0001003632 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:C000015968Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005821Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015968Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:C000015961Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:StrategyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:TaxationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005816Member ck0001003632:ExchangeTradedProductsETPsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015961Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:C000015964Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005819Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015964Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:C000015959Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:StrategyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:TaxationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005814Member ck0001003632:ExchangeTradedProductsETPsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015959Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:C000015956Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005812Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015956Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:C000015963Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:StrategyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:TaxationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005818Member ck0001003632:ExchangeTradedProductsETPsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015963Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:C000015946Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005808Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015946Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:C000015958Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:TaxationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005813Member ck0001003632:ExchangeTradedProductsETPsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015958Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_TAXMANAGED_AGGRESSIVE_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:C000015966Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005820Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015966Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:C000015960Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:StrategyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:TaxationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005815Member ck0001003632:ExchangeTradedProductsETPsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015960Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:C000015954Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:S000005811Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:C000015954Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:C000015962Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:StrategyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:TaxationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:S000005817Member ck0001003632:ExchangeTradedProductsETPsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:C000015962Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_ALLOCATION_FUND_Class_F_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:C000093801Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005821Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093801Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:C000093799Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005819Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093799Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:C000093798Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005812Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093798Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:C000093796Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005808Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093796Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:C000093800Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005820Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093800Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:C000093797Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:S000005811Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:C000093797Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_D_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:C000015969Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005821Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015969Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_DEFENSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:C000015965Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005819Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015965Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CONSERVATIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:C000015957Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005812Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015957Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MODERATE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:C000015947Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005808Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015947Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_AGGRESSIVE_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:C000015967Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005820Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015967Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Bloomberg_US_Aggregate_Bond_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_CORE_MARKET_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:C000015955Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member oef:RiskLoseMoneyMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member oef:RiskNotInsuredMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:EquityMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:FixedIncomeMarketRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:InvestmentCompanyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:AssetAllocationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:SmallAndMediumCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:LargeCapitalizationRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:CommodityInvestmentsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:ShortSalesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:USGovernmentSecuritiesRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:BelowInvestmentGradeSecuritiesJunkBondsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member us-gaap:InterestRateRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:ForeignInvestmentEmergingMarketsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:CurrencyRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:RealEstateIndustryRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:S000005811Member ck0001003632:ExchangeTradedProductsRiskMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2016-01-01 2016-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2017-01-01 2017-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2018-01-01 2018-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2019-01-01 2019-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2020-01-01 2020-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2021-01-01 2021-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2022-01-01 2022-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2023-01-01 2023-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2024-01-01 2024-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member oef:AfterTaxesOnDistributionsMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member oef:AfterTaxesOnDistributionsMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member oef:AfterTaxesOnDistributionsMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member oef:AfterTaxesOnDistributionsAndSalesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member oef:AfterTaxesOnDistributionsAndSalesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:C000015955Member oef:AfterTaxesOnDistributionsAndSalesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_SP_500_Index_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2025-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2021-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2016-01-01 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2003-11-17 2025-12-31 0001003632 ck0001003632:doc_MARKET_GROWTH_STRATEGY_FUND_Class_I_ProspectusMember ck0001003632:index_Blended_Benchmark_Return_reflects_no_deduction_for_fees_expenses_or_taxesMember 2026-07-29 2026-07-29 pure iso4217:USD 2026-07-29 N-1A SEI ASSET ALLOCATION TRUST 2026-07-31 DEFENSIVE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Manage risk of loss while providing current income and opportunity for limited capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.44</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.10</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Defensive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0056 0.0044 0.011 Because the Defensive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Defensive Strategy Fund — Class F Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">112</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">350</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">606</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,340</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 112 350 606 1340 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 14% of the average value of its portfolio.</span></p> 0.14 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to manage risk of loss while providing current income and opportunity for limited capital appreciation. Managing the risk of loss does not mean preventing losses, but rather managing the Fund in a manner intended to limit the level of losses that the Fund could incur over any particular period. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">40-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-15</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. <i>An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_ba002.jpg" style="-sec-ix-hidden: hidden-fact-0"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 3.24% (12/31/2023)<br/>Worst Quarter: -2.70% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 1.86%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.0324 2023-12-31 Worst Quarter: -0.027 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.0186 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg 1-3 Month Treasury Bill Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 70%/20%/5%/5%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg 1-3 Month Treasury Bill Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 70%/20%/5%/5%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Defensive Strategy Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.29</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.01</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.90</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.49</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.61</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.83</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.54</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.76</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.74</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.80</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.96</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.14</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.10</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.98</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.0629 0.0301 0.029 0.0249 Return After Taxes on Distributions 0.0497 0.0161 0.0183 0.0154 Return After Taxes on Distributions and Sale of Fund Shares 0.0376 0.0174 0.018 0.0156 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.0696 0.0314 0.031 0.0298 DEFENSIVE STRATEGY ALLOCATION FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Generate investment income while providing opportunity for capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.57</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.29</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.96</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Defensive Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0057 0.0029 0.0096 Because the Defensive Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Defensive Strategy Allocation Fund — Class F Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">98</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">306</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">531</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,178</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 98 306 531 1178 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 15% of the average value of its portfolio.</span></p> 0.15 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">GoalLink Strategy Component</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund is designed to be one component of a broader strategy (GoalLink Strategy) employed by SEI Investments Management Corporation (SIMC or the Adviser), in which shareholders allocate their overall investment portfolio among investments in the Fund as well as one or more SEI funds that invest primarily in municipal bonds (Muni Bond Funds). The allocation between the Fund and the Muni Bond Funds is based on models developed by SIMC and selected by the shareholder (in consultation with his or her investment adviser). Accordingly, the Fund is not recommended for persons who do not participate in the GoalLink Strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Investment Strategy</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate investment income while providing opportunity for capital appreciation. The Fund invests in other SEI funds (which may include exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds), that form the non-Underlying Muni Bond Fund component of the GoalLink Strategy. The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SIMC, or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds and real estate funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Strategy Risk</i> — The Fund is intended to be used only as a part of the GoalLink Strategy and is not designed as a stand-alone investment. The overall investment risk to a shareholder is significantly different when not combined with recommended investments in SEI funds that invest primarily in municipal bonds as part of a GoalLink Strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Taxation Risk</i> — The Fund is managed to minimize tax consequences to investors, but will likely earn taxable income and gains from time to time.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products (ETPs) Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. <i>An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_ba003.jpg" style="-sec-ix-hidden: hidden-fact-1"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 10.12% (3/31/2019)<br/>Worst Quarter: -22.83% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 1.66%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1012 2019-03-31 Worst Quarter: -0.2283 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.0166 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US 3-Month Treasury Bill Index (USD) and the ICE BofA US High Yield Constrained Index (USD), weighted 80%/20%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US 3-Month Treasury Bill Index (USD) and the ICE BofA US High Yield Constrained Index (USD), weighted 80%/20% After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Defensive Strategy Allocation Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.46</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.12</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.02</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.15</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.46</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.16</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.39</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.63</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.66</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.68</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.45</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.04</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.47</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.06</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.79</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.0446 0.0312 0.0302 0.0515 Return After Taxes on Distributions 0.0259 0.0146 0.0116 0.0339 Return After Taxes on Distributions and Sale of Fund Shares 0.0263 0.0166 0.0168 0.0345 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.0504 0.0347 0.0306 0.0279 CONSERVATIVE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Manage risk of loss while providing the opportunity for modest capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.55</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.50</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.15</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Conservative Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0055 0.005 0.0115 Because the Conservative Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Conservative Strategy Fund — Class F Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">117</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">365</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">633</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,398</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 117 365 633 1398 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 7% of the average value of its portfolio.</span></p> 0.07 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to manage risk of loss while providing the opportunity for modest capital appreciation. Managing the risk of loss does not mean preventing losses, but rather managing the Fund in a manner intended to limit the level of losses that the Fund could incur over any particular period. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">25-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. <i>An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_ba004.jpg" style="-sec-ix-hidden: hidden-fact-2"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 4.98% (6/30/2020)<br/>Worst Quarter: -6.54% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 2.41%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.0498 2020-06-30 Worst Quarter: -0.0654 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.0241 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index weighted 70%/10%/10%/10%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. </span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index weighted 70%/10%/10%/10%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Conservative Strategy Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception <br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.44</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.62</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.80</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.44</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.12</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.15</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.62</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.32</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.07</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.21</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.48</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.26</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.23</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.54</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.05</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.95</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.0844 0.0362 0.038 0.0344 Return After Taxes on Distributions 0.0712 0.0215 0.0262 0.0232 Return After Taxes on Distributions and Sale of Fund Shares 0.0507 0.0221 0.0248 0.0226 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.0923 0.0354 0.0405 0.0395 CONSERVATIVE STRATEGY ALLOCATION FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Generate investment income while providing opportunity for capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.60</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.26</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Conservative Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0056 0.006 0.0126 Because the Conservative Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Conservative Strategy Allocation Fund — Class F Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">128</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">400</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">692</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,523</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 128 400 692 1523 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 15% of the average value of its portfolio.</span></p> 0.15 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">GoalLink Strategy Component</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund is designed to be one component of a broader strategy (GoalLink Strategy) employed by SEI Investments Management Corporation (SIMC or the Adviser), in which shareholders allocate their overall investment portfolio among investments in the Fund as well as one or more SEI funds that invest primarily in municipal bonds (Muni Bond Funds). The allocation between the Fund and the Muni Bond Funds is based on models developed by SIMC and selected by the shareholder (in consultation with his or her investment adviser). Accordingly, the Fund is not recommended for persons who do not participate in the GoalLink Strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Investment Strategy</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate investment income while providing opportunity for capital appreciation. The Fund invests in other SEI funds (which may include exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds), that form the non-Underlying Muni Bond Fund component of the GoalLink Strategy. The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SIMC, or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, and real estate funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-80</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-50</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Strategy Risk</i> — The Fund is intended to be used only as a part of the GoalLink Strategy and is not designed as a stand-alone investment. The overall investment risk to a shareholder is significantly different when not combined with recommended investments in SEI funds that invest primarily in municipal bonds as part of a GoalLink Strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Taxation Risk</i> — The Fund is managed to minimize tax consequences to investors, but will likely earn taxable income and gains from time to time.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products (ETPs) Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_bc005.jpg" style="-sec-ix-hidden: hidden-fact-3"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 10.54% (3/31/2019)<br/>Worst Quarter: -20.70% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 4.36%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1054 2019-03-31 Worst Quarter: -0.207 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.0436 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US 3-Month Treasury Bill Index (USD), the ICE BofA US High Yield Constrained Index (USD) and the S&amp;P 500 Index, weighted 20%/30%/50%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. </span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US 3-Month Treasury Bill Index (USD), the ICE BofA US High Yield Constrained Index (USD) and the S&P 500 Index, weighted 20%/30%/50%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Conservative Strategy Allocation Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.82</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.37</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.51</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.13</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.06</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.87</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.96</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.14</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.83</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.06</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.24</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.07</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">12.31</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.89</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.02</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.0682 0.0637 0.0651 0.0713 Return After Taxes on Distributions 0.0406 0.0387 0.0396 0.0514 Return After Taxes on Distributions and Sale of Fund Shares 0.0483 0.0406 0.0424 0.0507 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1231 0.093 0.0989 0.0802 MODERATE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Capital appreciation, while managing the risk of loss.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.55</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.24</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Moderate Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0055 0.0059 0.0124 Because the Moderate Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Moderate Strategy Fund — Class F Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">126</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">393</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">681</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,500</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 126 393 681 1500 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio.</span></p> 0.12 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek capital appreciation, while managing the risk of loss. Managing the risk of loss does not mean preventing losses, but rather managing the Fund in a manner intended to limit the level of losses that the Fund could incur over any particular period. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-50</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i></span></p> Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_bc006.jpg" style="-sec-ix-hidden: hidden-fact-4"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 7.10% (6/30/2020)<br/>Worst Quarter: -10.05% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 4.15%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.071 2020-06-30 Worst Quarter: -0.1005 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.0415 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 35%/30%/20%/15%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 35%/30%/20%/15%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Moderate Strategy Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">11.45</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.20</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.93</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.65</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.15</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.52</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.58</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.38</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.90</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.62</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.35</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.22</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">12.13</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.50</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.62</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1145 0.042 0.0493 0.0465 Return After Taxes on Distributions 0.1015 0.0252 0.0358 0.0338 Return After Taxes on Distributions and Sale of Fund Shares 0.069 0.0262 0.0335 0.0322 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1213 0.045 0.0562 0.053 MODERATE STRATEGY ALLOCATION FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Provide the opportunity for capital appreciation with some opportunity to generate income.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.61</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Moderate Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0056 0.0061 0.0127 Because the Moderate Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Moderate Strategy Allocation Fund — Class F Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">129</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">403</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">697</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,534</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 129 403 697 1534 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 15% of the average value of its portfolio.</span></p> 0.15 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">GoalLink Strategy Component</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund is designed to be one component of a broader strategy (GoalLink Strategy) employed by SEI Investments Management Corporation (SIMC or the Adviser), in which shareholders allocate their overall investment portfolio among investments in the Fund as well as one or more SEI funds that invest primarily in municipal bonds (Muni Bond Funds). The allocation between the Fund and the Muni Bond Funds is based on models developed by SIMC and selected by the shareholder (in consultation with his or her investment adviser). Accordingly, the Fund is not recommended for persons who do not participate in the GoalLink Strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Investment Strategy</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to provide the opportunity for capital appreciation with some opportunity to generate income. The Fund invests in other SEI funds (which may include exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds), that form the non-Underlying Muni Bond Fund component of the GoalLink Strategy. The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SIMC, or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, and real estate funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-70</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-50</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-50</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Strategy Risk</i> — The Fund is intended to be used only as a part of the GoalLink Strategy and is not designed as a stand-alone investment. The overall investment risk to a shareholder is significantly different when not combined with recommended investments in SEI funds that invest primarily in municipal bonds as part of a GoalLink Strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Taxation Risk</i> — The Fund is managed to minimize tax consequences to investors, but will likely earn taxable income and gains from time to time.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products (ETPs) Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. <i>An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_bc007.jpg" style="-sec-ix-hidden: hidden-fact-5"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 11.20% (6/30/2020)<br/>Worst Quarter: -22.05% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 4.41%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.112 2020-06-30 Worst Quarter: -0.2205 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.0441 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US 3-Month Treasury Bill Index (USD), the ICE BofA US High Yield Constrained Index (USD), the S&amp;P 500 Index and the MSCI EAFE Index, weighted 15%/20%/60%/5%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US 3-Month Treasury Bill Index (USD), the ICE BofA US High Yield Constrained Index (USD), the S&P 500 Index and the MSCI EAFE Index, weighted 15%/20%/60%/5%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Moderate Strategy Allocation Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.49</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.88</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.72</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.51</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.72</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.09</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.78</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.23</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.41</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.45</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.70</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.57</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.58</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">11.03</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.70</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1049 0.0788 0.0772 0.0751 Return After Taxes on Distributions 0.0642 0.0472 0.0509 0.0578 Return After Taxes on Distributions and Sale of Fund Shares 0.0823 0.0541 0.0545 0.057 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1457 0.1058 0.1103 0.087 AGGRESSIVE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Long-term capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.55</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.53</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.18</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0055 0.0053 0.0118 Because the Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Aggressive Strategy Fund — Class F Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">120</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">375</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">649</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,432</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 120 375 649 1432 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 15% of the average value of its portfolio.</span></p> 0.15 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate long-term capital appreciation. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, real estate funds and multi-asset funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">30-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_be008.jpg" style="-sec-ix-hidden: hidden-fact-6"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 15.83% (6/30/2020)<br/>Worst Quarter: -19.73% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 11.01%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1583 2020-06-30 Worst Quarter: -0.1973 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.1101 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Russell 3000 Index, the MSCI ACWI ex-USA Index and the Bloomberg U.S. Aggregate Bond Index, weighted 50%/30%/20%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Russell 3000 Index, the MSCI ACWI ex-USA Index and the Bloomberg U.S. Aggregate Bond Index, weighted 50%/30%/20%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Aggressive Strategy Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">22.03</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.95</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.75</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.91</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">19.39</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.60</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.04</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.58</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.40</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.50</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.51</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.24</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">19.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.94</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.20</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.45</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.2203 0.0795 0.0875 0.0691 Return After Taxes on Distributions 0.1939 0.056 0.0704 0.0558 Return After Taxes on Distributions and Sale of Fund Shares 0.144 0.055 0.0651 0.0524 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1959 0.0894 0.102 0.0845 TAX-MANAGED AGGRESSIVE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Long-term capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p></td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p></td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom">  </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.55</span></p></td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.72</span></p></td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.37</span></p></td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Tax-Managed Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0055 0.0072 0.0137 Because the Tax-Managed Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom">  </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Tax-Managed Aggressive Strategy Fund — Class F Shares</span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">139</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">434</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">750</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,646</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 139 434 750 1646 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 7% of the average value of its portfolio.</span></p> 0.07 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate long-term capital appreciation. The Fund invests in other SEI funds (which may include exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, and real estate funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">A portion of the U.S. equity component of the Fund's portfolio will be invested in "tax-managed" Underlying SEI Funds. Given this tax-managed strategy, the Fund is intended for investors subject to federal income taxation. Tax-exempt investors may wish to select funds that do not have a tax-managed strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">40-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Taxation Risk</i> — The Fund is managed to minimize tax consequences to investors, but will likely earn taxable income and gains from time to time.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products (ETPs) Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_be009.jpg" style="-sec-ix-hidden: hidden-fact-7"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 18.35% (6/30/2020)<br/>Worst Quarter: -22.88% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 9.27%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1835 2020-06-30 Worst Quarter: -0.2288 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.0927 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US High Yield Constrained Index (USD), the S&amp;P 500 Index and the MSCI EAFE Index, weighted 5%/80%/15%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US High Yield Constrained Index (USD), the S&P 500 Index and the MSCI EAFE Index, weighted 5%/80%/15%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Tax-Managed Aggressive Strategy Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">18.47</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.83</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.15</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.50</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.87</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.70</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.23</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">12.58</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.32</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.91</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.66</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">19.40</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">13.16</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">13.45</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.22</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1847 0.0983 0.101 0.0815 Return After Taxes on Distributions 0.155 0.0787 0.087 0.0723 Return After Taxes on Distributions and Sale of Fund Shares 0.1258 0.0732 0.0791 0.0666 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.194 0.1316 0.1345 0.1022 CORE MARKET STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Capital appreciation while maintaining broad equity and fixed income market participation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.25</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Core Market Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0056 0.0059 0.0125 Because the Core Market Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Core Market Strategy Fund — Class F Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">127</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">397</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">686</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,511</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 127 397 686 1511 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 14% of the average value of its portfolio.</span></p> 0.14 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate capital appreciation while maintaining broad equity and fixed income market participation. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-75</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-70</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_be010.jpg" style="-sec-ix-hidden: hidden-fact-8"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 11.01% (6/30/2020)<br/>Worst Quarter: -13.12% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 7.00%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1101 2020-06-30 Worst Quarter: -0.1312 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.07 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 50%/30%/20%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 50%/30%/20%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Core Market Strategy Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.11</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.71</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.11</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.31</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">13.81</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.74</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.37</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.80</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.06</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.93</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.19</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.68</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.08</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.39</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.13</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.61</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1511 0.0471 0.0611 0.0531 Return After Taxes on Distributions 0.1381 0.0274 0.0437 0.038 Return After Taxes on Distributions and Sale of Fund Shares 0.0906 0.0293 0.0419 0.0368 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1508 0.0539 0.0713 0.0661 CORE MARKET STRATEGY ALLOCATION FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Provide the opportunity for capital appreciation with some opportunity to generate income.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.72</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.38</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Core Market Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0056 0.0072 0.0138 Because the Core Market Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Core Market Strategy Allocation Fund — Class F Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">140</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">437</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">755</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,657</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 140 437 755 1657 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 6% of the average value of its portfolio.</span></p> 0.06 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">GoalLink Strategy Component</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund is designed to be one component of a broader strategy (GoalLink Strategy) employed by SEI Investments Management Corporation (SIMC or the Adviser), in which shareholders allocate their overall investment portfolio among investments in the Fund as well as one or more SEI funds that invest primarily in municipal bonds (Muni Bond Funds). The allocation between the Fund and the Muni Bond Funds is based on models developed by SIMC and selected by the shareholder (in consultation with his or her investment adviser). Accordingly, the Fund is not recommended for persons who do not participate in the GoalLink Strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Investment Strategy</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to provide the opportunity for capital appreciation with some opportunity to generate income. The Fund invests in other SEI funds (which may include exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds), that form the non-Underlying Muni Bond Fund component of the GoalLink Strategy. The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SIMC, or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, and real estate funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">20-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-75</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Strategy Risk</i> — The Fund is intended to be used only as a part of the GoalLink Strategy and is not designed as a stand-alone investment. The overall investment risk to a shareholder is significantly different when not combined with recommended investments in SEI funds that invest primarily in municipal bonds as part of a GoalLink Strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Taxation Risk</i> — The Fund is managed to minimize tax consequences to investors, but will likely earn taxable income and gains from time to time.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products (ETPs) Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_bg011.jpg" style="-sec-ix-hidden: hidden-fact-9"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 18.33% (6/30/2020)<br/>Worst Quarter: -22.91% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 9.30%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1833 2020-06-30 Worst Quarter: -0.2291 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.093 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US High Yield Constrained Index (USD), the S&amp;P 500 Index and the MSCI EAFE Index, weighted 10%/75%/15%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US High Yield Constrained Index (USD), the S&P 500 Index and the MSCI EAFE Index, weighted 10%/75%/15%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Core Market Strategy Allocation Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception <br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">18.42</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.80</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.07</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.77</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">13.98</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.12</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.55</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">13.64</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.22</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.80</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.24</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">18.92</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">12.67</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">13.04</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.03</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1842 0.098 0.1007 0.0777 Return After Taxes on Distributions 0.1398 0.0701 0.0812 0.0655 Return After Taxes on Distributions and Sale of Fund Shares 0.1364 0.0722 0.078 0.0624 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1892 0.1267 0.1304 0.1003 MARKET GROWTH STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Capital appreciation while maintaining broad equity and fixed income market participation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees*</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses*</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.58</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.24</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Market Growth Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0056 0.0058 0.0124 Because the Market Growth Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Market Growth Strategy Fund — Class F Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">126</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">393</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">681</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,500</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 126 393 681 1500 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 16% of the average value of its portfolio.</span></p> 0.16 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate capital appreciation while maintaining broad equity and fixed income market participation. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, real estate funds and multi-asset funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10-85</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-50</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_bg012.jpg" style="-sec-ix-hidden: hidden-fact-10"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 12.89% (6/30/2020)<br/>Worst Quarter: -15.97% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 8.58%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1289 2020-06-30 Worst Quarter: -0.1597 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.0858 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 40%/35%/25%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 40%/35%/25%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Market Growth Strategy Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.72</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.21</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.20</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.88</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.89</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.55</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.49</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.92</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.08</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.15</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.26</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">16.81</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.49</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.07</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.19</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1772 0.0621 0.072 0.0588 Return After Taxes on Distributions 0.1589 0.0401 0.0555 0.0449 Return After Taxes on Distributions and Sale of Fund Shares 0.1092 0.0408 0.0515 0.0426 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1681 0.0649 0.0807 0.0719 MARKET GROWTH STRATEGY ALLOCATION FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Provide the opportunity for capital appreciation with some opportunity to generate income.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 89px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class F Shares</span></p></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p></td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p></td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom">  </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.55</span></p></td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 56px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.72</span></p></td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 56px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.37</span></p></td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Market Growth Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0055 0.0072 0.0137 Because the Market Growth Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 198px;" valign="bottom">  </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 198px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Market Growth Strategy Allocation Fund — Class F Shares</span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">139</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">434</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">750</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,646</span></p></td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 139 434 750 1646 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 6% of the average value of its portfolio.</span></p> 0.06 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">GoalLink Strategy Component</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund is designed to be one component of a broader strategy (GoalLink Strategy) employed by SEI Investments Management Corporation (SIMC or the Adviser), in which shareholders allocate their overall investment portfolio among investments in the Fund as well as one or more SEI funds that invest primarily in municipal bonds (Muni Bond Funds). The allocation between the Fund and the Muni Bond Funds is based on models developed by SIMC and selected by the shareholder (in consultation with his or her investment adviser). Accordingly, the Fund is not recommended for persons who do not participate in the GoalLink Strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Investment Strategy</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to provide the opportunity for capital appreciation with some opportunity to generate income. The Fund invests in other SEI funds (which may include exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds), that form the non-Underlying Muni Bond Fund component of the GoalLink Strategy. The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SIMC, or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, and real estate funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">30-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-70</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-70</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-50</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Strategy Risk</i> — The Fund is intended to be used only as a part of the GoalLink Strategy and is not designed as a stand-alone investment. The overall investment risk to a shareholder is significantly different when not combined with recommended investments in SEI funds that invest primarily in municipal bonds as part of a GoalLink Strategy.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Taxation Risk</i> — The Fund is managed to minimize tax consequences to investors, but will likely earn taxable income and gains from time to time.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products (ETPs) Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135952_bg013.jpg" style="-sec-ix-hidden: hidden-fact-11"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 288px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 18.33% (6/30/2020)<br/>Worst Quarter: -22.92% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 9.30%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1833 2020-06-30 Worst Quarter: -0.2292 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.093 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US High Yield Constrained Index, the S&amp;P 500 Index and the MSCI EAFE Index, weighted 10%/75%/15%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the ICE BofA US High Yield Constrained Index, the S&P 500 Index and the MSCI EAFE Index, weighted 10%/75%/15%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Market Growth Strategy Allocation Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">18.43</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.81</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.09</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.96</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.21</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.66</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.62</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.98</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">12.73</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.91</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.47</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">18.92</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">12.67</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">13.04</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.03</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1843 0.0981 0.1009 0.0796 Return After Taxes on Distributions 0.1521 0.0766 0.0862 0.0698 Return After Taxes on Distributions and Sale of Fund Shares 0.1273 0.073 0.0791 0.0647 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1892 0.1267 0.1304 0.1003 DEFENSIVE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Manage risk of loss while providing current income and opportunity for limited capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 91px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class D Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.75</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.44</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.85</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Defensive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0.0075 0.0056 0.0044 0.0185 Because the Defensive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 165px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 165px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Defensive Strategy Fund — Class D Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">188</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">582</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,001</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2,169</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 188 582 1001 2169 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 14% of the average value of its portfolio.</span></p> 0.14 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to manage risk of loss while providing current income and opportunity for limited capital appreciation. Managing the risk of loss does not mean preventing losses, but rather managing the Fund in a manner intended to limit the level of losses that the Fund could incur over any particular period. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">40-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-15</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">As of July 31, 2025, the Class D Shares of the Fund had not commenced operations. The bar chart and the performance table below provide some indication of the risks of investing in the Class D Shares of the Fund by showing changes in the Fund's Class F Shares performance from year to year for the past ten calendar years and by showing how the Fund's Class F Shares average annual returns for 1, 5 and 10 years, and since the Fund's Class F Shares inception, compared with those of a broad measure of market performance. Since Class D Shares are invested in the same portfolio of securities, returns for Class D Shares will be substantially similar to those of Class F Shares, shown here, and will differ only to the extent that Class D Shares have higher expenses. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> As of July 31, 2025, the Class D Shares of the Fund had not commenced operations. The bar chart and the performance table below provide some indication of the risks of investing in the Class D Shares of the Fund by showing changes in the Fund's Class F Shares performance from year to year for the past ten calendar years and by showing how the Fund's Class F Shares average annual returns for 1, 5 and 10 years, and since the Fund's Class F Shares inception, compared with those of a broad measure of market performance. Since Class D Shares are invested in the same portfolio of securities, returns for Class D Shares will be substantially similar to those of Class F Shares, shown here, and will differ only to the extent that Class D Shares have higher expenses. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135953_ba002.jpg" style="-sec-ix-hidden: hidden-fact-12"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 292px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 3.24% (12/31/2023)<br/>Worst Quarter: -2.70% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 1.86%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.0324 2023-12-31 Worst Quarter: -0.027 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.0186 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg 1-3 Month Treasury Bill Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 70%/20%/5%/5%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg 1-3 Month Treasury Bill Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 70%/20%/5%/5%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Defensive Strategy Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 61px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since <br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.29</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.01</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.90</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.49</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.61</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.83</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.54</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.76</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.74</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.80</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses <br/>or taxes)</span> </span> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.96</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.14</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.10</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.98</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.0629 0.0301 0.029 0.0249 Return After Taxes on Distributions 0.0497 0.0161 0.0183 0.0154 Return After Taxes on Distributions and Sale of Fund Shares 0.0376 0.0174 0.018 0.0156 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.0696 0.0314 0.031 0.0298 CONSERVATIVE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Manage risk of loss while providing the opportunity for modest capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 91px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class D Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.75</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.55</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.50</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.90</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Conservative Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0.0075 0.0055 0.005 0.019 Because the Conservative Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 165px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 165px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Conservative Strategy Fund — Class D Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">193</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">597</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,026</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2,222</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 193 597 1026 2222 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 7% of the average value of its portfolio.</span></p> 0.07 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to manage risk of loss while providing the opportunity for modest capital appreciation. Managing the risk of loss does not mean preventing losses, but rather managing the Fund in a manner intended to limit the level of losses that the Fund could incur over any particular period. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">25-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135953_ba003.jpg" style="-sec-ix-hidden: hidden-fact-13"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 292px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 4.88% (6/30/2020)<br/>Worst Quarter: -6.72% (3/31/2020)<br/>The Fund's Class D total return (pre-tax) from January 1, 2026 to June 30, 2026 was 2.02%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.0488 2020-06-30 Worst Quarter: -0.0672 2020-03-31 Class D total return (pre-tax) 2026-06-30 0.0202 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index weighted 70%/10%/10%/10%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. </span></p> This table compares the Fund's average annual total returns to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index weighted 70%/10%/10%/10%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Conservative Strategy Fund*</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 61px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.62</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.82</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.01</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.46</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.62</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.66</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.14</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.55</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.57</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.73</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.00</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses <br/>or taxes)</span> </span> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.23</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.54</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.05</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.95</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">* The Fund's Class D Shares commenced operations on March 25, 2011. For periods prior to March 25, 2011, the performance of the Fund's Class F Shares, adjusted for the higher total annual fund operating expenses of the Class D Shares has been used. Returns for Class D Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class D Shares have higher total annual fund operating expenses than Class F Shares.</span></p> 2003-11-17 Return Before Taxes 0.0762 0.0282 0.0301 0.0246 Return After Taxes on Distributions 0.0662 0.0166 0.0214 0.0155 Return After Taxes on Distributions and Sale of Fund Shares 0.0457 0.0173 0.02 0.0156 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.0923 0.0354 0.0405 0.0395 MODERATE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Capital appreciation, while managing the risk of loss.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 91px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class D Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.75</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.55</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.99</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Moderate Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0.0075 0.0055 0.0059 0.0199 Because the Moderate Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 165px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 165px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Moderate Strategy Fund — Class D Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">202</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">624</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,073</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2,317</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 202 624 1073 2317 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio.</span></p> 0.12 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek capital appreciation, while managing the risk of loss. Managing the risk of loss does not mean preventing losses, but rather managing the Fund in a manner intended to limit the level of losses that the Fund could incur over any particular period. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-50</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk </i>— As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135953_ba004.jpg" style="-sec-ix-hidden: hidden-fact-14"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 292px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 6.89% (6/30/2020)<br/>Worst Quarter: -10.14% (3/31/2020)<br/>The Fund's Class D total return (pre-tax) from January 1, 2026 to June 30, 2026 was 3.77%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.0689 2020-06-30 Worst Quarter: -0.1014 2020-03-31 Class D total return (pre-tax) 2026-06-30 0.0377 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 35%/30%/20%/15%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. </span></p> This table compares the Fund's average annual total returns to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 35%/30%/20%/15%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Moderate Strategy Fund*</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 61px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.72</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.44</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.16</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.68</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.72</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.07</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.12</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.60</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.44</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.16</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.87</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.49</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses <br/>or taxes)</span> </span> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">12.13</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.50</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.62</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">* The Fund's Class D Shares commenced operations on March 25, 2011. For periods prior to March 25, 2011, the performance of the Fund's Class F Shares, adjusted for the higher total annual fund operating expenses of the Class D Shares has been used. Returns for Class D Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class D Shares have higher total annual fund operating expenses than Class F Shares.</span></p> 2003-11-17 Return Before Taxes 0.1072 0.0344 0.0416 0.0368 Return After Taxes on Distributions 0.0972 0.0207 0.0312 0.026 Return After Taxes on Distributions and Sale of Fund Shares 0.0644 0.0216 0.0287 0.0249 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1213 0.045 0.0562 0.053 AGGRESSIVE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Long-term capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 91px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class D Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.75</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.55</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.53</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.93</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0.0075 0.0055 0.0053 0.0193 Because the Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 165px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 165px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Aggressive Strategy Fund — Class D Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">196</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">606</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,042</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2,254</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 196 606 1042 2254 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 15% of the average value of its portfolio.</span></p> 0.15 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate long-term capital appreciation. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, real estate funds and multi-asset funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">30-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135953_bc005.jpg" style="-sec-ix-hidden: hidden-fact-15"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 292px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 15.59% (6/30/2020)<br/>Worst Quarter: -19.83% (3/31/2020)<br/>The Fund's Class D total return (pre-tax) from January 1, 2026 to June 30, 2026 was 10.67%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1559 2020-06-30 Worst Quarter: -0.1983 2020-03-31 Class D total return (pre-tax) 2026-06-30 0.1067 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Russell 3000 Index, the MSCI ACWI ex-USA Index and the Bloomberg U.S. Aggregate Bond Index, weighted 50%/30%/20%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Russell 3000 Index, the MSCI ACWI ex-USA Index and the Bloomberg U.S. Aggregate Bond Index, weighted 50%/30%/20% After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Aggressive Strategy Fund*</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 61px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since <br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">21.05</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.14</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.94</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.92</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">18.65</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.99</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.43</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.68</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">13.80</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.96</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.94</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.40</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses <br/>or taxes)</span> </span> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">19.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.94</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.20</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.45</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">* The Fund's Class D Shares commenced operations on March 25, 2011. For periods prior to March 25, 2011, the performance of the Fund's Class F Shares, adjusted for the higher total annual fund operating expenses of the Class D Shares has been used. Returns for Class D Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class D Shares have higher total annual fund operating expenses than Class F Shares.</span></p> 2003-11-17 Return Before Taxes 0.2105 0.0714 0.0794 0.0592 Return After Taxes on Distributions 0.1865 0.0499 0.0643 0.0468 Return After Taxes on Distributions and Sale of Fund Shares 0.138 0.0496 0.0594 0.044 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1959 0.0894 0.102 0.0845 CORE MARKET STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Capital appreciation while maintaining broad equity and fixed income market participation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 91px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class D Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.75</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.00</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Core Market Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0.0075 0.0056 0.0059 0.02 Because the Core Market Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 165px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 165px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Core Market Strategy Fund — Class D Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">203</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">627</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,078</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2,327</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 203 627 1078 2327 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 14% of the average value of its portfolio.</span></p> 0.14 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate capital appreciation while maintaining broad equity and fixed income market participation. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-75</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-70</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">As of July 31, 2025, the Class D Shares of the Fund had not commenced operations. The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's Class F Shares performance from year to year for the past ten calendar years and by showing how the Fund's Class F Shares average annual returns for 1, 5 and 10 years, and since the Fund's Class F Shares inception, compared with those of a broad measure of market performance. Since Class D Shares are invested in the same portfolio of securities, returns for Class D Shares will be substantially similar to those of Class F Shares, shown here, and will differ only to the extent that Class D Shares have higher expenses. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> As of July 31, 2025, the Class D Shares of the Fund had not commenced operations. The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's Class F Shares performance from year to year for the past ten calendar years and by showing how the Fund's Class F Shares average annual returns for 1, 5 and 10 years, and since the Fund's Class F Shares inception, compared with those of a broad measure of market performance. Since Class D Shares are invested in the same portfolio of securities, returns for Class D Shares will be substantially similar to those of Class F Shares, shown here, and will differ only to the extent that Class D Shares have higher expenses. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135953_bc006.jpg" style="-sec-ix-hidden: hidden-fact-16"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 292px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 11.01% (6/30/2020)<br/>Worst Quarter: -13.12% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 7.00%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1101 2020-06-30 Worst Quarter: -0.1312 2020-03-31 Class F total return (pre-tax) 2026-06-30 0.07 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 50%/30%/20%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class F Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 50%/30%/20%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Core Market Strategy Fund — Class F</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 61px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since <br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.11</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.71</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.11</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.31</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">13.81</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.74</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.37</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.80</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.06</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.93</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.19</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.68</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses <br/>or taxes)</span> </span> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.08</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.39</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.13</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.61</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1511 0.0471 0.0611 0.0531 Return After Taxes on Distributions 0.1381 0.0274 0.0437 0.038 Return After Taxes on Distributions and Sale of Fund Shares 0.0906 0.0293 0.0419 0.0368 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1508 0.0539 0.0713 0.0661 MARKET GROWTH STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Capital appreciation while maintaining broad equity and fixed income market participation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 91px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class D Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees*</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.75</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses*</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.56</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 58px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.58</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 58px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.99</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Market Growth Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0.0075 0.0056 0.0058 0.0199 Because the Market Growth Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 165px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 165px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Market Growth Strategy Fund — Class D Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">202</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">624</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,073</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2,317</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 202 624 1073 2317 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 16% of the average value of its portfolio.</span></p> 0.16 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate capital appreciation while maintaining broad equity and fixed income market participation. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, real estate funds and multi-asset funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10-85</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-50</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135953_bc007.jpg" style="-sec-ix-hidden: hidden-fact-17"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 292px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 12.62% (6/30/2020)<br/>Worst Quarter: -16.04% (3/31/2020)<br/>The Fund's Class D total return (pre-tax) from January 1, 2026 to June 30, 2026 was 8.22%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1262 2020-06-30 Worst Quarter: -0.1604 2020-03-31 Class D total return (pre-tax) 2026-06-30 0.0822 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 40%/35%/25%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 40%/35%/25%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Market Growth Strategy Fund*</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 61px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">16.86</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.41</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.41</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.89</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.35</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.51</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.04</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.67</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.39</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.64</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.48</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 243px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 32px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 243px; background-color: #cceeff; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses <br/>or taxes)</span> </span> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">16.81</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.49</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.07</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.19</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">* The Fund's Class D Shares commenced operations on March 25, 2011. For periods prior to March 25, 2011, the performance of the Fund's Class F Shares, adjusted for the higher total annual fund operating expenses of the Class D Shares has been used. Returns for Class D Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class D Shares have higher total annual fund operating expenses than Class F Shares.</span></p> 2003-11-17 Return Before Taxes 0.1686 0.0541 0.0641 0.0489 Return After Taxes on Distributions 0.1535 0.0351 0.0504 0.0367 Return After Taxes on Distributions and Sale of Fund Shares 0.1039 0.0359 0.0464 0.0348 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1681 0.0649 0.0807 0.0719 DEFENSIVE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Manage risk of loss while providing current income and opportunity for limited capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 88px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class I Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.81</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.44</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.35</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Defensive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0081 0.0044 0.0135 Because the Defensive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 162px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 162px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Defensive Strategy Fund — Class I Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">137</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">428</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">739</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,624</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 137 428 739 1624 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 14% of the average value of its portfolio.</span></p> 0.14 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to manage risk of loss while providing current income and opportunity for limited capital appreciation. Managing the risk of loss does not mean preventing losses, but rather managing the Fund in a manner intended to limit the level of losses that the Fund could incur over any particular period. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">40-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-15</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk </i>— The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk </i>— The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk </i>— When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk </i>— The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk </i>— Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk </i>— The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk </i>— Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk </i>— A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk </i>— Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk </i>— Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk </i>— The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk </i>— Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk </i>— The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk </i>— As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk </i>— The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135954_ba002.jpg" style="-sec-ix-hidden: hidden-fact-18"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 289px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 3.17% (12/31/2023)<br/>Worst Quarter: -2.85% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 1.73%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.0317 2023-12-31 Worst Quarter: -0.0285 2020-03-31 Class I total return (pre-tax) 2026-06-30 0.0173 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class I Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg 1-3 Month Treasury Bill Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 70%/20%/5%/5%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class I Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg 1-3 Month Treasury Bill Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 70%/20%/5%/5%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Defensive Strategy Fund — Class I</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.05</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.73</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.63</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.24</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.80</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.65</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.35</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.62</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.57</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.63</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.39</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.96</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.14</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.10</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.98</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.0605 0.0273 0.0263 0.0224 Return After Taxes on Distributions 0.048 0.0142 0.0165 0.0135 Return After Taxes on Distributions and Sale of Fund Shares 0.0362 0.0157 0.0163 0.0139 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.0696 0.0314 0.031 0.0298 CONSERVATIVE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Manage risk of loss while providing the opportunity for modest capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 88px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class I Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.80</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.50</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.40</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Conservative Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.008 0.005 0.014 Because the Conservative Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 162px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 162px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Conservative Strategy Fund — Class I Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">143</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">443</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">766</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,680</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 143 443 766 1680 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 7% of the average value of its portfolio.</span></p> 0.07 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to manage risk of loss while providing the opportunity for modest capital appreciation. Managing the risk of loss does not mean preventing losses, but rather managing the Fund in a manner intended to limit the level of losses that the Fund could incur over any particular period. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">25-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135954_ba003.jpg" style="-sec-ix-hidden: hidden-fact-19"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 289px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 4.91% (6/30/2020)<br/>Worst Quarter: -6.59% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 2.28%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.0491 2020-06-30 Worst Quarter: -0.0659 2020-03-31 Class I total return (pre-tax) 2026-06-30 0.0228 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class I Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index weighted 70%/10%/10%/10%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class I Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index weighted 70%/10%/10%/10%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Conservative Strategy Fund — Class I</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.13</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.35</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.55</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.96</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.02</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.50</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.25</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.06</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.35</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.17</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.23</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.54</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.05</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.95</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.0813 0.0335 0.0355 0.0327 Return After Taxes on Distributions 0.0696 0.0202 0.025 0.0225 Return After Taxes on Distributions and Sale of Fund Shares 0.0488 0.0206 0.0235 0.0217 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.0923 0.0354 0.0405 0.0395 MODERATE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Capital appreciation, while managing the risk of loss.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 88px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class I Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.80</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.49</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Moderate Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.008 0.0059 0.0149 Because the Moderate Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 162px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 162px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Moderate Strategy Fund — Class I Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">152</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">471</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">813</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,779</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 152 471 813 1779 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio.</span></p> 0.12 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek capital appreciation, while managing the risk of loss. Managing the risk of loss does not mean preventing losses, but rather managing the Fund in a manner intended to limit the level of losses that the Fund could incur over any particular period. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-50</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135954_ba004.jpg" style="-sec-ix-hidden: hidden-fact-20"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 289px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 6.99% (6/30/2020)<br/>Worst Quarter: -10.00% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 4.01%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.0699 2020-06-30 Worst Quarter: -0.10 2020-03-31 Class I total return (pre-tax) 2026-06-30 0.0401 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class I Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 35%/30%/20%/15%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class I Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg 1-3 Year Government/Credit Index, the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 35%/30%/20%/15%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Moderate Strategy Fund — Class I</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">11.19</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.95</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.67</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.51</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.04</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.46</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.35</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.73</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.48</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.20</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.16</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">12.13</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.50</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.62</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1119 0.0395 0.0467 0.0451 Return After Taxes on Distributions 0.1004 0.0242 0.0346 0.0335 Return After Taxes on Distributions and Sale of Fund Shares 0.0673 0.0248 0.032 0.0316 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1213 0.045 0.0562 0.053 AGGRESSIVE STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Long-term capital appreciation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 88px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class I Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.80</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.53</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.43</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.008 0.0053 0.0143 Because the Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 162px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 162px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Aggressive Strategy Fund — Class I Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">146</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">452</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">782</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,713</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 146 452 782 1713 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 15% of the average value of its portfolio.</span></p> 0.15 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate long-term capital appreciation. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, real estate funds and multi-asset funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">30-100</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-40</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-25</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. <i>An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135954_bc005.jpg" style="-sec-ix-hidden: hidden-fact-21"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 289px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 15.81% (6/30/2020)<br/>Worst Quarter: -19.77% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 10.93%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1581 2020-06-30 Worst Quarter: -0.1977 2020-03-31 Class I total return (pre-tax) 2026-06-30 0.1093 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class I Shares to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Russell 3000 Index, the MSCI ACWI ex-USA Index and the Bloomberg U.S. Aggregate Bond Index, weighted 50%/30%/20%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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.</span></p> This table compares the Fund's average annual total returns for Class I Shares to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Russell 3000 Index, the MSCI ACWI ex-USA Index and the Bloomberg U.S. Aggregate Bond Index, weighted 50%/30%/20%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Aggressive Strategy Fund — Class I</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">21.63</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.69</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.49</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.60</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">18.98</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.35</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.81</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.31</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.20</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.31</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.31</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.00</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">19.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.94</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.20</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.45</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.2163 0.0769 0.0849 0.066 Return After Taxes on Distributions 0.1898 0.0535 0.0681 0.0531 Return After Taxes on Distributions and Sale of Fund Shares 0.142 0.0531 0.0631 0.05 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1959 0.0894 0.102 0.0845 CORE MARKET STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Capital appreciation while maintaining broad equity and fixed income market participation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 88px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class I Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.81</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.59</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.50</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ The operating expenses in this fee table will not correlate to the expense ratio in the financial statements for the Core Market Strategy Fund (Fund). The financial statements include direct operating expenses incurred by the Fund. Due to the de minimis asset levels of Class I during the most recent fiscal year, the expenses in this table are estimates, based on expenses incurred by the Fund's other share classes, as adjusted for Class I expenses. In addition, the fee table includes AFFE for the most recent fiscal year, but the financial statements do not include the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0081 0.0059 0.015 The operating expenses in this fee table will not correlate to the expense ratio in the financial statements for the Core Market Strategy Fund (Fund). The financial statements include direct operating expenses incurred by the Fund. Due to the de minimis asset levels of Class I during the most recent fiscal year, the expenses in this table are estimates, based on expenses incurred by the Fund's other share classes, as adjusted for Class I expenses. In addition, the fee table includes AFFE for the most recent fiscal year, but the financial statements do not include the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 162px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 162px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Core Market Strategy Fund — Class I Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">153</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">474</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">818</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,791</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 153 474 818 1791 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 14% of the average value of its portfolio.</span></p> 0.14 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate capital appreciation while maintaining broad equity and fixed income market participation. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI bond and money market funds, equity funds, real estate funds and multi-asset funds. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-75</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-70</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-30</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to </span></p><p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. <i>An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135954_bc006.jpg" style="-sec-ix-hidden: hidden-fact-22"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 289px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 11.33% (6/30/2020)<br/>Worst Quarter: -13.06% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 7.09%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1133 2020-06-30 Worst Quarter: -0.1306 2020-03-31 Class I total return (pre-tax) 2026-06-30 0.0709 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class I Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 50%/30%/20%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. </span></p> This table compares the Fund's average annual total returns for Class I Shares to those of the Bloomberg U.S. Aggregate Bond Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 50%/30%/20%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Core Market Strategy Fund — Class I</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.47</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.08</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.40</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.61</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.39</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.40</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.91</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.29</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">9.25</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.32</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.53</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.03</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <span style="-keep: true"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction <br/>for fees, expenses or taxes)</span> </span> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.30</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">-0.36</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">2.01</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.27</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.08</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.39</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.13</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.61</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1547 0.0508 0.064 0.0561 Return After Taxes on Distributions 0.1439 0.034 0.0491 0.0429 Return After Taxes on Distributions and Sale of Fund Shares 0.0925 0.0332 0.0453 0.0403 Bloomberg U.S. Aggregate Bond Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.073 -0.0036 0.0201 0.0327 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1508 0.0539 0.0713 0.0661 MARKET GROWTH STRATEGY FUND Investment Goal <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Capital appreciation while maintaining broad equity and fixed income market participation.</span></p> Fees and Expenses <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table describes the fees and expenses that you may pay if you buy, hold, and sell Fund shares. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in this table and examples below.</span></p> ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 257px; text-align: left;" valign="bottom"> <div style="-keep: true"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">(expenses that you pay each year as a percentage of the value of your investment)</span></p> </div> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 88px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Class I Shares</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Management Fees*</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.10</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Distribution (12b-1) Fees</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">None</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Other Expenses*</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.81</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 6pt 0pt; width: 257px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Acquired Fund Fees and Expenses (AFFE)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 55px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0.58</span></p> </td> <td colspan="1" style="padding:0pt .7pt 6pt 0pt; width: 25px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 257px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Total Annual Fund Operating Expenses</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 55px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1.49</span></p> </td> <td colspan="1" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 2pt;border-bottom:solid windowtext 2pt; width: 25px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%^†​</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> <p style="margin:15pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:8pt; font-family: Arial, Helvetica;">^†​ Because the Market Growth Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.</span></p> 0.001 0 0.0081 0.0058 0.0149 Because the Market Growth Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. EXAMPLE <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </span></p> Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; width: 162px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 59px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">3 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 63px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 66px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 0pt 0pt; width: 162px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Market Growth Strategy Fund — Class I Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 32px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">152</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">471</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">813</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 19px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">$</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">1,779</span></p> </td> <td colspan="1" style="padding:4pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 152 471 813 1779 PORTFOLIO TURNOVER <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 16% of the average value of its portfolio.</span></p> 0.16 Principal Investment Strategies <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">Under normal circumstances, the Fund will seek to generate capital appreciation while maintaining broad equity and fixed income market participation. The Fund predominantly invests in other SEI funds (including exchange-traded funds (ETFs)), each of which has its own investment goal (the Underlying SEI Funds). The Underlying SEI Funds invest, in turn, in securities and other instruments of various asset classes. Each of the Underlying SEI Funds is managed by one or more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) under the supervision of SEI Investments Management Corporation (SIMC or the Adviser), or, in certain circumstances, is managed directly by SIMC.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets may be diversified across Underlying SEI equity funds, bond and money market funds, real estate funds and multi-asset funds. The equity funds may consist of a wide range of investment styles that provide investment exposure to U.S. and/or foreign equity securities of companies of various capitalization ranges. The bond funds may consist of a wide range of investment styles that provide exposure to U.S. and/or foreign fixed income securities of varying credit quality (including junk bonds), maturity and duration. The real estate funds provide exposure to the equity securities of real estate companies. The multi-asset funds consist of funds that seek to achieve their investment goals by selecting investments from among a broad range of asset classes. A multi-asset fund may also adjust its allocation among asset classes over short periods of time, and therefore it may provide the Fund with a dynamic investment component. Although a multi-asset fund could consist of equity securities, bonds or real estate securities, it may also provide exposure to additional asset classes, such as commodities.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The Fund's assets are allocated among a variety of Underlying SEI Funds within the following percentage ranges:</span></p> <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Underlying SEI Fund Type</span></p></td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 156px; text-align: center;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Investment Range<br/>(Percentage of the Fund's Assets)</span></td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">U.S. Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10-85</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Multi-Asset Investment Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-60</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Investment Grade Bond &amp; Money Market Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-50</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Non-Investment Grade Bond Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">International Equity Funds</span></span></p></td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-35</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:6pt .7pt 0pt 0pt; width: 166px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;"><span style="text-decoration:underline">Real Estate Funds</span></span></p></td> <td colspan="1"> </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 8px;" valign="bottom">  </td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 127px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">0-20</span></p></td> <td colspan="1" style="padding:6pt .7pt 0pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p></td> <td colspan="1" style="width: 8px;"> </td> </tr> </table> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Equity Market Risk</i> — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Fixed Income Market Risk</i> — The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, an Underlying SEI Fund's fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. In response to these events, the Underlying SEI Fund's and, in turn, the Fund's value may fluctuate and/or the Underlying SEI Fund and the Fund may experience increased redemptions from shareholders, which may impact the Underlying SEI Fund's and the Fund's liquidity or force the Underlying SEI Fund and the Fund to sell securities into a declining or illiquid market.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Investment Company Risk</i> — When the Fund or an Underlying SEI Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company's expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund or an Underlying SEI Fund had invested directly in the underlying investments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Asset Allocation Risk</i> — The risk that SIMC's decisions regarding asset classes and Underlying SEI Funds will not anticipate market trends successfully.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Small and Medium Capitalization Risk</i> — Small and medium capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small and medium capitalization stocks may be more volatile than those of larger companies. Small and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Large Capitalization Risk</i> — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Commodity Investments Risk</i> — Certain Underlying SEI Funds may invest a portion of their assets in a wholly owned subsidiary that is not registered under the Investment Company Act of 1940, as amended, and invests directly in commodities and commodity-related instruments. Other Underlying SEI Funds may have indirect exposure to commodities by investing in commodity-related instruments. 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 value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates, or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Short Sales Risk</i> — A short sale involves the sale of a security that an Underlying SEI Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales entered into by an Underlying SEI Fund expose the Fund to the risk that the Underlying SEI Fund will be required to buy a security sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Underlying SEI Fund and, therefore, the Fund, that is potentially unlimited. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the share price of an Underlying SEI Fund and, therefore, the Fund. Investment in short sales may also cause an Underlying SEI Fund to incur expenses related to borrowing securities. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>U.S. Government Securities Risk</i> — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Below Investment Grade Securities (Junk Bonds) Risk</i> — Fixed income securities rated below investment grade (junk bonds) involve greater risk of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate for these risks, they are sometimes referred to as "high yield bonds," but there is no guarantee that an investment in these securities will result in a high rate of return.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Interest Rate Risk</i> — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Underlying SEI Funds invest. Generally, the value of the Underlying SEI Funds' fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by an Underlying SEI Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Foreign Investment/Emerging Markets Risk</i> — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund or an Underlying SEI Fund to sell such investments at inopportune times, which could result in losses to the Fund or an Underlying SEI Fund.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Currency Risk</i> — As a result of the Fund's and certain Underlying SEI Funds' investments in securities or other investments denominated in, and/or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund or an Underlying SEI Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Real Estate Industry Risk</i> — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;"><i>Exchange-Traded Products Risk</i> — The risks of owning interests of an ETP, such as an ETF or exchange-traded commodity pool, generally reflect the same risks as owning the underlying securities or other instruments that the ETP is designed to track. The shares of certain ETPs may trade at a premium or discount to their intrinsic value (<i>i.e.</i>, the market value may differ from the net asset value of an ETP's shares). For example, supply and demand for shares of an ETF or market disruptions may cause the market price of the ETF to deviate from the value of the ETF's investments, which may be emphasized in less liquid markets. By investing in an ETP, the Fund or an Underlying SEI Fund indirectly bears the proportionate share of any fees and expenses of the ETP in addition to the fees and expenses that the Fund and its shareholders directly bear in connection with the Fund's operations. Because certain ETPs may have a significant portion of their assets exposed directly or indirectly to commodities or commodity-linked securities, developments affecting commodities may have a disproportionate impact on such ETPs and may subject the ETPs to greater volatility than investments in traditional securities.</span></p> You could lose money on your investment in the Fund, just as you could with other investments. <i>An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</i> Performance Information <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. For current performance information, please call 1-800-DIAL-SEI.</span></p> The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year for the past ten calendar years and by showing how the Fund's average annual returns for 1, 5 and 10 years, and since the Fund's inception, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-800-DIAL-SEI <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 8px; text-align: left;" valign="top"> <p style="margin:0pt 0pt 0pt 0pt"><img alt="" src="j26135954_bc007.jpg" style="-sec-ix-hidden: hidden-fact-23"/> </p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:12pt .7pt 6pt 0pt; width: 289px; text-align: left;" valign="bottom"> <span style="font-size:8pt; font-family: Arial, Helvetica;">Best Quarter: 12.74% (6/30/2020)<br/>Worst Quarter: -15.99% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 8.56%.<br/> <br/> <br/> <br/> <br/> <br/> </span> </td> <td colspan="1"> </td> </tr> </table> Best Quarter: 0.1274 2020-06-30 Worst Quarter: -0.1599 2020-03-31 Class I total return (pre-tax) 2026-06-30 0.0856 Average Annual Total Returns (for the periods ended December 31, 2025) <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">This table compares the Fund's average annual total returns for Class I Shares to those of the S&amp;P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 40%/35%/25%.</span></p> <p style="margin:0pt 0pt 6pt 0pt; text-align: left;"><span style="font-size:10pt; font-family: Arial, Helvetica;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. </span></p> This table compares the Fund's average annual total returns for Class I Shares to those of the S&P 500 Index (a broad-based securities market index) and an additional index with characteristics relevant to the Fund's investment strategy. The Fund's additional index is the Fund's blended benchmark that is composed of the Bloomberg U.S. Aggregate Bond Index, the Russell 3000 Index and the MSCI ACWI ex-USA Index, weighted 40%/35%/25%. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on 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. <table border="0" cellpadding="0" style="border-spacing: 0px;" width="100%"> <tr> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">Market Growth Strategy Fund — Class I</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 62px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">1 Year</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 65px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">5 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 68px; text-align: center;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:7pt; font-family: Arial, Helvetica;">10 Years</span></p> </td> <td colspan="1"> </td> <td colspan="3" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt; width: 80px; text-align: center;" valign="bottom"> <span style="font-size:7pt; font-family: Arial, Helvetica;">Since<br/>Inception<br/>(11/17/2003)</span> </td> <td colspan="1"> </td> </tr> <tr> <td colspan="3" style="padding:4pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return Before Taxes</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.39</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.94</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.93</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.61</span></p> </td> <td colspan="1" style="padding:4pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">15.63</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.81</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">5.35</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.29</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Return After Taxes on Distributions and Sale of Fund Shares</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.73</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">3.90</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">4.06</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">S&amp;P 500 Index Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">17.88</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.42</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">14.82</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">10.97</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px;"> </td> </tr> <tr> <td colspan="3" style="padding:0pt .7pt 4pt 0pt; width: 264px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt"><span style="font-size:8pt; font-family: Arial, Helvetica;">Blended Benchmark Return (reflects no deduction for fees, expenses or taxes)</span></p> </td> <td colspan="1" style="background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 33px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">16.81</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 36px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">6.49</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 39px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">8.07</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 8px; background-color: #cceeff;" valign="bottom"> <span style="-keep: true">   </span> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 51px; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">7.19</span></p> </td> <td colspan="1" style="padding:0pt .7pt 4pt 0pt; width: 21px; background-color: #cceeff; text-align: left;" valign="bottom"> <p style="margin:0pt 0pt 0pt 0pt; white-space:nowrap"><span style="font-size:8pt; font-family: Arial, Helvetica;">%</span></p> </td> <td colspan="1" style="width: 8px; background-color: #cceeff;"> </td> </tr> </table> 2003-11-17 Return Before Taxes 0.1739 0.0594 0.0693 0.0561 Return After Taxes on Distributions 0.1563 0.0381 0.0535 0.0429 Return After Taxes on Distributions and Sale of Fund Shares 0.1073 0.039 0.0497 0.0406 S&P 500 Index Return (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.1097 Blended Benchmark Return (reflects no deduction for fees, expenses or taxes) 0.1681 0.0649 0.0807 0.0719 0.0256 0.0281 -0.0026 0.0626 0.0272 0.0235 -0.0356 0.0515 0.0512 0.0629 0.1293 0.0969 -0.0329 0.1984 -0.1954 0.0156 -0.0158 0.0598 0.0535 0.0446 0.0426 0.0524 -0.0167 0.0951 0.0291 0.0439 -0.0608 0.0616 0.0582 0.0844 0.1251 0.0989 -0.0333 0.2064 -0.0436 0.1554 -0.0824 0.0876 0.1057 0.0682 0.0660 0.0845 -0.0354 0.1399 0.0366 0.0741 -0.0967 0.0680 0.0640 0.1145 0.1053 0.1432 -0.0487 0.2276 -0.0241 0.1623 -0.0610 0.0824 0.1193 0.1049 0.0856 0.1879 -0.0987 0.2221 0.1116 0.1231 -0.1696 0.1442 0.1256 0.2203 0.0808 0.2013 -0.0888 0.2442 0.1126 0.2097 -0.1430 0.1614 0.1202 0.1847 0.0752 0.1176 -0.0623 0.1714 0.0886 0.0804 -0.1466 0.0998 0.0785 0.1511 0.0812 0.2007 -0.0891 0.2443 0.1121 0.2091 -0.1433 0.1616 0.1200 0.1842 0.0791 0.1429 -0.0771 0.1913 0.0935 0.1018 -0.1493 0.1164 0.0974 0.1772 0.0810 0.2012 -0.0888 0.2442 0.1124 0.2092 -0.1426 0.1611 0.1199 0.1843 0.0256 0.0281 -0.0026 0.0626 0.0272 0.0235 -0.0356 0.0515 0.0512 0.0629 0.0348 0.0453 -0.0249 0.0869 0.0214 0.0346 -0.0664 0.0526 0.0502 0.0762 0.0582 0.0764 -0.0426 0.1307 0.0297 0.0661 -0.1029 0.0600 0.0551 0.1072 0.0770 0.1797 -0.1054 0.2124 0.1034 0.1150 -0.1757 0.1358 0.1174 0.2105 0.0752 0.1176 -0.0623 0.1714 0.0886 0.0804 -0.1466 0.0998 0.0785 0.1511 0.0713 0.1347 -0.0836 0.1814 0.0862 0.0930 -0.1554 0.1084 0.0885 0.1686 0.0221 0.0256 -0.0061 0.0610 0.0251 0.0206 -0.0387 0.0489 0.0486 0.0605 0.0403 0.0513 -0.0207 0.0937 0.0262 0.0412 -0.0623 0.0585 0.0552 0.0813 0.0624 0.0830 -0.0385 0.1366 0.0345 0.0716 -0.0983 0.0648 0.0609 0.1119 0.0834 0.1843 -0.1010 0.2190 0.1088 0.1212 -0.1725 0.1428 0.1232 0.2163 0.0735 0.1149 -0.0619 0.1791 0.0962 0.0782 -0.1389 0.1046 0.0817 0.1547 0.0766 0.1404 -0.0798 0.1886 0.0908 0.0992 -0.1512 0.1129 0.0950 0.1739 <table border="0" width="100%" cellpadding="0"> <tr> <td colspan="3" valign="bottom"><span>Best Quarter: 3.24% (12/31/2023)<br/>Worst Quarter: -2.70% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 1.86%.</span></td> </tr> </table> <p>Best Quarter: 10.12% (3/31/2019)<br/>Worst Quarter: -22.83% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 1.66%.</p> <p>Best Quarter: 4.98% (6/30/2020)<br/>Worst Quarter: -6.54% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 2.41%.</p> <p>Best Quarter: 10.54% (3/31/2019)<br/>Worst Quarter: -20.70% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 4.36%.</p> <table border="0" width="100%" cellpadding="0"> <tr> <td colspan="3" valign="bottom"><span>Best Quarter: 7.10% (6/30/2020)<br/>Worst Quarter: -10.05% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 4.15%.</span></td> </tr> </table> <p>Best Quarter: 11.20% (6/30/2020)<br/>Worst Quarter: -22.05% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 4.41%.</p> <table border="0" width="100%" cellpadding="0"> <tr> <td colspan="3" valign="bottom"><span>Best Quarter: 15.83% (6/30/2020)<br/>Worst Quarter: -19.73% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 11.01%.</span></td> </tr> </table> <table border="0" width="100%" cellpadding="0"> <tr> <td colspan="3" valign="bottom"><span>Best Quarter: 18.35% (6/30/2020)<br/>Worst Quarter: -22.88% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 9.27%.</span></td> </tr> </table> <table border="0" width="100%" cellpadding="0"> <tr> <td colspan="3" valign="bottom"><span>Best Quarter: 11.01% (6/30/2020)<br/>Worst Quarter: -13.12% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 7.00%.<br/></span></td> </tr> </table> <p>Best Quarter: 18.33% (6/30/2020)<br/>Worst Quarter: -22.91% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 9.30%.</p> <p>Best Quarter: 12.89% (6/30/2020)<br/>Worst Quarter: -15.97% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 8.58%.</p> <p>Best Quarter: 18.33% (6/30/2020)<br/>Worst Quarter: -22.92% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 9.30%.</p> <table border="0" width="100%" cellpadding="0"> <tr> <td colspan="3" valign="bottom"><span>Best Quarter: 3.24% (12/31/2023)<br/>Worst Quarter: -2.70% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 1.86%.<br/></span></td> </tr> </table> <p>Best Quarter: 4.88% (6/30/2020)<br/>Worst Quarter: -6.72% (3/31/2020)<br/>The Fund's Class D total return (pre-tax) from January 1, 2026 to June 30, 2026 was 2.02%.</p> <p>Best Quarter: 6.89% (6/30/2020)<br/>Worst Quarter: -10.14% (3/31/2020)<br/>The Fund's Class D total return (pre-tax) from January 1, 2026 to June 30, 2026 was 3.77%.</p> <table border="0" width="100%" cellpadding="0"> <tr> <td colspan="3" valign="bottom"><span>Best Quarter: 15.59% (6/30/2020)<br/>Worst Quarter: -19.83% (3/31/2020)<br/>The Fund's Class D total return (pre-tax) from January 1, 2026 to June 30, 2026 was 10.67%.<br/></span></td> </tr> </table> <table border="0" width="100%" cellpadding="0"> <tr> <td colspan="3" valign="bottom"><span>Best Quarter: 11.01% (6/30/2020)<br/>Worst Quarter: -13.12% (3/31/2020)<br/>The Fund's Class F total return (pre-tax) from January 1, 2026 to June 30, 2026 was 7.00%.</span></td> </tr> </table> <p>Best Quarter: 12.62% (6/30/2020)<br/>Worst Quarter: -16.04% (3/31/2020)<br/>The Fund's Class D total return (pre-tax) from January 1, 2026 to June 30, 2026 was 8.22%.</p> <p>Best Quarter: 3.17% (12/31/2023)<br/>Worst Quarter: -2.85% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 1.73%.</p> <p>Best Quarter: 4.91% (6/30/2020)<br/>Worst Quarter: -6.59% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 2.28%.</p> <p>Best Quarter: 6.99% (6/30/2020)<br/>Worst Quarter: -10.00% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 4.01%.</p> <p>Best Quarter: 15.81% (6/30/2020)<br/>Worst Quarter: -19.77% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 10.93%.</p> <p>Best Quarter: 11.33% (6/30/2020)<br/>Worst Quarter: -13.06% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 7.09%.</p> <p>Best Quarter: 12.74% (6/30/2020)<br/>Worst Quarter: -15.99% (3/31/2020)<br/>The Fund's Class I total return (pre-tax) from January 1, 2026 to June 30, 2026 was 8.56%.</p> 485BPOS 0001003632 false Because the Defensive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Defensive Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Conservative Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Conservative Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Moderate Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Moderate Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Tax-Managed Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Core Market Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Core Market Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Market Growth Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Market Growth Strategy Allocation Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Defensive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Conservative Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. The Fund's Class D Shares commenced operations on March 25, 2011. For periods prior to March 25, 2011, the performance of the Fund's Class F Shares, adjusted for the higher total annual fund operating expenses of the Class D Shares has been used. Returns for Class D Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class D Shares have higher total annual fund operating expenses than Class F Shares. Because the Moderate Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. The Fund's Class D Shares commenced operations on March 25, 2011. For periods prior to March 25, 2011, the performance of the Fund's Class F Shares, adjusted for the higher total annual fund operating expenses of the Class D Shares has been used. Returns for Class D Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class D Shares have higher total annual fund operating expenses than Class F Shares. Because the Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. The Fund's Class D Shares commenced operations on March 25, 2011. For periods prior to March 25, 2011, the performance of the Fund's Class F Shares, adjusted for the higher total annual fund operating expenses of the Class D Shares has been used. Returns for Class D Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class D Shares have higher total annual fund operating expenses than Class F Shares. Because the Core Market Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Market Growth Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. The Fund's Class D Shares commenced operations on March 25, 2011. For periods prior to March 25, 2011, the performance of the Fund's Class F Shares, adjusted for the higher total annual fund operating expenses of the Class D Shares has been used. Returns for Class D Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class D Shares have higher total annual fund operating expenses than Class F Shares. Because the Defensive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Conservative Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Moderate Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. Because the Aggressive Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds. The operating expenses in this fee table will not correlate to the expense ratio in the financial statements for the Core Market Strategy Fund (Fund). The financial statements include direct operating expenses incurred by the Fund. Due to the de minimis asset levels of Class I during the most recent fiscal year, the expenses in this table are estimates, based on expenses incurred by the Fund's other share classes, as adjusted for Class I expenses. In addition, the fee table includes AFFE for the most recent fiscal year, but the financial statements do not include the indirect costs of investing in underlying funds. Because the Market Growth Strategy Fund (Fund) incurred AFFE during the most recent fiscal year, the operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial statements (or the "Financial Highlights" section in the prospectus) because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in underlying funds.