SIIT WORLD EQUITY EX-US FUND

The fund invests at least 80% of its assets in equity securities of foreign companies across developed and emerging markets, with emerging markets capped at 35% of assets, and is managed by multiple sub-advisers with differing strategies under SEI Investments Management Corporation's supervision. One or more sub-advisers may employ long/short equity strategies, taking long positions in securities believed undervalued and short positions in those believed overvalued, while also actively managing foreign currency exposure through options, futures, and forward contracts. Because security selection on both long and short sides drives returns, performance depends on the sub-advisers' ability to identify mispriced securities and currency movements.