SEI Institutional Managed Trust Tax Managed Large Cap Fund

Under typical circumstances, this fund dedicates a minimum of 80% of its net assets (including any borrowed capital used for investment purposes) to equity holdings of substantial corporations. For this fund's investment criteria, a "large company" is characterized by a market capitalization that falls within the range of companies comprising the Russell 1000 Index at the specific moment of purchase. The fund also retains the flexibility to invest up to one-fifth (20%) of its total assets in international securities.