SEI Select Emerging Markets Equity ETF

SEI Select Emerging Markets Equity ETF (SEEM) is an actively managed fund, launched in October 2024, that held about 264 emerging-market stocks as of June 30, 2026, led by Taiwan and South Korea. SEI picks and weights them with a computer model built on value, momentum, quality and low-volatility signals, plus ideas from outside sub-advisers. Its 0.60% expense ratio is more than double the 0.26% average of similar funds.

• Over the year to Oct 27, 2026, SEEM returned +19.7%, 2nd of 9 among similar funds.
• Its worst full calendar year was 2025 (+38.1%); its best was 2025 (+38.1%).
• The deepest fall in its price history was 14.3% (Mar 17, 2025 to Apr 8, 2025), recovered by May 2, 2025.

As of Jun 30, 2026, the fund held 264 securities; the ten largest made up 35.95% of assets.

• Over the three months to Jun 30, 2026, investors added a net $35.0M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -0.88%, +9.87%, +14.91%.

SEEM does not track an index. It must keep at least 80% of its net assets in stocks of emerging-market companies of any size. It can hold them directly, through depositary receipts (certificates traded on a foreign exchange that stand for local shares), or through participation notes (contracts that pass along a stock's return). It must hold companies from at least six countries but can concentrate in a few. The prospectus expects China to be a large exposure. That can include mainland 'A-shares' bought through the Stock Connect link with Hong Kong, and companies held through variable interest entities, a legal structure that gives foreign investors economic exposure without direct ownership.

The adviser, SEI Investments Management Corporation, runs a quantitative model that scores every stock in the emerging-markets universe on 'factors' such as value (cheap prices), momentum (rising prices), quality (strong finances) and low volatility (steadier prices). SEI decides which factors to use, how much each stock gets, and when to tilt toward a factor. Outside sub-advisers send model portfolios of their own picks. SEI can use those lists in whole or in part, or ignore them, and it alone sets the final holdings and weights.

The prospectus sets no fixed rebalancing schedule. Portfolio turnover was 90%, so the fund trades heavily, and those trading costs are not included in the expense ratio. As of June 30, 2026, it held no derivatives and had 2.2% in another emerging-markets fund.

• SEEM charges 0.6% a year, versus an average of 0.26% for the similar funds below (8th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $61 in the first year and $750 over 10 years (assuming a 5% annual return).

It is a costly, actively managed emerging-markets fund that leans heavily on a few Asian chipmakers, and its record is too short to show how it holds up in a bear market.

SEEM can add emerging-market stocks to a portfolio, with a heavy tilt toward Asian technology. As of June 30, 2026, Taiwan Semiconductor (11.4%), Samsung Electronics (7.1%) and SK hynix (4.9%) were its top holdings. The fund launched in October 2024, so it missed the 2008, 2020 and 2022 downturns. Its only full calendar year, 2025, returned 36.74%. Its deepest drop was 14.3%, from March 17 to April 8, 2025, and it recovered by May 2, 2025. That is a brief, mild test. One-year volatility was 24.8%, so anyone who has to sell shares in a slump could lock in a loss. The trailing yield was 2.98% as of October 27, 2026, paid quarterly. Costs are high: about $61 in the first year and $750 over 10 years on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.