DEFA14A 1 a2094890zdefa14a.txt DEFA14A SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 [ X ] Filed by the Registrant [ ] Filed by a Party other than the Registrant Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [ X ] Definitive Additional Materials [ ] Soliciting Material Pursuant to ss.240.14a-11(c) or ss.240.14a-12 SEI Daily Income Trust ---------------------- (NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) SEI Daily Income Trust ---------------------- (NAME OF PERSON(S) FILING PROXY STATEMENT, IF OTHER THAN THE REGISTRANT ) Payment of Filing Fee (Check the appropriate box): [ X ] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: ------------------------------------------------------------------------- (2) Aggregated number of securities to which transaction applies: ------------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: ------------------------------------------------------------------------- (5) Total fee paid: [ ] Fee paid previously preliminary materials: [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Dated Filed: BANC OF AMERICA CAPITAL MANAGEMENT, LLC. (BACAP) SUMMARY - SEI Funds Board of Trustee's is recommending that shareholders vote to replace Wellington Management Company, LLP with SEI Investments Management Corporation (SIMC) as advisor, and Banc of America Capital Management, LLC as sub-advisor to SEI's taxable money market funds. - SEI launched a manager search to review portfolio managers for which money market funds were a primary business focus, and investments were commensurate with this focus. - BACAP was selected from a field of highly regarded candidates to assume management of all of SEI's taxable money market funds, pending shareholder approval of SIMC as advisor to SEI's taxable money market funds. The transition of management will occur prior to shareholder vote. Banc of America Capital Management's strengths in assuming this mandate lie primarily in their: - size and scalability - unparalleled risk management system - unique approach to cash management - strong commitment to the business Banc of America Capital Management is the most attractive candidate based on the firm's size, experienced and broad 2a-7 team, proprietary risk model, and technology. BACAP's consistent adherence to its investment process is reflected in the firm's impressive relative performance, clean credit record, and strong asset growth. Strategic investments in cash products, including dedicated credit and risk managers, serve to increase their strength and our confidence in this organization. BACAP has expanded their business and staff accordingly, which has increased their bench strength and firm resources surrounding the money market products. STYLE: US dollar based money market SUB-STYLE/MANDATE: US dollar based prime, government and treasury style money market funds PERFORMANCE SUMMARY
2Q02 2Q01 2001 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- ---- ---- ---- BACAP/Nations Cash Reserves 2.09 2.21 4.34 6.47 5.30 5.64 5.68 5.50 SDIT Money Market 1.87 1.88 4.20 6.41 5.20 5.60 5.66 5.49 SDIT Prime Obligation 1.87 1.89 4.21 6.42 5.26 5.59 5.63 5.46 First Tier Institutional* 1.99 2.08 4.29 6.42 5.24 5.59 5.64 5.47
* represents iMoneyNet's First Tier Institutional Current category for money market funds. BACAP IS PROPOSED TO JOIN THE FOLLOWING MONEY MARKET FUNDS: SEI DAILY INCOME TRUST: Money Market Fund, Prime Obligation, Government, Government II, Treasury, Treasury II SEI LIQUID ASSET TRUST: Treasury Securities, Government Securities, Prime Obligation MONEY MARKET TARGET ALLOCATIONS:
MANAGER MANDATE ALLOCATION ----------------------------------------------------------------------- BACAP taxable money market 100%
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