Annual Report - SEI

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Canadian Equity Fund Statements of Net Assets AS AT DECEMBER 31 (in thousands of dollars except per unit data) 2009 2008 ASSETS Investments at fair value $ 2,413,614 $ 1,841,181 Cash including foreign currency holdings, at fair value 15,762 27,282 Accrued dividends receivable 5,030 4,350 Receivable for portfolio securities sold 3,911 4,257 Margin receivable on futures — 2,118 Receivable for unit subscriptions 856 1,539 Unrealized appreciation on futures contracts 105 4,152 2,439,278 1,884,879 LIABILITIES Accrued liabilities 436 1,117 Payable for portfolio securities purchased 7,835 24,168 Margin payable on futures 98 — Payable for unit redemptions 4,912 6,884 13,281 32,169 NET ASSETS REPRESENTING UNITHOLDERS’ EQUITY $ 2,425,997 $ 1,852,710 NET ASSETS PER CLASS (Class O) $ 2,343,001 $ 1,762,811 (Class I) $ 417 $ 21,028 (Class P) $ 71,099 $ 61,615 (Class F) $ 11,480 $ 7,256 NET ASSETS PER UNIT (note 7) (Class O) $ 20.15 $ 14.92 (Class I) $ 20.45 $ 14.96 (Class P) $ 21.07 $ 15.64 (Class F) $ 22.56 $ 16.73 INVESTMENTS AT AVERAGE COST $ 2,128,772 $ 2,295,893 Statements of Operations FOR THE YEARS ENDED DECEMBER 31 (in thousands of dollars except per unit data) 2009 2008 INVESTMENT INCOME Dividends $ 61,132 $ 52,253 Interest 775 4,785 61,907 57,038 Foreign withholding taxes (20) (26) 61,887 57,012 EXPENSES Custodian and administration fees 1,672 2,529 Legal fees 74 107 Audit fees 70 96 Management fees 1,650 1,806 Trustee fees 17 30 Independent Review Committee fees 1 2 Security holder reporting costs 51 102 3,535 4,672 NET INVESTMENT INCOME (LOSS) FOR THE PERIOD $ 58,352 $ 52,340 NET GAIN (LOSS) ON SALES OF SECURITIES $ (71,380) $ (49,351) NET REALIZED GAIN (LOSS) ON FUTURES AND FORWARDS $ (3,466) $ (17,339) NET GAIN (LOSS) ON FOREIGN EXCHANGE $ (66) $ 34 TRANSACTION COSTS $ (3,788) $ (4,369) UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENTS $ 739,608 $ (890,055) UNREALIZED APPRECIATION (DEPRECIATION) ON FUTURES AND FORWARD CONTRACTS $ (4,047) $ 3,859 NET GAIN (LOSS) ON INVESTMENTS $ 656,861 $ (957,221) NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS $ 715,213 $ (904,881) INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS (Class O) $ 688,175 $ (859,769) (Class I) $ 4,132 $ (11,821) (Class P) $ 19,820 $ (30,173) (Class F) $ 3,086 $ (3,118) INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS PER UNIT* (Class O) $ 5.67 $ (8.46) (Class I) $ 5.30 $ (8.59) (Class P) $ 5.47 $ (9.74) (Class F) $ 6.22 $ (9.75) * Based on the weighted average number of units outstanding during the period. (See accompanying notes) SCEF 12
Canadian Equity Fund Statements of Changes in Net Assets FOR THE YEARS ENDED DECEMBER 31 (in thousands of dollars except per unit data) Fund Total Class O 2009 2008 2009 2008 NET ASSETS – BEGINNING OF PERIOD $ 1,852,710 $ 2,563,483 $ 1,762,811 $ 2,462,622 INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS 715,213 (904,881) 688,175 (859,769) DISTRIBUTIONS TO UNITHOLDERS Out of net investment income ≠ (48,848) (37,101) (48,641) (36,722) Out of net realized capital gains — (6,783) — (6,669) (48,848) (43,884) (48,641) (43,391) CHANGES DUE TO UNITHOLDER TRANSACTIONS Proceeds from issue of units 458,168 836,667 432,837 768,967 Payments on redemption of units (599,774) (642,266) (540,521) (608,730) Reinvestment of distributions ≠ 48,528 43,591 48,340 43,112 (93,078) 237,992 (59,344) 203,349 CHANGES IN NET ASSETS 573,287 (710,773) 580,190 (699,811) NET ASSETS, END OF PERIOD $ 2,425,997 $ 1,852,710 $ 2,343,001 $ 1,762,811 ≠ Includes management fee distributions representing a rebate of the management fee to certain unitholders in Class I in 2009 and 2008. Class I Class P 2009 2008 2009 2008 NET ASSETS – BEGINNING OF PERIOD $ 21,028 $ 32,963 $ 61,615 $ 61,174 INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS 4,132 (11,821) 19,820 (30,173) DISTRIBUTIONS TO UNITHOLDERS Out of net investment income ≠ (43) (313) — — Out of net realized capital gains — (91) — — (43) (404) — — CHANGES DUE TO UNITHOLDER TRANSACTIONS Proceeds from issue of units 1,617 2,722 18,117 58,051 Payments on redemption of units (26,347) (2,828) (28,453) (27,437) Reinvestment of distributions ≠ 30 396 — — (24,700) 290 (10,336) 30,614 CHANGES IN NET ASSETS (20,611) (11,935) 9,484 441 NET ASSETS, END OF PERIOD $ 417 $ 21,028 $ 71,099 $ 61,615 Class F 2009 2008 NET ASSETS – BEGINNING OF PERIOD $ 7,256 $ 6,724 INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS 3,086 (3,118) DISTRIBUTIONS TO UNITHOLDERS Out of net investment income (164) (66) Out of net realized capital gains — (23) (164) (89) CHANGES DUE TO UNITHOLDER TRANSACTIONS Proceeds from issue of units 5,597 6,927 Payments on redemption of units (4,453) (3,271) Reinvestment of distributions 158 83 1,302 3,739 CHANGES IN NET ASSETS 4,224 532 NET ASSETS, END OF PERIOD $ 11,480 $ 7,256 SCEF (See accompanying notes) 13
Page 1 and 2: Annual Report for the period ended
Page 5: March 9, 2010 Auditors’ Report Pr
Page 8 and 9: Canadian Equity Fund Statement of I
Page 10 and 11: Canadian Equity Fund Summary of Inv
Page 14 and 15: Canadian Small Company Equity Fund
Page 20 and 21: U.S. Large Company Equity Fund Stat
Page 32 and 33: U.S. Small Company Equity Fund Stat
Page 40 and 41: U.S. Small Company Equity Fund Summ
Page 44 and 45: EAFE Equity Fund Statement of Inves
Page 56 and 57: EAFE Equity Fund Notes to Statement
Page 58 and 59: EAFE Equity Fund Statements of Net
Page 60 and 61: Emerging Markets Equity Fund Statem
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Emerging Markets Equity Fund Statem
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Emerging Markets Equity Fund Summar
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Canadian Fixed Income Fund Statemen
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Canadian Fixed Income Fund Interest
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Long Duration Bond Fund Statement o
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Long Duration Bond Fund Statements
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Real Return Bond Fund Statement of
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Real Return Bond Fund Statements of
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Short Term Bond Fund Statement of I
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Short Term Bond Fund Notes to State
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Short Term Bond Fund Statements of
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U.S. High Yield Bond Fund Statement
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Money Market Fund Statement of Inve
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Money Market Fund Statements of Net
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International Synthetic Fund Statem
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International Synthetic Fund Notes
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International Synthetic Fund Statem
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U.S. Large Cap Synthetic Fund SCHED
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U.S. Large Cap Synthetic Fund State
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U.S. MidCap Synthetic Fund Statemen
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U.S. MidCap Synthetic Fund Notes to
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U.S. MidCap Synthetic Fund Statemen
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Enhanced Global Bond Fund Statement
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Enhanced Global Bond Fund Statement
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Income 100 Fund Statement of Invest
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Income 100 Fund Statements of Net A
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Income 20/80 Fund Statement of Inve
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Income 20/80 Fund Statements of Net
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Income 20/80 Fund Statements of Cha
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Income 30/70 Fund Notes to Statemen
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Conservative Monthly Income Fund No
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Conservative Monthly Income Fund St
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Income 40/60 Fund Notes to Statemen
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Balanced 50/50 Fund Statement of In
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Balanced 50/50 Fund Statements of N
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Balanced 60/40 Fund Statement of In
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Balanced 60/40 Fund Statements of N
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Balanced 60/40 Fund Statements of C
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Balanced Monthly Income Fund Notes
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Balanced Monthly Income Fund Statem
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Growth 70/30 Fund Notes to Statemen
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Growth 70/30 Fund Statements of Cha
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Growth 80/20 Fund Notes to Statemen
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Growth 80/20 Fund Statements of Cha
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Growth 100 Fund Statement of Invest
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Growth 100 Fund Statements of Net A
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Growth 100 Fund Statements of Chang
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Global Growth 100 Fund Notes to Sta
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Global Growth 100 Fund Statements o
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Notes to Financial Statements FOR T
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Annual Report - SEI

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