Annual Report - SEI

Income 20/80 Fund
Statements of Net Assets
AS AT DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
ASSETS
Investments at fair value $ 26,168 $ 20,654
Cash including foreign currency holdings,
at fair value 429 70
Accrued income from funds 18 14
Receivable for unit subscriptions 45 36
26,660 20,774
LIABILITIES
Accrued liabilities 17 13
Payable for unit redemptions 53 4
70 17
NET ASSETS REPRESENTING
UNITHOLDERS’ EQUITY $ 26,590 $ 20,757
NET ASSETS PER CLASS
(Class O) $ 1,685 $ 1,550
(Class I) $ 5,100 $ 4,674
(Class P) $ 8,291 $ 7,043
(Class F) $ 54 $ 162
(Class R) $ 8,255 $ 7,328
(Class S) $ 3,205 $ —
NET ASSETS PER UNIT (note 7)
(Class O) $ 3.93 $ 3.68
(Class I) $ 4.94 $ 4.60
(Class P) $ 4.86 $ 4.54
(Class F) $ 4.16 $ 3.86
(Class R) $ 3.91 $ 3.66
(Class S) $ 4.81 $ —
INVESTMENTS AT AVERAGE COST $ 26,023 $ 22,732
Statements of Operations
FOR THE YEARS ENDED DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
INVESTMENT INCOME
Interest $ — $ 1
Distributions from mutual funds 928 1,308
928 1,309
EXPENSES
Custodian and administration fees 26 20
Legal fees 27 17
Audit fees — 1
Management fees 156 105
Independent Review Committee fees 1 1
Securityholder reporting costs 9 9
219 153
Waived expenses (31) (16)
188 137
NET INVESTMENT INCOME (LOSS)
FOR THE PERIOD $ 740 $ 1,172
NET GAIN (LOSS) ON SALES OF SECURITIES $ (643) $ (32)
UNREALIZED APPRECIATION (DEPRECIATION)
OF INVESTMENTS $ 2,223 $ (1,886)
NET GAIN (LOSS) ON INVESTMENTS $ 1,580 $ (1,918)
NET INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS $ 2,320 $ (746)
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS
(Class O) $ 172 $ 180
(Class I) $ 494 $ (154)
(Class P) $ 770 $ (323)
(Class F) $ 7 $ (3)
(Class R) $ 792 $ (446)
(Class S) $ 85 $ —
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS PER UNIT*
(Class O) $ 0.39 $ 0.15
(Class I) $ 0.46 $ (0.17)
(Class P) $ 0.43 $ (0.28)
(Class F) $ 0.26 $ (0.17)
(Class R) $ 0.38 $ (0.28)
(Class S) $ 0.41 $ —
* Based on the weighted average number of units outstanding during the period.
SDIF
(See accompanying notes)
136