Annual Report - SEI
Annual Report - SEI
Annual Report - SEI
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Income 40/60 Fund<br />
Statements of Net Assets<br />
AS AT DECEMBER 31<br />
(in thousands of dollars except per unit data)<br />
2009 2008<br />
ASSETS<br />
Investments at fair value $ 148,109 $ 122,602<br />
Cash including foreign currency holdings,<br />
at fair value 678 424<br />
Accrued income from mutual funds 50 41<br />
Receivable for unit subscriptions 233 3,005<br />
149,070 126,072<br />
LIABILITIES<br />
Accrued liabilities 80 111<br />
Payable for unit redemptions 469 302<br />
549 413<br />
NET ASSETS REPRESENTING<br />
UNITHOLDERS’ EQUITY $ 148,521 $ 125,659<br />
NET ASSETS PER CLASS<br />
(Class O) $ 4,406 $ 3,840<br />
(Class I) $ 764 $ 728<br />
(Class P) $ 42,033 $ 32,176<br />
(Class F) $ 292 $ 508<br />
(Class R) $ 96,204 $ 88,407<br />
(Class S) $ 4,822 $ —<br />
NET ASSETS PER UNIT (note 7)<br />
(Class O) $ 4.72 $ 4.28<br />
(Class I) $ 5.48 $ 4.95<br />
(Class P) $ 4.79 $ 4.35<br />
(Class F) $ 4.85 $ 4.38<br />
(Class R) $ 4.62 $ 4.18<br />
(Class S) $ 4.75 $ —<br />
INVESTMENTS AT AVERAGE COST $ 148,297 $ 140,100<br />
Statements of Operations<br />
FOR THE YEARS ENDED DECEMBER 31<br />
(in thousands of dollars except per unit data)<br />
2009 2008<br />
INVESTMENT INCOME<br />
Interest $ — $ 4<br />
Distributions from mutual funds 4,648 6,909<br />
4,648 6,913<br />
EXPENSES<br />
Custodian and administration fees 108 125<br />
Legal fees 21 19<br />
Audit fees 2 5<br />
Management fees 765 698<br />
Trustee fees 1 1<br />
Independent Review Committee fees 1 1<br />
Securityholder reporting costs 5 14<br />
903 863<br />
Waived expenses (75) —<br />
828 863<br />
NET INVESTMENT INCOME (LOSS)<br />
FOR THE PERIOD $ 3,820 $ 6,050<br />
NET GAIN (LOSS) ON SALES OF SECURITIES $ (4,292) $ (172)<br />
UNREALIZED APPRECIATION (DEPRECIATION)<br />
OF INVESTMENTS $ 17,310 $ (20,287)<br />
NET GAIN (LOSS) ON INVESTMENTS $ 13,018 $ (20,459)<br />
NET INCREASE (DECREASE) IN NET ASSETS<br />
FROM OPERATIONS $ 16,838 $ (14,409)<br />
INCREASE (DECREASE) IN NET ASSETS<br />
FROM OPERATIONS<br />
(Class O) $ 535 $ 649<br />
(Class I) $ 92 $ (75)<br />
(Class P) $ 4,081 $ (4,164)<br />
(Class F) $ 49 $ (47)<br />
(Class R) $ 11,849 $ (10,772)<br />
(Class S) $ 232 $ —<br />
INCREASE (DECREASE) IN NET ASSETS<br />
FROM OPERATIONS PER UNIT*<br />
(Class O) $ 0.62 $ 0.06<br />
(Class I) $ 0.64 $ (0.11)<br />
(Class P) $ 0.52 $ (0.62)<br />
(Class F) $ 0.52 $ (0.55)<br />
(Class R) $ 0.58 $ (0.58)<br />
(Class S) $ 0.64 $ —<br />
* Based on the weighted average number of units outstanding during the period.<br />
SBIF<br />
(See accompanying notes)<br />
149
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