Annual Report - SEI
Annual Report - SEI
Annual Report - SEI
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Growth 70/30 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 $ 177,702 $ 152,509<br />
Cash including foreign currency holdings,<br />
at fair value 1,000 382<br />
Receivable for unit subscriptions 118 314<br />
178,820 153,205<br />
LIABILITIES<br />
Accrued liabilities 219 295<br />
Payable for unit redemptions 123 473<br />
342 768<br />
NET ASSETS REPRESENTING<br />
UNITHOLDERS’ EQUITY $ 178,478 $ 152,437<br />
NET ASSETS PER CLASS<br />
(Class O) $ 12,057 $ 10,205<br />
(Class I) $ — $ 1<br />
(Class P) $ 104,886 $ 93,501<br />
(Class F) $ 2,413 $ 1,121<br />
(Class R) $ 59,122 $ 47,609<br />
NET ASSETS PER UNIT (note 7)<br />
(Class O) $ 4.32 $ 3.72<br />
(Class I) $ — $ 4.70<br />
(Class P) $ 4.98 $ 4.28<br />
(Class F) $ 4.42 $ 3.81<br />
(Class R) $ 4.30 $ 3.70<br />
INVESTMENTS AT AVERAGE COST $ 184,933 $ 191,963<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 $ 2 $ 5<br />
Distributions from mutual funds 5,000 6,044<br />
5,002 6,049<br />
EXPENSES<br />
Custodian and administration fees 101 194<br />
Legal fees 16 24<br />
Audit fees 3 7<br />
Management fees 2,264 2,545<br />
Trustee fees 1 2<br />
Independent Review Committee fees 1 2<br />
Securityholder reporting costs 8 18<br />
2,394 2,792<br />
Waived expenses (41) —<br />
2,353 2,792<br />
NET INVESTMENT INCOME (LOSS)<br />
FOR THE PERIOD $ 2,649 $ 3,257<br />
NET GAIN (LOSS) ON SALES OF SECURITIES $ (7,361) $ (999)<br />
UNREALIZED APPRECIATION (DEPRECIATION)<br />
OF INVESTMENTS $ 32,224 $ (47,596)<br />
NET GAIN (LOSS) ON INVESTMENTS $ 24,863 $ (48,595)<br />
NET INCREASE (DECREASE) IN NET ASSETS<br />
FROM OPERATIONS $ 27,512 $ (45,338)<br />
INCREASE (DECREASE) IN NET ASSETS<br />
FROM OPERATIONS<br />
(Class O) $ 2,010 $ (2,942)<br />
(Class I) $ — $ (318)<br />
(Class P) $ 15,592 $ (28,624)<br />
(Class F) $ 313 $ (270)<br />
(Class R) $ 9,597 $ (13,184)<br />
INCREASE (DECREASE) IN NET ASSETS<br />
FROM OPERATIONS PER UNIT*<br />
(Class O) $ 0.73 $ (0.40)<br />
(Class I) $ 0.40 $ (0.29)<br />
(Class P) $ 0.71 $ (1.37)<br />
(Class F) $ 0.75 $ (1.05)<br />
(Class R) $ 0.73 $ (1.31)<br />
* Based on the weighted average number of units outstanding during the period.<br />
SBGF<br />
(See accompanying notes)<br />
167
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