Annual Report - SEI

Growth 80/20 Fund
Statements of Net Assets
AS AT DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
ASSETS
Investments at fair value $ 105,534 $ 79,417
Cash including foreign currency holdings,
at fair value 583 993
Receivable for unit subscriptions 149 5,160
106,266 85,570
LIABILITIES
Accrued liabilities 130 193
Payable for unit redemptions 72 38
202 231
NET ASSETS REPRESENTING
UNITHOLDERS’ EQUITY $ 106,064 $ 85,339
NET ASSETS PER CLASS
(Class O) $ 10,379 $ 8,651
(Class I) $ 2,615 $ 1,907
(Class P) $ 58,589 $ 52,013
(Class F) $ 1,973 $ 1,621
(Class R) $ 28,048 $ 21,147
(Class S) $ 4,460 $ —
NET ASSETS PER UNIT (note 7)
(Class O) $ 4.88 $ 4.14
(Class I) $ 4.93 $ 4.17
(Class P) $ 4.67 $ 3.97
(Class F) $ 5.08 $ 4.31
(Class R) $ 4.86 $ 4.12
(Class S) $ 4.63 $ —
INVESTMENTS AT AVERAGE COST $ 112,228 $ 108,955
Statements of Operations
FOR THE YEARS ENDED DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
INVESTMENT INCOME
Interest $ — $ 7
Distributions from mutual funds 2,790 2,527
2,790 2,534
EXPENSES
Custodian and administration fees 48 117
Legal fees 11 24
Audit fees 1 4
Management fees 1,309 1,423
Trustee fees — 1
Independent Review Committee fees 1 2
Securityholder reporting costs 5 17
1,375 1,588
Waived expenses (22) —
1,353 1,588
NET INVESTMENT INCOME (LOSS)
FOR THE PERIOD $ 1,437 $ 946
NET GAIN (LOSS) ON SALES OF SECURITIES $ (6,941) $ (531)
UNREALIZED APPRECIATION (DEPRECIATION)
OF INVESTMENTS $ 22,844 $ (29,506)
NET GAIN (LOSS) ON INVESTMENTS $ 15,903 $ (30,037)
NET INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS $ 17,340 $ (29,091)
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS
(Class O) $ 1,753 $ (4,174)
(Class I) $ 436 $ (666)
(Class P) $ 9,351 $ (19,187)
(Class F) $ 316 $ (569)
(Class R) $ 4,944 $ (4,495)
(Class S) $ 540 $ —
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS PER UNIT*
(Class O) $ 0.87 $ (0.99)
(Class I) $ 0.88 $ (1.58)
(Class P) $ 0.73 $ (1.56)
(Class F) $ 0.85 $ (2.03)
(Class R) $ 1.37 $ (1.73)
(Class S) $ 0.88 $ —
* Based on the weighted average number of units outstanding during the period.
SBGP
(See accompanying notes)
171