Annual Report - SEI
Annual Report - SEI
Annual Report - SEI
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Notes to Financial Statements<br />
FOR THE YEAR ENDED DECEMBER 31, 2009<br />
3. UNITHOLDERS’ EQUITY<br />
The capital of the Funds is represented by issued redeemable units with no par value. Unitholders are entitled to distributions, if any,<br />
and to payment of a proportionate share based on the Funds’ net asset value per unit upon redemption. The Funds have no<br />
restrictions or specific capital requirements on the subscription and redemption of units other than the minimum subscriptions for an<br />
initial and subsequent investment in each Class of Units of $1,000 and $500, respectively. Capital movements are shown on the<br />
Statements of Changes in Net Assets. In accordance with their investment strategies and risk management policies, the Funds<br />
endeavour to invest their subscriptions received in appropriate investments while maintaining sufficient liquidity to meet redemptions.<br />
The following table summarizes the changes in the number of units for the periods ended December 31, 2009 and 2008:<br />
Balance – beginning Units issued during Units redeemed Units reinvested Balance – end of<br />
of the period the period during the period during the period the period<br />
2009 2008 2009 2008 2009 2008 2009 2008 2009 2008<br />
CANADIAN EQUITY FUND<br />
Class O 118,120,344 103,187,249 27,023,726 40,991,748 (31,272,630) (29,204,157) 2,434,809 3,145,504 116,306,249 118,120,344<br />
Class I 1,405,503 1,379,781 104,495 125,398 (1,491,448) (126,676) 1,829 27,000 20,379 1,405,503<br />
Class P 3,939,539 2,455,928 1,049,362 2,821,296 (1,614,834) (1,337,685) – – 3,374,067 3,939,539<br />
Class F 433,664 252,741 296,232 315,277 (228,051) (139,762) 7,121 5,408 508,966 433,664<br />
CANADIAN SMALL COMPANY EQUITY FUND<br />
Class O 14,628,467 9,024,761 1,949,287 6,809,868 (2,229,259) (1,206,162) 278,775 – 14,627,270 14,628,467<br />
Class P 659,482 332,867 109,186 484,116 (291,245) (157,501) – – 477,423 659,482<br />
Class F 217,310 159,043 111,553 154,764 (76,080) (96,497) 3,224 – 256,007 217,310<br />
U.S. LARGE COMPANY EQUITY FUND<br />
Class O 220,116,741 156,460,807 59,521,953 118,076,589 (76,144,357) (56,469,099) 3,770,658 2,048,444 207,264,995 220,116,741<br />
Class I 807,779 752,046 115,580 301,522 (916,855) (247,938) 1,100 2,149 7,604 807,779<br />
Class P 5,778,711 4,380,465 2,768,266 3,976,676 (2,067,234) (2,578,659) – 229 6,479,743 5,778,711<br />
Class F 415,053 273,588 328,709 349,254 (196,810) (208,075) 6,226 286 553,178 415,053<br />
U.S. SMALL COMPANY EQUITY FUND<br />
Class O 38,202,919 25,407,398 9,437,889 21,595,992 (11,941,682) (8,800,471) 418,282 – 36,117,408 38,202,919<br />
Class I 130,020 141,486 2,175 544 (131,489) (12,352) 171 342 877 130,020<br />
Class P 1,603,322 1,179,262 654,525 1,072,744 (669,452) (648,877) 8 193 1,588,403 1,603,322<br />
Class F 153,549 112,420 150,282 113,135 (79,143) (72,066) 1,168 – 225,856 153,549<br />
EAFE EQUITY FUND<br />
Class O 153,938,175 157,787,039 37,409,098 65,652,725 (48,756,908) (76,137,625) 6,574,648 6,636,036 149,165,013 153,938,175<br />
Class I 2,157,178 2,676,055 139,195 208,559 (2,288,983) (807,837) 2,399 80,401 9,789 2,157,178<br />
Class P 6,181,957 3,951,091 2,933,873 3,914,842 (2,288,341) (1,728,028) 145,720 44,052 6,973,209 6,181,957<br />
Class F 472,342 360,195 348,025 352,326 (237,127) (251,890) 21,103 11,711 604,343 472,342<br />
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