Annual Report - SEI

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Notes to Financial Statements FOR THE YEAR ENDED DECEMBER 31, 2009 Balance – beginning Units issued during Units redeemed Units reinvested Balance – end of of the period the period during the period during the period the period 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 GROWTH 70/30 FUND Class O 2,745,964 12,065,394 615,742 3,276,940 (648,276) (12,686,685) 74,334 90,315 2,787,764 2,745,964 Class I 297 1,774,650 545 201,352 (842) (1,978,361) – 2,656 – 297 Class P 21,835,840 19,893,137 4,900,250 7,656,008 (5,777,432) (5,920,542) 117,295 207,237 21,075,953 21,835,840 Class F 297,550 206,416 313,940 177,001 (73,239) (93,805) 11,204 7,938 549,455 297,550 Class R 12,872,647 – 1,755,407 13,102,409 (1,264,991) (720,229) 379,167 490,467 13,742,230 12,872,647 GROWTH 80/20 FUND Class O 2,089,915 5,469,667 744,975 1,385,718 (763,462) (4,818,474) 54,527 53,004 2,125,955 2,089,915 Class I 457,594 403,565 84,721 68,623 (22,042) (25,272) 10,578 10,678 530,851 457,594 Class P 13,116,517 11,235,147 2,917,459 5,249,731 (3,548,592) (3,385,128) 57,477 16,767 12,542,861 13,116,517 Class F 376,073 152,738 49,793 280,027 (44,195) (64,459) 6,649 7,767 388,320 376,073 Class R 5,128,323 – 1,313,293 5,101,826 (825,708) (92,077) 149,768 118,574 5,765,676 5,128,323 Class S – – 975,196 – (29,577) – 18,295 – 963,914 – GROWTH 100 FUND Class O 1,062,073 7,217,269 474,177 2,507,756 (515,190) (8,662,952) 25,325 – 1,046,385 1,062,073 Class I 264,508 1,135,942 80,417 205,777 (16,156) (1,080,910) 6,046 3,699 334,815 264,508 Class P 8,514,416 6,999,434 2,570,746 3,390,794 (2,406,447) (1,875,812) 32,110 – 8,710,825 8,514,416 Class F 482,133 132,900 358,938 441,724 (382,559) (92,491) 6,963 – 465,475 482,133 Class R 7,523,230 – 2,214,398 8,087,292 (1,502,670) (587,029) 202,786 22,967 8,437,744 7,523,230 Class S – – 508,331 – (15,012) – 9,023 – 502,342 – GLOBAL GROWTH 100 FUND Class O 863,259 954,985 181,227 486,789 (177,629) (578,515) 5,110 – 871,967 863,259 Class P 4,951,862 4,838,925 1,222,120 1,729,877 (1,820,938) (1,616,940) – – 4,353,044 4,951,862 Class F 172,212 113,365 101,633 154,367 (123,464) (95,520) – – 150,381 172,212 Class R 334,216 – 107,125 352,044 (132,808) (17,828) 2,470 – 311,003 334,216 A unitholder of a fund is entitled by giving written notice to the Manager to require payment of the net asset value per unit of that fund for all or any of the units of such unitholder. Such notice must be received no later than 4:00 p.m., EST, on any valuation day upon which the units are to be redeemed. The notice must be irrevocable and the signature thereon must be guaranteed by a Canadian chartered bank, a trust company or an investment dealer acceptable to the Manager. 4. INCOME TAXES Each fund qualifies or intends to qualify (see note 1) as a mutual fund trust under the provisions of the Income Tax Act (Canada) (the “Act”). The Funds are not subject to tax on their net income, including net realized capital gains for the year, which is paid or payable to their unitholders as at the end of the year. However, such part of the Funds’ net income and net realized capital gains that is not so paid or payable will be taxable to the Funds. Income tax on net realized capital gains not paid or payable will be generally recoverable by virtue of the refunding provisions contained in the Act and provincial income tax legislation, as redemptions occur. Each of the Funds is required by the Trust Agreement governing the Fund to pay all net taxable income and sufficient net realized capital gains so that the Fund will not be subject to income taxes. Accordingly, no provision for income tax has been made in these financial statements. 190
Notes to Financial Statements FOR THE YEAR ENDED DECEMBER 31, 2009 There are capital loss carry-forwards available in the following Funds as at December 31, 2009: $ Canadian Equity Fund 67,643,452 Canadian Small Company Equity Fund 6,300,391 U.S. Large Company Equity Fund 327,726,861 U.S. Small Company Equity Fund 72,582,953 EAFE Equity Fund 302,572,518 Emerging Markets Equity Fund 14,909,948 Canadian Fixed Income Fund 15,855,179 Long Duration Bond Fund 1,747,965 Real Return Bond Fund 1,833,395 U.S. Large Cap Synthetic Fund 385 Enhanced Global Bond Fund 5,313,521 Short Term Bond Fund 2,732,558 U.S. High Yield Bond Fund 622,758 Conservative Monthly Income Fund 222,518 Balanced Monthly Income Fund 3,756,898 Income 100 Fund 343,149 Income 20/80 Fund 425,825 Income 30/70 Fund 807,091 Income 40/60 Fund 2,785,143 Balanced 50/50 Fund 2,457,830 Balanced 60/40 Fund 15,233,137 Growth 70/30 Fund 6,351,150 Growth 80/20 Fund 4,299,620 Growth 100 Fund 5,317,556 Global Growth 100 Fund 2,666,015 These capital losses for income tax purposes may be carried forward indefinitely and applied against capital gains realized in future years. There are also non-capital loss carry-forwards as at December 31, 2009 which may be applied against future taxable income. These non-capital losses will expire December 31 of the year indicated unless previously applied. By year of expiration 2028 2029 $ $ International Synthetic Fund 12,427,437 – U.S. Large Cap Synthetic Fund 26,542,055 – U.S. Mid Cap Synthetic Fund 49,608,852 – Enhanced Global Bond Fund – 1,510,546 191
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Canadian Equity Fund Statement of I
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Canadian Equity Fund Summary of Inv
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Canadian Equity Fund Statements of
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Canadian Small Company Equity Fund
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U.S. Small Company Equity Fund Summ
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EAFE Equity Fund Statement of Inves
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EAFE Equity Fund Notes to Statement
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EAFE Equity Fund Statements of Net
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Emerging Markets Equity Fund Statem
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Emerging Markets Equity Fund Summar
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Canadian Fixed Income Fund Statemen
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Canadian Fixed Income Fund Interest
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Long Duration Bond Fund Statement o
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Long Duration Bond Fund Statements
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Real Return Bond Fund Statement of
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Real Return Bond Fund Statements of
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Short Term Bond Fund Statement of I
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Short Term Bond Fund Notes to State
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Short Term Bond Fund Statements of
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U.S. High Yield Bond Fund Statement
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Money Market Fund Statement of Inve
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Money Market Fund Statements of Net
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International Synthetic Fund Statem
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International Synthetic Fund Notes
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International Synthetic Fund Statem
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U.S. Large Cap Synthetic Fund SCHED
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U.S. Large Cap Synthetic Fund State
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U.S. MidCap Synthetic Fund Statemen
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U.S. MidCap Synthetic Fund Notes to
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U.S. MidCap Synthetic Fund Statemen
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Enhanced Global Bond Fund Statement
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Enhanced Global Bond Fund Statement
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Income 100 Fund Statement of Invest
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Income 100 Fund Statements of Net A
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Income 20/80 Fund Statement of Inve
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Income 20/80 Fund Statements of Net
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Income 20/80 Fund Statements of Cha
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Page 184 and 185: Notes to Financial Statements FOR T
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