Annual Report - SEI

Notes to Financial Statements
FOR THE YEAR ENDED DECEMBER 31, 2009
6. SOFT DOLLAR COMMISSIONS
The brokerage commissions paid on securities transactions may include “soft dollar” amounts, such as the value of research and
other services provided by the broker. Although SEI uses best efforts to determine the soft dollar portion of commissions paid on
portfolio transactions of the Funds, the soft dollar portion, in some instances, is not ascertainable. The soft dollar amounts for
the years ended December 31 are listed below:
Soft Dollar Commissions
2009 2008
$ $
Canadian Equity Fund 210,169 282,121
Canadian Small Company Equity Fund 23,016 21,250
U.S. Large Company Equity Fund 225,167 138,901
U.S. Small Company Equity Fund 23,561 15,750
EAFE Equity Fund 67,467 108,806
Emerging Markets Equity Fund 149,340 5,482
7. COMPARISON OF NET ASSETS PER UNIT AND NET ASSET VALUE PER UNIT
National Instrument 81-106 (“NI 81-106”), Investment Fund Continuous Disclosure, requires investment funds to value their
investments using fair value measures as defined in NI 81-106. The method by which the net assets are calculated for financial
reporting purposes will be different from the method for which the net asset value for subscriptions or redemptions is calculated.
A comparison between the net asset value per unit calculated for subscriptions and redemptions (“net asset value”)and the net
assets per unit calculated for financial reporting (“net assets”) is required to be disclosed in the financial statements.
December 31, 2009 December 31, 2008
Net asset value per unit ($) Net assets per unit ($) Net asset value per unit ($) Net assets per unit ($)
CANADIAN EQUITY FUND
Class O 20.20 20.15 14.98 14.92
Class I 20.50 20.45 15.02 14.96
Class P 21.13 21.07 15.70 15.64
Class F 22.62 22.56 16.79 16.73
CANADIAN SMALL COMPANY EQUITY FUND
Class O 9.89 9.83 6.05 5.98
Class P 13.62 13.55 8.36 8.27
Class F 10.80 10.74 6.62 6.55
U.S. LARGE COMPANY EQUITY FUND
Class O 5.39 5.39 5.02 5.01
Class I 5.41 5.41 4.98 4.98
Class P 5.15 5.15 4.81 4.81
Class F 5.44 5.43 5.06 5.06
U.S. SMALL COMPANY EQUITY FUND
Class O 3.83 3.83 3.53 3.52
Class I 3.74 3.74 3.44 3.43
Class P 3.54 3.53 3.30 3.29
Class F 3.77 3.77 3.48 3.47
EAFE EQUITY FUND
Class O 4.20 4.20 4.05 4.04
Class I 4.33 4.32 4.03 4.02
Class P 4.23 4.22 4.08 4.07
Class F 4.37 4.36 4.22 4.21
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