Annual Report - SEI

U.S. Large Company Equity Fund
Statements of Net Assets
AS AT DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
ASSETS
Investments at fair value $ 1,129,867 $ 1,087,405
Cash including foreign currency holdings,
at fair value 22,716 50,011
Accrued dividends receivable 921 1,805
Accrued interest receivable — 2
Receivable for portfolio securities sold 2,562 6,833
Margin receivable on futures 1,854 2,084
Receivable for unit subscriptions 765 615
Unrealized appreciation on futures contracts 7 —
1,158,692 1,148,755
LIABILITIES
Accrued liabilities 208 738
Payable for portfolio securities purchased 2,423 8,207
Payable for unit redemptions 2,146 2,809
Unrealized depreciation on futures contracts — 33
4,777 11,787
NET ASSETS REPRESENTING
UNITHOLDERS’ EQUITY $ 1,153,915 $ 1,136,968
NET ASSETS PER CLASS
(Class O) $ 1,117,505 $ 1,103,063
(Class I) $ 41 $ 4,022
(Class P) $ 33,364 $ 27,785
(Class F) $ 3,005 $ 2,098
NET ASSETS PER UNIT (note 7)
(Class O) $ 5.39 $ 5.01
(Class I) $ 5.41 $ 4.98
(Class P) $ 5.15 $ 4.81
(Class F) $ 5.43 $ 5.06
INVESTMENTS AT AVERAGE COST $ 1,094,496 $ 1,310,267
Statements of Operations
FOR THE YEARS ENDED DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
INVESTMENT INCOME
Dividends $ 24,845 $ 28,155
Interest 95 1,010
Income from mutual funds 1 4
24,941 29,169
Foreign withholding taxes (3,413) (3,518)
21,528 25,651
EXPENSES
Custodian and administration fees 763 1,411
Legal fees 40 68
Audit fees 30 61
Management fees 741 745
Trustee fees 8 17
Independent Review Committee fees 1 2
Security holder reporting costs 28 62
1,611 2,366
NET INVESTMENT INCOME (LOSS)
FOR THE PERIOD $ 19,917 $ 23,285
NET GAIN (LOSS) ON SALES OF SECURITIES $ (167,855) $ (126,252)
NET REALIZED GAIN (LOSS) ON FUTURES
AND FORWARDS $ 2,177 $ (14,983)
NET GAIN (LOSS) ON FOREIGN EXCHANGE $ (3,430) $ 47
TRANSACTION COSTS $ (1,569) $ (1,331)
UNREALIZED APPRECIATION (DEPRECIATION)
OF INVESTMENTS $ 258,235 $ (202,408)
UNREALIZED APPRECIATION (DEPRECIATION)
ON FUTURES AND FORWARD CONTRACTS $ 40 $ 716
NET GAIN (LOSS) ON INVESTMENTS $ 87,598 $ (344,211)
NET INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS $ 107,515 $ (320,926)
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS
(Class O) $ 104,670 $ (310,105)
(Class I) $ (114) $ (1,373)
(Class P) $ 2,716 $ (8,940)
(Class F) $ 243 $ (508)
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS PER UNIT*
(Class O) $ 0.47 $ (1.60)
(Class I) $ (0.25) $ (1.67)
(Class P) $ 0.42 $ (1.67)
(Class F) $ 0.49 $ (1.60)
* Based on the weighted average number of units outstanding during the period.
SULC
(See accompanying notes)
30