Annual Report - SEI

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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
U.S. Large Company Equity Fund Statements of Changes in Net Assets FOR THE YEARS ENDED DECEMBER 31 (in thousands of dollars except per unit data) Fund Total Class O 2009 2008 2009 2008 NET ASSETS – BEGINNING OF PERIOD $ 1,136,968 $ 1,086,865 $ 1,103,063 $ 1,051,359 INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS 107,515 (320,926) 104,670 (310,105) DISTRIBUTIONS TO UNITHOLDERS Out of net investment income ≠ (20,551) (9,789) (20,508) (9,788) Return of capital — (14) — — (20,551) (9,803) (20,508) (9,788) CHANGES DUE TO UNITHOLDER TRANSACTIONS Proceeds from issue of units 301,833 708,041 287,049 682,312 Payments on redemption of units (392,361) (336,997) (377,241) (320,489) Reinvestment of distributions ≠ 20,511 9,788 20,472 9,774 (70,017) 380,832 (69,720) 371,597 CHANGES IN NET ASSETS 16,947 50,103 14,442 51,704 NET ASSETS, END OF PERIOD $ 1,153,915 $ 1,136,968 $ 1,117,505 $ 1,103,063 Class I Class P 2009 2008 2009 2008 NET ASSETS – BEGINNING OF PERIOD $ 4,022 $ 5,019 $ 27,785 $ 28,634 INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS (114) (1,373) 2,716 (8,940) DISTRIBUTIONS TO UNITHOLDERS Out of net investment income ≠ (8) — — — Return of capital — (13) — (1) (8) (13) — (1) CHANGES DUE TO UNITHOLDER TRANSACTIONS Proceeds from issue of units 542 1,812 12,604 21,950 Payments on redemption of units (4,406) (1,435) (9,741) (13,859) Reinvestment of distributions ≠ 5 12 — 1 (3,859) 389 2,863 8,092 CHANGES IN NET ASSETS (3,981) (997) 5,579 (849) NET ASSETS, END OF PERIOD $ 41 $ 4,022 $ 33,364 $ 27,785 Class F 2009 2008 NET ASSETS – BEGINNING OF PERIOD $ 2,098 $ 1,853 INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS 243 (508) DISTRIBUTIONS TO UNITHOLDERS Out of net investment income (35) (1) (35) (1) CHANGES DUE TO UNITHOLDER TRANSACTIONS Proceeds from issue of units 1,638 1,967 Payments on redemption of units (973) (1,214) Reinvestment of distributions 34 1 699 754 CHANGES IN NET ASSETS 907 245 NET ASSETS, END OF PERIOD $ 3,005 $ 2,098 ≠ Includes management fee distributions representing a rebate of the management fee to certain unitholders in Class I in 2009 and 2008. (See accompanying notes) SULC 31
Page 1 and 2: Annual Report for the period ended
Page 5: March 9, 2010 Auditors’ Report Pr
Page 8 and 9: Canadian Equity Fund Statement of I
Page 10 and 11: Canadian Equity Fund Summary of Inv
Page 12 and 13: Canadian Equity Fund Statements of
Page 14 and 15: Canadian Small Company Equity Fund
Page 20 and 21: U.S. Large Company Equity Fund Stat
Page 32 and 33: U.S. Small Company Equity Fund Stat
Page 40 and 41: U.S. Small Company Equity Fund Summ
Page 44 and 45: EAFE Equity Fund Statement of Inves
Page 56 and 57: EAFE Equity Fund Notes to Statement
Page 58 and 59: EAFE Equity Fund Statements of Net
Page 60 and 61: Emerging Markets Equity Fund Statem
Page 66 and 67: Emerging Markets Equity Fund Summar
Page 70 and 71: Canadian Fixed Income Fund Statemen
Page 78 and 79: Canadian Fixed Income Fund Interest
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Canadian Fixed Income Fund Statemen
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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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Income 30/70 Fund Notes to Statemen
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Conservative Monthly Income Fund No
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Conservative Monthly Income Fund St
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Income 40/60 Fund Notes to Statemen
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Balanced 50/50 Fund Statement of In
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Balanced 50/50 Fund Statements of N
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Balanced 60/40 Fund Statement of In
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Balanced 60/40 Fund Statements of N
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Balanced 60/40 Fund Statements of C
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Balanced Monthly Income Fund Notes
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Balanced Monthly Income Fund Statem
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Growth 70/30 Fund Notes to Statemen
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Growth 70/30 Fund Statements of Cha
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Growth 80/20 Fund Notes to Statemen
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Growth 80/20 Fund Statements of Cha
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Growth 100 Fund Statement of Invest
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Growth 100 Fund Statements of Net A
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Growth 100 Fund Statements of Chang
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Global Growth 100 Fund Notes to Sta
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Global Growth 100 Fund Statements o
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Notes to Financial Statements FOR T
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Annual Report - SEI

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