Annual Report - SEI

U.S. Small Company Equity Fund
Summary of Investment Portfolio
AS AT DECEMBER 31, 2008
All portfolio categories are included in the following table.
Portfolio by Category Percentage of Net Assets (%)
Consumer Discretionary 9.9
Consumer Staples 2.7
Energy 4.6
Financials 20.8
Health Care 15.2
Industrials 16.3
Information Technology 13.6
Materials 4.5
Telecommunication Services 2.0
Utilities 6.4
Foreign Equities 2.0
Mutual Fund —
Total Short Term Note 0.5
Unrealized Appreciation (Depreciation) on Futures Contracts 0.1
Other Assets and Liabilities, Net 1.4
100.0
Notes to Statement of Investment Portfolio
AS AT DECEMBER 31, 2009 AND 2008
Currency Risk
The table below indicates the currencies to which the Fund had exposure as at December 31, 2009 and 2008, on both its trading monetary and non-monetary assets and liabilities.
Currency risk exposed holdings* Forward foreign exchange contracts Total Exposure As a % of Net Assets
2009 2008 2009 2008 2009 2008 2009 2008
U.S. Dollar 143,030,191 138,926,733 — — 143,030,191 138,926,733 98.88% 98.70%
Brazilian Real 532,564 — — — 532,564 — 0.37% 0.00%
Australian Dollar 207,047 — — — 207,047 — 0.14% 0.00%
British Pound 182,799 — — — 182,799 — 0.13% 0.00%
*Amounts include monetary and non-monetary items.
As at December 31, 2009, had the Canadian dollar strengthened or weakened by 5% (2008 – 5%) in relation to all currencies, with all other variables held constant, net assets would have decreased or
increased, respectively, by approximately $7,197,630 (2008 – $6,946,337). In practice, the actual trading results may differ from this sensitivity analysis and the difference could be material.
Interest Rate Risk
As at December 31, 2009 and 2008, the interest rate risk is minimal given that the majority of the Fund’s financial instruments are non-interest bearing.
Other Price Risk
As at December 31, 2009, a 10% (2008 – 10%) increase or decrease in equity prices on the U.S. stock exchanges would have increased or decreased the Fund’s Net Assets by $14,396,123
(2008 – $13,991,473). In practice, the actual results may differ from this sensitivity analysis and the difference could be material.
Credit Risk
As at December 31, 2009 and 2008, the credit risk is minimal given that the Fund had no significant investments in debt instruments or derivatives.
Fair Value Measurements
The following table summarizes the inputs used as of December 31, 2009 in valuing the Fund’s investments and derivatives carried at fair values:
Quoted prices in active markets Significant other observable inputs Significant unobservable inputs
for identical assets (Level 1) (Level 2) (Level 3) Total
Common Shares $ 142,939,835 $ — $ — $ 142,939,835
Preferred shares — — — —
Short-term notes 199,893 — — 199,893
Bonds — — — —
Investments in funds 611 — 611
Total Investments $ 143,140,339 $ — $ — $ 143,140,339
Derivative assets 24,196 — — 24,196
Derivative liabilities — — — —
During the year ended December 31, 2009, no equity investments were transferred between Level 1 and Level 2.
During the year ended December 31, 2009, the Fund did not hold any investments classified within Level 3.
SUSC
(See accompanying notes)
40