Annual Report - SEI

U.S. Small 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 $ 143,140 $ 138,400
Cash including foreign currency holdings,
at fair value 1,427 1,585
Accrued dividends receivable 142 196
Receivable for portfolio securities sold 75 —
Margin receivable on futures 318 697
Receivable for unit subscriptions 105 55
Unrealized appreciation on futures contracts 24 119
145,231 141,052
LIABILITIES
Accrued liabilities 28 145
Payable for portfolio securities purchased 310 —
Payable for unit redemptions 246 156
Unrealized depreciation on futures contracts — —
584 301
NET ASSETS REPRESENTING
UNITHOLDERS’ EQUITY $ 144,647 $ 140,751
NET ASSETS PER CLASS
(Class O) $ 138,179 $ 134,500
(Class I) $ 3 $ 446
(Class P) $ 5,614 $ 5,272
(Class F) $ 851 $ 533
NET ASSETS PER UNIT (note 7)
(Class O) $ 3.83 $ 3.52
(Class I) $ 3.74 $ 3.43
(Class P) $ 3.53 $ 3.29
(Class F) $ 3.77 $ 3.47
INVESTMENTS AT AVERAGE COST $ 133,189 $ 159,508
Statements of Operations
FOR THE YEARS ENDED DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
INVESTMENT INCOME
Dividends $ 2,204 $ 2,629
Interest 130 124
2,334 2,753
Foreign withholding taxes (410) (397)
1,924 2,356
EXPENSES
Custodian and administration fees 65 189
Legal fees 12 28
Audit fees 2 8
Management fees 129 141
Trustee fees 1 2
Independent Review Committee fees 1 2
Security holder reporting costs 7 19
217 389
NET INVESTMENT INCOME (LOSS)
FOR THE PERIOD $ 1,707 $ 1,967
NET GAIN (LOSS) ON SALES OF SECURITIES $ (19,187) $ (34,891)
NET REALIZED GAIN (LOSS) ON FUTURES
AND FORWARDS $ 557 $ (1,936)
NET GAIN (LOSS) ON FOREIGN EXCHANGE $ (88) $ 182
TRANSACTION COSTS $ (556) $ (237)
UNREALIZED APPRECIATION (DEPRECIATION)
OF INVESTMENTS $ 31,059 $ (5,586)
UNREALIZED APPRECIATION (DEPRECIATION)
ON FUTURES AND FORWARD CONTRACTS $ (95) $ 100
NET GAIN (LOSS) ON INVESTMENTS $ 11,690 $ (42,368)
NET INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS $ 13,397 $ (40,401)
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS
(Class O) $ 12,839 $ (38,480)
(Class I) $ (25) $ (153)
(Class P) $ 477 $ (1,636)
(Class F) $ 106 $ (132)
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS PER UNIT*
(Class O) $ 0.33 $ (1.15)
(Class I) $ (0.36) $ (1.13)
(Class P) $ 0.29 $ (1.12)
(Class F) $ 0.50 $ (1.12)
* Based on the weighted average number of units outstanding during the period.
(See accompanying notes)
SUSC
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