Annual Report - SEI

EAFE Equity Fund
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* Spot and forward foreign exchange contracts Total Exposure As a % of Net Assets
2009 2008 2009 2008 2009 2008 2009 2008
Euro Currency Unit 189,851,926 218,391,408 116,476 1,035,053 189,968,402 219,426,461 28.87% 33.34%
Japanese Yen 124,107,269 156,597,114 20,282 — 124,127,551 156,597,114 18.87% 23.79%
British Pound 125,152,257 119,782,631 — (31,194) 125,152,257 119,751,437 19.02% 18.19%
Swiss Franc 54,142,723 58,489,127 — (428,734) 54,142,723 58,060,393 8.23% 8.82%
Australian Dollar 43,174,103 30,003,833 — — 43,174,103 30,003,833 6.56% 4.56%
Hong Kong Dollar 21,504,825 18,006,637 (147,341) — 21,357,484 18,006,637 3.25% 2.74%
U.S. Dollar 22,335,404 11,483,282 (197,032) — 22,138,372 11,483,282 3.36% 1.74%
Swedish Krona 12,349,009 11,134,682 — — 12,349,009 11,134,682 1.88% 1.69%
Singapore Dollar 13,643,470 5,220,969 — — 13,643,470 5,220,969 2.07% 0.79%
Danish Krone 3,914,501 4,651,021 — — 3,914,501 4,651,021 0.59% 0.71%
Norwegian Krone 7,049,724 4,071,015 — — 7,049,724 4,071,015 1.07% 0.62%
South Korean Won 3,611,747 2,075,745 — — 3,611,747 2,075,745 0.55% 0.32%
Taiwan Dollar 2,916,100 1,387,994 — — 2,916,100 1,387,994 0.44% 0.21%
Czech Koruna — 956,502 — — — 956,502 0.00% 0.15%
South African Rand 729,125 881,207 — — 729,125 881,207 0.11% 0.13%
Thai Baht 408,231 728,713 — — 408,231 728,713 0.06% 0.11%
New Turkish Lira 2,879,671 379,707 — — 2,879,671 379,707 0.44% 0.06%
New Zealand Dollar 1,147,296 107,223 — — 1,147,296 107,223 0.17% 0.02%
Hungarian Forint 435,263 49 — — 435,263 49 0.07% 0.00%
Malaysian Ringgit 234,392 — — — 234,392 — 0.04% 0.00%
Mexican Peso 90,936 — — — 90,936 — 0.01% 0.00%
Phillippine Peso 36,005 — — — 36,005 — 0.01% 0.00%
Brazilian Real 3,448,534 — — — 3,448,534 — 0.52% 0.00%
Indonesian Rupiah 1,261,058 — — — 1,261,058 — 0.19% 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 $31,710,798 (2008 – $32,246,199). 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 global stock exchanges would have increased or decreased the Fund’s Net Assets by $64,917,428
(2008 – $64,254,286). 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.
(See accompanying notes)
SEEF
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