Annual Report - SEI

EAFE Equity Fund
Notes to Statement of Investment Portfolio
AS AT DECEMBER 31, 2009 AND 2008
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 $ 629,396,484 $ 3,178,593 $ — $ 632,575,077
Preferred shares — — — —
Short-term notes — — — —
Bonds — 94,443 — 94,443
Investments in funds — — — —
Total Investments $ 629,396,484 $ 3,273,036 $ — $ 632,669,520
Derivative assets 396,667 — — 396,667
Derivative liabilities — (60,252) — (60,252)
During the year ended December 31, 2009, equity investments of approximately $1,744,070 were transferred between Level 1 and Level 2 as they ceased to be traded in an active market.
During the year ended December 31, 2009, the reconciliation of investments measured at fair value using unobservable inputs (Level 3) is presented as follows:
Total
Beginning Balance $ 57,608
Purchases —
Sales (1,914)
Net transfers into and/or out of Level 3 —
Realized gains/(losses) (131,531)
Change in unrealized appreciation/depreciation 75,837
Ending Balance (December 31, 2009) $ —
Total change in unrealized appreciation during the period
for assets held at December 31, 2009 $ —
SEEF
(See accompanying notes)
57