Annual Report - SEI

EAFE 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 $ 632,670 $ 643,803
Cash including foreign currency holdings,
at fair value 22,056 14,603
Accrued dividends receivable 2,106 2,889
Accrued interest receivable — —
Receivable for portfolio securities sold 153 906
Margin receivable on futures 1,259 10
Receivable for unit subscriptions 783 202
Unrealized appreciation on futures contracts 397 —
659,424 662,413
LIABILITIES
Accrued liabilities 114 752
Payable for portfolio securities purchased 208 1,634
Payable for unit redemptions 1,108 1,787
Unrealized depreciation on forward
foreign currency contract 60 —
1,490 4,173
NET ASSETS REPRESENTING
UNITHOLDERS’ EQUITY $ 657,934 $ 658,240
NET ASSETS PER CLASS
(Class O) $ 625,827 $ 622,421
(Class I) $ 42 $ 8,682
(Class P) $ 29,430 $ 25,150
(Class F) $ 2,635 $ 1,987
NET ASSETS PER UNIT (note 7)
(Class O) $ 4.20 $ 4.04
(Class I) $ 4.32 $ 4.02
(Class P) $ 4.22 $ 4.07
(Class F) $ 4.36 $ 4.21
INVESTMENTS AT AVERAGE COST $ 610,690 $ 806,687
Statements of Operations
FOR THE YEARS ENDED DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
INVESTMENT INCOME
Dividends $ 23,077 $ 32,951
Interest — 446
23,077 33,397
Foreign withholding taxes (3,110) (3,571)
19,967 29,826
EXPENSES
Custodian and administration fees 510 1,494
Legal fees 24 61
Audit fees 14 40
Management fees 729 764
Trustee fees 8 25
Independent Review Committee fees 1 2
Security holder reporting costs 16 53
1,302 2,439
NET INVESTMENT INCOME (LOSS)
FOR THE PERIOD $ 18,665 $ 27,387
NET GAIN (LOSS) ON SALES OF SECURITIES $ (155,186) $ (179,631)
NET REALIZED GAIN (LOSS) ON FUTURES
AND FORWARDS $ 9,379 $ —
TRANSACTION COSTS $ (1,931) $ (2,001)
UNREALIZED APPRECIATION (DEPRECIATION)
OF INVESTMENTS $ 184,864 $ (193,989)
UNREALIZED APPRECIATION (DEPRECIATION)
ON FUTURES AND FORWARD CONTRACTS $ 336 $ —
NET GAIN (LOSS) ON INVESTMENTS $ 35,539 $ (374,593)
NET INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS $ 54,204 $ (347,206)
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS
(Class O) $ 52,054 $ (329,660)
(Class I) $ (486) $ (5,484)
(Class P) $ 2,466 $ (11,148)
(Class F) $ 170 $ (914)
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS PER UNIT*
(Class O) $ 0.34 $ (2.11)
(Class I) $ (0.49) $ (2.11)
(Class P) $ 0.35 $ (2.17)
(Class F) $ 0.32 $ (2.15)
* Based on the weighted average number of units outstanding during the period.
(See accompanying notes)
SEEF
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