Annual Report - SEI

Canadian Fixed Income Fund
Statements of Net Assets
AS AT DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
ASSETS
Investments at fair value $ 1,677,917 $ 1,688,704
Cash including foreign currency holdings,
at fair value 44,713 38,933
Accrued interest receivable 12,869 14,193
Receivable for portfolio securities sold 4,599 473
Margin receivable on futures 1,324 3,990
Receivable for unit subscriptions 1,431 3,046
1,742,853 1,749,339
LIABILITIES
Accrued liabilities 300 1,178
Payable for portfolio securities purchased 987 —
Payable for unit redemptions 1,830 3,963
Unrealized depreciation on futures contracts 821 2,077
3,938 7,218
NET ASSETS REPRESENTING
UNITHOLDERS’ EQUITY $ 1,738,915 $ 1,742,121
NET ASSETS PER CLASS
(Class O) $ 1,673,387 $ 1,681,086
(Class I) $ 234 $ 6,078
(Class P) $ 57,264 $ 46,256
(Class F) $ 8,030 $ 8,701
NET ASSETS PER UNIT (note 7)
(Class O) $ 11.40 $ 10.96
(Class I) $ 11.60 $ 10.93
(Class P) $ 11.56 $ 11.16
(Class F) $ 11.54 $ 11.10
INVESTMENTS AT AVERAGE COST $ 1,673,994 $ 1,757,280
Statements of Operations
FOR THE YEARS ENDED DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
INVESTMENT INCOME
Interest $ 79,492 $ 94,292
EXPENSES
Custodian and administration fees 1,038 2,357
Legal fees 48 101
Audit fees 43 96
Management fees 931 940
Trustee fees 11 28
Independent Review Committee fees 1 2
Security holder reporting costs 34 97
2,106 3,621
NET INVESTMENT INCOME (LOSS)
FOR THE PERIOD $ 77,386 $ 90,671
NET GAIN (LOSS) ON SALES OF SECURITIES $ (10,688) $ 9,394
NET REALIZED GAIN (LOSS) ON FUTURES
AND FORWARDS $ (134) $ 2,450
NET GAIN (LOSS) ON FOREIGN EXCHANGE $ (201) $ 223
TRANSACTION COSTS $ (14) $ (20)
UNREALIZED APPRECIATION (DEPRECIATION)
OF INVESTMENTS $ 72,529 $ (63,221)
UNREALIZED APPRECIATION (DEPRECIATION)
ON FUTURES AND FORWARD CONTRACTS $ 1,257 $ (2,046)
NET GAIN (LOSS) ON INVESTMENTS $ 62,749 $ (53,220)
NET INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS $ 140,135 $ 37,451
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS
(Class O) $ 135,775 $ 37,086
(Class I) $ 295 $ 112
(Class P) $ 3,479 $ 133
(Class F) $ 586 $ 120
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS PER UNIT*
(Class O) $ 0.94 $ 0.22
(Class I) $ 0.93 $ 0.20
(Class P) $ 0.77 $ 0.03
(Class F) $ 0.86 $ 0.16
* Based on the weighted average number of units outstanding during the period.
(See accompanying notes)
SCFI
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