Annual Report - SEI

Real Return Bond Fund
Statements of Net Assets
AS AT DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
ASSETS
Investments at fair value $ 248,142 $ 217,793
Cash including foreign currency holdings,
at fair value 15,063 15,090
Accrued interest receivable 545 547
Receivable for unit subscriptions 171 2
263,921 233,432
LIABILITIES
Accrued liabilities 51 184
Payable for unit redemptions 162 587
213 771
NET ASSETS REPRESENTING
UNITHOLDERS’ EQUITY $ 263,708 $ 232,661
NET ASSETS PER CLASS
(Class O) $ 248,863 $ 219,117
(Class P) $ 13,449 $ 12,672
(Class F) $ 1,396 $ 872
NET ASSETS PER UNIT (note 7)
(Class O) $ 15.34 $ 13.44
(Class P) $ 16.57 $ 14.52
(Class F) $ 15.73 $ 13.81
INVESTMENTS AT AVERAGE COST $ 226,619 $ 227,821
Statements of Operations
FOR THE YEARS ENDED DECEMBER 31
(in thousands of dollars except per unit data)
2009 2008
INVESTMENT INCOME
Interest $ 6,768 $ 6,947
EXPENSES
Custodian and administration fees 148 291
Legal fees 18 30
Audit fees 6 12
Management fees 226 228
Trustee fees 2 3
Independent Review Committee fees 1 2
Security holder reporting costs 12 24
413 590
NET INVESTMENT INCOME (LOSS)
FOR THE PERIOD $ 6,355 $ 6,357
NET GAIN (LOSS) ON SALES OF SECURITIES $ 34 $ (493)
UNREALIZED APPRECIATION (DEPRECIATION)
OF INVESTMENTS $ 31,552 $ (11,718)
NET GAIN (LOSS) ON INVESTMENTS $ 31,586 $ (12,211)
NET INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS $ 37,941 $ (5,854)
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS
(Class O) $ 35,937 $ (5,246)
(Class P) $ 1,844 $ (570)
(Class F) $ 160 $ (38)
INCREASE (DECREASE) IN NET ASSETS
FROM OPERATIONS PER UNIT*
(Class O) $ 2.27 $ (0.33)
(Class P) $ 2.18 $ (0.68)
(Class F) $ 2.31 $ (0.76)
* Based on the weighted average number of units outstanding during the period.
SRRB
(See accompanying notes)
88