2007 Annual Report - Sun Life Financial

The movements are summarized as follows:
Bond Fund Balanced Fund Phil. Equity Fund
2007 2006 2007 2006 2007 2006
Philippine Peso Philippine Peso Philippine Peso Philippine Peso Philippine Peso Philippine Peso
Balance at beginning of
the year P4,287,068,899 P4,981,951,786 P3,073,368,607 P 577,812,270 P880,132,644 P271,870,718
Net purchases (disposals)
Amortization of discounts
(2,168,088,544) (864,328,200) 6,780,174,044 2,218,140,304 2,161,297,158 477,579,377
(premium)
Unrealized fair value
(29,626,308) (60,090,228) (29,207,831) (3,448,087) 57,336 49,787
gains (Loss) (254,102,728) 229,535,541 188,009,384 280,864,120 53,955,868 130,632,762
Balance at end of the year P1,835,251,319 P4,287,068,899 P10,012,344,204 P3,073,368,607 P3,095,443,006 P880,132,644
Dollar Advantage Fund Money Market Fund
2007 2006 2007 2006
US Dollar US Dollar Philippine Peso Philippine Peso
Balance at beginning of the year $21,797,758 $ 7,437,227 P186,960,000 P60,501,845
Net purchases (disposals) 5,565,582 13,301,400 94,970,000 126,458,155
Amortization of discounts (premium) (179,163) (60,734) - -
Unrealized fair value gains (Loss) 81,032 1,119,865 - -
Balance at end of the year $27,265,209 $ 21,797,758 P281,930,000 P186,960,000
Dollar Abundance Fund GS Fund
2007 2006 2007 2006
US Dollar US Dollar Philippine Peso Philippine Peso
Balance at beginning of the year $3,048,864 $1,277,914 P91,028,928 P52,620,000
Net purchases (disposals) (114,331) 1,614,450 (9,121,463) 33,123,670
Amortization of discounts (premium) (11,209) (5,429) (769,234) (407,761)
Unrealized fair value gains (Loss) (50,752) 161,929 859,561 5,693,019
Balance at end of the year $2,872,572 $3,048,864 P81,997,792 P91,028,928
The fair values of investments in listed equity securities and treasury notes in 2007 and 2006, respectively,
are based on quoted market prices, which are usually, bid prices. However, for listed equity
securities, closing price are used since it is the more appropriate valuation used by the players of
the mutual funds industry. For the purpose of following the industry standard, closing prices was
adopted in 2007 and the comparative statements of the 2006. Below is the reconciliation of valuation
between closing and bid prices of the Balanced and Equity Funds:
Balanced Fund Phil. Equity Fund
2007 2006 2007 2006
Investments in listed equity securities (closing price) P6,381,999,182 P1,545,334,095 P2,624,871,998 P628,060,112
Adjustment to bid prices (73,977,039) (15,742,990) (31,859,633) (6,226,291)
Investments in listed equity securities (bid price) P6,308,022,143 P1,529,591,105 P2,593,012,365 P621,833,821
2007 Annual Report 43