-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OeH5BBcLut5NtFQQFPtwDIZ+9wL9XY2M7+R4VXe7sySK6Zl3W2zhvE9HFpJZjZ4w 71Z+VUR5r+NdnOs1pVt27g== 0000912057-00-012935.txt : 20000323 0000912057-00-012935.hdr.sgml : 20000323 ACCESSION NUMBER: 0000912057-00-012935 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEI INSTITUTIONAL INTERNATIONAL TRUST CENTRAL INDEX KEY: 0000835597 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 033-22821 FILM NUMBER: 575855 BUSINESS ADDRESS: STREET 1: C/O SEI INVESTMENTS CO STREET 2: ONE FREEDOM VALLEY RD CITY: OAKS STATE: PA ZIP: 19456 BUSINESS PHONE: 8003425734 MAIL ADDRESS: STREET 2: 530 E SWEDESFORD RD CITY: WAYNE STATE: PA ZIP: 19087-1693 FORMER COMPANY: FORMER CONFORMED NAME: SEI INTERNATIONAL TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SEI WEALTH MANAGEMENT TRUST DATE OF NAME CHANGE: 19900129 497 1 497 SEI INSTITUTIONAL INTERNATIONAL TRUST EMERGING MARKETS EQUITY FUND SUPPLEMENT DATED MARCH 21, 2000 TO THE PROSPECTUS DATED JANUARY 31, 2000 THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE PROSPECTUS, AND SHOULD BE READ IN CONJUNCTION WITH SUCH PROSPECTUS. The Board of Trustees of SEI Institutional International Trust (the 'Trust'), including all of the Trustees who are not "interested persons" of the Trust, have appointed Schroder Investment Management North America Inc. ("Schroders"), as a Sub-Adviser to the Trust's Emerging Markets Equity Fund (the "Fund"). Schroders was approved as a Sub-Adviser at the Quarterly Meeting of the Board of Trustees held on March 20, 2000, and its appointment does not require Shareholder approval. This procedure for adding or replacing Sub-Advisers was approved by the Trust's sole initial shareholder on June 16, 1995, and was authorized by an exemptive order issued to the Trust by the Securities and Exchange Commission on April 29, 1996. In evaluating Schroders, the Trustees received written and oral information from SEI Investments Management Corporation ("SIMC") and Schroders. SIMC recommended the selection of Schroders and reviewed the considerations and the search process that led to its recommendation. The Trustees also met with representatives of Schroders and considered information about portfolio managers, investment philosophy, strategies and process, as well as its performance track record, among other factors. In appointing Schroders, the Trustees carefully evaluated: (1) the nature and quality of the services expected to be rendered to the Fund by Schroders; (2) the distinct investment process of Schroders; (3) the history, reputation, qualification and background of Schroders' personnel and its financial condition; (4) its performance record; and (5) other factors deemed relevant. The Trustees also reviewed the fees to be paid to Schroders, including any benefits to be received by Schroders or its affiliates in connection with soft dollar arrangements. Under the Investment Sub-Advisory Agreement ("Sub-Advisory Agreement") between SIMC (the "Adviser") and Schroders relating to the Fund, Schroders makes investment decisions for the assets of the Fund allocated to Schroders by SIMC, and continuously reviews, supervises and administers the Fund's investment program with respect to these assets. Schroders is independent of SIMC and discharges its responsibilities subject to the supervision of SIMC and the Trustees of the Trust and in a manner consistent with the Fund's investment objectives, policies and limitations. The Sub-Advisory Agreement is substantially similar to those in existence between the Adviser and the Trust's other sub-advisers. Specifically, the duties to be performed under such agreement are similar, and the standard of care and termination provisions of the Agreement are identical, to the other agreements. The Sub-Advisory Agreement will remain in effect until March 2002 (unless earlier terminated), and will have to be approved annually thereafter by a majority of the Trust's Trustees, including a majority of the Trustees who are not "interested persons" of the Trust (as defined in the Investment Company Act of 1940). In connection with the appointment of Schroders as Sub-Adviser to the Fund, the "Sub-Advisers" Section on page 11 of the Prospectus is amended by inserting the following disclosure relating to Schroders: SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. Schroder Investment Management North America Inc. ("Schroders"), acts as a Sub-Adviser for a portion of the assets of the Emerging Markets Equity Fund. Schroders is a registered investment adviser that currently has approximately $48 billion in assets under management. The principal business address of Schroders is 787 Seventh Avenue, 34th Floor, New York, NY 10019. A team of investment professionals at Schroders manages a portion of the assets of the Emerging Markets Equity Fund. Giles Neville heads the Emerging Markets Committee at Schroders. Mr. Neville has over 12 years of investment experience. Listed below are the names and principal occupations of the principal executive officer and each of the directors of Schroders. The principal business address of the principal executive officer and each of the directors, as it relates to their position at Schroders, is 787 Seventh Avenue, 34th Floor, New York, NY 10019.
- -------------------------------------------------------------------------------------- NAME TITLE - -------------------------------------------------------------------------------------- John Alexander Troiano Chief Executive Officer, Director - -------------------------------------------------------------------------------------- Andrew R. Barker Director, Senior Vice President - -------------------------------------------------------------------------------------- William H. Barnes Director, Senior Vice President - -------------------------------------------------------------------------------------- Stefan Bottcher Director - -------------------------------------------------------------------------------------- Heather Frances Crighton Director, Senior Vice President - -------------------------------------------------------------------------------------- Louise Croset Director, Executive Vice President - -------------------------------------------------------------------------------------- Nancy Curtin Director, Managing Director - -------------------------------------------------------------------------------------- Tappan Datta Director, Senior Vice President - -------------------------------------------------------------------------------------- Robert Geoffrey Davy Director, Executive Vice President - -------------------------------------------------------------------------------------- Margaret Douglas-Hamilton Director, Secretary - -------------------------------------------------------------------------------------- Donald H.M. Farquharson Director, Senior Vice President - -------------------------------------------------------------------------------------- Richard Ralston Foulkes Director, Deputy/Chairman - -------------------------------------------------------------------------------------- Philip Hardy Director - -------------------------------------------------------------------------------------- Sharon Louise Haugh Director, Chairman - -------------------------------------------------------------------------------------- Susan B. Kenneally Director, Senior Vice President - -------------------------------------------------------------------------------------- Catherine A. Mazza Director, Senior Vice President - -------------------------------------------------------------------------------------- Thomas Melendez Director, Senior Vice President - -------------------------------------------------------------------------------------- Robert C. Michele Director, Managing Director - -------------------------------------------------------------------------------------- Connie Moak Mazur Director, Senior Vice President - -------------------------------------------------------------------------------------- Paul M. Morris Director, Managing Director - -------------------------------------------------------------------------------------- Gavin Douglas Lewis Ralston Director, Managing Director - -------------------------------------------------------------------------------------- David J. Ridgway Director, Senior Vice President - -------------------------------------------------------------------------------------- David Murray Salisbury Director - -------------------------------------------------------------------------------------- Frances P. Selby Director, Senior Vice President - -------------------------------------------------------------------------------------- Mark Julian Smith Director, Executive Vice President - -------------------------------------------------------------------------------------- Ellen B. Sullivan Director, Senior Vice President - -------------------------------------------------------------------------------------- Nancy B. Tooke Director, Executive Vice President - -------------------------------------------------------------------------------------- Ira L. Unschuld Director, Senior Vice President - -------------------------------------------------------------------------------------- Jan Kees Van Heusde Director, Senior Vice President - -------------------------------------------------------------------------------------- Guy Varney Director, Senior Vice President - -------------------------------------------------------------------------------------- Reza Vishkai Director, Senior Vice President - -------------------------------------------------------------------------------------- Ash C. Williams Director, Executive Vice President - --------------------------------------------------------------------------------------
The Adviser will pay Schroders a fee based on a percentage of the average monthly market value of the assets of the Fund assigned to Schroders. -------------------------- The prospectus is hereby amended to reflect these changes. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE -----END PRIVACY-ENHANCED MESSAGE-----