-----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, LfMzlH1bUUPaNHH8FNOledH7H2yPCW13wSZKJ8nxH+S69FZbXbAjzr6cWu6EwNZn U65yWUvILJW8blJ5wCiS4g== 0000935069-05-002428.txt : 20050829 0000935069-05-002428.hdr.sgml : 20050829 20050829160501 ACCESSION NUMBER: 0000935069-05-002428 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050630 FILED AS OF DATE: 20050829 DATE AS OF CHANGE: 20050829 EFFECTIVENESS DATE: 20050829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEI INSTITUTIONAL INTERNATIONAL TRUST CENTRAL INDEX KEY: 0000835597 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05601 FILM NUMBER: 051055578 BUSINESS ADDRESS: STREET 1: SEI INVESTMENTS ATTN: CAREN ROSCH STREET 2: 1FREEDOM CIRCLE DRIVE CITY: OAKS STATE: PA ZIP: 19456 BUSINESS PHONE: 610 676-3204 MAIL ADDRESS: STREET 1: SEI INVESTMENTS ATTN: CAREN ROSCH STREET 2: 1FREEDOM CIRCLE DRIVE CITY: OAKS STATE: PA ZIP: 19456 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 N-Q 1 siitcombnq6_05.txt SIIT NQ 6_05 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------- FORM N-Q -------- QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY INVESTMENT COMPANY ACT FILE NUMBER 811-5601 SEI INSTITUTIONAL INTERNATIONAL TRUST (Exact name of registrant as specified in charter) -------- c/o CT Corporation 101 Federal Street Boston, MA 02110 (Address of principal executive offices) (Zip code) c/o CT Corporation 101 Federal Street Boston, MA 02110 (Name and address of agent for service) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 1-800-342-5734 DATE OF FISCAL YEAR END: SEPTEMBER 30, 2005 DATE OF REPORTING PERIOD: JUNE 30, 2005 ITEM 1. SCHEDULE OF INVESTMENTS - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2005 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- COMMON STOCK -- 97.5% AUSTRALIA -- 2.7% Amcor 241,700 $ 1,231 BHP Billiton 1,167,300 15,962 BlueScope Steel 489,500 3,045 Brambles Industries 1,949,505 12,088 Insurance Australia Group 335,081 1,530 Macquarie Airports 557,000 1,513 National Australia Bank 402,800 9,425 Newcrest Mining 662,920 8,734 Orica 122,609 1,658 Promina Group 365,800 1,308 Qantas Airways 512,574 1,312 QBE Insurance Group 870,244 10,597 Rinker Group 338,805 3,593 Telstra 901,594 3,473 Wesfarmers 53,500 1,623 Woolworths 203,814 2,558 --------- 79,650 --------- AUSTRIA -- 0.7% Erste Bank der Oesterreichischen Sparkassen (A)* 44,800 2,240 OMV* 12,600 5,484 Raiffeisen International Bank Holding* 11,800 755 Telekom Austria* 680,185 13,220 --------- 21,699 --------- BELGIUM -- 0.5% Delhaize Group* 76,500 4,584 Fortis* 231,018 6,393 KBC Groep 30,800 2,430 UCB 26,521 1,289 --------- 14,696 --------- BRAZIL -- 0.1% Cia de Saneamento Basico do Estado de Sao Paulo* 12,120,000 719 Gerdau ADR* 92,250 898 Uniao de Bancos Brasileiros GDR* 45,700 1,765 --------- 3,382 --------- CANADA -- 2.1% Abitibi-Consolidated (A) 193,100 861 Alcan (A) 228,500 6,862 Bank of Nova Scotia (A) 213,600 7,070 Cameco (A) 72,900 3,253 Canadian Natural Resources 19,300 699 Falconbridge (A) 54,771 940 Great-West Lifeco 3,300 75 Inco* 98,300 3,711 Manulife Financial (A) 80,000 3,822 Methanex (A) 85,200 1,397 Potash Saskatchewan (A) 67,000 6,397 Research In Motion* 89,300 6,586 Rogers Communications, Cl B (A) 218,750 7,180 Royal Bank of Canada (A) 60,059 3,722 Teck Cominco, Cl B (A) 103,900 3,507 TELUS (A) 84,800 2,893 Toronto-Dominion Bank (A) 32,400 1,445 ------------ 60,420 ------------ - --------------------------------------------------------------- Market Value Description Shares ($Thousands) - --------------------------------------------------------------- CHINA -- 0.0% China Petroleum & Chemical 2,176,000 $ 848 ---------- DENMARK -- 0.3% Danske Bank* 110,300 3,314 Novo-Nordisk, Cl B (A)* 46,500 2,364 TDC* 83,400 3,572 --------- 9,250 --------- FINLAND -- 0.6% Fortum (A) 341,300 5,475 Nokia (A) 738,700 12,296 --------- 17,771 --------- FRANCE -- 10.9% Accor* 72,200 3,377 Air Liquide* 20,215 3,439 Assurances Generales de France 215,450 17,612 AXA (A) 769,200 19,159 BNP Paribas 296,157 20,236 Bouygues* 430,200 17,791 Carrefour* 29,600 1,432 Cie Generale d'Optique Essilor International* 24,100 1,644 Compagnie Generale des Etablissements Michelin, Cl B* 21,600 1,312 Credit Agricole 76,363 1,930 Dassault Systemes (A) 230,000 11,122 France Telecom* 1,153,180 33,574 Groupe Danone* 201,000 17,618 L'Oreal 34,700 2,486 Lafarge* 18,800 1,709 Lagardere S.C.A. (A)* 128,800 9,518 Publicis Groupe (A) 245,800 7,234 Renault (A)* 93,600 8,224 Sanofi-Aventis (A)* 626,200 51,306 Sanofi-Aventis* 31,150 2,550 Schneider Electric 84,100 6,327 Societe Generale (A)* 130,198 13,208 Total (A)* 196,486 45,996 Vinci 109,800 9,129 Vivendi Universal* 372,800 11,688 --------- 319,621 --------- GERMANY -- 6.8% Allianz (A)* 44,100 5,045 BASF* 106,100 7,025 Bayer (A)* 230,447 7,671 Bayerische Hypo-und Vereinsbank* 951,700 24,685 Bayerische Motoren Werke* 183,852 8,368 Continental (A)* 108,400 7,777 DaimlerChrysler* 229,300 9,282 Deutsche Bank* 27,800 2,164 Deutsche Boerse (A)* 32,916 2,560 Deutsche Telekom* 858,511 15,824 E.ON* 142,800 12,682 HeidelbergCement* 34,153 2,438 Hypo Real Estate Holding (A)* 86,750 3,287 Infineon Technologies (A)* 840,286 7,815 Linde* 72,747 4,899 MAN* 98,000 4,060 Merck KGaA* 135,600 10,893 Muenchener Rueckversicherungs* 79,381 8,417 SAP* 105,100 18,227 SAP ADR* 18,300 792 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2005 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- Siemens (A)* 443,366 $ 32,260 Volkswagen (A)* 69,000 3,140 ---------- 199,311 ---------- HONG KONG -- 1.3% China Mobile Hong Kong 3,176,500 11,767 CNOOC 13,155,000 7,794 Esprit Holdings 144,500 1,042 Hang Lung Group 415,000 735 Hang Lung Properties 947,000 1,388 Hutchison Whampoa 829,000 7,459 Li & Fung 1,792,000 3,708 PCCW 2,114,000 1,319 Sun Hung Kai Properties 178,000 1,750 Swire Pacific, Cl A (A) 151,300 1,334 ---------- 38,296 ---------- HUNGARY -- 0.0% Mol Magyar Olaj-es Gazipari* 13,000 1,090 ---------- INDIA -- 0.1% Infosys Technologies ADR* 24,200 1,875 Punjab National Bank 90,000 785 ---------- 2,660 ---------- IRELAND -- 0.4% Anglo Irish Bank 437,700 5,421 CRH 132,057 3,501 Depfa Bank* 237,000 3,799 ---------- 12,721 ---------- ISRAEL -- 0.1% Bank Hapoalim* 445,000 1,397 ---------- ITALY -- 2.6% Banca Popolare di Milano 493,250 4,857 ENI - Ente Nazionale Idrocarburi 1,346,885 34,622 Fiat RNC* 462,240 3,100 Sanpaolo IMI* 954,500 13,083 Telecom Italia* 1,859,710 5,802 Telecom Italia RNC (A)* 5,362,513 13,877 ---------- 75,341 ---------- JAPAN -- 22.6% Advantest (A) 56,800 4,182 Aeon 382,200 5,818 Aiful 51,625 3,842 Asatsu-DK (A) 67,600 1,877 Astellas Pharma 288,600 9,838 Bridgestone (A) 96,000 1,841 Canon (A) 753,882 39,550 Central Japan Railway (A) 151 1,166 Chubu Electric Power (A) 57,100 1,370 Dai Nippon Printing 1,035,000 16,608 Daito Trust Construction (A) 59,000 2,205 Daiwa Securities Group 141,000 866 East Japan Railway 1,686 8,654 Fanuc 273,300 17,304 Fast Retailing 122,700 6,357 Fuji Photo Film 213,700 6,912 Furukawa Electric (A)* 244,000 939 Hirose Electric 36,300 3,981 Hitachi (A) 3,616,900 21,889 Honda Motor 150,200 7,384 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- Hoya 17,000 $ 1,955 Ibiden (A) 139,300 3,658 Isetan 517,200 6,476 Ito-Yokado 211,900 6,995 Itochu* 765,000 3,848 Japan Airlines* 261,000 703 Japan Tobacco 393 5,229 JFE Holdings (A)* 224,600 5,525 Kansai Electric Power 588,900 11,836 Kao 569,000 13,381 Kobe Steel 1,705,000 3,196 Komatsu 2,851,000 22,047 Kyocera (A) 274,100 20,913 Lawson 118,600 4,130 Matsushita Electric Industrial 1,156,000 17,487 Millea Holdings* 1,740 23,356 Mitsubishi (A) 851,050 11,520 Mitsubishi Electric 1,224,000 6,465 Mitsubishi Estate (A) 1,234,900 13,525 Mitsubishi Tokyo Financial Group (A)* 572 4,826 Mitsui 173,000 1,632 Mitsui OSK Lines 1,396,000 8,571 Mitsui Sumitomo Insurance 787,000 7,048 Mitsui Trust Holdings* 867,100 8,850 Mizuho Financial Group (A)* 588 2,645 Murata Manufacturing 37,900 1,922 NEC (A) 2,836,000 15,266 Nidec (A) 16,000 1,688 Nikon (A) 150,000 1,690 Nintendo 15,800 1,649 Nippon Electric Glass 233,000 3,500 Nippon Meat Packers* 226,000 2,624 Nippon Telegraph & Telephone 2,038 8,722 Nissan Motor (A) 2,430,800 24,053 Nitto Denko (A) 36,400 2,076 Nomura Holdings 620,000 7,373 NTT DoCoMo 4,782 7,052 OJI Paper 76,000 396 Oriental Land 215,800 12,776 ORIX (A) 171,900 25,691 Osaka Gas 1,484,000 4,667 Promise 50,450 3,224 Ricoh 140,000 2,182 Rohm 93,900 9,009 Sankyo 189,400 3,627 Sega Sammy Holdings* 42,700 2,610 Sekisui House (A) 255,000 2,565 Shimamura 17,300 1,458 Shin-Etsu Chemical 22,200 841 Shinsei Bank 358,000 1,923 SMC 39,400 4,275 Softbank (A) 119,900 4,676 Sompo Japan Insurance 147,000 1,477 Sony (A) 472,600 16,238 Square Enix 240,400 7,333 Sumitomo 500,000 3,990 Sumitomo Chemical 59,000 270 Sumitomo Forestry 141,000 1,359 Sumitomo Heavy Industries 358,000 1,715 Sumitomo Mitsui Financial Group (A)* 4,935 33,216 Suzuki Motor (A) 323,500 5,071 T&D Holdings* 25,650 1,202 Takeda Pharmaceutical 80,700 3,994 Tanabe Seiyaku 31,000 298 TDK 18,400 1,252 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2005 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- Tohoku Electric Power 67,400 $ 1,437 Tokyo Electric Power 168,000 4,005 Tokyo Electron 84,800 4,460 Tokyo Gas (A) 2,713,000 10,141 Toyota Motor 179,900 6,426 Trend Micro (A) 27,500 977 UFJ Holdings* 2,211 11,449 Uni-Charm 31,500 1,266 Yahoo! Japan* 598 1,249 Yamada Denki (A) 52,500 3,017 Yamato Transport 316,800 4,385 ---------- 662,162 ---------- LUXEMBOURG -- 0.4% Arcelor* 368,000 7,182 SES GLOBAL FDR* 291,700 4,289 ---------- 11,471 ---------- MEXICO -- 0.8% America Movil ADR, Ser L* 276,050 16,455 Fomento Economico Mexicano ADR* 99,750 5,942 ---------- 22,397 ---------- NETHERLANDS -- 6.9% ABN AMRO Holding* 1,399,390 34,394 Aegon (A)* 394,812 5,086 Akzo Nobel* 148,414 5,839 CSM* 153,844 4,753 Euronext* 43,500 1,470 European Aeronautic Defense and Space* 65,440 2,077 Heineken* 184,181 5,684 Heineken Holding* 111,562 3,115 ING Groep* 1,200,137 33,747 Koninklijke Ahold* 151,600 1,242 Reed Elsevier 98,100 1,366 Royal Dutch Petroleum* 781,897 50,851 Royal Dutch Petroleum (New York Shares)* 28,000 1,817 Royal KPN* 1,480,295 12,386 Royal Numico* 66,600 2,660 TNT* 276,300 6,992 Unilever* 405,292 26,259 VNU (A)* 129,467 3,605 ---------- 203,343 ---------- NEW ZEALAND -- 0.2% Telecom 1,477,544 6,181 ---------- NORWAY -- 1.1% DNB 200,000 2,079 Norsk Hydro (A) 181,200 16,463 Norske Skogindustrier* 91,300 1,497 Statoil* 333,300 6,782 Tandberg (A)* 464,750 4,945 ---------- 31,766 ---------- PHILIPPINES -- 0.0% Philippine Long Distance Telephone 33,800 983 ---------- PORTUGAL -- 0.2% Portugal Telecom* 726,400 6,913 ---------- - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- SINGAPORE -- 0.7% Flextronics International* 257,000 $ 3,395 Singapore Telecommunications (A) 6,691,716 10,961 United Overseas Bank 622,000 5,227 United Overseas Land* 62,200 84 ---------- 19,667 ---------- SOUTH AFRICA -- 0.6% ABSA Group 188,100 2,320 Sanlam 828,200 1,453 Sasol 440,150 11,862 Telkom 60,230 965 ---------- 16,600 ---------- SOUTH KOREA -- 1.1% Honam Petrochemical 23,600 980 Hyundai Motor 34,600 1,908 Industrial Bank of Korea 88,000 821 INI Steel 59,040 800 Kookmin Bank 18,900 854 Nong Shim 982 284 POSCO 8,800 1,534 Samsung Electronics 5,720 2,712 Samsung Electronics GDR (2)* 72,003 17,157 Shinhan Financial Group 252,000 6,500 ---------- 33,550 ---------- SPAIN -- 4.2% ACS Actividades Cons y Serv (A)* 327,700 9,158 Altadis (A) 95,700 4,006 Banco Bilbao Vizcaya Argentaria (A)* 1,163,500 17,884 Banco Santander Central Hispano* 1,668,900 19,329 Endesa (A)* 246,100 5,723 Iberdrola (A)* 92,800 2,445 Inditex (A)* 127,639 3,281 Repsol (A)* 1,056,900 26,833 Telefonica (A)* 2,039,432 33,284 ---------- 121,943 ---------- SWEDEN -- 1.8% Atlas Copco, Cl A 169,500 2,677 Nordea Bank (A)* 675,609 6,124 Sandvik 37,100 1,376 SKF, Cl B 531,378 5,409 Svenska Cellulosa, Cl B 152,900 4,887 Telefonaktiebolaget LM Ericsson ADR 222,250 7,101 Telefonaktiebolaget LM Ericsson, Cl B (A) 1,815,000 5,793 Volvo, Cl B (A) 495,000 20,098 ---------- 53,465 ---------- SWITZERLAND -- 7.7% Compagnie Financiere Richemont, Cl A* 241,097 8,087 Credit Suisse Group* 378,704 14,849 Geberit (A)* 2,013 1,288 Holcim* 322,287 19,582 Micronas Semiconductor Holdings* 21,900 826 Nestle 182,831 46,721 Novartis* 1,048,250 49,783 Roche Holding* 128,456 16,213 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2005 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- SGS* 7,440 $ 5,100 Swiss Reinsurance* 93,749 5,750 Swisscom* 12,229 3,986 Syngenta* 14,732 1,508 Synthes (A)* 16,900 1,853 UBS* 541,485 42,225 Xstrata* 440,000 8,467 ---------- 226,238 ---------- TAIWAN -- 0.5% Chunghwa Telecom ADR (A)* 264,809 5,675 Compal Electronics 1,200,000 1,190 Far EasTone Telecommunications GDR (2)* 33,600 646 HON HAI Precision Industry GDR* 163,300 1,688 Taiwan Semiconductor Manufacturing 993,297 1,732 Taiwan Semiconductor Manufacturing ADR* 495,177 4,516 ---------- 15,447 ---------- THAILAND -- 0.0% PTT* 199,200 1,047 ---------- TURKEY -- 0.0% Ford Otomotiv Sanayi 150,793 994 ---------- UNITED KINGDOM -- 19.5% Allied Domecq 1,376,216 16,617 ARM Holdings 329,600 666 AstraZeneca 195,365 8,058 AstraZeneca (SEK)* 204,786 8,469 Aviva 487,223 5,412 BAA 268,112 2,972 Barclays 2,350,593 23,309 BHP Billiton 1,805,610 23,027 BOC Group* 557,962 10,016 BP 5,108,265 53,146 Bradford & Bingley 235,500 1,382 Brambles Industries 169,900 928 British American Tobacco 442,399 8,524 British Land 101,100 1,585 BT Group 1,998,500 8,234 Bunzl 291,180 2,703 Cadbury Schweppes 3,056,383 29,098 Carnival 95,600 5,423 Diageo 214,800 3,161 Filtrona* 1 -- Friends Provident* 344,380 1,120 GlaxoSmithKline 1,451,830 35,096 GUS 898,127 14,136 Hanson 120,100 1,152 Hays 3,114,428 7,204 HBOS 966,500 14,866 HSBC Holdings 1,411,801 22,460 Imperial Tobacco Group 754,351 20,280 Intercontinental Hotels Group 383,833 4,836 ITV 838,957 1,843 J Sainsbury 600,500 3,062 Lloyds TSB Group 296,200 2,502 Mitchells & Butlers 297,600 1,785 National Grid Transco 1,977,597 19,121 Next 58,100 1,567 O2 3,918,250 9,569 Pearson 633,600 7,446 Persimmon 259,100 3,619 - ---------------------------------------------------------------- Shares/Face Market Value Description Amount($Thousands) ($Thousands) - ---------------------------------------------------------------- Punch Taverns 266,800 $ 3,497 Reckitt Benckiser 468,687 13,773 Reed Elsevier 1,798,893 17,189 Rio Tinto 329,000 10,022 Rolls-Royce Group* 1,453,638 7,461 Rolls-Royce Group, Cl B* 57,380,200 103 Royal & Sun Alliance Insurance Group 1,000,000 1,497 Royal Bank of Scotland Group 1,036,754 31,228 Scottish & Southern Energy 109,000 1,973 Scottish Power 812,762 7,215 Shell Transport & Trading 614,100 5,949 Sportingbet* 633,900 3,710 Standard Chartered 271,500 4,948 Tate & Lyle 418,100 3,567 Taylor Woodrow 190,000 1,146 Trinity Mirror 115,500 1,276 Unilever 680,900 6,553 Vodafone Group 22,824,112 55,514 Whitbread 213,428 3,650 Wimpey George 404,100 3,172 Wolseley 184,236 3,864 ---------- 571,701 ---------- Total Common Stock (Cost $2,414,566) ($ Thousands) 2,864,021 ---------- PREFERRED STOCK -- 0.7% AUSTRALIA -- 0.0% News* 76,210 1,240 ---------- BRAZIL -- 0.2% Braskem* 116,000 969 Petroleo Brasileiro* 59,000 2,688 Suzano Bahia Sul Papel e Celulose* 126,000 523 Usinas Siderurgicas de Minas Gerais, Cl A* 54,200 881 ---------- 5,061 ---------- GERMANY -- 0.4% Porsche* 16,015 12,053 ---------- ITALY -- 0.1% Fiat* 241,940 1,561 ---------- Total Preferred Stock (Cost $16,486) ($ Thousands) 19,915 ---------- COMMERCIAL PAPER (C) -- 10.3% Ajax Bambino (B) 3.120%, 07/06/05 $ 36,000 35,984 ASAP Funding (B) 3.270%, 07/06/05 14,000 13,994 3.110%, 07/05/05 15,000 14,995 Bavaria TRR (B) 3.120%, 07/01/05 25,000 25,000 3.090%, 07/01/05 6,000 6,000 Broadhollow Funding (B) 3.310%, 07/27/05 20,200 20,152 Cre-8 Funding (B) 3.340%, 07/12/05 10,000 9,990 Freedom Park Capital (B) 3.350%, 07/27/05 25,000 24,939 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2005 - ---------------------------------------------------------------- Shares/Face Market Value Description Amount($Thousands) ($Thousands) - ---------------------------------------------------------------- Harwood Street Funding (B) 3.120%, 07/07/05 $ 36,000 $ 35,981 Main Street Warehouse (B) 3.210%, 07/06/05 15,000 14,993 3.210%, 07/15/05 14,500 14,482 McKinley Funding (B) 3.300%, 07/27/05 15,000 14,964 Mitten RFC (B) 3.160%, 07/05/05 30,000 29,989 Park Granada (B) 3.270%, 07/29/05 30,000 29,924 UBS Finance 3.200%, 07/05/05 7,400 7,397 UPS 3.090%, 07/01/05 2,590 2,590 ---------- Total Commercial Paper (Cost $301,374) ($ Thousands) 301,374 ---------- ASSET-BACKED SECURITIES (B)(D) -- 5.9% Harrier Finance 3.270%, 07/27/05 25,000 25,000 K2 Funding 3.270%, 07/01/05 25,000 25,000 Leek Finance, Ser 14A, Cl A1 3.270%, 07/21/05 14,009 14,009 Links Finance 3.270%, 07/01/05 25,000 25,000 Park Place Securities NIM Trust 3.360%, 07/25/05 17,087 17,087 Theta 3.280%, 07/01/05 25,000 25,000 Wachovia Asset Securization, Ser 2004-HM1A, Cl A 3.300%, 07/25/05 16,818 16,818 Whistlejacket Funding 3.280%, 07/01/05 25,000 25,000 ---------- Total Asset-Backed Securities (Cost $172,914) ($ Thousands) 172,914 ---------- U.S. TREASURY OBLIGATION -- 0.0% U.S. Treasury Bills (1) 2.935%, 08/25/05 900 896 ---------- Total U.S. Treasury Obligation (Cost $896) ($ Thousands) 896 ---------- CONVERTIBLE BOND -- 0.0% SWITZERLAND -- 0.0% Credit Suisse Group 6.000%, 12/23/05 186 200 ---------- Total Convertible Bond (Cost $133) ($ Thousands) 200 ---------- CASH EQUIVALENTS -- 1.2% Barclays Global Investors Funds, Prime Money Market Fund (B) 25,307,212 25,307 SEI Daily Income Trust, Prime Obligation Fund, Cl A (E) 7,232,253 7,232 - ---------------------------------------------------------------- Shares/Face Market Value Description Amount($Thousands) ($Thousands) - ---------------------------------------------------------------- The Reserve Funds, Primary Fund, Cl 8 (B) 2,221,464 $ 2,221 ---------- Total Cash Equivalents (Cost $34,760) ($ Thousands) 34,760 ---------- REPURCHASE AGREEMENTS (B) -- 2.6% Barclays Capital 3.350%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $40,003,722 (collateralized by various Treasury and FNMA obligations, ranging in par value $641,000-$16,721,000, 0.000%-3.625%, 09/28/05-04/15/32; total market value $40,800,082) $ 40,000 40,000 Goldman Sachs 3.430%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $35,003,335 (collateralized by a government obligation, par value $35,072,878, 5.500%, 06/01/35; total market value $35,700,001) 35,000 35,000 ---------- Total Repurchase Agreements (Cost $75,000) ($ Thousands) 75,000 ---------- Total Investments -- 118.2% (Cost $3,016,129)+ ($ Thousands) $3,469,080 ========== Percentages are based on Net Assets of $2,935,481 ($ Thousands). * Non-Income Producing Security (1) Securities pledged as collateral on open futures contracts. The rates shown are effective yields at the time of purchase. (2) Security sold with terms of a private placement memorandum, exempt from registration under Section 144a of the Securities Act 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." (A) This security or a partial position of this security is on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 was $535,660 ($ Thousands). (B) This security was purchased with cash collateral held from securities lending. The total value of such securities as of June 30, 2005 was $566,830 ($ Thousands). (C) The rate reported is the effective yield at time of purchase. (D) Floating Rate Security -- The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2005. (E) Pursuant to an exemptive order issued by the Securities and Exchange Commission, the Fund may invest in the SEI money market funds, provided that investments in the SEI money market funds do not exceed 25% of the investing Fund's total assets. ADR -- American Depositary Receipt Cl -- Class FDR -- Fiduciary Depositary Receipt FNMA -- Federal National Mortgage Association GDR -- Global Depositary Receipt SEK -- Swedish Krona Ser -- Series Amounts designated as "--" are either $0 or have been rounded to $0. + At June 30, 2005, the tax basis cost of the Fund's investments was $3,016,129 ($ Thousands), and the unrealized appreciation and depreciation were $516,649 and $(63,698) ($ Thousands), respectively. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2005 The Fund had the following future contracts open as of June 30, 2005: - ------------------------------------------------------------------------------- Contract Unrealized Contract Number of Value Expiration Appreciation/ Description Contracts ($ Thousands) Date ($ Thousands) - ------------------------------------------------------------------------------- DJ Euro Stoxx Long 84 $3,252 September 2005 $ 47 FT-SE 100 Index Long 29 2,662 September 2005 39 Hang Seng Index Long 2 183 July 2005 -- SPI 200 Index Long 8 651 September 2005 6 Topix Index Long 19 2,014 September 2005 54 ======= $146 ======= Amounts designated as "--" are either $0 or have been rounded to $0. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual and annual financial statements. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund June 30, 2005 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- COMMON STOCK -- 91.7% ARGENTINA -- 0.4% IRSA Inversiones y Representaciones GDR* 200,600 $ 2,447 Telecom Argentina ADR (C)* 194,700 2,325 Telecom Argentina, Ser B ADR* 23,000 275 ---------- 5,047 ---------- BRAZIL -- 6.0% All America Latina Logistica* 21,100 621 Aracruz Celulose ADR* 25,543 888 Banco Bradesco ADR (C)* 37,800 1,338 Banco do Brasil* 35,500 473 Banco Itau Holding Financeira ADR* 11,990 1,109 Brasil Telecom Participacoes ADR* 64,710 2,336 Braskem ADR* 27,700 465 Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR (C)* 222,114 4,418 Cia de Saneamento Basico do Estado de Sao Paulo* 26,264,600 1,558 Cia de Saneamento Basico do Estado de Sao Paulo ADR* 18,900 284 Cia Energetica de Minas Gerais ADR* 36,300 1,156 Cia Siderurgica Nacional ADR* 9,200 148 Cia Vale do Rio Doce ADR* 803,469 21,101 CPFL Energia ADR* 46,100 1,092 Diagnosticos da America* 50,500 680 Empresa Brasileira de Aeronautica ADR* 74,920 2,478 Gol Linhas Aereas Inteligentes ADR* 8,500 255 Grendene 238,280 1,636 Investimentos Itau* 14,642 30 Localiza Rent a Car* 62,400 328 Lojas Renner* 95,400 1,495 Natura Cosmeticos* 24,500 772 Petroleo Brasileiro ADR* 201,577 10,508 Tele Centro Oeste Celular Participacoes ADR* 31,700 319 Tele Norte Leste Participacoes* 75,068 1,704 Tele Norte Leste Participacoes ADR (C)* 177,827 2,961 Telecomunicacoes Brasileiras ADR* 51,360 1,566 Tim Participacoes ADR* 187,642 2,965 Ultrapar Participacoes ADR* 6,800 119 Uniao de Bancos Brasileiros* 68,900 527 Uniao de Bancos Brasileiros GDR (C)* 77,829 3,006 Uniao de Bancos Brasileiros GDR* 26,951 1,041 ---------- 69,377 ---------- CHILE -- 1.0% Banco Santander Chile ADR* 91,000 2,939 Cia Cervecerias Unidas ADR* 7,677 184 CorpBanca* 192,194,178 1,006 Empresa Nacional de Electricidad ADR (C)* 124,900 3,110 Empresas CMPC* 12,100 282 Enersis* 12,281,127 2,589 Enersis ADR* 115,122 1,202 ---------- 11,312 ---------- - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- CHINA -- 2.8% Beijing Capital International Airport 885,000 $ 353 Byd (C) 638,500 1,368 China Petroleum & Chemical 20,789,400 8,101 China Petroleum & Chemical ADR* 7,800 304 China Shenhua Energy* 5,993,300 5,783 China Shipping Development 3,302,000 2,489 China Telecom 19,888,800 7,101 Datang International Power Generation 125,000 94 Huadian Power International (C) 6,185,400 1,742 Huaneng Power International 2,747,900 2,015 Sinopec Yizheng Chemical Fibre (C) 4,561,600 719 Sinotrans (C) 3,295,000 1,024 Weiqiao Textile 375,500 527 Yanzhou Coal Mining 963,200 759 ZTE 116,200 347 ---------- 32,726 ---------- COLOMBIA -- 0.2% BanColombia ADR* 146,200 2,338 ---------- CROATIA -- 0.1% Pliva D.D. GDR (A)* 109,900 1,408 ---------- CZECH REPUBLIC -- 0.6% Cesky Telecom GDR* 268,123 4,982 Komercni Banka* 13,230 1,635 ---------- 6,617 ---------- EGYPT -- 1.0% Commercial International Bank GDR* (A) 101,500 825 Mobinil-Egyptian Mobile Services 42,916 1,334 Orascom Construction Industries* 142,190 4,124 Orascom Construction Industries GDR* 20,900 1,188 Orascom Telecom Holding* 16,300 1,652 Orascom Telecom Holding GDR* 39,000 1,961 Suez Cement 19,436 275 ---------- 11,359 ---------- HONG KONG -- 2.7% ASM Pacific Technology 377,000 1,755 Beijing Enterprises Holdings 360,000 504 Brilliance China Automotive Holdings (C) 2,649,000 464 China Mengniu Dairy 3,800,000 2,512 China Merchants Holdings International 403,000 780 China Mobile Hong Kong 2,549,300 9,444 China Netcom Group 432,500 626 China Resources Enterprise 1,896,300 2,916 CNOOC 5,648,000 3,346 Denway Motors 5,279,500 1,872 Giordano International 2,680,000 1,842 GOME Electrical Appliances Holdings 377,000 325 Panva Gas Holdings* 715,000 298 Shanghai Industrial Holdings (C) 1,049,600 2,041 Yue Yuen Industrial Holdings 596,500 1,820 ---------- 30,545 ---------- - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund June 30, 2005 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- HUNGARY -- 1.6% BorsodChem* 78,940 $ 880 Gedeon Richter* 33,102 4,861 Magyar Telekom* 623,609 2,665 Mol Magyar Olaj-es Gazipari* 47,564 3,988 OTP Bank* 164,044 5,553 ---------- 17,947 ---------- INDIA -- 8.1% Bharat Heavy Electricals 68,672 1,365 Bharat Petroleum 267,300 2,254 Bharti Televentures* 937,654 5,229 Dr. Reddy's Laboratories 30,607 528 Dr. Reddy's Laboratories ADR* 125,500 2,123 GAIL India 181,232 946 GAIL India GDR (A)* 39,800 1,251 Grasim Industries 143,724 3,500 HCL Technologies 17,886 159 HDFC Bank 98,920 1,432 Hindalco Industries 155,750 4,284 Hindalco Industries GDR (A)* 104,100 2,691 Hindustan Lever 83,408 314 Hindustan Petroleum 511,330 3,593 ICICI Bank 80,817 780 ICICI Bank ADR* 119,825 2,618 Indian Overseas Bank 1,739,149 2,938 Industrial Development Bank of India 647,424 1,516 Infosys Technologies 172,054 9,318 ITC 14,558 552 Jet Airways India* 41,265 1,198 Larsen & Toubro 56,407 1,471 Mahanagar Telephone Nigam 1,014,150 2,694 Mahanagar Telephone Nigam ADR* 76,050 481 Mahindra & Mahindra 79,466 1,021 Oil & Natural Gas 525,300 12,298 Ranbaxy Laboratories 25,566 620 Reliance Industries 477,639 7,033 Reliance Industries GDR (A)(C)* 213,037 6,202 Satyam Computer Services 300,079 3,503 State Bank of India GDR (A)* 72,500 2,887 Tata Consultancy Services* 78,391 2,433 Tata Motors 307,546 2,999 UTI Bank 55,209 312 UTI Bank GDR* 183,190 1,041 ---------- 93,584 ---------- INDONESIA -- 1.6% Astra International* 1,900,000 2,464 Bank Central Asia* 2,665,000 980 Bank Mandiri Persero* 5,673,900 869 Bumi Resources* 17,818,500 1,512 Gudang Garam 1,471,600 1,906 Indofood Sukses Makmur 12,322,200 1,388 Indosat* 1,442,000 815 Telekomunikasi Indonesia* 16,887,800 8,729 Telekomunikasi Indonesia ADR* 3,400 71 ---------- 18,734 ---------- ISRAEL -- 2.2% Bank Hapoalim* 1,917,603 6,021 Bank Leumi Le-Israel* 884,091 2,274 Bezeq Israeli Telecommunication* 172,550 199 Check Point Software Technologies* 48,600 962 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- Lipman Electronic Engineering* 34,900 $ 1,074 Makhteshim-Agan Industries* 709,768 3,862 Super-Sol* 303,050 709 Teva Pharmaceutical Industries ADR* 313,428 9,760 ---------- 24,861 ---------- MALAYSIA -- 4.3% Astro All Asia Networks* 436,100 625 Berjaya Sports Toto* 576,300 636 Commerce Asset Holdings* 1,480,200 1,967 Gamuda* 2,212,700 2,406 Genting* 701,300 3,484 IJM* 185,500 240 IOI* 1,097,200 3,028 Kuala Lumpur Kepong* 511,200 921 Magnum* 745,200 423 Malakoff* 1,777,700 3,553 Malaysia International Shipping* 664,800 3,128 Malaysia International Shipping (Foreign Market)* 798,900 3,756 MK Land Holdings* 533,800 155 PLUS Expressways* 569,800 492 Proton Holdings* 279,000 518 Public Bank* 1,045,175 1,843 Public Bank (Foreign Market) 1,512,300 2,661 Resorts World* 1,742,300 4,347 Sime Darby* 3,658,600 5,584 Telekom Malaysia* 2,512,900 6,600 Tenaga Nasional* 800,000 2,211 Titan Chemicals* 1,313,700 622 ---------- 49,200 ---------- MEXICO -- 5.9% Alfa* 624,300 3,540 America Movil ADR, Ser L* 139,362 8,307 Cemex* 407,776 1,729 Cemex ADR* 60,639 2,572 Coca-Cola Femsa ADR* 227,642 6,080 Consorcio ARA* 902,700 3,115 Controladora Comercial Mexicana* 2,128,500 2,567 Corporacion GEO, Ser B* 169,600 428 Desc, Ser B* 2,947,466 817 Embotelladoras Arca* 41,200 88 Empresas ICA Sociedad Controladora ADR* 365,200 887 Fomento Economico Mexicano ADR* 64,282 3,829 Grupo Bimbo, Ser A* 311,700 895 Grupo Continental* 997,200 1,659 Grupo Financiero Banorte* 929,941 6,125 Grupo Mexico, Ser B* 196,200 319 Grupo Modelo, Ser C* 292,600 912 Grupo Televisa ADR* 112,230 6,969 Kimberly-Clark de Mexico, Ser A* 1,033,231 3,536 Telefonos de Mexico ADR, Ser L* 527,104 9,957 Urbi Desarrollos Urbanos* 226,400 1,242 Wal-Mart de Mexico, Ser V* 593,709 2,409 ---------- 67,982 ---------- NETHERLANDS -- 0.0% Efes Breweries International GDR* 9,200 311 ---------- - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund June 30, 2005 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- PAKISTAN -- 0.0% Pakistan Telecommunication 507,500 $ 561 ---------- PERU -- 0.1% Cia de Minas Buenaventura ADR* 50,600 1,163 ---------- PHILIPPINES -- 0.4% ABS-CBN Broadcasting PDR* 1,275,900 238 Bank of the Philippine Islands* 1,436,689 1,246 Manila Electric* 1,230,700 473 Philippine Long Distance Telephone ADR* 41,000 1,191 SM Investments* 206,490 942 ---------- 4,090 ---------- POLAND -- 0.4% Bank Przemyslowo-Handlowy* 521 89 KGHM Polska Miedz* 143,996 1,458 Opoczno* 30,578 503 Powszechna Kasa Oszczednosci Bank Polski* 79,500 643 Telekomunikacja Polska* 241,256 1,484 ---------- 4,177 ---------- RUSSIA -- 5.5% AFK Sistema GDR* 108,691 1,783 Evraz Group* 117,400 1,655 LUKOIL ADR (C)* 622,168 22,883 Mechel Steel Group OAO ADR* 39,800 1,011 MMC Norilsk Nickel ADR* 54,479 3,323 Mobile Telesystems ADR* 288,244 9,699 OAO Gazprom ADR* 135,104 4,851 Pyaterochka Holding GDR (A)* 80,237 1,156 Sberbank GDR* 70,771 4,716 Surgutneftegaz ADR (C)* 83,142 3,101 Unified Energy System GDR* 24,000 720 Vimpel-Communications ADR* 242,198 8,242 ---------- 63,140 ---------- SINGAPORE -- 0.1% Goodpack* 765,000 633 ---------- SOUTH AFRICA -- 8.4% ABSA Group 533,652 6,583 Alexander Forbes* 551,161 1,063 Anglo Platinum (C) 46,209 2,054 AngloGold Ashanti 55,188 1,980 Aveng 785,192 1,451 Barloworld (C) 378,795 5,380 Bidvest Group 208,281 2,261 Edgars Consolidated Stores (C) 124,169 5,375 FirstRand (C) 651,867 1,355 Illovo Sugar 851,840 1,103 Impala Platinum Holdings 53,549 4,774 JD Group 432,217 4,150 Liberty Group (C) 83,490 742 Massmart Holdings 967,278 6,484 Mittal Steel South Africa 217,939 1,529 MTN Group 899,360 5,941 Nampak 1,213,025 2,699 Naspers (C) 130,927 1,623 Nedbank Group (C) 430,152 4,789 Network Healthcare Holdings* 830,950 761 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- Sanlam 4,398,488 $ 7,715 Sappi 598,135 6,558 Sasol (C) 342,922 9,242 Shoprite Holdings 319,860 701 Standard Bank Group 730,402 7,052 Steinhoff International Holdings 713,379 1,640 Telkom 85,861 1,376 Tongaat-Hulett Group 24,341 218 ---------- 96,599 ---------- SOUTH KOREA -- 17.6% Cheil Communications 2,860 535 CJ 44,920 3,333 Daegu Bank 273,940 2,334 Daelim Industrial 68,490 3,628 Daewoo Shipbuilding & Marine Engineering 233,350 4,478 GS Holdings 99,530 2,341 Hankook Tire 565,480 6,827 Hyundai Department Store 22,120 1,014 Hyundai Development 36,510 848 Hyundai Electronics* 171,830 2,784 Hyundai Mobis 14,720 985 Hyundai Motor 117,980 6,505 Industrial Bank of Korea 167,910 1,566 INI Steel 51,340 696 Kangwon Land 181,314 2,591 Kia Motors 80,510 1,060 Kookmin Bank 428,220 19,345 Kookmin Bank ADR* 101,244 4,615 Korea Electric Power 259,620 7,930 Korean Reinsurance 240,680 1,511 KT ADR* 240,403 5,169 KT&G 130,910 5,107 Kumho Tire GDR (A)* 66,600 483 LG Chem 65,320 2,385 LG Electronics 32,540 2,048 LG Engineering & Construction 44,090 1,450 LG Philips LCD* 57,250 2,640 POSCO 19,810 3,453 POSCO ADR* 75,650 3,326 Pusan Bank 251,650 2,221 S-Oil 7,490 598 Samsung 39,140 510 Samsung Electro-Mechanics 122,240 2,827 Samsung Electronics 113,432 53,773 Samsung Fire & Marine Insurance 172,930 13,900 Samsung SDI 20,738 1,924 Shinhan Financial Group 209,900 5,414 Shinsegae 36,503 11,463 SK 21,660 1,139 SK Telecom 9,700 1,706 SK Telecom ADR* 297,845 6,076 ---------- 202,538 ---------- TAIWAN -- 14.8% Accton Technology* 1,143,649 614 Advanced Semiconductor Engineering 8,820,000 6,571 Asustek Computer 988,925 2,788 AU Optronics 1,182,000 1,971 Benq 1,980,300 1,915 Catcher Technology 670,800 3,873 Cathay Financial Holding 4,423,180 8,899 China Motor* 1,263,000 1,304 China Steel 3,189,890 3,222 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund June 30, 2005 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- Chinatrust Financial Holding 5,977,056 $ 6,507 Chunghwa Telecom 2,674,000 5,463 Compal Electronics 6,998,226 6,940 Delta Electronics 750,853 1,164 Elan Microelectronics 761,169 387 Eva Airways 7,897,000 3,816 Far Eastern Textile 1,859,000 1,325 Far EasTone Telecommunications* 2,148,000 2,754 First Financial Holding 3,190,000 2,637 Formosa Chemicals & Fibre 1,000,000 1,941 Formosa Plastics 855,650 1,400 Foxconn Technology* 242,000 913 Fubon Financial Holding 2,401,000 2,335 High Tech Computer 372,360 3,142 HON HAI Precision Industry* 3,554,531 18,459 Kindom Construction* 184,700 50 Makalot Industrial 138,000 189 MediaTek 143,249 1,239 Mega Financial Holding 1,004,000 660 Merry Electronics 159,000 423 Nan Ya Plastic 918,977 1,354 Nien Hsing Textile 1,023,000 859 Nien Made Enterprises 1,002,320 1,571 Novatek Microelectronics* 990,000 4,243 Optimax Technology* 1,363,043 3,145 Powerchip Semiconductor 3,167,000 2,234 President Chain Store 255,168 504 Quanta Computer* 4,082,608 7,798 Siliconware Precision Industries* 537,900 528 SinoPac Financial Holdings 6,494,055 3,257 Sunplus Technology 154,000 217 Taishin Financial Holdings 616,000 515 Taiwan Green Point Enterprise 228,777 893 Taiwan Mobile 2,253,632 2,320 Taiwan Semiconductor Manufacturing 13,880,499 24,211 Taiwan Semiconductor Manufacturing ADR* 307,439 2,804 Unimicron Technology 959,151 788 United Microelectronics* 23,034,782 16,835 United Microelectronics ADR* 20,295 83 Yageo* 9,208,440 3,564 Yuanta Core Pacific Securities 374,251 276 ---------- 170,900 ---------- THAILAND -- 3.1% Advanced Info Service* 1,866,000 4,409 Asian Property Development 1,802,100 157 Asian Property Development NVDR* 3,543,700 310 Bangkok Bank* 2,964,200 7,716 Charoen Pokphand Foods* 8,803,100 901 CP Seven Eleven* 2,521,000 345 Delta Electronics Thai* 855,000 348 Italian-Thai Development* 2,838,200 651 Kasikornbank* 313,300 417 Kasikornbank NVDR (C)* 3,083,334 4,232 Krung Thai Bank (C)* 13,672,400 3,060 Land and Houses NVDR (C)* 10,455,800 1,714 PTT* 557,400 2,929 Siam Cement* 827,050 4,835 Siam Cement NVDR (C)* 69,600 383 Siam Commercial Bank* 1,484,200 1,681 Siam Makro* 518,400 770 Sino Thai Engineering & Construction (C)* 836,567 215 - ---------------------------------------------------------------- Market Value Description Shares ($Thousands) - ---------------------------------------------------------------- Thai Airways International (C)* 1,006,800 $ 966 ---------- 36,039 ---------- TURKEY -- 2.0% Akbank 1,078,194 6,216 Arcelik* 332,379 1,979 Haci Omer Sabanci Holding 619,826 2,390 Petkim Petrokimya Holding* 95,440 418 Tupras Turkiye Petrol Rafine* 139,685 1,998 Turk Sise ve Cam Fabrikalari* 184,869 540 Turkcell Iletisim Hizmet 443,669 2,193 Turkiye Garanti Bankasi* 466,933 2,010 Turkiye Is Bankasi 893,345 5,218 ---------- 22,962 ---------- UNITED KINGDOM -- 0.6% Anglo American 95,020 2,223 Anglo American (South African Shares) 18,944 443 BHP Billiton (C) 109,073 1,389 Dimension Data Holdings (C)* 431,072 253 Old Mutual 1,218,163 2,656 ---------- 6,964 ---------- UNITED STATES -- 0.0% EMPS* 79,500 219 ---------- VENEZUELA -- 0.2% Cia Anonima Nacional Telefonos de Venezuela ADR* 125,729 2,381 ---------- Total Common Stock (Cost $872,088) ($ Thousands) 1,055,714 ---------- PREFERRED STOCK -- 5.3% BRAZIL -- 4.7% Banco Bradesco* 24,817 872 Bradespar* 23,800 400 Brasil Telecom* 160,758,500 688 Braskem* 302,400 2,525 Caemi Mineracao e Metalurgica* 737,900 688 Centrais Eletricas Brasileiras* 27,208,000 347 Cia de Tecidos do Norte de Minas - Coteminas* 18,242,000 1,637 Cia Energetica de Minas Gerais* 173,587,593 5,454 Cia Paranaense de Energia* 294,938,600 1,664 Cia Siderurgica Belgo Mineira* 1,912,700 854 Cia Siderurgica de Tubarao* 6,952,200 319 Cia Vale do Rio Doce, Cl A* 32,700 821 Duratex* 111,255 900 Investimentos Itau* 1,930,336 4,153 Petroleo Brasileiro* 48,000 2,192 Petroleo Brasileiro ADR* 439,670 20,242 Tam* 352,200 2,504 Tele Norte Leste Participacoes* 13,347 220 Telecomunicacoes de Sao Paulo* 51,177 1,032 Telemar Norte Leste* 234,790 5,665 Telemig Celular Participacoes* 605,165,310 984 Ultrapar Participacoes* 29,000,000 504 ---------- 54,665 ---------- - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund June 30, 2005 - ---------------------------------------------------------------- Shares/Face Market Value Description Amount ($Thousands) ($Thousands) - ---------------------------------------------------------------- SOUTH KOREA -- 0.6% Hyundai Motor* 73,890 $ 2,467 Hyundai Motor (Second Preferred)* 117,460 4,205 ---------- 6,672 ---------- Total Preferred Stock (Cost $45,866) ($ Thousands) 61,337 ---------- COMMERCIAL PAPER (D)(E) -- 1.3% Ajax Bambino 3.320%, 07/22/05 $ 1,700 1,697 ASAP Funding 3.180%, 07/11/05 1,750 1,749 Bavaria TRR 3.120%, 07/01/05 1,700 1,700 Broadhollow Funding 3.270%, 07/18/05 1,700 1,697 Cre-8 Funding 3.340%, 07/12/05 1,000 999 Freedom Park Capital 3.350%, 07/27/05 1,500 1,496 Harwood Street Funding 3.290%, 07/20/05 1,700 1,697 Mitten RFC 3.180%, 07/05/05 1,700 1,699 Park Granada 3.270%, 07/29/05 1,900 1,895 ---------- Total Commercial Paper (Cost $14,629) ($ Thousands) 14,629 ---------- DEBENTURE BOND -- 0.0% BRAZIL -- 0.0% Companhia Vale do Rio Doce 0.000%, 09/30/49 8 -- ---------- Total Debenture Bond (Cost $0) ($ Thousands) -- ---------- EQUITY LINKED WARRANT (B) -- 0.0% THAILAND -- 0.0% Sino Thai Engineering & Construction, Expires 03/14/08 221,667 12 ---------- Total Equity Linked Warrant (Cost $0) ($ Thousands) 12 ---------- RIGHTS -- 0.0% TAIWAN -- 0.0% Taiwan Green Point Enterprises Expires 08/04/05* 228,777 15 ---------- Total Rights (Cost $0) ($ Thousands) 16 ---------- CASH EQUIVALENTS -- 0.7% Barclays Global Investors Funds, Prime Money Market Fund (D) 347,554 348 - ---------------------------------------------------------------- Shares/Face Market Value Description Amount ($Thousands) ($Thousands) - ---------------------------------------------------------------- The Reserve Funds, Primary Fund, Cl 8 (D) 219,803 $ 220 SEI Daily Income Trust, Prime Obligation Fund, Cl A (F) 7,531,148 7,531 ---------- Total Cash Equivalents (Cost $8,098) ($ Thousands) 8,099 ---------- REPURCHASE AGREEMENTS (D) -- 2.4% Bank of America 3.430%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $16,001,524 (collateralized by a FNMA obligation, par value $16,539,904, 5.000%, 04/01/35; total market value $16,320,001) $ 16,000 16,000 Goldman Sachs 3.430%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $5,000,476 (collateralized by a U.S. Treasury obligation, par value $4,795,000, 4.750%, 05/15/14; total market value $5,100,142) 5,000 5,000 Lehman Brothers 3.430%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $7,000,667 (collateralized by various government obligations, ranging in par value $605,628-$5,500,000, 6.000%-9.000%, 01/01/08-04/01/32; total market value $7,140,300) 7,000 7,000 ---------- Total Repurchase Agreements (Cost $28,000) ($ Thousands) 28,000 ---------- Total Investments -- 101.4% (Cost $968,681)+ ($ Thousands) $1,167,806 ========== Percentages are based on Net Assets of $1,151,262 ($ Thousands). * Non-Income Producing Security (A) Securities sold with terms of a private placement memorandum, exempt from registration under Section 144a of the Securities Act 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." (B) Security considered illiquid. The total value of such securities as of June 30, 2005 was $12 ($ Thousands) and represents 0.0% of Net Assets. (C) This security or a partial position of this security is on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 was $41,462 ($ Thousands). (D) This security was purchased with cash collateral held from securities lending. The total value of such securities as of June 30, 2005 was $43,196 ($ Thousands). (E) The rate reported is the effective yield at time of purchase. (F) Pursuant to an exemptive order issued by the Securities and Exchange Commission, the Fund may invest in the SEI money market funds, provided that investments in the SEI money market funds do not exceed 25% of the investing Fund's total assets. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund June 30, 2005 ADR -- American Depositary Receipt Cl -- Class FNMA -- Federal National Mortgage Association GDR -- Global Depositary Receipt NVDR -- Non-Voting Depositary Receipt PDR -- Philippine Depositary Receipt Ser -- Series Amounts designated as "-" are either $0 or have been rounded to $0. + At June 30, 2005, the tax basis cost of the Fund's investments was $968,681 ($ Thousands), and the unrealized appreciation and depreciation were $217,576 and $(18,451) ($ Thousands), respectively. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2005 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- GLOBAL BONDS -- 78.4% AUSTRIA -- 0.6% Republic of Austria 3.800%, 10/20/13 EUR 4,220 $ 5,407 -------- BELGIUM -- 0.6% Kingdom of Belgium, Ser 31 5.500%, 03/28/28 EUR 3,300 5,128 -------- CANADA -- 1.3% Ford Credit Canada 7.250%, 12/07/07 GBP 300 533 Government of Canada 6.000%, 06/01/11 3,700 3,419 4.875%, 07/07/08 EUR 1,000 1,303 Government of Canada, Ser WL43 5.750%, 06/01/29 4,800 4,762 Province of Ontario 1.875%, 01/25/10 JPY 170,000 1,643 -------- 11,660 -------- CAYMAN ISLANDS -- 0.2% Mizuho Financial Group 4.750%, 04/15/14 EUR 550 709 4.750%, 04/15/14 EUR 830 1,069 -------- 1,778 -------- DENMARK -- 3.3% Kingdom of Denmark 6.000%, 11/15/11 40,000 7,767 5.000%, 11/15/13 118,000 22,094 -------- 29,861 -------- FINLAND -- 2.9% Government of Finland 4.250%, 07/04/15 EUR 19,680 26,184 -------- FRANCE -- 5.9% Caisse Nationale des Autoroutes 4.500%, 03/28/18 EUR 1,500 2,010 Caisse Refinancement de l'Habitat 4.250%, 10/25/14 EUR 600 786 Carrefour 4.375%, 06/15/11 EUR 1,000 1,300 Casino Guichard Perrachon 6.000%, 03/06/08 EUR 1,000 1,302 Compagnie de Financement Foncier 0.400%, 09/22/06 JPY 100,000 907 France Telecom MTN, Ser E 8.125%, 01/28/33 EUR 300 560 Government of France 5.750%, 10/25/32 EUR 3,200 5,256 5.500%, 04/25/07 EUR 5,000 6,423 4.000%, 04/25/09 EUR 3,000 3,854 4.000%, 04/25/13 EUR 7,400 9,630 4.000%, 10/25/13 EUR 9,000 11,708 3.150%, 07/25/32 EUR 5,166 8,464 Veolia Environnement 5.875%, 06/27/08 EUR 1,000 1,324 -------- 53,524 -------- - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- GERMANY -- 6.7% Allgemeine Hypothekenbank Rheinboden 5.750%, 09/15/08 EUR 6,100 $ 8,148 Commerzbank 5.500%, 10/25/11 EUR 1,000 1,384 Deutsche Bank 4.250%, 07/28/09 EUR 1,000 1,294 Deutsche Bundesrepublik 5.500%, 01/04/31 EUR 4,100 6,480 5.250%, 01/04/08 EUR 5,000 6,508 5.000%, 01/04/12 EUR 4,000 5,372 4.750%, 07/04/34 EUR 4,000 5,776 Deutsche Pfandbriefbank 4.500%, 01/15/18 EUR 2,400 3,206 Eurohypo 4.500%, 01/21/13 EUR 3,700 4,925 Hypothekenbank in Essen 2.750%, 07/25/07 EUR 6,100 7,482 Kreditanstalt fuer Wiederaufbau 4.750%, 08/18/06 EUR 3,700 4,612 Landwirtschaftliche Rentenbank 1.375%, 04/25/13 JPY 70,000 658 Rheinische Hypothekenbank 5.750%, 07/05/10 EUR 3,700 5,142 -------- 60,987 -------- GUERNSEY -- 0.4% Credit Suisse Group Finance 6.375%, 06/07/13 EUR 2,720 4,004 -------- ICELAND -- 1.4% Housing Finance Fund 3.750%, 06/15/44 794,918 12,594 -------- ITALY -- 6.7% Buoni Poliennali Del Tesoro 7.750%, 11/01/06 EUR 6,200 8,064 5.750%, 02/01/33 EUR 10,170 16,074 5.250%, 11/01/29 EUR 6,000 8,808 5.000%, 05/01/08 EUR 7,200 9,376 4.250%, 08/01/13 EUR 9,200 12,063 Republic of Italy 3.800%, 03/27/08 JPY 34,000 337 Sanpaolo IMI MTN, Ser E 6.375%, 04/06/10 EUR 4,300 6,015 -------- 60,737 -------- JAPAN -- 14.3% Abbott Japan 1.050%, 11/06/08 120,000 1,107 Government of Japan 10 Year Bond, Ser 242 1.200%, 09/20/12 3,667,000 34,158 Government of Japan 10 Year Bond, Ser 256 1.400%, 12/20/13 150,000 1,403 Government of Japan 20 Year Bond, Ser 65 1.900%, 12/20/23 1,300,000 12,022 Government of Japan 20 Year Bond, Ser 72 2.100%, 09/20/24 2,313,000 21,833 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2005 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- Government of Japan 5 Year Bond, Ser 20 0.500%, 06/20/07 1,500,000 $ 13,653 Government of Japan 5 Year Bond, Ser 25 0.300%, 03/20/08 3,000,000 27,204 Government of Japan 5 Year Bond, Ser 31 0.600%, 09/20/08 500,000 4,573 Government of Japan 5 Year Bond, Ser 39 0.800%, 09/20/09 1,000,000 9,205 Japan Finance for Municipal Enterprises 1.350%, 11/26/13 500,000 4,670 -------- 129,828 -------- LUXEMBOURG -- 0.3% Telecom Italia Finance MTN, Ser E 6.375%, 04/20/06 EUR 2,040 2,549 -------- MALAYSIA -- 0.5% Government of Malaysia 7.500%, 07/15/11 4,100 4,776 -------- MEXICO -- 2.8% Mexican Bonos, Ser M 9.000%, 12/22/11 15,000 1,371 Mexican Bonos, Ser M 20 10.000%, 12/05/24 55,000 5,199 Mexican Bonos, Ser MI10 9.500%, 12/18/14 52,800 4,922 United Mexican States 6.625%, 03/03/15 USD 5,050 5,557 5.875%, 01/15/14 7,600 7,931 -------- 24,980 -------- NETHERLANDS -- 6.2% ABN Amro Bank MTN, Ser E 5.375%, 09/08/09 EUR 1,000 1,346 Allianz Finance II 5.625%, 11/29/12 EUR 1,000 1,412 Arena, Ser 2003-1, Cl A2 4.300%, 05/19/55 EUR 9,000 11,693 BMW Finance MTN 5.000%, 08/06/18 EUR 700 947 Bank Nederlandse Gemeenten MTN, Ser E 5.625%, 10/25/10 EUR 1,000 1,390 Deutsche Telekom International Finance 8.125%, 05/29/12 EUR 2,000 3,139 Dresdner Finance 4.000%, 01/19/07 EUR 1,000 1,244 E.ON International Finance MTN, Ser E 5.750%, 05/29/09 EUR 6,515 8,811 EADS Finance MTN, Ser E 4.625%, 03/03/10 EUR 2,130 2,774 Generali Finance 4.750%, 05/12/14 EUR 500 674 Government of Netherlands 7.500%, 01/15/23 EUR 1,670 3,077 3.750%, 07/15/09 EUR 6,000 7,651 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- ING Bank MTN, Ser E 5.500%, 01/04/12 EUR 1,000 $ 1,377 RWE Finance MTN, Ser E 6.250%, 06/03/30 GBP 200 418 Rabobank Nederland MTN, Ser E 4.250%, 04/25/13 EUR 1,000 1,310 Saecure, Ser A2 5.710%, 11/25/07 EUR 6,000 7,826 Saint-Gobain Nederland 5.000%, 04/16/10 EUR 1,000 1,326 -------- 56,415 -------- NEW ZEALAND -- 3.2% Government of New Zealand, Ser 709 7.000%, 07/15/09 39,390 28,517 -------- POLAND -- 0.1% Republic of Poland 4.200%, 04/15/20 EUR 1,000 1,275 -------- SPAIN -- 1.2% Government of Spain 6.150%, 01/31/13 EUR 1,000 1,477 6.000%, 01/31/29 EUR 1,000 1,661 4.800%, 10/31/06 EUR 6,100 7,655 -------- 10,793 -------- SUPRA-NATIONAL -- 0.9% European Investment Bank 6.000%, 12/07/28 GBP 300 657 5.375%, 10/15/12 EUR 1,000 1,409 4.500%, 12/07/07 GBP 200 361 3.250%, 10/15/08 EUR 1,000 1,250 2.750%, 12/15/06 EUR 1,000 1,222 Inter-American Development Bank 5.750%, 12/07/09 GBP 300 568 International Bank for Reconstruction & Development 5.750%, 06/07/32 GBP 400 866 2.000%, 02/18/08 JPY 115,000 1,085 International Finance 5.375%, 12/07/28 GBP 300 608 -------- 8,026 -------- SWEDEN -- 2.2% Kingdom of Sweden 3.500%, 12/01/28 10,260 1,970 Kingdom of Sweden, Ser 1043 5.000%, 01/28/09 95,060 13,358 Nordea Bank 6.000%, 12/13/10 EUR 3,700 4,551 -------- 19,879 -------- UNITED KINGDOM -- 11.8% Abbey National Treasury Services 5.375%, 12/30/09 700 1,297 Aviva 5.700%, 09/29/49 EUR 1,900 2,613 Bank of Scotland MTN, Ser E 6.125%, 02/05/13 EUR 2,630 3,803 5.500%, 10/29/12 EUR 2,390 3,338 Barclays Bank MTN, Ser E 5.750%, 09/14/26 500 993 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2005 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- British Telecommunications 5.750%, 12/07/28 200 $ 366 Chester Asset Receivables 6.125%, 10/15/10 EUR 8,770 12,348 Compass Group MTN, Ser E 6.000%, 05/29/09 EUR 1,410 1,880 GUS 6.375%, 07/16/09 700 1,321 Halifax MTN, Ser E 6.375%, 04/03/08 500 940 Hilton Group Finance MTN, Ser E 6.500%, 07/17/09 EUR 1,150 1,573 Imperial Tobacco Finance MTN, Ser E 6.250%, 06/06/07 EUR 1,510 1,961 Lloyds TSB Bank MTN, Ser E 6.625%, 03/30/15 400 815 MBNA Europe Funding MTN, Ser E 4.500%, 01/23/09 EUR 1,000 1,280 NGG Finance 6.125%, 08/23/11 EUR 1,000 1,408 National Grid 6.500%, 07/27/28 500 1,067 National Westminster Bank 6.500%, 09/07/21 400 843 Permanent Financing 5.100%, 06/11/07 EUR 9,200 11,730 Telereal Securitisation 5.389%, 12/10/31 985 1,893 Tesco MTN, Ser E 0.700%, 09/20/06 JPY 160,000 1,453 United Kingdom Treasury 5.750%, 12/07/09 1,500 2,873 5.000%, 09/07/14 9,770 18,622 4.750%, 06/07/10 5,890 10,890 4.750%, 12/07/38 2,830 5,573 4.250%, 06/07/32 5,090 9,193 United Utilities Water MTN, Ser E 6.625%, 11/08/07 EUR 4,360 5,786 Vodafone Group MTN, Ser E 5.900%, 11/26/32 500 989 -------- 106,848 -------- UNITED STATES -- 4.9% American Express Credit MTN, Ser E 5.625%, 08/18/09 GBP 800 1,482 Chase Credit Card Master Trust, Ser 1998-4 5.000%, 08/15/08 EUR 7,200 9,372 Citibank Credit Card Issurance Trust 5.375%, 04/10/13 EUR 6,800 9,309 Citigroup 0.800%, 10/30/08 JPY 200,000 1,832 DaimlerChrysler MTN, Ser E 4.125%, 01/23/09 EUR 1,000 1,257 Dow Chemical MTN, Ser E 5.625%, 10/17/07 EUR 1,000 1,296 General Electric Capital MTN, Ser E 1.400%, 11/02/06 JPY 100,000 919 0.750%, 02/05/09 JPY 70,000 640 Genworth Financial 1.600%, 06/20/11 JPY 160,000 1,481 Goldman Sachs Group 5.125%, 04/24/13 EUR 1,000 1,348 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- HSBC Finance 6.125%, 01/22/10 GBP 600 $ 1,137 KFW International Finance 1.750%, 03/23/10 JPY 250,000 2,407 MBNA Credit Card Master Trust, Ser 2002-A2, Cl A 5.600%, 07/17/14 EUR 6,650 9,278 Pfizer 0.800%, 03/18/08 JPY 23,000 210 Toyota Motor Credit 0.750%, 06/09/08 JPY 180,000 1,647 United Parcel Service MTN, Ser E 5.500%, 02/12/31 GBP 400 794 -------- 44,409 -------- Total Global Bonds (Cost $697,839) ($ Thousands) 710,159 -------- COMMERCIAL PAPER (C) -- 5.0% Ajax Bambino Funding (B) 3.127%, 07/06/05 $ 576 576 Beethoven Funding (B) 3.115%, 07/05/05 288 288 Belmont Funding (B) 3.480%, 07/01/05 1,879 1,879 Brahms Funding (B) 3.267%, 08/05/05 288 287 CBA (Delaware) Finance 3.259%, 07/27/05 13,000 12,971 Carmel Mountain Funding Trust (B) 3.190%, 07/13/05 144 144 HBOS Treasury Services 3.263%, 07/26/05 9,500 9,481 Mica Funding (B) 3.309%, 07/19/05 288 288 Natexis 3.329%, 08/29/05 1,000 995 3.267%, 09/08/05 5,000 4,969 3.344%, 09/21/05 1,000 992 Westpac Banking 3.033%, 07/06/05 12,000 11,994 -------- Total Commercial Paper (Cost $44,864) ($ Thousands) 44,864 -------- U.S. TREASURY OBLIGATIONS -- 4.6% U.S. Treasury Bills (C) 3.134%, 07/15/05 12,000 11,985 2.850%, 07/28/05 (2) 4,550 4,540 U.S. Treasury Bonds (A) 7.625%, 02/15/25 11,810 17,015 U.S. Treasury Inflationary Index Notes 3.375%, 04/15/32 6,270 8,529 -------- Total U.S. Treasury Obligations (Cost $40,971) ($ Thousands) 42,069 -------- CERTIFICATES OF DEPOSIT -- 3.3% BNP Paribas 3.140%, 08/11/05 2,000 2,000 3.020%, 07/05/05 4,000 4,000 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2005 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- Den Danske 3.100%, 07/25/05 $1,000 $ 1,000 Deutsche Bank 3.140%, 08/03/05 1,000 1,000 3.140%, 08/17/05 1,000 1,000 3.100%, 07/25/05 13,000 13,000 Dresdner Bank 3.250%, 09/02/05 4,000 4,000 3.410%, 09/22/05 1,000 1,000 Societe Generale 3.430%, 09/29/05 2,000 2,000 U.S. Trust (B) (D) 3.341%, 07/14/05 576 576 Washington Mutual Bank, Ser CD (B) (D) 3.270%, 08/18/05 680 680 -------- Total Certificates of Deposit (Cost $30,256) ($ Thousands) 30,256 -------- U.S. GOVERNMENT AGENCY OBLIGATIONS -- 3.2% FHLB (A) (C) 3.143%, 07/20/05 8,000 7,987 FHLMC 5.125%, 01/15/12 3,000 4,118 4.750%, 01/15/13 1,000 1,349 FNMA 1.750%, 03/26/08 240,000 2,263 FNMA (A) 3.625%, 07/13/05 9,100 9,090 SLMA 3.800%, 06/17/10 3,500 4,448 -------- Total U.S. Government Agency Obligations (Cost $29,055) ($ Thousands) 29,255 -------- CORPORATE OBLIGATIONS (B)(D) -- 1.9% ASIF Global Financing XV 3.528%, 09/02/05 53 53 Allstate Life Global Funding II, MTN 3.210%, 07/15/05 265 265 American General Finance 5.875%, 07/14/06 58 59 3.220%, 07/15/05 836 835 Bear Stearns 3.230%, 07/15/05 1,026 1,026 CCN Bluegrass 3.340%, 07/18/05 375 375 CIT Group 3.260%, 08/12/05 1,441 1,441 3.250%, 07/19/05 144 144 CIT Group, MTN 3.620%, 07/29/05 66 66 Caterpillar 3.250%, 07/11/05 288 288 Countrywide Home Loans 3.509%, 09/21/05 472 472 3.389%, 08/26/05 173 173 2.810%, 07/29/05 127 127 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- Countrywide Home Loans, Ser M, MTN 3.440%, 09/06/05 $ 657 $ 657 Dekabank 3.187%, 07/19/05 1,066 1,066 Five Finance 3.230%, 07/22/05 818 818 Harrier Finance Funding 3.390%, 09/15/05 167 167 Irish Life & Permanent 3.270%, 07/21/05 766 766 Jackson National Life Funding 3.111%, 07/01/05 1,268 1,268 K2, MTN 3.354%, 09/12/05 35 35 Lakeside Funding 3.220%, 07/08/05 288 288 Liberty Lighthouse US Capital 3.150%, 07/11/05 576 576 Morgan Stanley 3.150%, 07/05/05 202 202 3.130%, 07/05/05 288 288 Nationwide Building Society 3.478%, 09/28/05 288 288 3.160%, 07/07/05 576 576 Nordbank 3.300%, 07/25/05 490 490 Northern Rock 3.150%, 07/05/05 593 593 Pacific Life Global Funding 3.200%, 07/13/05 432 432 Premium Asset Trust 3.430%, 07/29/05 547 548 3.270%, 07/06/05 426 427 2.140%, 07/15/05 807 807 SLM 3.260%, 07/20/05 1,152 1,152 3.220%, 07/15/05 634 634 White Pine Finance 3.081%, 07/01/05 254 253 -------- Total Corporate Obligations (Cost $17,655) ($ Thousands) 17,655 -------- ASSET-BACKED SECURITIES (D) -- 1.1% UNITED KINGDOM -- 0.2% Granite Master Issuer, Ser 2005-1, Cl A5 2.206%, 12/20/54 1,500 1,814 -------- UNITED STATES (B) -- 0.9% Aire Valley Mortgages, Ser 2004-1A, Cl 1A 3.260%, 07/20/05 369 369 Blue Heron Funding, Ser 9A, Cl A1 3.344%, 07/25/05 576 576 CCN Independence IV 3.306%, 07/15/05 317 317 3.290%, 07/15/05 202 202 Capital Auto Receivables Asset Trust, Ser 2005-SN1A, Cl A1 3.327%, 05/15/06 1,185 1,185 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2005 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- Cheyne High Grade, Ser 2004-1A, Cl A1 3.250%, 08/10/05 $ 331 $ 331 Commodore, Ser 2003-2A, Cl A1MM 3.490%, 09/12/05 265 265 Drivetime Auto Owner Trust 3.240%, 07/15/05 101 101 Duke Funding 3.193%, 07/08/05 432 432 Harwood Street Funding I, (3) Ser 2004-1A, Cl NOTE 3.310%, 07/20/05 818 818 Harwood Street Funding II, Ser 2005-A1, Cl NOTE 3.364%, 07/25/05 576 576 Orchard Structured Finance CDO, Ser 2003-1A, Cl A1MM 3.370%, 08/18/05 563 563 Park Place Securities NIM Trust, Ser 2004-MM1, Cl AMM2 3.364%, 07/25/05 875 875 RMAC, Ser 2004-NS3A, Cl A1 (3) 3.210%, 07/12/05 224 224 Saturn Ventures II (3) 3.220%, 07/07/05 640 640 TIAA Real Estate, Ser 2003-1A, Cl A1 3.350%, 07/28/05 372 372 Whitehawk CDO Funding, Ser 2004-1A, Cl AMMA 3.430%, 09/15/05 144 144 Whitehawk CDO Funding, Ser 2004-1A, Cl AMMA (3) 3.430%, 09/15/05 104 104 -------- 8,094 -------- Total Asset-Backed Securities (Cost $9,970) ($ Thousands) 9,908 -------- MASTER NOTES (B) -- 0.3% Bank of America 3.518%, 07/01/05 1,441 1,441 Bear Stearns 3.613%, 07/01/05 692 692 -------- Total Master Notes (Cost $2,133) ($ Thousands) 2,133 -------- REPURCHASE AGREEMENTS (B) -- 0.6% Barclays Capital 3.380%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $1,678,798 (collateralized by government obligations, ranging in par value $30,739-$857,864, 0.000%-4.500%, 04/12/06-05/15/23; total market value $1,712,213) 1,679 1,679 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- Deutsche Bank 3.375%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $1,728,913 (collateralized by government obligations, ranging in par value $8,523-$636,687, 3.625%- 6.790%, 02/15/07-03/05/19; total market value $1,763,328) $1,729 $ 1,729 Lehman Brothers 3.350%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $622,408 (collateralized by government obligations, ranging in par value $335,522-$374,355, 0.000%-6.000%, 05/15/11- 04/15/15; total market value $634,800) 622 622 UBS Paine Webber 3.380%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $1,152,609 (collateralized by government obligations, ranging in par $16,193- $118,166, 0.000%-5.250%, 07/19/05- 05/15/26; total market value $1,175,571) 1,153 1,153 -------- Total Repurchase Agreements (Cost $5,183) ($ Thousands) 5,183 -------- Total Investments -- 98.4% (Cost $877,926)+ ($ Thousands) $891,482 ======== Percentages are based on Net Assets of $906,219 ($ Thousands). (1) In local currency unless otherwise indicated. (2) Securities pledged as collateral on open futures contracts. The rates shown are effective yields at the time of purchase. (3) Securities sold within the terms of private placement memorandum, except from registration under Section 3A-4, 4(2) or 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors". (A) This security or a partial position of this security is on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 was $36,083 ($ Thousands). (B) This security was purchased with cash collateral held from securities lending. The total value of such securities as of June 30, 2005 was $37,783 ($ Thousands). (C) The rate reported is the effective yield at time of purchase. (D) Floating Rate Security -- The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2005. CDO -- Collateralized Debt Obligation Cl -- Class EUR -- Euro FHLB -- Federal Home Loan Bank FHLMC -- Federal Home Loan Mortgage Corporation FNMA -- Federal National Mortgage Association GBP -- British Pound Sterling JPY -- Japanese Yen MTN -- Medium Term Note Ser -- Series SLMA -- Student Loan Marketing Association USD -- U.S. Dollar + At June 30, 2005, the tax basis cost of the Fund's investments was $877,926 ($ Thousands), and the unrealized appreciation and depreciation were $32,866 and $(19,310) ($ Thousands), respectively. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2005
Forward Foreign Currency Contracts -- The following forward foreign currency contracts were outstanding at June 30, 2005 - ------------------------------------------------------------------------------------------------------------------------- UNREALIZED CURRENCY TO CURRENCY TO APPRECIATION MATURITY DELIVER RECEIVE CONTRACT VALUE (DEPRECIATION) DATE ($ THOUSANDS) ($ THOUSANDS) ($ THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------- 09/21/05 AUD 34,100 USD 25,892 $ 25,862 $ 30 08/17/05-09/21/05 CAD 37,137 USD 29,593 30,368 (775) 08/17/05-09/21/05 CHF 22,375 USD 18,774 17,533 1,241 08/17/05-09/21/05 DKK 134,741 USD 23,477 21,935 1,542 08/17/05-09/21/05 EUR 183,151 USD 228,385 222,162 6,224 08/17/05-09/21/05 GBP 27,413 USD 51,232 49,042 2,190 08/17/05 ISK 686,947 USD 10,393 10,485 (92) 08/17/05-09/21/05 JPY 10,657,531 USD 99,912 96,663 3,249 08/17/05-09/21/05 KRW 1,552 USD 1,539 1,503 36 08/17/05 MXP 119,583 USD 10,605 11,004 (399) 09/21/05 NOK 350 USD 55 54 1 08/17/05-09/21/05 NZD 44,345 USD 31,607 30,701 905 09/21/05 PZL 1,000 USD 297 299 (1) 08/17/05-09/21/05 SEK 270,716 USD 37,994 34,780 3,214 09/21/05 ZAR 400 USD 59 60 (1) 08/17/05-09/21/05 USD $62,731 AUD 83,245 63,143 411 08/17/05-09/21/05 USD 43,581 CAD 54,237 44,347 766 08/17/05-09/21/05 USD 32,298 CHF 38,791 30,441 (1,857) 09/21/05 USD 60 CLP 35,000 60 1 09/21/05 USD 621 CSK 15,200 615 (6) 08/17/05-09/21/05 USD 164,854 EUR 130,969 158,821 (6,033) 08/17/05-09/21/05 USD 101,345 GBP 55,664 99,548 (1,796) 08/17/05-09/21/05 USD 1,840 HUF 365,586 1,783 (57) 08/17/05 USD 298 ISK 19,845 303 4 08/17/05-09/21/05 USD 288,194 JPY 30,432,538 276,137 (12,057) 08/17/05-09/21/05 USD 18,533 KRW 18,663,344 18,076 (457) 08/17/05-09/21/05 USD 9,055 MXP 100,362 9,227 172 08/17/05-09/21/05 USD 1,982 NOK 12,510 1,919 (64) 09/21/05 USD 742 NZD 1,060 732 (11) 08/17/05-09/21/05 USD 4,364 PZL 14,423 4,310 (54) 08/17/05-09/21/05 USD 31,805 SEK 227,793 29,261 (2,544) 08/17/05-09/21/05 USD 2,233 SGD 3,726,710 2,215 (18) 09/21/05 USD 209 SKK 6,550 207 (2) 09/21/05 USD 761 THB 31,000 750 (12) 08/17/05-09/21/05 USD 4,839 ZAR 31,268 4,659 (179) ----------- --------- $1,299,005 $(6,429) =========== ======== AUD -- Australian Dollar GBP -- British Pound Sterling NZD -- New Zealand Dollar CAD -- Canadian Dollar HUF -- Hungarian Forint PZL -- Polish Zloty CHF -- Swiss Franc ISK -- Iceland Koruna SEK -- Swedish Krona CLP -- Chilean Peso JPY -- Japanese Yen SGD -- Singapore Dollar CSK -- Czech Koruna KRW -- South Korean Won SKK -- Slovokia Koruna DKK -- Danish Krone MXP -- Mexican Peso THB -- Thai Baht EUR -- Euro NOK -- Norwegian Krone USD -- U.S. Dollar ZAR -- South African Rand - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2005 The Fund had future contracts open as of June 30, 2005: - -------------------------------------------------------------------------------------------------- UNREALIZED CONTRACT APPRECIATION TYPE OF NUMBER OF VALUE EXPIRATION (DEPRECIATION) CONTRACT CONTRACTS ($ THOUSANDS) DATE ($ THOUSANDS) - -------------------------------------------------------------------------------------------------- Canadian Bankers Acceptance Short Note (13) $ (2,574) 03/13/06 $ (1) Canadian Bankers Acceptance Short Note (12) (2,373) 06/19/06 -- Canadian Bankers Acceptance Short Note (51) (10,131) 09/19/05 (15) Canadian Bankers Acceptance Short Note (69) (13,684) 12/19/05 (16) Canadian 10 Year Long Bond 139 13,220 09/27/05 240 Euro-Schatz Long Bond 45 5,826 09/08/05 12 U.S. 90-Day Eurodolllar Long Bond 290 69,607 03/13/06 30 U.S. 90-Day Eurodolllar Long Bond 52 12,479 06/22/06 11 U.S. 90-Day Eurodolllar Long Bond 359 86,295 09/19/05 (97) U.S. 90-Day Eurodolllar Long Bond 722 173,334 12/19/05 69 Euro 3-Month Short Bond (127) (37,675) 03/13/06 (63) Euro 3-Month Short Bond (46) (13,639) 06/19/06 (24) Euro 3-Month Long Bond 232 68,775 09/19/05 34 Euro 3-Month Long Bond 345 102,341 12/19/05 48 U.S. 5 Year Short Note (664) (72,304) 09/21/05 (141) U.S. 10 Year Short Note (130) (26,604) 09/30/05 (326) U.S. 90-Day Bank Bill 189 32,630 03/09/06 57 U.S. 90-Day Bank Bill 49 8,474 06/09/06 7 U.S. 90-Day Bank Bill (107) (18,436) 09/08/05 (9) U.S. 90-Day Bank Bill (57) (9,826) 12/12/05 (8) Japan 10 Year Long Bond 110 140,168 09/08/05 575 British 90-Day Long Bond 86 18,465 03/15/06 67 British 90-Day Long Bond 286 61,196 09/21/05 157 British 90-Day Long Bond 520 111,533 12/21/05 354 Euro-Bobl Long Bond 469 65,660 09/08/05 281 Euro-Bund Long Bond 633 94,644 09/08/05 650 U.S. 2 Year Long Note 76 15,784 09/30/05 20 U.S. 10 Year Short Note (925) (104,959) 09/21/05 (644) U.S. Short Bond (201) (23,869) 10/02/05 (479) Australian 10 Year Short Bond (373) (218,561) 09/15/05 122 Euro 3-Month Short Bond (101) (22,759) 03/19/06 (3) Euro 3-Month Short Bond (34) (7,660) 06/19/06 (2) Euro 3-Month Short Bond (117) (26,373) 09/16/05 (1) Euro 3-Month Short Bond (237) (53,416) 12/19/05 (4) Australian 3 Year Long Bond 28 5,651 09/15/05 (1) ---------------- $ 900 ================ Amounts designated as "--" are either $0 or have been rounded to $0. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2005 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- GLOBAL BONDS -- 90.4% ARGENTINA -- 3.1% Banco De Galicia 11.000%, 01/01/19 -- $ -- Ciesa (B) 0.000%, 04/22/02 12,600 6,300 Empressa Distribuidora de Electricidad de Mendoza MTN, Ser E (B) 0.000%, 01/10/03 5,000 1,750 Republic of Argentina 7.820%, 12/31/33 EUR 659 712 5.830%, 12/31/33 ARA 30,974 10,823 3.010%, 08/03/12 2,795 2,528 Republic of Argentina (F) 0.000%, 08/03/12 7,975 7,213 Republic of Argentina MTN, Ser E 8.750%, 02/04/49 EUR 1,375 468 Republic of Argentina MTN, Ser E (B) 7.625%, 08/11/07 ITL2,255,000 383 4.649%, 07/13/05 ITL1,225,000 257 ---------- 30,434 ---------- BRAZIL -- 19.9% Federal Republic of Brazil 12.250%, 03/06/30 16,100 21,534 11.000%, 01/11/12 3,250 3,859 10.125%, 05/15/27 10,695 12,390 9.250%, 10/22/10 2,270 2,525 9.230%, 06/29/09 440 510 8.875%, 04/15/24 3,700 3,839 8.250%, 01/20/34 2,010 1,966 4.250%, 04/15/09 4,739 4,596 Federal Republic of Brazil (C) 11.000%, 08/17/40 62,452 75,130 10.500%, 07/14/14 2,775 3,282 Federal Republic of Brazil, Ser 15YR 4.313%, 04/15/09 764 756 Federal Republic of Brazil, Ser 18YR 4.313%, 04/15/12 20,436 19,657 Federal Republic of Brazil, Ser 18YR (C) 4.313%, 04/15/12 6,424 6,174 Federal Republic of Brazil, Ser 20YR (C) 8.000%, 04/15/14 38,547 39,463 ---------- 195,681 ---------- BULGARIA -- 0.5% Republic of Bulgaria Registered 8.250%, 01/15/15 2,975 3,737 Republic of Bulgaria, Ser A 3.750%, 07/28/12 1,482 1,484 ---------- 5,221 ---------- CHILE -- 0.7% Republic of Chile 7.125%, 01/11/12 5,375 6,179 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- 5.500%, 01/15/13 850 $ 904 ---------- 7,083 ---------- COLOMBIA -- 4.5% Republic of Colombia 11.750%, 02/25/20 (C) 13,245 17,351 10.750%, 01/15/13 (C) 5,900 7,174 10.375%, 01/28/33 6,900 8,228 10.000%, 01/23/12 2,050 2,388 8.700%, 02/15/16 3,320 3,552 8.375%, 02/15/27 (C) 1,750 1,768 8.125%, 05/21/24 425 424 7.625%, 02/15/07 2,950 3,098 ---------- 43,983 ---------- ECUADOR -- 0.9% Republic of Ecuador Registered 12.000%, 11/15/12 615 584 8.000%, 08/15/30 9,731 8,174 ---------- 8,758 ---------- EL SALVADOR -- 0.5% Republic of El Salvador 7.750%, 01/24/23 4,000 4,455 INDONESIA -- 0.8% Garuda Indonesia 3.593%, 12/31/07 1,200 1,032 Indah Kiat Finance Mauritius (B) 10.000%, 07/01/07 7,250 3,988 Republic of Indonesia 7.250%, 04/20/15 2,380 2,406 ---------- 7,426 ---------- KAZAKHSTAN -- 0.1% Kazkommerts International (A) 7.875%, 04/07/14 1,000 1,025 LUXEMBOURG -- 0.5% Gaz Capital (Gazprom) 5.875%, 06/01/15 EUR 3,980 5,108 MACEDONIA -- 0.0% Government of Macedonia (F) 3.653%, 07/13/12 498 463 MALAYSIA -- 1.0% Government of Malaysia 8.750%, 06/01/09 800 928 7.500%, 07/15/11 3,975 4,631 Petronas Capital 7.875%, 05/22/22 3,700 4,689 ---------- 10,248 ---------- MEXICO -- 14.4% Cornhill, Ser 39 (B) 0.000%, 01/30/00 1,650 990 Cornhill, Ser 46 (B) 8.626%, 03/02/00 150 90 Mexican Bonos 9.000%, 12/24/09 MXP 136,106 12,542 8.000%, 12/19/13 MXP 22,000 1,880 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2005 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- Pemex Project Funding Master Trust 8.000%, 11/15/11 500 $ 568 Pemex Project Funding Master Trust (C) 9.500%, 09/15/27 7,350 9,592 United Mexican States 8.000%, 09/24/22 1,025 1,256 5.500%, 02/17/20 EUR 2,260 2,908 United Mexican States (C) 11.375%, 09/15/16 17,385 25,817 8.125%, 12/30/19 13,350 16,387 6.625%, 03/03/15 32,965 36,212 5.875%, 01/15/14 19,214 20,050 United Mexican States MTN 8.300%, 08/15/31 4,970 6,188 6.375%, 01/16/13 6,475 6,951 ---------- 141,431 ---------- NIGERIA -- 0.6% Central Bank of Nigeria 6.250%, 11/15/20 3,500 3,447 5.092%, 01/05/10 2,531 810 Turanalem Finance 8.000%, 03/24/14 450 453 7.875%, 06/02/10 770 797 ---------- 5,507 ---------- PANAMA -- 2.2% Republic of Panama 9.625%, 02/08/11 3,665 4,380 9.375%, 04/01/29 4,100 5,064 Republic of Panama (C) 9.375%, 01/16/23 1,070 1,321 8.875%, 09/30/27 2,250 2,683 7.250%, 03/15/15 3,725 4,042 Republic of Panama, Ser 20YR 3.750%, 07/17/16 3,900 3,734 ---------- 21,224 ---------- PERU -- 2.1% Republic of Peru 8.750%, 11/21/33 2,000 2,255 Republic of Peru (C) 9.875%, 02/06/15 3,750 4,641 8.375%, 05/03/16 1,875 2,105 Republic of Peru FLIRB, Ser 20YR 5.000%, 03/07/17 8,717 8,237 Republic of Peru, Ser 20YR 5.000%, 03/07/17 4,093 3,898 ---------- 21,136 ---------- PHILIPPINES -- 4.5% Republic of Philippines 8.875%, 03/17/15 175 184 8.250%, 01/15/14 1,350 1,371 Republic of Philippines (C) 10.625%, 03/16/25 20,700 23,157 9.375%, 01/18/17 6,300 6,741 9.000%, 02/15/13 600 631 Republic of Phillipines 9.500%, 02/02/30 12,070 12,317 ---------- 44,401 ---------- - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- RUSSIA -- 15.7% Aries Vermogensverwaltungs (A) 9.600%, 10/25/14 1,925 $ 2,495 Russian Federation 12.750%, 06/24/28 14,865 26,885 11.000%, 07/24/18 9,585 14,317 8.250%, 03/31/10 2,875 3,134 5.000%, 03/31/30 95,935 107,102 ---------- 153,933 ---------- SOUTH AFRICA -- 1.0% Republic of South Africa 9.125%, 05/19/09 2,325 2,697 6.500%, 06/02/14 6,325 7,060 ---------- 9,757 ---------- SOUTH KOREA -- 0.6% Hynix Semiconductor 6.500%, 12/31/05 KRW 6,900,000 5,675 6.000%, 12/31/06 KRW 89,000 73 6.000%, 12/31/06 KRW 89,000 73 ---------- 5,821 ---------- TURKEY -- 6.8% Republic of Turkey 11.875%, 01/15/30 15,295 22,082 11.750%, 06/15/10 1,150 1,429 11.000%, 01/14/13 3,095 3,915 7.375%, 02/05/25 2,400 2,364 7.000%, 06/05/20 9,390 9,167 0.000%, 01/24/07 TRL 7,900 4,664 Republic of Turkey (C) 12.375%, 06/15/09 500 617 11.500%, 01/23/12 12,500 15,953 9.500%, 01/15/14 5,825 6,888 ---------- 67,079 ---------- UKRAINE -- 1.7% Government of Ukraine 6.875%, 03/04/11 3,880 4,089 Government of Ukraine Registered 11.000%, 03/15/07 1,157 1,221 6.875%, 03/04/11 600 632 6.365%, 08/05/09 3,500 3,780 Government of Ukraine Registered (C) 7.650%, 06/11/13 6,795 7,491 ---------- 17,213 ---------- URUGUAY -- 2.5% Republic of Uruguay 10.500%, 10/20/06 UYU 13,200 646 9.250%, 05/17/17 1,875 2,006 7.875%, 01/15/33 4,730 4,305 7.500%, 03/15/15 15,641 15,328 Republic of Uruguay (C) 7.500%, 03/15/15 1,925 1,887 ---------- 24,172 ---------- VENEZUELA -- 5.8% Government of Venezuela 10.750%, 09/19/13 12,840 15,029 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2005 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- 9.375%, 01/13/34 1,400 $ 1,466 9.250%, 09/15/27 20,255 21,237 5.375%, 08/07/10 4,360 4,055 0.000%, 04/15/20 34 786 Government of Venezuela (C) 8.500%, 10/08/14 9,168 9,521 3.693%, 04/20/11 4,870 4,456 Government of Venezuela, Ser A 6.750%, 03/31/20 725 727 ---------- 57,277 ---------- Total Global Bonds (Cost $795,942) ($ Thousands) 888,836 ---------- CORPORATE OBLIGATIONS (D)(F) -- 9.9% ASIF Global Financing XV 3.528%, 09/02/05 $ 297 297 Allstate Life Global Funding II, MTN (A) 3.210%, 07/15/05 1,470 1,470 American General Finance (A) 5.875%, 07/14/06 320 326 3.220%, 07/15/05 4,634 4,634 Bear Stearns 3.230%, 07/15/05 5,689 5,689 CCN Bluegrass 3.340%, 07/18/05 2,078 2,078 CIT Group 3.260%, 08/12/05 7,990 7,990 3.250%, 07/19/05 799 800 CIT Group, MTN 3.620%, 07/29/05 364 364 Caterpillar 3.250%, 07/11/05 1,598 1,598 Countrywide Home Loans 3.509%, 09/21/05 2,621 2,621 3.389%, 08/26/05 959 959 2.810%, 07/29/05 703 703 Countrywide Home Loans, Ser M, MTN 3.440%, 09/06/05 3,644 3,644 Dekabank 3.187%, 07/19/05 5,913 5,912 Five Finance 3.230%, 07/22/05 4,539 4,538 Harrier Finance Funding 3.390%, 09/15/05 927 927 Irish Life & Permanent 3.270%, 07/21/05 4,251 4,250 Jackson National Life Funding 3.111%, 07/01/05 7,032 7,032 K2 MTN (A) 3.354%, 09/12/05 192 192 Lakeside Funding 3.220%, 07/08/05 1,598 1,598 Liberty Lighthouse US Capital 3.150%, 07/11/05 3,196 3,194 Morgan Stanley 3.150%, 07/05/05 1,119 1,119 3.130%, 07/05/05 1,598 1,598 Nationwide Building Society 3.478%, 09/28/05 1,598 1,598 3.160%, 07/07/05 3,196 3,196 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- Nordbank 3.300%, 07/25/05 $ 2,717 $ 2,716 Northern Rock (A) 3.150%, 07/05/05 3,292 3,292 Pacific Life Global Funding 3.200%, 07/13/05 2,397 2,397 Premium Asset Trust 3.430%, 07/29/05 3,036 3,038 3.270%, 07/06/05 2,365 2,367 2.140%, 07/15/05 4,475 4,475 SLM (A) 3.260%, 07/20/05 6,392 6,392 3.220%, 07/15/05 3,516 3,516 White Pine Finance 3.081%, 07/01/05 1,406 1,406 ---------- Total Corporate Obligations (Cost $97,926) ($ Thousands) 97,926 ---------- LOAN PARTICIPATIONS -- 4.7% ALGERIA -- 0.3% Republic of Algeria (Counterparty: Credit Suisse First Boston) (F) 2.813%, 03/04/10 2,643 2,600 ARGENTINA -- 0.6% Ciesa (Counterparty: Bank of America) (B) 0.000%, 04/22/02 3,400 1,700 Edesa USD Promissory Notes (Counterparty: Bank of America) (B) 0.000%, 12/31/49 3,300 2,607 Edesa USD Promissory Notes (Counterparty: Citigroup Global Markets) (B) 0.000%, 12/31/49 2,000 1,580 ---------- 5,887 ---------- BRAZIL -- 0.7% Global Village Telecom Loan (Counterparty: Deutsche Bank) (B) 0.000%, 12/31/49 11,640 6,984 INDONESIA -- 1.0% Indonesia Standby Loan 94 (Counterparty: Deutsche Bank) 4.000%, 12/31/49 6,304 5,548 PKN Tranche Loan A (Counterparty: Citigroup Global Markets) (B) 0.000%, 06/30/11 1,533 1,457 PKN Tranche Loan B (Counterparty: Citigroup Global Markets) (B) 0.000%, 05/01/11 4,200 345 PKN Tranche Loan D Secured Short Term, Ser 1 (Counterparty: Citibank) (B) 0.000%, 08/10/05 419 415 PKN Tranche Loan D Secured Short Term, Ser 2 (Counterparty: Citibank) (B) 0.000%, 08/10/05 394 390 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2005 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- PT Abhimata Mediatama Loan 15.000%, 12/31/07 1,720 $ 1,720 ---------- 9,875 ---------- MEXICO -- 0.9% Altos Hornos, Promissory Note # 5 (B) 0.000%, 04/29/99 2,500 1,325 Altos Hornos, Promissory Note # 6 (B) 0.000%, 04/29/99 2,500 1,325 Altos Hornos, Promissory Note (Counterparty: Deutche Bank) (B) 0.000%, 12/31/49 4,500 2,385 Altos Hornos, Tranche A (Counterparty: Banc of America) (B) 0.000%, 04/11/04 6,540 3,597 Grupo Accerco Del Norte (Counterparty: Deutsche Bank) (B) 0.000%, 12/31/49 7,750 833 ---------- 9,465 ---------- MOROCCO -- 0.3% Kingdom of Morocco, Ser A (Counterparties: Credit Suisse First Boston, J.P. Morgan, Merrill Lynch) 3.803%, 01/02/09 2,684 2,650 SINGAPORE -- 0.6% C2C Loan (Counterparty: Deutsche Bank) (B) 0.000%, 12/31/10 SGD 10,800 5,724 THAILAND -- 0.3% TPI JPY Loan (Counterparty: Deutsche Bank) (B) 0.000%, 12/31/49 JPY 354,231 3,005 ---------- Total Loan Participations (Cost $35,527) ($ Thousands) 46,190 ---------- ASSET-BACKED SECURITIES (D)(F) -- 4.6% Aire Valley Mortgages, Ser 2004-1A, Cl 1A 3.260%, 07/20/05 $ 2,046 2,046 Blue Heron Funding, Ser 9A, Cl A1 3.344%, 07/25/05 3,196 3,196 CCN Independence IV 3.306%, 07/15/05 1,758 1,758 3.290%, 07/15/05 1,119 1,119 Capital Auto Receivables Asset Trust, Ser 2005-SN1A, Cl A1 3.327%, 05/15/06 6,573 6,573 Cheyne High Grade, Ser 2004-1A, Cl A1 3.250%, 08/10/05 1,838 1,838 Commodore, Ser 2003-2A, Cl A1MM 3.490%, 09/12/05 1,470 1,470 Drivetime Auto Owner Trust 3.240%, 07/15/05 558 558 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- Duke Funding 3.193%, 07/08/05 $ 2,397 $ 2,397 Harwood Street Funding I, (A) Ser 2004-1A, Cl NOTE 3.310%, 07/20/05 4,539 4,539 Harwood Street Funding II, Ser 2005-A1, Cl NOTE 3.364%, 07/25/05 3,196 3,196 Orchard Structured Finance CDO, Ser 2003-1A, Cl A1MM 3.370%, 08/18/05 3,124 3,124 Park Place Securities NIM Trust, Ser 2004-MM1, Cl AMM2 3.364%, 07/25/05 4,854 4,854 RMAC, Ser 2004-NS3A, Cl A1 (A) 3.210%, 07/12/05 1,239 1,239 Saturn Ventures II (A) 3.220%, 07/07/05 3,548 3,548 TIAA Real Estate, Ser 2003-1A, Cl A1 3.350%, 07/28/05 2,064 2,064 Whitehawk CDO Funding, Ser 2004-1A, Cl AMMA (A) 3.430%, 09/15/05 575 575 3.430%, 09/15/05 799 799 ---------- Total Asset-Backed Securities (Cost $44,893) ($ Thousands) 44,893 ---------- COMMERCIAL PAPER (D)(E)-- 2.0% Ajax Bambino Funding 3.127%, 07/06/05 3,196 3,195 Beethoven Funding 3.115%, 07/05/05 1,598 1,598 Belmont Funding 3.480%, 07/01/05 10,424 10,424 Brahms Funding 3.267%, 08/05/05 1,598 1,593 Carmel Mountain Funding Trust 3.190%, 07/13/05 799 798 Mica Funding 3.309%, 07/19/05 1,598 1,595 ---------- Total Commercial Paper (Cost $19,203) ($ Thousands) 19,203 ---------- MASTER NOTES (D) -- 1.2% Bank of America 3.518%, 07/01/05 7,991 7,991 Bear Stearns 3.613%, 07/01/05 3,835 3,835 ---------- Total Cash Equivalents (Cost $11,826) ($ Thousands) 11,826 ---------- CERTIFICATES OF DEPOSIT (D)(F) -- 0.7% U.S. Trust 3.341%, 07/14/05 3,196 3,196 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2005 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- Washington Mutual Bank, Ser CD 3.270%, 08/18/05 $ 3,772 $ 3,772 ---------- Total Certificates of Deposit (Cost $6,968) ($ Thousands) 6,968 ---------- COMMON STOCK -- 0.0% INDONESIA -- 0.0% PKN Tranche C Equity 24,929 -- THAILAND -- 0.1% TPI Equity (Counterparty: Banc of America)* 7,611,579 368 TPI Equity (Counterparty: Deutsche Bank)* 1,812,834 88 ---------- 456 ---------- Total Common Stock (Cost $0) ($ Thousands) 456 ---------- PREFERRED STOCK -- 0.0% ARGENTINA -- 0.0% Grupo Financiero Galicia* -- -- ---------- Total Preferred Stock (Cost $0) ($ Thousands) -- ---------- WARRANTS -- 0.0% NIGERIA -- 0.0% Central Bank of Nigeria Expires 11/15/20 (G)* 2,150 -- ---------- Total Warrants (Cost $0) ($ Thousands) -- ---------- REPURCHASE AGREEMENTS (D) -- 2.9% Barclays Capital 3.380%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price 9,311,534 (collateralized by government obligations, ranging in par value $170,497-$4,758,183, 0.000%-4.500%, 04/12/06-05/15/23; total market value $9,496,873) 9,311 9,311 Deutsche Bank 3.375%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $9,589,500 (collateralized by government obligations, ranging in par value $47,272-$3,531,418, 3.625%-6.790%, 02/15/07-03/05/19; total market value $9,780,382) 9,589 9,589 Lehman Brothers 3.350%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $3,452,218 (collateralized by government obligations, ranging in par value $1,860,988-$2,076,380, 0.000%-6.000%; total market value $3,520,947) 3,452 3,452 - ---------------------------------------------------------------- Face Amount Market Value Description (Thousands)(1) ($Thousands) - ---------------------------------------------------------------- UBS Paine Webber 3.380%, dated 06/30/05, to be repurchased on 07/01/05, repurchase price $6,393,001 (collateralized by government obligations, ranging in par value $89,813-$655,413, 0.000%-5.250%, 07/19/05-05/15/26; total market value $6,520,361) $ 6,392 $ 6,392 ---------- Total Repurchase Agreements (Cost $28,744) ($ Thousands) 28,744 ---------- Total Investments -- 116.4% (Cost $1,041,029)+ ($ Thousands) $1,145,042 ========== Percentages are based on Net Assets of $983,300 ($ Thousands). * Non-Income Producing Security (1) In U.S. dollars unless otherwise indicated. (A) Securities sold with terms of a private placement memorandum, exempt from registration under Section 144a of the Securities Act 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." (B) Security in default on interest payments. (C) This security or a partial position of this security is on loan at June 30, 2005. The total value of securities on loan at June 30, 2005 was $203,966 ($ Thousands). (D) This security was purchased with cash collateral held from securities lending. The total value of such securities as of June 30, 2005 was $209,560 ($ Thousands). (E) The rate reported is the effective yield at time of purchase. (F) Floating Rate Security -- The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2005. (G) Securities are fair valued at $0 and represent 0.00% of net assets. ARA -- Argentina Peso CDO -- Collateralized Debt Obligation Cl -- Class EUR -- Euro FLIRB -- Front Loaded Interest Reduction Bond ITL -- Italian Lira JPY -- Japanese Yen KRW -- South Korean Won MTN -- Medium Term Note MXP -- Mexican Peso Ser -- Series SGD -- Singapore Dollar TRL -- Turkish Lira UYU -- Uruguay Peso USD -- U.S. Dollar Amounts designated as "--" are either $0 or have been rounded to $0. + At June 30, 2005, the tax basis cost of the Fund's investments was $1,041,029 ($ Thousands), and the unrealized appreciation and depreciation were $104,570 and $(557) ($ Thousands), respectively. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 - -------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2005
Forward Foreign Currency Contracts -- The following forward foreign currency contracts were outstanding at June 30, 2005 - ---------------------------------------------------------------------------------------------------------------- UNREALIZED CURRENCY TO CURRENCY TO APPRECIATION MATURITY DELIVER RECEIVE CONTRACT VALUE (DEPRECIATION) DATE ($ THOUSANDS) ($ THOUSANDS) ($ THOUSANDS) ($ THOUSANDS) - ---------------------------------------------------------------------------------------------------------------- 07/01/05 USD 1,955 ARA 5,660 $ 1,957 $ 2 07/05/05-12/23/05 USD 33,463 BRL 84,961 35,401 1,938 08/16/05 USD 7,213 KRW 7,213,100 6,986 (227) 11/09/05-01/26/06 USD 7,820 RUB 222,737 7,751 (69) 07/13/05 USD 2,400 TRY 3,253 2,430 30 06/08/06 USD 2,200 UAH 11,140 2,202 2 07/13/05-08/22/05 USD 2,069 ZAR 14,145 2,114 45 07/05/05-12/23/05 BRL 37,691 USD 15,814 16,221 (407) 07/15/05 EUR 6,454 USD 8,204 7,816 388 07/15/05 JPY 250,282 USD 2,339 2,261 78 11/09/05-01/25/06 RUB 110,000 USD 3,983 3,829 155 ----------------- ----------------- $88,968 $ 1,935 ================= =================
ARA -- Argentina Peso RUB -- Russian Rouble BRL -- Brazilian Real TRY -- New Turkish Lira EUR -- Euro UAH -- Ukraine Hryvnia JPY -- Japanese Yen USD -- U.S. Dollar KRW -- South Korean Won ZAR -- South African Rand For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / June 30, 2005 ITEM 2. CONTROLS AND PROCEDURES (a) The certifying officers, whose certifications are included herewith, have evaluated the registrant's disclosure controls and procedures within 90 days of the filing date of this report. Based on their evaluation, the certifying officers have concluded that the registrant's disclosure controls and procedures are adequately designed, and are operating effectively to ensure, that information required to be disclosed by the registrant in the reports it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. (b) There were no significant changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. ITEM 3. EXHIBITS. (a) A separate certification for the principal executive officer and the principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2(a)), are filed herewith. - -------------------------------------------------------------------------------- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) SEI Institutional International Trust By (Signature and Title)* /s/ Edward D. Loughlin ---------------------- Edward D. Loughlin Chief Executive Officer Date: August 29, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By (Signature and Title)* /s/ Edward D. Loughlin ---------------------- Edward D. Loughlin Chief Executive Officer Date: August 29, 2005 By (Signature and Title)* /s/ Peter (Pedro) A. Rodriguez ------------------------------ Peter (Pedro) A. Rodriguez Controller & Chief Financial Officer Date: August 29, 2005 *Print the name and title of each signing officer under his or her signature EX-99.CERT 2 nq302certel.txt SIIT 302 CERT EL 6_05 CERTIFICATION I, Edward D. Loughlin, certify that: 1. I have reviewed this report on Form N-Q of SEI Institutional International Trust; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: August 29, 2005 /s/ Edward D. Loughlin - ----------------------- Edward D. Loughlin Chief Executive Officer EX-99.CERT 3 nq302certpr.txt SIIT 302 CERT PR 6_05 CERTIFICATION I, Peter (Pedro) A. Rodriguez, certify that: 1. I have reviewed this report on Form N-Q of SEI Institutional International Trust; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: August 29, 2005 /s/ Peter (Pedro) A. Rodriguez - ------------------------------ Peter (Pedro) A. Rodriguez Controller & Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----