N-Q 1 siitnq12_05combined.txt SEI INST. INTERNATIONAL TRUST N-Q COMBINED 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) SEI Investments One Freedom Valley Drive Oaks, PA 19456 (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, 2006 DATE OF REPORTING PERIOD: DECEMBER 31, 2005 ITEM 1. SCHEDULE OF INVESTMENTS SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL EQUITY FUND December 31, 2005 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- COMMON STOCK -- 97.7% AUSTRALIA -- 2.7% Amcor 177,313 $ 972 Aristocrat Leisure 31,361 283 Australia & New Zealand Banking Group 222,344 3,906 BHP Billiton 508,527 8,486 BlueScope Steel 563,612 2,882 Boral 260,194 1,546 Brambles Industries 1,011,121 7,506 Caltex Australia 70,759 1,006 Centro Properties Group 106,574 495 Coles Myer 109,953 823 Commonwealth Bank of Australia 156,784 4,917 Computershare 224,927 1,120 CSL 18,107 565 CSR 60,474 154 DCA Group 115,810 338 Downer EDI 33,112 174 GPT Group 331,385 997 Iluka Resources 172,410 992 Insurance Australia Group 201,835 802 Macquarie Airports 907,037 2,109 Macquarie Bank 34,999 1,750 Macquarie Goodman Group 56,584 198 Macquarie Infrastructure Group 544,656 1,422 Mayne Group 24,120 62 Mayne Pharma* 24,120 45 Mirvac Group 117,761 356 National Australia Bank 376,593 8,951 Orica 75,728 1,133 Origin Energy 206,000 1,135 Pacific Brands 50,080 98 PaperlinX 39,100 110 Promina Group 217,343 772 Qantas Airways 313,825 930 QBE Insurance Group 763,967 10,984 Rinker Group 199,559 2,408 Rio Tinto 18,901 957 Santos 122,138 1,098 Stockland 299,617 1,429 Suncorp-Metway 8,720 128 Wesfarmers 31,454 853 Westpac Banking 207,323 3,460 Woodside Petroleum 178,578 5,134 Woolworths 289,994 3,584 --------- 87,070 --------- AUSTRIA -- 0.9% Andritz 1,657 181 Boehler-Uddeholm 1,817 306 Erste Bank der Oesterreichischen Sparkassen (A) 26,501 1,468 OMV 159,600 9,236 Raiffeisen International Bank Holding* 7,018 458 Telekom Austria 528,751 11,821 Verbund - Oesterreichische Elektrizitaetswirtschafts, Cl A 9,700 3,444 Voestalpine 30,200 3,026 Wienerberger 4,615 183 --------- 30,123 --------- ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- BELGIUM -- 0.7% Belgacom 4,237 $ 138 Colruyt (A) 1,151 158 Delhaize Group 87,300 5,684 Dexia 13,429 309 Electrabel (A) 2,048 922 Fortis (A) 237,823 7,550 Groupe Bruxelles Lambert 10,987 1,074 KBC Groep 49,985 4,637 UCB 29,750 1,392 --------- 21,864 --------- BRAZIL -- 0.1% Gerdau ADR 92,250 1,539 Uniao de Bancos Brasileiros GDR 13,800 877 --------- 2,416 --------- CANADA -- 1.6% Abitibi-Consolidated (A) 116,200 463 Alcan (A) 128,300 5,246 Cameco (A) 43,900 2,773 Canadian Natural Resources (A) 142,400 7,025 Falconbridge 43,471 1,284 Inco* 58,000 2,527 Manulife Financial (A) 38,000 2,221 Methanex (A) 51,300 960 Potash Saskatchewan (A) 37,300 2,973 Rogers Communications, Cl B (A) 223,850 9,428 Suncor Energy (A) 17,300 1,086 Teck Cominco, Cl B 212,200 11,272 TELUS (A) 124,800 4,986 Toronto-Dominion Bank (A) 19,500 1,020 --------- 53,264 --------- CHINA -- 0.0% China Petroleum & Chemical 2,176,000 1,081 --------- DENMARK -- 0.4% AP Moller - Maersk 218 2,248 Carlsberg, Cl B 5,700 305 D/S Torm (A) 1,800 87 Danisco 2,600 198 Danske Bank 28,900 1,014 DSV 2,200 271 H Lundbeck 8,900 184 NKT Holding 20,800 951 Novo-Nordisk, Cl B (A) 108,000 6,054 TDC 47,455 2,833 William Demant Holding* 5,000 275 --------- 14,420 --------- FINLAND -- 0.9% Amer Sports (A) 48,488 900 Fortum (A) 614,408 11,480 Kesko, Cl B 14,800 418 Metso (A) 70,976 1,935 Neste Oil* 12,000 338 Nokia 173,539 3,162 Nokian Renkaat (A) 8,250 104 Pohjola Group, Cl D (A) 119,289 1,878 Rautaruukki (A) 129,399 3,136 Sampo, Cl A 145,749 2,531 Stora Enso, Cl R (A) 51,200 691 Wartsila, Cl B (A) 48,548 1,432 -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL EQUITY FUND December 31, 2005 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- YIT-Yhtyma 26,650 $ 1,136 --------- 29,141 --------- FRANCE -- 9.3% Accor (A) 31,617 1,733 Air France-KLM 60,624 1,294 Air Liquide 8,117 1,556 Alcatel* 25,135 310 Assurances Generales de France (A) 198,400 19,588 AXA 602,760 19,382 BNP Paribas 300,353 24,215 Bouygues (A) 408,353 19,893 Business Objects* 10,332 417 Carrefour 136,449 6,370 Casino Guichard Perrachon 10,132 672 Cie de Saint-Gobain 65,173 3,863 Cie Generale d'Optique Essilor International 14,320 1,152 CNP Assurances 6,724 528 Compagnie Generale des Etablissements Michelin, Cl B 35,551 1,991 Credit Agricole (A) 171,945 5,397 Dassault Systemes (A) 113,062 6,360 France Telecom 979,402 24,249 Groupe Danone 85,157 8,864 L'Oreal 34,525 2,558 Lafarge 31,648 2,837 Neopost 3,047 304 PagesJaunes Groupe 7,224 187 Pernod-Ricard 806 140 Peugeot 12,698 729 Publicis Groupe (A) 139,309 4,831 Renault (A) 122,138 9,926 Sanofi-Aventis 388,273 33,892 Schneider Electric (A) 68,163 6,058 SCOR 511,034 1,097 Societe Generale 150,501 18,445 Suez 115,029 3,568 Total 195,193 48,857 Veolia Environnement (A) 61,200 2,761 Vinci (A) 142,695 12,228 Vivendi Universal 207,700 6,483 Zodiac 4,595 294 --------- 303,029 --------- GERMANY -- 6.7% Allianz 74,704 11,274 Altana 16,700 906 BASF 110,614 8,443 Bayer 421,134 17,530 Bayerische Hypo-und Vereinsbank 200,700 6,063 Bayerische Motoren Werke (A) 122,227 5,342 Celesio (A) 2,638 226 Commerzbank 291,950 8,960 Continental (A) 125,392 11,090 DaimlerChrysler 205,287 10,446 Deutsche Bank 85,928 8,301 Deutsche Boerse 36,675 3,745 Deutsche Post (A) 159,251 3,847 Deutsche Telekom 603,228 10,018 E.ON 176,189 18,162 Fresenius Medical Care (A) 73,395 7,705 Henkel 11,700 1,084 Hochtief 24,902 1,111 Hypo Real Estate Holding 136,950 7,105 Infineon Technologies (A) 428,228 3,905 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- Linde 50,349 $ 3,906 MAN 137,839 7,329 Merck KGaA 86,723 7,155 Muenchener Rueckversicherungs 80,244 10,826 RWE 107,895 7,961 SAP 62,103 11,220 SAP ADR 10,800 487 Siemens 249,207 21,282 Suedzucker 64,004 1,497 Volkswagen (A) 67,548 3,554 Wincor Nixdorf 2,500 264 --------- 220,744 --------- GREECE -- 0.1% Coca Cola Hellenic Bottling 5,160 151 Intracom 40,290 266 National Bank of Greece 32,420 1,377 OPAP 38,100 1,308 Piraeus Bank 17,625 376 Titan Cement 5,480 223 --------- 3,701 --------- HONG KONG -- 1.4% ASM Pacific Technology 28,000 158 Cheung Kong Holdings 226,500 2,324 China Mobile Hong Kong 3,319,000 15,710 CLP Holdings 97,000 563 CNOOC 12,595,000 8,528 Hang Lung Group 248,000 526 Hang Lung Properties 561,000 876 Henderson Land Development 125,000 588 HongKong Electric Holdings 211,800 1,049 Hopewell Holdings 92,000 231 Hysan Development 821,000 2,033 Kingboard Chemical Holdings 58,000 157 Li & Fung 1,316,000 2,537 MTR 818,800 1,611 New World Development 805,000 1,106 PCCW (A) 1,238,000 762 Prosperity REIT 5,266 54 Shangri-La Asia 658,000 1,099 Sun Hung Kai Properties 303,000 2,951 Swire Pacific, Cl A 146,500 1,315 Wharf Holdings 94,000 332 --------- 44,510 --------- HUNGARY -- 0.0% Mol Magyar Olaj-es Gazipari 13,000 1,212 --------- INDIA -- 0.0% Infosys Technologies ADR 7,400 599 Punjab National Bank 90,000 932 --------- 1,531 --------- IRELAND -- 0.6% Allied Irish Banks 65,880 1,403 Anglo Irish Bank 490,350 7,415 Bank of Ireland 21,468 337 CRH 133,302 3,907 DCC 7,832 167 Depfa Bank 315,550 4,649 Fyffes 94,495 257 --------- 18,135 --------- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL EQUITY FUND December 31, 2005 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- ISRAEL -- 0.1% Bank Hapoalim 445,000 $ 2,067 Teva Pharmaceutical Industries ADR 25,000 1,075 --------- 3,142 --------- ITALY -- 2.8% Assicurazioni Generali 33,700 1,173 Banca Intesa 777,739 4,105 Banca Intesa RNC 38,669 190 Banca Monte dei Paschi di Siena (A) 653,522 3,043 Banca Popolare di Milano (A) 877,925 9,584 Banche Popolari Unite (A) 43,164 943 Banco Popolare di Verona e Novara 22,782 459 Benetton Group 14,341 163 Buzzi Unicem 12,600 197 Capitalia (A) 448,794 2,589 Enel (A) 210,186 1,645 ENI - Ente Nazionale Idrocarburi 1,254,602 34,673 Fiat* 150,116 1,303 Fiat RNC* 497,090 3,841 Finmeccanica 119,400 2,303 Italcementi (A) 24,882 463 Luxottica Group 9,449 239 Mediobanca (A) 118,048 2,246 Recordati 201,400 1,383 Sanpaolo IMI 525,692 8,191 Snam Rete Gas 182,904 749 Telecom Italia 905,810 2,628 Telecom Italia RNC 3,848,578 9,510 UniCredito Italiano (A) 195,717 1,344 --------- 92,964 --------- JAPAN -- 27.6% 77 Bank 127,000 964 Acom 26,030 1,672 Aderans 3,500 105 Advantest (A) 29,900 3,012 Aeon 191,700 4,872 Ajinomoto 103,000 1,053 Amada 421,000 3,710 Amano (A) 88,800 1,693 Aoyama Trading 39,300 1,329 Asahi Breweries (A) 83,100 1,013 Asahi Kasei 332,000 2,245 Asatsu-DK (A) 41,800 1,328 Astellas Pharma (A) 214,700 8,368 Autobacs Seven 70,900 3,718 Bank of Fukuoka (A) 129,000 1,103 Bridgestone 88,000 1,830 Canon (A) 513,714 30,032 Canon Sales (A) 86,000 1,836 Central Glass (A) 51,000 282 Central Japan Railway 710 6,797 Chiyoda 60,000 1,378 Chubu Electric Power (A) 136,000 3,238 Citizen Watch (A) 12,100 100 COMSYS Holdings (A) 107,000 1,529 CSK Holdings 2,900 145 Dai Nippon Printing 482,391 8,583 Daicel Chemical Industries (A) 40,000 287 Daido Steel 190,000 1,814 Daiichi Sankyo 198,675 3,829 Daimaru 75,000 1,081 Dainippon Ink and Chemicals 370,000 1,602 Dainippon Screen Manufacturing (A) 375,000 3,136 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- Daito Trust Construction (A) 23,800 $ 1,230 Daiwa House Industry 136,000 2,125 Daiwa Securities Group 677,000 7,669 Denki Kagaku Kogyo 613,000 2,706 Denso 3,800 131 East Japan Railway 777 5,339 Eisai 45,400 1,904 Electric Power Development 18,100 621 Fanuc 153,200 12,993 Fast Retailing (A) 57,200 5,588 Fuji Photo Film 168,300 5,561 Fuji Television Network 43 108 Fujikura 67,000 543 Fujitsu 118,000 898 Gunma Bank 141,000 1,042 Gunze 420,000 2,790 Hino Motors (A) 43,000 272 Hirose Electric 22,500 2,999 Hitachi 2,112,285 14,227 Hitachi Cable (A) 264,000 1,239 Hitachi Capital 101,300 2,017 Hitachi Chemical 11,700 309 Hokkaido Electric Power 92,581 1,882 Honda Motor (A) 243,110 13,862 House Foods (A) 64,200 974 Hoya 82,200 2,953 Ibiden 159,200 8,524 Isetan 260,800 5,557 Itochu 1,040,000 8,670 Japan Tobacco 684 9,968 JFE Holdings 268,100 8,995 JS Group (A) 74,700 1,494 JSR 12,300 323 Kamigumi 28,000 248 Kaneka 26,000 314 Kansai Electric Power 537,844 11,552 Kansai Paint 171,000 1,465 Kao (A) 403,000 10,789 Katokichi 180,100 1,225 KDDI (A) 63 363 Keisei Electric Railway (A) 141,000 962 Keyence (A) 2,100 597 Kikkoman 105,000 1,019 Kinden 112,000 1,011 Kirin Brewery (A) 201,000 2,342 Kobe Steel 2,274,000 7,360 Komatsu 1,184,000 19,571 Komori 11,000 202 Kubota 622,000 5,222 Kuraray 105,000 1,087 Kurita Water Industries (A) 9,000 171 Kyocera (A) 147,600 10,755 Kyushu Electric Power 192,300 4,171 Lawson 76,900 3,166 Makita 83,000 2,039 Marubeni 532,000 2,853 Marui 335,700 6,584 Matsushita Electric Industrial (A) 757,470 14,600 Matsushita Electric Works 163,000 1,522 Mediceo Paltac Holdings 6,300 91 Meiji Seika Kaisha 197,000 1,046 Millea Holdings (A) 701 12,056 Mitsubishi 834,000 18,442 Mitsubishi Electric 1,020,000 7,216 Mitsubishi Estate (A) 512,900 10,646 Mitsubishi Gas Chemical 222,000 2,097 Mitsubishi Heavy Industries 259,000 1,141 Mitsubishi Materials (A) 289,000 1,476 Mitsubishi Rayon 364,000 2,405 -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL EQUITY FUND December 31, 2005 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- Mitsubishi UFJ Financial Group 2,853 $ 38,669 Mitsui 423,000 5,429 Mitsui Chemicals 395,000 2,654 Mitsui Mining & Smelting 195,000 1,224 Mitsui OSK Lines 1,555,000 13,557 Mitsui Sumitomo Insurance 277,000 3,386 Mitsui Trust Holdings 925,100 11,098 Mizuho Financial Group 2,079 16,487 Murata Manufacturing (A) 15,400 986 Namco Bandai Holdings 8,550 125 NEC 1,749,000 10,877 NGK Spark Plug (A) 70,000 1,512 NHK Spring (A) 47,000 489 Nichirei 277,000 1,155 Nidec (A) 35,200 2,991 Nikon 117,000 1,845 Nintendo (A) 25,400 3,067 Nippon Electric Glass 127,000 2,771 Nippon Kayaku 125,000 1,066 Nippon Mining Holdings 143,000 1,016 Nippon Oil 311,000 2,411 Nippon Sheet Glass (A) 510,000 2,225 Nippon Shokubai 112,000 1,267 Nippon Steel (A) 833,000 2,964 Nippon Telegraph & Telephone 1,720 7,811 Nippon Yusen Kabushiki Kaisha 366,000 2,506 Nishimatsu Construction (A) 427,000 1,751 Nissan Motor (A) 1,369,300 13,864 Nisshin Seifun Group 155,900 1,646 Nisshinbo Industries 151,000 1,649 Nitori (A) 6,400 596 Nitto Denko 59,000 4,594 Nomura Holdings 450,700 8,630 NSK 233,000 1,591 NTN 56,000 442 NTT Data (A) 353 1,756 NTT DoCoMo 3,828 5,838 Obayashi 116,000 854 Oki Electric Industry 878,000 3,206 Okumura 494,000 2,775 Onward Kashiyama 62,000 1,219 Oriental Land (A) 94,300 5,137 ORIX (A) 129,100 32,868 Osaka Gas 1,459,000 5,031 Pioneer (A) 79,600 1,103 Promise (A) 40,850 2,717 Ricoh 83,000 1,452 Rohm 66,500 7,229 Santen Pharmaceutical (A) 51,100 1,411 Sanwa Shutter (A) 206,000 1,271 Secom 56,500 2,954 Sega Sammy Holdings 103,900 3,477 Seiko Epson 3,700 93 Sekisui Chemical (A) 49,000 331 Sekisui House 155,000 1,949 Seven & I Holdings 3,100 133 Sharp 73,000 1,110 Shimachu 35,000 1,062 Shimamura 16,300 2,254 Shin-Etsu Chemical 43,500 2,311 Shinsei Bank 1,175,000 6,789 Shiseido 17,000 317 Shizuoka Bank 97,000 971 Showa Denko 120,000 468 Showa Shell Sekiyu (A) 108,200 1,291 SMC (A) 30,300 4,326 Softbank (A) 355,500 14,999 Sompo Japan Insurance 145,000 1,959 Sony (A) 253,800 10,364 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- Sumitomo 528,000 $ 6,822 Sumitomo Chemical 138,000 947 Sumitomo Electric Industries (A) 171,300 2,599 Sumitomo Forestry (A) 84,000 840 Sumitomo Heavy Industries 410,000 3,439 Sumitomo Metal Industries 857,000 3,296 Sumitomo Mitsui Financial Group 3,439 36,421 Sumitomo Osaka Cement 1,025,000 2,987 Sumitomo Realty & Development 53,000 1,152 Sumitomo Rubber Industries (A) 34,000 484 Sumitomo Trust & Banking 176,000 1,797 Suzuken 93,100 2,974 Suzuki Motor 191,200 3,540 T&D Holdings 15,300 1,014 Taiheiyo Cement 325,000 1,319 Taisei 92,000 417 Taisho Pharmaceutical (A) 99,000 1,854 Taiyo Yuden 100,000 1,377 Takeda Pharmaceutical 244,600 13,222 Takefuji 40,530 2,751 Tanabe Seiyaku 22,000 214 TDK (A) 26,600 1,832 Teijin 47,000 298 Toda (A) 172,000 944 Tohoku Electric Power (A) 200,000 4,067 Tokuyama (A) 176,000 2,259 Tokyo Electric Power 367,500 8,920 Tokyo Electron 86,500 5,431 Tokyo Gas (A) 1,773,000 7,871 Tokyo Style 92,000 1,126 Tokyu 279,000 1,971 Tokyu Land 127,000 1,269 Toppan Printing 231,000 2,697 Toshiba 153,000 913 Toyo Seikan Kaisha 75,000 1,221 Toyo Suisan Kaisha 159,000 2,565 Toyobo 426,000 1,426 Toyota Industries 96,200 3,456 Toyota Motor 384,400 19,932 Trend Micro 50,000 1,889 Ube Industries 489,000 1,326 Uni-Charm 18,400 826 UNY 126,000 1,987 Ushio (A) 48,600 1,134 Yahoo! Japan 2,388 3,622 Yamada Denki 114,250 14,287 Yamaha (A) 86,800 1,442 Yamaha Motor (A) 44,900 1,172 Yamato Transport 187,800 3,112 Yaskawa Electric (A) 124,000 1,250 --------- 902,090 --------- LUXEMBOURG -- 0.5% Arcelor 493,010 12,183 SES Global FDR 240,090 4,106 --------- 16,289 --------- MEXICO -- 0.6% America Movil ADR, Ser L 382,750 11,200 Fomento Economico Mexicano ADR 94,900 6,881 --------- 18,081 --------- NETHERLANDS -- 5.4% ABN AMRO Holding 827,920 21,573 Aegon (A) 583,538 9,464 Akzo Nobel 80,127 3,700 Buhrmann 240,592 3,528 -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL EQUITY FUND December 31, 2005 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- CSM 92,020 $ 2,500 DSM 64,338 2,618 European Aeronautic Defense and Space 94,790 3,567 Heineken 84,876 2,681 Heineken Holding 65,662 1,922 ING Groep (A) 1,045,344 36,128 James Hardie Industries 135,713 896 Koninklijke Philips Electronics (A) 53,823 1,667 Randstad Holdings 15,738 681 Reed Elsevier 66,405 924 Royal Dutch Shell ADR, Cl A 22,400 1,377 Royal Dutch Shell, Cl A 1,255,574 38,180 Royal Dutch Shell, Cl B 380,119 12,125 Royal KPN 700,132 6,995 Royal Numico (A)* 29,814 1,230 TNT 152,348 4,744 Unilever (A) 298,243 20,351 VNU 24,461 808 Wereldhave 1,288 121 Wolters Kluwer 14,573 294 --------- 178,074 --------- NEW ZEALAND -- 0.2% Fletcher Building 41,897 215 Telecom of New Zealand (A) 1,171,456 4,795 --------- 5,010 --------- NORWAY -- 0.9% DNB (A) 230,200 2,448 Norsk Hydro (A) 161,340 16,512 Norske Skogindustrier (A) 77,142 1,222 Orkla 18,900 780 ProSafe (A) 5,300 224 Statoil (A) 353,750 8,098 Storebrand 21,600 186 Yara International (A) 44,200 641 --------- 30,111 --------- PHILIPPINES -- 0.0% Philippine Long Distance Telephone 21,400 731 --------- PORTUGAL -- 0.4% Banco BPI 66,474 303 Banco Comercial Portugues 808,829 2,223 Banco Espirito Santo 63,200 1,014 Cimpor Cimentos de Portugal 60,701 333 Energias de Portugal 472,183 1,448 Portugal Telecom* 346,359 3,493 Sonae 1,876,286 2,611 Sonae Industria* 127,206 960 --------- 12,385 --------- SINGAPORE -- 0.7% City Developments 21,000 110 DBS Group Holdings 103,000 1,022 Flextronics International* 257,000 2,683 Fraser and Neave 101,000 1,124 Jardine Cycle & Carriage 17,000 113 Keppel 84,000 556 Keppel Land 539,000 1,186 Neptune Orient Lines 181,000 366 SembCorp Industries 626,000 1,031 SembCorp Marine 1,375,000 2,282 Singapore Airlines 30,000 224 Singapore Telecommunications 5,129,714 8,052 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- United Overseas Bank 405,000 $ 3,556 United Overseas Land 9,000 14 --------- 22,319 --------- SOUTH AFRICA -- 0.4% Sanlam 745,380 1,785 Sasol 326,617 11,664 Telkom 45,860 975 --------- 14,424 --------- SOUTH KOREA -- 1.5% Honam Petrochemical 23,600 1,157 Hyundai Motor 91,080 8,665 Industrial Bank of Korea 49,730 853 INI Steel 59,040 1,206 Kookmin Bank 18,900 1,424 POSCO 8,800 1,751 Samsung Electronics 15,920 10,242 Samsung Electronics GDR (2) 40,629 13,388 Shinhan Financial Group 228,530 9,191 --------- 47,877 --------- SPAIN -- 4.3% Abertis Infraestructuras (A) 37,000 928 Acciona (A) 32,092 3,575 ACS Actividades Cons y Serv 366,126 11,751 Altadis 105,928 4,788 Antena 3 de Television (A) 14,259 339 Banco Bilbao Vizcaya Argentaria 780,685 13,887 Banco Santander Central Hispano 1,546,920 20,345 Corp Mapfre (A) 149,837 2,465 Ebro Puleva (A) 161,952 2,680 Endesa 549,888 14,412 Fomento de Construcciones y Contratas 37,104 2,096 Gas Natural SDG (A) 42,485 1,186 Grupo Ferrovial 44,011 3,037 Iberdrola 254,894 6,942 Inditex 46,983 1,527 Repsol (A) 965,661 28,100 Sacyr Vallehermoso (A) 102,755 2,497 Sociedad General de Aguas de Barcelona 43,500 924 Telefonica (A) 1,118,441 16,768 Union Fenosa (A) 30,300 1,123 --------- 139,370 --------- SWEDEN -- 1.7% Atlas Copco, Cl A (A) 453,700 10,090 Axfood 5,100 142 Castellum 29,400 1,057 Eniro 22,200 279 Fabege 68,987 1,313 Getinge 10,600 146 Hennes & Mauritz, Cl B 6,450 219 Nordea Bank (A) 275,357 2,854 Sandvik 46,300 2,152 Securitas, Cl B 9,800 163 Skandinaviska Enskilda Banken 90,600 1,861 SKF, Cl B 293,354 4,110 Ssab Svenskt Stal, Cl A 110,958 4,029 Svenska Cellulosa, Cl B 30,300 1,131 Svenska Handelsbanken, Cl A 44,100 1,092 Swedish Match 28,000 329 Tele2, Cl B (A) 106,900 1,145 -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL EQUITY FUND December 31, 2005 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- Telefonaktiebolaget LM Ericsson ADR 25,200 $ 867 Telefonaktiebolaget LM Ericsson, Cl B 2,031,500 6,969 TeliaSonera 248,500 1,333 Trelleborg, Cl B 86,000 1,713 Volvo, Cl A 3,000 137 Volvo, Cl B (A) 292,100 13,745 --------- 56,876 --------- SWITZERLAND -- 7.1% ABB 43,602 422 Adecco 22,300 1,025 Ciba Specialty Chemicals 2,166 140 Clariant 30,142 442 Compagnie Financiere Richemont 142,287 6,175 Credit Suisse Group 454,705 23,116 Geberit 1,198 945 Holcim 212,980 14,463 Logitech International* 5,009 235 Micronas Semiconductor Holdings (A)* 21,900 723 Nestle 166,049 49,514 Novartis 957,121 50,145 Phonak Holding 5,055 217 PSP Swiss Property 3,888 168 Rieter Holding 760 225 Roche Holding 165,140 24,722 Sulzer 577 305 Swatch Group 10,134 306 Swatch Group, Cl B 2,779 411 Swiss Reinsurance 109,971 8,027 Swisscom 9,013 2,836 Syngenta 5,978 742 Synthes 4,599 515 UBS 320,940 30,464 Xstrata 362,251 8,458 Zurich Financial Services 32,301 6,862 --------- 231,603 --------- TAIWAN -- 0.3% Chunghwa Telecom ADR 176,000 3,229 Compal Electronics 1,247,700 1,125 HON HAI Precision Industry GDR 115,369 1,327 Taiwan Semiconductor Manufacturing 993,297 1,890 Taiwan Semiconductor Manufacturing ADR 196,876 1,951 --------- 9,522 --------- THAILAND -- 0.0% PTT 199,200 1,098 --------- TURKEY -- 0.0% Ford Otomotiv Sanayi 46,593 407 --------- UNITED KINGDOM -- 17.8% 3i Group 22,128 322 Alliance Unichem 36,585 503 Anglo American 193,638 6,579 ARM Holdings 191,111 397 AstraZeneca 318,532 15,470 AstraZeneca (A)(SEK) 108,936 5,318 Aviva 742,107 8,982 BAA 268,892 2,894 BAE Systems 569,500 3,732 Balfour Beatty 41,563 254 ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) ------------------------------------------------------------------------------- Barclays 1,585,759 $ 16,633 Barratt Developments 178,756 3,026 Bellway 126,195 2,446 Berkeley Group Holdings 13,095 250 BG Group 107,900 1,064 BHP Billiton 1,468,859 23,943 BOC Group 371,765 7,646 Bovis Homes Group 17,330 237 BP 5,081,926 54,004 BPB 40,876 542 Brambles Industries 147,043 1,053 British Airways* 299,489 1,717 British American Tobacco 805,101 17,968 British Land 84,844 1,553 British Sky Broadcasting 287,173 2,448 BT Group 1,300,992 4,975 Bunzl 193,398 2,118 Burberry Group 66,593 491 Cable & Wireless 496,300 1,016 Cadbury Schweppes 1,817,577 17,146 Capita Group 32,792 235 Carnival 27,098 1,535 Close Brothers Group 9,375 146 Compass Group 289,100 1,094 Cookson Group* 21,687 158 Daily Mail & General Trust 14,383 195 Diageo 187,350 2,710 Emap 35,624 528 Enterprise Inns 64,888 1,045 First Choice Holidays 37,678 162 Firstgroup 26,013 179 Friends Provident 1,327,770 4,320 Gallaher Group 11,798 178 GKN 64,920 321 GlaxoSmithKline 1,741,896 43,929 GUS 187,770 3,327 Hammerson 13,388 235 Hanson 331,838 3,640 Hays 3,052,269 6,576 HBOS 972,180 16,573 Hilton Group 421,105 2,628 HSBC Holdings 1,367,850 21,909 Imperial Chemical Industries 216,785 1,236 Imperial Tobacco Group 501,555 14,956 Inchcape 18,886 740 Intercontinental Hotels Group 645,187 9,298 J Sainsbury 937,786 5,075 Kelda Group 22,892 304 Kingfisher 309,968 1,263 Land Securities Group 49,010 1,399 Legal & General Group 270,950 567 Liberty International 14,571 245 Lloyds TSB Group 679,132 5,695 Man Group 72,617 2,381 Mitchells & Butlers 347,456 2,493 National Grid 1,144,870 11,174 Next 9,511 251 Pearson 165,169 1,949 Persimmon 359,424 7,762 Pilkington 80,068 205 Prudential 13,744 130 Punch Taverns 286,412 4,174 Reckitt Benckiser 302,136 9,959 Reed Elsevier 1,427,858 13,384 Rexam 15,121 132 Rio Tinto 353,978 16,134 Rolls-Royce Group 544,984 4,000 Royal & Sun Alliance Insurance Group 1,617,746 3,492 -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL EQUITY FUND December 31, 2005 ------------------------------------------------------------------------------- SHARES/FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (3) ($ THOUSANDS) ------------------------------------------------------------------------------- Royal Bank of Scotland Group 1,117,641 $ 33,673 SABMiller 131,689 2,399 Scottish & Newcastle 217,844 1,819 Scottish & Southern Energy 110,375 1,921 Scottish Power 1,671,854 15,599 Severn Trent 26,823 499 Smith & Nephew 717,500 6,596 Smiths Group 33,639 604 Sportingbet 882,500 5,204 Stagecoach Group 63,489 126 Standard Chartered 160,422 3,566 Tate & Lyle 449,715 4,347 Taylor Woodrow 606,142 3,959 Tesco 80,999 461 Tomkins 53,181 274 Travis Perkins 7,528 181 Trinity Mirror 154,367 1,519 Unilever 623,807 6,174 United Business Media 47,076 515 United Utilities 156,806 1,806 Vodafone Group 21,121,428 45,506 Whitbread 233,096 3,798 Wimpey George 447,428 3,687 Wolseley 122,865 2,584 WPP Group 44,746 483 Yell Group 90,800 836 ---------- 582,884 ---------- Total Common Stock (Cost $2,583,490) ($ Thousands) 3,197,498 ---------- COMMERCIAL PAPER (B)(D) -- 6.3% UNITED STATES -- 6.3% ASAP Funding 4.290%, 01/09/06 $ 15,000 14,984 Atlas Capital 4.362%, 01/03/06 8,100 8,097 Barton Capital 4.268%, 01/12/06 30,000 29,958 Bavaria TRR 4.352%, 01/03/06 25,000 24,991 Clipper Receivables 4.327%, 01/23/06 5,000 4,986 Harwood Street Funding 4.359%, 01/17/06 15,000 14,969 Harwood Street Funding II 4.362%, 01/13/06 8,000 7,987 Jupiter Securitization 4.337%, 01/23/06 12,000 11,967 Main Street Warehouse 4.326%, 01/06/06 25,000 24,982 Mica Funding LLC 4.295%, 01/03/06 5,000 4,998 Mitten RFC 4.424%, 01/17/06 5,000 4,990 4.423%, 01/13/06 15,000 14,976 Park Sienna LLC 4.424%, 01/04/06 8,000 7,996 4.357%, 01/05/06 10,000 9,994 Sheffield Receivables 4.305%, 01/13/06 20,000 19,969 ---------- Total Commercial Paper (Cost $205,844) ($ Thousands) 205,844 ---------- ------------------------------------------------------------------------------- SHARES/FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (3) ($ THOUSANDS) ------------------------------------------------------------------------------- CORPORATE OBLIGATIONS (B)(C)(E) -- 1.5% UNITED STATES -- 1.5% Harrier Finance Funding LLC MTN 4.250%, 04/27/06 $ 10,000 $ 10,000 K2 LLC MTN 4.250%, 05/10/06 10,000 10,000 Links Finance LLC MTN 4.250%, 04/28/06 10,000 10,000 Theta Funding MTN 4.255%, 05/05/06 10,000 10,000 Whistlejacket Funding LLC MTN 4.255%, 05/15/06 10,000 10,000 ---------- Total Corporate Obligations (Cost $50,000) ($ Thousands) 50,000 ---------- ASSET-BACKED SECURITIES (B)(C)(E) -- 0.8% Park Place Securities NIM Trust, Ser 2004-MM1, Cl AM3 4.394%, 05/25/06 12,344 12,344 Wachovia Asset Securization, Ser 2004-HM1A, Cl A 4.408%, 11/25/34 13,090 13,090 ---------- Total Asset-Backed Securities (Cost $25,434) ($ Thousands) 25,434 ---------- CASH EQUIVALENTS (H) -- 0.7% Barclays Global Investors Funds, Prime Institutional Money Market Fund, 4.221% (B) 100,000 100 SEI Daily Income Trust, Prime Obligation Fund, Cl A, 4.200% (G) 13,778,512 13,779 The Reserve Funds, Primary Fund, Cl 8, 4.221% (B) 9,813,928 9,814 ---------- Total Cash Equivalents (Cost $23,693) ($ Thousands) 23,693 ---------- PREFERRED STOCK -- 0.5% AUSTRALIA -- 0.0% News 44,855 707 --------- BRAZIL -- 0.2% Braskem, Cl A 116,000 944 Petroleo Brasileiro 236,000 3,760 Suzano Bahia Sul Papel e Celulose 126,000 635 Usinas Siderurgicas de Minas Gerais, Cl A 54,200 1,290 ---------- 6,629 ---------- GERMANY -- 0.2% Fresenius Medical Care 14,548 1,353 Porsche 9,196 6,584 Volkswagen 7,714 296 ---------- 8,233 ---------- ITALY -- 0.1% Fiat* 272,840 1,908 ---------- Total Preferred Stock (Cost $14,191) ($ Thousands) 17,477 ---------- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL EQUITY FUND December 31, 2005 ------------------------------------------------------------------------------- SHARES/FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (3) ($ THOUSANDS) ------------------------------------------------------------------------------- EQUITY LINKED WARRANTS -- 0.4% NUMBER OF WARRANTS -------- TAIWAN -- 0.2% Hon Hai Precision Industry* 935 $ 5,146 ---------- THAILAND -- 0.2% High Tech Computer* 399 7,486 ---------- Total Equity Linked Warrants (Cost $10,499) ($ Thousands) 12,632 ---------- U.S. TREASURY OBLIGATIONS(D) -- 0.2% UNITED STATES -- 0.2% U.S Treasury Bills 4.207%, 05/25/06 1,405 1,383 3.653%, 01/05/06 3,450 3,449 3.377%, 01/12/06 1,000 999 3.368%, 01/19/06 1,100 1,098 3.274%, 01/26/06 (1) 450 449 ---------- Total U.S. Treasury Obligations (Cost $7,377) ($ Thousands) 7,378 ---------- EXCHANGE TRADED FUND -- 0.1% UNITED STATES -- 0.1% iShares MSCI EAFE Index Fund 61,100 3,633 ---------- Total Exchange Traded Fund (Cost $3,578) ($ Thousands) 3,633 ---------- REPURCHASE AGREEMENTS (B)(F) -- 8.4% Bank of America 4.270%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $95,045,072 (collateralized by various FNMA obligations, ranging in par value $33,332,524-$65,782,212, 5.000%-5.500%, 12/01/20-07/01/35; with a total market value of $96,900,001) 95,000 95,000 Goldman Sachs 4.350%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $95,045,917 (collateralized by a various FNMA obligations, ranging in par value $14,960,447-$46,668,303, 5.000%-6.000%, 01/01/24-12/01/35; with a total market value of $96,900,000) 95,000 95,000 Lehman Brothers 4.250%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $85,040,139 (collateralized by various FNMA obligations, ranging in par value $5,843,118-$8,056,593, 4.500%-6.930%, 09/01/18-11/01/35; with a total market value of $86,704,195) 85,000 85,000 ---------- Total Repurchase Agreements (Cost $275,000) ($ Thousands) 275,000 ---------- ------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION ($ THOUSANDS) ------------------------------------------------------------------------------- Total Investments -- 116.6% (Cost $3,199,106) ($ Thousands)+ $3,818,589 ========== Percentages are based on Net Assets of $3,274,206 ($ 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) 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." As of December 31, 2005, the total value of these securities was $13,388 ($ Thousands), representing 0.41% of the Fund's net assets. (3) In U.S. dollars unless otherwise indicated. (A) This security or a partial position of this security is on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 was $526,033 ($ Thousands). (B) This security was purchased with cash collateral held from securities lending. The total value of such securities as of December 31, 2005 was $566,192 ($ Thousands). (C) Variable Rate Security -- The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2005. (D) The rate reported is the effective yield at time of purchase. (E) This security, which was purchased with cash collateral, was sold within the terms of private placement memorandum, exempt 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". (F) Tri-Party Repurchase Agreements. (G) Pursuant to an exemptive order issued by the Securities and Exchange Commission, the Funds may invest in the SEI money market funds, provided that investments in the money market funds do not exceed 25% of the investing Fund's total assets. (H) Rates shown are the 7-day effective yields as of December 31, 2005. ADR -- American Depositary Receipt Cl -- Class FDR -- Fiduciary Depositary Receipt FNMA -- Federal National Mortgage Association GDR -- Global Depositary Receipt LLC -- Limited Liability Company MTN -- Medium Term Note REIT -- Real Estate Investment Trust SEK -- Swedish Krona Ser -- Series -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL EQUITY FUND December 31, 2005 Futures -- A summary of the open future contracts held by the Fund at December 31, 2005, is as follows: --------------------------------------------------------------------------------
UNREALIZED CONTRACT APPRECIATION NUMBER OF VALUE (DEPRECIATION) TYPE OF CONTRACT CONTRACTS ($ THOUSANDS) EXPIRATION ($ THOUSANDS) ---------------------------------------------------------------------------------------- DJ Euro Stoxx 194 $ 8,211 March 2006 $ 75 FTSE 100 Index 67 6,460 March 2006 115 Hang Seng Index 6 574 January 2006 (18) SPI 200 Index 22 1,907 March 2006 55 Topix Index 43 5,988 March 2006 208 ------------ $ 435 ============
+ At December 31, 2005, the tax basis cost of the Fund's investments was $3,199,106 ($ Thousands), and the unrealized appreciation and depreciation were $661,357 ($ Thousands) and $(41,874) ($ 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 and annual financial statements. -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS EQUITY FUND December 31, 2005 -------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) -------------------------------------------------------------------------------- COMMON STOCK -- 94.0% ARGENTINA -- 0.2% Grupo Financiero Galicia ADR 266,824 $ 1,844 IRSA Inversiones y Representaciones GDR* 101,000 1,220 --------- 3,064 --------- BERMUDA -- 0.1% Credicorp 46,400 1,058 --------- BRAZIL -- 8.9% All America Latina Logistica 18,600 794 All America Latina Logistica GDR 2,500 107 Aracruz Celulose ADR 31,343 854 Arcelor Brasil 140,167 1,680 Banco Bradesco ADR 179,800 5,241 Banco Itau Holding Financeira ADR 163,910 3,937 Banco Nossa Caixa 137,550 2,056 Brasil Telecom Participacoes 11,600 433 Brasil Telecom Participacoes ADR 122,610 4,580 Braskem ADR 161,400 2,616 Centrais Eletricas Brasileiras 34,932,900 568 Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR 142,050 4,673 Cia de Saneamento Basico do Estado de Sao Paulo 34,912,800 2,347 Cia de Saneamento Basico do Estado de Sao Paulo ADR 19,000 321 Cia Siderurgica Nacional ADR 123,500 2,643 Cia Vale do Rio Doce ADR 593,969 22,346 Cosan Industria e Comercio* 6,300 184 CPFL Energia ADR 27,200 948 Empresa Brasileira de Aeronautica ADR 42,920 1,678 Gol Linhas Aereas Inteligentes ADR 17,300 488 Grendene 122,000 1,173 Localiza Rent A CAR 37,700 462 Lojas Renner 55,000 1,766 Natura Cosmeticos 14,400 635 Petroleo Brasileiro ADR 552,357 36,701 Tele Norte Leste Participacoes 111,268 2,539 Tele Norte Leste Participacoes ADR 406,200 7,279 Telecomunicacoes Brasileiras ADR 16,560 569 Tim Participacoes ADR 76,300 1,929 Tractebel Energia 56,900 367 Uniao de Bancos Brasileiros GDR 94,380 6,000 Votorantim Celulose e Papel ADR 92,700 1,139 --------- 119,053 --------- CHILE -- 0.9% Banco Santander Chile ADR (C) 44,600 1,989 Centros Comerciales Sudamericanos 13,800 27 Cervecerias Unidas ADR 9,100 230 Cia Cervecerias Unidas ADR 7,477 189 CorpBanca 331,391,300 1,812 Empresa Nacional de Electricidad ADR (C) 124,900 3,824 Empresas CMPC 13,400 332 Enersis 12,281,127 2,686 Enersis ADR 90,222 992 Masisa ADR* 41,400 392 -------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) -------------------------------------------------------------------------------- United Breweries 42,600 $ 216 --------- 12,689 --------- CHINA -- 3.4% Baidu.com ADR* 1,000 63 Beijing Capital International Airport 699,000 320 Byd (C) 588,500 907 China Construction Bank* 10,289,000 3,583 China Petroleum & Chemical 18,653,900 9,262 China Petroleum & Chemical ADR 6,100 303 China Shenhua Energy* 3,887,000 4,286 China Shipping Development 5,516,000 4,055 China Telecom 28,578,800 10,505 Huadian Power International (C) 6,747,400 1,723 Huaneng Power International 1,531,800 1,008 PetroChina 6,247,000 5,116 PICC Property & Casualty 579,000 166 Sinotrans 2,934,000 1,192 Weiqiao Textile 707,900 968 Yanzhou Coal Mining 2,174,000 1,395 --------- 44,852 --------- COLOMBIA -- 0.3% BanColombia ADR (C) 133,100 3,837 --------- CROATIA -- 0.1% Pliva D.D. GDR (A) 96,400 1,277 --------- CZECH REPUBLIC -- 0.3% Cesky Telecom GDR* 213,123 4,401 --------- EGYPT -- 1.0% Commercial International Bank GDR (A) 33,300 329 Mobinil-Egyptian Mobile Services 41,616 1,454 Orascom Construction Industries 206,690 7,923 Orascom Construction Industries GDR 20,800 1,585 Orascom Telecom Holding 15,700 1,628 --------- 12,919 --------- HONG KONG -- 2.2% Agile Property Holdings* 184,000 89 ASM Pacific Technology (C) 404,500 2,282 Beijing Enterprises Holdings 68,000 115 Brilliance China Automotive Holdings (C) 2,649,000 393 China Mengniu Dairy 4,094,000 3,485 China Mobile Hong Kong 1,671,300 7,911 China Resources Enterprise 584,100 1,043 CNOOC 1,539,000 1,042 Cosco Pacific 1,004,000 1,839 Denway Motors 7,546,500 2,506 Giordano International (C) 1,928,000 1,082 Global Bio-Chem Technology Group (C) 2,224,000 975 Johnson Electric Holdings 2,489,500 2,360 Panva Gas Holdings (C)* 577,000 307 Parkson Retail Group* 26,500 48 Samson Holding* 1,207,000 553 Shanghai Industrial Holdings 1,095,600 2,282 Texwinca Holdings 137,000 99 Yue Yuen Industrial Holdings 596,500 1,665 --------- 30,076 --------- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS EQUITY FUND December 31, 2005 -------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) -------------------------------------------------------------------------------- HUNGARY -- 1.5% Gedeon Richter 32,842 $ 5,879 Magyar Telekom 585,009 2,610 Mol Magyar Olaj-es Gazipari 10,447 974 OTP Bank 218,524 7,114 OTP Bank GDR 50,527 3,315 --------- 19,892 --------- INDIA -- 7.8% Bharat Heavy Electricals 43,497 1,340 Bharat Petroleum 277,943 2,681 Bharti Televentures* 987,654 7,586 Dr. Reddy's Laboratories 30,607 665 Dr. Reddy's Laboratories ADR 124,500 2,689 GAIL India 181,232 1,070 GAIL India GDR (A) 31,000 1,098 Hindalco Industries 420,000 1,338 Hindalco Industries GDR (A) 1,024,000 3,185 Hindustan Petroleum 672,759 4,914 ICICI Bank 67,752 1,698 ICICI Bank ADR 88,000 2,534 Indian Overseas Bank 1,451,707 2,991 Industrial Development Bank of India 647,424 1,397 Infosys Technologies 200,295 13,336 ITC 1,288,237 4,064 Jet Airways India 79,811 2,030 Larsen & Toubro 44,679 1,831 Mahanagar Telephone Nigam 928,850 2,976 Mahanagar Telephone Nigam ADR 76,050 525 Mahindra & Mahindra 279,394 3,178 Maruti Udyog 238,830 3,377 Oil & Natural Gas 309,037 8,062 Reliance Industries 329,571 6,514 Reliance Industries GDR (A) 62,738 2,480 Satyam Computer Services 382,273 6,266 State Bank of India GDR (A) 71,200 3,596 Steel Authority of India 552,303 663 Tata Consultancy Services 79,367 3,002 Tata Iron & Steel 204,025 1,724 Tata Motors 378,400 5,490 --------- 104,300 --------- INDONESIA -- 2.4% Astra International 7,930,000 8,171 Bank Central Asia 3,841,500 1,321 Bank Mandiri Persero 4,663,900 774 Bank Rakyat Indonesia 4,852,500 1,484 Bumi Resources 56,643,000 4,364 Gudang Garam 1,325,000 1,561 Indofood Sukses Makmur 12,050,000 1,109 Indosat 4,276,000 2,427 Medco Energi Internasional 7,555,200 2,591 Telekomunikasi Indonesia 13,460,600 8,021 --------- 31,823 --------- ISRAEL -- 2.0% Bank Hapoalim 1,482,081 6,883 Bank Leumi Le-Israel 426,600 1,635 Bezeq Israeli Telecommunication* 1,618,094 2,076 Lipman Electronic Engineering* 34,600 805 Makhteshim-Agan Industries 796,921 4,598 Super-Sol 295,550 741 Teva Pharmaceutical Industries ADR 5,700 245 -------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) -------------------------------------------------------------------------------- Teva Pharmaceutical Industries ADR (C) 221,416 $ 9,523 --------- 26,506 --------- LUXEMBOURG -- 0.2% Tenaris ADR 26,000 2,977 --------- MALAYSIA -- 3.6% AMMB Holdings Berhad 1,339,300 840 Berjaya Sports Toto (F) 576,300 683 Commerce Asset Holdings 1,799,000 2,713 Gamuda 1,775,700 1,494 Genting 442,100 2,503 IOI 1,197,200 3,928 Kuala Lumpur Kepong 448,900 998 Malakoff 2,300,800 4,992 Malayan Banking 553,700 1,626 Malaysia International Shipping 1,469,600 3,869 Malaysia International Shipping (Foreign Market) 1,555,600 4,075 Maxis Communications 362,300 805 MK Land Holdings 533,800 72 Proton Holdings 129,700 225 Public Bank 75 -- Resorts World 1,819,900 5,393 Sime Darby 3,783,100 6,156 Telekom Malaysia 1,822,600 4,605 Tenaga Nasional 880,000 2,305 Titan Chemicals 1,964,900 743 --------- 48,025 --------- MEXICO -- 5.6% Alfa 624,300 3,463 Alsea 586,300 1,529 America Movil ADR, Ser L (C) 336,886 9,857 Cemex 225,232 1,335 Cemex ADR 85,939 5,099 Coca-Cola Femsa ADR (C) 176,500 4,767 Consorcio ARA 872,800 3,815 Controladora Comercial Mexicana 1,886,600 2,887 Corporacion GEO, Ser B* 100,900 356 Desc, Ser B* 508,513 636 Embotelladoras Arca 191,800 459 Empresas ICA Sociedad Controladora ADR (C)* 30,433 890 Fomento Economico Mexicano ADR 34,582 2,508 Grupo Aeroportuario del Sureste ADR 40,380 1,306 Grupo Continental 997,200 1,655 Grupo Financiero Banorte 3,163,364 6,548 Grupo Mexico, Ser B 199,900 466 Grupo Televisa ADR 111,030 8,938 Kimberly-Clark de Mexico, Ser A 838,631 2,996 Telefonos de Mexico ADR, Ser L 322,900 7,969 Urbi Desarrollos Urbanos* 670,400 4,632 Wal-Mart de Mexico, Ser V 399,109 2,214 --------- 74,325 --------- MOROCCO -- 0.2% Maroc Telecom 190,000 2,013 --------- PAKISTAN -- 0.0% Pakistan Telecommunication 507,500 555 --------- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS EQUITY FUND December 31, 2005 -------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) -------------------------------------------------------------------------------- PANAMA -- 0.1% Copa Holdings, Cl A* 45,100 $ 1,231 --------- PHILIPPINES -- 0.4% ABS-CBN Broadcasting PDR* 1,275,900 307 Bank of the Philippine Islands 1,275,089 1,307 Manila Electric* 1,230,700 503 Philippine Long Distance Telephone ADR (C) 39,300 1,318 SM Investments 246,490 1,114 SM Prime Holdings 3,482,000 517 --------- 5,066 --------- POLAND -- 0.3% Opoczno* 37,314 417 Powszechna Kasa Oszczednosci Bank Polski 252,500 2,248 Telekomunikacja Polska 171,456 1,232 --------- 3,897 --------- RUSSIA -- 6.3% Evraz Group GDR 98,800 1,788 LUKOIL ADR (C) 651,520 38,710 Mechel Steel Group OAO ADR 37,700 911 MMC Norilsk Nickel ADR (C) 59,479 5,651 Mobile Telesystems ADR (C) 326,144 11,415 Norilsk Nickel ADR 1,100 105 Novolipetsk Steel GDR* 226,108 3,233 OAO Gazprom ADR (C) 60,470 4,336 Sberbank GDR* 43,071 5,751 Surgutneftegaz ADR (C) 54,700 2,981 Uralsvyazinform ADR 92,200 669 Vimpel-Communications ADR* 211,800 9,368 --------- 84,918 --------- SINGAPORE -- 0.1% Goodpack 765,000 782 --------- SOUTH AFRICA -- 8.5% ABSA Group 444,125 7,072 Alexander Forbes 614,061 1,404 AngloGold Ashanti (C) 55,188 2,732 Aspen Pharmacare Holdings 144,805 763 Aveng (C) 548,392 1,555 Barloworld 410,655 7,156 Bidvest Group 158,981 2,319 Edgars Consolidated Stores 207,009 1,148 FirstRand (C) 3,534,123 10,281 Gold Fields ADR 238,200 4,199 Illovo Sugar 373,540 754 Impala Platinum Holdings 20,177 2,965 Imperial Holdings 354,177 7,851 JD Group 337,651 4,081 Kumba Resources 110,293 1,774 Liberty Group 29,185 347 Massmart Holdings 248,351 2,022 Mittal Steel South Africa (C) 216,628 2,092 MTN Group (C) 416,114 4,077 Nampak (C) 1,127,722 2,994 Naspers 173,472 3,064 Nedbank Group (C) 367,695 5,797 Network Healthcare Holdings 730,350 866 Sanlam (C) 4,364,424 10,453 Sappi 657,218 7,514 -------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) -------------------------------------------------------------------------------- Sasol 421,110 $ 15,038 Shoprite Holdings 245,760 714 Steinhoff International Holdings 442,379 1,308 Telkom 98,162 2,086 --------- 114,426 --------- SOUTH KOREA -- 17.6% Daegu Bank 198,480 2,968 Daelim Industrial 86,620 6,125 Daewoo Shipbuilding & Marine Engineering 405,220 10,925 Hankook Tire 454,370 6,342 Hyundai Department Store 8,560 717 Hyundai Development 58,600 2,634 Hyundai Mobis 24,970 2,264 Hyundai Motor 110,550 10,517 Industrial Bank of Korea 62,440 1,072 INI Steel 21,390 437 Kangwon Land 61,724 1,243 Kookmin Bank 439,460 33,121 Kookmin Bank ADR (C) 79,974 5,975 Korea Electric Power 123,200 4,605 Korea Telecom Freetel* 44,460 1,084 Korean Air Lines 28,560 901 Korean Reinsurance 240,680 2,504 KT ADR 191,300 4,122 KT&G 55,480 2,472 Kumho Tire 98,410 1,524 Kumho Tire GDR* 55,100 432 LG Chem 51,520 2,878 LG Electronics 99,610 8,694 LG Philips LCD* 124,030 5,193 LG Philips LCD ADR* 30,000 644 POSCO 7,980 1,588 POSCO ADR 77,850 3,854 Pusan Bank 182,960 2,372 S-Oil 22,970 1,604 Samsung Electro-Mechanics 45,490 1,708 Samsung Electronics 92,866 59,746 Samsung Fire & Marine Insurance 76,030 9,555 Samsung SDI 17,338 1,978 Shinhan Financial Group 104,700 4,211 Shinsegae 26,016 11,338 SK 105,440 5,417 SK Telecom 8,653 1,548 SK Telecom ADR 246,100 4,993 Ssangyong Motor* 533,910 4,236 STX Pan Ocean* 3,470,000 1,843 --------- 235,384 --------- TAIWAN -- 13.7% Accton Technology* 1,090,649 613 Acer 1,571,000 3,946 Advanced Semiconductor Engineering 9,485,910 8,694 Benq 1,758,300 1,700 Catcher Technology 556,354 4,489 Cathay Financial Holding 3,573,180 6,473 Chi Mei Optoelectronics 1,826,285 2,703 China Motor 1,764,130 1,791 China Steel 1,891,000 1,439 Chinatrust Financial Holding 12,632,129 10,000 Chunghwa Telecom 4,168,000 7,208 Chunghwa Telecom ADR (C) 128,800 2,364 Compal Electronics 8,767,754 7,902 Delta Electronics 492,000 1,008 Elan Microelectronics 776,704 339 Eva Airways 6,232,275 2,932 -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS EQUITY FUND December 31, 2005 -------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) -------------------------------------------------------------------------------- Far Eastern Textile 148,720 $ 100 First Financial Holding 5,297,350 3,790 Formosa Chemicals & Fibre 1,968,000 3,176 Foxconn Technology 365,200 1,818 Fubon Financial Holding 4,407,000 3,784 High Tech Computer 489,832 9,187 HON HAI Precision Industry 3,839,997 21,046 Lite-On Technology 510,000 695 Makalot Industrial 144,895 192 MediaTek 288,473 3,399 Merry Electronics 159,000 465 Nien Hsing Textile 1,327,000 905 Nien Made Enterprises 1,177,726 1,465 Novatek Microelectronics 334,637 1,966 Optimax Technology 1,084,533 1,853 Powerchip Semiconductor 1,623,000 1,070 Quanta Computer 3,803,101 5,338 SinoPac Financial Holdings 6,971,230 3,364 Sunplus Technology 1,351,568 1,712 Taishin Financial Holdings 574,886 301 Taiwan Mobile 2,229,632 1,948 Taiwan Semiconductor Manufacturing 12,840,230 24,435 Taiwan Semiconductor Manufacturing ADR (C) 931,039 9,227 Uni-President Enterprises 812,000 386 United Microelectronics 19,543,529 11,068 United Microelectronics ADR 1,394,900 4,352 Yageo* 6,713,440 2,862 ---------- 183,505 ---------- THAILAND -- 2.8% Advanced Info Service 3,221,900 8,487 Bangkok Bank (C) 1,478,300 4,146 Bangkok Land NVDR* 202,600,000 2,965 Charoen Pokphand Foods 7,783,700 1,158 CP Seven Eleven 2,014,500 290 Delta Electronics Thai 855,000 371 Kasikornbank NVDR (C) 1,335,300 2,443 Krung Thai Bank (C) 7,572,900 2,032 Land and Houses NVDR (C) 12,423,400 2,530 PTT 937,400 5,167 Siam Cement (C) 449,200 2,892 Siam Commercial Bank 2,151,000 2,728 Siam Makro 409,700 695 Thai Oil 630,800 977 ---------- 36,881 ---------- TURKEY -- 3.0% Akbank 725,796 5,907 Arcelik 160,280 1,115 GSD Holding 2,250,000 3,696 Haci Omer Sabanci Holding 719,826 4,074 Hurriyet Gazetecilik 1,031,498 4,045 Tupras Turkiye Petrol Rafine 94,385 1,732 Turkcell Iletisim Hizmet 525,868 3,304 Turkcell Iletisim Hizmet ADR 40,600 624 Turkiye Garanti Bankasi* 812,128 2,944 Turkiye Is Bankasi 1,458,530 12,627 ---------- 40,068 ---------- UNITED KINGDOM -- 0.5% Anglo American 95,020 3,228 BHP Billiton (C) 108,402 1,776 Old Mutual 805,563 2,278 ---------- 7,282 ---------- -------------------------------------------------------------------------------- MARKET VALUE DESCRIPTION SHARES ($ THOUSANDS) -------------------------------------------------------------------------------- UNITED STATES -- 0.0% Caspian Services* 79,500 $ 378 ---------- Total Common Stock (Cost $936,506) ($ Thousands) 1,257,460 ---------- PREFERRED STOCK -- 3.8% BRAZIL -- 2.9% Braskem, Cl A 347,400 2,826 Caemi Mineracao e Metalurgica 610,700 892 Centrais Eletricas Brasileiras, Cl B 82,862,700 1,405 Cia de Bebidas das Americas ADR 1,500 57 Cia de Tecidos do Norte de Minas - Coteminas 19,984,000 1,831 Cia Energetica de Minas Gerais 159,834,093 6,501 Cia Paranaense de Energia 262,434,100 2,021 Duratex 100,255 1,275 Investimentos Itau 1,612,877 5,110 Klabin 317,300 564 Petroleo Brasileiro 21,400 1,378 Tam* 278,100 5,287 Telecomunicacoes de Sao Paulo 96,076 1,973 Telemar Norte Leste 196,579 5,345 Telemig Celular Participacoes 805,165,310 1,565 Universo Online* 35,800 302 ---------- 38,332 ---------- SOUTH KOREA -- 0.9% Hyundai Motor 73,890 4,751 Hyundai Motor (Second Preferred) 103,470 7,022 ---------- 11,773 ---------- Total Preferred Stock (Cost $28,649) ($ Thousands) 50,105 ---------- COMMERCIAL PAPER (D)(E) -- 2.2% UNITED STATES -- 2.2% ASAP Funding 4.290%, 01/09/06 $ 3,000 2,997 Barton Capital 4.268%, 01/12/06 3,000 2,996 Bavaria TRR 4.352%, 01/03/06 1,500 1,500 Clipper Receivables 4.327%, 01/23/06 2,500 2,493 Harwood Street Funding 4.362%, 01/13/06 1,000 998 Harwood Street Funding II 4.359%, 01/17/06 1,500 1,497 Jupiter Securitization 4.337%, 01/23/06 2,500 2,493 Main Street Warehouse 4.326%, 01/06/06 3,000 2,998 Mica Funding LLC 4.295%, 01/03/06 3,000 2,999 Mitten RFC 4.423%, 01/13/06 2,500 2,496 Park Sienna LLC 4.424%, 01/04/06 2,500 2,499 4.357%, 01/05/06 1,000 999 Sheffield Receivables 4.305%, 01/13/06 3,000 2,995 ---------- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS EQUITY FUND December 31, 2005 -------------------------------------------------------------------------------- SHARES/FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- Total Commercial Paper (Cost $29,960) ($ Thousands) $ 29,960 ----------- CASH EQUIVALENTS (J) -- 0.9% UNITED STATES -- 0.9% Barclays Global Investors Funds, Prime Institutional Money Market Fund, 4.221% (D) 100,000 100 Brown Brothers Harriman Money Market Fund, 3.166% (D) 1,000,000 1,000 SEI Daily Income Trust, Prime Obligations Fund, Cl A, 4.200% (H) 9,376,449 9,376 The Reserve Funds, Primary Fund, Cl 8, 4.221% (D) 1,682,808 1,683 ----------- Total Cash Equivalents (Cost $12,159) ($ Thousands) 12,159 ----------- ASSET-BACKED SECURITIES -- 0.1% UNITED STATES -- 0.1% Park Place Securities NIM Trust, Ser 2004-MM1, Cl AM3 (D) 4.394%, 05/25/06 1,583 1,583 ----------- Total Asset-Backed Securities (Cost $1,583) ($ Thousands) 1,583 ----------- NUMBER OF WARRANTS -------- EQUITY LINKED WARRANTS-- 0.1% UNITED KINGDOM -- 0.1% ICICi Bank* (B) 79 1,019 ----------- Total Equity Linked Warrants (Cost $907) ($ Thousands) 1,019 ----------- NUMBER OF RIGHTS ------ RIGHTS -- 0.1% INDIA -- 0.1% Hindalco Industries (A)(I) 361 753 ----------- Total Rights (Cost $347) ($ Thousands) 753 DEBENTURE BOND -- 0.0% BRAZIL -- 0.0% Companhia Vale do Rio Doce* 0.000%, 09/30/49 8 -- ----------- Total Debenture Bond (Cost $0) ($ Thousands) -- ----------- REPURCHASE AGREEMENTS (D)(G) -- 3.8% Bank of America 4.270%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $15,007,117 (collateralized by a FNMA obligation, par value $16,138,822, 5.500%, 06/01/35; with a total market value of $15,300,000) 15,000 15,000 ----------- -------------------------------------------------------------------------------- SHARES/FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- Barclays Capital 4.240%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $6,002,827 (collateralized by a FNMA obligation, par value $5,995,000, 5.125%, 10/15/08; with a total market of value $6,124,594) 6,000 $ 6,000 Goldman Sachs 4.350%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $16,007,733 (collateralized by various FNMA obligations, ranging in par value $7,268,993-$9,754,083, 4.500%-7.000%, 09/01/24-10/01/355; with a total market value of $16,320,000) 16,000 16,000 Lehman Brothers 4.250%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $15,007,083 (collateralized by various FNMA obligations, ranging in par value $1,995,000-$7,826,890, 4.500%-6.500%, 12/01/27-12/01/35; with a total market value of $15,303,163) 15,000 15,000 ----------- Total Repurchase Agreements (Cost $52,000) ($ Thousands) 52,000 ----------- Total Investments -- 105.0% (Cost $1,062,111) ($ Thousands)+ $ 1,405,039 =========== Percentages are based on Net Assets of $1,338,568 ($ Thousands). * Non-Income Producing Security (1) In local currency 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." As of December 31, 2005, the total value of these securities was $12,535 ($ Thousands), representing 0.94% of the Fund's net assets. (B) Security considered illiquid. The total value of the security as of December 31, 2005 was $1,019 ($ Thousands) and represented 0.08% of the Fund's net assets. (C) This security or a partial position of this security is on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 was $83,410 ($ Thousands). (D) This security was purchased with cash collateral held from securities lending. The total value of such securities as of December 31, 2005 was $86,326 ($ Thousands). (E) The rate reported is the effective yield at time of purchase. (F) Security is fair valued at $683 ($ Thousands) and represents 0.01% of net assets. (G) Tri-Party Repurchase Agreements. -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS EQUITY FUND December 31, 2005 -------------------------------------------------------------------------------- (H) Pursuant to an exemptive order issued by the Securities and Exchange Commission, the Funds may invest in the SEI money market funds, provided that investments in the money market funds do not exceed 25% of the investing Fund's total assets. (I) This security was issued for possible settlement of pending litigation and does not have an expiration date. (J) Rates shown are the 7-day effective yields as of December 31, 2005. ADR -- American Depositary Receipt Cl -- Class FNMA -- Federal National Mortgage Association GDR -- Global Depositary Receipt LLC -- Limited Liability Company NVDR -- Non-Voting Depositary Receipt PDR -- Philippine Depositary Receipt Ser -- Series Amounts designated as "--" are either $0 or have been rounded to $0. + At December 31, 2005, the tax basis cost of the Fund's investments was $1,062,111 ($ Thousands), and the unrealized appreciation and depreciation were $362,790 ($ Thousands) and $(19,862) ($ 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 and annual financial statements. -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL FIXED INCOME FUND December 31, 2005 -------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- GLOBAL BONDS -- 76.7% AUSTRIA -- 0.6% Republic of Austria 3.800%, 10/20/13 4,220 $ 5,174 -------- BELGIUM -- 0.6% Kingdom of Belgium, Ser 31 5.500%, 03/28/28 3,300 5,022 -------- CANADA -- 1.4% Government of Canada 6.000%, 06/01/11 3,700 3,484 Government of Canada EUR 4.875%, 07/07/08 1,000 1,233 Government of Canada, Ser WL43 5.750%, 06/01/29 4,800 5,132 Province of Ontario JPY 1.875%, 01/25/10 170,000 1,511 -------- 11,360 -------- CAYMAN ISLANDS -- 0.4% BES Finance EUR 6.250%, 05/17/11 1,000 1,328 Mizuho Financial Group EUR 4.750%, 04/15/14 1,380 1,692 -------- 3,020 -------- DENMARK -- 3.4% Kingdom of Denmark 6.000%, 11/15/11 40,000 7,294 Kingdom of Denmark (A) 5.000%, 11/15/13 118,000 20,980 -------- 28,274 -------- FINLAND -- 3.0% Government of Finland (A) 4.250%, 07/04/15 19,680 25,101 -------- FRANCE -- 4.7% Caisse Nationale des Autoroutes 4.500%, 03/28/18 1,500 1,936 Caisse Refinancement de l'Habitat 4.250%, 10/25/14 600 751 Carrefour 4.375%, 06/15/11 1,000 1,232 Casino Guichard Perrachon 6.000%, 03/06/08 1,000 1,239 France Telecom MTN, Ser E 8.125%, 01/28/33 300 526 Government of France 5.750%, 10/25/32 9,650 15,569 4.000%, 04/25/09 3,000 3,653 4.000%, 10/25/13 9,000 11,178 Veolia Environnement 5.875%, 06/27/08 2,740 3,439 -------- 39,523 -------- GERMANY -- 8.2% Allgemeine Hypothekenbank Rheinboden 5.750%, 09/15/08 6,100 7,654 -------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- Commerzbank 5.500%, 10/25/11 1,000 $ 1,309 Deutsche Bank 4.250%, 07/28/09 1,000 1,225 Deutsche Bundesrepublik 5.500%, 01/04/31 4,100 6,353 5.250%, 01/04/08 5,000 6,163 5.000%, 01/04/12 4,000 5,234 4.750%, 07/04/34 4,000 5,684 4.500%, 01/15/18 2,400 3,087 3.750%, 01/04/15 2,000 2,444 3.250%, 07/04/15 (A) 10,300 12,103 Eurohypo 4.500%, 01/21/13 3,700 4,690 Hypothekenbank in Essen 2.750%, 07/25/07 6,100 7,181 Kreditanstalt fuer Wiederaufbau 5.500%, 01/22/18 500 705 Landwirtschaftliche Rentenbank JPY 1.375%, 04/25/13 70,000 599 Rheinische Hypothekenbank 5.750%, 07/05/10 3,700 4,829 -------- 69,260 -------- GUERNSEY -- 0.2% Credit Suisse Group Finance 6.375%, 06/07/13 1,500 2,099 -------- ICELAND -- 0.8% Housing Finance Fund 3.750%, 06/15/44 458,486 6,927 -------- ITALY -- 6.3% Buoni Poliennali Del Tesoro 5.750%, 02/01/33 10,170 15,781 5.250%, 11/01/29 6,000 8,617 5.000%, 05/01/08 7,200 8,881 4.500%, 05/01/09 2,000 2,470 4.250%, 08/01/13 9,200 11,534 Republic of Italy JPY 3.800%, 03/27/08 34,000 310 Sanpaolo IMI MTN, Ser E 6.375%, 04/06/10 4,300 5,677 -------- 53,270 -------- JAPAN -- 14.7% Abbott Japan 1.050%, 11/06/08 120,000 1,028 Government of Japan 10 Year Bond, Ser 242 1.200%, 09/20/12 3,667,000 31,214 Government of Japan 20 Year Bond, Ser 65 1.900%, 12/20/23 1,300,000 11,040 Government of Japan 20 Year Bond, Ser 72 2.100%, 09/20/24 1,318,000 11,414 Government of Japan 20 Year Bond, Ser 73 2.000%, 12/20/24 170,000 1,450 -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL FIXED INCOME FUND December 31, 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 $ 12,767 Government of Japan 5 Year Bond, Ser 25 0.300%, 03/20/08 3,000,000 25,406 Government of Japan 5 Year Bond, Ser 31 0.600%, 09/20/08 500,000 4,255 Government of Japan 5 Year Bond, Ser 39 0.800%, 09/20/09 1,000,000 8,520 Government of Japan CPI Linked Bond 0.800%, 09/10/15 1,297,000 11,058 Japan Finance for Municipal Enterprises 1.350%, 11/26/13 500,000 4,264 Sumitomo Mitsui Banking EUR 4.375%, 10/27/14 830 1,008 -------- 123,424 -------- LUXEMBOURG -- 0.3% Telecom Italia Finance MTN, Ser E 6.375%, 04/20/06 2,040 2,429 -------- MEXICO -- 1.4% Mexican Bonos, Ser M 9.000%, 12/22/11 15,000 1,470 Mexican Bonos, Ser M10 9.500%, 12/18/14 52,800 5,341 Mexican Bonos, Ser M20 10.000%, 12/05/24 43,170 4,587 -------- 11,398 -------- NETHERLANDS -- 6.5% ABN Amro Bank MTN, Ser E 5.375%, 09/08/09 1,000 1,270 Allianz Finance II 5.625%, 11/29/12 1,000 1,337 Arena, Ser 2003-1, Cl A2 4.300%, 05/19/55 9,000 11,091 BMW Finance MTN 5.000%, 08/06/18 700 909 Bank Nederlandse Gemeenten MTN, Ser E 5.625%, 10/25/10 1,000 1,310 Deutsche Telekom International Finance 8.125%, 05/29/12 2,000 2,940 Dresdner Finance 4.000%, 01/19/07 1,000 1,193 E.ON International Finance MTN, Ser E 5.750%, 05/29/09 6,515 8,306 EADS Finance MTN, Ser E 4.625%, 03/03/10 2,130 2,634 Generali Finance 4.750%, 05/12/14 500 647 Government of Netherlands 7.500%, 01/15/23 1,670 2,971 3.750%, 07/15/09 6,000 7,256 ING Bank MTN, Ser E 5.500%, 01/04/12 1,000 1,310 -------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- RWE Finance MTN, Ser E GBP 6.250%, 06/03/30 200 $ 410 Rabobank Nederland MTN, Ser E 4.250%, 04/25/13 1,000 1,248 Saecure, Ser 5, Cl A 2.238%, 05/25/42 953 1,123 Saecure, Ser A2 5.710%, 11/25/07 6,000 7,423 Saint-Gobain Nederland 5.000%, 04/16/10 1,000 1,247 -------- 54,625 -------- NEW ZEALAND -- 3.2% Government of New Zealand, Ser 709 7.000%, 07/15/09 37,650 26,489 -------- POLAND -- 0.1% Republic of Poland EUR 4.200%, 04/15/20 1,000 1,235 -------- SPAIN -- 1.7% Government of Spain 6.150%, 01/31/13 2,800 3,910 6.000%, 01/31/08 4,300 5,374 6.000%, 01/31/29 1,000 1,632 5.150%, 07/30/09 2,800 3,542 -------- 14,458 -------- SWEDEN -- 1.5% Kingdom of Sweden, Ser 1043 5.000%, 01/28/09 95,060 12,650 -------- UNITED KINGDOM -- 12.1% Abbey National Treasury Services 5.375%, 12/30/09 700 1,238 Aviva EUR 5.700%, 09/29/49 1,900 2,512 Bank of Scotland MTN, Ser E 5.500%, 10/29/12 2,390 3,155 Bank of Scotland MTN, Ser E EUR 6.125%, 02/05/13 2,630 3,615 Barclays Bank MTN, Ser E 5.750%, 09/14/26 500 972 British Telecommunications 5.750%, 12/07/28 200 352 Chester Asset Receivables EUR 6.125%, 10/15/10 7,260 9,608 GUS 6.375%, 07/16/09 700 1,251 Halifax MTN, Ser E 6.375%, 04/03/08 500 891 Hilton Group Finance MTN, Ser E EUR 6.500%, 07/17/09 500 628 Imperial Tobacco Finance MTN, Ser E EUR 6.250%, 06/06/07 1,510 1,857 Lloyds TSB Bank MTN, Ser E 6.625%, 03/30/15 400 784 MBNA Europe Funding MTN, Ser E EUR 4.500%, 01/23/09 1,000 1,222 NGG Finance EUR 6.125%, 08/23/11 1,000 1,336 -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL FIXED INCOME FUND December 31, 2005 -------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- National Grid 6.500%, 07/27/28 500 $ 1,052 National Westminster Bank 6.500%, 09/07/21 400 817 Permanent Financing EUR 5.100%, 06/11/07 9,200 11,164 Telereal Securitisation 5.389%, 12/10/31 979 1,830 United Kingdom Treasury 8.000%, 12/07/15 9,400 21,289 5.750%, 12/07/09 1,500 2,719 5.000%, 09/07/14 2,000 3,654 4.750%, 06/07/10 5,890 10,348 4.750%, 12/07/38 3,280 6,447 4.250%, 06/07/32 5,090 9,098 United Utilities Water MTN, Ser E EUR 6.625%, 11/08/07 2,180 2,734 Vodafone Group MTN, Ser E 5.900%, 11/26/32 500 959 -------- 101,532 -------- UNITED STATES -- 4.7% ASIF III Jersey JPY 0.950%, 07/15/09 100,000 850 American Express Credit MTN, Ser E GBP 5.625%, 08/18/09 800 1,415 Chase Credit Card Master Trust, Ser 1998-4 EUR 5.000%, 08/15/08 5,200 6,411 Citibank Credit Card Issurance Trust EUR 5.375%, 04/10/13 6,800 8,790 Citigroup JPY 0.800%, 10/30/08 200,000 1,706 DaimlerChrysler MTN, Ser E EUR 4.125%, 01/23/09 1,000 1,201 Dow Chemical MTN, Ser E EUR 5.625%, 10/17/07 1,000 1,231 General Electric Capital MTN, Ser E JPY 0.750%, 02/05/09 70,000 596 Genworth Financial JPY 1.600%, 06/20/11 160,000 1,366 Goldman Sachs Group EUR 5.125%, 04/24/13 1,000 1,289 HSBC Finance GBP 6.125%, 01/22/10 600 1,080 KFW International Finance JPY 1.750%, 03/23/10 250,000 2,211 MBNA Credit Card Master Trust, Ser 2002-A2, Cl A EUR 5.600%, 07/17/14 6,650 8,777 Pfizer JPY 0.800%, 03/18/08 23,000 196 Toyota Motor Credit JPY 0.750%, 06/09/08 180,000 1,538 United Parcel Service MTN, Ser E GBP 5.500%, 02/12/31 400 783 -------- 39,440 -------- SUPRA-NATIONAL -- 0.9% European Investment Bank EUR -------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- 5.375%, 10/15/12 1,000 $ 1,330 3.250%, 10/15/08 1,000 1,191 3.125%, 10/15/15 1,000 1,152 European Investment Bank GBP 6.000%, 12/07/28 300 645 4.500%, 12/07/07 200 345 Inter-American Development Bank GBP 5.750%, 12/07/09 300 539 International Bank for Reconstruction & Development GBP 5.750%, 06/07/32 400 854 International Bank for Reconstruction & Development JPY 2.000%, 02/18/08 115,000 1,007 International Finance GBP 5.375%, 12/07/28 300 599 -------- 7,662 -------- Total Global Bonds (Cost $660,035) ($ Thousands) 644,372 -------- COMMERCIAL PAPER (C) -- 7.3% UNITED STATES -- 7.3% Abbey National Treasury Services 4.286%, 01/03/06 5,000 4,998 Adirondack (B) 4.352%, 01/03/06 548 547 Barclays Bank 4.296%, 01/13/06 5,300 5,292 CBA Finance 4.300%, 01/10/06 5,000 4,994 4.284%, 01/09/06 2,550 2,548 Deutsche Ausgleichsbank 4.393%, 01/03/06 5,100 5,099 HBOS Treasury Services 4.205%, 02/03/06 11,000 10,958 Mica Funding LLC (B) 4.302%, 01/03/06 521 521 Rhineland Funding (B) 4.295%, 01/30/06 2,396 2,388 4.276%, 02/01/06 1,184 1,179 Svenska Handelsbank 4.323%, 02/27/06 8,000 7,947 4.041%, 01/11/20 5,000 4,950 UBS Finance 4.135%, 01/03/06 10,000 9,997 Witherspoon CDO (B) 4.396%, 03/15/06 411 411 -------- Total Commercial Paper (Cost $61,827) ($ Thousands) 61,829 -------- CORPORATE OBLIGATIONS (D) -- 5.8% UNITED STATES -- 5.8% Allstate Life Global Funding II MTN (B) (E) 4.390%, 01/16/07 630 630 American General Finance (B) (E) 4.390%, 01/16/07 753 753 4.369%, 01/16/07 1,232 1,232 -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL FIXED INCOME FUND December 31, 2005 -------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- American General Finance MTN, Ser F (B) 3.927%, 07/14/06 137 $ 138 Bear Stearns EXL (B) 4.379%, 01/16/07 2,437 2,437 CCN Bluegrass (B) 4.440%, 08/18/06 890 890 CIT Group MTN (B) 4.342%, 05/12/06 3,423 3,423 4.182%, 04/19/06 342 343 Caterpillar Financial Services MTN, Ser F (B) 4.235%, 07/10/06 685 685 Countrywide Financial Services MTN, Ser A (B) 4.351%, 11/03/06 685 685 4.341%, 11/03/06 753 753 Countrywide Financial Services MTN, Ser A (D) (B) 4.550%, 09/13/06 2,533 2,533 Countrywide Home Loans MTN, Ser M (B) 4.323%, 01/31/06 301 301 Dekabank (B) (E) 4.183%, 08/19/06 2,533 2,533 Irish Life & Permanent MTN, Ser X (B) (E) 4.405%, 01/22/07 548 548 4.399%, 01/22/07 1,273 1,273 Islandsbanki (B) (E) 4.420%, 01/22/07 1,164 1,164 Jackson National Life Funding (B) (E) 4.291%, 01/02/07 3,012 3,012 Kaupthing Bank MTN (B) 4.399%, 01/19/07 3,423 3,423 Landsbanki Islands (B) (E) 4.450%, 01/16/07 2,602 2,602 Liberty Lighthouse US Capital MTN (B) (E) 4.387%, 05/10/06 1,369 1,369 Morgan Stanley EXL (B) 4.341%, 01/04/07 479 479 Morgan Stanley EXL, Ser S (B) 4.306%, 02/05/07 685 685 Natexis Banques (B) (E) 4.367%, 01/16/07 1,335 1,335 Nationwide Building Society (B) (E) 4.547%, 09/28/06 685 685 4.331%, 01/05/07 1,369 1,369 Nordbank (B) (E) 4.385%, 01/23/07 2,328 2,327 Northern Rock (B) (E) 4.321%, 10/03/06 1,410 1,410 Pacific Life Global Funding (B) (E) 4.382%, 01/15/07 1,027 1,027 Premium Asset Trust, Ser 2004-01 (B) (E) 4.376%, 02/06/06 411 411 4.336%, 02/06/06 274 274 4.332%, 02/06/06 739 740 Premium Asset Trust, Ser 2004-06 (B) (E) 4.422%, 06/30/06 1,301 1,301 Premium Asset Trust, Ser 2004-10 (B) (E) 4.379%, 01/16/07 1,917 1,917 -------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- SLM EXL, Ser S (B) (E) 4.369%, 01/16/07 1,506 $ 1,506 Sigma Finance MTN (B) (E) 4.680%, 11/09/06 739 739 Skandinav Enskilda Bank (B) (E) 4.367%, 01/18/07 1,506 1,506 -------- Total Corporate Obligations (Cost $48,438) ($ Thousands) 48,438 -------- U.S. TREASURY OBLIGATIONS -- 4.4% UNITED STATES -- 4.4% U.S. Treasury Bonds 7.625%, 02/15/25 2,100 2,894 U.S. Treasury Inflationary Index Notes 3.375%, 04/15/32 8 10 2.375%, 01/15/25 3,144 3,304 U.S. Treasury Notes (A) 3.875%, 05/15/10 16,240 15,932 U.S.Treasury Bills (2) (C) 3.837%, 01/26/06 4,550 4,538 U.S.Treasury Bills (A) (C) 3.880%, 02/02/06 10,000 9,968 -------- Total U.S. Treasury Obligations (Cost $36,546) ($ Thousands) 36,646 -------- U.S. GOVERNMENT AGENCY OBLIGATIONS -- 1.4% UNITED STATES -- 1.4% FHLMC 5.125%, 01/15/12 EUR 3,000 3,901 4.750%, 01/15/13 EUR 1,000 1,284 FNMA 1.750%, 03/26/08 JPY 240,000 2,097 SLMA 3.800%, 06/17/10 EUR 3,500 4,216 -------- Total U.S. Government Agency Obligations (Cost $11,937) ($ Thousands) 11,498 -------- ASSET-BACKED SECURITIES (B)(D)(E) -- 1.3% UNITED STATES -- 1.3% Blue Heron Funding, Ser 9A, Cl A1 4.409%, 02/22/06 1,369 1,369 CCN Independence 4.439%, 07/17/06 479 479 Cheyne High Grade, Ser 2004-1A, Cl AM1 4.330%, 11/10/06 685 685 Commodore, Ser 2003-2A, Cl A1MM 4.560%, 12/12/38 630 630 Duke Funding, Ser 2004-6B, Cl A1S1 4.185%, 10/10/06 1,027 1,027 Harwood Street Funding II, Ser 2005-A1, Cl NOTE 4.429%, 06/25/06 1,369 1,369 Orchard Structured Finance CDO, Ser 2003-1A, Cl A1MM 4.518%, 05/18/06 1,123 1,123 -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL FIXED INCOME FUND December 31, 2005 -------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- Park Place Securities NIM Trust, Ser 2004-MM1, Cl AM4 4.419%, 05/25/06 1,221 $ 1,221 RMAC, Ser 2004-NS3A, Cl A1 4.360%, 09/12/06 334 334 Saturn Ventures II 4.391%, 02/07/06 1,369 1,369 TIAA Real Estate, Ser 2003-1A, Cl A1 4.410%, 09/28/06 884 884 Whitehawk CDO Funding, Ser 2004-1A, Cl AMMD 4.511%, 06/15/06 342 342 Whitehawk CDO Funding, Ser 2004-1A, Cl AMME 4.511%, 09/15/06 205 205 -------- Total Asset-Backed Securities (Cost $11,037) ($ Thousands) 11,037 -------- MASTER NOTES (B)(D)(G) -- 0.6% UNITED STATES -- 0.6% Bank of America 4.330%, 01/03/06 3,423 3,423 Bear Stearns 4.370%, 01/03/06 1,643 1,643 -------- Total Master Notes (Cost $5,066) ($ Thousands) 5,066 -------- TIME DEPOSITS -- 0.1% UNITED STATES -- 0.1% Lummis (B) 4.000%, 01/03/06 685 685 -------- Total Time Deposits (Cost $685) ($ Thousands) 685 -------- REPURCHASE AGREEMENTS(B)(F)-- 1.7% Barclays Capital 4.250%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $1,981,520 (collateralized by various U.S. Government Obligations, ranging in par value $437,545-$923,836, 4.300%-4.500%, 05/11/07-09/26/08; with total market value $2,020,249) 1,981 1,981 Deutsche Bank 4.250%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $4,035,960 (collateralized by various U.S. Government Obligations, ranging in par value $393,825-$3,720,263, 3.875%-4.500%, 02/15/10-07/06/10; with total market value $4,114,746) 4,034 4,034 -------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) -------------------------------------------------------------------------------- Lehman Brothers 4.240%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $8,507,073 (collateralized by various U.S. Government Obligations, ranging in par value $82-$655,257, 0.000%-6.120%, 05/15/06-03/23/28; with total market value $8,673,132) 8,503 $ 8,503 -------- Total Repurchase Agreements (Cost $14,518) ($ Thousands) 14,518 -------- Total Investments -- 99.3% (Cost $850,089) ($ Thousands)+ $834,089 ======== Percentages are based on Net Assets of $839,612 ($ 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. (A) This security or a partial position of this security is on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 was $81,098 ($ Thousands). (B) This security was purchased with cash collateral held from securities lending. The total value of such securities as of December 31, 2005 was $84,790 ($ Thousands). (C) The rate reported is the effective yield at time of purchase. (D) Variable Rate Security -- The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2005. (E) This security, which was purchased with cash collateral, was sold within the terms of private placement memorandum, exempt 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". (F) Tri-Party Repurchase Agreements. (G) The date shown is the earlier of the reset date or the demand date. CDO -- Collateralized Debt Obligation Cl -- Class CPI -- Consumer Price Index EUR -- Euro EXL -- Extendable Maturity FHLMC -- Federal Home Loan Mortgage Corporation FNMA -- Federal National Mortgage Association GBP -- British Pound Sterling JPY -- Japanese Yen LLC -- Limited Liability Company MTN -- Medium term note Ser -- Series SLMA -- Student Loan Marketing Association -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL FIXED INCOME FUND December 31, 2005 + At December 31, 2005, the tax basis cost of the Fund's investments was $850,090 ($ Thousands), and the unrealized appreciation and depreciation were $20,392 ($ Thousands) and $(36,393) ($ Thousands), respectively. -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL FIXED INCOME FUND December 31, 2005 Forward Foreign Currency Contracts -- The following forward foreign currency contracts were outstanding at December 31, 2005 --------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------- UNREALIZED CURRENCY TO CURRENCY TO APPRECIATION/ SETTLEMENT DELIVER RECEIVE CONTRACT VALUE (DEPRECIATION) DATE (THOUSANDS) (THOUSANDS) ($ THOUSANDS) ($ THOUSANDS) ------------------------------------------------------------------------------------------------- 02/22/06 - 03/15/06 AUD 33,787 USD 24,906 $ 24,727 $ 179 02/22/06 - 03/15/06 CAD 44,931 USD 38,484 38,547 (63) 03/15/06 CHF 28,670 EUR 18,475 21,876 162 02/22/06 CHF 11,989 USD 9,259 9,144 115 03/15/06 CLP 35,000 USD 68 68 -- 03/15/06 CZK 15,200 USD 62 1 621 -- 02/22/06 - 03/15/06 DKK 159,871 USD 25,667 25,364 303 02/22/06 EUR 1,840 CAD 2,524 2,165 (11) 03/15/06 EUR 18,640 CHF 28,670 21,911 (160) 02/22/06 EUR 11,713 GBP 8,004 13,737 (115) 02/22/06 EUR 1,800 ISK 132,551 2,081 (12) 02/22/06 EUR 14,020 JPY 1,949,454 16,622 (25) 03/15/06 EUR 5,775 SEK 54,800 6,924 91 02/22/06 - 03/15/06 EUR 464,212 USD 549,737 549,292 445 02/22/06 GBP 3,050 CHF 6,867 5,237 4 02/22/06 GBP 3,962 EUR 5,760 6,812 14 02/22/06 - 03/15/06 GBP 88,963 USD 153,969 152,683 1,286 02/22/06 - 03/14/06 HUF 391,572 USD 1,823 1,826 (3) 02/22/06 ISK 190,243 EUR 2,540 3,004 (45) 02/22/06 ISK 481,768 USD 7,841 7,562 279 02/22/06 JPY 465,789 EUR 3,340 3,950 (61) 02/22/06 - 03/15/06 JPY 45,667,501 USD 390,961 389,721 1,240 02/22/06 - 03/15/06 KRW 16,760,560 USD 16,546 16,612 (66) 02/22/06 - 03/15/06 MXP 116,258 USD 10,658 10,870 (212) 03/15/06 NOK 5,960 USD 884 884 -- 02/22/06 NZD 3,780 CAD 2,990 2,564 2 02/22/06 - 03/15/06 NZD 49,741 USD 34,508 33,706 802 02/22/06 - 03/15/06 PLZ 13,576 USD 4,158 4,169 (11) 02/22/06 - 03/15/06 SEK 92,414 EUR 9,759 11,546 (175) 02/22/06 - 03/15/06 SEK 132,224 USD 16,494 16,699 (205) 03/15/06 SGD 1,860 USD 1,119 1,121 (2) 03/15/06 SIT 10,320 USD 51 51 -- 03/15/06 SKK 6,550 USD 205 205 -- 03/15/06 THB 33,000 USD 803 805 (2)
-------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL FIXED INCOME FUND December 31, 2005
--------------------------------------------------------------------------------------------------- UNREALIZED CURRENCY TO CURRENCY TO CONTRACT APPRECIATION/ SETTLEMENT DELIVER RECEIVE VALUE (DEPRECIATION) DATE (THOUSANDS) (THOUSANDS) ($ THOUSANDS) ($ THOUSANDS) --------------------------------------------------------------------------------------------------- 02/22/06 - 03/15/06 USD 29,021 AUD 39,605 28,986 (35) 02/22/06 - 03/15/06 USD 52,463 CAD 61,450 52,704 241 02/22/06 USD 4,850 CHF 6,160 4,699 (151) 03/15/06 USD 66 CLP 35,000 68 2 03/15/06 USD 617 CZK 15,200 620 3 02/22/06 - 03/15/06 USD 1,351 DKK 8,510 1,350 (1) 02/22/06 USD 213,926 EUR 162,266 211,898 (2,028) 02/22/06 - 03/15/06 USD 75,609 GBP 43,368 74,431 (1,178) 02/22/06 - 03/14/06 USD 1,720 HUF 365,586 1,705 (15) 02/22/06 USD 6,710 ISK 418,322 6,566 (144) 02/22/06 - 03/15/06 USD 249,821 JPY 29,199,485 249,187 (634) 02/22/06 - 03/15/06 USD 16,761 KRW 17,533,344 17,380 619 02/22/06 - 03/15/06 USD 4,653 MXP 50,507 4,721 70 02/22/06 - 03/15/06 USD 1,854 NOK 12,160 1,803 (51) 03/15/06 USD 7,305 NZD 10,800 7,310 5 02/22/06 - 03/15/06 USD 4,137 PLZ 13,643 4,190 53 02/22/06 - 03/15/06 USD 8,553 SEK 67,694 8,540 (13) 02/22/06 - 03/15/06 USD 2,241 SGD 3,787 2,283 42 03/15/06 USD 51 SIT 10,320 51 -- 03/15/06 USD 204 SKK 6,550 205 1 03/15/06 USD 799 THB 33,000 805 6 02/22/06 - 03/15/06 USD 4,655 ZAR 30,468 4,788 133 03/15/06 ZAR 15,500 USD 2,431 2,434 (3) ---------- ------- $2,089,832 $ 676 ========== =======
AUD -- Australian Dollar HUF -- Hungarian Forint SEK -- Swedish Krona CAD -- Canadian Dollar ISK -- Iceland Koruna SGD -- Singapore Dollar CHF -- Swiss Franc JPY -- Japanese Yen SIT -- Slovania Tolar CLP -- Chilean Peso KRW -- South Korean Won SKK -- Slovokia Koruna CZK -- Czech Koruna MXP -- Mexican Peso THB -- Thai Baht DKK -- Danish Krone NOK -- Norwegian Krone USD -- U.S. Dollar EUR -- Euro NZD -- New Zealand Dollar ZAR -- South African Rand GBP -- British Pound Sterling PLZ -- Polish Zloty
Amounts designated as "--" are either $0 or have been rounded to $0. -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) INTERNATIONAL FIXED INCOME FUND December 31, 2005 Futures -- A summary of the open future contracts held by the Fund at December 31, 2005, is as follows: --------------------------------------------------------------------------------
UNREALIZED NUMBER OF CONTRACT APPRECIATION/ CONTRACTS VALUE (DEPRECIATION) TYPE OF CONTRACT (LONG/(SHORT)) ($ THOUSANDS) EXPIRATION ($ THOUSANDS) ----------------------------------------------------------------------------------------------------- Australian 10 Year Bond 17 $ 9,248 March 2006 $ 1 Australian 3 Year Bond 26 4,993 March 2006 12 Canadian 10 Year Bond 28 2,742 March 2006 21 Euro-Schatz (38) (4,719) March 2006 -- Euro-Bobl (410) (54,605) March 2006 23 Euro-Bund 93 13,366 March 2006 75 10 Year U.K. Gilt 252 49,513 March 2006 411 Japan 10 Year Bond 190 221,100 March 2006 473 U.S. 2 Year Treasury Note 16 3,283 March 2006 (4) U.S. 10 Year Treasury Note 10 1,094 March 2006 2 U.S. Long Treasury Bond (92) (10,505) March 2006 (238) ----- $ 776 =====
Amounts designated as "--" are either $0 or have been rounded to $0. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. -------------------------------------------------------------------------------- SEI Institutional International Trust SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS DEBT FUND December 31, 2005
------------------------------------------------------------------------------------ FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) ------------------------------------------------------------------------------------ GLOBAL BONDS -- 89.3% ARGENTINA -- 3.8% Empressa Distribuidora de Electricidad de Mendoza MTN, Ser E (I) (L) 0.000%, 01/10/03 5,000 $ 1,750 Republic of Argentina 12.000%, 09/19/16 (B) EUR 1,000 171 11.921%, 12/15/35 (F) ARS 47,835 735 10.855%, 12/15/35 (F) 3,135 163 10.500%, 11/14/49 (B) EUR 1,000 168 9.000%, 06/20/49 EUR 2,650 828 8.280%, 12/31/33 1,951 1,624 8.125%, 04/21/08 EUR 2,800 941 7.820%, 12/31/33 EUR 659 773 7.625%, 03/31/05 1,120 291 5.830%, 12/31/33 16,867 6,438 4.005%, 08/03/12 (B) (F) 12,541 9,826 1.330%, 12/31/38 ARS 28,050 9,257 0.000%, 08/15/06 (B) EUR 12,000 481 0.000%, 09/27/06 (B) EUR 12,000 481 Republic of Argentina MTN, Ser E 10.000%, 01/03/07 (B) EUR 3,000,000 552 9.000%, 05/24/49 EUR 1,400 456 8.750%, 02/04/49 1,375 430 7.625%, 08/11/07 (B) ITL 2,255,000 364 --------- 35,729 --------- BRAZIL -- 16.2% Federal Republic of Brazil 12.500%, 01/05/16 3,300 1,402 11.000%, 08/17/40 31,447 40,535 10.500%, 07/14/14 (C) 1,850 2,267 10.125%, 05/15/27 5,105 6,420 8.875%, 04/15/24 3,700 4,126 8.000%, 01/15/18 (C) 57,656 62,211 7.875%, 03/07/15 5,315 5,660 4.250%, 04/15/09 (F) 4,146 4,120 Federal Republic of Brazil, Ser 15YR (F) 4.313%, 04/15/09 669 665 Federal Republic of Brazil, Ser 18YR (C) (F) 5.250%, 04/15/12 23,068 22,779 --------- 150,185 --------- BULGARIA -- 0.7% Republic of Bulgaria Registered 8.250%, 01/15/15 5,675 6,838 --------- CHILE -- 0.9% Codelco 5.500%, 10/15/13 1,875 1,912 Republic of Chile 5.500%, 01/15/13 2,400 2,452 Republic of Chile (C) 7.125%, 01/11/12 3,575 3,951 --------- 8,315 --------- CHINA -- 0.3% People's Republic of China 4.750%, 10/29/13 2,575 2,523 --------- ------------------------------------------------------------------------------------ FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) ------------------------------------------------------------------------------------ COLOMBIA -- 5.2% Republic of Colombia 11.750%, 02/25/20 (C) 13,245 $ 18,311 10.750%, 01/15/13 (C) 3,250 4,030 10.375%, 01/28/33 (C) 7,730 10,184 10.000%, 01/23/12 (C) 2,050 2,440 8.250%, 12/22/14 6,360 7,060 8.125%, 05/21/24 5,465 5,902 --------- 47,927 --------- ECUADOR -- 0.7% Republic of Ecuador Registered 9.000%, 08/15/30 6,620 6,072 --------- EL SALVADOR -- 0.4% Republic of El Salvador 7.750%, 01/24/23 3,000 3,263 --------- INDONESIA -- 0.8% Garuda Indonesia (F) (L) 5.027%, 12/31/07 1,200 960 Republic of Indonesia 7.500%, 10/15/16 5,320 5,520 7.250%, 04/20/15 (A) 1,030 1,054 --------- 7,534 --------- KAZAKHSTAN -- 0.1% Kazkommerts International (A) 7.875%, 04/07/14 1,000 1,050 --------- LUXEMBOURG -- 0.3% Gaz Capital for Gazprom Registered 8.625%, 04/28/34 2,290 2,902 --------- MACEDONIA -- 0.0% Government of Macedonia (F) 3.653%, 07/13/12 486 472 --------- MALAYSIA -- 1.4% Government of Malaysia 8.750%, 06/01/09 800 894 7.500%, 07/15/11 7,725 8,642 Petronas Capital 7.875%, 05/22/22 2,825 3,527 --------- 13,063 --------- MEXICO -- 13.1% Cornhill, Ser 39 (I) (L) 0.000%, 01/30/00 1,650 536 Cornhill, Ser 46 (I) (L) 8.626%, 03/02/00 150 49 Mexican Bonos 9.000%, 12/27/07 MXP 60,000 5,766 9.000%, 12/24/09 MXP 206,406 20,176 Pemex Project Funding Master Trust 8.000%, 11/15/11 500 560 9.500%, 09/15/27 (C) 5,550 7,395 United Mexican States 11.375%, 09/15/16 (C) 8,500 12,495 10.375%, 02/17/09 725 835 8.125%, 12/30/19 (C) 13,350 16,387 6.625%, 03/03/15 (C) 22,465 24,599 United Mexican States MTN 8.300%, 08/15/31 (C) 10,185 13,088
-------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS DEBT FUND December 31, 2005
------------------------------------------------------------------------------------ FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) ------------------------------------------------------------------------------------ 8.000%, 09/24/22 3,875 $ 4,781 5.875%, 01/15/14 (C) 14,239 14,737 --------- 121,404 --------- NIGERIA -- 0.6% Central Bank of Nigeria 8.000%, 01/05/10 2,531 766 6.250%, 11/15/20 3,500 3,482 Turanalem Finance (A) 7.875%, 06/02/10 1,070 1,123 --------- 5,371 --------- PANAMA -- 2.3% Republic of Panama 9.625%, 02/08/11 765 893 9.375%, 04/01/29 4,915 6,181 9.375%, 01/16/23 (C) 1,070 1,340 8.125%, 04/28/34 3,200 3,568 7.250%, 03/15/15 (C) 5,275 5,612 Republic of Panama, Ser 20YR (F) 4.688%, 07/17/16 3,642 3,557 --------- 21,151 --------- PERU -- 3.4% Republic of Peru 9.875%, 02/06/15 (C) 4,280 5,136 9.125%, 02/21/12 380 436 8.750%, 11/21/33 2,925 3,291 8.375%, 05/03/16 (C) 3,725 4,088 7.350%, 07/21/25 9,430 9,289 Republic of Peru FLIRB, Ser 20YR (F) 5.000%, 03/07/17 5,689 5,305 Republic of Peru, Ser 20YR (F) 5.000%, 03/07/17 3,948 3,721 --------- 31,266 --------- PHILIPPINES -- 5.9% Republic of Philippines 10.625%, 03/16/25 (C) 22,145 28,124 9.500%, 02/02/30 11,690 13,736 9.375%, 01/18/17 (C) 7,800 8,931 9.000%, 02/15/13 (C) 600 664 8.875%, 03/17/15 175 193 8.250%, 01/15/14 600 639 8.000%, 01/15/16 2,650 2,769 --------- 55,056 --------- POLAND -- 0.5% Government of Poland 5.250%, 01/15/14 4,750 4,831 --------- RUSSIA -- 10.9% Russian Federation Registered 12.750%, 06/24/28 6,410 11,757 11.000%, 07/24/18 9,585 14,126 8.250%, 03/31/10 6,000 6,368 5.000%, 03/31/30 60,795 68,631 --------- 100,882 --------- SOUTH AFRICA -- 0.7% Republic of South Africa 9.125%, 05/19/09 825 925 ------------------------------------------------------------------------------------ FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) ------------------------------------------------------------------------------------ 6.500%, 06/02/14 5,540 $ 5,990 --------- 6,915 --------- TURKEY -- 9.6% Republic of Turkey 16.570%, 01/24/07 (E) TRL 7,900 5,071 11.750%, 06/15/10 1,150 1,409 11.875%, 01/15/30 (C) 27,135 41,720 11.500%, 01/23/12 (C) 5,500 6,978 11.000%, 01/14/13 3,095 3,927 9.500%, 01/15/14 (C) 4,550 5,443 7.375%, 02/05/25 6,355 6,571 7.000%, 06/05/20 10,765 10,886 1.571%, 05/09/07 (E) TRL 12,100 7,496 --------- 89,501 --------- UKRAINE -- 0.5% Government of Ukraine Registered (C) 7.650%, 06/11/13 4,365 4,710 --------- URUGUAY -- 2.5% Republic of Uruguay 10.500%, 10/20/06 UYU 13,200 681 9.250%, 05/17/17 3,175 3,612 7.875%, 01/15/33 3,801 3,830 7.500%, 03/15/15 (C) 13,466 13,836 7.250%, 02/15/11 1,625 1,653 --------- 23,612 --------- VENEZUELA -- 8.5% Government of Venezuela 10.750%, 09/19/13 13,590 16,716 9.375%, 01/13/34 1,400 1,659 9.250%, 09/15/27 35,335 41,872 8.500%, 10/08/14 (C) 6,943 7,637 7.650%, 04/21/25 1,400 1,416 Government of Venezuela Registered 5.375%, 08/07/10 (C) 4,575 4,369 5.194%, 04/20/11 (F) 4,870 4,772 Government of Venezuela, Ser A 6.750%, 03/31/20 725 727 --------- 79,168 --------- Total Global Bonds (Cost $749,165) ($ Thousands) 829,740 --------- CORPORATE OBLIGATIONS (D)(F) -- 14.0% UNITED STATES -- 14.0% Allstate Life Global Funding II MTN (H) 4.390%, 01/16/07 1,693 1,693 American General Finance (H) 4.390%, 01/16/07 2,024 2,023 4.369%, 01/16/07 3,312 3,312 American General Finance MTN, Ser F 3.927%, 07/14/06 368 371 Bear Stearns EXL 4.379%, 01/16/07 6,550 6,550 CCN Bluegrass 4.440%, 08/18/06 2,392 2,392 CIT Group MTN 4.342%, 05/12/06 9,199 9,199 4.182%, 04/19/06 920 920
-------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS DEBT FUND December 31, 2005
------------------------------------------------------------------------------------ FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) ------------------------------------------------------------------------------------ Caterpillar Financial Services MTN, Ser F 4.235%, 07/10/06 1,840 $ 1,840 Countrywide Financial Services MTN, Ser A 4.550%, 09/13/06 (D) 6,807 6,807 4.351%, 11/03/06 1,840 1,840 4.341%, 11/03/06 2,024 2,024 Countrywide Home Loans MTN, Ser M 4.323%, 01/31/06 809 809 Dekabank (H) 4.183%, 08/19/06 6,807 6,806 Irish Life & Permanent MTN, Ser X (H) 4.405%, 01/22/07 1,472 1,472 4.399%, 01/22/07 3,422 3,422 Islandsbanki (H) 4.420%, 01/22/07 3,128 3,128 Jackson National Life Funding (H) 4.291%, 01/02/07 8,095 8,095 Kaupthing Bank MTN 4.399%, 01/19/07 9,199 9,199 Landsbanki Islands (H) 4.450%, 01/16/07 6,991 6,991 Liberty Lighthouse US Capital MTN (H) 4.387%, 05/10/06 3,680 3,679 Morgan Stanley EXL 4.341%, 01/04/07 1,288 1,288 Morgan Stanley EXL, Ser S 4.306%, 02/05/07 1,840 1,840 Natexis Banques (H) 4.367%, 01/16/07 3,588 3,587 Nationwide Building Society (H) 4.547%, 09/28/06 1,840 1,840 4.331%, 01/05/07 3,679 3,679 Nordbank (H) 4.385%, 01/23/07 6,255 6,254 Northern Rock (H) 4.321%, 10/03/06 3,790 3,790 Pacific Life Global Funding (H) 4.382%, 01/15/07 2,760 2,760 Premium Asset Trust, Ser 2004-01 (H) 4.376%, 02/06/06 1,104 1,104 4.336%, 02/06/06 736 736 4.332%, 02/06/06 1,987 1,987 Premium Asset Trust, Ser 2004-06 (H) 4.422%, 06/30/06 3,496 3,497 Premium Asset Trust, Ser 2004-10 (H) 4.379%, 01/16/07 5,151 5,151 SLM EXL, Ser S (H) 4.369%, 01/16/07 4,047 4,047 Sigma Finance MTN (H) 4.680%, 11/09/06 1,987 1,987 Skandinav Enskilda Bank (H) 4.367%, 01/18/07 4,048 4,047 --------- Total Corporate Obligations (Cost $130,166) ($ Thousands) 130,166 --------- LOAN PARTICIPATIONS -- 4.2% ALGERIA -- 0.3% Republic of Algeria (Counterparty: Credit Suisse First Boston) (F) 2.813%, 03/04/10 2,643 2,590 --------- ------------------------------------------------------------------------------------ FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) ------------------------------------------------------------------------------------ BRAZIL -- 0.9% Global Village Telecom Loan (Counterparty: Deutsche Bank) (B) (L) 0.000%, 12/31/49 11,640 $ 8,730 --------- INDONESIA -- 0.9% Indonesia Standby Loan 94 (Counterparty: Deutsche Bank) (F) (L) 4.000%, 12/31/49 6,097 5,366 PKN Tranche Loan A (Counterparty: Citigroup Global Markets) (B) (L) 0.000%, 06/30/11 1,533 1,456 PKN Tranche Loan B (Counterparty: Citigroup Global Markets) (B) (L) 0.000%, 05/01/11 4,200 345 PKN Tranche Loan C Equity (B) (L) 0.000%, 12/31/49 25 -- PKN Tranche Loan D Secured Short Term, Ser 1 (Counterparty: Citibank) (B) (L) 0.000%, 02/10/06 433 431 PKN Tranche Loan D Secured Short Term, Ser 2 (Counterparty: Citibank) (B) (L) 0.000%, 02/10/06 524 521 --------- 8,119 --------- MEXICO -- 1.1% Altos Hornos, Promissory Note # 5 (I) (L) 0.000%, 04/29/99 2,500 1,425 Altos Hornos, Promissory Note # 6 (I) (L) 0.000%, 04/29/99 2,500 1,425 Altos Hornos, Promissory Note (Counterparty: Deutche Bank) (B) (L) 0.000%, 12/31/49 4,500 2,565 Altos Hornos, Tranche A (Counterparty: Banc of America) (I) (L) 0.000%, 04/11/04 6,540 3,793 Grupo Accerco Del Norte (Counterparty: Deutsche Bank) (B) (L) 0.000%, 12/31/49 7,750 775 --------- 9,983 --------- MOROCCO -- 0.1% Kingdom of Morocco, Ser A (Counterparties: Credit Suisse First Boston, J.P. Morgan, Merrill Lynch) (F) 3.803%, 01/02/09 1,273 1,270 SINGAPORE -- 0.6% C2C Loan (Counterparty: Deutsche Bank) (B) (E) (L) 0.000%, 12/31/10 10,800 5,832 THAILAND -- 0.3% TPI Equity (Counterparty: Banc of America) (L) 0.000%, THB 7,612 --
-------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS DEBT FUND December 31, 2005
------------------------------------------------------------------------------------- SHARES/FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) ------------------------------------------------------------------------------------- TPI Equity (Counterparty: Deutsche Bank) (L) 0.000%, THB 1,813 $ -- TPI JPY Loan (Counterparty: Deutsche Bank) (B) (E) (L) 0.000%, 12/31/49 JPY 354,231 2,761 TPI Polene Public (L) 0.000%, THB 298 -- --------- 2,761 --------- Total Loan Participations (Cost $28,121) ($ Thousands) 39,285 --------- LOAN TO COUNTERPARTY AS COLLATERAL FOR SWAP CONTRACTS -- 0.7% UNITED STATES -- 0.7% Loan to Credit Suisse First Boston as Collateral for Swap Contracts Outstanding (K) 4.107%, 04/15/10 2,000 2,000 4.107%, 09/20/15 4,350 4,350 --------- Total Loan to Counterparty as Collateral for Swap Contracts (Cost $6,350) ($ Thousands) 6,350 --------- ASSET-BACKED SECURITIES (D)(F)(H) -- 3.2% UNITED STATES -- 3.2% Blue Heron Funding, Ser 9A, Cl A1 4.409%, 02/22/06 3,679 3,679 CCN Independence 4.439%, 07/17/06 1,288 1,288 Cheyne High Grade, Ser 2004-1A, Cl AM1 4.330%, 11/10/06 1,840 1,840 Commodore, Ser 2003-2A, Cl A1MM 4.560%, 12/12/38 1,693 1,693 Duke Funding, Ser 2004-6B, Cl A1S1 4.185%, 10/10/06 2,760 2,760 Harwood Street Funding II, Ser 2005-A1, Cl NOTE 4.429%, 06/25/06 3,679 3,679 Orchard Structured Finance CDO, Ser 2003-1A, Cl A1MM 4.518%, 05/18/06 3,016 3,016 Park Place Securities NIM Trust, Ser 2004-MM1, Cl AM4 4.419%, 05/25/06 3,281 3,281 RMAC, Ser 2004-NS3A, Cl A1 4.360%, 09/12/06 897 897 Saturn Ventures II 4.391%, 02/07/06 3,680 3,680 TIAA Real Estate, Ser 2003-1A, Cl A1 4.410%, 09/28/06 2,376 2,376 Whitehawk CDO Funding, Ser 2004-1A, Cl AMMD 4.511%, 06/15/06 920 920 ---------------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) ---------------------------------------------------------------------------------------- Whitehawk CDO Funding, Ser 2004-1A, Cl AMME 4.511%, 09/15/06 552 $ 552 --------- Total Asset-Backed Securities (Cost $29,661) ($ Thousands) 29,661 --------- MASTER NOTES (D)(F)(M)-- 1.5% Bank of America 4.330%, 01/03/06 9,199 9,199 Bear Stearns 4.370%, 01/03/06 4,416 4,416 --------- Total Master Notes (Cost $13,615) ($ Thousands) 13,615 --------- COMMERCIAL PAPER (D)(E) -- 1.4% UNITED STATES -- 1.4% Adirondack 4.352%, 01/03/06 1,472 1,471 Mica Funding LLC 4.302%, 01/03/06 1,400 1,400 Rhineland Funding 4.295%, 01/30/06 6,439 6,416 4.276%, 02/01/06 3,181 3,169 Witherspoon CDO 4.396%, 03/15/06 1,104 1,104 --------- Total Commercial Paper (Cost $13,560) ($ Thousands) 13,560 --------- TIME DEPOSITS -- 0.2% ROMANIA -- 0.0% ABN Amro Bucharest 6.600%, 02/28/06 ROL 7,116,200 239 UNITED STATES -- 0.2% Lummis (D) 4.000%, 01/03/06 1,840 1,840 --------- Total Time Deposits (Cost $2,099) ($ Thousands) 2,079 --------- STRUCTURED NOTE -- 0.2% BRAZIL -- 0.2% BRL Structured Note (Counterparty: JP Morgan Chase NA) 0.000%, 07/10/10 BRL 7,800 1,723 --------- Total Structured Note (Cost $1,804) ($ Thousands) 1,723 --------- NUMBER OF WARRANTS -------- WARRANTS -- 0.1% MEXICO -- 0.1% United Mexican States, Expires 09/01/2006* 7,000 $ 399 United Mexican States, Expires 10/10/06* 9,000 326 United Mexican States, Expires 11/09/06* 12,000 348 --------- 1,073 ---------
-------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS DEBT FUND December 31, 2005
------------------------------------------------------------------------------------- FACE AMOUNT MARKET VALUE DESCRIPTION ($ THOUSANDS) (1) ($ THOUSANDS) ------------------------------------------------------------------------------------- NIGERIA -- 0.0% NUMBER OF WARRANTS -------- Central Bank of Nigeria, Expires 11/15/20 (G)* 2,000 $ -- ---------- Total Warrants (Cost $739) ($ Thousands) 1,073 ---------- OIL-LINKED PAYMENT OBLIGATION -- 0.1% VENEZUELA -- 0.1% Government of Venezuela Par, Expires 04/15/20* 34 956 ---------- Total Oil-Linked Payment Obligation (Cost $0) ($ Thousands) 956 ---------- REPURCHASE AGREEMENTS (D)(J) -- 4.3% Barclays Capital 4.250%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $5,324,933 (collateralized by various U.S. Government Obligations, ranging in par value $1,175,84-$2,482,621, 4.300%-4.500%, 05/11/07-09/26/08; with total market value $5,429,008) $ 5,322 5,322 Deutsche Bank 4.250%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $10,845,823 (collateralized by various U.S. Government Obligations, ranging in par value $1,058,324- $9,997,451, 3.875%-4.500%, 02/15/10-07/06/10; with total market value $11,057,544) 10,841 10,841 Lehman Brothers 4.240%, dated 12/30/05, to be repurchased on 01/03/06, repurchase price $22,861,031 (collateralized by various U.S. Government Obligations, ranging in par value $221-$1,760,869, 0.000%-6.120%, 05/15/06-03/23/28; with total market value $23,307,280) 22,850 22,850 ---------- Total Repurchase Agreements (Cost $39,013) ($ Thousands) 39,013 ---------- Total Investments -- 119.2% (Cost $1,014,293) ($ Thousands)+ $1,107,221 ==========
Percentages are based on Net Assets of $929,180 ($ 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." As of December 31, 2005, the total value of these securities was $3,227 ($ Thousands), representing 0.35% of the Fund's net assets. (B) Security in default on interest payments. (C) This security or a partial position of this security is on loan at December 31, 2005. The total value of securities on loan at December 31, 2005 was $221,386 ($ Thousands). (D) This security was purchased with cash collateral held from securities lending. The total value of such securities as of December 31, 2005 was $227,855 ($ Thousands). (E) The rate reported is the effective yield at time of purchase. (F) Variable Rate Security -- The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2005. (G) Security is fair valued at $0 and represents 0.00% of net assets. (H) This security, which was purchased with cash collateral, was sold within the terms of private placement memorandum, exempt 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". (I) Security in default on interest and principal payments. (J) Tri-Party Repurchase Agreements. (K) Cash on loan to swap counterparty as collateral for outstanding swap contracts. (L) Securities considered illiquid. The total value of such securities as of December 31, 2005 was $38,721 ($ Thousands) and represented 4.17% of Net Assets. (M) The date shown is the earlier of the reset date or the demand date. ARS -- Argentina Peso BRL -- Brazilian Real CDO -- Collateralized Debt Obligation Cl -- Class EUR -- Euro EXL -- Extendable Maturity FLIRB -- Front Loaded Interest Reduction Bond ITL -- Italian Lira JPY -- Japanese Yen LLC -- Limited Liability Company MTN -- Medium Term Note MXP -- Mexican Peso NA -- National Association ROL -- Romanian Leu Ser -- Series THB -- Thailand Baht TRL -- Turkish Lira UYU -- Uruguay Peso + At December 31, 2005, the tax basis cost of the Fund's investments was $1,014,293 ($ Thousands), and the unrealized appreciation and depreciation were $96,921($ Thousands) and $(3,993) ($ Thousands), respectively. -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS DEBT FUND December 31, 2005 Forward Foreign Currency Contracts --The following forward foreign currency contracts were outstanding at December 31, 2005: --------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------- UNREALIZED CURRENCY TO CURRENCY TO CONTRACT APPRECIATION/ SETTLEMENT DELIVER RECEIVE VALUE (DEPRECIATION) DATE (THOUSANDS) (THOUSANDS) ($ THOUSANDS) ($ THOUSANDS) --------------------------------------------------------------------------------------------------------------- 01/04/06-02/02/06 USD 39,245 BRL 90,470 $ 38,566 ($679) 02/07/06 USD 5,904 MXP 64,064 5,999 95 03/21/06 USD 4,800 PLZ 15,426 4,738 (61) 01/25/06-11/29/06 USD 16,300 RUB 466,334 16,182 (118) 01/17/06-02/07/06 USD 9,279 TRL 12,740 9,386 107 01/17/06-06/08/06 USD 2,200 UAH 11,140 2,159 (41) 01/04/06 BRL 40,483 USD 17,426 17,334 92 03/13/06 EUR 2,940 USD 3,486 3,480 6 03/13/06 JPY 315,880 USD 2,653 2,699 (46) 02/07/06 MXP 64,064 USD 6,065 5,999 66 01/25/06 RUB 15,208 USD 550 529 21 06/08/06 UAH 11,140 USD 2,171 2,159 12 -------- ----- $109,230 ($546) ======== =====
CURRENCY LEGEND BRL -- Brazilian Real RUB -- Russian Ruble EUR -- Euro TRL -- Turkish Lira JPY-- Japanese Yen UAH -- Ukraine Hrynai MXP -- Mexican Peso USD -- U.S. Dollar PLZ -- Polish Zloty Credit Default Swap Agreements -- The following credit default swap agreements were outstanding at December 31, 2005:
---------------------------------------------------------------------------------------------------------------------------------- NET NOTIONAL UNREALIZED EXPIRATION AMOUNT APPRECIATION DESCRIPTION DATE ($ THOUSANDS) ($ THOUSANDS) ---------------------------------------------------------------------------------------------------------------------------------- Fund receives semi-annual payment of 0.445% (0.890% per annum) times notional amount of Russian Federation Registered, 4.107%, 09/20/15. Upon a defined credit event Fund pays notional amount and takes receipt of a defined deliverable obligation. 09/20/15 $ 4,350 $ -- Fund receives semi-annual payment of 0.590% (1.180% per annum) times notional amount of Russian Federation Registered, 4.107%, 04/15/10. Upon a defined credit event Fund pays notional amount and takes receipt of a defined deliverable obligation. 04/15/10 2,000 41 Fund receives semi-annual payment of 8.375% (16.750% per annum) times notional amount of Nigeria Treasury Bond, 17.000%, 12/16/08. Upon a defined credit event Fund pays notional amount and takes receipt of a defined deliverable obligation. 12/16/2008 151,433 5 ---------------------------------------------------------------------------------------------------------------------------------- $ 46 ==================================================================================================================================
Amounts designated as "--" are either $0 or have been rounded to $0. -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2005 SCHEDULE OF INVESTMENTS (Unaudited) EMERGING MARKETS DEBT FUND December 31, 2005 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 / December 31, 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. In their opinion, based on their evaluation, 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 has materially affected, or is 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/ Robert A. Nesher ------------------------------ Robert A. Nesher, Chief Executive Officer Date: February 22, 2006 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/ Robert A. Nesher ------------------------------ Robert A. Nesher, Chief Executive Officer Date: February 22, 2006 By (Signature and Title)* /s/ Stephen F. Panner ------------------------------ Stephen F. Panner, Controller & CFO Date: February 22, 2006 * Print the name and title of each signing officer under his or her signature.