-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G0gUXVO84p6uQArFDnYuRCDVuLX1gtsj/M5epiH+OoklaaO7TdClsUSJUY0i0Www r69eQLVaQJ3cYYqgMC5qwQ== 0000935069-07-000427.txt : 20070301 0000935069-07-000427.hdr.sgml : 20070301 20070301140810 ACCESSION NUMBER: 0000935069-07-000427 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070301 DATE AS OF CHANGE: 20070301 EFFECTIVENESS DATE: 20070301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEI INSTITUTIONAL INTERNATIONAL TRUST CENTRAL INDEX KEY: 0000835597 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05601 FILM NUMBER: 07662236 BUSINESS ADDRESS: STREET 1: SEI INVESTMENTS ATTN: CAREN ROSCH STREET 2: 1FREEDOM CIRCLE DRIVE CITY: OAKS STATE: PA ZIP: 19456 BUSINESS PHONE: 610 676-3097 MAIL ADDRESS: STREET 1: SEI INVESTMENTS ATTN: CAREN ROSCH STREET 2: 1FREEDOM CIRCLE DRIVE CITY: OAKS STATE: PA ZIP: 19456 FORMER COMPANY: FORMER CONFORMED NAME: SEI INTERNATIONAL TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SEI WEALTH MANAGEMENT TRUST DATE OF NAME CHANGE: 19900129 0000835597 S000006418 SIT INTERNATIONAL EQUITY FUND C000017606 SIT INTERNATIONAL EQUITY FUND - CLASS I C000017607 SIT INTERNATIONAL EQUITY FUND - CLASS A SEITX 0000835597 S000006419 SIT INTERNATIONAL FIXED INCOME FUND C000017608 SIT INTERNATIONAL FIXED INCOME FUND - CLASS A SEFIX 0000835597 S000006420 SIT EMERGING MARKETS EQUITY FUND C000017609 SIT EMERGING MARKETS EQUITY FUND - CLASS A SIEMX 0000835597 S000006421 SIT EMERGING MARKETS DEBT FUND C000017610 SIT EMERGING MARKETS DEBT FUND - CLASS A SITEX N-Q 1 sitnq12_06comb.txt SEI INSTITUTIONAL INTERNATIONAL TRUST N-Q 12_06 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, 2007 DATE OF REPORTING PERIOD: DECEMBER 31, 2006 ITEM 1. SCHEDULE OF INVESTMENTS Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- COMMON STOCK -- 83.5% AUSTRALIA -- 2.9% ABB Grain 51,600 $ 274 Amcor 309,883 1,771 AMP 825,800 6,574 APN News & Media 44,850 214 Australia & New Zealand Banking Group 229,981 5,114 Babcock & Brown 84,751 1,657 BHP Billiton 134,903 2,690 Billabong International 112,300 1,540 BlueScope Steel 229,200 1,557 Brambles* 258,443 2,575 Brambles (B)* 165,521 1,674 Caltex Australia 31,400 569 Challenger Financial Services Group 371,801 1,207 Cochlear 28,835 1,318 Commonwealth Bank of Australia 46,952 1,831 CSL 22,888 1,179 Foster's Group 431,411 2,353 GPT Group 50,629 224 Insurance Australia Group 388,183 1,943 IOOF Holdings 2,800 24 Leighton Holdings 32,400 516 Lend Lease 111,186 1,616 Lion Nathan 60,600 390 Macquarie Airports 2,250,271 6,385 Macquarie Bank 36,752 2,286 Macquarie Infrastructure Group 1,090,319 2,974 Mirvac Group 328,034 1,445 National Australia Bank 177,900 5,665 OneSteel 117,990 435 Pacific Brands 413,303 850 PaperlinX 137,800 427 Perilya 19,167 83 Port Bouvard 1,300 5 Promina Group 45,806 250 Qantas Airways 378,700 1,558 QBE Insurance Group 890,386 20,247 Rinker Group 224,210 3,190 Rio Tinto (B) 59,175 3,466 Santos 339,409 2,641 Specialty Fashion Group* 55,200 67 St George Bank 23,900 622 Suncorp-Metway 76,744 1,231 Sunland Group 66,500 189 TABCORP Holdings 43,700 580 Telstra 873,500 2,850 Toll Holdings 113,300 1,632 Westpac Banking 117,045 2,236 Woolworths 450,150 8,480 Zinifex 66,500 985 ------------- 109,589 ------------- AUSTRIA -- 0.5% Boehler-Uddeholm (B) 8,724 611 Erste Bank der Oesterreichischen Sparkassen 17,501 1,341 IMMOFINANZ* 21,019 299 Mayr Melnhof Karton* 3,060 573 OMV 61,200 3,469 Raiffeisen International Bank Holding 7,018 1,069 Telekom Austria 115,700 3,097 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Voestalpine 126,800 $ 7,152 ------------- 17,611 ------------- BELGIUM -- 1.1% AGFA-Gevaert 12,901 329 Belgacom (B) 72,539 3,192 Compagnie Maritime Belge 4,888 210 D'ieteren 1,820 647 Delhaize Group 27,104 2,257 Dexia 136,248 3,728 Fortis 250,027 10,656 Fortis (Netherlands Line) 185,286 7,894 InBev (B) 28,390 1,870 KBC Groep (B) 19,800 2,426 Mobistar 19,662 1,676 Omega Pharma (B) 20,000 1,507 Solvay 13,000 1,992 UCB (B) 29,750 2,038 ------------- 40,422 ------------- BERMUDA -- 0.0% Frontline* 36,600 1,182 ------------- BRAZIL -- 0.1% Gerdau ADR 138,375 2,214 Uniao de Bancos Brasileiros ADR 13,800 1,283 ------------- 3,497 ------------- CANADA -- 2.1% Abitibi-Consolidated (B) 116,200 298 Alcan 126,700 6,182 Cameco (B) 118,000 4,786 Canadian Natural Resources (B) 82,100 4,385 EnCana (B) 56,900 2,624 Kinross Gold* 585,850 6,957 LionOre Mining International* 302,700 3,447 Manulife Financial (B) 32,700 1,106 Methanex (B) 51,300 1,406 Nexen (B) 63,000 3,476 Potash Saskatchewan (B) 37,300 5,353 Research In Motion* 41,100 5,252 Rogers Communications, Cl B (B) 362,440 10,807 Suncor Energy (B) 32,100 2,532 Teck Cominco, Cl B 196,450 14,839 TELUS (B) 73,800 3,300 Toronto-Dominion Bank (B) 19,500 1,168 ------------- 77,918 ------------- CHINA -- 0.2% China Petroleum & Chemical, Cl H (B) 2,176,000 2,015 Foxconn International Holdings (B)* 949,000 3,105 Industrial & Commercial Bank of China, Cl H 1,064,000 661 PetroChina, Cl H 1,114,000 1,578 Tingyi Cayman Islands Holding 234,000 229 ------------- 7,588 ------------- DENMARK -- 0.4% Carlsberg, Cl B 15,400 1,528 Danske Bank 125,400 5,568 DSV 7,400 1,351 East Asiatic 10,125 566 Novo-Nordisk, Cl B 35,600 2,963 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Sydbank 37,188 $ 1,776 TDC 700 27 Topdanmark* 3,850 636 ------------- 14,415 ------------- FINLAND -- 0.9% Fortum 342,650 9,742 Kemira* 32,000 719 Metso 11,700 590 Neste Oil 126,300 3,835 Nokia 272,000 5,552 Nokia ADR 7,500 152 OKO Bank, Cl A 98,600 1,651 Orion, Cl B* 33,600 729 Outokumpu 79,000 3,090 Sampo, Cl A 62,700 1,677 Stora Enso, Cl R 61,500 973 UPM-Kymmene 156,400 3,943 ------------- 32,653 ------------- FRANCE -- 9.9% Accor (B) 18,817 1,456 Air France-KLM (B) 235,946 9,922 Air Liquide (B) 7,691 1,824 Alstom (B)* 41,400 5,607 Assurances Generales de France (B) 89,370 13,918 AXA (B) 326,805 13,217 BNP Paribas (B) 307,771 33,543 Bouygues (B) 132,320 8,485 Business Objects (B)* 37,000 1,450 Capgemini (B) 239,020 14,987 Carrefour (B) 19,200 1,163 Casino Guichard Perrachon (B) 55,645 5,166 Christian Dior (B) 18,400 1,959 Cie de Saint-Gobain (B) 147,259 12,360 Cie Generale d'Optique Essilor International (B) 14,320 1,538 CNP Assurances (B) 48,500 5,410 Compagnie Generale des Etablissements Michelin, Cl B (B) 101,658 9,719 Credit Agricole (B) 329,705 13,852 Dassault Systemes (B) 16,662 883 Financiere de L'Odet 1,280 533 France Telecom (B) 312,229 8,626 Gaz de France (B) 31,282 1,437 Groupe Danone (B) 106,517 16,125 L'Oreal (B) 24,525 2,455 Lafarge (B) 75,343 11,197 Neopost 11,300 1,418 PagesJaunes Groupe (B) 29,500 586 Peugeot (B) 31,200 2,065 PPR (B) 26,700 3,985 Renault (B) 132,761 15,931 Safran (B) 60,300 1,398 Sanofi-Aventis (B) 319,457 29,467 Sanofi-Aventis (Germany Line)* 2,125 197 Schneider Electric (B) 57,618 6,390 SCOR 1,695,816 5,009 Societe Generale (B) 155,994 26,453 Societe Television Francaise 1 (B) 117,400 4,352 Sodexho Alliance 1,500 94 Suez (B)* 134,767 6,972 Thales (B) 48,000 2,391 Total (B) 405,607 29,230 Vallourec (B) 32,884 9,553 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Veolia Environnement (B) 40,250 $ 3,100 Vinci (B) 112,250 14,328 Vivendi (B) 335,947 13,117 ------------- 372,868 ------------- GERMANY -- 6.0% Allianz (B) 76,338 15,579 Altana* 12,690 787 BASF (B) 127,151 12,382 Bayer (B) 437,926 23,480 Bayerische Motoren Werke (B) 42,548 2,441 Commerzbank (B) 69,324 2,637 Continental (B) 104,849 12,181 DaimlerChrysler (B) 233,442 14,406 Deutsche Bank (B) 103,278 13,801 Deutsche Boerse (B) 14,875 2,735 Deutsche Lufthansa (B) 447,400 12,301 Deutsche Post (B) 189,787 5,716 Deutsche Telekom 89,236 1,629 E.ON (B) 156,070 21,163 Fresenius Medical Care (B) 68,350 9,100 Heidelberger Druckmaschinen* 17,200 814 Hypo Real Estate Holding 21,800 1,372 Infineon Technologies* 511,450 7,203 Lanxess* 19,800 1,109 MAN 44,200 3,990 Merck KGaA 9,936 1,029 Muenchener Rueckversicherungs (B) 115,689 19,896 Premiere (B)* 22,481 377 Puma Rudolf Dassler Sport 3,800 1,482 RWE (B) 74,842 8,241 Salzgitter 23,300 3,043 SAP (B) 66,424 3,526 SAP ADR 15,900 844 Siemens (B) 78,683 7,796 Suedzucker (B) 123,220 2,978 ThyssenKrupp (B) 181,643 8,549 TUI (B) 60,700 1,212 Volkswagen (B) 35,761 4,050 Wincor Nixdorf (B) 4,312 670 ------------- 228,519 ------------- GREECE -- 0.2% Alpha Bank 13,286 401 Coca Cola Hellenic Bottling 16,510 644 Folli - Follie 4,370 172 Hellenic Telecommunications Organization 66,000 1,981 National Bank of Greece 34,460 1,586 OPAP 75,800 2,927 Titan Cement 13,360 728 ------------- 8,439 ------------- HONG KONG -- 2.2% Bank of East Asia (B) 1,419,000 8,037 BOC Hong Kong Holdings 1,788,400 4,852 Cathay Pacific Airways 240,000 592 Cheung Kong Holdings 70,000 862 China Mobile Hong Kong (B) 1,346,100 11,631 China Netcom Group (B) 575,000 1,542 CLP Holdings 334,000 2,469 Esprit Holdings 25,500 285 eSun Holdings* 208,000 218 Hang Lung Group 132,000 401 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Hang Lung Properties (B) 1,587,100 $ 3,979 Hang Seng Bank 11,300 154 Henderson Land Development 705,000 3,943 Hong Kong & China Gas 352,000 792 Hong Kong Exchanges and Clearing 537,600 5,910 HongKong Electric Holdings 30,000 147 Hopewell Holdings 309,000 1,085 Hopson Development Holdings 38,000 108 Hysan Development 1,587,000 4,153 Jardine Strategic Holdings 60,000 798 Kerry Properties 134,000 626 Kingboard Chemical Holdings 156,500 615 Li & Fung (B) 1,215,200 3,781 New World Development (B) 2,559,400 5,154 Orient Overseas International (B) 296,000 1,884 Shangri-La Asia 1,866,300 4,811 Sino Land (B) 2,777,159 6,485 Sun Hung Kai Properties 116,000 1,333 Swire Pacific, Cl A 379,500 4,077 Techtronic Industries 927,500 1,202 Vtech Holdings 55,000 339 Wharf Holdings 95,000 351 Wheelock 193,000 367 Wing Lung Bank 8,400 88 ------------- 83,071 ------------- HUNGARY -- 0.0% MOL Hungarian Oil & Gas 13,000 1,473 ------------- INDIA -- 0.0% Punjab National Bank 90,000 1,031 ------------- IRELAND -- 0.3% Allied Irish Banks 112,500 3,338 Bank of Ireland 21,960 507 CRH 99,693 4,146 Depfa Bank 88,100 1,574 Experian Group* 19,729 231 Fyffes 71,217 167 Kerry Group, Cl A 37,000 924 ------------- 10,887 ------------- ISRAEL -- 0.1% Bank Hapoalim 445,000 2,076 Teva Pharmaceutical Industries ADR 25,000 777 ------------- 2,853 ------------- ITALY -- 3.5% ACEA* 51,000 977 Banca Intesa (B) 333,843 2,575 Banca Popolare di Milano 256,400 4,446 Banche Popolari Unite (B) 264,683 7,267 Banco Popolare di Verona e Novara (B) 244,512 7,013 Beni Stabili* 459,000 732 Buzzi Unicem (B) 49,800 1,414 Capitalia 492,720 4,659 Enel 39,944 412 ENI 757,139 25,439 Fiat 903,728 17,256 Fiat RNC (B) 185,190 3,389 Finmeccanica 231,400 6,264 Fondiaria-Sai (B) 111,470 5,327 IFIL - Investments (B) 1,036,500 8,474 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Italcementi (B) 142,357 $ 4,012 Lottomatica (B) 32,200 1,338 Pirelli & C (B) 5,130,700 5,105 Sanpaolo IMI (B) 221,800 5,148 Snam Rete Gas 266,200 1,508 Telecom Italia RNC 1,084,140 2,748 UniCredito Italiano 2,033,665 17,806 ------------- 133,309 ------------- JAPAN -- 17.5% 77 Bank 243,200 1,541 Advantest 40,900 2,341 Aeon 151,000 3,263 Aeon Credit Service 75,000 1,419 Aisan Industry 9,800 113 Aisin Seiki 38,900 1,303 Alps Electric 37,900 411 Amada 127,000 1,344 Aoyama Trading 14,000 419 Asahi Breweries 117,900 1,885 Asahi Diamond Industrial 13,000 99 Asahi Kasei 348,400 2,278 Autobacs Seven 7,900 288 Bank of Yokohama 33,000 258 BML 3,900 81 Bridgestone 94,000 2,095 Canon 268,898 15,120 Cawachi 4,400 120 Chiyoda 30,000 587 Citizen Watch 79,200 606 Coca-Cola West Holdings 82,600 1,910 COMSYS Holdings (B) 47,000 520 Cosmos Initia 21,000 107 CSK Holdings 35,500 1,514 Dai Nippon Printing 73,000 1,126 Daicel Chemical Industries 74,000 521 Daiichi Sankyo 74,100 2,313 Daimaru (B) 15,000 203 Dainippon Screen Manufacturing 191,800 1,721 Daiwa House Industry 65,000 1,129 Daiwa Securities Group 134,000 1,501 Denki Kagaku Kogyo 69,000 287 Denso 67,500 2,674 Dentsu 600 1,757 EDION 49,400 732 Eighteenth Bank 13,000 64 Elpida Memory* 37,200 2,042 FamilyMart 24,400 663 Fanuc 38,900 3,826 Fast Retailing 16,900 1,611 Fuji Electric Holdings 3,000 16 Fuji Heavy Industries 138,000 708 Fuji Machine Mfg 2,200 42 Fuji Photo Film 196,700 8,072 Fuji Soft 7,700 182 Fujikura 93,000 817 Fujitsu 208,000 1,630 Fukuyama Transporting 50,000 189 Gunze 30,000 151 Hakuhodo DY Holdings 5,510 357 Hankyu Holdings (B) 165,000 942 Hirose Electric (B) 10,100 1,145 Hitachi 759,000 4,726 Hitachi Cable 866,400 4,857 Hitachi High-Technologies 28,500 847 Hitachi Information Systems 7,700 165 Hitachi Metals 63,000 670 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Hokkaido Electric Power 107,000 $ 2,730 Honda Motor 342,200 13,498 Hoya 38,300 1,491 Ibiden 17,900 901 Idemitsu Kosan 11,800 1,186 Inpex Holdings 146 1,198 Itochu 256,000 2,099 Itochu Techno-Science 27,800 1,477 Japan Airport Terminal 17,800 209 Japan Steel Works 1,073,200 8,376 Japan Tobacco 3,630 17,517 JFE Holdings (B) 287,300 14,780 Joyo Bank 61,000 336 JS Group 147,100 3,092 Kamigumi 57,000 466 Kao 67,000 1,805 Kawasaki Kisen Kaisha 40,000 313 KDDI 367 2,486 Keyence 3,800 940 Kirin Brewery 95,000 1,492 Kobe Steel 408,000 1,397 Komatsu 181,000 3,668 Komori 120,200 2,245 Konica Minolta Holdings 85,000 1,198 Kubota (B) 145,000 1,341 Kuraray 137,500 1,620 Kyocera (B) 7,900 744 Kyushu Electric Power (B) 135,200 3,563 Leopalace21 168,800 5,383 Mabuchi Motor 27,600 1,640 Maeda 33,000 125 Makita (B) 97,100 2,974 Marubeni (B) 266,000 1,348 Maruichi Steel Tube 5,800 160 Matsushita Electric Industrial 91,000 1,814 Millea Holdings (B) (L) 48,500 1,710 Mitsubishi 491,900 9,247 Mitsubishi Chemical Holdings 656,000 4,129 Mitsubishi Electric 91,000 829 Mitsubishi Estate 684,700 17,699 Mitsubishi Gas Chemical 137,000 1,431 Mitsubishi Heavy Industries 832,000 3,778 Mitsubishi UFJ Financial Group 1,737 21,426 Mitsubishi UFJ Securities 84,000 932 Mitsui 291,000 4,347 Mitsui Chemicals 1,014,800 7,801 Mitsui Mining & Smelting 121,000 605 Mitsui OSK Lines 924,000 9,104 Mitsui Sumitomo Insurance 143,000 1,563 Mitsui Trust Holdings 99,000 1,135 Mitsumi Electric 114,500 2,518 Mizuho Financial Group 974 6,948 Mochida Pharmaceutical 25,000 213 Murata Manufacturing (B) 15,400 1,040 Nagase 25,000 298 Nankai Electric Railway 93,000 320 NEC 259,000 1,237 Net One Systems 1,100 1,449 NGK Spark Plug (B) 74,000 1,391 Nichirei 24,000 134 Nikko Cordial 96,000 1,100 Nikon (B) 287,000 6,287 Nintendo 42,420 11,001 Nippo 12,000 89 Nippon Electric Glass 137,000 2,874 Nippon Express 111,000 606 Nippon Light Metal 68,000 174 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Nippon Mining Holdings 156,500 $ 1,124 Nippon Oil 139,000 929 Nippon Paper Group 1,200 4,522 Nippon Sheet Glass 1,043,500 4,887 Nippon Shokubai 45,000 478 Nippon Steel 1,207,000 6,929 Nippon Telegraph & Telephone 2,517 12,379 Nippon Yusen Kabushiki Kaisha 39,000 285 Nissan Motor 845,000 10,162 Nissan Shatai 28,000 143 Nisshin Seifun Group (B) 93,900 968 Nitto Denko (B) 48,200 2,411 Nomura Holdings 52,900 997 Nomura Research Institute 10,900 1,579 NSK 143,000 1,408 NTT Data (B) 665 3,326 NTT DoCoMo 1,419 2,239 NTT Urban Development 470 907 Obayashi (B) 520,000 3,369 Obic 7,500 1,550 Odakyu Electric Railway (B) 177,000 1,130 Oiles 4,400 109 Okasan Holdings 37,000 237 Oki Electric Industry (B) 2,617,600 5,822 Ono Pharmaceutical 19,400 1,022 Orient 148,000 277 Oriental Land 6,700 350 ORIX (B) 82,670 23,901 Osaka Gas 174,000 647 PanaHome 30,000 209 Park24 110,700 1,417 Rakuten* 3,600 1,677 Ricoh (B) 195,000 3,977 Rohm 11,500 1,144 Round One 400 1,182 Ryohin Keikaku 21,400 1,636 Sankyo 18,400 1,018 Sanwa Shutter (B) 43,000 254 Sanyo Electric Credit 7,200 107 Sega Sammy Holdings 28,910 779 Seikagaku 10,500 106 Seiko Epson 98,300 2,388 Seino Transportation 421,500 3,955 Sekisui Chemical 498,300 3,969 Sekisui House 70,000 1,018 Sharp 321,000 5,523 Shimamura (B) 10,300 1,182 Shin-Etsu Chemical 46,200 3,090 Shinko Securities 46,000 178 Shinsei Bank 411,000 2,415 Shizuoka Bank 155,800 1,544 SMC (B) 23,400 3,315 Softbank (B) 501,900 9,751 Sojitz* 142,100 432 Sompo Japan Insurance (B) 189,000 2,308 Sony (B) 145,800 6,240 Stanley Electric 55,800 1,117 Sumco 45,600 3,850 Sumitomo 340,000 5,082 Sumitomo Bakelite 49,000 338 Sumitomo Chemical 165,000 1,278 Sumitomo Heavy Industries (B) 546,000 5,728 Sumitomo Metal Industries 736,000 3,193 Sumitomo Metal Mining 183,000 2,345 Sumitomo Mitsui Financial Group (B) 2,366 24,225 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Sumitomo Realty & Development (B) 101,000 $ 3,238 Suruga Bank 124,600 1,541 Suzuken 72,500 2,726 Suzuki Motor 211,500 5,964 T&D Holdings (B) 34,000 2,246 Taiheiyo Cement 141,000 551 Taisho Pharmaceutical 58,000 1,054 Taiyo Nippon Sanso 177,900 1,601 Taiyo Yuden 278,000 4,900 Takeda Pharmaceutical 161,300 11,060 Tanabe Seiyaku 247,200 3,226 TDK 13,000 1,032 Teijin 378,000 2,325 THK 62,100 1,600 TIS 183,000 4,323 Toda 358,700 1,520 Tokai Rika 11,900 303 Tokuyama 11,000 167 Tokyo Electric Power 457,500 14,782 Tokyo Electron 95,600 7,526 Tokyo Gas (B) 292,000 1,551 Tokyo Steel Manufacturing 20,900 327 Tokyo Style 138,800 1,499 Tokyu (B) 241,000 1,541 Toppan Printing 250,000 2,757 Topy Industries 39,000 163 Toshiba (B) 1,022,000 6,647 Towa Real Estate Development* 21,000 103 Toyo Seikan Kaisha 217,900 3,604 Toyoda Gosei 67,700 1,565 Toyota Auto Body 20,100 373 Toyota Motor 441,200 29,474 Trend Micro (B)* 62,500 1,831 TV Asahi 178 354 Uniden 14,000 96 UNY 90,000 1,171 Ushio (B) 48,600 997 USS 33,010 2,147 West Japan Railway 291 1,243 Yahoo! Japan 6,218 2,474 Yamada Denki 33,710 2,857 Yamaguchi Financial Group 9,000 92 Yamaha (B) 70,500 1,491 Yamaha Motor (B) 57,700 1,811 Yamato Transport (B) 165,800 2,546 Yamazaki Baking (B) 26,000 252 Yaskawa Electric 159,000 1,837 ------------- 660,880 ------------- LUXEMBOURG -- 0.0% SES Global FDR (Paris Exchange) 74,390 1,295 ------------- MEXICO -- 0.7% America Movil ADR, Ser L 328,650 14,861 Fomento Economico Mexicano ADR 95,160 11,016 ------------- 25,877 ------------- NETHERLANDS -- 4.9% ABN AMRO Holding 405,629 13,024 Aegon 548,035 10,435 Akzo Nobel 224,350 13,671 ASM International* 32,000 674 ASML Holding (B)* 58,600 1,456 Buhrmann (B) 187,500 2,784 CSM 5,919 228 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- European Aeronautic Defense and Space (B) 182,790 $ 6,291 Fugro (B) 25,730 1,228 Heineken (B) 61,376 2,916 Heineken Holding 65,662 2,667 Hunter Douglas* 5,200 417 ING Groep 959,296 42,491 Koninklijke Ahold* 378,300 4,021 Koninklijke DSM 72,831 3,595 Koninklijke Philips Electronics 278,700 10,500 Mittal Steel (B) 198,221 8,359 Randstad Holdings 9,786 676 Reed Elsevier 120,949 2,061 Royal Dutch Shell, Cl A (B) 437,500 15,415 Royal Dutch Shell, Cl A (GBP) 156,664 5,473 Royal Dutch Shell, Cl B 391,521 13,716 Royal KPN 547,639 7,777 Unilever (B) 293,885 8,022 Univar* 11,100 621 Vedior 223,100 4,622 Wolters Kluwer* 118,300 3,399 ------------- 186,539 ------------- NEW ZEALAND -- 0.1% Auckland International Airport 297,000 459 Fisher & Paykel Appliances Holdings 533,400 1,444 Telecom of New Zealand (B) 1,121,479 3,843 ------------- 5,746 ------------- NORWAY -- 0.7% DnB 338,400 4,810 Norsk Hydro 126,163 3,921 Norske Skogindustrier 77,142 1,332 Orkla 64,150 3,637 PAN Fish* 1,685,500 1,543 ProSafe* 102,500 1,457 Statoil 52,700 1,399 Tandberg Television* 134,900 1,694 Telenor 164,800 3,103 TGS Nopec Geophysical* 100,735 2,087 Yara International 42,200 961 ------------- 25,944 ------------- PORTUGAL -- 0.5% Banco Comercial Portugues 2,006,875 7,410 Banco Espirito Santo (B) 142,052 2,551 Cimpor Cimentos de Portugal 57,912 480 Portugal Telecom 318,500 4,133 Sonae 2,123,300 4,228 ------------- 18,802 ------------- RUSSIA -- 0.3% OAO Gazprom ADR* 214,350 9,860 ------------- SINGAPORE -- 1.0% City Developments 34,000 282 DBS Group Holdings (B) 912,700 13,444 Flextronics International* 257,000 2,950 Jardine Cycle & Carriage 46,000 444 Kim Eng Holdings* 12,000 11 SembCorp Industries 218,000 546 Singapore Airlines (B) 507,545 5,789 Singapore Exchange (B) 431,500 1,603 Singapore Petroleum 48,000 136 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Singapore Post* 2,059,500 $ 1,463 Singapore Telecommunications (B) 3,224,351 6,893 United Industrial* 335,000 456 United Overseas Bank (B) 219,000 2,769 UOL Group 403,000 1,140 ------------- 37,926 ------------- SOUTH AFRICA -- 0.4% ABSA Group 75,200 1,334 Harmony Gold Mining* 269,900 4,257 Sanlam 745,380 1,934 Sasol 154,367 5,666 Standard Bank Group 81,700 1,095 Tiger Brands 43,500 1,055 ------------- 15,341 ------------- SOUTH KOREA -- 0.9% Honam Petrochemical 23,600 1,757 Industrial Bank of Korea 49,730 912 INI Steel 59,040 2,139 Kookmin Bank 34,520 2,775 POSCO 8,800 2,909 Samsung Electronics 16,585 10,880 Samsung Electronics GDR* 11,348 3,734 Shinhan Financial Group 200,200 10,225 ------------- 35,331 ------------- SPAIN -- 3.0% Acciona 792 147 Acerinox (B) 44,227 1,344 Actividades Construcciones y Servicios 265,323 14,943 Altadis 36,328 1,900 Antena 3 de Television (B) 65,231 1,535 Banco Bilbao Vizcaya Argentaria 468,743 11,274 Banco Popular Espanol (B) 368,530 6,672 Banco Santander Central Hispano 1,130,430 21,078 Corp Financiera Alba 14,502 1,082 Ebro Puleva (B) 209,657 5,308 Endesa (B) 134,446 6,352 Gamesa Corp Tecnologica 59,100 1,625 Gas Natural SDG 145,800 5,766 Iberdrola (B) 17,378 759 Iberia Lineas Aereas de Espana 1,311,400 4,773 Inditex 48,320 2,600 Indra Sistemas 60,500 1,485 Repsol (B) 428,855 14,816 Sol Melia 44,100 873 Telefonica 422,888 8,989 ------------- 113,321 ------------- SWEDEN -- 1.7% Alfa Laval 36,700 1,657 Assa Abloy, Cl B 61,500 1,339 Atlas Copco, Cl A 391,250 13,150 Axfood 40,600 1,679 Billerud* 88,000 1,563 Boliden* 51,614 1,328 Electrolux, Cl B* 45,213 905 Elekta, Ser B* 64,900 1,368 Eniro 112,200 1,484 Hennes & Mauritz, Cl B 2,550 129 Investor, Cl B* 212,400 5,215 Kungsleden 106,700 1,637 Lundin Petroleum* 122,900 1,428 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Nordea Bank 210,000 $ 3,238 Scania, Cl B* 26,700 1,877 Skandinaviska Enskilda Banken, Cl A 92,600 2,943 SKF, Cl B 88,000 1,627 Svenska Cellulosa, Cl B 74,400 3,887 Svenska Handelsbanken, Cl A 35,400 1,071 Swedish Match 113,300 2,119 Telefonaktiebolaget LM Ericsson, Cl B 650,000 2,626 TeliaSonera 546,500 4,492 Volvo, Cl B 106,200 7,317 ------------- 64,079 ------------- SWITZERLAND -- 5.4% ABB 250,030 4,475 Adecco 22,300 1,521 Banque Cantonale Vaudoise 2,050 986 Barry Callebaut* 1,360 685 Bucher Industries* 6,200 672 Ciba Specialty Chemicals 12,600 837 Clariant 64,000 957 Compagnie Financiere Richemont, Cl A 130,487 7,590 Credit Suisse Group 477,695 33,361 Forbo Holding* 1,680 669 Geberit 665 1,023 Helvetia Holding 1,171 385 Holcim 98,671 9,029 Nestle 35,617 12,634 Novartis 554,780 31,927 OC Oerlikon* 10,400 5,133 Petroplus Holdings* 10,091 612 Phonak Holding 9,003 715 PSP Swiss Property 25,600 1,468 Rieter Holding 2,530 1,321 Roche Holding 146,987 26,310 STMicroelectronics* 110,000 2,040 Straumann Holding 5,700 1,377 Swatch Group 10,394 464 Swiss Life Holding* 5,760 1,440 Swiss Reinsurance (B) 160,925 13,658 Swisscom 8,455 3,195 UBS 233,746 14,179 Xstrata 234,701 11,713 Zurich Financial Services 49,877 13,402 ------------- 203,778 ------------- TAIWAN -- 0.3% Compal Electronics 1,284,362 1,145 HON HAI Precision Industry GDR 79,952 1,135 Siliconware Precision Industries 336,000 528 Taiwan Semiconductor Manufacturing 1,023,086 2,119 Taiwan Semiconductor Manufacturing ADR 370,380 4,048 United Microelectronics 1,164,000 724 ------------- 9,699 ------------- THAILAND -- 0.0% PTT 199,200 1,157 ------------- - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- UNITED KINGDOM -- 15.7% 3i Group 206,976 4,089 Acergy* 340,600 6,564 Amvescap 330,900 3,860 Anglo American 276,272 13,469 Antofagasta 24,000 239 ARM Holdings 191,111 470 AstraZeneca 335,836 18,036 AstraZeneca (SEK) 77,836 4,180 Aviva 1,251,472 20,133 BAE Systems 1,641,700 13,679 Balfour Beatty 42,630 370 Barclays 1,597,016 22,817 Barratt Developments 178,030 4,303 Bellway 160,746 4,857 Berkeley Group Holdings 40,400 1,353 BHP Billiton 756,276 13,832 Bovis Homes Group 23,229 493 BP 2,642,951 29,355 Brit Insurance Holdings 88,000 544 British Airways* 724,825 7,483 British American Tobacco 158,791 4,441 British Energy Group* 101,925 1,083 British Land + 172,559 5,789 Brixton + 362,100 4,082 BT Group 420,922 2,484 Burberry Group 501,600 6,337 Cadbury Schweppes 93,567 1,001 Carnival 67,617 3,425 Cattles 510,300 4,387 Close Brothers Group 196,800 3,915 Compass Group 1,086,200 6,165 Cookson Group 351,444 4,320 Corus Group 122,000 1,267 Diageo 502,150 9,852 Drax Group* 1 -- DSG International 896,700 3,361 Emap 30,450 481 Enterprise Inns 246,055 6,516 Firstgroup 26,592 299 Friends Provident 1,601,370 6,801 Gallaher Group 12,076 271 GKN 252,587 1,374 GlaxoSmithKline 831,874 21,882 Greene King 122,500 2,726 Group 4 Securicor 319,000 1,174 Hammerson + 13,344 412 Hanson 49,095 740 Hays 189,156 590 HBOS 1,149,346 25,464 HSBC Holdings 1,229,346 22,400 Imperial Chemical Industries 110,500 977 Imperial Tobacco Group 37,902 1,491 Inchcape 440,254 4,360 Intercontinental Hotels Group 1 -- Intermediate Capital Group* 18,800 624 International Power 85,168 636 Investec 133,434 1,722 ITV 538,100 1,122 J Sainsbury 1,426,370 11,425 Kazakhmys 72,400 1,573 Kesa Electricals 157,800 1,048 Kingfisher 256,900 1,199 Ladbrokes 156,000 1,277 Legal & General Group 1,604,878 4,947 Lloyds TSB Group 325,803 3,644 London Stock Exchange Group 44,656 1,145 - -------------------------------------------------------------------------------- Shares/Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Man Group 402,500 $ 4,118 Marks & Spencer Group 840,050 11,788 Michael Page International 228,949 2,026 Millennium & Copthorne Hotels 73,000 872 Mitchells & Butlers 346,966 4,825 National Grid 276,525 3,989 Next 33,997 1,198 Old Mutual 765,000 2,609 Pearson 56,469 853 Persimmon 41,800 1,248 Prudential 268,000 3,669 Punch Taverns 279,339 6,992 Reckitt Benckiser 37,851 1,729 Reed Elsevier 422,814 4,638 Reuters Group 438,700 3,823 Rio Tinto 351,899 18,719 Royal & Sun Alliance Insurance Group 1,185,106 3,537 Royal Bank of Scotland Group 1,377,077 53,714 SABMiller 302,186 6,949 Scottish & Newcastle 631,746 6,918 Scottish & Southern Energy 95,683 2,910 Scottish Power 670,566 9,817 Shire* 82,800 1,716 Smith & Nephew 128,500 1,340 Stagecoach Group 74,945 224 Standard Chartered 160,422 4,684 Stolt-Nielsen* 47,817 1,467 Tate & Lyle 113,858 1,712 Taylor Woodrow 725,482 6,052 Tesco 301,200 2,384 Travis Perkins 107,700 4,182 Unilever 216,720 6,057 United Utilities 59,591 910 Vodafone Group 11,639,741 32,234 Whitbread 51,200 1,678 William Hill 156,447 1,935 Wimpey George 474,987 5,192 Wolseley 42,650 1,029 WPP Group 45,895 620 Yell Group 215,100 2,400 ------------- 593,112 ------------- Total Common Stock (Cost $2,424,920) ($ Thousands) 3,156,012 ------------- ASSET-BACKED SECURITIES -- 8.5% ACE Securities, Ser 2003-NC1, Cl M (D) 6.130%, 07/25/33 2,100 2,108 ACE Securities, Ser 2003-OP1, Cl M1 (D) 6.050%, 12/25/33 800 804 Aames Mortgage Investment Trust, Ser 2005-4, Cl B2 (D) 8.100%, 10/25/35 360 323 Adjustable Rate Mortage Trust, Ser 2005-5, Cl 1A1 (D) 4.946%, 09/25/35 1,894 1,888 Aegis Asset Backed Securities Trust, Ser 2003-3, Cl M1 (D) 6.050%, 01/25/34 193 194 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- American Home Mortgage Investment Trust, Ser 2004-3, Cl 3A (D) 3.710%, 10/25/34 2,932 $ 2,913 American Home Mortgage Investment Trust, Ser 2005-1, Cl 6A (D) (K) 5.294%, 06/25/45 18,289 18,248 American Home Mortgage Investment Trust, Ser 2005-4, Cl 5A (D) (K) 5.350%, 11/25/45 6,789 6,794 American Home Mortgage Investment Trust, Ser 2006-1, Cl 2A3 (D) 5.100%, 12/25/35 4,888 4,833 Ameriquest Mortgage Securities, Ser 2003-2, Cl M1 (D) 6.250%, 03/25/33 1,424 1,426 Argent Securities, Ser 2003-W5, Cl M1 (D) 6.050%, 10/25/33 600 605 Argent Securities, Ser 2003-W9, Cl M1 (D) 6.040%, 03/25/34 1,201 1,207 Asset-Backed Securities Home Equity Loan Trust, Ser 2003-HE5, Cl M1 (D) 6.100%, 09/15/33 1,642 1,649 Asset-Backed Securities Home Equity Loan Trust, Ser 2003-HE7, Cl M2 (D) 7.100%, 12/15/33 750 760 Banc of America Commercial Mortgage, Ser 2006-2, Cl A1 5.611%, 05/10/45 2,672 2,695 Banc of America Funding, Ser 2006-A, Cl 2A2 (D) 5.485%, 02/20/36 638 636 Basic Asset Backed Securities Trust, Ser 2006-1, Cl A1 (D) (K) 5.430%, 04/25/35 8,554 8,556 Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-7, Cl 1A1 (D) 4.914%, 10/25/34 1,491 1,499 Bear Stearns Asset Backed Securities Trust, Ser 2004-HE11, Cl 1A2 (D) 5.650%, 04/25/33 105 105 Bear Stearns NIM Trust, Ser 2005-AQ2N, Cl A1 (F) 5.500%, 09/25/35 30 30 Carrington Mortgage Loan Trust, Ser 2005-NC4, Cl A1 (D) 5.500%, 09/25/35 920 920 Chase Funding Mortgage Loan, Ser 2003-1, Cl 1A4 4.119%, 02/25/29 1,335 1,328 Countrywide Alternative Loan Trust, Ser 2004-33, Cl 1A1 (D) 4.999%, 12/25/34 2,785 2,808 Countrywide Alternative Loan Trust, Ser 2005-69, Cl M3 (D) 6.500%, 12/25/35 800 811 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Countrywide Alternative Loan Trust, Ser 2005-IM1, Cl M3 (D) 7.350%, 01/25/36 1,221 $ 1,230 Countrywide Alternative Loan Trust, Ser 2006-0A11, Cl M3 (D) 5.780%, 06/30/36 1,700 1,702 Countrywide Asset-Backed Certificates, Ser 2003-5, Cl MV2 (D) 6.950%, 01/25/34 993 998 Countrywide Asset-Backed Certificates, Ser 2004-11, Cl A2 (D) 5.730%, 03/25/33 1,098 1,100 Countrywide Asset-Backed Certificates, Ser 2005-15, Cl 1AF1 (D) 5.490%, 04/25/36 2,373 2,374 Countrywide Asset-Backed Certificates, Ser 2006-IM1, Cl A1 (D) 5.440%, 04/25/36 3,349 3,350 Countrywide Home Equity Loan Trust, Ser 2006-D, Cl 2A (D) 5.550%, 05/15/36 8,643 8,644 Countrywide Home Loans, Ser 2004-22, Cl A1 (D) 5.090%, 11/25/34 2,176 2,163 Countrywide Home Loans, Ser 2006-HYB2, Cl 1A1 (D) 5.152%, 04/20/36 6,958 6,931 Credit Suisse Asset-Backed Mortgage Trust, Ser 2006-1, Cl A1B (D) 5.570%, 06/25/36 2,793 2,794 DLSA Mortgage Loan Trust, Ser 2006-AR1, Cl M4 (D) 6.090%, 03/30/36 760 763 DSLA Mortgage Loan Trust, Ser 2004-AR4, Cl B1 (D) 5.950%, 01/19/45 1,224 1,237 DSLA Mortgage Loan Trust, Ser 2006-AR1, Cl M5 (D) 6.160%, 03/30/36 490 493 DSLA Mortgage Loan Trust, Ser 2006-AR1, Cl M7 (D) 7.100%, 03/30/36 490 493 Deustche Alternatives Securities Mortgage Loan Trust, Ser 2006- AB3, Cl A1 (D) 6.250%, 06/30/36 5,217 5,214 First Franklin Mortgage Loan Asset, Ser 2004-FF10, Cl A2 (D) 5.750%, 12/25/32 754 755 First Franklin Mortgage Loan Asset, Ser 2005-FF4, Cl 2A3 (D) 5.570%, 05/25/35 6,000 6,004 First Franklin Mortgage Loan Asset, Ser 2005-FFH3, Cl 2A1 (D) (K) 5.480%, 09/25/35 427 427 First Horizon Alternative Mortgage Trust, Ser 2005-AA3, Cl 3A1 (D) 5.372%, 05/25/35 1,178 1,176 First Horizon Alternative Mortgage Trust, Ser 2006-AA6, Cl 2A1 (D) 5.750%, 11/25/36 15,649 15,696 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- First Horizon Mortgage Pass- Through Trust, Ser 2006-AR3, Cl 1A1 (D) 5.915%, 11/25/36 3,646 $ 3,655 GMAC Mortgage Loan Trust, Ser 2006-HE1, Cl A (D) (K) 5.560%, 11/25/36 17,300 17,307 GSAA Home Equity NIM Trust, Ser 2006-2, Cl 2A1 (D) (K) 5.450%, 12/25/35 9,022 9,022 GSAA Home Equity NIM Trust, Ser 2006-3N, Cl N1 (F) 5.750%, 03/25/36 140 140 GSAA Home Equity NIM Trust, Ser 2006-HE3N, Cl N1 (F) 5.500%, 05/25/36 270 264 Greenpoint Mortgage Funding Trust, Ser 2006-AR1, Cl M3 (D) 5.920%, 02/25/36 1,246 1,250 Home Equity Asset NIM Trust, Ser 2003-4, Cl M2 (D) 7.250%, 10/25/33 1,265 1,270 Home Equity Asset NIM Trust, Ser 2006-1N, Cl A (F) 6.500%, 05/27/36 345 342 Indymac Mortgage Loan Trust, Ser 2004-AR11, Cl 4A1 (D) 5.857%, 06/25/36 6,116 6,135 Indymac Mortgage Loan Trust, Ser 2004-AR6, Cl 1A (D) 5.469%, 10/25/34 956 978 Interstar Millennium Trust, Ser 2006-2GA, Cl A1 (C) (D) (F) 5.330%, 05/25/11 23,789 23,789 Lehman Mortgage Trust, Ser 2006-4, Cl 4A1 6.000%, 08/25/21 11,025 11,114 Lehman XS Trust, Ser 2005-5N, Cl M4 (D) 7.100%, 11/25/35 1,850 1,782 Lehman XS Trust, Ser 2005-7N, Cl M71 (D) 7.100%, 12/25/35 1,075 1,031 Lothian Mortgages Master Issue Trust, Ser 2006-1A, Cl A1 (C) (D) (F) 5.320%, 01/24/28 4,889 4,889 Master Adjustable Rate Mortgages Trust, Ser 2005-2, Cl 3A1 (D) 4.780%, 03/25/35 3,952 3,952 Master Asset Backed Securities Trust, Ser 2002-OPT1, Cl M1 (D) 6.500%, 11/25/32 203 203 Master Asset Backed Securities Trust, Ser 2003-WMC2, Cl M1 (D) 6.050%, 08/25/33 811 811 Master Asset Backed Securities Trust, Ser 2006-AB1, Cl A1 (D) (K) 5.490%, 02/25/36 12,279 12,281 Merrill Lynch Mortgage Investors Trust, Ser 2003-HE1, Cl M2 (D) 7.000%, 07/25/34 520 521 Merrill Lynch Mortgage Investors Trust, Ser 2005-HE2, Cl A2A (D) 5.460%, 09/25/36 1,367 1,367 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Merrill Lynch Mortgage Trust, Ser 2006-1, Cl 1A1 (D) 5.350%, 02/25/36 7,283 $ 7,221 Morgan Stanley Capital I, Cl 2003- NC8, Cl M1 (D) 6.050%, 09/25/33 2,000 2,004 New Century Home Equity Loan Trust, Ser 2004-A, Cl AII3 (D) 4.450%, 08/25/34 2,977 2,959 New Century Home Equity Loan Trust, Ser 2005-B, Cl A2A (D) (K) 5.470%, 10/25/35 2,406 2,406 Nomura Asset Acceptance, Ser 2004-R1, Cl A1 (F) 6.500%, 03/25/34 1,752 1,787 Nomura Asset Acceptance, Ser 2004-R2, Cl A1 (D) (F) 6.500%, 10/25/34 2,019 2,054 Option One Mortgage Loan Trust, Ser 2003-5, Cl M1 (D) 6.000%, 08/25/33 1,250 1,254 Option One Mortgage Loan Trust, Ser 2006-1, Cl M10 (D) (F) 7.850%, 01/25/36 230 201 Option One Mortgage Loan Trust, Ser 2006-1, Cl M11 (D) (F) 7.850%, 01/25/36 500 473 Residential Accredit Loans, Ser 2005-Q05, Cl M3 (D) 6.150%, 01/25/46 1,297 1,316 Residential Accredit Loans, Ser 2005-QA3, Cl NB2 (D) 5.267%, 03/25/35 5,860 5,853 Residential Accredit Loans, Ser 2006-Q01, Cl 2A3 (D) 5.750%, 02/25/46 904 910 Residential Asset Mortgage Products, Ser 2003-RS11, Cl MII1 (D) 6.080%, 12/25/33 188 189 Residential Asset Securities, Ser 2006-EMX2, Cl A1 (D) 5.400%, 02/25/36 5,262 5,264 Residential Asset Securities, Ser 2006-KS2, Cl A1 (D) (K) 5.420%, 03/25/36 8,980 8,980 Residential Asset Securitization Trust, Ser 2004-IP2, Cl 3A1 (D) 5.274%, 12/25/34 6,060 6,062 Resmae Mortgage Loan Trust, Ser 2006-1, Cl A2A (D) (F) 5.450%, 02/25/36 4,901 4,900 Resmae Mortgage Loan Trust, Ser 2006-1, Cl A2B (D) (F) 5.500%, 02/25/36 4,800 4,801 SB Finance NIM Trust, Ser 2006- KS4N, Cl N1 (F) 7.500%, 06/25/36 373 372 Sharps SP I LLC NIM Trust, Ser 2005-HE3N, Cl N (F) 5.000%, 05/25/35 648 647 Structured Adjustable Rate Mortgage Loan, Ser 2005-16 XS, Cl M2 (D) 6.250%, 08/25/35 775 780 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Structured Asset Investment Loan Trust, Ser 2005-1, Cl A4 (D) (F) 5.580%, 02/25/35 2,369 $ 2,371 Structured Asset Investment Loan Trust, Ser 2005-8, Cl A2 (D) 5.480%, 10/25/35 1,393 1,394 Structured Asset Securities, Ser 2005-NC1, Cl A2 (G) 3.920%, 02/25/35 442 440 Terwin Mortgage Trust, Ser 2006-5, Cl 1A2A (D) (F) (K) 5.410%, 06/25/36 14,023 14,023 Terwin Mortgage Trust, Ser 2006-6, Cl 2A1 (D) 4.500%, 06/25/36 2,124 2,108 Wachovia Asset Securization, Ser 2004-HM1A, Cl A (C) (D) (F) 5.340%, 11/25/34 7,530 7,530 Wells Fargo Home Equity Trust, Ser 2004-2, Cl A12 (D) 3.450%, 06/25/19 1,496 1,489 Wells Fargo Mortgage Backed Securities Trust, Ser 2004-I, Cl B1 (D) 3.365%, 07/25/34 683 683 ------------- Total Asset-Backed Securities (Cost $318,656) ($ Thousands) 319,258 ------------- U.S. GOVERNMENT AGENCY MORTGAGE-BACKED OBLIGATIONS -- 8.3% FHLMC (D) 5.815%, 02/01/36 1,375 1,388 5.572%, 10/01/35 2,396 2,396 FHLMC 15 Year TBA 6.000%, 01/01/19 16,000 16,210 FNMA 5.524%, 01/01/36 (D) 2,392 2,398 5.500%, 12/01/20 to 03/01/21 27,460 27,456 FNMA 15 Year TBA 6.000%, 01/01/20 20,000 20,275 5.500%, 01/01/19 to 01/01/21 53,866 53,849 5.000%, 01/01/19 139,000 136,611 FNMA 30 Year TBA 6.500%, 01/01/37 15,000 15,281 5.500%, 01/01/37 8,000 7,905 GNMA 5.625%, 02/20/34 (D) 2,134 2,135 5.500%, 06/20/34 (D) 4,880 4,920 5.250%, 01/20/30 (D) 610 613 5.000%, 02/20/33 (D) 931 931 5.000%, 02/20/35 (D) (I) 299 299 4.500%, 08/20/34 to 03/20/36 (D) (I) 2,565 2,561 4.500%, 06/20/36 (D) 3,046 3,036 4.375%, 06/20/33 (D) (I) 2,091 2,104 4.000%, 07/20/35 (D) 1,321 1,322 4.000%, 02/20/36 (D) (I) 1,283 1,274 3.750%, 02/20/34 (D) 8,072 7,966 3.000%, 04/20/35 (D) (I) 2,279 2,244 ------------- Total U.S. Government Agency Mortgage-Backed Obligations (Cost $313,990) ($ Thousands) 313,174 ------------- - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- CORPORATE OBLIGATIONS -- 7.7% Aetna 5.750%, 06/15/11 1,520 $ 1,543 Banco Santander (C) (D) (F) 5.350%, 08/22/11 23,000 23,000 Beta Finance MTN (C) (D) (F) 5.357%, 05/10/07 33,000 32,998 Cheyne Finance LLC MTN (C) (D) (F) 5.362%, 04/16/07 20,000 19,999 Cit Group 5.000%, 02/13/14 2,030 1,962 Comcast 5.300%, 01/15/14 1,035 1,014 Cox Communications 4.625%, 06/01/13 1,520 1,430 Credit Suisse First Boston USA 6.500%, 01/15/12 1,015 1,067 Dominion Resources 4.750%, 12/15/10 1,015 992 Embarq 6.738%, 06/01/13 760 778 Exelon Generation 6.950%, 06/15/11 1,520 1,601 Genworth Financial 5.750%, 06/15/14 1,520 1,549 Goldman Sachs 5.500%, 11/15/14 3,045 3,051 HSBC Finance 6.375%, 10/15/11 1,520 1,589 Istar Financial 5.875%, 03/15/16 1,015 1,006 JPMorgan Chase 5.125%, 09/15/14 1,520 1,495 K2 LLC MTN (C) (D) (F) 5.357%, 05/21/07 10,000 9,999 5.315%, 04/18/07 9,500 9,500 Kinder Morgan Energy Partners 5.000%, 12/15/13 1,520 1,445 Lehman Brothers Holdings 5.500%, 04/04/16 1,520 1,520 Liberty Lighthouse US Capital MTN (C) (D) (F) 5.329%, 03/01/07 20,000 19,999 Links Finance LLC MTN (C) (D) (F) 5.357%, 05/21/07 30,000 29,999 Merrill Lynch 6.050%, 05/16/16 1,520 1,573 Morgan Stanley 4.750%, 04/01/14 1,520 1,453 Natexis Banques (C) (D) 5.350%, 02/01/07 38,000 38,000 Omnicon Group 5.900%, 04/15/16 845 854 Premier Asset Collateralization LLC MTN (C) (D) (F) 5.330%, 04/25/07 25,000 25,000 Residential Capital 6.875%, 06/30/15 265 275 6.500%, 04/17/13 3,990 4,044 6.000%, 02/22/11 700 699 Shinsei Finance Cayman (D) (F) 6.418%, 01/29/49 1,740 1,738 Sigma Finance MTN (C) (D) (F) 5.310%, 04/18/07 20,000 20,000 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1)/Shares ($ Thousands) - -------------------------------------------------------------------------------- Simon Property Group 5.750%, 12/01/15 1,015 $ 1,030 5.600%, 09/01/11 795 801 Teva Pharmaceutical 5.550%, 02/01/16 1,520 1,486 Time Warner 6.875%, 05/01/12 1,520 1,606 Wachovia 5.300%, 10/15/11 2,485 2,484 4.875%, 02/15/14 1,015 978 Wachovia Bank (C) (D) 5.363%, 05/22/07 20,000 20,000 Washington Mutual Preferred Funding (D) (F) 6.534%, 03/15/49 1,900 1,878 Wellpoint 6.800%, 08/01/12 1,015 1,077 ------------- Total Corporate Obligations (Cost $291,465) ($ Thousands) 292,512 ------------- U.S. GOVERNMENT AGENCY OBLIGATIONS -- 1.1% FHLMC CMO STRIPS, Ser 232, Cl IO, IO 5.000%, 08/01/35 9,131 2,184 FHLMC CMO STRIPS, Ser 233, Cl 12, IO 5.000%, 09/15/35 4,955 1,277 FHLMC DN (H) 5.213%, 02/06/07 15,100 15,027 5.191%, 04/17/07 375 369 5.180%, 03/30/07 550 543 1.150%, 07/02/03 1,000 975 FNMA CMO STRIPS, Ser 2006-10, Cl FD 5.700%, 03/25/36 6,549 6,567 FNMA CMO STRIPS, Ser 359, Cl 6, IO 5.000%, 11/01/35 2,008 467 FNMA CMO STRIPS, Ser 360, Cl 2, IO 5.000%, 08/01/35 29,036 6,965 FNMA CMO STRIPS, Ser 365, Cl 2, IO 5.000%, 03/01/36 1,814 437 FNMA CMO STRIPS, Ser 377, Cl 2, IO 5.000%, 10/01/36 4,254 1,038 FNMA DN 6.030%, 02/02/95 (H) 1,220 1,215 5.235%, 07/02/07 (H) 475 463 5.205%, 03/30/07 (A) (H) 1,025 1,012 5.160%, 02/07/07 (A) (H) 1,425 1,418 4.680%, 06/01/99 (A) (H) 200 196 1.240%, 02/06/03 (H) 2,450 2,438 ------------- Total U.S. Government Agency Obligations (Cost $42,574) ($ Thousands) 42,591 ------------- PREFERRED STOCK -- 0.3% AUSTRALIA -- 0.0% News 44,855 968 ------------- BRAZIL -- 0.2% Petroleo Brasileiro 177,500 4,140 - -------------------------------------------------------------------------------- Shares/Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Usinas Siderurgicas de Minas Gerais, Cl A 54,200 $ 2,044 ------------- 6,184 ------------- GERMANY -- 0.1% Porsche 572 727 ProSiebenSat.1 Media (B) 136,200 4,463 Volkswagen (B) 4,155 310 ------------- 5,500 ------------- Total Preferred Stock (Cost $7,197) ($ Thousands) 12,652 ------------- EXCHANGE TRADED FUNDS -- 0.0% UNITED STATES -- 0.0% iShares MSCI EAFE Index Fund* 900 66 ------------- Total Exchange Traded Funds (Cost $62) ($ Thousands) 66 ------------- EQUITY LINKED WARRANTS -- 0.4% TAIWAN -- 0.3% HON HAI Precision Industry* 1,545 11,024 ------------- THAILAND -- 0.1% High Tech Computer* 251 4,976 ------------- Total Equity Linked Warrants (Cost $10,214) ($ Thousands) 16,000 ------------- COMMERCIAL PAPER (C)(E) -- 6.4% Atlas Capital Funding 5.386%, 01/03/07 8,000 7,998 5.330%, 02/12/07 30,000 30,000 Bavaria TRR 5.403%, 01/12/07 38,000 37,937 Brahms Funding 5.349%, 01/25/07 30,000 29,894 Broadhollow Funding 5.370%, 01/12/07 12,000 11,980 5.324%, 01/12/07 25,000 24,960 Giro Balanced Funding 5.324%, 01/11/07 12,000 11,982 Mint II LLC 5.358%, 01/30/07 12,000 11,949 Morrigan TRR Funding LLC 5.371%, 01/16/07 30,000 29,933 Stratford Receivables 5.379%, 01/23/07 4,000 3,987 5.338%, 01/05/07 3,000 2,998 Von Karman Funding 5.411%, 01/05/07 38,000 37,977 ------------- Total Commercial Paper (Cost $241,595) ($ Thousands) 241,595 ------------- CASH EQUIVALENTS** -- 2.2% SEI Daily Income Trust, Prime Obligation Fund, Cl A, 5.350% ++ 70,988,026 70,988 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Shares/Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- The Reserve Funds, Primary Fund, Cl 8, 5.240% (C) 13,212,901 $ 13,213 ------------- Total Cash Equivalents (Cost $84,201) ($ Thousands) 84,201 ------------- U.S. TREASURY OBLIGATIONS(E) -- 0.9% U.S. Treasury Bills 4.999%, 01/18/07 1,350 1,348 4.946%, 03/08/07 5,650 5,601 4.942%, 02/22/07 7,669 7,618 4.908%, 03/15/07 200 198 U.S. Treasury Inflationary Index Notes 2.375%, 04/15/11 19,898 19,819 ------------- Total U.S. Treasury Obligations (Cost $34,671) ($ Thousands) 34,584 ------------- Number of Rights --------------- RIGHTS -- 0.0% HONG KONG -- 0.0% Henderson Land Development, Expires 12/21/06* 54 -- ------------- Total Rights (Cost $0) ($ Thousands) -- ------------- REPURCHASE AGREEMENTS (C)(J) -- 8.0% Banc of America 5.300%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $50,029,444 (collateralized by a U.S. Government Obligation, par value $63,622,756, 5.000%, 07/01/35; with total market value $51,000,000) 50,000 50,000 Deutsche Bank 5.300%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $102,060,067 (collateralized by various U.S. Government Obligations, ranging in par value $54,594-$16,878,901, 4.000%-7.000%, 08/01/10-10/01/36; with total market value $104,040,001) 102,000 102,000 Lehman Brothers 5.300%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $55,032,389 (collateralized by various U.S. Government Obligations, ranging in par value $1,445,000-$3,923,031, 4.500%-8.000%, 08/01/18-01/01/37; with total market value $56,101,149) 55,000 55,000 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Merrill Lynch 5.320%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $94,055,564 (collateralized by various U.S. Government Obligations, ranging in par value $2,135,000-$14,034,504, 0.000%, 11/01/32-08/01/36; with total market value $95,880,642) 94,000 $ 94,000 ------------- Total Repurchase Agreements (Cost $301,000) ($ Thousands) 301,000 ------------- Total Investments -- 127.3% (Cost $4,070,545) ($ Thousands)+++ $ 4,813,645 ============= - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 Forward Foreign Currency Contracts -- A summary of the outstanding forward foreign currency contracts held by the Fund at December 31, 2006, is as follows: - -------------------------------------------------------------------------------- UNREALIZED CURRENCY CURRENCY APPRECIATION SETTELMENT TO DELIVER TO RECEIVE (DEPRECIATION) DATE (THOUSANDS) (THOUSANDS) ($ THOUSANDS) - -------------------------------------------------------------------------------- 1/2/07 USD 1,540 ZAR 10,803 $ (7) 1/22/07 CAD 88,874 USD 76,881 451 1/22/07 EUR 53,072 USD 69,999 (47) 1/22/07 EUR 6,802 CHF 10,831 (87) 1/22/07 GBP 7,409 USD 14,573 72 1/22/07 HKD 236,478 USD 30,447 14 1/22/07 MXP 265,487 USD 24,493 (9) 1/22/07 SGD 9,695 USD 6,287 (39) 1/22/07 USD 245,311 GBP 125,401 128 1/22/07 USD 6,609 HKD 51,314 (6) 1/22/07 USD 91,612 AUD 117,217 713 1/22/07 USD 3,196 DKK 18,178 22 1/22/07 USD 133,536 EUR 101,896 950 1/22/07 USD 6,947 NOK 43,173 (5) 1/22/07 USD 34,383 SEK 236,546 237 1/22/07 USD 3,571 SGD 5,517 29 1/22/07 ZAR 95,120 USD 13,466 (7) 1/23/07 NZD 872 USD 603 (11) 1/23/07 USD 626 NZD 908 14 1/22/07-2/21/07 GBP 8,016 JPY 1,782,000 (664) 1/22/07-4/24/07 USD 114,305 CHF 139,850 742 1/22/07-4/24/07 USD 228,220 JPY 26,621,633 (3,684) 1/22/07-5/22/07 JPY 13,443,000 USD 116,470 2,541 1/22/07-6/21/07 CHF 84,800 USD 69,174 (864) 1/22/07-6/21/07 CHF 104,100 GBP 44,574 1,274 1/22/07-6/21/07 GBP 24,518 CHF 57,000 (885) 1/22/07-6/21/07 JPY 6,265,000 GBP 28,500 2,585 1/23/07-5/22/07 NZD 94,513 JPY 7,187,000 (5,315) 1/23/07-6/21/07 JPY 11,674,000 NZD 153,239 8,219 -------------- $ 6,361 ============== - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 Futures -- A summary of the open futures contracts held by the Fund at December 31, 2006, is as follows: - -------------------------------------------------------------------------------- UNREALIZED APPRECIATION TYPE OF NUMBER OF EXPIRATION (DEPRECIATION) CONTRACT CONTRACTS DATE ($ THOUSANDS) - -------------------------------------------------------------------------------- U.S. Long Treasury Bond (29) Mar-2007 $ 63 U.S. 5-Year Note (419) Mar-2007 297 U.S. 2-Year Note (7) Mar-2007 5 U.S. 10-Year Note (102) Mar-2007 94 Amsterdam Exchange Index 169 Jan-2007 552 CAC40 10 Euro 604 Jan-2007 667 DAX Index 176 Mar-2007 705 DJ Euro Stoxx 50 Index 891 Mar-2007 910 FTSE 100 Index 1,164 Mar-2007 910 Hang Seng Index 87 Jan-2007 413 IBEX 35 Index 98 Jan-2007 (96) MSCI Singapore Index 91 Jan-2007 127 Nikkei 225 Index 16 Mar-2007 63 OMX Index 1,359 Jan-2007 459 S&P/MIB Index 87 Mar-2007 286 SPI 200 Index 320 Mar-2007 519 Topix Index 903 Mar-2007 5,907 90-Day Euro$ (161) Mar-2007 55 90-Day Euro$ (161) Mar-2008 (39) 90-Day Euro$ (127) Mar-2009 (85) 90-Day Euro$ (125) Mar-2010 (78) 90-Day Euro$ (96) Mar-2011 (95) 90-Day Euro$ (235) Jun-2007 29 90-Day Euro$ (143) Jun-2008 (36) 90-Day Euro$ (127) Jun-2009 (83) 90-Day Euro$ (148) Jun-2010 (101) 90-Day Euro$ 28 Jun-2011 (12) 90-Day Euro$ (161) Sep-2007 24 90-Day Euro$ (161) Sep-2008 (72) 90-Day Euro$ (127) Sep-2009 (82) 90-Day Euro$ (145) Sep-2010 (97) 90-Day Euro$ 34 Sep-2011 (11) 90-Day Euro$ 125 Dec-2007 15 90-Day Euro$ (413) Dec-2008 (156) 90-Day Euro$ (127) Dec-2009 (82) 90-Day Euro$ (128) Dec-2010 (106) -------------- $ 10,869 ============== - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 Swaps -- A summary of outstanding swap agreements held by the Fund at December 31, 2006, is as follows:
- ------------------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN SWAPS - ------------------------------------------------------------------------------------------------------------------------------------ UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE (THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Receive payment on the monthly reset spread from Banc of America - CMBS AAA10Yr Index plus 15 basis points times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Bank of America) 02/28/07 55,000 $ 113 Receive payment on the monthly reset spread from Banc of America - CMBS AAA10Yr Index plus 15 basis points times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Bank of America) 01/31/07 85,000 175 Receive payment on the monthly reset spread from Banc of America - CMBS AAA10Yr Index plus 15 basis points times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Bank of America) 03/31/07 28,000 58 Receive payment on the monthly reset spread from Banc of America - CMBS AAA10Yr Index plus 15 basis points times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Bank of America) 07/01/07 5,000 10 Receive payment on the monthly reset spread from Banc of America - CMBS IG 10Yr Index plus 15 basis points times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Bank of America) 05/01/07 15,000 27 Receive payment on the monthly reset spread from Lehman Brothers - CMBS AAA 8.5 Plus Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Bank of America) 06/30/07 8,000 12 Receive payment on the monthly reset spread from Lehman Brothers - CMBS AAA10YR Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Bank of America) 03/01/07 50,000 2
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006
UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE (THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Receive payment on the monthly reset spread from Swiss Market Index - CHF 3M RTI Libor plus 32bps. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: JPMorgan Chase) 01/12/07 33,348 630 - ------------------------------------------------------------------------------------------------------------------------------------ $ 1,027 ==================================================================================================================================== Credit Default Swaps - ------------------------------------------------------------------------------------------------------------------------------------ Fund receives quarterly payment of 0.1350% (0.540% per annum) times the notional amount of the ABX.HE.A Index. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Bank of America) 07/25/45 (21,500) $ 20 Fund receives quarterly payment of 0.1350% (0.540% per annum) times the notional amount of the ABX.HE.A Index. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Bank of America) 07/25/45 (23,500) (10) Fund pays quarterly payment of 0.0875% (0.350% per annum) times the notional amount of Alcan, Inc., 4.875%, 09/15/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/13 2,500 (1) Fund pays quarterly payment of 0.1150% (0.460% per annum) times the notional amount of Autozone, Inc., 5.875%, 10/15/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 (8) Fund pays quarterly payment of 0.1375% (0.550% per annum) times the notional amount of Black & Decker Corp., 7.125%, 06/01/11. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 (7) Fund pays quarterly payment of 0.1000% (0.400% per annum) times the notional amount of CDX.NA.IG., Series 7 Index. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 45,900 346 Fund pays quarterly payment of 0.1113% (0.445% per annum) times the notional amount of Darden Restaurants, Inc.., 7.125%, 02/01/16. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 (5)
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006
UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE (THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Fund pays quarterly payment of 0.1063% (0.425% per annum) times the notional amount of Eastman Chemical Co., 7.600%, 02/01/27. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 (5) Fund pays quarterly payment of 0.2950% (1.180% per annum) times the notional amount of Gap, Inc., 9.000%, 12/15/08. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 3 Fund pays quarterly payment of 0.0975% (0.390% per annum) times the notional amount of Johnson Controls, Inc., 7.125%, 07/15/07. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/13 2,500 19 Fund pays quarterly payment of 0.0975% (0.390% per annum) times the notional amount of Johnson Controls, Inc., 7.125%, 07/15/07. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 3 Fund pays quarterly payment of 0.1188% (0.475% per annum) times the notional amount of Ltd. Brands, Inc., 6.125%, 12/01/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 (2) Fund pays quarterly payment of 0.1825% (0.730% per annum) times the notional amount of Masco Corp., 5.875%, 07/15/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/13 2,500 (23) Fund pays quarterly payment of 0.1188% (0.475% per annum) times the notional amount of MeadWestvaco, 6.850%, 04/01/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 (2) Fund pays quarterly payment of 0.0875% (0.350% per annum) times the notional amount of MGIC Investment Corp., 6.000%, 03/15/07. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/13 2,500 13 Fund pays quarterly payment of 0.0550% (0.220% per annum) times the notional amount of Nucor Corp., 4.875%, 10/01/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 (7)
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006
UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE (THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Fund pays quarterly payment of 0.0875% (0.350% per annum) times the notional amount of PMI Group, Inc., 6.000%, 09/15/16. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/13 2,500 (2) Fund pays quarterly payment of 0.0875% (0.350% per annum) times the notional amount of Radian Group, Inc., 7.750%, 06/01/11. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/13 2,500 (3) Fund pays quarterly payment of 0.0475% (0.190% per annum) times the notional amount of TJX Cos, Inc., 7.450%, 12/15/09. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 (5) Fund pays quarterly payment of 0.1125% (0.450% per annum) times the notional amount of Weyerhaeuser, 6.750%, 03/15/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Bank of America) 12/20/11 2,500 3 Fund pays quarterly payment of 0.0850% (0.340% per annum) times the notional amount of Agrium, Inc., 8.250%, 02/15/11. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 (3) Fund pays quarterly payment of 0.1150% (0.460% per annum) times the notional amount of Autozone, Inc., 5.875%, 10/15/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 (4) Fund pays quarterly payment of 0.1375% (0.550% per annum) times the notional amount of Black & Decker Corp., 7.125%, 06/01/11. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 (19) Fund pays quarterly payment of 0.0650% (0.260% per annum) times the notional amount of Dow Chemical Co., 6.000%, 10/01/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/13 2,500 7 Fund pays quarterly payment of 0.2950% (1.180% per annum) times the notional amount of Gap, Inc., 9.000%, 12/15/08. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 (3)
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006
UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE (THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Fund pays quarterly payment of 0.0975% (0.390% per annum) times the notional amount of Hasbro, Inc., 2.750%, 12/01/21. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 -- Fund pays quarterly payment of 0.1925% (0.770% per annum) times the notional amount of Jones Apparel Group, Inc., 5.125%, 11/15/14. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 (2) Fund pays quarterly payment of 0.0700% (0.280% per annum) times the notional amount of Nordstrom, Inc., 6.950%, 03/15/28. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/13 2,500 (2) Fund pays quarterly payment of 0.1125% (0.450% per annum) times the notional amount of Lubrizol Corp., 7.250%, 06/15/25. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 (2) Fund pays quarterly payment of 0.0875% (0.350% per annum) times the notional amount of MGIC Investment Corp., 6.000%, 03/15/07. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/13 2,500 7 Fund pays quarterly payment of 0.0550% (0.220% per annum) times the notional amount of Nucor Corp., 4.875%, 10/01/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 7 Fund pays quarterly payment of 0.0875% (0.350% per annum) times the notional amount of PMI Group, Inc., 6.000%, 09/15/16. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/13 2,500 (2) Fund pays quarterly payment of 0.0875% (0.350% per annum) times the notional amount of PPG Industries, Inc., 7.050%, 08/15/09. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 (5) Fund pays quarterly payment of 0.0975% (0.390% per annum) times the notional amount of Radian Group, Inc., 7.750%, 06/01/11. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/13 2,500 (3)
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006
UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE (THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Fund pays quarterly payment of 0.0675% (0.270% per annum) times the notional amount of Southwest Airlines Co., 6.500%, 03/01/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 (1) Fund pays quarterly payment of 0.0845% (0.340% per annum) times the notional amount of Whirlpool Corp., 7.750%, 07/15/16. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: JPMorgan Chase) 12/20/11 2,500 (2) Fund pays quarterly payment of 0.1000% (0.400% per annum) times the notional amount of CDX.NA.IG., Series 7 Index. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Merrill Lynch) 12/20/11 45,900 311 Fund pays quarterly payment of 0.1000% (0.400% per annum) times the notional amount of CDX.NA.IG., Series 7 Index. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Merrill Lynch) 12/20/11 12,700 98 Fund pays quarterly payment of 0.0650% (0.260% per annum) times the notional amount of Dow Chemical Co., 6.000%, 10/01/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Merrill Lynch) 12/20/13 2,500 (6) Fund pays quarterly payment of 0.0325% (0.130% per annum) times the notional amount of Lowe's Cos., 8.250%, 06/01/10. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Merrill Lynch) 12/20/11 2,500 6 Fund pays quarterly payment of 0.0700% (0.280% per annum) times the notional amount of Nordstrom, Inc., 6.950%, 03/15/28. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Merrill Lynch) 12/20/13 2,500 (1) Fund pays quarterly payment of 0.1125% (0.450% per annum) times the notional amount of Lubrizol Corp., 7.250%, 06/15/25. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Merrill Lynch) 12/20/11 2,500 (10) Fund pays quarterly payment of 0.2250% (0.900% per annum) times the notional amount of MDZ Holdings, Inc., 5.500%, 05/15/13. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Merrill Lynch) 12/20/11 2,500 (2)
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006
UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE (THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Fund pays quarterly payment of 0.1725% (0.690% per annum) times the notional amount of RR Donnelly & Sons Co., 4.950%, 04/01/14. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Merrill Lynch) 12/20/11 2,500 (6) Fund pays quarterly payment of 0.0675% (0.270% per annum) times the notional amount of Southwest Airlines Co., 6.500%, 03/01/12. Upon a defined credit event, Fund will receive the notional amount and deliver the defined obligation. (Counterparty: Merrill Lynch) 12/20/11 2,500 (1) - ------------------------------------------------------------------------------------------------------------------------------------ $ 689 ====================================================================================================================================
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Equity Fund December 31, 2006 Percentages are based on Net Assets of $3,782,295 ($ Thousands). * Non-Income Producing Security ** Rate shown is the 7-day effective yield as of December 31, 2006. + Real Estate Investments Trust ++ Pursuant to an exemptive order issued by the Securities and Exchange Commission, the Fund may invest in the SEI money market funds, provided that investments in the money market funds do not exceed 25% of the Fund's total assets. (1) In U.S. dollars unless otherwise indicated. (A) Security, or portion thereof, has been pledged as collateral on open future contracts and written options. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (B) This security or a partial position of this security is on loan at December 31, 2006. The total value of securities on loan at December 31, 2006 was $793,830 ($ Thousands). (C) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2006 was $840,510 ($ Thousands). (D) Variable Rate Security -- The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2006. (E) The rate reported is the effective yield at time of purchase. (F) This security was sold within terms of a 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". These securities have been determined to be liquid under guidelines established by the Board of Trustees. (G) Step Bonds -- The rate reflected on the Schedule of Investments is the effective yield on December 31, 2006. The coupon on a step bond changes on a specified date. (H) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (I) Security, or portion of this security, has been pledged as collateral on open swap contracts. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (J) Tri-Party Repurchase Agreement. (K) Security, or a portion of this security, has been pledged as collateral on reverse repurchase agreements. (L) Securities are fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. As of December 31, 2006, the total value of these securities was $1,710 ($ Thousands), representing 0.04% of net assets. ADR -- American Depositary Receipt AUD -- Australian Dollar CAD -- Canadian Dollar CHF -- Swiss Franc Cl -- Class CMBS -- Commercial Mortgage-Backed Securities CMO -- Collateralized Mortgage Obligation DKK -- Danish Krone DN -- Discount Note EUR -- Euro FDR -- Fiduciary Depositary Receipt FHLMC -- Federal Home Loan Mortgage Corporation FNMA -- Federal National Mortgage Association GBP -- British Pound Sterling GDR -- Global Depositary Receipt GNMA -- Government National Mortgage Association HKD -- Hong Kong Dollar IO -- Interest Only Security -- face amount represents notional amount JPY -- Japanese Yen LIBOR -- London InterBank Offering Rate LLC -- Limited Liability Company MTN -- Medium Term Note MXP -- Mexican Peso NIM -- Net Interest Margin NOK -- Norwegian Krone NZD -- New Zealand Dollar SEK -- Swedish Krona Ser -- Series SGD -- Singapore Dollar STRIPS -- Separately Traded Registered Interest and Principal Securities TBA -- To Be Announced USD -- U.S. Dollar ZAR -- South African Rand +++ At December 31, 2006, the tax basis cost of the Fund's total investments was $4,070,545 ($ Thousands), and the unrealized appreciation and depreciation were $763,897 ($ Thousands) and $(20,797) ($ Thousands), respectively. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. Amounts designated as "--" are $0 or have been rounded to $0. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- COMMON STOCK -- 93.3% ARGENTINA -- 0.2% IRSA Inversiones y Representaciones GDR (B)* 101,000 $ 1,708 Petrobas Energia Participaciones ADR* 55,800 680 ------------- 2,388 ------------- BAHRAIN -- 0.1% Investcorp Bank GDR* 53,713 1,423 ------------- BERMUDA -- 0.1% Credicorp 25,700 1,052 ------------- BRAZIL -- 8.0% All America Latina Logistica 170,000 1,765 Aracruz Celulose ADR 16,043 982 Arcelor Brasil 120,767 2,376 Banco Bradesco ADR 73,800 2,978 Banco Itau Holding Financeira ADR 53,380 1,930 Brasil Ecodiesel Industria e Comercio de Biocombus* 154,300 853 Brasil Telecom Participacoes ADR 72,720 3,104 Braskem ADR (B) 43,400 633 Centrais Eletricas Brasileiras 25,450,900 609 Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR 228,950 7,823 Cia de Bebidas das Americas ADR 2,000 98 Cia de Saneamento Basico do Estado de Sao Paulo 6,387,300 877 Cia Energetica de Minas Gerais ADR* 114,900 5,538 Cia Paranaense de Energia 23,000 253 Cia Siderurgica Nacional* 9,900 299 Cia Vale do Rio Doce ADR 194,700 5,790 CPFL Energia ADR (B) 26,100 1,070 Cyrela Brazil Realty 200,000 1,910 Empresa Brasileira de Aeronautica ADR 51,230 2,123 Gol Linhas Aereas Inteligentes ADR 5,900 169 Grendene 185,600 1,995 Localiza Rent A CAR 27,200 819 Lojas Renner 138,000 1,984 Petroleo Brasileiro ADR (B) 162,917 16,779 Petroleo Brasileiro ADR 202,270 18,763 Positivo Informatica* 29,400 317 Rossi Residencial 100,000 1,279 Santos-Brasil* 127,181 1,608 Submarino 76,000 2,491 Tele Norte Leste Participacoes 32,592 850 Tele Norte Leste Participacoes ADR (B) 277,490 4,140 Tim Participacoes ADR 205,700 7,121 Uniao de Bancos Brasileiros ADR 169,550 15,761 Vivo Participacoes ADR (B) 1,021,700 4,189 Votorantim Celulose e Papel ADR 59,600 1,169 ------------- 120,445 ------------- CANADA -- 0.0% SXR Uranium One* 11,700 161 ------------- CHILE -- 1.5% Banco Santander Chile ADR 43,300 2,085 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Centros Comerciales Sudamericanos 1,618,749 $ 5,064 Cervecerias Unidas ADR 9,100 270 Cia Cervecerias Unidas ADR 9,777 290 CorpBanca 421,448,900 2,229 Empresa Nacional de Electricidad ADR 148,700 5,465 Empresas CMPC 30,500 1,026 Empresas COPEC* 168,211 2,155 Enersis ADR 103,222 1,652 Masisa 1,251,060 250 Masisa ADR 35,700 368 Sonda* 132,568 160 United Breweries 356,960 2,123 ------------- 23,137 ------------- CHINA -- 5.5% Baidu.com ADR* 1,000 113 Bank of China* 2,887,000 1,585 China Coal Energy* 405,000 263 China Communications Construction* 375,000 371 China Construction Bank (A) (B) 18,917,000 12,040 China Petroleum & Chemical, Cl H (B) 8,934,000 8,271 China Shenhua Energy (B) 1,470,000 3,538 China Shipping Development (B) 4,224,000 6,463 China Telecom (B) 16,976,000 9,299 China Yurun Food Group (B) 4,774,000 4,401 Ctrip.com International ADR 6,000 375 Huadian Power International (B) 5,211,400 2,051 Huaneng Power International (B) 2,594,800 2,319 Industrial & Commercial Bank of China, Cl H 11,540,820 7,167 Mindray Medical International ADR* 51,300 1,227 PetroChina, Cl H (B) 8,212,000 11,636 Sinotrans (B) 5,381,000 1,944 Weiqiao Textile (B) 2,084,400 2,809 Yanzhou Coal Mining (B) 8,562,900 6,914 ------------- 82,786 ------------- COLOMBIA -- 0.3% BanColombia ADR 153,601 4,785 ------------ CZECH REPUBLIC -- 0.8% CEZ 189,200 8,701 Komercni Banka 26,760 3,973 ------------ 12,674 ------------ EGYPT -- 0.8% Commercial International Bank GDR 244,650 2,479 Mobinil-Egyptian Mobile Services 25,537 811 Orascom Construction Industries 85,865 4,093 Orascom Construction Industries GDR (A) 12,483 1,196 Orascom Telecom Holding 32,517 2,135 Orascom Telecom Holding GDR 16,734 1,104 ------------ 11,818 ------------ HONG KONG -- 5.4% ASM Pacific Technology (B) 404,500 2,252 Brilliance China Automotive Holdings (B) 4,645,000 788 China Mengniu Dairy 3,939,000 10,357 China Merchants Bank 476,895 1,011 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- China Mobile Hong Kong (B) 3,333,000 $ 28,799 China Overseas Land & Investment (B) 4,724,000 6,341 CNOOC (B) 7,475,500 7,103 Cosco Pacific (B) 2,158,000 5,067 Denway Motors (B) 7,958,000 3,223 Giordano International (B) 1,928,000 1,054 Global Bio-Chem Technology Group (B) 3,655,500 1,232 GOME Electrical Appliances Holdings 5,238,000 4,108 Johnson Electric Holdings (B) 2,489,500 1,706 Li & Fung (B) 358,000 1,114 Parkson Retail Group 26,500 131 Samson Holding 1,316,000 728 Shanghai Industrial Holdings (B) 1,313,000 2,796 Shanghai Jin Jiang International Hotels Group* 88,314 42 Texwinca Holdings 1,794,600 1,244 TPV Technology 826,000 523 Yue Yuen Industrial Holdings (B) 596,500 1,894 ------------- 81,513 ------------- HUNGARY -- 0.9% Gedeon Richter 22,388 5,101 Magyar Telekom 579,658 3,217 MOL Hungarian Oil & Gas 11,916 1,350 OTP Bank 43,681 2,005 OTP Bank GDR 20,527 1,882 ------------- 13,555 ------------- INDIA -- 8.5% Andhra Bank 248,433 486 Bharat Heavy Electricals 92,507 4,803 Bharat Petroleum 389,293 2,962 Bharti Televentures* 1,418,468 20,154 GAIL India 216,932 1,282 GAIL India GDR (A) 20,100 713 Hero Honda Motors 9,500 164 Hindalco Industries 1,044,526 4,109 Hindalco Industries GDR (A) (B) 705,900 2,845 Hindalco Industries GDR (A) 104,600 290 Hindustan Lever 392,000 1,918 Hindustan Petroleum 464,510 2,922 Housing Development Finance 67,499 2,477 ICICI Bank 164,112 3,301 ICICI Bank ADR 37,000 1,544 Infosys Technologies 278,450 14,095 ITC 952,512 3,787 Jet Airways India 42,360 589 Larsen & Toubro 89,358 2,913 Mahanagar Telephone Nigam 538,470 1,738 Mahanagar Telephone Nigam ADR 83,750 533 Mahindra & Mahindra 145,680 2,982 Maruti Udyog 190,091 3,983 Oil & Natural Gas 183,760 3,617 Punjab National Bank 74,097 849 Ranbaxy Laboratories 549,958 4,869 Reliance Communication Ventures* 134,947 1,437 Reliance Energy 67,490 793 Reliance Industries 96,422 2,767 Reliance Industries GDR 42,125 2,422 Satyam Computer Services 373,704 4,086 Siemens India 201,443 5,163 State Bank of India GDR 3,400 253 State Bank of India GDR (A) 64,400 4,791 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- State Bank of India GDR 9,041 $ 673 Tata Motors 676,036 13,751 Tata Motors ADR (B) 7,600 155 Tata Steel 91,880 1,001 ------------- 127,217 ------------- INDONESIA -- 2.6% Astra International 1,733,000 3,028 Bank Central Asia 5,912,500 3,425 Bank Mandiri Persero 25,457,500 8,249 Bank Rakyat Indonesia 2,586,000 1,483 Gudang Garam 1,685,600 1,916 Indofood Sukses Makmur 868,100 131 Indosat 2,176,000 1,651 Medco Energi Internasional 7,555,200 2,985 Telekomunikasi Indonesia 14,449,000 16,285 ------------- 39,153 ------------- ISRAEL -- 2.0% Bank Hapoalim 1,460,381 6,813 Bank Leumi Le-Israel 446,900 1,804 Bezeq Israeli Telecommunication 3,853,166 6,220 Check Point Software Technologies* 81,700 1,791 Makhteshim-Agan Industries 36,020 203 Super-Sol 92,110 350 Taro Pharmaceuticals Industries (B) 78,100 781 Teva Pharmaceutical Industries ADR 368,086 11,440 ------------- 29,402 ------------- KAZAKHSTAN -- 0.1% Kazkommertsbank* 74,012 1,710 ------------- LUXEMBOURG -- 0.2% Tenaris ADR 57,000 2,844 Ternium ADR* 14,600 432 ------------- 3,276 ------------- MALAYSIA -- 2.8% AMMB Holdings Berhad 1,634,900 1,474 Berjaya Sports Toto 576,300 784 Commerce Asset Holdings 1,205,000 2,647 Gamuda 1,415,000 2,046 Genting 241,800 2,262 IOI 1,197,200 6,244 Malayan Banking 1,316,800 4,404 Malaysia International Shipping (Foreign Market) 921,100 2,324 MK Land Holdings 533,800 105 Proton Holdings 354,300 663 Resorts World 1,697,600 7,025 Sime Darby 2,449,200 4,998 Tenaga Nasional 2,139,600 6,610 ------------- 41,586 ------------- MEXICO -- 5.5% America Movil ADR, Ser L 314,186 14,207 Cemex 774,772 2,620 Cemex ADR 163,978 5,556 Coca-Cola Femsa ADR 104,780 3,982 Consorcio ARA 767,300 5,186 Controladora Comercial Mexicana 1,582,200 4,092 Embotelladoras Arca 250,650 1,019 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Empresas ICA Sociedad Controladora ADR* 22,533 $ 1,021 Fomento Economico Mexicano ADR 36,082 4,177 Grupo Aeroportuario del Sureste ADR 42,950 1,824 Grupo Continental 1,030,000 2,188 Grupo Famsa* 309,574 1,387 Grupo Financiero Banorte 1,765,464 6,889 Grupo Mexico, Ser B 139,800 511 Grupo Televisa ADR 404,620 10,929 Kimberly-Clark de Mexico, Ser A 271,500 1,246 Organizacion Soriana, Ser B 27,500 180 Telefonos de Mexico ADR, Ser L (B) 154,120 4,355 TV Azteca 5,739,200 4,357 Urbi Desarrollos Urbanos* 1,174,800 4,227 Wal-Mart de Mexico, Ser V 594,218 2,610 ------------- 82,563 ------------- PANAMA -- 0.0% Copa Holdings, Cl A 7,200 335 ------------- PERU -- 0.0% Cia de Minas Buenaventura ADR 20,300 570 ------------- PHILIPPINES -- 0.7% ABS-CBN Broadcasting PDR (G)* 1,275,900 527 Banco de Oro Universal Bank (A) (G) 36,400 610 Banco de Oro Universal Bank (G) 285,000 268 Bank of the Philippine Islands (G) 1,536,226 1,990 First Philippine Holdings (G) 330,000 424 Manila Electric (G) 772,800 867 Metropolitan Bank & Trust (G)* 901,200 947 Philippine Long Distance Telephone ADR (G) 29,300 1,498 SM Investments (G) 246,490 1,635 SM Prime Holdings (G) 4,645,400 1,019 ------------- 9,785 ------------- POLAND -- 0.4% Bank Handlowy w Warszawie* 7,055 211 KGHM Polska Miedz 35,000 1,072 Multimedia Polska* 46,476 197 Telekomunikacja Polska 519,256 4,390 ------------- 5,870 ------------- RUSSIA -- 10.0% AFK Sistema GDR* 11,500 368 Chelyabinsk Zink Plant GDR* 14,600 248 Cherkizovo Group GDR* 88,206 1,200 CTC Media* 32,500 780 Golden Telecom 23,400 1,096 LUKOIL ADR 438,980 38,608 Mechel Steel Group OAO ADR (B) 33,400 851 MMC Norilsk Nickel ADR 77,487 12,237 Mobile Telesystems ADR 140,500 7,052 Novolipetsk Steel GDR 185,869 4,368 OAO Gazprom ADR 955,739 44,346 Polyus Gold ADR* 56,001 2,761 Rosneft Oil GDR* 465,311 4,258 Sberbank GDR 25,771 9,243 Severstal GDR* 53,900 604 Sistema-Hals GDR* 32,100 427 Surgutneftegaz ADR (B) 62,300 4,766 TMK OAO GDR* 2,600 91 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- TMK OAO GDR* 20,300 $ 666 Unified Energy System GDR 95,950 10,516 Vimpel-Communications ADR* 48,400 3,821 Wimm-Bill-Dann Foods OJSC ADR 16,600 1,105 ------------- 149,412 ------------- SINGAPORE -- 0.0% Goodpack 528,000 530 ------------- SOUTH AFRICA -- 6.7% ABSA Group (B) 151,812 2,694 Alexander Forbes 717,661 1,588 AngloGold Ashanti 26,475 1,239 Aspen Pharmacare Holdings 428,550 1,972 Aveng 181,334 864 Barloworld (B) 383,591 8,922 Bidvest Group 140,381 2,664 Edgars Consolidated Stores (B) 96,430 533 FirstRand (B) 2,321,535 7,310 Gold Fields (B) 285,603 5,377 Gold Fields ADR 152,801 2,885 Impala Platinum Holdings 105,165 2,744 Imperial Holdings 165,782 3,856 Kumba Iron Ore* 94,062 1,484 MTN Group (B) 381,347 4,614 Nampak (B) 1,176,212 3,627 Naspers (B) 143,730 3,384 Nedbank Group (B) 335,020 6,343 Sanlam (B) 3,842,880 9,974 Sappi (B) 509,488 8,491 Sasol (B) 362,873 13,319 Standard Bank Group 225,340 3,020 Steinhoff International Holdings (B) 309,549 1,091 Telkom 7,800 156 Tiger Brands 72,889 1,768 ------------- 99,919 ------------- SOUTH KOREA -- 13.6% Amorepacific* 463 287 Daegu Bank 93,610 1,592 Daelim Industrial 65,759 5,332 Daewoo Shipbuilding & Marine Engineering 242,380 7,589 Hankook Tire 85,690 1,450 Hanwha Chemical 198,780 2,629 Hynix Semiconductor* 170,420 6,644 Hyundai Department Store 25,013 2,251 Hyundai Development 83,520 5,101 Hyundai Mobis 29,924 2,749 Hyundai Motor 192,329 13,899 Industrial Bank of Korea 38,370 704 Kookmin Bank 273,484 21,989 Kookmin Bank ADR 86,574 6,981 Korea Electric Power 137,740 6,280 Korea Electric Power ADR 16,900 384 Korea Exchange Bank* 29,200 402 Korean Reinsurance 128,846 1,748 KT 5,830 291 KT ADR 130,530 3,309 KT&G 30,900 1,877 Kumho Tire 202,890 2,744 Kumho Tire GDR (A)* 45,100 305 LG Chem 59,680 2,756 LG Electronics 83,042 4,898 LG Philips LCD* 84,390 2,513 LG Philips LCD ADR 10,400 157 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Market Value Description Shares ($ Thousands) - -------------------------------------------------------------------------------- Lotte Shopping 22,392 $ 9,312 POSCO 13,900 4,595 POSCO ADR (B) 28,760 2,378 S-Oil 61,690 4,529 Samsung Electronics 68,161 44,714 Samsung Fire & Marine Insurance 48,220 8,325 Samsung SDI 16,532 1,139 Samsung Securities 30,141 1,630 Shinhan Financial Group 57,450 2,934 Shinsegae 15,876 9,889 SK 3,855 302 SK Telecom 6,012 1,437 SK Telecom ADR (B) 133,200 3,527 STX Pan Ocean 3,110,000 2,088 ------------- 203,660 ------------- TAIWAN -- 12.4% Advanced Semiconductor Engineering* 10,302,910 11,699 AU Optronics 2,267,830 3,153 Benq 5,318,300 2,848 Catcher Technology 501,954 4,906 Cathay Financial Holding 2,355,213 5,349 China Motor 2,087,836 1,922 Chinatrust Financial Holding 16,592,587 13,876 Chunghwa Telecom 2,218,500 4,126 Chunghwa Telecom ADR 236,132 4,659 Compal Electronics 9,595,865 8,555 Delta Electronics 1,029,550 3,318 Eva Airways 13,948 6 Far Eastern Textile 770,463 674 First Financial Holding 5,823,208 4,423 Foxconn Technology 195,430 2,342 Fubon Financial Holding 2,144,000 2,007 High Tech Computer 448,798 8,884 HON HAI Precision Industry 2,573,401 18,362 InnoLux Display* 47,000 85 Largan Precision 83,350 1,611 Makalot Industrial 110,000 239 MediaTek 797,000 8,243 Merry Electronics 44,382 121 Nan Ya Printed Circuit Board 121,000 835 Nien Hsing Textile 1,327,000 800 Nien Made Enterprises 1,521,810 1,541 Novatek Microelectronics 536,398 2,428 Optimax Technology 1,377,533 972 Powerchip Semiconductor 2,777,000 1,875 Quanta Computer 3,252,956 5,900 Radiant Opto-Electronics 1,171,150 1,872 Siliconware Precision Industries 1,232,098 1,936 SinoPac Financial Holdings 8,439,230 4,519 Sunplus Technology 1,227,064 1,497 Taiwan Cement 955,854 864 Taiwan Mobile 815,632 846 Taiwan Semiconductor Manufacturing 9,837,214 20,378 Taiwan Semiconductor Manufacturing ADR 865,758 9,463 United Microelectronics 23,943,709 14,880 Wan Hai Lines 312,000 191 Yageo* 6,595,440 3,077 ------------- 185,282 ------------- THAILAND -- 1.7% Advanced Info Service (B) 1,170,300 2,509 Bangkok Bank 959,200 3,051 - -------------------------------------------------------------------------------- Shares/Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Bangkok Land NVDR* 167,660,200 $ 4,035 Charoen Pokphand Foods (B) 10,931,000 1,512 CP Seven Eleven 3,951,200 683 Delta Electronics Thai 1,229,400 588 Kasikornbank NVDR (B) 2,133,000 3,688 Krung Thai Bank 4,612,900 1,519 PTT 638,500 3,709 PTT (Foreign) 280,200 1,628 Siam Commercial Bank (B) 1,120,800 1,581 Siam Makro 188,500 511 ------------- 25,014 ------------- TURKEY -- 2.1% Akbank -- -- Arcelik 150,326 886 Ford Otomotiv Sanayi 57,769 465 GSD Holding* 2,000,001 1,666 Haci Omer Sabanci Holding 1,128,012 4,420 KOC Holding* 358,271 1,391 Petrol Ofisi* 246,950 799 Turkcell Iletisim Hizmet 917,139 4,629 Turkiye Garanti Bankasi 1,267,218 4,187 Turkiye Is Bankasi 2,841,103 13,037 ------------- 31,480 ------------- UNITED KINGDOM -- 0.4% Anglo American 95,020 4,633 BHP Billiton (B) 64,756 1,184 ------------- 5,817 ------------- UNITED STATES -- 0.0% Caspian Services* 79,500 318 Central European Distribution* 8,100 241 ------------- 559 ------------- Total Common Stock (Cost $956,639) ($ Thousands) 1,398,877 ------------- CORPORATE OBLIGATIONS (A)(C)(D) -- 0.8% UNITED STATES -- 0.8% Beta Finance MTN 5.357%, 05/10/07 3,000 3,000 Cheyne Finance LLC MTN 5.362%, 04/16/07 1,000 1,000 K2 LLC MTN 5.357%, 05/21/07 2,000 2,000 5.315%, 04/18/07 1,500 1,500 Links Finance LLC MTN 5.357%, 05/21/07 2,000 2,000 Premier Asset Collateralization LLC MTN 5.330%, 04/25/07 1,500 1,500 Sigma Finance MTN 5.310%, 04/18/07 1,500 1,500 ------------- Total Corporate Obligations (Cost $12,499) ($ Thousands) 12,500 ------------- - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1)/Shares ($ Thousands) - -------------------------------------------------------------------------------- ASSET-BACKED SECURITIES (A)(C)(D) -- 0.1% UNITED STATES -- 0.1% Lothian Mortgages Master Issue Trust, Ser 2006-1A, Cl A1 5.320%, 01/24/28 1,630 $ 1,630 ------------- Total Asset-Backed Securities (Cost $1,630) ($ Thousands) 1,630 ------------- DEBENTURE BOND -- 0.0% BRAZIL -- 0.0% Companhia Vale do Rio Doce 0.000%, 09/30/49 8 -- ------------- Total Debenture Bond (Cost $0) ($ Thousands) -- ------------- PREFERRED STOCK -- 4.6% BRAZIL -- 4.3% Braskem, Cl A 242,800 1,706 Centrais Eletricas Brasileiras, Cl B 66,060,000 1,482 Cia de Bebidas das Americas ADR 55,700 2,718 Cia de Tecidos do Norte de Minas - Coteminas 19,117,100 2,238 Cia Energetica de Minas Gerais 141,927,593 6,979 Cia Paranaense de Energia 144,255,100 1,689 Cia Paranaense de Energia ADR 450,300 4,944 Cia Vale do Rio Doce ADR 452,038 11,866 Cia Vale do Rio Doce, Cl A 42,178 1,069 Duratex 87,000 1,353 Eletropaulo Metropolitana de Sao Paulo* 15,197,800 776 Investimentos Itau 1,521,233 7,781 Klabin 277,800 696 Petroleo Brasileiro 21,400 2,000 Tam 187,485 5,840 Telecomunicacoes de Sao Paulo 43,476 1,120 Telemar Norte Leste 341,234 7,768 Telemig Celular Participacoes 788,963,610 1,497 ------------- 63,522 ------------- SOUTH KOREA -- 0.3% Hyundai Motor 73,890 3,149 Hyundai Motor (Second Preferred) 46,810 1,905 ------------- 5,054 ------------- Total Preferred Stock (Cost $41,483) ($ Thousands) 68,576 ------------- EXCHANGE TRADED FUNDS -- 0.5% UNITED STATES -- 0.5% iShares FTSE/Xinhua China 25 Index Fund 38,000 4,235 iShares MSCI Taiwan Index Fund 230,000 3,337 ------------- Total Exchange Traded Funds (Cost $6,005) ($ Thousands) 7,572 ------------- - -------------------------------------------------------------------------------- Face Amount ($ Thousands) Market Value Description (1)/Shares ($ Thousands) - -------------------------------------------------------------------------------- COMMERCIAL PAPER (C)(E) -- 5.0% Atlas Capital Funding 5.386%, 01/03/07 2,000 $ 1,999 5.330%, 02/12/07 5,000 5,000 Bavaria TRR 5.403%, 01/12/07 7,000 6,989 Brahms Funding 5.342%, 01/16/07 6,000 5,987 Ebury Finance 5.337%, 01/02/07 6,000 5,999 Giro Balanced Funding 5.324%, 01/11/07 6,000 5,991 Mica Funding LLC 5.333%, 01/09/07 5,000 4,994 Mint II LLC 5.372%, 01/24/07 7,000 6,976 Morrigan TRR Funding LLC 5.371%, 01/16/07 6,000 5,987 Ocala Funding 5.343%, 01/10/07 6,000 5,992 Solitaire Funding 5.326%, 01/17/07 7,000 6,984 Stratford Receivables 5.338%, 01/05/07 6,000 5,996 Von Karman Funding 5.411%, 01/05/07 6,000 5,996 ------------- Total Commercial Paper (Cost $74,890) ($ Thousands) 74,890 ------------- CASH EQUIVALENTS** -- 0.5% UNITED STATES -- 0.5% SEI Daily Income Trust, Prime Obligation Fund, Cl A, 5.350% + 5,598,958 5,599 The Reserve Funds, Primary Fund, Cl 8, 5.240% (C) 1,662,683 1,663 ------------- Total Cash Equivalents (Cost $7,262) ($ Thousands) 7,262 ------------- REPURCHASE AGREEMENTS (C)(F) -- 5.6% Banc of America 5.300%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $11,006,478 (collateralized by a U.S. Government Obligation, par value $13,911,587, 5.000%, 04/01/35; with total market value $11,220,000) 11,000 11,000 Deutsche Bank 5.300%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $18,010,600 (collateralized by various U.S. Government Obligations, ranging in par value $1,718,496-$5,000,000, 5.000%-6.000%, 09/01/18-11/01/35; with total market value $18,360,000) 18,000 18,000 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Equity Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Lehman Brothers 5.300%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $10,005,889 (collateralized by various U.S. Government Obligations, ranging in par value $2,592,540-$4,071,646, 6.000%-6.500%, 0/01/21-11/01/36; with total market value $10,202,394) 10,000 $ 10,000 Merrill Lynch 5.320%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $45,026,600 (collateralized by various U.S. Government Obligations, ranging in par value $9,950,000-$14,243,245, 0.000%, 02/01/35-12/01/36; with total market value $45,902,363) 45,000 45,000 ------------- Total Repurchase Agreements (Cost $84,000) ($ Thousands) 84,000 ------------- Total Investments -- 110.4% (Cost $1,184,408) ($ Thousands)++ $ 1,655,307 ============= Percentages are based on Net Assets of $1,498,976 ($ Thousands). * Non-Income Producing Security ** Rate shown is the 7-day effective yield as of December 31, 2006. + Pursuant to an exemptive order issued by the Securities and Exchange Commission, the Fund may invest in the SEI money market funds, provided that investments in the money market funds do not exceed 25% of the Fund's total assets. (1) In U.S. dollars unless otherwise indicated. (A) This security was sold within terms of a 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". These securities have been determined to be liquid under guidelines established by the Board of Trustees. (B) This security or a partial position of this security is on loan at December 31, 2006. The total value of securities on loan at December 31, 2006 was $161,820 ($ Thousands). (C) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2006 was $174,683 ($ Thousands). (D) Variable Rate Security -- The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2006. (E) The rate reported is the effective yield at time of purchase. (F) Tri-Party Repurchase Agreement. (G) Securities are fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. As of December 31, 2006, the total value of these securities was $9,785 ($ Thousands), representing 0.65% of net assets. ADR -- American Depositary Receipt Cl -- Class EUR -- Euro GBP -- British Pound Sterling GDR -- Global Depositary Receipt GDS -- Global Depositary Share HKD -- Hong Kong Dollar LLC -- Limited Liability Company MTN -- Medium Term Note NVDR -- Non-Voting Depositary Receipt PDR -- Philippine Depositary Receipt Ser -- Series ++ At December 31, 2006, the tax basis cost of the Fund's investments was $1,184,408 ($ Thousands), and the unrealized appreciation and depreciation were $483,697 ($ Thousands) and $(12,798) ($ Thousands), respectively. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. Amounts designated as "--" are $0 or have been rounded to $0. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Fixed Income Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- GLOBAL BONDS -- 75.4% AUSTRALIA -- 0.6% Macquarie Bank MTN, Ser E (A) 5.500%, 09/19/16 GBP 600 $ 1,162 New S Wales Treasury 7.000%, 12/01/10 4,950 3,996 ------------- 5,158 ------------- AUSTRIA -- 0.2% Telekom Finanzmanagement 5.000%, 07/22/13 1,100 1,473 ------------- BELGIUM -- 0.7% Kingdom of Belgium, Ser 31 5.500%, 03/28/28 3,460 5,440 ------------- BRAZIL -- 0.5% Federal Republic of Brazil 8.250%, 01/20/34 3,323 4,029 ------------- CANADA -- 3.2% Bell Canada MTN 5.000%, 02/15/17 774 663 Government of Canada 4.500%, 06/01/15 190 168 4.000%, 06/01/16 25,606 21,861 Province of Ontario 4.700%, 06/02/37 1,800 1,581 Province of Ontario MTN, Ser E 1.875%, 01/25/10 JPY 170,000 1,464 YPG Holdings MTN 5.250%, 02/15/16 1,500 1,258 ------------- 26,995 ------------- CAYMAN ISLANDS -- 0.6% Mizuho Financial Group (A) 4.750%, 04/15/14 EUR 1,380 1,835 Resona Preferred Global Securities (A) (B) 7.191%, 07/30/49 818 854 Vale Overseas 6.875%, 11/21/36 546 560 Yorkshire Power Finance 7.250%, 08/04/28 GBP 750 1,784 ------------- 5,033 ------------- DENMARK -- 2.4% Danica Pension 4.350%, 10/29/49 1,980 2,585 Danske Bank MTN, Ser E (A) 5.875%, 03/26/15 1,000 1,411 Nykredit 4.158%, 10/01/38 (A) DKK 42,000 7,259 4.000%, 01/01/08 DKK 49,100 8,668 ------------- 19,923 ------------- FINLAND -- 0.0% Government of Finland 4.250%, 07/04/15 150 202 ------------- - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- FRANCE -- 5.0% AXA (A) 5.777%, 07/29/49 1,100 $ 1,505 Caisse Nationale des Autoroutes 4.500%, 03/28/18 1,500 2,027 Caisse Nationale des Casses d'Epargne et de Prevoyance (A) 5.250%, 07/30/49 1,320 1,793 Caisse Refinancement de l'Habitat 4.250%, 10/25/14 600 795 Compagnie De St Gobain 4.875%, 05/31/16 600 799 Government of France 5.750%, 10/25/32 14,080 23,273 4.000%, 04/25/09 2,510 3,316 4.000%, 04/25/55 370 481 3.500%, 04/25/15 3,794 4,836 2.250%, 07/25/20 240 332 Veolia Environnement 5.875%, 06/27/08 1,740 2,352 ------------- 41,509 ------------- GERMANY -- 14.9% Bayer (A) 5.000%, 07/29/15 400 481 Bertelsmann 4.375%, 09/26/12 1,275 1,665 Bundesobligation 3.500%, 04/08/11 6,930 8,987 Commerzbank MTN, Ser E (A) 4.125%, 09/12/16 1,350 1,748 Deutsche Bundesrepublik 4.750%, 07/04/34 17,924 26,130 4.000%, 07/04/16 16,105 21,298 3.750%, 07/04/13 3,950 5,150 3.750%, 01/04/15 16,275 21,161 3.750%, 01/04/17 3,350 4,345 3.500%, 01/04/16 7,925 10,126 Deutsche Pfandbriefbank 4.500%, 01/15/18 2,400 3,244 Henkel Kgaa (A) 5.375%, 11/25/15 400 503 KFW 4.700%, 06/02/37 4,850 4,231 2.050%, 02/16/26 JPY 675,000 5,623 1.350%, 01/20/14 JPY 1,100,000 9,146 ------------- 123,838 ------------- IRELAND -- 0.5% BOI Capital Funding No. 4 (A) 6.430%, 09/29/49 360 708 GE Capital UK Funding MTN, Ser E 5.125%, 03/03/15 1,875 3,587 ------------- 4,295 ------------- ITALY -- 1.4% Buoni Poliennali Del Tesoro 5.750%, 02/01/33 4,170 6,633 Sanpaolo IMI MTN, Ser E 6.375%, 04/06/10 2,150 3,006 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Fixed Income Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Unicredito Italiano MTN, Ser E (A) 4.500%, 09/22/19 1,300 $ 1,714 ------------- 11,353 ------------- JAPAN -- 17.9% Abbott Japan 1.050%, 11/06/08 120,000 1,006 Development Bank of Japan 2.300%, 03/19/26 60,000 509 1.600%, 06/20/14 840,000 7,106 East Japan Railway MTN, Ser E 4.750%, 12/08/31 GBP 1,000 1,910 Government of Japan 10 Year Bond, Ser 223 1.700%, 09/20/10 1,854,000 15,917 Government of Japan 10 Year Bond, Ser 252 1.000%, 06/20/13 916,100 7,501 Government of Japan 10 Year Bond, Ser 256 1.400%, 12/20/13 2,664,000 22,287 Government of Japan 10 Year Bond, Ser 257 1.300%, 12/20/13 1,782,900 14,817 Government of Japan 10 Year Bond, Ser 268 1.500%, 03/20/15 222,600 1,857 Government of Japan 15 Year Bond, Ser 35 (A) 1.030%, 07/20/20 450,000 3,546 Government of Japan 15 Year Bond, Ser 39 1.270%, 03/20/21 450,000 3,784 Government of Japan 20 Year Bond, Ser 48 2.500%, 12/21/20 674,400 6,094 Government of Japan 20 Year Bond, Ser 82 2.100%, 09/20/25 1,344,000 11,389 Government of Japan 30 Year Bond, Ser 20 2.500%, 09/20/35 121,000 1,062 Government of Japan 30 Year Bond, Ser 22 2.500%, 03/20/36 287,000 2,515 Government of Japan CPI Linked Bond, Ser 4 0.500%, 06/10/15 1,410 11 Government of Japan CPI Linked Bond, Ser 5 0.800%, 09/10/15 3,143,549 25,620 Japan Finance for Municipal Enterprises 1.350%, 11/26/13 2,387,000 19,849 Sumitomo Mitsui Banking 5.625%, 10/15/15 (A) (B) 415 406 4.375%, 10/27/14 (A) EUR 830 1,093 ------------- 148,279 ------------- LUXEMBOURG -- 0.9% Basell AF SCA Registered 8.375%, 08/15/15 310 438 Gazprom OAO 9.625%, 03/01/13 850 1,013 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Rhodia 10.250%, 06/01/10 270 $ 308 Syngenta Lux Finance 4.125%, 09/21/11 975 1,271 Telecom Italia MTN, Ser E 7.000%, 04/20/11 2,050 2,972 Tyco International Group 6.500%, 11/21/31 GBP 415 916 6.000%, 11/15/13 600 621 ------------- 7,539 ------------- MEXICO -- 3.6% Mexican Bonos, Ser MI10 9.500%, 12/18/14 11,240 1,166 9.000%, 12/20/12 286,815 28,581 ------------- 29,747 ------------- NETHERLANDS -- 1.0% Adecco International Financial Services 4.500%, 04/25/13 1,200 1,566 BMW Finance MTN 5.000%, 08/06/18 700 960 Government of Netherlands 7.500%, 01/15/23 796 1,469 ING Bank MTN, Ser E 5.500%, 01/04/12 1,000 1,387 ING Groep MTN, Ser E (A) 4.176%, 06/29/49 700 881 Koninklijke Philips Electronic 5.750%, 05/16/08 950 1,277 Linde Finance (A) 8.125%, 07/14/66 340 695 ------------- 8,235 ------------- NEW ZEALAND -- 0.8% Government of New Zealand 6.000%, 07/15/08 9,376 6,548 ------------- NORWAY -- 1.6% DNB Nor Bank MTN, Ser E (A) 4.875%, 01/29/49 380 719 Government of Norway 5.500%, 05/15/09 75,871 12,490 ------------- 13,209 ------------- PERU -- 0.1% Republic of Peru 7.350%, 07/21/25 916 1,035 ------------- POLAND -- 0.2% Republic of Poland 6.250%, 10/24/15 3,850 1,423 ------------- RUSSIA -- 0.5% Ministry Finance of Russia, Ser V 3.000%, 05/14/08 2,116 2,042 Russian Federation Registered (C) 5.000%, 03/31/30 2,130 2,405 ------------- 4,447 ------------- - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Fixed Income Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- SINGAPORE -- 1.3% Government of Singapore 3.500%, 07/01/12 16,400 $ 10,942 ------------- SOUTH AFRICA -- 0.6% Foodcorp Registered 8.875%, 06/15/12 435 614 Republic of South Africa 13.000%, 08/31/10 25,000 4,077 ------------- 4,691 ------------- SPAIN -- 2.7% Government of Spain 6.150%, 01/31/13 14,030 20,641 Pastor Part Preferentes (A) 4.564%, 07/29/49 1,050 1,303 Telefonica Emisiones Sau MTN, Ser E 5.375%, 02/02/18 280 521 ------------- 22,465 ------------- SUPRA-NATIONAL -- 0.4% European Investment Bank 5.375%, 10/15/12 EUR 1,000 1,410 3.125%, 10/15/15 EUR 1,000 1,231 Ras Laffan III (B) 5.838%, 09/30/27 955 917 ------------- 3,558 ------------- SWEDEN -- 1.5% Kingdom of Sweden, Ser 1045 5.250%, 03/15/11 66,025 10,174 Svenska Handelsbanken MTN, Ser E (A) 4.194%, 12/29/49 840 1,057 Swedbank MTN, Ser E (A) 5.750%, 03/17/16 GBP 750 1,458 ------------- 12,689 ------------- UKRAINE -- 0.2% Government of Urkaine Registered 7.650%, 06/11/13 1,507 1,622 ------------- UNITED KINGDOM -- 8.3% AIB UK 1 (A) 4.781%, 12/17/49 EUR 350 441 AIB UK 2 (A) 5.142%, 06/29/49 EUR 640 848 Abbey National Treasury Services 5.375%, 12/30/09 700 1,365 Anglian Water Services Financial MTN, Ser E 5.250%, 10/30/15 280 539 4.625%, 10/07/13 1,450 1,935 Aviva (A) EUR 5.700%, 09/29/49 1,000 1,374 Bank of Scotland MTN, Ser E 6.125%, 02/05/13 EUR 1,630 2,354 Barclays Bank MTN, Ser E 5.750%, 09/14/26 500 1,044 British Telecommunications 5.750%, 12/07/28 200 374 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Brixton + 5.250%, 10/21/15 280 $ 525 Chester Asset Receivables 6.125%, 10/15/10 EUR 4,260 5,977 Friends Provident (A) 6.875%, 11/21/19 750 1,557 HBOS MTN, Ser E (A) 5.125%, 10/29/49 EUR 700 942 Halifax MTN, Ser E 6.375%, 04/03/08 500 988 Hammerson + 5.250%, 12/15/16 280 521 Ineo's Group Holdings 7.875%, 02/15/16 EUR 200 252 Lloyds TSB Bank (A) 6.350%, 10/29/49 EUR 700 1,005 Lloyds TSB Bank MTN, Ser E 6.625%, 03/30/15 400 842 MBNA Europe Funding MTN, Ser E 4.500%, 01/23/09 EUR 1,000 1,329 Marks & Spencer MTN, Ser E 5.625%, 03/24/14 500 963 Mmo2 6.375%, 01/25/07 EUR 1,100 1,453 National Westminster Bank 6.500%, 09/07/21 400 872 Old Mutual MTN, Ser E (A) 5.000%, 11/29/49 EUR 1,150 1,483 Royal Bank of Scotland MTN, Ser E (A) 5.125%, 07/29/49 EUR 1,320 1,791 United Kingdom Treasury 5.000%, 03/07/12 2,500 4,900 5.000%, 03/07/25 1,100 2,286 4.750%, 09/07/15 4,640 9,053 4.250%, 03/07/36 960 1,893 4.000%, 03/07/09 5,520 10,547 4.000%, 09/07/16 3,000 5,539 Vodafone Group MTN, Ser E 5.900%, 11/26/32 500 1,003 4.250%, 05/27/09 EUR 1,500 1,978 Zurich Finance MTN, Ser E (A) 6.625%, 10/30/49 260 538 ------------- 68,511 ------------- UNITED STATES -- 3.8% ASIF III Jersey 0.950%, 07/15/09 JPY 100,000 836 American Express Credit MTN, Ser E 5.625%, 08/18/09 GBP 800 1,564 BNP Paribas Capital Trust IV (A) 6.342%, 01/29/49 EUR 1,850 2,635 CIT Group MTN (A) 5.595%, 05/18/07 765 766 CIT Group MTN, Ser E 5.500%, 12/15/08 GBP 750 1,462 Cablevision Systems, Ser B 8.000%, 04/15/12 430 422 Directv Holdings 6.375%, 06/15/15 420 403 Electronic Data Systems, Ser B 6.500%, 08/01/13 790 795 Ford Motor Credit 6.500%, 01/25/07 410 410 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Fixed Income Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- General Electric Capital MTN, Ser E 0.750%, 02/05/09 JPY 70,000 $ 585 Genworth Financial 6.150%, 11/15/66 322 322 1.600%, 06/20/11 JPY 160,000 1,339 Goldman Sachs Group 5.125%, 01/15/15 560 547 HSBC Bank USA 5.000%, 09/10/16 11,488 11,628 HSBC Finance MTN, Ser E 6.125%, 01/22/10 GBP 600 1,188 ILFC E-Capital Trust I (A) (B) 5.900%, 12/21/65 270 273 Pfizer 1.800%, 02/22/16 JPY 190,000 1,580 0.800%, 03/18/08 JPY 23,000 193 Qwest Communications International 7.500%, 02/15/14 600 618 Toyota Motor Credit 0.750%, 06/09/08 JPY 180,000 1,510 Tyson Foods 8.250%, 10/01/11 1,818 1,965 Wal-Mart Stores 4.875%, 01/19/39 GBP 428 812 ------------- 31,853 ------------- Total Global Bonds (Cost $615,992) ($ Thousands) 626,041 ------------- ASSET-BACKED SECURITIES -- 6.0% SOUTH KOREA -- 0.5% Credipia, Ser 2006-1A, Cl A (A) (B) 5.530%, 09/27/11 4,000 4,000 ------------- UNITED STATES -- 5.5% Bear Stearns Commercial Mortgage Securities, Ser 2006-PW14, Cl A4 5.201%, 12/01/38 2,775 2,737 Chase Manhattan Auto Owner Trust, Ser 2005-B, Cl A4 4.880%, 06/15/12 3,230 3,215 Citibank Credit Card Issurance Trust, Ser A4, Cl A4 5.375%, 04/10/13 EUR 6,800 9,355 Countrywide Alternative Loan Trust, Ser 2006-43CB, Cl IPO 6.280%, 01/31/37 4,720 4,750 Credit Suisse First Boston Mortgage Securities, Ser 2002-CKS4, Cl A2 5.183%, 11/15/36 2,810 2,796 Credit Suisse First Boston Mortgage Securities, Ser CKS4, Cl A1 4.485%, 11/15/36 2,465 2,415 Ford Credit Auto Owner Trust, Ser 2006-C, Cl A3 5.160%, 11/15/10 2,215 2,215 Keybank, Ser 2000-CA, Cl A2 7.727%, 05/17/32 2,672 2,828 LB-UBS Commercial Mortgage, Ser 2007-C7, Cl A1A 4.475%, 10/15/29 2,985 2,888 Morgan Stanley Capital I, Ser 2006- IQ12, Cl A4 5.319%, 12/15/43 2,560 2,559 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Peco Energy Transition Trust, Ser A, Cl A1 6.520%, 12/31/10 2,600 $ 2,713 SLM Student Loan Trust, Ser 2, Cl A5 (A) 3.304%, 01/25/24 EUR 1,000 1,324 Salomon Brothers Mortgage Securities, Ser 2000-C1, Cl A2 7.520%, 12/18/09 2,475 2,604 USAA Auto Owner Trust, Ser 2006- 4, Cl A3 5.010%, 06/15/11 3,105 3,098 ------------- 45,497 ------------- Total Asset-Backed Securities (Cost $48,487) ($ Thousands) 49,497 ------------- U.S. GOVERNMENT AGENCY OBLIGATIONS -- 3.4% UNITED STATES -- 3.4% FHLB DN 4.803%, 01/02/07 27,100 27,096 FHLMC 4.750%, 01/15/13 EUR 1,000 1,366 ------------- Total U.S. Government Agency Obligations (Cost $28,507) ($ Thousands) 28,462 ------------- LOAN PARTICIPATIONS -- 2.1% UNITED STATES -- 2.1% Amsted Industries Term Loan 7.370%, 03/28/13 247 247 Beverly Enterprises Term Loan 8.124%, 07/24/11 373 376 Boston Generating Term Loan 0.000%, 12/22/13 750 753 Cablevision, Ser B Term Loan 7.122%, 03/14/13 498 498 Cebridge Connections (Cequel) Term Loan 7.620%, 10/01/13 1,500 1,500 Chapter Communications Term Loan 8.005%, 04/28/13 962 967 Eastman Kodak Term Loan 7.639%, 10/18/12 271 272 Education Management Term Loan 7.875%, 05/26/13 748 753 Ferro Term Loan 8.570%, 06/06/12 556 554 Ford Motor Company Term Loan 0.000%, 11/29/13 750 751 Georgia Pacific Term Loan 8.350%, 02/14/14 1,250 1,252 Hexion Specialty Term Loan 7.875%, 05/04/13 819 818 7.870%, 05/04/13 178 178 Jean Coutu Group Term Loan 7.938%, 07/30/11 650 650 Lear Term Loan 7.867%, 04/25/12 825 823 London Arena & Waterfront Term Loan 8.853%, 01/31/12 1,191 1,198 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Fixed Income Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- N.E.W. Holding Term Loan 8.070%, 08/08/13 954 $ 956 North Las Vegas Term Loans 12.367%, 03/31/13 100 98 8.117%, 03/31/13 116 116 Peach Holding Term Loan 9.110%, 11/21/13 1,000 1,002 Solo Cup Term Loan 11.374%, 03/31/12 750 765 Spectrum Brand Term Loan 8.620%, 02/07/12 500 502 TP Generation Holdings Term Loan 0.000%, 12/15/14 500 500 Talecris Biotherapeutics Holdings Term Loan 10.500%, 12/01/13 500 500 Targus Group Term Loan 8.870%, 11/22/12 499 486 United Subcontractors Term Loan 0.000%, 12/27/12 750 728 ------------ Total Loan Participations (Cost $17,276) ($ Thousands) 17,243 ------------ CORPORATE OBLIGATIONS -- 1.8% UNITED STATES -- 1.8% AK Steel 7.875%, 02/15/09 420 420 Altria Group 7.750%, 01/15/27 705 855 Autonation (A) (B) 7.374%, 04/15/13 80 80 Bristol-Myers Squibb 5.875%, 11/15/36 835 822 Embarq 7.082%, 06/01/16 675 687 Ford Motor Credit 6.625%, 06/16/08 660 659 4.950%, 01/15/08 214 210 Hertz (B) 8.875%, 01/01/14 400 419 JP Morgan Chase MTN (A) 5.437%, 12/22/08 4,000 4,006 MGM Mirage 8.375%, 02/01/11 380 394 Momentive Performance 0.000%, 12/04/13 1,000 1,002 NRG Energy 7.375%, 02/01/16 400 402 Sara Lee 6.250%, 09/15/11 800 815 Starwood Hotels & Resorts 7.375%, 11/15/15 1,437 1,471 Time Warner Entertainment 8.375%, 03/15/23 755 886 Union Carbide 7.750%, 10/01/96 910 951 Wachovia Capital Trust III (A) 5.800%, 03/15/11 687 693 Williams 7.875%, 09/01/21 370 397 ------------ Total Corporate Obligations (Cost $15,039) ($ Thousands) 15,169 ------------ - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- U.S. TREASURY OBLIGATIONS -- 9.4% UNITED STATES -- 9.4% U.S. Treasury Bills 4.949%, 01/18/07 48,700 $ 48,605 4.927%, 01/11/07 17,000 16,983 U.S. Treasury Inflationary Index Notes 3.375%, 04/15/32 11 14 2.500%, 07/15/16 1,870 1,884 2.375%, 01/15/25 69 69 2.000%, 01/15/26 6,615 6,221 U.S. Treasury Notes 4.625%, 11/15/16 1,135 1,128 4.500%, 02/15/36 3,274 3,113 4.250%, 11/15/14 90 87 ------------ Total U.S. Treasury Obligations (Cost $78,296) ($ Thousands) 78,104 ------------ Total Investments -- 98.1% (Cost $803,597) ($ Thousands) ++ $ 814,516 ============ - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Fixed Income Fund December 31, 2006 Forward Foreign Currency Contracts -- A summary of the outstanding forward foreign currency contracts held by the Fund at December 31, 2006, is as follows:
- ------------------------------------------------------------------------------------------------- UNREALIZED CURRENCY CURRENCY APPRECIATION SETTLEMENT TO DELIVER TO RECEIVE (DEPRECIATION) DATE (THOUSANDS) (THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------- 1/9/07-1/10/07 ZAR 29,945 USD 4,027 $ (218) 1/10/07 AUD 9,740 USD 7,591 (84) 1/10/07 USD 1,177 MXP 12,800 5 1/10/07-1/11/07 SGD 17,378 USD 11,177 (154) 1/10/07-1/12/07 JPY 24,594,587 USD 210,691 4,042 1/10/07-1/12/07 USD 33,877 JPY 3,950,969 (685) 1/10/07-1/16/07 GBP 68,961 USD 129,073 (5,897) 1/10/07-1/16/07 USD 76,378 GBP 40,043 1,995 1/10/07-1/17/07 PLZ 85,633 USD 28,711 (802) 1/10/07-1/19/07 USD 15,636 AUD 20,014 131 1/10/07-1/29/07 USD 128,973 EUR 99,364 2,116 1/10/07-2/9/07 CAD 39,773 USD 34,940 729 1/10/07-2/23/07 MXP 333,383 USD 30,353 (397) 1/10/07-2/28/07 EUR 293,996 USD 375,566 (12,413) 1/10/07-4/18/07 DKK 91,764 USD 15,966 (310) 1/11/07 CHF 7,302 USD 6,066 79 1/11/07 EUR 3,500 JPY 523,587 (218) 1/11/07 EUR 3,500 NOK 28,933 32 1/11/07 EUR 3,335 SEK 30,389 44 1/11/07 NOK 154,884 USD 24,589 (299) 1/11/07 USD 54 NOK 349 2 1/11/07 USD 2,241 SGD 3,500 41 1/16/07 KRW 11,373,028 USD 12,175 (62) 1/17/07 USD 27,611 PLZ 80,872 262 1/22/07 SEK 71,288 USD 10,118 (316) 1/22/07 USD 10,993 SEK 74,814 (44) 2/9/07 USD 5,608 CAD 6,455 (53) 2/21/07 NZD 189 USD 119 (13) --------------- $ (12,487) ===============
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Fixed Income Fund December 31, 2006 A summary of the open futures contracts held by the Fund at December 31, 2006, is as follows:
- ------------------------------------------------------------------------------------------------- UNREALIZED APPRECIATION TYPE OF NUMBER OF EXPIRATION (DEPRECIATION) CONTRACT CONTRACTS DATE ($ THOUSANDS) - ------------------------------------------------------------------------------------------------- U.S. Long Treasury Bond (146) Mar-2007 $ 344 U.S. 5-Year Note (194) Mar-2007 176 U.S. 2-Year Note 38 Dec-2006 (22) U.S. 2-Year Note (174) Mar-2007 107 U.S. 10-Year Note (510) Mar-2007 707 Japan 10-Year Bond (2) Mar-2007 17 Euro-Bobl (34) Mar-2007 70 Euro-Bund 101 Mar-2007 (362) Canadian 3-Month Bankers Acceptance (155) Jun-2007 32 90-Day Bank Bill 186 Jun-2007 (36) 90-Day Euro$ (115) Jun-2007 113 ------------ $ 1,146 ============
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) International Fixed Income Fund December 31, 2006 Percentages are based on Net Assets of $830,277 ($ Thousands). + Real Estate Investments Trust (1) In local currency unless otherwise indicated. (A) Variable Rate Security -- The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2006. (B) This security was sold within terms of a 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". These securities have been determined to be liquid under guidelines established by the Board of Trustees. (C) Step Bonds -- The rate reflected on the Schedule of Investments is the effective yield on December 31, 2006. The coupon on a step bond changes on a specified date. AUD -- Australian Dollar CAD -- Canadian Dollar CHF -- Swiss Franc Cl -- Class CPI -- Consumer Price Index DKK -- Danish Krone EUR -- Euro FHLB -- Federal Home Loan Bank FHLMC -- Federal Home Loan Mortgage Corporation GBP -- British Pound Sterling JPY -- Japanese Yen KRW -- South Korean Won MTN -- Medium Term Note MXP -- Mexican Peso NOK -- Norwegian Krone NZD -- New Zealand Dollar PLZ -- Polish Zloty SEK -- Swedish Krona Ser -- Series SGD -- Singapore Dollar USD -- U.S. Dollar ZAR -- South African Rand ++ At December 31, 2006, the tax basis cost of the Fund's total investments was $803,597 ($ Thousands), and the unrealized appreciation and depreciation were $18,009 ($ Thousands) and $(7,090) ($ Thousands), respectively. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. Amounts designated as "--" are $0 or have been rounded to $0. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- GLOBAL BONDS -- 83.3% ARGENTINA -- 7.0% Cia Transporte Energia Registered 9.000%, 12/15/15 (H) 284 $ 283 8.875%, 12/15/16 (A) 470 471 Province Del Neuquen (A) 8.656%, 10/18/14 250 259 Province of Buenos Aires 9.375%, 09/14/18 470 486 2.000%, 05/15/35 (H) 1,200 618 Province of Mendoza Registered 5.500%, 09/04/18 132 112 Republic of Argentina 12.000%, 09/19/16 (I) EUR 1,000 201 11.750%, 05/20/11 (I) EUR 10,000 2,082 10.500%, 11/14/49 (I) EUR 1,000 203 10.212%, 12/15/35 (B) 6,590 877 9.000%, 05/29/09 to 07/06/10 (I) EUR 4,125 1,657 9.000%, 06/20/49 EUR 2,650 1,111 8.500%, 07/01/04 (I) EUR 775 309 8.280%, 12/31/33 (C) 19,790 21,521 8.125%, 04/21/08 (I) EUR 4,200 1,715 8.000%, 02/25/02-02/26/08 (I) EUR 6,000 2,374 7.820%, 12/31/33 EUR 249 344 7.625%, 03/31/05 (I) 1,120 314 7.625%, 08/11/07 (I) EUR 2,325,000 463 7.000%, 03/18/04 (I) EUR 1,475,000 305 5.589%, 08/03/12 (B) (I) 8,435 6,124 3.271%, 12/31/33 (B) 9,375 4,561 1.330%, 12/31/38 (H) 22,740 12,280 0.000%, 12/15/35 (B) 2,400 306 Republic of Argentina MTN, Ser E 10.000%, 01/03/07 (I) EUR 3,000,000 633 9.000%, 05/24/49 (I) EUR 1,400 593 8.750%, 02/04/49 (I) EUR 1,375 596 8.500%, 07/30/10 (I) EUR 2,000 800 7.625%, 08/11/07 (I) ITL 2,255,000 447 Transportadora Gas Norte Registered 6.500%, 12/31/12 (A) (H) 43 40 6.500%, 12/31/12 (H) 216 204 ------------- 62,289 ------------- BOSNIA-HERZEGOVINA -- 0.1% Republic of Bosnia & Herzegovina, Ser B (L) 9.223%, 12/11/17 EUR 2,300 1,054 ------------- BRAZIL -- 10.4% Federal Republic of Brazil 12.500%, 01/05/16-01/05/22 BRL 30,302 16,176 11.000%, 08/17/40 26,262 34,797 10.500%, 07/14/14 3,400 4,301 10.125%, 05/15/27 4,705 6,611 8.875%, 10/14/19-04/15/24 4,250 5,281 8.750%, 02/04/25 12,565 15,518 8.250%, 01/20/34 2,500 3,031 8.000%, 01/15/18 1,770 1,968 7.125%, 01/20/37 4,380 4,706 ------------- 92,389 ------------- - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- CAYMAN ISLANDS -- 1.1% Blue City Investments 13.750%, 11/07/13 750 $ 746 Earls Eight (A) (H) 7.500%, 12/31/12 420 403 Peru Enhanced Pass-Thru (A) 5.751%, 05/31/25 320 113 3.936%, 05/31/18 1,495 957 Vale Overseas 6.875%, 11/21/36 3,720 3,815 6.250%, 01/11/16 3,615 3,650 6.250%, 01/23/17 85 85 ------------- 9,769 ------------- CHILE -- 0.4% Codelco 5.500%, 10/15/13 1,875 1,875 Republic of Chile 5.500%, 01/15/13 1,525 1,536 ------------- 3,411 ------------- CHINA -- 0.6% People's Republic of China 4.750%, 10/29/13 5,770 5,645 ------------- COLOMBIA -- 4.9% Republic of Colombia 12.000%, 10/22/15 COP 14,094,000 7,461 11.750%, 03/01/10 COP 7,627,000 3,676 11.750%, 02/25/20 11,611 16,865 10.750%, 01/15/13 (C) 1,750 2,166 10.375%, 01/28/33 1,700 2,435 8.125%, 05/21/24 6,700 7,739 7.375%, 01/27/17 1,485 1,596 7.375%, 09/18/37 1,035 1,111 ------------- 43,049 ------------- CYPRUS -- 0.2% Springvale Holdings (B) 11.389%, 09/07/09 1,000 1,000 Teorema Holding 9.000%, 10/27/08 1,000 1,000 ------------- 2,000 ------------- DOMINICAN REPUBLIC -- 0.3% Cerv Nacional Dominicana 8.875%, 01/22/07 820 810 Republic of Dominican Republic 8.625%, 04/20/27 1,325 1,523 ------------- 2,333 ------------- ECUADOR -- 1.4% Republic of Ecuador Registered 10.000%, 08/15/30 (H) 2,680 2,024 9.375%, 12/15/15 1,100 869 9.375%, 12/15/15 (C) 12,555 9,918 ------------- 12,811 ------------- - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- EL SALVADOR -- 2.5% Republic of El Salvador 8.250%, 04/10/32 5,335 $ 6,415 7.750%, 01/24/23 4,365 5,005 7.650%, 06/15/35 9,431 10,704 ------------- 22,124 ------------- INDONESIA -- 2.8% Garuda Indonesia (B) (J) (K) 5.867%, 12/31/07 1,183 828 Indonesia Treasury Bond 12.000%, 09/15/11 IDR 40,540,000 4,839 Indosat Finance 7.125%, 06/22/12 1,050 1,050 Republic of Indonesia 8.500%, 10/12/35 (A) (C) 2,500 3,100 8.500%, 10/12/35 3,750 4,667 7.500%, 01/15/16 (A) 1,760 1,927 7.500%, 01/15/16 240 264 7.250%, 04/20/15 3,680 3,958 6.875%, 03/09/17 1,500 1,595 6.750%, 03/10/14 2,600 2,714 ------------- 24,942 ------------- IRAQ -- 0.8% Republic of Iraq 5.800%, 01/15/28 3,250 2,104 5.800%, 01/15/28 (C) 7,950 5,176 ------------- 7,280 ------------- IRELAND -- 0.1% Dal Capital (Vneshtorgbk) 7.000%, 04/13/09 RUB 19,000 730 ------------- JERSEY-- 0.1% UBS Jersey Branch MTN (A) (B) 0.783%, 11/01/13 1,320 1,250 ------------- LUXEMBOURG -- 0.9% Alpha Dividend Payment Rights Finance (A) (B) 7.247%, 12/15/11 560 560 Gaz Capital for Gazprom Registered 9.625%, 03/01/13 1,500 1,787 8.625%, 04/28/34 3,340 4,309 Kuznetski (Bank of Moscow) (H) 7.500%, 11/25/15 900 931 RSHB Captl 7.175%, 05/16/13 400 421 ------------- 8,008 ------------- MALAYSIA -- 0.7% Government of Malaysia 7.500%, 07/15/11 3,910 4,255 Petronas Capital 7.875%, 05/22/22 1,775 2,190 ------------- 6,445 ------------- MEXICO -- 5.4% Cornhill, Ser 39 (I) (J) (K) 0.000%, 01/30/00 1,650 577 Cornhill, Ser 46 (I) (J) (K) 8.626%, 03/02/00 150 53 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Mexican Bonos, Ser M10 8.000%, 12/17/15 MXP 37,500 $ 3,588 Mexican Bonos, Ser M20 8.000%, 12/07/23 MXP 106,744 10,272 Mexican Bonos, Ser MI10 9.000%, 12/20/12 MXP 21,830 2,175 Pemex Project Funding Master Trust 8.625%, 02/01/22 650 803 7.375%, 12/15/14 500 551 United Mexican States 11.500%, 05/15/26 400 652 8.125%, 12/30/19 9,600 11,664 7.500%, 04/08/33 7,600 8,968 6.625%, 03/03/15 925 993 United Mexican States MTN 11.000%, 05/08/17 EUR 5,000 5 8.300%, 08/15/31 4,305 5,504 8.000%, 09/24/22 1,500 1,833 ------------- 47,638 ------------- NETHERLANDS -- 0.3% Kazkommerts International (A) 7.500%, 11/29/16 450 449 Majapahti Holding (A) 7.750%, 10/17/16 260 275 White Nights Belagroprom Bank (B) 7.782%, 12/17/07 1,390 1,833 ------------- 2,557 ------------- PAKISTAN -- 0.0% Republic of Pakistan 7.875%, 03/31/36 330 359 ------------- PANAMA -- 1.7% Republic of Panama 9.375%, 04/01/29 2,015 2,690 8.875%, 09/30/27 3,125 3,969 7.250%, 03/15/15 (C) 7,090 7,675 6.700%, 01/26/36 (C) 580 603 ------------- 14,937 ------------- PERU -- 2.9% Republic of Peru (C) 9.875%, 02/06/15 710 897 8.750%, 11/21/33 3,495 4,596 8.375%, 05/03/16 3,545 4,210 7.350%, 07/21/25 9,705 10,966 Republic of Peru FLIRB, Ser 20YR (B) 5.000%, 03/07/17 1,805 1,791 Republic of Peru, Ser 20YR (B) 5.000%, 03/07/17 2,899 2,878 ------------- 25,338 ------------- PHILIPPINES -- 7.2% National Power 9.625%, 05/15/28 1,200 1,455 6.875%, 11/02/16 (A) 965 981 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Republic of Philippines 10.625%, 03/16/25 13,020 $ 18,667 9.875%, 01/15/19 300 392 9.500%, 02/02/30 7,390 9,847 9.375%, 01/18/17 1,800 2,219 9.000%, 02/15/13 600 693 8.000%, 01/15/16 3,710 4,220 7.750%, 01/14/31 10,163 11,535 7.500%, 09/25/24 12,509 13,822 ------------- 63,831 ------------- POLAND -- 0.3% Government of Poland 5.250%, 01/15/14 3,015 3,011 ------------- RUSSIA -- 7.6% Kazan Orgsintez 9.250%, 10/30/11 675 683 Russian Federation Registered 12.750%, 06/24/28 5,570 10,059 11.000%, 07/24/18 9,585 13,845 8.625%, 05/05/11 1,580 1,579 5.000%, 03/31/30 (H) 36,105 40,759 ------------- 66,925 ------------- SOUTH AFRICA -- 1.3% Republic of South Africa 7.375%, 04/25/12 1,055 1,134 6.500%, 06/02/14 9,805 10,308 ------------- 11,442 ------------- SUPRA-NATIONAL -- 0.2% European Investment Bank 10.000%, 01/28/11 TRY 3,770 2,205 ------------- THAILAND -- 0.9% Bangkok Land (J) (K) 4.500%, 10/13/03 11,643 6,287 True Move (A) 10.750%, 12/16/13 1,250 1,235 ------------- 7,522 ------------- TUNISIA -- 0.5% Banque Centrale de Tunisie 8.250%, 09/19/27 1,095 1,349 7.375%, 04/25/12 2,640 2,859 ------------- 4,208 ------------- TURKEY -- 5.6% Republic of Turkey 19.859%, 07/16/08 TRY 8,900 4,656 11.875%, 01/15/30 8,680 13,389 9.500%, 01/15/14 7,235 8,429 8.000%, 02/14/34 1,500 1,637 7.375%, 02/05/25 3,900 4,019 7.250%, 03/15/15 6,500 6,719 7.000%, 09/26/16-06/05/20 3,090 3,131 6.875%, 03/17/36 3,120 2,980 2.653%, 01/19/11 6,375 4,204 ------------- 49,164 ------------- - -------------------------------------------------------------------------------- Face Amount ($ Thousands) Market Value Description (1)/Shares ($ Thousands) - -------------------------------------------------------------------------------- UKRAINE -- 2.3% Government of Ukraine Registered 8.903%, 08/05/09 (B) 900 $ 953 7.650%, 06/11/13 (C) 4,265 4,591 7.650%, 06/11/13 600 646 6.875%, 03/04/11 (A) 4,475 4,588 6.625%, 03/04/11 1,000 1,029 6.580%, 11/21/16 900 901 6.580%, 11/21/16 (A) 6,735 6,735 Naftogaz Ukrainy 8.125%, 09/30/09 700 683 ------------- 20,126 ------------- UNITED KINGDOM -- 0.2% Credit Suisse First Boston International (Export/Import - Ukraine) 6.800%, 10/04/12 600 585 Credit Suisse First Boston for the City of Kiev 8.000%, 11/06/15 750 776 ------------- 1,361 ------------- URUGUAY -- 4.1% Republic of Uruguay 9.250%, 05/17/17 3,925 4,798 8.000%, 11/18/22 3,700 4,199 7.625%, 03/21/36 5,500 6,050 7.500%, 03/15/15 (C) 11,591 12,489 5.000%, 09/14/18 UYU 2,750 122 5.000%, 09/14/18 UYU 110,500 4,990 Republic of Uruguay PIK 7.875%, 01/15/33 3,019 3,367 ------------- 36,015 ------------- VENEZUELA -- 8.5% Government of Venezuela 13.625%, 08/15/18 1,200 1,842 10.750%, 09/19/13 10,515 13,065 9.375%, 01/13/34 3,000 3,960 9.250%, 09/15/27 26,150 33,341 8.500%, 10/08/14 (C) 7,473 8,456 6.000%, 12/09/20 1,500 1,404 5.750%, 02/26/16 5,375 5,093 5.750%, 02/26/16 6,500 6,152 Government of Venezuela Registered 7.000%, 12/01/18 400 413 5.375%, 08/07/10 (C) 1,850 1,817 ------------- 75,543 ------------- Total Global Bonds (Cost $667,117) ($ Thousands) 737,711 ------------- DEPOSIT WITH COUNTERPARTY AS COLLATERAL FOR SWAP CONTRACTS (G) -- 7.5% UNITED STATES -- 7.5% Deposits with Citibank as Collateral for Swap Contracts Outstanding 422,941 423 Deposits with Citibank as Collateral for Swap Contracts Outstanding 647,785 648 Deposits with Citigroup as Collateral for Swap Contracts Outstanding 1,000,000 1,000 - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006 - -------------------------------------------------------------------------------- Shares/Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 18,700,000 $ 18,700 Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 8,550,000 8,550 Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 11,270,000 11,270 Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 1,000,000 1,000 Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 1,400,000 1,400 Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 1,400,000 1,400 Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 3,600,000 3,600 Deposits with Deutsche Bank as Collateral for Swap Contracts Outstanding 877,046 877 Deposits with JPMorgan Chase as Collateral for Swap Contracts Outstanding 7,812,521 7,812 Deposits with JPMorgan Chase as Collateral for Swap Contracts Outstanding 2,797,988 2,798 Deposits with JPMorgan Chase as Collateral for Swap Contracts Outstanding 248,559 249 Deposits with Merrill Lynch as Collateral for Swap Contracts Outstanding 862,849 863 Deposits with Standard Bank as Collateral for Swap Contracts Outstanding 1,270,000 1,270 Deposits with Standard Bank as Collateral for Swap Contracts Outstanding 419,715 420 Deposits with Standard Bank as Collateral for Swap Contracts Outstanding 351,612 352 Deposits with Standard Bank as Collateral for Swap Contracts Outstanding 438,247 438 Deposits with Standard Chartered Bank as Collateral for Swap Contracts Outstanding 1,135,955 1,136 Deposits with Standard Chartered Bank as Collateral for Swap Contracts Outstanding 1,810,000 1,810 Deposits with Standard Chartered Bank as Collateral for Swap Contracts Outstanding 201,373 201 ------------- Total Deposit with Counterparty as Collateral for Swap Contracts (Cost $66,217) ($ Thousands) 66,217 ------------- - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- LOAN PARTICIPATIONS -- 4.6% BRAZIL -- 1.3% Global Village Telecom Loan PIK, Ser A (Counterparty: Deutsche Bank) (I) (J) (K) 8.000%, 12/31/11 4,656 $ 4,656 Global Village Telecom Loan, Senior Secured Note (Counterparty: Deutsche Bank) (J) (K) 12.000%, 06/30/11 6,204 6,514 ------------- 11,170 ------------- INDONESIA -- 1.0% Indonesia Standby Loan 94 (Counterparty: Deutsche Bank) (B) (J) (K) 4.000%, 12/31/49 5,594 5,482 PKN Tranche Loan A (Counterparty: Citigroup Global Markets) (I) (J) (K) 0.000%, 06/30/11 1,533 1,457 PKN Tranche Loan B (Counterparty: Citigroup Global Markets) (I) (J) (K) 0.000%, 05/01/11 4,200 345 PKN Tranche Loan C Equity (I) (J) (K) 0.000%, 12/31/49 25 -- PKN Tranche Loan D Secured Short Term, Ser 1 (Counterparty: Citibank) (I) (J) (K) 4.000%, 02/09/07 451 449 PKN Tranche Loan D Secured Short Term, Ser 2 (Counterparty: Citibank) (I) (J) (K) 4.000%, 02/09/07 819 815 ------------- 8,548 ------------- MEXICO -- 1.3% Altos Hornos, Promissory Note # 5 (I) (J) (K) 0.000%, 04/29/99 2,500 1,675 Altos Hornos, Promissory Note # 6 (I) (J) (K) 0.000%, 04/29/99 2,500 1,675 Altos Hornos, Promissory Note (Counterparty: Deutche Bank) (I) (J) (K) 0.000%, 12/31/49 4,500 3,015 Altos Hornos, Tranche A (Counterparty: Banc of America) (I) (J) (K) 0.000%, 04/11/04 6,540 4,513 Grupo Accerco Del Norte (Counterparty: Deutsche Bank) (I) (J) (K) 0.000%, 12/31/49 7,750 1,007 ------------- 11,885 ------------- - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- NIGERIA -- 0.0% PPMC GTEE Note (J) (K) 0.000%, 04/15/07 280 $ 280 ------------- SINGAPORE -- 1.0% C2C Loan (Counterparty: Deutsche Bank) (B) (E) (J) (K) 0.000%, 12/31/10 10,800 6,048 C2C Loan, (Counterparty: Direct Bank) (J) (K) 0.000%, 12/31/49 2,495 2,495 ------------- 8,543 ------------- Total Loan Participations (Cost $25,289) ($ Thousands) 40,426 ------------- CORPORATE OBLIGATIONS (D) -- 3.4% UNITED STATES -- 3.4% Allstate Life Global Funding II MTN (A) (B) 5.390%, 01/17/08 455 455 American General Finance (A) (B) 5.400%, 01/17/08 1,435 1,435 Bear Stearns EXL (B) 5.390%, 01/17/08 1,762 1,762 Countrywide Financial Services MTN (B) 5.443%, 06/27/07 594 594 Countrywide Financial Services MTN, Ser A (B) 5.448%, 10/31/07 1,485 1,485 Dekabank (A) (B) 5.394%, 11/20/07 1,831 1,831 Elysian Funding 5.415%, 06/13/07 990 990 Glitnir Bank (A) (B) 5.400%, 04/06/07 1,485 1,485 Irish Life & Permanent MTN, Ser X (A) (B) 5.390%, 01/21/08 1,316 1,316 Islandsbanki (A) (B) 5.420%, 03/22/07 841 841 Jackson National Life Funding (A) (B) 5.349%, 01/03/08 2,178 2,178 Kaupthing Bank MTN (A) (B) 5.430%, 03/20/07 2,474 2,474 Landsbanki Islands (A) (B) 5.430%, 03/16/07 1,881 1,881 Morgan Stanley EXL (B) 5.380%, 01/04/08 346 346 Morgan Stanley EXL, Ser S (B) 5.370%, 01/07/08 495 495 Natexis Banques (A) (B) 5.360%, 01/17/08 965 965 Nationwide Building Society (A) (B) 5.423%, 10/26/07 544 544 5.380%, 01/07/08 990 990 Nordbank (A) (B) 5.380%, 01/24/08 1,683 1,682 Northern Rock (A) (B) 5.390%, 01/03/08 1,019 1,019 Pacific Life Global Funding (A) (B) 5.400%, 01/14/08 742 742 - -------------------------------------------------------------------------------- Face Amount ($ Thousands) Market Value Description (1)/Shares ($ Thousands) - -------------------------------------------------------------------------------- Premium Asset Trust, Ser 2004-10 (A) (B) 5.410%, 01/17/08 1,386 $ 1,386 SLM EXL, Ser S (A) (B) 5.350%, 01/17/08 1,089 1,089 Skandinav Enskilda Bank (A) (B) 5.350%, 01/18/08 1,089 1,089 Stanfield Victoria MTN (A) (B) 5.445%, 06/11/07 990 990 ------------- Total Corporate Obligations (Cost $30,064) ($ Thousands) 30,064 ------------- ASSET-BACKED SECURITIES (A)(B)(D) -- 0.4% UNITED STATES -- 0.4% Duke Funding, Ser 2004-6B, Cl A1S1 5.440%, 10/09/07 743 743 Newcastle CDO Limited, Ser 2005- 6A, Cl IM1 5.370%, 04/24/07 198 198 Park Place Securities NIM Trust, Ser 2004-MM1, Cl AM6 5.380%, 02/26/07 214 214 Saturn Ventures II 5.410%, 02/07/07 797 797 TIAA Real Estate, Ser 2003-1A, Cl A1 5.380%, 09/28/07 736 736 Witherspoon CDO Funding 5.360%, 03/15/07 854 854 ------------- Total Asset-Backed Securities (Cost $3,542) ($ Thousands) 3,542 ------------- COMMON STOCK -- 0.0% THAILAND -- 0.0% TPI Polene Public* 595,488 189 ------------- Total Common Stock (Cost $194) ($ Thousands) 189 ------------- Number of Warrants ------------ WARRANTS -- 0.0% CYPRUS -- 0.0% Teorema Holding, Expires 10/27/09* 188 -- NIGERIA -- 0.0% Central Bank of Nigeria, Expires 11/15/20 (K)* 2,250 -- ------------- Total Warrants (Cost $0) ($ Thousands) -- ------------- MASTER NOTES (B)(D) -- 0.3% Bank of America 5.383%, 12/30/06 2,474 2,474 Bear Stearns 5.433%, 12/30/06 297 297 ------------- Total Master Notes (Cost $2,771) ($ Thousands) 2,771 ------------- - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006 - -------------------------------------------------------------------------------- Face Amount Market Value Description ($ Thousands) (1) ($ Thousands) - -------------------------------------------------------------------------------- COMMERCIAL PAPER (D)(E) -- 0.2% UNITED STATES -- 0.2% KKR Pacific Funding Trust 5.348%, 01/02/07 495 $ 494 Ocala Funding LLC 5.388%, 01/26/07 495 493 Rhineland Funding Capital 5.393%, 02/13/07 490 487 5.380%, 01/25/07 624 621 ------------- Total Commercial Paper (Cost $2,095) ($ Thousands) 2,095 ------------- CERTIFICATES OF DEPOSIT (D) -- 0.2% UNITED STATES -- 0.2% Barclays Bank 5.440%, 06/11/07 495 495 CC USA (A) 5.520%, 06/18/07 990 990 US Trust Company New York (B) 5.390%, 03/13/07 396 396 ------------- Total Certificates of Deposit (Cost $1,881) ($ Thousands) 1,881 ------------- REPURCHASE AGREEMENTS (D)(F) -- 1.0% Barclays Capital 5.280%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $1,115,899 (collateralized by a U.S. Government Obligation, par value $1,139,208, 0.000%, 06/18/08, total market value $1,137,556) 1,115 1,115 Deutsche Bank 5.280%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $480,254 (collateralized by U.S. Government Obligations, ranging in par value $5,394-$382,369, 4.625%-6.250%, 02/01/11-03/03/25, total market value $489,611) 480 480 Lehman Brothers 5.280%, dated 12/29/06, to be repurchased on 01/02/07, repurchase price $6,929,606 (collateralized by U.S. Government Obligations, ranging in par value $16,480-$284,814, 0.000%-7.350%, 02/22/07-05/08/30, total market value $7,067,181) 6,929 6,929 ------------- Total Repurchase Agreements (Cost $8,524) ($ Thousands) 8,524 ------------- Total Investments -- 100.9% (Cost $807,694) ($ Thousands)+ $ 893,420 ============= - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006 Forward Foreign Currency Contracts-- A summary of the outstanding forward foreign currency contracts held by the Fund at December 31, 2006, is as follows: - -------------------------------------------------------------------------------- UNREALIZED CURRENCY CURRENCY APPRECIATION SETTLEMENT TO DELIVER TO RECEIVE (DEPRECIATION) DATE (THOUSANDS) (THOUSANDS) ($ THOUSANDS) - -------------------------------------------------------------------------------- 1/3/07 BRL 11,948 USD 5,529 $ (67) 1/3/07-2/2/07 USD 10,949 BRL 23,896 216 1/10/07-3/12/07 USD 900 NGN 115,632 (2) 1/16/07 RUB 18,372 USD 700 2 1/16/07-3/22/07 USD 11,643 RUB 314,344 298 1/18/07-2/22/07 USD 17,705 MXP 192,996 96 1/23/07 USD 4,394 EUR 3,350 27 1/23/07-2/22/07 EUR 15,046 USD 19,078 (784) 1/25/07 USD 11,361 PLZ 32,610 (117) 1/25/07 USD 10,520 ZAR 78,501 597 1/25/07 ZAR 27,247 USD 3,808 (50) ----------------- $ 216 ================= Futures -- A summary of the open futures contracts held by the Fund at December 31, 2006, is as follows: - -------------------------------------------------------------------------------- UNREALIZED TYPE OF NUMBER OF EXPIRATION APPRECIATION CONTRACT CONTRACTS DATE ($ THOUSANDS) - -------------------------------------------------------------------------------- U.S. Long Treasury Bond (58) Mar-2007 $ 100 ================= - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006 Swaps -- A summary of outstanding swap agreements held by Fund at December 31, 2006 is as follows:
- ------------------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN SWAPS - ------------------------------------------------------------------------------------------------------------------------------------ UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE ($ THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Fund receives payment at maturity on the Brazilian CDI Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Deutsche Bank) 08/15/10 $ 1,400 $ 135 Fund receives payment at maturity on the Brazilian CDI Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: JPMorgan Chase) 08/15/10 12,000 689 Fund receives payment at maturity on the Brazilian CDI Index times the notional amount. Fund receives payment if the return on the spread appreciates over the return on the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: JPMorgan Chase) 05/15/11 4,214 158 Fund receives payment at maturity on the Brazilian CDI Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Merrill Lynch) 08/15/10 1,400 93 Fund receives payment at maturity on the Nigerian NGN Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Citigroup) 02/07/07 143,103 102 Fund receives payment at maturity on the Nigerian NGN Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Citigroup) 03/05/07 59,341 31 Fund receives payment at maturity on the Nigerian NGN Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Citigroup) 05/08/07 251,470 81 - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006
- ------------------------------------------------------------------------------------------------------------------------------------ UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE ($ THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Fund receives payment at maturity on the Nigerian NGN Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Citigroup) 04/03/09 $ 82,011 $ 34 Fund receives payment at maturity on the Nigerian NGN Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Standard Bank) 02/06/07 60,130 44 Fund receives payment at maturity on the Nigerian NGN Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Standard Bank) 05/08/07 176,342 63 Fund receives payment at maturity on the Nigerian NGN Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Standard Bank) 12/20/08 45,003 36 Fund receives payment at maturity on the Nigerian NGN Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Standard Bank) 02/26/09 55,618 12 Fund receives payment at maturity on the Nigerian NGN Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Standard Charter Bank) 05/04/07 158,728 68 Fund receives payment at maturity on the Nigerian NGN Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Standard Charter Bank) 05/15/07 28,424 14 - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006
- ------------------------------------------------------------------------------------------------------------------------------------ UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE ($ THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Fund receives payment at maturity on the Zambia CPI Index times the notional amount. Fund receives payment if the return on the spread appreciates over the payment period and pays if the return on the spread depreciates over the payment period. (Counterparty: Citigroup) 12/26/06 $ 2,439,174 $ (35) - ------------------------------------------------------------------------------------------------------------------------------------ $ 1,525 ==================================================================================================================================== CREDIT DEFAULT SWAPS - ------------------------------------------------------------------------------------------------------------------------------------ Fund receives quarterly payment of 0.9225% (3.690% per annum) on a termination date. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: JPMorgan Chase) 10/20/15 $ 4,500 $ 703 Fund receives quarterly payment of 0.4000% (1.600% per annum) times the notional amount of JSC Gazprom, 8.625%, 04/28/34. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Credit Suisse First Boston) 01/20/16 8,550 334 Fund receives quarterly payment of 0.3425% (1.370% per annum) times the notional amount of JSC Gazprom, 8.625%, 04/28/34. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Credit Suisse First Boston) 08/20/16 1,000 27 Fund receives semi-annual payment of 2.875% (5.750% per annum) times the notional amount of Naftogaz Ukrainy, 8.125%, 09/30/09. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Credit Suisse First Boston) 12/20/07 1,400 1 Fund receives semi-annual payment of 2.875% (5.750% per annum) times the notional amount of Naftogaz Ukrainy, 8.125%, 09/30/09. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Credit Suisse First Boston) 12/20/08 1,400 1 Fund receives semi-annual payment of 2.875% (5.750% per annum) times the notional amount of Naftogaz Ukrainy, 8.125%, 09/30/09. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Credit Suisse First Boston) 12/20/09 3,600 14 Fund receives quarterly payment of 0.1588% (0.635% per annum) times the notional amount of Russian Federation Registered, 5.000%, 03/31/30. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Credit Suisse First Boston) 03/20/16 11,270 7 - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006
- ------------------------------------------------------------------------------------------------------------------------------------ UNREALIZED NOTIONAL APPRECIATION EXPIRATION AMOUNT (DEPRECIATION) DESCRIPTION DATE ($ THOUSANDS) ($ THOUSANDS) - ------------------------------------------------------------------------------------------------------------------------------------ Fund receives quarterly payment of 0.2950% (1.180% per annum) times the notional amount of Russian Federation Registered, 4.107%, 04/15/10. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Credit Suisse First Boston) 04/15/10 $ 2,000 $ 49 Fund receives quarterly payment of 0.2225% (0.890% per annum) times the notional amount of Russian Federation Registered, 4.107%, 09/10/15. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Credit Suisse First Boston) 09/20/15 4,350 84 Fund receives quarterly payment of 0.1775% (0.710% per annum) times the notional amount of Russian Federation Registered, 5.000%, 03/31/30. Upon a defined credit event, Fund pays the notional amount and takes receipt of the defined deliverable obligation. (Counterparty: Deutsche Bank) 01/20/16 18,700 622 - ------------------------------------------------------------------------------------------------------------------------------------ $ 1,842 ====================================================================================================================================
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 Schedule of Investments (Unaudited) Emerging Markets Debt Fund December 31, 2006 Percentages are based on Net Assets of $885,219 ($ Thousands). * Non-Income Producing Security (1) In U.S. dollars unless otherwise indicated. (A) This security was sold within terms of a 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". These securities have been determined to be liquid under guidelines established by the Board of Trustees. (B) Variable Rate Security -- The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2006. (C) This security or a partial position of this security is on loan at December 31, 2006. The total value of securities on loan at December 31, 2006 was $44,494 ($ Thousands). (D) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2006 was $48,877 ($ Thousands). (E) The rate reported is the effective yield at time of purchase. (F) Tri-Party Repurchase Agreement. (G) Cash on loan to swap counterparty as collateral for outstanding swap contracts. (H) Step Bonds -- The rate reflected on the Schedule of Investments is the effective yield on December 31, 2006. The coupon on a step bond changes on a specified date. (I) Security in default on interest payments. (J) Securities considered illiquid. The total value of such securities as of December 31, 2006 was $48,527 ($ Thousands) and represents 5.48% of net assets. (K) Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total value of such securities as of December 31, 2006 was $48,527 ($ Thousands) and represents 5.48% of net assets. (L) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. BRL -- Brazilian Real CDO -- Collateralized Debt Obligation COP -- Chilean Peso Cl -- Class EUR -- Euro EXL -- Extendable Maturity LLC -- Limited Liability Company IDR -- Indonesian Rupiah FLIRB -- Front Loaded Interest Reduction Bond ITL -- Italian Lira MTN -- Medium Term Note MXP -- Mexican Peso NGN -- Nigerian Naira NIM -- Net Interest Margin PIK -- Payment-in-Kind PLZ -- Polish Zloty RUB -- Russian Ruble Ser -- Series USD -- U.S. Dollar UYU -- Uruguay Peso TRY -- Turkish Lira ZAR -- South African Rand + At December 31, 2006, the tax basis cost of the Fund's total investments was $807,694 ($ Thousands), and the unrealized appreciation and depreciation were $91,934 ($ Thousands) and $(6,208) ($ Thousands), respectively. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. Amounts designated as "--" are $0 or have been rounded to $0. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2006 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 28, 2007 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 28, 2007 By (Signature and Title)* /s/ Stephen F. Panner ----------------------------------------- Stephen F. Panner, Controller & CFO Date: February 28, 2007 * Print the name and title of each signing officer under his or her signature. EX-99.CERT 2 sit302cert_rn.txt SEI INSTITUTIONAL INTERNATIONAL TRUST 302 CERT_RN CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Robert A. Nesher, certify that: 1. I have reviewed this report on Form N-Q of SEI Institutional International Trust; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: February 28, 2007 /s/ Robert A. Nesher - ------------------------ Robert A. Nesher Chief Executive Officer EX-99.CERT 3 sit302cert_sp.txt SEI INSTITUTIONAL INTERNATIONAL TRUST 302 CERT_SP CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Stephen F. Panner, certify that: 1. I have reviewed this report on Form N-Q of SEI Institutional International Trust; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: February 28, 2007 /s/ Stephen F. Panner - --------------------------- Stephen F. Panner Controller & CFO -----END PRIVACY-ENHANCED MESSAGE-----