-----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, SLnY1T3PE0FYMsaz9yQR5lkD/jtyNefJ2mD7yg75yk8xkIV4OuIpBeThFmo4Wh8U mz6uJ5lSfnkW7+l7ncbxfg== 0000935069-09-000511.txt : 20090302 0000935069-09-000511.hdr.sgml : 20090302 20090302161251 ACCESSION NUMBER: 0000935069-09-000511 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20081231 FILED AS OF DATE: 20090302 DATE AS OF CHANGE: 20090302 EFFECTIVENESS DATE: 20090302 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: 09647588 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 C000073411 SIT International Equity Fund - Class G 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 C000073412 SIT Emerging Markets Equity Fund - Class G 0000835597 S000006421 SIT EMERGING MARKETS DEBT FUND C000017610 SIT EMERGING MARKETS DEBT FUND - CLASS A SITEX C000073413 SIT Emerging Markets Debt Fund - Class G N-Q 1 sitnqcomb12_08.txt SEI INSTITUTIONAL INTERNATIONA TRUST 12_08 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 811-05601 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, 2009 DATE OF REPORTING PERIOD: DECEMBER 31, 2008 ITEM 1. SCHEDULE OF INVESTMENTS SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- COMMON STOCK -- 93.4% AUSTRALIA -- 3.8% AGL Energy(A) 63,500 $ 677 Amcor(A) 79,374 322 Ansell(A) 22,700 199 Aristocrat Leisure(A) 29,642 81 Australia & New Zealand Banking Group(A)(B) 340,090 3,672 AWB(A) 130,566 233 Babcock & Brown(A)(B) 28,888 3 Bank of Queensland(A) 10,300 72 Beach Petroleum(A) 25,000 17 BHP Billiton(A) 537,083 11,410 Billabong International(A) 11,244 62 BlueScope Steel(A) 59,673 147 Boart Longyear Group(A) 62,988 9 Boral(A) 4,900 16 Brambles(A) 115,284 599 Caltex Australia(A) 35,705 180 CFS Retail Property Trust(A)(B)(C) 116,000 152 Challenger Financial Services Group(A)(B) 294,431 406 Coca-Cola Amatil(A) 105,170 676 Cochlear(A) 17,582 681 Commonwealth Bank of Australia(A) 78,574 1,617 Computershare(A) 114,764 627 Crown(A) 51,856 217 CSL(A) 331,984 7,829 CSR(A) 82,300 102 Dexus Property Group(A)(C) 248,500 142 Downer EDI(A) 135,293 363 Energy Resources of Australia(A) 14,457 193 Felix Resources(A) 15,387 96 Flight Centre(A) 15,900 87 Foster's Group(A) 243,346 936 Goodman Fielder(A)(B) 1,054,412 980 Goodman Group(A)(C) 411,089 212 GPT Group(A)(B)(C) 94,086 61 Iluka Resources(A) 24,402 79 Incitec Pivot(A) 580,216 1,017 ING Industrial Fund(A)(B)(C) 519,909 51 Insurance Australia Group(A) 133,800 365 John Fairfax Holdings(A)(B) 45,656 52 Lion Nathan(A)(B) 69,600 400 Macquarie Airports(A)(B) 648,133 1,091 Macquarie Group(A)(B) 21,773 442 Macquarie Infrastructure Group(A)(B) 1,425,633 1,709 Macquarie Office Trust(A)(C) 78,858 13 Mirvac Group(A)(B)(C)(D) 43,593 39 National Australia Bank(A) 315,032 4,631 Newcrest Mining(A) 63,159 1,503 Nufarm(A) 115,798 854 OneSteel(A) 30,227 52 Orica(A) 43,600 428 Origin Energy(A) 241,696 2,726 Pacific Brands(A)(B) 434,679 131 QBE Insurance Group(A) 109,032 1,971 Ramsay Health Care(A) 6,867 50
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Rio Tinto(A)(B) 20,141 $ 540 Santos(A) 48,700 510 Suncorp-Metway(A) 87,805 517 TABCORP Holdings(A) 108,883 533 Telstra(A) 1,311,909 3,512 Wesfarmers(A)(B) 127,850 1,614 Westfield Group(A)(B)(C) 145,490 1,321 Westpac Banking(A) 239,311 2,870 Woodside Petroleum(A) 10,127 262 Woolworths(A) 148,499 2,769 ------------- 65,128 ------------- AUSTRIA -- 0.3% Erste Group Bank(A)(B) 27,901 650 IMMOFINANZ(A)(B) 37,315 26 OMV(A) 71,902 1,911 Raiffeisen International Bank Holding(A)(B) 5,749 160 Voestalpine(A)(B) 73,460 1,587 ------------- 4,334 ------------- BELGIUM -- 0.9% Banque Nationale de Belgique(A) 3 10 Colruyt(A) 4,190 900 Delhaize Group(A) 63,556 3,929 Dexia(A)(B) 133,423 605 Elia System Operator(A) 506 17 Euronav(A) 9,144 126 Fortis(A)(B) 213,225 281 Groupe Bruxelles Lambert(A) 24,648 1,975 InBev(A) 64,078 1,488 KBC Groep(A) 24,592 739 Solvay(A)(B) 67,300 4,997 Telenet Group Holding*(A) 1,842 32 UCB(A) 36,354 1,186 ------------- 16,285 ------------- BERMUDA -- 0.1% Hiscox (GBP)(A) 124,000 617 Huabao International Holdings (HKD)(A) 15,000 10 Seadrill (NOK)(A) 80,259 654 ------------- 1,281 ------------- BRAZIL -- 0.1% Unibanco - Uniao de Bancos Brasileiros ADR 18,180 1,175 ------------- CANADA -- 1.8% Barrick Gold 78,200 2,832 Brookfield Asset Management, Cl A 77,860 1,170 Canadian National Railway 81,660 2,962 EnCana 153,320 7,117 Fairfax Financial Holdings 3,300 1,043 Goldcorp 207,080 6,529 Inmet Mining 13,400 213 Methanex 45,800 508 Nexen 0 -- Petro-Canada 187,410 4,056 Royal Bank of Canada 29,700 869
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Sun Life Financial 93,460 $ 2,153 TELUS, Cl A 645 18 Toronto-Dominion Bank 31,940 1,124 ------------- 30,594 ------------- CHINA -- 0.8% Bank of Communications(A)(B) 4,256,000 3,093 China Life Insurance(A) 1,372,900 4,218 China Petroleum & Chemical(A) 3,519,710 2,164 China Railway Group*(A) 1,722,000 1,204 Industrial & Commercial Bank of China(A)(B) 5,500,000 2,920 ------------- 13,599 ------------- CZECH REPUBLIC -- 0.1% CEZ(A) 57,270 2,436 ------------- DENMARK -- 0.7% A P Moller - Maersk, Cl A(A) 590 3,229 Carlsberg, Cl B(A) 1,146 37 D/S Norden(A) 1,669 59 Danisco(A) 18,685 763 Danske Bank(A) 104,732 1,055 East Asiatic(A) 8,638 294 Novo Nordisk, Cl B(A) 54,155 2,794 Vestas Wind Systems*(A) 55,975 3,294 ------------- 11,525 ------------- FINLAND -- 1.2% Fortum(A) 60,697 1,319 Konecranes(A) 28,285 492 Metso(A) 55,031 675 Nokia(A) 539,389 8,464 Pohjola Bank, Cl A(A) 18,456 257 Sampo, Cl A(A) 274,019 5,187 Stora Enso, Cl R(A) 165,200 1,309 UPM-Kymmene(A) 182,095 2,334 Wartsila, Cl B(A) 34,131 1,031 YIT(A) 3,383 22 ------------- 21,090 ------------- FRANCE -- 9.2% Air France-KLM(A) 46,598 601 Alcatel-Lucent(A) 158,742 344 Alstom(A) 16,453 980 Arkema(A) 33,500 577 Atos Origin(A) 600 15 AXA(A) 76,037 1,707 BNP Paribas(A) 166,608 7,192 Bouygues(A) 28,123 1,193 Bureau Veritas(A) 17,224 692 Capital Gemini(A) 41,884 1,620 Carrefour(A) 9,162 354 Casino Guichard Perrachon(A) 11,712 893 Christian Dior(A) 20,100 1,136 Cie de Saint-Gobain(A) 29,251 1,382 CNP Assurances(A) 18,431 1,339 Compagnie Generale de Geophysique*(A) 13,322 199
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Compagnie Generale des Etablissements Michelin, Cl B(A) 55,000 $ 2,906 Credit Agricole(A) 281,988 3,167 Eramet(A) 3,240 632 Eurazeo(A) 1,891 89 Eutelsat Communications(A) 27,677 654 France Telecom(A) 820,256 22,863 GDF Suez(A) 211,330 10,490 Gemalto*(A) 55,569 1,398 Lafarge(A) 18,160 1,111 Lagardere SCA(A) 64,905 2,637 Neopost(A) 7,973 723 Pernod-Ricard(A) 38,032 2,825 Peugeot(A) 40,464 692 PPR(A) 17,211 1,127 Publicis Groupe(A) 5,913 153 Rallye(A) 7,384 167 Renault(A) 209,594 5,470 Sanofi-Aventis(A) 379,283 24,260 Schneider Electric(A) 17,043 1,269 SCOR(A) 28,610 661 Societe Generale(A) 159,992 8,117 Suez(A) 20 1 Suez Environnement*(A) 216,208 3,651 Thales(A) 3,693 155 Total(A) 533,355 29,323 UBISOFT Entertainment*(A) 26,480 520 Unibail(A)(C) 5,207 778 Vallourec(A) 16,344 1,858 Veolia Environnement(A) 21,049 664 Vilmorin & Cie(A) 205 21 Vivendi(A) 258,332 8,420 Wendel(A) 21,949 1,098 ------------- 158,124 ------------- GERMANY -- 8.5% Allianz(A) 122,153 12,997 Arcandor*(A) 17,062 75 BASF(A) 171,531 6,665 Bayer(A) 245,681 14,315 Bilfinger Berger(A) 10,067 539 Celesio(A) 42,210 1,142 Commerzbank(A) 129,481 1,230 DaimlerChrysler(A) 52,068 1,984 Deutsche Bank(A) 203,581 8,051 Deutsche Boerse(A) 1,222 88 Deutsche Lufthansa(A) 386,981 6,363 Deutsche Post(A) 335,454 5,674 Deutsche Postbank(A) 6,675 144 Deutsche Telekom(A) 707,445 10,696 E.ON(A) 573,447 22,518 Fresenius Medical Care(A) 140,684 6,467 GEA Group(A) 45,380 788 Hannover Rueckversicherung(A) 21,833 694 HeidelbergCement(A) 6,807 298 Henkel KGaA(A) 31,965 833 Hochtief(A) 19,079 984 Hypo Real Estate Holding(A)(B) 25,400 112 K+S(A) 4,530 259 KSB(A) 239 120 Lanxess(A) 23,407 449
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Linde(A) 14,581 $ 1,224 MAN(A) 22,306 1,251 Merck KGaA(A) 3,785 339 Muenchener Rueckversicherungs(A) 65,923 10,234 MVV Energie(A) 1,364 62 RWE(A) 120,794 10,729 Salzgitter(A) 13,929 1,083 SAP(A) 154,408 5,603 SGL Carbon*(A) 25,000 839 Siemens(A) 74,189 5,585 Suedzucker(A)(B) 77,688 1,177 ThyssenKrupp(A) 42,356 1,179 Tognum(A) 36,931 491 TUI(A) 121,790 1,447 United Internet(A) 28,744 260 Volkswagen(A) 772 269 ------------- 145,257 ------------- GREECE -- 0.2% Alpha Bank AE(A) 71,700 671 Marfin Investment Group(A) 98,813 399 OPAP(A) 61,735 1,777 Piraeus Bank(A) 27,195 243 Public Power(A) 59,881 962 ------------- 4,052 ------------- HONG KONG -- 2.0% Allied Properties HK(A) 308,000 30 BOC Hong Kong Holdings(A) 1,240,900 1,420 Cheung Kong Holdings(A) 228,000 2,175 China Agri-Industries Holdings*(A) 75,000 38 China Mobile(A) 799,400 8,111 China Overseas Land & Investment(A)(B) 2,468,000 3,465 Chinese Estates Holdings(A) 146,000 167 CLP Holdings(A) 207,000 1,407 Dairy Farm International Holdings(A) 3,600 15 Emperor International Holdings(A) 175,680 15 Esprit Holdings(A) 292,400 1,666 First Pacific(A) 104,000 36 Great Eagle Holdings(A) 88,460 99 Guoco Group(A) 62,000 363 Hang Seng Bank(A) 151,350 1,998 Henderson Land Development(A)(B) 29,250 109 Hong Kong & China Gas(A) 12,000 18 HongKong Electric Holdings(A) 334,200 1,882 Hongkong Land Holdings(A) 816,000 2,035 Hopewell Highway Infrastructure(A) 332,710 186 Hopewell Holdings(A) 43,000 143 Hutchison Telecommunications International(A) 328,000 89 Hutchison Whampoa(A) 399,300 2,016 Hysan Development(A) 67,000 109 Jardine Matheson Holdings(A) 29,600 549 Jardine Strategic Holdings(A) 49,000 512 Johnson Electric Holdings(A)(B) 529,580 90 Kingboard Chemical Holdings(A) 72,000 131
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Kowloon Development(A)(B) 210,080 $ 80 Miramar Hotel & Investment(A) 6,000 4 MTR(A) 320,000 745 New World Development(A) 271 -- Noble Group(A) 1,046,000 749 NWS Holdings(A) 138,040 207 Orient Overseas International(A) 44,000 99 Pacific Basin Shipping(A) 222,000 102 Pacific Century Premium Developments(A) 540,000 123 Road King Infrastructure(A) 8,000 3 SEA Holdings 38,000 11 Shui On Construction and Materials(A) 8,000 6 Sinolink Worldwide Holdings(A) 1,140,000 93 SRE Group(A) 567,167 38 Sun Hung Kai(A) 92,000 47 Sun Hung Kai Properties(A) 24,000 202 Texwinca Holdings(A) 16,000 7 Transport International Holdings(A) 8,800 22 Truly International Holdings(A) 16,000 9 VTech Holdings(A) 8,000 34 Wharf Holdings(A) 361,186 1,000 Wheelock(A) 304,850 672 Wing Hang Bank(A) 6,500 38 Wing On International(A) 22,000 23 Yue Yuen Industrial Holdings(A) 202,690 402 ------------- 33,590 ------------- IRELAND -- 0.0% Experian(A) 69,034 435 Kerry Group, Cl A(A) 21,874 399 ------------- 834 ------------- ISRAEL -- 0.4% Teva Pharmaceutical Industries ADR 163,690 6,968 ------------- ITALY -- 3.5% ACEA(A) 60,990 831 Banco Popolare Scarl(A)(B) 256,769 1,821 Enel(A) 920,837 5,932 ENI(A) 705,333 16,973 Fiat(A) 175,921 1,178 Finmeccanica(A) 199,547 3,091 Fondiaria-Sai(A) 18,279 334 IFIL - Investments(A) 278,932 722 Intesa Sanpaolo(A) 1,995,414 7,151 Iride(A) 20,005 27 Italcementi(A) 14,765 103 Mediobanca(A) 77,150 793 Milano Assicurazioni SPA(A) 49,530 155 Prysmian(A) 6,455 102 Telecom Italia(A) 9,782,766 14,877 Terna Rete Elettrica Nazionale(A) 269,090 888 UniCredito Italiano(A) 1,459,312 3,710 Unipol Gruppo Finanziario(A) 581,239 911 ------------- 59,599 -------------
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Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- JAPAN -- 22.2% 77 Bank(A) 105,000 $ 572 Accordia Golf(A) 109 56 ADEKA(A) 10,600 78 Aderans(A) 2,300 24 Aeon(A) 94,800 955 Aeon Credit Service(A) 67,100 707 Aeon Delight(A) 4,200 122 Aichi Bank(A) 1,200 91 Aida Engineering(A)(B) 6,000 22 Aioi Insurance(A) 36,000 188 Aisan Industry(A) 7,500 37 Aisin Seiki(A) 28,100 402 Ajinomoto(A) 90,000 982 Akita Bank(A) 20,000 86 All Nippon Airways(A) 165,000 650 Aloka(A) 3,700 33 Amada(A) 70,000 340 Amano(A) 100 1 AOC Holdings(A) 10,600 59 AOKI Holdings(A) 3,800 39 Aoyama Trading(A) 6,800 108 Aozora Bank(A) 38,000 36 Asahi Breweries(A) 77,300 1,337 Asahi Glass(A) 143,000 815 Asahi Kasei(A) 196,000 865 Astellas Pharma(A) 143,700 5,882 Bank of Kyoto(A)(B) 207,000 2,320 Bank of Nagoya(A) 27,000 150 Bank of Saga(A) 2,000 7 Bank of the Ryukyus(A) 1,200 12 Belluna(A)(B) 5,200 14 Benesse(A) 27,200 1,190 BML(A) 1,100 24 Bridgestone(A) 86,800 1,302 Calsonic Kansei(A) 38,000 54 Canon(A) 70,000 2,218 Canon Electronics(A) 2,200 31 Canon Finetech(A) 10,000 108 Canon Marketing Japan(A) 3,000 48 Cawachi(A) 15,200 345 Central Japan Railway(A) 330 2,862 Century Leasing System(A) 2,400 21 Chiba Bank(A) 149,000 932 Chiba Kogyo Bank*(A) 6,400 92 Chubu Electric Power(A) 100,200 3,052 Chudenko(A)(B) 8,000 136 Circle K Sunkus(A)(B) 26,200 474 CKD(A) 5,300 20 Coca-Cola Central Japan 6 43 Coca-Cola West(A) 6,700 145 Corona(A) 1,900 19 Cosmo Oil(A) 14,000 44 Credit Saison(A) 56,400 783 CyberAgent(A)(B) 630 390 Dai Nippon Printing(A) 22,000 243 Daicel Chemical Industries(A) 7,000 33 Daihatsu Motor(A) 95,000 840 Daiichi Sankyo(A) 96,500 2,282 Daiichikosho(A) 7,000 72 Dainippon Ink and Chemicals(A) 176,000 371
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Dainippon Sumitomo Pharma(A) 60,000 $ 562 Daishi Bank(A) 34,000 151 Daiwa Securities Group(A) 12,000 72 DCM Japan Holdings(A)(B) 31,100 221 Dena(A)(B) 30 97 Denki Kagaku Kogyo(A) 8,000 20 Denso(A) 50,100 849 Dydo Drinco(A) 100 3 Earth Chemical(A) 1,400 41 East Japan Railway(A) 1,212 9,212 EDION(A) 5,500 27 Ehime Bank(A) 21,000 73 Eighteenth Bank(A) 23,000 86 Eisai(A) 17,100 714 Electric Power Development(A) 54,700 2,150 FamilyMart(A) 100,500 4,365 Fancl*(A)(E) 1,200 16 Fast Retailing(A) 30,700 4,505 Fuji Electric Holdings(A) 126,000 190 Fuji Fire & Marine Insurance(A) 22,000 33 Fuji Heavy Industries(A) 134,000 368 Fuji Machine Manufacturing(A) 3,300 28 Fuji Media Holdings(A) 86 123 FUJIFILM Holdings(A) 84,100 1,877 Fujitsu(A) 1,287,000 6,257 Fujitsu Business Systems(A) 100 2 Fukuda Denshi(A) 300 8 Fukuoka Financial Group(A) 153,000 669 Furukawa Electric(A) 308,000 1,503 Furuno Electric(A) 4,400 27 Futaba(A) 2,200 28 Fuyo General Lease(A) 900 18 Gunma Bank(A) 7,000 45 Hachijuni Bank(A) 40,000 230 Hankyu Hanshin Holdings(A) 7,000 40 Heiwado(A) 7,200 116 Higashi-Nippon Bank(A) 24,000 84 Higo Bank(A) 23,000 145 HI-LEX CORP(A) 4,600 39 Hino Motors(A) 69,000 142 Hisamitsu Pharmaceutical(A) 30,300 1,239 Hitachi(A) 1,186,000 4,603 Hitachi Capital(A) 14,700 184 Hitachi Chemical(A) 34,600 359 Hitachi Information Systems(A) 100 2 Hitachi Koki(A) 18,700 157 Hitachi Maxell(A) 12,900 120 Hitachi Metals(A) 116,000 540 Hitachi Software Engineering(A) 17,400 270 Hitachi Systems & Services(A) 3,400 36 Hitachi Transport System(A) 2,100 32 Hokkaido Electric Power(A) 21,800 551 Hokuetsu Bank(A) 35,000 79 Hokuriku Electric Power(A) 14,800 419 Honda Motor(A) 371,000 7,902 Hosiden(A)(B) 15,300 242 House Foods(A) 300 5 Hyakugo Bank(A) 35,000 212 Hyakujushi Bank(A) 22,000 125 Inpex Holdings(A) 297 2,368 Isetan Mitsukoshi Holdings(A)(B) 12,200 105 Isuzu Motors(A) 873,000 1,128
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- IT Holdings(A) 6,500 $ 102 Itochu(A) 494,000 2,492 Itochu Enex(A) 9,500 67 Itoham Foods(A) 1,000 4 IWATANI CORP(A)(B) 33,000 83 Izumiya(A) 10,000 65 J Front Retailing(A) 50,000 207 Japan Airlines(A) 264,000 623 Japan Aviation Electronics Industry(A) 16,000 67 Japan Petroleum Exploration(A) 4,900 215 Japan Steel Works(A) 425,450 5,957 Japan Tobacco(A) 1,171 3,879 JFE Holdings(A) 167,800 4,459 JFE Shoji Holdings(A) 19,000 59 JGC(A) 15,000 225 JTEKT(A) 7,200 56 Juroku Bank(A) 49,000 234 Kagawa Bank(A) 5,000 27 Kamigumi(A) 32,000 284 Kaneka(A) 58,000 371 Kansai Electric Power(A) 54,800 1,587 Kanto Natural Gas Development(A) 8,000 51 Kao(A) 219,000 6,652 Kasumi(A) 9,000 50 Kato Sangyo(A) 200 3 Kawasaki Kisen Kaisha(A) 239,000 1,121 KDDI(A) 776 5,541 Keisei Electric Railway(A) 60,000 375 Keiyo Bank(A) 15,000 77 Kikkoman(A) 36,000 428 Kirin Brewery(A) 162,000 2,154 Kobe Steel(A) 4,000 7 Kohnan Shoji(A) 3,800 51 Koito Manufacturing(A) 1,000 6 Komatsu(A) 118,700 1,514 Komori(A) 8,200 90 Konami(A) 46,500 1,206 Konica Minolta Holdings(A) 23,500 183 Kose(A) 7,600 191 Kuraray(A) 70,500 552 Kurita Water Industries(A) 41,000 1,108 Kuroda Electric(A) 4,100 39 Kyoei Steel(A) 5,700 115 Kyorin(A) 8,000 114 Kyowa Hakko Kogyo(A) 64,000 672 Kyushu Electric Power(A) 51,400 1,365 Lawson(A) 55,900 3,224 Leopalace21(A) 57,900 587 Lintec(A) 14,900 208 Lion(A)(B) 27,000 146 Mabuchi Motor(A) 1,500 62 Maeda(A) 20,000 81 Makita(A) 22,300 499 Mandom(A) 3,200 91 Marubeni(A) 636,000 2,435 Marudai Food(A) 19,000 54 Marui(A) 17,800 104 Maruichi Steel Tube(A) 4,700 131 Maruzen Showa Unyu(A) 2,000 7 Matsushita Electric Industrial(A) 163,000 2,004
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Maxvalu Nishinihon(A) 200 $ 3 Mazda Motor(A) 468,000 794 Mediceo Paltac Holdings(A) 100 1 Meiji Dairies(A) 30,000 162 Meiji Seika Kaisha(A)(B) 54,000 260 Michinoku Bank(A) 2,000 5 Micronics Japan(A) 200 2 Mie Bank(A) 18,000 74 Mikuni Coca-Cola Bottling(A) 3,400 33 Millea Holdings(A) 181,500 5,378 Minato Bank(A)(B) 32,000 50 Ministop(A) 600 13 Mitsubishi(A) 496,000 7,025 Mitsubishi Chemical Holdings(A) 798,500 3,538 Mitsubishi Electric(A) 361,000 2,262 Mitsubishi Estate(A) 99,000 1,635 Mitsubishi Gas Chemical(A) 252,000 1,034 Mitsubishi Materials(A) 33,000 84 Mitsubishi UFJ Financial Group(A) 1,912,800 12,022 Mitsui(A) 498,000 5,120 Mitsui Chemicals(A)(B) 132,000 491 Mitsui Fudosan(A) 94,000 1,567 Mitsui Home(A) 9,000 45 Mitsui OSK Lines(A) 414,000 2,559 Mitsui Sumitomo Insurance Group Holdings(A) 107,000 3,403 Mitsui Trust Holdings(A) 473,000 2,326 Mitsumi Electric(A) 34,900 611 Mizuho Financial Group(B) 150 426 Mochida Pharmaceutical(A) 9,000 109 Morinaga Milk Industry(A) 44,000 171 Murata Manufacturing(A) 26,700 1,047 N E Chemcat(A) 2,000 25 Nafco(A) 3,700 46 Nagase(A) 19,000 185 Nagoya Railroad(A) 2,000 6 Nakanishi(A) 800 51 Namco Bandai Holdings(A) 155,700 1,707 NEC(A) 274,000 927 NEC Fielding(A) 7,400 100 NHK Spring(A) 70,000 259 Nichicon(A) 3,400 22 Nikon(A) 97,000 1,164 Nintendo(A) 42,175 16,117 Nippo(A) 12,000 102 Nippon Beet Sugar Manufacturing(A) 20,000 54 Nippon Chemi-Con(A) 17,000 36 Nippon Denko(A) 15,000 78 Nippon Electric Glass(A) 133,000 702 Nippon Express(A) 59,000 249 Nippon Konpo Unyu Soko(A) 5,000 55 Nippon Meat Packers(A) 49,000 746 Nippon Mining Holdings(A) 673,500 2,922 Nippon Oil(A) 57,000 289 Nippon Seiki(A) 6,000 35 Nippon Sheet Glass(A) 375,000 1,242 Nippon Shinyaku(A) 11,000 131 Nippon Shokubai(A) 5,000 39 Nippon Steel(A) 246,000 808 Nippon Steel Trading(A) 7,000 11
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Nippon Telegraph & Telephone 3,975 $ 20,522 Nippon Thompson(A) 8,000 34 Nippon Yusen(A) 416,000 2,565 Nipponkoa Insurance(A) 49,000 381 Nishimatsu Construction(A) 29,000 43 Nishi-Nippon City Bank(A) 149,000 433 Nissan Motor(A) 1,377,900 4,957 Nissan Shatai(A) 21,000 128 Nisshin Oillio Group(A) 22,000 128 Nisshin Steel(A) 58,000 120 Nitori(A) 5,350 416 Nitto Denko(A) 4,200 80 Nitto Kogyo(A) 4,100 37 NOK(A) 4,400 31 Nomura Holdings(A) 5,600 47 Nomura Real Estate Holdings(A)(B) 31,800 634 Noritake(A)(B) 15,000 55 NSK(A) 49,000 185 NTT Data(A) 49 197 NTT DoCoMo(A) 2,410 4,744 OJI Paper(A) 67,000 394 Okinawa Cellular Telephone(A) 10 22 OKUMA(A)(B) 12,000 45 Omron(A) 39,900 536 Ono Pharmaceutical(A) 7,000 364 Onward Holdings(A) 46,000 367 Oriental Land(A)(B) 1,400 115 ORIX(A) 5,730 327 Osaka Gas(A) 281,000 1,299 PanaHome(A) 1,000 6 Point(A) 1,750 96 Promise(A)(B) 47,350 1,201 QP(A) 23,800 326 Rakuten*(A)(B) 11,215 7,141 Resona Holdings(B) 902 1,334 Ricoh(A) 144,000 1,846 Risa Partners(A)(B) 27 13 Riso Kagaku(A) 1,400 14 Roland(A) 2,200 30 Round One 2 1 Royal Holdings(A) 1,500 16 Ryobi(A) 7,000 14 Ryohin Keikaku(A) 1,100 52 S&B Foods(A) 500 4 Sakai Chemical Industry(A) 6,000 16 San-A, Cl A(A) 1,300 53 San-In Godo Bank(A) 22,000 178 Sankyo(A) 13,600 686 Sankyu(A) 46,000 170 Sanwa Shutter(A) 70,000 269 Sanyo Chemical Industries(A) 1,000 6 Sapporo Hokuyo Holdings 93 358 Sazaby League(A) 1,700 21 Seikagaku(A) 500 5 Seiko Epson(A)(B) 40,500 644 Seino Transportation(A) 28,000 156 Sekisui Chemical(A) 1,000 6 Sekisui House(A) 45,000 397 Senshukai(A) 6,400 50 Seven & I Holdings(A) 227,800 7,830 Seven Bank(A) 202 772
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- SFCG(A)(B) 2,740 $ 121 Sharp(A)(B) 613,000 4,419 Shima Seiki Manufacturing(A) 500 10 Shimamura(A) 2,400 185 Shimano(A) 24,800 976 Shin-Etsu Chemical(A) 12,900 595 Shinsei Bank(A) 273,000 432 Shionogi(A) 39,000 1,007 Shiseido(A) 63,000 1,296 Showa(A) 4,700 17 Showa Shell Sekiyu(A) 62,400 618 Sintokogio(A) 6,800 47 SKY Perfect JSAT Holdings(A) 1,293 632 Softbank(A) 103,600 1,882 Sojitz(A) 1,100 2 Sompo Japan Insurance(A) 114,000 844 Sony(A) 163,800 3,583 Sony Financial Holdings(A) 193 737 Square Enix Holdings(A) 23,500 758 SRI Sports(A) 15 14 Stanley Electric(A) 7,300 77 Sumikin Bussan(A) 5,000 12 Sumisho Computer Systems(A) 3,400 56 Sumitomo(A) 246,500 2,186 Sumitomo Chemical(A) 226,000 775 Sumitomo Metal Mining(A) 297,000 3,177 Sumitomo Mitsui Financial Group(B) 1,634 6,778 Sumitomo Rubber Industries(A) 1,000 9 Sumitomo Trust & Banking(A) 220,000 1,300 Suruga Bank(A) 86,000 854 Suzuken(A) 32,300 963 Suzuki Motor(A) 61,400 858 T&D Holdings(A) 57,000 2,413 Taisho Pharmaceutical(A) 29,000 618 Takashimaya(A)(B) 57,000 433 Takata(A) 15,800 112 Takeda Pharmaceutical(A) 96,200 5,014 Takefuji(A)(B) 79,660 654 Takeuchi Manufacturing(A) 1,400 13 Tanabe Seiyaku(A) 211,000 3,185 TDK(A) 22,500 831 Teijin(A) 174,000 494 Temp Holdings 1,294 10 Terumo(A) 3,000 141 T-GAIA CORP(A) 1 1 Toagosei(A) 61,000 185 Tochigi Bank(A) 33,000 202 Toenec(A)(B) 4,000 24 Toho Bank(A) 16,000 71 Toho Gas(A) 74,000 488 Tohoku Electric Power(A) 111,200 3,008 Tokai Tokyo Securities(A) 1,000 3 Tokuyama(A) 37,000 314 Tokyo Dome(A) 39,000 147 Tokyo Electric Power(A) 319,700 10,672 Tokyo Gas(A) 101,000 512 Tokyo Leasing(A) 400 3 Tokyo Style(A) 5,000 36 Tokyo Tatemono(A) 12,000 55 Toppan Printing(A) 163,000 1,259 Topre(A) 4,400 32
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Topy Industries(A) 18,000 $ 32 Toray Industries(A)(B) 12,000 61 Toshiba(A) 1,000,000 4,115 Toshiba TEC(A) 42,000 127 Tosoh(A) 117,000 289 Toyo Seikan Kaisha(A) 18,000 312 Toyo Suisan Kaisha(A) 50,000 1,441 Toyoda Gosei(A) 11,000 130 Toyota Industries(A) 42,600 918 Toyota Motor(A) 408,700 13,511 TS Tech(A) 4,000 24 Tsuruha Holdings(A) 1,500 58 TV Asahi(A) 111 149 Ube Industries(A) 65,000 183 Unipres(A) 3,500 22 UNY(A) 57,000 631 Valor(A)(B) 6,800 75 West Japan Railway(A) 226 1,030 Yachiyo Bank 23 72 Yamaguchi Financial Group(A) 5,000 56 Yamaha(A) 21,100 196 Yamaha Motor(A) 60,700 639 Yamanashi Chuo Bank(A) 23,000 135 Yamato Kogyo(A) 25,600 693 Yamazaki Baking(A)(B) 20,000 308 Yaskawa Electric(A) 41,000 166 Yodogawa Steel Works(A) 11,000 46 Yurtec(A) 12,000 74 Yusen Air & Sea Service(A) 3,900 49 Zeon(A) 4,000 14 ------------- 380,320 ------------- JERSEY -- 0.0% Atrium European Real Estate*(A) 70,042 257 ------------- LUXEMBOURG -- 0.4% ArcelorMittal(A) 235,156 5,700 Millicom International Cellular(A) 3,783 179 Oriflame Cosmetics(A) 3,652 107 SES(A) 18,591 360 Tenaris(A) 38,052 395 ------------- 6,741 ------------- MAURITIUS -- 0.0% Golden Agri-Resources (SGD)(A) 1,303,000 215 ------------- MEXICO -- 0.2% Fomento Economico Mexicano ADR 112,095 3,377 ------------- NETHERLANDS -- 4.5% Aegon(A)(B) 284,252 1,794 Akzo Nobel(A) 6,805 281 European Aeronautic Defence and Space(A)(B) 360,328 6,102 Fugro(A) 20,700 595 ING Groep(A) 690,893 7,604 Koninklijke Ahold(A) 1,034,940 12,754 Koninklijke DSM(A)(B) 89,917 2,307
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Koninklijke Philips Electronics(A) 3,079 $ 61 Koninklijke Vopak(A) 17,090 648 Randstad Holding(A) 35,487 724 Reed Elsevier(A) 122,514 1,457 Royal Dutch Shell, Cl A(A) 796,814 21,028 Royal Dutch Shell, Cl B(A) 336,009 8,517 Royal KPN(A) 151,910 2,209 TNT(A) 7,625 148 TomTom*(A) 4,237 31 Unilever(A) 455,603 11,043 ------------- 77,303 ------------- NEW ZEALAND -- 0.0% Fisher & Paykel Healthcare(A) 67,002 123 Vector(A) 156,430 184 ------------- 307 ------------- NORWAY -- 0.7% DnB(A) 490,864 1,947 Petroleum Geo-Services*(A)(B) 33,150 135 Statoil(A) 553,230 9,253 Telenor(A) 53,200 359 Yara International(A) 44,183 972 ------------- 12,666 ------------- PORTUGAL -- 0.3% Banco Espirito Santo(A) 13,853 129 Energias de Portugal(A) 720,610 2,711 Jeronimo Martins SGPS(A) 133,982 744 Portugal Telecom SGPS(A) 127,376 1,090 ------------- 4,674 ------------- RUSSIA -- 0.2% LUKOIL ADR(A)(B) 63,270 2,065 MMC Norilsk Nickel ADR(A) 156,778 1,006 ------------- 3,071 ------------- SINGAPORE -- 0.6% ComfortDelgro(A) 528,000 535 CWT(A) 9,000 2 DBS Group Holdings(A) 97,000 571 Del Monte Pacific(A) 23,000 7 Fraser and Neave(A) 159,000 329 Haw Par(A) 28,000 71 Hong Leong Asia(A) 75,000 33 Hotel Plaza(A) 3,000 2 Jardine Cycle & Carriage(A) 35,000 233 K1 Ventures(A) 329,000 33 Keppel(A) 114,000 346 Metro Holdings(A) 104,000 26 NatSteel(A) 36,000 23 Neptune Orient Lines(A) 187,000 147 Oversea-Chinese Banking(A) 576,000 2,003 SembCorp Industries(A) 234,000 382 Singapore Airlines(A) 48,140 379 Singapore Petroleum(A) 159,000 252 Singapore Technologies Engineering(A) 284,000 470 Singapore Telecommunications(A) 222,000 396 SP Chemicals(A) 202,500 102 United Overseas Bank(A) 415,000 3,750
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- UOB-Kay Hian Holdings(A) 140,000 $ 93 Venture(A) 21,000 64 Wilmar International(A)(B) 342,000 670 Yanlord Land Group(A)(B) 133,000 84 ------------- 11,003 ------------- SOUTH AFRICA -- 0.0% Standard Bank Group(A) 72,623 655 ------------- SOUTH KOREA -- 0.2% Hyundai Mobis*(A) 2,800 143 Industrial Bank of Korea*(A) 49,730 312 KB Financial Group* 18,900 505 Samsung Electronics(A) 2,490 908 Shinhan Financial Group*(A) 48,740 1,160 ------------- 3,028 ------------- SPAIN -- 3.6% ACS Actividades de Construccion y Servicios(A) 28,020 1,301 Banco Bilbao Vizcaya Argentaria(A) 511,781 6,341 Banco Espanol de Credito(A) 1,927 22 Banco Santander(A) 9,970 90 Banco Santander Central Hispano(A) 1,150,634 11,116 Cementos Portland Valderrivas(A) 389 14 Criteria Caixacorp(A) 243,203 970 Financiera Alba(A) 4,460 173 Gas Natural SDG(A) 75,742 2,061 Grifols(A) 49,676 870 Grupo Catalana Occidente(A) 19,542 401 Iberdrola(A) 772,430 7,200 Mapfre(A)(B) 264,000 900 Promotora de Informaciones(A)(B) 48,023 155 Prosegur Cia de Seguridad(A) 917 31 Repsol(A) 310,701 6,634 Sacyr Vallehermoso(A)(B) 14,083 128 Telefonica(A) 1,012,883 22,863 Union Fenosa(A) 5,259 132 ------------- 61,402 ------------- SWEDEN -- 1.8% Alfa Laval(A) 23,575 210 Atlas Copco, Cl A(A) 74,245 653 Atlas Copco, Cl B(A) 15,000 117 Eniro(A)(B) 39,766 56 Getinge, Cl B(A)(B) 11,328 137 Hennes & Mauritz, Cl B(A) 9,068 361 Investor, Cl B(A) 142,297 2,170 Loomis, Cl B* 22,775 141 Nordea Bank(A) 682,577 4,865 Saab, Cl B(A) 14,610 137 Securitas, Cl B(A) 125,529 1,057 Skandinaviska Enskilda Banken, Cl A(A) 96,046 775 Skanska, Cl B(A) 58,000 595 SKF, Cl B(A) 42,510 433 Svenska Cellulosa, Cl A(A) 2,309 20 Svenska Cellulosa, Cl B(A) 182,100 1,581
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Svenska Handelsbanken, Cl A(A) 63,324 $ 1,047 Swedbank(A)(B) 110,470 653 Swedish Match(A) 117,512 1,697 Tele2, Cl B(A) 78,000 706 Telefonaktiebolaget LM Ericsson, Cl B(A) 1,080,555 8,424 TeliaSonera(A) 433,322 2,182 Trelleborg, Cl B(A)(B) 25,426 162 Volvo, Cl B(A) 396,589 2,257 ------------- 30,436 ------------- SWITZERLAND -- 8.7% ABB(A) 56,678 864 ACE 14,849 786 Actelion*(A) 20,014 1,132 Adecco(A) 50,190 1,718 Baloise Holding(A) 34,643 2,616 Banque Cantonale Vaudoise(A) 174 52 Clariant(A) 67,437 464 Credit Suisse Group(A) 268,164 7,515 Elektrizitaets-Gesellschaft Laufenburg(A) 591 529 Galenica(A) 410 134 Helvetia Holding(A) 2,921 643 Holcim(A) 4,252 246 Lindt & Spruengli(A) 313 586 Nestle(A) 859,057 34,017 Novartis(A) 584,586 29,277 Pargesa Holding(A) 1,517 101 Petroplus Holdings(A) 4,361 88 Roche Holding(A) 101,136 15,658 Romande Energie Holding(A) 12 23 Schindler Holding(A) 9,043 407 Schweizerische National- Versicherungs-Gesellschaft(A) 132 76 STMicroelectronics(A) 103,691 688 Sulzer(A) 9,160 529 Swatch Group(A) 26,973 743 Swiss Life Holding(A) 16,026 1,111 Swiss Reinsurance(A) 166,432 8,149 Swisscom(A) 9,829 3,188 Syngenta(A) 51,016 9,911 Synthes(A) 13,891 1,762 Temenos Group*(A) 34,200 462 UBS*(A) 409,971 5,965 Xstrata(A) 74,474 697 Zurich Financial Services(A) 89,238 19,497 ------------- 149,634 ------------- TAIWAN -- 0.4% Chunghwa Telecom(A) 2,096,830 3,378 Compal Electronics(A) 1,297,236 686 Siliconware Precision Industries(A) 346,054 301 Taiwan Semiconductor Manufacturing(A) 1,033,383 1,410 United Microelectronics(A) 1,700,409 385 ------------- 6,160 ------------- THAILAND -- 0.1% PTT(A) 199,200 1,015 -------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund December 31, 2008
Market Value Description Shares ($ Thousands) - ---------------------------------------------- -------------- ------------- UNITED KINGDOM -- 15.9% 3i Group(A) 177,425 $ 695 Aggreko(A) 71,054 464 AMEC(A) 510,730 3,687 Amlin(A) 197,703 1,028 Anglo American(A) 95,637 2,232 Arriva(A) 7,551 66 Associated British Foods(A) 251,900 2,652 AstraZeneca(A) 430,778 17,623 Autonomy*(A) 314,920 4,382 Aveva Group(A) 4,568 38 Aviva(A) 726,743 4,118 Babcock International Group(A) 107,230 739 BAE Systems(A) 2,497,075 13,589 Balfour Beatty(A) 216,439 1,047 Barclays(A) 3,525,215 8,012 BBA Aviation(A) 27,788 28 BG Group(A) 603,626 8,355 BHP Billiton(A) 534,663 10,370 BP(A) 3,228,685 24,924 Brit Insurance Holdings(A) 42,687 137 British Airways(A) 209,142 553 British American Tobacco(A) 485,509 12,665 British Energy Group(A) 270,400 3,030 British Land(A)(C) 38,184 306 BT Group, Cl A(A) 3,154,287 6,344 Cable & Wireless(A) 1,522,931 3,444 Centrica(A) 1,838,178 7,077 Charter International 60,980 289 Close Brothers Group(A) 9,248 71 Cobham(A) 252,830 756 Colt Telecom Group*(A) 36,018 35 Compass Group(A) 892,179 4,450 Cookson Group(A) 34,387 63 Diageo(A) 150,931 2,121 Drax Group(A) 7,362 60 Eurasian Natural Resources(A) 27,164 130 Firstgroup(A) 112,717 713 Friends Provident(A) 102,615 131 Game Group(A) 236,000 437 GlaxoSmithKline(A) 825,096 15,345 Go-Ahead Group(A) 2,609 39 Greene King(A) 22,052 127 Group 4 Securicor(A) 349,491 1,041 Hays(A) 59,764 60 HBOS(A) 2,275,052 2,355 Home Retail Group(A) 650,011 2,006 HSBC Holdings(A) 1,758,336 17,209 IG Group Holdings(A) 186,297 699 Imperial Tobacco Group(A) 178,796 4,776 Inmarsat(A) 109,191 750 Intercontinental Hotels Group(A) 17,742 146 International Power(A) 27,189 95 Invensys(A) 168,107 425 Investec(A) 71,863 297 Jardine Lloyd Thompson Group(A) 61,764 392 John Wood Group(A) 115,288 315 Kazakhmys(A) 20,682 71 Kingfisher(A) 860,290 1,695 Land Securities Group(A)(C) 75,570 1,016
Shares/ Face Amount(1) Market Value Description ($ Thousands) ($ Thousands) - ---------------------------------------------- -------------- ------------- Legal & General Group(A) 3,404,181 $ 3,805 Liberty International(A)(C) 94,200 652 Lloyds TSB Group(A) 1,591,382 3,012 Logica(A) 408,962 411 Man Group(A) 34,908 120 Marston's(A) 35,428 61 Meggitt(A) 90,190 209 Micro Focus International(A) 13,448 55 Mondi(A) 260,355 775 National Grid(A) 150,626 1,488 Northumbrian Water Group(A) 7,232 25 Old Mutual(A) 2,793,800 2,245 Prudential(A) 270,330 1,641 QinetiQ(A) 55,007 127 Reckitt Benckiser Group(A) 111,894 4,193 Rio Tinto(A) 45,662 1,015 Rolls-Royce Group(A) 97,673 478 Royal & Sun Alliance Insurance Group(A) 2,599,362 5,180 Royal Bank of Scotland Group(A) 4,396,139 3,236 Scottish & Southern Energy(A) 30,077 530 Segro(A)(C) 26,000 93 Serco Group(A) 19,701 129 Shire(A) 133,139 1,961 Smith & Nephew(A) 20,149 129 Smiths Group(A) 82,781 1,064 Southern Cross Healthcare(A) 17,173 21 Spectris(A) 21,039 162 St. James's Place(A) 141,016 381 Standard Chartered(A) 92,700 1,186 Standard Life(A) 265,708 776 Tate & Lyle(A) 192,157 1,120 Tesco(A) 490,383 2,553 Thomas Cook Group(A)(B) 216,065 552 Unilever(A) 279,048 6,410 United Utilities Group(A) 210,835 1,914 Vodafone Group(A) 12,412,780 25,417 William Hill(A) 17,506 55 WPP(A) 541,239 3,165 Yell Group(A) 55,656 34 ------------- 272,100 ------------- Total Common Stock (Cost $2,101,499) ($ Thousands) 1,600,235 ------------- MORTGAGE-BACKED SECURITIES -- 3.3% UNITED STATES -- 3.3% Adjustable Rate Mortgage Trust, Ser 2005-5, Cl 1A1 5.295%, 02/25/09 (D)(F) 1,207 1,066 American Home Mortgage Investment Trust, Ser 2004-3, Cl 3A 4.782%, 02/25/09 (D)(F) 1,213 579 American Home Mortgage Investment Trust, Ser 2005-1, Cl 4A1 5.530%, 02/25/09 (D)(F) 284 153 Banc of America Funding, Ser 2006-A, Cl 2A2 5.221%, 02/20/09 (F) 384 329
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Face Amount(1) Market Value Description ($ Thousands) ($ Thousands) - ---------------------------------------------- -------------- ------------- Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-7, Cl 1A1 5.451%, 02/25/09 (F) $ 573 $ 338 Bear Stearns Alt-A Trust, Ser 2004-12, Cl 2A2 5.291%, 02/25/09 (D)(F) 1,269 629 Countrywide Alternative Loan Trust, Ser 2004-33, Cl 1A1 4.972%, 02/25/09 (D)(F) 650 370 Countrywide Home Loan Mortgage Pass-Through Trust, Ser 2007-HYB1, Cl 1A1 5.461%, 02/25/09 (D)(F) 1,844 1,036 Countrywide Home Loans, Ser 2004-22, Cl A1 5.081%, 02/25/09 (D)(F) 1,495 935 Countrywide Home Loans, Ser 2006-HYB2, Cl 1A1 4.836%, 02/20/09 (D)(F) 4,209 2,229 Deutsche Alternative Securities Mortgage Loan Trust, Ser 2006-AB3, Cl A1 6.250%, 02/25/09 (D)(F) 2,137 1,870 Downey Savings & Loan Association Mortgage Loan Trust, Ser 2004-AR4, Cl B1 1.181%, 01/20/09 (D)(F) 932 202 FHLMC TBA 6.000%, 01/01/23 28,000 28,980 FHLMC CMO STRIPS, Ser 231, Cl IO, IO 5.500%, 08/01/35 (D)(G) 1,971 209 FHLMC CMO STRIPS, Ser 245, Cl IO, IO 5.000%, 05/15/37 (D)(G) 2,719 302 First Horizon Alternative Mortgage Trust, Ser 2005-AA3, Cl 3A1 5.352%, 02/25/09 (F) 823 423 First Horizon Mortgage Pass- Through Trust, Ser 2006-AR3, Cl 1A1 5.652%, 02/25/09 (F) 2,433 1,665 FNMA CMO STRIPS, Ser 369, Cl 1, IO 5.000%, 03/01/36 (D) 1,484 214 GNMA ARM 5.375%, 02/20/09 (F) 1,141 1,143 5.250%, 02/20/09 (F) 273 271 5.000%, 02/20/09 (F) 627 615 4.500%, 02/20/09 (F) 1,173 1,139 Indymac Mortgage Loan Trust, Ser 2004-AR6, Cl 1A 5.512%, 02/25/09 (D)(F) 260 136 Master Adjustable Rate Mortgages, Ser 2005-2, Cl 3A1 5.500%, 02/25/09 (F) 1,585 746
Face Amount(1) Market Value Description ($ Thousands) ($ Thousands) - ---------------------------------------------- -------------- ------------- Merrill Lynch Mortgage Investors, Ser 2005-A4, Cl 1A 4.974%, 02/25/09 (F) $ 325 $ 165 MLCC Mortgage Investors, Ser 2006-1, Cl 1A1 5.382%, 02/25/09 (F) 3,722 3,403 Nomura Asset Acceptance, Ser 2004-R1, Cl A1 6.500%, 03/25/34 (D)(E) 1,248 1,147 Nomura Asset Acceptance, Ser 2004-R2, Cl A1 6.500%, 02/25/09 (D)(E)(F) 1,312 1,154 Residential Accredit Loans, Ser 2005-QA3, Cl NB2 5.211%, 02/25/09 (F) 3,998 1,958 Residential Accredit Loans, Ser 2006-QO1, Cl 2A3 0.871%, 01/26/09 (F) 494 136 Residential Asset Securitization Trust, Ser 2004-IP2, Cl 3A1 5.238%, 02/25/09 (F) 3,455 3,200 Wells Fargo Mortgage Backed Securities Trust, Ser 2004-I, Cl B1 5.183%, 02/25/09 (F) 157 91 ------------- Total Mortgage-Backed Securities (Cost $69,145) ($ Thousands) 56,833 ------------- ASSET-BACKED SECURITIES -- 0.7% UNITED STATES -- 0.7% ACE Securities, Ser 2003-NC1, Cl M 1.641%, 01/26/09 (F) 2,100 1,129 ACE Securities, Ser 2003-OP1, Cl M1 1.171%, 01/26/09 (F) 800 452 Aegis Asset Backed Securities Trust, Ser 2003-3, Cl M1 1.521%, 01/26/09 (D)(F) 105 41 Ameriquest Mortgage Securities, Ser 2003-2, Cl M1 1.821%, 01/26/09 (D)(F) 1,242 881 Argent Securities, Ser 2003-W5, Cl M1 1.171%, 01/26/09 (F) 600 373 Argent Securities, Ser 2003-W9, Cl M1 1.161%, 01/26/09 (F) 1,201 517 Asset-Backed Securities Home Equity, Ser 2003-HE5, Cl M1 2.320%, 01/15/09 (F) 1,642 1,038 Countrywide Asset-Backed Certificates, Ser 2003-5, Cl MV2 2.071%, 01/26/09 (F) 835 495 GSAA Trust, Ser 2006-2, Cl 2A1 0.571%, 01/26/09 (F) 259 257 Home Equity Asset Trust, Ser 2003-4, Cl M2 2.871%, 01/26/09 (F) 797 413
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund December 31, 2008
Face Amount(1) ($ Thousands) Market Value Description /Shares ($ Thousands) - ---------------------------------------------- -------------- ------------- Master Asset Backed Securities Trust, Ser 2003-WMC2, Cl M1 1.521%, 01/26/09 (F) $ 393 $ 295 Merrill Lynch Mortgage Investors, Ser 2003-HE1, Cl M2 2.121%, 01/26/09 (F) 139 59 Morgan Stanley Capital I, Ser 2003-NC8, Cl M1 1.521%, 01/26/09 (D)(F) 1,811 989 Option One Mortgage Loan Trust, Ser 2003-5, Cl M1 1.121%, 01/26/09 (D)(F) 357 134 Residential Asset Mortgage Products, Ser 2003-RS11, Cl Mll1 1.566%, 01/26/09 (F) 188 68 Resmae Mortgage Loan Trust, Ser 2006-1, Cl A2B 0.621%, 01/26/09 (E)(F) 5,355 4,669 Structured Asset Investment Loan Trust, Ser 2003-BC4, Cl M2 3.471%, 01/26/09 (F) 485 313 Terwin Mortgage Trust, Ser 2006- 2, Cl 2A1 4.500%, 06/25/36 (D) 791 236 ------------- Total Asset-Backed Securities (Cost $19,172) ($ Thousands) 12,359 ------------- U.S. GOVERNMENT AGENCY OBLIGATIONS -- 0.4% FHLMC 0.771%, 02/03/09 (G)(H) 140 140 2.716%, 02/09/09 (G)(H)(I) 1,000 1,000 1.053%, 02/23/09 to 03/03/09 (G)(H) 2,000 1,999 1.103%, 02/27/09 (G)(H) 1,250 1,248 2.225%, 05/04/09 (G)(H) 100 99 FNMA 2.611%, 02/02/09 (G)(H)(I) 1,925 1,925 ------------- Total U.S. Government Agency Obligations (Cost $6,402) ($ Thousands) 6,411 ------------- PREFERRED STOCK -- 0.4% BRAZIL -- 0.2% Banco Bradesco 284,200 2,753 Usinas Siderurgicas de Minas Gerais 73,800 839 ------------- 3,592 ------------- GERMANY -- 0.1% Bayerische Motoren Werke(A) 2,143 42 Porsche(A) 11,440 911 RWE(A) 1,865 141 Volkswagen(A) 6,608 356 ------------- 1,450 ------------- ITALY -- 0.0% Istituto Finanziario Industriale*(A) 40,562 279 -------------
Shares/ Face Amount(1) Market Value Description ($ Thousands) ($ Thousands) - ---------------------------------------------- -------------- ------------- SOUTH KOREA -- 0.1% Samsung Electronics(A) 2,900 $ 603 ------------- Total Preferred Stock (Cost $10,741) ($ Thousands) 5,924 -------------
Number Of Rights -------------- RIGHTS -- 0.0% AUSTRALIA -- 0.0% Macquarie Office Trust, Expires 01/22/09* 79 -- ------------- BELGIUM -- 0.0% Fortis, Expires 07/01/14*(D) 24 -- ------------- HONG KONG -- 0.0% China Overseas Land & Investment, Expires 01/23/09* 99 35 ------------- SINGAPORE -- 0.0% DBS Group Holdings, Expires 01/22/09* 49 101 ------------- UNITED KINGDOM -- 0.0% HBOS, Expires 01/14/09* 3,148 -- Lloyds TSB Group, Expires 01/14/09* 692 -- ------------- -- ------------- Total Rights (Cost $0) ($ Thousands) 136 ------------- CORPORATE OBLIGATIONS -- 0.0% UNITED STATES -- 0.0% Discover Financial Services 6.450%, 06/12/17(E) 335 235 Shinsei Finance Cayman 6.418%, 07/20/09(E)(F) 1,740 364 ------------- Total Corporate Obligations (Cost $2,074) ($ Thousands) 599 ------------- AFFILIATED PARTNERSHIP -- 3.2% UNITED STATES -- 3.2% SEI Liquidity Fund, L.P., 1.360%**+(J) 56,776,583 54,942 ------------- Total Affiliated Partnership (Cost $56,777) ($ Thousands) 54,942 -------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Face Amount(1) ($ Thousands)/ Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- U.S. TREASURY OBLIGATIONS -- 0.5% U.S. Treasury Bills 0.010%, 02/12/09(H)(I) $ 3,609 $ 3,609 0.434%, 03/19/09(H) 50 50 0.129%, 06/11/09(H)(I) 5,150 5,147 ------------- Total U.S. Treasury Obligations (Cost $8,806) ($ Thousands) 8,806 ------------- CASH EQUIVALENT -- 0.0% UNITED STATES -- 0.0% SEI Daily Income Prime Obligation Fund, ClA, 0.930%**+ 91 -- ------------- Total Cash Equivalent (Cost $0) ($ Thousands) -- ------------- Total Investments -- 101.9% (Cost $2,274,616) ($ Thousands) ++ $ 1,746,245 =============
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund December 31, 2008 A summary of the outstanding forward foreign currency contracts held by the Fund at December 31, 2008, is as follows:
UNREALIZED CURRENCY CURRENCY APPRECIATION TO DELIVER TO RECEIVE (DEPRECIATION) MATURITY DATE (THOUSANDS) (THOUSANDS) ($ THOUSANDS) - --------------- --------------- --------------- -------------- 1/2/09 USD 944 EUR 676 $ (5) 1/22/09 CAD 46,916 USD 38,870 869 1/22/09 CHF 9,222 USD 8,323 (346) 1/22/09 EUR 2,158 USD 3,045 48 1/22/09 HKD 108,308 USD 13,979 1 1/22/09 MXP 40,616 USD 3,068 154 1/22/09 NOK 13,274 USD 1,969 75 1/22/09 USD 25,433 AUD 36,753 124 1/22/09 USD 33,827 GBP 21,775 (2,546) 1/22/09 USD 31,637 JPY 2,802,560 (701) 1/22/09 USD 3,024 SEK 23,656 (33) 1/22/09 USD 5,545 SGD 8,078 59 1/22/09 ZAR 21,316 USD 2,120 (173) 1/22/09-4/23/09 AUD 30,196 CHF 24,100 1,804 1/22/09-4/23/09 CHF 24,100 AUD 28,863 (2,725) 1/22/09-4/23/09 EUR 26,099 JPY 3,994,000 7,904 1/22/09-4/23/09 GBP 17,592 JPY 3,351,000 11,768 1/22/09-4/23/09 GBP 7,332 SGD 17,900 1,891 1/22/09-4/23/09 JPY 3,351,000 GBP 17,193 (12,341) 1/22/09-4/23/09 JPY 1,324,000 NOK 71,843 (4,398) 1/22/09-4/23/09 NOK 77,821 JPY 1,324,000 3,548 1/22/09-4/23/09 SGD 17,900 GBP 6,940 (2,453) 1/22/09-5/26/09 CHF 55,600 EUR 35,362 (3,294) 1/22/09-5/26/09 CHF 49,400 GBP 25,148 (10,406) 1/22/09-5/26/09 EUR 35,674 CHF 55,600 2,862 1/22/09-5/26/09 GBP 25,865 CHF 49,400 9,378 1/22/09-6/19/09 JPY 5,186,000 EUR 34,789 (9,085) 1/22/09-6/19/09 NZD 24,636 USD 15,500 1,229 1/22/09-6/19/09 USD 19,685 NZD 30,894 (1,802) 4/23/09 CAD 3,700 NZD 5,169 (19) 4/23/09 NZD 5,444 CAD 3,700 (139) 6/19/09 JPY 286,000 AUD 4,621 13 --------- $ (8,739) =========
A summary of the open futures contracts held by the Fund at December 31, 2008, is as follows:
UNREALIZED NUMBER OF APPRECIATION TYPE OF CONTRACTS EXPIRATION (DEPRECIATION) CONTRACT LONG (SHORT) DATE ($ THOUSANDS) - -------------------------- ------------ ---------- -------------- 10-Year Swap Future (272) Mar-2009 $(1,486) 90-Day Euro$ 75 Mar-2009 377 90-Day Euro$ 294 Sep-2009 2,395 90-Day Euro$ 96 Dec-2009 493 90-Day Euro$ (99) Mar-2010 (316) 90-Day Euro$ (35) Jun-2010 (285) 90-Day Euro$ (154) Sep-2010 (844) 90-Day Euro$ (36) Dec-2010 (269) 90-Day Euro$ 11 Mar-2011 46 90-Day Euro$ 135 Jun-2011 779 90-Day Euro$ 142 Sep-2011 807 90-Day Euro$ 87 Dec-2011 459 90-Day Euro$ 87 Mar-2012 463 90-Day Euro$ 74 Jun-2012 378 90-Day Euro$ 69 Sep-2012 399 90-Day Euro$ 17 Dec-2012 86 90-Day Euro$ 17 Jun-2013 86 90-Day Euro$ 1 Sep-2013 5 90-Day Euro$ 17 Sep-2013 87 DJ Euro Stoxx 50 Index 581 Mar-2009 146 FTSE 100 Index 96 Mar-2009 197 Hang Seng Index 4 Jan-2009 11 MSCI EAFE Index E-MINI (442) Mar-2009 (1,501) Nikkei 225 Index 34 Mar-2009 195 SPI 200 Index 29 Mar-2009 100 Topix Index 124 Mar-2009 556 U.S. 10-Year Treasury Note (131) Mar-2009 (443) U.S. 2-Year Treasury Note (23) Mar-2009 (34) U.S. 5-Year Treasury Note 67 Mar-2009 88 U.S. Long Treasury Bond 67 Mar-2009 506 ------- $ 3,481 =======
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 A summary of outstanding swap agreements held by the Fund at December 31, 2008, is as follows: TOTAL RETURN SWAPS
NET UNREALIZED TERMINATION NOTIONAL AMOUNT APPRECIATION COUNTERPARTY REFERENCE ENTITY/OBLIGATION FUND PAYS FUND RECEIVES DATE (THOUSANDS) ($THOUSANDS) - ----------------- --------------------------- --------------- -------------------- ----------- --------------- -------------- Bank of America BAS AAA 10YR CMBS Negative Spread Initial Index Spread Daily Index Return Minus 25 Bps 03/31/09 20,500 $4,236 Bank of America BAS AAA 10YR CMBS Negative Spread Initial Index Spread Daily Index Return Minus 165 Bps 03/31/09 10,000 2,104 Barclays Bank PLC MSCI Daily TR Net 3-Month LIBOR Price Return EAFE USD Market Index Minus 30 Bps 10/28/09 99,384 2,614 ------ $8,954 ======
CREDIT DEFAULT SWAPS
(PAYS)/ NET UNREALIZED BUY/SELL RECEIVES TERMINATION NOTIONAL AMOUNT APPRECIATION COUNTERPARTY REFERENCE ENTITY/OBLIGATION PROTECTION RATE DATE (THOUSANDS) ($THOUSANDS) - ------------------- ----------------------------------------- ---------- -------- ----------- --------------- -------------- Bank of America Black & Decker Corp., 7.125%, 06/01/11 Buy (0.55)% 12/20/11 2,500 $ 139 Bank of America Campbell Soup Co., 4.875%, 10/01/13 Buy (0.20) 06/20/14 3,500 47 Bank of America Darden Restaurants Inc., 7.125%, 02/01/16 Buy (0.45) 12/20/11 2,500 153 Bank of America MeadWestvaco Corp., 6.850%, 04/01/12 Buy (0.48) 12/20/11 2,500 96 Bank of America MGIC Investment Corp., 6.000%, 11/01/15 Buy (0.35) 12/20/13 2,500 825 Bank of America PMI Group Inc., 6.000%, 09/15/16 Buy (0.35) 12/20/13 2,500 855 Bank of America Radian Group Inc., 7.750%, 06/01/11 Buy (0.39) 12/20/13 2,500 1,205 Bank of America The Limited Inc., 6.125%, 12/01/12 Buy (0.48) 12/20/11 2,500 335 Bank of America TJX Cos. Inc., 7.450%, 12/15/09 Buy (0.19) 12/20/11 2,500 71 Goldman Sachs CMBX.NA.A 3 Index Buy (0.62) 12/25/49 1,000 499 Goldman Sachs CMBX.NA.A 3 Index Buy (0.62) 12/25/49 1,000 501 Goldman Sachs CMBX.NA.A 3 Index Buy (0.62) 12/25/49 1,000 504 Goldman Sachs CMBX.NA.BBB 2 Index Buy (0.60) 03/14/49 5,000 1,447 JPMorgan Chase Bank Black & Decker Corp., 7.125%, 06/01/11 Buy (0.55) 12/20/11 2,500 85 JPMorgan Chase Bank CMBX.NA.A 2 Index Buy (0.25) 03/15/49 2,000 540 JPMorgan Chase Bank Hasbro Inc., 2.750%, 12/01/21 Buy (0.39) 12/20/11 2,500 191 JPMorgan Chase Bank Jones Apparel Group 5.125%, 11/15/14 Buy (0.77) 12/20/11 2,500 498 JPMorgan Chase Bank MGIC Investment Corp., 6.000%, 11/01/15 Buy (0.35) 12/20/13 2,500 822 JPMorgan Chase Bank Nordstrom Inc., 6.950%, 03/15/28 Buy (0.28) 12/20/13 2,500 329 JPMorgan Chase Bank PMI Group Inc., 6.000%, 09/15/16 Buy (0.35) 12/20/13 2,500 855 JPMorgan Chase Bank PPG Industries Inc., 7.050%, 08/15/09 Buy (0.20) 12/20/11 2,500 142 JPMorgan Chase Bank Radian Group Inc., 7.750%, 06/01/11 Buy (0.39) 12/20/13 2,500 1,112 Merrill Lynch CMBX.NA.A 2 Index Buy (0.25) 03/15/49 1,000 271 Merrill Lynch MDC Holdings Inc., 5.500%, 05/15/13 Buy (0.90) 12/20/11 2,500 34 Merrill Lynch Nordstrom Inc., 6.950%, 03/15/28 Buy (0.28) 12/20/13 2,500 329 ------- $11,885 =======
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund December 31, 2008 Percentages are based on a Net Assets of $1,714,085 ($ Thousands). * Non-income producing security ** Rate shown is the 7-day effective yield as of December 31, 2008. + Affiliated security (1) In U.S. dollars unless otherwise indicated. (A) Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of December 31, 2008 was $1,528,365 ($ Thousands) and represented 89.2% of Net Assets. (B) This security or a partial position of this security is on loan at December 31, 2008. The total market value of securities on loan at December 31, 2008 was $52,965 ($ Thousands). (C) Real Estate Investments Trust (D) Securities considered illiquid. The total market value of such securities as of December 31, 2008 was $14,551 ($ Thousands) and represented 0.8% of Net Assets. (E) Securities sold within terms of a private placement memorandum, exempt from registration under Section 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. (F) Variable Rate Security - The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2008. The date reported on the Schedule of Investments is the next reset date. (G) Security, or portion thereof, has been pledged as collateral on open swaps contracts. (H) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (I) Security, or portion thereof, has been pledged as collateral on open futures contracts. (J) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2008 was $54,942 ($ Thousands). ++ At December 31, 2008, the tax basis cost of the Fund's investments was $2,274,616 ($ Thousands), and the unrealized appreciation and depreciation were $60,874 ($ Thousands) and ($589,245)($ Thousands) respectively. ADR -- American Depositary Receipt AUD -- Australian Dollar ARM -- Adjustable Rate Mortgage CAD -- Canadian Dollar CHF -- Swiss Franc Cl -- Class CMBS -- Commercial Mortgage-Backed Securities CMO -- Collateralized Mortgage Obligation EUR -- Euro FHLMC -- Federal Home Loan Mortgage Corporation FNMA -- Federal National Mortgage Association GBP -- British Pound Sterling GNMA -- Government National Mortgage Association HKD -- Hong Kong Dollar IO -- Interest Only - face amount represents notional amount JPY -- Japanese Yen L.P. -- Limited Partnership LIBOR -- London Interbank Offered Rate MXP -- Mexican Peso NOK -- Norwegian Krone NZD -- New Zealand Dollar SEK -- Swedish Krone 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 Amounts designated as "--" are $0 or have been rounded to $0. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual and annual financial statements. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- COMMON STOCK -- 91.8% ARGENTINA -- 0.1% Banco Macro ADR 536 $ 6 MetroGas ADR* 4,100 4 Petrobras Energia Participaciones ADR 54,900 334 Telecom Argentina ADR* 41,700 317 Telefonica de Argentina ADR* 1,400 11 ------------- 672 ------------- BERMUDA -- 0.6% Credicorp 34,600 1,729 Dufry South America (BRL) 43,500 307 Huabao International Holdings (HKD)(A) 2,322,500 1,526 ------------- 3,562 ------------- BRAZIL -- 6.4% All America Latina Logistica 153,100 657 Banco do Brasil 189,365 1,192 Banco Itau Holding Financeira ADR(B) 51,647 599 BR Malls Participacoes* 68,100 266 Brascan Residential Properties 41,100 44 Brasil Telecom Participacoes 13,600 343 Camargo Correa Desenvolvimento Imobiliario 32,000 34 Centrais Eletricas Brasileiras 63,080 700 Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR(B) 20,400 562 Cia de Concessoes Rodoviarias 22,153 224 Cia de Saneamento Basico do Estado de Sao Paulo ADR 1,160 28 Cia de Saneamento Basico do Estado de Sao Paulo 85,969 1,023 Cia de Saneamento de Minas Gerais-COPASA 112,100 904 Cia Energetica de Minas Gerais ADR(B) 44,165 607 Cia Vale do Rio Doce ADR, Cl B 274,620 3,326 Cia Vale do Rio Doce 203,100 2,412 CPFL Energia 22,543 291 EDP - Energias do Brasil 116,717 1,131 Empresa Brasileira de Aeronautica 127,700 482 Empresa Brasileira de Aeronautica ADR(B) 14,060 228 Eternit 43,651 96 Even Construtora e Incorporadora 1,000 1 Fertilizantes Heringer 17,100 26 Gerdau ADR(B) 92,700 612 Globex Utilidades 17,000 37 Grendene 155,607 847 GVT Holding*(C) 53,500 582 Hypermarcas* 133,750 764 Light 41,852 392 Localiza Rent A Car 194,300 592 Lojas Renner 110,349 741 Marfrig Frigorificos e Comercio de Alimentos* 62,000 199
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Medial Saude 91,500 $ 294 Minerva 21,200 17 Natura Cosmeticos 43,800 357 OGX Petroleo e Gas Participacoes* 5,500 1,241 Perdigao 13,000 166 Petroleo Brasileiro 247,900 2,922 Petroleo Brasileiro ADR 91,164 2,233 Rodobens Negocios Imobiliarios 84,050 283 Rossi Residencial 36,923 60 Santos Brasil Participacoes 75,581 207 SEB - Sistema Educacional Brasileiro 82,000 334 Souza Cruz 39,583 749 Telegraph Norte Leste Participacoes ADR 159,850 2,225 Unibanco - Uniao de Bancos Brasileiros 116,800 744 Unibanco - Uniao de Bancos Brasileiros ADR 50,853 3,286 Usinas Siderurgicas de Minas Gerais 86,400 958 Votorantim Celulose e Papel ADR*(B) 66,900 531 Wilson Sons BDR 68,805 323 ------------- 36,872 ------------- CHILE -- 1.0% Banco de Chile ADR 378 12 Banco Santander Chile ADR 35,670 1,249 Centros Comerciales Sudamericanos 149,024 212 Cia Cervecerias Unidas 32,700 185 Cia Cervecerias Unidas ADR 8,936 234 Embotelladora Andina ADR, Cl B 32,078 433 Empresa Nacional de Telecomunicaciones 32,904 356 Enersis ADR(B) 222,022 2,829 Multiexport Foods 160,156 11 ------------- 5,521 ------------- CHINA -- 9.5% AirMedia Group ADR* 96,262 462 Aluminum Corp of China(A)(B) 358,622 193 Anhui Conch Cement(A)(B) 358,882 1,669 Anhui Expressway(A)(B) 1,000,000 363 Bank of China(A)(B) 12,460,000 3,433 Bank of Communications(A)(B) 1,557,000 1,132 Beauty China Holdings(A) 70,000 21 Bosideng International Holdings(A)(B) 6,100,000 578 China BlueChemical(A) 1,692,000 699 China Construction Bank(A)(B) 7,033,000 3,913 China COSCO Holdings(A)(B) 322,500 227 China Dongxiang Group(A)(B) 2,084,500 509 China International Marine Containers, Cl B(A) 566,280 308 China Life Insurance(A) 367,000 1,128 China Medical Technologies ADR(B) 67,200 1,361 China Molybdenum(A) 473,000 217 China Petroleum & Chemical(A) 2,986,000 1,835
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- China Railway Construction*(A)(B) 1,700,000 $ 2,545 China Shenhua Energy(A) 333,800 716 China Shineway Pharmaceutical Group (HKD)(A) 29,000 16 China Shipping Development(A)(B) 1,594,000 1,606 China Telecom(A) 4,684,000 1,771 China Yurun Food Group(A)(B) 2,231,000 2,639 Dongfang Electric(A)(B) 303,000 765 Dongfeng Motor Group(A) 2,912,000 951 Great Wall Motor(A) 524,000 184 Hainan Meilan International Airport(A) 27,000 10 Huaneng Power International(A)(B) 1,432,800 1,044 Industrial & Commercial Bank of China(A) 11,489,000 6,100 Mindray Medical International ADR(B) 35,983 648 New Oriental Education & Technology Group ADR* 20,414 1,121 Parkson Retail Group(A)(B) 74,500 85 People's Food Holdings(A) 29,000 14 PetroChina(A) 6,801,932 6,045 PetroChina ADR 4,740 422 Ping An Insurance Group of China(A)(B) 318,500 1,565 Qingling Motors(A) 46,000 5 Shanda Interactive Entertainment ADR*(B) 16,400 531 Sichuan Expressway(A) 382,000 73 Simcere Pharmaceutical Group ADR* 52,000 373 Sinopec Shanghai Petrochemical(A) 1,944,000 504 Sinotrans(A) 3,111,000 607 Tencent Holdings(A)(B) 249,000 1,618 Tingyi Cayman Islands Holding(A)(B) 830,000 965 Weichai Power(A) 270,000 513 Weiqiao Textile(A) 1,616,400 563 Yangzijiang Shipbuilding Holdings(A) 586,000 187 Yanzhou Coal Mining(A)(B) 1,440,000 1,073 Yanzhou Coal Mining ADR 31,500 237 Zhejiang Expressway(A) 842,000 499 ZTE(A)(B) 185,000 489 ------------- 54,532 ------------- COLOMBIA -- 0.1% Almacenes Exito GDR 92,598 418 BanColombia ADR 7,400 173 ------------- 591 ------------- CYPRUS -- 0.0% Globaltrans Investment GDR*(A) 76,830 108 ------------- CZECH REPUBLIC -- 1.1% CEZ(A) 132,268 5,627
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Komercni Banka(A) 3,940 $ 642 ------------- 6,269 ------------- EGYPT -- 0.3% Egyptian Financial Group-Hermes Holding(A) 167,456 531 National Societe Generale Bank(A) 39,699 125 Orascom Construction Industries GDR 6,211 311 Telecom Egypt(A) 250,500 740 ------------- 1,707 ------------- HONG KONG -- 8.0% AAC Acoustic Technologies Holdings*(A)(B) 1,076,000 485 Beijing Enterprises Holdings(A) 70,000 287 Brilliance China Automotive Holdings*(A) 1,829,000 96 Chaoda Modern Agriculture(A)(B) 3,229,400 2,075 China Mobile(A) 1,692,417 17,172 China Mobile ADR 33,260 1,691 China Overseas Land & Investment(A)(B) 270,000 379 China Pharmaceutical Group(A) 692,000 244 China Power International Development(A) 5,486,200 1,140 China Resources Power Holdings(A) 868,000 1,688 China State Construction International Holdings(A) 2,084,000 367 China Unicom(A)(B) 1,609,033 1,957 CNOOC ADR(B) 7,690 732 CNOOC(A) 5,968,948 5,678 Cnpc Hong Kong(A) 1,790,000 561 COSCO Pacific(A) 2,718,000 2,795 Denway Motors(A) 2,968,646 931 Digital China Holdings(A) 485,000 141 Global Bio-Chemical Technology Group(A) 2,809,500 452 GOME Electrical Appliances Holdings(B) 4,816,000 696 Guangdong Investment(A) 1,440,000 582 GZI Real Estate Investment Trust(A)(D) 928,000 215 Industrial and Commercial Bank of China Asia(A) 571,000 615 Nine Dragons Paper Holdings(A) 1,329,000 383 NWS Holdings(A) 180,375 270 Samson Holding(A) 5,241,000 678 Shanghai Industrial Holdings(A) 429,000 989 Shenzhen International Holdings(A) 6,606,247 287 Shenzhou International Group Holdings(A) 575,000 104 Shui On Land(A) 220,000 70 Sino Biopharmaceutical(A) 36,000 5 Sinolink Worldwide Holdings(A) 1,108,000 90 Skyworth Digital Holdings(A) 216,000 12 SRE Group(A) 1,512,000 102 Texwinca Holdings(A) 662,600 283 TPV Technology(A) 2,178,000 708
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Zhuzhou CSR Times Electric, Cl H(A) 673,000 $ 546 ------------- 45,506 ------------- HUNGARY -- 0.6% Egis Gyogyszergyar Nyrt(A) 2,000 106 Magyar Telekom(A) 392,019 1,108 MOL Hungarian Oil and Gas NyRt(A) 21,912 1,139 OTP Bank(A) 28,590 434 Richter Gedeon Nyrt(A) 5,500 824 ------------- 3,611 ------------- INDIA -- 7.0% Allahabad Bank(A) 111,286 119 Andhra Bank(A) 365,655 416 Bajaj Holdings and Investment(A) 2,566 13 Bank(A) 10,693 42 Bank of Baroda(A) 67,700 391 Bank of India(A) 306,394 1,816 Bharat Electronics(A) 20,344 315 Bharat Heavy Electricals(A) 11,130 313 Bharat Petroleum(A) 46,123 357 Bharti Airtel*(A) 234,299 3,454 Birla(A) 73,137 197 Cairn India*(A) 222,977 794 Canara Bank(A) 56,934 221 CESC(A) 56,900 280 Container of India(A) 1,300 17 Dena Bank(A) 13,584 9 Dr Reddys Laboratories(A) 117,909 1,143 Federal Bank(A) 120,536 404 Grasim Industries(A) 18,599 469 Great Eastern Shipping(A) 7,915 33 GTL(A) 22,758 97 Gujarat Alkalies & Chemicals(A) 32,310 47 Gujarat Narmada Valley Fertilizers(A) 162,389 183 Gujarat State Fertilisers(A) 96,419 148 HCL Technologies(A) 2,387 6 Hero Honda Motors(A) 51,015 845 Hindalco Industries(A) 497,741 528 Hindustan Petroleum(A) 153,120 860 Hindustan Unilever(A) 210,409 1,088 Hindustan Zinc(A) 86,080 600 Housing Development Finance(A) 96,331 2,948 ICICI Bank(A) 65,206 604 ICICI Bank ADR 9,450 182 India Cements(A) 303,110 612 Indian Bank(A) 176,623 501 Indian Overseas Bank(A) 43,842 65 Infosys Technologies(A) 31,863 738 Infrastructure Development Finance*(A) 1,030,887 1,424 ITC(A) 325,939 1,153 Jet Airways India(A) 40,750 171 Jindal Stainless(A) 2,930 2 Larsen & Toubro(A) 90,483 1,447 Mahanagar Telephone Nigam(A) 492,280 802 Mahindra & Mahindra(A) 88,355 503 National Aluminium(A) 91,274 357 NTPC(A) 183,745 683
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Oil & Natural Gas(A) 187,947 $ 2,587 Oriental Bank of Commerce(A) 1,205 4 Phoenix Mills(A) 40,089 63 Piramal Healthcare(A) 75,735 372 Reliance Industries(A) 14,960 381 Satyam Computer Services(A) 508,128 1,797 Satyam Computer Services ADR(B) 28,020 253 Sesa GOA*(A) 242,222 430 Shipping of India(A) 186,900 307 Siemens India(A) 108,372 644 State Bank of India(A) 3,370 89 State Bank of India GDR 25,310 1,392 Steel Authority of India(A) 122,881 197 Sterlite Industries India ADR 54,700 302 Sterlite Industries India(A) 23,370 126 Syndicate Bank(A) 103,002 134 Tata Chemicals(A) 14,440 49 Tata Consultancy Services(A) 168,408 1,663 Tata Power(A) 9,356 145 Tata Steel(A) 113,590 509 Union Bank of India(A) 14,036 47 Zee Entertainment Enterprises(A) 353,549 1,020 ------------- 39,908 ------------- INDONESIA -- 1.3% Aneka Tambang(A) 50,000 5 Astra International(A) 613,625 603 Bank Mandiri Persero(A) 3,217,592 611 Bank Rakyat Indonesia(A) 3,650,500 1,552 Bumi Resources(A) 3,531,000 298 Gudang Garam(A) 1,088,100 429 HM Sampoerna(A) 1,008,500 762 International Nickel Indonesia(A) 226,530 41 Kalbe Farma(A) 8,225,000 308 Telekomunikasi Indonesia(A) 3,779,100 2,415 Unilever Indonesia(A) 857,000 621 ------------- 7,645 ------------- ISRAEL -- 2.9% Bank Hapoalim(A) 412,804 889 Bank Leumi Le-Israel(A) 484,349 1,018 Bezeq Israeli Telecommunication(A) 1,481,316 2,435 Delek Automotive Systems(A) 41,422 214 First International Bank of Israel*(A) 51,020 360 Israel Chemicals(A) 222,263 1,555 Israel Discount Bank, Cl A(A) 664,714 600 Migdal Insurance & Financial Holding(A) 214,322 227 Mizrahi Tefahot Bank(A) 92,000 475 Partner Communications(A) 38,041 628 Teva Pharmaceutical Industries ADR 98,116 4,177 Teva Pharmaceutical Industries(A) 92,927 3,990 Union Bank of Israel*(A) 21,090 40 ------------- 16,608 -------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- KAZAKHSTAN -- 0.2% KazMunaiGas Exploration Production GDR(A) 82,003 $ 1,040 ------------- LUXEMBOURG -- 0.4% Reinet Investments SCA* 1 -- Tenaris ADR 99,238 2,082 Ternium ADR(B) 47,038 403 ------------- 2,485 ------------- MALAYSIA -- 2.8% AMMB Holdings(A) 935,287 671 Berjaya Sports Toto(A) 298,300 413 BIMB Holdings(A) 36,000 9 British American Tobacco Malaysia(A) 135,600 1,746 Digi.Com(A) 58,200 367 Gamuda(A) 1,349,700 741 Genting(A) 751,700 808 HAP Seng Consolidated(A) 277,000 163 Hong Leong Bank(A) 390,811 575 IOI Properties*(A) 115,268 67 JT International(A) 20,000 26 KLCC Property Holdings(A) 290,700 236 Lion Industries(A) 355,000 70 Malayan Banking(A) 1,153,850 1,707 Malaysia Airports Holdings(A) 36,900 24 Malaysian Bulk Carriers(A) 644,714 447 MISC(A) 138,000 335 Petronas Dagangan(A) 700 1 Petronas Gas(A) 269,000 763 PLUS Expressways(A) 306,000 264 PPB Group(A) 308,000 830 Public Bank(A) 236,496 606 Resorts World(A) 1,758,600 1,154 Sime Darby(A) 569,800 860 Tanjong(A) 121,000 467 Tenaga Nasional(A) 992,675 1,800 Titan Chemicals(A) 388,000 84 UMW Holdings(A) 414,651 619 ------------- 15,853 ------------- MEXICO -- 4.2% America Movil ADR, Ser L 168,166 5,211 America Movil, Ser L 2,514,003 3,858 Banco Compartamos 245,583 443 Carso Global Telecom* 189,154 757 Cemex 1,425,698 1,291 Coca-Cola Femsa 219,300 956 Consorcio ARA 960,600 372 Embotelladoras Arca 331,009 586 Fomento Economico Mexicano ADR 30,246 911 Fomento Economico Mexicano 400,062 1,196 Gruma, Cl B* 437,116 221 Grupo Carso, Ser A1 201,303 549 Grupo Casa Saba ADR 4,500 90 Grupo Continental 801,400 1,325 Grupo Famsa, Cl A*(B) 94,417 60 Grupo Financiero Banorte, Cl O 347,302 627
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- Grupo Mexico, Ser B 2,273,382 $ 1,461 Grupo Modelo 170,780 543 Grupo Televisa 261,829 773 Megacable Holdings* 73,000 97 Promotora Ambiental*(B) 11,200 8 Telefonos de Mexico 1,116,100 1,156 Urbi Desarrollos Urbanos* 983,751 1,343 Wal-Mart de Mexico, Ser V 130,838 350 ------------- 24,184 ------------- NETHERLANDS -- 0.1% Plaza Centers(A) 400,364 327 X 5 Retail Group GDR*(A) 29,760 258 ------------- 585 ------------- PANAMA -- 0.2% Copa Holdings, Cl A 33,100 1,004 ------------- PERU -- 0.0% Cia de Minas Buenaventura ADR 13,129 262 ------------- PHILIPPINES -- 0.8% ABS-CBN Broadcasting PDR(A) 479,300 128 Bank of the Philippine Islands(A) 450,771 376 Globe Telecom(A) 28,934 472 Manila Electric 407,960 510 Metropolitan Bank & Trust(A) 166,800 84 Philippine Long Distance Telephone(A) 31,110 1,422 Philippine Long Distance Telephone ADR 17,652 829 Pilipino Telephone(A) 609,000 91 SM Investments(A) 106,794 440 Union Bank of Philippines(A) 460,500 212 ------------- 4,564 ------------- POLAND -- 1.2% Bank BPH(A) 16,779 201 Bank Handlowy w Warszawie(A) 11,447 186 Bank Ochrony Srodowiska(A) 5 -- Bank Pekao(A) 8,240 354 Cyfrowy Polsat(A) 157,056 717 KGHM Polska Miedz(A) 33,751 322 Polish Oil & Gas(A) 417,000 508 Polski Koncern Naftowy Orlen(A) 201,548 1,756 Powszechna Kasa Oszczednosci Bank Polski(A) 85,066 1,027 Telekomunikacja Polska(A) 262,458 1,705 ------------- 6,776 ------------- RUSSIA -- 5.6% Comstar United Telesystems GDR(A) 145,760 582 Gazprom OAO ADR(A) 248 4 LUKOIL ADR 243,997 8,077 Mechel ADR(B) 68,212 273 MMC Norilsk Nickel ADR(A) 279,811 1,795 Mobile Telesystems ADR 101,424 2,706 Novorossiysk Commercial Sea Port GDR(A) 15,015 102
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- OAO Gazprom ADR(A) 839,083 $ 12,089 Pharmstandard GDR* 33,038 350 PIK Group GDR 53,026 51 Rosneft Oil GDR 314,968 1,181 Sberbank GDR(A) 8,708 1,234 Severstal GDR 25,750 70 Surgutneftegaz ADR 186,438 997 Tatneft GDR 29,768 1,042 TMK OAO GDR(A) 34,690 136 Uralkali GDR 42,508 379 Uralsvyazinform ADR(A) 59,300 128 Vimpel-Communications ADR 75,200 538 VTB Bank GDR(A)(B) 68,000 149 ------------- 31,883 ------------- SINGAPORE -- 0.1% Epure International(A) 2,427,500 417 ------------- SOUTH AFRICA -- 8.1% ABSA Group(A) 63,000 741 African Bank Investments(A)(B) 291,457 812 African Rainbow Minerals(A) 48,000 581 AngloGold Ashanti ADR(B) 65,649 1,819 ArcelorMittal South Africa(A) 6,042 58 Assore(A) 5,908 287 Aveng(A) 67,658 226 Bidvest Group(A) 77,168 879 FirstRand(A)(B) 1,158,598 2,038 Foschini(A) 96,000 500 Gold Fields(A)(B) 224,219 2,235 Gold Fields ADR 53,670 533 Grindrod(A) 521,782 866 Harmony Gold Mining*(A) 117,139 1,268 Hosken Consolidated Investments(A) 8,000 34 Impala Platinum Holdings(A) 81,480 1,201 Imperial Holdings(A) 44,000 286 JD Group(A) 144,750 577 Liberty Holdings(A) 92,730 625 Metropolitan Holdings(A) 494,918 580 Mondi(A) 154,584 565 Mr Price Group(A)(B) 185,945 499 MTN Group(A) 298,585 3,520 Murray & Roberts Holdings(A) 94,919 496 Nampak(A) 652,232 933 Naspers, Cl N(A) 44,029 797 Nedbank Group(A) 298,179 3,084 Remgro(A) 65,302 540 Reunert(A) 113,269 625 RMB Holdings(A) 51,525 144 Sanlam(A) 1,326,169 2,438 Santam(A) 15,309 132 Sappi(A) 687,681 2,785 Sasol(A) 280,991 8,545 Shoprite Holdings(A) 162,913 937 Standard Bank Group(A) 140,301 1,266 Steinhoff International Holdings(A) 338,289 459 Telkom(A) 152,860 1,898 Tiger Brands(A) 29,208 452 ------------- 46,261 -------------
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- SOUTH KOREA -- 12.8% Daewoo Shipbuilding & Marine Engineering*(A) 35,580 $ 449 Daishin Securities(A) 610 7 Dongbu Insurance(A) 35,570 423 Doosan*(A) 2,370 187 Hana Financial Group(A) 23,453 374 Handsome*(A) 13,738 87 Hanwha Chemical*(A) 75,931 371 Hyundai Department Store*(A) 8,620 441 Hyundai Development*(A) 72,350 1,916 Hyundai Heavy Industries*(A) 15,519 2,537 Hyundai Mipo Dockyard*(A) 4,846 536 Hyundai Motor*(A) 18,854 603 Kangwon Land*(A) 163,720 1,810 KB Financial Group* 65,850 1,762 KISCO* 3,776 93 KISCO Holdings*(A) 1,143 33 Korea Development Financing(A) 2,020 43 Korea Electric Power*(A) 62,500 1,457 Korea Exchange Bank*(A) 94,900 489 Korea Gas*(A) 13,770 638 KT*(A) 50,520 1,507 KT ADR(B) 60,270 884 KT Freetel(A) 37,340 936 KT&G*(A) 80,983 5,122 Kumho Tire*(A) 87,370 317 LG*(A) 48,824 1,696 LG Chem*(A) 31,801 1,831 LG Dacom*(A) 19,840 318 LG Electronics*(A) 40,775 2,476 LG Household & Health Care*(A) 5,540 844 LG Philips LCD*(A) 93,072 1,551 LG Telecom*(A) 77,460 617 Lotte Confectionery*(A) 430 449 Lotte Shopping*(A) 12,786 2,171 LS Cable*(A) 420 26 MegaStudy*(A) 5,110 757 Nong Shim Holdings*(A) 2,060 95 Ottogi*(A) 710 82 Pacific*(A) 4,263 361 POSCO ADR(B) 4,040 304 POSCO(A) 12,763 3,876 Pusan Bank*(A) 80,545 382 Samsung C&T*(A) 25,505 824 Samsung Electronics(A) 45,025 16,416 Samsung Fire & Marine Insurance(A) 18,525 2,815 Samyang Genex*(A) 260 14 SeAH Holdings*(A) 60 3 Shinhan Financial Group*(A) 115,138 2,740 Shinsegae*(A) 11,104 4,314 SK Energy*(A) 21,633 1,330 SK Gas*(A) 3,709 141 SK Holdings*(A) 16,605 1,276 SK Telecom(A) 132 22 SK Telecom ADR(B) 105,750 1,923 S-Oil(A) 13,437 664 Youngone*(A) 17,540 89 ------------- 73,429 -------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- SWEDEN -- 0.1% West Siberian Resources GDR*(A) 1,549,733 $ 516 ------------- TAIWAN -- 10.4% Ability Enterprise(A) 323,376 205 Acer(A) 654,361 856 Advanced Semiconductor Engineering(A) 2,994,404 1,083 Asia Optical(A) 122,000 144 Asustek Computer(A) 170,453 192 AU Optronics(A) 2,957,993 2,242 Cathay Financial Holding(A) 2,220,373 2,502 Chang Hwa Commercial Bank(A) 1,244,000 490 Chi Mei Optoelectronics(A) 1,848,400 612 China Airlines(A) 2,571,000 601 China Development Financial Holding(A) 3,872,450 864 China Manmade Fibers(A) 681,000 90 China Motor(A) 825,985 220 China Petrochemical Development*(A) 29,700 6 China Steel(A) 1,234,990 874 Chinatrust Financial Holding(A) 7,091,216 3,035 Chunghwa Telecom(A) 3,907,114 6,294 Compal Electronics(A) 5,650,755 2,988 CTCI(A) 286,396 199 Far Eastern Textile(A) 2,210,979 1,423 Far EasTone Telecommunications(A) 1,188,000 1,354 First Financial Holding(A) 563,554 301 Formosa Chemicals & Fibre(A) 650,000 797 Formosa Plastics(A) 501,000 668 Fubon Financial Holding(A) 1,461,000 1,072 Gigabyte Technology(A) 328,000 118 HannStar Display(A) 969,145 127 High Tech Computer(A) 205,800 2,066 HON HAI Precision Industry(A) 1,454,639 2,868 Hua Nan Financial Holdings(A) 384,000 218 King Yuan Electronics(A) 613,000 135 Lite-On Technology(A) 1,423,844 937 MediaTek(A) 283,065 1,914 Mega Financial Holding(A) 4,705,000 1,659 Nan Ya Plastics(A) 788,000 853 Nan Ya Printed Circuit Board(A) 284,203 602 Nien Hsing Textile(A) 674,000 168 Powerchip Semiconductor*(A) 1,911,626 229 President Chain Store(A) 219,000 526 Quanta Computer(A) 2,818,145 2,990 Shih Wei Navigation(A) 154,000 165 Siliconware Precision Industries(A) 18,002 16 SinoPac Financial Holdings(A) 5,287,230 1,168 Taiwan Cooperative Bank(A) 1,786,850 910 Taiwan Fertilizer(A) 756,000 1,211 Taiwan Glass Industrial(A) 85,000 49 Taiwan Semiconductor Manufacturing ADR 225,691 1,783 Taiwan Semiconductor Manufacturing(A) 5,744,436 7,838
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- United Microelectronics(A) 5,646,312 $ 1,278 Yageo(A) 2,729,440 347 Yuanta Financial Holding(A) 866,000 394 ------------- 59,681 ------------- THAILAND -- 2.8% Advanced Info Service(A) 150,100 346 Bangkok Bank(A) 468,394 945 Bangkok Bank NVDR(A) 531,000 1,067 BEC World(A) 142,971 82 Bumrungrad Hospital(A) 935,550 577 Charoen Pokphand Foods(A) 8,367,600 770 Electricity Generating(A) 106,534 211 Kasikornbank(A) 764,300 1,002 Krung Thai Bank(A) 9,443,200 1,043 PTT(A) 520,537 2,654 PTT Chemical(A) 73,832 69 PTT Exploration & Production(A) 214,819 671 PTT NVDR(A) 14,900 76 Ratchaburi Electricity Generating Holding(A) 238,600 295 Siam Cement(A) 215,200 682 Siam Commercial Bank(A) 2,393,516 3,369 Thai Airways International(A) 944,080 213 Thai Oil(A) 536,600 369 Thai Union Frozen Products(A) 957,900 535 Total Access Communication(A) 502,600 444 Total Access Communication NVDR(A) 404,500 378 ------------- 15,798 ------------- TURKEY -- 2.1% Akbank(A) 240,978 759 Borusan Mannesmann Boru Sanayi(A) 2,085 8 Bossa Ticaret Sanayi Isletme(A) 80,000 110 Cimsa Cimento Sanayi VE Tica(A) 190,602 380 Eczacibasi Ilac Sanayi(A) 175,000 101 Fortis Bank*(A) 266,000 126 Haci Omer Sabanci Holding(A) 734,959 1,691 KOC Holding*(A) 312,976 532 Sekerbank(A) 110,000 79 Tekfen Holding(A) 211,333 406 Trakya Cam Sanayi*(A) 144,000 86 Tupras Turkiye Petrol Rafine(A) 118,376 1,253 Turk Hava Yollari*(A) 270,062 1,001 Turk Sise ve Cam Fabrikalari(A) 954,595 682 Turkcell Iletisim Hizmet(A) 268,871 1,555 Turkcell Iletisim Hizmet ADR 18,870 275 Turkiye Garanti Bankasi(A) 897,736 1,545 Turkiye Is Bankasi, Cl C(A) 288,907 787 Turkiye Sinai Kalkinma Bankasi*(A) 961,376 582 Turkiye Vakiflar Bankasi Tao, Cl D(A) 203,352 157 ------------- 12,115 ------------- UNITED ARAB EMIRATES -- 0.1% Depa GDR* 119,328 304 -------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- UNITED KINGDOM -- 0.7% Anglo American(A) 84,940 $ 1,974 Antofagasta(A) 75,289 472 BHP Billiton(A) 16,173 313 British American Tobacco 25,718 682 JKX Oil & Gas(A) 123,130 330 Vedanta Resources(A) 27,639 248 ------------- 4,019 ------------- UNITED STATES -- 0.2% Central European Distribution* 15,800 311 China Sky One Medical* 1,988 32 Lenovo Group(A)(B) 1,934,000 531 ------------- 874 ------------- Total Common Stock (Cost $776,494) ($ Thousands) 525,162 ------------- PREFERRED STOCK -- 7.6% BRAZIL -- 7.6% Aracruz Celulose, Cl B 86,679 93 Banco Bradesco 82,800 802 Banco Daycoval 22,700 52 Banco Itau Holding Financeira 106,330 1,190 Bradespar 60,821 500 Brasil Telecom 137,061 802 Brasil Telecom Participacoes 89,418 668 Braskem 195,500 465 Centrais Eletricas Brasileiras 148,644 1,541 Centrais Eletricas de Santa Catarina 13,400 200 Cia de Bebidas das Americas ADR(B) 10,580 469 Cia de Gas de Sao Paulo 26,000 369 Cia de Tecidos do Norte de Minas - Coteminas* 180,932 291 Cia Energetica de Minas Gerais 79,521 1,083 Cia Energetica do Ceara 17,200 166 Cia Paranaense de Energia 122,666 1,262 Cia Vale do Rio Doce, Cl A 385,632 3,951 Cia Vale do Rio Doce Sponsored ADR, Cl B(B) 287,176 3,058 Confab Industrial 92,200 148 Construtora Sultepa 600 1 Eletropaulo Metropolitana Eletricidade de Sao Paulo 167,340 1,830 Ferbasa-Ferro Ligas DA Bahia 21,100 61 Fertilizantes Fosfatados 115,965 555 Investimentos Itau 690,817 2,373 Mangels Industrial 3,700 8 Marcopolo 265,145 360 Metalurgica Gerdau, Cl A 61,599 532 NET Servicos de Comunicacao* 315,200 1,796 Parana Banco 16,600 18 Petroleo Brasileiro 649,221 6,359 Petroleo Brasileiro Sponsored ADR, Cl A(B) 395,330 8,069 Randon Participacoes 112,900 304 Sadia 136,010 219 Telecomunicacoes de Sao Paulo 41,657 816
Shares/Face Amount (1) Market Value Description ($ Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Telegraph Norte Leste Participacoes 20,680 $ 286 Telemar Norte Leste 58,962 1,403 Telemig Celular Participacoes 8,966 131 Tim Participacoes 322,100 407 Universo Online 20,000 63 Usinas Siderurgicas de Minas Gerais 48,475 551 Votorantim Celulose e Papel* 45,500 350 ------------- 43,602 ------------- SOUTH KOREA -- 0.0% Samsung Fire & Marine Insurance(A) 168 10 ------------- Total Preferred Stock (Cost $55,382) ($ Thousands) 43,612 ------------- EXCHANGE TRADED FUND -- 0.4% UNITED STATES -- 0.4% iShares MSCI Emerging Markets Index Fund 81,350 2,031 ------------- Total Exchange Traded Fund (Cost $3,118) ($ Thousands) 2,031 -------------
Number Of Warrants -------------- EQUITY-LINKED WARRANTS -- 0.1% RUSSIA -- 0.1% Sberbank, Expires 02/23/10* 486,000 360 ------------- Total Equity-Linked Warrants (Cost $136) ($ Thousands) 360 ------------- DEBENTURE BOND -- 0.0% BRAZIL -- 0.0% Cia Vale do Rio Doce, Ser 1997 0.000%, 09/30/49(E) 8 -- ------------- Total Debenture Bond (Cost $0) ($ Thousands) -- -------------
Number Of Rights -------------- RIGHT -- 0.0% HONG KONG -- 0.0% China Overseas Land & Investment, Expires 01/23/09* 11 4 ------------- Total Right (Cost $0) ($ Thousands) 4 -------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Market Value Description Shares ($ Thousands) - ------------------------------------------- -------------- ------------- AFFILIATED PARTNERSHIP -- 8.0% UNITED STATES -- 8.0% SEI Liquidity Fund, L.P., 1.360%**+(F) 47,055,740 $ 45,964 ------------- Total Affiliated Partnership (Cost $47,056) ($ Thousands) 45,964 ------------- Total Investments -- 107.9% (Cost $882,186) ($ Thousands) ++ $ 617,133 =============
A summary of the outstanding forward foreign currency contracts held by the Fund at December 31, 2008, is as follows:
Currency Currency Unrealized to Deliver to Receive Depreciation Maturity Date (Thousands) (Thousands) ($ Thousands) - ------------- ----------- ----------- ------------- 1/2/09-1/5/09 USD 698 PHP 33,148 $ (1) 1/5/09 ZAR 5,158 USD 532 (26) 1/6/09 EGP 134 USD 24 -- 1/6/09 INR 4,092 USD 84 -- 1/6/09 TWD 11,345 USD 344 (1) ---- $(28) ====
Percentages are based on a Net Assets of $571,811($ Thousands). * Non-income producing security ** Rate shown is the 7-day effective yield as of December 31, 2008. + Affiliated security (1) In U.S. dollars unless otherwise indicated. (A) Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of December 31, 2008 was $405,973 ($ Thousands) and represented 71.0%of Net Assets. (B) This security or a partial position of this security is on loan at December 31, 2008. The total market value of securities on loan at December 31, 2008 was $46,610 ($ Thousands). (C) Securities considered illiquid. The total market value of such securities as of December 31, 2008 was $582 ($ Thousands) and represented 0.1% of Net Assets. (D) Real Estate Investments Trust (E) Variable Rate Security - The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2008. The date reported on the Schedule of Investments is the next reset date. (F) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2008 was $45,964 ($ Thousands). ++ At December 31, 2008, the tax basis cost of the Fund's investments was $882,186 ($ Thousands), and the unrealized appreciation and depreciation were $22,258 ($ Thousands) and ($287,311)($ Thousands) respectively. ADR -- American Depositary Receipt BDR -- Brazilian Depositary Receipt BRL -- Brazilian Real Cl -- Class EGP -- Egyptian Pound GDR -- Global Depositary Receipt HKD -- Hong Kong Dollar INR -- Indian Rupee L.P. -- Limited Partnership NVDR -- Non-Voting Depositary Receipt PDR -- Philippine Depositary Receipt PHP -- Philippine Peso Ser -- Series TWD -- Taiwan Dollar USD -- U.S. Dollar ZAR -- South African Rand Amounts designated as "--" are $0 or have been rounded to $0. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual and annual financial statements. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- GLOBAL BONDS -- 70.7% AUSTRALIA -- 0.6% Australia Government Bond 6.500%, 05/15/13 460 $ 360 6.250%, 04/15/15 300 240 6.000%, 02/15/17 1,810 1,447 FMG Finance 9.750%, 09/01/13 EUR 350 248 Macquarie Bank, Ser E MTN 5.500%, 03/19/09(A) GBP 336 357 Rio Tinto Finance USA 5.875%, 07/15/13 795 633 ------------- 3,285 ------------- AUSTRIA -- 0.1% Telekom Finanzmanagement MTN 5.000%, 07/22/13 401 529 ------------- BELGIUM -- 1.4% Kingdom of Belgium, Ser 31 5.500%, 03/28/28 2,872 4,737 Kingdom of Belgium, Ser 48 4.000%, 03/28/22 2,100 2,945 ------------- 7,682 ------------- BRAZIL -- 0.3% Federal Republic of Brazil 8.250%, 01/20/34 920 1,125 Vale Overseas 6.875%, 11/21/36 301 273 ------------- 1,398 ------------- CANADA -- 2.6% Bell Canada MTN 5.000%, 02/15/17 270 185 Canadian Natural Resources 5.150%, 02/01/13 175 162 Canadian Pacific Railway 6.500%, 05/15/18 130 114 Government of Canada 5.000%, 06/01/37 4,585 4,748 4.250%, 06/01/18 525 480 3.750%, 06/01/12 6,050 5,262 Province of Ontario 4.700%, 06/02/37 1,375 1,113 Province of Ontario Canada 4.200%, 03/08/18 1,950 1,594 YPG Holdings MTN 5.250%, 02/15/16 665 479 ------------- 14,137 ------------- CAYMAN ISLANDS -- 1.0% Dar Al-Arkan International 6.885%, 01/16/09(A) 825 701 Mizuho Capital Investment 5.020%, 06/30/09(A) EUR 1,850 1,629 MUFG Capital Finance 2 4.850%, 01/25/09(A) EUR 1,481 1,169
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Pacific Life Funding, Ser E MTN 5.500%, 05/14/09 EUR 691 $ 962 Resona Preferred Global Securities 7.191%, 07/30/09(A)(B) 443 211 Yorkshire Power Finance 7.250%, 08/04/28 GBP 408 588 ------------- 5,260 ------------- CHILE -- 0.1% Nacional del Cobre de Chile - CODELCO 6.150%, 10/24/36(B) 640 561 ------------- DENMARK -- 1.6% Danica Pension 4.350%, 10/29/49 EUR 1,980 2,287 Danske Bank, Ser E MTN 5.875%, 03/26/09(A) EUR 540 695 Kingdom of Denmark 6.000%, 11/15/11 4,240 863 4.000%, 11/15/17 8,310 1,630 Nykredit 5.000%, 04/01/09(A) 19,049 3,325 ------------- 8,800 ------------- FINLAND -- 0.7% Finland Government Bond 4.250%, 09/15/12 2,750 3,991 ------------- FRANCE -- 5.3% AXA, Ser E MTN 5.777%, 07/06/09(A) 1,100 803 BNP Paribas, Ser E 8.667%, 09/11/09(A) 100 119 4.750%, 04/04/11 400 562 Caisse Nationale des Caisses d'Epargne et de Prevoyance, Ser E MTN 6.117%, 10/30/09(A) 100 75 4.750%, 02/01/09(A) 200 136 Caisse Refinancement de l'Habitat 4.250%, 10/25/14 332 461 CIE Financement Foncier 4.625%, 09/23/17 1,400 1,973 CMA CGM Registered 5.500%, 05/16/12 170 109 Compagnie De St Gobain, Ser E MTN 3.012%, 04/14/09(A) 350 402 Credit Logement MTN 4.604%, 03/16/09(A) 350 282 3.929%, 03/15/09(A) 150 150 EDF MTN 6.875%, 12/12/22 300 458 Government of France 5.750%, 10/25/32 3,795 6,722 4.750%, 04/25/35 3,640 5,831 3.750%, 04/25/21 2,430 3,400 3.500%, 04/25/15 3,600 5,157
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Groupe Danone MTN 5.250%, 05/06/11 400 $ 565 Lafarge 6.150%, 07/15/11 800 697 Natixis 6.307%, 10/18/09(A) 150 77 Natixis, Ser E 5.171%, 01/26/09(A) 300 287 Societe Generale, Ser E MTN 3.844%, 03/09/09(A) 200 230 Veolia Environnement, Ser E MTN 6.125%, 10/29/37 GBP 200 253 5.250%, 06/03/13 585 542 ------------- 29,291 ------------- GERMANY -- 7.6% Bayer MTN 5.000%, 07/29/09(A) 718 745 Bayer, Ser E MTN 5.625%, 05/23/18 GBP 150 205 2.862%, 04/14/09(A) 250 345 Bayerische Landesbank, Ser E MTN 4.500%, 02/07/09(A) 1,000 1,112 Bundesobligation 4.000%, 10/11/13 6,800 10,151 Bundesobligation Inflation Linked 2.250%, 04/15/13 300 422 Bundesrepublik Deutschland 3.750%, 07/04/13 3,100 4,566 3.750%, 01/04/19 4,400 6,538 3.750%, 01/04/19 100 148 Bundesrepublik Deutschland, Ser 03 4.750%, 07/04/34 2,460 3,948 Bundesrepublik Deutschland, Ser 04 3.750%, 01/04/15 180 267 Bundesrepublik Deutschland, Ser 06 4.000%, 07/04/16 120 180 Bundesrepublik Deutschland, Ser 07 4.250%, 07/04/39 2,875 4,539 Bundesschatzanweisungen 2.250%, 12/10/10 2,750 3,857 Commerzbank, Ser E MTN 4.125%, 09/13/09(A) 400 489 Deutsche Boerse 7.500%, 06/13/09(A) 250 275 KFW 4.700%, 06/02/37 CAD 2,080 1,638 1.350%, 01/20/14 JPY 250,000 2,757 ------------- 42,182 ------------- GREECE -- 2.0% Hellenic Republic 15 Year Bond 4.600%, 07/20/18 6,275 8,288 Hellenic Republic 30 Year Bond 4.500%, 09/20/37 2,700 3,025 ------------- 11,313 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- IRELAND -- 1.1% Anglo Irish Bank, Ser E MTN 3.469%, 03/25/09(A) 450 $ 442 3.405%, 03/19/09(A) 200 164 Ardagh Glass Group PIK 10.750%, 03/01/15 293 142 Depfa ACS Bank MTN 4.250%, 12/15/09 210 288 GE Capital European Funding, Ser E MTN 4.375%, 03/30/11 400 548 GE Capital UK Funding, Ser E MTN 5.125%, 03/03/15 GBP 1,875 2,489 Hypo Real Estate International Trust I 5.864%, 06/14/09(A) 1,000 70 Irish Nationwide Building Society, Ser E MTN 4.348%, 02/18/09(A) 300 410 TransCapit (Transneft) Registered 7.700%, 08/07/13 1,124 821 5.381%, 06/27/12 600 592 UT2 Funding 5.321%, 06/30/16 390 230 ------------- 6,196 ------------- ITALY -- 2.9% Banca Italease, Ser E MTN 4.994%, 02/02/09(A) 150 172 Banca Popolare di Milano 9.000%, 06/25/09(A) 200 189 Banco Popolare Scarl, Ser E MTN 4.942%, 02/09/09(A) 1,350 1,532 Buoni Poliennali Del Tesoro 5.750%, 02/01/33 4,170 6,198 2.350%, 09/15/19 850 1,119 IFIL - Investments 5.375%, 06/12/17 200 182 Intesa Sanpaolo, Ser E MTN 6.375%, 11/12/09(A) GBP 300 406 Italy Buoni Poliennali Del Tesoro 4.500%, 03/01/19 1,300 1,806 SanPaolo IMI, Ser E MTN 6.375%, 04/06/10 2,150 3,018 Unicredito Italiano, Ser E MTN 4.500%, 09/22/19 1,300 1,547 ------------- 16,169 ------------- JAPAN -- 15.3% Aiful 6.000%, 12/12/11(B) 534 216 East Japan Railway, Ser E MTN 4.750%, 12/08/31 GBP 1,000 1,307 Fukoku Mutual Life Insurance 4.500%, 09/28/09(A) EUR 500 614 Government of Japan 15 Year Bond, Ser 35 0.750%, 01/20/09(A) 240,500 2,394
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Government of Japan 15 Year Bond, Ser 39 1.220%, 03/20/21 149,000 $ 1,623 Government of Japan 20 Year Bond, Ser 48 2.500%, 12/21/20 953,000 11,670 Government of Japan 20 Year Bond, Ser 76 1.900%, 03/20/25 126,000 1,442 Government of Japan 20 Year Bond, Ser 99 2.100%, 12/20/27 1,126,500 13,181 2.100%, 12/20/27 231,300 2,707 Government of Japan 5 Year Bond, Ser 75 1.100%, 09/20/13 721,100 8,114 Government of Japan CPI Linked Bond, Ser 10 1.100%, 12/10/16 2,230,000 21,377 Government of Japan CPI Linked Bond, Ser 13 1.300%, 09/10/17 111,600 1,077 Government of Japan CPI Linked Bond, Ser 14 1.200%, 12/10/17 450,191 4,306 Government of Japan CPI Linked Bond, Ser 15 1.400%, 03/10/18 94,793 917 Government of Japan CPI Linked Bond, Ser 5 0.800%, 09/10/15 511,413 4,903 Japan Finance for Municipal Enterprises 2.000%, 05/09/16 540,000 6,222 Resona Bank MTN 4.125%, 09/27/09(A) EUR 1,000 742 Sumitomo Mitsui Banking MTN 5.625%, 04/15/09(A)(B) 228 169 4.375%, 10/27/09(A) EUR 830 1,131 4.375%, 10/15/09(A) EUR 460 361 ------------- 84,473 ------------- JERSEY -- 0.0% EFG Hellas Funding, Ser B 4.565%, 11/02/09(A) 250 127 HBOS Capital Funding 4.939%, 05/23/09(A) 250 150 ------------- 277 ------------- LUXEMBOURG -- 0.9% ArcelorMittal 5.375%, 06/01/13(B) 800 584 Basell AF SCA Registered 8.375%, 08/15/15(C) 173 7 Dexia Funding 4.892%, 11/02/09(A) 811 507 Gaz Capital 6.212%, 11/22/16(B) 230 153 Gaz Capital (Gazprom), Ser E MTN 6.580%, 10/31/13 GBP 150 161
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Glencore Finance Europe, Ser E MTN 7.125%, 04/23/15 300 $ 186 6.500%, 02/27/19 GBP 400 216 Sogerim, Ser E MTN 7.500%, 04/20/11 2,050 2,821 Tyco International Group 6.000%, 11/15/13 331 311 ------------- 4,946 ------------- MEXICO -- 0.7% Mexican Bonos, Ser M10 7.750%, 12/14/17 25,415 1,809 7.250%, 12/15/16 2,135 148 Mexican Bonos, Ser M20 10.000%, 12/05/24 1,675 139 8.000%, 12/07/23 15,540 1,098 Mexican Bonos, Ser MI10 9.000%, 12/20/12 10,000 756 ------------- 3,950 ------------- NETHERLANDS -- 2.9% Adecco International Financial Services 4.500%, 04/25/13 1,200 1,514 Aegon 4.750%, 06/01/13 250 214 Allianz Finance II 6.125%, 05/31/09(A) 1,000 1,303 ASML Holding 5.750%, 06/13/17 400 339 Asset Repackaging Trust, Ser E PIK MTN 10.262%, 12/21/11(A) 311 432 BMW Finance, Ser E MTN 5.000%, 08/06/18 383 464 Boats Investments, Ser E MTN 11.000%, 03/31/17 278 105 Eureko 5.125%, 06/24/09(A) 450 354 Generali Finance 5.479%, 02/08/09(A) 450 384 Government of Netherlands 7.500%, 01/15/23 2,493 4,877 Iberdrola International, Ser E MTN 4.875%, 02/18/13 800 1,100 ING Bank, Ser E MTN 5.500%, 01/04/12 236 321 4.176%, 06/08/09(A) 382 325 ING Verzekeringen 6.250%, 06/21/09(A) 1,000 1,182 Linde Finance 8.125%, 01/14/09(A) GBP 125 155 7.375%, 07/14/09(A) 300 323 6.750%, 12/08/15 200 284 Rabobank Nederland, Ser E MTN 4.125%, 04/04/12 1,250 1,742 RWE Finance BV MTN 6.625%, 01/31/19 150 219 Siemens Financieringsmat 6.125%, 09/14/09(A) GBP 275 285 ------------- 15,922 -------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- NORWAY -- 0.6% DDI Holding 10.000%, 03/15/12 2,000 $ 114 Eksportfinans MTN 4.375%, 09/20/10 EUR 1,815 2,584 MPU Offshore Lift 0.000%, 12/22/11(C) 1,500 4 Petrojack 12.050%, 02/27/09(A) 2,000 171 11.000%, 04/19/10 1,000 86 Petrolia Drilling 12.000%, 06/20/12 1,000 50 Sevan Drilling 9.400%, 06/09/09(A) 2,000 171 ------------- 3,180 ------------- PERU -- 0.2% Republic of Peru 9.875%, 02/06/15 625 718 8.375%, 05/03/16 255 275 ------------- 993 ------------- POLAND -- 0.5% Republic of Poland 5.625%, 06/20/18 EUR 1,275 1,769 5.500%, 10/25/19 2,535 863 5.250%, 04/25/13 242 82 ------------- 2,714 ------------- RUSSIA -- 0.4% Gazprom OAO 9.625%, 03/01/13 470 428 7.288%, 08/16/37 500 295 RS Finance (RSB) 6.825%, 09/16/09 EUR 300 330 RSHB Capital 7.750%, 05/29/18(B) 1,712 1,104 Steel Capital (Severstal) 9.750%, 07/29/13(B) 540 286 ------------- 2,443 ------------- SOUTH AFRICA -- 0.6% Foodcorp Registered 8.875%, 06/15/12 EUR 330 239 Republic of South Africa 13.000%, 08/31/10 25,000 2,939 ------------- 3,178 ------------- SPAIN -- 0.1% Mapfre 5.921%, 07/24/09(A) 350 196 Santander Issuances, Ser E MTN 5.296%, 01/26/09(A) 250 310 ------------- 506 ------------- SUPRA-NATIONAL -- 4.4% European Investment Bank 6.000%, 08/14/13 AUD 700 508 1.400%, 06/20/17 JPY 2,198,000 23,634
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- WT Finance 3.625%, 06/27/12 EUR 150 $ 155 ------------- 24,297 ------------- SWEDEN -- 0.5% Kingdom of Sweden, Ser 1046 5.500%, 10/08/12 9,550 1,368 Svenska Handelsbanken, Ser E MTN 5.290%, 01/19/09(A) EUR 500 664 4.194%, 12/16/09(A) EUR 467 421 Swedbank, Ser E MTN 5.750%, 03/17/09(A) GBP 420 326 ------------- 2,779 ------------- SWITZERLAND -- 0.4% UBS MTN 6.625%, 04/11/18 GBP 150 233 6.250%, 09/03/13 EUR 200 283 5.875%, 12/20/17 800 735 5.375%, 04/11/11 EUR 400 558 4.395%, 02/17/09(A) EUR 500 572 ------------- 2,381 ------------- UNITED ARAB EMIRATES -- 1.0% Emirate of Abu Dhabi 5.500%, 08/02/12(B) 3,000 3,318 Nakheel Development 3.173%, 12/14/09 1,285 1,086 National Bank of Abu Dhabi, Ser E MTN 5.875%, 02/27/12 GBP 950 1,307 ------------- 5,711 ------------- UNITED KINGDOM -- 8.6% Abbey National Treasury Services 5.375%, 12/30/09 389 563 Abbey National Treasury Services, Ser E MTN 4.250%, 04/12/21 1,350 1,690 AIB UK 1 4.781%, 12/17/09(A) 194 62 Anglian Water Services Financing, Ser A5 MTN 6.293%, 07/30/30 500 681 Anglian Water Services Financing, Ser E MTN 5.250%, 10/30/15 280 396 4.625%, 10/07/13 1,450 1,915 Bank of Ireland Holdings, Ser 1 MTN 7.400%, 03/07/09(A) 550 283 Bank of Scotland, Ser E MTN 4.750%, 06/08/22 1,275 1,608 Barclays Bank, Ser E MTN 6.750%, 01/16/09(A) 350 458 6.000%, 01/23/18 471 613 5.750%, 09/14/26 274 335 BAT International Finance MTN 5.875%, 03/12/15 200 262 British Telecommunications 5.750%, 12/07/28 111 111
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Brixton 5.250%, 10/21/15(D) 280 $ 287 Cattles 7.125%, 07/05/17 100 14 Centrica MTN 7.125%, 12/09/13 400 573 Centrica, Ser E MTN 7.000%, 09/19/33 200 277 Chester Asset Receivables, Ser A 6.125%, 10/15/10 EUR 2,160 2,911 Diageo Finance MTN 6.625%, 12/05/14 200 286 Friends Provident 7.747%, 05/21/09(A)(E) 413 320 Getin Finance, Ser E MTN 6.592%, 02/09/09(A) 200 260 Hammerson 5.250%, 12/15/16(D) 280 271 HBOS, Ser E MTN 6.050%, 11/23/09(A) EUR 405 330 5.125%, 10/14/09(A) EUR 1,136 935 4.875%, 03/12/09(A) EUR 1,000 820 Imperial Tobacco Finance MTN 7.250%, 09/15/14 150 190 Ineo's Group Holdings 7.875%, 02/15/16 EUR 111 22 Lloyds TSB Bank, Ser E MTN 6.625%, 03/30/15 214 307 6.350%, 02/25/09(A) 391 387 4.385%, 05/12/09(A) 200 159 Marks & Spencer, Ser E MTN 5.625%, 03/24/14 268 330 National Westminster Bank 6.500%, 09/07/21 220 293 Nationwide Building Society, Ser E MTN 3.375%, 08/17/09(A) 580 690 3.125%, 01/26/10 352 473 Northern Rock 6.024%, 01/13/09(A)(E) 50 44 5.625%, 06/22/17(B) 2,550 2,308 Northumbrian Water Finance 6.000%, 10/11/17 500 724 Old Mutual, Ser E MTN 4.500%, 01/18/09(A) 250 157 RBS Capital Trust A 6.467%, 06/30/09(A) 400 256 Rexam, Ser E MTN 4.375%, 03/15/13 600 661 Royal Bank of Scotland MTN 4.125%, 11/14/11 469 702 3.492%, 04/03/09(A) 150 77 Scottish & Southern Energy MTN 6.250%, 08/27/38 150 203 Southern Gas Networks, Ser A1 MTN 5.285%, 01/21/09(A) 300 408 Standard Chartered Bank, Ser E MTN 5.875%, 09/26/17 500 575 3.625%, 02/03/09(A) 400 482
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Tesco, Ser E MTN 5.875%, 09/12/16 300 $ 398 United Kingdom Gilt 4.250%, 12/07/49 700 1,099 United Kingdom Treasury 8.750%, 08/25/17 3,480 7,070 5.000%, 03/07/12 60 93 5.000%, 03/07/18 3,660 6,091 4.500%, 12/07/42 785 1,284 4.250%, 12/07/46 1,100 1,743 Vodafone Group, Ser E MTN 5.900%, 11/26/32 276 329 4.250%, 05/27/09 EUR 400 554 W&DB Issuer, Ser B1 5.641%, 01/15/09(A) 60 51 Westpac New Zealand 7.750%, 03/08/10 NZD 5,000 3,011 Zurich Finance, Ser E MTN 6.700%, 10/02/09(A)(E) 260 254 ------------- 47,686 ------------- UNITED STATES -- 6.3% American International Group, Ser A3 4.875%, 03/15/09(A) EUR 800 272 AT&T 5.600%, 05/15/18 415 423 BA Covered Bond Issuer, Ser E MTN 4.125%, 04/05/12 EUR 3,100 4,238 Banca Popolare di Bergamo Capital Trust 8.364%, 02/15/09(A) EUR 475 492 Banca Popolare Lodi Trust 6.742%, 06/30/09(A) EUR 955 664 Bank of America 5.750%, 12/01/17 395 394 5.650%, 05/01/18 350 352 Bank of America, Ser E MTN 5.125%, 09/26/14 250 336 Bear Stearns 7.625%, 12/07/09 243 248 3.250%, 03/25/09 721 718 BNP Paribas Capital Trust III 6.625%, 10/23/09(A) 1,000 1,154 Cablevision Systems, Ser B 8.000%, 04/15/12 235 209 CBS 7.700%, 07/30/10 440 430 Chesapeake Energy 6.250%, 01/15/17 EUR 400 334 CIT Group MTN 5.125%, 09/30/14 GBP 75 54 Citigroup 5.500%, 04/11/13 995 969 4.750%, 02/10/09(A) EUR 1,000 1,000 4.625%, 08/03/10(F) 400 393 Comcast 6.950%, 08/15/37 1,060 1,116 Commerzbank Capital Funding Trust I 5.012%, 04/12/09(A) EUR 350 163
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Countrywide Financial MTN 5.800%, 06/07/12 507 $ 494 Countrywide Home Loan, Ser L MTN 4.000%, 03/22/11 9 9 Deutsche Bank Capital Trust IV MTN 5.330%, 09/19/09(A) 400 245 Dubai Islamic Bank 1.855%, 03/22/12 1,050 735 Dynegy Holdings 8.375%, 05/01/16 230 163 Electronic Data Systems, Ser B 6.000%, 08/01/13 474 491 Fisher Scientific International 6.125%, 07/01/15 71 63 General Electric Capital 5.625%, 05/01/18 745 752 Genworth Financial 1.600%, 06/20/11 JPY 89,000 432 Goldman Sachs Group MTN 7.350%, 10/01/09 283 286 7.125%, 08/07/25 200 257 6.500%, 10/06/10 250 340 5.375%, 02/15/13 200 250 5.060%, 02/04/09(A) EUR 450 492 4.750%, 01/28/14 396 458 3.875%, 01/15/09 328 328 Hertz 8.875%, 01/01/14 221 136 HSBC Finance, Ser E MTN 6.125%, 01/22/10 GBP 334 486 HVB Funding Trust VIII 7.055%, 03/28/09(A) 1,600 845 JP Morgan Chase Capital XXV 6.800%, 10/01/37 340 314 JPMorgan Chase Bank 4.625%, 05/29/09(A) EUR 500 591 JPMorgan Chase, Ser E MTN 4.375%, 11/12/09(A) 1,000 1,106 L-3 Communications, Ser B 6.375%, 10/15/15 100 93 Merrill Lynch MTN 6.750%, 05/21/13 150 190 Merrill Lynch, Ser E MTN 4.625%, 10/02/13 EUR 550 636 Morgan Stanley MTN 6.000%, 04/28/15 630 544 Morgan Stanley, Ser E 5.450%, 01/09/17 580 478 3.750%, 03/01/13 1,000 1,055 Oracle 5.750%, 04/15/18 752 787 Owens Corning 6.500%, 12/01/16 1,330 963 Pfizer 1.800%, 02/22/16 JPY 110,000 1,210 Philip Morris International 4.875%, 05/16/13 345 346 Qwest 7.625%, 06/15/15 560 459
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Qwest Communications International 7.500%, 02/15/14 335 $ 240 Reynolds American 7.625%, 06/01/16 377 314 7.300%, 07/15/15 195 165 7.250%, 06/01/12 572 531 Schering-Plough 5.375%, 10/01/14 EUR 350 454 SLM, Ser E MTN 3.659%, 03/16/09(A) EUR 170 147 3.529%, 03/16/09(A) EUR 300 299 Sprint Capital 8.750%, 03/15/32 203 137 Verizon Communications 5.250%, 04/15/13 315 316 Verizon Wireless Capital 8.750%, 12/18/15 400 568 Wal-Mart Stores 4.875%, 01/19/39 GBP 238 285 Western Union 5.930%, 10/01/16 888 759 Windstream 8.625%, 08/01/16 220 195 WM Covered Bond Program, Ser E MTN 4.375%, 05/19/14 100 117 3.875%, 09/27/11 250 314 Wyndham Worldwide 6.000%, 12/01/16 372 150 ------------- 34,984 ------------- Total Global Bonds (Cost $412,213) ($ Thousands) 391,214 ------------- MORTGAGE-BACKED SECURITIES -- 13.5% BELGIUM -- 0.3% B-Arena, Ser 2006-1, Cl A 5.100%, 01/22/09 (A) 1,250 1,563 ------------- IRELAND -- 0.1% Immeo Residential Finance, Ser 2, Cl A 3.489%, 12/15/16 (A) 482 491 Talisman Finance, Ser 7, Cl H 7.568%, 04/22/17 (A) 488 156 ------------- 647 ------------- JAPAN -- 0.0% JLOC, Ser 37X, Cl B1 1.457%, 01/15/15 (A) 13,502 144 ------------- NETHERLANDS -- 1.1% Beluga Master Issuer, Ser 2006-1, Cl A2 5.048%, 01/28/09 (A) 2,200 2,768 Skyline, Ser 2007-1, Cl D 5.810%, 01/22/09 (A) 200 254 Storm, Ser 2006-1, Cl A2 5.110%, 01/22/09 (A) 2,500 3,011 ------------- 6,033 -------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- UNITED KINGDOM -- 1.9% Arkle Master Issuer, Ser 2006-1X, Cl 5M1 4.515%, 02/17/52 150 $ 152 Arran Residential Mortgages Funding, Ser 2006-1X, Cl BC 5.521%, 04/14/09 (A) 475 581 Canary Wharf Finance, Ser II, Cl C2 6.555%, 10/22/37 (A) 200 129 Eddystone Finance, Ser 2006-1, Cl B 6.496%, 01/19/09 (A) 100 96 Eddystone Finance, Ser 2006-1, Cl C 6.696%, 01/19/09 (A) 100 89 Gracechurch Mortgage Financing, Ser 2006-1, Cl C3 4.423%, 02/20/09 (A) 250 268 Gracechurch Mortgage Financing, Ser 2007-1X, Cl 3A2 4.253%, 11/20/56 (A) 2,000 2,460 Gracechurch Mortgage Financing, Ser 2007-1X, Cl 2D2 4.553%, 02/20/09 (A) 400 443 Granite Master Issuer, Ser 2006-2, Cl A5 2.942%, 01/20/09 (A) 1,000 878 Holmes Master Issuer, Ser 2007- 1, Cl 3C2 5.738%, 01/15/09 (A) 150 143 Leek Finance, Ser 15X, Cl BA 3.275%, 03/21/37 (A) 100 64 London and Regional Debt Securitisation, Ser 1, Cl A 6.420%, 01/15/09 (A) 150 169 Permanent Financing, Ser 5, Cl 3A 2.349%, 03/10/09 (A) 1,920 1,886 Permanent Financing, Ser 7, Cl 3B 3.608%, 03/10/09 (A) 2,500 3,078 ------------- 10,436 ------------- UNITED STATES -- 10.1% American Home Mortgage Assets, Ser 2006-6, Cl A1A 0.661%, 01/26/09 (A) 374 155 Banc of America Commercial Mortgage, Ser 2006-6, Cl A2 5.309%, 10/10/45 505 417 Banc of America Commercial Mortgage, Ser 2007-5, Cl A4 5.492%, 10/10/17 1,200 878 BCAP Trust, Ser 2007-AA1, Cl 1A1 0.571%, 01/26/09 (A) 1,738 992 Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-6, Cl 3A 5.425%, 02/25/09 (A) 490 312
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Bear Stearns Adjustable Rate Mortgage Trust, Ser 2006-2, Cl 2A1 5.650%, 02/25/09 (A) 810 $ 426 Bear Stearns Commercial Mortgage Securities, Ser 2006- PW14, Cl A4 5.201%, 12/11/38 2,775 2,264 Citigroup Commercial Mortgage Trust, Ser 2007-C6, Cl A4 5.700%, 02/10/09 (A) 1,140 859 Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4 6.096%, 02/10/09 (A) 405 313 Citigroup Mortgage Loan Trust, Ser 2005-2, Cl 1A4 5.117%, 02/25/09 (A) 2,361 1,726 Citigroup, Ser CD4, Cl A2B 5.205%, 12/11/49 1,250 1,037 Commercial Mortgage Asset Trust, Ser 1999-C1, Cl A3 6.640%, 09/17/10 523 521 Countrywide Alternative Loan Trust, Ser 2006-43CB, Cl 1A7 6.000%, 01/31/37 3,038 1,606 Countrywide Alternative Loan Trust, Ser 2006-OC8, Cl 2A1A 0.561%, 01/26/09 (A) 919 864 Countrywide Home Loans, Ser 2003-56, Cl 5A1 4.773%, 02/25/09 (A) 539 397 Credit Suisse First Boston Mortgage Securities, Ser 2002- CKS4, Cl A2 5.183%, 11/15/36 1,930 1,764 Credit Suisse First Boston Mortgage Securities, Ser 2003- CKS4, Cl A1 4.485%, 11/15/36 1,454 1,379 Credit Suisse Mortgage Capital Certificates, Ser 2006-C3, Cl A3 5.827%, 02/15/09 (A) 1,250 1,010 Credit Suisse Mortgage Capital Certificates, Ser 2006-C5, Cl A3 5.311%, 12/15/39 1,215 943 Deutsche ALT-A Securities, Ser 2006-0A1, Cl A1 0.671%, 01/26/09 (A) 494 200 Deutsche ALT-A Securities, Ser 2007-BAR1, Cl A1 0.551%, 01/26/09 (A) 912 868 FNMA 5.500%, 10/01/36 9,695 9,961 GNMA TBA 6.000%, 01/01/34 2,700 2,785 5.500%, 02/15/34 1,100 1,128 GSR Mortgage Loan Trust, Ser 2005-AR1, Cl 4A1 5.138%, 02/25/09 (A) 615 416 GSR Mortgage Loan Trust, Ser 2006-0A1, Cl 2A1 0.661%, 01/26/09 (A) 465 226
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- GSR Mortgage Loan Trust, Ser 2007-AR2, Cl 2A1 5.497%, 02/25/09 (A) 2,751 $ 1,718 JP Morgan Chase Commercial Mortgage Securities, Ser 2005- CDP5, Cl A4 5.179%, 02/15/09 (A) 1,220 978 JP Morgan Chase Commercial Mortgage Securities, Ser 2006- CB17, Cl A4 5.429%, 12/12/43 840 638 JP Morgan Chase Commercial Mortgage Securities, Ser 2007- CB18, Cl A4 5.440%, 06/12/47 1,380 996 JP Morgan Mortgage Trust, Ser 2004-A5, Cl 3A1 5.303%, 02/25/09 (A) 624 445 Keybank, Ser 2000-C1, Cl A2 7.727%, 02/15/09 (A) 2,400 2,400 LB Commercial Conduit Mortgage Trust, Ser 2007-C3, Cl A4 5.936%, 02/15/09 (A) 185 142 LB-UBS Commercial Mortgage Trust, Ser 2007-C6, Cl A4 5.858%, 02/15/09 (A) 345 245 LB-UBS Commercial Mortgage Trust, Ser 2007-C7, Cl A1A 4.475%, 10/15/29 2,766 2,429 LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A4 5.156%, 02/15/31 1,530 1,215 LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A2 6.150%, 02/15/09 (A) 930 714 Merrill Lynch/Countrywide Commercial Mortgage Trust, Ser 2006-3, Cl A4 5.414%, 02/12/09 (A) 1,165 917 Morgan Stanley Capital I, Ser 2006-IQ12, Cl A4 5.332%, 12/15/43 2,560 1,926 Morgan Stanley Capital I, Ser 2006-IQ16, Cl A4 5.809%, 12/12/49 1,300 973 Morgan Stanley Capital I, Ser 2007-HQ13, Cl A3 5.569%, 12/15/44 1,925 1,412 Salomon Brothers Mortgage Securities, Ser 2000-C1, Cl A2 7.520%, 02/18/09 (A) 2,230 2,226 Wachovia Bank Commercial Mortgage Trust, Ser 2006-C25, Cl A4 5.740%, 02/15/09 (A) 395 314 Wachovia Bank Commercial Mortgage Trust, Ser 2006-C27, Cl A3 5.765%, 02/15/09 (A) 1,150 919
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Wachovia Bank Commercial Mortgage Trust, Ser 2006-C29, Cl A4 5.308%, 11/15/48 305 $ 229 Washington Mutual Alternative Mortgage Pass-Through Certificates, Ser 2007-0A3, Cl 4A1 3.026%, 02/25/09 (A) 501 221 Washington Mutual Mortgage Pass-Through Certificates, Ser 2006-AR10, Cl 3A2 6.086%, 02/25/09 (A) 445 241 Washington Mutual Mortgage Pass-Through Certificates, Ser 2006-AR18, Cl 3A2 5.542%, 02/25/09 (A) 1,120 602 Washington Mutual Mortgage Pass-Through Certificates, Ser 2007-HY1, Cl 3A2 5.881%, 02/25/09 (A) 423 260 ------------- 55,607 ------------- Total Mortgage-Backed Securities (Cost $89,900) ($ Thousands) 74,430 ------------- ASSET-BACKED SECURITIES -- 4.7% FRANCE -- 0.4% Auto Compartiment, Ser 2006-1, Cl B 5.171%, 01/26/09 (A) 500 524 Auto Compartiment, Ser 2007-1, Cl A 4.131%, 02/25/09 (A) 1,000 1,271 FCC Sparc, Ser 2005-1, Cl B 5.688%, 07/15/11 400 531 ------------- 2,326 ------------- GERMANY -- 0.1% COMIT, Ser 1, Cl C 3.319%, 03/30/09 (A) 79 100 Prime Bricks, Ser 2007-1, Cl B 5.160%, 01/30/09 (A) 350 446 Prime Bricks, Ser 2007-1, Cl C 5.360%, 01/30/09 (A) 100 125 ------------- 671 ------------- IRELAND -- 0.0% Mermaid Secured Finance, Ser 2007-1, Cl D 5.160%, 01/30/09 (A) 100 128 Mermaid Secured Finance, Ser 2007-1, Cl C 5.360%, 01/30/09 (A) 100 123 ------------- 251 ------------- JERSEY -- 0.0% Whinstone Capital Management, Ser 1X, Cl B1 6.854%, 01/26/09 (A) 140 19 -------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- NETHERLANDS -- 0.6% Amstel Corporate Loan Offering, Ser 2007-1, Cl A2 3.199%, 03/25/09 (A) 1,000 $ 1,296 Lambda Finance, Ser 2005-1X, Cl A2 4.485%, 02/17/09 (A) 1,500 1,911 ------------- 3,207 ------------- SPAIN -- 0.3% FTA Santander Auto, Ser 1, Cl A 4.080%, 02/25/09 (A) 805 1,090 Santander Consumer Finance, Ser 2007-1, Cl A 3.275%, 09/20/22 427 561 ------------- 1,651 ------------- UNITED KINGDOM -- 0.6% Metrix Funding, Ser 1X, Cl A2 4.802%, 02/10/09 (A) 2,500 3,159 ------------- UNITED STATES -- 2.7% Chase Manhattan Auto Owner Trust, Ser 2005-B, Cl A4 4.880%, 06/15/12 1,999 1,991 Citibank Credit Card Issuance Trust, Ser A4, Cl A4 5.375%, 04/11/11 EUR 1,900 2,546 Countrywide Asset-Backed Certificates, Ser 2007-2, Cl 2A1 0.521%, 01/26/09 (A) 1,740 1,562 Ford Credit Auto Owner Trust, Ser 2006-C, Cl A3 5.160%, 11/15/10 2,215 2,191 Home Equity Asset Trust, Ser 2007-2, Cl 2A1 0.581%, 01/26/09 (A) 568 473 MBNA Credit Card Master Note Trust, Ser 2006, Cl A1 4.900%, 07/15/11 1,030 1,029 SLM Student Loan Trust, Ser 2004-2, Cl A5 5.101%, 01/26/09 (A) 1,000 1,103 SLM Student Loan Trust, Ser 2008-5, Cl A4 5.235%, 07/25/23 900 778 4.635%, 10/25/16 800 761 SLM Student Loan Trust, Ser 2008-5, Cl A3 4.835%, 01/25/18 900 816 Soundview Home Equity Loan Trust, Ser 2007-NS1, Cl A1 0.591%, 01/26/09 (A) 1,209 1,062 Structured Asset Investment Loan Trust, Ser 2006-BNC3, Cl A2 0.511%, 01/26/09 (A) 615 576 ------------- 14,888 ------------- Total Asset-Backed Securities (Cost $27,580) ($ Thousands) 26,172 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- CORPORATE OBLIGATIONS -- 3.2% UNITED STATES -- 3.2% AT&T 6.500%, 09/01/37 650 $ 700 AutoNation 3.398%, 04/15/13(A)(B) 44 30 Baxter International 5.375%, 06/01/18 245 256 Bear Stearns MTN 6.950%, 08/10/12 363 377 Caterpillar Financial Services MTN 6.200%, 09/30/13 810 835 Centex 7.500%, 01/15/12 366 296 Computer Sciences 5.500%, 03/15/13(B) 605 542 Countrywide Financial 6.250%, 05/15/16 132 125 CSC Holdings 8.125%, 07/15/09 65 65 Embarq 7.082%, 06/01/16 1,283 988 Fisher Scientific International 6.750%, 08/15/14 107 101 Freeport-McMoRan Copper & Gold 8.250%, 04/01/15 225 191 Historic TW 9.125%, 01/15/13 720 714 ILFC E-Capital Trust I 5.900%, 06/21/09(A)(B) 150 48 International Paper 7.950%, 06/15/18 260 206 JPMorgan Chase 6.000%, 01/15/18 905 955 Kraft Foods 6.125%, 08/23/18 735 725 Liberty Mutual Group 7.800%, 03/15/37(B) 315 141 Limited Brands 5.250%, 11/01/14 935 539 Masco 6.125%, 10/03/16 500 343 McKesson 5.250%, 03/01/13 615 571 Merrill Lynch 6.050%, 05/16/16 200 187 4.125%, 01/15/09 645 645 Mirant Americas Generation 8.500%, 10/01/21 399 303 Mohawk Industries 6.125%, 01/15/16 500 379 Motorola 7.500%, 05/15/25 85 47 6.500%, 09/01/25 531 263 NB Capital Trust IV 8.250%, 04/15/27 614 508 Nextel Communications 6.875%, 10/31/13 512 218
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Nisource Finance 6.800%, 01/15/19 710 $ 446 NRG Energy 7.375%, 02/01/16 225 209 PPG Industries 6.650%, 03/15/18 562 554 Prudential Financial MTN 5.150%, 01/15/13 355 288 Reliant Energy 7.875%, 06/15/17 225 182 7.625%, 06/15/14 175 145 Sara Lee 6.250%, 09/15/11 448 444 SLM MTN 5.050%, 11/14/14 1,000 666 Starwood Hotels & Resorts Worldwide 7.375%, 11/15/15 1,194 716 Union Bank of California MTN 5.950%, 05/11/16 392 315 Union Carbide 7.750%, 10/01/96 910 536 United States Steel 6.050%, 06/01/17 615 402 Wachovia 5.500%, 05/01/13 415 411 5.350%, 03/15/11 150 143 Wachovia Capital Trust III 5.800%, 03/15/09(A) 385 227 Western Financial Bank 9.625%, 05/15/12 432 426 Williams 7.875%, 09/01/21 207 158 Xerox 7.625%, 06/15/13 210 175 ------------- Total Corporate Obligations (Cost $22,043) ($ Thousands) 17,741 ------------- U.S. TREASURY OBLIGATIONS -- 1.7% U.S. Treasury Bond 4.500%, 05/15/38 25 34 U.S. Treasury Inflationary Index Notes 2.000%, 04/15/12 3,666 3,575 1.750%, 01/15/28 1,714 1,584 U.S. Treasury Note 2.000%, 11/30/13 4,300 4,413 ------------- Total U.S. Treasury Obligations (Cost $9,482) ($ Thousands) 9,606 ------------- LOAN PARTICIPATIONS -- 0.9% UNITED STATES -- 0.9% Aramark Term Loan 8.071%, 01/26/14 GBP 295 348 Beverly Enterprises Term Loan 5.219%, 07/24/11 284 227 Boston Generating Term Loan 6.012%, 12/22/13 740 259
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Cablevision Ser B Term Loan, Ser B 2.945%, 03/14/13 488 $ 411 Education Management Term Loan 5.563%, 05/26/13 719 444 Firstlight Power Resources Term Loan, 2nd Lien 7.711%, 05/01/14 (A) 400 288 Ford Motor Company Term Loan 5.000%, 11/29/13 737 295 Lear Term Loan 5.301%, 04/25/12 815 370 London Arena & Waterfront Term Loan 4.686%, 01/31/12 952 666 Peach Holding Term Loan 7.060%, 11/21/13 568 329 Targus Group Term Loan 6.450%, 11/22/12 451 224 TP Generation Holdings Term Loan 8.012%, 12/15/14 500 416 TXU Term Loan 5.367%, 10/31/14 396 273 United Subcontractors Term Loan 8.140%, 12/27/12 684 91 ------------- Total Loan Participations (Cost $8,298) ($ Thousands) 4,641 ------------- AFFILIATED PARTNERSHIP -- 0.0% UNITED STATES -- 0.0% SEI Liquidity Fund, L.P., 1.360%*+(G) 103,082 102 ------------- Total Affiliated Partnership (Cost $103) ($ Thousands) 102 ------------- Total Investments -- 94.7% (Cost $569,619) ($ Thousands) ++ $ 523,906 =============
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund December 31, 2008 A summary of the outstanding forward foreign currency contracts held by the Fund at December 31, 2008, is as follows:
UNREALIZED CURRENCY CURRENCY APPRECIATION TO DELIVER TO RECEIVE (DEPRECIATION) MATURITY DATE (THOUSANDS) (THOUSANDS) ($ THOUSANDS) - --------------- -------------- ------------- -------------- 1/5/09-2/4/09 AUD 5,151 USD 3,331 $ (251) 1/5/09-2/4/09 JPY 13,555,210 USD 146,334 (3,304) 1/5/09-2/4/09 MXP 75,671 USD 5,753 323 1/5/09-2/4/09 NOK 12,696 USD 1,813 1 1/5/09-2/4/09 USD 17,268 JPY 1,566,113 20 1/5/09-2/24/09 CAD 33,203 USD 26,999 104 1/5/09-3/4/09 EUR 268,072 USD 355,393 (16,846) 1/5/09-3/4/09 GBP 40,012 USD 60,098 2,636 1/5/09-3/4/09 SEK 87,817 USD 10,833 (270) 1/5/09-4/14/09 USD 27,159 EUR 19,846 384 1/5/09-4/14/09 USD 7,511 GBP 5,175 (76) 1/5/09-4/15/09 USD 257 NOK 1,781 (3) 1/12/09-4/14/09 NZD 19,497 USD 11,688 344 1/12/09-6/10/09 USD 8,781 NZD 14,443 (382) 1/13/09-2/11/09 AUD 2,132 CHF 2,000 399 1/13/09-2/11/09 CHF 2,000 AUD 2,107 (416) 1/13/09-3/11/09 CHF 14,500 GBP 7,255 (3,214) 1/13/09-3/11/09 GBP 7,338 CHF 14,500 3,094 1/13/09-4/14/09 USD 6,169 AUD 9,045 100 1/13/09-6/10/09 CHF 13,200 EUR 8,475 (676) 1/13/09-6/10/09 EUR 8,591 CHF 13,200 515 1/14/09-2/12/09 JPY 215,000 NOK 11,338 (757) 1/14/09-2/12/09 NOK 11,888 JPY 215,000 678 1/14/09-4/14/09 EUR 5,644 JPY 843,000 1,481 1/14/09-4/14/09 GBP 6,912 JPY 1,265,000 4,052 1/14/09-4/14/09 JPY 1,265,000 GBP 6,730 (4,314) 1/14/09-6/10/09 JPY 883,000 EUR 5,781 (1,735) 1/21/09 DKK 30,080 USD 5,087 (523) 1/21/09 EUR 305 PLN 1,182 (25) 1/21/09 PLN 2,966 EUR 771 71 1/21/09 USD 117 CAD 142 (2) 1/21/09 USD 791 MXP 10,726 (22) 1/21/09 ZAR 26,593 USD 2,547 (314) 1/21/09-1/28/09 USD 2,228 SEK 17,756 17 1/21/09-2/25/09 PLN 3,766 USD 1,341 75 1/22/09 CHF 9,961 USD 8,474 (890) 1/22/09-3/4/09 EUR 2,485 NOK 22,132 (294) 1/22/09-3/4/09 USD 13,008 CHF 15,075 1,167 1/28/09 EUR 941 GBP 825 (122) 2/11/09-3/11/09 GBP 1,689 SGD 4,200 488 2/11/09-3/11/09 SGD 4,200 GBP 1,644 (553) 3/4/09 CAD 4,810 JPY 344,733 (89) 3/4/09-4/15/09 CHF 18,845 NOK 111,358 (1,872) 4/14/09 AUD 2,997 JPY 177,000 (112) 4/14/09 JPY 177,000 AUD 2,668 (115) 4/15/09 NOK 6,456 CHF 1,100 118 6/10/09 SGD 300 EUR 149 (1) -------- $(21,111) ========
A summary of the open futures contracts held by the Fund at December 31, 2008, is as follows:
UNREALIZED NUMBER OF APPRECIATION TYPE OF CONTRACTS EXPIRATION (DEPRECIATION) CONTRACT LONG (SHORT) DATE ($ THOUSANDS) - ----------------------- ------------ ---------- -------------- Australian 10-Year Bond 34 Mar-2009 $ 73 Canadian 10-Year Bond 48 Mar-2009 297 Euro-Bobl 117 Mar-2009 133 Euro-Bund 93 Mar-2009 240 Euro-Schatz (6) Jan-2009 1 Euro-Schatz 258 Mar-2009 154 Long Gilt 10-Year Bond 39 Mar-2009 389 U.S. 10-Year Note (245) Mar-2009 (1,734) U.S. 2-Year Note (200) Mar-2009 (422) U.S. 5-Year Note 81 Mar-2009 192 U.S. 5-Year Note (96) Mar-2009 (40) U.S. Long Treasury Bond (124) Mar-2009 (1,079) ------- $(1,796) =======
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 A summary of outstanding swap agreements held by the Fund at December 31, 2008, is as follows: TOTAL RETURN SWAPS
NET NOTIONAL UNREALIZED TERMINATION AMOUNT APPRECIATION COUNTERPARTY REFERENCE ENTITY/OBLIGATION FUND PAYS FUND RECEIVES DATE (THOUSANDS) ($THOUSANDS) - ------------ -------------------------------- ----------------- --------------------- ----------- ----------- ------------ Lehman Brothers Lehman Brothers Global Aggregate 3-Month USD Positive Price Return 03/01/09 85,639 $63(H) Ex USD RBI Ser 1 LIBOR Plus 11 Bps ===
CREDIT DEFAULT SWAPS
NET UNREALIZED (PAYS)/ APPRECIATION BUY/SELL RECEIVES TERMINATION NOTIONAL AMOUNT (DEPRECIATION) COUNTERPARTY REFERENCE ENTITY/OBLIGATION PROTECTION RATE DATE (THOUSANDS) ($THOUSANDS) - ------------ --------------------------------- ---------- -------- ----------- --------------- -------------- Deutsche Bank Wolters Kluwer NV 5.125% 01/27/14 Buy 0.90% 03/20/14 1,400 $ 21 Merrill Lynch iTraxx Europe Crossover Series 9 Sell 6.50 06/20/13 (5,000) (1,086) 5-Year Merrill Lynch iTraxx Europe Series 9 5-Year Sell 1.65 06/20/13 (5,000) (198) ------- $(1,263) =======
INTEREST RATE SWAPS
NET UNREALIZED APPRECIATION TERMINATION (DEPRECIATION) COUNTERPARTY FUND PAYS FUND RECEIVES DATE NOTIONAL AMOUNT (THOUSANDS) ($THOUSANDS) - ------------ ----------------- --------------- ----------- ------------------------------ -------------- Deutsche Bank 4.31% 6-Month EURIBOR 04/07/10 EUR 6,500,000 $(158) Deutsche Bank 6-Month EURIBOR 4.17% 03/28/13 EUR 7,000,000 529 Deutsche Bank 6-Month GBP LIBOR 5.12% 04/03/10 GBP 4,900,000 196 Deutsche Bank 6-Month GBP LIBOR 5.50% 03/22/12 GBP 6,000,000 620 JPMorgan Chase Bank 3.91% 6-Month EURIBOR 03/13/10 EUR 6,500,000 (279) JPMorgan Chase Bank 4.20% 6-Month EURIBOR 03/30/12 EUR 3,000,000 (215) JPMorgan Chase Bank 6-Month EURIBOR 4.38% 01/07/13 EUR 5,400,000 493 JPMorgan Chase Bank 6-Month GBP LIBOR 4.90% 03/11/10 GBP 4,900,000 180 JPMorgan Chase Bank 6-Month JPY LIBOR 1.29% 03/26/12 JPY 2,600,000,000 464 JPMorgan Chase Bank 6-Month JPY LIBOR 2.22% 03/26/27 JPY 750,000,000 887 JPMorgan Chase Bank 3-Month LIBOR 2.29% 12/19/18 11,500,000 298 ------ $3,015 ======
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund December 31, 2008 Percentages are based on a Net Assets of $553,104($ Thousands). * Rate shown is the 7-day effective yield as of December 31, 2008. + Affiliated security (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, 2008. The date reported on the Schedule of Investments is the next reset date. (B) Securities sold within terms of a private placement memorandum, exempt from registration under Section 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) Security in default on interest payments. (D) Real Estate Investments Trust (E) Step Bonds - The rate reflected on the Schedule of Investments is the effective yield on December 31, 2008. The coupon on a step bond changes on a specified date. (F) This security or a partial position of this security is on loan at December 31, 2008. The total market value of securities on loan atDecember 31, 2008 was $98 ($ Thousands). (G) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2008 was $102 ($ Thousands). (H) The swap has been reduced by $821 ($ Thousands) to reflect the collectibility of the value. ++ At December 31, 2008, the tax basis cost of the Fund's investments was $569,619 ($ Thousands), and the unrealized appreciation and depreciation were $23,688 ($ Thousands) and ($69,401)($ Thousands) respectively. AUD -- Australian Dollar CAD -- Canadian Dollar CHF -- Swiss Franc Cl -- Class CPI -- Consumer Price Index DKK -- Danish Krone EURIBOR -- Euro London Interbank Offered Rate EUR -- Euro FNMA -- Federal National Mortgage Association GBP -- British Pound Sterling GNMA -- Government National Mortgage Association JPY -- Japanese Yen LIBOR -- London Interbank Offered Rate L.P. -- Limited Partnership MTN -- Medium Term Note MXP -- Mexican Peso NOK -- Norwegian Krone NZD -- New Zealand Dollar PIK -- Payment-in-Kind PLN -- Polish Zloty SEK -- Swedish Krone Ser -- Series SGD -- Singapore Dollar TBA -- To Be Announced USD -- U.S. Dollar ZAR -- South African Rand Amounts designated as "--" are $0 or have been rounded to $0. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual and annual financial statements. - -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- GLOBAL BONDS -- 84.7% ANGOLA -- 0.2% Republic of Angola 7.132%, 04/30/16 EUR 1,300 $ 1,336 ------------- ARGENTINA -- 3.3% Alto Parana 6.375%, 06/09/17(A) 440 389 Cia Transporte Energia 8.875%, 12/15/16(A) 470 155 Earls Eight MTN 9.000%, 10/03/09(A)(B) 420 126 Province of Buenos Aires 9.625%, 04/18/28(A) 1,605 337 Province of Buenos Aires Registered 9.625%, 04/18/28 695 118 9.375%, 09/14/18 470 85 3.000%, 11/15/09(B) 1,200 180 Province of Medoza Registered 5.500%, 09/04/18 401 112 Provincia Del Neuquen 8.656%, 10/18/14(A) 222 169 Republic of Argentina 12.000%, 09/19/16(C) 1,000 57 11.750%, 05/20/11(C) 2,554 145 9.750%, 09/19/27(C) 2,150 236 9.529%, 12/15/09(D) 3,655 95 9.250%, 07/20/04(C) 1,375 191 9.000%, 06/20/49(C) 1,125 156 9.000%, 05/29/49(C) 2,650 175 9.000%, 05/24/49(C) 1,400 195 8.500%, 07/01/49(C) 775 108 8.280%, 12/31/33(E) 17,113 5,519 8.125%, 04/21/49(C) 4,200 234 8.000%, 02/25/35(C) 864 96 8.000%, 02/26/08(C) 1,000 111 7.820%, 12/31/33 1,486 522 7.625%, 03/31/05(C) 1,120 123 7.000%, 09/12/13 1,265 419 7.000%, 10/03/15 2,000 581 7.000%, 03/18/04(C) ITL 1,475,000 85 3.127%, 02/03/09(D) 10,655 2,898 2.500%, 03/31/09(B) 30,745 5,842 2.280%, 12/15/09(D) 46,385 1,160 1.985%, 12/15/09(D) 16,940 530 0.000%, 07/13/05(C) 3,245,000 186 Republic of Argentina, Ser E MTN 10.000%, 01/03/07(C) ITL 3,000,000 172 8.750%, 02/04/49(C) 1,375 57 8.500%, 07/30/10(C) 2,000 132 7.625%, 08/11/07(C) ITL 2,325,000 134
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Transportadora Gas Norte 9.000%, 12/31/09(A)(B) 260 $ 78 9.000%, 12/31/09(B) 130 32 7.500%, 12/31/10(B) 72 18 7.500%, 12/31/10(B) 114 29 7.500%, 12/31/10(A)(B) 30 8 ------------- 21,995 ------------- BELIZE -- 0.0% Government of Belize Registered 4.250%, 02/20/29 400 152 ------------- BOSNIA AND HERZEGOVINA -- 0.1% Republic of Bosnia & Herzegovina 10.039%, 12/11/17(F) DEM 2,300 490 ------------- BRAZIL -- 14.0% Banco Safra MTN 10.875%, 04/03/17(A) BRL 2,800 816 Banco Votorantim Nassau MTN 10.625%, 04/10/14(A) BRL 2,750 1,019 Cesp-Comp Ener Sao Paulo MTN 9.750%, 01/15/15(A) BRL 1,375 485 Federal Republic of Brazil 12.500%, 01/05/16 3,500 1,576 12.500%, 01/05/22 1,400 621 12.250%, 03/06/30 175 278 11.000%, 08/17/40(E) 24,132 31,492 10.250%, 01/10/28 1,150 445 10.125%, 05/15/27 4,735 6,534 8.875%, 04/15/24 1,800 2,232 8.750%, 02/04/25 2,985 3,672 8.500%, 09/24/12 2,615 3,835 8.250%, 01/20/34 3,490 4,267 8.000%, 01/15/18(E) 5,350 5,992 7.125%, 01/20/37 7,635 8,666 6.000%, 01/17/17 1,750 1,807 GTL Trade Finance 7.250%, 10/20/17(A)(E) 3,220 2,701 National Development 6.369%, 06/16/18(A) 2,970 2,821 Nota Do Tesouro Nacional 10.000%, 01/01/17 14,356 5,247 10.000%, 01/01/14 18,245 7,026 Petrobras International Finance 5.875%, 03/01/18 1,480 1,331 Usiminas Commercial 7.250%, 01/18/18(A) 100 88 7.250%, 01/18/18 430 389 ------------- 93,340 ------------- CHINA -- 0.0% Citic Resources Finance 6.750%, 05/15/14(A) 300 195 -------------
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- COLOMBIA -- 4.9% Bogota Distrio Capital 9.750%, 07/26/28(A) COP 2,212,000 $ 785 Republic of Colombia 11.750%, 02/25/20 5,480 7,343 10.375%, 01/28/33 450 563 9.850%, 06/28/27 COP 1,573,000 696 8.125%, 05/21/24 4,700 5,029 7.375%, 09/18/37(E) 10,630 10,417 7.375%, 01/27/17 5,810 6,042 5.421%, 03/17/09(D) 1,125 1,046 TGI International 9.500%, 10/03/17(A) 660 601 ------------- 32,522 ------------- DOMINICAN REPUBLIC -- 0.3% Republic of Dominican Republic 9.040%, 01/23/18 618 329 8.625%, 04/20/27 1,125 574 Standard Bank 15.000%, 03/12/12(A) 481 325 Standard Bank, Ser E MTN 15.000%, 07/20/09(D) 658 605 ------------- 1,833 ------------- ECUADOR -- 0.2% Republic of Ecuador Registered 12.000%, 11/15/12(C) 163 42 10.000%, 08/15/30(C) 3,800 1,007 9.375%, 12/15/15(C) 650 175 ------------- 1,224 ------------- EL SALVADOR -- 1.2% Republic of El Salvador 8.250%, 04/10/32 2,555 1,661 7.750%, 01/24/23 995 885 7.650%, 06/15/35 8,956 5,687 ------------- 8,233 ------------- GABON -- 0.2% Republic of Gabon 8.200%, 12/12/17(A) 2,060 1,370 ------------- GEORGIA -- 0.2% Republic of Georgia 7.500%, 04/15/13 2,050 1,240 ------------- GHANA -- 0.3% Republic of Ghana 8.500%, 10/04/17(A) 2,935 1,658 8.500%, 10/04/17 1,090 457 ------------- 2,115 ------------- INDIA -- 0.3% Vedanta Resources 9.500%, 07/18/18(A) 3,885 2,020 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- INDONESIA -- 4.7% Majapahit Holding 7.875%, 06/29/37(A) 555 $ 250 7.750%, 10/17/16 280 154 7.750%, 10/17/16(A) 260 148 7.250%, 06/28/17(A) 770 400 Republic of Indonesia 8.500%, 10/12/35 2,700 2,266 7.750%, 01/17/38 16,890 13,977 7.750%, 01/17/38 400 331 7.500%, 01/15/16(A) 2,160 1,922 7.500%, 01/15/16 1,040 899 7.250%, 04/20/15(A) 285 254 7.250%, 04/20/15 1,095 977 6.875%, 01/17/18(A) 5,705 4,735 6.875%, 03/09/17 670 554 6.750%, 03/10/14 1,050 938 6.750%, 03/10/14(A) 1,200 1,068 6.750%, 03/10/14(A) 700 626 6.625%, 02/17/37 2,000 1,438 6.625%, 02/17/37(A) 800 584 ------------- 31,521 ------------- IRAQ -- 1.5% Republic of Iraq 5.800%, 01/15/28 23,445 9,847 ------------- JAMAICA -- 0.1% Digicel Group 8.875%, 01/15/15(A) 550 358 ------------- KAZAKHSTAN -- 1.9% HSBK Europe 9.250%, 10/16/13(A) 835 610 7.250%, 05/03/17(A) 500 270 Kazkommerts International MTN 7.500%, 11/29/16(A) 450 202 Kazkommerts International BV MTN 7.500%, 11/29/16 1,700 612 Kazkommerts International Registered MTN 7.500%, 11/29/16 900 324 KazMunaiGaz Finance Sub MTN 9.125%, 07/02/18(A) 10,155 6,601 8.375%, 07/02/13(A) 5,250 4,095 ------------- 12,714 ------------- LEBANON -- 0.1% Lebanese Republic Registered MTN 8.250%, 04/12/21 950 784 ------------- MALAYSIA -- 1.4% Petroliam Nasional 7.750%, 08/15/15 1,335 1,456 7.625%, 10/15/26 395 435
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Petronas Capital Registered 7.875%, 05/22/22 1,000 $ 1,111 7.875%, 05/22/22 5,775 6,418 ------------- 9,420 ------------- MEXICO -- 4.5% Grupo Televisa 6.000%, 05/15/18(A) 600 505 Pemex Project Funding Master Trust MTN 6.625%, 06/15/35 450 381 5.750%, 03/01/18(A) 200 176 5.750%, 03/01/18 1,005 887 United Mexican States 8.375%, 01/14/11 810 875 8.300%, 08/15/31 8,285 10,149 7.500%, 01/14/12 1,810 1,946 6.625%, 03/03/15 1,350 1,431 6.375%, 01/16/13 1,150 1,207 6.050%, 01/11/40 840 815 5.950%, 03/19/19 120 120 5.625%, 01/15/17(E) 5,484 5,484 United Mexican States, Ser A MTN 6.750%, 09/27/34 4,348 4,587 5.875%, 01/15/14 1,510 1,544 ------------- 30,107 ------------- NIGERIA -- 0.5% Citigroup Funding 10.000%, 01/03/17(D) 1,500 1,193 6.000%, 05/18/15(A) 800 666 UBS MTN 6.296%, 11/03/09(A)(D) 1,320 1,158 0.000%, 09/04/17(A)(D) 750 667 ------------- 3,684 ------------- NORWAY -- 0.0% Sea Product 7.054%, 02/14/12 800 312 ------------- OMAN -- 0.1% Blue City Investments 13.750%, 11/07/13 750 450 ------------- PAKISTAN -- 0.5% Republic of Pakistan 7.125%, 03/31/16 3,650 1,426 6.875%, 06/01/17 4,115 1,523 6.875%, 06/01/17 850 314 ------------- 3,263 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- PANAMA -- 2.4% Republic of Panama 9.375%, 04/01/29 6,327 $ 6,960 9.375%, 01/16/23 560 560 8.875%, 09/30/27 4,700 5,123 8.125%, 04/28/34 720 691 7.250%, 03/15/15 1,490 1,520 6.700%, 01/26/36 1,160 1,044 ------------- 15,898 ------------- PERU -- 3.0% Interoceanica IV Finance 3.884%, 11/30/25(A)(F) 968 325 3.825%, 11/30/18(A)(F) 450 225 Peru Enhanced Pass-Through Finance 6.361%, 05/31/25(A)(F) 320 72 4.048%, 05/31/18(A)(F) 1,461 774 3.878%, 05/31/18(F) 233 122 Republic of Peru 9.875%, 02/06/15 5 6 8.750%, 11/21/33 2,125 2,380 8.375%, 05/03/16 1,930 2,080 7.350%, 07/21/25 9,050 9,005 6.550%, 03/14/37 5,555 4,958 ------------- 19,947 ------------- PHILIPPINES -- 5.8% National Power 9.625%, 05/15/28 1,400 1,134 Republic of Philippines 10.625%, 03/16/25 3,155 3,660 9.500%, 02/02/30 3,430 3,841 9.375%, 01/18/17 1,975 2,133 8.875%, 03/17/15 350 371 8.250%, 01/15/14 450 468 8.000%, 01/15/16 7,020 7,231 7.750%, 01/14/31(E) 5,983 6,043 7.500%, 09/25/24 14,236 13,666 ------------- 38,547 ------------- RUSSIA -- 13.1% Alfa Diversified Payment Rights Finance MTN 3.896%, 03/16/09(A)(D) 336 218 Alfa Invest MTN 9.250%, 06/24/13(A) 1,200 732 Gaz Capital MTN 6.510%, 03/07/22 215 130 6.212%, 11/22/16 2,000 1,299 Gaz Capital for Gazprom Registered 9.625%, 03/01/13 1,500 1,365 8.625%, 04/28/34 2,820 2,256 GPB Eurobond Finance for Gazprombank 6.500%, 09/23/15 750 398 Kazan Orgsintez 9.250%, 10/30/11 505 151
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Kuznetski Capital for Bank of Moscow 8.961%, 05/25/09(B)(D) 1,200 $ 466 Lukoil International Finance 6.656%, 06/07/22(A) 245 142 RSHB Capital 7.750%, 05/29/18(A) 880 568 7.175%, 05/16/13 400 292 7.125%, 01/14/14(A) 1,855 1,243 6.299%, 05/15/17(A) 610 348 RSHB Capital for Russian Agricultural Bank 7.175%, 05/16/13(A) 100 72 Russian Federation Registered 12.750%, 06/24/28 7,550 8,682 7.500%, 03/31/30 61,949 54,030 Steel Capital (Severstal) 9.750%, 07/29/13(A) 355 188 Teorema Holding 11.000%, 10/27/09 3,400 1,700 TransCapital (Transneft) 6.103%, 06/27/12(A) 700 524 TransCapitalInvest for AK Transneft 8.700%, 08/07/18(A) 2,930 1,887 7.700%, 08/07/13(A) 150 111 UBS (Vimpelcom) 8.250%, 05/23/16 570 308 Vimpel Communications 8.375%, 04/30/13(A) 1,700 1,088 VIP Finance Ireland for Vimpel Communications 9.125%, 04/30/18(A) 1,950 1,053 9.125%, 04/30/18 350 164 VTB Capital 7.815%, 02/04/09(B)(D) 1,735 1,239 6.875%, 05/29/18(A) 4,035 2,643 6.875%, 05/29/18 2,150 1,424 6.609%, 10/31/12(A) 3,500 2,537 ------------- 87,258 ------------- SOUTH AFRICA -- 0.9% Republic of South Africa 8.500%, 06/23/17 860 813 6.500%, 06/02/14 3,145 2,972 5.875%, 05/30/22 2,640 2,211 ------------- 5,996 ------------- SOUTH KOREA -- 0.1% Shinhan Bank 6.819%, 03/20/09(D) 630 349 Woori Bank 6.208%, 05/02/37 610 320 ------------- 669 ------------- SUPRA-NATIONAL -- 0.3% European Investment Bank MTN 10.000%, 01/28/11 TRY 3,770 2,264 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- THAILAND -- 0.1% Bangkok Bank 9.025%, 03/15/29 390 $ 322 True Move 10.750%, 12/16/13(A) 1,250 513 ------------- 835 ------------- TRINIDAD & TOBAGO -- 0.3% Petroleum of Trinidad & Tobago 6.000%, 05/08/22(A) 800 661 6.000%, 05/08/22 1,755 1,449 ------------- 2,110 ------------- TUNISIA -- 0.1% Banque Centrale de Tunisie 7.375%, 04/25/12 465 456 ------------- TURKEY -- 4.9% Republic of Turkey 14.000%, 01/19/11 600 372 10.000%, 02/15/12 360 212 9.500%, 01/15/14 500 546 8.000%, 02/14/34 1,500 1,395 7.375%, 02/05/25 6,500 6,155 7.250%, 03/05/38 5,530 4,645 7.250%, 03/15/15 9,730 9,681 7.000%, 03/11/19 2,000 1,930 6.875%, 03/17/36 5,730 4,756 6.750%, 04/03/18 3,350 3,183 ------------- 32,875 ------------- UKRAINE -- 1.8% Credit Suisse First Boston International (Export/Import - Ukraine) 8.000%, 11/06/15 750 194 6.800%, 10/04/12 600 240 Government of Ukraine Registered 7.650%, 06/11/13 2,995 1,288 6.875%, 03/04/11(A) 4,475 2,327 6.750%, 11/14/17 1,210 378 6.580%, 11/21/16(A) 6,565 2,429 6.580%, 11/21/16 1,800 630 6.450%, 02/05/09(D) 3,300 2,409 6.385%, 06/26/12 2,300 1,132 Naftogaz Ukrainy 8.125%, 09/30/09 700 311 Springvale Holdings 9.181%, 09/07/09(D) 1,000 150 UK Private Bank 8.000%, 02/06/12(A) 1,000 350 ------------- 11,838 ------------- UNITED ARAB EMIRATES -- 1.2% HSBC Bank Middle East MTN 5.331%, 04/30/09(D) AED 16,000 3,594 Jafz Sukuk 5.681%, 05/27/09(D) AED 22,000 3,713
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund December 31, 2008
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- Nakheel Development 3.173%, 12/14/09 1,000 $ 845 ------------- 8,152 ------------- URUGUAY -- 3.4% Republic of Uruguay 9.250%, 05/17/17 2,825 2,881 8.000%, 11/18/22 17,350 16,049 7.625%, 03/21/36 1,190 1,000 Republic of Uruguay PIK 7.875%, 01/15/33 3,050 2,623 7.875%, 01/15/33 200 172 ------------- 22,725 ------------- VENEZUELA -- 6.6% Government of Venezuela 13.625%, 08/15/18 1,200 810 10.750%, 09/19/13 7,200 4,716 9.375%, 01/13/34 5,185 2,385 9.250%, 09/15/27 3,920 2,097 9.250%, 05/07/28 12,710 5,709 9.000%, 05/07/23 6,075 2,552 8.500%, 10/08/14 2,561 1,332 7.650%, 04/21/25 14,265 5,599 6.000%, 12/09/20 4,020 1,497 6.000%, 12/09/20 755 281 5.750%, 02/26/16 6,190 2,631 Government of Venezuela Registered 7.000%, 12/01/18 1,850 791 5.375%, 08/07/10 1,820 1,406 5.059%, 01/22/09(D)(E) 17,516 10,685 Petroleos De Venezuela 5.375%, 04/12/27 3,555 1,040 5.250%, 04/12/17 900 324 ------------- 43,855 ------------- VIETNAM -- 0.2% Republic of Vietnam 6.875%, 01/15/16 1,265 1,058 ------------- YEMEN -- 0.1% Pemberley SPV Finance 2008 Yemen MTN 11.500%, 02/19/14(A)(G) 1,250 938 0.000%, 02/25/20(A)(D)(G) 1,250 -- ------------- 938 ------------- Total Global Bonds (Cost $712,914) ($ Thousands) 565,946 ------------- LOAN PARTICIPATIONS -- 4.2% GERMANY -- 0.1% Rike 10.000%, 08/17/11 1,313 656 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) - ------------------------------------------- -------------- ------------- INDONESIA -- 0.5% Indonesia Standby Loan 94 (Counterparty: Deutsche Bank) 3.563%, 12/31/49 (C)(G) 3,448 $ 3,138 ------------- MEXICO -- 0.2% Altos Hornos Promissory Note # 5 0.000%, 04/29/99 (C)(G) 2,500 125 Altos Hornos Promissory Note # 6 0.000%, 04/29/99 (C)(G) 2,500 125 Altos Hornos Promissory Note (Counterparty: Deustche Bank) 0.000%, 12/31/49 (C)(G) 4,500 225 Altos Hornos Tranche A (Counterparty: Bank of America) 0.000%, 04/11/04 (C)(G) 6,540 785 ------------- 1,260 ------------- NIGERIA -- 0.4% Oando 13.900%, 03/02/10 229,710 1,293 13.900%, 02/23/10 229,710 1,292 ------------- 2,585 ------------- RUSSIA -- 0.4% Snegri 10.500%, 04/21/10 2,550 2,550 ------------- SINGAPORE -- 2.2% Connect International PIK 0.000%, 01/01/09 (C)(G) 8,356 12,040 Neptune 0.000%, 04/30/09 (G) 2,862 2,862 ------------- 14,902 ------------- TURKEY -- 0.4% Cukurova, Ser B 10.973%, 05/01/12 4,600 3,128 ------------- Total Loan Participations (Cost $30,248) ($ Thousands) 28,219 ------------- DEPOSIT WITH COUNTERPARTY AS COLLATERAL FOR SWAP CONTRACTS(H) -- 2.6% UNITED STATES -- 2.6% Deposits with Citibank as Collateral for Swap Contracts Outstanding 648 648
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008
Face Amount(1) (Thousands) /Share Market Value Description /Contracts ($ Thousands) - ------------------------------------------- -------------- ------------- Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 1,000 $ 1,000 Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 750 750 Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 1,400 1,400 Deposits with Credit Suisse First Boston as Collateral for Swap Contracts Outstanding 3,600 3,600 Deposits with Deutsche Bank as Collateral for Swap Contracts Outstanding 877 877 Deposits with Deutsche Bank as Collateral for Swap Contracts Outstanding BRL 7,070 3,032 Deposits with Deutsche Bank as Collateral for Swap Contracts Outstanding BRL 2,305 988 Deposits with JP Morgan Chase as Collateral for Swap Contracts Outstanding 249 249 Deposits with Merrill Lynch as Collateral for Swap Contracts Outstanding 1,818 1,818 Deposits with Merrill Lynch as Collateral for Swap Contracts Outstanding NGN 288,900 2,068 Deposits with Standard Bank as Collateral for Swap Contracts Outstanding 438 438 Deposits with Standard Bank as Collateral for Swap Contracts Outstanding 352 352 ------------- Total Deposit with Counterparty as Collateral for Swap Contracts (Cost $19,134)($ Thousands) 17,220 ------------- COMMON STOCK -- 0.3% GVT Holding *(G) 199,627 2,172 ------------- Total Common Stock (Cost $981) ($ Thousands) 2,172 ------------- PURCHASED OPTIONS -- 0.2% BRAZIL -- 0.0% January 2009 BRL Call, Expires 01/17/09 Strike Price $1.71 * 7,843,000 -- -------------
Contracts/Face Amount (1) (Thousands) Market Value Description /Shares ($ Thousands) - ------------------------------------------- -------------- ------------- UNITED STATES -- 0.2% June 2009 CMS Spread Cap, Expires 06/20/09 Strike Price 119.50 Bps * 25,000,000 $ 113 June 2009 CMS Spread Cap, Expires 06/20/09 Strike Price 102.75 Bps * 25,000,000 134 June 2009 CMS Spread Cap, Expires 06/20/09 Strike Price 122.00 Bps * 25,000,000 172 June 2009 CMS Spread Cap, Expires 06/20/09 Strike Price 124.00 Bps * 25,000,000 106 May 2009 CMS Spread Cap, Expires 05/16/09 Strike Price 112.00 Bps * 25,000,000 123 May 2009 CMS Spread Cap, Expires 05/16/09 Strike Price 104.00 Bps * 25,000,000 135 May 2009 CMS Spread Cap, Expires 05/16/09 Strike Price 122.00 Bps * 25,000,000 108 May 2009 CMS Spread Cap, Expires 05/16/09 Strike Price 104.00 Bps * 25,000,000 133 ------------- 1,024 ------------- Total Purchased Options (Cost $899) ($ Thousands) 1,024 -------------
Number Of Warrants -------------- WARRANTS -- 0.0% RUSSIA -- 0.0% Teorema Holding A, Expires 10/27/11* 226 71 Teorema Holding B, Expires 10/27/11* 452 147 ------------- Total Warrants (Cost $77) ($ Thousands) 218 ------------- AFFILIATED PARTNERSHIP -- 3.5% UNITED STATES -- 3.5% SEI Liquidity Fund, L.P., 1.360%**+(I) 23,909,777 23,518 ------------- Total Affiliated Partnership (Cost $23,910) ($ Thousands) 23,518 ------------- Total Investments -- 95.5% (Cost $788,163) ($ Thousands) ++ $ 638,317 =============
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund December 31, 2008
Market Value Description Contracts ($ Thousands) - ------------------------------------------- -------------- ------------- WRITTEN OPTION -- 0.0% BRAZIL -- 0.0% January 2009 BRL Call, Expires 01/17/09, Strike Price $1.61 * (7,383,000) -- ------------- Total Written Option (Premiums Received $64) ($ Thousands) $ -- -------------
A summary of the outstanding forward foreign currency contracts held by the Fund at December 31, 2008, is as follows:
Currency Unrealized to Currency Appreciation Deliver to Receive (Depreciation) Maturity Date (Thousands) (Thousands) ($ Thousands) - --------------- ----------- ----------- -------------- 1/5/09-2/3/09 USD 6,904 BRL 16,373 $ 109 1/5/09-2/9/09 USD 4,106 MXP 54,592 (188) 1/13/09-1/16/09 EUR 14,181 USD 21,908 2,210 1/14/09-2/9/09 MXP 54,528 USD 4,081 164 1/16/09 USD 8,130 EUR 5,967 158 2/3/09-2/6/09 BRL 15,442 USD 6,426 (121) ------ $2,332 ======
A summary of the open futures contracts held by the Fund at December 31, 2008, is as follows:
Number of Unrealized Type of Contracts Expiration Appreciation Contract Long Date ($ Thousands) - --------- --------- ---------- ------------- U.S. 5-Year Treasury Note 24 Mar-2009 $ 68 U.S. Long Treasury Bond 57 Mar-2009 691 ---- $759 ====
A summary of outstanding swap agreements held by the Fund at December 31, 2008, is as follows:
Total Return Swaps - ------------------------------------------------------------------------------------------------------------------- Net Unrealized Appreciation Reference Fund Termination Notional Amount (Depreciation) Counterparty Entity/Obligation Fund Pays Receives Date (Thousands) ($Thousands) - ------------ ----------------- --------------- -------- ----------- --------------- --------------- Standard Bank Federal Government of Cash Deposit of Price 02/25/09 NGN 55,618 $ 18 Nigeria 12.500% Notional Amount Return 02/24/09 Citigroup Federal Government of Cash Deposit of Price 04/03/09 NGN 82,011 (43) Nigeria 12.500% Notional Amount Return 03/31/09 Merrill Lynch Solar Gardens Ltd Cash Deposit of Price 12/30/09 NGN288,900 (442) Term Loan Credit Notional Amount Return Facility Deutsche Bank Federative Republic Cash Deposit of Price 08/15/10 BRL 4,383 (75) of Brazil 6.000%, Notional Amount Return 05/15/17 Deutsche Bank Federative Republic Cash Deposit of Price 08/15/10 BRL 1,400 221 of Brazil 6.000%, Notional Amount Return 08/15/10 Deutsche Bank Federative Republic Cash Deposit of Price 08/15/10 BRL 1,400 81 of Brazil 6.000%, Notional Amount Return 08/15/10 Merrill Lynch Zaporozh Term Loan Cash Deposit of Price 12/31/10 1,818 (703) 9.784% 12/31/10 Notional Amount Return ----- $(943) =====
Credit Default Swaps - ---------------------------------------------------------------------------------------------------------------------------------- Net Unrealized (Pays)/ Notional Appreciation Buy/Sell Receieves Termination Amount (Depreciation) Counterparty Reference Entity/Obligation Protection Rate Date (Thousands) ($Thousands) - ------------------- -------------------------------------- ---------- --------- ----------- ----------- -------------- Credit Suisse JSC Gazprom 8.625% 04/28/34 Sell 1.37% 08/20/16 (1,000) $ (348) Credit Suisse Naftogaz Ukrainy, 8.125% 09/30/09 Sell 5.20 12/20/11 (750) (380) Credit Suisse Naftogaz Ukrainy, 8.125% 09/30/09 Sell 5.75 12/20/09 (3,600) (1,056) JPMorgan Chase Bank Federative Republic of Brazil 12.250%, 06/6/30 Sell 3.69 10/20/15 (4,500) 213 ------- $(1,571) =======
- -------------------------------------------------------------------------------- SEI Institutional International Trust / Quarterly Report / December 31, 2008 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund December 31, 2008 Percentages are based on a Net Assets of $668,171($ Thousands). * Non-income producing security ** Rate shown is the 7-day effective yield as of December 31, 2008. + Affiliated security (1) In U.S. dollars unless otherwise indicated. (A) Securities sold within terms of a private placement memorandum, exempt from registration under Section 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) Step Bonds - The rate reflected on the Schedule of Investments is the effective yield on December 31, 2008. The coupon on a step bond changes on a specified date. (C) Security in default on interest payments. (D) Variable Rate Security - The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2008. The date reported on the Schedule of Investments is the next reset date. (E) This security or a partial position of this security is on loan at December 31, 2008. The total market value of securities on loan at December 31, 2008 was $22,186 ($ Thousands). (F) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (G) Securities considered illiquid. The total market value of such securities as of December 31, 2008 was $22,410($ Thousands) and represented 3.4% of Net Assets. (H) Cash on loan to swap counterparty as collateral for outstanding swap contracts. (I) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2008 was $23,518 ($ Thousands). ++ At December 31, 2008, the tax basis cost of the Fund's investments was $788,163 ($ Thousands), and the unrealized appreciation and depreciation were $21,005 ($ Thousands) and ($170,851)($ Thousands) respectively. AED -- United Arab Emirates Dirham BRL -- Brazilian Real COP -- Colombian Peso DEM -- German Mark EUR -- Euro IDR -- Indonesian Rupiah ITL -- Italian Lira L.P. -- Limited Partnership MTN -- Medium Term Note MXP -- Mexican Peso NGN -- Nigerian Naira PIK -- Payment-in-Kind Ser -- Series TRY -- New Turkish Lira USD -- U.S. Dollar Amounts designated as "--" are $0 or have been rounded to $0. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual and annual financial statements. Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements ("FAS 157"), is effective for the Fund's financial statements issued after September 30, 2008. In accordance with FAS 157, fair value is defined as the price that the Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. FAS 157 established a three-tier hierarchy to maximize the use of the observable market data and minimize the use of unobservable inputs and to establish classification of the fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing an asset. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below: Level 1 - quoted prices in active markets for identical investments Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risks, etc.) Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) The valuation techniques used by the Fund to measure fair value in accordance with FAS 157 during the three months ended December 31, 2008 maximized the use of observable inputs and minimized the use of unobservable inputs. The following is a summary of the inputs used as of December 31, 2008 in valuing the Fund's investments in accordance with FAS 157 carried at value ($ Thousands):
Investments in Securities* Level 1 Level 2 Level 3 Total - ------------------------------------------------------------------------------------------------------------------------ International Equity Fund $ 1,660,404 $ 85,841 $ - $ 1,746,245 Emerging Markets Equity Fund 615,902 1,231 - 617,133 International Fixed Income Fund 4,515 518,108 1,283 523,906 Emerging Markets Debt Fund 37,160 575,377 25,780 638,317 Liabilities** Level 1 Level 2 Level 3 Total - ------------------------------------------------------------------------------------------------------------------------ International Equity Fund $ (23,420) $ - $ - $ (23,420) Emerging Markets Equity Fund - - - - International Fixed Income Fund - - - - Emerging Markets Debt Fund 5,022 (1,866) - 3,156 Other Financial Instruments*** Level 1 Level 2 Level 3 Total - ------------------------------------------------------------------------------------------------------------------------ International Equity Fund $ (5,258) $ 20,839 $ - $ 15,581 Emerging Markets Equity Fund (28) - - (28) International Fixed Income Fund (22,907) 1,815 - (21,092) Emerging Markets Debt Fund 3,091 (2,514) - 577
* Includes collateral for securities on loan. ** Includes liabilities for reverse repurchase agreements. *** Other financial instruments are derivative instruments not reflective in the Schedules of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument. The following is a reconcilliation of investments in which significant unobservable inputs (Level 3) were used in determining value:
International International Emerging Markets Fixed Income Emerging Markets Investment in Securities Equity Fund Equity Fund Fund Debt Fund - ----------------------------------------------- ---------------- ----------------- -------------- ---------------- Beginning balance as of October 1, 2008 $ 751 $ - $ 1,420 $ 41,489 Accrued discounts/premiums 33 - - (82) Realized gain/(loss) (17,949) - - (1,363) Change in unrealized appreciation/(depreciation) 3,137 - (24) (11,421) Net purchase/sales 14,028 - (113) (2,843) Net transfer in and/or out Level 3 - - - - ---------------- ----------------- -------------- ---------------- Ending balance as of December 31, 2008 $ - $ - $ 1,283 $ 25,780 ================ ================= ============== ================
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 Registrant's 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 27, 2009 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 27, 2009 By (Signature and Title) /s/ Stephen F. Panner ---------------------------------- Stephen F. Panner, Controller & CFO Date: February 27, 2009 EX-99.CERT 2 sitnq12-08cert302_rn.txt SEI INST'L INTERNATIONAL TRUST NQ 12_08 CERT302_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 27, 2009 /s/ Robert A. Nesher - ---------------------------- Robert A. Nesher Chief Executive Officer EX-99.CERT 3 sitnq12-08cert302_sp.txt SEI INST'L INTERNATIONAL TRUST NQ 12_08 CERT302_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 27, 2009 /s/ Stephen F. Panner - ---------------------------- Stephen F. Panner Controller & CFO -----END PRIVACY-ENHANCED MESSAGE-----