-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, mQBUiNnqWC6wRepc34x19T0Kz5MOOd8u4vLsTqDrYDkijKZVh0yoRvPrvFCWGNGC OzmVH+Wg1OxWT3m7/HkGRg== 0000950109-95-002695.txt : 199507180000950109-95-002695.hdr.sgml : 19950718 ACCESSION NUMBER: 0000950109-95-002695 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19950717 EFFECTIVENESS DATE: 19950717 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEI INTERNATIONAL TRUST CENTRAL INDEX KEY: 0000835597 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-22821 FILM NUMBER: 95554278 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-05601 FILM NUMBER: 95554279 BUSINESS ADDRESS: STREET 1: 2 OLIVER ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8003425734 MAIL ADDRESS: STREET 1: SEI INTERNATIONAL TRUST STREET 2: 680 E SWEDESFORD RD CITY: WAYNE STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: SEI WEALTH MANAGEMENT TRUST DATE OF NAME CHANGE: 19900129 485BPOS 1 POST EFFECTIVE AMENDMENT #20 As filed with the Securities and Exchange Commission on July 17, 1995 File No. 33-22821 File No. 811-5601 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-1A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [_] POST-EFFECTIVE AMENDMENT NO. 20 [x] and REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [_] AMENDMENT NO. 21 [x] SEI INTERNATIONAL TRUST (Exact name of registrant as specified in charter) c/o CT Corporation 2 Oliver Street Boston, Massachusetts 02109 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, including Area Code (800) 342-5734 David G. Lee c/o SEI Corporation 680 E. Swedesford Road Wayne, Pennsylvania 19087 (Name and Address of Agent for Service) Copies to: Richard W. Grant, Esquire Morgan, Lewis & Bockius 2000 One Logan Square Philadelphia, PA 19103 It is proposed that this filing become effective (check appropriate box) [x] immediately upon filing pursuant to paragraph (b) [_] on [date] pursuant to paragraph (b) [_] 60 days after filing pursuant to paragraph (a) [_] on [date] pursuant to paragraph (a) of Rule 485. Registrant has elected to register an indefinite number of securities pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended. Registrant has filed a Rule 24f-2 Notice on April 25, 1995 for its fiscal year ended February 28, 1995. ================================================================================ SEI INTERNATIONAL TRUST CROSS REFERENCE SHEET
N-1A Item No. Location - ------------- -------- PART A-Core International Equity, European Equity, Pacific Basin Equity, - ------ Emerging Markets Equity and International Fixed Income Portfolios- Class A Item 1. Cover page .............................................. Cover Page Item 2. Synopsis ................................................ Annual Operating Expenses Item 3. Condensed Financial Information ......................... Financial Highlights; Performance Item 4. General Description of Registrant ....................... The Trust; Investment Objective and Policies; Investment Limitation Item 5. Management of the Fund .................................. Trustees of the Trust; The Manager and Shareholder Servicing Agent; The Adviser; The Sub-Advisers Item 5A. Management's Discussion of Fund Performance ............. ** Item 6. Capital Stock and Other Securities ...................... Voting Rights, Shareholder Inquiries; Dividends; Taxes Item 7. Purchase of Securities Being Offered .................... Purchase and Redemption of Shares Item 8. Redemption or Repurchase ................................ Purchase and Redemption of Item 9. Pending Legal Proceedings ............................... * PART A-Core International Equity, European Equity, Pacific Basin Equity, - ------ Emerging Markets Equity and International Fixed Income Portfolios- Class D Item 1. Cover page .............................................. Cover Page Item 2. Synopsis ................................................ Shareholder Transaction Expenses; Annual Operating Expenses Item 3. Condensed Financial Information ......................... Financial Highlights Item 4. General Description of Registrant ....................... The Trust; Investment Objective; Investment Policies; Investment Limitations Item 5. Management of the Fund .................................. Trustees of the Trust; The Manager and Shareholder Servicing Agent; The Adviser; The Sub-Advisers Item 5A. Management's Discussion of Fund Performance ............. ** Item 6. Capital Stock and Other Securities ...................... Voting Rights, Shareholder Inquiries; Dividends; Taxes Item 7. Purchase of Securities Being Offered .................... Purchase of Shares Item 8. Redemption or Repurchase ................................ Redemption of Shares Item 9. Pending Legal Proceedings ............................... *
i
PART B- All Portfolios - ------ Item 10. Cover Page .............................................. Cover Page Item 11. Table of Contents ....................................... Table of Contents Item 12. General Information and History ......................... The Trust Item 13. Investment Objectives and Policies ...................... Description of Permitted Investments; Investment Limitations Item 14. Management of the Registrant ............................ Trustees and Officers of the Trust; The Manager and Shareholder Servicing Agent; The Adviser and Sub-Adviser Item 15. Control Persons and Principal Holders of Securities ............................................. 5% Shareholders; Trustees and Officers of the Trust Item 16. Investment Advisory and Other Services .................. The Adviser; The Manager and Shareholder Servicing Agent; Distribution; Experts Item 17. Brokerage Allocation .................................... Portfolio Transactions Item 18. Capital Stock and Other Securities ...................... Description of Shares Item 19. Purchase, Redemption, and Pricing of Securities Being Offered ............................... Purchase and Redemption of Shares (Prospectus) Item 20. Tax Status .............................................. Taxes (Prospectus); Tax Item 21. Underwriters ............................................ Distribution Item 22. Calculation of Performance Data ......................... Performance Item 23. Financial Statements .................................... Financial Statements (except with respect to the Emerging Markets Equity Portfolio)
PART C Information required to be included in Part C is set forth under the - ------ appropriate Item, so numbered, in Part C of this Registration Statement. __________________ * Not Applicable ** Information required by Item 5A is contained in the Annual Report for the fiscal year ending February 28, 1995. ii The Prospectus for the Core International Equity, European Equity, Pacific Basin Equity, Emerging Markets Equity and International Fixed Income Portfolios, Class A shares, is incorporated by reference to Post-Effective Amendment No. 19 to the Registrant's Registration Statement on Form N-1A (File No. 33-22821) filed with the SEC on April 28, 1995, except the financial highlights for the Emerging Markets Equity Portfolio, for the period January 17, 1995 through May 17, 1995, which are included herein. iii SEI INTERNATIONAL TRUST Supplement dated July 17, 1995 to Prospectus dated November 2, 1994, as supplemented July 6, 1995 The Prospectus dated November 2, 1994, as supplemented July 6, 1995, relating to the Core International Equity, European Equity, Pacific Basin Equity, Emerging Markets Equity and International Fixed Income Portfolios of SEI International Trust is hereby further amended and supplemented by the addition of the following unaudited financial information for the period January 17, 1995 through May 17, 1995 for the Emerging Markets Equity Portfolio:
Financial Highlights SEI International Trust Unaudited For a Class A Share Outstanding Throughout the Period EMERGING MARKETS EQUITY PORTFOLIO ------------------------------------ For the period ended May 17, ------------------------------------ 1995(1) - -------------------------------------------------------------------------------- Net Asset Value, Beginning of Period..................... $10.00 - -------------------------------------------------------------------------------- Income from Investment Operations: Net Investment Income................... 0.02 Net Realized and Unrealized Gains on Securities........................... 1.09 - -------------------------------------------------------------------------------- Total from Investment Operations........ $1.11 - -------------------------------------------------------------------------------- Less Distributions: Dividends from Net Investment Income.... --- Dividends from Realized Capital Gains... --- - -------------------------------------------------------------------------------- Total Distributions..................... $--- - -------------------------------------------------------------------------------- Net Asset Value, End of Period............ $11.11 ================================================================================ Total Return.............................. 11.10% ================================================================================ Ratios/Supplemental Data: Net Assets, End of Period (000)........... $11,519 Ratio of Expenses to Average Net Assets... 1.95%* Ratio of Expenses to Average Net Assets (Excluding Waivers)...................... 3.30%* Ratio of Net Investment Income to Average Net Assets....................... 1.17%* Ratio of Net Investment Income to Average Net Assets (Excluding Waivers)... (0.18)%* Portfolio Turnover Rate................... 60% ================================================================================
* Annualized (1) Emerging Markets Equity shares were offered beginning January 17, 1995. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE iv The Prospectus for the Core International Equity, European Equity, Pacific Basin Equity, Emerging Markets Equity and International Fixed Income Portfolios, Class D shares, is incorporated by reference to Post-Effective Amendment No. 19 to the Registrant's Registration Statement on Form N-1A (File No. 33-22821) filed with the SEC on April 28, 1995. The Statement of Additional Information is incorporated by reference to Post-Effective Amendment No. 19 to the Registrant's Registration Statement on Form N-1A (File No. 33-22821) filed with the SEC on April 28, 1995, except for the unaudited financial statements for the Emerging Markets Equity Portfolio for the period January 17, 1995 through May 17, 1995, which are included herein. v SEI INTERNATIONAL TRUST Emerging Markets Equity Portfolio Supplement dated July 17, 1995 to the Statement of Additional Information, dated June 28, 1995 for the Core International Equity, European Equity, Pacific Basin Equity, Emerging Markets Equity and International Fixed Income Portfolios of SEI International Trust. The Statement of Additional Information for SEI International Trust is hereby amended and supplemented by the following unaudited financial statements for the Emerging Markets Equity Portfolio for the period January 17, 1995 through May 17, 1995. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE vi Schedule of Investments SEI International Trust May 17, 1995
Unaudited Market Value EMERGING MARKETS EQUITY PORTFOLIO Shares (000) - ------------------------------------------------------------------------------ Foreign Common Stock (86.0%) - ------------------------------------------------------------------------------ Argentina (4.9%) Central Costanera ............................ 34,200 $ 105 IRSA GDR* .................................... 1,700 41 IRSA* ........................................ 29,700 72 Perez Companc ................................ 73,916 341 Total Argentina ........................................... 559 Brazil (2.5%) Aracruz Celulose ADR ......................... 10,100 114 Telebras ADR ................................. 4,700 169 Total Brazil .............................................. 283 Chile (2.0%) AFP Provida ADR* ............................. 2,100 51 Chilgener ADR ................................ 3,600 103 Madeco ADR ................................... 1,300 36 Vina Concha Y Toro ADR ....................... 2,000 41 Total Chile ............................................... 231 China (0.3%) Huaneng Power ADR* ........................... 2,000 36 Total China ............................................... 36 Columbia (1.5%) Banco de Columbia GDS ........................ 25,800 175 Total Columbia ............................................ 175 Greece (2.1%) Aegek ........................................ 2,800 61 Aluminum of Greece* .......................... 1,600 67 Ergo Bank .................................... 670 31 Hellenic Bottling ............................ 2,725 78 Total Greece .............................................. 237 Hong Kong (2.9%) CDL Hotels International ..................... 116,000 55 Guang Dong Investment ........................ 76,000 38 Guangzhou Investment ......................... 130,000 23 HSBC Holdings ................................ 2,500 31 Johnson Electric Holdings .................... 13,000 29 MC Packaging ................................. 70,000 28 Shangri-La Asia .............................. 26,000 30 Sinocan Holdings ............................. 110,000 27 Siu-Fung Ceramics ............................ 160,000 25 Tian An China ................................ 142,000 22 Yue Yuen Industrial Holdings ................. 104,000 25 Total Hong Kong ........................................... 333
Schedule of Investments SEI International Trust May 17, 1995
Unaudited Market Value EMERGING MARKETS EQUITY PORTFOLIO Shares (000) - ------------------------------------------------------------------------------ India (2.7%) India Fund .............................. 4,400 $ 52 India Growth Fund ....................... 6,300 121 India Investment Fund ................... 9,500 105 Indian Hotels GDR* ...................... 1,800 31 Total India ............................................... 309 Indonesia (4.8%) Asia Pacific Resource ADR* .............. 4,400 36 Astra "F" ............................... 48,500 85 Bank Bali "F" ........................... 14,500 29 Bank International Indonesia ............ 11,000 31 Dankos Labs "F" ......................... 9,000 42 Indo-Rama "F" ........................... 15,000 46 Indonesian Satellite ADR* ............... 1,900 73 Indorayon "F" ........................... 27,000 62 Semen Gresik "F" ........................ 17,000 84 Tjiwi Kimia ............................. 10,000 18 United Tractors "F" ..................... 23,000 43 Total Indonesia ........................................... 549 Israel (0.9%) ECI Telecommunications ADR .............. 5,800 99 Total Israel .............................................. 99 Korea (1.6%) Kepco ADR* .............................. 2,050 47 Korea Equity Fund ....................... 3,400 29 Korea Fund .............................. 2,400 53 Korea Investment Fund ................... 4,600 56 Total Korea ............................................... 185 Malaysia (26.7%) Arab Malaysian .......................... 53,000 180 Arab Malaysian Finance .................. 23,000 79 Arab Malaysian Merchant Bank ............ 39,000 466 DCB Holdings ............................ 67,000 191 Genting Berhad .......................... 15,000 158 Hong Leong Credit ....................... 45,000 204 IJM Corp Berhad ......................... 77,000 290 Industrial Oxygen ....................... 116,000 150 Kian Joo Can Factory .................... 33,000 119 Leader Universal Holdings ............... 79,000 294 Resorts World Berhad .................... 44,000 263 Tanjong ................................. 31,000 101 Telekom Malaysia ........................ 10,000 72 United Engineers ........................ 161,000 518 Total Malaysia ............................................ 3,085
Schedule of Investments SEI International Trust May 17, 1995
Unaudited Market Value EMERGING MARKETS EQUITY PORTFOLIO Shares (000) - ------------------------------------------------------------------------------ Mexico (4.9%) Penoles* ................................ 95,000 $ 264 Telefonos de Mexico ADR ................. 9,700 301 Total Mexico .............................................. 565 Peru (2.8%) Banco de Credito Del Peru* .............. 63,200 137 Southern Peru Copper* ................... 22,600 100 Telefonos Peru "A"* ..................... 52,500 80 Total Peru ................................................ 317 Philippines (5.3%) Aboitiz Equity Ventures* ................ 315,600 63 Ayala "B" ............................... 24,800 38 Bacnotan Cement* ........................ 86,800 110 Benpres Holdings GDS* ................... 5,900 46 Keppel Phil "B" ......................... 87,000 46 La Tondena Distillers ................... 46,000 60 Manila Mining "B" ....................... 13,900,000 54 Petron .................................. 42,000 33 Philippine Long Distance ................ 620 44 Philippine Long Distance ADR ............ 1,650 115 Total Philippines ......................................... 609 Portugal (1.6%) Capital Portugal* ....................... 540 48 Cimpor Rights* .......................... 2,000 6 Empresa Fabril* ......................... 3,900 47 Sonae Investimentos ..................... 1,900 46 Soporcel* ............................... 1,550 43 Total Portugal ............................................ 190 Singapore (1.0%) United Overseas Bank .................... 10,800 110 Total Singapore ........................................... 110 South Africa (8.2%) Anglo American .......................... 3,580 197 Barlow .................................. 7,100 74 Iscor ................................... 121,800 153 Liberty Life ............................ 5,500 152 South African Breweries ................. 5,500 160 Standard Bank ........................... 5,570 211 Total South Africa ........................................ 947 South Korea (0.4%) Pohang Iron & Steel ADR ................. 1,600 48 Total South Korea ......................................... 48
Schedule of Investments SEI International Trust May 17, 1995
Unaudited Market Value EMERGING MARKETS EQUITY PORTFOLIO Shares (000) - ------------------------------------------------------------------------------ Taiwan (1.0%) Taiwan Equity Fund ...................... 5,200 $ 60 Taiwan(ROC)Fund* ........................ 5,100 58 Total Taiwan .............................................. 118 Thailand (3.9%) Ban Pu Coal ............................. 2,400 51 Bangkok Bank "F" ........................ 5,100 56 Electricity Generating* ................. 25,700 74 Land and House "F" ...................... 2,100 40 Regional Container "F" .................. 2,000 32 Siam Cement "F" ......................... 1,100 68 Thai Farmers Bank "F" ................... 8,100 74 United Communications ................... 1,900 28 Wongpaitoon Footwear "F"* ............... 17,000 27 Total Thailand ............................................ 450 Turkey (2.7%) Cimentas* ............................... 32,000 25 Ege Biracilik ........................... 63,000 70 KOC Holdings ............................ 40,000 35 Tat Konserve ............................ 48,600 94 Tofas-Turk Otomobil ..................... 100,600 83 Total Turkey .............................................. 307 Venezuela (1.3%) Quimica Y Minera ADR .................... 1,000 40 Sivensa ADR ............................. 71,100 112 Total Venezuela ........................................... 152 - ------------------------------------------------------------------------------ Total Foreign Common Stock (Cost $9,185[000]) ..................................... 9,894 - ------------------------------------------------------------------------------ Foreign Preferred Stocks (9.2%) - ------------------------------------------------------------------------------ Brazil (9.2%) Cie Vale Do Rio Doce .................... 844,000 155 Cimento Itau* ........................... 170,000 60 Copene Petroquimica Nord "A" ............ 44,000 36 Coteminas ............................... 140,000 48 Eletrobras "B" .......................... 915,000 279 Gradiente Electronics "A" ............... 207,000 28 Lojas Renner ............................ 2,100,000 38 Petrobras ............................... 1,150,000 114 Petrobras Distribuidora ................. 1,530,000 57 Randon Participacoes .................... 23,000,000 34 Sadia Concordia* ........................ 40,000 43
Schedule of Investments SEI International Trust May 17, 1995
Unaudited Market Value EMERGING MARKETS EQUITY PORTFOLIO Shares (000) - ------------------------------------------------------------------------------ Usiminas Gerais ......................... 137,000,000 $ 173 Total Brazil .............................................. 1,065 - ------------------------------------------------------------------------------ Total Foreign Preferred Stocks (Cost $935[000]) ....................................... 1,065 - ------------------------------------------------------------------------------ Face Market Amount Value (000) (000) - ------------------------------------------------------------------------------ Convertible Bonds (0.9%) - ------------------------------------------------------------------------------ South Africa (0.6%) Barlow 7.000%, 09/20/04 .................... $ 65 78 Total South Africa ........................................ 78 Thailand (0.3%) Bangkok Bank 3.250%, 03/03/04 .................... 30 30 Total Thailand ............................................ 30 - ------------------------------------------------------------------------------ Total Convertible Bonds (Cost $105[000]) ....................................... 108 - ------------------------------------------------------------------------------ Repurchase Agreement (14.0%) - ------------------------------------------------------------------------------ State Street Bank 5.00%, dated 5/17/95, matures 5/18/95, repurchase price $1,618,000 (collateralized by U.S. Treasury Note, par value $1,570,000, 9.25%, matures 1/15/96: market value $1,648,000) ..... 1,618 1,618 - ------------------------------------------------------------------------------ Total Repurchase Agreement (Cost $1,618[000]) ..................................... 1,618 - ------------------------------------------------------------------------------ Total Investments (110.1% of Net Assets) (Cost $11,843[000]) .................................... $ 12,685 - ------------------------------------------------------------------------------
* Non-income producing security ADR - American Depository Receipt GDR - Global Depository Receipt GDS - Global Depository Share Schedule of Investements SEI International Trust May 17, 1995
Unaudited Face Market Amount Value EMERGING MARKETS EQUITY PORTFOLIO (000) (000) - --------------------------------------------------------------------------------
The accompanying notes are an integral part of the financial statements. Emerging Markets Equity Portfolio SEI International Trust Statement of Assets and Liabilities (000) Unaudited May 17, 1995 Assets: Investments securities (Cost $11,843) $ 12,685 Investment securities sold 543 Capital shares sold 211 Other assets 22 ------------- Total Assets 13,461 ------------- Liabilities: Investment securities purchased 1,911 Other liabilities 31 ------------- Total Liabilities 1,942 ------------- Net Assets $ 11,519 ============= Net Assets: Portfolio shares of Class A (unlimited authorization - no par value) based on 1,036,755 outstanding shares of beneficial interest 10,593 Accumulated net realized gain on investments 90 Accumulated net realized loss on foreign currency transactions (28) Net unrealized depreciation on forward foreign currency contracts, foreign currencies and translation of other assets and liabilities denominated in foreign currencies (2) Net unrealized appreciation on investments 842 Undistributed net investment income 24 ------------- Net Assets $ 11,519 ============= Net asset value, offering and redemption price per share - Class A $ 11.11 =============
The accompanying notes are an integral part of the financial statements. Emerging Markets Equity Portfolio SEI International Trust Statement of Operations (000) Unaudited
January 17, 1995* Through May 17, 1995 ---------------- Investment Income: Dividends $ 27 Interest 41 Less: Foreign taxes withheld (4) ---------------- Total Investment Income 64 ---------------- Expenses: Management Fees 13 Less management fees waived (13) Reimbursement by manager (15) Investment advisory fees 22 Custodian / wire agent fee 18 Professional fees 1 Registration & filing fees 4 Pricing fees 5 Distribution fees 3 Miscellaneous fees 2 ---------------- Total Expenses 40 ---------------- Net Investment Income 24 ---------------- Realized and Unrealized Gain (Loss) on Investments and Foreign Currency Transactions: Net realized gain from security transactions 90 Net realized loss on forward foreign currency contracts and foreign currency transactions (28) Net change in unrealized depreciation on forward foreign currency contracts, foreign currencies and translation of other assets and liabilities denominated in foreign currencies (2) Net change in unrealized appreciation on investments 842 ---------------- Net Increase in Net Assets from Operations $ 926 ================
* Commencement of operations The accompanying notes are an integral part of the financial statements. Emerging Markets Equity Portfolio SEI International Trust Statement of Changes in Net Assets (000) Unaudited
January 17, 1995* Through May 17, 1995 ----------------- Operations: Net investment income $ 24 Net realized gain from security transactions 90 Net realized loss on forward foreign currency contracts and foreign currency transactions (28) Net change in unrealized depreciation on forward foreign currency contracts, foreign currencies and translation of other assets and liabilities denominated in foreign currencies (2) Net change in unrealized appreciation on investments 842 --------- Net increase in net assets from operations 926 --------- Capital Shares Transactions: Class A: Proceeds from shares issued 10,777 Shares issued in lieu of cash distributions - Cost of shares repurchased (184) --------- Increase in Net Assets Derived from Capital Share Transactions 10,593 --------- Total increase in net assets 11,519 Net Assets: Beginning of period - --------- End of period $ 11,519 ========= Capital Share Transactions: Class A: Shares issued 1,054 Shares issued in lieu of cash distributions - Shares repurchased (17) --------- Net increase in capital shares 1,037 =========
* Commencement of operations The accompanying notes are an integral part of the financial statements. Emerging Markets Equity Portfolio SEI International Trust Financial Highlights Unaudited For the period January 17, 1995 through May 17, 1995
For a Share Outstanding Throughout each Period Net Asset Distributions Distributions Value Net Net Realized from Net from Net Asset Beginning Investment and Unrealized Investment Realized Capital Value End Total of Period Income Gain Income Gains of Period Return - ----------------------------------------------------------------------------------------------------------------------------- Emerging Markets Equity Portfolio - --------------------------------- Class A 1995* $10.00 $0.02 $1.09 - - $11.11 11.10% Ratio of Ratio of Net Investment Ratio of Expenses Income(Loss) Ratio of Net Investment to Average to Average Net Assets Expenses Income Net Assets Net Assets Portfolio End of to Average to Average (Excluding (Excluding Turnover Period(000) Net Assets Net Assets Waivers) Waivers) Rate - ---------------------------------------------------------------------------------------------------------------- Emerging Markets Equity Portfolio - --------------------------------- Class A 1995* $ 11,519 1.95% 1.17% 3.30% (0.18)% 60%
* Shares were offered beginning January 17, 1995. All ratios for that period have been annualized. The accompanying notes are an integral part of the financial statements. Emerging Markets Equity Portfolio SEI International Trust Notes to Financial Statements Unaudited May 17, 1995 1. Organization: SEI International Trust, (the "Trust") was organized as a Massachusetts business trust under a Declaration of Trust dated June 30, 1988. The operations of the Trust commenced on December 20, 1989. 2. Significant Accounting Policies: The Trust is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company with five portfolios: the Core International Equity Portfolio (formerly the International Equity Portfolio), the European Equity Portfolio, the Pacific Basin Equity Portfolio, the Emerging Markets Equity Portfolio and the International Fixed Income Portfolio (together the "Portfolios"). These financial statements relate to the Emerging Markets Equity Portfolio (the "Portfolio") which commenced operations on January 17, 1995. The following is a summary of significant accounting policies followed by the Portfolio. Security Valuation - Investment securities which are listed on a securities exchange for which market quotations are readily available are valued by an independent pricing service at the last quoted sales price for such securities, or if there is no such reported sale on the valuation date, at the most recent quoted bid price. Unlisted securities for which market quotations are readily available are valued at the most recent quoted bid price. Short-term investments may be valued at amortized cost which approximates market value. Net Asset Value Per Share - The net asset value per share of the Portfolio is calculated on each business day. It is computed by dividing the assets of the portfolio, less its liabilities, by the number of outstanding shares of the portfolio. Repurchase Agreements - Securities pledged as collateral for repurchase agreements are held by the custodian bank until maturity of the repurchase agreements. Provisions of the repurchase agreements and procedures adopted by the Trust require that the market value of the collateral, including accrued interest thereon, is sufficient in the event of default by the counterparty. The Portfolio may also invest in tri-party repurchase agreements. Securities held as collateral for tri-party repurchase agreements are maintained in a segregate account by the broker's custodian bank until maturity of the repurchase agreement. Provisions of the agreements require that the market value of the collateral, including accrued interest thereon, is sufficient in the event of default by the counterparty of the Portfolio. If the counterparty defaults and the value of the collateral declines or if the counterparty enters an insolvency proceeding, realization of the collateral by the Portfolio may be delayed or limited. Foreign Currency Translation - The books and records of the Portfolio are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars on the following basis: (I) market value of investment securities, other assets and liabilities at the current rate of exchange; and (II) purchases and sales of investment securities, income and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions. The Portfolio does not isolate that portion of gains and losses on investment securities which is due to changes in the foreign exchange rates from that which is due to changes in market prices of equity securities. The Portfolio reports gains and losses on foreign currency related transactions as realized and unrealized gains and losses for financial reporting purposes, whereas such gains and losses are treated as ordinary income or loss for Federal income tax purposes. Emerging Markets Equity Portfolio SEI International Trust Notes to Financial Statements (Continued) Unaudited May 17, 1995 Other - Security transactions are accounted for on the trade date of the security purchase or sale. Costs used in determining net realized capital gains and losses on the sale of investments securities are those of the specific securities sold. Purchase discounts and premiums on securities held by the Portfolio are accreted and amortized to maturity using the scientific interest method, which approximates the effective interest method. Distributions from net investment income and any net realized capital gains are generally made to Shareholders annually. Dividend income is recognized on the ex-dividend date and interest income is recognized using the accrual method. Federal Income Taxes - It is the intention of the Portfolio to qualify as a regulated investment company for Federal income tax purposes and to distribute all of its taxable income and net capital gains. Accordingly, no provision for Federal income taxes is required in the accompanying statements. 3. Management, Investment Advisory and Distribution Agreements: SEI Financial Management Corporation (the "Manager"), a wholly owned subsidiary of SEI Corporation, and the Trust are parties to a management agreement dated August 30, 1988, under which the Manager provides management, administrative and shareholder services to the Fund for an annual fee equal to .65% of the daily net assets of the Portfolio. The manager has agreed to waive all or a portion of its fees in order to limit the operating expenses of the Portfolio to 1.95% of its average daily net assets. SEI Financial Management Corporation (SFM), the advisor for the Portfolio, is a party to an investment advisory agreement dated December 16, 1994. Under the Investment Advisory Agreement, SFM receives an annual fee of 1.05% of the daily net assets of the Portfolio. Pursuant to a Sub-Advisory Agreement with SFM, Montgomery Asset Management, L.P. serves as Sub-Advisor to the Portfolio. SEI Financial Service Company (the "Distributor"), a wholly owned subsidiary of the SEI Corporation and a registered broker-dealer, acts as the distributor of the shares of the Trust under a distribution plan which provides for the Trust to reimburse the Distributor for distributions. Such expenses may not exceed .30% of the daily average net assets of the Portfolio. Distribution expenses include, among other items, the compensation and benefits of sales personnel incurred by the Distributor in connection with the promotion and sale of shares. Distribution expenses are allocated among the Portfolios on the basis of their relative average daily net assets. Certain Officers and/or Trustees of the Trust are also Officers and/or Directors of the Manager. Compensation of Officers and affiliated Trustees is paid by the manager. 4. Organization Costs: Organizational costs have been capitalized by the Portfolio and are being amortized using the straight line method over sixty months commencing with operations. In the event any of the initial shares of the Portfolio acquired by the Manager are redeemed during the period that the Portfolio is amortizing its organizational costs, the redemption proceeds payable to the Manager by the Portfolio will be reduced by an amount equal to a pro rata portion of the unamortized organizational costs. Emerging Markets Equity Portfolio SEI International Trust Notes to Financial Statements (Concluded) Unaudited May 17, 1995 5. Investment Transactions: The cost of security purchases and the proceeds from the sale of securities, other than short-term investments and U.S. government securities, during the period ended May 17, 1995, were as follows:
Purchases Sales (000) (000) ----- ----- Emerging Markets Equity Portfolio $ 13,612 $ 3,478
For Federal income tax purposes, the cost of securities owned at May 17, 1995 and the net realized gains or losses on securities sold for the period then ended was not materially different from the amounts reported for financial reporting purposes. The aggregate gross unrealized appreciation and depreciation at May 17, 1995 for the Portfolio is as follows:
Net Appreciated Depreciated Unrealized Securities Securities Appreciation (000) (000) (000) ---------- ----------- ------------ Emerging Markets Equity Portfolio $ 917 $( 75) $ 842
PART C: OTHER INFORMATION Item 24. Financial Statements and Exhibits: (a) Financial Statements 1. The Registrant's audited financial statements for the Core International Equity Portfolio, European Equity Portfolio, Pacific Basin Equity Portfolio, Emerging Markets Equity Portfolio and International Fixed Income Portfolio for the fiscal year ended February 28, 1995, including Price Waterhouse LLP's report thereon, included in the Statement of Additional Information, filed as part of Post-Effective Amendment No. 19 to the Registrant's Registration Statement on Form N-1A (File No. 33-22821) are incorporated by reference, as filed with the Securities and Exchange Commission on April 28, 1995. 2. The Registrant's unaudited financial statements for the Emerging Markets Equity Portfolio for the period January 17, 1995 through May 17, 1995 are included herein. (b) Exhibits (1) Agreement and Declaration of Trust/1/ (2) By-Laws/1/ (3) Not Applicable (4) Not Applicable (5)(a) Management Agreement between Registrant and SEI Financial Management Company/2/ (5)(b) Form of Investment Advisory Agreement between Registrant and Brinson Partners, Inc./4/ (5)(c) Form of Investment Advisory Agreement between Registrant and Strategic Fixed Income L.P./6/ (5)(d) Schedule C to Management Agreement between Registrant and SEI Financial Management Company adding the International Fixed Income Portfolio/8/ (5)(e) Form of Investment Advisory Agreement between Registrant and Morgan Grenfell Investment Services Ltd./10/ (5)(f) Form of Investment Advisory Agreement between Registrant and Schroder Capital Management International Limited/10/ (5)(g) Form of Investment Advisory Agreement between Registrant and SEI Financial Management Corporation./12/ (5)(h) Form of Investment Sub-Advisory Agreement between Registrant and Strategic Fixed Income L.P./12/ (5)(i) Form of Investment Sub-Advisory Agreement between Registrant and Morgan Grenfell Investment Services Ltd./12/ (5)(j) Form of Investment Sub-Advisory Agreement between Registrant and Schroder Capital Management International Limited/12/ (5)(k) Investment Sub-Advisory Agreement between Registrant and Montgomery Asset Management L.P./12/ (5)(l) Investment Sub-Advisory Agreement between Registrant and Acadian Asset Management, Inc./12/ (5)(m) Investment Sub-Advisory Agreement between Registrant and WorldInvest Limited./12/ (6) Distribution Agreement between Registrant and SEI Financial Services Company/2/ (7) Not Applicable (8)(a) Custodian Agreement between Registrant and State Street Bank and Trust Company/3/ (8)(b) Form of Custodian Agreement between Registrant and The Chase Manhattan Bank, N.A./7/ (9) Not Applicable (10) Opinion and Consent of Counsel/2/ (11) Consent of Independent Accountants* (12) Not Applicable (13) Not Applicable (14) Not Applicable (15)(a) Distribution Plan (Class D)/8/ (15)(b) Form of Distribution Plan (Core International Equity Portfolio Class A)/9/ (15)(c) Form of Distribution Plan (International Fixed Income Portfolio)/9/ (16) Performance Quotation Computation/5/ (24) Powers of Attorney for Edward W. Binshadler, Richard F. Blanchard, Jeffrey A. Cohen, William M. Doran, F. Wendell Gooch, David G. Lee, Frank E. Morris, Robert A. Nesher, Carmen V. Romeo and James M. Storey/11/ - ---------------- * Filed herewith 1 Incorporated herein by reference to Registrant's Registration Statement on Form N-1A (File No. 33-22821) filed with the Securities and Exchange Commission ("SEC") on June 30, 1988 2 Incorporated herein by reference to Pre-Effective Amendment No. 1 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on August 30, 1988 3 Incorporated herein by reference to Item (8) of Part C of Post-Effective Amendment No. 1 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on September 16, 1988 4 Incorporated herein by reference to Post-Effective Amendment No. 6 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on May 16, 1991 5 Incorporated herein by reference to Post-Effective Amendment No. 7 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on June 30, 1992 6 Incorporated herein by reference to Post-Effective Amendment No. 9 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on March 31, 1993 7 Incorporated herein by reference to Item (8)(c) of Part C of Post-Effective Amendment No. 9 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on March 31, 1993 8 Incorporated herein by reference to Post-Effective Amendment No. 10 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on June 28, 1993 9 Incorporated herein by reference to Post-Effective Amendment No. 11 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on June 29, 1993 10 Incorporated herein by reference to Post-Effective Amendment No. 16 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on May 2, 1994 11 Incorporated herein by reference to Post-Effective Amendment No. 18 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on October 28, 1994 12 Incorporated herein by reference to Post-Effective Amendment No. 19 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on April 28, 1995 Item 25. Persons Controlled by or Under Common Control with Registrant See the Prospectus and Statement of Additional Information regarding the Trust's control relationships. The Manager is a subsidiary of SEI Corporation which also controls the distributor of the Registrant (SEI Financial Services Company) and other corporations engaged in providing various financial and record keeping services, primarily to bank trust departments, pension plan sponsors and investment managers. Item 26. Number of Holders of Securities:
As of June 9, 1995 Number of Title of Class Record Holders -------------- -------------- Units of beneficial interest, without par value-- Core International Equity Portfolio--Class A.... 153 Core International Equity Portfolio--Class D.... 18 International Fixed Income Portfolio............ 75 European Equity Portfolio....................... 61 Pacific Basin Equity Portfolio.................. 63 Emerging Markets Equity Portfolio............... 15
Item 27. Indemnification: Article VIII of the Agreement and Declaration of Trust filed as Exhibit 1 to the Registration Statement is incorporated by reference. Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended (the "Act"), may be permitted to trustees, directors, officers and controlling persons of the Registrant by the Registrant pursuant to the Registrant's Agreement and Declaration of Trust or otherwise, the Registrant is aware that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act and, therefore, is unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by trustees, directors, officers or controlling persons of the Registrant in connection with the successful defense of any act, suit or proceeding) is asserted by such trustees, directors, officers or controlling persons in connection with the shares being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. Item 28. Business and Other Connections of Investment Adviser: Strategic Fixed Income L.P. Strategic Fixed Income L.P. ("Strategic") is the investment sub-adviser for Registrant's International Fixed Income Portfolio. The principal business address of Strategic is 1001 Nineteenth Street North, 16th Floor, Arlington, Virginia 22209. Strategic is an investment adviser registered under the Advisers Act. The list required by this Item 28 of officers and directors of Strategic, together with information as to any other business, profession, vocation or employment of substantial nature engaged in by such officers and directors during the past two years, is incorporated by reference to Schedules A and D of Form ADV filed by Strategic pursuant to the Advisers Act (SEC File No. 801-38734). Morgan Grenfell Investment Services Limited Morgan Grenfell Investment Services Limited ("Morgan Grenfell") is the investment sub-adviser for Registrant's European Equity Portfolio. The principal business address of Morgan Grenfell is 20 Finsbury Circus, London EC2M INB, England. Morgan Grenfell is an investment adviser registered under the Advisers Act. The list required by this Item 28 of officers and directors of Morgan Grenfell, together with information as to any other business, profession, vocation or employment of substantial nature engaged in by such officers and directors during the past two years, is incorporated by reference to Schedules A and D of Form ADV filed by Morgan Grenfell pursuant to the Advisers Act (SEC File No. 801-12880). Schroder Capital Management International Limited Schroder Capital Management International Limited ("Schroder") is the investment sub-adviser for Registrant's Pacific Basin Equity Portfolio. The principal business address of Schroder is 33 Gutter Lane, London EC2V 8AS, England. Schroder is an investment adviser registered under the Advisers Act. The list required by this Item 28 of officers and directors of Schroder, together with information as to any other business, profession, vocation or employment of substantial nature engaged in by such officers and directors during the past two years, is incorporated by reference to Schedules A and D of Form ADV filed by Schroder pursuant to the Advisers Act (SEC File No. 801-15834). SEI Financial Management Company SEI Financial Management Company ("SFM") is the investment adviser for Registrant's Core International Equity, European Equity, Pacific Basin Equity, Emerging Markets Equity and International Fixed Income Portfolios. The principal address of SFM is 680 East Swedesford Road, Wayne, Pennsylvania 19087. SFM is an investment adviser registered under the Advisers Act. The list required by this Item 28 of officers and directors of SFM, together with information as to any other business, profession, vocation or employment of a substantial nature engaged in by such officers and directors during the past two years, is incorporated by reference to Schedules A and D of Form ADV filed by SFM pursuant to the Advisers Act (SEC File No. 801-24593). Montgomery Asset Management, L.P. Montgomery Asset Management, L.P. ("MAM") is the investment sub-adviser for Registrant's Emerging Markets Equity Portfolio. The principal address of MAM is 600 Montgomery Street, San Francisco, California 94111. MAM is an investment adviser registered under the Advisers Act. The list required by this Item 28 of officers and directors of MAM, together with information as to any other business, profession, vocation or employment of a substantial nature engaged in by such officers and directors during the past two years, is incorporated by reference to Schedules A and D of Form ADV filed by MAM pursuant to the Advisers Act (SEC File No. 801-36790). Acadian Asset Management, Inc. Acadian Asset Management, Inc. ("Acadian") is the investment sub-adviser for Registrant's Core International Equity Portfolio. The principal address of Acadian is 260 Franklin Street, Boston, Massachusetts 02110. Acadian is an investment adviser registered under the Advisers Act. The list required by this Item 28 of officers and directors of Acadian, together with information as to any other business, profession, vocation or employment of a substantial nature engaged in by such officers and directors during the past two years, is incorporated by reference to Schedules A and D of Form ADV filed by Acadian pursuant to the Advisers Act (SEC File No. 801-28078). WorldInvest Limited WorldInvest Limited ("WorldInvest") is the investment sub-adviser for Registrant's Core International Equity Portfolio. The principal address of WorldInvest is 56 Russell Square, London, England. The list required by this Item 28 of officers and directors of WorldInvest, together with information as to any other business, profession, vocation or employment of a substantial nature engaged in by such officers and directors during the past two years, is incorporated by reference to Schedules A and D of Form ADV filed by WorldInvest pursuant to the Advisers Act (SEC File No. 801-26315). Item 29. Principal Underwriters: (a) Furnish the name of each investment company (other than the Registrant) for which each principal underwriter currently distributing securities of the Registrant also acts as a principal underwriter, depositor or investment adviser: Registrant's distributor, SEI Financial Services Company ("SFS"), acts as distributor for: SEI Daily Income Trust July 15, 1982 SEI Liquid Asset Trust November 29, 1982 SEI Tax Exempt Trust December 3, 1982 SEI Index Funds July 10, 1985 SEI Institutional Managed Trust January 22, 1987 Stepstone Funds January 30, 1991 The Compass Capital Group March 8, 1991 FFB Lexicon Funds October 18, 1991 The Advisors' Inner Circle Fund November 14, 1991 The Pillar Funds February 28, 1992 CUFund May 1, 1992 STI Classic Funds May 29, 1992 CoreFunds, Inc. October 30, 1992 First American Funds, Inc. November 1, 1992 First American Investment Funds, Inc. November 1, 1992 The Arbor Fund January 28, 1993 1784 Funds June 1, 1993 Marquis/SM/ Funds August 17, 1993 Morgan Grenfell Investment Trust January 3, 1994 The PBHG Funds, Inc. July 16, 1993 Nationar Funds, Inc. June 15, 1994 Inventor Funds, Inc. August 1, 1994 The Achievement Funds Trust December 27, 1994 Insurance Investment Products Trust December 30, 1994 Bishop Street Funds January 27, 1995 CrestFunds, Inc. March 1, 1995 Conestoga Family of Funds May 1, 1995
SFS provides numerous financial services to investment managers, pension plan sponsors, and bank trust departments. These services include portfolio evaluation, performance measurement and consulting services ("Funds Evaluation") and automated execution, clearing and settlement of securities transactions ("MarketLink").
Position and Office Positions and Offices Name with Underwriter with Registrant - ---- ------------------- --------------------- Alfred P. West, Jr. Director, Chairman & Chief Executive Officer -- Henry H. Greer Director, President & Chief Operating Officer -- Carmen V. Romeo Director, Executive Vice President & Treasurer Treasurer & Assistant Secretary Gilbert L. Beebower Executive Vice President -- Richard B. Lieb Executive Vice President -- Charles A. Marsh Executive Vice President-Capital Resources Division -- Leo J. Dolan, Jr. Senior Vice President -- Carl A. Guarino Senior Vice President -- Jerome Hickey Senior Vice President -- David G. Lee Senior Vice President President & Chief Executive Officer William Madden Senior Vice President -- A. Keith McDowell Senior Vice President -- Dennis J. McGonigle Senior Vice President -- Hartland J. McKeown Senior Vice President -- James V. Morris Senior Vice President -- Steven Onofrio Senior Vice President -- Kevin P. Robins Senior Vice President, General Counsel & Vice President Secretary & Assistant Secretary Robert Wagner Senior Vice President -- Patrick K. Walsh Senior Vice President -- Kenneth Zimmer Senior Vice President -- Robert Crudup Managing Director -- Todd Cipperman Vice President & Assistant Secretary -- Jeff Drennen Vice President -- Vic Galef Managing Director -- Lawrence D. Hutchison Vice President -- Kim Kirk Managing Director -- John Krzeminski Managing Director -- Carolyn McLaurin Managing Director -- Barbara Moore Managing Director -- Donald Pepin Managing Director -- Mark Samuels Managing Director -- Wayne M. Withrow Managing Director -- Robert Ludwig Team Leader Assistant Secretary Vicki Malloy Team Leader Assistant Secretary Mick Duncan Team Leader Assistant Secretary Robert Aller Vice President -- Charles Baker Vice President -- Steve Bendinelli Vice President -- Cris Brookmyer Vice President & Controller --
Position and Office Positions and Offices Name with Underwriter with Registrant - ---- ------------------- --------------------- Gordon W. Carpenter Vice President -- Robert B. Carroll Vice President & Assistant Secretary Vice President & Assistant Secretary Ed Daly Vice President -- Lucinda Duncalfe Vice President -- Kathy Hellig Vice President -- Michael Kantor Vice President -- Samuel King Vice President -- Donald H. Korytowski Vice President -- Robert S. Ludwig Vice President -- Jack May Vice President -- Sandra K. Orlow Vice President & Assistant Secretary Vice President & Assistant Secretary Kim Rainey Vice President -- Paul Sachs Vice President -- Steve Smith Vice President -- Kathryn L. Stanton Vice President & Assistant Secretary Vice President & Assistant Secretary Daniel Spaventa Vice President -- William Zawaski Vice President -- Larry Pokora Vice President -- James Dougherty Director of Brokerage Services --
Item 30. Location of Accounts and Records: Books or other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended (the "1940 Act"), and the rules promulgated thereunder, are maintained as follows: (a) With respect to Rules 31a-1(a); 31a-1(b)(1); (2)(a) and (b); (3); (6); (8); (12); and 31a-1(d), the required books and records are maintained at the offices of the Portfolios' Custodians: State Street Bank and Trust Company 225 Franklin Street Boston, MA 02110 Chase Manhattan Bank, N.A. Chase MetroTech Center Brooklyn, NY 11245 (b)/(c) With respect to Rules 31a-1(a); 31a-1(b)(1), (4); (2)(C) and (D); (4); (5); (6); (8); (9); (10); (11); and 31a-1(f), the required books and records are maintained at the offices of Registrant's Manager: SEI Financial Management Corporation 680 E. Swedesford Road Wayne, PA 19087 (d) With respect to Rules 31a-(b)(5); (6), (9) and (10) and 31a-1(f), the required books and records are maintained at the offices of Registrant's Advisers: Strategic Fixed Income L.P. 1001 Nineteenth Street North, 16th Floor Arlington, VA 22209 Morgan Grenfell Investment Services Limited 20 Finsbury Circus London EC2M INB England Schroder Capital Management International Limited 33 Gutterlane London ECZV 8AS England SEI Financial Management Corporation 680 East Swedesford Road Wayne, PA 19087 Montgomery Asset Management, L.P. 600 Montgomery Street San Francisco, CA 94111 Acadian Asset Management, Inc. 260 Franklin Street Boston, MA 02110 WorldInvest Limited 56 Russell Square London, England Item 31. Management Services: None. Item 32. Undertakings: Registrant hereby undertakes that whenever shareholders meeting the requirements of Section 16(c) of the 1940 Act inform the Board of Trustees of their desire to communicate with shareholders of the Trust, the Trustees will inform such shareholders as to the approximate number of shareholders of record and the approximate costs of mailing or afford said shareholders access to a list of shareholders. Registrant hereby undertakes to call a meeting of shareholders for the purpose of voting upon the question of removal of a Trustee(s) when requested in writing to do so by the holders of at least 10% of Registrant's outstanding shares and in connection with such meetings to comply with the provisions of Section 16(c) of the 1940 Act relating to shareholder communications. Registrant hereby undertakes to furnish, upon request and without charge, to each person to whom a prospectus is delivered, a copy of the Registrant's latest annual report to Shareholders, when such annual report is issued containing information called for by Item 5A of Form N-1A. NOTICE A copy of the Agreement and Declaration of Trust of SEI International Trust is on file with the Secretary of State of the Commonwealth of Massachusetts and notice is hereby given that this Registration Statement has been executed on behalf of the Trust by an officer of the Trust as an officer and by its Trustees as trustees and not individually and the obligations of or arising out of this Registration Statement are not binding upon any of the Trustees, officers, or shareholders individually but are binding only upon the assets and property of the Trust. SIGNATURES Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for the effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment No. 20 to the Registration Statement No. 33-22821 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Wayne, Commonwealth of Pennsylvania on the 17th day of July, 1995. SEI INTERNATIONAL TRUST By /s/ DAVID G. LEE ------------------------- David G. Lee, President ATTEST: /s/ JEFFREY A. COHEN - ------------------------------- Jeffrey A. Cohen, Controller Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following persons in the capacity on the dates indicated. * Trustee July 17, 1995 - ------------------------------ Richard F. Blanchard * Trustee July 17, 1995 - ------------------------------ William M. Doran * Trustee July 17, 1995 - ------------------------------ F. Wendell Gooch * Trustee July 17, 1995 - ------------------------------ Frank E. Morris * Trustee July 17, 1995 - ------------------------------ James M. Storey * Trustee July 17, 1995 - ------------------------------ Robert A. Nesher /s/ JEFFREY A. COHEN Controller & July 17, 1995 - ------------------------------ Assistant Jeffrey A. Cohen Secretary /s/ CARMEN V. ROMEO Treasurer & July 17, 1995 - ------------------------------ Assistant Carmen V. Romeo Secretary *By /s/ DAVID G. LEE - ------------------------------ David G. Lee Attorney-in-Fact
Exhibit Index Exhibit Page - ------- ---- (1) Agreement and Declaration of Trust/1/ (2) By-Laws/1/ (3) Not Applicable (4) Not Applicable (5)(a) Management Agreement between Registrant and SEI Financial Management Company/2/ (5)(b) Form of Investment Advisory Agreement between Registrant and Brinson Partners, Inc./4/ (5)(c) Form of Investment Advisory Agreement between Registrant and Strategic Fixed Income L.P./6/ (5)(d) Schedule C to Management Agreement between Registrant and SEI Financial Management Company adding the International Fixed Income Portfolio/8/ (5)(e) Form of Investment Advisory Agreement between Registrant and Morgan Grenfell Investment Services Ltd./10/ (5)(f) Form of Investment Advisory Agreement between Registrant and Schroder Capital Management International Limited/10/ (5)(g) Form of Investment Advisory Agreement between Registrant and SEI Financial Management Corporation./12/ (5)(h) Form of Investment Sub-Advisory Agreement between Registrant and Strategic Fixed Income L.P./12/ (5)(i) Form of Investment Sub-Advisory Agreement between Registrant and Morgan Grenfell Investment Services Ltd./12/ (5)(j) Form of Investment Sub-Advisory Agreement between Registrant and Schroder Capital Management International Limited/12/ (5)(k) Investment Sub-Advisory Agreement between Registrant and Montgomery Asset (Management L.P./12/ (5)(l) Investment Sub-Advisory Agreement between Registrant and Acadian Asset Management, Inc./12/ (5)(m) Investment Sub-Advisory Agreement between Registrant and WorldInvest Limited./12/ (6) Distribution Agreement between Registrant and SEI Financial Services Company/2/ (7) Not Applicable (8)(a) Custodian Agreement between Registrant and State Street Bank and Trust Company/3/ (8)(b) Form of Custodian Agreement between Registrant and The Chase Manhattan Bank, N.A./7/ (9) Not Applicable (10) Opinion and Consent of Counsel/2/ (11) Consent of Independent Accountants* (12) Not Applicable (13) Not Applicable (14) Not Applicable (15)(a) Distribution Plan (Class D)/8/ (15)(b) Form of Distribution Plan (Core International Equity Portfolio Class A)/9/ (15)(c) Form of Distribution Plan (International Fixed Income Portfolio)/9/ (16) Performance Quotation Computation /5/ (24) Powers of Attorney for Edward W. Binshadler, Richard F. Blanchard, Jeffrey A. Cohen, William M. Doran, F. Wendell Gooch, David G. Lee, Frank E. Morris, Robert A. Nesher, Carmen V. Romeo, and James A. Storey/11/
- -------------- * Filed herewith 1 Incorporated herein by reference to Registrant's Registration Statement on Form N-1A (File No. 33-22821) filed with the Securities and Exchange Commission ("SEC") on June 30, 1988 2 Incorporated herein by reference to Pre-Effective Amendment No. 1 to Registrant's Registration Statement on Form N-1A (File No.33-22821), filed with the SEC on August 30, 1988 3 Incorporated herein by reference to Item (8) of Part C of Post-Effective Amendment No. 1 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on September 16, 1988 4 Incorporated herein by reference to Post-Effective Amendment No. 6 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on May 16, 1991 5 Incorporated herein by reference to Post-Effective Amendment No. 7 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on June 30, 1992 6 Incorporated herein by reference to Post-Effective Amendment No. 9 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on March 31, 1993 7 Incorporated herein by reference to Item (8)(c) of Part C of Post-Effective Amendment No. 9 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on March 31, 1993 8 Incorporated herein by reference to Post-Effective Amendment No. 10 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on June 28, 1993 9 Incorporated herein by reference to Post-Effective Amendment No. 11 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on June 29, 1993 10 Incorporated herein by reference to Post-Effective Amendment No. 16 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on May 2, 1994 11 Incorporated herein by reference to Post-Effective Amendment No. 18 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on October 28, 1994 12 Incorporated herein by reference to Post-Effective Amendment No. 19 to Registrant's Registration Statement on Form N-1A (File No. 33-22821), filed with the SEC on April 28, 1995 EX-11 2 AUDITOR'S CONSENT Exhibit 11 Consent of Independent Accountants We hereby consent to the use in the Statement of Additional Information which is incorporated by reference in this Post-Effective Amendment No. 20 to the registration statement on Form N-1A (the "Registration Statement") of our report dated April 11, 1995, relating to the February 28, 1995 financial statements and financial highlights of the Core International Equity, European Equity, Pacific Basin Equity, Emerging Markets Equity and International Fixed Income Portfolios of SEI International Trust, which appears in such Statement of Additional Information, and to the incorporation by reference of our report into the Prospectuses which are incorporated by reference in this Registration Statement. We also consent to the references to us under the headings "Financial Statements" and "Experts" in such Statement of Additional Information and to the references to us under the headings "Financial Highlights" and "General Information" in such Prospectuses. /s/ Price Waterhouse LLP PRICE WATERHOUSE LLP Philadelphia, Pennsylvania July 13, 1995 EX-27.5A 3 FINANCIAL DATA SCHEDULE
6 0000835597 SEI INTERNATIONAL TRUST-EMERGING MARKETS EQUITY PORTFOLIO 1,000 4-MOS FEB-28-1996 JAN-17-1995 MAY-17-1995 11,843 12,685 754 22 0 13,461 1,911 0 31 1,942 0 10,593 1,037 0 24 0 62 0 840 11,519 23 41 0 (40) 24 62 840 926 0 0 0 0 1,054 (17) 0 11,519 0 0 0 0 22 0 68 6,272 10.00 .02 1.09 0 0 0 11.11 1.95 0 0
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