N-Q 1 g52803_seiinternational-nq.txt 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: JUNE 30, 2009 ITEM 1. SCHEDULE OF INVESTMENTS SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2009
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- COMMON STOCK -- 85.5% AUSTRALIA -- 5.0% AGL Energy 281,961 $ 3,066 AJ Lucas Group 278 1 Alumina 22,951 27 Amcor 39,514 159 AMP 41,834 165 Arrow Energy* 43,862 126 Australia & New Zealand Banking Group 134,411 1,792 Australian Stock Exchange 31,336 937 AWB 131,337 125 AXA Asia Pacific Holdings 95,927 302 Beach Petroleum 535,481 342 Bendigo and Adelaide Bank 19,084 107 BHP Billiton 387,019 10,863 Billabong International 23,090 163 BlueScope Steel 356,500 729 Boral(A) 42,699 141 Brambles 195,496 942 Caltex Australia 99,049 1,109 CFS Retail Property Trust(B) 162,038 216 Challenger Financial Services Group 66,096 120 Coca-Cola Amatil 199,366 1,388 Cochlear 6,425 300 Commonwealth Bank of Australia 243,689 7,683 Computershare 241,508 1,761 Crown 90,544 532 CSL 231,048 6,005 David Jones 51,500 189 Dexus Property Group(B) 115,600 70 Downer EDI 31,176 141 Energy Resources of Australia 20,999 397 Foster's Group 253,421 1,055 Goodman Fielder 655,173 691 GPT Group(B) 198,683 79 Incitec Pivot 215,688 415 Insurance Australia Group 197,169 560 JB Hi-Fi 39,487 492 John Fairfax Holdings 60,771 60 Lion Nathan 89,551 838 Macquarie Group 72,194 2,282 Macquarie Infrastructure Group 373,749 432 Metcash 242,898 846 Mirvac Group(B) 112,227 98 National Australia Bank 182,027 3,302 Newcrest Mining 99,266 2,449 Nufarm 52,211 388 OneSteel 75,016 157 Orica 55,868 981 Origin Energy 98,644 1,168 OZ Minerals 130,652 97 Pacific Brands(A) 379,743 263 Paladin Energy* 42,894 171 Primary Health Care 300 1 Qantas Airways 47,368 77 QBE Insurance Group 46,808 753 Ramsay Health Care 6,768 63 Rio Tinto(A) 136,398 5,756 Santos 391,462 4,633
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Sims Group 4,400 $ 94 Sonic Healthcare 14,869 148 SP AusNet 46,456 29 Suncorp-Metway 151,913 823 TABCORP Holdings 185,320 1,073 Tatts Group 731,148 1,507 Telstra 295,547 810 Toll Holdings 41,121 208 Transurban Group 12,514 42 Washington H Soul Pattinson 700 6 Wesfarmers 88,492 1,631 Westfield Group(B) 116,552 1,072 Westpac Banking 459,929 7,530 Woodside Petroleum 33,612 1,174 Woolworths 145,037 3,091 WorleyParsons 44,568 858 ------------- 88,101 ------------- AUSTRIA -- 0.3% Erste Group Bank 14,283 385 Mayr Melnhof Karton 600 51 OMV 129,532 4,849 Strabag 7,311 162 Telekom Austria 5,717 89 Verbund - Oesterreichische Elektrizitaetswirtschafts, Cl A 7,136 363 Vienna Insurance Group 2,168 94 ------------- 5,993 ------------- BELGIUM -- 1.1% Banque Nationale de Belgique 3 10 Belgacom 7,152 228 Colruyt 5,191 1,184 Delhaize Group 71,929 5,058 Dexia(A) 206,886 1,568 D'ieteren 375 77 Fortis(A) 199,899 681 Groupe Bruxelles Lambert 38,059 2,781 InBev 90,391 3,264 KBC Groep 6,438 118 Mobistar 4,811 296 Nationale A Portefeuille 3,592 173 Solvay 16,400 1,383 Telenet Group Holding* 27,791 590 UCB(A) 28,317 906 Umicore 27,989 635 ------------- 18,952 ------------- BRAZIL -- 0.6% Banco Bradesco ADR 14,300 211 Brasil Telecom Participacoes ADR 18,300 703 Centrais Eletricas Brasileiras ADR 71,100 1,037 Cia de Saneamento Basico do Estado de Sao Paulo ADR 29,000 870 Cia Energetica de Minas Gerais ADR 190,850 2,565 Cia Paranaense de Energia ADR 7,296 103 Itau Unibanco Banco Multiplo ADR 86,300 1,366 Perdigao ADR* 560 21 Perdigao* 89,900 1,703
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 1
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Redecard 74,800 $ 1,145 ------------- 9,724 ------------- CANADA -- 1.5% Agrium 26,100 1,041 Bank of Montreal 17,700 747 Canadian National Railway 60,880 2,620 Canadian Natural Resources 16,900 890 CGI Group, Cl A* 53,800 479 EnCana 94,620 4,684 Goldcorp 125,880 4,374 IAMGOLD 73,076 741 Inmet Mining 20,600 757 Kinross Gold 114,000 2,069 National Bank of Canada 15,300 708 Research In Motion* 27,680 1,967 Royal Bank of Canada 21,800 893 Talisman Energy 69,600 1,001 Teck Resources, Cl B 54,000 861 TELUS, Cl A 1 -- Toronto-Dominion Bank 54,200 2,804 ------------- 26,636 ------------- CHINA -- 1.2% Anta Sports Products(A) 1,610,000 2,013 Bank of China 5,526,000 2,631 China Citic Bank 286,000 186 China Communications Construction 678,000 793 China Construction Bank 1,140,000 884 China Life Insurance 886,900 3,262 China Railway Group*(A) 2,078,000 1,671 China Shenhua Energy 506,500 1,866 Huaneng Power International 747,000 524 Industrial & Commercial Bank of China(A) 10,888,000 7,586 Renhe Commercial Holdings(A) 622,000 128 Weiqiao Textile 406,500 210 ------------- 21,754 ------------- CYPRUS -- 0.0% Bank of Cyprus Public 12,935 73 ------------- DENMARK -- 1.0% A P Moller - Maersk, Cl A 441 2,583 A P Moller - Maersk, Cl B 10 60 Carlsberg, Cl B 70,515 4,522 Coloplast, Cl B 4,450 306 Danisco 11,102 435 Danske Bank 74,037 1,276 H Lundbeck 4,760 91 Novo Nordisk, Cl B 72,683 3,929 Novozymes, Cl B 2,663 216 Sydbank 6,297 145 Topdanmark* 3,674 429 TrygVesta 2,924 172 Vestas Wind Systems* 37,199 2,666 William Demant Holding* 3,539 183 ------------- 17,013 -------------
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- FINLAND -- 0.9% Citycon 70,439 $ 184 Elisa, Cl A 2,715 45 Fortum 4,727 107 Huhtamaki 19,572 202 Kesko, Cl B 7,701 204 Kone, Cl B 102,013 3,124 Konecranes 6,240 147 Neste Oil 2,719 38 Nokia 425,070 6,224 Orion, Cl B 4,825 75 Outokumpu 13,372 230 Pohjola Bank, Cl A 5,189 41 Rautaruukki 8,837 177 Sampo, Cl A 149,528 2,821 UPM-Kymmene 35,557 310 Wartsila, Cl B 70,669 2,274 ------------- 16,203 ------------- FRANCE -- 7.4% Accor(A) 3,623 144 Aeroports de Paris(A) 2,927 214 Air France-KLM(A) 36,000 460 Air Liquide 4,684 428 Alcatel-Lucent 157,860 396 Alstom(A) 35,503 2,094 Arkema(A) 12,000 281 Atos Origin 4,357 148 AXA(A) 138,408 2,600 BNP Paribas(A) 172,857 11,214 Bouygues(A) 52,628 1,978 Capital Gemini(A) 33,963 1,250 Carrefour 4,653 199 Casino Guichard Perrachon(A) 7,364 496 Christian Dior(A) 15,135 1,129 Cie de Saint-Gobain(A) 52,326 1,749 Cie Generale d'Optique Essilor International 3,725 178 CNP Assurances(A) 26,099 2,491 Compagnie Generale des Etablissements Michelin, Cl B 5,685 324 Credit Agricole 122,602 1,526 Dassault Systemes(A) 8,918 394 EDF 34,731 1,689 Eiffage(A) 5,841 340 Eramet(A) 3,152 823 Eutelsat Communications 51,602 1,331 Faiveley 438 33 Fonciere Des Regions(B) 455 34 France Telecom 391,591 8,876 GDF Suez 95,658 3,561 Gemalto* 22,348 773 Groupe Danone(A) 758 37 Groupe Steria SCA 3,103 57 Havas(A) 210,757 517 Hermes International(A) 2,691 374 ICADE(A)(B) 2,849 234 Iliad(A) 9,199 892 Imerys(A) 2,594 109 Ipsen(A) 1,146 50 Klepierre(B) 1,316 34
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 2 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2009
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Lafarge(A) 26,415 $ 1,788 Lagardere SCA 359 12 Legrand(A) 15,762 343 L'Oreal(A) 1,425 107 LVMH Moet Hennessy Louis Vuitton 5,086 388 M6-Metropole Television(A) 28,790 544 Natixis(A) 315,150 610 Neopost(A) 15,493 1,391 Nexans(A) 5,700 303 Nexity(A) 5,180 154 PagesJaunes Groupe 3,612 35 Pernod-Ricard(A) 910 57 Peugeot 46,243 1,214 PPR(A) 38,086 3,107 Publicis Groupe(A) 90,578 2,761 Renault(A) 83,161 3,053 Safran 4,653 61 Sanofi-Aventis 337,884 19,843 Schneider Electric(A) 12,466 949 SCOR(A) 18,305 375 SES 65,686 1,252 Societe BIC 4,161 239 Societe Des Autoroutes Paris-Rhin-Rhone 2,697 183 Societe Generale 106,622 5,815 Sodexho Alliance 21,067 1,081 Suez Environnement 104,191 1,819 Technip(A) 57,613 2,820 Teleperformance(A) 21,395 650 Thales(A) 4,822 216 Total(A) 359,827 19,421 Unibail(A)(B) 7,835 1,167 Valeo 8,340 153 Veolia Environnement(A) 6,669 196 Vinci 53,191 2,386 Vivendi 276,941 6,617 Wendel(A) 15,655 505 Zodiac Aerospace 5,608 182 ------------- 131,254 ------------- GERMANY -- 5.9% Adidas 2,716 103 Allianz(A) 78,935 7,266 BASF 136,410 5,421 Bayer 162,533 8,713 Bayerische Motoren Werke 91,013 3,426 Bilfinger Berger 8,000 371 Commerzbank 53,616 333 DaimlerChrysler 107,917 3,902 Deutsche Bank 85,343 5,171 Deutsche Boerse 58,461 4,533 Deutsche Lufthansa 373,476 4,678 Deutsche Post 202,396 2,636 Deutsche Postbank 30,761 781 Deutsche Telekom 104,056 1,226 E.ON 280,989 9,940 Fraport Frankfurt Airport Services Worldwide 871 37 Fresenius Medical Care 71,891 3,216 GAGFAH 9,165 76 Hannover Rueckversicherung 110,278 4,077
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Henkel KGaA 18,253 $ 492 Hochtief 18,375 925 Infineon Technologies* 29,517 107 K+S 16,379 920 Lanxess 15,225 375 Linde 2,021 166 MAN 8,227 504 Merck KGaA 2,711 276 Metro 3,640 174 MTU Aero Engines Holding 41,271 1,505 Muenchener Rueckversicherungs 46,111 6,221 Puma Rudolf Dassler Sport 177 39 RWE 98,168 7,723 SAP 115,142 4,630 Siemens 120,761 8,327 Software 10,946 774 Solarworld 4,539 107 Suedzucker 81,352 1,651 ThyssenKrupp 28,481 707 Tognum(A) 28,297 372 TUI 124,503 916 United Internet 44,452 520 Volkswagen 3,872 1,310 Wacker Chemie 541 62 ------------- 104,709 ------------- GREECE -- 0.5% Coca Cola Hellenic Bottling 12,490 258 Hellenic Petroleum 17,735 171 Hellenic Telecommunications Organization 7,276 111 Marfin Investment Group 74,930 322 National Bank of Greece 44,504 1,236 OPAP 77,975 2,078 Public Power 225,199 4,643 Titan Cement 2,208 58 ------------- 8,877 ------------- HONG KONG -- 3.1% ASM Pacific Technology 21,700 112 Bank of East Asia 49,400 151 BOC Hong Kong Holdings 2,131,700 3,735 Cathay Pacific Airways 177,000 244 Cheung Kong Holdings 142,000 1,633 China Mobile 619,400 6,202 China Overseas Land & Investment(A) 1,574,000 3,656 Chinese Estates Holdings(A) 113,500 208 CLP Holdings 42,500 282 Dairy Farm International Holdings 2,600 17 Dickson Concepts International 145,000 62 Esprit Holdings 78,000 435 First Pacific 335,000 192 Genesis Energy Holdings* 1,670,000 61 Guoco Group 32,000 276 Hang Lung Group 94,000 443 Hang Lung Properties 572,000 1,893 Hang Seng Bank 66,000 928 Henderson Land Development 97,000 556 Hengan International Group 136,000 637 Hong Kong & China Gas 71,000 149
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 3
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Hong Kong Exchanges and Clearing 152,800 $ 2,380 HongKong Electric Holdings 177,000 984 Hopewell Holdings 66,000 207 Huabao International Holdings 2,595,000 2,511 Hutchison Harbour Ring 506,000 38 Hutchison Telecommunications Hong Kong Holdings* 802,000 110 Hutchison Telecommunications International 1,011,000 237 Hutchison Whampoa 521,300 3,407 Hysan Development 94,000 241 Jardine Matheson Holdings 12,800 351 Jardine Strategic Holdings 30,000 442 Kerry Properties 57,000 250 Kingboard Chemical Holdings 83,000 205 Lai Sun Development* 3,850,000 63 Li & Fung 602,000 1,616 Lifestyle International Holdings 28,500 41 Link (A)(B) 61,000 130 MTR 352,000 1,056 New World Development 645,000 1,167 Noble Group 1,298,000 1,632 NWS Holdings 17,040 31 Orient Overseas International 44,000 188 Pacific Century Premium Developments 326,000 77 RCG Holdings 42,943 44 Shangri-La Asia 24,000 36 SIM Technology Group 424,000 54 SJM Holdings 289,000 107 Sun Hung Kai Properties 912,000 11,391 Swire Pacific, Cl A 94,000 948 Texwinca Holdings 10,000 8 VTech Holdings 6,000 41 Wharf Holdings 587,000 2,488 Wheelock 52,000 134 Yue Yuen Industrial Holdings 270,190 637 ------------- 55,124 ------------- INDIA -- 0.3% HDFC Bank 87,580 2,730 Larsen & Toubro 27,910 913 Reliance Industries GDR*(C) 20,030 1,663 ------------- 5,306 ------------- INDONESIA -- 0.0% Astra International 288,500 673 ------------- IRELAND -- 0.2% CRH 130,164 2,976 DCC 1,146 24 Experian 161,412 1,207 ------------- 4,207 ------------- ISRAEL -- 0.5% Check Point Software Technologies* 43,080 1,011 Teva Pharmaceutical Industries ADR 148,700 7,337 ------------- 8,348 -------------
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- ITALY -- 2.5% ACEA 53,887 $ 657 Alleanza Assicurazioni 29,819 204 Amplifon 37,257 130 Assicurazioni Generali 9,198 191 Atlantia 48,017 970 Autogrill 3,885 33 Banca Carige 150,378 412 Banca Popolare di Milano Scarl 20,695 123 Banco Popolare Scarl 176,770 1,319 Benetton Group 24,506 215 Edison 234,812 337 Enel 1,119,992 5,451 Engineering Ingegneria Informatica* 2,148 63 ENI 375,579 8,877 Exor 45,395 653 Fastweb* 160 4 Fiat 57,529 578 Finmeccanica 87,700 1,234 Fondiaria-Sai 15,777 254 Geox 29,172 208 Intesa Sanpaolo 1,764,686 5,681 Iride 5,066 9 Italcementi(A) 40,495 462 Luxottica Group 11,699 244 Mediaset 91,438 512 Mediobanca 85,735 1,020 Mediolanum 29,963 160 Milano Assicurazioni 59,027 196 Parmalat 242,060 584 Piccolo Credito Valtellinese Scarl 7,570 68 Pirelli & C 3,080,445 1,078 Prysmian 1,016 15 Saipem 3,402 83 Saras 10,869 31 Snam Rete Gas 22,222 97 Societa Iniziative Autostradali e Servizi 4,913 34 Telecom Italia 6,021,185 7,803 Terna Rete Elettrica Nazionale 342,272 1,140 UniCredito Italiano 1,050,684 2,645 Unione di Banche Italiane 19,199 250 Unipol Gruppo Finanziario 241,523 283 ------------- 44,308 ------------- JAPAN -- 19.2% 77 Bank 105,000 612 Acom 1,690 42 Aderans 2,300 27 Advantest 3,300 60 Aeon 81,800 810 Aeon Credit Service 4,700 62 Aeon Mall 900 17 Aichi Bank 1,200 102 Aida Engineering(A) 6,000 20 Aioi Insurance 53,000 242 Aisan Industry 9,700 79 Aisin Seiki 12,300 267 Ajinomoto 90,000 713 Alfresa Holdings 1,300 60
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 4 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2009
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- All Nippon Airways 61,000 $ 213 Alpen 3,400 62 Alpine Electronics 29,700 308 Amada 65,000 404 AOKI Holdings 3,800 41 Aoyama Trading 6,800 117 Asahi Breweries 79,900 1,149 Asahi Kasei 173,000 880 Asics 4,000 37 Astellas Pharma 250,400 8,876 Bank of Kyoto 46,000 427 Bank of Nagoya 19,000 86 Bank of Saga 2,000 7 Bank of Yokohama 9,000 48 Belluna 5,200 20 Benesse 78,400 3,137 Best Denki 8,000 35 BML 2,400 53 Bridgestone 73,800 1,159 Canon 267,200 8,751 Canon Finetech 2,600 35 Canon Marketing Japan 66,600 932 Capcom 47,100 847 Casio Computer 10,500 94 Cawachi 3,100 59 Central Japan Railway 573 3,522 Chiba Bank 69,000 451 Chiba Kogyo Bank* 5,500 54 Chubu Electric Power 41,900 968 Chuetsu Pulp & Paper 18,000 44 Chugai Pharmaceutical 68,600 1,308 Chugoku Bank 33,000 458 Chugoku Electric Power 4,800 100 Chuo Denki Kogyo 16,000 133 Circle K Sunkus 9,200 144 Coca-Cola Central Japan 4,900 68 Cosmo Oil 430,000 1,462 CREATE SD HOLDINGS 2,000 39 Credit Saison 56,500 719 Crescendo Investment, Cl A(B) 22 42 Culture Convenience Club 16,000 137 Dai Nippon Printing 104,000 1,427 Daicel Chemical Industries 10,000 61 Daihatsu Motor 104,000 968 Daiichi Sankyo 103,200 1,848 Daiichikosho 19,100 208 Daikin Industries 1,900 61 Daimei Telecom Engineering 3,000 29 Dainippon Ink and Chemicals 101,000 158 Dainippon Sumitomo Pharma 79,100 692 Daishi Bank 32,000 131 Daito Trust Construction 3,400 161 Daiwa House Industry 34,000 367 Daiwa Securities Group 334,000 1,990 DCM Japan Holdings 17,000 116 Dena(A) 213 713 Denki Kagaku Kogyo 79,000 220 Denso 71,300 1,833 Dentsu 49,500 1,041 Dowa Mining 10,000 42 Dydo Drinco 2,900 79 eAccess 90 74
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- East Japan Railway 122,700 $ 7,389 Ebara 289,000 997 Ehime Bank 10,000 28 Eisai 6,200 221 Electric Power Development 15,200 432 FamilyMart 10,500 330 Fancl*(C) 5,100 62 Fanuc 41,800 3,362 Fast Retailing 28,000 3,657 Fuji Heavy Industries 84,000 340 Fuji Media Holdings 843 1,271 FUJIFILM Holdings 16,600 526 Fujishoji 42 51 Fujitec 2,000 9 Fujitsu 669,000 3,647 Fukuda Denshi 300 7 Fukuoka Financial Group 460,000 2,060 Furukawa Electric 23,000 104 Furuno Electric 3,500 23 Futaba 15,200 279 Fuyo General Lease 2,500 56 Global One Real Estate Investment(B) 4 29 Godo Steel 56,000 167 Goldwin* 28,000 72 GS Yuasa(A) 19,000 167 Gunma Bank 18,000 100 Gunze 18,000 80 H2O Retailing 17,000 97 Hachijuni Bank 47,000 266 Hakuhodo DY Holdings 4,260 230 Hankyu Hanshin Holdings 72,000 337 Heiwa 17,300 200 Heiwado 6,200 75 Higo Bank 9,000 54 HI-LEX CORP 4,600 40 Hino Motors 22,000 69 Hirose Electric 4,000 427 Hiroshima Bank 52,000 217 Hisamitsu Pharmaceutical 28,300 880 Hitachi 341,000 1,064 Hitachi Cable 72,000 231 Hitachi Chemical 34,000 549 Hitachi High-Technologies 1,800 31 Hitachi Software Engineering 15,900 272 Hokuetsu Bank 25,000 50 Hokuhoku Financial Group 34,000 85 Hokuriku Electric Power 27,600 631 Honda Motor 392,700 10,826 Hoshizaki Electric 6,000 68 Hosiden 8,500 108 House Foods 10,200 148 Hoya 14,000 281 Hyakugo Bank 28,000 138 Hyakujushi Bank 27,000 130 Ibiden 35,500 999 Idemitsu Kosan 4,000 343 IHI 98,000 170 Inabata 9,100 37 Inpex Holdings 128 1,024 Isetan Mitsukoshi Holdings 34,200 349 Isuzu Motors 42,000 67
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 5
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Itochu 430,000 $ 2,995 Itochu Enex 28,600 177 Itochu Techno-Solutions 17,100 509 Itochu-Shokuhin 700 25 Iyo Bank 20,000 204 Izumiya 1,000 6 J Front Retailing(A) 94,000 449 Jafco 3,100 104 Japan Airlines* 167,000 322 Japan Petroleum Exploration 600 33 Japan Prime Realty Investment, Cl A(B) 37 80 Japan Real Estate Investment, Cl A(B) 6 50 Japan Retail Fund Investment, Cl A(B) 34 157 Japan Steel Works 191,450 2,365 Japan Tobacco 1,737 5,437 JFE Holdings 38,700 1,304 JFE Shoji Holdings 26,000 96 JGC 14,000 226 Joyo Bank 44,000 224 JS Group 12,300 190 JSR 2,000 34 JTEKT 4,000 41 Jupiter Telecommunications 1,153 875 Kagawa Bank 8,000 33 Kagoshima Bank 18,000 132 Kajima 122,000 381 Kamigumi 83,000 700 Kaneka 103,000 733 Kansai Electric Power 70,700 1,561 Kansai Paint 3,000 22 Kanto Auto Works 5,100 49 Kanto Natural Gas Development 6,000 35 Kao 50,000 1,091 Kasumi 6,500 29 Kato Sangyo 500 8 Kawasaki Heavy Industries 61,000 168 KDDI 686 3,640 Keihin Electric Express Railway 22,000 171 Keio 92,000 535 Keisei Electric Railway 48,000 287 Keyence 1,700 347 Kikkoman 6,000 60 Kinden 37,000 325 Kintetsu 105,000 463 Kintetsu World Express 2,400 57 Kirin Brewery 118,000 1,651 Kissei Pharmaceutical 12,000 292 Kobe Steel 4,000 7 Kohnan Shoji 3,500 35 Konica Minolta Holdings 214,500 2,241 Kose 5,900 124 K's Holdings 2,900 75 Kubota 183,000 1,512 Kuraray 70,000 778 Kurita Water Industries 600 19 Kyocera 30,300 2,283 Kyoei Steel 9,100 258 Kyorin 39,000 591 Kyowa Hakko Kirin 71,000 803
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Kyudenko 9,000 $ 62 Kyushu Electric Power 37,600 809 Leopalace21 62,400 558 Lintec 5,000 87 Mabuchi Motor 7,100 343 Makino Milling Machine 11,000 36 Makita 5,100 123 Marubeni 686,000 3,043 Marudai Food 14,000 41 Marui 46,100 325 Maruichi Steel Tube 1,900 36 Maruzen Showa Unyu 9,000 25 Matsui Securities 20,400 185 Matsumotokiyoshi Holdings 3,500 72 Matsushita Electric Industrial 229,300 3,094 Matsushita Electric Works 24,000 227 Maxvalu Nishinihon 2,200 31 Mazda Motor 401,000 1,027 McDonald's Holdings Japan 5,100 95 Mediceo Paltac Holdings 51,000 584 MEIJI Holdings* 7,710 310 Mie Bank 18,000 65 Mikuni Coca-Cola Bottling 3,400 28 Millea Holdings 77,800 2,153 Minebea 32,000 136 Ministop 8,000 129 Miraca Holdings 38,400 939 Mitsubishi 524,800 9,725 Mitsubishi Chemical Holdings 158,000 670 Mitsubishi Electric 3,000 19 Mitsubishi Estate 110,000 1,837 Mitsubishi Gas Chemical 151,000 826 Mitsubishi Heavy Industries 12,000 50 Mitsubishi Logistics 18,000 199 Mitsubishi Materials 155,000 484 Mitsubishi Motors*(A) 322,000 604 Mitsubishi Rayon 37,000 108 Mitsubishi Steel Manufacturing 45,000 106 Mitsubishi UFJ Financial Group 1,928,300 11,951 Mitsubishi UFJ Lease & Finance 470 15 Mitsui 100,600 1,195 Mitsui Chemicals(A) 104,000 333 Mitsui Engineering & Shipbuilding 68,000 160 Mitsui Fudosan 75,000 1,308 Mitsui High-Tec 6,200 68 Mitsui Mining & Smelting 84,000 218 Mitsui OSK Lines 123,000 799 Mitsui Sugar 23,000 78 Mitsui Sumitomo Insurance Group Holdings 113,400 2,979 Mitsui Trust Holdings 335,000 1,281 Mitsumi Electric 24,000 514 Mizuho Financial Group(A) 528,800 1,239 Morinaga Milk Industry 29,000 111 Murata Manufacturing 8,600 365 Musashi Seimitsu Industry 2,400 37 N E Chemcat 2,000 21 Nafco 3,700 65 Nagase 33,000 331 Nakanishi 100 7 Namco Bandai Holdings 18,900 208 NEC 1,361,000 5,346
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 6 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2009
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- NEC Fielding 200 $ 3 NEC Networks & System Integration 11,500 141 NET One Systems 362 637 NGK Insulators 26,000 531 NGK Spark Plug 8,000 76 NHK Spring 39,000 262 Nidec 1,500 91 Nikon 6,000 104 Nintendo 25,300 6,983 Nippon Building Fund, Cl A(B) 99 848 Nippon Densetsu Kogyo 18,000 189 Nippon Electric Glass 237,000 2,658 Nippon Express 148,000 673 Nippon Flour Mills 31,000 149 Nippon Konpo Unyu Soko 7,000 78 Nippon Meat Packers 35,000 442 Nippon Mining Holdings 743,500 3,868 Nippon Oil 407,000 2,404 Nippon Paper Group(A) 19,100 494 Nippon Seiki 6,000 62 Nippon Sheet Glass 66,000 193 Nippon Soda 10,000 45 Nippon Steel 47,000 180 Nippon Steel Trading 7,000 12 Nippon Telegraph & Telephone 204,800 8,321 Nipro 10,000 204 Nishi-Nippon City Bank 72,000 182 Nissan Chemical Industries 25,000 282 Nissan Motor 807,700 4,906 Nissan Shatai 16,000 132 Nisshin Seifun Group 19,000 226 Nisshin Steel 80,000 179 Nisshinbo Industries 29,000 328 Nissin Healthcare Food Service 100 1 Nitori 23,811 1,688 Nitto Denko 16,900 515 NOK 16,000 186 Nomura Holdings 345,600 2,916 Nomura Real Estate Holdings 7,600 132 Nomura Real Estate Office Fund, Cl A(B) 16 102 Nomura Research Institute 28,300 629 Noritake 2,000 7 Noritsu Koki 6,500 62 NSK 15,000 76 NTT Data 151 488 NTT DoCoMo 2,661 3,894 NTT Urban Development 59 57 Obayashi 23,000 113 Odakyu Electric Railway 50,000 428 Ohara 400 6 Ohsho Food Service 2,400 49 OJI Paper 9,000 39 Okaya 1,000 10 Okinawa Cellular Telephone 24 41 Okinawa Electric Power 1,200 65 Olympus 3,300 78 Omron 34,200 494 Ono Pharmaceutical 13,200 584 Onward Holdings 19,000 123 Oracle Japan 5,300 194
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Oriental Land 2,800 $ 187 ORIX 8,560 515 Osaka Gas 409,000 1,306 Osaka Steel 13,000 236 Raito Kogyo 26,000 68 Rakuten 6,273 3,777 Resona Holdings(A) 70,100 985 Resorttrust 4,000 42 Ricoh 141,000 1,819 Rinnai 1,100 49 Rohm 33,600 2,448 Roland 2,200 27 Sakai Chemical Industry 19,000 77 San-A, Cl A 900 29 San-In Godo Bank 15,000 130 Sanki Engineering 19,000 146 Sankyo 46,700 2,493 Santen Pharmaceutical 21,800 663 Sanyo Electric* 91,000 236 Sapporo Hokuyo Holdings 40,900 117 Sapporo Holdings 8,000 46 Sawai Pharmaceutical 1,900 103 Sazaby League 1,700 24 SBI Holdings 287 59 Secom 19,000 772 Sega Sammy Holdings 18,700 237 Seiko Epson(A) 32,700 534 Seino Transportation 84,000 699 Sekisui Chemical 24,000 151 Sekisui House 63,000 640 Seven & I Holdings 203,500 4,788 Sharp(A) 94,000 977 Shikoku Electric Power 3,300 99 Shimamura 1,500 119 Shimizu 50,000 218 Shin-Etsu Chemical 20,500 952 Shinko Securities 188,000 590 Shinmaywa Industries 18,000 65 Shinsei Bank(A) 880,000 1,414 Shionogi 135,000 2,612 Shiseido 8,000 131 Shizuoka Bank 47,000 466 Showa 3,000 13 Showa Shell Sekiyu 38,600 409 Sinanen 2,000 10 Sintokogio 11,300 80 SKY Perfect JSAT Holdings 27 10 SMC 3,600 388 Snow Brand Milk Products 19,500 60 Softbank 82,900 1,617 Sohgo Security Services 800 8 Sojitz 142,900 314 Sompo Japan Insurance 16,000 107 Sony 159,400 4,172 Sony Financial Holdings 34 94 Square Enix Holdings 7,500 176 SRI Sports 25 20 St. Marc Holdings 1,100 34 Stanley Electric 7,900 160 Sumco 30,100 429 Sumikin Bussan 21,000 49 Sumisho Computer Systems 200 3
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 7
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Sumitomo 277,800 $ 2,827 Sumitomo Chemical 172,000 775 Sumitomo Electric Industries 285,700 3,216 Sumitomo Heavy Industries 22,000 98 Sumitomo Metal Industries 86,000 229 Sumitomo Metal Mining 101,000 1,427 Sumitomo Mitsui Financial Group(A) 171,600 6,990 Sumitomo Realty & Development 4,000 73 Sumitomo Rubber Industries 4,800 39 Sumitomo Trust & Banking 174,000 938 Suruga Bank 132,000 1,263 Suzuken 14,500 420 Suzuki Motor 80,800 1,817 T&D Holdings 22,550 647 Taiheiyo Cement 521,000 896 Taisei 90,000 217 Taisho Pharmaceutical 35,000 663 Taiyo Nippon Sanso 39,000 374 Takashimaya 49,000 386 Takeda Pharmaceutical 69,500 2,708 Takefuji(A) 53,630 294 Takeuchi Manufacturing 1,300 13 Tanabe Seiyaku 6,000 69 TDK 4,100 193 Teijin 138,000 445 Temp Holdings 1,300 11 Terumo 9,000 397 T-GAIA CORP 31 41 THK 9,200 138 TKC 2,700 52 Tobu Railway 65,000 382 Toda 14,000 57 Toho Holdings 3,900 41 Tohokushinsha Film 5,200 32 Tokai Tokyo Securities 48,000 175 Tokuyama 23,000 169 Tokyo Broadcasting System 18,500 291 Tokyo Dome 13,000 44 Tokyo Electric Power 5,900 152 Tokyo Electron 3,600 174 Tokyo Energy & Systems 12,000 104 Tokyo Gas 33,000 118 Tokyo Steel Manufacturing 168,795 2,054 Tokyo Style 5,000 40 Tokyo Tatemono 9,000 50 Tokyo Tekko 24,000 90 Tokyu 14,000 71 Tokyu Land 46,000 210 TonenGeneral Sekiyu 43,000 438 Toppan Forms 4,500 58 Toppan Printing 246,000 2,486 Topre 1,400 11 Topy Industries 18,000 34 Toray Industries 46,000 235 Toshiba TEC 74,000 301 Tosoh 66,000 187 TOTO(A) 16,000 112 Toyo Kohan 9,000 42 Toyo Securities 37,000 104 Toyo Seikan Kaisha 32,200 683 Toyo Suisan Kaisha 67,000 1,380
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Toyoda Gosei 8,900 $ 241 Toyota Auto Body 10,200 186 Toyota Industries 60,500 1,508 Toyota Motor 314,300 11,955 Toyota Tsusho 65,700 976 Trend Micro 11,000 352 Tsumura 1,100 34 TV Asahi 33 50 Ube Industries 19,000 53 Unicharm 600 46 Unipres 3,500 39 UNY 10,800 92 Ushio 3,100 50 USS 920 47 Valor(A) 5,400 42 Warabeya Nichiyo 5,200 62 Watabe Wedding 7,400 120 West Japan Railway 226 747 Yahoo! Japan 4,694 1,496 Yamaguchi Financial Group 52,000 686 Yamaha 1,100 14 Yamaha Motor 44,800 498 Yamanashi Chuo Bank 14,000 77 Yamato Kogyo 24,000 710 Yamato Transport 33,000 440 Yamazaki Baking 109,000 1,229 Yodogawa Steel Works 27,000 137 Yonekyu 3,000 31 ------------- 341,894 ------------- JERSEY -- 0.0% Randgold Resources 4,507 291 Regus 227,254 243 ------------- 534 ------------- MAURITIUS -- 0.0% Golden Agri-Resources (SGD)(A) 2,763,640 726 ------------- MEXICO -- 0.0% America Movil, Ser L 124,000 240 ------------- NETHERLANDS -- 4.6% Aegon 223,621 1,375 Akzo Nobel 26,252 1,155 ArcelorMittal 115,708 3,796 ASML Holding(A) 65,824 1,423 Corio(B) 4,743 231 European Aeronautic Defence and Space 437,677 7,066 Heineken 47,227 1,751 Heineken Holding 12,142 386 Imtech 15,400 299 ING Groep 172,088 1,731 James Hardie Industries 90,594 308 Koninklijke Ahold 456,152 5,236 Koninklijke DSM 125,222 3,922 Koninklijke Philips Electronics 85,941 1,582 Koninklijke Vopak*(A) 21,489 1,072 Nutreco Holding 4,382 171 QIAGEN* 2,248 42
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 8 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2009
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Randstad Holding(A) 40,321 $ 1,115 Reed Elsevier 17,218 189 Royal Dutch Shell, Cl A 795,175 19,862 Royal Dutch Shell, Cl B 421,758 10,599 Royal KPN 421,668 5,796 SBM Offshore 4,368 74 TNT 113,794 2,210 Unilever(A) 413,015 9,944 Wolters Kluwer 6,436 112 ------------- 81,447 ------------- NEW ZEALAND -- 0.1% Air New Zealand 110,300 64 Contact Energy 17,857 68 Fletcher Building 93,876 400 Telecom of New Zealand 794,206 1,404 Vector 90,530 120 ------------- 2,056 ------------- NORWAY -- 0.5% DnB 345,664 2,631 Fred Olsen Energy 1,700 58 Marine Harvest* 870,000 596 Norsk Hydro 9,200 47 Orkla 17,200 125 Petroleum Geo-Services* 18,150 112 Renewable Energy* 1,800 14 Seadrill 6,600 94 Statoil 48,100 946 Telenor 139,400 1,071 Yara International 99,333 2,778 ------------- 8,472 ------------- PAPUA NEW GUINEA -- 0.2% Lihir Gold* 1,227,822 2,928 ------------- PORTUGAL -- 0.4% Banco Comercial Portugues(A) 642,423 652 Banco Espirito Santo(A) 45,410 245 Cimpor Cimentos de Portugal(A) 42,045 307 Energias de Portugal 1,212,459 4,750 Galp Energia, Cl B 11,582 162 Jeronimo Martins 54,984 375 Portugal Telecom 130,816 1,279 REN - Redes Energeticas Nacionais 38,168 163 ------------- 7,933 ------------- RUSSIA -- 0.0% Surgutneftegaz ADR 8,414 58 ------------- SINGAPORE -- 1.1% CapitaLand 66,000 169 City Developments 20,000 118 ComfortDelgro 313,000 277 DBS Group Holdings 416,000 3,392 Del Monte Pacific 14,000 6 Fraser and Neave(D) 200,000 536 Haw Par 17,000 54 Jardine Cycle & Carriage 42,000 557
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Keppel 116,000 $ 553 NatSteel 22,000 19 Oversea-Chinese Banking 609,000 2,811 SembCorp Industries 141,000 294 SembCorp Marine 35,000 65 SIA Engineering 103,000 199 Singapore Airlines 12,140 111 Singapore Airport Terminal Services 113,000 170 Singapore Exchange 121,000 594 Singapore Land 14,000 52 Singapore Technologies Engineering 315,000 533 Singapore Telecommunications 888,000 1,841 United Industrial 63,000 78 United Overseas Bank 191,000 1,937 UOB-Kay Hian Holdings 84,000 78 UOL Group 70,000 160 Venture 2,000 10 Wilmar International 1,650,000 5,723 ------------- 20,337 ------------- SOUTH AFRICA -- 0.1% Impala Platinum Holdings 65,750 1,451 ------------- SPAIN -- 3.3% Abertis Infraestructuras 24,358 458 Acerinox(A) 19,347 358 ACS Actividades de Construccion y Servicios(A) 45,949 2,323 Banco Bilbao Vizcaya Argentaria(A) 276,524 3,467 Banco de Sabadell(A) 75,745 473 Banco de Valencia(A) 25,280 245 Banco Popular Espanol(A) 62,135 541 Banco Santander 9,970 120 Banco Santander Central Hispano 932,562 11,197 Bankinter(A) 50,866 601 Cementos Portland Valderrivas 389 18 Criteria Caixacorp 77,775 359 EDP Renovaveis* 27,493 281 Enagas(A) 26,007 511 Financiera Alba(A) 9,427 454 Fomento de Construcciones y Contratas(A) 10,268 421 Gas Natural SDG(A) 41,507 755 Gestevision Telecinco(A) 8,263 77 Grifols 40,076 708 Iberdrola(A) 174,613 1,416 Iberdrola Renovables* 8,949 41 Inditex(A) 11,759 564 Indra Sistemas(A) 15,892 344 Mapfre 241,964 787 Red Electrica(A) 47,719 2,156 Repsol(A) 314,587 7,033 Sacyr Vallehermoso(A) 24,756 343 Telefonica 984,807 22,267 Zardoya Otis(A) 22,888 478 ------------- 58,796 -------------
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 9
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- SWEDEN -- 1.4% Alfa Laval 5,875 $ 56 Assa Abloy, Cl B 29,076 403 Atlas Copco, Cl B 10,077 91 Atlas Copco, Cl A 57,461 573 Axis Communications 4,379 46 Boliden 141,048 1,061 Electrolux, Ser B 30,934 430 Hennes & Mauritz, Cl B 33,328 1,656 Holmen, Cl B 9,204 200 Husqvarna, Cl B 29,117 158 Investor, Cl B 96,943 1,489 Lundin Petroleum* 44,724 345 Meda, Cl A 24,819 170 Millicom International Cellular* 1,258 71 Nordea Bank 228,664 1,803 Scania, Cl B 18,767 185 Securitas, Cl B 72,171 610 Skandinaviska Enskilda Banken, Cl A 87,231 382 Skanska, Cl B 27,425 305 SKF, Cl B 18,457 226 Ssab Svenskt Stal 2,760 30 Ssab Svenskt Stal, Ser A, Cl A 3,345 39 Svenska Cellulosa, Cl A 8,393 90 Svenska Cellulosa, Cl B 363,168 3,797 Svenska Handelsbanken, Cl A 46,008 866 Swedbank 78,110 453 Swedish Match 67,924 1,098 Tele2, Cl B 7,193 72 Telefonaktiebolaget LM Ericsson, Cl B 650,779 6,358 TeliaSonera 143,145 748 Volvo, Cl A 14,423 88 Volvo, Cl B 7,543 46 ------------- 23,945 ------------- SWITZERLAND -- 6.7% ABB 191,910 3,014 ACE 74,232 3,283 Actelion* 21,639 1,131 Adecco 9,872 411 Baloise Holding 34,370 2,549 Banque Cantonale Vaudoise 1,647 519 Clariant 54,000 341 Credit Suisse Group 215,540 9,830 EFG International 5,313 57 Elektrizitaets-Gesellschaft Laufenburg 56 53 Geberit 2,347 288 Givaudan 124 76 Helvetia Holding 1,890 500 Holcim* 15,934 904 Kuehne + Nagel International 12,321 964 Lindt & Spruengli 348 650 Lonza Group 1,984 197 Nestle 687,887 25,882 Novartis 491,169 19,890 Pargesa Holding 925 58 Paris RE Holdings 12,198 197 Roche Holding 70,997 9,642
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Schindler Holding 4,682 $ 290 SGS 533 660 Sonova Holding 2,255 183 Sulzer 7,200 455 Swatch Group 29,588 967 Swiss Reinsurance 42,988 1,421 Swisscom 13,077 4,010 Syngenta 37,223 8,634 Synthes 1,694 163 Transocean* 9,815 729 UBS 211,943 2,590 Valora Holding 365 66 Vontobel Holding 6,203 166 Xstrata 670,417 7,257 Zurich Financial Services 60,315 10,615 ------------- 118,642 ------------- TAIWAN -- 0.4% Chunghwa Telecom 1,447,301 2,890 HON HAI Precision Industry GDR 41,490 252 Taiwan Semiconductor Manufacturing 1,391,000 2,319 United Microelectronics ADR 814,400 2,150 ------------- 7,611 ------------- UNITED KINGDOM -- 15.2% 3i Group 199,319 794 Admiral Group 7,230 104 Aegis Group 133,268 202 AMEC 264,548 2,845 Amlin 109,960 547 Anglo American 59,160 1,718 Antofagasta 502,474 4,862 Arriva 7,551 51 Associated British Foods 10,242 129 AstraZeneca 393,896 17,323 Autonomy* 224,782 5,320 Aviva 407,617 2,292 Avocet Mining* 30,221 42 Babcock International Group 97,954 776 BAE Systems 1,764,350 9,836 Balfour Beatty 346,613 1,764 Barclays 1,936,400 9,025 Beazley 22,395 36 Berkeley Group Holdings* 56,596 749 BG Group 483,980 8,114 BHP Billiton 455,547 10,233 BP 2,604,400 20,493 British American Tobacco 454,169 12,513 British Land(B) 9,748 61 British Sky Broadcasting Group 43,955 329 BT Group, Cl A 640,133 1,070 Bunzl 6,129 51 Burberry Group 12,839 89 Cadbury 532,601 4,543 Cairn Energy* 8,447 326 Cape* 51,033 165 Capita Group 32,124 378 Carillion 72,213 300 Carnival 64,450 1,706 Carphone Warehouse Group 98,243 256 Catlin Group 146,296 774
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 10 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2009
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Centrica 1,848,838 $ 6,790 Close Brothers Group 27,086 293 Cobham 309,757 881 Compass Group 824,025 4,638 Debenhams 139,240 186 Diageo 247,913 3,558 Dimension Data Holdings 261,291 256 Drax Group 21,600 156 DS Smith 83,389 91 easyJet* 26,787 119 Eurasian Natural Resources 16,793 181 Firstgroup 40,031 236 Fresnillo 13,538 116 Friends Provident Group 131,027 142 GlaxoSmithKline 548,628 9,654 Greggs 6,095 37 Group 4 Securicor 410,141 1,408 Hamworthy 16,122 66 Hays 1,367,523 1,931 Healthcare Locums 40,124 126 Hiscox 82,000 391 Home Retail Group 333,409 1,428 HSBC Holdings 2,395,643 19,825 ICAP 152,110 1,130 Imperial Tobacco Group 140,025 3,639 Inchcape 3,161,183 989 Inmarsat 87,630 787 Intercontinental Hotels Group 30,277 311 Intertek Group 50,513 868 Invensys 168,953 622 Investec 428,262 2,305 J Sainsbury 6,682 34 Johnson Matthey 29,900 567 Kazakhmys 70,930 736 Kingfisher 702,994 2,058 Ladbrokes 15,590 47 Legal & General Group 1,781,340 1,666 Lloyds Banking Group 45,207 52 Logica 309,066 402 London Stock Exchange Group 10,778 125 Lonmin 1,599 31 Man Group 6,793 31 Marks & Spencer Group 192,187 969 Meggitt 115,049 300 Mondi 2,310 8 National Express Group 15,020 77 National Grid 400,058 3,607 Next 73,759 1,784 Old Mutual 2,113,572 2,817 Pearson 90,448 908 Persimmon 74,608 430 Petrofac 103,064 1,137 Prudential 148,761 1,013 QinetiQ 55,007 130 Reckitt Benckiser Group 117,739 5,363 Reed Elsevier 127,156 948 Rexam 521,441 2,443 Rio Tinto 111,478 3,865 Rolls-Royce Group 59,908 357 Royal & Sun Alliance Insurance Group 1,274,790 2,523 Royal Bank of Scotland Group 249,998 159
Shares/ Face Amount(1) Market Value Description ($ Thousands) ($ Thousands) ----------- -------------- ------------- SABMiller 27,203 $ 553 Sage Group 737,926 2,164 Schroders 21,342 288 Scottish & Southern Energy 3,969 74 Serco Group 176,492 1,227 Severn Trent 2,323 42 Shire 105,034 1,445 Smith & Nephew 2,880 21 Smiths Group 42,086 486 Standard Chartered 584,164 10,967 Standard Life 22,528 69 Tate & Lyle 14,913 78 Tesco 533,923 3,109 Thomas Cook Group(A) 171,460 580 Thomson Reuters 68,975 1,967 Tomkins 141,516 345 Travis Perkins 26,391 229 TUI Travel 61,556 235 Tullett Prebon 103,954 507 Tullow Oil 129,198 1,995 Unilever 72,354 1,697 United Utilities Group 24,651 202 Vedanta Resources 10,299 218 Vodafone Group 10,045,769 19,389 Whitbread 2,354 32 WM Morrison Supermarkets 277,381 1,080 Wolseley 1,353 26 WPP 500,496 3,324 ------------- 269,912 ------------- UNITED STATES -- 0.3% Advance America Cash Advance Centers 4,112 18 American Financial Group 6,500 140 Applied Signal Technology 3,400 87 Danvers Bancorp 15,300 206 DST Systems* 5,900 218 Earthlink* 34,300 254 First Financial Bankshares 3,143 158 Glatfelter 18,800 167 Hawkins 6,900 156 Horace Mann Educators 4,500 45 HSN* 7,500 79 i2 Technologies* 3,900 49 NewAlliance Bancshares 13,000 150 Noble 25,085 759 O'Charleys 4,200 39 PEP Boys-Manny Moe & Jack 11,300 115 PS Business Parks(B) 17,444 845 RadioShack 24,100 336 Rayonier(B) 37,800 1,374 Schweitzer-Mauduit International 2,600 71 Ventas(B) 4,800 143 ------------- 5,409 ------------- Total Common Stock (Cost $1,538,240) ($ Thousands) 1,519,646 ------------- MORTGAGE-BACKED SECURITIES -- 3.2% AGENCY MORTGAGE-BACKED OBLIGATIONS -- 1.5% FHLMC CMO STRIPS, Ser 231, Cl IO, IO 5.500%, 08/01/35 1,747 267
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 11
Face Amount(1) Market Value Description ($ Thousands) ($ Thousands) ----------- -------------- ------------- FHLMC CMO STRIPS, Ser 245, Cl IO, IO 5.000%, 05/15/37 $ 2,398 $ 379 FNMA TBA 6.500%, 07/01/32 10,650 11,342 6.000%, 07/01/21 to 07/01/37 16,100 16,878 FNMA CMO STRIPS, Ser 369, Cl 1, IO 5.000%, 03/01/36 1,374 210 ------------- 29,076 ------------- NON-AGENCY MORTGAGE-BACKED OBLIGATIONS -- 1.7% Adjustable Rate Mortgage Trust, Ser 2005-5, Cl 1A1 4.188%, 09/25/35 (E) 1,148 574 American Home Mortgage Investment Trust, Ser 2004-3, Cl 3A 4.787%, 10/25/34 (E) 1,098 731 American Home Mortgage Investment Trust, Ser 2005-1, Cl 4A1 3.170%, 06/25/45 (E) 254 141 Banc of America Commercial Mortgage, Ser 2006-5, Cl A1 5.185%, 09/10/47 680 687 Banc of America Funding, Ser 2006-A, Cl 2A2 5.175%, 02/20/36 (E)(F) 375 39 Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-7, Cl 1A1 5.486%, 10/25/34 (E) 460 313 Bear Stearns Alt-A Trust, Ser 2004-12, Cl 2A2 4.991%, 01/25/35 (E) 1,114 624 Chase Mortgage Finance, Ser 2007, Cl 7A1 4.605%, 02/25/37 (E) 887 802 Countrywide Alternative Loan Trust, Ser 2004-33, Cl 1A1 4.979%, 12/25/34 (E) 624 419 Countrywide Home Loan Mortgage Pass-Through Trust, Ser 2007-HYB1, Cl 1A1 5.445%, 03/25/37 (E) 1,783 785 Countrywide Home Loans, Ser 2004-22, Cl A1 5.080%, 11/25/34 (E) 1,395 1,055 Countrywide Home Loans, Ser 2006-HYB2, Cl 1A1 5.295%, 04/20/36 (E) 3,909 1,909 CS First Boston Mortgage Securities, Ser 2001-CF2, Cl A4 6.505%, 02/15/34 762 786 CS First Boston Mortgage Securities, Ser 2003-C3, Cl A3 3.382%, 05/15/38 187 188 CS First Boston Mortgage Securities, Ser 2005-C1, Cl A2 4.609%, 02/15/38 584 581
Face Amount(1) Market Value Description ($ Thousands) ($ Thousands) ----------- -------------- ------------- Deutsche Alternative Securities Mortgage Loan Trust, Ser 2006-AB3, Cl A1 6.250%, 07/25/36 (E) $ 1,722 $ 1,182 DLJ Commercial Mortgage, Ser 2000-CF1, Cl A1B 7.620%, 06/10/33 695 713 Downey Savings & Loan Association Mortgage Loan Trust, Ser 2004-AR4, Cl B1 0.913%, 01/19/45 (E)(F) 925 49 First Horizon Alternative Mortgage Trust, Ser 2005-AA3, Cl 3A1 5.358%, 05/25/35 (E) 752 440 First Horizon Mortgage Pass- Through Trust, Ser 2006-AR3, Cl 1A1 5.648%, 11/25/36 (E) 2,240 1,589 First Union National Bank Commercial Mortgage, Ser 2000-C1, Cl A2 7.841%, 05/17/32 141 144 GMAC Commercial Mortgage Securities, Ser 2004-C2, Cl A2 4.760%, 08/10/38 619 606 Indymac Mortgage Loan Trust, Ser 2004-AR6, Cl 1A 4.933%, 10/25/34 (E) 245 155 JP Morgan Commercial Mortgage Finance, Ser 2000-C10, Cl A2 7.371%, 08/15/09 (E) 79 80 LB-UBS Commercial Mortgage Trust, Ser 2000-C4, Cl A2 7.370%, 08/15/26 251 257 LB-UBS Commercial Mortgage Trust, Ser 2000-C5, Cl A2 6.510%, 12/15/26 617 636 LB-UBS Commercial Mortgage Trust, Ser 2001-WM, Cl A2 6.530%, 07/14/16 (C) 620 638 LB-UBS Commercial Mortgage Trust, Ser 2003-C7, Cl A2 4.064%, 07/15/09 (E) 555 552 Master Adjustable Rate Mortgages, Ser 2005-2, Cl 3A1 4.788%, 03/25/35 (E) 1,469 725 Merrill Lynch Mortgage Investors, Ser 2005-A4, Cl 1A 4.600%, 07/25/35 (E) 310 191 MLCC Mortgage Investors, Ser 2006-1, Cl 1A1 4.941%, 02/25/36 (E) 3,245 1,649 Morgan Stanley Capital I, Ser 2005-HQ5, Cl A2 4.809%, 01/14/42 1,064 1,073 Nomura Asset Acceptance, Ser 2004-R1, Cl A1 6.500%, 03/25/34 (C) 1,175 994 Nomura Asset Acceptance, Ser 2004-R2, Cl A1 6.500%, 10/25/34 (C)(E) 1,226 1,022
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 12 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2009
Face Amount(1) Market Value Description ($ Thousands) ($ Thousands) ----------- -------------- ------------- Residential Accredit Loans, Ser 2005-QA3, Cl NB2 5.212%, 03/25/35 (E)(F) $ 3,718 $ 1,786 Residential Accredit Loans, Ser 2006-QO1, Cl 2A3 0.714%, 02/25/46 (E)(F) 472 51 Residential Asset Securitization Trust, Ser 2004-IP2, Cl 3A1 5.022%, 12/25/34 (E) 3,302 2,492 Salomon Brothers Mortgage Securities, Ser 2000-C1, Cl A2 7.520%, 12/18/09 (E) 635 639 WaMu Mortgage Pass Through Certificates, Ser 2004-AR9, Cl A6 4.127%, 08/25/34 (E) 318 302 Wells Fargo Mortgage Backed Securities Trust, Ser 2004-I, Cl B1 4.618%, 07/25/34 (E)(F) 139 53 Wells Fargo Mortgage Backed Securities Trust, Ser 2004-N, Cl A5 4.098%, 08/25/34 (E) 278 265 ------------- 27,917 ------------- Total Mortgage-Backed Securities (Cost $71,408) ($ Thousands) 56,993 ------------- ASSET-BACKED SECURITIES -- 0.9% AUTOMOTIVE -- 0.2% Honda Auto Receivables Owner Trust, Ser 2009-2, Cl A2 2.220%, 08/15/11 1,035 1,041 USAA Auto Owner Trust, Ser 2009-1, Cl A2 2.640%, 08/15/11 1,100 1,109 ------------- 2,150 ------------- CREDIT CARD -- 0.2% American Express Credit Account Master Trust, Ser 2009-1, Cl A 1.671%, 05/15/12 (E) 785 774 BA Credit Card Trust, Ser 2006, Cl A6 0.349%, 11/15/13 (E) 620 605 Capital One Multi-Asset Execution Trust, Ser 2009, Cl A1 1.418%, 04/15/13 (E) 600 600 Chase Issuance Trust, Ser 2007, Cl A10 0.359%, 06/16/14 (E) 620 595 Chase Issuance Trust, Ser 2009, Cl A4 1.070%, 06/15/12 (E) 1,100 1,098 Citibank Credit Card Issuance Trust, Ser 2009, Cl A1 2.069%, 03/17/14 (E) 475 479 MBNA Credit Card Master Note Trust, Ser 2003, Cl A4 0.539%, 09/17/12 (E) 1,760 1,750 ------------- 5,901 -------------
Face Amount(1) ($ Thousands)/ Market Value Description Shares ($ Thousands) ----------- -------------- ------------- MORTGAGE RELATED -- 0.4% ACE Securities, Ser 2003-NC1, Cl M 1.484%, 07/25/33 (E) $ 2,100 $ 1,169 Citicorp Residential Mortgage Securities, Ser 2006-2, Cl A4 5.775%, 09/25/36 (G) 1,245 1,050 Master Asset Backed Securities Trust, Ser 2003-WMC2, Cl M1 1.364%, 08/25/33 (E) 338 257 Merrill Lynch Mortgage Investors, Ser 2003-HE1, Cl M2 1.964%, 07/25/34 (E) 135 34 Morgan Stanley Capital I, Ser 2003-NC8, Cl M1 1.364%, 09/25/33 (E) 1,698 1,012 Residential Asset Mortgage Products, Ser 2003-RS11, Cl Mll1 1.409%, 12/25/33 (E) 188 68 Resmae Mortgage Loan Trust, Ser 2006-1, Cl A2B 0.464%, 02/25/36 (C)(E) 5,355 2,257 Terwin Mortgage Trust, Ser 2006- 2, Cl 2A1 4.500%, 06/25/36 (F) 741 113 ------------- 5,960 ------------- OTHER ASSET-BACKED SECURITIES -- 0.1% CNH Equipment Trust, Ser 2009- B, Cl A2 2.400%, 05/16/11 1,555 1,558 ------------- Total Asset-Backed Securities (Cost $21,219) ($ Thousands) 15,569 ------------- PREFERRED STOCK -- 0.6% BRAZIL -- 0.3% Banco Bradesco 184,300 2,708 Petroleo Brasileiro 210,900 3,504 ------------- 6,212 ------------- FRANCE -- 0.1% Bureau Veritas 23,620 1,159 ------------- GERMANY -- 0.2% Draegerwerk 2,624 65 Henkel 3,033 95 Porsche 28,325 1,899 RWE 7,994 533 Volkswagen 9,899 691 ------------- 3,283 ------------- ITALY -- 0.0% Exor 19,462 164 ------------- Total Preferred Stock (Cost $12,203) ($ Thousands) 10,818 -------------
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 13
Face Amount(1) ($ Thousands)/ Market Value Description Shares ($ Thousands) ----------- -------------- ------------- CORPORATE OBLIGATIONS -- 0.1% UNITED STATES -- 0.1% Discover Financial Services 6.450%, 06/12/17(C) $ 335 $ 272 Shinsei Finance Cayman 6.418%, 01/29/49(C)(E)(F) 1,740 696 ------------- Total Corporate Obligations (Cost $2,075) ($ Thousands) 968 -------------
Number Of Rights -------------- RIGHTS -- 0.0% AUSTRALIA -- 0.0% Rio Tinto Limited, Expires 07/02/09* 2 31 ------------- BELGIUM -- 0.0% Fortis, Expires 07/01/14*(F) 423 -- ------------- FRANCE -- 0.0% Casino Guichard Perrachon, Expires 01/13/10 1 5 ------------- ITALY -- 0.0% Unione di Banche Italiane SCPA, Expires 07/08/09* 19 1 ------------- NORWAY -- 0.0% Renewable Energy Corp, Expires 07/15/09* 1 -- ------------- SINGAPORE -- 0.0% Golden Agri-Resources, Expires 07/21/09* 470 65 ------------- SPAIN -- 0.0% Zardoya Otis, Expires 07/01/09 23 23 ------------- UNITED KINGDOM -- 0.0% Rio Tinto, Expires 07/09/09* 32 366 ------------- Total Rights (Cost $374) ($ Thousands) 491 -------------
Number Of Warrants -------------- WARRANTS -- 0.0% SINGAPORE -- 0.0% Golden Agri-Resources, Expires 05/29/12 * 187,928 26 -------------
Face Amount(1) ($ Thousands)/ Market Value Description Shares ($ Thousands) ----------- -------------- ------------- ITALY -- 0.0% Unione di Banche Italiane SCPA, Expires 06/30/11* 34,013 $ -- ------------- Total Warrants (Cost $0)($ Thousands) 26 ------------- U.S. TREASURY OBLIGATIONS -- 0.8% U.S. Treasury Bills 0.144%, 08/20/09 (H) 1,000 1,000 0.250%, 12/03/09 (H) 13,230 13,214 0.291%, 12/17/09 (H) 850 849 ------------- Total U.S. Treasury Obligations (Cost $15,065) ($ Thousands) 15,063 ------------- CASH EQUIVALENT -- 5.7% UNITED STATES -- 5.7% SEI Daily Income Trust, Prime Obligation Fund, Cl A, 0.270%+** 101,317,087 101,317 ------------- Total Cash Equivalent (Cost $101,317) ($ Thousands) 101,317 ------------- AFFILIATED PARTNERSHIP -- 7.3% UNITED STATES -- 7.3% SEI Liquidity Fund, L.P., 0.700%+**(I) 131,759,904 129,336 ------------- Total Affiliated Partnership (Cost $131,760) ($ Thousands) 129,336 ------------- Total Investments -- 104.1% (Cost $1,893,661) ($ Thousands)ss $ 1,850,227 =============
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 14 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2009 A summary of the outstanding forward foreign currency contracts held by the Fund at June 30, 2009, is as follows:
Unrealized Currency to Currency to Appreciation Deliver Receive (Depreciation) Settlement Date (Thousands) (Thousands) ($ Thousands) ------------- ------------ ------------ -------------- 7/21/09 CAD 34,899 USD 30,911 $ 853 7/21/09 EUR 2,232 SGD 4,400 (90) 7/21/09 HKD 225,700 USD 29,127 (2) 7/21/09 MXP 2,981 USD 220 (5) 7/21/09 SGD 4,400 EUR 2,210 60 7/21/09 SGD 6,143 USD 4,245 1 7/21/09 USD 24,265 AUD 30,563 401 7/21/09 USD 4,919 CAD 5,673 (33) 7/21/09 USD 40,722 EUR 29,295 366 7/21/09 USD 63,694 GBP 38,788 177 7/21/09 USD 905 NZD 1,633 152 7/21/09 USD 11,962 SEK 93,215 71 7/21/09 USD 4,943 SGD 7,203 34 7/21/09 ZAR 10,659 USD 1,336 (39) 7/21/09-7/22/09 NOK 2,409 USD 377 3 7/21/09-10/21/09 AUD 6,424 CHF 5,400 (191) 7/21/09-10/21/09 AUD 330 USD 261 (4) 7/21/09-10/21/09 CHF 5,400 AUD 6,753 456 7/21/09-10/21/09 CHF 17,900 GBP 10,617 1,004 7/21/09-10/21/09 CHF 8,798 USD 8,002 (94) 7/21/09-10/21/09 GBP 10,570 CHF 17,900 (928) 7/21/09-10/21/09 USD 7,781 CHF 8,552 88 7/21/09-11/20/09 CHF 17,000 EUR 11,330 249 7/21/09-11/20/09 EUR 11,403 CHF 17,000 (352) 7/21/09-11/20/09 EUR 8,545 USD 12,054 69 7/21/09-11/20/09 GBP 396 USD 639 (13) 7/21/09-11/20/09 NZD 2,710 USD 1,709 (43) 7/21/09-11/20/09 USD 4,038 NOK 25,812 (29) 7/22/09 JPY 210,000 NOK 15,841 283 7/22/09 NOK 15,412 JPY 210,000 (216) 7/22/09-10/21/09 USD 49,189 JPY4,739,197 (48) 7/22/09-11/20/09 EUR 4,501 JPY 599,000 (97) 7/22/09-11/20/09 GBP 11,899 JPY1,712,000 (1,828) 7/22/09-11/20/09 JPY 599,000 EUR 4,822 547 7/22/09-11/20/09 JPY1,712,000 GBP 12,212 2,344 8/21/09-9/21/09 NOK 13,951 SEK 17,300 68 8/21/09-9/21/09 SEK 17,300 NOK 13,600 (123) 8/21/09-11/20/09 GBP 4,929 SGD 11,100 (445) 8/21/09-11/20/09 JPY 385,000 NZD 7,040 536 8/21/09-11/20/09 NZD 6,531 JPY 385,000 (208) 8/21/09-11/20/09 SGD 11,100 GBP 4,965 504 9/24/09-10/21/09 JPY 369,000 USD 3,691 (139) 11/20/09 CHF 1,000 NOK 5,854 (15) 11/20/09 NOK 5,968 CHF 1,000 (3) ------- $ 3,321 =======
A summary of the open futures contracts held by the Fund at June 30, 2009, is as follows:
Unrealized Number of Appreciation Type of Contracts Expiration (Depreciation) Contract Long (Short) Date ($ Thousands) -------- ------------ ---------- -------------- DJ Euro Stoxx 50 Index 1,726 Sep-2009 $ (612) FTSE 100 Index 506 Sep-2009 (737) Hang Seng Index 33 Jul-2009 (12) MSCI EAFE Index E-MINI 49 Sep-2009 (62) Nikkei 225 Index 43 Sep-2009 49 SPI 200 Index 124 Sep-2009 (125) Topix Index 388 Sep-2009 (434) U.S. 10-Year Treasury Note (14) Sep-2009 (35) U.S. 5-Year Treasury Note (14) Sep-2009 (24) ------- $(1,992) =======
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 15 A summary of outstanding swap agreements held by the Fund at June 30, 2009, is as follows: Total Return Swap
Net Notional Unrealized Termination Amount Appreciation Counterparty Reference Entity/Obligation Fund Pays Fund Receives Date (Thousands) ($Thousands) ------------ --------------------------------------- ------------- ------------- ----------- ----------- ------------ Morgan Stanley MSCI Daily TR Net EAFE USD Market Index 3-Month LIBOR Price Return 01/13/10 67,440 $11,058 =======
Credit Default Swaps
Net Unrealized (Pays)/ Notional Appreciation Buy/Sell Receives Termination Amount (Depreciation) Counterparty Reference Entity/Obligation Protection Rate Date (Thousands) ($Thousands) ------------ ------------------------------------- ---------- -------- ----------- ----------- -------------- Bank of America Radian Group Inc., 7.750%, 06/01/11 BUY (0.39) 12/20/13 2,500 $1,035 JPMorgan Chase Bank Hasbro Inc., 2.750%, 12/01/21 BUY (0.39) 12/20/11 2,500 20 JPMorgan Chase Bank Jones Apparel Group, 5.125%, 11/15/14 BUY (0.77) 12/20/11 2,500 174 JPMorgan Chase Bank Radian Group Inc., 7.750%, 06/01/11 BUY (0.39) 12/20/13 2,500 864 Merrill Lynch MDC Holdings Inc., 5.500%, 05/15/13 BUY (0.90) 12/20/11 2,500 (3) ------ $2,090 ======
The following is a summary of the inputs used as of June 30, 2009 in valuing the Fund's investments carried at value ($ Thousands):
Level 1 Level 2 Level 3 Total ---------- -------- ------- ---------- Investments in Securities Common Stock $1,519,110 $ -- $536 $1,519,646 Mortgage-Backed Securities -- 56,993 -- 56,993 Asset-Backed Securities -- 15,569 -- 15,569 Preferred Stock 10,818 -- -- 10,818 Corporate Obligations -- 968 -- 968 Rights 394 97 -- 491 Warrants -- 26 -- 26 U.S. Treasury Obligations -- 15,063 -- 15,063 Cash Equivalent 101,317 -- -- 101,317 Affiliated Partnership -- 129,336 -- 129,336 ---------- -------- ---- ---------- Total Investments in Securities $1,631,639 $218,052 $536 $1,850,227 ========== ======== ==== ==========
Other Financial Instruments Level 1 Level 2 Level 3 Total --------------------------- ------- ------- ------- ------- Futures $(1,992) $ -- $-- $(1,992) Forwards -- 3,321 -- 3,321 Credit Default Swaps -- 2,090 -- 2,090 Total Return Swaps -- 11,058 -- 11,058 Interest Rate Swaps -- -- -- -- ------- ------- --- ------- Total Other Financial Instruments $(1,992) $16,469 $-- $14,477 ======= ======= === =======
Common Stock ------------ Beginning balance as of October 1, 2008 $ -- Accrued discounts/premiums -- Realized gain/(loss) -- Change in unrealized appreciation/(depreciation) -- Net purchases/sales -- Net transfer in and/or out of Level 3 536 ---- Ending balance as of June 30, 2009 $536 ====
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 16 SCHEDULE OF INVESTMENTS (Unaudited) International Equity Fund June 30, 2009 Percentages are based on a Net Assets of $1,777,525($ Thousands). * Non-income producing security ** Rate shown is the 7-day effective yield as of June 30, 2009. + Affiliated security (A) This security or a partial position of this security is on loan at June 30, 2009. The total market value of securities on loan at June 30, 2009 was $123,511 ($ Thousands). (B) Real Estate Investments Trust (C) 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. (D) 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 June 30, 2009 was $536 ($ Thousands) and represented 0.0% of Net Assets. (E) Variable Rate Security - The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2009. (F) Securities considered illiquid. The total market value of such securities as of June 30, 2009 was $2,787 ($ Thousands) and represented 0.2% of Net Assets. (G) Step Bonds - The rate reflected on the Schedule of Investments is the effective yield on June 30, 2009. The coupon on a step bond changes on a specified date. (H) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (I) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of June 30, 2009 was $129,336 ($ Thousands). ss At June 30, 2009, the tax basis cost of the Fund's investments was $1,893,661 ($ Thousands), and the unrealized appreciation and depreciation were $111,547 ($ Thousands) and ($154,981)($ Thousands) respectively. ADR -- American Depositary Receipt AUD -- Australian Dollar Cl -- Class CAD -- Canadian Dollar CHF -- Swiss Franc CMO -- Collateralized Mortgage Obligation EUR -- Euro FHLMC -- Federal Home Loan Mortgage Corporation FNMA -- Federal National Mortgage Association GBP -- British Pound Sterling GDR -- Global Depositary Receipt HKD -- Hong Kong Dollar IO -- Interest Only - face amount represents notional amount JPY -- Japanese Yen LIBOR -- London Interbank Offered Rate L.P. -- Limited Partnership 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 $O or have been rounded to $O. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual and annual financial statements. SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 17 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund June 30, 2009
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- COMMON STOCK -- 87.8% ARGENTINA -- 0.5% Telecom Argentina ADR* 41,700 $ 535 Tenaris ADR 95,858 2,592 Ternium ADR(A) 29,250 505 ------------- 3,632 ------------- BRAZIL -- 8.0% Abyara Planejamento Imobiliario* 5,600 6 All America Latina Logistica 168,300 1,033 Amil Participacoes 156,800 755 Banco Bradesco ADR 124,000 1,831 Banco do Brasil 161,654 1,745 Banestes Banco do Estado do Espirito Santo 4,800 16 BM&F BOVESPA 67,100 401 BR Malls Participacoes* 68,100 516 Brascan Residential Properties 41,100 90 Camargo Correa Desenvolvimento Imobiliario 32,000 63 Centrais Eletricas Brasileiras 66,380 965 Cia de Saneamento Basico do Estado de Sao Paulo ADR 610 18 Cia de Saneamento Basico do Estado de Sao Paulo 101,469 1,514 Cia de Saneamento de Minas Gerais-COPASA 106,100 1,375 Cia Energetica de Minas Gerais ADR 62,163 835 Companhia Brasileira de Meios de Pagamento* 94,000 808 Dufry South America 63,900 794 EDP - Energias do Brasil 63,002 854 Empresa Brasileira de Aeronautica 186,300 772 Empresa Brasileira de Aeronautica ADR 22,380 371 Eternit 49,755 177 Ez Tec Empreendimentos e Participacoes 40,100 92 Gerdau 95,900 771 Gerdau ADR 98,187 1,028 Grendene 169,668 1,558 GVT Holding* 48,600 807 Hypermarcas* 159,650 1,971 Itau Unibanco Banco Multiplo ADR 336,844 5,332 Klabin Segall* 19,700 31 Light 41,852 575 Localiza Rent A Car 203,800 1,258 Lojas Renner 94,949 1,051 Marfrig Alimentos* 62,000 459 Medial Saude* 130,000 567 Natura Cosmeticos 2,100 27 OGX Petroleo e Gas Participacoes 3,184 1,633 PDG Realty Empreendimentos e Participacoes 18,400 195 Petroleo Brasileiro ADR 54,964 2,252 Petroleo Brasileiro 316,681 6,488 Porto Seguro 24,000 189
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Redecard 151,100 $ 2,313 Rodobens Negocios Imobiliarios 87,650 801 Santos Brasil Participacoes 75,581 424 Sistema Educacional Brasileiro 89,000 727 SLC Agricola 61,520 570 Souza Cruz 46,982 1,346 Telegraph Norte Leste Participacoes ADR 66,280 986 Tractebel Energia 60,770 580 Usinas Siderurgicas de Minas Gerais 173,800 3,654 Vale ADR, Cl B 421,326 6,992 Vale 140,900 2,475 Wilson Sons, BDR 73,605 571 ------------- 62,662 ------------- CHILE -- 1.1% Banco Santander Chile ADR 33,192 1,550 Centros Comerciales Sudamericanos 109,425 288 Cia Cervecerias Unidas ADR 23,094 809 Cia Cervecerias Unidas 157,825 1,105 Embotelladora Andina ADR, Cl B 32,078 546 Empresa Nacional de Telecomunicaciones 49,589 670 Enersis ADR 197,091 3,640 Multiexport Foods* 144,140 23 Sociedad Quimica y Minera de Chile ADR 7,800 282 ------------- 8,913 ------------- CHINA -- 10.7% AAC Acoustic Technologies Holdings(A) 184,000 146 AirMedia Group ADR* 103,742 668 Ajisen China Holdings 769,000 487 Anhui Conch Cement(A) 252,882 1,583 Anhui Expressway 854,000 483 Baidu ADR* 1,849 557 Bank of China 11,020,000 5,247 Bank of Communications(A) 1,557,000 1,746 Beauty China Holdings(B)(C) 70,000 6 Bosideng International Holdings 7,710,000 826 Central China Real Estate 25,000 8 China Coal Energy 571,000 676 China Communications Services 742,000 459 China Construction Bank 12,956,250 10,047 China Dongxiang Group 2,383,500 1,602 China Life Insurance 721,000 2,651 China Medical Technologies ADR 20,600 410 China Molybdenum 459,000 331 China Oilfield Services 464,000 503 China Petroleum & Chemical 1,916,000 1,461 China Railway Construction*(A) 1,631,500 2,518 China Shenhua Energy 333,800 1,230 China Shineway Pharmaceutical Group 133,000 134 China Shipping Development(A) 1,122,000 1,448 China Telecom 4,238,000 2,111 China Yurun Food Group 5,720 9 China Zhongwang Holdings* 756,400 1,038
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 1
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Chongqing Changan Automobile, Cl B 1,156,600 $ 534 Ctrip.com International ADR* 16,600 769 Dongfeng Motor Group 2,558,000 2,159 Epure International 2,645,500 822 Fosun International 1,105,500 688 Great Wall Motor 524,000 416 Guangshen Railway 632,000 298 Guangzhou R&F Properties(A) 484,400 1,088 Huaneng Power International ADR 1,440 40 Huaneng Power International 966,800 679 Industrial & Commercial Bank of China 14,607,000 10,178 Jiangling Motors, Cl B 58,300 66 Jiangsu Expressway 338,000 248 Mindray Medical International ADR 38,678 1,080 Netease.com ADR* 15,646 550 New Oriental Education & Technology Group ADR* 20,504 1,381 People's Food Holdings 112,058 44 PetroChina 6,341,932 7,037 PetroChina ADR 11,290 1,247 Ping An Insurance Group of China 244,000 1,651 Renhe Commercial Holdings(A) 6,808,000 1,405 Shanda Interactive Entertainment ADR*(A) 26,400 1,380 Shandong Chenming Paper Holdings, Cl B 1,099,700 734 Shandong Molong Petroleum Machinery 1,358,813 195 Shenzhou International Group Holdings 457,000 206 Sinopec Shanghai Petrochemical 1,050,330 362 Sinotrans 3,699,000 840 Tencent Holdings 212,400 2,479 Tingyi Cayman Islands Holding 648,000 1,069 Travelsky Technology 96,000 53 Tsingtao Brewery 188,000 597 Weichai Power 291,000 965 Weiqiao Textile 1,773,400 918 Yangzijiang Shipbuilding Holdings(A) 1,658,102 894 Yanzhou Coal Mining 58,000 80 Zhaojin Mining Industry 94,500 153 Zhejiang Expressway 1,240,000 984 Zhuzhou CSR Times Electric 727,000 1,030 ------------- 83,704 ------------- CZECH REPUBLIC -- 0.7% CEZ 82,592 3,712 Komercni Banka 5,776 797 Philip Morris CR 560 191 Telefonica O2 Czech Republic 16,550 377 ------------- 5,077 ------------- EGYPT -- 0.5% Commercial International Bank 113,362 993 Egyptian Financial Group-Hermes Holding 220,924 898 National Societe Generale Bank 11,000 52
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Orascom Construction Industries GDR 12,609 $ 410 Orascom Telecom Holding SAE* 130,000 695 Suez Cement 2,790 16 Telecom Egypt 205,500 594 ------------- 3,658 ------------- HONG KONG -- 6.4% Beijing Enterprises Holdings 483,500 2,414 Chaoda Modern Agriculture 2,729,400 1,602 China BlueChemical 1,832,000 962 China Mobile 1,347,417 13,491 China Mobile ADR 45,970 2,302 China Overseas Land & Investment 1,070,800 2,487 China Pharmaceutical Group 1,342,000 691 China Power International Development 4,590,320 1,475 China Resources Power Holdings(A) 668,000 1,486 China State Construction International Holdings 516,000 178 China Unicom 589,682 781 CNOOC ADR 3,980 490 CNOOC 5,155,448 6,393 Cnpc Hong Kong 1,423,975 1,176 COSCO Pacific 2,003,200 2,256 Denway Motors 2,233,530 893 Digital China Holdings 354,000 247 Global Bio-Chemical Technology Group 3,957,500 715 GOME Electrical Appliances Holdings(A) 4,907,000 696 Guangdong Investment 1,116,000 550 GZI Real Estate Investment Trust(D) 706,065 230 Huabao International Holdings 2,597,500 2,514 Hutchison Whampoa 80,000 523 Industrial and Commercial Bank of China Asia 185,000 336 NWS Holdings 131,226 237 Samson Holding(A) 5,708,000 891 Shanghai Industrial Holdings 272,000 1,095 Shui On Land(A) 1,305,150 894 Sino Biopharmaceutical 80,000 14 Sinolink Worldwide Holdings 1,936,000 307 Skyworth Digital Holdings 1,802,000 414 Texwinca Holdings 436,600 349 TPV Technology 2,243,890 1,005 ------------- 50,094 ------------- HUNGARY -- 0.4% Egis Gyogyszergyar 2,000 180 Magyar Telekom 345,483 1,016 MOL Hungarian Oil and Gas 20,855 1,283 Richter Gedeon 4,700 842 ------------- 3,321 ------------- INDIA -- 6.6% Allahabad Bank 111,286 181 Ambuja Cements 316,789 579 Andhra Bank 365,655 626
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 2 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund June 30, 2009
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Corporation Bank 10,693 $ 74 Bank of Baroda 125,937 1,171 Bank of India 268,339 1,975 Bank of Maharashtra 100,000 84 Bharat Electronics 20,344 558 Bharat Heavy Electricals 28,180 1,297 Bharat Petroleum 41,463 372 Bharti Airtel* 210,075 3,518 Birla 44,487 192 Cairn India* 421,798 2,049 Canara Bank 63,169 346 CESC 49,124 283 Container of India 1,300 27 Dena Bank 42,104 49 Dr Reddys Laboratories 44,616 726 Federal Bank 113,009 592 GAIL India 20,000 120 Grasim Industries 8,330 402 Great Eastern Shipping 7,915 42 Gujarat Alkalies & Chemicals 26,910 56 Gujarat Narmada Valley Fertilizers 157,458 289 Gujarat State Fertilisers 48,344 176 HCL Technologies 68,839 267 Hero Honda Motors 36,015 1,051 Hindalco Industries 139,970 253 Hindustan Petroleum 109,020 680 Hindustan Unilever 194,112 1,084 Hindustan Zinc 69,585 875 Housing Development Finance 58,824 2,879 ICICI Bank 52,528 792 India Cements 324,640 888 Indian Bank 176,623 539 Indian Overseas Bank 51,626 93 Industrial Development Bank of India 45,530 104 Infosys Technologies ADR 5,730 211 Infosys Technologies 54,353 2,016 Infrastructure Development Finance* 642,964 1,822 ITC 74,869 298 Jet Airways India 40,750 192 Larsen & Toubro 59,829 1,958 Mahanagar Telephone Nigam 528,330 1,075 Mahindra & Mahindra 30,000 433 Maruti Udyog 10,890 243 National Aluminium 19,435 124 NTPC 90,722 369 Oil & Natural Gas 169,605 3,779 Oriental Bank of Commerce 1,205 5 Patni Computer Systems 85,589 465 Piramal Healthcare 121,378 789 Punjab National Bank 1,500 21 Reliance Industries* 22,760 961 Shipping of India 180,622 469 State Bank of India GDR (G) 25,310 1,797 State Bank of India 35,905 1,308 Steel Authority of India 51,903 164 Sterlite Industries India ADR 11,530 143 Sterlite Industries India 55,393 702 Syndicate Bank 108,823 163 Tata Consultancy Services 413,978 3,369 Tata Power 9,356 225
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Tata Steel 123,067 $ 1,004 Union Bank of India 53,345 270 United Phosphorus 94,870 283 Zee Entertainment Enterprises 353,549 1,308 ------------- 51,255 ------------- INDONESIA -- 1.7% Astra International 530,351 1,237 Bank Central Asia 1,936,000 669 Bank Mandiri 7,691,092 2,392 Bank Rakyat Indonesia 3,792,500 2,341 Gudang Garam 764,070 939 HM Sampoerna(B) 695,500 634 Indofood Sukses Makmur 3,888,000 720 Kalbe Farma 2,680,300 265 Semen Gresik Persero 458,000 220 Telekomunikasi Indonesia 4,828,100 3,547 Unilever Indonesia 325,500 295 United Tractors 314,000 306 ------------- 13,565 ------------- ISRAEL -- 2.2% Bank Hapoalim* 186,380 497 Bank Leumi Le-Israel 234,349 619 Bezeq Israeli Telecommunication 1,265,925 2,344 Check Point Software Technologies* 14,200 333 Delek Automotive Systems 13,140 107 Discount Investment 18,000 328 First International Bank of Israel* 51,020 476 Israel Chemicals 50,946 507 Israel Discount Bank, Cl A 532,864 700 Makhteshim-Agan Industries 76,735 382 Migdal Insurance & Financial Holding* 25,166 36 Mizrahi Tefahot Bank* 92,000 551 Partner Communications 38,041 650 Teva Pharmaceutical Industries ADR 83,846 4,137 Teva Pharmaceutical Industries 112,166 5,494 Union Bank of Israel* 21,090 65 ------------- 17,226 ------------- JERSEY -- 0.0% Randgold Resources 2,975 192 ------------- KAZAKHSTAN -- 0.2% KazMunaiGas Exploration Production GDR 83,682 1,590 ------------- MALAYSIA -- 2.4% Berjaya Sports Toto 267,844 385 BIMB Holdings 36,000 10 British American Tobacco Malaysia 58,600 746 Bumiputra-Commerce Holdings 1,014,400 2,612 DRB-Hicom 350,000 104 Gamuda 1,132,300 892 Genting 417,140 670
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 3
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Genting Malaysia 3,757,440 $ 2,886 Hong Leong Bank 560,411 909 Hong Leong Financial Group 10,000 14 JT International 20,000 25 KLCC Property Holdings 97,600 91 Malayan Banking 1,851,067 3,107 Malaysian Bulk Carriers 349,191 304 Multi-Purpose Holdings 337,000 134 PPB Group 202,000 667 Public Bank 243,253 626 Sime Darby 655,200 1,295 Tenaga Nasional 1,331,835 2,899 UMW Holdings 389,851 660 ------------- 19,036 ------------- MEXICO -- 4.2% Alfa, Cl A 147,386 415 America Movil, Ser L 2,395,571 4,647 America Movil ADR, Ser L 172,576 6,682 Banco Compartamos 153,685 495 Bolsa Mexicana de Valores* 277,633 254 Cemex* 354,153 331 Coca-Cola Femsa ADR 8,890 357 Coca-Cola Femsa 98,600 396 Consorcio ARA* 960,600 418 Desarrolladora Homex ADR*(A) 48,143 1,343 Embotelladoras Arca 595,309 1,401 Fomento Economico Mexicano 356,632 1,150 Fomento Economico Mexicano ADR 23,546 759 Gruma, Cl B* 249,216 265 Grupo Carso, Ser A1 28,907 78 Grupo Casa Saba ADR* 4,500 83 Grupo Continental(B) 529,300 922 Grupo Financiero Banorte, Cl O 1,037,396 2,513 Grupo Mexico, Ser B 1,316,735 1,440 Grupo Modelo 201,900 721 Grupo Televisa 328,395 1,116 Grupo Televisa ADR 99,000 1,683 Industrias, Cl B* 79,200 242 Kimberly-Clark de Mexico, Cl A 278,900 1,064 Megacable Holdings* 73,000 102 Telefonos de Mexico 954,000 779 Urbi Desarrollos Urbanos* 1,757,820 2,670 Wal-Mart de Mexico, Ser V(A) 205,100 608 ------------- 32,934 ------------- NETHERLANDS -- 0.1% Plaza Centers 449,864 574 ------------- PANAMA -- 0.3% Copa Holdings, Cl A 47,778 1,950 ------------- PERU -- 0.3% Cia de Minas Buenaventura ADR 17,229 414 Credicorp 37,859 2,203 ------------- 2,617 ------------- PHILIPPINES -- 0.5% ABS-CBN Broadcasting(B) 464,900 210
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Bank of the Philippine Islands 437,171 $ 382 Globe Telecom 1,376 27 Metropolitan Bank & Trust 161,800 106 Philippine Long Distance Telephone ADR 29,272 1,455 Philippine Long Distance Telephone 26,100 1,299 SM Investments 20,660 131 Union Bank of Philippines(B) 446,600 220 ------------- 3,830 ------------- POLAND -- 0.7% Asseco Poland 36,692 628 Bank BPH* 9,284 117 Bank Pekao 7,490 269 Cyfrowy Polsat 121,890 588 Gant Development* 6,000 39 Getin Holding* 50,000 99 KGHM Polska Miedz 4,918 126 Polski Koncern Naftowy Orlen 130,142 1,078 Powszechna Kasa Oszczednosci Bank Polski 57,677 462 Telekomunikacja Polska 368,070 1,777 ------------- 5,183 ------------- RUSSIA -- 5.6% Comstar United Telesystems GDR 218,278 939 Evraz Group GDR 2,195 42 Globaltrans Investment GDR* 121,312 485 LUKOIL ADR 228,939 10,233 MMC Norilsk Nickel ADR 249,228 2,293 Mobile Telesystems ADR 105,075 3,880 Novolipetsk Steel GDR 43,193 885 OAO Gazprom ADR 767,834 15,549 Pharmstandard GDR* 33,038 499 Rosneft Oil GDR 413,610 2,254 Sberbank GDR 9,311 2,051 Surgutneftegaz ADR 152,598 1,053 Tatneft ADR 55,421 1,358 TMK OAO GDR 1,069 11 Uralkali GDR(B) 62,244 1,002 Uralsvyazinform ADR(B) 43,522 113 X5 Retail Group GDR* 46,136 704 ------------- 43,351 ------------- SOUTH AFRICA -- 7.1% ABSA Group 129,443 1,844 African Bank Investments 353,391 1,271 Anglo Platinum 13,490 953 AngloGold Ashanti ADR 51,609 1,890 AngloGold Ashanti 44,728 1,639 ArcelorMittal South Africa 114,760 1,419 Assore(B) 5,200 323 Aveng 238,801 1,082 Barloworld 153,560 772 Bidvest Group 91,351 1,144 DataTec(B) 45,000 103 FirstRand 1,718,618 3,129 Gold Fields ADR 39,510 476 Gold Fields 271,744 3,291 Grindrod 453,355 834 Harmony Gold Mining*(A) 155,431 1,610
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 4 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund June 30, 2009
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Hosken Consolidated Investments 12,635 $ 75 Impala Platinum Holdings 133,033 2,936 Imperial Holdings 63,121 477 Investec 90,968 500 JD Group 134,810 706 Liberty Holdings 12,632 98 Medi-Clinic 94,478 236 Metropolitan Holdings 528,524 797 Mondi(A) 139,949 614 Mr Price Group 138,736 505 MTN Group 388,070 5,945 Nampak 589,602 1,111 Naspers, Cl N 44,029 1,157 Nedbank Group 193,348 2,455 Remgro 81,367 781 Reunert 116,711 659 Sanlam 1,208,447 2,704 Sappi 624,053 1,834 Sasol 96,861 3,386 Sasol ADR 9,070 316 Shoprite Holdings 198,869 1,416 Standard Bank Group 271,204 3,115 Steinhoff International Holdings 300,000 521 Telkom 112,230 552 Tiger Brands 34,642 646 Wilson Bayly Holmes-Ovcon 11,670 161 Woolworths Holdings 59,575 100 ------------- 55,583 ------------- SOUTH KOREA -- 11.5% Daewoo Securities 6,050 90 Daewoo Shipbuilding & Marine Engineering 74,810 1,174 Daishin Securities 610 7 Dongbu Insurance 32,129 661 Dongwon Industries 723 54 Doosan 3,680 257 GS Engineering & Construction 17,730 1,030 GS Holdings 23,320 547 GS Home Shopping 2,390 122 Hanwha Chemical 35,601 292 Hyundai Department Store 10,925 768 Hyundai Development 45,350 1,436 Hyundai Engineering & Construction 10,280 431 Hyundai Heavy Industries 14,823 2,217 Hyundai Mipo Dockyard 5,720 568 Hyundai Mobis 22,778 1,994 Hyundai Motor 37,704 2,193 Kangwon Land 142,540 1,824 KB Financial Group 64,160 2,156 KISWIRE 3,461 121 Korea Development Financing 1,930 47 Korea Electric Power 137,990 3,212 Korea Express* 2,500 160 Korea Investment Holdings 5,710 165 Korea Zinc 9,092 988 KT ADR 80,800 1,160 KT 64,160 1,851 KT&G 38,116 2,154 LG Chemical 69,603 4,689 LG Electronics 60,377 5,545
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- LG Philips LCD 93,950 $ 2,345 Lotte Confectionery 166 130 Lotte Shopping 11,186 2,301 MegaStudy 5,492 992 Namyang Dairy Products 196 75 Pacific 3,350 308 POSCO ADR 5,290 437 POSCO 19,714 6,554 Samsung Electronics 46,861 21,776 Samsung Fire & Marine Insurance 18,589 2,743 Samsung Heavy Industries 38,500 876 SeAH Holdings 66 3 Shinhan Financial Group 154,650 3,915 Shinsegae 6,951 2,755 SK Holdings 17,341 1,450 SK Telecom 20,633 2,818 SK Telecom ADR 103,160 1,563 S-Oil 13,437 600 Woori Investment & Securities 38,790 457 Youngone(C) 17,540 158 ------------- 90,169 ------------- SWEDEN -- 0.1% Alliance Oil GDR*(A) 83,917 948 ------------- TAIWAN -- 10.6% Ability Enterprise 323,376 396 Acer 1,377,786 2,398 Advanced Semiconductor Engineering 4,422,404 2,554 Asia Optical 66,000 114 Asustek Computer 694,453 902 AU Optronics 2,008,247 1,959 Cathay Financial Holding 1,155,200 1,709 Chi Mei Optoelectronics 76,000 40 China Bills Finance* 597,000 182 China Steel 833,000 716 Chinatrust Financial Holding 7,664,301 4,625 Chunghwa Telecom 1,482,525 2,960 Compal Electronics 4,810,230 3,907 CTCI 229,396 203 Far Eastern Textile 1,914,979 2,218 Far EasTone Telecommunications 538,000 631 First Financial Holding 1,105,554 660 Formosa Plastics 514,000 917 Gigabyte Technology 222,000 130 HannStar Display 969,145 196 High Tech Computer 186,800 2,642 HON HAI Precision Industry 3,190,935 9,871 Inventec 684,000 395 KGI Securities 579,000 265 Kinpo Electronics 518,000 111 Lite-On Technology 892,122 775 Macronix International 1,328,000 603 MediaTek 453,065 5,413 Mega Financial Holding 3,773,000 1,736 Nan Ya Plastics 168,000 218 Nan Ya Printed Circuit Board 338,203 912 Nien Hsing Textile 366,000 128 Quanta Computer 2,103,145 3,397 Siliconware Precision Industries 916,002 1,062
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 5
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- SinoPac Financial Holdings 4,673,230 $ 1,638 Taishin Financial Holding 1,639,000 614 Taiwan Cement 62,000 59 Taiwan Cooperative Bank 1,840,850 1,060 Taiwan Fertilizer 1,019,000 3,025 Taiwan Semiconductor Manufacturing 7,071,436 11,789 Taiwan Semiconductor Manufacturing ADR 189,141 1,780 United Microelectronics 9,737,312 3,265 Universal Scientific Industrial 278,000 100 Wistron 612,000 1,017 Yageo 2,647,440 535 Yuanta Financial Holding 3,235,000 2,179 Yulon Motor 389,000 370 ------------- 82,376 ------------- THAILAND -- 3.0% Advanced Info Service 276,400 734 Bangkok Bank 534,794 1,730 Bangkok Bank NVDR 588,700 1,866 Bumrungrad Hospital 843,850 644 Charoen Pokphand Foods 5,956,600 836 Electricity Generating 66,334 145 Kasikornbank 1,237,100 2,632 Krung Thai Bank 5,133,300 1,318 PTT 604,344 4,151 PTT Exploration & Production 224,619 880 PTT NVDR 14,900 102 Ratchaburi Electricity Generating Holding 35,600 40 Siam Cement 431,800 2,002 Siam Commercial Bank 2,166,188 4,726 Thai Airways International* 315,680 132 Thai Beverage 412,000 61 Thai Union Frozen Products 613,100 426 Thanachart Capital 457,000 184 Total Access Communication 502,600 455 Total Access Communication NVDR 512,600 493 ------------- 23,557 ------------- TURKEY -- 2.0% Akbank 25,000 112 Anadolu Efes Biracilik Ve Malt Sanayii 80,993 733 Cimsa Cimento Sanayi VE Tica 204,171 537 Eczacibasi Ilac Sanayi 175,000 161 Haci Omer Sabanci Holding 219,556 592 KOC Holding* 230,000 398 Petrol Ofisi* 51,450 172 Tekfen Holding* 284,550 656 Tupras Turkiye Petrol Rafine 271,129 3,318 Turk Hava Yollari 1,104,238 1,668 Turk Sise ve Cam Fabrikalari 1,022,232 838 Turkcell Iletisim Hizmet 270,358 1,505 Turkcell Iletisim Hizmet ADR 57,600 798 Turkiye Garanti Bankasi 518,031 1,403 Turkiye Is Bankasi, Cl C 395,396 1,168 Turkiye Sinai Kalkinma Bankasi* 1,241,035 727 Turkiye Vakiflar Bankasi Tao, Cl D 314,240 477
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- Yapi ve Kredi Bankasi* 120,000 $ 178 ------------- 15,441 ------------- UNITED KINGDOM -- 0.4% Anglo American 60,515 1,758 BHP Billiton 48,634 1,102 JKX Oil & Gas 101,910 345 ------------- 3,205 ------------- Total Common Stock (Cost $686,216) ($ Thousands) 685,643 ------------- PREFERRED STOCK -- 8.0% BRAZIL -- 8.0% Banco Bradesco 89,700 1,318 Banco Daycoval 25,700 93 Bradespar 39,721 517 Brasil Telecom 90,261 592 Brasil Telecom Participacoes 89,418 689 Braskem* 224,600 822 Centrais Eletricas Brasileiras 136,432 1,768 Centrais Eletricas de Santa Catarina 13,400 219 Cia de Bebidas das Americas ADR 1,780 115 Cia de Bebidas das Americas 29,000 1,873 Cia de Tecidos do Norte de Minas - Coteminas 175,532 430 Cia Energetica de Minas Gerais 120,801 1,621 Cia Paranaense de Energia 83,363 1,170 Confab Industrial 132,700 322 Construtora Sultepa 600 2 Duratex 8,900 98 Eletropaulo Metropolitana Eletricidade de Sao Paulo 129,138 2,266 Ferbasa-Ferro Ligas DA Bahia 25,200 104 Fertilizantes Fosfatados 119,741 922 Gerdau 27,100 284 Investimentos Itau 1,034,069 4,554 Itau Unibanco Holding 265,091 4,178 Lojas Americanas 137,748 640 Marcopolo 245,400 557 Metalurgica Gerdau, Cl A 61,599 806 NET Servicos de Comunicacao* 272,800 2,659 Parana Banco 16,600 60 Petroleo Brasileiro 660,642 10,976 Petroleo Brasileiro Sponsored ADR, Cl A 384,210 12,817 Randon Participacoes 121,600 587 Telecomunicacoes de Sao Paulo 67,166 1,504 Telemar Norte Leste 59,262 1,642 Tim Participacoes 364,200 632 Ultrapar Participacoes 17,000 536 Universo Online 20,000 73 Vale, Cl A 338,631 5,201 Vivo Participacoes 5,076 96 ------------- Total Preferred Stock (Cost $53,586) ($ Thousands) 62,743 -------------
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 6 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Equity Fund June 30, 2009
Shares/Face Amount (1) Market Value Description ($ Thousands) ($ Thousands) ----------- -------------- ------------- EXCHANGE TRADED FUNDS -- 0.8% UNITED STATES -- 0.8% iShares MSCI Emerging Markets Index Fund 176,985 $ 5,704 Vanguard Emerging Markets ETF 21,913 698 ------------- 6,402 ------------- Total Exchange Traded Funds (Cost $5,989)($ Thousands) 6,402 -------------
Number Of Warrants -------------- EQUITY-LINKED WARRANTS -- 0.1% GERMANY -- 0.1% Sberbank, Expires 02/28/18 * 112,700 142 Sberbank, Expires 02/23/10 * 270,000 342 ------------- 484 ------------- UNITED ARAB EMIRATES -- 0.0% Air Arabia, Expires 08/13/10 * 769,900 197 Dana Gas PJSC, Expires 12/06/10 * 324,300 94 ------------- 291 ------------- Total Equity-Linked Warrants (Cost $391) ($ Thousands) 775 -------------
Number Of Rights -------------- RIGHTS -- 0.0% BRAZIL -- 0.0% Abyara Planejamento, Expires 07/08/09* 6 1 ------------- HONG KONG -- 0.0% China Resources Power, Expires 07/13/09*(A) 67 28 ------------- Total Rights (Cost $1) ($ Thousands) 29 ------------- DEBENTURE BOND -- 0.0% BRAZIL -- 0.0% Vale, Ser 1997 0.000%, 09/30/49(E) $ 8 -- ------------- Total Debenture Bond (Cost $0) ($ Thousands) -- ------------- CASH EQUIVALENT -- 1.2% UNITED STATES -- 1.2% SEI Daily Income Trust, Prime Obligation Fund, Cl A, 0.270%+** 9,430,027 9,430 ------------- Total Cash Equivalent (Cost $9,430) ($ Thousands) 9,430 -------------
Market Value Description Shares ($ Thousands) ----------- -------------- ------------- AFFILIATED PARTNERSHIP -- 2.3% UNITED STATES -- 2.3% SEI Liquidity Fund, L.P., 0.700%+**(F) 18,741,322 17,808 ------------- Total Affiliated Partnership (Cost $18,741) ($ Thousands) $ 17,808 ------------- Total Investments -- 100.2% (Cost $774,354) ($ Thousands)ss $ 782,830 =============
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 7 The following is a summary of the inputs used as of June 30, 2009 in valuing the Fund's investments carried at value ($ Thousands):
Level 1 Level 2 Level 3 Total -------- ------- ------- -------- Investments in Securities Common Stock $685,478 $ -- $165 $685,643 Preferred Stock 62,743 -- -- 62,743 Exchange Traded Funds 6,402 -- -- 6,402 Equity-Linked Warrants -- 775 -- 775 Debenture Bond -- -- -- -- Rights 29 -- -- 29 Cash Equivalent 9,430 -- -- 9,430 Affiliated Partnership -- 17,808 -- 17,808 -------- ------- ---- -------- Total Investments in Securities $764,082 $18,583 $165 $782,830 ======== ======= ==== ========
Common Stock ------------ Beginning balance as of October 1, 2008 $ -- Accrued discounts/premiums -- Realized gain/(loss) -- Change in unrealized appreciation/(depreciation) -- Net purchases/sales -- Net transfer in and/or out of Level 3 165 ---- Ending balance as of June 30, 2009 $165 ====
Percentages are based on a Net Assets of $781,289($ Thousands). * Non-income producing security ** Rate shown is the 7-day effective yield as of June 30, 2009. + Affiliated security (A) This security or a partial position of this security is on loan at June 30, 2009. The total market value of securities on loan at June 30, 2009 was$17,273 ($ Thousands). (B) Securities considered illiquid. The total market value of such securities as of June 30, 2009 was $3,533 ($ Thousands) and represented 0.5% of Net Assets. (C) 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 June 30, 2009 was $164 ($ Thousands) and represented 0.0% 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 June 30, 2009. (F) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of June 30, 2009 was $17,808 ($ Thousands). (G) 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. ss At June 30, 2009, the tax basis cost of the Fund's investments was $774,354 ($ Thousands), and the unrealized appreciation and depreciation were $95,415 ($ Thousands) and ($86,939)($ Thousands) respectively. ADR -- American Depositary Receipt BDR -- Brazilian Depositary Receipt Cl -- Class GDR -- Global Depositary Receipt L.P. -- Limited Partnership NVDR -- Non-Voting Depositary Receipt Ser -- Series Amounts designated as "--" are $O or have been rounded to $O. For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual and annual financial statements. SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 8 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2009
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- GLOBAL BONDS -- 73.0% AUSTRALIA -- 1.0% BHP Billiton Finance MTN 4.750%, 04/04/12 119 $ 173 Commonwealth Bank of Australia MTN 5.875%, 07/29/11 273 407 1.410%, 03/17/15(A)(B) 100 128 Fairfax Med 5.250%, 06/15/12 250 270 Macquarie Bank, Ser E MTN 5.500%, 09/19/16(A) GBP 336 413 National Australia Bank MTN 5.375%, 12/08/14 150 244 New South Wales Treasury 6.000%, 04/01/19 300 236 5.250%, 05/01/13 980 785 Queensland Treasury 6.000%, 09/14/17 1,630 1,302 Rio Tinto Finance USA 5.875%, 07/15/13 795 800 Westpac Banking MTN 4.250%, 01/25/12 300 429 ------------- 5,187 ------------- AUSTRIA -- 0.1% Telekom Finanzmanagement MTN 5.000%, 07/22/13 401 578 ------------- BELGIUM -- 1.6% Dexia Funding 4.892%, 11/30/49(A) 336 160 Fortis Bank 4.625%, 10/24/49(A) 200 154 Inbev 8.625%, 01/30/17 200 325 Kingdom of Belgium, Ser 31 5.500%, 03/28/28 2,872 4,525 Kingdom of Belgium, Ser 48 4.000%, 03/28/22 2,100 2,892 ------------- 8,056 ------------- BRAZIL -- 0.3% Federal Republic of Brazil 12.500%, 01/05/16 1,700 963 10.250%, 01/10/28 1,010 511 Vale Overseas 6.875%, 11/21/36 301 286 ------------- 1,760 ------------- CANADA -- 3.2% Bell Canada MTN 5.000%, 02/15/17 270 229 Canadian Natural Resources 5.150%, 02/01/13 175 178 Canadian Pacific Railway 6.500%, 05/15/18 99 98
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Export Development Canada 2.375%, 03/19/12 800 $ 807 Government of Canada 5.000%, 06/01/37 5,200 5,344 4.000%, 06/01/16 980 902 Province of Ontario Canada 4.750%, 06/02/13 2,980 2,751 4.200%, 03/08/18 1,950 1,695 4.100%, 06/16/14 550 561 Province of Quebec Canada 5.250%, 10/01/13 2,774 2,609 Royal Bank of Canada MTN 4.625%, 01/22/18 252 347 Teck Resources 9.750%, 05/15/14(C) 95 98 Xstrata Finance Canada MTN 5.250%, 06/13/17 200 240 YPG Holdings MTN 5.250%, 02/15/16 665 509 ------------- 16,368 ------------- CHILE -- 0.1% Nacional del Cobre de Chile - CODELCO 6.150%, 10/24/36(C) 640 626 ------------- DENMARK -- 0.9% Carlsgerg Breweries 7.250%, 11/28/16 150 254 Danica Pension 4.350%, 10/29/49(A) 755 674 Danske Bank MTN 4.875%, 06/11/13 150 220 Dong Energy MTN 4.875%, 05/07/14 100 145 Kingdom of Denmark MTN 4.000%, 11/15/17 4,450 860 3.125%, 03/17/14 500 702 Nykredit 4.858%, 10/01/38(A) 9,042 1,583 ------------- 4,438 ------------- FRANCE -- 5.9% AXA, Ser E MTN 5.777%, 07/29/49(A) 1,100 953 BNP Paribas Home Loan Covered Bonds MTN 4.750%, 05/28/13 100 146 BNP Paribas Public Sector SCF MTN 3.625%, 06/16/14 500 703 BNP Paribas, Ser E 8.667%, 09/29/49(A) 100 123 Caisse Nationale des Caisses d'Epargne et de Prevoyance, Ser E MTN 6.117%, 10/29/49(A) 100 72 Caisse Refinancement de l'Habitat 4.250%, 10/25/14 332 471 Cie de Saint-Gobain MTN 6.000%, 05/20/13 50 73
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 1
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- CIE Financement Foncier 4.625%, 09/23/17(B) 1,495 $ 2,116 Compagnie de Financement Foncier MTN 4.500%, 01/09/13 290 423 3.750%, 01/24/17 189 255 Compagnie De St Gobain, Ser E MTN 1.695%, 04/11/12(A) 350 438 Credit Agricole MTN 5.875%, 06/11/19 150 221 Credit Logement MTN 4.604%, 03/29/49(A)(B) 350 219 1.877%, 12/15/49(A)(B) 150 96 Dexia Credit Local 2.375%, 09/23/11(C) 500 503 EDF MTN 6.875%, 12/12/22 300 562 6.125%, 06/02/34 100 169 France Telecom MTN 5.000%, 05/12/16 200 326 GDF Suez MTN 6.375%, 01/18/21 350 561 Government of France 4.750%, 04/25/35 2,465 3,650 4.250%, 04/25/19 4,670 6,823 3.750%, 04/25/21 2,300 3,160 3.500%, 04/25/15 1,750 2,523 HSBC France MTN 4.875%, 01/15/14 250 364 Lafarge MTN 8.750%, 05/30/17 250 408 7.625%, 05/27/14 200 293 6.150%, 07/15/11 800 809 Natixis 6.307%, 10/29/49(A) 150 80 Natixis, Ser E MTN 1.656%, 01/26/17(A) 300 268 Societe Financement de l'Economie Francaise 3.375%, 05/05/14(C) 905 907 Societe Generale Societe de Credit Fonciere MTN 4.000%, 07/07/16 650 908 Societe Generale, Ser E MTN 1.435%, 06/07/17(A) 200 235 TPSA Eurofinance France MTN 6.000%, 05/22/14 150 219 Veolia Environnement, Ser E 6.125%, 10/29/37 GBP 200 319 5.250%, 06/03/13 585 605 ------------- 30,001 ------------- GERMANY -- 8.3% Bayer MTN 5.000%, 07/29/05(A) 218 258 Bayer, Ser E MTN 5.625%, 05/23/18 GBP 150 251 Bundesobligation, Ser 149 3.500%, 10/14/11 100 147
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Bundesrepublik Deutschland 5.000%, 07/04/12 90 $ 137 4.750%, 07/04/40 5,575 8,560 4.250%, 07/04/14 950 1,437 4.250%, 01/04/14 1,425 2,149 4.000%, 01/04/18 1,260 1,865 3.500%, 07/04/19 5,790 8,200 Bundesrepublik Deutschland, Ser 03 4.750%, 07/04/34 2,460 3,675 Bundesrepublik Deutschland, Ser 07 4.250%, 07/04/39 3,310 4,689 Bundesschatzanweisungen 1.500%, 06/10/11 2,400 3,375 Commerzbank 5.000%, 02/06/14 250 362 Commerzbank, Ser E MTN 4.125%, 09/12/16(A) 400 399 Deutsche Bank 4.875%, 05/20/13 381 391 Deutsche Boerse 7.500%, 06/13/38(A) 250 313 Dexia Kommunalbank Deutschland 3.500%, 06/05/14 390 551 KFW 4.700%, 06/02/37 CAD 2,080 1,592 3.875%, 01/21/19 325 450 3.500%, 03/10/14(D) 1,675 1,706 1.350%, 01/20/14 JPY 175,000 1,819 ------------- 42,326 ------------- GREECE -- 0.5% Hellenic Republic Government Bond 4.600%, 09/20/40 2,000 2,341 ------------- HUNGARY -- 0.3% Government of Hungary 6.750%, 02/24/17 175,000 748 6.750%, 11/24/17 175,000 741 ------------- 1,489 ------------- INDONESIA -- 0.2% Republic of Indonesia MTN 11.625%, 03/04/19(C) 672 851 ------------- IRELAND -- 0.9% Allied Irish Banks MTN 5.250%, 03/10/25(A) 220 181 Ardagh Glass Group PIK 10.750%, 03/01/15 308 199 Bord Gais Eireann MTN 5.750%, 06/16/14 250 358 Depfa ACS Bank MTN 4.250%, 12/15/09(B) 210 292 GE Capital European Funding, Ser E MTN 4.375%, 03/30/11 400 570
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 2 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2009
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- GE Capital UK Funding, Ser E MTN 5.125%, 03/03/15 GBP 910 $ 1,397 Hypo Real Estate International Trust I 5.864%, 06/29/49(B) 150 21 Ireland Government Bond 5.900%, 10/18/19 410 582 TransCapit (Transneft) Registered 7.700%, 08/07/13 1,124 1,085 UT2 Funding 5.321%, 06/30/16(B) 390 120 ------------- 4,805 ------------- ITALY -- 3.5% Banca Italease, Ser E MTN 4.213%, 02/02/10(A) 150 201 Banca Popolare di Milano 9.000%, 06/29/49(A) 150 168 Banco Popolare Scarl, Ser E MTN 1.684%, 02/08/17(A) 550 610 Buoni Poliennali Del Tesoro 5.750%, 02/01/33 4,170 6,205 Exor 5.375%, 06/12/17 200 224 Intesa Sanpaolo, Ser E MTN 6.375%, 11/12/17(A) GBP 300 456 Italy Buoni Poliennali Del Tesoro 4.250%, 09/01/19 390 541 3.500%, 06/01/14 2,900 4,110 SanPaolo IMI, Ser E MTN 6.375%, 04/06/10 2,150 3,076 Telecom Italia MTN 8.250%, 03/21/16 250 396 6.750%, 03/21/13 150 224 Unicredito Italiano, Ser E MTN 4.500%, 09/22/19 1,300 1,746 ------------- 17,957 ------------- JAPAN -- 13.7% Aiful 6.000%, 12/12/11(C) 534 262 East Japan Railway, Ser E MTN 4.750%, 12/08/31 GBP 350 523 Fukoku Mutual Life Insurance 4.500%, 09/28/25(A) EUR 500 387 Government of Japan 10 Year Bond 1.700%, 09/20/17 1,159,950 12,567 1.700%, 12/20/16 103,800 1,129 1.500%, 06/20/19 535,300 5,615 Government of Japan 10 Year Bond, Ser 296 1.500%, 09/20/18 362,000 3,828 Government of Japan 15 Year Bond, Ser 35 0.330%, 07/20/20(A) 240,500 2,337 Government of Japan 15 Year Bond, Ser 39 1.220%, 03/20/21 149,000 1,534
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Government of Japan 20 Year Bond, Ser 48 2.500%, 12/21/20 350,450 $ 3,991 Government of Japan 20 Year Bond, Ser 99 2.100%, 12/20/27 1,075,900 11,323 Government of Japan CPI Linked Bond 1.000%, 06/10/16 175,740 1,599 Government of Japan CPI Linked Bond, Ser 10 1.100%, 12/10/16 990,000 9,059 Government of Japan CPI Linked Bond, Ser 13 1.300%, 09/10/17 111,600 1,020 Government of Japan CPI Linked Bond, Ser 14 1.200%, 12/10/17 100,400 906 Government of Japan CPI Linked Bond, Ser 15 1.400%, 03/10/18 93,113 852 Government of Japan CPI Linked Bond, Ser 5 0.800%, 09/10/15 502,467 4,617 Japan Finance for Municipal Enterprises 2.000%, 05/09/16 540,000 5,822 Resona Bank MTN 4.125%, 09/27/12(A) EUR 1,000 982 Sumitomo Mitsui Banking MTN 4.375%, 10/27/14(A) EUR 830 1,150 4.375%, 10/15/15(A) EUR 460 474 ------------- 69,977 ------------- MEXICO -- 0.2% Mexican Bonos, Ser MI10 9.000%, 12/20/12 10,000 816 ------------- NETHERLANDS -- 4.5% Adecco International Financial Services 4.500%, 04/25/13 500 685 Aegon 4.750%, 06/01/13 250 226 Allianz Finance II 6.125%, 05/31/22(A) 1,000 1,353 ArcelorMittal 8.250%, 06/03/13 150 220 5.375%, 06/01/13(C) 800 765 Bayer Capital BV MTN 4.625%, 09/26/14 614 889 BMW Finance, Ser E MTN 5.000%, 08/06/18 133 186 Boats Investments, Ser E MTN 11.000%, 03/31/17 310 157 CRH Finance BV MTN 7.375%, 05/28/14 580 827 Deutsche Telekom International Finance BV MTN 6.500%, 04/08/22 680 1,135
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 3
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- E.ON International Finance BV MTN 6.750%, 01/27/39 200 $ 361 Eureko 5.125%, 06/24/15(A) 650 365 Eureko BV MTN 7.375%, 06/16/14 340 496 Generali Finance 5.479%, 02/28/49(A) 450 454 Government of Netherlands 7.500%, 01/15/23 2,228 4,211 4.000%, 07/15/16 1,700 2,480 Iberdrola International, Ser E MTN 4.875%, 02/18/13 800 1,170 ING Bank MTN 4.750%, 05/27/19 800 1,133 ING Bank, Ser E MTN 4.176%, 06/29/49(A) 382 262 ING Verzekeringen 6.250%, 06/21/21(A) 1,000 1,024 6.250%, 06/21/21(A) 310 317 Linde Finance 7.375%, 07/14/66(A) 300 368 Rabobank Nederland MTN 5.875%, 05/20/19 550 807 Rabobank Nederland, Ser E MTN 4.125%, 04/04/12 1,250 1,825 RWE Finance BV MTN 6.625%, 01/31/19 150 240 6.125%, 07/06/39 250 423 5.000%, 02/10/15 150 221 Siemens Financieringsmat 6.125%, 09/14/66(A) GBP 275 373 Volkswagen 5.625%, 02/09/12 250 366 ------------- 23,339 ------------- NEW ZEALAND -- 0.1% ANZ National International 6.200%, 07/19/13 450 464 ------------- NORWAY -- 0.7% DDI Holding 10.000%, 03/15/12(B) 2,000 140 DnB Bank MTN 4.500%, 05/29/14 200 278 Eksportfinans MTN 4.375%, 09/20/10 EUR 1,815 2,615 MPU Offshore Lift 11.285%, 12/22/11(B)(E) 1,500 5 Petrojack 8.450%, 05/30/12(A)(B) 1,100 43 Petrolia Drilling 12.000%, 06/20/12(B) 1,000 43 Sevan Drilling 7.410%, 12/07/12(A) 2,000 217 ------------- 3,341 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- PERU -- 0.2% Republic of Peru 9.875%, 02/06/15 625 $ 764 8.375%, 05/03/16 255 294 ------------- 1,058 ------------- POLAND -- 0.1% Republic of Poland 5.500%, 10/25/19 2,535 744 ------------- PORTUGAL -- 0.1% Banco Espirito Santo MTN 5.625%, 06/05/14 300 431 ------------- QATAR -- 0.2% Government of Qatar 5.150%, 04/09/14(C) 750 751 ------------- RUSSIA -- 0.7% Gaz Capital 6.212%, 11/22/16(C) 230 193 Gaz Capital (Gazprom), Ser E MTN 6.580%, 10/31/13 GBP 150 212 Gazprom OAO 9.625%, 03/01/13 470 482 RS Finance (RSB) 6.825%, 09/16/09 EUR 300 434 RSHB Capital 7.750%, 05/29/18(C) 1,712 1,541 Steel Capital (Severstal) 9.750%, 07/29/13(B)(C) 540 443 ------------- 3,305 ------------- SAUDI ARABIA -- 0.0% Dar Al-Arkan International 3.372%, 07/16/12(A) 275 198 ------------- SOUTH AFRICA -- 0.8% Foodcorp Registered 8.875%, 06/15/12 EUR 330 384 Republic of South Africa 13.000%, 08/31/10 25,000 3,440 ------------- 3,824 ------------- SPAIN -- 0.8% Banco Santander 3.875%, 05/27/14 400 562 Government of Spain 4.600%, 07/30/19 935 1,361 3.800%, 01/31/17 955 1,348 Mapfre 5.921%, 07/24/37(A) 500 444 Santander Issuances, Ser E MTN 1.781%, 07/25/17(A) 250 292
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 4 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2009
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Telefonica Emisiones SAU MTN 5.431%, 02/03/14 200 $ 296 ------------- 4,303 ------------- SUPRA-NATIONAL -- 4.8% European Investment Bank MTN 6.000%, 08/14/13 AUD 700 569 3.500%, 04/15/16 2,525 3,512 1.400%, 06/20/17 JPY 1,933,000 19,744 WT Finance 3.625%, 06/27/12(B) EUR 450 564 ------------- 24,389 ------------- SWEDEN -- 1.1% Kingdom of Sweden 4.500%, 08/12/15 21,900 3,061 Kingdom of Sweden, Ser 1046 5.500%, 10/08/12 9,550 1,364 Stadshypotek MTN 3.750%, 12/12/13 150 211 Svenska Handelsbanken 5.500%, 05/26/16 350 571 Svenska Handelsbanken, Ser E MTN 1.610%, 10/19/17(A) EUR 500 564 ------------- 5,771 ------------- SWITZERLAND -- 0.7% ELM 6.500%, 04/02/13 300 445 UBS 6.625%, 04/11/18 GBP 150 258 6.250%, 09/03/13 EUR 200 294 5.875%, 12/20/17 800 745 5.625%, 05/19/14 700 1,011 1.416%, 11/17/15(A) EUR 784 870 ------------- 3,623 ------------- UNITED ARAB EMIRATES -- 0.5% Emirate of Abu Dhabi 5.500%, 08/02/12(C) 1,500 1,552 National Bank of Abu Dhabi, Ser E MTN 5.875%, 02/27/12 GBP 550 904 ------------- 2,456 ------------- UNITED KINGDOM -- 9.2% 3I Group 1.460%, 06/08/12 350 390 Abbey National 7.125%, 09/29/49(A) 300 362 Abbey National Treasury Services 5.375%, 12/30/09 389 647 Abbey National Treasury Services, Ser E MTN 4.250%, 04/12/21 1,350 1,699 AIB UK 1 4.781%, 12/17/49(A) 194 103 Anglian Water Services Financing, Ser A5 MTN 6.293%, 07/30/30 500 788
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Anglian Water Services Financing, Ser E MTN 5.250%, 10/30/15 280 $ 466 4.625%, 10/07/13 1,450 2,040 Bank of Scotland, Ser E MTN 4.750%, 06/08/22 1,275 1,541 Barclays Bank MTN 14.000%, 06/15/19(A) 100 187 10.000%, 05/21/21 304 589 Barclays Bank, Ser E MTN 6.750%, 01/16/23(A) 350 525 6.000%, 01/23/18 271 364 BAT International Finance MTN 5.875%, 03/12/15 200 299 British Telecommunications 5.750%, 12/07/28 111 132 Brixton 5.250%, 10/21/15(F) 280 299 Centrica MTN 7.125%, 12/09/13 275 428 7.000%, 09/19/33 100 181 Centrica, Ser E MTN 7.000%, 09/19/33 200 358 Chester Asset Receivables, Ser A 6.125%, 10/15/10 EUR 2,160 2,980 GlaxoSmithKline Capital MTN 3.875%, 07/06/15 500 697 Group 4 Securicor 7.750%, 05/13/19 100 174 Hammerson 5.250%, 12/15/16(F) 280 346 HBOS, Ser E MTN 5.125%, 10/29/49(A)(B) EUR 386 249 Holcim GB Finance MTN 8.750%, 04/24/17 250 435 HSBC Holdings MTN 6.500%, 05/20/24 250 427 6.000%, 06/10/19 350 491 Imperial Tobacco Finance MTN 8.375%, 02/17/16 700 1,070 7.250%, 09/15/14 150 225 Ineo's Group Holdings 7.875%, 02/15/16 EUR 111 49 Lloyds TSB Bank MTN 13.000%, 01/29/49(A) 100 128 13.000%, 01/29/49(A) 300 380 6.375%, 06/17/16 200 284 6.375%, 04/15/14 875 1,462 Lloyds TSB Bank, Ser E MTN 6.625%, 03/30/15 214 329 6.350%, 10/29/49(A) 391 274 4.385%, 05/29/49(A)(B) 200 138 Marks & Spencer, Ser E MTN 5.625%, 03/24/14 268 433 National Westminster Bank 6.500%, 09/07/21 220 277 Nationwide Building Society, Ser E MTN 3.375%, 08/17/15(A) 580 670 3.125%, 01/26/10 352 488
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 5
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Northern Rock 5.625%, 01/13/15(A)(B) 50 $ 17 5.625%, 06/22/17(B)(C) 2,550 2,229 Northumbrian Water Finance 6.000%, 10/11/17 500 847 Old Mutual, Ser E MTN 4.500%, 01/18/17(A)(B) 150 105 Prudential MTN 6.125%, 12/19/31 120 133 Rexam, Ser E MTN 4.375%, 03/15/13 600 788 Rolls-Royce 6.750%, 04/30/19 100 173 Royal Bank of Scotland MTN 6.934%, 04/09/18 300 350 5.750%, 05/21/14 250 357 Scottish & Southern Energy MTN 6.250%, 08/27/38 150 250 Scottish Widows 5.125%, 09/24/49(A) 100 79 Society of Lloyds 6.875%, 11/17/25 300 412 Southern Gas Networks, Ser A1 MTN 1.645%, 10/21/10(A)(B) 300 409 Standard Chartered Bank, Ser E MTN 5.875%, 09/26/17 250 317 Tesco MTN 5.125%, 02/24/15 200 294 Thames Water Utilities Cayman Finance MTN 6.125%, 02/04/13 200 293 Unilever MTN 4.750%, 06/16/17 110 182 United Kingdom Gilt 4.250%, 12/07/49 85 137 4.000%, 09/07/16 1,600 2,779 2.250%, 03/07/14 2,065 3,265 United Kingdom Treasury 4.500%, 03/07/19 3,825 6,707 United Kingdom Treasury, Ser 2004 4.750%, 12/07/38 910 1,584 Vodafone Group MTN 6.250%, 01/15/16 150 228 4.625%, 09/08/14 100 162 Vodafone Group, Ser E MTN 5.900%, 11/26/32 276 438 W&DB Issuer, Ser B1 5.641%, 07/15/35(A)(B) 60 57 Yorkshire Power Finance 7.250%, 08/04/28 GBP 408 714 Zurich Finance, Ser E MTN 6.625%, 10/30/49(A) 260 310 ------------- 47,020 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- UNITED STATES -- 7.8% Alcoa 5.375%, 01/15/13 314 $ 307 American Honda Finance 6.250%, 07/16/13 250 369 American International Group, Ser A3 4.875%, 03/15/67(A) EUR 800 213 AT&T 7.000%, 04/30/40 200 360 5.875%, 04/28/17 200 338 5.600%, 05/15/18 415 417 BA Covered Bond Issuer, Ser E MTN 4.125%, 04/05/12 EUR 3,100 4,228 Banca Popolare Lodi Trust 6.742%, 06/29/49(A) EUR 955 737 Bank of America 5.650%, 05/01/18 350 309 4.750%, 05/06/19(A) 250 240 Bear Stearns 7.625%, 12/07/09 243 249 BNP Paribas Capital Trust III 6.625%, 12/29/49(A) 1,000 1,072 Cablevision Systems, Ser B 8.000%, 04/15/12 235 233 CBS 7.700%, 07/30/10 440 453 CIT Group MTN 5.125%, 09/30/14 GBP 75 44 Citigroup 5.500%, 04/11/13 995 933 4.750%, 02/10/19(A) EUR 1,000 934 4.625%, 08/03/10 400 398 Citigroup, Ser E MTN 4.250%, 02/25/30(A) 450 344 Commerzbank Capital Funding Trust I 5.012%, 03/29/49(A) EUR 350 164 ConocoPhillips 5.750%, 02/01/19 400 420 Countrywide Financial MTN 5.800%, 06/07/12 507 510 Countrywide Home Loan, Ser L MTN 4.000%, 03/22/11 9 9 Dell 5.625%, 04/15/14 245 259 Duke Energy 6.300%, 02/01/14 375 405 Dynegy Holdings 8.375%, 05/01/16 230 195 Electronic Data Systems, Ser B 6.500%, 08/01/13 474 517 Fisher Scientific International 6.125%, 07/01/15 71 71 General Electric Capital 5.625%, 05/01/18 745 706 Genworth Financial 1.600%, 06/20/11 JPY 89,000 605
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 6 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2009
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Glencore Finance Europe, Ser E MTN 7.125%, 04/23/15 300 $ 357 6.500%, 02/27/19 GBP 400 480 Goldman Sachs Group MTN 7.350%, 10/01/09 283 287 4.750%, 01/28/14 646 881 4.250%, 08/04/10 200 282 1.665%, 02/04/13(A) EUR 450 571 Hertz 8.875%, 01/01/14 221 203 HSBC Finance, Ser E MTN 6.125%, 01/22/10 GBP 334 556 HVB Funding Trust VIII 7.055%, 03/29/49(A) 1,600 943 International Paper 7.950%, 06/15/18 260 251 JP Morgan Chase Capital XXV 6.800%, 10/01/37 200 173 JPMorgan Chase Bank 4.625%, 05/29/17(A) EUR 250 324 4.375%, 11/30/21(A) 700 830 Key Bank 1.497%, 02/09/12 220 224 1.362%, 11/21/11 50 53 Kraft Foods 6.125%, 08/23/18 735 761 Merrill Lynch MTN 6.750%, 05/21/13 150 211 Merrill Lynch, Ser E MTN 4.625%, 10/02/13 EUR 261 342 Morgan Stanley MTN 6.000%, 04/28/15 630 628 2.250%, 03/13/12 800 807 Morgan Stanley, Ser E MTN 3.750%, 03/01/13 1,000 1,312 Oracle 5.750%, 04/15/18 752 793 Owens Corning 6.500%, 12/01/16 1,145 1,004 Pemex Project Funding Master Trust 5.500%, 02/24/25 300 322 Pfizer 6.500%, 06/03/38 300 537 5.750%, 06/03/21 150 225 3.625%, 06/03/13 150 212 1.800%, 02/22/16 JPY 110,000 1,081 Philip Morris International MTN 5.750%, 03/24/16 150 223 4.875%, 05/16/13 345 362 4.250%, 03/23/12 200 288 Qwest 7.625%, 06/15/15 560 526 Qwest Communications International 7.500%, 02/15/14 335 306 Reynolds American 7.625%, 06/01/16 377 378 7.300%, 07/15/15 195 195 7.250%, 06/01/12 572 574
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- SES 4.875%, 07/09/14 150 $ 209 SLM, Ser E MTN 1.477%, 12/15/10(A) EUR 300 356 Toyota Motor Credit Corp 5.250%, 02/03/12 250 366 Tyco International Group 6.000%, 11/15/13 331 337 US Bank 4.375%, 02/28/17(B) 900 1,025 Verizon Communications 5.250%, 04/15/13 315 331 Verizon Wireless Capital 8.750%, 12/18/15 400 672 Wal-Mart Stores 5.625%, 03/27/34 200 333 4.875%, 01/19/39 GBP 238 351 Western Union 5.930%, 10/01/16 888 897 Windstream 8.625%, 08/01/16 220 211 WM Covered Bond Program, Ser E MTN 4.375%, 05/19/14 100 131 3.875%, 09/27/11 250 336 Wyndham Worldwide 6.000%, 12/01/16 242 189 Zurich Finance USA MTN 6.500%, 10/14/15 250 372 ------------- 39,657 ------------- Total Global Bonds (Cost $376,865) ($ Thousands) 372,250 ------------- MORTGAGE-BACKED SECURITIES -- 7.1% NON-AGENCY MORTGAGE-BACKED OBLIGATIONS -- 7.1% Arkle Master Issuer, Ser 2006-1X, Cl 5M1 1.536%, 02/17/52 (B) 150 147 Arran Residential Mortgages Funding, Ser 2006-1X, Cl BC 1.585%, 04/12/56 (A)(B) 444 416 Banc of America Commercial Mortgage, Ser 2007-5, Cl A4 5.492%, 10/10/17 1,200 842 Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-6, Cl 3A 5.431%, 09/25/34 (A) 431 342 Beluga Master Issuer, Ser 2006-1, Cl A2 1.530%, 04/28/99 (A) 2,200 2,767 Canary Wharf Finance, Ser II, Cl C2 2.049%, 10/22/37 (A)(B) 200 99 Citigroup Commercial Mortgage Trust, Ser 2007-C6, Cl A4 5.700%, 06/10/17 (A) 1,140 901 Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4 6.299%, 05/01/38 (A) 405 331
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 7
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Citigroup Mortgage Loan Trust, Ser 2005-2, Cl 1A4 5.110%, 05/25/35 (A) 2,148 $ 1,572 Citigroup, Ser CD4, Cl A2B 5.205%, 12/11/49 1,250 1,143 Commercial Mortgage Asset Trust, Ser 1999-C1, Cl A3 6.640%, 09/17/10 343 345 Countrywide Alternative Loan Trust, Ser 2006-43CB, Cl 1A7 6.000%, 01/31/37 2,603 2,006 Countrywide Home Loans, Ser 2003-56, Cl 5A1 4.781%, 12/25/33 (A) 484 436 Credit Suisse First Boston Mortgage Securities, Ser 2003- CKS4, Cl A1 4.485%, 11/15/36 1,334 1,333 Credit Suisse Mortgage Capital Certificates, Ser 2006-C3, Cl A3 5.826%, 06/15/38 (A) 1,250 912 Credit Suisse Mortgage Capital Certificates, Ser 2006-C5, Cl A3 5.311%, 12/15/39 1,215 833 Eddystone Finance, Ser 2006-1, Cl B 1.888%, 04/19/21 (A)(B) 100 111 Eddystone Finance, Ser 2006-1, Cl C 2.088%, 04/19/21 (A)(B) 100 102 Gracechurch Mortgage Financing, Ser 2006-1, Cl C3 1.514%, 11/20/56 (A)(B) 250 252 Gracechurch Mortgage Financing, Ser 2007-1X, Cl 3A2 1.344%, 11/20/56 (A) 2,000 2,618 Gracechurch Mortgage Financing, Ser 2007-1X, Cl 2D2 1.644%, 11/20/56 (A)(B) 400 463 Granite Master Issuer, Ser 2006-2, Cl A5 1.048%, 12/20/54 (A)(B) 780 761 GSR Mortgage Loan Trust, Ser 2005-AR1, Cl 4A1 5.134%, 01/25/35 (A) 568 404 GSR Mortgage Loan Trust, Ser 2006-0A1, Cl 2A1 0.504%, 08/25/46 (A) 408 251 Holmes Master Issuer, Ser 2007- 1, Cl 3C2 1.855%, 07/15/40 (A)(B) 150 158 Immeo Residential Finance, Ser 2, Cl A 1.437%, 12/15/16 (A) 473 392
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- JLOC, Ser 37X, Cl B1 0.954%, 01/15/15 (A)(B) 13,418 $ 125 JP Morgan Chase Commercial Mortgage Securities, Ser 2005- CDP5, Cl A4 5.179%, 12/15/44 (A) 1,220 1,031 JP Morgan Chase Commercial Mortgage Securities, Ser 2006- CB17, Cl A4 5.429%, 12/12/43 840 679 JP Morgan Chase Commercial Mortgage Securities, Ser 2007- CB18, Cl A4 5.440%, 06/12/47 1,380 1,039 JP Morgan Mortgage Trust, Ser 2004-A5, Cl 3A1 5.309%, 12/25/34 (A) 556 497 Keybank, Ser 2000-C1, Cl A2 7.727%, 05/17/32 (A) 1,794 1,813 LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A4 5.156%, 02/15/31 1,530 1,274 LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A2 6.149%, 04/15/41 (A) 930 761 Leek Finance, Ser 15X, Cl BA 1.569%, 03/21/37 (A)(B) 100 55 London and Regional Debt Securitisation, Ser 1, Cl A 1.744%, 10/15/14 (A)(B) 150 194 Merrill Lynch/Countrywide Commercial Mortgage Trust, Ser 2006-3, Cl A4 5.414%, 07/12/46 (A) 1,165 877 Morgan Stanley Capital I, Ser 2007-HQ13, Cl A3 5.569%, 12/15/44 1,150 839 Permanent Financing, Ser 7, Cl 3B 1.401%, 06/10/42 (A)(B) 1,250 1,549 Salomon Brothers Mortgage Securities, Ser 2000-C1, Cl A2 7.520%, 12/18/09 (A) 1,257 1,265 Skyline, Ser 2007-1, Cl D 2.215%, 07/22/43 (A)(B) 200 116 Storm, Ser 2006-1, Cl A2 1.515%, 04/22/48 (A) 2,465 3,134 Talisman Finance, Ser 7, Cl H 3.655%, 04/22/17 (A)(B) 487 103 Wachovia Bank Commercial Mortgage Trust, Ser 2006-C27, Cl A3 5.765%, 07/15/45 (A) 1,150 919 ------------- Total Mortgage-Backed Securities (Cost $43,965) ($ Thousands) 36,207 -------------
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 8 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2009
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- CORPORATE OBLIGATIONS -- 3.9% UNITED STATES -- 3.9% AT&T 6.500%, 09/01/37 650 $ 645 AutoNation 3.131%, 04/15/13(A)(C) 44 39 Autozone 5.750%, 01/15/15 650 650 Baxter International 5.375%, 06/01/18 245 257 Bear Stearns MTN 6.950%, 08/10/12 363 395 Caterpillar Financial Services MTN 6.200%, 09/30/13 810 858 Centex 7.500%, 01/15/12 366 369 Computer Sciences 5.500%, 03/15/13(C) 605 602 Countrywide Financial 6.250%, 05/15/16 132 117 Dominion Resources 6.400%, 06/15/18 400 422 Embarq 7.082%, 06/01/16 1,283 1,253 Federated Retail Holding 5.350%, 03/15/12 505 460 Fisher Scientific International 6.750%, 08/15/14 107 110 Freeport-McMoRan Copper & Gold 8.250%, 04/01/15 300 303 General Mills 5.250%, 08/15/13 300 317 Historic TW 9.125%, 01/15/13 720 793 ILFC E-Capital Trust I 5.900%, 12/21/65(A)(C) 150 55 John Deere Capital MTN 5.250%, 10/01/12 395 417 Liberty Mutual Group 7.800%, 03/15/37(C) 315 176 Limited Brands 5.250%, 11/01/14 935 795 Lincoln National 8.750%, 07/01/19 128 129 Masco 6.125%, 10/03/16 500 420 McKesson 5.250%, 03/01/13 615 626 Merrill Lynch 6.050%, 05/16/16 200 179 Mirant Americas Generation 8.500%, 10/01/21(C) 399 315 Mohawk Industries 6.625%, 01/15/16 500 444 Motorola 7.500%, 05/15/25 85 65 6.500%, 09/01/25 531 372 NB Capital Trust IV 8.250%, 04/15/27 214 180
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Nisource Finance 6.800%, 01/15/19 710 $ 665 NRG Energy 7.375%, 02/01/16 225 213 PPG Industries 6.650%, 03/15/18 562 597 Principal Financial Group 7.875%, 05/15/14 290 306 Progress Energy 6.050%, 03/15/14 160 168 RRI Energy 7.875%, 06/15/17 225 201 7.625%, 06/15/14 175 160 Sara Lee 6.250%, 09/15/11 448 473 SLM MTN 5.050%, 11/14/14 1,000 774 Starwood Hotels & Resorts Worldwide 7.375%, 11/15/15 1,194 1,098 Time Warner Cable 7.500%, 04/01/14 385 424 Union Bank MTN 5.950%, 05/11/16 392 363 Union Carbide 7.750%, 10/01/96 910 560 United States Steel 6.050%, 06/01/17 615 525 Verizon Wireless Capital 3.750%, 05/20/11(C) 650 663 Wachovia MTN 5.500%, 05/01/13 415 429 5.350%, 03/15/11 150 156 Wachovia Capital Trust III 5.800%, 03/15/11(A) 385 231 Whirlpool MTN 8.600%, 05/01/14 45 47 Williams 7.875%, 09/01/21 110 108 Xerox 7.625%, 06/15/13 210 212 ------------- Total Corporate Obligations (Cost $21,483) ($ Thousands) 20,136 ------------- ASSET-BACKED SECURITIES -- 3.0% AUTOMOTIVE -- 0.7% Auto Compartiment, Ser 2006-1, Cl B 1.656%, 07/25/17 (A)(B) 500 508 Auto Compartiment, Ser 2007-1, Cl A 1.354%, 02/25/19 (A) 1,000 1,290 Ford Credit Auto Owner Trust, Ser 2006-C, Cl A3 5.160%, 11/15/10 945 952 FTA Santander Auto, Ser 1, Cl A 1.311%, 11/25/21 (A) 556 760 ------------- 3,510 -------------
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 9
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- CREDIT CARD -- 0.5% Citibank Credit Card Issuance Trust, Ser A4, Cl A4 5.375%, 04/10/13 EUR 1,900 $ 2,626 ------------- MORTGAGE RELATED SECURITIES -- 0.4% Countrywide Asset-Backed Certificates, Ser 2007-2, Cl 2A1 0.364%, 03/14/37 (A) 1,348 1,204 Soundview Home Equity Loan Trust, Ser 2007-NS1, Cl A1 0.434%, 01/25/37 (A) 944 785 ------------- 1,989 ------------- OTHER ASSET-BACKED SECURITIES -- 1.4% Amstel Corporate Loan Offering, Ser 2007-1, Cl A2 1.386%, 03/25/17 (A)(B) 1,000 884 COMIT, Ser 1, Cl C 1.445%, 06/29/13 (A)(B) 79 55 FCC Sparc, Ser 2005-1, Cl B 1.805%, 07/15/11 (B) 400 559 Lambda Finance, Ser 2005-1X, Cl A2 1.521%, 11/15/29 (A)(B) 962 1,174 Mermaid Secured Finance, Ser 2007-1, Cl D 1.684%, 01/30/40 (A)(B) 100 122 Mermaid Secured Finance, Ser 2007-1, Cl C 1.884%, 01/30/40 (A)(B) 100 118 Prime Bricks, Ser 2007-1, Cl C 1.884%, 01/30/40 (A)(B) 100 120 Prime Bricks, Ser 2007-1, Cl B 1.684%, 01/30/40 (A)(B) 350 427 Santander Consumer Finance, Ser 2007-1, Cl A 1.385%, 09/20/22 (B) 358 464 SLM Student Loan Trust, Ser 2004-2, Cl A5 1.586%, 01/25/24 (A) 1,000 1,074 SLM Student Loan Trust, Ser 2008-5, Cl A4 2.792%, 07/25/23 200 201 2.192%, 10/25/16 800 803 SLM Student Loan Trust, Ser 2008-5, Cl A3 2.392%, 01/25/18 900 903
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Whinstone Capital Management, Ser 1X, Cl B1 6.596%, 10/25/45 (A)(B) 140 $ 25 ------------- 6,929 ------------- Total Asset-Backed Securities (Cost $16,177) ($ Thousands) 15,054 ------------- U.S. TREASURY OBLIGATIONS -- 2.4% U.S. Treasury Bond 4.250%, 05/15/39 480 475 U.S. Treasury Note 1.375%, 04/15/12 2,500 2,491 2.000%, 11/30/13 4,300 4,238 4.500%, 11/15/15 1,100 1,196 2.750%, 02/15/19 3,095 2,899 3.125%, 05/15/19 765 740 ------------- Total U.S. Treasury Obligations (Cost $12,255) ($ Thousands) 12,039 ------------- U.S. GOVERNMENT AGENCY OBLIGATION -- 0.3% FHLB 1.875%, 06/20/12 1,400 1,398 ------------- Total U.S. Government Agency Obligation (Cost $1,398) ($ Thousands) 1,398 ------------- MUNICIPAL BONDS -- 0.3% Metropolitan Transportation Authority, RB 7.336%, 11/15/39 305 359 State of California, GO 7.550%, 04/01/39 (D) 255 232 5.250%, 04/01/14 825 811 ------------- Total Municipal Bonds (Cost $1,442) ($ Thousands) 1,402 ------------- AFFILIATED PARTNERSHIP -- 0.4% UNITED STATES -- 0.4% SEI Liquidity Fund, L.P., 0.700%+*(G) 1,939,209 1,925 ------------- Total Affiliated Partnership (Cost $1,939) ($ Thousands) 1,925 ------------- Total Investments -- 90.4% (Cost $475,524) ($ Thousands)ss $ 460,411 =============
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 10 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2009 A summary of the outstanding forward foreign currency contracts held by the Fund at June 30, 2009, is as follows:
Unrealized Currency to Currency to Appreciation Deliver Receive (Depreciation) Settlement Date (Thousands) (Thousands) ($ Thousands) -------------- ------------- ------------ -------------- 7/6/09 USD 207 CAD 231 $ (8) 7/6/09-8/5/09 MXP 19,808 USD 1,497 (3) 7/6/09-8/5/09 NOK 3,278 USD 515 6 7/6/09-8/5/09 SEK 44,384 USD 5,835 106 7/6/09-8/27/09 CAD 32,206 USD 28,530 788 7/6/09-8/27/09 EUR 236,772 USD 329,377 (2,711) 7/6/09-8/27/09 JPY12,540,055 USD 130,372 346 7/6/09-9/2/09 GBP 39,960 USD 65,381 (417) 7/6/09-9/10/09 USD 23,279 EUR 16,719 169 7/8/09 EUR 324 CAD 528 -- 7/10/09 CHF 400 GBP 233 17 7/10/09 GBP 238 CHF 400 (24) 7/10/09 JPY 85,995 KRW1,098,633 (27) 7/10/09 JPY 40,000 NOK 3,008 53 7/10/09 NOK 3,073 JPY 40,000 (63) 7/10/09-8/25/09 USD 425 GBP 258 -- 7/10/09-8/27/09 USD 23,234 NOK 147,807 (293) 7/13/09 HUF 265,649 USD 1,275 (89) 7/13/09 USD 585 HUF 120,591 34 7/14/09 HUF 156,970 PLN 2,425 (45) 7/15/09-8/26/09 USD 7,673 JPY 736,814 (34) 7/16/09-8/26/09 ZAR 37,006 USD 4,530 (221) 7/21/09 USD 1,521 NZD 2,441 57 7/24/09-8/26/09 DKK 12,826 USD 2,420 5 7/27/09-8/27/09 CHF 20,187 USD 18,223 (355) 8/10/09-8/27/09 USD 10,234 AUD 13,023 250 8/26/09 PLN 2,522 USD 775 (14) 8/26/09-8/27/09 AUD 12,544 USD 9,829 (267) 8/27/09 EUR 7,080 NOK 64,373 62 8/27/09 EUR 4,480 SEK 49,761 141 9/2/09 GBP 490 EUR 580 6 ------- $(2,531) =======
A summary of the open futures contracts held by the Fund at June 30, 2009, is as follows:
Unrealized Number of Appreciation Type of Contracts Expiration (Depreciation) Contract Long (Short) Date ($ Thousands) -------- ------------ ---------- -------------- 30-Day FED Fund (1) Jul-2009 -- Australian 10-Year Bond 5 Sep-2009 3 Australian 3-Year Bond 53 Sep-2009 (16) Canadian 10-Year Bond 51 Sep-2009 (28) Euro-Bobl 132 Sep-2009 160 Euro-Bund 52 Sep-2009 130 Euro-Schatz 73 Sep-2009 3 Long Gilt 10-Year Bond 40 Sep-2009 18 U.S. 10-Year Treasury Note (148) Sep-2009 178 U.S. 10-Year Treasury Note 18 Sep-2009 1 U.S. 2-Year Treasury Note (147) Sep-2009 74 U.S. 5-Year Treasury Note (130) Sep-2009 116 U.S. Long Treasury Bond (44) Sep-2009 (56) ---- $583 ====
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 11 A summary of outstanding swap agreements held by the Fund at June 30, 2009, is as follows: Credit Default Swaps
Net Unrealized Notional Appreciation Buy/Sell (Pays)/Receives Termination Amount (Depreciation) Counterparty Reference Entity/Obligation Protection Rate Date (Thousands) ($Thousands) ------------ --------------------------------------- ---------- --------------- ----------- ----------- -------------- Deutsche Bank Union Fenosa SA BUY 1.65 03/20/14 EUR 1,350 $ 15 Deutsche Bank Wolters Kluwer NV, 5.125% 01/27/14 BUY 0.90 03/20/14 EUR 1,400 (37) HSBC Autozone Inc., 5.500% 11/15/15 BUY 1.00 03/20/15 650 14 Merrill Lynch Itraxx Europe Crossover Series 9 5-Year SELL 6.50 06/20/13 EUR(5,000) (721) Merrill Lynch Itraxx Europe Series 9 5-Year SELL 1.65 06/20/13 EUR(4,350) (29) Morgan Stanley Prudential Financial, 4.500% 07/15/13 SELL 5.00 09/20/14 (350) (5) ----- $(763) =====
Interest Rate Swaps
Net Unrealized Appreciation Termination Notional Amount (Depreciation) Counterparty Fund Pays Fund Receives Date (Thousands) ($Thousands) ------------------- ----------------- --------------------- ----------- ---------------- -------------- Deutsche Bank 6-Month EURIBOR 4.17% 03/28/13 EUR 7,000,000 $ 633 Deutsche Bank 4.31% 6-Month EURIBOR 04/07/10 EUR 6,500,000 (266) Citibank 3.79% LIBOR UK 6 Month RATE 05/19/19 GBP 2,500,000 124 JPMorgan Chase Bank 6-Month JPY LIBOR 2.22% 03/26/27 JPY 750,000,000 455 JPMorgan Chase Bank 6-Month EURIBOR 4.38% 01/07/13 EUR 5,400,000 550 JPMorgan Chase Bank 4.20% 6-Month EURIBOR 03/30/12 EUR 3,000,000 (260) JPMorgan Chase Bank 6-Month JPY LIBOR 1.29% 03/26/12 JPY1,300,000,000 218 JPMorgan Chase Bank 3.91% 6-Month EURIBOR 03/13/10 EUR 6,500,000 (222) ------ $1,232 ======
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 12 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2009 The following is a summary of the inputs used as of June 30, 2009 in valuing the Fund's investments carried at value ($ Thousands):
Level 1 Level 2 Level 3 Total ------- -------- ------- -------- Investments in Securities Global Bonds $-- $372,245 $ 5 $372,250 Mortgage-Backed Securities -- 36,207 -- 36,207 Corporate Obligations -- 20,136 -- 20,136 Asset-Backed Securities -- 15,054 -- 15,054 Municipal Bonds -- 1,402 -- 1,402 U.S. Treasury Obligations -- 12,039 -- 12,039 U.S. Government Agency Obligation -- 1,398 -- 1,398 Affiliated Partnership -- 1,925 -- 1,925 --- -------- --- -------- Total Investments in Securities $-- $460,406 $ 5 $460,411 === ======== === ========
Other Financial Instruments Level 1 Level 2 Level 3 Total --------------------------- ------- ------- ------- ------- Futures $583 $ -- $-- $ 583 Forwards -- (2,531) -- (2,531) Credit Default Swaps -- (763) -- (763) Interest Rate Swaps -- 1,232 -- 1,232 ---- ------- --- ------- Total Other Financial Instruments $583 $(2,062) $-- $(1,479) ==== ======= === =======
Global Bonds ------------ Beginning balance as of October 1, 2008 $ 1,284 Accrued discounts/premiums -- Realized gain/(loss) (1,279) Change in unrealized appreciation/(depreciation) 1,279 Net purchases/sales (1,279) Net transfer in and/or out of Level 3 5 ------- Ending balance as of June 30, 2009 $ 5 =======
Percentages are based on a Net Assets of $509,565($ Thousands). * Rate shown is the 7-day effective yield as of June 30, 2009. + 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 June 30, 2009. (B) Securities considered illiquid. The total market value of such securities as of June 30, 2009 was $17,566($ Thousands) and represented 3.4% of Net Assets. (C) 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. (D) This security or a partial position of this security is on loan at June 30, 2009. The total market value of securities on loan at June 30, 2009 was $1,859 ($ Thousands). (E) Security in default on interest payments. (F) Real Estate Investments Trust (G) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of June 30, 2009 was $1,925 ($ Thousands). ss At June 30, 2009, the tax basis cost of the Fund's investments was $475,524 ($ Thousands), and the unrealized appreciation and depreciation were $16,484 ($ Thousands) and ($31,597)($ Thousands) respectively. AUD -- Australian Dollar CAD -- Canadian Dollar CHF -- Swiss Franc Cl -- Class CPI -- Consumer Price Index DKK -- Danish Krone EUR -- Euro EURIBOR -- Europe Interbank Offered Rate FHLB -- Federal Home Loan Bank GBP -- British Pound Sterling GO -- Genereal Obligations HUF -- Hungarian Forint JPY -- Japanese Yen KRW -- Korean Won LIBOR -- London Interbank Offered Bank 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 RB -- Revenue Bond SEK -- Swedish Krone Ser -- Series USD -- U.S. Dollar ZAR -- South African Rand Amounts designated as "--" are $O or have been rounded to $O. 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 Holdings / June 30, 2009 13 CREDIT DEFAULT SWAPS On September 12, 2008, the FASB issued FASB Staff Position ("FSP") No. FAS 133-1 and FASB Interpretation Number ("FIN") 45-4 ("FSP 133-1"), Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretation No. 45; and Clarification of the Effective Date of FASB Statement No. 161. The FSP is intended to improve disclosures about credit derivatives by requiring more information about the potential adverse effects of changes in credit risk on the financial position, financial performance, and cash flows of the sellers of credit derivatives. It amends FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities, to require disclosures by sellers of credit derivatives, including credit derivatives embedded in hybrid instruments. The FSP also amends FIN 45, Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness to Others, to require an additional disclosure about the current status of the payment/performance risk of a guarantee. FSP 133-1 and FIN 45-4 is effective for reporting periods (annual or interim) ending after November 15, 2008 and was adopted by the Fund effective December 31, 2008. A Fund enters into credit default swaps to simulate long and short bond positions that are either unavailable or considered to be less attractively priced in the bond market. A Fund uses these swaps to reduce risk where a Fund has exposure to the issuer, or to take an active long or short position with respect to the likelihood of an event of default. The reference obligation of the swap can be a single issuer, a "basket" of issuers, or an index. The underlying referenced assets are corporate debt, sovereign debt and asset backed securities. The buyer of a credit default swap is generally obligated to pay the seller a periodic stream of payments over the term of the contract in return for a contingent payment upon the occurrence of a credit event with respect to an underlying reference obligation. Generally, a credit event for corporate or sovereign reference obligations means bankruptcy, failure to pay, obligation acceleration, repudiation/moratorium or restructuring. For credit default swaps on asset-backed securities, a credit event may be triggered by events such as failure to pay principal, maturity extension, rating downgrade or write-down. If a Fund is a seller of protection, and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will generally either (i) pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index. If a Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value. Certain Funds are party to International Swap Dealers Association, Inc. Master Agreements ("ISDA Master Agreements"). These agreements are with select counterparties and they govern transactions, including certain over-the counter derivative and foreign exchange contracts, entered into by the Funds and the counterparty. The ISDA Master Agreements maintain provisions for general obligations, representations, agreements, collateral, and events of default or termination. The occurrence of a specified event of termination may give a counterparty the right to terminate all of its contracts and affect settlement of all outstanding transactions under the applicable ISDA Master Agreement. As of June 30, 2009, the Fund is the buyer ("receiving protection") on a total notional amount of $4.5 million)(1) and is the seller ("providing protection") on a total notional amount of $13.5 million. The notional amounts of the swaps are not recorded in the financial statements; however the notional amount does approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund were the seller of protection and a credit event were to occur. Those credit default swaps for which the Fund is providing protection at balance sheet date are summarized as follows:
CREDIT DEFAULT SWAP SINGLE NAME CDS INDEX WRITTEN CREDIT DERIVATIVE CONTRACTS ------------------------ --------------------- REFERENCE ASSET COPR US$ SOVEREIGN US$ ABS US$ CORP US$ Total --------------- -------- ------------- ------- ----------- ----------- Fair value written credit derivatives (7,029) -- -- (454,435) (461,464) Maximum potential amount of future payments (350,000) -- -- (13,114,708) (13,464,708) Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)(2) -- -- -- (361,197) (361,197) Collateral held by the Fund can obtain upon occurrence of triggering event -- -- -- -- --
(1) Potential recoveries would include purchased credit derivatives to the extent they offset written credit derivatives which have an identical underlying, or a netting arrangement or credit support annex with the counterparty. There may be other potential recoveries from recourse provisions where agreements cover multiple derivative arrangements but those amounts have not been included. SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 14 SCHEDULE OF INVESTMENTS (Unaudited) International Fixed Income Fund June 30, 2009
MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM ------------------------------------------------------------------------------ 0-6 MONTHS 6-12 MONTHS 1-5 YEARS 5-10 YEARS > 10 YEARS Total ---------- ----------- ----------- ---------- ---------- ----------- Current credit spread* on underlying (in basis points)(3) 0-100 -- -- -- -- -- -- 101-250 -- -- (6,101,495) -- -- (6,101,495) 251-500 -- -- -- -- -- -- 501-1000 -- -- (7,013,213) (350,000) -- (7,363,213) > than 1,000 -- -- -- -- -- -- --- --- ----------- -------- --- ----------- Total -- -- (13,114,708) (350,000) -- (13,464,708) === === =========== ======== === ===========
* The credit spread on the underlying asset is generally indicative of the current status of the underlying risk of the Fund having to perform. The spread also reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into a contract. Higher credit spreads with a shorter contract term is indicative of a higher likelihood of performance by the Fund. The credit spread disclosed above for each reference obligation where the Fund is the seller of protection is a representation of the current payment/performance risk of the swap. SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 15 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2009
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- GLOBAL BONDS -- 87.9% ARGENTINA -- 5.3% Alto Parana 6.375%, 06/09/17(A)(B) 440 $ 420 Province of Buenos Aires 9.625%, 04/18/28(A)(B) 1,605 598 Province of Buenos Aires Registered 9.625%, 04/18/28(A) 695 259 9.375%, 09/14/18(A) 470 175 3.000%, 05/15/35(A)(C) 1,200 276 Province of Medoza Registered 5.500%, 09/04/18(A) 386 205 Provincia Del Neuquen 8.656%, 10/18/14(A)(B) 204 202 Republic of Argentina MTN 12.000%, 09/19/16(D) 1,000 104 11.750%, 05/20/11(D) 2,554 266 9.931%, 12/15/35(E) 3,655 128 9.750%, 09/19/27(D) 2,150 360 9.250%, 07/20/04(D) 1,375 280 9.000%, 05/29/49(D) 2,650 416 9.000%, 06/20/49(D) 1,125 229 9.000%, 05/24/49(D) 1,400 300 8.500%, 07/01/49(D) 775 158 8.280%, 12/31/33 1,374 721 8.125%, 04/21/49(D) 4,200 663 8.000%, 02/25/35(D) 864 176 8.000%, 02/26/08(D) 1,000 203 7.820%, 12/31/33 734 414 7.625%, 03/31/05(D) 1,120 196 7.000%, 09/12/13 1,200 702 7.000%, 03/18/04(D) ITL 1,475,000 155 7.000%, 10/03/15 31,070 14,662 2.500%, 12/31/38(C) 17,890 4,803 2.280%, 12/15/35(E) 10,205 372 1.683%, 08/03/12(E) 22,265 5,399 1.683%, 08/03/09(E) 17,955 2,264 0.000%, 07/13/05(D) ITL 3,245,000 341 Republic of Argentina, Ser E MTN 10.000%, 01/03/07(D) ITL 3,000,000 315 8.750%, 02/04/49(D) 1,375 207 8.500%, 07/30/10(D) 2,000 342 7.625%, 08/11/07(D) ITL 2,325,000 244 Transportadora Gas Norte 7.500%, 12/31/12(A)(B)(C)(D) 260 74 7.500%, 12/31/12(D) 420 120 7.500%, 12/31/12(A)(C)(D) 130 37 6.500%, 12/31/12(A)(B)(C)(D) 30 9 6.500%, 12/31/12(A)(C)(D) 78 22 6.500%, 12/31/12(A)(C)(D) 114 33 ------------- 36,850 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- BAHRAIN -- 0.1% CBB International Sukuk 6.247%, 06/17/14 400 $ 411 ------------- BELIZE -- 0.0% Government of Belize Registered 4.250%, 02/20/29(A) 400 176 ------------- BOSNIA AND HERZEGOVINA -- 0.1% Republic of Bosnia & Herzegovina 10.039%, 12/11/17(A)(F) DEM 2,300 792 ------------- BRAZIL -- 10.7% Banco Nacional de Desenvolvimento Economico e Social 6.500%, 06/10/19(B) 2,325 2,330 Banco Safra MTN 10.875%, 04/03/17(A)(B) BRL 1,600 655 Banco Votorantim Nassau MTN 10.625%, 04/10/14(A)(B) BRL 2,750 1,344 Federal Republic of Brazil 12.250%, 03/06/30 175 287 11.000%, 08/17/40 15,292 19,895 10.125%, 05/15/27 4,735 6,558 8.875%, 04/15/24 1,550 1,926 8.750%, 02/04/25 2,735 3,364 8.500%, 09/24/12 2,615 4,126 8.250%, 01/20/34 3,240 3,848 8.000%, 01/15/18 9,220 10,326 7.875%, 03/07/15 690 780 7.125%, 01/20/37 4,085 4,432 6.000%, 01/17/17 1,550 1,591 5.875%, 01/15/19 1,100 1,110 Nota Do Tesouro Nacional 10.000%, 01/01/17 26,856 11,304 Petrobras 7.875%, 03/15/19 775 845 Petrobras International Finance 5.875%, 03/01/18 330 324 Vale Overseas 6.875%, 11/21/36 140 133 ------------- 75,178 ------------- CHILE -- 0.2% Empresa 6.250%, 07/08/19 900 892 Nacional del Cobre de Chile - CODELCO 7.500%, 01/15/19 500 579 ------------- 1,471 ------------- COLOMBIA -- 5.1% Bogota Distrio Capital 9.750%, 07/26/28(B) COP 9,241,000 3,742
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 1
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Republic of Colombia 11.750%, 02/25/20 3,030 $ 4,136 10.375%, 01/28/33 450 595 9.850%, 06/28/27 COP 3,180,000 1,499 8.125%, 05/21/24 3,150 3,434 7.375%, 09/18/37 11,025 11,245 7.375%, 03/18/19 5,555 5,930 7.375%, 01/27/17 4,710 5,070 ------------- 35,651 ------------- CROATIA -- 0.1% Zagrebacki Holding D.O.O. 5.500%, 07/10/17 900 668 ------------- DOMINICAN REPUBLIC -- 0.2% Republic of Dominican Republic 9.040%, 01/23/18 71 62 8.625%, 04/20/27 580 424 Standard Bank 15.000%, 03/12/12(A)(B) 481 346 Standard Bank, Ser E MTN 15.000%, 07/20/09(A)(E) 658 606 ------------- 1,438 ------------- ECUADOR -- 0.1% Republic of Ecuador Registered 9.375%, 12/15/15 1,400 1,008 ------------- EL SALVADOR -- 0.9% Republic of El Salvador 8.250%, 04/10/32 765 696 7.750%, 01/24/23 595 589 7.650%, 06/15/35 6,261 5,259 ------------- 6,544 ------------- GABON -- 0.2% Republic of Gabon 8.200%, 12/12/17(B) 1,747 1,537 ------------- GEORGIA -- 0.2% Republic of Georgia 7.500%, 04/15/13 2,050 1,694 ------------- GHANA -- 0.2% Republic of Ghana 8.500%, 10/04/17(B) 720 572 8.500%, 10/04/17 600 477 ------------- 1,049 ------------- INDIA -- 0.5% Vedanta Resources 9.500%, 07/18/18(B) 3,885 3,225 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- INDONESIA -- 7.1% Majapahit Holding 7.875%, 06/29/37(A)(B) 355 $ 266 7.750%, 10/17/16(A) 180 159 Republic of Indonesia 11.625%, 03/04/19(B) 9,090 11,510 11.625%, 03/04/19 900 1,139 10.375%, 05/04/14(B) 200 228 8.500%, 10/12/35 3,100 3,151 7.750%, 01/17/38 650 592 7.750%, 01/17/38 20,541 18,692 7.500%, 01/15/16(B) 2,160 2,176 7.500%, 01/15/16 740 739 7.250%, 04/20/15(B) 130 130 7.250%, 04/20/15 1,350 1,349 6.875%, 01/17/18 4,205 4,005 6.875%, 03/09/17 670 642 6.750%, 03/10/14(B) 1,900 1,891 6.750%, 03/10/14 1,050 1,048 6.625%, 02/17/37 2,000 1,619 6.625%, 02/17/37(B) 600 492 ------------- 49,828 ------------- IRAQ -- 1.7% Republic of Iraq 5.800%, 01/15/28 18,595 11,761 ------------- ISRAEL -- 0.1% Government of Israel 5.125%, 03/26/19(A) 550 546 ------------- IVORY COAST -- 0.0% Republic of Ivory Coast 4.000%, 03/30/18(D) 4,300 221 ------------- JAMAICA -- 0.1% Digicel Group 8.875%, 01/15/15(B) 550 457 ------------- KAZAKHSTAN -- 1.9% Citigroup Global Markets for JSC Kazkommertsbank 7.375%, 04/07/14(E) 1,300 559 HSBK Europe 9.250%, 10/16/13(B) 835 626 7.250%, 05/03/17(B) 500 285 7.250%, 05/03/17 460 271 Kazkommerts International 8.500%, 04/16/13 550 346 8.000%, 11/03/15 1,550 969 7.875%, 04/07/14 400 252 7.500%, 11/29/16(A) 1,700 1,029 Kazkommerts International MTN 6.875%, 02/13/17 450 344
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 2 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2009
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- KazMunaiGaz Finance Sub MTN 9.125%, 07/02/18(B) 4,505 $ 4,021 9.125%, 07/02/18 2,150 1,924 8.375%, 07/02/13 250 230 8.375%, 07/02/13(B) 2,485 2,292 Tengizchevroil Finance 6.124%, 11/15/14 393 354 ------------- 13,502 ------------- LEBANON -- 0.0% Lebanese Republic Registered MTN 8.250%, 04/12/21 250 253 ------------- MALAYSIA -- 1.5% Petroliam Nasional 7.750%, 08/15/15 705 821 7.625%, 10/15/26 395 456 Petronas 7.875%, 05/22/22 400 474 Petronas Capital Registered 7.875%, 05/22/22 6,255 7,559 7.875%, 05/22/22 1,000 1,208 ------------- 10,518 ------------- MEXICO -- 6.2% Mexican Bonos, Ser M10 7.750%, 12/14/17 84,860 6,298 Pemex Project Funding Master Trust 6.625%, 06/15/35 450 407 5.750%, 03/01/18(B) 200 184 5.750%, 03/01/18 1,305 1,201 United Mexican States MTN 8.300%, 08/15/31 5,535 6,600 8.125%, 12/30/19 2,415 2,813 7.500%, 01/14/12 1,560 1,722 7.500%, 04/08/33 1,005 1,103 6.625%, 03/03/15 1,350 1,445 6.375%, 01/16/13 1,150 1,242 6.050%, 01/11/40 790 718 5.950%, 03/19/19(G) 7,256 7,329 5.875%, 02/17/14 450 471 5.625%, 01/15/17(G) 4,234 4,281 United Mexican States, Ser A MTN 6.750%, 09/27/34 5,583 5,630 5.875%, 01/15/14 1,760 1,852 ------------- 43,296 ------------- NIGERIA -- 0.1% GTB Finance B.V. 8.500%, 01/29/12 400 328 UBS 0.000%, 09/04/17(A)(B)(E) 750 688 ------------- 1,016 ------------- OMAN -- 0.0% Blue City Investments 13.750%, 11/07/13(A) 750 113 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- PAKISTAN -- 0.7% Republic of Pakistan 7.125%, 03/31/16 3,650 $ 2,449 6.875%, 06/01/17 4,140 2,629 ------------- 5,078 ------------- PANAMA -- 2.7% Republic of Panama 9.375%, 01/16/23 560 684 9.375%, 04/01/29 6,827 8,568 8.875%, 09/30/27 1,050 1,268 8.125%, 04/28/34 720 796 7.250%, 03/15/15 5,390 5,875 6.700%, 01/26/36 1,860 1,804 ------------- 18,995 ------------- PERU -- 3.1% Interoceanica IV Finance 3.910%, 11/30/25(A)(B)(F) 956 338 3.895%, 11/30/18(A)(B)(F) 450 247 Peru Enhanced Pass-Through Finance 6.544%, 06/02/25(B)(F) 320 102 3.956%, 05/31/18(F) 233 163 3.949%, 05/31/18(A)(B)(F) 1,398 979 Republic of Peru 8.750%, 11/21/33 1,515 1,844 8.375%, 05/03/16 1,200 1,383 7.350%, 07/21/25 7,600 8,132 7.125%, 03/30/19 3,155 3,368 6.550%, 03/14/37 5,555 5,388 ------------- 21,944 ------------- PHILIPPINES -- 6.2% National Power 9.625%, 05/15/28(A) 1,400 1,484 Power Sector 7.250%, 05/27/19 810 816 Republic of Philippines 10.625%, 03/16/25 2,905 3,791 9.500%, 02/02/30 3,920 4,782 8.875%, 03/17/15 450 513 8.375%, 06/17/19 3,305 3,801 8.250%, 01/15/14 600 665 8.000%, 01/15/16 5,750 6,339 7.750%, 01/14/31 5,973 6,212 7.500%, 09/25/24 14,506 15,086 ------------- 43,489 ------------- QATAR -- 0.1% Qtel International Finance 6.500%, 06/10/14(B) 500 508 -------------
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 3
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- RUSSIA -- 9.9% Alfa Diversified Payment Rights Finance MTN 3.220%, 12/15/11(B)(E) 280 $ 238 Alfa Invest MTN 9.250%, 06/24/13(A)(B) 750 668 Gaz Capital MTN 6.510%, 03/07/22 215 161 6.212%, 11/22/16 2,000 1,700 Gaz Capital for Gazprom Registered MTN 9.625%, 03/01/13 1,200 1,230 8.625%, 04/28/34 2,070 2,005 GPB Eurobond Finance for Gazprombank 6.500%, 09/23/15 750 619 Kazan Orgsintez 9.250%, 10/30/11(A) 505 167 Kuznetski Capital for Bank of Moscow 7.500%, 11/25/15(A)(E) 1,200 948 RSHB Capital 7.750%, 05/29/18(B) 630 567 7.175%, 05/16/13 100 96 7.125%, 01/14/14(B) 580 545 RSHB Capital for Russian Agricultural Bank 9.000%, 06/11/14(B) 1,820 1,838 Russian Federation Registered 12.750%, 06/24/28 5,910 8,510 7.500%, 03/31/30 39,816 39,199 Teorema 11.000%, 10/27/08 3,400 510 TransCapital (Transneft) 6.103%, 06/27/12(B) 400 388 TransCapitalInvest for AK Transneft 8.700%, 08/07/18(B) 775 746 7.700%, 08/07/13(B) 150 144 UBS (Vimpelcom) 8.250%, 05/23/16 570 477 Vimpel Communications 8.375%, 04/30/13(B) 900 817 VIP Finance Ireland for Vimpel Communications 9.125%, 04/30/18(A)(B) 1,155 979 9.125%, 04/30/18 350 302 VTB Capital 6.875%, 05/29/18 3,650 3,303 6.609%, 10/31/12(B) 3,200 3,000 ------------- 69,157 ------------- SINGAPORE -- 0.1% Sea Product 5.484%, 02/14/12(A) 2,200 990 -------------
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- SOUTH AFRICA -- 1.1% Republic of South Africa 8.500%, 06/23/17 860 $ 963 6.875%, 05/27/19 1,680 1,726 6.500%, 06/02/14 2,945 3,085 5.875%, 05/30/22 2,400 2,220 ------------- 7,994 ------------- SOUTH KOREA -- 1.1% Export-Import Bank of Korea 8.125%, 01/21/14 3,820 4,182 Korea Development Bank 8.000%, 01/23/14 2,115 2,293 Korea Power 6.250%, 06/17/14 750 748 POSCO 8.750%, 03/26/14(B) 240 265 ------------- 7,488 ------------- SUPRA-NATIONAL -- 0.1% Andina de Fomento 8.125%, 06/04/19 485 514 ------------- THAILAND -- 0.1% True Move 10.750%, 12/16/13(A)(B) 1,250 975 ------------- TRINIDAD & TOBAGO -- 0.4% Petroleum of Trinidad & Tobago 6.000%, 05/08/22(A) 2,655 2,188 6.000%, 05/08/22(B) 800 659 ------------- 2,847 ------------- TUNISIA -- 0.3% Banque Centrale de Tunisie 8.250%, 09/19/27 800 824 7.375%, 04/25/12 865 926 ------------- 1,750 ------------- TURKEY -- 5.8% Republic of Turkey 11.875%, 01/15/30 400 610 11.382%, 02/02/11(F) 5,900 3,204 9.500%, 01/15/14 750 847 8.000%, 02/14/34 1,500 1,569 7.500%, 11/07/19 1,390 1,439 7.500%, 07/14/17 400 418 7.375%, 02/05/25 4,220 4,292 7.250%, 03/15/15 10,350 10,764 7.250%, 03/05/38 5,530 5,295 7.000%, 03/11/19 1,800 1,804 7.000%, 09/26/16 100 102 6.875%, 03/17/36 5,580 5,106 6.750%, 04/03/18 5,000 4,953 ------------- 40,403 -------------
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 4 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2009
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- UKRAINE -- 2.0% Credit Suisse First Boston International (Export/Import - Ukraine) 8.000%, 11/06/15(A) 750 $ 364 6.800%, 10/04/12(A) 600 455 Government of Ukraine Registered 7.650%, 06/11/13 4,330 3,312 6.875%, 03/04/11(B) 4,475 3,804 6.580%, 11/21/16(B) 3,290 2,237 6.580%, 11/21/16 500 342 3.500%, 09/15/18 2,535 2,191 Naftogaz Ukrainy 8.125%, 09/30/09(A) 700 609 Springvale Holdings 9.181%, 09/07/09(A)(E) 1,000 150 UK Private Bank 8.000%, 02/06/12(A)(B) 1,000 450 ------------- 13,914 ------------- UNITED ARAB EMIRATES -- 2.0% Emirate of Abu Dhabi 6.750%, 04/08/19(B) 970 1,002 Jafz Sukuk 4.169%, 11/27/12(E) AED 31,500 6,481 MDC-GMTN B.V. 5.750%, 05/06/14(B) 500 502 Nakheel Development 3.173%, 12/14/09 5,800 5,039 Nakheel Development 2 2.750%, 01/16/11 950 630 ------------- 13,654 ------------- URUGUAY -- 3.2% Republic of Uruguay 9.250%, 05/17/17 4,025 4,609 8.000%, 11/18/22 11,020 11,516 7.625%, 03/21/36 2,600 2,503 Republic of Uruguay PIK 7.875%, 01/15/33 3,563 3,456 ------------- 22,084 ------------- VENEZUELA -- 6.1% Government of Venezuela 13.625%, 08/15/18 1,200 1,044 10.750%, 09/19/13 3,275 2,702 9.375%, 01/13/34 3,330 2,081 9.250%, 05/07/28 4,790 2,915 9.250%, 09/15/27 1,070 728 9.000%, 05/07/23 6,070 3,672 8.500%, 10/08/14 916 650 7.650%, 04/21/25 12,125 6,487 7.000%, 03/31/38 100 49 6.000%, 12/09/20 755 379 6.000%, 12/09/20 4,020 2,020 5.750%, 02/26/16 2,490 1,426 Government of Venezuela Registered 2.122%, 04/20/11(E) 18,786 15,404
Face Amount(1) Market Value Description (Thousands) ($ Thousands) ----------- -------------- ------------- Petroleos De Venezuela 5.375%, 04/12/27 3,555 $ 1,404 5.250%, 04/12/17 3,585 1,694 ------------- 42,655 ------------- VIETNAM -- 0.2% Republic of Vietnam 6.875%, 01/15/16 1,265 1,262 ------------- YEMEN -- 0.1% Pemberley SPV Finance 2008 Yemen MTN 11.500%, 02/19/14(A)(B) 1,250 750 0.000%, 02/25/20(A)(B)(E) 1,250 -- ------------- 750 ------------- Total Global Bonds (Cost $631,214) ($ Thousands) 615,654 ------------- LOAN PARTICIPATIONS -- 3.5% ANGOLA -- 0.2% Republic of Angola 3.472%, 04/30/16 EUR 1,300 1,275 ------------- GEORGIA -- 0.0% Ashmore Cayman 0.000%, 04/16/14 (F) 221 119 ------------- INDONESIA -- 0.3% Indonesia Standby Loan 94 (Counterparty: Deutsche Bank) 1.500%, 12/31/49 (D) 2,545 1,909 ------------- MEXICO -- 0.3% Altos Hornos Promissory Note # 5 0.000%, 04/29/99 (A)(D) 2,500 350 Altos Hornos Promissory Note # 6 0.000%, 04/29/99 (A)(D) 2,500 350 Altos Hornos Promissory Note (Counterparty: Deustche Bank) 0.000%, 12/31/49 (A)(D) 4,500 630 Altos Hornos Tranche A (Counterparty: Bank of America) 0.000%, 04/11/04 (A)(D) 6,540 916 ------------- 2,246 ------------- NIGERIA -- 0.3% Oando 13.900%, 02/23/10 (A) 229,710 1,117 13.900%, 03/02/10 (A) 229,710 1,117 ------------- 2,234 -------------
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 5
Face Amount(1) (Thousands) Market Value Description /Shares ($ Thousands) ----------- -------------- ------------- RUSSIA -- 0.3% Snegri 10.500%, 04/21/10 (A) 2,550 $ 2,040 ------------- SINGAPORE -- 1.7% Connect International PIK 0.000%, 01/01/(A)(D) 8,356 8,362 Morton Bay 6.598%, 06/30/09 (A) 3,193 3,193 ------------- 11,555 ------------- TURKEY -- 0.4% Cukurova, Ser B 9.170%, 05/01/12 (A) 4,109 2,999 ------------- Total Loan Participations (Cost $30,100)($ Thousands) 24,377 ------------- DEPOSIT WITH COUNTERPARTY AS COLLATERAL FOR SWAP CONTRACTS(H) -- 1.8% UNITED STATES -- 1.8% 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 3,600 3,600 Deposits with Deutsche Bank as Collateral for Swap Contracts Outstanding BRL 7,070 3,607 Deposits with JP Morgan Chase as Collateral for Swap Contracts Outstanding 249 249 Deposits with Merrill Lynch as Collateral for Swap Contracts Outstanding 1,364 1,364 Deposits with Merrill Lynch as Collateral for Swap Contracts Outstanding IDR 288,900 1,950 ------------- Total Deposit with Counterparty as Collateral for Swap Contracts (Cost $13,640)($ Thousands) 12,520 ------------- COMMON STOCK -- 0.5% GVT Holding * 199,627 3,314 ------------- Total Common Stock (Cost $981) ($ Thousands) 3,314 -------------
Face Amount(1) (Thousands) Market Value Description /Shares ($ Thousands) ----------- -------------- ------------- CONVERTIBLE BOND -- 0.0% Firstsource CV to 42,549.14 0.000%, 12/04/12 (F) $ 400 $ 316 ------------- Total Convertible Bond (Cost $316) ($ Thousands) 316 -------------
Number Of Warrants -------------- WARRANTS -- 0.0% RUSSIA -- 0.0% Teorema Holding A, Expires 10/27/11 *(A) 226 -- Teorema Holding B, Expires 10/27/11 *(A) 452 -- ------------- Total Warrants (Cost $78) ($ Thousands) -- ------------- AFFILIATED PARTNERSHIP -- 0.7% UNITED STATES -- 0.7% SEI Liquidity Fund, L.P., 0.700%+**(I) 4,907,879 4,630 ------------- Total Affiliated Partnership (Cost $4,908) ($ Thousands) 4,630 ------------- Total Investments -- 94.4% (Cost $681,237) ($ Thousands)ss $ 660,811 =============
A summary of the outstanding forward foreign currency contracts held by the Fund at June 30, 2009, is as follows:
Unrealized Currency to Currency to Appreciation Deliver Receive (Depreciation) Settlement Date (Thousands) (Thousands) ($ Thousands) ------------- ------------ --------------- -------------- 7/2/09-8/4/09 USD 8,743 BRL 17,377 $ 97 7/7/09-8/21/09 MXP 30,555 USD 2,297 (16) 7/7/09-8/21/09 USD 2,300 MXP 30,555 13 7/10/09-7/13/09 USD 3,100 INR 146,479 (45) 7/20/09 TRY 11,852 USD 7,518 (163) 7/20/09 USD 7,416 TRY 11,658 139 7/29/09-7/31/09 CHF 12,014 USD 11,127 75 7/29/09-7/31/09 EUR 8,179 USD 11,444 (27) 8/10/09 USD 3,080 KRW 3,782,350 (80) 8/21/09 USD 4,600 RUB 148,753 117 ----- $ 110 =====
A summary of the open futures contracts held by the Fund at June 30, 2009, is as follows:
Unrealized Number of Appreciation Contracts Expiration (Depreciation) Type of Contract Long (Short) Date ($ Thousands) ---------------- ------------ ---------- -------------- U.S. 5-Year Treasury Note 21 Sep-2009 $(16) U.S. Long Treasury Bond 35 Sep-2009 66 ---- $ 50 ====
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 6 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2009 A summary of outstanding swap agreements held by the fund at June 30, 2009, is as follows: Total Return Swaps
Net Unrealized Notional Appreciation Reference Fund Termination Amount (Depreciation) Counterparty Entity/Obligation Fund Pays Receives Date (Thousands) ($Thousands) ------------- ---------------------- ------------------------------- ------------ ----------- ------------ -------------- Merrill Lynch Solar Gardens Ltd Term Loan Credit Facility Cash Deposit Of Notional Amount Price Return 12/30/09 NGN 288,900 $(545) Deutsche Bank Federative Republic of Brazil, 6.000% 5/15/17 Cash Deposit Of Notional Amount Price Return 08/15/10 BRL 4,383 362 Merrill Lynch Zaporozh Term Loan, 9.784% 12/31/10 Cash Deposit Of Notional Amount Price Return 12/31/10 1,364 (522) ----- $(705) =====
Credit Default Swaps
Net Unrealized Notional Appreciation Reference Buy/Sell (Pays)/ Termination Amount (Depreciation) Counterparty Entity/Obligation Protection Receives Rate Date (Thousands) ($Thousands) ------------- ---------------------- ---------- ------------- ----------- ----------- -------------- Credit Suisse JSC Gazprom, 8.625% 04/28/34 SELL 1.37 08/20/16 (1,000) $(168) Credit Suisse Naftogaz Ukrainy, 8.125% 09/30/09 SELL 5.20 12/20/11 (750) (371) Credit Suisse Naftogaz Ukrainy, 8.125% 09/30/09 SELL 5.75 12/20/09 (3,600) (587) Credit Suisse Republic of Kazakhstan SELL 14.25 02/20/10 (550) 67 Credit Suisse Republic of Turkey BUY 3.90 04/20/14 650 (46) ------- $(1,105) =======
The following is a summary of the inputs used as of June 30, 2009 in valuing the Fund's investments carried at value ($ Thousands):
Level 1 Level 2 Level 3 Total ------- -------- ------- -------- Investments in Securities Global Bonds $ -- $615,654 $ -- $615,654 Loan Participations -- 1,909 22,468 24,377 Deposit with Counterparty as Collateral for Swap Contracts -- 12,520 -- 12,520 Common Stock 3,314 -- -- 3,314 Convertible Bond -- 316 -- 316 Warrants -- -- -- -- Affiliated Partnership -- 4,630 -- 4,630 ------ -------- ------- -------- Total Investments in Securities $3,314 $635,029 $22,468 $660,811 ====== ======== ======= ========
Level 1 Level 2 Level 3 Total ------- -------- ------- -------- Other Financial Instruments Forwards -- 110 -- 110 Futures $50 $ -- $ -- $ 50 Credit Default Swaps -- (1,126) 21 (1,105) Total Return Swaps -- 362 (1,067) (705) --- ------- ------- ------- Total Other Financial Instruments $50 $ (654) $(1,046) $(1,650) === ======= ======= =======
Loan Total Credit Participations Return Swaps Default Swaps Total -------------- ------------ ------------- -------- Beginning balance as of October 1, 2008 $ 36,055 $ (74) $-- $ 35,981 Accrued discounts/premiums 17 -- -- 17 Realized gain/(loss) 221 -- -- 221 Change in unrealized appreciation/(depreciation) (12,849) (993) 21 (13,821) Net purchases/sales (976) -- -- (976) Net transfer in and/or out of Level 3 -- -- -- -- -------- ------- --- -------- Ending balance as of June 30, 2009 $ 22,468 $(1,067) $21 $ 21,422 ======== ======= === ========
SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 7 Percentages are based on a Net Assets of $700,230 ($ Thousands). * Non-income producing security ** Rate shown is the 7-day effective yield as of June 30, 2009. + Affiliated security (1) In U.S. dollars unless otherwise indicated. (A) Securities considered illiquid. The total market value of such securities as of June 30, 2009 was $42,845($ Thousands) and represented 6.1% of Net Assets. (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) Step Bonds - The rate reflected on the Schedule of Investments is the effective yield on June 30, 2009. The coupon on a step bond changes on a specified date. (D) Security in default on interest payments. (E) Variable Rate Security - The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2009. (F) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (G) This security or a partial position of this security is on loan at June 30, 2009. The total market value of securities on loan at June 30, 2009 was $4,594 ($ Thousands). (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 June 30, 2009 was $4,630 ($ Thousands). ss At June 30, 2009, the tax basis cost of the Fund's investments was $681,237 ($ Thousands), and the unrealized appreciation and depreciation were $36,757 ($ Thousands) and ($57,183)($ Thousands) respectively. AED -- United Arab Emirates Dirham BRL -- Brazilian Real COP -- Colombian Peso CHF -- Swiss Franc CV -- Convertible Bond DEM -- German Mark EUR -- Euro IDR -- Indonesian Rupiah INR -- Indian Rupee ITL -- Italian Lira KRW -- Korean Won L.P. -- Limited Partnership MTN -- Medium Term Note MXP -- Mexican Peso NGN -- Nigerian Naira PIK -- Payment-in-Kind RUB -- Russian Ruble Ser -- Series TRY -- New Turkish Lira USD -- U.S. Dollar Amounts designated as "--" are $O or have been rounded to $O. 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 Holdings / June 30, 2009 8 SCHEDULE OF INVESTMENTS (Unaudited) Emerging Markets Debt Fund June 30, 2009 CREDIT DEFAULT SWAPS On September 12, 2008, the FASB issued FASB Staff Position ("FSP") No. FAS 133-1 and FASB Interpretation Number ("FIN") 45-4 ("FSP 133-1"), Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretation No. 45; and Clarification of the Effective Date of FASB Statement No. 161. The FSP is intended to improve disclosures about credit derivatives by requiring more information about the potential adverse effects of changes in credit risk on the financial position, financial performance, and cash flows of the sellers of credit derivatives. It amends FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities, to require disclosures by sellers of credit derivatives, including credit derivatives embedded in hybrid instruments. The FSP also amends FIN 45, Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness to Others, to require an additional disclosure about the current status of the payment/performance risk of a guarantee. FSP 133-1 and FIN 45-4 is effective for reporting periods (annual or interim) ending after November 15, 2008 and was adopted by the Fund effective March 31, 2009. A Fund enters into credit default swaps to simulate long and short bond positions that are either unavailable or considered to be less attractively priced in the bond market. A Fund uses these swaps to reduce risk where a Fund has exposure to the issuer, or to take an active long or short position with respect to the likelihood of an event of default. The reference obligation of the swap can be a single issuer, a "basket" of issuers, or an index. The underlying referenced assets are corporate debt, sovereign debt and asset backed securities. The buyer of a credit default swap is generally obligated to pay the seller a periodic stream of payments over the term of the contract in return for a contingent payment upon the occurrence of a credit event with respect to an underlying reference obligation. Generally, a credit event for corporate or sovereign reference obligations means bankruptcy, failure to pay, obligation acceleration, repudiation/moratorium or restructuring. For credit default swaps on asset-backed securities, a credit event may be triggered by events such as failure to pay principal, maturity extension, rating downgrade or write-down. If a Fund is a seller of protection, and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will generally either (i) pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index. If a Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value. Certain Funds are party to International Swap Dealers Association, Inc. Master Agreements ("ISDA Master Agreements"). These agreements are with select counterparties and they govern transactions, including certain over-the counter derivative and foreign exchange contracts, entered into by the Funds and the counterparty. The ISDA Master Agreements maintain provisions for general obligations, representations, agreements, collateral, and events of default or termination. The occurrence of a specified event of termination may give a counterparty the right to terminate all of its contracts and affect settlement of all outstanding transactions under the applicable ISDA Master Agreement. As of June 30, 2009, the Fund is the buyer ("receiving protection") on a total notional amount of $0.7 million(1) and is the seller ("providing protection") on a total notional amount of $5.9 million. The notional amounts of the swaps are not recorded in the financial statements; however the notional amount does approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund were the seller of protection and a credit event were to occur. Those credit default swaps for which the Fund is providing protection at balance sheet date are summarized as follows:
CREDIT DEFAULT WRITTEN CREDIT DERIVATIVE CONTRACTS SINGLE NAME CDS SWAP INDEX ------------------------ ------------------ REFERENCE ASSET COPR US$ SOVEREIGN US$ ABS US$ CORP US$ Total -------- ------------- ------- -------- ---------- Fair value written credit derivatives - (1,101,358) - - (1,101,358) Maximum potential amount of future payments - 5,900,000 - - 5,900,000 Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)(2) - - - - - Collateral held by the fund can obtain upon occurrence of triggering event - 5,350,000 - - 5,350,000
---------- (1) Potential recoveries would include purchased credit derivatives to the extent they offset written credit derivatives which have an identical underlying, or a netting arrangement or credit support annex with the counterparty. There may be other potential recoveries from recourse provisions where agreements cover multiple derivative arrangements but those amounts have not been included. SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 9 MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
0-6 MONTHS 6-12 MONTHS 1-5 YEARS 5-10 YEARS > 10 YEARS Total ---------- ----------- --------- ---------- ---------- --------- Current credit spread* on underlying (in basis points)(3) 0-100 3,600,000 - - - - 3,600,000 101-250 - 550,000 - - - 550,000 251-500 - - 750,000 - - 750,000 501-1000 - - - - - - > than 1,000 - - - 1,000,000 - 1,000,000 ---------- ----------- --------- ---------- ---------- --------- Total 3,600,000 550,000 750,000 1,000,000 - 5,900,000 ========== =========== ========= ========== ========== =========
---------- * The credit spread on the underlying asset is generally indicative of the current status of the underlying risk of the Fund having to perform. The spread also reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into a contract. Higher credit spreads with a shorter contract term is indicative of a higher likelihood of performance by the Fund. The credit spread disclosed above for each reference obligation where the Fund is the seller of protection is a representation of the current payment/performance risk of the swap. SEI Institutional International Trust / Quarterly Holdings / June 30, 2009 10 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: August 28, 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: August 28, 2009 By (Signature and Title) /s/ Stephen F. Panner ----------------------------------- Stephen F. Panner, Controller & CFO Date: August 28, 2009