SIT INTERNATIONAL EQUITY FUND (First Prospectus Summary) | SIT INTERNATIONAL EQUITY FUND

INTERNATIONAL EQUITY FUND

Investment Goal

Long-term capital appreciation.

Fees and Expenses

The following tables describe the fees and expenses that you may pay if you buy

and hold Fund shares.

SHAREHOLDER FEES (fees paid directly from your investment)

Shareholder Fees	SIT INTERNATIONAL EQUITY FUND CLASS A
Redemption Fee (applies to a redemption, or series of redemptions, from a single identifiable source that, in the aggregate, exceeds $50 million within any thirty (30) day period)	0.75%

ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses	SIT INTERNATIONAL EQUITY FUND CLASS A
Management Fees	0.51%
Distribution (12b-1) Fees	none
Other Expenses	0.76%
Total Annual Fund Operating Expenses	1.27%

EXAMPLE

This Example is intended to help you compare the cost of investing in the Fund

with the cost of investing in other mutual funds. The Example assumes that you

invest $10,000 in the Fund for the time periods indicated and then redeem all of

your shares at the end of those periods. The Example also assumes that your

investment has a 5% return each year and that the Fund's operating expenses

remain the same.

Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example (USD $)	Expense Example, By Year, Column Name	Expense Example, With Redemption, 1 Year	Expense Example, With Redemption, 3 Years	Expense Example, With Redemption, 5 Years	Expense Example, With Redemption, 10 Years
SIT INTERNATIONAL EQUITY FUND CLASS A	Class A Shares	129	403	697	1,534

PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells

securities (or "turns over" its portfolio). A higher portfolio turnover rate may

indicate higher transaction costs and may result in higher taxes when Fund

shares are held in a taxable account. These costs, which are not reflected in

annual Fund operating expenses or in the Example, affect the Fund's performance.

During the most recent fiscal year, the Fund's portfolio turnover rate was 98%

of the average value of its portfolio.

Principal Investment Strategies

Under normal circumstances, the International Equity Fund will invest at least

80% of its net assets (plus the amount of any borrowings for investment

purposes) in equity securities. Equity securities may include common stocks,

preferred stock and warrants. The Fund will invest primarily in equity

securities of issuers of all capitalization ranges that are located in at least

three countries other than the U.S. It is expected that at least 40% of the

Fund's assets will be invested outside the U.S. The Fund will invest primarily

in companies located in developed countries, but may also invest in companies

located in emerging markets. Generally, the Fund will invest less than 20% of

its assets in emerging markets. The Fund uses a multi-manager approach, relying

upon a number of sub-advisers (each, a Sub-Adviser and collectively, the

Sub-Advisers) with differing investment philosophies to manage portions of the

Fund's portfolio under the general supervision of SEI Investments Management

Corporation, the Fund's adviser (SIMC).



The Fund may invest in futures contracts and forward contracts for hedging

purposes, including to seek to manage the Fund's currency exposure to foreign

securities and mitigate the Fund's overall risk.



The Fund may purchase shares of exchange-traded funds (ETFs) to gain exposure to

a particular portion of the market while awaiting an opportunity to purchase

shares directly.

Principal Risks

Credit Risk -- The risk that the issuer of a security or the counterparty to a

contract will default or otherwise become unable to honor a financial

obligation.



Currency Risk -- As a result of the Fund's investments in securities denominated

in, and/or receiving revenues in, foreign currencies, the Fund will be subject

to currency risk. Currency risk is the risk that those currencies will decline

in value relative to the U.S. dollar or, in the case of hedging positions, that

the U.S. dollar will decline in value relative to the currency hedged. In either

event, the dollar value of an investment in the Fund would be adversely

affected.



Derivatives Risk -- The Fund's use of futures and forward contracts is subject to

market risk, leverage risk, correlation risk and liquidity risk. Leverage risk

and liquidity risk are described below. Market risk is the risk that the market

value of an investment may move up and down, sometimes rapidly and

unpredictably. Correlation risk is the risk that changes in the value of the

derivative may not correlate perfectly with the underlying asset, rate or index.

The Fund's use of over-the-counter forward contracts is also subject to credit

risk and valuation risk. Valuation risk is the risk that the derivative may be

difficult to value and/or valued incorrectly. Credit risk is described above.

Each of the above risks could cause the Fund to lose more than the principal

amount invested in a derivative instrument.



Equity Market Risk -- The risk that stock prices will fall over short or extended

periods of time.



Exchange-Traded Funds (ETFs) Risk -- The risks of owning shares of an ETF

generally reflect the risks of owning the underlying securities the ETF is

designed to track, although lack of liquidity in an ETF could result in its

value being more volatile than the underlying portfolio securities.



Foreign Investment/Emerging Markets Risk -- The risk that non-U.S. securities may

be subject to additional risks due to, among other things, political, social and

economic developments abroad, currency movements and different legal, regulatory

and tax environments. These additional risks may be heightened with respect to

emerging market countries since political turmoil and rapid changes in economic

conditions are more likely to occur in these countries.



Investment Style Risk -- The risk that developed international equity securities

may underperform other segments of the equity markets or the equity markets as a

whole.



Leverage Risk -- The use of leverage can amplify the effects of market volatility

on the Fund's share price and may also cause the Fund to liquidate portfolio

positions when it would not be advantageous to do so in order to satisfy its

obligations.



Liquidity Risk -- The risk that certain securities may be difficult or impossible

to sell at the time and the price that the Fund would like. The Fund may have to

lower the price, sell other securities instead or forego an investment

opportunity, any of which could have a negative effect on Fund management or

performance.



Portfolio Turnover Risk -- Due to its investment strategy, the Fund may buy and

sell securities frequently. This may result in higher transaction costs and

additional capital gains tax liabilities.



Small and Medium Capitalization Risk -- The small and medium capitalization

companies in which the Fund invests may be more vulnerable to adverse business

or economic events than larger, more established companies. In particular, small

and medium capitalization companies may have limited product lines, markets and

financial resources and may depend upon a relatively small management group.

Therefore, small and medium capitalization stocks may be more volatile than

those of larger companies. Small and medium capitalization stocks may be traded

over-the-counter or listed on an exchange.



Loss of money is a risk of investing in the Fund.

Performance Information

The bar chart and the performance table below provide some indication of the

risks of investing in the Fund by showing changes in the Fund's performance from

year to year for the past ten calendar years and by showing how the Fund's

average annual returns for 1, 5 and 10 years, and since the Fund's inception,

compared with those of a broad measure of market performance. The Fund's past

performance (before and after taxes) is not necessarily an indication of how the

Fund will perform in the future. For current performance information, please

call 1-800-DIAL-SEI.

Best Quarter:   22.98% (06/30/09)



Worst Quarter: -26.13% (09/30/08)

Average Annual Total Returns (for the periods ended December 31, 2011)

After-tax returns are calculated using the historical highest individual federal

marginal income tax rates and do not reflect the impact of state and local

taxes. Your actual after-tax returns will depend on your tax situation and may

differ from those shown. After-tax returns shown are not relevant to investors

who hold their Fund shares through tax-deferred arrangements, such as 401(k)

plans or individual retirement accounts.

Average Annual Total Returns SIT INTERNATIONAL EQUITY FUND	Average Annual Returns, Label	Average Annual Returns, 1 Year	Average Annual Returns, 5 Years	Average Annual Returns, 10 Years	Average Annual Returns, Since Inception	Average Annual Returns, Inception Date
CLASS A	Class A Shares Return Before Taxes	(13.52%)	(8.82%)	1.66%	2.50%	Dec. 20, 1989
CLASS A After Taxes on Distributions	Class A Shares Return After Taxes on Distributions	(13.64%)	(9.48%)	1.07%	1.60%	Dec. 20, 1989
CLASS A After Taxes on Distributions and Sales	Class A Shares Return After Taxes on Distributions and Sale of Fund Shares	(8.27%)	(7.20%)	1.49%	1.87%	Dec. 20, 1989
MSCI EAFE Index Return	MSCI EAFE Index Return (reflects no deduction for fees, expenses or taxes)	(12.14%)	(4.72%)	4.67%	3.42%	Dec. 20, 1989	[1]

[1] Index returns are shown from December 31, 1989.