N-CSRS

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSRS

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

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, 2010

Date of reporting period: March 31, 2010

Item 1. Reports to Stockholders.

SEI Institutional International Trust

Semi-Annual Report as of March 31, 2010

International Equity Fund

Emerging Markets Equity Fund

International Fixed Income Fund

Emerging Markets Debt Fund

TABLE OF CONTENTS

Summary Schedules of Investments	1
Statements of Assets and Liabilities	20
Statements of Operations	21
Statements of Changes in Net Assets	22
Financial Highlights	24
Notes to Financial Statements	25
Disclosure of Fund Expenses	36
Board of Trustees Considerations in Approving the Funds’ Investment Advisory and Sub-Advisory Agreements	37
Shareholder Voting Results	40

The Trust files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q within sixty days after the end of the period. The Trust’s Form N-Q is available on the Commission’s website at http://www.sec.gov, and may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

A description of the policies and procedures that the Trust uses to determine how to vote proxies relating to portfolio securities, as well as information relating to how a Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-800-DIAL-SEI; and (ii) on the Commission’s website at http://www.sec.gov.

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

International Equity Fund

March 31, 2010

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
COMMON STOCK — 88.9%
Argentina — 0.1%
Other Securities	0.1	%		$	1,941
Australia — 5.5%
BHP Billiton	0.8		414,116		16,568
BHP Billiton ADR	0.2		59,900		4,811
Commonwealth Bank of Australia	0.6		234,794		12,131
National Australia Bank	0.4		323,916		8,182
Rio Tinto	0.3		80,892		5,821
Wesfarmers	0.4		255,237		7,447
Other Securities	2.8				60,223
					115,183
Austria — 0.2%
Other Securities	0.2				3,776
Belgium — 1.5%
Delhaize Group	0.4		95,166		7,662
InBev	0.5		180,686		9,118
Other Securities	0.6				14,346
					31,126
Bosnia and Herzegovina — 0.0%
Other Securities	0.0				298
Brazil — 0.6%
Banco Santander Brasil ADR	0.2		216,200		2,688
Other Securities	0.4				8,968
					11,656

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
Canada — 2.1%
Other Securities	2.1	%		$	44,255
Chile — 0.4%
Banco Santander Chile ADR	0.1		38,807		2,647
Other Securities	0.3				5,599
					8,246
China — 0.8%
Other Securities	0.8				17,142
Cyprus — 0.0%
Other Securities	0.0				72
Denmark — 1.3%
Novo Nordisk, Cl B	0.5		130,698		10,160
Other Securities	0.8				16,242
					26,402
Finland — 0.6%
Other Securities	0.6				12,915
France — 6.2%
BNP Paribas	0.5		134,756		10,368
Sanofi-Aventis	0.8		225,485		16,839
Schneider Electric	0.4		65,403		7,685
Total	0.5		160,790		9,351
Other Securities	4.0				86,126
					130,369
Germany — 6.3%
Allianz	0.4		58,594		7,360
BASF	0.8		253,749		15,767
Deutsche Boerse	0.4		115,585		8,583
Siemens	0.8		163,002		16,354
Other Securities	3.9				84,416
					132,480
Greece — 0.3%
Other Securities	0.3				5,693
Guernsey — 0.1%
Other Securities	0.1				3,092
Hong Kong — 2.7%
BOC Hong Kong Holdings	0.4		3,343,356		7,974
Other Securities	2.3				47,654
					55,628
India — 0.7%
Other Securities	0.7				15,096

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 1

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

International Equity Fund (Continued)

March 31, 2010

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
Indonesia — 0.1%
Other Securities	0.1	%		$	1,591
Ireland — 0.7%
Experian	0.4		812,957		7,997
Other Securities	0.3				5,758
					13,755
Israel — 0.6%
Other Securities	0.6				12,349
Italy — 1.9%
Enel	0.5		1,961,694		10,989
Other Securities	1.4				28,246
					39,235
Japan — 16.4%
Canon	0.4		167,500		7,762
Honda Motor	0.7		428,590		15,136
Jupiter Telecommunications (A)	0.4		7,506		8,676
Mitsubishi	0.6		492,891		12,924
Mitsui	0.4		533,368		8,967
Nissan Motor	0.6		1,323,029		11,341
Sony	0.4		229,100		8,778
Other Securities	12.9				269,746
					343,330
Jersey — 0.3%
Other Securities	0.3				5,893
Macau — 0.0%
Other Securities	0.0				64
Malaysia — 0.1%
Other Securities	0.1				1,718
Mauritius — 0.0%
Other Securities	0.0				926
Netherlands — 5.7%
Koninklijke Ahold	0.4		598,311		7,991
Koninklijke Philips Electronics	0.6		389,475		12,511
Royal Dutch Shell, Cl A	0.4		282,025		8,172
TNT	0.4		317,598		9,123
Unilever	1.0		679,800		20,600
Other Securities	2.9				61,064
					119,461
New Zealand — 0.1%
Other Securities	0.1				1,823
Norway — 1.3%
DnB	0.5		995,532		11,388

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
Other Securities	0.8	%		$	16,574
					27,962
Portugal — 0.3%
Other Securities	0.3				6,210
Russia — 0.1%
Other Securities	0.1				3,161
Singapore — 1.5%
Other Securities	1.5				30,655
South Africa — 0.3%
Other Securities	0.3				5,393
South Korea — 1.0%
Other Securities	1.0				20,292
Spain — 1.8%
Banco Santander Central Hispano	0.9		1,318,597		17,557
Other Securities	0.9				20,760
					38,317
Sweden — 1.9%
Other Securities	1.9				39,481
Switzerland — 7.8%
Credit Suisse Group	0.5		206,209		10,648
Nestle	1.4		586,130		30,071
Novartis	1.2		456,083		24,677
Roche Holding	0.7		85,521		13,894
Xstrata	0.4		483,229		9,152
Zurich Financial Services	0.5		39,587		10,166
Other Securities	3.1				64,352
					162,960
Taiwan — 0.6%
Other Securities	0.6				13,590
Thailand — 0.0%
Other Securities	0.0				889
Turkey — 0.2%
Other Securities	0.2				4,173
United Kingdom — 16.3%
Anglo American*	0.4		178,168		7,767
AstraZeneca	0.9		409,094		18,238
Barclays	0.7		2,722,469		14,879
BHP Billiton	0.7		420,064		14,401
BP	1.6		3,571,591		33,774
British American Tobacco	0.8		452,625		15,596
GlaxoSmithKline	0.5		546,373		10,488

2 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
HSBC Holdings	0.6	%	1,280,272	$	12,973
Imperial Tobacco Group	0.4		280,174		8,542
Rio Tinto	0.7		236,916		14,034
Unilever	0.1		33,695		989
Vodafone Group	1.1		10,274,917		23,691
WPP	0.4		804,473		8,335
Other Securities	7.4				157,941
					341,648
United States — 0.5%
Other Securities	0.5				9,994
Total Common Stock (Cost $1,682,757) ($ Thousands)					1,860,240
MORTGAGE-BACKED SECURITIES — 2.1%
Agency Mortgage-Backed Obligations — 0.6%
Other Securities	0.6				13,079
Non-Agency Mortgage-Backed Obligations — 1.5%
Other Securities	1.5				30,389
Total Mortgage-Backed Securities (Cost $44,147) ($ Thousands)					43,468
PREFERRED STOCK — 1.0%
Brazil — 0.6%
Other Securities	0.6				12,028
Germany — 0.4%
Other Securities	0.4				9,861
Total Preferred Stock (Cost $20,687) ($ Thousands)					21,889
ASSET-BACKED SECURITIES — 1.0%
Automotive — 0.3%
Other Securities	0.3				5,784
Credit Card — 0.5%
Other Securities	0.5				10,084
Mortgage Related Securities — 0.2%
Other Securities	0.2				4,350
Total Asset-Backed Securities (Cost $20,456) ($ Thousands)					20,218
CORPORATE OBLIGATIONS — 0.3%
Canada — 0.0%
Other Securities	0.0				392
Italy — 0.1%
Other Securities	0.1				667

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
Spain — 0.0%
Other Securities	0.0	%		$	426
United States — 0.2%
Other Securities	0.2				4,669
Total Corporate Obligations (Cost $6,691) ($ Thousands)					6,154
RIGHTS — 0.0%
Germany — 0.0%
Other Securities	0.0				7
Japan — 0.0%
Other Securities	0.0				9
Spain — 0.0%
Other Securities	0.0				1
Total Rights (Cost $0) ($ Thousands)					17
WARRANTS — 0.0%
Italy — 0.0%
Other Securities	0.0				6
Singapore — 0.0%
Other Securities	0.0				34
Total Warrants (Cost $0) ($ Thousands)					40
CASH EQUIVALENT — 3.1%
SEI Daily Income Trust, Prime Obligation Fund, Cl A 0.070%,†**	3.1		63,815		63,815
Total Cash Equivalent (Cost $63,815) ($ Thousands)					63,815
U.S. TREASURY OBLIGATIONS — 0.3%
Other Securities	0.3				6,636
Total U.S. Treasury Obligations (Cost $6,637) ($ Thousands)					6,636
AFFILIATED PARTNERSHIP — 1.5%
United States — 1.5%
SEI Liquidity Fund, L.P., 0.220%†** (B)	1.5		32,842,069		31,195
Total Affiliated Partnership (Cost $32,842) ($ Thousands)					31,195
Total Investments — 98.2% (Cost $1,878,032) ($ Thousands)†				$	2,053,672

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 3

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

International Equity Fund (Concluded)

March 31, 2010

A summary of the outstanding forward foreign currency contracts held by the Fund at March 31, 2010, is as follows:

Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
5/13/10	EUR	2,104	USD	2,851	$	5
5/13/10	USD	5,810	EUR	4,214		(109	)
					$	(104	)

A summary of the open futures contracts held by the Fund at March 31, 2010, is as follows:

Type of Contract	Number of Contracts Long (Short)	Expiration Date	Unrealized Appreciation (Depreciation) ($ Thousands)
DJ Euro Stoxx 50 Index	752	Jun-2010	$	319
FTSE Index	219	Jun-2010		178
Hang Seng Index	12	Apr-2010		10
MSCI EAFE Index E-MINI	13	Jun-2010		11
Nikkei 225 Index	25	Jun-2010		77
SPI 200 Index	64	Jun-2010		65
Topix Index	156	Jun-2010		1,007
			$	1,667

For the period ended March 31, 2010, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

A summary of outstanding swap agreements held by the Fund at March 31, 2010, is as follows:

Total Return Swap
Counterparty	Reference Entity/Obligation	Fund Pays	Fund Receives	Termination Date	Notional Amount (Thousands)	Net Unrealized Appreciation ($Thousands)
Morgan Stanley	MSCI Daily TR Net EAFE USD Market Index	3-Month LIBOR Minus 24 Bps	Price Return	01/13/11	102,220	$	5,410

Percentages are based on a Net Assets of $2,092,200($ Thousands).

* Non-income producing security

** Rate shown is the 7-day effective yield as of March 31, 2010.

† Affiliated security.

(A) This security or a partial position of this security is on loan at March 31, 2010. The total market value of securities on loan at March 31, 2010 was $30,851 ($ Thousands) (See Note 9).

(B) This security was purchased with cash collateral held from securities on loan (see Note 9). The total value of such securities as of March 31, 2010 was $31,195 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

EUR — Euro

LIBOR — London Interbank Offered Rate

L.P. — Limited Partnership

Ser — Series

USD — U.S. Dollar

Amounts designated as “—” are $0 or have been rounded to $0.

The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed above may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available (i) without charge, upon request, by calling (800) 342-5734; and (ii) on the SEC’s website at http://www.sec.gov.

The following is a summary of the inputs used as of March 31, 2010 in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,860,240	$	—	$	—	$	1,860,240
Mortgage-Backed Securities		—		43,468		—		43,468
Preferred Stock		21,889		—		—		21,889
Asset-Backed Securities		—		20,218		—		20,218
Corporate Obligations		—		6,154		—		6,154
Rights		8		9		—		17
Warrants		6		34		—		40
Cash Equivalent		63,815		—		—		63,815
U.S. Treasury Obligations		—		6,636		—		6,636
Affiliated Partnership		—		31,195		—		31,195
Total	$	1,945,958	$	107,714	$	—	$	2,053,672

Other Financial Instruments*	Level 1		Level 2			Level 3		Total
Forwards	$	—	$	(104	)	$	—	$	(104	)
Futures		1,667		—			—		1,667
Total Return Swap		—		5,410			—		5,410
Total Other Financial Instruments	$	1,667	$	5,306		$	—	$	6,973

* Other Financial Instruments are valued at unrealized appreciation/depreciation.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

4 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

Emerging Markets Equity Fund

March 31, 2010

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
COMMON STOCK — 90.7%
Argentina — 0.5%
Other Securities	0.5	%		$	4,456
Australia — 0.0%
Other Securities	0.0				352
Brazil — 8.3%
Itau Unibanco Holding ADR	0.5		203,889		4,484
Petroleo Brasileiro	0.8		346,429		7,685
Petroleo Brasileiro ADR	0.2		43,754		1,947
Usinas Siderurgicas de Minas Gerais	0.4		107,935		3,787
Vale ADR, Cl B	0.9		253,460		8,159
Vale	0.6		163,100		5,193
Other Securities	4.9				47,277
					78,532
Canada — 0.1%
Other Securities	0.1				836
Chile — 1.1%
Enersis ADR	0.4		185,817		3,714
Other Securities	0.7				6,450
					10,164
China — 10.8%
Bank of China	0.7		12,813,000		6,832
China Citic Bank	0.1		1,213,000		909
China Construction Bank, Cl H	1.3		14,734,250		12,069
China Life Insurance, Cl H	0.5		868,793		4,162
China Shenhua Energy	0.0		46,500		201
Industrial & Commercial Bank of China	1.0		12,559,959		9,576
PetroChina, Cl H	0.4		3,480,208		4,070

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
PetroChina ADR	0.2	%	11,290	$	1,323
Tencent Holdings	0.4		203,300		4,079
Other Securities	6.2				58,979
					102,200
Colombia — 0.1%
Other Securities	0.1				630
Czech Republic — 0.3%
Other Securities	0.3				2,501
Egypt — 0.6%
Other Securities	0.6				5,667
Hong Kong — 6.0%
China Mobile	1.3		1,314,457		12,646
China Mobile ADR	0.2		39,500		1,901
China Overseas Land & Investment	0.1		442,000		998
China Resources Power Holdings	0.1		417,800		894
CNOOC ADR	0.0		810		134
CNOOC	0.9		5,324,448		8,764
Cosco International Holdings	0.0		180,000		112
Dah Chong Hong Holdings	0.0		93,000		63
Industrial and Commercial Bank of China Asia	0.1		250,000		626
Kunlun Energy	0.2		978,159		1,373
Other Securities	3.1				29,269
					56,780
Hungary — 0.3%
Other Securities	0.3				2,923
India — 7.9%
Bank of India	0.4		528,726		4,007
Other Securities	7.5				70,340
					74,347
Indonesia — 2.3%
Bank Mandiri	0.4		6,989,592		4,109
Other Securities	1.9				17,983
					22,092
Israel — 1.4%
Teva Pharmaceutical Industries	0.5		69,817		4,469
Teva Pharmaceutical Industries ADR	0.4		61,556		3,883
Other Securities	0.5				5,208
					13,560
Kazakhstan — 0.3%
Other Securities	0.3				2,745

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 5

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

Emerging Markets Equity Fund (Continued)

March 31, 2010

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
Malaysia — 1.8%
Malayan Banking	0.4	%	1,586,867	$	3,634
Other Securities	1.4				13,181
					16,815
Mexico — 5.0%
America Movil, Ser L	0.6		2,346,969		5,932
America Movil ADR, Ser L	0.8		147,757		7,438
Grupo Financiero Banorte, Cl O* (A)	0.4		814,214		3,623
Grupo Mexico, Ser B	0.4		1,315,320		3,547
Urbi Desarrollos Urbanos* (A)	0.4		1,695,747		4,030
Other Securities	2.4				22,767
					47,337
Netherlands — 0.1%
Other Securities	0.1				717
Pakistan — 0.1%
Other Securities	0.1				1,262
Panama — 0.2%
Other Securities	0.2				2,043
Peru — 0.0%
Other Securities	0.0				458
Philippines — 0.3%
Other Securities	0.3				2,511
Poland — 1.0%
Other Securities	1.0				9,078
Russia — 6.3%
Lukoil ADR	1.1		192,633		10,922
MMC Norilsk Nickel ADR*	0.4		198,424		3,653
Mobile Telesystems ADR	0.4		71,738		3,981
OAO Gazprom ADR	1.7		677,533		15,807
Rosneft Oil GDR	0.5		578,580		4,588
VTB Bank GDR	0.2		364,348		2,018
Other Securities	2.0				18,309
					59,278
Singapore — 0.1%
Other Securities	0.1				609
South Africa — 7.0%
Impala Platinum Holdings	0.5		167,083		4,869
MTN Group	0.8		487,740		7,438
Sasol	0.7		156,787		6,463
Other Securities	5.0				47,726
					66,496

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
South Korea — 12.8%
Korean Air Lines	0.4	%	60,832	$	3,575
LG Electronics	0.6		56,891		5,782
LG Philips LCD	0.7		187,370		6,616
POSCO ADR	0.1		4,850		567
POSCO	0.9		19,142		8,933
Samsung Electronics	3.2		42,370		30,632
Shinhan Financial Group	0.9		211,230		8,298
Other Securities	6.0				56,546
					120,949
Sweden — 0.1%
Other Securities	0.1				1,224
Taiwan — 10.2%
Chinatrust Financial Holding	0.4		6,487,861		3,677
Hon Hai Precision Industry	1.2		2,546,134		11,024
MediaTek	0.6		337,857		5,862
Quanta Computer	0.5		2,406,592		4,668
Taiwan Semiconductor Manufacturing	1.4		6,747,456		13,067
Taiwan Semiconductor Manufacturing ADR	0.2		183,906		1,929
United Microelectronics	0.6		10,685,312		5,669
Other Securities	5.3				50,746
					96,642
Thailand — 2.5%
Other Securities	2.5				23,510
Turkey — 2.6%
Other Securities	2.6				24,950
United Arab Emirates — 0.1%
Other Securities	0.1				808
United Kingdom — 0.4%
Other Securities	0.4				4,184
United States — 0.1%
Other Securities	0.1				539
Total Common Stock (Cost $684,034) ($ Thousands)					857,195
PREFERRED STOCK — 7.3%
Brazil — 7.3%
Investimentos Itau	0.6		822,963		5,616
Itau Unibanco Holding	0.5		228,971		4,996
Petroleo Brasileiro	1.0		478,542		9,449
Petroleo Brasileiro Sponsored ADR, Cl A	1.1		266,655		10,557
Vale, Cl A	1.0		322,431		8,916

6 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

Emerging Markets Equity Fund (Concluded)

March 31, 2010

Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
Vale ADR ADR, Cl B	0.6	%	192,476	$	5,343
Other Securities	2.5				24,032
Total Preferred Stock (Cost $41,180) ($ Thousands)					68,909
DEBENTURE BOND — 0.0%
Brazil — 0.0%
Vale, Ser 1997
0.000%, 09/30/49 (B)	0.0		8		—
Total Debenture Bond (Cost $—) ($ Thousands)					—
EXCHANGE TRADED FUND — 0.0%
United States — 0.0%
Other Securities	0.0				171
Total Exchange Traded Fund (Cost $163) ($ Thousands)					171
EQUITY-LINKED WARRANTS — 0.2%
Russia — 0.2%
Other Securities	0.2				1,801
United Arab Emirates — 0.0%
Other Securities	0.0				266
Total Equity-Linked Warrants (Cost $1,780) ($ Thousands)					2,067
CASH EQUIVALENT — 1.1%
SEI Daily Income Trust, Prime Obligation Fund,
Cl A 0.070%,†**	1.1		10,485		10,485
Total Cash Equivalent (Cost $10,485) ($ Thousands)					10,485
AFFILIATED PARTNERSHIP — 3.5%
United States — 3.5%
SEI Liquidity Fund, L.P.,
0.220%†** (C)	3.5		34,041,277		33,072
Total Affiliated Partnership (Cost $34,041) ($ Thousands)					33,072
Total Investments — 102.8% (Cost $771,683) ($ Thousands)				$	971,899

Percentages are based on a Net Assets of $945,234($ Thousands)

* Non-income producing security

** Rate shown is the 7-day effective yield as of March 31, 2010

† Affiliated security.

(A) This security or a partial position of this security is on loan at March 31, 2010. The total market value of securities on loan at March 31, 2010 was $32,441. ($ Thousands) (See Note 9).

(B) Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of March 31, 2010.

(C) This security was purchased with cash collateral held from securities on loan (see Note 9). The total value of such securities as of March 31, 2010 was $33,072 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

L.P. — Limited Partnership

Ser — Series

USD — U.S. Dollar

Amounts designated as “—” are $0 or have been rounded to $0.

The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed above may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available (i) without charge, upon request, by calling (800) 342-5734; and (ii) on the SEC’s website at http://www.sec.gov.

The following is a summary of the inputs used as of March 31, 2010 in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	857,188	$	—	$	7	$	857,195
Preferred Stock		68,909		—		—		68,909
Debenture Bond		—		—		—		—
Exchange Traded Fund		171		—		—		171
Equity-Linked Warrants		969		1,098		—		2,067
Cash Equivalent		10,485		—		—		10,485
Affiliated Partnership		—		33,072		—		33,072
Total	$	937,722	$	34,170	$	7	$	971,899

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value ($ Thousands):

	Common Stock
Beginning balance as of October 1, 2009	$	7
Change in unrealized appreciation/(depreciation)		—
Accrued discounts/premiums		—
Amortization sold		—
Realized gain/(loss)		—
Net purchases/sales		—
Ending balance as of March 31, 2010	$	7
Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date.	$	—

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 7

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

International Fixed Income Fund

March 31, 2010

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)	Market Value ($ Thousands)
GLOBAL BONDS — 81.2%
Australia — 1.7%
Other Securities	1.7	%		$	9,034
Austria — 0.3%
Other Securities	0.3				1,802
Belgium — 1.7%
Kingdom of Belgium, Ser 31
5.500%, 03/28/28	0.6		2,022		3,260
Kingdom of Belgium, Ser 44
5.000%, 03/28/35	0.1		325		495
Kingdom of Belgium, Ser 48
4.000%, 03/28/22	0.5		2,100		2,937
Kingdom of Belgium, Ser 55
4.000%, 03/28/19	0.1		400		569
Kingdom of Belgium, Ser 56
3.500%, 03/28/15	0.2		750		1,068
Other Securities	0.2				980
					9,309
Brazil — 0.3%
Other Securities	0.3				1,351
Canada — 3.5%
Export Development Canada MTN
2.375%, 03/19/12	0.1		800		819
Government of Canada
5.750%, 06/01/33	0.3		1,300		1,591
5.000%, 06/01/37	0.5		2,200		2,495
5.000%, 06/01/14	0.5		2,500		2,686
4.000%, 06/01/16	0.5		2,438		2,521
3.750%, 06/01/12	0.7		3,685		3,775
3.750%, 06/01/19	0.1		630		629
Other Securities	0.8				4,643
					19,159

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)	Market Value ($ Thousands)
Chile — 0.1%
Other Securities	0.1	%		$	656
Colombia — 0.1%
Other Securities	0.1				263
Croatia — 0.1%
Other Securities	0.1				462
Czech Republic — 0.1%
Other Securities	0.1				296
Denmark — 0.6%
Other Securities	0.6				3,489
Finland — 0.2%
Other Securities	0.2				835
France — 7.5%
Caisse d’Amortissement de la Dette Sociale MTN
4.500%, 09/04/13	0.7		2,600		3,817
EDF MTN
6.875%, 12/12/22	0.1		300		519
French Treasury Note BTAN
2.500%, 01/12/14	0.6		2,475		3,429
Government of France
4.750%, 04/25/35	0.7		2,465		3,728
4.500%, 04/25/41	0.2		950		1,392
4.250%, 04/25/19	0.2		620		905
3.750%, 04/25/21	0.6		2,300		3,177
3.750%, 10/25/19	0.4		1,450		2,029
3.500%, 04/25/20	1.0		4,000		5,448
3.500%, 04/25/15	0.1		535		763
Other Securities	2.9				15,710
					40,917
Germany — 13.1%
Bundesrepublik Deutschland, Ser 00
5.500%, 01/04/31	0.2		525		879
Bundesrepublik Deutschland, Ser 02
5.000%, 01/04/12	1.0		3,850		5,580
Bundesrepublik Deutschland, Ser 03
4.750%, 07/04/34	0.7		2,460		3,788
4.250%, 01/04/14	0.6		2,150		3,176
Bundesrepublik Deutschland, Ser 04
3.750%, 01/04/15	2.5		9,250		13,442
Bundesrepublik Deutschland, Ser 06
3.750%, 01/04/17	0.9		3,250		4,703
Bundesrepublik Deutschland, Ser 07
4.250%, 07/04/39	0.3		1,300		1,892
Bundesrepublik Deutschland, Ser 08
4.750%, 07/04/40	1.7		5,955		9,372

8 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)	Market Value ($ Thousands)
4.250%, 07/04/18	0.2	%	700	$	1,039
3.750%, 01/04/19	0.1		550		787
Bundesrepublik Deutschland, Ser 09
3.500%, 07/04/19	0.5		2,090		2,930
3.250%, 01/04/20	1.7		6,725		9,216
Bundesschatzanweisungen
1.000%, 03/16/12	0.3		1,000		1,354
Kreditanstalt fuer Wiederaufbau MTN
5.375%, 01/29/14	0.3		950		1,582
4.375%, 10/11/13	0.3		1,050		1,540
3.875%, 01/21/19	0.3		1,075		1,522
Landwirtschaftliche Rentenbank
3.250%, 03/12/14	0.1		550		776
Other Securities	1.4				7,531
					71,109
Greece — 1.5%
Hellenic Republic Government Bond
6.500%, 10/22/19	0.1		375		507
6.250%, 06/19/20	0.4		1,500		1,949
6.000%, 07/19/19	0.0		150		196
5.500%, 08/20/14	0.5		2,100		2,763
5.250%, 05/18/12	0.5		2,000		2,695
4.500%, 09/20/37	0.0		200		198
					8,308
Hungary — 0.0%
Other Securities	0.0				160
Ireland — 1.3%
Government of Ireland
5.000%, 10/18/20	0.6		2,350		3,281
Other Securities	0.7				3,912
					7,193
Italy — 3.9%
Intesa Sanpaolo MTN
6.375%, 04/06/10	0.5		2,150		2,910
Italy Buoni Poliennali Del Tesoro
5.750%, 02/01/33	0.4		1,570		2,438
4.250%, 09/01/19	0.4		1,400		1,975
4.250%, 04/15/13	0.5		1,925		2,782
4.250%, 02/01/19	0.5		2,075		2,948
3.500%, 06/01/14	0.3		1,100		1,554
Other Securities	1.2				6,272
					20,879
Japan — 13.4%
Government of Japan 10 Year Bond, Ser 284
1.700%, 12/20/16	0.7		328,400		3,708

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)	Market Value ($ Thousands)
Government of Japan 10 Year Bond, Ser 286
1.800%, 06/20/17	0.1	%	49,150	$	557
Government of Japan 10 Year Bond, Ser 288
1.700%, 09/20/17	3.7		1,779,950		20,022
Government of Japan 10 Year Bond, Ser 296
1.500%, 09/20/18	0.6		316,000		3,474
Government of Japan 10 Year Bond, Ser 298
1.300%, 12/20/18	0.9		460,700		4,969
Government of Japan 10 Year Bond, Ser 301
1.500%, 06/20/19	0.5		235,300		2,565
Government of Japan 2 Year Bond, Ser 287
0.300%, 12/15/11	1.0		487,600		5,230
Government of Japan 20 Year Bond, Ser 109
1.900%, 03/20/29	0.5		256,000		2,642
Government of Japan 20 Year Bond, Ser 112
2.100%, 06/20/29	0.7		375,000		3,995
Government of Japan 20 Year Bond, Ser 48
2.500%, 12/21/20	0.6		289,450		3,399
Government of Japan 20 Year Bond, Ser 99
2.100%, 12/20/27	1.3		634,300		6,826
Government of Japan 30 Year Bond, Ser 29
2.400%, 09/20/38	0.2		103,250		1,129
Government of Japan 5 Year Bond, Ser 79
0.700%, 12/20/13	1.6		772,800		8,366
Government of Japan CPI Linked Bond, Ser 16
1.400%, 06/10/18	0.5		261,555		2,729
Government of Japan 5 Year Bond, Ser 63
1.200%, 03/20/12	0.4		218,000		2,380
Other Securities	0.1				505
					72,496
Jersey — 0.1%
Other Securities	0.1				340
Lithuania — 0.1%
Other Securities	0.1				464
Malaysia — 0.1%
Other Securities	0.1				723

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 9

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

International Fixed Income Fund (Continued)

March 31, 2010

Description	Percentage of Net Assets (%)			Face Amount (Thousands) (1)	Market Value ($ Thousands)
Mexico — 0.3%
Other Securities	0.3	%			$	1,474
Netherlands — 6.0%
Government of Netherlands
4.500%, 07/15/17	0.4			1,500		2,246
4.000%, 07/15/18	1.2			4,325		6,254
4.000%, 01/15/37	0.0			200		274
4.000%, 07/15/16	0.5			1,700		2,481
3.750%, 07/15/14	0.1			475		689
Other Securities	3.8					20,856
						32,800
New Zealand — 0.1%
Other Securities	0.1					494
Norway — 0.6%
Other Securities	0.6					3,153
Peru — 0.1%
Other Securities	0.1					275
Poland — 0.6%
Republic of Poland, Ser 1019
5.500%, 10/25/19	0.5			7,535		2,638
Other Securities	0.1					667
						3,305
Portugal — 0.2%
Other Securities	0.2					1,236
Russia — 0.4%
Other Securities	0.4					2,412
Singapore — 0.5%
Other Securities	0.5					2,871
South Africa — 0.1%
Other Securities	0.1					751
Spain — 1.0%
Other Securities	1.0					5,422
Supra-National — 1.8%
European Investment Bank
3.500%, 04/15/16	0.5			1,975		2,793
2.375%, 07/10/20	0.2			1,140		1,100
1.400%, 06/20/17	0.7		JPY	340,800		3,739
Other Securities	0.4					2,100
						9,732
Sweden — 2.0%
Kingdom of Sweden, Ser 1041
6.750%, 05/05/14	0.3			9,325		1,526

Description	Percentage of Net Assets (%)			Face Amount (Thousands) (1)	Market Value ($ Thousands)
Kingdom of Sweden, Ser 1049
4.500%, 08/12/15	0.8	%		26,950	$	4,118
Kingdom of Sweden, Ser 1052
4.250%, 03/12/19	0.1			2,000		303
Other Securities	0.8					4,688
						10,635
Switzerland — 1.4%
Other Securities	1.4					7,572
United Arab Emirates — 0.1%
Other Securities	0.1					574
United Kingdom — 8.9%
Barclays Bank
14.000%, 06/15/19 (A)	0.0			100		197
6.750%, 05/22/19	0.1			350		387
6.750%, 01/16/23 (A)	0.1			350		549
5.000%, 09/22/16	0.1			705		725
4.500%, 03/04/19 (A)	0.0			125		172
Chester Asset Receivables, Ser A
6.125%, 10/15/10	0.5		EUR	2,160		2,947
Royal Bank of Scotland MTN
6.934%, 04/09/18	0.1			300		418
5.750%, 05/21/14	0.1			250		358
United Kingdom Treasury
5.000%, 03/07/25	0.1			250		406
4.750%, 03/07/20	0.2			500		805
4.750%, 12/07/38	0.2			815		1,285
4.750%, 09/07/15	0.3			910		1,512
4.750%, 12/07/30	0.2			800		1,257
4.500%, 12/07/42	0.1			335		510
4.500%, 03/07/19	0.4			1,395		2,222
4.250%, 12/07/49	0.0			85		124
4.250%, 03/07/36	0.1			375		545
4.250%, 06/07/32	0.3			950		1,397
4.250%, 09/07/39	0.1			325		471
4.000%, 09/07/16	0.3			1,100		1,748
2.750%, 01/22/15	0.2			850		1,292
2.250%, 03/07/14	0.1			370		560
Other Securities	5.3					28,603
						48,490
United States — 7.4%
BA Covered Bond Issuer MTN
4.125%, 04/05/12	0.8		EUR	3,100		4,324
Citigroup
5.500%, 04/11/13	0.1			500		525
4.250%, 02/25/30 (A)	0.2			850		896
Other Securities	6.0					34,576
						40,320
Total Global Bonds (Cost $442,098) ($ Thousands)						440,761

10 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Description	Percentage of Net Assets (%)			Face Amount (Thousands) (1)	Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES — 3.3%
Non-Agency Mortgage-Backed Obligation — 3.3%
Citigroup Commercial Mortgage Trust, Ser 2007-C6, Cl A4
5.700%, 06/10/17 (A)	0.2	%		1,140	$	1,135
Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4
6.095%, 04/01/10 (A)	0.1			405		408
Citigroup Mortgage Loan Trust, Ser 2005-2, Cl 1A4
5.110%, 05/25/35 (A)	0.3			1,708		1,464
Gracechurch Mortgage Financing, Ser 2006-1, Cl C3
0.930%, 11/20/56 (A)	0.1			250		319
Gracechurch Mortgage Financing, Ser 2007-1X, Cl 3A2
0.760%, 11/20/56 (A)	0.5			2,000		2,657
Other Securities	0.6					11,821
Total Mortgage-Backed Securities (Cost $19,672) ($ Thousands)						17,804
CORPORATE OBLIGATIONS — 2.8%
United States — 2.8%
International Lease Finance
8.750%, 03/15/17 (B)	0.0			175		179
8.625%, 09/15/15 (B)	0.0			175		179
Other Securities	2.8					14,565
Total Corporate Obligations (Cost $14,520) ($ Thousands)						14,923
ASSET-BACKED SECURITIES — 1.9%
Automotive — 0.7%
Other Securities	0.1					3,718
Credit Card — 0.5%
Citibank Credit Card Issuance Trust, Ser A4, Cl A4
5.375%, 04/11/11	0.5		EUR	1,900		2,626
Mortgage Related Securities — 0.2%
Other Securities	0.2					1,466
Other Asset-Backed Securities — 0.5%
Lambda Finance, Ser 2005-1X, Cl A2
0.902%, 11/15/29 (A)	0.1			518		688
Other Securities	0.4					2,001
						2,689
Total Asset-Backed Securities (Cost $10,519) ($ Thousands)						10,499

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)	Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS — 1.3%
U.S. Treasury Bonds
4.250%, 05/15/39	0.2	%	1,060	$	982
3.500%, 02/15/39	0.0		75		61
U.S. Treasury Notes
4.500%, 11/15/15	0.2		1,100		1,202
2.625%, 07/31/14	0.1		700		709
2.000%, 11/30/13	0.8		4,300		4,309
Total U.S. Treasury Obligations (Cost $7,311) ($ Thousands)					7,263
Total Investments — 90.5% (Cost $494,120) ($ Thousands)				$	491,250

A summary of the outstanding forward foreign currency contracts held by the Fund at March 31, 2010, is as follows:

Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
4/6/10-6/16/10	EUR	304,051	USD	411,036	$	(338	)
4/7/10	USD	789	MXP	9,904		14
4/7/10-6/16/10	CAD	44,449	USD	43,363		(458	)
4/7/10-6/16/10	GBP	50,205	USD	75,605		(527	)
4/7/10-6/16/10	JPY	12,714,872	USD	140,483		4,348
4/7/10-6/16/10	MXP	27,219	USD	2,136		(65	)
4/7/10-6/16/10	NOK	5,907	USD	989		(4	)
4/7/10-6/16/10	SEK	46,592	USD	6,378		(97	)
4/7/10-6/16/10	USD	26,832	CAD	27,566		345
4/7/10-6/16/10	USD	114,621	EUR	85,817		1,495
4/7/10-6/16/10	USD	21,759	GBP	14,582		359
4/7/10-6/16/10	USD	31,374	JPY	2,876,986		(580	)
4/7/10-6/16/10	USD	20,701	NOK	123,239		20
4/7/10-6/16/10	USD	27,792	SEK	200,715		109
4/8/10	EUR	1,780	CHF	2,586		49
4/8/10-6/17/10	CHF	26,900	USD	25,050		(527	)
4/15/10-6/16/10	USD	2,340	AUD	2,657		87
4/29/10-6/16/10	USD	2,089	KRW	2,366,115		4
4/30/10	TWD	2,660	USD	84		—
4/30/10	USD	250	TWD	7,930		1
5/10/10-6/16/10	PLN	8,969	USD	3,073		(60	)
6/1/10	EUR	3,255	NOK	26,407		34
6/1/10	NOK	25,800	EUR	3,208		4
6/1/10	NOK	65,110	GBP	7,285		102
6/4/10-6/16/10	DKK	11,650	USD	2,123		6
6/16/10	AUD	3,557	USD	3,189		(47	)
6/16/10	CZK	17,299	USD	918		(3	)
6/16/10	HUF	117,984	USD	595		(1	)
6/16/10	KRW	377,419	USD	332		(2	)
6/16/10	MYR	1,001	USD	302		(4	)
6/16/10	NZD	4,450	USD	3,116		(23	)
6/16/10	SGD	3,411	USD	2,435		(5	)
6/16/10	USD	986	CHF	1,044		7
6/16/10	USD	297	CZK	5,565		(1	)
6/16/10	USD	871	HUF	172,259		(1	)
6/16/10	USD	1,809	NZD	2,584		14
6/16/10	USD	421	SGD	590		1
6/16/10	ZAR	4,016	USD	527		(14	)
					$	4,242

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 11

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

International Fixed Income Fund (Continued)

March 31, 2010

A summary of the open futures contracts held by the Fund at March 31, 2010, is as follows:

Type of Contract	Number of Contracts Long (Short)		Expiration Date	Unrealized Appreciation (Depreciation) ($ Thousands)
Australian 10-Year Bond	(24	)	Jun-2010	$	31
Australian 3-Year Bond	(24	)	Jun-2010		7
Canadian 10-Year Bond	16		Jun-2010		(9	)
Euro-Bobl	51		Jun-2010		11
Euro-Bund	(26	)	Jun-2010		(8	)
Euro-Buxl 30 Year Bond	(6	)	Jun-2010		(10	)
Euro-Schatz	41		Jun-2010		7
Japanese 10-Year Bond	6		Jun-2000		(70	)
Long Gilt 10-Year Bond	10		Jun-2010		(3	)
U.S. 10-Year Treasury Note	(55	)	Jun-2010		6
U.S. 2-Year Treasury Note	(56	)	Jul-2010		17
U.S. 5-Year Treasury Note	(162	)	Jun-2010		17
U.S. Long Treasury Bond	(18	)	Jun-2010		(22	)
U.S. Long Treasury Bond	7		Jun-2010		5
				$	(21	)

For the period ended March 31, 2010, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

A summary of outstanding swap agreements held by the Fund at March 31, 2010, is as follows:

Credit Default Swaps
Counterparty	Reference Entity/Obligation	Buy/Sell Protection	(Pays)/ Receives Rate		Termination Date	Notional Amount (Thousands)			Net Unrealized Appreciation (Depreciation) ($Thousands)
Deutsche Bank	United Utilities 6.875% 08/15/28	BUY	0.77	%	03/20/15		1,400		$	17
Deutsche Bank	Wolters Kluwer NV, 5.125% 01/27/14	BUY	(0.90	)	03/20/14	EUR	1,400			(34	)
Morgan Stanley	Prudential Financial 4.500% 07/15/13	SELL	5.00		09/20/14		(350	)		54
Morgan Stanley	Spanish Government, 5.500% 07/30/17	BUY	(1.00	)	09/20/14	EUR	4,100			66
UBS Warburg	iTraxx Europe Crossover Series 13	SELL	4.65		06/20/15	EUR	(5,000	)		113
									$	216

Interest Rate Swaps
Counterparty	Fund Pays	Fund Receives	Termination Date	Notional Amount (Thousands)		Net Unrealized Appreciation (Depreciation) ($Thousands)
Barclays Bank PLC	3.83%	3-Month LIBOR	03/31/20		2,650,000	$	(3	)
Citigroup	3.79%	6-Month GBP LIBOR	05/19/19	GBP	2,500,000		(67	)
Deutsche Bank	3.45%	6-Month EUR LIBOR	10/16/19	EUR	3,400,000		(142	)
Deutsche Bank	6-Month EURIBOR	4.17%	03/28/13	EUR	7,000,000		666
Deutsche Bank	4.31%	6-Month EURIBOR	04/07/10	EUR	6,500,000		(334	)
Citibank	3-Month LIBOR	4.43%	03/22/40		2,400,000		(28	)
JPMorgan Chase Bank	6-Month JPY LIBOR	2.22%	03/26/27	JPY	750,000,000		182
JPMorgan Chase Bank	6-Month EURIBOR	4.38%	01/07/13	EUR	5,400,000		579
JPMorgan Chase Bank	4.20%	6-Month EURIBOR	03/30/12	EUR	3,000,000		(223	)
JPMorgan Chase Bank	6-Month JPY LIBOR	1.29%	03/26/12	JPY	1,300,000,000		228
						$	858

Percentages are based on a Net Assets of $542,862($ Thousands).

(1) In U.S. Dollars unless otherwise indicated.

(A) Variable Rate Security — The rate reported on the Summary Schedule of Investments is the rate in effect as of March 31, 2010.

(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.

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

EURIBOR — Euro London Interbank Offered Rate

EUR — Euro

GBP — British Pound Sterling

JPY — Japanese Yen

KRW — Korean Won

LIBOR — London Interbank Offered Rate

MTN — Medium Term Note

MXP — Mexican Peso

MYR — Malaysian Ringgits

NOK — Norwegian Krone

12 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

International Fixed Income Fund (Concluded)

March 31, 2010

NZD — New Zealand Dollar

PLN — Polish Zloty

SEK — Swedish Krona

Ser — Series

TWD — New Taiwan Dollar

USD — U.S. Dollar

Amounts designated as “—” are $0 or have been rounded to $0.

The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed above may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available (i) without charge, upon request, by calling (800) 342-5734; and (ii) on the SEC’s website at http://www.sec.gov.

The following is a summary of the inputs used as of March 31, 2010 in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3		Total
Global Bonds	$	—	$	440,756	$	5	$	440,761
Mortgage-Backed Securities		—		17,804		—		17,804
Corporate Obligations		—		14,923		—		14,923
Asset-Backed Securities		—		10,499		—		10,499
U.S. Treasury Obligations		—		7,263		—		7,263
Total	$	—	$	491,245	$	5	$	491,250

Other Financial Instruments*	Level 1			Level 2		Level 3		Total
Forwards	$	—		$	4,242	$	—	$	4,242
Futures		(21	)		—		—		(21	)
Credit Default Swaps		—			216		—		216
Interest Rate Swaps		—			858		—		858
Total Other Financial Instruments	$	(21	)	$	5,316	$	—	$	5,295

* Other Financial Instruments are valued at unrealized appreciation/depreciation.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value ($ Thousands):

	Global Bonds
Beginning balance as of October 1, 2009	$	5
Change in unrealized appreciation/(depreciation)		—
Accrued discounts/premiums		—
Amortization sold		—
Realized gain/(loss)		—
Net purchases/sales		—
Ending balance as of March 31, 2010	$	5
Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date.	$	—

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 13

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

Emerging Markets Debt Fund

March 31, 2010

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)		Market Value ($ Thousands)
GLOBAL BONDS — 90.8%
Argentina — 5.4%
Republic of Argentina
12.000%, 09/19/16	0.0	%		1,000	$	284
11.750%, 05/20/11 (A)	0.1			2,554		760
10.566%, 12/15/35 (B) (C)	0.0			3,655		254
10.000%, 01/03/07 (A)	0.1		ITL	3,000,000		917
9.250%, 07/20/04 (A)	0.1			1,375		791
9.000%, 05/26/49 (A)	0.2			2,650		1,535
9.000%, 05/24/49 (A)	0.1			1,400		846
9.000%, 07/01/11	0.1			1,125		654
8.750%, 02/04/49 (A)	0.1			1,375		817
8.500%, 07/01/49 (A)	0.1			775		448
8.500%, 07/30/10 (A)	0.1			2,000		1,157
8.280%, 12/31/33	0.7			8,012		6,009
8.125%, 04/21/49 (A)	0.3			4,200		2,438
8.000%, 02/25/32 (A)	0.1			864		520
8.000%, 02/26/08 (A)	0.1			1,000		589
7.820%, 12/31/33	0.1			708		613
7.625%, 03/31/05 (A)	0.1			1,120		526
7.625%, 08/11/07 (A)	0.1		ITL	2,325,000		668
7.000%, 03/18/49	0.0		ITL	1,475,000		423
7.000%, 10/03/15	1.5			15,165		12,631
3.380%, 09/30/10 (D)	0.1			2,950		1,207
3.169%, 12/15/35 (B)	0.1			7,705		578
2.500%, 03/31/19 (D)	0.3			6,690		2,402
0.000%, 08/03/12 (B)	0.5			12,605		4,248
0.000%, 07/13/49 (A)	0.1		ITL	3,245,000		941
Other Securities	0.3					3,348
						45,604
Bahrain — 0.1%
Other Securities	0.1					1,205
Barbados — 0.2%
Other Securities	0.2					1,752
Belize — 0.0%
Other Securities	0.0					276

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)		Market Value ($ Thousands)
Bosnia and Herzegovina — 0.1%
Other Securities	0.1	%			$	1,170
Brazil — 9.2%
Banco Nacional de
Desenvolvimento Economico e Social
6.500%, 06/10/19 (E)	0.3			2,325		2,482
5.500%, 07/12/20 (E)	0.1			600		594
Federal Republic of Brazil
12.250%, 03/06/30	0.0			175		304
11.000%, 08/17/40	1.5			9,507		12,725
10.125%, 05/15/27	0.8			4,485		6,582
8.875%, 10/14/19	0.2			1,155		1,487
8.875%, 04/15/24	0.4			2,720		3,590
8.750%, 02/04/25	0.5			3,285		4,336
8.250%, 01/20/34	0.8			5,440		6,936
8.000%, 01/15/18	0.2			1,689		1,968
7.125%, 01/20/37	0.3			2,235		2,545
6.000%, 01/17/17	0.3			2,600		2,825
5.875%, 01/15/19	0.9			6,865		7,380
5.625%, 01/07/41	0.1			800		753
Nota Do Tesouro Nacional
10.000%, 01/01/17	1.4			22,441		11,607
10.000%, 01/01/21	0.8			14,730		7,247
Other Securities	0.6					4,911
						78,272
Chile — 0.2%
Other Securities	0.2					1,618
China — 0.1%
Other Securities	0.1					615
Colombia — 4.3%
Bogota Distrio Capital
9.750%, 07/26/28 (E)	0.6		COP	9,441,000		5,218
Ecopetrol
7.625%, 07/23/19 (E)	0.1			500		555
Republic of Colombia
11.750%, 02/25/20	0.4			2,095		3,069
10.375%, 01/28/33	0.1			450		643
9.850%, 06/28/27	0.1		COP	1,684,000		1,030
8.125%, 05/21/24	0.4			3,150		3,780
7.375%, 09/18/37	1.4			10,800		12,096
7.375%, 01/27/17	0.5			4,075		4,686
7.375%, 03/18/19	0.6			4,395		5,054
6.125%, 01/18/41	0.1			775		740
						36,871
Croatia — 0.3%
Other Securities	0.3					2,157

14 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)		Market Value ($ Thousands)
Czech Republic — 0.1%
Other Securities	0.1	%			$	664
Dominican Republic — 0.0%
Other Securities	0.0					18
Ecuador — 0.1%
Other Securities	0.1					1,026
El Salvador — 1.0%
Republic of El Salvador
8.250%, 04/10/32	0.0			100		110
8.250%, 04/10/32	0.0			200		221
7.750%, 01/24/23	0.1			595		658
7.650%, 06/15/35	0.7			5,811		6,116
7.375%, 12/01/19 (E)	0.2			1,330		1,450
7.375%, 12/01/19	0.0			200		218
						8,773
Gabon — 0.0%
Other Securities	0.0					153
Georgia — 0.5%
Other Securities	0.5					4,544
Ghana — 0.2%
Other Securities	0.2					1,832
Hong Kong — 0.2%
Other Securities	0.2					1,497
Hungary — 0.4%
Other Securities	0.4					3,372
India — 0.4%
Other Securities	0.4					3,381
Indonesia — 6.8%
Majapahit Holding
8.000%, 08/07/19 (E)	0.1			1,020		1,121
7.875%, 06/29/37 (E)(H)	0.0			355		367
7.750%, 10/17/16 (H)	0.0			180		196
7.750%, 10/17/16	0.1			1,100		1,198
7.750%, 01/20/20 (E)	0.2			1,840		1,996
7.250%, 10/17/11	0.1			650		687
Republic of Indonesia
11.625%, 03/04/19 (E)	0.4			2,375		3,414
11.625%, 03/04/19	0.4			2,600		3,738
11.000%, 11/15/20	0.2		IDR	14,300,000		1,784
10.375%, 05/04/14 (E)	0.0			200		249
10.375%, 05/04/14	0.1			300		373
8.500%, 10/12/35	0.5			3,550		4,420
7.750%, 01/17/38	2.3			16,546		19,193
7.500%, 01/15/16	0.3			2,300		2,656

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)		Market Value ($ Thousands)
7.250%, 04/20/15	0.2	%		1,230	$	1,397
6.875%, 01/17/18	0.3			2,150		2,392
6.750%, 03/10/14 (E)	0.1			1,100		1,216
6.750%, 03/10/14	0.1			700		773
6.625%, 02/17/37	0.3			2,350		2,398
5.875%, 03/13/20 (E)	0.2			1,500		1,556
Other Securities	0.9					6,976
						58,100
Iraq — 0.8%
Republic of Iraq
5.800%, 01/15/28	0.8			8,800		7,084
Ivory Coast — 0.1%
Other Securities	0.1					488
Jamaica — 0.1%
Other Securities	0.1					540
Kazakhstan — 3.2%
KazMunaiGaz Finance Sub MTN
11.750%,01/23/15 (E)	0.5			3,280		4,215
9.125%, 07/02/18 (E)	0.5			3,815		4,621
9.125%, 07/02/18	0.5			3,550		4,304
8.375%, 07/02/13	0.5			3,800		4,275
Other Securities	1.2					9,883
						27,298
Lithuania — 0.6%
Other Securities	0.6					4,752
Malaysia — 3.1%
Government of Malaysia
4.378%, 11/29/19	0.4			10,580		3,291
3.741%, 02/27/15	0.4			10,560		3,242
Petroliam Nasional
7.750%, 08/15/15	0.1			705		829
7.625%, 10/15/26	0.1			395		471
Petronas Capital
7.875%, 05/22/22	0.9			6,405		7,784
5.250%, 08/12/19 (E)	1.0			8,845		8,944
Other Securities	0.2					1,705
						26,266
Mexico — 8.3%
Mexican Bonos
8.500%, 05/31/29	0.6		MXP	57,150		4,762
8.500%, 12/13/18	0.3		MXP	27,620		2,379
7.500%, 06/03/27	0.4		MXP	45,880		3,502
Mexican Bonos, Ser MI10
9.500%, 12/18/14	0.1		MXP	5,161		465
Pemex Finance
9.150%, 11/15/18	0.2			1,595		1,995

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 15

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

Emerging Markets Debt Fund (Continued)

March 31, 2010

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)		Market Value ($ Thousands)
Pemex Project Funding Master Trust
6.625%, 06/15/35	0.0	%		450	$	443
5.750%, 03/01/18	0.2			1,505		1,549
Petroleos Mexicanos
8.000%, 05/03/19	0.1			1,000		1,173
6.000%, 03/05/20 (E)	0.0			450		461
United Mexican States
8.300%, 08/15/31	1.6			10,385		13,345
8.125%, 12/30/19	0.5			3,115		3,878
7.500%, 04/08/33	0.5			3,665		4,371
6.625%, 03/03/15	0.3			2,000		2,260
6.050%, 01/11/40	0.8			7,110		7,092
5.950%, 03/19/19	0.4			3,078		3,324
5.875%, 02/17/14	0.1			800		892
5.625%, 01/15/17	0.6			4,600		4,922
5.125%, 01/15/20	0.2			1,476		1,491
United Mexican States, Ser A MTN
6.750%, 09/27/34	0.3			2,548		2,803
Other Securities	1.1					9,296
						70,403
Nigeria — 0.2%
Other Securities	0.2					1,522
Oman — 0.0%
Other Securities	0.0					427
Pakistan — 0.6%
Other Securities	0.6					4,989
Panama — 2.2%
Republic of Panama
9.375%, 01/16/23	0.1			560		722
9.375%, 04/01/29	1.0			5,932		8,053
8.875%, 09/30/27	0.1			950		1,225
8.125%, 04/28/34	0.1			720		871
7.250%, 03/15/15	0.7			4,865		5,558
6.700%, 01/26/36	0.2			1,860		1,976
						18,405
Peru — 2.7%
Republic of Peru
8.750%, 11/21/33	0.2			1,155		1,530
8.375%, 05/03/16 (F)	0.2			1,450		1,764
7.350%, 07/21/25	1.1			8,045		9,332
7.125%, 03/30/19	0.2			1,545		1,790
6.550%, 03/14/37	0.8			6,170		6,602
Other Securities	0.2					2,361
						23,379
Philippines — 5.7%
Republic of the Philippines
10.625%, 03/16/25	0.6			3,635		5,207

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)		Market Value ($ Thousands)
9.500%, 02/02/30	0.5	%		3,250	$	4,339
8.875%, 03/17/15	0.1			450		555
8.375%, 06/17/19	0.3			1,945		2,373
8.250%, 01/15/14	0.1			600		703
8.000%, 01/15/16	0.6			4,200		5,008
7.750%, 01/14/31 (F)	0.8			6,123		7,011
7.500%, 09/25/24	1.8			13,856		15,692
6.500%, 01/20/20	0.1			450		485
6.375%, 10/23/34	0.4			3,640		3,567
Other Securities	0.4					3,294
						48,234
Poland — 1.6%
Republic of Poland
6.375%, 07/15/19	1.5			11,221		12,293
Other Securities	0.1					1,197
						13,490
Qatar — 1.2%
Government of Qatar
9.750%, 06/15/30	0.1			425		610
6.400%, 01/20/40 (E)	0.1			610		637
5.250%, 01/20/20 (E)	0.6			5,415		5,621
Qtel International Finance
7.875%, 06/10/19	0.3			2,550		2,947
6.500%, 06/10/14 (E)	0.1			500		543
						10,358
Russia — 8.8%
Gaz Capital MTN
9.625%, 03/01/13	0.2			1,200		1,368
8.625%, 04/28/34	0.1			920		1,067
6.510%, 03/07/22	0.0			215		211
6.212%, 11/22/16	0.1			600		618
RSHB Capital
9.000%, 06/11/14	0.1			750		865
7.750%, 05/29/18	0.1			650		730
7.175%, 05/16/13	0.0			100		108
6.299%, 05/15/17	0.0			300		311
Russian Federation Registered
12.750%, 06/24/28	0.9			4,210		7,473
7.500%, 03/31/30 (D)	5.2			38,241		44,076
VTB Capital
6.875%, 05/29/18	0.7			5,900		6,143
6.609%, 10/31/12 (E)	0.2			1,850		1,938
6.250%, 06/30/35	0.1			381		382
Other Securities	1.1					9,320
						74,610
Saudi Arabia — 0.1%
Other Securities	0.1					713

16 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)		Market Value ($ Thousands)
Singapore — 0.2%
Other Securities	0.2	%			$	1,825
South Africa — 1.8%
Republic of South Africa, Ser R203
8.250%, 09/15/17	0.2			12,210		1,643
Republic of South Africa
8.500%, 06/23/17	0.1			860		1,040
6.875%, 05/27/19	0.3			2,130		2,378
6.500%, 06/02/14	0.4			3,295		3,629
5.875%, 05/30/22	0.3			2,400		2,440
5.500%, 03/09/20	0.2			1,650		1,671
Other Securities	0.3					2,155
						14,956
South Korea — 0.4%
Other Securities	0.4					3,784
Sri Lanka — 0.1%
Other Securities	0.1					469
Supra-National — 0.1%
Other Securities	0.1					1,180
Thailand — 0.1%
Other Securities	0.1					1,251
Trinidad & Tobago — 0.4%
Other Securities	0.4					3,523
Tunisia — 0.3%
Other Securities	0.3					2,830
Turkey — 4.4%
Republic of Turkey
11.875%, 01/15/30	0.1			650		1,036
9.500%, 01/15/14	0.1			500		597
8.000%, 02/14/34	0.3			2,200		2,527
7.500%, 07/14/17	0.2			1,150		1,311
7.500%, 11/07/19	0.4			2,955		3,350
7.375%, 02/05/25	0.4			3,270		3,643
7.250%, 03/15/15	0.7			5,235		5,883
7.250%, 03/05/38	0.3			2,640		2,765
7.000%, 03/11/19	0.1			850		938
7.000%, 09/26/16	0.1			1,050		1,166
7.000%, 06/05/20	0.0			200		220
6.875%, 03/17/36	0.8			6,220		6,282
6.750%, 05/30/40	0.3			2,918		2,867
6.750%, 04/03/18	0.5			4,000		4,365
Other Securities	0.1					463
						37,413

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)		Market Value ($ Thousands)
Ukraine — 3.3%
Credit Suisse First Boston International for CJSC The EXIM of Ukraine
8.000%, 11/06/15	0.1	%		750	$	653
7.650%, 09/07/11 (H)	0.1			500		501
6.800%, 10/04/12	0.1			1,000		985
6.800%, 10/04/12 (H)	0.1			600		591
Government of Ukraine
7.650%, 06/11/13	0.3			2,370		2,409
6.750%, 11/14/17	0.1			850		811
6.580%, 11/21/16	0.1			500		477
6.580%, 11/21/16 (E)	0.2			2,240		2,134
3.200%, 12/19/10 (E)	0.8		JPY	660,000		6,820
NAK Naftogaz Ukraine
9.500%, 09/30/14	1.1			8,850		9,216
Other Securities	0.3					3,260
						27,857
United Arab Emirates — 1.9%
Jafz Sukuk
3.446%, 11/27/12 (B)	0.9		AED	31,500		7,294
Other Securities	1.0					8,759
						16,053
Uruguay — 3.0%
Republic of Uruguay
9.250%, 05/17/17	0.6			3,675		4,713
8.000%, 11/18/22	1.6			11,420		13,590
7.625%, 03/21/36	0.3			2,600		2,945
Other Securities	0.5					4,066
						25,314
Venezuela — 5.8%
Government of Venezuela
13.625%, 08/15/18	0.2			1,600		1,612
10.750%, 09/19/13	0.0			200		196
9.375%, 01/13/34	0.2			2,230		1,633
9.250%, 05/07/28	0.5			5,630		4,110
9.250%, 09/15/27	0.3			2,820		2,207
9.000%, 05/07/23	0.4			4,770		3,542
8.500%, 10/08/14	0.6			5,581		4,855
8.250%, 10/13/24	0.1			1,650		1,141
7.650%, 04/21/25	0.3			3,700		2,414
7.000%, 03/31/38	0.0			100		59
6.000%, 12/09/20	0.1			2,020		1,252
5.750%, 02/26/16	0.3			3,000		2,175
1.283%, 04/20/11 (B)	1.8			16,951		15,764
Petroleos De Venezuela
5.500%, 04/12/37	0.1			2,250		1,074
5.375%, 04/12/27	0.3			4,555		2,255
5.250%, 04/12/17	0.5			6,835		4,204
5.000%, 10/28/15	0.1			1,000		613

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 17

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

Emerging Markets Debt Fund (Continued)

March 31, 2010

Description	Percentage of Net Assets (%)		Face Amount (Thousands) (1)		Market Value ($ Thousands)
Other Securities	0.0	%			$	215
						49,321
Vietnam — 0.1%
Other Securities	0.1					1,283
Yemen — 0.0%
Other Securities	0.0					—
Total Global Bonds (Cost $699,312) ($ Thousands)						772,917
LOAN PARTICIPATIONS — 3.0%
Angola — 0.2%
Other Securities	0.2					1,450
Cambodia — 0.3%
Other Securities	0.3					2,137
Georgia — 0.0%
Other Securities	0.0					227
Indonesia — 0.3%
Other Securities	0.3					2,124
Mexico — 0.3%
Other Securities	0.3					2,406
Russia — 0.2%
Other Securities	0.2					1,983
Singapore — 1.3%
Connect International PIK
0.000%, 01/01/10* (A)(H)	0.9			9,128		8,258
Other Securities	0.4					3,193
						11,451
Turkey — 0.4%
Other Securities	0.4					3,654
Total Loan Participations (Cost $28,770) ($ Thousands)						25,432
CONVERTIBLE BONDS — 0.6%
India — 0.6%
Other Securities	0.6					5,601
Total Convertible Bonds (Cost $5,144) ($ Thousands)						5,601
WARRANTS — 0.0%
Russia — 0.0%
Other Securities	0.0					—
Total Warrants (Cost $77) ($ Thousands)						—

Description	Percentage of Net Assets (%)		Face Amount ($ Thousands) (1)/ Shares		Market Value ($ Thousands)
PURCHASED OPTIONS — 0.1%
United States — 0.1%
Other Securities	0.1	%			$	911
Total Purchased Options (Cost $735) ($ Thousands)						911
DEPOSIT WITH COUNTERPARTY AS COLLATERAL FOR SWAP CONTRACTS — 0.1%
United States — 0.1%
Other Securities	0.1					682
Total Deposit with Counterparty as Collateral for Swap Contracts (Cost $682) ($ Thousands)						682
AFFILIATED PARTNERSHIP — 0.5%
United States — 0.5%
SEI Liquidity Fund, L.P., 0.220%†* (G)	0.5			4,201,785		3,938
Total Affiliated Partnership (Cost $4,202) ($ Thousands)						3,938
Total Investments — 95.1% (Cost $738,922) ($ Thousands)					$	809,481

A summary of the outstanding forward foreign currency contracts held by the Fund at March 31, 2010, is as follows:

Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
4/5/10-5/4/10	USD	7,228	BRL	13,201	$	143
4/9/10	USD	3,796	KRW	4,347,575		47
4/12/10-5/21/10	USD	9,490	PLN	27,291		59
4/12/10-6/11/10	USD	7,479	INR	343,980		166
4/22/10	MXP	5,594	USD	450		(3	)
4/22/10-5/24/10	USD	3,790	MXP	47,909		77
4/26/10-4/30/10	EUR	19,394	USD	26,082		(156	)
4/30/10	JPY	641,664	USD	6,936		67
11/23/10	USD	3,100	CNY	20,773		(20	)
					$	380

A summary of the open futures contracts held by the Fund at March 31, 2010, is as follows:

Type of Contract	Number of Contracts Long (Short)	Expiration Date	Unrealized Appreciation (Depreciation) ($ Thousands)
U.S. Long Treasury Bond	14	Jun-2010	$	(1	)

For the period ended March 31, 2010, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

18 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

Emerging Markets Debt Fund (Concluded)

March 31, 2010

A summary of outstanding swap agreements held by the Fund at March 31, 2010, is as follows:

Total Return Swap
Counterparty	Reference Entity/Obligation	Fund Pays	Fund Receives	Termination Date	Notional Amount (Thousands)	Net Unrealized Depreciation ($Thousands)
Merrill Lynch	Zaporozh Term Loan, 9.784% 12/31/10	Cash Deposit Of Notional Amount	Price Return	12/31/10	682	$	(35	)

Percentages are based on a Net Assets of $851,114($ Thousands).

* Rate shown is the 7-day effective yield as of March 31, 2010.

† Affiliated security.

(1) In U.S. dollars unless otherwise indicated.

(A) Security in default on interest payments.

(B) Variable Rate Security — The rate reported on the Summary Schedule of Investments is the rate in effect as of March 31, 2010.

(C) The rate reported is the effective yield at time of purchase.

(D) Step Bonds — The rate reflected on the Schedule of Investments is the effective yield on March 31, 2010. The coupon on a step bond changes on a specified date.

(E) Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” These securities have been determined to be liquid under guidelines established by the board of Trustees.

(F) This security or a partial position of this security is on loan at March 31, 2010. The total market value of securities on loan at March 31, 2010 was $4,037 ($ Thousands) (See Note 9).

(G) This security was purchased with cash collateral held from securities on loan (see Note 9). The total value of such securities as of March 31, 2010 was $3,938 ($ Thousands).

(H) Securities considered illiquid. The total market value of such securities as of March 31, 2010 was $41,318 ($ Thousands) and represented 4.9% of Net Assets.

AED — United Arab Emirates Dirham

BRL — Brazilian Real

CNY — Chinese Yuan

COP — Colombian Peso

EUR — Euro

INR — Indian Rupee

ITL — Italian Lira

JPY — Japanese Yen

KRW — Korean Won

L.P. — Limited Partnership

MTN — Medium Term Note

MXP — Mexican Peso

PIK — Payment-in-Kind

PLN — Polish Zloty

Ser — Series

USD — U.S. Dollar

Amounts designated as “—” are $O or have been rounded to $O.

The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed above may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available (i) without charge, upon request, by calling (800) 342-5734; and (ii) on the SEC’s website at http://www.sec.gov.

The following is a summary of the inputs used as of March 31, 2010 in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3		Total
Global Bonds	$	—	$	772,917	$	—	$	772,917
Loan Participations		—		2,124		23,308		25,432
Convertible Bonds		—		5,601		—		5,601
Warrants		—		—		—		—
Purchased Options		—		911		—		911
Deposit with Counterparty as
Collateral for Swap Contracts		—		682		—		682
Affiliated Partnership		—		3,938		—		3,938
Total	$	—	$	786,173	$	23,308	$	809,481

Other Financial Instruments*	Level 1			Level 2		Level 3			Total
Forwards	$	—		$	380	$	—		$	380
Futures		(1	)		—		—			(1	)
Total Return Swap		—			—		(35	)		(35	)
Total Other Financial Instruments	$	(1	)	$	380	$	(35	)	$	344

* Other Financial Instruments are valued at unrealized appreciation/depreciation.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value ($ Thousands):

	Loan Participations			Swap Contracts
Beginning balance as of October 1, 2009	$	26,630		$	(738	)
Change in unrealized appreciation/(depreciation)		2,114			703
Accrued discounts/premiums		13			—
Realized gain/(loss)		(825	)		25
Net purchases/sales		(4,624	)		(25	)
Ending balance as of March 31, 2010	$	23,308		$	(35	)
Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date.	$	883		$	445

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 19

Statements of Assets and Liabilities ($ Thousands)

March 31, 2010 (Unaudited)

	International Equity Fund			Emerging Markets Equity Fund			International Fixed Income Fund			Emerging Markets Debt Fund
ASSETS:
Investments, at value (Cost $1,781,375, $727,157, $494,120 and $734,720, respectively)(1)	$	1,958,662		$	928,342		$	491,250		$	805,543
Affiliated investments, at value (Cost $96,657, $44,526, $0 and $4,202, respectively)		95,010			43,557			—			3,938
Cash		56,565			10,661			41,816			32,749
Foreign currency, at value (Cost $8,226, $4,185, $1,243 and $46, respectively)		8,254			4,217			1,243			46
Cash pledged as collateral for forward foreign currency contracts or swap contracts		—			—			397			1,622
Receivable for investment securities sold		4,603			3,156			1,395			8,272
Unrealized gain on forward foreign currency contracts		5			—			6,999			559
Receivable for fund shares sold		2,121			3,334			603			974
Dividends and interest receivable		5,528			1,546			7,842			15,443
Variation margin receivable		5			—			20			1
Foreign tax reclaim receivable		2,383			147			—			—
Margin deposit		—			—			153			—
Unrealized gain on foreign currency spot contracts		23			—			—			—
Receivable for swap contracts terminated		—			—			647			—
Swap contracts, at value (Premiums paid $0, $0, $46 and $0, respectively)		107,632			—			1,934			—
Total Assets		2,240,791			994,960			554,299			869,147
LIABILITIES:
Payable for investment securities purchased		7,382			5,191			5,933			10,026
Payable upon return of securities loaned		32,842			34,041			—			4,202
Unrealized loss on forward foreign currency contracts		109			—			2,757			179
Payable for fund shares redeemed		2,937			8,046			1,319			2,558
Swap contracts, at value (Premiums received $0, $0, $23 and $0, respectively)		102,222			—			837			35
Variation margin payable		545			—			95			—
Unrealized loss on foreign spot currency contracts		5			—			8			27
Administration fees payable		791			511			276			463
Investment advisory fees payable		888			734			138			282
Shareholder servicing fees payable		440			197			24			178
Trustees’ fees		3			1			1			1
Chief compliance officer fees payable		2			1			1			1
Administration servicing fees payable		2			—			—			—
Other accrued expenses		423			266			48			81
Accrued foreign capital gains tax on appreciated securities		—			738			—			—
Total Liabilities		148,591			49,726			11,437			18,033
Net Assets	$	2,092,200		$	945,234		$	542,862		$	851,114
NET ASSETS:
Paid-in Capital (unlimited authorization — no par value)	$	3,096,422		$	984,443		$	575,810		$	860,551
Undistributed (Distributions in excess of) net investment income		4,979			(5,815	)		(31,300	)		(17,922	)
Accumulated net realized gain (loss) on investments, futures contracts, option contracts, foreign currency contracts and swap contracts		(1,191,873	)		(232,947	)		(3,019	)		(62,076	)
Net unrealized appreciation (depreciation) on investments		175,640			200,216			(2,870	)		70,559
Net unrealized appreciation (depreciation) on futures contracts		1,667			—			(21	)		(1	)
Net unrealized appreciation (depreciation) on swap contracts		5,410			—			1,074			(35	)
Net unrealized appreciation (depreciation) on forward foreign currency contracts, foreign currencies and translation of other assets and liabilities denominated in foreign currencies		(45	)		75			3,188			38
Accumulated foreign capital gains tax on appreciated securities		—			(738	)		—			—
Net Assets	$	2,092,200		$	945,234		$	542,862		$	851,114
Net Asset Value, Offering and Redemption Price Per Share — Class A		$8.15			$10.62			$10.42			$10.42
		($2,083,478,240 ÷ 255,698,397 shares	)		($945,234,410 ÷ 88,979,019 shares	)		($542,862,223 ÷ 52,122,818 shares	)		($851,113,717 ÷ 81,649,443 shares	)
Net Asset Value, Offering and Redemption Price Per Share — Class I		$8.14			N/A			N/A			N/A
		($8,721,513 ÷ 1,071,402 shares	)

(1) Included in “Investments, at value” is the market value of securities on loan in the amounts of $30,851, $32,441, $0 and $4,037, ($ Thousands), respectively.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

20 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Statements of Operations ($ Thousands)

For the six months ended March 31, 2010 (Unaudited)

	International Equity Fund			Emerging Markets Equity Fund			International Fixed Income Fund			Emerging Markets Debt Fund
Investment Income:
Dividends	$	19,007		$	5,696		$	—		$	—
Dividends from Affiliated Securities(1)		33			4			—			—
Interest		1,521			49			9,857			37,903
Security Lending Income — Net(2)		1,250			219			1			6
Less: Foreign Taxes Withheld		(1,301	)		(381	)		(5	)		—
Total Investment Income		20,510			5,587			9,853			37,909
Expenses:
Investment Advisory Fees		5,184			4,939			473			3,444
Administration Fees		4,620			3,058			1,616			2,634
Shareholder Servicing Fees — Class A		2,556			1,176			673			1,013
Shareholder Servicing Fees — Class I		11			—			—			—
Admin Servicing Fees — Class I		11			—			—			—
Trustees’ Fees		19			9			5			8
Chief Compliance Officer Fees		5			3			1			2
Custodian/Wire Agent Fees		394			375			34			37
Printing Fees		114			52			32			46
Professional Fees		63			58			16			24
Overdraft Fees		1			2			1			1
Registration Fees		24			9			11			10
Other Expenses		73			33			30			23
Total Expenses		13,075			9,714			2,892			7,242
Less:
Waiver of Investment Advisory Fees		—			(491	)		—			(1,731	)
Waiver of Shareholder Servicing Fees — Class A Shares		—			—			(171	)		—
Fees Paid Indirectly(1)		(30	)		—			—			—
Net Expenses		13,045			9,223			2,721			5,511
Net Investment Income		7,465			(3,636	)		7,132			32,398
Net Realized and Unrealized Gain (Loss):
Net Realized Gain (Loss) from:
Investments		101,237			49,253			12,208			16,359
Futures Contracts		2,890			—			(770	)		65
Swap Contracts		(2,141	)		—			832			(604	)
Foreign Currency Transactions		(790	)		68			12,798			3,264
Net Change in Unrealized Appreciation (Depreciation) on/from:
Investments		(47,801	)		49,039			(25,276	)		13,349
Affiliated Investments		688			19			8			(10	)
Futures Contracts		1,444			—			576			(55	)
Swap Contracts		4,910			—			(375	)		1,252
Foreign Capital Gains Tax on Appreciated Securities		—			275			—			—
Foreign Currency Transactions		279			(57	)		8,806			(666	)
Net Realized and Unrealized Gain (Loss)		60,716			98,597			8,807			32,954
Net Increase (Decrease) in Net Assets Resulting from Operations	$	68,181		$	94,961		$	15,939		$	65,352

(1) See Note 5 in Notes to Financial Statements.

(2) Income is from the investment of collateral in an affiliated security.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 21

Statements of Changes in Net Assets ($ Thousands)

For the six months ended March 31, 2010 (Unaudited) and the year ended September 30, 2009

	International Equity Fund						Emerging Markets Equity Fund
	2010			2009			2010			2009
Operations:
Net Investment Income (Loss)	$	7,465		$	34,767		$	(3,636	)	$	7,468
Net Realized Gain (Loss) from Investments, Affiliated Investments, Futures Contracts, Written Options and Swap Contracts		101,986			(1,003,942	)		49,253			(260,714	)
Net Realized Gain (Loss) on Forward Foreign Currency Contracts and Foreign Currency Transactions		(790	)		(13,765	)		68			(612	)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Affiliated Investments, Futures Contracts, Written Options and Swap Contracts		(40,759	)		688,867			49,058			322,886
Net Change in Unrealized Appreciation (Depreciation) on Foreign Capital Tax Gains on Appreciated Securities		—			—			275			(991	)
Net Change in Unrealized Appreciation (Depreciation) on Forward Foreign Currency Contracts, Foreign Currencies, and Translation of Other Assets and Liabilities Denominated in Foreign Currencies		279			13,255			(57	)		223
Net Increase (Decrease) in Net Assets Resulting from Operations		68,181			(280,818	)		94,961			68,260
Dividends and Distributions from:
Net Investment Income:
Class A		—			(41,196	)		(5,546	)		(10,169	)
Class I		—			(89	)		—			—
Net Realized Gains:
Class A		—			—			—			(154,334	)
Class I		—			—			—			—
Total Dividends and Distributions		—			(41,285	)		(5,546	)		(164,503	)
Capital Share Transactions:
Class A:
Proceeds from Shares Issued		298,401			1,137,018			147,187			318,878
Reinvestment of Dividends and Distributions		—			39,508			5,224			157,509
Cost of Shares Redeemed		(336,230	)		(1,130,315	)		(213,372	)		(429,094	)
Increase (Decrease) in Net Assets Derived from Class A Transactions		(37,829	)		46,211			(60,961	)		47,293
Class I:
Proceeds from Shares Issued		1,955			4,670			—			—
Reinvestment of Dividends and Distributions		—			89			—			—
Cost of Shares Redeemed		(1,915	)		(3,101	)		—			—
Increase (Decrease) in Net Assets Derived from Class I Transactions		40			1,658			—			—
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(37,789	)		47,869			(60,961	)		47,293
Total Increase (Decrease) in Net Assets		30,392			(274,234	)		28,454			(48,950	)
Net Assets:
Beginning of Period		2,061,808			2,336,042			916,780			965,730
End of Period	$	2,092,200		$	2,061,808		$	945,234		$	916,780
Undistributed (Distributions in Excess of) Net Investment Income Included in Net Assets at End of Period	$	4,979		$	(2,486	)	$	(5,815	)	$	3,367
Share Transactions:
Class A:
Shares Issued		37,546			170,747			14,478			44,440
Reinvestment of Distributions		—			6,291			506			28,647
Shares Redeemed		(42,291	)		(179,952	)		(21,152	)		(62,439	)
Total Class A Transactions		(4,745	)		(2,914	)		(6,168	)		10,648
Class I:
Shares Issued		248			789			—			—
Reinvestment of Distributions		—			14			—			—
Shares Redeemed		(241	)		(479	)		—			—
Total Class I Transactions		7			324			—			—
Net Increase (Decrease) in Shares Outstanding from Shares Transactions		(4,738	)		(2,590	)		(6,168	)		10,648

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

22 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Statements of Changes in Net Assets ($ Thousands)

For the six months ended March 31, 2010 (Unaudited) and the year ended September 30, 2009

	International Fixed Income Fund						Emerging Markets Debt Fund
	2010			2009			2010			2009
Operations:
Net Investment Income	$	7,132		$	15,209		$	32,398		$	56,900
Net Realized Gain (Loss) from Investments, Affiliated Investments, Futures Contracts, Written Options and Swap Contracts		12,270			(22,915	)		15,820			(70,289	)
Net Realized Gain (Loss) on Forward Foreign Currency Contracts and Foreign Currency Transactions		12,798			8,926			3,264			(6,197	)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Affiliated Investments, Futures Contracts, Written Options and Swap Contracts		(25,067	)		63,489			14,536			113,567
Net Change in Unrealized Appreciation (Depreciation) on Forward Foreign Currency Contracts, Foreign Currencies, and Translation of Other Assets and Liabilities Denominated in Foreign Currencies		8,806			(25,944	)		(666	)		(993	)
Net Increase (Decrease) in Net Assets Resulting from Operations		15,939			38,765			65,352			92,988
Dividends from:
Net Investment Income:
Class A		(5,041	)		(57,885	)		(50,507	)		(60,833	)
Total Dividends		(5,041	)		(57,885	)		(50,507	)		(60,833	)
Capital Share Transactions:
Class A:
Proceeds from Shares Issued		71,730			160,142			142,809			363,248
Reinvestment of Dividends and Distributions		4,791			55,164			45,399			55,708
Cost of Shares Redeemed		(82,716	)		(361,351	)		(142,536	)		(537,868	)
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(6,195	)		(146,045	)		45,672			(118,912	)
Total Increase (Decrease) in Net Assets		4,703			(165,165	)		60,517			(86,757	)
Net Assets:
Beginning of Period		538,159			703,324			790,597			877,354
End of Period	$	542,862		$	538,159		$	851,114		$	790,597
Undistributed (Distributions in Excess of) Net Investment Income Included in Net Assets at End of Period	$	(31,300	)	$	(33,391	)	$	(17,922	)	$	187
Share Transactions:
Class A:
Shares Issued		6,974			16,650			13,935			43,772
Reinvestment of Distributions		472			6,009			4,466			6,654
Shares Redeemed		(8,047	)		(37,149	)		(13,948	)		(66,241	)
Total Class A Transactions		(601	)		(14,490	)		4,453			(15,815	)

The accompanying notes are an integral part of the financial statements.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 23

Financial Highlights

For the six months ended March 31, 2010 (Unaudited) and the year ended September 30,

For a Share Outstanding Throughout Each Period

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)(1)			Net Realized and Unrealized Gains (Losses)  on Securities(1)			Total from Operations			Dividends from Net Investment Income			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return†		Net Assets End of Period ($ Thousands)		Ratio of Expenses to Average Net Assets**		Ratio of Expenses to Average Net Assets (Excluding Fees  Paid Indirectly)***		Ratio of Expenses to Average Net Assets (Excluding Waivers and Fees Paid Indirectly)***		Ratio of Net Investment Income (Loss) to Average Net Assets		Portfolio Turnover Rate†
International Equity Fund
Class A
2010*	$	7.88	$	0.03		$	0.24		$	0.27		$	—		$	—		$	—		$	8.15	3.43	%	$	2,083,478	1.27	%	1.27	%(3)	1.27	%	0.73	%	71	%
2009		8.85		0.13			(0.94	)		(0.81	)		(0.16	)		—			(0.16	)		7.88	(8.73	)		2,053,411	1.28	(2)(3)	1.28	(2)(3)	1.29		2.01		154
2008		16.18		0.27			(5.52	)		(5.25	)		(0.34	)		(1.74	)		(2.08	)		8.85	(36.96	)		2,329,504	1.25	(2)(3)	1.26	(2)(3)	1.26	(2)	2.15		218
2007		14.07		0.28			2.89			3.17			(0.47	)		(0.59	)		(1.06	)		16.18	23.56			4,032,236	1.32	(2)(3)	1.33	(2)(3)	1.33	(2)	1.85		172
2006		12.14		0.24			1.97			2.21			(0.28	)		—			(0.28	)		14.07	18.50			3,491,007	1.32	(2)	1.33	(2)	1.33	(2)	1.85		118
2005		9.81		0.16			2.40			2.56			(0.23	)		—			(0.23	)		12.14	26.33			3,227,258	1.24		1.24		1.24		1.50		80
Class I
2010*	$	7.89	$	0.02		$	0.23		$	0.25		$	—		$	—		$	—		$	8.14	3.17	%	$	8,722	1.52	%	1.52	%(3)	1.52	%	0.48	%	71	%
2009		8.82		0.13			(0.94	)		(0.81	)		(0.12	)		—			(0.12	)		7.89	(8.80	)		8,397	1.53	(2)(3)	1.53	(2)(3)	1.54		1.97		154
2008		16.13		0.22			(5.49	)		(5.27	)		(0.30	)		(1.74	)		(2.04	)		8.82	(37.14	)		6,538	1.50	(2)(3)	1.51	(2)(3)	1.51	(2)	1.72		218
2007		14.04		0.25			2.88			3.13			(0.45	)		(0.59	)		(1.04	)		16.13	23.25			17,155	1.57	(2)(3)	1.58	(2)(3)	1.58	(2)	1.66		172
2006		12.12		0.23			1.94			2.17			(0.25	)		—			(0.25	)		14.04	18.20			13,401	1.59	(2)	1.59	(2)	1.59	(2)	1.77		118
2005		9.81		0.14			2.38			2.52			(0.21	)		—			(0.21	)		12.12	25.86			7,952	1.49		1.49		1.49		1.28		80
Emerging Markets Equity Fund
Class A
2010*	$	9.64	$	(0.04	)	$	1.08		$	1.04		$	(0.06	)	$	—		$	(0.06	)	$	10.62	10.79	%	$	945,234	1.96	%	1.96	%(4)	2.06	%	(0.77	)%	30	%
2009		11.43		0.08			0.18			0.26			(0.10	)		(1.95	)		(2.05	)		9.64	16.40			916,780	1.97	(4)	1.97	(4)	2.11		1.08		80
2008		21.49		0.14			(5.64	)		(5.50	)		(0.08	)		(4.48	)		(4.56	)		11.43	(33.33	)		965,730	1.99	(4)	1.99	(4)	2.08		0.85		94
2007		16.67		0.08			7.22			7.30			(0.08	)		(2.40	)		(2.48	)		21.49	48.27			1,777,229	1.97	(4)	1.97	(4)	2.05		0.44		79
2006		15.94		0.11			2.32			2.43			(0.10	)		(1.60	)		(1.70	)		16.67	16.46			1,336,574	1.96		1.97		2.06		0.65		65
2005		11.10		0.14			4.80			4.94			(0.10	)		—			(0.10	)		15.94	44.68			1,354,502	1.95		1.96		2.05		1.05		69
International Fixed Income Fund
Class A
2010*	$	10.21	$	0.14		$	0.17		$	0.31		$	(0.10	)	$	—		$	(0.10	)	$	10.42	3.02	%	$	542,862	1.01	%	1.01	%(5)	1.07	%	2.65	%	65	%
2009		10.46		0.28			0.53			0.81			(1.06	)		—			(1.06	)		10.21	8.85			538,159	1.02	(5)	1.02	(5)	1.06		2.86		170
2008		10.91		0.37			(0.68	)		(0.31	)		(0.14	)		—			(0.14	)		10.46	(2.89	)		703,324	1.02	(5)	1.02	(5)	1.04		3.45		147
2007		10.86		0.36			(0.11	)		0.25			(0.20	)		—			(0.20	)		10.91	2.34			808,742	1.02	(5)	1.02	(5)	1.04		3.29		215
2006		11.72		0.28			(0.49	)		(0.21	)		(0.34	)		(0.31	)		(0.65	)		10.86	(1.64	)		841,903	1.01		1.01		1.03		2.61		194
2005		12.22		0.28			0.15			0.43			(0.89	)		(0.04	)		(0.93	)		11.72	3.01			880,923	1.00		1.00		1.04		2.24		145
Emerging Markets Debt Fund
Class A
2010*	$	10.24	$	0.41		$	0.41		$	0.82		$	(0.64	)	$	—		$	(0.64	)	$	10.42	8.39	%	$	851,114	1.36	%(6)	1.36	%(6)	1.79	%	8.00	%	27	%
2009		9.43		0.71			0.85			1.56			(0.75	)		—			(0.75	)		10.24	18.62			790,597	1.37	(6)	1.37	(6)	1.81		8.47		73
2008		11.04		0.62			(1.18	)		(0.56	)		(0.74	)		(0.31	)		(1.05	)		9.43	(5.71	)		877,354	1.37	(6)	1.37	(6)	1.79		5.94		83
2007		11.28		0.60			0.47			1.07			(0.65	)		(0.66	)		(1.31	)		11.04	10.03			1,002,602	1.37	(6)	1.37	(6)	1.79		5.47		81
2006		11.81		0.56			0.34			0.90			(0.80	)		(0.63	)		(1.43	)		11.28	8.68			828,343	1.36		1.36		1.78		5.03		108
2005		10.74		0.66			1.31			1.97			(0.63	)		(0.27	)		(0.90	)		11.81	19.34			1,143,845	1.35		1.35		1.79		6.03		85

* For the six months ended March 31, 2010. All ratios for the period have been annualized.

** Includes Fees Paid Indirectly. See Note 5 in Notes to Financial Statements.

*** See Note 5 in Notes to Financial Statements.

† Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

(1) Per share net investment income (loss) and net realized and unrealized gains/(losses) calculated using average shares.

(2) The expense ratio includes interest expense on reverse repurchase agreements. Had this expense been excluded, the ratios for Class A and I shares would have been 1.28% and 1.53%, respectively, for 2009 and 2008, and 1.24% and 1.49%, respectively, for 2007 and 2006.

(3) The expense ratio includes overdraft fees. Had this expense been excluded, the ratios for Class A and I shares would have been 1.27% and 1.52% respectively for 2010, 1.28% and 1.53%, respectively for 2009, 1.25% and 1.50%, respectively for 2008 and 1.32% and 1.57%, respectively for 2007.

(4) The expense ratio includes overdraft fees. Had this expense been excluded, the ratios would have been 1.96% for 2010, 2009, 2008 and 2007.

(5) The expense ratio includes overdraft fees. Had this expense been excluded, the ratios would have been 1.01%, 1.01%, 1.02% and 1.01%, for 2010, 2009, 2008 and 2007, respectively.

(6) The expense ratio includes overdraft fees. Had this expense been excluded, the ratios would have been 1.36%, 1.36% for 2010, 2009, 2008 and 2007.

Amounts designated as “—” are either $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

24 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Notes to Financial Statements

March 31, 2010 (Unaudited)

1. ORGANIZATION

SEI Institutional International Trust (the “Trust”) was organized as a Massachusetts business trust under a Declaration of Trust dated June 30, 1988. The operations of the Trust commenced on December 20, 1989.

The Trust is registered under the Investment Company Act of 1940, as amended, as an open-end investment company with five funds: International Equity Fund, Tax-Managed International Equity Fund, Emerging Markets Equity Fund, International Fixed Income Fund and Emerging Markets Debt Fund (together the “Funds”). The Trust’s prospectuses provide a description of each Fund’s investment objectives, policies, and strategies. The Trust is registered to offer Class A shares of each of the Funds and the International Equity Fund is registered to offer Class I shares.

As of March 31, 2010, the Tax-Managed International Equity Fund had not yet commenced operations.

2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies consistently followed by the Funds.

Use of Estimates — The preparation of financial statements, in conformity with U.S. generally accepted accounting principles (“GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Security Valuation — Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded, or, if there is no such reported sale, at the most recent quoted bid price. Debt securities are priced based upon valuations provided by independent, third-party pricing agents, if available. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of sixty days or less may be valued at their amortized cost, which approximates market value. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates. Prices for most securities held in the Funds are provided daily by recognized independent pricing agents. If a security price cannot be obtained from an independent, third-party pricing agent, the Funds seek to obtain a bid price from at least one independent broker.

Securities for which market prices are not “readily available” are valued in accordance with Fair Value Procedures established by the

Trust’s Board of Trustees (the “Board”). The Trust’s Fair Value Procedures are implemented through a Fair Value Committee (the “Committee”) designated by the Board. Some of the more common reasons that may necessitate that a security be valued using Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open; or the security’s primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration relevant information reasonably available to the Committee.

For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which a Fund calculates its net asset value. The closing prices of such securities may no longer reflect their market value at the time the Fund calculates net asset value if an event that could materially affect the value of those securities (a “Significant Event”) has occurred between the time of the security’s last close and the time that the Fund calculates net asset value. A Significant Event may relate to a single issuer or to an entire market sector. If the adviser or sub-adviser of a Fund becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Fund calculates net asset value, it may request that a Committee meeting be called. In addition, the Fund’s administrator monitors price movements among certain selected indices, securities and/or baskets of securities that may be an indicator that the closing prices received earlier from foreign exchanges or markets may not reflect market value at the time the Fund calculates net asset value. If price movements in a monitored index or security exceed levels established by the administrator, the administrator notifies the adviser or sub-adviser for any Fund holding the relevant securities that such limits have been exceeded. In such event, the adviser or sub-adviser makes the determination whether a Committee Meeting should be called based on the information provided.

The International Equity Fund and Emerging Markets Equity Fund also use a third-party fair valuation vendor. The vendor provides a fair value for foreign securities held by these Funds based on certain factors and methodologies (involving, generally, tracking valuation correlations between the U.S. market and each non-U.S. security). Values from the fair value vendor are applied in the event that there is a movement in the U.S. market that exceeds a specific threshold that has been established by the Committee. The Committee has also established a “confidence interval” which is used to determine the level of historical correlation between the value of a specific foreign security and movements in the U.S. market before a particular security will be fair valued when the threshold is exceeded. In the event that the threshold established by the Committee is exceeded on a specific day, the International Equity Fund and Emerging Markets

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 25

Notes to Financial Statements (Continued)

March 31, 2010 (Unaudited)

Equity Fund will value the non-U.S. securities in their portfolios that exceed the applicable “confidence interval” based upon the adjusted prices provided by the fair valuation vendor.

In accordance with GAAP, Fair Value is defined as the price that the Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy has been established to maximize the use of the observable market data and minimize the use of unobservable inputs and to establish classification of the fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing an asset. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad Levels listed below:

Level 1 — quoted prices in active markets for identical investments

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risks, etc.)

Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The valuation techniques used by the Funds to measure fair value during the six months ended March 31, 2010 maximized the use of observable inputs and minimized the use of unobservable inputs. For the six months ended March 31, 2010, there have been no significant changes to the inputs or the Trust’s fair valuation methodologies.

Security Transactions and Investment Income — Security transactions are recorded on the trade date. Cost used in determining net realized capital gains and losses on the sale of securities is determined on the basis of specific identification. Dividend income and expense is recognized on the ex-dividend date, and interest income or expense is recognized using the accrual basis of accounting.

Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/ or as a realized gain. The Trust estimates the components of distributions received that may be considered nontaxable distributions or capital gain distributions.

Amortization and accretion is calculated using the scientific interest method, which approximates the effective interest method over the holding period of the security. Amortization of premiums and discounts is included in interest income.

Repurchase Agreements — Securities pledged as collateral for repurchase agreements are held by each Fund’s custodian bank until the repurchase date of the repurchase agreement. The Funds also invest in tri-party repurchase agreements. Securities held as collateral for tri-party repurchase agreements are maintained by the broker’s custodian bank in a segregated account until the repurchase date of the repurchase agreement. Provisions of the repurchase agreements and the Trust’s policies require that the market value of the collateral, including accrued interest thereon, is sufficient in the event of default by the counterparty. If the counterparty defaults and the value of the collateral declines, or if the counterparty enters into an insolvency proceeding, realization of the collateral by the Funds may be delayed or limited.

Reverse Repurchase Agreements — To the extent consistent with its Investment Objective and Strategies, a Fund may issue reverse repurchase agreements. A reverse repurchase agreement involves the sale of portfolio assets together with an agreement to repurchase the same assets later at a fixed price. Additional assets are maintained in an account with the broker. The segregated assets may consist of cash, U.S. Government securities, or other liquid securities at least equal in value to the obligations under the reverse repurchase agreements. In the event the buyer of securities under a reverse repurchase agreement files for bankruptcy or becomes insolvent, the Fund’s use of the proceeds under the agreement may be restricted pending a determination by the other party, or its trustee or receiver, whether to enforce the obligation to repurchase the securities. During the six months ended March 31, 2010, there were no open reverse repurchase agreements.

Expenses — Expenses that are directly related to one of the Funds are charged directly to that Fund. Other operating expenses of the Trust are prorated to the Funds on the basis of relative daily net assets.

Classes — Class-specific expenses are borne by that class. Income, non-class specific expenses, and realized and unrealized gains/losses are allocated to the respective classes on the basis of relative daily net assets.

Foreign Currency Translation — The books and records of the Funds investing in international securities are maintained in U.S. dollars on the following basis:

(I) market value of investment securities, assets and liabilities at the current rate of exchange; and

(II) purchases and sales of investment securities, income and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions.

The Funds do not isolate that portion of gains and losses on investments in equity securities that is due to changes in the foreign exchange rates from that which is due to changes in market prices of equity securities.

26 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

The Funds report certain foreign-currency-related transactions as components of realized gains for financial reporting purposes, whereas such components are treated as ordinary income for Federal income tax purposes.

Forward Foreign Currency Contracts — To the extent consistent with its Investment Objective and Strategies, a Fund may enter into forward foreign currency contracts as hedges against either specific transactions, fund positions or anticipated fund positions. All commitments are “marked-to-market” daily at the applicable foreign exchange rate, and any resulting unrealized gains or losses are recorded currently. The Fund realizes gains and losses at the time forward contracts are extinguished. Unrealized gains or losses on outstanding positions in forward foreign currency contracts held at the close of the year are recognized as ordinary income or loss for federal income tax purposes. The Fund could be exposed to risk if the counterparties to the contracts are unable to meet the terms of the contract and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar. Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities.

Futures Contracts — The International Equity Fund, the International Fixed Income Fund and the Emerging Markets Debt Fund utilized futures contracts during the six months ended March 31, 2010. The Funds may purchase future contracts to gain exposure to market changes, which may be more efficient or cost effective than actually buying the securities. To the extent consistent with its Investment Objective and Strategies, a Fund may utilize futures contracts for tactical hedging purposes as well as to enhance the Funds’ returns. Upon entering into such a contract, a Fund is required to deposit and maintain as collateral such initial margin as required by the exchange on which the contract is held. The contracts are marked to market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin payments are paid or received, depending upon whether unrealized losses or gains are incurred. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.

Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. Second, it is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. Third, the futures contract involves the risk that a Fund could lose more than the original margin deposit required to initiate a futures transaction.

Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities.

Equity-Linked Warrants — To the extent consistent with its Investment Objective and Strategies, the Funds each may invest in equity-linked warrants. These Funds purchase the equity-linked warrants from a broker, who in turn purchases shares in the local market and

issues a call warrant hedged on the underlying holding. If the Fund exercises its call and closes its position, the shares are sold and the warrant redeemed with the proceeds. Each warrant represents one share of the underlying stocks, therefore the price, performance and liquidity of the warrant are all directly linked to the underlying stock. The warrants can be redeemed for 100% of the value of the underlying stock, less transaction costs. In addition to the market risk of the underlying holding, these Funds bear additional counterparty risk to the issuing broker. There is currently no active trading market for equity-linked warrants.

Swap Agreements — A Fund’s investments in swap contracts is mainly used as an efficient means to take and manage risk in the portfolio, including interest rate risk, credit risk and overall yield sensitivity. A swap agreement is a two-party contract under which an agreement is made to exchange returns from predetermined investments or instruments, including a particular interest rate, foreign currency, or “basket” of securities representing a particular index. Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal. Credit default swaps involve the periodic payment by a Fund or counterparty of interest based on a specified rate multiplied by a notional amount assigned to an underlying debt instrument or group of debt instruments in exchange for the assumption of credit risk on the same instruments. In the event of a credit event, usually in the form of a credit rating downgrade, the party receiving periodic payments (i.e. floating rate payer) must pay the other party (i.e. fixed rate payer) an amount equal to the outstanding principal of the downgraded debt instrument. Total return swaps allow an investor to benefit from the cash flow without ever actually owning the underlying security. The receiver must pay any decline in value to the payer at the end of the total return swap. However, the investor does not need to make a payment if there is no decline in price. Payments can be made on various indices, bonds (i.e. mortgage backed securities, bank debt and corporate), loans or commodities. The value of a total return swap is equal to the change in value of the underlying asset versus the accrued income payment based on LIBOR (London Interbank Offered Rate) or some other form of index on the notional amount. Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal to manage a Fund’s exposure to interest rates. Payments received or made are recorded as realized gains or losses. A Fund could be exposed to credit or market risk due to unfavorable changes in the fluctuation of interest rates or if the counterparty defaults on its obligation to perform. Risk of loss may exceed amounts recognized on the statement of assets and liabilities. In connection with swap agreements, securities/cash may be set aside as collateral by the Fund’s custodian. A Fund may enter into swap agreements in order to, among other things, change the maturity or duration of the investment portfolio; protect a Fund’s value from changes in interest rates; or expose a Fund to a different security or market.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 27

Notes to Financial Statements (Continued)

March 31, 2010 (Unaudited)

Swaps are marked-to-market daily based upon quotations from market makers and the resulting changes in market values, if any, are recorded as unrealized gains or losses in the Statement of Operations. Net payments of interest are recorded as realized gains or losses. Entering into swap agreements involves, to varying degrees, elements of credit and market risk in excess of the amounts recognized on the Schedule of Investments or the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreement may default on its obligation to perform and that there may be unfavorable changes in the fluctuation of interest rates. Risks also arise from potential losses from adverse market movements. See Note 3 for further details.

Counterparty risk is mitigated by having a master netting arrangement between a Fund and the counterparty and by having the counterparty post collateral to cover a Fund’s exposure to the counterparty. In connection with outstanding total return swaps as of March 31, 2010, the Emerging Markets Debt Fund has deposits in the amount of $681,818 with the counterparty as collateral.

Options Written/Purchased — A Fund may invest in financial options contracts to add return or to hedge their existing portfolio securities, or securities that the Fund intends to purchase, against fluctuations in fair value caused by changes in prevailing market interest rates. When the Fund writes or purchases an option, an amount equal to the premium received or paid by the Fund is recorded as a liability or an asset and is subsequently adjusted to the current market value of the option written or purchased. Premiums received or paid from purchasing or writing options which expire unexercised are treated by the Fund on the expiration date as realized gains or losses. The difference between the premium and the amount paid or received on effecting a closing purchase or sale transaction, including brokerage commissions, is also treated as a realized gain or loss. If an option is exercised, the premium paid or received is added to the cost of the purchase or proceeds from the sale in determining whether the Fund has realized a gain or a loss.

The risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases. The risk in writing a put option is that the Fund may incur a loss if the market price of the security decreases and the option is exercised. The risk in purchasing an option is that the Fund pays a premium whether or not the option is exercised. The Fund also has the additional risk of being unable to enter into a closing transaction at an acceptable price if a liquid secondary market does not exist. Option contracts also involve the risk that they may not work as intended due to unanticipated developments in market conditions or other causes.

Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities.

Delayed Delivery Transactions — A Fund may purchase or sell securities on a when-issued or delayed delivery basis. These transactions

involve a commitment by the Fund to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period. When delayed delivery purchases are outstanding, the Fund will set aside liquid assets in an amount sufficient to meet the purchase price. When purchasing a security on a delayed delivery basis, the Fund assumes the rights and risks of ownership of the security, including the risk of price and yield fluctuations, and takes such fluctuations into account when determining its net asset value. The Fund may dispose of or renegotiate a delayed delivery transaction after it is entered into, and may sell when-issued securities before they are delivered, which may result in a capital gain or loss. When the Fund has sold a security on a delayed delivery basis, the Fund does not participate in future gains and losses with respect to the security.

Loan Participations and Brady Bonds — To the extent consistent with its Investment Objective and Strategies, a Fund may invest in U.S. dollar-denominated fixed- and floating-rate loans (“Loans”) arranged through private negotiations between a foreign sovereign entity and one or more financial institutions (“Lenders”). The Fund invests in such Loans in the form of participations in Loans (“Participations”) or assignments of all or a portion of Loans from third parties. Participations typically result in this Fund having a contractual relationship only with the Lenders, not with the sovereign borrowers. This Fund has the right to receive payments of principal, interest and any fees to which it is entitled from the Lender selling the Participation and only upon receipt by the Lender of the payments from the borrower. In connection with purchasing Participations, the Fund generally has no right to enforce compliance by the borrower with the terms of the loan agreement relating to the Loan, nor any rights of set-off against the borrower, and the Fund will not benefit directly from any collateral supporting the Loan in which it has purchased the Participation. As a result, the Fund assumes the credit risk of both the borrower and the Lender that is selling the Participation.

Certain debt obligations, customarily referred to as “Brady Bonds,” are created through the exchange of existing commercial bank loans to foreign entities for new obligations in connection with debt restructuring under a plan introduced by former U.S. Secretary of the Treasury Nicholas F. Brady. Brady Bonds have only been issued since 1989, and, accordingly, do not have a long payment history. They are issued by governments that may have previously defaulted on the loans being restructured by the Brady Bonds, so they are subject to the risk of default by the issuer. They may be fully or partially collateralized or uncollateralized and issued in various currencies.

Illiquid Securities — A security is considered illiquid if it cannot be sold or disposed of in the ordinary course of business within seven days or less for its approximate carrying value on the books of the Funds. Valuations of illiquid securities may differ significantly from the values that would have been used had an active market value for these securities existed.

28 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Dividends and Distributions to Shareholders — The International Equity, Emerging Markets Equity and International Fixed Income Funds will distribute substantially all of their net investment income and all net realized capital gains, if any, at least annually. The Emerging Markets Debt Fund will distribute substantially all of its net investment income, if any, at least quarterly and all net realized gains, if any, at least annually. All dividends and distributions are recorded on ex-dividend date.

Investments in Real Estate Investment Trusts (“REITs”) — Dividend income is recorded based on the income included in distributions received from the REIT investments using published REIT reclassifications including some management estimates when actual amounts are not available. Distributions received in excess of this estimated amount are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year-end, and may differ from the estimated amounts.

3. CREDIT DERIVATIVES

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 Trust on behalf of a Fund and the counterparty.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 29

Notes to Financial Statements (Continued)

March 31, 2010 (Unaudited)

As of March 31, 2010, the International Fixed Income Fund is the buyer (“receiving protection”) on a total notional amount of $6.9 million and is the seller (“providing protection”) on a total notional amount of $7.1 million. The notional amounts of the swaps are not recorded in the financial statements. The notional amounts approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund was the seller of protection and a credit event were to occur. Those credit default swaps (“CDS”) for which the Fund is providing protection at balance sheet date are summarized as follows:

INTERNATIONAL FIXED INCOME FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS			CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVEREIGN US$	ABS US$	CORP US$		Total
Fair value of written credit derivatives	$	52,837	—	—	$	212,745	$	265,582
Maximum potential amount of future payments	$	350,000	—	—	$	6,765,534	$	7,115,534
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)1		—	—	—		—		—
Collateral held by the Fund or other third parties which the Fund can obtain upon occurrence of a 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.

MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
INTERNATIONAL FIXED INCOME FUND	0-6 MONTHS	6-12 MONTHS	1-5 YEARS		5-10 YEARS		> 10 YEARS	Total
Current credit spread* on underlying (in basis points)1
0-100	—	—		—		—	—		—
101-250	—	—	$	350,000		—	—	$	350,000
251-500	—	—		—	$	6,765,534	—	$	6,765,534
501-1,000	—	—		—		—	—		—
> than 1,000	—	—		—		—	—		—
Total	—	—	$	350,000	$	6,765,534	—	$	7,115,534

* 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.

4. DERIVATIVE TRANSACTIONS

The fair value of derivative instruments as of March 31, 2010 was as follows:

	Asset Derivatives				Liability Derivatives
	Six months ended March 31, 2010 ($ Thousands)				Six months ended March 31, 2010 ($ Thousands)
Contract Type	Statements of Assets & Liabilities Location	Fair Value			Statements of Assets & Liabilities Location	Fair Value
Derivatives not accounted for as hedging instruments:
International Equity Fund
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	$	5		Unrealized loss on forward foreign currency contracts	$	109
Equity contracts	Net Assets — Unrealized appreciation on futures contracts		1,667	*	Net Assets — Unrealized depreciation on futures contracts		—	*
Equity contracts	Net Assets — Unrealized appreciation on swap contracts		107,632	†	Net Assets — Unrealized depreciation on swap contracts		102,222	†
Total Derivatives not accounted for as hedging instruments		$	109,304			$	102,331

30 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

	Asset Derivatives				Liability Derivatives
	Six months ended March 31, 2010 ($ Thousands)				Six months ended March 31, 2010 ($ Thousands)
Contract Type	Statements of Assets & Liabilities Location	Fair Value			Statements of Assets & Liabilities Location	Fair Value
International Fixed Income Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$	101	*	Net Assets — Unrealized depreciation on futures contracts	$	122	*
Interest rate contracts	Net Assets — Unrealized appreciation on swap contracts		1,655	†	Net Assets — Unrealized depreciation on swap contracts		797	†
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts		6,999		Unrealized loss on forward foreign currency contracts		2,757
Credit contracts	Net Assets — Unrealized appreciation on swap contracts		250	†	Net Assets — Unrealized depreciation on swap contracts		34	†
Total Derivatives not accounted for as hedging instruments		$	9,005			$	3,710
Emerging Markets Debt Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$	—	*	Net Assets — Unrealized depreciation on futures contracts	$	1	*
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts		559		Unrealized loss on forward foreign currency contracts		179
Credit contracts	Net Assets — Unrealized appreciation on swap contracts		—		Net Assets — Unrealized depreciation on swap contracts		35	†
Total Derivatives not accounted for as hedging instruments		$	559			$	215

* Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Assets & Liabilities.

† Includes cumulative appreciation/depreciation of swap contracts as reported in the Schedules of Investments. Market Value is reported within the Statements of Assets & Liabilities for swap contracts that have paid premiums.

The effect of derivative instruments on the Statements of Operations for the six months ended March 31, 2010 is as follows:

Amount of realized Gain or (Loss) on Derivatives Recognized in Income ($ Thousands):

Derivatives Not Accounted for as Hedging Instruments	Options		Futures		Forward Currency Contracts		Swaps		Total
International Equity Fund
Interest rate contracts	$	—	$	(65)	$	—	$	—	$	(65)
Foreign exchange contracts		—		—		(413)		—		(413)
Credit contracts		—		—		—		2,048		2,048
Equity contracts		—		2,955		—		(4,189)		(1,234)
Total	$	—	$	2,890	$	(413)	$	(2,141)	$	336
International Fixed Income Fund
Interest rate contracts	$	—	$	(770)	$	—	$	317	$	(453)
Foreign exchange contracts		—		—		12,505		—		12,505
Credit contracts		—		—		—		515		515
Total	$	—	$	(770)	$	12,505	$	832	$	12,567
Emerging Markets Debt Fund
Interest rate contracts	$	—	$	65	$	—	$	—	$	65
Foreign exchange contracts		—		—		3,155		—		3,155
Credit contracts		—		—		—		(604)		(604)
Total	$	—	$	65	$	3,155	$	(604)	$	2,616

Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income ($ Thousands):

Derivatives Not Accounted for as Hedging Instruments	Options		Futures		Forward Currency Contracts		Swaps		Total
International Equity Fund
Interest rate contracts	$	—	$	(33)	$	—	$	—	$	(33)
Foreign exchange contracts		—		—		506		—		506
Credit contracts		—		—		—		(1,841)		(1,841)
Equity contracts		—		1,477		—		6,751		8,228
Total	$	—	$	1,444	$	506	$	4,910	$	6,860

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 31

Notes to Financial Statements (Continued)

March 31, 2010 (Unaudited)

Derivatives Not Accounted for as Hedging Instruments	Options		Futures			Forward Currency Contracts			Swaps		Total
International Fixed Income Fund
Interest rate contracts	$	—	$	576		$	—		$	(446)	$	130
Foreign exchange contracts		—		—			9,459			—		9,459
Credit contracts		—		—			—			71		71
Total	$	—	$	576		$	9,459		$	(375)	$	9,660
Emerging Markets Debt Fund
Interest rate contracts		$    —	$	(55	)	$	—		$	—	$	(55	)
Foreign exchange contracts		—		—			(312)			—		(312	)
Credit contracts		—		—			—			1,252		1,252
Total	$	—	$	(55	)	$	(312	)	$	1,252	$	885

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.

5. ADMINISTRATION, INVESTMENT ADVISORY AND DISTRIBUTION AGREEMENTS AND OTHER TRANSACTIONS WITH AFFILIATES

Administration & Transfer Agency Agreement — The Trust and SEI Investments Global Funds Services (the “Administrator”) are parties to an amended and restated Administration and Transfer Agency Agreement dated December 10, 2003 under which the Administrator provides administrative and transfer agency services to the Funds for annual fees, based on the average daily net assets of the respective funds, as presented below:

International Equity Fund	0.45	%
Emerging Markets Equity Fund	0.65	%
International Fixed Income Fund	0.60	%
Emerging Markets Debt Fund	0.65	%

However, the Administrator has voluntarily agreed to waive its fee so that the total annual expenses of each Fund will not exceed certain expense limitations adopted by the Administrator as presented below. In the event that the total annual expenses of a Fund, after reflecting a waiver of all fees by the Administrator, exceed the specific limitation, the Administrator has agreed to bear such excess. Any such waiver is voluntary and may be terminated at any time at the Administrator’s sole discretion. At March 31, 2010, there were no such waivers in each Fund.

	International Equity Fund		Emerging Markets Equity Fund		International Fixed Income Fund		Emerging Markets Debt Fund
Class A	1.28	%*†	1.96	%†	1.02	%†	1.36	%†
Class I	1.53	%*†	—		—		—

* The expense cap excludes interest expense on reverse repurchase agreements.

† The expense cap excludes overdraft fees.

Investment Advisory Agreement — SEI Investments Management Corporation (“SIMC”) serves as investment adviser (the “Adviser”) to each Fund. In connection with serving as Adviser, SIMC is entitled to a fee, which is calculated daily and paid monthly, based on the average daily net assets of each Fund. SIMC has voluntarily agreed to waive a portion of its fee for the International Equity, Emerging Markets Equity and Emerging Markets Debt Funds so that the total annual expenses of each Fund, exclusive of short sale expenses and acquired fund fee expenses, will not exceed certain voluntary expense limitations adopted by SIMC. These waivers may be terminated at any time. For the International Fixed Income Fund, SIMC has contractually agreed to waive fees or reimburse expenses until the later of (i) two years after the effective date of the Expense Limitation Agreement, or (ii) January 31, 2012 in order to keep total annual fund operating expenses (exclusive of interest from borrowings, brokerage commissions, taxes and extraordinary expenses not incurred in the ordinary course of the Fund’s business) from exceeding 1.02%.

Accordingly, the advisory fee and contractual or voluntary expense limitations for each Fund are as follows:

	Advisory Fees		Voluntary Expense Limitations		Contractual Expense Limitations
International Equity Fund, Class A	0.505	%	1.530	%	—	%
International Equity Fund, Class I	0.505	%	1.280	%	—	%
Emerging Markets Equity Fund	1.050	%	1.960	%	—	%
International Fixed Income Fund*	0.300	%	—	%	1.020	%
Emerging Markets Debt Fund	0.850	%	1.360	%	—	%

* Prior to March 1, 2010, the Advisory Fee for the International Fixed Income Fund was 0.150%.

With respect to the International Fixed Income Fund from October 1, 2009 until February 28, 2009, SIMC received an advisory fee of 0.15% of the Fund’s average daily net assets. At a meeting of the International Fixed Income Fund’s shareholders held on February 18, 2010, the shareholders of the Fund approved an increase in the advisory fee paid to SIMC by the Fund. As a result, effective March 1, 2010, SIMC receives an investment advisory fee from the Fund of 0.30%.

32 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

As of March 31, 2010, SIMC has entered into Investment Sub-Advisory Agreements with the following parties:

Investment Sub-Adviser

International Equity Fund

Acadian Asset Management, Inc.

AXA Rosenberg Investment Management LLC

Declaration Management & Research LLC

INTECH Investment Management LLC

Neuberger Berman Group LLC

Quantitative Management Associates LLC

Wellington Management Company, LLP

Emerging Markets Equity Fund

AllianceBernstein L.P.

Artisan Partners Limited Partnership

AXA Rosenberg Investment Management LLC

PanAgora Asset Management, Inc.

Rexiter Capital Management Limited

The Boston Company Asset Management LLC

International Fixed Income Fund

AllianceBernstein L.P.

Fidelity International Investment Advisors (UK) Limited (delegates to Fidelity International Investment Advisors)

UBS Global Asset Management (Americas) Inc.

Wellington Management Company, LLP

Emerging Markets Debt Fund

Ashmore Investment Management Limited

ING Investment Management Advisors, B.V.

Stone Harbor Investment Partners LP

Under the investment sub-advisory agreements, each party receives an annual fee, paid by SIMC.

Distribution Agreement — SEI Investments Distribution Co. (the “Distributor”), a wholly owned subsidiary of SEI Investments Company (“SEI”) and a registered broker-dealer, acts as the Distributor of the shares of the Trust under an amended and restated Distribution Agreement dated September 16, 2002. The Trust has adopted plans under which firms, including the Distributor, that provide shareholder and administrative services may receive compensation therefrom. Such plans provide fees payable to the Distributor equal to the following amounts, calculated as a percentage of the average daily net assets attributable to each particular class of each respective fund.

	Shareholder Servicing Fees		Administrative Servicing Fees
International Equity Fund
Class A	0.25	%	—
Class I	0.25	%	0.25	%
Emerging Markets Equity Fund
Class A	0.25	%	—
International Fixed Income Fund
Class A	0.25	%	—
Emerging Markets Debt Fund
Class A	0.25	%	—

The Distribution Agreement between the Distributor and the Trust provides that the Distributor may receive compensation on fund transactions effected for the Trust in accordance with the rules of the Securities and Exchange Commission (“SEC”). Accordingly, it is expected that fund transactions may result in brokerage commissions being paid to the Distributor. The SEC rules require that such commissions not exceed usual and customary commissions. For the six months ended March 31, 2010, the Distributor received no brokerage commissions.

Under both the Shareholder Servicing Plan and Administrative Service Plan, the Distributor may retain as profit any difference between the fee it receives and the amount it pays to third parties.

However, the Distributor has also voluntarily agreed to waive its fee so that the total annual expenses of each Fund will not exceed certain expense limitations as agreed upon by the Distributor as presented above.

For the six months ended March 31, 2010, the Distributor retained 100% of both shareholder servicing fees, less the waiver, and administration servicing fees.

Investment in Affiliated Securities — The Funds may invest excess cash in the SEI Daily Income Trust Prime Obligation Fund, an affiliated money market fund. Additionally, the Funds may invest cash collateral from the securities lending program in the SEI Liquidity Fund L.P., also an affiliated fund.

Payment to Affiliates — Certain Officers and Trustees of the Trust are also Officers and/or Trustees of the Administrator or the Distributor, each a wholly owned subsidiary of SEI. The Trust pays each unaffiliated Trustee an annual fee for attendance at quarterly, interim, and committee meetings.

The Administrator or the Distributor pays compensation of Officers and affiliated Trustees.

A portion of the services provided by the Chief Compliance Officer (“CCO”) and his staff, whom are employees of the Administrator, are paid for by the Trust as incurred. The services include regulatory oversight of the Trust’s Adviser, sub-advisers and service providers as required by SEC regulations. The CCO’s services have been approved by and are reviewed annually by the Board.

Fees Paid Indirectly — The Funds may direct certain fund trades to the Distributor who pays a portion of the Fund’s expenses. Accordingly, the expenses reduced, which were used to pay third party expenses, and the effect on the Fund’s expense ratio, as a percentage of the Fund’s average daily net assets for the six months ended March 31, 2010, can be found on the Statement of Operations and Financial Highlights, respectively.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 33

Notes to Financial Statements (Concluded)

March 31, 2010 (Unaudited)

6. INVESTMENT TRANSACTIONS

The cost of security purchases and the proceeds from the sale of securities, other than temporary cash investments and futures, during the six months ended March 31, 2010, were as follows:

	Purchases ($ Thousands)		Sales and Maturities ($ Thousands)
International Equity Fund
US Government	$	45,564	$	76,323
Other		1,298,057		1,316,327
Emerging Markets Equity Fund
US Government		—		—
Other		274,291		321,194
International Fixed Income Fund
US Government		312		8,890
Other		336,641		284,777
Emerging Markets Debt Fund
US Government		—		—
Other		199,275		191,764

7. FEDERAL TAX INFORMATION:

It is each Fund’s intention to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code and distribute all of its taxable income (including net capital gains). Accordingly, no provision for Federal income taxes is required.

The Funds may be subject to taxes imposed by countries in which they invest with respect to their investments in issuers existing or operating in such countries. Such taxes are generally based on income earned. The Funds accrue such taxes when the related income is earned.

Dividends from net investment income and distributions from net realized capital gains are determined in accordance with U.S. Federal income tax regulations, which may differ from those amounts determined under GAAP. These differences, which may result in distribution reclassifications, are primarily due to paydown reclassifications, foreign currency transactions, net investment losses, investment in partnerships, swaps, passive foreign investment companies and municipal bonds. These book/tax differences are either temporary or permanent in nature. To the extent these differences are permanent, they are charged or credited to paid-in capital, undistributed net investment income or accumulated net realized gain, as appropriate, in the period that the differences arise.

The tax character of dividends and distributions declared during the last two years were as follows:

		Ordinary Income ($ Thousands)		Long-Term Capital Gain ($ Thousands)		Totals ($ Thousands)
International Equity Fund	2009	$	41,285	$	—	$	41,285
	2008		266,737		252,260		518,997
Emerging Markets Equity Fund	2009		10,171		154,332		164,503
	2008		91,523		252,902		344,425
International Fixed Income Fund	2009		57,885		—		57,885
	2008		10,040		—		10,040
Emerging Markets Debt Fund	2009		60,833		—		60,833
	2008		81,803		16,810		98,613

As of September 30, 2009, the components of Accumulated Losses were as follows:

	Undistributed Ordinary Income ($ Thousands)		Undistributed Long-Term Capital Gain ($ Thousands)		Capital Loss Carryforwards ($ Thousands)			Post October Losses ($ Thousands)
International Equity Fund	$	—	$	—	$	(432,652	)	$	(747,423	)
Emerging Markets Equity Fund		5,455		—		(33,118	)		(202,302	)
International Fixed Income Fund		5,034		—		(5,360	)		(23,329	)
Emerging Markets Debt Fund		23,593		—		(14,696	)		(60,401	)

	Post October Currency Losses ($ Thousands)			Unrealized Appreciation ($ Thousands)		Other Temporary Differences ($ Thousands)			Total Accumulated Losses ($ Thousands)
International Equity Fund	$	—		$	107,235	$	437		$	(1,072,403	)
Emerging Markets Equity Fund		—			101,341		—			(128,624	)
International Fixed Income Fund		(34,460	)		18,236		(3,967	)		(43,846	)
Emerging Markets Debt Fund		—			50,635		(23,413	)		(24,282	)

Post-October losses represent losses realized on investment transactions from November 1, 2008 through September 30, 2009, that, in accordance with Federal income tax regulations, the Funds defer and treat as having arisen in the following fiscal year. For Federal income tax purposes, capital carryforwards may be carried forward and applied against future capital gains as follows:

	Expires 2015 ($ Thousands)		Expires 2017 ($ Thousands)		Total Capital Loss Carryforward 09/30/09 ($ Thousands)
International Equity Fund	$	—	$	432,652	$	432,652
Emerging Markets Equity Fund		—		33,118		33,118
International Fixed Income Fund		3,797		1,563		5,360
Emerging Markets Debt Fund		—		14,696		14,696

For tax purposes, the losses in the Funds can be carried forward for a maximum of eight years to offset any net realized capital gains.

The Federal tax cost, aggregate gross unrealized appreciation and depreciation on investments, at March 31, 2010 each Fund is as follows:

	Federal Tax Cost ($ Thousands)		Aggregate Gross Unrealized Appreciation ($ Thousands)		Aggregate Gross Unrealized Depreciation ($ Thousands)			Net Unrealized Appreciation ($ Thousands)
International Equity Fund	$	1,878,032	$	215,032	$	(39,392	)	$	175,640
Emerging Markets Equity Fund		771,683		224,205		(23,989	)		200,216
International Fixed Income Fund		494,120		13,931		(16,801	)		(2,870	)
Emerging Markets Debt Fund		738,922		92,072		(21,513	)		70,559

Management has analyzed the Funds’ tax position taken on federal income tax returns for all open tax years and has concluded that as of March 31, 2010, no provision for income tax would be required in the

34 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Funds’ financial statements. The Funds’ federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

8. CONCENTRATION/RISKS

Each Fund invests in securities of foreign issuers in various countries. These investments may involve certain considerations and risks not typically associated with investments in the United States, as a result of, among other factors, the possibility of future political and economic developments and the level of governmental supervision and regulation of securities markets in the respective countries. The market values of the International Fixed Income and Emerging Markets Debt Funds’ investments will change in response to interest rate changes and other factors. During periods of falling interest rates, the values of fixed income securities generally rise. Conversely, during periods of rising interest rates, the values of such securities generally decline. Changes by recognized rating agencies in the ratings of any fixed income security and in the ability of an issuer to make payments of interest and principal may also affect the value of these investments. Also, the ability of the issuers of debt securities held by the International Fixed Income Fund and Emerging Markets Debt Fund to meet their obligations may be affected by economic and political developments in a specific country, industry or region.

Certain securities held by the Funds are valued on the basis of a price provided by a principal market maker. The prices provided by the principal market makers are estimates that may differ from the value that would be realized if the securities were sold. At March 31, 2010, the total value of these securities represented approximately 4% of the net assets of the Emerging Markets Debt Fund.

In the normal course of business, the Funds enter into contracts that provide general indemnifications by the Fund to the counterparty to the contract. The Funds’ maximum exposure under these arrangements is dependent on future claims that may be made against the Funds and, therefore, cannot be established; however, Management believes that based on experience, the risk of loss from such claims is considered remote.

9. SECURITIES LENDING

A Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Trust’s Board of Trustees. These loans may not exceed 33 1/3% of the total asset value of a Fund (including the loan collateral). No Fund will lend portfolio securities to its Adviser, sub-adviser or their affiliates unless it has applied for and

received specific authority to do so from the SEC. Loans of portfolio securities will be fully collateralized by cash. Collateral will be maintained in an amount equal to at least 100% of the current market value of the loaned securities by marking to market daily, although the borrower will be required to deliver collateral between 102% and 105% of the market value of borrowed securities for domestic and foreign securities, respectively. However, due to market fluctuations during the day, the value of securities loaned on a particular day may, during the course of the day, exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks, including the risk that a Fund may be delayed or prevented from recovering the collateral if the borrower fails to return the securities.

Cash collateral received in connection with securities lending is invested in short-term investments by the lending agent. These investments may include the SEI Liquidity Fund L.P., and the Fund bears all of the gains and losses on such investment. There is no guarantee that these investments will not lose value.

10. RECENT ACCOUNTING PRONOUNCEMENT

In January 2010, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) No. 2010-6, Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements. ASU No. 2010-6 enhances and clarifies existing fair value measurement disclosure requirements and is effective for interim and annual periods beginning after December 15, 2009. The Trust is currently evaluating the impact, if any, of applying the provisions of ASU No. 2010-6.

11. SUBSEQUENT EVENTS

Management has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. This evaluation did not result in any subsequent events that necessitated disclosures and/or adjustments.

12. OTHER MATTERS

Due to volatility in the fixed income and equity markets, the market value of some of the Fund’s holdings may currently be lower than shown in the Summary Schedules of Investments (“SOI”). The values shown in the SOI’s were the market values as of March 31, 2010 and do not reflect any market events after March 31, 2010.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 35

Disclosure of Fund Expenses (Unaudited)

All mutual funds have operating expenses. As a shareholder of a fund, your investment is affected by these ongoing costs, which include (among others) costs for portfolio management, administrative services, and shareholder reports like this one. It is important for you to understand the impact of these costs on your investment returns.

Operating expenses such as these are deducted from the fund’s gross income and directly reduce your final investment return. These expenses are expressed as a percentage of the fund’s average net assets; this percentage is known as the fund’s expense ratio.

The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The table on this page illustrates your fund’s costs in two ways:

Actual fund return. This section helps you to estimate the actual expenses after fee waivers that your Fund incurred over the period. The “Expenses Paid During Period” column shows the actual dollar expense cost incurred by a $1,000 investment in the Fund, and the “Ending Account Value” number is derived from deducting that expense cost from the Fund’s gross investment return.

You can use this information, together with the actual amount you invested in the Fund, to estimate the expenses you paid over that period. Simply divide your actual account value by $1,000 to arrive at a ratio (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply that ratio by the number shown for your Fund under “Expenses Paid During Period.”

Hypothetical 5% return. This section helps you compare your Fund’s costs with those of other mutual funds. It assumes that the fund had an annual 5% return before expenses during the year, but that the expense ratio (Column 3) for the period is unchanged. This example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to make this 5% calculation. You can assess your Fund’s comparative cost by comparing the hypothetical result for your Fund in the “Expense Paid During Period” column with those that appear in the same charts in the shareholder reports for other funds.

NOTE: Because the return is set at 5% for comparison purposes — NOT your Fund’s actual return — the account values shown may not apply to your specific investment.

	Beginning Account Value 10/1/09		Ending Account Value 3/31/10		Annualized Expense Ratios		Expenses Paid During Period*
International Equity Fund
Actual Fund Return
Class A	$	1,000.00	$	1,034.30	1.27	%	$	6.44
Class I	$	1,000.00	$	1,031.70	1.52	%	$	7.70
Hypothetical 5% Return
Class A	$	1,000.00	$	1,018.68	1.27	%	$	6.39
Class I	$	1,000.00	$	1,017.35	1.52	%	$	7.64
Emerging Markets Equity Fund
Actual Fund Return
Class A	$	1,000.00	$	1,107.90	1.96	%	$	10.30
Hypothetical 5% Return
Class A	$	1,000.00	$	1,015.16	1.96	%	$	9.85

	Beginning Account Value 10/1/09		Ending Account Value 3/31/10		Annualized Expense Ratios		Expenses Paid During Period*
International Fixed Income Fund
Actual Fund Return
Class A	$	1,000.00	$	1,030.20	1.01	%	$	5.11
Hypothetical 5% Return
Class A	$	1,000.00	$	1,019.90	1.01	%	$	5.09
Emerging Markets Debt Fund
Actual Fund Return
Class A	$	1,000.00	$	1,083.90	1.36	%	$	7.07
Hypothetical 5% Return
Class A	$	1,000.00	$	1,018.15	1.36	%	$	6.84

* Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period shown).

36 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Board of Trustees Considerations in Approving the Funds’ Investment Advisory and Sub-Advisory Agreements (Unaudited)

SEI Institutional International Trust (the “Trust”) and SEI Investments Management Corporation (“SIMC”) have entered into an investment advisory agreement (the “Advisory Agreement”). Pursuant to the Advisory Agreement, SIMC oversees the investment advisory services to the series of the Trust (the “Funds”) and may manage the cash portion of the Funds’ assets. Pursuant to separate sub-advisory agreements (the “Sub-Advisory Agreements” and, together with the Advisory Agreement, the “Investment Advisory Agreements”) with SIMC, and under the supervision of SIMC and the Trust’s Board of Trustees (the “Board”), the Sub-Advisers are responsible for the day-to-day investment management of all or a discrete portion of the assets of Funds. The Sub-Advisers also are responsible for managing their employees who provide services to these Funds. The Sub-Advisers are selected based primarily upon the research and recommendations of SIMC, which evaluates quantitatively and qualitatively the Sub-Advisers’ skills and investment results in managing assets for specific asset classes, investment styles and strategies.

The Investment Company Act of 1940, as amended (the “1940 Act”) requires that the initial approval of, as well as the continuation of, the Funds’ Investment Advisory Agreements must be specifically approved: (i) by the vote of the Board of Trustees or by a vote of the shareholders of the Funds; and (ii) by the vote of a majority of the Trustees who are not parties to the Investment Advisory Agreements or “interested persons” of any party (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on such approval. In connection with their consideration of such approvals, the Funds’ Trustees must request and evaluate, and SIMC and the Sub-Advisers are required to furnish, such information as may be reasonably necessary to evaluate the terms of the Investment Advisory Agreements. In addition, the Securities and Exchange Commission (“SEC”) takes the position that, as part of their fiduciary duties with respect to a mutual fund’s fees, mutual fund boards are required to evaluate the material factors applicable to a decision to approve an Investment Advisory Agreement.

Consistent with these responsibilities, the Trust’s Board of Trustees calls and holds meetings each year that are dedicated to considering whether to renew the Investment Advisory Agreements between the Trust and SIMC and SIMC and the Sub-Advisers with respect to the Funds of the Trust. In preparation for these meetings, the Board requests and reviews a wide variety of materials provided by SIMC and the Sub-Advisers, including information about SIMC’s and the Sub-Advisers’ affiliates, personnel and operations. The Board also receives extensive data provided by third parties. This information is in addition to the detailed information about the Funds that the Board reviews during the course of each year, including information that relates to Fund operations and Fund performance. The Trustees also receive a memorandum from Fund counsel and independent counsel to the Independent Trustees regarding the responsibilities of Trustees in connection with their consideration of whether to approve the Trust’s Investment Advisory Agreements. Finally, the Independent Trustees receive advice from independent counsel to the Independent Trustees, meet in executive session outside the presence of Fund management and participate in question and answer sessions with representatives of SIMC and the Sub-Advisers.

Specifically, the Board requested and received written materials from SIMC and the Sub-Advisers regarding: (a) the quality of SIMC’s and the Sub-Advisers’ investment management and other services; (b) SIMC’s and the Sub-Advisers’ investment management personnel; (c) SIMC’s and the Sub-Advisers’ operations and financial condition; (d) SIMC’s and the Sub-Advisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (e) the level of the advisory fees that SIMC and the Sub-Advisers charge the Funds compared with the fees each charge to comparable mutual funds; (f) the Funds’ overall fees and operating expenses compared with similar mutual funds; (g) the level of SIMC’s and the Sub-Advisers’ profitability from their Fund-related operations; (h) SIMC’s and the Sub-Advisers’ compliance systems; (i) SIMC’s and the Sub-Advisers’ policies on and compliance procedures for personal securities transactions; (j) SIMC’s and the Sub-Advisers’ reputation, expertise and resources in domestic and/or international financial markets; and (k) the Funds’ performance compared with similar mutual funds.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 37

Board of Trustees Considerations in Approving the Funds’ Investment Advisory and Sub-Advisory Agreements (Unaudited) (Continued)

At the December 9, 2009 and March 24-25, 2010 meetings of the Board of Trustees, the Trustees, including a majority of the Independent Trustees, approved the Investment Advisory Agreements and approved the selection of SIMC and the Sub-Advisers to act in their respective capacities for the Funds. The Board’s approval was based on its consideration and evaluation of a variety of specific factors discussed at the meetings and at prior meetings, including:

• the nature, extent and quality of the services provided to the Funds under the Investment Advisory Agreements, including the resources of SIMC and the Sub-Advisers and their affiliates dedicated to the Funds;

• the Funds’ investment performance and how it compared to that of other comparable mutual funds;

• the Funds’ expenses under each Investment Advisory Agreement and how those expenses compared to those of other comparable mutual funds;

• the profitability of SIMC and the Sub-Advisers and their affiliates with respect to the Funds, including both direct and indirect benefits accruing to SIMC and the Sub-Advisers and their affiliates; and

• the extent to which economies of scale would be realized as the Funds grow and whether fee levels in the Investment Advisory Agreements reflect those economies of scale for the benefit of Fund investors.

Nature, Extent and Quality of Services. The Board of Trustees considered the nature, extent and quality of the services provided by SIMC and the Sub-Advisers to the Funds and the resources of SIMC and the Sub-Advisers and their affiliates dedicated to the Funds. In this regard, the Trustees evaluated, among other things, SIMC’s and the Sub-Advisers’ personnel, experience, track record and compliance program. The Trustees found the level of SIMC’s professional staff and culture of compliance satisfactory. Following evaluation, the Board concluded that, within the context of its full deliberations, the nature, extent and quality of services provided by SIMC and the Sub-Advisers to the Funds and the resources of SIMC and the Sub-Advisers and their affiliates dedicated to the Funds supported renewal of the Investment Advisory Agreements.

Fund Performance. The Board of Trustees considered Fund performance in determining whether to renew the Investment Advisory Agreements. Specifically, the Trustees considered the Funds’ performance relative to their peer groups and appropriate indices/benchmarks, in light of total return, yield and market trends. As part of this review, the Trustees considered the composition of each peer group and selection criteria. In evaluating performance, the Trustees considered both market risk and shareholder risk expectations for the Funds. The Trustees found Fund performance satisfactory, and where performance was below the benchmark, the Trustees were satisfied that appropriate steps were being taken. Following evaluation, the Board concluded that, within the context of its full deliberations, the performance of the Funds supported renewal of the Investment Advisory Agreements.

Fund Expenses. With respect to the Funds’ expenses under the Investment Advisory Agreements, the Trustees considered the rate of compensation called for by the Investment Advisory Agreements and the Funds’ net operating expense ratio in comparison to those of other comparable mutual funds. The Trustees also considered information about average expense ratios of comparable mutual funds in the Funds’ respective peer groups. The Trustees further considered the fact that the comparative fee analysis either showed that the various fees were below average or that there was a reasonable basis for the fee level. Finally, the Trustees considered the effects of SIMC’s voluntary waiver of management and other fees and the Sub-Advisers’ fees to prevent total Fund expenses from exceeding a specified cap and that SIMC and the Sub-Advisers, through waivers, have maintained the Funds’ net operating expenses at competitive levels for their respective distribution channels. Following evaluation, the Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported renewal of the Investment Advisory Agreements.

38 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Profitability. With regard to profitability, the Trustees considered all compensation flowing to SIMC and the Sub-Advisers and their affiliates, directly or indirectly. The Trustees considered whether the varied levels of compensation and profitability under the Investment Advisory Agreements and other service agreements were reasonable and justified in light of the quality of all services rendered to the Funds by SIMC and the Sub-Advisers and their affiliates. The Trustees found that profitability was reasonable and that the margin was not increasing despite growth in assets. When considering the profitability of the Sub-Advisers, the Board took into account the fact that the Sub-Advisers are compensated by SIMC, and not by the Funds directly, and such compensation with respect to any Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. Based on this evaluation, the Board concluded that, within the context of its full deliberations, the profitability of SIMC and the Sub-Advisers is reasonable and supported renewal of the Investment Advisory Agreements.

Economies of Scale. The Trustees considered the existence of any economies of scale and whether those were passed along to the Funds’ shareholders through a graduated investment advisory fee schedule or other means, including any fee waivers by SIMC and its affiliates. Based on this evaluation, the Board concluded that, within the context of its full deliberations, the Funds obtain reasonable benefit from economies of scale.

Based on the Trustees’ deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, unanimously approved the continuation of the Investment Advisory Agreements and concluded that the compensation under the Investment Advisory Agreements is fair and reasonable in light of such services and expenses and such other matters as the Trustees considered to be relevant in the exercise of their reasonable judgment. In the course of their deliberations, the Trustees did not identify any particular information that was all-important or controlling.

SEI Institutional International Trust / Semi-Annual Report / March 31, 2010 39

Shareholder Voting Results (Unaudited)

At a special meeting held on February 18, 2010, the shareholders of the SIT International Fixed Income Fund (the "Fund"), voted on the proposal listed below. The results of the voting were as follows:

Proposal 1: With respect to the Fund, to approve an amendment to the Investment Advisory Agreement between the Advisor and the Trust, on behalf of the Fund, that would increase the management fee payable by the Fund to the Advisor for its investment advisory services.

International Fixed Income
	Number of Shares	% of Outstanding Shares		% of Shares Present
Affirmative	19,251,602.66	36.69	%	72.01	%
Against	6,255,847.74	11.92	%	23.40	%
Abstain	1,228,774.09	2.34	%	4.59	%
Total	26,736,224.49	50.95	%	99.99	%

40 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

SEI INSTITUTIONAL INTERNATIONAL TRUST SEMI-ANNUAL REPORT MARCH 31, 2010

Robert A. Nesher, Chairman

Trustees

William M. Doran

James M. Storey

George J. Sullivan, Jr.

Rosemarie B. Greco

Nina Lesavoy

James M. Williams

Mitchell A. Johnson

Hubert L. Harris, Jr.

Officers

Robert A. Nesher

President and Chief Executive Officer

Stephen F. Panner

Controller and Chief Financial Officer

Russell Emery

Chief Compliance Officer

Timothy D. Barto

Vice President, Secretary

James Ndiaye

Vice President, Assistant Secretary

Aaron Buser

Vice President, Assistant Secretary

David F. McCann

Vice President, Assistant Secretary

John J. McCue

Vice President

Andrew S. Decker

Anti-Money Laundering Compliance Officer

Keri E. Rohn

Privacy Officer

Investment Adviser

SEI Investments Management Corporation

Administrator

SEI Investments Global Funds Services

Distributor

SEI Investments Distribution Co.

Legal Counsel

Morgan, Lewis & Bockius LLP

Independent Registered Public Accounting Firm

KMPG LLP

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Trust and must be preceded or accompanied by a current prospectus. Shares of the SEI Funds are not deposits or obligations of, or guaranteed or endorsed by, any bank. The shares are not federally insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, or any other government agency. Investment in the shares involves risk, including the possible loss of principal.

For more information call

1 800 DIAL SEI

(1 800 342 5734)

SEI Investments Distribution Co.

Oaks, PA 19456 1.800.DIAL.SEI (1.800.342.5734)

SEI-F-031 (3/10)

Item 2. Code of Ethics.

Not applicable for semi-annual report.

Item 3. Audit Committee Financial Expert.

Not applicable for semi-annual report.

Item 4. Principal Accountant Fees and Services.

Not applicable for semi-annual report.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Schedule of Investments.

The Schedules of Investments in securities of unaffiliated issuers as of the close of the reporting period for the International Equity Fund, the Emerging Markets Equity Fund, the International Fixed Income Fund and the Emerging Markets Debt Fund are listed below.

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
COMMON STOCK — 88.9%
Argentina — 0.1%
Banco Macro ADR	17,700	$	529
BBVA Banco Frances ADR	49,520		364
Grupo Financiero Galicia ADR*	50,500		301
Telecom Argentina ADR*	8,200		154
Tenaris	27,436		593
			1,941
Australia — 5.5%
AJ Lucas Group	278		1
Amcor	219,698		1,289
AMP	174,968		1,005
Asciano Group	299,672		521
Australia & New Zealand Banking Group	247,518		5,761
AXA Asia Pacific Holdings	178,369		1,035
Beach Energy	535,481		364
Bendigo and Adelaide Bank	70,514		647
BHP Billiton ADR	59,900		4,811
BHP Billiton	414,116		16,568
Billabong International	21,314		221
Boral	45,948		237
Brambles	44,505		301
CFS Retail Property Trust (A)	256,497		441
Coca-Cola Amatil	268,105		2,768
Cochlear	21,388		1,430
Commonwealth Bank of Australia	234,794		12,131
Computershare	197,344		2,268
CSL	1,990		67
CSR	152,207		231
Dexus Property Group (A)	160,011		119
Downer EDI	34,676		241
Flight Centre	5,700		110
Fortescue Metals Group*	168,184		756
Foster’s Group	448,865		2,179
Goodman Fielder	189,000		248
Goodman Group (A)	770,634		463
GPT Group (A)	303,252		160
Harvey Norman Holdings	199,099		662
Hillgrove Resources	156,973		53
Incitec Pivot	393,567		1,254
Insurance Australia Group	82,731		295
Intoll Group	66,987		69
John Fairfax Holdings	711,381		1,175
Kingsgate Consolidated	2,600		20
Leighton Holdings	38,305		1,371
Lend Lease	79,628		633
MacArthur Coal	69,721		899
Macquarie Group	70,887		3,074
Metcash	64,582		245
Mirvac Group (A)	146,965		199
Mount Gibson Iron*	61,900		106
National Australia Bank	323,916		8,182
OneSteel	428,175		1,533
Orica	125,790		3,093
Origin Energy	2,585		39
OZ Minerals	756,323		795
Qantas Airways	220,771		576
QBE Insurance Group	11,697		224
Rio Tinto	80,892		5,821

Description	Shares	Market Value ($ Thousands)
Santos	259,536	$	3,492
Sonic Healthcare	67,329		888
Stockland (A)	281,977		1,033
Suncorp-Metway	251,497		1,971
Super Cheap Auto Group	3,499		17
TABCORP Holdings	177,174		1,122
Toll Holdings	134,111		913
Transurban Group	221,991		1,029
Wesfarmers	290,374		8,475
Westfield Group (A)	65,532		725
Westpac Banking	274,886		7,024
Whitehaven Coal	23,300		110
Woodside Petroleum	1,900		82
Woolworths	55,516		1,427
WorleyParsons	7,875		184
			115,183
Austria — 0.2%
Erste Group Bank	14,290		601
Immoeast*	248,765		1,367
Mayr Melnhof Karton	571		54
OMV	26,600		1,000
RHI*	8,042		277
Voestalpine	11,761		477
			3,776
Belgium — 1.5%
Colruyt	19,235		4,743
Delhaize Group	95,166		7,662
Dexia	45,059		269
D’ieteren	375		190
Fortis	204,865		731
Groupe Bruxelles Lambert	14,419		1,276
InBev	180,686		9,118
KBC Groep	52,739		2,559
Solvay	10,600		1,092
Telenet Group Holding	18,982		575
UCB	66,211		2,832
Umicore	2,245		79
			31,126
Bosnia and Herzegovina — 0.0%
Lancashire Holdings	40,806		298
Brazil — 0.6%
Banco Santander Brasil ADR	216,200		2,688
BRF— Brasil Foods	90,900		2,448
Centrais Eletricas Brasileiras ADR	95,412		1,431
Cia Energetica de Minas Gerais ADR	116,350		1,936
Cyrela Brazil Realty	48,600		567
Porto Seguro	259,300		2,586
			11,656
Canada — 2.1%
Agrium	33,800		2,387
Bankers Petroleum*	308,700		2,787
Barrick Gold	70,300		2,695
BCE	14,374		422
Bombardier, Cl B	398,500		2,447
Cameco	143,500		3,934

1 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Canadian National Railway	60,880	$	3,699
Cascades	13,400		108
Cenovus Energy	23,910		625
CGI Group, Cl A*	45,600		683
Domtar	4,700		303
Eldorado Gold*	204,500		2,485
EnCana	18,210		567
Garda World Security, Cl A*	10,200		108
Gildan Activewear*	20,422		538
Goldcorp	64,270		2,392
IAMGOLD	44,447		592
Nexen	0		—
Onex	11,900		339
Open Text*	17,600		836
Pacific Rubiales Energy*	234,656		4,563
Petrobank Energy & Resources* (B)	11,900		652
QLT*	10,800		56
Rogers Communications, Cl B	17,900		612
Silver Wheaton*	224,300		3,526
Sino-Forest*	152,100		2,983
Teck Resources, Cl B	19,100		833
TELUS, Cl A	1		—
Toronto-Dominion Bank	30,700		2,291
Yamana Gold	79,911		792
			44,255
Chile — 0.4%
Banco Santander Chile ADR	38,807		2,647
Enersis ADR	55,800		1,116
Sociedad Quimica y Minera de Chile ADR	119,900		4,483
			8,246
China — 0.8%
Bank of China	7,242,000		3,861
Dongfeng Motor Group, Cl H	1,948,000		3,166
Industrial & Commercial Bank of China	2,966,000		2,261
PetroChina ADR	21,800		2,555
PICC Property & Casualty, Cl H (C)	652,000		664
Qingling Motors, Cl H	794,000		216
Trina Solar ADR*	73,800		1,802
Xinao Gas Holdings (C)	1,024,000		2,617
			17,142
Cyprus — 0.0%
Bank of Cyprus Public	11,364		72
Denmark — 1.3%
AP Moller — Maersk, Cl B	448		3,420
Carlsberg, Cl B	31,219		2,625
Coloplast, Cl B	16,410		1,810
Danske Bank	106,444		2,623
DSV	12,209		219
FLSmidth	16,250		1,129
Novo Nordisk, Cl B	130,698		10,160
Novozymes, Cl B	1,010		112
Sydbank	8,916		240
TrygVesta	53,808		3,558

Description	Shares	Market Value ($ Thousands)
William Demant Holding*	7,132	$	506
			26,402
Finland — 0.6%
Elisa, Cl A	29,417		608
Fortum	11,706		287
Kesko, Cl B	10,315		407
Kone, Cl B	105,307		4,360
Metso	45,583		1,475
Nokia	119,480		1,864
Orion, Cl B	16,989		376
Sampo, Cl A	57,686		1,533
Sanoma	14,994		333
Sponda	15,104		63
Stora Enso, Cl R	126,016		962
UPM-Kymmene	48,712		647
			12,915
France — 6.2%
Alstom	111,137		6,943
Arkema	13,254		492
Atos Origin	5,186		261
AXA	67,669		1,508
BioMerieux	2,023		233
BNP Paribas	134,756		10,368
Bouygues	53,094		2,674
Capital Gemini	13,315		657
Casino Guichard Perrachon	8,202		695
Christian Dior	19,054		2,036
Cie de Saint-Gobain	30,167		1,453
Cie Generale d’Optique Essilor International	3,961		253
CNP Assurances	52,718		4,988
Compagnie Generale de Geophysique*	4,289		122
Compagnie Generale des Etablissements Michelin, Cl B	789		58
Credit Agricole	27,510		482
Dassault Systemes	22,672		1,344
EDF	37,812		2,067
Eurazeo	5,592		389
Eutelsat Communications	131,598		4,687
Fonciere Des Regions (A)	7,061		779
France Telecom	191,232		4,584
GDF Suez	2,712		105
Gecina (A)	9,460		1,049
Groupe Eurotunnel	35,896		366
Groupe Steria SCA	3,103		96
Havas	121,819		614
Ipsen	122,983		6,017
JC Decaux	13,048		365
Klepierre (A)	17,545		690
Lafarge	3,881		274
Lagardere SCA	19,437		788
Legrand	9,852		312
L’Oreal	10,030		1,057
LVMH Moet Hennessy Louis Vuitton	6,259		733
Metropole Television	30,753		797
Natixis	373,867		2,021
Neopost	7,368		590
Nexity	5,180		204

2 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Pernod-Ricard	5,938	$	505
Peugeot	84,900		2,504
PPR	10,724		1,430
Publicis Groupe	13,029		559
Rallye	2,314		86
Renault	63,274		2,971
Rhodia	33,025		685
Safran	36,930		964
Sanofi-Aventis	225,485		16,839
Schneider Electric	65,403		7,685
SCOR	19,350		490
Societe BIC	1,880		144
Societe de la Tour Eiffel(A)	1,014		85
Societe Des Autoroutes Paris- Rhin-Rhone	4,172		301
Societe Generale	1,746		110
Societe Television Francaise 1	75,033		1,394
Sodexho Alliance	77,370		4,633
Suez Environnement	6,927		160
Technip	62,774		5,113
Thales	76,706		3,085
Total	160,790		9,351
Unibail(A)	7,584		1,539
Valeo	25,568		914
Vallourec	5,644		1,140
Vinci	34,621		2,044
Vivendi	92,754		2,487
			130,369
Germany — 6.3%
Adidas	5,371		288
Aixtron	62,394		2,248
Allianz	58,594		7,360
Aurubis	8,700		449
BASF	253,749		15,767
Bayer	53,618		3,633
Bayerische Motoren Werke	35,954		1,663
Beiersdorf	10,942		656
Bilfinger Berger	12,470		833
Celesio	329		11
DaimlerChrysler	118,288		5,579
Deutsche Bank	71,566		5,523
Deutsche Boerse	115,585		8,583
Deutsche Lufthansa	11,665		194
Deutsche Post	214,575		3,729
Deutsche Postbank	5,773		186
Deutsche Telekom	319,530		4,339
E.ON	135,195		5,000
Fresenius	3,190		238
Fresenius Medical Care	80,234		4,535
GAGFAH	34,000		305
GEA Group	6,302		146
Hannover Rueckversicherung	56,271		2,784
HeidelbergCement	91,336		5,104
Henkel KGaA	29,343		1,362
Hochtief	39,064		3,289
Infineon Technologies*	525,531		3,654
Linde	50,280		6,010
Metro	6,430		382
MTU Aero Engines Holding	4,533		264
Puma Rudolf Dassler Sport	438		139
Rheinmetall	148		11

Description	Shares	Market Value ($ Thousands)
RWE	58,108	$	5,158
Salzgitter	454		42
SAP	5,269		256
SAP ADR	89,900		4,330
Siemens	163,002		16,354
Suedzucker	22,873		506
Tipp24	1,677		65
Tognum	239,922		4,522
TUI	165,211		1,861
United Internet	97,631		1,484
Volkswagen	838		81
Wacker Chemie	459		68
Wincor Nixdorf	51,421		3,489
			132,480
Greece — 0.3%
Coca Cola Hellenic Bottling	39,480		1,066
OPAP	31,308		712
Public Power	222,567		3,915
			5,693
Guernsey — 0.1%
Resolution*	2,487,675		3,092
Hong Kong — 2.7%
ASM Pacific Technology	71,600		678
BOC Hong Kong Holdings	3,343,356		7,974
Cathay Pacific Airways	1,147,000		2,417
Champion REIT(A)	252,000		120
Champion Technology Holdings	942,000		32
Cheung Kong Holdings	194,000		2,498
China Mobile ADR	92,300		4,441
China Sci-Tech Holdings*	2,272,000		89
Chinese Estates Holdings	62,000		104
CLP Holdings	251,000		1,794
CNOOC	1,252,000		2,061
Dickson Concepts International	27,500		17
DMX Technologies Group*	475,000		124
Esprit Holdings(C)	331,667		2,616
First Pacific	305,000		198
Genting Singapore*(C)	139,000		88
Get Nice Holdings	1,558,000		104
Guoco Group	22,000		228
Hang Lung Group	22,000		117
Hang Lung Properties	117,000		472
Henderson Land Development	156,000		1,099
HKR International	62,400		26
Hong Kong & China Gas	73,000		182
Hong Kong Exchanges and Clearing	8,100		135
Hongkong & Shanghai Hotels	119,000		184
Hongkong Land Holdings	201,041		1,019
Hopewell Holdings	128,000		379
Huabao International Holdings	1,066,000		1,281
Hutchison Harbour Ring	506,000		53
Hutchison Telecommunications Hong Kong Holdings	802,000		138
Hutchison Whampoa	298,564		2,184
Hysan Development	211,000		610
Jardine Matheson Holdings	17,600		586
Jardine Strategic Holdings	13,000		250

3 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Kerry Properties	594,500	$	3,189
Lai Sun Development*	3,850,000		65
Li & Fung	638,000		3,139
Link REIT (A)	188,500		465
MTR	6,000		23
New World Development (C)	688,000		1,347
Noble Group	622,893		1,363
NWS Holdings (C)	52,000		104
Orient Overseas International	145,000		1,075
Pacific Basin Shipping	576,450		459
Pacific Century Premium Developments	326,000		122
RCG Holdings*	39,556		45
Sun Hung Kai Properties	258,000		3,881
Swire Pacific, Cl A	79,500		956
Television Broadcasts	62,000		300
VTech Holdings (C)	40,000		433
Wharf Holdings	471,649		2,658
Wheelock	263,000		776
Yue Yuen Industrial Holdings	267,500		930
			55,628
India — 0.7%
HDFC Bank	87,580		3,772
Infosys Technologies	52,740		3,073
Reliance Industries GDR	70,534		3,400
State Bank of India GDR	30,039		2,823
Sterlite Industries India	107,100		2,028
			15,096
Indonesia — 0.1%
Astra International	345,500		1,591
Ireland — 0.7%
DCC	13,991		363
Experian	812,957		7,997
Kerry Group, Cl A	17,723		552
Smurfit Kappa Group	15,250		127
Willis Group Holdings	150,700		4,716
			13,755
Israel — 0.6%
Check Point Software Technologies*	48,050		1,685
Makhteshim-Agan Industries	853,544		3,858
Teva Pharmaceutical Industries ADR	107,900		6,806
			12,349
Italy — 1.9%
Atlantia	63,312		1,480
Autogrill	32,668		398
CIR-Compagnie Industriali Riunite	29,934		72
Edison	304,370		465
Enel	1,961,694		10,989
Engineering Ingegneria Informatica	2,148		76
ENI	168,056		3,950
Fiat	116,117		1,515
Finmeccanica	72,000		963
Intesa Sanpaolo	66,114		226

Description	Shares	Market Value ($ Thousands)
Luxottica Group	1,809	$	48
Mediaset	772,335		6,647
Mediolanum	20,342		119
Parmalat	89,954		247
Saipem	24,203		938
Saras	1,090,148		2,980
Snam Rete Gas	123,664		628
Telecom Italia	4,050,206		5,820
Terna Rete Elettrica Nazionale	182,005		789
UniCredito Italiano	253,778		751
Unipol Gruppo Finanziario	118,807		134
			39,235
Japan — 16.4%
77 Bank	245,000		1,400
ABC-Mart	5,800		186
Advantest	11,800		295
Aeon (C)	86,800		986
Aichi Bank	800		65
Aichi Machine Industry	6,000		25
Aida Engineering (C)	6,000		25
Air Water	7,000		80
Aisin Seiki	15,900		476
Ajinomoto	163,000		1,615
Akita Bank	11,000		44
Alfresa Holdings	4,300		185
Alpen	3,100		50
Alpine Electronics	21,300		259
Alps Electric	65,295		451
AOKI Holdings	3,800		51
Aoyama Trading	4,800		79
Arnest One	9,500		87
Asahi Breweries	62,900		1,180
Asahi Glass	648,597		7,309
Asahi Kasei	110,000		592
Asset Managers Holdings (C)	760		79
Astellas Pharma	122,100		4,423
Bank of Kyoto	74,000		682
Bank of Nagoya	19,000		77
Bank of Yokohama	148,825		729
Belluna	3,800		16
Bridgestone	11,500		196
Brother Industries	253,600		3,067
Canon	167,500		7,762
Canon Finetech	1,000		18
Cawachi	1,900		36
Central Japan Railway	126		960
Chiba Bank (C)	181,744		1,087
Chiba Kogyo Bank*	3,800		30
Chubu Electric Power	96,500		2,414
Chuetsu Pulp & Paper	18,000		32
Chugai Pharmaceutical	29,438		554
Citizen Holdings	10,200		70
Cleanup	200		2
Coca-Cola Central Japan	200		2
Corona	1,900		24
Crescendo Investment, Cl A (A)	22		30
Dai Nippon Printing	93,481		1,264
Daicel Chemical Industries	260,623		1,793
Daihatsu Motor	27,000		258
Daiichi Sankyo	103,000		1,930
Daiichikosho	11,500		148

4 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Daikin Industries	5,200	$	213
Daikoku Denki	2,600		46
Dainippon Ink and Chemicals	34,000		74
Dainippon Sumitomo Pharma	72,900		669
Daiwa House Industry	290,000		3,274
Daiwa Securities Group	76,000		400
Dena	47		348
Denki Kagaku Kogyo	179,000		770
Denso	8,000		238
Dentsu (C)	13,100		344
Disco	10,767		663
eAccess	94		69
East Japan Railway	40,800		2,838
Eighteenth Bank	3,000		9
Eisai	2,000		71
Eizo Nanao	500		12
Electric Power Development	2,300		76
Elpida Memory*	80,658		1,589
Faith	378		45
Fanuc	700		74
Fast Retailing	18,300		3,183
Fuji Electric Holdings	331,000		903
Fuji Film Holdings	175,186		6,037
Fuji Heavy Industries	73,000		378
Fuji Media Holdings	1,588		2,354
FUJI SOFT INC	4,300		72
Fujikura	23,000		133
Fujishoji	42		40
Fujitec	7,000		42
Fujitsu	1,077,000		7,054
Fukuda Denshi	300		7
Fukuoka Financial Group	470,000		1,997
Funai Electric	2,300		97
Furukawa Electric	150,000		780
Furuno Electric	2,400		11
Gree	4,800		293
Gunma Bank	31,000		172
Hachijuni Bank	25,000		142
Hakuhodo DY Holdings (C)	3,580		189
Hankyu Hanshin Holdings	56,000		260
Heiwa	4,600		47
Heiwado	3,000		39
Higashi-Nippon Bank	14,000		29
HI-LEX	2,900		37
Hino Motors	752,000		3,179
Hisamitsu Pharmaceutical	1,800		67
Hitachi	1,155,000		4,314
Hitachi Chemical	16,700		361
Hitachi Construction Machinery (C)	16,400		388
Hitachi High-Technologies	2,900		67
Honda Motor	428,590		15,136
Hosiden	5,200		68
Hoya	22,400		616
Hyakugo Bank	9,000		42
Ibiden	16,597		572
Idemitsu Kosan	2,500		189
IHI	70,000		128
Iida Home Max (C)	11,700		192
Inabata	9,100		43
Inpex	435		3,194
Isuzu Motors	39,000		106

Description	Shares	Market Value ($ Thousands)
Itochu	216,000	$	1,893
Itochu-Shokuhin	800		25
Iwatani	14,000		41
J Front Retailing	13,000		77
Japan Digital Laboratory	2,000		21
Japan Tobacco	1,327		4,942
JFE Holdings	149,111		6,008
JS Group	40,300		821
JSP	2,000		24
JSR	78,600		1,643
Jupiter Telecommunications (C)	7,506		8,676
Juroku Bank	12,000		48
Justsystems*	33,500		86
Kamigumi	21,000		169
Kaneka	2,000		13
Kansai Paint (C)	40,000		326
Kao	1,800		46
Kasumi	1,000		5
Kato Sangyo	2,500		41
KDDI	1,292		6,692
Keio	13,000		88
Keisei Electric Railway	39,000		238
Kikkoman	4,000		47
Kirin Brewery	80,000		1,181
Kita-Nippon Bank	1,700		47
Kobe Steel	267,000		574
Kohnan Shoji	2,400		27
Koito Manufacturing	14,000		208
Komatsu	30,300		636
Konica Minolta Holdings	46,000		537
Kubota	39,000		356
Kuraray	69,500		936
Kyocera	38,300		3,734
Kyoei Steel	3,900		82
Kyudenko	9,000		54
Mabuchi Motor	8,100		466
Maeda Road Construction	6,000		49
Makita	70,249		2,316
Mars Engineering	200		4
Marubeni	1,093,631		6,800
Maruichi Steel Tube (C)	15,300		310
Matsushita Electric Industrial	100,500		1,538
Matsushita Electric Works	63,000		796
Maxvalu Nishinihon	2,300		33
Mazda Motor	170,000		479
Mediceo Paltac Holdings	55,100		653
MEIJI Holdings	6,700		260
Mie Bank	11,000		31
Minebea	14,000		85
Miraca Holdings	19,400		592
Mitsubishi	492,891		12,924
Mitsubishi Chemical Holdings	118,000		604
Mitsubishi Electric	283,000		2,602
Mitsubishi Heavy Industries	237,000		982
Mitsubishi Materials	101,000		291
Mitsubishi Steel Manufacturing	39,000		96
Mitsubishi UFJ Financial Group	1,058,197		5,549
Mitsui	533,368		8,967
Mitsui Chemicals	94,000		285
Mitsui Engineering & Shipbuilding (C)	299,000		746
Mitsui Home	8,000		44

5 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Mitsui OSK Lines	353,000	$	2,535
Mitsui Sumitomo Insurance Group Holdings	29,800		828
Murata Manufacturing	5,300		301
Nafco	2,300		42
Nagase	19,000		238
Namco Bandai Holdings	23,900		233
NEC	276,000		830
NEC Mobiling	1,000		24
NEC Networks & System Integration	15,900		211
NGK Insulators	31,000		633
NGK Spark Plug	9,000		122
NHK Spring	73,000		670
Nidec	58,100		6,230
Nihon Yamamura Glass	4,000		13
Nikon	151,100		3,300
Nintendo	900		301
Nippo	8,000		61
Nippon Beet Sugar Manufacturing	12,000		29
Nippon Electric Glass	250,470		3,530
Nippon Express	108,000		465
Nippon Flour Mills	8,000		40
Nippon Oil	295,711		1,491
Nippon Shokubai	11,000		99
Nippon Steel	52,000		204
Nippon Steel Trading	7,000		14
Nippon Telegraph & Telephone	144,200		6,080
Nishi-Nippon City Bank	152,000		449
Nissan Chemical Industries	27,000		378
Nissan Motor	1,323,029		11,341
Nissan Shatai	15,000		120
Nissha Printing	1,400		55
Nisshin Seifun Group	3,500		45
Nissin Food Products	14,100		475
Nitori	10,850		824
Nitto Denko	72,900		2,832
NOK	9,500		143
Noritsu Koki	6,500		46
NSK (C)	244,000		1,927
NTT Data	376		1,253
NTT DoCoMo	1,141		1,739
Obic	3,800		691
Ohsho Food Service (C)	2,100		55
Oita Bank	18,000		66
Okasan Securities Group	68,000		325
Okuwa	4,000		40
Olympus	70,200		2,254
Omron	60,900		1,414
Oracle Japan	6,100		283
ORIX	12,677		1,125
Osaka Gas	58,000		208
Osaka Steel	3,100		49
Pioneer	15,500		57
Raito Kogyo	26,000		62
Rakuten	1,086		786
Resona Holdings	36,200		458
Ricoh	73,000		1,141
Ricoh Leasing	500		12
Rinnai	5,300		279
Rohm	1,200		90
Roland	2,200		26

Description	Shares	Market Value ($ Thousands)
Sakai Chemical Industry	1,000	$	5
San-Ai Oil	5,000		20
San-In Godo Bank	13,000		109
Sanki Engineering	19,000		134
Sankyo	83,700		4,143
Santen Pharmaceutical	12,226		367
Sapporo Hokuyo Holdings	635,000		2,902
Sazaby League	1,700		25
SBI Holdings	106		21
Secom	900		39
Sega Sammy Holdings	33,600		407
Seiko Epson (C)	18,800		292
Seino Transportation	76,000		542
Senshu Ikeda Holdings (C)	114,200		208
Seven & I Holdings	11,600		280
Sharp (C)	86,000		1,076
Shimamura	3,400		301
Shimano	10,100		447
Shinko Securities	361,000		1,144
Shinsei Bank (C)	459,000		555
Shionogi	146,700		2,791
Shiseido (C)	67,100		1,458
Showa	3,000		24
Showa Denko KK	106,000		239
Sinanen	1,000		4
Sintokogio	15,600		130
SKY Perfect JSAT Holdings	118		51
Softbank	16,800		414
Sohgo Security Services	14,000		162
Sony	229,100		8,778
SRI Sports	23		22
Stanley Electric	4,800		93
Sumco	4,800		102
Sumikin Bussan	13,000		30
Sumitomo	354,940		4,083
Sumitomo Chemical	133,000		650
Sumitomo Electric Industries	203,117		2,491
Sumitomo Heavy Industries	124,989		753
Sumitomo Metal Mining	140,000		2,084
Sumitomo Mitsui Financial Group	145,137		4,800
Sumitomo Realty & Development	3,000		57
Sumitomo Rubber Industries	12,800		113
Sumitomo Trust & Banking	210,000		1,232
Suzuken	13,100		462
Suzuki Motor (C)	28,300		625
Sysmex	6,100		358
T&D Holdings	21,650		513
Tachi-S, Cl S	12,800		139
Tadano	10,000		54
Taisho Pharmaceutical	26,000		473
Taiyo Nippon Sanso	31,000		303
Takara Leben	7,200		32
Takata	200		5
Takeda Pharmaceutical	66,800		2,942
Takefuji (C)	190,630		812
Tanabe Seiyaku	33,000		466
TDK	29,573		1,969
Teijin	100,000		336
Terumo	23,300		1,242
THK	5,200		114
TKC	2,700		50
Toei	3,000		15

6 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Toho Gas	90,000	$	491
Toho Holdings	9,500		124
Tohoku Electric Power	26,500		560
Tohokushinsha Film	3,500		21
Tokai Tokyo Securities	13,000		54
Tokyo Broadcasting System	16,400		249
Tokyo Electron	20,614		1,368
Tokyo Energy & Systems	6,000		41
Tokyo Gas	225,000		992
Tokyo Style	5,000		35
Tokyo Tekko	24,000		73
Tokyu Land	41,000		157
Toppan Forms	900		10
Toppan Printing	68,000		614
Topre	1,800		14
Topy Industries	10,615		24
Toshiba	80,000		414
Toshiba TEC	65,000		257
Totetsu Kogyo	9,000		50
Toyo Ink Manufacturing	30,000		135
Toyo Kohan	10,000		60
Toyo Securities	37,000		77
Toyo Seikan Kaisha	9,500		168
Toyo Suisan Kaisha	39,003		1,009
Toyoda Gosei	27,800		780
Toyota Auto Body	7,300		125
Toyota Boshoku	12,300		236
Toyota Industries	15,000		429
Toyota Motor	105,538		4,230
Toyota Tsusho	136,000		2,134
TV Asahi	91		138
Unicharm	21,200		2,049
Universal Entertainment	1,600		23
USS	2,660		181
Valor	3,800		31
Vital KSK Holdings	2,000		13
Warabeya Nichiyo	5,200		62
Watabe Wedding	7,400		82
West Japan Railway (C)	155		534
Yahoo! Japan	18,675		6,805
Yakult Honsha (C)	43,763		1,181
Yamada Denki	33,670		2,486
Yamaguchi Financial Group	36,000		394
Yamaha	1,100		14
Yamaha Motor	227,200		3,407
Yamato Transport	23,400		329
Yaskawa Electric	42,000		384
Yodogawa Steel Works	12,000		54
Yokogawa Electric	38,200		333
Yokohama Reito	6,000		43
Yokohama Rubber	4,000		19
Yurtec	6,000		30
			343,330
Jersey — 0.3%
Informa	988,549		5,808
Randgold Resources	1,126		85
			5,893
Macau — 0.0%
Sands China*	40,000		64

Description	Shares	Market Value ($ Thousands)
Malaysia — 0.1%
CIMB Group Holdings	398,600	$	1,718
Mauritius — 0.0%
Golden Agri-Resources	2,232,153		926
Netherlands — 5.7%
Aegon	38,595		265
Akzo Nobel	101,003		5,767
ArcelorMittal	127,624		5,611
ASML Holding	83,031		2,973
Boskalis Westminster	9,199		353
Corio (A)	438		29
CSM	31,407		977
European Aeronautic Defence and Space	147,311		2,969
Fugro	95,597		6,259
Heineken	59,033		3,039
Heineken Holding	30,756		1,371
ING Groep	308,795		3,089
James Hardie Industries	77,344		515
Koninklijke Ahold	598,311		7,991
Koninklijke DSM	152,488		6,812
Koninklijke KPN	332,215		5,273
Koninklijke Philips Electronics	389,475		12,511
Koninklijke Vopak	23,975		1,892
Nutreco Holding	2,083		131
Randstad Holding	19,000		905
Royal Dutch Shell, Cl A	479,968		13,907
Royal Dutch Shell, Cl B	182,944		5,038
SBM Offshore	102,794		2,061
TNT	317,598		9,123
Unilever	679,800		20,600
			119,461
New Zealand — 0.1%
Air New Zealand	110,300		99
Fletcher Building	92,145		546
Telecom of New Zealand	764,750		1,178
			1,823
Norway — 1.3%
DnB	995,532		11,388
Marine Harvest*	1,254,691		1,116
Norsk Hydro	9,400		72
Petroleum Geo-Services*	1,000		13
Seadrill	128,450		2,997
Statoil	196,572		4,557
Telenor	409,838		5,565
TGS Nopec Geophysical*	3,466		74
Yara International	50,150		2,180
			27,962
Portugal — 0.3%
Banco Comercial Portugues	492,204		549
Banco Espirito Santo*	97,206		526
Brisa Auto-Estradas de Portugal	18,792		160
Cimpor Cimentos de Portugal	27,506		208
Energias de Portugal	411,038		1,637

7 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Jeronimo Martins SGPS	193,828	$	1,967
Portugal Telecom SGPS	103,834		1,163
			6,210
Russia — 0.1%
OAO Gazprom ADR	131,917		3,078
Surgutneftegaz ADR	8,414		83
			3,161
Singapore — 1.5%
Ascendas Real Estate Investment Trust (A)	155,000		213
CapitaCommercial Trust (A)(C)	634,504		490
CapitaMall Trust (A)	378,381		479
CapitaMalls Asia*	29,400		48
Chemoil Energy	80,000		28
City Developments	22,000		167
ComfortDelgro	55,000		61
DBS Group Holdings	624,283		6,386
Fraser and Neave	182,000		625
GuocoLeisure	296,000		142
Hong Leong Asia	27,000		88
Jardine Cycle & Carriage	66,856		1,405
Keppel	18,000		117
Olam International (C)	1,537,953		2,849
Oversea-Chinese Banking	648,701		4,041
SembCorp Industries	263,000		777
SembCorp Marine	52,000		156
SIA Engineering	10,000		25
Singapore Airlines	190,047		2,066
Singapore Airport Terminal Services	117,000		222
Singapore Press Holdings	140,000		383
Singapore Technologies Engineering	217,000		495
Singapore Telecommunications	426,873		968
Starhill Global REIT, Cl REIT (A)	108,000		43
United Industrial	47,000		69
United Overseas Bank	139,000		1,911
UOB-Kay Hian Holdings	77,000		93
UOL Group	262,000		731
Venture	11,000		69
Wheelock Properties Singapore	14,000		19
Wilmar International	793,000		3,800
Yangzijiang Shipbuilding Holdings (C)	2,035,000		1,689
			30,655
South Africa — 0.3%
MTN Group	353,608		5,393
South Korea — 1.0%
Hyundai Mobis	41,835		5,546
Hyundai Steel	31,970		2,427
Kia Motors	68,710		1,533
Korea Electric Power	30,680		991
KT	56,340		2,328
Samsung Electronics	7,030		5,083
Samsung SDI	18,995		2,384
			20,292

Description	Shares	Market Value ($ Thousands)
Spain — 1.8%
Abertis Infraestructuras	10,092	$	195
Acerinox	2,343		46
Banco Bilbao Vizcaya Argentaria	438,692		6,013
Banco Pastor	6,689		39
Banco Popular Espanol	39,626		292
Banco Santander Central Hispano	1,318,597		17,557
Bankinter	55,407		462
Caja de Ahorros del Mediterraneo	12,489		104
Construcciones y Auxiliar de Ferrocarriles	612		361
Enagas	17,717		389
Ferrovial	75,857		739
Fomento de Construcciones y Contratas	6,900		253
Gas Natural	136,890		2,532
Gestevision Telecinco	18,433		290
Inditex	13,854		915
Mapfre	43,805		161
Red Electrica	40,686		2,187
Repsol	36,393		863
Telefonica	207,256		4,919
			38,317
Sweden — 1.9%
Alfa Laval	120,239		1,776
Assa Abloy, Cl B	42,984		844
Atlas Copco, Cl B	16,623		234
Atlas Copco, Cl A	33,446		520
Boliden	37,841		543
Electrolux, Ser B	235,774		5,405
Getinge, Cl B	26,257		632
Hennes & Mauritz, Cl B	14,587		951
Industrivarden, Cl C	21,061		268
Investor, Cl A	19,897		366
Kinnevik Investment, Cl B	56,024		1,035
Meda, Cl A	10,238		113
Nordea Bank	334,616		3,313
Ratos, Cl B	22,504		749
Saab, Cl B	4,768		73
Sandvik	10,814		136
Scania, Cl B	21,434		340
Skanska, Cl B	51,857		945
SKF, Cl B	36,770		655
Svenska Cellulosa, Cl B	403,941		5,714
Svenska Handelsbanken, Cl A	250,244		7,357
Swedbank	445,441		4,586
Swedish Match	22,777		546
Tele2, Cl B	31,586		529
TeliaSonera	238,414		1,698
Trelleborg, Cl B	20,884		153
			39,481
Switzerland — 7.8%
Actelion*	6,670		304
Adecco	80,676		4,587
Advanced Digital Broadcast Holdings*	480		20
Baloise Holding	18,038		1,602
Banque Cantonale Vaudoise	1,287		602
Clariant	34,000		433

8 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Compagnie Financiere Richemont	132,491	$	5,139
Credit Suisse Group	206,209		10,648
Elektrizitaets-Gesellschaft Laufenburg	56		43
Geberit	7,339		1,316
Givaudan	6,220		5,466
Helvetia Holding	1,300		457
Holcim	68,214		5,094
Julius Baer Group	115,118		4,183
Kuehne & Nagel International	483		49
Nestle	586,130		30,071
Nobel Biocare Holding	154,764		4,146
Novartis	456,083		24,677
PSP Swiss Property	1,696		109
Roche Holding	85,521		13,894
Schindler Holding	9,631		845
SGS	4,205		5,809
Sonova Holding	8,498		1,058
Straumann Holding	1,363		340
Sulzer	38,219		3,722
Swatch Group	48,372		7,656
Swiss Life Holding	10,859		1,429
Swiss Reinsurance	25,464		1,256
Swisscom	12,130		4,434
Syngenta	4,554		1,267
Temenos Group*	14,501		428
UBS	157,100		2,558
Xstrata	483,229		9,152
Zurich Financial Services	39,587		10,166
			162,960
Taiwan — 0.6%
Chunghwa Telecom	1,447,300		2,830
MediaTek	158,000		2,742
Taishin Financial Holding	3,065,464		1,245
Taiwan Semiconductor
Manufacturing ADR Taiwan Semiconductor	198,300		2,080
Manufacturing	1,319,954		2,556
United Microelectronics ADR	568,418		2,137
			13,590
Thailand — 0.0%
Charoen Pokphand Foods	1,917,100		889
Turkey — 0.2%
KOC Holding*	323,900		1,106
Turkiye Garanti Bankasi	657,550		3,067
			4,173
United Kingdom — 16.3%
3i Group	573,557		2,534
Acergy	59,900		1,097
Admiral Group	20,738		415
African Barrick Gold*	229,600		2,032
Aggreko	46,530		841
Amlin	1,041,923		6,134
Anglo American*	178,168		7,767
Antofagasta	335,316		5,290
Arriva	22,460		250
Associated British Foods	123,816		1,838

Description	Shares	Market Value ($ Thousands)
AstraZeneca	409,094	$	18,238
Autonomy*	25,795		713
Aviva	521,740		3,049
BAE Systems	759,439		4,277
Balfour Beatty	194,761		863
Barclays	2,722,469		14,879
BG Group	281,645		4,873
BHP Billiton	420,064		14,401
BP	3,571,591		33,774
British Airways	6,880		25
British American Tobacco	452,625		15,596
British Sky Broadcasting Group	16,672		152
BT Group, Cl A	2,180,264		4,098
Bunzl	20,639		226
Burberry Group	52,805		572
Cairn Energy*	992,073		6,275
Cape*	51,033		177
Carnival	9,863		405
Catlin Group	99,920		546
Charter International	49,124		559
Cobham	102,079		398
Colt Telecom Group*	39,726		77
Compass Group	297,965		2,377
Computacenter	11,100		52
Cookson Group*	75,639		627
Davis Service Group	44,500		285
Devro	35,193		86
Diageo	285,478		4,789
Drax Group	4,302		24
DS Smith	83,389		171
easyJet*	422,317		2,940
Eurasian Natural Resources	46,554		842
Firstgroup	123,923		675
Fresnillo	4,833		62
GlaxoSmithKline	546,373		10,488
Group 4 Securicor	37,024		147
Hamworthy	16,122		79
Healthcare Locums	40,124		110
Home Retail Group	483,187		1,986
HSBC Holdings (C)	1,817,472		18,446
ICAP	259,325		1,470
Imperial Tobacco Group	280,174		8,542
Inmarsat	19,826		227
Intercontinental Hotels Group	36,649		574
International Power	696,999		3,372
Invensys	215,457		1,113
Investec	132,248		1,081
ITV	763,288		703
J Sainsbury	242,099		1,203
Kazakhmys	96,720		2,240
Kingfisher	368,840		1,200
Land Securities Group (A)	5,915		61
Legal & General Group	2,473,650		3,304
Lloyds Banking Group	1,417,642		1,350
Logica	1,144,476		2,370
London Stock Exchange Group	4,863		52
Marks & Spencer Group	22,358		126
Millennium & Copthorne Hotels	46,000		338
Mondi	2,310		16
National Grid	150,252		1,462
Next	76,947		2,526
Old Mutual	707,012		1,314

9 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares/ Face Amount (1) ($ Thousands)	Market Value ($ Thousands)
Pearson	96,200	$	1,512
Persimmon	79,266		560
Petrofac	66,753		1,217
Prudential	25,289		210
QinetiQ	72,000		146
Reckitt Benckiser Group	78,113		4,286
Reed Elsevier	581,671		4,637
Rexam	512,135		2,275
Rio Tinto	236,916		14,034
Rolls-Royce Group	812,192		7,337
Royal & Sun Alliance Insurance Group	346,695		671
SABMiller	196,826		5,768
Sage Group	744,763		2,701
Schroders	8,434		180
Serco Group	38,284		349
Severn Trent	51,032		925
Shire	211,306		4,660
Smith & Nephew	417,318		4,156
Smiths Group	38,654		666
Standard Chartered	256,386		6,991
Tesco	810,265		5,352
Thomas Cook Group	130,732		535
Tomkins	171,508		614
Tullett Prebon	67,155		356
Tullow Oil	213,648		4,051
Unilever	33,695		989
Vedanta Resources	21,695		914
Vodafone Group	10,274,917		23,691
Whitbread	30,404		680
WM Morrison Supermarkets	370,333		1,649
WPP	804,473		8,335
			341,648
United States — 0.5%
A Schulman	903		22
Advance America Cash Advance Centers	8,600		50
Air Transport Services Group*	17,100		58
Capital One Financial	47,586		1,971
Central European Distribution*	53,200		1,862
Clearwater Paper*	5,500		271
ConocoPhillips	59,441		3,042
Electro Rent	3,700		49
Glatfelter	19,200		278
Hawkins	100		2
KMG Chemicals	3,300		58
M&F Worldwide*	2,300		70
MCG Capital*	18,200		95
NGP Capital Resources	9,600		82
PS Business Parks (A)	10,446		558
Seagate Technology	32,239		589
Synthes	7,498		937
			9,994
Total Common Stock (Cost $1,682,757) ($ Thousands)			1,860,240
MORTGAGE-BACKED SECURITIES — 2.1%
Agency Mortgage-Backed Obligation — 0.6%
FHLMC ARM
5.646%, 03/01/36 (D)	935		978
5.220%, 10/01/35 (D)	780		817

Description	Face Amount (1) ($ Thousands)		Market Value ($ Thousands)
4.791%, 06/01/35 (D)	$	811	$	840
FHLMC CMO, Ser 3335, Cl BF
0.380%, 07/15/19 (D)		366		364
FHLMC CMO, Ser 3346, Cl FA
0.460%, 02/15/19 (D)		1,067		1,071
FNMA
6.000%, 07/01/37		693		738
FNMA ARM (D)
5.119%, 10/01/35		1,231		1,293
4.450%, 05/01/35		826		856
4.050%, 05/01/34		1,559		1,609
3.511%, 10/01/33		187		194
3.212%, 08/01/34		888		918
2.873%, 10/01/24		1,039		1,077
2.797%, 04/01/34		409		422
2.768%, 05/01/35		513		529
2.170%, 07/01/34		1,335		1,373
				13,079
Non-Agency Mortgage-Backed Obligation — 1.5%
American Home Mortgage Investment Trust, Ser 2004-3, Cl 3A
2.486%, 10/25/34 (D)		922		668
Banc of America Commercial Mortgage, Ser 2005-4, Cl A2
4.764%, 07/10/45		599		610
Banc of America Commercial Mortgage, Ser 2006-4, Cl A2
5.522%, 07/10/46		1,000		1,027
Banc of America Commercial Mortgage, Ser 2006-5, Cl A1
5.185%, 09/10/47		379		384
Banc of America Funding, Ser 2004-5, Cl 1A19
5.250%, 12/20/34		853		851
Banc of America Funding, Ser 2005-2, Cl 1A2
5.500%, 04/25/35		618		611
Banc of America Funding, Ser 2006-G, Cl 2A2
0.320%, 07/20/36 (D)		1,141		1,117
Banc of America Mortgage Securities, Ser 2003-9, Cl 1A12
0.696%, 12/25/33 (D)		341		330
BCAP Trust, Ser 2006-RR1, Cl PA
5.000%, 11/25/36		752		759
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-7, Cl 1A1
3.913%, 10/25/34 (D)		406		271
Bear Stearns Commercial Mortgage Securities, Cl A4
4.320%, 02/13/46		650		663
Bear Stearns Commercial Mortgage Securities, Ser 2005- PWR9, Cl A2
4.735%, 09/11/42		1,360		1,368
Countrywide Home Loan Mortgage Pass Through Trust, Cl A18
8.000%, 03/25/33		374		389

10 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Face Amount (1) ($ Thousands)		Market Value ($ Thousands)
Countrywide Home Loan Mortgage Pass Through Trust, Cl A16
5.500%, 06/25/33	$	484	$	492
Countrywide Home Loan Mortgage Pass Through Trust, Ser 2003-24, Cl A2
4.500%, 07/25/33		500		504
Countrywide Home Loan Mortgage Pass Through Trust, Ser 2004-5, Cl 2A14
5.000%, 05/25/34		147		143
Countrywide Home Loan Mortgage Pass-Through Trust, Ser 2003-13, Cl 2A17
5.750%, 08/25/34		284		284
Countrywide Home Loan Mortgage Pass-Through Trust, Ser 2003-34, Cl A3
5.000%, 09/25/33		313		314
Credit Suisse First Boston Mortgage Securities, Ser 2001- CF2, Cl A4
6.505%, 02/15/34		641		658
Credit Suisse First Boston Mortgage Securities, Ser 2003- C3, Cl A3
3.382%, 05/15/38		15		15
Credit Suisse First Boston Mortgage Securities, Ser 2005- C1, Cl A2
4.609%, 02/15/38		270		270
Credit Suisse First Boston Mortgage Securities, Ser 2005- C3, Cl A2
4.512%, 07/15/37		958		958
Credit Suisse First Boston Mortgage Securities, Ser 2005- C4, Cl A2
5.017%, 08/15/38		685		685
DLJ Commercial Mortgage, Ser 2000-CF1, Cl A1B
7.620%, 06/10/33		83		83
DLJ Commercial Mortgage, Ser 2000-CKP1, Cl A1B
7.180%, 11/10/33		576		581
FDIC Structured Sale Guaranteed Notes, Ser 2010-S1, Cl 1A
0.798%, 02/25/48 (B)(D)		415		416
First Horizon Alternative Mortgage Trust, Ser 2005-AA3, Cl 3A1
5.276%, 05/25/35 (D)		685		551
First Horizon Mortgage Pass-Through Trust, Ser 2003-9, Cl 1A3
5.500%, 11/25/33		906		902
GMAC Commercial Mortgage Securities, Ser 2004-C2, Cl A2
4.760%, 08/10/38		520		529
GMAC Mortgage Loan Trust, Ser 2004-J1, Cl A2
5.250%, 04/25/34		660		657

Description	Face Amount (1) ($ Thousands)		Market Value ($ Thousands)
GMAC Mortgage Loan Trust, Ser 2004-J4, Cl A1
5.500%, 09/25/34	$	445	$	443
Greenwich Capital Commercial Funding, Cl A2
4.022%, 01/05/36		62		63
JP Morgan Commercial Mortgage Finance, Ser 2000-C10, Cl A2
7.371%, 05/15/32 (D)		40		41
JP Morgan Mortgage Trust, Ser 2004-A5, Cl 4A2
4.830%, 12/25/34 (D)		549		555
LB-UBS Commercial Mortgage Trust, Cl A3
4.545%, 02/15/30		773		790
LB-UBS Commercial Mortgage Trust, Ser 2000-C4, Cl A2
7.370%, 08/15/26		124		125
LB-UBS Commercial Mortgage Trust, Ser 2000-C5, Cl A2
6.510%, 12/15/26		1,168		1,189
LB-UBS Commercial Mortgage Trust, Ser 2001-WM, Cl A2
6.530%, 07/14/16 (B)		620		654
LB-UBS Commercial Mortgage Trust, Ser 2003-C7, Cl A2
4.064%, 09/15/27 (D)		444		445
LB-UBS Commercial Mortgage Trust, Ser 2004-C4, Cl A2
4.567%, 06/15/29 (D)		364		370
Master Alternative Loans Trust, Ser 2003-6, Cl 3A2
5.750%, 09/25/33		456		458
Merrill Lynch Mortgage Investors, Ser 2005-A4, Cl 1A
3.652%, 07/25/35 (D)		283		188
PNC Mortgage Acceptance, Ser 2000-C2, Cl A2
7.300%, 10/12/33		403		407
RBSSP Resecuritization Trust, Ser 2009-9, Cl 10A1
0.329%, 10/26/36 (B)(D)		727		710
Residential Asset Securitization Trust, Ser 2003-A, Cl A2
0.746%, 03/25/33 (D)		282		258
Residential Funding Mortgage Securities I, Cl A2
0.646%, 02/25/34 (D)		300		295
Residential Funding Mortgage Securities I, Ser 2004-S2, Cl A4
5.500%, 03/25/34		1,114		1,120
Thornburg Mortgage Securities Trust, Ser 2006-5, Cl A1
0.366%, 09/25/46 (D)		2,032		1,983
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C17, Cl A2
4.782%, 03/15/42		657		657
WaMu Mortgage Pass Through Certificates, Ser 2005-AR10, Cl 1A1
4.791%, 09/25/35 (D)		982		968

11 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Face Amount (1) ($ Thousands) / Shares		Market Value ($ Thousands)
WaMu Mortgage Pass-Through Certificates, Ser 2003-S4, Cl 2A5
4.500%, 06/25/33	$	216	$	216
WaMu Mortgage Pass-Through Certificates, Ser 2004-AR9, Cl A6
2.950%, 08/25/34 (D)		84		84
WaMu Mortgage Pass-Through Certificates, Ser 2004-S2, Cl 2A1
5.500%, 06/25/34		570		570
Wells Fargo Mortgage Backed Securities Trust, Ser 2004-6, Cl A13
0.696%, 06/25/34 (D)		392		378
Wells Fargo Mortgage Backed Securities Trust, Ser 2004-I, Cl B1
3.364%, 07/25/34 (D)(E)		121		43
Wells Fargo Mortgage Backed Securities Trust, Ser 2004-N, Cl A5
3.213%, 08/25/34 (D)		30		30
Wells Fargo Mortgage Backed Securities Trust, Ser 2005- AR12, Cl 2A4
2.993%, 07/25/35 (D)		261		259
				30,389
Total Mortgage-Backed Securities (Cost $44,147) ($ Thousands)				43,468
PREFERRED STOCK — 1.0%
Brazil — 0.6%
Banco Bradesco		229,630		4,190
Petroleo Brasileiro		210,900		4,164
Petroleo Brasileiro Sponsored ADR, Cl A		92,800		3,674
				12,028
Germany — 0.4%
Draegerwerk		2,624		182
Fresenius		2,556		193
Henkel		120,344		6,491
Jungheinrich		2,620		61
Porsche		7,645		466
ProSiebenSat.1 Media		56,348		957
RWE		6,726		554
Volkswagen		10,417		957
				9,861
Total Preferred Stock (Cost $20,687) ($ Thousands)				21,889
ASSET-BACKED SECURITIES — 1.0%
Automotive — 0.3%
Americredit Prime Automobile Receivable, Ser 2009-1, Cl A2
1.400%, 11/15/12		225		225
Bank of America Auto Trust, Ser 2009-1A, Cl A3
2.670%, 07/15/13 (B)		500		511

Description	Face Amount (1) ($ Thousands)		Market Value ($ Thousands)
Bank of America Auto Trust, Ser 2009-2A, Cl A3
2.130%, 09/15/13 (B)	$	1,150	$	1,167
Bank of America Auto Trust, Ser 2010-1A, Cl A2
0.750%, 06/15/12 (B)		1,120		1,121
BMW Floorplan Master Owner Trust, Ser 2009-1A, Cl A
1.380%, 09/15/14 (B)(D)		285		285
CitiFinancial Auto Issuance Trust, Ser 2008-1, Cl A2
1.830%, 11/15/12 (B)		670		674
Mercedes-Benz Auto Receivables Trust, Ser 2009-1, Cl A3
1.670%, 01/15/14		240		242
Nissan Master Owner Trust Receivables, Ser 2010-AA, Cl A
1.380%, 01/15/15 (B)(D)		970		973
USAA Auto Owner Trust, Ser 2009-1, Cl A2
2.640%, 08/15/11		584		586
				5,784
Credit Card — 0.5%
American Express Credit Account Master Trust, Ser 2007-7, Cl A
0.270%, 02/17/15 (D)		1,170		1,164
American Express Credit Account Master Trust, Ser 2009-1, Cl A
1.580%, 05/15/12 (D)		3,295		3,369
Bank of America Credit Card Trust, Ser 2006-A6, Cl A6
0.260%, 11/15/13 (D)		620		617
Capital One Multi-Asset Execution Trust, Ser 2008-A5, Cl A5
4.850%, 02/18/14		1,075		1,118
Chase Issuance Trust, Ser 2007- A10, Cl A10
0.270%, 06/16/14 (D)		875		870
Citibank Credit Card Issuance Trust, Ser 2004-A7, Cl A7
0.342%, 11/25/13 (D)		1,430		1,424
Citibank Credit Card Issuance Trust, Ser 2007-A7, Cl A7
0.590%, 08/20/14 (D)		860		860
Citibank Credit Card Issuance Trust, Ser 2009-A1, Cl A1
1.980%, 03/17/14 (D)		645		662
				10,084
Mortgage Related — 0.2%
Ameriquest Mortgage Securities, Ser 2005-R9, Cl AF3
5.098%, 11/25/35		375		368
Bayview Financial Acquisition Trust, Ser 2007-A, Cl 1A1
6.129%, 05/28/37		184		183
CNH Equipment Trust, Ser 2009- A, Cl A2
4.060%, 10/17/11		254		255

12 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Face Amount (1) ($ Thousands)		Market Value ($ Thousands)
Credit Suisse First Boston Mortgage Securities, Ser 2005- FIX1, Cl A2
4.310%, 05/25/35 (D)	$	169	$	165
GSAMP Trust, Ser 2005-HE3, Cl M1
0.716%, 06/25/35 (D)		315		313
Master Asset Backed Securities Trust, Ser 2003-WMC2, Cl M1
1.296%, 08/25/33 (D)		271		248
Merrill Lynch First Franklin Mortgage Loan Trust, Ser 2007-3, Cl A2A
0.296%, 06/25/37 (D)		952		943
Merrill Lynch First Franklin Mortgage Loan Trust, Ser 2007-5, Cl 2A1
0.946%, 10/25/37 (D)		511		492
Morgan Stanley Capital I, Ser 2003-NC8, Cl M1
1.296%, 09/25/33 (D)		1,535		1,153
RAAC Series, Ser 2005-RP2, Cl A
0.596%, 06/25/33 (B)(D)		242		230
				4,350
Total Asset-Backed Securities (Cost $20,456) ($ Thousands)				20,218
CORPORATE OBLIGATIONS — 0.3%
Canada — 0.0%
Anadarko Finance
6.750%, 05/01/11		120		126
Rogers Communications
9.625%, 05/01/11		245		266
				392
Italy — 0.1%
Telecom Italia Capital
6.200%, 07/18/11		635		667
Spain — 0.0%
Telefonica Emisiones SAU
5.984%, 06/20/11		405		426
United States — 0.2%
CSX
6.750%, 03/15/11		145		153
Daimler Finance North America
5.875%, 03/15/11		120		125
5.750%, 09/08/11		805		848
Kerr-McGee
6.875%, 09/15/11		185		199
Kraft Foods
5.625%, 11/01/11		905		961
Sara Lee
6.250%, 09/15/11		595		632
Shinsei Finance Cayman
6.418%, 01/29/49 (B)(D)(E)		1,740		1,207

Description	Face Amount (1) ($ Thousands)/ Shares		Market Value ($ Thousands)
Tyco International Finance
6.375%, 10/15/11	$	505	$	544
				4,669
Total Corporate Obligations (Cost $6,691) ($ Thousands)				6,154
WARRANTS — 0.0%
Italy — 0.0%
Mediobanca, Expires 2011		47,898		6
Singapore — 0.0%
Golden Agri-Resources, Expires 05/29/12 *		118,018		34
Total Warrants (Cost $0) ($ Thousands)				40
RIGHTS — 0.0%
Germany — 0.0%
Volkswagen, Expires 04/15/10		11		7
Japan — 0.0%
Takara Leben, Expires 06/02/10		7		9
Spain — 0.0%
Banco Pastor*		6,689		1
Total Rights (Cost $0) ($ Thousands)				17
U.S. TREASURY OBLIGATIONS — 0.3%
U.S. Treasury Bills
0.150%, 06/17/10 (F)(G)		690		690
0.130%, 06/03/10 (F)(G)		5,863		5,861
0.000%, 04/15/10 (F)		85		85
Total U.S. Treasury Obligations (Cost $6,637) ($ Thousands)				6,636
AFFILIATED PARTNERSHIP — 1.5%
United States — 1.5%
SEI Liquidity Fund, L.P., 0.220%†**(H)		32,842,069		31,195
Total Affiliated Partnership (Cost $32,842) ($ Thousands)				31,195

13 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
CASH EQUIVALENT — 3.1%
United States — 3.1%
SEI Daily Income Trust, Prime Obligation Fund, Cl A, 0.070%†**	63,814,949	$	63,815
Total Cash Equivalent (Cost $63,815) ($ Thousands)			63,815
Total Investments — 98.2% (Cost $1,878,032) ($ Thousands)§		$	2,053,672

A summary of the outstanding forward foreign currency contracts held by the Fund at March 31, 2010, is as follows:

Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
5/13/10	EUR	2,104	USD	2,851	$	5
5/13/10	USD	5,810	EUR	4,214		(109	)
					$	(104	)

A summary of the open futures contracts held by the Fund at March 31, 2010, is as follows:

Type of Contract	Number of Contracts Long (Short)	Expiration Date	Unrealized Appreciation (Depreciation) ($  Thousands)
DJ Euro Stoxx 50 Index	752	Jun-2010	$	319
FTSE Index	219	Jun-2010		178
Hang Seng Index	12	Apr-2010		10
MSCI EAFE Index E-MINI	13	Jun-2010		11
Nikkei 225 Index	25	Jun-2010		77
SPI 200 Index	64	Jun-2010		65
Topix Index	156	Jun-2010		1,007
			$	1,667

For the period ended December 31, 2010, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

14 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Equity Fund

March 31, 2010

A summary of outstanding swap agreements held by the Fund at March 31, 2010, is as follows:

Total Return Swaps
Counterparty	Reference Entity/Obligation	Fund Pays	Fund Receives	Termination Date	Notional Amount (Thousands)	Net Unrealized Appreciation ($Thousands)
Morgan Stanley	MSCI Daily TR Net EAFE USD Market Index	3-Month LIBOR Minus 24 Bps	Price Return	01/13/11	102,220	$	5,410

Percentages are based on a Net Assets of $2,092,200 ($ Thousands).

* Non-income producing security

** Rate shown is the 7-day effective yield as of March 31, 2010.

† Affiliated security

(A) Real Estate Investments Trust

(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) This security or a partial position of this security is on loan at March 31, 2010. The total market value of securities on loan at March 31, 2010 was $30,851 ($ Thousands) (See Note 9).

(D) Variable Rate Security—The rate reported on the Schedule of Investments is the rate in effect as of March 31, 2010.

(E) Securities considered illiquid. The total market value of such securities as of March 31, 2010 was $1,249 ($ Thousands) and represented 0.1% of Net Assets.

(F) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase.

(G) The rate reported is the effective yield at time of purchase.

(H) This security was purchased with cash collateral held from securities on loan (see Note 9). The total value of such securities as of March 31, 2010 was $31,195 ($ Thousands).

ADR — American Depositary Receipt

ARM — Adjustable Rate Mortgage

Cl — Class

CMO — Collateralized Mortgage Obligation

EUR — Euro

FDIC — Federal Deposit Insurance Corporation

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GDR — Global Depositary Receipt

GMAC — General Motors Acceptance Corporation

LIBOR — London Interbank Offered Rate

L.P. — Limited Partnership

MTN — Medium Term Note

NOK — Norwegian Krone Ser — Series

USD — U.S. Dollar

Amounts designated as “—” are $O or have been rounded to $O.

The accompanying notes are an integral part of the financial statements.

15 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010

Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
COMMON STOCK — 90.7%
Argentina — 0.5%
Tenaris ADR	64,604	$	2,774
Ternium ADR	41,000		1,682
			4,456
Australia — 0.0%
Centamin Egypt*	171,100		352
Brazil — 8.3%
Agre Empreendimentos Imobiliarios*	47,748		179
Amil Participacoes	109,500		847
Anhanguera Educacional Participacoes*	11,000		158
Banco Bradesco ADR	37,482		691
Banco do Brasil	155,054		2,584
Banco Santander Brasil ADR	149,740		1,861
Banestes Banco do Estado do Espirito Santo	24,800		92
BM&F Bovespa	240,991		1,612
BR Malls Participacoes*	49,641		584
BR Properties*	164,700		1,187
Brasil Telecom*	15,380		136
Centrais Eletricas Brasileiras	27,480		405
Cia de Saneamento Basico do Estado de Sao Paulo ADR	1,170		43
Cia de Saneamento Basico do Estado de Sao Paulo	101,469		1,834
Cia de Saneamento de Minas Gerais	105,000		1,494
Cia Energetica de Minas Gerais ADR	62,163		1,034
Cielo	207,958		1,968
Cosan, Cl A*	24,200		228
EDP — Energias do Brasil	94,902		1,815
Empresa Brasileira de Aeronautica	202,200		1,195
Empresa Brasileira de Aeronautica ADR	39,080		936
Equatorial Energia	19,393		170
Eternit	45,755		208
Ez Tec Empreendimentos e Participacoes	44,600		204
Fertilizantes Heringer*	14,500		82
Fibria Celulose*	28,525		616
Fibria Celulose ADR*	12,122		265
Fleury*	65,100		700
Gafisa ADR	29,000		398
Gerdau ADR	16,014		261
Gerdau	70,100		858
Grendene	255,533		1,303
Hypermarcas*	126,550		1,539
Iguatemi Empresa de Shopping Centers	58,600		984
Itau Unibanco Holding ADR	203,889		4,484
Light	51,145		693
Localiza Rent a Car	110,012		1,153
Lojas Renner	100,649		2,305

Description	Shares	Market Value ($ Thousands)
M Dias Branco	2,928	$	71
Marfrig Alimentos	23,450		265
Multiplan Empreendimentos Imobiliarios	8,500		142
OGX Petroleo e Gas Participacoes	256,800		2,394
PDG Realty Empreendimentos e Participacoes	94,484		788
Petroleo Brasileiro	346,429		7,685
Petroleo Brasileiro ADR	43,754		1,947
Porto Seguro	123,700		1,234
Redecard	93,900		1,731
Rodobens Negocios Imobiliarios	75,350		536
Sistema Educacional Brasileiro	80,900		1,088
SLC Agricola	81,637		669
Souza Cruz	23,118		805
Sul America	12,821		347
Telegraph Norte Leste Participacoes	46,900		990
Telegraph Norte Leste Participacoes ADR	111,400		1,967
Tractebel Energia	54,870		610
Usinas Siderurgicas de Minas Gerais	107,935		3,787
Vale	163,100		5,193
Vale ADR, Cl B	253,460		8,159
Vivo Participacoes ADR	2,959		80
Wilson Sons, Cl BDR	72,005		938
			78,532
Canada — 0.1%
First Quantum Minerals	10,149		836
Chile — 1.1%
Banco Santander Chile ADR	18,974		1,294
Centros Comerciales Sudamericanos	165,144		648
Cia Cervecerias Unidas ADR	23,094		866
Cia Cervecerias Unidas	205,832		1,538
Embotelladora Andina ADR, Cl B	32,078		655
Empresa Nacional de Telecomunicaciones	66,648		907
Enersis ADR	185,817		3,714
La Polar	54,200		299
Sociedad Quimica y Minera de Chile ADR	6,500		243
			10,164
China — 10.8%
Air China, Cl H	808,000		835
AirMedia Group ADR*	100,892		631
Ajisen China Holdings	1,139,897		1,126
Anhui Conch Cement, Cl H	200,882		1,327
Asia Cement China Holdings	1,535,000		848
Baidu ADR*	1,100		657
Bank of China	12,813,000		6,832
Bank of Communications, Cl H (A)	1,189,000		1,416
Baoye Group, Cl H	154,000		112
Beauty China Holdings (B)	70,000		7
Bosideng International Holdings	3,414,000		765
China BlueChemical	516,000		336
China Citic Bank	1,213,000		909

1 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
China Coal Energy	1,260,000	$	1,967
China Communications Construction, Cl H	963,000		909
China Communications Services, Cl H	710,000		357
China Construction Bank, Cl H	14,734,250		12,069
China Dongxiang Group	2,186,500		1,577
China Life Insurance, Cl H	868,793		4,162
China Merchants Property Development, Cl B	33,200		74
China Molybdenum, Cl H	835,991		700
China Petroleum & Chemical, Cl H	1,656,000		1,356
China Railway Construction, Cl H	2,268,000		2,795
China Shenhua Energy	46,500		201
China Shineway Pharmaceutical Group	79,039		218
China Shipping Development, Cl H	948,000		1,548
China Telecom, Cl H	2,854,000		1,408
China Vanke, Cl B	326,500		375
Chongqing Changan Automobile, Cl B	557,000		492
Country Garden Holdings	1,300,000		467
Ctrip.com International ADR*	81,300		3,187
Dongfeng Motor Group, Cl H	1,485,280		2,414
Fosun International	909,000		727
Fuqi International* (A)	46,740		509
Golden Eagle Retail Group	372,103		744
Great Wall Motor, Cl H (A)	524,000		1,089
Great Wall Technology, Cl H	284,000		123
Guangzhou R&F Properties	1,018,000		1,668
Harbin Electric*	18,246		394
Harbin Power Equipment, Cl H	788,000		651
Huaneng Power International ADR	10,690		248
Huaneng Power International, Cl H (A)	2,230,800		1,296
Industrial & Commercial Bank of China	12,559,959		9,576
Jiangling Motors, Cl B	286,300		499
Jiangxi Copper, Cl H	110,000		248
Lianhua Supermarket Holdings, Cl H	41,000		148
Longfor Properties*	321,000		361
Lumena Resources* (A)	2,578,000		794
Mindray Medical International ADR	36,927		1,345
New Oriental Education & Technology Group ADR*	10,167		869
PetroChina ADR	11,290		1,323
PetroChina, Cl H	3,480,208		4,070
Ping An Insurance Group of China, Cl H	193,000		1,663
Qingling Motors, Cl H	206,000		56
Renhe Commercial Holdings	8,820,000		2,045
Shandong Chenming Paper Holdings, Cl B	697,900		523
Shandong Molong Petroleum Machinery, Cl H	77,870		97
Shenzhou International Group Holdings	296,000		427

Description	Shares	Market Value ($ Thousands)
Sino-Ocean Land Holdings	845,000	$	744
Sinotrans, Cl H	4,133,000		1,144
Sinotrans Shipping	1,174,500		561
Soho China	3,066,500		1,738
Sohu.com*	4,740		259
SPG Land Holdings	73,000		47
Tencent Holdings	203,300		4,079
Tingyi Cayman Islands Holding	576,000		1,362
Travelsky Technology, Cl H	131,000		109
Trina Solar ADR*	65,400		1,596
Weichai Power, Cl H	76,000		636
Weiqiao Textile, Cl H	1,721,400		1,366
Yangzijiang Shipbuilding Holdings	1,377,903		1,143
Yanzhou Coal Mining, Cl H	544,000		1,309
Zhejiang Expressway, Cl H	581,922		525
Zhongsheng Group Holdings*	289,500		429
Zhuzhou CSR Times Electric, Cl H	685,000		1,299
Zijin Mining Group, Cl H	360,350		284
			102,200
Colombia — 0.1%
BanColombia ADR	13,800		630
Czech Republic — 0.3%
CEZ	32,890		1,555
Komercni Banka	3,665		745
Philip Morris CR	381		201
			2,501
Egypt — 0.6%
Commercial International Bank	132,795		1,569
Egyptian Financial Group-Hermes Holding	283,856		1,637
National Societe Generale Bank	12,100		72
Orascom Construction Industries	9,541		457
Orascom Construction Industries GDR	13,669		651
Orascom Telecom Holding SAE	238,000		243
Talaat Moustafa Group*	289,000		403
Telecom Egypt	205,500		635
			5,667
Hong Kong — 6.0%
Beijing Enterprises Holdings	202,500		1,407
Belle International Holdings	2,026,000		2,724
Chaoda Modern Agriculture	2,574,680		2,742
Cheung Kong Holdings	24,000		309
China Mengniu Dairy	604,000		1,882
China Mobile	1,314,457		12,646
China Mobile ADR	39,500		1,901
China Overseas Land & Investment	442,000		998
China Pharmaceutical Group	1,210,000		748
China Power International Development (A)	4,175,200		995
China Properties Group	399,000		120
China Resources Power Holdings	417,800		894
China Unicom	607,624		684
CNOOC ADR	810		134
CNOOC	5,324,448		8,764
Cosco International Holdings	180,000		112

2 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
COSCO Pacific	1,109,015	$	1,680
Dah Chong Hong Holdings	93,000		63
Denway Motors	2,754,000		1,465
Digital China Holdings	221,000		375
Geely Automobile Holdings (A)	1,643,118		870
Global Bio-Chemical Technology Group	3,341,500		839
GOME Electrical Appliances Holdings (B)	4,927,740		1,656
Great Eagle Holdings	161,668		454
Guangdong Investment	872,000		472
GZI Real Estate Investment Trust (C)	641,065		272
Hengan International Group	90,500		675
Hopewell Holdings	91,557		271
Hopson Development Holdings	216,000		349
Huabao International Holdings	1,839,500		2,210
Industrial and Commercial Bank of China Asia	250,000		626
Kingboard Laminates Holdings	539,000		470
Kowloon Development	81,000		103
Kunlun Energy	978,159		1,373
NWS Holdings (A)	719,558		1,436
Samson Holding	5,317,000		883
Shanghai Industrial Holdings	169,000		775
Sino Biopharmaceutical	1,408,000		553
Sinolink Worldwide Holdings	1,648,532		280
Skyworth Digital Holdings	661,264		771
Texwinca Holdings	122,000		135
TPV Technology	985,890		664
			56,780
Hungary — 0.3%
Egis Gyogyszergyar	3,528		380
Magyar Telekom	114,527		468
MOL Hungarian Oil and Gas (A)	19,786		2,025
Richter Gedeon	230		50
			2,923
India — 7.9%
Allahabad Bank	220,261		701
Andhra Bank	340,600		821
Bank	10,693		114
Bank of Baroda	122,054		1,737
Bank of India	528,726		4,007
Bank of Maharashtra	111,285		123
Bharat Heavy Electricals	25,480		1,357
Bharat Petroleum	106,992		1,235
Bharti Airtel	356,420		2,481
Cairn India*	468,738		3,191
Canara Bank	86,748		793
Dabur India	67,900		240
Dena Bank	42,104		73
Exide Industries	19,560		54
Federal Bank	45,650		271
GAIL India	308,038		2,817
Glenmark Pharmaceuticals	231,900		1,387
Grasim Industries	20,829		1,306
Gujarat Alkalies & Chemicals	19,110		54
Gujarat Narmada Valley Fertilizers	36,910		92
Gujarat State Fertilisers & Chemicals	21,870		108

Description	Shares	Market Value ($ Thousands)
HCL Technologies	56,317	$	450
Hero Honda Motors	69,960		3,030
Hindalco Industries	230,070		929
Hindustan Petroleum	151,960		1,078
Hindustan Zinc	53,580		1,437
Housing Development Finance	30,723		1,859
India Cements	1,183,511		3,473
Indian Bank	474,721		1,855
Indian Overseas Bank	157,064		322
Industrial Development Bank of India	252,811		648
Infosys Technologies	40,141		2,339
Jet Airways India	34,130		365
Jindal Steel & Power	40,900		641
Mahanagar Telephone Nigam	507,220		827
Mahindra & Mahindra	60,000		724
Mangalore Refinery & Petrochemicals	439,380		746
Nagarjuna Construction	292,651		1,060
Oil & Natural Gas	105,951		2,593
Oriental Bank of Commerce	165,474		1,183
Patni Computer Systems	152,318		1,814
Power Finance	251,860		1,449
Punjab National Bank	40,792		920
Reliance Industries	110,090		2,634
Rolta India	193,750		772
Sesa GOA* (D)	160,084		1,678
Shipping Corporation of India	18,531		64
Shriram Transport Finance	33,180		389
State Bank of India	20,700		958
State Bank of India GDR	25,100		2,324
Steel Authority of India	623,550		3,508
Sterlite Industries India	71,574		1,355
Syndicate Bank	161,043		309
Tata Chemicals	78,203		572
Tata Consultancy Services	110,954		1,929
Tata Power	9,356		286
Tata Steel	73,340		1,033
Triveni Engineering & Industries	71,750		218
UCO Bank	151,210		190
Union Bank of India	96,887		631
Welspun-Gujarat Stahl	200,243		1,219
Zee Entertainment Enterprises	263,505		1,574
			74,347
Indonesia — 2.3%
Adaro Energy	2,517,000		542
Astra International	642,070		2,957
Bank Central Asia	2,851,500		1,724
Bank Mandiri	6,989,592		4,109
Bank Rakyat Indonesia	2,035,500		1,845
Indocement Tunggal Prakarsa	998,805		1,564
Indosat	1,121,500		678
International Nickel Indonesia	1,765,000		916
Kalbe Farma	2,865,500		589
Medco Energi Internasional	1,609,000		460
Perusahaan Gas Negara	3,562,000		1,664
Semen Gresik Persero	1,242,000		996
Tambang Batubara Bukit Asam	209,000		400
Telekomunikasi Indonesia	3,193,600		2,825
United Tractors	408,000		823
			22,092

3 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Israel — 1.4%
Bank Hapoalim*	45,550	$	202
Bezeq Israeli Telecommunication	731,790		2,078
Delek Automotive Systems	2,517		31
Delek Group	1,038		238
Discount Investment	12,800		357
First International Bank of Israel*	15,828		297
Formula Systems 1985	4,000		63
Koor Industries	4,800		133
Makhteshim-Agan Industries	251,205		1,136
Mizrahi Tefahot Bank*	30,000		284
Partner Communications	12,779		287
Teva Pharmaceutical Industries	69,817		4,469
Teva Pharmaceutical Industries ADR	61,556		3,883
Union Bank of Israel*	19,538		102
			13,560
Kazakhstan — 0.3%
Halyk Savings Bank of Kazakhstan JSC GDR*	55,127		601
KazMunaiGas Exploration Production GDR	86,903		2,144
			2,745
Malaysia — 1.8%
Axiata Group*	280,200		331
BIMB Holdings	36,000		14
CIMB Group Holdings	583,200		2,514
Gamuda	1,246,200		1,108
Genting Malaysia	2,275,940		2,002
Hong Leong Bank	334,611		886
Hong Leong Financial Group	64,700		168
KLCC Property Holdings	97,600		100
Lafarge Malayan Cement	57,100		111
Malayan Banking	1,586,867		3,634
Malaysian Bulk Carriers	282,777		276
Proton Holdings*	137,000		198
Public Bank	670,285		2,394
Tenaga Nasional	1,039,635		2,556
Titan Chemicals	379,000		143
Top Glove	89,110		380
			16,815
Mexico — 5.0%
Alfa, Cl A	258,468		2,042
America Movil, Ser L	2,346,969		5,932
America Movil ADR, Ser L	147,757		7,438
Bolsa Mexicana de Valores*	573,228		912
Cemex ADR*	175,700		1,794
Coca-Cola Femsa	107,800		722
Consorcio ARA	869,100		587
Desarrolladora Homex ADR*	55,213		1,561
Embotelladoras Arca	578,250		1,999
Fomento Economico Mexicano ADR	45,255		2,151
Fomento Economico Mexicano	257,281		1,228
GEO*	167,200		509
Grupo Aeroportuario del Centro Norte Sab, Cl B	30,012		57
Grupo Bimbo, Ser A	97,763		876

Description	Shares	Market Value ($ Thousands)
Grupo Carso, Ser A1	398,770	$	1,496
Grupo Casa Saba ADR	4,500		73
Grupo Continental (B)	552,151		1,671
Grupo Financiero Banorte, Cl O (A)	814,214		3,623
Grupo Mexico, Ser B	1,315,320		3,547
Grupo Modelo	16,100		95
Grupo Simec, Cl B*	174,690		506
Grupo Televisa	315,243		1,336
Grupo Televisa ADR	106,153		2,231
Industrias, Cl B*	172,901		694
Telefonos de Mexico ADR, Ser L	14,105		220
Urbi Desarrollos Urbanos* (A)	1,695,747		4,030
Wal-Mart de Mexico, Ser V	1,300		7
			47,337
Netherlands — 0.1%
Plaza Centers (A)	350,142		717
Pakistan — 0.1%
Oil & Gas Development	816,400		1,262
Panama — 0.2%
Copa Holdings, Cl A	33,600		2,043
Peru — 0.0%
Cia de Minas Buenaventura ADR	14,800		458
Philippines — 0.3%
Bank of the Philippine Islands	437,171		435
Globe Telecom	1,376		31
Philippine Long Distance Telephone ADR	13,052		695
Philippine Long Distance Telephone	13,480		722
SM Investments	44,110		361
Union Bank of Philippines	294,500		267
			2,511
Poland — 1.0%
Asseco Poland	65,393		1,302
Bank Pekao	4,830		281
Bank Zachodni WBK	1,749		126
Cyfrowy Polsat	102,826		562
Gant Development*	6,000		52
Grupa Lotos*	5,526		57
KGHM Polska Miedz	48,313		1,817
Polish Oil & Gas	384,000		493
Polska Grupa Energetyczna*	55,500		449
Polski Koncern Naftowy Orlen	144,446		1,964
Powszechna Kasa Oszczednosci Bank Polski	63,580		890
Synthos*	260,000		160
Telekomunikacja Polska	162,860		925
			9,078
Russia — 6.3%
Evraz Group GDR	44,124		1,753
Globaltrans Investment GDR*	143,323		1,870

4 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Integra Group Holdings GDR*	134,503	$	405
LSR Group GDR*	37,939		353
Lukoil ADR	192,633		10,922
Magnit GDR	47,610		828
Magnitogorsk Iron & Steel Works GDR	117,319		1,422
Mechel ADR	28,031		797
MMC Norilsk Nickel ADR*	280,085		5,156
Mobile Telesystems ADR	71,738		3,981
NovaTek OAO GDR	6,150		448
Novolipetsk Steel GDR	25,876		897
OAO Gazprom ADR	677,533		15,807
Pharmstandard GDR*	33,038		823
Rosneft Oil GDR	578,580		4,588
Sberbank GDR	5,093		1,506
Severstal GDR	63,704		927
Sistema GDR	8,120		221
Surgutneftegaz ADR	126,665		1,255
Tatneft ADR	30,500		955
Uralkali GDR	67,655		1,420
VTB Bank GDR	364,348		2,018
X5 Retail Group GDR*	26,606		926
			59,278
Singapore — 0.1%
Wilmar International	127,000		609
South Africa — 7.0%
ABSA Group (A)	137,527		2,665
Adcock Ingram Holdings	13,409		105
African Bank Investments (A)	337,416		1,636
African Rainbow Minerals	11,716		306
Anglo Platinum (A)	8,300		836
AngloGold Ashanti ADR	31,619		1,200
ArcelorMittal South Africa	77,147		972
Aspen Pharmacare Holdings (A)	64,748		701
Assore	1,403		147
Aveng (A)	190,755		977
Barloworld (A)	434,466		2,916
Bidvest Group	88,149		1,635
DataTec	45,000		199
FirstRand	1,162,228		3,197
FOUNTAINHEAD PROPERTY TRUST	164,460		152
Gold Fields ADR	65,130		822
Gold Fields (A)	84,800		1,065
Grindrod (A)	534,452		1,114
Group Five	14,344		72
Harmony Gold Mining (A)	133,040		1,246
Hyprop Investments (A)	16,578		113
Iliad Africa	19,373		22
Impala Platinum Holdings	167,083		4,869
Imperial Holdings (A)	131,197		1,792
Investec	188,552		1,604
JD Group (A)	158,700		956
Kumba Iron Ore (A)	12,560		603
Metmar	42,489		24
Metropolitan Holdings	270,737		622
Mondi (A)	244,786		1,793
Mr Price Group (A)	162,312		880
MTN Group	487,740		7,438

Description	Shares	Market Value ($ Thousands)
Murray & Roberts Holdings	300,950	$	1,774
Nampak (A)	569,462		1,388
Naspers, Cl N (A)	47,629		2,053
Nedbank Group (A)	104,418		1,991
Netcare	413,421		743
Northam Platinum (A)	45,000		294
Palabora Mining	6,000		100
Redefine Properties	184,587		197
Remgro (A)	55,130		736
Sanlam (A)	621,573		2,105
Sappi	528,447		2,331
Sasol	156,787		6,463
Sasol ADR	9,070		374
Standard Bank Group	126,921		1,981
Telkom	191,700		891
Vodacom Group Pty	6,920		52
Wilson Bayly Holmes-Ovcon	10,000		161
Woolworths Holdings	59,575		183
			66,496
South Korea — 12.8%
Cheil Jedang	9,266		965
Daegu Bank	60,100		805
Daewoo Shipbuilding & Marine Engineering	81,570		1,564
Daishin Securities	24,390		339
Dongbu Insurance*	19,543		558
GS Engineering & Construction	22,224		1,915
GS Home Shopping	1,520		94
Halla Climate Control	29,320		352
Hanwha Chemical	95,000		1,159
Hynix Semiconductor*	23,500		555
Hyosung	12,223		877
Hyundai Department Store	3,745		343
Hyundai Development	68,640		2,005
Hyundai Engineering & Construction	30,697		1,685
Hyundai Heavy Industries	873		183
Hyundai Motor	30,902		3,155
Jinro	8,640		271
Kangwon Land	168,250		2,528
KB Financial Group	42,284		2,040
KB Financial Group ADR	830		40
KISWIRE	2,270		82
Korea Development Financing*	1,580		44
Korea Electric Power	87,670		2,832
Korea Exchange Bank	69,230		826
Korea Plant Service & Engineering	9,050		410
Korea Zinc	5,769		1,030
Korean Air Lines	60,832		3,575
Korean Reinsurance*	94,146		832
KT ADR	53,040		1,101
KT	35,730		1,476
KT&G	30,931		1,711
LG	39,103		2,454
LG Chemical	12,689		2,697
LG Electronics	56,891		5,782
LG Philips LCD	187,370		6,616
Lotte Chilsung Beverage	265		203
Lotte Shopping	3,265		946
LS Industrial Systems	2,364		168
MegaStudy	5,200		857

5 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Namyang Dairy Products	196	$	92
Nong Shim	5,064		1,016
OCI	6,459		1,125
POSCO ADR	4,850		567
POSCO	19,142		8,933
Pusan Bank	73,260		787
Samsung Electro-Mechanics	2,540		258
Samsung Electronics	42,370		30,632
Samsung Engineering	9,200		951
Samsung Fire & Marine Insurance*	15,818		2,537
SeAH Holdings	66		4
Shinhan Financial Group	211,230		8,298
Shinsegae	6,951		3,287
SK Holdings	6,910		614
SK Telecom ADR	95,860		1,655
SK Telecom	2,221		341
S-Oil	22,142		1,115
Tong Yang Life Insurance*	109,820		1,262
Woori Investment & Securities*	49,730		690
Youngone Holdings	3,508		95
Yuhan	10,590		1,615
			120,949
Sweden — 0.1%
Alliance Oil*	76,782		1,224
Taiwan — 10.2%
Acer	336,725		994
Advanced Semiconductor Engineering	2,808,404		2,564
Advanced Semiconductor Engineering ADR	118,757		538
Asia Cement	914,000		892
Asustek Computer	1,699,931		2,960
AU Optronics ADR	30,550		346
AU Optronics	2,523,418		2,868
Catcher Technology	552,000		1,356
Cathay Financial Holding	1,420,200		2,370
Chang Hwa Commercial Bank	1,781,000		808
Cheng Loong	259,000		103
China Metal Products	63,000		90
China Steel	877,819		908
Chinatrust Financial Holding	6,487,861		3,677
Chunghwa Telecom	1,224,241		2,394
Compal Electronics	2,418,388		3,164
CTCI	150,000		157
Delta Electronics	186,000		589
Far Eastern New Century	1,038,538		1,141
Far EasTone Telecommunications	355,000		425
First Financial Holding	3,045,192		1,673
Formosa Chemicals & Fibre	515,000		1,205
Gigabyte Technology	144,000		140
High Tech Computer	269,100		3,144
Hon Hai Precision Industry	2,546,134		11,024
Lite-On Technology	1,110,531		1,474
Macronix International	1,011,000		668
MediaTek	337,857		5,862
Mega Financial Holding	2,136,000		1,238
Nan Ya Printed Circuit Board	310,967		1,234
Novatek Microelectronics	463,860		1,446

Description	Shares	Market Value ($ Thousands)
Pou Chen	685,000	$	560
Prime View International	646,000		1,170
Quanta Computer	2,406,592		4,668
Siliconware Precision Industries ADR	235,700		1,416
Siliconware Precision Industries	609,002		734
SinoPac Financial Holdings	4,085,230		1,454
Taiwan Cooperative Bank	811		—
Taiwan Fertilizer	927,000		2,963
Taiwan Semiconductor Manufacturing ADR	183,906		1,929
Taiwan Semiconductor Manufacturing	6,747,456		13,067
Tatung*	5,921,000		1,417
Transcend Information	53,660		194
Tung Ho Steel Enterprise	301,000		342
U-Ming Marine Transport	356,000		722
United Microelectronics	10,685,312		5,669
Universal Scientific Industrial	245,000		157
Walsin Lihwa	561,000		221
Wistron	719,000		1,306
Yuanta Financial Holding	2,002,000		1,201
			96,642
Thailand — 2.5%
Advanced Info Service	466,700		1,245
Airports of Thailand	72,000		85
Bangkok Bank	822,200		3,395
Banpu	34,111		644
Bumrungrad Hospital	768,450		731
Charoen Pokphand Foods	98,000		45
CP ALL	388,400		330
Electricity Generating	43,101		107
Glow Energy	816,421		972
Kasikornbank	811,100		2,530
Krung Thai Bank	3,986,540		1,504
PTT	409,000		3,314
Ratchaburi Electricity Generating Holding	88,800		100
Siam Cement	325,154		2,584
Siam Commercial Bank	1,289,800		3,620
Thai Airways International	157,500		138
Thai Oil	149,500		231
Thai Union Frozen Products	384,700		449
Thanachart Capital	807,137		619
Total Access Communication	734,200		867
			23,510
Turkey — 2.6%
Akbank	148,000		953
Anadolu Efes Biracilik Ve Malt Sanayii	122,166		1,284
Cimsa Cimento Sanayi VE Tica	226,910		1,275
Eczacibasi Ilac Sanayi	175,000		322
Ford Otomotiv Sanayi	187,386		1,354
Haci Omer Sabanci Holding	277,979		1,187
KOC Holding*	215,290		736
Selcuk Ecza Deposu Ticaret ve Sanayi A.S.	46,901		85
Tekfen Holding*	251,307		941
Tofas Turk Otomobil Fabrikasi	28,951		108
Tupras Turkiye Petrol Rafine	144,427		3,273

6 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
Turk Hava Yollari	270,977	$	926
Turk Sise ve Cam Fabrikalari	1,632,501		2,048
Turkcell Iletisim Hizmet	430,264		2,615
Turkcell Iletisim Hizmet ADR	43,910		661
Turkiye Garanti Bankasi	422,768		1,972
Turkiye Halk Bankasi	115,929		838
Turkiye Is Bankasi*	205,660		643
Turkiye Is Bankasi, Cl C	445,941		1,447
Turkiye Sinai Kalkinma Bankasi*	972,500		1,444
Turkiye Vakiflar Bankasi Tao, Cl D	314,240		838
			24,950
United Arab Emirates — 0.1%
DP World	1,131,700		583
Dragon Oil*	30,600		225
			808
United Kingdom — 0.4%
African Barrick Gold*	69,420		615
Anglo American*	76,272		3,320
JKX Oil & Gas	58,170		249
			4,184
United States — 0.1%
Central European Distribution*	15,391		539
Total Common Stock (Cost $684,034) ($ Thousands)			857,195
PREFERRED STOCK — 7.3%
Brazil — 7.3%
Banco Bradesco	106,000		1,934
Banco Daycoval	25,700		146
Bombril*	16,200		84
Bradespar	39,279		960
Brasil Telecom*	100,582		644
Braskem*	256,170		1,866
Centrais Eletricas Brasileiras	58,000		1,040
Cia Brasileira de Distribuicao Grupo Pao de Acucar, Cl Preference	24,489		816
Cia de Bebidas das Americas ADR	14,174		1,299
Cia de Tecidos do Norte de Minas — Coteminas	155,332		503
Cia Energetica de Minas Gerais	135,901		2,240
Cia Paranaense de Energia	89,053		1,801
Confab Industrial	91,328		240
Construtora Sultepa	600		2
Eletropaulo Metropolitana Eletricidade de Sao Paulo	113,814		2,485
Investimentos Itau	822,963		5,616
Itau Unibanco Holding	228,971		4,996
Klabin	96,115		294
Marcopolo	234,200		1,050
Metalurgica Gerdau, Cl A	55,999		1,131
NET Servicos de Comunicacao*	30,900		398
Petroleo Brasileiro	478,542		9,449
Petroleo Brasileiro Sponsored ADR, Cl A	266,655		10,557
Randon Participacoes	77,800		600

Description	Shares	Market Value ($ Thousands)
Telecomunicacoes de Sao Paulo	63,866	$	1,382
Tim Participacoes	371,900		1,025
Ultrapar Participacoes	17,900		852
Universo Online	20,000		115
Usinas Siderurgicas de Minas Gerais	21,233		728
Vale, Cl A	322,431		8,916
Vale ADR ADR, Cl B	192,476		5,343
Vivo Participacoes	14,700		397
Total Preferred Stock (Cost $41,180) ($ Thousands)			68,909
EQUITY-LINKED WARRANTS — 0.2%
Russia — 0.2%
Sberbank, Expires 02/28/18*	112,700		330
Sberbank, Expires 11/05/12*	502,000		1,471
			1,801
United Arab Emirates — 0.0%
Dana Gas, Expires 12/06/10*	1,099,000		266
Total Equity-Linked Warrants (Cost $1,780) ($ Thousands)			2,067
EXCHANGE TRADED FUND — 0.0%
United States — 0.0%
iShares MSCI Emerging Markets Index Fund	4,045		171
Total Exchange Traded Fund (Cost $163) ($ Thousands)			171
DEBENTURE BOND — 0.0%
Brazil — 0.0%
Vale, Ser 1997
0.000%, 09/30/49*	8		—
Total Debenture Bond (Cost $0) ($ Thousands)			—
CASH EQUIVALENT — 1.1%
United States — 1.1%
SEI Daily Income Trust, Prime Obligation Fund, Cl A, 0.070%†**	10,485,286		10,485
Total Cash Equivalent (Cost $10,485) ($ Thousands)			10,485

7 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

March 31, 2010

Description	Shares	Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 3.5%
United States — 3.5%
SEI Liquidity Fund, L.P., 0.220%†**(F)	34,041,277	$	33,072
Total Affiliated Partnership (Cost $34,041) ($ Thousands)			33,072
Total Investments — 102.8% (Cost $771,683) ($ Thousands)§		$	971,899

Percentages are based on a Net Assets of $945,234 ($ Thousands).

* Non-income producing security

** Rate shown is the 7-day effective yield as of March 31, 2010.

† Affiliated security

(A) This security or a partial position of this security is on loan at March 31, 2010. The total market value of securities on loan at March 31, 2010 was $32,441 ($ Thousands) (See Note 9).

(B) Securities considered illiquid. The total market value of such securities as of March 31, 2010 was $3,334 ($ Thousands) and represented 0.4% of Net Assets.

(C) Real Estate Investments Trust

(D) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase.

(E) Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of March 31, 2010.

(F) This security was purchased with cash collateral held from securities on loan (see Note 9). The total value of such securities as of March 31, 2010 was $33,072 ($ Thousands).

ADR — American Depositary Receipt

BDR — Brazilian Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

L.P. — Limited Partnership

Ser — Series

USD — U.S. Dollar

Amounts designated as “—” are $O or have been rounded to $O.

The accompanying notes are an integral part of the financial statements.

8 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
GLOBAL BONDS — 81.2%
Australia — 1.7%
Commonwealth Bank of Australia
3.750%, 10/15/14 (A)		425	$	431
Fairfax Med
5.250%, 06/15/12		250		340
Government of Australia, Ser 122
5.250%, 03/15/19		300		266
Government of Australia, Ser 123
5.750%, 04/15/12		2,000		1,863
Government of Australia, Ser 25CI
3.000%, 09/20/25		640		607
Macquarie Bank MTN
5.500%, 09/19/16 (B)	GBP	336		489
National Australia Bank MTN
4.500%, 06/23/16 (B)		275		380
3.500%, 01/23/15		290		401
New South Wales Treasury
5.250%, 05/01/13		980		891
QBE Insurance Group MTN
6.125%, 09/28/15		250		406
Queensland Treasury
6.000%, 09/14/17		1,630		1,496
Rio Tinto Finance
5.875%, 07/15/13		500		550
Westpac Banking MTN
4.250%, 09/22/16		350		491
4.250%, 01/25/12		300		423
				9,034
Austria — 0.3%
Government of Austria, Ser 97-6
6.250%, 07/15/27		225		391
Republic of Austria MTN, Ser E MTN
3.800%, 10/20/13		675		977
Telekom Finanzmanagement MTN
5.000%, 07/22/13		301		434
				1,802
Belgium — 1.7%
Delhaize Group
5.875%, 02/01/14		105		115
Dexia Funding
4.892%, 11/30/49		336		286
Fortis Bank
4.625%, 10/24/49 (B)		200		233
Inbev
8.625%, 01/30/17		200		346
Kingdom of Belgium, Ser 31
5.500%, 03/28/28		2,022		3,260
Kingdom of Belgium, Ser 44
5.000%, 03/28/35		325		495
Kingdom of Belgium, Ser 48
4.000%, 03/28/22		2,100		2,937
Kingdom of Belgium, Ser 55
4.000%, 03/28/19		400		569
Kingdom of Belgium, Ser 56
3.500%, 03/28/15		750		1,068
				9,309

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Brazil — 0.3%
Centrais Eletricas Brasileiras
6.875%, 07/30/19	150	$	164
Federal Republic of Brazil
10.250%, 01/10/28	370		210
Petrobras International Finance
5.750%, 01/20/20	650		666
Vale Overseas
6.875%, 11/21/36	301		311
			1,351
Canada — 3.5%
Bank of Montreal MTN
4.250%, 01/23/13	250		356
Bell Canada MTN
5.000%, 02/15/17	270		276
Canadian Natural Resources
5.150%, 02/01/13	175		188
Canadian Pacific Railway
6.500%, 05/15/18	99		107
CDP Financial
4.400%, 11/25/19 (A)	850		833
Export Development Canada MTN
2.375%, 03/19/12	800		819
Government of Canada
5.750%, 06/01/33	1,300		1,591
5.000%, 06/01/37	2,200		2,495
5.000%, 06/01/14	2,500		2,686
4.000%, 06/01/16	2,438		2,521
3.750%, 06/01/12	3,685		3,775
3.750%, 06/01/19	630		629
Province of Ontario Canada MTN
4.750%, 06/02/13	830		869
Province of Quebec Canada
5.250%, 10/01/13	674		719
4.250%, 02/27/13	450		645
Royal Bank of Canada MTN
4.625%, 01/22/18	252		366
Teck Resources
9.750%, 05/15/14	95		113
YPG Holdings MTN
5.250%, 02/15/16	179		171
			19,159
Chile — 0.1%
Nacional del Cobre de Chile
6.150%, 10/24/36 (A)	640		656
Colombia — 0.1%
Ecopetrol
7.625%, 07/23/19 (A)	237		263
Croatia — 0.1%
Government of Croatia
6.750%, 11/05/19 (A)	420		462

1 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Czech Republic — 0.1%
Government of Czech Republic, Ser 51
4.000%, 04/11/17	5,450	$	296
Denmark — 0.6%
Danske Bank MTN
4.875%, 06/11/13	150		219
4.125%, 11/26/19	290		401
Kingdom of Denmark MTN
4.500%, 11/15/39	1,300		261
4.000%, 11/15/12	5,416		1,045
4.000%, 11/15/17	4,450		859
3.125%, 03/17/14	500		704
			3,489
Finland — 0.2%
Government of Finland
4.375%, 07/04/19	225		332
3.875%, 09/15/17	350		503
			835
France — 7.5%
AXA MTN
4.500%, 01/23/15	100		143
Banque PSA Finance MTN
6.375%, 11/16/10	525		729
BNP Paribas
5.019%, 04/29/49 (B)	150		179
4.875%, 10/29/49	375		444
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	100		142
BPCE MTN
6.117%, 10/29/49 (B)	100		110
Caisse d’Amortissement de la
Dette Sociale MTN
4.500%, 09/04/13	2,600		3,817
3.250%, 04/25/13	550		778
Caisse Refinancement de l’Habitat
4.250%, 10/25/14	332		482
Casino Guichard Perrachon MTN
4.379%, 02/08/17	200		274
Cie de Saint-Gobain MTN
6.000%, 05/20/13	50		74
CIE Financement Foncier
4.625%, 09/23/17	515		755
Compagnie de Financement Foncier
4.500%, 01/09/13	290		420
3.750%, 01/24/17	189		263
Compagnie De St Gobain MTN
0.942%, 04/11/10 (B)	350		466
Credit Agricole Covered Bonds MTN
3.500%, 07/21/14	200		282

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Credit Logement
4.604%, 03/29/49 (B) (C)		350	$	399
1.250%, 12/15/49 (B) (C)		150		168
Dexia Credit Local
2.375%, 09/23/11 (A)		500		511
EDF MTN
6.875%, 12/12/22		300		519
Eutelsat
4.125%, 03/27/17		450		599
France Telecom
5.375%, 07/08/19		375		396
5.000%, 05/12/16		250		397
French Treasury Note BTAN
2.500%, 01/12/14		2,475		3,429
Government of France
4.750%, 04/25/35		2,465		3,728
4.500%, 04/25/41		950		1,392
4.250%, 04/25/19		620		905
3.750%, 04/25/21		2,300		3,177
3.750%, 10/25/19		1,450		2,029
3.500%, 04/25/15		535		763
3.500%, 04/25/20		4,000		5,448
HSBC France MTN
4.875%, 01/15/14		250		364
Lafarge
8.750%, 05/30/17		250		444
6.150%, 07/15/11		475		496
Natixis MTN
0.920%, 01/26/17 (B)		300		376
RCI Banque
8.125%, 05/15/12		250		373
4.375%, 01/27/15		170		234
Safran
4.000%, 11/26/14		250		343
Societe Financement del’Economie Francaise
3.375%, 05/05/14 (A)		905		939
3.125%, 06/30/14		575		806
2.125%, 01/30/12 (A)		955		970
Societe Generale MTN
0.829%, 06/07/17 (B)		200		261
Societe Generale Societe de Credit Fonciere MTN
4.000%, 07/07/16		650		927
Veolia Environnement
5.250%, 06/03/13		585		628
Vivendi MTN
7.750%, 01/23/14		250		392
				40,917
Germany — 13.1%
Bayer MTN
5.625%, 05/23/18	GBP	150		238
Bayerische Landesbank MTN
4.500%, 02/07/19n(B)		350		434
2.750%, 01/23/12		750		1,041
Bundesrepublik Deutschland, Ser 00
5.500%, 01/04/31		525		879
Bundesrepublik Deutschland, Ser 02
5.000%, 01/04/12		3,850		5,580

2 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Bundesrepublik Deutschland, Ser 03
4.750%, 07/04/34	2,460	$	3,788
4.250%, 01/04/14	2,150		3,176
Bundesrepublik Deutschland, Ser 04
3.750%, 01/04/15	9,250		13,442
Bundesrepublik Deutschland, Ser 06
3.750%, 01/04/17	3,250		4,703
Bundesrepublik Deutschland, Ser 07
4.250%, 07/04/39	1,300		1,892
Bundesrepublik Deutschland, Ser 08
4.750%, 07/04/40	5,955		9,372
4.250%, 07/04/18	700		1,039
3.750%, 01/04/19	550		787
Bundesrepublik Deutschland, Ser 09
3.500%, 07/04/19	2,090		2,930
3.250%, 01/04/20	6,725		9,216
Bundesschatzanweisungen
1.000%, 03/16/12	1,000		1,354
Commerzbank
5.625%, 11/29/17 (B)	150		206
2.750%, 01/13/12	325		451
Daimler MTN
3.000%, 07/19/13	133		182
Dexia Kommunalbank Deutschland MTN
3.500%, 06/05/14	390		551
Hella KGaA Hueck
7.250%, 10/20/14	100		140
HSH Nordbank MTN
2.750%, 01/20/12	1,075		1,493
Kreditanstalt fuer Wiederaufbau MTN
5.375%, 01/29/14	950		1,582
4.375%, 10/11/13	1,050		1,540
3.875%, 01/21/19	1,075		1,522
Landesbank Berlin MTN
5.875%, 11/25/19	600		851
Landwirtschaftliche Rentenbank
3.250%, 03/12/14	550		776
Merck Financial Services GmbH MTN
3.375%, 03/24/15	350		477
Munich
7.625%, 06/21/28	285		495
SAP
3.500%, 04/10/17	300		405
Volkswagen Leasing
4.875%, 10/18/12	250		358
WestLB MTN
3.500%, 09/03/12	150		209
			71,109

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Greece — 1.5%
Hellenic Republic Government Bond
6.500%, 10/22/19		375	$	507
6.250%, 06/19/20		1,500		1,949
6.000%, 07/19/19		150		196
5.500%, 08/20/14		2,100		2,763
5.250%, 05/18/12		2,000		2,695
4.500%, 09/20/37		200		198
				8,308
Hungary — 0.0%
Government of Hungary, Ser 20/A
7.500%, 11/12/20		30,150		160
Ireland — 1.3%
Allied Irish Banks MTN
12.500%, 06/25/19		97		154
5.250%, 03/10/25(B)		220		234
Ardagh Glass Finance
7.125%, 06/15/17		125		165
Ardagh Glass Group
10.750%, 03/01/15		342		449
Bank of Ireland MTN
10.000%, 02/12/20		300		438
4.625%, 04/08/13		400		549
Government of Ireland
5.000%, 10/18/20		2,350		3,281
4.400%, 06/18/19		500		682
Smurfit Kappa Acquisitions
7.750%, 11/15/19 (A)		170		239
TransCapit (Transneft) Registered
7.700%, 08/07/13		539		597
UT2 Funding
5.321%, 06/30/16 (C)		390		405
				7,193
Italy — 3.9%
A2A
4.500%, 11/02/16		100		140
Assicurazioni Generali MTN
5.125%, 09/16/24		350		495
Enel Finance International
5.750%, 09/14/40		300		455
5.125%, 10/07/19 (A)		400		395
3.875%, 10/07/14 (A)		575		582
Intesa Sanpaolo MTN
6.375%, 11/12/17 (B)	GBP	300		479
6.375%, 04/06/10		2,150		2,910
3.750%, 11/23/16		400		550
Italy Buoni Poliennali Del Tesoro
5.750%, 02/01/33		1,570		2,438
4.250%, 09/01/19		1,400		1,975
4.250%, 04/15/13		1,925		2,782
4.250%, 02/01/19		2,075		2,948
3.500%, 06/01/14		1,100		1,554
Telecom Italia MTN
7.375%, 12/15/17		200		340
6.750%, 03/21/13		150		223

3 SEI Institutional International Trust / Semi-Annual Report / March 31, 2010    

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Telecom Italia Capital
6.175%, 06/18/14	300	$	321
Unicredit Luxembourg Finance MTN
0.591%, 04/13/10 (B)	665		647
Unicredito Italiano MTN
4.500%, 09/22/19	400		558
Unione di Banche Italiane SCPA
4.000%, 12/16/19	800		1,087
			20,879
Japan — 13.4%
Fukoku Mutual Life Insurance
4.500%, 09/28/25 (B) EUR	500		505
Government of Japan 10 Year Bond, Ser 284
1.700%, 12/20/16	328,400		3,708
Government of Japan 10 Year Bond, Ser 286
1.800%, 06/20/17	49,150		557
Government of Japan 10 Year Bond, Ser 288
1.700%, 09/20/17	1,779,950		20,022
Government of Japan 10 Year Bond, Ser 296
1.500%, 09/20/18	316,000		3,474
Government of Japan 10 Year Bond, Ser 298
1.300%, 12/20/18	460,700		4,969
Government of Japan 10 Year Bond, Ser 301
1.500%, 06/20/19	235,300		2,565
Government of Japan 2 Year Bond, Ser 287
0.300%, 12/15/11	487,600		5,230
Government of Japan 20 Year Bond, Ser 109
1.900%, 03/20/29	256,000		2,642
Government of Japan 20 Year Bond, Ser 112
2.100%, 06/20/29	375,000		3,995
Government of Japan 20 Year Bond, Ser 48
2.500%, 12/21/20	289,450		3,399
Government of Japan 20 Year Bond, Ser 99
2.100%, 12/20/27	634,300		6,826
Government of Japan 30 Year Bond, Ser 29
2.400%, 09/20/38	103,250		1,129
Government of Japan 5 Year Bond, Ser 63
1.200%, 03/20/12	218,000		2,380
Government of Japan 5 Year Bond, Ser 79
0.700%, 12/20/13	772,800		8,366
Government of Japan CPI Linked Bond, Ser 16
1.400%, 06/10/18	261,555		2,729
			72,496

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Jersey — 0.1%
WPP MTN
6.625%, 05/12/16	225	$	340
Lithuania — 0.1%
Republic of Lithuania
6.750%, 01/15/15 (A)	425		464
Malaysia — 0.1%
Malaysia Government Bond
5.734%, 07/30/19	900		309
Petronas Capital
5.250%, 08/12/19 (A)	410		414
			723
Mexico — 0.3%
Mexican Bonos, Ser M10
7.750%, 12/14/17	7,275		601
Mexican Bonos, Ser MI10
9.000%, 12/20/12	10,000		873
			1,474
Netherlands — 6.0%
ABN Amro Bank MTN
3.750%, 07/15/14	750		1,060
0.451%, 01/17/17 (B)	950		876
Aegon
4.750%, 06/01/13	250		263
Allianz Finance II MTN
6.125%, 05/31/22 (B)	1,000		1,437
5.000%, 03/06/13	350		512
ArcelorMittal
5.375%, 06/01/13 (A)	475		506
Bayer MTN
4.625%, 09/26/14	375		546
BMW Finance MTN
5.000%, 08/06/18	133		193
Boats Investments MTN
11.000%, 03/31/17	328		333
CRH Finance MTN
7.375%, 05/28/14	280		434
Deutsche Telekom International Finance BV MTN
6.500%, 04/08/22	380		624
E.ON International Finance
6.750%, 01/27/39	200		357
5.800%, 04/30/18 (A)	650		703
EDP Finance BV
5.375%, 11/02/12 (A)	750		797
Eureko
5.125%, 06/24/15 (B)	650		710
Government of Netherlands
4.500%, 07/15/17	1,500		2,246
4.000%, 07/15/18	4,325		6,254
4.000%, 01/15/37	200		274
4.000%, 07/15/16	1,700		2,481
3.750%, 07/15/14	475		689

4 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
ING Bank MTN
4.750%, 05/27/19		800	$	1,163
3.000%, 09/30/14		125		171
0.427%, 05/23/10 (B)		450		423
ING Groep MTN
4.750%, 05/31/17		500		703
ING Verzekeringen
6.250%, 06/21/21 (B)		1,310		1,693
KBC Internationale Financieringsmaatschappij MTN
4.500%, 09/17/14		350		488
Koninklijke KPN MTN
7.500%, 02/04/19		150		250
5.750%, 09/17/29		350		533
5.750%, 03/18/16		100		162
Linde Finance
7.375%, 07/14/66 (B)		300		438
6.750%, 12/08/15		225		360
Philips Electronics
5.750%, 03/11/18		395		421
Rabobank Nederland MTN
4.125%, 04/04/12		1,250		1,774
0.856%, 07/28/15 (B)		250		338
RWE Finance MTN
5.000%, 02/10/15		500		743
Siemens Financieringsmat MTN
6.125%, 09/14/66 (B)	GBP	275		423
5.125%, 02/20/17		250		375
SNS Bank MTN
2.875%, 01/30/12		600		831
Volkswagen
5.625%, 02/09/12		150		216
				32,800
New Zealand — 0.1%
ANZ National International
6.200%, 07/19/13		450		494
Norway — 0.6%
DnB Bank MTN
4.500%, 05/29/14		475		684
0.859%, 05/30/17 (B)		425		552
Eksportfinans MTN
4.375%, 09/20/10	EUR	625		857
MPU Offshore Lift
11.285%, 12/22/11 (C) (D)		1,445		5
Norway Government Bond
4.500%, 05/22/19		1,150		205
Sevan Drilling
7.410%, 12/07/12 (B)		2,000		310
‘Telenor MTN
4.125%, 03/26/20		150		202
Yara International
7.875%, 06/11/19		290		338
				3,153

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Peru — 0.1%
Republic of Peru
9.875%, 02/06/15		155	$	196
8.375%, 05/03/16		65		79
				275
Poland — 0.6%
Republic of Poland
‘6.375%, 07/15/19		130		142
Republic of Poland, Ser 1017
5.250%, 10/25/17		1,500		525
Republic of Poland, Ser 1019
5.500%, 10/25/19		7,535		2,638
				3,305
Portugal — 0.2%
Banco Comercial Portugues MTN
3.750%, 10/08/16		500		667
Portugal Obrigacoes do Tesouro OT
4.800%, 06/15/20		100		142
4.450%, 06/15/18		305		427
				1,236
Russia — 0.4%
Gazprom
9.625%, 03/01/13		470		536
6.580%, 10/31/13	GBP	150		239
6.212%, 11/22/16(A)		230		238
RSHB Capital for Russian Agricultural Bank
7.750%, 05/29/18 (A)		715		803
Steel Capital (Severstal)
9.750%, 07/29/13 (A) (C)		540		596
				2,412
Singapore — 0.5%
DBS Bank
0.470%, 05/16/10 (A) (B)		525		500
Government of Singapore
4.000%, 09/01/18		2,400		1,900
3.500%, 03/01/27		650		471
				2,871
South Africa — 0.1%
Foodcorp Registered
8.875%, 06/15/12	EUR	150		206
Republic of South Africa, Ser R203
8.250%, 09/15/17		4,050		545
				751
Spain — 1.0%
Government of Spain
4.750%, 07/30/14		925		1,366
4.600%, 07/30/19		485		701
3.300%, 10/31/14		475		662
Mapfre
5.921%, 07/24/37 (B)		500		610
Santander Issuances, Ser 24
7.300%, 07/27/19 (B)		400		657

5 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Telefonica Emisiones SAU MTN
5.289%, 12/09/22		200	$	298
4.375%, 02/02/16		800		1,128
				5,422
Supra-National — 1.8%
European Investment Bank
3.500%, 04/15/16		1,975		2,793
2.375%, 07/10/20		1,140		1,100
1.400%, 06/20/17	JPY	340,800		3,739
Inter-American Development Bank
9.750%, 05/15/15		750		1,485
WT Finance
3.625%, 06/27/12	EUR	450		615
				9,732
Sweden — 2.0%
Kingdom of Sweden, Ser 1041
6.750%, 05/05/14		9,325		1,526
Kingdom of Sweden, Ser 1049
4.500%, 08/12/15		26,950		4,118
Kingdom of Sweden, Ser 1052
4.250%, 03/12/19		2,000		303
Nordea Bank MTN
4.500%, 05/12/14		800		1,152
Skandinaviska Enskilda Banken MTN
6.625%, 07/09/14		242		402
Stadshypotek MTN
3.750%, 12/12/13		400		568
Svenska Handelsbanken MTN
3.750%, 02/24/17		150		203
0.880%, 10/19/17 (B)	EUR	800		1,054
Swedbank MTN
7.375%, 06/26/18 (B)		150		218
3.125%, 03/04/13		128		175
3.125%, 02/02/12		550		768
Volvo Treasury
5.950%, 04/01/15		145		148
				10,635
Switzerland — 1.4%
Credit Suisse MTN
6.125%, 05/16/14		350		531
6.125%, 08/05/13		200		301
4.750%, 08/05/19		400		565
Glencore Finance Europe MTN
7.125%, 04/23/15		300		451
5.250%, 03/22/17		300		405
Novartis Finance MTN
4.250%, 06/15/16		525		756
UBS
7.152%, 12/29/49 (B)		150		200
6.625%, 04/11/18	GBP	150		249
6.250%, 09/03/13	EUR	200		299
5.875%, 12/20/17		575		596
5.625%, 05/19/14		200		294
3.000%, 10/06/14		1,125		1,548
0.811%, 11/17/15 (B)	EUR	784		1,029
Weatherford International
9.625%, 03/01/19		275		348
				7,572

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
United Arab Emirates — 0.1%
National Bank of Abu Dhabi MTN
5.875%, 02/27/12	GBP	365	$	574
United Kingdom — 8.9%
3i Group MTN
5.625%, 03/17/17		150		204
3I Group MTN
0.854%, 06/08/12 (B)		350		432
Abbey National Treasury Services MTN
4.250%, 04/12/21		850		1,146
Anglian Water Services Financing, Ser A5 MTN
6.293%, 07/30/30		500		829
Anglo American Capital
9.375%, 04/08/14 (A)		275		330
Bank of Scotland MTN
4.750%, 06/08/22		1,000		1,357
Barclays Bank
14.000%, 06/15/19 (B)		100		197
6.750%, 05/22/19		350		387
6.750%, 01/16/23 (B)		350		549
5.000%, 09/22/16		705		725
4.500%, 03/04/19 (B)		125		172
BAT International Finance MTN
5.875%, 03/12/15		200		304
5.375%, 06/29/17		675		1,006
4.875%, 02/24/21		100		141
BG Energy Capital MTN
3.375%, 07/15/13		200		280
Bishopsgate Asset Finance
4.808%, 08/14/44		200		218
British Telecommunications MTN
6.500%, 07/07/15		200		297
5.750%, 12/07/28		111		150
Chester Asset Receivables, Ser A
6.125%, 10/15/10	EUR	2,160		2,947
Daily Mail & General Trust
5.750%, 12/07/18		350		473
Enterprise Inns
6.500%, 12/06/18		140		184
ENW Finance MTN
6.125%, 07/21/21		350		559
First Hydro Finance
9.000%, 07/31/21		220		388
Holcim US Finance Sarl & Cie SCS
6.000%, 12/30/19 (A)		25		26
HSBC Holdings MTN
9.875%, 04/08/18 (B)		80		140
6.500%, 05/20/24		250		416
0.492%, 10/06/16 (B)		625		609
Imperial Tobacco Finance MTN
8.375%, 02/17/16		1,150		1,913
7.250%, 09/15/14		150		236
Ineo’s Group Holdings
7.875%, 02/15/16	EUR	111		118
Inmarsat Finance
7.375%, 12/01/17 (A)		115		120

6 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Intercontinental Hotels Group MTN
6.000%, 12/09/16	150	$	231
Legal & General Group MTN
4.000%, 06/08/25 (B)	200		242
Lloyds TSB Bank MTN
6.500%, 03/24/20	300		405
6.375%, 04/15/14	725		1,172
6.250%, 04/15/14	150		220
5.375%, 09/03/19	175		239
Marks & Spencer MTN
6.125%, 12/02/19	100		157
5.625%, 03/24/14	268		427
Mondi Finance
5.750%, 04/03/17	92		126
National Express Group
6.250%, 01/13/17	150		238
National Westminster Bank
6.500%, 09/07/21	220		312
Nationwide Building Society MTN
3.375%, 08/17/15 (B)	580		762
Network Rail Infrastructure Finance MTN
4.875%, 11/27/15	950		1,560
Northern Rock
5.625%, 06/22/17 (A)	1,750		1,733
Northumbrian Water Finance
6.000%, 10/11/17	500		827
Old Mutual MTN
7.125%, 10/19/16	250		411
4.500%, 01/18/17 (B) (C)	300		375
OTE MTN
5.375%, 02/14/11	375		521
Prudential MTN
6.125%, 12/19/31	120		174
Rexam MTN
4.375%, 03/15/13	570		795
Rolls-Royce
6.750%, 04/30/19	100		170
Royal Bank of Scotland MTN
6.934%, 04/09/18	300		418
5.750%, 05/21/14	250		358
Scottish & Southern Energy MTN
6.250%, 08/27/38	150		251
5.750%, 02/05/14	245		399
Society of Lloyds
6.875%, 11/17/25 (B)	250		389
Southern Gas Networks, Ser A1 MTN
0.915%, 10/21/10 (B) (C)	300		404
SOV Housing Capital
5.705%, 09/10/39	250		384
Standard Chartered Bank MTN
6.400%, 09/26/17	250		261
5.875%, 09/26/17	600		879
Tesco
6.125%, 02/24/22	100		162
6.052%, 10/13/39	350		559
Thames Water Utilities Cayman Finance MTN
6.125%, 02/04/13	200		295

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
United Kingdom Treasury
5.000%, 03/07/25		250	$	406
4.750%, 03/07/20		500		805
4.750%, 12/07/38		815		1,285
4.750%, 09/07/15		910		1,512
4.750%, 12/07/30		800		1,257
4.500%, 12/07/42		335		510
4.500%, 03/07/19		1,395		2,222
4.250%, 12/07/49		85		124
4.250%, 03/07/36		375		545
4.250%, 06/07/32		950		1,397
4.250%, 09/07/39		325		471
4.000%, 09/07/16		1,100		1,748
2.750%, 01/22/15		850		1,292
2.250%, 03/07/14		370		560
Vodafone Group MTN
5.900%, 11/26/32		276		434
W&DB Issuer, Ser B1
5.641%, 07/15/35 (B)		60		72
Wales & West Utilities Finance MTN
6.750%, 12/17/36 (B)		200		306
Western Power Distribution South West
5.750%, 03/23/40		200		306
Yorkshire Power Finance
7.250%, 08/04/28		208		359
Yorkshire Water Services Bradford Finance
6.375%, 08/19/39		100		170
				48,490
United States — 7.4%
AES
7.750%, 10/15/15		55		56
Alcoa
5.375%, 01/15/13		314		329
Altria Group
9.250%, 08/06/19		325		395
American Express Credit MTN
5.375%, 10/01/14		250		395
American Honda Finance
6.250%, 07/16/13		250		376
American International Group, Ser A3
4.875%, 03/15/67 (B)	EUR	400		344
Anheuser-Busch InBev
5.375%, 01/15/20		600		619
AT&T
5.875%, 04/28/17		200		327
5.600%, 05/15/18		415		443
BA Covered Bond Issuer MTN
4.125%, 04/05/12	EUR	3,100		4,324
Bank of America MTN
6.500%, 08/01/16		225		243
5.650%, 05/01/18		350		354
4.750%, 05/06/19 (B)		250		328
BNP Paribas Capital Trust III
6.625%, 12/29/49 (B)		1,000		1,359
Cablevision Systems, Ser B
8.000%, 04/15/12		235		251

7 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Cargill
6.250%, 07/24/15		600	$	923
Case New Holland
7.125%, 03/01/14		80		81
CBS
7.700%, 07/30/10		440		448
Cellco Partnership
3.750%, 05/20/11		650		670
Citigroup
5.500%, 04/11/13		500		525
4.250%, 02/25/30 (B)		850		897
Comcast Cable Communications Holdings
9.455%, 11/15/22		340		454
Commerzbank Capital Funding Trust
5.012%, 03/29/49	EUR	200		163
Computer Sciences
5.500%, 03/15/13		605		650
ConocoPhillips
5.750%, 02/01/19		400		436
Countrywide Financial MTN
5.800%, 06/07/12		507		539
Countrywide Home Loan, Ser L MTN
4.000%, 03/22/11		9		9
Dell
5.625%, 04/15/14		245		270
Dow Chemical
8.550%, 05/15/19		288		348
Duke Energy
6.300%, 02/01/14		375		418
Dynegy Holdings
8.375%, 05/01/16		230		191
Electronic Data Systems, Ser B
6.500%, 08/01/13		474		530
Fisher Scientific International
6.125%, 07/01/15		71		74
General Electric Capital MTN
5.900%, 05/13/14		300		330
5.625%, 05/01/18		300		314
5.500%, 01/08/20		305		311
3.750%, 11/14/14		375		380
Genworth Financial
1.600%, 06/20/11	JPY	53,000		548
Goldman Sachs Group
6.375%, 05/02/18		400		601
4.750%, 10/12/21		200		250
4.750%, 01/28/14		396		559
4.250%, 08/04/10		200		272
0.965%, 02/04/13 (B)	EUR	450		588
Goodyear
9.000%, 07/01/15		155		160
Hartford Life Institutional Funding MTN
5.375%, 01/17/12		200		307
Hertz
8.875%, 01/01/14		221		227
HSBC Finance MTN
7.000%, 03/27/12		285		464
Ingersoll-Rand Global Holding
9.500%, 04/15/14		213		258

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
International Paper
7.950%, 06/15/18		260	$	304
JPMorgan Chase Bank
4.625%, 05/31/17 (B)	EUR	250		349
Key Bank MTN
0.833%, 02/09/12 (B)		570		719
0.785%, 11/21/11 (B)		50		64
Kraft Foods
6.125%, 08/23/18		500		545
Merrill Lynch MTN
6.750%, 05/21/13		150		221
4.625%, 10/02/13	EUR	261		365
1.200%, 09/14/18 (B)		375		431
Metropolitan Life Global Funding I MTN
4.625%, 05/16/17		200		275
Morgan Stanley MTN
6.000%, 04/28/15		630		675
5.625%, 09/23/19		575		573
3.750%, 03/01/13		1,000		1,376
Nabors Industries
9.250%, 01/15/19		275		342
News America
6.900%, 03/01/19		300		341
Nissan Motor
3.250%, 01/30/13 (A)		430		434
Oracle
5.750%, 04/15/18		435		477
Owens Corning
6.500%, 12/01/16		420		445
Pemex Project Funding Master Trust
5.500%, 02/24/25		300		400
PNC Funding
5.125%, 02/08/20		300		302
Pregis
5.684%, 04/15/13		50		62
Qwest
7.625%, 06/15/15		260		284
Qwest Communications International
7.500%, 02/15/14		335		341
Reynolds American
7.625%, 06/01/16		377		424
7.300%, 07/15/15		195		215
Ryder System
5.850%, 11/01/16		116		122
Schering-Plough
5.375%, 10/01/14	EUR	1,025		1,537
SES
4.625%, 03/09/20		300		408
SLM MTN
0.850%, 06/15/10 (B)	EUR	300		398
Tesoro
6.500%, 06/01/17		280		258
Toyota Motor Credit Corp
5.250%, 02/03/12		250		358
Tyco International Group
6.000%, 11/15/13		331		366
United Health Group
6.000%, 02/15/18		135		144

8 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
US Bank MTN
4.375%, 02/28/11 (B)		900	$	1,223
Verizon Communications
5.250%, 04/15/13		315		344
Wal-Mart Stores
4.875%, 01/19/39	GBP	238		341
Wellpoint
5.875%, 06/15/17		40		43
Western Union
5.930%, 10/01/16		475		525
Windstream
8.625%, 08/01/16		220		225
WM Covered Bond Program MTN
4.375%, 05/19/14		100		141
3.875%, 09/27/11		250		346
Wyndham Worldwide
6.000%, 12/01/16		242		239
				40,320
Total Global Bonds (Cost $442,098) ($ Thousands)				440,761
MORTGAGE-BACKED SECURITIES — 3.3%
Non-Agency Mortgage-Backed Obligation — 3.3%
Arkle Master Issuer, Ser 2006-1X, Cl 5M1
0.931%, 02/17/52 (C)		150		188
Arran Residential Mortgages Funding, Ser 2006-1X, Cl BC
0.883%, 04/12/56 (B) (C)		432		503
Banc of America Commercial Mortgage, Ser 2007-5, Cl A4
5.492%, 02/10/51		1,200		1,139
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-6, Cl 3A
5.431%, 09/25/34 (B)		358		345
Canary Wharf Finance, Ser II, Cl C2
1.164%, 10/22/37 (B) (C)		200		152
Citigroup Commercial Mortgage
Trust, Ser 2007-C6, Cl A4
5.700%, 06/10/17 (B)		1,140		1,135
Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4
6.095%, 04/01/10 (B)		405		408
Citigroup Mortgage Loan Trust, Ser 2005-2, Cl 1A4
5.110%, 05/25/35 (B)		1,708		1,464
Commercial Mortgage Asset Trust, Ser 1999-C1, Cl A3
6.640%, 09/17/10		203		204
Credit Suisse First Boston Mortgage Securities, Ser 2003- CKS4, Cl A1
4.485%, 11/15/36		744		755
Credit Suisse Mortgage Capital Certificates, Ser 2006-C5, Cl A3
5.311%, 12/15/39		1,215		1,147
Eddystone Finance, Ser 2006-1, Cl A
0.824%, 04/19/10		150		189

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Eddystone Finance, Ser 2006-1, Cl B
0.994%, 04/19/21 (B) (C)	100	$	114
Gracechurch Mortgage Financing, Ser 2006-1, Cl C3
0.930%, 11/20/56 (B) (C)	250		319
Gracechurch Mortgage Financing, Ser 2007-1X, Cl 3A2
0.760%, 11/20/56 (B)	2,000		2,657
Granite Master Issuer, Ser 2006-2, Cl A5
0.519%, 12/20/54 (B) (C)	646		804
GSR Mortgage Loan Trust, Ser 2005-AR1, Cl 4A1
5.134%, 01/25/35 (B)	501		450
Holmes Master Issuer, Ser 2007- 1, Cl 3C2
1.104%, 07/15/40 (B) (C)	150		194
Immeo Residential Finance, Ser 2, Cl A
0.874%, 12/15/16 (B)	453		528
JP Morgan Chase Commercial Mortgage Securities, Ser 2007- CB18, Cl A4
5.440%, 04/01/10	880		860
JP Morgan Mortgage Trust, Ser 2004-A5, Cl 3A1
5.309%, 12/25/34 (B)	464		438
Leek Finance, Ser 15X, Cl BA
0.943%, 03/21/37 (B) (C)	100		149
London and Regional Debt Securitisation, Ser 1, Cl A
0.820%, 10/15/14 (B) (C)	150		188
Permanent Financing, Ser 7, Cl 3B
0.772%, 06/10/42 (B) (C)	850		1,144
Silverstone, Ser 2009-1, Cl A2
2.067%, 04/21/10	300		460
Skyline, Ser 2007-1, Cl D
1.484%, 07/22/43 (B) (C)	200		139
Storm, Ser 2006-1, Cl A2
0.784%, 04/22/48 (B)	1,239		1,632
Talisman Finance, Ser 7, Cl H
2.934%, 04/22/17 (B)	485		99
Total Mortgage-Backed Securities (Cost $19,672) ($ Thousands)			17,804
CORPORATE OBLIGATIONS — 2.8%
United States — 2.8%
AES
7.750%, 03/01/14	110		112

9 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Antero Resources Finance
9.375%, 12/01/17 (A)	46	$	47
AutoNation
7.360%, 04/15/10 (A) (B)	44		44
Bear Stearns MTN
6.950%, 08/10/12	163		181
CMS Energy
8.750%, 06/15/19	164		185
DirecTV Holdings
5.875%, 10/01/19 (A)	550		572
Dominion Resources
6.400%, 06/15/18	400		446
Duke Realty
6.750%, 03/15/20 (E)	140		142
Embarq
7.082%, 06/01/16	448		488
Equities
8.125%, 06/01/19	45		53
Freeport-McMoRan Copper & Gold
8.250%, 04/01/15	300		327
Hartford Financial Services Group
5.500%, 03/30/20	195		192
Hess
8.125%, 02/15/19	141		172
Humana
7.200%, 06/15/18	280		303
6.450%, 06/01/16	40		42
6.300%, 08/01/18	50		51
ILFC E-Capital Trust I
5.900%, 06/21/10 (A) (B)	150		115
International Lease Finance
8.750%, 03/15/17 (A)	175		179
8.625%, 09/15/15 (A)	175		179
Liberty Mutual Group
7.800%, 03/15/37 (A)	315		279
Limited Brands
5.250%, 11/01/14	315		315
Lincoln National
8.750%, 07/01/19	128		157
Masco
6.125%, 10/03/16	500		499
McGraw-Hill
5.900%, 11/15/17	325		343
McKesson
5.250%, 03/01/13	440		470
Mirant Americas Generation
8.500%, 10/01/21	399		375
Mohawk Industries
6.625%, 01/15/16	375		387
Motorola
7.500%, 05/15/25	85		88
6.500%, 09/01/25	531		516
Nisource Finance
6.800%, 01/15/19	235		255
NRG Energy
7.375%, 02/01/16	225		223
Principal Financial Group
7.875%, 05/15/14	290		328
Progress Energy
6.050%, 03/15/14	160		176

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
RRI Energy
7.875%, 06/15/17	225	$	202
7.625%, 06/15/14	175		164
SLM MTN
8.000%, 03/25/20	825		803
5.050%, 11/14/14	800		740
Time Warner Cable
9.125%, 01/15/13	500		584
7.500%, 04/01/14	385		444
Union Bank MTN
5.950%, 05/11/16	392		411
Union Carbide
7.750%, 10/01/96	300		257
Union Electric
6.700%, 02/01/19	45		50
United States Steel
6.050%, 06/01/17	300		289
Valero Energy
9.375%, 03/15/19	345		411
Viacom
5.625%, 09/15/19	325		338
Wachovia MTN
5.500%, 05/01/13	415		449
5.350%, 03/15/11	150		155
Wachovia Capital Trust III
5.800%, 03/15/11 (B)	385		326
Wellpoint
7.000%, 02/15/19	90		102
Whirlpool MTN
8.600%, 05/01/14	298		346
Williams
7.875%, 09/01/21	82		97
Williams Partners
5.250%, 03/15/20 (A)	298		299
Xerox
7.625%, 06/15/13	210		215
Total Corporate Obligations (Cost $14,520) ($ Thousands)			14,923
ASSET-BACKED SECURITIES — 1.9%
Automotive — 0.7%
Auto Compartiment, Ser 2006-1, Cl B
0.922%, 07/25/17(B)	500		638
Auto Compartiment, Ser 2007-1, Cl A
0.771%, 02/25/19 (B)	1,000		1,340
FTA Santander Auto, Ser 1, Cl A
0.720%, 11/25/21 (B)	279		377
Hyundai Auto Receivables Trust, Ser 2009-A, Cl A2
1.110%, 02/15/12	1,020		1,022
Santander Consumer Finance, Ser 2007-1, Cl A
0.815%, 09/20/22 (C)	257		341
			3,718

10 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Credit Card — 0.5%
Citibank Credit Card Issuance Trust, Ser A4, Cl A4
5.375%, 04/11/11	EUR	1,900	$	2,626
Mortgage Related Securities — 0.2%
Countrywide Asset-Backed Certificates, Ser 2007-2, Cl 2A1
0.296%, 08/25/37 (B)		891		859
Soundview Home Equity Loan Trust, Ser 2007-NS1, Cl A1
0.366%, 04/25/10 (B)		632		607
				1,466
Other Asset-Backed Securities — 0.5%
Amstel Corporate Loan Offering, Ser 2007-1, Cl A2
0.817%, 03/25/17 (B) (C)		917		1,080
COMIT, Ser 1, Cl C
0.935%, 06/29/13 (B) (C)		79		53
Lambda Finance, Ser 2005-1X, Cl A2
0.902%, 11/15/29 (B) (C)		518		688
SLM Student Loan Trust, Ser 2008-5, Cl A4
1.349%, 10/25/16		800		813
Whinstone Capital Management, Ser 1X, Cl B1
1.516%, 10/25/45 (B)		140		55
				2,689
Total Asset-Backed Securities (Cost $10,519) ($ Thousands)				10,499
U.S. TREASURY OBLIGATIONS — 1.3%
U.S. Treasury Bonds
4.250%, 05/15/39		1,060		982
3.500%, 02/15/39		75		61
U.S. Treasury Notes
4.500%, 11/15/15		1,100		1,202
2.625%, 07/31/14		700		709
2.000%, 11/30/13		4,300		4,309
Total U.S. Treasury Obligations (Cost $7,311) ($ Thousands)				7,263
Total Investments — 90.5% (Cost $494,120) ($ Thousands)§			$	491,250

A summary of the outstanding forward foreign currency contracts held by the Fund at March 31, 2010, is as follows:

Settlement Date		Currency to Deliver (Thousands)		Currency to Receive (Thousands)	Unrealized Appreciation (Depreciation) ($ Thousands)
4/6/10-6/16/10	EUR	304,051	USD	411,036	$	(338	)
4/7/10	USD	789	MXP	9,904		14
4/7/10-6/16/10	CAD	44,449	USD	43,363		(458	)
4/7/10-6/16/10	GBP	50,205	USD	75,605		(527	)
4/7/10-6/16/10	JPY	12,714,872	USD	140,483		4,348
4/7/10-6/16/10	MXP	27,219	USD	2,136		(65	)
4/7/10-6/16/10	NOK	5,907	USD	989		(4	)
4/7/10-6/16/10	SEK	46,592	USD	6,378		(97	)
4/7/10-6/16/10	USD	26,832	CAD	27,566		345
4/7/10-6/16/10	USD	114,621	EUR	85,817		1,495
4/7/10-6/16/10	USD	21,759	GBP	14,582		359
4/7/10-6/16/10	USD	31,374	JPY	2,876,986		(580	)
4/7/10-6/16/10	USD	20,701	NOK	123,239		20
4/7/10-6/16/10	USD	27,792	SEK	200,715		109
4/8/10	EUR	1,780	CHF	2,586		49
4/8/10-6/17/10	CHF	26,900	USD	25,050		(527	)
4/15/10-6/16/10	USD	2,340	AUD	2,657		87
4/29/10-6/16/10	USD	2,089	KRW	2,366,115		4
4/30/10	TWD	2,660	USD	84		–
4/30/10	USD	250	TWD	7,930		1
5/10/10-6/16/10	PLN	8,969	USD	3,073		(60	)
6/1/10	EUR	3,255	NOK	26,407		34
6/1/10	NOK	25,800	EUR	3,208		4
6/1/10	NOK	65,110	GBP	7,285		102
6/4/10-6/16/10	DKK	11,650	USD	2,123		6
6/16/10	AUD	3,557	USD	3,189		(47	)
6/16/10	CZK	17,299	USD	918		(3	)
6/16/10	HUF	117,984	USD	595		(1	)
6/16/10	KRW	377,419	USD	332		(2	)
6/16/10	MYR	1,001	USD	302		(4	)
6/16/10	NZD	4,450	USD	3,116		(23	)
6/16/10	SGD	3,411	USD	2,435		(5	)
6/16/10	USD	986	CHF	1,044		7
6/16/10	USD	297	CZK	5,565		(1	)
6/16/10	USD	871	HUF	172,259		(1	)
6/16/10	USD	1,809	NZD	2,584		14
6/16/10	USD	421	SGD	590		1
6/16/10	ZAR	4,016	USD	527		(14	)
					$	4,242

11 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

A summary of the open futures contracts held by the Fund at March 31, 2010, is as follows:

Type of Contract	Number of Contracts Long (Short)		Expiration Date	Unrealized Appreciation (Depreciation) ($ Thousands)
Australian 10-Year Bond	(24	)	Jun-2010	$	31
Australian 3-Year Bond	(24	)	Jun-2010		7
Canadian 10-Year Bond	16		Jun-2010		(9	)
Euro-Bobl	51		Jun-2010		11
Euro-Bund	(26	)	Jun-2010		(8	)
Euro-Buxl 30 Year Bond	(6	)	Jun-2010		(10	)
Euro-Schatz	41		Jun-2010		7
Japanese 10-Year Bond	6		Jun-2000		(70	)
Long Gilt 10-Year Bond	10		Jun-2010		(3	)
U.S. 10-Year Treasury Note	(55	)	Jun-2010		6
U.S. 2-Year Treasury Note	(56	)	Jul-2010		17
U.S. 5-Year Treasury Note	(162	)	Jun-2010		17
U.S. Long Treasury Bond	(18	)	Jun-2010		(22	)
U.S. Long Treasury Bond	7		Jun-2010		5
				$	(21	)

For the year ended December 31, 2009, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

A summary of outstanding swap agreements held by the Fund at December 31, 2009, is as follows:

Credit Default Swaps
Counterparty	Reference Entity/Obligation	Buy/Sell Protection	(Pays)/Receives Rate		Termination Date	Notional Amount (Thousands)			Net Unrealized Appreciation (Depreciation) ($Thousands)
Deutsche Bank	United Utilities 6.875% 08/15/28	BUY	0.77		03/20/15		1,400		$	17
Deutsche Bank	Wolters Kluwer NV, 5.125% 01/27/14	BUY	(0.90	)	03/20/14	EUR	1,400			(34	)
Morgan Stanley	Prudential Financial 4.500% 07/15/13	SELL	5.00		09/20/14		(350	)		54
Morgan Stanley	Spanish Government, 5.500% 07/30/17	BUY	(1.00	)	09/20/14	EUR	4,100			66
UBS Warburg	iTraxx Europe Crossover Series 13	SELL	4.65		06/20/15	EUR	(5,000	)		113
									$	216

Interest Rate Swaps
Counterparty	Fund Pays	Fund Receives	Termination Date	Notional Amount (Thousands)		Net Unrealized Appreciation (Depreciation) ($Thousands)
Barclays Bank PLC	3.83%	3-Month LIBOR	03/31/20		2,650,000	$	(3	)
Citigroup	3.79%	6-Month GBP LIBOR	05/19/19	GBP	2,500,000		(67	)
Deutsche Bank	3.45%	6-Month EUR LIBOR	10/16/19	EUR	3,400,000		(142	)
Deutsche Bank	6-Month EURIBOR	4.17%	03/28/13	EUR	7,000,000		666
Deutsche Bank	4.31%	6-Month EURIBOR	04/07/10	EUR	6,500,000		(334	)
Citibank	3-Month LIBOR	4.43%	03/22/40		2,400,000		(28	)
JPMorgan Chase Bank	6-Month JPY LIBOR	2.22%	03/26/27	JPY	750,000,000		182
JPMorgan Chase Bank	6-Month EURIBOR	4.38%	01/07/13	EUR	5,400,000		579
JPMorgan Chase Bank	4.20%	6-Month EURIBOR	03/30/12	EUR	3,000,000		(223	)
JPMorgan Chase Bank	6-Month JPY LIBOR	1.29%	03/26/12	JPY	1,300,000,000		228
						$	858

12 SEI Institutional International Trust / Semi-Annual Report /March 31,  2010

Schedule of Investments (Unaudited)

International Fixed Income Fund

March 31, 2010

Percentages are based on a Net Assets of $542,862 ($ Thousands).

(1) In local currency unless otherwise indicated.

(A) Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” These securities have been determined to be liquid under guidelines established by the board of Trustees.

(B) Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of March 31, 2010.

(C) Securities considered illiquid. The total market value of such securities as of March 31, 2010 was $8,409 ($ Thousands) and represented 1.5% of Net Assets.

(D) Security in default on interest payments.

(E) Real Estate Investments Trust

Cl — Class

EURIBOR — Euro London Interbank Offered

Rate EUR — Euro

GBP — British Pound Sterling

JPY — Japanese Yen

LIBOR — London Interbank Offered Rate

MTN — Medium Term Note

Ser — Series

USD — U.S. Dollar

Amounts designated as “—” are $O or have been rounded to $O.

The accompanying notes are an integral part of the financial statements.

13 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

March 31, 2010

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
GLOBAL BONDS — 90.8%
Argentina — 5.4%
Province of Buenos Aires
9.625%, 04/18/28 (A)		695	$	497
9.625%, 04/18/28 (A)(B)		1,605		1,148
9.375%, 09/14/18 (A)		470		336
3.000%, 05/15/35 (A)		1,200		438
Province of Medoza
5.500%, 09/04/18 (A)		354		265
Provincia de Neuquen
8.656%, 10/18/14 (A)(B)		176		179
Republic of Argentina
12.000%, 09/19/16		1,000		284
11.750%, 05/20/11 (C)		2,554		760
10.566%, 12/15/35 (D)(E)		3,655		254
10.000%, 01/03/07 (C)	ITL	3,000,000		917
9.250%, 07/20/04 (C)		1,375		791
9.000%, 05/26/49 (C)		2,650		1,535
9.000%, 05/24/49 (C)		1,400		846
9.000%, 07/01/11		1,125		654
8.750%, 02/04/49 (C)		1,375		817
8.500%, 07/01/49 (C)		775		448
8.500%, 07/30/10 (C)		2,000		1,157
8.280%, 12/31/33		8,012		6,009
8.125%, 04/21/49 (C)		4,200		2,438
8.000%, 02/25/32 (C)		864		520
8.000%, 02/26/08 (C)		1,000		589
7.820%, 12/31/33		708		613
7.625%, 03/31/05 (C)		1,120		526
7.625%, 08/11/07 (C)	ITL	2,325,000		668
7.000%, 03/18/49	ITL	1,475,000		423
7.000%, 10/03/15		15,165		12,631
3.380%, 09/30/10 (F)		2,950		1,207
3.169%, 12/15/35 (D)		7,705		578
2.500%, 03/31/19 (F)		6,690		2,402
0.000%, 08/03/12 (D)		12,605		4,248
0.000%, 07/13/49 (C)	ITL	3,245,000		941
Transportadora Gas Norte
7.500%, 12/31/12 (A)(F)		130		63
7.500%, 12/31/12 (A)(B)(F)		260		127
7.500%, 12/31/12		420		205
6.500%, 12/31/12 (A)(B)(F)		30		15
6.500%, 12/31/12 (A)(F)		81		40
6.500%, 12/31/12 (A)(F)		72		35
				45,604
Bahrain — 0.1%
Kingdom of Bahrain
5.500%, 03/31/20 (B)		1,215		1,205

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
B.arbados — 0.2%
Columbus International
11.500%, 11/20/14 (B)		1,600	$	1,752
Belize — 0.0%
Government of Belize
6.000%, 02/20/29 (A)		400		276
Bosnia and Herzegovina — 0.1%
Republic of Bosnia & Herzegovina
1.813%, 12/11/17 (A)(D)	DEM	2,300		1,170
Brazil — 9.2%
Banco Nacional de
Desenvolvimento Economico e Social
6.500%, 06/10/19 (B)		2,325		2,482
5.500%, 07/12/20 (B)		600		594
Banco Votorantim
7.375%, 01/21/20 (B)		720		746
Federal Republic of Brazil
12.250%, 03/06/30		175		304
11.000%, 08/17/40		9,507		12,725
10.125%, 05/15/27		4,485		6,582
8.875%, 10/14/19		1,155		1,487
8.875%, 04/15/24		2,720		3,590
8.750%, 02/04/25		3,285		4,336
8.250%, 01/20/34		5,440		6,936
8.000%, 01/15/18		1,689		1,968
7.125%, 01/20/37		2,235		2,545
6.000%, 01/17/17		2,600		2,825
5.875%, 01/15/19		6,865		7,380
5.625%, 01/07/41		800		753
Fibria Overseas Finance
9.250%, 10/30/19 (B)		890		1,015
Nota Do Tesouro Nacional
10.000%, 01/01/17		22,441		11,607
10.000%, 01/01/21		14,730		7,247
Petrobras
7.875%, 03/15/19		555		649
Rearden G Holdings EINS GmbH
7.875%, 03/30/20 (B)		175		177
Voto-Votorantim
6.750%, 04/05/21 (B)		1,856		1,833
6.625%, 09/25/19 (B)		490		491
				78,272
Chile — 0.2%
Empresa Nacional del Petroleo
6.250%, 07/08/19 (B)		900		911
Nacional del Cobre de Chile
7.500%, 01/15/19		600		707
				1,618

1 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

March 31, 2010

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
China — 0.1%
Evergrande Real Estate
13.000%, 01/27/15		600	$	615
Colombia — 4.3%
Bogota Distrio Capital
9.750%, 07/26/28 (B)	COP	9,441,000		5,218
Ecopetrol
7.625%, 07/23/19 (B)		500		555
Republic of Colombia
11.750%, 02/25/20		2,095		3,069
10.375%, 01/28/33		450		643
9.850%, 06/28/27	COP	1,684,000		1,030
8.125%, 05/21/24		3,150		3,780
7.375%, 09/18/37		10,800		12,096
7.375%, 01/27/17		4,075		4,686
7.375%, 03/18/19		4,395		5,054
6.125%, 01/18/41		775		740
				36,871
Croatia — 0.3%
Government of Croatia
6.750%, 11/05/19 (B)		570		627
Republic of Croatia
6.750%, 11/05/19		250		273
Zagrebacki Holding
5.500%, 07/10/17		1,100		1,257
				2,157
Czech Republic — 0.1%
Central European Media Enterprises
11.625%, 09/15/16 (B)		450		664
Dominican Republic — 0.0%
Republic of Dominican Republic
9.040%, 01/23/18		16		18
Ecuador — 0.1%
Republic of Ecuador
9.375%, 12/15/15		1,100		1,026
El Salvador — 1.0%
Republic of El Salvador
8.250%, 04/10/32		100		110
8.250%, 04/10/32		200		221
7.750%, 01/24/23		595		658
7.650%, 06/15/35		5,811		6,116
7.375%, 12/01/19 (B)		1,330		1,450
7.375%, 12/01/19		200		218
				8,773
Gabon — 0.0%
Republic of Gabon
8.200%, 12/12/17 (B)		140		153

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Georgia — 0.5%
BG Finance for JSC Bank of Georgia
9.000%, 02/08/12		1,850	$	1,839
Republic of Georgia
7.500%, 04/15/13		2,600		2,705
				4,544
Ghana — 0.2%
Republic of Ghana
8.500%, 10/04/17 (B)		720		787
8.500%, 10/04/17		950		1,045
				1,832
Hong Kong — 0.2%
Bank of China Hong Kong
5.550%, 02/11/20 (B)		1,500		1,497
Hungary — 0.4%
Republic of Hungary
6.250%, 01/29/20		3,170		3,372
India — 0.4%
Indian Oil
4.750%, 01/22/15		450		457
State Bank of India MTN
4.500%, 10/23/14		750		752
Vedanta Resources
9.500%, 07/18/18 (B)		1,965		2,172
				3,381
Indonesia — 6.8%
JPMorgan Chase Bank MTN
12.800%, 06/17/21	IDR	26,200,000		3,624
0.000%, 06/17/10 (D)	IDR	12,200,000		1,688
Majapahit Holding
8.000%, 08/07/19 (B)		1,020		1,121
7.875%, 06/29/37 (A)(B)		355		367
7.750%, 10/17/16 (A)		180		196
7.750%, 10/17/16		1,100		1,198
7.750%, 01/20/20 (B)		1,840		1,996
7.250%, 10/17/11		650		687
PT Adaro
7.625%, 10/22/19		1,195		1,241

2 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

March 31, 2010

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Republic of Indonesia
11.625%, 03/04/19 (B)		2,375	$	3,414
11.625%, 03/04/19		2,600		3,738
11.000%, 11/15/20	IDR	14,300,000		1,784
10.375%, 05/04/14 (B)		200		249
10.375%, 05/04/14		300		373
8.500%, 10/12/35		3,550		4,420
7.750%, 01/17/38		16,546		19,193
7.500%, 01/15/16		2,300		2,656
7.250%, 04/20/15		1,230		1,397
6.875%, 01/17/18		2,150		2,392
6.750%, 03/10/14 (B)		1,100		1,216
6.750%, 03/10/14		700		773
6.625%, 02/17/37		2,350		2,398
5.875%, 03/13/20 (B)		1,500		1,556
Star Energy
11.500%, 02/12/15		400		423
				58,100
Iraq — 0.8%
Republic of Iraq
5.800%, 01/15/28		8,800		7,084
Ivory Coast — 0.1%
Republic of Ivory Coast
4.000%, 03/30/18 (C)		4,300		488
Jamaica — 0.1%
Digicel Group
8.875%, 01/15/15 (B)		550		540
Kazakhstan — 3.2%
CenterCredit International
8.625%, 01/30/14		1,499		1,521
HSBK Europe
9.250%, 10/16/13		675		724
7.750%, 05/13/13		150		155
7.250%, 05/03/17		460		448
Kazkommerts International
8.700%, 04/07/14 (D)		1,300		1,144
8.500%, 04/16/13		550		531
8.500%, 04/16/13		600		579
8.000%, 11/03/15		1,400		1,316
7.875%, 04/07/14		750		711
7.500%, 11/29/16 (A)		1,950		1,808
6.875%, 02/13/17		450		567
KazMunaiGaz Finance Sub MTN
11.750%, 01/23/15 (B)		3,280		4,215
9.125%, 07/02/18 (B)		3,815		4,621
9.125%, 07/02/18		3,550		4,304
8.375%, 07/02/13		3,800		4,275
Tengizchevroil Finance
6.124%, 11/15/14		357		379
				27,298

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Lithuania — 0.6%
Lithuania Government International Bond
7.375%, 02/11/20 (B)		1,800	$	1,970
7.375%, 02/11/20		1,400		1,526
Republic of Lithuania
6.750%, 01/15/15 (B)		1,150		1,256
				4,752
Malaysia — 3.1%
Government of Malaysia
4.378%, 11/29/19		10,580		3,291
3.741%, 02/27/15		10,560		3,242
Petroliam Nasional
7.750%, 08/15/15		705		829
7.625%, 10/15/26		395		471
Petronas Capital
7.875%, 05/22/22		6,405		7,784
7.875%, 05/22/22 (B)		400		490
7.875%, 05/22/22		1,000		1,215
5.250%, 08/12/19 (B)		8,845		8,944
				26,266
Mexico — 8.3%
EUR Capital
6.277%, 05/09/49 (D)		1,350		1,196
Grupo Senda
10.500%, 10/03/15		3,865		3,411
Mexican Bonos
8.500%, 05/31/29	MXP	57,150		4,762
8.500%, 12/13/18	MXP	27,620		2,379
7.500%, 06/03/27	MXP	45,880		3,502
Mexican Bonos, Ser MI10
9.500%, 12/18/14	MXP	5,161		465
NII Capital
10.000%, 08/15/16		3,700		4,052
Oceanografia
11.250%, 07/15/15		1,029		637
Pemex Finance
9.150%, 11/15/18		1,595		1,995
Pemex Project Funding Master Trust
6.625%, 06/15/35		450		443
5.750%, 03/01/18		1,505		1,549
Petroleos Mexicanos
8.000%, 05/03/19		1,000		1,173
6.000%, 03/05/20 (B)		450		461
United Mexican States
8.300%, 08/15/31		10,385		13,345
8.125%, 12/30/19		3,115		3,878
7.500%, 04/08/33		3,665		4,371
6.625%, 03/03/15		2,000		2,260
6.050%, 01/11/40		7,110		7,092
5.950%, 03/19/19		3,078		3,324
5.875%, 02/17/14		800		892
5.625%, 01/15/17		4,600		4,922
5.125%, 01/15/20		1,476		1,491
United Mexican States, Ser A MTN
6.750%, 09/27/34		2,548		2,803
				70,403

3 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

March 31, 2010

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Nigeria — 0.2%
GTB Finance
8.500%, 01/29/12	800	$	823
UBS
0.000%, 08/29/10 (A)(B)(D)	750		699
			1,522
Oman — 0.0%
Blue City Investments
13.750%, 11/07/13 (A)	2,250		326
4.049%, 05/07/10 (D)	250		101
			427
Pakistan — 0.6%
Republic of Pakistan
7.125%, 03/31/16	2,960		2,781
6.875%, 06/01/17	2,440		2,208
			4,989
Panama — 2.2%
Republic of Panama
9.375%, 01/16/23	560		722
9.375%, 04/01/29	5,932		8,053
8.875%, 09/30/27	950		1,225
8.125%, 04/28/34	720		871
7.250%, 03/15/15	4,865		5,558
6.700%, 01/26/36	1,860		1,976
			18,405
Peru — 2.7%
Interoceanica IV Finance
3.938%, 11/30/25 (A)(B)(E)(G)	936		463
3.876%, 11/30/18 (A)(B)(E)(G)	436		334
Peru Enhanced Pass-Through Finance
6.826%, 06/02/25 (B)(E)(G)	320		146
3.929%, 05/31/18 (A)(B)(E)(G)	1,116		885
3.323%, 05/31/18 (E)(G)	673		533
Republic of Peru
8.750%, 11/21/33	1,155		1,530
8.375%, 05/03/16 (H)	1,450		1,764
7.350%, 07/21/25	8,045		9,332
7.125%, 03/30/19	1,545		1,790
6.550%, 03/14/37	6,170		6,602
			23,379
Philippines — 5.7%
National Power
9.625%, 05/15/28 (A)	1,400		1,722
Power Sector
7.390%, 12/02/24	1,020		1,074
7.250%, 05/27/19	460		498

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Republic of the Philippines
10.625%, 03/16/25	3,635	$	5,207
9.500%, 02/02/30	3,250		4,339
8.875%, 03/17/15	450		555
8.375%, 06/17/19	1,945		2,373
8.250%, 01/15/14	600		703
8.000%, 01/15/16	4,200		5,008
7.750%, 01/14/31 (H)	6,123		7,011
7.500%, 09/25/24	13,856		15,692
6.500%, 01/20/20	450		485
6.375%, 10/23/34	3,640		3,567
			48,234
Poland — 1.6%
Republic of Poland
6.375%, 07/15/19	11,221		12,293
TVN Finance
10.750%, 11/15/17 (B)	800		1,197
			13,490
Qatar — 1.2%
Government of Qatar
9.750%, 06/15/30	425		610
6.400%, 01/20/40 (B)	610		637
5.250%, 01/20/20 (B)	5,415		5,621
Qtel International Finance
7.875%, 06/10/19	2,550		2,947
6.500%, 06/10/14 (B)	500		543
			10,358
Russia — 8.8%
Alfa Diversified Payment Rights Finance MTN
2.199%, 06/15/10 (B)(D)	196		180
Alfa Invest MTN
9.250%, 06/24/13 (A)(B)	750		808
Alfa Issuance MTN
8.000%, 03/18/15	417		430
Bank of Moscow
7.500%, 11/25/15 (A)(D)	1,200		1,212
Edel Capital for Sinek Capital
7.700%, 08/03/15	500		509
Gaz Capital MTN
9.625%, 03/01/13	1,200		1,368
8.625%, 04/28/34	920		1,067
6.510%, 03/07/22	215		211
6.212%, 11/22/16	600		618
RSHB Capital
9.000%, 06/11/14	750		865
7.750%, 05/29/18	650		730
7.175%, 05/16/13	100		108
6.299%, 05/15/17	300		311
Russian Federation Registered
12.750%, 06/24/28	4,210		7,473
7.500%, 03/31/30 (F)	38,241		44,076
Teorema
11.000%, 10/27/09 (C)	3,400		340

4 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

March 31, 2010

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
TNK-BP Finance
7.250%, 02/02/20 (B)	927	$	967
6.250%, 02/02/15 (B)	202		212
Transneft
8.700%, 08/07/18 (B)	775		930
7.700%, 08/07/13 (B)	150		167
Vimpel Communications
9.125%, 04/30/18	350		395
9.125%, 04/30/18 (A)(B)	1,155		1,304
8.375%, 04/30/13	250		271
8.375%, 04/30/13 (B)	900		974
8.250%, 05/23/16	570		621
VTB Capital
6.875%, 05/29/18	5,900		6,143
6.609%, 10/31/12 (B)	1,850		1,938
6.250%, 06/30/35	381		382
			74,610
Saudi Arabia — 0.1%
Dar Al-Arkan International Sukuk
10.750%, 02/18/15 (B)	700		713
Singapore — 0.2%
Sea Product
4.500%, 02/14/12 (A)	2,500		1,825
South Africa — 1.8%
Consol Glass MTN
7.625%, 04/15/14	221		298
Edcon Proprietary
3.900%, 06/15/14 (D)	1,800		1,857
Republic of South Africa
8.500%, 06/23/17	860		1,040
6.875%, 05/27/19	2,130		2,378
6.500%, 06/02/14	3,295		3,629
5.875%, 05/30/22	2,400		2,440
5.500%, 03/09/20	1,650		1,671
Republic of South Africa, Ser R203
8.250%, 09/15/17	12,210		1,643
			14,956
South Korea — 0.4%
Export-Import Bank of Korea
8.125%, 01/21/14	720		835
5.875%, 01/14/15	995		1,073
Korea Power
6.250%, 06/17/14	750		822
Republic of Korea
7.125%, 04/16/19	900		1,054
			3,784
Sri Lanka — 0.1%
Republic of Sri Lanka
7.400%, 01/22/15 (B)	450		469

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Supra-National — 0.1%
Andina de Fomento
8.125%, 06/04/19	485	$	570
Central American Bank for Economic Integration
5.375%, 09/24/14 (B)	300		315
Eurasian Development Bank MTN
7.375%, 09/29/14 (B)	275		295
			1,180
Thailand — 0.1%
True Move
10.750%, 12/16/13 (A)(B)	1,250		1,251
Trinidad & Tobago — 0.4%
Petroleum of Trinidad & Tobago
6.000%, 05/08/22 (A)	2,355		2,214
6.000%, 05/08/22 (B)	800		752
Petrotrin
9.750%, 08/14/19 (B)	490		557
			3,523
Tunisia — 0.3%
Banque Centrale de Tunisie
8.250%, 09/19/27	800		978
7.375%, 04/25/12	1,205		1,327
6.250%, 02/20/13	360		525
			2,830
Turkey — 4.4%
Globus Capital Finance
8.500%, 03/05/12	500		463
Republic of Turkey
11.875%, 01/15/30	650		1,036
9.500%, 01/15/14	500		597
8.000%, 02/14/34	2,200		2,527
7.500%, 07/14/17	1,150		1,311
7.500%, 11/07/19	2,955		3,350
7.375%, 02/05/25	3,270		3,643
7.250%, 03/15/15	5,235		5,883
7.250%, 03/05/38	2,640		2,765
7.000%, 03/11/19	850		938
7.000%, 09/26/16	1,050		1,166
7.000%, 06/05/20	200		220
6.875%, 03/17/36	6,220		6,282
6.750%, 05/30/40	2,918		2,867
6.750%, 04/03/18	4,000		4,365
			37,413
Ukraine — 3.3%
Credit Suisse First Boston International for CJSC The EXIM of Ukraine
8.000%, 11/06/15 (A)	750		653
7.650%, 09/07/11 (A)	500		501
6.800%, 10/04/12	1,000		985
6.800%, 10/04/12 (A)	600		591

5 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

March 31, 2010

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Government of Ukraine
7.650%, 06/11/13		2,120	$	2,155
6.750%, 11/14/17		850		811
6.580%, 11/21/16		500		477
6.580%, 11/21/16 (B)		2,240		2,134
JSC Commercial Bank
8.000%, 02/06/12		2,000		1,900
MHP
10.250%, 11/30/11		1,250		1,285
NAK Naftogaz Ukraine
9.500%, 09/30/14		8,850		9,216
Republic of Ukraine
7.650%, 06/11/13		250		254
3.200%, 12/19/10 (B)		660,000		6,820
Springvale Holdings
9.181%, 09/07/09 (A)(C)(D)		1,000		75
				27,857
United Arab Emirates — 1.9%
Dolphin Energy
5.888%, 06/15/19		1,287		1,323
5.888%, 06/15/19 (B)		644		661
Dubai DOF Sukuk MTN
6.396%, 11/03/14		1,450		1,383
Dubai Holding Commercial Operations MTN
4.750%, 01/30/14		1,400		1,487
0.624%, 05/01/10 (D)		150		122
Dubai Sukuk Centre
0.632%, 06/13/10 (D)		600		451
Emirate of Abu Dhabi
6.750%, 04/08/19 (B)		970		1,104
Jafz Sukuk
3.446%, 11/27/12 (D)	AED	31,500		7,294
MDC-GMTN
7.625%, 05/06/19		850		961
Nakheel Development
2.750%, 01/16/11		1,250		1,267
				16,053
Uruguay — 3.0%
Republic of Uruguay PIK
7.875%, 01/15/33		2,850		3,305
Republic of Uruguay
9.250%, 05/17/17		3,675		4,713
8.000%, 11/18/22		11,420		13,590
7.625%, 03/21/36		2,600		2,945
6.875%, 09/28/25		701		761
				25,314

Description		Face Amount (1) (Thousands)	Market Value ($ Thousands)
Venezuela — 5.8%
Government of Venezuela
13.625%, 08/15/18		1,600	$	1,612
10.750%, 09/19/13		200		196
9.375%, 01/13/34		2,230		1,633
9.250%, 09/15/27		2,820		2,207
9.250%, 05/07/28		5,630		4,110
9.000%, 05/07/23		4,770		3,542
8.500%, 10/08/14		5,581		4,855
8.250%, 10/13/24		1,650		1,141
7.750%, 10/13/19		300		215
7.650%, 04/21/25		3,700		2,414
7.000%, 03/31/38		100		59
6.000%, 12/09/20		2,020		1,252
5.750%, 02/26/16		3,000		2,175
1.283%, 04/20/11 (D)		16,951		15,764
Petroleos de Venezuela
5.500%, 04/12/37		2,250		1,074
5.375%, 04/12/27		4,555		2,255
5.250%, 04/12/17		6,835		4,204
5.000%, 10/28/15		1,000		613
				49,321
Vietnam — 0.1%
Republic of Vietnam
6.875%, 01/15/16		350		371
6.750%, 01/29/20 (B)		894		912
				1,283
Yemen — 0.0%
Pemberley MTN
11.500%, 02/19/14 (A)(B)		144		—
Total Global Bonds (Cost $699,312) ($ Thousands)				772,917
LOAN PARTICIPATIONS — 3.0%
Angola — 0.2%
Republic of Angola
2.998%, 04/30/16	EUR	1,300		1,450
Cambodia — 0.3%
Camgsm PIK
12.729%, 04/25/10		2,137		2,137
Georgia — 0.0%
Ashmore Cayman
0.000%, 04/16/14 (G)		221		227
Indonesia — 0.3%
Indonesia Standby Loan 94 (Counterparty: Deutsche Bank)
1.187%, 06/29/10		2,309		2,124

6 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

March 31, 2010

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
Mexico — 0.3%
Altos Hornos Promissory Note # 5
0.000%, 04/29/99 (A)(C)	2,500	$	375
Altos Hornos Promissory Note # 6
0.000%, 04/29/99 (A)(C)	2,500		375
Altos Hornos Promissory Note (Counterparty: Deustche Bank)
0.000%, 12/31/49 (A)(C)	4,500		675
Altos Hornos Tranche A (Counterparty: Bank of America)
0.000%, 04/11/04 (A)(C)	6,540		981
			2,406
Russia — 0.2%
Snegri
10.500%, 04/21/10 (A)	2,510		1,983
Singapore — 1.3%
Connect International PIK
0.000%, 01/01/10 (A)	9,128		8,258
Morton Bay
6.250%, 06/30/11 (A)	3,193		3,193
			11,451
Turkey — 0.4%
Cukurova, Ser B
8.493%, 05/01/12 (A)	4,015		3,654
Total Loan Participations (Cost $28,770) ($ Thousands)			25,432
CONVERTIBLE BONDS — 0.6%
India — 0.6%
Firstsource CV
6.144%, 12/04/12 (E)(G)	1,800		1,697
Reliance Communications
0.000%, 03/01/12 (G)	1,200		1,352
Suzlon Energy
1.318%, 06/12/12 (E)	2,054		2,144
2.453%, 07/25/14 (E)	450		408
Total Convertible Bonds (Cost $5,144) ($ Thousands)			5,601

Description	Face Amount (1) (Thousands)	Market Value ($ Thousands)
PURCHASED OPTIONS — 0.1%
United States — 0.1%
Currency OTC option on Euro, Put, Expires 05/22/10 Strike Price EUR 1.39	13,350,000	$	415
Currency OTC option on Euro, Put, Expires 05/22/10 Strike Price EUR 1.39	15,980,000		496
Total Purchased Options (Cost $735) ($ Thousands)			911
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 $77) ($ Thousands)			—
DEPOSIT WITH COUNTERPARTY AS COLLATERAL FOR SWAP CONTRACTS — 0.1%
Deposits with Merrill Lynch as Collateral for Swap Contracts Outstanding	682		682
Total Deposit with Counterparty as Collateral for Swap Contracts (Cost $682) ($ Thousands)			682
AFFILIATED PARTNERSHIP — 0.5%
United States — 0.5%
SEI Liquidity Fund, L.P., 0.220%†*(I)	4,201,785		3,938
Total Affiliated Partnership (Cost $4,202) ($ Thousands)			3,938
Total Investments — 95.1% (Cost $738,922) ($ Thousands)§		$	809,481

7 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

March 31, 2010

A summary of the outstanding forward foreign currency contracts held by the Fund at March 31, 2010, is as follows:

Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
4/5/10-5/4/10	USD	7,228	BRL	13,201	$	143
4/9/10	USD	3,796	KRW	4,347,575		47
4/12/10-5/21/10	USD	9,490	PLN	27,291		59
4/12/10-6/11/10	USD	7,479	INR	343,980		166
4/22/10	MXP	5,594	USD	450		(3	)
4/22/10-5/24/10	USD	3,790	MXP	47,909		77
4/26/10-4/30/10	EUR	19,394	USD	26,082		(156	)
4/30/10	JPY	641,664	USD	6,936		67
11/23/10	USD	3,100	CNY	20,773		(20	)
					$	380

A summary of the open futures contracts held by the Fund at March 31, 2010, is as follows:

Type of Contract	Number of Contracts Long (Short)	Expiration Date	Unrealized Appreciation (Depreciation) ($ Thousands)
U.S. Long Treasury Bond		14 Jun-2010	$	(1	)

For the year ended September 30, 2009, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

8 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

March 31, 2010

A summary of outstanding swap agreements held by the fund at March 31, 2010, is as follows:

Total Return Swaps
Counterparty	Reference Entity/Obligation	Fund Pays	Fund Receives	Termination Date	Notional Amount (Thousands)	Net Unrealized Appreciation (Depreciation) ($Thousands)
Merrill Lynch	Zaporozh Term Loan 9.78438 12/31/10	Cash Deposit Of Notional Amount	Price Return	12/31/10	682	$	(35	)

Percentages are based on a Net Assets of $851,114 ($ Thousands).

* Rate shown is the 7-day effective yield as of March 31, 2010.

† Affiliated security

(1) In U.S. dollars unless otherwise indicated.

(A) Securities considered illiquid. The total market value of such securities as of March 31, 2010 was $41,318($ Thousands) and represented 4.9% 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) Security in default on interest payments.

(D) Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of March 31, 2010.

(E) The rate reported is the effective yield at time of purchase.

(F) Step Bonds —The rate reflected on the Schedule of Investments is the effective yield on March 31, 2010. The coupon on a step bond changes on a specified date.

(G) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase.

(H) This security or a partial position of this security is on loan at March 31, 2010. The total market value of securities on loan at March 31, 2010 was $4,037 ($ Thousands) (See Note 7).

(I) This security was purchased with cash collateral held from securities on loan (see Note 9). The total value of such securities as of March 31, 2010 was $3,938 ($ Thousands).

AED — United Arab Emirates Dirham

BRL — Brazilian Real

COP — Colombian Peso

CV — Convertible Security

DEM — German Mark

EUR — Euro

IDR — Indonesian Rupiah

ITL — Italian Lira

JPY — Japanese Yen

KRW — Korean Won

LIBOR — London Interbank Offered Rate

L.P. — Limited Partnership

MTN — Medium Term Note

MXP — Mexican Peso

PIK — Payment-in-Kind

PLN — Polish Zloty

Ser — Series

USD — U.S. Dollar

Amounts designated as “—” are $O or have been rounded to $O.

The accompanying notes are an integral part of the financial statements.

9 SEI Institutional International Trust / Semi-Annual Report / March 31,  2010

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

The Registrant has a standing nominating committee (the “Committee”) currently consisting of the independent trustees. The Committee is responsible for evaluating and recommending nominees for election to the Registrant’s board of trustees (the “Board”). Pursuant to the Committee’s charter, adopted on June 18, 2004 and as amended, the Committee will review all shareholder recommendations for nominations to fill vacancies on the Board if such recommendations are submitted in writing and addressed to the Committee at the Registrant’s office.

Item 11. Controls and Procedures.

(a) The Registrant’s principal executive officer and principal financial officer concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) were effective as of a date within 90 days of the filing date of this report, based on their evaluation of the effectiveness of the Registrant’s disclosure controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940 and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) of the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Items 12. Exhibits.

(a)(1) Not applicable for semi-annual report.

(a)(2) 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.

(b) Officer certifications as required by Rule 30a-2(b) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2(b)), also accompany this filing as an exhibit.

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.

SEI Institutional International Trust
By	/S/    ROBERT A. NESHER
	Robert A. Nesher, President & CEO

Date: May 27, 2010

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	/S/    ROBERT A. NESHER
	Robert A. Nesher, President & CEO

Date: May 27, 2010

By	/S/    STEPHEN F. PANNER
	Stephen F. Panner, Controller & CFO

Date: May 27, 2010

EX-99.CERT

Certification

Pursuant to Section 302

of the Sarbanes-Oxley Act of 2002

I, Robert A. Nesher, certify that:

1. I have reviewed this report on Form N-CSRS of SEI Institutional International Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance Regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer(s) and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: May 27, 2010

/s/ Robert A. Nesher

Robert A. Nesher

President & CEO

Certification

Pursuant to Section 302

of the Sarbanes-Oxley Act of 2002

I, Stephen F. Panner, certify that:

1. I have reviewed this report on Form N-CSRS of SEI Institutional International Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance Regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer(s) and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: May 27, 2010

/s/ Stephen F. Panner

Stephen F. Panner

Controller & CFO

EX-99.906CERT

CERTIFICATION

Pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

The undersigned, the Chief Executive Officer of SEI Institutional International Trust (the “Fund”), with respect to the Fund’s Form N-CSRS for the period ended March 31, 2010 as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. such Form N-CSRS fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. the information contained in such Form N-CSRS fairly presents, in all material respects, the financial condition and results of operations of the Fund.

Dated: May 27, 2010

/s/ Robert A. Nesher

Robert A. Nesher

CERTIFICATION

Pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

The undersigned, the Controller & CFO of SEI Institutional International Trust (the “Fund”), with respect to the Fund’s
Form N-CSRS for the period ended March 31, 2010 as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. such Form N-CSRS fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. the information contained in such Form N-CSRS fairly presents, in all material respects, the financial condition and results of operations of the Fund.

Dated: May 27, 2010

/s/ Stephen F. Panner

Stephen F. Panner