N-Q 1 dnq.htm SEI INSTITUTIONAL INTERNATIONAL TRUST SEI Institutional International Trust

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number 811-05601

SEI Institutional International Trust

(Exact name of registrant as specified in charter)

 

 

c/o CT Corporation

101 Federal Street

Boston, MA 02110

(Address of principal executive offices) (Zip code)

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-800-342-5734

Date of fiscal year end: September 30, 2011

Date of reporting period: December 31, 2010

 

 

 


Item 1. Schedule of Investments


Schedule of Investments (Unaudited)

International Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

COMMON STOCK — 96.0%

      

Argentina — 0.0%

      

Telecom Argentina ADR

    8,200         $ 204   
            

Australia — 4.0%

      

AGL Energy

    2,312           36   

Alumina (A)

    1,263,908           3,213   

Amcor

    908,088           6,283   

Ausdrill

    20,461           65   

Australia & New Zealand Banking Group (A)

    420,760           10,071   

Australian Stock Exchange

    2,402           93   

Beach Energy (A)

    520,405           461   

BHP Billiton (A)

    155,095           7,194   

Brambles

    41,603           304   

Caltex Australia

    286,989           4,227   

Centamin Egypt*

    1,329,600           3,720   

Coca-Cola Amatil

    90,864           1,011   

Cochlear

    1,207           99   

Commonwealth Bank of Australia

    36,733           1,912   

Dexus Property Group (A)(B)

    526,193           429   

Fortescue Metals Group*

    292,025           1,958   

Foster’s Group (A)

    26,357           153   

Goodman Group (A)(B)

    64,093           43   

GPT Group (A)(B)

    343,462           1,035   

GrainCorp

    15,912           108   

John Fairfax Holdings (A)

    616,462           885   

MacArthur Coal

    7,313           96   

Newcrest Mining

    231,248           9,586   

Orica

    25,065           640   

OZ Minerals (A)

    1,211,939           2,137   

Qantas Airways (A)

    477,763           1,244   

QR National*

    32,279           91   

Rio Tinto (A)

    98,071           8,592   

Santos

    324,959           4,380   

SP AusNet, Cl Miscellaneous (A)

    447,619           399   

Stockland (A)(B)

    246,074           908   

STW Communications Group

    75,476           82   

Suncorp Group

    30,721           271   

TABCORP Holdings

    14,910           109   

Transurban Group

    31,476           165   

Wesfarmers (A)

    49,230           1,619   

Westfield Group*(B)

    87,592           678   

Westfield Retail Trust*(A)(B)

    78,646           207   

Westpac Banking

    1,865           42   

Whitehaven Coal

    283,365           1,952   

Woolworths

    62,859           1,738   
            
         78,236   
            

Austria — 0.3%

      

IMMOFINANZ*

    277,738           1,192   

Raiffeisen International Bank Holding (A)(C)

    3,161           175   

Telekom Austria

    41,997           594   

Vienna Insurance Group (C)

    72,380           3,787   

Voestalpine (A)

    11,699           562   
            
         6,310   
            

Belgium — 1.4%

      

Ageas (A)

    603,513           1,385   
Description   Shares        Market Value
($ Thousands)
 
    

Bekaert (A)

    3,263         $ 376   

Belgacom

    87,392           2,946   

Colruyt (A)

    91,435           4,667   

Delhaize Group (A)

    2,002           148   

InBev

    209,571           12,033   

KBC Groep

    44,924           1,537   

Sa D’ieteren*

    1,030           65   

Telenet Group Holding

    53,771           2,127   

Umicore (A)

    21,507           1,123   
            
         26,407   
            

Bosnia and Herzegovina — 0.1%

      

Axis Capital Holdings

    64,200           2,304   
            

Brazil — 1.8%

      

Amil Participacoes

    541,704           5,809   

Anhanguera Educacional Participacoes

    228,397           5,503   

Banco Santander Brasil ADR

    238,000           3,237   

Brasil Telecom ADR

    94,034           2,062   

Centrais Eletricas Brasileiras ADR

    277,564           3,816   

Embraer ADR

    72,003           2,117   

Petroleo Brasileiro ADR

    190,993           7,227   

Porto Seguro

    297,200           5,067   

Telecomunicacoes de Sao Paulo ADR

    19,558           479   
            
         35,317   
            

Canada — 3.9%

      

Alimentation Couche Tard, Cl B

    8,800           240   

Bankers Petroleum*

    410,400           3,139   

Barrick Gold

    110,479           5,875   

Canadian Natural Resources

    1,600           71   

Celestica*

    6,500           63   

Cenovus Energy

    118,700           3,976   

CI Financial

    4,700           106   

Domtar

    28,380           2,155   

Eldorado Gold

    209,500           3,901   

First Quantum Minerals (A)

    51,429           5,590   

Garda World Security, Cl A*

    10,200           95   

Gildan Activewear

    8,000           228   

Kinross Gold

    224,800           4,262   

Magna International

    17,277           898   

Magna International, Cl A

    41,800           2,184   

Nexen

    202,500           4,637   

Niko Resources

    69,236           7,189   

Onex

    68,600           2,087   

Pacific Rubiales Energy

    187,100           6,355   

QLT*

    8,100           60   

Research In Motion*

    50,430           2,932   

Silver Wheaton*

    215,600           8,458   

Suncor Energy

    319,598           12,283   

TELUS, Cl A

    1             
            
         76,784   
            

Chile — 0.5%

      

Banco Santander Chile ADR

    23,800           2,224   

Enersis ADR

    32,888           764   

Sociedad Quimica y Minera de Chile ADR (A)

    113,900           6,654   
            
         9,642   
            
 

 

1    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

China — 0.9%

      

Bank of China, Cl H

    7,580,200         $ 3,998   

China Minsheng Banking, Cl H

    188,500           161   

China Petroleum & Chemical, Cl H

    191,982           184   

China Vanke, Cl B

    1,371,000           1,693   

Ctrip.com International ADR*

    136,272           5,512   

Dongfeng Motor Group, Cl H

    662,000           1,141   

Ping An Insurance Group of China, Cl H

    457,500           5,115   

Qingling Motors, Cl H

    794,000           238   
            
         18,042   
            

Denmark — 1.0%

      

Carlsberg, Cl B

    15,205           1,532   

Coloplast, Cl B (A)(C)

    13,822           1,886   

Danske Bank

    3,095           80   

DSV (C)

    2,149           48   

Novo Nordisk, Cl B (A)

    94,947           10,742   

Novozymes, Cl B

    6,591           923   

Royal UNIBREW

    3,079           184   

TrygVesta (A)(C)

    89,480           4,144   
            
         19,539   
            

Finland — 1.4%

      

Kesko, Cl B

    11,782           553   

Kone, Cl B (A)(C)

    44,339           2,472   

Metso (A)

    135,043           7,584   

Nokia ADR (A)

    314,400           3,245   

Nokia (A)

    17,200           179   

Nokian Renkaat (A)(C)

    17,555           647   

Orion, Cl B (C)

    34,038           748   

Pohjola Bank, Cl A

    17,490           211   

Sampo, Cl A (A)

    56,707           1,522   

Stora Enso, Cl R (A)

    616,331           6,367   

UPM-Kymmene (A)

    125,904           2,241   

Wartsila, Cl B (A)

    19,228           1,471   
            
         27,240   
            

France — 8.5%

      

Accor

    16,348           730   

Air France-KLM

    7,160           131   

Air Liquide

    829           105   

Alcatel-Lucent

    1,936,487           5,663   

Areva

    37,360           1,829   

Arkema

    30,125           2,177   

AXA

    185,158           3,093   

BNP Paribas (A)

    277,941           17,752   

Bureau Veritas

    23,666           1,801   

Carrefour

    91,418           3,784   

Christian Dior

    12,727           1,825   

CNP Assurances

    170,182           3,083   

Dassault Systemes

    5,052           382   

Edenred*

    2,034           48   

EDF

    59,312           2,442   

Eurazeo

    1,748           130   

Eutelsat Communications

    136,575           5,018   

Fonciere Des Regions (B)

    1,508           147   

France Telecom

    15,302           320   

GDF Suez

    214,653           7,732   

Gecina (B)

    2,473           273   
Description   Shares       

Market Value

($ Thousands)

 
      

Gemalto

    41,626         $ 1,778   

Groupe Danone

    4,913           310   

Groupe Eurotunnel

    7,713           68   

Hermes International

    8,632           1,815   

ICADE (B)

    2,875           295   

Lagardere SCA

    6,467           268   

Legrand

    7,155           293   

L’Oreal

    2,518           281   

LVMH Moet Hennessy Louis Vuitton

    47,359           7,821   

Michelin, Cl B

    27,214           1,961   

Natixis

    432,588           2,031   

Peugeot

    139,325           5,310   

PPR

    5,959           951   

Publicis Groupe

    5,828           305   

Renault

    34,639           2,021   

Rhodia

    12,407           412   

Safran

    239,664           8,520   

Sanofi-Aventis

    224,954           14,441   

Schneider Electric

    112,437           16,894   

SCOR

    8,336           213   

Societe Generale (A)

    73,559           3,969   

Sodexho Alliance

    87,694           6,067   

Technip

    31,412           2,912   

Thales

    91,285           3,207   

Total

    112,489           5,984   

Unibail (B)

    2,568           510   

Vallourec

    62,197           6,558   

Vinci

    81,909           4,470   

Vivendi

    278,956           7,560   
            
         165,690   
            

Germany — 7.7%

      

Adidas

    86,601           5,655   

Allianz (A)

    63,683           7,596   

Axel Springer (A)

    1,145           187   

BASF (A)

    136,713           10,953   

Bayer

    32,583           2,425   

Bayerische Motoren Werke

    43,587           3,448   

Beiersdorf

    2,284           127   

Brenntag*

    42,100           4,292   

Commerzbank (A)

    85,576           640   

Continental (A)

    9,320           743   

DaimlerChrysler

    66,140           4,493   

Deutsche Bank

    27,669           1,453   

Deutsche Boerse (A)

    82,483           5,721   

Deutsche Lufthansa (A)

    147,697           3,225   

Deutsche Post

    291,447           4,964   

Deutsche Telekom (A)

    66,912           866   

E.ON

    103,053           3,159   

Fraport Frankfurt Airport Services Worldwide

    6,252           396   

Fresenius (A)

    4,709           397   

Fresenius Medical Care (A)

    75,771           4,373   

GEA Group (A)

    224,696           6,519   

Hannover Rueckversicherung (A)

    8,684           468   

Henkel KGaA

    16,962           878   

Hochtief

    2,204           188   

Infineon Technologies*(A)

    487,437           4,561   

Kabel Deutschland Holding*(C)

    1,025           48   

Lanxess (A)(C)

    3,719           292   

Linde (A)

    111,131           16,878   
 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Equity Fund

December 31, 2010

 

Description   Shares       

Market Value

($ Thousands)

 
      

MAN

    21,779         $ 2,604   

Merck KGaA (A)

    6,362           511   

Metro (A)

    8,502           616   

Muenchener Rueckversicherungs

    19,912           3,028   

RWE

    21,278           1,427   

SAP ADR (A)

    85,400           4,322   

SAP

    153,402           7,855   

Siemens

    154,480           19,211   

Suedzucker

    31,798           853   

ThyssenKrupp

    191,435           7,984   

Tognum (C)

    228,071           5,977   

TUI (A)

    72,548           1,022   

Volkswagen

    1,741           248   

Wacker Chemie (A)(C)

    3,872           682   
            
         151,285   
            

Greece — 0.1%

      

OPAP

    136,526           2,370   
            

Hong Kong — 3.8%

      

AIA Group*

    122,900           345   

ASM Pacific Technology (A)

    73,000           923   

Bank of East Asia

    62,200           260   

BOC Hong Kong Holdings

    470,000           1,599   

Cathay Pacific Airways

    829,200           2,288   

Cheung Kong Holdings

    101,000           1,558   

Cheung Kong Infrastructure Holdings

    30,000           137   

China Mobile

    483,000           4,797   

China Mobile ADR

    87,800           4,357   

CLP Holdings

    456,100           3,702   

CNOOC

    1,840,000           4,365   

DMX Technologies Group*

    475,000           154   

First Pacific

    500,000           450   

Genting Singapore*

    113,000           193   

Get Nice Holdings

    1,558,000           100   

Hang Lung Group

    110,400           726   

Hang Lung Properties

    107,400           502   

Hang Seng Bank

    9,900           163   

Hong Kong & China Gas

    65,300           154   

Hong Kong Exchanges and Clearing

    61,200           1,388   

HongKong Electric Holdings

    21,600           136   

Hongkong Land Holdings

    268,000           1,935   

Hutchison Telecommunications Hong Kong Holdings

    802,000           246   

Hutchison Whampoa

    554,400           5,705   

Hysan Development

    91,700           432   

Jardine Strategic Holdings

    239,252           6,623   

Kerry Properties

    566,000           2,949   

Li & Fung

    131,800           765   

New World Development

    351,000           659   

Orient Overseas International

    193,300           1,875   

PCCW

    1,300,000           575   

RCG Holdings*

    39,556           14   

Shangri-La Asia

    196,900           534   

SJM Holdings

    475,000           754   

Sun Hung Kai Properties

    353,000           5,862   

Swire Pacific, Cl A

    701,800           11,538   

Wharf Holdings

    154,900           1,192   

Wheelock

    336,000           1,359   
Description   Shares        Market Value
($ Thousands)
 
      

Wing Hang Bank

    28,000         $ 387   

Yue Yuen Industrial Holdings (A)

    839,000           3,017   
            
         74,718   
            

India — 0.1%

      

State Bank of India GDR

    11,630           1,506   
            

Ireland — 0.5%

      

Experian

    722,080           9,022   

Smurfit Kappa Group (D)

    165,679           1,622   
            
         10,644   
            

Israel — 0.9%

      

Check Point Software Technologies*

    107,125           4,956   

Israel*

    386           469   

Israel Chemicals

    64,949           1,115   

Mizrahi Tefahot Bank

    13,931           153   

Teva Pharmaceutical Industries ADR

    162,064           8,448   

Teva Pharmaceutical Industries

    34,566           1,803   
            
         16,944   
            

Italy — 1.6%

      

Enel

    1,396,178           7,024   

Enel Green Power*

    22,500           48   

Engineering Ingegneria Informatica

    2,148           61   

ENI

    39,300           865   

ERG (A)

    27,828           390   

Exor (C)

    10,724           355   

Fiat (A)

    31,347           651   

Finmeccanica (C)

    7,955           91   

Mediaset

    535,054           3,253   

Parmalat (A)(C)

    1,519,313           4,184   

Pirelli & C

    45,156           367   

Saipem

    11,082           549   

Saras (A)(C)

    9,698           21   

Snam Rete Gas

    610,348           3,051   

Telecom Italia

    7,027,033           7,948   

UniCredito Italiano

    1,308,998           2,724   
            
         31,582   
            

Japan — 17.7%

      

77 Bank

    47,000           249   

Aeon

    359,900           4,496   

Aeon Mall

    15,400           412   

Aisin Seiki

    22,600           797   

Alfresa Holdings

    9,100           404   

All Nippon Airways

    158,400           590   

Aozora Bank (C)

    171,000           353   

Arc Land Sakamoto

    7,300           90   

Arnest One

    35,400           454   

Asahi Breweries

    29,700           574   

Asahi Glass

    4,000           47   

Asahi Kasei

    188,000           1,224   

Asics

    15,300           196   

Autobacs Seven

    5,600           220   

Bank of Kyoto

    7,000           66   

Bridgestone

    365,000           7,033   

Brother Industries

    223,400           3,301   
 

 

3    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

Canon

    34,200         $ 1,759   

Central Japan Railway

    492           4,117   

Century Tokyo Leasing

    8,400           136   

Chuetsu Pulp & Paper

    18,000           33   

Coca-Cola West

    313,500           5,681   

Cosmo Oil

    171,300           560   

Credit Saison

    8,500           139   

Dai Nippon Printing

    400,000           5,431   

Daicel Chemical Industries

    244,000           1,777   

Daido Steel

    209,700           1,229   

Daihatsu Motor

    78,000           1,195   

Dai-ichi Life Insurance (C)

    156           253   

Daiichi Sankyo (C)

    12,700           278   

Daiichikosho

    11,500           223   

Daito Trust Construction

    10,900           746   

Daiwa House Industry

    238,000           2,918   

Dena (C)

    89,400           3,206   

Denso

    9,700           334   

EDION

    75,900           680   

Faith

    378           46   

FamilyMart

    2,700           102   

Fanuc

    39,900           6,105   

Fuji Electric Holdings

    279,000           866   

Fuji Film Holdings

    166,800           6,014   

Fuji Heavy Industries

    224,800           1,735   

Fuji Media Holdings

    795           1,254   

Fuji Soft

    8,800           152   

Fujishoji (C)

    42           44   

Fujitsu

    1,095,000           7,594   

Fukuoka Financial Group (C)

    19,600           85   

Hajime Construction (C)

    6,100           209   

Hamamatsu Photonics

    7,200           263   

Haseko

    1,390,500           1,230   

Higo Bank

    14,000           72   

Hino Motors

    266,000           1,435   

Hisamitsu Pharmaceutical

    3,300           139   

Hitachi

    1,496,700           7,955   

Hitachi High-Technologies

    4,600           107   

Hitachi Metals

    17,400           208   

Hokuriku Electric Power

    3,800           93   

Honda Motor

    369,600           14,603   

Hosiden

    21,600           254   

IBJ Leasing (C)

    2,400           60   

Idemitsu Kosan (C)

    21,300           2,259   

IHI

    370,000           822   

Iida Home Max

    34,800           377   

Isuzu Motors

    320,900           1,452   

Itochu

    32,400           327   

Itochu-Shokuhin

    1,900           67   

Japan Prime Realty Investment, Cl A (B)

    49           151   

Japan Real Estate Investment, Cl A (B)

    30           311   

Japan Retail Fund Investment, Cl A (B)

    270           517   

JFE Shoji Holdings (C)

    52,000           242   

JGC

    149,000           3,233   

JS Group

    138,300           3,037   

Jupiter Telecommunications

    6,526           6,854   

Justsystems*

    13,900           47   

JX Holdings (C)

    526,480           3,566   

Kansai Electric Power

    9,000           222   
Description   Shares        Market Value
($ Thousands)
 
    

Kansai Paint

    6,000         $ 58   

Kao

    76,100           2,047   

Kawasaki Kisen Kaisha

    506,900           2,209   

KDDI

    1,463           8,446   

Keihin Electric Express Railway

    28,300           250   

Keisei Electric Railway

    6,000           40   

Kewpie

    20,400           259   

Kita-Nippon Bank

    1,700           41   

Kobe Steel

    401,900           1,017   

Komatsu

    59,300           1,787   

K’s Holdings

    32,100           872   

Kuraray

    28,300           404   

Kyocera

    15,600           1,587   

Kyudenko

    9,000           58   

Mabuchi Motor

    66,600           3,427   

Makita

    118,300           4,819   

Marubeni

    845,200           5,923   

Marui

    35,800           291   

Maruichi Steel Tube

    20,300           431   

Matsushita Electric Industrial

    119,700           1,692   

McDonald’s Holdings Japan

    7,300           183   

Mediceo Paltac Holdings

    40,600           447   

MEIJI Holdings (C)

    10,200           461   

Miraca Holdings

    25,300           1,017   

Mitsubishi

    365,700           9,867   

Mitsubishi Chemical Holdings (C)

    377,800           2,555   

Mitsubishi Electric

    195,700           2,047   

Mitsubishi Gas Chemical

    349,881           2,477   

Mitsubishi Materials

    128,000           407   

Mitsubishi UFJ Financial Group

    1,336,900           7,216   

Mitsubishi UFJ Lease & Finance

    7,890           312   

Mitsui

    81,900           1,349   

Mitsui Chemicals

    45,000           161   

Mitsui Home

    8,000           42   

Mitsui Mining & Smelting

    259,000           853   

Mitsui OSK Lines

    44,000           298   

Mitsui Sumitomo Insurance Group Holdings (C)

    139,100           3,476   

Mitsui Trust Holdings

    209,000           864   

Mizuho Financial Group

    1,273,300           2,391   

Nabtesco

    7,800           166   

Nagase

    19,000           245   

NEC Networks & System Integration

    25,700           333   

NGK Spark Plug

    3,900           60   

Nintendo

    10,300           3,010   

Nippon Building Fund, Cl A (B)

    18           185   

Nippon Electric Glass

    478,700           6,878   

Nippon Meat Packers

    65,000           848   

Nippon Paper Group

    49,900           1,308   

Nippon Shokubai

    7,000           72   

Nippon Telegraph & Telephone

    202,900           9,249   

Nippon Telegraph & Telephone ADR

    229,400           5,262   

Nippon Yusen

    270,700           1,193   

Nishi-Nippon City Bank

    449,800           1,362   

Nissan Motor

    151,400           1,434   

Nisshin Fudosan

    13,200           107   

Nisshin Steel

    475,000           1,055   

Nitto Denko

    25,000           1,174   

NOK

    7,400           154   
 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

Nomura Real Estate Office Fund, Cl A (B)

    30         $ 217   

Noritsu Koki

    6,500           41   

NTN

    11,000           58   

NTT Data

    84           290   

NTT DoCoMo

    170           296   

Omron

    10,100           266   

Oriental Land

    11,100           1,028   

ORIX

    5,940           583   

Resona Holdings (A)

    231,300           1,380   

Ricoh Leasing

    2,200           60   

Rohm

    39,500           2,571   

Saizeriya

    37,500           758   

Sankyo

    128,800           7,265   

Sapporo Hokuyo Holdings

    513,800           2,403   

Sega Sammy Holdings (C)

    106,200           2,016   

Seiko Epson

    13,300           242   

Seino Transportation

    76,000           521   

Sekisui Chemical

    920,000           6,589   

Sekisui House

    266,000           2,683   

Seven & I Holdings (C)

    142,600           3,798   

Shimano

    10,000           507   

Shin-Etsu Chemical

    85,000           4,586   

Shinsei Bank (A)

    1,126,000           1,467   

Shiseido

    165,700           3,612   

Showa Shell Sekiyu

    65,400           598   

SMC

    18,500           3,160   

Softbank

    77,300           2,668   

Sohgo Security Services

    14,700           174   

Sojitz

    370,700           811   

Sony

    298,000           10,669   

Sony Financial Holdings (C)

    1,327           5,350   

Sumitomo

    403,400           5,685   

Sumitomo Electric Industries

    41,500           574   

Sumitomo Metal Mining

    19,000           331   

Sumitomo Mitsui Financial Group

    78,100           2,768   

Sumitomo Realty & Development

    8,000           191   

Sumitomo Rubber Industries

    15,600           162   

Sumitomo Trust & Banking

    396,000           2,483   

Sysmex

    400           28   

Takashimaya

    8,200           70   

Takeda Pharmaceutical

    109,300           5,375   

Tanabe Seiyaku

    7,900           133   

Tokyo Electron

    49,300           3,107   

Tokyo Energy & Systems

    6,000           39   

Tokyo Gas

    164,000           727   

Tokyo Tekko

    24,000           63   

Tokyu Land

    65,000           326   

Toshiba TEC

    104,000           503   

Tosoh

    130,000           421   

Totetsu Kogyo

    9,000           64   

Toyo Securities

    37,000           64   

Toyota Auto Body

    16,400           306   

Toyota Industries

    11,200           347   

Toyota Motor ADR

    35,768           2,812   

Toyota Motor

    112,000           4,414   

Toyota Tsusho

    143,500           2,516   

Unicharm

    229,200           9,111   

Unipres

    14,300           284   

USS

    1,430           117   

Wacoal Holdings

    237,704           3,409   

Warabeya Nichiyo

    5,200           68   
Description   Shares        Market Value
($ Thousands)
 
      

Watabe Wedding

    6,395         $ 71   

West Japan Railway

    249           930   

Yamaguchi Financial Group (C)

    20,000           202   

Yamaha Motor

    5,100           83   

Yokohama Rubber

    86,000           443   

Zeon

    89,000           744   
            
         347,124   
            

Jersey — 0.3%

      

Informa

    735,073           4,690   

Randgold Resources

    2,489           205   
            
         4,895   
            

Macau — 0.1%

      

Wynn Macau

    476,000           1,065   
            

Malaysia — 0.2%

      

Axiata Group*(C)

    2,032,000           3,126   
            

Malta — 0.0%

      

BGP Holdings*(E)

    198,683             
            

Mexico — 0.1%

      

Telefonos de Mexico ADR, Ser L

    72,141           1,164   
            

Netherlands — 5.6%

      

Aegon

    141,761           870   

Akzo Nobel (A)

    195,396           12,185   

ASML Holding

    77,854           3,018   

Boskalis Westminster

    475           23   

Corio (B)

    3,477           224   

European Aeronautic Defence and Space (A)

    270,325           6,325   

Fugro (A)

    88,597           7,310   

Heineken (A)

    1,756           86   

ING Groep

    976,174           9,534   

Koninklijke Ahold

    470,298           6,231   

Koninklijke DSM (A)

    95,410           5,453   

Koninklijke KPN

    59,905           878   

Koninklijke Philips Electronics

    32,284           993   

Koninklijke Vopak (A)

    3,802           180   

Mediq

    4,375           82   

Reed Elsevier

    399,907           4,966   

Royal Dutch Shell ADR, Cl B

    70,200           4,680   

Royal Dutch Shell, Cl A (A)

    455,640           15,159   

Royal Dutch Shell, Cl B

    91,318           3,024   

TNT

    376,619           9,979   

Unilever (A)

    520,744           16,277   

Wolters Kluwer

    117,349           2,582   
            
         110,059   
            

New Zealand — 0.2%

      

Telecom of New Zealand

    2,322,085           3,936   
            

Norway — 1.4%

      

Aker Solutions (A)(C)

    241,088           4,129   

DnB (A)

    941,981           13,303   
 

 

5    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

Marine Harvest (A)(C)

    1,215,649         $ 1,296   

Orkla (A)(C)

    7,560           74   

Seadrill (A)(C)

    31,179           1,068   

Statoil

    219,404           5,246   

Telenor

    97,785           1,600   

Yara International (A)

    19,846           1,160   
            
         27,876   
            

Portugal — 0.2%

      

Banco Espirito Santo

    90,413           349   

Energias de Portugal

    304,830           1,019   

Galp Energia SGPS, Cl B

    2,978           57   

Jeronimo Martins SGPS

    107,533           1,645   

Portugal Telecom SGPS

    49,465           556   
            
         3,626   
            

Russia — 0.1%

      

OAO Gazprom ADR

    77,633           1,960   

Surgutneftegas ADR

    8,414           89   
            
         2,049   
            

Singapore — 1.2%

      

City Developments

    52,100           511   

DBS Group Holdings

    333,000           3,722   

Fraser and Neave

    164,200           822   

Global Logistic Properties*

    30,000           51   

GuocoLeisure

    296,000           166   

Jardine Cycle & Carriage

    22,300           637   

Keppel

    47,900           423   

Keppel Land

    133,000           498   

Oversea-Chinese Banking

    628,200           4,845   

SembCorp Marine

    57,000           239   

Singapore Airlines

    257,500           3,076   

Singapore Exchange (A)

    63,000           414   

Singapore Press Holdings

    188,200           585   

Singapore Technologies Engineering

    144,600           386   

United Overseas Bank

    10,300           146   

UOL Group

    328,000           1,216   

Yangzijiang Shipbuilding Holdings (A)

    3,915,700           5,838   
            
         23,575   
            

South Africa — 0.8%

      

AngloGold Ashanti ADR

    92,200           4,539   

Gold Fields

    220,775           4,024   

Impala Platinum Holdings

    60,761           2,140   

MTN Group

    289,722           5,887   
            
         16,590   
            

South Korea — 2.7%

      

Hyundai Heavy Industries

    9,698           3,780   

Hyundai Mobis*

    39,773           9,958   

Hyundai Motor*

    37,747           5,763   

Korea Electric Power ADR

    205,475           2,776   

KT ADR

    135,000           2,808   

KT&G*

    44,617           2,544   

Samsung Electronics

    16,054           13,407   

Samsung SDI*

    18,057           2,666   

Shinhan Financial Group*

    64,369           2,993   

SK Telecom ADR (A)

    279,900           5,215   
            
         51,910   
            
Description   Shares        Market Value
($ Thousands)
 
      

Spain — 0.9%

      

Amadeus IT Holding, Cl A*(C)

    3,746         $ 79   

Banco Bilbao Vizcaya Argentaria

    42,277           433   

Banco de Sabadell (C)

    22,187           88   

Banco Santander Central Hispano

    372,107           3,981   

Caja de Ahorros del Mediterraneo (C)

    12,489           117   

Criteria Caixacorp (C)

    284,830           1,527   

Enagas

    148,187           2,975   

Ferrovial (C)

    75,137           753   

Gas Natural

    56,775           878   

Iberia Lineas Aereas de Espana

    89,643           386   

Inditex

    34,459           2,590   

Repsol

    25,332           712   

Telefonica

    143,992           3,300   
            
         17,819   
            

Sweden — 1.8%

      

Alfa Laval

    25,983           549   

Assa Abloy, Cl B (A)

    36,690           1,035   

Atlas Copco, Cl B (C)

    59,618           1,350   

Atlas Copco, Cl A (C)

    79,257           2,002   

Elekta, Cl B (C)

    59,290           2,280   

Hennes & Mauritz, Cl B (A)

    8,337           278   

Hexagon, Cl B (A)(C)

    33,327           716   

Holmen, Cl B (A)

    3,588           118   

Industrivarden, Cl C (A)(C)

    81,714           1,434   

Kinnevik Investment, Cl B (C)

    27,549           561   

Millicom International Cellular (A)(C)

    8,077           776   

Modern Times Group, Cl B (A)(C)

    9,264           614   

NCC, Cl B

    7,237           160   

Nordea Bank (A)

    179,080           1,948   

Ratos, Cl B (A)(C)

    7,694           285   

Sandvik (A)(C)

    28,244           551   

Scania, Cl B (A)(C)

    112,133           2,582   

Skandinaviska Enskilda Banken, Cl A (A)

    471,872           3,941   

Skanska, Cl B

    6,969           138   

SKF, Cl B (C)

    70,919           2,025   

Svenska Cellulosa, Cl B (A)(C)

    98,208           1,551   

Svenska Handelsbanken, Cl A (A)

    163,737           5,236   

Swedbank, Cl A (A)

    117,159           1,639   

Swedish Match (A)

    22,385           649   

Tele2, Cl B (A)(C)

    63,057           1,309   

Volvo, Cl B (C)

    127,639           2,249   
            
         35,976   
            

Switzerland — 7.3%

      

ABB

    19,325           433   

Actelion*(C)

    4,327           238   

Aryzta (C)

    3,432           159   

Clariant (A)

    120,850           2,456   

Compagnie Financiere Richemont (C)

    130,252           7,683   

Credit Suisse Group

    98,251           3,969   

Elektrizitaets-Gesellschaft Laufenburg

    56           41   

Geberit (C)

    221           51   

Givaudan (A)

    10,411           11,274   

Julius Baer Group (C)

    83,817           1,857   
 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

Kuehne & Nagel International (A)(C)

    1,116         $ 156   

Lindt & Spruengli

    136           617   

Logitech International*(C)

    17,574           335   

Nestle

    319,159           18,756   

Novartis

    395,858           23,375   

Roche Holding

    96,128           14,135   

Schindler Holding (C)

    13,402           1,596   

SGS

    4,606           7,755   

Sika

    268           590   

STMicroelectronics (A)

    213,470           2,241   

Sulzer

    58,287           8,920   

Swatch Group (A)

    28,990           4,401   

Swiss Life Holding

    11,789           1,706   

Swiss Reinsurance

    23,891           1,286   

Swisscom

    450           198   

Transocean*(C)

    16,819           1,162   

UBS (C)

    584,051           9,619   

UBS

    121,800           2,006   

Xstrata

    421,635           9,938   

Zurich Financial Services

    18,765           4,875   
            
         141,828   
            

Taiwan — 0.1%

      

AU Optronics ADR

    5,385           56   

United Microelectronics ADR

    815,018           2,576   
            
         2,632   
            

Thailand — 0.3%

      

Kasikornbank

    1,293,300           5,593   
            

Turkey — 0.2%

      

Turkiye Garanti Bankasi

    908,763           4,618   
            

United Kingdom — 15.8%

      

3i Group

    127,469           656   

Admiral Group

    36,473           865   

Aggreko

    50,922           1,182   

AMEC

    108,821           1,959   

Amlin

    935,239           5,987   

Anglo American

    19,569           1,022   

Antofagasta

    232,364           5,864   

ARM Holdings

    259,147           1,717   

Associated British Foods

    74,770           1,383   

AstraZeneca

    324,413           14,841   

Aviva

    1,094,190           6,733   

BAE Systems

    149,328           772   

Balfour Beatty

    419,089           2,053   

Barclays

    1,238,052           5,072   

BG Group

    654,841           13,287   

BHP Billiton

    72,866           2,910   

BP

    1,105,252           8,056   

British Airways*

    100,733           430   

British American Tobacco

    215,227           8,301   

British Land (B)

    41,567           341   

British Sky Broadcasting Group

    126,962           1,463   

BT Group, Cl A

    964,468           2,730   

Bunzl

    2,237           25   

Burberry Group

    76,884           1,353   

Cairn Energy*

    1,095,563           7,204   
Description   Shares        Market Value
($ Thousands)
 
      

Cape

    73,690         $ 478   

Carnival

    425           20   

Centrica

    443,192           2,301   

Colt Group*

    3,703           8   

Compass Group

    69,464           632   

Davis Service Group (A)

    44,500           304   

Devro

    35,193           139   

Diageo

    116,836           2,168   

DS Smith

    44,990           142   

Essar Energy*

    5,946           54   

Eurasian Natural Resources

    52,218           857   

Firstgroup

    18,523           116   

Fresnillo

    29,515           771   

GlaxoSmithKline

    341,885           6,637   

Hammerson (B)

    69,039           451   

Hamworthy

    16,122           108   

Home Retail Group

    58,819           174   

HSBC Holdings

    1,159,426           11,857   

ICAP

    295,318           2,474   

IG Group Holdings

    83,046           663   

Imperial Tobacco Group

    114,999           3,543   

Intercontinental Hotels Group

    57,834           1,126   

Intermediate Capital Group

    47,178           246   

International Power

    240,026           1,645   

Intertek Group

    28,829           805   

Invensys

    93,526           519   

ITV

    872,813           957   

J Sainsbury

    121,938           718   

Johnson Matthey

    459           15   

Kingfisher

    3,146,575           12,976   

Land Securities Group (B)

    57,504           607   

Legal & General Group

    1,237,264           1,874   

Liberty International (B)

    76,424           500   

Lloyds Banking Group

    7,707,425           7,928   

London Stock Exchange Group

    11,502           151   

Man Group

    43,401           201   

Michael Page International

    259,313           2,253   

Next

    38,222           1,182   

Old Mutual

    693,189           1,336   

Pearson

    71,799           1,133   

Petrofac

    43,207           1,074   

Prudential

    674,299           7,052   

Reckitt Benckiser Group

    40,907           2,258   

Reed Elsevier

    599,537           5,083   

Rexam

    697,234           3,632   

Rio Tinto

    307,173           21,577   

Rio Tinto ADR

    73,400           5,260   

Rolls-Royce Group

    1,254,910           12,240   

Royal & Sun Alliance Insurance Group

    333,785           654   

Royal Bank of Scotland Group*

    5,236,362           3,203   

SABMiller

    64,712           2,286   

Sage Group

    1,383,061           5,920   

Schroders

    7,064           205   

Serco Group

    13,836           120   

Severn Trent

    41,503           960   

Shire

    85,382           2,063   

Smith & Nephew

    310,965           3,294   

Smiths Group

    51,921           1,012   

Standard Chartered

    41,626           1,125   

Standard Life

    137,932           466   

Tesco

    1,769,230           11,773   
 

 

7    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Equity Fund

December 31, 2010

 

Description  

Shares/Face

Amount
(Thousands)(1)

      

Market Value

($ Thousands)

 
      

Travis Perkins

    143,221         $ 2,372   

Tullett Prebon

    55,366           332   

Tullow Oil

    241,260           4,763   

Unilever

    71,284           2,191   

United Utilities Group

    86,596           803   

Vodafone Group

    12,583,091           32,664   

Weir Group

    17,425           486   

Whitbread

    17,869           501   

Willis Group Holdings

    143,300           4,962   

WPP (A)

    171,747           2,123   
            
         308,729   
            

United States — 0.5%

      

Advance America Cash Advance Centers

    35,103           198   

Calamos Asset Management, Cl A

    18,335           257   

Capital One Financial

    40,892           1,740   

Cardtronics*

    13,842           245   

Clearwater Paper*

    5,500           431   

ConocoPhillips

    5,821           396   

Eli Lilly

    137,610           4,822   

Glatfelter

    12,915           158   

Humana*

    6,086           333   

Magellan Health Services*

    4,580           217   

Providence Service*

    3,464           56   

RAIT Financial Trust (B)

    54,016           118   
            
         8,971   
            

Total Common Stock
(Cost $1,626,373) ($ Thousands)

   

       1,877,925   
            

PREFERRED STOCK — 0.6%

      

Brazil — 0.3%

      

Itau Unibanco Holding ADR

    245,000           5,882   
            

Germany — 0.3%

      

Bayerische Motoren Werke

    8,404           434   

Draegerwerk

    2,624           216   

Fresenius (A)

    8,514           732   

Henkel (A)

    27,076           1,685   

Porsche

    7,084           567   

ProSiebenSat.1 Media

    8,212           248   

Volkswagen (A)

    16,275           2,657   
            
         6,539   
            

Total Preferred Stock
(Cost $10,650) ($ Thousands)

   

       12,421   
            
    

Number Of

Warrants

           

WARRANT — 0.3%

      

India — 0.3%

      

Shriram Transport Finance, Expires 2014*

    278,164           4,830   
            

Total Warrant
(Cost $3,532) ($ Thousands)

   

       4,830   
            

U.S. TREASURY OBLIGATIONS — 0.1%

  

    

United States Treasury Bill

      

0.180%, 06/16/11 (F)

    350           350   

0.175%, 06/30/11 (F)

    982           981   
Description  

Face Amount
(Thousands)(1)

/ Shares

      

Market Value

($ Thousands)

 
      

0.156%, 06/09/11 (F)

  $ 1,203         $ 1,202   
            

Total U.S. Treasury Obligations
(Cost $2,533) ($ Thousands)

   

       2,533   
            

CASH EQUIVALENT — 1.6%

      

SEI Daily Income Trust, Prime
Obligation Fund, Cl A

   

    

0.100%**†

    31,901           31,901   
            

Total Cash Equivalent
(Cost $31,901) ($ Thousands)

   

       31,901   
            

AFFILIATED PARTNERSHIP — 10.7%

  

    

United States — 10.7%

  

SEI Liquidity Fund, L.P.,

      

0.210%**†(G)

    211,295,183           209,013   
            

Total Affiliated Partnership
(Cost $211,295) ($ Thousands)

   

       209,013   
            

Total Investments — 109.3%
(Cost $1,886,303) ($ Thousands)§

   

     $ 2,138,623   
            

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

 

Type of Contract   Number of
Contracts
Long (Short)
   

Expiration

Date

   

Unrealized

Appreciation

(Depreciation)

($ Thousands)

 

DJ Euro Stoxx 50 Index

    357        Mar-2011      $ (258

FTSE Index

    114        Mar-2011        94   

Hang Seng Index

    10        Jan-2011        14   

Nikkei 225 Index

    15        Mar-2011          

SPI 200 Index

    27        Mar-2011        (33

Topix Index

    78        Mar-2011        4   
           
      $ (179
           

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.

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

 

Investments in Securities   Level 1     Level 2     Level 3     Total  

Common Stock

    1,045,959        831,966               1,877,925   

Preferred Stock

    12,421                      12,421   

Warrant

           4,830               4,830   

U.S. Treasury Obligations

           2,533               2,533   

Cash Equivalent

    31,901                      31,901   

Affiliated Partnership

           209,013               209,013   
                               

Total Investments in Securities

  $ 1,090,281      $ 1,048,342      $      $ 2,138,623   
                               

 

Other Financial Instruments   Level 1     Level 2     Level 3     Total  

Futures Contracts*

  $ (179   $      $      $ (179
                               

Total Other Financial Instruments

  $ (179   $      $      $ (179
                               

 

*   Futures contracts are valued at the unrealized depreciation on the instrument.

For the three month period ended December 31, 2010, the transfers out of Level 1 and into Level 2 were $831,966 ($ Thousands) and the transfers out of Level 2 into Level 1 were $— ($ Thousands). The transfers related to the fair value of certain international securities.

 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Equity Fund

December 31, 2010

 

Percentages are based on a Net Assets of $1,956,789($ Thousands).

 

*   Non-income producing security

 

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

 

  Affiliated Security

 

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

 

(A)   This security or a partial position of this security is on loan at December 31, 2010. The total market value of securities on loan at December 31, 2010 was $201,621 ($ Thousands).

 

(B)   Real Estate Investments Trust

 

(C)   Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of December 31, 2010 was $831,966 ($ Thousands) and represented 42.5% of Net Assets.

 

(D)   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.

 

(E)   Securities considered illiquid. The total market value of such securities as of December 31, 2010 was $0 ($ Thousands) and represented 0.0% of Net Assets.

 

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

 

(G)   This security was purchased with cash collateral held from securities on loan The total value of such securities as of December 31, 2010 was $209,013 ($ Thousands).

 

§   At December 31, 2010, the tax basis cost of the Fund’s investments was $1,886,303 ($Thousands), and the unrealized appreciation and depreciation were $277,762 ($ Thousands) and ($25,442)($ Thousands) respectively.

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

L.P. — Limited Partnership

Ser — Series

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

For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.

 

 

9    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

COMMON STOCK — 89.8%

      

Argentina — 0.2%

      

Tenaris ADR (A)

    44,407         $ 2,175   
            

Australia — 0.1%

      

Centamin Egypt*

    341,200           955   
            

Brazil — 10.7%

      

Amil Participacoes

    60,200           646   

Banco Bradesco ADR

    153,683           3,118   

Banco do Brasil

    218,518           4,136   

Banco Santander Brasil ADR

    171,570           2,333   

BM&F Bovespa

    582,717           4,609   

BR Properties

    139,700           1,528   

Brasil Insurance Participacoes e Administracao*

    704           840   

Brasil Telecom ADR

    21,500           472   

Brasil Telecom

    16,680           154   

Centrais Eletricas Brasileiras

    47,380           635   

Cia de Saneamento de Minas Gerais

    93,700           1,620   

Cia Energetica de Minas Gerais ADR (A)

    39,879           662   

Cia Hering

    166,500           2,708   

Cia Siderurgica Nacional ADR (A)

    23,168           386   

Cielo

    421,053           3,412   

Cosan, Cl A

    38,153           520   

Cosan Industria e Comercio

    60,584           1,008   

Cyrela Brazil Realty

    208,267           2,741   

Diagnosticos da America

    165,666           2,245   

EDP - Energias do Brasil

    23,407           546   

Embraer ADR (A)

    11,980           352   

Empresa Brasileira de Aeronautica

    228,300           1,623   

Equatorial Energia

    8,050           55   

Eternit

    28,955           209   

Even Construtora e Incorporadora

    155,000           803   

Fibria Celulose ADR*

    130,062           2,081   

Fleury

    166,000           2,665   

Gerdau ADR (A)

    266,144           3,723   

Grendene

    170,222           956   

Hypermarcas*

    177,500           2,409   

JBS

    390,200           1,685   

Julio Simoes Logistica*

    212,300           1,426   

Light

    75,800           1,161   

M Dias Branco

    300           7   

Magnesita Refratarios*

    7,700           47   

MRV Engenharia e Participacoes

    301,532           2,836   

OGX Petroleo e Gas Participacoes*

    59,800           720   

PDG Realty Empreendimentos e Participacoes

    220,870           1,352   

Petroleo Brasileiro

    626,545           11,531   

Petroleo Brasileiro ADR

    91,080           3,446   

Porto Seguro

    131,755           2,246   

Raia*

    43,300           664   

Redecard

    135,400           1,717   

Redentor Energia*

    1,200           6   

SLC Agricola

    155,784           2,065   
Description   Shares        Market Value
($ Thousands)
 
      

Souza Cruz

    25,118         $ 1,368   

Sul America

    26,236           329   

Telegraph Norte Leste Participacoes ADR

    98,750           1,452   

Tim Participacoes ADR

    12,561           429   

Totvs

    59,555           6,063   

Ultrapar Participacoes ADR

    24,117           1,558   

Vale

    281,052           9,368   

Vale ADR, Cl B (A)

    130,256           4,503   

Vivo Participacoes ADR

    3,259           106   

Wilson Sons, Cl BDR, BDR

    62,371           1,202   
            
         106,482   
            

Canada — 0.9%

      

Bankers Petroleum*

    140,103           1,072   

Eldorado Gold

    36,044           671   

Equinox Minerals*

    58,985           363   

Pacific Rubiales Energy

    192,211           6,528   

SXR Uranium One

    79,000           378   
            
         9,012   
            

Chile — 0.8%

      

Banco Santander Chile ADR (A)

    13,500           1,262   

Cia Cervecerias Unidas ADR (A)

    9,900           597   

Empresa Nacional de Telecomunicaciones

    120,421           2,119   

Enersis ADR

    47,129           1,094   

Lan Airlines ADR (A)

    28,510           878   

Sociedad Quimica y Minera de Chile ADR (A)

    30,294           1,770   
            
         7,720   
            

China — 10.7%

      

AAC Acoustic Technologies Holdings

    578,180           1,543   

Agricultural Bank of China, Cl H*

    4,129,932           2,072   

AirMedia Group ADR*

    109,212           753   

Ajisen China Holdings

    1,662,127           2,792   

Asia Cement China Holdings

    1,664,500           814   

Baidu ADR*

    1,730           167   

Bank of China, Cl H

    8,754,394           4,617   

Bank of Communications, Cl H

    540,000           544   

Beijing Capital International Airport, Cl H

    2,924,000           1,561   

Bosideng International Holdings

    1,494,000           596   

BYD Electronic International

    2,303,000           1,215   

China Automation Group

    1,329,004           968   

China Coal Energy, Cl H

    1,338,000           2,089   

China Communications Services, Cl H

    1,062,000           632   

China Construction Bank, Cl H

    5,647,188           5,063   

China Dongxiang Group

    6,464,500           2,794   

China Information Technology* (A)

    126,534           659   

China Liansu Group Holdings*

    1,665,500           1,341   

China Life Insurance, Cl H

    14,361           59   

China Merchants Bank, Cl H

    666,431           1,682   

China National Materials

    1,930,438           1,557   

China Oilfield Services, Cl H

    414,000           897   

China Pacific Insurance Group, Cl H

    114,800           477   

China Petroleum & Chemical, Cl H

    616,000           590   
 

 

1    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

China Petroleum & Chemical ADR

    31,734         $ 3,037   

China Railway Construction, Cl H

    1,541,500           1,856   

China Railway Group, Cl H

    1,780,000           1,285   

China Rongsheng Heavy Industry Group*

    1,723,000           1,485   

China Shenhua Energy, Cl H

    571,500           2,397   

China Shineway Pharmaceutical Group

    397,935           1,142   

China South Locomotive and Rolling Stock

    1,200,515           1,578   

China Vanke, Cl B

    881,600           1,089   

Dongfeng Motor Group, Cl H

    638,120           1,100   

First Tractor, Cl H

    1,111,900           1,243   

Fosun International

    238,327           175   

Golden Eagle Retail Group

    132,622           327   

Great Wall Motor, Cl H (A)

    433,000           1,337   

Greentown China Holdings

    76,000           84   

Guangzhou Automobile Group, Cl H

    726,415           1,002   

Haitian International Holdings

    86,000           90   

Hidili Industry International Development

    2,526,366           2,135   

Huaneng Power International ADR

    19,440           416   

Huaneng Power International, Cl H (A)

    2,014,800           1,065   

Industrial & Commercial Bank of China, Cl H

    5,365,929           3,997   

Jiangling Motors, Cl B

    28,600           83   

Kingdee International Software Group

    2,841,980           1,594   

Lianhua Supermarket Holdings, Cl H

    123,509           590   

Lumena Resources (A)

    1,054,000           381   

Maanshan Iron & Steel, Cl H

    1,018,000           542   

Mindray Medical International ADR (A)

    67,817           1,790   

Netease.com ADR*

    36,779           1,330   

Noah Holdings ADR*

    30,823           603   

Parkson Retail Group

    680,402           1,049   

Peak Sport Products (A)

    705,000           462   

Perfect World ADR*

    31,580           747   

PetroChina, Cl H

    3,362,208           4,394   

PetroChina ADR (A)

    7,040           926   

Ping An Insurance Group of China, Cl H

    250,500           2,800   

Real Gold Mining*(A)

    371,500           647   

Renesola ADR*(A)

    40,510           354   

Renhe Commercial Holdings

    14,428,000           2,524   

Shanda Games ADR*

    6,270           40   

Sinotrans, Cl H

    3,128,000           857   

Soho China

    1,461,000           1,086   

SouFun Holdings ADR*(A)

    13,600           973   

SPG Land Holdings

    147,300           72   

Springland International Holdings*

    2,156,000           1,733   

Tencent Holdings

    85,704           1,862   

Tingyi Cayman Islands Holding

    998,000           2,555   

Travelsky Technology, Cl H

    1,569,353           1,639   

Tsingtao Brewery, Cl H

    82,000           429   

Want Want China Holdings

    89,000           78   

Weichai Power, Cl H

    295,800           1,821   
Description   Shares        Market Value
($ Thousands)
 
      

Weiqiao Textile, Cl H

    1,177,900         $ 1,188   

Xingda International Holdings

    13,000           14   

Yangzijiang Shipbuilding Holdings

    996,801           1,486   

Yanzhou Coal Mining, Cl H

    532,000           1,625   

Zhejiang Expressway, Cl H

    857,922           845   

Zhuzhou CSR Times Electric, Cl H

    1,118,000           4,394   

Zijin Mining Group, Cl H

    661,300           613   
            
         106,448   
            

Colombia — 0.2%

      

BanColombia ADR

    4,663           289   

Grupo de Inversiones Suramericana

    65,282           1,274   
            
         1,563   
            

Cyprus — 0.3%

      

Eurasia Drilling GDR

    104,934           3,410   
            

Czech Republic — 0.2%

      

Komercni Banka

    3,923           930   

Telefonica O2 Czech Republic

    42,000           857   
            
         1,787   
            

Egypt — 0.5%

      

Commercial International Bank

    248,586           2,027   

Egyptian Financial Group-Hermes Holding

    326,578           1,904   

Talaat Moustafa Group*(B)

    721,157           1,073   
            
         5,004   
            

Hong Kong — 5.7%

      

AIA Group*

    584,600           1,643   

Belle International Holdings

    699,000           1,182   

Chaoda Modern Agriculture (A)

    2,736,680           2,052   

China Green Holdings (A)

    1,238,598           1,216   

China High Precision Automation Group

    2,253,000           1,779   

China Merchants Holdings International

    254,000           1,003   

China Mobile

    1,415,361           14,056   

China Mobile ADR (A)

    23,630           1,172   

China Pharmaceutical Group

    1,316,000           735   

China Power International Development (A)

    4,608,200           943   

China Resources Power Holdings

    202,000           366   

China State Construction International Holdings

    2,227,820           2,104   

China Unicom

    864,812           1,237   

CNOOC

    2,360,238           5,599   

Comba Telecom Systems Holdings

    447,000           505   

Cosco International Holdings

    572,000           336   

COSCO Pacific

    202,015           352   

Geely Automobile Holdings

    4,421,896           1,934   

Global Bio-Chemical Technology Group (A)

    7,173,300           1,089   

GOME Electrical Appliances Holdings (A)(C)

    12,064,512           4,346   

GZI Real Estate Investment Trust (D)

    345,065           193   

GZI Transportation

    244,000           141   
 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

Huabao International Holdings

    2,826,334         $ 4,574   

Man Wah Holdings

    706,800           1,147   

Minth Group

    636,105           1,044   

NWS Holdings (A)

    741,438           1,125   

Shenzhen Investment

    848,000           296   

Sino Biopharmaceutical

    648,846           241   

Sinofert Holdings

    770,000           398   

Sinolink Worldwide Holdings

    1,610,532           234   

SJM Holdings

    497,000           789   

TPV Technology

    1,343,890           857   

Vinda International Holdings (A)

    553,000           611   

Xinyi Glass Holdings

    912,000           751   

Yingde Gases*

    1,170,231           1,040   
            
         57,090   
            

Hungary — 0.3%

      

Egis Gyogyszergyar

    1,778           172   

Magyar Telekom

    33,134           82   

MOL Hungarian Oil and Gas

    24,132           2,418   

Richter Gedeon

    1,544           317   
            
         2,989   
            

India — 6.1%

      

Allahabad Bank

    168,536           851   

Andhra Bank

    477,180           1,606   

Apollo Tyres

    186,163           278   

Bajaj Holdings and Investment

    3,923           77   

Bank

    10,693           152   

Bank of Baroda

    133,238           2,672   

Bank of India

    239,285           2,417   

BEML

    30,740           710   

Bharti Airtel

    319,470           2,563   

Cairn India*

    375,265           2,793   

Canara Bank

    95,008           1,403   

DEN Networks*

    227,501           920   

Eicher Motors

    50,422           1,393   

Escorts

    134,300           517   

Ess Dee Aluminium

    48,408           496   

Exide Industries

    360,910           1,347   

Glenmark Pharmaceuticals

    101,347           821   

Grasim Industries

    11,937           625   

Gujarat State Petronet

    345,200           911   

HCL Technologies

    28,045           286   

Hindalco Industries

    270,718           1,495   

Hindustan Petroleum

    18,060           158   

ICICI Bank ADR

    49,554           2,509   

India Cements

    1,442,200           3,483   

Indian Bank

    136,402           753   

Indian Overseas Bank

    170,885           560   

Industrial Development Bank of India

    119,985           443   

Jet Airways India

    5,387           92   

Jindal Saw

    31,536           129   

Jubilant Industries*

    2,762             

Jubilant Life Sciences

    195,150           1,219   

Mahanagar Telephone Nigam*

    507,220           624   

MOIL*

    3,526           35   

Nagarjuna Construction

    795,328           2,503   

NMDC

    169,340           1,055   

Oil & Natural Gas

    57,596           1,659   

Oriental Bank of Commerce

    115,310           1,045   

Patni Computer Systems

    116,612           1,243   
Description   Shares        Market Value
($ Thousands)
 
      

Power Finance

    292,935         $ 2,033   

Punjab National Bank

    40,792           1,115   

Reliance Industries

    131,680           3,118   

Reliance Infrastructure

    96,836           1,826   

Rolta India

    369,080           1,277   

Rural Electrification

    40,277           269   

State Bank of India

    27,550           1,732   

State Bank of India GDR (E)

    16,550           2,081   

Sun TV Network

    54,429           640   

Syndicate Bank

    140,540           403   

Tata Chemicals

    99,317           875   

Tata Motors

    32,878           962   

Triveni Engineering & Industries

    138,006           342   

Ultratech Cement

    3,611           88   

Union Bank of India

    23,238           180   

United Phosphorus

    232,450           899   

Welspun

    295,625           1,121   
            
         60,804   
            

Indonesia — 2.7%

      

Astra International

    767,798           4,640   

Bank Mandiri

    620,958           447   

Bank Negara Indonesia Persero

    5,528,163           2,372   

Bank Rakyat Indonesia

    2,658,876           3,093   

Charoen Pokphand Indonesia

    945,000           193   

Global Mediacom (B)(C)

    27,922,394           2,013   

Gudang Garam

    241,000           1,069   

Harum Energy*

    805,200           804   

Indika Energy (B)

    507,500           266   

Indo Tambangraya Megah (B)

    97,000           546   

Indofood CBP Sukses Makmur TBK*

    1,891,500           981   

Indosat (B)

    1,228,500           733   

International Nickel Indonesia (B)

    522,000           282   

Kalbe Farma

    4,162,500           1,499   

Medco Energi Internasional

    1,329,500           497   

Perusahaan Gas Negara

    4,871,948           2,390   

Semen Gresik Persero

    786,000           823   

Tambang Batubara Bukit Asam

    435,100           1,106   

Telekomunikasi Indonesia

    2,637,597           2,327   

United Tractors

    363,402           958   
            
         27,039   
            

Israel — 0.4%

      

Ceragon Networks*

    17,080           225   

Israel Chemicals

    124,769           2,141   

Teva Pharmaceutical Industries ADR

    29,264           1,526   
            
         3,892   
            

Kazakhstan — 0.9%

      

Halyk Savings Bank of Kazakhstan JSC GDR*

    357,278           3,591   

KazMunaiGas Exploration Production GDR

    169,666           3,364   

Zhaikmunai GDR*

    139,633           1,718   
            
         8,673   
            

Malaysia — 1.8%

      

AMMB Holdings

    29,200           67   

Axiata Group*(B)

    1,825,936           2,809   
 

 

3    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

British American Tobacco Malaysia

    4,700         $ 69   

Dialog Group (B)

    221,900           129   

Gamuda

    450,883           557   

Genting (B)

    660,546           2,393   

Genting Malaysia (B)

    1,822,340           2,003   

Hong Leong Bank

    276,532           825   

Hong Leong Financial Group

    70,500           203   

IOI (B)

    112,515           212   

KLCC Property Holdings (B)

    106,600           116   

Kuala Lumpur Kepong

    52,900           379   

Lafarge Malayan Cement

    120,300           299   

Malayan Banking

    874,567           2,410   

Malaysian Bulk Carriers

    223,712           205   

Multi-Purpose Holdings

    80,200           57   

Parkson Holdings

    30,199           53   

Petronas Chemicals Group*

    318,500           570   

Public Bank (B)

    213,303           901   

RHB Capital

    175,300           496   

Sime Darby (B)

    154,400           441   

TAN Chong Motor Holdings

    49,100           82   

Tenaga Nasional

    457,247           1,241   

Top Glove (B)

    1,100,970           1,777   
            
         18,294   
            

Mexico — 3.8%

      

Alfa, Cl A

    128,415           1,289   

America Movil, Ser L

    2,099,641           6,026   

America Movil ADR, Ser L

    22,282           1,278   

Bolsa Mexicana de Valores

    604,746           1,275   

Coca-Cola Femsa ADR

    803           66   

Consorcio ARA

    869,100           536   

Desarrolladora Homex ADR*(A)

    30,220           1,022   

Embotelladoras Arca

    53,674           261   

Fomento Economico Mexicano ADR

    33,074           1,849   

Genomma Lab Internacional, Cl B*

    1,710,286           4,157   

GEO*

    1,119,130           4,110   

Grupo Bimbo, Ser A

    106,463           910   

Grupo Carso, Ser A1

    49,870           317   

Grupo Comercial Chedraui*

    148,800           453   

Grupo Continental (C)

    323,651           924   

Grupo Financiero Banorte, Cl O

    1,084,653           5,162   

Grupo Mexico, Ser B

    71,700           296   

Grupo Simec, Cl B*

    58,590           155   

Grupo Televisa*

    436,143           2,252   

Grupo Televisa ADR*

    18,681           484   

Industrias, Cl B*

    86,800           339   

OHL Mexico*

    928,781           1,784   

Organizacion Soriana, Cl B

    97,713           313   

Telefonos de Mexico ADR, Ser L (A)

    34,507           557   

Urbi Desarrollos Urbanos*

    810,447           1,906   
            
         37,721   
            

Netherlands — 0.2%

      

VimpelCom ADR (A)

    127,850           1,923   
            
Description   Shares        Market Value
($ Thousands)
 
      

Nigeria — 0.1%

      

Guaranty Trust Bank

    11,681,556         $ 1,365   
            

Panama — 0.0%

      

Intergroup Financial*

    8,301           300   
            

Peru — 0.1%

      

Banco Continental

    71,331           196   

Sociedad Minera Cerro Verde SAA

    8,816           477   
            
         673   
            

Philippines — 0.8%

      

Bank of the Philippine Islands

    694,574           935   

Energy Development (B)

    8,006,228           1,071   

Filinvest Land

    9,589,000           286   

International Container Terminal Services

    2,403,804           2,464   

SM Investments (B)

    271,074           3,359   

SM Prime Holdings

    1,366,500           354   
            
         8,469   
            

Poland — 0.8%

      

Asseco Poland

    89,299           1,602   

Bank Handlowy w Warszawie

    19,176           607   

Bank Pekao

    9,020           547   

KGHM Polska Miedz

    29,462           1,725   

Polski Koncern Naftowy Orlen

    109,867           1,703   

Telekomunikacja Polska

    212,080           1,174   

Warsaw Stock Exchange*

    23,356           387   
            
         7,745   
            

Russia — 6.2%

      

Alliance Oil SDR*

    107,859           1,706   

Globaltrans Investment GDR

    184,290           3,133   

LSR Group GDR*

    179,219           1,651   

Lukoil ADR (A)

    153,655           8,789   

Magnit GDR

    91,271           2,674   

Magnitogorsk Iron & Steel Works GDR (A)

    222,157           3,232   

Mechel ADR (A)

    59,217           637   

MMC Norilsk Nickel ADR

    99,485           2,355   

Mobile Telesystems ADR

    123,033           2,568   

NovaTek OAO GDR

    3,595           429   

OAO Gazprom ADR

    424,822           10,727   

Pharmstandard GDR*

    47,154           1,344   

Rosneft Oil GDR

    582,612           4,171   

Sberbank GDR (A)

    13,323           5,728   

Sberbank of Russia GDR

    942           409   

Severstal GDR

    76,129           1,283   

Surgutneftegas ADR

    65,565           701   

Surgutneftegaz ADR

    5,770           61   

Tatneft ADR

    15,008           497   

TMK OAO GDR

    108,314           2,238   

Uralkali GDR

    52,059           1,912   

VTB Bank GDR

    397,898           2,622   

X5 Retail Group GDR*

    50,805           2,350   
            
         61,217   
            
 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

South Africa — 7.2%

      

ABSA Group

    165,408         $ 3,500   

Adcock Ingram Holdings

    14,590           132   

African Bank Investments

    343,782           2,014   

Anglo Platinum

    21,360           2,241   

AngloGold Ashanti ADR

    6,429           316   

ArcelorMittal South Africa

    77,147           924   

Aspen Pharmacare Holdings

    79,204           1,102   

Barloworld

    86,901           880   

Clicks Group

    399,303           2,616   

Exxaro Resources

    162,032           3,337   

FirstRand

    155,376           458   

Fountainhead Property Trust

    141,681           150   

Grindrod

    35,796           102   

Group Five

    713           4   

Harmony Gold Mining

    172,774           2,168   

Hyprop Investments

    1,479           13   

Impala Platinum Holdings

    167,901           5,912   

Imperial Holdings

    60,124           1,158   

Investec

    112,460           955   

JD Group

    141,850           1,244   

Kumba Iron Ore

    11,701           751   

Life Healthcare Group Holdings

    568,888           1,277   

MMI Holdings

    363,970           914   

Mondi

    256,670           2,087   

Mr Price Group

    224,564           2,257   

MTN Group

    573,208           11,647   

Murray & Roberts Holdings

    350,930           2,131   

Nampak

    57,922           201   

Naspers, Cl N

    36,408           2,135   

Nedbank Group

    90,780           1,789   

Netcare

    79,633           185   

Raubex Group

    400,457           1,413   

Redefine Properties

    200,433           242   

Remgro

    25,364           433   

Sanlam

    341,622           1,442   

Sappi

    156,437           804   

Sasol

    54,718           2,864   

Sasol ADR

    4,750           247   

Shoprite Holdings

    44,697           673   

Standard Bank Group

    394,009           6,405   

Telkom

    166,400           956   

Tiger Brands

    33,969           994   

Trans Hex Group*

    128             

Woolworths Holdings

    64,775           264   
            
         71,337   
            

South Korea — 11.5%

      

Cheil Jedang*(B)

    5,092           973   

Cheil Jedang

    8,280           575   

Daegu Bank

    40,470           555   

Daelim Industrial*

    10,501           1,086   

Daewoo Shipbuilding & Marine Engineering*

    70,140           2,241   

Daishin Securities

    23,278           339   

Daum Communications*

    8,266           561   

Dongbu Insurance

    72,671           2,877   

Dongkuk Steel Mill*

    21,053           650   

Doosan Heavy Industries and Construction*

    7,546           569   

Glovis*(B)

    2,002           262   
Description   Shares        Market Value
($ Thousands)
 
      

Grand Korea Leisure (B)

    84,290         $ 1,532   

Halla Climate Control*(B)

    31,910           562   

Hanwha Chemical*

    76,090           2,076   

Hite Brewery*(B)

    10,125           1,074   

Honam Petrochemical

    7,470           1,769   

Hyundai Department Store*

    3,781           465   

Hyundai Development*

    51,610           1,545   

Hyundai Marine & Fire Insurance (B)

    9,800           226   

Hyundai Mobis*

    21,336           5,342   

Hyundai Motor

    20,172           3,080   

Jinro*(B)

    16,320           509   

Kangwon Land*

    54,230           1,336   

KB Financial Group*(B)

    59,314           3,120   

KB Financial Group ADR

    510           27   

Korea Electric Power*

    44,310           1,179   

Korea Exchange Bank

    255,570           2,653   

Korea Investment Holdings

    4,430           174   

Korean Reinsurance (B)

    88,064           914   

KP Chemical*

    42,300           675   

KT

    8,579           348   

KT ADR (A)

    125,445           2,609   

KT&G*

    25,796           1,471   

LG*

    20,956           1,610   

LG Chemical

    4,200           1,446   

LG Electronics

    40,311           4,182   

LG Innotek*(B)

    6,021           709   

LG Philips LCD (B)

    38,928           1,361   

LG Telecom*

    201,874           1,274   

Lock & Lock*(B)

    8,920           283   

Lotte Chilsung Beverage*

    389           329   

Lotte Shopping*(B)

    1,736           723   

MegaStudy*(B)

    7,489           1,159   

NHN*

    3,051           609   

Nong Shim*

    9,602           1,721   

POSCO

    7,496           3,202   

POSCO ADR (A)

    4,510           486   

Pusan Bank*

    184,388           2,324   

Samsung Electronics

    35,403           29,566   

Samsung Engineering*

    15,908           2,689   

Samsung Fire & Marine Insurance

    8,122           1,607   

Shinhan Financial Group*

    114,187           5,310   

Shinsegae

    6,554           3,546   

SK Chemicals*

    296           16   

SK Telecom

    4,204           641   

SK Telecom ADR (A)

    95,670           1,782   

STX Offshore & Shipbuilding*(B)

    13,010           286   

Taewoong*

    17,513           724   

Tong Yang Life Insurance (B)

    133,410           1,367   

Yuhan*

    9,804           1,498   
            
         113,824   
            

Sweden — 0.1%

      

Oriflame Cosmetics (A)(B)

    15,481           815   
            

Taiwan — 10.5%

      

Acer

    566,117           1,749   

Asia Cement

    990,860           1,096   

Asustek Computer

    114,148           1,084   

AU Optronics ADR

    160,700           1,675   

AU Optronics

    386,000           401   

 

 

 

5    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

Catcher Technology

    117,000         $ 433   

Cathay Financial Holding

    1,030,310           1,827   

Chinatrust Financial Holding

    4,428,997           3,251   

Chunghwa Telecom

    612,570           1,557   

Compal Electronics

    199,195           264   

Delta Electronics

    468,000           2,287   

Eternal Chemical

    110,000           128   

Evergreen Marine Taiwan

    674,000           700   

Far Eastern New Century

    1,404,308           2,379   

Far EasTone Telecommunications

    133,000           193   

Farglory Land Development

    213,000           574   

First Financial Holding

    1,049,296           966   

Formosa Chemicals & Fibre

    268,000           903   

Formosa Taffeta

    88,000           86   

Fubon Financial Holding

    587,000           805   

High Tech Computer

    219,555           6,777   

Hon Hai Precision Industry

    1,345,899           5,424   

Hotai Motor

    27,000           83   

Huaku Development

    104,000           315   

Hung Poo Real Estate Development

    542,515           809   

Inventec

    11,200           6   

KGI Securities

    1,960,000           1,119   

Largan Precision

    16,754           417   

Lite-On Technology

    626,653           862   

Macronix International

    67,000           47   

MediaTek

    272,228           3,898   

Nan Ya Printed Circuit Board

    419,067           1,559   

Novatek Microelectronics

    142,550           460   

Pou Chen

    1,084,800           1,003   

Powertech Technology

    40,000           133   

President Chain Store

    328,000           1,513   

Prime View International

    2,167,679           4,394   

Quanta Computer

    1,121,000           2,353   

Radium Life Tech

    94,520           141   

Richtek Technology

    187,678           1,564   

Siliconware Precision Industries ADR (A)

    39,260           234   

Siliconware Precision Industries

    458,000           550   

Silitech Technology

    166,070           514   

Simplo Technology

    292,426           2,126   

Sincere Navigation

    224,000           271   

SinoPac Financial Holdings

    4,900,230           2,261   

Sinyi Realty

    168,000           372   

Soft-World International

    92,420           442   

Synnex Technology International

    949,783           2,564   

Taishin Financial Holding

    1,722,700           1,019   

Taiwan Fertilizer

    619,000           2,314   

Taiwan Hon Chuan Enterprise

    207,000           472   

Taiwan Semiconductor Manufacturing ADR

    36,210           454   

Taiwan Semiconductor Manufacturing

    5,408,409           13,170   

Tatung*

    4,694,000           1,269   

Teco Electric and Machinery

    617,000           413   

Transcend Information

    406,640           1,102   

Tripod Technology

    706,354           2,883   

TSRC

    194,000           449   

Tung Ho Steel Enterprise

    12,000           14   

TXC

    789,632           1,509   

U-Ming Marine Transport

    388,000           845   

Unimicron Technology

    429,000           836   
Description   Shares       

Market Value

($ Thousands)

 
      

United Microelectronics

    5,605,312         $ 3,134   

UPC Technology

    58,000           48   

Wintek

    535,000           919   

Wistron

    1,412,302           2,877   

WPG Holdings

    904,911           1,747   

Yageo

    742,000           365   

Young Fast Optoelectronics

    137,426           1,313   

Yuanta Financial Holding

    3,071,115           2,296   
            
         104,017   
            

Thailand — 2.1%

      

Bangkok Bank

    857,210           4,216   

Banpu

    37,061           973   

BEC World

    310,100           327   

Bumrungrad Hospital (B)

    844,247           888   

CalComp Electronics Thailand

    434,000           76   

Charoen Pokphand Foods

    1,295,300           1,060   

CP ALL (B)

    388,400           505   

CP Seven Eleven PCL (B)

    395,600           514   

Glow Energy (B)

    987,609           1,546   

Kasikornbank

    523,447           2,223   

Krung Thai Bank

    600,000           343   

PTT

    98,000           1,039   

PTT Exploration & Production (B)

    302,139           1,682   

Quality Houses (B)

    4,508,300           314   

Siam Cement

    21,046           238   

Siam Commercial Bank

    639,300           2,195   

Thai Airways International

    417,770           679   

Thai Oil (B)

    11,800           31   

Thai Union Frozen Products

    94,000           164   

Thanachart Capital

    1,621,554           1,935   
            
         20,948   
            

Turkey — 2.3%

      

Arcelik

    67,396           342   

Cimsa Cimento Sanayi VE Tica

    182,726           1,187   

Emlak Konut Gayrimenkul Yatirim Ortakligi*(D)

    954,701           1,228   

Ford Otomotiv Sanayi

    231,298           1,961   

Haci Omer Sabanci Holding

    63,364           296   

KOC Holding

    99,707           487   

Koza Anadolu Metal Madencilik Isletmeleri*

    112,552           338   

Selcuk Ecza Deposu Ticaret ve Sanayi A.S.

    91,063           153   

Sinpas Gayrimenkul Yatirim Ortakligi*(D)

    818,454           1,106   

Tofas Turk Otomobil Fabrikasi

    423,671           2,191   

Turk Ekonomi Bankasi

    976,486           1,415   

Turk Traktor ve Ziraat Makineleri

    34,840           532   

Turkcell Iletisim Hizmet ADR

    5,540           95   

Turkcell Iletisim Hizmet

    113,859           781   

Turkiye Garanti Bankasi

    717,867           3,648   

Turkiye Halk Bankasi

    125,693           1,070   

Turkiye Is Bankasi, Cl C

    689,416           2,464   

Turkiye Sinai Kalkinma Bankasi

    1,190,463           2,019   

Turkiye Sise ve Cam Fabrikalari*

    603,963           1,067   

Yazicilar Holding, Cl A

    48,803           427   
            
         22,807   
            

 

 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

December 31, 2010

 

Description   Shares        Market Value
($ Thousands)
 
      

United Arab Emirates — 0.0%

      

Lamprell

    51,476         $ 259   
            

United Kingdom — 1.1%

      

Afren*

    606,822           1,402   

African Barrick Gold

    196,000           1,875   

Antofagasta

    150,389           3,796   

BHP Billiton

    29,111           1,168   

Cairn Energy*

    213,993           1,407   

JKX Oil & Gas

    93,240           460   

Tullow Oil

    56,243           1,110   
            
         11,218   
            

United States — 0.5%

      

Millicom International Cellular

    32,814           3,137   

NII Holdings*

    30,708           1,371   
            
         4,508   
            

Total Common Stock
(Cost $725,821) ($ Thousands)

         892,483   
            

PREFERRED STOCK — 4.8%

      

Brazil — 4.8%

      

Banco do Estado do Rio Grande do Sul

    157,002           1,669   

Bradespar

    42,779           1,116   

Brasil Telecom

    108,782           786   

Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR (A)

    14,378           604   

Cia Brasileira de Distribuicao Grupo Pao de Acucar, Cl Preference

    8,428           352   

Cia de Bebidas das Americas ADR (A)

    119,285           3,701   

Cia de Tecidos do Norte de Minas - Coteminas

    155,332           505   

Cia Energetica de Minas Gerais

    173,165           2,786   

Confab Industrial

    64,336           237   

Eletropaulo Metropolitana Eletricidade de Sao Paulo

    32,341           626   

Gerdau

    16,500           225   

Investimentos Itau

    54,300           432   

Itau Unibanco Holding

    32,364           776   

Itau Unibanco Holding ADR (A)

    196,458           4,717   

Klabin

    269,019           948   

Metalurgica Gerdau, Cl A

    75,716           1,222   

Petroleo Brasileiro, Cl Preference

    185,142           3,044   

Petroleo Brasileiro Sponsored ADR, Cl A (A)

    246,213           8,413   

Randon Participacoes

    397,200           2,941   

Suzano Papel e Celulose

    109,068           971   

Telecomunicacoes de Sao Paulo

    28,966           733   

Telemar Norte Leste

    5,271           152   

Tim Participacoes

    597,200           1,982   

Usinas Siderurgicas de Minas Gerais

    99,882           1,153   

Vale ADR, Cl B (A)

    174,292           5,267   
Description  

Shares/Face

Amount
(Thousands)(1)

      

Market Value

($ Thousands)

 
      

Vale, Cl A

    78,331         $ 2,289   
            

Total Preferred Stock
(Cost $35,525) ($ Thousands)

         47,647   
            

EXCHANGE TRADED FUNDS — 1.7%

      

United States — 1.7%

      

iShares MSCI Emerging Markets

      

Index Fund

    353,514           16,834   

Vanguard Emerging Markets ETF

    13,181           635   
            

Total Exchange Traded Funds
(Cost $17,212) ($ Thousands)

         17,469   
            

DEBENTURE BOND — 0.0%

      

Brazil — 0.0%

      

Vale, Ser 1997

      

0.000%, 09/30/49 (F)

    8             
            

Total Debenture Bond
(Cost $0) ($ Thousands)

   

         
            

CASH EQUIVALENT — 2.0%

      

SEI Daily Income Trust, Prime Obligation Fund, Cl A

      

0.100%**†

    19,440           19,440   
            

Total Cash Equivalent
(Cost $19,440) ($ Thousands)

         19,440   
            

AFFILIATED PARTNERSHIP — 5.5%

      

United States — 5.5%

      

SEI Liquidity Fund, L.P.,

      

0.210%**†(G)

    55,861,644           54,837   
            

Total Affiliated Partnership
(Cost $55,862) ($ Thousands)

         54,837   
            

Total Investments — 103.8%
(Cost $853,860) ($ Thousands)§

       $ 1,031,876   
            

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

 

Investments in Securities   Level 1     Level 2     Level 3     Total  

Common Stock

  $ 707,452      $ 185,031      $      $ 892,483   

Preferred Stock

    47,647                      47,647   

Exchange Traded Funds

    17,469                      17,469   

Debenture Bond

                           

Cash Equivalent

    19,440                      19,440   

Affiliated Partnership

           54,837               54,837   
                               

Total Investments in Securities

  $ 792,008      $ 239,868      $      $ 1,031,876   
                               

For the three month period ended December 31, 2010, the transfers out of Level 1 and into Level 2 were $185,031 ($ Thousands) and the transfers out of Level 2 into Level 1 were $— ($ Thousands). The transfers related to the fair value of certain international securities.

 

 

7    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Equity Fund

December 31, 2010

 

Percentages are based on a Net Assets of $993,752($ Thousands).

 

*   Non-income producing security.

 

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

 

  Affiliated security.
(1)   In U.S. dollars unless otherwise indicated.
(A)   This security or a partial position of this security is on loan at December 31, 2010. The total market value of securities on loan at December 31, 2010 was $54,296 ($ Thousands).
(B)   Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of December 31, 2010 was $185,031 ($ Thousands) and represented 18.6% of Net Assets.
(C)   Securities considered illiquid. The total market value of such securities as of December 31, 2010 was $7,283 ($ Thousands) and represented 0.7% of Net Assets.
(D)   Real Estate Investments Trust.
(E)   Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” These securities have been determined to be liquid under guidelines established by the board of Trustees.
(F)   Variable Rate Security - The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2010.
(G)   This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2010 was $54,837 ($ Thousands).
§   At December 31, 2010, the tax basis cost of the Fund’s investments was $853,860 ($ Thousands), and the unrealized appreciation and depreciation were $194,457($ Thousands) and ($16,441)($ Thousands) respectively.

ADR — American Depositary Receipt

BDR — Brazilian Depositary Receipt

Cl — Class

ETF — Exchange Traded Fund

GDR — Global Depositary Receipt

L.P. — Limited Partnership

MSCI — Morgan Stanley Capital International

Ser — Series

SDR — Swedish Depository Receipt

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

For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.

 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

GLOBAL BONDS — 87.7%

      

Australia — 1.7%

      

Commonwealth Bank of Australia MTN

      

3.750%, 10/15/14 (A)

  USD 425         $ 441   

Fairfax Med

      

5.250%, 06/15/12

    250           345   

Government of Australia, Ser 122

      

5.250%, 03/15/19

    300           302   

Government of Australia, Ser 25CI

      

3.119%, 09/20/25

    640           700   

Macquarie Bank MTN

      

5.500%, 09/19/16 (B)

  GBP 211           322   

1.377%, 12/06/16 (B)

  EUR 350           441   

New South Wales Treasury

      

5.250%, 05/01/13

    980           1,003   

QBE Insurance Group MTN

      

6.125%, 09/28/15

  GBP 250           413   

Queensland Treasury

      

6.000%, 09/14/17

    1,630           1,686   

Suncorp-Metway MTN

      

4.000%, 01/16/14

  GBP 550           905   

Westpac Banking MTN

      

4.250%, 09/22/16

  EUR 350           486   

2.100%, 08/02/13

  USD 400           404   

WT Finance

      

3.625%, 06/27/12

  EUR 450           613   
            
         8,061   
            

Austria — 0.2%

      

Oesterreichische Kontrollbank MTN

      

3.625%, 12/10/13

    465           653   

Republic of Austria MTN

      

3.900%, 07/15/20

    75           104   

Republic of Austria, Ser 97-6

      

6.250%, 07/15/27

    225           394   
            
         1,151   
            

Belgium — 1.2%

      

Anheuser-Busch InBev

      

8.625%, 01/30/17

    200           341   

5.375%, 01/15/20

    450           488   

4.000%, 04/26/18

    300           406   

Dexia Credit Local

      

2.375%, 09/23/11 (A)

    500           505   

Dexia Funding

      

4.892%, 11/30/49 (B)

    200           142   

Fortis Bank

      

4.625%, 10/24/49 (B)

    400           451   

KBC Internationale Financieringsmaatschappij MTN

      

4.500%, 09/17/14

    350           472   

Kingdom of Belgium, Ser 48

      

4.000%, 03/28/22

    2,100           2,798   
            
         5,603   
            
Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

Bermuda — 0.0%

     

Fidelity International

     

6.875%, 02/24/17

     75       $ 105   
           

Brazil — 0.3%

     

Centrais Eletricas Brasileiras

     

6.875%, 07/30/19

   USD 150         170   

Federal Republic of Brazil

     

10.250%, 01/10/28

     370         229   

4.875%, 01/22/21

   USD 115         117   

Petrobras International Finance

     

5.750%, 01/20/20

   USD 650         674   

Vale Overseas

     

6.875%, 11/21/36

   USD 301         331   
           
        1,521   
           

Canada — 4.7%

     

Bank of Montreal MTN

     

4.250%, 01/23/13

   EUR 250         351   

Bell Canada MTN

     

5.000%, 02/15/17

     270         287   

Canadian Natural Resources

     

5.150%, 02/01/13

   USD 175         189   

Canadian Pacific Railway

     

6.500%, 05/15/18

   USD 99         113   

CDP Financial

     

4.400%, 11/25/19 (A)

   USD 850         864   

Export Development Canada MTN

     

2.375%, 03/19/12

   USD 800         817   

Government of Canada

     

5.750%, 06/01/33

     1,300         1,750   

5.000%, 06/01/14

     4,350         4,800   

5.000%, 06/01/37

     1,300         1,623   

4.500%, 06/01/15

     1,550         1,704   

4.250%, 12/01/21

     1,476         1,998   

4.000%, 06/01/16

     2,438         2,635   

3.750%, 06/01/12

     1,510         1,566   

3.500%, 06/01/13

     830         869   

3.500%, 06/01/20

     1,475         1,523   

Province of Quebec Canada

     

4.250%, 02/27/13

   EUR 450         634   

Royal Bank of Canada MTN

     

4.625%, 01/22/18

   EUR 252         363   

Teck Resources

     

6.000%, 08/15/40

     40         42   

Toronto-Dominion Bank

     

2.200%, 07/29/15 (A)

   USD 540         531   

YPG Holdings MTN

     

5.250%, 02/15/16

     179         177   
           
        22,836   
           

Chile — 0.1%

     

Nacional del Cobre de Chile

     

6.150%, 10/24/36 (A)

   USD 640         699   
           

Colombia — 0.2%

     

Ecopetrol

     

7.625%, 7/23/19 (A)

   USD 237         274   
 

 

1    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

Republic of Colombia

     

7.750%, 04/14/21

     707,000       $ 437   
           
        711   
           

Czech Republic — 0.1%

     

Government of Czech Republic, Ser 51

     

4.000%, 04/11/17

     5,450         301   
           

Denmark — 1.0%

     

Carlsberg Breweries

     

3.375%, 10/13/17

     300         387   

Danske Bank MTN

     

4.875%, 06/11/13

   EUR 150         215   

4.125%, 11/26/19

   EUR 290         403   

FIH Erhvervsbank

     

2.000%, 06/12/13 (A)

   USD 625         635   

Kingdom of Denmark

     

4.500%, 11/15/39

     1,300         280   

4.000%, 11/15/19

     4,425         860   

4.000%, 11/15/12

     5,416         1,024   

3.125%, 03/17/14

   EUR 500         700   

TDC

     

5.875%, 12/16/15

     350         508   
           
        5,012   
           

Finland — 0.2%

     

Government of Finland

     

4.375%, 07/04/19

     225         332   

3.875%, 09/15/17

     350         506   
           
        838   
           

France — 10.5%

     

Alstom

     

3.625%, 10/05/18

     400         507   

Arkema

     

4.000%, 10/25/17

     200         263   

AXA MTN

     

5.250%, 04/16/40 (B)

     600         718   

4.500%, 01/23/15

     100         140   

BNP Paribas

     

5.019%, 04/29/49 (B)

     1,150         1,319   

BPCE MTN

     

6.117%, 10/29/49 (B)

     100         104   

Caisse d’Amortissement de la Dette Sociale MTN

     

4.500%, 09/04/13

     2,600         3,749   

3.250%, 04/25/13

     550         768   

Caisse Refinancement de l’Habitat

     

4.250%, 10/25/14

     332         473   

Cie de Financement Foncier

     

4.625%, 09/23/17

     515         737   

4.500%, 01/09/13

     290         409   

2.500%, 09/16/15 (A)

     800         780   

Cie de Saint-Gobain MTN

     

6.000%, 05/20/13

     50         72   

Compagnie De St Gobain MTN

     

1.215%, 04/11/12 (B)

     350         465   

Credit Agricole MTN

     

7.875%, 10/29/49 (B)

     150         200   

0.493%, 03/13/16 (B)

     500         489   
Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Credit Agricole Covered Bonds MTN

      

3.500%, 07/21/14

    200         $ 278   

Credit Logement

      

4.604%, 03/29/49 (B)(C)

    350           372   

1.479%, 12/15/49 (B)(C)

    150           157   

EDF

      

6.500%, 01/26/19 (A)

    250           292   

4.000%, 11/12/25

    150           188   

Government of France

      

5.000%, 10/25/16

    350           532   

4.750%, 04/25/35

    2,305           3,504   

4.500%, 04/25/41

    800           1,186   

4.000%, 04/25/13

    700           1,000   

3.750%, 04/25/21

    2,300           3,186   

3.500%, 04/25/20

    1,215           1,652   

3.000%, 10/25/15

    5,200           7,227   

2.500%, 10/25/20

    8,150           10,148   

HSBC France MTN

      

4.875%, 01/15/14

    250           358   

Lafarge

      

8.750%, 05/30/17

  GBP 250           453   

6.150%, 07/15/11

    475           487   

Natixis MTN

      

1.279%, 01/26/17 (B)

    300           377   

Picard Bondco

      

9.000%, 10/01/18

    180           256   

RCI Banque MTN

      

4.375%, 01/27/15

    170           234   

Safran

      

4.000%, 11/26/14

    250           341   

Societe Financement de l’Economie Francaise

      

3.375%, 05/05/14 (A)

    905           953   

3.125%, 06/30/14

    575           799   

2.125%, 01/30/12 (A)

    2,430           2,467   

Societe Generale

      

8.875%, 06/29/49 (B)

    200           304   

7.756%, 05/22/13 (B)

    300           394   

1.202%, 06/07/17 (B)

    200           252   

0.499%, 10/20/16 (B)

    150           143   

Societe Generale Societe de Credit Fonciere MTN

      

4.000%, 07/07/16

    650           916   

Vivendi MTN

      

7.750%, 01/23/14

    250           381   
            
         50,030   
            

Germany — 12.5%

      

Allianz Finance II

      

6.125%, 05/31/22 (B)

    1,000           1,368   

Bayerische Landesbank MTN

      

4.500%, 02/07/19 (B)

    350           387   

2.750%, 01/23/12

    750           1,022   

Bundesrepublik Deutschland

      

3.000%, 07/04/20

    3,280           4,417   

Bundesrepublik Deutschland, Ser 00

      

5.500%, 01/04/31

    100           171   

Bundesrepublik Deutschland, Ser 02

      

5.000%, 01/04/12

    125           175   
 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

Bundesrepublik Deutschland, Ser 03

     

4.750%, 07/04/34

     1,460       $ 2,335   

Bundesrepublik Deutschland, Ser 04

     

3.750%, 01/04/15

     4,425         6,423   

Bundesrepublik Deutschland, Ser 05

     

3.500%, 01/04/16

     700         1,007   

Bundesrepublik Deutschland, Ser 06

     

3.750%, 01/04/17

     1,750         2,541   

Bundesrepublik Deutschland, Ser 07

     

4.250%, 07/04/39

     100         153   

Bundesrepublik Deutschland, Ser 08

     

4.750%, 07/04/40

     1,305         2,167   

4.250%, 07/04/18

     125         186   

Bundesrepublik Deutschland, Ser 09

     

3.250%, 01/04/20

     1,875         2,584   

Bundesrepublik Deutschland, Ser 98

     

5.625%, 01/04/28

     970         1,653   

Bundesschatzanweisungen

     

1.500%, 06/10/11

     5,800         7,814   

0.500%, 06/15/12

     9,150         12,241   

Commerzbank

     

5.625%, 11/29/17 (B)

     150         186   

2.750%, 01/13/12

     325         443   

Daimler MTN

     

3.000%, 07/19/13

     133         182   

Deutsche Postbank MTN

     

3.750%, 02/12/14

     800         1,132   

Deutsche Telekom International Finance MTN

     

6.500%, 04/08/22

   GBP 190         323   

Dexia Kommunalbank Deutschland MTN

     

3.500%, 06/05/14

     390         545   

E.ON International Finance

     

5.800%, 04/30/18 (A)

   USD 650         734   

Eurogrid GmbH MTN

     

3.875%, 10/22/20

     100         130   

HSH Nordbank MTN

     

2.750%, 01/20/12

     1,075         1,466   

Kreditanstalt fuer Wiederaufbau

     

5.375%, 01/29/14

   GBP 950         1,631   

4.375%, 10/11/13

     1,050         1,511   

3.875%, 01/21/19

     1,075         1,513   

3.375%, 08/30/17

   CHF 370         443   

Landesbank Berlin MTN

     

5.875%, 11/25/19

     300         391   

Landwirtschaftliche Rentenbank

     

3.250%, 03/12/14

     550         768   

Linde Finance

     

7.375%, 07/14/66 (B)

     300         442   

Munich

     

7.625%, 06/21/28

     285         498   

RWE Finance MTN

     

5.000%, 02/10/15

     500         730   
Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

Siemens Financieringsmat MTN

     

5.125%, 02/20/17

     250       $ 370   

Volkswagen MTN

     

5.625%, 02/09/12

     150         210   
           
        60,292   
           

Hong Kong — 0.1%

     

Hutchison Whampoa International 09

     

7.625%, 04/09/19

     255         305   
           

Ireland — 0.5%

     

Ardagh Glass Finance

     

7.125%, 06/15/17

     125         158   

Ardagh Glass Group

     

10.750%, 03/01/15

     291         394   

Bank of Ireland MTN

     

4.625%, 04/08/13

     400         441   

CRH Finance MTN

     

7.375%, 05/28/14

     280         415   

Freshwater Finance for LCH Clearnet

     

6.576%, 05/18/17 (B)

     150         142   

Smurfit Kappa Acquisitions

     

7.750%, 11/15/19 (A)

     170         239   

UT2 Funding

     

5.321%, 06/30/16 (C)

     390         385   

WPP MTN

     

6.625%, 05/12/16

     225         340   
           
        2,514   
           

Italy — 4.7%

     

A2A

     

4.500%, 11/02/16

     150         202   

Enel Finance International

     

5.125%, 10/07/19 (A)

   USD 150         149   

3.875%, 10/07/14 (A)

   USD 350         356   

Intesa Sanpaolo MTN

     

6.375%, 11/12/17 (B)

   GBP 300         458   

3.750%, 11/23/16

     400         520   

Italy Buoni Poliennali Del Tesoro

     

5.000%, 09/01/40

     1,375         1,733   

4.500%, 03/01/19

     400         535   

4.250%, 02/01/15

     1,750         2,403   

4.250%, 09/01/19

     1,400         1,834   

4.250%, 10/15/12

     1,360         1,868   

4.000%, 09/01/20

     8,180         10,392   

3.500%, 06/01/14

     1,100         1,480   

Telecom Italia Capital

     

6.175%, 06/18/14

   USD 300         319   

Unicredito Italiano MTN

     

4.500%, 09/22/19

     400         522   
           
        22,771   
           

Japan — 18.6%

     

Government of Japan 10 Year Bond

     

1.400%, 12/20/15

     690,000         8,916   

Government of Japan 10 Year Bond, Ser 284

     

1.700%, 12/20/16

     250,000         3,291   
 

 

3    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Government of Japan 10 Year Bond, Ser 288

      

1.700%, 09/20/17

    1,157,950         $ 15,256   

Government of Japan 10 Year Bond, Ser 298

      

1.300%, 12/20/18

    642,700           8,200   

Government of Japan 10 Year Bond, Ser 301

      

1.500%, 06/20/19

    235,300           3,037   

Government of Japan 10 Year Bond, Ser 308

      

1.300%, 06/20/20

    1,028,250           12,947   

Government of Japan 20 Year Bond, Ser 109

      

1.900%, 03/20/29

    39,000           487   

Government of Japan 20 Year Bond, Ser 112

      

2.100%, 06/20/29

    710,000           9,137   

Government of Japan 20 Year Bond, Ser 48

      

2.500%, 12/21/20

    489,450           6,800   

Government of Japan 20 Year Bond, Ser 99

      

2.100%, 12/20/27

    587,000           7,625   

Government of Japan 30 Year Bond, Ser 29

      

2.400%, 09/20/38

    103,250           1,387   

Government of Japan 30 Year Bond, Ser 30

      

2.300%, 03/20/39

    145,200           1,913   

Government of Japan 30 Year Bond, Ser 33

      

2.000%, 09/20/40

    117,000           1,446   

Government of Japan 5 Year Bond, Ser 63

      

1.200%, 03/20/12

    634,350           7,918   

Government of Japan 5 Year Bond, Ser 79

      

0.700%, 12/20/13

    51,300           641   

ORIX

      

4.710%, 04/27/15

  USD 326           330   

Sumitomo Mitsui Banking

      

4.000%, 11/09/20

  EUR 300           377   
            
         89,708   
            

Malaysia — 0.2%

      

Malaysia Government Bond

      

5.734%, 07/30/19

    900           329   

Petronas Capital

      

5.250%, 08/12/19 (A)

  USD 410           440   
            
         769   
            

Mexico — 0.6%

      

Mexican Bonos, Ser M10

      

7.750%, 12/14/17

    7,275           627   

Mexican Bonos, Ser MI10

      

9.500%, 12/18/14

    16,335           1,482   

9.000%, 12/20/12

    10,000           869   
            
         2,978   
            
Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Netherlands — 4.0%

      

ABN Amro Bank MTN

      

3.750%, 07/15/14

    750         $ 1,049   

0.489%, 01/17/17 (B)

  USD 950           803   

Aegon

      

4.750%, 06/01/13

  USD 250           262   

Boats Investments MTN

      

11.000%, 03/31/17

    346           399   

Government of Netherlands

      

4.500%, 07/15/17

    1,500           2,241   

4.000%, 07/15/18

    1,355           1,962   

4.000%, 07/15/16

    1,700           2,486   

4.000%, 01/15/37

    200           288   

3.500%, 07/15/20

    360           496   

3.250%, 07/15/15

    520           737   

ING Bank MTN

      

4.750%, 05/27/19

    800           1,151   

3.000%, 09/30/14

    125           170   

0.459%, 05/23/16 (B)

  USD 450           400   

ING Groep MTN

      

4.750%, 05/31/17

    500           689   

ING Verzekeringen

      

6.250%, 06/21/21 (B)

    1,310           1,573   

Koninklijke KPN

      

7.500%, 02/04/19

    150           245   

6.500%, 01/15/16

    180           277   

NIBC Bank MTN

      

3.500%, 04/07/14

    650           912   

OI European Group BV

      

6.875%, 03/31/17

    150           209   

Rabobank Nederland

      

4.125%, 04/04/12

    1,250           1,735   

4.125%, 07/14/25

    375           479   

SNS Bank MTN

      

2.875%, 01/30/12

    300           410   

Ziggo Bond

      

8.000%, 05/15/18

    130           180   
            
         19,153   
            

New Zealand — 0.5%

      

ANZ National International

      

6.200%, 07/19/13

  USD 450           495   

Government of New Zealand

      

6.000%, 12/15/17

    2,250           1,813   
            
         2,308   
            

Norway — 0.6%

      

DnB Bank MTN

      

4.500%, 05/29/14

  EUR 275           392   

1.228%, 05/30/17 (B)

  EUR 425           555   

DnB Boligkreditt

      

2.750%, 04/20/15

  EUR 625           842   

Government of Norway

      

4.500%, 05/22/19

    1,150           211   

MPU Offshore Lift

      

11.285%,

      

12/22/11 (C)(D)

    1,445           5   

Sevan Drilling

      

7.670%, 12/07/12 (B)

    2,000           354   

 

 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Yara International

      

7.875%, 06/11/19

    410         $ 489   
            
         2,848   
            

Poland — 0.5%

      

Poland Government Bond

      

4.506%, 01/25/13 (E)

    2,500           771   

Republic of Poland, Ser 1019

      

5.500%, 10/25/19

    5,185           1,702   

Republic of Poland

      

6.375%, 07/15/19

  USD 130           146   
            
         2,619   
            

Portugal — 0.1%

      

EDP Finance

      

5.375%, 11/02/12 (A)

  USD 425           431   

Obrigacoes do Tesouro

      

4.800%, 06/15/20

    210           244   
            
         675   
            

Russia — 0.6%

      

Gazprom MTN

      

9.625%, 03/01/13

  USD 470           533   

6.580%, 10/31/13

  GBP 150           250   

6.212%, 11/22/16 (A)

  USD 230           245   

RSHB Capital for Russian Agricultural Bank

      

7.750%, 05/29/18 (A)

  USD 715           774   

Steel Capital (Severstal)

      

9.750%, 07/29/13 (A)(C)

  USD 285           317   

TransCapit (Transneft) Registered

      

7.700%, 08/07/13

  USD 539           599   
            
         2,718   
            

Singapore — 0.7%

      

DBS Bank

      

0.504%, 05/16/17 (A)(B)

  USD 525           513   

Government of Singapore

      

4.000%, 09/01/18

    2,320           2,014   

3.500%, 03/01/27

    650           527   

Optus Finance Pty MTN

      

3.500%, 09/15/20

  EUR 200           255   
            
         3,309   
            

South Africa — 0.4%

      

Foodcorp Registered

      

8.875%, 06/15/12

  EUR 150           204   

Republic of South Africa, Ser R203

      

8.250%, 09/15/17

    11,860           1,821   
            
         2,025   
            

Spain — 1.4%

      

Government of Spain

      

4.750%, 07/30/14

    925           1,268   

4.700%, 07/30/41

    665           730   

4.600%, 07/30/19

    155           198   

4.000%, 04/30/20

    2,450           2,957   

3.300%, 10/31/14

    475           619   

Instituto de Credito Oficial

      

2.375%, 03/04/13 (A)

  USD 200           194   
Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Santander Issuances, Ser 24

      

7.300%, 07/27/19 (B)

  GBP 400         $ 599   

Telefonica Emisiones SAU MTN

      

4.375%, 02/02/16

    375           509   
            
         7,074   
            

Supra-National — 0.9%

      

European Investment Bank MTN

      

3.500%, 04/15/16

  EUR 1,975           2,762   

Inter-American Development Bank

      

9.750%, 05/15/15

  GBP 750           1,515   
            
         4,277   
            

Sweden — 2.0%

      

Kingdom of Sweden, Ser 1041

      

6.750%, 05/05/14

    11,895           2,010   

Kingdom of Sweden, Ser 1049

      

4.500%, 08/12/15

    5,050           810   

Kingdom of Sweden, Ser 1052

      

4.250%, 03/12/19

    2,000           320   

Kingdom of Sweden, Ser 3105

      

3.500%, 12/01/15

    10,840           2,182   

Kommuninvest I Sverige MTN

      

2.750%, 08/12/15

    5,300           770   

Nordea Bank MTN

      

4.500%, 05/12/14

  EUR 100           142   

0.502%, 06/09/16 (B)

  USD 500           492   

Stadshypotek MTN

      

3.750%, 12/12/13

  EUR 400           561   

Svenska Handelsbanken MTN

      

1.193%, 10/19/17 (B)

  EUR 800           1,042   

Swedbank MTN

      

7.375%, 06/26/18 (B)

  EUR 150           219   

3.125%, 03/04/13

  EUR 128           174   

3.125%, 02/02/12

  EUR 550           753   

Volvo Treasury

      

5.950%, 04/01/15

    145           158   
            
         9,633   
            

Switzerland — 0.9%

      

Credit Suisse MTN

      

6.125%, 05/16/14

  EUR 350           519   

4.750%, 08/05/19

  EUR 400           550   

2.875%, 09/24/15

  EUR 220           290   

Glencore Finance Europe MTN

      

7.125%, 04/23/15

  EUR 300           442   

5.250%, 03/22/17

  EUR 300           404   

Holcim US Finance Sarl & Cie SCS

      

6.000%, 12/30/19 (A)

  USD 25           26   

Novartis Finance MTN

      

4.250%, 06/15/16

  EUR 375           537   

Sunrise Communications International MTN

      

7.000%, 12/31/17 (A)

    230           322   

UBS MTN

      

6.625%, 04/11/18

  GBP 150           260   

6.250%, 09/03/13

  EUR 200           293   

5.875%, 12/20/17

  USD 575           632   

5.625%, 05/19/14

  EUR 200           291   
            
         4,566   
            
 

 

5    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

United Kingdom — 11.3%

      

3i Group MTN

      

5.625%, 03/17/17

  EUR 150         $ 204   

1.228%, 06/08/12 (B)

  EUR 350           455   

Abbey National Treasury Services MTN

      

4.250%, 04/12/21

  EUR 850           1,104   

Anglian Water Services Financing, Ser A5 MTN

      

6.293%, 07/30/30

    500           865   

Aviva MTN

      

0.631%, 06/19/17 (B)

  USD 475           434   

BAA Funding MTN

      

4.125%, 10/12/16

    200           264   

Bank of Scotland MTN

      

4.750%, 06/08/22

  EUR 650           871   

Barclays Bank MTN

      

14.000%, 06/15/19 (B)

    100           187   

6.750%, 05/22/19

  USD 225           254   

6.750%, 01/16/23 (B)

    350           563   

5.125%, 01/08/20

    150           153   

5.000%, 09/22/16

  USD 705           746   

4.500%, 03/04/19 (B)

  EUR 125           163   

Barclays Bank, Ser E MTN

      

4.875%, 12/29/49 (B)

  EUR 200           209   

BAT International Finance MTN

      

7.250%, 03/12/24

    250           460   

5.375%, 06/29/17

  EUR 425           626   

BG Energy Capital MTN

      

3.375%, 07/15/13

  EUR 200           276   

Bishopsgate Asset Finance

      

4.808%, 08/14/44

    200           252   

BP Capital Markets MTN

      

4.750%, 03/10/19

  USD 10           10   

4.500%, 10/01/20

  USD 252           251   

3.100%, 10/07/14

    120           163   

British American Tobacco Holdings MTN

      

4.000%, 07/07/20

    100           132   

British Telecommunications MTN

      

8.750%, 12/07/16

    165           308   

5.750%, 12/07/28

    111           165   

Daily Mail & General Trust

      

5.750%, 12/07/18

    350           521   

EDF Energy Networks EPN MTN

      

6.000%, 11/12/36

    160           270   

ENW Finance MTN

      

6.125%, 07/21/21

    350           602   

First Hydro Finance

      

9.000%, 07/31/21

    220           400   

HSBC Bank

      

3.500%, 06/28/15 (A)

  USD 120           123   

HSBC Holdings MTN

      

9.875%, 04/08/18 (B)

    80           141   

6.500%, 05/20/24

    250           428   

0.491%, 10/06/16 (B)

  USD 625           600   

Imperial Tobacco Finance MTN

      

8.375%, 02/17/16

  EUR 450           736   

7.750%, 06/24/19

    600           1,112   

7.250%, 09/15/14

  EUR 150           230   
Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Ineo’s Group Holdings

      

7.875%, 02/15/16

  EUR 111         $ 133   

Inmarsat Finance

      

7.375%, 12/01/17 (A)

    115           121   

Intercontinental Hotels Group MTN

      

6.000%, 12/09/16

    150           245   

Legal & General Group MTN

      

4.000%, 06/08/25 (B)

  EUR 200           243   

Lloyds TSB Bank MTN

      

6.375%, 04/15/14

    725           1,201   

6.250%, 04/15/14

  EUR 150           215   

Marks & Spencer MTN

      

6.125%, 12/02/19

    100           165   

5.625%, 03/24/14

    150           248   

Motability Operations Group MTN

      

3.750%, 11/29/17

    300           398   

National Express Group

      

6.250%, 01/13/17

    150           246   

National Westminster Bank

      

6.500%, 09/07/21

    220           314   

Northern Rock

      

5.625%, 06/22/17 (A)

  USD 1,750           1,778   

Northumbrian Water Finance

      

6.000%, 10/11/17

    500           868   

Old Mutual MTN

      

7.125%, 10/19/16

    250           422   

4.500%, 01/18/17 (B)(C)

  EUR 600           763   

OTE MTN

      

5.375%, 02/14/11

  EUR 375           504   

Rexam MTN

      

4.375%, 03/15/13

  EUR 170           236   

Rolls-Royce

      

6.750%, 04/30/19

    100           179   

Royal Bank of Scotland MTN

      

6.934%, 04/09/18

  EUR 300           381   

5.750%, 05/21/14

  EUR 250           350   

Scottish & Southern Energy MTN

      

5.750%, 02/05/14

    245           415   

Severn Trent Utilities Finance

      

6.250%, 06/07/29

    350           615   

Standard Chartered Bank MTN

      

6.400%, 09/26/17

  USD 250           266   

6.400%, 09/26/17 (A)

  USD 175           187   

5.875%, 09/26/17

  EUR 350           490   

1.179%, 03/28/18 (B)

  EUR 250           313   

Tesco

      

6.125%, 02/24/22

    100           171   

6.052%, 10/13/39

    347           587   

Thames Water Utilities Cayman Finance MTN

      

6.125%, 02/04/13

  EUR 200           288   

 

 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

United Kingdom Treasury

     

4.750%, 12/07/30

     800       $ 1,357   

4.750%, 03/07/20

     900         1,558   

4.750%, 12/07/38

     3,115         5,330   

4.500%, 03/07/19

     2,700         4,618   

4.500%, 12/07/42

     335         553   

4.250%, 09/07/39

     1,305         2,063   

4.250%, 06/07/32

     1,460         2,315   

4.250%, 03/07/36

     375         591   

4.250%, 12/07/49

     85         136   

4.000%, 09/07/16

     2,565         4,329   

2.750%, 01/22/15

     1,000         1,609   

2.250%, 03/07/14

     370         591   

2.000%, 01/22/16

     330         507   

United Kingdom Treasury, Ser 2002-

     

5.000%, 09/07/14

     240         418   

Virgin Media Secured Finance

     

7.000%, 01/15/18

     100         166   

Vodafone Group MTN

     

5.900%, 11/26/32

     176         292   

Wales & West Utilities Finance MTN

     

6.750%, 12/17/36 (B)

     200         333   

Western Power Distribution South West

     

5.750%, 03/23/40

     200         325   

Yorkshire Power Finance

     

7.250%, 08/04/28

     208         382   

Yorkshire Water Services Bradford Finance

     

6.375%, 08/19/39

     100         180   
           
        54,273   
           

United States — 6.4%

     

AES

     

7.750%, 10/15/15

     55         59   

Altria Group

     

9.250%, 08/06/19

     550         718   

American Express Credit MTN

     

5.375%, 10/01/14

   GBP 100         163   

American Honda Finance

     

6.250%, 07/16/13

     250         368   

Antero Resources Finance

     

9.375%, 12/01/17

     46         48   

AT&T

     

5.875%, 04/28/17

   GBP 200         342   

5.600%, 05/15/18

     415         463   

BA Covered Bond Issuer MTN

     

4.125%, 04/05/12

   EUR 3,100         4,254   

Bank of America MTN

     

5.650%, 05/01/18

     350         358   

4.750%, 05/06/19 (B)

   EUR 250         302   

Cablevision Systems, Ser B

     

8.000%, 04/15/12

     235         246   

Cellco Partnership

     

3.750%, 05/20/11

     650         658   

Citigroup

     

5.500%, 04/11/13

     500         532   

4.250%, 02/25/30 (B)

   EUR 1,350         1,422   
Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

Comcast Cable Communications Holdings

     

9.455%, 11/15/22

     340       $ 470   

Commerzbank Capital Funding Trust

     

5.012%, 03/29/49

   EUR 200         158   

Computer Sciences

     

5.500%, 03/15/13 (A)

     305         326   

Countrywide Financial MTN

     

5.800%, 06/07/12

     507         533   

Countrywide Home Loan, Ser L MTN

     

4.000%, 03/22/11

     9         9   

Dow Chemical

     

8.550%, 05/15/19

     288         361   

Duke Energy

     

6.300%, 02/01/14

     375         418   

Dynegy Holdings

     

8.375%, 05/01/16

     230         172   

Ford Motor

     

7.450%, 07/16/31

     160         171   

GE Capital UK Funding MTN

     

4.125%, 09/28/17

   GBP 110         172   

General Electric Capital MTN

     

5.900%, 05/13/14

     300         332   

5.625%, 05/01/18

     300         328   

5.500%, 01/08/20

     305         326   

3.750%, 11/14/14

     375         388   

Genworth Financial

     

1.600%, 06/20/11

   JPY 53,000         645   

Goldman Sachs Group

     

6.375%, 05/02/18

   EUR 400         576   

4.375%, 03/16/17

   EUR 200         261   

1.347%, 02/04/13 (B)

   EUR 450         587   

Hartford Life Institutional Funding MTN

     

5.375%, 01/17/12

   GBP 200         318   

Hertz

     

8.875%, 01/01/14

     221         226   

HSBC Finance MTN

     

7.000%, 03/27/12

   GBP 285         468   

HVB Funding Trust VIII

     

7.055%, 03/29/49 (B)

     200         258   

Ingersoll-Rand Global Holding

     

9.500%, 04/15/14

     213         257   

International Paper

     

7.950%, 06/15/18

     260         309   

JPMorgan Chase

     

4.400%, 07/22/20

     100         98   

1.372%, 10/12/15 (B)

   EUR 350         435   

JPMorgan Chase Bank

     

4.625%, 05/31/17 (B)

   EUR 250         338   

Key Bank MTN

     

1.220%, 02/09/12 (B)

   EUR 570         734   

1.166%, 11/21/11 (B)

   EUR 50         66   

Merrill Lynch MTN

     

1.428%, 09/14/18 (B)

   EUR 375         393   

Metropolitan Life Global Funding I MTN

     

4.625%, 05/16/17

   EUR 1,200         1,650   

 

 

 

7    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Morgan Stanley MTN

      

5.375%, 08/10/20

  EUR 350         $ 452   

3.750%, 03/01/13

  EUR 1,000           1,353   

Nabors Industries

      

9.250%, 01/15/19

    275           341   

News America

      

6.900%, 03/01/19

    300           359   

Noble Holding International

      

4.900%, 08/01/20

    25           26   

Owens Corning

      

6.500%, 12/01/16

    420           445   

PNC Funding

      

5.125%, 02/08/20

    300           313   

Pregis

      

5.993%, 04/15/13

    50           61   

Qwest

      

7.625%, 06/15/15

    260           293   

Reynolds American

      

7.625%, 06/01/16

    377           438   

7.300%, 07/15/15

    195           221   

Ryder System

      

5.850%, 11/01/16

    116           127   

Tesoro

      

6.500%, 06/01/17

    280           281   

Toyota Motor Credit Corp

      

5.250%, 02/03/12

    250           349   

Tyco International Group

      

6.000%, 11/15/13

    331           367   

United Health Group

      

6.000%, 02/15/18

    135           153   

US Bank MTN

      

4.375%, 02/28/17 (B)

  EUR 900           1,182   

Wal-Mart Stores

      

4.875%, 01/19/39

  GBP 238           357   

Weatherford International

      

9.625%, 03/01/19

    275           353   

Wellpoint

      

5.875%, 06/15/17

    40           45   

Western Union

      

5.930%, 10/01/16

    475           532   

Williams Partners

      

5.250%, 03/15/20

    298           309   

Windstream

      

8.625%, 08/01/16

    220           231   

WM Covered Bond Program MTN

      

3.875%, 09/27/11

  EUR 250           340   

Wyndham Worldwide

      

6.000%, 12/01/16

    242           253   
            
         30,897   
            

Total Global Bonds
(Cost $412,167) ($ Thousands)

         422,580   
            

MORTGAGE-BACKED SECURITIES — 3.7%

  

Non-Agency Mortgage-Backed Obligation — 3.7%

  

Arkle Master Issuer, Ser 2006-1X, Cl 5M1

      

1.318%, 02/17/52 (C)

    150           194   

Arran Residential Mortgages Funding, Ser 2006-1X, Cl BC

      

1.112%, 04/12/56 (B)(C)

  EUR 432           573   
Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

Banc of America Commercial Mortgage, Ser 2007-5, Cl A4

     

5.492%, 02/10/51

     1,200       $ 1,255   

Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-6, Cl 3A

     

5.431%, 09/25/34 (B)

     300         296   

Bear Stearns Commercial Mortgage, Ser 2004-PWR3, Cl A4

     

4.715%, 02/11/41

     380         401   

Bear Stearns Commercial Mortgage, Ser 2004-PWR6, Cl A6

     

4.825%, 11/11/41

     575         610   

Bear Stearns Commercial Mortgage, Ser 2006-PW11, Cl A4

     

5.623%, 03/11/39 (B)

     600         649   

Canary Wharf Finance, Ser II, Cl C2

     

1.287%, 10/22/37 (B)(C)

     200         188   

Citigroup Commercial Mortgage Trust, Ser 2007-C6, Cl A4

     

5.884%, 12/10/49 (B)

     1,140         1,219   

Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4

     

6.293%, 12/10/49 (B)

     405         435   

Citigroup Mortgage Loan Trust, Ser 2005-2, Cl 1A4

     

5.110%, 05/25/35 (B)

     1,396         1,323   

Commercial Mortgage Asset Trust, Ser 1999-C1, Cl A3

     

6.640%, 01/17/32

     146         146   

Credit Suisse Mortgage Capital Certificates, Ser 2006-C5, Cl A3

     

5.311%, 12/15/39

     1,215         1,266   

Eddystone Finance, Ser 2006-1, Cl B

     

1.117%, 04/19/21 (B)(C)

     100         138   

Eddystone Finance, Ser 2006-1, Cl A

     

0.947%, 04/19/21

     150         207   

Gracechurch Mortgage Financing, Ser 2006-1, Cl C3

     

1.311%, 11/20/56 (B)(C)

   EUR 250         328   

Gracechurch Mortgage Financing, Ser 2007-1X, Cl 3A2

     

1.141%, 11/20/56 (B)

     1,782         2,354   

Granite Master Issuer, Ser 2005-1, Cl A5

     

1.014%, 12/20/54 (C)

   EUR 279         348   

Granite Master Issuer, Ser 2006-2, Cl A5

     

0.934%, 12/20/54 (B)(C)

   EUR 551         686   

GSR Mortgage Loan Trust, Ser 2005-AR1, Cl 4A1

     

5.134%, 01/25/35 (B)

     421         428   

 

 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

Holmes Master Issuer, Ser 2007- 1, Cl 3C2

     

1.405%, 07/15/40 (B)(C)

   EUR 150       $ 201   

Immeo Residential Finance, Ser 2, Cl A

     

1.039%, 12/15/16 (B)

     356         416   

JP Morgan Chase Commercial Mortgage Securities, Ser 2007- CB18, Cl A4

     

5.440%, 06/12/47

     880         922   

JP Morgan Mortgage Trust, Ser 2004-A5, Cl 3A1

     

5.309%, 12/25/34 (B)

     369         356   

London and Regional Debt Securitisation, Ser 1, Cl A

     

0.950%, 10/15/14 (B)(C)

     150         218   

Merrill Lynch Mortgage Trust, Ser 2005-LC1, Cl A4

     

5.291%, 01/12/44 (B)

     420         451   

Silverstone, Ser 2009-1, Cl A2

     

2.187%, 01/21/55

     300         471   

Storm, Ser 2006-1, Cl A2

     

1.126%, 04/22/48 (B)

     1,190         1,561   

Talisman Finance, Ser 7, Cl H

     

3.266%, 04/22/17 (B)

     485         65   
           

Total Mortgage-Backed Securities
(Cost $18,522) ($ Thousands)

        17,705   
           

CORPORATE OBLIGATIONS — 2.8%

     

United States — 2.8%

     

AES

     

7.750%, 03/01/14

     110         117   

Alcoa

     

6.150%, 08/15/20

     225         231   

American Tower

     

5.050%, 09/01/20

     315         310   

Anadarko Petroleum

     

6.375%, 09/15/17

     455         496   

Bank of America

     

5.875%, 01/05/21

     130         134   

CCO Holdings

     

8.125%, 04/30/20 (A)

     90         95   

CIGNA

     

5.125%, 06/15/20

     154         160   

Citigroup

     

4.750%, 05/19/15

     240         251   

CMS Energy

     

8.750%, 06/15/19

     225         265   

Dominion Resources

     

6.400%, 06/15/18

     400         465   

Duke Realty

     

6.750%, 03/15/20 (F)

     140         152   

Embarq

     

7.082%, 06/01/16

     448         495   

Equities

     

8.125%, 06/01/19

     285         332   

Goldman Sachs Group

     

6.000%, 06/15/20

     45         49   
Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

Hess

     

8.125%, 02/15/19

     141       $ 178   

Humana

     

7.200%, 06/15/18

     280         316   

6.450%, 06/01/16

     40         44   

6.300%, 08/01/18

     50         54   

Jefferies Group

     

6.875%, 04/15/21

     154         160   

Kinder Morgan Energy Partners

     

6.550%, 09/15/40

     255         268   

Limited Brands

     

5.250%, 11/01/14

     315         326   

Lincoln National

     

8.750%, 07/01/19

     128         160   

McGraw-Hill

     

5.900%, 11/15/17

     325         352   

McKesson

     

5.250%, 03/01/13

     440         473   

Mirant Americas Generation

     

8.500%, 10/01/21

     399         399   

Mohawk Industries

     

6.625%, 01/15/16

     375         402   

Morgan Stanley

     

3.450%, 11/02/15

     225         219   

Motiva Enterprises

     

5.750%, 01/15/20 (A)

     400         449   

Motorola

     

7.500%, 05/15/25

     85         92   

6.500%, 09/01/25

     531         546   

NBC Universal

     

5.150%, 04/30/20 (A)

     200         207   

Nisource Finance

     

6.800%, 01/15/19

     235         272   

Nissan Motor

     

3.250%, 01/30/13 (A)

     430         439   

NRG Energy

     

7.375%, 02/01/16

     225         231   

Principal Financial Group

     

7.875%, 05/15/14

     290         334   

Progress Energy

     

6.050%, 03/15/14

     160         178   

RRI Energy

     

7.875%, 06/15/17

     225         218   

Ryder System

     

7.200%, 09/01/15

     108         124   

SLM MTN

     

5.050%, 11/14/14

     600         573   

Time Warner Cable

     

7.500%, 04/01/14

     385         442   

Union Bank MTN

     

5.950%, 05/11/16

     392         417   

Union Electric

     

6.700%, 02/01/19

     45         52   

United States Steel

     

6.050%, 06/01/17

     300         296   

Valero Energy

     

9.375%, 03/15/19

     345         428   

Viacom

     

5.625%, 09/15/19

     325         361   

Wachovia Capital Trust III

     

5.800%, 12/31/49 (B)

     385         334   
 

 

9    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

Wal-Mart Stores

     

5.000%, 10/25/40

     145       $ 141   

Wellpoint

     

7.000%, 02/15/19

     90         106   

WellPoint

     

4.350%, 08/15/20

     145         144   

Whirlpool MTN

     

8.600%, 05/01/14

     298         344   

Williams

     

7.875%, 09/01/21

     82         97   
           

Total Corporate Obligations
(Cost $12,973) ($ Thousands)

        13,728   
           

U.S. TREASURY OBLIGATIONS — 2.0%

  

U.S. Treasury Bonds

     

4.375%, 11/15/39 to 05/15/40

     225         226   

3.875%, 08/15/40

     1,290         1,188   

3.500%, 02/15/39

     75         65   

U.S. Treasury Notes

     

4.750%, 01/31/12

     325         340   

4.500%, 11/15/15

     1,100         1,231   

3.500%, 05/15/20

     2,200         2,254   

2.000%, 11/30/13

     4,300         4,428   
           

Total U.S. Treasury Obligations
(Cost $9,722) ($ Thousands)

        9,732   
           

ASSET-BACKED SECURITIES — 1.7%

     

Automotive — 0.5%

     

Auto Compartiment, Ser 2006-1, Cl B

     

1.275%, 07/25/17 (B)

     500         649   

Auto Compartiment, Ser 2007-1, Cl A

     

1.145%, 02/25/19 (B)

     590         783   

FTA Santander Auto, Ser 2005-1, Cl A

     

1.094%, 11/25/21 (B)

     80         106   

Hyundai Auto Receivables Trust, Ser 2009-A, Cl A2

     

1.110%, 02/15/12

     338         338   

Santander Consumer Finance, Ser 2007-1, Cl A

     

1.029%, 09/20/22 (C)

     163         206   
           
        2,082   
           

Credit Card — 0.5%

     

Citibank Credit Card Issuance Trust, Ser A4, Cl A4

     

5.375%, 04/11/11

   EUR 1,900         2,568   
           

Mortgage Related Securities — 0.2%

  

Countrywide Asset-Backed Certificates, Ser 2007-2, Cl 2A1

     

0.303%, 08/25/37 (B)

     632         610   

Soundview Home Equity Loan Trust, Ser 2007-NS1, Cl A1

     

0.373%, 01/25/37 (B)

     449         439   
           
        1,049   
           
Description    Face Amount(1)
(Thousands)
     Market Value
($ Thousands)
 
     

Non-Agency Mortgage-Backed Obligation — 0.0%

  

Skyline, Ser 2007-1, Cl D

     

1.826%, 07/22/43 (B)(C)

     200       $ 171   
           

Other Asset-Backed Securities — 0.5%

     

Amstel Corporate Loan Offering, Ser 2007-1, Cl A2

     

1.058%, 03/25/17 (B)(C)

     917         1,169   

Lambda Finance, Ser 2005-1X, Cl A2

     

1.288%, 11/15/29 (B)(C)

     299         392   

SLM Student Loan Trust, Ser 2008-5, Cl A4

     

1.388%, 10/25/16

     754         764   
           
        2,325   
           

Total Asset-Backed Securities
(Cost $8,018) ($ Thousands)

        8,195   
           

Total Investments — 97.9%
(Cost $461,402) ($ Thousands)§

      $ 471,940   
           

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

 

Settlement Date      Currency to Deliver
(Thousands)
       Currency to Receive
(Thousands)
       Unrealized
Appreciation
(Depreciation)
($ Thousands)
 

1/4/11-2/2/11

     BRL 754         USD 438         $ (15

1/6/11-3/16/11

     EUR 270,951         USD 359,620           (3,848

1/6/11-3/16/11

     USD 147,785         EUR 111,476           1,743   

1/7/11-3/16/11

     CAD 25,608         USD 25,229           (532

1/7/11-3/16/11

     GBP 70,527         USD 110,071           (312

1/7/11-3/16/11

     JPY 10,669,195         USD 129,084           (2,514

1/7/11-3/16/11

     MXP 46,206         USD 3,707           (32

1/7/11-3/16/11

     NOK 7,685         USD 1,275           (45

1/7/11-3/16/11

     SEK 32,640         USD 4,743           (105

1/7/11-3/16/11

     USD 25,945         GBP 16,778           312   

1/7/11-3/16/11

     USD 37,673         JPY 3,081,972           349   

1/12/11

     PLN 6,878         USD 2,352           24   

1/21/11-3/16/11

     USD 16,307         CAD 16,576           362   

1/21/11-3/16/11

     USD 3,417         KRW 3,890,315           13   

1/26/11

     COP 782,882         USD 414           3   

2/3/11

     USD 797         MXP 9,904           5   

2/3/11-3/16/11

     USD 17,047         NOK 104,239           846   

2/3/11-3/16/11

     USD 17,303         SEK 120,991           663   

2/9/11-3/16/11

     NZD 2,798         USD 2,081           (97

2/10/11-3/16/11

     ZAR 12,219         USD 1,755           (80

2/11/11-3/16/11

     DKK 11,612         USD 2,070           (20

2/17/11-3/16/11

     USD 2,932         AUD 2,989           109   

3/3/11

     CAD 11,345         AUD 11,350           139   

3/3/11

     NOK 94,102         GBP 9,890           (678

3/3/11-3/16/11

     AUD 15,880         USD 15,356           (790

3/3/11-3/16/11

     CHF 12,674         USD 12,762           (850

3/16/11

     CZK 5,583         USD 296           (3

3/16/11

     KRW 368,126         USD 320           (5

3/16/11

     MYR 1,001         USD 318           (6

3/16/11

     SGD 3,409         USD 2,597           (65

3/16/11

     USD 1,460         CHF 1,415           60   

3/16/11

     USD 157         NZD 210           6   

3/16/11

     USD 653         SGD 845           7   
                    
               $ (5,356
                    

 

 

 

10    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

 

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

 

Counterparty      Currency to Deliver
($ Thousands)
       Currency to Receive
($ Thousands)
       Unrealized
Appreciation
(Depreciation)
($ Thousands)
 

Bank of America

       (93,302        91,368         $ (1,934

Barclays

       (111,324        109,796           (1,527

BNP Paribas

       (8,806        8,814           7   

Brown Brothers Harriman

       (357,918        357,984           66   

Citigroup

       (4,372        4,313           (59

Credit Suisse First Boston

       (18,156        18,230           74   

Deutsche Bank

       (19,715        19,282           (433

Edward D. Jones

       (6,063        6,098           35   

Goldman Sachs

       (20,980        21,684           705   

HSBC

       (74,674        76,334           1,660   

JPMorgan Chase Bank

       (209,816        206,453           (3,363

National Australia Bank

       (203        207           4   

RBC

       (1,127        1,125           (3

Royal Bank of Scotland

       (333        332           (1

Societe Generale

       (480        495           15   

UBS

       (32,225        31,941           (284

Westpac Banking

       (23,322        23,004           (318
                    
               $ (5,356
                    

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

 

Type of Contract     

Number of

Contracts
Long (Short)

      

Expiration

Date

       Unrealized
Appreciation
(Depreciation)
($ Thousands)
 

10-Year Euro$

       (8        Mar-2011         $ (5

Australian 10-Year Bond

       2           Mar-2011           2   

Australian 3-Year Bond

       8           Mar-2011             

Canadian 10-Year Bond

       7           Mar-2011           2   

Euro-Bobl

       33           Mar-2011             

Euro-Buxl 30 Year Bond

       6           Mar-2011           3   

Euro-Schatz

       71           Mar-2011           (13

Japanese 10-Year Bond

       3           Mar-2011           23   

Long Gilt 10-Year Bond

       (9        Mar-2011           (14

U.S. 10-Year Treasury Note

       (38        Mar-2011           98   

U.S. 2-Year Treasury Note

       (74        Mar-2011           26   

U.S. 5-Year Treasury Note

       (139        Mar-2011           37   

U.S. Long Treasury Bond

       (16        Mar-2011           41   
                    
               $ 200   
                    

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.

 

 

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

 

  

Credit Default Swap  
Counterparty   Reference Entity/Obligation    Buy/Sell
Protection
   (Pays)/Receives
Rate
     Termination
Date
     Notional
Amount
(Thousands)
     Net Unrealized
Appreciation
($Thousands)
 
Morgan Stanley   Prudential Financial 4.500% 07/15/13    SELL      5.00         09/20/14         (350    $ 50   
                      

 

11    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

Interest Rate Swaps  
Counterparty    Fund Pays   Fund Receives   Termination
Date
     Notional Amount      Net Unrealized
Appreciation
(Depreciation)
($Thousands)
 
Barclays Bank    3.83%   3-Month LIBOR     03/31/20       USD 2,650,000       $ (152
Citigroup    3.79%   6-Month GBP LIBOR     05/19/19       GBP 2,500,000         (144
Deutsche Bank    3.45%   6-Month EUR LIBOR     10/16/19       EUR 3,400,000         (130
Deutsche Bank    6-Month EURIBOR   4.17%     03/28/13       EUR 7,000,000         801   
JPMorgan Chase Bank    6-Month JPY LIBOR   2.22%     03/26/27       JPY 750,000,000         793   
JPMorgan Chase Bank    6-Month EURIBOR   4.38%     01/07/13       EUR 5,400,000         684   
JPMorgan Chase Bank    4.20%   6-Month EURIBOR     03/30/12       EUR 3,000,000         (257
JPMorgan Chase Bank    6-Month JPY LIBOR   1.29%     03/26/12       JPY 1,300,000,000         214   
                  
             $ 1,809   
                  

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

 

Investments in Securities   Level 1     Level 2     Level 3     Total  

Global Bonds

  $      $ 422,575      $ 5      $ 422,580   

Mortgage-Backed Securities

           17,705               17,705   

Corporate Obligations

           13,728               13,728   

U.S. Treasury Obligations

           9,732               9,732   

Asset-Backed Securities

           8,195               8,195   
                               

Total Investments in Securities

  $      $ 471,935      $ 5      $ 471,940   
                               
       
Other Financial Instruments   Level 1     Level 2     Level 3     Total  

Futures Contracts*

  $ 200      $      $      $ 200   

Forward Contracts*

           (5,356            (5,356

Credit Default Swap

           50               50   

Interest Rate Swaps

           1,809               1,809   
                               

Total Other Financial Instruments

  $ 200      $ (3,497   $      $ (3,297
                               

 

*   Future contracts and forward contracts are valued at the net unrealized appreciation/(depreciation) on the instrument.

 

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, 2010

   $ 5   

Accrued discounts/premiums

       

Realized gain/(loss)

       

Change in unrealized appreciation/(depreciation)

       

Net purchases

       

Net Sales

  

Net transfer in and/or out of Level 3

       
        

Ending balance as of December 31, 2010

   $ 5   
        

Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date.

   $   
        

For the period ended December 31, 2010, there have been no significant transfers between Level 1 and Level 2 assets and liabilities.

Percentages are based on a Net Assets of $482,125($ 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 December 31, 2010.
(C)   Securities considered illiquid. The total market value of such securities as of December 31, 2010 was $6,811 ($ Thousands) and represented 1.4% of Net Assets.
(D)   Security in default on interest payments.
(E)   Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase.
(F)   Real Estate Investments Trust.
§   At December 31, 2010, the tax basis cost of the Fund’s investments was $461,402 ($ Thousands), and the unrealized appreciation and depreciation were $21,923($ Thousands) and ($11,385)($ Thousands), respectively.
 

 

12    SEI Institutional International Trust / Quarterly Holdings / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

COP — Columbian Peso

CZK — Czech Republic Koruna

DKK — Danish Krone

EUR — Euro

EURIBOR — Euro London Interbank Offered Rate (check manually)

GBP — British Pound Sterling

JPY — Japanese Yen

KRW — South Korean Won

LIBOR — London Interbank Offered Rate

MTN — Medium Term Note

MXP — Mexican Peso

MYR — Malaysian Ringgit

NOK — Norwegian Krone

NZD — New Zealand Dollar

PLN — Polish Zlotty

SEK — Swedish Krona

Ser — Series

SGD — Singapore Dollar

USD — U.S. Dollar

ZAR — South African Rand

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

For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.

Credit Default Swaps

A Fund enters into credit default swaps to simulate long and short bond positions that are either unavailable or considered to be less attractively priced in the bond market. A Fund uses these swaps to reduce risk where a Fund has exposure to the issuer, or to take an active long or short position with respect to the likelihood of an event of default. The reference obligation of the swap can be a single issuer, a “basket” of issuers, or an index. The underlying referenced assets are corporate debt, sovereign debt and asset backed securities.

The buyer of a credit default swap is generally obligated to pay the seller a periodic stream of payments over the term of the contract in return for a contingent payment upon the occurrence of a credit event with respect to an underlying reference obligation. Generally, a credit event for corporate or sovereign reference obligations means bankruptcy, failure to pay, obligation acceleration, repudiation/moratorium or restructuring. For credit default swaps on asset-backed securities, a credit event may be triggered by events such as failure to pay principal, maturity extension, rating downgrade or write-down.

If a Fund is a seller of protection, and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will generally either (i) pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index.

If a Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value.

Certain Funds are party to International Swap Dealers Association, Inc. Master Agreements (“ISDA Master Agreements”). These agreements are with select counterparties and they govern transactions, including certain over-the counter derivative and foreign exchange contracts, entered into by the Funds and the counterparty. The ISDA Master Agreements maintain provisions for general obligations, representations, agreements, collateral, and events of default or termination. The occurrence of a specified event of termination may give a counterparty the right to terminate all of its contracts and affect settlement of all outstanding transactions under the applicable ISDA Master Agreement.

As of December 31, 2010, the Fund is the buyer (“receiving protection”) on a total notional amount of $— million)1 and is the seller (“providing protection”) on a total notional amount of $0.35 million. The notional amounts of the swaps are not recorded in the financial statements; however the notional amount does approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund were the seller of protection and a credit event were to occur. Those credit default swaps for which the Fund is providing protection at balance sheet date are summarized as follows:

 

13    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

International Fixed Income Fund

December 31, 2010

 

WRITTEN CREDIT DERIVATIVE CONTRACTS   SINGLE NAME CDS     CREDIT DEFAULT SWAP INDEX         
REFERENCE ASSET   CORP US$     SOVEREIGN US$     ABS US$     CORP US$     Total  

Fair value written credit derivatives

  $ 49,238                           $ 49,238   

Maximum potential amount of future payments

  $ 350,000                           $ 350,000   

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 can obtain upon occurrence of triggering event

                                  

 

1   Potential recoveries would include purchased credit derivatives to the extent they offset written credit derivatives which have an identical underlying, or a netting arrangement or credit support annex with the counterparty. There may be other potential recoveries from recourse provisions where agreements cover multiple derivative arrangements but those amounts have not been included.

 

MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM  
      0-6 MONTHS      6-12 MONTHS      1-5 YEARS      5-10 YEARS      > 10 YEARS      Total  

Current credit spread* on underlying (in basis points)1

                 

0 - 100

                                               

101- 250

                   $ 350,000                       $ 350,000   

251- 500

                                     

501- 1000

                                               

> than 1,000

                                               
                                                     

Total

                   $ 350,000                       $ 350,000   
                                                     

 

*   The credit spread on the underlying asset is generally indicative of the current status of the underlying risk of the Fund having to perform. The spread also reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into a contract. Higher credit spreads with a shorter contract term is indicative of a higher likelihood of performance by the Fund.

The credit spread disclosed above for each reference obligation where the Fund is the seller of protection is a representation of the current payment/performance risk of the swap.

 

14    SEI Institutional International Trust / Quarterly Holdings / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

GLOBAL BONDS — 91.8%

      

Argentina — 4.8%

      

Arcor

      

7.250%, 11/09/17

    409         $ 436   

Empresa Distribuidora Y Comercializadora Norte

      

9.750%, 10/25/22 (A)

    610           660   

IRSA

      

11.500%, 07/20/20

    810           909   

Province of Buenos Aires

      

9.625%, 04/18/28 (A)(B)

    1,605           1,332   

9.625%, 04/18/28 (B)

    695           577   

9.375%, 09/14/18 (B)

    470           411   

Province of Medoza

      

5.500%, 09/04/18 (B)

    337           287   

Province of Neuquen

      

8.656%, 10/18/14 (A)(B)

    148           156   

Republic of Argentina

      

8.750%, 06/02/17

    2,511           2,599   

8.280%, 12/31/33

    2,236           2,073   

8.280%, 12/31/33

    4,638           4,302   

7.820%, 12/31/33

  EUR 2,115           2,171   

7.820%, 12/31/33

  EUR 3,166           3,250   

7.000%, 10/03/15

    5,012           4,808   

7.000%, 04/17/17

    2,401           2,182   

7.000%, 10/03/15

    800           770   

7.000%, 09/12/13

    2,011           2,016   

5.830%, 12/31/33 (C)

  ARS 589           279   

5.450%, 12/31/33 (C)

  EUR 4,219           4,428   

2.500%, 03/31/19 (D)

    4,840           2,166   

1.269%, 12/15/35 (C)

    6,360           964   

0.000%, 08/03/12 (C)

    10,377           2,475   

Transportadora Gas Norte

      

7.500%, 12/31/12 (B)(D)(E)

    130           71   

7.500%, 12/31/12 (A)(B)(D)(E)

    260           143   

7.500%, 12/31/12 (E)

    420           231   

6.500%, 12/31/12 (A)(B)(D)(E)

    30           17   

6.500%, 12/31/12 (B)(D)(E)

    81           45   

6.500%, 12/31/12 (B)(D)(E)

    72           40   

WPE International

      

10.375%, 09/30/20

    650           637   
            
         40,435   
            

Bahrain — 0.2%

      

Kingdom of Bahrain

      

5.500%, 03/31/20 ( A)

    1,215           1,237   
            
Description   Face Amount(1)
(Thousands)
      

Market Value

($ Thousands)

 
      

Barbados — 0.4%

      

Columbus International

      

11.500%, 11/20/14 (A)

    1,600         $ 1,776   

11.500%, 11/20/14

    1,432           1,589   

Government of Barbados

      

7.000%, 08/04/22 (A)

    300           305   
            
         3,670   
            

Belize — 0.0%

      

Government of Belize

      

6.000%, 02/20/29 (B)

    400           352   
            

Bosnia and Herzegovina — 0.1%

      

Republic of Bosnia & Herzegovina

      

0.000%, 12/11/17 (B)(C)

  DEM 2,204           1,058   
            

Brazil — 7.8%

      

Banco Bradesco

      

5.900%, 01/16/21 (A)

    700           701   

Banco Cruzeiro do Sul

      

8.875%, 09/22/20 (A)

    1,037           1,033   

Banco Nacional de Desenvolvimento Economico e Social

      

6.500%, 06/10/19 (A)

    1,725           1,893   

5.500%, 07/12/20 (A)

    400           411   

Banco Votorantim

      

7.375%, 01/21/20 (A)

    720           759   

BM&F Bovespa

      

5.500%, 07/16/20 (A)

    163           166   

BR Properties SA

      

9.000%, 12/31/49

    762           768   

Brazil Notas do Tesouro Nacional Serie F

      

10.000%, 01/01/13

  BRL 10,600           6,142   

CSN Resources

      

6.500%, 07/21/20 (A)

    828           874   

Federal Republic of Brazil

      

11.000%, 08/17/40

    150           202   

10.125%, 05/15/27

    2,555           3,909   

10.000%, 01/01/21

  BRL 2,530           1,343   

8.875%, 04/15/24

    1,520           2,098   

8.750%, 02/04/25

    598           822   

8.250%, 01/20/34

    3,260           4,344   

7.125%, 01/20/37

    1,735           2,069   

6.000%, 01/17/17

    3,925           4,441   

5.875%, 01/15/19

    3,267           3,626   

5.625%, 01/07/41

    1,050           1,042   

4.875%, 01/22/21

    550           561   

Fibria Overseas Finance

      

7.500%, 05/04/20 (A)

    1,358           1,426   

General Shopping Finance

      

10.000%, 12/31/49

    922           874   

Gerdau Trade

      

5.750%, 01/30/21 (A)

    452           453   
 

 

1    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

JBS Finance II

      

8.250%, 01/29/18

    1,820         $ 1,829   

8.250%, 01/29/18

    500           502   

Minerva Overseas

      

10.875%, 11/15/19

    310           328   

10.875%, 11/15/19

    529           559   

Nota Do Tesouro Nacional

      

10.000%, 01/01/21

  BRL 15,900           8,484   

10.000%, 01/01/17

  BRL 2,200           1,215   

6.000%, 05/15/15

  BRL 6,700           7,927   

6.000%, 08/15/20

  BRL 1,600           1,911   

Odebrecht Drilling Norbe VIII

      

6.350%, 06/30/21 (A)

    1,630           1,695   

Rearden G Holdings EINS GmbH

      

7.875%, 03/30/20 (A)

    175           185   

Vale Overseas

      

4.625%, 09/15/20

    679           672   

Voto-Votorantim

      

6.750%, 04/05/21 (A)

    306           320   

6.625%, 09/25/19 (A)

    490           510   
            
         66,094   
            

Chile — 0.8%

      

Banco Estado

      

4.125%, 10/07/20 (A)

    700           665   

Celulosa Arauco y Constitucion

      

5.000%, 01/21/21 (A)

    461           453   

Empresa Nacional del Petroleo

      

6.250%, 07/08/19 (A)

    550           593   

6.250%, 07/08/19

    700           755   

5.250%, 08/10/20 (A)

    500           500   

Nacional del Cobre de Chile

      

7.500%, 01/15/19

    500           609   

6.150%, 10/24/36 (F)

    2,200           2,402   

3.750%, 11/04/20 (A)

    1,200           1,137   
            
         7,114   
            

China — 1.1%

      

Central China Real Estate

      

12.250%, 10/20/15

    436           472   

China Oriental Group

      

8.000%, 08/18/15 (A)

    1,974           2,083   

Evergrande Real Estate

      

13.000%, 01/27/15

    155           169   

13.000%, 01/27/15

    708           771   

Kaisa Group Holdings

      

13.500%, 04/28/15

    539           551   

Sinochem Overseas Capital

      

6.300%, 11/12/40 (A)

    616           630   

4.500%, 11/12/20 (A)

    4,556           4,490   

Sino-Forest Corporation

      

6.250%, 10/21/17 (A)

    430           434   
            
         9,600   
            

Colombia — 4.2%

      

Bogota Distrio Capital

      

9.750%, 07/26/28 (A)

  COP 9,020,000           6,337   

Ecopetrol

      

7.625%, 07/23/19 (A)

    500           578   
Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Republic of Colombia

      

11.750%, 02/25/20

    1,645         $ 2,480   

10.375%, 01/28/33

    400           600   

8.125%, 05/21/24

    2,300           2,904   

7.375%, 01/27/17

    3,807           4,492   

7.375%, 09/18/37

    10,100           11,968   

7.375%, 03/18/19

    4,470           5,364   

6.125%, 01/18/41

    1,275           1,307   
            
         36,030   
            

Croatia — 0.9%

      

Government of Croatia

      

6.750%, 11/05/19

    1,333           1,395   

6.625%, 07/14/20 (A)(F)

    4,918           5,077   

Zagrebacki Holding

      

5.500%, 07/10/17

  EUR 1,100           1,180   
            
         7,652   
            

Czech Republic — 0.1%

      

Central European Media Enterprises

      

11.625%, 09/15/16 (A)

  EUR 450           613   
            

Dominican Republic — 0.2%

      

Cap Cana

      

10.000%, 04/30/16

    663           345   

10.000%, 04/30/16

    539           383   

Republic of Dominican Republic

      

9.040%, 01/23/18

    16           18   

7.500%, 05/06/21 (A)

    750           808   
            
         1,554   
            

Ecuador — 0.1%

      

Republic of Ecuador

      

9.375%, 12/15/15

    550           511   
            

Egypt — 0.4%

      

Government of Egypt

      

5.750%, 04/29/20

    850           884   

5.750%, 04/29/20 (A)

    1,248           1,285   

Nile Finance

      

5.250%, 08/05/15

    600           618   

Orascom Telecom Finance SCA

      

7.875%, 02/08/14

    557           518   
            
         3,305   
            

El Salvador — 0.8%

      

Republic of El Salvador

      

8.250%, 04/10/32

    250           277   

7.650%, 06/15/35

    4,386           4,638   

7.375%, 12/01/19

    200           221   

7.375%, 12/01/19 (A)

    930           1,028   

Telemovil Finance

      

8.000%, 10/01/17 (A)

    900           927   
            
         7,091   
            
 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

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         $ 1,850   

Republic of Georgia

      

7.500%, 04/15/13

    1,950           1,999   
            
         3,849   
            

Germany — 0.1%

      

Deutsche Bank

      

10.394%, 08/29/14 (A)(C)

    1,188           1,191   
            

Ghana — 0.2%

      

Republic of Ghana

      

8.500%, 10/04/17 (A)

    500           561   

8.500%, 10/04/17

    800           904   
            
         1,465   
            

Hong Kong — 0.2%

      

Bank of China Hong Kong

      

5.550%, 02/11/20 (A)

    1,700           1,776   
            

Hungary — 0.1%

      

Republic of Hungary

      

6.250%, 01/29/20

    1,100           1,064   
            

India — 0.4%

      

Axis Bank

      

4.750%, 05/02/16 (A)

    644           646   

ICICI Bank

      

5.750%, 11/16/20 (A)

    1,523           1,516   

Indian Oil

      

4.750%, 01/22/15

    200           206   

Reliance Holdings USA

      

6.250%, 10/19/40

    300           300   

State Bank of India

      

4.500%, 07/27/15 (A)

    650           665   

Vedanta Resources

      

9.500%, 07/18/18 (A)

    79           86   
            
         3,419   
            

Indonesia — 5.1%

      

Bakrie Telecom Pte

      

11.500%, 05/07/15

    105           114   

Bumi Invest

      

10.750%, 10/06/17 (A)

    500           545   

Indo Integrated Energy

      

9.750%, 11/05/16

    346           391   

Indosat Palapa BV

      

7.375%, 07/29/20 (A)

    1,202           1,328   
Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Majapahit Holding

      

8.000%, 08/07/19 (A)

    500         $ 584   

8.000%, 08/07/19

    150           175   

7.875%, 06/29/37 (A)(B)

    355           408   

7.750%, 01/20/20

    300           346   

7.750%, 10/17/16

    750           868   

7.750%, 01/20/20 (A)

    350           403   

7.250%, 10/17/11

    450           469   

PT Adaro

      

7.625%, 10/22/19 (A)

    305           333   

Republic of Indonesia

      

12.800%, 06/17/21

  IDR 6,389,000           952   

11.625%, 03/04/19 (A)

    1,425           2,113   

11.625%, 03/04/19

    4,528           6,713   

11.000%, 11/15/20

  IDR 14,300,000           1,935   

10.375%, 05/04/14

    1,350           1,677   

9.500%, 06/15/15

  IDR 15,558,000           1,900   

8.500%, 10/12/35

    2,850           3,734   

8.500%, 10/12/35

    550           720   

7.750%, 01/17/38

    5,065           6,154   

7.500%, 01/15/16

    1,000           1,172   

7.250%, 04/20/15

    130           151   

6.875%, 03/09/17

    1,289           1,490   

6.875%, 01/17/18 (A)(F)

    1,400           1,624   

6.875%, 01/17/18

    1,950           2,262   

6.750%, 03/10/14 (A)

    350           393   

6.750%, 03/10/14

    950           1,064   

6.625%, 02/17/37

    1,550           1,693   

5.875%, 03/13/20 (A)

    1,024           1,124   

Star Energy

      

11.500%, 02/12/15

    400           455   
            
         43,290   
            

Iraq — 1.4%

      

Republic of Iraq

      

5.800%, 01/15/28 (F)

    13,069           11,893   
            

Ivory Coast — 0.2%

      

Government of Ivory Coast

      

2.500%, 12/31/32

    4,013           1,766   
            

Jamaica — 0.3%

      

Digicel Group

      

10.500%, 04/15/18

    960           1,056   

9.125%, 01/15/15 (A)

    592           599   

8.875%, 01/15/15 (A)

    1,050           1,061   
            
         2,716   
            

Kazakhstan — 4.3%

      

BTA Bank JSC

      

10.750%, 01/01/13 (D)

    264           285   

10.750%, 01/01/13 (A)(D)

    1,202           1,298   

0.000%, 07/01/20 (A)(C)

    2,492           191   

CenterCredit International

      

8.625%, 01/30/14

    2,400           2,442   
 

 

3    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Development Bank of Kazakhstan JSC

      

5.500%, 12/20/15 (A)

    650         $ 655   

HSBK Europe

      

9.250%, 10/16/13

    825           900   

7.250%, 05/03/17

    960           967   

Kazatoprom

      

6.250%, 05/20/15

    300           318   

Kazkommerts International

      

8.700%, 04/07/14 (C)

    1,300           1,079   

8.500%, 04/16/13

    1,150           1,121   

8.000%, 11/03/15

    1,900           1,769   

7.875%, 04/07/14

    500           474   

7.500%, 11/29/16 (B)

    2,550           2,225   

6.875%, 02/13/17

  EUR 450           531   

6.250%, 05/20/15

    1,123           1,190   

Kazkommertsbank MTN

      

12.850%, 12/18/12

    600           621   

KazMunaiGaz Finance Sub

      

11.750%, 01/23/15 (A)

    2,673           3,318   

11.750%, 01/23/15

    350           435   

9.125%, 07/02/18

    1,329           1,555   

9.125%, 07/02/18 (A)

    2,400           2,808   

8.375%, 07/02/13

    2,900           3,194   

7.000%, 05/05/20

    650           676   

7.000%, 05/05/20 (A)

    1,843           1,917   

KazMunayGas National

      

6.375%, 04/09/21 (A)

    3,056           3,029   

Republic of Kazakhstan

      

6.375%, 10/06/20 (A)

    1,620           1,691   

Tengizchevroil Finance

      

6.124%, 11/15/14

    286           299   

Zhaikmunai Finance BV

      

10.500%, 10/19/15 (A)

    1,849           1,860   
            
         36,848   
            

Lebanon — 0.0%

      

Republic of Lebanon MTN

      

9.000%, 03/20/17

    100           120   
            

Lithuania — 0.8%

      

Republic of Lithuania

      

7.375%, 02/11/20 (A)

    1,200           1,326   

7.375%, 02/11/20

    1,250           1,384   

6.750%, 01/15/15 (A)

    1,150           1,242   

5.125%, 09/14/17 (A)

    2,575           2,537   
            
         6,489   
            

Malaysia — 3.4%

      

Axiata SPV1 Labuan

      

5.375%, 04/28/20

    250           254   

Government of Malaysia

      

3.835%, 08/12/15

  MYR 10,610           3,499   

3.741%, 02/27/15

  MYR 10,560           3,477   

Malaysia Sukuk Global

      

3.928%, 06/04/15 (A)

    400           415   

Petroliam Nasional

      

7.625%, 10/15/26

    925           1,182   
Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Petronas Capital

      

7.875%, 05/22/22 (A)

    250         $ 322   

7.875%, 05/22/22

    7,405           9,497   

5.250%, 08/12/19

    1,200           1,287   

5.250%, 08/12/19 (A)

    8,745           9,380   
            
         29,313   
            

Mexico — 8.5%

      

Alestra

      

11.750%, 08/11/14 (F)

    620           713   

Axtel

      

9.000%, 09/22/19

    895           850   

7.625%, 02/01/17 (A)

    109           101   

BBVA Bancomer

      

6.008%, 05/17/22 (C)

    670           669   

Cemex

      

9.250%, 05/12/20 (A)

    1,763           1,732   

9.250%, 05/12/20

    686           674   

Cemex Espana

      

8.875%, 05/12/17

  EUR 51           60   

Cemex Finance

      

9.500%, 12/14/16

    500           516   

Cemex Finance Europe BV

      

4.750%, 03/05/14

  EUR 731           809   

Desarrolladora Homex

      

7.500%, 09/28/15

    225           232   

GEO

      

9.250%, 06/30/20 (A)

    1,190           1,348   

9.250%, 06/30/20

    500           566   

Grupo Senda

      

10.500%, 10/03/15

    3,665           3,702   

Hipotecaria Su Casita

      

8.500%, 10/04/16 (A)

    189           79   

8.500%, 10/04/16

    65           27   

Mexican Bonos

      

9.000%, 06/20/13

  MXP 7,200           631   

8.500%, 12/13/18

  MXP 49,400           4,425   

7.500%, 06/21/12

  MXP 7,600           639   

Mexican Bonos, Ser M10

      

7.250%, 12/15/16

  MXP 10,700           901   

Mexican Bonos, Ser MI10

      

9.500%, 12/18/14

  MXP 10,161           922   

9.000%, 12/20/12

  MXP 28,270           2,456   

Mexican Udibonos

      

5.000%, 06/16/16

  MXP 11,600           4,836   

4.000%, 06/13/19

  MXP 4,770           1,912   

NII Capital

      

10.000%, 08/15/16

    3,759           4,163   

Oceanografia

      

11.250%, 07/15/15

    1,029           633   

Pemex Finance

      

9.150%, 11/15/18

    1,595           2,036   

Pemex Project Funding Master Trust

      

6.625%, 06/15/35

    2,546           2,591   

5.750%, 03/01/18

    1,505           1,609   

Petroleos Mexicanos

      

8.000%, 05/03/19

    700           843   

6.000%, 03/05/20 (A)

    300           318   
 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

Description  

Face Amount(1)

(Thousands)

       Market Value
($ Thousands)
 
      

United Mexican States

      

8.300%, 08/15/31

    6,304         $ 8,321   

8.125%, 12/30/19

    550           700   

6.625%, 03/03/15

    1,650           1,897   

6.050%, 01/11/40

    3,350           3,442   

5.950%, 03/19/19

    1,450           1,617   

5.625%, 01/15/17

    5,794           6,408   

5.125%, 01/15/20

    650           678   

United Mexican States, Ser A MTN

      

8.000%, 09/24/22

    4,986           6,357   

6.750%, 09/27/34

    1,848           2,079   
            
         72,492   
            

Nigeria — 0.1%

      

GTB Finance

      

8.500%, 01/29/12

    600           611   

UBS

      

9.350%, 09/04/17 (A)(B)(C)

    750           521   
            
         1,132   
            

Oman — 0.0%

      

Blue City Investments

      

13.750%, 11/07/13 (B)

    2,250           337   
            

Pakistan — 0.5%

      

Republic of Pakistan

      

7.125%, 03/31/16

    2,460           2,215   

6.875%, 06/01/17

    2,240           1,949   
            
         4,164   
            

Panama — 2.1%

      

Republic of Panama

      

9.375%, 04/01/29

    5,338           7,487   

9.375%, 01/16/23

    560           759   

8.875%, 09/30/27

    975           1,336   

8.125%, 04/28/34

    820           1,025   

7.250%, 03/15/15

    1,523           1,759   

6.700%, 01/26/36

    4,161           4,639   

5.200%, 01/30/20

    444           471   
            
         17,476   
            

Peru — 2.5%

      

Banco de Credito del Peru

      

5.375%, 09/16/20 (A)

    1,210           1,192   

Continental Senior Trustees Cayman

      

5.500%, 11/18/20 (A)

    771           749   

Interoceanica IV Finance

      

3.914%, 11/30/25 (A)(B)(G)

    905           432   

3.725%, 11/30/18 (A)(B)(G)

    408           312   

Peru Enhanced Pass-Through Finance

      

3.679%, 05/31/18 (A)(B)(G)

    545           436   

3.640%, 05/31/18 (G)

    202           161   

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Republic of Peru

      

8.750%, 11/21/33

    6,521         $ 8,950   

8.375%, 05/03/16

    600           741   

7.350%, 07/21/25

    5,710           6,946   

7.125%, 03/30/19

    997           1,191   

6.550%, 03/14/37

    345           378   
            
         21,488   
            

Philippines — 5.2%

      

National Power

      

9.625%, 05/15/28 (B)

    1,400           1,911   

Power Sector

      

7.390%, 12/02/24

    800           948   

7.250%, 05/27/19

    150           176   

Republic of the Philippines

      

10.625%, 03/16/25

    3,600           5,535   

9.500%, 02/02/30

    3,250           4,680   

8.875%, 03/17/15

    75           92   

8.375%, 06/17/19

    1,500           1,939   

7.750%, 01/14/31

    5,623           6,930   

7.500%, 09/25/24

    11,059           13,686   

6.375%, 10/23/34

    4,840           5,130   

4.000%, 01/15/21

    3,656           3,548   
            
         44,575   
            

Poland — 1.7%

      

Polish Television Holding

      

13.000%, 11/15/14 (A)(D)

  EUR 600           805   

Republic of Poland

      

6.375%, 07/15/19

    9,629           10,786   

4.000%, 03/23/21

  EUR 736           936   

TVN Finance

      

10.750%, 11/15/17 (A)

  EUR 1,300           1,923   
            
         14,450   
            

Qatar — 1.8%

      

Government of Qatar

      

9.750%, 06/15/30

    425           631   

6.400%, 01/20/40 (A)

    710           770   

5.250%, 01/20/20 (A)

    5,650           5,961   

5.250%, 01/20/20

    1,480           1,569   

4.000%, 01/20/15 (A)

    300           311   

Qatari Diar Finance

      

5.000%, 07/21/20 (A)

    2,000           1,991   

Qtel International Finance

      

7.875%, 06/10/19

    2,574           3,075   

6.500%, 06/10/14 (A)

    200           219   

5.000%, 10/19/25 (A)

    420           380   

4.750%, 02/16/21 (A)

    457           436   
            
         15,343   
            

Russia — 8.2%

      

Alfa Bank Via Alfa Bond Issuance

      

7.875%, 09/25/17 (A)

    675           687   

Alfa Diversified Payment Rights Finance MTN

      

2.202%, 12/15/11 (A)(C)

    112           103   

Alfa Invest MTN

      

9.250%, 06/24/13 (A)(B)

    750           811   
 

 

5    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Alfa Issuance MTN

      

8.000%, 03/18/15

    417         $ 433   

Alrosa Finance

      

7.750%, 11/03/20 (A)

    1,428           1,498   

Bank of Moscow

      

7.500%, 11/25/15 (B)(C)

    1,200           1,156   

Edel Capital for Sinek Capital

      

7.700%, 08/03/15

    500           527   

Gaz Capital

      

8.625%, 04/28/34

    270           324   

6.510%, 03/07/22 (A)

    636           649   

MTS International Funding

      

8.625%, 06/22/20 (A)

    1,840           2,091   

RSHB Capital

      

7.750%, 05/29/18

    450           487   

6.299%, 05/15/17

    100           101   

Russian Federal Bond - OFZ

      

11.200%, 12/17/14

  RUB 42,300           1,582   

10.550%, 07/08/11

  RUB 97,900           3,306   

Russian Federation Registered

      

12.750%, 06/24/28

    2,310           4,002   

7.500%, 03/31/30

    27,017           31,245   

Russian Foreign Bond - Eurobond

      

5.000%, 04/29/20 (A)

    1,500           1,500   

3.625%, 04/29/15

    300           300   

RZD Capital MTN

      

5.739%, 04/03/17

    650           675   

SCF Capital

      

5.375%, 10/27/17 (A)

    1,600           1,566   

Severstal OAO Via Steel Capital

      

6.700%, 10/25/17 (A)

    857           846   

Teorema

      

11.000%, 10/27/09 (E)

    3,400           340   

TNK-BP Finance

      

7.875%, 03/13/18 (A)

    147           167   

7.500%, 07/18/16 (A)

    365           405   

7.250%, 02/02/20 (A)

    352           383   

6.250%, 02/02/15 (A)

    202           214   

Vimpel Communications

      

9.125%, 04/30/18

    850           965   

9.125%, 04/30/18 (A)(B)

    600           683   

8.375%, 04/30/13

    940           1,014   

8.250%, 05/23/16

    570           623   

Vnesheconombank Via VEB Finance

      

6.902%, 07/09/20 (A)

    2,985           3,127   

6.800%, 11/22/25 (A)

    1,000           998   

5.450%, 11/22/17 (A)

    700           698   

VTB Bank Via VTB Capital

      

6.551%, 10/13/20 (A)

    960           943   

VTB Capital

      

6.875%, 05/29/18

    3,400           3,591   

6.609%, 10/31/12 (A)

    950           1,013   

6.250%, 06/30/35

    381           391   
            
         69,444   
            
Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Saudi Arabia — 0.1%

      

Dar Al-Arkan International Sukuk

      

10.750%, 02/18/15 (A)

    1,200         $ 1,186   
            

Singapore — 0.3%

      

Sea Product

      

2.192%, 02/18/15 (B)

    2,395           1,784   

STATS ChipPAC

      

7.500%, 08/12/15 (A)

    602           649   

Yanlord Land Group

      

9.500%, 05/04/17

    114           120   
            
         2,553   
            

South Africa — 2.1%

      

Consol Glass MTN

      

7.625%, 04/15/14

  EUR 221           297   

Edcon Proprietary

      

4.276%, 06/15/14 (C)

  EUR 2,900           3,268   

Gold Fields Orogen Holdings

      

4.875%, 10/07/20

    504           482   

Myriad International Holding BV

      

6.375%, 07/28/17 (A)

    2,489           2,607   

Republic of South Africa

      

8.500%, 06/23/17

    860           1,075   

6.875%, 05/27/19

    2,027           2,374   

6.750%, 03/31/21

  ZAR 12,840           1,751   

6.500%, 06/02/14

    2,195           2,469   

5.875%, 05/30/22

    1,900           2,043   

5.500%, 03/09/20

    1,400           1,489   
            
         17,855   
            

South Korea — 0.3%

      

Export-Import Bank of Korea

      

8.125%, 01/21/14

    720           823   

5.875%, 01/14/15

    695           753   

Republic of Korea

      

7.125%, 04/16/19

    900           1,072   
            
         2,648   
            

Sri Lanka — 0.1%

      

Republic of Sri Lanka

      

7.400%, 01/22/15 (A)

    450           496   

6.250%, 10/04/20 (A)

    350           355   
            
         851   
            

Supra-National — 0.1%

      

Andina de Fomento

      

8.125%, 06/04/19

    485           571   

Eurasian Development Bank

      

7.375%, 09/29/14 (A)

    275           297   
            
         868   
            

Thailand — 0.4%

      

True Move

      

10.750%, 12/16/13 (A)(B)

    1,250           1,347   

10.750%, 12/16/13

    600           645   

10.375%, 08/01/14

    1,000           1,065   
            
         3,057   
            
 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Trinidad & Tobago — 0.4%

      

Petroleum of Trinidad & Tobago

      

9.750%, 08/14/19 (A)

    890         $ 1,068   

6.000%, 05/08/22 (B)

    1,969           1,975   

6.000%, 05/08/22 (A)

    335           336   
            
         3,379   
            

Tunisia — 0.3%

      

Banque Centrale de Tunisie

      

8.250%, 09/19/27

    800           972   

7.375%, 04/25/12

    1,105           1,180   

6.250%, 02/20/13

  EUR 360           514   
            
         2,666   
            

Turkey — 4.1%

      

Akbank

      

5.125%, 07/22/15 (A)

    1,000           1,010   

Globus Capital Finance

      

8.500%, 03/05/12

    500           470   

Republic of Turkey

      

11.875%, 01/15/30

    1,050           1,803   

9.500%, 01/15/14

    500           599   

8.000%, 02/14/34

    2,050           2,568   

7.500%, 07/14/17

    1,000           1,183   

7.500%, 11/07/19

    3,630           4,320   

7.375%, 02/05/25

    2,620           3,117   

7.250%, 03/15/15

    850           980   

7.250%, 03/05/38

    2,790           3,247   

7.000%, 06/05/20

    570           658   

7.000%, 09/26/16

    938           1,079   

7.000%, 03/11/19

    650           751   

6.875%, 03/17/36

    4,220           4,705   

6.750%, 04/03/18

    2,900           3,306   

6.750%, 05/30/40

    3,483           3,796   

5.625%, 03/30/21

    1,150           1,196   
            
         34,788   
            

Ukraine — 3.5%

      

Avangardco Investments

      

10.000%, 10/29/15

    567           527   

Biz Finance for Ukreximbank

      

8.375%, 04/27/15

    1,650           1,695   

Credit Suisse First Boston International for CJSC The EXIM of Ukraine

      

8.000%, 11/06/15 (B)

    215           197   

7.650%, 09/07/11 (B)

    500           509   

6.800%, 10/04/12

    750           753   

DTEK Finance BV

      

9.500%, 04/28/15 (A)

    620           642   

9.500%, 04/28/15

    512           530   

Financing of Infrastrucural Projects State Enterprise

      

8.375%, 11/03/17 (A)

    550           575   
Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Government of Ukraine

      

7.750%, 09/23/20 (A)

    1,990         $ 2,025   

7.650%, 06/11/13

    250           263   

7.650%, 06/11/13

    700           736   

6.875%, 09/23/15 (A)

    3,301           3,355   

6.750%, 11/14/17

    850           847   

6.580%, 11/21/16

    1,500           1,500   

6.580%, 11/21/16 (A)

    1,340           1,340   

JSC Commercial Bank

      

8.000%, 02/06/12

    2,850           2,807   

Metinvest BV

      

10.250%, 05/20/15

    100           107   

10.250%, 05/20/15 (A)

    620           660   

MHP

      

10.250%, 04/29/15

    368           388   

10.250%, 04/29/15

    1,428           1,505   

NAK Naftogaz Ukraine

      

9.500%, 09/30/14

    8,223           8,963   

Springvale Holdings

      

9.181%, 09/07/09 (B)(C)(E)

    1,000           75   
            
         29,999   
            

United Arab Emirates — 3.0%

      

Abu Dhabi Government International Bond

      

6.750%, 04/08/19

    1,000           1,165   

Aldar Funding

      

5.767%, 11/10/11

    2,897           2,854   

Dolphin Energy

      

5.888%, 06/15/19 (A)

    461           494   

5.888%, 06/15/19

    508           543   

DP World

      

6.850%, 07/02/37

    1,550           1,425   

Dubai DOF Sukuk MTN

      

6.396%, 11/03/14

    1,600           1,598   

Dubai Electricity & Water Authority

      

8.500%, 04/22/15

    228           242   

8.500%, 04/22/15 (A)

    1,300           1,382   

7.375%, 10/21/20 (A)

    2,216           2,073   

Dubai Holding Commercial Operations MTN

      

4.750%, 01/30/14

  EUR 3,300           3,564   

0.841%, 02/01/12 (C)

    150           132   

Dubai Sukuk Centre

      

0.677%, 06/13/12 (C)

    1,100           919   

Emirate of Abu Dhabi

      

6.750%, 04/08/19 (A)

    470           545   

Jafz Sukuk

      

3.741%, 11/27/12 (C)

  AED 22,400           5,317   

Nakheel Development

      

2.750%, 01/16/11

    3,200           3,616   
            
         25,869   
            

Uruguay — 2.3%

      

Republic of Uruguay PIK

      

7.875%, 01/15/33

    2,450           2,952   
 

 

7    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Republic of Uruguay

      

9.250%, 05/17/17

    2,925         $ 3,773   

8.000%, 11/18/22

    7,707           9,537   

7.625%, 03/21/36

    2,395           2,844   

6.875%, 09/28/25

    401           457   
            
         19,563   
            

Venezuela — 5.1%

      

Government of Venezuela

      

13.625%, 08/15/18

    2,100           2,048   

13.625%, 08/15/18

    144           140   

12.750%, 08/23/22

    100           89   

10.750%, 09/19/13

    400           385   

9.375%, 01/13/34

    1,880           1,274   

9.250%, 05/07/28

    3,015           2,035   

9.250%, 09/15/27

    2,520           1,877   

9.000%, 05/07/23

    7,256           4,934   

8.500%, 10/08/14 (F)

    5,236           4,424   

8.250%, 10/13/24

    3,755           2,384   

7.750%, 10/13/19

    2,375           1,591   

7.650%, 04/21/25

    3,520           2,218   

7.000%, 03/31/38

    100           56   

7.000%, 12/01/18

    230           152   

6.000%, 12/09/20

    880           506   

5.750%, 02/26/16

    1,363           961   

Petroleos de Venezuela

      

5.500%, 04/12/37

    3,400           1,573   

5.375%, 04/12/27

    10,879           5,195   

5.250%, 04/12/17

    8,915           5,104   

5.000%, 10/28/15

    3,176           1,810   

4.900%, 10/28/14

    7,216           4,510   
            
         43,266   
            

Vietnam — 0.2%

      

Republic of Vietnam

      

6.875%, 01/15/16

    350           367   

6.750%, 01/29/20

    300           304   

6.750%, 01/29/20 (A)

    844           857   
            
         1,528   
            

Total Global Bonds
(Cost $716,266) ($ Thousands)

         782,492   
            

LOAN PARTICIPATIONS — 2.6%

      

Angola — 0.2%

      

Republic of Angola

      

3.254%, 04/30/16

  EUR 1,192           1,464   
            

Cambodia — 0.2%

      

Camgsm PIK

      

12.761%, 05/25/11

    1,943           1,943   
            

Georgia — 0.0%

      

Ashmore Cayman

      

0.000%, 04/16/14 (G)

    221           227   
            

Indonesia — 0.2%

      

PT Bumi

      

0.505%, 08/07/13

    1,743           1,788   
            
Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 
      

Mexico — 0.3%

      

Altos Hornos Promissory Note # 5

      

0.000%, 04/29/99 (B)(E)

    2,500         $ 375   

Altos Hornos Promissory Note # 6

      

0.000%, 04/29/99 (B)(E)

    2,500           375   

Altos Hornos Promissory Note (Counterparty: Deustche Bank)

      

0.000%, 12/31/49 (B)(E)

    4,500           675   

Altos Hornos Tranche A (Counterparty: Bank of America)

      

0.000%, 04/11/04 (B)(E)

    6,540           981   
            
         2,406   
            

Russia — 0.2%

      

Snegri

      

10.500%, 10/10/11 (B)

    2,222           1,777   
            

Singapore — 1.5%

      

Connect International PIK

      

0.000%, 08/31/11 (B)(E)

    9,161           9,190   

Morton Bay

      

6.220%, 06/30/11 (B)

    3,389           3,193   
            
         12,383   
            

Total Loan Participations
(Cost $24,375) ($ Thousands)

         21,988   
            

CONVERTIBLE BONDS — 0.4%

      

Firstsource CV to 42,549.14 Shares

      

6.385%, 12/04/12 (G)

    1,900           2,100   

Suzlon Energy CV to 22.683 Shares

      

2.227%, 06/12/12

    1,092           1,130   

Suzlon Energy CV to 533.2762 Shares

      

2.500%, 07/25/14 (G)

    450           400   
            

Total Convertible Bonds
(Cost $3,170) ($ Thousands)

         3,630   
            
     Number Of
Warrants
           

WARRANTS — 0.0%

      

Russia — 0.0%

      

Teorema Holding A, Expires 10/27/11*(B)

    226             

Teorema Holding B, Expires 10/27/11*(B)

    452             
            

Total Warrants
(Cost $78) ($ Thousands)

           
            
 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

Description   Face Amount(1)
(Thousands)
       Market Value
($ Thousands)
 

AFFILIATED PARTNERSHIP — 0.7%

      

United States — 0.7%

      

SEI Liquidity Fund, L.P., 0.210%**†(H)

    6,534,794         $ 6,266   
            

Total Affiliated Partnership
(Cost $6,535) ($ Thousands)

         6,266   
            

Total Investments — 95.5%
(Cost $750,424) ($ Thousands)§

       $ 814,376   
            

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

 

Settlement Date  

Currency to Deliver

(Thousands)

    Currency to Receive
(Thousands)
    Unrealized
Appreciation
(Depreciation)
($ Thousands)
 

1/13/11-2/22/11

  USD 4,134      INR 188,575      $ 64   

1/18/11-1/26/11

  EUR 16,788      USD 22,119        (400

1/26/11

  COP 9,506,000      USD 5,134        144   

1/26/11

  USD 4,939      COP 9,506,000        51   

2/7/11

  PLN 18,176      USD 5,882        (262

2/7/11

  USD 6,441      PLN 18,176        (298

2/14/11

  KRW 4,749,256      USD 4,133        (57

5/20/11

  CNY 12,692      USD 1,892        (36

5/20/11-8/9/11

  USD 5,162      CNY 34,474        98   
           
      $ (696
           

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

 

Counterparty   Currency to Deliver
($ Thousands)
  

Currency to Receive

($ Thousands)

   Unrealized
Appreciation
(Depreciation)
($ Thousands)
 
Brown Brothers Harriman   (4,939)    4,990    $ 51   
Citigroup   (14,282)    14,514      232   
Goldman Sachs   (1,680)    1,710      30   
HSBC   (13,568)    13,412      (156
JPMorgan Chase Bank   (15,646)    15,111      (535
UBS   (10,333)    10,015      (318
             
        $ (696
             

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

 

Type of Contract    Number of
Contracts
Long (Short)
     Expiration
Date
     Unrealized
(Depreciation)
($ Thousands)
 

U.S. Ultra Long Treasury Bond

     2         Mar-2011       $ (5
              

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.

 

 

9    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

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

 

Total Return Swaps  
Counterparty   Reference Entity/Obligation    Fund Pays    Fund Receives      Termination
Date
     Currency     

Notional

Amount

(Thousands)

     Net Unrealized
Appreciation
(Depreciation)
($Thousands)
 
HSBC   Republic of Korea 5.000% 06/10/20    Cash Deposit Of Notional Amount      Price Return         06/10/20         KRW         2,217,000       $ 20   
Barclays Bank PLC   Republic of Korea 5.000% 06/10/22    Cash Deposit Of Notional Amount      Price Return         06/10/20         KRW         2,237,000         (5
                         
                    $ 15   
                         

 

Interest Rate Swap  
Counterparty   Fund Pays    Fund Receives    Termination Date      Currency      Notional
Amount
(Thousands)
     Net Unrealized
Appreciation
($Thousands)
 
HSBC   4.14%    KWCDC 3 Month Rate      12/02/20         KRW         4,200,000       $ 45   
                      

 

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

 

Investments in Securities   Level 1     Level 2     Level 3     Total  

Global Bonds

           782,492               782,492   

Loan Participations

                  21,988        21,988   

Convertible Bonds

           3,630               3.630   

Warrants

                           

Affiliated Partnership

           6,266               6,266   
                               

Total Investments in Securities

  $      $ 792,388      $ 21,988      $ 814,376   
                               
       
Other Financial Instruments   Level 1     Level 2     Level 3     Total  

Futures Contracts*

  $ (5   $      $      $ (5

Forward Contracts*

           (696            (696

Total Return Swaps

           15               15   

Interest Rate Swap

           45               45   
                               

Total Other Financial Instruments

  $ (5   $ (636   $      $ (641
                               

 

*   Future contracts and forward contracts are valued at the net unrealized appreciation (depreciation) on the instrument.

 

     Loan Participations  

Beginning balance as of October 1, 2010

   $ 21,781   

Accrued discounts/premiums

     4   

Realized gain/(loss)

     (5

Change in unrealized appreciation/(depreciation)

     (528

Net purchases

     997   

Net sales

     (261

Net transfer in and/or out of Level 3

       
        

Ending balance as of December 31, 2010

   $ 21,988   
        

Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date.

   $ 224   
        

Percentages are based on a Net Assets of $852,340($ Thousands).

 

*   Non-income producing security

 

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

 

  Affiliated Security

 

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

 

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

 

(B)   Securities considered illiquid. The total market value of such securities as of December 31, 2010 was $36,174($ Thousands) and represented 4.2% of Net Assets.

 

(C)   Variable Rate Security - The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2010.

 

(D)   Step Bonds - The rate reflected on the Schedule of Investments is the effective yield on December 31, 2010. The coupon on a step bond changes on a specified date.
(E)   Security in default on interest payments.
(F)   This security or a partial position of this security is on loan at December 31, 2010. The total market value of securities on loan at December 31, 2010 was $6,038 ($ Thousands).
 

 

10    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Schedule of Investments (Unaudited)

Emerging Markets Debt Fund

December 31, 2010

 

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

 

(H)   This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2010 was $6,266 ($ Thousands).

 

§   At December 31, 2010, the tax basis cost of the Fund’s investments was $750,424 ($ Thousands), and the unrealized appreciation and depreciation were $79,065($ Thousands) and ($15,113)($ Thousands), respectively.

AED — United Arab Emirates Dirham

ARS — Argentine Peso

BRL — Brazilian Real

CNY — Chinese Yuan

COP — Colombian Peso

CV — Convertible Security

DEM — German Mark

EUR — Euro

IDR — Indonesian Rupiah

INR — Indian Rupee

KRW — Korean Won

KWCDC — Korean Won Certificate of Deposit

L.P. — Limited Partnership

MTN — Medium Term Note

MXP — Mexican Peso

MYR — Malaysian Ringgit

PIK — Payment-in-Kind

PLN — Polish Zloty

RUB — Russian Ruble

Ser — Series

USD — U.S. Dollar

ZAR — South African Rand

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

For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.

 

 

11    SEI Institutional International Trust / Quarterly Report / December 31, 2010


Item 2. Controls and Procedures

(a) The Registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”) are effective (except as noted below), based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 as of a date within 90 days of the filing date of this report.

Subsequent to the last fiscal quarter, the Registrant’s fund accounting agent has advised management that certain of their controls related to when changes to security terms recorded in the accounting system have not been authorized by the fund accounting agent’s management, including security interest yields, were not operating effectively.

(b) There was no change in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting. Subsequent to the Registrant’s last fiscal quarter, a new control has been implemented to ensure the timely detection of changes to fixed income securities that materially impact a security’s interest yield.

 

Item 3. Exhibits.

(a) A separate certification for the principal executive officer and the principal financial officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2(a)), are filed herewith.


SIGNATURES

Pursuant to the requirements of the securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant) SEI Institutional International Trust
By (Signature and Title)     /S/    ROBERT A. NESHER
  Robert A. Nesher, Chief Executive Officer

Date: March 1, 2011

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)     /S/    ROBERT A. NESHER
  Robert A. Nesher, Chief Executive Officer

Date: March 1, 2011

 

By (Signature and Title)     /S/    STEPHEN F. PANNER
  Stephen F. Panner, Controller & CFO

Date: March 1, 2011