N-CSR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-05601

SEI Institutional International Trust

(Exact name of registrant as specified in charter)

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Address of principal executive offices) (Zip code)

CT Corporation

155 Federal Street

Boston, MA 02110

(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, 2013

Date of reporting period: September 30, 2013

Item 1. Reports to Stockholders.

September 30, 2013

ANNUAL REPORT

SEI Institutional International Trust

† International Equity Fund

† Emerging Markets Equity Fund

† International Fixed Income Fund

† Emerging Markets Debt Fund

TABLE OF CONTENTS

Management’s Discussion and Analysis of Fund Performance	1
Schedules of Investments	7
Statements of Assets and Liabilities	55
Statements of Operations	56
Statements of Changes in Net Assets	57
Financial Highlights	59
Notes to Financial Statements	60
Report of Independent Registered Public Accounting Firm	70
Trustees and Officers of the Trust	71
Disclosure of Fund Expenses	74
Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreements	75
Notice to Shareholders	78

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

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

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

SEI INSTITUTIONAL INTERNATIONAL TRUST — SEPTEMBER 30, 2013

International Equity Fund

I. Objective

The International Equity Fund (the “Fund”) seeks to provide long-term capital appreciation.

II. Multi-Manager Approach Statement

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2013: Acadian Asset Management LLC, Causeway Capital Management LLC, del Rey Global Investors LLC, INTECH Investment Management LLC, Neuberger Berman Management LLC, Schroder Investment Management North America, Inc. and Tradewinds Global Investors LLC. For the year ended September 30, 2013, there were no manager additions or deletions to the Fund.

III. Market Commentary

For the year ended September 30, 2013, we saw a continuation of strong equity returns. Japan was the best-performing region, with the election of Prime Minister Shinzo Abe and his implementation of the “3 Arrows” reform program aimed at revitalizing the country to regain competitiveness and spur inflation and growth. Continuous incremental improvements in Europe and an unwavering stance toward accommodation by the European Central Bank helped improve market sentiment in the region, making it the second-best performer during the period. Issues still remain, however, including stubbornly high unemployment in the eurozone — particularly among young workers in periphery countries. Emerging-market nations have seemingly disconnected from developed markets, and experienced drastic underperformance for the period. Weaker growth reports and faltering purchasing managers’ index figures in China, rate hikes and public protests in Brazil, and capital flight and a rapidly deteriorating currency in India have all weighted on emerging markets this year.

IV. Return vs. Benchmark

For the year ended September 30, 2013, the Fund’s Class A shares underperformed the MSCI EAFE Index (the “Index”), returning 20.47% versus the Index return of 23.77%.

V. Fund Attribution

At the sector level, Fund underperformance came mainly from stock selection. Selection in Materials, specifically gold mining companies, drove negative results as did selection in energy. In contrast, selection in Health Care contributed to performance. Regionally, the Fund had positive stock selection, with particularly strong results out of Europe. The Fund’s allocation among the countries drove the underperformance. Its ex-benchmark exposure to Canada was the largest detractor, which represents the gold mining stocks. The Fund’s modest exposure to emerging markets also detracted, as developed markets markedly outperformed emerging for the period under consideration.

Currency futures and forwards were utilized by the Fund during the period to mitigate the risk from their overweight exposures to foreign currencies. However, the allocation to currency contracts at the Fund level and the overall impact on performance was negligible.

International Equity Fund:

AVERAGE ANNUAL TOTAL RETURN¹

	One Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date
Class A		20.47%		7.02%		3.44%		5.24%		3.53%
Class I		20.19%		6.78%		3.20%		4.98%		3.46%
MSCI EAFE Index		23.77%		8.47%		6.35%		8.01%		4.62%

Comparison of Change in the Value of a $100,000 Investment in the International Equity Fund, Class A and Class I, versus the MSCI EAFE Index

¹  For the year ended September 30, 2013. Past performance is no indication of future performance. Class I Shares were offered beginning on January 4, 2002. Class A Shares were offered beginning December 20, 1989. The performance of Class I Shares may be lower than the performance of Class A Shares because of different distribution fees paid by Class I shareholders. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional International Trust / Annual Report / September 30, 2013 1

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

SEI INSTITUTIONAL INTERNATIONAL TRUST — SEPTEMBER 30, 2013

Emerging Markets Equity Fund

I. Objective

The Emerging Markets Equity Fund (the “Fund”) seeks capital appreciation.

II. Multi-Manager Approach Statement

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corp. (SIMC). The Fund utilized the following sub-advisors as of September 30, 2013: Delaware Investment Fund Advisers, JO Hambro Capital Management Limited, Kleinwort Benson Investors International Ltd., Lazard Asset Management LLC, Neuberger Berman Management LLC and PanAgora Asset Management, Inc. For the year ended September 30, 2013, The Boston Company Asset Management LLC was terminated during the period.

III. Market Commentary

For the year ended September 30, 2013, emerging markets drastically underperformed developed markets. This was driven in part by individual macro issues in various countries. Weaker growth reports and faltering sentiment in China stalled performance; though the nation still posted a respectable gain for the period. China’s leaders have pledged to keep growth above an annual rate of 7% in order to prevent unemployment from rising. Rapidly deteriorating currencies and substantial current account deficits in India and Indonesia weighed heavily on performance. In Brazil, public protesting to spur reform and rate hikes to combat inflation took their toll on performance during the time period. Another hurdle for emerging markets earlier in the time period was the constant threat of central banks tapering liquidity measures. Central banks later reconfirmed a stance toward accommodation and emerging markets has seen a sharp recovery in recent months. Additionally, we’ve seen continuous incremental improvements finally bring Europe out of recession. This is positive for emerging markets, as Europe is one of their largest export markets.

IV. Return vs. Benchmark

For the year ended September 30, 2013, the Fund outperformed the MSCI Emerging Markets Index (Gross) (the “Index”), returning 3.29% versus the Index return of 1.33%.

V. Fund Attribution

The Fund experienced strong stock selection during the period, most notably in Consumer Staples, Industrials and Telecommunications. An underweight to materials also helped boost performance during the period. The Fund’s selection across regions was also strong, particularly in China and Thailand in the Asia region and Mexico and Brazil in the Latin America region. Holdings in Hong Kong-listed Chinese companies also added to performance. The Fund had negative selection in India for the time period.

Emerging Markets Equity Fund:

AVERAGE ANNUAL TOTAL RETURN¹

	One Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date
Class A		3.29%		(2.07)%		5.39%		10.35%		4.90%
MSCI Emerging Markets Index (Gross)		1.33%		0.00%		7.56%		13.16%		6.76%

Comparison of Change in the Value of a $100,000 Investment in the

Emerging Markets Equity Fund, Class A, versus the MSCI Emerging Markets Index (Gross)

¹  For the year ended September 30, 2013. Past performance is no indication of future performance. Class A Shares were offered beginning January 17, 1995. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

2 SEI Institutional International Trust / Annual Report / September 30, 2013

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

SEI INSTITUTIONAL INTERNATIONAL TRUST — SEPTEMBER 30, 2013

International Fixed Income Fund

I. Objective

The International Fixed Income Fund (the “Fund”) seeks to provide capital appreciation and current income.

II. Multi-Manager Approach Statement

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub advisers as of September 30, 2013: AllianceBernstein, L.P., FIL Investment Advisors and Wellington Management Company, LLP. For the year ended September 30, 2013, no manager changes were made.

III. Market Commentary

The last quarter of 2012 was heavily influenced by political developments in the U.S., Europe and China. The U.S. election was the first source of uncertainty, followed by the fiscal cliff a few weeks later. In Europe, support of the European Central Bank’s (ECB) Outright Monetary Transactions framework and positive news from the European Union summit fueled another bout of risk appetite. Greece and Spain kept investors on their toes, as the former was still in limbo regarding its debt sustainability whereas the latter had less pressure to ask for a conditional credit line. The economic situation in Europe was nevertheless still dismal. China went through a political leadership transition, which happens once every decade.

The first quarter of 2013 saw two major events developing within Europe. In Italy, the national elections saw a strong vote against austerity and the political establishment — and the worst possible outcome for the markets actually occurred, with a hung parliament. The second major event came from Cyprus; the island experienced acute contagion from the Greek write-down and economic collapse, which led to a surge in non-performing loans. The Cyprus banking system was in urgent need of external capital during 2012, and has been able to survive through assistance from the ECB lending channel. The size of the Cypriot banking sector is seven times the size of Cyprus gross domestic product. In order to secure bailout packages of €10 billion from the Troika, Cyprus authorities agreed on

an adjustment program that included burden sharing of bank liabilities — including an upfront one-off stability levy to resident and non-resident depositors.

The second quarter saw volatility back on the table for financial markets, mostly coming from Japan’s unprecedented monetary easing and the U.S. Federal Reserve’s (“Fed”) moderation of asset purchases. The ECB delivered a widely expected 25 basis point interest-rate cut, bringing the refinance rate to 0.50%. The Bank argued that this move was consistent with mounting disinflationary pressure, ongoing weakness in activity (including core countries), and subdued monetary dynamics.

During the third quarter, most markets fluctuated significantly along with Fed communications. The Federal Open Market Committee’s main message was twofold: tapering should start later on this year if the U.S. economic recovery continues at the same pace, and tapering is not a hawkish signal per se and must be dissociated from a rate hike. Unsurprisingly, investors have had trouble digesting the seemingly mixed message. More surprising for the markets was the fact that the Fed stepped back from the widely expected September tapering move and downplayed the increased role of the unemployment rate in its forward guidance.

Yields in major Treasury markets (U.S., Europe and U.K.) are higher than a year ago. Spreads on government debt within the eurozone tightened significantly. Corporate-bond spreads continued to tighten, especially in Europe and in the financial sector, as companies strengthened their balance sheets.

IV. Return vs. Benchmark

For the year ended September 30, 2013, the Fund underperformed the Barclays Global Aggregate ex-USD Index, Hedged (the “Index”) returning 0.77% versus the Index return of 2.07%.

V. Fund Attribution

Wellington was the main detractor over the period, whereas AllianceBernstein and FIL were both mildly positive. The Fund kept a relative short-duration position throughout the year, which was positive — especially during the second part of the year. The main contributor to performance was the asset-allocation call, specifically

SEI Institutional International Trust / Annual Report / September 30, 2013 3

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

SEI INSTITUTIONAL INTERNATIONAL TRUST — SEPTEMBER 30, 2013

International Fixed Income Fund (Concluded)

the overweight to the corporate bond sector (especially industrials and financials) and securitized debt at the expense of the government and government-related sectors. Another positive driver of performance was security selection within the corporate and securitized sub-sectors. Nevertheless, country relative-value positioning within the government bond sector significantly detracted from relative performance, especially the long U.S. duration positioning in June. The long Australian duration was a significant detractor too. The Fund continued to hold an underweight to the European peripheral countries, as our managers believed that other sectors offered better risk-return opportunities; this was a negative strategic decision because most peripheral countries outperformed Germany, as witnessed by their tighter spread to Germany.

Treasury futures and interest-rate swaps were used to efficiently assist in managing the Fund’s duration and yield-curve exposures. This did not have a material impact on Fund performance.

Currency forwards were used to assist in managing the Fund’s foreign currency risk. This did have a material impact on Fund performance, as the Fund is U.S.-dollar hedged and currency forwards are the primary financial instrument to negate currency translation risk.

International Fixed Income Fund:

AVERAGE ANNUAL TOTAL RETURN¹

	One Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date
Class A		0.77%		2.47%		4.80%		3.18%		4.43%
Barclays Global Aggregate ex-US Index, Hedged		2.07%		3.06%		4.70%		4.27%		5.96%

Comparison of Change in the Value of a $100,000 Investment in the International Fixed Income Fund, Class A, versus the Barclays Global Aggregate ex-US Index, Hedged

¹  For the year ended September 30, 2013. Past performance is no indication of future performance. Class A Shares were offered beginning September 1, 1993. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

4 SEI Institutional International Trust / Annual Report / September 30, 2013

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

SEI INSTITUTIONAL INTERNATIONAL TRUST — SEPTEMBER 30, 2013

Emerging Markets Debt Fund

I. Objective

The Emerging Markets Debt Fund (the “Fund”) seeks to maximize total return.

II. Multi-Manager Approach Statement

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corp. (SIMC). The Fund utilized the following sub-advisers as of September 30, 2013: Ashmore Investment Management Limited, Investec Asset Management Ltd. and Stone Harbor Investment Partners LP. For the year ended September 30, 2013, Investec Asset Management Ltd. was added to the Fund; ING Investment Management Advisors, B.V. was terminated during the period.

III. Market Commentary

For the year ended September 30, 2013, emerging markets debt (“EMD”) declined 3.87% in U.S. dollar terms (as measured by the blended benchmark described below) and experienced sporadic volatility and a material reversal of positive technicals. In the early stages of the period, markets were coming to grips with another round of quantitative easing (“QE”), followed by U.S. debt ceiling concerns and U.S. elections. After some positive momentum into the New Year and a continued surge of inflows into EMD, the U.S. Federal Reserve (“Fed”) dampened sentiment with talks of reducing its QE program. The news led U.S. Treasury yields to rise quickly, as investors came to grips with the potential end of monetary easing and began to price in higher rates. The news also caused a flurry of money to leave EMD only months after seeing a record year of inflows in the previous year.

Emerging-markets local-currency debt returned (3.74)% over the past twelve months (as measured by the JP Morgan GBI-EM Global Diversified Index in U.S. dollar terms) and was quite volatile. The market gained strength in the early stages of the period from good fundamentals, strong inflows and positive sentiment, yet investors fled on news of the Fed tapering its bond-buying program. Unfortunately for many investors, currencies that were hit the most were some of the most liquid and widely-held currencies in emerging markets, but also

those that typically experience the greatest impact during volatility. These include the Brazilian real, the Indonesian rupiah, the Indian rupee and the South African rand. Even the Mexico peso suffered for a short period, before recouping some of its losses after passing favorable reform measures. Yields in local-currency debt widened by about 180 basis points, further increasing attractiveness against developed world bonds.

Hard-currency debt, as reflected by the JP Morgan EMBI Global Diversified Index, returned (4.06)% in U.S. dollar terms and, despite its sharp decline during the spring, performed as it should have in a rising-rate environment. With U.S. Treasury yields rising sharply (by over 1% initially) external EMD declined by about 7%, in line with benchmark duration. The yield in dollar debt also saw significant widening, and spreads underperformed U.S. Treasuries. While high-yield credit sold off, investment-grade credit was the worst-performing quality bucket, given its high correlation with US Treasuries. Investors are likely to be skeptical of dollar debt because of its long-duration characteristics, but the spread and yield backup make the sector much more attractive.

Growth expectations in emerging markets improved at the start of 2013, but actual results proved that growth would be more challenging as gross domestic product (GDP) targets were revised down and rising deficits started to become a concern. Nonetheless, GDP growth in emerging-market continues to outpace that of the developed world. We believe fundamentals are still solid, despite the flight of money from the asset class, and the market experienced some important upgrades from rating agencies during the year. The asset class may not see the surge of inflows that it has in recent years, because of the potential risk of higher interest rates signaled by the Fed — even though it appears that no material interest-rate hikes are likely until 2015.

IV. Return vs. Benchmark

For the fiscal year ended September 30, 2013, the Fund underperformed a Hybrid of 50% JP Morgan EMBI Global Diversified Index and 50% JP Morgan GBI-EM Global Diversified Index, returning -5.19% versus the Hybrid return of -3.87%.

SEI Institutional International Trust / Annual Report / September 30, 2013 5

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

SEI INSTITUTIONAL INTERNATIONAL TRUST — SEPTEMBER 30, 2013

Emerging Markets Debt Fund (Concluded)

V. Fund Attribution

Adding to the Fund’s relative return for the period was an overweight to corporate debt, which outperformed both external and local debt. An overweight to cash also helped. Within corporate debt, allocations to China, Kazakhstan, Russia and the United Arab Emirates (“UAE”) benefited the most. Security selection in quasi-sovereign debt in Venezuela also contributed to relative returns.

At the country level, security selection in Peruvian local and external debt benefited, as positioning in shorter maturities outperformed long-dated bonds. An overweight in Russia added to relative returns, including both corporate and external debt, where the country continued to display strong fundamentals and benefited from giving foreign investors access to the local-bond market. The UAE was additive to portfolio returns, as the region had a strong recovery from its crisis from a few years ago. Selection in Venezuela contributed to returns as well, as these have a shorter duration than the country’s Republic bonds and are more tightly held by investors. An underweight in Turkey added, as protests returned to the country and again caused panic among investors — sending the country’s bonds and currency lower.

Detracting from relative returns was security selection in both external and local-currency debt. External debt underperformed local-currency debt largely due to its long duration, which negatively impacted the sector once U.S. Treasury yields climbed higher following the Fed’s tapering remarks. An overweight to the Brazilian real significantly detracted, as the rates were priced higher and the currency declined on protests, growth concerns and removal of central bank currency intervention. Political problems, deficits and wage and strike issues led to a decline in the South African rand, which also had a negative impact on performance. An overweight in Argentina hurt performance, as the country was given a negative U.S. court ruling that ordered past payment on defaulted debt. Security selection in Indonesia detracted on rising deficits, as did selection in Mexico after U.S. economic data disappointed. Currency forwards and swap contracts were used in the Fund for the year ended September 30, 2013 as a way to either hedge particular positions or gain exposure to additional areas of the market. During the third quarter, FX hedges on local-currency bonds benefited relative performance by reducing

potential losses as the dollar rallied against emerging-market currencies. Generally speaking, derivatives allow for more efficient portfolio management, especially in times of volatility.

Emerging Markets Debt Fund

AVERAGE ANNUAL TOTAL RETURN¹

	One Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date
Class A		(5.19)%		3.71%		9.46%		9.19%		9.72%
J.P. Morgan EMBI Global Diversified Index		(4.06)%		4.95%		9.75%		8.46%		9.12%
J.P. Morgan GBI-EM Global Diversified Index		(3.74)%		1.84%		7.28%		10.05%		N/A
50/50 Hybrid consisting of the J.P. Morgan EMBI Global Diversified Index and the J.P. Morgan GBI-EM Global Diversified Index		(3.87)%		3.46%		8.60%		9.33%		N/A

Comparison of Change in the Value of a $100,000 Investment in the Emerging Markets Debt Fund, Class A, versus a 50/50 Hybrid of the Following Indexes: the J.P. Morgan EMBI Global Diversified Index, and the J.P. Morgan GBI-EM Global Diversified Index

¹  For the year ended September 30, 2013. Past performance is no indication of future performance. Class A Shares were offered beginning June 26, 1997. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

N/A — Not Available.

6 SEI Institutional International Trust / Annual Report / September 30, 2013

SCHEDULE OF INVESTMENTS

International Equity Fund

September 30, 2013

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 93.6%
Australia — 2.6%
Alumina		75,103	$	72
Amcor (A)		419,040		4,098
AMP (A)		86,982		375
APA Group (A)		93,448		522
Asciano Group (A)		28,973		158
Australia & New Zealand Banking Group (A)		40,069		1,153
Australian Stock Exchange (A)		7,277		235
Bendigo and Adelaide Bank (A)		57,755		541
BHP Billiton (USD) ADR		49,100		3,265
BlueScope Steel (A)		102,155		447
Boral (A)		32,890		148
Brambles		1,498,155		12,762
Caltex Australia		67,037		1,159
Centamin*		194,915		140
CFS Retail Property Trust Group (A) (B)		13,911		26
Cochlear (A)		1,264		71
Collins Foods		22,496		36
Commonwealth Bank of Australia (A)		46,353		3,086
Computershare (A)		17,317		161
Crown (A)		57,128		831
CSL		67,859		4,061
Dexus Property Group (A) (B)		579,366		544
DuluxGroup		69,548		343
Flight Centre		11,111		502
Goodman Group (B)		416,042		1,898
GPT Group (A) (B)		47,237		154
Iluka Resources (A)		293,245		3,142
Insurance Australia Group		460,594		2,528
Lend Lease (A)		77,714		738
Macquarie Group		35,396		1,586
Metcash (A)		39,193		117
National Australia Bank (A)		6,884		221
Newcrest Mining		215,793		2,361
Ramsay Health Care (A)		30,614		1,037

Description	Shares		Market Value ($ Thousands)
RCR Tomlinson		41,735	$	140
Roc Oil*		155,859		72
Seek (A)		28,790		320
Sims Metal Management (A)		16,320		146
Sonic Healthcare		8,777		133
Suncorp Group (A)		185,726		2,270
Tatts Group (A)		297,431		862
Telstra (A)		831,090		3,862
Toll Holdings (A)		48,715		266
Transurban Group (A)		33,522		213
Treasury Wine Estates		13,743		57
Wesfarmers (A)		29,979		1,153
Westfield Group (A) (B)		83,316		858
Westfield Retail Trust (A) (B)		201,277		559
Westpac Banking (A)		45,335		1,387
Woolworths		14,710		481
				61,297
Austria — 0.4%
Andritz		98,101		5,770
Erste Group Bank		34,247		1,083
IMMOFINANZ (A)		91,835		401
OMV		48,346		2,389
Vienna Insurance Group		2,766		142
				9,785
Belgium — 1.3%
Ageas		122,755		4,975
Anheuser-Busch InBev		32,980		3,285
Belgacom		309,331		8,228
Colruyt (A)		107,521		5,973
Delhaize Group		20,379		1,285
Groupe Bruxelles Lambert		19,728		1,679
KBC Groep		91,477		4,497
Solvay		865		130
Telenet Group Holding		3,251		162
UCB		4,980		303
				30,517
Brazil — 0.6%
Banco Santander Brasil ADR		321,103		2,232
Braskem ADR*		14,807		236
Centrais Eletricas Brasileiras		147,600		416
Centrais Eletricas Brasileiras ADR (A)		435,469		1,224
Cia Energetica de Minas Gerais ADR		229,519		1,983
Cia Paranaense de Energia ADR (A)		59,795		835
Gerdau ADR		142,410		1,062
Petroleo Brasileiro ADR		152,822		2,367
Telefonica Brasil ADR		54,880		1,232
Tim Participacoes ADR		70,646		1,665
				13,252
Canada — 3.6%
Agrium		64,626		5,431

SEI Institutional International Trust / Annual Report / September 30, 2013 7

SCHEDULE OF INVESTMENTS

International Equity Fund (Continued)

September 30, 2013

Description	Shares		Market Value ($ Thousands)
Alimentation Couche Tard, Cl B		41,300	$	2,580
Atrium Innovations*		7,400		126
Bank of Nova Scotia		56,400		3,237
Barrick Gold		364,861		6,794
Cameco		110,084		1,989
Canadian Natural Resources (A)		41,500		1,307
Canadian Pacific Railway (A)		40,351		4,989
Celestica*		6,200		68
Cenovus Energy (A)		86,998		2,602
Davis & Henderson*		11,305		296
Dollarama		65,400		5,326
Dominion Diamond*		9,203		113
Empire		15,200		1,100
Enerflex		4,886		66
Ensign Energy Services		15,700		269
Imperial Oil		205,900		9,060
Kinross Gold		979,071		4,944
Linamar*		6,200		200
Magna International, Cl A		64,200		5,305
Martinrea International* (C)		7,800		80
Mullen Group		13,800		337
New Gold*		499,100		2,981
Quebecor, Cl B		11,000		261
Royal Bank of Canada		8,700		559
ShawCor		8,200		347
Silver Wheaton		160,400		3,982
Suncor Energy		307,402		11,009
Superior Plus (A)		6,500		70
Talisman Energy		230,683		2,653
Toronto-Dominion Bank (A)		84,785		7,650
Transcontinental, Cl A		5,400		77
				85,808
China — 0.3%
AAC Technologies Holdings		147,500		670
Huaneng Power International		1,416,600		1,414
Industrial & Commercial Bank of China		4,546,000		3,171
Lihua International* (A)		14,953		75
Shanghai Electric Group		6,158,000		2,192
Yangzijiang Shipbuilding Holdings		255,000		223
				7,745
Denmark — 0.9%
AP Moeller - Maersk, Cl B		282		2,587
Carlsberg, Cl B		2,849		294
Coloplast, Cl B		26,914		1,533
Jyske Bank*		145,581		7,235
Novo Nordisk, Cl B		31,997		5,436
Novozymes, Cl B		3,431		131
Rockwool International, Cl B		499		81
TDC		33,067		280
Tryg		48,241		4,443
				22,020

Description	Shares		Market Value ($ Thousands)
Finland — 0.2%
Huhtamaki		7,436	$	159
Kone, Cl B		11,990		1,070
Orion, Cl B		4,673		118
Pohjola Bank, Cl A		39,509		657
Sampo, Cl A		31,175		1,340
Stora Enso, Cl R		140,879		1,195
Tieto		15,404		329
UPM-Kymmene		37,398		518
Wartsila, Cl B		7,027		318
				5,704
France — 10.7%
Aeroports de Paris		711		75
Alstom		84,169		3,000
Arkema		117,415		13,089
Assystem		2,058		51
AtoS		8,993		703
AXA		337,529		7,824
BNP Paribas		364,400		24,664
Boiron		1,900		124
Bureau Veritas		41,923		1,322
Cap Gemini		10,247		610
Carrefour		166,933		5,734
Casino Guichard Perrachon		624		64
Cie Generale des Etablissements-Michelin, Cl B		24,268		2,693
Credit Agricole		156,176		1,723
Danone		48,100		3,623
Dassault Systemes		1,092		146
Electricite de France		89,681		2,838
Essilor International		45,802		4,929
European Aeronautic Defence and Space		88,420		5,637
Eutelsat Communications		244,189		7,725
GDF Suez		202,947		5,102
Gecina (B)		2,697		345
Iliad		4,473		1,044
Kering		31,896		7,152
Klepierre (B)		6,511		282
Lafarge		35,545		2,477
Lagardere		17,030		553
Legrand		176,590		9,804
L’Oreal		37,619		6,465
Nexity		8,567		306
Pernod Ricard		28,849		3,585
Publicis Groupe		61,801		4,921
Renault		11,848		945
Rexel		372,152		9,471
Safran		198,168		12,215
Sanofi		403,713		40,970
Schneider Electric		233,621		19,768
SCOR		8,168		271
SES		22,884		655
Societe Generale		24,147		1,204

8 SEI Institutional International Trust / Annual Report / September 30, 2013

Description	Shares		Market Value ($ Thousands)
Sodexo		90,992	$	8,495
Technip		67,841		7,970
Teleperformance		4,248		206
Thales		66,368		3,651
Total		151,647		8,805
Unibail-Rodamco (B)		1,173		291
Valeo		22,621		1,933
Vallourec		38,968		2,335
Vivendi		89,207		2,053
Wendel		7,326		994
Zodiac Aerospace		1,935		308
				251,150
Germany — 8.6%
Adidas		72,823		7,904
Allianz		17,725		2,788
Amadeus Fire		973		63
BASF		5,667		544
Bayer		135,214		15,953
Bayerische Motoren Werke		3,486		375
Borussia Dortmund GmbH & KGaA		22,765		116
Brenntag		48,787		8,126
Commerzbank*		178,079		2,051
Continental		75,390		12,787
Daimler		251,746		19,636
Deutsche Bank		200,723		9,222
Deutsche Boerse		133,812		10,073
Deutsche Lufthansa		232,865		4,544
Deutsche Post		59,477		1,975
Deutz*		13,983		126
E.ON		232,699		4,142
Freenet		7,625		185
Fresenius		2,417		300
GEA Group		183,953		7,559
Gerresheimer		3,486		209
Gildemeister		9,331		254
Grammer		6,818		261
Hannover Rueck		11,647		857
HeidelbergCement		106,511		8,220
Henkel		13,348		1,183
Hochtief		2,195		192
Hugo Boss		558		72
Infineon Technologies		796,481		7,973
Kabel Deutschland Holding		14,887		1,894
LANXESS		465		30
Linde		72,137		14,296
Merck		34,064		5,319
Muenchener Rueckversicherungs		46,158		9,026
OSRAM Licht*		4,848		228
SAP		71,049		5,258
SAP ADR (A)		71,300		5,270
Siemens		183,096		22,073
Suedzucker (A)		36,145		1,066
Symrise		176,938		7,843

Description	Shares		Market Value ($ Thousands)
ThyssenKrupp		74,713	$	1,788
United Internet		17,453		661
Volkswagen		149		34
				202,476
Greece — 0.0%
Coca-Cola HBC		2,803		83
Hellenic Telecommunications Organization		24,002		250
Navios Maritime Holdings*		20,189		144
OPAP		16,815		188
				665
Hong Kong — 3.0%
AIA Group		2,144,800		10,081
BOC Hong Kong Holdings		62,000		199
Chaoda Modern Agriculture* (A) (D)		2,440,000		—
Cheung Kong Holdings		1,000		15
Cheung Kong Infrastructure Holdings		41,000		284
China Merchants Holdings International		898,000		3,265
China Mobile		446,000		4,983
China Mobile ADR		147,100		8,301
CLP Holdings		101,000		823
CNOOC		3,950,000		8,037
First Pacific		678,000		749
Galaxy Entertainment Group*		392,000		2,750
Hang Seng Bank		16,700		272
Henderson Land Development		127,099		785
HKT Trust		102,000		96
Hong Kong & China Gas		319,660		769
Hong Kong Exchanges and Clearing (A)		3,500		56
Hongkong Land Holdings		836,000		5,518
Hopewell Holdings		21,500		72
Hutchison Whampoa		184,500		2,210
Hysan Development (A)		32,000		143
Jardine Matheson Holdings		87,700		4,815
Jardine Strategic Holdings		246,110		8,331
MGM China Holdings		180,800		600
New World Development		508,000		764
Power Assets Holdings		49,500		443
SJM Holdings		178,000		500
Sun Hung Kai Properties		15,000		204
Swire Properties		57,600		162
Wharf Holdings		205,000		1,776
Wheelock		181,000		960
Yue Yuen Industrial Holdings		884,000		2,468
				70,431
India — 0.4%
Idea Cellular		3,021,776		8,121

SEI Institutional International Trust / Annual Report / September 30, 2013 9

SCHEDULE OF INVESTMENTS

International Equity Fund (Continued)

September 30, 2013

Description	Shares		Market Value ($ Thousands)
Ireland — 0.4%
Bank of Ireland*		2,722,808	$	774
Elan*		14,047		219
Kerry Group, Cl A		2,283		139
Ryanair Holdings ADR		83,500		4,153
Smurfit Kappa Group		146,463		3,311
				8,596
Israel — 1.3%
Bank Hapoalim		127,129		643
Bank Leumi Le-Israel*		77,600		288
Bezeq Israeli Telecommunication		4,620,078		8,491
Check Point Software Technologies*		277,110		15,673
Teva Pharmaceutical Industries ADR		174,018		6,574
				31,669
Italy — 0.9%
Atlantia (A)		15,853		323
CNH Industrial*		4,934		63
Enel		38,303		147
ERG		162,161		1,634
Exor (A)		63,343		2,378
Fiat		136,230		1,086
Finmeccanica (A)		268,851		1,609
Gtech Spa		15,915		455
Intesa Sanpaolo		790,372		1,632
Iren		94,742		116
Italcementi		9,012		69
Luxottica Group		15,258		812
Mediobanca		6,091		43
Prysmian		2,527		62
Safilo Group*		9,105		179
Snam Rete Gas (A)		1,400,879		7,100
Telecom Italia RNC		5,785,210		3,844
Terna Rete Elettrica Nazionale		44,520		201
UniCredit		7,538		48
				21,801
Japan — 17.7%
Advantest (A)		5,900		68
AEON Financial Service		14,400		453
Aeon Mall		1,720		51
Aisin Seiki		1,600		68
Alfresa Holdings		9,500		490
Alpen		14,700		305
Amada		62,000		558
Aoyama Trading		8,400		229
Arcland Sakamoto		12,800		192
Asahi Broadcasting		5,100		38
Asahi Kasei		53,000		399
Asics		1,900		33
Astellas Pharma		178,000		9,070
Bank of Yokohama		260,000		1,486

Description	Shares		Market Value ($ Thousands)
Belluna		13,600	$	69
Benesse		136,800		4,977
Best Bridal (A)		13,000		97
Bridgestone		58,300		2,124
Calbee		2,400		70
Calsonic Kansei		162,000		867
Canon Marketing Japan		5,800		77
Casio Computer		10,900		101
Central Japan Railway		29,300		3,756
Chugai Pharmaceutical		9,700		199
Coca-Cola West		7,400		148
Dai Nippon Printing (A)		482,600		5,105
Daicel		108,000		974
Daihatsu Motor (A)		49,000		949
Daiichi Sankyo		89,400		1,620
Daikin Industries		13,600		722
Daikyo		175,000		558
Dainippon Sumitomo Pharma		17,400		237
Daito Trust Construction		29,600		2,959
Daiwa House Industry		226,000		4,256
Daiwa Securities Group		490,000		4,394
Denso		8,800		411
Doutor Nichires Holdings		6,200		109
Dydo Drinco		4,400		180
East Japan Railway		83,000		7,139
Electric Power Development		2,900		95
Fanuc		98,300		16,239
Fast Retailing		1,100		413
Fuji Film Holdings		168,200		4,035
Fuji Heavy Industries		130,000		3,590
Fuji Soft		7,600		144
Fujishoji		4,200		53
Fujitsu		182,000		679
Fukuoka Financial Group		14,000		63
Geo Holdings		20,000		187
Grandy House		16,800		61
GungHo Online Entertainment* (A)		1,007		783
Hachijuni Bank		275,000		1,710
Hankyu Hanshin Holdings		55,000		305
Hino Motors		242,000		3,561
Hiroshima Bank		16,000		68
Hitachi		2,168,000		14,295
Hitachi Construction Machinery		12,500		280
Hitachi Metals		19,000		233
Hokuhoku Financial Group		222,000		466
Hokuriku Electric Power		12,000		175
Hoya		12,000		284
Hulic		3,700		55
IHI		175,000		737
Iida Home Max		200		4
Infocom		6,400		58
Isetan Mitsukoshi Holdings		46,000		682
IT Holdings		56,400		712
Itochu		10,900		134

10 SEI Institutional International Trust / Annual Report / September 30, 2013

Description	Shares		Market Value ($ Thousands)
Iyo Bank		7,000	$	73
J Front Retailing		90,000		728
Japan Airlines		12,600		763
Japan Exchange Group		50,500		1,118
Japan Real Estate Investment, Cl A (B)		16		187
Japan Retail Fund Investment, Cl A (B)		236		486
JFE Holdings		1,100		29
JGC		272,000		9,813
JSR		3,300		61
Kamei		5,000		38
Kandenko		40,000		242
Kaneka		26,000		170
Kanematsu		158,000		214
Kanematsu Electronics		3,400		44
Kansai Paint		659,600		8,752
Kao		99,000		3,087
Kawasaki Heavy Industries		120,000		520
KDDI		250,300		12,856
Keyence		27,100		10,288
Kikkoman		19,000		348
Kinden		16,000		172
Kinki Sharyo (A)		14,000		47
Kirin Brewery		15,000		218
Kita-Nippon Bank		1,700		41
Kobe Steel		14,000		26
Koito Manufacturing		21,000		399
Kubota		47,000		679
Kuraray		10,400		125
Lawson		48,200		3,777
M3		24		66
Mabuchi Motor		164,200		8,651
Maeda Road Construction		4,000		66
Makita		33,800		1,963
Marui Group		27,500		258
Mazda Motor		564,000		2,512
McDonald’s Holdings Japan		3,200		88
Medipal Holdings		10,500		130
Miraca Holdings		74,300		3,317
Misawa Homes		24,600		390
Mitsubishi Estate		42,000		1,240
Mitsubishi Gas Chemical		17,000		143
Mitsubishi Heavy Industries		116,000		666
Mitsubishi Logistics		10,000		151
Mitsubishi Tanabe Pharma		145,900		2,047
Mitsubishi UFJ Financial Group		42,800		273
Mitsui Fudosan		47,000		1,578
Mitsui OSK Lines		140,000		632
Mizuho Financial Group		156,100		339
MS&AD Insurance Group Holdings		228,300		5,956
Murata Manufacturing		10,700		817
Namco Bandai Holdings		50,300		941
NEC Fielding		9,800		115
NEC Networks & System Integration		16,500		399
NGK Spark Plug		31,000		685

Description	Shares		Market Value ($ Thousands)
NHK Spring		13,700	$	140
Nichireki		6,289		56
Nintendo		35,000		3,970
Nippo		35,000		600
Nippon Building Fund, Cl A (B)		14		174
Nippon Densetsu Kogyo		5,000		54
Nippon Express		118,000		592
Nippon Telegraph & Telephone		183,600		9,505
Nippon Telegraph & Telephone ADR		173,332		4,517
Nippon Yusen		88,000		278
Nishi-Nippon City Bank		22,000		60
Nissan Tokyo Sales Holdings		20,000		62
Nisshin Fudosan		13,200		92
Nitto Denko (A)		18,000		1,172
Nomura Holdings		487,000		3,797
Nomura Real Estate Holdings		67,100		1,651
Nomura Research Institute		14,900		518
North Pacific Bank		374,800		1,578
NSK		26,000		265
NTT Data		13,900		468
NTT Urban Development		25,300		332
Oita Bank		16,000		53
Olympus		12,500		380
Omron		9,300		336
Ono Pharmaceutical		3,100		191
Oriental Land		3,500		579
ORIX		1,000		16
Otsuka		1,700		217
Otsuka Holdings		63,200		1,833
Panasonic		215,300		2,080
Park24		5,500		98
Rakuten		25,800		390
Resona Holdings		87,500		448
Ricoh		49,000		565
Rohm		66,200		2,719
Sankyo		52,300		2,556
Sanrio		101,700		6,250
Santen Pharmaceutical		80,200		3,895
Secom		77,400		4,843
Sega Sammy Holdings		2,200		63
Seino Holdings		124,000		1,264
Sekisui Chemical		783,000		7,964
Sekisui House		231,000		3,103
Sekisui Jushi		5,000		72
Seven & I Holdings		282,400		10,303
Shimamura		2,300		229
Shimano		900		80
Shindengen Electric Manufacturing*		19,000		138
Shin-Etsu Chemical		125,100		7,649
Shinko Shoji		5,000		43
Shionogi		49,100		1,031
Shiseido		423,500		7,613
Showa		39,300		528
Showa Shell Sekiyu		25,400		284

SEI Institutional International Trust / Annual Report / September 30, 2013 11

SCHEDULE OF INVESTMENTS

International Equity Fund (Continued)

September 30, 2013

Description	Shares		Market Value ($ Thousands)
SKY Perfect JSAT Holdings		19,600	$	102
SMC		95,900		22,811
Softbank		83,100		5,750
Sojitz		370,700		725
Sony (A)		116,600		2,493
Stanley Electric		10,500		223
Sugi Holdings		92,100		3,952
Sumitomo Forestry		15,700		170
Sumitomo Mitsui Financial Group		421,900		20,402
Sumitomo Mitsui Trust Holdings		1,258,220		6,219
Sumitomo Realty & Development		47,000		2,230
Sumitomo Rubber Industries		27,300		420
Suntory Beverage & Food*		3,000		101
Suruga Bank		37,000		636
Suzuken		26,400		869
Suzuki Motor		310,400		7,440
Sysmex		15,100		963
T&D Holdings		12,400		153
Taiheiyo Cement		30,000		131
Taiyo Nippon Sanso		38,000		255
Takashimaya		57,000		534
Terumo		1,600		82
Toho Holdings		45,100		823
Tokai		2,800		75
Tokyo Electron		82,200		4,406
Tokyo Tatemono		77,000		705
Tokyu		116,000		828
Tokyu Fudosan Holdings*		111,000		1,155
TonenGeneral Sekiyu		7,000		65
Toppan Printing		21,000		169
Toshiba		175,000		785
TOTO		41,000		574
Toyo Suisan Kaisha		16,000		469
Toyoda Gosei		3,100		76
Toyota Industries		8,000		345
Toyota Motor		435,100		27,802
Toyota Motor ADR (A)		19,698		2,522
Toyota Tsusho		41,100		1,074
TS Tech		1,300		51
Tsumura		3,300		97
United Urban Investment (B)		127		194
Wacoal Holdings		232,704		2,481
Warabeya Nichiyo		13,300		236
Watabe Wedding		6,395		48
Yahoo Japan		23,900		136
Yamaha Motor		52,500		767
Yamato Holdings		26,600		600
Yaskawa Electric		44,000		618
Yellow Hat		12,500		234
Yokohama Rubber		42,000		414
Yuasa Trading		38,000		77
				416,544

Description	Shares		Market Value ($ Thousands)
Malta — 0.0%
BGP Holdings* (D)		198,683	$	—
Mexico — 0.2%
America Movil ADR, Ser L		38,207		757
Grupo Financiero Banorte, Cl O		597,448		3,702
Industrias Bachoco ADR		1,349		53
				4,512
Netherlands — 5.9%
Aegon		404,623		2,996
Akzo Nobel		337,019		22,160
ASML Holding		60,878		6,016
Delta Lloyd		4,838		103
Gemalto		7,229		777
Heineken		103,509		7,341
Heineken Holding		12,825		812
ING Groep*		334,692		3,784
James Hardie Industries (A)		41,229		412
Koninklijke Ahold		783,346		13,578
Koninklijke DSM		26,505		2,001
Koninklijke Philips		30,070		970
PostNL		913,404		3,953
Randstad Holding		16,170		911
Reed Elsevier		875,515		17,617
Royal Dutch Shell, Cl A		456,046		15,058
Royal Dutch Shell, Cl B		150,861		5,215
Royal Dutch Shell ADR, Cl B		57,352		3,949
TNT Express		948,725		8,666
Unilever		359,635		13,999
Wolters Kluwer		349,121		9,005
				139,323
New Zealand — 0.1%
Contact Energy		19,577		88
Fletcher Building (A)		123,918		981
				1,069
Norway — 1.4%
DnB		1,042,015		15,818
Gjensidige Forsikring		42,261		638
Orkla		730,300		5,319
Seadrill		25,058		1,124
Statoil		445,559		10,113
Telenor		5,048		115
				33,127
Poland — 0.0%
Tauron Polska Energia		59,269		91
Portugal — 0.0%
Energias de Portugal		113,167		414
Galp Energia, Cl B		7,832		130

12 SEI Institutional International Trust / Annual Report / September 30, 2013

Description	Shares		Market Value ($ Thousands)
Jeronimo Martins		3,343	$	69
Sonae SGPS*		78,127		97
				710
Puerto Rico — 0.0%
Triple-S Management, Cl B*		7,516		138
Russia — 0.6%
Gazprom ADR		347,568		3,062
Sberbank of Russia ADR		824,621		9,920
Surgutneftegas ADR		8,414		72
				13,054
Singapore — 1.2%
Breadtalk Group		65,000		47
CapitaCommercial Trust (B)		209,000		241
CapitaLand		331,000		815
Chip Eng Seng		112,000		62
ComfortDelgro		311,000		488
DBS Group Holdings		951,000		12,445
Keppel		83,110		690
Keppel Land		87,000		245
Oversea-Chinese Banking		37,000		304
Sembcorp Industries		698,000		2,943
Sembcorp Marine (A)		1,397,000		5,044
Singapore Exchange		83,000		480
Singapore Technologies Engineering		320,000		1,063
Singapore Telecommunications		7,000		21
STATS ChipPAC*		236,000		61
United Overseas Bank		207,600		3,420
UOL Group		98,000		480
				28,849
South Africa — 0.1%
Gold Fields		410,327		1,879
Impala Platinum Holdings		61,491		757
				2,636
South Korea — 1.9%
Hyundai Motor		36,669		8,564
KB Financial Group ADR		65,141		2,281
KT ADR		300,400		5,038
KT&G		87,796		6,290
LG Display		58,090		1,403
Meritz Finance Group		22,180		104
Samsung Electronics		10,508		13,366
SK Telecom		16,318		3,318
SK Telecom ADR (A)		154,915		3,517
				43,881
Spain — 1.4%
Abertis Infraestructuras (A)		9,823		191
ACS Actividades de Construccion y Servicios		186		6

Description	Shares		Market Value ($ Thousands)
Amadeus IT Holding, Cl A (A)		63,214	$	2,242
Banco Bilbao Vizcaya Argentaria (A)		992,084		11,093
Banco Popular Espanol (A)		429,832		2,309
Distribuidora Internacional de Alimentacion		133,296		1,156
Enagas		40,638		997
Endesa		8,158		213
Ferrovial		84,523		1,521
Gas Natural		53,384		1,115
Grifols		24,079		989
Iberdrola (A)		18,269		106
Inditex (A)		2,502		386
Indra Sistemas (A)		424,772		6,374
Red Electrica (A)		742		42
Tecnicas Reunidas (A)		95,944		4,396
Zardoya Otis (A)		6,180		100
				33,236
Sweden — 2.2%
Assa Abloy, Cl B		25,368		1,165
Electrolux, Cl B		65,743		1,708
Elekta, Cl B		213,440		3,436
Hexagon, Cl B		27,707		836
Holmen, Cl B		10,959		353
Industrivarden, Cl C		15,884		292
Investor, Cl B		22,436		681
Kinnevik Investment, Cl B		4,981		172
Nordea Bank		941,003		11,354
Securitas, Cl B		6,624		76
Semcon		4,584		49
Skandinaviska Enskilda Banken, Cl A		833,122		8,833
Svenska Cellulosa, Cl B		30,257		763
Svenska Handelsbanken, Cl A		21,664		927
Swedbank, Cl A		233,783		5,449
Telefonaktiebolaget LM Ericsson, Cl B		845,793		11,259
Telefonaktiebolaget LM Ericsson ADR		244,504		3,264
				50,617
Switzerland — 9.0%
Actelion		2,736		194
Aryzta		913		61
Autoneum Holding*		609		73
Baloise Holding		9,884		1,093
Cie Financiere Richemont		6,212		622
Credit Suisse Group		18,511		565
EMS-Chemie Holding		1,806		639
Geberit		428		116
Georg Fischer		646		393
Givaudan		13,209		19,297
Holcim		1,191		89
Julius Baer Group		212,005		9,894
Lindt & Spruengli		85		566
Lonza Group		10,922		894
Nestle		233,881		16,359

SEI Institutional International Trust / Annual Report / September 30, 2013 13

SCHEDULE OF INVESTMENTS

International Equity Fund (Continued)

September 30, 2013

Description	Shares		Market Value ($ Thousands)
Novartis		361,672	$	27,798
OC Oerlikon		157,324		2,105
Partners Group Holding		22,919		5,619
Roche Holding		164,088		44,259
Schindler Holding		1,197		178
SGS		4,991		11,917
Siegfried Holding		717		116
Sika		2,878		8,390
Sonova Holding		31,195		3,878
STMicroelectronics		14,478		134
Sulzer		61,129		9,464
Swatch Group Registered		752		85
Swiss Life Holding		16,836		3,187
Swiss Re		31,259		2,586
Swisscom		123		59
Syngenta		20,904		8,540
UBS		209,172		4,292
UBS Registered		647,756		13,252
Weatherford International*		139,959		2,146
Zurich Insurance Group		50,371		12,974
				211,834
Taiwan — 0.0%
United Microelectronics ADR		464,745		957
United Arab Emirates — 0.1%
Dragon Oil		238,205		2,245
United Kingdom — 15.8%
3i Group		183,320		1,080
Aberdeen Asset Management		191,035		1,171
Admiral Group		5,614		112
Afren*		1,816,275		4,068
Amlin		1,120,309		7,351
Aon		72,800		5,419
ARM Holdings		28,340		453
Associated British Foods		194,501		5,909
AstraZeneca		90,226		4,698
Aviva		1,215,878		7,813
Babcock International Group		43,174		836
BAE Systems		1,011,185		7,441
Balfour Beatty		1,843,188		8,486
Barclays		3,816,662		16,410
Barratt Developments*		177,902		889
Berendsen		22,894		336
BG Group		861,749		16,474
BHP Billiton		286,272		8,437
BP		837,072		5,871
BP ADR		74,648		3,137
British American Tobacco		238,848		12,673
BT Group, Cl A		323,830		1,796
Bunzl		379,827		8,230
Capita		419,253		6,762
Carnival		126,179		4,279

Description	Shares		Market Value ($ Thousands)
Catlin Group		218,087	$	1,711
Centrica		1,341,746		8,033
Cobham		58,283		271
Compass Group		72,416		997
Diageo		336,005		10,692
Direct Line Insurance Group		17,690		61
easyJet		33,529		694
EnQuest*		47,528		100
Experian		307,188		5,855
GKN		17,922		99
GlaxoSmithKline		133,001		3,355
Hammerson (B)		3,169		26
Hargreaves Lansdown		24,809		394
Home Retail Group		3,099,301		8,437
HSBC Holdings		2,019,111		21,922
ICAP		403,915		2,448
IMI		17,223		406
Inmarsat		73,292		842
InterContinental Hotels Group		22,921		669
International Consolidated Airlines Group*		1,355,279		7,423
Intertek Group		29,017		1,553
Invensys		21,267		172
Investec		8,969		58
ITV		601,102		1,706
J Sainsbury		47,345		300
Johnson Matthey		39,455		1,794
Keller Group		5,152		87
Kingfisher		16,497		103
Land Securities Group (B)		7,313		109
Legal & General Group		615,761		1,956
Lloyds Banking Group*		10,818,692		12,891
London Stock Exchange Group		10,377		258
Meggitt		40,705		362
Michael Page International		498,499		3,974
Micro Focus International		26,141		321
Mondi		107,590		1,817
National Grid		6,120		72
Next		35,457		2,963
Old Mutual		200,151		608
Persimmon		50,032		880
Premier Oil		869,520		4,583
Prudential		525,748		9,800
QinetiQ Group		261,900		813
Reckitt Benckiser Group		6,305		461
Reed Elsevier		684,390		9,232
Rexam		638,769		4,982
Rio Tinto		113,810		5,572
Rolls-Royce Holdings		287,620		5,179
Royal Bank of Scotland Group*		14,103		82
SABMiller		144,051		7,333
Schroders		52,860		2,205
Shire		202,911		8,143
Smiths Group		2,583		59

14 SEI Institutional International Trust / Annual Report / September 30, 2013

Description	Shares		Market Value ($ Thousands)
Standard Life		483,191	$	2,703
Synthomer		47,167		182
Tate & Lyle		32,080		383
Taylor Wimpey		179,659		292
Tesco		3,144,716		18,282
Travis Perkins		106,964		2,858
TUI Travel		23,362		139
Tullow Oil		252,880		4,193
Unilever		1,180		47
Vodafone Group		6,606,055		23,107
Weir Group		4,978		188
Whitbread		23,720		1,139
William Hill		242,358		1,582
Wolseley		45,107		2,335
WPP		424,425		8,729
Xchanging		57,394		118
				371,271
United States — 0.8%
Alliance HealthCare Services*		4,442		123
Alon USA Energy		28,918		295
American Pacific*		3,330		182
Axis Capital Holdings		65,521		2,838
Computer Sciences		49,751		2,574
Consolidated Graphics*		1,811		102
Ducommun*		1,828		53
Evolving Systems		5,293		51
Exterran Holdings*		18,548		511
FBR*		2,328		62
Green Plains Renewable Energy		2,959		48
John B Sanfilippo & Son		2,229		52
Kirkland’s*		4,485		83
Manning & Napier, Cl A		4,985		83
Manpowergroup		29,599		2,153
Newmont Mining		123,700		3,476
Nielsen Holdings		62,700		2,285
NN		3,925		61
Northrop Grumman		34,813		3,316
PharMerica*		10,986		146
Providence Service*		2,445		70
Renewable Energy Group*		28,868		437
Repligen*		5,809		64
Republic Airways Holdings*		26,872		320
RPX*		10,803		189
Sciclone Pharmaceuticals*		11,157		57
TravelCenters of America*		12,622		99
Xerium Technologies*		8,322		97
				19,827
Total Common Stock (Cost $1,915,660) ($ Thousands)				2,204,958

Description	Shares/Face Amount ($ Thousands)		Market Value ($ Thousands)
PREFERRED STOCK — 0.8%
Germany — 0.8%
Bayerische Motoren Werke		5,127	$	418
Draegerwerk		2,624		335
Fuchs Petrolub		4,770		400
Henkel		97,065		10,008
Porsche		3,089		270
ProSiebenSat.1 Media		22,254		946
Sto		314		57
Volkswagen		28,091		6,626
Total Preferred Stock (Cost $16,811) ($ Thousands)				19,060
U.S. TREASURY OBLIGATIONS (E) (F) — 0.4%
U.S. Treasury Bills
0.051%, 02/06/2014	$	3,856		3,856
0.040%, 01/09/2014		4,516		4,516
Total U.S. Treasury Obligations (Cost $8,371) ($ Thousands)				8,372
	Number Of Rights
RIGHTS — 0.0%
Hong Kong — 0.0%
New World Development, Expires 10/01/2013* (D)		10		—
Spain — 0.0%
Abertis Infraestructuras, Expires 10/31/2013* (A)		10		9
Banco Bilbao Vizcaya Argentaria, Expires 10/25/2013*		992		136
				145
United Kingdom — 0.0%
Barclays, Expires 10/17/2013*		596		780
Total Rights (Cost $ — ) ($ Thousands)				925
AFFILIATED PARTNERSHIP — 4.1%
SEI Liquidity Fund, L.P. 0.070%†** (H)		96,733,232		96,733
Total Affiliated Partnership (Cost $96,733) ($ Thousands)				96,733
CASH EQUIVALENT — 3.1%
SEI Daily Income Trust, Prime Obligation Fund, Cl A 0.010%†**		72,641,050		72,641
Total Cash Equivalent (Cost $72,641) ($ Thousands)				72,641

SEI Institutional International Trust / Annual Report / September 30, 2013 15

SCHEDULE OF INVESTMENTS

International Equity Fund (Concluded)

September 30, 2013

Description	Face Amount (1) (Thousands)			Market Value ($ Thousands)
TIME DEPOSITS — 2.1%
Brown Brothers Harriman
3.951%, 10/01/2013		ZAR	1,333	$	132
1.698%, 10/01/2013		AUD	273		255
1.165%, 10/01/2013		NZD	1		1
0.672%, 10/01/2013		NOK	719		120
0.400%, 10/01/2013		CAD	1		1
0.250%, 10/01/2013		SEK	10		2
0.106%, 10/01/2013		GBP	566		917
0.030%, 10/01/2013			46,577		46,577
0.019%, 10/01/2013		EUR	1,170		1,584
0.005%, 10/01/2013		SGD	172		137
0.005%, 10/01/2013		JPY	1,934		249
0.005%, 10/01/2013		HKD	24,458		249
0.001%, 10/01/2013		CHF	454		502
(0.050)%, 10/01/2013		DKK	39		7
Total Time Deposits (Cost $50,733) ($ Thousands)					50,733
Total Investments — 104.1% (Cost $2,160,949) ($ Thousands)				$	2,453,422

A list of the open futures contracts held by the Fund at September 30, 2013, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
DJ Euro Stoxx 50 Index		671		Dec-2013	$	(11	)
FTSE 100 Index		232		Dec-2013		(466	)
Hang Seng Index		25		Oct-2013		(61	)
SPI 200 Index		63		Dec-2013		(63	)
Topix Index		149		Dec-2013		229
					$	(372	)

For the year ended September 30, 2013, 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 year.

Percentages are based on a Net Assets of $2,356,154 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2013.

† Investment in Affiliated Security (See Note 4).

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

(A) This security or a partial position of this security is on loan at September 30, 2013. The total market value of securities on loan at September 30, 2013 was $91,522 ($ Thousands) (See Note 8).

(B) Real Estate Investment Trust.

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

(D) Securities considered illiquid. The total market value of such securities as of September 30, 2013 was $0 ($ Thousands) and represented 0.0% of Net Assets.

(E) Security, or portion thereof, has been pledged as collateral on open futures contracts.

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

(G) This security was purchased with cash collateral held from securities on loan (see Note 8). The total value of such securities as of September 30, 2013 was $96,733 ($ Thousands).

ADR — American Depositary Receipt

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

DJ — Dow Jones

DKK — Danish Krone

EUR — Euro

FTSE — Financial Times and the London Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

JPY — Japanese Yen

L.P. — Limited Partnership

NOK — Norwegian Krone

NZD — New Zealand Dollar

SEK — Swedish Krone

SGD — Singapore Dollar

Ser — Series

SPI — Share Price Index

USD — U.S. Dollar

ZAR — South African Rand

The following is a summary of the level of inputs used as of September 30, 2013, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,204,958	$	—	$	—	$	2,204,958
Preferred Stock		19,060		—		—		19,060
U.S. Treasury Obligations		—		8,372		—		8,372
Rights		925		—		—		925
Affiliated Partnership		—		96,733		—		96,733
Cash Equivalent		72,641		—		—		72,641
Time Deposits		—		50,733		—		50,733
Total Investments in Securities	$	2,297,584	$	155,838	$	—	$	2,453,422

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	229		$	—	$	—	$	229
Unrealized Depreciation		(601	)		—		—		(601	)
Total Other Financial Instruments	$	(372	)	$	—	$	—	$	(372	)

* Futures contracts are valued at the unrealized appreciation/(depreciation) on the instrument.

For the year ended September 30, 2013, there were transfers between Level 1 and Level 2 assets and liabilities. The primary reason for changes in the classifications between Levels 1 and 2 occurs when foreign equity securities are fair valued using other observable market-based inputs in place of the closing exchange price due to events occurring after the close of the exchange or market on which the investment is principally traded (see Note 2).

For the year ended September 30, 2013, there were no transfers from Level 2 into Level 3 assets and liabilities.

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

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

16 SEI Institutional International Trust / Annual Report / September 30, 2013

SCHEDULE OF INVESTMENTS

Emerging Markets Equity Fund

September 30, 2013

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 90.6%
Argentina — 0.4%
Arcos Dorados Holdings, Cl A		232,100	$	2,750
Tenaris ADR		53,441		2,500
YPF		50,800		1,023
				6,273
Austria — 0.2%
Erste Group Bank		46,508		1,470
IMMOFINANZ		179,887		786
				2,256
Belgium — 0.1%
KBC Groep		34,924		1,717
Brazil — 8.1%
ALL - America Latina Logistica		394,961		1,561
Arteris		98,700		851
B2W Cia Digital*		326,500		2,090
Banco Bradesco ADR		292,535		4,060
Banco do Brasil		523,780		6,071
Banco Santander Brasil ADR		319,715		2,222
BM&FBovespa		826,384		4,618
BR Malls Participacoes		382,400		3,473
BR Properties		59,900		527
Brasil Insurance Participacoes e Administracao		299,100		2,674
Braskem ADR* (A)		204,384		3,260
BRF ADR		185,231		4,544
Cia Hering		188,097		2,854
Cia Paranaense de Energia ADR (A)		14,934		209
Cielo		34,620		933
Cosan Industria e Comercio		43,689		831
Cyrela Brazil Realty Empreendimentos e Participacoes		846,367		6,372
Duratex		106,920		632
EcoRodovias Infraestrutura e Logistica		93,100		638

Description	Shares		Market Value ($ Thousands)
EDP - Energias do Brasil		329,500	$	1,776
Embraer ADR		47,150		1,531
Estacio Participacoes		534,500		4,132
Even Construtora e Incorporadora		184,900		702
Fibria Celulose ADR* (A)		331,985		3,824
Gerdau ADR		514,426		3,838
Gol Linhas Aereas Inteligentes ADR* (A)		290,445		1,420
Helbor Empreendimentos		127,613		533
Hypermarcas		541,360		4,329
International Meal Holdings*		79,500		714
JBS		453,500		1,573
Kroton Educacional*		182,224		2,583
Localiza Rent a Car		113,533		1,693
Lojas Renner		42,100		1,209
M Dias Branco		1,821		84
Minerva*		31,200		140
MRV Engenharia e Participacoes		141,700		575
Oi ADR (A)		221,141		407
Petroleo Brasileiro		103,622		793
Petroleo Brasileiro ADR		390,365		6,047
Porto Seguro		38,900		485
Qualicorp*		287,000		2,599
Santos Brasil Participacoes		74,220		866
Souza Cruz		83,800		998
Sul America		42,282		301
Telefonica Brasil ADR		3,100		70
Tim Participacoes		549,100		10,669
Totvs		280,069		4,699
Ultrapar Participacoes		23,500		574
Vale		74,586		1,151
Vale ADR, Cl B (A)		400,861		6,257
				114,992
Canada — 1.0%
Africa Oil*		247,187		1,967
Alamos Gold		169,200		2,634
Pacific Rubiales Energy		476,076		9,420
				14,021
Chile — 0.9%
Banco de Chile		7,121,576		1,074
Banco de Credito e Inversiones		15,162		897
Banco Santander Chile		71,805,522		4,699
Banco Santander Chile ADR		39,744		1,045
Cia Cervecerias Unidas ADR		77,100		2,052
Sociedad Quimica y Minera de Chile ADR		89,800		2,743
				12,510
China — 13.5%
AAC Technologies Holdings		1,161,480		5,279
Agricultural Bank of China (A)		19,588,732		9,017

SEI Institutional International Trust / Annual Report / September 30, 2013 17

SCHEDULE OF INVESTMENTS

Emerging Markets Equity Fund (Continued)

September 30, 2013

Description	Shares		Market Value ($ Thousands)
Angang Steel (A)		2,126,000	$	1,261
Anta Sports Products (A)		2,656,000		3,421
Anton Oilfield Services Group		640,000		424
Baidu ADR*		133,556		20,725
Bank of China		20,511,105		9,363
Bank of Communications		2,161,347		1,589
Bosideng International Holdings		3,238,000		781
China BlueChemical (A)		2,146,000		1,265
China Communications Construction		573,000		452
China Communications Services		1,558,000		910
China Construction Bank		19,852,993		15,283
China Lesso Group Holdings (A)		4,434,400		2,739
China Merchants Bank (A)		1,535,076		2,791
China National Materials		7,342,438		1,562
China Petroleum & Chemical		5,719,839		4,477
China Petroleum & Chemical ADR		21,200		1,660
China Shenhua Energy		413,000		1,257
China Telecom		6,650,000		3,310
China Vanke, Cl B		2,478,274		4,535
China Wireless Technologies		6,628,000		2,649
Chongqing Rural Commercial Bank		2,726,612		1,315
Country Garden Holdings (A)		3,686,000		2,357
First Tractor		3,453,900		2,142
Fosun International* (A)		396,000		312
Giant Interactive Group ADR		219,294		2,000
Great Wall Motor		482,179		2,614
Guangzhou R&F Properties		1,097,200		1,715
Huaneng Power International		1,178,000		1,176
Industrial & Commercial Bank of China (A)		26,980,649		18,822
Jiangsu Expressway		1,212,000		1,430
Jiangxi Copper		812,000		1,596
Kingsoft		324,000		769
KWG Property Holding		1,574,870		993
Lumena Resources (A)		3,342,000		651
Mindray Medical International ADR (A)		25,083		975
New Oriental Education & Technology Group ADR		115,900		2,886
PetroChina		1,514,119		1,671
PetroChina ADR		32,779		3,604
Ping An Insurance Group of China		571,500		4,248
Prince Frog International Holdings (A)		7,110,100		4,969
SINA*		59,626		4,840
Sinopec Engineering Group*		259,000		317
SOHO China (A)		3,267,028		2,810
Sohu.com*		69,900		5,510
Tencent Holdings		154,347		8,096
Tingyi Cayman Islands Holding		1,012,000		2,682
Tsingtao Brewery		372,000		2,830
Vipshop Holdings ADR* (A)		22,953		1,304
WuXi PharmaTech Cayman ADR*		37,668		1,032
Zhejiang Expressway		2,254,000		2,075
Zhuzhou CSR Times Electric		2,411,400		7,836
				190,327

Description	Shares		Market Value ($ Thousands)
Colombia — 0.6%
Almacenes Exito		20,783	$	356
Bancolombia, Cl R		53,700		3,090
Cementos Argos		41,944		220
Ecopetrol		1,362,408		3,130
Ecopetrol ADR (A)		33,500		1,541
Grupo Nutresa		17,719		253
				8,590
Czech Republic — 0.5%
CEZ		65,499		1,692
Komercni Banka		21,658		4,815
				6,507
Denmark — 0.1%
Carlsberg, Cl B		13,078		1,348
Hong Kong — 6.6%
Bolina Holding (A)		2,634,200		1,226
Chaoda Modern Agriculture* (B) (C)		2,056,181		—
China Everbright International		5,768,100		5,095
China High Precision Automation Group (B) (C)		1,385,624		222
China Medical System Holdings		2,001,500		1,711
China Mengniu Dairy		1,650,415		7,395
China Minsheng Banking		781,000		934
China Mobile		1,411,445		15,770
China Mobile ADR		59,740		3,371
China Power International Development (A)		1,229,000		464
China State Construction International Holdings		4,749,784		7,644
China Unicom Hong Kong ADR		138,290		2,132
CNOOC		2,680,517		8,473
COSCO Pacific		5,001		8
Daphne International Holdings (A)		2,600,000		1,586
Geely Automobile Holdings (A)		4,830,000		2,485
Guangdong Investment (A)		998,000		857
Haier Electronics Group		2,362,800		4,576
Hengdeli Holdings		2,191,200		526
Huabao International Holdings		680,000		286
Nine Dragons Paper Holdings		1,112,000		784
Samsonite International		604,852		1,689
Sands China		977,700		6,045
Shenzhen Investment		960,000		389
Shougang Fushan Resources Group (A)		6,074,000		2,044
Sino Biopharmaceutical		1,884,000		1,275
SJM Holdings		1,009,405		2,837
Skyworth Digital Holdings		1,942,000		927
Sunac China Holdings		878,000		569
Sunny Optical Technology Group		1,259,307		1,314
Techtronic Industries		1,869,500		4,870

18 SEI Institutional International Trust / Annual Report / September 30, 2013

Description	Shares		Market Value ($ Thousands)
Xinyi Glass Holdings		2,906,944	$	2,676
Zoomlion Heavy Industry Science and Technology (A)		2,703,660		2,343
				92,523
Hungary — 0.2%
EGIS Pharmaceuticals		1,778		224
OTP Bank		120,865		2,393
				2,617
India — 5.5%
Asian Paints		340,065		2,495
Axis Bank		106,671		1,717
Ballarpur Industries		111,411		19
Bank of Baroda		60,542		477
Bharat Petroleum		82,304		435
Cairn India		2,291,035		11,668
Cummins India		337,325		2,200
Dabur India		1,210,394		3,277
Dena Bank		141,420		103
Glenmark Pharmaceuticals		351,901		2,984
Godrej Consumer Products		209,210		2,798
HCL Technologies		176,987		3,074
HDFC Bank		98,900		3,044
Hexaware Technologies		184,110		378
ICICI Bank		231,554		7,058
Idea Cellular		640,580		1,722
Indiabulls Housing Finance		249,571		729
Infosys ADR		6,654		320
ITC		563,103		3,062
Larsen & Toubro		123,402		1,555
Mahindra & Mahindra GDR		130,135		1,741
Maruti Udyog		122,644		2,661
McLeod Russel India		20,755		83
Oil & Natural Gas		478,638		2,048
Oil India		26,958		188
Petronet LNG		650,445		1,233
Reliance Industries GDR (D)		302,811		7,961
Rural Electrification		442,294		1,329
Shriram Transport Finance		310,380		2,845
Sun TV Network		211,434		1,328
Tata Chemicals		94,130		358
Tata Global Beverages		986,095		2,266
Tech Mahindra		29,315		625
United Phosphorus		358,133		829
Yes Bank		510,005		2,341
				76,951
Indonesia — 1.5%
AKR Corporindo		4,575,200		1,580
Bank Bukopin		3,700,948		205
Bank Rakyat Indonesia Persero		7,494,451		4,692
Indocement Tunggal Prakarsa		412,770		642

Description	Shares		Market Value ($ Thousands)
Indofood CBP Sukses Makmur		643,934	$	570
Indofood Sukses Makmur		2,101,500		1,280
Kalbe Farma		8,657,465		882
Perusahaan Gas Negara Persero		3,047,000		1,368
Semen Indonesia Persero		2,149,000		2,413
Surya Semesta Internusa		4,599,000		286
Tambang Batubara Bukit Asam		2,010,000		2,213
Telekomunikasi Indonesia Persero		21,297,580		3,862
Unilever Indonesia		250,500		652
United Tractors		665,681		937
				21,582
Ireland — 0.1%
Kenmare Resources*		3,618,498		1,670
Israel — 0.6%
Check Point Software Technologies*		24,875		1,407
Teva Pharmaceutical Industries		181,800		6,868
				8,275
Malaysia — 2.4%
Affin Holdings		96,100		129
Alliance Financial Group		900,200		1,384
AMMB Holdings		1,132,000		2,577
Axiata Group		1,818,936		3,839
Berjaya Sports Toto		395,201		498
British American Tobacco Malaysia		41,451		816
Digi.Com		549,101		819
Genting Malaysia		691,456		895
Hong Leong Financial Group		79,000		352
IOI		513,100		844
KLCC Property Holdings		132,700		262
Kulim Malaysia		340,600		343
Lafarge Malaysia		51,587		149
Malayan Banking		1,687,800		5,095
Malaysia Building Society		671,427		566
Media Prima		151,347		126
Parkson Holdings		592,918		699
Petronas Chemicals Group		885,100		1,860
Sapurakencana Petroleum*		1,650,600		1,869
Telekom Malaysia		360,876		580
Tenaga Nasional		428,700		1,188
Top Glove		1,784,628		3,444
UEM Sunrise		3,046,495		2,383
UMW Holdings		957,883		3,474
				34,191
Mexico — 5.2%
Alfa, Cl A		768,720		2,061
America Movil, Ser L		2,293,874		2,262
America Movil ADR, Ser L		135,475		2,684
Arca Continental		368,900		2,284
Cemex ADR*		397,224		4,441

SEI Institutional International Trust / Annual Report / September 30, 2013 19

SCHEDULE OF INVESTMENTS

Emerging Markets Equity Fund (Continued)

September 30, 2013

Description	Shares		Market Value ($ Thousands)
Compartamos		999,300	$	1,851
Controladora Comercial Mexicana* (A)		136,000		575
Empresas ICA ADR* (A)		207,080		1,768
Fibra Uno Administracion (E)		465,700		1,284
Fomento Economico Mexicano		51,592		5,009
Genomma Lab Internacional, Cl B* (A)		3,885,939		8,827
Gruma, Cl B*		254,183		1,410
Grupo Aeroportuario del Pacifico, Cl B		119,600		609
Grupo Carso, Ser A1		320,600		1,702
Grupo Financiero Banorte, Cl O		1,160,319		7,189
Grupo Financiero Inbursa, Cl O		490,800		1,115
Grupo Financiero Santander Mexico ADR		190,010		2,626
Grupo Herdez		32,875		111
Grupo Mexico, Ser B		1,560,391		4,645
Grupo Sanborns*		705,651		1,461
Grupo Televisa		325,440		9,096
Industrias Penoles		59,855		1,748
Inmobiliaria Vesta (A)		656,200		1,206
Kimberly-Clark de Mexico, Cl A		1,687,900		4,907
Wal-Mart de Mexico, Ser V		1,201,932		3,128
				73,999
Netherlands — 0.7%
Yandex, Cl A*		252,800		9,207
Peru — 0.4%
Credicorp		44,700		5,742
Philippines — 0.8%
Aboitiz Equity Ventures		1,390,200		1,437
Alliance Global Group		1,204,488		650
Bank of the Philippine Islands		360,050		797
BDO Unibank		494,363		852
International Container Terminal Services		1,240,074		2,763
Manila Electric		51,190		336
Nickel Asia		822,862		293
Rizal Commercial Banking		66,500		69
SM Investments		146,156		2,618
SM Prime Holdings		1,585,000		583
Universal Robina		292,364		826
				11,224
Poland — 0.8%
Asseco Poland		14,557		227
Eurocash		36,204		558
Jastrzebska Spolka Weglowa		12,348		290
KGHM Polska Miedz		27,366		1,081
PGE		281,646		1,501
Polski Koncern Naftowy Orlen		87,077		1,232
Powszechna Kasa Oszczednosci Bank Polski		409,700		4,869
Powszechny Zaklad Ubezpieczen*		11,348		1,542

Description	Shares		Market Value ($ Thousands)
Tauron Polska Energia		245,301	$	376
				11,676
Russia — 7.2%
Alliance Oil*		264,752		1,992
Etalon Group GDR*		56,800		275
Eurasia Drilling GDR		148,916		5,942
Gazprom ADR		729,295		6,429
Globaltrans Investment GDR		421,685		6,115
Lukoil ADR		162,102		10,301
Magnit GDR		129,268		7,982
Mail.ru Group GDR		65,180		2,490
MegaFon GDR		102,686		3,620
Mobile Telesystems ADR		221,095		4,921
NovaTek GDR		65,849		8,705
Novolipetsk Steel GDR		26,959		438
QIWI ADR		39,100		1,222
Rosneft Oil GDR		851,185		6,895
Sberbank of Russia ADR		1,512,831		18,195
Severstal GDR		174,931		1,506
Sistema GDR		55,343		1,438
Surgutneftegas ADR		47,770		419
Tatneft ADR		74,149		2,903
TMK GDR		276,985		3,584
Uralkali GDR		39,810		1,035
VTB Bank GDR		1,330,444		3,512
X5 Retail Group GDR*		144,255		2,389
				102,308
Singapore — 0.3%
Asian Pay Television Trust		4,557,600		2,960
China Yuchai International		27,469		653
				3,613
South Africa — 5.3%
African Bank Investments (A)		352,018		584
Anglo American Platinum		22,479		974
ArcelorMittal South Africa		151,530		532
AVI		82,892		493
Barclays Africa Group (A)		28,886		423
Barloworld		265,325		2,515
Bidvest Group		114,524		2,864
Exxaro Resources		162,878		2,662
FirstRand (A)		736,516		2,452
Foschini Group		56,425		584
Impala Platinum Holdings		45,655		562
Imperial Holdings		116,622		2,526
Investec		108,847		714
Kumba Iron Ore (A)		45,810		2,112
Liberty Holdings		125,625		1,461
Life Healthcare Group Holdings		919,436		3,265
Mondi		91,891		1,562
MTN Group		480,357		9,355

20 SEI Institutional International Trust / Annual Report / September 30, 2013

Description	Shares		Market Value ($ Thousands)
Murray & Roberts Holdings		368,878	$	1,008
Nampak		85,590		266
Naspers, Cl N		70,954		6,546
Netcare		287,068		685
Redefine Properties (E)		981,231		951
Remgro		97,890		1,887
Reunert		115,846		836
RMB Holdings		40,853		187
Sanlam		263,620		1,228
Sasol (A)		183,263		8,731
Shoprite Holdings		184,730		3,036
Spar Group		77,426		933
Standard Bank Group		570,999		6,802
Tiger Brands		21,476		638
Truworths International		69,582		622
Vodacom Group		223,951		2,769
Woolworths Holdings		364,393		2,686
				75,451
South Korea — 12.0%
AMOREPACIFIC Group		1,564		573
Chong Kun Dang Pharm		10,286		648
Coway		111,285		6,161
Daelim Industrial		25,820		2,331
Daesang		20,721		646
Dongbu Insurance		39,290		1,689
Doosan		1,255		176
Grand Korea Leisure		25,294		814
GS Home Shopping		5,417		1,254
Halla Visteon Climate Control		35,580		1,349
Hana Financial Group		18,792		644
Hanjin Shipping		98,248		807
Hankook Tire		63,469		3,626
Hanwha		18,370		648
Hite Jinro		33,750		859
Hyosung		11,642		777
Hyundai Marine & Fire Insurance		105,153		2,862
Hyundai Motor		25,485		5,952
Hyundai Wia		10,685		1,685
Industrial Bank of Korea		209,230		2,317
Kangwon Land		61,280		1,625
KB Financial Group		141,625		4,960
KCC		20,237		8,512
Kia Motors		113,167		6,876
Korean Reinsurance		68,510		816
KT		26,140		875
KT ADR		193,390		3,243
KT&G		65,434		4,688
LG Display		41,010		990
LG Display ADR (A)		152,940		1,825
LG Electronics		28,151		1,865
Lock & Lock		118,270		2,828
Lotte Chilsung Beverage		2,537		4,006
Lotte Confectionery		2,103		3,337

Description	Shares		Market Value ($ Thousands)
Lotte Shopping		6,435	$	2,278
NAVER		3,564		1,847
OCI*		2,494		400
POSCO		4,692		1,395
S-1, Cl 1		16,146		972
Samsung Electronics		37,912		48,225
Samsung Engineering		10,725		824
Samsung Fire & Marine Insurance		4,044		928
Samsung Heavy Industries		19,680		788
Samsung Life Insurance		26,085		2,537
Seah Besteel		19,664		556
SFA Engineering		63,350		2,614
Shinhan Financial Group		77,324		3,141
SK Holdings		5,874		1,060
SK Hynix		65,620		1,847
SK Telecom		11,974		2,435
SK Telecom ADR (A)		438,099		9,945
Sung Kwang Bend		171,679		4,872
				168,928
Spain — 0.4%
Cemex Latam Holdings*		745,296		5,865
Taiwan — 8.3%
Airtac International Group		221,895		1,561
Asustek Computer		367,740		2,929
Catcher Technology		652,000		3,451
Cathay Financial Holding		1,649,473		2,349
Chailease Holding		318,200		747
Chicony Electronics		186,992		466
China Motor		1,040,000		939
China Steel Chemical		299,800		1,764
Chong Hong Construction		116,000		392
Chunghwa Telecom		473,056		1,515
CTCI		140,000		226
Delta Electronics		146,000		709
Elan Microelectronics		671,000		1,144
Farglory Land Development		1,160,043		2,158
Formosa Taffeta		88,000		86
Fubon Financial Holding		3,261,000		4,511
Highwealth Construction		90,000		198
Hiwin Technologies		449,270		3,009
Hon Hai Precision Industry		2,560,828		6,574
Huaku Development		236,196		692
King’s Town Bank		433,000		368
Kinik		352,000		775
Kinsus Interconnect Technology		233,000		820
Lite-On Technology		2,013,120		3,432
MediaTek		641,000		7,924
Merida Industry		144,750		940
Merry Electronics*		298,000		826
MStar Semiconductor		84,000		776
Novatek Microelectronics		364,400		1,510
Pegatron		1,392,738		1,988

SEI Institutional International Trust / Annual Report / September 30, 2013 21

SCHEDULE OF INVESTMENTS

Emerging Markets Equity Fund (Continued)

September 30, 2013

Description	Shares		Market Value ($ Thousands)
Phison Electronics		266,000	$	1,916
Pou Chen		903,000		1,052
Powertech Technology		353,000		664
President Chain Store		490,652		3,543
Quanta Computer		905,000		1,962
Radiant Opto-Electronics		903,050		3,222
Realtek Semiconductor		697,174		1,702
Shin Kong Financial Holding		3,640,119		1,231
Simplo Technology		589,094		2,859
Taishin Financial Holding		5,014,030		2,315
Taiwan Cement		1,719,000		2,488
Taiwan Semiconductor Manufacturing		4,901,090		16,659
Taiwan Semiconductor Manufacturing ADR		413,826		7,018
Teco Electric and Machinery		2,830,000		2,996
TPK Holding		182,000		1,653
Transcend Information		742,000		2,336
Uni-President Enterprises		1,747,260		3,256
United Microelectronics		6,180,000		2,644
United Microelectronics ADR (A)		1,358,600		2,799
				117,094
Thailand — 2.2%
Advanced Info Service		87,900		717
Airports of Thailand		209,300		1,261
Bangkok Bank		237,300		1,487
Bangkok Bank Foreign		445,000		2,803
Bangkok Bank NVDR (A)		140,661		881
Bangkok Expressway		148,400		164
CP ALL		1,728,000		1,947
Kasikornbank NVDR (A)		397,300		2,223
Kiatnakin Bank		796,244		1,082
Krung Thai Bank		196,350		120
Krung Thai Bank NVDR		3,330,877		2,045
Land and Houses		3,158,300		1,090
PTT		600,250		6,064
PTT Global Chemical		1,468,000		3,496
Ratchaburi Electricity Generating Holding		315,300		504
Siam Commercial Bank		238,800		1,130
Thai Airways International		547,700		348
Thai Oil		966,100		1,784
Thanachart Capital		1,550,700		1,661
VGI Global Media		1,736,000		655
				31,462
Turkey — 2.1%
Anadolu Efes Biracilik Ve Malt Sanayii		162,202		1,876
Arcelik		87,006		505
Aselsan Elektronik Sanayi Ve Ticaret		638,800		2,773
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret		158,566		199
Emlak Konut Gayrimenkul Yatirim Ortakligi (E)		1,921,620		2,593

Description	Shares		Market Value ($ Thousands)
Enka Insaat ve Sanayi		344,718	$	1,023
Eregli Demir ve Celik Fabrikalari		1,841,994		2,331
Koza Altin Isletmeleri		66,458		1,055
Koza Anadolu Metal Madencilik Isletmeleri*		277,950		566
Pegasus Hava Tasimaciligi*		146,923		2,426
TAV Havalimanlari Holding		384,859		2,711
Tofas Turk Otomobil Fabrikasi		167,021		1,016
Tupras Turkiye Petrol Rafinerileri		38,010		802
Turk Hava Yollari		227,992		868
Turk Telekomunikasyon		441,739		1,533
Turkcell Iletisim Hizmetleri ADR*		141,135		2,082
Turkiye Garanti Bankasi		503,751		1,982
Turkiye Is Bankasi, Cl C		180,087		476
Turkiye Sise ve Cam Fabrikalari		2,194,071		3,015
Ulker Biskuvi Sanayi		71,857		490
				30,322
United Arab Emirates — 0.2%
Dragon Oil		324,773		3,061
United Kingdom — 1.4%
Afren*		1,337,128		2,995
Anglo American ADR		80,340		986
BG Group		154,900		2,961
Hikma Pharmaceuticals		225,313		3,795
Lonmin		249,401		1,290
Old Mutual		768,446		2,334
SABMiller		84,145		4,292
Tullow Oil		96,782		1,605
				20,258
United States — 1.0%
Avon Products		133,700		2,754
First Cash Financial Services*		49,200		2,851
Freeport-McMoRan Copper & Gold		72,800		2,408
Yahoo!*		166,700		5,528
				13,541
Total Common Stock (Cost $1,214,339) ($ Thousands)				1,280,101
PREFERRED STOCK — 4.0%
Brazil — 4.0%
Banco do Estado do Rio Grande do Sul		492,802		3,411
Braskem*		78,339		619
Cia Brasileira de Distribuicao Grupo Pao de Acucar		7,400		338
Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR		129,829		5,975
Cia de Bebidas das Americas		77,700		2,964
Cia de Bebidas das Americas ADR		183,722		7,046
Cia Energetica de Sao Paulo, Cl B		187,700		1,966

22 SEI Institutional International Trust / Annual Report / September 30, 2013

Description	Shares/Face Amount (1) (Thousands)			Market Value ($ Thousands)
Cia Paranaense de Energia			101,700	$	1,421
Itau Unibanco Holding			79,139		1,116
Itau Unibanco Holding ADR			285,996		4,038
Itausa - Investimentos Itau			734,090		2,971
Klabin			140,400		730
Marcopolo			1,422,700		4,218
Metalurgica Gerdau, Cl A			128,760		1,205
Petroleo Brasileiro			306,316		2,535
Petroleo Brasileiro ADR, Cl A			382,557		6,400
Vale, Cl A			64,785		919
Vale ADR, Cl B			648,712		9,218
Total Preferred Stock (Cost $58,137) ($ Thousands)					57,090
EXCHANGE TRADED FUNDS — 3.2%
United States — 3.2%
iPath MSCI India Index ETN* (A)			154,299		7,809
iShares MSCI Emerging Markets ETF			910,640		37,127
Total Exchange Traded Funds (Cost $45,372) ($ Thousands)					44,936
DEBENTURE BOND — 0.0%
Brazil — 0.0%
Vale, Ser 1997
0.000%, 09/30/2049 (F)		BRL	8		—
Total Debenture Bond (Cost $—) ($ Thousands)					—
AFFILIATED PARTNERSHIP — 5.5%
SEI Liquidity Fund, L.P. 0.070%†** (G)			77,906,673		77,907
Total Affiliated Partnership (Cost $77,907) ($ Thousands)					77,907
CASH EQUIVALENT — 0.5%
SEI Daily Income Trust, Prime Obligation Fund, Cl A 0.010%†**			7,820,680		7,821
Total Cash Equivalent (Cost $7,821) ($ Thousands)					7,821
TIME DEPOSITS — 1.0%
Brown Brothers Harriman
3.951%, 10/01/2013		ZAR	2,084		207
0.672%, 10/01/2013		NOK	—		—
0.400%, 10/01/2013		CAD	22		22
0.250%, 10/01/2013		SEK	—		—
0.106%, 10/01/2013		GBP	—		—

Description	Shares/Face Amount (1) (Thousands)			Market Value ($ Thousands)
0.030%, 10/01/2013			12,959	$	12,959
0.019%, 10/01/2013		EUR	1		1
0.005%, 10/01/2013		HKD	5,183		668
0.005%, 10/01/2013		SGD	—		—
Total Time Deposits (Cost $13,857) ($ Thousands)					13,857
Total Investments — 104.8% (Cost $1,417,433) ($ Thousands)				$	1,481,712

Percentages are based on a Net Assets of $1,413,683 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2013.

† Investment in Affiliated Security (See Note 4).

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

(A) This security or a partial position of this security is on loan at September 30, 2013. The total market value of securities on loan at September 30, 2013 was $73,753 ($ Thousands) (See Note 8).

(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 September 30, 2013 was $222 ($ Thousands) and represented 0.0% of Net Assets.

(C) Securities considered illiquid. The total market value of such securities as of September 30, 2013 was $222 ($ Thousands) and represented 0.0% 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) Real Estate Investment Trust.

(F) Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of September 30, 2013.

(G) This security was purchased with cash collateral held from securities on loan (see Note 8). The total value of such securities as of September 30, 2013 was $77,907 ($ Thousands).

ADR — American Depositary Receipt

BRL — Brazilian Real

CAD — Canadian Dollar

Cl — Class

ETF — Exchange Traded Fund

ETN — Exchange Traded Note

EUR — Euro

GBP — British Pound Sterling

GDR — Global Depositary Receipt

HKD — Hong Kong Dollar

L.P. — Limited Partnership

NOK — Norwegian Krona

NVDR — Non-Voting Depositary Receipt

SEK — Swedish Krona

Ser — Series

SGD — Singapore Dollar

ZAR — South African Rand

SEI Institutional International Trust / Annual Report / September 30, 2013 23

SCHEDULE OF INVESTMENTS

Emerging Markets Equity Fund (Concluded)

September 30, 2013

The following is a summary of the level of inputs used as of September 30, 2013, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3 (1)		Total
Common Stock	$	1,279,879	$	—	$	222	$	1,280,101
Preferred Stock		57,090		—		—		57,090
Exchange Traded Funds		44,936		—		—		44,936
Debenture Bond		—		—		—		—
Affiliated Partnership		—		77,907		—		77,907
Cash Equivalent		7,821		—		—		7,821
Time Deposits		—		13,857		—		13,857
Total Investments in Securities	$	1,389,726	$	91,764	$	222	$	1,481,712

(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

For the year ended September 30, 2013, there were transfers between Level 1 and Level 2 assets and liabilities. The primary reason for changes in the classifications between Level 1 and Level 2 occurs when foreign equity securities are fair valued using other observable market-based inputs in place of the closing exchange price due to events occurring after the close of the exchange or market on which the investment is principally traded (See Note 2).

For the year ended September 30, 2013, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

24 SEI Institutional International Trust / Annual Report / September 30, 2013

SCHEDULE OF INVESTMENTS

International Fixed Income Fund

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
GLOBAL BONDS — 93.1%
Australia — 3.3%
Australia & New Zealand Banking Group MTN
3.625%, 07/18/2022	EUR		300	$	452
Commonwealth Bank of Australia MTN
3.000%, 05/03/2022	EUR		230		331
2.625%, 01/12/2017	EUR		245		350
Government of Australia
6.000%, 02/15/2017			2,600		2,676
5.750%, 07/15/2022			2,750		2,952
5.500%, 01/21/2018			2,110		2,167
5.500%, 04/21/2023			160		170
4.250%, 07/21/2017			1,350		1,321
Government of Australia, Ser 122
5.250%, 03/15/2019			1,400		1,438
Government of Australia, Ser 124
5.750%, 05/15/2021			1,900		2,026
National Australia Bank MTN
1.875%, 01/13/2023	EUR		220		287
Queensland Treasury, Ser 17
6.000%, 09/14/2017			780		800
Suncorp-Metway
5.125%, 10/27/2014	GBP		235		395
Westpac Banking MTN
1.375%, 04/17/2020	EUR		230		304
					15,669
Austria — 1.0%
Republic of Austria
3.900%, 07/15/2020			75		117
3.650%, 04/20/2022			290		445
3.200%, 02/20/2017			600		880
1.950%, 06/18/2019			1,660		2,330
1.750%, 10/20/2023			380		494

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Republic of Austria, Ser 97-6
6.250%, 07/15/2027			225	$	436
					4,702
Belgium — 4.0%
Anheuser-Busch InBev MTN
8.625%, 01/30/2017			200		337
2.875%, 09/25/2024			650		888
Kingdom of Belgium
3.750%, 06/22/2045			183		251
Kingdom of Belgium, Ser 44
5.000%, 03/28/2035			500		833
Kingdom of Belgium, Ser 47
3.250%, 09/28/2016			7,340		10,690
Kingdom of Belgium, Ser 49
4.000%, 03/28/2017			230		345
Kingdom of Belgium, Ser 58
3.750%, 09/28/2020			231		350
Kingdom of Belgium, Ser 65
4.250%, 09/28/2022			250		389
Kingdom of Belgium, Ser 67
3.000%, 09/28/2019			1,680		2,444
Kingdom of Belgium, Ser 69
1.250%, 06/22/2018			1,650		2,228
					18,755
Brazil — 0.4%
BRF
3.950%, 05/22/2023 (A)	USD		410		353
Cosan
5.000%, 03/14/2023 (A)	USD		240		216
Gerdau Trade
5.750%, 01/30/2021 (A)	USD		101		99
4.750%, 04/15/2023 (A)	USD		200		178
Petrobras Global Finance
4.375%, 05/20/2023	USD		175		160
4.250%, 10/02/2023	EUR		153		206
Raisen Energy Finance
7.000%, 02/01/2017	USD		270		300
Vale Overseas
4.375%, 01/11/2022	USD		314		303
					1,815
Canada — 4.2%
Bell Canada MTN
5.000%, 02/15/2017			270		283
Canada Housing Trust No. 1
4.100%, 12/15/2018			1,390		1,476
2.050%, 06/15/2017			2,470		2,419
CDP Financial
4.400%, 11/25/2019 (A)	USD		850		943
Government of Canada
5.750%, 06/01/2033			1,415		1,930

SEI Institutional International Trust / Annual Report / September 30, 2013 25

SCHEDULE OF INVESTMENTS

International Fixed Income Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
5.000%, 06/01/2037			1,300	$	1,673
4.250%, 06/01/2018			715		771
4.000%, 06/01/2041			280		319
3.750%, 06/01/2019			800		850
3.500%, 06/01/2020			1,680		1,769
2.750%, 06/01/2022			800		796
1.500%, 03/01/2017			1,500		1,459
1.250%, 09/01/2018			750		709
Province of British Columbia
3.250%, 12/18/2021			1,150		1,135
Province of Manitoba Canada
3.850%, 12/01/2021			710		727
Province of Ontario Canada
3.150%, 06/02/2022			2,000		1,926
Quebecor Media
5.750%, 01/15/2023	USD		128		121
Royal Bank of Canada
1.625%, 08/04/2020	EUR		190		255
TransCanada PipeLines
2.500%, 08/01/2022	USD		300		276
Valeant Pharmaceuticals International
7.500%, 07/15/2021 (A)	USD		177		191
					20,028
China — 0.1%
CNOOC Finance
1.750%, 05/09/2018	USD		204		197
Talent Yield Investments
4.500%, 04/25/2022 (A)	USD		310		309
					506
Colombia — 0.0%
Pacific Rubiales Energy
5.125%, 03/28/2023 (A)	USD		123		110
Czech Republic — 0.1%
Government of Czech Republic, Ser 51
4.000%, 04/11/2017			8,050		471
Denmark — 1.6%
Danske Bank
5.375%, 09/29/2021 (B)	GBP		170		279
3.500%, 04/16/2018	EUR		155		231
DONG Energy MTN
5.750%, 04/09/2040	GBP		200		369
Kingdom of Denmark
4.500%, 11/15/2039			1,300		320
4.000%, 11/15/2017			8,915		1,835
3.000%, 11/15/2021			21,800		4,380
					7,414

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Finland — 1.0%
Elisa MTN
2.250%, 10/04/2019			300	$	405
Government of Finland
4.375%, 07/04/2019			400		636
3.375%, 04/15/2020			2,080		3,161
Nordea Bank Finland MTN
2.375%, 07/17/2017			190		271
2.250%, 05/03/2019			170		240
					4,713
France — 9.2%
Accor
2.500%, 03/21/2019			300		405
Arkema
3.850%, 04/30/2020			200		294
AXA MTN
6.211%, 10/29/2049 (B)			275		384
Banque Federative du Credit Mutuel MTN
2.000%, 09/19/2019			400		532
Banque PSA Finance MTN
4.875%, 09/25/2015			450		633
BNP Paribas MTN
4.730%, 04/12/2049 (B)			300		411
2.500%, 08/23/2019			350		484
2.375%, 09/14/2017	USD		445		451
BNP Paribas Home Loan SFH MTN
3.125%, 03/22/2022			500		732
BPCE SFH MTN
3.625%, 05/12/2016			100		145
2.750%, 02/16/2017			300		430
1.750%, 11/29/2019			600		816
Caisse de Refinancement de l’Habitat MTN
5.000%, 04/08/2019			500		803
Caisse Francaise de Financement Local MTN
4.500%, 04/27/2015			380		546
3.750%, 05/18/2016			225		328
Casino Guichard Perracho MTN
4.726%, 05/26/2021			300		448
Cie de Financement Foncier MTN
4.625%, 09/23/2017			575		885
4.250%, 01/19/2022			300		469
Cie de St. Gobain MTN
3.625%, 03/28/2022			120		169
Credit Agricole Home Loan SFH MTN
2.875%, 09/09/2016			300		431

26 SEI Institutional International Trust / Annual Report / September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Dexia Credit Local MTN
2.625%, 01/21/2014			300	$	409
0.744%, 04/29/2014 (B)	USD		410		410
Electricite de France MTN
6.500%, 01/26/2019 (A)	USD		250		300
5.500%, 10/17/2041	GBP		100		177
5.375%, 12/12/2049 (B)			100		139
5.250%, 12/29/2049 (B)	USD		120		113
4.125%, 03/25/2027			100		147
French Treasury Note
2.500%, 01/15/2015			1,145		1,595
2.000%, 07/12/2015			1,180		1,646
1.000%, 07/25/2017			235		320
0.750%, 09/25/2014			400		544
Gecina MTN
2.875%, 05/30/2023 (C)			500		647
Government of France
5.000%, 10/25/2016			1,240		1,903
4.750%, 04/25/2035			60		100
4.500%, 04/25/2041			1,280		2,077
3.250%, 05/25/2045			380		494
3.000%, 10/25/2015			4,150		5,927
3.000%, 04/25/2022			640		929
1.750%, 05/25/2023			6,345		8,161
1.000%, 05/25/2018			2,345		3,165
HSBC SFH France MTN
2.000%, 10/16/2023			700		922
Iliand
4.875%, 06/01/2016			300		437
Lafarge MTN
4.750%, 09/30/2020			118		162
RCI Banque
3.400%, 04/11/2014 (A)	USD		250		253
Societe Generale MTN
5.750%, 04/20/2016 (A)	USD		111		120
5.200%, 04/15/2021 (A)			425		462
3.875%, 12/17/2015	GBP		100		170
Societe Generale SFH MTN
3.250%, 06/06/2016			400		578
Unibail-Rodamco MTN
2.375%, 02/25/2021 (C)			500		672
Veolia Environnement MTN
6.125%, 11/25/2033			270		450
4.625%, 03/30/2027			200		295
					43,520
Germany — 7.4%
Allianz Finance II MTN
3.500%, 02/14/2022			300		443
BMW Finance MTN
3.375%, 12/14/2018	GBP		250		427
Bundesobligation
1.000%, 10/12/2018			670		915

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Bundesrepublik Deutschland
2.500%, 07/04/2044			3,695	$	4,895
1.500%, 02/15/2023 (G)			150		200
Bundesrepublik Deutschland, Ser 03
4.750%, 07/04/2034			1,820		3,332
Bundesrepublik Deutschland, Ser 08
4.750%, 07/04/2040			25		48
Continental MTN
3.125%, 09/09/2020			600		826
Deutsche Bank MTN
1.407%, 12/15/2015 (B)	GBP		280		445
Deutsche Postbank MTN
3.750%, 02/12/2014			800		1,097
Deutsche Telekom International Finance
8.875%, 11/27/2028	GBP		160		385
Deutsche Telekom International Finance MTN
7.375%, 12/04/2019	GBP		200		406
Deutschland Inflation Linked Bond
1.500%, 04/15/2016			3,230		4,619
E.ON International Finance
5.800%, 04/30/2018 (A)	USD		150		174
E.ON International Finance MTN
6.000%, 10/30/2019	GBP		300		574
Euro Zone Inflation Linked Bond
0.750%, 04/15/2018			6,567		9,395
Evonik Industries MTN
1.875%, 04/08/2020			600		802
FMS Wertmanagement
1.125%, 09/03/2018			300		406
Hypothekenbank Frankfurt MTN
2.875%, 01/19/2016			160		228
KFW MTN
4.750%, 08/12/2015	SEK		6,000		989
4.375%, 07/04/2018			205		321
3.875%, 01/21/2019			575		887
3.375%, 08/30/2017	CHF		370		457
Landwirtschaftliche Rentenbank
3.250%, 03/12/2014			410		562
Linde Finance MTN
3.875%, 06/01/2021			450		685
Muenchener Rueckversicherungs MTN
6.250%, 05/26/2042 (B)			200		315
RWE
7.000%, 10/12/2072 (B)	USD		224		238

SEI Institutional International Trust / Annual Report / September 30, 2013 27

SCHEDULE OF INVESTMENTS

International Fixed Income Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Vier Gas Transport Gmbh MTN
3.125%, 07/10/2023			250	$	349
2.875%, 06/12/2025			200		269
Volta Electricity
4.170%, 02/16/2017			281		371
					35,060
Indonesia — 0.1%
Holcim US Finance Sarl & Cie SCS MTN
2.625%, 09/07/2020	EUR		275		374
Pertamina Persero
6.000%, 05/03/2042 (A)	USD		380		308
					682
Ireland — 0.9%
AIB Mortgage Bank MTN
2.625%, 07/29/2016			400		550
Aquarius and Investments for Zurich Insurance MTN
4.250%, 10/02/2043 (B)			100		133
Bank of Ireland MTN
4.000%, 01/28/2015			250		347
Bank of Ireland Mortgage Bank MTN
3.625%, 10/02/2020 (D)			170		232
GE Capital UK Funding MTN
4.375%, 07/31/2019	GBP		810		1,407
Ireland Government Bond
5.400%, 03/13/2025			580		860
4.500%, 10/18/2018			345		503
3.900%, 03/20/2023			200		271
					4,303
Israel — 0.1%
Israel Government Bond
4.250%, 03/31/2023			750		225
Italy — 5.0%
Atlantia
4.375%, 03/16/2020			275		405
Edison MTN
3.875%, 11/10/2017			600		885
Enel Finance International MTN
4.875%, 03/11/2020			100		146
4.875%, 04/17/2023			290		412
3.875%, 10/07/2014 (A)	USD		350		359
Intesa Sanpaolo MTN
4.875%, 07/10/2015			300		425
4.000%, 11/09/2017			368		510

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Italy Buoni Poliennali Del Tesoro
6.500%, 11/01/2027			305	$	483
6.000%, 05/01/2031			675		1,022
5.500%, 11/01/2022			150		219
5.000%, 03/01/2022			1,500		2,145
5.000%, 09/01/2040			1,670		2,238
4.750%, 05/01/2017			2,090		3,002
4.750%, 09/01/2021			3,250		4,609
4.750%, 09/01/2044			355		453
4.500%, 03/01/2019			400		567
4.250%, 02/01/2015			2,325		3,263
3.500%, 11/01/2017			460		632
3.500%, 06/01/2018			300		411
2.250%, 04/22/2017			1,105		1,494
UniCredit MTN
6.950%, 10/31/2022			100		139
6.375%, 10/16/2018 (B)	GBP		100		162
Unione di Banche Italiane MTN
4.500%, 02/22/2016			200		287
					24,268
Japan — 19.8%
Government of Japan 5 Year Bond, Ser 95
0.600%, 03/20/2016			398,950		4,114
Government of Japan 5 Year Bond, Ser 106
0.200%, 09/20/2017			850,000		8,669
Government of Japan 5 Year Bond, Ser 108
0.100%, 12/20/2017			315,000		3,197
Government of Japan 5 Year Bond, Ser 109
0.100%, 03/20/2018			37,900		384
Government of Japan 10 Year Bond, Ser 275
1.400%, 12/20/2015			626,600		6,567
Government of Japan 10 Year Bond, Ser 298
1.300%, 12/20/2018			254,550		2,735
Government of Japan 10 Year Bond, Ser 301
1.500%, 06/20/2019			235,300		2,563
Government of Japan 10 Year Bond, Ser 303
1.400%, 09/20/2019			774,500		8,406
Government of Japan 10 Year Bond, Ser 308
1.300%, 06/20/2020			1,151,000		12,437
Government of Japan 10 Year Bond, Ser 313
1.300%, 03/20/2021			750,000		8,102

28 SEI Institutional International Trust / Annual Report / September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Government of Japan 10 Year Bond, Ser 316
1.100%, 06/20/2021			240,550	$	2,561
Government of Japan 20 Year Bond, Ser 48
2.500%, 12/21/2020			629,450		7,347
Government of Japan 20 Year Bond, Ser 55
2.000%, 03/21/2022			257,000		2,925
Government of Japan 20 Year Bond, Ser 99
2.100%, 12/20/2027			527,450		6,107
Government of Japan 20 Year Bond, Ser 106
2.200%, 09/20/2028			40,650		474
Government of Japan 20 Year Bond, Ser 112
2.100%, 06/20/2029			325,000		3,721
Government of Japan 20 Year Bond, Ser 128
1.900%, 06/20/2031			55,000		600
Government of Japan 20 Year Bond, Ser 140
1.700%, 09/20/2032			34,850		365
Government of Japan 20 Year Bond, Ser 143
1.600%, 03/20/2033			331,950		3,406
Government of Japan 20 Year Bond, Ser 144
1.500%, 03/20/2033			90,000		908
Government of Japan 30 Year Bond, Ser 29
2.400%, 09/20/2038			103,250		1,211
Government of Japan 30 Year Bond, Ser 30
2.300%, 03/20/2039			315,500		3,637
Government of Japan 30 Year Bond, Ser 33
2.000%, 09/20/2040			167,000		1,818
Government of Japan 30 Year Bond, Ser 34
2.200%, 03/20/2041			30,000		340
Government of Japan 30 Year Bond, Ser 36
2.000%, 03/20/2042			15,000		163
Government of Japan 30 Year Bond, Ser 37
1.900%, 09/20/2042			40,400		430
Japan Finance Organization for Municipalities
4.500%, 05/27/2014	EUR		450		624
ORIX
4.710%, 04/27/2015	USD		135		142
					93,953

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Malaysia — 0.2%
Malaysia Government Bond
5.734%, 07/30/2019			900	$	304
3.418%, 08/15/2022			445		133
Petronas Capital
5.250%, 08/12/2019	USD		410		454
					891
Mexico — 0.8%
America Movil
3.259%, 07/22/2023	EUR		500		675
3.000%, 07/12/2021	EUR		225		307
Grupo KUO De
6.250%, 12/04/2022 (A)	USD		300		288
Mexican Bonos, Ser M10
7.750%, 12/14/2017			19,166		1,625
Mexican Bonos
7.750%, 11/13/2042			9,100		735
					3,630
Netherlands — 4.1%
ABN AMRO Bank MTN
4.875%, 01/16/2019	GBP		200		355
3.750%, 07/15/2014			750		1,042
Achmea Hypotheekbank MTN
2.375%, 02/08/2016			275		378
Akzo Nobel MTN
8.000%, 04/06/2016	GBP		205		382
Alliander MTN
2.875%, 06/14/2024			200		276
ASML Holding
3.375%, 09/19/2023			450		614
Coco-Cola HBC Finance
2.375%, 06/18/2020			350		473
Fortis Bank Nederland MTN
3.375%, 05/19/2014			580		801
Heineken MTN
2.125%, 08/04/2020			300		403
ING Bank MTN
3.375%, 03/23/2017			125		183
0.937%, 05/23/2016 (B)	USD		450		435
Kingdom of Netherlands
4.500%, 07/15/2017			500		770
4.000%, 07/15/2018			185		285
4.000%, 01/15/2037			300		492
3.750%, 01/15/2042			250		402
3.500%, 07/15/2020			485		739
2.250%, 07/15/2022			1,255		1,737
1.750%, 07/15/2023			1,290		1,681
1.750%, 07/15/2023			1,150		1,499
1.250%, 01/15/2018			2,530		3,471
Koninklijke KPN
3.250%, 02/01/2021			400		553

SEI Institutional International Trust / Annual Report / September 30, 2013 29

SCHEDULE OF INVESTMENTS

International Fixed Income Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
LeasePlan MTN
3.250%, 05/22/2014			590	$	814
Robert Bosch Investment Nederland MTN
2.979%, 05/27/2033			200		258
Shell International Finance
2.250%, 01/06/2023	USD		825		743
UPCB Finance
7.625%, 01/15/2020			250		364
Wuerth Finance International MTN
1.750%, 05/21/2020			150		200
					19,350
New Zealand — 0.8%
BNZ International Funding MTN
1.250%, 05/23/2018	EUR		156		207
Government of New Zealand
5.500%, 04/15/2023			320		285
2.000%, 09/20/2025			4,157		3,269
					3,761
Norway — 1.2%
DnB Bank MTN
4.750%, 03/08/2022 (B)	EUR		120		174
3.000%, 09/26/2023 (B)	EUR		170		230
DnB Boligkreditt
2.750%, 04/20/2015	EUR		625		876
Eksportfinans
2.375%, 05/25/2016	USD		200		194
2.000%, 09/15/2015	USD		20		20
Government of Norway
4.500%, 05/22/2019			1,150		212
3.750%, 05/25/2021			8,330		1,491
2.000%, 05/24/2023			645		100
Kommunalbanken MTN
1.000%, 03/15/2018 (A)			800		776
Sparebank 1 Boligkreditt MTN
2.375%, 11/22/2016	EUR		170		241
Telenor MTN
2.500%, 05/22/2025	EUR		600		782
Yara International
7.875%, 06/11/2019 (A)	USD		185		223
					5,319
Peru — 0.1%
Republic of Peru
7.840%, 08/12/2020			711		296
Poland — 0.5%
Republic of Poland
5.125%, 04/21/2021	USD		135		147
4.000%, 10/25/2023			300		92

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Republic of Poland, Ser 1019
5.500%, 10/25/2019			1,475	$	507
Republic of Poland, Ser 1021
5.750%, 10/25/2021			4,640		1,626
Republic of Poland, Ser E MTN
4.200%, 04/15/2020	EUR		60		90
					2,462
Qatar — 0.1%
State of Qatar
4.500%, 01/20/2022 (A)	USD		390		416
Romania — 0.0%
Romanian Government International Bond MTN
4.625%, 09/18/2020	EUR		170		233
Russia — 0.3%
Gazprom Via Gaz Capital MTN
6.580%, 10/31/2013	GBP		240		389
Russian Federation Registered
7.500%, 03/31/2030 (E)	USD		286		337
Severstal OAO Via Steel Capital MTN
4.450%, 03/19/2018 (A)	USD		320		312
VimpelCom Holdings
5.200%, 02/13/2019 (A)	USD		200		199
					1,237
Singapore — 0.2%
Government of Singapore
4.000%, 09/01/2018			495		447
3.125%, 09/01/2022			275		236
Temasek Financial I MTN
2.375%, 01/23/2023 (A)	USD		495		453
					1,136
South Africa — 0.2%
Republic of South Africa
10.500%, 12/21/2026			2,500		299
8.250%, 09/15/2017			6,600		688
					987
South Korea — 0.7%
Export-Import Bank of Korea MTN
2.000%, 04/30/2020	USD		300		394
Korea National Oil
3.125%, 04/03/2017 (A)	USD		540		555
Korea Treasury Bond
4.250%, 06/10/2021			1,009,870		999
4.000%, 12/10/2031			350,000		342
3.500%, 09/10/2016			973,960		922
					3,212

30 SEI Institutional International Trust / Annual Report / September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Spain — 3.4%
Abertis Infraestructuras
3.750%, 06/20/2023			400	$	534
Banco de Sabadell
3.375%, 01/23/2018			100		137
Banco Popular Espanol
4.000%, 10/18/2016			100		140
3.750%, 01/22/2019			100		136
Bankia
4.250%, 05/25/2018			150		206
FADE - Fondo de Amortizacion del Deficit Electrico
4.125%, 03/17/2017			200		283
Ferrovial Emisiones MTN
3.375%, 06/07/2021			475		635
Government of Spain
5.850%, 01/31/2022			110		167
5.500%, 04/30/2021			1,980		2,969
4.850%, 10/31/2020			1,740		2,511
4.800%, 01/31/2024			805		1,130
4.750%, 07/30/2014			925		1,289
4.700%, 07/30/2041			665		853
4.500%, 01/31/2018			750		1,082
4.250%, 10/31/2016			125		179
4.000%, 04/30/2020			100		138
3.300%, 10/31/2014			475		657
Santander International Debt MTN
4.625%, 03/21/2016			700		1,003
Telefonica Emisiones MTN
5.811%, 09/05/2017			300		453
5.597%, 03/12/2020	GBP		100		170
4.710%, 01/20/2020			200		286
4.375%, 02/02/2016			375		536
3.987%, 01/23/2023			200		263
3.961%, 03/26/2021			300		405
					16,162
Supra-National — 0.3%
European Investment Bank MTN
2.750%, 09/15/2021	EUR		1,000		1,434
Sweden — 1.5%
Akzo Nobel Sweden Finance MTN
2.625%, 07/27/2022	EUR		150		201
Kingdom of Sweden
1.500%, 11/13/2023			2,830		404
Kingdom of Sweden Inflation Linked Bond
0.250%, 06/01/2022			2,518		374
Kingdom of Sweden, Ser 1041
6.750%, 05/05/2014			5,970		961

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Kingdom of Sweden, Ser 1051
3.750%, 08/12/2017			4,870	$	820
Kingdom of Sweden, Ser 1054
3.500%, 06/01/2022			2,300		391
Kingdom of Sweden, Ser 3105
3.500%, 12/01/2015			4,212		711
Kommuninvest I Sverige, Ser 1508 MTN
2.750%, 08/12/2015			5,300		845
Nordea Bank MTN
4.500%, 03/26/2020	EUR		225		331
4.000%, 03/29/2021	EUR		255		363
Skandinaviska Enskilda Banken MTN
4.000%, 09/12/2022 (B)	EUR		190		270
1.875%, 11/14/2019	EUR		175		235
1.375%, 05/29/2018 (A)	USD		300		294
Swedbank Hypotek
1.125%, 05/07/2020	EUR		100		131
Telefonaktiebolaget LM Ericsson
4.125%, 05/15/2022	USD		465		455
TeliaSonera MTN
3.500%, 09/05/2033	EUR		350		474
					7,260
Switzerland — 0.7%
Credit Suisse
5.750%, 09/18/2025 (B)	EUR		250		337
4.750%, 08/05/2019	EUR		400		625
Government of Switzerland
2.000%, 04/28/2021			1,070		1,289
1.500%, 04/30/2042			120		129
UBS
6.625%, 04/11/2018	GBP		150		287
6.375%, 07/20/2016	GBP		160		292
4.280%, 04/29/2049 (B)	EUR		200		273
					3,232
Thailand — 0.1%
Thailand Government Bond
3.650%, 12/17/2021	THB		16,020		507
Turkey — 0.1%
Akbank
3.875%, 10/24/2017 (A)	USD		380		370
Turkiye Halk Bankasi
3.875%, 02/05/2020 (A)	USD		400		357
					727
United Arab Emirates — 0.2%
Abu Dhabi National Energy
3.625%, 01/12/2023 (A)	USD		400		373

SEI Institutional International Trust / Annual Report / September 30, 2013 31

SCHEDULE OF INVESTMENTS

International Fixed Income Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
IPIC GMTN MTN
6.875%, 03/14/2026	GBP		100	$	195
5.875%, 03/14/2021	EUR		125		199
					767
United Kingdom — 14.2%
AA Bond
4.720%, 07/02/2043			500		834
Abbey National Treasury Services MTN
5.500%, 06/18/2014			775		1,293
5.250%, 02/16/2029			450		840
5.125%, 04/14/2021			300		555
4.250%, 04/12/2021	EUR		350		549
3.625%, 09/08/2016	EUR		300		439
3.375%, 06/08/2015	EUR		500		708
1.750%, 01/15/2018	EUR		525		710
Anglian Water Services Financing, Ser A5 MTN
6.293%, 07/30/2030			500		1,004
Aviva MTN
6.875%, 05/22/2038 (B)	EUR		195		290
6.125%, 07/05/2043 (B)	EUR		225		319
Bank of Scotland MTN
4.750%, 06/08/2022	EUR		290		474
4.625%, 06/08/2017	EUR		275		421
Barclays Bank MTN
6.750%, 01/16/2023 (B)			350		618
6.625%, 03/30/2022	EUR		200		310
4.500%, 03/04/2019 (B)	EUR		125		170
4.250%, 01/12/2022			250		441
4.000%, 01/20/2017	EUR		200		295
BAT International Finance MTN
7.250%, 03/12/2024			250		523
5.375%, 06/29/2017	EUR		425		662
4.000%, 09/04/2026			200		324
Bishopsgate Asset Finance
4.808%, 08/14/2044			186		276
BP Capital Markets
3.830%, 10/06/2017	EUR		350		520
2.994%, 02/18/2019	EUR		300		432
2.500%, 11/06/2022	USD		400		362
British American Tobacco Holdings MTN
4.000%, 07/07/2020			100		152
British Telecommunications
6.375%, 06/23/2037			120		239
5.750%, 12/07/2028			336		623
Centrica MTN
4.375%, 03/13/2029			300		494
4.250%, 09/12/2044			200		307

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Channel Link Enterprises Finance
3.570%, 06/30/2050 (B)	EUR		350	$	440
Coventry Building Society MTN
4.625%, 04/19/2018			230		414
Direct Line Insurance Group
9.379%, 04/27/2042 (B)			100		195
Eastern Power Networks MTN
6.250%, 11/12/2036			160		322
ENW Finance MTN
6.125%, 07/21/2021			350		664
Eversholt Funding MTN
5.831%, 12/02/2020			100		187
Experian Finance MTN
4.750%, 02/04/2020	EUR		425		660
FCE Bank MTN
5.125%, 11/16/2015			200		347
4.825%, 02/15/2017			200		350
1.875%, 05/12/2016	EUR		250		343
1.625%, 09/09/2016	EUR		100		136
First Hydro Finance
9.000%, 07/31/2021			220		469
Firstgroup
5.250%, 11/29/2022			350		580
G4S International Finance MTN
2.625%, 12/06/2018	EUR		250		338
Gatwick Funding MTN
5.750%, 01/23/2037			250		455
Great Rolling Stock MTN
6.250%, 07/27/2020			300		568
Heathrow Funding MTN
7.125%, 02/14/2024			150		289
HJ Heinz Finance UK
6.250%, 02/18/2030			115		185
HSBC Bank
4.125%, 08/12/2020	USD		375		394
HSBC Holdings MTN
6.500%, 05/20/2024			250		495
4.000%, 03/30/2022	USD		145		148
Imperial Tobacco Finance MTN
8.375%, 02/17/2016	EUR		75		118
7.750%, 06/24/2019			600		1,201
7.250%, 09/15/2014	EUR		150		216
4.375%, 11/22/2013	EUR		550		748
Intu SGS Finance MTN
3.875%, 03/17/2023 (C)			250		403
Lloyds TSB Bank MTN
6.500%, 03/24/2020	EUR		275		423
4.625%, 02/02/2017	EUR		420		630
Mondi Finance MTN
3.375%, 09/28/2020	EUR		250		347
Motability Operations Group MTN
3.750%, 11/29/2017	EUR		300		445

32 SEI Institutional International Trust / Annual Report / September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
National Westminster Bank
6.500%, 09/07/2021			220	$	376
Nationwide Building Society MTN
4.625%, 02/08/2021	EUR		550		890
4.125%, 03/20/2023 (B)	EUR		1,200		1,611
3.125%, 10/13/2016	EUR		175		253
Network Rail Infrastructure Finance MTN
4.400%, 03/06/2016	CAD		690		713
Northern Rock
5.625%, 06/22/2017 (A)	USD		1,750		1,985
Northumbrian Water Finance
6.000%, 10/11/2017			500		935
Rolls-Royce
6.750%, 04/30/2019			100		198
Royal Bank of Scotland MTN
9.500%, 03/16/2022 (B)	USD		200		230
6.934%, 04/09/2018	EUR		300		445
5.500%, 03/23/2020	EUR		200		317
5.125%, 01/13/2024			400		738
Scottish Widows
5.500%, 06/16/2023			150		239
Severn Trent Utilities Finance
6.250%, 06/07/2029			350		696
SSE MTN
5.750%, 02/05/2014			245		403
Standard Chartered MTN
4.000%, 07/12/2022 (B)	USD		390		395
Standard Life MTN
5.500%, 12/04/2042 (B)			250		414
Tesco
6.052%, 10/13/2039			334		610
6.000%, 12/14/2029			100		185
5.500%, 12/13/2019			310		570
United Kingdom Gilt
6.000%, 12/07/2028			250		547
5.000%, 03/07/2025			125		245
4.500%, 12/07/2042			2,015		3,877
4.250%, 06/07/2032			180		330
4.250%, 12/07/2055			55		104
3.250%, 01/22/2044			530		812
2.250%, 09/07/2023			980		1,521
1.750%, 09/07/2022			2,005		3,041
1.250%, 07/22/2018			955		1,526
1.000%, 09/07/2017			575		923
United Kingdom Treasury
4.750%, 12/07/2030			1,240		2,411
4.750%, 12/07/2038			756		1,502
4.500%, 03/07/2019			250		465
4.250%, 03/07/2036			260		478
4.250%, 09/07/2039			885		1,630
4.000%, 03/07/2022			850		1,547
2.000%, 01/22/2016			533		890
1.750%, 01/22/2017			1,670		2,773

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
University of Manchester
4.250%, 07/04/2053			250	$	428
Virgin Media Secured Finance
7.000%, 01/15/2018			180		304
Voyage Care Bondco
6.500%, 08/01/2018			150		240
Wales & West Utilities Finance MTN
6.750%, 12/17/2036 (B)			200		378
Western Power Distribution South West
5.750%, 03/23/2040			200		379
William Hill
7.125%, 11/11/2016			100		179
Yorkshire Power Finance
7.250%, 08/04/2028			208		424
Yorkshire Water Services Bradford Finance
6.375%, 08/19/2039			100		209
					67,060
United States — 5.2%
AbbVie
4.400%, 11/06/2042			90		81
2.900%, 11/06/2022			255		238
1.750%, 11/06/2017			49		49
Aetna
2.750%, 11/15/2022			165		152
Altria Group
4.750%, 05/05/2021			180		191
4.250%, 08/09/2042			265		221
American International Group
8.175%, 05/15/2058 (B)			240		281
5.850%, 01/16/2018			245		279
American Tower
3.400%, 02/15/2019 (C)			390		385
AT&T
5.875%, 04/28/2017	GBP		200		366
4.875%, 06/01/2044	GBP		430		683
3.550%, 12/17/2032	EUR		200		258
Bank of America MTN
5.650%, 05/01/2018			350		395
Bristol-Myers Squibb
2.000%, 08/01/2022			670		602
CCO Holdings
8.125%, 04/30/2020			90		98
Chevron
2.355%, 12/05/2022			810		746
Citigroup
5.875%, 01/30/2042			75		83
5.000%, 08/02/2019	EUR		230		358
4.500%, 01/14/2022			60		63
4.450%, 01/10/2017			550		596
4.250%, 02/25/2030 (B)	EUR		1,000		1,299

SEI Institutional International Trust / Annual Report / September 30, 2013 33

SCHEDULE OF INVESTMENTS

International Fixed Income Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Denbury Resources
4.625%, 07/15/2023			255	$	233
DISH DBS
5.000%, 03/15/2023			240		223
Dollar General
3.250%, 04/15/2023			400		364
General Electric
2.700%, 10/09/2022			320		302
General Electric Capital MTN
5.500%, 01/08/2020			305		346
5.300%, 02/11/2021			205		223
4.625%, 01/07/2021			750		805
Goldman Sachs Group MTN
6.375%, 05/02/2018	EUR		400		645
5.250%, 07/27/2021			45		49
3.250%, 02/01/2023	EUR		400		546
2.625%, 08/19/2020	EUR		350		474
HCA
7.500%, 02/15/2022			210		230
International Business Machines MTN
1.375%, 11/19/2019	EUR		250		332
John Deere Bank MTN
1.500%, 07/16/2018			250		340
JPMorgan Chase
4.500%, 01/24/2022			200		209
0.617%, 10/12/2015 (B)	EUR		350		467
JPMorgan Chase Bank
0.888%, 05/31/2017 (B)	EUR		1,250		1,664
Kroger
3.400%, 04/15/2022			33		32
Macy’s Retail Holdings
3.875%, 01/15/2022			164		163
Merrill Lynch MTN
0.774%, 09/14/2018 (B)	EUR		375		466
Metropolitan Life Global Funding I MTN
4.625%, 05/16/2017	EUR		200		303
Morgan Stanley MTN
5.625%, 09/23/2019			175		195
5.375%, 08/10/2020	EUR		150		235
3.750%, 09/21/2017	EUR		350		506
3.750%, 02/25/2023			130		125
Motorola Solutions
3.500%, 03/01/2023			178		166
NASDAQ OMX Group
3.875%, 06/07/2021	EUR		200		279
NBCUniversal Media
4.375%, 04/01/2021			375		404
News America
4.500%, 02/15/2021			75		80
Offshore Group Investment
7.125%, 04/01/2023			218		213

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Omnicom Group
3.625%, 05/01/2022			110	$	105
Oracle MTN
2.250%, 01/10/2021	EUR		158		215
Owens Corning
6.500%, 12/01/2016			145		162
Philip Morris International
2.900%, 11/15/2021			325		315
2.875%, 05/30/2024	EUR		100		136
2.125%, 05/30/2019	EUR		100		138
PNC Funding
5.125%, 02/08/2020			300		334
3.300%, 03/08/2022			150		147
Principal Financial Group
1.850%, 11/15/2017			175		173
Proctor and Gamble
2.000%, 08/16/2022	EUR		200		266
Prudential Financial
5.625%, 06/15/2043 (B)			545		513
Rabobank Capital Funding Trust IV
5.556%, 12/31/2019 (B)	GBP		153		248
Republic Services
4.750%, 05/15/2023			155		163
Reynolds American
3.250%, 11/01/2022			361		332
Ryder System MTN
5.850%, 11/01/2016			116		129
Simon Property Group
2.375%, 10/02/2020 (C) (D)	EUR		400		545
Transocean
2.500%, 10/15/2017			173		173
UBS
5.875%, 12/20/2017	USD		247		285
United Technologies
1.800%, 06/01/2017			201		205
UnitedHealth Group
2.750%, 02/15/2023			120		112
WellPoint
4.650%, 01/15/2043			110		101
2.300%, 07/15/2018			150		150
Wells Fargo MTN
4.600%, 04/01/2021			75		81
3.500%, 03/08/2022			235		235
2.625%, 08/16/2022	EUR		400		545
Williams Partners
5.250%, 03/15/2020			47		51
Windstream
7.500%, 04/01/2023			255		252
Wynn Las Vegas
5.375%, 03/15/2022			235		236
					24,390
Total Global Bonds (Cost $436,109) ($ Thousands)					440,663

34 SEI Institutional International Trust / Annual Report / September 30, 2013

Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES — 2.0%
Agency Mortgage-Backed Obligation — 0.0%
FHLMC, Ser K501, Cl X1A, IO
1.876%, 08/25/2016 (B) (F)		328	$	12
Non-Agency Mortgage-Backed Obligation — 2.0%
Banc of America Merrill Lynch Commercial Mortgage, Ser 2005-6, Cl A4
5.358%, 09/10/2047 (B)		140		150
BB-UBS Trust, Ser 2012-SHOW, Cl A
3.430%, 11/05/2036 (A)		100		94
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-6, Cl 3A
5.416%, 09/25/2034 (A) (B)		139		137
Bear Stearns Commercial Mortgage Securities, Ser 2005-PWR8, Cl A4
4.674%, 06/11/2041		50		52
Bear Stearns Commercial Mortgage Securities, Ser 2005-T20, Cl A4A
5.293%, 10/12/2042 (B)		45		48
Bear Stearns Commercial Mortgage Securities, Ser 2006-PW11, Cl A4
5.611%, 03/11/2039 (B)		250		270
Bear Stearns Commercial Mortgage Securities, Ser 2006-T22, Cl A4
5.764%, 04/12/2038 (B)		125		136
Bear Stearns Commercial Mortgage Securities, Ser 2006-T24, Cl A4
5.537%, 10/12/2041		225		248
Bear Stearns Commercial Mortgage Securities, Ser 2007-PW16, Cl A4
5.899%, 06/11/2040 (B)		241		272
Bear Stearns Commercial Mortgage Securities, Ser 2007-T26, Cl A4
5.471%, 01/12/2045 (B)		66		73
Bear Stearns Commercial Mortgage Securities, Ser PW10, Cl A4
5.405%, 12/11/2040 (B)		105		112
Citigroup Commercial Mortgage Trust, Ser 2006-C4, Cl A3
5.951%, 03/15/2049 (B)		110		120
Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4
6.340%, 12/10/2049 (B)		475		541
Citigroup Commerical Trust, Ser 2013-GC15, Cl C
5.107%, 09/10/2046		35		34

Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)
Citigroup Mortgage Loan Trust, Ser 2005-2, Cl 1A4
2.636%, 05/25/2035 (A) (B)		742	$	734
Citigroup, Ser 2007-CD4, Cl A4
5.322%, 12/11/2049		50		55
COMM Mortgage Trust, Ser 2013-CR10, Cl A4
4.210%, 08/10/2023		40		42
COMM Mortgage Trust, Ser 2013-CR7, Cl A4
3.213%, 03/10/2046		90		87
COMM Mortgage Trust, Ser 2013-CR9, Cl A3
4.022%, 07/10/2045		50		51
Commercial Mortgage Loan Trust, Ser 2008-LS1, Cl A4B
6.209%, 12/10/2049 (B)		165		186
Commercial Mortgage Trust, Ser 2007-GG11, Cl A4
5.736%, 12/10/2049		165		185
Commercial Mortgage Trust, Ser 2007-GG9, Cl AM
5.475%, 03/10/2039		370		390
Credit Suisse First Boston Mortgage Securities, Ser 2005-C2, Cl A4
4.832%, 04/15/2037		115		120
Credit Suisse First Boston Mortgage Securities, Ser 2005-C5, Cl A4
5.100%, 08/15/2038 (B)		85		90
CW Capital Cobalt, Ser 2006-C1, Cl A4
5.223%, 08/15/2048		50		54
Eddystone Finance, Ser 2006-1, Cl A2
1.050%, 04/19/2021 (B) (F)		141		220
Fosse Master Issuer, Ser 2011-1X, Cl A3
1.910%, 10/18/2054 (A) (B)		227		371
FREMF Mortgage Trust, Ser 2012-K19, Cl B
4.176%, 05/25/2045 (A) (B)		20		19
FREMF Mortgage Trust, Ser 2012-K20, Cl C
4.004%, 05/25/2045 (A) (B)		20		17
FREMF Mortgage Trust, Ser 2012-K20, Cl B
4.004%, 05/25/2045 (A) (B)		60		56
FREMF Mortgage Trust, Ser 2013-K31, Cl C
3.738%, 07/25/2046		30		24
Granite Master Issuer, Ser 2005-1, Cl A5
0.307%, 12/20/2054 (A) (B) (F)		141		189

SEI Institutional International Trust / Annual Report / September 30, 2013 35

SCHEDULE OF INVESTMENTS

International Fixed Income Fund (Continued)

September 30, 2013

Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)
Granite Master Issuer, Ser 2006-2, Cl A5
0.327%, 12/20/2054 (A) (B) (F)		278	$	372
Greenwich Capital Commercial Funding, Ser 2006-GG7, Cl A4
6.056%, 07/10/2038 (B)		30		33
GS Mortgage Securities II, Ser 2005-ROCK, Cl A
5.366%, 05/03/2032 (A)		50		57
GS Mortgage Securities II, Ser 2012-GCJ7, Cl A4
3.377%, 05/10/2045		60		60
GS Mortgage Securities II, Ser 2012-GCJ9, Cl A3
2.773%, 11/10/2045		125		117
GSR Mortgage Loan Trust, Ser 2005-AR1, Cl 4A1
4.868%, 01/25/2035 (A) (B)		215		210
JPMorgan Chase Commercial Mortgage Securities, Ser 2005-CB13, Cl A4
5.419%, 01/12/2043 (B)		85		91
JPMorgan Chase Commercial Mortgage Securities, Ser 2005-CIBC11, Cl A4
5.335%, 08/12/2037 (B)		144		150
JPMorgan Chase Commercial Mortgage Securities, Ser 2006-LDP8, Cl A4
5.399%, 05/15/2045		60		66
JPMorgan Chase Commercial Mortgage Securities, Ser 2012-C8, Cl E
4.825%, 10/15/2045 (A) (B)		100		87
JPMorgan Chase Commercial Mortgage Securities, Ser 2012-C8, Cl A3
2.829%, 10/15/2045		90		85
JPMorgan Mortgage Trust, Ser 2004-A5, Cl 3A1
4.865%, 12/25/2034 (A) (B)		157		160
LB-UBS Commercial Mortgage Trust, Ser 2005-C5, Cl A4
4.954%, 09/15/2030		145		153
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A4
5.197%, 11/15/2030 (B)		70		74
LB-UBS Commercial Mortgage Trust, Ser 2007-C2, Cl A3
5.430%, 02/15/2040		199		219

Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)
LB-UBS Commercial Mortgage Trust, Ser 2007-C7, Cl A3
5.866%, 09/15/2045 (B)		65	$	73
LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A2
6.320%, 04/15/2041 (B)		61		71
Merrill Lynch Mortgage Trust, Ser 2005-CIP1, Cl A4
5.047%, 07/12/2038 (B)		125		133
Merrill Lynch Mortgage Trust, Ser 2005-CKI1, Cl A6
5.458%, 11/12/2037 (B)		116		123
Merrill Lynch Mortgage Trust, Ser 2005-LC1, Cl A4
5.291%, 01/12/2044 (B)		90		97
Morgan Stanley Capital I Trust, Ser 2005-HQ6, Cl A4A
4.989%, 08/13/2042		166		174
Morgan Stanley Capital I Trust, Ser 2005-T19, Cl A4A
4.890%, 06/12/2047		75		79
Morgan Stanley Capital I Trust, Ser 2006-T21, Cl A4
5.162%, 10/12/2052 (B)		175		188
Morgan Stanley Capital I Trust, Ser 2007-T27, Cl A4
5.816%, 06/11/2042 (B)		80		90
Morgan Stanley Re-REMIC Trust, Ser 2010-GG10, Cl A4A
5.995%, 08/15/2045 (A) (B)		100		111
Silverstone Master Issuer, Ser 2009-1, Cl A2
1.960%, 01/21/2055 (A) (B)		300		491
UBS-Barclays Commercial Mortgage Trust, Ser 2013-C5, Cl A4
3.187%, 03/10/2046		270		259
UBS-Barclays Commercial Mortgage Trust, Ser 2013-C6, Cl A3
2.971%, 04/10/2046		70		66
VNO Mortgage Trust, Ser 2012-6AVE, Cl A
2.996%, 11/15/2030 (A)		105		99
Wachovia Bank Commercial Mortgage Trust, Ser 2006-C23, Cl A4
5.418%, 01/15/2045 (B)		27		29
Wells Fargo Commercial Mortgage Trust, Ser 2012-LC5, Cl D
4.939%, 10/15/2045 (A) (B)		10		9
WFRBS Commercial Mortgage Trust, Ser 2011-C4, Cl A4
4.902%, 06/15/2044 (A) (B)		175		193

36 SEI Institutional International Trust / Annual Report / September 30, 2013

Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)
WFRBS Commercial Mortgage Trust, Ser 2012-C9, Cl A3
2.870%, 11/15/2045		30	$	28
WFRBS Commercial Mortgage Trust, Ser 2013-C12, Cl A4
3.198%, 03/15/2048		60		58
WFRBS Commercial Mortgage Trust, Ser 2013-C12, Cl C
4.424%, 03/15/2048 (B)		10		9
WFRBS Commerical Mortgage Trust, Ser 2013-C15, Cl A3
3.881%, 08/15/2046		70		71
				9,562
Total Mortgage-Backed Securities (Cost $9,585) ($ Thousands)				9,574
CORPORATE OBLIGATIONS — 2.2%
United States — 2.2%
American Equity Investment Life Holding
6.625%, 07/15/2021		144		149
Anadarko Petroleum
6.375%, 09/15/2017		330		384
Ball
5.000%, 03/15/2022		230		223
Bank of America MTN
5.000%, 05/13/2021		175		188
BE Aerospace
5.250%, 04/01/2022		230		228
CBS
4.300%, 02/15/2021		300		308
Cimarex Energy
5.875%, 05/01/2022		116		117
CMS Energy
5.050%, 03/15/2022		140		150
CNA Financial
7.250%, 11/15/2023		110		133
6.500%, 08/15/2016		40		45
Dana Holding
5.375%, 09/15/2021		143		140
Duke Realty
6.750%, 03/15/2020 (C)		140		162
Eagle Spinco
4.625%, 02/15/2021 (A)		48		46
Enterprise Products Operating
5.950%, 02/01/2041		100		108
General Electric Capital MTN
5.550%, 05/04/2020		45		51
2.375%, 06/30/2015		150		154
Glencore Funding
2.500%, 01/15/2019 (A)		400		375
Humana
7.200%, 06/15/2018		280		335

Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)
Intelsat Jackson Holdings
5.500%, 08/01/2023 (A)		240	$	224
Kinder Morgan Energy Partners
3.500%, 09/01/2023		171		159
2.650%, 02/01/2019		191		190
Lincoln National
8.750%, 07/01/2019		128		166
MCE Finance
5.000%, 02/15/2021 (A)		250		240
McGraw Hill Financial
5.900%, 11/15/2017		325		352
MetroPCS Wireless
6.625%, 04/01/2023 (A)		230		231
Morgan Stanley
3.450%, 11/02/2015		125		130
Motorola Solutions
7.500%, 05/15/2025		85		103
Nabors Industries
5.100%, 09/15/2023 (A)		280		283
News America
4.000%, 10/01/2023 (A)		59		59
3.000%, 09/15/2022		111		104
Noble Energy
8.250%, 03/01/2019		250		312
Noble Holding International
4.900%, 08/01/2020		25		26
PNC Bank
2.700%, 11/01/2022		445		406
Prudential Financial MTN
6.100%, 06/15/2017		125		143
Regency Energy Partners
4.500%, 11/01/2023 (A)		72		65
Ryder System MTN
7.200%, 09/01/2015		108		120
SABMiller Holdings
3.750%, 01/15/2022 (A)		400		403
Sealed Air
5.250%, 04/01/2023 (A)		204		193
Sirius XM Radio
4.625%, 05/15/2023 (A)		254		232
SLM MTN
5.500%, 01/15/2019		433		429
Societe Generale
5.922%, 04/05/2017 (A) (B)		180		184
Sprint
7.875%, 09/15/2023 (A)		230		235
Sun Merger Sub
5.875%, 08/01/2021 (A)		198		201
Time Warner
4.875%, 03/15/2020		150		163
Time Warner Cable
7.500%, 04/01/2014		385		397
Total System Services
2.375%, 06/01/2018		236		230

SEI Institutional International Trust / Annual Report / September 30, 2013 37

SCHEDULE OF INVESTMENTS

International Fixed Income Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Union Electric
6.700%, 02/01/2019			45	$	54
Viacom
6.125%, 10/05/2017			325		372
Wachovia Capital Trust III
5.570%, 12/31/2049 (B)			385		348
Williams Partners
4.000%, 11/15/2021			120		118
Total Corporate Obligations (Cost $9,896) ($ Thousands)					10,168
U.S. TREASURY OBLIGATIONS — 0.6%
U.S. Treasury Bonds
3.125%, 02/15/2043			1,295		1,160
U.S. Treasury Inflation Indexed Bonds
0.375%, 07/15/2023			828		824
U.S. Treasury Notes
2.000%, 02/15/2022			760		739
Total U.S. Treasury Obligations (Cost $2,947) ($ Thousands)					2,723
ASSET-BACKED SECURITY — 0.2%
Automotive — 0.2%
Bavarian Sky, Ser 2013-GER1, Cl A
0.367%, 06/20/2020 (B)			714		967
Total Asset-Backed Security (Cost $926) ($ Thousands)					967
TIME DEPOSITS — 1.9%
Brown Brothers Harriman
3.951%, 10/01/2013	ZAR		—		—
1.698%, 10/01/2013	AUD		55		51
1.165%, 10/01/2013	NZD		40		34
0.672%, 10/01/2013	NOK		124		21
0.400%, 10/01/2013	CAD		3,967		3,859
0.250%, 10/01/2013	SEK		101		16
0.106%, 10/01/2013	GBP		28		44
0.030%, 10/01/2013			3,424		3,424
0.019%, 10/01/2013	EUR		1,116		1,510
0.005%, 10/01/2013	SGD		20		16
0.005%, 10/01/2013	JPY		18,179		185
0.005%, 10/01/2013	HKD		—		—
0.001%, 10/01/2013	CHF		—		—
(0.050)%, 10/01/2013	DKK		—		—
Total Time Deposits (Cost $9,160) ($ Thousands)					9,160
Total Investments — 100.0% (Cost $468,623) ($ Thousands)				$	473,255

A list of the open futures contracts held by the Fund at September 30, 2013, is as follows:

Type of Contract	Number of Contracts Long (Short)			Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
10-YR MINI JGB		(12	)		Dec-2013	$	(13	)
Australian 10-Year Bond		15			Dec-2013		34
Canadian 10-Year Bond		18			Dec-2013		22
Euro-Bobl		45			Dec-2013		79
Euro-BTP		1			Dec-2013		—
Euro-Bund		1			Dec-2013		—
Euro-Bund		(16	)		Dec-2013		(15	)
Euro-Buxl 30 Year Bond		(2	)		Dec-2013		(12	)
Euro-Buxl 30 Year Bond		2			Dec-2013		6
Euro-Schatz		42			Dec-2013		13
Euro-OAT		11			Dec-2013		33
Japanese 10-Year Bond		4			Dec-2013		49
Long Gilt 10-Year Bond		11			Dec-2013		13
U.S. 10-Year Treasury Note		(191	)		Dec-2013		(352	)
U.S. 2-Year Treasury Note		(22	)		Dec-2013		(10	)
U.S. 5-Year Treasury Note		(124	)		Dec-2013		(188	)
U.S. Long Treasury Bond		(10	)		Dec-2013		(34	)
U.S. Ultra Long Treasury Bond		(2	)		Dec-2013		(6	)
						$	(381	)

For the year ended September 30, 2013, 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 year.

A list of the open forward foreign currency contracts held by the Fund at September 30, 2013, is as follows:

Settlement Date	Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) ($ Thousands)
10/04/2013-10/31/2013		USD	4,428		JPY	441,155	$	69
10/04/2013-11/06/2013		AUD	18,757		USD	17,407		(98	)
10/04/2013-11/06/2013		CAD	25,243		USD	24,192		(357	)
10/04/2013-11/06/2013		DKK	60,169		USD	10,766		(158	)
10/04/2013-11/06/2013		JPY	13,429,345		USD	136,107		(780	)
10/04/2013-11/06/2013		SEK	50,528		USD	7,809		(55	)
10/04/2013-11/08/2013		EUR	229,049		USD	306,685		(3,362	)
10/04/2013-11/08/2013		GBP	52,149		USD	82,832		(1,593	)
10/04/2013-11/08/2013		USD	6,180		EUR	4,606		55
10/04/2013-11/15/2013		NZD	8,941		USD	7,206		(229	)
10/10/2013-10/31/2013		PLN	7,428		USD	2,341		(37	)
10/18/2013-10/31/2013		NOK	11,010		USD	1,819		(11	)
10/24/2013		USD	2,019		CZK	38,768		22
10/24/2013-10/31/2013		CZK	47,151		USD	2,434		(48	)
10/30/2013		CLP	120,400		USD	241		2
10/31/2013		CHF	1,900		USD	2,086		(16	)
10/31/2013		ILS	777		USD	219		(1	)
10/31/2013		KRW	2,488,194		USD	2,299		(14	)
10/31/2013		MYR	1,470		USD	463		13
10/31/2013		PEI	1,049		USD	382		6
10/31/2013		THB	16,305		USD	525		5
10/31/2013		USD	589		AUD	626		(5	)
10/31/2013		USD	1,935		CAD	1,993		3
10/31/2013		USD	771		GBP	481		7
10/31/2013		USD	335		NOK	1,985		(5	)
10/31/2013		ZAR	10,836		USD	1,101		28
10/31/2013-11/15/2013		MXN	31,381		USD	2,432		55
10/31/2013-11/15/2013		SGD	1,212		USD	970		4
							$	(6,500	)

38 SEI Institutional International Trust / Annual Report / September 30, 2013

A list of the counterparties for the open forward foreign currency contracts held by the Fund at September 30, 2013, is as follows:

Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Bank of America		(665	)		661	$	(4	)
Barclays PLC		(2,407	)		2,382		(25	)
BNP Paribas		(17,936	)		17,870		(66	)
Brown Brothers Harriman		(348,794	)		344,577		(4,217	)
Citigroup		(61,151	)		60,340		(811	)
Credit Suisse First Boston		(26,051	)		25,718		(333	)
Deutsche Bank		(10,581	)		10,399		(182	)
Goldman Sachs		(35,374	)		34,843		(531	)
HSBC		(1,373	)		1,393		20
JPMorgan Chase Bank		(10,081	)		10,045		(36	)

Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Morgan Stanley		(1,872	)		1,877	$	5
National Australia Bank		(13,729	)		13,604		(125	)
RBC		(1,727	)		1,764		37
Royal Bank of Scotland		(1,409	)		1,432		23
Societe Generale		(218	)		221		3
State Street		(75,990	)		75,771		(219	)
UBS		(7,394	)		7,418		24
Westpac Banking		(16,466	)		16,403		(63	)
						$	(6,500	)

For the year ended September 30, 2013, the total amount of all open forward foreign currency contracts, as presented in the table above are representative of the volume of activity for this derivative type during the year.

A list of the open OTC swap agreements held by the Fund at September 30, 2013, is as follows:

Interest Rate Swaps
Counterparty	Fund Pays	Fund Receives	Termination Date		Currency		Notional Amount (Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)
Citigroup	2.83%	3-Month US LIBOR		08/08/2023		USD		6,000	$	(73	)
Citigroup	1.67%	6-Month EURIBOR		05/27/2023		EUR		10,000		377
Citigroup	3.79%	6-Month GBP LIBOR		05/19/2019		GBP		2,500		(465	)
Deutsche Bank	6-Month EURIBOR Flat	1.77%		09/07/2022		EUR		5,250		(93	)
JPMorgan Chase Bank	6-Month JPY LIBOR	2.22%		03/26/2027		JPY		750,000		992
JPMorgan Chase Bank	1.49%	6-Month EURIBOR		09/12/2018		EUR		7,000		(137	)
UBS Warburg	3-Month Canadian Bankers Acceptance Rate	2.56%		04/24/2022		CAD		2,000		(28	)
Royal Bank of Scotland	6-Month EURIBOR	3.14%		08/04/2021		EUR		1,450		210
UBS Warburg	2.66%	6-Month GBP LIBOR		09/05/2032		GBP		1,000		137
									$	920

For the year ended September 30, 2013, the total amount of all swap agreements, as presented in the table above, are representative of the volume of activity for this derivative type during the year.

Percentages are based on a Net Assets of $473,382 ($ 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 September 30, 2013.

(C) Real Estate Investment Trust.

(D) Security is when-issued.

(E) Step Bonds — The rate reflected on the Schedule of Investments is the effective yield on September 30, 2013. The coupon on a step bond changes on a specified date.

(F) Securities considered illiquid. The total market value of such securities as of September 30, 2013 was $793 ($ Thousands) and represented 0.2% of Net Assets.

(G) Security, or portion thereof, has been pledged as collateral on open swap agreements.

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

CLP — Chilean Peso

CZK — Czech Koruna

Cl — Class

DKK — Danish Krone

EUR — Euro

EURIBOR — Euro London Interbank Offered Rate

FHLMC — Federal Home Loan Mortgage Corporation

GBP — British Pound Sterling

HKD — Hong Kong Dollar

ILS — Israeli Shekel

IO — Interest Only

JPY — Japanese Yen

KRW — Korean Won

LIBOR — London Interbank Offered Rate

MTN — Medium Term Note

MXN — Mexican Peso

MYR — Malaysian Ringgit

NOK — Norwegian Krone

NZD — New Zealand Dollar

OTC — Over the Counter

PEI — Peruvian Inca

PLC — Public Limited Company

PLN — Polish Zlotty

SEK — Swedish Krone

Ser — Series

SGD — Singapore Dollar

THB — Thai Baht

USD — U.S. Dollar

ZAR— South African Rand

SEI Institutional International Trust / Annual Report / September 30, 2013 39

SCHEDULE OF INVESTMENTS

International Fixed Income Fund (Concluded)

September 30, 2013

The following is a summary of the level of inputs used as of September 30, 2013, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3		Total
Global Bonds	$	—	$	440,663	$	—	$	440,663
Mortgage-Backed Securities		—		9,574		—		9,574
Corporate Obligations		—		10,168		—		10,168
U.S. Treasury Obligations		—		2,723		—		2,723
Asset-Backed Security		—		967		—		967
Time Deposits		—		9,160		—		9,160
Total Investments in Securities	$	—	$	473,255	$	—	$	473,255

Other Financial Instruments	Level 1			Level 2			Level 3		Total
Futures Contracts* Unrealized Appreciation	$	249		$	—		$	—	$	249
Unrealized Depreciation		(630	)		—			—		(630	)
Forwards Contracts* Unrealized Appreciation		—			269			—		269
Unrealized Depreciation		—			(6,769	)		—		(6,769	)
OTC Swaps
Interest Rate Swaps*
Unrealized Appreciation		—			1,716			—		1,716
Unrealized Depreciation		—			(796	)		—		(796	)
Total Other Financial Instruments	$	(381	)	$	(5,580	)	$	—	$	(5,961	)

* Futures contracts, forwards contracts, and swap contracts are valued at the net unrealized appreciation/(depreciation) on the instrument.

For the year ended September 30, 2013, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2013, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

40 SEI Institutional International Trust / Annual Report / September 30, 2013

SCHEDULE OF INVESTMENTS

Emerging Markets Debt Fund

September 30, 2013

Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)
GLOBAL BONDS — 93.4%
Argentina — 0.6%
Arcos Dorados Holdings I
6.625%, 09/24/2023		110	$	111
City of Buenos Aires Argentina
9.950%, 03/01/2017 (A) (B)		1,200		1,122
Republic of Argentina
8.750%, 06/02/2017		427		349
8.280%, 12/31/2033		2,243		1,436
8.280%, 12/31/2033		554		343
7.000%, 10/03/2015		2,491		2,289
7.000%, 10/03/2015		1,536		1,412
				7,062
Azerbaijan — 0.1%
State Oil of the Azerbaijan Republic
5.450%, 02/09/2017		857		905
4.750%, 03/13/2023		385		362
				1,267
Belarus — 0.2%
Republic of Belarus
8.950%, 01/26/2018		1,960		1,842
8.750%, 08/03/2015		1,130		1,091
				2,933
Bermuda — 0.1%
Government of Bermuda
4.138%, 01/03/2023 (B)		820		787
Bolivia — 0.1%
Government of Bolivia
5.950%, 08/22/2023 (B)		380		363
4.875%, 10/29/2022 (B)		250		225
				588

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Bosnia and Herzegovina — 0.1%
Republic of Bosnia & Herzegovina
1.063%, 12/11/2017 (A) (C)	DEM		1,275	$	712
Brazil — 10.2%
Andrade Gutierrez International
4.000%, 04/30/2018			200		188
Banco do Brasil
3.875%, 10/10/2022			209		181
Banco Nacional de Desenvolvimento Economico e Social
6.500%, 06/10/2019 (B)			660		714
5.750%, 09/26/2023 (B)			280		280
5.500%, 07/12/2020 (B)			400		410
BR Malls International Finance
8.500%, 12/31/2049 (B)			145		143
Braskem Finance
7.375%, 10/04/2049			200		180
Brazil Letras do Tesouro Nacional
10.728%, 01/01/2017 (D)	BRL		60,134		18,962
Brazil Loan Trust 1
5.477%, 07/24/2023 (B)			2,775		2,851
Brazil Notas do Tesouro Nacional, Ser B
6.000%, 08/15/2020	BRL		7,060		7,561
Brazil Notas do Tesouro Nacional
10.000%, 01/01/2017	BRL		36,800		15,960
Brazil Notas do Tesouro Nacional, Serie F
10.000%, 01/01/2021	BRL		30,112		12,513
10.000%, 01/01/2023	BRL		67,852		27,710
Caixa Economica Federal
4.500%, 10/03/2018 (G)			250		248
Caixa Economica Federal MTN
2.375%, 11/06/2017 (B)			1,000		935
Cia Energetica de Sao Paulo MTN
9.750%, 01/15/2015			630		422
Cielo
3.750%, 11/16/2022			200		172
Cosan
5.000%, 03/14/2023 (B)			200		180
Federal Republic of Brazil
10.250%, 01/10/2028	BRL		1,440		645
10.125%, 05/15/2027			2,117		3,218
10.125%, 05/15/2027			1,192		1,812
8.875%, 04/15/2024			450		613
8.500%, 01/05/2024	BRL		4,657		1,890
8.250%, 01/20/2034			2,386		3,108
7.125%, 01/20/2037			3,980		4,676
5.875%, 01/15/2019			369		417

SEI Institutional International Trust / Annual Report / September 30, 2013 41

SCHEDULE OF INVESTMENTS

Emerging Markets Debt Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
4.875%, 01/22/2021			1,909	$	2,050
2.625%, 01/05/2023 (E)			5,739		5,036
General Shopping Finance
10.000%, 12/31/2049 (B)			211		190
Globo Comunicacao e Participacoes
6.250%, 07/20/2015 (F)			147		153
Hypermarcas
6.500%, 04/20/2021 (B)			224		227
Itau Unibanco Holding
5.650%, 03/19/2022 (B)			200		191
JBS Finance II
8.250%, 01/29/2018 (B)			350		355
8.250%, 01/29/2018			370		376
Marfrig Holding Europe
9.875%, 07/24/2017			1,400		1,372
8.375%, 05/09/2018			1,310		1,192
Minerva Luxembourg
12.250%, 02/10/2022 (B)			650		731
7.750%, 01/31/2023			300		283
7.750%, 01/31/2023 (B)			261		246
Odebrecht Drilling Norbe VIII/IX
6.350%, 06/30/2021			113		114
6.350%, 06/30/2021 (B)			22		22
Petrobras International Finance
5.375%, 01/27/2021			20		20
QGOG Atlantic/Alaskan Rigs
5.250%, 07/30/2018 (B)			245		251
Samarco Mineracao
4.125%, 11/01/2022 (B)			442		385
Schahin II Finance
5.875%, 09/25/2022 (B)			86		82
Vale
5.625%, 09/11/2042			340		297
Vale Overseas
8.250%, 01/17/2034			230		264
6.875%, 11/21/2036			250		254
Voto-Votorantim Overseas Trading Operations
6.625%, 09/25/2019 (B)			490		537
					120,617
Chile — 1.2%
Automotores Gildemeister
6.750%, 01/15/2023			500		388
Banco del Estado de Chile
4.125%, 10/07/2020			130		132
3.875%, 02/08/2022 (B)			230		222
BancoEstado
4.125%, 10/07/2020 (B)			270		273
Bonos de la Tesoreria de la Republica en pesos
6.000%, 01/01/2018	CLP		865,000		1,807
6.000%, 01/01/2020	CLP		335,000		705
6.000%, 01/01/2022	CLP		190,000		404

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Cencosud
4.875%, 01/20/2023 (B)			205	$	194
Empresa Nacional del Petroleo
6.250%, 07/08/2019 (B)			100		109
6.250%, 07/08/2019			50		54
5.250%, 08/10/2020			100		102
5.250%, 08/10/2020 (B)			240		246
Nacional del Cobre de Chile
7.500%, 01/15/2019			170		205
6.150%, 10/24/2036			1,748		1,895
5.625%, 09/21/2035			880		890
4.500%, 08/13/2023 (B)			1,005		1,013
4.250%, 07/17/2042 (B)			654		539
3.875%, 11/03/2021 (B)			813		797
3.750%, 11/04/2020 (B)			290		288
3.750%, 11/04/2020			210		209
3.000%, 07/17/2022 (B)			1,381		1,261
Republic of Chile
5.500%, 08/05/2020	CLP		140,000		282
5.500%, 08/05/2020	CLP		423,000		851
3.875%, 08/05/2020			783		816
3.250%, 09/14/2021			160		158
SMU
7.750%, 02/08/2020			500		333
Telefonica Moviles Chile
2.875%, 11/09/2015			100		102
					14,275
China — 1.8%
Agile Property Holdings
8.875%, 04/28/2017			700		735
Amber Circle Funding
3.250%, 12/04/2022			850		779
Bestgain Real Estate
2.625%, 03/13/2018			200		187
China Oriental Group
8.000%, 08/18/2015 (B)			300		304
China Overseas Finance Cayman V
3.950%, 11/15/2022			200		180
China Railway Resources Huitung
3.850%, 02/05/2023			320		295
China SCE Property Holdings
11.500%, 11/14/2017			800		862
China Shanshui Cement Group
10.500%, 04/27/2017 (B)			650		692
10.500%, 04/27/2017			200		213
8.500%, 05/25/2016			400		406
Country Garden Holdings
11.250%, 04/22/2017			700		756
11.125%, 02/23/2018			200		223
7.500%, 01/10/2023			1,053		1,014
7.500%, 01/10/2023 (B)			202		194
7.250%, 04/04/2021 (B) (G)			200		200

42 SEI Institutional International Trust / Annual Report / September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Evergrande Real Estate Group
7.500%, 01/19/2014	CNY		3,000	$	491
Franshion Development
6.750%, 04/15/2021 (B)			320		321
Longfor Properties
9.500%, 04/07/2016			700		748
Sinochem Overseas Capital
6.300%, 11/12/2040			250		262
4.500%, 11/12/2020			2,911		2,926
4.500%, 11/12/2020 (B)			3,677		3,695
Sinopec Capital
3.125%, 04/24/2023 (B)			1,219		1,107
Sinopec Group Overseas Development
4.875%, 05/17/2042 (B)			300		282
Sunac China Holdings
12.500%, 10/16/2017			300		333
9.375%, 04/05/2018			1,600		1,600
Talent Yield Investments
4.500%, 04/25/2022			1,282		1,276
Yingde Gases Investment
8.125%, 04/22/2018			600		597
					20,678
Colombia — 3.6%
Bancolombia
5.125%, 09/11/2022			260		237
Bogota Distrito Capital
9.750%, 07/26/2028 (B)	COP		8,820,000		5,864
9.750%, 07/26/2028	COP		370,000		246
Citigroup Funding, CLN (Republic of Colombia)
11.000%, 07/27/2020	COP		7,940,000		5,061
Colombian TES
7.500%, 08/26/2026	COP		2,356,000		1,232
7.000%, 05/04/2022	COP		2,990,000		1,576
7.000%, 05/04/2022	COP		4,763,000		2,511
7.000%, 05/04/2022	COP		864,000		456
Ecopetrol
7.625%, 07/23/2019 (B)			220		260
Emgesa ESP
8.750%, 01/25/2021	COP		870,000		485
Empresas Publicas de Medellin ESP
8.375%, 02/01/2021	COP		310,000		169
Grupo Aval
5.250%, 02/01/2017 (B)			200		207
4.750%, 09/26/2022 (B)			222		199
Gruposura Finance
5.700%, 05/18/2021 (B)			210		210
JPMorgan, CLN (Republic of Columbia)
7.000%, 05/04/2022	COP		2,100,000		1,107

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Pacific Rubiales Energy
5.125%, 03/28/2023 (B)			506	$	454
Republic of Colombia
12.000%, 10/22/2015	COP		374,000		224
11.750%, 02/25/2020			1,645		2,373
9.850%, 06/28/2027	COP		802,000		549
8.125%, 05/21/2024			1,208		1,560
7.750%, 04/14/2021	COP		5,132,000		3,043
7.375%, 03/18/2019			2,836		3,434
7.375%, 09/18/2037			4,337		5,415
6.125%, 01/18/2041			1,485		1,619
4.375%, 07/12/2021			1,994		2,059
4.375%, 03/21/2023	COP		557,000		264
4.000%, 02/26/2024			506		496
Titulos de Tesoreria
7.000%, 02/25/2015	COP		370,000		428
Transportadora de Gas Internacional ESP
5.700%, 03/20/2022 (B)			350		355
					42,093
Costa Rica — 0.3%
Banco de Costa Rica
5.250%, 08/12/2018			1,777		1,800
5.250%, 08/12/2018 (B)			340		344
Costa Rica Government International Bond
5.625%, 04/30/2043			260		222
4.375%, 04/30/2025			260		226
4.250%, 01/26/2023			810		725
Instituto Costarricense de Electricidad
6.950%, 11/10/2021			400		411
6.375%, 05/15/2043			250		214
					3,942
Croatia — 1.0%
Government of Croatia
6.750%, 11/05/2019			3,140		3,348
6.625%, 07/14/2020 (B)			170		180
6.625%, 07/14/2020			975		1,033
6.375%, 03/24/2021 (B)			450		465
6.375%, 03/24/2021			810		837
6.250%, 04/27/2017 (B)			630		662
5.875%, 07/09/2018	EUR		150		215
5.500%, 04/04/2023			5,584		5,347
Zagrebacki Holding
5.500%, 07/10/2017	EUR		250		274
					12,361
Dominican Republic — 0.5%
Dominican Republic
9.040%, 01/23/2018			527		573
7.500%, 05/06/2021			2,270		2,421

SEI Institutional International Trust / Annual Report / September 30, 2013 43

SCHEDULE OF INVESTMENTS

Emerging Markets Debt Fund (Continued)

September 30, 2013

Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)
7.500%, 05/06/2021 (B)		1,830	$	1,951
5.875%, 04/18/2024		710		653
				5,598
Ecuador — 0.1%
Republic of Ecuador
9.375%, 12/15/2015		1,318		1,371
Egypt — 0.1%
Government of Egypt
6.875%, 04/30/2040		240		195
5.750%, 04/29/2020		450		414
5.750%, 04/29/2020 (B)		100		92
Nile Finance
5.250%, 08/05/2015		280		276
				977
El Salvador — 0.4%
Republic of El Salvador
8.250%, 04/10/2032		763		822
8.250%, 04/10/2032		480		517
7.750%, 01/24/2023		332		361
7.750%, 01/24/2023		680		740
7.650%, 06/15/2035		440		447
7.625%, 02/01/2041 (B)		150		151
7.375%, 12/01/2019		570		620
5.875%, 01/30/2025		426		404
5.875%, 01/30/2025 (A) (B)		50		47
Telemovil Finance
8.000%, 10/01/2017		1,000		1,042
				5,151
Gabon — 0.0%
Gabonese Republic
8.200%, 12/12/2017		126		142
Georgia — 0.3%
Georgian Railway JSC
7.750%, 07/11/2022		940		982
7.750%, 07/11/2022 (B)		390		408
Republic of Georgia
6.875%, 04/12/2021		1,331		1,418
6.875%, 04/12/2021 (B)		340		362
				3,170
Ghana — 0.1%
Republic of Ghana
8.500%, 10/04/2017		509		556
8.500%, 10/04/2017 (B)		300		327
7.875%, 08/07/2023 (B)		353		343
				1,226

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Guatemala — 0.1%
Guatemala Government Bond
4.875%, 02/13/2028			800	$	728
Hong Kong — 0.2%
Central China Real Estate MTN
6.500%, 06/04/2018			700		658
Industrial & Commercial Bank of China Asia MTN
5.125%, 11/30/2020			560		592
Shimao Property Holdings
11.000%, 03/08/2018			500		562
					1,812
Hungary — 3.1%
Republic of Hungary
8.000%, 02/12/2015	HUF		523,000		2,508
7.750%, 08/24/2015	HUF		1,124,000		5,446
7.625%, 03/29/2041			1,260		1,348
7.000%, 06/24/2022	HUF		872,300		4,280
6.750%, 02/24/2017	HUF		238,890		1,154
6.750%, 11/24/2017	HUF		1,337,640		6,499
6.500%, 06/24/2019	HUF		261,050		1,260
6.375%, 03/29/2021			926		985
6.250%, 01/29/2020			781		834
6.000%, 01/11/2019	EUR		982		1,396
6.000%, 11/24/2023	HUF		297,080		1,367
5.500%, 12/22/2016	HUF		331,890		1,552
5.500%, 12/20/2018	HUF		743,250		3,439
5.375%, 02/21/2023			2,370		2,305
5.000%, 03/30/2016	GBP		227		376
4.125%, 02/19/2018			1,584		1,568
					36,317
India — 0.2%
Bharti Airtel International Netherlands
5.125%, 03/11/2023 (B)			249		223
Export-Import Bank of India MTN
4.000%, 08/07/2017			200		200
ICICI Bank
5.750%, 11/16/2020 (B)			128		127
NTPC MTN
4.750%, 10/03/2022			200		183
Reliance Holdings USA
5.400%, 02/14/2022 (B)			250		250
Vedanta Resources
8.250%, 06/07/2021			1,300		1,313
7.125%, 05/31/2023 (B)			160		149
6.000%, 01/31/2019 (B)			488		463
					2,908

44 SEI Institutional International Trust / Annual Report / September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Indonesia — 5.2%
Deutsche Bank, CLN (Republic of Indonesia)
7.000%, 05/15/2022	IDR		2,300,000	$	179
7.000%, 05/15/2027	IDR		2,300,000		170
6.625%, 05/15/2033	IDR		2,300,000		157
Indo Energy Finance
7.000%, 05/07/2018			200		193
Indo Energy Finance II
6.375%, 01/24/2023			1,579		1,326
6.375%, 01/24/2023 (B)			200		168
Indosat Palapa
7.375%, 07/29/2020 (B)			200		209
JPMorgan, CLN (Republic of Indonesia)
7.000%, 05/15/2022	IDR		105,300,000		8,209
6.625%, 05/15/2033	IDR		3,100,000		212
Majapahit Holding
8.000%, 08/07/2019			470		522
7.875%, 06/29/2037 (B)			205		213
7.750%, 10/17/2016			370		408
7.750%, 01/20/2020 (B)			250		274
7.750%, 01/20/2020			30		33
Pertamina Persero
6.500%, 05/27/2041 (B)			380		331
6.000%, 05/03/2042 (B)			935		757
6.000%, 05/03/2042			540		437
5.625%, 05/20/2043			860		671
5.250%, 05/23/2021 (B)			500		474
4.875%, 05/03/2022 (B)			220		199
Perusahaan Listrik Negara
5.500%, 11/22/2021 (B)			310		296
5.250%, 10/24/2042			200		149
Perusahaan Penerbit
6.125%, 03/15/2019			460		480
Republic of Indonesia
11.625%, 03/04/2019 (B)			1,195		1,588
11.625%, 03/04/2019			2,014		2,676
11.625%, 03/04/2019			1,774		2,357
11.000%, 09/15/2025	IDR		3,200,000		320
10.375%, 05/04/2014			190		199
9.000%, 03/15/2029	IDR		14,294,000		1,280
8.500%, 10/12/2035			1,101		1,335
8.500%, 10/12/2035			1,389		1,684
8.375%, 03/15/2024	IDR		3,190,000		274
8.375%, 03/15/2034	IDR		7,900,000		649
8.250%, 06/15/2032	IDR		17,369,000		1,393
7.750%, 01/17/2038			1,478		1,678
7.750%, 01/17/2038			5,989		6,798
7.000%, 05/15/2022	IDR		55,020,000		4,289
6.875%, 01/17/2018			2,794		3,108
6.625%, 05/15/2033	IDR		30,078,000		2,057
6.625%, 02/17/2037			110		111

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
6.625%, 02/17/2037			70	$	71
6.250%, 04/15/2017	IDR		16,000,000		1,314
6.125%, 05/15/2028	IDR		26,020,000		1,766
5.875%, 03/13/2020 (B)			864		908
5.875%, 03/13/2020			580		610
5.625%, 05/15/2023	IDR		23,731,000		1,660
5.250%, 01/17/2042			1,029		872
4.875%, 05/05/2021			2,600		2,574
4.875%, 05/05/2021 (B)			850		842
3.375%, 04/15/2023 (B)			3,035		2,587
					61,067
Iraq — 0.4%
Republic of Iraq
5.800%, 01/15/2028			6,137		5,201
Israel — 0.1%
Altice Financing
8.000%, 12/15/2019	EUR		600		861
7.875%, 12/15/2019 (A)			400		422
Altice Finco
9.875%, 12/15/2020 (A)			300		323
					1,606
Ivory Coast — 0.4%
Ivory Coast Government Bond
7.100%, 12/31/2032			3,413		3,003
5.750%, 12/31/2032 (A) (F)			2,108		1,855
					4,858
Jamaica — 0.2%
Digicel Group
10.500%, 04/15/2018			400		432
8.250%, 09/30/2020			2,200		2,277
					2,709
Kazakhstan — 2.0%
Development Bank of Kazakhstan
4.125%, 12/10/2022			770		710
Halyk Savings Bank of Kazakhstan
7.250%, 01/28/2021			400		415
7.250%, 01/28/2021 (B)			400		415
KazAgro National Management Holding
4.625%, 05/24/2023			370		337
Kazakhstan Temir Zholy Finance
6.950%, 07/10/2042			400		404
6.950%, 07/10/2042 (B)			250		252
Kazatomprom Natsionalnaya Atomnaya Kompaniya
6.250%, 05/20/2015 (B)			450		473

SEI Institutional International Trust / Annual Report / September 30, 2013 45

SCHEDULE OF INVESTMENTS

Emerging Markets Debt Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
6.250%, 05/20/2015			100	$	105
Kazkommerts International
7.875%, 04/07/2014			700		705
Kazkommertsbank Via Citigroup Global Markets
8.700%, 04/07/2014 (C) (F)			1,100		1,042
KazMunayGas National
11.750%, 01/23/2015			1,611		1,798
9.125%, 07/02/2018 (B)			2,819		3,453
9.125%, 07/02/2018			339		415
7.000%, 05/05/2020			591		666
7.000%, 05/05/2020 (B)			1,895		2,137
6.375%, 04/09/2021			2,657		2,910
6.375%, 04/09/2021 (B)			2,369		2,594
5.750%, 04/30/2043 (B)			781		687
5.750%, 04/30/2043			1,000		878
4.400%, 04/30/2023			1,342		1,251
Republic of Kazakhstan
6.375%, 10/06/2020 (B)			600		657
Zhaikmunai Via Zhaikmunai International
7.125%, 11/13/2019			600		629
7.125%, 11/13/2019 (A) (B)			450		471
					23,404
Latvia — 0.1%
Republic of Latvia
2.750%, 01/12/2020 (A)			1,470		1,393
Lithuania — 0.5%
Republic of Lithuania
7.375%, 02/11/2020			390		473
7.375%, 02/11/2020 (B)			800		970
6.625%, 02/01/2022			1,200		1,407
6.625%, 02/01/2022 (B)			200		235
6.125%, 03/09/2021			810		924
6.125%, 03/09/2021 (B)			1,424		1,625
5.125%, 09/14/2017 (B)			310		339
5.125%, 09/14/2017			200		218
					6,191
Malaysia — 3.8%
Axiata SPV1 Labuan
5.375%, 04/28/2020			250		265
Malaysia Government Bond
5.248%, 09/15/2028 (B)	MYR		1,050		357
4.392%, 04/15/2026	MYR		8,720		2,760
4.262%, 09/15/2016	MYR		7,900		2,480
4.160%, 07/15/2021	MYR		16,270		5,120
4.012%, 09/15/2017	MYR		17,830		5,558
3.892%, 03/15/2027	MYR		578		173
3.889%, 07/31/2020	MYR		1,090		338
3.844%, 04/15/2033	MYR		1,770		505
3.580%, 09/28/2018	MYR		890		273

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
3.502%, 05/31/2027	MYR		1,050	$	300
3.492%, 03/31/2020	MYR		14,193		4,296
3.480%, 03/15/2023	MYR		17,238		5,160
3.418%, 08/15/2022	MYR		11,516		3,434
3.314%, 10/31/2017	MYR		3,130		953
3.260%, 03/01/2018	MYR		22,610		6,851
Petronas Capital
7.875%, 05/22/2022			2,020		2,563
5.250%, 08/12/2019			2,790		3,090
5.250%, 08/12/2019			100		111
Wakala Global Sukuk
4.646%, 07/06/2021 (B)			390		413
					45,000
Mexico — 7.8%
BBVA Bancomer
6.750%, 09/30/2022 (B)			650		673
6.008%, 05/17/2022 (A) (C)			550		554
Cemex
9.500%, 06/15/2018 (B)			222		246
9.250%, 05/12/2020			58		62
9.000%, 01/11/2018 (B)			306		330
6.500%, 12/10/2019 (B)			550		542
Cemex Espana
9.250%, 05/12/2020 (B)			1,300		1,397
Cemex Espana Luxembourg
9.875%, 04/30/2019			950		1,064
Cemex Finance
9.375%, 10/12/2022 (B)			400		438
Comision Federal de Electricidad
5.750%, 02/14/2042 (B)			500		463
4.875%, 05/26/2021 (B)			400		410
Metalsa
4.900%, 04/24/2023 (B)			212		193
Mexican Bonos MTN
8.000%, 06/11/2020	MXN		14		1
7.750%, 11/13/2042	MXN		37,600		3,035
7.500%, 06/03/2027	MXN		90,892		7,556
6.500%, 06/09/2022	MXN		126,861		9,978
6.250%, 06/16/2016	MXN		3,006		240
5.000%, 06/15/2017	MXN		15,824		1,223
4.750%, 03/08/2044			644		583
Mexican Bonos, Ser M
6.500%, 06/10/2021	MXN		77,974		6,195
Mexican Bonos, Ser M10
8.500%, 12/13/2018	MXN		10,450		920
7.750%, 12/14/2017	MXN		7,837		665
Mexican Bonos, Ser M20
10.000%, 12/05/2024	MXN		66,469		6,641
8.500%, 05/31/2029	MXN		50,772		4,503
8.000%, 12/07/2023	MXN		159,346		13,837
7.750%, 05/29/2031	MXN		88,293		7,262

46 SEI Institutional International Trust / Annual Report / September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Mexican Bonos, Ser M30
10.000%, 11/20/2036	MXN		26,300	$	2,631
8.500%, 11/18/2038	MXN		29,161		2,556
Mexican Udibonos
4.000%, 11/15/2040	MXN		2,940		1,214
Pemex Project Funding Master Trust
5.750%, 03/01/2018			290		321
Petroleos Mexicanos
8.000%, 05/03/2019			418		505
6.500%, 06/02/2041			597		619
6.000%, 03/05/2020			180		200
6.000%, 03/05/2020 (B)			60		67
5.500%, 06/27/2044			70		64
5.500%, 06/27/2044 (B)			150		136
3.500%, 01/30/2023 (B)			185		168
United Mexican States
8.300%, 08/15/2031			800		1,092
7.500%, 04/08/2033			300		381
6.050%, 01/11/2040			2,218		2,436
5.950%, 03/19/2019			380		439
5.750%, 10/12/2110			4,610		4,333
4.000%, 10/02/2023 (G)			1,378		1,369
United Mexican States, Ser A MTN
6.750%, 09/27/2034			3,833		4,542
					92,084
Morocco — 0.1%
Kingdom of Morocco
5.500%, 12/11/2042 (A)			400		333
5.500%, 12/11/2042 (B)			200		166
4.250%, 12/11/2022 (A)(B)			230		209
4.250%, 12/11/2022			840		765
					1,473
Nigeria — 0.8%
Afren
11.500%, 02/01/2016 (B)			877		1,006
11.500%, 02/01/2016			500		574
10.250%, 04/08/2019 (B)			800		916
Nigeria Treasury Bill
12.407%, 02/13/2014 (D)	NGN		44,391		263
12.399%, 04/10/2014 (D)	NGN		10,000		58
12.390%, 01/23/2014 (D)	NGN		71,300		426
12.208%, 02/06/2014 (D)	NGN		59,840		355
11.769%, 05/22/2014 (D)	NGN		31,370		180
11.729%, 01/16/2014 (D)	NGN		17,840		107
Republic of Nigeria
16.390%, 01/27/2022	NGN		198,260		1,414
16.000%, 06/29/2019	NGN		119,650		818
16.000%, 06/29/2019	NGN		169,000		1,156
6.750%, 01/28/2021 (B)			550		590
6.375%, 07/12/2023 (B)			551		562

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Sea Trucks Group
9.000%, 03/26/2018			1,000	$	917
					9,342
Pakistan — 0.1%
Republic of Pakistan
7.125%, 03/31/2016			500		486
6.875%, 06/01/2017			430		414
6.875%, 06/01/2017			100		96
					996
Panama — 0.9%
ENA Norte Trust
4.950%, 04/25/2023 (G)			241		235
Republic of Panama
9.375%, 01/16/2023			560		741
9.375%, 04/01/2029			2,471		3,527
8.875%, 09/30/2027			1,656		2,277
8.125%, 04/28/2034			2,128		2,676
7.125%, 01/29/2026			100		122
6.700%, 01/26/2036			1,250		1,428
4.300%, 04/29/2053			130		101
					11,107
Paraguay — 0.1%
Republic of Paraguay
4.625%, 01/25/2023			300		272
Telefonica Celular del Paraguay
6.750%, 12/13/2022			200		198
6.750%, 12/13/2022 (A)			200		198
					668
Peru — 1.7%
Alicorp SAA
3.875%, 03/20/2023 (B)			194		172
Azucarera del Peru
6.375%, 08/02/2022			121		112
Banco de Credito del Peru
5.375%, 09/16/2020 (B)			204		205
5.375%, 09/16/2020			10		10
BBVA Banco Continental
5.000%, 08/26/2022 (B)			184		177
Cementos Pacasmayo SAA
4.500%, 02/08/2023 (B)			200		181
Inkia Energy
8.375%, 04/04/2021 (B)			200		209
Peru Enhanced Pass-Through Finance
4.415%, 06/02/2025 (A) (B) (D)			1,000		665
2.730%, 05/31/2018 (A) (B) (D)			363		333
2.716%, 05/31/2018 (D)			135		123
Republic of Peru
9.910%, 05/05/2015	PEI		675		265

SEI Institutional International Trust / Annual Report / September 30, 2013 47

SCHEDULE OF INVESTMENTS

Emerging Markets Debt Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
8.750%, 11/21/2033			4,754	$	6,846
8.600%, 08/12/2017	PEI		2,110		881
8.200%, 08/12/2026	PEI		5,626		2,459
7.840%, 08/12/2020	PEI		1,460		608
7.840%, 08/12/2020	PEI		2,820		1,174
7.350%, 07/21/2025			1,990		2,542
7.125%, 03/30/2019			110		133
6.950%, 08/12/2031	PEI		1,990		761
6.950%, 08/12/2031	PEI		2,170		830
6.900%, 08/12/2037	PEI		1,430		536
6.900%, 08/12/2037	PEI		360		135
6.850%, 02/12/2042	PEI		1,073		397
5.200%, 09/12/2023	PEI		1,410		500
Southern Copper
6.750%, 04/16/2040			86		84
5.250%, 11/08/2042			194		156
Volcan Cia Minera
5.375%, 02/02/2022 (B)			183		174
					20,668
Philippines — 1.2%
Development Bank of Philippines
5.500%, 03/25/2021			330		343
National Power
9.625%, 05/15/2028 (A)			1,100		1,562
Power Sector Assets & Liabilities Management
7.390%, 12/02/2024 (B)			820		984
7.250%, 05/27/2019			170		199
Republic of Philippines
10.625%, 03/16/2025			603		914
9.500%, 02/02/2030			2,027		3,010
8.375%, 06/17/2019			160		203
7.750%, 01/14/2031			2,445		3,185
6.250%, 01/14/2036	PHP		40,000		1,024
4.000%, 01/15/2021			1,116		1,158
3.900%, 11/26/2022	PHP		45,000		1,036
					13,618
Poland — 6.1%
Eileme 2
11.625%, 01/31/2020			800		928
11.625%, 01/31/2020 (B)			750		870
Polish Television Holding MTN
13.000%, 11/15/2014 (F)	EUR		100		144
11.000%, 11/15/2014 (F)	EUR		300		433
Republic of Poland
6.375%, 07/15/2019			4,973		5,803
6.250%, 10/24/2015	PLN		2,470		839
5.750%, 04/25/2029	PLN		3,280		1,165
5.125%, 04/21/2021			1,000		1,088
5.000%, 03/23/2022			1,271		1,367
4.750%, 04/25/2017	PLN		19,646		6,535

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
4.000%, 10/25/2023	PLN		30,360	$	9,353
3.750%, 04/25/2018	PLN		23,627		7,555
3.000%, 08/24/2016	PLN		32,704		10,981
3.000%, 03/17/2023			2,173		1,990
2.750%, 08/25/2023	PLN		6,089		2,046
Republic of Poland, Ser 0415
5.500%, 04/25/2015	PLN		8,130		2,701
Republic of Poland, Ser 0922
5.750%, 09/23/2022	PLN		20,728		7,267
Republic of Poland, Ser 1017
5.250%, 10/25/2017	PLN		5,015		1,698
Republic of Poland, Ser 1019
5.500%, 10/25/2019	PLN		6,340		2,181
Republic of Poland, Ser 1021
5.750%, 10/25/2021	PLN		18,292		6,408
TVN Finance III
7.375%, 12/15/2020 (B)	EUR		400		552
					71,904
Qatar — 0.4%
Qtel International Finance
7.875%, 06/10/2019			785		958
4.500%, 01/31/2043			200		177
State of Qatar
9.750%, 06/15/2030			647		1,006
6.550%, 04/09/2019			199		237
6.400%, 01/20/2040 (B)			377		439
6.400%, 01/20/2040			220		256
5.250%, 01/20/2020			1,100		1,238
					4,311
Romania — 0.8%
Government of Romania MTN
6.750%, 02/07/2022 (B)			350		399
6.750%, 02/07/2022			2,280		2,600
5.900%, 07/26/2017	RON		2,500		796
5.850%, 07/28/2014	RON		5,020		1,546
5.850%, 04/26/2023	RON		850		269
5.800%, 10/26/2015	RON		4,970		1,555
5.750%, 04/29/2020	RON		1,260		394
5.600%, 11/28/2018	RON		550		174
4.375%, 08/22/2023			1,240		1,186
					8,919
Russia — 9.8%
Alfa Bank Via Alfa Bond Issuance
7.500%, 09/26/2019			750		774
7.500%, 09/26/2019 (B)			315		325
Brunswick Rail Finance
6.500%, 11/01/2017			850		848
Credit Bank of Moscow Via CBOM Finance
7.700%, 02/01/2018			1,000		1,029

48 SEI Institutional International Trust / Annual Report / September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
EuroChem Mineral & Chemical via EuroChem GI
5.125%, 12/12/2017 (B)			175	$	174
Far East Capital
8.000%, 05/02/2018			2,750		2,393
8.000%, 05/02/2018 (B)			200		174
Gaz Capital MTN
8.625%, 04/28/2034			200		239
Gazprom Neft OAO Via GPN Capital
4.375%, 09/19/2022			930		856
Gazprom OAO Via Gaz Capital
9.250%, 04/23/2019			750		923
6.510%, 03/07/2022			470		503
4.950%, 07/19/2022 (B)			510		492
4.950%, 02/06/2028 (B)			793		702
4.950%, 02/06/2028			250		221
Metalloinvest Finance
6.500%, 07/21/2016			400		421
MTS International Funding
8.625%, 06/22/2020 (B)			800		935
8.625%, 06/22/2020			1,100		1,286
Promsvyazbank Via PSB Finance MTN
10.200%, 11/06/2019			750		801
8.500%, 04/25/2017			640		683
Ritekro
11.946%, 11/07/2022 (A) (D) (I)			914		339
Rosneft Oil via Rosneft International Finance
4.199%, 03/06/2022			500		461
Russian Agricultural Bank Via RSHB Capital
5.298%, 12/27/2017 (B)			415		426
Russian Federal Bond - OFZ
8.150%, 02/03/2027	RUB		137,012		4,429
7.600%, 04/14/2021	RUB		549,499		17,500
7.600%, 07/20/2022	RUB		114,475		3,632
7.500%, 03/15/2018	RUB		56,013		1,785
7.500%, 02/27/2019	RUB		415,260		13,222
7.400%, 04/19/2017	RUB		109,870		3,476
7.400%, 06/14/2017	RUB		31,700		1,002
7.350%, 01/20/2016	RUB		80,000		2,523
7.050%, 01/19/2028	RUB		23,568		689
7.000%, 12/03/2014 (F)	RUB		32,430		964
7.000%, 01/25/2023	RUB		112,673		3,435
6.800%, 12/11/2019	RUB		140,820		4,317
6.200%, 01/31/2018	RUB		109,370		3,316
Russian Foreign Bond - Eurobond
7.850%, 03/10/2018	RUB		215,000		6,877
7.500%, 03/31/2030 (F)			10,568		12,455
5.875%, 09/16/2043 (B)			400		414
5.625%, 04/04/2042 (B)			400		410

Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)
5.000%, 04/29/2020 (B)		200	$	214
5.000%, 04/29/2020		100		107
4.875%, 09/16/2023 (B)		1,200		1,227
3.250%, 04/04/2017 (B)		1,200		1,247
Russian Railways via RZD Capital
5.700%, 04/05/2022		398		405
Russian Standard Bank Via Russian Standard Finance
9.250%, 07/11/2017		970		1,019
Sberbank of Russia Via SB Capital
6.125%, 02/07/2022 (B)		260		272
6.125%, 02/07/2022		250		262
5.717%, 06/16/2021		400		413
5.250%, 05/23/2023		260		238
SCF Capital
5.375%, 10/27/2017 (B)		350		354
Severstal OAO Via Steel Capital
5.900%, 10/17/2022 (B)		200		194
Sibur Securities
3.914%, 01/31/2018 (B)		275		261
TMK Capital
7.750%, 01/27/2018		1,400		1,466
VEB-Leasing Via VEB Leasing Investment
5.125%, 05/27/2016		320		336
Vimpel Communications Via VIP Finance Ireland
9.125%, 04/30/2018 (B)		300		347
7.748%, 02/02/2021		450		485
7.748%, 02/02/2021 (B)		1,150		1,239
VimpelCom Holdings
7.504%, 03/01/2022		1,270		1,338
7.504%, 03/01/2022 (B)		400		422
5.200%, 02/13/2019 (B)		200		199
Vnesheconombank Via VEB Finance
6.902%, 07/09/2020 (B)		785		861
6.902%, 07/09/2020		2,455		2,691
6.800%, 11/22/2025		580		613
6.800%, 11/22/2025 (B)		150		159
6.025%, 07/05/2022 (B)		750		773
5.450%, 11/22/2017 (B)		400		425
VTB Bank Via VTB Capital
6.950%, 10/17/2022		400		397
6.875%, 05/29/2018		600		645
6.315%, 02/22/2018		762		804
6.250%, 06/30/2035		357		377
				115,241
Senegal — 0.1%
Republic of Senegal
8.750%, 05/13/2021 (B)		540		568
8.750%, 05/13/2021		200		211
				779

SEI Institutional International Trust / Annual Report / September 30, 2013 49

SCHEDULE OF INVESTMENTS

Emerging Markets Debt Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Serbia — 0.2%
Republic of Serbia
7.250%, 09/28/2021 (B)			1,020	$	1,060
7.250%, 09/28/2021			1,000		1,039
5.250%, 11/21/2017 (B)			200		198
4.875%, 02/25/2020			450		420
					2,717
Singapore — 0.2%
MMI International
8.000%, 03/01/2017 (B)			250		250
Sea Product
10.265%, 02/14/2014 (C)			1,485		1,366
Yanlord Land Group
9.500%, 05/04/2017			980		1,036
					2,652
South Africa — 7.6%
Edcon Proprietary
9.500%, 03/01/2018	EUR		850		1,084
9.500%, 03/01/2018	EUR		600		771
Eskom Holdings
6.750%, 08/06/2023 (B)			1,289		1,325
6.750%, 08/06/2023			250		257
5.750%, 01/26/2021			2,860		2,839
Myraid International Holdings
6.000%, 07/18/2020			200		210
Republic of South Africa
13.500%, 09/15/2015	ZAR		23,780		2,680
10.500%, 12/21/2026	ZAR		81,970		9,800
8.750%, 02/28/2048	ZAR		20,400		1,977
8.500%, 06/23/2017			860		1,026
8.500%, 01/31/2037	ZAR		15,400		1,478
8.250%, 09/15/2017	ZAR		36,700		3,826
8.000%, 12/21/2018	ZAR		172,660		17,892
7.750%, 02/28/2023	ZAR		92,442		9,240
7.250%, 01/15/2020	ZAR		41,431		4,112
7.000%, 02/28/2031	ZAR		108,352		9,251
6.875%, 05/27/2019			3,645		4,187
6.750%, 03/31/2021	ZAR		80,350		7,690
6.500%, 02/28/2041	ZAR		15,600		1,167
6.250%, 03/31/2036	ZAR		31,590		2,370
5.875%, 05/30/2022			770		832
5.875%, 09/16/2025			1,447		1,521
5.500%, 03/09/2020			1,040		1,117
4.665%, 01/17/2024			2,623		2,544
Transnet SOC
4.000%, 07/26/2022 (B)			1,119		987
					90,183
Sri Lanka — 0.3%
Bank of Ceylon
6.875%, 05/03/2017 (B)			320		319

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Republic of Sri Lanka
6.250%, 10/04/2020 (B)			620	$	601
6.250%, 10/04/2020			100		97
6.250%, 07/27/2021 (B)			1,400		1,333
6.250%, 07/27/2021			329		313
5.875%, 07/25/2022			1,466		1,341
					4,004
Thailand — 2.7%
Thailand Government Bond
5.670%, 03/13/2028	THB		3,000		110
3.875%, 06/13/2019	THB		71,781		2,333
3.650%, 12/17/2021	THB		354,190		11,208
3.625%, 05/22/2015	THB		30,000		971
3.625%, 06/16/2023	THB		199,522		6,241
3.580%, 12/17/2027	THB		61,333		1,845
3.250%, 06/16/2017	THB		29,240		935
2.800%, 10/10/2017	THB		103,000		3,231
1.250%, 03/12/2028	THB		28,292		789
1.200%, 07/14/2021	THB		134,508		3,973
					31,636
Turkey — 7.4%
Akbank
5.000%, 10/24/2022			225		205
3.875%, 10/24/2017 (B)			150		146
Export Credit Bank of Turkey
5.875%, 04/24/2019 (B)			200		205
Republic of Turkey
10.500%, 01/15/2020	TRY		2,695		1,428
9.500%, 01/12/2022	TRY		11,706		5,932
9.000%, 01/27/2016	TRY		2,200		1,099
9.000%, 03/08/2017	TRY		16,452		8,214
8.500%, 09/14/2022	TRY		11,834		5,663
8.300%, 06/20/2018	TRY		7,030		3,383
8.300%, 06/20/2018	TRY		2,500		1,205
8.000%, 02/14/2034			2,909		3,452
7.500%, 07/14/2017			1,037		1,173
7.500%, 11/07/2019			3,849		4,451
7.375%, 02/05/2025			2,604		2,940
7.250%, 03/05/2038			280		311
7.100%, 03/08/2023	TRY		1,120		487
7.100%, 03/08/2023	TRY		9,980		4,342
7.000%, 09/26/2016			838		932
7.000%, 03/11/2019			240		270
7.000%, 06/05/2020			410		463
6.875%, 03/17/2036			1,453		1,544
6.750%, 04/03/2018			4,284		4,730
6.750%, 05/30/2040			375		392
6.500%, 01/07/2015	TRY		17,670		8,539
6.300%, 02/14/2018	TRY		7,430		3,339
6.250%, 09/26/2022			917		986
6.000%, 01/14/2041			649		626
5.625%, 03/30/2021			2,760		2,868

50 SEI Institutional International Trust / Annual Report / September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
5.125%, 03/25/2022			2,288	$	2,274
4.875%, 04/16/2043			250		207
4.500%, 02/11/2015	TRY		196		100
4.000%, 04/29/2015	TRY		8,024		4,090
4.000%, 04/01/2020	TRY		3,429		1,800
3.250%, 03/23/2023 (E)			2,763		2,383
3.000%, 02/23/2022	TRY		13,563		6,635
Turkiye Garanti Bankasi
5.250%, 09/13/2022 (B)			500		460
4.000%, 09/13/2017 (B)			470		458
					87,732
Ukraine — 2.3%
DTEK Finance
7.875%, 04/04/2018			1,800		1,530
Ferrexpo Finance
7.875%, 04/07/2016 (B)			238		215
Financing of Infrastrucural Projects State Enterprise
9.000%, 12/07/2017 (A) (B)			400		334
Government of Ukraine
9.250%, 07/24/2017			3,150		2,911
9.250%, 07/24/2017 (B)			403		370
7.950%, 02/23/2021			650		556
7.950%, 02/23/2021 (B)			250		214
7.800%, 11/28/2022			1,760		1,467
7.800%, 11/28/2022 (B)			300		250
7.750%, 09/23/2020			335		286
7.500%, 04/17/2023			500		413
7.500%, 04/17/2023 (B)			2,172		1,795
6.750%, 11/14/2017			276		236
6.580%, 11/21/2016			403		347
6.250%, 06/17/2016 (B)			600		516
4.950%, 10/13/2015	EUR		1,131		1,313
Metinvest
10.250%, 05/20/2015			1,180		1,162
8.750%, 02/14/2018			1,629		1,409
8.750%, 02/14/2018 (B)			369		319
MHP
10.250%, 04/29/2015			700		695
10.250%, 04/29/2015			150		148
8.250%, 04/02/2020			1,800		1,431
Mriya Agro Holding
9.450%, 04/19/2018			1,000		820
9.450%, 04/19/2018 (B)			257		211
National Naftogaz of Ukraine
9.500%, 09/30/2014			3,350		3,116
Oschadbank Via SSB No. 1
8.875%, 03/20/2018			450		352
8.250%, 03/10/2016			430		359
State Export-Import Bank of Ukraine JSC via Biz Finance
8.750%, 01/22/2018			870		696

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
Ukraine Railways via Shortline
9.500%, 05/21/2018			200	$	160
Ukreximbank Via Biz Finance
8.375%, 04/27/2015			3,862		3,418
					27,049
United Arab Emirates — 1.0%
Abu Dhabi National Energy MTN
5.875%, 12/13/2021			867		963
Dolphin Energy
5.888%, 06/15/2019			462		506
DP World MTN
6.850%, 07/02/2037			1,200		1,206
DP World Sukuk
6.250%, 07/02/2017			1,500		1,643
Dubai DOF Sukuk
3.875%, 01/30/2023			340		316
Dubai Electricity & Water Authority
7.375%, 10/21/2020 (B)			860		1,006
7.375%, 10/21/2020			20		23
Dubai Holding Commercial Operations MTN
6.000%, 02/01/2017	GBP		850		1,387
4.750%, 01/30/2014	EUR		1,850		2,498
Emaar Sukuk MTN
6.400%, 07/18/2019			300		324
Emirate of Dubai MTN
7.750%, 10/05/2020			1,060		1,257
5.250%, 01/30/2043			200		172
Emirates Airline
5.125%, 06/08/2016			300		317
4.500%, 02/06/2025			350		313
Jafz Sukuk
7.000%, 06/19/2019			200		221
					12,152
Uruguay — 0.8%
Republic of Uruguay
8.000%, 11/18/2022			1,183		1,508
7.625%, 03/21/2036			1,211		1,526
4.500%, 08/14/2024			4,182		4,245
4.125%, 11/20/2045			728		577
Republic of Uruguay PIK
7.875%, 01/15/2033			1,674		2,151
					10,007
Venezuela — 3.8%
Petroleos de Venezuela
12.750%, 02/17/2022			290		283
8.500%, 11/02/2017			1,289		1,168
8.500%, 11/02/2017			8,865		8,032
5.500%, 04/12/2037			550		305

SEI Institutional International Trust / Annual Report / September 30, 2013 51

SCHEDULE OF INVESTMENTS

Emerging Markets Debt Fund (Continued)

September 30, 2013

Description		Face Amount (1) (Thousands)		Market Value ($ Thousands)
5.375%, 04/12/2027			2,968	$	1,707
5.250%, 04/12/2017			998		797
5.000%, 10/28/2015			560		492
4.900%, 10/28/2014			4,465		4,201
Republic of Venezuela
13.625%, 08/15/2018			1,716		1,862
13.625%, 08/15/2018			144		151
12.750%, 08/23/2022			12,929		12,877
11.950%, 08/05/2031			2,227		2,055
11.750%, 10/21/2026			4,606		4,249
9.250%, 09/15/2027			1,706		1,386
9.250%, 05/07/2028			592		465
9.000%, 05/07/2023			1,064		863
9.000%, 05/07/2023			20		16
8.500%, 10/08/2014			791		791
8.250%, 10/13/2024			500		376
7.750%, 10/13/2019			1,108		921
7.650%, 04/21/2025			300		216
6.000%, 12/09/2020			1,102		801
5.750%, 02/26/2016			728		657
					44,671
Vietnam — 0.1%
Republic of Vietnam
6.875%, 01/15/2016			360		382
6.750%, 01/29/2020			560		597
Vietnam Joint Stock Commercial Bank for Industry and Trade
8.000%, 05/17/2017 (B)			350		355
					1,334
Zambia — 0.0%
Republic of Zambia
5.375%, 09/20/2022			250		219
Total Global Bonds (Cost $1,140,543) ($ Thousands)					1,103,610
LOAN PARTICIPATIONS — 0.8%
Angola — 0.1%
Republic of Angola
2.317%, 04/30/2016 (A)	EUR		650		855
Indonesia — 0.1%
PT Bumi
18.182%, 11/07/2014			1,743		1,394
Singapore — 0.5%
Ashmore Cayman SPC, No. 1
0.000%, 11/07/2015 (A) (H) (I)			9,161		4,289
Morton Bay
6.220%, 12/31/2013 (A)			3,158		2,130
					6,419

Description		Face Amount (1) (Thousands)/Shares		Market Value ($ Thousands)
United Arab Emirates — 0.1%
Dubai World
1.000%, 09/30/2015			1,200	$	876
1.000%, 09/30/2018			1,015		630
					1,506
Total Loan Participations (Cost $16,451) ($ Thousands)					10,174
CONVERTIBLE BOND — 0.0%
United Arab Emirates — 0.0%
Pyrus
7.500%, 12/20/2015			100		135
Total Convertible Bond (Cost $97) ($ Thousands)					135
AFFILIATED PARTNERSHIP — 0.4%
SEI Liquidity Fund, L.P.
0.070%†* (J)			4,924,256		4,924
Total Affiliated Partnership (Cost $4,924) ($ Thousands)					4,924
TIME DEPOSITS — 3.1%
Brown Brothers Harriman
3.951%, 10/01/2013	ZAR		3,712		369
0.030%, 10/01/2013			35,238		35,238
0.019%, 10/01/2013	EUR		542		733
0.005%, 10/01/2013	SGD		1		1
Total Time Deposits (Cost $36,341) ($ Thousands)					36,341
Total Investments — 97.7% (Cost $1,198,356) ($ Thousands)				$	1,155,184
		Notional (Thousands)
PURCHASED OPTIONS — 0.0%
Euro FX Currency Put Option, Expires 10/04/13, Strike Price $1.28**	EUR		8,200	$	—
Euro FX Currency Put Option, Expires 11/08/13, Strike Price $1.26**	EUR		8,200		2
TRY FX Currency Call Option, Expires 10/08/13, Strike Price $2.10**	TRY		2,000		2
Total Purchased Options (Cost $365) ($ Thousands)				$	4

A list of the open futures contracts held by the Fund at September 30, 2013, is as follows:

Type of Contract	Number of Contracts Short			Expiration Date		Unrealized Depreciation ($ Thousands)
U.S. 10-Year Treasury Note		(82	)		Dec-2013	$	(27	)
U.S. 5-Year Treasury Note		(11	)		Dec-2013		(3	)
						$	(30	)

52 SEI Institutional International Trust / Annual Report / September 30, 2013

For the year ended September 30, 2013, the total amount of all open future contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the year.

A list of the open forward foreign currency contracts held by the Fund at September 30, 2013, is as follows:

Settlement Date	Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) ($ Thousands)
10/01/2013-12/18/2013		HUF	1,821,172		USD	8,027	$	(244	)
10/01/2013-12/18/2013		USD	2,263		TRY	4,589		(7	)
10/02/2013-11/04/2013		BRL	42,774		USD	18,722		(421	)
10/02/2013-12/02/2013		USD	15,168		BRL	34,451		239
10/02/2013-12/18/2013		EUR	18,624		USD	24,578		(633	)
10/03/2013		ARS	1,583		USD	272		(1	)
10/03/2013		USD	559		ARS	3,584		59
10/10/2013-11/29/2013		USD	2,878		CLP	1,455,992		3
10/11/2013-11/20/2013		USD	6,032		MYR	19,525		(50	)
10/15/2013-10/25/2013		PEI	1,483		USD	532		—
10/15/2013-11/20/2013		THB	61,937		USD	1,954		(22	)
10/15/2013-12/20/2013		USD	9,821		PEI	27,265		(49	)
10/16/2013-01/15/2014		USD	13,472		RUB	442,763		83
10/17/2013-11/20/2013		MYR	3,395		USD	1,053		14
10/18/2013		IDR	31,897,747		USD	2,809		55
10/18/2013-11/20/2013		USD	11,794		IDR	127,374,136		(794	)
10/21/2013-11/29/2013		GBP	1,807		USD	2,839		(87	)
10/21/2013-12/12/2013		USD	6,168		PHP	264,899		(80	)
10/21/2013-12/18/2013		USD	6,179		EUR	4,584		26
10/24/2013-11/20/2013		USD	5,225		THB	163,274		(15	)
10/25/2013		PHP	57,792		USD	1,333		5
10/25/2013		USD	1,123		GBP	694		—
10/25/2013-12/18/2013		CLP	5,431,007		USD	10,524		(169	)
10/29/2013-11/29/2013		RUB	624,878		USD	18,863		(329	)
10/30/2013		COP	2,190,052		USD	1,153		7
10/30/2013		USD	947		RON	3,136		2
10/30/2013-10/31/2013		USD	932		CZK	17,852		8
10/30/2013-11/29/2013		MXN	78,171		USD	6,106		186
10/30/2013-12/18/2013		USD	13,040		MXN	171,981		(24	)
10/31/2013		USD	1,695		SGD	2,110		(13	)
10/31/2013-12/18/2013		CNY	30,797		USD	4,970		(52	)
10/31/2013-12/18/2013		PLN	83,250		USD	26,143		(476	)
10/31/2013-12/18/2013		SGD	9,896		USD	7,755		(136	)
10/31/2013-12/18/2013		TRY	15,744		USD	7,631		(75	)
10/31/2013-12/18/2013		USD	4,479		CNY	27,646		29
10/31/2013-12/18/2013		USD	21,919		PLN	70,776		689
10/31/2013-12/18/2013		ZAR	131,796		USD	13,135		142

Settlement Date	Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) ($ Thousands)
11/20/2013		TWD	223,037		USD	7,489	$	(61	)
11/20/2013		USD	1,561		COP	2,967,000		(10	)
11/20/2013		USD	4,986		KRW	5,593,274		210
11/20/2013		USD	3,376		NGN	556,500		22
11/20/2013-12/18/2013		ILS	22,100		USD	6,192		(71	)
11/20/2013-12/18/2013		INR	146,950		USD	2,294		(19	)
11/20/2013-12/18/2013		USD	2,298		INR	146,950		15
11/29/2013		RON	8,271		USD	2,492		(8	)
11/29/2013-12/18/2013		USD	2,736		HUF	611,262		33
12/16/2013-07/17/2015		CNH	135,243		USD	20,695		(1,278	)
12/18/2013		CZK	59,670		USD	3,058		(85	)
12/18/2013		USD	5,645		ZAR	55,941		(147	)
07/17/2015		USD	15,844		CNH	105,051		1,206
							$	(2,323	)

A list of the counterparties for the outstanding forward foreign currency contracts held by the Fund at September 30, 2013, is as follows:

Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Barclays PLC		(19,235	)		18,854	$	(381	)
Citigroup		(63,064	)		62,334		(730	)
Credit Suisse First Boston		(20,067	)		19,931		(136	)
Deutsche Bank		(32,004	)		31,715		(289	)
Goldman Sachs		(96,804	)		96,888		84
HSBC		(56,186	)		55,869		(317	)
JPMorgan Chase Bank		(22,971	)		22,830		(141	)
Merrill Lynch		(11,269	)		11,455		186
Morgan Stanley		(18,265	)		17,849		(416	)
Standard Chartered Bank		(20,007	)		19,875		(132	)
UBS		(4,645	)		4,594		(51	)
						$	(2,323	)

For the year ended September 30, 2013, the total amount of all open forward foreign currency contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the year.

A list of the open OTC swap agreements held by the fund at September 30, 2013, is as follows:

Interest Rate Swaps
Counterparty	Fund Pays	Fund Receives	Termination Date	Currency		Notional Amount (Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)
Barclays Capital	JIBAR ZAR 3 Month	6.53%	09/13/2016		ZAR		46,000	$	(4	)
HSBC	KLIBOR Interbank Offered Rate Fixing 3 Month	4.00%	09/03/2018		MYR		10,100		44
HSBC	Brazil Interbank Deposit Rate	11.03%	01/25/2017		BRL		4,666		(22	)
HSBC	Brazil Interbank Deposit Rate	10.38%	01/02/2017		BRL		8,882		(114	)
								$	(96	)

Total Return Swaps

Counterparty

Reference Entity/Obligation

Fund Pays

Fund Receives

Termination Date

Currency

Notional Amount (Thousands)

Net Unrealized Depreciation ($ Thousands)

HSBC

Republic of Indonesia, 9.500%

Cash Deposit Of Notional Amount

Price Return

06/15/2015

IDR

2,680,000

$

(5

)

HSBC

Republic of Indonesia, 11.500%

Cash Deposit Of Notional Amount

Price Return

09/15/2019

IDR

33,200,000

(1,400

)

HSBC

Republic of Indonesia, 11.500%

Cash Deposit Of Notional Amount

Price Return

09/15/2019

IDR

4,500,000

(189

)

HSBC

Republic of Indonesia, 8.375%

Cash Deposit Of Notional Amount

Price Return

03/15/2024

IDR

6,200,000

(38

)

HSBC

Republic of Indonesia, 8.375%

Cash Deposit Of Notional Amount

Price Return

09/15/2026

IDR

18,900,000

(778

)

Standard Chartered London

Republic of Indonesia, 7.000%

Cash Deposit Of Notional Amount

Price Return

05/15/2027

IDR

5,800,000

(210

)

Standard Chartered London

Republic of Indonesia, 7.000%

Cash Deposit Of Notional Amount

Price Return

05/15/2027

IDR

3,500,000

(117

)

HSBC

Republic of Indonesia, 10.500%

Cash Deposit Of Notional Amount

Price Return

08/15/2030

IDR

29,500,000

(1,455

)

SEI Institutional International Trust / Annual Report / September 30, 2013 53

SCHEDULE OF INVESTMENTS

Emerging Markets Debt Fund (Concluded)

September 30, 2013

Total Return Swaps

Counterparty

Reference Entity/Obligation

Fund Pays

Fund Receives

Termination Date

Currency

Notional Amount (Thousands)

Net Unrealized Depreciation ($ Thousands)

Standard Chartered London

Republic of Indonesia, 10.500%

Cash Deposit Of Notional Amount

Price Return

08/15/2030

IDR

10,300,000

$

(524

)

HSBC

Republic of Indonesia, 8.250%

Cash Deposit Of Notional Amount

Price Return

06/15/2032

IDR

1,290,000

(54

)

Standard Chartered London

Republic of Indonesia, 6.625%

Cash Deposit Of Notional Amount

Price Return

05/15/2033

IDR

7,320,000

(271

)

$

(5,041

)

For the year ended September 30, 2013, the total number of all open swap agreements, as presented in the table above, are representative of the volume of activity for this derivative type during the year.

Percentages are based on a Net Assets of $1,182,296 ($ Thousands).

* Rate shown is the 7-day effective yield as of September 30, 2013.

** Non income producing security.

† Investment in Affiliated Security (See Note 4).

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

(A) Securities considered illiquid. The total market value of such securities as of September 30, 2013 was $18,146 ($ Thousands) and represented 1.5% of Net Assets.

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

(C) Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of September 30, 2013.

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

(E) This security or a partial position of this security is on loan at September 30, 2013. The total market value of securities on loan at September 30, 2013 was $4,616 ($ Thousands) (See Note 8).

(F) Step Bonds — The rate reflected on the Schedule of Investments is the effective yield on September 30, 2013. The coupon on a step bond changes on a specified date.

(G) Security is when-issued.

(H) Security in default on interest payments.

(I) 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 September 30, 2013 was $4,628 ($ Thousands) and represented 0.4% of Net Assets.

(J) This security was purchased with cash collateral held from securities on loan (see Note 8). The total value of such securities as of September 30, 2013 was $4,924 ($ Thousands).

ARS — Argentine Peso

BRL — Brazilian Real

CLN — Credit Linked Note

CLP — Chilean Peso

CNH — Chinese Yuen (Offshore)

CNY — Chinese Renminbi

COP — Colombian Peso

CZK — Czech Koruna

DEM — German Mark

EUR — Euro

GBP — British Pound Sterling

HUF — Hungarian Forint

IDR — Indonesia Rupiah

ILS — Israeli Shekel

INR — India Rupee

JIBAR — Johannesburg Interbank Agreed Rate

KLIBOR — Kuala Lumpur Interbank Offered Rate

KRW — Korean Won

L.P. — Limited Partnership

MTN — Medium Term Note

MXN — Mexican Peso

MYR — Malaysian Ringgit

NGN — Nigerian Naira

OTC — Over the Counter

PEI — Peruvian Inca

PHP — Philippine Peso

PIK — Payment-in-Kind

PLC — Public Limited Company

PLN — Polish Zlotty

RON — Romanian Leu

RUB — Russian Ruble

Ser — Series

SGD — Singapore Dollar

SPC — Segregated Portfolio Company

THB — Thai Baht

TRY — Turkish Lira

TWD — Taiwanese Dollar

USD — U.S. Dollar

ZAR — South African Rand

The following is a summary of the level of inputs used as of September 30, 2013, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3(1)		Total
Global Bonds	$	—	$	1,103,610	$	—	$	1,103,610
Loan Participations		—		1,506		8,668		10,174
Convertible Bond		—		135		—		135
Affiliated Partnership		—		4,924		—		4,924
Time Deposits		—		36,341		—		36,341
Total Investments in Securities	$	—	$	1,146,516	$	8,668	$	1,155,184

Other Financial Instruments	Level 1			Level 2			Level 3		Total
Purchased Options	$	—		$	4		$	—	$	4
Futures Contracts* Unrealized Depreciation		(30	)		—			—		(30	)
Forwards Contracts* Unrealized Appreciation		—			3,033			—		3,033
Unrealized Depreciation		—			(5,356	)		—		(5,356	)
OTC Swaps
Interest Rate Swaps*
Unrealized Appreciation		—			44			—		44
Unrealized Depreciation		—			(140	)		—		(140	)
Total Return Swaps*
Unrealized Depreciation		—			(5,041	)		—		(5,041	)
Total Other Financial Instruments	$	(30	)	$	(7,456	)	$	—	$	(7,486	)

⁽¹⁾  Of the $8,668 ($ Thousands) in Level 3 securities as of September 30, 2013, $6,419 ($ Thousands) or 0.5% are not valued via third party pricing vendors and broker quotes. If significant, the disclosure of the unobservable inputs and the interrelationships and sensitivity between these inputs are required for those Level 3 securities that are not valued by third party pricing vendors or broker quotes. A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

* Futures contracts, forwards contracts and swaps are valued at the unrealized appreciation/(depreciation) on the instrument.

For the year ended September 30, 2013, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2013, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

54 SEI Institutional International Trust / Annual Report / September 30, 2013

Statements of Assets and Liabilities ($ Thousands)

September 30, 2013

	International Equity Fund			Emerging Markets Equity Fund			International Fixed Income Fund			Emerging Markets Debt Fund
ASSETS:
Investments, at value (Cost $1,991,575, $1,331,705, $468,623 and $1,193,432, respectively)(1)	$	2,284,048		$	1,395,984		$	473,255		$	1,150,260
Affiliated investments, at value (Cost $169,374, $85,728, $0 and $4,924, respectively)		169,374			85,728			—			4,924
Cash		—			—			65			3,884
Foreign currency, at value (Cost $0, $6,135, $0 and $5,896, respectively)		—			6,128			—			6,240
Cash pledged as collateral for forward foreign currency contracts, futures contracts or swap contracts		—			—			915			—
Receivable for investment securities sold		8,801			21,577			6,901			5,758
Unrealized gain on forward foreign currency contracts		—			—			269			3,033
Receivable for fund shares sold		1,923			115,573			242			1,201
Dividends and interest receivable		5,223			1,698			4,814			19,058
Variation margin receivable		—			—			19			—
Foreign tax reclaim receivable		2,107			59			—			—
Unrealized gain on foreign spot currency contracts		27			58			6			1
Options purchased, at value (Cost $0, $0, $0 and $365, respectively)		—			—			—			4
Swap contracts, at value (Premiums paid $0, $0, $0 and $16,407, respectively)		—			—			1,716			11,410
Total Assets		2,471,503			1,626,805			488,202			1,205,773
LIABILITIES:
Payable for investment securities purchased		11,769			130,478			2,386			9,126
Payable upon return of securities loaned		96,733			77,907			—			4,924
Payable to custodian		—			1,569			—			—
Foreign currency payable to custodian, at value (Cost $218, $0, $3,771 and $0, respectively)		68			—			3,772			—
Unrealized loss on forward foreign currency contracts		—			—			6,769			5,356
Unrealized loss on foreign spot currency contracts		19			22			—			—
Swap contracts, at value (Premiums received $0, $0, $0 and $0, respectively)		—			—			796			140
Payable for fund shares redeemed		3,285			740			628			2,481
Variation margin payable		953			—			24			5
Investment advisory fees payable		965			1,106			63			397
Administration fees payable		859			684			234			624
Shareholder servicing fees payable		480			263			97			240
Trustees’ fees payable		1			1			—			1
Chief compliance officer fees payable		4			2			1			2
Administration servicing fees payable		4			—			—			—
Other accrued expenses		209			202			50			181
Accrued foreign capital gains tax on appreciated securities		—			148			—			—
Total Liabilities		115,349			213,122			14,820			23,477
Net Assets	$	2,356,154		$	1,413,683		$	473,382		$	1,182,296
NET ASSETS:
Paid in Capital (unlimited authorization — no par value)	$	3,015,950		$	1,450,766		$	482,841		$	1,232,006
Undistributed (distributions in excess of) net investment income		29,494			3,516			2,722			(2,072	)
Accumulated net realized gain (loss) on investments, futures contracts, option contracts, foreign currency contracts and swap contracts		(981,515	)		(104,746	)		(10,130	)		3,050
Net unrealized appreciation (depreciation) on investments and option contracts		292,473			64,279			4,632			(43,533	)
Net unrealized depreciation on futures contracts		(372	)		—			(381	)		(30	)
Net unrealized appreciation (depreciation) on swap contracts		—			—			920			(5,137	)
Net unrealized appreciation (depreciation) on forward foreign currency contracts, foreign currencies and translation of other assets and liabilities denominated in foreign currencies		124			16			(7,222	)		(1,988	)
Accumulated foreign capital gains tax on appreciated securities		—			(148	)		—			—
Net Assets	$	2,356,154		$	1,413,683		$	473,382		$	1,182,296
Net Asset Value, Offering and Redemption Price Per Share — Class A ($2,350,201,341 ÷ 241,920,433 shares, $1,413,682,682 ÷ 134,258,300 shares, $473,381,552 ÷ 45,437,470 shares, $1,182,296,459 ÷ 113,951,652 shares, respectively.)		$9.71			$10.53			$10.42			$10.38
Net Asset Value, Offering and Redemption Price Per Share — Class I ($5,953,046 ÷ 613,634 shares)		$9.70			N/A			N/A			N/A

(1) Included in “Investments, at value” is the market value of securities on loan in the amounts of $91,522, $73,753, $0 and $4,616, ($ Thousands), respectively.

N/A — Not applicable. Share classes currently not offered.

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

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

SEI Institutional International Trust / Annual Report / September 30, 2013 55

Statements of Operations ($ Thousands)

For the year ended September 30, 2013

	International Equity Fund			Emerging Markets Equity Fund			International Fixed Income Fund			Emerging Markets Debt Fund
Investment Income:
Dividends	$	58,068		$	27,102		$	—		$	—
Dividends from Affiliated Security(1)(2)		13			2			—			—
Interest		15			27			11,873			67,423
Security Lending Income — Net(1)		1,995			700			—			6
Less: Foreign Taxes Withheld		(4,055	)		(2,753	)		—			(142	)
Total Investment Income		56,036			25,078			11,873			67,287
Expenses:
Investment Advisory Fees		10,313			10,582			1,490			10,266
Administration Fees		9,190			6,551			2,980			7,851
Shareholder Servicing Fees — Class A		5,092			2,520			1,242			3,020
Shareholder Servicing Fees — Class I		14			—			—			—
Administrative Servicing Fees — Class I		14			—			—			—
Trustees’ Fees		33			16			8			20
Chief Compliance Officer Fees		13			7			3			7
Custodian/Wire Agent Fees		318			557			72			377
Printing Fees		189			100			42			104
Overdraft Fees		11			9			6			24
Professional Fees		134			147			29			95
Registration Fees		51			25			14			32
Other Expenses		128			76			64			98
Total Expenses		25,500			20,590			5,950			21,894
Less:
Waiver of Investment Advisory Fees		—			(798	)		—			(5,413	)
Waiver of Shareholder Servicing Fees — Class A		—			—			(866	)		—
Fees Paid Indirectly		—			(1	)		—			—
Net Expenses		25,500			19,791			5,084			16,481
Net Investment Income		30,536			5,287			6,789			50,806
Net Realized and Unrealized Gain (Loss) on Investments, Option Contracts, Futures Contracts, Swap Contracts and Foreign Currency Transactions:
Net Realized Gain (Loss) from:
Investments		66,931			9,079			5,232			5,303
Affiliated Investments		—			—			—			243
Futures Contracts		14,501			—			818			(137	)
Option Contracts		—			—			—			(133	)
Swap Contracts		—			—			237			6,564
Foreign Currency Transactions		(2,172	)		(1,531	)		17,142			2,913
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		270,696			27,514			(21,206	)		(117,517	)
Affiliated Investments		2,086			1,262			—			—
Futures Contracts		648			—			(258	)		(51	)
Option Contracts		—			—			—			(361	)
Swap Contracts		—			—			(484	)		(6,778	)
Foreign Capital Gains Tax on Appreciated Securities		—			147			—			—
Foreign Currency Transactions		441			(30	)		(4,510	)		(4,978	)
Net Realized and Unrealized Gain (Loss) on Investments, Option Contracts, Futures Contracts, Swap Contracts and Foreign Currency Transactions		353,131			36,441			(3,029	)		(114,932	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	383,667		$	41,728		$	3,760		$	(64,126	)

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

(2) See Note 4 in Notes to Financial Statements.

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

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

56 SEI Institutional International Trust / Annual Report / September 30, 2013

Statements of Changes in Net Assets ($ Thousands)

For the years ended September 30,

	International Equity Fund						Emerging Markets Equity Fund
	2013			2012			2013			2012
Operations:
Net Investment Income	$	30,536		$	30,343		$	5,287		$	4,128
Net Realized Gain (Loss) from Investments, Affiliated Investments, Futures Contracts and Swap Contracts		81,432			(40,129	)		9,079			(70,342	)
Net Realized Gain (Loss) on Forward Foreign Currency Contracts and Foreign Currency Transactions		(2,172	)		371			(1,531	)		(1,087	)
Net Change in Unrealized Appreciation on Investments, Affiliated Investments, Futures Contracts and Swap Contracts		273,430			240,217			28,776			170,092
Net Change in Unrealized Appreciation (Depreciation) on Foreign Capital Tax Gains on Appreciated Securities		—			—			147			(292	)
Net Change in Unrealized Appreciation (Depreciation) on Forward Foreign Currency Contracts, Foreign Currencies, and Translation of Other Assets and Liabilities Denominated in Foreign Currencies		441			(362	)		(30	)		184
Net Increase in Net Assets Resulting from Operations		383,667			230,440			41,728			102,683
Dividends From:
Net Investment Income:
Class A		(29,890	)		(34,665	)		(4,998	)		(2,183	)
Class I		(72	)		(96	)		N/A			N/A
Total Dividends		(29,962	)		(34,761	)		(4,998	)		(2,183	)
Capital Share Transactions:
Class A:
Proceeds from Shares Issued		563,306			568,731	(1)		724,981			298,296
Reinvestment of Dividends & Distributions		27,440			32,156			4,533			2,014
Cost of Shares Redeemed		(436,142	)		(519,994	)		(252,291	)		(196,578	)
Increase in Net Assets Derived from Class A Transactions		154,604			80,893			477,223			103,732
Class I:
Proceeds from Shares Issued		1,323			1,307	(1)		N/A			N/A
Reinvestment of Dividends & Distributions		47			67			N/A			N/A
Cost of Shares Redeemed		(1,647	)		(1,982	)		N/A			N/A
Decrease in Net Assets Derived from Class I Transactions		(277	)		(608	)		N/A			N/A
Increase in Net Assets Derived from Capital Share Transactions		154,327			80,285			477,223			103,732
Net Increase in Net Assets		508,032			275,964			513,953			204,232
Net Assets:
Beginning of Year		1,848,122			1,572,158			899,730			695,498
End of Year	$	2,356,154		$	1,848,122		$	1,413,683		$	899,730
Undistributed Net Investment Income Included in Net Assets at End of Year	$	29,494		$	29,231		$	3,516		$	3,390
Share Transactions:
Class A:
Shares Issued		63,540			72,568			70,166			30,168
Reinvestment of Distributions		3,244			4,334			426			215
Shares Redeemed		(49,907	)		(66,704	)		(24,132	)		(19,866	)
Total Class A Transactions		16,877			10,198			46,460			10,517
Class I:
Shares Issued		148			166			N/A			N/A
Reinvestment of Distributions		6			9			N/A			N/A
Shares Redeemed		(185	)		(254	)		N/A			N/A
Total Class I Transactions		(31	)		(79	)		N/A			N/A
Net Increase in Shares Outstanding from Share Transactions		16,846			10,119			46,460			10,517

(1) See Note 10 in Notes to Financial Statements.

N/A — Not applicable. Share classes currently not offered.

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

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

SEI Institutional International Trust / Annual Report / September 30, 2013 57

Statements of Changes in Net Assets ($ Thousands) (Continued)

For the years ended September 30,

	International Fixed Income Fund						Emerging Markets Debt Fund
	2013			2012			2013			2012
Operations:
Net Investment Income	$	6,789		$	7,828		$	50,806		$	48,801
Net Realized Gain from Investments, Affiliated Investments, Futures Contracts, Option Contracts and Swap Contracts		6,287			5,531			11,840			48,569
Net Realized Gain (Loss) on Forward Foreign Currency Contracts and Foreign Currency Transactions		17,142			16,653			2,913			(810	)
Net Change in Unrealized Appreciation (Depreciation) on Investments, Affiliated Investments, Futures Contracts, Option Contracts and Swap Contracts		(21,948	)		15,233			(124,707	)		69,712
Net Change in Unrealized Appreciation (Depreciation) on Forward Foreign Currency Contracts, Foreign Currencies, and Translation of Other Assets and Liabilities Denominated in Foreign Currencies		(4,510	)		(15,591	)		(4,978	)		2,058
Net Increase (Decrease) in Net Assets Resulting from Operations		3,760			29,654			(64,126	)		168,330
Dividends and Distributions from:
Net Investment Income:
Class A		(17,902	)		(12,225	)		(70,620	)		(53,538	)
Net Realized Gains:
Class A		—			—			(45,779	)		(2,001	)
Return of Capital:
Class A		(4,024	)		—			—			—
Total Dividends and Distributions		(21,926	)		(12,225	)		(116,399	)		(55,539	)
Capital Share Transactions:
Class A:
Proceeds from Shares Issued		119,934			92,376			470,901			446,482
Reinvestment of Dividends & Distributions		19,825			11,251			101,418			49,190
Cost of Shares Redeemed		(140,004	)		(118,192	)		(374,600	)		(319,757	)
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(245	)		(14,565	)		197,719			175,915
Net Increase (Decrease) in Net Assets		(18,411	)		2,864			17,194			288,706
Net Assets:
Beginning of Year		491,793			488,929			1,165,102			876,396
End of Year	$	473,382		$	491,793		$	1,182,296		$	1,165,102
Undistributed (Distributions in excess of) Net Investment Income Included in Net Assets at End of Year	$	2,722		$	(15,636	)	$	(2,072	)	$	8,863
Share Transactions:
Class A:
Shares Issued		11,333			8,800			41,939			39,221
Reinvestment of Distributions		1,897			1,098			8,776			4,465
Shares Redeemed		(13,265	)		(11,260	)		(33,284	)		(28,264	)
Total Class A Transactions		(35	)		(1,362	)		17,431			15,422

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

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

58 SEI Institutional International Trust / Annual Report / September 30, 2013

Financial Highlights

For the years ended September 30,

For a Share Outstanding Throughout Each Year

	Net Asset Value, Beginning of Year		Net Investment Income(1)		Net Realized and Unrealized Gains (Losses)  on Securities(1)			Total from Operations			Dividends from Net Investment Income			Distributions from Realized Capital Gains			Total Dividends and Distributions and Return of  Capital			Net Asset Value, End of Year		Total Return†			Net Assets End of Year (Thousands)		Ratio of Expenses to Average Net Assets*			Ratio of Expenses to Average Net  Assets (Excluding Fees Paid Indirectly)**			Ratio of Expenses to Average Net Assets (Excluding Waivers and Fees Paid Indirectly)**			Ratio of Net Investment Income to Average Net Assets			Portfolio Turnover Rate
International Equity Fund
Class A
2013	$	8.19	$	0.13	$	1.53		$	1.66		$	(0.14	)	$	—		$	(0.14	)	$	9.71		20.47	%	$	2,350,201		1.25	%(3)		1.25	%(3)		1.25	%(3)		1.50	%		47	%
2012		7.29		0.14		0.92			1.06			(0.16	)		—			(0.16	)		8.19		14.76			1,842,851		1.26	(3)		1.26	(3)		1.26	(3)		1.75			56
2011		8.34		0.16		(1.08	)		(0.92	)		(0.13	)		—			(0.13	)		7.29		(11.34	)		1,566,893		1.27	(3)		1.27	(3)		1.27	(3)		1.88			98
2010		7.88		0.10		0.36			0.46			—			—			—			8.34		5.84			1,898,206		1.27	(3)		1.27	(3)		1.28	(11)		1.26			144
2009		8.85		0.13		(0.94	)		(0.81	)		(0.16	)		—			(0.16	)		7.88		(8.73	)		2,053,411		1.28	(2)(3)		1.28	(2)(3)		1.29	(11)		2.01			154
Class I
2013	$	8.18	$	0.11	$	1.52		$	1.63		$	(0.11	)	$	—		$	(0.11	)	$	9.70		20.19	%	$	5,953		1.50	%(3)		1.50	%(3)		1.50	%(3)		1.21	%		47	%
2012		7.28		0.12		0.91			1.03			(0.13	)		—			(0.13	)		8.18		14.37			5,271		1.51	(3)		1.51	(3)		1.51	(3)		1.48			56
2011		8.32		0.13		(1.06	)		(0.93	)		(0.11	)		—			(0.11	)		7.28		(11.44	)		5,265		1.52	(3)		1.52	(3)		1.52	(3)		1.54			98
2010		7.89		0.08		0.35			0.43			—			—			—			8.32		5.45			8,455		1.52	(3)		1.52	(3)		1.53	(11)		1.00			144
2009		8.82		0.13		(0.94	)		(0.81	)		(0.12	)		—			(0.12	)		7.89		(8.80	)		8,397		1.53	(2)(3)		1.53	(2)(3)		1.54	(11)		1.97			154
Emerging Markets Equity Fund
Class A
2013	$	10.25	$	0.06	$	0.28		$	0.34		$	(0.06	)	$	—		$	(0.06	)	$	10.53		3.29	%	$	1,413,683		1.96	%(4)		1.96	%(4)		2.04	%(12)		0.52	%		78	%
2012		9.00		0.05		1.23			1.28			(0.03	)		—			(0.03	)		10.25		14.21			899,730		1.97	(4)		1.97	(4)		2.07	(12)		0.49			93
2011		11.40		0.05		(2.35	)		(2.30	)		(0.10	)		—			(0.10	)		9.00		(20.38	)		695,498		1.96	(4)		1.96	(4)		2.09	(12)		0.44			98
2010		9.64		0.04		1.78			1.82			(0.06	)		—			(0.06	)		11.40		18.93			935,583		1.96	(4)		1.96	(4)		2.09	(12)		0.38			81
2009		11.43		0.08		0.18			0.26			(0.10	)		(1.95	)		(2.05	)		9.64		16.40			916,780		1.97	(4)		1.97	(4)		2.11	(12)		1.08			80
International Fixed Income Fund
Class A
2013	$	10.82	$	0.14	$	(0.06	)	$	0.08		$	(0.48	)(10)	$	—		$	(0.48	)	$	10.42		0.77	%	$	473,382		1.02	%(5)		1.02	%(5)		1.20	%(13)		1.37	%		86	%
2012		10.44		0.17		0.48			0.65			(0.27	)		—			(0.27	)		10.82		6.34			491,793		1.02	(5)		1.02	(5)		1.21	(13)		1.60			103
2011		10.92		0.25		(0.22	)		0.03			(0.51	)(9)		—			(0.51	)		10.44		0.41			488,929		1.02	(5)		1.02	(5)		1.21	(13)		2.40			119
2010		10.21		0.24		0.57			0.81			(0.10	)(8)		—			(0.10	)		10.92		7.97			505,081		1.07	(7)		1.07	(7)		1.21	(13)		2.33			135
2009		10.46		0.28		0.53			0.81			(1.06	)		—			(1.06	)		10.21		8.85			538,159		1.02	(5)		1.02	(5)		1.06	(13)		2.86			170
Emerging Markets Debt Fund
Class A
2013	$	12.07	$	0.47	$	(1.02	)	$	(0.55	)	$	(0.68	)	$	(0.46	)	$	(1.14	)	$	10.38		(5.19	)%	$	1,182,296		1.36	%(6)		1.36	%(6)		1.81	%(14)		4.20	%		90	%
2012		10.81		0.55		1.36			1.91			(0.63	)		(0.02	)		(0.65	)		12.07		18.48			1,165,102		1.36	(6)		1.36	(6)		1.80	(14)		4.85			102
2011		11.19		0.63		(0.70	)		(0.07	)		(0.31	)		—			(0.31	)		10.81		(0.71	)		876,396		1.36	(6)		1.36	(6)		1.80	(14)		5.58			59
2010		10.24		0.67		1.14			1.81			(0.86	)		—			(0.86	)		11.19		18.78			931,865		1.36	(6)		1.36	(6)		1.79	(14)		6.41			70
2009		9.43		0.71		0.85			1.56			(0.75	)		—			(0.75	)		10.24		18.62			790,597		1.37	(6)		1.37	(6)		1.81	(14)		8.47			73

* Includes Fees Paid Indirectly, if applicable. See Note 4 in Notes to Financial Statements.

** See Note 4 in Notes to Financial Statements.

† Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

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

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

(3) The expense ratio includes overdraft fees. Had this expense been excluded, the ratios for Class A and I shares would have been 1.25% and 1.50%, respectively for 2013, 1.26% and 1.51%, respectively for 2012, 1.27% and 1.52%, respectively for 2011 and 2010 and 1.28% and 1.53%, respectively for 2009.

(4) The expense ratio includes overdraft fees. Had this expense been excluded, the ratios would have been 1.96% for 2013, 2012, 2011, 2010 and 2009.

(5) The expense ratio includes overdraft fees. Had this expense been excluded, the ratios would have been 1.02%, 1.02%, 1.02%, 1.01% and 1.02% for 2013, 2012, 2011 and 2009, respectively.

(6) The expense ratio includes overdraft fees. Had this expense been excluded, the ratios would have been 1.36% for 2013, 2012, 2011, 2010 and 2009.

(7) The expense ratio includes proxy and overdraft fees. Had these expenses been excluded, the ratio would have been 1.01% for 2010.

(8) Includes a return of capital of less than $0.01.

(9) Includes a return of capital of $0.01 per share.

(10) Includes a return of capital of $0.09 per share.

(11) The expense ratio includes overdraft fees. Had this expense been excluded, the ratios for Class A and I shares would have been 1.28% and 1.53%, respectively for 2010 and 1.29% and 1.54%, respectively for 2009.

(12) The expense ratio includes overdraft fees. Had this expense been excluded the ratios would have been 2.04%, 2.06%, 2.09%, 2.09% and 2.10% for 2013, 2012, 2011, 2010 and 2009.

(13) The expense ratio includes overdraft fees. Had this expense been excluded the ratios would have been 1.20%, 1.21%, 1.21%, 1.15% and 1.06% for 2013, 2012, 2011, 2010 and 2009.

(14) The expense ratio includes overdraft fees. Had this expense been excluded the ratios would have been 1.81%, 1.80%, 1.80%, 1.79% and 1.80% for 2013, 2012, 2011, 2010 and 2009.

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

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

SEI Institutional International Trust / Annual Report / September 30, 2013 59

Notes to Financial Statements

September 30, 2013

1. ORGANIZATION

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

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

Security Valuation — Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded, or, if there is no such reported sale, at the most recent quoted bid price. Debt securities are priced based upon valuations provided by independent, third-party pricing agents, if available. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of sixty days or less may be valued at their amortized cost, which approximates market value. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates. Prices for most securities held in the Funds are provided daily by recognized independent pricing agents. SEI Investments Management Corporation (“SIMC”) or a sub-adviser, as applicable, reasonably believes that prices provided by independent pricing agents are reliable. However, there can be no assurance that such pricing service’s prices

will be reliable. SIMC or a sub-adviser, as applicable, continuously monitors the reliability of prices obtained from any pricing service and will notify the Funds’ administrator if it believes that a particular

pricing service is no longer a reliable source of prices. The Funds’ administrator, in turn, will notify the Trust’s Fair Value Committee if it receives such notification from SIMC or a sub-adviser, as applicable, or if the Funds’ administrator reasonably believes that a particular pricing service is no longer a reliable source for prices. If a security price cannot be obtained from an independent, third-party pricing agent, the Funds seek to obtain a bid price from at least one independent broker.

Securities for which market prices are not “readily available” are determined to be unreliable or can not be valued using methodologies described above are valued in accordance with Fair Value Procedures established by the Trust’s Board of Trustees (the “Board”). The Trust’s Fair Value Procedures are implemented through a Fair Value Committee (the “Committee”) designated by the Board. The Committee is currently composed of two members of the Board of Trustees, as well as representatives from SIMC and its affiliates. The Committee provides regular reports to the Board concerning investments for which market prices are not readily available or may be unreliable. Some of the more common reasons that may necessitate that a security be valued using Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open; or the security’s primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration relevant information reasonably available to the Committee. Examples of factors the Committee may consider are: (i) the facts giving rise to the need to fair value; (ii) the last trade price; (iii) the performance of the market or the issuer’s industry; (iv) the liquidity of the security; (v) the size of the holding in a Fund; or (vi) any other appropriate information. The determination of a security’s fair value price often involves the consideration of a number of subjective factors and is therefore subject to the unavoidable risk that the value assigned to a security may be higher or lower than the security’s value would be if a reliable market quotation for the security was readily available.

For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which a Fund calculates its net asset value. The closing prices of such securities may no longer reflect their market value at the time the Fund calculates net asset value if an event that could materially affect the value of those securities (a “Significant Event”) has occurred between the time of the security’s last close and the time that the Fund calculates net asset value. A Significant Event may relate to a single issuer or to an entire market sector. If the adviser or sub-adviser of a Fund becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which

60 SEI Institutional International Trust / Annual Report / September 30, 2013

the Fund calculates net asset value, it may request that a Committee meeting be called. In addition, the Fund’s administrator monitors price movements among certain selected indices, securities and/or baskets of securities that may be an indicator that the closing prices received earlier from foreign exchanges or markets may not reflect market value at the time the Fund calculates net asset value. If price movements in a monitored index or security exceed levels established by the administrator, the administrator notifies the adviser or sub-adviser for any Fund holding the relevant securities that such limits have been exceeded. In such event, the adviser or sub-adviser makes the determination whether a Committee Meeting should be called based on the information provided.

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

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

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

Level 1 — quoted prices in active markets for identical investments

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

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

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

The valuation techniques used by the Funds to measure fair value during the year ended September 30, 2013 maximized the use of observable inputs and minimized the use of unobservable inputs.

For the year ended September 30, 2013, there have been no significant changes to the inputs or the Trust’s fair valuation methodologies.

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

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

Amortization and accretion is calculated using the scientific interest method, which approximates the effective interest method over the holding period of the security, which is not materially different from the effective interest method. Amortization of premiums and discounts is included in interest income.

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

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

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

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

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

SEI Institutional International Trust / Annual Report / September 30, 2013 61

Notes to Financial Statements (Continued)

September 30, 2013

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

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

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

Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities. Refer to each Fund’s Schedule of Investments for details regarding open forward foreign currency contracts as of September 30, 2013, if applicable.

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

Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. Second, it is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. Third, the

futures contract involves the risk that a Fund could lose more than the original margin deposit required to initiate a futures transaction.

Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities. Refer to each Fund’s Schedule of Investments for details regarding open futures contracts as of September 30, 2013, if applicable.

Options/Swaptions Writing/Purchasing — To the extent consistent with its investment objective and strategies, a Fund may invest in financial options/swaptions contracts for the purpose of hedging its existing portfolio securities, or securities that a Fund intends to purchase, against fluctuations in fair market value caused by changes in prevailing market interest rates. A Fund may also invest in financial option/swaption contracts to enhance its returns. When the Fund writes or purchases an option/swaption, an amount equal to the premium received or paid by the Fund is recorded as a liability or an asset and is subsequently adjusted to the current market value of the option/swaption written or purchased. Premiums received or paid from writing or purchasing options/ swaptions which expire unexercised are treated by the Fund on the expiration date as realized gains or losses. The difference between the premium and the amount paid or received on effecting a closing purchase or sale transaction, including brokerage commissions, is also treated as a realized gain or loss. If an option/swaption is exercised, the premium paid or received is added to the cost of the purchase or proceeds from the sale in determining whether the Fund has realized a gain or a loss. The Emerging Markets Debt Fund had purchased option contracts as of September 30, 2013, as disclosed in the Fund’s Schedule of Investments.

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

Finally, the risk exists that losses on written options could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to each Fund’s Schedule of Investments for details regarding open option/swaption contracts as of September 30, 2013, if applicable.

Swap Agreements — To the extent consistent with its Investment Objective and Strategies, a Fund may invest in swap contracts as an efficient means to take and manage risk in the portfolio, including interest rate risk, credit risk and overall yield sensitivity. A swap agreement is a two-party contract under which an agreement is made to exchange returns from predetermined investments or instruments, including a particular interest rate, foreign currency, or “basket” of

62 SEI Institutional International Trust / Annual Report / September 30, 2013

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

Swaps are marked-to-market daily based upon quotations from market makers and the resulting changes in market values, if any, are recorded as unrealized gains or losses in the Statement of Operations. Net payments of interest are recorded as realized gains or losses. Daily changes in valuation of Centrally Cleared swaps, if any, are recorded as a receivable or payable for the change in value as appropriate (“variation margin”) on the Statements of Assets and Liabilities.

Entering into swap agreements involves, to varying degrees, elements of credit and market risk in excess of the amounts recognized on the Schedule of Investments or the Statement of Assets and Liabilities.

Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreement may default on its obligation to perform and that there may be unfavorable changes in the fluctuation of interest rates. Risks also arise from potential losses from adverse market movements.

Counterparty risk may be mitigated by having a master netting arrangement between a Fund and the counterparty and by having the counterparty post collateral to cover a Fund’s exposure to the counterparty. Refer to each Fund’s Schedule of Investments for details regarding open swap contracts as of September 30, 2013, if applicable.

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

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

Certain debt obligations, customarily referred to as “Brady Bonds,” are created through the exchange of existing commercial bank loans to foreign entities for new obligations in connection with debt

SEI Institutional International Trust / Annual Report / September 30, 2013 63

Notes to Financial Statements (Continued)

September 30, 2013

restructuring under a plan introduced by former U.S. Secretary of the Treasury Nicholas F. Brady. Brady Bonds have only been issued since 1989, and, accordingly, do not have a long payment history. They are issued by governments that may have previously defaulted on the loans being restructured by the Brady Bonds, so they are subject to the risk of default by the issuer. They may be fully or partially collateralized or uncollateralized and issued in various currencies.

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

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

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

Redemption Fees — The Funds charge a redemption fee based on a redemption, or a series of redemptions from a single identifiable source that in the aggregate exceed a specific dollar threshold within any thirty day period, as presented below:

	Dollar Threshold ($ Thousands)		Redemption Fee
International Equity Fund	$	50,000		0.75	%
Emerging Markets Equity Fund		25,000		1.25
International Fixed Income Fund		25,000		1.00
Emerging Markets Debt Fund		25,000		1.00

For the year ended September 30, 2013, the Funds did not charge any redemption fees. Such fees, if any, are retained by the Funds for the benefit of the remaining shareholders.

3. DERIVATIVE TRANSACTIONS

The following tables include only Funds that had exposure to more than one type of risk on derivatives held throughout the year. For Funds that held derivatives throughout the year with only one type of risk exposure, additional information can be found on the Schedules of Investments and the Statements of Operations. The fair value of derivative instruments as of September 30, 2013 was as follows:

	Asset Derivatives				Liability Derivatives
	Year ended September 30, 2013 ($ Thousands)				Year ended September 30, 2013 ($ Thousands)
	Statement of Assets and Liabilities Location	Fair Value			Statement of Assets and Liabilities Location	Fair Value
International Fixed Income Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$	249	*	Net Assets — Unrealized depreciation on futures contracts	$	630	*
	Net Assets — Unrealized appreciation on swap contracts		1,716	†	Net Assets — Unrealized depreciation on swap contracts		796	†
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts		269		Unrealized loss on forward foreign currency contracts		6,769
Total Derivatives not accounted for as hedging instruments		$	2,234			$	8,195
Emerging Markets Debt Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$	—	*	Net Assets — Unrealized depreciation on futures contracts	$	30	*
	Net Assets — Unrealized appreciation on swap contracts		44	†	Net Assets — Unrealized depreciation on swap contracts		140	†
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts		3,033		Unrealized loss on forward foreign currency contracts		5,356
Equity contracts	Net Assets — Unrealized appreciation on swap contracts		—	†	Net Assets — Unrealized depreciation on swap contracts		5,041	†
	Options purchased, at value		4		Options written, at value		—
Total Derivatives not accounted for as hedging instruments		$	3,081			$	10,567

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

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

64 SEI Institutional International Trust / Annual Report / September 30, 2013

The effect of derivative instruments on the Statements of Operations for the year ended September 30, 2013.

Amount of realized gain or (loss) on derivatives recognized in income ($ Thousands):

Derivatives Not Accounted for as Hedging Instruments	Options			Futures			Forward Currency Contracts			Swaps			Total
International Equity Fund
Foreign exchange contracts	$	—		$	—		$	(678	)	$	—		$	(678	)
Equity contracts		—			14,501			—			—			14,501
Total	$	—		$	14,501		$	(678	)	$	—		$	13,823
International Fixed Income Fund
Interest rate contracts	$	—		$	818		$	—		$	612		$	1,430
Foreign exchange contracts		—			—			19,365			—			19,365
Credit contracts		—			—			—			(375	)		(375	)
Total	$	—		$	818		$	19,365		$	237		$	20,420
Emerging Markets Debt Fund
Interest rate contracts	$	—		$	(137	)	$	—		$	(108	)	$	(245	)
Foreign exchange contracts		—			—			7,103			—			7,103
Credit contracts		—			—			—			1			1
Equity contracts		(133	)		—			—			6,671			6,538
Total	$	(133	)	$	(137	)	$	7,103		$	6,564		$	13,397

Change in unrealized appreciation or (depreciation) on derivatives recognized in income ($ Thousands):

Derivatives Not Accounted for as Hedging Instruments	Options			Futures			Forward Currency Contracts			Swaps			Total
International Equity Fund
Interest rate contracts	$	—		$	648		$	—		$	—		$	648
Foreign exchange contracts		—			—			391			—			391
Total	$	—		$	648		$	391		$	—		$	1,039
International Fixed Income Fund
Interest rate contracts	$	—		$	(258	)	$	—		$	(484	)	$	(742	)
Foreign exchange contracts		—			—			(4,548	)		—			(4,548	)
Total	$	—		$	(258	)	$	(4,548	)	$	(484	)	$	(5,290	)
Emerging Markets Debt Fund
Interest rate contracts	$	(361	)	$	(51	)	$	—		$	(102	)	$	(514	)
Foreign exchange contracts		—			—			(5,180	)		—			(5,180	)
Equity contracts		—			—			—			(6,676	)		(6,676	)
Total	$	(361	)	$	(51	)	$	(5,180	)	$	(6,778	)	$	(12,370	)

Certain Funds are party to International Swap Dealers Association, Inc. Master Agreements (“ISDA Master Agreements”). These agreements are with select counterparties and they govern transactions, including certain over-the counter derivative and foreign exchange contracts, entered into by the Trust on behalf of a Fund and the counterparty.

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.

4. INVESTMENT ADVISORY, ADMINISTRATION AND DISTRIBUTION AGREEMENTS, INVESTMENT SUB-ADVISORY AGREEMENTS AND OTHER TRANSACTIONS WITH AFFILIATES

Investment Advisory, Administration and Distribution Agreements — SIMC serves as investment adviser (the “Adviser”) to each Fund. In connection with serving as Adviser, SIMC is entitled to a fee, which is calculated daily and paid monthly, based on the average daily net assets of each fund.

SEI Investments Global Funds Services (the “Administrator”) provides administrative and transfer agency services to the Funds for annual fees, based on the average daily net assets of each fund.

SEI Investments Distribution Co. (the “Distributor”), a wholly owned subsidiary of SEI Investments Company (“SEI”), serves as each Fund’s Distributor. The Trust has adopted plans under which firms,

SEI Institutional International Trust / Annual Report / September 30, 2013 65

Notes to Financial Statements (Continued)

September 30, 2013

including the Distributor, that provide shareholder and administrative services may receive compensation therefrom.

Such plans provide fees payable to the Distributor, calculated as a percentage of the average daily net assets attributable to each particular class of each respective fund. Under both the Shareholder Servicing Plan and Administrative Service Plan, the Distributor may retain as profit any difference between the fee it receives and the amount it pays to third parties.

The Adviser, Administrator and/or Distributor have voluntarily agreed to waive a portion of their fees in order to keep total direct operating

expenses (exclusive of interest from borrowings, brokerage commissions, taxes, Trustees fees and extraordinary expenses not incurred in the ordinary course of the Funds’ business) at a specified level. The voluntary waivers by the Funds’ Adviser, Administrator and/or Distributor are limited to the Funds’ direct operating expenses and, therefore, do not apply to indirect expenses incurred by the Funds, such as acquired fund fees and expenses (AFFE). The waivers are voluntarily and the Funds’ Adviser, Administrator and/or Distributor may discontinue all or part of any of these waivers at any time.

The following is a summary of annual fees payable to the Adviser, Administrator and Distributor and the voluntary expense limitations for each Fund:

	Advisory Fee			Administration Fee			Shareholder Servicing Fee			Administrative Servicing Fee			Voluntary Expense Limitations
International Equity Fund
Class A		0.505	%		0.45	%		0.25	%		—			1.26	%
Class I		0.505	%		0.45	%		0.25	%		0.25	%		1.51	%
Emerging Markets Equity Fund
Class A		1.05	%		0.65	%		0.25	%		—			1.97	%
International Fixed Income Fund
Class A		0.30	%		0.60	%		0.25	%		—			1.02	%
Emerging Markets Debt Fund
Class A		0.85	%		0.65	%		0.25	%		—			1.36	%

For the year ended September 30, 2013, the Distributor retained 100% of both shareholder servicing fees and administrative servicing fees, less the waiver.

Investment Sub-Advisory Agreements — As of September 30, 2013, SIMC has entered into Investment Sub-Advisory Agreements with the following parties:

Investment Sub-Adviser

International Equity Fund

Acadian Asset Management LLC

Causeway Capital Management LLC

del Rey Global Investors LLC

INTECH Investment Management LLC

Neuberger Berman Management LLC

Schroder Investment Management North America, Inc.

Tradewinds Global Investors LLC

Emerging Markets Equity Fund

Delaware Investment Fund Advisers

JO Hambro Capital Management Limited

Kleinwort Benson Investors International Ltd.

Lazard Asset Management LLC

Neuberger Berman Management LLC

PanAgora Asset Management, Inc.

International Fixed Income Fund

AllianceBernstein L.P.

FIL Investment Advisors

Wellington Management Company, LLP

Investment Sub-Adviser

Emerging Markets Debt Fund

Ashmore Investment Management Limited

Investec Asset Management Ltd.

Stone Harbor Investment Partners LP

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

Brokerage Commissions Paid to Affiliates — The Distribution Agreement between the Distributor and the Trust provides that the Distributor may receive compensation on fund transactions effected for the Trust in accordance with the rules of the Securities and Exchange Commission (“SEC”). Accordingly, it is expected that fund transactions may result in brokerage commissions being paid to the Distributor. The SEC rules require that such commissions not exceed usual and customary commissions. There were no such commissions for the year ended September 30, 2013.

Fees Paid Indirectly — The Funds may direct certain fund trades to the Distributor who pays a portion of the Fund’s expenses. Accordingly, the expenses reduced, which were used to pay third party expenses, and the effect on the Fund’s expense ratio, as a percentage of the Fund’s average daily net assets for the year ended September 30, 2013, can be found on the Statement of Operations and Financial Highlights, if applicable.

66 SEI Institutional International Trust / Annual Report / September 30, 2013

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

Payment to Affiliates — Certain Officers and Trustees of the Trust are also Officers and/or Directors of the Administrator, Adviser and/or the Distributor.

The Trust pays each unaffiliated Trustee an annual fee for attendance at quarterly, interim, and committee meetings. The Administrator or the Distributor pays compensation of Officers and affiliated Trustees.

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

Interfund Lending — The SEC has granted an exemption that permits the Trust to participate in an interfund lending program (“the Program”) with existing or future investment companies registered under the 1940 Act that are advised by SIMC (the “SEI Funds”). The Program allows the SEI Funds to lend money to and borrow money from each other for temporary or emergency purposes. Participation in the Program is voluntary for both borrowing and lending funds. Interfund loans may be made only when the rate of interest to be charged is more favorable to the lending fund than an investment in overnight repurchase agreements (“Repo Rate”), and more favorable to the borrowing fund than the rate of interest that would be charged by a bank for short-term borrowings (“Bank Loan Rate”). The Bank Loan Rate will be determined using a formula reviewed annually by the SEI Funds’ Board of Trustees. The interest rate imposed on interfund loans is the average of the Repo Rate and the Bank Loan Rate. For the year ended September 30, 2013, the Trust had not participated in the Program.

5. INVESTMENT TRANSACTIONS

The cost of security purchases and the proceeds from the sale of securities, other than temporary cash investments and futures, during the year ended September 30, 2013, were as follows:

	Purchases ($ Thousands)		Sales and Maturities ($ Thousands)
International Equity Fund
US Government	$	—	$	—
Other		1,049,649		904,145
Emerging Markets Equity Fund
US Government		—		—
Other		1,236,758		776,448
International Fixed Income Fund
US Government		12,005		11,859
Other		405,229		369,265

	Purchases ($ Thousands)		Sales and Maturities ($ Thousands)
Emerging Markets Debt Fund
US Government	$	—	$	—
Other		1,182,513		935,957

6. FEDERAL TAX INFORMATION:

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

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

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

Accordingly, the following permanent differences, primarily attributable to different treatment for gains and losses on paydowns of mortgage and asset-backed securities for tax purposes, investments in swaps, investments in passive foreign investment companies, investments in partnerships, distribution reclassification, REIT income reclassification, distributions in excess of net investment income, return of capital and foreign currency transactions have been reclassified to/from the following accounts as of September 30, 2013:

	Paid-in- Capital ($ Thousands)			Undistributed Net Investment Income/(Loss) ($ Thousands)			Accumulated Realized Gain/(Loss) ($ Thousands)
International Equity Fund	$	—		$	(311	)	$	311
Emerging Markets Equity Fund		—			(163	)		163
International Fixed Income Fund		(15,951	)		33,495			(17,544	)
Emerging Markets Debt Fund		—			8,879			(8,879	)

SEI Institutional International Trust / Annual Report / September 30, 2013 67

Notes to Financial Statements (Continued)

September 30, 2013

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

		Ordinary Income ($ Thousands)		Long-Term Capital Gain ($ Thousands)		Return of Capital ($ Thousands)		Totals ($ Thousands)
International Equity Fund	2013	$	29,962	$	—		—	$	29,962
	2012		34,761		—		—		34,761
Emerging Markets Equity Fund	2013		4,998		—		—		4,998
	2012		2,183		—		—		2,183
International Fixed Income Fund	2013		17,902		—		4,024		21,926
	2012		12,225		—		—		12,225
Emerging Markets Debt Fund	2013		79,157		37,242		—		116,399
	2012		53,538		2,001		—		55,539

As of September 30, 2013, the components of Distributable Earnings (Accumulated Losses) were as follows:

	Undistributed Ordinary Income ($ Thousands)		Undistributed Long-Term Capital Gain ($ Thousands)		Capital Loss Carryforwards ($ Thousands)			Post October Losses ($ Thousands)
International Equity Fund	$	31,585	$	—	$	(966,949	)	$	—
Emerging Markets Equity Fund		6,503		—		(81,766	)		—
International Fixed Income Fund		—		—		(10,538	)		—
Emerging Markets Debt Fund		5,739		8,019		—			(552	)

	Unrealized Appreciation (Depreciation) ($ Thousands)			Other Temporary Differences ($ Thousands)			Total Accumulated Gains (Losses) ($ Thousands)
International Equity Fund	$	275,108		$	460		$	(659,796	)
Emerging Markets Equity Fund		38,175			5			(37,083	)
International Fixed Income Fund		(2,000	)		3,079			(9,459	)
Emerging Markets Debt Fund		(50,214	)		(12,702	)		(49,710	)

Post-October losses represent losses realized on investment transactions from November 1, 2012 through September 30, 2013, that, in accordance with Federal income tax regulations, the Funds defer and treat as having arisen in the following fiscal year. For Federal income tax purposes, capital carryforwards may be carried forward and applied against future capital gains as follows:

	Expires 2017 ($ Thousands)		Expires 2018 ($ Thousands)		Total Capital Loss Carryforward 09/30/13 ($  Thousands)
International Equity Fund	$	276,592	$	690,357	$	966,949
Emerging Markets Equity Fund		—		19,246		19,246
International Fixed Income Fund		—		10,538		10,538

Under the recently enacted Regulated Investment Company Modernization Act of 2010, Funds will be permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years. As a result of this ordering

rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. Losses carried forward under these new provisions are as follows:

	Short-Term Loss		Long-Term Loss		Total*
Emerging Markets Equity Fund	$	33,049	$	29,471	$	62,520

* This table should be used in conjunction with the capital loss carryforwards table.

During the year ended September 30, 2013, the following Funds utilized capital loss carryforwards to offset capital gains:

	Amount utilized ($ Thousands)
International Equity Fund	$	38,493
International Fixed Income Fund		5,369

For Federal income tax purposes, the cost of securities owned at September 30, 2013, and the net realized gains or losses on securities sold for the period were not materially different from amounts reported for financial reporting purposes. These differences are primarily due to investments in partnerships, passive foreign investment companies, defaulted bonds and wash sales which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. The aggregate gross unrealized appreciation and depreciation on total investments, excluding options purchased, held by the Funds at September 30, 2013, was as follows:

	Federal Tax Cost ($ Thousands)		Aggregate Gross Unrealized Appreciation ($ Thousands)		Aggregate Gross Unrealized Depreciation ($ Thousands)			Net Unrealized Appreciation ($ Thousands)
International Equity Fund	$	2,178,066	$	365,000	$	(89,644	)	$	275,356
Emerging Markets Equity Fund		1,443,405		133,687		(95,380	)		38,307
International Fixed Income Fund		468,689		17,268		(12,702	)		4,566
Emerging Markets Debt Fund		1,202,800		27,690		(75,306	)		(47,616	)

Management has analyzed the Funds’ tax positions taken on federal income tax returns for all open tax years and has concluded that as of September 30, 2013, no provision for income tax would be required in the Funds’ financial statements. The Funds’ federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

7. CONCENTRATION/RISKS

Each Fund invests in securities of foreign issuers in various countries. These investments may involve certain considerations and risks not typically associated with investments in the United States. Foreign investments may subject the Fund’s to foreign government exchange restrictions, expropriation, taxation or other political, social or economic development, all of which affect the market and/or credit risk of the investments. The market values of the International Fixed

68 SEI Institutional International Trust / Annual Report / September 30, 2013

Income and Emerging Markets Debt Funds’ investments will change in response to interest rate changes and other factors. During periods of falling interest rates, the values of fixed income securities generally rise. Conversely, during periods of rising interest rates, the values of such securities generally decline. Changes by recognized rating agencies in the ratings of any fixed income security and in the ability of an issuer to make payments of interest and principal may also affect the value of these investments. Also, the ability of the issuers of debt securities held by the International Fixed Income Fund and Emerging Markets Debt Fund to meet their obligations may be affected by economic and political developments in a specific country, industry or region.

Certain securities held by the Funds are valued on the basis of a price provided by a principal market maker. The prices provided by the principal market makers are estimates that may differ from the value that would be realized if the securities were sold. At September 30, 2013, the total value of these securities represented approximately 0.5% of the net assets of the Emerging Markets Debt Fund.

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

The foregoing is not intended to be a complete discussion of all risks associated with the investment strategies of the Funds. Please refer to each Fund’s current prospectus for a comprehensive discussion of the risks associated with investing in the Fund.

8. SECURITIES LENDING

A Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Trust’s Board of Trustees. These loans may not exceed 33 1/3% of the total asset value of a Fund (including the loan collateral). No Fund will lend portfolio securities to its Adviser, sub-adviser or their affiliates unless it has applied for and received specific authority to do so from the SEC. Loans of portfolio securities will be fully collateralized by cash. Collateral will be maintained in an amount equal to at least 100% of the current market value of the loaned securities by marking to market daily, although the borrower will be required to deliver collateral between 102% and 105% of the market value of borrowed securities for domestic and

foreign securities, respectively. However, due to market fluctuations during the day, the value of securities loaned on a particular day may, during the course of the day, exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior

day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain

risks, including the risk that a Fund may be delayed or prevented from recovering the collateral if the borrower fails to return the securities.

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

9. NEW ACCOUNTING PRONOUNCEMENT

In December 2011, the Financial Accounting Standards Board (the “FASB”) issued a further update to the guidance “Balance Sheet — Disclosures about Offsetting Assets and Liabilities”. The amendments to this standard require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The amended guidance is effective for interim and annual reporting periods beginning after January 1, 2013. At this time, management has evaluated the implications of this update and does not believe adoption will have a material impact on the financial statements.

10. LITIGATION SETTLEMENT

During the year ended September 30, 2012, the International Equity Fund received reimbursements to Class A of $3,740 ($ Thousands) and to Class I of $12 ($ Thousands). These amounts received by the International Equity Fund were related to the Bank of America Fair Value Market Timing Litigation and are included in the Statement of Changes. The reimbursements did not have a significant impact on the International Equity Fund’s performance for the year ended September 30, 2012.

11. SUBSEQUENT EVENTS

Management has evaluated the need for disclosures and/or adjustments resulting from subsequent events. Based on this evaluation, no disclosures and/or adjustments were required to the financial statements as of November 27, 2013.

SEI Institutional International Trust / Annual Report / September 30, 2013 69

Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders

SEI Institutional International Trust:

We have audited the accompanying statements of assets and liabilities of SEI Institutional International Trust comprised of the International Equity Fund, Emerging Markets Equity Fund, International Fixed Income Fund and Emerging Markets Debt Fund (collectively, the “Funds”), including the schedules of investments, as of September 30, 2013, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of September 30, 2013, by correspondence with the custodian and brokers, or other appropriate auditing procedures. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of each of the funds comprising SEI Institutional International Trust as of September 30, 2013, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

Philadelphia, Pennsylvania

November 27, 2013

70 SEI Institutional International Trust / Annual Report / September 30, 2013

Trustees and Officers of the Trust (Unaudited)

The following chart lists Trustees and Officers as of September 30, 2013.

Set forth below are the names, ages, addresses, position with the Fund, term of office and length of time served, the principal occupations during the past five years, number of portfolios in fund complex overseen by the directors, and other directorships outside the fund complex of each of the persons currently serving as Directors and Officers of the Fund. The Fund’s Statement of Additional Information (“SAI”) includes additional information about the Directors and Officers. The SAI may be obtained without charge by calling 1-800-342-5734.

Name, Age and Address	Position(s) Held with Trusts	Term of Office and Length of Time Served1	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Trustee2	Other Directorships Held by Trustee
INTERESTED DIRECTORS
Robert A. Nesher One Freedom Valley Drive, Oaks, PA 19456 67 yrs. old	Chairman of the Board of Trustees*	since 1982	Currently performs various services on behalf of SEI for which Mr. Nesher is compensated.	99	Trustee of The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, Bishop Street Funds, Director of SEI Global Master Fund, plc, SEI Global Assets Fund, plc, SEI Global Investments Fund, plc, SEI Investments Global, Limited, SEI Investments — Global Fund Services, Limited, SEI Investments (Europe), Limited, SEI Global Nominee Ltd., and SEI Structured Credit Fund, L.P.
William M. Doran One Freedom Valley Drive Oaks, PA 19456 73 yrs. old	Trustee*	since 1982	Self-employed Consultant since 2003. Partner, Morgan, Lewis & Bockius LLP (law firm) from 1976 to 2003, counsel to the Trust, SEI, SIMC, the Administrator and the Distributor. Secretary of SEI since 1978.	99	Trustee of The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, Bishop Street Funds, Director of SEI since 1974. Director of the Distributor since 2003. Director of SEI Investments — Global Fund Services, Limited, SEI Investments Global, Limited, SEI Investments (Europe), Limited, SEI Global Nominee, Ltd, SEI Investments (Asia), Limited, and SEI Asset Korea Co., Ltd.
TRUSTEES
George J. Sullivan Jr. One Freedom Valley Drive, Oaks, PA 19456 70 yrs. old	Trustee	since 1996	Retired since January 2012. Self-employed Consultant, Newfound Consultants, Inc. since April 1997-December 2011.	99	Trustee of The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, Bishop Street Funds, State Street Navigator Securities Lending Trust, Director of SEI Structured Credit Fund L.P. and member of the independent review committee for SEI’s Canadian-registered mutual funds.

*Messrs. Nesher and Doran are Trustees who may be deemed as “interested” persons of the Trust as that term is defined in the 1940 Act by virtue of their affiliation with SIMC and the Trust’s Distributor.

¹There is no stated term of office for the Trustees of the Trust. However, a Trustee must retire from the Board by the end of the calendar year in which the Trustee turns 75 provided that, although there shall be a presumption that each Trustee attaining such age shall retire, the Board may, if it deems doing so to be consistent with the best interest of the Trust, and with the consent of any Trustee that is eligible for retirement, by unanimous vote, extend the term of such Trustee for successive periods of one year.

²The Fund Complex includes the following Trusts: SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Investments Trust, Adviser Managed Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Liquid Asset Trust, SEI Tax Exempt Trust and New Covenant Funds.

SEI Institutional International Trust / Annual Report / September 30, 2013 71

Trustees and Officers of the Trust (Unaudited)

Name, Age and Address	Position(s) Held with Trusts	Term of Office and Length of Time Served1	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Trustee2	Other Directorships Held by Trustee
TRUSTEES (continued)
Nina Lesavoy One Freedom Valley Drive, Oaks, PA 19456 56 yrs. old	Trustee	since 2003	Founder and Managing Director, Avec Capital, since 2008. Managing Director, Cue Capital from March 2002 to March 2008	99	Director of SEI Structured Credit Fund, L.P.
James M. Williams One Freedom Valley Drive, Oaks, PA 19456 65 yrs. old	Trustee	since 2004	Vice President and Chief Investment Officer, J. Paul Getty Trust, Non-Profit Foundation for Visual Arts, since December 2002.	99	Trustee/Director of Ariel Mutual Funds and SEI Structured Credit Fund, L.P.
Mitchell A. Johnson One Freedom Valley Drive, Oaks, PA 19456 71 yrs. old	Trustee	since 2007	Private Investor since 1994.	99	Trustee of The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II and Bishop Street Funds.
Hubert L. Harris, Jr. One Freedom Valley Drive, Oaks, PA 19456 70 yrs. old	Trustee	since 2008	Retired since December 2005. Chief Executive Officer and Chair of the Board of Directors, AMVESCAP Retirement, Inc., 1997-December 2005. Chief Executive Officer, INVESCO North America, September 2003-December 2005.	99	Director of Colonial BancGroup, Inc. and St. Joseph’s Translational Research Institute, Chair of the Board of Trustees, Georgia Tech Foundation, Inc. (nonprofit corporation); Board of Councilors of the Carter Center.
OFFICERS
Robert A. Nesher One Freedom Valley Drive, Oaks, PA 19456 67 yrs. Old	President and CEO	since 2005	Currently performs various services on behalf of SEI for which Mr. Nesher is compensated.	N/A	N/A
Peter A. Rodriguez One Freedom Valley Drive, Oaks, PA 19456 51 yrs. old	Controller and Chief Financial Officer	since 2011	Director, Fund Accounting, SEI Investments Global Funds Services (March 2011, September 2002 to March 2005 and 1997- 2002); Director, Mutual Fund Trading, SEI Private Trust Company (May 2009 to February 2011); Director, Asset Data Services, Global Wealth Services (June 2006 to April 2009); Director, Portfolio Accounting, SEI Investments Global Funds Services (March 2005 to June 2006)	N/A	N/A
Russell Emery One Freedom Valley Drive, Oaks, PA 19456 50 yrs. old	Chief Compliance Officer	since 2006	Chief Compliance Officer of SEI Institutional Managed Trust, SEI Daily Income Trust, SEI Institutional International Trust, SEI Asset Allocation Trust, SEI Liquid Asset Trust, SEI Tax Exempt Trust, SEI Institutional Investments Trust, The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, and Bishop Street Funds, since March 2006. Chief Compliance Officer of SEI Structured Credit Fund, LP and SEI Alpha Strategy Portfolios, LP since June 2007. Chief Compliance Officer of Adviser Managed Trust since December 2010. Chief Compliance Officer of New Covenant Funds since February 2012.	N/A	N/A

72 SEI Institutional International Trust / Annual Report / September 30, 2013

Name, Age and Address	Position(s) Held with Trusts	Term of Office and Length of Time Served1	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Trustee2	Other Directorships Held by Trustee
OFFICERS (continued)
Timothy D. Barto One Freedom Valley Drive, Oaks, PA 19456 45 yrs. old	Vice President and Secretary	since 2002	General Counsel, Vice President and Secretary of SIMC and the Administrator since 2004. Vice President and Assistant Secretary of SEI since 2001. Vice President of SIMC and the Administrator since 1999.	N/A	N/A
Aaron Buser One Freedom Valley Drive, Oaks, PA 19456 42 yrs. old	Vice President and Assistant Secretary	since 2008	Vice President and Assistant Secretary of SIMC since 2007. Associate at Stark & Stark (2004-2007).	N/A	N/A
David F. McCann One Freedom Valley Drive, Oaks, PA 19456 37 yrs. old	Vice President and Assistant Secretary	since 2009	Vice President and Assistant Secretary of SIMC since 2008. Attorney, Drinker, Bidder & Reath LLP (law firm), May 2005-October 2008.	N/A	N/A
Stephen G. MacRae One Freedom Valley Drive, Oaks, PA 19456 45 yrs. old	Vice President	since 2012	Director of Global Investment Product Management since 2004.	N/A	N/A
Edward McCusker One Freedom Valley Drive Oaks, PA 19456 29 yrs. old	Anti-Money Laundering Compliance Officer and Privacy Officer	since 2013	Compliance Manager of SEI Investments Company, May 2011-April 2013. Project Manager and AML Operations Lead of SEI Private Trust Company, September 2010- May 2011. Private Banking Client Service Professional of SEI Private Banking and Trust, September 2008-September 2010.	N/A	N/A

¹Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust.

²The Fund Complex includes the following Trusts: SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Investments Trust, Adviser Managed Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Liquid Asset Trust, SEI Tax Exempt Trust and New Covenant Funds.

SEI Institutional International Trust / Annual Report / September 30, 2013 73

Disclosure of Fund Expenses (Unaudited)

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

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

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

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

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

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

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

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

	Beginning Account Value 4/1/13		Ending Account Value 9/30/13		Annualized Expense Ratios			Expenses Paid During Period*
International Equity Fund
Actual Fund Return
Class A	$	1,000.00	$	1,102.20		1.24	%	$	6.55
Class I		1,000.00		1,102.30		1.49			7.87
Hypothetical 5% Return
Class A	$	1,000.00	$	1,018.83		1.24	%	$	6.29
Class I		1,000.00		1,017.58		1.49			7.55
Emerging Markets Equity Fund
Actual Fund Return
Class A	$	1,000.00	$	974.10		1.96	%	$	9.72
Hypothetical 5% Return
Class A	$	1,000.00	$	1,015.22		1.96	%	$	9.92

	Beginning Account Value 4/1/13		Ending Account Value 9/30/13		Annualized Expense Ratios			Expenses Paid During Period*
International Fixed Income Fund
Actual Fund Return
Class A	$	1,000.00	$	987.70		1.03	%	$	5.11
Hypothetical 5% Return
Class A	$	1,000.00	$	1,019.93		1.03	%	$	5.19
Emerging Markets Debt Fund
Actual Fund Return
Class A	$	1,000.00	$	924.70		1.37	%	$	6.59
Hypothetical 5% Return
Class A	$	1,000.00	$	1,018.22		1.37	%	$	6.92

* Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period shown).

74 SEI Institutional International Trust / Annual Report / September 30, 2013

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

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

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

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

Specifically, during the course of the Trust’s fiscal year, the Board requested and received written materials from SIMC and the Sub-Advisers regarding: (i) the quality of SIMC’s and the Sub-Advisers’ investment management and other services; (ii) SIMC’s and the Sub-Advisers’ investment management personnel; (iii) SIMC’s and the Sub-Advisers’ operations and financial condition; (iv) SIMC’s and the Sub-Advisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the level of the advisory fees that SIMC charges the Funds and the level of the sub-advisory fees that SIMC pays the Sub-Advisers compared with the fees each charge to comparable mutual funds; (vi) the Funds’ overall fees and operating expenses compared with similar mutual funds; (vii) the level of SIMC’s and the Sub-Advisers’ profitability from their Fund-related operations; (viii) SIMC’s and the Sub-Advisers’ compliance systems; (ix) SIMC’s and the Sub-Advisers’ policies on and compliance procedures for personal securities transactions; (x) SIMC’s and the Sub-Advisers’ reputation, expertise and resources in domestic and/or international financial markets; and (xi) the Funds’ performance compared with similar mutual funds.

At the June 19-20, 2013 and September 10-11, 2013, meetings of the Board of Trustees, the Trustees, including a majority of the Independent Trustees, approved the Investment Advisory Agreements and approved the selection of SIMC and the

SEI Institutional International Trust / Annual Report / September 30, 2013 75

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

Sub-Advisers to act in their respective capacities for the Funds. The Board’s approval was based on its consideration and evaluation of a variety of specific factors discussed at the meeting and at prior meetings, including:

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

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

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

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

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

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

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

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

Profitability. With regard to profitability, the Trustees considered all compensation flowing to SIMC and the Sub-Advisers and their affiliates, directly or indirectly. The Trustees considered whether the varied levels of compensation and profitability under the Investment Advisory Agreements and other service agreements were reasonable and justified in light of the quality of all services rendered to the Funds by SIMC and the Sub-Advisers and their affiliates. The Trustees found that profitability was reasonable. When considering the profitability of the Sub-Advisers, the Board took into account the fact that the Sub-Advisers are compensated by SIMC and not by the Funds directly, and such compensation with respect to any Sub-Adviser reflects an

76 SEI Institutional International Trust / Annual Report / September 30, 2013

arms-length negotiation between the Sub-Adviser and SIMC. Based on this evaluation, the Board concluded that, within the context of its full deliberations, the profitability of each of SIMC and the Sub-Advisers is reasonable and supported renewal of the Investment Advisory Agreements.

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

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

SEI Institutional International Trust / Annual Report / September 30, 2013 77

Notice to Shareholders (Unaudited)

For shareholders that do not have a September 30, 2013 taxable year end, this notice is for informational purposes only. For shareholders with a September 30, 2013 taxable year end, please consult your tax advisor as to the pertinence of this notice.

For the fiscal year ended September 30, 2013 the Funds of the SEI Institutional International Trust are designating the following items with regard to distributions paid during the year:

Fund	(A) Return of Capital			(B) Long-Term Capital Gain Distributions (Tax Basis)			(C) Ordinary Income Distributions (Tax Basis)			(D) Total			(E) Dividends Received Deductions (1)			(F) Qualifying Dividend Income (15% Tax Rate for QDI) (2)			(G) U.S. Government Interest (3)			(H) Interest Related Dividends (4)			(I) Short-Term Capital  Gain Dividends (5)
International Equity		0.00	%		0.00	%		100.00	%		100.00	%		0.00	%		100.00	%		0.00	%		0.00	%		0.00	%
Emerging Markets Equity		0.00	%		0.00	%		100.00	%		100.00	%		0.00	%		100.00	%		0.00	%		0.00	%		0.00	%
International Fixed Income		18.35	%		0.00	%		81.65	%		100.00	%		0.00	%		0.00	%		0.17	%		0.68	%		0.00	%
Emerging Markets Debt		0.00	%		32.00	%		68.00	%		100.00	%		0.00	%		0.00	%		0.00	%		0.00	%		100.00	%

The Funds intend to pass through foreign tax credit to shareholders. For the fiscal year ended September 30, 2013, the amount of foreign source income and foreign tax credit are as follows:

Fund	Foreign Source Income		Foreign Tax Credit Pass Through
International Equity	$	33,414,106	$	2,304,151
Emerging Markets Equity		8,652,474		2,495,126

(1) “Dividends Received Deduction” represent dividends which qualify for the corporate dividends received deduction.

(2) “Qualifying Dividend Income” represent qualifying dividends as created by the Jobs and Growth Tax Relief Reconciliation Act of 2003. It is the intention of the Fund to designate the max amount permitted by law.

(3) “U.S. Government Interest” represent the amount of interest that was derived from direct U.S. Government obligations and distributed during the fiscal year. Generally, interest from direct U.S. Government obligations is exempt from state income tax. However, for shareholders who are residents of California, Connecticut or New York, the statutory threshold requirements were not satisfied to permit exemption of these amounts from state income.

(4) “Interest Related Dividends” represent qualifying interest that is exempt from U.S. withholding tax when paid to foreign investors as created by the American Jobs Creation Act of 2004.

(5) “Short-Term Capital Gain Dividends” represent qualifying short-term capital gain that is exempt from U.S. withholding tax when paid to foreign investors as created by the American Jobs Creation Act of 2004.

Items (A), (B), (C) and (D) are based on the percentage of each fund’s total distribution.

Items (E) and (F) are based on the percentage of “Ordinary Income Distributions.”

Item (G) is based on the percentage of gross income of each Fund.

Item (H) is based on the percentage of net investment income distributions.

Item (I) is based on the percentage of short-term capital gains distributions.

Please consult your tax adviser for proper treatment of this information. This notification should be kept with your permanent tax records.

78 SEI Institutional International Trust / Annual Report / September 30, 2013

SEI INSTITUTIONAL INTERNATIONAL TRUST ANNUAL REPORT SEPTEMBER 30, 2013

Robert A. Nesher, Chairman

Trustees

William M. Doran

George J. Sullivan, Jr.

Nina Lesavoy

James M. Williams

Mitchell A. Johnson

Hubert L. Harris, Jr.

Officers

Robert A. Nesher

President and Chief Executive Officer

Peter A. Rodriguez

Controller and Chief Financial Officer

Russell Emery

Chief Compliance Officer

Timothy D. Barto

Vice President, Secretary

Aaron Buser

Vice President, Assistant Secretary

David F. McCann

Vice President, Assistant Secretary

Stephen G. MacRae

Vice President

Edward McCusker

Anti-Money Laundering Compliance Officer

Privacy Officer

Investment Adviser

SEI Investments Management Corporation

Administrator

SEI Investments Global Funds Services

Distributor

SEI Investments Distribution Co.

Legal Counsel

Morgan, Lewis & Bockius LLP

Independent Registered Public Accounting Firm

KPMG LLP

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

For more information call

1 800 DIAL SEI

(1 800 342 5734)

SEI-F-018 (9/13)

Item 2. Code of Ethics.

The Registrant has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, comptroller or principal accounting officer, and any person who performs a similar function.

Item 3. Audit Committee Financial Expert.

(a)(1) The Registrant’s Board of Trustees has determined that the Registrant has at least two audit committee financial experts serving on the audit committee.

(a) (2) The audit committee financial experts are George J. Sullivan, Jr. and Hubert L. Harris, Jr. Messrs. Sullivan and Harris are independent as defined in Form N-CSR Item 3 (a) (2).

Item 4. Principal Accountant Fees and Services.

Fees billed by KPMG LLP (“KPMG”) related to the Registrant.

KPMG billed the Registrant aggregate fees for services rendered to the Registrant for the fiscal years 2013 and 2012 as follows:

		Fiscal 2013						Fiscal 2012
		All fees and services to the Registrant that were pre- approved		All fees and services to service affiliates that were pre- approved		All other fees and services to service affiliates that did not require pre-approval		All fees and services to the Registrant that were pre- approved		All fees and services to service affiliates that were pre- approved		All other fees and services to service affiliates that did not require pre-approval
(a)	Audit Fees(1)	$	213,500		N/A	$	0	$	190,100		N/A	$	0
(b)	Audit-Related Fees(3)	$	0	$	0	$	0	$	20,000	$	0	$	0
(c)	Tax Fees(4)	$	0	$	28,000	$	0	$	0	$	5,000	$	0
(d)	All Other Fees(2)	$	0	$	237,000	$	0	$	0	$	236,000	$	0

Notes:

(1) Audit fees include amounts related to the audit of the Registrant’s annual financial statements and services normally provided by the accountant in connection with statutory and regulatory filings.

(2) See Item 4(g) for a description of the services comprising the fees disclosed under this category.

(3) Audit-related fees include amounts related to attestation reporting over compliance with an exemptive order under the federal securities laws.

(4) Tax fees include amounts related to tax compliance and consulting services for various service affiliates of the Registrant.

(e)(1) The Registrant’s Audit Committee has adopted and the Board of Trustees has ratified an Audit and Non-Audit Services Pre-Approval Policy (the “Policy”), which sets forth the procedures and the conditions pursuant to which services proposed to be performed by the independent auditor of the Registrant may be pre-approved.

The Policy provides that all requests or applications for proposed services to be provided by the independent auditor must be submitted to the Registrant’s Chief Financial Officer (“CFO”) and must include a detailed description of the services proposed to be rendered. The CFO will determine whether such services: (1) require specific pre-approval; (2) are included within the list of services that have received the general pre-approval of the Audit Committee pursuant to the Policy; or (3) have been previously pre-approved in connection with the independent auditor’s annual engagement letter for the applicable year or otherwise. In any instance where services require pre-approval, the Audit Committee will consider whether such services are consistent with SEC’s rules and whether the provision of such services would impair the auditor’s independence.

Requests or applications to provide services that require specific pre-approval by the Audit Committee will be submitted to the Audit Committee by the CFO. The Audit Committee will be informed by the CFO on a quarterly basis of all services rendered by the independent auditor. The Audit Committee has delegated specific pre-approval authority to either the Audit Committee Chair or financial experts, provided that the estimated fee for any such proposed pre-approved service does not exceed $100,000 and any pre-approval decisions are reported to the Audit Committee at its next regularly scheduled meeting.

Services that have received the general pre-approval of the Audit Committee are identified and described in the Policy. In addition, the Policy sets forth a maximum fee per engagement with respect to each identified service that has received general pre-approval.

All services to be provided by the independent auditor shall be provided pursuant to a signed written engagement letter with the Registrant, the investment advisor or applicable control affiliate (except that matters as to which an engagement letter would be impractical because of timing issues or because the matter is small may not be the subject of an engagement letter) that sets forth both the services to be provided by the independent auditor and the total fees to be paid to the independent auditor for those services.

In addition, the Audit Committee has determined to take additional measures on an annual basis to meet its responsibility to oversee the work of the independent auditor and to assure the auditor’s independence from the Registrant, such as reviewing a formal written statement from the independent auditor delineating all relationships between the independent auditor and the Registrant, and discussing with the independent auditor its methods and procedures for ensuring independence.

(e)(2) Percentage of fees billed applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows:

	Fiscal 2013			Fiscal 2012
Audit-Related Fees		0	%		0	%
Tax Fees		0	%		0	%
All Other Fees		0	%		0	%

(f) Not Applicable.

(g)(1) The aggregate non-audit fees and services billed by KPMG for the fiscal years 2013 and 2012 were $237,000 and $236,000, respectively. Non-audit fees consist of SSAE No.16 review of fund accounting and administration operations, attestation report in accordance with Rule 17Ad-13, and agreed upon procedures report over certain internal controls related to compliance with federal securities laws and regulations.

(h) During the past fiscal year, Registrant’s principal accountant provided certain non-audit services to Registrant’s investment adviser or to entities controlling, controlled by, or under common control with Registrant’s investment adviser that provide ongoing services to Registrant that were not subject to pre-approval pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X. The Audit Committee of Registrant’s Board of Trustees reviewed and considered these non-audit services provided by Registrant’s principal accountant to Registrant’s affiliates, including whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Schedule of Investments

The Schedules of Investments in securities of unaffiliated issuers as of the close of the reporting period for the International Equity Fund, Emerging Markets Equity Fund, International Fixed Income Fund, and Emerging Markets Debt Fund are included as part of the report to shareholders filed under Item 1 of this form.

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

Not applicable.

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

Not applicable.

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

Not applicable.

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

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

Item 11. Controls and Procedures.

(a) The Registrant’s principal executive 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, 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.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrants internal control over financial reporting.

Items 12. Exhibits.

(a)(1) Code of Ethics attached hereto.

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

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

SIGNATURES

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

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

Date: December 6, 2013

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

By:	/S/     ROBERT A. NESHER
	Robert A. Nesher
	President & CEO

Date: December 6, 2013

By:	/S/     PETER A. RODRIGUEZ
	Peter A. Rodriguez
	Controller & CFO

Date: December 6, 2013

EX-99.CODE

SEI LIQUID ASSET TRUST

SEI TAX EXEMPT TRUST

SEI DAILY INCOME TRUST

SEI INSTITUTIONAL MANAGED TRUST

SEI INSTITUTIONAL INTERNATIONAL TRUST

SEI ASSET ALLOCATION TRUST

SEI INSTITUTIONAL INVESTMENTS TRUST

ADVISER MANAGED TRUST

NEW COVENANT FUNDS

SEI INSURANCE PRODUCTS TRUST

Financial Officer Code of Ethics

1. Introduction

The reputation and integrity of SEI Liquid Asset Trust, SEI Tax Exempt Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Asset Allocation Trust, SEI Institutional Investments Trust, Adviser Managed Trust, New Covenant Funds and SEI Insurance Products Trust (each a “Trust” and, collectively, the “Trusts”) are valuable assets that are vital to the each Trust’s success. The Trusts’ senior financial officers (“SFOs”) are responsible for conducting the Trusts’ business in a manner that demonstrates a commitment to the highest standards of integrity. The Trusts’ SFOs include the principal executive officer, the principal financial officer, comptroller or principal accounting officer, and any person who performs a similar function.

The Sarbanes-Oxley Act of 2002 (the “Act”) effected sweeping corporate disclosure and financial reporting reform on public companies, including mutual funds, to address corporate malfeasance and assure investors that the companies in which they invest are accurately and completely disclosing financial information. Under the Act, all public companies (including the Trusts) must either have a code of ethics for their SFOs, or disclose why they do not. The Act was intended to foster corporate environments which encourage employees to question and report unethical and potentially illegal business practices. Each Trust has chosen to adopt this Financial Officer Code of Ethics (the “Code”) to encourage its SFOs to act in a manner consistent with the highest principles of ethical conduct.

2. Purposes of the Code

The purposes of this Code are:

To promote honest and ethical conduct by each Trust’s SFOs, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

To assist each Trust’s SFOs in recognizing and avoiding conflicts of interest, including disclosing to an appropriate person any material transaction or relationship that reasonably could be expected to give rise to such a conflict;

To promote full, fair, accurate, timely, and understandable disclosure in reports and documents that the Trusts file with, or submit to, the SEC and in other public communications made by the Trusts;

To promote compliance with applicable laws, rules and regulations;

To encourage the prompt internal reporting to an appropriate person of violations of this Code; and

To establish accountability for adherence to this Code.

3. Questions about this Code

Each Trust’s compliance officer designated to oversee compliance with the Trust’s Code of Ethics adopted pursuant to Rule 17j-1 shall serve as Compliance Officer for the implementation and administration of this Code. You should direct your questions about this Code to the Compliance Officer.

4. Conduct Guidelines

Each Trust has adopted the following guidelines under which the Trust’s SFOs must perform their official duties and conduct the business affairs of the Trust.

a) Ethical and honest conduct is of paramount importance. Each Trust’s SFOs must act with honesty and integrity and avoid violations of this Code, including the avoidance of actual or apparent conflicts of interest with the Trust in personal and professional relationships.

b) SFOs must disclose material transactions or relationships. Each Trust’s SFOs must disclose to the Compliance Officer any actual or apparent conflicts of interest the SFO may have with the Trust that reasonably could be expected to give rise to any violations of this Code. Such conflicts of interest may arise as a result of material transactions or business or personal relationships to which the SFO may be a party. If it is not possible to disclose the matter to the Compliance Officer, it should be disclosed to the Trust’s Chief Financial Officer, Chief Executive Officer or another appropriate person. In addition to disclosing any actual or apparent conflicts of interest in which an SFO is personally involved, the Trusts’ SFOs have an obligation to report any other actual or apparent conflicts which they discover or of which they otherwise become aware. If you are unsure whether a particular fact pattern gives rise to a conflict of interest, or whether a particular transaction or relationship is “material,” you should bring the matter to the attention of the Compliance Officer.

c) Standards for quality of information shared with service providers of the Trusts. Each Trust’s SFOs must at all times seek to provide information to the Trust’s service providers (adviser, administrator, outside auditor, outside counsel, custodian, etc.) that is accurate, complete, objective, relevant, timely, and understandable.

d) Standards for quality of information included in periodic reports. Each Trust’s SFOs must at all times endeavor to ensure full, fair, timely, accurate, and understandable disclosure in the Trust’s periodic reports.

e) Compliance with laws. Each Trust’s SFOs must comply with the federal securities laws and other laws and rules applicable to the Trusts, such as the Internal Revenue Code.

f) Standard of care. Each Trust’s SFOs must at all times act in good faith and with due care, competence and diligence, without misrepresenting material facts or allowing your independent judgment to be subordinated. Each Trust’s SFOs must conduct the affairs of the Trust in a responsible manner, consistent with this Code.

g) Confidentiality of information. Each Trust’s SFOs must respect and protect the confidentiality of information acquired in the course of their professional duties, except when authorized by the Trust to disclose it or where disclosure is otherwise legally mandated. You may not use confidential information acquired in the course of your work for personal advantage.

h) Sharing of information and educational standards. Each Trust’s SFOs should share information with relevant parties to keep them informed of the business affairs of the Trust, as appropriate, and maintain skills important and relevant to the Trust’s needs.

i) Promote ethical conduct. Each Trust’s SFOs should at all times proactively promote ethical behavior among peers in your work environment.

j) Standards for recordkeeping. Each Trust’s SFOs must at all times endeavor to ensure that the Trust’s financial books and records are thoroughly and accurately maintained to the best of their knowledge in a manner consistent with applicable laws and this Code.

5. Waivers of this Code

You may request a waiver of a provision of this Code by submitting your request in writing to the Compliance Officer for appropriate review. For example, if a family member works for a service provider that prepares a Trust’s financial statements, you may have a potential conflict of interest in reviewing those statements and should seek a waiver of this Code to review the work. An executive officer of each Trust, or another appropriate person (such as a designated Board or Audit Committee member), will decide whether to grant a waiver. All waivers of this code must be disclosed to the applicable Trust’s shareholders to the extent required by SEC rules.

6. Affirmation of the Code

Upon adoption of the Code, each Trust’s SFOs must affirm in writing that they have received, read and understand the Code, and annually thereafter must affirm that they have complied with the requirements of the Code. To the extent necessary, each Trust’s Compliance Officer will provide guidance on the conduct required by this Code and the manner in which violations or suspected violations must be reported and waivers must be requested.

7. Reporting Violations

In the event that an SFO discovers or, in good faith, suspects a violation of this Code, the SFO must immediately report the violation or suspected violation to the Compliance Officer. The Compliance Officer may, in his discretion, consult with another member of the Trust’s senior management or the Board in determining how to address the suspected violation. For example, a Code violation may occur when a periodic report or financial statement of a Trust omits a material fact, or is technically accurate but, in the view of the SFO, is written in a way that obscures its meaning.

SFOs who report violations or suspected violations in good faith will not be subject to retaliation of any kind. Reported violations will be investigated and addressed promptly and will be treated as confidential to the extent possible.

8. Violations of the Code

Dishonest or unethical conduct or conduct that is illegal will constitute a violation of this Code, regardless of whether this Code specifically refers to such particular conduct. A violation of this Code may result in disciplinary action, up to and including removal as an SFO of the Trust. A variety of laws apply to the Trusts and their operations, including the Securities Act of 1933, the Investment Company Act of 1940, state laws relating to duties owed by Trust officers, and criminal laws. The Trusts will report any suspected criminal violations to the appropriate authorities, and will investigate, address and report, as appropriate, non-criminal violations.

EX-99.CERT

CERTIFICATION

Pursuant to Section 302

of the Sarbanes-Oxley Act of 2002

I, Robert A. Nesher, certify that:

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

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

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

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

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

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

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

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

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

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

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

Date: December 6, 2013

/S/    ROBERT A. NESHER

Robert A. Nesher

President & CEO

CERTIFICATION

Pursuant to Section 302

of the Sarbanes-Oxley Act of 2002

I, Peter A. Rodriguez, certify that:

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

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

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

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

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

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

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

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

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

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

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

Date: December 6, 2013

/S/    PETER A. RODRIGUEZ

Peter A. Rodriguez

Controller & CFO

EX-99.906CERT

CERTIFICATION

Pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

The undersigned, the President and Chief Executive Officer of SEI Institutional International Trust (the “Fund”), with respect to the Fund’s Form N-CSR for the year ended September 30, 2013 as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

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

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

Dated: December 6, 2013

/S/    ROBERT A. NESHER

Robert A. Nesher

President & CEO

CERTIFICATION

Pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

The undersigned, the Controller & CFO of SEI Institutional International Trust (the “Fund”), with respect to the Fund’s Form N-CSR for the year ended September 30, 2013 as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

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

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

Dated: December 6, 2013

/S/    PETER A. RODRIGUEZ

Peter A. Rodriguez

Controller & CFO