N-Q 1 d328767dnq.htm SEI INSTITUTIONAL INTERNATIONAL TRUST SEI Institutional International Trust

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number 811-05601

 

 

SEI Institutional International Trust

(Exact name of registrant as specified in charter)

 

 

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Address of principal executive offices) (Zip code)

 

 

c/o 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, 2017

Date of reporting period: December 31, 2016

 

 

 


Item 1. Schedule of Investments

 


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

International Equity Fund

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

 

COMMON STOCK – 91.0%

 

Argentina – 0.0%

 

Ternium ADR

    23,969         $                  579    
   

 

 

 

Australia – 2.2%

 

AGL Energy

    11,515        184    

Alumina (A)

    384,235        509    

Aristocrat Leisure

    584,325        6,558    

Australian Stock Exchange

    31,909        1,149    

BHP Billiton

    10,196        185    

BlueScope Steel

    77,109        518    

Boral

    26,854        105    

Brambles

    197,681        1,775    

Caltex Australia

    20,574        454    

Challenger

    94,687        771    

CIMIC Group

    16,152        409    

Cochlear

    40,486        3,593    

Commonwealth Bank of Australia

    182,636        10,898    

CSL

    171,746        12,487    

CSR

    362,122        1,211    

Dexus Property Group

    155,424        1,083    

Domino’s Pizza Enterprises

    8,959        422    

Downer EDI

    267,999        1,182    

Fortescue Metals Group

    961,719        4,102    

Insurance Australia Group

    1,358,298        5,891    

Macquarie Group

    12,881        813    

Newcrest Mining

    40,279        591    

Origin Energy

    27,166        130    

OZ Minerals

    295,659        1,689    

Qantas Airways

    1,831,793        4,417    

Ramsay Health Care

    14,032        694    

Rio Tinto

    36,422        1,580    

Scentre Group

    144,456        485    

Seek

    51,921        559    

South32

    3,470,262        6,910    

Transurban Group

    149,486        1,117    

Treasury Wine Estates

    106,696        825    

Vicinity Centres

    97,294        211    

Vocus Communications

    8,759        25    

Whitehaven Coal *

    144,163        272    
   

 

 

 
      73,804    
   

 

 

 

Austria – 0.3%

 

ANDRITZ

    87,765        4,415    

BUWOG *(A)

    5,363        125    

Lenzing

    1,104        134    

OMV

    103,781        3,674    

Raiffeisen International Bank Holding *

    13,451        246    

voestalpine

    12,528        493    
   

 

 

 
      9,087    
   

 

 

 

Belgium – 1.6%

 

Ageas

    414,728        16,452    

AGFA-Gevaert *

    70,231        272    

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

 

COMMON STOCK (continued)

 

Anheuser-Busch InBev

    6,965         $                  739    

Barco

    2,100        177    

Bekaert

    19,586        795    

Colruyt

    11,363        563    

Groupe Bruxelles Lambert

    115,445        9,707    

KBC Group

    208,000        12,907    

Ontex Group (A)

    398,800        11,883    

Umicore

    15,059        860    
   

 

 

 
      54,355    
   

 

 

 

Brazil – 0.4%

 

Ambev ADR

    888,422        4,362    

Embraer *

    1,546,800        7,604    
   

 

 

 
      11,966    
   

 

 

 

Canada – 2.8%

 

Alimentation Couche-Tard, Cl B

    120,800        5,484    

Cameco (A)

    641,748        6,719    

Canadian Imperial Bank of Commerce (A)

    90,300        7,377    

Canadian Natural Resources

    304,116        9,695    

Canadian Pacific Railway

    69,623        9,940    

CGI Group, Cl A *

    1,900        91    

Cogeco Communications

    10,970        542    

Constellation Software

    15,500        7,052    

Encana

    556,149        6,536    

Enerflex

    21,000        267    

Entertainment One

    106,941        304    

Gildan Activewear

    316,500        8,046    

High Liner Foods

    9,000        134    

Home Capital Group, Cl B (A)

    131,700        3,078    

Leon’s Furniture

    1,656        22    

Lucara Diamond

    63,300        144    

Magna International, Cl A

    89,100        3,873    

Manulife Financial

    104,500        1,863    

Peyto Exploration & Development

    131,600        3,259    

Rocky Mountain Dealerships

    5,800        42    

Rogers Sugar

    30,600        155    

Royal Bank of Canada (A)

    101,900        6,905    

Suncor Energy

    162,195        5,310    

Teck Resources, Cl B

    15,700        315    

TFI International

    11,200        291    

Toronto-Dominion Bank

    73,600        3,634    

Wajax

    4,287        74    
   

 

 

 
      91,152    
   

 

 

 

China – 1.1%

 

Alibaba Group Holding ADR *

    55,600        4,882    

Baidu ADR *

    89,700        14,747    

Ctrip.com International ADR *(A)

    136,124        5,445    

STMicroelectronics (A)

    410,888        4,670    

Tencent Holdings

    319,200        7,810    
   

 

 

 
      37,554    
   

 

 

 
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    1


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Equity Fund (Continued)

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

 

COMMON STOCK (continued)

 

Denmark – 1.6%

 

Chr Hansen Holding

    104,784         $                5,813    

Coloplast, Cl B

    105,057        7,098    

DSV

    4,851        216    

Genmab *

    9,015        1,500    

H Lundbeck *

    44,519        1,814    

ISS (A)

    384,179        12,992    

Nets *(B)

    220,330        3,863    

Novozymes, Cl B

    161,567        5,581    

Pandora

    30,678        4,021    

Scandinavian Tobacco Group (B)

    344,556        5,812    

Tryg

    7,193        130    

Vestas Wind Systems

    42,479        2,766    

William Demant Holding *

    7,715        135    
   

 

 

 
      51,741    
   

 

 

 

Finland – 0.8%

 

Cargotec, Cl B (A)

    21,614        978    

Elisa, Cl A

    4,244        138    

Fortum

    64,738        995    

Kone, Cl B

    11,751        528    

Lemminkainen

    1,680        36    

Metso

    14,754        422    

Neste

    185,231        7,131    

Nokia

    578,023        2,797    

Orion, Cl B

    61,183        2,729    

Outokumpu *(A)

    175,763        1,577    

Sampo, Cl A

    24,855        1,117    

Stora Enso, Cl R

    410,740        4,423    

UPM-Kymmene

    186,167        4,583    

Valmet

    15,219        224    
   

 

 

 
      27,678    
   

 

 

 

France – 8.9%

 

ABC arbitrage

    16,852        128    

Air Liquide

    36,137        4,027    

Alstom *

    56,511        1,560    

Arkema (A)

    78,611        7,706    

Atos

    41,021        4,338    

BNP Paribas

    233,153        14,890    

Boiron

    1,900        169    

Carrefour

    608,022        14,680    

Christian Dior

    9,455        1,987    

Cie de St.-Gobain

    13,157        614    

Cie Generale des Etablissements-Michelin, Cl B

    1,337        149    

CNP Assurances

    46,719        867    

Dassault Systemes

    5,809        444    

Edenred

    13,081        260    

Eiffage

    8,576        599    

Elior Group (B)

    127,300        2,916    

Engie

    1,214,901        15,531    

Essilor International

    66,354        7,513    

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

 

COMMON STOCK (continued)

 

Euler Hermes Group

    11,200         $                  986    

Eurofins Scientific

    26,372        11,265    

Fonciere Des Regions

    1,665        146    

Gecina

    5,436        754    

Hermes International

    14,363        5,908    

Ipsen (A)

    30,854        2,236    

IPSOS

    114,254        3,597    

Kering

    795        179    

Legrand

    44,109        2,510    

Les Nouveaux Constructeurs

    2,295        96    

L’Oreal

    4,919        900    

LVMH Moet Hennessy Louis Vuitton

    38,927        7,448    

Natixis

    44,184        250    

Nexans *

    24,539        1,274    

Nexity *

    18,692        877    

Nokia

    2,157,255        10,389    

Orange

    878,654        13,378    

Pernod Ricard (A)

    43,100        4,680    

Peugeot *

    391,712        6,402    

Publicis Groupe (A)

    178,703        12,355    

Remy Cointreau

    3,259        279    

Renault

    765        68    

Rexel

    170,169        2,806    

Sanofi

    334,605        27,140    

Schneider Electric

    313,055        21,829    

Societe Generale

    133,440        6,579    

Sodexo

    42,982        4,951    

SPIE (A)

    195,415        4,125    

Technip

    15,697        1,123    

Thales

    112,694        10,951    

Total

    761,128        39,112    

UBISOFT Entertainment *

    6,237        222    

Valeo

    148,573        8,558    

Vetoquinol

    569        27    

Vinci

    23,770        1,622    
   

 

 

 
      293,400    
   

 

 

 

Germany – 5.3%

 

Adidas

    62,224        9,855    

Allianz

    55,255        9,150    

AURELIUS Equity Opportunities & KGaA

    16,352        959    

BASF

    119,033        11,087    

Brenntag

    68,497        3,815    

Continental

    31,041        6,014    

Covestro (B)

    11,676        803    

CTS Eventim & KGaA

    55,900        1,766    

Deutsche Bank *

    165,055        3,003    

Deutsche Boerse *

    106,817        8,615    

Deutsche Lufthansa

    303,231        3,924    

Deutsche Wohnen

    46,576        1,466    

Evonik Industries

    50,860        1,522    

Fresenius

    15,868        1,243    
 

 

 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Equity Fund (Continued)

 

 

 
Description    Shares     

Market Value

($ Thousands)

 

 

 

 

COMMON STOCK (continued)

 

GEA Group

     58,690          $                2,367    

Gerresheimer

     53,604         3,993    

Hannover Rueck

     44,585         4,834    

HeidelbergCement

     20,296         1,897    

Hella KGaA Hueck

     137,473         5,198    

Henkel

     4,200         439    

Hochtief

     52,812         7,411    

Indus Holding

     58,792         3,202    

Infineon Technologies

     106,228         1,850    

Kloeckner *

     76,510         961    

Koenig & Bauer *

     7,283         328    

LANXESS

     19,359         1,273    

Linde

     45,240         7,449    

Merck

     44,388         4,642    

OSRAM Licht

     26,953         1,416    

RWE *

     14,119         176    

SAP

     403,745         35,265    

SAP ADR (A)

     91,000         7,865    

Siemens

     112,747         13,890    

STADA Arzneimittel

     7,027         365    

Suedzucker

     26,401         632    

Symrise

     13,218         806    

Talanx

     110,713         3,710    

ThyssenKrupp

     8,054         192    

TUI

     149,589         2,101    

Volkswagen

     896         129    

Vonovia

     4,152         135    
     

 

 

 
        175,748    
     

 

 

 

Hong Kong – 2.2%

 

AIA Group

     2,548,246         14,379    

Bank of East Asia

     69,000         264    

BOC Hong Kong Holdings

     147,000         526    

Chaoda Modern Agriculture *

     2,440,000         73    

China Merchants Holdings International

     1,443,338         3,582    

China Mobile

     1,662,740         17,629    

CLP Holdings

     151,500         1,392    

CNOOC

     9,245,000         11,567    

Galaxy Entertainment Group *

     458,000         1,997    

Henderson Land Development

     978,938         5,208    

HK Electric Investments & HK Electric Investments (B)

     399,500         330    

HKT Trust & HKT

     375,000         460    

Hysan Development

     114,000         471    

IMAX China Holding *(A)(B)

     751,058         3,681    

Link

     59,500         387    

MTR

     217,500         1,058    

New World Development

     698,000         738    

Power Assets Holdings

     20,500         181    

Samsonite International

     1,237,800         3,536    

Shenwan Hongyuan HK

     175,000         76    

Techtronic Industries

     656,800         2,355    

 

 
Description    Shares     

Market Value

($ Thousands)

 

 

 

 

COMMON STOCK (continued)

 

Wharf Holdings

     66,000          $                  439    

Wheelock

     111,000         625    

Yue Yuen Industrial Holdings

     34,000         123    
     

 

 

 
        71,077    
     

 

 

 

India – 0.2%

 

HDFC Bank ADR

     91,183         5,533    
     

 

 

 

Indonesia – 0.0%

 

Telekomunikasi Indonesia Persero

     1,858,000         549    
     

 

 

 

Ireland – 0.4%

 

CRH

     63,797         2,218    

Experian (A)

     489,894         9,528    
     

 

 

 
        11,746    
     

 

 

 

Israel – 1.4%

 

Bank Hapoalim

     344,272         2,052    

Bank Leumi Le-Israel *

     261,598         1,080    

Bezeq Israeli Telecommunication

     2,509,200         4,774    

Check Point Software Technologies *(A)

     79,600         6,723    

Frutarom Industries

     173,000         8,863    

Teva Pharmaceutical Industries ADR

     660,779         23,953    
     

 

 

 
        47,445    
     

 

 

 

Italy – 1.9%

 

Atlantia

     15,092         354    

Azimut Holding

     204,755         3,425    

Brembo

     138,438         8,396    

Buzzi Unicem

     329,912         7,833    

Enel

     102,309         452    

EXOR

     75,024         3,243    

Fiat Chrysler Automobiles *

     1,287,502         11,767    

Luxottica Group

     95,475         5,146    

Prysmian

     48,864         1,258    

Recordati

     124,973         3,548    

Saras (A)

     692,920         1,257    

Tenaris

     971,909         17,396    

Terna Rete Elettrica Nazionale

     24,107         111    
     

 

 

 
        64,186    
     

 

 

 

Japan – 17.2%

 

77 Bank

     161,000         779    

Adastria

     56,400         1,465    

Air Water

     24,500         443    

Alfresa Holdings

     18,800         312    

Amada Holdings

     47,800         535    

Arcland Sakamoto

     33,400         389    

Asahi Breweries

     125,000         3,955    

Asahi Glass

     821,000         5,603    

Asahi Kasei

     80,000         699    

ASKUL (A)

     149,445         5,125    

Bandai Namco Holdings

     40,800         1,128    

Brother Industries

     38,800         702    

Calsonic Kansei

     50,000         767    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    3


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Equity Fund (Continued)

 

 

 
Description    Shares     

Market Value

($ Thousands)

 

 

 

 

COMMON STOCK (continued)

 

Canon Marketing Japan

     90,800          $                1,531    

Central Japan Railway

     24,000         3,957    

Coca-Cola West

     12,800         378    

Dai Nippon Printing

     925,000         9,160    

Daiichi Sankyo

     72,500         1,487    

Daikin Industries

     76,500         7,041    

Daikyo

     926,000         1,858    

Daito Trust Construction

     51,900         7,823    

Daiwa House Industry

     165,400         4,532    

Daiwa House REIT Investment

     179         454    

Daiwa Securities Group

     89,000         550    

Don Quijote Holdings

     94,796         3,515    

East Japan Railway

     202,600         17,544    

Fanuc

     1,300         221    

Fuji Film Holdings

     603,171         22,935    

Fuji Heavy Industries

     5,500         225    

Fujitsu

     854,000         4,756    

Fujitsu General

     170,000         3,606    

Furukawa Electric

     97,200         2,850    

Geo Holdings

     20,000         234    

Goldcrest

     4,400         79    

Gunma Bank

     34,200         188    

Hamamatsu Photonics

     21,300         562    

Hino Motors

     11,900         121    

Hirose Electric

     2,200         273    

Hisamitsu Pharmaceutical

     9,200         461    

Hitachi

     2,916,000         15,801    

Hitachi Chemical

     17,100         429    

Hitachi Construction Machinery

     17,700         384    

Hitachi High-Technologies

     9,800         396    

Hitachi Metals

     30,500         414    

Hoshizaki

     7,500         595    

Idemitsu Kosan

     14,400         383    

IHI *

     164,000         427    

Isuzu Motors

     45,000         571    

Itochu

     36,400         484    

Japan Airlines *

     515,300         15,088    

Japan Prime Realty Investment, Cl A 

     108         426    

Japan Real Estate Investment, Cl A 

     49         268    

Japan Retail Fund Investment, Cl A 

     186         377    

Japan Tobacco

     618,844         20,396    

JGC

     31,000         565    

Kadokawa Dwango

     12,500         181    

Kansai Paint

     330,800         6,106    

KDDI

     601,400         15,260    

Keyence

     26,000         17,878    

Koito Manufacturing

     241,610         12,823    

Komatsu

     457,600         10,387    

Konami Holdings

     120,400         4,872    

Kose

     20,700         1,723    

Kuraray

     42,100         634    

Kyocera

     2,900         145    

 

 
Description    Shares     

Market Value

($ Thousands)

 

 

 

 

COMMON STOCK (continued)

 

Lion

     120,000          $                1,975    

M3 *

     23,600         596    

Mabuchi Motor

     225,100         11,773    

Maeda Road Construction

     24,000         402    

Makita

     15,500         1,041    

Maruichi Steel Tube

     8,900         290    

McDonald’s Holdings Japan

     5,200         136    

MEIJI Holdings

     10,600         832    

Mitsubishi

     10,900         233    

Mitsubishi Chemical Holdings

     292,700         1,902    

Mitsubishi Electric

     73,800         1,031    

Mitsubishi Gas Chemical

     29,800         510    

Mitsui Chemicals

     222,000         999    

Mitsui OSK Lines

     49,000         136    

Mixi

     64,900         2,376    

Mochida Pharmaceutical

     6,000         417    

Morinaga Milk Industry

     39,000         282    

MS&AD Insurance Group Holdings

     532,000         16,530    

Musashi

     1,900         25    

Nabtesco

     108,400         2,527    

Nagoya Railroad

     52,000         252    

Nidec

     10,100         873    

Nikon (A)

     475,700         7,411    

Nippon Building Fund, Cl A 

     149         827    

Nippon Care Supply

     3,600         37    

Nippon Electric Glass

     65,000         352    

Nippon Paint Holdings

     26,200         715    

Nippon Prologis 

     244         500    

Nippon Telegraph & Telephone

     56,700         2,388    

Nippon Telegraph & Telephone ADR

     354,438         14,911    

Nitori Holdings

     10,500         1,203    

Nomura Real Estate Master Fund 

     571         866    

North Pacific Bank

     144,500         597    

NTT Data

     42,100         2,039    

NTT DOCOMO

     502,994         11,484    

Oenon Holdings

     44,000         98    

Okasan Securities Group *

     19,000         118    

Omron

     5,700         219    

Ono Pharmaceutical

     27,500         603    

ORIX

     7,800         122    

Otsuka Holdings

     118,700         5,183    

Panasonic

     2,060,800         21,017    

Park24

     13,500         367    

Pigeon

     276,564         7,087    

Pioneer *

     164,700         333    

Pola Orbis Holdings

     1,500         124    

Rohm

     154,700         8,926    

Saizeriya

     46,400         1,045    

Santen Pharmaceutical

     333,800         4,093    

Sawada Holdings *

     7,300         59    

SBI Holdings

     31,900         407    

Secom

     6,900         506    
 

 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Equity Fund (Continued)

 

 

 
Description    Shares     

Market Value

($ Thousands)

 

 

 

 

COMMON STOCK (continued)

 

Sega Sammy Holdings

     109,400         $                1,631    

Seiko Epson

     16,900        359    

Sekisui Chemical

     57,500        919    

Sekisui House

     479,100        7,991    

Senko

     38,200        258    

Seven & I Holdings

     219,400        8,376    

Shimano

     4,900        770    

Shinmaywa Industries

     8,000        72    

Shionogi

     129,700        6,226    

SMC

     20,900        5,000    

Sony

     44,700        1,255    

ST

     4,700        61    

Stanley Electric

     24,700        677    

Start Today

     25,200        436    

Sumitomo

     21,500        254    

Sumitomo Chemical

     8,000        38    

Sumitomo Dainippon Pharma

     23,600        407    

Sumitomo Heavy Industries

     49,000        316    

Sumitomo Mitsui Financial Group

     443,700        16,967    

Sumitomo Mitsui Trust Holdings

     354,122        12,700    

Sumitomo Rubber Industries

     24,600        391    

Sundrug

     64,500        4,474    

Suruga Bank

     24,900        557    

Suzuki Motor

     294,000        10,370    

Sysmex

     94,300        5,474    

Taiheiyo Cement

     156,000        495    

Taisei

     39,000        274    

Taisho Pharmaceutical Holdings

     5,700        474    

Teijin

     110,400        2,242    

Temp Holdings

     602,522        9,366    

Terumo

     41,100        1,521    

THK

     19,000        421    

TIS

     53,400        1,145    

Tochigi Bank

     65,000        320    

Toho Gas

     63,000        514    

Tokio Marine Holdings

     318,100        13,080    

Tokyo Dome

     6,800        67    

Tokyo Electric Power Holdings *

     400,300        1,620    

Tokyo Electron

     22,300        2,112    

Tokyo Gas

     178,000        807    

Toppan Printing

     47,000        450    

Topre

     271,800        6,819    

Toridoll.corp

     13,100        283    

Toshiba *

     266,000        646    

Tosoh

     145,000        1,028    

TOTO (A)

     19,700        781    

Toyota Motor

     118,100        6,964    

Toyota Motor ADR

     135,633        15,896    

Tsuruha Holdings

     113,452        10,797    

Ube Industries

     2,153,000        4,523    

United Urban Investment 

     235        358    

Wacoal Holdings

     837,704        9,789    

 

 
Description    Shares     

Market Value

($ Thousands)

 

 

 

 

COMMON STOCK (continued)

 

Warabeya Nichiyo

     13,300         $                  282    

Yamaha

     26,200        802    

Yamaha Motor

     5,500        121    

Yamazaki Baking

     116,100        2,248    

Yaskawa Electric

     35,300        550    

Yokogawa Electric

     31,500        457    

Yokohama Rubber

     8,200        147    

Zenkoku Hosho

     13,100        422    
     

 

 

 
        567,831    
     

 

 

 

Luxembourg – 0.1%

 

APERAM *

     61,933        2,839    
     

 

 

 

Malaysia – 0.1%

 

Tenaga Nasional

     522,600        1,619    
     

 

 

 

Malta – 0.0%

 

BGP Holdings *

     198,683        –    
     

 

 

 

Mexico – 0.1%

 

Cemex ADR *

     30,283        243    

Wal-Mart de Mexico

     1,390,000        2,503    
     

 

 

 
        2,746    
     

 

 

 

Netherlands – 7.0%

 

ABN AMRO Group (B)

     227,063        5,041    

Aegon

     220,929        1,218    

AerCap Holdings *

     110,900        4,615    

Akzo Nobel (A)

     287,583        18,015    

Altice *

     11,962        238    

ArcelorMittal *(A)

     831,911        6,156    

ASML Holding

     202,846        22,818    

Heineken

     37,775        2,839    

Heineken Holding

     43,524        3,036    

ING Groep

     1,516,759        21,389    

James Hardie Industries

     48,950        779    

Koninklijke Ahold Delhaize

     1,022,496        21,602    

Koninklijke DSM

     240,018        14,420    

Koninklijke Philips

     187,576        5,737    

NN Group

     2,879        98    

NXP Semiconductors *

     52,300        5,126    

PostNL *

     609,597        2,631    

Refresco Group (B)

     479,586        7,299    

RELX

     306,268        5,165    

Royal Dutch Shell, Cl A

     494,617        13,556    

Royal Dutch Shell, Cl B

     1,267,964        36,882    

Royal Dutch Shell ADR, Cl B (A)

     241,852        14,020    

Unilever

     153,297        6,325    

Wolters Kluwer

     336,654        12,222    
     

 

 

 
        231,227    
     

 

 

 

New Zealand – 0.2%

 

Air New Zealand

     576,315        882    

Fisher & Paykel Healthcare

     56,167        334    

Fletcher Building

     103,159        762    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    5


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Equity Fund (Continued)

 

 

 
Description    Shares     

Market Value

($ Thousands)

 

 

 

 

COMMON STOCK (continued)

 

Meridian Energy

     151,083         $                  274    

SKYCITY Entertainment Group

     1,445,000        3,960    
     

 

 

 
        6,212    
     

 

 

 

Norway – 1.1%

 

Aker Solutions *

     914,183        4,394    

DNB ASA

     13,349        199    

Gjensidige Forsikring

     29,721        473    

Grieg Seafood (A)

     343,632        3,262    

Leroy Seafood Group (A)

     53,504        2,990    

Marine Harvest

     153,010        2,768    

Norsk Hydro (A)

     737,188        3,537    

Odfjell Drilling *

     46,862        94    

Orkla

     75,517        686    

Salmar

     24,034        721    

SpareBank 1 SMN

     403,540        3,035    

Statoil

     292,531        5,383    

Telenor (A)

     591,780        8,869    
     

 

 

 
        36,411    
     

 

 

 

Poland – 0.0%

 

Emperia Holding *

     4,811        75    

Polski Koncern Naftowy Orlen

     13,890        284    
     

 

 

 
        359    
     

 

 

 

Portugal – 0.5%

 

Galp Energia, Cl B

     1,026,998        15,371    

Jeronimo Martins

     37,502        583    
     

 

 

 
        15,954    
     

 

 

 

Russia – 0.4%

 

Yandex, Cl A *

     633,777        12,758    
     

 

 

 

Singapore – 0.7%

 

CapitaLand

     222,400        465    

CapitaLand Commercial Trust 

     306,100        314    

City Developments

     1,741,200        9,979    

ComfortDelgro

     71,400        122    

DBS Group Holdings

     366,800        4,403    

Jardine Cycle & Carriage

     14,800        422    

Oversea-Chinese Banking

     1,131,700        6,987    

Singapore Airlines

     133,700        895    

Singapore Exchange

     24,600        122    

Singapore Technologies Engineering

     63,100        141    

Suntec Real Estate Investment Trust 

     345,700        395    

Wilmar International

     46,200        115    
     

 

 

 
        24,360    
     

 

 

 

South Africa – 0.3%

 

FirstRand

     81,890        318    

Investec (A)

     554,198        3,674    

Liberty Holdings

     47,052        382    

Sappi

     124,207        817    

Shoprite Holdings

     346,681        4,347    
     

 

 

 
        9,538    
     

 

 

 

 

 
Description    Shares     

Market Value

($ Thousands)

 

 

 

 

COMMON STOCK (continued)

 

South Korea – 2.8%

 

Cosmax (A)

     83,723         $                8,298    

KT ADR

     323,682        4,561    

KT&G

     32,014        2,679    

LG Display ADR

     309,560        3,978    

Samsung Electronics

     19,899        29,710    

Shinhan Financial Group

     348,000        13,032    

SK Hynix

     7,965        295    

SK Innovation

     4,098        497    

SK Telecom

     72,765        13,492    

SK Telecom ADR

     697,686        14,581    
     

 

 

 
        91,123    
     

 

 

 

Spain – 1.7%

 

ACS Actividades de Construccion y Servicios

     194,170        6,148    

Aena (B)

     9,106        1,245    

Almirall

     69,060        1,075    

Amadeus IT Holding, Cl A

     34,734        1,582    

Banco Bilbao Vizcaya Argentaria

     275,833        1,866    

Banco Santander

     209,974        1,098    

Bankinter

     85,550        664    

CaixaBank

     2,856,576        9,461    

Enagas

     721        18    

Endesa

     70,706        1,501    

Ferrovial

     19,366        347    

Grifols ADR

     826,106        13,276    

Iberdrola

     424,823        2,793    

Industria de Diseno Textil

     133,427        4,564    

Mapfre

     2,528,192        7,733    

Prosegur Cia de Seguridad

     45,075        283    

Red Electrica

     38,420        727    

Repsol

     60,767        860    
     

 

 

 
        55,241    
     

 

 

 

Sweden – 1.3%

 

Alfa Laval

     347,500        5,768    

Assa Abloy, Cl B

     32,165        599    

BillerudKorsnas

     26,524        447    

Boliden

     95,839        2,510    

Bonava, Cl B *

     39,765        618    

Electrolux, Cl B

     215,288        5,363    

Granges

     59,798        566    

Hufvudstaden, Cl A

     38,081        603    

Husqvarna, Cl B

     96,152        750    

Investor, Cl B

     66,135        2,479    

Lundin Petroleum *

     8,430        184    

Mycronic

     29,296        316    

NCC, Cl B

     39,765        987    

Nordea Bank

     501,463        5,592    

Oriflame Holding *

     45,043        1,364    

Peab

     75,334        599    

Sandvik

     114,401        1,419    

Securitas, Cl B

     39,484        623    
 

 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Equity Fund (Continued)

 

 

 
Description    Shares     

Market Value

($ Thousands)

 

 

 

 

COMMON STOCK (continued)

 

Skanska, Cl B

     55,947        $              1,325    

Svenska Cellulosa, Cl B

     104,808        2,968    

Swedish Match

     2,033        65    

Telefonaktiebolaget LM Ericsson ADR

     1,388,012        8,092    

Volvo, Cl B

     22,155        259    
     

 

 

 
        43,496    
     

 

 

 

Switzerland – 8.5%

 

ABB

     830,009        17,542    

Actelion

     24,624        5,342    

Adecco Group

     138,019        9,051    

Aryzta

     192,148        8,479    

Cie Financiere Richemont

     223,803        14,853    

Coca-Cola HBC

     629,253        13,762    

Dufry *

     107,000        13,370    

Emmi

     1,144        694    

EMS-Chemie Holding

     1,356        690    

Galenica

     2,379        2,690    

Geberit

     4,349        1,747    

Givaudan

     4,776        8,769    

Julius Baer Group

     376,377        16,750    

Lonza Group

     48,950        8,491    

Nestle

     181,053        13,013    

Novartis

     490,144        35,735    

Pargesa Holding

     5,201        339    

Partners Group Holding

     12,532        5,885    

Roche Holding

     136,392        31,214    

Schindler Holding

     11,553        2,036    

SGS

     6,892        14,051    

Sika

     356        1,714    

Sonova Holding

     30,530        3,707    

Swiss Life Holding

     23,195        6,577    

Swiss Prime Site

     6,615        543    

Swiss Re

     56,602        5,374    

Tecan Group

     3,617        566    

UBS Group *(A)

     1,563,691        24,516    

Wolseley

     13,737        842    

Zurich Insurance Group

     44,510        12,280    
     

 

 

 
        280,622    
     

 

 

 

Taiwan – 0.4%

 

Hon Hai Precision Industry

     2,120,765        5,541    

Taiwan Semiconductor Manufacturing ADR

     291,168        8,371    

United Microelectronics ADR (A)

     208,687        365    
     

 

 

 
        14,277    
     

 

 

 

Turkey – 0.1%

 

Tupras Turkiye Petrol Rafinerileri

     47,600        957    

Turkiye Garanti Bankasi

     371,709        805    

Turkiye Is Bankasi, Cl C

     286,373        422    

Turkiye Vakiflar Bankasi Tao, Cl D (A)

     758,569        938    
     

 

 

 
        3,122    
     

 

 

 

 

 
Description    Shares     

Market Value

($ Thousands)

 

 

 

 

COMMON STOCK (continued)

 

United Kingdom – 13.7%

 

3i Group

     360,582        $              3,137    

Abcam

     25,880        245    

Aberdeen Asset Management

     152,802        486    

Admiral Group

     31,613        714    

Anglo American *

     83,002        1,190    

Aon

     64,800        7,227    

Ashtead Group (A)

     419,853        8,197    

Associated British Foods (A)

     106,122        3,600    

AstraZeneca

     116,363        6,380    

Aviva

     2,887,450        17,354    

Babcock International Group

     30,161        355    

BAE Systems (A)

     92,366        675    

Balfour Beatty (A)

     1,679,004        5,579    

Bank of Ireland *

     40,985,000        10,159    

Barclays

     6,558,094        18,107    

Berendsen

     87,311        939    

BHP Billiton

     28,830        465    

BP

     687,112        4,327    

BP ADR

     170,014        6,355    

British American Tobacco

     377,689        21,568    

Bunzl

     266,543        6,946    

Carnival

     499,578        25,464    

Cobham (A)

     1,908,343        3,860    

Compass Group (A)

     960,424        17,813    

Croda International

     2,963        117    

DCC

     51,355        3,833    

Diageo

     263,486        6,870    

Direct Line Insurance Group

     52,054        238    

Domino’s Pizza Group (A)

     730,146        3,255    

DS Smith

     2,620,293        13,213    

Fresnillo

     33,094        499    

Genus

     21,832        484    

GKN

     95,952        393    

GlaxoSmithKline

     874,451        16,878    

Glencore *

     520,382        1,783    

Greggs

     31,234        374    

Howden Joinery Group

     825,825        3,916    

HSBC Holdings (A)

     2,448,196        19,872    

Imperial Brands

     44,024        1,927    

Imperial Brands ADR

     12,508        545    

Inchcape

     57,618        500    

Indivior

     326,107        1,194    

Intertek Group

     25,597        1,101    

JD Sports Fashion

     95,690        376    

Johnson Matthey

     24,052        946    

Legal & General Group

     868,369        2,657    

Lloyds Banking Group

     22,761,896        17,581    

Mediclinic International (A)

     8,036        77    

Merlin Entertainments (A)(B)

     2,271,700        12,592    

Mitie Group (A)

     1,662,416        4,610    

Mondi

     161,841        3,332    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    7


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Equity Fund (Continued)

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

 

COMMON STOCK (continued)

   

National Grid

    138,172       $              1,625    

Persimmon

    50,750       1,114    

Petrofac (A)

    12,393       133    

Prudential

    1,090,509       21,930    

QinetiQ Group

    319,745       1,038    

Randgold Resources (A)

    1,218       97    

Reckitt Benckiser Group

    152,973       13,016    

RELX

    525,779       9,414    

Rentokil Initial

    3,685,966       10,120    

Royal Bank of Scotland Group *(A)

    5,409,999       15,014    

RSA Insurance Group

    20,015       145    

Sage Group

    107,425       869    

Schroders (A)

    85,554       3,169    

Segro

    69,387       393    

Smiths Group

    54,299       950    

Spectris

    144,984       4,144    

SSE (A)

    496,310       9,524    

SSP Group

    35,012       168    

St. James’s Place (A)

    315,935       3,959    

Subsea 7 *(A)

    171,943       2,183    

TalkTalk Telecom Group (A)

    1,321,525       2,763    

Tate & Lyle

    208,981       1,827    

Tesco *(A)

    4,498,106       11,497    

Travis Perkins (A)

    332,025       5,957    

Unilever

    33,155       1,349    

United Utilities Group (A)

    30,805       343    

Vodafone Group

    8,312,031       20,526    

Weir Group (A)

    21,909       512    

Wm Morrison Supermarkets (A)

    181,888       518    

Worldpay Group (B)

    983,890       3,281    

WPP

    550,422       12,351    
   

 

 

 
      450,234    
   

 

 

 

United States – 3.7%

   

Accenture, Cl A

    88,057       10,314    

Alphabet, Cl C *

    5,237       4,042    

Axis Capital Holdings

    197,039       12,861    

Cable One

    9,064       5,635    

Chubb

    88,612       11,707    

Cognizant Technology Solutions, Cl A *

    158,716       8,893    

Core Laboratories (A)

    70,910       8,512    

EchoStar, Cl A *

    69,575       3,575    

Flextronics International *

    606,717       8,719    

Frontline (A)

    498,505       3,544    

HealthEquity *(A)

    60,066       2,434    

ICON *(A)

    127,879       9,616    

International Game Technology

    188,391       4,808    

Jazz Pharmaceuticals *

    21,267       2,319    

JPMorgan Chase

    30,961       2,672    

Lazard, Cl A

    133,680       5,493    

Luxoft Holding, Cl A *(A)

    108,269       6,085    

Mobileye *

    44,800       1,708    

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

 

COMMON STOCK (continued)

 

 

Nielsen Holdings

    108,600       $              4,556    

TE Connectivity

    53,500       3,706    
   

 

 

 
      121,199    
   

 

 

 

Total Common Stock
(Cost $2,976,524) ($ Thousands)

 

    2,998,768    
   

 

 

 

PREFERRED STOCK – 1.7%

 

 

Brazil – 0.3%

   

Itau Unibanco Holding ADR

    674,617       6,935    

Metalurgica Gerdau, Cl A *

    1,058,100       1,561    
   

 

 

 
      8,496    
   

 

 

 
   

Germany – 1.0%

   

Bayerische Motoren Werke

    7,874       604    

Henkel

    49,636       5,929    

Porsche

    14,321       782    

Volkswagen

    180,463       25,382    
   

 

 

 
      32,697    
   

 

 

 
   

South Korea – 0.4%

   

Hyundai Motor

    82,332       6,510    

Samsung Electronics

    6,339       7,532    
   

 

 

 
      14,042    
   

 

 

 
   

Total Preferred Stock
(Cost $60,133) ($ Thousands)

      55,235    
   

 

 

 
    Number of
Rights
       
 

 

 

   

RIGHTS – 0.0%

   

Spain – 0.0%

   

Repsol *

    60,767         22    
   

 

 

 

Total Rights
(Cost $–) ($ Thousands)

      22    
   

 

 

 
    Shares        
 

 

 

   

AFFILIATED PARTNERSHIP – 8.0%

 

SEI Liquidity Fund, L.P.
0.660% **(C)

    265,088,750           265,088    
   

 

 

 

Total Affiliated Partnership
(Cost $265,090) ($ Thousands)

      265,088    
   

 

 

 
 

 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Equity Fund (Concluded)

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

CASH EQUIVALENT – 4.7%

 

SEI Daily Income Trust, Government Fund, Cl A 0.320%**

    156,271,607         $            156,272    
   

 

 

 

 

Total Cash Equivalent
(Cost $156,272) ($ Thousands)

      156,272    
   

 

 

 

 

Total Investments – 105.4%
(Cost $3,458,019) ($ Thousands) @

      $         3,475,385    
   

 

 

 

A list of the open futures contracts held by the Fund at December 31, 2016, is as follows:

 

 

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

 

 

DJ Euro Stoxx 50 Index

     1,812        Mar-2017        $1,011  

FTSE 100 Index

     418        Mar-2017        812  

Hang Seng Index

     57        Jan-2017        155  

SPI 200 Index

     154        Mar-2017        287  

Topix Index

     343        Mar-2017        800  
        

 

 

 
           $3,065  
        

 

 

 

For the period ended December 31, 2016, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

     Percentages are based on Net Assets of $3,296,560 ($ Thousands).

 

* Non-income producing security.

 

** Rate shown is the 7-day effective yield as of December 31, 2016.

 

  Investment in Affiliated Security.

 

  Real Estate Investment Trust.

 

Expiration date unavailable.

 

(A) This security or a partial position of this security is on loan at December 31, 2016. The total market value of securities on loan at December 31, 2016 was $253,581 ($ Thousands).

 

(B) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On December 31, 2016, the value of these securities amounted to $46,863 ($ Thousands), representing 1.4% of the net assets of the Fund.

 

(C) This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of December 31, 2016 was $265,088 ($ Thousands).

@ At December 31, 2016, the tax basis cost of the Fund’s investments was $3,458,019 ($ Thousands), and the unrealized appreciation and depreciation were $226,154 ($ Thousands) and $(208,788) ($ Thousands), respectively.

ADR — American Depositary Receipt

Cl — Class

DJ — Dow Jones

FTSE — Financial Times and Stock Exchange

L.P. — Limited Partnership

SPI — Share Price Index

 

 

 

The following is a summary of the transactions with affiliates for the period ended December 31, 2016 ($ Thousands):

 

 

Security Description    Value
9/30/2016
   Purchases at
Cost
   Proceeds
from Sales
   Realized Gain
(Loss)
   Change in Unrealized
Appreciation
(Depreciation)
   Value
12/31/2016
   Dividend
Income

 

SEI Liquidity Fund, L.P.

     $ 284,416          $ 334,728           $ (354,054)            $ —                 $ (2)            $ 265,088    $ 458

SEI Daily Income Trust, Government Fund, Class A

         34,929                455,729            (334,386)             —                 —            156,272    64
  

 

  

 

  

 

  

 

  

 

  

 

  

 

Totals

     $ 319,345          $ 790,457          $ (688,440)            $ —                $ (2)            $ 421,360    $ 522
  

 

  

 

  

 

  

 

  

 

  

 

  

 

 

The following is a list of the level of inputs used as of December 31, 2016, 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

     $ 2,998,768         $            –          $            –         $ 2,998,768  

Preferred Stock

     55,235          –          –         55,235    

Rights

     –          22          –         22    

Affiliated Partnership

     –          265,088          –         265,088    

Cash Equivalent

     156,272          –          –         156,272    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Investments in Securities

     $ 3,210,275         $ 265,110          $            –         $ 3,475,385  
  

 

 

    

 

 

    

 

 

    

 

 

 
Other Financial
Instruments
   Level 1      Level 2      Level 3      Total      

 

 

Futures Contracts *

           

Unrealized Appreciation

     $     3,065        $            —        $          —        $    3,065  
  

 

 

    

 

 

    

 

 

    

 

 

 

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

For the period ended December 31, 2016, 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.

For the period ended December 31, 2016, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    9


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

Emerging Markets Equity Fund

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

 

COMMON STOCK – 92.6%

   

Argentina – 0.6%

   

Arcos Dorados Holdings, Cl A *

    240,500        $              1,299    

Cresud SACIF y A ADR *

    53,309        841    

IRSA Inversiones y Representaciones ADR *

    53,700        990    

MercadoLibre

    21,624        3,376    

YPF ADR (A)

    124,249        2,050    
   

 

 

 
      8,556    
   

 

 

 

Austria – 0.1%

   

Erste Group Bank *

    77,052        2,261    
   

 

 

 

Brazil – 6.2%

   

Ambev

    373,000        1,879    

Ambev ADR (A)

    1,228,734        6,033    

B2W Cia Digital *

    1,129,490        3,540    

Banco Bradesco ADR *(A)

    1,113,806        9,701    

Banco do Brasil *

    316,880        2,735    

Banco Santander Brasil ADR (A)

    132,080        1,174    

BB Seguridade Participacoes

    330,200        2,871    

BM&FBovespa *

    143,700        728    

Braskem ADR

    120,510        2,556    

BRF ADR (A)

    140,544        2,074    

BTG Pactual Group *

    52,795        236    

CCR

    602,613        2,955    

Cia Energetica de Minas Gerais ADR (A)

    289,786        661    

Cielo

    286,276        2,453    

Cosan Industria e Comercio

    324,563        3,804    

Cyrela Brazil Realty Empreendimentos e Participacoes

    82,000        259    

Energisa

    288,000        1,644    

Estacio Participacoes

    99,264        482    

FPC Par Corretora de Seguros

    327,100        1,353    

Gerdau ADR

    678,074        2,129    

Hypermarcas

    412,792        3,314    

Kroton Educacional

    514,600        2,108    

Lojas Renner

    329,900        2,349    

Mahle-Metal Leve

    75,100        479    

MRV Engenharia e Participacoes

    566,400        1,904    

Multiplus

    64,600        671    

Petroleo Brasileiro ADR *(A)

    996,414        10,074    

Porto Seguro

    115,100        951    

Qualicorp

    145,700        862    

Rumo Logistica Operadora Multimodal *

    2,774,786        5,235    

Sao Martinho

    129,600        776    

Smiles

    57,800        794    

Sul America

    195,046        1,079    

Telefonica Brasil ADR (A)

    454,406        6,080    

TIM Participacoes ADR

    356,400        4,206    

Ultrapar Participacoes

    63,500        1,335    

Vale ADR, Cl B *(A)

    166,485        1,269    

WEG

    97,600        465    
   

 

 

 
      93,218    
   

 

 

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

 

COMMON STOCK (continued)

 

 

Canada – 0.7%

   

First Quantum Minerals

    594,121        $              5,915    

Gran Tierra Energy *(A)

    501,362        1,518    

Parex Resources *

    168,545        2,124    

SEMAFO*

    388,776        1,281    
   

 

 

 
      10,838    
   

 

 

 

Chile – 0.8%

   

Banco de Chile

    2,946,360        345    

Banco Santander Chile

    19,521,854        1,086    

Centros Comerciales Sudamericanos

    485,718        1,363    

Cia Cervecerias Unidas ADR

    57,991        1,217    

Embotelladora Andina ADR, Cl B

    10,559        237    

Enel Americas ADR (A)

    186,171        1,529    

Enel Generacion Chile

    557,757        368    

SACI Falabella

    376,290        2,977    

Sociedad Quimica y Minera de Chile ADR (A)

    101,633        2,912    
   

 

 

 
      12,034    
   

 

 

 

China – 17.3%

   

AAC Technologies Holdings

    143,633        1,305    

Agile Property Holdings

    910,000        464    

Agricultural Bank of China

    12,764,932        5,236    

Air China

    3,420,000        2,184    

Alibaba Group Holding ADR *(A)

    303,796        26,676    

Angang Steel *(A)

    9,786,722        5,819    

Anhui Conch Cement

    1,202,000        3,271    

ANTA Sports Products

    836,069        2,496    

Baidu ADR *

    104,694        17,213    

Bank of China

    16,027,105        7,111    

Bank of Communications

    585,000        423    

Beijing Capital International Airport

    1,344,000        1,359    

Changyou.com ADR *

    108,600        2,304    

China Communications Services

    3,356,000        2,138    

China Construction Bank

    20,628,379        15,884    

China Life Insurance

    291,000        758    

China Longyuan Power Group

    848,000        663    

China Merchants Bank

    511,576        1,200    

China Petroleum & Chemical

    6,332,839        4,492    

China Railway Construction

    1,209,000        1,556    

China Shenhua Energy

    1,980,623        3,730    

China Telecom

    3,486,000        1,610    

China Vanke

    868,324        1,982    

Chongqing Rural Commercial Bank

    1,244,612        730    

CITIC Securities

    2,288,900        4,653    

Ctrip.com International ADR *(A)

    230,535        9,221    

Datang International Power Generation

    1,490,000        390    

Dongfeng Motor Group

    1,540,000        1,504    

Great Wall Motor *

    2,241,000        2,093    

Guangzhou R&F Properties

    1,821,600        2,204    

Huaneng Power International

    1,170,000        776    

Industrial & Commercial Bank of China

    37,525,868        22,506    

JD.com ADR *(A)

    117,542        2,990    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    1


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Equity Fund (Continued)

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

 

COMMON STOCK (continued)

 

KWG Property Holding

    441,370        $                  250    

Longfor Properties

    716,000        909    

NetEase ADR

    12,044        2,594    

New Oriental Education & Technology Group ADR *

    35,479        1,494    

PetroChina

    606,000        452    

PetroChina ADR

    77,570        5,717    

PICC Property & Casualty

    2,577,800        4,016    

Ping An Insurance Group of China

    2,281,500        11,418    

SINA *

    198,100        12,042    

Sino-Ocean Group Holding

    2,698,000        1,208    

Sinopec Engineering Group

    1,754,000        1,464    

Sinopec Shanghai Petrochemical

    1,334,000        723    

Sinopharm Group

    577,600        2,380    

Sohu.com *(A)

    171,500        5,812    

TAL Education Group ADR *

    31,130        2,184    

Tencent Holdings

    1,479,435        36,198    

Tingyi Cayman Islands Holding

    1,214,000        1,477    

TravelSky Technology

    1,515,000        3,185    

Tsingtao Brewery

    288,000        1,088    

Uni-President China Holdings

    3,953,400        2,789    

Vipshop Holdings ADR *

    156,796        1,726    

Want Want China Holdings

    1,954,000        1,253    

Weibo ADR *(A)

    46,830        1,901    

Weichai Power

    72,710        112    

Xtep International Holdings

    586,000        246    

Zhejiang Expressway

    1,354,000        1,292    

Zijin Mining Group

    892,000        288    
   

 

 

 
          261,159    
   

 

 

 

Colombia – 0.4%

   

Almacenes Exito

    119,859        595    

Bancolombia ADR, Cl R (A)

    70,578        2,589    

Cementos Argos

    226,495        895    

Cemex Latam Holdings *

    254,900        959    

Interconexion Electrica ESP

    132,641        441    
   

 

 

 
      5,479    
   

 

 

 

Czech Republic – 0.3%

   

CEZ

    14,429        242    

Komercni Banka

    68,250        2,358    

Moneta Money Bank *(B)

    547,509        1,770    
   

 

 

 
      4,370    
   

 

 

 

Egypt – 0.1%

   

Commercial International Bank Egypt SAE GDR

    442,131        1,614    
   

 

 

 
   

Greece – 0.3%

   

Eurobank Ergasias *

    2,795,490        1,902    

National Bank of Greece *

    8,609,353        2,252    
   

 

 

 
      4,154    
   

 

 

 

Hong Kong – 7.3%

   

AIA Group

    437,300        2,468    

BAIC Motor (B)

    270,500        241    

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

 

COMMON STOCK (continued)

 

Beijing Enterprises Holdings

    612,700        $              2,896    

Brilliance China Automotive Holdings

    6,083,518        8,380    

Chaoda Modern Agriculture *

    2,056,181        61    

China Cinda Asset Management

    4,306,000        1,561    

China Conch Venture Holdings

    766,500        1,364    

China Everbright

    1,032,000        1,965    

China Everbright Bank

    3,257,000        1,483    

China Everbright International

    3,642,100        4,129    

China High Precision Automation Group *

    1,385,624        –    

China Medical System Holdings

    5,084,200        8,053    

China Mengniu Dairy

    1,358,000        2,617    

China Mobile

    1,406,041        14,907    

China Mobile ADR

    111,540        5,848    

China Overseas Land & Investment

    92,000        244    

China Power International Development

    1,188,000        430    

China Resources Power Holdings

    1,390,000        2,209    

China State Construction International Holdings

    7,134,635        10,675    

China Taiping Insurance Holdings *

    1,031,182        2,128    

CIFI Holdings Group

    1,004,000        271    

CNOOC

    4,259,607        5,329    

Fuyao Glass Industry Group (A)(B)

    634,667        1,969    

Galaxy Entertainment Group *

    772,548        3,368    

Geely Automobile Holdings

    3,558,060        3,401    

Guangzhou Automobile Group

    1,094,000        1,323    

Haier Electronics Group

    1,761,000        2,771    

Hua Hong Semiconductor (B)

    243,500        272    

Lee & Man Paper Manufacturing

    2,468,960        1,917    

People’s Insurance Group of China

    3,687,000        1,455    

Shanghai Industrial Holdings

    1,018,000        2,757    

Shimao Property Holdings

    1,625,000        2,125    

Sino Biopharmaceutical

    1,036,500        730    

Skyworth Digital Holdings

    1,604,000        914    

SMI Holdings Group (A)

    9,480,000        868    

Sun Art Retail Group

    754,500        662    

Sunny Optical Technology Group

    1,184,307        5,186    

Techtronic Industries

    504,500        1,809    

Tianneng Power International

    1,382,000        1,269    
   

 

 

 
      110,055    
   

 

 

 

Hungary – 0.6%

   

Magyar Telekom

    142,287        242    

MOL Hungarian Oil & Gas

    7,032        496    

OTP Bank

    113,865        3,266    

Richter Gedeon Nyrt

    221,626        4,700    
   

 

 

 
      8,704    
   

 

 

 

India – 7.9%

   

Adani Ports & Special Economic Zone

    197,847        783    

Apollo Tyres

    611,663        1,666    

Aurobindo Pharma

    440,748        4,346    

Axis Bank

    423,505        2,808    

Bajaj Auto

    21,569        837    
 

 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Equity Fund (Continued)

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

COMMON STOCK (continued)

   

Bank of Baroda *

    368,719        $               833    

Bharat Financial Inclusion *

    92,769        804    

Bharat Petroleum

    156,226        1,463    

Cairn India

    735,850        2,625    

Cummins India

    231,979        2,799    

Dabur India

    738,137        3,025    

Dewan Housing Finance

    523,515        1,879    

Glenmark Pharmaceuticals

    501,719        6,568    

Grasim Industries

    74,539        948    

HCL Technologies

    494,784        6,036    

HDFC Bank ADR

    63,035        3,825    

Hindustan Petroleum

    207,595        1,350    

Hindustan Unilever

    174,213        2,121    

Hindustan Zinc

    216,324        814    

Housing Development Finance

    211,050        3,926    

ICICI Bank ADR (A)

    695,191        5,207    

IFCI

    2,704,652        1,084    

Indian Oil

    283,548        1,358    

Infosys

    416,972        6,209    

Infosys ADR (A)

    85,520        1,268    

ITC

    74,770        266    

L&T Technology Services (B)

    55,961        650    

Maruti Udyog

    16,590        1,300    

NCC

    1,645,680        1,954    

NHPC

    2,289,642        892    

NTPC

    783,700        1,902    

Parag Milk Foods *(B)

    361,110        1,386    

Petronet LNG

    523,177        2,833    

PNB Housing Finance *(B)

    74,971        928    

Power Finance

    848,588        1,525    

Power Grid Corp of India

    1,191,779        3,222    

Prestige Estates Projects

    532,735        1,334    

Reliance Industries

    241,684        3,854    

Reliance Industries GDR (B)

    414,382        13,074    

Rural Electrification

    1,250,621        2,301    

SH Kelkar (B)

    384,504        1,759    

Shriram Transport Finance

    89,334        1,123    

Sun Pharmaceutical Industries

    18,135        168    

Tata Chemicals

    191,289        1,418    

Tata Consultancy Services

    129,258        4,505    

Tata Motors ADR

    113,738        3,912    

Vedanta

    760,962        2,424    

Wipro

    163,131        1,140    

Zee Entertainment Enterprises

    238,645        1,593    
   

 

 

 
      120,045    
   

 

 

 

Indonesia – 2.4%

   

Adaro Energy

    7,933,400        998    

AKR Corporindo

    2,217,400        987    

Astra International

    7,124,400        4,376    

Bank Central Asia

    2,725,200        3,135    

Bank Negara Indonesia Persero

    6,777,800        2,780    

 

 
Description   Shares    

Market Value

($ Thousands)

 

 

 

COMMON STOCK (continued)

 

 

Bank Rakyat Indonesia Persero

    8,191,895        $ 7,099    

Bumi Serpong Damai

    2,732,735        356    

Gudang Garam

    524,300        2,487    

Indofood CBP Sukses Makmur

    561,800        358    

Matahari Department Store

    1,767,800        1,985    

Sumber Alfaria Trijaya

    33,071,700        1,534    

Tambang Batubara Bukit Asam

    1,688,200        1,566    

Telekomunikasi Indonesia Persero

    15,222,982        4,497    

United Tractors

    2,289,700        3,611    
   

 

 

 
                35,769    
   

 

 

 

Italy – 0.0%

   

Prada (A)

    258,900        878    
   

 

 

 

Jordan – 0.2%

   

Hikma Pharmaceuticals (A)

    112,949        2,642    
   

 

 

 

Kashmiri – 0.1%

   

Advanced Process Systems *(A)

    54,508        1,351    
   

 

 

 

Malaysia – 0.6%

   

AirAsia

    4,435,000        2,264    

AMMB Holdings

    356,900        343    

Axiata Group

    531,500        559    

Berjaya Sports Toto

    233,000        154    

British American Tobacco Malaysia

    30,351        302    

CIMB Group Holdings

    1,347,700        1,355    

Inari Amertron

    2,162,175        1,600    

MISC BHD

    248,600        407    

Public Bank

    233,200        1,025    

Sunway

    351,300        237    

Tenaga Nasional

    66,100        205    

UEM Sunrise

    2,512,095        588    

Westports Holdings

    795,600        763    
   

 

 

 
      9,802    
   

 

 

 

Mexico – 3.3%

   

Alpek, Cl A

    86,900        104    

America Movil, Ser L

    2,064,774        1,305    

America Movil ADR, Cl L (A)

    164,735        2,071    

Cemex ADR *(A)

    535,539        4,300    

Coca-Cola Femsa ADR (A)

    53,284        3,386    

Fomento Economico Mexicano

    498,000        3,814    

Fomento Economico Mexicano ADR

    42,438        3,234    

Gentera

    457,600        741    

Grupo Aeroportuario del Pacifico, Cl B

    70,900        586    

Grupo Bimbo, Ser A

    575,770        1,310    

Grupo Financiero Banorte, Cl O

    1,876,227        9,299    

Grupo Financiero Santander Mexico ADR (A)

    259,078        1,863    

Grupo GICSA *

    1,681,700        823    

Grupo Mexico, Ser B

    1,466,417        4,007    

Grupo Televisa GDR

    188,703        3,942    

Industrias Bachoco ADR

    5,760        282    

Infraestructura Energetica Nova

    533,700        2,339    

Inmobiliaria Vesta

    1,467,900        1,774    
 

 

 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    3


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Equity Fund (Continued)

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

COMMON STOCK (continued)

 

 

Kimberly-Clark de Mexico, Cl A

    214,000        $               388    

Megacable Holdings

    117,700        400    

Nemak (B)

    239,700        216    

Unifin Financiera

    564,300        1,408    

Wal-Mart de Mexico

    1,665,695        3,000    
   

 

 

 
      50,592    
   

 

 

 

Netherlands – 0.1%

   

VimpelCom ADR

    450,400        1,734    
   

 

 

 

Pakistan – 0.3%

   

Engro Fertilizers

    2,494,500        1,625    

United Bank

    1,025,400        2,347    
   

 

 

 
      3,972    
   

 

 

 

Peru – 0.8%

   

Cia de Minas Buenaventura ADR

    255,187        2,878    

Credicorp

    55,852        8,817    
   

 

 

 
      11,695    
   

 

 

 

Philippines – 1.0%

   

Aboitiz Equity Ventures

    296,380        422    

Ayala

    165,180        2,427    

BDO Unibank

    1,058,850        2,388    

Cebu Air

    201,950        378    

Globe Telecom

    46,590        1,420    

Metro Pacific Investments

    1,596,300        214    

Metropolitan Bank & Trust

    1,588,930        2,322    

Pilipinas Shell Petroleum *

    1,311,900        1,842    

Puregold Price Club

    994,118        781    

SM Investments

    104,520        1,379    

Universal Robina

    471,400        1,552    

Vista Land & Lifescapes

    2,371,200        237    
   

 

 

 
      15,362    
   

 

 

 

Poland – 0.5%

   

Energa (A)

    213,273        465    

Eurocash

    62,939        593    

KGHM Polska Miedz

    22,099        490    

Orange Polska *

    335,295        443    

PGE Polska Grupa Energetyczna

    67,701        169    

Polski Koncern Naftowy Orlen

    162,718        3,325    

Powszechny Zaklad Ubezpieczen

    211,357        1,681    
   

 

 

 
      7,166    
   

 

 

 

Portugal – 0.3%

   

Galp Energia, Cl B

    140,413        2,102    

Jeronimo Martins

    165,259        2,569    
   

 

 

 
      4,671    
   

 

 

 

Qatar – 0.0%

   

Ooredoo QSC

    18,020        505    

United Development

    64,728        367    
   

 

 

 
      872    
   

 

 

 

 

 
Description   Shares    

Market Value

($ Thousands)

 

 

 

COMMON STOCK (continued)

 

 

Romania – 0.0%

   

Banca Transilvania

    1,467,014        $               812    
   

 

 

 

Russia – 6.9%

   

Etalon Group GDR

    56,800        181    

Gazprom ADR

    2,043,049        10,369    

LUKOIL PJSC ADR

    315,252        17,690    

Magnit GDR (A)

    159,823        7,056    

Mail.Ru Group GDR *(A)

    72,723        1,334    

MegaFon GDR

    63,445        600    

MMC Norilsk Nickel PJSC ADR

    185,602        3,116    

Mobile TeleSystems ADR

    197,857        1,803    

Novatek PJSC GDR (A)

    35,427        4,598    

Novolipetsk Steel GDR

    308,608        5,740    

Ros Agro GDR

    41,447        551    

Rosneft Oil PJSC GDR (A)

    908,012        5,902    

Sberbank of Russia ADR

    1,935,600        22,414    

Severstal GDR

    140,054        2,162    

Sistema GDR (A)

    113,760        1,024    

Surgutneftegas ADR

    104,761        525    

X5 Retail Group GDR *

    451,165        14,640    

Yandex, Cl A *

    257,579        5,185    
   

 

 

 
      104,890    
   

 

 

 

Singapore – 0.1%

   

Golden Agri-Resources

    4,264,398        1,269    
   

 

 

 

South Africa – 4.8%

   

African Rainbow Minerals

    117,317        845    

Alexander Forbes Group Holdings

    2,796,235        1,626    

AngloGold Ashanti ADR *

    58,100        611    

Aspen Pharmacare Holdings

    163,631        3,393    

AVI

    201,249        1,345    

Barclays Africa Group

    167,633        2,068    

Bid

    141,785        2,542    

Bidvest Group

    100,199        1,328    

Capitec Bank Holdings

    38,444        1,954    

DataTec

    74,779        271    

FirstRand

    1,619,552        6,297    

Foschini Group

    52,192        607    

Gold Fields

    237,158        756    

Harmony Gold Mining ADR

    167,141        369    

JSE

    128,600        1,545    

Kumba Iron Ore *(A)

    103,757        1,206    

Liberty Holdings

    163,289        1,325    

Life Healthcare Group Holdings

    958,181        2,284    

MMI Holdings

    271,382        468    

Mondi

    44,732        916    

MTN Group

    64,322        593    

Murray & Roberts Holdings

    420,128        354    

Naspers, Cl N

    75,030        11,051    

Nedbank Group

    231,120        4,025    

Petra Diamonds *(A)

    1,519,533        2,942    
 

 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Equity Fund (Continued)

 

 

 
Description   Shares    

Market Value

($ Thousands)

 

 

 

COMMON STOCK (continued)

 

 

Sappi

    75,101        $               494    

Sasol

    111,368        3,249    

Sibanye Gold

    1,175,005        2,182    

SPAR Group

    46,842        680    

Standard Bank Group

    495,844        5,502    

Steinhoff International Holdings

    389,086        2,028    

Telkom

    393,326        2,128    

Truworths International

    146,868        856    

Tsogo Sun Holdings

    331,499        669    

Vodacom Group

    199,504        2,223    

Wilson Bayly Holmes-Ovcon

    45,758        515    

Woolworths Holdings

    241,346        1,253    
   

 

 

 
      72,500    
   

 

 

 

South Korea – 12.6%

   

Amorepacific

    3,589        955    

BGF retail

    46,040        3,118    

CJ CGV (A)

    26,347        1,536    

Com2uSCorp (A)

    23,510        1,700    

Coway (A)

    81,711        5,974    

DGB Financial Group (A)

    155,002        1,253    

Dongbu Insurance

    36,038        1,865    

E-MART

    8,639        1,309    

Hana Financial Group

    72,607        1,876    

Hankook Tire

    9,332        449    

Hanssem

    19,170        3,164    

Hanwha

    11,960        348    

Hanwha Chemical

    16,775        344    

Hanwha Techwin

    28,264        1,018    

Hyosung

    36,217        4,363    

Hyundai Development (A)

    134,044        4,997    

Hyundai Marine & Fire Insurance (A)

    97,150        2,536    

Hyundai Mobis

    2,429        531    

Hyundai Motor

    35,592        4,303    

Kangwon Land (A)

    52,205        1,544    

KB Financial Group

    11,464        407    

KB Financial Group ADR

    60,897        2,149    

KB Insurance

    32,016        694    

KCC

    8,106        2,410    

KEPCO Plant Service & Engineering (A)

    23,332        1,046    

Kia Motors

    44,209        1,438    

Korea Aerospace Industries (A)

    81,076        4,502    

Korea Electric Power

    68,834        2,511    

Korea Gas

    10,513        422    

KT&G (A)

    41,311        3,457    

LG

    31,077        1,544    

LG Chem

    17,130        3,712    

LG Display

    100,546        2,621    

LG Uplus

    241,784        2,294    

Lotte Chemical

    5,161        1,581    

Lotte Chilsung Beverage (A)

    1,705        2,061    

Lotte Confectionery (A)

    16,137        2,388    

 

 
Description   Shares    

Market Value

($ Thousands)

 

 

 

COMMON STOCK (continued)

 

 

LS Cable (A)

    18,346        $ 901    

LS Industrial Systems (A)

    3,617        119    

Mando (A)

    11,404        2,214    

Meritz Fire & Marine Insurance (A)

    21,334        270    

NAVER

    9,123        5,865    

NCSoft (A)

    26,510        5,445    

Orion (A)

    4,854        2,634    

Poongsan (A)

    35,048        1,176    

POSCO

    24,949        5,318    

Posco Daewoo (A)

    62,786        1,404    

Samsung Electronics

    32,241        48,137    

Samsung Life Insurance

    25,835        2,405    

SFA Engineering (A)

    46,888        2,506    

Shinhan Financial Group

    72,634        2,720    

SK Hynix

    392,170        14,546    

SK Innovation

    13,118        1,592    

SK Telecom

    8,435        1,564    

SK Telecom ADR

    345,820        7,228    

SPC Samlip (A)

    10,522        1,478    

Tongyang Life Insurance (A)

    93,904        988    

Vieworks (A)

    28,381        1,407    

Woori Bank *

    166,570        1,758    
   

 

 

 
              190,095    
   

 

 

 

Taiwan – 10.5%

   

Accton Technology

    1,734,700        2,740    

Advanced Ceramic X

    224,400        1,654    

Advanced Semiconductor Engineering

    5,443,570        5,582    

Airtac International Group

    288,681        2,302    

Asia Cement

    1,855,000        1,517    

Asustek Computer

    219,000        1,801    

AU Optronics

    4,264,000        1,561    

Catcher Technology

    740,040        5,144    

Cathay Financial Holding

    2,586,000        3,868    

Chailease Holding

    883,404        1,510    

Cheng Shin Rubber Industry

    546,000        1,030    

Chunghwa Telecom

    111,000        350    

Compal Electronics

    2,423,000        1,387    

Delta Electronics

    893,100        4,420    

Eclat Textile

    388,006        4,063    

Elite Material

    365,400        1,020    

eMemory Technology

    192,800        2,345    

Ennoconn

    72,000        920    

Farglory Land Development

    471,043        540    

FLEXium Interconnect

    449,000        1,181    

Formosa Chemicals & Fibre

    390,000        1,165    

Formosa Plastics

    272,000        753    

Foxconn Technology

    741,230        1,962    

Fubon Financial Holding

    2,634,000        4,168    

Highwealth Construction

    633,100        892    

Hiwin Technologies

    271,502        1,247    

Hon Hai Precision Industry

    4,441,303        11,603    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    5


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Equity Fund (Continued)

 

 

 
Description   Shares    

Market Value

($ Thousands)

 

 

 

COMMON STOCK (continued)

 

Hota Industrial Manufacturing

    1,117,884        $ 4,336    

Hotai Motor

    105,000        1,202    

Hu Lane Associate

    364,600        1,623    

Innolux

    1,175,748        423    

Inventec

    1,980,000        1,358    

Kingpak Technology

    257,110        1,596    

King’s Town Bank

    424,000        370    

Kinsus Interconnect Technology

    324,000        716    

Largan Precision

    23,446        2,757    

Lite-On Technology

    1,838,936        2,773    

MediaTek

    1,027,100        6,900    

Merida Industry

    225,000        1,005    

Micro-Star International

    417,000        952    

Nan Ya Plastics

    201,000        444    

Nanya Technology

    540,000        809    

Parade Technologies

    282,600        2,788    

Pegatron

    872,000        2,083    

Phison Electronics

    356,000        2,822    

Powertech Technology

    536,000        1,447    

Shin Kong Financial Holding *

    1,784,000        437    

Silicon Motion Technology ADR (A)

    26,540        1,128    

Simplo Technology

    274,000        790    

Taiwan Semiconductor Manufacturing

    6,294,217        35,446    

Taiwan Semiconductor Manufacturing ADR

    356,444        10,248    

Uni-President Enterprises

    982,000        1,627    

Vanguard International Semiconductor

    757,000        1,320    

Wistron

    3,653,771        2,829    

WPG Holdings

    1,743,000        2,055    

Yuanta Financial Holding

    1,987,000        740    
   

 

 

 
              159,749    
   

 

 

 

Thailand – 2.0%

   

Bangkok Bank NVDR

    53,200        237    

Bangkok Bank Foreign

    376,600        1,698    

Bangkok Dusit Medical Services

    2,282,000        1,472    

Bangkok Dusit Medical Services, Cl F

    242,600        157    

Bangkok Expressway & Metro

    7,148,200        1,487    

CP Seven Eleven PCL

    967,300        1,688    

Delta Electronics Thai

    242,100        551    

Delta Electronics Thailand

    601,300        1,369    

Home Product Center

    3,654,100        1,041    

IRPC

    14,685,600        1,845    

Krung Thai Bank NVDR (A)

    2,986,900        1,476    

Land & Houses

    3,796,500        1,039    

Land and Houses PCL NVDR

    6,527,600        1,786    

PTT

    237,150        2,464    

PTT NVDR

    65,100        676    

PTT Global Chemical

    673,700        1,185    

Siam Cement

    138,700        1,929    

Siam Commercial Bank

    336,300        1,432    

Thai Oil (A)

    1,087,900        2,195    

Thai Union Group NVDR

    2,262,500        1,327    

 

 
Description   Shares    

Market Value

($ Thousands)

 

 

 

COMMON STOCK (continued)

   

Thanachart Capital NVDR (A)

    971,100        $ 1,193    

Tisco Financial Group

    276,600        465    

Tisco Financial Group NVDR

    564,300        950    
   

 

 

 
      29,662    
   

 

 

 

Turkey – 1.7%

   

Akbank

    1,536,028        3,415    

Anadolu Efes Biracilik Ve Malt Sanayii (A)

    192,588        965    

Arcelik

    175,848        1,060    

Aselsan Elektronik Sanayi Ve Ticaret (A)

    952,095        3,440    

Emlak Konut Gayrimenkul Yatirim Ortakligi

    2,741,436        2,330    

Eregli Demir ve Celik Fabrikalari

    946,495        1,383    

Ford Otomotiv Sanayi

    72,684        632    

KOC Holding

    107,066        420    

Petkim Petrokimya Holding

    353,499        372    

TAV Havalimanlari Holding

    109,164        435    

Tekfen Holding

    151,430        278    

Tofas Turk Otomobil Fabrikasi

    359,785        2,520    

Tupras Turkiye Petrol Rafinerileri

    51,745        1,041    

Turkcell Iletisim Hizmetleri ADR *

    114,135        788    

Turkiye Garanti Bankasi

    767,191        1,662    

Turkiye Is Bankasi, Cl C (A)

    1,615,036        2,378    

Turkiye Sise ve Cam Fabrikalari

    442,368        482    

Ulker Biskuvi Sanayi

    373,314        1,715    
   

 

 

 
                25,316    
   

 

 

 

United Arab Emirates – 1.0%

   

Abu Dhabi Commercial Bank

    859,020        1,615    

Air Arabia

    674,275        244    

Aldar Properties

    2,385,344        1,709    

Dubai Investments

    1,989,470        1,290    

Dubai Islamic Bank

    1,474,995        2,230    

Emaar Properties

    3,747,679        7,282    

First Gulf Bank PJSC

    184,940        647    
   

 

 

 
      15,017    
   

 

 

 

United Kingdom – 0.6%

   

Anglo American *

    121,296        1,730    

Evraz *

    117,798        323    

Kazakhmys *

    326,506        1,441    

Petrofac

    32,819        352    

Tullow Oil *

    1,526,848        5,900    
   

 

 

 
      9,746    
   

 

 

 

United States – 0.2%

   

Freeport-McMoRan *

    140,190        1,849    

Globant *

    36,080        1,203    

ZTO Express Cayman ADR *

    29,800        360    
   

 

 

 
      3,412    
   

 

 

 

Total Common Stock
(Cost $1,436,266) ($ Thousands)

 

    1,401,461    
   

 

 

 
 

 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Equity Fund (Continued)

 

 

 
Description   Shares    

Market Value

($ Thousands)

 

 

 

PREFERRED STOCK – 2.4%

 

 

Brazil – 2.2%

   

Banco Bradesco *

    289,820         $ 2,582    

Banco do Estado do Rio Grande do Sul *

    210,900        669    

Braskem

    93,800        987    

Cia Brasileira de Distribuicao

    58,600        986    

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

    118,000        1,953    

Cia Energetica de Minas Gerais

    474,300        1,123    

Cia Paranaense de Energia

    76,800        646    

Itau Unibanco Holding

    730,896        7,601    

Itau Unibanco Holding ADR (A)

    575,854        5,920    

Itausa - Investimentos Itau

    558,084        1,420    

Petroleo Brasileiro ADR, Cl A *

    377,128        3,322    

Suzano Papel e Celulose, Cl A

    491,600        2,145    

Telefonica Brasil

    131,400        1,780    

Vale ADR, Cl B *

    207,451        1,429    
   

 

 

 
      32,563    
   

 

 

 

Colombia – 0.1%

   

Banco Davivienda

    173,743        1,736    

Bancolombia

    40,841        370    
   

 

 

 
      2,106    
   

 

 

 

South Korea – 0.1%

   

Samsung Electronics

    1,301        1,546    
   

 

 

 

Total Preferred Stock
(Cost $37,533) ($ Thousands)

 

              36,215    
   

 

 

 
    Number of
    Participation Notes
       
 

 

 

   

PARTICIPATION NOTES – 2.0%

 

 

China – 0.4%

   

Hangzhou Hikvi, Expires 08/01/2017 *

    1,325,193         4,533    

Wuliangye Yibin, Expires 06/29/2020 *

    452,500         2,246    
   

 

 

 
      6,779    
   

 

 

 

India – 0.7%

   

Britannia Industries, Expires 05/03/2021 *

    29,680         1,260    

Mahindra & Mahindra Financial Services, Expires 03/12/2018 *

    780,015         3,100    

Tata Motors, Expires 06/25/2020 *

    669,173         4,645    

Zee Entertainment Enterprises, Expires 09/03/2019 *

    194,847         1,298    
   

 

 

 
      10,303    
   

 

 

 

Saudi Arabia – 0.1%

   

Al Tayyar Travel Group, Expires 03/05/2018 *

    147,364         1,426    
   

 

 

 

Switzerland – 0.3%

   

CITIC Securities, Expires 10/22/2019 *

    676,727         1,565    

Goertek, Expires 09/14/2021 *

    725,400         2,770    
   

 

 

 
      4,335    
   

 

 

 

 

 
Description   Number of
Participation Notes
   

Market Value

($ Thousands)

 

 

 

PARTICIPATION NOTES (continued)

 

 

United Kingdom – 0.1%

 

 

HSBC, Expires 02/06/2017 *

    183,930         $ 1,953    
   

 

 

 

United States – 0.3%

   

Motherson Sumi Systems, Expires 09/21/2021 *

    719,773        3,456    

Savola Group, Expires 03/02/2017 *

    84,800        902    
   

 

 

 
      4,358    
   

 

 

 

Vietnam – 0.1%

   

Hoa Phat Group, Expires 07/24/2018 *

    506,372        950    
   

 

 

 

Total Participation Notes
(Cost $32,470) ($ Thousands)

 

    30,104    
   

 

 

 
    Shares        
 

 

 

   

EXCHANGE TRADED FUND – 0.6%

 

 

United States – 0.6%

   

iShares MSCI Emerging Markets ETF

    293,631        10,280    
   

 

 

 

Total Exchange Traded Fund
(Cost $10,991) ($ Thousands)

 

    10,280    
   

 

 

 
   

Number of

Rights

       
 

 

 

   

RIGHTS – 0.0%

   

Qatar – 0.0%

   

Commercial Bank QSC, Expires 01/25/2017 *

    11,379        22    
   

 

 

 

Total Rights
(Cost $–) ($ Thousands)

 

    22    
   

 

 

 
    Face Amount
(Thousands)
       
 

 

 

   

DEBENTURE BOND – 0.0%

 

 

Brazil – 0.0%

   

Vale, Ser 1997

   

0.000%, 09/30/2049 (C)

  BRL 8          –    
   

 

 

 

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

 

    –    
   

 

 

 
    Shares        
 

 

 

   

AFFILIATED PARTNERSHIP – 9.0%

 

 

SEI Liquidity Fund, L.P.

   

0.660% **(D)

    136,043,691          136,046    
   

 

 

 

Total Affiliated Partnership
(Cost $136,044) ($ Thousands)

 

            136,046    
   

 

 

 
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    7


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Equity Fund (Concluded)

 

 

 
Description   Shares     Market Value
($ Thousands)
 

 

 

CASH EQUIVALENT – 0.7%

   

SEI Daily Income Trust, Government Fund, Cl A

   

0.320%**

    10,019,997            $ 10,020    
   

 

 

 

Total Cash Equivalent (Cost $10,020) ($ Thousands)

      10,020    
   

 

 

 

Total Investments – 107.3%
(Cost $1,663,324) ($ Thousands) @

 

     $     1,624,148    
   

 

 

 

 

 

  Percentages are based on Net Assets of $1,513,051 ($ Thousands).

 

* Non-income producing security.

 

** Rate shown is the 7-day effective yield as of December 31, 2016.

 

  Investment in Affiliated Security.

 

  Real Estate Investment Trust.

 

(A) This security or a partial position of this security is on loan at December 31, 2016. The total market value of securities on loan at December 31, 2016 was $130,394 ($ Thousands).
(B) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On December 31, 2016, the value of these securities amounted to $22,265 ($ Thousands), representing 1.5% of the net assets of the Fund.

 

(C) Variable Rate Security – The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2016.

 

(D) This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of December 31, 2016 was $136,046 ($ Thousands).

@ At December 31, 2016, the tax basis cost of the Fund’s investments was $1,663,324 ($ Thousands), and the unrealized appreciation and depreciation were $125,686 ($ Thousands) and $(164,862) ($ Thousands), respectively.

ADR – American Depositary Receipt

BRL – Brazilian Real

Cl – Class

ETF – Exchange Traded Fund

GDR – Global Depositary Receipt

L.P. – Limited Partnership

MSCI – Morgan Stanley Capital International

NVDR – Non-Voting Depositary Receipt

PJSC – Public Joint Stock Company

Ser – Series

 

The following is a summary of the transactions with affiliates for the period ended December 31, 2016 ($ Thousands):

 

Security Description    Value
9/30/2016
   Purchases at
Cost
   Proceeds
from Sales
   Realized Gain
(Loss)
   Change in Unrealized
Appreciation
(Depreciation)
   Value
12/31/2016
     Dividend  
  Income  

SEI Liquidity Fund, L.P.

   $ 245,981    $ 95,650    $ (205,586)    $ (1)    $ 2    $ 136,046    $ 284

SEI Daily Income Trust, Government Fund, Class A

   6,665    28,252     (24,897)      –      –     10,020    5
  

 

  

 

  

 

  

 

  

 

  

 

  

 

Totals

     $ 252,646        $ 123,902       $ (230,483)         $ (1)        $ 2    $ 146,066      $ 289  
  

 

  

 

  

 

  

 

  

 

  

 

  

 

 

The following is a list of the level of inputs used as of December 31, 2016, in valuing the Fund’s investments carried at value ($ Thousands):

 

 

Investments in
Securities

 

 

Level 1 

 

   

Level 2 

 

   

Level 3 

 

   

Total  

 

 

Common Stock

   $ 1,401,461       $ –        $ –       $ 1,401,461   

Preferred Stock

    36,215        –        –        36,215   

Participation Notes

    –        30,104        –        30,104   

Exchange Traded Fund

    10,280        –        –        10,280   

Right

    22        –        –        22   

Affiliated Partnership

    –        136,046        –        136,046   

Cash Equivalent

    10,020        –        –        10,020   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Investments in Securities

   $  1,457,998      $  166,150       $ –       $  1,624,148   
 

 

 

   

 

 

   

 

 

   

 

 

 

For the period ended December 31, 2016, 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.

For the period ended December 31, 2016, there were no transfers between Level 2 and Level 3 assets and liabilities.

For the period ended December 31, 2016, there were no transfers into Level 3 assets and liabilities.

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

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

 

 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

International Fixed Income Fund

 

 

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

 

 

GLOBAL BONDS – 92.9%

       

Angola – 0.1%

       

Republic of Angola Via Northern Lights III

       

7.000%, 08/16/2019

  $      289             $ 292    
       

 

 

 

Argentina – 0.1%

       

Argentine Republic Government International Bond

       

6.875%, 04/22/2021 (A)

       245            261    

Provincia de Buenos Aires

       

5.750%, 06/15/2019 (A)

       179            188    

Provincia de Cordoba

       

7.125%, 06/10/2021 (A)

       280            288    
       

 

 

 
          737    
       

 

 

 

Australia – 2.5%

       

Australia & New Zealand Banking Group MTN

       

3.625%, 07/18/2022

  EUR      300            375    

Commonwealth Bank of Australia MTN

       

1.375%, 01/22/2019

       560            609    

Government of Australia

       

4.500%, 04/15/2020

  AUD      270            211    

4.500%, 04/21/2033

       285            239    

4.250%, 04/21/2026

       3,900            3,179    

3.750%, 04/21/2037

       1,388            1,042    

2.750%, 04/21/2024

       1,785            1,308    

Government of Australia, Ser 122

       

5.250%, 03/15/2019

       2,000            1,552    

Government of Australia, Ser 124

       

5.750%, 05/15/2021

               2,350            1,954    

National Australia Bank MTN

       

2.625%, 01/13/2017

  EUR      370            390    

Queensland Treasury, Ser 17

       

6.000%, 09/14/2017

  AUD      780            581    

Westpac Banking MTN

       

1.500%, 03/24/2021

  EUR      220            246    

1.375%, 04/17/2020

       230            254    
       

 

 

 
                    11,940    
       

 

 

 

Austria – 0.4%

       

Republic of Austria

       

4.150%, 03/15/2037 (A)

       115            191    

3.650%, 04/20/2022 (A)

       290            370    

3.150%, 06/20/2044 (A)

       150            231    

1.950%, 06/18/2019 (A)

       280            314    

1.150%, 10/19/2018 (A)

       300            327    

0.750%, 10/20/2026 (A)

       317            344    
       

 

 

 
          1,777    
       

 

 

 

Belgium – 1.6%

       

Anheuser-Busch InBev MTN

       

2.750%, 03/17/2036

       95            110    

2.000%, 03/17/2028

       435            485    

1.500%, 03/17/2025

       55            60    

0.875%, 03/17/2022

       560            606    

 

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

 

 

GLOBAL BONDS (continued)

       

KBC Group MTN

       

2.375%, 11/25/2024 (B)

  EUR      2,000             $             2,188    

Kingdom of Belgium

       

3.750%, 06/22/2045

       393            632    

3.000%, 06/22/2034 (A)

       350            481    

1.000%, 06/22/2031 (A)

       710            749    

0.800%, 06/22/2025 (A)

       715            781    

Kingdom of Belgium, Ser 44

       

5.000%, 03/28/2035 (A)

       244            425    

Kingdom of Belgium, Ser 58

       

3.750%, 09/28/2020 (A)

       496            608    

Kingdom of Belgium, Ser 69

       

1.250%, 06/22/2018

       545            591    
       

 

 

 
          7,716    
       

 

 

 

Brazil – 1.1%

       

Brazil Notas do Tesouro Nacional, Serie F

       

10.000%, 01/01/2025

  BRL              7,850            2,238    

10.000%, 01/01/2027

       9,001            2,548    

Embraer Overseas

       

5.696%, 09/16/2023

  $      40            42    

Minerva Luxembourg

       

6.500%, 09/20/2026 (A)

       290            279    

Petrobras Global Finance

       

8.375%, 05/23/2021

       185            199    
       

 

 

 
          5,306    
       

 

 

 

Canada – 4.9%

       

Bank of Nova Scotia MTN

       

0.750%, 09/17/2021

  EUR      570            619    

Bell Canada MTN

       

4.700%, 09/11/2023

  CAD      80            66    

3.250%, 06/17/2020

       95            74    

Bell Canada

       

3.350%, 06/18/2019

       29            23    

Canada Housing Trust No. 1

       

3.800%, 06/15/2021 (A)

       2,465            2,023    

CDP Financial

       

4.400%, 11/25/2019 (A)

  $      850            907    

Cenovus Energy

       

5.700%, 10/15/2019

       89            95    

3.000%, 08/15/2022

       22            21    

Government of Canada

       

5.750%, 06/01/2033

  CAD      1,780            1,975    

4.000%, 06/01/2041

       1,092            1,064    

3.500%, 12/01/2045

       1,450            1,344    

1.750%, 09/01/2019

       505            386    

1.500%, 06/01/2026

       1,605            1,174    

0.750%, 03/01/2021

       3,895            2,866    

0.750%, 09/01/2021

       2,910            2,134    

Muskrat Falls

       

3.630%, 06/01/2029 (A)

       340            277    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    1


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

     

NOVA Chemicals

     

5.250%, 08/01/2023 (A)

  $     150            $ 152    

Province of British Columbia

     

3.250%, 12/18/2021

  CAD     1,150           922    

2.250%, 03/01/2019

      575           440    

Province of Manitoba Canada

     

3.850%, 12/01/2021

      710           581    

Province of Ontario Canada

     

3.500%, 06/02/2024

      1,200           972    

3.450%, 06/02/2045

      355           275    

2.600%, 06/02/2025

      1,614           1,224    

2.400%, 06/02/2026

      585           433    

Province of Quebec Canada

     

3.500%, 12/01/2045

      420           327    

3.000%, 09/01/2023

      850           670    

2.750%, 09/01/2025

      2,175           1,665    

2.500%, 04/20/2026

  $     70           67    

Rogers Communications

     

4.000%, 06/06/2022

  CAD     165           133    

Royal Bank of Canada

     

1.625%, 08/04/2020

  EUR     290           324    

Yamana Gold

     

4.950%, 07/15/2024

  $     286           280    
     

 

 

 
                  23,513    
     

 

 

 

China – 0.1%

     

Sinopec Group Overseas Development

     

2.625%, 10/17/2020

  EUR     240           272    

Tencent Holdings MTN

     

3.375%, 05/02/2019 (A)

      390           399    
     

 

 

 
        671    
     

 

 

 

Colombia – 0.2%

     

Colombian TES

     

7.000%, 05/04/2022

  COP       2,678,900           905    

Ecopetrol

     

7.375%, 09/18/2043

  $     121           123    

5.875%, 05/28/2045

      109           94    
     

 

 

 
        1,122    
     

 

 

 

Croatia – 0.1%

     

Croatia Government International Bond

     

3.875%, 05/30/2022

  EUR     240           272    
     

 

 

 

Czech Republic – 0.1%

     

Government of Czech Republic

     

4.700%, 09/12/2022

  CZK     4,150           207    

Government of Czech Republic, Ser 51

     

4.000%, 04/11/2017

      8,050           318    
     

 

 

 
        525    
     

 

 

 

Denmark – 0.4%

     

Danske Bank

     

3.875%, 10/04/2023 (B)

  EUR     375           419    

 

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

 

 

GLOBAL BONDS (continued)

 

 

3.500%, 04/16/2018

  EUR     155            $ 171    

2.000%, 09/08/2021 (A)

  $     360           350    

Danske Bank MTN

     

5.375%, 09/29/2021 (B)

  GBP     170           220    

Kingdom of Denmark

     

4.500%, 11/15/2039

  DKK                1,300           318    

4.000%, 11/15/2017

      1,600           236    

1.500%, 11/15/2023

      1,875           293    
     

 

 

 
                    2,007    
     

 

 

 

Finland – 0.1%

     

Government of Finland

     

2.625%, 07/04/2042 (A)

  EUR     55           79    

1.500%, 04/15/2023 (A)

      340           396    
     

 

 

 
        475    
     

 

 

 

France – 6.2%

     

Air Liquide Finance

     

2.250%, 09/27/2023 (A)

  $     370           355    

BNP Paribas MTN

     

2.250%, 01/11/2027

  EUR     355           364    

BNP Paribas

     

5.019%, 12/31/2049 (B)

      250           266    

BPCE

     

5.250%, 04/16/2029

  GBP     100           138    

1.750%, 11/29/2019

  EUR     600           668    

Caisse Centrale du Credit Immobilier de France MTN

     

1.125%, 04/22/2019

      100           109    

Caisse de Refinancement de l’Habitat

     

3.500%, 04/25/2017

      350           373    

Caisse Francaise de Financement Local MTN

     

4.875%, 07/03/2017

      220           238    

3.625%, 02/26/2018

      63           69    

Casino Guichard Perrachon MTN

     

4.407%, 08/06/2019

      700           809    

Credit Agricole

     

6.637%, 05/29/2049 (B)

  $     515           484    

Credit Agricole Home Loan

     

3.250%, 03/23/2017

  EUR     100           106    

Danone MTN

     

0.709%, 11/03/2024

      300           312    

Dexia Credit Local MTN

     

2.000%, 01/22/2021

      200           227    

1.625%, 10/29/2018

      565           615    

1.375%, 09/18/2019

      500           549    

0.625%, 01/21/2022

      1,550           1,670    

Electricite de France MTN

     

1.875%, 10/13/2036

      800           763    

Electricite de France

     

6.500%, 01/26/2019 (A)

  $     250           272    

Elis

     

3.000%, 04/30/2022

      250           272    
 

 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)    

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

 

Description

  Face Amount
(Thousands)
    Market Value
($ Thousands)
 

 

 

GLOBAL BONDS (continued)

 

 

Europcar Groupe

     

5.750%, 06/15/2022

  EUR     145            $ 161    

France Government Bond OAT

     

0.500%, 05/25/2025

      665           708    

0.500%, 05/25/2026

                  2,890           3,018    

0.250%, 11/25/2020

      450           487    

0.000%, 05/25/2020

      1,590           1,705    

0.000%, 05/25/2021

      1,550           1,657    

French Republic Government Bond OAT

     

1.750%, 05/25/2066 (A)

      870           892    

0.000%, 05/25/2022

      2,400           2,549    

Government of France

     

4.500%, 04/25/2041

      220           375    

4.000%, 10/25/2038

      505           798    

3.250%, 05/25/2045

      1,315           1,909    

2.500%, 05/25/2030

      1,975           2,486    

1.750%, 05/25/2023

      1,350           1,580    

Loxam SAS

     

7.000%, 07/23/2022

      150           169    

RCI Banque MTN

     

1.250%, 06/08/2022

      200           216    

Rexel

     

3.250%, 06/15/2022

      240           264    

Societe Generale

     

5.922%, 04/05/2017 (A)(B)

  $     180           179    

Synlab Bondco

     

6.250%, 07/01/2022 (A)

  EUR     160           184    

TOTAL MTN

     

2.625%, 12/29/2049 (B)

      200           198    

Valeo MTN

     

1.625%, 03/18/2026

      100           109    

Wendel

     

1.000%, 04/20/2023

      600           621    

1.000%, 04/20/2023

      900           929    
     

 

 

 
                  29,853    
     

 

 

 

Germany – 6.3%

     

Allianz

     

5.625%, 10/17/2042 (B)

      200           249    

Allianz Finance II MTN

     

5.750%, 07/08/2041 (B)

      700           858    

Bundesobligation

     

0.250%, 10/11/2019

      540           586    

0.000%, 04/09/2021

      4,545           4,920    

Bundesrepublik Deutschland

     

6.250%, 01/04/2030

      770           1,416    

4.000%, 01/04/2037

      375           639    

2.500%, 07/04/2044

      3,000           4,400    

2.500%, 08/15/2046

      1,099           1,631    

1.000%, 08/15/2025

      3,135           3,588    

0.000%, 08/15/2026

      4,124           4,269    

 

 

Description

  Face Amount
(Thousands)
    Market Value
($ Thousands)
 

 

 

GLOBAL BONDS (continued)

 

 

Bundesrepublik Deutschland, Ser 00

     

5.500%, 01/04/2031

  EUR     470            $ 835    

Bundesrepublik Deutschland, Ser 03

     

4.750%, 07/04/2034

      280           499    

Bundesrepublik Deutschland, Ser 07

     

4.250%, 07/04/2039

      415           752    

Bundesrepublik Deutschland, Ser 08

     

3.750%, 01/04/2019

                  1,730           1,993    

E.ON International Finance MTN

     

6.000%, 10/30/2019

  GBP     300           422    

Grand City Properties

     

1.500%, 04/17/2025

  EUR     1,200           1,237    

Kreditanstalt fuer Wiederaufbau MTN

     

2.800%, 02/17/2021

  AUD     1,230           890    

Kreditanstalt fuer Wiederaufbau

     

3.375%, 08/30/2017

  CHF     370           374    

RWE Finance, Ser E MTN

     

6.250%, 06/03/2030

  GBP     125           209    

Volkswagen Financial Services MTN

     

1.750%, 08/21/2017

      230           285    
     

 

 

 
                  30,052    
     

 

 

 

Guernsey – 0.0%

     

Credit Suisse Group Funding Guernsey MTN

     

1.250%, 04/14/2022

  EUR     245           259    
     

 

 

 

Indonesia – 0.2%

     

Indonesia Government International Bond MTN

     

2.875%, 07/08/2021

      730           803    
     

 

 

 

Ireland – 1.1%

     

AIB Mortgage Bank MTN

     

0.625%, 07/27/2020

      305           328    

Allied Irish Banks MTN

     

4.125%, 11/26/2025 (B)

      177           189    

Ardagh Packaging Finance

     

4.125%, 05/15/2023 (A)

      245           270    

Bank of Ireland MTN

     

4.250%, 06/11/2024 (B)

      220           238    

Bank of Ireland Mortgage Bank

     

1.750%, 03/19/2019

      450           493    

0.500%, 01/20/2020

      305           327    

Ireland Government Bond

     

4.500%, 10/18/2018

      345           397    

4.500%, 04/18/2020

      300           368    

3.400%, 03/18/2024

      185           237    

1.000%, 05/15/2026

      2,000           2,155    

0.800%, 03/15/2022

      300           332    
     

 

 

 
        5,334    
     

 

 

 

Israel – 0.1%

     

Israel Government Bond

     

4.250%, 03/31/2023

  ILS     1,241           386    
     

 

 

 
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    3


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

 

Italy – 7.8%

     

Assicurazioni Generali MTN

     

7.750%, 12/12/2042 (B)

 

EUR

    300            $ 377    

Buoni Poliennali Del Tesoro

     

4.000%, 02/01/2037

      555           720    

FCA Capital Ireland MTN

     

2.875%, 01/26/2018

      210           228    

2.625%, 04/17/2019

      350           387    

Intesa Sanpaolo MTN

     

5.017%, 06/26/2024 (A)

 

$

    200           185    

1.125%, 03/04/2022

 

EUR

    1,950           2,063    

Italy Buoni Poliennali Del Tesoro

     

5.500%, 11/01/2022

      3,255           4,312    

5.000%, 08/01/2034

      335           483    

5.000%, 09/01/2040

      1,000           1,458    

4.750%, 09/01/2044 (A)

      350           499    

4.000%, 09/01/2020

      2,355           2,825    

3.750%, 05/01/2021

      561           674    

3.750%, 09/01/2024

      1,265           1,558    

3.500%, 03/01/2030 (A)

      1,290           1,574    

3.250%, 09/01/2046 (A)

      105           118    

2.700%, 03/01/2047 (A)

      1,407           1,424    

2.500%, 12/01/2024

      625           710    

2.000%, 12/01/2025

      1,975           2,138    

1.600%, 06/01/2026

      305           318    

1.350%, 04/15/2022

      4,347           4,711    

1.250%, 12/01/2026

      3,255           3,258    

0.750%, 01/15/2018

      720           767    

0.450%, 06/01/2021

      1,026           1,081    

0.300%, 10/15/2018

      700           744    

0.250%, 05/15/2018

      2,750           2,917    

LKQ Italia Bondco

     

3.875%, 04/01/2024

      109           122    

UniCredit MTN

     

6.950%, 10/31/2022

      231           280    

2.000%, 03/04/2023

      1,000           1,084    

Wind Acquisition Finance

     

4.750%, 07/15/2020 (A)

 

$

    200           202    
     

 

 

 
        37,217    
     

 

 

 

Japan – 23.4%

     

Government of Japan 10 Year Bond

     

0.900%, 06/20/2022

 

JPY

    782,200           7,069    

0.800%, 09/20/2023

      506,750           4,598    

0.300%, 12/20/2024

      281,100           2,471    

0.100%, 06/20/2026

      714,900           6,173    

Government of Japan 10 Year Bond, Ser 314

     

1.100%, 03/20/2021

      157,700           1,421    

Government of Japan 20 Year Bond

     

1.700%, 06/20/2033

      531,800           5,522    

1.400%, 09/20/2034

      558,000           5,554    

1.000%, 12/20/2035

      50,000           465    

 

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

 

 

GLOBAL BONDS (continued)

 

0.500%, 09/20/2036

 

JPY

    520,050            $ 4,396    

0.200%, 06/20/2036

      130,000           1,040    

Government of Japan 20 Year Bond, Ser 106

     

2.200%, 09/20/2028

      46,600           496    

Government of Japan 20 Year Bond, Ser 112

     

2.100%, 06/20/2029

      100,700           1,070    

Government of Japan 20 Year Bond, Ser 128

     

1.900%, 06/20/2031

      55,000           582    

Government of Japan 20 Year Bond, Ser 140

     

1.700%, 09/20/2032

      877,850           9,110    

Government of Japan 20 Year Bond, Ser 143

     

1.600%, 03/20/2033

      298,400           3,058    

Government of Japan 20 Year Bond, Ser 144

     

1.500%, 03/20/2033

      146,650           1,482    

Government of Japan 20 Year Bond, Ser 55

     

2.000%, 03/21/2022

      305,050           2,900    

Government of Japan 20 Year Bond, Ser 99

     

2.100%, 12/20/2027

      397,600           4,157    

Government of Japan 30 Year Bond

     

0.300%, 06/20/2046

      96,100           736    

Government of Japan 30 Year Bond, Ser 29

     

2.400%, 09/20/2038

      108,450           1,265    

Government of Japan 30 Year Bond, Ser 30

     

2.300%, 03/20/2039

      295,900           3,411    

Government of Japan 30 Year Bond, Ser 33

     

2.000%, 09/20/2040

      127,000           1,412    

Government of Japan 30 Year Bond, Ser 34

     

2.200%, 03/20/2041

      55,700           643    

Government of Japan 30 Year Bond, Ser 36

     

2.000%, 03/20/2042

      94,450           1,061    

Government of Japan 30 Year Bond, Ser 38

     

1.800%, 03/20/2043

      377,400           4,111    

Government of Japan 40 Year Bond

     

0.400%, 03/20/2056

      210,000           1,565    

Government of Japan 40 Year Bond, Ser 6

     

1.900%, 03/20/2053

      54,350           632    

Government of Japan 5 Year Bond

     

0.300%, 09/20/2018

      403,800           3,492    

0.200%, 06/20/2019

      514,950           4,456    

0.100%, 12/20/2019

      386,400           3,337    

0.100%, 03/20/2020

      470,550           4,065    

Japan Treasury Discount Bill(C)

     

0.000%, 02/13/2017

      600,000           5,146    

0.000%, 02/20/2017

      100,000           858    

0.000%, 02/27/2017

      250,000           2,144    

0.000%, 03/06/2017

      210,000           1,801    

0.000%, 03/27/2017

      110,000           944    

Japanese Government CPI Linked Bond

     

0.100%, 03/10/2024

      282,072           2,545    

0.100%, 03/10/2025

      51,844           473    
 

 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

 
Description      

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

     

0.100%, 03/10/2026

  JPY     737,335            $ 6,742    
     

 

 

 
        112,403    
     

 

 

 

Kazakhstan – 0.1%

     

Tengizchevroil Finance International

     

4.000%, 08/15/2026 (A)

  $     385           361    
     

 

 

 

Luxembourg – 0.1%

     

Altice Financing MTN

     

5.250%, 02/15/2023

  EUR     235           263    

Holcim Finance Luxembourg MTN

     

1.375%, 05/26/2023

      110           118    
     

 

 

 
        381    
     

 

 

 

Mexico – 1.3%

     

Mexican Bonos

     

8.000%, 06/11/2020

  MXN     58,346           2,915    

7.750%, 11/13/2042

      11,690           559    

Mexican Bonos, Ser M

     

6.500%, 06/10/2021

      5,356           253    

Mexican Bonos, Ser M20

     

10.000%, 12/05/2024

      19,807           1,113    

Mexican Bonos, Ser M30

     

10.000%, 11/20/2036

      1,235           73    

Petroleos Mexicanos MTN

     

5.125%, 03/15/2023

  EUR     425           484    

4.625%, 09/21/2023 (A)

  $     148           144    

1.875%, 04/21/2022

  EUR     380           385    

United Mexican States MTN

     

1.625%, 03/06/2024

      416           429    
     

 

 

 
        6,355    
     

 

 

 

Morocco – 0.1%

     

Kingdom of Morocco

     

4.500%, 10/05/2020

      370           432    
     

 

 

 

Netherlands – 3.4%

     

ABN AMRO Bank MTN

     

7.125%, 07/06/2022

      376           506    

2.875%, 06/30/2025 (B)

      1,000           1,110    

2.875%, 01/18/2028 (B)

      200           222    

Achmea MTN

     

6.000%, 04/04/2043 (B)

      210           240    

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA

     

6.875%, 03/19/2020

      1,400           1,737    

2.500%, 05/26/2026 (B)

      1,055           1,155    

ING Bank MTN

     

6.875%, 05/29/2023 (B)

  GBP     337           445    

3.500%, 11/21/2023 (B)

  EUR     375           416    

3.375%, 03/23/2017

      125           133    

Kingdom of Netherlands

     

5.500%, 01/15/2028

      295           481    

4.000%, 01/15/2037 (A)

      300           506    

 

 
Description      

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

     

3.750%, 01/15/2042 (A)

  EUR     60            $ 104    

2.750%, 01/15/2047 (A)

      50           77    

2.000%, 07/15/2024 (A)

      625           756    

1.250%, 01/15/2019 (A)

      485           532    

0.250%, 01/15/2020

      340           369    

0.250%, 07/15/2025 (A)

      1,170           1,240    

0.250%, 07/15/2025 (A)

      574           608    

Netherlands Government Bond

     

0.500%, 07/15/2026 (A)

      2,450           2,622    

NN Group

     

4.625%, 04/08/2044 (B)

      1,125           1,241    

Rabobank Capital Funding Trust IV

     

5.556%, 12/31/2019 (B)

  GBP     153           197    

Schaeffler Finance

     

2.500%, 05/15/2020

  EUR     315           339    

Shell International Finance

     

2.000%, 11/15/2018

  $     560           564    

Teva Pharmaceutical Finance Netherlands II

     

1.875%, 03/31/2027

  EUR     260           270    

Teva Pharmaceutical Finance Netherlands III

     

2.800%, 07/21/2023

  $     244           231    
     

 

 

 
        16,101    
     

 

 

 

New Zealand – 0.8%

     

New Zealand Government Bond

     

6.000%, 05/15/2021

  NZD     3,655           2,894    

5.500%, 04/15/2023

      320           255    

3.000%, 04/15/2020

      710           503    

Westpac Securities MTN

     

0.875%, 06/24/2019

  EUR     100           108    
     

 

 

 
        3,760    
     

 

 

 

Norway – 0.4%

     

DNB Bank

     

6.012%, 01/29/2049 (B)

  GBP     150           185    

Government of Norway

     

3.750%, 05/25/2021 (A)

  NOK     4,910           635    

2.000%, 05/24/2023 (A)

      3,320           401    

Kommunalbanken MTN

     

1.000%, 03/15/2018 (A)

  $     800           797    
     

 

 

 
        2,018    
     

 

 

 

Panama – 0.1%

     

Carnival

     

1.875%, 11/07/2022

      390           435    
     

 

 

 

Poland – 0.5%

     

Republic of Poland

     

3.250%, 07/25/2025

  PLN     3,687           867    

2.500%, 07/25/2018

      710           171    

Republic of Poland, Ser 1019

     

5.500%, 10/25/2019

      1,520           395    

Republic of Poland, Ser 1021

     

5.750%, 10/25/2021

      3,490           942    
 

 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    5


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

 
Description      

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

     

Republic of Poland, Ser E MTN

     

4.200%, 04/15/2020

  EUR     200            $ 239    
     

 

 

 
        2,614    
     

 

 

 

Portugal – 0.2%

     

Portugal Obrigacoes do Tesouro OT

     

2.875%, 10/15/2025 (A)

      1,197           1,197    
     

 

 

 

Romania – 0.0%

     

Romanian Government International Bond MTN

     

4.625%, 09/18/2020

      40           49    

3.625%, 04/24/2024

      20           23    
     

 

 

 
        72    
     

 

 

 

Saudi Arabia – 0.0%

     

Saudi Government International Bond MTN

     

2.375%, 10/26/2021 (A)

  $     275           267    
     

 

 

 

Singapore – 0.3%

     

Government of Singapore

     

4.000%, 09/01/2018

  SGD     495           358    

3.125%, 09/01/2022

      275           201    

3.000%, 09/01/2024

      329           237    

Lincoln Finance

     

6.875%, 04/15/2021

  EUR     275           315    

Temasek Financial I MTN

     

2.375%, 01/23/2023 (A)

  $     495           483    
     

 

 

 
        1,594    
     

 

 

 

Slovak Republic – 0.0%

     

Slovakia Government Bond

     

3.375%, 11/15/2024

  EUR     110           143    
     

 

 

 

Slovenia – 0.1%

     

Slovenia Government Bond

     

1.500%, 03/25/2035

      380           384    
     

 

 

 

South Africa – 0.3%

     

Republic of South Africa

     

10.500%, 12/21/2026

  ZAR     8,263           666    

8.000%, 01/31/2030

      8,625           568    
     

 

 

 
        1,234    
     

 

 

 

South Korea – 0.8%

     

Korea Treasury Bond

     

4.250%, 06/10/2021

  KRW     1,270,230           1,159    

4.000%, 12/10/2031

      465,320           477    

3.750%, 12/10/2033

      190,350           195    

3.500%, 03/10/2024

      731,070           665    

3.250%, 09/10/2018

      520,990           443    

3.000%, 09/10/2024

      186,630           164    

2.750%, 03/10/2018

      511,230           429    

 

 
Description      

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

     

2.750%, 12/10/2044

  KRW     260,400            $ 242    
     

 

 

 
        3,774    
     

 

 

 

Spain – 6.4%

     

Ayt Cedulas Cajas Global

     

4.750%, 05/25/2027

  EUR     400           561    

3.750%, 12/14/2022

      300           373    

Banco de Sabadell

     

0.875%, 11/12/2021

      400           432    

Banco Popular Espanol

     

3.750%, 01/22/2019

      100           114    

2.125%, 10/08/2019

      100           111    

Bankia

     

4.125%, 03/24/2036

      200           273    

BBVA International Preferred SAU

     

5.919%, 10/18/2008 (B)

  $     335           332    

CaixaBank

     

0.000%, 01/09/2018 (B)

  EUR     200           211    

Cirsa Funding Luxembourg

     

5.875%, 05/15/2023

      165           185    

5.750%, 05/15/2021

      100           113    

Ferrovial Emisiones MTN

     

3.375%, 06/07/2021

      475           561    

Fondo de Amortizacion del Deficit Electrico

     

4.125%, 03/17/2017

      200           213    

Government of Spain

     

6.000%, 01/31/2029

      465           726    

5.500%, 04/30/2021 (A)

      780           1,009    

4.700%, 07/30/2041 (A)

      464           697    

4.400%, 10/31/2023 (A)

      388           506    

4.200%, 01/31/2037 (A)

      475           667    

2.900%, 10/31/2046 (A)

      2,823           3,141    

2.750%, 10/31/2024 (A)

      3,863           4,581    

1.950%, 07/30/2030 (A)

      120           129    

1.600%, 04/30/2025 (A)

      241           263    

1.400%, 01/31/2020

      885           974    

1.300%, 10/31/2026 (A)

      3,577           3,746    

0.750%, 07/30/2021

      9,100           9,806    

Santander Consumer Finance MTN

     

0.900%, 02/18/2020

      300           321    

Santander Issuances SAU MTN

     

3.250%, 04/04/2026

      300           323    

Telefonica Emisiones MTN

     

5.375%, 02/02/2018

  GBP     185           239    
     

 

 

 
        30,607    
     

 

 

 

Supranational – 0.2%

     

International Bank for Reconstruction & Development MTN

     

2.800%, 01/13/2021

  AUD     1,230           894    
     

 

 

 
 

 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

 
Description      

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

     

Supra-National – 0.3%

     

European Investment Bank MTN

     

1.250%, 05/12/2025

  SEK     7,500            $ 833    

European Investment Bank

     

1.900%, 01/26/2026

  JPY     50,000           505    
     

 

 

 
        1,338    
     

 

 

 

Sweden – 0.5%

     

Kingdom of Sweden

     

3.500%, 03/30/2039

  SEK     545           82    

1.500%, 11/13/2023

      1,020           123    

1.000%, 11/12/2026

      1,270           146    

Kingdom of Sweden, Ser 1047

     

5.000%, 12/01/2020

      3,700           494    

Kingdom of Sweden, Ser 1052

     

4.250%, 03/12/2019

      5,275           643    

Nordea Bank MTN

     

4.000%, 03/29/2021

  EUR     255           308    

Skandinaviska Enskilda Banken

     

1.527%, 09/13/2019 (A)(B)

  $     200           200    

Stadshypotek MTN

     

4.250%, 10/10/2017

  AUD     600           440    

Vattenfall

     

3.000%, 03/19/2077 (B)

  EUR     175           166    
     

 

 

 
        2,602    
     

 

 

 

Switzerland – 1.4%

     

Credit Suisse Group

     

7.500%, 12/11/2048 (A)(B)

  $     270           282    

Credit Suisse Group Funding Guernsey

     

2.750%, 08/08/2025

  GBP     800           964    

Demeter Investments BV for Zurich Insurance MTN

     

3.500%, 10/01/2046 (B)

  EUR     1,500           1,635    

Dufry Finance

     

4.500%, 08/01/2023

      220           248    

Glencore Funding

     

4.625%, 04/29/2024 (A)

  $     143           146    

4.125%, 05/30/2023 (A)

      57           58    

Government of Switzerland

     

3.500%, 04/08/2033

  CHF     100           151    

3.000%, 05/12/2019

      160           172    

2.000%, 04/28/2021

      1,070           1,177    

2.000%, 05/25/2022

      110           124    

1.500%, 04/30/2042

      150           191    

1.250%, 06/11/2024

      585           646    

LafargeHolcim Finance US

     

3.500%, 09/22/2026 (A)

  $     200           195    

UBS Group Funding Jersey

     

4.125%, 09/24/2025 (A)

      220           224    

1.750%, 11/16/2022    

  EUR     427           471    
     

 

 

 
        6,684    
     

 

 

 

 

 
Description      

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

     

Thailand – 0.2%

     

Thailand Government Bond

     

4.875%, 06/22/2029

  THB     3,365            $ 111    

4.675%, 06/29/2044

      1,800           61    

3.650%, 12/17/2021

      16,020           478    

3.625%, 06/16/2023

      7,815           233    
     

 

 

 
        883    
     

 

 

 

Turkey – 0.1%

     

Turkey Government International Bond

     

5.125%, 05/18/2020

  EUR     235           267    
     

 

 

 

United Kingdom – 11.9%

     

Anglian Water Services Financing

     

6.875%, 08/21/2023

  GBP     230           377    

Arqiva Financing MTN

     

4.040%, 06/30/2020

      220           289    

Aviva MTN

     

3.375%, 12/04/2045 (B)

  EUR     1,000           1,036    

Bank of Scotland

     

7.281%, 05/29/2049 (B)

  GBP     950           1,389    

Barclays MTN

     

2.625%, 11/11/2025 (B)

  EUR     260           272    

1.875%, 03/23/2021

      2,010           2,189    

Barclays Bank MTN

     

10.000%, 05/21/2021

  GBP     180           283    

BAT International Finance MTN

     

5.375%, 06/29/2017

  EUR     425           460    

4.000%, 11/23/2055

  GBP     275           405    

0.875%, 10/13/2023

  EUR     625           658    

BP Capital Markets

     

1.627%, 09/26/2018 (B)

  $     110           111    

BP Capital Markets MTN

     

2.177%, 09/28/2021

  EUR     245           281    

British Telecommunications MTN

     

1.125%, 03/10/2023

      300           322    

Canary Wharf Finance II

     

6.455%, 04/22/2030

  GBP     14           26    

5.952%, 01/22/2035

      20           31    

Coventry Building Society MTN

     

4.625%, 04/19/2018

      230           299    

Delphi Automotive

     

1.500%, 03/10/2025

  EUR     420           443    

FCE Bank MTN

     

4.825%, 02/15/2017

  GBP     200           248    

HBOS Capital Funding

     

6.461%, 11/30/2049 (B)

      115           149    

Heathrow Funding MTN

     

1.875%, 05/23/2022

  EUR     750           849    

HSBC Holdings MTN

     

3.125%, 06/07/2028

      600           668    

Imperial Tobacco Finance MTN

     

3.375%, 02/26/2026

      400           493    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    7


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

 
Description      

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

     

International Game Technology

     

4.750%, 02/15/2023

      160            $ 184    

Lecta

     

6.500%, 08/01/2023 (A)

      113           122    

Lloyds Bank MTN

     

1.375%, 09/08/2022

      420           463    

1.000%, 11/19/2021

      300           327    

Lloyds Banking Group MTN

     

1.000%, 11/09/2023

      1,250           1,293    

National Grid Gas Finance MTN

     

1.125%, 09/22/2021

  GBP     1,450           1,783    

Nationwide Building Society MTN

     

4.625%, 02/08/2021

  EUR     550           689    

4.125%, 03/20/2023 (B)

      295           323    

0.500%, 10/29/2019

      345           367    

Northumbrian Water Finance

     

6.875%, 02/06/2023

  GBP     190           304    

Rio Tinto Finance MTN

     

4.000%, 12/11/2029

      165           235    

Royal Bank of Scotland MTN

     

5.500%, 03/23/2020

  EUR     675           827    

3.875%, 10/19/2020

      123           148    

Royal Bank of Scotland Group

     

7.640%, 09/29/2017 (B)

  $     200           186    

Royal Bank of Scotland Group MTN

     

2.500%, 03/22/2023

  EUR     260           279    

Santander UK MTN

     

4.250%, 04/12/2021

      350           435    

1.125%, 01/14/2022

      330           357    

Santander UK

     

6.222%, 05/29/2049 (B)

  GBP     170           208    

Sky MTN

     

1.500%, 09/15/2021

  EUR     355           390    

Standard Chartered

     

6.409%, 01/30/2049 (A)(B)

  $     500           383    

TSB Banking Group MTN

     

5.750%, 05/06/2026 (B)

  GBP     104           134    

United Kingdom Gilt

     

4.500%, 09/07/2034

      120           211    

4.500%, 12/07/2042

      1,500           2,869    

4.250%, 12/07/2027

      125           200    

4.250%, 06/07/2032

      2,300           3,858    

4.250%, 06/07/2032

      110           185    

3.750%, 07/22/2052

      135           255    

3.500%, 01/22/2045

      1,060           1,774    

3.250%, 01/22/2044

      910           1,453    

2.500%, 07/22/2065

      2,011           3,157    

2.250%, 09/07/2023

      2,510           3,393    

2.000%, 09/07/2025

      4,228           5,614    

1.750%, 07/22/2019

      1,155           1,487    

1.500%, 01/22/2021

      875           1,128    

1.250%, 07/22/2018

      830           1,045    

 

 
Description      

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

     

0.500%, 07/22/2022

  GBP     1,320            $ 1,613    

United Kingdom Treasury

     

4.750%, 12/07/2030

      1,035           1,796    

4.250%, 03/07/2036

      595           1,031    

4.250%, 09/07/2039

      1,170           2,092    

4.250%, 12/07/2040

      500           905    

4.250%, 12/07/2046

      530           1,015    

Virgin Media Secured Finance

     

5.500%, 01/15/2021

      300           409    

Wales & West Utilities Finance

     

6.250%, 11/30/2021

      240           365    

Western Power Distribution West Midlands

     

3.875%, 10/17/2024

      230           322    
     

 

 

 
        56,892    
     

 

 

 

United States – 6.6%

     

21st Century Fox America

     

4.500%, 02/15/2021

  $     75           80    

Adient Global Holdings

     

3.500%, 08/15/2024 (A)

  EUR     110           118    

Aetna

     

2.800%, 06/15/2023

  $     250           246    

2.750%, 11/15/2022

      40           40    

Altria Group

     

4.750%, 05/05/2021

      180           196    

4.250%, 08/09/2042

      265           261    

American Express Credit

     

0.625%, 11/22/2021

  EUR     367           390    

American International Group

     

5.750%, 03/15/2067 (B)

  GBP     150           186    

Amgen

     

1.250%, 02/25/2022

      550           599    

Anthem

     

4.650%, 01/15/2043

  $     110           110    

2.300%, 07/15/2018

      150           151    

AT&T

     

4.875%, 06/01/2044

  GBP     130           190    

Bank of America MTN

     

5.500%, 11/22/2021

      225           320    

2.375%, 06/19/2024

  EUR     835           960    

0.234%, 09/14/2018 (B)

      375           396    

Becton Dickinson

     

1.900%, 12/15/2026

      282           306    

Berkshire Hathaway

     

1.125%, 03/16/2027

      297           307    

0.500%, 03/13/2020

      570           609    

Carnival

     

1.625%, 02/22/2021

      180           199    

CenturyLink

     

7.500%, 04/01/2024

  $     130           136    

Charter Communications Operating

     

4.908%, 07/23/2025

      375           395    
 

 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

     

3.579%, 07/23/2020

  $     180            $ 184    

Citigroup MTN

     

1.500%, 10/26/2028

  EUR     1,400           1,428    

Coca-Cola

     

1.100%, 09/02/2036

      145           138    

ConocoPhillips

     

5.750%, 02/01/2019

  $     420           451    

CSAIL Commercial Mortgage Trust, Ser 2015-C1, Cl XA, IO

     

0.958%, 04/15/2050 (B)

      1,464           81    

DH Europe Finance

     

1.700%, 01/04/2022

      535           601    

Diamond Offshore Drilling

     

4.875%, 11/01/2043

      270           192    

Discovery Communications

     

1.900%, 03/19/2027

  EUR     242           247    

FedEx

     

1.000%, 01/11/2023

      560           598    

FNMA Connecticut Avenue Securities, Ser 2016-C06, Cl 1M1

     

2.056%, 04/25/2029 (B)

  $     605           606    

FNMA Connecticut Avenue Securities, Ser 2016-C07, Cl 2M2

     

5.106%, 04/25/2029 (B)

      153           158    

GE Capital European Funding Unlimited MTN

     

2.250%, 07/20/2020

  EUR     1,300           1,479    

General Electric

     

1.875%, 05/28/2027

      300           342    

Goldman Sachs Group

     

4.750%, 10/12/2021

      1,000           1,238    

2.625%, 04/25/2021

  $     425           422    

Goldman Sachs Group MTN

     

3.000%, 02/12/2031

  EUR     926           1,060    

2.000%, 07/27/2023

      900           1,003    

1.625%, 07/27/2026

      825           863    

HCA

     

5.250%, 06/15/2026

      35           36    

Hertz Holdings Netherlands

     

4.125%, 10/15/2021

      160           171    

4.125%, 10/15/2021 (A)

      114           121    

Hess

     

4.300%, 04/01/2027

  $     488           486    

Honeywell International

     

1.300%, 02/22/2023

      240           263    

HSBC Holdings

     

2.950%, 05/25/2021

      375           375    

JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl A3A1

     

3.538%, 09/15/2047

      185           190    

JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A3

     

2.912%, 10/15/2048

      200           196    

 

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

 

 

GLOBAL BONDS (continued)

     

JPMorgan Chase

     

3.200%, 06/15/2026

  $     425            $ 416    

JPMorgan Chase MTN

     

0.816%, 05/30/2017 (B)

  GBP     100           123    

Lam Research

     

2.800%, 06/15/2021

  $     359           357    

Mastercard

     

1.100%, 12/01/2022

  EUR     445           483    

Mellon Capital III

     

1.875%, 09/05/2066 (B)

  GBP     300           350    

Molson Coors Brewing

     

1.250%, 07/15/2024

  EUR     1,710           1,801    

Morgan Stanley

     

1.875%, 03/30/2023

      490           549    

Morgan Stanley MTN

     

1.750%, 01/30/2025

      830           904    

1.000%, 12/02/2022

      345           368    

National Capital Trust I(B)

     

5.620%, 12/17/2018 (A)

  GBP     35           45    

5.620%, 09/29/2049

      150           191    

Nordea Bank MTN

     

2.250%, 05/27/2021 (A)

  $     425           416    

Odebrecht Finance

     

7.125%, 06/26/2042

      280           163    

Philip Morris International MTN

     

2.875%, 03/03/2026

  EUR     335           409    

1.875%, 03/03/2021

      300           338    

PNC Bank

     

2.700%, 11/01/2022

  $     445           438    

PNC Funding

     

5.125%, 02/08/2020

      300           325    

3.300%, 03/08/2022

      150           154    

Priceline Group

     

1.800%, 03/03/2027

      146           149    

Prologis International Funding II MTN

     

2.875%, 04/04/2022

  EUR     220           255    

Prudential Financial

     

5.625%, 06/15/2043 (B)

  $     125           130    

Republic Services

     

4.750%, 05/15/2023

      155           169    

S&P Global

     

4.400%, 02/15/2026

      313           331    

Sabine Pass Liquefaction

     

5.625%, 04/15/2023

      195           207    

Seagate HDD Cayman

     

4.750%, 06/01/2023

      101           100    

4.750%, 01/01/2025

      123           117    

Societe Generale MTN

     

2.500%, 04/08/2021 (A)

      500           495    

Thermo Fisher Scientific

     

1.500%, 12/01/2020

      426           468    

0.750%, 09/12/2024

      155           158    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    9


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

 

United Technologies

     

1.125%, 12/15/2021

    $       390            $ 426    

Vale Overseas

     

5.875%, 06/10/2021

      169           177    

Valeant Pharmaceuticals International

     

4.500%, 05/15/2023 (A)

    EUR       170           129    

Verizon Communications

     

2.625%, 12/01/2031

      150           169    

Wells Fargo MTN

     

4.600%, 04/01/2021

    $       75           81    

1.375%, 10/26/2026

    EUR       175           184    

Wells Fargo Bank MTN

     

5.250%, 08/01/2023

    GBP       350           511    

ZF North America Capital

     

2.750%, 04/27/2023

    EUR       200           222    
     

 

 

 
        31,432    
     

 

 

 

Total Global Bonds
(Cost $474,897) ($ Thousands)

        445,381    
     

 

 

 

MORTGAGE-BACKED SECURITIES – 2.7%

 

Agency Mortgage-Backed Obligations – 0.4%

 

FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN1, Cl M1

     

1.584%, 02/25/2024 (B)

    $       82           82    

FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-HQ2, Cl M1

     

2.034%, 09/25/2024 (B)

      120           120    

FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA1, Cl M2

     

2.434%, 10/25/2027 (B)

      490           497    

FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA2, Cl M2

     

3.184%, 12/25/2027 (B)

      185           189    

FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-HQ2, Cl M1

     

1.684%, 05/25/2025 (B)

      138           138    

FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-HQA2, Cl M2

     

3.556%, 05/25/2028 (B)

      270           276    

FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA1, Cl M2

     

3.325%, 07/25/2028 (B)

      276           284    

 

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

 

 

MORTGAGE-BACKED SECURITIES (continued)

 

FHLMC Structured Agency Credit Risk Debt Notes,
Ser 2016-HQA1, Cl M3

     

7.106%, 09/25/2028 (B)

    $       250            $ 288    
     

 

 

 
        1,874    
     

 

 

 

Non-Agency Mortgage-Backed Obligations – 2.3%

 

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

     

5.492%, 02/10/2051

      104           106    

Banc of America Commercial Mortgage, Ser 2015-UBS7, Cl A4

     

3.705%, 09/15/2048

      180           187    

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

     

3.189%, 09/25/2034 (B)

      36           34    

Bear Stearns Commercial Mortgage Securities, Ser 2006-PW13, Cl AJ

     

5.611%, 09/11/2041 (B)

      25           25    

Citigroup Commercial Mortgage Trust, Ser 2012-GC8, Cl A4

     

3.024%, 09/10/2045

      125           128    

Citigroup Commercial Mortgage Trust, Ser 2014-GC19, Cl D

     

5.066%, 03/10/2047 (A)(B)

      20           17    

Citigroup Commercial Mortgage Trust, Ser 2015-GC29, Cl A3

     

2.935%, 04/10/2048

      30           30    

Citigroup Commercial Mortgage Trust, Ser 2015-GC29, Cl A4

     

3.192%, 04/10/2048

      15           15    

Citigroup Commercial Mortgage Trust, Ser 2015-GC31, Cl A4

     

3.762%, 06/10/2048

      175           183    

Citigroup Commercial Mortgage Trust, Ser 2015-GC35, Cl A4

     

3.818%, 11/10/2048

      55           58    

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

     

2.972%, 05/25/2035 (B)

      373           346    

COMM Mortgage Trust, Ser 2008-LS1, Cl A4B

     

6.298%, 12/10/2049 (B)

      188           192    

COMM Mortgage Trust, Ser 2012-CR1, Cl A3

     

3.391%, 05/15/2045

      15           16    

COMM Mortgage Trust, Ser 2012-CR4, Cl A3

     

2.853%, 10/15/2045

      130           131    

COMM Mortgage Trust, Ser 2012-CR5, Cl A3

     

2.540%, 12/10/2045

      125           124    

COMM Mortgage Trust,
Ser 2012-CRE4, Cl XA, IO

     

2.059%, 10/15/2045 (B)

      169           12    

COMM Mortgage Trust, Ser 2012-LC4, Cl A4

     

3.288%, 12/10/2044

      120           125    
 

 

 

10    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

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

 

 

MORTGAGE-BACKED SECURITIES (continued)

 

COMM Mortgage Trust, Ser 2013-CCRE9, Cl A4

     

4.238%, 07/10/2045 (B)

 

$

    90            $ 98    

COMM Mortgage Trust, Ser 2013-CR10, Cl A4

     

4.210%, 08/10/2046 (B)

      80           86    

COMM Mortgage Trust, Ser 2013-CR6, Cl D

     

4.310%, 03/10/2046 (A)(B)

      515           461    

COMM Mortgage Trust, Ser 2013-CR6, Cl A4

     

3.101%, 03/10/2046

      135           137    

COMM Mortgage Trust, Ser 2013-CR8, Cl A4

     

3.334%, 06/10/2046

      205           211    

COMM Mortgage Trust, Ser 2013-CR9, Cl A3

     

4.022%, 07/10/2045

      50           53    

COMM Mortgage Trust, Ser 2013-LC13, Cl A5

     

4.205%, 09/10/2023

      45           49    

COMM Mortgage Trust, Ser 2014-CCRE14, Cl A3

     

3.955%, 02/10/2047

      70           74    

COMM Mortgage Trust, Ser 2014-CR19, Cl A5

     

3.796%, 08/10/2047

      180           189    

COMM Mortgage Trust, Ser 2014-CR21, Cl A3

     

3.528%, 12/10/2047

      75           77    

COMM Mortgage Trust, Ser 2014-UBS2, Cl A5

     

3.961%, 03/10/2047

      25           26    

COMM Mortgage Trust, Ser 2014-UBS4, Cl A5

     

3.694%, 08/10/2047

      165           171    

COMM Mortgage Trust, Ser 2015-3BP, Cl A

     

3.178%, 02/10/2035 (A)

      100           100    

COMM Mortgage Trust, Ser 2015-CR23, Cl A4

     

3.497%, 05/10/2048

      80           82    

COMM Mortgage Trust, Ser 2015-CR24, Cl A5

     

3.696%, 08/10/2048

      90           93    

COMM Mortgage Trust, Ser 2015-DC1, Cl A5

     

3.350%, 02/10/2048

      155           156    

COMM Mortgage Trust, Ser 2015-LC19, Cl A4

     

3.183%, 02/10/2048

      70           71    

COMM Mortgage Trust, Ser 2015-PC1, Cl A4

     

3.620%, 07/10/2050

      50           51    

Commercial Mortgage Pass Through Certificates, Ser 2012-CR3, Cl A3

     

2.822%, 10/15/2045

      70           71    

Commercial Mortgage Pass Through Certificates, Ser CR14, Cl XA, IO

     

0.988%, 02/10/2047 (B)

      683           23    

Commercial Mortgage Pass-Through Certificates, Ser 2008-C1, Cl A3

     

6.266%, 02/15/2041 (B)

      55           56    

Commercial Mortgage Trust, Ser 2007-GG9, Cl AM

     

5.475%, 03/10/2039

      238           237    

Credit Suisse Commercial Mortgage Trust, Ser 2007-C3, Cl A4

     

5.877%, 06/15/2039 (B)

      99           100    

 

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

 

 

MORTGAGE-BACKED SECURITIES (continued)

 

Credit Suisse First Boston Mortgage Securities, Ser 2005-C2, Cl AMFX

     

4.877%, 04/15/2037

 

$

    25         $ 24    

CSAIL Commercial Mortgage Trust, Ser 2015-C2, Cl XA, IO

     

1.055%, 06/15/2057 (B)

      535           27    

CSAIL Commercial Mortgage Trust, Ser 2015-C3, Cl D

     

3.508%, 08/15/2048 (B)

      75           56    

CSAIL Commercial Mortgage Trust, Ser 2015-C3, Cl A4

     

3.691%, 08/15/2048

      160           167    

CSAIL Commercial Mortgage Trust, Ser 2015-C4, Cl A4

     

3.808%, 11/15/2048

      155           161    

CSAIL Commercial Mortgage Trust, Ser 2016-C5, Cl XA, IO

     

1.210%, 11/15/2048 (B)

      996           62    

FNMA Connecticut Avenue Securities, Ser 2013-C01, Cl M1

     

2.584%, 10/25/2023 (B)

      51           51    

FNMA Connecticut Avenue Securities, Ser 2014-C01, Cl M1

     

2.184%, 01/25/2024 (B)

      368           369    

FNMA Connecticut Avenue Securities, Ser 2014-C02, Cl 2M1

     

1.534%, 05/25/2024 (B)

      6           6    

FNMA Connecticut Avenue Securities, Ser 2014-C04, Cl 2M1

     

2.684%, 11/25/2024 (B)

      5           5    

FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 2M1

     

1.792%, 05/25/2025 (B)

      14           14    

FNMA Connecticut Avenue Securities, Ser 2016-C02, Cl 1M1

     

2.588%, 09/25/2028 (B)

      433           437    

FNMA Connecticut Avenue Securities, Ser 2016-C04, Cl 1M2

     

5.006%, 01/25/2029 (B)

      95           98    

FNMA Connecticut Avenue Securities, Ser 2016-C05, Cl 2M1

     

2.106%, 01/25/2029 (B)

      152           153    

GE Commercial Mortgage Trust, Ser 2007-C1, Cl AM

     

5.606%, 12/10/2049 (B)

      35           35    

GS Mortgage Securities II, Ser 2007-GG10, Cl A4

     

5.793%, 08/10/2045 (B)

      128           129    

GS Mortgage Securities II, Ser 2012-ALOH, Cl A

     

3.551%, 04/10/2034 (A)

      100           105    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    11


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

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

 

 

MORTGAGE-BACKED SECURITIES (continued)

 

   

GS Mortgage Securities II, Ser 2015-GC30, Cl A4

       

3.382%, 05/10/2050

  $     160       $       162    

GS Mortgage Securities Trust, Ser 2011-GC5, Cl XA, IO

       

1.537%, 08/10/2044 (A)(B)

      337           17    

GS Mortgage Securities Trust, Ser 2013-GC13, Cl XA, IO

       

0.260%, 07/10/2046 (B)

      2,784           17    

GS Mortgage Securities Trust, Ser 2014-GC18, Cl A4

       

4.074%, 01/10/2047

      175           186    

GS Mortgage Securities Trust, Ser 2014-GC20, Cl D

       

5.029%, 04/10/2047 (A)(B)

      80           55    

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

       

2.763%, 01/25/2035 (B)

      92           87    

JPMBB Commercial Mortgage Securities Trust, Ser 2014-C23, Cl XA, IO

       

0.996%, 09/15/2047 (B)

      978           35    

JPMBB Commercial Mortgage Securities Trust, Ser 2015-C27, Cl A4

       

3.179%, 02/15/2048

      25           25    

JPMorgan Chase Commercial Mortgage Securities, Ser 2007-C1, Cl A4

       

5.716%, 02/15/2051

      34           34    

JPMorgan Chase Commercial Mortgage Securities, Ser 2008-C2, Cl A4

       

6.068%, 02/12/2051

      27           27    

JPMorgan Chase Commercial Mortgage Securities, Ser 2008-C2, Cl A4FL

       

2.038%, 02/12/2051 (B)

      305           292    

JPMorgan Chase Commercial Mortgage Securities, Ser 2012-C8, Cl A3

       

2.829%, 10/15/2045

      135           137    

JPMorgan Chase Commercial Mortgage Securities, Ser 2012-LC9, Cl A5

       

2.840%, 12/15/2047

      135           137    

JPMorgan Chase Commercial Mortgage Securities, Ser 2014-INN, Cl A

       

1.624%, 06/15/2029 (A)(B)

      130           130    

JPMorgan Mortgage Trust, Ser 2004-A5, Cl 3A1

       

2.839%, 12/25/2034 (B)

      72           72    

LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A2

       

6.286%, 04/15/2041 (B)

      39           40    

LSTAR Commercial Mortgage Trust, Ser 2016-4, Cl A2

       

2.458%, 03/10/2049 (A)

      159           154    

ML-CFC Commercial Mortgage Trust, Ser 2007-5, Cl AM

       

5.419%, 08/12/2048

      21           21    

 

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

 

 

MORTGAGE-BACKED SECURITIES (continued)

 

   

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C5, Cl A4

       

3.176%, 08/15/2045

  $     40       $     41    

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl A4

       

2.858%, 11/15/2045

      100           102    

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C10, Cl A4

       

4.220%, 07/15/2046 (B)

      175           187    

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C12, Cl A4

       

4.259%, 10/15/2046 (B)

      65           70    

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C13, Cl A3

       

3.766%, 11/15/2046

      130           136    

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C14, Cl A5

       

4.064%, 02/15/2047

      25           27    

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C19, Cl A4

       

3.526%, 12/15/2047

      55           56    

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C20, Cl A4

       

3.249%, 02/15/2048

      65           65    

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C22, Cl A4

       

3.306%, 04/15/2048

      60           60    

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C26, Cl XA, IO

       

1.269%, 10/15/2048 (B)

      134           9    

Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2016-C31, Cl A5

       

3.102%, 11/15/2049

      175           172    

Morgan Stanley Capital I Trust, Ser 2006-T21, Cl E

       

5.402%, 10/12/2052 (A)(B)

      10           6    

Morgan Stanley Capital I Trust, Ser 2006-T21, Cl D

       

5.402%, 10/12/2052 (A)(B)

      15           12    

Morgan Stanley Capital I Trust, Ser 2008-TOP29, Cl D

       

6.477%, 01/11/2043 (A)(B)

      35           35    

Morgan Stanley Capital I Trust, Ser 2012-C4, Cl A4

       

3.244%, 03/15/2045

      140           145    

Morgan Stanley Re-REMIC Trust, Ser 2010-GG10, Cl A4A

       

5.988%, 08/15/2045 (A)(B)

      152           153    

SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A1

       

3.872%, 01/05/2043 (A)(B)

      135           133    
 

 

 

12    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

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

 

 

MORTGAGE-BACKED SECURITIES (continued)

 

   

UBS-Barclays Commercial Mortgage Trust, Ser 2012-C3, Cl A4

       

3.091%, 08/10/2049

  $     40       $       41    

UBS-Barclays Commercial Mortgage Trust, Ser 2013-C5, Cl A4

       

3.185%, 03/10/2046

      130           133    

UBS-Barclays Commercial Mortgage Trust, Ser 2013-C6, Cl A3

       

2.971%, 04/10/2046

      70           71    

UBS-Barclays Commercial Mortgage Trust, Ser 2013-C6, Cl A4

       

3.244%, 04/10/2046

      165           169    

Wells Fargo Commercial Mortgage Trust, Ser 2015-C29, Cl A4

       

3.637%, 06/15/2048

      180           186    

Wells Fargo Commercial Mortgage Trust, Ser 2015-C30, Cl A3

       

3.411%, 09/15/2058

      165           168    

Wells Fargo Commercial Mortgage Trust, Ser 2015-LC22, Cl A4

       

3.839%, 09/15/2058

      35           37    

Wells Fargo Commercial Mortgage Trust, Ser 2015-NXS1, Cl D

       

4.241%, 05/15/2048 (B)

      65           51    

Wells Fargo Commercial Mortgage Trust, Ser 2016-C32, Cl A4

       

3.560%, 01/15/2059

      170           174    

WFRBS Commercial Mortgage Trust, Ser 2011-C5, Cl A4

       

3.667%, 11/15/2044

      45           47    

WFRBS Commercial Mortgage Trust, Ser 2012-C10, Cl A3

       

2.875%, 12/15/2045

      195           197    

WFRBS Commercial Mortgage Trust, Ser 2012-C6, Cl D

       

5.776%, 04/15/2045 (A)(B)

      55           55    

WFRBS Commercial Mortgage Trust, Ser 2012-C8, Cl A3

       

3.001%, 08/15/2045

      20           20    

WFRBS Commercial Mortgage Trust, Ser 2012-C9, Cl A3

       

2.870%, 11/15/2045

      75           76    

WFRBS Commercial Mortgage Trust, Ser 2014-C19, Cl A5

       

4.101%, 03/15/2047

      160           171    

WFRBS Commercial Mortgage Trust, Ser 2014-C20, Cl A5

       

3.995%, 05/15/2047

      100           106    

WFRBS Commercial Mortgage Trust, Ser 2014-C24, Cl A5

       

3.607%, 11/15/2047

      75           77    

 

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

 

 

MORTGAGE-BACKED SECURITIES (continued)

 

WFRBS Commerical Mortgage Trust, Ser 2013-C15, Cl A3

       

3.881%, 08/15/2046

  $       70         $       74    
     

 

 

 
          11,190    
     

 

 

 

Total Mortgage-Backed Securities
(Cost $13,245) ($ Thousands)

          13,064    
     

 

 

 

CORPORATE OBLIGATIONS – 0.8%

 

   

United States – 0.8%

       

Allison Transmission

       

5.000%, 10/01/2024 (A)

      290           293    

CenturyLink

       

6.450%, 06/15/2021

      144           152    

Cheniere Corpus Christi Holdings

       

5.875%, 03/31/2025 (A)

      189           193    

CNA Financial

       

7.250%, 11/15/2023

      110           130    

Cox Communications

       

2.950%, 06/30/2023 (A)

      127           120    

Diamond 1 Finance

       

5.450%, 06/15/2023 (A)

      240           255    

4.420%, 06/15/2021 (A)

      240           248    

General Motors Financial

       

2.236%, 04/10/2018 (B)

      328           330    

Hewlett Packard Enterprise

       

4.900%, 10/15/2025 (A)

      350           360    

Mylan

       

3.950%, 06/15/2026

      79           74    

Nabors Industries

       

5.500%, 01/15/2023 (A)

      187           195    

Navient MTN

       

5.500%, 01/15/2019

      248           257    

Pioneer Natural Resources

       

4.450%, 01/15/2026

      75           79    

Sprint Spectrum

       

3.360%, 09/20/2021 (A)

      246           246    

Transocean

       

9.000%, 07/15/2023 (A)

      280           287    

Western Digital

       

7.375%, 04/01/2023 (A)

      265           291    
     

 

 

 
          3,510    
     

 

 

 

Total Corporate Obligations
(Cost $3,427) ($ Thousands)

          3,510    
     

 

 

 

U.S. TREASURY OBLIGATIONS – 0.6%

 

   

U.S. Treasury Bond

       

2.500%, 02/15/2046

      508           451    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    13


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

 

 

Description

        Face Amount
(Thousands)
          Market Value
($ Thousands)
 

 

 

U.S. TREASURY OBLIGATIONS (continued)

 

   

U.S. Treasury Inflation Indexed Bonds

       

0.250%, 01/15/2025

    $       1,934         $       1,902    

0.125%, 04/15/2018

      282           285    

0.125%, 04/15/2019

      93           94    
     

 

 

 

Total U.S. Treasury Obligations
(Cost $2,794) ($ Thousands)

 

        2,732    
     

 

 

 

ASSET-BACKED SECURITY – 0.0%

 

   

Other Asset-Backed Securities – 0.0%

 

   

Volta Electricity Receivables, Ser 2013-1, Cl SNR

       

4.172%, 02/16/2017

    EUR       15           16    
     

 

 

 

Total Asset-Backed Security
(Cost $19) ($ Thousands)

          16    
     

 

 

 

Total Investments – 97.0%
(Cost $494,382) ($ Thousands) @

 

      $       464,703    
     

 

 

 

A list of the open futures contracts held by the Fund at December 31, 2016, is as follows:

 

 

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

 

 

Australian 10-Year Bond

          Mar-2017       $3  

Australian 3-Year Bond

    67       Mar-2017       (10)  

Canadian 10-Year Bond

    (8)       Mar-2017       11  

Euro

    (180)       Mar-2017       236  

Euro-Bob

    (24)       Mar-2017       (42)  

Euro-Bond

    (17)       Mar-2017       (39)  

Euro-BTP

    (9)       Mar-2017       (17)  

Euro-Bund

    3       Mar-2017        

Euro-Buxl 30 Year Bond

    (2)       Mar-2017       (7)  

Euro-OAT 10 Year Bond

    8       Mar-2017       (7)  

Japanese 10-Year Bond

    3       Mar-2017       3  

Japanese 10-Year MINI

    81       Mar-2017       8  

Long Gilt 10-Year Bond

    (11)       Mar-2017       (45)  

U.S. 10-Year Treasury Note

    (83)       Mar-2017       (16)  

U.S. 2-Year Treasury Note

    (43)       Apr-2017       9  

U.S. 5-Year Treasury Note

    75       Mar-2017       (54)  

U.S. Long Treasury Bond

    2       Mar-2017       10  

U.S. Ultra Long Treasury Bond

    (30)       Mar-2017       48  

Ultra 10-Year U.S. Treasury Bond

    (8)       Mar-2017       3  
     

 

 

 
        $94  
     

 

 

 

For the period ended December 31, 2016, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

A list of the forward foreign currency contracts held by the Fund at December 31, 2016, is as follows:

 

 

 

Settlement

Date

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

 

 

01/04/17-02/03/17

    USD       1,136       DKK       7,954       $(7)  

01/04/17

    USD       1,706       BRL       6,397       259  

01/04/17-02/03/17

    USD       4,828       CAD       6,405       (50)  

01/04/17-02/03/17

    NZD       7,946       USD       5,620       82  

01/04/17-02/03/17

    USD       10,870       GBP       8,679       (143)  

01/04/17-02/03/17

    USD       12,140       JPY       1,395,549       (164)  

01/04/17-02/23/17

    SEK       23,301       USD       2,551       (18)  

01/04/17-02/03/17

    AUD       31,225       USD       23,229       630  

01/04/17-02/02/17

    BRL       39,219       USD       11,194       (813)  

01/04/17-02/03/17

    CAD       44,679       USD       33,357       30  

01/04/17-02/03/17

    GBP       58,069       USD       72,275       506  

01/04/17-02/03/17

    JPY       17,110,568       USD       150,387       3,568  

01/05/17-01/09/17

    PLN       10,300       USD       2,611       143  

01/09/17

    USD       435       NOK       3,642       (12)  

01/09/17

    ILS       1,368       USD       357       1  

01/09/17-02/03/17

    CHF       2,929       USD       2,896       13  

01/09/17-03/14/17

    SGD       6,611       USD       4,633       58  

01/09/17-02/03/17

    USD       9,548       EUR       8,991       (58)  

01/09/17

    NOK       12,796       USD       1,494       8  

01/09/17

    CZK       13,857       USD       545       4  

01/09/17-01/31/17

    ZAR       17,991       USD       1,278       (34)  

01/09/17

    MXN       24,420       USD       1,177       (7)  

01/09/17

    THB       31,313       USD       880       6  

01/09/17-02/03/17

    EUR       185,955       USD       198,978       2,714  

01/09/17-01/10/17

    KRW       4,860,090       USD       4,149       124  

01/10/17

    USD       263       CHF       270       3  

01/10/17-01/11/17

    USD       264       MXN       5,461       1  

01/10/17-01/10/17

    USD       394       NZD       553       (9)  

01/10/17-01/19/17

    USD       1,315       AUD       1,776       (29)  

01/10/17-01/10/17

    USD       1,371       SEK       12,636       20  

01/11/17

    USD       1,125       MXN       22,944       (12)  

01/11/17

    MXN       87,434       USD       4,297       57  

01/17/17

    USD       1,871       RUB       121,754       118  

01/17/17

    RUB       62,343       USD       1,007       (12)  

01/18/17

    USD       3,570       CZK       92,000       25  

02/03/17

    USD       90       SGD       130        

02/03/17-04/01/17

    USD       186       ZAR       2,545       (2)  

02/03/17-02/03/17

    USD       242       KRW       292,160        

02/03/17

    DKK       1,331       USD       189        

02/08/17

    USD       375       TRY       1,328        

02/08/17

    TRY       1,326       USD       382       7  

03/08/17-06/16/17

    USD       431       ARS       7,617       16  

03/14/17

    USD       941       IDR       12,665,842       (11)  
         

 

 

 
            $7,012  
         

 

 

 
 

 

 

14    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Continued)

 

A list of the counterparties for the open forward foreign currency contracts held by the Fund at December 31, 2016, is as follows:

 

 

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

 

 

ANZ

    $(2,788)       $2,751       $(37)  

Bank of America

    (26,788)       27,514       726  

Barclays PLC

    (23,108)       23,428       320  

BIC

    (61,012)       62,061       1,049  

BMO Capital

    (23,950)       24,552       602  

BNP Paribas

    (15,890)       15,835       (55)  

Brown Brothers Harriman

    (27,237)       26,695       (542)  

BT Brokerage

    (21,316)       21,499       183  

Citigroup

    (113,170)       115,267       2,097  

Commonwealth Bank Of Australia

    (1,410)       1,438       28  

Credit Agricole

    (107)       110       3  

Credit Suisse First Boston

    (4,071)       4,166       95  

Goldman Sachs

    (5,192)       5,582       390  

HSBC

    (59,083)       59,191       108  

 

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

 

 

ITG

    $(190)       $212       $22  

JPMorgan Chase Bank

    (16,290)       16,273       (17)  

Merrill Lynch

    (943)       923       (20)  

Morgan Stanley

    (38,960)       39,293       333  

National Australia Capital Markets

    (923)       936       13  

Nomura Securities International

    (945)       945        

RBC

    (9,567)       9,563       (4)  

Royal Bank of Scotland

    (1,908)       1,886       (22)  

Societe Generale

    (32,961)       33,989       1,028  

Standard Chartered

    (6,636)       6,678       42  

State Street

    (69,835)       70,448       613  

UBS

    (5,240)       5,297       57  
     

 

 

 
        $7,012  
     

 

 

 

For the period ended December 31, 2016, 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 period.

 

A list of open OTC swap agreements held by the Fund at December 31, 2016, are as follows:

 

 

 
Credit Default Swaps  

 

 
Counterparty    Reference Entity/Obligation     Buy/Sell Protection     (Pays)/Receives Rate    

Termination

Date

    Notional
Amount
($ Thousands)
    Net Unrealized  
Appreciation  
Depreciation  
($ Thousands)  
 

 

 

 Credit Suisse

    Cmbx.Na.Bb.6       SELL       3.00       05/11/49      $ (130)         $ -    

 Credit Suisse

    Cmbx.Na.Bb.6       SELL       5.00       05/11/49       (370)         14    

 Credit Suisse

    Cmbx.Na.Bb.6       SELL       5.00       05/11/49       (240)         (1)    

 Credit Suisse

    Cmbx.Na.Bbb-.6       SELL       3.00       05/11/49       (373)         7    

 Credit Suisse

    Cmbx.Na.Bbb-.6       SELL       3.00       05/11/49       (127)         2    

 Credit Suisse

    Cmbx.Na.Bbb-.6       SELL       3.00       05/11/49       (134)         1    

 Credit Suisse

    Cmbx.Na.Bbb-.6       SELL       3.00       05/11/49       (460)         10    

 Deutsche Bank

    Cmbx.Na.Bbb-.6       SELL       3.00       05/11/49       (406)         7    
           

 

 

 
               $ 40    
           

 

 

 

A list of open centrally cleared swap agreements held by the Fund at December 31, 2016, are as follows:

 

 

 
Interest Rate Swaps  

 

 
Counterparty    Fund Pays   Fund Receives   Termination Date   Currency   Notional Amount
(Thousands)
    Net Unrealized  
Appreciation  
($ Thousands)  
 

 

 

Morgan Stanley

   2.13%   3-Month USD - LIBOR   11/09/25     USD     2,240        $ 27    
            

 

 

 

For the period ended December 31, 2016, 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 period.

 

  Percentages are based on Net Assets of $479,304 ($ Thousands).

 

(A) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On December 31, 2016, the value of these securities amounted to $48,898 ($ Thousands), representing 10.2% of the net assets of the Fund.

 

(B) Variable Rate Security – The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2016.

 

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

@ At December 31, 2016, the tax basis cost of the Fund’s investments was $494,382 ($ Thousands), and the unrealized appreciation and depreciation were $3,687 ($ Thousands) and $(33,366) ($ Thousands), respectively.

ARS – Argentine Peso

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CHF – Swiss Franc

Cl – Class

COP – Colombian Peso

CPI – Consumer Price Index

CZK – Czech Koruna

DKK – Danish Krone

EUR – Euro

FHLMC – Federal Home Loan Mortgage Corporation

FNMA – Federal National Mortgage Association

GBP – British Pound Sterling

 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    15


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

International Fixed Income Fund (Concluded)

 

IDR – Indonesian Rupiah

ILS – Israeli New Sheckels

IO – Interest Only – face amount represents notional amount.

JPY – Japanese Yen

KRW – Korean Won

LIBOR – London Interbank Offered Rate

MTN – Medium Term Note

MXN – Mexican Peso

NOK – Norwegian Krone

NZD – New Zealand Dollar

OTC – Over the Counter

PLC – Public Limited Company

PLN – Polish Zloty

REMIC – Real Estate Mortgage Investment Conduit

RUB – Russian Ruble

S&P– Standard & Poor’s

SGD – Singapore Dollar

SEK – Swedish Krona

Ser – Series

THB – Thai Bhat

TRY – Turkish Lira

USD – United States Dollar

ZAR – South African Rand

The following is a list of the level of inputs used as of December 31, 2016, in valuing the Fund’s investments and other financial instrments carried at value ($ Thousands):

 

 

 
Investments in Securities     Level 1       Level 2       Level 3     Total     

 

 

Global Bonds

  $     $   445,381     $     $   445,381   

Mortgage-Backed Securities

          13,064             13,064   

Corporate Obligations

          3,510             3,510   

Asset-Backed Security

          16             16   

 

 
Investments in Securities     Level 1         Level 2         Level 3       Total    

 

 

U.S. Treasury Obligations

    $ –         $ 2,732         $ –         $ 2,732    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Investments in Securities

    $ –         $ 464,703         $ –         $   464,703    
 

 

 

   

 

 

   

 

 

   

 

 

 
       

 

 
Other Financial Instruments   Level 1       Level 2       Level 3       Total    

 

 

Futures Contracts *

       

Unrealized Appreciation

    $ 331         $ –         $ –         $ 331    

Unrealized Depreciation

    (237)         –         –         (237)    

Forwards Contracts *

       

Unrealized Appreciation

      8,392         –         8,392    

Unrealized Depreciation

    –         (1,380)         –         (1,380)    

OTC Swaps

       

Credit Default Swaps *

       

Unrealized Appreciation

    –         41         –         41    

Unrealized Depreciation

    –         (1)         –         (1)    

Centrally Cleared Swaps

       

Credit Default Swaps *

       

Unrealized Appreciation

    –         27         –         27    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Other Financial Instruments

    $ 94         $ 7,079         $ –         $ 7,173    
 

 

 

   

 

 

   

 

 

   

 

 

 

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

For the period ended December 31, 2016, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended December 31, 2016, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

 

 

As of December 31, 2016, the International Fixed Income Fund is the seller (“providing protection”) on a total notional amount of $2.2 million. The notional amounts of the swaps are not recorded in the financial statements. The notional amounts approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund were the seller of protection and a credit event was to occur. Those credit default swaps (“CDS”) for which the Fund is providing protection at the balance sheet date are summarized as follows:

 

 

 
WRITTEN CREDIT DERIVATIVE CONTRACTS   SINGLE NAME CREDIT DEFAULT SWAPS     CREDIT DEFAULT SWAP INDEX           

 

 
REFERENCE ASSET      

Corporate

Debt

 

Sovereign

Debt

      Asset Backed
Securities
 

      Corporate

Debt

        Total  

 

 

Fair value of written credit derivatives

  $-   $-     $-   $(298,675)       $(298,675)  

Maximum potential amount of future payments

 

-

 

-

    -   2,240,000       2,240,000  

Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)[1]

  -   -     -   -       -  

Collateral held by the Fund can obtain upon occurrence of triggering event

 

-

  -     -   -       -  

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

 

 

 
MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM  

 

 
    0-6 MONTHS     6-12 MONTHS     1-5 YEARS     5-10 YEARS     > 10 YEARS     Total  

 

 

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

    $-       $-       $-       $-       $-       $-  

0-400

    -       -       -       -       -       -  

> than 400

    -       -       -       -       2,240,000       2,240,000  

Total

    $-       $-       $-       $-       $2,240,000       $2,240,000  

[1] If Management uses credit ratings to evaluate the credit risk of an underlying asset, it may use such ratings in its disclosure by replacing credit spreads by credit ratings.

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

 

 

16    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

Emerging Markets Debt Fund

 

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

 

 

GLOBAL BONDS – 94.7%

     

Angola – 0.0%

     

Angolan Government International Bond

     

9.500%, 11/12/2025 (A)

  $     539            $ 520    
     

 

 

 

Argentina – 4.6%

     

Arcor SAIC

     

6.000%, 07/06/2023 (B)

      108           113    

Argentine Bonad Bonds

     

2.400%, 03/18/2018

      1,568           1,527    

Argentine Bonos del Tesoro

     

21.200%, 09/19/2018

  ARS         14,809           1,008    

16.000%, 10/17/2023

      31,607           1,983    

15.500%, 10/17/2026

      89,176           5,618    

Argentine Republic Government International Bond

     

7.625%, 04/22/2046 (B)

  $     40           40    

7.500%, 04/22/2026

      39           41    

7.125%, 07/06/2036 (B)

      228           217    

5.000%, 01/15/2027

  EUR     4,455           4,133    

3.875%, 01/15/2022

      900           908    

Cablevision

     

6.500%, 06/15/2021 (B)

  $     214           218    

City of Buenos Aires Argentina

     

7.500%, 06/01/2027 (B)

      969           991    

Petrobras Argentina

     

7.375%, 07/21/2023 (B)

      270           263    

Provincia de Buenos Aires

     

9.950%, 06/09/2021 (B)

      1,240           1,398    

Provincia de Cordoba

     

7.125%, 06/10/2021 (B)

      531           546    

Provincia del Chaco Argentina

     

9.375%, 08/18/2024

      517           481    

Republic of Argentina

     

8.280%, 12/31/2033

      8,048           8,591    

8.280%, 12/31/2033

      4,154           4,309    

7.820%, 12/31/2033

  EUR     13,471           13,818    

7.820%, 12/31/2033

      4,158           4,209    

7.125%, 07/06/2036

  $     1,107           1,053    

6.875%, 04/22/2021

      165           176    

6.250%, 04/22/2019

      150           160    

6.250%, 04/22/2019

      85           91    

4.191%, 12/15/2035 (C)

  EUR     18,827           1,807    

3.380%, 03/31/2019 (D)

      566           332    

3.043%, 12/15/2035 (C)

  $     1,203           109    

2.500%, 03/31/2019 (D)(E)

      2,148           1,321    

2.260%, 03/31/2019 (D)

  EUR     942           553    

0.750%, 02/22/2017

  $     3,138           3,070    

0.044%, 12/15/2035 (C)

      11,382           1,047    

YPF

     

8.500%, 07/28/2025 (B)

      2,163           2,225    
     

 

 

 
        62,356    
     

 

 

 

 

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

 

 

GLOBAL BONDS (continued)

     

Armenia – 0.2%

     

Republic of Armenia

     

7.150%, 03/26/2025 (B)

  $     2,276            $ 2,388    
     

 

 

 

Azerbaijan – 1.2%

     

Republic of Azerbaijan

     

4.750%, 03/18/2024 (A)(B)

      3,101           3,078    

Southern Gas Corridor

     

6.875%, 03/24/2026

      3,379           3,639    

State Oil of the Azerbaijan Republic

     

6.950%, 03/18/2030

      963           1,014    

6.950%, 03/18/2030

      5,176           5,428    

State Oil of the Azerbaijan Republic MTN

     

4.750%, 03/13/2023

      2,923           2,838    

4.750%, 03/13/2023

      200           194    
     

 

 

 
        16,191    
     

 

 

 

Bahrain – 0.1%

     

Bahrain Government International Bond

     

7.000%, 10/12/2028 (B)

      641           655    
     

 

 

 

Belize – 0.1%

     

Belize Government International Bond

     

5.000%, 08/20/2017 (D)

      2,637           1,081    
     

 

 

 

Bermuda – 0.3%

     

Government of Bermuda

     

4.854%, 02/06/2024

      2,180           2,266    

3.717%, 01/25/2027

      1,521           1,437    
     

 

 

 
        3,703    
     

 

 

 

Brazil – 8.8%

     

Banco Nacional de Desenvolvimento Economico e Social

     

6.500%, 06/10/2019 (B)

      660           701    

Braskem Finance

     

5.750%, 04/15/2021

      1,797           1,891    

Brazil Letras do Tesouro Nacional(F)

     

17.573%, 07/01/2019

  BRL         11,540           2,732    

15.050%, 01/01/2019

      89,674           22,370    

14.857%, 01/01/2020

      18,000           4,026    

13.450%, 07/01/2018

      23,119           6,067    

10.673%, 01/01/2018

      23,090           6,365    

6.670%, 01/01/2019

      8,972           2,238    

Brazil Loan Trust 1

     

5.477%, 07/24/2023 (B)

  $     507           497    

5.477%, 07/24/2023

      300           292    

Brazil Minas SPE via State of Minas Gerais

     

5.333%, 02/15/2028

      1,176           1,096    

5.333%, 02/15/2028

      4,194           3,911    

Brazil Notas do Tesouro Nacional, Serie B

     

6.000%, 08/15/2022

  BRL     4,000           3,720    

6.000%, 05/15/2035

      1,000           943    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016   

1


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

     

Brazil Notas do Tesouro Nacional, Serie F

     

10.000%, 01/01/2021

  BRL         19,202            $ 5,674    

10.000%, 01/01/2023

      37,741           10,895    

10.000%, 01/01/2025

      52,150           14,867    

10.000%, 01/01/2027

      7,980           2,259    

Brazilian Government International Bond

     

6.000%, 04/07/2026

  $     2,012           2,082    

5.625%, 02/21/2047

      1,350           1,185    

BRF

     

4.750%, 05/22/2024

      1,660           1,613    

Cosan Luxembourg

     

7.000%, 01/20/2027 (B)

      253           252    

ESAL GmbH

     

6.250%, 02/05/2023

      1,050           1,053    

6.250%, 02/05/2023 (B)

      218           219    

Federal Republic of Brazil

     

8.250%, 01/20/2034

      3,341           3,860    

5.625%, 01/07/2041

      2,546           2,265    

5.000%, 01/27/2045

      157           127    

4.875%, 01/22/2021

      546           562    

4.250%, 01/07/2025

      611           571    

2.625%, 01/05/2023

      785           699    

GTL Trade Finance

     

5.893%, 04/29/2024 (B)

      149           148    

Klabin Finance

     

5.250%, 07/16/2024

      790           748    

Marfrig Holdings Europe

     

8.000%, 06/08/2023

      1,100           1,139    

Minerva Luxembourg

     

6.500%, 09/20/2026

      1,401           1,350    

6.500%, 09/20/2026 (B)

      858           827    

Petrobras Global Finance

     

8.750%, 05/23/2026

      2,735           2,951    

8.375%, 05/23/2021

      1,682           1,812    

4.375%, 05/20/2023 (A)

      714           624    

Petrobras International Finance

     

5.375%, 01/27/2021

      2,236           2,187    

Ultrapar International

     

5.250%, 10/06/2026

      330           322    

Vale Overseas

     

6.250%, 08/10/2026

      1,750           1,820    
     

 

 

 
        118,960    
     

 

 

 

Chile – 0.5%

     

Banco del Estado de Chile MTN

     

3.875%, 02/08/2022 (B)

      230           235    

Banco del Estado de Chile

     

4.125%, 10/07/2020 (B)

      270           281    

4.125%, 10/07/2020

      30           32    

Bonos de la Tesoreria de la Republica en pesos

     

6.000%, 01/01/2020

  CLP     80,000           131    

 

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

 

 

GLOBAL BONDS (continued)

     

Empresa Electrica Angamos

     

4.875%, 05/25/2029 (B)

  $     1,323            $ 1,257    

Empresa Nacional del Petroleo

     

3.750%, 08/05/2026 (B)

      387           362    

Nacional del Cobre de Chile

     

6.150%, 10/24/2036

      592           672    

5.625%, 09/21/2035 (A)

      880           937    

4.500%, 09/16/2025 (B)

      726           737    

3.000%, 07/17/2022 (A)(B)

      843           817    

Republic of Chile

     

5.500%, 08/05/2020

  CLP     323,000           507    

3.125%, 01/21/2026

  $     735           724    

VTR Finance

     

6.875%, 01/15/2024 (B)

      86           89    
     

 

 

 
        6,781    
     

 

 

 

China – 0.4%

     

CNOOC Finance

     

3.500%, 05/05/2025

      234           227    

Sinochem Overseas Capital

     

4.500%, 11/12/2020

      63           66    

Sinopec Capital

     

3.125%, 04/24/2023 (B)

      539           526    

Sinopec Group Overseas Development

     

4.375%, 10/17/2023

      539           564    

3.900%, 05/17/2022 (B)

      1,367           1,406    

3.500%, 05/03/2026 (B)

      1,070           1,036    

2.750%, 05/03/2021 (B)

      1,070           1,057    

Three Gorges Finance I Cayman Islands

     

3.150%, 06/02/2026 (B)

      200           191    
     

 

 

 
        5,073    
     

 

 

 

Colombia – 6.4%

     

Bogota Distrito Capital

     

9.750%, 07/26/2028 (B)

  COP     8,820,000           2,975    

9.750%, 07/26/2028

      370,000           125    

Colombian TES

     

11.000%, 07/24/2020

      13,543,500           5,129    

10.000%, 07/24/2024

      21,261,600           8,361    

7.750%, 09/18/2030

      5,120,800           1,769    

7.500%, 08/26/2026

      31,693,200           10,847    

7.000%, 05/04/2022

      51,250,600           17,317    

6.000%, 04/28/2028

      18,090,300           5,442    

5.000%, 11/21/2018

      18,962,600           6,186    

Ecopetrol

     

7.375%, 09/18/2043

  $     436           443    

5.875%, 05/28/2045

      1,355           1,171    

5.375%, 06/26/2026

      1,742           1,733    

Emgesa ESP

     

8.750%, 01/25/2021

  COP     870,000           288    

Empresas Publicas de Medellin ESP

     

8.375%, 02/01/2021

      3,962,000           1,290    

7.625%, 09/10/2024 (B)

      3,116,000           960    
 

 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

     

Financiera de Desarrollo Territorial Findeter

     

7.875%, 08/12/2024 (B)

  COP         1,127,000            $ 348    

7.875%, 08/12/2024

      884,000           273    

Pacific Exploration and Production

     

5.625%, 01/19/2025 (B)

  $     2,298           471    

Pacific Rubiales Energy

     

5.375%, 01/26/2019

      900           161    

Republic of Colombia MTN

     

3.875%, 03/22/2026

  EUR     1,523           1,772    

Republic of Colombia

     

11.750%, 02/25/2020

  $     322           410    

10.375%, 01/28/2033

      360           523    

9.850%, 06/28/2027

  COP     3,803,000           1,490    

9.850%, 06/28/2027

      1,257,000           492    

8.125%, 05/21/2024

  $     824           1,030    

7.750%, 04/14/2021

  COP     3,331,000           1,151    

7.375%, 09/18/2037

  $     2,626           3,191    

6.125%, 01/18/2041

      3,900           4,212    

5.625%, 02/26/2044

      152           156    

5.000%, 06/15/2045

      85           81    

4.500%, 01/28/2026

      636           655    

4.375%, 07/12/2021

      3,546           3,714    

4.375%, 03/21/2023

  COP     1,089,000           316    

4.375%, 03/21/2023

      1,782,000           517    

4.000%, 02/26/2024

  $     1,660           1,677    
     

 

 

 
        86,676    
     

 

 

 

Costa Rica – 1.2%

     

Banco Nacional de Costa Rica

     

6.250%, 11/01/2023 (B)

      753           755    

5.875%, 04/25/2021 (B)

      597           602    

Instituto Costarricense de Electricidad

     

6.950%, 11/10/2021

      400           417    

6.375%, 05/15/2043

      250           195    

Republic of Costa Rica

     

7.158%, 03/12/2045 (B)

      1,237           1,146    

7.158%, 03/12/2045

      3,436           3,184    

7.158%, 03/12/2045

      4,272           3,958    

7.000%, 04/04/2044 (B)

      2,556           2,336    

7.000%, 04/04/2044

      2,387           2,181    

4.375%, 04/30/2025

      702           623    

4.375%, 04/30/2025 (B)

      207           184    
     

 

 

 
        15,581    
     

 

 

 

Croatia – 1.1%

     

Government of Croatia

     

6.625%, 07/14/2020

      4,003           4,354    

6.375%, 03/24/2021

      1,490           1,620    

6.375%, 03/24/2021 (B)

      4,053           4,408    

6.000%, 01/26/2024 (B)

      1,993           2,160    

5.875%, 07/09/2018

  EUR     150           172    

5.500%, 04/04/2023

  $     200           211    

 

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

 

 

GLOBAL BONDS (continued)

     

3.000%, 03/11/2025

  EUR     2,390            $ 2,538    
     

 

 

 
        15,463    
     

 

 

 

Dominican Republic – 1.3%

     

Dominican Republic

     

15.950%, 06/04/2021

  DOP     3,800           98    

11.500%, 05/10/2024

          55,000           1,253    

11.000%, 01/05/2018

      6,320           138    

11.000%, 07/30/2021 (B)

      53,760           1,176    

9.040%, 01/23/2018

  $     363           375    

8.625%, 04/20/2027

      1,707           1,918    

7.450%, 04/30/2044 (B)

      2,608           2,624    

7.450%, 04/30/2044

      610           616    

7.450%, 04/30/2044

      1,015           1,025    

6.875%, 01/29/2026

      1,273           1,321    

6.850%, 01/27/2045 (B)

      3,708           3,503    

6.850%, 01/27/2045

      400           378    

6.850%, 01/27/2045

      235           222    

6.600%, 01/28/2024

      882           920    

5.875%, 04/18/2024 (B)

      536           537    

5.500%, 01/27/2025

      1,721           1,660    
     

 

 

 
        17,764    
     

 

 

 

Ecuador – 0.9%

     

EP PetroEcuador via Noble Sovereign Funding I

     

6.627%, 09/24/2019 (C)

      536           541    

Republic of Ecuador

     

10.750%, 03/28/2022 (B)

      240           261    

10.500%, 03/24/2020 (A)

      1,209           1,300    

10.500%, 03/24/2020 (B)

      1,590           1,709    

9.650%, 12/13/2026 (B)

      830           852    

7.950%, 06/20/2024

      7,243           6,917    
     

 

 

 
        11,580    
     

 

 

 

Egypt – 0.1%

     

Government of Egypt

     

5.875%, 06/11/2025 (B)

      2,140           1,941    
     

 

 

 

El Salvador – 0.6%

     

Republic of El Salvador

     

7.750%, 01/24/2023

      1,999           2,073    

7.650%, 06/15/2035

      418           388    

7.650%, 06/15/2035

      2,017           1,871    

7.625%, 02/01/2041

      1,020           926    

7.375%, 12/01/2019

      226           233    

6.375%, 01/18/2027

      863           794    

6.375%, 01/18/2027 (B)

      1,121           1,031    

5.875%, 01/30/2025 (B)

      704           642    

5.875%, 01/30/2025

      210           192    

5.875%, 01/30/2025

      200           183    
     

 

 

 
        8,333    
     

 

 

 
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    3


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

     

Ethiopia – 0.0%

     

Federal Democratic Republic of Ethiopia

     

6.625%, 12/11/2024 (B)

  $     510            $ 468    
     

 

 

 

Gabon – 0.4%

     

Gabonese Republic

     

8.200%, 12/12/2017 (A)

      282           292    

6.950%, 06/16/2025 (B)

      658           615    

6.375%, 12/12/2024

      4,505           4,184    

6.375%, 12/12/2024 (B)

      682           634    
     

 

 

 
        5,725    
     

 

 

 

Georgia – 0.1%

     

Republic of Georgia

     

6.875%, 04/12/2021 (B)

      663           722    
     

 

 

 

Ghana – 0.9%

     

Republic of Ghana

     

24.750%, 07/19/2021

      3,864           1,059    

24.500%, 04/22/2019

      1,926           490    

24.000%, 09/09/2019

      964           242    

10.750%, 10/14/2030

      7,073           8,360    

10.750%, 10/14/2030 (B)

      1,112           1,314    

7.875%, 08/07/2023

      1,417           1,393    
     

 

 

 
        12,858    
     

 

 

 

Guatemala – 0.1%

     

Comcel Trust

     

6.875%, 02/06/2024 (B)

      590           594    

Comcel Trust via Comunicaciones Celulares

     

6.875%, 02/06/2024

      350           353    
     

 

 

 
        947    
     

 

 

 

Hong Kong – 0.0%

     

Studio City

     

7.250%, 11/30/2021 (B)

      413           427    
     

 

 

 

Hungary – 3.3%

     

Magyar Export-Import Bank

     

4.000%, 01/30/2020 (B)

      925           948    

Republic of Hungary

     

7.625%, 03/29/2041

      9,190           12,841    

7.000%, 06/24/2022

  HUF     330,470           1,427    

6.750%, 10/22/2028

      932,610           4,243    

6.375%, 03/29/2021

  $     1,417           1,587    

6.000%, 11/24/2023

  HUF     1,627,070           6,852    

5.750%, 11/22/2023

  $     5,326           5,905    

5.500%, 06/24/2025

  HUF     1,457,840           5,956    

5.375%, 02/21/2023

  $     2,700           2,926    

5.375%, 03/25/2024

      873           952    

3.000%, 06/26/2024

  HUF     155,290           540    
     

 

 

 
        44,177    
     

 

 

 

 

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

 

 

GLOBAL BONDS (continued)

     

India – 0.0%

     

Vedanta Resources

     

6.000%, 01/31/2019 (B)

  $     504            $ 505    
     

 

 

 

Indonesia – 9.1%

     

Indonesia Treasury Bond

     

8.750%, 05/15/2031

  IDR     87,036,000           6,732    

8.250%, 07/15/2021

      10,611,000           807    

Listrindo Capital

     

4.950%, 09/14/2026

  $     350           341    

Majapahit Holding

     

7.875%, 06/29/2037

      300           354    

7.875%, 06/29/2037 (B)

      205           242    

7.750%, 01/20/2020

      894           1,004    

Pelabuhan Indonesia III

     

4.875%, 10/01/2024

      1,659           1,671    

Pertamina Persero

     

6.500%, 05/27/2041 (B)

      380           389    

6.000%, 05/03/2042 (B)

      935           899    

6.000%, 05/03/2042

      340           327    

5.250%, 05/23/2021 (B)

      921           969    

4.875%, 05/03/2022 (B)

      220           226    

Pertamina Persero MTN

     

6.450%, 05/30/2044 (B)

      665           673    

6.450%, 05/30/2044

      439           446    

5.625%, 05/20/2043

      2,692           2,477    

5.625%, 05/20/2043 (B)

      1,434           1,319    

5.625%, 05/20/2043 (A)

      300           276    

Perusahaan Listrik Negara MTN

     

5.250%, 10/24/2042

      580           512    

Republic of Indonesia MTN

     

11.625%, 03/04/2019

      80           96    

11.625%, 03/04/2019 (B)

      975           1,166    

11.625%, 03/04/2019

      1,049           1,254    

6.750%, 01/15/2044 (B)

      183           221    

5.875%, 01/15/2024 (B)

      888           980    

5.875%, 01/15/2024

      3,700           4,082    

5.875%, 01/15/2024

      2,876           3,173    

5.250%, 01/17/2042

      692           697    

5.125%, 01/15/2045 (B)

      217           217    

4.750%, 01/08/2026

      1,044           1,078    

4.750%, 01/08/2026 (B)

      2,723           2,811    

4.125%, 01/15/2025

      1,331           1,319    

3.750%, 06/14/2028

  EUR     1,100           1,180    

3.375%, 04/15/2023 (B)

  $     1,939           1,891    

Republic of Indonesia

     

12.800%, 06/15/2021

  IDR     210,000           19    

11.000%, 09/15/2025

      3,200,000           281    

9.000%, 03/15/2029

      187,712,000           14,685    

8.500%, 10/12/2035

  $     925           1,255    

8.375%, 03/15/2024

  IDR     236,319,000           17,936    

8.375%, 09/15/2026

      93,384,000           7,119    
 

 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

 

 

8.375%, 03/15/2034

    IDR    113,294,000         $ 8,451    

8.250%, 06/15/2032

    17,369,000         1,281    

8.250%, 05/15/2036

    35,070,000         2,616    

7.750%, 01/17/2038

        $ 291         373    

7.750%, 01/17/2038

    2,721         3,492    

7.000%, 05/15/2022

    IDR 131,580,000         9,470    

7.000%, 05/15/2027

    10,300,000         722    

6.625%, 05/15/2033

    35,776,000         2,257    

6.625%, 02/17/2037

        $ 1,384         1,600    

6.125%, 05/15/2028

    IDR 26,020,000         1,646    

5.625%, 05/15/2023

    44,408,000         2,933    

4.875%, 05/05/2021 (B)

        $ 200         212    

4.875%, 05/05/2021

    1,312         1,389    

3.700%, 01/08/2022

    279         280    

3.375%, 07/30/2025

  EUR 5,180         5,595    
   

 

 

 
                123,441    
   

 

 

 

Iraq – 0.4%

   

Republic of Iraq

   

5.800%, 01/15/2028

        $ 7,258         6,024    
   

 

 

 

Ivory Coast – 0.8%

 

 

Ivory Coast Government Bond

   

6.375%, 03/03/2028 (B)

    716         698    

5.750%, 12/31/2032

    1,791         1,655    

5.750%, 12/31/2032

    4,625         4,274    

5.750%, 12/31/2032

    3,413         3,154    

5.375%, 07/23/2024 (B)

    1,659         1,597    
   

 

 

 
      11,378    
   

 

 

 

Jamaica – 0.3%

   

Digicel Group

   

8.250%, 09/30/2020

    1,072         920    

8.250%, 09/30/2020 (B)

    199         171    

7.125%, 04/01/2022 (A)(B)

    919         713    

Government of Jamaica

   

7.875%, 07/28/2045

    437         474    

7.625%, 07/09/2025

    517         591    

Jamaica Government International Bond

   

8.000%, 03/15/2039

    1,357         1,500    
   

 

 

 
      4,369    
   

 

 

 

Jordan – 0.1%

   

Jordan Government International Bond

   

5.750%, 01/31/2027

    616         584    

5.750%, 01/31/2027 (B)

    233         221    
   

 

 

 
      805    
   

 

 

 

Kazakhstan – 0.6%

   

Development Bank of Kazakhstan

   

4.125%, 12/10/2022

    770         741    

KazAgro National Management Holding JSC MTN

   

4.625%, 05/24/2023

    370         346    

 

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

 

 

GLOBAL BONDS (continued)

 

 

4.625%, 05/24/2023 (B)

        $ 349         $ 327    

Kazakhstan Temir Zholy Finance

   

6.950%, 07/10/2042 (B)

    250         241    

KazMunayGas National MTN

   

9.125%, 07/02/2018 (A)

    942         1,024    

6.375%, 04/09/2021 (B)

    1,660         1,798    

6.375%, 04/09/2021

    2,329         2,523    

Republic of Kazakhstan

   

6.375%, 10/06/2020 (B)

    400         429    

Republic of Kazakhstan MTN

   

6.500%, 07/21/2045

    800         916    
   

 

 

 
                  8,345    
   

 

 

 

Kenya – 0.6%

   

Kenya Government International Bond

   

6.875%, 06/24/2024 (B)

    1,413         1,332    

6.875%, 06/24/2024 (A)

    2,885         2,720    

5.875%, 06/24/2019 (A)(B)

    805         823    

Kenya Infrastructure Bond

   

12.500%, 05/12/2025

    KES         56,200         532    

11.000%, 09/15/2025

    230,000         2,079    

11.000%, 10/12/2026

    20,000         178    

11.000%, 03/15/2027

    124,850         1,104    
   

 

 

 
      8,768    
   

 

 

 

Kuwait – 0.0%

   

Equate Petrochemical MTN

   

4.250%, 11/03/2026 (B)

    287         274    
   

 

 

 

Lithuania – 0.4%

   

Republic of Lithuania

   

7.375%, 02/11/2020 (B)

        $ 195         222    

6.625%, 02/01/2022

    4,675         5,426    
   

 

 

 
      5,648    
   

 

 

 

Malaysia – 4.1%

   

1MDB Energy

   

5.990%, 05/11/2022

    1,000         1,068    

1MDB Global Investments

   

4.400%, 03/09/2023

    5,100         4,303    

Malaysia Government Bond

   

5.248%, 09/15/2028

  MYR 1,050         247    

4.935%, 09/30/2043

    2,200         490    

4.392%, 04/15/2026

    10,601         2,355    

4.378%, 11/29/2019

    10,915         2,482    

4.254%, 05/31/2035

    1,827         385    

4.232%, 06/30/2031

    9,200         1,959    

4.181%, 07/15/2024

    11,316         2,499    

4.160%, 07/15/2021

    4,260         965    

4.048%, 09/30/2021

    4,330         969    

4.012%, 09/15/2017

    900         201    

3.955%, 09/15/2025

    26,626         5,756    

3.892%, 03/15/2027

    1,369         293    

3.889%, 07/31/2020

    2,330         523    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    5


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

   

3.800%, 08/17/2023

  MYR       27,695         $ 6,062    

3.795%, 09/30/2022

    3,500         768    

3.759%, 03/15/2019

    8,099         1,815    

3.659%, 10/15/2020

    1,419         316    

3.654%, 10/31/2019

    11,930         2,661    

3.620%, 11/30/2021

    7,443         1,655    

3.580%, 09/28/2018

    4,747         1,057    

3.502%, 05/31/2027

    1,050         216    

3.492%, 03/31/2020

    6,880         1,525    

3.480%, 03/15/2023

    14,448         3,090    

3.418%, 08/15/2022

    15,169         3,269    

3.314%, 10/31/2017

    5,330         1,190    

3.260%, 03/01/2018

    10,540         2,346    

Malaysia Government Investment Issue

   

4.070%, 09/30/2026

    14,106         3,068    

Petronas Capital MTN

   

3.500%, 03/18/2025 (A)(B)

        $ 2,175         2,178    
   

 

 

 
                  55,711    
   

 

 

 

Mexico – 8.1%

   

Alfa

   

6.875%, 03/25/2044

    1,750         1,697    

America Movil

   

7.125%, 12/09/2024

  MXN 18,110         803    

6.000%, 06/09/2019

    12,420         572    

Banco Nacional de Comercio Exterior SNC(C)

   

3.800%, 08/11/2026 (B)

        $ 1,852         1,734    

3.800%, 08/11/2026

    536         502    

Cemex

   

7.750%, 04/16/2026 (A)(B)

    2,494         2,762    

6.125%, 05/05/2025 (B)

    170         174    

5.700%, 01/11/2025 (A)(B)

    208         209    

Comision Federal de Electricidad

   

7.350%, 11/25/2025

  MXN 39,785         1,694    

5.750%, 02/14/2042 (B)

        $ 500         464    

4.875%, 01/15/2024 (B)

    237         235    

4.750%, 02/23/2027 (B)

    1,016         975    

Elementia

   

5.500%, 01/15/2025

    233         227    

Fermaca Enterprises S de RL

   

6.375%, 03/30/2038 (B)

    616         607    

Mexican Bonos

   

7.750%, 11/23/2034

  MXN 52,125         2,508    

7.750%, 11/13/2042

    54,910         2,626    

6.500%, 06/09/2022

    66,406         3,112    

5.750%, 03/05/2026

    59,120         2,546    

5.000%, 12/11/2019

    49,552         2,282    

4.750%, 06/14/2018

    801         38    

Mexican Bonos, Ser M

   

6.500%, 06/10/2021

    240,504         11,384    

Mexican Bonos, Ser M10

   

8.500%, 12/13/2018

    16,375         818    

 

 
Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

   

Mexican Bonos, Ser M20

   

10.000%, 12/05/2024

  MXN      239,071         $          13,429    

8.500%, 05/31/2029

    85,532         4,416    

8.000%, 12/07/2023

    11,575         583    

7.750%, 05/29/2031

    97,286         4,713    

Mexican Bonos, Ser M30

   

10.000%, 11/20/2036

    32,263         1,904    

8.500%, 11/18/2038

    66,465         3,427    

Mexico Government International Bond

   

4.350%, 01/15/2047

        $ 1,340         1,149    

Petroleos Mexicanos

   

9.500%, 09/15/2027

    169         202    

7.650%, 11/24/2021

  MXN 8,440         376    

7.470%, 11/12/2026

    90,489         3,603    

7.190%, 09/12/2024

    77,130         3,182    

6.625%, 06/15/2035

        $ 5,013         4,938    

6.625%, 06/15/2038

    2,088         2,020    

6.500%, 03/13/2027 (B)

    208         215    

6.500%, 06/02/2041

    1,709         1,601    

6.375%, 02/04/2021 (B)

    326         347    

6.375%, 01/23/2045

    807         734    

6.000%, 03/05/2020

    335         353    

5.500%, 01/21/2021

    18         18    

5.500%, 06/27/2044

    284         236    

5.500%, 06/27/2044

    1,558         1,297    

4.875%, 01/24/2022

    271         272    

4.875%, 01/18/2024

    175         170    

4.607%, 03/11/2022 (B)(C)

    1,396         1,440    

Petroleos Mexicanos MTN

   

6.875%, 08/04/2026 (B)

    1,708         1,802    

6.875%, 08/04/2026

    5,362         5,657    

6.750%, 09/21/2047 (B)

    2,328         2,199    

6.375%, 01/23/2045 (B)

    806         733    

5.625%, 01/23/2046

    749         622    

4.625%, 09/21/2023 (B)

    1,185         1,153    

4.250%, 01/15/2025

    2,450         2,253    

2.750%, 04/21/2027

  EUR 350         324    

Petroloes Mexicanos MTN

   

5.625%, 01/23/2046 (B)

        $ 800         664    

Sixsigma Networks Mexico

   

8.250%, 11/07/2021 (B)

    501         471    

Trust F/1401

   

6.950%, 01/30/2044

    1,920         1,738    

United Mexican States

   

5.750%, 10/12/2110

    468         432    

4.600%, 01/23/2046

    1,837         1,649    

4.000%, 10/02/2023

    138         138    

3.600%, 01/30/2025

    1,614         1,556    

United Mexican States MTN

   

5.550%, 01/21/2045

    338         345    
 

 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

 

 

4.750%, 03/08/2044

        $ 200          $ 182    
   

 

 

 
              110,512    
   

 

 

 

Mongolia – 0.3%

   

Development Bank of Mongolia MTN

   

5.750%, 03/21/2017

    902         880    

Mongolia Government Bond MTN

   

10.875%, 04/06/2021 (B)

    1,205         1,261    

5.125%, 12/05/2022

    1,312         1,118    

5.125%, 12/05/2022

    481         410    

Trade & Development Bank of Mongolia MTN

   

9.375%, 05/19/2020 (B)

    355         339    

9.375%, 05/19/2020

    350         335    
   

 

 

 
      4,343    
   

 

 

 

Montenegro – 0.0%

   

Republic of Montenegro

   

5.750%, 03/10/2021 (B)

  EUR             551         603    
   

 

 

 

Morocco – 0.3%

   

Morocco Government International Bond

   

3.500%, 06/19/2024

    1,928         2,140    

OCP

   

6.875%, 04/25/2044

        $ 1,325         1,332    

5.625%, 04/25/2024 (B)

    305         315    

4.500%, 10/22/2025 (B)

    288         275    
   

 

 

 
      4,062    
   

 

 

 

Namibia – 0.1%

   

Namibia International Bonds

   

5.250%, 10/29/2025 (B)

    1,053         1,031    
   

 

 

 

Netherlands – 0.1%

   

Marfrig Holdings Europe

   

8.000%, 06/08/2023 (B)

    547         566    

VTR Finance

   

6.875%, 01/15/2024

    400         413    
   

 

 

 
      979    
   

 

 

 

Nigeria – 0.1%

   

Republic of Nigeria

   

6.750%, 01/28/2021

    851         858    
   

 

 

 

Oman – 0.1%

   

Oman Government International Bond

   

4.750%, 06/15/2026 (A)(B)

    803         776    
   

 

 

 

Panama – 1.0%

   

Panama Notas del Tesoro

   

4.875%, 02/05/2021

    704         743    

Republic of Panama

   

9.375%, 01/16/2023

    560         717    

9.375%, 04/01/2029

    3,931         5,543    

8.875%, 09/30/2027

    1,345         1,846    

8.125%, 04/28/2034

    2,128         2,765    

 

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

 

 

GLOBAL BONDS (continued)

 

 

6.700%, 01/26/2036

        $ 190          $ 231    

4.300%, 04/29/2053

    130         116    

4.000%, 09/22/2024

    521         530    

3.750%, 03/16/2025

    941         934    
   

 

 

 
      13,425    
   

 

 

 

Paraguay – 0.2%

   

Republic of Paraguay

   

6.100%, 08/11/2044 (B)

    906         920    

5.000%, 04/15/2026

    656         662    

Telefonica Celular del Paraguay

   

6.750%, 12/13/2022

    200         204    

6.750%, 12/13/2022

    200         203    
   

 

 

 
                  1,989    
   

 

 

 

Peru – 2.0%

   

Abengoa Transmision Sur

   

6.875%, 04/30/2043 (B)

    273         280    

Peru Enhanced Pass-Through Finance(F)

   

4.995%, 06/02/2025 (B)

    1,000         798    

1.229%, 05/31/2018

    40         39    

1.227%, 05/31/2018 (B)

    109         106    

Peru Government Bond

   

6.900%, 08/12/2037

  PEN 5,404         1,605    

6.850%, 02/12/2042

    1,721         495    

6.350%, 08/12/2028

    2,895         850    

Republic of Peru

   

8.750%, 11/21/2033

        $ 352         514    

8.200%, 08/12/2026

  PEN             11,696         3,928    

6.950%, 08/12/2031

    6,572         1,998    

6.950%, 08/12/2031

    6,696         2,036    

6.850%, 02/12/2042

    991         285    

6.550%, 03/14/2037

        $ 1,239         1,556    

6.350%, 08/12/2028 (B)

  PEN 4,945         1,452    

6.350%, 08/12/2028

    2,061         605    

5.700%, 08/12/2024 (B)

    7,407         2,177    

5.700%, 08/12/2024

    285         84    

3.750%, 03/01/2030

  EUR 6,008         7,136    

Southern Copper

   

3.875%, 04/23/2025

        $ 680         670    
   

 

 

 
      26,614    
   

 

 

 

Philippines – 0.1%

   

Republic of Philippines

   

6.250%, 01/14/2036

  PHP 18,000         389    

3.900%, 11/26/2022

    45,000         833    
   

 

 

 
      1,222    
   

 

 

 

Poland – 4.0%

   

Republic of Poland

   

5.750%, 04/25/2029

  PLN 1,200         340    

5.250%, 10/25/2020

    20,418         5,343    

5.125%, 04/21/2021

        $ 1,016         1,108    

5.000%, 03/23/2022

    249         271    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    7


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

 

 

4.000%, 10/25/2023

   PLN 20,178         $ 5,027    

4.000%, 01/22/2024 (A)

        $ 446         456    

3.250%, 07/25/2025

   PLN 43,226         10,162    

3.250%, 04/06/2026

        $ 834         802    

3.000%, 03/17/2023 (A)

    1,458         1,429    

2.750%, 08/25/2023

   PLN 5,611         1,662    

2.750%, 04/25/2028

    3,650         801    

2.500%, 07/25/2026

    44,519         9,689    

1.750%, 07/25/2021

    36,428         8,314    

1.567%, 10/25/2018 (F)

    9,880         2,282    

1.500%, 04/25/2020

    12,676         2,936    

Republic of Poland, Ser 0922

   

5.750%, 09/23/2022

    12,209         3,319    
   

 

 

 
      53,941    
   

 

 

 

Qatar – 0.6%

   

Ooredoo International Finance MTN

   

7.875%, 06/10/2019

        $ 665         748    

State of Qatar

   

9.750%, 06/15/2030

    2,637         4,069    

6.400%, 01/20/2040

    2,588         3,222    
   

 

 

 
      8,039    
   

 

 

 

Romania – 1.4%

   

Government of Romania

   

5.950%, 06/11/2021

  RON 1,900         504    

5.850%, 04/26/2023

    14,970         4,005    

4.750%, 02/24/2025

    15,450         3,887    

3.500%, 12/19/2022

    4,415         1,047    

Government of Romania MTN

   

6.750%, 02/07/2022 (B)

        $ 1,333         1,518    

6.750%, 02/07/2022

    1,230         1,400    

6.125%, 01/22/2044

    4,444         5,172    

4.875%, 01/22/2024

    212         224    

2.875%, 05/26/2028

  EUR 740         801    

2.750%, 10/29/2025

    730         802    
   

 

 

 
                19,360    
   

 

 

 

Russia – 5.5%

   

Alfa Bank Via Alfa Bond Issuance

   

7.750%, 04/28/2021

        $ 500         564    

Credit Bank of Moscow via CBOM Finance

   

5.875%, 11/07/2021 (B)

    1,116         1,112    

Evraz Group

   

8.250%, 01/28/2021

    1,000         1,099    

Republic of Serbia

   

7.250%, 09/28/2021

    4,931         5,498    

Ritekro

   

14.669%, 11/07/2022 (F)(G)

    914         457    

Russian Federal Bond - OFZ

   

8.150%, 02/03/2027

  RUB     167,850         2,739    

7.750%, 09/16/2026

    270,470         4,270    

7.600%, 04/14/2021

    487,263         7,830    

7.600%, 07/20/2022

    343,688         5,500    

 

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

 

 

GLOBAL BONDS (continued)

 

 

7.500%, 03/15/2018

  RUB 139,947         $ 2,276    

7.050%, 01/19/2028

    161,212         2,414    

7.000%, 01/25/2023

    71,220         1,100    

7.000%, 08/16/2023

    300,364         4,618    

6.800%, 12/11/2019

        602,520         9,515    

6.700%, 05/15/2019

    236,124         3,748    

6.500%, 12/03/2014 (D)

    22,770         350    

6.400%, 05/27/2020

    18,800         292    

6.200%, 01/31/2018

    145,934         2,337    

Russian Foreign Bond - Eurobond

   

5.875%, 09/16/2043

        $ 800         884    

5.000%, 04/29/2020 (B)

    1,400         1,486    

4.875%, 09/16/2023 (B)

    800         843    

4.875%, 09/16/2023 (A)

    4,800         5,056    

3.250%, 04/04/2017

    600         602    

Russian Railways Via RZD Capital

   

5.700%, 04/05/2022

    1,800         1,902    

Vnesheconombank Via VEB Finance

   

6.902%, 07/09/2020

    2,780         3,003    

6.800%, 11/22/2025 (B)

    150         160    

6.800%, 11/22/2025

    4,124         4,393    

5.450%, 11/22/2017 (B)

    400         408    
   

 

 

 
                74,456    
   

 

 

 

Saudi Arabia – 0.5%

   

Saudi Government International Bond MTN

   

4.500%, 10/26/2046

    1,087         1,045    

3.250%, 10/26/2026

    6,655         6,326    
   

 

 

 
      7,371    
   

 

 

 

Senegal – 0.3%

   

Republic of Senegal

   

8.750%, 05/13/2021 (B)

    540         603    

8.750%, 05/13/2021

    90         100    

6.250%, 07/30/2024 (B)

    226         225    

6.250%, 07/30/2024

    3,130         3,118    
   

 

 

 
      4,046    
   

 

 

 

Serbia – 0.2%

   

Republic of Serbia

   

7.250%, 09/28/2021 (B)

    200         223    

4.875%, 02/25/2020

    2,715         2,759    
   

 

 

 
      2,982    
   

 

 

 

Slovenia – 0.3%

   

Slovenia Government International Bond

   

5.850%, 05/10/2023

    1,800         2,028    

5.250%, 02/18/2024

    2,200         2,410    
   

 

 

 
      4,438    
   

 

 

 

South Africa – 5.5%

   

Eskom Holdings

   

7.125%, 02/11/2025 (B)

    951         958    

7.125%, 02/11/2025

    4,500         4,534    
 

 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

 

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

 

 

GLOBAL BONDS (continued)

 

 

Republic of South Africa

   

10.500%, 12/21/2026

  ZAR 206,543         $ 16,653    

8.875%, 02/28/2035

    14,830         1,018    

8.750%, 01/31/2044

    20,346         1,359    

8.750%, 02/28/2048

    42,845         2,861    

8.500%, 01/31/2037

    84,382         5,543    

8.250%, 03/31/2032

    105,495         6,940    

8.000%, 01/31/2030

    108,512         7,140    

7.750%, 02/28/2023

    15,361         1,077    

7.250%, 01/15/2020

    931         66    

7.000%, 02/28/2031

    103,711         6,204    

6.750%, 03/31/2021

    16,573         1,146    

6.500%, 02/28/2041

    39,901         2,076    

6.250%, 03/31/2036

    78,799         4,107    

5.875%, 05/30/2022

        $ 258         281    

5.875%, 09/16/2025 (A)

    6,682         7,129    

4.875%, 04/14/2026

    1,579         1,571    

4.300%, 10/12/2028

    3,311         3,071    

Transnet SOC MTN

   

9.500%, 05/13/2021 (B)

  ZAR 13,360         915    
   

 

 

 
                  74,649    
   

 

 

 

Sri Lanka – 1.0%

   

Republic of Sri Lanka

   

6.850%, 11/03/2025

        $ 4,839         4,752    

6.850%, 11/03/2025 (B)

    908         892    

6.825%, 07/18/2026 (B)

    909         894    

6.825%, 07/18/2026

    3,900         3,836    

6.250%, 10/04/2020 (A)

    533         546    

6.250%, 07/27/2021

    853         866    

5.875%, 07/25/2022 (B)

    1,718         1,687    
   

 

 

 
      13,473    
   

 

 

 

Supra-National – 0.2%

   

European Investment Bank MTN

   

8.500%, 09/17/2024

  ZAR 9,200         654    

7.200%, 07/09/2019

   IDR 9,440,000         677    

Inter-American Development Bank MTN

   

7.350%, 09/12/2018

      20,140,000         1,462    
   

 

 

 
      2,793    
   

 

 

 

Suriname – 0.0%

   

Republic of Suriname

   

9.250%, 10/26/2026 (B)

        $ 497         485    
   

 

 

 

Thailand – 2.5%

   

Thailand Government Bond

   

5.670%, 03/13/2028

  THB 3,000         105    

4.875%, 06/22/2029

    173,959         5,738    

4.675%, 06/29/2044

    4,171         142    

3.875%, 06/13/2019

    68,000         1,994    

3.850%, 12/12/2025

    90,150         2,752    

3.650%, 12/17/2021

    306,356         9,139    

3.625%, 06/16/2023

    193,080         5,750    

 

 
Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

 

 

3.580%, 12/17/2027

  THB          14,020         $ 413    

3.400%, 06/17/2036

    58,500         1,646    

2.550%, 06/26/2020

    40,000         1,139    

2.125%, 12/17/2026

    98,848         2,627    

1.875%, 06/17/2022

    15,000         410    

1.200%, 07/14/2021

    50,700         1,475    
   

 

 

 
                33,330    
   

 

 

 

Trinidad & Tobago – 0.0%

   

Trinidad Generation UnLtd

   

5.250%, 11/04/2027 (B)

        $ 489         475    
   

 

 

 

Tunisia – 0.2%

   

Banque Centrale de Tunisie

   

5.750%, 01/30/2025 (B)

    2,518         2,342    
   

 

 

 

Turkey – 6.4%

   

Export Credit Bank of Turkey MTN

   

5.375%, 02/08/2021 (B)

    896         876    

Export Credit Bank of Turkey

   

5.875%, 04/24/2019 (B)

    200         204    

5.375%, 10/24/2023 (B)

    1,033         958    

5.000%, 09/23/2021 (B)

    538         515    

KOC Holding

   

5.250%, 03/15/2023

    1,840         1,812    

Republic of Turkey

   

10.700%, 02/17/2021

  TRY 19,572         5,536    

10.600%, 02/11/2026

    43,366         11,983    

10.500%, 01/15/2020

    3,143         895    

10.400%, 03/27/2019

    3,560         1,007    

10.400%, 03/20/2024

    2,250         618    

9.500%, 01/12/2022

    10,823         2,901    

9.400%, 07/08/2020

    29,131         7,967    

9.200%, 09/22/2021

    21,195         5,646    

9.000%, 07/24/2024

    16,629         4,233    

8.800%, 11/14/2018

    9,824         2,720    

8.500%, 07/10/2019

    3,658         996    

8.500%, 09/14/2022

    13,148         3,330    

8.300%, 06/20/2018

    4,251         1,181    

8.000%, 03/12/2025

    2,113         502    

7.400%, 02/05/2020

    30,131         7,812    

7.375%, 02/05/2025

        $ 1,151         1,262    

7.100%, 03/08/2023

  TRY 6,560         1,536    

7.000%, 03/11/2019

        $ 784         833    

7.000%, 06/05/2020

    2,190         2,352    

6.875%, 03/17/2036

    2,028         2,086    

6.750%, 04/03/2018

    1,374         1,434    

6.750%, 05/30/2040

    1,889         1,901    

6.625%, 02/17/2045

    1,220         1,213    

6.250%, 09/26/2022

    2,410         2,503    

6.000%, 01/14/2041

    115         106    

5.750%, 03/22/2024

    333         334    

5.125%, 03/25/2022

    2,063         2,047    
 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    9


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

 

 
Description       Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

     

4.875%, 10/09/2026

  $     710            $ 657    

4.875%, 04/16/2043

      673           542    

4.250%, 04/14/2026

      2,171           1,930    

3.000%, 08/02/2023

  TRY     5,302           1,956    

TC Ziraat Bankasi MTN

     

4.750%, 04/29/2021 (B)

  $     561           536    

TC Ziraat Bankasi

     

4.250%, 07/03/2019 (B)

      940           926    

Turk Telekomunikasyon

     

4.875%, 06/19/2024

      1,750           1,632    
     

 

 

 
        87,478    
     

 

 

 

Ukraine – 2.2%

     

Government of Ukraine

     

7.750%, 09/01/2019 (B)

      70           70    

7.750%, 09/01/2020 (B)

      6,810           6,715    

7.750%, 09/01/2021 (B)

      4,178           4,080    

7.750%, 09/01/2022 (B)

      5,003           4,843    

7.750%, 09/01/2023 (B)

      2,119           2,034    

7.750%, 09/01/2024

      1,350           1,282    

7.750%, 09/01/2024 (B)

      820           779    

7.750%, 09/01/2025 (B)

      3,387           3,181    

7.750%, 09/01/2025

      300           282    

7.750%, 09/01/2026

      2,057           1,924    

7.750%, 09/01/2026 (B)

      625           585    

7.750%, 09/01/2027 (B)

      1,955           1,815    

7.750%, 09/01/2027

      690           641    

0.000%, 05/31/2040 (B)(C)

      1,406           423    

Ukreximbank Via Biz Finance

     

9.625%, 04/27/2022 (B)

      1,711           1,673    
     

 

 

 
                    30,327    
     

 

 

 

United Arab Emirates – 0.3%

     

DP World MTN

     

6.850%, 07/02/2037

      1,800           1,919    

MAF Global Securities

     

7.125%, 10/29/2049 (C)

      2,490           2,613    
     

 

 

 
        4,532    
     

 

 

 

Uruguay – 0.8%

     

Republic of Uruguay PIK

     

7.875%, 01/15/2033

      3,244           4,084    

Republic of Uruguay

     

5.100%, 06/18/2050

      4,205           3,784    

4.375%, 10/27/2027

      2,971           2,978    

4.125%, 11/20/2045

      346           285    
     

 

 

 
        11,131    
     

 

 

 

Venezuela – 1.1%

     

Petroleos de Venezuela

     

9.000%, 11/17/2021

      5,525           2,929    

6.000%, 05/16/2024

      3,281           1,263    

6.000%, 05/16/2024

      7,785           2,997    

6.000%, 11/15/2026

      3,365           1,296    

 

 
Description       Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

 

 

GLOBAL BONDS (continued)

     

5.500%, 04/12/2037

  $     812            $ 298    

5.375%, 04/12/2027

      2,625           978    

Republic of Venezuela

     

13.625%, 08/15/2018

      1,716           1,386    

13.625%, 08/15/2018

      144           105    

9.375%, 01/13/2034

      3,061           1,416    

7.750%, 10/13/2019

      1,974           1,096    

7.650%, 04/21/2025

      3,131           1,424    
     

 

 

 
                    15,188    
     

 

 

 

Vietnam – 0.1%

     

Vietnam Government International Bond

     

4.800%, 11/19/2024

      1,000           985    
     

 

 

 

Zambia – 0.2%

     

Republic of Zambia

     

8.970%, 07/30/2027

      917           905    

8.500%, 04/14/2024

      1,697           1,656    

5.375%, 09/20/2022

      721           651    
     

 

 

 
        3,212    
     

 

 

 

Total Global Bonds
(Cost $1,368,839) ($ Thousands)

        1,287,085    
     

 

 

 

LOAN PARTICIPATIONS – 0.2%

     

Singapore – 0.0%

     

Morton Bay

     

6.220%, 12/31/2013 (G)

      3,158           –    
     

 

 

 

Venezuela – 0.2%

     

Bolivarian Republic of Venezuela

     

6.250%, 01/10/2018

      2,800           2,863    
     

 

 

 

Total Loan Participations
(Cost $5,958) ($ Thousands)

        2,863    
     

 

 

 
        Shares        

AFFILIATED PARTNERSHIP – 1.4%

 

SEI Liquidity Fund, L.P.

     

0.660% **†(H)

      19,234,268           19,234    
     

 

 

 

Total Affiliated Partnership
(Cost $19,234) ($ Thousands)

        19,234    
     

 

 

 

Total Investments – 96.3%
(Cost $1,394,031) ($ Thousands) @

         $   1,309,182    
     

 

 

 
 

 

 

10    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

A list of the open futures contracts held by the Fund at December 31, 2016, is as follows:

 

 

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

 

 

Euro-Bund

     (125)        Mar-2017        $(104)  

Euro-Buxl 30 Year Bond

     (19)        Mar-2017        50  

JSE Bond Future R186

     470        Feb-2017        (21)  

JSE Bond Future R2030

     598        Feb-2017        (32)  

JSE Bond Future R2035

     283        Feb-2017        (30)  

JSE Bond Future R2037

     269        Feb-2017        (28)  

JSE Bond Future R207

     205        Feb-2017        (2)  

JSE Bond Future R208

     352        Feb-2017        (1)  

Korea 3-Year Bond

     147        Mar-2017        16  

U.S. 10-Year Treasury Note

     107        Mar-2017        (22)  

U.S. 5-Year Treasury Note

     (109)        Mar-2017        (79)  

U.S. Ultra Long Treasury Bond

     (24)        Mar-2017        (16)  
        

 

 

 
               $(269)  
        

 

 

 

For the period ended December 31, 2016, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

A list of the open forward foreign currency contracts held by the Fund at December 31, 2016, is as follows:

 

 

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

 

 

01/03/17-02/02/17

  USD 49,632     EUR 47,070       $41  

01/03/17-03/15/17

  EUR 112,519     USD 119,229       400  

01/05/17-02/15/17

  USD 9,359     KRW 11,047,159       (200)  

01/05/17-03/24/17

  KRW 37,865,350     USD 32,417       970  

01/06/17-03/24/17

  USD 18,567     MYR 79,811       (792)  

01/06/17-02/17/17

  MYR 45,051     USD 10,235       200  

01/09/17-02/15/17

  USD 3,507     SGD 4,869       (137)  

01/09/17-03/15/17

  USD 11,917     PEN 41,002       248  

01/09/17-03/15/17

  PEN 20,880     USD 6,102       (100)  

01/09/17-03/20/17

  SGD 40,773     USD 28,680       456  

01/11/17-03/02/17

  BRL 104,004     USD 30,541       (1,114)  

01/12/17-01/27/17

  EUR 16,962     PLN 75,477       180  

01/12/17-03/15/17

  PLN 47,854     EUR 10,665       (184)  

01/13/17-03/20/17

  USD 23,581     THB 839,771       (132)  

01/13/17-03/15/17

  USD 24,858     ZAR 348,735       369  

01/13/17-07/19/17

  USD 33,077     RUB 2,201,790       2,351  

01/13/17-03/15/17

  USD 38,194     MXN 774,885       (817)  

01/13/17-03/08/17

  ZAR 151,654     USD 10,875       (152)  

01/13/17-06/15/17

  RUB 1,317,361     USD 20,492       (854)  

01/18/17-02/02/17

  USD 25,669     BRL 88,001       1,183  

01/18/17-05/23/17

  USD 26,082     IDR 351,132,331       (191)  

01/18/17-05/23/17

  IDR 237,086,639     USD 17,277       (194)  

01/20/17-03/16/17

  USD 4,825     HUF 1,407,742       (11)  

01/20/17-01/20/17

  USD 5,271     RON 22,320       (85)  

01/20/17-03/15/17

  PLN 11,043     USD 2,634       (9)  

01/20/17-03/15/17

  USD 25,277     PLN 105,317       (63)  

01/20/17-03/15/17

  COP 63,474,683     USD 20,176       (803)  

01/23/17

  CAD 1,687     USD 1,250       (8)  

01/23/17-01/23/17

  EUR 8,097     RON 36,635       (35)  

01/23/17-02/21/17

  THB 92,903     USD 2,613       19  

01/25/17-03/15/17

  USD 23,270     INR 1,585,969       (56)  

 

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

 

 

01/26/17-01/27/17

   USD 20,299      TRY 68,707       $(857)  

01/26/17-03/15/17

   TRY 117,109      USD 34,515       1,492  

01/27/17-03/15/17

   MXN 678,436      USD 32,746       57  

02/14/17-03/15/17

   CLP     8,029,904      USD 12,239       290  

02/15/17-11/14/17

   USD 2,172      CNY 15,099       (58)  

02/15/17-11/14/17

   CNY 192,910      USD 28,024       934  

02/16/17

   EUR 219      HUF 67,701        

02/16/17

   HUF 986,940      EUR 3,138       (60)  

02/21/17-03/15/17

   USD 9,429      COP   29,178,715       204  

03/15/17-03/15/17

   USD 12,142      PHP 612,464       116  

03/15/17

   RON 13,960      USD 3,293       44  

03/15/17

   TWD 184,000      USD 5,812       123  

03/16/17

   HUF 243,110      USD 823       (9)  

10/18/17

   USD 820      EGP 10,947       (241)  

10/31/17-11/14/17

   USD 5,226      CNH 37,475       (83)  

09/27/18-12/20/18

   EUR 10,562      CZK 281,276       (12)  

09/27/18

   CZK 26,087      EUR 978       (1)  
       

 

 

 
              $2,419  
       

 

 

 

A list of the counterparties for the open forward foreign currency contracts held by the Fund at December 31, 2016, is as follows:

 

 

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

 

 

Barclays PLC

     $(37,923)        $37,977        $54  

BT Brokerage

     (4,716)        4,624        (92)  

Citigroup

     (239,239)        240,645        1,406  

Goldman Sachs

     (178,397)        179,275        878  

HSBC

     (25,916)        26,043        127  

JPMorgan Chase Bank

     (333,126)        332,793        (333)  

Standard Bank

     (22,489)        22,765        275  

UBS

     (3,529)        3,633        104  
        

 

 

 
               $2,419  
        

 

 

 

For the period ended December 31, 2016, 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 period.

 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    11


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

A list of open OTC swap agreements held by the Fund at December 31, 2016, are as follows:

 

 

 
Interest Rate Swaps  

 

 
Counterparty   Fund Pays    Fund Receives    Termination Date    Currency     Notional Amount     

Net Unrealized
Appreciation
(Depreciation)

($ Thousands)

 

 

 

Citibank

  0.35%    6-Month CZK - PRIBOR    06/27/21   CZK     15,000       $ 2    

Goldman Sachs

  6-Month PLN WIBOR    2.87%    12/16/26   PLN     13,000       3    

Goldman Sachs

  28-Day MXN - TIIE    6.38%    09/16/26   MXN     26,000       (139)    

Goldman Sachs

  1.99%    6-Month HUF - BUBOR    07/25/26   HUF     500,000       33    

Goldman Sachs

  Columbia Overnight Interbank Reference Rate    7.23%    05/04/26   COP     3,031,227       (53)    

Goldman Sachs

  28-Day MXN - TIIE    6.17%    03/05/26   MXN     47,200       (271)    

Goldman Sachs

  28-Day MXN - TIIE    6.21%    12/08/25   MXN     16,624       (91)    

Goldman Sachs

  28-Day MXN - TIIE    6.36%    05/21/25   MXN     23,145       (107)    

Goldman Sachs

  3.45%    6-Month HUF - BUBOR    05/11/25   HUF     800,000       (378)    

Goldman Sachs

  1-Year BRL-CDI    10.89%    01/03/23   BRL     5,012       (66)    

Goldman Sachs

  1-Day BRL - CETIP    11.99%    01/02/23   BRL     3,000       25    

Goldman Sachs

  28-Day MXN - TIIE    5.90%    09/12/22   MXN     75,956       (311)    

Goldman Sachs

  1.39%    3-Month KRW - KWCDC    11/04/21   KRW     14,000,000       131    

Goldman Sachs

  3-Month - KLIBOR    3.42%    09/23/21   MYR     14,000       (56)    

Goldman Sachs

  0.33%    6-Month CZK - PRIBOR    09/01/21   CZK     40,000       11    

Goldman Sachs

  0.38%    6-Month CZK - PRIBOR    08/02/21   CZK     30,000       5    

Goldman Sachs

  28-Day MXN - TIIE    5.63%    06/11/21   MXN     63,409       231    

Goldman Sachs

  0.45%    6-Month CZK - PRIBOR    05/24/21   CZK     30,000       (3)    

Goldman Sachs

  28-Day MXN - TIIE    5.37%    03/17/21   MXN     46,500       (181)    

Goldman Sachs

  1-Day BRL-CDI    12.73%    01/04/21   BRL     10,608,431       201    

Goldman Sachs

  0.57%    6-Month CZK - PRIBOR    12/16/20   CZK     90,000       (25)    

Goldman Sachs

  0.42%    6-Month CZK - PRIBOR    10/23/20   CZK     42,000       (2)    

Goldman Sachs

  0.59%    6-Month CZK - PRIBOR    03/13/20   CZK     25,000       (12)    

Goldman Sachs

  1-Day BRL - CETIP    13.39%    01/02/19   BRL     14,395       219    

Goldman Sachs

  1-Day BRL - CETIP    13.42%    01/02/19   BRL     19,336       297    

Goldman Sachs

  3-Month KRW - KWCDC    1.32%    11/04/18   KRW     37,500,000       (66)    

Goldman Sachs

  28-Day MXN - TIIE    4.63%    09/21/18   MXN     168,578       215    

Goldman Sachs

  1-Year BRL-CDI    11.81%    01/02/18   BRL     9,833       9    

Goldman Sachs

  1-Year BRL-CDI    11.98%    01/02/18   BRL     3,338       6    

Goldman Sachs

  1-Day BRL - CETIP    12.86%    01/02/18   BRL     35,816       152    

Goldman Sachs

  1-Day BRL - CETIP    13.27%    01/02/17   BRL     27,961       0    

JPMorgan Chase Bank

  2.52%    6-Month HUF - BUBOR    11/16/26   HUF     451,779       (31)    

JPMorgan Chase Bank

  0.94%    6-Month CZK - PRIBOR    11/14/26   CZK     20,000       (7)    

JPMorgan Chase Bank

  28-Day MXN - TIIE    6.13%    06/18/26   MXN     40,000       (241)    

JPMorgan Chase Bank

  4.29%    6-Month HUF - BUBOR    08/04/24   HUF     300,000       (201)    

JPMorgan Chase Bank

  6-Month PLN - WIBOR    2.43%    12/14/21   PLN     11,000       12    

JPMorgan Chase Bank

  6-Month PLN - WIBOR    2.42%    12/12/21   PLN     3,300       4    

JPMorgan Chase Bank

  0.36%    6-Month CZK - PRIBOR    09/29/21   CZK     20,000       5    

JPMorgan Chase Bank

  1.38%    6-Month HUF - BUBOR    06/17/21   HUF     654,998       (55)    

JPMorgan Chase Bank

  0.39%    6-Month CZK - PRIBOR    04/04/21   CZK     25,000       0    

JPMorgan Chase Bank

  0.30%    6-Month CZK - PRIBOR    02/26/21   CZK     61,000       10    

JPMorgan Chase Bank

  7.16%    Columbia Overnight Interbank Reference Rate    02/11/21   COP     10,000,000       (176)    

JPMorgan Chase Bank

  7.11%    Columbia Overnight Interbank Reference Rate    01/22/21   COP     9,929,262       (168)    

JPMorgan Chase Bank

  0.44%    6-Month CZK - PRIBOR    11/20/20   CZK     30,000       (3)    

JPMorgan Chase Bank

  0.50%    6-Month CZK - PRIBOR    05/05/20   CZK     140,000       (47)    

JPMorgan Chase Bank

  0.54%    6-Month CZK - PRIBOR    02/16/20   CZK     250,000       (104)    

JPMorgan Chase Bank

  1-Day BRL BROIS    11.46%    01/02/20   BRL     3,649,331       8    

JPMorgan Chase Bank

  0.85%    6-Month HUF - BUBOR    10/10/19   HUF     3,000,000       (49)    

JPMorgan Chase Bank

  6.96%    Columbia Overnight Interbank Reference Rate    11/17/17   COP     28,888,912       66    

JPMorgan Chase Bank

  1.77%    3-Month HUF - BUBOR    07/17/17   HUF     5,732,291       (266)    
             

 

 

 
                $ (1,464)    
             

 

 

 

 

 
Cross Currency Swaps  

 

 
Counterparty   Fund Pays    Fund Receives    Termination Date   Currency   Notional Amount
(Thousands)
   

Net Unrealized
Depreciation

($ Thousands)

 

 

 

JPMorgan Chase Bank

  3 Month USD LIBOR    8.66%    01/26/18   TRY     62,000       $ (909)    
             

 

 

 

A list of open centrally cleared swap agreements held by the Fund at December 31, 2016, are as follows:

 

 

 

 
Interest Rate Swaps  

 

 
Counterparty   Fund Pays    Fund Receives    Termination Date   Currency   Notional Amount
(Thousands)
   

Net Unrealized
Depreciation

($ Thousands)

 

 

 

JPMorgan Chase Bank

  1-Month MXN MXIBOR    7.72%    12/03/26   MXN     8,000       $ (6)    
             

 

 

 

For the period ended December 31, 2016, the total amount of all open swap agreements, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

 

 

12    SEI Institutional International Trust / Quarterly Report / December 31, 2016


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Continued)

 

  Percentages are based on Net Assets of $1,359,726 ($ Thousands).
** Rate shown is the 7-day effective yield as of December 31, 2016.
  Investment in Affiliated Security.
(A) This security or a partial position of this security is on loan at December 31, 2016. The total market value of securities on loan at December 31, 2016 was $18,497 ($ Thousands).
(B) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On December 31, 2016, the value of these securities amounted to $155,379 ($ Thousands), representing 11.4% of the net assets of the Fund.
(C) Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2016.
(D) Step Bonds – The rate reflected on the Schedule of Investments is the effective yield on December 31, 2016. The coupon on a step bond changes on a specified date.
(E) Security is in default on interest payment.
(F) The rate reported is the effective yield at the time of purchase.
(G) Securities considered illiquid. The total value of such securities as of December 31, 2016 was $457 ($ Thousands) and represented 0.0% of the net assets of the Fund.
(H) This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of December 31, 2016 was $19,235 ($ Thousands).

@ At December 31, 2016, the tax basis cost of the Fund’s investments was $1,394,031 ($ Thousands), and the unrealized appreciation and depreciation were $33,015 ($ Thousands) and $(117,864) ($ Thousands), respectively.

ARS — Argentine Peso

BRL — Brazilian Real

BROIS — Overnight Brazil CETIP Interbank Deposit

BUBOR — Budapest Interbank Offered Rate

CAD — Canadian Dollar

CDI — Average One-Day Interbank Deposit Rate

CETIP — Central of Custody and Financial Settlement of Securities

CLP — Chilean Peso

CNH — Chinese Offshore Spot

CNY — Chinese Yuan

COP — Colombian Peso

CZK — Czech Koruna

DOP — Dominican Peso

EGP — Egyptian Pound

EUR — Euro

HUF — Hungarian Forint

IDR — Indonesian Rupiah

INR — Indian Rupee

KES — Kenyan Shilling

KLIBOR — Kuala Lumpur Interbank Offered Rate

KRW — Korean Won

KWCDC — South Korean Won Certificate of Deposit

LIBOR — London Interbank Offered Rate

L.P. — Limited Partnership

MTN — Medium Term Note

MXIBOR — Mexico Interbank Offered Rate

MXN — Mexican Peso

MYR — Malaysian Ringgit

PEN — Peruvian Inca

PHP— Philippine Peso

PIK — Payment-in-Kind

PLC — Public Limited Company

PLN — Polish Zloty

PRIBOR — Prague Interbank Offered Rate

RON — Romanian Leu

RUB — Russian Ruble

SGD — Singapore Dollar

Ser — Series

THB — Thai Bhat

TIIE — Equilibrium Interbank Offered Rate

TRY — Turkish Lira

TWD — Taiwan Dollar

USD — United States Dollar

WIBOR — Warsaw Interbank Offered Rate

ZAR — South African Rand

 

The following is a summary of the transactions with affiliates for the period ended December 31, 2016 ($ Thousands):

 

Security Description    Value
9/30/2016
   Purchases at
Cost
   Proceeds
from Sales
  Realized Gain
(Loss)
   Change in Unrealized
Appreciation
(Depreciation)
   Value
12/31/2016
   Dividend  
Income  

SEI Liquidity Fund, L.P.

     $  36,124      $  29,171      $   (46,064)     $  —      $  —      $  19,234      $  27  

 

The following is a list of the level of inputs used as of December 31, 2016, 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

    $            –       $ 1,277,819       $       9,266       $ 1,287,085  

Loan Participations

          2,863             2,863  

Affiliated Partnership

                  –               19,234                       –               19,234  

Total Investments in Securities

    $            –       $ 1,299,916       $       9,266       $ 1,309,182  

    

       

 

 
Other Financial Instruments   Level 1         Level 2         Level 3         Total   

 

 

Futures Contracts *

       

Unrealized Appreciation

    $        66           $           —           $        —           $            66   

Unrealized Depreciation

    (335)           —           —           (335)   

Forwards Contracts *

       

Unrealized Appreciation

    —           9,677           —           9,677   

Unrealized Depreciation

    —           (7,258)           —           (7,258)   

OTC Swaps

       

Interest Rate Swaps *

       
Other Financial Instruments   Level 1      Level 2      Level 3      Total   

Unrealized Appreciation

  $ —      $ 1,645      $ —      $ 1,645   

Unrealized Depreciation

    —        (3,109)        —        (3,109)   

Cross Currency Swaps *

       

Unrealized Depreciation

    —        (909)        —        (909)   

Centrally Cleared Swaps

       

Interest Rate Swaps *

       

Unrealized Depreciation

    —        (6)        —        (6)   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Other Financial Instruments

   $   (269)       $ 41       $      —       $ 228   
 

 

 

   

 

 

   

 

 

   

 

 

 

(1) Of the $9,266 ($ Thousands) in Level 3 securities as of December 31, 2016, $9,266 ($ Thousands) or 0.68% as a percent of net assets 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 significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets.

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

 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2016    13


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2016

 

Emerging Markets Debt Fund (Concluded)

 

For the period ended December 31, 2016, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended December 31, 2016, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

    

 

 

 

14    SEI Institutional International Trust / Quarterly Report / December 31, 2016


Item 2. Controls and Procedures

(a) The Registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”), are effective based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)) as amended as of a date within 90 days of the filing date of the 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 (17 CFR 270.30a-3(d)) that occurred during the last fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

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


SIGNATURES

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

 

  SEI Institutional International Trust
By  

/s/ Robert A. Nesher

  Robert A. Nesher, President

Date: March 1, 2017

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

Date: March 1, 2017

 

By  

/s/ James J. Hoffmayer

  James J. Hoffmayer, Controller & CFO

Date: March 1, 2017