N-Q 1 d524736dnq.htm INSTITUTIONAL INTERNATIONAL TRUST (SIT) Institutional International Trust (SIT)

 

 

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, 2018

Date of reporting period: December 31, 2017

 

 

 


Item 1. Schedule of Investments


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Equity Fund

 

Description    Shares     

Market Value

($ Thousands)

 

COMMON STOCK — 93.3%

 

Argentina — 0.0%

 

Ternium SA ADR

     27,562      $ 871  
     

 

 

 

Australia — 2.2%

 

a2 Milk Co Ltd *

     219,154        1,262  

AGL Energy Ltd

     114,498        2,178  

Alumina Ltd

     358,427        681  

Aristocrat Leisure Ltd

     764,014        14,169  

ASX Ltd

     24,116        1,035  

Bank of Queensland Ltd

     63,761        634  

BlueScope Steel Ltd

     328,744        3,943  

Brambles Ltd

     268,377        2,114  

Challenger Ltd/Australia

     94,687        1,038  

CIMIC Group Ltd

     16,152        650  

Cochlear Ltd

     55,483        7,430  

Computershare Ltd

     85,319        1,084  

CSL Ltd

     166,320        18,372  

CSR Ltd

     178,014        662  

Dexus‡

     119,661        912  

Downer EDI Ltd

     147,742        799  

Goodman Group‡

     208,880        1,377  

Insurance Australia Group Ltd

     1,515,472        8,577  

LendLease Group

     97,759        1,251  

Macquarie Group Ltd

     21,251        1,654  

Mineral Resources Ltd

     36,515        604  

National Australia Bank Ltd

     29,161        674  

Newcrest Mining Ltd

     78,612        1,404  

Orica Ltd

     40,754        576  

OZ Minerals Ltd

     485,890        3,479  

Qantas Airways Ltd

     2,343,806        9,242  

SEEK Ltd

     13,392        199  

South32 Ltd

     3,048,099        8,296  

Treasury Wine Estates Ltd

     78,004        974  
     

 

 

 
        95,270  
     

 

 

 

Austria — 0.7%

 

ANDRITZ AG

     117,300        6,632  

BAWAG Group AG *(A)

     120,513        6,434  

CA Immobilien Anlagen AG

     32,000        992  

Erste Group Bank AG *

     34,771        1,508  

Lenzing AG

     1,907        242  

OMV AG

     170,296        10,803  

Raiffeisen Bank International AG *

     55,749        2,022  

voestalpine AG

     18,117        1,084  
     

 

 

 
        29,717  
     

 

 

 

Belgium — 1.1%

     

Ageas

     438,898        21,458  

AGFA-Gevaert NV *

     70,231        328  

bpost SA

     21,238        648  

Groupe Bruxelles Lambert SA

     123,200        13,313  

KBC Ancora

     7,853        495  

KBC Group NV

     77,318        6,602  
Description    Shares     

Market Value

($ Thousands)

 

COMMON STOCK (continued)

     

Solvay SA

     8,006      $ 1,114  

UCB SA

     51,333        4,079  
     

 

 

 
        48,037  
     

 

 

 

Brazil — 0.4%

     

Embraer SA

     1,941,200        11,704  

Raia Drogasil SA *

     238,200        6,592  
     

 

 

 
        18,296  
     

 

 

 

Canada — 3.4%

     

Alimentation Couche-Tard Inc, Cl B

     205,725        10,769  

Bank of Montreal

     61,400        4,929  

Canadian Imperial Bank of Commerce (B)

     149,251        14,597  

Canadian Natural Resources Ltd

     322,116        11,506  

Canadian Pacific Railway Ltd

     105,325        19,306  

Cogeco Communications Inc

     10,970        757  

Dollarama Inc

     57,809        7,246  

Encana Corp

     1,674,849        22,417  

Entertainment One Ltd

     114,501        504  

Gildan Activewear Inc

     390,084        12,643  

Manulife Financial Corp

     671,300        14,048  

Royal Bank of Canada

     141,893        11,625  

Suncor Energy Inc

     221,650        8,164  

Toronto-Dominion Bank/The

     173,386        10,192  
     

 

 

 
        148,703  
     

 

 

 

China — 1.7%

     

Alibaba Group Holding Ltd ADR *

     96,900        16,708  

Baidu Inc ADR *

     122,000        28,574  

China Lodging Group Ltd ADR

     29,234        4,222  

Sinopharm Group Co Ltd, Cl H

     103,600        448  

STMicroelectronics NV

     520,327        11,375  

Tencent Holdings Ltd

     222,800        11,571  
     

 

 

 
        72,898  
     

 

 

 

Denmark — 1.8%

     

Bavarian Nordic A/S *

     35,887        1,298  

Chr Hansen Holding A/S

     120,221        11,285  

Coloplast A/S, Cl B

     67,104        5,341  

Danske Bank A/S

     35,259        1,374  

Dfds A/S

     10,974        586  

H Lundbeck A/S

     173,189        8,799  

ISS A/S

     473,232        18,340  

Novozymes A/S, Cl B

     184,593        10,554  

Orsted A/S (A)

     27,445        1,499  

Scandinavian Tobacco Group A/S (A)

     783,114        15,156  

Schouw & Co AB

     5,421        508  

Vestas Wind Systems A/S

     27,552        1,906  

William Demant Holding A/S *

     6,365        178  
     

 

 

 
        76,824  
     

 

 

 

Finland — 0.8%

     

Elisa OYJ, Cl A

     13,503        530  

Kone OYJ, Cl B

     3,418        184  

Neste Oyj

     183,663        11,766  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     1  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Equity Fund (Continued)

 

Description    Shares     

Market Value

($ Thousands)

 

COMMON STOCK (continued)

     

Nokian Renkaat OYJ

     15,285      $ 694  

Orion Oyj, Cl B

     65,970        2,462  

Sanoma OYJ

     31,234        408  

Stora Enso OYJ, Cl R

     484,560        7,692  

UPM-Kymmene OYJ

     240,187        7,473  

Valmet OYJ

     34,652        684  

Wartsila OYJ Abp, Cl B

     13,603        859  
     

 

 

 
        32,752  
     

 

 

 

France — 7.2%

     

Aeroports de Paris

     4,735        901  

Air France-KLM *

     493,305        8,044  

Air Liquide SA

     53,132        6,702  

Airbus SE

     35,136        3,502  

Arkema SA

     90,105        10,988  

Atos SE

     55,766        8,126  

BNP Paribas SA

     143,414        10,720  

Boiron SA

     1,900        171  

Bouygues SA

     6,274        326  

Carrefour SA

     692,722        15,006  

Cie Generale des Etablissements Michelin, Cl B

     6,044        868  

CNP Assurances

     77,957        1,802  

Credit Agricole SA

     166,975        2,767  

Dassault Systemes SE

     69        7  

Derichebourg SA

     85,621        937  

Eiffage SA

     2,258        248  

Elior Group SA (A)

     81,870        1,693  

Engie SA

     535,746        9,222  

Eramet *

     2,845        338  

Essilor International Cie Generale d’Optique SA

     64,582        8,914  

Eurazeo SA

     6,620        612  

Eurofins Scientific SE

     9,752        5,944  

Eutelsat Communications SA

     27,699        642  

Hermes International

     22,424        12,016  

Ipsen SA

     56,467        6,751  

IPSOS

     18,645        687  

Kering

     14,167        6,686  

Les Nouveaux Constructeurs SA

     767        47  

L’Oreal SA

     34,312        7,620  

LVMH Moet Hennessy Louis Vuitton SE

     44,187        13,021  

Natixis SA

     176,188        1,396  

Nexity SA

     18,692        1,114  

Pernod Ricard SA

     57,615        9,129  

Peugeot SA

     502,549        10,232  

Publicis Groupe SA

     227,813        15,497  

Safran SA

     37,216        3,839  

Sanofi

     167,842        14,481  

Schneider Electric SE

     397,743        33,843  

SCOR SE

     28,161        1,134  

Societe Generale SA

     259,539        13,417  
Description    Shares      Market Value
($ Thousands)
 

COMMON STOCK (continued)

     

Sodexo SA

     60,894      $ 8,193  

SPIE SA

     261,185        6,807  

Television Francaise 1

     49,421        729  

Thales SA

     113,724        12,274  

TOTAL SA

     148,479        8,210  

Ubisoft Entertainment SA *

     8,906        686  

Valeo SA

     304,907        22,799  

Vetoquinol SA

     352        26  

Wendel SA

     2,560        444  

Zodiac Aerospace

     32,525        974  
     

 

 

 
        310,532  
     

 

 

 

Germany — 6.9%

     

adidas AG

     62,602        12,565  

Allianz SE

     109,513        25,183  

Aroundtown SA

     138,134        1,064  

AURELIUS Equity Opportunities SE & Co KGaA (B)

     198,164        13,554  

BASF SE

     263,658        29,045  

Beiersdorf AG

     125,056        14,701  

Brenntag AG

     91,547        5,801  

Commerzbank AG *

     43,997        661  

Continental AG

     31,340        8,469  

Covestro AG (A)

     21,740        2,246  

CTS Eventim AG & Co KGaA

     181,573        8,465  

Deutsche Boerse AG

     137,636        15,998  

Deutsche Lufthansa AG

     413,508        15,254  

Deutsche Post AG

     15,467        738  

E.ON SE

     124,992        1,360  

Fraport AG Frankfurt Airport Services Worldwide

     3,663        404  

GEA Group AG

     3,635        175  

Gerresheimer AG

     7,417        616  

Hamburger Hafen und Logistik AG

     28,829        819  

Hannover Rueck SE

     25,488        3,211  

HeidelbergCement AG

     767        83  

Heidelberger Druckmaschinen AG *(B)

     275,287        950  

Hella GmbH & Co KGaA

     165,202        10,230  

HOCHTIEF AG (B)

     56,194        9,960  

HUGO BOSS AG

     1,958        167  

Infineon Technologies AG

     49,761        1,365  

Innogy SE (A)

     22,516        883  

KION Group AG

     116,570        10,076  

Kloeckner & Co SE

     96,437        1,192  

Koenig & Bauer AG

     16,801        1,268  

Linde AG *

     99,660        23,294  

MAN SE

     3,486        399  

Muenchener Rueckversicherungs-

     

Gesellschaft AG in Muenchen

     845        183  

OSRAM Licht AG

     2,304        207  

Puma SE

     3,173        1,383  

Rheinmetall AG

     7,870        1,000  
 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Equity Fund (Continued)

 

Description    Shares     

Market Value

($ Thousands)

 

COMMON STOCK (continued)

     

RWE AG *

     89,224      $ 1,821  

SAP SE

     251,583        28,231  

SAP SE ADR (B)

     121,800        13,686  

Siemens AG

     112,747        15,725  

Siltronic AG *

     2,621        382  

TAG Immobilien AG

     59,883        1,139  

Telefonica Deutschland Holding AG

     37,027        186  

TUI AG

     293,862        6,090  

Uniper SE *(B)

     127,601        3,984  

Vonovia SE

     15,751        783  

Wacker Chemie AG

     10,281        2,002  
     

 

 

 
        296,998  
     

 

 

 

Guernsey — 0.0%

     

Renewables Infrastructure Group Ltd/The

     189,016        278  
     

 

 

 

Hong Kong — 2.6%

     

AIA Group Ltd

     2,392,800        20,401  

ASM Pacific Technology Ltd

     314,600        4,383  

BOC Hong Kong Holdings Ltd

     604,500        3,062  

Chaoda Modern Agriculture Holdings Ltd *

     2,440,000        89  

China Merchants Port Holdings Co Ltd

     2,107,720        5,514  

China Mobile Ltd

     2,474,240        25,083  

CNOOC Ltd

     9,596,000        13,773  

Galaxy Entertainment Group Ltd *

     2,210,000        17,726  

Hang Seng Bank Ltd

     49,100        1,218  

Hongkong & Shanghai Hotels Ltd/The

     212,500        315  

I-CABLE Communications Ltd *

     2        –    

Jardine Matheson Holdings Ltd

     10,300        626  

Jardine Strategic Holdings Ltd

     4,000        158  

Melco Resorts & Entertainment Ltd ADR

     39,200        1,138  

MTR Corp Ltd

     40,000        234  

Samsonite International SA

     1,654,200        7,597  

Sands China Ltd

     277,200        1,431  

Swire Properties Ltd

     177,800        573  

Techtronic Industries Co Ltd

     1,413,500        9,213  
     

 

 

 
        112,534  
     

 

 

 

India — 0.2%

     

HDFC Bank Ltd ADR

     99,237        10,089  
     

 

 

 

Indonesia — 0.0%

     

Bukit Asam Persero Tbk PT

     1,795,500        325  
     

 

 

 

Ireland — 0.9%

     

AIB Group PLC

     2,502,100        16,525  

Experian PLC

     677,699        14,998  

Kerry Group PLC, Cl A

     5,916        664  

Ryanair Holdings PLC ADR *

     62,488        6,511  
     

 

 

 
        38,698  
     

 

 

 

Israel — 1.1%

     

Azrieli Group Ltd

     3,231        181  

Bank Hapoalim BM

     844,961        6,228  

Bank Leumi Le-Israel BM

     2,477,985        14,968  
Description    Shares     

Market Value

($ Thousands)

 

COMMON STOCK (continued)

     

Check Point Software Technologies Ltd *

     143,044      $ 14,822  

Elbit Systems Ltd

     5,507        738  

First International Bank Of Israel Ltd

     19,066        396  

Frutarom Industries Ltd

     6,781        638  

Israel Discount Bank Ltd, Cl A *

     324,589        945  

Mizrahi Tefahot Bank Ltd

     90,029        1,664  

Oil Refineries Ltd *

     535,142        256  

Teva Pharmaceutical Industries Ltd ADR *(B)

     404,476        7,665  
     

 

 

 
        48,501  
     

 

 

 

Italy — 3.2%

     

Autogrill SpA

     121,385        1,676  

Azimut Holding SpA

     273,670        5,248  

Brembo SpA

     199,866        3,041  

Buzzi Unicem SpA

     532,544        14,388  

CNH Industrial NV

     190,870        2,560  

Enel SpA

     313,467        1,931  

ERG SpA

     17,443        323  

EXOR NV

     108,880        6,681  

Ferrari NV

     88,346        9,277  

Fiat Chrysler Automobiles NV *

     1,064,754        19,063  

Hera SpA

     156,915        548  

Luxottica Group SpA

     114,558        7,036  

Maire Tecnimont SpA (B)

     114,992        596  

Prysmian SpA

     5,611        183  

Recordati SpA

     247,618        11,020  

Saras SpA

     692,920        1,668  

Societa Iniziative Autostradali e Servizi SpA

     109,883        2,048  

Tenaris SA (B)

     1,160,933        18,346  

UniCredit SpA *

     1,748,842        32,718  
     

 

 

 
        138,351  
     

 

 

 

Japan — 17.5%

     

77 Bank Ltd/The

     53,800        1,358  

AEON Financial Service Co Ltd

     10,800        251  

Aeon Mall Co Ltd

     17,800        348  

ANA Holdings Inc

     78,100        3,263  

Arcland Sakamoto Co Ltd

     44,400        720  

Asahi Glass Co Ltd

     191,200        8,295  

Asahi Group Holdings Ltd

     44,600        2,212  

Asahi Kasei Corp

     217,000        2,803  

Bank of Kyoto Ltd/The

     11,500        599  

Benesse Holdings Inc

     100,700        3,553  

Bridgestone Corp

     130,400        6,062  

Canon Inc

     22,400        836  

Canon Marketing Japan Inc

     144,800        3,913  

Central Japan Railway Co

     3,400        609  

Dai Nippon Printing Co Ltd

     486,500        10,848  

Daikin Industries Ltd

     115,500        13,667  

Daikyo Inc

     100,100        1,941  

Daito Trust Construction Co Ltd

     70,100        14,299  

Daiwa House Industry Co Ltd

     225,500        8,667  

Disco Corp

     6,000        1,334  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     3  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Equity Fund (Continued)

 

Description    Shares     

Market Value

($ Thousands)

 

COMMON STOCK (continued)

     

East Japan Railway Co

     221,000      $ 21,587  

en-japan Inc

     19,700        930  

Fuji Film Holdings

     262,900        10,747  

Fujitsu Ltd

     1,557,000        11,080  

Furukawa Electric Co Ltd

     76,900        3,796  

Goldcrest Co Ltd

     21,700        439  

GungHo Online Entertainment Inc *(B)

     191,400        527  

Haseko Corp

     390,200        6,064  

Hikari Tsushin Inc

     4,100        589  

Hitachi Construction Machinery Co Ltd

     17,700        644  

Hitachi Ltd

     1,265,000        9,850  

Hoya Corp

     123,400        6,164  

Hulic Co Ltd

     15,900        179  

Idemitsu Kosan Co Ltd

     6,500        261  

ITOCHU Corp

     178,100        3,327  

Japan Airlines Co Ltd

     711,900        27,863  

Japan Exchange Group Inc

     10,100        176  

Japan Tobacco Inc

     307,400        9,895  

JFE Holdings Inc

     8,600        206  

JXTG Holdings Inc

     374,600        2,417  

Kajima Corp

     101,000        972  

Kansai Electric Power Co Inc/The

     130,400        1,598  

Kansai Paint Co Ltd

     384,600        10,005  

Kao Corp

     116,500        7,880  

KDDI Corp

     948,000        23,631  

Keyence Corp

     87,300        48,854  

Kirin Holdings Co Ltd

     126,300        3,187  

Kohnan Shoji Co Ltd

     18,000        389  

Koito Manufacturing Co Ltd

     162,910        11,458  

Kokuyo Co Ltd

     67,700        1,258  

Komatsu Ltd

     351,100        12,736  

Konami Holdings Corp

     127,200        7,000  

Kose Corp

     54,400        8,508  

K’s Holdings Corp (B)

     62,200        1,595  

Kuraray Co Ltd

     55,200        1,041  

Kurita Water Industries Ltd

     6,900        224  

Kyocera Corp

     261,600        17,126  

Mabuchi Motor Co Ltd

     284,600        15,416  

Makita Corp

     1,000        42  

Marubeni Corp

     186,200        1,349  

McDonald’s Holdings Co Japan Ltd

     10,600        466  

Medipal Holdings Corp

     12,600        247  

MISUMI Group Inc

     13,900        405  

Mitsubishi Chemical Holdings Corp

     634,200        6,973  

Mitsubishi Gas Chemical Co Inc

     211,200        6,069  

Mitsubishi Tanabe Pharma Corp

     52,600        1,085  

Mitsui Chemicals Inc

     6,200        200  

Mixi Inc

     84,900        3,816  

Mochida Pharmaceutical Co Ltd

     6,000        460  

Morinaga Milk Industry Co Ltd

     29,000        1,314  

MS&AD Insurance Group Holdings Inc

     532,000        18,008  

Nabtesco Corp

     123,200        4,734  
Description    Shares     

Market Value

($ Thousands)

 

COMMON STOCK (continued)

     

NH Foods Ltd

     22,000      $ 535  

Nidec Corp

     10,700        1,502  

Nihon House Holdings Co Ltd

     46,100        300  

Nikon Corp

     321,700        6,485  

Nippon Express Co Ltd

     11,600        772  

Nippon Light Metal Holdings Co Ltd

     214,000        610  

Nippon Prologis REIT Inc‡

     138        292  

Nippon Soda Co Ltd

     166,000        1,109  

Nippon Telegraph & Telephone Corp

     94,300        4,441  

Nippon Telegraph & Telephone Corp ADR

     439,238        20,750  

Nippon Valqua Industries Ltd

     16,800        460  

Nitori Holdings Co Ltd

     11,300        1,613  

Nomura Real Estate Holdings Inc

     21,800        489  

Noritake Co Ltd/Nagoya Japan

     7,700        390  

North Pacific Bank Ltd

     232,900        780  

Oji Holdings Corp

     71,000        473  

Okasan Securities Group Inc *

     96,000        594  

Omron Corp

     310,700        18,551  

Oracle Corp Japan *

     7,300        605  

Oriental Land Co Ltd/Japan

     15,700        1,432  

Otsuka Corp

     8,100        622  

PALTAC CORPORATION

     85,600        3,905  

Panasonic Corp

     629,800        9,220  

Pigeon Corp

     270,964        10,326  

Plenus Co Ltd

     37,900        828  

Pola Orbis Holdings Inc

     16,000        562  

Prima Meat Packers Ltd

     145,000        1,067  

Recruit Holdings Co Ltd

     199,600        4,959  

Rohm Co Ltd

     149,100        16,507  

Ryohin Keikaku Co Ltd

     3,500        1,091  

Saizeriya Co Ltd

     84,600        2,833  

Santen Pharmaceutical Co Ltd

     446,200        7,012  

Sawada Holdings Co Ltd *

     3,700        37  

SBI Holdings Inc/Japan

     55,700        1,166  

Seiko Holdings Corp

     24,100        702  

Sekisui Chemical Co Ltd

     40,100        806  

Sekisui House Ltd

     632,800        11,433  

Seven & i Holdings Co Ltd

     244,700        10,164  

Shionogi & Co Ltd

     150,000        8,117  

Showa Corp

     20,500        255  

Showa Shell Sekiyu KK

     18,100        246  

SMC Corp/Japan

     27,900        11,482  

Sompo Holdings Inc

     120,400        4,659  

Square Enix Holdings Co Ltd

     14,500        690  

Start Today Co Ltd

     37,400        1,141  

Sumitomo Chemical Co Ltd

     71,000        510  

Sumitomo Corp

     151,800        2,582  

Sumitomo Dainippon Pharma Co Ltd

     64,600        960  

Sumitomo Heavy Industries Ltd

     245,800        10,408  

Sumitomo Metal Mining Co Ltd

     22,000        1,011  

Sumitomo Mitsui Financial Group Inc

     279,900        12,093  

Sumitomo Mitsui Trust Holdings Inc

     380,822        15,113  
 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Equity Fund (Continued)

 

Description    Shares     

Market Value

($ Thousands)

 

COMMON STOCK (continued)

     

Suzuken Co Ltd/Aichi Japan

     24,600      $ 1,013  

Suzuki Motor Corp

     12,300        714  

Sysmex Corp

     102,200        8,055  

Taiheiyo Cement Corp

     19,800        855  

Taisei Corp

     25,600        1,275  

Takeda Pharmaceutical Co Ltd

     395,700        22,487  

THK Co Ltd

     19,000        714  

TIS Inc

     53,400        1,866  

Tochigi Bank Ltd/The

     65,000        262  

Toho Co Ltd/Tokyo

     18,100        628  

Tokyo Electric Power Co Holdings Inc *

     845,200        3,343  

Tokyo Electron Ltd

     45,500        8,194  

Tokyu Fudosan Holdings Corp

     68,200        493  

Tosoh Corp

     129,500        2,937  

TOTO Ltd

     249,900        14,763  

Toyota Motor Corp

     107,600        6,884  

Toyota Motor Corp ADR (B)

     148,433        18,876  

Ube Industries Ltd

     215,300        6,326  

Ulvac Inc

     19,000        1,195  

Unipres Corp

     24,100        650  

United Urban Investment Corp‡

     124        178  

USS Co Ltd

     42,800        907  

Wacoal Holdings Corp

     418,852        13,234  

Warabeya Nichiyo Holdings Co Ltd

     13,300        377  

West Japan Railway Co

     8,800        643  

Yakult Honsha Co Ltd

     15,500        1,169  

Yamaha Motor Co Ltd

     8,800        289  

Yaskawa Electric Corp

     49,600        2,187  
     

 

 

 
        755,569  
     

 

 

 

Malaysia — 0.0%

     

Tenaga Nasional Bhd

     522,600        1,971  
     

 

 

 

Malta — 0.0%

     

BGP Holdings *(C)

     198,683        –    
     

 

 

 

Mexico — 0.3%

     

Alfa SAB de CV, Cl A

     4,914,400        5,438  

Wal-Mart de Mexico SAB de CV

     2,761,800        6,806  
     

 

 

 
        12,244  
     

 

 

 

Netherlands — 5.5%

     

ABN AMRO Group NV (A)

     81,140        2,621  

AerCap Holdings NV *

     179,600        9,449  

Akzo Nobel NV

     217,074        19,034  

ArcelorMittal *

     107,911        3,514  

ASML Holding NV

     118,129        20,589  

ASR Nederland NV

     95,581        3,937  

Coca-Cola European Partners PLC

     23,712        946  

Heineken Holding NV

     61,161        6,058  

Heineken NV

     78,149        8,158  

ING Groep NV

     1,540,768        28,354  

Koninklijke DSM NV

     271,149        25,940  

Koninklijke Volkerwessels NV

     17,328        494  
Description    Shares     

Market Value

($ Thousands)

 

COMMON STOCK (continued)

     

NN Group NV

     10,860      $ 471  

Randstad Holding NV

     4,455        274  

RELX NV

     103,853        2,390  

Royal Dutch Shell PLC, Cl A

     770,775        25,716  

Royal Dutch Shell PLC, Cl B

     800,975        27,180  

Royal Dutch Shell PLC ADR, Cl B (B)

     278,352        19,009  

Unilever NV

     284,992        16,069  

Wolters Kluwer NV

     313,851        16,386  
     

 

 

 
        236,589  
     

 

 

 

New Zealand — 0.1%

     

Air New Zealand Ltd

     896,722        2,034  

Meridian Energy Ltd

     245,798        511  

Spark New Zealand Ltd

     279,897        723  
     

 

 

 
        3,268  
     

 

 

 

Norway — 1.2%

     

Aker Solutions ASA *

     1,623,185        9,166  

Marine Harvest ASA *

     937,267        15,928  

Norsk Hydro ASA

     1,591,158        12,129  

Storebrand ASA, Cl A

     69,792        571  

Telenor ASA

     650,214        13,983  
     

 

 

 
        51,777  
     

 

 

 

Portugal — 0.0%

     

Altri SGPS SA

     49,972        310  

Galp Energia SGPS SA, Cl B

     54,607        1,005  

Navigator Co SA/The

     50,665        259  
     

 

 

 
        1,574  
     

 

 

 

Russia — 0.2%

     

Yandex NV, Cl A *

     230,338        7,544  
     

 

 

 

Singapore — 1.2%

     

CapitaLand Commercial Trust‡

     479,800        693  

City Developments Ltd

     1,516,300        14,171  

DBS Group Holdings Ltd

     855,600        15,910  

Hong Leong Finance Ltd

     56,400        115  

Oversea-Chinese Banking Corp Ltd

     1,335,700        12,384  

Singapore Airlines Ltd

     133,700        1,067  

Singapore Technologies Engineering Ltd

     2,810,400        6,856  

United Overseas Bank Ltd

     12,800        253  

UOL Group Ltd

     145,200        964  

Venture Corp Ltd

     12,600        193  
     

 

 

 
        52,606  
     

 

 

 

South Africa — 0.1%

     

Investec PLC

     416,323        3,018  

Reunert Ltd

     58,815        343  
     

 

 

 
        3,361  
     

 

 

 

South Korea — 2.4%

     

KT Corp ADR

     490,614        7,658  

LG Display Co Ltd ADR

     309,560        4,260  

LG Electronics Inc

     7,612        754  

Samsung Electronics Co Ltd

     18,310        43,579  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     5  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Equity Fund (Continued)

 

Description    Shares      Market Value
($ Thousands)
 

COMMON STOCK (continued)

     

SK Hynix Inc

     87,692      $ 6,266  

SK Telecom Co Ltd

     85,516        21,328  

SK Telecom Co Ltd ADR

     675,621        18,857  
     

 

 

 
        102,702  
     

 

 

 

Spain — 1.6%

     

Abertis Infraestructuras SA

     76,417        1,702  

ACS Actividades de Construccion y Servicios SA

     295,899        11,590  

Aena SME SA (A)

     12,135        2,463  

Amadeus IT Group SA, Cl A

     25,424        1,835  

Banco Bilbao Vizcaya Argentaria SA

     1,277,983        10,914  

Bankinter SA

     131,920        1,252  

CaixaBank SA

     1,775,745        8,293  

Ebro Foods SA

     26,244        615  

Ence Energia y Celulosa SA

     75,481        498  

Endesa SA

     74,239        1,592  

Grifols SA

     7,049        207  

Iberdrola SA

     261,042        2,025  

Industria de Diseno Textil SA

     126,549        4,414  

International Consolidated Airlines Group SA

     97,940        851  

Melia Hotels International SA

     58,045        802  

Papeles y Cartones de Europa SA

     16,428        223  

Red Electrica Corp SA

     30,794        692  

Repsol SA (B)

     209,193        3,704  

Unicaja Banco SA *(A)

     9,030,205        14,248  

Vidrala SA

     2,257        229  
     

 

 

 
        68,149  
     

 

 

 

Sweden — 1.9%

     

Alfa Laval AB

     384,287        9,096  

Atlas Copco AB, Cl A

     450,056        19,470  

Atlas Copco AB, Cl B

     33,233        1,277  

Boliden AB

     44,645        1,530  

Electrolux AB, Cl B

     319,001        10,298  

Granges AB

     77,757        800  

Hemfosa Fastigheter AB

     53,421        717  

Hufvudstaden AB, Cl A

     46,579        747  

Investor AB, Cl B

     45,869        2,096  

Loomis AB, Cl B

     5,158        217  

Millicom International Cellular SA

     178,562        12,082  

Nordea Bank AB

     530,722        6,437  

Oriflame Holding AG

     48,931        2,022  

Sandvik AB

     491,957        8,634  

Volvo AB, Cl B

     427,759        7,978  
     

 

 

 
        83,401  
     

 

 

 

Switzerland — 7.1%

     

ABB Ltd

     983,421        26,359  

Adecco Group AG

     188,260        14,402  

Aryzta AG

     242,744        9,628  

Baloise Holding AG

     8,304        1,293  

Barry Callebaut AG *

     246        513  

Cie Financiere Richemont SA

     301,410        27,311  
Description    Shares     

Market Value

($ Thousands)

 

COMMON STOCK (continued)

     

Coca-Cola HBC AG

     45,286      $ 1,483  

Emmi AG

     1,041        749  

EMS-Chemie Holding AG

     1,356        905  

Ferguson PLC

     52,499        3,785  

Geberit AG

     1,552        684  

Givaudan SA

     4,895        11,312  

Julius Baer Group Ltd

     156,386        9,565  

Kuehne + Nagel International AG

     6,847        1,212  

LafargeHolcim Ltd *

     2,471        139  

Lonza Group AG

     44,208        11,945  

Nestle SA

     327,622        28,173  

Novartis AG

     342,167        28,932  

Pargesa Holding SA

     1,843        160  

Partners Group Holding AG

     14,316        9,813  

Roche Holding AG

     174,363        44,105  

Schindler Holding AG

     4,750        1,088  

SGS SA

     4,389        11,444  

Sika AG

     1,282        10,182  

Sonova Holding AG

     43,120        6,735  

Straumann Holding AG

     5,857        4,138  

Swiss Life Holding AG

     39,998        14,161  

Swiss Re AG

     57,488        5,383  

Swisscom AG

     518        276  

Tecan Group AG

     3,617        752  

UBS Group AG

     393,725        7,248  

Zurich Insurance Group AG

     49,820        15,163  
     

 

 

 
        309,038  
     

 

 

 

Taiwan — 0.5%

     

Formosa Advanced Technologies Co Ltd

     207,000        219  

Generalplus Technology Inc

     257,000        467  

HannStar Display Corp

     7,204,000        2,414  

Hon Hai Precision Industry Co Ltd

     2,468,764        7,900  

IEI Integration Corp

     160,000        211  

Primax Electronics Ltd

     164,000        436  

Simplo Technology Co Ltd

     208,000        1,165  

Taiwan Semiconductor Manufacturing Co Ltd ADR

     250,840        9,946  

UPC Technology Corp

     733,000        464  
     

 

 

 
        23,222  
     

 

 

 

Thailand — 0.0%

     

Bangchak Corp PCL

     989,000        1,231  

Banpu PCL

     834,200        501  

Quality Houses PCL

     3,783,400        376  
     

 

 

 
        2,108  
     

 

 

 

Turkey — 0.1%

     

Tupras Turkiye Petrol Rafinerileri AS

     82,890        2,656  
     

 

 

 

United Kingdom — 14.6%

     

3i Group PLC

     360,582        4,456  

Abcam PLC

     27,895        398  

Anglo American PLC

     74,717        1,566  
 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

 

Antofagasta PLC

    16,494     $ 224  

Aon PLC

    75,147       10,070  

Ashtead Group PLC

    460,601       12,412  

Associated British Foods PLC

    114,741       4,377  

AstraZeneca PLC

    333,575       23,108  

Aviva PLC

    2,752,740       18,861  

BAE Systems PLC

    70,121       544  

Balfour Beatty PLC

    2,483,272       9,977  

Bank of Ireland Group PLC *

    1,635,957       14,046  

Barclays PLC

    13,826,704       37,988  

Barratt Developments PLC

    168,267       1,474  

Berkeley Group Holdings PLC

    66,360       3,768  

BHP Billiton PLC

    365,328       7,524  

BP PLC

    4,206,244       29,742  

BP PLC ADR

    189,922       7,982  

British American Tobacco PLC

    485,395       32,949  

Bunzl PLC

    293,630       8,230  

Burberry Group PLC

    84,160       2,040  

Carnival PLC

    286,118       18,934  

Cobham PLC *

    6,789,009       11,599  

Compass Group PLC

    1,221,361       26,435  

Cranswick PLC

    9,419       425  

DCC PLC

    63,735       6,436  

Diageo PLC

    317,136       11,690  

Evraz PLC

    403,207       1,854  

Genus PLC

    13,935       477  

GlaxoSmithKline PLC

    1,634,634       29,244  

Glencore PLC

    665,601       3,512  

Hargreaves Lansdown PLC

    19,557       477  

Hays PLC

    1,583,408       3,918  

Howden Joinery Group PLC

    1,103,780       6,970  

HSBC Holdings PLC

    631,069       6,547  

Imperial Brands PLC ADR

    12,508       534  

Inchcape PLC

    57,618       610  

Indivior PLC *

    326,107       1,801  

InterContinental Hotels Group PLC

    17,421       1,112  

Intertek Group PLC

    30,747       2,159  

Investec PLC

    407,105       2,946  

JD Sports Fashion PLC

    95,690       435  

Jupiter Fund Management PLC

    32,416       276  

Kingfisher PLC

    2,823,096       12,897  

Legal & General Group PLC

    1,050,190       3,883  

Lloyds Banking Group PLC

    22,000,597       20,256  

London Stock Exchange Group PLC

    23,888       1,226  

Micro Focus International PLC

    185,597       6,334  

Mondi PLC

    124,390       3,249  

NEX Group PLC

    75,308       618  

Pagegroup PLC

    91,024       576  

Pearson PLC

    54,655       544  

Persimmon PLC

    106,231       3,935  

Prudential PLC

    984,782       25,385  

QinetiQ Group PLC

    319,745       1,000  
Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

 

Randgold Resources Ltd

    5,326     $ 534  

Reckitt Benckiser Group PLC

    147,591       13,814  

Redrow PLC

    61,682       546  

RELX PLC

    706,429       16,618  

Rolls-Royce Holdings PLC

    34,059       390  

Royal Bank of Scotland Group PLC *

    5,800,199       21,813  

RSA Insurance Group PLC

    197,746       1,692  

Schroders PLC

    117,139       5,571  

Segro PLC‡

    191,650       1,522  

Smith & Nephew PLC

    47,772       832  

Smiths Group PLC

    435,634       8,781  

Spectris PLC

    197,961       6,660  

SSE PLC

    798,333       14,255  

SSP Group Plc

    45,002       416  

St James’s Place PLC

    550,831       9,135  

Standard Life Aberdeen PLC

    184,351       1,089  

Subsea 7 SA *

    428,725       6,447  

Tate & Lyle PLC

    322,683       3,069  

Taylor Wimpey PLC

    564,507       1,576  

Tesco PLC

    7,000,181       19,815  

Travis Perkins PLC

    508,433       10,778  

Unilever PLC

    17,544       979  

Vodafone Group PLC

    5,365,472       17,057  

Weir Group PLC/The

    473,423       13,596  

Worldpay Group PLC (A)

    673,791       3,883  
   

 

 

 
      630,898  
   

 

 

 

United States — 4.8%

   

Accenture PLC, Cl A

    99,226       15,191  

Agilent Technologies Inc

    87,266       5,844  

Axis Capital Holdings Ltd

    337,488       16,962  

Barracuda Networks Inc *

    154,086       4,237  

Canadian Pacific Railway Ltd

    79,234       14,481  

Chubb Ltd

    100,906       14,746  

Core Laboratories NV (B)

    101,951       11,169  

Delphi Automotive PLC *

    49,400       4,191  

Delphi Technologies PLC *

    16,467       864  

Facebook Inc, Cl A *

    48,528       8,563  

Flex Ltd *

    671,017       12,072  

ICON PLC *

    218,119       24,462  

Luxoft Holding Inc, Cl A *

    222,618       12,400  

Masonite International Corp *

    131,682       9,764  

Nielsen Holdings PLC

    145,200       5,285  

ProPetro Holding Corp *

    507,495       10,231  

Sensata Technologies Holding NV *

    157,900       8,070  

STMicroelectronics NV, Cl Y

    45,199       987  

TE Connectivity Ltd

    52,338       4,974  

Tower Semiconductor Ltd *

    92,600       3,156  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     7  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Equity Fund (Continued)

 

 

Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

   

UBS Group AG

    1,038,014     $ 19,089  
   

 

 

 
      206,738  
   

 

 

 

Total Common Stock
(Cost $3,333,000) ($ Thousands)

      4,035,089  
   

 

 

 

PREFERRED STOCK — 1.8%

   

Germany — 1.3%

   

FUCHS PETROLUB SE

    12,778       679  

Henkel AG & Co KGaA

    76,061       10,079  

Volkswagen AG

    231,634       46,297  
   

 

 

 
      57,055  
   

 

 

 

South Korea — 0.5%

   

Hyundai Motor Co

    99,732       8,729  

Samsung Electronics Co Ltd

    6,339       12,376  
   

 

 

 
      21,105  
   

 

 

 

Total Preferred Stock
(Cost $65,122) ($ Thousands)

      78,160  
   

 

 

 
Description   Number of
Rights
   

Market Value

($ Thousands)

 

RIGHTS — 0.0%

   

Spain — 0.0%

   

Repsol SA *‡‡(B)

    209,193     $ 95  
   

 

 

 

Total Rights
(Cost $—) ($ Thousands)

 

    95  
   

 

 

 
    Shares        

AFFILIATED PARTNERSHIP — 1.6%

 

SEI Liquidity Fund, L.P.

   

1.350% **†(D)

    70,539,719       70,545  
   

 

 

 

Total Affiliated Partnership
(Cost $70,540) ($ Thousands)

      70,545  
   

 

 

 

CASH EQUIVALENT — 2.9%

   

SEI Daily Income Trust, Government Fund, Cl F

   

1.040%**†

    125,204,561       125,205  
   

 

 

 

Total Cash Equivalent
(Cost $125,205) ($ Thousands)

      125,205  
   

 

 

 

Total Investments in Securities— 99.6%
(Cost $3,593,867) ($ Thousands)

 

  $ 4,309,094  
   

 

 

 
 

 

A list of the open futures contracts held by the Fund at December 31, 2017, is as follows:

 

Type of

Contract

  

Number of

Contracts

Long

    

Expiration

Date

    

Notional Amount

(Thousands)

    

Value

(Thousands)

    

Unrealized

Appreciation

(Depreciation)

(Thousands)

 

DJ Euro Stoxx 50 Index

     1,228        Mar-2018      $ 51,506      $ 51,507      $ (1,118)    

FTSE 100 Index

     274        Mar-2018        27,148        28,311        757     

Hang Seng Index

     32        Jan-2018        6,058        6,129        74     

SPI 200 Index

     98        Mar-2018        11,303        11,536        18     

Topix Index

     213        Mar-2018        33,858        34,356        556     
        

 

 

 
         $ 129,873      $ 131,839      $ 287     
        

 

 

 

 

     Percentages are based on Net Assets of $4,326,393 ($ Thousands).

 

* Non-income producing security.

 

** Rate shown is the 7-day effective yield as of December 31, 2017.

 

Investment in Affiliated Security.

 

Real Estate Investment Trust

 

‡‡ Expiration date not available.

 

(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, 2017, the value of these securities amounted to $51,126 ($ Thousands), representing 1.18% of the Net Assets of the Fund.

 

(B) Certain securities or partial positions of certain securities are on loan at December 31, 2017. The total market value of securities on loan at December 31, 2017 was $68,419 ($ Thousands).

 

(C) Level 3 security in accordance with fair value hierarchy.
(D) This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of December 31, 2017 was $70,545 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

CV — Convertible Security

DJ — Dow Jones

DN— Discount Note

EUR — Euro

FTSE— Financial Times and Stock Exchange

Ltd. — Limited

PLC — Public Limited Company

Ser — Series

SPI — Share Price Index

 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Equity Fund (Continued)

 

TSX — Toronto Stock Exchange

The following is a list of the level of inputs used as of December 31, 2017, 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

  $ 4,031,739     $ 3,350     $     $ 4,035,089  

Preferred Stock

    78,160                   78,160  

Rights

    95                   95  

Affiliated Partnership

          70,545             70,545  

Cash Equivalent

    125,205                   125,205  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Investments in Securities

  $ 4,235,199     $ 73,895     $     $ 4,309,094  
 

 

 

   

 

 

   

 

 

   

 

 

 
       
Other Financial Instruments   Level 1     Level 2     Level 3     Total  

Futures Contracts *

       

Unrealized Appreciation

  $ 1,405     $     $     $ 1,405  

Unrealized Depreciation

    (1,118                 (1,118
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Other Financial Instruments

  $ 287     $     $     $ 287  
 

 

 

   

 

 

   

 

 

   

 

 

 

 

^A reconciliation of Level 3 instruments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to the net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

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

For the period ended December 31, 2017, 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, 2017, 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.

 

The following is a summary of the transactions with affiliates for the period ended December 31, 2017 ($ Thousands):

 

Security Description  

Value

9/30/2017

   

Purchases

at Cost

   

Proceeds

from Sales

   

Realized Gain

(Loss)

   

Change in Unrealized

Appreciation

(Depreciation)

   

Value

12/31/2017

   

Dividend

Income

 

SEI Liquidity Fund, L.P.

    $131,091       $196,561       $(257,110)       $2       $1       $70,545       $215  

SEI Daily Income Trust, Government Fund, Cl F

    106,620       57,658       (39,073                 125,205       249  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    $237,711       $254,219       $(296,183)       $2       $1       $195,750       $464  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     9  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Equity Fund

 

Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK — 93.6%

   

Argentina — 0.6%

   

Arcos Dorados Holdings Inc, Cl A *

    240,500     $ 2,489  

Cresud SACIF y A ADR (A)

    84,609       1,869  

Grupo Supervielle SA ADR

    25,166       738  

IRSA Inversiones y Representaciones SA ADR

    75,700       2,241  

Pampa Energia SA ADR *

    18,416       1,239  

YPF SA ADR

    151,273       3,466  
   

 

 

 
      12,042  
   

 

 

 

Austria — 0.1%

   

Erste Group Bank AG *

    66,361       2,877  
   

 

 

 

Brazil — 5.7%

   

Ambev SA

    321,300       2,061  

Ambev SA ADR

    123,409       797  

Arezzo Industria e Comercio SA

    69,300       1,143  

Atacadao Distribuicao Comercio e Industria Ltda *

    965,900       4,441  

B2W Cia Digital *

    1,495,884       9,245  

B3 SA - Brasil Bolsa Balcao *

    668,200       4,589  

Banco Bradesco SA ADR *

    947,342       9,701  

Banco do Brasil SA *

    121,200       1,163  

Banco Santander Brasil SA ADR

    184,442       1,783  

BB Seguridade Participacoes SA

    140,100       1,203  

BK Brasil Operacao e Assessoria a Restaurantes SA *

    589,393       3,109  

BRF SA ADR *(A)

    182,300       2,053  

CCR SA

    174,013       847  

Cia de Saneamento Basico do Estado de Sao Paulo *

    43,800       453  

Cielo SA

    88,600       628  

Cosan SA Industria e Comercio

    237,400       2,970  

EDP - Energias do Brasil SA *

    381,800       1,611  

Energisa SA

    587,914       4,839  

Engie Brasil Energia SA

    94,600       1,013  

Estacio Participacoes SA

    123,400       1,221  

Fleury SA

    123,200       1,100  

Hypermarcas SA

    551,460       5,985  

Kroton Educacional SA

    745,400       4,135  

Localiza Rent a Car SA *

    98,500       655  

Lojas Renner SA

    173,490       1,856  

Magazine Luiza SA

    79,600       1,925  

MRV Engenharia e Participacoes SA

    225,000       1,020  

Petrobras Distribuidora SA *

    595,886       3,072  

Petroleo Brasileiro SA ADR *(A)

    1,363,056       14,026  

Porto Seguro SA *

    69,700       763  

Qualicorp SA

    165,607       1,548  

Rumo SA *

    1,948,340       7,618  

Suzano Papel e Celulose SA *

    318,200       1,793  

Telefonica Brasil SA ADR

    359,085       5,325  

TIM Participacoes SA ADR

    247,200       4,773  

Vale SA *

    31,500       382  
Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

   

Vale SA ADR, Cl B *

    434,472     $ 5,314  
   

 

 

 
      116,160  
   

 

 

 

Canada — 0.9%

   

First Quantum Minerals Ltd

    1,104,808       15,528  

Pan American Silver Corp

    48,994       762  

Parex Resources Inc *

    166,806       2,418  
   

 

 

 
      18,708  
   

 

 

 

Chile — 0.6%

   

Banco Santander Chile

    14,355,344       1,125  

CAP SA

    18,839       241  

Cencosud SA

    592,565       1,751  

Cia Cervecerias Unidas SA ADR

    74,377       2,200  

Embotelladora Andina SA ADR, Cl B

    10,559       305  

Empresas COPEC SA

    85,072       1,344  

Enel Generacion Chile SA

    557,757       505  

SACI Falabella

    376,290       3,753  

Sociedad Quimica y Minera de Chile SA ADR

    26,800       1,591  
   

 

 

 
      12,815  
   

 

 

 

China — 20.0%

   

AAC Technologies Holdings Inc

    86,633       1,545  

Agricultural Bank of China Ltd

    15,449,932       7,194  

Air China Ltd

    1,294,000       1,569  

Alibaba Group Holding Ltd ADR *

    289,012       49,834  

Angang Steel Co Ltd (A)

    8,756,768       8,009  

Anhui Conch Cement Co Ltd (A)

    816,000       3,836  

ANTA Sports Products Ltd (A)

    1,018,069       4,617  

Baidu Inc ADR *

    134,309       31,457  

Bank of China Ltd

    11,291,105       5,546  

Beijing Capital International Airport Co Ltd

    1,088,000       1,640  

Changyou.com Ltd ADR *

    98,500       3,588  

China Construction Bank Corp

    16,989,379       15,648  

China Life Insurance Co Ltd

    1,280,000       4,020  

China Merchants Bank Co Ltd

    913,576       3,635  

China National Building Material Co Ltd (A)

    9,204,000       8,230  

China Petroleum & Chemical Corp

    5,914,839       4,336  

China Railway Construction Corp Ltd

    784,000       909  

China Shenhua Energy Co Ltd

    1,956,500       5,068  

China Telecom Corp Ltd

    2,508,000       1,193  

China Vanke Co Ltd

    842,700       3,363  

Chongqing Rural Commercial Bank Co Ltd

    1,798,612       1,270  

CITIC Securities Co Ltd

    3,312,400       6,830  

Ctrip.com International Ltd ADR *

    82,955       3,658  

Dongfeng Motor Group Co Ltd (A)

    1,348,000       1,631  

ENN Energy Holdings Ltd

    267,000       1,904  

Guangzhou R&F Properties Co Ltd

    1,758,400       3,963  

Hollysys Automation Technologies Ltd

    10,944       244  

Industrial & Commercial Bank of China Ltd

    35,671,868       28,702  

JD.com Inc ADR *

    133,592       5,533  

Jiangsu Expressway Co Ltd

    710,000       1,081  

Kingsoft Corp Ltd

    890,000       2,960  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     1  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

 

KWG Property Holding Ltd

    441,370     $ 515  

Longfor Properties Co Ltd

    327,000       819  

NetEase Inc ADR

    27,493       9,487  

New Oriental Education & Technology Group Inc ADR

    38,379       3,608  

PICC Property & Casualty Co Ltd

    2,567,700       4,934  

Ping An Insurance Group Co of China Ltd

    2,258,857       23,507  

SINA Corp/China *

    147,459       14,792  

Sinopec Engineering Group Co Ltd

    787,000       745  

Sinopec Shanghai Petrochemical Co Ltd

    7,018,000       3,995  

Sinotrans Ltd

    1,241,000       608  

Sinotruk Hong Kong Ltd

    435,000       490  

Sohu.com Inc *(A)

    171,500       7,435  

Tencent Holdings Ltd

    1,407,025       73,075  

Tingyi Cayman Islands Holding Corp

    2,254,000       4,383  

TravelSky Technology Ltd

    317,000       951  

Tsingtao Brewery Co Ltd (A)

    288,000       1,485  

Uni-President China Holdings Ltd

    3,953,400       3,307  

Vipshop Holdings Ltd ADR *

    302,639       3,547  

Want Want China Holdings Ltd

    2,491,000       2,087  

Weibo Corp ADR *

    36,141       3,739  

Weichai Power Co Ltd

    1,140,000       1,248  

Zhejiang Expressway Co Ltd

    2,242,000       2,464  

Zhuzhou CRRC Times Electric Co Ltd

    1,038,600       6,756  

ZTE Corp *(A)

    411,000       1,543  

ZTO Express Cayman Inc ADR *

    470,279       7,454  
   

 

 

 
      405,987  
   

 

 

 

Colombia — 0.1%

   

Bancolombia SA ADR, Cl R

    50,378       1,998  
   

 

 

 

Czech Republic — 0.2%

   

CEZ AS

    26,401       617  

Komercni banka as

    68,250       2,937  
   

 

 

 
      3,554  
   

 

 

 

Egypt — 0.2%

   

Commercial International Bank Egypt SAE GDR

    911,421       3,960  
   

 

 

 

Greece — 0.4%

   

Eurobank Ergasias SA *

    4,569,650       4,664  

JUMBO SA

    18,292       328  

National Bank of Greece SA *

    9,852,553       3,774  
   

 

 

 
      8,766  
   

 

 

 

Hong Kong — 8.6%

   

ASM Pacific Technology Ltd

    290,000       4,040  

Beijing Enterprises Holdings Ltd

    474,200       2,815  

Beijing Enterprises Water Group Ltd (A)

    4,212,000       3,260  

Brilliance China Automotive Holdings Ltd (A)

    4,882,808       13,054  

Chaoda Modern Agriculture Holdings Ltd *

    2,056,181       75  

China Conch Venture Holdings Ltd

    1,300,500       3,011  

China Everbright International Ltd (A)

    8,328,100       11,889  

China Gas Holdings Ltd (A)

    1,042,000       2,879  
Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

   

China High Precision Automation Group Ltd *(B)

    1,385,624     $ –    

China Huarong Asset Management Co Ltd (C)

    2,192,000       1,035  

China Medical System Holdings Ltd

    5,452,200       12,708  

China Mengniu Dairy Co Ltd *

    1,358,000       4,039  

China Mobile Ltd

    1,189,041       12,054  

China Mobile Ltd ADR

    191,585       9,683  

China Overseas Land & Investment Ltd

    264,000       849  

China Power International Development Ltd

    773,000       203  

China Resources Power Holdings Co Ltd

    408,000       760  

China State Construction International Holdings Ltd

    5,133,923       7,185  

China Taiping Insurance Holdings Co Ltd

    545,391       2,044  

China Travel International Investment Hong Kong Ltd

    1,160,000       432  

CITIC Ltd

    3,032,000       4,375  

CNOOC Ltd

    6,159,607       8,841  

CSPC Pharmaceutical Group Ltd

    470,000       949  

Galaxy Entertainment Group Ltd *

    882,548       7,079  

Guangzhou Automobile Group Co Ltd

    1,862,000       4,411  

Haier Electronics Group Co Ltd

    1,211,100       3,315  

Hengan International Group Co Ltd

    286,000       3,174  

Kingboard Chemical Holdings Ltd

    89,500       484  

Kingboard Laminates Holdings Ltd

    227,000       354  

Li Ning Co Ltd *

    2,957,500       2,395  

Minth Group Ltd

    554,350       3,343  

Nine Dragons Paper Holdings Ltd

    945,000       1,513  

People’s Insurance Co Group of China Ltd/ The

    3,520,000       1,733  

Semiconductor Manufacturing International Corp *(A)

    6,130,455       10,603  

Shandong Weigao Group Medical Polymer Co Ltd

    992,000       722  

Shimao Property Holdings Ltd

    1,137,000       2,472  

Sihuan Pharmaceutical Holdings Group Ltd

    911,000       327  

Sino Biopharmaceutical Ltd

    3,537,200       6,271  

SMI Holdings Group Ltd

    1,887,200       990  

Sun Art Retail Group Ltd (A)

    1,977,000       2,089  

Sunny Optical Technology Group Co Ltd

    718,878       9,187  

Techtronic Industries Co Ltd

    772,500       5,035  

Xinyi Glass Holdings Ltd

    1,508,000       1,964  

Yuexiu Property Co Ltd

    4,450,000       831  
   

 

 

 
      174,472  
   

 

 

 

Hungary — 0.4%

   

MOL Hungarian Oil & Gas PLC

    186,118       2,165  

OTP Bank PLC

    70,243       2,915  

Richter Gedeon Nyrt

    73,724       1,935  
   

 

 

 
      7,015  
   

 

 

 

India — 9.8%

   

Adani Ports & Special Economic Zone Ltd

    1,142,512       7,275  

APS Holdings Corp *

    1       –    
 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

   

Aurobindo Pharma Ltd

    144,876     $ 1,567  

Axis Bank Ltd

    402,719       3,560  

Bajaj Auto Ltd

    134,023       7,005  

Bharat Forge Ltd

    323,712       3,721  

Bharat Petroleum Corp Ltd

    42,976       349  

Bharti Infratel Ltd

    1,628,721       9,675  

Cipla Ltd/India

    60,366       576  

Cummins India Ltd

    231,979       3,284  

Dabur India Ltd

    591,637       3,252  

Dewan Housing Finance Corp Ltd

    242,695       2,225  

Escorts Ltd

    350,562       4,342  

Glenmark Pharmaceuticals Ltd

    174,650       1,630  

HCL Technologies Ltd

    526,914       7,363  

HDFC Bank Ltd ADR

    76,059       7,733  

Hero MotoCorp Ltd

    27,556       1,638  

Hexaware Technologies Ltd

    83,114       444  

Hindalco Industries Ltd

    482,569       2,074  

Hindustan Petroleum Corp Ltd

    141,937       934  

Hindustan Unilever Ltd

    258,246       5,539  

Hindustan Zinc Ltd

    44,500       216  

Housing Development Finance Corp Ltd

    236,429       6,340  

ICICI Bank Ltd

    1,438,341       7,081  

ICICI Bank Ltd ADR

    1,040,402       10,123  

Indiabulls Housing Finance Ltd

    103,515       1,942  

Indian Oil Corp Ltd

    199,289       1,217  

Infosys Ltd

    404,796       6,621  

Infosys Ltd ADR (A)

    41,435       672  

ITC Ltd

    362,200       1,497  

Mahindra & Mahindra Financial Services Ltd

    608,596       4,517  

Maruti Suzuki India Ltd

    4,669       714  

Muthoot Finance Ltd

    90,238       672  

National Aluminium Co Ltd

    250,410       339  

NCC Ltd/India

    1,229,085       2,586  

NHPC Ltd

    1,474,397       756  

NMDC Ltd

    314,929       681  

Oil & Natural Gas Corp Ltd

    192,343       589  

Oil India Ltd

    59,237       346  

Parag Milk Foods Ltd (C)

    214,657       1,007  

PC Jeweller Ltd

    78,084       561  

Petronet LNG Ltd

    591,610       2,369  

Power Finance Corp Ltd

    1,158,976       2,214  

Power Grid Corp of India Ltd

    1,069,379       3,366  

Prestige Estates Projects Ltd

    276,256       1,382  

Reliance Industries Ltd

    527,337       7,633  

Reliance Industries Ltd GDR (C)

    762,422       21,767  

Rural Electrification Corp Ltd

    479,976       1,174  

SH Kelkar & Co Ltd (C)

    384,504       1,804  

Shriram Transport Finance Co Ltd

    200,276       4,667  

Sobha Ltd

    197,906       1,928  

Tata Chemicals Ltd

    191,289       2,200  

Tata Consultancy Services Ltd

    189,156       8,011  

Tata Global Beverages Ltd

    333,035       1,655  
Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

   

Tata Motors Ltd ADR *

    82,348     $ 2,723  

Tata Steel Ltd

    50,740       583  

Tech Mahindra Ltd

    285,304       2,256  

Vedanta Ltd

    1,283,729       6,642  

Yes Bank Ltd

    391,600       1,940  

Zee Entertainment Enterprises Ltd

    206,809       1,887  
   

 

 

 
      198,864  
   

 

 

 

Indonesia — 1.8%

   

Adaro Energy Tbk PT

    6,690,400       917  

Astra International Tbk PT

    4,876,900       2,983  

Bank Central Asia Tbk PT

    500,573       808  

Bank Negara Indonesia Persero Tbk PT

    3,751,300       2,737  

Bank Rakyat Indonesia Persero Tbk PT

    38,371,705       10,295  

Bukit Asam Persero Tbk PT

    5,179,000       939  

Indofood Sukses Makmur Tbk PT

    1,661,000       933  

Matahari Department Store Tbk PT

    4,045,600       2,982  

Perusahaan Gas Negara Persero Tbk

    13,294,300       1,715  

Sumber Alfaria Trijaya Tbk PT

    33,071,700       1,487  

Surya Citra Media Tbk PT

    8,230,800       1,505  

Telekomunikasi Indonesia Persero Tbk PT

    12,588,980       4,120  

United Tractors Tbk PT

    2,227,830       5,813  
   

 

 

 
      37,234  
   

 

 

 

Luxembourg — 0.2%

   

National Commercial Bank *

    271,335       3,851  
   

 

 

 

Malaysia — 0.4%

   

AirAsia Bhd

    1,878,200       1,555  

Genting Bhd

    256,500       583  

Hartalega Holdings Bhd

    425,000       1,121  

Inari Amertron Bhd

    3,322,650       2,791  

Petronas Dagangan Bhd

    73,700       442  

Top Glove Corp Bhd

    255,600       505  

UEM Sunrise Bhd *

    2,512,095       645  

Westports Holdings Bhd

    469,900       430  
   

 

 

 
      8,072  
   

 

 

 

Mexico — 2.8%

   

Alfa SAB de CV, Cl A

    654,000       724  

America Movil SAB de CV, Ser L

    935,074       810  

America Movil SAB de CV ADR, Cl L

    199,935       3,429  

Cemex SAB de CV ADR *

    173,183       1,299  

Coca-Cola Femsa SAB de CV ADR

    105,007       7,310  

El Puerto de Liverpool SAB de CV

    53,700       341  

Fomento Economico Mexicano SAB de CV

    375,600       3,550  

Fomento Economico Mexicano SAB de CV ADR

    43,415       4,077  

Genomma Lab Internacional SAB de CV, Cl B *

    158,600       166  

Gentera SAB de CV

    1,669,300       1,394  

Gruma SAB de CV, Cl B

    75,430       961  

Grupo Aeroportuario del Sureste SAB de CV, Cl B

    19,620       360  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     3  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

 

Grupo Financiero Banorte SAB de CV, Cl O

    1,331,243     $ 7,343  

Grupo Financiero Santander Mexico SAB de CV ADR

    409,203       2,991  

Grupo Financiero Santander Mexico SAB de CV, Cl B

    276,900       407  

Grupo GICSA SA de CV *

    2,047,600       964  

Grupo Mexico SAB de CV, Ser B

    1,291,771       4,287  

Grupo Televisa SAB ADR

    154,225       2,879  

Industrias Bachoco SAB de CV ADR

    5,760       330  

Infraestructura Energetica Nova SAB de CV

    533,700       2,624  

Megacable Holdings SAB de CV

    149,700       612  

Mexichem SAB de CV

    437,271       1,088  

Unifin Financiera SAB de CV SOFOM ENR

    564,300       1,932  

Wal-Mart de Mexico SAB de CV

    2,786,581       6,868  
   

 

 

 
      56,746  
   

 

 

 

Netherlands — 0.0%

   

VEON Ltd ADR

    221,060       849  
   

 

 

 

Norway — 0.1%

   

Yara International ASA

    19,697       907  
   

 

 

 

Panama — 0.0%

   

Copa Holdings SA, Cl A

    4,511       605  
   

 

 

 

Peru — 0.7%

   

Cia de Minas Buenaventura SAA ADR

    231,467       3,259  

Credicorp Ltd

    50,716       10,520  
   

 

 

 
      13,779  
   

 

 

 

Philippines — 0.8%

   

Ayala Corp

    90,400       1,838  

BDO Unibank Inc

    2,200,556       7,229  

Cebu Air Inc

    201,950       405  

DMCI Holdings Inc

    1,750,500       505  

Globe Telecom Inc

    10,370       395  

GT Capital Holdings Inc

    66,455       1,720  

International Container Terminal Services Inc

    166,080       351  

Metropolitan Bank & Trust Co

    1,257,210       2,554  

Pilipinas Shell Petroleum Corp

    798,590       976  

Semirara Mining & Power Corp, Cl A

    263,280       194  

Vista Land & Lifescapes Inc

    1,578,400       189  
   

 

 

 
      16,356  
   

 

 

 

Poland — 0.9%

   

Dino Polska SA *(C)

    241,183       5,469  

Energa SA

    234,489       859  

Grupa Lotos SA

    15,098       251  

KGHM Polska Miedz SA

    30,369       972  

PLAY Communications SA *(C)

    375,904       3,658  

Polski Koncern Naftowy ORLEN SA

    43,159       1,317  

Powszechna Kasa Oszczednosci Bank Polski SA*

    290,695       3,707  

Powszechny Zaklad Ubezpieczen SA

    121,358       1,472  
   

 

 

 
      17,705  
   

 

 

 
Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

 

Portugal — 0.2%

   

Galp Energia SGPS SA, Cl B

    234,150     $ 4,309  
   

 

 

 

Qatar — 0.0%

   

Industries Qatar QSC

    5,690       153  

Ooredoo QPSC

    30,110       752  
   

 

 

 
      905  
   

 

 

 

Russia — 4.4%

   

Detsky Mir PJSC

    952,100       1,587  

Etalon Group PLC GDR

    56,800       170  

Gazprom PJSC ADR

    1,390,124       6,130  

LUKOIL PJSC ADR

    250,785       14,431  

Mail.Ru Group Ltd GDR *

    145,968       4,124  

Mobile TeleSystems PJSC ADR

    134,675       1,372  

Novatek PJSC GDR

    241       28  

Novolipetsk Steel PJSC GDR

    120,162       3,067  

Rosneft Oil Co PJSC GDR

    476,460       2,378  

Sberbank of Russia PJSC

    714,120       2,793  

Sberbank of Russia PJSC ADR

    1,882,548       32,020  

Severstal PJSC GDR

    20,669       318  

Surgutneftegas OJSC ADR

    112,181       529  

X5 Retail Group NV GDR *

    335,510       12,672  

Yandex NV, Cl A *

    239,631       7,848  
   

 

 

 
      89,467  
   

 

 

 

South Africa — 4.7%

   

African Rainbow Minerals Ltd

    66,009       716  

Anglo American Platinum Ltd *

    10,280       293  

AngloGold Ashanti Ltd ADR

    58,100       592  

Aspen Pharmacare Holdings Ltd

    156,719       3,513  

AVI Ltd

    60,552       541  

Barclays Africa Group Ltd

    130,100       1,912  

Barloworld Ltd

    108,942       1,404  

Bid Corp Ltd

    141,785       3,447  

Capitec Bank Holdings Ltd

    37,645       3,339  

Discovery Ltd

    182,923       2,748  

Exxaro Resources Ltd

    391,219       5,135  

FirstRand Ltd

    1,614,180       8,768  

Foschini Group Ltd/The

    195,029       3,109  

Gold Fields Ltd ADR

    141,115       607  

Imperial Holdings Ltd

    99,439       2,106  

Investec Ltd

    73,203       531  

JSE Ltd

    243,200       3,022  

Kumba Iron Ore Ltd

    39,562       1,212  

Liberty Holdings Ltd

    190,704       1,917  

Life Healthcare Group Holdings Ltd

    1,582,254       3,547  

Mondi Ltd

    78,801       2,032  

Murray & Roberts Holdings Ltd

    269,889       264  

Naspers Ltd, Cl N

    70,149       19,554  

Novus Holdings Ltd

    26,043       12  

Petra Diamonds Ltd *

    822,133       867  

Pick n Pay Stores Ltd

    302,256       1,698  
 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

 

RMB Holdings Ltd

    139,580     $ 893  

Sappi Ltd

    142,953       1,033  

Sasol Ltd

    107,285       3,711  

SPAR Group Ltd/The

    110,108       1,808  

Standard Bank Group Ltd

    535,338       8,461  

Telkom SA SOC Ltd

    282,214       1,097  

Truworths International Ltd

    247,748       1,891  

Vodacom Group Ltd

    105,907       1,246  

Wilson Bayly Holmes-Ovcon Ltd

    45,758       575  

Woolworths Holdings Ltd/South Africa

    241,346       1,273  
   

 

 

 
      94,874  
   

 

 

 

South Korea — 13.1%

   

Amorepacific Corp (A)

    3,000       853  

BGF Co Ltd

    1       –    

BGF retail Co Ltd *

    17,850       3,502  

CJ CheilJedang Corp (A)

    3,767       1,288  

CJ O Shopping Co Ltd

    6,954       1,501  

Com2uSCorp (A)

    23,510       2,989  

Coway Co Ltd

    82,754       7,552  

DB Insurance Co Ltd

    19,852       1,320  

Doosan Bobcat Inc (A)

    109,941       3,676  

GS Home Shopping Inc

    3,528       714  

Hana Financial Group Inc

    76,368       3,552  

Hana Tour Service Inc

    12,434       1,196  

Hankook Tire Co Ltd

    33,651       1,716  

Hanmi Pharm Co Ltd *(A)

    1,042       569  

Hanon Systems

    173,727       2,256  

Hotel Shilla Co Ltd (A)

    8,593       681  

Hyosung Corp

    21,546       2,808  

Hyundai Development Co-Engineering & Construction

    23,939       862  

Hyundai Marine & Fire Insurance Co Ltd

    127,975       5,618  

Hyundai Mipo Dockyard Co Ltd *(A)

    8,973       660  

Hyundai Motor Co

    40,211       5,860  

Hyundai Robotics Co Ltd *

    10,150       3,612  

Industrial Bank of Korea

    73,832       1,134  

ING Life Insurance Korea Ltd (A)(C)

    122,823       6,127  

Kangwon Land Inc

    114,244       3,714  

KB Financial Group Inc

    32,028       1,897  

KB Financial Group Inc ADR

    60,897       3,563  

KCC Corp

    8,106       2,885  

Kia Motors Corp

    30,674       960  

Korea Aerospace Industries Ltd (A)

    142,083       6,298  

Korea Electric Power Corp

    31,351       1,117  

KT&G Corp (A)

    22,177       2,393  

LG Chem Ltd

    15,233       5,763  

LG Corp

    36,803       3,128  

LG Electronics Inc (A)

    24,943       2,470  

LG Household & Health Care Ltd

    4,557       5,061  

LG Uplus Corp

    248,144       3,245  

Lotte Chilsung Beverage Co Ltd (A)

    1,282       1,592  
Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

   

Lotte Confectionery Co Ltd *(A)

    4,779     $ 652  

Lotte Corp

    44,729       2,720  

LS Corp

    15,406       1,043  

Mando Corp

    26,905       7,753  

Meritz Fire & Marine Insurance Co Ltd (A)

    40,993       900  

NAVER Corp

    6,333       5,147  

NCSoft Corp (A)

    23,793       9,946  

Netmarble Games Corp *(A)(C)

    2,921       514  

NH Investment & Securities Co Ltd

    131,878       1,712  

Orion Corp/Republic of Korea *(A)

    31,938       3,118  

Partron Co Ltd (A)

    193,598       1,707  

POSCO

    19,313       5,998  

Samsung Electronics Co Ltd

    29,145       69,368  

Samsung Engineering Co Ltd *

    288,340       3,340  

Samsung Life Insurance Co Ltd

    25,835       3,004  

Samsung SDS Co Ltd

    1,952       365  

Seoul Semiconductor Co Ltd

    67,732       1,762  

SFA Engineering Corp (A)

    86,576       3,134  

Shinhan Financial Group Co Ltd

    11,348       524  

SK Holdings Co Ltd

    3,306       874  

SK Hynix Inc

    272,595       19,479  

SK Innovation Co Ltd

    12,226       2,335  

SK Telecom Co Ltd

    23,612       5,889  

SK Telecom Co Ltd ADR

    345,820       9,652  

SPC Samlip Co Ltd (A)

    10,475       1,531  

Woori Bank

    40,734       599  
   

 

 

 
      267,198  
   

 

 

 

Switzerland — 0.2%

   

Wizz Air Holdings Plc *(C)

    93,725       4,666  
   

 

 

 

Taiwan — 9.4%

   

Accton Technology Corp

    1,066,200       3,805  

Acer Inc

    1,462,000       1,189  

Advanced Ceramic X Corp

    118,900       1,597  

Advanced Semiconductor Engineering Inc

    2,490,745       3,195  

Airtac International Group

    215,681       3,881  

Asustek Computer Inc

    207,000       1,943  

Catcher Technology Co Ltd

    232,040       2,564  

Cathay Financial Holding Co Ltd

    2,445,584       4,394  

Chailease Holding Co Ltd

    562,404       1,639  

Chipbond Technology Corp

    479,000       909  

Compal Electronics Inc

    2,646,000       1,894  

CTBC Financial Holding Co Ltd

    4,391,000       3,023  

Cub Elecparts Inc

    21,621       199  

Delta Electronics Inc

    574,100       2,770  

Eclat Textile Co Ltd

    51,000       511  

Elite Advanced Laser Corp

    582,160       2,532  

Elite Material Co Ltd

    854,400       2,915  

eMemory Technology Inc

    163,200       2,345  

Epistar Corp *

    960,000       1,463  

First Financial Holding Co Ltd

    2,011,480       1,321  

FLEXium Interconnect Inc

    281,462       1,009  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     5  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

   

Formosa Chemicals & Fibre Corp

    295,000     $ 1,021  

Foxconn Technology Co Ltd

    1,719,570       4,938  

Gigabyte Technology Co Ltd

    667,000       1,212  

HannStar Display Corp

    1,511,000       506  

Hiwin Technologies Corp

    343,312       3,726  

Hon Hai Precision Industry Co Ltd

    4,721,303       15,109  

Hota Industrial Manufacturing Co Ltd

    1,370,251       6,778  

Hu Lane Associate Inc

    207,700       1,065  

Inventec Corp

    3,942,000       3,147  

Kingpak Technology Inc

    373,110       3,490  

King’s Town Bank Co Ltd

    424,000       531  

Largan Precision Co Ltd

    15,446       2,087  

Lite-On Technology Corp

    2,185,000       2,977  

MediaTek Inc

    1,491,079       14,734  

Merry Electronics Co Ltd

    139,000       911  

Micro-Star International Co Ltd

    1,539,000       3,962  

Nan Ya Plastics Corp

    201,000       526  

Nanya Technology Corp

    1,045,000       2,679  

Parade Technologies Ltd

    222,600       4,410  

Pegatron Corp

    828,000       2,005  

Phison Electronics Corp

    91,000       894  

President Chain Store Corp

    430,000       4,104  

Quanta Computer Inc

    267,000       555  

Silicon Motion Technology Corp ADR (A)

    54,540       2,889  

Simplo Technology Co Ltd

    38,000       213  

Taiwan Semiconductor Manufacturing Co Ltd

    6,235,717       48,032  

Taiwan Semiconductor Manufacturing Co Ltd ADR

    288,803       11,451  

Tripod Technology Corp

    61,000       191  

Walsin Lihwa Corp

    427,000       253  

Wistron Corp

    1       –    

Yuanta Financial Holding Co Ltd

    4,065,000       1,884  
   

 

 

 
      191,378  
   

 

 

 

Thailand — 2.0%

   

Bangkok Bank PCL (A)

    376,600       2,531  

Beauty Community PCL

    2,621,200       1,679  

CP ALL PCL (A)

    1,328,500       3,122  

CP ALL PCL NVDR

    1,549,000       3,640  

Kasikornbank PCL

    538,100       3,831  

Kiatnakin Bank PCL NVDR (A)

    371,900       905  

Krung Thai Bank PCL NVDR

    2,272,900       1,332  

Land & Houses PCL NVDR

    2,168,500       699  

Minor International PCL NVDR

    1,424,000       1,902  

Muangthai Leasing PCL

    875,100       1,042  

PTT Global Chemical PCL

    1,080,700       2,798  

PTT Global Chemical PCL NVDR

    266,300       689  

PTT PCL

    322,350       4,333  

PTT PCL NVDR

    65,400       879  

Siam Cement PCL/The

    61,000       917  

Star Petroleum Refining PCL NVDR

    312,800       164  

Thai Oil PCL

    2,099,700       6,674  
Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

   

Thai Oil PCL NVDR

    322,400     $ 1,025  

Thanachart Capital PCL NVDR

    552,800       954  

Tisco Financial Group PCL

    276,600       747  

Tisco Financial Group PCL NVDR

    154,800       418  
   

 

 

 
      40,281  
   

 

 

 

Turkey — 1.8%

   

Akbank Turk AS

    2,007,428       5,215  

Anadolu Efes Biracilik Ve Malt Sanayii AS

    192,588       1,229  

Arcelik AS

    339,972       1,930  

Aselsan Elektronik Sanayi Ve Ticaret AS (A)

    186,689       1,566  

Emlak Konut Gayrimenkul Yatirim Ortakligi AS *(A)‡

    2,636,441       1,954  

Eregli Demir ve Celik Fabrikalari TAS

    1,004,742       2,655  

Ford Otomotiv Sanayi AS

    109,692       1,743  

KOC Holding AS

    107,066       522  

Mavi Giyim Sanayi Ve Ticaret AS, Cl B *(C)

    133,500       2,042  

TAV Havalimanlari Holding AS

    270,328       1,601  

Tekfen Holding AS

    43,111       193  

Tofas Turk Otomobil Fabrikasi AS

    265,385       2,311  

Turkcell Iletisim Hizmetleri AS

    1,234,580       5,040  

Turkcell Iletisim Hizmetleri AS ADR (A)

    114,135       1,164  

Turkiye Garanti Bankasi AS

    1,369,118       3,871  

Turkiye Is Bankasi, Cl C

    506,871       932  

Ulker Biskuvi Sanayi AS

    373,314       1,937  
   

 

 

 
      35,905  
   

 

 

 

United Arab Emirates — 0.8%

   

Abu Dhabi Commercial Bank PJSC

    298,229       552  

Aldar Properties PJSC

    4,457,692       2,670  

DAMAC Properties Dubai Co PJSC

    1,085,072       975  

Dubai Investments PJSC

    1,589,682       1,043  

Dubai Islamic Bank PJSC

    1,906,601       3,213  

Emaar Development PJSC *

    1,664,000       2,306  

Emaar Properties PJSC

    2,611,962       4,936  

Emirates Telecommunications Group Co PJSC

    135,148       644  

First Abu Dhabi Bank PJSC

    231,914       647  
   

 

 

 
      16,986  
   

 

 

 

United Kingdom — 1.3%

   

Anglo American PLC

    137,932       2,848  

KAZ Minerals PLC *

    829,966       10,043  

Mail.Ru Group Ltd GDR *

    21,577       624  

Novatek PJSC GDR

    19,073       2,292  

RusHydro PJSC ADR

    692,509       831  

Tullow Oil PLC *(A)

    3,597,778       10,055  
   

 

 

 
      26,693  
   

 

 

 

United States — 0.2%

   

Bizlink Holding Inc

    67,000       628  

Globant SA *

    50,278       2,336  

Qudian Inc ADR *(A)

    53,800       675  

Sea Ltd ADR *(A)

    84,200       1,122  
   

 

 

 
      4,761  
   

 

 

 
 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 

COMMON STOCK (continued)

   

Vietnam — 0.2%

   

Vincom Retail JSC *

    1,666,000     $ 3,459  
   

 

 

 

Total Common Stock
(Cost $1,531,080) ($ Thousands)

 

    1,904,204  
   

 

 

 

PREFERRED STOCK — 2.4%

 

 

Brazil — 1.9%

   

Banco Bradesco SA *

    244,272       2,493  

Banco do Estado do Rio Grande do Sul SA

    232,000       1,042  

Braskem SA

    21,700       280  

Cia Brasileira de Distribuicao ADR *

    282,572       6,660  

Cia Energetica de Minas Gerais

    488,400       1,012  

Itau Unibanco Holding SA

    582,396       7,476  

Itau Unibanco Holding SA ADR

    392,354       5,101  

Itausa - Investimentos Itau SA

    1,239,010       4,041  

Metalurgica Gerdau SA, Cl A

    722,800       1,262  

Petroleo Brasileiro SA ADR, Cl A *

    479,437       4,713  

Randon SA Implementos e Participacoes

    679,900       1,470  

Telefonica Brasil SA

    194,600       2,852  
   

 

 

 
      38,402  
   

 

 

 

Colombia — 0.0%

   

Banco Davivienda SA

    45,419       456  

Bancolombia SA

    40,841       409  
   

 

 

 
      865  
   

 

 

 

South Korea — 0.5%

   

Samsung Electronics Co Ltd

    4,881       9,529  
   

 

 

 

Total Preferred Stock
(Cost $45,521) ($ Thousands)

 

    48,796  
   

 

 

 
    Number of
        Participation
Notes
       

PARTICIPATION NOTES — 1.8%

 

 

China — 0.3%

   

Wuliangye Yibin, Expires 06/29/2020

    525,700       6,454  
   

 

 

 

India — 0.1%

   

Zee Entertainment Enterprises Ltd, Expires 09/03/2019 *

    194,847       1,776  
   

 

 

 

Luxembourg — 0.4%

   

Hoa Phat Group JSC, Expires 11/20/2020 *

    786,731       1,605  

Mahindra & Mahindra Financial Services, Expires 11/26/2018

    780,015       5,781  

Savola Group/The, Expires 12/20/2020 *

    60,000       625  
   

 

 

 
      8,011  
   

 

 

 

Saudi Arabia — 0.2%

   

Al Tayyar Travel Group, Expires 03/05/2018

    236,863       1,694  
Description   Number of
Participation
Notes
   

Market Value

($ Thousands)

 

PARTICIPATION NOTES (continued)

 

 

HBSC Bank Savola Group, Expires 01/24/2020

    284,680     $ 2,950  
   

 

 

 
      4,644  
   

 

 

 

Switzerland — 0.5%

   

Hangzhou Hikvision, Expires 08/22/2018

    1,788,489       10,721  
   

 

 

 

United States — 0.1%

   

Motherson Sumi Systems Ltd, Expires 09/21/2021 *

    401,873       2,388  
   

 

 

 

Vietnam — 0.2%

   

Hoa Phat Group JSC, Expires 07/24/2018 *

    1,444,409       2,948  
   

 

 

 

Total Participation Notes
(Cost $25,871) ($ Thousands)

 

    36,942  
   

 

 

 
    Shares        

EXCHANGE TRADED FUND — 0.4%

 

United States — 0.4%

   

iShares MSCI Emerging Markets ETF

    170,301       8,024  
   

 

 

 

Total Exchange Traded Fund
(Cost $7,882) ($ Thousands)

 

    8,024  
   

 

 

 
    Number of
Rights
       

RIGHTS — 0.0%

   

Taiwan — 0.0%

   

Bizlink Holding Inc, Expires 01/12/2018 *

    1,391       3  
   

 

 

 

Total Rights
(Cost $—) ($ Thousands)

 

    3  
   

 

 

 
    Face Amount
(Thousands)
       

DEBENTURE BOND — 0.0%

   

Brazil — 0.0%

   

Vale, Ser 1997

   

0.000%, 09/30/2049 (D)

  BRL 8       –    
   

 

 

 

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

      –    
   

 

 

 
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     7  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Equity Fund (Continued)

 

 

Description    Shares     

Market Value

($ Thousands)

 

AFFILIATED PARTNERSHIP — 5.0%

 

  

SEI Liquidity Fund, L.P.

 

  

1.350% **†(E)

     101,009,536      $ 101,018  
     

 

 

 

Total Affiliated Partnership
(Cost $101,010) ($ Thousands)

 

     101,018  
     

 

 

 

CASH EQUIVALENT — 0.6%

 

  

SEI Daily Income Trust, Government Fund, Cl F

     

1.040%**†

     13,166,939        13,167  
     

 

 

 

Total Cash Equivalent
(Cost $13,167) ($ Thousands)

 

     13,167  
     

 

 

 

Total Investments in Securities— 103.8%
(Cost $1,724,531) ($ Thousands)

 

   $ 2,112,154  
     

 

 

 

 

   Percentages are based on Net Assets of $2,035,368 ($ Thousands).
* Non-income producing security.
** Rate shown is the 7-day effective yield as of December 31, 2017.
Investment in Affiliated Security (see Note 5).
Real Estate Investment Trust
(A) Certain securities or partial positions of certain securities are on loan at December 31, 2017. The total market value of securities on loan at December 31, 2017 was $95,065 ($ Thousands).
(B) Level 3 security in accordance with fair value hierarchy.
(C) 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, 2017, the value of these securities amounted to $48,142 ($ Thousands), representing 2.37% of the Net Assets of the Fund.
(D) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.
(E) This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of December 31, 2017 was $101,018 ($ Thousands).

ADR — American Depositary Receipt

BRL — Brazilian Real

Cl — Class

CV — Convertible Security

ETF — Exchange-Traded Fund

EUR — Euro

GDR — Global Depositary Receipt

JSC — Joint-Stock Company

JSE — Johannesburg Stock Exchange

Ltd. — Limited

MSCI — Morgan Stanley Capital International

NVDR — Non-Voting Depositary Receipt

PJSC — Public Joint-Stock Company

PLC — Public Limited Company

RON — Romanian Leu

Ser — Series

The following is a list of the level of inputs used as of December 31, 2017, 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

  $ 1,901,434     $ 2,770     $     $ 1,904,204  

Preferred Stock

    47,326       1,470             48,796  

Participation Notes

    24,070       12,872             36,942  

Exchange Traded Fund

    8,024                   8,024  

Rights

    3                   3  

Debenture Bond

                       

Affiliated Partnership

    101,018                   101,018  

Cash Equivalent

    13,167                   13,167  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Investments in Securities

  $     2,095,042     $     17,112     $     –     $ 2,112,154  
 

 

 

   

 

 

   

 

 

   

 

 

 

^ A reconciliation of Level 3 instruments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to the net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

For the period ended December 31, 2017, 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, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For the period ended December 31, 2017, 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.

 

 

The following is a summary of the transactions with affiliates for the period ended December 31, 2017 ($ Thousands):

 

Security Description  

Value

9/30/2017

   

Purchases

at Cost

   

Proceeds

from Sales

   

Realized Gain

(Loss)

   

Change in Unrealized

Appreciation

(Depreciation)

   

Value

12/31/2017

   

Dividend

Income

 

SEI Liquidity Fund, L.P.

    $154,588       $86,973       $(140,547)       $(3)       $7       $101,018       $148  

SEI Daily Income Trust, Government Fund, Cl F

    7,827       63,421       (58,081                 13,167       22  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    $162,415       $150,394       $(198,628)       $(3)       $7       $114,185       $170  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund

 

Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS — 94.2%

 

 

Argentina — 0.3%

   

Argentina POM Politica Monetaria

 

 

28.750%, VAR Argentina Central Bank 7D Repo Ref Rate+0.000%, 06/21/2020

  ARS 2,529     $ 144  

Argentine Bonos del Tesoro

   

16.000%, 10/17/2023

    9,727       514  

Argentine Republic Government International Bond

   

6.875%, 04/22/2021

  $ 245       267  

5.000%, 01/15/2027

  EUR 115       143  

Provincia de Buenos Aires

   

9.125%, 03/16/2024

  $ 170       199  

Provincia de Cordoba

   

7.125%, 06/10/2021 (A)

    280       302  
   

 

 

 
      1,569  
   

 

 

 

Australia — 2.6%

   

Australia & New Zealand Banking Group MTN

   

5.000%, 08/16/2023

  AUD 750       645  

3.625%, 07/18/2022

  EUR 300       416  

Commonwealth Bank of Australia MTN

   

1.375%, 01/22/2019

    560       685  

Government of Australia

   

4.500%, 04/15/2020

  AUD 540       445  

4.500%, 04/21/2033

    195       182  

4.250%, 04/21/2026

    2,200       1,934  

3.750%, 04/21/2037

    393       336  

2.750%, 04/21/2024

    1,785       1,419  

Government of Australia, Ser 122

   

5.250%, 03/15/2019

    2,000       1,627  

Government of Australia, Ser 124

   

5.750%, 05/15/2021

    3,660       3,192  

National Australia Bank

   

5.000%, 03/11/2024

    750       647  

Westpac Banking MTN

   

1.500%, 03/24/2021

  EUR 220       277  

1.375%, 04/17/2020

    230       286  
   

 

 

 
      12,091  
   

 

 

 

Austria — 1.6%

   

JAB Holdings BV

   

1.250%, 05/22/2024

    300       366  

Republic of Austria

   

4.150%, 03/15/2037 (A)

    115       210  

3.650%, 04/20/2022 (A)

    290       406  

3.150%, 06/20/2044 (A)

    475       799  

1.950%, 06/18/2019 (A)

    2,715       3,377  

1.150%, 10/19/2018 (A)

    205       249  

0.750%, 10/20/2026 (A)

    1,592       1,955  

Republic of Austria MTN

   

2.100%, 09/20/2117 (A)

    75       96  
   

 

 

 
      7,458  
   

 

 

 
Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

Bahrain — 0.1%

   

Bahrain Government International Bond

   

7.000%, 10/12/2028

  $ 265     $ 269  
   

 

 

 

Belgium — 2.4%

   

Anheuser-Busch InBev MTN

   

2.250%, 05/24/2029

  GBP 205       272  

Kingdom of Belgium

   

3.750%, 06/22/2045

  EUR 233       415  

3.000%, 06/22/2034 (A)

    620       948  

1.600%, 06/22/2047 (A)

    310       365  

1.000%, 06/22/2031 (A)

    710       851  

0.800%, 06/22/2025 (A)

    715       888  

0.800%, 06/22/2027 (A)

    785       957  

Kingdom of Belgium, Ser 44

   

5.000%, 03/28/2035 (A)

    64       123  

Kingdom of Belgium, Ser 58

   

3.750%, 09/28/2020 (A)

    2,511       3,363  

Kingdom of Belgium, Ser 65

   

4.250%, 09/28/2022

    790       1,147  

Kingdom of Belgium, Ser 69

   

1.250%, 06/22/2018

    1,390       1,684  
   

 

 

 
      11,013  
   

 

 

 

Bermuda — 0.0%

   

XLIT

   

3.250%, VAR Euribor 3 Month+2.900%, 06/29/2047

    161       195  
   

 

 

 

Brazil — 1.3%

   

Brazil Notas do Tesouro Nacional, Serie B

   

6.000%, 08/15/2050

  BRL 2,115       2,090  

Brazil Notas do Tesouro Nacional, Serie F

   

10.000%, 01/01/2021

    7,895       2,449  

BRF GmbH

   

4.350%, 09/29/2026

  $ 200       193  

Minerva Luxembourg

   

6.500%, 09/20/2026 (A)

    290       298  

Odebrecht Finance

   

7.125%, 06/26/2042

    280       89  

4.375%, 04/25/2025

    200       59  

Petrobras Global Finance

   

6.250%, 03/17/2024

    59       63  

5.999%, 01/27/2028 (A)

    215       215  

Rumo Luxembourg

   

7.375%, 02/09/2024 (A)

    375       403  
   

 

 

 
      5,859  
   

 

 

 

Canada — 7.1%

   

Bank of Montreal MTN

   

0.125%, 04/19/2021

  EUR 280       338  

Bank of Nova Scotia MTN

   

0.750%, 09/17/2021

    570       702  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     1  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

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

GLOBAL BONDS (continued)

 

 

Bell Canada

   

3.350%, 06/18/2019

  CAD 29     $ 24  

Bell Canada MTN

   

4.700%, 09/11/2023

    80       69  

3.250%, 06/17/2020

    95       78  

Canada Housing Trust No. 1

   

3.800%, 06/15/2021 (A)

    2,465       2,085  

1.750%, 06/15/2022 (A)

    2,465       1,938  

Canadian Government Bond

   

1.000%, 06/01/2027

    950       691  

CDP Financial

   

4.400%, 11/25/2019 (A)

  $ 850       883  

Export Development Canada MTN

   

2.400%, 06/07/2021

  AUD 1,259       982  

Government of Canada

   

5.750%, 06/01/2033

  CAD 1,205       1,411  

2.750%, 12/01/2048

    400       353  

1.750%, 09/01/2019

    1,430       1,143  

1.500%, 06/01/2026

    5,970       4,571  

1.250%, 09/01/2018

    740       590  

1.000%, 09/01/2022

    3,620       2,778  

0.750%, 03/01/2021

    760       588  

0.750%, 09/01/2021

    955       734  

National Bank of Canada

   

1.500%, 03/25/2021

  EUR 345       435  

Province of British Columbia

   

3.250%, 12/18/2021

  CAD 1,150       958  

Province of Manitoba Canada

   

3.850%, 12/01/2021

    710       602  

Province of Ontario Canada

   

4.700%, 06/02/2037

    1,355       1,370  

4.650%, 06/02/2041

    540       555  

2.800%, 06/02/2048

    2,200       1,707  

2.600%, 06/02/2025

    1,614       1,296  

2.400%, 06/02/2026

    585       461  

Province of Quebec Canada

   

6.250%, 06/01/2032

    720       806  

2.750%, 09/01/2025

    2,175       1,765  

Province of Quebec Canada MTN

   

3.700%, 05/20/2026

  AUD 540       430  

Rogers Communications

   

4.000%, 06/06/2022

  CAD 165       139  

Royal Bank of Canada

   

1.625%, 08/04/2020

  EUR 530       665  

0.125%, 03/11/2021

    560       676  

Toronto-Dominion Bank MTN

   

0.375%, 01/12/2021

    345       420  

Yamana Gold

   

4.950%, 07/15/2024

  $ 286       299  
   

 

 

 
      32,542  
   

 

 

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

GLOBAL BONDS (continued)

 

 

China — 0.1%

   

Sinopec Group Overseas Development

   

2.625%, 10/17/2020

  EUR 240     $ 306  
   

 

 

 

Colombia — 0.4%

   

Colombian TES

   

10.000%, 07/24/2024

  COP   1,940,600       784  

7.750%, 09/18/2030

    2,160,100       787  

Millicom International Cellular

   

6.000%, 03/15/2025

  $ 200       212  
   

 

 

 
      1,783  
   

 

 

 

Czech Republic — 0.1%

   

Czech Republic Government Bond

   

4.700%, 09/12/2022

  CZK 7,470       413  

2.500%, 08/25/2028

    3,030       153  
   

 

 

 
      566  
   

 

 

 

Denmark — 0.6%

   

Danske Bank

   

3.875%, VAR EUR Swap Annual 5 Yr+2.625%, 10/04/2023

  EUR 375       463  

3.500%, 04/16/2018

    155       188  

2.000%, 09/08/2021 (A)

  $ 360       352  

Danske Bank MTN

   

5.875%, VAR EUR Swap Annual 5 Yr+5.471%, 10/29/2049

  EUR 344       469  

5.375%, VAR ICE LIBOR GDP 3 Month+1.940%, 09/29/2021

  GBP 170       237  

Kingdom of Denmark

   

4.500%, 11/15/2039

  DKK 1,625       443  

1.500%, 11/15/2023

    4,025       706  
   

 

 

 
      2,858  
   

 

 

 

Egypt — 0.1%

   

Egypt Government International Bond MTN

   

7.500%, 01/31/2027 (A)

  $ 282       312  
   

 

 

 

Finland — 0.2%

   

Government of Finland

   

2.625%, 07/04/2042 (A)

  EUR 135       213  

1.500%, 04/15/2023 (A)

    235       305  

0.500%, 09/15/2027 (A)

    290       345  
   

 

 

 
      863  
   

 

 

 

France — 5.4%

   

BNP Paribas

   

4.625%, 03/13/2027 (A)

  $ 380       405  

BNP Paribas MTN

   

2.950%, 05/23/2022 (A)

    795       797  

2.375%, 05/20/2024

  EUR 155       206  

BPCE

   

5.250%, 04/16/2029

  GBP 100       165  
 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

BPCE MTN

   

1.125%, 01/18/2023

  EUR 300     $ 369  

BPCE SFH

   

1.750%, 11/29/2019

    600       749  

BPCE SFH MTN

   

3.750%, 09/13/2021

    200       274  

Caisse Francaise de Financement Local MTN

   

3.000%, 10/02/2028

    100       146  

CNP Assurances

   

4.500%, VAR Euribor 3 Month+4.600%, 06/10/2047

    200       284  

Credit Agricole

   

6.500%, VAR EUR Swap Annual 5 Yr+5.120%, 12/31/2049

    476       647  

Credit Agricole MTN

   

1.875%, 12/20/2026

    200       252  

1.375%, 05/03/2027

    900       1,111  

Dexia Credit Local MTN

   

2.000%, 01/22/2021

    200       255  

1.625%, 10/29/2018

    565       690  

1.375%, 09/18/2019

    500       618  

0.625%, 01/21/2022

    1,550       1,905  

Electricite de France MTN

   

5.500%, 03/27/2037

  GBP 200       349  

5.375%, VAR EUR Swap Annual 12 Yr+3.794%, 12/12/2049

  EUR 200       271  

Engie MTN

   

0.875%, 03/27/2024

    300       365  

Europcar Groupe

   

5.750%, 06/15/2022

    145       182  

French Republic Government Bond OAT

   

4.000%, 10/25/2038

    345       611  

3.500%, 04/25/2020

    680       892  

3.250%, 05/25/2045

    1,230       1,992  

2.500%, 05/25/2030

    885       1,255  

2.000%, 05/25/2048 (A)

    315       399  

1.750%, 05/25/2023

    550       723  

1.750%, 06/25/2039 (A)

    60       76  

1.750%, 05/25/2066 (A)

    165       188  

1.250%, 05/25/2036 (A)

    760       896  

1.000%, 05/25/2027

    1,195       1,482  

0.000%, 05/25/2020

    373       453  

0.000%, 05/25/2021

    930       1,128  

0.000%, 05/25/2022

    1,448       1,749  

Groupama

   

6.000%, 01/23/2027

    200       303  

La Financiere Atalian

   

4.000%, 05/15/2024

    160       200  

Loxam SAS

   

6.000%, 04/15/2025 (A)

    150       196  

4.250%, 04/15/2024 (A)

    190       243  
Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

RCI Banque MTN

   

1.250%, 06/08/2022

  EUR 200     $ 247  

0.375%, 07/10/2019

    450       543  

SNCF Reseau

   

1.125%, 05/25/2030

    200       239  

Societe Generale

   

6.750%, VAR EUR Swap Annual 5 Yr+5.538%, 10/07/2166

    397       534  

Total Capital International MTN

   

4.250%, 11/26/2021

  AUD 640       524  
   

 

 

 
      24,913  
   

 

 

 

Germany — 6.3%

 

Allianz

   

5.625%, VAR Euribor 3 Month+5.000%, 10/17/2042

  EUR 200       292  

3.099%, VAR Euribor 3 Month+3.350%, 07/06/2047

    100       132  

Bundesobligation

   

0.250%, 10/11/2019

    1,280       1,562  

0.250%, 10/16/2020

    1,150       1,412  

0.000%, 04/08/2022 (B)

    1,815       2,206  

0.000%, 10/07/2022 (B)

    6,620       8,023  

Bundesrepublik Deutschland

 

 

4.000%, 01/04/2037

    1,560       2,865  

3.250%, 07/04/2042

    1,000       1,750  

2.500%, 07/04/2044

    177       276  

2.500%, 08/15/2046

    130       205  

0.250%, 02/15/2027

    1,435       1,706  

0.237%, 08/15/2026 (B)

    1,532       1,794  

Bundesrepublik Deutschland, Ser 00

   

5.500%, 01/04/2031

    120       231  

Bundesrepublik Deutschland, Ser 03

   

4.750%, 07/04/2034

    195       375  

E.ON International Finance MTN

   

6.000%, 10/30/2019

  GBP 300       442  

innogy Finance BV MTN

   

4.750%, 01/31/2034

    100       166  

1.000%, 04/13/2025

  EUR 170       206  

Kreditanstalt fuer Wiederaufbau

   

2.600%, 06/20/2037

  JPY 65,000       812  

0.500%, 09/15/2027

  EUR 510       607  

Kreditanstalt fuer Wiederaufbau MTN

   

3.750%, 05/29/2020

  NZD 1,110       811  

2.800%, 02/17/2021

  AUD 1,230       971  

1.125%, 09/15/2032

  EUR 500       610  

Volkswagen International Finance

   

2.700%, VAR EUR Swap Annual 5 Yr+2.540%, 12/31/2049

    300       371  

1.125%, 10/02/2023

    600       735  

0.500%, 03/30/2021

    200       242  
   

 

 

 
      28,802  
   

 

 

 
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     3  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

Guernsey — 0.2%

   

Credit Suisse Group Funding Guernsey MTN

   

1.250%, 04/14/2022

  EUR 570     $ 706  
   

 

 

 

Hungary — 0.1%

   

Republic of Hungary

   

3.000%, 06/26/2024

  HUF 75,010       318  
   

 

 

 

Indonesia — 0.1%

   

Republic of Indonesia MTN

   

2.150%, 07/18/2024 (A)

  EUR 200       252  
   

 

 

 

Ireland — 2.1%

   

AIB Mortgage Bank MTN

   

0.625%, 07/27/2020

    305       374  

Allied Irish Banks MTN

   

7.375%, VAR EUR Swap Annual 5 Yr+7.339%, 12/29/2049

    200       271  

4.125%, VAR EUR Swap Annual 5 Yr+3.950%, 11/26/2025

    177       231  

Ardagh Packaging Finance

   

4.125%, 05/15/2023 (A)

    245       312  

Bank of Ireland

   

7.375%, VAR EUR Swap Annual 5 Yr+6.956%, 12/29/2049

    400       538  

1.750%, 03/19/2019

    450       554  

Bank of Ireland MTN

   

10.000%, 12/19/2022

    100       169  

0.375%, 05/07/2022

    555       674  

Europcar Groupe

   

4.125%, 11/15/2024 (A)

    100       120  

Ireland Government Bond

   

4.500%, 10/18/2018

    235       293  

4.500%, 04/18/2020

    300       402  

4.400%, 06/18/2019

    600       772  

3.400%, 03/18/2024

    185       265  

2.000%, 02/18/2045

    265       334  

1.000%, 05/15/2026

    2,565       3,159  

0.800%, 03/15/2022

    300       374  

Ryanair

   

1.125%, 08/15/2023

    580       705  
   

 

 

 
      9,547  
   

 

 

 

Israel — 0.2%

   

Israel Government Bond

   

4.250%, 03/31/2023

  ILS 2,521       878  

Teva Pharmaceutical Finance Netherlands II

   

1.125%, 10/15/2024

  EUR 220       229  
   

 

 

 
      1,107  
   

 

 

 
Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

Italy — 6.1%

 

Assicurazioni Generali MTN

   

7.750%, VAR Euribor 3 Month+7.113%, 12/12/2042

  EUR 300     $ 464  

Buoni Poliennali Del Tesoro

   

4.000%, 02/01/2037

    380       536  

Cooperativa Muratori & Cementisti-CMC di Ravenna SC

   

6.000%, 02/15/2023 (A)

    110       131  

Enel

   

5.000%, VAR EUR Swap Annual 5 Yr+3.648%, 01/15/2075

    105       137  

Enel Finance International MTN

   

5.750%, 09/14/2040

  GBP 145       274  

5.625%, 08/14/2024

    160       263  

1.000%, 09/16/2024

  EUR 225       274  

FCA Bank MTN

   

2.875%, 01/26/2018

    210       253  

2.625%, 04/17/2019

    350       434  

Intesa Sanpaolo

   

7.750%, VAR EUR Swap Annual 5 Yr+7.192%, 07/11/2166

    200       292  

Intesa Sanpaolo MTN

   

5.017%, 06/26/2024 (A)

  $ 200       205  

3.928%, 09/15/2026

  EUR 165       217  

3.500%, 01/17/2022

    200       269  

0.625%, 03/23/2023

    300       366  

Italy Buoni Poliennali Del Tesoro

   

5.500%, 11/01/2022

    690       1,014  

5.000%, 08/01/2034

    230       363  

5.000%, 09/01/2040

    365       573  

4.750%, 09/01/2044 (A)

    240       369  

3.750%, 05/01/2021

    386       516  

3.750%, 09/01/2024

    870       1,204  

3.500%, 03/01/2030 (A)

    3,285       4,428  

3.450%, 03/01/2048 (A)

    435       542  

2.700%, 03/01/2047 (A)

    567       620  

2.500%, 12/01/2024

    430       553  

2.050%, 08/01/2027

    135       163  

2.000%, 12/01/2025

    180       221  

1.500%, 08/01/2019

    740       912  

1.350%, 04/15/2022

    4,267       5,278  

1.250%, 12/01/2026

    1,275       1,460  

1.200%, 04/01/2022

    560       689  

0.900%, 08/01/2022

    525       635  

0.700%, 05/01/2020

    315       384  

0.350%, 06/15/2020

    1,390       1,681  

0.300%, 10/15/2018

    480       580  

UniCredit MTN

   

6.950%, 10/31/2022

    361       533  

3.000%, 01/31/2024

    240       332  
 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

Unione di Banche Italiane

   

1.000%, 01/27/2023

  EUR 185     $ 229  

Wind Tre

   

3.125%, 01/20/2025 (A)

    100       117  

2.625%, 01/20/2023 (A)

    200       235  
   

 

 

 
      27,746  
   

 

 

 

Japan — 18.2%

   

Development Bank of Japan

   

2.300%, 03/19/2026

  JPY 80,000       835  

1.050%, 06/20/2023

    90,000       841  

Government of Japan 5 Year Bond

   

0.200%, 06/20/2019

    169,000       1,507  

0.100%, 12/20/2019

    880,350       7,849  

0.100%, 03/20/2020

    410,800       3,665  

Government of Japan 10 Year Bond

   

0.900%, 06/20/2022

    748,750       6,946  

0.100%, 06/20/2026

    457,750       4,097  

0.100%, 03/20/2027

    168,150       1,503  

0.100%, 06/20/2027

    64,800       579  

Government of Japan 20 Year Bond

   

1.900%, 09/20/2022

    189,850       1,845  

1.700%, 06/20/2033

    1,220,450       13,071  

1.400%, 09/20/2034

    444,650       4,586  

1.000%, 12/20/2035

    50,000       484  

0.500%, 09/20/2036

    459,900       4,078  

0.200%, 06/20/2036

    169,400       1,425  

Government of Japan 20 Year Bond, Ser 106

   

2.200%, 09/20/2028

    46,600       507  

Government of Japan 20 Year Bond, Ser 128

   

1.900%, 06/20/2031

    55,000       596  

Government of Japan 20 Year Bond, Ser 140

   

1.700%, 09/20/2032

    877,850       9,368  

Government of Japan 20 Year Bond, Ser 143

   

1.600%, 03/20/2033

    58,550       618  

Government of Japan 20 Year Bond, Ser 144

   

1.500%, 03/20/2033

    111,700       1,165  

Government of Japan 30 Year Bond

   

0.800%, 09/20/2047

    130,850       1,159  

0.300%, 06/20/2046

    134,250       1,046  

Government of Japan 30 Year Bond, Ser 29

   

2.400%, 09/20/2038

    85,400       1,024  

Government of Japan 30 Year Bond, Ser 30

   

2.300%, 03/20/2039

    253,200       3,000  

Government of Japan 30 Year Bond, Ser 33

   

2.000%, 09/20/2040

    127,000       1,447  

Government of Japan 30 Year Bond, Ser 38

   

1.800%, 03/20/2043

    259,650       2,883  

Government of Japan 40 Year Bond

   

0.400%, 03/20/2056

    304,100       2,226  

Government of Japan 40 Year Bond, Ser 6

   

1.900%, 03/20/2053

    15,400       178  
Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

Government of Japan CPI Linked Bond

   

0.100%, 03/10/2026

  JPY 343,142     $ 3,224  

Japan Finance Organization for Municipalities

   

1.900%, 06/22/2018

    90,000       806  

Mitsubishi UFJ Financial Group MTN

   

0.872%, 09/07/2024

  EUR 395       472  
   

 

 

 
      83,030  
   

 

 

 

Kazakhstan — 0.1%

   

Tengizchevroil Finance International

   

4.000%, 08/15/2026 (A)

  $ 385       386  
   

 

 

 

Luxembourg — 0.1%

   

Altice Finco

   

4.750%, 01/15/2028 (A)

  EUR 100       114  

Arena Luxembourg Finance Sarl

   

2.875%, 11/01/2024

    165       203  

INEOS Finance

   

2.125%, 11/15/2025 (A)

    100       119  
   

 

 

 
      436  
   

 

 

 

Malaysia — 0.7%

   

Malaysia Government Bond

   

4.181%, 07/15/2024

  MYR 3,360       841  

4.048%, 09/30/2021

    3,380       849  

3.955%, 09/15/2025

    3,440       844  

3.795%, 09/30/2022

    3,430       850  
   

 

 

 
      3,384  
   

 

 

 

Mexico — 2.5%

   

CEMEX Finance

   

4.625%, 06/15/2024

  EUR 110       143  

Mexican Bonos

   

8.000%, 06/11/2020

  MXN 49,301       2,540  

7.750%, 11/13/2042

    11,690       594  

7.500%, 06/03/2027

    2,285       116  

6.500%, 06/09/2022

    22,900       1,120  

5.750%, 03/05/2026

    11,907       538  

Mexican Bonos, Ser M

   

6.500%, 06/10/2021

    8,751       432  

Mexican Bonos, Ser M20

   

10.000%, 12/05/2024

    61,732       3,557  

7.750%, 05/29/2031

    28,570       1,461  

Mexican Bonos, Ser M30

   

10.000%, 11/20/2036

    11,460       715  

Petroleos Mexicanos MTN

   

3.750%, 02/21/2024

  EUR 200       260  
   

 

 

 
      11,476  
   

 

 

 

Netherlands — 3.0%

   

ABN AMRO Bank

   

5.750%, VAR EUR Swap Annual 5

   

Yr+5.452%, 12/31/2049

    400       524  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     5  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

Aegon MTN

   

6.625%, 12/16/2039

  GBP 165     $ 349  

Constellium

   

4.250%, 02/15/2026 (A)

  EUR 100       120  

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA

   

2.500%, VAR EUR Swap Annual 5 Yr+1.400%, 05/26/2026

    260       330  

Cooperatieve Rabobank UA

   

6.625%, VAR EUR Swap Annual 5 Yr+6.697%, 12/29/2049

    200       278  

Cooperatieve Rabobank UA MTN

   

5.250%, 09/14/2027

  GBP 195       321  

4.625%, 05/23/2029

    130       207  

ING Groep

   

3.150%, 03/29/2022

  $ 330       334  

Kingdom of Netherlands

   

4.000%, 01/15/2037 (A)

  EUR 855       1,563  

3.750%, 01/15/2042 (A)

    40       75  

2.750%, 01/15/2047 (A)

    35       57  

2.000%, 07/15/2024 (A)

    775       1,046  

1.250%, 01/15/2019 (A)

    335       410  

0.750%, 07/15/2027 (A)

    470       576  

0.500%, 07/15/2026 (A)

    570       691  

0.250%, 01/15/2020

    3,845       4,697  

0.250%, 07/15/2025 (A)

    922       1,107  

MARB BondCo

   

7.000%, 03/15/2024 (A)

  $ 282       283  

Shell International Finance

   

2.000%, 11/15/2018

    560       560  
   

 

 

 
      13,528  
   

 

 

 

New Zealand — 3.3%

   

New Zealand Government Bond

   

5.500%, 04/15/2023

  NZD 8,750       7,221  

4.500%, 04/15/2027

    1,170       951  

3.000%, 04/15/2020

    5,705       4,157  

2.500%, 09/20/2035

    1,718       1,396  

2.000%, 09/20/2025

    610       481  

New Zealand Local Government Funding Agency Bond

   

4.500%, 04/15/2027

    1,100       833  

Westpac Securities MTN

   

0.875%, 06/24/2019

  EUR 100       122  
   

 

 

 
      15,161  
   

 

 

 

Norway — 0.5%

   

DNB Bank

   

6.500%, VAR USD Swap Semi 30/360 5 Year Curr+5.080%, 12/29/2049

  $ 355       382  

Kommunalbanken MTN

   

1.000%, 03/15/2018 (A)

    800       799  
Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

   

Norway Government Bond

   

2.000%, 05/24/2023 (A)

  NOK 2,680     $ 341  

1.750%, 02/17/2027 (A)

    4,305       534  
   

 

 

 
      2,056  
   

 

 

 

Panama — 0.1%

   

Carnival

   

1.875%, 11/07/2022

  EUR 390       498  
   

 

 

 

Poland — 1.8%

   

Republic of Poland

   

4.000%, 10/25/2023

  PLN 2,809       861  

3.250%, 07/25/2025

    4,755       1,380  

2.500%, 07/25/2018

    710       206  

2.500%, 07/25/2026

    4,550       1,238  

2.500%, 07/25/2027

    1,770       476  

1.750%, 07/25/2021

    5,940       1,679  

1.500%, 04/25/2020

    1,100       314  

Republic of Poland, Ser 1019

   

5.500%, 10/25/2019

    1,045       321  

Republic of Poland Government International Bond

   

0.670%, 11/15/2018

  JPY 200,000       1,779  
   

 

 

 
      8,254  
   

 

 

 

Portugal — 0.6%

   

EDP - Energias de Portugal

   

5.375%, VAR EUR Swap Annual 5 Yr+5.043%, 09/16/2075

  EUR 300       403  

EDP Finance MTN

   

2.000%, 04/22/2025

    370       469  

Portugal Obrigacoes do Tesouro OT

   

4.125%, 04/14/2027 (A)

    425       605  

4.100%, 04/15/2037 (A)

    145       207  

2.200%, 10/17/2022 (A)

    775       1,007  
   

 

 

 
      2,691  
   

 

 

 

Saudi Arabia — 0.1%

   

Saudi Government International Bond MTN

   

2.375%, 10/26/2021 (A)

  $ 275       268  
   

 

 

 

Singapore — 1.8%

   

Singapore Government Bond

   

4.000%, 09/01/2018

  SGD 340       258  

3.500%, 03/01/2027

    1,040       875  

3.125%, 09/01/2022

    2,255       1,793  

3.000%, 09/01/2024

    2,649       2,114  

2.250%, 08/01/2036

    250       184  

2.000%, 07/01/2020

    3,260       2,459  

Temasek Financial I MTN

   

2.375%, 01/23/2023 (A)

  $ 495       489  
   

 

 

 
      8,172  
   

 

 

 
 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

Slovak Republic — 0.0%

   

Slovakia Government Bond

   

3.375%, 11/15/2024

  EUR 75     $ 108  
   

 

 

 

Slovenia — 0.1%

   

Slovenia Government Bond

   

1.250%, 03/22/2027

    305       379  
   

 

 

 

South Korea — 0.5%

   

Hyundai Capital Services MTN

   

3.500%, 03/30/2022

  AUD 680       527  

Korea Treasury Bond

   

3.000%, 09/10/2024

  KRW 884,000       854  

1.500%, 12/10/2026

    994,000       855  
   

 

 

 
      2,236  
   

 

 

 

Spain — 4.4%

   

Ayt Cedulas Cajas Global

   

4.750%, 05/25/2027

  EUR 400       630  

3.750%, 12/14/2022

    600       838  

Banco Bilbao Vizcaya Argentaria

   

8.875%, VAR EUR Swap Annual 5 Yr+9.177%, 12/29/2049

    200       284  

5.875%, VAR EUR Swap Annual 5 Yr+5.779%, 08/24/2166

    200       260  

Banco de Sabadell

   

0.875%, 11/12/2021

    400       493  

Banco Popular Espanol

   

3.750%, 01/22/2019

    100       125  

2.125%, 10/08/2019

    100       125  

Banco Santander

   

6.750%, VAR EUR Swap Annual 5 Yr+6.803%, 07/25/2166

    200       273  

Bankia

   

0.875%, 01/21/2021

    300       369  

CaixaBank

   

6.750%, VAR EUR Swap Annual 5 Yr+6.498%, 12/31/2049

    200       267  

1.250%, 01/11/2027

    500       615  

0.313%, VAR Euribor 3 Month+0.075%, 01/09/2018

    200       240  

Criteria Caixa SAU MTN

   

1.500%, 05/10/2023

    300       363  

Ferrovial Emisiones MTN

   

3.375%, 06/07/2021

    475       631  

Gas Natural Fenosa Finance BV

   

3.375%, VAR EUR Swap Annual 9 Yr+3.079%, 12/29/2049

    100       126  

Gas Natural Fenosa Finance BV MTN

   

1.250%, 04/19/2026

    300       361  

Government of Spain

   

6.000%, 01/31/2029

    320       550  

4.900%, 07/30/2040 (A)

    275       463  
Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

4.700%, 07/30/2041 (A)

  EUR 319     $ 525  

2.900%, 10/31/2046 (A)

    525       639  

2.750%, 10/31/2024 (A)

    406       549  

1.950%, 04/30/2026 (A)

    3,850       4,876  

1.950%, 07/30/2030 (A)

    85       102  

1.400%, 01/31/2020

    935       1,161  

1.300%, 10/31/2026 (A)

    474       568  

1.150%, 07/30/2020

    645       800  

0.750%, 07/30/2021

    252       310  

0.400%, 04/30/2022

    700       846  

Grifols

   

3.200%, 05/01/2025

    110       134  

Iberdrola Finanzas MTN

   

1.000%, 03/07/2025

    500       603  

Instituto de Credito Oficial MTN

   

6.000%, 03/08/2021

    465       663  

Kutxabank

   

1.250%, 09/22/2025

    300       373  

Santander Consumer Finance MTN

   

0.900%, 02/18/2020

    300       366  

Santander Issuances MTN

   

3.250%, 04/04/2026

    300       396  

Telefonica Emisiones MTN

   

5.375%, 02/02/2018

  GBP 185       251  
   

 

 

 
      20,175  
   

 

 

 

Supra-National — 1.9%

   

Asian Development Bank MTN

   

2.350%, 06/21/2027

  JPY 70,000       753  

EUROFIMA MTN

   

6.250%, 12/28/2018

  AUD 1,940       1,579  

European Financial Stability Facility MTN

   

1.800%, 07/10/2048

  EUR 540       685  

0.500%, 07/11/2025

    695       841  

European Investment Bank

   

1.900%, 01/26/2026

  JPY 129,100       1,324  

European Investment Bank MTN

   

6.000%, 08/06/2020

  AUD 930       794  

1.250%, 05/12/2025

  SEK 7,500       936  

International Bank for Reconstruction & Development MTN

   

3.500%, 01/22/2021

  NZD 1,120       817  

2.800%, 01/13/2021

  AUD 1,230       972  
   

 

 

 
      8,701  
   

 

 

 

Sweden — 0.9%

   

Intrum Justitia

   

2.750%, 07/15/2022 (A)

  EUR 330       398  

Nordea Bank MTN

   

6.125%, VAR USD Swap Semi 30/360 5 Year Curr+3.388%, 12/31/2049

  $ 280       302  

6.125%, VAR USD Swap Semi 30/360 5 Year Curr+3.388%, 12/31/2049 (A)

    483       520  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     7  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

Skandinaviska Enskilda Banken

   

5.750%, VAR USD Swap Semi 30/360 5 Year Curr+3.850%, 11/29/2049

  $ 265     $ 274  

2.134%, VAR ICE LIBOR USD 3 Month+0.570%, 09/13/2019 (A)

    200       201  

Sweden Government Bond

   

3.500%, 06/01/2022

  SEK 3,040       431  

3.500%, 03/30/2039

    375       63  

1.000%, 11/12/2026

    1,725       219  

0.750%, 05/12/2028

    5,945       724  

Sweden Government Bond, Ser 1047

   

5.000%, 12/01/2020

    3,370       477  

Sweden Government Bond,

   

Ser 1052 4.250%, 03/12/2019

    3,630       470  

Vattenfall

   

3.000%, VAR EUR Swap Annual 5 Yr+2.511%, 03/19/2077

  EUR 175       213  
   

 

 

 
      4,292  
   

 

 

 

Switzerland — 1.3%

   

Aquarius & Investments for Swiss Reinsurance

   

6.375%, VAR USD Swap Semi 30/360 5 Year Curr+5.210%, 09/01/2024

  $ 340       357  

Credit Suisse MTN

   

0.750%, 09/17/2021

  EUR 220       271  

Credit Suisse Group

   

7.500%, VAR USD Swap Semi 30/360 5 Year Curr+4.598%, 12/31/2049 (A)

  $ 270       308  

Dufry Finance

   

4.500%, 08/01/2023

  EUR 220       277  

Government of Switzerland

   

3.000%, 05/12/2019

  CHF 110       119  

2.000%, 04/28/2021

    735       821  

2.000%, 05/25/2022

    75       85  

1.500%, 04/30/2042

    205       266  

1.250%, 06/11/2024

    405       459  

LafargeHolcim Sterling Finance Netherlands BV MTN

   

3.000%, 05/12/2032

  GBP 350       469  

Swiss Reinsurance via ELM

   

2.600%, VAR Euribor 6 Month+3.050%, 09/01/2166

  EUR 220       277  

UBS

   

3.875%, 12/02/2019

    205       266  

UBS MTN

   

4.750%, VAR EUR Swap Annual 5 Yr+3.400%, 02/12/2026

    200       269  

UBS Group

   

5.750%, VAR EUR Swap Annual 5 Yr+5.287%, 12/29/2049

    540       737  

UBS Group Funding Switzerland

   

4.125%, 09/24/2025 (A)

  $ 220       231  
Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

1.750%, 11/16/2022

  EUR 427     $ 543  
   

 

 

 
      5,755  
   

 

 

 

Thailand — 0.3%

   

Thailand Government Bond

   

4.875%, 06/22/2029

  THB 11,215       422  

4.675%, 06/29/2044

    12,325       483  

3.650%, 12/17/2021

    11,020       363  

3.625%, 06/16/2023

    5,375       179  
   

 

 

 
      1,447  
   

 

 

 

Turkey — 0.2%

   

Coca-Cola Icecek

   

4.215%, 09/19/2024

  $ 360       365  

Turkey Government International Bond

   

5.125%, 05/18/2020

  EUR 200       263  

Turkiye Vakiflar Bankasi TAO

   

2.375%, 05/04/2021

    185       224  
   

 

 

 
      852  
   

 

 

 

United Kingdom — 8.9%

   

Anglian Water Services Financing

   

6.875%, 08/21/2023

  GBP 230       399  

Arqiva Financing MTN

   

4.040%, 06/30/2020

    220       313  

Aviva MTN

   

3.875%, VAR EUR Swap Annual 5 Yr+3.480%, 07/03/2044

  EUR 223       302  

3.375%, VAR Euribor 3 Month+3.550%, 12/04/2045

    280       365  

Bank of Scotland MTN

   

4.750%, 06/08/2022

    455       656  

Barclays MTN

   

3.125%, 01/17/2024

  GBP 235       332  

2.625%, VAR EUR Swap Annual 5 Yr+2.450%, 11/11/2025

  EUR 365       456  

1.875%, 03/23/2021

    575       723  

Barclays Bank MTN

   

10.000%, 05/21/2021

  GBP 180       306  

BG Energy Capital MTN

   

5.000%, 11/04/2036

    100       183  

BP Capital Markets MTN

   

1.117%, 01/25/2024

  EUR 165       204  

Canary Wharf Finance II

   

6.455%, 04/22/2030

  GBP 13       22  

5.952%, 01/22/2035

    20       39  

Centrica MTN

   

4.250%, 09/12/2044

    100       157  

CK Hutchison Finance 16 II

   

0.875%, 10/03/2024

  EUR 400       475  

CNH Industrial Finance Europe MTN

   

2.875%, 05/17/2023

    220       291  

Coca-Cola European Partners

   

2.375%, 05/07/2025

    400       526  
 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

Crh Finance UK MTN

   

4.125%, 12/02/2029

  GBP 250     $ 389  

Delphi Automotive

   

1.500%, 03/10/2025

  EUR 420       517  

EC Finance

   

2.375%, 11/15/2022 (A)

    100       123  

FCE Bank MTN

   

1.615%, 05/11/2023

    510       636  

Gatwick Funding MTN

   

5.250%, 01/23/2024

  GBP 250       399  

HBOS Capital Funding

   

6.461%, VAR UK Govt Bonds 5 Year Note Generic Bid Yield+2.850%, 11/29/2049

    115       162  

Heathrow Funding MTN

   

6.000%, 03/20/2020

    100       149  

2.750%, 08/09/2049

    160       204  

1.875%, 05/23/2022

  EUR 750       958  

HSBC Holdings

   

6.750%, 09/11/2028

  GBP 200       362  

6.000%, VAR EUR Swap Annual 5 Yr+5.338%, 12/29/2049

  EUR 345       484  

Imperial Brands Finance

   

0.500%, 07/27/2021

    150       181  

International Game Technology

   

4.750%, 02/15/2023

    160       217  

Lecta

   

6.500%, 08/01/2023 (A)

    113       139  

Legal & General Group MTN

   

5.375%, VAR UK Govt Bonds 5 Year Note Generic Bid Yield+4.580%, 10/27/2045

  GBP 135       208  

Lloyds Banking Group MTN

   

1.000%, 11/09/2023

  EUR 280       339  

Nationwide Building Society MTN

   

4.625%, 02/08/2021

    550       756  

4.125%, VAR EUR Swap Annual 5 Yr+3.300%, 03/20/2023

    295       357  

0.500%, 10/29/2019

    345       418  

Northumbrian Water Finance

   

6.875%, 02/06/2023

  GBP 190       321  

5.625%, 04/29/2033

    70       130  

Royal Bank of Scotland MTN

   

3.875%, 10/19/2020

  EUR 123       164  

Royal Bank of Scotland Group

   

7.640%, VAR ICE LIBOR USD 3 Month+2.320%, 09/29/2017

  $ 200       198  

Royal Bank of Scotland Group MTN

   

2.500%, 03/22/2023

  EUR 465       602  

Santander UK

   

6.222%, VAR ICE LIBOR GDP 3 Month+1.130%, 05/29/2049

  GBP 170       230  
Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

   

Santander UK MTN

   

4.250%, 04/12/2021

  EUR 350     $ 479  

3.625%, 01/14/2026

  GBP 100       148  

1.125%, 01/14/2022

  EUR 330       408  

SSE MTN

   

0.875%, 09/06/2025

    395       469  

Standard Chartered

   

2.888%, VAR ICE LIBOR USD 3 Month+1.510%, (A)

  $ 500       467  

Standard Chartered MTN

   

5.125%, 06/06/2034

  GBP 100       152  

3.625%, 11/23/2022

  EUR 160       215  

Thames Water Utilities Cayman Finance MTN

   

4.625%, 06/04/2046

  GBP 155       272  

TSB Banking Group MTN

   

5.750%, VAR ICE LIBOR GDP 3 Month+3.430%, 05/06/2026

    104       156  

United Kingdom Gilt

   

4.750%, 12/07/2030

    115       217  

4.500%, 12/07/2042

    230       482  

4.250%, 12/07/2027

    715       1,244  

4.250%, 06/07/2032

    1,720       3,152  

4.250%, 03/07/2036

    435       827  

4.250%, 09/07/2039

    370       727  

4.250%, 12/07/2040

    100       199  

3.750%, 09/07/2021

    945       1,426  

3.750%, 07/22/2052

    80       167  

3.500%, 01/22/2045

    1,445       2,670  

3.250%, 01/22/2044

    400       705  

2.500%, 07/22/2065

    1,340       2,370  

2.000%, 09/07/2025

    180       261  

1.750%, 07/22/2019

    1,860       2,567  

1.500%, 01/22/2021

    600       835  

1.250%, 07/22/2018

    191       260  

1.250%, 07/22/2027

    1,015       1,376  

0.750%, 07/22/2023

    2,360       3,172  

Virgin Media Finance MTN

   

4.500%, 01/15/2025

  EUR 121       152  

Wales & West Utilities Finance

   

6.250%, 11/30/2021

  GBP 240       386  

Western Power Distribution

   

5.750%, 04/16/2032

    100       184  

Western Power Distribution West Midlands

   

3.875%, 10/17/2024

    230       348  
   

 

 

 
      40,885  
   

 

 

 

United States — 5.5%

   

AbbVie

   

1.375%, 05/17/2024

  EUR 220       270  

American Express Credit

   

0.625%, 11/22/2021

    367       446  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     9  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

 

 

American International Group

   

2.221%, VAR ICE LIBOR GDP 3 Month+1.705%, 03/15/2067

  GBP 150     $ 188  

Amgen

   

1.250%, 02/25/2022

  EUR 550       683  

AT&T

   

3.550%, 09/14/2037

  GBP 205       279  

1.050%, 09/04/2023

  EUR 720       871  

Bank of America MTN

   

2.375%, 06/19/2024

    835       1,099  

1.625%, 09/14/2022

    261       330  

1.379%, VAR Euribor 3 Month+1.030%, 02/07/2025

    165       204  

0.223%, VAR Euribor 3 Month+0.550%, 09/14/2018

    375       451  

Belden

   

3.375%, 07/15/2027

    100       121  

3.375%, 07/15/2027

    127       154  

Berkshire Hathaway

   

0.625%, 01/17/2023

    265       320  

0.500%, 03/13/2020

    225       273  

Carnival

   

1.625%, 02/22/2021

    180       226  

Citigroup MTN

   

0.750%, 10/26/2023

    735       884  

Discovery Communications

   

2.500%, 09/20/2024

  GBP 255       341  

Dover MTN

   

2.125%, 12/01/2020

  EUR 267       338  

FedEx

   

1.000%, 01/11/2023

    560       684  

Fidelity National Information Services

   

0.400%, 01/15/2021

    284       340  

GE Capital UK Funding Unlimited MTN

   

6.250%, 05/05/2038

  GBP 165       342  

General Electric

   

1.500%, 05/17/2029

  EUR 170       204  

General Motors Financial MTN

   

0.955%, 09/07/2023

    840       1,006  

General Motors Financial International MTN

   

0.850%, 02/23/2018

    1,400       1,684  

Goldman Sachs Group MTN

   

2.000%, 07/27/2023

    900       1,148  

1.625%, 07/27/2026

    170       207  

Honeywell International

   

1.300%, 02/22/2023

    520       648  

Kinder Morgan

   

1.500%, 03/16/2022

    270       336  

Kraft Heinz Foods

   

1.500%, 05/24/2024

    220       269  

Liberty Mutual Finance Europe

   

1.750%, 03/27/2024 (A)

    163       202  
Description   Face Amount
(Thousands)
   

Market Value

($ Thousands)

 

GLOBAL BONDS (continued)

   

Mastercard

   

1.100%, 12/01/2022

  EUR 445     $ 551  

McKesson

   

1.500%, 11/17/2025

    278       339  

0.625%, 08/17/2021

    355       429  

Morgan Stanley

   

1.875%, 03/30/2023

    490       624  

0.557%, 05/22/2018

  JPY 300,000       2,668  

Morgan Stanley MTN

   

2.625%, 03/09/2027

  GBP 295       407  

1.375%, 10/27/2026

  EUR 360       433  

National Capital Trust I

   

5.620%, VAR UK Govt Bonds 5 Year Note Generic Bid Yield+1.930%, 12/17/2018 (A)

  GBP 35       49  

5.620%, VAR UK Govt Bonds 5 Year Note Generic Bid Yield+1.930%, 09/29/2049

    150       210  

National Grid North America MTN

   

1.000%, 07/12/2024

  EUR 300       363  

Nordea Bank MTN

   

2.250%, 05/27/2021 (A)

  $ 425       422  

Philip Morris International

   

0.625%, 11/08/2024

  EUR 285       336  

Philip Morris International MTN

   

1.875%, 03/03/2021

    300       379  

PVH

   

3.125%, 12/15/2027 (A)

    156       190  

Quintiles IMS

   

2.875%, 09/15/2025

    220       266  

US Bancorp MTN

   

0.850%, 06/07/2024

    701       846  

Valeant Pharmaceuticals International

   

4.500%, 05/15/2023 (A)

    170       183  

Verizon Communications MTN

   

4.750%, 02/17/2034

    GBP170       274  

4.050%, 02/17/2025

    AUD680       534  

Wells Fargo MTN

   

2.000%, 04/27/2026

    EUR210       270  

1.375%, 10/26/2026

    280       342  

Wells Fargo Bank MTN

   

5.250%, 08/01/2023

    GBP350       557  
   

 

 

 
      25,220  
   

 

 

 

Uruguay — 0.0%

   

Republic of Uruguay

   

9.875%, 06/20/2022 (A)

    UYU3,181       117  

8.500%, 03/15/2028 (A)

    2,325       80  
   

 

 

 
      197  
   

 

 

 

Total Global Bonds
(Cost $422,542) ($ Thousands)

 

    430,662  
   

 

 

 
 

 

10    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

MORTGAGE-BACKED SECURITIES — 1.9%

 

Agency Mortgage-Backed Obligation — 0.5%

 

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

   

3.402%, VAR ICE LIBOR USD 1 Month+1.850%, 10/25/2027

  $ 490     $ 502  

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

   

4.152%, VAR ICE LIBOR USD 1 Month+2.600%, 12/25/2027

    113       115  

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

   

4.352%, VAR ICE LIBOR USD 1 Month+2.800%, 05/25/2028

    183       190  

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

   

4.452%, VAR ICE LIBOR USD 1 Month+2.900%, 07/25/2028

    276       284  

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

   

7.902%, VAR ICE LIBOR USD 1 Month+6.350%, 09/25/2028

    250       306  

FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA1, Cl M1

   

2.752%, VAR ICE LIBOR USD 1 Month+1.200%, 07/25/2029

    356       360  

FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA2, Cl M2

   

5.002%, VAR ICE LIBOR USD 1 Month+3.450%, 10/25/2029

    470       511  
   

 

 

 
      2,268  
   

 

 

 

Non-Agency Mortgage-Backed Obligation — 1.4%

 

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

   

5.415%, 09/25/2034 (C)

    21       21  

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

   

3.244%, 05/25/2035 (C)

    275       277  

COMM Mortgage Trust, Ser 2012-CR4, Cl A3

   

2.853%, 10/15/2045

    130       130  

COMM Mortgage Trust, Ser 2012-CR5, Cl A3

   

2.540%, 12/10/2045

    125       124  

COMM Mortgage Trust, Ser 2013-CR6, Cl D

   

4.067%, 03/10/2046 (A)(C)

    515       473  

COMM Mortgage Trust, Ser 2013-CR6, Cl A4

   

3.101%, 03/10/2046

    120       122  

COMM Mortgage Trust, Ser 2013-CR8, Cl A4

   

3.334%, 06/10/2046

    120       123  

COMM Mortgage Trust, Ser 2014-CCRE14, Cl A3

   

3.955%, 02/10/2047

    70       74  
Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

MORTGAGE-BACKED SECURITIES (continued)

 

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

    60       63  

COMM Mortgage Trust, Ser 2014-UBS4, Cl A5

   

3.694%, 08/10/2047

    180       188  

COMM Mortgage Trust, Ser 2015-DC1, Cl A5

   

3.350%, 02/10/2048

    155       158  

COMM Mortgage Trust, Ser 2015-PC1, Cl A4

   

3.620%, 07/10/2050

    50       52  

COMM Mortgage Trust, Ser 2016-DC2, Cl A5

   

3.765%, 02/10/2049

    140       147  

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

   

4.577%, 04/15/2037

    20       19  

CSAIL Commercial Mortgage Trust, Ser 2015-C3, Cl A3

   

3.447%, 08/15/2048

    85       87  

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

   

3.808%, 11/15/2048

    165       173  

CSAIL Commercial Mortgage Trust, Ser 2016-C7, Cl A5

   

3.502%, 11/15/2049

    80       82  

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

   

3.552%, VAR ICE LIBOR USD 1 Month+2.000%, 10/25/2023

    21       21  

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

   

2.927%, VAR ICE LIBOR USD 1 Month+1.600%, 01/25/2024

    203       204  

FNMA Connecticut Avenue Securities, Ser 2014-C04, Cl 2M2

   

6.237%, VAR ICE LIBOR USD 1 Month+5.000%, 11/25/2024

    423       478  

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

   

3.477%, VAR ICE LIBOR USD 1 Month+2.150%, 09/25/2028

    200       202  

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

   

5.802%, VAR ICE LIBOR USD 1 Month+4.250%, 01/25/2029

    95       108  

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

   

2.678%, VAR ICE LIBOR USD 1 Month+1.350%, 01/25/2029

    94       95  

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

   

2.852%, VAR ICE LIBOR USD 1 Month+1.300%, 04/25/2029

    569       576  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     11  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

MORTGAGE-BACKED SECURITIES (continued)

 

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

   

5.902%, VAR ICE LIBOR USD 1 Month+4.350%, 05/25/2029

  $ 153     $ 170  

FNMA Connecticut Avenue Securities, Ser 2017-C01, Cl 1M1

   

2.852%, VAR ICE LIBOR USD 1 Month+1.300%, 07/25/2029

    224       226  

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

   

5.020%, 04/10/2047 (A)(C)

    80       53  

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

   

5.134%, 01/25/2035 (C)

    63       60  

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

   

3.538%, 09/15/2047

    185       191  

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

   

6.068%, 02/12/2051

    6       6  

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

   

2.745%, VAR LIBOR USD 1 Month+1.500%, 02/12/2051

    73       72  

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

   

2.829%, 10/15/2045

    129       130  

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

   

5.309%, 12/25/2034 (C)

    61       61  

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

   

6.150%, 04/15/2041 (C)

    22       22  

LSTAR Commercial Mortgage Trust, Ser 2016-4, Cl A2 2.458%, 03/10/2049 (A)

    159       156  

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

   

5.408%, 10/12/2052 (A)(C)

    10       1  

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

   

4.408%, 10/12/2052 (A)(C)

    15       10  

Morgan Stanley Capital I Trust, Ser 2016-UB12, Cl A3

   

3.337%, 12/15/2049

    155       158  

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

   

3.872%, 01/05/2043 (A)(C)

    135       136  

TAGUS-Sociedade de Titularizacao de Creditos, Ser 2014-2, Cl SNR

   

2.980%, 02/16/2018

  EUR 28       33  
Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

MORTGAGE-BACKED SECURITIES (continued)

 

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

   

3.187%, 03/10/2046

  $ 100     $ 102  

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

   

2.971%, 04/10/2046

    70       71  

Wells Fargo Commercial Mortgage Trust, Ser 2015-C28, Cl A3

   

3.290%, 05/15/2048

    120       122  

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

   

3.410%, 09/15/2058

    80       82  

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

   

3.560%, 01/15/2059

    140       145  

Wells Fargo Commercial Mortgage Trust, Ser C38, Cl A5

   

3.453%, 07/15/2050

    205       205  

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

   

2.875%, 12/15/2045

    125       125  

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

   

5.766%, 04/15/2045 (A)(C)

    55       54  
   

 

 

 
      6,465  
   

 

 

 

Total Mortgage-Backed Securities
(Cost $8,598) ($ Thousands)

 

    8,733  
   

 

 

 

U.S. TREASURY OBLIGATIONS — 1.5%

 

U.S. Treasury Bond STRIPS

   

2.974%, 08/15/2045 (B)

    1,070       497  

2.865%, 11/15/2045 (B)

    1,030       474  

U.S. Treasury Inflation Indexed Bonds

   

0.250%, 01/15/2025

    1,207       1,196  

U.S. Treasury Note

   

1.000%, 09/30/2019

    2,170       2,138  

United States Treasury Bill

   

1.272%, 03/01/2018 (B)

    2,725       2,719  
   

 

 

 

Total U.S. Treasury Obligations
(Cost $7,027) ($ Thousands)

 

    7,024  
   

 

 

 

CORPORATE OBLIGATIONS — 1.5%

 

United States — 1.5%

 

Altria Group

   

4.750%, 05/05/2021

    180       193  

Anthem

   

2.300%, 07/15/2018

    150       150  
 

 

12    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

CORPORATE OBLIGATIONS (continued)

 

Charter Communications Operating

   

4.908%, 07/23/2025

  $ 375     $ 399  

Community Health Systems

   

6.250%, 03/31/2023

    175       158  

5.125%, 08/01/2021

    98       88  

Dell International

   

5.450%, 06/15/2023 (A)

    240       259  

Goldman Sachs Group

   

2.625%, 04/25/2021

    425       425  

2.375%, 01/22/2018

    2,400       2,400  

Hess

   

4.300%, 04/01/2027

    333       334  

Hewlett Packard Enterprise

   

4.900%, 10/15/2025

    185       195  

Mallinckrodt International Finance

   

5.750%, 08/01/2022 (A)

    37       34  

4.875%, 04/15/2020 (A)

    137       131  

Nabors Industries

   

5.500%, 01/15/2023

    187       181  
Description  

Face Amount

(Thousands)

   

Market Value

($ Thousands)

 

CORPORATE OBLIGATIONS (continued)

 

PNC Funding

   

3.300%, 03/08/2022

  $ 150     $ 154  

QEP Resources

   

5.250%, 05/01/2023

    108       109  

Santander Holdings USA

   

3.700%, 03/28/2022 (A)

    460       466  

Seagate

   

4.875%, 03/01/2024 (A)

    85       86  

Seagate HDD Cayman

   

4.750%, 06/01/2023

    17       17  

4.750%, 01/01/2025

    123       121  

Societe Generale MTN

   

2.500%, 04/08/2021 (A)

    500       497  

Tenet Healthcare

   

4.375%, 10/01/2021

    110       110  

Uniti Group

   

6.000%, 04/15/2023 (A)

    162       159  
   

 

 

 

Total Corporate Obligations
(Cost $6,670) ($ Thousands)

 

    6,666  
   

 

 

 

Total Investments in Securities— 99.1%
(Cost $444,837) ($ Thousands)

 

  $ 453,085  
   

 

 

 
 

 

A list of the open futures contracts held by the Fund at December 31, 2017, is as follows:

 

Type of Contract   

Number of

Contracts

Long/(Short)

   

Expiration

Date

    

Notional Amount

(Thousands)

   

Value

(Thousands)

   

Unrealized
Appreciation

(Depreciation)

(Thousands)

 

Australian 10-Year Bond

     (9     Mar-2018      $ (900   $ (909   $ 1  

Australian 3-Year Bond

     159       Mar-2018        13,505       13,816       (59

Canadian 10-Year Bond

     19       Mar-2018        2,006       2,044       (21

Canadian 10-Year Bond

     (17     Mar-2018        (1,807     (1,829     21  

Euro

     (180     Feb-2018        (26,716     (27,170     (454

Euro-Bob

     (4     Mar-2018        (624     (632     4  

Euro-Bob

     7       Mar-2018        1,096       1,106       (1

Euro-BTP

     (5     Mar-2018        (823     (817     20  

Euro-Bund

     (55     Mar-2018        (10,600     (10,678     58  

Euro-Bund

     (53     Mar-2018        (10,257     (10,290     95  

Euro-Buxl 30 Year Bond

     2       Mar-2018        392       394       (3

Euro-Buxl 30 Year Bond

     14       Mar-2018        2,764       2,755       (45

Euro-OAT

     (4     Mar-2018        (747     (745     7  

Euro-OAT

     29       Mar-2018        5,390       5,404       (60

Euro-Schatz

     (55     Mar-2018        (7,270     (7,395     11  

Euro-Schatz

     33       Mar-2018        4,409       4,437       (3

Japanese 10-Year Bond

     12       Mar-2018        16,058       16,062       (8

Japanese 10-Year Bond E-MINI

     (34     Mar-2018        (4,546     (4,553     (1

Japanese 10-Year Bond E-MINI

     1       Mar-2018        134       134        

Long Gilt 10-Year Bond

     (17     Mar-2018        (2,840     (2,878     (14

Long Gilt 10-Year Bond

     2       Mar-2018        339       339        

U.S. 10-Year Treasury Note

     7       Mar-2018        873       868       (5

U.S. 10-Year Treasury Note

     (91     Mar-2018        (11,281     (11,288     (7

U.S. 2-Year Treasury Note

     (25     Mar-2018        (5,364     (5,353     12  

U.S. 2-Year Treasury Note

     8       Mar-2018        1,715       1,713       (3

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     13  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Type of Contract   

Number of

Contracts

Long/(Short)

   

Expiration

Date

    

Notional Amount

(Thousands)

   

Value

(Thousands)

   

Unrealized

Appreciation

(Depreciation)

(Thousands)

 

U.S. 5-Year Treasury Note

     (33     Mar-2018      $ (3,853   $ (3,833   $ 20  

U.S. 5-Year Treasury Note

     (105     Mar-2018        (12,205     (12,197     8  

U.S. Long Treasury Bond

     (1     Mar-2018        (153     (153      

U.S. Long Treasury Bond

     11       Mar-2018        1,679       1,683       4  

U.S. Ultra Long Treasury Bond

     (12     Mar-2018        (1,993     (2,012     (19

U.S. Ultra Long Treasury Bond

     12       Mar-2018        1,998       2,012       13  

Ultra 10-Year U.S. Treasury Note

     1       Mar-2018        134       134       (1

Ultra 10-Year U.S. Treasury Note

     7       Mar-2018        930       935       5  
       

 

 

 
        $ (48,557   $ (48,896   $ (425
       

 

 

 

A list of the forward foreign currency contracts held by the Fund at December 31, 2017, is as follows:

 

Counterparty    Settlement Date           

Currency to Deliver

(Thousands)

            

Currency to Receive

(Thousands)

    

Unrealized Appreciation

(Depreciation)

($ Thousands)

 

ANZ

   01/29/18      EUR        14,412        USD        17,021        (311

ANZ

   03/07/18      NZD        6,388        USD        4,423        (115

ANZ

   03/07/18      AUD        9,659        USD        7,337        (216

Bank of America

   01/09/18      USD        279        EUR        235        3  

Bank of America

   01/09/18      AUD        475        USD        362        (10

Bank of America

   01/09/18      GBP        18,857        USD        25,489        (24

Barclays PLC

   01/09/18      USD        17        SEK        141         

Barclays PLC

   01/09/18      CHF        170        USD        172        (3

Barclays PLC

   01/09/18      USD        274        GBP        204        2  

Barclays PLC

   01/09/18      EUR        23,063        USD        27,456        (248

BNP Paribas

   01/09/18      USD        1,191        EUR        998        8  

BNP Paribas

   01/09/18      JPY        3,357,830        USD        29,979        161  

BNP Paribas

   02/07/18      EUR        522        USD        628         

Brown Brothers Harriman

   01/18/18      USD        182        CAD        232        3  

Brown Brothers Harriman

   02/02/18      USD        67        GBP        50        1  

Brown Brothers Harriman

   02/02/18      GBP        350        USD        470        (4

Brown Brothers Harriman

   02/07/18      USD        525        ZAR        7,052        41  

Brown Brothers Harriman

   02/07/18      ZAR        7,559        USD        555        (52

Brown Brothers Harriman

   02/22/18      USD        129        MXN        2,498        (3

Brown Brothers Harriman

   02/28/18      USD        393        TRY        1,539        7  

Brown Brothers Harriman

   03/12/18      EUR        758        USD        897        (16

Brown Brothers Harriman

   03/28/18      SEK        7,649        USD        907        (32

BT Brokerage

   01/09/18 - 02/07/18      EUR        1,033        USD        1,235        (7

BT Brokerage

   01/09/18      SGD        1,424        USD        1,059        (7

BT Brokerage

   01/09/18      SEK        3,003        USD        359        (8

BT Brokerage

   01/09/18      MXN        52,338        USD        2,791        119  

CIBC

   01/09/18      USD        1,956        CAD        2,500        40  

Citigroup

   01/03/18      USD        652        BRL        2,144        (6

Citigroup

   01/03/18      BRL        2,077        USD        627        1  

Citigroup

   01/09/18      USD        60        AUD        80        3  

Citigroup

   01/09/18      USD        61        SEK        510        2  

Citigroup

   01/09/18      USD        122        CAD        156        3  

Citigroup

   01/09/18      USD        182        GBP        136        2  

Citigroup

   01/09/18      AUD        188        USD        142        (5

Citigroup

   01/09/18      USD        203        NOK        1,681        3  

Citigroup

   01/09/18      EUR        562        USD        672        (3

Citigroup

   01/09/18 - 03/12/18      USD        685        EUR        578        11  

 

14    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Counterparty    Settlement Date             

Currency to Deliver

(Thousands)

            

Currency to Receive

(Thousands)

    

Unrealized Appreciation

(Depreciation)

($ Thousands)

 

Citigroup

     01/09/18        NOK        1,143        USD        138        (1

Citigroup

     01/09/18        NZD        1,394        USD        960        (31

Citigroup

     01/09/18        ILS        3,023        USD        864        (7

Citigroup

     01/09/18        SEK        3,477        USD        415        (10

Citigroup

     01/09/18        PLN        5,217        USD        1,474        (27

Citigroup

     01/09/18        CZK        12,494        USD        584        (4

Citigroup

     01/09/18        JPY        51,625        USD        461        3  

Citigroup

     01/18/18        USD        871        KRW        969,623        36  

Citigroup

     01/25/18        USD        638        RUB        38,777        33  

Citigroup

     02/02/18        GBP        9,210        USD        12,385        (85

Citigroup

     02/09/18        JPY        703,292        USD        6,300        43  

Credit Suisse First Boston

     01/09/18        CAD        1        USD        1        —    

Credit Suisse First Boston

     01/09/18        EUR        650        USD        770        (11

Deutsche Bank

     01/03/18        USD        50        BRL        163        (1

Goldman Sachs

     02/05/18        EUR        14,412        USD        17,027        (312

HSBC

     01/09/18        USD        931        ZAR        12,783        101  

HSBC

     01/09/18        JPY        3,357,830        USD        29,977        159  

HSBC

     01/22/18        EUR        14,412        USD        17,007        (318

HSBC

     02/22/18        MXN        63,785        USD        3,333        102  

HSBC

     03/09/18        USD        1,388        PLN        4,951        38  

JPMorgan Chase Bank

     01/09/18        USD        63        CAD        80        1  

JPMorgan Chase Bank

     01/09/18        GBP        92        USD        123        (1

JPMorgan Chase Bank

     01/09/18        USD        145        AUD        191        4  

JPMorgan Chase Bank

     01/09/18        NZD        178        USD        125        (1

JPMorgan Chase Bank

     01/09/18        USD        301        NZD        435        9  

JPMorgan Chase Bank

     01/09/18        CAD        311        USD        245        (3

JPMorgan Chase Bank

     01/09/18        AUD        320        USD        243        (7

JPMorgan Chase Bank

     01/09/18        USD        465        JPY        51,644        (6

JPMorgan Chase Bank

     01/09/18        USD        592        GBP        441        5  

JPMorgan Chase Bank

     01/09/18        USD        942        NOK        7,824        15  

JPMorgan Chase Bank

     01/09/18        NOK        1,200        USD        146        (1

JPMorgan Chase Bank

     01/09/18 - 02/07/18        USD        2,087        SEK        17,354        35  

JPMorgan Chase Bank

     01/09/18 - 02/07/18        USD        4,472        EUR        3,751        40  

JPMorgan Chase Bank

     01/09/18        SEK        4,954        USD        590        (15

JPMorgan Chase Bank

     01/09/18 - 01/10/18        EUR        13,852        USD        16,399        (241

JPMorgan Chase Bank

     01/09/18        THB        47,594        USD        1,464        3  

JPMorgan Chase Bank

     01/09/18        HUF        117,758        USD        449        (7

JPMorgan Chase Bank

     01/09/18        JPY        171,787        USD        1,530        5  

JPMorgan Chase Bank

     01/10/18        USD        205        JPY        22,741        (3

JPMorgan Chase Bank

     01/10/18        USD        1,091        COP        3,289,707        11  

JPMorgan Chase Bank

     01/10/18        USD        1,808        CLP        1,149,590        62  

JPMorgan Chase Bank

     01/10/18        USD        2,630        SEK        21,981        56  

JPMorgan Chase Bank

     01/10/18        CHF        2,986        USD        3,049        (17

JPMorgan Chase Bank

     01/10/18        USD        4,220        NOK        34,513        —    

JPMorgan Chase Bank

     01/10/18        PLN        5,392        USD        1,510        (42

JPMorgan Chase Bank

     01/10/18        USD        5,830        GBP        4,382        99  

JPMorgan Chase Bank

     01/10/18        SGD        8,900        USD        6,600        (61

JPMorgan Chase Bank

     01/10/18        BRL        11,651        USD        3,565        55  

JPMorgan Chase Bank

     01/10/18        AUD        12,941        USD        9,822        (299

JPMorgan Chase Bank

     01/10/18        MXN        18,640        USD        987        35  

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     15  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

Counterparty    Settlement Date             

Currency to Deliver

(Thousands)

            

Currency to Receive

(Thousands)

    

Unrealized Appreciation

(Depreciation)

($ Thousands)

 

JPMorgan Chase Bank

     01/10/18 - 01/18/18        CAD        19,718        USD        15,509        (234

JPMorgan Chase Bank

     01/10/18        NZD        20,758        USD        14,222        (539

JPMorgan Chase Bank

     01/10/18        THB        114,930        USD        3,516        (11

JPMorgan Chase Bank

     01/10/18        HUF        579,831        USD        2,188        (58

JPMorgan Chase Bank

     01/10/18        KRW        1,835,000        USD        1,686        (29

JPMorgan Chase Bank

     01/10/18        JPY        2,817,293        USD        25,310        291  

JPMorgan Chase Bank

     02/07/18        EUR        326        USD        392        —    

JPMorgan Chase Bank

     02/16/18        USD        485        ARS        8,746        (30

Montgomery/Bank of America

     02/02/18        USD        69        BRL        230        —    

Morgan Stanley

     01/09/18        USD        188        EUR        158        2  

Morgan Stanley

     01/09/18        GBP        442        USD        599        1  

Morgan Stanley

     01/09/18        USD        536        JPY        60,006        (4

Morgan Stanley

     01/09/18        USD        586        NOK        4,824        4  

Morgan Stanley

     01/09/18        DKK        1,111        USD        177        (2

Morgan Stanley

     01/09/18        USD        2,327        SEK        19,406        45  

Morgan Stanley

     01/09/18        NZD        4,750        USD        3,247        (131

Morgan Stanley

     01/09/18        SEK        7,657        USD        916        (20

Morgan Stanley

     01/09/18        NOK        7,727        USD        938        (7

Morgan Stanley

     01/09/18        ZAR        12,783        USD        929        (103

Morgan Stanley

     01/09/18        EUR        23,063        USD        27,447        (257

Morgan Stanley

     01/09/18        JPY        30,100        USD        270        2  

Morgan Stanley

     03/12/18        EUR        1,990        USD        2,375        (24

National Bank of Australia

     01/09/18        USD        533        EUR        450        8  

National Bank of Australia

     01/09/18        EUR        1,506        USD        1,776        (33

RBC

     01/09/18        EUR        120        USD        143        (1

RBC

     01/09/18        CAD        16,207        USD        12,567        (370

RBC

     02/07/18        GBP        275        USD        372        —    

Scotia Capital

     01/09/18        JPY        300,821        USD        2,656        (16

Standard Bank

     01/18/18        USD        1,872        KRW        2,054,955        49  

Standard Chartered

     01/18/18        KRW        3,024,038        USD        2,670        (158

State Street

     01/09/18        EUR        57        USD        67        (1

State Street

     01/09/18        USD        67        SEK        570        2  

State Street

     01/09/18        NZD        89        USD        63        —    

State Street

     01/09/18        USD        173        EUR        145        1  

State Street

     01/09/18        USD        178        DKK        1,111        1  

State Street

     01/09/18        GBP        205        USD        277        —    

State Street

     01/09/18        AUD        238        USD        186        —    

State Street

     01/09/18        USD        453        CAD        584        13  

State Street

     01/09/18        JPY        30,650        USD        272        —    

TD Securities

     01/09/18        USD        264        EUR        220        —    

TD Securities

     01/09/18        NZD        379        USD        261        (8

TD Securities

     01/09/18        PLN        1,101        USD        312        (5

TD Securities

     01/09/18        USD        2,328        SEK        19,406        43  

TD Securities

     01/09/18        SEK        6,266        USD        752        (14

TD Securities

     01/09/18        AUD        7,116        USD        5,399        (167

TD Securities

     01/09/18        EUR        23,762        USD        28,242        (302

UBS

     01/09/18        CHF        1,543        USD        1,572        (12

UBS

     01/16/18        EUR        14,412        USD        17,006        (312
                 

 

 

 
                  $ (3,607
                 

 

 

 

 

16    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

A list of open OTC swap agreements held by the Fund at December 31, 2017, is as follows:

 

Credit Default Swaps  
Counterparty   Reference Entity/Obligation    

Buy/Sell

Protection

   

(Pays)/Receives

Rate

   

Payment

Frequency

   

Termination

Date

   

Notional

Amount

(Thousands)

   

Value

(Thousands)

   

Upfront

Payments/

Receipts

(Thousands)

   

Net Unrealized

Appreciation

(Depreciation)

(Thousands)

 

Credit Suisse

    CMBX.NA.BB.6       Sell       5.00%             05/11/2063       (370)     $ (88   $ (62   $ (26

Credit Suisse

    CMBX.NA.BB.6       Sell       5.00%             05/11/2063       (130)       (31     (17     (14

Credit Suisse

    CMBX.NA.BB.6       Sell       5.00%             05/11/2063       (240)       (57     (31     (27

Credit Suisse

    CMBX.NA.BBB-.6       Sell       3.00%             05/11/2063       (373)       (55     (27     (27

Credit Suisse

    CMBX.NA.BBB-.6       Sell       3.00%             05/11/2063       (134)       (20     (8     (11

Credit Suisse

    CMBX.NA.BBB-.6       Sell       3.00%             05/11/2063       (127)       (19     (9     (9

Deutsche Bank

    CMBX.NA.BBB-.6       Sell       3.00%             05/11/2063       (406)       (59     (30     (30

Credit Suisse

    CMBX.NA.BBB-.6       Sell       3.00%             05/11/2063       (460)       (67     (35     (32
             

 

 

   

 

 

   

 

 

 
              $ (395   $ (219   $ (176
             

 

 

   

 

 

   

 

 

 

A list of the open centrally cleared swap agreements held by the Fund at December 31, 2017, is as follows:

 

Interest Rate Swap  
Fund Pays   Fund Receives  

Payment

Frequency

  Termination Date   Currency  

Notional

Amount

(Thousands)

    Value
(Thousands)
    Upfront
Payments/
Receipts
(Thousands)
   

Net Unrealized

Appreciation

(Depreciation)

(Thousands)

 
6M EURIBOR   0.90%   Semi-Annual   10/30/2027   EUR     11,600       $53       $–         $52  

 

Credit Default Swap  
Reference Entity/
Obligation
  Buy/Sell
Protection
 

(Pays)/Receives

Rate

 

Payment

Frequency

 

Termination Date

 

Notional Amount

(Thousands)

   

Value

(Thousands)

   

Upfront Payments/

Receipts
(Thousands)

   

Net Unrealized

Appreciation
(Depreciation)
(Thousands)

 
Itraxx Europe Series 28   Sell   1.00%   Quarterly   12/20/2022     $(5,450)       $177       $139       $36  

 

   Percentages are based on Net Assets of $457,247 ($ 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, 2017, the value of these securities amounted to $57,433 ($ Thousands), representing 12.56% of the Net Assets of the Fund.
(B) Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.
(C) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

ARS — Argentine Peso

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

CNY — Chinese Yuan Onshore

COP — Colombian Peso

CZK — Czech Koruna

DKK — Danish Krone

EUR — Euro

EURIBOR — Euro London Interbank Offered Rate

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GBP — British Pound Sterling

ILS — Israeli New Sheckels

INR — Indian Rupee

IO — Interest Only — face amount represents notional amount.

JPY — Japanese Yen

KRW — Korean Won

MTN — Medium Term Note

MXN — Mexican Peso

NOK — Norwegian Krone

NZD — New Zealand Dollar

OTC — Over the Counter

PLN — Polish Zloty

RUB — Russian Ruble

SEK — Swedish Krona

Ser — Series

SGD — Singapore Dollar

STRIPS — Separately Traded Registered Interest and Principal Securities

THB — Thai Bhat

TRY — Turkish Lira

TWD — Taiwan Dollar

USD — United States Dollar

UYU — Uruguayan Peso

ZAR — South African Rand

 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     17  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

International Fixed Income Fund (Continued)

 

The following is a list of the level of inputs used as of December 31, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

 

Investments in Securities   Level 1     Level 2     Level 3     Total  

Global Bonds

  $     $ 430,662     $     $   430,662  

Mortgage-Backed Securities

          8,733             8,733  

U.S. Treasury Obligations

          7,024             7,024  

Corporate Obligations

          6,666             6,666  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Investments in Securities

  $     $   453,085     $   –     $ 453,085  
 

 

 

   

 

 

   

 

 

   

 

 

 
       
Other Financial Instruments   Level 1     Level 2     Level 3     Total  

Futures Contracts *

       

Unrealized Appreciation

  $ 278     $     $     –     $ 278  

Unrealized Depreciation

    (703                 (703

Forwards Contracts *

       

Unrealized Appreciation

          1,824             1,824  

Unrealized Depreciation

          (5,431           (5,431

OTC Swaps

       

Credit Default Swaps *

       
Other Financial Instruments   Level 1     Level 2     Level 3     Total  

Unrealized Depreciation

  $     $ (176   $     $ (176

Centrally Cleared Swaps

       

Credit Default Swaps *

       

Unrealized Appreciation

          36             36  

Interest Rate Swaps *

       

Unrealized Appreciation

          52             52  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Other Financial Instruments

  $ (425   $ (3,695   $     –     $ (4,120
 

 

 

   

 

 

   

 

 

   

 

 

 

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

For the period ended December 31, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended December 31, 2017, 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, 2017, 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

    $–       $–       $(216,361     $177,837       $(38,524

Maximum potential amount of future payments

                2,240,000       6,544,345       8,784,345  

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

                5,450,000                   5,450,000  

> than 400

                            2,240,000       2,240,000  

Total

    $–       $–       $5,450,000       $–       $2,240,000       $7,690,000  

[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.

 

18    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund

 

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

GLOBAL BONDS — 94.0%

   

Argentina — 4.6%

   

Adecoagro

   

6.000%, 09/21/2027 (A)

  $ 785     $ 778  

Argentina POM Politica Monetaria

   

28.750%, VAR Argentina Central Bank 7D Repo Ref Rate+0.000%, 06/21/2020

  ARS 19,380       1,105  

Argentina Treasury Bond

   

2.500%, 07/22/2021

    6,000       415  

Argentine Bonad Bonds

   

2.400%, 03/18/2018

  $ 1,568       1,559  

Argentine Bonos del Tesoro

   

22.750%, 03/05/2018

  ARS 13,700       723  

21.200%, 09/19/2018

    27,802       1,433  

18.200%, 10/03/2021

    21,053       1,141  

Argentine Republic Government International Bond

   

6.625%, 07/06/2028

  $ 203       218  

5.000%, 01/15/2027

  EUR 2,585       3,216  

City of Buenos Aires Argentina

   

26.661%, VAR 30-35d Argentina BADLAR Private Banks+3.250%, 03/29/2024

  ARS 17,831       923  

Letras del Banco Central de la Republica Argentina (B)

   

5.052%, 02/21/2018

    86,440       4,396  

4.705%, 05/16/2018

    46,937       2,251  

4.555%, 07/18/2018

    27,705       1,272  

4.458%, 08/15/2018

    25,817       1,164  

Pampa Energia

   

7.500%, 01/24/2027 (A)

  $ 343       376  

7.375%, 07/21/2023 (A)

    270       294  

Provincia de Buenos Aires

   

7.875%, 06/15/2027

    2,762       3,065  

5.375%, 01/20/2023 (A)

  EUR 608       774  

Provincia de Cordoba

   

7.125%, 06/10/2021 (A)

  $ 531       573  

Provincia del Chaco Argentina

   

9.375%, 08/18/2024

    654       691  

Republic of Argentina

   

8.280%, 12/31/2033

    2,426       2,803  

8.280%, 12/31/2033

    1,655       1,951  

7.820%, 12/31/2033

  EUR 7,012       9,755  

7.820%, 12/31/2033

    9,698       13,604  

7.500%, 04/22/2026

  $ 5,050       5,717  

3.380%, 03/31/2019 (C)

  EUR 564       494  

3.380%, 03/31/2019 (C)

    12,838       11,253  

Tecpetrol

   

4.875%, 12/12/2022 (A)

  $ 691       691  
Description   Face Amount
(Thousands)
    Market Value
($ Thousands)
 

GLOBAL BONDS (continued)

   

YPF MTN

   

25.458%, VAR 30-35d Argentina BADLAR Private Banks+4.000%, 07/07/2020

  $ 368     $ 358  
   

 

 

 
      72,993  
   

 

 

 

Armenia — 0.0%

   

Republic of Armenia

   

7.150%, 03/26/2025 (A)

    600       684  
   

 

 

 

Azerbaijan — 0.9%

   

Republic of Azerbaijan

   

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

    1,360       1,404  

Southern Gas Corridor

   

6.875%, 03/24/2026

    3,889       4,419  

6.875%, 03/24/2026 (A)

    1,437       1,633  

State Oil of the Azerbaijan Republic

   

6.950%, 03/18/2030

    963       1,066  

6.950%, 03/18/2030

    1,285       1,423  

State Oil of the Azerbaijan Republic MTN

   

4.750%, 03/13/2023

    3,620       3,665  

4.750%, 03/13/2023

    1,500       1,519  
   

 

 

 
      15,129  
   

 

 

 

Bahamas — 0.0%

   

Bahamas Government International Bond

   

6.000%, 11/21/2028

    287       298  
   

 

 

 

Bahrain — 0.2%

   

Bahrain Government International Bond

   

7.000%, 10/12/2028 (A)

    641       651  

7.000%, 10/12/2028

    679       689  

6.750%, 09/20/2029

    1,276       1,257  

Oil and Gas Holding BSCC

   

7.500%, 10/25/2027 (A)

    1,102       1,129  
   

 

 

 
      3,726  
   

 

 

 

Belize — 0.1%

   

Belize Government International Bond

   

5.000%, 02/20/2034 (C)

    2,637       1,566  
   

 

 

 

Bermuda — 0.3%

   

Government of Bermuda

   

4.854%, 02/06/2024

    2,580       2,794  

3.717%, 01/25/2027

    1,321       1,336  
   

 

 

 
      4,130  
   

 

 

 

Brazil — 8.1%

   

Banco Nacional de Desenvolvimento Economico e Social

   

6.500%, 06/10/2019 (A)

    660       691  

4.750%, 05/09/2024 (A)

    848       854  

Braskem Finance

   

5.750%, 04/15/2021

    1,797       1,905  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     1  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

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

GLOBAL BONDS (continued)

   

Brazil Letras do Tesouro Nacional (B)

   

0.676%, 01/01/2019

  BRL 41,355     $ 11,672  

0.327%, 01/01/2020

    27,000       6,974  

0.297%, 07/01/2020

    27,974       6,867  

0.245%, 07/01/2019

    28,025       7,602  

Brazil Loan Trust 1

   

5.477%, 07/24/2023 (A)

  $ 264       276  

5.477%, 07/24/2023

    300       312  

Brazil Minas SPE via State of Minas Gerais

   

5.333%, 02/15/2028 (A)

    224       227  

5.333%, 02/15/2028

    4,191       4,243  

5.333%, 02/15/2028

    1,176       1,191  

Brazil Notas do Tesouro Nacional, Serie F

   

10.000%, 01/01/2021

  BRL 44,215       13,714  

10.000%, 01/01/2023

    71,076       21,681  

10.000%, 01/01/2025

    44,980       13,529  

10.000%, 01/01/2027

    18,210       5,431  

Brazilian Government International Bond

   

4.625%, 01/13/2028

  $ 1,278       1,284  

Cosan Luxembourg

   

7.000%, 01/20/2027 (A)

    253       273  

ESAL GmbH

   

6.250%, 02/05/2023 (A)

    104       99  

Federal Republic of Brazil

   

8.250%, 01/20/2034

    2,768       3,626  

6.000%, 04/07/2026

    609       680  

5.625%, 01/07/2041

    416       425  

5.625%, 02/21/2047

    679       694  

5.000%, 01/27/2045

    2,985       2,782  

Gol Finance

   

7.000%, 01/31/2025 (A)(E)

    443       435  

Klabin Finance

   

5.250%, 07/16/2024

    790       822  

Marfrig Holdings Europe

   

8.000%, 06/08/2023

    1,100       1,147  

Minerva Luxembourg

   

6.500%, 09/20/2026

    1,401       1,439  

6.500%, 09/20/2026 (A)

    2,293       2,356  

Nexa Resources

   

5.375%, 05/04/2027 (A)

    2,891       3,064  

Petrobras Global Finance

   

8.750%, 05/23/2026

    2,741       3,275  

7.375%, 01/17/2027

    6,155       6,777  

6.250%, 03/17/2024

    2,199       2,333  

Rumo Luxembourg

   

7.375%, 02/09/2024 (A)

    898       966  
   

 

 

 
      129,646  
   

 

 

 

Cameroon — 0.1%

   

Republic of Cameroon International Bond

   

9.500%, 11/19/2025 (A)

    1,612       1,934  
   

 

 

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

GLOBAL BONDS (continued)

   

Chile — 1.1%

   

Banco de Credito e Inversiones

   

3.500%, 10/12/2027 (A)

  $ 1,256     $ 1,225  

Bonos de la Tesoreria de la Republica en pesos

   

6.000%, 01/01/2020

  CLP 80,000       141  

6.000%, 01/01/2043

    2,825,000       5,250  

5.000%, 03/01/2035

    1,560,000       2,578  

4.500%, 02/28/2021

    350,000       591  

Celulosa Arauco y Constitucion

   

5.500%, 11/02/2047 (A)

  $ 249       259  

Cencosud

   

4.375%, 07/17/2027 (A)

    1,819       1,798  

Empresa de Transporte de Pasajeros Metro

   

5.000%, 01/25/2047 (A)

    2,000       2,191  

Empresa Electrica Angamos

   

4.875%, 05/25/2029 (A)

    1,323       1,321  

Empresa Nacional del Petroleo

   

4.500%, 09/14/2047 (A)

    332       318  

4.375%, 10/30/2024

    200       209  

3.750%, 08/05/2026

    640       636  

3.750%, 08/05/2026 (A)

    387       384  

Geopark

   

6.500%, 09/21/2024 (A)

    492       505  

Republic of Chile

   

5.500%, 08/05/2020

  CLP 323,000       550  
   

 

 

 
      17,956  
   

 

 

 

China — 0.5%

   

Alibaba Group Holding

   

4.200%, 12/06/2047

  $ 310       323  

China Evergrande Group

   

8.750%, 06/28/2025

    700       726  

China Minmetals

   

3.750%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.717%, 05/13/2166

    1,797       1,766  

Chinalco Capital Holdings

   

4.250%, 04/21/2022

    740       741  

Huarong Finance 2017 MTN

   

4.250%, 11/07/2027

    676       667  

4.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+6.983%, 05/07/2166

    1,463       1,449  

Sinopec Group Overseas Development 2014

   

4.375%, 04/10/2024 (A)

    1,033       1,096  

Sinopec Group Overseas Development 2017

   

3.250%, 09/13/2027 (A)

    1,388       1,355  
   

 

 

 
      8,123  
   

 

 

 

Colombia — 5.6%

   

Bogota Distrito Capital

   

9.750%, 07/26/2028

  COP 370,000       132  
 

 

2    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

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

GLOBAL BONDS (continued)

 

 

9.750%, 07/26/2028 (A)

  COP 8,820,000     $ 3,144  

Colombian TES

   

11.000%, 07/24/2020

    5,925,800       2,252  

10.000%, 07/24/2024

    34,842,600       14,076  

7.750%, 09/18/2030

    1,040,700       379  

7.500%, 08/26/2026

    40,007,000       14,279  

7.000%, 09/11/2019

    3,623,300       1,256  

7.000%, 05/04/2022

    29,705,000       10,426  

7.000%, 06/30/2032

    6,043,000       2,046  

5.000%, 11/21/2018

    17,813,600       5,993  

Ecopetrol

   

7.375%, 09/18/2043

  $ 280       337  

5.875%, 05/28/2045

    4,440       4,533  

Emgesa ESP

   

8.750%, 01/25/2021

  COP 870,000       306  

Empresas Publicas de Medellin ESP

   

8.375%, 02/01/2021

    3,962,000       1,370  

8.375%, 11/08/2027 (A)

    1,760,000       606  

7.625%, 09/10/2024 (A)

    3,116,000       1,044  

Financiera de Desarrollo Territorial Findeter

   

7.875%, 08/12/2024

    884,000       301  

7.875%, 08/12/2024 (A)

    1,127,000       384  

Republic of Colombia

   

11.750%, 02/25/2020

  $ 322       384  

9.850%, 06/28/2027

  COP 1,257,000       526  

9.850%, 06/28/2027

    3,803,000       1,592  

8.125%, 05/21/2024

  $ 550       694  

7.750%, 04/14/2021

  COP 3,331,000       1,184  

7.375%, 09/18/2037

  $ 1,570       2,121  

6.125%, 01/18/2041

    3,194       3,857  

6.000%, 04/28/2028

  COP   11,502,900       3,697  

5.000%, 06/15/2045

  $ 4,751       5,024  

4.500%, 01/28/2026

    1,636       1,745  

4.375%, 07/12/2021

    3,240       3,417  

4.375%, 03/21/2023

  COP 1,782,000       564  

4.375%, 03/21/2023

    1,089,000       345  

4.000%, 02/26/2024

  $ 1,644       1,705  

3.875%, 04/25/2027

    214       218  
   

 

 

 
      89,937  
   

 

 

 

Costa Rica — 1.3%

   

Banco Nacional de Costa Rica

   

6.250%, 11/01/2023 (A)

    753       796  

5.875%, 04/25/2021 (A)

    597       622  

Costa Rica Government International Bond

   

7.000%, 04/04/2044

    900       929  

Instituto Costarricense de Electricidad

   

6.950%, 11/10/2021

    400       432  

6.375%, 05/15/2043

    250       231  

Republic of Costa Rica

   

7.158%, 03/12/2045

    4,436       4,658  

7.158%, 03/12/2045 (A)

    1,237       1,299  
Description   Face Amount
(Thousands)
    Market Value
($ Thousands)
 

GLOBAL BONDS (continued)

   

7.158%, 03/12/2045

  $ 3,436     $ 3,608  

7.000%, 04/04/2044 (A)

    4,191       4,326  

7.000%, 04/04/2044

    2,387       2,464  

5.625%, 04/30/2043

    510       450  

5.625%, 04/30/2043 (A)

    130       114  

4.375%, 04/30/2025

    1,720       1,660  
   

 

 

 
      21,589  
   

 

 

 

Croatia — 0.7%

   

Croatia Government International Bond

   

2.750%, 01/27/2030

  EUR 2,169       2,637  

Government of Croatia

   

6.000%, 01/26/2024 (A)

  $ 200       228  

3.000%, 03/11/2025

  EUR 5,720       7,410  

3.000%, 03/20/2027

    1,020       1,314  
   

 

 

 
      11,589  
   

 

 

 

Czech Republic — 0.2%

   

Czech Republic Government Bond

   

0.052%, 07/17/2019

  CZK 70,000       3,219  

0.000%, 01/22/2018

    2,740       129  
   

 

 

 
      3,348  
   

 

 

 

Dominican Republic — 1.1%

   

Dominican Republic International Bond

   

9.040%, 01/23/2018

  $ 121       122  

8.625%, 04/20/2027

    1,332       1,632  

7.450%, 04/30/2044

    451       538  

7.450%, 04/30/2044 (A)

    1,865       2,224  

6.875%, 01/29/2026

    2,000       2,283  

6.875%, 01/29/2026

    443       506  

6.850%, 01/27/2045

    400       449  

6.850%, 01/27/2045

    200       225  

6.850%, 01/27/2045 (A)

    2,788       3,132  

6.600%, 01/28/2024

    656       735  

5.950%, 01/25/2027 (A)

    1,308       1,413  

5.950%, 01/25/2027

    3,089       3,336  

5.875%, 04/18/2024 (A)

    71       76  

5.500%, 01/27/2025

    690       730  

5.500%, 01/27/2025

    249       264  
   

 

 

 
      17,665  
   

 

 

 

Ecuador — 0.9%

   

Ecuador Government International Bond

   

8.875%, 10/23/2027 (D)

    3,740       4,114  

Petroamazonas EP

   

4.625%, 02/16/2020 (A)

    380       371  

4.625%, 11/06/2020 (A)

    1,055       1,029  

Republic of Ecuador

   

10.750%, 03/28/2022 (A)

    428       500  

10.500%, 03/24/2020

    273       302  

9.650%, 12/13/2026 (A)

    1,275       1,463  

9.625%, 06/02/2027

    777       889  

8.750%, 06/02/2023

    660       730  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     3  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

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

GLOBAL BONDS (continued)

   

7.950%, 06/20/2024

  $ 4,875     $ 5,180  
   

 

 

 
      14,578  
   

 

 

 

Egypt — 1.8%

   

Egypt Government International Bond MTN

   

8.500%, 01/31/2047 (A)

    865       993  

8.500%, 01/31/2047

    10,360       11,894  

7.500%, 01/31/2027 (A)

    249       275  

7.500%, 01/31/2027

    4,302       4,755  

6.125%, 01/31/2022 (A)

    1,194       1,249  

6.125%, 01/31/2022

    497       520  

Egypt Treasury Bills (B)

   

3.983%, 01/09/2018

  EGP 34,875       1,956  

3.975%, 01/16/2018

    41,075       2,296  

3.760%, 07/10/2018

    12,000       616  

3.110%, 03/20/2018

    50,750       2,748  

2.949%, 06/19/2018

    40,475       2,096  

0.000%, 03/27/2018

    4,450       240  
   

 

 

 
      29,638  
   

 

 

 

El Salvador — 0.6%

   

El Salvador Government International Bond

   

7.750%, 01/24/2023

  $ 883       968  

Republic of El Salvador

   

8.625%, 02/28/2029

    535       626  

8.250%, 04/10/2032 (A)

    126       145  

7.650%, 06/15/2035

    126       136  

7.650%, 06/15/2035 (D)

    1,596       1,730  

7.625%, 02/01/2041

    1,542       1,673  

7.375%, 12/01/2019

    643       680  

6.375%, 01/18/2027 (A)

    1,121       1,141  

6.375%, 01/18/2027

    1,650       1,679  

6.375%, 01/18/2027

    863       878  

5.875%, 01/30/2025

    210       211  

5.875%, 01/30/2025

    200       201  
   

 

 

 
      10,068  
   

 

 

 

Gabon — 0.3%

   

Gabonese Republic

   

6.950%, 06/16/2025 (A)

    2,104       2,181  

6.375%, 12/12/2024

    1,315       1,332  

6.375%, 12/12/2024 (A)

    1,470       1,490  
   

 

 

 
      5,003  
   

 

 

 

Georgia — 0.0%

   

Republic of Georgia

   

6.875%, 04/12/2021 (A)

    421       471  
   

 

 

 

Ghana — 0.8%

   

Republic of Ghana

   

24.750%, 07/19/2021*

  GHS 3,864       1,026  

24.500%, 04/22/2019*

    1,926       460  

24.000%, 09/09/2019*

    963       233  

10.750%, 10/14/2030 (D)

  $ 6,504       8,947  
Description   Face Amount
(Thousands)
    Market Value
($ Thousands)
 

GLOBAL BONDS (continued)

   

8.125%, 01/18/2026

  $ 2,050     $ 2,278  
   

 

 

 
      12,944  
   

 

 

 

Guatemala — 0.0%

   

Comunicaciones Celulares Via Comcel Trust

   

6.875%, 02/06/2024 (A)

    390       403  
   

 

 

 

Honduras — 0.1%

   

Honduras Government International Bond

   

6.250%, 01/19/2027

    326       348  

6.250%, 01/19/2027 (A)

    490       523  
   

 

 

 
      871  
   

 

 

 

Hungary — 2.4%

   

Hungary Government International Bond

   

1.750%, 10/10/2027

  EUR 1,543       1,918  

Republic of Hungary

   

7.625%, 03/29/2041

  $ 7,530       11,796  

5.500%, 06/24/2025

  HUF 566,260       2,768  

5.375%, 02/21/2023

  $ 1,750       1,947  

3.000%, 06/26/2024

  HUF 2,175,150       9,224  

3.000%, 10/27/2027

    1,262,210       5,325  

2.750%, 12/22/2026

    162,000       671  

1.750%, 10/26/2022

    1,201,820       4,787  
   

 

 

 
      38,436  
   

 

 

 

Indonesia — 8.6%

   

Indika Energy

   

5.875%, 11/09/2024

  $ 330       330  

Indika Energy Capital II

   

6.875%, 04/10/2022

    45       47  

Indo Energy Finance II

   

6.375%, 01/24/2023

    745       765  

Indonesia Government International Bond

   

4.350%, 01/11/2048

    1,429       1,450  

Indonesia Treasury Bond

   

8.750%, 05/15/2031

  IDR 67,036,000       5,756  

8.250%, 07/15/2021

    10,611,000       841  

7.500%, 08/15/2032

    30,578,000       2,383  

7.500%, 05/15/2038

    52,771,000       4,074  

Majapahit Holding

   

7.750%, 01/20/2020

  $ 894       978  

Pelabuhan Indonesia III

   

4.875%, 10/01/2024

    1,659       1,767  

Pertamina Persero

   

6.500%, 05/27/2041 (A)

    380       457  

6.000%, 05/03/2042

    340       386  

6.000%, 05/03/2042 (A)

    935       1,061  

5.250%, 05/23/2021 (A)

    921       987  

4.875%, 05/03/2022 (A)

    220       234  

Pertamina Persero MTN

   

6.450%, 05/30/2044

    439       526  

6.450%, 05/30/2044 (A)

    665       796  

5.625%, 05/20/2043 (A)

    1,434       1,560  
 

 

4    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

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

GLOBAL BONDS (continued)

   

Perusahaan Listrik Negara MTN 5.250%, 10/24/2042

  $ 1,380     $ 1,435  

Republic of Indonesia

   

12.800%, 06/15/2021

  IDR 210,000       19  

11.000%, 09/15/2025

    3,200,000       302  

9.000%, 03/15/2029

    136,154,000       11,844  

8.500%, 10/12/2035

  $ 505       757  

8.500%, 10/12/2035

    525       787  

8.375%, 03/15/2024

  IDR 207,380,000       16,994  

8.375%, 09/15/2026

    21,071,000       1,755  

8.375%, 03/15/2034

    95,294,000       7,831  

8.250%, 06/15/2032

    17,369,000       1,422  

8.250%, 05/15/2036

    48,584,000       3,993  

7.750%, 01/17/2038

  $ 1,797       2,570  

7.000%, 05/15/2022

  IDR 231,220,000       17,724  

7.000%, 05/15/2027

    63,300,000       4,890  

6.625%, 05/15/2033

    35,776,000       2,572  

6.625%, 02/17/2037

  $ 308       394  

6.125%, 05/15/2028

  IDR 26,020,000       1,867  

5.625%, 05/15/2023

    5,607,000       405  

4.875%, 05/05/2021

  $ 945       1,008  

4.350%, 01/08/2027 (A)

    240       254  

3.375%, 07/30/2025

  EUR 4,919       6,667  

Republic of Indonesia MTN

   

11.625%, 03/04/2019

  $ 1,049       1,161  

11.625%, 03/04/2019

    80       89  

11.625%, 03/04/2019 (A)

    975       1,079  

6.750%, 01/15/2044 (A)

    183       243  

5.875%, 01/15/2024

    6,050       6,880  

5.875%, 01/15/2024

    2,876       3,270  

5.250%, 01/17/2042

    2,132       2,386  

5.125%, 01/15/2045 (A)

    217       240  

4.750%, 01/08/2026

    1,044       1,134  

4.125%, 01/15/2025

    2,611       2,711  

4.125%, 01/15/2025

    1,331       1,382  

3.850%, 07/18/2027 (A)

    1,098       1,126  

3.750%, 06/14/2028

  EUR 2,675       3,702  

3.375%, 04/15/2023 (A)

  $ 1,939       1,956  
   

 

 

 
      137,247  
   

 

 

 

Iraq — 0.9%

   

Iraq International Bond

   

6.752%, 03/09/2023 (A)

    3,378       3,454  

5.800%, 01/15/2028

    12,032       11,606  
   

 

 

 
      15,060  
   

 

 

 

Ivory Coast — 1.1%

   

Ivory Coast Government International Bond

   

6.375%, 03/03/2028 (A)

    2,198       2,322  

6.125%, 06/15/2033

    825       839  

6.125%, 06/15/2033 (A)

    450       458  

5.750%, 12/31/2032 (A)

    294       293  

5.750%, 12/31/2032

    3,036       3,030  
Description   Face Amount
(Thousands)
    Market Value
($ Thousands)
 

GLOBAL BONDS (continued)

   

5.750%, 12/31/2032

  $ 3,413     $ 3,406  

5.750%, 12/31/2032

    3,305       3,299  

5.375%, 07/23/2024 (A)

    1,265       1,287  

5.125%, 06/15/2025 (A)

  EUR 930       1,216  

5.125%, 06/15/2025

    1,450       1,895  
   

 

 

 
      18,045  
   

 

 

 

Jamaica — 0.1%

   

Digicel Group

   

7.125%, 04/01/2022 (A)

  $ 236       218  

Government of Jamaica

   

6.750%, 04/28/2028

    565       640  
   

 

 

 
      858  
   

 

 

 

Jordan — 0.3%

   

Jordan Government International Bond

   

7.375%, 10/10/2047

    1,584       1,650  

7.375%, 10/10/2047 (A)

    1,601       1,668  

6.125%, 01/29/2026

    1,102       1,134  

5.750%, 01/31/2027

    1,100       1,091  
   

 

 

 
      5,543  
   

 

 

 

Kazakhstan — 1.3%

   

Development Bank of Kazakhstan

   

4.125%, 12/10/2022

    770       792  

KazAgro National Management Holding JSC MTN

   

4.625%, 05/24/2023 (A)

    349       354  

4.625%, 05/24/2023

    4,595       4,658  

Kazakhstan Temir Zholy Finance

   

6.950%, 07/10/2042 (A)

    250       293  

Kazakhstan Temir Zholy National JSC

   

4.850%, 11/17/2027 (A)

    953       993  

KazMunayGas National MTN

   

6.375%, 04/09/2021 (A)

    1,660       1,811  

6.375%, 04/09/2021

    1,960       2,138  

KazMunayGas National JSC

   

5.750%, 04/19/2047 (A)

    2,165       2,307  

KazTransGas JSC

   

4.375%, 09/26/2027 (A)

    1,216       1,221  

Republic of Kazakhstan MTN

   

6.500%, 07/21/2045

    4,350       5,581  
   

 

 

 
      20,148  
   

 

 

 

Kenya — 0.1%

   

Kenya Government International Bond

   

6.875%, 06/24/2024

    473       503  

6.875%, 06/24/2024 (A)

    543       578  

5.875%, 06/24/2019 (A)

    805       830  
   

 

 

 
      1,911  
   

 

 

 

Malaysia — 4.0%

   

1MDB Energy

   

5.990%, 05/11/2022

    1,000       1,081  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     5  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

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

GLOBAL BONDS (continued)

   

1MDB Global Investments

   

4.400%, 03/09/2023

  $ 9,600     $ 9,314  

Malaysia Government Bond

   

5.248%, 09/15/2028

  MYR 1,050       278  

4.935%, 09/30/2043

    2,200       547  

4.392%, 04/15/2026

    7,081       1,786  

4.378%, 11/29/2019

    5,218       1,319  

4.254%, 05/31/2035

    1,827       434  

4.240%, 02/07/2018

    12,260       3,034  

4.232%, 06/30/2031

    9,200       2,239  

4.181%, 07/15/2024

    4,186       1,048  

4.160%, 07/15/2021

    20       5  

3.955%, 09/15/2025

    7,520       1,846  

3.892%, 03/15/2027

    1,369       331  

3.800%, 08/17/2023

    23,695       5,858  

3.795%, 09/30/2022

    3,500       867  

3.759%, 03/15/2019

    32,541       8,106  

3.659%, 10/15/2020

    1,419       354  

3.654%, 10/31/2019

    7,740       1,931  

3.620%, 11/30/2021

    7,443       1,848  

3.580%, 09/28/2018

    10,330       2,567  

3.502%, 05/31/2027

    1,050       244  

3.492%, 03/31/2020

    26,554       6,604  

3.480%, 03/15/2023

    2,858       695  

3.418%, 08/15/2022

    4,289       1,047  

3.260%, 03/01/2018

    30,170       7,460  

Malaysia Government Investment Issue

   

4.070%, 09/30/2026

    11,606       2,834  
   

 

 

 
      63,677  
   

 

 

 

Mauritius — 0.1%

   

Liquid Telecommunications Financing

   

8.500%, 07/13/2022 (A)

  $ 1,286       1,355  
   

 

 

 

Mexico — 9.4%

   

Alfa

   

6.875%, 03/25/2044

    1,750       1,881  

America Movil

   

7.125%, 12/09/2024

  MXN 18,110       865  

6.000%, 06/09/2019

    12,420       613  

Axtel

   

6.375%, 11/14/2024 (A)(E)

  $ 480       495  

Banco Inbursa Institucion de Banca Multiple

   

4.375%, 04/11/2027 (A)

    573       574  

Banco Nacional de Comercio Exterior SNC

   

3.800%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.000%, 08/11/2026

    536       536  

3.800%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.000%, 08/11/2026 (A)

    1,852       1,852  

Comision Federal de Electricidad

   

7.350%, 11/25/2025

  MXN 39,785       1,857  
Description   Face Amount
(Thousands)
    Market Value
($ Thousands)
 

GLOBAL BONDS (continued)

   

5.750%, 02/14/2042 (A)

  $ 500     $ 528  

4.750%, 02/23/2027 (A)

    658       689  

Elementia

   

5.500%, 01/15/2025

    670       690  

Mexican Bonos

   

7.750%, 11/23/2034

  MXN 68,570       3,503  

7.750%, 11/13/2042

    79,410       4,034  

7.500%, 06/03/2027

    55,584       2,808  

6.500%, 06/09/2022

    115,609       5,656  

5.750%, 03/05/2026

    87,650       3,960  

5.000%, 12/11/2019

    127,973       6,226  

4.750%, 06/14/2018

    10,801       545  

Mexican Bonos, Ser M

   

6.500%, 06/10/2021

    132,097       6,521  

Mexican Bonos, Ser M10

   

8.500%, 12/13/2018

    107,689       5,543  

Mexican Bonos, Ser M20

   

10.000%, 12/05/2024

    589,855       33,982  

8.500%, 05/31/2029

    18,031       976  

8.000%, 12/07/2023

    11,575       601  

7.750%, 05/29/2031

    68,443       3,500  

Mexican Bonos, Ser M30

   

10.000%, 11/20/2036

    32,263       2,012  

8.500%, 11/18/2038

    66,465       3,642  

Mexico Cetes

   

7.221%, 06/21/2018 (B)

    577,300       2,849  

Mexico City Airport Trust

   

5.500%, 07/31/2047 (A)

  $ 2,551       2,519  

Mexico Government International Bond

   

4.600%, 02/10/2048

    520       514  

Petroleos Mexicanos

   

9.500%, 09/15/2027

    169       225  

7.470%, 11/12/2026

  MXN 133,879       6,020  

7.190%, 09/12/2024

    163,872       7,440  

6.625%, 06/15/2035

  $ 4,931       5,268  

6.625%, 06/15/2038

    2,088       2,172  

6.500%, 03/13/2027 (A)

    1,795       1,962  

6.375%, 01/23/2045

    807       811  

5.625%, 01/23/2046

    489       453  

4.875%, 01/24/2022

    1,341       1,398  

4.500%, 01/23/2026

    643       642  

4.250%, 01/15/2025

    450       447  

Petroleos Mexicanos MTN

   

6.750%, 09/21/2047

    3,523       3,678  

6.750%, 09/21/2047

    2,631       2,746  

6.750%, 09/21/2047 (A)

    103       108  

6.500%, 03/13/2027 (A)

    196       214  

6.375%, 01/23/2045 (A)

    806       810  

5.625%, 01/23/2046 (A)

    800       741  

4.875%, 02/21/2028

  EUR 3,822       5,093  

4.625%, 09/21/2023 (A)

  $ 1,185       1,219  

4.250%, 01/15/2025

    2,450       2,435  
 

 

6    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

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

GLOBAL BONDS (continued)

   

Trust F/1401

   

6.950%, 01/30/2044

  $ 1,920     $ 2,088  

United Mexican States MTN

   

5.750%, 10/12/2110

    3,818       4,066  
   

 

 

 
      150,007  
   

 

 

 

Mongolia — 0.6%

   

Mongolia Government International Bond

   

5.625%, 05/01/2023

    3,595       3,627  

Mongolia Government International Bond MTN

   

10.875%, 04/06/2021 (A)

    1,205       1,415  

8.750%, 03/09/2024

    3,150       3,627  

Trade & Development Bank of Mongolia MTN

   

9.375%, 05/19/2020

    350       383  

9.375%, 05/19/2020 (A)

    355       389  
   

 

 

 
      9,441  
   

 

 

 

Montenegro — 0.0%

   

Republic of Montenegro

   

5.750%, 03/10/2021 (A)

  EUR 551       729  
   

 

 

 

Morocco — 0.5%

   

Morocco Government International Bond

   

3.500%, 06/19/2024

    3,580       4,804  

OCP

   

6.875%, 04/25/2044

  $ 1,325       1,520  

5.625%, 04/25/2024 (A)

    1,900       2,035  
   

 

 

 
      8,359  
   

 

 

 

Netherlands — 0.1%

   

IHS Netherlands Holdco BV

   

9.500%, 10/27/2021 (A)

    406       437  

Marfrig Holdings Europe BV

   

8.000%, 06/08/2023 (A)

    470       490  

VTR Finance BV

   

6.875%, 01/15/2024

    400       422  
   

 

 

 
      1,349  
   

 

 

 

Nigeria — 1.4%

   

Nigeria Government International Bond

   

7.875%, 02/16/2032 (A)

    488       551  

7.875%, 02/16/2032

    5,382       6,078  

5.625%, 06/27/2022

    1,200       1,244  

Nigeria Government International Bond MTN

   

7.625%, 11/28/2047 (A)

    959       1,029  

6.500%, 11/28/2027

    2,150       2,240  

6.500%, 11/28/2027 (A)

    1,663       1,733  

Nigeria OMO Bill (B)

   

59.705%, 06/07/2018

  NGN   109,380       285  

52.681%, 08/23/2018

    523,379       1,317  

Nigeria Treasury Bill

   

7813.899%, 04/05/2018 (B)

    494,646       1,323  

6717.506%, 04/12/2018

    875,814       2,336  
Description   Face Amount
(Thousands)
    Market Value
($ Thousands)
 

GLOBAL BONDS (continued)

   

77.621%, 08/02/2018 (B)

  NGN 1,495,300     $ 3,794  
   

 

 

 
      21,930  
   

 

 

 

Oman — 0.4%

   

Oman Government International Bond

   

6.500%, 03/08/2047 (A)

  $ 2,100       2,103  

6.500%, 03/08/2047

    1,556       1,558  

5.375%, 03/08/2027 (A)

    422       426  

4.750%, 06/15/2026 (A)

    237       230  

3.625%, 06/15/2021

    1,326       1,326  
   

 

 

 
      5,643  
   

 

 

 

Pakistan — 0.1%

   

Pakistan Government International Bond

   

8.250%, 09/30/2025

    1,000       1,110  

6.875%, 12/05/2027

    269       270  
   

 

 

 
      1,380  
   

 

 

 

Panama — 0.1%

   

Republic of Panama

   

9.375%, 04/01/2029

    630       954  

8.125%, 04/28/2034

    478       662  
   

 

 

 
      1,616  
   

 

 

 

Paraguay — 0.1%

   

Republic of Paraguay

   

6.100%, 08/11/2044 (A)

    906       1,033  

4.625%, 01/25/2023

    300       314  

Telefonica Celular del Paraguay

   

6.750%, 12/13/2022

    200       205  

6.750%, 12/13/2022

    200       205  
   

 

 

 
      1,757  
   

 

 

 

Peru — 1.8%

   

Abengoa Transmision Sur

   

6.875%, 04/30/2043 (A)

    273       302  

Cerro del Aguila

   

4.125%, 08/16/2027 (A)

    723       714  

Fondo MIVIVIENDA

   

7.000%, 02/14/2024 (A)

  PEN 3,704       1,219  

Peru Enhanced Pass-Through Finance (B)

   

5.981%, 05/31/2018

  $ 13       13  

5.948%, 05/31/2018 (A)

    36       36  

Petroleos del Peru

   

5.625%, 06/19/2047 (A)

    366       384  

4.750%, 06/19/2032 (A)

    613       620  

Republic of Peru

   

8.200%, 08/12/2026

  PEN 16,008       6,085  

6.950%, 08/12/2031

    1,675       590  

6.950%, 08/12/2031

    4,795       1,688  

6.900%, 08/12/2037

    2,094       726  

6.900%, 08/12/2037

    4,723       1,638  

6.850%, 02/12/2042

    613       205  

6.350%, 08/12/2028

    1,570       530  

6.350%, 08/12/2028

    2,061       696  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     7  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

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

GLOBAL BONDS (continued)

   

6.350%, 08/12/2028 (A)

  PEN 1,465     $ 495  

6.150%, 08/12/2032 (A)

    12,024       3,946  

5.700%, 08/12/2024 (A)

    5,999       1,997  

5.700%, 08/12/2024

    285       95  

3.750%, 03/01/2030

  EUR 4,468       6,532  
   

 

 

 
      28,511  
   

 

 

 

Philippines — 0.1%

   

Republic of Philippines

   

3.900%, 11/26/2022

  PHP 45,000       893  
   

 

 

 

Poland — 3.4%

   

Republic of Poland

   

5.750%, 04/25/2029

  PLN 2,550       913  

4.000%, 10/25/2023

    1,875       575  

3.250%, 07/25/2025

    21,204       6,153  

2.750%, 08/25/2023

    5,611       2,098  

2.500%, 07/25/2026

    37,016       10,075  

2.500%, 07/25/2027

    37,782       10,173  

2.250%, 04/25/2022

    14,160       4,036  

2.000%, 04/25/2021

    4,980       1,422  

1.750%, 07/25/2021

    18,700       5,285  

0.071%, 10/25/2018 (B)

    10,800       3,069  

0.065%, 04/25/2019 (B)

    4,780       1,347  

Republic of Poland, Ser 0922

   

5.750%, 09/23/2022

    29,152       9,576  
   

 

 

 
      54,722  
   

 

 

 

Qatar — 0.7%

   

Ooredoo International Finance MTN

   

3.750%, 06/22/2026

  $ 750       744  

State of Qatar

   

9.750%, 06/15/2030

    2,637       4,095  

4.500%, 01/20/2022 (A)

    1,730       1,822  

3.250%, 06/02/2026 (A)

    5,122       4,989  
   

 

 

 
      11,650  
   

 

 

 

Romania — 0.1%

   

Government of Romania

   

4.750%, 02/24/2025

  RON 545       145  

Government of Romania MTN

   

3.875%, 10/29/2035

  EUR 1,430       1,884  
   

 

 

 
      2,029  
   

 

 

 

Russia — 6.1%

   

Credit Bank of Moscow Via CBOM Finance

   

5.875%, 11/07/2021 (A)

  $ 1,116       1,159  

Gazprom OAO Via Gaz Capital

   

4.250%, 04/06/2024

  GBP 1,660       2,322  

GTLK Europe DAC

   

5.950%, 07/19/2021

  $ 270       285  

Petropavlovsk 2016

   

8.125%, 11/14/2022 (A)

    730       715  
Description   Face Amount
(Thousands)
    Market Value
($ Thousands)
 

GLOBAL BONDS (continued)

   

Ritekro (F)

   

16.617%, 11/07/2022 (B)

  $ 914     $ 543  

Rusal Capital DAC

   

5.125%, 02/02/2022

    860       878  

Russian Federal Bond - OFZ

   

8.150%, 02/03/2027

  RUB 665,794       12,178  

7.750%, 09/16/2026

    847,871       15,068  

7.700%, 03/23/2033

    104,976       1,833  

7.600%, 04/14/2021

    487,263       8,836  

7.600%, 07/20/2022

    281,338       5,029  

7.050%, 01/19/2028

    632,052       10,673  

7.000%, 01/25/2023

    192,545       3,346  

7.000%, 08/16/2023

    300,364       5,217  

6.800%, 12/11/2019

    273,614       4,758  

6.700%, 05/15/2019

    512,614       8,906  

6.400%, 05/27/2020

    94,750       1,629  

0.000%, 11/24/2021 (C)

    22,770       391  

Russian Foreign Bond - Eurobond

   

5.625%, 04/04/2042

  $ 2,200       2,464  

5.250%, 06/23/2047

    3,200       3,348  

Russian Railways Via RZD Capital

   

7.487%, 03/25/2031

  GBP 1,300       2,238  

Sberbank of Russia Via SB Capital

   

5.500%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.023%, 02/26/2024 (A)

  $ 2,292       2,327  

SCF Capital Designated Activity

   

5.375%, 06/16/2023 (A)

    729       755  

Vnesheconombank Via VEB Finance

   

6.902%, 07/09/2020

    1,310       1,414  

6.800%, 11/22/2025 (A)

    150       171  

6.800%, 11/22/2025

    580       661  
   

 

 

 
      97,144  
   

 

 

 

Senegal — 0.1%

   

Senegal Government International Bond

   

6.250%, 05/23/2033 (A)

    2,136       2,254  
   

 

 

 

Serbia — 0.5%

   

Republic of Serbia

   

7.250%, 09/28/2021 (A)

    200       229  

7.250%, 09/28/2021

    6,592       7,536  

4.875%, 02/25/2020

    200       208  
   

 

 

 
      7,973  
   

 

 

 

South Africa — 6.9%

   

Eskom Holdings

   

7.125%, 02/11/2025 (A)

    951       971  

7.125%, 02/11/2025

    1,750       1,788  

Republic of South Africa

   

10.500%, 12/21/2026

  ZAR 329,249       29,704  

9.000%, 01/31/2040

    90,265       6,785  

8.875%, 02/28/2035

    57,020       4,329  
 

 

8    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

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

GLOBAL BONDS (continued)

   

8.750%, 01/31/2044

  ZAR 47,197     $ 3,432  

8.750%, 02/28/2048

    141,837       10,388  

8.500%, 01/31/2037

    102,252       7,429  

8.250%, 03/31/2032

    42,171       3,118  

8.000%, 01/31/2030

    87,465       6,466  

7.250%, 01/15/2020

    5,600       452  

7.000%, 02/28/2031

    114,021       7,669  

6.750%, 03/31/2021

    38,863       3,066  

6.500%, 02/28/2041

    39,901       2,275  

6.250%, 03/31/2036

    169,696       9,863  

5.875%, 09/16/2025

  $ 1,413       1,538  

5.650%, 09/27/2047

    2,126       2,170  

4.875%, 04/14/2026

    3,609       3,689  

Republic of South Africa Government International Bond

   

4.850%, 09/27/2027

    3,338       3,373  

Stillwater Mining

   

7.125%, 06/27/2025 (A)

    636       654  

Transnet SOC MTN

   

9.500%, 05/13/2021 (A)

  ZAR 13,360       1,052  
   

 

 

 
      110,211  
   

 

 

 

South Korea — 0.1%

   

Korea Housing Finance

   

3.000%, 10/31/2022 (A)

  $ 908       901  

Kyobo Life Insurance

   

3.950%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.091%, 07/24/2047 (A)

    548       557  
   

 

 

 
      1,458  
   

 

 

 

Sri Lanka — 0.8%

   

Republic of Sri Lanka

   

11.750%, 06/15/2027

  LKR 230,000       1,638  

11.500%, 12/15/2021

    230,000       1,585  

6.850%, 11/03/2025

  $ 3,599       3,971  

6.825%, 07/18/2026

    500       550  

6.825%, 07/18/2026 (A)

    909       1,000  

6.250%, 07/27/2021

    853       907  

6.200%, 05/11/2027

    745       787  

5.875%, 07/25/2022 (A)

    1,869       1,970  
   

 

 

 
      12,408  
   

 

 

 

Supra-National — 0.6%

   

Banque Ouest Africaine de Developpement

   

5.000%, 07/27/2027 (A)

    865       897  

European Investment Bank MTN

   

8.500%, 09/17/2024

  ZAR 9,200       757  

7.200%, 07/09/2019

  IDR 31,560,000       2,366  

Inter-American Development Bank MTN

   

7.875%, 03/14/2023

    50,880,000       4,019  

7.350%, 09/12/2018

    20,140,000       1,502  
   

 

 

 
      9,541  
   

 

 

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

GLOBAL BONDS (continued)

   

Thailand — 1.0%

   

Bank of Thailand Bill (B)

   

1.233%, 03/02/2018

  THB 39,350     $ 1,204  

1.188%, 01/04/2018

    30,000       920  

Thailand Government Bond

   

5.670%, 03/13/2028

    3,000       118  

5.125%, 03/13/2018

    61,000       1,886  

4.875%, 06/22/2029

    22,000       828  

3.875%, 06/13/2019

    68,000       2,159  

3.650%, 06/20/2031

    67,500       2,281  

3.625%, 06/16/2023

    55,000       1,834  

3.400%, 06/17/2036

    58,500       1,919  

2.550%, 06/26/2020

    40,000       1,258  

1.875%, 06/17/2022

    57,000       1,756  
   

 

 

 
      16,163  
   

 

 

 

Tunisia — 0.1%

   

Banque Centrale de Tunisie

   

5.625%, 02/17/2024

  EUR 700       884  
   

 

 

 

Turkey — 5.5%

   

Export Credit Bank of Turkey

   

5.875%, 04/24/2019 (A)

  $ 200       205  

5.375%, 10/24/2023 (A)

    1,033       1,044  

5.000%, 09/23/2021 (A)

    538       545  

Export Credit Bank of Turkey MTN

   

5.375%, 02/08/2021 (A)

    896       916  

Hazine Mustesarligi Varlik Kiralama

   

5.004%, 04/06/2023

    1,221       1,243  

Republic of Turkey

   

11.875%, 01/15/2030

    1,600       2,515  

10.700%, 02/17/2021

  TRY 9,044       2,274  

10.600%, 02/11/2026

    13,409       3,286  

10.500%, 01/15/2020

    2,360       596  

10.400%, 03/20/2024

    2,250       552  

9.500%, 01/12/2022

    8,610       2,078  

9.400%, 07/08/2020

    22,531       5,532  

9.200%, 09/22/2021

    28,554       6,851  

9.000%, 07/24/2024

    9,803       2,271  

8.800%, 11/14/2018

    570       145  

8.500%, 07/10/2019

    2,790       692  

8.500%, 09/14/2022

    4,370       1,016  

8.300%, 06/20/2018

    2,011       518  

7.400%, 02/05/2020

    10,971       2,607  

7.375%, 02/05/2025

  $ 5,525       6,362  

7.100%, 03/08/2023

  TRY 6,560       1,424  

7.000%, 03/11/2019

  $ 784       819  

7.000%, 06/05/2020

    2,190       2,363  

6.875%, 03/17/2036

    1,020       1,137  

6.750%, 04/03/2018

    1,374       1,388  

6.750%, 05/30/2040

    1,480       1,628  

6.625%, 02/17/2045

    1,643       1,772  

6.000%, 03/25/2027

    5,687       6,055  
 

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     9  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

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

GLOBAL BONDS (continued)

   

5.750%, 03/22/2024

  $ 333     $ 352  

5.750%, 05/11/2047

    4,494       4,382  

5.125%, 03/25/2022 (D)

    573       594  

4.875%, 10/09/2026

    310       306  

4.250%, 04/14/2026

    1,521       1,450  

3.000%, 08/02/2023

  TRY 5,302       2,054  

Republic of Turkey MTN

   

3.250%, 06/14/2025

  EUR 2,536       3,085  

TC Ziraat Bankasi

   

4.250%, 07/03/2019 (A)

  $ 940       939  

TC Ziraat Bankasi MTN

   

5.125%, 05/03/2022 (A)

    1,063       1,054  

5.125%, 09/29/2023 (A)

    655       638  

4.750%, 04/29/2021 (A)

    561       555  

Turk Telekomunikasyon

   

4.875%, 06/19/2024

    1,750       1,778  

Turkey Government Bond

   

11.100%, 05/15/2019

  TRY 4,370       1,122  

11.000%, 03/02/2022

    15,840       4,023  

11.000%, 02/24/2027

    13,119       3,310  

Turkiye Garanti Bankasi

   

6.125%, VAR USD Swap Semi 30/360 5 Year Curr+4.220%, 05/24/2027 (A)

  $ 1,808       1,805  

Turkiye Is Bankasi

   

7.000%, VAR USD Swap Semi 30/360 5 Year Curr+5.117%, 06/29/2028 (A)

    270       270  

Turkiye Is Bankasi MTN

   

6.125%, 04/25/2024

    2,080       2,097  

Yapi ve Kredi Bankasi MTN

   

5.850%, 06/21/2024 (A)

    429       429  
   

 

 

 
      88,077  
   

 

 

 

Ukraine — 3.0%

   

Government of Ukraine

   

7.750%, 09/01/2020 (A)

    4,220       4,469  

7.750%, 09/01/2021 (A)

    4,220       4,492  

7.750%, 09/01/2022 (A)

    4,854       5,161  

7.750%, 09/01/2023 (A)

    768       815  

7.750%, 09/01/2024

    2,633       2,771  

7.750%, 09/01/2024 (A)

    730       768  

7.750%, 09/01/2025 (A)

    4,527       4,722  

7.750%, 09/01/2025

    1,567       1,634  

7.750%, 09/01/2026 (A)

    1,601       1,653  

7.750%, 09/01/2026

    5,151       5,319  

7.750%, 09/01/2027 (A)

    3,843       3,967  

7.750%, 09/01/2027

    1,910       1,971  

7.375%, 09/25/2032 (A)

    5,166       5,077  

3.294%, 05/31/2040 (B)

    106       58  

2.979%, 05/31/2040 (A)(G)

    6,746       3,712  

Ukreximbank Via Biz Finance

   

9.625%, 04/27/2022 (A)

    1,711       1,827  
   

 

 

 
      48,416  
   

 

 

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

GLOBAL BONDS (continued)

   

United Arab Emirates — 0.2%

   

Abu Dhabi Crude Oil Pipeline

   

4.600%, 11/02/2047 (A)

  $ 1,248     $ 1,284  

3.650%, 11/02/2029 (A)

    1,247       1,238  

MAF Global Securities

   

5.500%, VAR USD Swap Semi 30/360 5 Year Curr+3.476%, 12/29/2049

    870       887  
   

 

 

 
      3,409  
   

 

 

 

United Kingdom — 0.1%

   

Tullow Oil

   

6.250%, 04/15/2022

    543       545  

Vedanta Resources

   

6.125%, 08/09/2024 (A)

    488       498  
   

 

 

 
      1,043  
   

 

 

 

Uruguay — 0.9%

   

Republic of Uruguay

   

9.875%, 06/20/2022 (A)

  UYU 31,830       1,168  

8.500%, 03/15/2028 (A)

    174,514       6,060  

5.100%, 06/18/2050

  $ 3,117       3,459  

4.375%, 10/27/2027

    2,738       2,932  

4.125%, 11/20/2045 (D)

    346       347  

Uruguay Government International Bond

   

9.875%, 06/20/2022

  UYU 8,520       313  

Uruguay Monetary Regulation Bill

   

2.600%, 02/14/2018 (B)

    15,398       530  
   

 

 

 
      14,809  
   

 

 

 

Venezuela — 0.5%

   

Petroleos de Venezuela

   

6.000%, 05/16/2024 (H)

  $ 7,785       1,754  

6.000%, 05/16/2024 (H)

    10,332       2,328  

6.000%, 11/15/2026 (H)

    4,446       974  

5.500%, 04/12/2037 (H)

    740       176  

5.375%, 04/12/2027 (H)

    4,364       1,014  

Republic of Venezuela

   

8.250%, 10/13/2024 (H)

    1,404       281  

7.750%, 10/13/2019 (H)

    6,270       1,411  
   

 

 

 
      7,938  
   

 

 

 

Zambia — 0.6%

   

Republic of Zambia

   

8.970%, 07/30/2027

    3,961       4,452  

8.500%, 04/14/2024 (A)

    3,819       4,217  

5.375%, 09/20/2022 (A)

    105       103  

5.375%, 09/20/2022

    642       626  
   

 

 

 
      9,398  
   

 

 

 

Total Global Bonds
(Cost $1,480,799) ($ Thousands)

      1,507,711  
   

 

 

 
 

 

10    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

Description   Shares     Market Value
($ Thousands)
 

AFFILIATED PARTNERSHIP — 0.6%

 

SEI Liquidity Fund, L.P.

   

1.350% **†(I)

    9,443,860     $ 9,446  
   

 

 

 
Description          Market Value
($ Thousands)
 

AFFILIATED PARTNERSHIP (continued)

 

Total Affiliated Partnership
(Cost $9,443) ($ Thousands)

    $ 9,446  
   

 

 

 

Total Investments in Securities— 94.6%
(Cost $1,490,242) ($ Thousands)

    $ 1,517,157  
   

 

 

 
 

 

A list of the open futures contracts held by the Fund at December 31, 2017, is as follows:

 

Type of

Contract

   Number of
Contracts
Long/(Short)
    Expiration
Date
     Notional Amount
(Thousands)
    Value
(Thousands)
    Unrealized
Appreciation
(Depreciation)
(Thousands)
 

Euro-Bob

     (122     Mar-2018      $ (19,086   $ (19,281   $ 7  

Euro-Bund

     (18     Mar-2018        (3,481     (3,495     27  

Euro-Bund

     (221     Mar-2018        (42,579     (42,906     351  

Euro-Buxl 30 Year Bond

     (39     Mar-2018        (7,699     (7,674     138  

JSE Bond Future R207

     149       Feb-2018        1,086       1,208       6  

Long Gilt 10-Year Bond

     (21     Mar-2018        (3,489     (3,555     (21

U.S. 10-Year Treasury Note

     127       Mar-2018        15,840       15,754       (86

U.S. 2-Year Treasury Note

     (100     Mar-2018        (21,451     (21,411     40  

U.S. 5-Year Treasury Note

     (267     Mar-2018        (31,149     (31,016     133  

U.S. 5-Year Treasury Note

     (62     Mar-2018        (7,235     (7,202     33  

U.S. Ultra Long Treasury Bond

     8       Mar-2018        1,334       1,341       7  
       

 

 

 
        $ (117,909   $ (118,236   $ 635  
       

 

 

 

A list of the open forward foreign currency contracts held by the Fund at December 31, 2017, is as follows:

 

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

Brown Brothers Harriman

   01/09/18      USD        1,492        RUB        88,468        43     

Citigroup

   01/09/18 - 01/24/18      RUB        134,208        USD        2,282        (46)    

Citigroup

   01/10/18 - 01/24/18      USD        7,036        BRL        22,592        (232)    

Citigroup

   01/11/18      TRY        10,000        USD        2,567        (64)    

Citigroup

   01/11/18 - 01/17/18      USD        17,897        TRY        69,562        386     

Citigroup

   06/20/18 - 09/19/18      USD        15,929        TRY        60,813        (929)    

Citigroup

   01/12/18 - 03/21/18      USD        21,923        CLP        13,737,828        428     

Citigroup

   01/12/18 - 03/21/18      HUF        692,318        EUR        2,212        (24)    

Citigroup

   01/17/18      CNY        9,860        USD        1,478        (35)    

Citigroup

   01/17/18 - 06/20/18      USD        17,219        EGP        329,975        980     

Citigroup

   01/18/18      USD        3,066        INR        199,045        50     

Citigroup

   01/19/18      MYR        1,682        USD        398        (18)    

Citigroup

   01/19/18      USD        395        THB        13,071        6     

Citigroup

   02/16/18 - 03/21/18      USD        41,837        THB        1,359,592        (32)    

Citigroup

   01/19/18 - 03/22/18      ZAR        169,059        USD        12,779        (783)    

Citigroup

   01/19/18      COP        19,364,314        USD        6,467        (14)    

Citigroup

   01/24/18 - 03/21/18      USD        22,692        RUB        1,356,599        633     

Citigroup

   01/25/18      IDR        91,227,339        USD        6,716        (15)    

Citigroup

   01/29/18      MXN        323,578        USD        17,248        796    

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     11  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

Counterparty    Settlement Date            Currency to Deliver
(Thousands)
             Currency to Receive
(Thousands)
    

Unrealized Appreciation
(Depreciation)

($ Thousands)

 

Citigroup

   01/31/18 - 02/15/18      USD        7,930        CZK        170,909        134     

Citigroup

   01/31/18 - 03/21/18      CLP        5,476,962        USD        8,500        (412)    

Citigroup

   02/06/18      EUR        4,185        CZK        106,784        2     

Citigroup

   02/08/18 - 03/21/18      USD        28,479        PLN        101,012        607     

Citigroup

   02/14/18      USD        224        MXN        4,294        (6)    

Citigroup

   03/21/18      PLN        1,120        USD        317        (5)    

Citigroup

   03/21/18      USD        1,157        RON        4,530        7     

Citigroup

   03/21/18      PEN        1,560        USD        480        —     

Citigroup

   03/21/18      USD        1,996        ARS        36,638        (122)    

Citigroup

   03/21/18      SGD        15,161        USD        11,255        (108)    

Citigroup

   03/21/18      CZK        183,740        USD        8,613        (76)    

Citigroup

   03/21/18      INR        718,780        USD        11,033        (159)    

Citigroup

   03/22/18      USD        15,221        ZAR        200,233        773     

Citigroup

   09/27/18      CZK        75,516        EUR        2,942        (15)    

Goldman Sachs

   01/03/18 - 02/05/18      EUR        1,856        USD        2,224        (7)    

Goldman Sachs

   01/10/18 - 02/09/18      USD        850        BRL        2,801        (8)    

Goldman Sachs

   01/11/18 - 01/29/18      USD        5,677        TRY        22,496        228     

Goldman Sachs

   09/19/18      USD        11,365        TRY        42,911        (898)    

Goldman Sachs

   01/11/18 - 01/29/18      TRY        112,914        USD        28,952        (709)    

Goldman Sachs

   01/12/18      EUR        6,785        HUF        2,116,201        46     

Goldman Sachs

   01/12/18 - 03/21/18      HUF        1,801,147        EUR        5,764        (51)    

Goldman Sachs

   01/17/18      USD        11,044        KRW        12,512,160        655     

Goldman Sachs

   01/17/18      USD        21,782        CNY        144,325        370     

Goldman Sachs

   01/17/18 - 03/21/18      CNY        45,994        USD        6,932        (126)    

Goldman Sachs

   01/17/18      KRW        1,758,052        USD        1,620        (24)    

Goldman Sachs

   01/19/18      USD        490        MYR        2,000        4     

Goldman Sachs

   01/25/18 - 02/07/18      EUR        6,252        PLN        26,553        123     

Goldman Sachs

   01/29/18 - 03/22/18      USD        8,755        ZAR        123,265        1,139     

Goldman Sachs

   01/29/18 - 03/22/18      ZAR        419,883        USD        31,645        (1,913)    

Goldman Sachs

   01/31/18 - 03/21/18      USD        8,231        CLP        5,262,028        331     

Goldman Sachs

   02/06/18 - 12/20/18      EUR        30,978        CZK        808,675        854     

Goldman Sachs

   02/06/18 - 03/21/18      IDR        36,687,393        USD        2,685        (16)    

Goldman Sachs

   02/07/18 - 03/21/18      USD        3,024        MXN        57,876        (96)    

Goldman Sachs

   02/14/18 - 03/21/18      MXN        637,954        USD        33,245        1,075     

Goldman Sachs

   02/16/18 - 03/16/18      USD        3,543        RUB        209,902        73     

Goldman Sachs

   02/20/18      EUR        4,015        RON        18,556        (64)    

Goldman Sachs

   03/02/18 - 03/06/18      BRL        43,560        USD        13,062        9     

Goldman Sachs

   03/16/18      RUB        116,000        USD        1,915        (80)    

Goldman Sachs

   03/21/18      USD        677        COP        2,033,824        1     

Goldman Sachs

   03/21/18      USD        988        IDR        13,563,955        10     

Goldman Sachs

   03/21/18      USD        2,113        RON        8,270        12     

Goldman Sachs

   03/21/18      GBP        3,250        USD        4,405        (1)    

Goldman Sachs

   03/21/18      USD        7,205        EUR        6,038        78     

Goldman Sachs

   03/21/18      PEI        14,204        USD        4,377        6     

Goldman Sachs

   03/21/18      PHP        566,098        USD        11,147        (185)    

Goldman Sachs

   03/21/18      HUF        2,992,388        USD        11,272        (365)    

Goldman Sachs

   06/20/18      USD        2,416        CZK        54,000        149     

 

12    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

Counterparty    Settlement Date            Currency to Deliver
(Thousands)
             Currency to Receive
(Thousands)
    

Unrealized Appreciation
(Depreciation)

($ Thousands)

 

Goldman Sachs

   12/20/18      CZK        152,011        EUR        5,834        (148)    

JPMorgan Chase Bank

   01/03/18 - 02/05/18      USD        17,446        EUR        14,715        256     

JPMorgan Chase Bank

   01/03/18 - 03/02/18      USD        27,512        BRL        90,659        (323)    

JPMorgan Chase Bank

   01/03/18 - 03/02/18      BRL        34,526        USD        10,434        56     

JPMorgan Chase Bank

   01/03/18 - 03/05/18      EUR        65,464        USD        77,874        (862)    

JPMorgan Chase Bank

   01/10/18      USD        2,537        RON        9,942        21     

JPMorgan Chase Bank

   01/10/18 - 03/06/18      USD        7,942        BRL        25,410        (297)    

JPMorgan Chase Bank

   01/10/18      USD        11,477        TRY        45,988        627     

JPMorgan Chase Bank

   01/10/18      TRY        19,193        USD        4,917        (135)    

JPMorgan Chase Bank

   01/11/18      TRY        11,987        USD        3,036        (117)    

JPMorgan Chase Bank

   01/12/18      EUR        185        HUF        57,543        1     

JPMorgan Chase Bank

   01/12/18 - 03/21/18      USD        2,928        ARS        51,902        (197)    

JPMorgan Chase Bank

   01/12/18      USD        4,937        CLP        3,100,400        106     

JPMorgan Chase Bank

   01/12/18      HUF        190,300        EUR        607        (8)    

JPMorgan Chase Bank

   01/17/18 - 01/18/18      USD        8,578        COP        26,012,314        129     

JPMorgan Chase Bank

   01/29/18      USD        1,520        MXN        30,054        8     

JPMorgan Chase Bank

   01/17/18 - 03/21/18      USD        13,630        MXN        266,636        (154)    

JPMorgan Chase Bank

   01/18/18      USD        1,494        INR        97,835        38     

JPMorgan Chase Bank

   01/18/18      EUR        4,239        RON        19,620        (49)    

JPMorgan Chase Bank

   01/19/18      THB        8,717        USD        262        (5)    

JPMorgan Chase Bank

   01/19/18 - 03/06/18      USD        8,850        THB        290,993        90     

JPMorgan Chase Bank

   02/14/18      USD        399        THB        12,949        (1)    

JPMorgan Chase Bank

   01/19/18 - 01/29/18      ZAR        112,180        USD        8,739        (288)    

JPMorgan Chase Bank

   01/19/18      COP        7,602,358        USD        2,539        (5)    

JPMorgan Chase Bank

   01/22/18      USD        3,012        IDR        41,040,261        16     

JPMorgan Chase Bank

   01/24/18      RUB        169,422        USD        2,879        (55)    

JPMorgan Chase Bank

   01/25/18      IDR        68,979,592        USD        5,079        (11)    

JPMorgan Chase Bank

   01/29/18      USD        1,495        TRY        5,870        41     

JPMorgan Chase Bank

   01/29/18      USD        3,062        ARS        55,000        (176)    

JPMorgan Chase Bank

   01/29/18      USD        4,583        CZK        97,068        (7)    

JPMorgan Chase Bank

   01/29/18      USD        5,162        ZAR        75,410        904     

JPMorgan Chase Bank

   01/31/18      CLP        386,945        USD        607        (23)    

JPMorgan Chase Bank

   02/06/18      IDR        15,473,450        USD        1,133        (8)    

JPMorgan Chase Bank

   02/12/18      PHP        156,400        USD        3,079        (55)    

JPMorgan Chase Bank

   02/13/18      PEI        4,279        USD        1,316        (2)    

JPMorgan Chase Bank

   02/13/18      USD        5,115        PEI        16,747        44     

JPMorgan Chase Bank

   02/15/18 - 12/19/18      USD        11,113        CZK        244,200        464     

JPMorgan Chase Bank

   02/16/18 - 03/16/18      RUB        832,724        USD        13,610        (742)    

JPMorgan Chase Bank

   02/20/18      RON        1,713        EUR        370        5     

JPMorgan Chase Bank

   03/16/18 - 05/29/18      USD        5,154        RUB        311,221        162     

JPMorgan Chase Bank

   03/21/18      RON        31,507        USD        8,001        (94)    

JPMorgan Chase Bank

   09/27/18      CZK        26,087        EUR        978        (52)    

JPMorgan Chase Bank

   12/19/18      EUR        7,585        CZK        200,890        349     

Standard Bank

   01/03/18      USD        22,949        EUR        19,424        376     

Standard Bank

   01/03/18 - 03/21/18      EUR        29,584        USD        34,916        (619)    

Standard Bank

   01/10/18      USD        993        BRL        3,142        (47)    

Standard Bank

   01/11/18      USD        1,536        TRY        6,058        58     

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     13  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

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

Standard Bank

   09/19/18      USD        2,888        TRY        10,912        (227)    

Standard Bank

   01/17/18      KRW        –          USD        –          —    

Standard Bank

   01/25/18      EUR        5,658        PLN        24,178        157     

Standard Bank

   01/29/18 - 03/22/18      USD        9,090        ZAR        125,095        906     

Standard Bank

   01/29/18 - 03/22/18      ZAR        99,981        USD        6,990        (1,041)    

Standard Bank

   01/31/18      USD        6,400        CLP        4,054,058        199     

Standard Bank

   02/06/18      USD        2,271        IDR        30,944,300        12     

Standard Bank

   02/06/18      IDR        28,054,950        USD        2,056        (14)    

Standard Bank

   02/07/18 - 03/21/18      USD        6,536        THB        215,753        95     

Standard Bank

   02/14/18      USD        7,973        MXN        150,468        (343)    

Standard Bank

   03/08/18 - 03/21/18      USD        6,826        MYR        27,980        80     

Standard Bank

   03/12/18      USD        6,072        KRW        6,612,184        120     

Standard Bank

   03/21/18      MYR        1,760        USD        430        (5)    

Standard Chartered

   01/17/18      KRW        10,754,108        USD        9,913        (142)    
                 

 

 

 
                  $                 1,438     
                 

 

 

 

A list of open OTC swap agreements held by the Fund at December 31, 2017, are as follows:

 

Interest Rate Swaps  
Counterparty   Fund Pays   Fund Receives   Payment
Frequency
 

Termination

Date

    Currency   Notional
Amount
(Thousands)
   

Value

(Thousands)

    Upfront Payments
(Thousands)
   

Net
Unrealized
Appreciation

(Depreciation)

(Thousands)

 

Goldman Sachs

  1-YEAR BRL-CDI   11.805%   Annual     01/02/2018     BRL     9,833     $ –       $ –       $ –    

Goldman Sachs

  1-YEAR BRL-CDI   11.975%   Annual     01/02/2018     BRL     3,338       –         –         –    

Goldman Sachs

  1-DAY BRL - CETIP   12.855%   Annual     01/02/2018     BRL     35,816       –         –         –    

Goldman Sachs

  1.3275%   6-MONTH THB BKIBOR   Semi-Annual     09/15/2019     THB     710,000       91       –         116  

JPMorgan Chase

  0.845%   6-MONTH HUF - BUBOR   Semi-Annual     10/10/2019     HUF     3,000,000       (135     –         (156

Goldman Sachs

  2.15% KRW   3-MONTH KRW KWCDC   Quarterly     11/09/2019     KRW     35,250,000       4       –         (63

Standard Chartered

  2.14% KRW   3-MONTH KRW KWCDC   Quarterly     11/09/2019     KRW     35,250,000       1       –         (66

JPMorgan Chase

  7.76% ZAR   3-MONTH ZAR JIBAR   Quarterly     11/13/2019     ZAR     564,718       350       –         350  

Goldman Sachs

  1-DAY BRL BROIS (CETIP)   9.73%   Annual     01/02/2020     BRL     4,194       40       –         40  

JPMorgan Chase

  1-DAY BRL - CETIP   11.46%   Annual     01/02/2020     BRL     3,649       76       –         76  

JPMorgan Chase

  1-DAY BRL BROIS   9.605%   Annual     01/02/2020     BRL     3,480       85       –         85  

JPMorgan Chase

  1-DAY BRL BROIS (CETIP)   9.065%   Annual     01/02/2020     BRL     5,738       138       –         138  

JPMorgan Chase

  0.5375%   6-MONTH CZK - PRIBOR   Semi-Annual     02/16/2020     CZK     250,000       201       –         168  

Goldman Sachs

  0.585%   6-MONTH CZK - PRIBOR   Semi-Annual     03/13/2020     CZK     25,000       20       –         16  

JPMorgan Chase

  0.6925%   6-MONTH HUF - BUBOR   Semi-Annual     04/20/2020     HUF     1,750,000       (67     –         (97

Goldman Sachs

  1-DAY BRL-CDI   12.725%   Annual     01/04/2021     BRL     10,608       450       –         450  

Goldman Sachs

  9.09% BRL   1-YEAR BRL CETIP   Annual     01/04/2021     BRL     3,401       1       –         1  

JPMorgan Chase

  8.655%   F BRIL BROIS (CETIP)   Annual     01/04/2021     BRL     3,303       (11     –         (11

JPMorgan Chase

  D BRL BROIS (CETIP)   9.61%   Annual     01/04/2021     BRL     4,626       21       –         21  

JPMorgan Chase

  1-DAY BRL BROIS (CETIP)   10.23%   Annual     01/04/2021     BRL     170       2       –         2  

JPMorgan Chase

  1-DAY BRL BROIS (CETIP)   10.04%   Annual     01/04/2021     BRL     3,557       30       –         30  

JPMorgan Chase

  1-DAY BRL BROIS (CETIP)   9.275%   Annual     01/04/2021     BRL     5,815       10       –         10  

JPMorgan Chase

  1-DAY BRIL BROIS (CETIP)   8.87%   Annual     01/04/2021     BRL     8,089       (13     –         (13

JPMorgan Chase

  9.18% BRL   1-DAY BRL CETIP   Annual     01/04/2021     BRL     3,419       3       –         3  

JPMorgan Chase

  9.11% BRL   1-YEAR BRL CETIP   Annual     01/04/2021     BRL     3,575       1       –         1  

Goldman Sachs

  28-DAY MXN - TIIE   5.37%   Monthly     03/17/2021     MXN     46,500       (172     –         (176

JPMorgan Chase

  1.3775%   6-MONTH HUF -BUBOR   Semi-Annual     06/17/2021     HUF     654,998       (82     –         (101

JPMorgan Chase

  6-MONTH PZL - WIBOR   2.42%   Semi-Annual     12/12/2021     PLN     3,300       2       –         3  

Citibank

  6-MONTH PZL - WIBOR   2.431%   Semi-Annual     12/14/2021     PLN     11,000       9       –         10  

Goldman Sachs

  6-MONTH HUF - BUBOR   1.265%   Semi-Annual     01/10/2022     HUF     1,537,322       (169     –         (237

Goldman Sachs

  0.8725%   6-MONTH CZK - PRIBOR   Semi-Annual     03/09/2022     CZK     25,000       34       –         28  

 

14    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

Counterparty
(continued)
  Fund Pays (continued)   Fund Receives (continued)   Payment
Frequency
(continued)
  Termination
Date
(continued)
    Currency
(continued)
    Notional Amount
(Thousands)
(continued)
    Value
(Thousands)
(continued)
    Upfront Payments
(Thousands)
(continued)
   

Net Unrealized
Appreciation

(Depreciation)
(Thousands)
(continued)

 

JPMorgan Chase

  1-DAY CLP CLOIS   3.43%   Semi-Annual     05/10/2022       CLP       420,527     $ 2     $ –       $ 2  

JPMorgan Chase

  0.955%   6-MONTH CZK - PRIBOR   Semi-Annual     05/17/2022       CZK       28,773       38       –         30  

JPMorgan Chase

  1-DAY CLP CLOIS   3.41%   Semi-Annual     07/11/2022       CLP       900,000       2       –         2  

Goldman Sachs

  1-DAY COP COOIS (IBRCOL)   5.4425%   Quarterly     09/07/2022       COP       2,205,023       8       –         8  

Citibank

  1.165%   6-MONTH CZK - PRIBOR   Semi-Annual     09/08/2022       CZK       43,406       42       –         38  

Goldman Sachs

  28-DAY MXN - TIIE   5.900%   Monthly     09/12/2022       MXN       75,956       (303     –         (307

JPMorgan Chase

  1-DAY COP COOIS (IBRCOL)   5.30%   Quarterly     09/19/2022       COP       9,500,000       14       –         15  

Goldman Sachs

  6-MONTH HUF - BUBOR   0.8385%   Semi-Annual     09/21/2022       HUF       1,390,000       34       –         45  

JPMorgan Chase

  1-DAY COP COOIS (IBRCOL)   5.38%   Quarterly     09/25/2022       COP       5,391,885       14       –         14  

Goldman Sachs

  1-DAY COP COOIS (IBRCOL)   5.36%   Quarterly     09/26/2022       COP       5,391,885       13       –         13  

Standard Chartered

  3-MONTH MYR KLIBOR   3.8775%   Quarterly     10/24/2022       MYR       30,000       (20     –         (26

Goldman Sachs

  3.45%   1-DAY CLP CLOIS   Semi-Annual     10/25/2022       CLP       1,562,364       21       –         21  

Standard Chartered

  7-DAY CNY CNRR007   3.985%   Quarterly     11/08/2022       CNY       23,000       (5     –         (9

Goldman Sachs

  3-MONTH KRW KWCDC   2.16% KRW   Quarterly     11/09/2022       KRW       7,250,000       (14     –         (21

Standard Chartered

  3-MONTH KRW KWCDC   2.14% KRW   Quarterly     11/09/2022       KRW       7,250,000       (7     –         (15

Goldman Sachs

  1-DAY BRL - CETIP   11.985%   Annual     01/02/2023       BRL       3,000       109       –         109  

Goldman Sachs

  1-YEAR BRL-CDI   10.89%   Annual     01/03/2023       BRL       5,012       83       –         83  

Goldman Sachs

  28-DAY MXN - TIIE   6.355%   Monthly     05/21/2025       MXN       23,145       (106     –         (107

Goldman Sachs

  28-DAY MXN - TIIE   6.205%   Monthly     12/08/2025       MXN       16,624       (89     –         (89

Goldman Sachs

  28-DAY MXN - TIIE   6.165%   Monthly     03/05/2026       MXN       47,200       (264     –         (266

JPMorgan Chase

  28-DAY MXN - TIIE   6.13%   Monthly     06/18/2026       MXN       40,000       (235     –         (236

Goldman Sachs

  28-DAY MXN - TIIE   6.381%   Monthly     09/16/2026       MXN       26,000       (135     –         (136

JPMorgan Chase

  6-MONTH HUF -BUBOR   2.458%   Semi-Annual     05/16/2027       HUF       1,000,000       295       –         353  

JPMorgan Chase

  1-DAY CLP CLOIS   4.06%   Semi-Annual     06/02/2027       CLP       937,139       (2     –         (2

Goldman Sachs

  1.18%   6-MONTH CZK -PRIBOR   Semi-Annual     06/30/2027       CZK       65,000       187       –         168  
             

 

 

   

 

 

   

 

 

 
              $ 602     $ –       $ 315  
             

 

 

   

 

 

   

 

 

 

 

Cross Currency Swaps  
Counterparty   Fund Pays   Fund Receives     Payment
Frequency
    Termination
Date
    Currency     Notional
Amount
(Thousands)
   

Value

(Thousands)

    Upfront
Payment
(Thousands)
    Net Unrealized
Appreciation
(Depreciation)
(Thousands)
 

Goldman Sachs

  3-MONTH USD - LIBOR     6.879%       Annual       05/29/2019       USD       16,204     $ (59   $ –       $ (59

JPMorgan Chase

  3-MONTH USD - LIBOR     12.06%       Annual       01/29/2019       USD       65,000       (217     –         (217
             

 

 

   

 

 

   

 

 

 
              $ (276   $ –       $ (276
             

 

 

   

 

 

   

 

 

 

A list of open centrally cleared swap agreements held by the Fund at December 31, 2017, are as follows:

 

Interest Rate Swaps  
Fund Pays   Fund Receives   Payment
Frequency
  Termination Date   Currency  

Notional
Amount

(Thousands)

    Value
(Thousands)
    Upfront
Payments/
Receipts
(Thousands)
    Net
Unrealized
Appreciation
(Depreciation)
(Thousands)
 

28-DAY MXN - TIIE

  7.915%   Monthly   01/22/2027   MXN     41,115     $ (6   $ –       $ (5

28-DAY MXN - TIIE

  7.72%   Monthly   12/03/2026   MXN     8,000       (6     –         (6

7.35% MXN

  28-DAY MXIBOR TIIE   Monthly   10/25/2024   MXN     22,000       (33     –         (33

6-MONTH PLN WIBOR

  3.01%   Semi-Annual   10/26/2027   PLN     15,000       (31     –         (32

2.76%

  6-MONTH PZL - WIBOR   Semi-Annual   07/03/2027   PLN     1,700       6       –         6  

28-DAY MXN - TIIE

  7.51%   Monthly   04/20/2027   MXN     8,110       (13     –         (13

28-DAY MXN - TIIE

  7.605%   Monthly   03/07/2024   MXN     53,000       (38     –         (38

6-MONTH PZL - WIBOR

  2.505%   Semi-Annual   01/10/2022   PLN     22,509       34       –         33  

8.98% BRL

  1-DAY BRL CETIP   Annual   01/04/2021   BRL     13,259       (9     –         (9

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     15  


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

Fund Pays   Fund Receives   Payment
Frequency
  Termination Date     Currency   Notional
Amount
(Thousands)
    Value
(Thousands)
    Upfront
Payments/
Receipts
(Thousands)
    Net  Unrealized
Appreciation
(Depreciation)
(Thousands)
 

9.15% BRL

  1-DAY BRL CETIP   Annual     01/04/2021     BRL     5,523     $ 8     $ –       $ 8  

28-DAY MXN - TIIE

  6.71%   Monthly     07/07/2022     MXN     130,137       (294     –         (294

28-DAY MXN - TIIE

  6.745%   Monthly     06/23/2022     MXN     26,758       (58     –         (58

28-DAY MXN - TIIE

  7.575%   Monthly     01/28/2022     MXN     67,966       (35     –         (35
           

 

 

 
            $ (475   $ –       $ (476
           

 

 

 

Percentages are based on Net Assets of $1,603,220 ($ Thousands).

* Non-income producing security.
** Rate shown is the 7-day effective yield as of December 31, 2017.
 

Investment in Affiliated Security.

(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, 2017, the value of these securities amounted to $208,944 ($ Thousands), representing 13.03% of the Net Assets of the Fund.
(B) Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.
(C) Step Bonds – The rate reflected on the Schedule of Investments is the effective yield on December 31, 2017. The coupon on a step bond changes on a specified date.
(D) Certain securities or partial positions of certain securities are on loan at December 31, 2017. The total market value of securities on loan at December 31, 2017 was $9,055 ($ Thousands).
(E) Securities considered illiquid. The total value of such securities as of December 31, 2017 was $930 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.
(F) Level 3 security in accordance with fair value hierarchy.
(G) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.
(H) Security is in default on interest payment.
(I) This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of December 31, 2017 was $10,666 ($ Thousands).

ARS — Argentine Peso

BRL — Brazilian Real

BROIS — BRL CETIP

BUBOR — Budapest Interbank Offered Rate

CAD — Canadian Dollar

CDI — Average One-Day Interbank Deposit Rate

CETIP — Central of Custody and Financial Settlement of Securities

CLOIS — CLP Sinacofi Chile Interbank Rate Average

CLP — Chilean Peso

CNH — Chinese Offshore Spot

CNY — Chinese Yuan Onshore

COP — Colombian Peso

CZK — Czech Koruna

DOP — Dominican Peso

EGP — Egyptian Pound

EUR — Euro

GBP — British Pound Sterling

HUF — Hungarian Forint

IBR — Interbank Rate

IDR — Indonesian Rupiah

ILS — Israeli New Sheckels

INR — Indian Rupee

JSC — Joint Stock Company

KRW — Korean Won

KWCDC — KRW Certificate Deposit Rate

L.P. — Limited Partnership

MTN — Medium Term Note

MXIBOR — Mexican Interbank Offered Rate

MXN — Mexican Peso

MYR — Malaysian Ringgit

NGN — Nigerian Naira

OTC — Over the Counter

PEN — Peruvian Inti

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

Ser — Series

SGD — Singapore Dollar

THB — Thai Bhat

TIIE — Equilibrium Interbank Offered Rate

TRY — Turkish Lira

TWD — Taiwan Dollar

USD — United States Dollar

UYU — Uruguayan Peso

WIBOR — Warsaw Interbank Offered Rate

ZAR — South African Rand

The following is a list of the level of inputs used as of December 31, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

 

Investments in Securities   Level 1     Level 2     Level 3^     Total  

Global Bonds

  $ –       $ 1,504,832     $ 2,879     $ 1,507,711  

Affiliated Partnership

    –         9,446       –         9,446  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Investments in Securities

  $ –       $ 1,514,278     $ 2,879     $ 1,517,157  
 

 

 

   

 

 

   

 

 

   

 

 

 
       
Other Financial Instruments   Level 1     Level 2     Level 3     Total  

Futures Contracts *

       

Unrealized Appreciation

  $ 742     $ —       $ —       $ 742  

Unrealized Depreciation

    (107     —         —         (107

Forwards Contracts *

       

Unrealized Appreciation

    —         15,355       —         15,355  

Unrealized Depreciation

    —         (13,917     —         (13,917

OTC Swaps

       

Interest Rate Swaps *

       

Unrealized Appreciation

    —         2,448       —         2,448  

Unrealized Depreciation

    —         (2,133     —         (2,133

Cross Currency Swaps *

       

Unrealized Depreciation

    —         (276     —         (276

Centrally Cleared Swaps

       

Interest Rate Swaps *

       
 

 

16    SEI Institutional International Trust / Quarterly Report / December 31, 2017


SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2017

Emerging Markets Debt Fund (Continued)

 

Other Financial Instruments    Level 1      Level 2     Level 3      Total  

Unrealized Appreciation

   $ —        $ 47     $ —        $ 47  

Unrealized Depreciation

     —          (523     —          (523
  

 

 

    

 

 

   

 

 

    

 

 

 

Total Other Financial Instruments

   $ 635      $ 1,001     $ —        $ 1,636  
  

 

 

    

 

 

   

 

 

    

 

 

 

^ Of the $2,879 ($ Thousands) in Level 3 securities as of December 31, 2017, $2,879 ($ Thousands) or 0.18% 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.

For the period ended December 31, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended December 31, 2017, 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.

 

 

The following is a summary of the transactions with affiliates for the period ended December 31, 2017 ($ Thousands):

 

Security Description    Value
9/30/2017
     Purchases at
Cost
     Proceeds
from Sales
    Realized Gain
(Loss)
     Change in Unrealized
Appreciation
(Depreciation)
     Value
12/31/2017
     Dividend
Income
 

SEI Liquidity Fund, L.P.

     $14,597        $10,738        $ (15,890)      $—          $1        $9,446        $32  

 

SEI Institutional International Trust / Quarterly Report / December 31, 2017     17  


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 & CEO

Date: March 1, 2018

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

 

By      

/s/ Robert A. Nesher

      Robert A. Nesher, President & CEO

Date: March 1, 2018

 

By      

/s/ James J. Hoffmayer

      James J. Hoffmayer, Controller & CFO

Date: March 1, 2018