UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________
FORM N-CSR
________
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-05601
SEI Institutional International Trust
(Exact name of registrant as specified in charter)
________
SEI Investments
One Freedom Valley Drive
Oaks, PA 19456
(Address of principal executive offices) (Zip code)
Timothy D. Barto, Esq.
SEI Investments
One Freedom Valley Drive
Oaks, PA 19456
(Name and address of agent for service)
Registrant’s telephone number, including area
code: 610-676-1000
Date of fiscal year end: September 30, 2023
Date of reporting period: September 30, 2023
Item 1. Reports to Stockholders.
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September 30, 2023
ANNUAL REPORT
SEI Institutional International Trust
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International Equity Fund
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Emerging Markets Equity Fund
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International Fixed Income Fund
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Emerging Markets Debt Fund
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Paper copies of the Funds’ shareholder reports are no longer sent by mail, unless you specifically request them from the Funds or from your financial intermediary, such as a broker-dealer or bank. Shareholder reports are available online and you will be notified by mail each time a report is posted on the Funds’ website and provided with a link to access the report online.
You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to inform it that you wish to continue receiving paper copies of your shareholder reports. If you invest directly with the Funds, you can inform the Funds that you wish to continue receiving paper copies of your shareholder reports by calling 1-800-DIAL-SEI. Your election to receive reports in paper will apply to all funds held with the SEI Funds or your financial intermediary.
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TABLE OF CONTENTS
Letter to Shareholders |
1 |
Management’s Discussion and Analysis of Fund Performance |
7 |
Schedules of Investments |
15 |
Statements of Assets and Liabilities |
85 |
Statements of Operations |
87 |
Statements of Changes in Net Assets |
88 |
Financial Highlights |
90 |
Notes to Financial Statements |
92 |
Report of Independent Registered Public Accounting Firm |
112 |
Trustees and Officers of the Trust |
113 |
Disclosure of Fund Expenses |
117 |
Liquidity Risk Management Program |
118 |
Board of Trustees Considerations in Approving the Advisory Agreement |
119 |
Notice to Shareholders |
122 |
The Trust files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Trust’s Form N-PORT reports are available on the Commission’s website at http://www.sec.gov.
A description of the policies and procedures that the Trust uses to determine how to vote proxies relating to portfolio securities, as well as information relating to how a Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-800-DIAL-SEI; and (ii) on the Commission’s website at http://www.sec.gov.
LETTER TO SHAREHOLDERS
September 30, 2023 (Unaudited)
To Our Shareholders:
During the one-year reporting period ending September 30, 2023, global financial markets gyrated in response to concerns about central bank monetary policy, the strength of the global economy, a crisis in the U.S. regional banking sector, the politically charged U.S. debt-ceiling standoff, and the implications of a higher-for-longer interest-rate environment.
The U.S. equity market experienced numerous periods of volatility as the Federal Reserve (Fed) maintained its interest rate-hiking cycle for much of the reporting period in an effort to tame rising inflation. Headline inflation, as measured by the U.S. consumer-price index (CPI), decelerated during the reporting period. The Fed raised the federal-funds rate in six increments totaling 225 basis points (2.25%) to a range of 5.25% to 5.50% during the reporting period. These included a 25-basis point increase following the central bank meeting in July 2023, which was sandwiched between pauses in its rate-hiking cycle in June and September.
In a statement announcing the pause in September, the Federal Open Market Committee (FOMC) reiterated its commitment to bringing inflation down to its 2% target rate and cautioned that “tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain.” The Fed members also commented that it “would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals.” The Fed’s so-called dot plot of economic projections indicated a median federal-funds rate of 5.6% at the end of 2023, unchanged from its previous estimate issued in June, implying that the central bank could opt for an additional 25-basis point increase at one of its two remaining policy meetings in 2023.
In early March 2023, the financial markets’ focus turned to the banking sector as two U.S.-based regional banks–Silicon Valley Bank (SVB) and Signature Bank–failed after depositors withdrew funds on fears regarding the valuation of the institutions’ bond portfolios. The Federal Deposit Insurance Corporation (FDIC) was appointed as receiver to SVB after the California Department of Financial Protection and Innovation– which oversees the operations of state-licensed financial institutions, including banks and credit unions–closed the bank. Occurring on the heels of the collapse of Silvergate Capital a few days earlier, SVB’s failure prompted investors to reconsider the safety of their positions across the banking industry. SVB is a unique entity, with a client base highly concentrated among startup, venture capital-backed companies. The deposits of the bank increased tremendously over the past few years and poor liquidity management of these assets appears to have been a significant contributor to the collapse. Both Silvergate Capital and Signature Bank, which was shut down by New York state regulators in mid-March, were closely aligned with the highly speculative cryptocurrency industry. In early May, U.S. regulators took control of California-based First Republic Bank. The California Department of Financial Protection and Innovation issued a statement announcing that it had taken over the bank and appointed the FDIC as receiver. The FDIC subsequently announced that it had accepted J.P. Morgan Chase Bank’s bid to “assume all deposits, including all uninsured deposits, and substantially all assets of First Republic Bank."
The administration of President Joe Biden and the Republican Party majority in the U.S. House of Representatives engaged in a heated debate about raising the U.S. government’s $31.4 trillion debt ceiling for much of the first half of 2023. The debt ceiling comprises the total amount of money that the U.S. government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments. U.S. Treasury Secretary Janet Yellen had warned that the U.S. would no longer be able to meet its financial obligations as of early June. After numerous one-on-one discussions, Biden and Kevin McCarthy, who had been elected Speaker of the House of Representatives after the Republicans secured a majority in the lower house of Congress following the national election in November 2022, reached an agreement on the debt ceiling during the last week of May. Both the U.S. House of Representatives and the Senate passed the legislation–the Fiscal Responsibility Act–by wide margins, with strong support from Republicans and Democrats. The bill suspended the debt ceiling through January 1, 2025; maintains non-military spending close to current levels for the 2024 fiscal year, which was to begin in October; and implements a 1% cap on increases in non-military spending for the 2025 fiscal year. The fast-track approval of the legislation enabled the government to avoid a potential default on its debt.
Despite the budget agreement, credit-rating agency Fitch Ratings downgraded U.S. debt one notch from AAA—the agency’s highest credit rating—to AA+ with a stable outlook. In a news release announcing the downgrade, Fitch
SEI Institutional International Trust
LETTER TO SHAREHOLDERS (Continued)
September 30, 2023 (Unaudited)
cited “expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to 'AA' and 'AAA' rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.” The agency also expressed its view that, despite June’s bipartisan agreement on the government’s debt ceiling, there has been “a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters.”
At the end of the reporting period on September 30, Congress again avoided a shutdown of the federal government, agreeing on a bipartisan stopgap bill to fund the government through mid-November. The House of Representatives voted 335-91 in support of the agreement, while the Senate, where the Democratic Party holds a slim majority, approved the measure by a vote of 88-9. The bill included, among other appropriations, $16 billion for disaster relief, but provided no additional financial aid for Ukraine for its ongoing conflict with Russia. Leaders of both political parties indicated that they would propose separate legislation authorizing more assistance to Ukraine.
Geopolitical Events
The ongoing Russia-Ukraine war dominated the geopolitical news during the reporting period. Ukraine’s president, Volodymyr Zelenskyy, traveled to Washington, D.C., to address a joint session of the U.S. Congress in late December 2022, in an effort to secure additional financial aid from the U.S. and its allies. President Biden reiterated the U.S. government’s support for Ukraine in its conflict with Russia. In late December, the U.S. Congress approved $45 billion in additional financial assistance to Ukraine. In February 2023, nearly a year after the conflict began, President Biden made an unannounced trip to Ukraine to meet with President Volodymyr Zelenskyy and to encourage ongoing support from U.S. allies. The visit occurred as Russian President Vladimir Putin increased military activity in eastern Ukraine. President Biden’s trip was particularly risky as there was no protection from U.S. military personnel on the ground in Ukraine. In March, President Xi Jinping of China met with Russian President Vladimir Putin in Moscow to discuss China’s proposal to end the conflict with Ukraine. The Biden administration criticised the plan as “the ratification of Russian conquest” as it proposed a ceasefire that would recognize Russia’s right to occupy territory in Ukraine and provide Putin with time to bolster the nation’s military forces.
The Wagner Group, a Russian paramilitary organization, began to retreat from the city of Bakhmut, Ukraine, in late May. The mercenaries were scheduled to complete their retreat by the beginning of June, and would be replaced by regular Russian troops. The Wagner Group had been fighting in Bakhmut since the summer of 2022. The withdrawal from the city occurred after the group’s leader, Yevgeny Prigozhin, claimed that Russian Defense Minister Sergei Shoigu and Valery Gerasimov, Chief of the General Staff, had intentionally withheld ammunition from Wagner Group fighters. In late June, the Wagner Group organized a short-lived mutiny against Russian President Vladimir Putin’s regime. The group occupied Rostov-On-Don in southern Russia, a significant command center for the Russian government’s invasion of Ukraine. Prigozhin agreed to be exiled to Belarus, and the mercenaries retreated from Rostov-On-Don. Prigozhin and nine other passengers later died in an airplane crash near Moscow on August 24, raising questions about the circumstances surrounding his death.
Late in the reporting period, China, the world’s second-largest economy, experienced relatively weak credit growth, a downturn in exports, and a year-over-year decline in consumer prices. Lower demand for goods and services from Chinese consumers could have a negative impact on other countries’ exports of iron ore, crude oil, factory equipment, and luxury goods into the country. A large property developer filed for protection under Chapter 15 of the U.S. bankruptcy code, which safeguards non-U.S. companies that are undergoing debt restructurings from creditors seeking to sue the firms or to freeze their assets in the U.S. Additionally, in contrast to inflationary worries in most global economies, there were concerns regarding a bout of deflation in China. According to the National Bureau of Statistics of China, the country’s producer-price index (PPI), which tracks the average change over time in selling prices received by domestic producers of manufactured goods, was down 3.0% year-over-year in August— the eleventh consecutive month-over-month decline. Prices for the mining, raw materials, and processing industries fell by 9.0%, 4.0%, and 3.1%, respectively, during the previous 12-month period.
Economic Performance
U.S. inflation cooled during the reporting period. According to the Department of Labor, the U.S. consumer-price index (CPI) fell from an annual rate of 7.7% in September 2022, to 3.7% in August 2023. The most recent inflation data indicated that the CPI increased 0.6% month-over-month in August. However, the 4.3% annual increase in core inflation, as measured by the CPI for all items less food and energy, represented a 0.4- percentage point decline
SEI Institutional International Trust
from the 4.7% year-over-year upturn in July. Core inflation rose 0.3% month-over-month in August, following a 0.2-percentage point uptick in July. The government noted that more than half of the month-over-month increase in the overall CPI was attributable to higher gasoline prices, which climbed 10.6% in August. Housing costs also contributed to the upturn in inflation for the month. Food prices rose 0.2% in August, matching the previous month’s increase.
According to the third estimate from the Department of Commerce, U.S. gross domestic product (GDP) grew at annualized rate of 2.1% in the second quarter of 2023, unchanged from the government’s second estimate released in August, and down 0.1 percentage point from the 2.2% rise in the first three months of the year. The largest increases for the second quarter were in nonresidential fixed investment (purchases of both nonresidential structures and equipment and software), consumer spending, and state and local government spending. These gains offset reductions in exports and residential fixed investment (purchases of private residential structures and residential equipment that property owners use for rentals). The marginal decline in the GDP growth rate for the second quarter compared to the first three months of the year was due to slowdowns in consumer and federal government spending, as well as a decrease in exports.
The Office for National Statistics reported that consumer prices in the U.K. rose 0.4% month-over-month in August (the most recent reporting period)—up sharply from the 0.3% decrease in July. Inflation advanced 6.3% over the previous 12-month period, down marginally from the 6.4% annual upturn in July. Prices for alcohol and tobacco, along with clothing and footwear, were the largest contributors to the rise in inflation in August, while food and alcoholic beverages, and alcohol and tobacco posted the most notable price increases over the previous 12-month period. Core inflation, which excludes volatile food prices, rose at an annual rate of 5.9% in August, down from the 6.4% rise in July.
Eurostat pegged the inflation rate for the eurozone at 4.3% for the 12-month period ending in September 2023, down 0.9% from the 5.2% annual increase in August. Prices for food, alcohol and tobacco rose 8.8% in September, but the pace of acceleration slowed from the 9.7% annual rate for the previous month. Energy prices fell 4.7% year-over-year, following a 3.3% decline in August. Core inflation, which excludes volatile energy and food prices, rose at an annual rate of 4.5% in September, down 0.8% from August.
Market Developments
Global equity markets, as measured by the MSCI All-Country (AC) World Index, garnered positive returns despite periods of volatility over the reporting period. Developed markets significantly outperformed their emerging-market counterparts, though both asset classes posted double-digit gains. The Nordic countries garnered the highest returns among developed markets for the reporting period, attributable mainly to robust performance in Denmark. Despite posting a double-digit gain during the period, the Pacific ex Japan region was the primary underperformer due to weakness in Hong Kong. Eastern Europe was the top-performing region within the emerging markets for the reporting period due to notable strength in Hungary, Greece, and Poland. Conversely, the Gulf Cooperating Council (GCC) countries (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, and Oman) were the most notable laggards among the emerging markets for the period.
Global fixed-income assets ended the reporting period in positive territory, with the Bloomberg Global Aggregate Bond Index returning 2.24% in U.S. dollar terms. High-yield bonds, which posted double-digit returns, and emerging-market debt were the strongest performers. Both asset classes outperformed global corporate and government bonds. Over the reporting period, rates rose significantly across all maturities of the U.S. Treasury yield curve. The yield on the 10-year U.S. Treasury note ended the one-year reporting period up 76 basis points to 4.59%, while the 2-year yield rose 81 basis points to 5.03%. Bond prices fall as interest rates rise. The spread between 10- and 2-year notes widened from -39 to -44 basis points over the reporting period. The yield curve remained inverted, with yields on shorter-term bonds exceeding those on longer-dated securities. In an unusual move, yields on the 1-, 2- and 3-month Treasury bills climbed by corresponding margins of 276, 240 and 222 basis points to 5.55%, 5.60%, and 5.55% during the period. The significant upturn in ultra-short-term bond yields reflected expectations for rates to remain higher for longer; longer-term bond yields showed signs of concerns regarding how monetary tightening might have a negative impact on economic growth.
Global commodity prices, as measured by the Bloomberg Commodity Total Return Index, dipped 1.30% in U.S. dollar terms during the reporting period. However, gold prices rallied and ended the period in positive territory as
SEI Institutional International Trust
LETTER TO SHAREHOLDERS (Continued)
September 30, 2023 (Unaudited)
the U.S. dollar weakened (gold prices move inversely to the U.S. dollar) and the Fed began to slow the pace of its interest-rate hikes. Prices for West Texas Intermediate crude oil and Brent crude oil declined during much of first nine months of the reporting period before rallying sharply in the summer of 2023 on expectations that production output cuts from the Organization of the Petroleum Exporting Countries (OPEC) and Russia would continue through the end of the year. Wheat prices moved lower over the period, hampered by Russia’s shipments of large quantities of cheaply priced grain. The New York Mercantile Exchange (NYMEX) natural gas price tumbled more than 50% over the reporting period. The downturn was attributable mainly to a steep decline in late 2022 and early 2023, as an unusually mild winter in the U.S. continued to weigh on demand during the home-heating season.
Our View
While predictions of a downturn in business activity during 2023 have been widely held since the end of last year, the U.S. economy has mostly surprised to the upside. Recession calls are now in the minority, with the latest plane analogy going from “hard landing” to “soft landing,” and even to “no landing.” Strong July results for retail sales, services consumption, industrial production, and housing starts resulted in the inflation-adjusted gross domestic product reaching an annualized 5.9% rate of gain in August. We do not believe this trend is sustainable. Although the consensus has swung away from this view, there is a reasonable probability of a recession in 2024.
Other major economies outside the U.S. are showing signs of weakness, despite advances during the first half of this year. Germany is already in recession and the U.K. may not be far behind. In these developed economies, businesses and consumers alike are feeling pressure from rising interest rates and persistent core inflation.
Hopes that China’s economy would offset slowing growth elsewhere have proven to be elusive. Although Chinese domestic travel and services consumption experienced a post-COVID-19 bounce, the economic data have been mostly disappointing. Consumer sentiment remains extremely depressed, with the latest quarterly reading showing a partial reversal of the early 2023 post-lockdown bounce. Chinese consumers and financial market participants appear largely unimpressed with the government’s efforts, both fiscal and monetary, to turn the economy around.
Inflation continues to fall as COVID-19-era supply-chain disruptions abate. However, it is SEI’s strong conviction that there has been a regime change when it comes to long-run inflation, and that it will run sustainably higher in the U.S. than the Federal Reserve’s (Fed) 2% target. Structurally tight labor markets, the shifting of global supply chains away from China, higher financing costs, the disruptions caused by the transition to a carbon-neutral regime, and a likely boost in corporate tax rates in the years ahead suggest to us that an inflation rate over 3% is more likely than one under 2%.
The Fed’s rate-hiking cycle is nearing an end, but this does not mean that the federal-funds rate will be moving lower anytime soon. We believe there could be one more interest-rate increase from the Fed, but as labor-market pressures ease, even this appears increasingly unlikely. The latest Federal Open Market Committee projections indicate an intention to keep the federal-funds rate higher for longer. In our view, it is unlikely the central bank will begin cutting rates before the second half of 2024.
Other major central banks are in similar positions. Given Europe’s stubborn inflation and lower policy-rate stance, the European Central Bank may raise its key interest rate once or twice more this cycle. The U.K. is closest to a wage-price spiral, which may force the Bank of England to implement a monetary policy that is tighter than it would prefer. Meanwhile, the Bank of Japan is under increasing pressure to start raising its policy interest rate in order to firm up the yen.
Bond yields have risen despite lower inflation rates. We believe markets are responding to the increase in government debt issuance at a time when central banks are adding to supply pressures via quantitative tightening (i.e., selling bonds out of their portfolios).
SEI expects bond yields to remain elevated as investors adjust their expectations regarding the probability of higher-for-longer central bank interest-rate policy. We also believe that the term premium (the excess yield required to offset the additional risk in longer-dated bonds) will turn positive as investors demand compensation for taking on a greater level of uncertainty around future interest-rate risk.
Equity markets have entered a corrective phase. U.S. large-capitalization stocks are expected to trade in a broad range, with the S&P 500 Index currently closer to the upper end of this range. Growth companies with high price-to-
SEI Institutional International Trust
earnings ratios are vulnerable to rising bond yields, and more cyclical and economically sensitive names within this cohort could face pressure from declining profit margins.
Sincerely,
James Smigiel
Head and Chief Investment Officer of Non-Traditional Asset Management
SEI Institutional International Trust
LETTER TO SHAREHOLDERS (Concluded)
September 30, 2023 (Unaudited)
Index Definitions
The MSCI All Country (AC) World Index is a market capitalization-weighted index that tracks the performance of over 2,000 companies, and is representative of the market structure of 48 developed and emerging-market countries in North and South America, Europe, Africa, and the Pacific Rim. The index is calculated with net dividends reinvested in U.S. dollars.
The MSCI Emerging Markets Index (Net) is a free float-adjusted (i.e., including only shares that are available for public trading) market capitalization-weighted index that tracks the performance of emerging-market equities.
The Bloomberg Global Aggregate Bond Index is a market capitalization-weighted index that tracks the performance of investment-grade (rated BBB- or higher by S&P Global Ratings/Fitch Ratings or Baa3 or higher by Moody’s Investors Service) fixed-income securities denominated in 13 currencies. The index reflects reinvestment of all distributions and changes in market prices.
The Bloomberg Commodity Total Return Index comprises futures contracts and tracks the performance of a fully collateralized investment in the index. This combines the returns of the index with the returns on cash collateral invested in 13-week (three-month) U.S. Treasury bills.
Producer-price indexes (PPI) measure the average change over time in selling prices received by domestic producers of goods and services.
The S&P 500 Index is a market-weighted index that tracks the performance of the 500 largest publicly traded U.S. companies and is considered representative of the broad U.S. stock market.
SEI Institutional International Trust
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE
September 30, 2023 (Unaudited)
International Equity Fund
I. Objective
The International Equity Fund (the “Fund”) seeks long-term capital appreciation.
II. Multi-Manager Approach Statement
The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2023: Acadian Asset Management LLC (Acadian), Causeway Capital Management LLC (Causeway), Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust (Macquarie), Lazard Asset Management LLC (Lazard), Pzena Investment Management, LLC (Pzena), and WCM Investment Management LLC (WCM).
During the period, Lazard was added to the Fund, while Intech Investment Management LLC and JOHCM (USA) Inc. were removed from the Fund.
III. Return vs. Benchmark
For the year ended September 30, 2023, the Fund’s Class F shares outperformed the MSCI EAFE Index (Net)—which tracks the performance of developed-market equities outside North America—returning 27.81% versus the Index return of 25.65%.
IV. Fund Attribution
As of the end of the reporting period, global equity markets had recovered sharply from a difficult year in 2022, with the MSCI EAFE Index bottoming in October 2022, and recovering since then. The global economy avoided a recession and it appeared that markets were pricing in an economic downturn in 2022. All of this produced a sharp rebound as risk had been repriced. Economic data remained fairly strong over the period and company earnings moved higher. While inflation remained high and interest rates were elevated, most investors believed that central banks were closer to the end of their monetary policy tightening than the beginning. Oil prices were virtually flat over the reporting period, with natural gas prices down significantly (which was especially helpful for Europe). The U.S. Dollar index declined modestly over the 12- month period. These measures served to ease financial conditions, though this was partly offset by higher interest rates. Ultimately, the “rate of increase” of inflation moderated, which is a
positive environment for corporate earnings and investor risk appetite.
The market backdrop and avoidance of recession caused the cyclical and economically sensitive industries to outperform over the reporting period. Specifically, shares of semiconductor companies, banks, providers of capital goods, energy companies, and auto manufacturers have done well. Relative laggards were defensive areas, including food and beverage, telecommunications, healthcare equipment, and pharmaceutical firms.
Regionally, Europe outperformed, Japan performed in line with the benchmark MSCI EAFE Index, and Pacific ex Japan was a laggard. The Japanese yen was relatively weak over the reporting period, but the U.S. dollar return for the Tokyo Stock Price Index (TOPIX) was in line with that of the MSCI EAFE Index for the period.
The Value factor was, by far, the strongest-performing alpha source (the investment approach taken by an active investment manager in an effort to generate excess returns relative to a benchmark) over the reporting period. With the avoidance of recession, the rise in interest rates, and the outperformance of more economically sensitive sectors, we would expect value to outperform in this environment. The Momentum factor produced flat relative returns during the period. Quality stocks lagged the overall market due primarily to its higher exposure to the consumer staples and healthcare sectors, as we had expected. Low volatility also underperformed amid a sharp upturn in a market where risk was rewarded.
The Fund outperformed its benchmark, the MSCI EAFE Index, due primarily to an overweight allocation to value. The Fund also had a higher volatility bias, which is to be expected given our preference for value. This positioning benefited Fund performance as defensive stocks lagged during the period.
From a sector perspective, an overweight to the consumer discretionary sector and underweight to utilities and communication services had a positive impact on Fund performance for the reporting period. Regional effects were noteworthy, especially in Japan, which was the strongest-performing market in local currency terms over the period. Consequently, the Fund’s underweight in Japan detracted from performance. However, the Japanese yen also depreciated significantly as Japan has been one of the only countries that has kept interest rates low and maintained loose monetary policy. Therefore, the Fund’s
SEI Institutional International Trust
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE
September 30, 2023 (Unaudited)
International Equity Fund (Concluded)
underweight allocation to the Japanese yen offset the underweight to the equity market.
The Fund managers’ results bolstered performance over the reporting period. Causeway was the standout performer, as its results exceeded our expectations. In our view, it is not unusual to have a manager performing above expectations while another underperforms. While Causeway’s value bias benefited Fund performance, stock selection also was very strong, particularly its holdings in luxury auto-maker Rolls Royce and Unicredit, a commercial bank. Pzena also performed well during the reporting period, attributable to its value bias. Conversely, the performance of Macquarie and WCM (quality managers) lagged, which was consistent with expectations. Acadian (multi-factor quantitative) also underperformed, as its momentum bias was not able to capture shifting trends given the volatile environment and several changes in leadership at the company. The Fund had a relatively small allocation to Lazard, which was appointed as a sub-advisor for the Fund in February 2023.
Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.
AVERAGE ANNUAL TOTAL RETURN1 |
|
1 Year
Return |
Annualized
3 Year
Return |
Annualized
5 Year
Return |
Annualized
10 Year
Return |
Annualized
Inception
to Date |
International Equity Fund, Class F |
27.81% |
5.67% |
3.09% |
3.85% |
3.62% |
International Equity Fund, Class I |
27.63% |
5.44% |
2.84% |
3.59% |
3.37% |
International Equity Fund, Class Y |
28.26% |
5.96% |
3.35% |
4.08% |
3.69% |
MSCI EAFE Index (Net) |
25.65% |
5.75% |
3.24% |
3.82% |
4.38% |
Comparison of Change in the Value of a $100,000 Investment in the International Equity Fund, Class F, Class I and Class Y, versus the MSCI EAFE Index (Net)
1
|
For the year ended September 30, 2023. Past performance is no indication of future performance. Class F shares were offered beginning December 20, 1989. Class I shares were offered beginning January 4, 2002. The performance of Class I shares prior to January 4, 2002 is calculated using the performance of Class F shares adjusted for the higher expenses of the Class I shares. Returns for Class I shares are substantially similar to those of Class F shares and differ only to the extent that Class I shares have higher total annual fund operating expenses than Class F shares. The Fund’s Class Y shares commenced operations on December 31, 2014. For periods prior to December 31, 2014, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F shares and would have differed only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.
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SEI Institutional International Trust
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE
September 30, 2023 (Unaudited)
Emerging Markets Equity Fund
I. Objective
The Emerging Markets Equity Fund (the “Fund”) seeks capital appreciation.
II. Multi-Manager Approach Statement
The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2023: Aikya Investment Management Limited (Aikya), JOHCM (USA) Inc. (JO Hambro), KBI Global Investors (North America) Ltd. (KBI), Qtron Investments LLC (Qtron), and Robeco Institutional Asset Management US Inc. (Robeco).
During the Fund’s fiscal year, Aikya was added to the Fund, while RWC Asset Advisors (US) LLC (RWC) and Neuberger Berman Investment Advisers LLC (Neuberger Berman) were terminated from the Fund.
III. Return vs. Benchmark
For the year ended September 30, 2023, the Fund’s Class F shares outperformed the MSCI Emerging Markets Index (Net)—which tracks the performance of global emerging market equities—returning 12.32% versus the Index return of 11.70%.
IV. Fund Attribution
Emerging-market equities garnered positive returns during the 12-month reporting period. The majority of gains were registered in the first four months of the period, when Chinese equities rallied following the sudden removal of COVID lockdowns, as discussed in the shareholder letter. The rally faded, however, as consumer sentiment and economic growth in China stalled, and China ended the reporting period underperforming the benchmark MSCI Emerging Markets Index. India was a strong performer due to robust domestic growth in the second half of the reporting period. Taiwan and Korea also performed well, led by strong gains in the information technology (IT) hardware sector and consumer companies, respectively. Latin America underperformed the benchmark index, hampered by Brazilian equities following weak returns in the IT and consumer-related sectors. However, Mexico outperformed the benchmark index as the country benefited from positive impact of nearshoring (the process of transferring a business operation to a nearby country, especially in preference to a more distant one). The Europe, Middle East and Africa (EMEA) region
underperformed the index as well, primarily due to weak performance in South Africa as the country struggled with economic and political turmoil. The Eastern Europe market rallied, however, as the region rebounded from the selloff following Russia’s invasion of Ukraine.
From a sector standpoint, IT was the strongest performer sector, as demand for artificial intelligence (AI) fueled gains. The energy sector also performed well, rallying on higher oil prices in the summer of 2023. Utilities and real estate were among the weakest-performing sectors, as utilities underperformed in China and India, while the Chinese real estate sector continued to grapple with weak growth and demand.
The Value factor was the strongest-performing alpha source (the investment approach taken by an active investment manager in an effort to generate excess returns relative to a benchmark) as cheap markets such as Korea outperformed. Chinese state-owned banks, which are cheap relative to the benchmark index, also outperformed as investors perceived these stocks as defensive relative to the broader Chinese economy. The Quality factor was the next-strongest performer among alpha sources due to notable gains in IT hardware stocks in Taiwan and Korea, fueled by the AI craze. The Momentum factor was the weakest performer, but performed in line with the index. This was attributable to rotation in market leadership, from India to China and back to India, and from the underperformance and then resurgence in IT.
Robeco was the Fund’s top-performing manager during the reporting period due to the strong performance from value stocks. This resulted in significant gains from banks and consumer discretionary companies, especially banks in Greece and auto stocks in Korea. Qtron was another contributor due to strong multi-factor model-driven results in the IT, utilities, and consumer discretionary sectors. Qtron had positive exposure to all three alpha sources. KBI was another contributor to Fund performance as well due to strong performance of value, resulting in gains in financials and energy stocks. Momentum was not a meaningful tailwind for JO Hambro, which slightly lagged the benchmark index due to weak results in the industrials and communication services sectors. Neuberger Berman saw bottom-up-driven gains in the health care and consumer staples sectors, and losses in financials and industrials. Specifically, the manager’s lack of exposure to Chinese banks in particular weighed on performance. Aikya detracted from Fund performance for the period due to bottom-updriven losses in the consumer staples and financials.
SEI Institutional International Trust
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE
September 30, 2023 (Unaudited)
Emerging Markets Equity Fund (Concluded)
From a regional standpoint, Taiwan was the biggest contributor to Fund performance due to exposure to IT stocks that benefited from the AI theme. India was another major contributor due to positive bottom-up results in the IT sector and by the lack of exposure to underperforming Indian utilities. The United Arab Emirates (UAE) was another strong contributor due to positive real estate stock results that capitalized on strong demographic trends in the country. Brazil was the biggest detractor due to losses in the consumer sectors. Vietnam was another detractor from performance as the country faced a difficult economic backdrop.
Regarding sector performance, financials was the biggest contributor due to positive results in Greek and Korean banks on which the Fund’s value managers capitalized. IT was another contributor due to strong results in IT hardware and software stocks that benefited from AI demand. Utilities also contributed to performance as the Fund was underweight to the underperforming Indian utilities sector. Industrials was the largest detractor from Fund performance due to weak bottom-up results in Asia. Consumer staples was another notable detractor attributable primarily to bottom-up losses in the food and beverages sector.
Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.
AVERAGE ANNUAL TOTAL RETURN1 |
|
1 Year
Return |
Annualized
3 Year
Return |
Annualized
5 Year
Return |
Annualized
10 Year
Return |
Annualized
Inception
to Date |
Emerging Markets Equity Fund, Class F |
12.32% |
-1.95% |
0.16% |
1.39% |
3.66% |
Emerging Markets Equity Fund, Class Y |
12.63% |
-1.70% |
0.40% |
1.62% |
3.74% |
MSCI Emerging Markets Index (Net) |
11.70% |
-1.73% |
0.55% |
2.07% |
2.42% |
Comparison of Change in the Value of a $100,000 Investment in the Emerging Markets Equity Fund, Class F and Class Y, versus the MSCI Emerging Markets Index (Net)
1
|
For the year ended September 30, 2023. Past performance is no indication of future performance. Class F shares were offered beginning January 17, 1995. The Fund’s Class Y shares commenced operations on December 31, 2014. For periods prior to December 31, 2014, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F shares and would have differed only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.
|
SEI Institutional International Trust
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE
September 30, 2023 (Unaudited)
International Fixed Income Fund
I. Objective
The International Fixed Income Fund (the “Fund”) seeks capital appreciation and current income.
II. Multi-Manager Approach Statement
The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2023: AllianceBernstein L.P. (AllianceBernstein), Colchester Global Investors Limited (Colchester), and Wellington Management Company LLP (Wellington).
No manager changes were made during the Fund’s fiscal year.
III. Return vs. Benchmark
For the year ended September 30, 2023, the Fund’s Class F shares underperformed the Bloomberg Global Aggregate ex-USD Index, Hedged (the index)–which tracks the performance of the global investment-grade fixed-rate debt markets outside of the U.S.–returning 1.88% versus the Index return of 2.99%.
IV. Fund Attribution
Global bond yields rose over the reporting period as the market reassessed the likely path of central bank monetary policy against a backdrop of sticky inflation, tight labor markets and a surprisingly resilient U.S. economy. However, the performance of fixed-income securities was protected to an extent by the additional yield cushion that had been built into bond markets throughout 2022. At the regional level, China was the strongest-performing bond market amid investors’ concerns about economic growth and disinflation. Japan, meanwhile, was the worst performing G7 market as the Bank of Japan tries to carefully engineer a route back to policy normalization. Credit spreads tightened over the reporting period despite concerns earlier in the year regarding the banking sector. In the currency space, the U.S. dollar weakened against all other G10 currencies, with the exception of the Japanese yen (JPY).
The Fund underperformed the benchmark index for the reporting period. Fund performance was hampered by an overweight duration position in New Zealand and an underweight in China. Currency detractors included a long position in the JPY and short positions in the Swiss franc (CHF) euro (EUR), and New Zealand dollar (NZD). Positive contributors to Fund performance included
an overweight to corporate credit, an underweight to European rates, off-index exposure to U.S. bonds, and overweight allocations to Mexican, Colombian and Polish local-currency bonds. Long currency positions in the British pound sterling (GBP) and Korean won (KRW) also enhanced the Fund’s relative performance. Among the Fund’s managers, Wellington performed roughly in line with its customized index, while Colchester outperformed its customized index. Colchester benefited from duration underweight positions in Europe and Japan, overweights in local-currency emerging market bonds, and long currency positions in the GBP, KRW and Czech koruna (CZK).
AllianceBernstein underperformed its customized index despite the positive impact of an overweight allocation to corporate credit. The main detractors included overweight duration positions in the UK and New Zealand, as well as an underweight to China. Long currency positions in the JPY and Norwegian krone (NOK) also weighed on performance.
Regarding derivatives, the Fund used FX forwards, financial futures, interest-rate swaps, and over-the-counter options during the reporting period to hedge existing exposures and gain exposure to particular areas of the market.
Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.
AVERAGE ANNUAL TOTAL RETURN1 |
|
1 Year
Return |
Annualized
3 Year
Return |
Annualized
5 Year
Return |
Annualized
10 Year
Return |
Annualized
Inception
to Date |
International Fixed Income Fund, Class F |
1.88% |
-3.17% |
-0.02% |
1.52% |
3.45% |
International Fixed Income Fund, Class Y |
2.30% |
-2.89% |
0.24% |
1.73% |
3.52% |
Bloomberg Global Aggregate ex-USD Index, Hedged |
2.99% |
-2.62% |
0.83% |
2.30% |
4.73% |
SEI Institutional International Trust
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE
September 30, 2023 (Unaudited)
International Fixed Income Fund (Concluded)
Comparison of Change in the Value of a $100,000 Investment in the International Fixed Income Fund, Class F and Class Y, versus the Bloomberg Global Aggregate ex-USD Index, Hedged
1
|
For the year ended September 30, 2023. Past performance is no indication of future performance. Class F shares were offered beginning September 1, 1993. The Fund’s Class Y shares commenced operations on October 30, 2015. For periods prior to October 30, 2015, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F shares and would have differed only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.
|
SEI Institutional International Trust
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE
September 30, 2023 (Unaudited)
Emerging Markets Debt Fund
I. Objective
The Emerging Markets Debt Fund (the “Fund”) seeks to maximize total return.
II. Multi-Manager Approach
The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corp. (SIMC). The Fund utilized the following sub-advisors as of September 30, 2023: Colchester Global Investors Limited (Colchester), Marathon Asset Management, L.P. (Marathon), Neuberger Berman Investment Advisers LLC (Neuberger Berman), Ninety One UK Ltd. (Ninety One), and Stone Harbor Investment Partners LP, a division of Virtus Fixed Income Advisers, LLC (Stone Harbor).
No manager changes were made during the Fund’s fiscal year.
III. Return vs. Benchmark
For the year ending September 30, 2023, the Fund’s Class F shares outperformed a hybrid of 50% J.P. Morgan EMBI Global Diversified Index (JPM EMBI GD)–which tracks the performance of external debt instruments in the emerging markets–and 50% J.P. Morgan GBI Emerging Markets Global Diversified Index (JPM GBI-EM GD)–which tracks the performance of debt instruments issued in domestic currencies by emerging-market governments–returning 13.13%, versus the Index return of 11.58%.
IV. Fund Attribution
For the 12-month period ending September 30, 2023, the hard-currency and local-currency markets returned 10.01% and 13.10%, respectively. Hard currency spreads tightened from 560 basis points (bps) (5.60%) to 430 bps over the reporting period, generating a significant positive return. High yield hard currency spreads moved from 993 to 789 bps and investment-grade spreads moved from 191 to 128 bps. The Fund’s overweight allocation to high-yield issues benefited from the sector’s outperformance relative to investment-grade bonds. A wedge of 661 bps remains between investment-grade and high-yield spreads, comparatively to a long-term average of 388 bps, supporting the Fund’s overweight to high yield.
The local-currency market benefited from both lower local yields and stronger emerging markets foreign exchange (EM FX) for the reporting period. Local rates
generated positive returns over the period as central banks in emerging markets begun tightening monetary policy into signs of disinflation. EM FX generated positive returns in the initial part of the reporting period before weakening against a strong U.S. dollar in the last few months of the period.
The Fund outperformed its blended benchmark during the reporting period. An overweight to high-yield hard-currency exposure such as Romania in euro exposure, state-owned oil company Pemex in Mexico, and El Salvador enhanced Fund performance. Underweight positions in high-investment-grade countries such as Bahrain and Oman detracted from Fund performance. Regarding currency exposure, overweight allocations to Hungary, Brazil and Columbia, and underweight to Turkey, bolstered Fund performance, while overweight exposure to South Africa and the Chinese renminbi had a negative impact. The Fund had a small short position in the U.S. dollar, which contributed to performance for the 12 month period. Among the Fund’s managers, Colchester and Ninety One outperformed the Fund’s blended benchmark. Colchester was positioned with a bias toward currencies such as Brazil and Mexico with relatively higher real yields, while being underweight to Asia, and outperformed as a result. Ninety One outperformed due to an inflation position in Mexico, as well as overweight positions in the Hungarian forint and Columbian peso.
Stone Harbor, Marathon and Neuberger Berman outperformed the blended benchmark as spreads tightened over the reporting period. The performance of Stone Harbor and Neuberger benefited from overweight allocations to high-yield hard-currency exposures, including Argentina, El Salvador and Angola. Marathon benefited from its quasi-sovereign exposure to Pemex and trades in high-quality Gulf Cooperation Council (GCC) credits, which saw spread-tightening over the period.
Regarding derivatives, the Fund employed currency forwards and swap contracts over the reporting period in an effort to either hedge particular positions or gain exposure to additional areas of the market. Currency forwards had a material impact on Fund performance during the period, as 50% of the benchmark index is directly affected by foreign currencies. Positive and negative effects differed on a country-to-country basis, depending on whether the forward increased or decreased currency exposure, and whether the currency strengthened or weakened relative to the U.S. dollar.
SEI Institutional International Trust
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE
September 30, 2023 (Unaudited)
Emerging Markets Debt Fund (Concluded)
Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.
AVERAGE ANNUAL TOTAL RETURN1 |
|
1 Year
Return |
Annualized
3 Year
Return |
Annualized
5 Year
Return |
Annualized
10 Year
Return |
Annualized
Inception
to Date |
Emerging Markets Debt Fund, Class F |
13.13% |
-3.46% |
-0.58% |
-0.05% |
5.89% |
Emerging Markets Debt Fund, Class Y |
13.50% |
-3.20% |
-0.32% |
0.17% |
5.98% |
JP Morgan EMBI Global Diversified Index |
10.01% |
-4.56% |
-0.35% |
2.47% |
6.54% |
JP Morgan GBI-EM Global Diversified Index |
13.10% |
-2.70% |
-0.00% |
-0.84% |
X.XX% |
50/50 Hybrid of the JP Morgan EMBI Global Diversified Index and the JP Morgan GBI-EM Global Diversified Index |
11.58% |
-3.61% |
-0.14% |
0.86% |
X.XX% |
Comparison of Change in the Value of a $100,000 Investment in the Emerging Markets Debt Fund, Class F and Class Y, versus a 50/50 Hybrid of the Following Indexes: the JP Morgan EMBI Global Diversified Index and the JP Morgan GBI-EM Global Diversified Index
1
|
For the year ended September 30, 2023. Past performance is no indication of future performance. Class F shares were offered beginning June 26, 1997. The Fund’s Class Y shares commenced operations on December 31, 2014. For periods prior to December 31, 2014, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F shares and would have differed only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns
|
|
for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Equity Fund
†Percentages based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK — 95.9% |
Australia — 2.7% |
Adbri Ltd * |
|
|
36,642 |
|
|
$ |
48 |
|
Ampol |
|
|
54,892 |
|
|
|
1,197 |
|
ANZ Group Holdings Ltd |
|
|
59,877 |
|
|
|
992 |
|
Aristocrat Leisure Ltd |
|
|
113,995 |
|
|
|
3,005 |
|
Audinate Group * |
|
|
6,506 |
|
|
|
57 |
|
Base Resources Ltd |
|
|
271,387 |
|
|
|
30 |
|
Bellevue Gold * |
|
|
646,979 |
|
|
|
578 |
|
BHP Group Ltd |
|
|
116,778 |
|
|
|
3,335 |
|
BlueScope Steel Ltd |
|
|
933,040 |
|
|
|
11,706 |
|
Brambles Ltd |
|
|
608,925 |
|
|
|
5,628 |
|
Cochlear Ltd |
|
|
14,298 |
|
|
|
2,356 |
|
CSR Ltd ‡ |
|
|
669,497 |
|
|
|
2,441 |
|
Fortescue Metals Group Ltd |
|
|
131,251 |
|
|
|
1,772 |
|
GPT Group ‡ |
|
|
250,000 |
|
|
|
629 |
|
Helia Group Ltd |
|
|
156,150 |
|
|
|
352 |
|
Iluka Resources Ltd |
|
|
579,958 |
|
|
|
2,875 |
|
Inghams Group |
|
|
53,436 |
|
|
|
115 |
|
Insurance Australia Group Ltd |
|
|
310,959 |
|
|
|
1,140 |
|
Medibank Pvt |
|
|
586,831 |
|
|
|
1,303 |
|
Neuren Pharmaceuticals * |
|
|
74,700 |
|
|
|
533 |
|
New Hope |
|
|
232,041 |
|
|
|
951 |
|
Northern Star Resources Ltd |
|
|
70,236 |
|
|
|
474 |
|
Nufarm Ltd |
|
|
30,265 |
|
|
|
93 |
|
Orica Ltd |
|
|
130,606 |
|
|
|
1,314 |
|
Orora Ltd |
|
|
2,269,436 |
|
|
|
4,028 |
|
Premier Investments Ltd |
|
|
30,909 |
|
|
|
499 |
|
Pro Medicus Ltd |
|
|
35,250 |
|
|
|
1,897 |
|
Qantas Airways Ltd * |
|
|
2,534,336 |
|
|
|
8,473 |
|
Rio Tinto PLC |
|
|
207,468 |
|
|
|
13,102 |
|
Rio Tinto PLC ADR |
|
|
130,750 |
|
|
|
8,321 |
|
Santos Ltd |
|
|
188,573 |
|
|
|
961 |
|
Seven Group Holdings Ltd |
|
|
44,940 |
|
|
|
904 |
|
Sonic Healthcare Ltd |
|
|
132,573 |
|
|
|
2,550 |
|
South32 Ltd |
|
|
1,211,425 |
|
|
|
2,651 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Super Retail Group Ltd |
|
|
92,810 |
|
|
$ |
718 |
|
Technology One Ltd |
|
|
123,506 |
|
|
|
1,236 |
|
Telstra Group Ltd |
|
|
175,223 |
|
|
|
435 |
|
Vicinity Centres ‡ |
|
|
550,000 |
|
|
|
602 |
|
Washington H Soul Pattinson |
|
|
86,065 |
|
|
|
1,810 |
|
Whitehaven Coal Ltd |
|
|
1,479,952 |
|
|
|
6,791 |
|
Woolworths Group Ltd |
|
|
124,649 |
|
|
|
3,002 |
|
|
|
|
|
|
|
|
100,904 |
|
|
|
|
|
|
|
|
|
|
Austria — 0.4% |
ANDRITZ AG |
|
|
44,869 |
|
|
|
2,272 |
|
Erste Group Bank AG |
|
|
98,710 |
|
|
|
3,430 |
|
OMV AG |
|
|
166,029 |
|
|
|
7,966 |
|
Raiffeisen Bank International AG |
|
|
39,393 |
|
|
|
576 |
|
Vienna Insurance Group AG Wiener Versicherung Gruppe |
|
|
5,873 |
|
|
|
164 |
|
Wienerberger AG |
|
|
2,047 |
|
|
|
52 |
|
|
|
|
|
|
|
|
14,460 |
|
|
|
|
|
|
|
|
|
|
Belgium — 0.3% |
Anheuser-Busch InBev SA/NV |
|
|
203,432 |
|
|
|
11,310 |
|
Lotus Bakeries |
|
|
94 |
|
|
|
765 |
|
|
|
|
|
|
|
|
12,075 |
|
|
|
|
|
|
|
|
|
|
Bermuda — 0.0% |
Conduit Holdings Ltd |
|
|
958 |
|
|
|
5 |
|
|
|
|
|
|
|
|
|
|
Brazil — 1.1% |
Ambev SA * |
|
|
9,464,400 |
|
|
|
24,809 |
|
Banco Bradesco SA ADR * |
|
|
1,667,850 |
|
|
|
4,753 |
|
Banco do Brasil SA |
|
|
948,200 |
|
|
|
8,951 |
|
MercadoLibre Inc * |
|
|
3,310 |
|
|
|
4,197 |
|
|
|
|
|
|
|
|
42,710 |
|
|
|
|
|
|
|
|
|
|
Canada — 1.6% |
AGF Management, Cl B |
|
|
20,400 |
|
|
|
108 |
|
Alimentation Couche-Tard Inc |
|
|
189,842 |
|
|
|
9,686 |
|
Black Diamond Group Ltd |
|
|
4,100 |
|
|
|
22 |
|
Canadian Pacific Kansas City |
|
|
258,199 |
|
|
|
19,240 |
|
Canfor Corp * |
|
|
87,567 |
|
|
|
1,093 |
|
Cascades Inc |
|
|
4,484 |
|
|
|
41 |
|
Celestica Inc * |
|
|
119,384 |
|
|
|
2,935 |
|
Coveo Solutions Inc * |
|
|
4,242 |
|
|
|
32 |
|
Dexterra Group Inc |
|
|
104 |
|
|
|
– |
|
Ensign Energy Services Inc * |
|
|
37,800 |
|
|
|
91 |
|
Exco Technologies Ltd |
|
|
9,200 |
|
|
|
51 |
|
iA Financial Corp Inc |
|
|
64,397 |
|
|
|
4,058 |
|
Magna International Inc, Cl A |
|
|
291,942 |
|
|
|
15,706 |
|
Martinrea International Inc |
|
|
88,935 |
|
|
|
823 |
|
MEG Energy Corp * |
|
|
104,300 |
|
|
|
2,039 |
|
Mullen Group Ltd |
|
|
53,775 |
|
|
|
534 |
|
Pason Systems Inc |
|
|
17,325 |
|
|
|
173 |
|
Thomson Reuters |
|
|
35,406 |
|
|
|
4,351 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Equity Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Torex Gold Resources Inc * |
|
|
7,008 |
|
|
$ |
73 |
|
|
|
|
|
|
|
|
61,056 |
|
|
|
|
|
|
|
|
|
|
China — 1.9% |
Agricultural Bank of China Ltd, Cl H |
|
|
746,000 |
|
|
|
277 |
|
Alibaba Group Holding Ltd * |
|
|
2,199,500 |
|
|
|
23,845 |
|
Autohome Inc ADR |
|
|
1,788 |
|
|
|
54 |
|
Beijing Capital International Airport Co Ltd, Cl H * |
|
|
4,888,000 |
|
|
|
2,260 |
|
China CITIC Bank Corp Ltd, Cl H |
|
|
1,518,126 |
|
|
|
704 |
|
China Construction Bank Corp, Cl H |
|
|
20,432,000 |
|
|
|
11,485 |
|
China Minsheng Banking, Cl H |
|
|
207,000 |
|
|
|
71 |
|
China Overseas Land & Investment Ltd |
|
|
3,361,000 |
|
|
|
6,944 |
|
China Pacific Insurance Group Co Ltd, Cl H |
|
|
528,000 |
|
|
|
1,314 |
|
Haier Smart Home Co Ltd, Cl H |
|
|
2,274,800 |
|
|
|
7,109 |
|
Lenovo Group Ltd |
|
|
24,000 |
|
|
|
25 |
|
MINISO Group Holding ADR |
|
|
10,995 |
|
|
|
285 |
|
New China Life Insurance Co Ltd, Cl H |
|
|
260,300 |
|
|
|
624 |
|
PetroChina Co Ltd, Cl H |
|
|
9,954,000 |
|
|
|
7,459 |
|
SITC International Holdings Co Ltd |
|
|
1,358,000 |
|
|
|
2,278 |
|
Tencent Holdings Ltd |
|
|
167,400 |
|
|
|
6,488 |
|
Vipshop Holdings Ltd ADR * |
|
|
80,091 |
|
|
|
1,282 |
|
Yangzijiang Shipbuilding Holdings Ltd |
|
|
183,700 |
|
|
|
224 |
|
|
|
|
|
|
|
|
72,728 |
|
|
|
|
|
|
|
|
|
|
Denmark — 3.2% |
AP Moller - Maersk A/S, Cl B |
|
|
5,853 |
|
|
|
10,583 |
|
Danske Bank A/S |
|
|
599,587 |
|
|
|
13,991 |
|
Demant A/S * |
|
|
41,884 |
|
|
|
1,740 |
|
DSV A/S |
|
|
73,996 |
|
|
|
13,857 |
|
Genmab A/S * |
|
|
22,224 |
|
|
|
7,914 |
|
Novo Nordisk, Cl B |
|
|
724,850 |
|
|
|
66,267 |
|
Pandora A/S |
|
|
43,488 |
|
|
|
4,517 |
|
ROCKWOOL A/S, Cl B |
|
|
1,480 |
|
|
|
360 |
|
Zealand Pharma, Cl A * |
|
|
18,921 |
|
|
|
822 |
|
|
|
|
|
|
|
|
120,051 |
|
|
|
|
|
|
|
|
|
|
Finland — 0.9% |
Kone Oyj, Cl B |
|
|
148,624 |
|
|
|
6,282 |
|
Nokia Oyj |
|
|
6,761,254 |
|
|
|
25,541 |
|
Nordea Bank Abp |
|
|
113,937 |
|
|
|
1,258 |
|
Orion Oyj, Cl B |
|
|
43,560 |
|
|
|
1,717 |
|
Puuilo |
|
|
4,370 |
|
|
|
37 |
|
Vaisala Oyj, Cl A |
|
|
564 |
|
|
|
20 |
|
Wartsila OYJ Abp, Cl B |
|
|
85,387 |
|
|
|
972 |
|
|
|
|
|
|
|
|
35,827 |
|
|
|
|
|
|
|
|
|
|
France — 9.6% |
Accor SA |
|
|
654,436 |
|
|
|
22,131 |
|
Air Liquide SA |
|
|
151,301 |
|
|
|
25,605 |
|
Alstom SA (A) |
|
|
676,617 |
|
|
|
16,190 |
|
Amundi SA |
|
|
453,454 |
|
|
|
25,613 |
|
AXA SA |
|
|
492,003 |
|
|
|
14,679 |
|
Beneteau SA |
|
|
30,414 |
|
|
|
369 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
BNP Paribas SA |
|
|
81,465 |
|
|
$ |
5,212 |
|
Bouygues SA |
|
|
313,483 |
|
|
|
10,999 |
|
Carrefour SA |
|
|
466,507 |
|
|
|
8,043 |
|
Christian Dior SE |
|
|
448 |
|
|
|
331 |
|
Cie de Saint-Gobain |
|
|
99,309 |
|
|
|
5,981 |
|
Cie Generale des Etablissements Michelin SCA |
|
|
994,527 |
|
|
|
30,609 |
|
Danone SA |
|
|
701,315 |
|
|
|
38,804 |
|
Dassault Aviation SA |
|
|
39,312 |
|
|
|
7,425 |
|
Hermes International |
|
|
12,610 |
|
|
|
23,094 |
|
Ipsen SA |
|
|
62,682 |
|
|
|
8,243 |
|
Jacquet Metals SACA |
|
|
5,998 |
|
|
|
102 |
|
Kering SA |
|
|
37,842 |
|
|
|
17,304 |
|
LVMH Moet Hennessy Louis Vuitton SE |
|
|
7,745 |
|
|
|
5,875 |
|
Orange SA |
|
|
884,670 |
|
|
|
10,172 |
|
Publicis Groupe SA |
|
|
213,792 |
|
|
|
16,243 |
|
Rexel SA |
|
|
1,652,809 |
|
|
|
37,273 |
|
Safran SA |
|
|
4,705 |
|
|
|
740 |
|
Savencia SA |
|
|
510 |
|
|
|
29 |
|
Sodexo SA |
|
|
152,841 |
|
|
|
15,781 |
|
Sopra Steria Group SACA |
|
|
537 |
|
|
|
111 |
|
Stef SA |
|
|
602 |
|
|
|
68 |
|
Technip Energies NV |
|
|
58,227 |
|
|
|
1,453 |
|
Thales SA |
|
|
11,269 |
|
|
|
1,588 |
|
Valeo |
|
|
325,577 |
|
|
|
5,629 |
|
Vinci SA |
|
|
76,225 |
|
|
|
8,476 |
|
Wendel SE |
|
|
3,315 |
|
|
|
263 |
|
|
|
|
|
|
|
|
364,435 |
|
|
|
|
|
|
|
|
|
|
Germany — 9.4% |
adidas AG |
|
|
80,076 |
|
|
|
14,126 |
|
Allianz SE |
|
|
65,145 |
|
|
|
15,567 |
|
BASF SE |
|
|
643,728 |
|
|
|
29,272 |
|
Bayer AG |
|
|
478,630 |
|
|
|
23,032 |
|
Bayerische Motoren Werke AG |
|
|
19,371 |
|
|
|
1,977 |
|
Beiersdorf AG |
|
|
10,382 |
|
|
|
1,343 |
|
Carl Zeiss Meditec AG |
|
|
8,200 |
|
|
|
719 |
|
Cewe Stiftung & Co KGAA |
|
|
1,443 |
|
|
|
135 |
|
Commerzbank AG |
|
|
42,027 |
|
|
|
480 |
|
Covestro AG * |
|
|
432,561 |
|
|
|
23,384 |
|
CTS Eventim AG & Co KGaA |
|
|
20,863 |
|
|
|
1,189 |
|
Daimler Truck Holding AG |
|
|
1,268,069 |
|
|
|
44,063 |
|
Deutsche Boerse AG |
|
|
37,537 |
|
|
|
6,506 |
|
Deutsche Lufthansa AG * |
|
|
719,264 |
|
|
|
5,716 |
|
Deutsche Telekom AG |
|
|
833,556 |
|
|
|
17,534 |
|
Deutz AG |
|
|
21,725 |
|
|
|
96 |
|
Duerr AG |
|
|
24,234 |
|
|
|
659 |
|
E.ON SE |
|
|
780,525 |
|
|
|
9,255 |
|
Evonik Industries AG |
|
|
625,315 |
|
|
|
11,470 |
|
Fresenius Medical Care AG & Co KGaA |
|
|
411,229 |
|
|
|
17,781 |
|
GEA Group AG |
|
|
1,749 |
|
|
|
65 |
|
Gerresheimer AG |
|
|
12,543 |
|
|
|
1,321 |
|
HeidelbergCement AG |
|
|
155,597 |
|
|
|
12,112 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
HOCHTIEF AG |
|
|
28,929 |
|
|
$ |
2,933 |
|
HUGO BOSS AG |
|
|
30,746 |
|
|
|
1,951 |
|
Infineon Technologies AG |
|
|
111,630 |
|
|
|
3,706 |
|
Kloeckner & Co SE |
|
|
9,107 |
|
|
|
66 |
|
Knorr-Bremse AG |
|
|
170,915 |
|
|
|
10,890 |
|
Krones AG |
|
|
5,055 |
|
|
|
522 |
|
LANXESS AG |
|
|
204,775 |
|
|
|
5,214 |
|
Mercedes-Benz Group AG |
|
|
28,574 |
|
|
|
1,993 |
|
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen |
|
|
17,760 |
|
|
|
6,940 |
|
Nemetschek SE |
|
|
907 |
|
|
|
56 |
|
PSI Software AG |
|
|
31 |
|
|
|
1 |
|
Rational AG |
|
|
945 |
|
|
|
600 |
|
RWE AG |
|
|
296,137 |
|
|
|
11,021 |
|
SAP SE |
|
|
474,343 |
|
|
|
61,682 |
|
Scout24 AG |
|
|
15,476 |
|
|
|
1,076 |
|
Siemens AG |
|
|
37,305 |
|
|
|
5,358 |
|
SMA Solar Technology AG * |
|
|
14,908 |
|
|
|
970 |
|
Stabilus SE |
|
|
4,070 |
|
|
|
228 |
|
thyssenkrupp AG |
|
|
260,955 |
|
|
|
1,996 |
|
Traton |
|
|
32,379 |
|
|
|
683 |
|
Vitesco Technologies Group AG * |
|
|
5,387 |
|
|
|
438 |
|
|
|
|
|
|
|
|
356,126 |
|
|
|
|
|
|
|
|
|
|
Greece — 0.0% |
National Bank of Greece SA * |
|
|
46,101 |
|
|
|
261 |
|
Piraeus Financial Holdings * |
|
|
101,276 |
|
|
|
301 |
|
|
|
|
|
|
|
|
562 |
|
|
|
|
|
|
|
|
|
|
Hong Kong — 1.2% |
AIA Group Ltd |
|
|
152,200 |
|
|
|
1,231 |
|
Cafe de Coral Holdings Ltd |
|
|
1,364 |
|
|
|
2 |
|
Chaoda Modern Agriculture Holdings Ltd * |
|
|
2,440,000 |
|
|
|
7 |
|
Futu Holdings ADR * |
|
|
30,269 |
|
|
|
1,750 |
|
Galaxy Entertainment Group Ltd * |
|
|
3,080,000 |
|
|
|
18,427 |
|
GigaCloud Technology, Cl A * |
|
|
2,091 |
|
|
|
18 |
|
Johnson Electric Holdings Ltd |
|
|
66,877 |
|
|
|
82 |
|
Melco Resorts & Entertainment Ltd ADR * |
|
|
44,046 |
|
|
|
436 |
|
MGM China Holdings Ltd * |
|
|
804,400 |
|
|
|
1,046 |
|
Prudential PLC |
|
|
1,831,605 |
|
|
|
19,870 |
|
Sands China Ltd * |
|
|
265,200 |
|
|
|
806 |
|
United Energy Group * |
|
|
8,140,000 |
|
|
|
1,192 |
|
|
|
|
|
|
|
|
44,867 |
|
|
|
|
|
|
|
|
|
|
Hungary — 0.2% |
MOL Hungarian Oil & Gas PLC |
|
|
49,088 |
|
|
|
374 |
|
OTP Bank Nyrt |
|
|
155,564 |
|
|
|
5,641 |
|
|
|
|
|
|
|
|
6,015 |
|
|
|
|
|
|
|
|
|
|
India — 0.2% |
Great Eastern Shipping Co Ltd/The |
|
|
18,529 |
|
|
|
189 |
|
ICICI Bank Ltd ADR |
|
|
253,218 |
|
|
|
5,854 |
|
|
|
|
|
|
|
|
6,043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Indonesia — 0.0% |
Adaro Energy Indonesia Tbk PT |
|
|
1,080,400 |
|
|
$ |
199 |
|
Delta Dunia Makmur Tbk PT |
|
|
6,958,800 |
|
|
|
222 |
|
Gudang Garam Tbk PT |
|
|
112,200 |
|
|
|
179 |
|
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT |
|
|
1,387,440 |
|
|
|
91 |
|
|
|
|
|
|
|
|
691 |
|
|
|
|
|
|
|
|
|
|
Ireland — 0.6% |
AerCap Holdings NV * |
|
|
9,259 |
|
|
|
580 |
|
Bank of Ireland Group PLC |
|
|
1,267,412 |
|
|
|
12,466 |
|
Cairn Homes PLC |
|
|
25,663 |
|
|
|
30 |
|
Ryanair Holdings PLC ADR * |
|
|
105,565 |
|
|
|
10,262 |
|
|
|
|
|
|
|
|
23,338 |
|
|
|
|
|
|
|
|
|
|
Israel — 0.7% |
Camtek * |
|
|
30,768 |
|
|
|
1,916 |
|
Check Point Software Technologies Ltd * |
|
|
92,036 |
|
|
|
12,267 |
|
Isracard Ltd |
|
|
– |
|
|
|
– |
|
Melisron |
|
|
7,930 |
|
|
|
497 |
|
Nice Ltd ADR * |
|
|
16,647 |
|
|
|
2,830 |
|
Nova * |
|
|
13,956 |
|
|
|
1,569 |
|
Perion Network Ltd * |
|
|
37,614 |
|
|
|
1,152 |
|
Plus500 Ltd |
|
|
73,919 |
|
|
|
1,242 |
|
Teva Pharmaceutical Industries Ltd ADR * |
|
|
105,739 |
|
|
|
1,079 |
|
Wix.com Ltd * |
|
|
46,192 |
|
|
|
4,240 |
|
|
|
|
|
|
|
|
26,792 |
|
|
|
|
|
|
|
|
|
|
Italy — 3.3% |
A2A SpA |
|
|
800,515 |
|
|
|
1,429 |
|
Assicurazioni Generali SpA |
|
|
69,886 |
|
|
|
1,433 |
|
Azimut Holding SpA |
|
|
7,259 |
|
|
|
159 |
|
Banca Mediolanum SpA |
|
|
134,052 |
|
|
|
1,150 |
|
Banco BPM |
|
|
112,942 |
|
|
|
542 |
|
BPER Banca |
|
|
178,513 |
|
|
|
547 |
|
Brunello Cucinelli SpA |
|
|
10,630 |
|
|
|
811 |
|
Buzzi SpA |
|
|
68,424 |
|
|
|
1,878 |
|
Coca-Cola HBC AG |
|
|
123,159 |
|
|
|
3,381 |
|
Danieli & C Officine Meccaniche SpA |
|
|
3,674 |
|
|
|
77 |
|
Enel SpA |
|
|
7,056,194 |
|
|
|
43,480 |
|
Eni SpA |
|
|
383,427 |
|
|
|
6,193 |
|
Ferrari NV |
|
|
36,977 |
|
|
|
10,950 |
|
Infrastrutture Wireless Italiane SpA |
|
|
87,031 |
|
|
|
1,038 |
|
Intesa Sanpaolo SpA |
|
|
2,074,076 |
|
|
|
5,358 |
|
Iveco Group NV * |
|
|
36,933 |
|
|
|
346 |
|
Leonardo SpA |
|
|
301,658 |
|
|
|
4,363 |
|
Piaggio & C SpA |
|
|
20,238 |
|
|
|
65 |
|
PRADA SpA |
|
|
131,600 |
|
|
|
771 |
|
Recordati Industria Chimica e Farmaceutica SpA |
|
|
18,849 |
|
|
|
892 |
|
Saipem * |
|
|
448,305 |
|
|
|
686 |
|
Stellantis NV |
|
|
693,770 |
|
|
|
13,376 |
|
Telecom Italia SpA/Milano * |
|
|
1,453,356 |
|
|
|
456 |
|
Terna - Rete Elettrica Nazionale |
|
|
173,127 |
|
|
|
1,306 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Equity Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
UniCredit SpA |
|
|
1,077,516 |
|
|
$ |
25,931 |
|
|
|
|
|
|
|
|
126,618 |
|
|
|
|
|
|
|
|
|
|
Japan — 15.0% |
77 Bank Ltd/The |
|
|
64,664 |
|
|
|
1,374 |
|
A&D HOLON Holdings Co Ltd |
|
|
18,000 |
|
|
|
205 |
|
Advance Residence Investment ‡ |
|
|
452 |
|
|
|
1,027 |
|
Advantest Corp |
|
|
142,400 |
|
|
|
3,990 |
|
AEON Financial Service Co Ltd |
|
|
123,900 |
|
|
|
1,070 |
|
Aisan Industry Co Ltd |
|
|
29,600 |
|
|
|
265 |
|
ANA Holdings Inc * |
|
|
320,600 |
|
|
|
6,731 |
|
Anest Iwata Corp |
|
|
4,800 |
|
|
|
38 |
|
Anritsu Corp |
|
|
85,000 |
|
|
|
608 |
|
AOKI Holdings Inc |
|
|
5,200 |
|
|
|
35 |
|
Arcs Co Ltd |
|
|
12,400 |
|
|
|
226 |
|
Asahi Group Holdings Ltd |
|
|
208,400 |
|
|
|
7,807 |
|
Asia Pile Holdings Corp |
|
|
6,900 |
|
|
|
32 |
|
Asics |
|
|
11,300 |
|
|
|
396 |
|
Ateam Inc |
|
|
5,700 |
|
|
|
23 |
|
Avant Group Corp |
|
|
2,800 |
|
|
|
24 |
|
Axial Retailing Inc |
|
|
4,900 |
|
|
|
123 |
|
Bandai Namco Holdings Inc |
|
|
218,100 |
|
|
|
4,446 |
|
Bank of Iwate Ltd/The |
|
|
7,300 |
|
|
|
128 |
|
Bank of Kyoto Ltd/The |
|
|
14,700 |
|
|
|
838 |
|
Bank of Saga Ltd/The |
|
|
2,900 |
|
|
|
40 |
|
baudroie inc * |
|
|
1,200 |
|
|
|
43 |
|
Bewith |
|
|
1,900 |
|
|
|
31 |
|
BIPROGY Inc |
|
|
173,700 |
|
|
|
4,346 |
|
Bridgestone Corp |
|
|
186,600 |
|
|
|
7,289 |
|
Business Brain Showa-Ota Inc |
|
|
2,600 |
|
|
|
38 |
|
Business Engineering Corp |
|
|
1,200 |
|
|
|
26 |
|
Canon Marketing Japan Inc |
|
|
84,200 |
|
|
|
2,188 |
|
Capcom Co Ltd |
|
|
126,500 |
|
|
|
4,565 |
|
Carlit Holdings Co Ltd |
|
|
5,800 |
|
|
|
37 |
|
Central Security Patrols |
|
|
1,500 |
|
|
|
31 |
|
Chiba Kogyo Bank Ltd/The |
|
|
6,100 |
|
|
|
36 |
|
Chino Corp |
|
|
2,700 |
|
|
|
37 |
|
Chiyoda * |
|
|
64,300 |
|
|
|
163 |
|
Chori Co Ltd |
|
|
3,000 |
|
|
|
60 |
|
COLOPL Inc * |
|
|
9,800 |
|
|
|
39 |
|
Comforia Residential REIT ‡ |
|
|
278 |
|
|
|
618 |
|
Copro-Holdings |
|
|
3,400 |
|
|
|
28 |
|
Cosel Co Ltd |
|
|
2,600 |
|
|
|
22 |
|
CyberAgent Inc |
|
|
58,100 |
|
|
|
314 |
|
Cybernet Systems |
|
|
3,800 |
|
|
|
20 |
|
Cybozu |
|
|
5,800 |
|
|
|
79 |
|
Dai-Ichi Cutter Kogyo |
|
|
3,200 |
|
|
|
28 |
|
Dai-ichi Life Holdings Inc |
|
|
16,500 |
|
|
|
342 |
|
Dainichiseika Color & Chemicals Manufacturing Co Ltd |
|
|
3,200 |
|
|
|
49 |
|
Daitron Co Ltd |
|
|
1,400 |
|
|
|
28 |
|
Daiwa House Industry Co Ltd |
|
|
88,500 |
|
|
|
2,381 |
|
Daiwa Securities Group Inc |
|
|
750,000 |
|
|
|
4,338 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Densan System Holdings |
|
|
1,500 |
|
|
$ |
29 |
|
Denso Corp |
|
|
246,000 |
|
|
|
3,958 |
|
Dentsu Group Inc |
|
|
16,200 |
|
|
|
478 |
|
Digital Arts Inc |
|
|
4,800 |
|
|
|
149 |
|
Digital Hearts Holdings |
|
|
3,300 |
|
|
|
22 |
|
dip |
|
|
5,300 |
|
|
|
131 |
|
Disco Corp |
|
|
800 |
|
|
|
148 |
|
East Japan Railway Co |
|
|
37,400 |
|
|
|
2,144 |
|
Eiken Chemical Co Ltd |
|
|
12,500 |
|
|
|
114 |
|
Elecom Co Ltd |
|
|
5,800 |
|
|
|
68 |
|
en Japan Inc |
|
|
77,800 |
|
|
|
1,214 |
|
Entrust |
|
|
5,500 |
|
|
|
35 |
|
ERI Holdings |
|
|
4,300 |
|
|
|
57 |
|
eSOL |
|
|
1,900 |
|
|
|
9 |
|
Exedy Corp |
|
|
4,300 |
|
|
|
75 |
|
Ezaki Glico |
|
|
16,200 |
|
|
|
446 |
|
FANUC Corp * |
|
|
581,600 |
|
|
|
15,173 |
|
Fibergate |
|
|
5,900 |
|
|
|
53 |
|
Forum Engineering Inc |
|
|
4,300 |
|
|
|
38 |
|
Fuji Corp/Aichi |
|
|
12,100 |
|
|
|
188 |
|
Fuji Electric Co Ltd |
|
|
68,300 |
|
|
|
3,088 |
|
Fuji Kosan |
|
|
4,100 |
|
|
|
49 |
|
FUJIFILM Holdings Corp |
|
|
85,100 |
|
|
|
4,937 |
|
Fujimori Kogyo |
|
|
1,000 |
|
|
|
25 |
|
Fujitsu Ltd |
|
|
58,000 |
|
|
|
6,841 |
|
Fukuoka Financial Group Inc |
|
|
345,300 |
|
|
|
8,282 |
|
Fukuyama Transporting |
|
|
2,400 |
|
|
|
63 |
|
Furyu Corp |
|
|
15,300 |
|
|
|
158 |
|
Futaba Industrial Co Ltd |
|
|
21,600 |
|
|
|
111 |
|
Future |
|
|
12,000 |
|
|
|
121 |
|
Gakken Holdings Co Ltd |
|
|
6,700 |
|
|
|
39 |
|
Gakujo Co Ltd |
|
|
2,200 |
|
|
|
30 |
|
Gecoss |
|
|
4,100 |
|
|
|
27 |
|
Glory Ltd |
|
|
5,100 |
|
|
|
102 |
|
GungHo Online Entertainment Inc * |
|
|
45,900 |
|
|
|
726 |
|
Gunma Bank |
|
|
199,800 |
|
|
|
934 |
|
Gunze Ltd |
|
|
1,900 |
|
|
|
57 |
|
H2O Retailing Corp |
|
|
43,100 |
|
|
|
524 |
|
Hanwa |
|
|
3,300 |
|
|
|
105 |
|
Heiwa Corp |
|
|
46,100 |
|
|
|
663 |
|
Hikari Tsushin Inc |
|
|
8,300 |
|
|
|
1,267 |
|
Hisamitsu Pharmaceutical Co Inc |
|
|
3,400 |
|
|
|
124 |
|
Hitachi Ltd |
|
|
4,700 |
|
|
|
292 |
|
Hito Communications Holdings Inc |
|
|
5,800 |
|
|
|
56 |
|
Hodogaya Chemical Co Ltd |
|
|
700 |
|
|
|
15 |
|
Hokuriku Electric Power * |
|
|
122,100 |
|
|
|
659 |
|
Honda Motor Co Ltd |
|
|
266,400 |
|
|
|
3,003 |
|
Horiba Ltd |
|
|
12,400 |
|
|
|
673 |
|
Hulic Co Ltd |
|
|
184,200 |
|
|
|
1,655 |
|
Ichikoh Industries Ltd |
|
|
7,800 |
|
|
|
30 |
|
IG Port |
|
|
1,000 |
|
|
|
28 |
|
Iida Group Holdings Co Ltd |
|
|
240,900 |
|
|
|
4,014 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
I'll |
|
|
2,400 |
|
|
$ |
62 |
|
INFRONEER Holdings |
|
|
76,900 |
|
|
|
798 |
|
Inpex Corp |
|
|
249,300 |
|
|
|
3,769 |
|
Intelligent Wave Inc |
|
|
7,400 |
|
|
|
46 |
|
Invincible Investment Corp ‡ |
|
|
4,720 |
|
|
|
1,955 |
|
I-PEX Inc |
|
|
19,400 |
|
|
|
207 |
|
IR Japan Holdings Ltd |
|
|
4,600 |
|
|
|
54 |
|
Isetan Mitsukoshi Holdings |
|
|
47,800 |
|
|
|
555 |
|
Isuzu Motors Ltd |
|
|
736,000 |
|
|
|
9,275 |
|
ITmedia |
|
|
4,900 |
|
|
|
38 |
|
Ito En |
|
|
47,000 |
|
|
|
1,515 |
|
ITOCHU Corp |
|
|
190,400 |
|
|
|
6,898 |
|
Iwaki Co Ltd |
|
|
3,800 |
|
|
|
45 |
|
Iwatani |
|
|
27,900 |
|
|
|
1,409 |
|
J Front Retailing |
|
|
119,600 |
|
|
|
1,225 |
|
JAC Recruitment Co Ltd |
|
|
8,800 |
|
|
|
150 |
|
Japan Airport Terminal Co Ltd |
|
|
21,900 |
|
|
|
930 |
|
Japan Best Rescue System |
|
|
5,600 |
|
|
|
27 |
|
Japan Electronic Materials Corp |
|
|
12,400 |
|
|
|
114 |
|
Japan Exchange Group Inc |
|
|
72,900 |
|
|
|
1,355 |
|
Japan Lifeline Co Ltd |
|
|
19,200 |
|
|
|
150 |
|
Japan Medical Dynamic Marketing |
|
|
26,400 |
|
|
|
133 |
|
Japan Post Insurance Co Ltd |
|
|
341,400 |
|
|
|
5,766 |
|
Japan Transcity |
|
|
4,500 |
|
|
|
20 |
|
JCU Corp |
|
|
3,900 |
|
|
|
81 |
|
Jeol Ltd |
|
|
47,300 |
|
|
|
1,413 |
|
JK Holdings |
|
|
3,700 |
|
|
|
24 |
|
J-Stream Inc |
|
|
2,900 |
|
|
|
10 |
|
JTEKT Corp |
|
|
13,500 |
|
|
|
128 |
|
Justsystems Corp |
|
|
10,000 |
|
|
|
201 |
|
JVCKenwood Corp |
|
|
26,100 |
|
|
|
119 |
|
Kakaku.com Inc |
|
|
33,100 |
|
|
|
336 |
|
Kamigumi Co Ltd |
|
|
48,000 |
|
|
|
991 |
|
Kanaden |
|
|
3,100 |
|
|
|
27 |
|
Kao Corp |
|
|
314,500 |
|
|
|
11,699 |
|
Kato Works |
|
|
3,500 |
|
|
|
28 |
|
KAWADA TECHNOLOGIES Inc |
|
|
1,000 |
|
|
|
42 |
|
Kawasaki Heavy Industries Ltd |
|
|
24,700 |
|
|
|
599 |
|
Kawasaki Kisen Kaisha (A) |
|
|
150,600 |
|
|
|
5,151 |
|
KDDI Corp |
|
|
171,300 |
|
|
|
5,254 |
|
Keikyu Corp |
|
|
55,300 |
|
|
|
471 |
|
Kenedix Residential Next Investment *‡ |
|
|
452 |
|
|
|
692 |
|
Kenko Mayonnaise Co Ltd |
|
|
12,200 |
|
|
|
119 |
|
Keyence Corp |
|
|
28,500 |
|
|
|
10,600 |
|
Kimura Unity Co Ltd |
|
|
6,200 |
|
|
|
57 |
|
Koike Sanso Kogyo |
|
|
1,300 |
|
|
|
33 |
|
Kokuyo Co Ltd |
|
|
185,700 |
|
|
|
2,951 |
|
Komatsu Ltd |
|
|
1,139,300 |
|
|
|
30,867 |
|
Komori Corp |
|
|
12,000 |
|
|
|
85 |
|
Konica Minolta Inc |
|
|
456,300 |
|
|
|
1,488 |
|
Konoike Transport Co Ltd |
|
|
2,500 |
|
|
|
32 |
|
Kotobuki Spirits Co Ltd |
|
|
96,500 |
|
|
|
1,563 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Kubota Corp |
|
|
31,100 |
|
|
$ |
459 |
|
Kureha Corp |
|
|
10,600 |
|
|
|
591 |
|
Kusuri no Aoki Holdings |
|
|
9,000 |
|
|
|
522 |
|
Lawson Inc |
|
|
72,200 |
|
|
|
3,325 |
|
Lifedrink Co Inc |
|
|
4,200 |
|
|
|
106 |
|
M&A Capital Partners |
|
|
4,000 |
|
|
|
72 |
|
Macnica Holdings Inc |
|
|
40,500 |
|
|
|
1,908 |
|
Makita Corp |
|
|
446,700 |
|
|
|
11,052 |
|
Maruwa Co Ltd/Aichi |
|
|
8,800 |
|
|
|
1,385 |
|
Maruzen Showa Unyu Co Ltd |
|
|
3,400 |
|
|
|
86 |
|
Matching Service Japan |
|
|
7,000 |
|
|
|
53 |
|
Mazda Motor Corp |
|
|
710,100 |
|
|
|
8,073 |
|
MCJ Co Ltd |
|
|
4,200 |
|
|
|
32 |
|
Medical System Network Co Ltd, Cl A |
|
|
12,800 |
|
|
|
35 |
|
Medipal Holdings Corp |
|
|
83,900 |
|
|
|
1,421 |
|
Megachips Corp * |
|
|
7,800 |
|
|
|
218 |
|
Megmilk Snow Brand Co Ltd |
|
|
25,400 |
|
|
|
390 |
|
Meidensha Corp |
|
|
13,300 |
|
|
|
200 |
|
MEITEC Group Holdings |
|
|
6,700 |
|
|
|
121 |
|
Menicon |
|
|
18,400 |
|
|
|
237 |
|
Micronics Japan Co Ltd |
|
|
21,100 |
|
|
|
300 |
|
Mimasu Semiconductor Industry Co Ltd |
|
|
17,000 |
|
|
|
317 |
|
MINEBEA MITSUMI Inc |
|
|
885,700 |
|
|
|
14,491 |
|
Mitsubishi Electric Corp |
|
|
860,900 |
|
|
|
10,667 |
|
Mitsubishi Heavy Industries Ltd |
|
|
37,500 |
|
|
|
2,097 |
|
Mitsubishi Shokuhin Co Ltd |
|
|
15,200 |
|
|
|
397 |
|
Mitsui Fudosan Logistics Park ‡ |
|
|
248 |
|
|
|
783 |
|
Mitsui OSK Lines Ltd (A) |
|
|
40,000 |
|
|
|
1,102 |
|
MIXI Inc |
|
|
70,200 |
|
|
|
1,115 |
|
Mizuho Financial Group Inc |
|
|
274,900 |
|
|
|
4,681 |
|
Mizuno Corp |
|
|
48,400 |
|
|
|
1,537 |
|
Morito Co Ltd |
|
|
4,300 |
|
|
|
39 |
|
Mory Industries |
|
|
700 |
|
|
|
19 |
|
MS&AD Insurance Group Holdings Inc |
|
|
171,200 |
|
|
|
6,304 |
|
Murata Manufacturing Co Ltd |
|
|
1,010,700 |
|
|
|
18,517 |
|
Nagoya Railroad Co Ltd |
|
|
56,700 |
|
|
|
839 |
|
Naigai Trans Line Ltd |
|
|
5,300 |
|
|
|
90 |
|
NEC Corp |
|
|
163,100 |
|
|
|
9,029 |
|
NEOJAPAN Inc |
|
|
5,700 |
|
|
|
39 |
|
NET One Systems Co Ltd |
|
|
7,000 |
|
|
|
133 |
|
Nexon Co Ltd |
|
|
39,000 |
|
|
|
699 |
|
Nichiban |
|
|
2,000 |
|
|
|
25 |
|
Nichirei Corp |
|
|
62,500 |
|
|
|
1,376 |
|
Nifco Inc/Japan |
|
|
29,200 |
|
|
|
757 |
|
Nihon Chouzai Co Ltd |
|
|
12,400 |
|
|
|
123 |
|
Nihon Denkei Co Ltd |
|
|
4,400 |
|
|
|
61 |
|
Nihon Flush |
|
|
4,100 |
|
|
|
24 |
|
Nihon Trim Co Ltd |
|
|
5,200 |
|
|
|
106 |
|
Nintendo Co Ltd |
|
|
70,400 |
|
|
|
2,939 |
|
Nippon Concept Corp |
|
|
4,100 |
|
|
|
49 |
|
Nippon Seisen Co Ltd |
|
|
1,400 |
|
|
|
45 |
|
Nippon Shinyaku Co Ltd |
|
|
26,900 |
|
|
|
1,141 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Equity Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Nippon Shokubai Co Ltd |
|
|
2,500 |
|
|
$ |
91 |
|
Nippon Steel Corp |
|
|
70,400 |
|
|
|
1,654 |
|
Nippon Thompson Co Ltd |
|
|
13,600 |
|
|
|
50 |
|
Nippon Yusen KK |
|
|
110,600 |
|
|
|
2,880 |
|
Nipro |
|
|
64,000 |
|
|
|
519 |
|
Nissan Motor Co Ltd * |
|
|
917,800 |
|
|
|
4,061 |
|
Nisshinbo Holdings Inc |
|
|
88,600 |
|
|
|
660 |
|
Nissin Corp |
|
|
2,200 |
|
|
|
39 |
|
Nissin Foods Holdings Co Ltd |
|
|
33,300 |
|
|
|
2,773 |
|
Nisso Corp |
|
|
3,900 |
|
|
|
20 |
|
Nissui Corp |
|
|
251,200 |
|
|
|
1,232 |
|
Nitto Kohki Co Ltd |
|
|
2,200 |
|
|
|
29 |
|
Nittoc Construction Co Ltd |
|
|
10,000 |
|
|
|
73 |
|
Noda Corp |
|
|
2,900 |
|
|
|
27 |
|
North Pacific Bank Ltd |
|
|
97,500 |
|
|
|
236 |
|
Obara Group Inc |
|
|
5,000 |
|
|
|
129 |
|
OBIC Business Consultants Co Ltd |
|
|
5,000 |
|
|
|
208 |
|
Obic Co Ltd |
|
|
22,300 |
|
|
|
3,390 |
|
Okabe Co Ltd |
|
|
8,200 |
|
|
|
41 |
|
Okuwa Co Ltd |
|
|
77,900 |
|
|
|
454 |
|
Ono Pharmaceutical Co Ltd |
|
|
328,900 |
|
|
|
6,321 |
|
Onward Holdings Co Ltd |
|
|
83,900 |
|
|
|
293 |
|
Open House Group Co Ltd |
|
|
41,100 |
|
|
|
1,397 |
|
Optim Corp * |
|
|
7,100 |
|
|
|
41 |
|
Optorun Co Ltd |
|
|
31,300 |
|
|
|
386 |
|
Oracle Corp Japan * |
|
|
27,500 |
|
|
|
2,046 |
|
Oriental Land Co Ltd/Japan |
|
|
253,100 |
|
|
|
8,326 |
|
Orix JREIT Inc ‡ |
|
|
742 |
|
|
|
892 |
|
Oro Co Ltd |
|
|
2,100 |
|
|
|
30 |
|
Otsuka Corp |
|
|
114,600 |
|
|
|
4,863 |
|
Panasonic Holdings Corp |
|
|
144,900 |
|
|
|
1,633 |
|
Pegasus Co Ltd |
|
|
8,800 |
|
|
|
36 |
|
Persol Holdings Co Ltd |
|
|
1,636,000 |
|
|
|
2,668 |
|
Pickles Holdings Co Ltd |
|
|
6,100 |
|
|
|
54 |
|
Pigeon Corp |
|
|
36,200 |
|
|
|
410 |
|
Pola Orbis Holdings Inc |
|
|
86,400 |
|
|
|
1,040 |
|
PR Times * |
|
|
6,000 |
|
|
|
70 |
|
Pronexus Inc |
|
|
3,300 |
|
|
|
26 |
|
Proto Corp |
|
|
4,400 |
|
|
|
36 |
|
QB Net Holdings Co Ltd |
|
|
2,400 |
|
|
|
26 |
|
Qol Holdings Co Ltd |
|
|
20,400 |
|
|
|
254 |
|
Rakus |
|
|
7,900 |
|
|
|
109 |
|
Recruit Holdings Co Ltd |
|
|
76,800 |
|
|
|
2,372 |
|
Resona Holdings Inc |
|
|
2,936,400 |
|
|
|
16,299 |
|
Ricoh Co Ltd |
|
|
145,500 |
|
|
|
1,258 |
|
Ride On Express Holdings Co Ltd |
|
|
6,000 |
|
|
|
42 |
|
Riken Technos Corp |
|
|
7,100 |
|
|
|
34 |
|
Riken Vitamin Co Ltd |
|
|
9,500 |
|
|
|
141 |
|
Riso Kagaku Corp |
|
|
2,300 |
|
|
|
36 |
|
Rohto Pharmaceutical Co Ltd |
|
|
95,100 |
|
|
|
2,584 |
|
RS Technologies Co Ltd * |
|
|
1,600 |
|
|
|
31 |
|
Ryobi |
|
|
8,200 |
|
|
|
167 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Ryohin Keikaku Co Ltd |
|
|
31,600 |
|
|
$ |
410 |
|
Sakai Chemical Industry Co Ltd |
|
|
1,800 |
|
|
|
25 |
|
Sakai Heavy Industries Ltd |
|
|
1,000 |
|
|
|
36 |
|
Sakai Moving Service Co Ltd |
|
|
4,600 |
|
|
|
77 |
|
Sakata INX |
|
|
8,000 |
|
|
|
69 |
|
Sangetsu Corp |
|
|
48,600 |
|
|
|
949 |
|
Sanken Electric Co Ltd |
|
|
4,000 |
|
|
|
243 |
|
Sankyo Co Ltd |
|
|
125,700 |
|
|
|
5,773 |
|
Santen Pharmaceutical Co Ltd |
|
|
392,900 |
|
|
|
3,616 |
|
Sanwa Holdings Corp |
|
|
254,000 |
|
|
|
3,384 |
|
Sanyo Shokai Ltd |
|
|
13,700 |
|
|
|
183 |
|
Sato Holdings Corp |
|
|
7,000 |
|
|
|
99 |
|
Sawai Group Holdings |
|
|
10,000 |
|
|
|
307 |
|
SB Technology |
|
|
2,800 |
|
|
|
42 |
|
SCREEN Holdings Co Ltd |
|
|
59,600 |
|
|
|
2,908 |
|
Seiko Epson Corp (A) |
|
|
91,500 |
|
|
|
1,441 |
|
Seino Holdings Co Ltd |
|
|
9,200 |
|
|
|
129 |
|
Sekisui Kasei |
|
|
8,300 |
|
|
|
26 |
|
SERAKU Co Ltd |
|
|
3,000 |
|
|
|
26 |
|
Seven & i Holdings Co Ltd |
|
|
282,900 |
|
|
|
11,100 |
|
Shibuya Corp |
|
|
2,900 |
|
|
|
49 |
|
SHIFT * |
|
|
8,300 |
|
|
|
1,519 |
|
Shikoku Electric Power |
|
|
101,800 |
|
|
|
698 |
|
Shimamura Co Ltd |
|
|
15,900 |
|
|
|
1,574 |
|
Shimojima Co Ltd |
|
|
3,100 |
|
|
|
24 |
|
Shindengen Electric Manufacturing Co Ltd |
|
|
10,600 |
|
|
|
217 |
|
Shinnihon Corp |
|
|
3,900 |
|
|
|
32 |
|
Shinnihonseiyaku Co Ltd |
|
|
2,300 |
|
|
|
24 |
|
Shizuoka Financial Group |
|
|
75,000 |
|
|
|
613 |
|
Shofu Inc |
|
|
6,300 |
|
|
|
91 |
|
Siix |
|
|
2,400 |
|
|
|
24 |
|
Sinfonia Technology Co Ltd |
|
|
4,200 |
|
|
|
45 |
|
SKY Perfect JSAT Holdings |
|
|
13,800 |
|
|
|
65 |
|
SMK Corp |
|
|
1,300 |
|
|
|
22 |
|
SMS Co Ltd * |
|
|
13,900 |
|
|
|
237 |
|
Solasto |
|
|
27,500 |
|
|
|
114 |
|
Soliton Systems KK |
|
|
5,500 |
|
|
|
42 |
|
Sotetsu Holdings |
|
|
29,500 |
|
|
|
581 |
|
Step Co Ltd |
|
|
1,900 |
|
|
|
22 |
|
Strike Co Ltd |
|
|
800 |
|
|
|
18 |
|
Subaru Corp |
|
|
1,558,300 |
|
|
|
30,346 |
|
Sumitomo Bakelite |
|
|
11,700 |
|
|
|
511 |
|
Sumitomo Forestry Co Ltd |
|
|
26,400 |
|
|
|
673 |
|
Sumitomo Mitsui Financial Group Inc |
|
|
248,300 |
|
|
|
12,225 |
|
Sumitomo Pharma Co Ltd * |
|
|
76,500 |
|
|
|
275 |
|
Sun* * |
|
|
8,300 |
|
|
|
79 |
|
Sun-Wa Technos Corp |
|
|
2,600 |
|
|
|
37 |
|
Suzuken Co Ltd/Aichi Japan |
|
|
26,600 |
|
|
|
824 |
|
Suzuki Motor Corp |
|
|
28,800 |
|
|
|
1,161 |
|
System Research |
|
|
1,400 |
|
|
|
27 |
|
T&D Holdings Inc |
|
|
348,000 |
|
|
|
5,755 |
|
Taihei Dengyo Kaisha Ltd |
|
|
800 |
|
|
|
22 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Taisho Pharmaceutical Holdings Co Ltd |
|
|
23,400 |
|
|
$ |
966 |
|
Taiyo Nippon Sanso Corp |
|
|
68,100 |
|
|
|
1,618 |
|
Takara & Co Ltd |
|
|
2,600 |
|
|
|
43 |
|
Takara Holdings Inc |
|
|
5,700 |
|
|
|
46 |
|
Takeda Pharmaceutical Co Ltd |
|
|
779,100 |
|
|
|
24,231 |
|
Takeuchi Manufacturing |
|
|
2,000 |
|
|
|
66 |
|
Takuma Co Ltd |
|
|
4,300 |
|
|
|
45 |
|
TechMatrix Corp |
|
|
12,700 |
|
|
|
135 |
|
Techno Quartz Inc |
|
|
1,200 |
|
|
|
32 |
|
Teijin Ltd |
|
|
70,800 |
|
|
|
689 |
|
Temairazu Inc |
|
|
6,600 |
|
|
|
112 |
|
Tera Probe Inc |
|
|
2,447 |
|
|
|
69 |
|
TIS Inc |
|
|
48,200 |
|
|
|
1,064 |
|
Tocalo Co Ltd |
|
|
4,500 |
|
|
|
41 |
|
Tochigi Bank Ltd/The |
|
|
12,400 |
|
|
|
27 |
|
Toho Co Ltd/Kobe |
|
|
2,700 |
|
|
|
61 |
|
Tohoku Electric Power Co Inc |
|
|
116,500 |
|
|
|
755 |
|
Tokai Carbon |
|
|
215,700 |
|
|
|
1,693 |
|
Tokyo Seimitsu Co Ltd |
|
|
59,200 |
|
|
|
2,971 |
|
Tokyu Corp |
|
|
62,000 |
|
|
|
716 |
|
Tomy Co Ltd |
|
|
61,400 |
|
|
|
890 |
|
Tonami Holdings Co Ltd |
|
|
800 |
|
|
|
25 |
|
Toray Industries Inc |
|
|
3,079,100 |
|
|
|
16,053 |
|
TOTO Ltd |
|
|
26,400 |
|
|
|
683 |
|
Toyo Engineering Corp * |
|
|
26,300 |
|
|
|
121 |
|
Toyo Kanetsu |
|
|
2,300 |
|
|
|
52 |
|
Transcosmos Inc * |
|
|
5,100 |
|
|
|
109 |
|
Trend Micro Inc/Japan * |
|
|
51,600 |
|
|
|
1,960 |
|
Trusco Nakayama Corp |
|
|
14,500 |
|
|
|
238 |
|
Tsubakimoto Chain Co |
|
|
8,600 |
|
|
|
223 |
|
Tsubakimoto Kogyo |
|
|
700 |
|
|
|
23 |
|
TYK Corp/Tokyo |
|
|
11,000 |
|
|
|
25 |
|
United Arrows Ltd |
|
|
13,700 |
|
|
|
180 |
|
V Technology Co Ltd |
|
|
4,600 |
|
|
|
64 |
|
Valor Holdings Co Ltd |
|
|
8,900 |
|
|
|
130 |
|
ValueCommerce Co Ltd |
|
|
25,300 |
|
|
|
216 |
|
VINX Corp |
|
|
2,300 |
|
|
|
20 |
|
Vision * |
|
|
13,600 |
|
|
|
138 |
|
Visional Inc * |
|
|
15,000 |
|
|
|
758 |
|
Vital KSK Holdings |
|
|
5,500 |
|
|
|
37 |
|
Warabeya Nichiyo Holdings Co Ltd |
|
|
25,400 |
|
|
|
481 |
|
Waseda Academy Co Ltd |
|
|
3,100 |
|
|
|
30 |
|
WingArc1st Inc |
|
|
12,700 |
|
|
|
217 |
|
Xebio Holdings Co Ltd |
|
|
7,200 |
|
|
|
48 |
|
Yamae Group Holdings Co Ltd |
|
|
2,800 |
|
|
|
69 |
|
Yamaha Motor Co Ltd |
|
|
132,200 |
|
|
|
3,483 |
|
Yamaichi Electronics Co Ltd |
|
|
6,300 |
|
|
|
73 |
|
Yamato Kogyo |
|
|
20,700 |
|
|
|
991 |
|
Yamazaki Baking Co Ltd |
|
|
32,700 |
|
|
|
602 |
|
Yamazen Corp |
|
|
10,200 |
|
|
|
80 |
|
Yokowo Co Ltd |
|
|
7,900 |
|
|
|
83 |
|
Yorozu Corp |
|
|
5,500 |
|
|
|
35 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Yoshinoya Holdings |
|
|
25,300 |
|
|
$ |
477 |
|
Yossix Holdings Co Ltd |
|
|
4,600 |
|
|
|
85 |
|
Zenkoku Hosho |
|
|
5,100 |
|
|
|
168 |
|
Zeon |
|
|
109,100 |
|
|
|
1,143 |
|
ZERIA Pharmaceutical |
|
|
1,600 |
|
|
|
24 |
|
ZIGExN Co Ltd |
|
|
12,900 |
|
|
|
45 |
|
Zuken Inc |
|
|
5,000 |
|
|
|
121 |
|
|
|
|
|
|
|
|
568,369 |
|
|
|
|
|
|
|
|
|
|
Luxembourg — 0.5% |
ArcelorMittal SA |
|
|
727,508 |
|
|
|
18,312 |
|
L'Occitane International |
|
|
153,500 |
|
|
|
458 |
|
|
|
|
|
|
|
|
18,770 |
|
|
|
|
|
|
|
|
|
|
Malaysia — 0.0% |
Genting Plantations Bhd |
|
|
31,100 |
|
|
|
36 |
|
Taliworks Corp Bhd |
|
|
143,900 |
|
|
|
24 |
|
|
|
|
|
|
|
|
60 |
|
|
|
|
|
|
|
|
|
|
Mexico — 0.0% |
Grupo Herdez SAB de CV |
|
|
27,929 |
|
|
|
65 |
|
|
|
|
|
|
|
|
|
|
Netherlands — 6.9% |
ABN AMRO Bank NV |
|
|
192,300 |
|
|
|
2,736 |
|
Adyen NV * |
|
|
6,361 |
|
|
|
4,753 |
|
Akzo Nobel NV |
|
|
237,223 |
|
|
|
17,199 |
|
ASM International NV |
|
|
14,162 |
|
|
|
5,960 |
|
ASML Holding NV, Cl G |
|
|
9,089 |
|
|
|
5,350 |
|
Heineken Holding NV |
|
|
18,530 |
|
|
|
1,401 |
|
ING Groep NV |
|
|
2,976,989 |
|
|
|
39,556 |
|
James Hardie Industries PLC * |
|
|
320,392 |
|
|
|
8,435 |
|
Koninklijke Ahold Delhaize NV |
|
|
750,940 |
|
|
|
22,675 |
|
Koninklijke KPN NV |
|
|
1,070,215 |
|
|
|
3,534 |
|
Koninklijke Philips NV |
|
|
1,835,974 |
|
|
|
36,867 |
|
Koninklijke Vopak NV |
|
|
32,063 |
|
|
|
1,101 |
|
NN Group NV |
|
|
121,053 |
|
|
|
3,901 |
|
Randstad NV |
|
|
562,860 |
|
|
|
31,215 |
|
Shell PLC |
|
|
1,883,805 |
|
|
|
60,744 |
|
TomTom NV * |
|
|
8,612 |
|
|
|
62 |
|
Universal Music Group NV |
|
|
40,841 |
|
|
|
1,069 |
|
Wolters Kluwer NV |
|
|
110,023 |
|
|
|
13,355 |
|
|
|
|
|
|
|
|
259,913 |
|
|
|
|
|
|
|
|
|
|
New Zealand — 0.0% |
Spark New Zealand Ltd |
|
|
291,429 |
|
|
|
842 |
|
|
|
|
|
|
|
|
|
|
Norway — 0.2% |
Bouvet ASA |
|
|
9,949 |
|
|
|
53 |
|
DNB Bank ASA |
|
|
189,437 |
|
|
|
3,838 |
|
Equinor ASA |
|
|
31,226 |
|
|
|
1,031 |
|
Frontline |
|
|
47,905 |
|
|
|
900 |
|
Hoegh Autoliners ASA |
|
|
15,224 |
|
|
|
110 |
|
Seadrill * |
|
|
10,073 |
|
|
|
458 |
|
Stolt-Nielsen Ltd |
|
|
1,480 |
|
|
|
43 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Equity Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Wallenius Wilhelmsen ASA, Cl B |
|
|
12,734 |
|
|
$ |
101 |
|
|
|
|
|
|
|
|
6,534 |
|
|
|
|
|
|
|
|
|
|
Portugal — 0.3% |
Banco Comercial Portugues, Cl R * |
|
|
3,664,273 |
|
|
|
1,010 |
|
Jeronimo Martins SGPS SA |
|
|
459,285 |
|
|
|
10,338 |
|
Mota-Engil SGPS |
|
|
16,657 |
|
|
|
61 |
|
|
|
|
|
|
|
|
11,409 |
|
|
|
|
|
|
|
|
|
|
Qatar — 0.0% |
Ooredoo QPSC |
|
|
171,417 |
|
|
|
503 |
|
|
|
|
|
|
|
|
|
|
Saudi Arabia — 0.4% |
Al-Dawaa Medical Services |
|
|
1,965 |
|
|
|
50 |
|
Arabian Centres |
|
|
9,678 |
|
|
|
52 |
|
Dar Al Arkan Real Estate Development Co * |
|
|
918,852 |
|
|
|
3,866 |
|
Elm Co |
|
|
41,370 |
|
|
|
8,602 |
|
Etihad Etisalat Co |
|
|
94,878 |
|
|
|
1,127 |
|
Saudi Electricity Co |
|
|
447,510 |
|
|
|
2,277 |
|
Saudi Marketing |
|
|
15,873 |
|
|
|
98 |
|
|
|
|
|
|
|
|
16,072 |
|
|
|
|
|
|
|
|
|
|
Singapore — 0.5% |
Genting Singapore Ltd |
|
|
700,600 |
|
|
|
434 |
|
IGG Inc * |
|
|
460,000 |
|
|
|
189 |
|
Keppel DC REIT ‡ |
|
|
592,300 |
|
|
|
903 |
|
Oversea-Chinese Banking Corp Ltd |
|
|
121,400 |
|
|
|
1,139 |
|
Seatrium * |
|
|
17,995,400 |
|
|
|
1,767 |
|
Sembcorp Industries |
|
|
410,300 |
|
|
|
1,530 |
|
Singapore Airlines Ltd |
|
|
1,274,800 |
|
|
|
6,033 |
|
United Overseas Bank Ltd |
|
|
341,500 |
|
|
|
7,131 |
|
|
|
|
|
|
|
|
19,126 |
|
|
|
|
|
|
|
|
|
|
South Africa — 0.2% |
Anglo American PLC |
|
|
312,800 |
|
|
|
8,650 |
|
DataTec Ltd |
|
|
100,188 |
|
|
|
191 |
|
|
|
|
|
|
|
|
8,841 |
|
|
|
|
|
|
|
|
|
|
South Korea — 2.1% |
BNK Financial Group Inc |
|
|
604,863 |
|
|
|
3,067 |
|
JLS Co Ltd |
|
|
2,440 |
|
|
|
13 |
|
Samsung Electronics Co Ltd |
|
|
1,058,884 |
|
|
|
53,531 |
|
SaraminHR Co Ltd |
|
|
1,991 |
|
|
|
31 |
|
Shinhan Financial Group Co Ltd |
|
|
353,824 |
|
|
|
9,312 |
|
SK Hynix Inc |
|
|
143,316 |
|
|
|
12,134 |
|
|
|
|
|
|
|
|
78,088 |
|
|
|
|
|
|
|
|
|
|
Spain — 2.8% |
Aena SME SA |
|
|
95,382 |
|
|
|
14,400 |
|
Amadeus IT Group SA, Cl A |
|
|
380,577 |
|
|
|
23,080 |
|
Banco Bilbao Vizcaya Argentaria SA |
|
|
398,624 |
|
|
|
3,254 |
|
Banco Santander SA |
|
|
1,302,956 |
|
|
|
4,992 |
|
CaixaBank SA |
|
|
5,392,064 |
|
|
|
21,614 |
|
Cia de Distribucion Integral Logista Holdings SA |
|
|
2,009 |
|
|
|
51 |
|
Iberdrola SA |
|
|
909,646 |
|
|
|
10,204 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Indra Sistemas SA |
|
|
35,279 |
|
|
$ |
512 |
|
Industria de Diseno Textil SA |
|
|
707,031 |
|
|
|
26,417 |
|
|
|
|
|
|
|
|
104,524 |
|
|
|
|
|
|
|
|
|
|
Sweden — 2.6% |
AddTech, Cl B |
|
|
26,445 |
|
|
|
426 |
|
Alfa Laval AB |
|
|
24,744 |
|
|
|
856 |
|
Atlas Copco AB, Cl A |
|
|
1,098,243 |
|
|
|
14,885 |
|
Beijer Ref AB, Cl B |
|
|
39,419 |
|
|
|
419 |
|
Betsson, Cl B |
|
|
44,087 |
|
|
|
488 |
|
Elekta, Cl B |
|
|
69,306 |
|
|
|
475 |
|
Essity AB, Cl B |
|
|
548,080 |
|
|
|
11,901 |
|
Evolution AB |
|
|
55,115 |
|
|
|
5,613 |
|
Fastighets Balder, Cl B * |
|
|
224,226 |
|
|
|
1,017 |
|
H & M Hennes & Mauritz AB, Cl B |
|
|
1,039,714 |
|
|
|
14,878 |
|
Husqvarna AB, Cl B |
|
|
112,532 |
|
|
|
867 |
|
Investor AB, Cl B |
|
|
85,557 |
|
|
|
1,652 |
|
Lifco, Cl B |
|
|
30,501 |
|
|
|
539 |
|
Munters Group |
|
|
40,961 |
|
|
|
530 |
|
Saab AB, Cl B |
|
|
44,993 |
|
|
|
2,306 |
|
Securitas AB, Cl B |
|
|
1,887,912 |
|
|
|
15,059 |
|
SKF AB, Cl B |
|
|
146,066 |
|
|
|
2,449 |
|
Thule Group |
|
|
30,133 |
|
|
|
796 |
|
Troax Group |
|
|
615 |
|
|
|
9 |
|
Volvo AB, Cl B |
|
|
1,082,188 |
|
|
|
22,472 |
|
|
|
|
|
|
|
|
97,637 |
|
|
|
|
|
|
|
|
|
|
Switzerland — 4.9% |
ABB Ltd |
|
|
444,953 |
|
|
|
15,954 |
|
Accelleron Industries |
|
|
22,275 |
|
|
|
580 |
|
Alcon Inc |
|
|
76,714 |
|
|
|
5,949 |
|
BKW |
|
|
9,856 |
|
|
|
1,740 |
|
Burckhardt Compression Holding AG |
|
|
197 |
|
|
|
107 |
|
Cie Financiere Richemont SA, Cl A |
|
|
15,944 |
|
|
|
1,952 |
|
dormakaba Holding AG |
|
|
2,385 |
|
|
|
1,176 |
|
DSM-Firmenich |
|
|
4,561 |
|
|
|
387 |
|
Julius Baer Group Ltd |
|
|
354,928 |
|
|
|
22,837 |
|
Kuehne + Nagel International AG |
|
|
45,429 |
|
|
|
12,961 |
|
Landis+Gyr Group |
|
|
7,018 |
|
|
|
509 |
|
Lonza Group AG |
|
|
5,777 |
|
|
|
2,688 |
|
Novartis AG |
|
|
350,475 |
|
|
|
35,963 |
|
Partners Group Holding AG |
|
|
4,926 |
|
|
|
5,570 |
|
Schindler Holding AG |
|
|
25,938 |
|
|
|
5,189 |
|
Siegfried Holding |
|
|
732 |
|
|
|
628 |
|
Sika AG |
|
|
23,590 |
|
|
|
6,011 |
|
Swatch Group AG/The |
|
|
75,431 |
|
|
|
19,410 |
|
Swissquote Group Holding SA |
|
|
2,598 |
|
|
|
476 |
|
UBS Group AG |
|
|
1,413,791 |
|
|
|
35,066 |
|
Zurich Insurance Group AG |
|
|
17,973 |
|
|
|
8,254 |
|
|
|
|
|
|
|
|
183,407 |
|
|
|
|
|
|
|
|
|
|
Taiwan — 1.5% |
Acer Inc |
|
|
1,623,000 |
|
|
|
1,829 |
|
Ampire Co Ltd |
|
|
– |
|
|
|
– |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Apacer Technology Inc |
|
|
23,000 |
|
|
$ |
39 |
|
ASROCK |
|
|
82,000 |
|
|
|
540 |
|
Asustek Computer Inc |
|
|
120,000 |
|
|
|
1,365 |
|
Compal Electronics Inc |
|
|
311,000 |
|
|
|
296 |
|
Emerging Display Technologies Corp |
|
|
48,000 |
|
|
|
47 |
|
Global Lighting Technologies Inc |
|
|
13,000 |
|
|
|
21 |
|
Hon Hai Precision Industry Co Ltd |
|
|
9,925,000 |
|
|
|
31,991 |
|
ITE Technology Inc |
|
|
50,728 |
|
|
|
247 |
|
Lite-On Technology Corp |
|
|
1,121,000 |
|
|
|
4,232 |
|
Micro-Star International Co Ltd |
|
|
65,000 |
|
|
|
331 |
|
Novatek Microelectronics Corp |
|
|
446,000 |
|
|
|
5,857 |
|
Pegatron Corp |
|
|
84,000 |
|
|
|
199 |
|
Quanta Computer Inc |
|
|
456,000 |
|
|
|
3,413 |
|
Realtek Semiconductor Corp |
|
|
79,000 |
|
|
|
970 |
|
Taiwan FU Hsing Industrial Co Ltd |
|
|
21,000 |
|
|
|
28 |
|
Wistron Corp |
|
|
1,062,000 |
|
|
|
3,363 |
|
Zyxel Group Corp |
|
|
155,000 |
|
|
|
240 |
|
|
|
|
|
|
|
|
55,008 |
|
|
|
|
|
|
|
|
|
|
Thailand — 0.2% |
Bangkok Bank PCL NVDR |
|
|
749,900 |
|
|
|
3,450 |
|
Lanna Resources PCL NVDR |
|
|
155,400 |
|
|
|
67 |
|
PTT Exploration & Production PCL NVDR |
|
|
484,500 |
|
|
|
2,275 |
|
PTT PCL NVDR |
|
|
1,835,000 |
|
|
|
1,688 |
|
|
|
|
|
|
|
|
7,480 |
|
|
|
|
|
|
|
|
|
|
United Kingdom — 15.0% |
4imprint Group PLC |
|
|
596 |
|
|
|
38 |
|
Accenture PLC, Cl A |
|
|
16,164 |
|
|
|
4,964 |
|
AG Barr PLC |
|
|
22,151 |
|
|
|
133 |
|
AJ Bell PLC |
|
|
26,807 |
|
|
|
90 |
|
Aon PLC, Cl A |
|
|
24,780 |
|
|
|
8,034 |
|
AstraZeneca PLC |
|
|
171,637 |
|
|
|
23,258 |
|
Aviva PLC |
|
|
2,073,078 |
|
|
|
9,863 |
|
BAE Systems PLC |
|
|
464,074 |
|
|
|
5,652 |
|
Barclays PLC |
|
|
16,152,055 |
|
|
|
31,334 |
|
Berkeley Group Holdings PLC |
|
|
93,144 |
|
|
|
4,669 |
|
BP PLC |
|
|
3,668,472 |
|
|
|
23,794 |
|
BP PLC ADR |
|
|
604,309 |
|
|
|
23,399 |
|
Breedon Group |
|
|
7,305 |
|
|
|
29 |
|
British American Tobacco PLC |
|
|
384,238 |
|
|
|
12,086 |
|
Bytes Technology Group |
|
|
9,436 |
|
|
|
57 |
|
Centrica PLC |
|
|
5,823,391 |
|
|
|
10,978 |
|
Coca-Cola Europacific Partners PLC |
|
|
30,357 |
|
|
|
1,897 |
|
Compass Group PLC |
|
|
537,229 |
|
|
|
13,114 |
|
Computacenter PLC |
|
|
34,397 |
|
|
|
1,062 |
|
CRH PLC |
|
|
3,585 |
|
|
|
199 |
|
Diageo PLC |
|
|
970,357 |
|
|
|
35,934 |
|
Experian PLC |
|
|
133,156 |
|
|
|
4,374 |
|
Ferguson PLC |
|
|
37,802 |
|
|
|
6,259 |
|
Ferrexpo PLC * |
|
|
524,939 |
|
|
|
488 |
|
Greggs PLC |
|
|
71,696 |
|
|
|
2,142 |
|
GSK PLC |
|
|
818,467 |
|
|
|
14,905 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Howden Joinery Group PLC |
|
|
134,110 |
|
|
$ |
1,205 |
|
HSBC Holdings PLC |
|
|
2,994,866 |
|
|
|
23,574 |
|
Hunting PLC |
|
|
29,771 |
|
|
|
111 |
|
ICON PLC * |
|
|
37,207 |
|
|
|
9,162 |
|
International Consolidated Airlines Group SA * |
|
|
1,294,591 |
|
|
|
2,339 |
|
Intertek Group PLC |
|
|
213,780 |
|
|
|
10,729 |
|
Investec PLC |
|
|
1,346,466 |
|
|
|
7,930 |
|
J Sainsbury PLC |
|
|
7,983,038 |
|
|
|
24,632 |
|
Just Group PLC |
|
|
553,597 |
|
|
|
486 |
|
Legal & General Group PLC |
|
|
2,292,070 |
|
|
|
6,225 |
|
Man Group PLC/Jersey |
|
|
834,115 |
|
|
|
2,275 |
|
NatWest Group PLC |
|
|
4,577,550 |
|
|
|
13,169 |
|
Ninety One PLC |
|
|
348,352 |
|
|
|
729 |
|
Pagegroup PLC |
|
|
214,227 |
|
|
|
1,096 |
|
Pets at Home Group Plc |
|
|
145,000 |
|
|
|
593 |
|
Polar Capital Holdings PLC |
|
|
163 |
|
|
|
1 |
|
QinetiQ Group PLC |
|
|
90,352 |
|
|
|
352 |
|
Reckitt Benckiser Group PLC |
|
|
536,849 |
|
|
|
37,965 |
|
RELX PLC |
|
|
389,734 |
|
|
|
13,217 |
|
Rolls-Royce Holdings PLC * |
|
|
16,515,284 |
|
|
|
44,529 |
|
Sage Group PLC/The |
|
|
439,261 |
|
|
|
5,302 |
|
Segro PLC ‡ |
|
|
256,890 |
|
|
|
2,256 |
|
Smith & Nephew PLC |
|
|
1,292,211 |
|
|
|
16,135 |
|
Speedy Hire PLC |
|
|
81,426 |
|
|
|
32 |
|
Standard Chartered PLC |
|
|
1,639,069 |
|
|
|
15,164 |
|
STERIS PLC |
|
|
26,561 |
|
|
|
5,828 |
|
Tesco PLC |
|
|
7,436,276 |
|
|
|
23,980 |
|
TORM PLC, Cl A |
|
|
6,386 |
|
|
|
173 |
|
Travis Perkins PLC |
|
|
1,381,789 |
|
|
|
14,241 |
|
Unilever PLC |
|
|
656,792 |
|
|
|
32,563 |
|
Vodafone Group PLC |
|
|
3,892,519 |
|
|
|
3,650 |
|
WH Smith PLC |
|
|
474,925 |
|
|
|
7,791 |
|
Whitbread PLC |
|
|
19,547 |
|
|
|
826 |
|
|
|
|
|
|
|
|
567,012 |
|
|
|
|
|
|
|
|
|
|
United States — 5.5% |
Arch Capital Group Ltd * |
|
|
79,145 |
|
|
|
6,309 |
|
Atlassian Corp Ltd, Cl A * |
|
|
37,287 |
|
|
|
7,514 |
|
CyberArk Software * |
|
|
12,692 |
|
|
|
2,079 |
|
DHT Holdings |
|
|
57,557 |
|
|
|
593 |
|
EPAM Systems Inc * |
|
|
13,045 |
|
|
|
3,335 |
|
Linde |
|
|
12,493 |
|
|
|
4,652 |
|
Mettler-Toledo International Inc * |
|
|
3,155 |
|
|
|
3,496 |
|
Monday.com Ltd * |
|
|
35,671 |
|
|
|
5,679 |
|
Nestle SA |
|
|
222,682 |
|
|
|
25,252 |
|
RHI Magnesita NV |
|
|
760 |
|
|
|
26 |
|
Roche Holding AG |
|
|
285,295 |
|
|
|
78,107 |
|
Sanofi |
|
|
441,322 |
|
|
|
47,416 |
|
Schneider Electric SE |
|
|
43,313 |
|
|
|
7,199 |
|
Spotify Technology * |
|
|
59,992 |
|
|
|
9,277 |
|
Tenaris SA |
|
|
35,484 |
|
|
|
563 |
|
Viemed Healthcare Inc * |
|
|
9,827 |
|
|
|
66 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Equity Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Waste Connections Inc |
|
|
35,701 |
|
|
$ |
4,795 |
|
|
|
|
|
|
|
|
206,358 |
|
|
|
|
|
|
|
|
|
|
Total Common Stock |
|
|
|
|
|
|
|
|
(Cost $3,378,231) ($ Thousands) |
|
|
|
|
|
|
3,625,321 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PREFERRED STOCK — 0.7% |
Brazil — 0.0% |
Gerdau SA (B) |
|
|
7,665 |
|
|
|
37 |
|
Schulz SA (B) |
|
|
20,100 |
|
|
|
30 |
|
|
|
|
|
|
|
|
67 |
|
|
|
|
|
|
|
|
|
|
Germany — 0.7% |
FUCHS PETROLUB SE, 2.800% |
|
|
3,890 |
|
|
|
152 |
|
Henkel AG & Co KGaA (B) |
|
|
153,025 |
|
|
|
10,929 |
|
Schaeffler AG (B) |
|
|
198,812 |
|
|
|
1,148 |
|
Volkswagen AG, 7.200% |
|
|
115,587 |
|
|
|
13,332 |
|
|
|
|
|
|
|
|
25,561 |
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock |
|
|
|
|
|
|
|
|
(Cost $30,854) ($ Thousands) |
|
|
|
|
|
|
25,628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE TRADED FUND — 0.0% |
United States — 0.0% |
iShares Core MSCI EAFE ETF |
|
|
26,037 |
|
|
|
1,676 |
|
|
|
|
|
|
|
|
|
|
Total Exchange Traded Fund |
|
|
|
|
|
|
|
|
(Cost $1,671) ($ Thousands) |
|
|
|
|
|
|
1,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
Rights |
|
|
|
|
|
RIGHTS — 0.0% |
Australia — 0.0% |
|
|
|
|
Orora LTD, Expires 10/28/2023 * |
|
|
559,733 |
|
|
|
18 |
|
Total Rights |
|
|
|
|
|
|
|
|
(Cost $—) ($ Thousands) |
|
|
|
|
|
|
18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
|
|
|
|
AFFILIATED PARTNERSHIP — 0.2% |
SEI Liquidity Fund, LP |
|
|
|
|
|
|
|
|
5.410% **†(C) |
|
|
7,032,522 |
|
|
|
7,071 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Affiliated Partnership |
|
|
|
|
|
|
|
|
(Cost $7,033) ($ Thousands) |
|
|
7,071 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
CASH EQUIVALENT — 0.9% |
SEI Daily Income Trust, Government Fund, Institutional Class |
|
|
|
|
|
|
|
|
5.210%**† |
|
|
34,469,085 |
|
|
$ |
34,469 |
|
|
|
|
|
|
|
|
|
|
Total Cash Equivalent |
|
|
|
|
|
|
|
|
(Cost $34,469) ($ Thousands) |
|
|
|
|
|
|
34,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments in Securities — 97.7% |
|
|
|
|
|
|
|
|
(Cost $3,452,258) ($ Thousands) |
|
$ |
3,694,183 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SEI Institutional International Trust
A list of the open futures contracts held by the Fund at September 30, 2023, is as follows:
Type of Contract |
|
Number of
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (Thousands) |
|
|
Value
(Thousands) |
|
|
Unrealized Appreciation/
(Depreciation)(Thousands) |
|
Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro STOXX 50 |
|
|
315 |
|
|
|
Dec-2023 |
|
|
$ |
14,428 |
|
|
$ |
14,021 |
|
|
$ |
(241 |
) |
FTSE 100 Index |
|
|
88 |
|
|
|
Dec-2023 |
|
|
|
8,321 |
|
|
|
8,239 |
|
|
|
87 |
|
Hang Seng Index |
|
|
13 |
|
|
|
Oct-2023 |
|
|
|
1,504 |
|
|
|
1,485 |
|
|
|
(17 |
) |
SPI 200 Index |
|
|
40 |
|
|
|
Dec-2023 |
|
|
|
4,699 |
|
|
|
4,573 |
|
|
|
(94 |
) |
TOPIX Index |
|
|
57 |
|
|
|
Dec-2023 |
|
|
|
9,160 |
|
|
|
8,875 |
|
|
|
(188 |
) |
|
|
|
|
|
|
|
|
|
|
$ |
38,112 |
|
|
$ |
37,193 |
|
|
$ |
(453 |
) |
A list of the open OTC Swap agreement held by the Fund at September 30, 2023, is as follows:
Total Return Swap |
Counterparty |
|
Reference Entity/ Obligation |
|
|
Fund Pays |
|
|
Fund Receives |
|
|
Payment Frequency |
|
|
Termination Date |
|
|
Currency |
|
|
Notional
Amount
(Thousands) |
|
|
Value
(Thousands) |
|
|
Upfront Payments/
Receipts
(Thousands) |
|
|
Net Unrealized
Appreciation
(Depreciation)
(Thousands) |
|
Morgan Stanley |
|
Custom Basket of International Equity Securities |
|
|
Federal Funds Effective Rate (Daily) + custom spread |
|
|
|
Asset Returns |
|
|
|
Annually |
|
|
|
02/03/2027 |
|
|
|
USD |
|
|
|
1,159 |
|
|
$ |
760 |
|
|
$ |
– |
|
|
$ |
760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
760 |
|
|
$ |
– |
|
|
$ |
760 |
|
The following table represents the top 50 individual stock exposures comprising the Custom Basket Total Return Swap as of September 30, 2023:
United States Custom Basket of Long Securities
|
Shares |
|
Description |
|
Notional Amount (Thousands) |
|
|
Value (Thousands) |
|
|
|
Percentage of Basket |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
149,121 |
|
UNILEVER PLC |
|
$ |
7,585 |
|
|
$ |
(209 |
) |
|
|
654.4 |
% |
|
|
111,716 |
|
CRH PLC |
|
|
6,008 |
|
|
|
172 |
|
|
|
518.4 |
|
|
|
13,210 |
|
L OREAL |
|
|
5,777 |
|
|
|
(291 |
) |
|
|
498.4 |
|
|
|
30,324 |
|
AIR LIQUIDE |
|
|
5,436 |
|
|
|
(316 |
) |
|
|
469.0 |
|
|
|
8,662 |
|
ASML |
|
|
5,168 |
|
|
|
(81 |
) |
|
|
445.9 |
|
|
|
504,881 |
|
STANDARD CHARTERED PLC |
|
|
4,651 |
|
|
|
9 |
|
|
|
401.3 |
|
|
|
232,100 |
|
TOYOTA MOTOR CORP |
|
|
4,429 |
|
|
|
(275 |
) |
|
|
382.1 |
|
|
|
178,953 |
|
UNICREDITO SPA |
|
|
4,139 |
|
|
|
158 |
|
|
|
357.1 |
|
|
|
454,863 |
|
HSBC HOLDINGS PLC |
|
|
3,555 |
|
|
|
18 |
|
|
|
306.7 |
|
|
|
30,029 |
|
VINCI SA |
|
|
3,443 |
|
|
|
(112 |
) |
|
|
297.1 |
|
|
|
132,000 |
|
YAKULT HONSHA CO LTD |
|
|
3,369 |
|
|
|
(163 |
) |
|
|
290.7 |
|
|
|
123,586 |
|
3I GROUP PLC |
|
|
3,193 |
|
|
|
(73 |
) |
|
|
275.5 |
|
|
|
33,775 |
|
LEGRAND SA |
|
|
3,138 |
|
|
|
(22 |
) |
|
|
270.8 |
|
|
|
103,300 |
|
CHUGAI PHARMACEUTICAL CO LTD |
|
|
2,962 |
|
|
|
235 |
|
|
|
255.6 |
|
|
|
80,103 |
|
EXPERIAN PLC |
|
|
2,792 |
|
|
|
(168 |
) |
|
|
240.9 |
|
|
|
15,802 |
|
SAFRAN SA |
|
|
2,569 |
|
|
|
(88 |
) |
|
|
221.7 |
|
|
|
251,660 |
|
INFORMA PLC |
|
|
2,371 |
|
|
|
(71 |
) |
|
|
204.6 |
|
|
|
294,695 |
|
B&M EUROPEAN VALUE RETAIL SA |
|
|
2,108 |
|
|
|
(3 |
) |
|
|
181.9 |
|
|
|
72,296 |
|
COCA-COLA HBC AG-DI |
|
|
2,048 |
|
|
|
(68 |
) |
|
|
176.7 |
|
|
|
157,601 |
|
SAGE GROUP PLC/THE |
|
|
2,009 |
|
|
|
(111 |
) |
|
|
173.3 |
|
|
|
22,166 |
|
NEXT PLC |
|
|
1,977 |
|
|
|
(7 |
) |
|
|
170.6 |
|
|
|
40,658 |
|
SPECTRIS PLC |
|
|
1,700 |
|
|
|
(20 |
) |
|
|
146.7 |
|
|
|
61,270 |
|
HALMA PLC |
|
|
1,631 |
|
|
|
(185 |
) |
|
|
140.7 |
|
|
|
35,553 |
|
WHITBREAD PLC |
|
|
1,621 |
|
|
|
(121 |
) |
|
|
139.9 |
|
|
|
589,155 |
|
MARKS & SPENCER GROUP PLC |
|
|
1,605 |
|
|
|
93 |
|
|
|
138.5 |
|
|
|
568,934 |
|
ROLLS-ROYCE HOLDINGS PLC |
|
|
1,604 |
|
|
|
(73 |
) |
|
|
138.4 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Equity Fund (Continued)
|
Shares |
|
Description |
|
Notional Amount (Thousands) |
|
|
Value (Thousands) |
|
|
|
Percentage of Basket |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
106,000 |
|
CHUBU ELECTRIC POWER CO INC |
|
$ |
1,510 |
|
|
$ |
(159 |
) |
|
|
130.3 |
% |
|
|
55,988 |
|
HIKMA PHARMACEUTICALS PLC |
|
|
1,432 |
|
|
|
(8 |
) |
|
|
123.6 |
|
|
|
109,542 |
|
MEDIOBANCA |
|
|
1,427 |
|
|
|
23 |
|
|
|
123.1 |
|
|
|
27,043 |
|
BERKELEY GROUP HOLDINGS/THE |
|
|
1,411 |
|
|
|
(59 |
) |
|
|
121.7 |
|
|
|
37,673 |
|
ACCOR SA |
|
|
1,392 |
|
|
|
(121 |
) |
|
|
120.1 |
|
|
|
38,570 |
|
RELX PLC |
|
|
1,321 |
|
|
|
(16 |
) |
|
|
114.0 |
|
|
|
36,500 |
|
BUNZL PLC |
|
|
1,293 |
|
|
|
7 |
|
|
|
111.6 |
|
|
|
6,590 |
|
DASSAULT AVIAT. |
|
|
1,268 |
|
|
|
(26 |
) |
|
|
109.4 |
|
|
|
55,805 |
|
ABCAM PLC-SPON ADR |
|
|
1,263 |
|
|
|
(3 |
) |
|
|
109.0 |
|
|
|
579,870 |
|
CENTRICA PLC |
|
|
1,220 |
|
|
|
(129 |
) |
|
|
105.3 |
|
|
|
16,282 |
|
EURONEXT NV |
|
|
1,132 |
|
|
|
3 |
|
|
|
97.7 |
|
|
|
9,151 |
|
NESTLE AG |
|
|
1,076 |
|
|
|
(40 |
) |
|
|
92.8 |
|
|
|
5,156 |
|
SOPRA STERIA GROUP |
|
|
1,063 |
|
|
|
4 |
|
|
|
91.7 |
|
|
|
32,871 |
|
AXA |
|
|
1,030 |
|
|
|
(52 |
) |
|
|
88.9 |
|
|
|
38,752 |
|
ASSOCIATED BRITISH FOODS PLC |
|
|
1,000 |
|
|
|
(24 |
) |
|
|
86.3 |
|
|
|
37,179 |
|
KLEPIERRE |
|
|
988 |
|
|
|
(76 |
) |
|
|
85.2 |
|
|
|
6,918 |
|
GAMES WORKSHOP GROUP PLC |
|
|
985 |
|
|
|
(91 |
) |
|
|
85.0 |
|
|
|
237,172 |
|
BALFOUR BEATTY PLC |
|
|
977 |
|
|
|
(50 |
) |
|
|
84.3 |
|
|
|
14,741 |
|
TOTALENERGIES SE |
|
|
973 |
|
|
|
(2 |
) |
|
|
84.0 |
|
|
|
14,706 |
|
ASHTEAD GROUP PLC |
|
|
949 |
|
|
|
(53 |
) |
|
|
81.9 |
|
|
|
8,496 |
|
SODEXHO |
|
|
925 |
|
|
|
(50 |
) |
|
|
79.8 |
|
|
|
26,648 |
|
SCOR S.A. |
|
|
881 |
|
|
|
(52 |
) |
|
|
76.0 |
|
|
|
79,531 |
|
BRITVIC PLC |
|
|
873 |
|
|
|
(29 |
) |
|
|
75.3 |
|
|
|
19,917 |
|
VERALLIA |
|
|
861 |
|
|
|
(77 |
) |
|
|
74.3 |
|
|
|
10,994 |
|
KINGSPAN GROUP |
|
|
805 |
|
|
|
20 |
|
|
|
69.5 |
|
|
|
250,000 |
|
MONEYSUPERMARKET.COM |
|
|
788 |
|
|
|
(49 |
) |
|
|
68.0 |
|
|
|
442,375 |
|
TRITAX BIG BOX REIT PLC |
|
|
781 |
|
|
|
(27 |
) |
|
|
67.4 |
|
|
|
171,754 |
|
BREEDON GROUP PLC |
|
|
737 |
|
|
|
(49 |
) |
|
|
63.6 |
|
|
|
165,717 |
|
AIB GROUP |
|
|
717 |
|
|
|
29 |
|
|
|
61.9 |
|
|
|
46,378 |
|
BURFORD CAPITAL LTD |
|
|
690 |
|
|
|
(52 |
) |
|
|
59.5 |
|
|
|
596,418 |
|
CENTAMIN PLC |
|
|
666 |
|
|
|
(60 |
) |
|
|
57.5 |
|
|
|
8,397 |
|
PUBLICIS |
|
|
657 |
|
|
|
(21 |
) |
|
|
56.7 |
|
|
|
9,830 |
|
4IMPRINT GROUP PLC |
|
|
623 |
|
|
|
6 |
|
|
|
53.8 |
|
|
|
9,818 |
|
AMUNDI SA |
|
|
570 |
|
|
|
(17 |
) |
|
|
49.2 |
|
|
|
22,483 |
|
TECHNIP ENERGIES NV |
|
|
562 |
|
|
|
(2 |
) |
|
|
48.5 |
|
|
|
92,482 |
|
BYTES TECHNOLOGY GROUP PLC |
|
|
557 |
|
|
|
4 |
|
|
|
48.1 |
|
|
|
100,451 |
|
EASYJET PLC |
|
|
555 |
|
|
|
(51 |
) |
|
|
47.9 |
|
|
|
17,428 |
|
SPIE SA - W/I |
|
|
524 |
|
|
|
(14 |
) |
|
|
45.2 |
|
|
|
147,570 |
|
SAINSBURY (J) PLC |
|
|
511 |
|
|
|
(57 |
) |
|
|
44.1 |
|
|
|
263,944 |
|
INTL CONSOLIDATED AIRLINE-DI |
|
|
503 |
|
|
|
(27 |
) |
|
|
43.4 |
|
|
|
101,837 |
|
DOMINO'S PIZZA GROUP PLC |
|
|
498 |
|
|
|
(31 |
) |
|
|
43.0 |
|
|
|
231,850 |
|
LONDONMETRIC PROPERTY PLC |
|
|
498 |
|
|
|
(12 |
) |
|
|
43.0 |
|
|
|
12,816 |
|
DIPLOMA PLC |
|
|
497 |
|
|
|
(28 |
) |
|
|
42.9 |
|
|
|
27,619 |
|
ELIS SA |
|
|
497 |
|
|
|
(11 |
) |
|
|
42.9 |
|
|
|
4,920 |
|
EIFFAGE |
|
|
489 |
|
|
|
(21 |
) |
|
|
42.2 |
|
|
|
21,716 |
|
INDIVIOR PLC |
|
|
487 |
|
|
|
(17 |
) |
|
|
42.0 |
|
United States Custom Basket of Short Securities
|
Shares |
|
Description |
|
Notional Amount (Thousands) |
|
|
Value (Thousands) |
|
|
|
Percentage of Basket |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(88,900 |
) |
KYOCERA CORP |
|
$ |
(4,600 |
) |
|
$ |
88 |
|
|
|
(396.9 |
)% |
|
|
(215,800 |
) |
AOZORA BANK LTD |
|
|
(4,552 |
) |
|
|
139 |
|
|
|
(392.8 |
) |
|
|
(197,600 |
) |
AEON CO LTD |
|
|
(3,950 |
) |
|
|
30 |
|
|
|
(340.8 |
) |
|
|
(100,600 |
) |
KAO CORP |
|
|
(3,845 |
) |
|
|
110 |
|
|
|
(331.8 |
) |
|
|
(100,200 |
) |
TAISEI CORP |
|
|
(3,619 |
) |
|
|
93 |
|
|
|
(312.3 |
) |
|
|
(28,000 |
) |
COSMOS PHARMACEUTICAL CORP |
|
|
(3,051 |
) |
|
|
186 |
|
|
|
(263.2 |
) |
|
|
(766,715 |
) |
NOKIA OYJ |
|
|
(3,008 |
) |
|
|
117 |
|
|
|
(259.5 |
) |
|
|
(72,000 |
) |
TREND MICRO INC |
|
|
(2,948 |
) |
|
|
218 |
|
|
|
(254.4 |
) |
|
|
(51,800 |
) |
NIPPON EXPRESS HOLDINGS INC |
|
|
(2,730 |
) |
|
|
26 |
|
|
|
(235.5 |
) |
SEI Institutional International Trust
|
Shares |
|
Description |
|
Notional Amount (Thousands) |
|
|
Value (Thousands) |
|
|
|
Percentage of Basket |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(118,200 |
) |
SUMITOMO CORP |
|
$ |
(2,525 |
) |
|
$ |
166 |
|
|
|
(217.9 |
)% |
|
|
(19,527 |
) |
SPIRAX-SARCO ENGINEERING PLC |
|
|
(2,400 |
) |
|
|
134 |
|
|
|
(207.1 |
) |
|
|
(78,200 |
) |
KINTETSU GROUP HOLDINGS CO LTD |
|
|
(2,388 |
) |
|
|
172 |
|
|
|
(206.0 |
) |
|
|
(140,000 |
) |
BROTHER INDUSTRIES LTD |
|
|
(2,344 |
) |
|
|
88 |
|
|
|
(202.2 |
) |
|
|
(18,300 |
) |
FUJITSU LTD |
|
|
(2,316 |
) |
|
|
162 |
|
|
|
(199.8 |
) |
|
|
(137,200 |
) |
MISUMI GROUP INC |
|
|
(2,312 |
) |
|
|
168 |
|
|
|
(199.5 |
) |
|
|
(706,400 |
) |
YAMADA HOLDINGS CO LTD |
|
|
(2,261 |
) |
|
|
90 |
|
|
|
(195.1 |
) |
|
|
(18,700 |
) |
NITORI HOLDINGS CO LTD |
|
|
(2,229 |
) |
|
|
139 |
|
|
|
(192.3 |
) |
|
|
(55,600 |
) |
MCDONALDS HOLDINGS COJAPAN LTD |
|
|
(2,177 |
) |
|
|
54 |
|
|
|
(187.8 |
) |
|
|
(144,300 |
) |
ASTELLAS PHARMA INC |
|
|
(2,172 |
) |
|
|
170 |
|
|
|
(187.4 |
) |
|
|
(78,000 |
) |
DAI NIPPON PRINTING CO LTD |
|
|
(2,141 |
) |
|
|
112 |
|
|
|
(184.7 |
) |
|
|
(146,100 |
) |
SEINO HOLDINGS CO LTD |
|
|
(2,137 |
) |
|
|
89 |
|
|
|
(184.4 |
) |
|
|
(16,000 |
) |
HIROSE ELECTRIC CO LTD |
|
|
(1,917 |
) |
|
|
63 |
|
|
|
(165.4 |
) |
|
|
(39,200 |
) |
HAMAMATSU PHOTONICS KK |
|
|
(1,761 |
) |
|
|
110 |
|
|
|
(151.9 |
) |
|
|
(42,988 |
) |
QIAGEN NV |
|
|
(1,724 |
) |
|
|
(15 |
) |
|
|
(148.7 |
) |
|
|
(233,200 |
) |
SHIMIZU CORP |
|
|
(1,665 |
) |
|
|
43 |
|
|
|
(143.7 |
) |
|
|
(62,300 |
) |
SUMITOMO HEAVY IND LTD |
|
|
(1,645 |
) |
|
|
65 |
|
|
|
(141.9 |
) |
|
|
(47,227 |
) |
UPM-KYMMENE OYJ |
|
|
(1,618 |
) |
|
|
(2 |
) |
|
|
(139.6 |
) |
|
|
(86,300 |
) |
SCSK CORP |
|
|
(1,543 |
) |
|
|
37 |
|
|
|
(133.1 |
) |
|
|
(92,527 |
) |
MONDI PLC |
|
|
(1,533 |
) |
|
|
(14 |
) |
|
|
(132.3 |
) |
|
|
(84,100 |
) |
UBE CORP |
|
|
(1,510 |
) |
|
|
92 |
|
|
|
(130.3 |
) |
|
|
(624,400 |
) |
SEVEN BANK LTD |
|
|
(1,375 |
) |
|
|
76 |
|
|
|
(118.6 |
) |
|
|
(77,600 |
) |
USS CO LTD |
|
|
(1,336 |
) |
|
|
53 |
|
|
|
(115.3 |
) |
|
|
(37,100 |
) |
AGC INC |
|
|
(1,334 |
) |
|
|
32 |
|
|
|
(115.1 |
) |
|
|
(72,600 |
) |
IIDA GROUP HOLDINGS CO LTD |
|
|
(1,328 |
) |
|
|
121 |
|
|
|
(114.6 |
) |
|
|
(124,900 |
) |
AMADA CO LTD |
|
|
(1,324 |
) |
|
|
67 |
|
|
|
(114.2 |
) |
|
|
(136,000 |
) |
KS HOLDINGS CORP |
|
|
(1,300 |
) |
|
|
52 |
|
|
|
(112.2 |
) |
|
|
(96,320 |
) |
SCA B |
|
|
(1,284 |
) |
|
|
(43 |
) |
|
|
(110.8 |
) |
|
|
(184,500 |
) |
ASAHI KASEI CORP |
|
|
(1,242 |
) |
|
|
83 |
|
|
|
(107.2 |
) |
|
|
(40,100 |
) |
SUZUKEN CO LTD |
|
|
(1,224 |
) |
|
|
(17 |
) |
|
|
(105.6 |
) |
|
|
(30,677 |
) |
ORION OYJ B |
|
|
(1,201 |
) |
|
|
(6 |
) |
|
|
(103.6 |
) |
|
|
(66,700 |
) |
YAMATO HOLDINGS CO LTD |
|
|
(1,163 |
) |
|
|
76 |
|
|
|
(100.3 |
) |
|
|
(66,500 |
) |
KEWPIE CORP |
|
|
(1,117 |
) |
|
|
48 |
|
|
|
(96.4 |
) |
|
|
(180,100 |
) |
THE HACHIJUNI BANK LTD |
|
|
(1,093 |
) |
|
|
99 |
|
|
|
(94.3 |
) |
|
|
(556,600 |
) |
SATS LTD |
|
|
(1,058 |
) |
|
|
(2 |
) |
|
|
(91.3 |
) |
|
|
(75,400 |
) |
OLYMPUS CORP |
|
|
(1,042 |
) |
|
|
62 |
|
|
|
(89.9 |
) |
|
|
(96,002 |
) |
ST JAMES'S PLACE PLC |
|
|
(1,028 |
) |
|
|
55 |
|
|
|
(88.7 |
) |
|
|
(135,200 |
) |
ANRITSU CORP |
|
|
(1,018 |
) |
|
|
53 |
|
|
|
(87.8 |
) |
|
|
(906,200 |
) |
MAPLETREE PAN ASIA COMMERCIAL |
|
|
(1,017 |
) |
|
|
70 |
|
|
|
(87.7 |
) |
|
|
(52,415 |
) |
EVONIK INDUSTR |
|
|
(1,017 |
) |
|
|
57 |
|
|
|
(87.7 |
) |
|
|
(100,700 |
) |
LION CORP |
|
|
(1,015 |
) |
|
|
21 |
|
|
|
(87.6 |
) |
|
|
(196,100 |
) |
LINK REIT |
|
|
(948 |
) |
|
|
(12 |
) |
|
|
(81.8 |
) |
|
|
(100,500 |
) |
HAKUHODO DY HOLDINGS INC |
|
|
(924 |
) |
|
|
98 |
|
|
|
(79.7 |
) |
|
|
(10,088 |
) |
SGS SA-REG |
|
|
(923 |
) |
|
|
75 |
|
|
|
(79.6 |
) |
|
|
(58,600 |
) |
SEKISUI CHEMICAL CO LTD |
|
|
(902 |
) |
|
|
58 |
|
|
|
(77.8 |
) |
|
|
(62,500 |
) |
MITSUBISHI ESTATE CO LTD |
|
|
(879 |
) |
|
|
62 |
|
|
|
(75.8 |
) |
|
|
(50,100 |
) |
JAPAN POST INSURANCE CO LTD |
|
|
(874 |
) |
|
|
41 |
|
|
|
(75.4 |
) |
|
|
(118,700 |
) |
SPORE EXCH |
|
|
(865 |
) |
|
|
18 |
|
|
|
(74.6 |
) |
|
|
(27,100 |
) |
MABUCHI MOTOR CO LTD |
|
|
(849 |
) |
|
|
39 |
|
|
|
(73.3 |
) |
|
|
(73,947 |
) |
NORDIC VLSI |
|
|
(842 |
) |
|
|
72 |
|
|
|
(72.6 |
) |
|
|
(58,100 |
) |
NOK CORP |
|
|
(830 |
) |
|
|
59 |
|
|
|
(71.6 |
) |
|
|
(63,000 |
) |
BENESSE HOLDINGS INC |
|
|
(809 |
) |
|
|
38 |
|
|
|
(69.8 |
) |
|
|
(37,918 |
) |
GN STORE NORD |
|
|
(726 |
) |
|
|
39 |
|
|
|
(62.6 |
) |
|
|
(355,000 |
) |
NEW WORLD DEV |
|
|
(716 |
) |
|
|
27 |
|
|
|
(61.8 |
) |
|
|
(139,850 |
) |
SCHRODERS PLC |
|
|
(715 |
) |
|
|
21 |
|
|
|
(61.7 |
) |
|
|
(400,000 |
) |
SINGAPORE TELECOMMUNICATIONS |
|
|
(704 |
) |
|
|
(3 |
) |
|
|
(60.7 |
) |
|
|
(2,774 |
) |
SONOVA H AG ORD |
|
|
(693 |
) |
|
|
35 |
|
|
|
(59.8 |
) |
|
|
(64,682 |
) |
ELECTROLUX B |
|
|
(682 |
) |
|
|
10 |
|
|
|
(58.8 |
) |
|
|
(728,800 |
) |
SUNTEC REIT |
|
|
(652 |
) |
|
|
34 |
|
|
|
(56.3 |
) |
|
|
(51,300 |
) |
USHIO INC |
|
|
(643 |
) |
|
|
20 |
|
|
|
(55.5 |
) |
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Equity Fund (Concluded)
|
Shares |
|
Description |
|
Notional Amount (Thousands) |
|
|
Value (Thousands) |
|
|
|
Percentage of Basket |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(22,727 |
) |
CORPORACION ACCIONA ENERGIAS RENOVABLES |
|
$ |
(642 |
) |
|
$ |
56 |
|
|
|
(55.4 |
)% |
|
|
(41,300 |
) |
KINDEN CORP |
|
|
(621 |
) |
|
|
20 |
|
|
|
(53.6 |
) |
|
|
(54,655 |
) |
ALK-ABELL B |
|
|
(619 |
) |
|
|
4 |
|
|
|
(53.4 |
) |
|
|
(75,235 |
) |
BILLERUD AB |
|
|
(590 |
) |
|
|
(111 |
) |
|
|
(50.9 |
) |
|
|
(14,500 |
) |
SHO-BOND HOLDINGS CO LTD |
|
|
(583 |
) |
|
|
13 |
|
|
|
(50.3 |
) |
|
|
(34,900 |
) |
FUJI CORP |
|
|
(583 |
) |
|
|
41 |
|
|
|
(50.3 |
) |
|
|
(21,046 |
) |
SIGNIFY NV |
|
|
(563 |
) |
|
|
(4 |
) |
|
|
(48.6 |
) |
|
|
(31,900 |
) |
MEITEC GROUP HOLDINGS INC |
|
|
(559 |
) |
|
|
(18 |
) |
|
|
(48.2 |
) |
|
|
(143,495 |
) |
BANK OF QUEENSLAND LTD |
|
|
(546 |
) |
|
|
15 |
|
|
|
(47.1 |
) |
|
|
(15,800 |
) |
HANWA CO LTD |
|
|
(540 |
) |
|
|
38 |
|
|
|
(46.6 |
) |
|
|
(41,300 |
) |
AIR WATER INC |
|
|
(530 |
) |
|
|
15 |
|
|
|
(45.7 |
) |
|
|
(30,800 |
) |
OSAKA GAS CO LTD |
|
|
(530 |
) |
|
|
23 |
|
|
|
(45.7 |
) |
|
|
(104,517 |
) |
ERICSSON LM-B SHS |
|
|
(527 |
) |
|
|
2 |
|
|
|
(45.5 |
) |
|
|
(5,518 |
) |
REPLY SPA |
|
|
(520 |
) |
|
|
- |
|
|
|
(44.9 |
) |
|
|
(18,467 |
) |
BOLIDEN |
|
|
(514 |
) |
|
|
(20 |
) |
|
|
(44.3 |
) |
|
|
(74,864 |
) |
SES SA |
|
|
(513 |
) |
|
|
23 |
|
|
|
(44.3 |
) |
|
|
(68,600 |
) |
NISSHINBO HOLDINGS INC |
|
|
(512 |
) |
|
|
2 |
|
|
|
(44.2 |
) |
|
|
(27,500 |
) |
WELCIA HOLDINGS CO LTD |
|
|
(499 |
) |
|
|
24 |
|
|
|
(43.1 |
) |
|
|
(63,152 |
) |
PENNON GROUP PLC |
|
|
(499 |
) |
|
|
49 |
|
|
|
(43.1 |
) |
|
|
(127,951 |
) |
ATLAS ARTERIA |
|
|
(494 |
) |
|
|
38 |
|
|
|
(42.6 |
) |
|
|
(336,105 |
) |
XINYI GLASS |
|
|
(482 |
) |
|
|
48 |
|
|
|
(41.6 |
) |
|
|
(26,660 |
) |
LATOUR B |
|
|
(468 |
) |
|
|
(4 |
) |
|
|
(40.4 |
) |
|
|
(32,800 |
) |
SG HOLDINGS CO LTD |
|
|
(464 |
) |
|
|
44 |
|
|
|
(40.0 |
) |
|
|
(17,535 |
) |
ALSTOM |
|
|
(452 |
) |
|
|
33 |
|
|
|
(39.0 |
) |
|
|
(5,783 |
) |
NEXI SPA |
|
|
(37 |
) |
|
|
2 |
|
|
|
(3.2 |
) |
|
Percentages are based on Net Assets of $3,781,258 ($ Thousands). |
* |
Non-income producing security. |
** |
The rate reported is the 7-day effective yield as of September 30, 2023. |
† |
Investment in Affiliated Security (see Note 5). |
‡ |
Real Estate Investment Trust. |
(A) |
Certain securities or partial positions of certain securities are on loan at September 30, 2023. |
(B) |
No interest rate available. |
(C) |
This security was purchased with cash collateral held from securities on loan (see Note 9). The total market value of such securities as of September 30, 2023 was $7,071 ($ Thousands). |
The following is a summary of the level of inputs used as of September 30, 2023, 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 |
|
|
3,381,846 |
|
|
|
243,475 |
|
|
|
– |
|
|
|
3,625,321 |
|
Preferred Stock |
|
|
25,628 |
|
|
|
– |
|
|
|
– |
|
|
|
25,628 |
|
Exchange Traded Fund |
|
|
1,676 |
|
|
|
– |
|
|
|
– |
|
|
|
1,676 |
|
Rights |
|
|
18 |
|
|
|
– |
|
|
|
– |
|
|
|
18 |
|
Affiliated Partnership |
|
|
– |
|
|
|
7,071 |
|
|
|
– |
|
|
|
7,071 |
|
Cash Equivalent |
|
|
34,469 |
|
|
|
– |
|
|
|
– |
|
|
|
34,469 |
|
Total Investments in Securities |
|
|
3,443,637 |
|
|
|
250,546 |
|
|
|
– |
|
|
|
3,694,183 |
|
Other Financial Instruments |
|
Level 1
($) |
|
|
Level 2
($) |
|
|
Level 3
($) |
|
|
Total
($) |
|
Futures Contracts* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
87 |
|
|
|
– |
|
|
|
– |
|
|
|
87 |
|
Unrealized Depreciation |
|
|
(540 |
) |
|
|
– |
|
|
|
– |
|
|
|
(540 |
) |
OTC Swap |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Return Swap* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
– |
|
|
|
760 |
|
|
|
– |
|
|
|
760 |
|
Total Other Financial Instruments |
|
|
(453 |
) |
|
|
760 |
|
|
|
– |
|
|
|
307 |
|
*
|
Futures contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.
|
For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.
SEI Institutional International Trust
The following is a summary of the transactions with affiliates for the year ended September 30, 2023 ($ Thousands):
Security Description |
|
Value 9/30/2022 |
|
|
Purchases at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/(Loss) |
|
|
Change in Unrealized Appreciation/(Depreciation) |
|
|
Value 9/30/2023 |
|
|
Income |
|
|
Capital Gains |
|
SEI Liquidity Fund, LP |
|
$ |
113,836 |
|
|
$ |
675,230 |
|
|
$ |
(782,067 |
) |
|
$ |
57 |
|
|
$ |
15 |
|
|
$ |
7,071 |
|
|
$ |
721 |
|
|
|
$ — |
|
SEI Daily Income Trust, Government Fund, Institutional Class |
|
|
68,913 |
|
|
|
544,134 |
|
|
|
(578,578 |
) |
|
|
— |
|
|
|
— |
|
|
|
34,469 |
|
|
|
1,957 |
|
|
|
— |
|
Totals |
|
$ |
182,749 |
|
|
$ |
1,219,364 |
|
|
$ |
(1,360,645 |
) |
|
$ |
57 |
|
|
$ |
15 |
|
|
$ |
41,540 |
|
|
$ |
2,678 |
|
|
$ |
— |
|
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Equity Fund
†Percentages based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK — 93.4% |
Austria — 0.3% |
Erste Group Bank AG |
|
|
120,469 |
|
|
$ |
4,186 |
|
|
|
|
|
|
|
|
|
|
Brazil — 4.5% |
Ambev SA * |
|
|
501,400 |
|
|
|
1,314 |
|
Ambev SA ADR * |
|
|
1,050,057 |
|
|
|
2,709 |
|
Arcos Dorados Holdings Inc, Cl A |
|
|
233,058 |
|
|
|
2,205 |
|
Azul SA ADR * |
|
|
117,787 |
|
|
|
1,012 |
|
B3 SA - Brasil Bolsa Balcao |
|
|
183,200 |
|
|
|
449 |
|
Banco Bradesco SA ADR * |
|
|
108,725 |
|
|
|
310 |
|
Banco BTG Pactual SA * |
|
|
128,361 |
|
|
|
796 |
|
Banco do Brasil SA |
|
|
698,183 |
|
|
|
6,591 |
|
BB Seguridade Participacoes SA |
|
|
129,034 |
|
|
|
806 |
|
Cia Energetica de Minas Gerais ADR |
|
|
394,546 |
|
|
|
955 |
|
CPFL Energia SA |
|
|
650,995 |
|
|
|
4,400 |
|
Cyrela Brazil Realty SA Empreendimentos e Participacoes |
|
|
112,300 |
|
|
|
453 |
|
Engie Brasil Energia SA |
|
|
70,117 |
|
|
|
581 |
|
Gerdau SA ADR |
|
|
202,268 |
|
|
|
965 |
|
Klabin SA |
|
|
130,703 |
|
|
|
625 |
|
Lojas Renner SA * |
|
|
412,800 |
|
|
|
1,105 |
|
MercadoLibre Inc * |
|
|
1,318 |
|
|
|
1,671 |
|
Multiplan Empreendimentos Imobiliarios SA * |
|
|
507,100 |
|
|
|
2,497 |
|
Natura & Co Holding SA * |
|
|
2,064,900 |
|
|
|
6,019 |
|
Petroleo Brasileiro SA ADR * |
|
|
245,416 |
|
|
|
3,679 |
|
PRIO SA * |
|
|
449,065 |
|
|
|
4,217 |
|
Raia Drogasil SA |
|
|
85,515 |
|
|
|
472 |
|
Rumo SA |
|
|
628,100 |
|
|
|
2,872 |
|
Sendas Distribuidora S/A |
|
|
2,249,900 |
|
|
|
5,480 |
|
SLC Agricola SA |
|
|
28,792 |
|
|
|
226 |
|
Suzano SA |
|
|
44,183 |
|
|
|
477 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Telefonica Brasil SA |
|
|
55,222 |
|
|
$ |
474 |
|
TIM SA/Brazil |
|
|
501,400 |
|
|
|
1,498 |
|
TIM SA/Brazil ADR (A) |
|
|
38,243 |
|
|
|
570 |
|
Ultrapar Participacoes SA |
|
|
42,256 |
|
|
|
159 |
|
Vale SA |
|
|
195,700 |
|
|
|
2,639 |
|
Vale SA ADR, Cl B |
|
|
157,413 |
|
|
|
2,109 |
|
WEG SA |
|
|
315,853 |
|
|
|
2,293 |
|
YDUQS Participacoes SA |
|
|
312,800 |
|
|
|
1,238 |
|
|
|
|
|
|
|
|
63,866 |
|
|
|
|
|
|
|
|
|
|
Canada — 0.1% |
Ivanhoe Mines Ltd, Cl A * |
|
|
170,233 |
|
|
|
1,466 |
|
|
|
|
|
|
|
|
|
|
Chile — 0.7% |
Banco de Chile |
|
|
59,089,197 |
|
|
|
5,985 |
|
Banco Santander Chile ADR |
|
|
7,331 |
|
|
|
135 |
|
Cencosud SA |
|
|
220,791 |
|
|
|
416 |
|
Enel Chile ADR |
|
|
72,258 |
|
|
|
214 |
|
Enel Chile SA |
|
|
35,066,953 |
|
|
|
2,120 |
|
Sociedad Quimica y Minera de Chile SA ADR |
|
|
5,033 |
|
|
|
300 |
|
|
|
|
|
|
|
|
9,170 |
|
|
|
|
|
|
|
|
|
|
China — 25.9% |
37 Interactive Entertainment Network Technology Group Co Ltd, Cl A |
|
|
1,523,600 |
|
|
|
4,554 |
|
3SBio Inc |
|
|
497,592 |
|
|
|
416 |
|
Agricultural Bank of China Ltd, Cl H |
|
|
13,609,000 |
|
|
|
5,060 |
|
Alibaba Group Holding Ltd * |
|
|
3,882,972 |
|
|
|
42,095 |
|
Aluminum Corp of China Ltd, Cl A |
|
|
833,082 |
|
|
|
718 |
|
Anhui Conch Cement Co Ltd, Cl H |
|
|
797,500 |
|
|
|
2,110 |
|
Anhui Yingjia Distillery, Cl A |
|
|
125,900 |
|
|
|
1,274 |
|
ANTA Sports Products Ltd |
|
|
55,024 |
|
|
|
616 |
|
Avary Holding Shenzhen, Cl A |
|
|
142,300 |
|
|
|
397 |
|
Baidu Inc ADR * |
|
|
74,584 |
|
|
|
10,020 |
|
Bank of Beijing, Cl A |
|
|
771,502 |
|
|
|
489 |
|
Bank of China Ltd, Cl H |
|
|
14,975,701 |
|
|
|
5,217 |
|
Bank of Communications Co Ltd, Cl H |
|
|
4,166,707 |
|
|
|
2,516 |
|
Bank of Jiangsu Co Ltd, Cl A |
|
|
734,392 |
|
|
|
724 |
|
Baoshan Iron & Steel Co Ltd, Cl A |
|
|
489,876 |
|
|
|
409 |
|
BBMG Corp, Cl A |
|
|
665,673 |
|
|
|
201 |
|
BeiGene Ltd ADR * |
|
|
881 |
|
|
|
158 |
|
Beijing Enterprises Holdings Ltd |
|
|
657,404 |
|
|
|
2,261 |
|
Beijing Tongrentang, Cl A |
|
|
22,800 |
|
|
|
171 |
|
BOE Technology Group Co Ltd, Cl A |
|
|
1,041,700 |
|
|
|
552 |
|
Bosideng International Holdings Ltd |
|
|
4,066,050 |
|
|
|
1,745 |
|
Budweiser Brewing Co APAC Ltd |
|
|
906,000 |
|
|
|
1,780 |
|
BYD Co Ltd, Cl H |
|
|
210,756 |
|
|
|
6,493 |
|
BYD Electronic International Co Ltd |
|
|
597,500 |
|
|
|
2,714 |
|
China CITIC Bank Corp Ltd, Cl H |
|
|
1,020,874 |
|
|
|
474 |
|
China Communications Services Corp Ltd, Cl H |
|
|
6,540,712 |
|
|
|
2,744 |
|
China Construction Bank Corp, Cl H |
|
|
13,522,513 |
|
|
|
7,601 |
|
China Everbright Bank, Cl A |
|
|
637,500 |
|
|
|
268 |
|
China Everbright Bank Co Ltd, Cl H |
|
|
4,398,900 |
|
|
|
1,317 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
China Hongqiao Group Ltd |
|
|
53,499 |
|
|
$ |
52 |
|
China Life Insurance Co Ltd, Cl H |
|
|
174,628 |
|
|
|
271 |
|
China Medical System Holdings Ltd |
|
|
2,383,990 |
|
|
|
3,598 |
|
China Meidong Auto Holdings Ltd |
|
|
4,508,000 |
|
|
|
2,463 |
|
China Merchants Securities Co Ltd, Cl A |
|
|
237,776 |
|
|
|
457 |
|
China Overseas Land & Investment Ltd |
|
|
1,976,500 |
|
|
|
4,083 |
|
China Pacific Insurance Group Co Ltd, Cl H |
|
|
321,858 |
|
|
|
801 |
|
China Petroleum & Chemical Corp, Cl H |
|
|
4,006,981 |
|
|
|
2,179 |
|
China Resources Land Ltd |
|
|
3,547,455 |
|
|
|
14,086 |
|
China Shenhua Energy Co Ltd, Cl H |
|
|
92,624 |
|
|
|
300 |
|
China Tower Corp Ltd, Cl H |
|
|
6,790,000 |
|
|
|
649 |
|
Chinasoft International Ltd |
|
|
733,101 |
|
|
|
520 |
|
Chongqing Brewery Co Ltd, Cl A |
|
|
176,000 |
|
|
|
2,059 |
|
CITIC Ltd |
|
|
270,605 |
|
|
|
248 |
|
CITIC Securities Co Ltd, Cl H |
|
|
920,000 |
|
|
|
1,857 |
|
CMOC Group Ltd, Cl A |
|
|
2,428,000 |
|
|
|
1,975 |
|
Contemporary Amperex Technology Co Ltd, Cl A |
|
|
8,127 |
|
|
|
227 |
|
Daqin Railway Co Ltd, Cl A |
|
|
526,000 |
|
|
|
525 |
|
Dongfeng Motor Group Co Ltd, Cl H |
|
|
3,584,000 |
|
|
|
1,410 |
|
Focus Media Information Technology Co Ltd, Cl A |
|
|
488,275 |
|
|
|
479 |
|
Foshan Haitian Flavouring & Food Co Ltd, Cl A |
|
|
1,172,985 |
|
|
|
6,144 |
|
Fuyao Glass Industry Group Co Ltd, Cl H |
|
|
128,000 |
|
|
|
585 |
|
Ganfeng Lithium Group, Cl A |
|
|
98,000 |
|
|
|
602 |
|
Great Wall Motor Co Ltd, Cl H |
|
|
812,500 |
|
|
|
963 |
|
Gree Electric Appliances Inc of Zhuhai, Cl A |
|
|
117,926 |
|
|
|
588 |
|
GRG Banking Equipment, Cl A |
|
|
172,800 |
|
|
|
287 |
|
Guangzhou Automobile Group Co Ltd, Cl H |
|
|
4,654,000 |
|
|
|
2,293 |
|
Guangzhou Kingmed Diagnostics Group Co Ltd, Cl A |
|
|
451,383 |
|
|
|
3,868 |
|
H World Group Ltd ADR * |
|
|
7,728 |
|
|
|
305 |
|
Haidilao International Holding Ltd |
|
|
2,653,500 |
|
|
|
7,074 |
|
Haier Smart Home Co Ltd, Cl A |
|
|
986,261 |
|
|
|
3,206 |
|
Haier Smart Home Co Ltd, Cl H |
|
|
2,144,859 |
|
|
|
6,703 |
|
Hangzhou Robam Appliances Co Ltd, Cl A |
|
|
57,800 |
|
|
|
214 |
|
Heilongjiang Agriculture, Cl A |
|
|
264,318 |
|
|
|
477 |
|
Heilongjiang Agriculture Co Ltd, Cl A |
|
|
554,882 |
|
|
|
1,001 |
|
Huayu Automotive Systems Co Ltd, Cl A |
|
|
152,175 |
|
|
|
392 |
|
Humanwell Healthcare Group, Cl A |
|
|
110,100 |
|
|
|
366 |
|
Industrial & Commercial Bank of China Ltd, Cl H |
|
|
27,324,267 |
|
|
|
13,104 |
|
Inner Mongolia ERDOS Resources Co Ltd, Cl A |
|
|
21,140 |
|
|
|
27 |
|
Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd, Cl A |
|
|
26,598 |
|
|
|
15 |
|
iQIYI Inc ADR * |
|
|
1,564,351 |
|
|
|
7,415 |
|
JD.com Inc ADR |
|
|
45,130 |
|
|
|
1,315 |
|
JD.com Inc, Cl A |
|
|
90,700 |
|
|
|
1,319 |
|
Jiangsu Yuyue Medical Equipment & Supply, Cl A |
|
|
105,100 |
|
|
|
496 |
|
Jiangxi Copper Co Ltd, Cl A |
|
|
582,200 |
|
|
|
1,538 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Jointown Pharmaceutical Group Co Ltd, Cl A |
|
|
397,916 |
|
|
$ |
590 |
|
JOYY Inc ADR |
|
|
8,956 |
|
|
|
341 |
|
KE Holdings Inc ADR * |
|
|
16,744 |
|
|
|
260 |
|
Kingsoft Corp Ltd |
|
|
402,500 |
|
|
|
1,450 |
|
Kuaishou Technology, Cl B * |
|
|
106,770 |
|
|
|
849 |
|
Kunlun Energy Co Ltd |
|
|
7,726,635 |
|
|
|
6,648 |
|
Kweichow Moutai Co Ltd, Cl A |
|
|
1,694 |
|
|
|
420 |
|
Lenovo Group Ltd |
|
|
2,796,000 |
|
|
|
2,867 |
|
Li Auto Inc ADR * |
|
|
46,611 |
|
|
|
1,662 |
|
Li Ning Co Ltd |
|
|
64,198 |
|
|
|
268 |
|
Lingyi iTech Guangdong, Cl A |
|
|
519,500 |
|
|
|
407 |
|
Lufax Holding Ltd ADR |
|
|
792,159 |
|
|
|
840 |
|
Meituan, Cl B * |
|
|
715,615 |
|
|
|
10,358 |
|
MINISO Group Holding ADR |
|
|
16,194 |
|
|
|
419 |
|
NARI Technology Co Ltd, Cl A |
|
|
540,696 |
|
|
|
1,645 |
|
NetEase Inc |
|
|
957,230 |
|
|
|
19,191 |
|
NetEase Inc ADR |
|
|
24,408 |
|
|
|
2,445 |
|
New Oriental Education & Technology Group Inc * |
|
|
217,964 |
|
|
|
1,290 |
|
Nongfu Spring Co Ltd, Cl H |
|
|
84,200 |
|
|
|
483 |
|
Offshore Oil Engineering Co Ltd, Cl A |
|
|
407,100 |
|
|
|
362 |
|
PDD Holdings Inc ADR * |
|
|
32,409 |
|
|
|
3,178 |
|
People's Insurance Co Group of China Ltd/The, Cl H |
|
|
1,924,371 |
|
|
|
688 |
|
PetroChina Co Ltd, Cl H |
|
|
6,063,728 |
|
|
|
4,544 |
|
PICC Property & Casualty Co Ltd, Cl H |
|
|
8,697,638 |
|
|
|
11,136 |
|
Ping An Insurance Group Co of China Ltd, Cl A |
|
|
789,914 |
|
|
|
5,266 |
|
Ping An Insurance Group Co of China Ltd, Cl H |
|
|
2,135,384 |
|
|
|
12,110 |
|
Satellite Chemical Co Ltd, Cl A * |
|
|
125,497 |
|
|
|
264 |
|
SDIC Capital, Cl A |
|
|
173,752 |
|
|
|
164 |
|
SF Holding Co Ltd, Cl A |
|
|
433,800 |
|
|
|
2,438 |
|
Shandong Weigao Group Medical Polymer Co Ltd, Cl H |
|
|
1,479,101 |
|
|
|
1,296 |
|
Shanghai Construction Group, Cl A |
|
|
619,800 |
|
|
|
234 |
|
Shanghai Electric Group, Cl A * |
|
|
480,200 |
|
|
|
308 |
|
Shanghai Rural Commercial Bank Co Ltd, Cl A |
|
|
584,571 |
|
|
|
484 |
|
Shanxi Lu'an Environmental Energy Development Co Ltd, Cl A |
|
|
130,600 |
|
|
|
341 |
|
Shenzhen Envicool Technology, Cl A |
|
|
529,208 |
|
|
|
1,910 |
|
Shenzhen International Holdings Ltd |
|
|
18,203 |
|
|
|
11 |
|
Shenzhen Transsion Holdings, Cl A |
|
|
18,000 |
|
|
|
361 |
|
Sinopharm Group Co Ltd, Cl H |
|
|
272,822 |
|
|
|
791 |
|
Sinotruk Hong Kong Ltd |
|
|
39,977 |
|
|
|
77 |
|
Tencent Holdings Ltd |
|
|
519,524 |
|
|
|
20,137 |
|
Tongcheng Travel Holdings * |
|
|
24,877 |
|
|
|
54 |
|
Topsports International Holdings Ltd |
|
|
5,589,541 |
|
|
|
4,225 |
|
TravelSky Technology Ltd, Cl H |
|
|
130,818 |
|
|
|
226 |
|
Trip.com Group Ltd * |
|
|
121,850 |
|
|
|
4,294 |
|
Trip.com Group Ltd ADR * |
|
|
12,837 |
|
|
|
449 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Equity Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Tsingtao Brewery Co Ltd, Cl A |
|
|
48,180 |
|
|
$ |
578 |
|
Uni-President China Holdings Ltd |
|
|
185,190 |
|
|
|
130 |
|
Vipshop Holdings Ltd ADR * |
|
|
644,174 |
|
|
|
10,313 |
|
Weichai Power Co Ltd, Cl H |
|
|
465,000 |
|
|
|
630 |
|
Western Mining, Cl A |
|
|
425,886 |
|
|
|
751 |
|
Wuchan Zhongda Group Co Ltd, Cl A |
|
|
654,800 |
|
|
|
426 |
|
Wuxi Biologics Cayman Inc * |
|
|
125,221 |
|
|
|
728 |
|
Xiaomi Corp, Cl B * |
|
|
920,192 |
|
|
|
1,441 |
|
Xinyi Solar Holdings Ltd |
|
|
3,896,458 |
|
|
|
2,896 |
|
Yadea Group Holdings Ltd |
|
|
1,620,439 |
|
|
|
3,000 |
|
Yangzijiang Shipbuilding Holdings Ltd |
|
|
487,062 |
|
|
|
592 |
|
Youngor Group, Cl A |
|
|
302,700 |
|
|
|
295 |
|
Yuexiu Property Co Ltd |
|
|
398,165 |
|
|
|
458 |
|
Yum China Holdings Inc |
|
|
74,224 |
|
|
|
4,136 |
|
Yunnan Aluminium, Cl A |
|
|
161,185 |
|
|
|
334 |
|
Yutong Bus, Cl A |
|
|
129,100 |
|
|
|
235 |
|
Zhejiang Expressway Co Ltd, Cl H |
|
|
1,420,000 |
|
|
|
1,057 |
|
Zhejiang Supor Co Ltd, Cl A * |
|
|
65,322 |
|
|
|
435 |
|
Zhongjin Gold, Cl A |
|
|
224,553 |
|
|
|
335 |
|
Zhongsheng Group Holdings Ltd |
|
|
767,000 |
|
|
|
2,147 |
|
Zijin Mining Group Co Ltd, Cl H |
|
|
434,798 |
|
|
|
659 |
|
Zoomlion Heavy Industry Science and Technology, Cl A |
|
|
719,900 |
|
|
|
677 |
|
ZTE Corp, Cl H |
|
|
99,985 |
|
|
|
301 |
|
ZTO Express Cayman Inc ADR * |
|
|
19,724 |
|
|
|
477 |
|
|
|
|
|
|
|
|
364,442 |
|
|
|
|
|
|
|
|
|
|
Colombia — 0.0% |
Bancolombia SA ADR, Cl R |
|
|
18,154 |
|
|
|
484 |
|
|
|
|
|
|
|
|
|
|
Czech Republic — 0.0% |
Komercni banka AS |
|
|
4,100 |
|
|
|
120 |
|
|
|
|
|
|
|
|
|
|
Greece — 0.8% |
Alpha Services and Holdings SA * |
|
|
3,749,183 |
|
|
|
4,996 |
|
Eurobank Ergasias Services and Holdings SA * |
|
|
2,912,615 |
|
|
|
4,499 |
|
Hellenic Telecommunications Organization SA |
|
|
30,511 |
|
|
|
446 |
|
JUMBO SA * |
|
|
22,624 |
|
|
|
623 |
|
Motor Oil Hellas Corinth Refineries SA |
|
|
24,059 |
|
|
|
610 |
|
National Bank of Greece SA * |
|
|
71,854 |
|
|
|
406 |
|
OPAP SA |
|
|
17,846 |
|
|
|
300 |
|
|
|
|
|
|
|
|
11,880 |
|
|
|
|
|
|
|
|
|
|
Hong Kong — 1.0% |
AIA Group Ltd |
|
|
877,200 |
|
|
|
7,093 |
|
Chaoda Modern Agriculture Holdings Ltd * |
|
|
2,056,181 |
|
|
|
6 |
|
China High Precision Automation Group Ltd * |
|
|
1,385,624 |
|
|
|
40 |
|
Galaxy Entertainment Group Ltd * |
|
|
431,000 |
|
|
|
2,579 |
|
Vitasoy International Holdings Ltd |
|
|
3,506,000 |
|
|
|
4,237 |
|
WH Group Ltd |
|
|
304,507 |
|
|
|
159 |
|
|
|
|
|
|
|
|
14,114 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Hungary — 1.3% |
MOL Hungarian Oil & Gas PLC |
|
|
550,911 |
|
|
$ |
4,197 |
|
OTP Bank Nyrt |
|
|
272,432 |
|
|
|
9,879 |
|
Richter Gedeon Nyrt |
|
|
184,583 |
|
|
|
4,486 |
|
|
|
|
|
|
|
|
18,562 |
|
|
|
|
|
|
|
|
|
|
India — 12.6% |
Angel One |
|
|
13,209 |
|
|
|
294 |
|
Apollo Tyres Ltd |
|
|
66,980 |
|
|
|
297 |
|
Ashok Leyland Ltd |
|
|
2,643,100 |
|
|
|
5,634 |
|
Asian Paints Ltd |
|
|
13,970 |
|
|
|
532 |
|
Aurobindo Pharma Ltd |
|
|
29,824 |
|
|
|
328 |
|
Axis Bank Ltd |
|
|
105,809 |
|
|
|
1,321 |
|
Bajaj Auto Ltd |
|
|
12,914 |
|
|
|
787 |
|
Bajaj Finance Ltd |
|
|
11,332 |
|
|
|
1,066 |
|
Bank of Baroda |
|
|
185,732 |
|
|
|
479 |
|
Bharat Electronics Ltd |
|
|
543,097 |
|
|
|
905 |
|
Bharat Petroleum Corp Ltd |
|
|
103,828 |
|
|
|
433 |
|
Bharti Airtel Ltd |
|
|
454,484 |
|
|
|
5,070 |
|
Bosch Ltd |
|
|
630 |
|
|
|
144 |
|
Britannia Industries Ltd |
|
|
7,846 |
|
|
|
429 |
|
Canara Bank |
|
|
495,200 |
|
|
|
2,244 |
|
Cholamandalam Investment and Finance Co Ltd |
|
|
21,157 |
|
|
|
310 |
|
Coal India Ltd |
|
|
291,642 |
|
|
|
1,037 |
|
Container Corp Of India Ltd |
|
|
69,506 |
|
|
|
599 |
|
Divi's Laboratories Ltd |
|
|
13,400 |
|
|
|
608 |
|
DLF Ltd |
|
|
654,999 |
|
|
|
4,188 |
|
Dr Reddy's Laboratories Ltd ADR |
|
|
114,279 |
|
|
|
7,642 |
|
Exide Industries Ltd |
|
|
781,286 |
|
|
|
2,452 |
|
Federal Bank Ltd |
|
|
173,676 |
|
|
|
308 |
|
GAIL India Ltd |
|
|
340,029 |
|
|
|
509 |
|
Grasim Industries Ltd |
|
|
30,502 |
|
|
|
713 |
|
HCL Technologies Ltd |
|
|
766,612 |
|
|
|
11,399 |
|
HDFC Asset Management Co Ltd |
|
|
51,234 |
|
|
|
1,633 |
|
HDFC Bank Ltd |
|
|
632,071 |
|
|
|
11,618 |
|
HDFC Bank Ltd ADR |
|
|
110,471 |
|
|
|
6,519 |
|
Hero MotoCorp Ltd |
|
|
142,778 |
|
|
|
5,257 |
|
Hindalco Industries Ltd |
|
|
110,106 |
|
|
|
653 |
|
Hindustan Aeronautics |
|
|
30,158 |
|
|
|
700 |
|
Hindustan Unilever Ltd |
|
|
27,588 |
|
|
|
819 |
|
ICICI Bank Ltd |
|
|
249,025 |
|
|
|
2,855 |
|
ICICI Bank Ltd ADR |
|
|
567,343 |
|
|
|
13,117 |
|
IndiaMart InterMesh |
|
|
60,268 |
|
|
|
2,088 |
|
Indian Oil Corp Ltd |
|
|
408,776 |
|
|
|
448 |
|
Indraprastha Gas Ltd |
|
|
126,189 |
|
|
|
691 |
|
Infosys Ltd |
|
|
172,492 |
|
|
|
2,982 |
|
Infosys Ltd ADR |
|
|
487,047 |
|
|
|
8,333 |
|
ITC Ltd |
|
|
271,253 |
|
|
|
1,452 |
|
Jindal Steel & Power Ltd |
|
|
91,654 |
|
|
|
774 |
|
Jio Financial Services * |
|
|
139,783 |
|
|
|
389 |
|
JSW Energy |
|
|
435,755 |
|
|
|
2,295 |
|
JSW Steel Ltd |
|
|
29,834 |
|
|
|
280 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Kotak Mahindra Bank Ltd |
|
|
21,770 |
|
|
$ |
455 |
|
KPIT Technologies Ltd |
|
|
232,652 |
|
|
|
3,228 |
|
L&T Finance Holdings |
|
|
198,131 |
|
|
|
318 |
|
Larsen & Toubro Ltd |
|
|
53,760 |
|
|
|
1,957 |
|
Life Insurance Corp of India |
|
|
65,529 |
|
|
|
513 |
|
Lupin |
|
|
22,688 |
|
|
|
320 |
|
Mahindra & Mahindra GDR |
|
|
258,934 |
|
|
|
4,881 |
|
Mahindra & Mahindra Ltd |
|
|
43,754 |
|
|
|
819 |
|
Manappuram Finance Ltd |
|
|
177,099 |
|
|
|
320 |
|
Maruti Suzuki India Ltd |
|
|
34,546 |
|
|
|
4,414 |
|
Max Healthcare Institute |
|
|
44,799 |
|
|
|
306 |
|
MRF |
|
|
329 |
|
|
|
425 |
|
Muthoot Finance Ltd |
|
|
32,304 |
|
|
|
487 |
|
Nestle India Ltd |
|
|
2,693 |
|
|
|
730 |
|
NTPC Ltd |
|
|
366,016 |
|
|
|
1,082 |
|
Oil & Natural Gas Corp Ltd |
|
|
447,259 |
|
|
|
1,033 |
|
Petronet LNG Ltd |
|
|
1,192,652 |
|
|
|
3,446 |
|
PI Industries |
|
|
7,390 |
|
|
|
307 |
|
Polycab India |
|
|
7,412 |
|
|
|
477 |
|
Power Finance Corp Ltd |
|
|
285,588 |
|
|
|
866 |
|
Power Grid Corp of India Ltd |
|
|
2,131,627 |
|
|
|
5,128 |
|
Reliance Industries Ltd |
|
|
288,589 |
|
|
|
8,149 |
|
SBI Life Insurance Co Ltd |
|
|
46,655 |
|
|
|
733 |
|
Shriram Transport Finance Co Ltd |
|
|
123,927 |
|
|
|
2,864 |
|
Siemens Ltd |
|
|
10,829 |
|
|
|
479 |
|
Sobha Ltd |
|
|
246,988 |
|
|
|
2,099 |
|
State Bank of India |
|
|
144,218 |
|
|
|
1,040 |
|
Sun Pharmaceutical Industries Ltd |
|
|
22,649 |
|
|
|
316 |
|
Tata Consultancy Services Ltd |
|
|
118,876 |
|
|
|
5,051 |
|
Tata Motors Ltd |
|
|
147,595 |
|
|
|
1,120 |
|
Tata Steel Ltd |
|
|
546,192 |
|
|
|
848 |
|
Tech Mahindra Ltd |
|
|
24,029 |
|
|
|
354 |
|
Titan Co Ltd |
|
|
7,202 |
|
|
|
273 |
|
Torrent Pharmaceuticals Ltd |
|
|
72,388 |
|
|
|
1,682 |
|
UltraTech Cement Ltd |
|
|
11,515 |
|
|
|
1,145 |
|
UPL Ltd |
|
|
435,002 |
|
|
|
3,228 |
|
Wipro Ltd |
|
|
59,534 |
|
|
|
291 |
|
WNS Holdings Ltd ADR * |
|
|
7,788 |
|
|
|
533 |
|
Zomato * |
|
|
1,929,746 |
|
|
|
2,359 |
|
|
|
|
|
|
|
|
176,707 |
|
|
|
|
|
|
|
|
|
|
Indonesia — 2.9% |
Ace Hardware Indonesia Tbk PT |
|
|
34,378,000 |
|
|
|
1,668 |
|
Aneka Tambang Tbk |
|
|
17,257,900 |
|
|
|
2,027 |
|
Astra International Tbk PT |
|
|
1,762,352 |
|
|
|
710 |
|
Bank Central Asia Tbk PT |
|
|
13,541,426 |
|
|
|
7,732 |
|
Bank Mandiri Persero Tbk PT |
|
|
1,737,487 |
|
|
|
677 |
|
Bank Negara Indonesia Persero Tbk PT |
|
|
981,855 |
|
|
|
656 |
|
Bank Rakyat Indonesia Persero Tbk PT |
|
|
49,154,009 |
|
|
|
16,618 |
|
Indofood CBP Sukses Makmur Tbk PT |
|
|
850,160 |
|
|
|
609 |
|
Indofood Sukses Makmur Tbk PT |
|
|
2,986,985 |
|
|
|
1,281 |
|
Kalbe Farma Tbk PT |
|
|
47,441,800 |
|
|
|
5,387 |
|
Merdeka Battery Materials * |
|
|
28,172,000 |
|
|
|
1,468 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Sumber Alfaria Trijaya Tbk PT |
|
|
4,030,500 |
|
|
$ |
772 |
|
Telkom Indonesia Persero Tbk PT |
|
|
2,259,367 |
|
|
|
548 |
|
United Tractors Tbk PT |
|
|
377,099 |
|
|
|
689 |
|
|
|
|
|
|
|
|
40,842 |
|
|
|
|
|
|
|
|
|
|
Japan — 0.4% |
Unicharm Corp |
|
|
140,600 |
|
|
|
4,985 |
|
|
|
|
|
|
|
|
|
|
Jordan — 0.2% |
Hikma Pharmaceuticals PLC |
|
|
95,822 |
|
|
|
2,442 |
|
|
|
|
|
|
|
|
|
|
Kuwait — 0.1% |
Kuwait Finance House KSCP |
|
|
187,234 |
|
|
|
443 |
|
National Bank of Kuwait SAKP |
|
|
239,832 |
|
|
|
703 |
|
|
|
|
|
|
|
|
1,146 |
|
|
|
|
|
|
|
|
|
|
Malaysia — 0.7% |
CIMB Group Holdings Bhd |
|
|
674,132 |
|
|
|
779 |
|
Gamuda Bhd |
|
|
2,938,860 |
|
|
|
2,773 |
|
Malayan Banking Bhd |
|
|
908,500 |
|
|
|
1,701 |
|
Petronas Dagangan Bhd |
|
|
44,500 |
|
|
|
212 |
|
Public Bank Bhd |
|
|
5,168,000 |
|
|
|
4,469 |
|
|
|
|
|
|
|
|
9,934 |
|
|
|
|
|
|
|
|
|
|
Mexico — 3.0% |
Alsea SAB de CV * |
|
|
1,000,900 |
|
|
|
3,663 |
|
America Movil SAB de CV ADR |
|
|
52,708 |
|
|
|
913 |
|
Arca Continental SAB de CV |
|
|
68,201 |
|
|
|
623 |
|
Banco del Bajio SA |
|
|
64,593 |
|
|
|
203 |
|
Cemex SAB de CV ADR * |
|
|
464,765 |
|
|
|
3,021 |
|
Coca-Cola Femsa SAB de CV |
|
|
72,800 |
|
|
|
570 |
|
Fibra Uno Administracion SA de CV ‡ |
|
|
432,314 |
|
|
|
725 |
|
Fomento Economico Mexicano SAB de CV |
|
|
828,900 |
|
|
|
9,062 |
|
Fomento Economico Mexicano SAB de CV ADR |
|
|
15,629 |
|
|
|
1,706 |
|
Gruma SAB de CV, Cl B |
|
|
95,767 |
|
|
|
1,640 |
|
Grupo Aeroportuario del Centro Norte SAB de CV, Cl B |
|
|
112,200 |
|
|
|
1,223 |
|
Grupo Financiero Banorte SAB de CV, Cl O |
|
|
1,649,118 |
|
|
|
13,861 |
|
Grupo Mexico SAB de CV, Ser B |
|
|
596,984 |
|
|
|
2,829 |
|
Promotora y Operadora de Infraestructura SAB de CV |
|
|
112,091 |
|
|
|
1,002 |
|
Ternium SA ADR |
|
|
7,115 |
|
|
|
284 |
|
Vista Energy ADR * |
|
|
13,921 |
|
|
|
423 |
|
Wal-Mart de Mexico SAB de CV |
|
|
118,710 |
|
|
|
449 |
|
|
|
|
|
|
|
|
42,197 |
|
|
|
|
|
|
|
|
|
|
Panama — 0.2% |
Copa Holdings SA, Cl A |
|
|
27,144 |
|
|
|
2,419 |
|
|
|
|
|
|
|
|
|
|
Peru — 0.0% |
Credicorp Ltd |
|
|
1,871 |
|
|
|
239 |
|
|
|
|
|
|
|
|
|
|
Philippines — 0.3% |
BDO Unibank Inc |
|
|
1,452,921 |
|
|
|
3,644 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Equity Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
International Container Terminal Services Inc |
|
|
56,864 |
|
|
$ |
208 |
|
|
|
|
|
|
|
|
3,852 |
|
|
|
|
|
|
|
|
|
|
Poland — 1.0% |
Bank Polska Kasa Opieki SA |
|
|
125,276 |
|
|
|
2,897 |
|
KGHM Polska Miedz SA |
|
|
150,883 |
|
|
|
3,870 |
|
LPP SA |
|
|
800 |
|
|
|
2,383 |
|
ORLEN SA |
|
|
137,339 |
|
|
|
1,847 |
|
PGE Polska Grupa Energetyczna SA * |
|
|
93,064 |
|
|
|
160 |
|
Powszechny Zaklad Ubezpieczen SA |
|
|
373,758 |
|
|
|
3,542 |
|
|
|
|
|
|
|
|
14,699 |
|
|
|
|
|
|
|
|
|
|
Qatar — 0.1% |
Commercial Bank PSQC/The |
|
|
329,639 |
|
|
|
489 |
|
Ooredoo QPSC |
|
|
202,224 |
|
|
|
594 |
|
Qatar Islamic Bank SAQ |
|
|
82,629 |
|
|
|
421 |
|
Qatar National Bank QPSC |
|
|
62,541 |
|
|
|
265 |
|
|
|
|
|
|
|
|
1,769 |
|
|
|
|
|
|
|
|
|
|
Russia — 0.0% |
Alrosa PJSC (B) |
|
|
605,728 |
|
|
|
– |
|
Gazprom PJSC * |
|
|
279,264 |
|
|
|
– |
|
Gazprom PJSC ADR * |
|
|
35,029 |
|
|
|
– |
|
LUKOIL PJSC |
|
|
109,206 |
|
|
|
– |
|
Magnit PJSC GDR * |
|
|
83,607 |
|
|
|
– |
|
Mobile TeleSystems PJSC |
|
|
1,398,028 |
|
|
|
– |
|
Rosneft Oil Co PJSC (B) |
|
|
230,389 |
|
|
|
– |
|
Sberbank of Russia PJSC |
|
|
417,388 |
|
|
|
– |
|
Sberbank of Russia PJSC ADR * |
|
|
58,444 |
|
|
|
– |
|
Surgutneftegas PJSC ADR *(A) |
|
|
501,658 |
|
|
|
– |
|
|
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
Saudi Arabia — 1.9% |
Al Rajhi Bank |
|
|
41,642 |
|
|
|
754 |
|
Alinma Bank |
|
|
45,993 |
|
|
|
410 |
|
Arab National Bank |
|
|
87,962 |
|
|
|
563 |
|
Arabian Centres |
|
|
54,013 |
|
|
|
287 |
|
Arabian Drilling Co |
|
|
44,440 |
|
|
|
2,223 |
|
Banque Saudi Fransi |
|
|
167,896 |
|
|
|
1,635 |
|
Bupa Arabia for Cooperative Insurance Co |
|
|
7,425 |
|
|
|
412 |
|
Dr Sulaiman Al Habib Medical Services Group Co |
|
|
4,732 |
|
|
|
297 |
|
Elm Co |
|
|
4,047 |
|
|
|
842 |
|
Etihad Etisalat Co |
|
|
345,447 |
|
|
|
4,104 |
|
Leejam Sports Co JSC |
|
|
16,142 |
|
|
|
612 |
|
National Industrialization Co * |
|
|
38,674 |
|
|
|
131 |
|
National Medical Care |
|
|
5,542 |
|
|
|
181 |
|
Riyad Bank |
|
|
67,167 |
|
|
|
497 |
|
SABIC Agri-Nutrients Co |
|
|
41,985 |
|
|
|
1,490 |
|
Sahara International Petrochemical Co |
|
|
49,293 |
|
|
|
498 |
|
Saudi Airlines Catering |
|
|
81,024 |
|
|
|
2,225 |
|
Saudi Arabian Oil Co |
|
|
235,773 |
|
|
|
2,197 |
|
Saudi Aramco Base Oil |
|
|
10,340 |
|
|
|
410 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Saudi Awwal Bank |
|
|
110,815 |
|
|
$ |
1,020 |
|
Saudi Basic Industries Corp |
|
|
14,446 |
|
|
|
318 |
|
Saudi National Bank/The |
|
|
352,900 |
|
|
|
3,088 |
|
Saudi Telecom Co |
|
|
303,463 |
|
|
|
3,043 |
|
|
|
|
|
|
|
|
27,237 |
|
|
|
|
|
|
|
|
|
|
South Africa — 3.7% |
African Rainbow Minerals Ltd |
|
|
28,717 |
|
|
|
259 |
|
Anglo American PLC |
|
|
78,948 |
|
|
|
2,201 |
|
AVI Ltd |
|
|
1,620,445 |
|
|
|
6,420 |
|
Bid Corp Ltd |
|
|
16,118 |
|
|
|
361 |
|
Bidvest Group Ltd/The |
|
|
206,220 |
|
|
|
2,986 |
|
Capitec Bank Holdings Ltd |
|
|
48,057 |
|
|
|
4,378 |
|
Exxaro Resources Ltd |
|
|
21,261 |
|
|
|
195 |
|
FirstRand Ltd |
|
|
480,582 |
|
|
|
1,629 |
|
Gold Fields Ltd |
|
|
47,683 |
|
|
|
520 |
|
Gold Fields Ltd ADR |
|
|
204,434 |
|
|
|
2,220 |
|
Growthpoint Properties Ltd ‡ |
|
|
766,836 |
|
|
|
429 |
|
Harmony Gold Mining Co Ltd ADR |
|
|
96,946 |
|
|
|
365 |
|
Impala Platinum Holdings Ltd |
|
|
19,677 |
|
|
|
103 |
|
Kumba Iron Ore Ltd |
|
|
54,546 |
|
|
|
1,317 |
|
MTN Group Ltd |
|
|
48,722 |
|
|
|
292 |
|
Naspers, Cl N * |
|
|
138,794 |
|
|
|
22,290 |
|
Nedbank Group Ltd |
|
|
233,523 |
|
|
|
2,508 |
|
NEPI Rockcastle |
|
|
65,262 |
|
|
|
361 |
|
Old Mutual Ltd |
|
|
2,040,592 |
|
|
|
1,306 |
|
Sanlam Ltd |
|
|
181,131 |
|
|
|
631 |
|
Sibanye Stillwater Ltd |
|
|
328,658 |
|
|
|
510 |
|
Standard Bank Group Ltd |
|
|
106,729 |
|
|
|
1,041 |
|
|
|
|
|
|
|
|
52,322 |
|
|
|
|
|
|
|
|
|
|
South Korea — 12.5% |
BGF retail Co Ltd |
|
|
18,633 |
|
|
|
1,948 |
|
CJ CheilJedang Corp |
|
|
16,065 |
|
|
|
3,647 |
|
Classys |
|
|
9,861 |
|
|
|
275 |
|
Cosmax Inc * |
|
|
34,546 |
|
|
|
3,299 |
|
Coway Co Ltd |
|
|
74,885 |
|
|
|
2,286 |
|
DB HiTek Co Ltd |
|
|
8,811 |
|
|
|
319 |
|
DB Insurance Co Ltd |
|
|
10,692 |
|
|
|
708 |
|
Doosan Bobcat Inc |
|
|
15,466 |
|
|
|
584 |
|
Doosan Enerbility Co Ltd * |
|
|
56,188 |
|
|
|
683 |
|
Eugene Technology |
|
|
28,846 |
|
|
|
821 |
|
GS Holdings Corp |
|
|
16,037 |
|
|
|
473 |
|
HAESUNG DS Co Ltd |
|
|
6,228 |
|
|
|
259 |
|
Hana Financial Group Inc |
|
|
434,601 |
|
|
|
13,615 |
|
Hankook Tire & Technology Co Ltd |
|
|
105,463 |
|
|
|
3,085 |
|
Hanmi Pharm Co Ltd |
|
|
1,399 |
|
|
|
310 |
|
Hanon Systems |
|
|
128,997 |
|
|
|
899 |
|
Hanwha Aerospace Co Ltd |
|
|
1,833 |
|
|
|
142 |
|
HD Hyundai Co Ltd |
|
|
8,741 |
|
|
|
429 |
|
HPSP Co Ltd (A) |
|
|
93,525 |
|
|
|
2,084 |
|
Hugel Inc * |
|
|
2,024 |
|
|
|
187 |
|
Hyundai Glovis Co Ltd |
|
|
4,512 |
|
|
|
616 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Hyundai Marine & Fire Insurance Co Ltd |
|
|
18,927 |
|
|
$ |
455 |
|
Hyundai Mobis Co Ltd |
|
|
14,936 |
|
|
|
2,658 |
|
Hyundai Motor Co |
|
|
6,319 |
|
|
|
894 |
|
Hyundai Steel Co |
|
|
60,337 |
|
|
|
1,697 |
|
Industrial Bank of Korea |
|
|
77,564 |
|
|
|
644 |
|
KB Financial Group Inc |
|
|
28,914 |
|
|
|
1,179 |
|
Kia Corp |
|
|
267,861 |
|
|
|
16,123 |
|
Korea Aerospace Industries Ltd |
|
|
18,050 |
|
|
|
652 |
|
Korea Shipbuilding & Offshore Engineering Co Ltd * |
|
|
3,757 |
|
|
|
309 |
|
Kumho Petrochemical Co Ltd |
|
|
5,753 |
|
|
|
571 |
|
LG Chem Ltd |
|
|
14,641 |
|
|
|
5,361 |
|
LG Corp |
|
|
148,254 |
|
|
|
9,216 |
|
LG Electronics Inc |
|
|
97,530 |
|
|
|
7,277 |
|
LG Energy Solution Ltd * |
|
|
821 |
|
|
|
290 |
|
LG Uplus Corp |
|
|
574,831 |
|
|
|
4,414 |
|
Meritz Financial Group |
|
|
8,233 |
|
|
|
337 |
|
NAVER Corp |
|
|
19,874 |
|
|
|
2,971 |
|
NCSoft Corp |
|
|
4,677 |
|
|
|
769 |
|
NH Investment & Securities Co Ltd |
|
|
376,345 |
|
|
|
2,849 |
|
NongShim Co Ltd |
|
|
953 |
|
|
|
333 |
|
Orion Corp/Republic of Korea |
|
|
20,577 |
|
|
|
1,961 |
|
Pan Ocean Co Ltd |
|
|
596,067 |
|
|
|
2,182 |
|
POSCO Holdings Inc |
|
|
9,242 |
|
|
|
3,641 |
|
Samsung C&T Corp |
|
|
42,570 |
|
|
|
3,394 |
|
Samsung Electronics Co Ltd |
|
|
1,138,478 |
|
|
|
57,555 |
|
Samsung SDI Co Ltd |
|
|
5,909 |
|
|
|
2,233 |
|
Samsung SDS Co Ltd |
|
|
4,565 |
|
|
|
457 |
|
Samsung Securities |
|
|
16,234 |
|
|
|
442 |
|
SK Hynix Inc |
|
|
90,203 |
|
|
|
7,637 |
|
Woori Financial Group Inc |
|
|
81,074 |
|
|
|
735 |
|
Youngone Corp |
|
|
10,516 |
|
|
|
376 |
|
|
|
|
|
|
|
|
176,281 |
|
|
|
|
|
|
|
|
|
|
Taiwan — 12.9% |
Accton Technology Corp |
|
|
23,000 |
|
|
|
353 |
|
Acer Inc |
|
|
263,000 |
|
|
|
296 |
|
Advantech |
|
|
443,000 |
|
|
|
4,743 |
|
Alchip Technologies Ltd |
|
|
25,000 |
|
|
|
2,096 |
|
AP Memory Technology |
|
|
154,000 |
|
|
|
1,833 |
|
ASE Technology Holding Co Ltd |
|
|
293,664 |
|
|
|
1,002 |
|
Catcher Technology Co Ltd |
|
|
138,826 |
|
|
|
786 |
|
Cathay Financial Holding Co Ltd |
|
|
591,000 |
|
|
|
816 |
|
Chailease Holding Co Ltd |
|
|
396,936 |
|
|
|
2,229 |
|
Cheng Shin Rubber Industry Co Ltd |
|
|
277,500 |
|
|
|
366 |
|
Chroma ATE Inc |
|
|
285,000 |
|
|
|
2,444 |
|
Chunghwa Telecom Co Ltd |
|
|
83,031 |
|
|
|
298 |
|
Compal Electronics Inc |
|
|
322,689 |
|
|
|
307 |
|
CTBC Financial Holding Co Ltd |
|
|
16,939,817 |
|
|
|
12,870 |
|
Delta Electronics Inc |
|
|
876,000 |
|
|
|
8,823 |
|
Elite Material Co Ltd |
|
|
137,000 |
|
|
|
1,822 |
|
Far EasTone Telecommunications Co Ltd |
|
|
182,000 |
|
|
|
410 |
|
Feng TAY Enterprise Co Ltd |
|
|
36,400 |
|
|
|
207 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
First Financial Holding Co Ltd |
|
|
521,180 |
|
|
$ |
429 |
|
Formosa Plastics Corp |
|
|
296,501 |
|
|
|
733 |
|
Foxconn Technology Co Ltd |
|
|
179,000 |
|
|
|
320 |
|
Fubon Financial Holding Co Ltd |
|
|
2,434,807 |
|
|
|
4,584 |
|
Hon Hai Precision Industry Co Ltd |
|
|
575,631 |
|
|
|
1,855 |
|
Largan Precision Co Ltd |
|
|
4,738 |
|
|
|
314 |
|
Lite-On Technology Corp |
|
|
72,636 |
|
|
|
274 |
|
Macronix International Co Ltd |
|
|
4,520,000 |
|
|
|
4,432 |
|
Makalot Industrial Co Ltd |
|
|
64,000 |
|
|
|
667 |
|
MediaTek Inc |
|
|
99,443 |
|
|
|
2,274 |
|
Mega Financial Holding Co Ltd |
|
|
924,072 |
|
|
|
1,080 |
|
Micro-Star International Co Ltd |
|
|
1,155,353 |
|
|
|
5,878 |
|
MPI |
|
|
85,000 |
|
|
|
541 |
|
Nan Ya Plastics Corp |
|
|
446,209 |
|
|
|
921 |
|
Nanya Technology Corp |
|
|
66,000 |
|
|
|
135 |
|
Nien Made Enterprise Co Ltd |
|
|
122,000 |
|
|
|
1,171 |
|
Novatek Microelectronics Corp |
|
|
73,293 |
|
|
|
962 |
|
Pegatron Corp |
|
|
120,304 |
|
|
|
286 |
|
Pou Chen Corp |
|
|
496,429 |
|
|
|
441 |
|
Powertech Technology Inc |
|
|
93,000 |
|
|
|
293 |
|
President Chain Store Corp |
|
|
37,947 |
|
|
|
308 |
|
Quanta Computer Inc |
|
|
240,000 |
|
|
|
1,796 |
|
Radiant Opto-Electronics Corp |
|
|
147,169 |
|
|
|
561 |
|
Realtek Semiconductor Corp |
|
|
45,000 |
|
|
|
553 |
|
SinoPac Financial Holdings Co Ltd |
|
|
500,209 |
|
|
|
270 |
|
Supreme Electronics Co Ltd |
|
|
290,000 |
|
|
|
495 |
|
Taishin Financial Holding Co Ltd |
|
|
1,067,249 |
|
|
|
592 |
|
Taiwan Cooperative Financial Holding Co Ltd |
|
|
289,800 |
|
|
|
230 |
|
Taiwan Semiconductor Manufacturing Co Ltd |
|
|
4,167,470 |
|
|
|
67,956 |
|
Taiwan Semiconductor Manufacturing Co Ltd ADR |
|
|
153,715 |
|
|
|
13,358 |
|
Unimicron Technology Corp |
|
|
950,000 |
|
|
|
5,126 |
|
Uni-President Enterprises Corp |
|
|
4,547,875 |
|
|
|
9,885 |
|
United Microelectronics Corp |
|
|
4,044,967 |
|
|
|
5,680 |
|
Voltronic Power Technology |
|
|
5,500 |
|
|
|
271 |
|
Winbond Electronics Corp |
|
|
284,134 |
|
|
|
223 |
|
Wiwynn Corp |
|
|
78,642 |
|
|
|
3,667 |
|
WPG Holdings Ltd |
|
|
246,000 |
|
|
|
462 |
|
Yuanta Financial Holding Co Ltd |
|
|
1,262,090 |
|
|
|
980 |
|
Zhen Ding Technology Holding Ltd |
|
|
122,712 |
|
|
|
375 |
|
|
|
|
|
|
|
|
182,079 |
|
|
|
|
|
|
|
|
|
|
Thailand — 2.1% |
Advanced Info Service PCL NVDR |
|
|
130,900 |
|
|
|
820 |
|
Bangkok Bank PCL NVDR |
|
|
124,369 |
|
|
|
572 |
|
Bangkok Chain Hospital NVDR |
|
|
505,722 |
|
|
|
274 |
|
Bangkok Dusit Medical Services PCL NVDR |
|
|
38 |
|
|
|
– |
|
Bumrungrad Hospital PCL NVDR |
|
|
85,163 |
|
|
|
627 |
|
Chularat Hospital PCL NVDR |
|
|
2 |
|
|
|
– |
|
CP ALL PCL NVDR |
|
|
273,900 |
|
|
|
455 |
|
Hana Microelectronics NVDR |
|
|
599,900 |
|
|
|
980 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Equity Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Kasikornbank PCL NVDR |
|
|
1,753,700 |
|
|
$ |
6,068 |
|
Krung Thai Bank PCL NVDR |
|
|
1,114,230 |
|
|
|
581 |
|
Minor International PCL NVDR |
|
|
643,200 |
|
|
|
552 |
|
PTT Exploration & Production PCL |
|
|
1,571,300 |
|
|
|
7,379 |
|
PTT Exploration & Production PCL NVDR |
|
|
60,260 |
|
|
|
283 |
|
PTT Oil & Retail Business |
|
|
6,832,800 |
|
|
|
3,509 |
|
PTT PCL NVDR |
|
|
6,316,000 |
|
|
|
5,811 |
|
Supalai PCL NVDR |
|
|
660,915 |
|
|
|
365 |
|
Thanachart Capital PCL NVDR |
|
|
390,911 |
|
|
|
537 |
|
|
|
|
|
|
|
|
28,813 |
|
|
|
|
|
|
|
|
|
|
Turkey — 0.7% |
BIM Birlesik Magazalar AS |
|
|
311,724 |
|
|
|
3,123 |
|
Haci Omer Sabanci Holding AS |
|
|
240,277 |
|
|
|
523 |
|
KOC Holding AS |
|
|
510,697 |
|
|
|
2,733 |
|
Tofas Turk Otomobil Fabrikasi AS |
|
|
45,433 |
|
|
|
490 |
|
Turk Hava Yollari AO * |
|
|
78,921 |
|
|
|
698 |
|
Turkcell Iletisim Hizmetleri AS |
|
|
816,148 |
|
|
|
1,587 |
|
Turkiye Sise ve Cam Fabrikalari AS |
|
|
292,200 |
|
|
|
582 |
|
|
|
|
|
|
|
|
9,736 |
|
|
|
|
|
|
|
|
|
|
United Arab Emirates — 2.2% |
Abu Dhabi Islamic Bank PJSC |
|
|
256,334 |
|
|
|
786 |
|
Aldar Properties PJSC |
|
|
1,003,119 |
|
|
|
1,573 |
|
Dubai Islamic Bank PJSC |
|
|
2,715,167 |
|
|
|
4,325 |
|
Emaar Properties PJSC |
|
|
6,843,299 |
|
|
|
14,976 |
|
Emirates NBD Bank PJSC |
|
|
1,190,803 |
|
|
|
5,771 |
|
Emirates Telecommunications Group Co PJSC |
|
|
102,440 |
|
|
|
570 |
|
Fertiglobe plc |
|
|
2,375,650 |
|
|
|
2,257 |
|
|
|
|
|
|
|
|
30,258 |
|
|
|
|
|
|
|
|
|
|
United Kingdom — 0.6% |
Unilever PLC |
|
|
179,874 |
|
|
|
8,918 |
|
|
|
|
|
|
|
|
|
|
United States — 0.3% |
Globant SA * |
|
|
12,519 |
|
|
|
2,477 |
|
NAC Kazatomprom JSC GDR |
|
|
36,042 |
|
|
|
1,532 |
|
|
|
|
|
|
|
|
4,009 |
|
|
|
|
|
|
|
|
|
|
Vietnam — 0.4% |
Vinhomes JSC * |
|
|
2,647,400 |
|
|
|
4,956 |
|
|
|
|
|
|
|
|
|
|
Total Common Stock |
|
|
|
|
|
|
|
|
(Cost $1,248,138) ($ Thousands) |
|
|
|
|
|
|
1,314,130 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PREFERRED STOCK — 3.9% |
Brazil — 2.6% |
Banco Bradesco SA *(C) |
|
|
2,156,500 |
|
|
|
6,140 |
|
Cia Energetica de Minas Gerais (C) |
|
|
1,006,539 |
|
|
|
2,490 |
|
Itau Unibanco Holding SA *(C) |
|
|
309,981 |
|
|
|
1,683 |
|
Itau Unibanco Holding SA ADR *(C) |
|
|
2,887,052 |
|
|
|
15,503 |
|
Itausa SA *(C) |
|
|
220,448 |
|
|
|
398 |
|
|
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
PREFERRED STOCK (continued) |
Petroleo Brasileiro SA ADR, Cl A (C) |
|
|
736,238 |
|
|
$ |
10,094 |
|
|
|
|
|
|
|
|
36,308 |
|
|
|
|
|
|
|
|
|
|
South Korea — 1.3% |
Hyundai Motor Co (C) |
|
|
79,876 |
|
|
|
6,236 |
|
LG Chem Ltd (C) |
|
|
13,313 |
|
|
|
3,063 |
|
LG Electronics Inc (C) |
|
|
36,988 |
|
|
|
1,237 |
|
Samsung Electronics Co Ltd (C) |
|
|
209,079 |
|
|
|
8,423 |
|
|
|
|
|
|
|
|
18,959 |
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock |
|
|
|
|
|
|
|
|
(Cost $55,680) ($ Thousands) |
|
|
|
|
|
|
55,267 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Face Amount
(Thousands) |
|
|
|
|
|
DEBENTURE BOND — 0.0% |
Brazil — 0.0% |
|
|
|
|
Vale SA, Ser 1997 |
|
|
|
|
|
|
|
|
1.641%, (D)(E) |
|
BRL |
8 |
|
|
|
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Debenture Bond |
|
|
|
|
|
|
|
|
(Cost $—) ($ Thousands) |
|
|
|
|
|
|
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
|
|
|
|
AFFILIATED PARTNERSHIP — 0.2% |
SEI Liquidity Fund, LP |
|
|
|
|
|
|
|
|
5.410% **†(F) |
|
|
2,566,956 |
|
|
|
2,574 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Affiliated Partnership |
|
|
|
|
|
|
|
|
(Cost $2,567) ($ Thousands) |
|
|
2,574 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH EQUIVALENT — 1.6% |
SEI Daily Income Trust, Government Fund, Institutional Class |
|
|
|
|
|
|
|
|
5.210%**† |
|
|
23,146,052 |
|
|
|
23,146 |
|
|
|
|
|
|
|
|
|
|
Total Cash Equivalent |
|
|
|
|
|
|
|
|
(Cost $23,146) ($ Thousands) |
|
|
|
|
|
|
23,146 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments in Securities — 99.1% |
|
|
|
|
|
|
|
|
(Cost $1,329,531) ($ Thousands) |
|
$ |
1,395,117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SEI Institutional International Trust
A list of the open futures contracts held by the Fund at September 30, 2023, is as follows:
Type of Contract |
|
Number of
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (Thousands) |
|
|
Value
(Thousands) |
|
|
Unrealized Depreciation(Thousands) |
|
Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MSCI Emerging Markets |
|
|
480 |
|
|
|
Dec-2023 |
|
|
$ |
23,699 |
|
|
$ |
22,932 |
|
|
$ |
(767 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentages are based on Net Assets of $1,407,218 ($ Thousands). |
* |
Non-income producing security. |
** |
The rate reported is the 7-day effective yield as of September 30, 2023. |
† |
Investment in Affiliated Security (see Note 5). |
‡ |
Real Estate Investment Trust. |
(A) |
Certain securities or partial positions of certain securities are on loan at September 30, 2023. |
(B) |
Level 3 security in accordance with fair value hierarchy. |
(C) |
No interest rate available. |
(D) |
Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates. |
(E) |
Perpetual security with no stated maturity date. |
(F) |
This security was purchased with cash collateral held from securities on loan (see Note 9). The total market value of such securities as of September 30, 2023 was $2,574 ($ Thousands). |
The following is a summary of the level of inputs used as of September 30, 2023, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): |
Investments in Securities |
|
Level 1
($) |
|
|
Level 2
($) |
|
|
Level 3
($)(1) |
|
|
Total
($) |
|
Common Stock |
|
|
584,274 |
|
|
|
729,856 |
|
|
|
– |
^ |
|
|
1,314,130 |
|
Preferred Stock |
|
|
36,308 |
|
|
|
18,959 |
|
|
|
– |
|
|
|
55,267 |
|
Debenture Bond |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
Affiliated Partnership |
|
|
– |
|
|
|
2,574 |
|
|
|
– |
|
|
|
2,574 |
|
Cash Equivalent |
|
|
23,146 |
|
|
|
– |
|
|
|
– |
|
|
|
23,146 |
|
Total Investments in Securities |
|
|
643,728 |
|
|
|
751,389 |
|
|
|
– |
|
|
|
1,395,117 |
|
Other Financial Instruments |
|
Level 1
($) |
|
|
Level 2
($) |
|
|
Level 3
($) |
|
|
Total
($) |
|
Futures Contracts* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Depreciation |
|
|
(767 |
) |
|
|
– |
|
|
|
– |
|
|
|
(767 |
) |
Total Other Financial Instruments |
|
|
(767 |
) |
|
|
– |
|
|
|
– |
|
|
|
(767 |
) |
^One security with market value of $0.
| (1) | A reconciliation of Level 3 instruments is presented when the
Fund has a significant amount of Level 3 investments at the end of the period in relation to the net assets. Management has concluded
that Level 3 investments are not material in relation to net assets. |
*
|
Futures contracts are valued at the unrealized depreciation on the instrument.
|
For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Equity Fund (Concluded)
The following is a summary of the transactions with affiliates for the year ended September 30, 2023 ($ Thousands):
Security Description |
|
Value 9/30/2022 |
|
|
Purchases at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/(Loss) |
|
|
Change in Unrealized Appreciation/(Depreciation) |
|
|
Value 9/30/2023 |
|
|
Income |
|
|
Capital Gains |
|
SEI Liquidity Fund, LP |
|
$ |
8,462 |
|
|
$ |
161,625 |
|
|
$ |
(167,523 |
) |
|
$ |
3 |
|
|
$ |
7 |
|
|
$ |
2,574 |
|
|
$ |
192 |
|
|
$ |
— |
|
SEI Daily Income Trust, Government Fund, Institutional Class |
|
|
19,914 |
|
|
|
268,364 |
|
|
|
(265,132 |
) |
|
|
— |
|
|
|
— |
|
|
|
23,146 |
|
|
|
910 |
|
|
|
— |
|
Totals |
|
$ |
28,376 |
|
|
$ |
429,989 |
|
|
$ |
(432,655 |
) |
|
$ |
3 |
|
|
$ |
7 |
|
|
$ |
25,720 |
|
|
$ |
1,102 |
|
|
$ |
— |
|
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund
†Percentages based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS — 93.1% |
Australia — 2.5% |
|
|
|
|
Australia Government Bond |
|
|
|
|
|
|
|
|
4.750%, 04/21/2027 |
|
AUD |
1,070 |
|
|
$ |
705 |
|
4.500%, 04/21/2033 |
|
|
1,193 |
|
|
|
772 |
|
3.750%, 04/21/2037 |
|
|
393 |
|
|
|
231 |
|
3.250%, 04/21/2025 |
|
|
843 |
|
|
|
536 |
|
3.250%, 04/21/2029 |
|
|
898 |
|
|
|
553 |
|
3.000%, 03/21/2047 |
|
|
1,125 |
|
|
|
538 |
|
2.750%, 05/21/2041 |
|
|
2,334 |
|
|
|
1,143 |
|
2.500%, 05/21/2030 |
|
|
1,401 |
|
|
|
812 |
|
2.250%, 05/21/2028 |
|
|
33 |
|
|
|
20 |
|
1.750%, 06/21/2051 |
|
|
1,514 |
|
|
|
516 |
|
0.500%, 09/21/2026 |
|
|
2,364 |
|
|
|
1,374 |
|
Commonwealth Bank of Australia |
|
|
|
|
|
|
|
|
0.125%, 10/15/2029 |
|
EUR |
270 |
|
|
|
230 |
|
Commonwealth Bank of Australia MTN |
|
|
|
|
|
|
|
|
0.500%, 07/27/2026 |
|
|
410 |
|
|
|
395 |
|
Glencore Capital Finance DAC MTN |
|
|
|
|
|
|
|
|
0.750%, 03/01/2029 |
|
|
450 |
|
|
|
388 |
|
Glencore Finance Europe MTN |
|
|
|
|
|
|
|
|
1.500%, 10/15/2026 |
|
|
120 |
|
|
|
117 |
|
National Australia Bank |
|
|
|
|
|
|
|
|
5.000%, 03/11/2024 |
|
AUD |
750 |
|
|
|
485 |
|
0.010%, 01/06/2029 |
|
EUR |
388 |
|
|
|
337 |
|
National Australia Bank MTN |
|
|
|
|
|
|
|
|
2.250%, 06/06/2025 |
|
|
206 |
|
|
|
212 |
|
0.875%, 02/19/2027 |
|
|
355 |
|
|
|
340 |
|
New South Wales Treasury |
|
|
|
|
|
|
|
|
3.500%, 11/20/2037 |
|
AUD |
1,166 |
|
|
|
615 |
|
Treasury Corp of Victoria MTN |
|
|
|
|
|
|
|
|
2.000%, 11/20/2037 |
|
|
1,335 |
|
|
|
571 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Westpac Banking MTN |
|
|
|
|
|
|
|
|
1.250%, 01/14/2033 |
|
EUR |
310 |
|
|
$ |
261 |
|
|
|
|
|
|
|
|
11,151 |
|
|
|
|
|
|
|
|
|
|
Austria — 0.8% |
|
|
|
|
Republic of Austria Government Bond (A) |
|
|
|
|
|
|
|
|
4.150%, 03/15/2037 |
|
|
561 |
|
|
|
625 |
|
2.900%, 02/20/2033 |
|
|
603 |
|
|
|
611 |
|
2.100%, 09/20/2117 |
|
|
122 |
|
|
|
81 |
|
1.500%, 02/20/2047 |
|
|
593 |
|
|
|
415 |
|
0.750%, 10/20/2026 |
|
|
865 |
|
|
|
852 |
|
Republic of Austria Government Bond, Ser 97-6 |
|
|
|
|
|
|
|
|
6.250%, 07/15/2027 |
|
|
663 |
|
|
|
776 |
|
|
|
|
|
|
|
|
3,360 |
|
|
|
|
|
|
|
|
|
|
Belgium — 1.1% |
|
|
|
|
Ageas |
|
|
|
|
|
|
|
|
1.875%, 11/24/2051 (B) |
|
|
200 |
|
|
|
153 |
|
Anheuser-Busch InBev MTN |
|
|
|
|
|
|
|
|
9.750%, 07/30/2024 |
|
GBP |
250 |
|
|
|
314 |
|
KBC Group |
|
|
|
|
|
|
|
|
4.250%, EUSA5 + 3.594% (B)(C) |
|
EUR |
200 |
|
|
|
182 |
|
Kingdom of Belgium Government Bond |
|
|
|
|
|
|
|
|
4.250%, 03/28/2041 (A) |
|
|
30 |
|
|
|
34 |
|
3.750%, 06/22/2045 |
|
|
419 |
|
|
|
435 |
|
3.450%, 06/22/2043 (A) |
|
|
719 |
|
|
|
714 |
|
3.300%, 06/22/2054 (A) |
|
|
367 |
|
|
|
342 |
|
3.000%, 06/22/2034 (A) |
|
|
580 |
|
|
|
585 |
|
1.600%, 06/22/2047 (A) |
|
|
41 |
|
|
|
28 |
|
0.900%, 06/22/2029 (A) |
|
|
866 |
|
|
|
811 |
|
0.350%, 06/22/2032 (A) |
|
|
1,587 |
|
|
|
1,299 |
|
|
|
|
|
|
|
|
4,897 |
|
|
|
|
|
|
|
|
|
|
Brazil — 0.0% |
|
|
|
|
OEC Finance |
|
|
|
|
|
|
|
|
7.125%cash/0% PIK, 12/26/2046 |
|
$ |
195 |
|
|
|
14 |
|
4.375%cash/0% PIK, 10/25/2029 |
|
|
119 |
|
|
|
5 |
|
|
|
|
|
|
|
|
19 |
|
|
|
|
|
|
|
|
|
|
Canada — 8.3% |
|
|
|
|
Bank of Montreal MTN |
|
|
|
|
|
|
|
|
0.125%, 01/26/2027 |
|
EUR |
906 |
|
|
|
849 |
|
Bank of Nova Scotia |
|
|
|
|
|
|
|
|
0.010%, 03/18/2025 |
|
|
326 |
|
|
|
326 |
|
0.010%, 01/14/2027 |
|
|
362 |
|
|
|
338 |
|
Bell Telephone of Canada or Bell Canada MTN |
|
|
|
|
|
|
|
|
5.150%, 02/09/2053 |
|
CAD |
175 |
|
|
|
114 |
|
3.000%, 03/17/2031 |
|
|
465 |
|
|
|
285 |
|
Canada Housing Trust No. 1 |
|
|
|
|
|
|
|
|
2.100%, 09/15/2029 (A) |
|
|
2,190 |
|
|
|
1,419 |
|
Canadian Government Bond |
|
|
|
|
|
|
|
|
3.500%, 12/01/2045 |
|
|
556 |
|
|
|
385 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
3.250%, 09/01/2028 |
|
CAD |
2,468 |
|
|
$ |
1,745 |
|
2.750%, 06/01/2033 |
|
|
323 |
|
|
|
215 |
|
2.750%, 12/01/2048 |
|
|
400 |
|
|
|
243 |
|
2.750%, 12/01/2048 |
|
|
19 |
|
|
|
12 |
|
2.500%, 06/01/2024 |
|
|
509 |
|
|
|
370 |
|
2.500%, 12/01/2032 |
|
|
643 |
|
|
|
419 |
|
2.250%, 06/01/2029 |
|
|
2,172 |
|
|
|
1,459 |
|
2.000%, 06/01/2032 |
|
|
1,046 |
|
|
|
658 |
|
1.750%, 12/01/2053 |
|
|
517 |
|
|
|
241 |
|
1.500%, 06/01/2026 (D) |
|
|
5,843 |
|
|
|
3,997 |
|
0.500%, 12/01/2030 |
|
|
1,028 |
|
|
|
592 |
|
Canadian Government Real Return Bond |
|
|
|
|
|
|
|
|
4.000%, 12/01/2031 |
|
|
333 |
|
|
|
278 |
|
Canadian Pacific Railway |
|
|
|
|
|
|
|
|
1.350%, 12/02/2024 |
|
$ |
805 |
|
|
|
763 |
|
Canadian When Issued Government Bond |
|
|
|
|
|
|
|
|
2.000%, 12/01/2051 |
|
CAD |
1,816 |
|
|
|
920 |
|
CDP Financial |
|
|
|
|
|
|
|
|
1.125%, 04/06/2027 (A) |
|
EUR |
1,062 |
|
|
|
1,030 |
|
CPPIB Capital MTN |
|
|
|
|
|
|
|
|
0.250%, 04/06/2027 |
|
|
1,765 |
|
|
|
1,665 |
|
CU MTN |
|
|
|
|
|
|
|
|
5.896%, 11/20/2034 |
|
CAD |
586 |
|
|
|
448 |
|
Dollarama |
|
|
|
|
|
|
|
|
5.533%, 09/26/2028 |
|
|
471 |
|
|
|
348 |
|
Enbridge Pipelines MTN |
|
|
|
|
|
|
|
|
2.820%, 05/12/2031 |
|
|
400 |
|
|
|
242 |
|
Loblaw |
|
|
|
|
|
|
|
|
5.008%, 09/13/2032 |
|
|
483 |
|
|
|
342 |
|
Metro |
|
|
|
|
|
|
|
|
4.657%, 02/07/2033 |
|
|
490 |
|
|
|
337 |
|
OMERS Finance Trust (A) |
|
|
|
|
|
|
|
|
4.000%, 04/20/2028 |
|
$ |
250 |
|
|
|
238 |
|
3.500%, 04/19/2032 |
|
|
555 |
|
|
|
483 |
|
Ontario Teachers' Finance Trust |
|
|
|
|
|
|
|
|
2.000%, 04/16/2031 (A) |
|
|
1,914 |
|
|
|
1,528 |
|
1.850%, 05/03/2032 (A) |
|
EUR |
444 |
|
|
|
401 |
|
0.500%, 05/06/2025 |
|
|
1,066 |
|
|
|
1,068 |
|
Ontario Teachers' Finance Trust MTN |
|
|
|
|
|
|
|
|
0.100%, 05/19/2028 |
|
|
772 |
|
|
|
692 |
|
Province of British Columbia Canada |
|
|
|
|
|
|
|
|
4.200%, 07/06/2033 |
|
$ |
505 |
|
|
|
473 |
|
2.950%, 12/18/2028 |
|
CAD |
1,653 |
|
|
|
1,129 |
|
Province of Ontario Canada |
|
|
|
|
|
|
|
|
4.700%, 06/02/2037 |
|
|
1,355 |
|
|
|
980 |
|
4.650%, 06/02/2041 |
|
|
540 |
|
|
|
384 |
|
2.800%, 06/02/2048 |
|
|
2,200 |
|
|
|
1,144 |
|
Province of Ontario Canada MTN |
|
|
|
|
|
|
|
|
0.375%, 04/08/2027 |
|
EUR |
1,078 |
|
|
|
1,021 |
|
0.250%, 12/15/2026 |
|
GBP |
2,337 |
|
|
|
2,449 |
|
Province of Quebec Canada |
|
|
|
|
|
|
|
|
6.250%, 06/01/2032 |
|
CAD |
720 |
|
|
|
586 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
3.500%, 12/01/2048 |
|
CAD |
520 |
|
|
$ |
308 |
|
Province of Quebec Canada MTN |
|
|
|
|
|
|
|
|
3.700%, 05/20/2026 |
|
AUD |
568 |
|
|
|
356 |
|
Rogers Communications |
|
|
|
|
|
|
|
|
3.800%, 11/02/2023 |
|
CAD |
800 |
|
|
|
591 |
|
Royal Bank of Canada MTN |
|
|
|
|
|
|
|
|
0.010%, 10/05/2028 |
|
EUR |
637 |
|
|
|
560 |
|
Saputo |
|
|
|
|
|
|
|
|
5.250%, 11/29/2029 |
|
CAD |
472 |
|
|
|
340 |
|
TELUS |
|
|
|
|
|
|
|
|
5.250%, 11/15/2032 |
|
|
482 |
|
|
|
338 |
|
Toronto-Dominion Bank |
|
|
|
|
|
|
|
|
5.103%, 01/09/2026 |
|
$ |
250 |
|
|
|
247 |
|
Toronto-Dominion Bank MTN |
|
|
|
|
|
|
|
|
0.864%, 03/24/2027 |
|
EUR |
877 |
|
|
|
840 |
|
TransCanada PipeLines |
|
|
|
|
|
|
|
|
5.330%, 05/12/2032 |
|
CAD |
241 |
|
|
|
169 |
|
|
|
|
|
|
|
|
36,365 |
|
|
|
|
|
|
|
|
|
|
Cayman Islands — 0.0% |
|
|
|
|
Odebrecht Holdco Finance Ltd |
|
|
|
|
|
|
|
|
0.000%, 09/10/2058 (E) |
|
$ |
311 |
|
|
|
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chile — 0.0% |
|
|
|
|
Chile Government International Bond |
|
|
|
|
|
|
|
|
4.125%, 07/05/2034 |
|
EUR |
220 |
|
|
|
221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
China — 11.2% |
|
|
|
|
Agricultural Development Bank of China |
|
|
|
|
|
|
|
|
3.740%, 07/12/2029 |
|
CNY |
8,500 |
|
|
|
1,221 |
|
China Development Bank |
|
|
|
|
|
|
|
|
4.880%, 02/09/2028 |
|
|
10,600 |
|
|
|
1,581 |
|
3.700%, 10/20/2030 |
|
|
9,430 |
|
|
|
1,364 |
|
3.660%, 03/01/2031 |
|
|
4,680 |
|
|
|
676 |
|
3.650%, 05/21/2029 |
|
|
18,120 |
|
|
|
2,590 |
|
3.480%, 01/08/2029 |
|
|
23,680 |
|
|
|
3,356 |
|
3.400%, 01/08/2028 |
|
|
7,190 |
|
|
|
1,013 |
|
3.390%, 07/10/2027 |
|
|
16,630 |
|
|
|
2,341 |
|
3.230%, 01/10/2025 |
|
|
11,360 |
|
|
|
1,570 |
|
3.120%, 09/13/2031 |
|
|
9,540 |
|
|
|
1,326 |
|
China Government Bond |
|
|
|
|
|
|
|
|
3.810%, 09/14/2050 |
|
|
16,250 |
|
|
|
2,515 |
|
3.720%, 04/12/2051 |
|
|
36,700 |
|
|
|
5,611 |
|
3.530%, 10/18/2051 |
|
|
2,650 |
|
|
|
393 |
|
3.120%, 10/25/2052 |
|
|
2,050 |
|
|
|
284 |
|
2.850%, 06/04/2027 |
|
|
12,570 |
|
|
|
1,741 |
|
2.750%, 02/17/2032 |
|
|
16,390 |
|
|
|
2,242 |
|
2.640%, 01/15/2028 |
|
|
19,040 |
|
|
|
2,615 |
|
2.620%, 09/25/2029 |
|
|
37,340 |
|
|
|
5,092 |
|
2.600%, 09/01/2032 |
|
|
18,060 |
|
|
|
2,441 |
|
2.460%, 02/15/2026 |
|
|
21,120 |
|
|
|
2,896 |
|
2.370%, 01/20/2027 |
|
|
10,830 |
|
|
|
1,477 |
|
2.180%, 08/25/2025 |
|
|
26,340 |
|
|
|
3,595 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Export-Import Bank of China |
|
|
|
|
|
|
|
|
3.180%, 03/11/2032 |
|
CNY |
4,450 |
|
|
$ |
621 |
|
Prosus NV MTN |
|
|
|
|
|
|
|
|
2.031%, 08/03/2032 |
|
EUR |
245 |
|
|
|
182 |
|
1.985%, 07/13/2033 (A) |
|
|
320 |
|
|
|
226 |
|
|
|
|
|
|
|
|
48,969 |
|
|
|
|
|
|
|
|
|
|
Colombia — 1.2% |
|
|
|
|
Colombian TES |
|
|
|
|
|
|
|
|
10.000%, 07/24/2024 |
|
COP |
2,757,800 |
|
|
|
688 |
|
9.250%, 05/28/2042 |
|
|
828,200 |
|
|
|
163 |
|
7.750%, 09/18/2030 |
|
|
5,638,800 |
|
|
|
1,163 |
|
7.500%, 08/26/2026 |
|
|
1,565,300 |
|
|
|
356 |
|
7.250%, 10/18/2034 |
|
|
3,974,900 |
|
|
|
714 |
|
7.000%, 03/26/2031 |
|
|
1,906,700 |
|
|
|
369 |
|
7.000%, 06/30/2032 |
|
|
3,506,900 |
|
|
|
653 |
|
6.250%, 07/09/2036 |
|
|
481,100 |
|
|
|
76 |
|
6.000%, 04/28/2028 |
|
|
2,966,000 |
|
|
|
605 |
|
5.750%, 11/03/2027 |
|
|
1,919,300 |
|
|
|
395 |
|
|
|
|
|
|
|
|
5,182 |
|
|
|
|
|
|
|
|
|
|
Czech Republic — 0.2% |
|
|
|
|
Czech Republic Government Bond |
|
|
|
|
|
|
|
|
2.500%, 08/25/2028 |
|
CZK |
14,630 |
|
|
|
574 |
|
2.000%, 10/13/2033 |
|
|
700 |
|
|
|
24 |
|
1.200%, 03/13/2031 |
|
|
8,010 |
|
|
|
271 |
|
|
|
|
|
|
|
|
869 |
|
|
|
|
|
|
|
|
|
|
Denmark — 0.2% |
|
|
|
|
Denmark Government Bond |
|
|
|
|
|
|
|
|
4.500%, 11/15/2039 |
|
DKK |
2,040 |
|
|
|
337 |
|
0.000%, 11/15/2031 (F) |
|
|
2,049 |
|
|
|
229 |
|
Kommunekredit MTN |
|
|
|
|
|
|
|
|
0.125%, 09/26/2040 |
|
EUR |
275 |
|
|
|
162 |
|
Orsted MTN |
|
|
|
|
|
|
|
|
3.625%, 03/01/2026 |
|
|
325 |
|
|
|
340 |
|
|
|
|
|
|
|
|
1,068 |
|
|
|
|
|
|
|
|
|
|
Finland — 0.4% |
|
|
|
|
Finland Government Bond (A) |
|
|
|
|
|
|
|
|
3.000%, 09/15/2033 |
|
|
448 |
|
|
|
458 |
|
0.500%, 09/15/2028 |
|
|
390 |
|
|
|
362 |
|
0.125%, 04/15/2052 |
|
|
207 |
|
|
|
87 |
|
Nordea Bank Abp MTN |
|
|
|
|
|
|
|
|
6.125%, USSW5 + 3.388% (B)(C) |
|
$ |
200 |
|
|
|
192 |
|
Nordea Kiinnitysluottopankki MTN |
|
|
|
|
|
|
|
|
0.250%, 03/18/2026 |
|
EUR |
480 |
|
|
|
467 |
|
|
|
|
|
|
|
|
1,566 |
|
|
|
|
|
|
|
|
|
|
France — 5.4% |
|
|
|
|
Agence Francaise de Developpement EPIC |
|
|
|
|
|
|
|
|
3.500%, 02/25/2033 |
|
|
500 |
|
|
|
519 |
|
0.125%, 09/29/2031 |
|
|
600 |
|
|
|
481 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Banque Federative du Credit Mutuel |
|
|
|
|
|
|
|
|
3.875%, EUSA5 + 2.200%, 06/16/2032 (B) |
|
EUR |
300 |
|
|
$ |
300 |
|
BNP Paribas |
|
|
|
|
|
|
|
|
8.500%, H15T5Y + 4.354% (A)(B)(C) |
|
$ |
200 |
|
|
|
196 |
|
BNP Paribas MTN |
|
|
|
|
|
|
|
|
3.375%, 01/23/2026 |
|
GBP |
248 |
|
|
|
285 |
|
BNP Paribas Home Loan SFH |
|
|
|
|
|
|
|
|
0.375%, 05/07/2025 |
|
EUR |
400 |
|
|
|
400 |
|
BPCE |
|
|
|
|
|
|
|
|
1.000%, 01/20/2026 (A) |
|
$ |
950 |
|
|
|
850 |
|
BPCE MTN |
|
|
|
|
|
|
|
|
2.000%, 06/05/2025 |
|
AUD |
440 |
|
|
|
267 |
|
Caisse de Refinancement de l'Habitat MTN |
|
|
|
|
|
|
|
|
0.125%, 04/30/2027 |
|
EUR |
500 |
|
|
|
467 |
|
Caisse Francaise de Financement Local MTN |
|
|
|
|
|
|
|
|
3.000%, 10/02/2028 |
|
|
500 |
|
|
|
513 |
|
0.500%, 01/19/2026 |
|
|
500 |
|
|
|
492 |
|
Cie de Financement Foncier |
|
|
|
|
|
|
|
|
0.010%, 11/10/2027 |
|
|
600 |
|
|
|
548 |
|
Cie de Financement Foncier MTN |
|
|
|
|
|
|
|
|
5.500%, 01/26/2027 |
|
GBP |
387 |
|
|
|
473 |
|
CNP Assurances MTN |
|
|
|
|
|
|
|
|
2.500%, 06/30/2051 (B) |
|
EUR |
200 |
|
|
|
168 |
|
Credit Agricole Assurances |
|
|
|
|
|
|
|
|
4.750%, 09/27/2048 (B) |
|
|
200 |
|
|
|
201 |
|
Credit Agricole Home Loan SFH MTN |
|
|
|
|
|
|
|
|
1.250%, 03/24/2031 |
|
|
300 |
|
|
|
268 |
|
0.500%, 02/19/2026 |
|
|
300 |
|
|
|
295 |
|
Credit Mutuel Home Loan SFH |
|
|
|
|
|
|
|
|
0.750%, 09/15/2027 |
|
|
500 |
|
|
|
473 |
|
Electricite de France MTN (C) |
|
|
|
|
|
|
|
|
7.500%, EUSA5 + 4.860% (B) |
|
|
200 |
|
|
|
215 |
|
5.375%, EUSA12 + 3.794% (B) |
|
|
200 |
|
|
|
206 |
|
French Republic Government Bond OAT |
|
|
|
|
|
|
|
|
4.000%, 04/25/2055 (A) |
|
|
139 |
|
|
|
150 |
|
3.000%, 05/25/2054 (A) |
|
|
142 |
|
|
|
126 |
|
2.500%, 05/25/2030 |
|
|
135 |
|
|
|
137 |
|
2.500%, 05/25/2043 (A) |
|
|
1,451 |
|
|
|
1,262 |
|
1.750%, 06/25/2039 (A) |
|
|
256 |
|
|
|
210 |
|
1.750%, 05/25/2066 (A) |
|
|
84 |
|
|
|
52 |
|
1.500%, 05/25/2050 (A) |
|
|
1,786 |
|
|
|
1,166 |
|
1.250%, 05/25/2036 (A) |
|
|
240 |
|
|
|
195 |
|
1.000%, 05/25/2027 |
|
|
4,748 |
|
|
|
4,658 |
|
0.750%, 05/25/2052 |
|
|
202 |
|
|
|
101 |
|
0.750%, 05/25/2053 (A) |
|
|
691 |
|
|
|
336 |
|
0.500%, 05/25/2040 (A) |
|
|
696 |
|
|
|
446 |
|
0.000%, 02/25/2027 (F) |
|
|
2,107 |
|
|
|
2,006 |
|
0.000%, 11/25/2029 (F) |
|
|
504 |
|
|
|
441 |
|
SNCF Reseau MTN |
|
|
|
|
|
|
|
|
2.250%, 12/20/2047 |
|
|
300 |
|
|
|
221 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
2.000%, 02/05/2048 |
|
EUR |
300 |
|
|
$ |
206 |
|
1.875%, 03/30/2034 |
|
|
1,700 |
|
|
|
1,495 |
|
1.125%, 05/19/2027 |
|
|
300 |
|
|
|
292 |
|
1.125%, 05/25/2030 |
|
|
200 |
|
|
|
181 |
|
Soc Nationale SNCF |
|
|
|
|
|
|
|
|
1.000%, 05/25/2040 |
|
|
700 |
|
|
|
456 |
|
Societe Generale SFH MTN |
|
|
|
|
|
|
|
|
0.125%, 02/02/2029 |
|
|
500 |
|
|
|
441 |
|
TotalEnergies MTN |
|
|
|
|
|
|
|
|
1.625% (B)(C) |
|
|
270 |
|
|
|
239 |
|
TotalEnergies Capital International MTN |
|
|
|
|
|
|
|
|
2.500%, 03/25/2026 |
|
|
400 |
|
|
|
409 |
|
Veolia Environnement |
|
|
|
|
|
|
|
|
1.625% (B)(C) |
|
|
300 |
|
|
|
277 |
|
Westfield America Management |
|
|
|
|
|
|
|
|
2.625%, 03/30/2029 |
|
GBP |
155 |
|
|
|
149 |
|
2.125%, 03/30/2025 |
|
|
210 |
|
|
|
239 |
|
|
|
|
|
|
|
|
23,508 |
|
|
|
|
|
|
|
|
|
|
Germany — 3.6% |
|
|
|
|
Bundesobligation |
|
|
|
|
|
|
|
|
0.000%, 10/09/2026 (F) |
|
EUR |
2,486 |
|
|
|
2,413 |
|
Bundesrepublik Deutschland Bundesanleihe |
|
|
|
|
|
|
|
|
3.250%, 07/04/2042 |
|
|
840 |
|
|
|
916 |
|
1.250%, 08/15/2048 |
|
|
1,335 |
|
|
|
990 |
|
0.000%, 05/15/2035 (F) |
|
|
457 |
|
|
|
347 |
|
0.000%, 05/15/2036 (F) |
|
|
1,748 |
|
|
|
1,284 |
|
Deutsche Bank MTN |
|
|
|
|
|
|
|
|
1.000%, 11/19/2025 (B) |
|
|
100 |
|
|
|
101 |
|
Deutsche Bank NY |
|
|
|
|
|
|
|
|
7.079%, SOFRRATE + 3.650%, 02/10/2034 (B) |
|
$ |
245 |
|
|
|
221 |
|
Deutsche Telekom MTN |
|
|
|
|
|
|
|
|
1.750%, 12/09/2049 |
|
EUR |
100 |
|
|
|
68 |
|
E.ON MTN |
|
|
|
|
|
|
|
|
0.000%, 12/18/2023 (F) |
|
|
550 |
|
|
|
577 |
|
Fresenius & KGaA MTN |
|
|
|
|
|
|
|
|
5.000%, 11/28/2029 |
|
|
200 |
|
|
|
214 |
|
Kreditanstalt fuer Wiederaufbau |
|
|
|
|
|
|
|
|
4.125%, 07/15/2033 |
|
$ |
950 |
|
|
|
903 |
|
2.600%, 06/20/2037 |
|
JPY |
241,000 |
|
|
|
1,927 |
|
0.500%, 09/15/2027 |
|
EUR |
510 |
|
|
|
483 |
|
Kreditanstalt fuer Wiederaufbau MTN |
|
|
|
|
|
|
|
|
0.875%, 09/15/2026 |
|
GBP |
2,600 |
|
|
|
2,826 |
|
Landwirtschaftliche Rentenbank MTN |
|
|
|
|
|
|
|
|
0.625%, 05/18/2027 |
|
EUR |
225 |
|
|
|
216 |
|
0.000%, 12/13/2028 (F) |
|
|
585 |
|
|
|
523 |
|
Mercedes-Benz Finance North America |
|
|
|
|
|
|
|
|
5.375%, 11/26/2025 (A) |
|
$ |
290 |
|
|
|
288 |
|
Siemens Financieringsmaatschappij |
|
|
|
|
|
|
|
|
1.200%, 03/11/2026 (A) |
|
|
775 |
|
|
|
700 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Volkswagen Bank GmbH MTN |
|
|
|
|
|
|
|
|
1.875%, 01/31/2024 |
|
EUR |
400 |
|
|
$ |
420 |
|
Volkswagen Financial Services MTN |
|
|
|
|
|
|
|
|
0.875%, 01/31/2028 |
|
|
150 |
|
|
|
136 |
|
Volkswagen International Finance |
|
|
|
|
|
|
|
|
3.875% (B)(C) |
|
|
300 |
|
|
|
262 |
|
|
|
|
|
|
|
|
15,815 |
|
|
|
|
|
|
|
|
|
|
Hungary — 0.2% |
|
|
|
|
Hungary Government Bond |
|
|
|
|
|
|
|
|
9.500%, 10/21/2026 |
|
HUF |
96,610 |
|
|
|
272 |
|
4.750%, 11/24/2032 |
|
|
38,380 |
|
|
|
86 |
|
4.500%, 03/23/2028 |
|
|
101,260 |
|
|
|
244 |
|
Hungary Government International Bond |
|
|
|
|
|
|
|
|
0.125%, 09/21/2028 |
|
EUR |
135 |
|
|
|
113 |
|
|
|
|
|
|
|
|
715 |
|
|
|
|
|
|
|
|
|
|
Indonesia — 1.5% |
|
|
|
|
Indonesia Government International Bond |
|
|
|
|
|
|
|
|
1.000%, 07/28/2029 |
|
|
260 |
|
|
|
226 |
|
Indonesia Treasury Bond |
|
|
|
|
|
|
|
|
8.750%, 05/15/2031 |
|
IDR |
7,551,000 |
|
|
|
547 |
|
8.375%, 03/15/2034 |
|
|
31,922,000 |
|
|
|
2,300 |
|
7.500%, 06/15/2035 |
|
|
2,199,000 |
|
|
|
149 |
|
7.375%, 05/15/2048 |
|
|
13,040,000 |
|
|
|
884 |
|
7.000%, 09/15/2030 |
|
|
11,991,000 |
|
|
|
785 |
|
6.500%, 06/15/2025 |
|
|
2,225,000 |
|
|
|
144 |
|
6.500%, 02/15/2031 |
|
|
17,235,000 |
|
|
|
1,093 |
|
5.500%, 04/15/2026 |
|
|
5,153,000 |
|
|
|
327 |
|
|
|
|
|
|
|
|
6,455 |
|
|
|
|
|
|
|
|
|
|
Ireland — 0.5% |
|
|
|
|
AerCap Ireland Capital DAC |
|
|
|
|
|
|
|
|
1.150%, 10/29/2023 |
|
$ |
1,000 |
|
|
|
996 |
|
AIB Group MTN |
|
|
|
|
|
|
|
|
2.250%, EUSA1 + 1.300%, 04/04/2028 (B) |
|
EUR |
266 |
|
|
|
258 |
|
Ireland Government Bond |
|
|
|
|
|
|
|
|
1.700%, 05/15/2037 |
|
|
192 |
|
|
|
162 |
|
1.500%, 05/15/2050 |
|
|
250 |
|
|
|
167 |
|
0.200%, 10/18/2030 |
|
|
690 |
|
|
|
595 |
|
|
|
|
|
|
|
|
2,178 |
|
|
|
|
|
|
|
|
|
|
Israel — 0.1% |
|
|
|
|
Israel Government Bond - Fixed |
|
|
|
|
|
|
|
|
5.500%, 01/31/2042 |
|
ILS |
675 |
|
|
|
201 |
|
2.000%, 03/31/2027 |
|
|
925 |
|
|
|
225 |
|
1.000%, 03/31/2030 |
|
|
593 |
|
|
|
128 |
|
|
|
|
|
|
|
|
554 |
|
|
|
|
|
|
|
|
|
|
Italy — 5.0% |
|
|
|
|
Enel |
|
|
|
|
|
|
|
|
2.250% (B)(C) |
|
EUR |
322 |
|
|
|
299 |
|
Eni |
|
|
|
|
|
|
|
|
3.375% (B)(C) |
|
|
135 |
|
|
|
120 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Genertel |
|
|
|
|
|
|
|
|
4.250%, 12/14/2047 (B) |
|
EUR |
200 |
|
|
$ |
203 |
|
Italy Buoni Poliennali Del Tesoro |
|
|
|
|
|
|
|
|
5.000%, 09/01/2040 (A) |
|
|
1,065 |
|
|
|
1,126 |
|
4.000%, 04/30/2035 (A) |
|
|
2,330 |
|
|
|
2,294 |
|
3.800%, 08/01/2028 |
|
|
590 |
|
|
|
616 |
|
3.700%, 06/15/2030 |
|
|
750 |
|
|
|
763 |
|
3.500%, 03/01/2030 (A) |
|
|
527 |
|
|
|
533 |
|
3.400%, 04/01/2028 |
|
|
670 |
|
|
|
689 |
|
3.100%, 03/01/2040 (A) |
|
|
113 |
|
|
|
94 |
|
2.800%, 12/01/2028 |
|
|
123 |
|
|
|
122 |
|
2.800%, 03/01/2067 (A) |
|
|
292 |
|
|
|
190 |
|
2.700%, 03/01/2047 (A) |
|
|
55 |
|
|
|
40 |
|
2.500%, 12/01/2032 |
|
|
355 |
|
|
|
318 |
|
2.450%, 09/01/2033 (A) |
|
|
552 |
|
|
|
483 |
|
2.150%, 03/01/2072 (A) |
|
|
76 |
|
|
|
41 |
|
2.000%, 02/01/2028 |
|
|
1,046 |
|
|
|
1,018 |
|
1.800%, 03/01/2041 (A) |
|
|
247 |
|
|
|
165 |
|
1.750%, 05/30/2024 |
|
|
1,930 |
|
|
|
2,014 |
|
1.700%, 09/01/2051 (A) |
|
|
507 |
|
|
|
278 |
|
1.500%, 04/30/2045 (A) |
|
|
1,034 |
|
|
|
598 |
|
1.450%, 03/01/2036 (A) |
|
|
529 |
|
|
|
385 |
|
1.100%, 04/01/2027 |
|
|
82 |
|
|
|
79 |
|
0.950%, 12/01/2031 (A) |
|
|
2,340 |
|
|
|
1,884 |
|
0.950%, 06/01/2032 |
|
|
1,166 |
|
|
|
921 |
|
0.500%, 07/15/2028 |
|
|
2,352 |
|
|
|
2,104 |
|
0.019%, 04/01/2026 |
|
|
3,907 |
|
|
|
3,753 |
|
UniCredit |
|
|
|
|
|
|
|
|
3.127%, H15T1Y + 1.550%, 06/03/2032 (A)(B) |
|
$ |
305 |
|
|
|
233 |
|
UniCredit MTN |
|
|
|
|
|
|
|
|
1.250%, 06/16/2026 (B) |
|
EUR |
460 |
|
|
|
461 |
|
|
|
|
|
|
|
|
21,824 |
|
|
|
|
|
|
|
|
|
|
Japan — 15.9% |
|
|
|
|
Development Bank of Japan |
|
|
|
|
|
|
|
|
2.300%, 03/19/2026 |
|
JPY |
180,000 |
|
|
|
1,264 |
|
Development Bank of Japan MTN |
|
|
|
|
|
|
|
|
0.875%, 10/10/2025 |
|
EUR |
1,145 |
|
|
|
1,141 |
|
Japan Finance Organization for Municipalities MTN |
|
|
|
|
|
|
|
|
0.050%, 02/12/2027 |
|
|
720 |
|
|
|
674 |
|
Japan Government Five Year Bond |
|
|
|
|
|
|
|
|
0.300%, 12/20/2027 |
|
JPY |
129,350 |
|
|
|
869 |
|
Japan Government Forty Year Bond |
|
|
|
|
|
|
|
|
0.400%, 03/20/2056 |
|
|
449,750 |
|
|
|
2,062 |
|
Japan Government Ten Year Bond |
|
|
|
|
|
|
|
|
0.500%, 09/20/2024 |
|
|
877,500 |
|
|
|
5,912 |
|
0.400%, 06/20/2025 |
|
|
78,100 |
|
|
|
527 |
|
0.100%, 12/20/2026 |
|
|
894,850 |
|
|
|
5,990 |
|
0.100%, 09/20/2027 |
|
|
458,350 |
|
|
|
3,057 |
|
0.100%, 06/20/2028 |
|
|
254,550 |
|
|
|
1,689 |
|
0.100%, 12/20/2030 |
|
|
694,800 |
|
|
|
4,507 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Japan Government Thirty Year Bond |
|
|
|
|
|
|
|
|
2.300%, 03/20/2040 |
|
JPY |
355,050 |
|
|
$ |
2,741 |
|
0.800%, 09/20/2047 |
|
|
491,400 |
|
|
|
2,801 |
|
0.400%, 12/20/2049 |
|
|
434,950 |
|
|
|
2,163 |
|
0.300%, 06/20/2046 |
|
|
74,600 |
|
|
|
383 |
|
0.300%, 06/20/2046 |
|
|
27,600 |
|
|
|
142 |
|
Japan Government Thirty Year Bond, Ser 29 |
|
|
|
|
|
|
|
|
2.400%, 09/20/2038 |
|
|
109,400 |
|
|
|
857 |
|
Japan Government Thirty Year Bond, Ser 30 |
|
|
|
|
|
|
|
|
2.300%, 03/20/2039 |
|
|
373,850 |
|
|
|
2,893 |
|
Japan Government Thirty Year Bond, Ser 33 |
|
|
|
|
|
|
|
|
2.000%, 09/20/2040 |
|
|
369,400 |
|
|
|
2,737 |
|
Japan Government Thirty Year Bond, Ser 36 |
|
|
|
|
|
|
|
|
2.000%, 03/20/2042 |
|
|
289,200 |
|
|
|
2,133 |
|
Japan Government Thirty Year Bond, Ser 37 |
|
|
|
|
|
|
|
|
1.900%, 09/20/2042 |
|
|
36,550 |
|
|
|
265 |
|
Japan Government Thirty Year Bond, Ser 38 |
|
|
|
|
|
|
|
|
1.800%, 03/20/2043 |
|
|
158,250 |
|
|
|
1,127 |
|
Japan Government Twenty Year Bond |
|
|
|
|
|
|
|
|
1.800%, 09/20/2031 |
|
|
316,950 |
|
|
|
2,317 |
|
1.700%, 06/20/2033 |
|
|
731,300 |
|
|
|
5,333 |
|
1.400%, 09/20/2034 |
|
|
478,000 |
|
|
|
3,383 |
|
1.000%, 12/20/2035 |
|
|
34,400 |
|
|
|
232 |
|
0.900%, 06/20/2042 |
|
|
80,100 |
|
|
|
494 |
|
0.700%, 03/20/2037 |
|
|
38,450 |
|
|
|
246 |
|
0.600%, 09/20/2037 |
|
|
81,600 |
|
|
|
512 |
|
0.500%, 09/20/2036 |
|
|
557,400 |
|
|
|
3,500 |
|
0.200%, 06/20/2036 |
|
|
206,200 |
|
|
|
1,250 |
|
Japan Government Twenty Year Bond, Ser 144 |
|
|
|
|
|
|
|
|
1.500%, 03/20/2033 |
|
|
21,450 |
|
|
|
154 |
|
Japan Government Two Year Bond |
|
|
|
|
|
|
|
|
0.005%, 06/01/2025 |
|
|
100,700 |
|
|
|
675 |
|
Japan Treasury Discount Bill |
|
|
|
|
|
|
|
|
0.000%, 11/20/2023 (E) |
|
|
406,450 |
|
|
|
2,725 |
|
0.000%, 12/25/2023 (E) |
|
|
358,200 |
|
|
|
2,401 |
|
Mizuho Financial Group |
|
|
|
|
|
|
|
|
0.470%, 09/06/2029 (B) |
|
EUR |
259 |
|
|
|
224 |
|
Nissan Motor |
|
|
|
|
|
|
|
|
2.652%, 03/17/2026 |
|
|
165 |
|
|
|
166 |
|
NTT Finance |
|
|
|
|
|
|
|
|
1.162%, 04/03/2026 (A) |
|
$ |
345 |
|
|
|
310 |
|
|
|
|
|
|
|
|
69,856 |
|
|
|
|
|
|
|
|
|
|
Luxembourg — 0.1% |
|
|
|
|
Blackstone Property Partners Europe Holdings Sarl MTN |
|
|
|
|
|
|
|
|
2.000%, 10/20/2025 |
|
GBP |
109 |
|
|
|
118 |
|
Vivion Investments Sarl |
|
|
|
|
|
|
|
|
3.000%, 08/08/2024 |
|
EUR |
200 |
|
|
|
193 |
|
|
|
|
|
|
|
|
311 |
|
|
|
|
|
|
|
|
|
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Malaysia — 1.3% |
|
|
|
|
Malaysia Government Bond |
|
|
|
|
|
|
|
|
4.392%, 04/15/2026 |
|
MYR |
2,816 |
|
|
$ |
611 |
|
4.232%, 06/30/2031 |
|
|
2,626 |
|
|
|
568 |
|
4.065%, 06/15/2050 |
|
|
908 |
|
|
|
181 |
|
3.955%, 09/15/2025 |
|
|
2,751 |
|
|
|
590 |
|
3.885%, 08/15/2029 |
|
|
2,790 |
|
|
|
593 |
|
3.828%, 07/05/2034 |
|
|
3,332 |
|
|
|
693 |
|
3.757%, 05/22/2040 |
|
|
1,767 |
|
|
|
353 |
|
3.733%, 06/15/2028 |
|
|
2,316 |
|
|
|
492 |
|
3.502%, 05/31/2027 |
|
|
6,076 |
|
|
|
1,284 |
|
2.632%, 04/15/2031 |
|
|
1,040 |
|
|
|
202 |
|
|
|
|
|
|
|
|
5,567 |
|
|
|
|
|
|
|
|
|
|
Mexico — 3.0% |
|
|
|
|
Mexican Bonos |
|
|
|
|
|
|
|
|
8.000%, 11/07/2047 |
|
MXN |
32,082 |
|
|
|
1,518 |
|
8.000%, 07/31/2053 |
|
|
29,228 |
|
|
|
1,372 |
|
7.750%, 11/23/2034 |
|
|
22,761 |
|
|
|
1,116 |
|
7.750%, 11/13/2042 |
|
|
39,824 |
|
|
|
1,845 |
|
7.500%, 06/03/2027 |
|
|
6,308 |
|
|
|
331 |
|
5.750%, 03/05/2026 |
|
|
18,020 |
|
|
|
930 |
|
5.500%, 03/04/2027 |
|
|
26,450 |
|
|
|
1,310 |
|
Mexican Bonos, Ser M20 |
|
|
|
|
|
|
|
|
8.500%, 05/31/2029 |
|
|
19,969 |
|
|
|
1,074 |
|
7.750%, 05/29/2031 |
|
|
20,006 |
|
|
|
1,014 |
|
Mexican Bonos, Ser M30 |
|
|
|
|
|
|
|
|
10.000%, 11/20/2036 |
|
|
41,137 |
|
|
|
2,376 |
|
8.500%, 11/18/2038 |
|
|
3,530 |
|
|
|
179 |
|
Mexico Government International Bond |
|
|
|
|
|
|
|
|
2.875%, 04/08/2039 |
|
EUR |
280 |
|
|
|
210 |
|
|
|
|
|
|
|
|
13,275 |
|
|
|
|
|
|
|
|
|
|
Netherlands — 2.1% |
|
|
|
|
ASR Nederland |
|
|
|
|
|
|
|
|
3.375%, 05/02/2049 (B) |
|
|
255 |
|
|
|
235 |
|
BNG Bank MTN |
|
|
|
|
|
|
|
|
0.000%, 01/20/2031 (F) |
|
|
900 |
|
|
|
745 |
|
Cooperatieve Rabobank UA |
|
|
|
|
|
|
|
|
4.375% (B)(C) |
|
|
200 |
|
|
|
187 |
|
Cooperatieve Rabobank UA MTN |
|
|
|
|
|
|
|
|
5.250%, 09/14/2027 |
|
GBP |
195 |
|
|
|
229 |
|
4.625%, 05/23/2029 |
|
|
290 |
|
|
|
322 |
|
1.250%, 05/31/2032 |
|
EUR |
300 |
|
|
|
262 |
|
Heineken MTN |
|
|
|
|
|
|
|
|
1.000%, 05/04/2026 |
|
|
335 |
|
|
|
331 |
|
ING Groep |
|
|
|
|
|
|
|
|
6.500%, USSW5 + 4.446% (B)(C) |
|
$ |
200 |
|
|
|
189 |
|
3.869%, SOFRRATE + 1.640%, 03/28/2026 (B) |
|
|
505 |
|
|
|
487 |
|
ING Groep MTN |
|
|
|
|
|
|
|
|
2.125%, 05/26/2031 (B) |
|
EUR |
300 |
|
|
|
292 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Nederlandse Waterschapsbank MTN |
|
|
|
|
|
|
|
|
1.250%, 05/27/2036 |
|
EUR |
281 |
|
|
$ |
226 |
|
0.625%, 01/18/2027 |
|
|
225 |
|
|
|
218 |
|
0.000%, 11/16/2026 (F) |
|
|
1,067 |
|
|
|
1,016 |
|
Netherlands Government Bond (A) |
|
|
|
|
|
|
|
|
4.000%, 01/15/2037 |
|
|
236 |
|
|
|
269 |
|
2.500%, 01/15/2030 |
|
|
318 |
|
|
|
326 |
|
2.500%, 01/15/2033 |
|
|
874 |
|
|
|
880 |
|
2.500%, 07/15/2033 |
|
|
245 |
|
|
|
245 |
|
0.500%, 07/15/2026 |
|
|
390 |
|
|
|
385 |
|
0.240%, 01/15/2038 |
|
|
1,262 |
|
|
|
840 |
|
0.118%, 01/15/2052 |
|
|
421 |
|
|
|
184 |
|
0.000%, 01/15/2027 (F) |
|
|
685 |
|
|
|
657 |
|
0.000%, 07/15/2031 (F) |
|
|
692 |
|
|
|
579 |
|
|
|
|
|
|
|
|
9,104 |
|
|
|
|
|
|
|
|
|
|
New Zealand — 1.6% |
|
|
|
|
New Zealand Government Bond |
|
|
|
|
|
|
|
|
4.250%, 05/15/2034 |
|
NZD |
1,080 |
|
|
|
591 |
|
3.500%, 04/14/2033 |
|
|
836 |
|
|
|
435 |
|
3.000%, 04/20/2029 |
|
|
1,366 |
|
|
|
732 |
|
2.750%, 04/15/2025 |
|
|
1,028 |
|
|
|
591 |
|
2.750%, 04/15/2037 |
|
|
2,111 |
|
|
|
941 |
|
2.750%, 05/15/2051 |
|
|
645 |
|
|
|
236 |
|
2.000%, 05/15/2032 |
|
|
304 |
|
|
|
141 |
|
1.750%, 05/15/2041 |
|
|
938 |
|
|
|
326 |
|
1.500%, 05/15/2031 |
|
|
3,313 |
|
|
|
1,521 |
|
New Zealand Government Inflation Linked Bond |
|
|
|
|
|
|
|
|
2.500%, 09/20/2035 |
|
|
769 |
|
|
|
547 |
|
2.500%, 09/20/2040 |
|
|
800 |
|
|
|
540 |
|
New Zealand Local Government Funding Agency Bond |
|
|
|
|
|
|
|
|
4.500%, 04/15/2027 |
|
|
803 |
|
|
|
463 |
|
|
|
|
|
|
|
|
7,064 |
|
|
|
|
|
|
|
|
|
|
Norway — 1.3% |
|
|
|
|
Equinor MTN |
|
|
|
|
|
|
|
|
6.875%, 03/11/2031 |
|
GBP |
185 |
|
|
|
246 |
|
Norway Government Bond (A) |
|
|
|
|
|
|
|
|
3.000%, 08/15/2033 |
|
NOK |
10,333 |
|
|
|
896 |
|
2.125%, 05/18/2032 |
|
|
5,160 |
|
|
|
419 |
|
2.000%, 04/26/2028 |
|
|
2,972 |
|
|
|
255 |
|
1.750%, 02/17/2027 |
|
|
10,007 |
|
|
|
870 |
|
1.750%, 09/06/2029 |
|
|
6,471 |
|
|
|
536 |
|
1.500%, 02/19/2026 |
|
|
6,144 |
|
|
|
543 |
|
1.375%, 08/19/2030 |
|
|
9,406 |
|
|
|
746 |
|
1.250%, 09/17/2031 |
|
|
14,924 |
|
|
|
1,140 |
|
|
|
|
|
|
|
|
5,651 |
|
|
|
|
|
|
|
|
|
|
Panama — 0.1% |
|
|
|
|
Panama Government International Bond |
|
|
|
|
|
|
|
|
6.875%, 01/31/2036 |
|
$ |
285 |
|
|
|
285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Peru — 0.0% |
|
|
|
|
Volcan Cia Minera SAA |
|
|
|
|
|
|
|
|
4.375%, 02/11/2026 (A) |
|
$ |
10 |
|
|
$ |
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Poland — 1.0% |
|
|
|
|
Republic of Poland Government Bond |
|
|
|
|
|
|
|
|
3.750%, 05/25/2027 |
|
PLN |
4,221 |
|
|
|
924 |
|
2.750%, 04/25/2028 |
|
|
2,890 |
|
|
|
598 |
|
2.750%, 10/25/2029 |
|
|
3,091 |
|
|
|
614 |
|
2.500%, 07/25/2026 |
|
|
3,123 |
|
|
|
668 |
|
1.750%, 04/25/2032 |
|
|
2,411 |
|
|
|
403 |
|
1.250%, 10/25/2030 |
|
|
3,666 |
|
|
|
634 |
|
0.250%, 10/25/2026 |
|
|
2,272 |
|
|
|
451 |
|
|
|
|
|
|
|
|
4,292 |
|
|
|
|
|
|
|
|
|
|
Portugal — 0.4% |
|
|
|
|
EDP - Energias de Portugal |
|
|
|
|
|
|
|
|
1.875%, 08/02/2081 (B) |
|
EUR |
300 |
|
|
|
281 |
|
Portugal Obrigacoes do Tesouro OT (A) |
|
|
|
|
|
|
|
|
4.100%, 04/15/2037 |
|
|
452 |
|
|
|
486 |
|
1.950%, 06/15/2029 |
|
|
492 |
|
|
|
486 |
|
0.700%, 10/15/2027 |
|
|
735 |
|
|
|
707 |
|
|
|
|
|
|
|
|
1,960 |
|
|
|
|
|
|
|
|
|
|
Romania — 0.2% |
|
|
|
|
Romania Government Bond |
|
|
|
|
|
|
|
|
8.250%, 09/29/2032 |
|
RON |
435 |
|
|
|
99 |
|
7.900%, 02/24/2038 |
|
|
110 |
|
|
|
25 |
|
6.700%, 02/25/2032 |
|
|
625 |
|
|
|
130 |
|
3.650%, 07/28/2025 |
|
|
1,540 |
|
|
|
313 |
|
Romanian Government International Bond MTN |
|
|
|
|
|
|
|
|
3.875%, 10/29/2035 |
|
EUR |
265 |
|
|
|
218 |
|
|
|
|
|
|
|
|
785 |
|
|
|
|
|
|
|
|
|
|
Singapore — 2.8% |
|
|
|
|
Singapore Government Bond |
|
|
|
|
|
|
|
|
3.500%, 03/01/2027 |
|
SGD |
3,682 |
|
|
|
2,702 |
|
3.375%, 09/01/2033 |
|
|
443 |
|
|
|
323 |
|
3.000%, 09/01/2024 |
|
|
3,890 |
|
|
|
2,825 |
|
2.875%, 09/01/2030 |
|
|
347 |
|
|
|
246 |
|
2.750%, 04/01/2042 |
|
|
301 |
|
|
|
206 |
|
2.750%, 03/01/2046 |
|
|
200 |
|
|
|
136 |
|
2.625%, 08/01/2032 |
|
|
214 |
|
|
|
148 |
|
2.375%, 06/01/2025 |
|
|
4,769 |
|
|
|
3,416 |
|
2.250%, 08/01/2036 |
|
|
1,216 |
|
|
|
789 |
|
2.125%, 06/01/2026 |
|
|
1,790 |
|
|
|
1,261 |
|
1.875%, 10/01/2051 |
|
|
88 |
|
|
|
50 |
|
|
|
|
|
|
|
|
12,102 |
|
|
|
|
|
|
|
|
|
|
Slovak Republic — 0.1% |
|
|
|
|
Slovakia Government Bond |
|
|
|
|
|
|
|
|
4.000%, 10/19/2032 |
|
EUR |
389 |
|
|
|
408 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Slovenia — 0.1% |
|
|
|
|
Slovenia Government Bond |
|
|
|
|
|
|
|
|
1.250%, 03/22/2027 |
|
EUR |
556 |
|
|
$ |
542 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
South Africa — 0.1% |
|
|
|
|
Anglo American Capital MTN |
|
|
|
|
|
|
|
|
1.625%, 09/18/2025 |
|
|
415 |
|
|
|
419 |
|
Bidvest Group UK PLC |
|
|
|
|
|
|
|
|
3.625%, 09/23/2026 (A) |
|
$ |
230 |
|
|
|
204 |
|
|
|
|
|
|
|
|
623 |
|
|
|
|
|
|
|
|
|
|
South Korea — 1.3% |
|
|
|
|
Export-Import Bank of Korea |
|
|
|
|
|
|
|
|
0.829%, 04/27/2025 |
|
EUR |
399 |
|
|
|
401 |
|
Korea Housing Finance |
|
|
|
|
|
|
|
|
0.010%, 06/29/2026 (A) |
|
|
150 |
|
|
|
142 |
|
Korea Treasury Bond |
|
|
|
|
|
|
|
|
3.375%, 06/10/2032 |
|
KRW |
872,000 |
|
|
|
616 |
|
2.625%, 09/10/2035 |
|
|
700,180 |
|
|
|
449 |
|
2.000%, 06/10/2031 |
|
|
2,084,740 |
|
|
|
1,344 |
|
1.875%, 06/10/2029 |
|
|
496,110 |
|
|
|
329 |
|
1.500%, 12/10/2026 |
|
|
738,360 |
|
|
|
508 |
|
1.500%, 12/10/2030 |
|
|
1,713,530 |
|
|
|
1,076 |
|
1.250%, 03/10/2026 |
|
|
101,780 |
|
|
|
71 |
|
1.125%, 09/10/2025 |
|
|
1,184,330 |
|
|
|
833 |
|
|
|
|
|
|
|
|
5,769 |
|
|
|
|
|
|
|
|
|
|
Spain — 3.6% |
|
|
|
|
Banco de Sabadell |
|
|
|
|
|
|
|
|
1.000%, 04/26/2027 |
|
EUR |
300 |
|
|
|
288 |
|
CaixaBank |
|
|
|
|
|
|
|
|
5.875% (B)(C) |
|
|
200 |
|
|
|
190 |
|
3.500%, GUKG1 + 2.100%, 04/06/2028 (B) |
|
GBP |
300 |
|
|
|
331 |
|
1.250%, 01/11/2027 |
|
EUR |
300 |
|
|
|
292 |
|
CaixaBank MTN |
|
|
|
|
|
|
|
|
1.500%, GUKG1 + 1.320%, 12/03/2026 (B) |
|
GBP |
300 |
|
|
|
328 |
|
Grifols Escrow Issuer SA |
|
|
|
|
|
|
|
|
3.875%, 10/15/2028 (A) |
|
EUR |
100 |
|
|
|
89 |
|
Iberdrola International BV |
|
|
|
|
|
|
|
|
1.874% (B)(C) |
|
|
400 |
|
|
|
383 |
|
Spain Government Bond |
|
|
|
|
|
|
|
|
6.000%, 01/31/2029 |
|
|
80 |
|
|
|
95 |
|
4.700%, 07/30/2041 (A) |
|
|
699 |
|
|
|
776 |
|
3.550%, 10/31/2033 (A) |
|
|
2,204 |
|
|
|
2,263 |
|
3.450%, 07/30/2043 (A) |
|
|
226 |
|
|
|
210 |
|
3.450%, 07/30/2066 (A) |
|
|
272 |
|
|
|
229 |
|
2.350%, 07/30/2033 (A) |
|
|
396 |
|
|
|
368 |
|
1.950%, 07/30/2030 (A) |
|
|
188 |
|
|
|
179 |
|
1.900%, 10/31/2052 (A) |
|
|
580 |
|
|
|
358 |
|
1.850%, 07/30/2035 (A) |
|
|
481 |
|
|
|
407 |
|
1.500%, 04/30/2027 (A) |
|
|
393 |
|
|
|
389 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
1.400%, 04/30/2028 (A) |
|
EUR |
978 |
|
|
$ |
946 |
|
1.000%, 07/30/2042 (A) |
|
|
944 |
|
|
|
576 |
|
0.850%, 07/30/2037 (A) |
|
|
497 |
|
|
|
345 |
|
0.800%, 07/30/2029 |
|
|
703 |
|
|
|
638 |
|
0.600%, 10/31/2029 (A) |
|
|
174 |
|
|
|
155 |
|
0.500%, 04/30/2030 (A) |
|
|
353 |
|
|
|
307 |
|
0.054%, 01/31/2028 |
|
|
2,312 |
|
|
|
2,111 |
|
0.000%, 05/31/2025 (F) |
|
|
1,207 |
|
|
|
1,205 |
|
0.000%, 01/31/2026 (F) |
|
|
2,315 |
|
|
|
2,262 |
|
Telefonica Europe BV |
|
|
|
|
|
|
|
|
4.375%, EUSA6 + 4.107% (B)(C) |
|
|
200 |
|
|
|
207 |
|
|
|
|
|
|
|
|
15,927 |
|
|
|
|
|
|
|
|
|
|
Supranational — 0.4% |
|
|
|
|
European Investment Bank MTN |
|
|
|
|
|
|
|
|
0.500%, 11/13/2037 |
|
|
945 |
|
|
|
661 |
|
European Union |
|
|
|
|
|
|
|
|
3.250%, 07/04/2034 |
|
|
1,073 |
|
|
|
1,103 |
|
|
|
|
|
|
|
|
1,764 |
|
|
|
|
|
|
|
|
|
|
Supra-National — 1.1% |
|
|
|
|
Asian Development Bank MTN |
|
|
|
|
|
|
|
|
2.350%, 06/21/2027 |
|
JPY |
410,000 |
|
|
|
2,959 |
|
European Investment Bank |
|
|
|
|
|
|
|
|
2.875%, 01/12/2033 |
|
EUR |
1,015 |
|
|
|
1,028 |
|
1.900%, 01/26/2026 |
|
JPY |
50,000 |
|
|
|
349 |
|
International Bank for Reconstruction & Development MTN (F) |
|
|
|
|
|
|
|
|
0.000%, 01/15/2027 |
|
EUR |
268 |
|
|
|
254 |
|
0.000%, 02/21/2030 |
|
|
33 |
|
|
|
28 |
|
|
|
|
|
|
|
|
4,618 |
|
|
|
|
|
|
|
|
|
|
Sweden — 1.0% |
|
|
|
|
Balder Finland MTN |
|
|
|
|
|
|
|
|
1.375%, 05/24/2030 |
|
|
380 |
|
|
|
258 |
|
Heimstaden Bostad Treasury BV MTN |
|
|
|
|
|
|
|
|
1.375%, 03/03/2027 |
|
|
380 |
|
|
|
323 |
|
0.250%, 10/13/2024 |
|
|
135 |
|
|
|
134 |
|
Skandinaviska Enskilda Banken MTN |
|
|
|
|
|
|
|
|
3.000%, 12/06/2027 |
|
SEK |
6,000 |
|
|
|
531 |
|
Stadshypotek |
|
|
|
|
|
|
|
|
0.500%, 07/11/2025 |
|
EUR |
1,470 |
|
|
|
1,468 |
|
Stadshypotek MTN |
|
|
|
|
|
|
|
|
2.500%, 12/01/2027 |
|
SEK |
6,000 |
|
|
|
520 |
|
Svenska Handelsbanken |
|
|
|
|
|
|
|
|
4.750%, H15T5Y + 4.048% (B)(C) |
|
$ |
200 |
|
|
|
153 |
|
Swedbank |
|
|
|
|
|
|
|
|
5.625%, H15T5Y + 4.134% (B)(C) |
|
|
200 |
|
|
|
191 |
|
Swedbank Hypotek MTN |
|
|
|
|
|
|
|
|
0.050%, 05/28/2025 |
|
EUR |
195 |
|
|
|
194 |
|
Sweden Government Bond |
|
|
|
|
|
|
|
|
1.750%, 11/11/2033 |
|
SEK |
3,645 |
|
|
|
301 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Sweden Inflation Linked Bond |
|
|
|
|
|
|
|
|
0.125%, 12/01/2027 |
|
SEK |
3,335 |
|
|
$ |
371 |
|
|
|
|
|
|
|
|
4,444 |
|
|
|
|
|
|
|
|
|
|
Switzerland — 0.5% |
|
|
|
|
Government of Switzerland |
|
|
|
|
|
|
|
|
3.500%, 04/08/2033 |
|
CHF |
214 |
|
|
|
284 |
|
1.500%, 04/30/2042 |
|
|
408 |
|
|
|
474 |
|
1.250%, 06/11/2024 |
|
|
739 |
|
|
|
806 |
|
UBS Group MTN |
|
|
|
|
|
|
|
|
3.250%, 04/02/2026 (B) |
|
EUR |
550 |
|
|
|
568 |
|
1.250%, EUSA1 + 0.750%, 07/17/2025 (B) |
|
|
134 |
|
|
|
138 |
|
|
|
|
|
|
|
|
2,270 |
|
|
|
|
|
|
|
|
|
|
Thailand — 0.4% |
|
|
|
|
Thailand Government Bond |
|
|
|
|
|
|
|
|
4.675%, 06/29/2044 |
|
THB |
2,840 |
|
|
|
89 |
|
3.300%, 06/17/2038 |
|
|
3,522 |
|
|
|
94 |
|
2.750%, 06/17/2052 |
|
|
4,755 |
|
|
|
107 |
|
1.875%, 06/17/2049 |
|
|
12,489 |
|
|
|
239 |
|
1.600%, 12/17/2029 |
|
|
10,718 |
|
|
|
273 |
|
0.950%, 06/17/2025 |
|
|
42,847 |
|
|
|
1,146 |
|
|
|
|
|
|
|
|
1,948 |
|
|
|
|
|
|
|
|
|
|
United Kingdom — 5.5% |
|
|
|
|
Annington Funding MTN |
|
|
|
|
|
|
|
|
3.184%, 07/12/2029 |
|
GBP |
355 |
|
|
|
360 |
|
Aptiv |
|
|
|
|
|
|
|
|
1.500%, 03/10/2025 |
|
EUR |
440 |
|
|
|
448 |
|
Aviva |
|
|
|
|
|
|
|
|
6.125%, GUKG5 + 2.850%, 11/14/2036 (B) |
|
GBP |
220 |
|
|
|
267 |
|
Barclays |
|
|
|
|
|
|
|
|
7.119%, SOFRRATE + 3.570%, 06/27/2034 (B) |
|
$ |
233 |
|
|
|
224 |
|
Barclays MTN |
|
|
|
|
|
|
|
|
4.000%, 06/26/2029 |
|
AUD |
500 |
|
|
|
277 |
|
BAT International Finance MTN |
|
|
|
|
|
|
|
|
2.250%, 09/09/2052 |
|
GBP |
100 |
|
|
|
47 |
|
BG Energy Capital MTN |
|
|
|
|
|
|
|
|
5.125%, 12/01/2025 |
|
|
215 |
|
|
|
261 |
|
2.250%, 11/21/2029 |
|
EUR |
400 |
|
|
|
379 |
|
BP Capital Markets (C) |
|
|
|
|
|
|
|
|
3.625% (B) |
|
|
281 |
|
|
|
259 |
|
3.250% (B) |
|
|
612 |
|
|
|
605 |
|
Cadent Finance MTN |
|
|
|
|
|
|
|
|
2.750%, 09/22/2046 |
|
GBP |
100 |
|
|
|
68 |
|
2.625%, 09/22/2038 |
|
|
100 |
|
|
|
76 |
|
CCEP Finance Ireland DAC |
|
|
|
|
|
|
|
|
0.500%, 09/06/2029 |
|
EUR |
335 |
|
|
|
290 |
|
Centrica MTN |
|
|
|
|
|
|
|
|
4.375%, 03/13/2029 |
|
GBP |
179 |
|
|
|
204 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
CK Hutchison Europe Finance 21 |
|
|
|
|
|
|
|
|
0.750%, 11/02/2029 |
|
EUR |
375 |
|
|
$ |
318 |
|
CK Hutchison Finance 16 II |
|
|
|
|
|
|
|
|
0.875%, 10/03/2024 |
|
|
212 |
|
|
|
216 |
|
CK Hutchison Group Telecom Finance |
|
|
|
|
|
|
|
|
2.625%, 10/17/2034 |
|
GBP |
260 |
|
|
|
212 |
|
1.500%, 10/17/2031 |
|
EUR |
330 |
|
|
|
272 |
|
CNH Industrial Finance Europe MTN |
|
|
|
|
|
|
|
|
1.750%, 09/12/2025 |
|
|
130 |
|
|
|
132 |
|
CPUK Finance MTN |
|
|
|
|
|
|
|
|
3.690%, 08/28/2028 |
|
GBP |
100 |
|
|
|
107 |
|
3.588%, 08/28/2025 |
|
|
215 |
|
|
|
248 |
|
Gatwick Funding MTN |
|
|
|
|
|
|
|
|
5.250%, 01/23/2024 |
|
|
100 |
|
|
|
122 |
|
HSBC Holdings |
|
|
|
|
|
|
|
|
6.364%, EUSA5 + 3.300%, 11/16/2032 (B) |
|
EUR |
249 |
|
|
|
269 |
|
3.000%, BPSW1 + 1.650%, 07/22/2028 (B) |
|
GBP |
167 |
|
|
|
181 |
|
HSBC Holdings MTN |
|
|
|
|
|
|
|
|
6.000%, 03/29/2040 |
|
|
70 |
|
|
|
75 |
|
Lloyds Banking Group |
|
|
|
|
|
|
|
|
8.000%, H15T5Y + 3.913% (B)(C) |
|
$ |
200 |
|
|
|
179 |
|
National Gas Transmission MTN |
|
|
|
|
|
|
|
|
1.125%, 01/14/2033 |
|
GBP |
430 |
|
|
|
339 |
|
National Grid MTN |
|
|
|
|
|
|
|
|
3.875%, 01/16/2029 |
|
EUR |
330 |
|
|
|
340 |
|
National Grid Electricity Distribution West Midlands MTN |
|
|
|
|
|
|
|
|
3.875%, 10/17/2024 |
|
GBP |
230 |
|
|
|
274 |
|
Natwest Group |
|
|
|
|
|
|
|
|
3.622%, GUKG5 + 3.550%, 08/14/2030 (B) |
|
|
410 |
|
|
|
470 |
|
Santander UK MTN |
|
|
|
|
|
|
|
|
1.250%, 09/18/2024 |
|
EUR |
500 |
|
|
|
515 |
|
Santander UK Group Holdings MTN |
|
|
|
|
|
|
|
|
0.603%, 09/13/2029 (B) |
|
|
135 |
|
|
|
115 |
|
Sky PLC MTN |
|
|
|
|
|
|
|
|
2.250%, 11/17/2025 |
|
|
275 |
|
|
|
281 |
|
Standard Chartered |
|
|
|
|
|
|
|
|
7.141%, US0003M + 1.510%, 07/30/2172 (A)(B)(C) |
|
$ |
300 |
|
|
|
278 |
|
0.800%, 11/17/2029 (B) |
|
EUR |
325 |
|
|
|
283 |
|
United Kingdom Gilt |
|
|
|
|
|
|
|
|
4.500%, 12/07/2042 |
|
GBP |
126 |
|
|
|
148 |
|
4.250%, 12/07/2040 |
|
|
24 |
|
|
|
27 |
|
4.250%, 12/07/2046 |
|
|
476 |
|
|
|
530 |
|
4.250%, 12/07/2049 |
|
|
375 |
|
|
|
415 |
|
4.125%, 01/29/2027 |
|
|
2,359 |
|
|
|
2,838 |
|
4.000%, 10/22/2063 |
|
|
1,493 |
|
|
|
1,574 |
|
3.750%, 01/29/2038 |
|
|
1,342 |
|
|
|
1,473 |
|
3.750%, 10/22/2053 |
|
|
1,649 |
|
|
|
1,656 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
3.500%, 01/22/2045 |
|
GBP |
1,084 |
|
|
$ |
1,081 |
|
3.250%, 01/22/2044 |
|
|
546 |
|
|
|
528 |
|
1.500%, 07/31/2053 |
|
|
251 |
|
|
|
146 |
|
1.250%, 07/31/2051 |
|
|
3,381 |
|
|
|
1,874 |
|
0.875%, 10/22/2029 |
|
|
1,668 |
|
|
|
1,673 |
|
0.375%, 10/22/2026 |
|
|
600 |
|
|
|
648 |
|
Virgin Money UK MTN |
|
|
|
|
|
|
|
|
3.125%, SONIO/N + 2.569%, 06/22/2025 (B) |
|
|
191 |
|
|
|
225 |
|
Vodafone Group MTN |
|
|
|
|
|
|
|
|
4.200%, 12/13/2027 |
|
AUD |
780 |
|
|
|
477 |
|
|
|
|
|
|
|
|
24,304 |
|
|
|
|
|
|
|
|
|
|
United States — 7.0% |
|
|
|
|
Air Products and Chemicals |
|
|
|
|
|
|
|
|
4.000%, 03/03/2035 |
|
EUR |
280 |
|
|
|
288 |
|
Aircastle |
|
|
|
|
|
|
|
|
4.125%, 05/01/2024 |
|
$ |
22 |
|
|
|
22 |
|
Altria Group |
|
|
|
|
|
|
|
|
3.125%, 06/15/2031 |
|
EUR |
310 |
|
|
|
279 |
|
2.200%, 06/15/2027 |
|
|
330 |
|
|
|
323 |
|
American Medical Systems Europe BV |
|
|
|
|
|
|
|
|
1.375%, 03/08/2028 |
|
|
250 |
|
|
|
236 |
|
American Tower |
|
|
|
|
|
|
|
|
1.300%, 09/15/2025 |
|
$ |
535 |
|
|
|
490 |
|
0.875%, 05/21/2029 |
|
EUR |
420 |
|
|
|
362 |
|
Amgen |
|
|
|
|
|
|
|
|
5.150%, 03/02/2028 |
|
$ |
205 |
|
|
|
202 |
|
AT&T |
|
|
|
|
|
|
|
|
3.950%, 04/30/2031 |
|
EUR |
108 |
|
|
|
110 |
|
1.650%, 02/01/2028 |
|
$ |
870 |
|
|
|
734 |
|
Bank of America MTN |
|
|
|
|
|
|
|
|
3.384%, SOFRRATE + 1.330%, 04/02/2026 (B) |
|
|
700 |
|
|
|
670 |
|
2.375%, 06/19/2024 |
|
EUR |
425 |
|
|
|
444 |
|
Becton Dickinson Euro Finance Sarl |
|
|
|
|
|
|
|
|
1.336%, 08/13/2041 |
|
|
300 |
|
|
|
187 |
|
1.213%, 02/12/2036 |
|
|
129 |
|
|
|
94 |
|
0.334%, 08/13/2028 |
|
|
280 |
|
|
|
248 |
|
Berkshire Hathaway |
|
|
|
|
|
|
|
|
0.500%, 01/15/2041 |
|
|
170 |
|
|
|
96 |
|
Booking Holdings |
|
|
|
|
|
|
|
|
4.500%, 11/15/2031 |
|
|
123 |
|
|
|
132 |
|
2.375%, 09/23/2024 |
|
|
355 |
|
|
|
370 |
|
0.500%, 03/08/2028 |
|
|
110 |
|
|
|
100 |
|
Boston Scientific |
|
|
|
|
|
|
|
|
0.625%, 12/01/2027 |
|
|
410 |
|
|
|
380 |
|
Capital One Financial |
|
|
|
|
|
|
|
|
1.650%, 06/12/2029 |
|
|
570 |
|
|
|
494 |
|
Cargill |
|
|
|
|
|
|
|
|
3.875%, 04/24/2030 |
|
|
325 |
|
|
|
338 |
|
CCO Holdings |
|
|
|
|
|
|
|
|
4.500%, 06/01/2033 (A) |
|
$ |
127 |
|
|
|
97 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Charles Schwab |
|
|
|
|
|
|
|
|
5.375%, H15T5Y + 4.971% (B)(C) |
|
$ |
254 |
|
|
$ |
244 |
|
Chubb INA Holdings |
|
|
|
|
|
|
|
|
1.550%, 03/15/2028 |
|
EUR |
325 |
|
|
|
308 |
|
0.875%, 06/15/2027 |
|
|
115 |
|
|
|
109 |
|
0.300%, 12/15/2024 |
|
|
190 |
|
|
|
192 |
|
Citigroup |
|
|
|
|
|
|
|
|
4.000%, H15T5Y + 3.597% (B)(C) |
|
$ |
71 |
|
|
|
62 |
|
Columbia Pipelines Holding |
|
|
|
|
|
|
|
|
6.055%, 08/15/2026 (A) |
|
|
120 |
|
|
|
120 |
|
Comcast |
|
|
|
|
|
|
|
|
0.250%, 05/20/2027 |
|
EUR |
190 |
|
|
|
176 |
|
0.000%, 09/14/2026 (F) |
|
|
550 |
|
|
|
519 |
|
Consolidated Edison |
|
|
|
|
|
|
|
|
0.650%, 12/01/2023 |
|
$ |
1,065 |
|
|
|
1,056 |
|
Corebridge Financial |
|
|
|
|
|
|
|
|
3.500%, 04/04/2025 |
|
|
330 |
|
|
|
317 |
|
Corning |
|
|
|
|
|
|
|
|
3.875%, 05/15/2026 |
|
EUR |
162 |
|
|
|
170 |
|
Delta Airlines |
|
|
|
|
|
|
|
|
4.500%, 10/20/2025 (A) |
|
$ |
176 |
|
|
|
171 |
|
DH Europe Finance II |
|
|
|
|
|
|
|
|
1.800%, 09/18/2049 |
|
EUR |
105 |
|
|
|
67 |
|
Digital Dutch Finco BV |
|
|
|
|
|
|
|
|
0.625%, 07/15/2025 |
|
|
136 |
|
|
|
133 |
|
Digital Intrepid Holding BV |
|
|
|
|
|
|
|
|
0.625%, 07/15/2031 |
|
|
410 |
|
|
|
309 |
|
Discovery Communications |
|
|
|
|
|
|
|
|
3.900%, 11/15/2024 |
|
$ |
665 |
|
|
|
647 |
|
Eli Lilly |
|
|
|
|
|
|
|
|
5.000%, 02/27/2026 |
|
|
590 |
|
|
|
588 |
|
1.375%, 09/14/2061 |
|
EUR |
195 |
|
|
|
96 |
|
Exxon Mobil |
|
|
|
|
|
|
|
|
0.835%, 06/26/2032 |
|
|
600 |
|
|
|
480 |
|
Fiserv |
|
|
|
|
|
|
|
|
4.500%, 05/24/2031 |
|
|
218 |
|
|
|
228 |
|
1.625%, 07/01/2030 |
|
|
258 |
|
|
|
229 |
|
GE Capital UK Funding Unlimited MTN |
|
|
|
|
|
|
|
|
5.875%, 01/18/2033 |
|
GBP |
160 |
|
|
|
192 |
|
GE HealthCare Technologies |
|
|
|
|
|
|
|
|
5.550%, 11/15/2024 |
|
$ |
435 |
|
|
|
433 |
|
General Motors Financial |
|
|
|
|
|
|
|
|
0.600%, 05/20/2027 |
|
EUR |
310 |
|
|
|
285 |
|
Global Payments |
|
|
|
|
|
|
|
|
4.875%, 03/17/2031 |
|
|
359 |
|
|
|
370 |
|
Goldman Sachs Group MTN |
|
|
|
|
|
|
|
|
1.250%, 02/07/2029 |
|
|
639 |
|
|
|
571 |
|
Haleon US Capital LLC |
|
|
|
|
|
|
|
|
3.024%, 03/24/2024 |
|
$ |
265 |
|
|
|
261 |
|
Honeywell International |
|
|
|
|
|
|
|
|
4.125%, 11/02/2034 |
|
EUR |
620 |
|
|
|
644 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Intel |
|
|
|
|
|
|
|
|
4.875%, 02/10/2026 |
|
$ |
250 |
|
|
$ |
247 |
|
International Business Machines |
|
|
|
|
|
|
|
|
3.625%, 02/06/2031 |
|
EUR |
275 |
|
|
|
282 |
|
0.300%, 02/11/2028 |
|
|
240 |
|
|
|
218 |
|
John Deere Capital MTN |
|
|
|
|
|
|
|
|
4.750%, 06/08/2026 |
|
$ |
230 |
|
|
|
227 |
|
JPMorgan Chase MTN |
|
|
|
|
|
|
|
|
1.963%, EUR003M + 1.130%, 03/23/2030 (B) |
|
EUR |
255 |
|
|
|
237 |
|
Kyndryl Holdings |
|
|
|
|
|
|
|
|
2.050%, 10/15/2026 |
|
$ |
455 |
|
|
|
397 |
|
McKesson |
|
|
|
|
|
|
|
|
3.125%, 02/17/2029 |
|
GBP |
315 |
|
|
|
339 |
|
Medtronic Global Holdings SCA |
|
|
|
|
|
|
|
|
1.375%, 10/15/2040 |
|
EUR |
110 |
|
|
|
74 |
|
1.125%, 03/07/2027 |
|
|
400 |
|
|
|
385 |
|
0.250%, 07/02/2025 |
|
|
115 |
|
|
|
114 |
|
Mileage Plus Holdings LLC |
|
|
|
|
|
|
|
|
6.500%, 06/20/2027 (A) |
|
$ |
262 |
|
|
|
260 |
|
Mondelez International |
|
|
|
|
|
|
|
|
0.250%, 03/17/2028 |
|
EUR |
370 |
|
|
|
334 |
|
Mondelez International Holdings Netherlands BV |
|
|
|
|
|
|
|
|
0.625%, 09/09/2032 (A) |
|
|
450 |
|
|
|
353 |
|
Morgan Stanley |
|
|
|
|
|
|
|
|
4.813%, EUR003M + 1.762%, 10/25/2028 (B) |
|
|
435 |
|
|
|
467 |
|
0.406%, 10/29/2027 (B) |
|
|
370 |
|
|
|
347 |
|
Morgan Stanley MTN |
|
|
|
|
|
|
|
|
5.795%, SOFRRATE + 0.455%, 01/25/2024 (B) |
|
$ |
1,000 |
|
|
|
1,000 |
|
MPT Operating Partnership |
|
|
|
|
|
|
|
|
3.325%, 03/24/2025 |
|
EUR |
145 |
|
|
|
135 |
|
National Grid North America MTN |
|
|
|
|
|
|
|
|
1.000%, 07/12/2024 |
|
|
300 |
|
|
|
310 |
|
Ovintiv |
|
|
|
|
|
|
|
|
6.250%, 07/15/2033 |
|
$ |
68 |
|
|
|
66 |
|
Pfizer Investment Enterprises Pte |
|
|
|
|
|
|
|
|
4.450%, 05/19/2026 |
|
|
340 |
|
|
|
332 |
|
Philip Morris International |
|
|
|
|
|
|
|
|
1.450%, 08/01/2039 |
|
EUR |
115 |
|
|
|
71 |
|
0.625%, 11/08/2024 |
|
|
285 |
|
|
|
291 |
|
Philip Morris International MTN |
|
|
|
|
|
|
|
|
2.875%, 03/03/2026 |
|
|
170 |
|
|
|
175 |
|
Principal Life Global Funding II |
|
|
|
|
|
|
|
|
1.250%, 06/23/2025 (A) |
|
$ |
315 |
|
|
|
291 |
|
Prologis Euro Finance |
|
|
|
|
|
|
|
|
0.375%, 02/06/2028 |
|
EUR |
286 |
|
|
|
256 |
|
Public Storage Operating |
|
|
|
|
|
|
|
|
0.500%, 09/09/2030 |
|
|
260 |
|
|
|
211 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Realty Income |
|
|
|
|
|
|
|
|
1.125%, 07/13/2027 |
|
GBP |
385 |
|
|
$ |
392 |
|
Sabra Health Care LP |
|
|
|
|
|
|
|
|
3.900%, 10/15/2029 |
|
$ |
121 |
|
|
|
100 |
|
Southern |
|
|
|
|
|
|
|
|
5.500%, 03/15/2029 |
|
|
320 |
|
|
|
318 |
|
1.875%, 09/15/2081 (B) |
|
EUR |
200 |
|
|
|
167 |
|
Starbucks |
|
|
|
|
|
|
|
|
5.770%, SOFRINDX + 0.420%, 02/14/2024 (B) |
|
$ |
330 |
|
|
|
330 |
|
State Street |
|
|
|
|
|
|
|
|
5.272%, 08/03/2026 |
|
|
225 |
|
|
|
223 |
|
Thermo Fisher Scientific Finance I BV |
|
|
|
|
|
|
|
|
0.800%, 10/18/2030 |
|
EUR |
260 |
|
|
|
222 |
|
0.000%, 11/18/2025 (F) |
|
|
206 |
|
|
|
201 |
|
Time Warner Cable |
|
|
|
|
|
|
|
|
5.750%, 06/02/2031 |
|
GBP |
295 |
|
|
|
335 |
|
Toyota Motor Credit MTN |
|
|
|
|
|
|
|
|
0.625%, 11/21/2024 |
|
EUR |
465 |
|
|
|
474 |
|
TWDC Enterprises 18 |
|
|
|
|
|
|
|
|
2.758%, 10/07/2024 |
|
CAD |
800 |
|
|
|
575 |
|
UnitedHealth Group |
|
|
|
|
|
|
|
|
1.250%, 01/15/2026 |
|
$ |
175 |
|
|
|
159 |
|
Veralto |
|
|
|
|
|
|
|
|
5.500%, 09/18/2026 (A) |
|
|
335 |
|
|
|
333 |
|
Verizon Communications |
|
|
|
|
|
|
|
|
4.250%, 10/31/2030 |
|
EUR |
310 |
|
|
|
327 |
|
2.100%, 03/22/2028 |
|
$ |
445 |
|
|
|
382 |
|
1.125%, 11/03/2028 |
|
GBP |
240 |
|
|
|
235 |
|
Verizon Communications MTN |
|
|
|
|
|
|
|
|
4.050%, 02/17/2025 |
|
AUD |
680 |
|
|
|
432 |
|
VF |
|
|
|
|
|
|
|
|
0.250%, 02/25/2028 |
|
EUR |
395 |
|
|
|
345 |
|
Visa |
|
|
|
|
|
|
|
|
2.000%, 06/15/2029 |
|
|
362 |
|
|
|
349 |
|
Vistra |
|
|
|
|
|
|
|
|
7.000%, H15T5Y + 5.740% (A)(B)(C) |
|
$ |
68 |
|
|
|
62 |
|
Wells Fargo (C) |
|
|
|
|
|
|
|
|
7.625%, H15T5Y + 3.606% (B) |
|
|
50 |
|
|
|
50 |
|
3.900%, H15T5Y + 3.453% (B) |
|
|
91 |
|
|
|
80 |
|
Wells Fargo MTN |
|
|
|
|
|
|
|
|
2.125%, 12/20/2023 |
|
GBP |
345 |
|
|
|
418 |
|
0.500%, 04/26/2024 |
|
EUR |
500 |
|
|
|
518 |
|
Welltower OP LLC |
|
|
|
|
|
|
|
|
4.500%, 12/01/2034 |
|
GBP |
140 |
|
|
|
141 |
|
Western Digital |
|
|
|
|
|
|
|
|
2.850%, 02/01/2029 |
|
$ |
32 |
|
|
|
26 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
WPC Eurobond BV |
|
|
|
|
|
|
|
|
1.350%, 04/15/2028 |
|
EUR |
530 |
|
|
$ |
478 |
|
|
|
|
|
|
|
|
30,764 |
|
|
|
|
|
|
|
|
|
|
Total Global Bonds |
|
|
|
|
|
|
|
|
(Cost $477,776) ($ Thousands) |
|
|
|
|
|
|
408,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. TREASURY OBLIGATIONS — 2.4% |
U.S. Treasury Bill |
|
|
|
|
|
|
|
|
5.329%, 11/16/2023 (G) |
|
$ |
4,939 |
|
|
|
4,906 |
|
U.S. Treasury Inflation Indexed Bonds |
|
|
|
|
|
|
|
|
1.375%, 07/15/2033 |
|
|
478 |
|
|
|
442 |
|
0.125%, 10/15/2026 |
|
|
1,734 |
|
|
|
1,612 |
|
U.S. Treasury Note |
|
|
|
|
|
|
|
|
4.125%, 07/31/2028 |
|
|
3,866 |
|
|
|
3,783 |
|
|
|
|
|
|
Total U.S. Treasury Obligations |
|
|
|
|
(Cost $10,886) ($ Thousands) |
|
|
10,743 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMERCIAL PAPER — 0.4% |
Commercial Paper — 0.4% |
|
|
|
|
Intercontinental Exchange |
|
|
|
|
|
|
|
|
5.414%, 10/20/2023 (A)(G) |
|
|
1,000 |
|
|
|
997 |
|
Oracle |
|
|
|
|
|
|
|
|
5.277%, 10/05/2023 (A)(G) |
|
|
700 |
|
|
|
699 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,696 |
|
|
|
|
|
|
|
|
|
|
Total Commercial Paper |
|
|
|
|
(Cost $1,696) ($ Thousands) |
|
|
1,696 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSET-BACKED SECURITY — 0.2% |
Other Asset-Backed Securities — 0.2% |
|
|
|
|
|
|
|
|
|
Elmwood CLO XII, Ser 2021-5A, Cl D |
|
|
|
|
|
|
|
|
8.638%, TSFR3M + 3.312%, 01/20/2035 (A)(B) |
|
|
750 |
|
|
|
737 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Security |
|
|
|
|
|
|
|
|
(Cost $750) ($ Thousands) |
|
|
|
|
|
|
737 |
|
|
|
|
|
|
|
|
|
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES — 0.0% |
Agency Mortgage-Backed Obligation — 0.0% |
|
|
|
|
FNMA Connecticut Avenue Securities, Ser 2014-C04, Cl 2M2 |
|
|
|
|
|
|
|
|
10.429%, SOFR30A + 5.114%, 11/25/2024(B) |
|
$ |
1 |
|
|
$ |
1 |
|
|
|
|
|
|
|
|
|
|
Non-Agency Mortgage-Backed Obligation — 0.0% |
|
|
|
|
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-6, Cl 3A |
|
|
|
|
|
|
|
|
5.891%, 09/25/2034(B) |
|
|
6 |
|
|
|
4 |
|
JPMorgan Mortgage Trust, Ser 2004-A5, Cl 3A1 |
|
|
|
|
|
|
|
|
4.326%, 12/25/2034(B) |
|
|
18 |
|
|
|
17 |
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
LSTAR Commercial Mortgage Trust, Ser 2016-4, Cl A2 |
|
|
|
|
|
|
|
|
2.579%, 03/10/2049(A) |
|
$ |
31 |
|
|
$ |
30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51 |
|
Total Mortgage-Backed Securities |
|
|
|
|
|
|
|
|
(Cost $56) ($ Thousands) |
|
|
|
|
|
|
52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
|
|
|
|
PURCHASED OPTION — 0.0% |
Total Purchased Option |
|
|
|
|
|
|
|
|
(Cost $6) ($ Thousands) |
|
|
|
|
|
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments in Securities — 96.1% |
|
|
|
|
|
|
|
|
(Cost $491,170) ($ Thousands) |
|
$ |
421,590 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A list of the exchange traded option contracts held by the Fund at September 30, 2023, is as follows:
Description |
|
Number of Contracts |
|
|
Notional Amount
(Thousands) |
|
|
Exercise Price |
|
|
Expiration Date |
|
|
Value
(Thousands) |
|
PURCHASED OPTION — 0.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Call Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 2023, U.S. 5 Year Future Option |
|
|
26 |
|
|
$ |
2,739 |
|
|
$ |
107.00 |
|
|
|
11/18/2023 |
|
|
$ |
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Purchased Option |
|
|
|
|
|
$ |
2,739 |
|
|
|
|
|
|
|
|
|
|
$ |
7 |
|
A list of the open futures contracts held by the Fund at September 30, 2023, is as follows:
Type of Contract |
|
Number of
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (Thousands) |
|
|
Value
(Thousands) |
|
|
Unrealized Appreciation/
(Depreciation)(Thousands) |
|
Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Canadian 5-Year Bond |
|
|
66 |
|
|
|
Dec-2023 |
|
|
$ |
5,288 |
|
|
$ |
5,271 |
|
|
$ |
(63 |
) |
Canadian 10-Year Bond |
|
|
10 |
|
|
|
Dec-2023 |
|
|
|
860 |
|
|
|
852 |
|
|
|
(8 |
) |
Euro-Bobl |
|
|
65 |
|
|
|
Dec-2023 |
|
|
|
8,121 |
|
|
|
7,966 |
|
|
|
(47 |
) |
Euro-BTP |
|
|
13 |
|
|
|
Dec-2023 |
|
|
|
1,558 |
|
|
|
1,510 |
|
|
|
(36 |
) |
Euro-Bund |
|
|
13 |
|
|
|
Dec-2023 |
|
|
|
1,845 |
|
|
|
1,771 |
|
|
|
(37 |
) |
Euro-Buxl |
|
|
12 |
|
|
|
Dec-2023 |
|
|
|
1,659 |
|
|
|
1,555 |
|
|
|
(79 |
) |
Euro-OAT |
|
|
42 |
|
|
|
Dec-2023 |
|
|
|
5,686 |
|
|
|
5,478 |
|
|
|
(108 |
) |
Euro-Schatz |
|
|
95 |
|
|
|
Dec-2023 |
|
|
|
10,667 |
|
|
|
10,560 |
|
|
|
(3 |
) |
Japanese 10-Year Bond |
|
|
12 |
|
|
|
Dec-2023 |
|
|
|
11,864 |
|
|
|
11,657 |
|
|
|
(85 |
) |
Japanese 10-Year Government Bond E-MINI |
|
|
2 |
|
|
|
Dec-2023 |
|
|
|
196 |
|
|
|
194 |
|
|
|
(1 |
) |
Korea 10-Year Bond |
|
|
63 |
|
|
|
Dec-2023 |
|
|
|
5,175 |
|
|
|
5,038 |
|
|
|
(48 |
) |
Korea 3-Year Bond |
|
|
52 |
|
|
|
Dec-2023 |
|
|
|
4,047 |
|
|
|
3,971 |
|
|
|
(5 |
) |
Long Gilt 10-Year Bond |
|
|
8 |
|
|
|
Dec-2023 |
|
|
|
933 |
|
|
|
919 |
|
|
|
4 |
|
Long Gilt 10-Year Bond |
|
|
9 |
|
|
|
Dec-2023 |
|
|
|
1,065 |
|
|
|
1,034 |
|
|
|
(1 |
) |
U.S. 5-Year Treasury Note |
|
|
63 |
|
|
|
Dec-2023 |
|
|
|
6,674 |
|
|
|
6,638 |
|
|
|
(36 |
) |
U.S. 10-Year Treasury Note |
|
|
18 |
|
|
|
Dec-2023 |
|
|
|
1,980 |
|
|
|
1,945 |
|
|
|
(35 |
) |
U.S. Long Treasury Bond |
|
|
21 |
|
|
|
Dec-2023 |
|
|
|
2,523 |
|
|
|
2,389 |
|
|
|
(133 |
) |
|
|
|
|
|
|
|
|
|
|
|
70,141 |
|
|
|
68,748 |
|
|
|
(721 |
) |
Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Australian 10-Year Bond |
|
|
(8 |
) |
|
|
Dec-2023 |
|
|
$ |
(591 |
) |
|
$ |
(578 |
) |
|
$ |
15 |
|
Australian 3-Year Bond |
|
|
(10 |
) |
|
|
Dec-2023 |
|
|
|
(672 |
) |
|
|
(680 |
) |
|
|
1 |
|
Canadian 5-Year Bond |
|
|
(22 |
) |
|
|
Dec-2023 |
|
|
|
(1,763 |
) |
|
|
(1,757 |
) |
|
|
21 |
|
SEI Institutional International Trust
Type of Contract |
|
Number of
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (Thousands) |
|
|
Value
(Thousands) |
|
|
Unrealized Appreciation/
(Depreciation)(Thousands) |
|
Canadian 10-Year Bond |
|
|
(3 |
) |
|
|
Dec-2023 |
|
|
$ |
(256 |
) |
|
$ |
(255 |
) |
|
$ |
– |
|
Euro-Bund |
|
|
(27 |
) |
|
|
Dec-2023 |
|
|
|
(3,746 |
) |
|
|
(3,677 |
) |
|
|
39 |
|
Euro-OAT |
|
|
(10 |
) |
|
|
Dec-2023 |
|
|
|
(1,362 |
) |
|
|
(1,304 |
) |
|
|
30 |
|
Euro-Schatz |
|
|
(69 |
) |
|
|
Dec-2023 |
|
|
|
(7,857 |
) |
|
|
(7,670 |
) |
|
|
27 |
|
Japanese 10-Year Bond |
|
|
(4 |
) |
|
|
Dec-2023 |
|
|
|
(3,972 |
) |
|
|
(3,886 |
) |
|
|
30 |
|
Japanese 10-Year Government Bond E-MINI |
|
|
(3 |
) |
|
|
Dec-2023 |
|
|
|
(298 |
) |
|
|
(292 |
) |
|
|
2 |
|
U.S. 2-Year Treasury Note |
|
|
(41 |
) |
|
|
Dec-2023 |
|
|
|
(8,331 |
) |
|
|
(8,311 |
) |
|
|
19 |
|
U.S. Long Treasury Bond |
|
|
(3 |
) |
|
|
Dec-2023 |
|
|
|
(341 |
) |
|
|
(341 |
) |
|
|
– |
|
U.S. Ultra Long Treasury Bond |
|
|
(23 |
) |
|
|
Dec-2023 |
|
|
|
(2,842 |
) |
|
|
(2,730 |
) |
|
|
113 |
|
Ultra 10-Year U.S. Treasury Note |
|
|
(59 |
) |
|
|
Dec-2023 |
|
|
|
(6,773 |
) |
|
|
(6,582 |
) |
|
|
191 |
|
|
|
|
|
|
|
|
|
|
|
|
(38,804 |
) |
|
|
(38,063 |
) |
|
|
488 |
|
|
|
|
|
|
|
|
|
|
|
$ |
31,337 |
|
|
$ |
30,685 |
|
|
$ |
(233 |
) |
A list of the open forward foreign currency contracts held by the Fund at September 30, 2023, is as follows:
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
Bank of America |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
110 |
|
|
|
CZK |
|
|
|
2,520 |
|
|
$ |
(1 |
) |
Bank of America |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
132 |
|
|
|
MXN |
|
|
|
2,320 |
|
|
|
2 |
|
Bank of America |
|
|
10/04/23 |
|
|
|
CHF |
|
|
|
200 |
|
|
|
USD |
|
|
|
225 |
|
|
|
6 |
|
Bank of America |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
286 |
|
|
|
CAD |
|
|
|
385 |
|
|
|
(1 |
) |
Bank of America |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
289 |
|
|
|
NZD |
|
|
|
490 |
|
|
|
6 |
|
Bank of America |
|
|
10/04/23 |
|
|
|
NZD |
|
|
|
375 |
|
|
|
USD |
|
|
|
221 |
|
|
|
(4 |
) |
Bank of America |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
664 |
|
|
|
EUR |
|
|
|
620 |
|
|
|
(8 |
) |
Bank of America |
|
|
10/04/23 |
|
|
|
MXN |
|
|
|
3,780 |
|
|
|
USD |
|
|
|
220 |
|
|
|
2 |
|
Bank of America |
|
|
10/04/23 |
|
|
|
JPY |
|
|
|
32,700 |
|
|
|
USD |
|
|
|
225 |
|
|
|
6 |
|
Bank of America |
|
|
11/02/23 |
|
|
|
USD |
|
|
|
330 |
|
|
|
JPY |
|
|
|
49,000 |
|
|
|
— |
|
Bank of America |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
130 |
|
|
|
MXN |
|
|
|
2,260 |
|
|
|
(1 |
) |
Bank of America |
|
|
11/03/23 |
|
|
|
CHF |
|
|
|
2,676 |
|
|
|
USD |
|
|
|
2,932 |
|
|
|
(3 |
) |
Bank of America |
|
|
11/27/23 |
|
|
|
JPY |
|
|
|
243,650 |
|
|
|
USD |
|
|
|
1,693 |
|
|
|
45 |
|
Bank of America |
|
|
01/24/24 |
|
|
|
USD |
|
|
|
231 |
|
|
|
CNY |
|
|
|
1,558 |
|
|
|
(14 |
) |
Bank of America |
|
|
01/24/24 |
|
|
|
CNY |
|
|
|
1,558 |
|
|
|
USD |
|
|
|
235 |
|
|
|
18 |
|
Bank of America |
|
|
04/10/24 |
|
|
|
CNY |
|
|
|
1,558 |
|
|
|
USD |
|
|
|
232 |
|
|
|
15 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
CHF |
|
|
|
148 |
|
|
|
USD |
|
|
|
166 |
|
|
|
4 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
168 |
|
|
|
SEK |
|
|
|
1,830 |
|
|
|
— |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
224 |
|
|
|
NZD |
|
|
|
380 |
|
|
|
4 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
357 |
|
|
|
CAD |
|
|
|
481 |
|
|
|
(1 |
) |
Barclays PLC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
88 |
|
|
|
MXN |
|
|
|
1,530 |
|
|
|
— |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
332 |
|
|
|
MXN |
|
|
|
5,665 |
|
|
|
(6 |
) |
Barclays PLC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
109 |
|
|
|
NOK |
|
|
|
1,180 |
|
|
|
2 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
363 |
|
|
|
NOK |
|
|
|
3,840 |
|
|
|
(2 |
) |
Barclays PLC |
|
|
10/04/23 |
|
|
|
RON |
|
|
|
561 |
|
|
|
USD |
|
|
|
123 |
|
|
|
4 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
613 |
|
|
|
JPY |
|
|
|
90,200 |
|
|
|
(9 |
) |
Barclays PLC |
|
|
10/04/23 |
|
|
|
SEK |
|
|
|
1,220 |
|
|
|
USD |
|
|
|
110 |
|
|
|
(2 |
) |
Barclays PLC |
|
|
10/04/23 |
|
|
|
SGD |
|
|
|
1,649 |
|
|
|
USD |
|
|
|
1,220 |
|
|
|
12 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
MXN |
|
|
|
2,240 |
|
|
|
USD |
|
|
|
131 |
|
|
|
2 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
3,040 |
|
|
|
EUR |
|
|
|
2,791 |
|
|
|
(85 |
) |
Barclays PLC |
|
|
10/04/23 |
|
|
|
ZAR |
|
|
|
7,350 |
|
|
|
USD |
|
|
|
394 |
|
|
|
4 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
ZAR |
|
|
|
1,030 |
|
|
|
USD |
|
|
|
54 |
|
|
|
— |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
CAD |
|
|
|
10,319 |
|
|
|
USD |
|
|
|
7,633 |
|
|
|
1 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
CAD |
|
|
|
300 |
|
|
|
USD |
|
|
|
222 |
|
|
|
— |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund (Continued)
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
NOK |
|
|
|
10,430 |
|
|
|
USD |
|
|
|
985 |
|
|
$ |
5 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
NOK |
|
|
|
1,790 |
|
|
|
USD |
|
|
|
168 |
|
|
|
— |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
GBP |
|
|
|
12,837 |
|
|
|
USD |
|
|
|
16,232 |
|
|
|
563 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
THB |
|
|
|
56,022 |
|
|
|
USD |
|
|
|
1,605 |
|
|
|
66 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
EUR |
|
|
|
65,473 |
|
|
|
USD |
|
|
|
71,375 |
|
|
|
2,053 |
|
Barclays PLC |
|
|
10/04/23 |
|
|
|
HUF |
|
|
|
284,360 |
|
|
|
USD |
|
|
|
809 |
|
|
|
34 |
|
Barclays PLC |
|
|
11/02/23 |
|
|
|
CHF |
|
|
|
98 |
|
|
|
USD |
|
|
|
107 |
|
|
|
(1 |
) |
Barclays PLC |
|
|
11/02/23 |
|
|
|
USD |
|
|
|
110 |
|
|
|
JPY |
|
|
|
16,300 |
|
|
|
— |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
8 |
|
|
|
PLN |
|
|
|
35 |
|
|
|
— |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
CHF |
|
|
|
200 |
|
|
|
USD |
|
|
|
220 |
|
|
|
— |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
EUR |
|
|
|
208 |
|
|
|
USD |
|
|
|
221 |
|
|
|
— |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
220 |
|
|
|
GBP |
|
|
|
179 |
|
|
|
(1 |
) |
Barclays PLC |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
222 |
|
|
|
SEK |
|
|
|
2,420 |
|
|
|
1 |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
273 |
|
|
|
NZD |
|
|
|
460 |
|
|
|
3 |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
132 |
|
|
|
MXN |
|
|
|
2,300 |
|
|
|
— |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
220 |
|
|
|
MXN |
|
|
|
3,790 |
|
|
|
(3 |
) |
Barclays PLC |
|
|
11/03/23 |
|
|
|
RON |
|
|
|
561 |
|
|
|
USD |
|
|
|
120 |
|
|
|
— |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
SGD |
|
|
|
1,679 |
|
|
|
USD |
|
|
|
1,233 |
|
|
|
2 |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
PLN |
|
|
|
4,758 |
|
|
|
USD |
|
|
|
1,089 |
|
|
|
(1 |
) |
Barclays PLC |
|
|
11/03/23 |
|
|
|
CZK |
|
|
|
24,648 |
|
|
|
USD |
|
|
|
1,070 |
|
|
|
— |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
MXN |
|
|
|
39,651 |
|
|
|
USD |
|
|
|
2,237 |
|
|
|
(33 |
) |
Barclays PLC |
|
|
11/03/23 |
|
|
|
THB |
|
|
|
75,002 |
|
|
|
USD |
|
|
|
2,057 |
|
|
|
(9 |
) |
Barclays PLC |
|
|
11/03/23 |
|
|
|
HUF |
|
|
|
284,360 |
|
|
|
USD |
|
|
|
766 |
|
|
|
(5 |
) |
BMO Capital |
|
|
10/04/23 |
|
|
|
GBP |
|
|
|
147 |
|
|
|
USD |
|
|
|
182 |
|
|
|
3 |
|
BNP Paribas |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
44 |
|
|
|
CHF |
|
|
|
39 |
|
|
|
(2 |
) |
BNP Paribas |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
112 |
|
|
|
EUR |
|
|
|
103 |
|
|
|
(3 |
) |
BNP Paribas |
|
|
10/04/23 |
|
|
|
GBP |
|
|
|
177 |
|
|
|
USD |
|
|
|
225 |
|
|
|
9 |
|
BNP Paribas |
|
|
10/04/23 |
|
|
|
NZD |
|
|
|
190 |
|
|
|
USD |
|
|
|
112 |
|
|
|
(2 |
) |
BNP Paribas |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
224 |
|
|
|
AUD |
|
|
|
350 |
|
|
|
2 |
|
BNP Paribas |
|
|
10/04/23 |
|
|
|
EUR |
|
|
|
257 |
|
|
|
USD |
|
|
|
274 |
|
|
|
2 |
|
BNP Paribas |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
291 |
|
|
|
GBP |
|
|
|
234 |
|
|
|
(5 |
) |
BNP Paribas |
|
|
10/04/23 |
|
|
|
CAD |
|
|
|
300 |
|
|
|
USD |
|
|
|
222 |
|
|
|
— |
|
BNP Paribas |
|
|
10/04/23 |
|
|
|
MXN |
|
|
|
1,510 |
|
|
|
USD |
|
|
|
88 |
|
|
|
1 |
|
BNP Paribas |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
1,647 |
|
|
|
JPY |
|
|
|
239,766 |
|
|
|
(40 |
) |
BNP Paribas |
|
|
10/04/23 |
|
|
|
CHF |
|
|
|
1,830 |
|
|
|
USD |
|
|
|
2,084 |
|
|
|
84 |
|
BNP Paribas |
|
|
10/04/23 |
|
|
|
ILS |
|
|
|
2,341 |
|
|
|
USD |
|
|
|
617 |
|
|
|
2 |
|
BNP Paribas |
|
|
10/04/23 |
|
|
|
MYR |
|
|
|
8,957 |
|
|
|
USD |
|
|
|
1,933 |
|
|
|
26 |
|
BNP Paribas |
|
|
10/04/23 |
|
|
|
JPY |
|
|
|
6,424,138 |
|
|
|
USD |
|
|
|
44,128 |
|
|
|
1,070 |
|
BNP Paribas |
|
|
10/10/23 |
|
|
|
USD |
|
|
|
112 |
|
|
|
CNY |
|
|
|
813 |
|
|
|
(1 |
) |
BNP Paribas |
|
|
10/10/23 |
|
|
|
CNY |
|
|
|
184,998 |
|
|
|
USD |
|
|
|
25,387 |
|
|
|
(43 |
) |
BNP Paribas |
|
|
10/12/23 |
|
|
|
EUR |
|
|
|
12,093 |
|
|
|
USD |
|
|
|
13,096 |
|
|
|
289 |
|
BNP Paribas |
|
|
11/02/23 |
|
|
|
USD |
|
|
|
2,408 |
|
|
|
JPY |
|
|
|
357,266 |
|
|
|
— |
|
BNP Paribas |
|
|
11/02/23 |
|
|
|
JPY |
|
|
|
6,356,809 |
|
|
|
USD |
|
|
|
42,838 |
|
|
|
3 |
|
BNP Paribas |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
23 |
|
|
|
NOK |
|
|
|
245 |
|
|
|
— |
|
BNP Paribas |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
218 |
|
|
|
CAD |
|
|
|
295 |
|
|
|
— |
|
BNP Paribas |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
221 |
|
|
|
GBP |
|
|
|
180 |
|
|
|
(1 |
) |
BNP Paribas |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
222 |
|
|
|
CHF |
|
|
|
200 |
|
|
|
(2 |
) |
BNP Paribas |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
273 |
|
|
|
NZD |
|
|
|
460 |
|
|
|
3 |
|
BNP Paribas |
|
|
11/03/23 |
|
|
|
EUR |
|
|
|
592 |
|
|
|
USD |
|
|
|
627 |
|
|
|
— |
|
SEI Institutional International Trust
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
BNP Paribas |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
1,207 |
|
|
|
SEK |
|
|
|
13,055 |
|
|
$ |
(3 |
) |
BNP Paribas |
|
|
11/03/23 |
|
|
|
GBP |
|
|
|
1,388 |
|
|
|
USD |
|
|
|
1,701 |
|
|
|
7 |
|
BNP Paribas |
|
|
11/03/23 |
|
|
|
GBP |
|
|
|
90 |
|
|
|
USD |
|
|
|
109 |
|
|
|
(1 |
) |
BNP Paribas |
|
|
11/03/23 |
|
|
|
AUD |
|
|
|
1,540 |
|
|
|
USD |
|
|
|
990 |
|
|
|
(4 |
) |
BNP Paribas |
|
|
11/03/23 |
|
|
|
NZD |
|
|
|
1,894 |
|
|
|
USD |
|
|
|
1,129 |
|
|
|
(9 |
) |
BNP Paribas |
|
|
11/03/23 |
|
|
|
ILS |
|
|
|
2,341 |
|
|
|
USD |
|
|
|
613 |
|
|
|
(3 |
) |
BNP Paribas |
|
|
11/03/23 |
|
|
|
SEK |
|
|
|
4,682 |
|
|
|
USD |
|
|
|
433 |
|
|
|
1 |
|
BNP Paribas |
|
|
11/03/23 |
|
|
|
SEK |
|
|
|
2,410 |
|
|
|
USD |
|
|
|
221 |
|
|
|
(2 |
) |
BNP Paribas |
|
|
11/03/23 |
|
|
|
MYR |
|
|
|
8,957 |
|
|
|
USD |
|
|
|
1,909 |
|
|
|
(13 |
) |
BNP Paribas |
|
|
11/03/23 |
|
|
|
NOK |
|
|
|
12,644 |
|
|
|
USD |
|
|
|
1,192 |
|
|
|
2 |
|
BNP Paribas |
|
|
11/03/23 |
|
|
|
MXN |
|
|
|
27,839 |
|
|
|
USD |
|
|
|
1,590 |
|
|
|
(4 |
) |
BNP Paribas |
|
|
12/07/23 |
|
|
|
SEK |
|
|
|
11,580 |
|
|
|
USD |
|
|
|
1,052 |
|
|
|
(18 |
) |
BNP Paribas |
|
|
12/26/23 |
|
|
|
JPY |
|
|
|
358,200 |
|
|
|
USD |
|
|
|
2,450 |
|
|
|
15 |
|
Brown Brothers Harriman |
|
|
10/12/23 |
|
|
|
USD |
|
|
|
402 |
|
|
|
EUR |
|
|
|
380 |
|
|
|
— |
|
Brown Brothers Harriman |
|
|
10/12/23 |
|
|
|
USD |
|
|
|
4,849 |
|
|
|
EUR |
|
|
|
4,446 |
|
|
|
(141 |
) |
Brown Brothers Harriman |
|
|
10/12/23 |
|
|
|
EUR |
|
|
|
5,271 |
|
|
|
USD |
|
|
|
5,734 |
|
|
|
151 |
|
Brown Brothers Harriman |
|
|
10/19/23 |
|
|
|
JPY |
|
|
|
6,139 |
|
|
|
USD |
|
|
|
43 |
|
|
|
2 |
|
Brown Brothers Harriman |
|
|
10/27/23 |
|
|
|
USD |
|
|
|
132 |
|
|
|
NZD |
|
|
|
222 |
|
|
|
1 |
|
Brown Brothers Harriman |
|
|
10/27/23 |
|
|
|
USD |
|
|
|
400 |
|
|
|
CAD |
|
|
|
539 |
|
|
|
(1 |
) |
Brown Brothers Harriman |
|
|
10/27/23 |
|
|
|
CAD |
|
|
|
113 |
|
|
|
USD |
|
|
|
84 |
|
|
|
— |
|
Brown Brothers Harriman |
|
|
10/27/23 |
|
|
|
CAD |
|
|
|
388 |
|
|
|
USD |
|
|
|
287 |
|
|
|
— |
|
Brown Brothers Harriman |
|
|
11/08/23 |
|
|
|
USD |
|
|
|
528 |
|
|
|
AUD |
|
|
|
827 |
|
|
|
6 |
|
Brown Brothers Harriman |
|
|
11/16/23 |
|
|
|
MXN |
|
|
|
8,125 |
|
|
|
USD |
|
|
|
471 |
|
|
|
7 |
|
Brown Brothers Harriman |
|
|
11/16/23 |
|
|
|
MXN |
|
|
|
5,786 |
|
|
|
USD |
|
|
|
327 |
|
|
|
(4 |
) |
Brown Brothers Harriman |
|
|
11/17/23 |
|
|
|
GBP |
|
|
|
219 |
|
|
|
USD |
|
|
|
275 |
|
|
|
7 |
|
Brown Brothers Harriman |
|
|
11/17/23 |
|
|
|
USD |
|
|
|
472 |
|
|
|
GBP |
|
|
|
381 |
|
|
|
(8 |
) |
Brown Brothers Harriman |
|
|
12/07/23 |
|
|
|
SEK |
|
|
|
3,179 |
|
|
|
USD |
|
|
|
286 |
|
|
|
(8 |
) |
CIBC |
|
|
10/04/23 |
|
|
|
GBP |
|
|
|
265 |
|
|
|
USD |
|
|
|
331 |
|
|
|
7 |
|
CIBC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
334 |
|
|
|
JPY |
|
|
|
49,100 |
|
|
|
(4 |
) |
Citigroup |
|
|
10/04/23 |
|
|
|
EUR |
|
|
|
91 |
|
|
|
USD |
|
|
|
97 |
|
|
|
1 |
|
Citigroup |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
112 |
|
|
|
SEK |
|
|
|
1,235 |
|
|
|
2 |
|
Citigroup |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
166 |
|
|
|
NOK |
|
|
|
1,780 |
|
|
|
1 |
|
Citigroup |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
223 |
|
|
|
CAD |
|
|
|
300 |
|
|
|
(2 |
) |
Citigroup |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
447 |
|
|
|
CHF |
|
|
|
400 |
|
|
|
(9 |
) |
Citigroup |
|
|
10/04/23 |
|
|
|
NOK |
|
|
|
1,185 |
|
|
|
USD |
|
|
|
111 |
|
|
|
— |
|
Citigroup |
|
|
10/04/23 |
|
|
|
SEK |
|
|
|
1,840 |
|
|
|
USD |
|
|
|
166 |
|
|
|
(3 |
) |
Citigroup |
|
|
10/04/23 |
|
|
|
RON |
|
|
|
2,713 |
|
|
|
USD |
|
|
|
596 |
|
|
|
19 |
|
Citigroup |
|
|
10/12/23 |
|
|
|
EUR |
|
|
|
12,822 |
|
|
|
USD |
|
|
|
13,806 |
|
|
|
226 |
|
Citigroup |
|
|
10/12/23 |
|
|
|
EUR |
|
|
|
11,753 |
|
|
|
USD |
|
|
|
12,405 |
|
|
|
(43 |
) |
Citigroup |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
219 |
|
|
|
GBP |
|
|
|
179 |
|
|
|
(1 |
) |
Citigroup |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
221 |
|
|
|
CHF |
|
|
|
200 |
|
|
|
(1 |
) |
Citigroup |
|
|
11/03/23 |
|
|
|
GBP |
|
|
|
523 |
|
|
|
USD |
|
|
|
642 |
|
|
|
3 |
|
Citigroup |
|
|
11/03/23 |
|
|
|
AUD |
|
|
|
622 |
|
|
|
USD |
|
|
|
403 |
|
|
|
1 |
|
Citigroup |
|
|
11/03/23 |
|
|
|
RON |
|
|
|
2,713 |
|
|
|
USD |
|
|
|
578 |
|
|
|
1 |
|
Citigroup |
|
|
11/17/23 |
|
|
|
USD |
|
|
|
706 |
|
|
|
GBP |
|
|
|
578 |
|
|
|
— |
|
Citigroup |
|
|
11/17/23 |
|
|
|
GBP |
|
|
|
10,738 |
|
|
|
USD |
|
|
|
13,389 |
|
|
|
283 |
|
Citigroup |
|
|
01/11/24 |
|
|
|
USD |
|
|
|
173 |
|
|
|
CNH |
|
|
|
1,253 |
|
|
|
— |
|
Credit Agricole |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
105 |
|
|
|
SEK |
|
|
|
1,160 |
|
|
|
2 |
|
Credit Agricole |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
223 |
|
|
|
JPY |
|
|
|
32,700 |
|
|
|
(4 |
) |
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund (Continued)
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
Credit Agricole |
|
|
10/04/23 |
|
|
|
MXN |
|
|
|
3,790 |
|
|
|
USD |
|
|
|
221 |
|
|
$ |
3 |
|
Credit Agricole |
|
|
10/04/23 |
|
|
|
JPY |
|
|
|
32,500 |
|
|
|
USD |
|
|
|
224 |
|
|
|
6 |
|
Credit Agricole |
|
|
10/10/23 |
|
|
|
USD |
|
|
|
112 |
|
|
|
CNY |
|
|
|
813 |
|
|
|
— |
|
Credit Agricole |
|
|
11/02/23 |
|
|
|
JPY |
|
|
|
437,306 |
|
|
|
USD |
|
|
|
2,955 |
|
|
|
8 |
|
Credit Agricole |
|
|
04/10/24 |
|
|
|
USD |
|
|
|
221 |
|
|
|
CNY |
|
|
|
1,558 |
|
|
|
(4 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
EUR |
|
|
|
103 |
|
|
|
USD |
|
|
|
113 |
|
|
|
4 |
|
Goldman Sachs |
|
|
10/04/23 |
|
|
|
CHF |
|
|
|
200 |
|
|
|
USD |
|
|
|
224 |
|
|
|
6 |
|
Goldman Sachs |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
222 |
|
|
|
EUR |
|
|
|
207 |
|
|
|
(2 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
222 |
|
|
|
GBP |
|
|
|
179 |
|
|
|
(3 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
223 |
|
|
|
NOK |
|
|
|
2,370 |
|
|
|
— |
|
Goldman Sachs |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
266 |
|
|
|
NZD |
|
|
|
450 |
|
|
|
4 |
|
Goldman Sachs |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
447 |
|
|
|
AUD |
|
|
|
690 |
|
|
|
(2 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
448 |
|
|
|
CHF |
|
|
|
400 |
|
|
|
(11 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
572 |
|
|
|
MXN |
|
|
|
9,785 |
|
|
|
(9 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
AUD |
|
|
|
690 |
|
|
|
USD |
|
|
|
444 |
|
|
|
(2 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
893 |
|
|
|
JPY |
|
|
|
130,700 |
|
|
|
(17 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
CAD |
|
|
|
600 |
|
|
|
USD |
|
|
|
447 |
|
|
|
3 |
|
Goldman Sachs |
|
|
10/04/23 |
|
|
|
CAD |
|
|
|
605 |
|
|
|
USD |
|
|
|
447 |
|
|
|
(1 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
1,431 |
|
|
|
SEK |
|
|
|
15,860 |
|
|
|
29 |
|
Goldman Sachs |
|
|
10/04/23 |
|
|
|
ZAR |
|
|
|
2,480 |
|
|
|
USD |
|
|
|
131 |
|
|
|
(1 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
MXN |
|
|
|
7,580 |
|
|
|
USD |
|
|
|
442 |
|
|
|
6 |
|
Goldman Sachs |
|
|
10/04/23 |
|
|
|
NOK |
|
|
|
4,740 |
|
|
|
USD |
|
|
|
446 |
|
|
|
— |
|
Goldman Sachs |
|
|
10/04/23 |
|
|
|
NOK |
|
|
|
3,590 |
|
|
|
USD |
|
|
|
335 |
|
|
|
(3 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
JPY |
|
|
|
179,400 |
|
|
|
USD |
|
|
|
1,225 |
|
|
|
23 |
|
Goldman Sachs |
|
|
10/10/23 |
|
|
|
USD |
|
|
|
221 |
|
|
|
CNY |
|
|
|
1,609 |
|
|
|
1 |
|
Goldman Sachs |
|
|
10/10/23 |
|
|
|
CNY |
|
|
|
3,958 |
|
|
|
USD |
|
|
|
546 |
|
|
|
2 |
|
Goldman Sachs |
|
|
11/02/23 |
|
|
|
USD |
|
|
|
568 |
|
|
|
JPY |
|
|
|
84,400 |
|
|
|
1 |
|
Goldman Sachs |
|
|
11/02/23 |
|
|
|
USD |
|
|
|
551 |
|
|
|
JPY |
|
|
|
81,500 |
|
|
|
(2 |
) |
Goldman Sachs |
|
|
11/02/23 |
|
|
|
JPY |
|
|
|
122,300 |
|
|
|
USD |
|
|
|
827 |
|
|
|
3 |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
130 |
|
|
|
ZAR |
|
|
|
2,480 |
|
|
|
1 |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
162 |
|
|
|
AUD |
|
|
|
250 |
|
|
|
— |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
207 |
|
|
|
CAD |
|
|
|
280 |
|
|
|
— |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
311 |
|
|
|
GBP |
|
|
|
255 |
|
|
|
— |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
328 |
|
|
|
CHF |
|
|
|
300 |
|
|
|
1 |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
441 |
|
|
|
SEK |
|
|
|
4,790 |
|
|
|
1 |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
820 |
|
|
|
NZD |
|
|
|
1,380 |
|
|
|
8 |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
NZD |
|
|
|
1,102 |
|
|
|
USD |
|
|
|
657 |
|
|
|
(4 |
) |
Goldman Sachs |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
2,450 |
|
|
|
EUR |
|
|
|
2,311 |
|
|
|
— |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
ZAR |
|
|
|
2,480 |
|
|
|
USD |
|
|
|
132 |
|
|
|
1 |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
ZAR |
|
|
|
2,520 |
|
|
|
USD |
|
|
|
132 |
|
|
|
(1 |
) |
Goldman Sachs |
|
|
11/03/23 |
|
|
|
CNY |
|
|
|
11,327 |
|
|
|
USD |
|
|
|
1,556 |
|
|
|
(22 |
) |
HSBC |
|
|
10/27/23 |
|
|
|
CAD |
|
|
|
1,095 |
|
|
|
USD |
|
|
|
810 |
|
|
|
— |
|
HSBC |
|
|
01/11/24 |
|
|
|
USD |
|
|
|
853 |
|
|
|
CNH |
|
|
|
6,210 |
|
|
|
3 |
|
JPMorgan Chase Bank |
|
|
10/02/23 |
|
|
|
USD |
|
|
|
1,038 |
|
|
|
PEN |
|
|
|
3,888 |
|
|
|
(13 |
) |
JPMorgan Chase Bank |
|
|
10/02/23 |
|
|
|
PEN |
|
|
|
3,888 |
|
|
|
USD |
|
|
|
1,038 |
|
|
|
13 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
110 |
|
|
|
NOK |
|
|
|
1,180 |
|
|
|
1 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
111 |
|
|
|
GBP |
|
|
|
89 |
|
|
|
(3 |
) |
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
445 |
|
|
|
CHF |
|
|
|
400 |
|
|
|
(7 |
) |
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
CAD |
|
|
|
450 |
|
|
|
USD |
|
|
|
333 |
|
|
|
— |
|
SEI Institutional International Trust
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
AUD |
|
|
|
172 |
|
|
|
USD |
|
|
|
111 |
|
|
$ |
— |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
AUD |
|
|
|
345 |
|
|
|
USD |
|
|
|
222 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
554 |
|
|
|
NZD |
|
|
|
930 |
|
|
|
5 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
608 |
|
|
|
JPY |
|
|
|
89,700 |
|
|
|
(7 |
) |
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
589 |
|
|
|
CAD |
|
|
|
799 |
|
|
|
2 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
111 |
|
|
|
CAD |
|
|
|
150 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
1,305 |
|
|
|
EUR |
|
|
|
1,215 |
|
|
|
(18 |
) |
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
RON |
|
|
|
1,562 |
|
|
|
USD |
|
|
|
343 |
|
|
|
11 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
EUR |
|
|
|
2,065 |
|
|
|
USD |
|
|
|
2,221 |
|
|
|
34 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
CHF |
|
|
|
2,927 |
|
|
|
USD |
|
|
|
3,270 |
|
|
|
70 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
NOK |
|
|
|
4,478 |
|
|
|
USD |
|
|
|
417 |
|
|
|
(4 |
) |
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
DKK |
|
|
|
4,529 |
|
|
|
USD |
|
|
|
663 |
|
|
|
20 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
THB |
|
|
|
14,086 |
|
|
|
USD |
|
|
|
395 |
|
|
|
8 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
JPY |
|
|
|
16,300 |
|
|
|
USD |
|
|
|
112 |
|
|
|
3 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
CZK |
|
|
|
25,908 |
|
|
|
USD |
|
|
|
1,166 |
|
|
|
40 |
|
JPMorgan Chase Bank |
|
|
10/10/23 |
|
|
|
USD |
|
|
|
451 |
|
|
|
CNY |
|
|
|
3,300 |
|
|
|
3 |
|
JPMorgan Chase Bank |
|
|
10/10/23 |
|
|
|
USD |
|
|
|
1,384 |
|
|
|
CNY |
|
|
|
9,977 |
|
|
|
(13 |
) |
JPMorgan Chase Bank |
|
|
10/10/23 |
|
|
|
CNY |
|
|
|
3,251 |
|
|
|
USD |
|
|
|
451 |
|
|
|
4 |
|
JPMorgan Chase Bank |
|
|
10/11/23 |
|
|
|
IDR |
|
|
|
64,963,205 |
|
|
|
USD |
|
|
|
4,252 |
|
|
|
51 |
|
JPMorgan Chase Bank |
|
|
10/12/23 |
|
|
|
EUR |
|
|
|
1,345 |
|
|
|
USD |
|
|
|
1,433 |
|
|
|
8 |
|
JPMorgan Chase Bank |
|
|
10/13/23 |
|
|
|
EUR |
|
|
|
28,777 |
|
|
|
USD |
|
|
|
31,135 |
|
|
|
656 |
|
JPMorgan Chase Bank |
|
|
10/20/23 |
|
|
|
IDR |
|
|
|
30,716,669 |
|
|
|
USD |
|
|
|
2,000 |
|
|
|
14 |
|
JPMorgan Chase Bank |
|
|
10/25/23 |
|
|
|
JPY |
|
|
|
2,181,564 |
|
|
|
USD |
|
|
|
14,897 |
|
|
|
219 |
|
JPMorgan Chase Bank |
|
|
10/27/23 |
|
|
|
CAD |
|
|
|
11,902 |
|
|
|
USD |
|
|
|
8,794 |
|
|
|
(13 |
) |
JPMorgan Chase Bank |
|
|
10/27/23 |
|
|
|
COP |
|
|
|
3,397,158 |
|
|
|
USD |
|
|
|
857 |
|
|
|
23 |
|
JPMorgan Chase Bank |
|
|
11/02/23 |
|
|
|
USD |
|
|
|
440 |
|
|
|
JPY |
|
|
|
64,900 |
|
|
|
(3 |
) |
JPMorgan Chase Bank |
|
|
11/02/23 |
|
|
|
PEN |
|
|
|
3,888 |
|
|
|
USD |
|
|
|
1,036 |
|
|
|
10 |
|
JPMorgan Chase Bank |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
110 |
|
|
|
NOK |
|
|
|
1,180 |
|
|
|
1 |
|
JPMorgan Chase Bank |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
167 |
|
|
|
AUD |
|
|
|
260 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
222 |
|
|
|
SEK |
|
|
|
2,470 |
|
|
|
6 |
|
JPMorgan Chase Bank |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
218 |
|
|
|
EUR |
|
|
|
207 |
|
|
|
2 |
|
JPMorgan Chase Bank |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
221 |
|
|
|
EUR |
|
|
|
207 |
|
|
|
(1 |
) |
JPMorgan Chase Bank |
|
|
11/03/23 |
|
|
|
MXN |
|
|
|
960 |
|
|
|
USD |
|
|
|
54 |
|
|
|
(1 |
) |
JPMorgan Chase Bank |
|
|
11/03/23 |
|
|
|
CZK |
|
|
|
1,270 |
|
|
|
USD |
|
|
|
55 |
|
|
|
(1 |
) |
JPMorgan Chase Bank |
|
|
11/03/23 |
|
|
|
NZD |
|
|
|
1,295 |
|
|
|
USD |
|
|
|
770 |
|
|
|
(7 |
) |
JPMorgan Chase Bank |
|
|
11/03/23 |
|
|
|
RON |
|
|
|
1,562 |
|
|
|
USD |
|
|
|
333 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
ILS |
|
|
|
8,581 |
|
|
|
USD |
|
|
|
2,328 |
|
|
|
68 |
|
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
THB |
|
|
|
90,159 |
|
|
|
USD |
|
|
|
2,589 |
|
|
|
102 |
|
JPMorgan Chase Bank |
|
|
11/27/23 |
|
|
|
USD |
|
|
|
1,079 |
|
|
|
HUF |
|
|
|
391,105 |
|
|
|
(23 |
) |
JPMorgan Chase Bank |
|
|
12/04/23 |
|
|
|
CNY |
|
|
|
50,597 |
|
|
|
USD |
|
|
|
6,983 |
|
|
|
(51 |
) |
JPMorgan Chase Bank |
|
|
12/04/23 |
|
|
|
THB |
|
|
|
104,118 |
|
|
|
USD |
|
|
|
2,990 |
|
|
|
114 |
|
JPMorgan Chase Bank |
|
|
12/05/23 |
|
|
|
CZK |
|
|
|
67,625 |
|
|
|
USD |
|
|
|
3,015 |
|
|
|
80 |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
USD |
|
|
|
32 |
|
|
|
CNY |
|
|
|
230 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
CHF |
|
|
|
1,807 |
|
|
|
USD |
|
|
|
2,069 |
|
|
|
78 |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
CAD |
|
|
|
2,389 |
|
|
|
USD |
|
|
|
1,767 |
|
|
|
(2 |
) |
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
CNY |
|
|
|
3,300 |
|
|
|
USD |
|
|
|
452 |
|
|
|
(7 |
) |
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
USD |
|
|
|
4,271 |
|
|
|
GBP |
|
|
|
3,367 |
|
|
|
(161 |
) |
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
USD |
|
|
|
4,685 |
|
|
|
NOK |
|
|
|
49,777 |
|
|
|
5 |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
AUD |
|
|
|
5,735 |
|
|
|
USD |
|
|
|
3,725 |
|
|
|
16 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund (Continued)
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
USD |
|
|
|
10,530 |
|
|
|
SEK |
|
|
|
114,077 |
|
|
$ |
10 |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
SGD |
|
|
|
18,593 |
|
|
|
USD |
|
|
|
13,832 |
|
|
|
162 |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
NZD |
|
|
|
22,440 |
|
|
|
USD |
|
|
|
13,379 |
|
|
|
(98 |
) |
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
MXN |
|
|
|
107,029 |
|
|
|
USD |
|
|
|
6,169 |
|
|
|
81 |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
KRW |
|
|
|
2,001,853 |
|
|
|
USD |
|
|
|
1,524 |
|
|
|
30 |
|
JPMorgan Chase Bank |
|
|
12/18/23 |
|
|
|
PLN |
|
|
|
13,801 |
|
|
|
USD |
|
|
|
3,207 |
|
|
|
53 |
|
Merrill Lynch |
|
|
10/27/23 |
|
|
|
USD |
|
|
|
1,388 |
|
|
|
CAD |
|
|
|
1,897 |
|
|
|
16 |
|
Merrill Lynch |
|
|
11/08/23 |
|
|
|
AUD |
|
|
|
6,313 |
|
|
|
USD |
|
|
|
4,091 |
|
|
|
13 |
|
Midland Walwyn Capital Inc. |
|
|
10/04/23 |
|
|
|
RON |
|
|
|
119 |
|
|
|
USD |
|
|
|
26 |
|
|
|
1 |
|
Midland Walwyn Capital Inc. |
|
|
10/04/23 |
|
|
|
GBP |
|
|
|
134 |
|
|
|
USD |
|
|
|
166 |
|
|
|
2 |
|
Midland Walwyn Capital Inc. |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
166 |
|
|
|
EUR |
|
|
|
155 |
|
|
|
(2 |
) |
Midland Walwyn Capital Inc. |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
220 |
|
|
|
GBP |
|
|
|
178 |
|
|
|
(2 |
) |
Midland Walwyn Capital Inc. |
|
|
10/04/23 |
|
|
|
NZD |
|
|
|
370 |
|
|
|
USD |
|
|
|
219 |
|
|
|
(3 |
) |
Midland Walwyn Capital Inc. |
|
|
10/04/23 |
|
|
|
MYR |
|
|
|
371 |
|
|
|
USD |
|
|
|
80 |
|
|
|
1 |
|
Midland Walwyn Capital Inc. |
|
|
10/04/23 |
|
|
|
JPY |
|
|
|
179,200 |
|
|
|
USD |
|
|
|
1,221 |
|
|
|
20 |
|
Midland Walwyn Capital Inc. |
|
|
11/03/23 |
|
|
|
RON |
|
|
|
119 |
|
|
|
USD |
|
|
|
25 |
|
|
|
— |
|
Midland Walwyn Capital Inc. |
|
|
11/03/23 |
|
|
|
MYR |
|
|
|
371 |
|
|
|
USD |
|
|
|
79 |
|
|
|
(1 |
) |
Morgan Stanley |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
111 |
|
|
|
GBP |
|
|
|
89 |
|
|
|
(3 |
) |
Morgan Stanley |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
524 |
|
|
|
RON |
|
|
|
2,383 |
|
|
|
(16 |
) |
Morgan Stanley |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
952 |
|
|
|
EUR |
|
|
|
885 |
|
|
|
(15 |
) |
Morgan Stanley |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
1,088 |
|
|
|
NZD |
|
|
|
1,843 |
|
|
|
20 |
|
Morgan Stanley |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
2,627 |
|
|
|
JPY |
|
|
|
385,600 |
|
|
|
(42 |
) |
Morgan Stanley |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
670 |
|
|
|
AUD |
|
|
|
1,050 |
|
|
|
8 |
|
Morgan Stanley |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
2,470 |
|
|
|
AUD |
|
|
|
3,806 |
|
|
|
(14 |
) |
Morgan Stanley |
|
|
10/04/23 |
|
|
|
NZD |
|
|
|
5,298 |
|
|
|
USD |
|
|
|
3,149 |
|
|
|
(34 |
) |
Morgan Stanley |
|
|
10/04/23 |
|
|
|
AUD |
|
|
|
5,958 |
|
|
|
USD |
|
|
|
3,868 |
|
|
|
22 |
|
Morgan Stanley |
|
|
10/04/23 |
|
|
|
AUD |
|
|
|
515 |
|
|
|
USD |
|
|
|
331 |
|
|
|
(1 |
) |
Morgan Stanley |
|
|
10/04/23 |
|
|
|
MXN |
|
|
|
31,763 |
|
|
|
USD |
|
|
|
1,887 |
|
|
|
60 |
|
Morgan Stanley |
|
|
10/04/23 |
|
|
|
JPY |
|
|
|
64,900 |
|
|
|
USD |
|
|
|
446 |
|
|
|
11 |
|
Morgan Stanley |
|
|
10/10/23 |
|
|
|
CNY |
|
|
|
1,237 |
|
|
|
USD |
|
|
|
170 |
|
|
|
— |
|
Morgan Stanley |
|
|
10/10/23 |
|
|
|
CNY |
|
|
|
812 |
|
|
|
USD |
|
|
|
110 |
|
|
|
(1 |
) |
Morgan Stanley |
|
|
10/12/23 |
|
|
|
EUR |
|
|
|
13,461 |
|
|
|
USD |
|
|
|
14,701 |
|
|
|
444 |
|
Morgan Stanley |
|
|
10/27/23 |
|
|
|
CAD |
|
|
|
1,265 |
|
|
|
USD |
|
|
|
937 |
|
|
|
1 |
|
Morgan Stanley |
|
|
11/02/23 |
|
|
|
USD |
|
|
|
330 |
|
|
|
JPY |
|
|
|
49,100 |
|
|
|
1 |
|
Morgan Stanley |
|
|
11/02/23 |
|
|
|
JPY |
|
|
|
65,200 |
|
|
|
USD |
|
|
|
441 |
|
|
|
2 |
|
Morgan Stanley |
|
|
11/02/23 |
|
|
|
JPY |
|
|
|
40,800 |
|
|
|
USD |
|
|
|
275 |
|
|
|
— |
|
Morgan Stanley |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
273 |
|
|
|
NZD |
|
|
|
460 |
|
|
|
4 |
|
Morgan Stanley |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
508 |
|
|
|
RON |
|
|
|
2,383 |
|
|
|
(1 |
) |
Morgan Stanley |
|
|
11/03/23 |
|
|
|
NZD |
|
|
|
553 |
|
|
|
USD |
|
|
|
330 |
|
|
|
(2 |
) |
Morgan Stanley |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
2,731 |
|
|
|
EUR |
|
|
|
2,571 |
|
|
|
(6 |
) |
Morgan Stanley |
|
|
11/03/23 |
|
|
|
EUR |
|
|
|
63,621 |
|
|
|
USD |
|
|
|
67,554 |
|
|
|
116 |
|
RBC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
222 |
|
|
|
EUR |
|
|
|
204 |
|
|
|
(6 |
) |
RBC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
225 |
|
|
|
CHF |
|
|
|
200 |
|
|
|
(6 |
) |
RBC |
|
|
10/04/23 |
|
|
|
CAD |
|
|
|
295 |
|
|
|
USD |
|
|
|
219 |
|
|
|
1 |
|
RBC |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
316 |
|
|
|
SEK |
|
|
|
3,440 |
|
|
|
— |
|
RBC |
|
|
10/04/23 |
|
|
|
SEK |
|
|
|
5,842 |
|
|
|
USD |
|
|
|
537 |
|
|
|
— |
|
RBC |
|
|
11/02/23 |
|
|
|
USD |
|
|
|
331 |
|
|
|
JPY |
|
|
|
49,000 |
|
|
|
(1 |
) |
RBC |
|
|
11/02/23 |
|
|
|
JPY |
|
|
|
32,600 |
|
|
|
USD |
|
|
|
221 |
|
|
|
1 |
|
RBS |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
590 |
|
|
|
GBP |
|
|
|
484 |
|
|
|
— |
|
SEI Institutional International Trust
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
SCB Securities |
|
|
10/04/23 |
|
|
|
MYR |
|
|
|
1,125 |
|
|
|
USD |
|
|
|
243 |
|
|
$ |
3 |
|
SCB Securities |
|
|
10/10/23 |
|
|
|
CNY |
|
|
|
836 |
|
|
|
USD |
|
|
|
114 |
|
|
|
(1 |
) |
SCB Securities |
|
|
10/10/23 |
|
|
|
USD |
|
|
|
25,874 |
|
|
|
CNY |
|
|
|
189,411 |
|
|
|
162 |
|
SCB Securities |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
114 |
|
|
|
CNY |
|
|
|
836 |
|
|
|
2 |
|
SCB Securities |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
206 |
|
|
|
EUR |
|
|
|
195 |
|
|
|
1 |
|
SCB Securities |
|
|
11/03/23 |
|
|
|
MYR |
|
|
|
1,125 |
|
|
|
USD |
|
|
|
240 |
|
|
|
(2 |
) |
SCB Securities |
|
|
11/03/23 |
|
|
|
CNY |
|
|
|
189,411 |
|
|
|
USD |
|
|
|
25,885 |
|
|
|
(492 |
) |
SCB Securities |
|
|
04/12/24 |
|
|
|
HKD |
|
|
|
2,720 |
|
|
|
USD |
|
|
|
350 |
|
|
|
1 |
|
SCB Securities |
|
|
05/09/24 |
|
|
|
HKD |
|
|
|
2,705 |
|
|
|
USD |
|
|
|
348 |
|
|
|
1 |
|
State Street |
|
|
10/04/23 |
|
|
|
NOK |
|
|
|
96 |
|
|
|
USD |
|
|
|
9 |
|
|
|
— |
|
State Street |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
111 |
|
|
|
EUR |
|
|
|
102 |
|
|
|
(3 |
) |
State Street |
|
|
10/04/23 |
|
|
|
GBP |
|
|
|
179 |
|
|
|
USD |
|
|
|
223 |
|
|
|
5 |
|
State Street |
|
|
10/04/23 |
|
|
|
NZD |
|
|
|
190 |
|
|
|
USD |
|
|
|
112 |
|
|
|
(2 |
) |
State Street |
|
|
10/04/23 |
|
|
|
EUR |
|
|
|
206 |
|
|
|
USD |
|
|
|
221 |
|
|
|
3 |
|
State Street |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
221 |
|
|
|
CAD |
|
|
|
300 |
|
|
|
1 |
|
State Street |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
222 |
|
|
|
GBP |
|
|
|
175 |
|
|
|
(8 |
) |
State Street |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
223 |
|
|
|
NZD |
|
|
|
380 |
|
|
|
5 |
|
State Street |
|
|
10/04/23 |
|
|
|
CAD |
|
|
|
300 |
|
|
|
USD |
|
|
|
224 |
|
|
|
2 |
|
State Street |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
113 |
|
|
|
AUD |
|
|
|
175 |
|
|
|
— |
|
State Street |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
393 |
|
|
|
AUD |
|
|
|
605 |
|
|
|
(2 |
) |
State Street |
|
|
10/04/23 |
|
|
|
CHF |
|
|
|
690 |
|
|
|
USD |
|
|
|
781 |
|
|
|
26 |
|
State Street |
|
|
10/04/23 |
|
|
|
AUD |
|
|
|
167 |
|
|
|
USD |
|
|
|
108 |
|
|
|
— |
|
State Street |
|
|
10/04/23 |
|
|
|
AUD |
|
|
|
690 |
|
|
|
USD |
|
|
|
445 |
|
|
|
— |
|
State Street |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
2,109 |
|
|
|
CHF |
|
|
|
1,880 |
|
|
|
(54 |
) |
State Street |
|
|
10/04/23 |
|
|
|
MXN |
|
|
|
2,340 |
|
|
|
USD |
|
|
|
134 |
|
|
|
— |
|
State Street |
|
|
10/10/23 |
|
|
|
CNY |
|
|
|
805 |
|
|
|
USD |
|
|
|
110 |
|
|
|
— |
|
State Street |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
230 |
|
|
|
NOK |
|
|
|
2,478 |
|
|
|
3 |
|
State Street |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
972 |
|
|
|
EUR |
|
|
|
920 |
|
|
|
4 |
|
State Street |
|
|
11/03/23 |
|
|
|
MXN |
|
|
|
3,547 |
|
|
|
USD |
|
|
|
199 |
|
|
|
(4 |
) |
TD Securities |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
9 |
|
|
|
PLN |
|
|
|
35 |
|
|
|
— |
|
TD Securities |
|
|
10/04/23 |
|
|
|
SGD |
|
|
|
30 |
|
|
|
USD |
|
|
|
22 |
|
|
|
— |
|
TD Securities |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
73 |
|
|
|
EUR |
|
|
|
67 |
|
|
|
(2 |
) |
TD Securities |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
445 |
|
|
|
CHF |
|
|
|
395 |
|
|
|
(14 |
) |
TD Securities |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
685 |
|
|
|
GBP |
|
|
|
558 |
|
|
|
(4 |
) |
TD Securities |
|
|
10/04/23 |
|
|
|
PLN |
|
|
|
4,758 |
|
|
|
USD |
|
|
|
1,157 |
|
|
|
67 |
|
TD Securities |
|
|
10/04/23 |
|
|
|
JPY |
|
|
|
32,600 |
|
|
|
USD |
|
|
|
221 |
|
|
|
3 |
|
TD Securities |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
374 |
|
|
|
NZD |
|
|
|
628 |
|
|
|
3 |
|
TD Securities |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
1,290 |
|
|
|
AUD |
|
|
|
2,011 |
|
|
|
9 |
|
TD Securities |
|
|
11/03/23 |
|
|
|
NZD |
|
|
|
3,598 |
|
|
|
USD |
|
|
|
2,142 |
|
|
|
(19 |
) |
TD Securities |
|
|
11/03/23 |
|
|
|
AUD |
|
|
|
5,640 |
|
|
|
USD |
|
|
|
3,617 |
|
|
|
(26 |
) |
TD Securities |
|
|
11/03/23 |
|
|
|
CAD |
|
|
|
10,754 |
|
|
|
USD |
|
|
|
7,966 |
|
|
|
7 |
|
TD Securities |
|
|
11/03/23 |
|
|
|
GBP |
|
|
|
11,215 |
|
|
|
USD |
|
|
|
13,723 |
|
|
|
35 |
|
UBS |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
132 |
|
|
|
MXN |
|
|
|
2,290 |
|
|
|
— |
|
UBS |
|
|
10/04/23 |
|
|
|
GBP |
|
|
|
150 |
|
|
|
USD |
|
|
|
186 |
|
|
|
3 |
|
UBS |
|
|
10/04/23 |
|
|
|
RON |
|
|
|
163 |
|
|
|
USD |
|
|
|
36 |
|
|
|
1 |
|
UBS |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
285 |
|
|
|
NZD |
|
|
|
480 |
|
|
|
4 |
|
UBS |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
155 |
|
|
|
AUD |
|
|
|
241 |
|
|
|
1 |
|
UBS |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
158 |
|
|
|
AUD |
|
|
|
244 |
|
|
|
— |
|
UBS |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
333 |
|
|
|
NOK |
|
|
|
3,560 |
|
|
|
2 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
International Fixed Income Fund (Concluded)
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
UBS |
|
|
10/04/23 |
|
|
|
CHF |
|
|
|
395 |
|
|
|
USD |
|
|
|
448 |
|
|
$ |
16 |
|
UBS |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
411 |
|
|
|
EUR |
|
|
|
383 |
|
|
|
(6 |
) |
UBS |
|
|
10/04/23 |
|
|
|
CZK |
|
|
|
1,260 |
|
|
|
USD |
|
|
|
55 |
|
|
|
— |
|
UBS |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
1,491 |
|
|
|
GBP |
|
|
|
1,172 |
|
|
|
(60 |
) |
UBS |
|
|
10/04/23 |
|
|
|
NZD |
|
|
|
1,500 |
|
|
|
USD |
|
|
|
891 |
|
|
|
(10 |
) |
UBS |
|
|
10/04/23 |
|
|
|
AUD |
|
|
|
518 |
|
|
|
USD |
|
|
|
334 |
|
|
|
— |
|
UBS |
|
|
10/04/23 |
|
|
|
AUD |
|
|
|
1,735 |
|
|
|
USD |
|
|
|
1,114 |
|
|
|
(6 |
) |
UBS |
|
|
10/04/23 |
|
|
|
THB |
|
|
|
4,894 |
|
|
|
USD |
|
|
|
137 |
|
|
|
3 |
|
UBS |
|
|
10/04/23 |
|
|
|
SEK |
|
|
|
8,650 |
|
|
|
USD |
|
|
|
775 |
|
|
|
(21 |
) |
UBS |
|
|
10/04/23 |
|
|
|
MXN |
|
|
|
97,590 |
|
|
|
USD |
|
|
|
5,795 |
|
|
|
181 |
|
UBS |
|
|
11/03/23 |
|
|
|
RON |
|
|
|
163 |
|
|
|
USD |
|
|
|
35 |
|
|
|
— |
|
UBS |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
220 |
|
|
|
NOK |
|
|
|
2,360 |
|
|
|
2 |
|
UBS |
|
|
11/03/23 |
|
|
|
NZD |
|
|
|
506 |
|
|
|
USD |
|
|
|
303 |
|
|
|
(1 |
) |
UBS |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
1,318 |
|
|
|
EUR |
|
|
|
1,248 |
|
|
|
4 |
|
UBS |
|
|
11/03/23 |
|
|
|
ZAR |
|
|
|
10,860 |
|
|
|
USD |
|
|
|
577 |
|
|
|
2 |
|
UBS |
|
|
11/03/23 |
|
|
|
MXN |
|
|
|
38,701 |
|
|
|
USD |
|
|
|
2,171 |
|
|
|
(45 |
) |
UBS |
|
|
01/11/24 |
|
|
|
CNH |
|
|
|
143,587 |
|
|
|
USD |
|
|
|
19,781 |
|
|
|
(26 |
) |
Westpac Banking |
|
|
10/04/23 |
|
|
|
JPY |
|
|
|
55,571 |
|
|
|
USD |
|
|
|
383 |
|
|
|
10 |
|
Westpac Banking |
|
|
11/03/23 |
|
|
|
DKK |
|
|
|
4,529 |
|
|
|
USD |
|
|
|
645 |
|
|
|
1 |
|
Westpac Banking |
|
|
11/20/23 |
|
|
|
JPY |
|
|
|
162,800 |
|
|
|
USD |
|
|
|
1,136 |
|
|
|
36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,513 |
|
A list of the open OTC swap agreements held by the Fund at September 30, 2023, is 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) |
|
Deutsche Bank |
|
China 7-Day Reverse Repo Rate |
|
|
|
2.985% |
|
|
|
Quarterly |
|
|
|
06/03/2024 |
|
|
|
CNY |
|
|
|
23,220 |
|
|
$ |
27 |
|
|
$ |
– |
|
|
$ |
27 |
|
Deutsche Bank |
|
China 7-Day Reverse Repo Rate |
|
|
|
2.755% |
|
|
|
Quarterly |
|
|
|
09/09/2024 |
|
|
|
CNY |
|
|
|
31,000 |
|
|
|
37 |
|
|
|
– |
|
|
|
37 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
64 |
|
|
$ |
– |
|
|
$ |
64 |
|
A list of the open centrally cleared swap agreements held by the Fund at September 30, 2023, is 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) |
|
|
China 7-Day Reverse Repo Rate |
|
|
|
2.8000% |
|
|
|
Quarterly |
|
|
|
04/02/2026 |
|
|
|
CNY |
|
|
|
12,090 |
|
|
$ |
29 |
|
|
$ |
– |
|
|
$ |
29 |
|
|
|
3-MONTH NZD RATE |
|
|
|
2.58% |
|
|
|
Quarterly |
|
|
|
11/01/2024 |
|
|
|
NZD |
|
|
|
980 |
|
|
|
(20 |
) |
|
|
– |
|
|
|
(20 |
) |
|
|
3-MONTH NZD RATE |
|
|
|
2.0525% |
|
|
|
Quarterly |
|
|
|
11/02/2024 |
|
|
|
NZD |
|
|
|
2,620 |
|
|
|
(56 |
) |
|
|
– |
|
|
|
(56 |
) |
|
|
6-MONTH EURIBOR |
|
|
|
1.5455% |
|
|
|
Semi-Annually |
|
|
|
08/18/2027 |
|
|
|
EUR |
|
|
|
5,175 |
|
|
|
(368 |
) |
|
|
– |
|
|
|
(368 |
) |
|
|
3-MONTH NZD RATE |
|
|
|
4.18% |
|
|
|
Quarterly |
|
|
|
04/26/2033 |
|
|
|
NZD |
|
|
|
2,350 |
|
|
|
(106 |
) |
|
|
– |
|
|
|
(106 |
) |
|
|
1.041% |
|
|
|
1-DAY JPY-TONAR |
|
|
|
Annually |
|
|
|
06/09/2053 |
|
|
|
JPY |
|
|
|
124,710 |
|
|
|
99 |
|
|
|
– |
|
|
|
99 |
|
|
China 7-Day Fixing Repo Rates |
|
|
|
2.4197% |
|
|
|
Quarterly |
|
|
|
09/28/2028 |
|
|
|
CNY |
|
|
|
19,590 |
|
|
|
6 |
|
|
|
– |
|
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(416 |
) |
|
$ |
– |
|
|
$ |
(416 |
) |
|
Percentages are based on Net Assets of $438,855 ($ Thousands). |
SEI Institutional International Trust
(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 September 30, 2023, the value of these securities amounted to $51,086 ($ Thousands), representing 11.6% of the Net Assets of the Fund. |
(B) |
Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates. |
(C) |
Perpetual security with no stated maturity date. |
(D) |
Security, or a portion thereof, has been pledged as collateral on open futures contracts. The total market value of such securities as of September 30, 2023 was $1,912 ($ Thousands). |
(E) |
Zero coupon security. |
(F) |
No interest rate available. |
(G) |
Interest rate represents the security's effective yield at the time of purchase. |
The following is a summary of the level of inputs used as of September 30, 2023, 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 |
|
|
– |
|
|
|
408,355 |
|
|
|
– |
|
|
|
408,355 |
|
U.S. Treasury Obligations |
|
|
– |
|
|
|
10,743 |
|
|
|
– |
|
|
|
10,743 |
|
Commercial Paper |
|
|
– |
|
|
|
1,696 |
|
|
|
– |
|
|
|
1,696 |
|
Asset-Backed Security |
|
|
– |
|
|
|
737 |
|
|
|
– |
|
|
|
737 |
|
Mortgage-Backed Securities |
|
|
– |
|
|
|
52 |
|
|
|
– |
|
|
|
52 |
|
Purchased Option |
|
|
7 |
|
|
|
– |
|
|
|
– |
|
|
|
7 |
|
Total Investments in Securities |
|
|
7 |
|
|
|
421,583 |
|
|
|
– |
|
|
|
421,590 |
|
Other Financial Instruments |
|
Level 1
($) |
|
|
Level 2
($) |
|
|
Level 3
($) |
|
|
Total
($) |
|
Futures Contracts* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
492 |
|
|
|
– |
|
|
|
– |
|
|
|
492 |
|
Unrealized Depreciation |
|
|
(725 |
) |
|
|
– |
|
|
|
– |
|
|
|
(725 |
) |
Forward Contracts* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
– |
|
|
|
8,569 |
|
|
|
– |
|
|
|
8,569 |
|
Unrealized Depreciation |
|
|
– |
|
|
|
(2,056 |
) |
|
|
– |
|
|
|
(2,056 |
) |
OTC Swaps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Swaps* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
– |
|
|
|
64 |
|
|
|
– |
|
|
|
64 |
|
Centrally Cleared Swaps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Swaps* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
– |
|
|
|
134 |
|
|
|
– |
|
|
|
134 |
|
Unrealized Depreciation |
|
|
– |
|
|
|
(550 |
) |
|
|
– |
|
|
|
(550 |
) |
Total Other Financial Instruments |
|
|
(233 |
) |
|
|
6,161 |
|
|
|
– |
|
|
|
5,928 |
|
*
|
Futures contracts, forwards contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instruments.
|
For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying notes are an integral part of the financial statements.
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund
†Percentages based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS — 95.4% |
Angola — 0.9% |
|
|
|
|
Angolan Government International Bond |
|
|
|
|
|
|
|
|
9.500%, 11/12/2025 (A) |
|
$ |
112 |
|
|
$ |
110 |
|
9.375%, 05/08/2048 |
|
|
3,260 |
|
|
|
2,397 |
|
8.750%, 04/14/2032 |
|
|
3,728 |
|
|
|
2,991 |
|
8.750%, 04/14/2032 (A) |
|
|
489 |
|
|
|
392 |
|
8.250%, 05/09/2028 (A) |
|
|
854 |
|
|
|
738 |
|
8.250%, 05/09/2028 |
|
|
735 |
|
|
|
636 |
|
Angolan Government International Bond MTN |
|
|
|
|
|
|
|
|
9.125%, 11/26/2049 |
|
|
299 |
|
|
|
214 |
|
8.000%, 11/26/2029 |
|
|
980 |
|
|
|
805 |
|
Republic of Angola Via Avenir Issuer II Ireland DAC |
|
|
|
|
|
|
|
|
6.927%, 02/19/2027 |
|
|
2,480 |
|
|
|
2,285 |
|
|
|
|
|
|
|
|
10,568 |
|
|
|
|
|
|
|
|
|
|
Argentina — 0.9% |
|
|
|
|
Argentine Republic Government International Bond |
|
|
|
|
|
|
|
|
3.625%, 07/09/2035 (B) |
|
|
14,877 |
|
|
|
3,670 |
|
3.500%, 07/09/2041 (B) |
|
|
8,553 |
|
|
|
2,188 |
|
0.750%, 07/09/2030 (B) |
|
|
7,034 |
|
|
|
2,000 |
|
0.500%, 07/09/2029 |
|
EUR |
13 |
|
|
|
3 |
|
MSU Energy |
|
|
|
|
|
|
|
|
6.875%, 02/01/2025 (A) |
|
$ |
285 |
|
|
|
209 |
|
Provincia de Buenos Aires MTN |
|
|
|
|
|
|
|
|
6.375%, 09/01/2037 (B) |
|
|
5,624 |
|
|
|
1,830 |
|
4.000%, 09/01/2037 (B) |
|
EUR |
666 |
|
|
|
162 |
|
Provincia de Cordoba |
|
|
|
|
|
|
|
|
6.875%, 12/10/2025 (A)(B) |
|
$ |
450 |
|
|
|
374 |
|
|
|
|
|
|
|
|
10,436 |
|
|
|
|
|
|
|
|
|
|
Armenia — 0.2% |
|
|
|
|
Republic of Armenia International Bond |
|
|
|
|
|
|
|
|
3.950%, 09/26/2029 |
|
|
200 |
|
|
|
161 |
|
3.600%, 02/02/2031 |
|
|
2,352 |
|
|
|
1,768 |
|
|
|
|
|
|
|
|
1,929 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Australia — 0.0% |
|
|
|
|
AngloGold Ashanti Holdings |
|
|
|
|
|
|
|
|
3.750%, 10/01/2030 |
|
$ |
229 |
|
|
$ |
184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Azerbaijan — 0.8% |
|
|
|
|
Republic of Azerbaijan International Bond |
|
|
|
|
|
|
|
|
5.125%, 09/01/2029 |
|
|
1,457 |
|
|
|
1,355 |
|
3.500%, 09/01/2032 |
|
|
540 |
|
|
|
439 |
|
3.500%, 09/01/2032 (A) |
|
|
150 |
|
|
|
122 |
|
Southern Gas Corridor CJSC |
|
|
|
|
|
|
|
|
6.875%, 03/24/2026 (A) |
|
|
690 |
|
|
|
686 |
|
6.875%, 03/24/2026 |
|
|
4,195 |
|
|
|
4,170 |
|
State Oil of the Azerbaijan Republic |
|
|
|
|
|
|
|
|
6.950%, 03/18/2030 |
|
|
1,840 |
|
|
|
1,854 |
|
6.950%, 03/18/2030 |
|
|
430 |
|
|
|
433 |
|
|
|
|
|
|
|
|
9,059 |
|
|
|
|
|
|
|
|
|
|
Bahamas — 0.1% |
|
|
|
|
Bahamas Government International Bond |
|
|
|
|
|
|
|
|
6.000%, 11/21/2028 |
|
|
950 |
|
|
|
782 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bahrain — 1.0% |
|
|
|
|
Bahrain Government International Bond |
|
|
|
|
|
|
|
|
7.750%, 04/18/2035 (A) |
|
|
838 |
|
|
|
836 |
|
5.625%, 09/30/2031 |
|
|
2,040 |
|
|
|
1,829 |
|
5.625%, 09/30/2031 (A) |
|
|
420 |
|
|
|
377 |
|
5.450%, 09/16/2032 |
|
|
2,082 |
|
|
|
1,810 |
|
Bahrain Government International Bond MTN |
|
|
|
|
|
|
|
|
5.625%, 05/18/2034 (A) |
|
|
2,477 |
|
|
|
2,117 |
|
5.250%, 01/25/2033 |
|
|
1,280 |
|
|
|
1,090 |
|
5.250%, 01/25/2033 (A) |
|
|
200 |
|
|
|
170 |
|
4.250%, 01/25/2028 |
|
|
1,306 |
|
|
|
1,194 |
|
CBB International Sukuk Programme WLL |
|
|
|
|
|
|
|
|
3.875%, 05/18/2029 (A) |
|
|
1,094 |
|
|
|
958 |
|
3.875%, 05/18/2029 |
|
|
546 |
|
|
|
478 |
|
Oil and Gas Holding BSCC |
|
|
|
|
|
|
|
|
8.375%, 11/07/2028 (A) |
|
|
560 |
|
|
|
590 |
|
8.375%, 11/07/2028 |
|
|
450 |
|
|
|
474 |
|
|
|
|
|
|
|
|
11,923 |
|
|
|
|
|
|
|
|
|
|
Benin — 0.1% |
|
|
|
|
Benin Government International Bond |
|
|
|
|
|
|
|
|
6.875%, 01/19/2052 |
|
EUR |
158 |
|
|
|
111 |
|
4.950%, 01/22/2035 |
|
|
819 |
|
|
|
594 |
|
4.875%, 01/19/2032 |
|
|
102 |
|
|
|
80 |
|
|
|
|
|
|
|
|
785 |
|
|
|
|
|
|
|
|
|
|
Bermuda — 0.2% |
|
|
|
|
Bermuda Government International Bond |
|
|
|
|
|
|
|
|
5.000%, 07/15/2032 |
|
$ |
409 |
|
|
|
381 |
|
4.750%, 02/15/2029 |
|
|
954 |
|
|
|
904 |
|
3.717%, 01/25/2027 |
|
|
431 |
|
|
|
403 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
2.375%, 08/20/2030 |
|
$ |
221 |
|
|
$ |
178 |
|
|
|
|
|
|
|
|
1,866 |
|
|
|
|
|
|
|
|
|
|
Bolivia — 0.0% |
|
|
|
|
Bolivian Government International Bond |
|
|
|
|
|
|
|
|
4.500%, 03/20/2028 |
|
|
602 |
|
|
|
341 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brazil — 6.9% |
|
|
|
|
Braskem Netherlands Finance BV (A) |
|
|
|
|
|
|
|
|
8.500%, 01/12/2031 |
|
|
900 |
|
|
|
892 |
|
7.250%, 02/13/2033 |
|
|
1,289 |
|
|
|
1,187 |
|
Brazil Letras do Tesouro Nacional |
|
|
|
|
|
|
|
|
0.000%, 01/01/2025 (C) |
|
BRL |
77,318 |
|
|
|
13,582 |
|
Brazil Minas SPE via State of Minas Gerais |
|
|
|
|
|
|
|
|
5.333%, 02/15/2028 |
|
$ |
1,170 |
|
|
|
1,135 |
|
5.333%, 02/15/2028 (A) |
|
|
112 |
|
|
|
109 |
|
Brazil Notas do Tesouro Nacional Serie F |
|
|
|
|
|
|
|
|
10.000%, 01/01/2033 |
|
BRL |
36,812 |
|
|
|
6,694 |
|
Brazil Notas do Tesouro Nacional, Serie B |
|
|
|
|
|
|
|
|
6.000%, 05/15/2035 |
|
|
268 |
|
|
|
227 |
|
6.000%, 05/15/2045 |
|
|
119 |
|
|
|
100 |
|
6.000%, 08/15/2050 |
|
|
519 |
|
|
|
436 |
|
Brazil Notas do Tesouro Nacional, Serie F |
|
|
|
|
|
|
|
|
10.000%, 01/01/2025 |
|
|
38,488 |
|
|
|
7,607 |
|
10.000%, 01/01/2027 |
|
|
72,088 |
|
|
|
14,051 |
|
10.000%, 01/01/2029 |
|
|
72,861 |
|
|
|
13,820 |
|
10.000%, 01/01/2031 |
|
|
20,635 |
|
|
|
3,826 |
|
Brazilian Government International Bond |
|
|
|
|
|
|
|
|
6.000%, 10/20/2033 |
|
$ |
3,600 |
|
|
|
3,396 |
|
5.625%, 02/21/2047 |
|
|
1,589 |
|
|
|
1,258 |
|
5.000%, 01/27/2045 |
|
|
1,719 |
|
|
|
1,271 |
|
4.750%, 01/14/2050 |
|
|
6,517 |
|
|
|
4,500 |
|
3.750%, 09/12/2031 |
|
|
785 |
|
|
|
660 |
|
Centrais Eletricas Brasileiras |
|
|
|
|
|
|
|
|
4.625%, 02/04/2030 (A) |
|
|
226 |
|
|
|
196 |
|
CSN Resources |
|
|
|
|
|
|
|
|
4.625%, 06/10/2031 (A) |
|
|
625 |
|
|
|
476 |
|
Iochpe-Maxion Austria GmbH |
|
|
|
|
|
|
|
|
5.000%, 05/07/2028 (A) |
|
|
620 |
|
|
|
534 |
|
MC Brazil Downstream Trading SARL |
|
|
|
|
|
|
|
|
7.250%, 06/30/2031 (A) |
|
|
1,184 |
|
|
|
908 |
|
7.250%, 06/30/2031 |
|
|
338 |
|
|
|
259 |
|
Minerva Luxembourg |
|
|
|
|
|
|
|
|
4.375%, 03/18/2031 (A) |
|
|
297 |
|
|
|
230 |
|
MV24 Capital BV |
|
|
|
|
|
|
|
|
6.748%, 06/01/2034 (A) |
|
|
349 |
|
|
|
308 |
|
Nexa Resources |
|
|
|
|
|
|
|
|
5.375%, 05/04/2027 (A) |
|
|
2,591 |
|
|
|
2,396 |
|
Petrobras Global Finance BV |
|
|
|
|
|
|
|
|
6.500%, 07/03/2033 |
|
|
873 |
|
|
|
833 |
|
Suzano Austria GmbH (A) |
|
|
|
|
|
|
|
|
7.000%, 03/16/2047 |
|
|
399 |
|
|
|
384 |
|
6.000%, 01/15/2029 |
|
|
288 |
|
|
|
280 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
5.000%, 01/15/2030 |
|
$ |
494 |
|
|
$ |
451 |
|
|
|
|
|
|
|
|
82,006 |
|
|
|
|
|
|
|
|
|
|
Cameroon — 0.1% |
|
|
|
|
Republic of Cameroon International Bond |
|
|
|
|
|
|
|
|
5.950%, 07/07/2032 |
|
EUR |
960 |
|
|
|
673 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cayman Islands — 0.1% |
|
|
|
|
Neon Capital MTN |
|
|
|
|
|
|
|
|
2.015%, 01/06/2028 (D) |
|
JPY |
183,835 |
|
|
|
1,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chile — 2.1% |
|
|
|
|
Alfa Desarrollo SpA |
|
|
|
|
|
|
|
|
4.550%, 09/27/2051 (A) |
|
$ |
226 |
|
|
|
154 |
|
ATP Tower Holdings LLC |
|
|
|
|
|
|
|
|
4.050%, 04/27/2026 (A) |
|
|
255 |
|
|
|
221 |
|
Banco de Credito e Inversiones |
|
|
|
|
|
|
|
|
3.500%, 10/12/2027 (A) |
|
|
1,046 |
|
|
|
955 |
|
Bonos de la Tesoreria de la Republica |
|
|
|
|
|
|
|
|
1.900%, 09/01/2030 |
|
CLP |
913,031 |
|
|
|
940 |
|
Bonos de la Tesoreria de la Republica en pesos |
|
|
|
|
|
|
|
|
7.000%, 05/01/2034 (A) |
|
|
525,000 |
|
|
|
623 |
|
6.000%, 04/01/2033 (A) |
|
|
610,000 |
|
|
|
671 |
|
5.000%, 10/01/2028 (A) |
|
|
1,075,000 |
|
|
|
1,137 |
|
5.000%, 03/01/2035 |
|
|
275,000 |
|
|
|
278 |
|
4.700%, 09/01/2030 (A) |
|
|
720,000 |
|
|
|
734 |
|
4.500%, 03/01/2026 |
|
|
995,000 |
|
|
|
1,060 |
|
2.800%, 10/01/2033 (A) |
|
|
640,000 |
|
|
|
539 |
|
Cencosud |
|
|
|
|
|
|
|
|
4.375%, 07/17/2027 (A) |
|
$ |
1,819 |
|
|
|
1,672 |
|
Chile Government International Bond |
|
|
|
|
|
|
|
|
4.950%, 01/05/2036 |
|
|
5,536 |
|
|
|
5,078 |
|
4.125%, 07/05/2034 |
|
EUR |
210 |
|
|
|
211 |
|
3.860%, 06/21/2047 |
|
$ |
550 |
|
|
|
401 |
|
3.500%, 01/31/2034 |
|
|
1,949 |
|
|
|
1,609 |
|
3.250%, 09/21/2071 |
|
|
379 |
|
|
|
214 |
|
3.100%, 05/07/2041 |
|
|
976 |
|
|
|
662 |
|
3.100%, 01/22/2061 |
|
|
2,493 |
|
|
|
1,425 |
|
2.750%, 01/31/2027 |
|
|
730 |
|
|
|
670 |
|
2.550%, 07/27/2033 |
|
|
1,802 |
|
|
|
1,383 |
|
2.450%, 01/31/2031 (E) |
|
|
327 |
|
|
|
269 |
|
Corp Nacional del Cobre de Chile |
|
|
|
|
|
|
|
|
5.950%, 01/08/2034 (A) |
|
|
1,964 |
|
|
|
1,901 |
|
Empresa de los Ferrocarriles del Estado |
|
|
|
|
|
|
|
|
3.830%, 09/14/2061 |
|
|
350 |
|
|
|
218 |
|
3.068%, 08/18/2050 |
|
|
250 |
|
|
|
143 |
|
Empresa Nacional del Petroleo |
|
|
|
|
|
|
|
|
6.150%, 05/10/2033 (A) |
|
|
200 |
|
|
|
192 |
|
5.250%, 11/06/2029 |
|
|
749 |
|
|
|
700 |
|
4.500%, 09/14/2047 |
|
|
200 |
|
|
|
141 |
|
3.450%, 09/16/2031 (A) |
|
|
331 |
|
|
|
264 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Nacional del Cobre de Chile (A) |
|
|
|
|
|
|
|
|
5.125%, 02/02/2033 |
|
$ |
282 |
|
|
$ |
259 |
|
3.750%, 01/15/2031 |
|
|
234 |
|
|
|
201 |
|
3.700%, 01/30/2050 (E) |
|
|
452 |
|
|
|
293 |
|
|
|
|
|
|
|
|
25,218 |
|
|
|
|
|
|
|
|
|
|
China — 3.0% |
|
|
|
|
Blossom Joy |
|
|
|
|
|
|
|
|
3.100% (D)(F) |
|
|
202 |
|
|
|
190 |
|
China Government Bond |
|
|
|
|
|
|
|
|
3.810%, 09/14/2050 |
|
CNY |
5,200 |
|
|
|
805 |
|
3.720%, 04/12/2051 |
|
|
3,000 |
|
|
|
459 |
|
3.530%, 10/18/2051 |
|
|
7,980 |
|
|
|
1,182 |
|
3.280%, 12/03/2027 |
|
|
21,300 |
|
|
|
3,018 |
|
3.270%, 11/19/2030 |
|
|
3,100 |
|
|
|
442 |
|
3.190%, 04/15/2053 |
|
|
4,700 |
|
|
|
667 |
|
3.120%, 10/25/2052 |
|
|
10,690 |
|
|
|
1,481 |
|
3.020%, 05/27/2031 |
|
|
1,500 |
|
|
|
210 |
|
2.880%, 02/25/2033 |
|
|
42,230 |
|
|
|
5,849 |
|
2.800%, 03/24/2029 |
|
|
3,500 |
|
|
|
483 |
|
2.800%, 03/25/2030 |
|
|
21,690 |
|
|
|
2,986 |
|
2.790%, 12/15/2029 |
|
|
3,600 |
|
|
|
495 |
|
2.750%, 06/15/2029 |
|
|
3,000 |
|
|
|
412 |
|
2.750%, 02/17/2032 |
|
|
3,000 |
|
|
|
410 |
|
2.690%, 08/12/2026 |
|
|
4,000 |
|
|
|
552 |
|
2.670%, 05/25/2033 |
|
|
6,400 |
|
|
|
873 |
|
2.640%, 01/15/2028 |
|
|
58,370 |
|
|
|
8,016 |
|
2.620%, 09/25/2029 |
|
|
3,000 |
|
|
|
409 |
|
2.620%, 06/25/2030 |
|
|
7,500 |
|
|
|
1,021 |
|
2.600%, 09/01/2032 |
|
|
3,000 |
|
|
|
406 |
|
China Government International Bond |
|
|
|
|
|
|
|
|
3.250%, 10/19/2023 |
|
$ |
1,192 |
|
|
|
1,191 |
|
1.250%, 10/26/2026 (A) |
|
|
559 |
|
|
|
499 |
|
0.550%, 10/21/2025 |
|
|
626 |
|
|
|
569 |
|
0.400%, 10/21/2023 |
|
|
2,010 |
|
|
|
2,005 |
|
Chinalco Capital Holdings |
|
|
|
|
|
|
|
|
4.100% (D)(F) |
|
|
224 |
|
|
|
219 |
|
2.125%, 06/03/2026 |
|
|
173 |
|
|
|
157 |
|
Dianjian Haiyu |
|
|
|
|
|
|
|
|
4.300% (D)(F) |
|
|
204 |
|
|
|
201 |
|
Meituan |
|
|
|
|
|
|
|
|
3.050%, 10/28/2030 |
|
|
204 |
|
|
|
158 |
|
Powerchina Roadbridge Group British Virgin Islands |
|
|
|
|
|
|
|
|
3.080% (D)(F) |
|
|
285 |
|
|
|
265 |
|
Shimao Group Holdings |
|
|
|
|
|
|
|
|
5.600%, 07/15/2026 (G) |
|
|
1,949 |
|
|
|
59 |
|
5.200%, 01/30/2025 (G) |
|
|
1,406 |
|
|
|
54 |
|
Tencent Holdings Ltd MTN |
|
|
|
|
|
|
|
|
3.240%, 06/03/2050 (A) |
|
|
450 |
|
|
|
259 |
|
|
|
|
|
|
|
|
36,002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Colombia — 5.6% |
|
|
|
|
AI Candelaria Spain (A) |
|
|
|
|
|
|
|
|
7.500%, 12/15/2028 |
|
$ |
333 |
|
|
$ |
303 |
|
5.750%, 06/15/2033 |
|
|
780 |
|
|
|
552 |
|
Colombia Government International Bond |
|
|
|
|
|
|
|
|
9.850%, 06/28/2027 |
|
COP |
5,060,000 |
|
|
|
1,169 |
|
8.000%, 04/20/2033 |
|
$ |
5,257 |
|
|
|
5,191 |
|
7.500%, 02/02/2034 |
|
|
2,898 |
|
|
|
2,736 |
|
6.125%, 01/18/2041 |
|
|
3,587 |
|
|
|
2,803 |
|
5.625%, 02/26/2044 |
|
|
132 |
|
|
|
94 |
|
5.200%, 05/15/2049 |
|
|
2,642 |
|
|
|
1,731 |
|
5.000%, 06/15/2045 |
|
|
1,173 |
|
|
|
768 |
|
4.500%, 03/15/2029 |
|
|
863 |
|
|
|
749 |
|
4.125%, 02/22/2042 |
|
|
1,266 |
|
|
|
764 |
|
4.125%, 05/15/2051 |
|
|
1,789 |
|
|
|
995 |
|
3.875%, 02/15/2061 |
|
|
1,035 |
|
|
|
535 |
|
3.000%, 01/30/2030 |
|
|
1,571 |
|
|
|
1,204 |
|
Colombian TES |
|
|
|
|
|
|
|
|
13.250%, 02/09/2033 |
|
COP |
16,307,500 |
|
|
|
4,354 |
|
10.000%, 07/24/2024 |
|
|
4,883,600 |
|
|
|
1,218 |
|
9.250%, 05/28/2042 |
|
|
13,135,000 |
|
|
|
2,580 |
|
7.750%, 09/18/2030 |
|
|
3,596,100 |
|
|
|
742 |
|
7.500%, 08/26/2026 |
|
|
21,350,800 |
|
|
|
4,854 |
|
7.250%, 10/18/2034 |
|
|
31,459,900 |
|
|
|
5,653 |
|
7.250%, 10/26/2050 |
|
|
4,553,000 |
|
|
|
705 |
|
7.000%, 03/26/2031 |
|
|
14,994,400 |
|
|
|
2,903 |
|
7.000%, 03/26/2031 |
|
|
1,211,900 |
|
|
|
235 |
|
7.000%, 06/30/2032 |
|
|
34,959,700 |
|
|
|
6,512 |
|
6.250%, 11/26/2025 |
|
|
4,047,300 |
|
|
|
921 |
|
6.250%, 07/09/2036 |
|
|
4,494,700 |
|
|
|
713 |
|
6.000%, 04/28/2028 |
|
|
34,259,100 |
|
|
|
6,984 |
|
5.750%, 11/03/2027 |
|
|
20,037,100 |
|
|
|
4,121 |
|
Ecopetrol |
|
|
|
|
|
|
|
|
8.875%, 01/13/2033 |
|
$ |
357 |
|
|
|
349 |
|
6.875%, 04/29/2030 |
|
|
492 |
|
|
|
449 |
|
5.875%, 11/02/2051 |
|
|
346 |
|
|
|
220 |
|
Ecopetrol SA |
|
|
|
|
|
|
|
|
8.625%, 01/19/2029 |
|
|
651 |
|
|
|
653 |
|
Empresas Publicas de Medellin ESP (A) |
|
|
|
|
|
|
|
|
8.375%, 11/08/2027 |
|
COP |
2,351,000 |
|
|
|
465 |
|
7.625%, 09/10/2024 |
|
|
3,116,000 |
|
|
|
728 |
|
Financiera de Desarrollo Territorial Findeter |
|
|
|
|
|
|
|
|
7.875%, 08/12/2024 (A) |
|
|
1,127,000 |
|
|
|
265 |
|
7.875%, 08/12/2024 |
|
|
884,000 |
|
|
|
208 |
|
Geopark |
|
|
|
|
|
|
|
|
5.500%, 01/17/2027 (A) |
|
$ |
261 |
|
|
|
224 |
|
Gran Tierra Energy |
|
|
|
|
|
|
|
|
7.750%, 05/23/2027 (A)(E) |
|
|
543 |
|
|
|
466 |
|
Grupo Aval |
|
|
|
|
|
|
|
|
4.375%, 02/04/2030 (A) |
|
|
812 |
|
|
|
618 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
SierraCol Energy Andina |
|
|
|
|
|
|
|
|
6.000%, 06/15/2028 (A) |
|
$ |
578 |
|
|
$ |
459 |
|
|
|
|
|
|
|
|
67,193 |
|
|
|
|
|
|
|
|
|
|
Costa Rica — 0.4% |
|
|
|
|
Costa Rica Government International Bond |
|
|
|
|
|
|
|
|
7.000%, 04/04/2044 |
|
|
230 |
|
|
|
218 |
|
7.000%, 04/04/2044 |
|
|
58 |
|
|
|
55 |
|
6.550%, 04/03/2034 (A) |
|
|
1,185 |
|
|
|
1,152 |
|
6.550%, 04/03/2034 |
|
|
2,885 |
|
|
|
2,803 |
|
|
|
|
|
|
|
|
4,228 |
|
|
|
|
|
|
|
|
|
|
Czech Republic — 2.2% |
|
|
|
|
Czech Republic Government Bond |
|
|
|
|
|
|
|
|
6.200%, 06/16/2031 |
|
CZK |
12,770 |
|
|
|
606 |
|
6.000%, 02/26/2026 |
|
|
72,840 |
|
|
|
3,250 |
|
5.500%, 12/12/2028 |
|
|
39,470 |
|
|
|
1,778 |
|
5.000%, 09/30/2030 |
|
|
19,660 |
|
|
|
866 |
|
4.900%, 04/14/2034 |
|
|
6,780 |
|
|
|
297 |
|
4.200%, 12/04/2036 |
|
|
7,740 |
|
|
|
317 |
|
3.500%, 05/30/2035 |
|
|
18,690 |
|
|
|
720 |
|
2.750%, 07/23/2029 |
|
|
55,670 |
|
|
|
2,173 |
|
2.500%, 08/25/2028 |
|
|
131,680 |
|
|
|
5,164 |
|
2.000%, 10/13/2033 |
|
|
116,520 |
|
|
|
3,970 |
|
1.950%, 07/30/2037 |
|
|
5,510 |
|
|
|
171 |
|
1.750%, 06/23/2032 |
|
|
18,680 |
|
|
|
642 |
|
1.500%, 04/24/2040 |
|
|
6,150 |
|
|
|
166 |
|
1.200%, 03/13/2031 |
|
|
44,790 |
|
|
|
1,518 |
|
1.000%, 06/26/2026 |
|
|
46,200 |
|
|
|
1,809 |
|
0.950%, 05/15/2030 |
|
|
5,750 |
|
|
|
197 |
|
0.250%, 02/10/2027 |
|
|
44,470 |
|
|
|
1,661 |
|
0.050%, 11/29/2029 |
|
|
18,530 |
|
|
|
607 |
|
|
|
|
|
|
|
|
25,912 |
|
|
|
|
|
|
|
|
|
|
Dominican Republic — 1.8% |
|
|
|
|
Dominican Republic Central Bank Notes |
|
|
|
|
|
|
|
|
13.000%, 12/05/2025 (A) |
|
DOP |
276,320 |
|
|
|
5,038 |
|
Dominican Republic International Bond |
|
|
|
|
|
|
|
|
11.250%, 09/15/2035 (A) |
|
|
30,550 |
|
|
|
553 |
|
9.750%, 06/05/2026 |
|
|
19,150 |
|
|
|
339 |
|
7.450%, 04/30/2044 (A) |
|
$ |
687 |
|
|
|
626 |
|
7.450%, 04/30/2044 |
|
|
2,443 |
|
|
|
2,226 |
|
7.050%, 02/03/2031 |
|
|
4,702 |
|
|
|
4,539 |
|
6.850%, 01/27/2045 |
|
|
1,729 |
|
|
|
1,468 |
|
6.500%, 02/15/2048 |
|
|
2,764 |
|
|
|
2,230 |
|
6.400%, 06/05/2049 |
|
|
651 |
|
|
|
515 |
|
6.000%, 02/22/2033 |
|
|
1,579 |
|
|
|
1,392 |
|
5.875%, 04/18/2024 (A) |
|
|
24 |
|
|
|
23 |
|
5.875%, 01/30/2060 |
|
|
3,598 |
|
|
|
2,570 |
|
5.500%, 02/22/2029 |
|
|
240 |
|
|
|
219 |
|
4.875%, 09/23/2032 |
|
|
135 |
|
|
|
109 |
|
|
|
|
|
|
|
|
21,847 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Ecuador — 0.8% |
|
|
|
|
Ecuador Government International Bond |
|
|
|
|
|
|
|
|
9.365%, 07/31/2030 (C) |
|
$ |
50 |
|
|
$ |
15 |
|
6.000%, 07/31/2030 (A)(B) |
|
|
2,028 |
|
|
|
1,031 |
|
6.000%, 07/31/2030 (B) |
|
|
6,159 |
|
|
|
3,132 |
|
3.500%, 07/31/2035 (A)(B) |
|
|
2,529 |
|
|
|
935 |
|
3.500%, 07/31/2035 (B) |
|
|
9,316 |
|
|
|
3,446 |
|
2.500%, 07/31/2040 (A)(B) |
|
|
1,165 |
|
|
|
380 |
|
2.500%, 07/31/2040 (B) |
|
|
121 |
|
|
|
39 |
|
0.000%, 07/31/2030 (A)(C) |
|
|
690 |
|
|
|
204 |
|
|
|
|
|
|
|
|
9,182 |
|
|
|
|
|
|
|
|
|
|
Egypt — 1.2% |
|
|
|
|
Egypt Government Bond |
|
|
|
|
|
|
|
|
14.664%, 10/06/2030 |
|
EGP |
4,750 |
|
|
|
100 |
|
Egypt Government International Bond |
|
|
|
|
|
|
|
|
8.875%, 05/29/2050 |
|
$ |
2,395 |
|
|
|
1,293 |
|
8.875%, 05/29/2050 (A) |
|
|
492 |
|
|
|
266 |
|
8.700%, 03/01/2049 (A) |
|
|
389 |
|
|
|
207 |
|
8.500%, 01/31/2047 |
|
|
2,691 |
|
|
|
1,430 |
|
7.903%, 02/21/2048 (A) |
|
|
428 |
|
|
|
218 |
|
7.625%, 05/29/2032 |
|
|
4,925 |
|
|
|
2,832 |
|
5.800%, 09/30/2027 |
|
|
685 |
|
|
|
449 |
|
Egypt Government International Bond MTN |
|
|
|
|
|
|
|
|
7.500%, 02/16/2061 (A) |
|
|
261 |
|
|
|
131 |
|
7.300%, 09/30/2033 |
|
|
917 |
|
|
|
509 |
|
6.375%, 04/11/2031 |
|
EUR |
2,720 |
|
|
|
1,604 |
|
6.375%, 04/11/2031 (A) |
|
|
2,134 |
|
|
|
1,258 |
|
5.800%, 09/30/2027 (A) |
|
$ |
1,545 |
|
|
|
1,014 |
|
5.625%, 04/16/2030 |
|
EUR |
614 |
|
|
|
359 |
|
4.750%, 04/11/2025 (A) |
|
|
981 |
|
|
|
835 |
|
4.750%, 04/11/2025 |
|
|
457 |
|
|
|
389 |
|
4.750%, 04/16/2026 |
|
|
842 |
|
|
|
621 |
|
4.750%, 04/16/2026 (A) |
|
|
524 |
|
|
|
387 |
|
3.875%, 02/16/2026 (A) |
|
$ |
318 |
|
|
|
225 |
|
Government of Egypt |
|
|
|
|
|
|
|
|
5.875%, 06/11/2025 (A) |
|
|
326 |
|
|
|
265 |
|
|
|
|
|
|
|
|
14,392 |
|
|
|
|
|
|
|
|
|
|
El Salvador — 0.6% |
|
|
|
|
El Salvador Government International Bond |
|
|
|
|
|
|
|
|
9.500%, 07/15/2052 |
|
|
6,424 |
|
|
|
4,899 |
|
8.625%, 02/28/2029 (E) |
|
|
727 |
|
|
|
593 |
|
8.250%, 04/10/2032 |
|
|
627 |
|
|
|
496 |
|
7.650%, 06/15/2035 |
|
|
677 |
|
|
|
477 |
|
7.125%, 01/20/2050 |
|
|
164 |
|
|
|
106 |
|
6.375%, 01/18/2027 (A) |
|
|
412 |
|
|
|
335 |
|
|
|
|
|
|
|
|
6,906 |
|
|
|
|
|
|
|
|
|
|
Ethiopia — 0.2% |
|
|
|
|
Ethiopia International Bond |
|
|
|
|
|
|
|
|
6.625%, 12/11/2024 (A) |
|
|
2,451 |
|
|
|
1,576 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
6.625%, 12/11/2024 |
|
$ |
400 |
|
|
$ |
257 |
|
|
|
|
|
|
|
|
1,833 |
|
|
|
|
|
|
|
|
|
|
Gabon — 0.1% |
|
|
|
|
Gabon Government International Bond (A) |
|
|
|
|
|
|
|
|
7.000%, 11/24/2031 |
|
|
900 |
|
|
|
667 |
|
6.950%, 06/16/2025 |
|
|
608 |
|
|
|
541 |
|
6.375%, 12/12/2024 |
|
|
321 |
|
|
|
292 |
|
|
|
|
|
|
|
|
1,500 |
|
|
|
|
|
|
|
|
|
|
Georgia — 0.0% |
|
|
|
|
Georgian Railway JSC |
|
|
|
|
|
|
|
|
4.000%, 06/17/2028 (A) |
|
|
481 |
|
|
|
416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ghana — 1.0% |
|
|
|
|
Ghana Government International Bond |
|
|
|
|
|
|
|
|
10.750%, 10/14/2030 (A) |
|
|
1,055 |
|
|
|
706 |
|
10.750%, 10/14/2030 |
|
|
5,024 |
|
|
|
3,361 |
|
8.950%, 03/26/2051 (G) |
|
|
2,095 |
|
|
|
887 |
|
8.875%, 05/07/2042 (G) |
|
|
1,491 |
|
|
|
628 |
|
8.750%, 03/11/2061 (G) |
|
|
693 |
|
|
|
293 |
|
8.627%, 06/16/2049 (G) |
|
|
789 |
|
|
|
333 |
|
8.625%, 04/07/2034 (G) |
|
|
3,277 |
|
|
|
1,441 |
|
8.125%, 03/26/2032 (G) |
|
|
515 |
|
|
|
226 |
|
7.875%, 02/11/2035 (G) |
|
|
1,101 |
|
|
|
488 |
|
7.750%, 04/07/2029 (G) |
|
|
450 |
|
|
|
198 |
|
7.625%, 05/16/2029 (G) |
|
|
1,289 |
|
|
|
569 |
|
6.375%, 02/11/2027 |
|
|
281 |
|
|
|
124 |
|
Republic of Ghana Government Bonds |
|
|
|
|
|
|
|
|
19.250%, 12/18/2023 |
|
GHS |
4,011 |
|
|
|
332 |
|
10.000%, 02/02/2038 |
|
|
505 |
|
|
|
13 |
|
9.850%, 02/03/2037 |
|
|
502 |
|
|
|
13 |
|
9.700%, 02/05/2036 |
|
|
502 |
|
|
|
13 |
|
9.550%, 02/06/2035 |
|
|
502 |
|
|
|
13 |
|
9.400%, 02/07/2034 |
|
|
502 |
|
|
|
14 |
|
9.250%, 02/08/2033 |
|
|
1,267 |
|
|
|
35 |
|
9.100%, 02/10/2032 |
|
|
1,267 |
|
|
|
37 |
|
8.950%, 02/11/2031 |
|
|
1,268 |
|
|
|
39 |
|
8.800%, 02/12/2030 |
|
|
1,014 |
|
|
|
33 |
|
8.650%, 02/13/2029 |
|
|
656 |
|
|
|
24 |
|
8.500%, 02/15/2028 |
|
|
2,783 |
|
|
|
117 |
|
8.350%, 02/16/2027 |
|
|
6,621 |
|
|
|
322 |
|
Tullow Oil (A) |
|
|
|
|
|
|
|
|
10.250%, 05/15/2026 |
|
$ |
330 |
|
|
|
287 |
|
7.000%, 03/01/2025 (E) |
|
|
1,241 |
|
|
|
958 |
|
|
|
|
|
|
|
|
11,504 |
|
|
|
|
|
|
|
|
|
|
Guatemala — 1.0% |
|
|
|
|
CT Trust |
|
|
|
|
|
|
|
|
5.125%, 02/03/2032 (A) |
|
|
762 |
|
|
|
595 |
|
Guatemala Government Bond |
|
|
|
|
|
|
|
|
7.050%, 10/04/2032 (A) |
|
|
865 |
|
|
|
868 |
|
7.050%, 10/04/2032 |
|
|
533 |
|
|
|
535 |
|
6.600%, 06/13/2036 (E) |
|
|
2,191 |
|
|
|
2,101 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
6.600%, 06/13/2036 (A) |
|
$ |
4,237 |
|
|
$ |
4,062 |
|
6.125%, 06/01/2050 |
|
|
2,015 |
|
|
|
1,732 |
|
4.900%, 06/01/2030 |
|
|
496 |
|
|
|
450 |
|
4.500%, 05/03/2026 |
|
|
185 |
|
|
|
175 |
|
3.700%, 10/07/2033 (A)(E) |
|
|
1,008 |
|
|
|
772 |
|
3.700%, 10/07/2033 |
|
|
700 |
|
|
|
536 |
|
Millicom International Cellular |
|
|
|
|
|
|
|
|
4.500%, 04/27/2031 (A) |
|
|
507 |
|
|
|
362 |
|
|
|
|
|
|
|
|
12,188 |
|
|
|
|
|
|
|
|
|
|
Honduras — 0.1% |
|
|
|
|
Honduras Government International Bond |
|
|
|
|
|
|
|
|
6.250%, 01/19/2027 |
|
|
326 |
|
|
|
306 |
|
5.625%, 06/24/2030 (E) |
|
|
1,281 |
|
|
|
1,090 |
|
|
|
|
|
|
|
|
1,396 |
|
|
|
|
|
|
|
|
|
|
Hong Kong — 0.0% |
|
|
|
|
NWD MTN Ltd |
|
|
|
|
|
|
|
|
4.125%, 07/18/2029 |
|
|
757 |
|
|
|
455 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hungary — 2.8% |
|
|
|
|
Hungary Government Bond |
|
|
|
|
|
|
|
|
9.500%, 10/21/2026 |
|
HUF |
534,110 |
|
|
|
1,502 |
|
6.750%, 10/22/2028 |
|
|
2,782,390 |
|
|
|
7,334 |
|
5.500%, 06/24/2025 |
|
|
313,990 |
|
|
|
816 |
|
4.750%, 11/24/2032 |
|
|
1,583,070 |
|
|
|
3,571 |
|
4.500%, 03/23/2028 |
|
|
1,099,400 |
|
|
|
2,649 |
|
4.500%, 05/27/2032 |
|
|
202,680 |
|
|
|
453 |
|
3.250%, 10/22/2031 |
|
|
294,420 |
|
|
|
612 |
|
3.000%, 10/27/2027 |
|
|
383,810 |
|
|
|
881 |
|
3.000%, 08/21/2030 |
|
|
380,180 |
|
|
|
800 |
|
3.000%, 10/27/2038 |
|
|
729,400 |
|
|
|
1,213 |
|
3.000%, 04/25/2041 |
|
|
349,900 |
|
|
|
546 |
|
2.250%, 04/20/2033 |
|
|
652,560 |
|
|
|
1,193 |
|
2.000%, 05/23/2029 |
|
|
875,310 |
|
|
|
1,817 |
|
Hungary Government International Bond |
|
|
|
|
|
|
|
|
6.750%, 09/25/2052 (A) |
|
$ |
2,579 |
|
|
|
2,445 |
|
6.750%, 09/25/2052 |
|
|
201 |
|
|
|
190 |
|
6.125%, 05/22/2028 (A) |
|
|
1,640 |
|
|
|
1,634 |
|
6.125%, 05/22/2028 |
|
|
2,297 |
|
|
|
2,288 |
|
3.125%, 09/21/2051 |
|
|
2,328 |
|
|
|
1,283 |
|
3.125%, 09/21/2051 (A)(E) |
|
|
299 |
|
|
|
165 |
|
2.125%, 09/22/2031 (A) |
|
|
1,475 |
|
|
|
1,086 |
|
1.750%, 06/05/2035 |
|
EUR |
926 |
|
|
|
659 |
|
1.500%, 11/17/2050 |
|
|
552 |
|
|
|
285 |
|
Magyar Export-Import Bank Zrt |
|
|
|
|
|
|
|
|
6.125%, 12/04/2027 (A) |
|
$ |
231 |
|
|
|
227 |
|
|
|
|
|
|
|
|
33,649 |
|
|
|
|
|
|
|
|
|
|
India — 0.5% |
|
|
|
|
Adani Electricity Mumbai |
|
|
|
|
|
|
|
|
3.949%, 02/12/2030 |
|
|
810 |
|
|
|
594 |
|
3.949%, 02/12/2030 (A) |
|
|
540 |
|
|
|
396 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Export-Import Bank of India |
|
|
|
|
|
|
|
|
5.500%, 01/18/2033 |
|
$ |
1,754 |
|
|
$ |
1,681 |
|
Export-Import Bank of India MTN |
|
|
|
|
|
|
|
|
3.250%, 01/15/2030 |
|
|
860 |
|
|
|
733 |
|
2.250%, 01/13/2031 |
|
|
415 |
|
|
|
322 |
|
Greenko Power II |
|
|
|
|
|
|
|
|
4.300%, 12/13/2028 |
|
|
464 |
|
|
|
396 |
|
Network i2i |
|
|
|
|
|
|
|
|
5.650%, H15T5Y + 4.277% (A)(D)(F) |
|
|
260 |
|
|
|
253 |
|
Power Finance MTN |
|
|
|
|
|
|
|
|
3.950%, 04/23/2030 (A) |
|
|
569 |
|
|
|
494 |
|
Reliance Industries (A) |
|
|
|
|
|
|
|
|
3.625%, 01/12/2052 |
|
|
671 |
|
|
|
428 |
|
2.875%, 01/12/2032 |
|
|
550 |
|
|
|
439 |
|
Vedanta Resources Finance II |
|
|
|
|
|
|
|
|
8.950%, 03/11/2025 |
|
|
760 |
|
|
|
559 |
|
|
|
|
|
|
|
|
6,295 |
|
|
|
|
|
|
|
|
|
|
Indonesia — 6.5% |
|
|
|
|
Indonesia Asahan Aluminium (A) |
|
|
|
|
|
|
|
|
5.800%, 05/15/2050 |
|
|
1,165 |
|
|
|
944 |
|
5.710%, 11/15/2023 |
|
|
618 |
|
|
|
617 |
|
4.750%, 05/15/2025 |
|
|
240 |
|
|
|
235 |
|
Indonesia Government International Bond |
|
|
|
|
|
|
|
|
8.500%, 10/12/2035 |
|
|
815 |
|
|
|
998 |
|
5.650%, 01/11/2053 |
|
|
3,113 |
|
|
|
2,957 |
|
5.450%, 09/20/2052 |
|
|
800 |
|
|
|
734 |
|
4.850%, 01/11/2033 (E) |
|
|
3,613 |
|
|
|
3,438 |
|
4.750%, 02/11/2029 |
|
|
119 |
|
|
|
114 |
|
4.650%, 09/20/2032 |
|
|
464 |
|
|
|
433 |
|
4.550%, 01/11/2028 |
|
|
2,164 |
|
|
|
2,095 |
|
4.300%, 03/31/2052 |
|
|
311 |
|
|
|
240 |
|
4.150%, 09/20/2027 |
|
|
372 |
|
|
|
355 |
|
2.850%, 02/14/2030 |
|
|
1,261 |
|
|
|
1,072 |
|
1.400%, 10/30/2031 |
|
EUR |
841 |
|
|
|
694 |
|
1.300%, 03/23/2034 |
|
|
743 |
|
|
|
560 |
|
1.100%, 03/12/2033 |
|
|
690 |
|
|
|
525 |
|
Indonesia Government International Bond MTN |
|
|
|
|
|
|
|
|
3.750%, 06/14/2028 |
|
|
1,057 |
|
|
|
1,094 |
|
Indonesia Treasury Bond |
|
|
|
|
|
|
|
|
9.000%, 03/15/2029 |
|
IDR |
36,550,000 |
|
|
|
2,622 |
|
8.750%, 05/15/2031 |
|
|
32,485,000 |
|
|
|
2,354 |
|
8.375%, 03/15/2034 |
|
|
63,445,000 |
|
|
|
4,571 |
|
8.375%, 04/15/2039 |
|
|
44,180,000 |
|
|
|
3,248 |
|
8.250%, 05/15/2029 |
|
|
34,062,000 |
|
|
|
2,369 |
|
8.250%, 06/15/2032 |
|
|
11,041,000 |
|
|
|
780 |
|
8.250%, 05/15/2036 |
|
|
66,559,000 |
|
|
|
4,789 |
|
8.125%, 05/15/2024 |
|
|
37,060,000 |
|
|
|
2,423 |
|
7.500%, 08/15/2032 |
|
|
26,770,000 |
|
|
|
1,803 |
|
7.500%, 06/15/2035 |
|
|
17,596,000 |
|
|
|
1,193 |
|
7.500%, 05/15/2038 |
|
|
24,494,000 |
|
|
|
1,660 |
|
7.500%, 04/15/2040 |
|
|
29,005,000 |
|
|
|
1,958 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
7.125%, 06/15/2038 |
|
IDR |
45,232,000 |
|
|
$ |
2,951 |
|
7.125%, 06/15/2042 |
|
|
16,750,000 |
|
|
|
1,098 |
|
7.125%, 06/15/2043 |
|
|
58,350,000 |
|
|
|
3,804 |
|
7.000%, 05/15/2027 |
|
|
28,700,000 |
|
|
|
1,881 |
|
7.000%, 09/15/2030 |
|
|
18,766,000 |
|
|
|
1,228 |
|
7.000%, 02/15/2033 |
|
|
47,066,000 |
|
|
|
3,064 |
|
6.875%, 08/15/2051 |
|
|
34,420,000 |
|
|
|
2,196 |
|
6.500%, 06/15/2025 |
|
|
5,895,000 |
|
|
|
383 |
|
6.500%, 02/15/2031 |
|
|
23,127,000 |
|
|
|
1,467 |
|
6.375%, 08/15/2028 |
|
|
20,708,000 |
|
|
|
1,330 |
|
6.375%, 04/15/2032 |
|
|
58,545,000 |
|
|
|
3,692 |
|
6.375%, 07/15/2037 |
|
|
1,500,000 |
|
|
|
93 |
|
5.125%, 04/15/2027 |
|
|
19,322,000 |
|
|
|
1,200 |
|
Medco Bell Pte |
|
|
|
|
|
|
|
|
6.375%, 01/30/2027 (A) |
|
$ |
466 |
|
|
|
438 |
|
Minejesa Capital BV (A) |
|
|
|
|
|
|
|
|
5.625%, 08/10/2037 |
|
|
995 |
|
|
|
759 |
|
4.625%, 08/10/2030 |
|
|
386 |
|
|
|
343 |
|
Pertamina Persero MTN |
|
|
|
|
|
|
|
|
3.650%, 07/30/2029 (A) |
|
|
1,035 |
|
|
|
925 |
|
Perusahaan Listrik Negara |
|
|
|
|
|
|
|
|
1.875%, 11/05/2031 (A) |
|
EUR |
891 |
|
|
|
724 |
|
Perusahaan Listrik Negara MTN |
|
|
|
|
|
|
|
|
6.150%, 05/21/2048 |
|
$ |
740 |
|
|
|
655 |
|
6.150%, 05/21/2048 (A) |
|
|
657 |
|
|
|
582 |
|
4.375%, 02/05/2050 (A) |
|
|
265 |
|
|
|
180 |
|
Perusahaan Penerbit SBSN Indonesia III |
|
|
|
|
|
|
|
|
4.700%, 06/06/2032 |
|
|
355 |
|
|
|
335 |
|
Perusahaan Perseroan Persero Perusahaan Listrik Negara |
|
|
|
|
|
|
|
|
4.875%, 07/17/2049 (E) |
|
|
311 |
|
|
|
231 |
|
1.875%, 11/05/2031 |
|
EUR |
250 |
|
|
|
203 |
|
Perusahaan Perseroan Persero Perusahaan Listrik Negara MTN |
|
|
|
|
|
|
|
|
5.250%, 05/15/2047 |
|
$ |
480 |
|
|
|
386 |
|
3.375%, 02/05/2030 |
|
|
750 |
|
|
|
635 |
|
3.000%, 06/30/2030 |
|
|
565 |
|
|
|
463 |
|
|
|
|
|
|
|
|
78,121 |
|
|
|
|
|
|
|
|
|
|
Iraq — 0.1% |
|
|
|
|
Iraq International Bond |
|
|
|
|
|
|
|
|
5.800%, 01/15/2028 |
|
|
1,083 |
|
|
|
1,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Israel — 0.1% |
|
|
|
|
Bank Leumi Le-Israel |
|
|
|
|
|
|
|
|
3.275%, H15T5Y + 1.631%, 01/29/2031 (A)(D) |
|
|
431 |
|
|
|
385 |
|
Israel Government International Bond |
|
|
|
|
|
|
|
|
4.500%, 01/17/2033 |
|
|
559 |
|
|
|
520 |
|
4.500%, 04/03/2120 |
|
|
759 |
|
|
|
544 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Leviathan Bond |
|
|
|
|
|
|
|
|
6.750%, 06/30/2030 (A) |
|
$ |
394 |
|
|
$ |
362 |
|
|
|
|
|
|
|
|
1,811 |
|
|
|
|
|
|
|
|
|
|
Ivory Coast — 0.6% |
|
|
|
|
Ivory Coast Government International Bond |
|
|
|
|
|
|
|
|
6.875%, 10/17/2040 |
|
EUR |
1,619 |
|
|
|
1,267 |
|
6.625%, 03/22/2048 |
|
|
2,979 |
|
|
|
2,164 |
|
6.625%, 03/22/2048 |
|
|
627 |
|
|
|
455 |
|
6.125%, 06/15/2033 |
|
$ |
628 |
|
|
|
520 |
|
5.875%, 10/17/2031 (A) |
|
EUR |
205 |
|
|
|
179 |
|
5.750%, 12/31/2032 (B) |
|
$ |
600 |
|
|
|
534 |
|
5.250%, 03/22/2030 |
|
EUR |
1,783 |
|
|
|
1,578 |
|
4.875%, 01/30/2032 |
|
|
747 |
|
|
|
601 |
|
|
|
|
|
|
|
|
7,298 |
|
|
|
|
|
|
|
|
|
|
Jordan — 0.3% |
|
|
|
|
Jordan Government International Bond |
|
|
|
|
|
|
|
|
7.500%, 01/13/2029 (A) |
|
$ |
2,291 |
|
|
|
2,234 |
|
7.375%, 10/10/2047 |
|
|
667 |
|
|
|
549 |
|
7.375%, 10/10/2047 (A) |
|
|
228 |
|
|
|
188 |
|
4.950%, 07/07/2025 |
|
|
270 |
|
|
|
261 |
|
|
|
|
|
|
|
|
3,232 |
|
|
|
|
|
|
|
|
|
|
Kazakhstan — 0.9% |
|
|
|
|
Kazakhstan Government International Bond |
|
|
|
|
|
|
|
|
4.875%, 10/14/2044 (E) |
|
|
1,517 |
|
|
|
1,298 |
|
4.875%, 10/14/2044 (A) |
|
|
1,020 |
|
|
|
873 |
|
Kazakhstan Government International Bond MTN |
|
|
|
|
|
|
|
|
6.500%, 07/21/2045 (A) |
|
|
631 |
|
|
|
640 |
|
2.375%, 11/09/2028 (A) |
|
EUR |
475 |
|
|
|
450 |
|
1.500%, 09/30/2034 |
|
|
1,409 |
|
|
|
1,061 |
|
KazMunayGas National JSC |
|
|
|
|
|
|
|
|
6.375%, 10/24/2048 (A)(E) |
|
$ |
1,974 |
|
|
|
1,606 |
|
6.375%, 10/24/2048 |
|
|
200 |
|
|
|
163 |
|
5.750%, 04/19/2047 (A) |
|
|
2,610 |
|
|
|
2,028 |
|
5.750%, 04/19/2047 |
|
|
63 |
|
|
|
49 |
|
5.375%, 04/24/2030 (A) |
|
|
734 |
|
|
|
666 |
|
3.500%, 04/14/2033 |
|
|
615 |
|
|
|
459 |
|
3.500%, 04/14/2033 (A) |
|
|
559 |
|
|
|
417 |
|
KazMunayGas National JSC MTN |
|
|
|
|
|
|
|
|
5.375%, 04/24/2030 |
|
|
600 |
|
|
|
545 |
|
QazaqGaz NC JSC |
|
|
|
|
|
|
|
|
4.375%, 09/26/2027 |
|
|
597 |
|
|
|
549 |
|
4.375%, 09/26/2027 (A) |
|
|
165 |
|
|
|
152 |
|
Tengizchevroil Finance International |
|
|
|
|
|
|
|
|
3.250%, 08/15/2030 (A) |
|
|
450 |
|
|
|
341 |
|
|
|
|
|
|
|
|
11,297 |
|
|
|
|
|
|
|
|
|
|
Kenya — 0.4% |
|
|
|
|
Kenya Government International Bond |
|
|
|
|
|
|
|
|
8.250%, 02/28/2048 |
|
|
1,318 |
|
|
|
895 |
|
7.000%, 05/22/2027 |
|
|
2,114 |
|
|
|
1,786 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
7.000%, 05/22/2027 (A) |
|
$ |
545 |
|
|
$ |
461 |
|
6.875%, 06/24/2024 (A) |
|
|
1,248 |
|
|
|
1,152 |
|
Republic of Kenya Government International Bond |
|
|
|
|
|
|
|
|
6.300%, 01/23/2034 |
|
|
390 |
|
|
|
259 |
|
|
|
|
|
|
|
|
4,553 |
|
|
|
|
|
|
|
|
|
|
Kuwait — 0.1% |
|
|
|
|
Meglobal Canada ULC MTN |
|
|
|
|
|
|
|
|
5.875%, 05/18/2030 (A) |
|
|
222 |
|
|
|
220 |
|
NBK SPC |
|
|
|
|
|
|
|
|
1.625%, SOFRRATE + 1.050%, 09/15/2027 (A)(D) |
|
|
392 |
|
|
|
347 |
|
NBK Tier 1 Financing 2 |
|
|
|
|
|
|
|
|
4.500%, CMTUSD6Y + 2.832% (A)(D)(F) |
|
|
513 |
|
|
|
471 |
|
|
|
|
|
|
|
|
1,038 |
|
|
|
|
|
|
|
|
|
|
Lebanon — 0.3% |
|
|
|
|
Lebanon Government International Bond |
|
|
|
|
|
|
|
|
8.250%, 05/17/2034 (G) |
|
|
7,412 |
|
|
|
590 |
|
Lebanon Government International Bond MTN |
|
|
|
|
|
|
|
|
8.250%, 12/31/2023 (G) |
|
|
7,278 |
|
|
|
583 |
|
7.000%, 03/20/2028 (G) |
|
|
2,048 |
|
|
|
162 |
|
6.850%, 05/25/2029 (G) |
|
|
387 |
|
|
|
31 |
|
6.650%, 11/03/2028 (G) |
|
|
2,667 |
|
|
|
211 |
|
6.650%, 02/26/2030 (G) |
|
|
1,870 |
|
|
|
149 |
|
6.600%, 11/27/2026 (G) |
|
|
1,613 |
|
|
|
127 |
|
6.400%, 05/26/2023 (G) |
|
|
2,649 |
|
|
|
212 |
|
6.375%, 12/31/2023 (G) |
|
|
4,989 |
|
|
|
399 |
|
6.150%, 12/31/2023 (G) |
|
|
2,616 |
|
|
|
208 |
|
6.100%, 10/04/2022 (G) |
|
|
6,316 |
|
|
|
500 |
|
6.100%, 10/04/2022 (G) |
|
|
569 |
|
|
|
45 |
|
5.800%, 04/14/2023 (G) |
|
|
2,787 |
|
|
|
222 |
|
|
|
|
|
|
|
|
3,439 |
|
|
|
|
|
|
|
|
|
|
Macau — 0.0% |
|
|
|
|
Studio City Finance (A) |
|
|
|
|
|
|
|
|
6.500%, 01/15/2028 |
|
|
371 |
|
|
|
314 |
|
6.000%, 07/15/2025 |
|
|
87 |
|
|
|
83 |
|
|
|
|
|
|
|
|
397 |
|
|
|
|
|
|
|
|
|
|
Malaysia — 5.6% |
|
|
|
|
Khazanah Capital MTN |
|
|
|
|
|
|
|
|
4.876%, 06/01/2033 |
|
|
1,891 |
|
|
|
1,784 |
|
Khazanah Global Sukuk MTN |
|
|
|
|
|
|
|
|
4.687%, 06/01/2028 |
|
|
749 |
|
|
|
726 |
|
Malaysia Government Bond |
|
|
|
|
|
|
|
|
5.248%, 09/15/2028 |
|
MYR |
3,617 |
|
|
|
822 |
|
4.935%, 09/30/2043 |
|
|
2,200 |
|
|
|
502 |
|
4.921%, 07/06/2048 |
|
|
370 |
|
|
|
84 |
|
4.893%, 06/08/2038 |
|
|
4,650 |
|
|
|
1,069 |
|
4.762%, 04/07/2037 |
|
|
2,333 |
|
|
|
526 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
4.696%, 10/15/2042 |
|
MYR |
3,099 |
|
|
$ |
693 |
|
4.642%, 11/07/2033 |
|
|
3,000 |
|
|
|
673 |
|
4.504%, 04/30/2029 |
|
|
8,348 |
|
|
|
1,835 |
|
4.498%, 04/15/2030 |
|
|
8,992 |
|
|
|
1,982 |
|
4.392%, 04/15/2026 |
|
|
1,705 |
|
|
|
370 |
|
4.254%, 05/31/2035 |
|
|
15,124 |
|
|
|
3,257 |
|
4.232%, 06/30/2031 |
|
|
1,200 |
|
|
|
260 |
|
4.181%, 07/15/2024 |
|
|
4,186 |
|
|
|
896 |
|
4.065%, 06/15/2050 |
|
|
8,874 |
|
|
|
1,765 |
|
3.955%, 09/15/2025 |
|
|
33,479 |
|
|
|
7,184 |
|
3.906%, 07/15/2026 |
|
|
15,148 |
|
|
|
3,254 |
|
3.900%, 11/30/2026 |
|
|
4,085 |
|
|
|
877 |
|
3.899%, 11/16/2027 |
|
|
8,750 |
|
|
|
1,878 |
|
3.885%, 08/15/2029 |
|
|
28,072 |
|
|
|
5,963 |
|
3.882%, 03/14/2025 |
|
|
8,085 |
|
|
|
1,734 |
|
3.828%, 07/05/2034 |
|
|
33,619 |
|
|
|
6,994 |
|
3.757%, 05/22/2040 |
|
|
18,430 |
|
|
|
3,681 |
|
3.733%, 06/15/2028 |
|
|
27,483 |
|
|
|
5,838 |
|
3.582%, 07/15/2032 |
|
|
12,137 |
|
|
|
2,499 |
|
3.519%, 04/20/2028 |
|
|
1,999 |
|
|
|
422 |
|
3.502%, 05/31/2027 |
|
|
7,229 |
|
|
|
1,527 |
|
2.632%, 04/15/2031 |
|
|
17,944 |
|
|
|
3,486 |
|
Malaysia Government Investment Issue |
|
|
|
|
|
|
|
|
4.369%, 10/31/2028 |
|
|
1,200 |
|
|
|
261 |
|
4.119%, 11/30/2034 |
|
|
1,248 |
|
|
|
266 |
|
4.070%, 09/30/2026 |
|
|
6,500 |
|
|
|
1,400 |
|
Petronas Capital MTN |
|
|
|
|
|
|
|
|
3.500%, 04/21/2030 |
|
$ |
550 |
|
|
|
487 |
|
2.480%, 01/28/2032 |
|
|
2,361 |
|
|
|
1,873 |
|
|
|
|
|
|
|
|
66,868 |
|
|
|
|
|
|
|
|
|
|
Mexico — 8.7% |
|
|
|
|
America Movil |
|
|
|
|
|
|
|
|
7.125%, 12/09/2024 |
|
MXN |
18,110 |
|
|
|
985 |
|
Banco Mercantil del Norte (A)(F) |
|
|
|
|
|
|
|
|
7.500%, H15T10Y + 5.470% (D) |
|
$ |
476 |
|
|
|
424 |
|
6.750%, H15T5Y + 4.967% (D) |
|
|
2,043 |
|
|
|
1,973 |
|
5.875%, H15T5Y + 4.643% (D) |
|
|
417 |
|
|
|
356 |
|
Cemex (F) |
|
|
|
|
|
|
|
|
9.125%, H15T5Y + 5.157% (A)(D) |
|
|
1,231 |
|
|
|
1,282 |
|
9.125%, H15T5Y + 5.157% (D) |
|
|
250 |
|
|
|
260 |
|
5.125%, H15T5Y + 4.534% (A)(D) |
|
|
200 |
|
|
|
187 |
|
Comision Federal de Electricidad |
|
|
|
|
|
|
|
|
7.350%, 11/25/2025 |
|
MXN |
39,785 |
|
|
|
2,085 |
|
6.264%, 02/15/2052 (A) |
|
$ |
263 |
|
|
|
214 |
|
4.688%, 05/15/2029 (A) |
|
|
638 |
|
|
|
573 |
|
4.688%, 05/15/2029 |
|
|
200 |
|
|
|
180 |
|
3.875%, 07/26/2033 |
|
|
2,287 |
|
|
|
1,730 |
|
3.348%, 02/09/2031 (A) |
|
|
391 |
|
|
|
305 |
|
Mexican Bonos |
|
|
|
|
|
|
|
|
8.000%, 11/07/2047 |
|
MXN |
107,017 |
|
|
|
5,064 |
|
8.000%, 07/31/2053 |
|
|
33,575 |
|
|
|
1,576 |
|
7.750%, 11/13/2042 |
|
|
169,941 |
|
|
|
7,874 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
7.500%, 06/03/2027 |
|
MXN |
127,146 |
|
|
$ |
6,678 |
|
7.500%, 05/26/2033 |
|
|
37,370 |
|
|
|
1,826 |
|
5.750%, 03/05/2026 |
|
|
122,956 |
|
|
|
6,343 |
|
Mexican Bonos, Ser M20 |
|
|
|
|
|
|
|
|
10.000%, 12/05/2024 |
|
|
47,227 |
|
|
|
2,685 |
|
8.500%, 05/31/2029 |
|
|
202,780 |
|
|
|
10,907 |
|
7.750%, 05/29/2031 |
|
|
252,651 |
|
|
|
12,799 |
|
Mexican Bonos, Ser M30 |
|
|
|
|
|
|
|
|
8.500%, 11/18/2038 |
|
|
119,760 |
|
|
|
6,072 |
|
Mexico City Airport Trust |
|
|
|
|
|
|
|
|
5.500%, 07/31/2047 (A) |
|
$ |
715 |
|
|
|
544 |
|
Mexico Government International Bond |
|
|
|
|
|
|
|
|
6.350%, 02/09/2035 |
|
|
644 |
|
|
|
630 |
|
6.338%, 05/04/2053 |
|
|
2,065 |
|
|
|
1,879 |
|
3.771%, 05/24/2061 |
|
|
1,407 |
|
|
|
825 |
|
3.750%, 04/19/2071 |
|
|
1,219 |
|
|
|
693 |
|
3.500%, 02/12/2034 |
|
|
746 |
|
|
|
583 |
|
2.659%, 05/24/2031 |
|
|
1,765 |
|
|
|
1,393 |
|
Mexico Government International Bond MTN |
|
|
|
|
|
|
|
|
5.750%, 10/12/2110 |
|
|
2,606 |
|
|
|
2,068 |
|
4.750%, 03/08/2044 |
|
|
386 |
|
|
|
295 |
|
Minera Mexico |
|
|
|
|
|
|
|
|
4.500%, 01/26/2050 (A) |
|
|
627 |
|
|
|
446 |
|
Petroleos Mexicanos |
|
|
|
|
|
|
|
|
10.000%, 02/07/2033 |
|
|
6,389 |
|
|
|
5,688 |
|
7.690%, 01/23/2050 (A) |
|
|
237 |
|
|
|
152 |
|
6.950%, 01/28/2060 (A) |
|
|
308 |
|
|
|
182 |
|
6.625%, 06/15/2035 |
|
|
3,100 |
|
|
|
2,076 |
|
6.500%, 03/13/2027 |
|
|
3,763 |
|
|
|
3,318 |
|
6.500%, 01/23/2029 |
|
|
688 |
|
|
|
558 |
|
6.500%, 06/02/2041 |
|
|
279 |
|
|
|
168 |
|
6.350%, 02/12/2048 |
|
|
678 |
|
|
|
387 |
|
6.350%, 02/12/2048 |
|
|
370 |
|
|
|
211 |
|
6.350%, 02/12/2048 (A) |
|
|
130 |
|
|
|
74 |
|
5.950%, 01/28/2031 (A) |
|
|
470 |
|
|
|
337 |
|
Petroleos Mexicanos MTN |
|
|
|
|
|
|
|
|
6.875%, 08/04/2026 |
|
|
632 |
|
|
|
582 |
|
6.750%, 09/21/2047 |
|
|
5,083 |
|
|
|
3,012 |
|
6.750%, 09/21/2047 |
|
|
553 |
|
|
|
328 |
|
4.875%, 02/21/2028 |
|
EUR |
755 |
|
|
|
639 |
|
Poinsettia Finance |
|
|
|
|
|
|
|
|
6.625%, 06/17/2031 |
|
$ |
5,228 |
|
|
|
4,294 |
|
Tierra Mojada Luxembourg II Sarl |
|
|
|
|
|
|
|
|
5.750%, 12/01/2040 (A) |
|
|
175 |
|
|
|
145 |
|
|
|
|
|
|
|
|
103,885 |
|
|
|
|
|
|
|
|
|
|
Mongolia — 0.4% |
|
|
|
|
Development Bank of Mongolia |
|
|
|
|
|
|
|
|
7.250%, 10/23/2023 (A) |
|
|
784 |
|
|
|
780 |
|
Mongolia Government International Bond |
|
|
|
|
|
|
|
|
8.650%, 01/19/2028 (A) |
|
|
1,736 |
|
|
|
1,724 |
|
8.650%, 01/19/2028 |
|
|
208 |
|
|
|
207 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
5.125%, 04/07/2026 |
|
$ |
581 |
|
|
$ |
542 |
|
3.500%, 07/07/2027 |
|
|
901 |
|
|
|
755 |
|
Mongolia Government International Bond MTN |
|
|
|
|
|
|
|
|
8.750%, 03/09/2024 |
|
|
1,169 |
|
|
|
1,173 |
|
|
|
|
|
|
|
|
5,181 |
|
|
|
|
|
|
|
|
|
|
Morocco — 0.3% |
|
|
|
|
Morocco Government International Bond |
|
|
|
|
|
|
|
|
6.500%, 09/08/2033 |
|
|
780 |
|
|
|
765 |
|
5.950%, 03/08/2028 (A) |
|
|
1,314 |
|
|
|
1,294 |
|
4.000%, 12/15/2050 |
|
|
305 |
|
|
|
188 |
|
3.000%, 12/15/2032 |
|
|
315 |
|
|
|
240 |
|
OCP SA |
|
|
|
|
|
|
|
|
5.125%, 06/23/2051 (A) |
|
|
1,611 |
|
|
|
1,063 |
|
|
|
|
|
|
|
|
3,550 |
|
|
|
|
|
|
|
|
|
|
Mozambique — 0.1% |
|
|
|
|
Mozambique International Bond |
|
|
|
|
|
|
|
|
9.000%, 09/15/2031 (A)(B) |
|
|
1,356 |
|
|
|
1,060 |
|
9.000%, 09/15/2031 (B) |
|
|
200 |
|
|
|
156 |
|
|
|
|
|
|
|
|
1,216 |
|
|
|
|
|
|
|
|
|
|
Nigeria — 0.9% |
|
|
|
|
Nigeria Government International Bond |
|
|
|
|
|
|
|
|
8.747%, 01/21/2031 |
|
|
856 |
|
|
|
720 |
|
7.875%, 02/16/2032 |
|
|
923 |
|
|
|
726 |
|
7.696%, 02/23/2038 |
|
|
827 |
|
|
|
577 |
|
Nigeria Government International Bond MTN |
|
|
|
|
|
|
|
|
8.375%, 03/24/2029 |
|
|
2,368 |
|
|
|
2,025 |
|
8.250%, 09/28/2051 |
|
|
481 |
|
|
|
332 |
|
7.375%, 09/28/2033 |
|
|
2,690 |
|
|
|
1,984 |
|
7.375%, 09/28/2033 (A) |
|
|
707 |
|
|
|
522 |
|
6.500%, 11/28/2027 (A) |
|
|
2,217 |
|
|
|
1,845 |
|
6.125%, 09/28/2028 (A) |
|
|
2,474 |
|
|
|
1,967 |
|
|
|
|
|
|
|
|
10,698 |
|
|
|
|
|
|
|
|
|
|
Oman — 1.4% |
|
|
|
|
EDO Sukuk |
|
|
|
|
|
|
|
|
5.875%, 09/21/2033 (A) |
|
|
2,234 |
|
|
|
2,208 |
|
Oman Government International Bond |
|
|
|
|
|
|
|
|
7.375%, 10/28/2032 (A) |
|
|
354 |
|
|
|
374 |
|
7.000%, 01/25/2051 |
|
|
1,254 |
|
|
|
1,180 |
|
6.750%, 10/28/2027 (A) |
|
|
1,094 |
|
|
|
1,112 |
|
6.750%, 10/28/2027 |
|
|
4,155 |
|
|
|
4,222 |
|
6.750%, 01/17/2048 |
|
|
2,839 |
|
|
|
2,605 |
|
6.750%, 01/17/2048 (A) |
|
|
2,675 |
|
|
|
2,454 |
|
6.500%, 03/08/2047 (A) |
|
|
611 |
|
|
|
545 |
|
6.500%, 03/08/2047 |
|
|
281 |
|
|
|
250 |
|
5.625%, 01/17/2028 (A) |
|
|
1,979 |
|
|
|
1,927 |
|
Oman Government International Bond MTN |
|
|
|
|
|
|
|
|
6.000%, 08/01/2029 (A) |
|
|
245 |
|
|
|
240 |
|
|
|
|
|
|
|
|
17,117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Pakistan — 0.2% |
|
|
|
|
Pakistan Government International Bond |
|
|
|
|
|
|
|
|
8.250%, 09/30/2025 (E) |
|
$ |
1,609 |
|
|
$ |
982 |
|
6.875%, 12/05/2027 |
|
|
452 |
|
|
|
230 |
|
Pakistan Government International Bond MTN |
|
|
|
|
|
|
|
|
7.375%, 04/08/2031 |
|
|
933 |
|
|
|
432 |
|
6.000%, 04/08/2026 (A) |
|
|
2,351 |
|
|
|
1,210 |
|
|
|
|
|
|
|
|
2,854 |
|
|
|
|
|
|
|
|
|
|
Panama — 1.5% |
|
|
|
|
Aeropuerto Internacional de Tocumen |
|
|
|
|
|
|
|
|
5.125%, 08/11/2061 (A) |
|
|
311 |
|
|
|
226 |
|
Banco Nacional de Panama |
|
|
|
|
|
|
|
|
2.500%, 08/11/2030 (A)(E) |
|
|
791 |
|
|
|
613 |
|
Empresa de Transmision Electrica |
|
|
|
|
|
|
|
|
5.125%, 05/02/2049 (A) |
|
|
635 |
|
|
|
485 |
|
Panama Government International Bond |
|
|
|
|
|
|
|
|
9.375%, 04/01/2029 |
|
|
514 |
|
|
|
588 |
|
8.125%, 04/28/2034 |
|
|
478 |
|
|
|
541 |
|
6.853%, 03/28/2054 |
|
|
4,861 |
|
|
|
4,514 |
|
6.700%, 01/26/2036 |
|
|
985 |
|
|
|
972 |
|
6.400%, 02/14/2035 |
|
|
5,804 |
|
|
|
5,618 |
|
4.500%, 04/16/2050 |
|
|
735 |
|
|
|
499 |
|
4.500%, 04/01/2056 |
|
|
3,451 |
|
|
|
2,267 |
|
4.500%, 01/19/2063 |
|
|
1,077 |
|
|
|
695 |
|
4.300%, 04/29/2053 |
|
|
200 |
|
|
|
130 |
|
2.252%, 09/29/2032 |
|
|
400 |
|
|
|
289 |
|
Telecomunicaciones Digitales |
|
|
|
|
|
|
|
|
4.500%, 01/30/2030 (A) |
|
|
208 |
|
|
|
170 |
|
|
|
|
|
|
|
|
17,607 |
|
|
|
|
|
|
|
|
|
|
Papua New Guinea — 0.0% |
|
|
|
|
Papua New Guinea Government International Bond |
|
|
|
|
|
|
|
|
8.375%, 10/04/2028 |
|
|
282 |
|
|
|
262 |
|
8.375%, 10/04/2028 (A) |
|
|
275 |
|
|
|
256 |
|
|
|
|
|
|
|
|
518 |
|
|
|
|
|
|
|
|
|
|
Paraguay — 0.4% |
|
|
|
|
Paraguay Government International Bond |
|
|
|
|
|
|
|
|
6.100%, 08/11/2044 |
|
|
660 |
|
|
|
579 |
|
5.850%, 08/21/2033 (A) |
|
|
2,712 |
|
|
|
2,564 |
|
5.600%, 03/13/2048 |
|
|
903 |
|
|
|
729 |
|
5.400%, 03/30/2050 |
|
|
571 |
|
|
|
450 |
|
3.849%, 06/28/2033 |
|
|
461 |
|
|
|
378 |
|
|
|
|
|
|
|
|
4,700 |
|
|
|
|
|
|
|
|
|
|
Peru — 3.0% |
|
|
|
|
Atlantica Transmision Sur |
|
|
|
|
|
|
|
|
6.875%, 04/30/2043 (A) |
|
|
255 |
|
|
|
247 |
|
Fondo MIVIVIENDA |
|
|
|
|
|
|
|
|
7.000%, 02/14/2024 (A) |
|
PEN |
3,704 |
|
|
|
966 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Kallpa Generacion |
|
|
|
|
|
|
|
|
4.125%, 08/16/2027 (A) |
|
$ |
723 |
|
|
$ |
661 |
|
Peru Government Bond |
|
|
|
|
|
|
|
|
7.300%, 08/12/2033 (A) |
|
PEN |
4,944 |
|
|
|
1,302 |
|
6.950%, 08/12/2031 |
|
|
500 |
|
|
|
130 |
|
5.350%, 08/12/2040 |
|
|
2,134 |
|
|
|
450 |
|
Peruvian Government International Bond |
|
|
|
|
|
|
|
|
8.200%, 08/12/2026 |
|
|
15 |
|
|
|
4 |
|
6.950%, 08/12/2031 |
|
|
3,980 |
|
|
|
1,038 |
|
6.900%, 08/12/2037 |
|
|
3,326 |
|
|
|
834 |
|
6.900%, 08/12/2037 |
|
|
1,171 |
|
|
|
294 |
|
6.850%, 02/12/2042 |
|
|
613 |
|
|
|
151 |
|
6.350%, 08/12/2028 |
|
|
12,151 |
|
|
|
3,204 |
|
6.350%, 08/12/2028 |
|
|
1,353 |
|
|
|
357 |
|
6.150%, 08/12/2032 |
|
|
18,061 |
|
|
|
4,430 |
|
5.940%, 02/12/2029 |
|
|
8,249 |
|
|
|
2,111 |
|
5.400%, 08/12/2034 |
|
|
1,243 |
|
|
|
280 |
|
5.400%, 08/12/2034 (E) |
|
|
17,065 |
|
|
|
3,839 |
|
3.750%, 03/01/2030 |
|
EUR |
200 |
|
|
|
200 |
|
3.300%, 03/11/2041 |
|
$ |
410 |
|
|
|
283 |
|
3.230%, 07/28/2121 |
|
|
1,507 |
|
|
|
784 |
|
3.000%, 01/15/2034 |
|
|
1,157 |
|
|
|
891 |
|
2.783%, 01/23/2031 |
|
|
4,288 |
|
|
|
3,511 |
|
2.780%, 12/01/2060 |
|
|
1,944 |
|
|
|
1,032 |
|
2.392%, 01/23/2026 |
|
|
712 |
|
|
|
661 |
|
1.950%, 11/17/2036 |
|
EUR |
1,550 |
|
|
|
1,122 |
|
1.250%, 03/11/2033 |
|
|
1,838 |
|
|
|
1,412 |
|
Petroleos del Peru |
|
|
|
|
|
|
|
|
5.625%, 06/19/2047 |
|
$ |
3,337 |
|
|
|
2,005 |
|
5.625%, 06/19/2047 (A) |
|
|
917 |
|
|
|
551 |
|
4.750%, 06/19/2032 (A) |
|
|
1,201 |
|
|
|
846 |
|
4.750%, 06/19/2032 |
|
|
3,211 |
|
|
|
2,261 |
|
|
|
|
|
|
|
|
35,857 |
|
|
|
|
|
|
|
|
|
|
Philippines — 0.9% |
|
|
|
|
Philippine Government International Bond |
|
|
|
|
|
|
|
|
6.375%, 10/23/2034 |
|
|
200 |
|
|
|
211 |
|
5.609%, 04/13/2033 |
|
|
210 |
|
|
|
211 |
|
5.500%, 01/17/2048 |
|
|
1,052 |
|
|
|
990 |
|
5.170%, 10/13/2027 |
|
|
499 |
|
|
|
494 |
|
5.000%, 07/17/2033 |
|
|
1,661 |
|
|
|
1,591 |
|
5.000%, 01/13/2037 |
|
|
464 |
|
|
|
430 |
|
2.950%, 05/05/2045 |
|
|
824 |
|
|
|
521 |
|
2.650%, 12/10/2045 |
|
|
2,048 |
|
|
|
1,233 |
|
1.950%, 01/06/2032 |
|
|
4,816 |
|
|
|
3,676 |
|
1.750%, 04/28/2041 |
|
EUR |
402 |
|
|
|
268 |
|
1.648%, 06/10/2031 |
|
$ |
1,004 |
|
|
|
753 |
|
|
|
|
|
|
|
|
10,378 |
|
|
|
|
|
|
|
|
|
|
Poland — 3.7% |
|
|
|
|
Bank Gospodarstwa Krajowego MTN |
|
|
|
|
|
|
|
|
5.375%, 05/22/2033 |
|
|
409 |
|
|
|
385 |
|
5.125%, 02/22/2033 |
|
EUR |
805 |
|
|
|
865 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Republic of Poland Government Bond |
|
|
|
|
|
|
|
|
7.500%, 07/25/2028 |
|
PLN |
27,714 |
|
|
$ |
6,940 |
|
6.000%, 10/25/2033 |
|
|
4,608 |
|
|
|
1,063 |
|
3.750%, 05/25/2027 |
|
|
14,897 |
|
|
|
3,260 |
|
3.250%, 07/25/2025 |
|
|
7,070 |
|
|
|
1,572 |
|
2.750%, 04/25/2028 |
|
|
1,902 |
|
|
|
394 |
|
2.750%, 10/25/2029 |
|
|
9,045 |
|
|
|
1,797 |
|
2.500%, 07/25/2026 |
|
|
32,234 |
|
|
|
6,900 |
|
2.500%, 07/25/2027 |
|
|
8,719 |
|
|
|
1,819 |
|
1.750%, 04/25/2032 |
|
|
42,335 |
|
|
|
7,073 |
|
1.250%, 10/25/2030 |
|
|
15,629 |
|
|
|
2,702 |
|
0.250%, 10/25/2026 |
|
|
3,437 |
|
|
|
682 |
|
Republic of Poland Government International Bond |
|
|
|
|
|
|
|
|
5.500%, 11/16/2027 |
|
$ |
786 |
|
|
|
787 |
|
5.500%, 04/04/2053 |
|
|
2,700 |
|
|
|
2,440 |
|
4.875%, 10/04/2033 |
|
|
5,549 |
|
|
|
5,161 |
|
|
|
|
|
|
|
|
43,840 |
|
|
|
|
|
|
|
|
|
|
Qatar — 1.4% |
|
|
|
|
Ooredoo International Finance MTN |
|
|
|
|
|
|
|
|
2.625%, 04/08/2031 (A) |
|
|
363 |
|
|
|
302 |
|
Qatar Government International Bond |
|
|
|
|
|
|
|
|
5.750%, 01/20/2042 (A) |
|
|
1,292 |
|
|
|
1,317 |
|
5.103%, 04/23/2048 |
|
|
1,376 |
|
|
|
1,245 |
|
4.817%, 03/14/2049 (A) |
|
|
2,782 |
|
|
|
2,412 |
|
4.817%, 03/14/2049 |
|
|
4,199 |
|
|
|
3,640 |
|
4.500%, 04/23/2028 |
|
|
1,149 |
|
|
|
1,129 |
|
4.400%, 04/16/2050 |
|
|
1,526 |
|
|
|
1,243 |
|
4.400%, 04/16/2050 (A) |
|
|
1,166 |
|
|
|
950 |
|
4.000%, 03/14/2029 (A) |
|
|
759 |
|
|
|
722 |
|
3.750%, 04/16/2030 |
|
|
861 |
|
|
|
803 |
|
QatarEnergy |
|
|
|
|
|
|
|
|
3.300%, 07/12/2051 (A) |
|
|
234 |
|
|
|
152 |
|
3.125%, 07/12/2041 (A) |
|
|
292 |
|
|
|
202 |
|
2.250%, 07/12/2031 (A) |
|
|
705 |
|
|
|
564 |
|
2.250%, 07/12/2031 |
|
|
2,576 |
|
|
|
2,062 |
|
|
|
|
|
|
|
|
16,743 |
|
|
|
|
|
|
|
|
|
|
Romania — 2.1% |
|
|
|
|
Romania Government Bond |
|
|
|
|
|
|
|
|
8.750%, 10/30/2028 |
|
RON |
2,890 |
|
|
|
664 |
|
8.250%, 09/29/2032 |
|
|
4,030 |
|
|
|
920 |
|
8.000%, 04/29/2030 |
|
|
870 |
|
|
|
195 |
|
7.900%, 02/24/2038 |
|
|
1,100 |
|
|
|
250 |
|
7.350%, 04/28/2031 |
|
|
1,155 |
|
|
|
250 |
|
6.700%, 02/25/2032 |
|
|
9,780 |
|
|
|
2,037 |
|
4.850%, 07/25/2029 |
|
|
5,460 |
|
|
|
1,060 |
|
4.750%, 10/11/2034 |
|
|
2,535 |
|
|
|
448 |
|
4.150%, 10/24/2030 |
|
|
2,875 |
|
|
|
523 |
|
3.650%, 09/24/2031 |
|
|
670 |
|
|
|
115 |
|
3.250%, 06/24/2026 |
|
|
3,585 |
|
|
|
702 |
|
2.500%, 10/25/2027 |
|
|
12,395 |
|
|
|
2,258 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Romanian Government International Bond |
|
|
|
|
|
|
|
|
7.625%, 01/17/2053 (A) |
|
$ |
624 |
|
|
$ |
637 |
|
7.125%, 01/17/2033 (A) |
|
|
1,562 |
|
|
|
1,597 |
|
6.625%, 02/17/2028 (A) |
|
|
606 |
|
|
|
613 |
|
5.500%, 09/18/2028 (A) |
|
EUR |
1,069 |
|
|
|
1,119 |
|
5.250%, 11/25/2027 (A) |
|
$ |
476 |
|
|
|
463 |
|
5.250%, 11/25/2027 |
|
|
384 |
|
|
|
374 |
|
5.125%, 06/15/2048 |
|
|
244 |
|
|
|
190 |
|
4.000%, 02/14/2051 |
|
|
506 |
|
|
|
322 |
|
3.624%, 05/26/2030 (A) |
|
EUR |
650 |
|
|
|
591 |
|
3.000%, 02/27/2027 |
|
$ |
376 |
|
|
|
341 |
|
3.000%, 02/14/2031 (A) |
|
|
600 |
|
|
|
482 |
|
Romanian Government International Bond MTN |
|
|
|
|
|
|
|
|
7.625%, 01/17/2053 |
|
|
790 |
|
|
|
807 |
|
6.375%, 09/18/2033 |
|
EUR |
474 |
|
|
|
492 |
|
4.125%, 03/11/2039 |
|
|
610 |
|
|
|
485 |
|
3.875%, 10/29/2035 |
|
|
1,900 |
|
|
|
1,562 |
|
3.750%, 02/07/2034 |
|
|
3,744 |
|
|
|
3,123 |
|
3.375%, 02/08/2038 (A) |
|
|
147 |
|
|
|
109 |
|
3.375%, 01/28/2050 |
|
|
1,410 |
|
|
|
880 |
|
2.875%, 04/13/2042 |
|
|
297 |
|
|
|
185 |
|
2.500%, 02/08/2030 (A) |
|
|
657 |
|
|
|
568 |
|
2.124%, 07/16/2031 |
|
|
158 |
|
|
|
124 |
|
2.000%, 01/28/2032 |
|
|
640 |
|
|
|
487 |
|
2.000%, 04/14/2033 |
|
|
990 |
|
|
|
720 |
|
|
|
|
|
|
|
|
25,693 |
|
|
|
|
|
|
|
|
|
|
Russia — 0.2% |
|
|
|
|
Russian Foreign Bond - Eurobond |
|
|
|
|
|
|
|
|
7.500%, 03/31/2030 (G) |
|
$ |
– |
|
|
|
– |
|
4.375%, 03/21/2029 (G) |
|
|
1,800 |
|
|
|
819 |
|
Serbia International Bond (A) |
|
|
|
|
|
|
|
|
6.500%, 09/26/2033 |
|
|
742 |
|
|
|
705 |
|
6.250%, 05/26/2028 |
|
|
426 |
|
|
|
418 |
|
Vnesheconombank Via VEB Finance |
|
|
|
|
|
|
|
|
6.800%, 11/22/2025 |
|
|
580 |
|
|
|
38 |
|
6.800%, 11/22/2025 (A) |
|
|
150 |
|
|
|
8 |
|
|
|
|
|
|
|
|
1,988 |
|
|
|
|
|
|
|
|
|
|
Saudi Arabia — 1.8% |
|
|
|
|
EIG Pearl Holdings Sarl |
|
|
|
|
|
|
|
|
3.545%, 08/31/2036 (A) |
|
|
457 |
|
|
|
370 |
|
Gaci First Investment |
|
|
|
|
|
|
|
|
5.250%, 10/13/2032 |
|
|
2,875 |
|
|
|
2,798 |
|
Gaci First Investment Co |
|
|
|
|
|
|
|
|
5.125%, 02/14/2053 |
|
|
1,220 |
|
|
|
989 |
|
KSA Sukuk |
|
|
|
|
|
|
|
|
4.274%, 05/22/2029 (A) |
|
|
5,783 |
|
|
|
5,507 |
|
Saudi Arabian Oil MTN |
|
|
|
|
|
|
|
|
4.250%, 04/16/2039 (A) |
|
|
920 |
|
|
|
747 |
|
4.250%, 04/16/2039 |
|
|
160 |
|
|
|
130 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Saudi Government International Bond |
|
|
|
|
|
|
|
|
5.500%, 10/25/2032 (A) |
|
$ |
1,710 |
|
|
$ |
1,710 |
|
5.250%, 01/16/2050 |
|
|
680 |
|
|
|
590 |
|
Saudi Government International Bond MTN |
|
|
|
|
|
|
|
|
5.000%, 04/17/2049 (A) |
|
|
724 |
|
|
|
605 |
|
5.000%, 01/18/2053 (A) |
|
|
2,603 |
|
|
|
2,160 |
|
4.875%, 07/18/2033 (A) |
|
|
1,160 |
|
|
|
1,102 |
|
4.625%, 10/04/2047 (A) |
|
|
2,683 |
|
|
|
2,129 |
|
4.000%, 04/17/2025 |
|
|
234 |
|
|
|
228 |
|
2.250%, 02/02/2033 (A) |
|
|
2,776 |
|
|
|
2,126 |
|
|
|
|
|
|
|
|
21,191 |
|
|
|
|
|
|
|
|
|
|
Senegal — 0.0% |
|
|
|
|
Senegal Government International Bond |
|
|
|
|
|
|
|
|
6.750%, 03/13/2048 |
|
|
917 |
|
|
|
614 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Serbia — 0.4% |
|
|
|
|
Serbia International Bond |
|
|
|
|
|
|
|
|
3.125%, 05/15/2027 |
|
EUR |
320 |
|
|
|
306 |
|
2.125%, 12/01/2030 |
|
$ |
729 |
|
|
|
534 |
|
1.650%, 03/03/2033 |
|
EUR |
522 |
|
|
|
360 |
|
1.500%, 06/26/2029 |
|
|
2,863 |
|
|
|
2,329 |
|
Serbia International Bond MTN |
|
|
|
|
|
|
|
|
2.050%, 09/23/2036 |
|
|
1,389 |
|
|
|
869 |
|
Serbia Treasury Bonds |
|
|
|
|
|
|
|
|
5.875%, 02/08/2028 |
|
RSD |
43,860 |
|
|
|
407 |
|
4.500%, 01/11/2026 |
|
|
15,250 |
|
|
|
136 |
|
4.500%, 08/20/2032 |
|
|
10,270 |
|
|
|
83 |
|
|
|
|
|
|
|
|
5,024 |
|
|
|
|
|
|
|
|
|
|
Slovenia — 0.1% |
|
|
|
|
Slovenia Government International Bond |
|
|
|
|
|
|
|
|
5.000%, 09/19/2033 (A) |
|
$ |
867 |
|
|
|
838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
South Africa — 5.8% |
|
|
|
|
Bidvest Group UK PLC |
|
|
|
|
|
|
|
|
3.625%, 09/23/2026 (A) |
|
|
344 |
|
|
|
305 |
|
Eskom Holdings SOC |
|
|
|
|
|
|
|
|
4.314%, 07/23/2027 |
|
|
1,189 |
|
|
|
1,040 |
|
Eskom Holdings SOC MTN |
|
|
|
|
|
|
|
|
8.450%, 08/10/2028 (A) |
|
|
977 |
|
|
|
927 |
|
7.500%, 09/15/2033 |
|
ZAR |
35,000 |
|
|
|
1,256 |
|
Republic of South Africa |
|
|
|
|
|
|
|
|
10.500%, 12/21/2026 |
|
|
179,379 |
|
|
|
9,794 |
|
9.000%, 01/31/2040 |
|
|
55,102 |
|
|
|
2,156 |
|
8.875%, 02/28/2035 |
|
|
70,762 |
|
|
|
2,960 |
|
8.750%, 01/31/2044 |
|
|
115,206 |
|
|
|
4,273 |
|
8.750%, 02/28/2048 |
|
|
223,650 |
|
|
|
8,230 |
|
8.500%, 01/31/2037 |
|
|
69,791 |
|
|
|
2,710 |
|
8.250%, 03/31/2032 |
|
|
38,051 |
|
|
|
1,646 |
|
8.000%, 01/31/2030 |
|
|
183,500 |
|
|
|
8,497 |
|
7.000%, 02/28/2031 |
|
|
155,586 |
|
|
|
6,480 |
|
6.500%, 02/28/2041 |
|
|
38,413 |
|
|
|
1,151 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
6.300%, 06/22/2048 |
|
$ |
646 |
|
|
$ |
462 |
|
6.250%, 03/31/2036 |
|
ZAR |
136,324 |
|
|
|
4,428 |
|
5.875%, 09/16/2025 |
|
$ |
852 |
|
|
|
839 |
|
5.750%, 09/30/2049 |
|
|
4,534 |
|
|
|
2,993 |
|
5.650%, 09/27/2047 |
|
|
946 |
|
|
|
627 |
|
4.850%, 09/27/2027 |
|
|
420 |
|
|
|
388 |
|
4.300%, 10/12/2028 |
|
|
723 |
|
|
|
625 |
|
Republic of South Africa Government International Bond |
|
|
|
|
|
|
|
|
7.300%, 04/20/2052 |
|
|
2,486 |
|
|
|
1,967 |
|
5.875%, 04/20/2032 |
|
|
3,082 |
|
|
|
2,620 |
|
Sasol Financing USA |
|
|
|
|
|
|
|
|
6.500%, 09/27/2028 |
|
|
360 |
|
|
|
321 |
|
5.875%, 03/27/2024 |
|
|
442 |
|
|
|
438 |
|
4.375%, 09/18/2026 |
|
|
351 |
|
|
|
311 |
|
Sasol Financing USA LLC |
|
|
|
|
|
|
|
|
8.750%, 05/03/2029 (A) |
|
|
295 |
|
|
|
284 |
|
Transnet SOC |
|
|
|
|
|
|
|
|
8.250%, 02/06/2028 (A)(E) |
|
|
1,208 |
|
|
|
1,156 |
|
|
|
|
|
|
|
|
68,884 |
|
|
|
|
|
|
|
|
|
|
South Korea — 0.1% |
|
|
|
|
Export-Import Bank of Korea MTN |
|
|
|
|
|
|
|
|
8.000%, 05/15/2024 |
|
IDR |
8,800,000 |
|
|
|
572 |
|
7.250%, 12/07/2024 |
|
|
700,000 |
|
|
|
46 |
|
5.750%, 03/05/2024 |
|
|
12,200,000 |
|
|
|
785 |
|
|
|
|
|
|
|
|
1,403 |
|
|
|
|
|
|
|
|
|
|
Sri Lanka — 0.7% |
|
|
|
|
Sri Lanka Government International Bond |
|
|
|
|
|
|
|
|
7.850%, 03/14/2029 (G) |
|
$ |
1,598 |
|
|
|
740 |
|
7.550%, 03/28/2030 (G) |
|
|
2,325 |
|
|
|
1,071 |
|
6.850%, 03/14/2024 (G) |
|
|
512 |
|
|
|
242 |
|
6.850%, 11/03/2025 (G) |
|
|
1,339 |
|
|
|
638 |
|
6.825%, 07/18/2026 (A)(G) |
|
|
909 |
|
|
|
433 |
|
6.825%, 07/18/2026 (G) |
|
|
500 |
|
|
|
238 |
|
6.750%, 04/18/2028 (G) |
|
|
2,648 |
|
|
|
1,227 |
|
6.750%, 04/18/2028 (A)(G) |
|
|
4,098 |
|
|
|
1,898 |
|
6.350%, 06/28/2024 (A)(G) |
|
|
613 |
|
|
|
289 |
|
6.200%, 05/11/2027 (G) |
|
|
1,924 |
|
|
|
887 |
|
5.750%, 04/18/2023 (G) |
|
|
434 |
|
|
|
207 |
|
|
|
|
|
|
|
|
7,870 |
|
|
|
|
|
|
|
|
|
|
Supranational — 0.4% |
|
|
|
|
European Bank for Reconstruction & Development MTN |
|
|
|
|
|
|
|
|
6.300%, 10/26/2027 |
|
INR |
186,000 |
|
|
|
2,151 |
|
International Finance Corp MTN |
|
|
|
|
|
|
|
|
0.000%, 08/16/2028 (C) |
|
COP |
16,480,000 |
|
|
|
2,391 |
|
|
|
|
|
|
|
|
4,542 |
|
|
|
|
|
|
|
|
|
|
Supra-National — 0.3% |
|
|
|
|
Africa Finance |
|
|
|
|
|
|
|
|
2.875%, 04/28/2028 (A) |
|
$ |
1,506 |
|
|
|
1,242 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
African Export-Import Bank |
|
|
|
|
|
|
|
|
3.798%, 05/17/2031 (A) |
|
$ |
200 |
|
|
$ |
155 |
|
African Export-Import Bank MTN |
|
|
|
|
|
|
|
|
3.994%, 09/21/2029 (A) |
|
|
363 |
|
|
|
298 |
|
Asian Infrastructure Investment Bank MTN |
|
|
|
|
|
|
|
|
0.000%, 02/08/2038 (C) |
|
MXN |
15,200 |
|
|
|
183 |
|
Banque Ouest Africaine de Developpement |
|
|
|
|
|
|
|
|
5.000%, 07/27/2027 (A) |
|
$ |
865 |
|
|
|
767 |
|
4.700%, 10/22/2031 (A) |
|
|
683 |
|
|
|
542 |
|
4.700%, 10/22/2031 |
|
|
280 |
|
|
|
222 |
|
European Bank for Reconstruction & Development MTN |
|
|
|
|
|
|
|
|
5.200%, 05/28/2024 |
|
IDR |
11,593,600 |
|
|
|
744 |
|
|
|
|
|
|
|
|
4,153 |
|
|
|
|
|
|
|
|
|
|
Thailand — 3.0% |
|
|
|
|
Bank of Thailand Bill |
|
|
|
|
|
|
|
|
0.000%, 05/09/2024 (C) |
|
THB |
35,000 |
|
|
|
947 |
|
Thailand Government Bond |
|
|
|
|
|
|
|
|
5.670%, 03/13/2028 |
|
|
3,000 |
|
|
|
92 |
|
3.775%, 06/25/2032 |
|
|
12,597 |
|
|
|
360 |
|
3.650%, 06/20/2031 |
|
|
58,000 |
|
|
|
1,652 |
|
3.450%, 06/17/2043 |
|
|
64,080 |
|
|
|
1,704 |
|
3.400%, 06/17/2036 |
|
|
162,967 |
|
|
|
4,484 |
|
3.390%, 06/17/2037 |
|
|
8,000 |
|
|
|
218 |
|
3.350%, 06/17/2033 |
|
|
31,922 |
|
|
|
885 |
|
3.300%, 06/17/2038 |
|
|
83,684 |
|
|
|
2,241 |
|
2.875%, 12/17/2028 |
|
|
95,700 |
|
|
|
2,628 |
|
2.875%, 06/17/2046 |
|
|
3,431 |
|
|
|
81 |
|
2.750%, 06/17/2052 |
|
|
1,861 |
|
|
|
42 |
|
2.650%, 06/17/2028 |
|
|
393,999 |
|
|
|
10,727 |
|
2.000%, 12/17/2031 |
|
|
23,400 |
|
|
|
591 |
|
2.000%, 06/17/2042 |
|
|
92,320 |
|
|
|
1,989 |
|
1.600%, 12/17/2029 |
|
|
32,000 |
|
|
|
814 |
|
1.600%, 06/17/2035 |
|
|
27,023 |
|
|
|
620 |
|
1.585%, 12/17/2035 |
|
|
73,597 |
|
|
|
1,672 |
|
1.450%, 12/17/2024 |
|
|
67,979 |
|
|
|
1,843 |
|
1.250%, 03/12/2028 |
|
|
56,563 |
|
|
|
1,657 |
|
1.000%, 06/17/2027 |
|
|
39,000 |
|
|
|
1,006 |
|
|
|
|
|
|
|
|
36,253 |
|
|
|
|
|
|
|
|
|
|
Trinidad & Tobago — 0.1% |
|
|
|
|
Trinidad & Tobago Government International Bond |
|
|
|
|
|
|
|
|
5.950%, 01/14/2031 (A) |
|
$ |
965 |
|
|
|
955 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tunisia — 0.2% |
|
|
|
|
Tunisian Republic |
|
|
|
|
|
|
|
|
6.375%, 07/15/2026 |
|
EUR |
999 |
|
|
|
634 |
|
6.375%, 07/15/2026 (A) |
|
|
600 |
|
|
|
381 |
|
5.750%, 01/30/2025 |
|
$ |
309 |
|
|
|
210 |
|
5.750%, 01/30/2025 (A) |
|
|
205 |
|
|
|
140 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Continued)
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
5.625%, 02/17/2024 |
|
EUR |
876 |
|
|
$ |
821 |
|
|
|
|
|
|
|
|
2,186 |
|
|
|
|
|
|
|
|
|
|
Turkey — 1.7% |
|
|
|
|
Aydem Yenilenebilir Enerji |
|
|
|
|
|
|
|
|
7.750%, 02/02/2027 (A) |
|
$ |
655 |
|
|
|
577 |
|
Hazine Mustesarligi Varlik Kiralama |
|
|
|
|
|
|
|
|
9.758%, 11/13/2025 |
|
|
432 |
|
|
|
448 |
|
Turkey Government Bond |
|
|
|
|
|
|
|
|
17.800%, 07/13/2033 |
|
TRY |
13,445 |
|
|
|
355 |
|
1.500%, 06/18/2025 |
|
|
13,818 |
|
|
|
2,056 |
|
Turkey Government International Bond |
|
|
|
|
|
|
|
|
9.875%, 01/15/2028 |
|
$ |
818 |
|
|
|
861 |
|
9.375%, 03/14/2029 |
|
|
1,647 |
|
|
|
1,686 |
|
9.125%, 07/13/2030 |
|
|
5,599 |
|
|
|
5,620 |
|
6.500%, 09/20/2033 |
|
|
711 |
|
|
|
608 |
|
6.125%, 10/24/2028 |
|
|
1,295 |
|
|
|
1,179 |
|
5.950%, 01/15/2031 |
|
|
2,999 |
|
|
|
2,545 |
|
5.875%, 06/26/2031 |
|
|
2,181 |
|
|
|
1,829 |
|
5.750%, 05/11/2047 |
|
|
985 |
|
|
|
665 |
|
5.125%, 02/17/2028 |
|
|
711 |
|
|
|
633 |
|
Turkiye Ihracat Kredi Bankasi |
|
|
|
|
|
|
|
|
9.375%, 01/31/2026 (A) |
|
|
1,122 |
|
|
|
1,140 |
|
Turkiye Vakiflar Bankasi TAO |
|
|
|
|
|
|
|
|
9.000%, 10/12/2028 (A) |
|
|
368 |
|
|
|
367 |
|
|
|
|
|
|
|
|
20,569 |
|
|
|
|
|
|
|
|
|
|
Uganda — 0.4% |
|
|
|
|
Republic of Uganda Government Bonds |
|
|
|
|
|
|
|
|
16.000%, 05/14/2037 |
|
UGX |
3,397,200 |
|
|
|
913 |
|
15.000%, 05/20/2032 |
|
|
10,975,900 |
|
|
|
2,851 |
|
14.250%, 06/22/2034 |
|
|
3,800,000 |
|
|
|
937 |
|
14.000%, 05/29/2025 |
|
|
1,793,400 |
|
|
|
480 |
|
|
|
|
|
|
|
|
5,181 |
|
|
|
|
|
|
|
|
|
|
Ukraine — 0.8% |
|
|
|
|
NAK Naftogaz Ukraine via Kondor Finance |
|
|
|
|
|
|
|
|
7.125%, 07/19/2026 |
|
EUR |
720 |
|
|
|
356 |
|
NPC Ukrenergo |
|
|
|
|
|
|
|
|
6.875%, 11/09/2028 (A)(G) |
|
$ |
1,031 |
|
|
|
278 |
|
State Agency of Roads of Ukraine |
|
|
|
|
|
|
|
|
6.250%, 06/24/2030 (G) |
|
|
391 |
|
|
|
104 |
|
6.250%, 06/24/2030 (A)(G) |
|
|
363 |
|
|
|
96 |
|
Ukraine Government Bond |
|
|
|
|
|
|
|
|
9.990%, 05/22/2024 |
|
UAH |
89,181 |
|
|
|
1,758 |
|
Ukraine Government International Bond |
|
|
|
|
|
|
|
|
15.840%, 02/26/2025 (G) |
|
|
66,553 |
|
|
|
1,312 |
|
9.750%, 11/01/2030 (G) |
|
$ |
497 |
|
|
|
144 |
|
7.750%, 09/01/2025 (A)(G) |
|
|
24 |
|
|
|
8 |
|
7.750%, 09/01/2027 (A)(G) |
|
|
2,445 |
|
|
|
698 |
|
7.750%, 09/01/2028 (A)(G) |
|
|
2,198 |
|
|
|
630 |
|
7.750%, 09/01/2028 (G) |
|
|
1,905 |
|
|
|
546 |
|
7.750%, 09/01/2029 (G) |
|
|
1,425 |
|
|
|
407 |
|
7.750%, 09/01/2029 (A)(G) |
|
|
223 |
|
|
|
64 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
7.750%, 08/01/2041 (A)(D)(G) |
|
$ |
2,206 |
|
|
$ |
1,004 |
|
7.750%, 08/01/2041 (D)(G) |
|
|
990 |
|
|
|
451 |
|
7.375%, 09/25/2034 (G) |
|
|
2,001 |
|
|
|
526 |
|
7.253%, 03/15/2035 (G) |
|
|
1,009 |
|
|
|
262 |
|
6.876%, 05/21/2031 (G) |
|
|
4,280 |
|
|
|
1,118 |
|
6.876%, 05/21/2031 (A)(G) |
|
|
281 |
|
|
|
73 |
|
6.750%, 06/20/2028 (G) |
|
EUR |
1,299 |
|
|
|
351 |
|
|
|
|
|
|
|
|
10,186 |
|
|
|
|
|
|
|
|
|
|
United Arab Emirates — 1.7% |
|
|
|
|
Abu Dhabi Crude Oil Pipeline |
|
|
|
|
|
|
|
|
4.600%, 11/02/2047 |
|
$ |
1,010 |
|
|
|
871 |
|
4.600%, 11/02/2047 (A) |
|
|
2,523 |
|
|
|
2,177 |
|
Abu Dhabi Government International Bond |
|
|
|
|
|
|
|
|
3.125%, 09/30/2049 |
|
|
1,049 |
|
|
|
681 |
|
Abu Dhabi Government International Bond MTN |
|
|
|
|
|
|
|
|
3.125%, 04/16/2030 (A) |
|
|
373 |
|
|
|
334 |
|
3.000%, 09/15/2051 (A) |
|
|
1,598 |
|
|
|
999 |
|
3.000%, 09/15/2051 |
|
|
720 |
|
|
|
450 |
|
1.700%, 03/02/2031 |
|
|
496 |
|
|
|
395 |
|
1.625%, 06/02/2028 |
|
|
919 |
|
|
|
790 |
|
Abu Dhabi National Energy PJSC |
|
|
|
|
|
|
|
|
4.696%, 04/24/2033 (A) |
|
|
358 |
|
|
|
340 |
|
DAE Funding LLC |
|
|
|
|
|
|
|
|
3.375%, 03/20/2028 (A) |
|
|
550 |
|
|
|
485 |
|
DP World MTN (A) |
|
|
|
|
|
|
|
|
6.850%, 07/02/2037 |
|
|
210 |
|
|
|
217 |
|
5.625%, 09/25/2048 |
|
|
439 |
|
|
|
388 |
|
4.700%, 09/30/2049 |
|
|
563 |
|
|
|
442 |
|
DP World Crescent MTN |
|
|
|
|
|
|
|
|
4.848%, 09/26/2028 |
|
|
475 |
|
|
|
456 |
|
DP World Salaam |
|
|
|
|
|
|
|
|
6.000%, H15T5Y + 5.750% (D)(F) |
|
|
877 |
|
|
|
864 |
|
Emirate of Dubai Government International Bonds MTN |
|
|
|
|
|
|
|
|
3.900%, 09/09/2050 |
|
|
490 |
|
|
|
333 |
|
Finance Department Government of Sharjah |
|
|
|
|
|
|
|
|
6.500%, 11/23/2032 (A) |
|
|
458 |
|
|
|
455 |
|
Finance Department Government of Sharjah MTN |
|
|
|
|
|
|
|
|
4.000%, 07/28/2050 (A) |
|
|
1,904 |
|
|
|
1,104 |
|
Galaxy Pipeline Assets Bidco |
|
|
|
|
|
|
|
|
2.940%, 09/30/2040 |
|
|
3,078 |
|
|
|
2,369 |
|
2.940%, 09/30/2040 (A) |
|
|
563 |
|
|
|
434 |
|
2.625%, 03/31/2036 (A) |
|
|
580 |
|
|
|
448 |
|
2.160%, 03/31/2034 |
|
|
1,295 |
|
|
|
1,079 |
|
MDGH GMTN RSC |
|
|
|
|
|
|
|
|
5.500%, 04/28/2033 (A) |
|
|
775 |
|
|
|
772 |
|
MDGH GMTN RSC MTN |
|
|
|
|
|
|
|
|
4.500%, 11/07/2028 (A) |
|
|
548 |
|
|
|
526 |
|
3.950%, 05/21/2050 |
|
|
200 |
|
|
|
148 |
|
SEI Institutional International Trust
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
MDGH GMTN RSC Ltd |
|
|
|
|
|
|
|
|
5.500%, 04/28/2033 |
|
$ |
1,324 |
|
|
$ |
1,319 |
|
MDGH GMTN RSC Ltd MTN |
|
|
|
|
|
|
|
|
4.375%, 11/22/2033 (A) |
|
|
228 |
|
|
|
208 |
|
UAE International Government Bond MTN |
|
|
|
|
|
|
|
|
4.951%, 07/07/2052 (A) |
|
|
1,609 |
|
|
|
1,432 |
|
4.951%, 07/07/2052 |
|
|
332 |
|
|
|
296 |
|
|
|
|
|
|
|
|
20,812 |
|
|
|
|
|
|
|
|
|
|
United Kingdom — 0.0% |
|
|
|
|
Standard Chartered Bank MTN |
|
|
|
|
|
|
|
|
8.250%, 05/18/2029 (A) |
|
IDR |
861,000 |
|
|
|
60 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States — 0.4% |
|
|
|
|
Dominican Republic International Bond |
|
|
|
|
|
|
|
|
13.625%, 02/03/2033 (A) |
|
DOP |
8,000 |
|
|
|
165 |
|
JPMorgan Chase Bank MTN (A) |
|
|
|
|
|
|
|
|
7.500%, 06/15/2035 |
|
IDR |
28,736,000 |
|
|
|
1,948 |
|
7.000%, 09/18/2030 (D) |
|
|
43,433,000 |
|
|
|
2,842 |
|
Sagicor Financial |
|
|
|
|
|
|
|
|
5.300%, 05/13/2028 |
|
$ |
320 |
|
|
|
300 |
|
|
|
|
|
|
|
|
5,255 |
|
|
|
|
|
|
|
|
|
|
Uruguay — 1.0% |
|
|
|
|
Uruguay Government International Bond |
|
|
|
|
|
|
|
|
9.750%, 07/20/2033 |
|
UYU |
170,709 |
|
|
|
4,478 |
|
8.500%, 03/15/2028 |
|
|
61,264 |
|
|
|
1,543 |
|
8.250%, 05/21/2031 |
|
|
43,034 |
|
|
|
1,030 |
|
5.750%, 10/28/2034 |
|
$ |
2,019 |
|
|
|
2,055 |
|
5.100%, 06/18/2050 |
|
|
757 |
|
|
|
670 |
|
4.975%, 04/20/2055 (E) |
|
|
1,736 |
|
|
|
1,501 |
|
4.375%, 01/23/2031 |
|
|
465 |
|
|
|
445 |
|
|
|
|
|
|
|
|
11,722 |
|
|
|
|
|
|
|
|
|
|
Uzbekistan — 0.3% |
|
|
|
|
Republic of Uzbekistan International Bond MTN |
|
|
|
|
|
|
|
|
5.375%, 02/20/2029 |
|
|
744 |
|
|
|
666 |
|
Uzauto Motors AJ |
|
|
|
|
|
|
|
|
4.850%, 05/04/2026 (A) |
|
|
1,310 |
|
|
|
1,138 |
|
4.850%, 05/04/2026 |
|
|
769 |
|
|
|
668 |
|
Uzbekneftegaz JSC |
|
|
|
|
|
|
|
|
4.750%, 11/16/2028 (A) |
|
|
810 |
|
|
|
652 |
|
|
|
|
|
|
|
|
3,124 |
|
|
|
|
|
|
|
|
|
|
Venezuela — 0.3% |
|
|
|
|
Petroleos de Venezuela |
|
|
|
|
|
|
|
|
9.750%, 05/17/2035 (G) |
|
|
1,000 |
|
|
|
52 |
|
9.000%, 11/17/2021 (E)(G) |
|
|
4,300 |
|
|
|
226 |
|
6.000%, 05/16/2024 (G) |
|
|
10,192 |
|
|
|
535 |
|
6.000%, 05/16/2024 (G) |
|
|
7,785 |
|
|
|
409 |
|
6.000%, 11/15/2026 (G) |
|
|
12,470 |
|
|
|
655 |
|
5.500%, 04/12/2037 (G) |
|
|
1,740 |
|
|
|
91 |
|
5.375%, 04/12/2027 (G) |
|
|
4,563 |
|
|
|
240 |
|
|
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
GLOBAL BONDS (continued) |
Venezuela Government International Bond |
|
|
|
|
|
|
|
|
9.250%, 05/07/2028 (G) |
|
$ |
2,941 |
|
|
$ |
287 |
|
8.250%, 10/13/2024 (G) |
|
|
3,304 |
|
|
|
297 |
|
7.750%, 10/13/2019 (G) |
|
|
3,976 |
|
|
|
258 |
|
|
|
|
|
|
|
|
3,050 |
|
|
|
|
|
|
|
|
|
|
Vietnam — 0.1% |
|
|
|
|
Mong Duong Finance Holdings BV |
|
|
|
|
|
|
|
|
5.125%, 05/07/2029 (A) |
|
|
1,175 |
|
|
|
1,062 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zambia — 1.0% |
|
|
|
|
Zambia Government Bond |
|
|
|
|
|
|
|
|
13.000%, 08/29/2026 |
|
ZMW |
1,375 |
|
|
|
53 |
|
13.000%, 12/18/2027 |
|
|
5,630 |
|
|
|
194 |
|
13.000%, 01/25/2031 |
|
|
54,942 |
|
|
|
1,548 |
|
11.000%, 01/25/2026 |
|
|
18,620 |
|
|
|
736 |
|
11.000%, 06/28/2026 |
|
|
78,885 |
|
|
|
2,968 |
|
10.000%, 06/28/2024 |
|
|
47,905 |
|
|
|
2,178 |
|
Zambia Government International Bond |
|
|
|
|
|
|
|
|
8.970%, 07/30/2027 (G) |
|
$ |
3,131 |
|
|
|
1,697 |
|
8.500%, 04/14/2024 (G) |
|
|
560 |
|
|
|
306 |
|
5.375%, 09/20/2023 (G) |
|
|
4,431 |
|
|
|
2,172 |
|
5.375%, 09/20/2023 (A)(G) |
|
|
299 |
|
|
|
147 |
|
|
|
|
|
|
|
|
11,999 |
|
|
|
|
|
|
|
|
|
|
Total Global Bonds |
|
|
|
|
|
|
|
|
(Cost $1,284,714) ($ Thousands) |
|
|
|
|
|
|
1,139,589 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. TREASURY OBLIGATION — 0.2% |
U.S. Treasury Bill |
|
|
|
|
|
|
|
|
0.000%, 12/07/2023 (H) |
|
|
2,041 |
|
|
|
2,022 |
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligation |
|
|
|
|
|
|
|
|
(Cost $2,022) ($ Thousands) |
|
|
2,022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
|
|
|
|
AFFILIATED PARTNERSHIP — 1.2% |
SEI Liquidity Fund, LP |
|
|
|
|
|
|
|
|
5.410% **†(I) |
|
|
14,519,341 |
|
|
|
14,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Affiliated Partnership |
|
|
|
|
|
|
|
|
(Cost $14,520) ($ Thousands) |
|
|
14,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments in Securities — 96.8% |
|
|
|
|
|
|
|
|
(Cost $1,301,256) ($ Thousands) |
|
$ |
1,156,136 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Continued)
A list of the open futures contracts held by the Fund at September 30, 2023, is as follows:
Type of Contract |
|
Number of
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (Thousands) |
|
|
Value
(Thousands) |
|
|
Unrealized Appreciation/
(Depreciation)(Thousands) |
|
Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro-Bobl |
|
|
18 |
|
|
|
Dec-2023 |
|
|
$ |
2,294 |
|
|
$ |
2,206 |
|
|
$ |
(32 |
) |
Euro-Schatz |
|
|
10 |
|
|
|
Dec-2023 |
|
|
|
1,140 |
|
|
|
1,112 |
|
|
|
(5 |
) |
Korea 3-Year Bond |
|
|
94 |
|
|
|
Dec-2023 |
|
|
|
7,314 |
|
|
|
7,178 |
|
|
|
(9 |
) |
U.S. 2-Year Treasury Note |
|
|
61 |
|
|
|
Dec-2023 |
|
|
|
12,421 |
|
|
|
12,365 |
|
|
|
(55 |
) |
U.S. 5-Year Treasury Note |
|
|
207 |
|
|
|
Dec-2023 |
|
|
|
22,027 |
|
|
|
21,809 |
|
|
|
(218 |
) |
U.S. 10-Year Treasury Note |
|
|
59 |
|
|
|
Dec-2023 |
|
|
|
6,514 |
|
|
|
6,376 |
|
|
|
(138 |
) |
U.S. Long Treasury Bond |
|
|
37 |
|
|
|
Dec-2023 |
|
|
|
4,454 |
|
|
|
4,210 |
|
|
|
(244 |
) |
U.S. Ultra Long Treasury Bond |
|
|
16 |
|
|
|
Dec-2023 |
|
|
|
2,002 |
|
|
|
1,899 |
|
|
|
(103 |
) |
|
|
|
|
|
|
|
|
|
|
|
58,166 |
|
|
|
57,155 |
|
|
|
(804 |
) |
Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro-Bund |
|
|
(122 |
) |
|
|
Dec-2023 |
|
|
$ |
(17,122 |
) |
|
$ |
(16,616 |
) |
|
$ |
315 |
|
Euro-Buxl |
|
|
(29 |
) |
|
|
Dec-2023 |
|
|
|
(4,027 |
) |
|
|
(3,757 |
) |
|
|
225 |
|
|
|
|
|
|
|
|
|
|
|
|
(21,149 |
) |
|
|
(20,373 |
) |
|
|
540 |
|
|
|
|
|
|
|
|
|
|
|
$ |
37,017 |
|
|
$ |
36,782 |
|
|
$ |
(264 |
) |
A list of the open forward foreign currency contracts held by the Fund at September 30, 2023, is as follows:
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
Barclays PLC |
|
|
10/03/23 |
|
|
|
USD |
|
|
|
1,403 |
|
|
|
BRL |
|
|
|
6,843 |
|
|
$ |
(36 |
) |
Barclays PLC |
|
|
10/04/23 |
|
|
|
EUR |
|
|
|
9,563 |
|
|
|
USD |
|
|
|
10,393 |
|
|
|
268 |
|
Barclays PLC |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
688 |
|
|
|
BRL |
|
|
|
3,382 |
|
|
|
(15 |
) |
Barclays PLC |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
1,190 |
|
|
|
TRY |
|
|
|
33,230 |
|
|
|
(73 |
) |
Barclays PLC |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
3,021 |
|
|
|
EUR |
|
|
|
2,830 |
|
|
|
(14 |
) |
Barclays PLC |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
4,551 |
|
|
|
CNY |
|
|
|
32,868 |
|
|
|
15 |
|
Barclays PLC |
|
|
12/20/23 |
|
|
|
PLN |
|
|
|
6,818 |
|
|
|
EUR |
|
|
|
1,464 |
|
|
|
(2 |
) |
Barclays PLC |
|
|
12/20/23 |
|
|
|
TRY |
|
|
|
33,230 |
|
|
|
USD |
|
|
|
1,255 |
|
|
|
138 |
|
Barclays PLC |
|
|
12/20/23 |
|
|
|
HUF |
|
|
|
150,000 |
|
|
|
USD |
|
|
|
422 |
|
|
|
18 |
|
Barclays PLC |
|
|
12/20/23 |
|
|
|
HUF |
|
|
|
1,066,860 |
|
|
|
USD |
|
|
|
2,865 |
|
|
|
(9 |
) |
Barclays PLC |
|
|
12/20/23 |
|
|
|
COP |
|
|
|
5,336,463 |
|
|
|
USD |
|
|
|
1,301 |
|
|
|
8 |
|
BNP Paribas |
|
|
11/14/23 |
|
|
|
HUF |
|
|
|
366,813 |
|
|
|
EUR |
|
|
|
910 |
|
|
|
(28 |
) |
BNP Paribas |
|
|
11/20/23 |
|
|
|
EUR |
|
|
|
965 |
|
|
|
PLN |
|
|
|
4,486 |
|
|
|
3 |
|
BNP Paribas |
|
|
11/21/23 |
|
|
|
CZK |
|
|
|
23,754 |
|
|
|
EUR |
|
|
|
964 |
|
|
|
(8 |
) |
BNP Paribas |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
105 |
|
|
|
THB |
|
|
|
3,691 |
|
|
|
(3 |
) |
BNP Paribas |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
4,670 |
|
|
|
CNY |
|
|
|
33,729 |
|
|
|
16 |
|
BNP Paribas |
|
|
12/20/23 |
|
|
|
ZAR |
|
|
|
7,027 |
|
|
|
USD |
|
|
|
366 |
|
|
|
(4 |
) |
BNP Paribas |
|
|
12/20/23 |
|
|
|
THB |
|
|
|
15,575 |
|
|
|
USD |
|
|
|
427 |
|
|
|
(4 |
) |
Citigroup |
|
|
10/03/23 |
|
|
|
BRL |
|
|
|
1,478 |
|
|
|
USD |
|
|
|
300 |
|
|
|
5 |
|
Citigroup |
|
|
10/03/23 |
|
|
|
USD |
|
|
|
1,517 |
|
|
|
BRL |
|
|
|
7,394 |
|
|
|
(40 |
) |
Citigroup |
|
|
10/04/23 |
|
|
|
EUR |
|
|
|
867 |
|
|
|
USD |
|
|
|
929 |
|
|
|
11 |
|
Citigroup |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
6,169 |
|
|
|
EUR |
|
|
|
5,759 |
|
|
|
(71 |
) |
Citigroup |
|
|
10/05/23 |
|
|
|
USD |
|
|
|
2,098 |
|
|
|
ZAR |
|
|
|
39,409 |
|
|
|
(7 |
) |
Citigroup |
|
|
10/06/23 |
|
|
|
USD |
|
|
|
1,007 |
|
|
|
IDR |
|
|
|
15,355,443 |
|
|
|
(13 |
) |
Citigroup |
|
|
10/06/23 |
|
|
|
USD |
|
|
|
1,811 |
|
|
|
THB |
|
|
|
64,267 |
|
|
|
(45 |
) |
Citigroup |
|
|
10/18/23 |
|
|
|
USD |
|
|
|
2,106 |
|
|
|
PEN |
|
|
|
7,767 |
|
|
|
(58 |
) |
Citigroup |
|
|
10/18/23 |
|
|
|
PEN |
|
|
|
6,549 |
|
|
|
USD |
|
|
|
1,768 |
|
|
|
40 |
|
Citigroup |
|
|
10/20/23 |
|
|
|
EUR |
|
|
|
159 |
|
|
|
USD |
|
|
|
170 |
|
|
|
1 |
|
Citigroup |
|
|
10/20/23 |
|
|
|
USD |
|
|
|
2,228 |
|
|
|
EUR |
|
|
|
2,044 |
|
|
|
(63 |
) |
Citigroup |
|
|
11/02/23 |
|
|
|
EUR |
|
|
|
31,226 |
|
|
|
USD |
|
|
|
33,186 |
|
|
|
89 |
|
SEI Institutional International Trust
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
Citigroup |
|
|
11/02/23 |
|
|
|
EUR |
|
|
|
1,160 |
|
|
|
USD |
|
|
|
1,229 |
|
|
$ |
— |
|
Citigroup |
|
|
11/10/23 |
|
|
|
UYU |
|
|
|
63,341 |
|
|
|
USD |
|
|
|
1,664 |
|
|
|
23 |
|
Citigroup |
|
|
11/13/23 |
|
|
|
USD |
|
|
|
1,985 |
|
|
|
CZK |
|
|
|
45,290 |
|
|
|
(18 |
) |
Citigroup |
|
|
11/13/23 |
|
|
|
PLN |
|
|
|
8,513 |
|
|
|
USD |
|
|
|
1,979 |
|
|
|
31 |
|
Citigroup |
|
|
11/13/23 |
|
|
|
CZK |
|
|
|
45,290 |
|
|
|
USD |
|
|
|
1,986 |
|
|
|
19 |
|
Citigroup |
|
|
11/14/23 |
|
|
|
EUR |
|
|
|
458 |
|
|
|
HUF |
|
|
|
178,970 |
|
|
|
(1 |
) |
Citigroup |
|
|
11/14/23 |
|
|
|
HUF |
|
|
|
108,943 |
|
|
|
EUR |
|
|
|
277 |
|
|
|
(1 |
) |
Citigroup |
|
|
11/20/23 |
|
|
|
EUR |
|
|
|
958 |
|
|
|
PLN |
|
|
|
4,505 |
|
|
|
15 |
|
Citigroup |
|
|
11/20/23 |
|
|
|
RON |
|
|
|
1,368 |
|
|
|
EUR |
|
|
|
274 |
|
|
|
— |
|
Citigroup |
|
|
11/20/23 |
|
|
|
PLN |
|
|
|
4,569 |
|
|
|
EUR |
|
|
|
986 |
|
|
|
1 |
|
Citigroup |
|
|
11/20/23 |
|
|
|
PLN |
|
|
|
4,390 |
|
|
|
EUR |
|
|
|
944 |
|
|
|
(3 |
) |
Citigroup |
|
|
11/21/23 |
|
|
|
EUR |
|
|
|
961 |
|
|
|
CZK |
|
|
|
23,771 |
|
|
|
13 |
|
Citigroup |
|
|
11/21/23 |
|
|
|
USD |
|
|
|
2,072 |
|
|
|
ILS |
|
|
|
7,761 |
|
|
|
(28 |
) |
Citigroup |
|
|
11/21/23 |
|
|
|
ILS |
|
|
|
7,706 |
|
|
|
USD |
|
|
|
2,017 |
|
|
|
(12 |
) |
Citigroup |
|
|
11/21/23 |
|
|
|
CZK |
|
|
|
23,754 |
|
|
|
EUR |
|
|
|
966 |
|
|
|
(6 |
) |
Citigroup |
|
|
12/04/23 |
|
|
|
USD |
|
|
|
2,009 |
|
|
|
BRL |
|
|
|
9,941 |
|
|
|
(39 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
657 |
|
|
|
CNY |
|
|
|
4,778 |
|
|
|
6 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
838 |
|
|
|
COP |
|
|
|
3,348,573 |
|
|
|
(26 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
1,361 |
|
|
|
MXN |
|
|
|
24,175 |
|
|
|
12 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
1,772 |
|
|
|
THB |
|
|
|
64,370 |
|
|
|
9 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
2,457 |
|
|
|
CZK |
|
|
|
54,590 |
|
|
|
(88 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
2,654 |
|
|
|
ZAR |
|
|
|
50,907 |
|
|
|
30 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
863 |
|
|
|
CLP |
|
|
|
780,411 |
|
|
|
6 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
2,081 |
|
|
|
CLP |
|
|
|
1,858,242 |
|
|
|
(12 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
3,341 |
|
|
|
EUR |
|
|
|
3,114 |
|
|
|
(32 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
4,087 |
|
|
|
KZT |
|
|
|
1,946,109 |
|
|
|
(123 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
5,378 |
|
|
|
PHP |
|
|
|
305,557 |
|
|
|
17 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
6,047 |
|
|
|
PEN |
|
|
|
22,451 |
|
|
|
(138 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
6,302 |
|
|
|
SGD |
|
|
|
8,540 |
|
|
|
(20 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
9,163 |
|
|
|
RON |
|
|
|
42,480 |
|
|
|
(128 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
PLN |
|
|
|
14,285 |
|
|
|
USD |
|
|
|
3,286 |
|
|
|
22 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
PLN |
|
|
|
4,442 |
|
|
|
EUR |
|
|
|
958 |
|
|
|
3 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
PLN |
|
|
|
10,731 |
|
|
|
EUR |
|
|
|
2,305 |
|
|
|
(2 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
ZMW |
|
|
|
6,897 |
|
|
|
USD |
|
|
|
330 |
|
|
|
4 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
ZMW |
|
|
|
13,449 |
|
|
|
USD |
|
|
|
623 |
|
|
|
(14 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
ZAR |
|
|
|
80,055 |
|
|
|
USD |
|
|
|
4,197 |
|
|
|
(23 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
HUF |
|
|
|
126,000 |
|
|
|
USD |
|
|
|
345 |
|
|
|
6 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
THB |
|
|
|
139,919 |
|
|
|
USD |
|
|
|
3,883 |
|
|
|
12 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
KRW |
|
|
|
301,503 |
|
|
|
USD |
|
|
|
230 |
|
|
|
5 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
CLP |
|
|
|
1,950,809 |
|
|
|
USD |
|
|
|
2,177 |
|
|
|
5 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
COP |
|
|
|
27,858,825 |
|
|
|
USD |
|
|
|
6,773 |
|
|
|
19 |
|
Citigroup |
|
|
12/20/23 |
|
|
|
COP |
|
|
|
8,812,670 |
|
|
|
USD |
|
|
|
2,082 |
|
|
|
(55 |
) |
Citigroup |
|
|
12/20/23 |
|
|
|
IDR |
|
|
|
50,153,689 |
|
|
|
USD |
|
|
|
3,282 |
|
|
|
44 |
|
Citigroup |
|
|
03/20/24 |
|
|
|
USD |
|
|
|
644 |
|
|
|
NGN |
|
|
|
400,248 |
|
|
|
(196 |
) |
Citigroup |
|
|
03/20/24 |
|
|
|
NGN |
|
|
|
400,248 |
|
|
|
USD |
|
|
|
601 |
|
|
|
153 |
|
Deutsche Bank |
|
|
11/13/23 |
|
|
|
USD |
|
|
|
1,971 |
|
|
|
PLN |
|
|
|
8,513 |
|
|
|
(22 |
) |
Goldman Sachs |
|
|
10/04/23 |
|
|
|
EUR |
|
|
|
226 |
|
|
|
USD |
|
|
|
242 |
|
|
|
2 |
|
Goldman Sachs |
|
|
10/05/23 |
|
|
|
USD |
|
|
|
2,108 |
|
|
|
ZAR |
|
|
|
39,614 |
|
|
|
(5 |
) |
Goldman Sachs |
|
|
10/18/23 |
|
|
|
PEN |
|
|
|
2,596 |
|
|
|
USD |
|
|
|
698 |
|
|
|
14 |
|
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Continued)
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
Goldman Sachs |
|
|
11/03/23 |
|
|
|
USD |
|
|
|
1,154 |
|
|
|
BRL |
|
|
|
5,826 |
|
|
$ |
5 |
|
Goldman Sachs |
|
|
11/13/23 |
|
|
|
MXN |
|
|
|
17,698 |
|
|
|
USD |
|
|
|
996 |
|
|
|
(16 |
) |
Goldman Sachs |
|
|
11/14/23 |
|
|
|
EUR |
|
|
|
960 |
|
|
|
HUF |
|
|
|
377,734 |
|
|
|
4 |
|
Goldman Sachs |
|
|
11/14/23 |
|
|
|
HUF |
|
|
|
751,626 |
|
|
|
EUR |
|
|
|
1,895 |
|
|
|
(24 |
) |
Goldman Sachs |
|
|
11/21/23 |
|
|
|
EUR |
|
|
|
959 |
|
|
|
CZK |
|
|
|
23,661 |
|
|
|
10 |
|
Goldman Sachs |
|
|
11/21/23 |
|
|
|
USD |
|
|
|
177 |
|
|
|
ILS |
|
|
|
677 |
|
|
|
2 |
|
Goldman Sachs |
|
|
11/21/23 |
|
|
|
USD |
|
|
|
2,055 |
|
|
|
ILS |
|
|
|
7,718 |
|
|
|
(22 |
) |
Goldman Sachs |
|
|
11/21/23 |
|
|
|
ILS |
|
|
|
7,508 |
|
|
|
USD |
|
|
|
1,956 |
|
|
|
(22 |
) |
Goldman Sachs |
|
|
12/04/23 |
|
|
|
USD |
|
|
|
2,388 |
|
|
|
BRL |
|
|
|
11,819 |
|
|
|
(45 |
) |
Goldman Sachs |
|
|
12/04/23 |
|
|
|
BRL |
|
|
|
10,422 |
|
|
|
USD |
|
|
|
2,059 |
|
|
|
(7 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
229 |
|
|
|
COP |
|
|
|
946,465 |
|
|
|
— |
|
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
295 |
|
|
|
IDR |
|
|
|
4,564,752 |
|
|
|
— |
|
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
564 |
|
|
|
ZAR |
|
|
|
10,766 |
|
|
|
3 |
|
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
840 |
|
|
|
ZAR |
|
|
|
15,884 |
|
|
|
(3 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
1,934 |
|
|
|
THB |
|
|
|
67,899 |
|
|
|
(55 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
2,836 |
|
|
|
EUR |
|
|
|
2,636 |
|
|
|
(34 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
3,038 |
|
|
|
PEN |
|
|
|
11,338 |
|
|
|
(54 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
3,134 |
|
|
|
TRY |
|
|
|
90,950 |
|
|
|
(76 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
4,036 |
|
|
|
PLN |
|
|
|
17,510 |
|
|
|
(34 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
7,579 |
|
|
|
HUF |
|
|
|
2,769,287 |
|
|
|
(119 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
11,618 |
|
|
|
INR |
|
|
|
966,430 |
|
|
|
(26 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
PLN |
|
|
|
12,095 |
|
|
|
USD |
|
|
|
2,788 |
|
|
|
24 |
|
Goldman Sachs |
|
|
12/20/23 |
|
|
|
MXN |
|
|
|
19,469 |
|
|
|
USD |
|
|
|
1,107 |
|
|
|
1 |
|
Goldman Sachs |
|
|
12/20/23 |
|
|
|
CNY |
|
|
|
22,461 |
|
|
|
USD |
|
|
|
3,084 |
|
|
|
(36 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
TRY |
|
|
|
32,900 |
|
|
|
USD |
|
|
|
1,178 |
|
|
|
73 |
|
Goldman Sachs |
|
|
12/20/23 |
|
|
|
ZAR |
|
|
|
35,040 |
|
|
|
USD |
|
|
|
1,802 |
|
|
|
(45 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
THB |
|
|
|
81,830 |
|
|
|
USD |
|
|
|
2,258 |
|
|
|
(6 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
PHP |
|
|
|
83,145 |
|
|
|
USD |
|
|
|
1,465 |
|
|
|
(3 |
) |
Goldman Sachs |
|
|
12/20/23 |
|
|
|
CZK |
|
|
|
116,820 |
|
|
|
USD |
|
|
|
5,265 |
|
|
|
194 |
|
Goldman Sachs |
|
|
12/20/23 |
|
|
|
COP |
|
|
|
12,238,720 |
|
|
|
USD |
|
|
|
3,027 |
|
|
|
60 |
|
Goldman Sachs |
|
|
12/20/23 |
|
|
|
COP |
|
|
|
21,833,045 |
|
|
|
USD |
|
|
|
5,179 |
|
|
|
(114 |
) |
Goldman Sachs |
|
|
03/20/24 |
|
|
|
USD |
|
|
|
822 |
|
|
|
NGN |
|
|
|
515,679 |
|
|
|
(245 |
) |
JPMorgan Chase Bank |
|
|
10/03/23 |
|
|
|
BRL |
|
|
|
2,643 |
|
|
|
USD |
|
|
|
551 |
|
|
|
23 |
|
JPMorgan Chase Bank |
|
|
10/04/23 |
|
|
|
USD |
|
|
|
515 |
|
|
|
EUR |
|
|
|
479 |
|
|
|
(8 |
) |
JPMorgan Chase Bank |
|
|
10/05/23 |
|
|
|
USD |
|
|
|
2,179 |
|
|
|
ZAR |
|
|
|
41,018 |
|
|
|
(2 |
) |
JPMorgan Chase Bank |
|
|
10/05/23 |
|
|
|
USD |
|
|
|
3,388 |
|
|
|
IDR |
|
|
|
52,394,122 |
|
|
|
2 |
|
JPMorgan Chase Bank |
|
|
10/05/23 |
|
|
|
USD |
|
|
|
127 |
|
|
|
IDR |
|
|
|
1,938,693 |
|
|
|
(2 |
) |
JPMorgan Chase Bank |
|
|
10/05/23 |
|
|
|
HUF |
|
|
|
765,390 |
|
|
|
EUR |
|
|
|
1,977 |
|
|
|
8 |
|
JPMorgan Chase Bank |
|
|
10/05/23 |
|
|
|
IDR |
|
|
|
54,332,815 |
|
|
|
USD |
|
|
|
3,541 |
|
|
|
25 |
|
JPMorgan Chase Bank |
|
|
10/06/23 |
|
|
|
THB |
|
|
|
72,005 |
|
|
|
USD |
|
|
|
1,960 |
|
|
|
(18 |
) |
JPMorgan Chase Bank |
|
|
10/11/23 |
|
|
|
USD |
|
|
|
752 |
|
|
|
INR |
|
|
|
62,286 |
|
|
|
(2 |
) |
JPMorgan Chase Bank |
|
|
10/11/23 |
|
|
|
USD |
|
|
|
895 |
|
|
|
IDR |
|
|
|
13,692,035 |
|
|
|
(10 |
) |
JPMorgan Chase Bank |
|
|
10/13/23 |
|
|
|
PEN |
|
|
|
10,653 |
|
|
|
USD |
|
|
|
2,878 |
|
|
|
69 |
|
JPMorgan Chase Bank |
|
|
10/16/23 |
|
|
|
USD |
|
|
|
15 |
|
|
|
HUF |
|
|
|
5,126 |
|
|
|
(1 |
) |
JPMorgan Chase Bank |
|
|
10/16/23 |
|
|
|
USD |
|
|
|
189 |
|
|
|
ZAR |
|
|
|
3,408 |
|
|
|
(8 |
) |
JPMorgan Chase Bank |
|
|
10/16/23 |
|
|
|
USD |
|
|
|
2,388 |
|
|
|
PHP |
|
|
|
132,908 |
|
|
|
(39 |
) |
JPMorgan Chase Bank |
|
|
10/16/23 |
|
|
|
HUF |
|
|
|
168,423 |
|
|
|
USD |
|
|
|
467 |
|
|
|
9 |
|
JPMorgan Chase Bank |
|
|
10/16/23 |
|
|
|
ZAR |
|
|
|
1,543 |
|
|
|
USD |
|
|
|
85 |
|
|
|
3 |
|
JPMorgan Chase Bank |
|
|
10/16/23 |
|
|
|
ZAR |
|
|
|
322,264 |
|
|
|
USD |
|
|
|
16,931 |
|
|
|
(156 |
) |
SEI Institutional International Trust
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
JPMorgan Chase Bank |
|
|
10/17/23 |
|
|
|
USD |
|
|
|
1,171 |
|
|
|
EGP |
|
|
|
36,587 |
|
|
$ |
11 |
|
JPMorgan Chase Bank |
|
|
10/18/23 |
|
|
|
PEN |
|
|
|
3,750 |
|
|
|
USD |
|
|
|
1,011 |
|
|
|
22 |
|
JPMorgan Chase Bank |
|
|
10/20/23 |
|
|
|
USD |
|
|
|
1,784 |
|
|
|
IDR |
|
|
|
27,401,361 |
|
|
|
(12 |
) |
JPMorgan Chase Bank |
|
|
10/20/23 |
|
|
|
USD |
|
|
|
2,648 |
|
|
|
EUR |
|
|
|
2,429 |
|
|
|
(75 |
) |
JPMorgan Chase Bank |
|
|
10/20/23 |
|
|
|
EUR |
|
|
|
15,174 |
|
|
|
USD |
|
|
|
17,029 |
|
|
|
954 |
|
JPMorgan Chase Bank |
|
|
10/25/23 |
|
|
|
USD |
|
|
|
351 |
|
|
|
IDR |
|
|
|
5,398,100 |
|
|
|
(2 |
) |
JPMorgan Chase Bank |
|
|
10/25/23 |
|
|
|
IDR |
|
|
|
160,044,612 |
|
|
|
USD |
|
|
|
10,414 |
|
|
|
71 |
|
JPMorgan Chase Bank |
|
|
10/27/23 |
|
|
|
USD |
|
|
|
381 |
|
|
|
COP |
|
|
|
1,512,374 |
|
|
|
(10 |
) |
JPMorgan Chase Bank |
|
|
11/06/23 |
|
|
|
USD |
|
|
|
2,296 |
|
|
|
PHP |
|
|
|
125,982 |
|
|
|
(70 |
) |
JPMorgan Chase Bank |
|
|
11/06/23 |
|
|
|
IDR |
|
|
|
52,394,122 |
|
|
|
USD |
|
|
|
3,386 |
|
|
|
2 |
|
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
RON |
|
|
|
854 |
|
|
|
USD |
|
|
|
184 |
|
|
|
2 |
|
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
USD |
|
|
|
2,108 |
|
|
|
MXN |
|
|
|
36,478 |
|
|
|
(23 |
) |
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
USD |
|
|
|
2,137 |
|
|
|
RON |
|
|
|
9,684 |
|
|
|
(76 |
) |
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
USD |
|
|
|
2,887 |
|
|
|
THB |
|
|
|
104,791 |
|
|
|
2 |
|
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
USD |
|
|
|
5,017 |
|
|
|
PLN |
|
|
|
20,653 |
|
|
|
(289 |
) |
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
ZAR |
|
|
|
12,301 |
|
|
|
USD |
|
|
|
645 |
|
|
|
(6 |
) |
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
PLN |
|
|
|
15,065 |
|
|
|
USD |
|
|
|
3,598 |
|
|
|
149 |
|
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
USD |
|
|
|
3,601 |
|
|
|
ZAR |
|
|
|
69,276 |
|
|
|
63 |
|
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
USD |
|
|
|
14,446 |
|
|
|
ZAR |
|
|
|
271,196 |
|
|
|
(101 |
) |
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
CNY |
|
|
|
27,469 |
|
|
|
USD |
|
|
|
3,849 |
|
|
|
26 |
|
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
THB |
|
|
|
105,471 |
|
|
|
USD |
|
|
|
2,974 |
|
|
|
66 |
|
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
MXN |
|
|
|
35,094 |
|
|
|
USD |
|
|
|
2,020 |
|
|
|
15 |
|
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
MXN |
|
|
|
123,001 |
|
|
|
USD |
|
|
|
6,968 |
|
|
|
(61 |
) |
JPMorgan Chase Bank |
|
|
11/13/23 |
|
|
|
KRW |
|
|
|
3,958,471 |
|
|
|
USD |
|
|
|
2,973 |
|
|
|
24 |
|
JPMorgan Chase Bank |
|
|
11/14/23 |
|
|
|
EUR |
|
|
|
958 |
|
|
|
HUF |
|
|
|
376,262 |
|
|
|
3 |
|
JPMorgan Chase Bank |
|
|
11/14/23 |
|
|
|
EUR |
|
|
|
310 |
|
|
|
HUF |
|
|
|
120,552 |
|
|
|
(2 |
) |
JPMorgan Chase Bank |
|
|
11/14/23 |
|
|
|
HUF |
|
|
|
43,663 |
|
|
|
EUR |
|
|
|
112 |
|
|
|
1 |
|
JPMorgan Chase Bank |
|
|
11/14/23 |
|
|
|
HUF |
|
|
|
447,917 |
|
|
|
EUR |
|
|
|
1,121 |
|
|
|
(24 |
) |
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
BRL |
|
|
|
311 |
|
|
|
USD |
|
|
|
63 |
|
|
|
1 |
|
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
USD |
|
|
|
526 |
|
|
|
CLP |
|
|
|
453,279 |
|
|
|
(21 |
) |
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
USD |
|
|
|
1,051 |
|
|
|
PHP |
|
|
|
59,159 |
|
|
|
(6 |
) |
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
PLN |
|
|
|
4,447 |
|
|
|
EUR |
|
|
|
963 |
|
|
|
3 |
|
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
RON |
|
|
|
4,509 |
|
|
|
EUR |
|
|
|
904 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
USD |
|
|
|
4,548 |
|
|
|
HUF |
|
|
|
1,625,290 |
|
|
|
(153 |
) |
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
USD |
|
|
|
6,176 |
|
|
|
BRL |
|
|
|
30,426 |
|
|
|
(136 |
) |
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
USD |
|
|
|
10,000 |
|
|
|
KRW |
|
|
|
13,109,450 |
|
|
|
(231 |
) |
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
KRW |
|
|
|
597,756 |
|
|
|
USD |
|
|
|
454 |
|
|
|
8 |
|
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
CLP |
|
|
|
689,187 |
|
|
|
USD |
|
|
|
798 |
|
|
|
29 |
|
JPMorgan Chase Bank |
|
|
11/20/23 |
|
|
|
HUF |
|
|
|
845,633 |
|
|
|
USD |
|
|
|
2,376 |
|
|
|
89 |
|
JPMorgan Chase Bank |
|
|
11/21/23 |
|
|
|
CZK |
|
|
|
50,633 |
|
|
|
EUR |
|
|
|
2,086 |
|
|
|
15 |
|
JPMorgan Chase Bank |
|
|
12/04/23 |
|
|
|
USD |
|
|
|
6,302 |
|
|
|
CNY |
|
|
|
45,663 |
|
|
|
46 |
|
JPMorgan Chase Bank |
|
|
12/04/23 |
|
|
|
BRL |
|
|
|
5,170 |
|
|
|
USD |
|
|
|
1,027 |
|
|
|
2 |
|
JPMorgan Chase Bank |
|
|
12/04/23 |
|
|
|
BRL |
|
|
|
4,038 |
|
|
|
USD |
|
|
|
798 |
|
|
|
(3 |
) |
JPMorgan Chase Bank |
|
|
12/05/23 |
|
|
|
USD |
|
|
|
637 |
|
|
|
PHP |
|
|
|
36,182 |
|
|
|
2 |
|
JPMorgan Chase Bank |
|
|
12/07/23 |
|
|
|
KRW |
|
|
|
2,725,734 |
|
|
|
USD |
|
|
|
2,019 |
|
|
|
(14 |
) |
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
USD |
|
|
|
109 |
|
|
|
BRL |
|
|
|
551 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
USD |
|
|
|
99 |
|
|
|
BRL |
|
|
|
494 |
|
|
|
(1 |
) |
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
USD |
|
|
|
3,537 |
|
|
|
HUF |
|
|
|
1,258,376 |
|
|
|
(144 |
) |
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
CNY |
|
|
|
7,897 |
|
|
|
USD |
|
|
|
1,093 |
|
|
|
(4 |
) |
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Continued)
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
BRL |
|
|
|
53,628 |
|
|
|
USD |
|
|
|
10,717 |
|
|
$ |
95 |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
BRL |
|
|
|
1,124 |
|
|
|
USD |
|
|
|
222 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
HUF |
|
|
|
103,185 |
|
|
|
USD |
|
|
|
285 |
|
|
|
6 |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
CLP |
|
|
|
1,085,316 |
|
|
|
USD |
|
|
|
1,250 |
|
|
|
41 |
|
JPMorgan Chase Bank |
|
|
12/11/23 |
|
|
|
KRW |
|
|
|
2,424,009 |
|
|
|
USD |
|
|
|
1,845 |
|
|
|
36 |
|
JPMorgan Chase Bank |
|
|
12/12/23 |
|
|
|
USD |
|
|
|
3,096 |
|
|
|
THB |
|
|
|
107,614 |
|
|
|
(121 |
) |
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
338 |
|
|
|
ZAR |
|
|
|
6,560 |
|
|
|
8 |
|
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
EUR |
|
|
|
366 |
|
|
|
CZK |
|
|
|
8,979 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
488 |
|
|
|
GHS |
|
|
|
5,927 |
|
|
|
2 |
|
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
1,057 |
|
|
|
CZK |
|
|
|
24,370 |
|
|
|
1 |
|
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
EUR |
|
|
|
2,085 |
|
|
|
USD |
|
|
|
2,242 |
|
|
|
26 |
|
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
RON |
|
|
|
2,110 |
|
|
|
USD |
|
|
|
448 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
3,097 |
|
|
|
MYR |
|
|
|
14,324 |
|
|
|
(10 |
) |
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
PLN |
|
|
|
3,830 |
|
|
|
USD |
|
|
|
875 |
|
|
|
— |
|
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
PLN |
|
|
|
4,213 |
|
|
|
EUR |
|
|
|
907 |
|
|
|
1 |
|
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
8,663 |
|
|
|
MXN |
|
|
|
153,876 |
|
|
|
76 |
|
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
CZK |
|
|
|
18,997 |
|
|
|
EUR |
|
|
|
772 |
|
|
|
(4 |
) |
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
ZAR |
|
|
|
30,583 |
|
|
|
USD |
|
|
|
1,603 |
|
|
|
(9 |
) |
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
CZK |
|
|
|
116,820 |
|
|
|
USD |
|
|
|
5,240 |
|
|
|
170 |
|
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
CZK |
|
|
|
7,890 |
|
|
|
USD |
|
|
|
342 |
|
|
|
(1 |
) |
JPMorgan Chase Bank |
|
|
12/20/23 |
|
|
|
IDR |
|
|
|
18,409,990 |
|
|
|
USD |
|
|
|
1,206 |
|
|
|
18 |
|
JPMorgan Chase Bank |
|
|
12/28/23 |
|
|
|
USD |
|
|
|
508 |
|
|
|
KZT |
|
|
|
252,369 |
|
|
|
4 |
|
JPMorgan Chase Bank |
|
|
03/20/24 |
|
|
|
USD |
|
|
|
559 |
|
|
|
GHS |
|
|
|
6,585 |
|
|
|
(53 |
) |
Merrill Lynch |
|
|
12/20/23 |
|
|
|
PEN |
|
|
|
2,470 |
|
|
|
USD |
|
|
|
665 |
|
|
|
15 |
|
Midland Walwyn Capital Inc. |
|
|
10/05/23 |
|
|
|
HUF |
|
|
|
735,375 |
|
|
|
EUR |
|
|
|
1,899 |
|
|
|
6 |
|
Midland Walwyn Capital Inc. |
|
|
10/06/23 |
|
|
|
USD |
|
|
|
2,051 |
|
|
|
THB |
|
|
|
72,109 |
|
|
|
(70 |
) |
Midland Walwyn Capital Inc. |
|
|
11/06/23 |
|
|
|
USD |
|
|
|
468 |
|
|
|
ZAR |
|
|
|
8,902 |
|
|
|
3 |
|
Midland Walwyn Capital Inc. |
|
|
11/10/23 |
|
|
|
UYU |
|
|
|
30,922 |
|
|
|
USD |
|
|
|
805 |
|
|
|
4 |
|
Midland Walwyn Capital Inc. |
|
|
11/14/23 |
|
|
|
EUR |
|
|
|
452 |
|
|
|
HUF |
|
|
|
177,181 |
|
|
|
— |
|
Midland Walwyn Capital Inc. |
|
|
11/14/23 |
|
|
|
EUR |
|
|
|
1,833 |
|
|
|
HUF |
|
|
|
716,726 |
|
|
|
(4 |
) |
Midland Walwyn Capital Inc. |
|
|
11/21/23 |
|
|
|
CNY |
|
|
|
1,060 |
|
|
|
USD |
|
|
|
146 |
|
|
|
(1 |
) |
Midland Walwyn Capital Inc. |
|
|
12/07/23 |
|
|
|
USD |
|
|
|
2,023 |
|
|
|
KRW |
|
|
|
2,668,359 |
|
|
|
(33 |
) |
Midland Walwyn Capital Inc. |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
1,489 |
|
|
|
IDR |
|
|
|
22,975,616 |
|
|
|
(6 |
) |
Midland Walwyn Capital Inc. |
|
|
12/20/23 |
|
|
|
MYR |
|
|
|
1,794 |
|
|
|
USD |
|
|
|
385 |
|
|
|
(2 |
) |
Midland Walwyn Capital Inc. |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
1,930 |
|
|
|
THB |
|
|
|
67,899 |
|
|
|
(51 |
) |
Midland Walwyn Capital Inc. |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
2,379 |
|
|
|
MXN |
|
|
|
41,745 |
|
|
|
(8 |
) |
Midland Walwyn Capital Inc. |
|
|
12/20/23 |
|
|
|
CNY |
|
|
|
9,721 |
|
|
|
USD |
|
|
|
1,338 |
|
|
|
(13 |
) |
Midland Walwyn Capital Inc. |
|
|
12/20/23 |
|
|
|
IDR |
|
|
|
6,381,739 |
|
|
|
USD |
|
|
|
418 |
|
|
|
6 |
|
Morgan Stanley |
|
|
10/03/23 |
|
|
|
USD |
|
|
|
13,670 |
|
|
|
BRL |
|
|
|
68,012 |
|
|
|
(82 |
) |
Morgan Stanley |
|
|
10/03/23 |
|
|
|
BRL |
|
|
|
80,005 |
|
|
|
USD |
|
|
|
16,186 |
|
|
|
201 |
|
Morgan Stanley |
|
|
10/05/23 |
|
|
|
HUF |
|
|
|
739,183 |
|
|
|
EUR |
|
|
|
1,911 |
|
|
|
9 |
|
Morgan Stanley |
|
|
10/06/23 |
|
|
|
USD |
|
|
|
1,461 |
|
|
|
IDR |
|
|
|
22,488,286 |
|
|
|
(7 |
) |
Morgan Stanley |
|
|
10/06/23 |
|
|
|
IDR |
|
|
|
33,278,977 |
|
|
|
USD |
|
|
|
2,167 |
|
|
|
14 |
|
Morgan Stanley |
|
|
10/13/23 |
|
|
|
TWD |
|
|
|
65,779 |
|
|
|
USD |
|
|
|
2,053 |
|
|
|
11 |
|
Morgan Stanley |
|
|
10/18/23 |
|
|
|
PEN |
|
|
|
787 |
|
|
|
USD |
|
|
|
212 |
|
|
|
5 |
|
Morgan Stanley |
|
|
11/06/23 |
|
|
|
ZAR |
|
|
|
29,888 |
|
|
|
USD |
|
|
|
1,544 |
|
|
|
(38 |
) |
Morgan Stanley |
|
|
11/14/23 |
|
|
|
HUF |
|
|
|
293,459 |
|
|
|
EUR |
|
|
|
731 |
|
|
|
(19 |
) |
Morgan Stanley |
|
|
11/21/23 |
|
|
|
CZK |
|
|
|
10,480 |
|
|
|
EUR |
|
|
|
430 |
|
|
|
2 |
|
Morgan Stanley |
|
|
11/21/23 |
|
|
|
CNY |
|
|
|
13,515 |
|
|
|
USD |
|
|
|
1,856 |
|
|
|
(25 |
) |
SEI Institutional International Trust
Counterparty |
|
Settlement Date |
|
|
Currency to Deliver
(Thousands) |
|
|
Currency to Receive
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)
(Thousands) |
|
Morgan Stanley |
|
|
12/04/23 |
|
|
|
USD |
|
|
|
16,058 |
|
|
|
BRL |
|
|
|
80,005 |
|
|
$ |
(200 |
) |
Morgan Stanley |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
235 |
|
|
|
THB |
|
|
|
8,504 |
|
|
|
1 |
|
Morgan Stanley |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
1,041 |
|
|
|
MXN |
|
|
|
18,148 |
|
|
|
(11 |
) |
Morgan Stanley |
|
|
12/20/23 |
|
|
|
MXN |
|
|
|
17,930 |
|
|
|
USD |
|
|
|
1,031 |
|
|
|
13 |
|
SCB Securities |
|
|
10/03/23 |
|
|
|
USD |
|
|
|
382 |
|
|
|
BRL |
|
|
|
1,877 |
|
|
|
(7 |
) |
SCB Securities |
|
|
11/17/23 |
|
|
|
CNY |
|
|
|
14,819 |
|
|
|
USD |
|
|
|
2,044 |
|
|
|
(18 |
) |
SCB Securities |
|
|
12/20/23 |
|
|
|
IDR |
|
|
|
4,145,519 |
|
|
|
USD |
|
|
|
267 |
|
|
|
(1 |
) |
Standard Bank |
|
|
10/03/23 |
|
|
|
EUR |
|
|
|
31,226 |
|
|
|
USD |
|
|
|
33,900 |
|
|
|
840 |
|
Standard Bank |
|
|
12/04/23 |
|
|
|
BRL |
|
|
|
16,128 |
|
|
|
USD |
|
|
|
3,272 |
|
|
|
75 |
|
Standard Bank |
|
|
12/07/23 |
|
|
|
EUR |
|
|
|
3,731 |
|
|
|
USD |
|
|
|
4,030 |
|
|
|
68 |
|
Standard Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
917 |
|
|
|
GHS |
|
|
|
10,783 |
|
|
|
(27 |
) |
Standard Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
2,486 |
|
|
|
PHP |
|
|
|
141,177 |
|
|
|
7 |
|
Standard Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
3,042 |
|
|
|
PEN |
|
|
|
11,338 |
|
|
|
(58 |
) |
Standard Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
3,373 |
|
|
|
CZK |
|
|
|
75,090 |
|
|
|
(113 |
) |
Standard Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
4,901 |
|
|
|
THB |
|
|
|
172,590 |
|
|
|
(125 |
) |
Standard Bank |
|
|
12/20/23 |
|
|
|
USD |
|
|
|
6,110 |
|
|
|
KRW |
|
|
|
8,121,460 |
|
|
|
(46 |
) |
Standard Bank |
|
|
12/20/23 |
|
|
|
ZMW |
|
|
|
7,242 |
|
|
|
USD |
|
|
|
338 |
|
|
|
(5 |
) |
Standard Bank |
|
|
12/20/23 |
|
|
|
MYR |
|
|
|
21,759 |
|
|
|
USD |
|
|
|
4,684 |
|
|
|
(4 |
) |
Standard Bank |
|
|
12/20/23 |
|
|
|
CNY |
|
|
|
32,779 |
|
|
|
USD |
|
|
|
4,495 |
|
|
|
(58 |
) |
Standard Bank |
|
|
12/20/23 |
|
|
|
INR |
|
|
|
44,550 |
|
|
|
USD |
|
|
|
535 |
|
|
|
— |
|
Standard Bank |
|
|
12/20/23 |
|
|
|
THB |
|
|
|
90,971 |
|
|
|
USD |
|
|
|
2,529 |
|
|
|
11 |
|
Standard Bank |
|
|
12/20/23 |
|
|
|
TWD |
|
|
|
249,880 |
|
|
|
USD |
|
|
|
7,832 |
|
|
|
21 |
|
Standard Bank |
|
|
12/20/23 |
|
|
|
TWD |
|
|
|
228,360 |
|
|
|
USD |
|
|
|
7,130 |
|
|
|
(9 |
) |
Standard Bank |
|
|
03/20/24 |
|
|
|
USD |
|
|
|
378 |
|
|
|
GHS |
|
|
|
4,452 |
|
|
|
(36 |
) |
Standard Bank |
|
|
03/20/24 |
|
|
|
NGN |
|
|
|
515,679 |
|
|
|
USD |
|
|
|
779 |
|
|
|
202 |
|
State Street |
|
|
10/04/23 |
|
|
|
EUR |
|
|
|
485 |
|
|
|
USD |
|
|
|
525 |
|
|
|
11 |
|
State Street |
|
|
10/18/23 |
|
|
|
USD |
|
|
|
225 |
|
|
|
PEN |
|
|
|
853 |
|
|
|
— |
|
State Street |
|
|
11/14/23 |
|
|
|
EUR |
|
|
|
919 |
|
|
|
HUF |
|
|
|
359,730 |
|
|
|
(1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(244 |
) |
A list of the open OTC swap agreements held by the Fund at September 30, 2023, is 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 DAY BRL - CETIP |
|
|
|
10.755% FIXED |
|
|
|
Annually |
|
|
|
01/02/2025 |
|
|
|
BRL |
|
|
|
7,426 |
|
|
$ |
(2 |
) |
|
$ |
– |
|
|
$ |
(2 |
) |
Goldman Sachs |
|
|
1 DAY BRL - CETIP |
|
|
|
10.7035% FIXED |
|
|
|
Annually |
|
|
|
01/02/2025 |
|
|
|
BRL |
|
|
|
66,859 |
|
|
|
(23 |
) |
|
|
– |
|
|
|
(23 |
) |
Goldman Sachs |
|
|
1 DAY BRL - CETIP |
|
|
|
10.745% FIXED |
|
|
|
Annually |
|
|
|
01/02/2025 |
|
|
|
BRL |
|
|
|
29,931 |
|
|
|
(8 |
) |
|
|
– |
|
|
|
(8 |
) |
Citibank |
|
China 7-DAY Fixing Repo Rate |
|
|
|
2.0847% FIXED |
|
|
|
Quarterly |
|
|
|
07/04/2025 |
|
|
|
CNY |
|
|
|
130,127 |
|
|
|
23 |
|
|
|
– |
|
|
|
23 |
|
Goldman Sachs |
|
|
28-DAY MXN - TIIE |
|
|
|
6.205% |
|
|
|
Monthly |
|
|
|
12/08/2025 |
|
|
|
MXN |
|
|
|
16,624 |
|
|
|
(80 |
) |
|
|
– |
|
|
|
(80 |
) |
Merrill Lynch |
|
|
1 DAY BRL - CETIP |
|
|
|
10.02% FIXED |
|
|
|
Annually |
|
|
|
01/02/2026 |
|
|
|
BRL |
|
|
|
13,865 |
|
|
|
(34 |
) |
|
|
– |
|
|
|
(34 |
) |
Goldman Sachs |
|
|
28-DAY MXN - TIIE |
|
|
|
6.165% |
|
|
|
Monthly |
|
|
|
03/05/2026 |
|
|
|
MXN |
|
|
|
47,200 |
|
|
|
(244 |
) |
|
|
– |
|
|
|
(244 |
) |
JPMorgan Chase |
|
|
28-DAY MXN - TIIE |
|
|
|
6.13% |
|
|
|
Monthly |
|
|
|
06/18/2026 |
|
|
|
MXN |
|
|
|
40,000 |
|
|
|
(222 |
) |
|
|
– |
|
|
|
(222 |
) |
Goldman Sachs |
|
|
28-DAY MXN - TIIE |
|
|
|
6.381% |
|
|
|
Monthly |
|
|
|
09/16/2026 |
|
|
|
MXN |
|
|
|
26,000 |
|
|
|
(142 |
) |
|
|
– |
|
|
|
(142 |
) |
Citibank |
|
China 7-DAY Fixing Repo Rate |
|
|
|
2.4016% FIXED |
|
|
|
Quarterly |
|
|
|
07/04/2028 |
|
|
|
CNY |
|
|
|
60,693 |
|
|
|
28 |
|
|
|
– |
|
|
|
28 |
|
Goldman Sachs |
|
|
5.47% FIXED |
|
|
|
6-MONTH CLP-CLICP |
|
|
|
Semi-Annually |
|
|
|
02/14/2033 |
|
|
|
CLP |
|
|
|
895,943 |
|
|
|
24 |
|
|
|
– |
|
|
|
24 |
|
JPMorgan Chase |
|
|
5.244% FIXED |
|
|
|
6-MONTH CLP-CLICP |
|
|
|
Semi-Annually |
|
|
|
08/07/2033 |
|
|
|
CLP |
|
|
|
765,820 |
|
|
|
36 |
|
|
|
– |
|
|
|
36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(644 |
) |
|
$ |
– |
|
|
$ |
(644 |
) |
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Continued)
A list of the open centrally cleared swap agreements held by the Fund at September 30, 2023, is 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) |
|
1-DAY BRL - CETIP |
|
|
4.835% |
|
|
|
Annually |
|
|
|
01/02/2024 |
|
|
|
BRL |
|
|
|
21,544 |
|
|
$ |
(84 |
) |
|
$ |
– |
|
|
$ |
(84 |
) |
1-DAY BRL - CETIP |
|
|
9.995% |
|
|
|
Annually |
|
|
|
01/02/2026 |
|
|
|
BRL |
|
|
|
21,523 |
|
|
|
(53 |
) |
|
|
– |
|
|
|
(53 |
) |
1-DAY BRL - CETIP |
|
|
11.57% FIXED |
|
|
|
Annually |
|
|
|
01/02/2026 |
|
|
|
BRL |
|
|
|
7,697 |
|
|
|
35 |
|
|
|
– |
|
|
|
35 |
|
10.3% |
|
|
1-DAY BRL - CETIP |
|
|
|
Annually |
|
|
|
01/02/2029 |
|
|
|
BRL |
|
|
|
4,845 |
|
|
|
(46 |
) |
|
|
– |
|
|
|
(46 |
) |
1-DAY BRL - CETIP |
|
|
10.4275% |
|
|
|
Annually |
|
|
|
01/02/2031 |
|
|
|
BRL |
|
|
|
5,871 |
|
|
|
(86 |
) |
|
|
– |
|
|
|
(86 |
) |
1-DAY BRL - BROIS |
|
|
10.17% |
|
|
|
Annually |
|
|
|
01/04/2027 |
|
|
|
BRL |
|
|
|
9,344 |
|
|
|
(35 |
) |
|
|
– |
|
|
|
(35 |
) |
1-DAY BRL - CETIP |
|
|
12.7575% |
|
|
|
Annually |
|
|
|
01/04/2027 |
|
|
|
BRL |
|
|
|
14,990 |
|
|
|
199 |
|
|
|
– |
|
|
|
199 |
|
1-DAY BRL - CETIP |
|
|
12.68% FIXED |
|
|
|
Annually |
|
|
|
01/04/2027 |
|
|
|
BRL |
|
|
|
11,490 |
|
|
|
150 |
|
|
|
– |
|
|
|
150 |
|
1-DAY BRL - CETIP |
|
|
12.67% FIXED |
|
|
|
Annually |
|
|
|
01/04/2027 |
|
|
|
BRL |
|
|
|
13,376 |
|
|
|
170 |
|
|
|
– |
|
|
|
170 |
|
10.28% FIXED |
|
|
COLOMBIA OVERNIGHT INTERBANK REFERENCE RATE |
|
|
|
Quarterly |
|
|
|
06/02/2025 |
|
|
|
COP |
|
|
|
23,303,033 |
|
|
|
(23 |
) |
|
|
– |
|
|
|
(23 |
) |
10.27% FIXED |
|
|
COLOMBIA OVERNIGHT INTERBANK REFERENCE RATE |
|
|
|
Quarterly |
|
|
|
06/05/2025 |
|
|
|
COP |
|
|
|
12,402,628 |
|
|
|
(12 |
) |
|
|
– |
|
|
|
(12 |
) |
10.2905% FIXED |
|
|
COLOMBIA OVERNIGHT INTERBANK REFERENCE RATE |
|
|
|
Quarterly |
|
|
|
06/07/2025 |
|
|
|
COP |
|
|
|
5,000,000 |
|
|
|
(5 |
) |
|
|
– |
|
|
|
(5 |
) |
7.14% |
|
|
COLOMBIA OVERNIGHT INTERBANK REFERENCE RATE |
|
|
|
Quarterly |
|
|
|
01/31/2027 |
|
|
|
COP |
|
|
|
5,450,883 |
|
|
|
74 |
|
|
|
– |
|
|
|
74 |
|
6.395% |
|
|
COLOMBIA OVERNIGHT INTERBANK REFERENCE RATE |
|
|
|
Quarterly |
|
|
|
01/06/2027 |
|
|
|
COP |
|
|
|
752,360 |
|
|
|
14 |
|
|
|
– |
|
|
|
14 |
|
1 DAY FBIL - MIBOR |
|
|
6.67% |
|
|
|
Semi-Annually |
|
|
|
09/15/2028 |
|
|
|
INR |
|
|
|
102,000 |
|
|
|
(3 |
) |
|
|
– |
|
|
|
(3 |
) |
1 DAY FBIL - MIBOR |
|
|
6.585% |
|
|
|
Semi-Annually |
|
|
|
08/11/2025 |
|
|
|
INR |
|
|
|
220,000 |
|
|
|
(6 |
) |
|
|
– |
|
|
|
(6 |
) |
1 DAY FBIL - MIBOR |
|
|
6.4777% |
|
|
|
Semi-Annually |
|
|
|
08/14/2028 |
|
|
|
INR |
|
|
|
99,000 |
|
|
|
(12 |
) |
|
|
– |
|
|
|
(12 |
) |
28-DAY MXN - TIIE |
|
|
8.04% FIXED |
|
|
|
Monthly |
|
|
|
01/07/2028 |
|
|
|
MXN |
|
|
|
23,876 |
|
|
|
(80 |
) |
|
|
– |
|
|
|
(80 |
) |
28-DAY MXN - TIIE |
|
|
8.1447% FIXED |
|
|
|
Monthly |
|
|
|
01/07/2028 |
|
|
|
MXN |
|
|
|
29,415 |
|
|
|
(94 |
) |
|
|
– |
|
|
|
(94 |
) |
28-DAY MXN - TIIE |
|
|
8.5793% FIXED |
|
|
|
Monthly |
|
|
|
02/03/2028 |
|
|
|
MXN |
|
|
|
23,784 |
|
|
|
(55 |
) |
|
|
(2 |
) |
|
|
(53 |
) |
28-DAY MXN - TIIE |
|
|
8.905% |
|
|
|
Monthly |
|
|
|
08/17/2028 |
|
|
|
MXN |
|
|
|
22,189 |
|
|
|
(35 |
) |
|
|
– |
|
|
|
(35 |
) |
28-DAY MXN - TIIE |
|
|
8.935% |
|
|
|
Monthly |
|
|
|
08/17/2028 |
|
|
|
MXN |
|
|
|
22,189 |
|
|
|
(34 |
) |
|
|
– |
|
|
|
(34 |
) |
28-DAY MXN - TIIE |
|
|
8.925% |
|
|
|
Monthly |
|
|
|
08/25/2028 |
|
|
|
MXN |
|
|
|
87,420 |
|
|
|
(136 |
) |
|
|
– |
|
|
|
(136 |
) |
7.64% |
|
|
28-DAY MXN - TIIE |
|
|
|
Monthly |
|
|
|
01/01/2032 |
|
|
|
MXN |
|
|
|
23,014 |
|
|
|
140 |
|
|
|
– |
|
|
|
140 |
|
10.0455% FIXED |
|
|
28-DAY MXN - TIIE |
|
|
|
Monthly |
|
|
|
03/20/2025 |
|
|
|
MXN |
|
|
|
42,233 |
|
|
|
32 |
|
|
|
– |
|
|
|
32 |
|
6.82% |
|
|
28-DAY MXN - TIIE |
|
|
|
Monthly |
|
|
|
09/10/2029 |
|
|
|
MXN |
|
|
|
17,915 |
|
|
|
127 |
|
|
|
– |
|
|
|
127 |
|
6.9225% |
|
|
28-DAY MXN - TIIE |
|
|
|
Monthly |
|
|
|
08/31/2029 |
|
|
|
MXN |
|
|
|
23,050 |
|
|
|
156 |
|
|
|
– |
|
|
|
156 |
|
9.33% FIXED |
|
|
28-DAY MXN - TIIE |
|
|
|
Monthly |
|
|
|
03/25/2026 |
|
|
|
MXN |
|
|
|
59,098 |
|
|
|
73 |
|
|
|
– |
|
|
|
73 |
|
28-DAY MXN - TIIE |
|
|
9.69% FIXED |
|
|
|
Monthly |
|
|
|
07/18/2025 |
|
|
|
MXN |
|
|
|
241,000 |
|
|
|
(245 |
) |
|
|
– |
|
|
|
(245 |
) |
8.3% |
|
|
3-MONTH ZAR - JIBAR |
|
|
|
Quarterly |
|
|
|
09/22/2025 |
|
|
|
ZAR |
|
|
|
53,589 |
|
|
|
8 |
|
|
|
– |
|
|
|
8 |
|
9.02% FIXED |
|
|
COLOMBIA OVERNIGHT INTERBANK REFERENCE RATE |
|
|
|
Quarterly |
|
|
|
08/11/2032 |
|
|
|
COP |
|
|
|
2,184,690 |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
8.37% |
|
|
COLOMBIA OVERNIGHT INTERBANK REFERENCE RATE |
|
|
|
Quarterly |
|
|
|
04/13/2024 |
|
|
|
COP |
|
|
|
11,102,749 |
|
|
|
49 |
|
|
|
– |
|
|
|
49 |
|
3-MONTH ZAR - JIBAR |
|
|
10.21% FIXED |
|
|
|
Quarterly |
|
|
|
01/12/2033 |
|
|
|
ZAR |
|
|
|
40,248 |
|
|
|
(58 |
) |
|
|
– |
|
|
|
(58 |
) |
3-MONTH ZAR - JIBAR |
|
|
10.14% FIXED |
|
|
|
Quarterly |
|
|
|
01/12/2033 |
|
|
|
ZAR |
|
|
|
45,127 |
|
|
|
(69 |
) |
|
|
– |
|
|
|
(69 |
) |
8.44% |
|
|
3-MONTH ZAR - JIBAR |
|
|
|
Quarterly |
|
|
|
09/26/2025 |
|
|
|
ZAR |
|
|
|
53,303 |
|
|
|
1 |
|
|
|
– |
|
|
|
1 |
|
3-MONTH ILS - TELBOR |
|
|
3.1% FIXED |
|
|
|
Quarterly |
|
|
|
01/16/2028 |
|
|
|
ILS |
|
|
|
4,547 |
|
|
|
(57 |
) |
|
|
– |
|
|
|
(57 |
) |
3-MONTH ILS - TELBOR |
|
|
3.1% FIXED |
|
|
|
Quarterly |
|
|
|
01/16/2028 |
|
|
|
ILS |
|
|
|
5,079 |
|
|
|
(64 |
) |
|
|
– |
|
|
|
(64 |
) |
6-MONTH CZK - PRIBOR |
|
|
5.3% |
|
|
|
Semi-Annually |
|
|
|
09/01/2025 |
|
|
|
CZK |
|
|
|
17,208 |
|
|
|
(2 |
) |
|
|
– |
|
|
|
(2 |
) |
10.29% |
|
|
6-MONTH HUF - BUBOR |
|
|
|
Annually |
|
|
|
07/03/2025 |
|
|
|
HUF |
|
|
|
962,429 |
|
|
|
(17 |
) |
|
|
– |
|
|
|
(17 |
) |
10.43% |
|
|
6-MONTH HUF - BUBOR |
|
|
|
Annually |
|
|
|
07/03/2025 |
|
|
|
HUF |
|
|
|
1,588,844 |
|
|
|
(37 |
) |
|
|
– |
|
|
|
(37 |
) |
10.76% |
|
|
6-MONTH HUF - BUBOR |
|
|
|
Annually |
|
|
|
07/11/2025 |
|
|
|
HUF |
|
|
|
1,512,840 |
|
|
|
(58 |
) |
|
|
– |
|
|
|
(58 |
) |
10.085% |
|
|
6-MONTH HUF - BUBOR |
|
|
|
Annually |
|
|
|
07/20/2025 |
|
|
|
HUF |
|
|
|
1,244,350 |
|
|
|
(13 |
) |
|
|
– |
|
|
|
(13 |
) |
1-DAY-CLP - Sinacofi Chile Interbank Rate Avg |
|
|
2.145% |
|
|
|
Semi-Annually |
|
|
|
08/24/2030 |
|
|
|
CLP |
|
|
|
444,725 |
|
|
|
(101 |
) |
|
|
– |
|
|
|
(101 |
) |
2.33% |
|
1-DAY-CLP - Sinacofi Chile Interbank Rate Avg |
|
|
|
Semi-Annually |
|
|
|
06/05/2030 |
|
|
|
CLP |
|
|
|
830,041 |
|
|
|
175 |
|
|
|
– |
|
|
|
175 |
|
6-MONTH CZK - PRIBOR |
|
|
4.353% FIXED |
|
|
|
Semi-Annually |
|
|
|
01/23/2028 |
|
|
|
CZK |
|
|
|
55,908 |
|
|
|
(36 |
) |
|
|
– |
|
|
|
(36 |
) |
SEI Institutional International Trust
Fund Pays |
|
Fund Receives |
|
|
Payment Frequency |
|
|
Termination Date |
|
|
Currency |
|
|
Notional Amount
(Thousands) |
|
|
Value
(Thousands) |
|
|
Upfront Payments/ Receipts
(Thousands) |
|
|
Net Unrealized
Appreciation
(Depreciation)
(Thousands) |
|
6-MONTH CZK - PRIBOR |
|
|
4.7% FIXED |
|
|
|
Semi-Annually |
|
|
|
04/11/2028 |
|
|
|
CZK |
|
|
|
6,630 |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
– |
|
6-MONTH CZK - PRIBOR |
|
|
5.47% |
|
|
|
Semi-Annually |
|
|
|
07/14/2025 |
|
|
|
CZK |
|
|
|
76,740 |
|
|
|
(4 |
) |
|
|
– |
|
|
|
(4 |
) |
6-MONTH CZK - PRIBOR |
|
|
4.185% |
|
|
|
Semi-Annually |
|
|
|
07/25/2028 |
|
|
|
CZK |
|
|
|
36,519 |
|
|
|
(34 |
) |
|
|
– |
|
|
|
(34 |
) |
6-MONTH CZK - PRIBOR |
|
|
5.325% |
|
|
|
Semi-Annually |
|
|
|
07/31/2025 |
|
|
|
CZK |
|
|
|
85,023 |
|
|
|
(11 |
) |
|
|
– |
|
|
|
(11 |
) |
6-MONTH CZK - PRIBOR |
|
|
5.2507% |
|
|
|
Semi-Annually |
|
|
|
08/09/2025 |
|
|
|
CZK |
|
|
|
78,843 |
|
|
|
(13 |
) |
|
|
6 |
|
|
|
(19 |
) |
6-MONTH CZK - PRIBOR |
|
|
4.545% |
|
|
|
Semi-Annually |
|
|
|
08/25/2028 |
|
|
|
CZK |
|
|
|
29,454 |
|
|
|
(7 |
) |
|
|
– |
|
|
|
(7 |
) |
6-MONTH CZK - PRIBOR |
|
|
5.08% |
|
|
|
Semi-Annually |
|
|
|
09/13/2025 |
|
|
|
CZK |
|
|
|
82,269 |
|
|
|
(22 |
) |
|
|
– |
|
|
|
(22 |
) |
1.9865% |
|
|
6-MONTH PLN - WIBOR |
|
|
|
Annually |
|
|
|
03/25/2024 |
|
|
|
PLN |
|
|
|
12,430 |
|
|
|
50 |
|
|
|
– |
|
|
|
50 |
|
5.22% FIXED |
|
|
6-MONTH PLN - WIBOR |
|
|
|
Annually |
|
|
|
05/15/2033 |
|
|
|
PLN |
|
|
|
1,675 |
|
|
|
(7 |
) |
|
|
– |
|
|
|
(7 |
) |
5.1975% FIXED |
|
|
6-MONTH PLN - WIBOR |
|
|
|
Annually |
|
|
|
05/15/2033 |
|
|
|
PLN |
|
|
|
1,675 |
|
|
|
(6 |
) |
|
|
– |
|
|
|
(6 |
) |
5.14% FIXED |
|
|
6-MONTH PLN - WIBOR |
|
|
|
Annually |
|
|
|
05/15/2033 |
|
|
|
PLN |
|
|
|
3,351 |
|
|
|
(10 |
) |
|
|
– |
|
|
|
(10 |
) |
4.5695% |
|
|
6-MONTH PLN - WIBOR |
|
|
|
Annually |
|
|
|
07/21/2033 |
|
|
|
PLN |
|
|
|
2,467 |
|
|
|
18 |
|
|
|
– |
|
|
|
18 |
|
4.77% |
|
|
6-MONTH PLN - WIBOR |
|
|
|
Annually |
|
|
|
09/08/2033 |
|
|
|
PLN |
|
|
|
2,873 |
|
|
|
12 |
|
|
|
– |
|
|
|
12 |
|
4.99% |
|
|
6-MONTH PLN - WIBOR |
|
|
|
Annually |
|
|
|
10/02/2033 |
|
|
|
PLN |
|
|
|
2,722 |
|
|
|
(1 |
) |
|
|
– |
|
|
|
(1 |
) |
5.01% |
|
|
6-MONTH PLN - WIBOR |
|
|
|
Annually |
|
|
|
10/03/2033 |
|
|
|
PLN |
|
|
|
3,244 |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
4.965% |
|
|
6-MONTH PLN - WIBOR |
|
|
|
Annually |
|
|
|
06/29/2028 |
|
|
|
PLN |
|
|
|
5,284 |
|
|
|
(20 |
) |
|
|
– |
|
|
|
(20 |
) |
6-MONTH PLN - WIBOR |
|
|
4.641% FIXED |
|
|
|
Semi-Annually |
|
|
|
08/01/2028 |
|
|
|
PLN |
|
|
|
6,250 |
|
|
|
4 |
|
|
|
– |
|
|
|
4 |
|
4.705% FIXED |
|
|
6-MONTH PLN - WIBOR |
|
|
|
Annually |
|
|
|
08/01/2033 |
|
|
|
PLN |
|
|
|
11,650 |
|
|
|
60 |
|
|
|
1 |
|
|
|
59 |
|
6-MONTH PLN - WIBOR |
|
|
5.262% FIXED |
|
|
|
Semi-Annually |
|
|
|
08/01/2025 |
|
|
|
PLN |
|
|
|
27,500 |
|
|
|
59 |
|
|
|
1 |
|
|
|
58 |
|
6 MONTH HUF - BUBOR |
|
|
9.7167% FIXED |
|
|
|
Semi-Annually |
|
|
|
08/15/2025 |
|
|
|
HUF |
|
|
|
1,261,189 |
|
|
|
4 |
|
|
|
– |
|
|
|
4 |
|
6 MONTH HUF - BUBOR |
|
|
7.04% FIXED |
|
|
|
Semi-Annually |
|
|
|
09/26/2028 |
|
|
|
HUF |
|
|
|
615,300 |
|
|
|
(12 |
) |
|
|
– |
|
|
|
(12 |
) |
5.605% FIXED |
|
|
WIBR6M - GPW BENCHMARK |
|
|
|
Annually |
|
|
|
04/17/2033 |
|
|
|
PLN |
|
|
|
3,097 |
|
|
|
(34 |
) |
|
|
– |
|
|
|
(34 |
) |
China 7-DAY Fixing Repo Rate |
|
|
2.283% |
|
|
|
Quarterly |
|
|
|
08/16/2028 |
|
|
|
CNY |
|
|
|
16,000 |
|
|
|
(9 |
) |
|
|
– |
|
|
|
(9 |
) |
6 MONTH HUF - BUBOR |
|
|
9.68% FIXED |
|
|
|
Semi-Annually |
|
|
|
08/16/2025 |
|
|
|
HUF |
|
|
|
829,544 |
|
|
|
2 |
|
|
|
– |
|
|
|
2 |
|
6 MONTH HUF - BUBOR |
|
|
9.7295% FIXED |
|
|
|
Semi-Annually |
|
|
|
08/18/2025 |
|
|
|
HUF |
|
|
|
759,367 |
|
|
|
5 |
|
|
|
– |
|
|
|
5 |
|
6 MONTH HUF - BUBOR |
|
|
9.8% FIXED |
|
|
|
Semi-Annually |
|
|
|
08/17/2025 |
|
|
|
HUF |
|
|
|
1,502,001 |
|
|
|
12 |
|
|
|
– |
|
|
|
12 |
|
6 MONTH HUF - BUBOR |
|
|
9.8% FIXED |
|
|
|
Semi-Annually |
|
|
|
08/17/2025 |
|
|
|
HUF |
|
|
|
200,929 |
|
|
|
2 |
|
|
|
– |
|
|
|
2 |
|
1-DAY BRL - CETIP |
|
|
6.77% FIXED |
|
|
|
Annually |
|
|
|
01/02/2025 |
|
|
|
BRL |
|
|
|
4,102 |
|
|
|
(48 |
) |
|
|
– |
|
|
|
(48 |
) |
1-DAY BRL - CETIP |
|
|
5.76% |
|
|
|
Annually |
|
|
|
01/02/2024 |
|
|
|
BRL |
|
|
|
8,953 |
|
|
|
(32 |
) |
|
|
– |
|
|
|
(32 |
) |
1-DAY BRL - CETIP |
|
|
6.82% |
|
|
|
Annually |
|
|
|
01/02/2025 |
|
|
|
BRL |
|
|
|
3,362 |
|
|
|
(39 |
) |
|
|
– |
|
|
|
(39 |
) |
1-DAY BRL - CETIP |
|
|
6.455% |
|
|
|
Annually |
|
|
|
01/02/2025 |
|
|
|
BRL |
|
|
|
3,591 |
|
|
|
(45 |
) |
|
|
– |
|
|
|
(45 |
) |
China 7-DAY Fixing Repo Rate |
|
|
2.302% |
|
|
|
Quarterly |
|
|
|
08/29/2028 |
|
|
|
CNY |
|
|
|
16,300 |
|
|
|
(7 |
) |
|
|
– |
|
|
|
(7 |
) |
3-MONTH ZAR - JIBAR |
|
|
7.6725 FIXED |
|
|
|
Quarterly |
|
|
|
01/26/2028 |
|
|
|
ZAR |
|
|
|
78,197 |
|
|
|
(158 |
) |
|
|
– |
|
|
|
(158 |
) |
3-MONTH ZAR - JIBAR |
|
|
7.6672 FIXED |
|
|
|
Quarterly |
|
|
|
01/27/2028 |
|
|
|
ZAR |
|
|
|
11,394 |
|
|
|
(23 |
) |
|
|
– |
|
|
|
(23 |
) |
3-MONTH ZAR - JIBAR |
|
|
7.6797 FIXED |
|
|
|
Quarterly |
|
|
|
02/01/2028 |
|
|
|
ZAR |
|
|
|
27,540 |
|
|
|
(56 |
) |
|
|
– |
|
|
|
(56 |
) |
ZAR-JIBAR-SAFEX |
|
|
8.41 % FIXED |
|
|
|
Quarterly |
|
|
|
06/29/2025 |
|
|
|
ZAR |
|
|
|
266,000 |
|
|
|
(13 |
) |
|
|
– |
|
|
|
(13 |
) |
6-MONTH CZK - PRIBOR |
|
|
5.2525% FIXED |
|
|
|
Semi-Annually |
|
|
|
09/04/2025 |
|
|
|
CZK |
|
|
|
161,752 |
|
|
|
(22 |
) |
|
|
– |
|
|
|
(22 |
) |
6-MONTH CZK - PRIBOR |
|
|
5.2575% FIXED |
|
|
|
Semi-Annually |
|
|
|
09/05/2025 |
|
|
|
CZK |
|
|
|
107,835 |
|
|
|
(14 |
) |
|
|
– |
|
|
|
(14 |
) |
6-MONTH CZK - PRIBOR |
|
|
5.3375% |
|
|
|
Semi-Annually |
|
|
|
08/31/2025 |
|
|
|
CZK |
|
|
|
323,406 |
|
|
|
(24 |
) |
|
|
– |
|
|
|
(24 |
) |
2.175% FIXED |
|
|
THB - THAI OVERNIGHT REPURCHASE RATE (THOR) |
|
|
|
Quarterly |
|
|
|
01/12/2028 |
|
|
|
THB |
|
|
|
35,000 |
|
|
|
33 |
|
|
|
– |
|
|
|
33 |
|
9.49% FIXED |
|
|
28-DAY MXN - TIIE |
|
|
|
Monthly |
|
|
|
09/16/2033 |
|
|
|
MXN |
|
|
|
84,881 |
|
|
|
(4 |
) |
|
|
– |
|
|
|
(4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(567 |
) |
|
$ |
6 |
|
|
$ |
(573 |
) |
|
Percentages are based on Net Assets of $1,194,852 ($ Thousands). |
** |
The rate reported is the 7-day effective yield as of September 30, 2023. |
† |
Investment in Affiliated Security (see Note 5). |
(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 September 30, 2023, the value of these securities amounted to $185,865 ($ Thousands), representing 15.6% of the Net Assets of the Fund. |
(B) |
Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. |
(C) |
Zero coupon security. |
(D) |
Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates. |
(E) |
Certain securities or partial positions of certain securities are on loan at September 30, 2023. |
(F) |
Perpetual security with no stated maturity date. |
(G) |
Security is in default on interest payment. |
(H) |
Interest rate represents the security's effective yield at the time of purchase. |
(I) |
This security was purchased with cash collateral held from securities on loan (see Note 9). The total market value of such securities as of September 30, 2023 was $14,525 ($ Thousands). |
SEI Institutional International Trust
SCHEDULE OF INVESTMENTS
September 30, 2023
Emerging Markets Debt Fund (Concluded)
The following is a summary of the level of inputs used as of September 30, 2023, 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 |
|
|
– |
|
|
|
1,139,589 |
|
|
|
– |
|
|
|
1,139,589 |
|
U.S. Treasury Obligation |
|
|
– |
|
|
|
2,022 |
|
|
|
– |
|
|
|
2,022 |
|
Affiliated Partnership |
|
|
– |
|
|
|
14,525 |
|
|
|
– |
|
|
|
14,525 |
|
Total Investments in Securities |
|
|
– |
|
|
|
1,156,136 |
|
|
|
– |
|
|
|
1,156,136 |
|
Other Financial Instruments |
|
Level 1
($) |
|
|
Level 2
($) |
|
|
Level 3
($) |
|
|
Total
($) |
|
Futures Contracts* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
540 |
|
|
|
– |
|
|
|
– |
|
|
|
540 |
|
Unrealized Depreciation |
|
|
(804 |
) |
|
|
– |
|
|
|
– |
|
|
|
(804 |
) |
Forward Contracts* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
– |
|
|
|
5,213 |
|
|
|
– |
|
|
|
5,213 |
|
Unrealized Depreciation |
|
|
– |
|
|
|
(5,457 |
) |
|
|
– |
|
|
|
(5,457 |
) |
OTC Swaps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Swaps* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
– |
|
|
|
111 |
|
|
|
– |
|
|
|
111 |
|
Unrealized Depreciation |
|
|
– |
|
|
|
(755 |
) |
|
|
– |
|
|
|
(755 |
) |
Centrally Cleared Swaps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Swaps* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
– |
|
|
|
1,662 |
|
|
|
– |
|
|
|
1,662 |
|
Unrealized Depreciation |
|
|
– |
|
|
|
(2,235 |
) |
|
|
– |
|
|
|
(2,235 |
) |
Total Other Financial Instruments |
|
|
(264 |
) |
|
|
(1,461 |
) |
|
|
– |
|
|
|
(1,725 |
) |
*
|
Futures contracts, forwards contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.
|
For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.
The following is a summary of the transactions with affiliates for the year ended September 30, 2023 ($ Thousands):
Security Description |
|
Value 9/30/2022 |
|
|
Purchases at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/(Loss) |
|
|
Change in Unrealized Appreciation/(Depreciation) |
|
|
Value 9/30/2023 |
|
|
Income |
|
|
Capital Gains |
|
SEI Liquidity Fund, LP |
|
$ |
55,210 |
|
|
$ |
173,925 |
|
|
$ |
(214,625 |
) |
|
$ |
5 |
|
|
$ |
10 |
|
|
$ |
14,525 |
|
|
$ |
214 |
|
|
$ |
— |
|
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
The accompanying
notes are an integral part of the financial statements.
SEI Institutional International Trust
Glossary: (abbreviations which may be used in the preceding Schedules of Investments)
Currency Abbreviations |
AUD — Australian Dollar |
BRL — Brazilian Real |
CAD — Canadian Dollar |
CLP — Chilean Peso |
CNH — Chinese Yuan Offshore |
CNY — Chinese Yuan Onshore |
COP — Colombian Peso |
CZK — Czech Koruna |
DKK — Danish Krone |
EUR — Euro |
GHS — Ghanaian Cedi |
HKD — Hong Kong Dollar |
HUF — Hungarian Forint |
IDR — Indonesian Rupiah |
ILS — Israeli New Sheckels |
INR — Indian Rupee |
JPY — Japanese Yen |
KRW — Korean Won |
MXN — Mexican Peso |
MYR — Malaysian Ringgit |
NGN — Nigerian Naira |
NOK — Norwegian Krone |
NZD — New Zealand Dollar |
PEN — Peruvian Nuevo Sol |
PHP— Philippine Peso |
PLN — Polish Zloty |
RON — Romanian Leu |
RSD — Dinar |
RUB — Russian Ruble |
SEK — Swedish Krona |
SGD — Singapore Dollar |
THB — Thai Baht |
TRY — Turkish Lira |
TWD — Taiwan Dollar |
UAH — Ukrainian Hryvnia |
UGX — Ugandan Shilling |
USD — U.S. Dollar |
UYU — Uruguayan Peso |
VND — Vietnamese Dong |
ZAR — South African Rand |
|
Portfolio Abbreviations |
ACES — Alternative Credit Enhancement Structure |
ADR — American Depositary Receipt |
AGC — Assured Guaranty Corporation |
AGM— Assured Guaranty Municipal |
ARM — Adjustable Rate Mortgage |
BPSW5 — GBP Swap 5 Year |
BROIS — Brazil Overnight Index Swap |
BURBOR — Budapest Interbank Offered Rate |
CETIP — Central Custody and Financial Settlement of Securities |
CME — Chicago Mercantile Exchange |
CDO — Collateralized Debt Obligation |
CMTUSD6Y — Constant Maturity Treasury 6 Year |
Cl — Class |
CMO — Collateralized Mortgage Obligation |
CPI — Consumer Price Index |
DAC — Designated Activity Company |
EUAMDBO1 — EURIBOR ICE Swap Rate 11:00am |
EUAMDB05 — EURIBOR ICE Swap Rate 11:00am |
ETF — Exchange-Traded Fund |
EURIBOR — Euro London Interbank Offered Rate |
EUR003M — EURIBOR 3 Month |
EUSA1 — EUR Swap Annual 1 Year |
EUSA5 — EUR Swap Annual 5 Year |
EUSA6 — EUR Swap Annual 6 Year |
EUSA9 — EUR Swap Annual 9 Year |
EUSA12 — EUR Swap Annual 12 Year |
FEDEF — U.S. Federal Funds Effective Rate |
FFCB — Federal Farm Credit Bank |
FHLB — Federal Home Loan Bank |
FHLMC — Federal Home Loan Mortgage Corporation |
FNMA — Federal National Mortgage Association |
GNMA — Government National Mortgage Association |
GO — General Obligation |
GUKG1 — United Kingdom Government Bonds 1 Year Note Generic Bid Yield |
GUKG5 — United Kingdom Government Bonds 5 Year Note Generic Bid Yield |
H15T5Y — US Treasury Curve Rate T Note Constant Maturity 5 Year |
H15T7Y — US Treasury Curve Rate T Note Constant Maturity 7 Year |
IO — Interest Only — face amount represents notional amount |
JIBAR — Johannesburg Interbank Average Rate |
JSC — Joint-Stock Company |
LIBOR— London Interbank Offered Rate |
LLLP — Limited Liability Limited Partnership |
L.P. — Limited Partnership |
MTN — Medium Term Note |
MIBOR — Mumbai Interbank Offered Rate |
MXN TIIE — Mexican Interbank TIIE 28-Day |
NIBOR — Norwegian Interbank Offered Rate |
NVDR — Non-voting Depository Receipt |
OIS — Overnight Index Swap |
OTC — Over The Counter |
PIK — Payment-in-Kind |
PO — Principal Only |
PRIBOR — Prague Interbank Offered Rate |
RB — Revenue Bond |
REIT — Real Estate Investment Trust |
REMIC — Real Estate Mortgage Investment Conduit |
Re-REMIC — Resecuritization of Real Estate Mortgage Investment Conduit |
Ser — Series |
SOFR — Secured Overnight Financing Rate |
SEI Institutional International Trust
Glossary: (abbreviations which may be used in the preceding Schedules of Investments)
(Concluded)
SOFRRATE — U.S. SOFR |
SOFR30A — Secured Overnight Financing Rate 30-day Average |
SOFRINDX — Custom SOFR Index |
SONIA — Sterling Overnight Index Average |
SONIO/N — SONIA Interest Rate Benchmark |
SPDR — Standard & Poor's Depository Receipt |
STACR — Structured Agency Credit Risk |
TBA — To Be Announced |
TSFR3M— CME Term SOFR 3 Month |
TELBOR — Tel Aviv Interbank Offered Rate |
US0003M— ICE LIBOR USD 3 Month |
USSW5— USD Swap Semi 30/360 5 Year Currency |
WIBOR— Warsaw Interbank Offered Rate |
|
SEI Institutional International Trust
STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)
September 30, 2023
|
|
International Equity Fund |
|
|
Emerging Markets Equity Fund |
|
|
International Fixed Income Fund |
|
|
Emerging Markets Debt Fund |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments, at value † |
|
$ |
3,652,643 |
* |
|
$ |
1,369,397 |
* |
|
$ |
421,590 |
|
|
$ |
1,141,611 |
* |
Affiliated investments, at value †† |
|
|
41,540 |
|
|
|
25,720 |
|
|
|
– |
|
|
|
14,525 |
|
Cash |
|
|
56,096 |
|
|
|
18,520 |
|
|
|
3,999 |
|
|
|
19,633 |
|
Cash pledged as collateral for forward foreign currency contracts |
|
|
– |
|
|
|
– |
|
|
|
150 |
|
|
|
2,539 |
|
Cash pledged as collateral for futures contracts |
|
|
2,344 |
|
|
|
696 |
|
|
|
345 |
|
|
|
2,253 |
|
Cash pledged as collateral for swap contracts |
|
|
1,090 |
|
|
|
– |
|
|
|
172 |
|
|
|
3,068 |
|
Foreign currency, at value ††† |
|
|
5,374 |
|
|
|
1,967 |
|
|
|
3,485 |
|
|
|
4,782 |
|
Receivable for fund shares sold |
|
|
1,056 |
|
|
|
403 |
|
|
|
221 |
|
|
|
341 |
|
Receivable for investment securities sold |
|
|
1,418 |
|
|
|
3,540 |
|
|
|
7,128 |
|
|
|
7,790 |
|
Dividends and interest receivable |
|
|
8,091 |
|
|
|
3,123 |
|
|
|
3,285 |
|
|
|
21,860 |
|
Unrealized gain on forward foreign currency contracts |
|
|
– |
|
|
|
– |
|
|
|
8,569 |
|
|
|
5,213 |
|
Unrealized gain on foreign spot currency contracts |
|
|
– |
|
|
|
– |
|
|
|
162 |
|
|
|
40 |
|
Receivable from broker |
|
|
– |
|
|
|
646 |
|
|
|
– |
|
|
|
– |
|
Swap contracts, at value †††† |
|
|
760 |
|
|
|
– |
|
|
|
64 |
|
|
|
111 |
|
Foreign tax reclaim receivable |
|
|
25,209 |
|
|
|
168 |
|
|
|
– |
|
|
|
– |
|
Receivable for variation margin |
|
|
152 |
|
|
|
– |
|
|
|
596 |
|
|
|
5,986 |
|
Prepaid expenses |
|
|
47 |
|
|
|
18 |
|
|
|
5 |
|
|
|
15 |
|
Total Assets |
|
|
3,795,820 |
|
|
|
1,424,198 |
|
|
|
449,771 |
|
|
|
1,229,767 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payable upon return on securities loaned |
|
|
6,980 |
|
|
|
2,566 |
|
|
|
– |
|
|
|
14,515 |
|
Payable for investment securities purchased |
|
|
2,458 |
|
|
|
7,710 |
|
|
|
7,644 |
|
|
|
6,162 |
|
Payable for fund shares redeemed |
|
|
1,541 |
|
|
|
1,411 |
|
|
|
165 |
|
|
|
528 |
|
Swap contracts, at value †††† |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
755 |
|
Payable for variation margin |
|
|
64 |
|
|
|
– |
|
|
|
427 |
|
|
|
5,916 |
|
Administration fees payable |
|
|
993 |
|
|
|
472 |
|
|
|
40 |
|
|
|
343 |
|
Unrealized loss on foreign currency spot contracts |
|
|
4 |
|
|
|
6 |
|
|
|
236 |
|
|
|
102 |
|
Unrealized loss on forward foreign currency contracts |
|
|
– |
|
|
|
– |
|
|
|
2,056 |
|
|
|
5,457 |
|
Trustees fees payable |
|
|
3 |
|
|
|
1 |
|
|
|
– |
|
|
|
1 |
|
Chief compliance officer fees payable |
|
|
7 |
|
|
|
2 |
|
|
|
1 |
|
|
|
2 |
|
Administrative servicing fees payable |
|
|
4 |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
Shareholder servicing fees payable |
|
|
228 |
|
|
|
266 |
|
|
|
88 |
|
|
|
232 |
|
Investment advisory fees payable |
|
|
1,620 |
|
|
|
886 |
|
|
|
98 |
|
|
|
423 |
|
Accrued expense payable |
|
|
660 |
|
|
|
882 |
|
|
|
161 |
|
|
|
479 |
|
Accrued foreign capital gains tax on appreciated securities |
|
|
– |
|
|
|
2,778 |
|
|
|
– |
|
|
|
– |
|
Total Liabilities |
|
|
14,562 |
|
|
|
16,980 |
|
|
|
10,916 |
|
|
|
34,915 |
|
Net Assets |
|
$ |
3,781,258 |
|
|
$ |
1,407,218 |
|
|
$ |
438,855 |
|
|
$ |
1,194,852 |
|
† Cost of investments |
|
$ |
3,410,756 |
|
|
$ |
1,303,818 |
|
|
$ |
491,170 |
|
|
$ |
1,286,736 |
|
†† Cost of affiliated investments |
|
|
41,502 |
|
|
|
25,713 |
|
|
|
– |
|
|
|
14,520 |
|
††† Cost of foreign currency |
|
|
5,374 |
|
|
|
1,934 |
|
|
|
3,506 |
|
|
|
4,641 |
|
†††† Cost (premiums received) |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
* Includes market value of securities on loan |
|
|
6,663 |
|
|
|
2,053 |
|
|
|
– |
|
|
|
13,497 |
|
SEI Institutional International Trust
STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands) (Concluded)
September 30, 2023
|
|
International Equity Fund |
|
|
Emerging Markets Equity Fund |
|
|
International Fixed Income Fund |
|
|
Emerging Markets Debt Fund |
|
Net Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paid-in Capital — (unlimited authorization — no par value) |
|
$ |
3,590,071 |
|
|
$ |
1,501,947 |
|
|
$ |
550,575 |
|
|
$ |
1,577,506 |
|
Total distributable earnings/(loss) |
|
|
191,187 |
|
|
|
(94,729 |
) |
|
|
(111,720 |
) |
|
|
(382,654 |
) |
Net Assets |
|
$ |
3,781,258 |
|
|
$ |
1,407,218 |
|
|
$ |
438,855 |
|
|
$ |
1,194,852 |
|
Net Asset Value, Offering and Redemption Price Per Share — Class F |
|
$ |
10.87 |
|
|
$ |
10.10 |
|
|
$ |
8.23 |
|
|
$ |
8.19 |
|
|
|
|
($3,415,372,047 ÷
314,115,764 shares |
) |
|
|
($1,267,364,632 ÷
125,443,962 shares |
) |
|
|
($384,985,665 ÷
46,755,020 shares |
) |
|
|
($1,102,419,335 ÷
134,545,014 shares |
) |
Net Asset Value, Offering and Redemption Price Per Share — Class I |
|
$ |
10.90 |
|
|
|
N/A |
|
|
|
N/A |
|
|
|
N/A |
|
|
|
|
($929,417 ÷
85,299 shares |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset Value, Offering and Redemption Price Per Share — Class Y |
|
$ |
10.88 |
|
|
$ |
10.11 |
|
|
$ |
8.27 |
|
|
$ |
8.15 |
|
|
|
|
($364,956,529 ÷
33,548,994 shares |
) |
|
|
($139,853,304 ÷
13,827,869 shares |
) |
|
|
($53,869,586 ÷
6,515,851 shares |
) |
|
|
($92,432,751 ÷
11,342,114 shares |
) |
N/A — Not applicable. Share classes currently not offered.
Amounts designated as “—” are $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
SEI Institutional International Trust
STATEMENTS OF OPERATIONS ($ Thousands)
For the year ended September 30, 2023
|
|
International Equity Fund |
|
|
Emerging Markets Equity Fund |
|
|
International Fixed Income Fund |
|
|
Emerging Markets Debt Fund |
|
Investment Income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends |
|
$ |
130,507 |
|
|
$ |
57,877 |
|
|
$ |
– |
|
|
$ |
10 |
|
Income from affiliated investments(1) |
|
|
1,957 |
|
|
|
910 |
|
|
|
– |
|
|
|
– |
|
Interest income |
|
|
2,619 |
|
|
|
851 |
|
|
|
11,079 |
|
|
|
89,256 |
|
Security lending income — net(2)(3) |
|
|
721 |
|
|
|
192 |
|
|
|
– |
|
|
|
214 |
|
Less: foreign taxes withheld |
|
|
(13,621 |
) |
|
|
(8,661 |
) |
|
|
(160 |
) |
|
|
(857 |
) |
Total Investment Income |
|
|
122,183 |
|
|
|
51,169 |
|
|
|
10,919 |
|
|
|
88,623 |
|
Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment advisory fees |
|
|
19,927 |
|
|
|
14,630 |
|
|
|
1,384 |
|
|
|
9,988 |
|
Administration fees |
|
|
12,298 |
|
|
|
6,397 |
|
|
|
2,019 |
|
|
|
5,465 |
|
Shareholder servicing fees — Class F |
|
|
8,960 |
|
|
|
3,321 |
|
|
|
994 |
|
|
|
2,881 |
|
Shareholder servicing fees — Class I |
|
|
2 |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
Administrative servicing fees — Class I |
|
|
2 |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
Custodian/wire agent fees |
|
|
433 |
|
|
|
938 |
|
|
|
98 |
|
|
|
438 |
|
Printing fees |
|
|
432 |
|
|
|
155 |
|
|
|
48 |
|
|
|
132 |
|
Professional fees |
|
|
210 |
|
|
|
76 |
|
|
|
23 |
|
|
|
64 |
|
Trustees' fees |
|
|
100 |
|
|
|
37 |
|
|
|
12 |
|
|
|
32 |
|
Registration fees |
|
|
96 |
|
|
|
37 |
|
|
|
13 |
|
|
|
31 |
|
Chief compliance officer fees |
|
|
25 |
|
|
|
9 |
|
|
|
3 |
|
|
|
9 |
|
Other expenses |
|
|
289 |
|
|
|
139 |
|
|
|
146 |
|
|
|
263 |
|
Total Expenses |
|
|
42,774 |
|
|
|
25,739 |
|
|
|
4,740 |
|
|
|
19,303 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Waiver of investment advisory fees |
|
|
– |
|
|
|
(1,464 |
) |
|
|
(154 |
) |
|
|
(2,873 |
) |
Waiver of administration fees |
|
|
– |
|
|
|
– |
|
|
|
(38 |
) |
|
|
(415 |
) |
Waiver of shareholder servicing fees — Class F |
|
|
(72 |
) |
|
|
– |
|
|
|
– |
|
|
|
– |
|
Net Expenses |
|
|
42,702 |
|
|
|
24,275 |
|
|
|
4,548 |
|
|
|
16,015 |
|
Net Investment Income |
|
|
79,481 |
|
|
|
26,894 |
|
|
|
6,371 |
|
|
|
72,608 |
|
Net Realized Gain (Loss) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments |
|
|
40,142 |
|
|
|
(23,709 |
) |
|
|
(15,979 |
) |
|
|
(76,747 |
) |
Affiliated investments |
|
|
57 |
|
|
|
3 |
|
|
|
– |
|
|
|
5 |
|
Futures contracts |
|
|
4,583 |
|
|
|
2,103 |
|
|
|
1,802 |
|
|
|
(2,500 |
) |
Swap contracts |
|
|
(3,870 |
) |
|
|
– |
|
|
|
231 |
|
|
|
(9,110 |
) |
Pucrhased option contracts |
|
|
– |
|
|
|
– |
|
|
|
14 |
|
|
|
– |
|
Foreign currency transactions |
|
|
(2,325 |
) |
|
|
(4,760 |
) |
|
|
(12,924 |
) |
|
|
(26,439 |
) |
Forward foreign currency contracts |
|
|
– |
|
|
|
– |
|
|
|
(4,581 |
) |
|
|
2,178 |
|
Net Realized Gain (Loss) |
|
|
38,587 |
|
|
|
(26,363 |
) |
|
|
(31,437 |
) |
|
|
(112,613 |
) |
Net Change in Unrealized Appreciation (Depreciation) on: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments |
|
|
807,576 |
|
|
|
167,805 |
|
|
|
41,614 |
|
|
|
189,069 |
|
Affiliated investments |
|
|
15 |
|
|
|
7 |
|
|
|
– |
|
|
|
10 |
|
Futures contracts |
|
|
3,753 |
|
|
|
1,385 |
|
|
|
(1,580 |
) |
|
|
738 |
|
Purchased option contracts |
|
|
– |
|
|
|
– |
|
|
|
1 |
|
|
|
– |
|
Swap contracts |
|
|
760 |
|
|
|
– |
|
|
|
(240 |
) |
|
|
1,157 |
|
Foreign capital gains tax on appreciated securities |
|
|
– |
|
|
|
(529 |
) |
|
|
– |
|
|
|
– |
|
Foreign currency translation of other assets and liabilities denominated in foreign currencies |
|
|
1,602 |
|
|
|
(2,145 |
) |
|
|
72 |
|
|
|
590 |
|
Forward foreign currency contracts |
|
|
– |
|
|
|
– |
|
|
|
(5,171 |
) |
|
|
3,405 |
|
Net Change in Unrealized Appreciation (Depreciation) |
|
|
813,706 |
|
|
|
166,523 |
|
|
|
34,696 |
|
|
|
194,969 |
|
Net Increase in Net Assets Resulting from Operations |
|
$ |
931,774 |
|
|
$ |
167,054 |
|
|
$ |
9,630 |
|
|
$ |
154,964 |
|
(1) See Note 5 in the Notes to Financial Statements for additional information.
(2) Income is from the investment of collateral in an affiliated security.
(3) See Note 9 in the Notes to Financial Statements for additional information.
Amounts designated as “—” are $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
SEI Institutional International Trust
STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)
For the years ended September 30,
|
|
International Equity Fund |
|
|
Emerging Markets Equity Fund |
|
|
|
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
$ |
79,481 |
|
|
$ |
82,217 |
|
|
$ |
26,894 |
|
|
$ |
21,374 |
|
Net realized gain (loss) |
|
|
38,587 |
|
|
|
(87,633 |
) |
|
|
(26,363 |
) |
|
|
(112,849 |
) |
Net change in unrealized appreciation (depreciation) |
|
|
813,706 |
|
|
|
(1,233,789 |
) |
|
|
166,523 |
|
|
|
(467,200 |
) |
Net Increase (Decrease) in Net Assets Resulting from Operations |
|
|
931,774 |
|
|
|
(1,239,205 |
) |
|
|
167,054 |
|
|
|
(558,675 |
) |
Distributions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class F |
|
|
(62,491 |
) |
|
|
(554,286 |
) |
|
|
(26,873 |
) |
|
|
(155,826 |
) |
Class I |
|
|
(13 |
) |
|
|
(205 |
) |
|
|
N/A |
|
|
|
N/A |
|
Class Y |
|
|
(6,541 |
) |
|
|
(52,585 |
) |
|
|
(2,793 |
) |
|
|
(13,925 |
) |
Total Dividends |
|
|
(69,045 |
) |
|
|
(607,076 |
) |
|
|
(29,666 |
) |
|
|
(169,751 |
) |
Capital Share Transactions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class F: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from shares issued |
|
|
305,764 |
|
|
|
659,783 |
|
|
|
158,803 |
|
|
|
269,120 |
|
Reinvestment of dividends & distributions |
|
|
57,189 |
|
|
|
509,776 |
|
|
|
24,547 |
|
|
|
142,940 |
|
Cost of shares redeemed |
|
|
(849,649 |
) |
|
|
(610,971 |
) |
|
|
(272,116 |
) |
|
|
(300,852 |
) |
Net Increase (Decrease) from Class F Transactions |
|
|
(486,696 |
) |
|
|
558,588 |
|
|
|
(88,766 |
) |
|
|
111,208 |
|
Class I: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from shares issued |
|
|
33 |
|
|
|
119 |
|
|
|
N/A |
|
|
|
N/A |
|
Reinvestment of dividends & distributions |
|
|
7 |
|
|
|
134 |
|
|
|
N/A |
|
|
|
N/A |
|
Cost of shares redeemed |
|
|
(47 |
) |
|
|
(614 |
) |
|
|
N/A |
|
|
|
N/A |
|
Net Decrease from Class I Transactions |
|
|
(7 |
) |
|
|
(361 |
) |
|
|
N/A |
|
|
|
N/A |
|
Class Y: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from shares issued |
|
|
72,817 |
|
|
|
61,555 |
|
|
|
37,799 |
|
|
|
31,423 |
|
Reinvestment of dividends & distributions |
|
|
6,256 |
|
|
|
48,762 |
|
|
|
2,642 |
|
|
|
13,081 |
|
Cost of shares redeemed |
|
|
(86,696 |
) |
|
|
(47,833 |
) |
|
|
(30,224 |
) |
|
|
(19,189 |
) |
Net Increase (Decrease) from Class Y Transactions |
|
|
(7,623 |
) |
|
|
62,484 |
|
|
|
10,217 |
|
|
|
25,315 |
|
Net Increase (Decrease) in Net Assets Derived from Capital Share Transactions |
|
|
(494,326 |
) |
|
|
620,711 |
|
|
|
(78,549 |
) |
|
|
136,523 |
|
Net Increase (Decrease) in Net Assets |
|
|
368,403 |
|
|
|
(1,225,570 |
) |
|
|
58,839 |
|
|
|
(591,903 |
) |
Net Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning of Year |
|
|
3,412,855 |
|
|
|
4,638,425 |
|
|
|
1,348,379 |
|
|
|
1,940,282 |
|
End of Year |
|
$ |
3,781,258 |
|
|
$ |
3,412,855 |
|
|
$ |
1,407,218 |
|
|
$ |
1,348,379 |
|
Capital Share Transactions: |
Class F: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued |
|
|
28,850 |
|
|
|
60,257 |
|
|
|
15,536 |
|
|
|
22,651 |
|
Reinvestment of distributions |
|
|
5,730 |
|
|
|
42,320 |
|
|
|
2,484 |
|
|
|
11,093 |
|
Shares redeemed |
|
|
(80,173 |
) |
|
|
(55,594 |
) |
|
|
(26,566 |
) |
|
|
(25,331 |
) |
Total Class F Transactions |
|
|
(45,593 |
) |
|
|
46,983 |
|
|
|
(8,546 |
) |
|
|
8,413 |
|
Class I: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued |
|
|
3 |
|
|
|
10 |
|
|
|
N/A |
|
|
|
N/A |
|
Reinvestment of distributions |
|
|
— |
|
|
|
11 |
|
|
|
N/A |
|
|
|
N/A |
|
Shares redeemed |
|
|
(4 |
) |
|
|
(54 |
) |
|
|
N/A |
|
|
|
N/A |
|
Total Class I Transactions |
|
|
(1 |
) |
|
|
(33 |
) |
|
|
N/A |
|
|
|
N/A |
|
Class Y: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued |
|
|
6,854 |
|
|
|
5,696 |
|
|
|
3,635 |
|
|
|
2,737 |
|
Reinvestment of distributions |
|
|
627 |
|
|
|
4,046 |
|
|
|
268 |
|
|
|
1,014 |
|
Shares redeemed |
|
|
(8,328 |
) |
|
|
(4,363 |
) |
|
|
(2,987 |
) |
|
|
(1,635 |
) |
Total Class Y Transactions |
|
|
(847 |
) |
|
|
5,379 |
|
|
|
916 |
|
|
|
2,116 |
|
Net Increase (Decrease) in Shares Outstanding from Share Transactions |
|
|
(46,441 |
) |
|
|
52,329 |
|
|
|
(7,630 |
) |
|
|
10,529 |
|
N/A — Not applicable. Share classes currently not offered. |
Amounts designated as "—" are $0 or have been rounded to $0. |
The accompanying notes are an integral part of the financial statements. |
SEI Institutional International Trust
STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands) (Concluded)
For the years ended September 30,
|
|
International Fixed Income Fund |
|
|
Emerging Markets Debt Fund |
|
|
|
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
$ |
6,371 |
|
|
$ |
3,048 |
|
|
$ |
72,608 |
|
|
$ |
63,584 |
|
Net realized gain (loss) |
|
|
(31,437 |
) |
|
|
51,271 |
|
|
|
(112,613 |
) |
|
|
(153,934 |
) |
Net change in unrealized appreciation (depreciation) |
|
|
34,696 |
|
|
|
(111,526 |
) |
|
|
194,969 |
|
|
|
(288,444 |
) |
Net Increase (Decrease) in Net Assets Resulting from Operations |
|
|
9,630 |
|
|
|
(57,207 |
) |
|
|
154,964 |
|
|
|
(378,794 |
) |
Distributions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class F |
|
|
(45,431 |
) |
|
|
(10,083 |
) |
|
|
(44,127 |
) |
|
|
(22,758 |
) |
Class Y |
|
|
(7,756 |
) |
|
|
(1,763 |
) |
|
|
(3,919 |
) |
|
|
(2,051 |
) |
Total Dividends |
|
|
(53,187 |
) |
|
|
(11,846 |
) |
|
|
(48,046 |
) |
|
|
(24,809 |
) |
Capital Share Transactions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class F: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from shares issued |
|
|
50,139 |
|
|
|
77,857 |
|
|
|
142,379 |
|
|
|
256,735 |
|
Reinvestment of dividends & distributions |
|
|
41,818 |
|
|
|
9,344 |
|
|
|
39,313 |
|
|
|
20,408 |
|
Cost of shares redeemed |
|
|
(80,361 |
) |
|
|
(102,234 |
) |
|
|
(287,416 |
) |
|
|
(227,025 |
) |
Net Increase (Decrease) from Class F Transactions |
|
|
11,596 |
|
|
|
(15,033 |
) |
|
|
(105,724 |
) |
|
|
50,118 |
|
Class Y: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from shares issued |
|
|
10,293 |
|
|
|
14,290 |
|
|
|
32,153 |
|
|
|
19,549 |
|
Reinvestment of dividends & distributions |
|
|
7,508 |
|
|
|
1,627 |
|
|
|
3,591 |
|
|
|
1,913 |
|
Cost of shares redeemed |
|
|
(30,118 |
) |
|
|
(10,257 |
) |
|
|
(35,099 |
) |
|
|
(16,105 |
) |
Net Increase (Decrease) from Class Y Transactions |
|
|
(12,317 |
) |
|
|
5,660 |
|
|
|
645 |
|
|
|
5,357 |
|
Net Increase (Decrease) in Net Assets Derived from Capital Share Transactions |
|
|
(721 |
) |
|
|
(9,373 |
) |
|
|
(105,079 |
) |
|
|
55,475 |
|
Net Increase (Decrease) in Net Assets |
|
|
(44,278 |
) |
|
|
(78,426 |
) |
|
|
1,839 |
|
|
|
(348,128 |
) |
Net Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning of Year |
|
|
483,133 |
|
|
|
561,559 |
|
|
|
1,193,013 |
|
|
|
1,541,141 |
|
End of Year |
|
$ |
438,855 |
|
|
$ |
483,133 |
|
|
$ |
1,194,852 |
|
|
$ |
1,193,013 |
|
Capital Share Transactions: |
Class F: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued |
|
|
5,887 |
|
|
|
7,845 |
|
|
|
17,362 |
|
|
|
28,951 |
|
Reinvestment of distributions |
|
|
5,129 |
|
|
|
915 |
|
|
|
4,752 |
|
|
|
2,083 |
|
Shares redeemed |
|
|
(9,279 |
) |
|
|
(10,548 |
) |
|
|
(35,011 |
) |
|
|
(26,047 |
) |
Total Class F Transactions |
|
|
1,737 |
|
|
|
(1,788 |
) |
|
|
(12,897 |
) |
|
|
4,987 |
|
Class Y: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued |
|
|
1,185 |
|
|
|
1,447 |
|
|
|
3,921 |
|
|
|
2,240 |
|
Reinvestment of distributions |
|
|
919 |
|
|
|
159 |
|
|
|
437 |
|
|
|
196 |
|
Shares redeemed |
|
|
(3,474 |
) |
|
|
(1,060 |
) |
|
|
(4,294 |
) |
|
|
(1,862 |
) |
Total Class Y Transactions |
|
|
(1,370 |
) |
|
|
546 |
|
|
|
64 |
|
|
|
574 |
|
Net Increase (Decrease) in Shares Outstanding from Share Transactions |
|
|
367 |
|
|
|
(1,242 |
) |
|
|
(12,833 |
) |
|
|
5,561 |
|
Amounts designated as "—" are $0 or have been rounded to $0. |
The accompanying notes are an integral part of the financial statements. |
SEI Institutional International Trust
FINANCIAL HIGHLIGHTS
For the years ended September 30
For a Share Outstanding Throughout Each Year
|
|
Net Asset
Value,
Beginning
of Year |
|
|
Net
Investment
Income (Loss)(1) |
|
|
Net Realized
and Unrealized
Gains (Losses)
on Investments |
|
|
Total
from
Operations |
|
|
Dividends
from Net
Investment
Income |
|
|
Distributions
from Net
Realized
Gains |
|
|
Total
Dividends
and
Distributions |
|
|
Net Asset
Value, End
of Year |
|
|
Total
Return† |
|
|
Net Assets
End of Year($ Thousands) |
|
|
Ratio of Net
Expenses
to Average
Net Assets* |
|
|
Ratio of Expenses
to Average
Net Assets
(Excluding Waivers)** |
|
|
Ratio of Net
Investment
Income (Loss)
to Average
Net Assets |
|
|
Portfolio
Turnover
Rate† |
|
International Equity Fund |
Class F |
2023 |
|
$ |
8.66 |
|
|
$ |
0.21 |
|
|
$ |
2.18 |
|
|
$ |
2.39 |
|
|
$ |
(0.18 |
) |
|
$ |
— |
|
|
$ |
(0.18 |
) |
|
$ |
10.87 |
|
|
|
27.81 |
% |
|
$ |
3,415,372 |
|
|
|
1.10 |
% |
|
|
1.11 |
% |
|
|
1.99 |
% |
|
|
87 |
% |
2022 |
|
|
13.57 |
|
|
|
0.21 |
|
|
|
(3.38 |
) |
|
|
(3.17 |
) |
|
|
(0.23 |
) |
|
|
(1.51 |
) |
|
|
(1.74 |
) |
|
|
8.66 |
|
|
|
(26.82 |
) |
|
|
3,114,144 |
|
|
|
1.09 |
|
|
|
1.09 |
|
|
|
1.91 |
|
|
|
108 |
|
2021 |
|
|
10.86 |
|
|
|
0.16 |
|
|
|
2.67 |
|
|
|
2.83 |
|
|
|
(0.12 |
) |
|
|
— |
|
|
|
(0.12 |
) |
|
|
13.57 |
|
|
|
26.18 |
|
|
|
4,242,911 |
|
|
|
1.08 |
|
|
|
1.08 |
|
|
|
1.19 |
|
|
|
105 |
|
2020 |
|
|
10.68 |
|
|
|
0.10 |
|
|
|
0.28 |
|
|
|
0.38 |
|
|
|
(0.20 |
) |
|
|
— |
|
|
|
(0.20 |
) |
|
|
10.86 |
|
|
|
3.44 |
|
|
|
3,568,373 |
|
|
|
1.11 |
|
|
|
1.11 |
|
|
|
0.94 |
|
|
|
102 |
|
2019 |
|
|
11.38 |
|
|
|
0.20 |
|
|
|
(0.75 |
) |
|
|
(0.55 |
) |
|
|
(0.15 |
) |
|
|
— |
|
|
|
(0.15 |
) |
|
|
10.68 |
|
|
|
(4.63 |
) |
|
|
3,686,195 |
|
|
|
1.10 |
|
|
|
1.10 |
|
|
|
1.92 |
|
|
|
73 |
|
Class I |
2023 |
|
$ |
8.67 |
|
|
$ |
0.19 |
|
|
$ |
2.19 |
|
|
$ |
2.38 |
|
|
$ |
(0.15 |
) |
|
$ |
— |
|
|
$ |
(0.15 |
) |
|
$ |
10.90 |
|
|
|
27.63 |
% |
|
$ |
929 |
|
|
|
1.36 |
% |
|
|
1.36 |
% |
|
|
1.76 |
% |
|
|
87 |
% |
2022 |
|
|
13.59 |
|
|
|
0.17 |
|
|
|
(3.38 |
) |
|
|
(3.21 |
) |
|
|
(0.20 |
) |
|
|
(1.51 |
) |
|
|
(1.71 |
) |
|
|
8.67 |
|
|
|
(27.05 |
) |
|
|
743 |
|
|
|
1.34 |
|
|
|
1.34 |
|
|
|
1.44 |
|
|
|
108 |
|
2021 |
|
|
10.87 |
|
|
|
0.12 |
|
|
|
2.69 |
|
|
|
2.81 |
|
|
|
(0.09 |
) |
|
|
— |
|
|
|
(0.09 |
) |
|
|
13.59 |
|
|
|
25.91 |
|
|
|
1,611 |
|
|
|
1.33 |
|
|
|
1.33 |
|
|
|
0.93 |
|
|
|
105 |
|
2020 |
|
|
10.68 |
|
|
|
0.07 |
|
|
|
0.28 |
|
|
|
0.35 |
|
|
|
(0.16 |
) |
|
|
— |
|
|
|
(0.16 |
) |
|
|
10.87 |
|
|
|
3.19 |
|
|
|
1,350 |
|
|
|
1.36 |
|
|
|
1.36 |
|
|
|
0.63 |
|
|
|
102 |
|
2019 |
|
|
11.37 |
|
|
|
0.17 |
|
|
|
(0.74 |
) |
|
|
(0.57 |
) |
|
|
(0.12 |
) |
|
|
— |
|
|
|
(0.12 |
) |
|
|
10.68 |
|
|
|
(4.90 |
) |
|
|
1,932 |
|
|
|
1.35 |
|
|
|
1.35 |
|
|
|
1.61 |
|
|
|
73 |
|
Class Y |
2023 |
|
$ |
8.66 |
|
|
$ |
0.24 |
|
|
$ |
2.19 |
|
|
$ |
2.43 |
|
|
$ |
(0.21 |
) |
|
$ |
— |
|
|
$ |
(0.21 |
) |
|
$ |
10.88 |
|
|
|
28.26 |
% |
|
$ |
364,957 |
|
|
|
0.86 |
% |
|
|
0.86 |
% |
|
|
2.26 |
% |
|
|
87 |
% |
2022 |
|
|
13.58 |
|
|
|
0.24 |
|
|
|
(3.39 |
) |
|
|
(3.15 |
) |
|
|
(0.26 |
) |
|
|
(1.51 |
) |
|
|
(1.77 |
) |
|
|
8.66 |
|
|
|
(26.70 |
) |
|
|
297,968 |
|
|
|
0.84 |
|
|
|
0.84 |
|
|
|
2.17 |
|
|
|
108 |
|
2021 |
|
|
10.86 |
|
|
|
0.19 |
|
|
|
2.68 |
|
|
|
2.87 |
|
|
|
(0.15 |
) |
|
|
— |
|
|
|
(0.15 |
) |
|
|
13.58 |
|
|
|
26.55 |
|
|
|
393,903 |
|
|
|
0.83 |
|
|
|
0.83 |
|
|
|
1.44 |
|
|
|
105 |
|
2020 |
|
|
10.68 |
|
|
|
0.12 |
|
|
|
0.29 |
|
|
|
0.41 |
|
|
|
(0.23 |
) |
|
|
— |
|
|
|
(0.23 |
) |
|
|
10.86 |
|
|
|
3.68 |
|
|
|
330,069 |
|
|
|
0.86 |
|
|
|
0.86 |
|
|
|
1.16 |
|
|
|
102 |
|
2019 |
|
|
11.39 |
|
|
|
0.23 |
|
|
|
(0.76 |
) |
|
|
(0.53 |
) |
|
|
(0.18 |
) |
|
|
— |
|
|
|
(0.18 |
) |
|
|
10.68 |
|
|
|
(4.43 |
) |
|
|
370,462 |
|
|
|
0.85 |
|
|
|
0.85 |
|
|
|
2.24 |
|
|
|
73 |
|
Emerging Markets Equity Fund |
Class F |
2023 |
|
$ |
9.18 |
|
|
$ |
0.19 |
|
|
$ |
0.94 |
|
|
$ |
1.13 |
|
|
$ |
(0.21 |
) |
|
$ |
— |
|
|
$ |
(0.21 |
) |
|
$ |
10.10 |
|
|
|
12.32 |
% |
|
$ |
1,267,365 |
|
|
|
1.68 |
% |
|
|
1.78 |
% |
|
|
1.82 |
% |
|
|
95 |
% |
2022 |
|
|
14.23 |
|
|
|
0.14 |
|
|
|
(3.96 |
) |
|
|
(3.82 |
) |
|
|
(0.15 |
) |
|
|
(1.08 |
) |
|
|
(1.23 |
) |
|
|
9.18 |
|
|
|
(29.26 |
) |
|
|
1,229,709 |
|
|
|
1.71 |
|
|
|
1.81 |
|
|
|
1.21 |
|
|
|
93 |
|
2021 |
|
|
12.06 |
|
|
|
0.11 |
|
|
|
2.14 |
|
|
|
2.25 |
|
|
|
(0.08 |
) |
|
|
— |
|
|
|
(0.08 |
) |
|
|
14.23 |
|
|
|
18.63 |
|
|
|
1,786,493 |
|
|
|
1.70 |
|
|
|
1.80 |
|
|
|
0.73 |
|
|
|
100 |
|
2020 |
|
|
11.21 |
|
|
|
0.05 |
|
|
|
0.93 |
|
|
|
0.98 |
|
|
|
(0.13 |
) |
|
|
— |
|
|
|
(0.13 |
) |
|
|
12.06 |
|
|
|
8.75 |
|
|
|
1,542,551 |
|
|
|
1.71 |
|
|
|
1.81 |
|
|
|
0.43 |
|
|
|
90 |
|
2019 |
|
|
11.47 |
|
|
|
0.10 |
|
|
|
(0.29 |
) |
|
|
(0.19 |
) |
|
|
(0.07 |
) |
|
|
— |
|
|
|
(0.07 |
) |
|
|
11.21 |
|
|
|
(1.64 |
) |
|
|
1,564,523 |
|
|
|
1.70 |
|
|
|
1.81 |
|
|
|
0.92 |
|
|
|
89 |
|
Class Y |
2023 |
|
$ |
9.19 |
|
|
$ |
0.21 |
|
|
$ |
0.94 |
|
|
$ |
1.15 |
|
|
$ |
(0.23 |
) |
|
$ |
— |
|
|
$ |
(0.23 |
) |
|
$ |
10.11 |
|
|
|
12.63 |
% |
|
$ |
139,853 |
|
|
|
1.43 |
% |
|
|
1.53 |
% |
|
|
2.02 |
% |
|
|
95 |
% |
2022 |
|
|
14.25 |
|
|
|
0.18 |
|
|
|
(3.98 |
) |
|
|
(3.80 |
) |
|
|
(0.18 |
) |
|
|
(1.08 |
) |
|
|
(1.26 |
) |
|
|
9.19 |
|
|
|
(29.10 |
) |
|
|
118,670 |
|
|
|
1.46 |
|
|
|
1.56 |
|
|
|
1.50 |
|
|
|
93 |
|
2021 |
|
|
12.07 |
|
|
|
0.14 |
|
|
|
2.15 |
|
|
|
2.29 |
|
|
|
(0.11 |
) |
|
|
— |
|
|
|
(0.11 |
) |
|
|
14.25 |
|
|
|
18.96 |
|
|
|
153,789 |
|
|
|
1.45 |
|
|
|
1.55 |
|
|
|
0.98 |
|
|
|
100 |
|
2020 |
|
|
11.22 |
|
|
|
0.08 |
|
|
|
0.93 |
|
|
|
1.01 |
|
|
|
(0.16 |
) |
|
|
— |
|
|
|
(0.16 |
) |
|
|
12.07 |
|
|
|
8.99 |
|
|
|
134,682 |
|
|
|
1.46 |
|
|
|
1.56 |
|
|
|
0.66 |
|
|
|
90 |
|
2019 |
|
|
11.49 |
|
|
|
0.14 |
|
|
|
(0.31 |
) |
|
|
(0.17 |
) |
|
|
(0.10 |
) |
|
|
— |
|
|
|
(0.10 |
) |
|
|
11.22 |
|
|
|
(1.44 |
) |
|
|
145,600 |
|
|
|
1.45 |
|
|
|
1.56 |
|
|
|
1.25 |
|
|
|
89 |
|
† |
Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
* |
Includes Fees Paid Indirectly, if applicable. There was no impact to the expense ratios. See Note 5 in Notes to Financial Statements. |
** |
See Note 5 in Notes to Financial Statements. |
(1) |
Per share calculated using average shares. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
SEI Institutional International Trust
FINANCIAL HIGHLIGHTS
For the years ended September 30
For a Share Outstanding Throughout Each Year
|
|
Net Asset
Value,
Beginning
of Year |
|
|
Net
Investment
Income (Loss)(1) |
|
|
Net Realized
and Unrealized
Gains (Losses)
on Investments |
|
|
Total
from
Operations |
|
|
Dividends
from Net
Investment
Income |
|
|
Distributions
from Net
Realized
Gains |
|
|
Total
Dividends
and
Distributions |
|
|
Net Asset
Value, End
of Year |
|
|
Total
Return† |
|
|
Net Assets
End of Year($ Thousands) |
|
|
Ratio of Net
Expenses
to Average
Net Assets* |
|
|
Ratio of Expenses
to Average
Net Assets
(Excluding Waivers)** |
|
|
Ratio of Net
Investment
Income (Loss)
to Average
Net Assets |
|
|
Portfolio
Turnover
Rate† |
|
International Fixed Income Fund |
Class F |
2023 |
|
$ |
9.13 |
|
|
$ |
0.11 |
|
|
$ |
0.05 |
|
|
$ |
0.16 |
|
|
$ |
(1.05 |
) |
|
$ |
(0.01 |
) |
|
$ |
(1.06 |
) |
|
$ |
8.23 |
|
|
|
1.88 |
% |
|
$ |
384,986 |
|
|
|
1.02 |
% |
|
|
1.06 |
% |
|
|
1.35 |
% |
|
|
44 |
% |
2022 |
|
|
10.37 |
|
|
|
0.05 |
|
|
|
(1.08 |
) |
|
|
(1.03 |
) |
|
|
(0.08 |
) |
|
|
(0.13 |
) |
|
|
(0.21 |
) |
|
|
9.13 |
|
|
|
(10.15 |
) |
|
|
410,864 |
|
|
|
1.02 |
|
|
|
1.07 |
|
|
|
0.53 |
|
|
|
47 |
|
2021 |
|
|
10.46 |
|
|
|
0.03 |
|
|
|
(0.12 |
) |
|
|
(0.09 |
) |
|
|
— |
|
|
|
— |
^ |
|
|
— |
|
|
|
10.37 |
|
|
|
(0.83 |
) |
|
|
485,178 |
|
|
|
1.02 |
|
|
|
1.07 |
|
|
|
0.32 |
|
|
|
65 |
|
2020 |
|
|
10.73 |
|
|
|
0.03 |
|
|
|
0.04 |
|
|
|
0.07 |
|
|
|
(0.26 |
) |
|
|
(0.08 |
) |
|
|
(0.34 |
) |
|
|
10.46 |
|
|
|
0.73 |
|
|
|
445,864 |
|
|
|
1.02 |
|
|
|
1.08 |
|
|
|
0.29 |
|
|
|
64 |
|
2019 |
|
|
10.27 |
|
|
|
0.04 |
|
|
|
0.88 |
|
|
|
0.92 |
|
|
|
(0.40 |
) |
|
|
(0.06 |
) |
|
|
(0.46 |
) |
|
|
10.73 |
|
|
|
9.28 |
|
|
|
452,150 |
|
|
|
1.02 |
|
|
|
1.07 |
|
|
|
0.42 |
|
|
|
58 |
|
Class Y |
2023 |
|
$ |
9.16 |
|
|
$ |
0.14 |
|
|
$ |
0.05 |
|
|
$ |
0.19 |
|
|
$ |
(1.07 |
) |
|
$ |
(0.01 |
) |
|
$ |
(1.08 |
) |
|
$ |
8.27 |
|
|
|
2.30 |
% |
|
$ |
53,870 |
|
|
|
0.77 |
% |
|
|
0.81 |
% |
|
|
1.59 |
% |
|
|
44 |
% |
2022 |
|
|
10.41 |
|
|
|
0.08 |
|
|
|
(1.10 |
) |
|
|
(1.02 |
) |
|
|
(0.10 |
) |
|
|
(0.13 |
) |
|
|
(0.23 |
) |
|
|
9.16 |
|
|
|
(10.00 |
) |
|
|
72,269 |
|
|
|
0.77 |
|
|
|
0.82 |
|
|
|
0.78 |
|
|
|
47 |
|
2021 |
|
|
10.47 |
|
|
|
0.06 |
|
|
|
(0.12 |
) |
|
|
(0.06 |
) |
|
|
— |
|
|
|
— |
^ |
|
|
— |
|
|
|
10.41 |
|
|
|
(0.54 |
) |
|
|
76,381 |
|
|
|
0.77 |
|
|
|
0.82 |
|
|
|
0.57 |
|
|
|
65 |
|
2020 |
|
|
10.75 |
|
|
|
0.06 |
|
|
|
0.03 |
|
|
|
0.09 |
|
|
|
(0.29 |
) |
|
|
(0.08 |
) |
|
|
(0.37 |
) |
|
|
10.47 |
|
|
|
0.88 |
|
|
|
68,664 |
|
|
|
0.77 |
|
|
|
0.83 |
|
|
|
0.54 |
|
|
|
64 |
|
2019 |
|
|
10.29 |
|
|
|
0.07 |
|
|
|
0.88 |
|
|
|
0.95 |
|
|
|
(0.43 |
) |
|
|
(0.06 |
) |
|
|
(0.49 |
) |
|
|
10.75 |
|
|
|
9.54 |
|
|
|
69,681 |
|
|
|
0.77 |
|
|
|
0.82 |
|
|
|
0.66 |
|
|
|
58 |
|
Emerging Markets Debt Fund |
Class F |
2023 |
|
$ |
7.52 |
|
|
$ |
0.48 |
|
|
$ |
0.51 |
|
|
$ |
0.99 |
|
|
$ |
(0.32 |
) |
|
$ |
— |
|
|
$ |
(0.32 |
) |
|
$ |
8.19 |
|
|
|
13.13 |
% |
|
$ |
1,102,419 |
|
|
|
1.30 |
% |
|
|
1.56 |
% |
|
|
5.79 |
% |
|
|
95 |
% |
2022 |
|
|
10.06 |
|
|
|
0.40 |
|
|
|
(2.78 |
) |
|
|
(2.38 |
) |
|
|
(0.16 |
) |
|
|
— |
|
|
|
(0.16 |
) |
|
|
7.52 |
|
|
|
(24.04 |
) |
|
|
1,108,531 |
|
|
|
1.36 |
|
|
|
1.62 |
|
|
|
4.52 |
|
|
|
88 |
|
2021 |
|
|
9.80 |
|
|
|
0.40 |
|
|
|
0.06 |
|
|
|
0.46 |
|
|
|
(0.20 |
) |
|
|
— |
|
|
|
(0.20 |
) |
|
|
10.06 |
|
|
|
4.71 |
|
|
|
1,433,739 |
|
|
|
1.36 |
|
|
|
1.61 |
|
|
|
3.87 |
|
|
|
91 |
|
2020 |
|
|
9.93 |
|
|
|
0.40 |
|
|
|
(0.45 |
) |
|
|
(0.05 |
) |
|
|
(0.08 |
) |
|
|
— |
|
|
|
(0.08 |
) |
|
|
9.80 |
|
|
|
(0.53 |
) |
|
|
1,374,566 |
|
|
|
1.36 |
|
|
|
1.61 |
|
|
|
4.07 |
|
|
|
95 |
|
2019 |
|
|
9.30 |
|
|
|
0.47 |
|
|
|
0.32 |
|
|
|
0.79 |
|
|
|
(0.16 |
) |
|
|
— |
|
|
|
(0.16 |
) |
|
|
9.93 |
|
|
|
8.51 |
|
|
|
1,483,467 |
|
|
|
1.36 |
|
|
|
1.62 |
|
|
|
4.93 |
|
|
|
114 |
|
Class Y |
2023 |
|
$ |
7.49 |
|
|
$ |
0.50 |
|
|
$ |
0.51 |
|
|
$ |
1.01 |
|
|
$ |
(0.35 |
) |
|
$ |
— |
|
|
$ |
(0.35 |
) |
|
$ |
8.15 |
|
|
|
13.50 |
% |
|
$ |
92,433 |
|
|
|
1.05 |
% |
|
|
1.31 |
% |
|
|
6.08 |
% |
|
|
95 |
% |
2022 |
|
|
10.03 |
|
|
|
0.42 |
|
|
|
(2.77 |
) |
|
|
(2.35 |
) |
|
|
(0.19 |
) |
|
|
— |
|
|
|
(0.19 |
) |
|
|
7.49 |
|
|
|
(23.87 |
) |
|
|
84,482 |
|
|
|
1.11 |
|
|
|
1.37 |
|
|
|
4.77 |
|
|
|
88 |
|
2021 |
|
|
9.79 |
|
|
|
0.42 |
|
|
|
0.07 |
|
|
|
0.49 |
|
|
|
(0.25 |
) |
|
|
— |
|
|
|
(0.25 |
) |
|
|
10.03 |
|
|
|
4.98 |
|
|
|
107,402 |
|
|
|
1.11 |
|
|
|
1.36 |
|
|
|
4.12 |
|
|
|
91 |
|
2020 |
|
|
9.92 |
|
|
|
0.42 |
|
|
|
(0.45 |
) |
|
|
(0.03 |
) |
|
|
(0.10 |
) |
|
|
— |
|
|
|
(0.10 |
) |
|
|
9.79 |
|
|
|
(0.33 |
) |
|
|
98,869 |
|
|
|
1.11 |
|
|
|
1.36 |
|
|
|
4.33 |
|
|
|
95 |
|
2019 |
|
|
9.28 |
|
|
|
0.50 |
|
|
|
0.32 |
|
|
|
0.82 |
|
|
|
(0.18 |
) |
|
|
— |
|
|
|
(0.18 |
) |
|
|
9.92 |
|
|
|
8.84 |
|
|
|
111,948 |
|
|
|
1.11 |
|
|
|
1.37 |
|
|
|
5.18 |
|
|
|
114 |
|
^ |
Amount represents less than $0.005. |
† |
Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
* |
Includes Fees Paid Indirectly, if applicable. There was no impact to the expense ratios. See Note 5 in Notes to Financial Statements. |
** |
See Note 5 in Notes to Financial Statements. |
(1) |
Per share calculated using average shares. |
Amounts designated as “—” are either $0 or have been rounded to $0.
The accompanying notes are an integral part of the financial statements.
SEI Institutional International Trust
NOTES TO FINANCIAL STATEMENTS
September 30, 2023
1. ORGANIZATION
SEI Institutional International Trust (the “Trust”) was organized as a Massachusetts business trust under a Declaration of Trust dated June 30, 1988.
The Trust is registered under the Investment Company Act of 1940, as amended, as an open-end investment company with four funds: International Equity Fund, Emerging Markets Equity Fund, International Fixed Income Fund and Emerging Markets Debt Fund (together the “Funds”) each of which are diversified Funds with the exception of the International Fixed Income Fund and the Emerging Markets Debt Fund. Each Fund’s prospectus provides a description of its investment goal, principal investment strategies and risks. The assets of each Fund are segregated, and a Shareholder's interest is limited to the Fund in which shares are held. The Trust is registered to offer Class F (formerly Class A) and Class Y shares of each of the Funds and Class I shares of the International Equity Fund.
2. SIGNIFICANT ACCOUNTING POLICIES
The following are significant accounting policies, which are consistently followed in the preparation of its financial statements by the Funds. The Funds are investment companies that apply the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board (“FASB”).
Use of Estimates — The Funds are investment companies in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Therefore, the Funds follow the accounting and reporting guidelines for investment companies. The preparation of financial statements, in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.
Security Valuation — Effective September 8, 2022, and pursuant to the requirements of the 1940 Act and Rule 2a-5, the administrator, as delegated by the Board of Trustees (the “Board”), has the responsibility for the valuation of Fund investments with readily available market quotations in accordance with the Funds’ Valuation and Pricing Policy. The Trust's Board of Trustees has designated SEI Investments Management Corporation (“SIMC”) as the Valuation Designee for the Funds pursuant to Rule 2a-5 (the “Rule”) under the 1940 Act. The Valuation Designee has the responsibility for the fair value determination with respect to all
Fund investments that do not have readily available market quotations or quotations that are no longer reliable. SIMC has appointed a Valuation Committee (the “Committee”) and has established a Valuation and Pricing Policy to implement the Rule and the Funds’ Valuation and Pricing Policy (together the “Policy”). Prior to September 8, 2022, fair-value determinations were performed in accordance with the Trust’s Fair Value Procedures established by the Funds’ Board of Trustees and were implemented through a Fair Value Committee designated by the Board.
When valuing portfolio securities, a Fund values securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (other than securities traded on National Association of Securities Dealers Automated Quotations (NASDAQ) or as otherwise noted below) at the last quoted sale price on an exchange or market (foreign or domestic) on which the securities are traded or, if there is no such reported sale, at the most recent quoted bid price. A Fund values securities traded on NASDAQ at the NASDAQ Official Closing Price. If available, debt securities, swaps (which are not centrally cleared), bank loans or debt tranches of collateralized debt obligations (including collateralized loan obligations), such as those held by the Funds, are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations or other methodologies designed to identify the market value for such securities. Redeemable securities issued by open-end investment companies are valued at the investment company’s applicable Net Asset Value (“NAV”) per share, with the exception of ETFs, which are priced as equity securities. These open-end investment companies’ shares are offered in separate prospectuses, each of which describes the process by which the applicable investment company’s NAV is determined. The prices of foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates. If a security’s price cannot be obtained, as noted above, or in the case of an equity tranche of a CDO/CLO, a Fund will value the securities using a bid price from at least one independent broker.
On the first day a new debt security purchase is recorded, if a price is not available from a third-party pricing agent or an independent broker, the security may be valued at its purchase price. Each day thereafter, the debt security will be valued according to the Policy until an independent source can be secured. Debt
SEI Institutional International Trust
securities held by a Fund with remaining maturities of 60 days or less will be valued by the amortized cost method, which involves valuing a security at its cost on the date of purchase and thereafter (absent unusual circumstances) assuming a constant amortization to maturity of any discount or premium, regardless of the impact of fluctuations in general market rates of interest on the value of the instrument. While this method provides certainty in valuation, it may result in periods during which value, as determined by this method, is higher or lower than the price the Fund would receive if it sold the instrument, and the value of securities in the Fund can be expected to vary inversely with changes in prevailing interest rates. Should existing credit, liquidity or interest rate conditions in the relevant markets and issuer specific circumstances suggest that amortized cost does not approximate fair value, then the amortized cost method may not be used.
Options are valued at the last quoted sales price. If there is no such reported sale on the valuation date, long positions are valued at the most recent bid price, and short positions are valued at the most recent ask price. Futures and swaps cleared through a central clearing house (“centrally cleared swaps”) are valued at the settlement price established each day by the board of exchange on which they are traded. The daily settlement prices for financial futures and centrally cleared swaps are provided by an independent source. On days when there is excessive volume, market volatility or the future or centrally cleared swap does not end trading by the time the Fund calculates its NAV, the settlement price may not be available at the time at which a Fund calculates its NAV. On such days, the best available price (which is typically the last sales price) may be used to value a Fund’s futures or centrally cleared swaps position.
Foreign currency forward contracts are valued at the current day’s interpolated foreign exchange rate, as calculated using forward rates provided by an independent source.
Prices for most securities held by a Fund are provided daily by third-party independent pricing agents. SIMC or a Sub-Adviser (“Sub-Adviser”), as applicable, reasonably believes that prices provided by independent pricing agents are reliable. However, there can be no assurance that such pricing service’s prices will be reliable. SIMC will continuously monitor the reliability of prices obtained from any pricing service and shall promptly notify the Funds’ administrator if it believes that a particular pricing service is no longer a reliable source of prices. The Funds’ administrator, in turn, will notify SIMC, as Valuation Designee, if it receives such notification from a Sub-Adviser, as applicable, or if the Funds’ administrator
reasonably believes that a particular pricing service is no longer a reliable source for prices.
The Policy provides that any change in a primary pricing agent or a pricing methodology requires prior approval by the Board of Trustees (“Board”). However, when the change would not materially affect the valuation of a Fund’s net assets or involve a material departure in pricing methodology from that of a Fund’s existing pricing agent or pricing methodology, ratification may be obtained at the next regularly scheduled meeting of the Board.
Securities for which market prices are not "readily available" are valued in accordance with Rule 2a-5 and the Policy.
The Valuation Designee must monitor for circumstances that may necessitate that a security be valued using Fair Value Procedures which can include: (i) the security's trading has been halted or suspended, (ii) the security has been de-listed from a national exchange, (iii) the security's primary trading market is temporarily closed at a time when under normal conditions it would be open, (iv) the security has not been traded for an extended period of time, (v) the security's primary pricing source is not able or willing to provide a price, (vi) trading of the security is subject to local government-imposed restrictions; or (vii) a significant event (as defined below). When a security is valued in accordance with the Fair Value Procedures, the Valuation Designee will determine the value after taking into consideration relevant information reasonably available to the Valuation Designee. Examples of factors the Valuation Designee may consider include: (i) the type of security or asset, (ii) the last trade price, (iii) evaluation of the forces that influence the market in which the security is purchased and sold, (iv) the liquidity of the security, (v) the size of the holding in a Fund or (vi) any other appropriate information.
The Valuation Designee is responsible for selecting and applying, in a consistent manner, the appropriate methodologies for determining and calculating the fair value of holdings of the Funds, including specifying the key inputs and assumptions specific to each asset class or holding.
The determination of a security’s fair value price often involves the consideration of a number of subjective factors and is therefore subject to the unavoidable risk that the value assigned to a security may be higher or lower than the security’s value would be if a reliable market quotation for the security was readily available.
The International Equity and Emerging Markets Equity Funds use a third-party fair valuation vendor. The vendor provides a fair value for foreign securities held by the
SEI Institutional International Trust
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2023
International Equity and Emerging Markets Equity Funds based on certain factors and methodologies (involving, generally, tracking valuation correlations between the U.S. market and each non-U.S. security). Values from the vendor are applied in the event that there is a movement in the U.S. market that exceeds a specific threshold that has been established by the Committee. The Committee has also established a “confidence interval,” which is used to determine the level of historical correlation between the value of a specific foreign security and movements in the U.S. market before a particular security will be fair-valued when the threshold is exceeded. In the event that the threshold established by the Committee is exceeded on a specific day, the International Equity and Emerging Markets Equity Funds shall value the non-U.S. securities in their portfolios that exceed the applicable “confidence interval” based upon the adjusted prices provided by the vendor. Additionally, if a local market in which the International Equity or Emerging Markets Equity Funds own securities is closed for one or more days (scheduled or unscheduled) while the Fund is open, and if such securities in a Fund’s portfolio exceed the predetermined confidence interval discussed above, then such Fund shall value such securities based on the fair value prices provided by the vendor.
For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which a Fund calculates its NAV. The closing prices of such securities may no longer reflect their market value at the time a Fund calculates NAV if an event that could materially affect the value of those securities (a “Significant Event”), including substantial fluctuations in domestic or foreign markets or occurrences not tied directly to the securities markets, such as natural disasters, armed conflicts or significant governmental actions, has occurred between the time of the security’s last close and the time that a Fund calculates NAV. A Fund may invest in securities that are primarily listed on foreign exchanges that trade on weekends or other days when the Fund does not price its shares. As a result, the NAV of the Fund’s shares may change on days when shareholders will not be able to purchase or redeem Fund shares.
A Significant Event may relate to a single issuer or to an entire market sector. If SIMC or a Sub-Adviser becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which a Fund calculates NAV, it may request that a Committee meeting be called. In addition, with respect to certain securities, the Funds’ administrator performs
price comparisons and price movement review (among other processes), to monitor the pricing data supplied by various sources. Any identified discrepancies are researched and subject to the procedures described above.
In accordance with U.S. GAAP, fair value is defined as the price that the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy has been established to maximize the use of the observable market data and minimize the use of unobservable inputs and to establish classification of the fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing an asset. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.
The three-tier hierarchy of inputs is summarized in the three broad Levels listed below:
Level 1 — quoted prices in active markets for identical investments
Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risks, etc.)
Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.
The valuation techniques used by the Funds to measure fair value during the year ended September 30, 2023 maximized the use of observable inputs and minimized the use of unobservable inputs.
For the year ended September 30, 2023, there have been no significant changes to the inputs or the Trust’s fair valuation methodologies.
Security Transactions and Investment Income — Security transactions are recorded on the trade date. Cost used
SEI Institutional International Trust
in determining net realized capital gains and losses on the sale of securities is determined on the basis of specific identification. Dividend income and expense is recognized on the ex-dividend date, and interest income or expense is recognized using the accrual basis of accounting.
Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/ or as a realized gain. The Trust estimates the components of distributions received that may be considered nontaxable distributions or capital gain distributions.
Amortization and accretion is calculated using the scientific interest method, which is not materially different from the effective interest method. Amortization of premiums and discounts is included in interest income.
Cash and Cash Equivalents — Idle cash and currency balances may be swept into various overnight sweep accounts and are classified as cash and cash equivalents on the Statement of Assets and Liabilities. These amounts, at times, may exceed United States federally insured limits. Amounts swept are available on the next business day.
Expenses — Expenses that are directly related to one of the Funds are charged directly to that Fund. Other operating expenses of the Trust are prorated to the Funds on the basis of relative daily net assets.
Classes —Class-specific expenses are borne by that class. Income, non-class specific expenses, and realized and unrealized gains/losses are allocated to the respective classes on the basis of relative daily net assets.
Foreign Currency Translation — The books and records of the Funds investing in international securities are maintained in U.S. dollars on the following basis:
(i) market value of investment securities, assets and liabilities at the current rate of exchange; and
(ii) purchases and sales of investment securities, income and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions.
The Funds do not isolate that portion of gains and losses on investments in investment securities that is due to changes in the foreign exchange rates from that which is due to changes in market prices of investment securities.
The Funds report certain foreign-currency-related transactions as components of realized gains for financial reporting purposes, whereas such components are treated as ordinary income for Federal income tax purposes.
Forward Foreign Currency Contracts — To the extent consistent with its investment objective and strategies, a Fund may enter into forward foreign currency contracts as hedges against either specific transactions, fund positions, speculative purposes or anticipated fund positions. All commitments are “marked-to-market” daily at the applicable foreign exchange rate, and any resulting unrealized gains or losses are recorded currently. The Fund realizes gains and losses at the time forward contracts are extinguished. Unrealized gains or losses on outstanding positions in forward foreign currency contracts held at the close of the period are recognized as ordinary income or loss for federal income tax purposes. The Fund could be exposed to risk if the counterparties to the contracts are unable to meet the terms of the contract and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar.
Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities. Refer to each Fund’s Schedule of Investments for details regarding open forward foreign currency contracts as of September 30, 2023, if applicable.
Futures Contracts — To the extent consistent with its investment objective and strategies, the Funds may purchase futures contracts to gain exposure to market changes, which may be more efficient or cost effective than actually buying the securities. To the extent consistent with its investment objective and strategies, a Fund may utilize futures contracts for tactical hedging purposes as well as to enhance the Funds’ returns and may also utilize futures contracts to efficiently assist in managing the Funds’ duration and yield curve exposure. Upon entering into such a contract, a Fund is required to deposit and maintain as collateral such initial margin as required by the exchange on which the contract is held. The contracts are marked to market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin payments are paid or received, depending upon whether unrealized losses or gains are incurred. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.
Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. Second, it is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. Third, the futures contract involves the risk that a Fund could lose more than the original margin deposit required to initiate a futures transaction.
SEI Institutional International Trust
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2023
Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities. Refer to each Fund’s Schedule of Investments for details regarding open futures contracts as of September 30, 2023, if applicable.
Options/Swaptions Written/Purchased — To the extent consistent with its investment objective and strategies, a Fund may invest in financial options/swaptions contracts for the purpose of hedging its existing portfolio securities, or securities that a Fund intends to purchase, against fluctuations in fair market value caused by changes in prevailing market interest rates. A Fund may also invest in financial option/swaption contracts to enhance its returns. When the Fund writes or purchases an option/swaption, an amount equal to the premium received or paid by the Fund is recorded as a liability or an asset and is subsequently adjusted to the current market value of the option/swaption written or purchased. Premiums received or paid from writing or purchasing options/swaptions which expire unexercised are treated by the Fund on the expiration date as realized gains or losses. The difference between the premium and the amount paid or received on effecting a closing purchase or sale transaction, including brokerage commissions, is also treated as a realized gain or loss. If an option/swaption is exercised, the premium paid or received is added to the cost of the purchase or proceeds from the sale in determining whether the Fund has realized a gain or a loss.
The risk in writing a call option/swaption is a Fund may give up the opportunity for profit if the market price of the security increases. The risk in writing a put option/swaption is a Fund may incur a loss if the market price of the security decreases and the option/swaption is exercised. The risk in purchasing an option/swaption is a Fund may pay a premium whether or not the option/swaption is exercised. The Funds also have the additional risk of being unable to enter into a closing transaction at an acceptable price if a liquid secondary market does not exist. Option/swaption contracts also involve the risk that they may not work as intended due to unanticipated developments in market conditions or other causes.
Finally, the risk exists that losses on written options could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to each Fund’s Schedule of Investments for details regarding open option/swaption contracts as of September 30, 2023, if applicable.
Swap Agreements — To the extent consistent with its investment objective and strategies, a Fund may invest in swap contracts as an efficient means to take and manage risk in the portfolio, including interest rate risk, credit risk and overall yield sensitivity. A
swap agreement is a two-party contract under which an agreement is made to exchange returns from predetermined investments or instruments, including a particular interest rate, foreign currency, or “basket” of securities representing a particular index. Swap agreements are privately negotiated in the over-the-counter market (“OTC swaps”) or may be executed in a multilateral or other trade facility platform, such as a registered commodities exchange (“Centrally Cleared swaps”). Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal. Credit default swaps involve the periodic payment by a Fund or counterparty of interest based on a specified rate multiplied by a notional amount assigned to an underlying debt instrument or group of debt instruments in exchange for the assumption of credit risk on the same instruments. In the event of a credit event, usually in the form of a credit rating downgrade, the party receiving periodic payments (i.e. floating rate payer) must pay the other party (i.e. fixed rate payer) an amount equal to the outstanding principal of the downgraded debt instrument. Total return swaps allow an investor to benefit from the cash flow without ever actually owning the underlying security. The receiver must pay any decline in value to the payer at the end of the total return swap. However, the investor does not need to make a payment if there is no decline in price. Payments can be made on various indices, bonds (i.e. mortgage backed securities, bank debt and corporate), loans or commodities. The value of a total return swap is equal to the change in value of the underlying asset versus the accrued income payment based on SOFR (Secured Overnight Financing Rate) or some other form of index on the notional amount. Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal to manage a Fund’s exposure to interest rates. Payments received or made are recorded as realized gains or losses. A Fund could be exposed to credit or market risk due to unfavorable changes in the fluctuation of interest rates or if the counterparty defaults on its obligation to perform. Risk of loss may exceed amounts recognized on the statement of assets and liabilities. In connection with swap agreements, securities/cash may be set aside as collateral by the Fund’s custodian. A Fund may enter into swap agreements in order to, among other things, change the maturity or duration of the investment
SEI Institutional International Trust
portfolio; protect a Fund’s value from changes in interest rates; or expose a Fund to a different security or market.
Swaps are marked-to-market daily based upon quotations from market makers and the resulting changes in market values, if any, are recorded as unrealized gains or losses in the Statement of Operations. Centrally cleared swaps are valued at the settlement price established each day by the board of exchange on which they are traded. The daily settlement prices for centrally cleared swaps are provided by an independent source. Net payments of interest are recorded as realized gains or losses. Daily changes in valuation of Centrally Cleared swaps, if any, are recorded as a receivable or payable for the change in value as appropriate (“variation margin”) on the Statements of Assets and Liabilities.
Entering into swap agreements involves, to varying degrees, elements of credit and market risk in excess of the amounts recognized on the Schedule of Investments or the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreement may default on its obligation to perform and that there may be unfavorable changes in the fluctuation of interest rates. Risks also arise from potential losses from adverse market movements.
Counterparty risk may be mitigated by having a master netting arrangement between a Fund and the counterparty and by having the counterparty post collateral to cover a Fund’s exposure to the counterparty. Refer to each Fund’s Schedule of Investments for details regarding open swap contracts as of September 30, 2023, if applicable.
Delayed Delivery Transactions — A Fund may purchase or sell securities on a when-issued or delayed delivery basis. These transactions involve a commitment by the Fund to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period. When delayed delivery purchases are outstanding, the Fund will set aside liquid assets in an amount sufficient to meet the purchase price. When purchasing a security on a delayed delivery basis, the Fund assumes the rights and risks of ownership of the security, including the risk of price and yield fluctuations, and takes such fluctuations into account when determining its net asset value. The Fund may dispose of or renegotiate a delayed delivery transaction after it is entered into, and may sell when-issued securities before they are delivered, which may result in a capital gain or loss. When the Fund has sold a security on a delayed delivery basis, the Fund does not
participate in future gains and losses with respect to the security.
Loan Participations and Brady Bonds — To the extent consistent with its investment objective and strategies, a Fund may invest in U.S. dollar-denominated fixed- and floating-rate loans (“Loans”) arranged through private negotiations between a foreign sovereign entity and one or more financial institutions (“Lenders”). The Fund invests in such Loans in the form of participations in Loans (“Participations”) or assignments of all or a portion of Loans from third parties. Participations typically result in a Fund having a contractual relationship only with the Lenders, not with the sovereign borrowers. The Fund has the right to receive payments of principal, interest and any fees to which it is entitled from the Lender selling the Participation and only upon receipt by the Lender of the payments from the borrower. In connection with purchasing Participations, the Fund generally has no right to enforce compliance by the borrower with the terms of the loan agreement relating to the Loan, nor any rights of set-off against the borrower, and the Fund will not benefit directly from any collateral supporting the Loan in which it has purchased the Participation. As a result, the Fund assumes the credit risk of both the borrower and the Lender that is selling the Participation.
Certain debt obligations, customarily referred to as “Brady Bonds”, are created through the exchange of existing commercial bank loans to foreign entities for new obligations in connection with debt restructuring under a plan introduced by former U.S. Secretary of the Treasury Nicholas F. Brady. Brady Bonds have only been issued since 1989, and, accordingly, do not have a long payment history. They are issued by governments that may have previously defaulted on the loans being restructured by the Brady Bonds, so they are subject to the risk of default by the issuer. They may be fully or partially collateralized or uncollateralized and issued in various currencies.
Dividends and Distributions to Shareholders — The International Equity, Emerging Markets Equity and International Fixed Income Funds will distribute substantially all of their net investment income and all net realized capital gains, if any, at least annually. The Emerging Markets Debt Fund will distribute substantially all of its net investment income, if any, at least quarterly and all net realized gains, if any, at least annually. All dividends and distributions are recorded on ex-dividend date.
Investments in Real Estate Investment Trusts (“REITs”) — Dividend income is recorded based on the income included in distributions received from the REIT investments using published REIT reclassifications including management estimates when actual amounts
SEI Institutional International Trust
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2023
are not available. Distributions received in excess of this estimated amount are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year-end, and may differ from the estimated amounts.
3. CREDIT DERIVATIVES
A Fund may use credit default swaps to reduce risk where a Fund has exposure to the issuer, or to take an active long or short position with respect to the likelihood of an event of default. The reference obligation of the swap can be a single issuer, a “basket” of issuers, or an index. The underlying referenced assets are corporate debt, sovereign debt and asset backed securities.
The buyer of a credit default swap is generally obligated to pay the seller a periodic stream of payments over the term of the contract in return for a contingent payment upon the occurrence of a credit event with respect to an underlying reference obligation. Generally, a credit event for corporate or sovereign reference obligations means bankruptcy, failure to pay, obligation acceleration, repudiation/moratorium or restructuring. For credit default swaps on asset-backed securities, a credit event may be triggered by events such as failure to pay principal, maturity extension, rating downgrade or write-down.
If a Fund is a seller of protection, and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will generally either (i) pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index.
If a Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are calculated by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit
event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value.
SEI Institutional International Trust
4. DERIVATIVE CONTRACTS
The following tables show the derivatives categorized by underlying risk exposure. The fair value of derivative instruments as of year end was as follows ($ Thousand):
|
Asset Derivatives |
|
|
|
Liability Derivatives |
|
|
|
|
Year ended September 30, 2023 |
|
|
|
|
Year ended September 30, 2023 |
|
|
|
|
|
Statements of Assets and Liabilities Location |
|
Fair Value |
|
Statements of Assets and Liabilities Location |
|
Fair Value |
|
International Equity Fund |
|
|
|
|
|
|
|
|
|
|
Equity contracts |
Unrealized appreciation on futures contracts |
|
$ |
87 |
* |
Unrealized depreciation on futures contracts |
|
$ |
540 |
* |
|
Unrealized appreciation on swap contracts |
|
$ |
760 |
† |
Unrealized depreciation on swap contracts |
|
$ |
— |
† |
Total derivatives not accounted for as hedging instruments |
|
|
$ |
847 |
|
|
|
$ |
540 |
|
Emerging Markets Equity Fund |
|
|
|
|
|
|
|
|
Equity contracts |
Unrealized appreciation on futures contracts |
|
$ |
— |
* |
Unrealized depreciation on futures contracts |
|
$ |
767 |
* |
Total derivatives not accounted for as hedging instruments |
|
|
$ |
— |
|
|
|
$ |
767 |
|
International Fixed Income Fund |
|
|
|
|
|
|
|
|
Interest rate contracts |
Unrealized appreciation on futures contracts |
|
$ |
492 |
* |
Unrealized depreciation on futures contracts |
|
$ |
725 |
* |
|
Unrealized appreciation on swaps contracts |
|
|
64 |
† |
Unrealized depreciation on swaps contracts |
|
|
— |
† |
|
Unrealized appreciation on swaps contracts |
|
|
134 |
† |
Unrealized depreciation on swaps contracts |
|
|
550 |
† |
Foreign exchange contracts |
Unrealized gain on forward foreign currency contracts |
|
|
8,569 |
|
Unrealized loss on forward foreign currency contracts |
|
|
2,056 |
|
Total derivatives not accounted for as hedging instruments |
|
|
$ |
9,259 |
|
|
|
$ |
3,331 |
|
Emerging Markets Debt Fund |
|
|
|
|
|
|
|
|
Interest rate contracts |
Unrealized appreciation on futures contracts |
|
$ |
540 |
* |
Unrealized depreciation on futures contracts |
|
$ |
804 |
* |
|
Unrealized appreciation on swaps contracts |
|
|
111 |
† |
Unrealized depreciation on swaps contracts |
|
|
755 |
† |
|
Unrealized appreciation on swaps contracts |
|
|
1,662 |
† |
Unrealized depreciation on swa[s contracts |
|
|
2,235 |
† |
Foreign exchange contracts |
Unrealized gain on forward foreign currency contracts |
|
|
5,213 |
|
Unrealized loss on forward foreign currency contracts |
|
|
5,457 |
|
Total derivatives not accounted for as hedging instruments |
|
|
$ |
7,526 |
|
|
|
$ |
9,251 |
|
|
|
|
|
|
|
|
|
|
|
|
* Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Assets & Liabilities.
† Includes cumulative appreciation/depreciation of swap contracts as reported in the Schedules of Investments. Market Value is reported within the Statements of Assets & Liabilities for OTC swap contracts that have paid premiums. For centrally cleared swap contracts current days variation margin is reported within the Statements of Assets & Liabilities.
SEI Institutional International Trust
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2023
The effect of derivative instruments on the Statements of Operations for the year ended September 30, 2023:
Amount of realized gain or (loss) on derivatives recognized in income ($ Thousands):
Derivatives Not Accounted for as Hedging Instruments |
|
Purchased Options and Swaptions |
|
|
Written Options and Swaptions |
|
|
Futures |
|
|
Forward
Currency
Contracts |
|
|
Swaps |
|
|
Total |
|
International Equity Fund |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Equity contracts |
|
|
— |
|
|
|
— |
|
|
|
4,583 |
|
|
|
— |
|
|
|
(3,870 |
) |
|
|
713 |
|
Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,583 |
|
|
$ |
— |
|
|
$ |
(3,870 |
) |
|
$ |
713 |
|
|
Emerging Markets Equity Fund |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Equity contracts |
|
|
— |
|
|
|
— |
|
|
|
2,103 |
|
|
|
— |
|
|
|
— |
|
|
|
2,103 |
|
Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,103 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,103 |
|
|
International Fixed Income Fund |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Interest rate contracts |
|
|
— |
|
|
|
— |
|
|
|
1,802 |
|
|
|
— |
|
|
|
231 |
|
|
|
2,033 |
|
Foreign exchange contracts |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(4,581 |
) |
|
|
— |
|
|
|
(4,581 |
) |
Equity contracts |
|
|
14 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
14 |
|
Total |
|
$ |
14 |
|
|
$ |
— |
|
|
$ |
1,802 |
|
|
$ |
(4,581 |
) |
|
$ |
231 |
|
|
$ |
(2,534 |
) |
|
Emerging Markets Debt Fund |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Interest rate contracts |
|
|
— |
|
|
|
— |
|
|
|
(2,500 |
) |
|
|
— |
|
|
|
(9,110 |
) |
|
|
(11,610 |
) |
Foreign exchange contracts |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,178 |
|
|
|
— |
|
|
|
2,178 |
|
Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(2,500 |
) |
|
$ |
2,178 |
|
|
$ |
(9,110 |
) |
|
$ |
(9,432 |
) |
|
Change in unrealized appreciation or (depreciation) on derivatives recognized in income ($ Thousands):
Derivatives Not Accounted for as Hedging Instruments |
|
Purchased Options and Swaptions |
|
|
Written Options and Swaptions |
|
|
Futures |
|
|
Forward
Currency
Contracts |
|
|
Swaps |
|
|
Total |
|
International Equity Fund |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Equity contracts |
|
|
— |
|
|
|
— |
|
|
|
3,753 |
|
|
|
— |
|
|
|
760 |
|
|
|
4,513 |
|
Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3,753 |
|
|
$ |
— |
|
|
$ |
760 |
|
|
$ |
4,513 |
|
|
Emerging Markets Equity Fund |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Equity contracts |
|
|
— |
|
|
|
— |
|
|
|
1,385 |
|
|
|
— |
|
|
|
— |
|
|
|
1,385 |
|
Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,385 |
|
|
$ |
— |
|
|
$ |
– |
|
|
$ |
1,385 |
|
|
International Fixed Income Fund |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Interest rate contracts |
|
|
— |
|
|
|
— |
|
|
|
(1,580 |
) |
|
|
— |
|
|
|
(240 |
) |
|
|
(1,820 |
) |
Foreign exchange contracts |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(5,171 |
) |
|
|
— |
|
|
|
(5,171 |
) |
Equity contracts |
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
Total |
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
(1,580 |
) |
|
$ |
(5,171 |
) |
|
$ |
(240 |
) |
|
$ |
(6,990 |
) |
|
Emerging Markets Debt Fund |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Interest rate contracts |
|
|
— |
|
|
|
— |
|
|
|
738 |
|
|
|
— |
|
|
|
1,157 |
|
|
|
1,895 |
|
Foreign exchange contracts |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,405 |
|
|
|
— |
|
|
|
3,405 |
|
Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
738 |
|
|
$ |
3,405 |
|
|
$ |
1,157 |
|
|
$ |
5,300 |
|
|
SEI Institutional International Trust
A Fund is subject to various netting arrangements with select counterparties (“Master Agreements”). Master Agreements govern the terms of certain transactions, and reduce the counterparty risk associated with relevant transactions by specifying credit protection mechanisms and providing standardization that improves legal certainty. Since different types of transactions have different mechanics and are sometimes traded out of different legal entities of a particular counterparty organization, each type of transaction may be covered by a different Master Agreement, resulting in the need for multiple agreements with a single counterparty. As the Master Agreements are specific to unique operations of different asset types, they allow a Fund to close out and net its total exposure to a specific counterparty entity in the event of a default with respect to all the transactions governed under a single agreement with a specific counterparty entity.
Master Agreements can also help limit counterparty risk by specifying collateral posting arrangements at pre-arranged exposure levels. Under the Master Agreements, collateral is routinely transferred if the total net exposure to certain transactions (net of existing collateral already in place) governed under the relevant Master Agreement with a counterparty in a given account exceeds a specified threshold, which typically ranges from zero to $250,000 depending on the counterparty and the type of Master Agreement. United States Treasury Securities and U.S. dollar cash are generally the preferred forms of collateral. Securities and cash pledged as collateral are reflected as assets in the Statements of Assets and Liabilities as either a component of investments at value (securities) or deposits due from counterparties (cash). Cash collateral received is not typically held in a segregated account and as such is reflected as a liability in the Statement of Assets and Liabilities as deposits due to counterparties. The market value of any securities received as collateral is not reflected as a component of net asset value. A Fund’s overall exposure to counterparty risk can change substantially within a short period, as it is affected by each transaction subject to the relevant Master Agreement.
Customer Account Agreements and related addendums govern exchange traded derivatives transactions such as futures, options on futures, and centrally cleared swaps. Exchange traded derivative transactions require posting of initial margin as determined by each relevant clearing agency which is segregated at a broker account registered with the Commodities Futures Trading Commission (CFTC), or the applicable regulator. In the US, counterparty risk is significantly reduced as creditors of the futures broker do not have claim to Fund assets in the segregated account. Additionally, portability of
exposure in the event of default further reduces risk to the Funds. Variation margin, or changes in market value, are exchanged daily, but may not be netted between futures and cleared OTC derivatives.
SEI Institutional International Trust
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2023
The following is a summary of the variation margin of exchange-traded or centrally cleared financial derivative instruments of the Funds as of September 30, 2023 ($ Thousands):
|
|
Financial Derivatives Assets |
|
|
|
|
|
Financial Derivatives Liabilities |
|
|
|
Variation Margin Asset
|
|
|
|
|
|
|
|
|
|
|
Variation Margin Liability
|
|
|
|
|
|
Fund |
|
Futures |
|
|
Swap Agreements |
|
|
Total |
|
|
|
|
|
|
Futures |
|
|
Swap Agreements |
|
|
Total |
|
International Equity Fund |
|
$ |
152 |
|
|
$ |
— |
|
|
$ |
152 |
|
|
|
|
|
|
$ |
64 |
|
|
$ |
— |
|
|
$ |
64 |
|
Emerging Markets Equity Fund |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
International Fixed Income Fund |
|
|
267 |
|
|
|
329 |
|
|
|
596 |
|
|
|
|
|
|
|
115 |
|
|
|
312 |
|
|
|
427 |
|
Emerging Markets Debt Fund |
|
|
80 |
|
|
|
5,906 |
|
|
|
5,986 |
|
|
|
|
|
|
|
287 |
|
|
|
5,629 |
|
|
|
5,916 |
|
Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of September 30, 2023 amounted to $2,344 ($ Thousands) for the International Equity Fund. Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of September 30, 2023 amounted to $696 ($ Thousands) for the Emerging Markets Equity Fund. Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of September 30, 2023 amounted to $517 ($ Thousands) for the International Fixed Income Fund. Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of September 30, 2023 amounted to $5,321 ($ Thousands) for the Emerging Markets Debt Fund.
International Swaps and Derivatives Association, Inc. Master Agreements and Credit Support Annexes (“ISDA Master Agreements”) govern OTC financial derivative transactions entered into by a Fund and select counterparties. ISDA Master Agreements maintain provisions for general obligations, representations, agreements, collateral and events of default or termination. Events of termination include conditions that may entitle counterparties to elect to terminate early and cause settlement of all outstanding transactions under the applicable ISDA Master Agreement. Any election to terminate early could be material to the financial statements. In limited circumstances, the ISDA Master Agreement may contain additional provisions that add additional counterparty protection beyond coverage of existing daily exposure if the counterparty has a decline in credit quality below a predefined level. These amounts, if any, may be segregated with a third party custodian.
The following is a summary by derivative type of the market value of OTC financial derivative instruments and collateral (received)/pledged as of September 30, 2023 ($ Thousands):
|
|
Financial Derivative Assets |
|
|
|
|
|
Financial Derivative Liabilities |
|
|
|
|
|
|
|
|
|
|
International Equity Fund |
|
Forward
Foreign
Currency
Contracts |
|
|
Swap
Agreements |
|
|
Total
Over the
Counter |
|
|
|
|
|
|
Forward
Foreign
Currency
Contracts |
|
|
Swap
Agreements |
|
|
Total
Over the
Counter |
|
|
Net Market
Value of OTC
Derivatives |
|
|
Collateral
(Received)/
Pledged* |
|
|
Net
Exposures^ |
|
Morgan Stanley |
|
$ |
— |
|
|
$ |
760 |
|
|
$ |
760 |
|
|
|
|
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
760 |
|
|
$ |
— |
|
|
|
$ 760 |
|
Total Over the Counter |
|
$ |
— |
|
|
$ |
760 |
|
|
$ |
760 |
|
|
|
|
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Derivative Assets |
|
|
|
|
|
Financial Derivative Liabilities |
|
|
|
|
|
|
|
|
|
|
International Fixed Income Fund |
|
Forward
Foreign
Currency
Contracts |
|
|
Swap
Agreements |
|
|
Total
Over the
Counter |
|
|
|
|
|
|
Forward
Foreign
Currency
Contracts |
|
|
Swap
Agreements |
|
|
Total
Over the
Counter |
|
|
Net Market
Value of OTC
Derivatives |
|
|
Collateral
(Received)/
Pledged* |
|
|
Net
Exposures^ |
|
Bank of America |
|
$ |
100 |
|
|
$ |
— |
|
|
$ |
100 |
|
|
|
|
|
|
$ |
32 |
|
|
$ |
— |
|
|
$ |
32 |
|
|
$ |
68 |
|
|
$ |
— |
|
|
|
$ 68 |
|
Barclays PLC |
|
|
2,760 |
|
|
|
— |
|
|
|
2,760 |
|
|
|
|
|
|
|
158 |
|
|
|
— |
|
|
|
158 |
|
|
|
2,602 |
|
|
|
— |
|
|
|
2,602 |
|
BMO |
|
|
3 |
|
|
|
— |
|
|
|
3 |
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
|
|
— |
|
|
|
3 |
|
BNP Paribas |
|
|
1,516 |
|
|
|
— |
|
|
|
1,516 |
|
|
|
|
|
|
|
156 |
|
|
|
— |
|
|
|
156 |
|
|
|
1,360 |
|
|
|
— |
|
|
|
1,360 |
|
Brown Brothers Harriman |
|
|
174 |
|
|
|
— |
|
|
|
174 |
|
|
|
|
|
|
|
162 |
|
|
|
— |
|
|
|
162 |
|
|
|
12 |
|
|
|
— |
|
|
|
12 |
|
CIBC |
|
|
7 |
|
|
|
— |
|
|
|
7 |
|
|
|
|
|
|
|
4 |
|
|
|
— |
|
|
|
4 |
|
|
|
3 |
|
|
|
— |
|
|
|
3 |
|
Citigroup |
|
|
537 |
|
|
|
— |
|
|
|
537 |
|
|
|
|
|
|
|
59 |
|
|
|
— |
|
|
|
59 |
|
|
|
478 |
|
|
|
— |
|
|
|
478 |
|
Credit Agricole |
|
|
19 |
|
|
|
— |
|
|
|
19 |
|
|
|
|
|
|
|
8 |
|
|
|
— |
|
|
|
8 |
|
|
|
11 |
|
|
|
— |
|
|
|
11 |
|
Deutsche Bank |
|
|
— |
|
|
|
64 |
|
|
|
64 |
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
64 |
|
|
|
— |
|
|
|
64 |
|
Goldman Sachs |
|
|
94 |
|
|
|
— |
|
|
|
94 |
|
|
|
|
|
|
|
80 |
|
|
|
— |
|
|
|
80 |
|
|
|
14 |
|
|
|
— |
|
|
|
14 |
|
HSBC |
|
|
3 |
|
|
|
— |
|
|
|
3 |
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
|
|
— |
|
|
|
3 |
|
JPMorgan Chase Bank |
|
|
2,003 |
|
|
|
— |
|
|
|
2,003 |
|
|
|
|
|
|
|
433 |
|
|
|
— |
|
|
|
433 |
|
|
|
1,570 |
|
|
|
— |
|
|
|
1,570 |
|
SEI Institutional International Trust
|
|
Financial Derivative Assets |
|
|
|
|
|
Financial Derivative Liabilities |
|
|
|
|
|
|
|
|
|
|
International Fixed Income Fund |
|
Forward
Foreign
Currency
Contracts |
|
|
Swap
Agreements |
|
|
Total
Over the
Counter |
|
|
|
|
|
|
Forward
Foreign
Currency
Contracts |
|
|
Swap
Agreements |
|
|
Total
Over the
Counter |
|
|
Net Market
Value of OTC
Derivatives |
|
|
Collateral
(Received)/
Pledged* |
|
|
Net
Exposures^ |
|
Merrill Lynch |
|
$ |
29 |
|
|
$ |
— |
|
|
$ |
29 |
|
|
|
|
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
29 |
|
|
|
— |
|
|
|
29 |
|
Midland Walwyn Capital Inc. |
|
|
24 |
|
|
|
— |
|
|
|
24 |
|
|
|
|
|
|
|
8 |
|
|
|
— |
|
|
|
8 |
|
|
|
16 |
|
|
|
— |
|
|
|
16 |
|
Morgan Stanley |
|
|
689 |
|
|
|
— |
|
|
|
689 |
|
|
|
|
|
|
|
135 |
|
|
|
— |
|
|
|
135 |
|
|
|
554 |
|
|
|
— |
|
|
|
554 |
|
RBC |
|
|
2 |
|
|
|
— |
|
|
|
2 |
|
|
|
|
|
|
|
13 |
|
|
|
— |
|
|
|
13 |
|
|
|
(11 |
) |
|
|
— |
|
|
|
(11 |
) |
RBS |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
SCB Securities |
|
|
170 |
|
|
|
— |
|
|
|
170 |
|
|
|
|
|
|
|
495 |
|
|
|
— |
|
|
|
495 |
|
|
|
(325 |
) |
|
|
— |
|
|
|
(325 |
) |
State Street |
|
|
49 |
|
|
|
— |
|
|
|
49 |
|
|
|
|
|
|
|
73 |
|
|
|
— |
|
|
|
73 |
|
|
|
(24 |
) |
|
|
— |
|
|
|
(24 |
) |
TD Securities |
|
|
124 |
|
|
|
— |
|
|
|
124 |
|
|
|
|
|
|
|
65 |
|
|
|
— |
|
|
|
65 |
|
|
|
59 |
|
|
|
— |
|
|
|
59 |
|
UBS |
|
|
219 |
|
|
|
— |
|
|
|
219 |
|
|
|
|
|
|
|
175 |
|
|
|
— |
|
|
|
175 |
|
|
|
44 |
|
|
|
— |
|
|
|
44 |
|
Westpac Banking |
|
|
47 |
|
|
|
— |
|
|
|
47 |
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
47 |
|
|
|
— |
|
|
|
47 |
|
Total Over the Counter |
|
$ |
8,569 |
|
|
$ |
64 |
|
|
$ |
8,633 |
|
|
|
|
|
|
$ |
2,056 |
|
|
$ |
— |
|
|
$ |
2,056 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Derivative Assets |
|
|
|
|
|
Financial Derivative Liabilities |
|
|
|
|
|
|
|
|
|
|
Emerging Markets Debt Fund |
|
Forward
Foreign
Currency
Contracts |
|
|
Swap
Agreements |
|
|
Total
Over the
Counter |
|
|
|
|
|
|
Forward
Foreign
Currency
Contracts |
|
|
Swap
Agreements |
|
|
Total
Over the
Counter |
|
|
Net Market
Value of OTC
Derivatives |
|
|
Collateral
(Received)/
Pledged* |
|
|
Net
Exposures^ |
|
Barclays PLC |
|
$ |
447 |
|
|
$ |
— |
|
|
$ |
447 |
|
|
|
|
|
|
$ |
149 |
|
|
$ |
— |
|
|
$ |
149 |
|
|
$ |
298 |
|
|
$ |
— |
|
|
$ |
298 |
|
BNP Paribas |
|
|
19 |
|
|
|
— |
|
|
|
19 |
|
|
|
|
|
|
|
47 |
|
|
|
— |
|
|
|
47 |
|
|
|
(28 |
) |
|
|
— |
|
|
|
(28 |
) |
Citibank |
|
|
— |
|
|
|
51 |
|
|
|
51 |
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
51 |
|
|
|
— |
|
|
|
51 |
|
Citigroup |
|
|
601 |
|
|
|
— |
|
|
|
601 |
|
|
|
|
|
|
|
1,262 |
|
|
|
— |
|
|
|
1,262 |
|
|
|
(661 |
) |
|
|
— |
|
|
|
(661 |
) |
Deutsche Bank |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
22 |
|
|
|
— |
|
|
|
22 |
|
|
|
(22 |
) |
|
|
— |
|
|
|
(22 |
) |
Goldman Sachs |
|
|
392 |
|
|
|
24 |
|
|
|
416 |
|
|
|
|
|
|
|
991 |
|
|
|
499 |
|
|
|
1,490 |
|
|
|
(1,074 |
) |
|
|
970 |
|
|
|
(104 |
) |
JPMorgan Chase Bank |
|
|
2,229 |
|
|
|
36 |
|
|
|
2,265 |
|
|
|
|
|
|
|
1,908 |
|
|
|
222 |
|
|
|
2,130 |
|
|
|
135 |
|
|
|
— |
|
|
|
135 |
|
Merrill Lynch |
|
|
15 |
|
|
|
— |
|
|
|
15 |
|
|
|
|
|
|
|
— |
|
|
|
34 |
|
|
|
34 |
|
|
|
(19 |
) |
|
|
— |
|
|
|
(19 |
) |
Midland Walwyn Capital Inc. |
|
|
19 |
|
|
|
— |
|
|
|
19 |
|
|
|
|
|
|
|
188 |
|
|
|
— |
|
|
|
188 |
|
|
|
(169 |
) |
|
|
— |
|
|
|
(169 |
) |
Morgan Stanley |
|
|
256 |
|
|
|
— |
|
|
|
256 |
|
|
|
|
|
|
|
382 |
|
|
|
— |
|
|
|
382 |
|
|
|
(126 |
) |
|
|
100 |
|
|
|
(26 |
) |
SCB Securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
26 |
|
|
|
— |
|
|
|
26 |
|
|
|
(26 |
) |
|
|
— |
|
|
|
(26 |
) |
Standard Bank |
|
|
1,224 |
|
|
|
— |
|
|
|
1,224 |
|
|
|
|
|
|
|
481 |
|
|
|
— |
|
|
|
481 |
|
|
|
743 |
|
|
|
— |
|
|
|
743 |
|
State Street |
|
|
11 |
|
|
|
— |
|
|
|
11 |
|
|
|
|
|
|
|
1 |
|
|
|
— |
|
|
|
1 |
|
|
|
10 |
|
|
|
— |
|
|
|
10 |
|
Total Over the Counter |
|
$ |
5,213 |
|
|
$ |
111 |
|
|
$ |
5,324 |
|
|
|
|
|
|
$ |
5,457 |
|
|
$ |
755 |
|
|
$ |
6,212 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
^ Net Exposures represents the net receivable/(payable) that would be due from/to the counterparty in the event of default. Exposure from OTC financial derivative instruments can only be netted across transactions governed under the same master agreement with the same legal entity.
* Excess collateral pledged is not shown for financial reporting purposes.
No securities have been pledged or have been received as collateral for OTC financial derivative instruments as governed by ISDA Master Agreements as of September 30, 2023.
SEI Institutional International Trust
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2023
The following table discloses the average quarterly balances of the Funds’ derivative activity during the year ended September 30, 2023 ($ Thousands):
|
|
International Equity Fund |
|
|
Emerging Markets Equity Fund |
|
|
International Fixed Income Fund |
|
|
Emerging Markets Debt Fund |
|
Futures Contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Notional Balance Long |
|
$ |
47,013 |
|
|
$ |
24,140 |
|
|
$ |
66,202 |
|
|
$ |
66,415 |
|
Average Notional Balance Short |
|
|
– |
|
|
|
– |
|
|
|
55,141 |
|
|
|
23,773 |
|
Forward Foreign Currency Contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Notional Balance Long |
|
|
– |
|
|
|
– |
|
|
|
904,413 |
|
|
|
644,371 |
|
Average Notional Balance Short |
|
|
– |
|
|
|
– |
|
|
|
906,363 |
|
|
|
644,475 |
|
Credit Default Swaps: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Notional Balance Buy Protection |
|
|
– |
|
|
|
– |
|
|
|
2,309 |
|
|
|
15,086 |
|
Average Notional Balance Sell Protection |
|
|
– |
|
|
|
– |
|
|
|
2,901 |
|
|
|
– |
|
Total Return Swaps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Notional Balance Long |
|
|
3,723 |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
Average Notional Balance Short |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
Interest Rate Swaps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Notional Balance |
|
|
– |
|
|
|
– |
|
|
|
38,675 |
|
|
|
203,476 |
|
Options/Swaptions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Notional Balance Long† |
|
|
– |
|
|
|
– |
|
|
|
2 |
|
|
|
– |
|
5. INVESTMENT ADVISORY, ADMINISTRATION AND DISTRIBUTION AGREEMENTS, INVESTMENT SUB-ADVISORY AGREEMENTS AND OTHER TRANSACTIONS WITH AFFILIATES
Investment Advisory, Administration and Distribution Agreements — SIMC serves as investment adviser (the “Adviser”) to each Fund. In connection with serving as Adviser, SIMC is entitled to a fee, which is calculated daily and paid monthly, based on the average daily net assets of each fund.
SEI Investments Global Funds Services (the “Administrator”) provides administrative and transfer agency services to the Funds for annual fees, based on the average daily net assets of each fund.
SEI Investments Distribution Co. (the “Distributor”) is the distributor of the shares of the Funds. The Funds have adopted a shareholder services plan and agreement (the Service Plan) with respect to Class F (formerly Class A) and Class I Shares that allows such shares to pay service providers a fee, based on average daily net assets of each respective Class of Shares, in connection with the ongoing servicing of shareholder accounts owning such shares. The International Equity Fund has also adopted an administrative services plan and agreement (the Administrative Service Plan) with respect to Class I Shares that allows such Shares to pay service providers a fee, based on average daily net assets of the Class I Shares, in connection with ongoing administrative services for shareholder accounts owning such Shares.
The Service Plan and Administrative Service Plan provide that shareholder service fees and administrative
service fees, respectively, on Class F (formerly Class A) and Class I Shares will be paid to the Distributor, which may then be used by the Distributor to compensate financial intermediaries for providing shareholder services and administrative services, as applicable, with respect to the Shares.
The Adviser, Administrator and/or Distributor have voluntarily agreed to waive a portion of their fees in order to keep total direct operating expenses (exclusive of interest from borrowings, brokerage commissions, taxes, Trustees fees and extraordinary expenses not incurred in the ordinary course of the Funds’ business) at a specified level. The voluntary waivers by the Funds’ Adviser, Administrator and/or Distributor are limited to the Funds’ direct operating expenses and, therefore, do not apply to indirect expenses incurred by the Funds, such as acquired fund fees and expenses (AFFE). The waivers are voluntary and the Funds’ Adviser, Administrator and/or Distributor may discontinue all or part of any of these waivers at any time.
SEI Institutional International Trust
The following is a summary of annual fees payable to the Adviser and Distributor and the contractual and voluntary expense limitations for each Fund:
|
|
Advisory
Fee |
|
|
Shareholder
Servicing Fee |
|
|
Administrative
Servicing Fee |
|
|
Voluntary Expense Limitation |
|
International Equity Fund |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class F |
|
|
0.51 |
% |
|
|
0.25 |
% |
|
|
— |
|
|
|
1.15 |
% |
Class I |
|
|
0.51 |
% |
|
|
0.25 |
% |
|
|
0.25 |
% |
|
|
1.40 |
% |
Class Y |
|
|
0.51 |
% |
|
|
— |
|
|
|
— |
|
|
|
0.90 |
% |
Emerging Markets Equity Fund*# |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class F |
|
|
0.85 |
% |
|
|
0.25 |
% |
|
|
— |
|
|
|
1.46 |
%** |
Class Y |
|
|
0.85 |
% |
|
|
— |
|
|
|
— |
|
|
|
1.21 |
%** |
International Fixed Income Fund |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class F |
|
|
0.30 |
% |
|
|
0.25 |
% |
|
|
— |
|
|
|
1.01 |
%† |
Class Y |
|
|
0.30 |
% |
|
|
— |
|
|
|
— |
|
|
|
0.76 |
%† |
Emerging Markets Debt Fund* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class F |
|
|
0.65 |
% |
|
|
0.25 |
% |
|
|
— |
|
|
|
1.11 |
%‡ |
Class Y |
|
|
0.65 |
% |
|
|
— |
|
|
|
— |
|
|
|
0.86 |
%‡ |
* Prior to July 1, 2023, the advisory fees were 1.05% and 0.85% for Emerging Markets Equity Fund and Emerging Markets Debt Fund, respectively.
# Prior to July 1, 2023, SIMC contractually agreed to waive its advisory fee as necessary to keep the advisory fees paid by the Fund during the fiscal year from exceeding 0.95%. The agreement was terminated with the consent of the Board of Trustees.
**Prior to July 1, 2023, the Emerging Markets Equity Fund did not have a voluntary expense limitation.
† Prior to July 1, 2023, the voluntary expense limitation was 1.02% and 0.77% for International Fixed Income Fund Class F and Y,
respectively.
‡ Prior to July 1, 2023, the voluntary expense limitation was 1.36% and 1.11% for Emerging Markets Debt Fund Class F and Y, respectively.
The following is a summary of annual fees payable to the Administrator prior to July 1, 2023:
|
|
First $1.5 Billion of Assets |
|
|
Next $500 Million of Assets |
|
|
Next $500 Million of Assets |
|
|
Next $500 Million of Assets |
|
|
Over $3 Billion of Assets |
|
International Equity Fund |
|
|
0.450 |
% |
|
|
0.370 |
% |
|
|
0.2900 |
% |
|
|
0.210 |
% |
|
|
0.130 |
% |
Emerging Markets Equity Fund |
|
|
0.450 |
% |
|
|
0.370 |
% |
|
|
0.2900 |
% |
|
|
0.210 |
% |
|
|
0.130 |
% |
International Fixed Income Fund |
|
|
0.450 |
% |
|
|
0.370 |
% |
|
|
0.2900 |
% |
|
|
0.210 |
% |
|
|
0.130 |
% |
Emerging Markets Debt Fund |
|
|
0.450 |
% |
|
|
0.370 |
% |
|
|
0.2900 |
% |
|
|
0.210 |
% |
|
|
0.130 |
% |
Effective July 1, 2023, the annual fees payable to the Administrator are as follows:
|
|
First $1.5 Billion of Assets |
|
|
Next $500 Million of Assets |
|
|
Next $500 Million of Assets |
|
|
Next $500 Million of Assets |
|
|
Over $3 Billion of Assets |
|
International Equity Fund |
|
|
0.400 |
% |
|
|
0.340 |
% |
|
|
0.280 |
% |
|
|
0.235 |
% |
|
|
0.200 |
% |
Emerging Markets Equity Fund |
|
|
0.400 |
% |
|
|
0.340 |
% |
|
|
0.280 |
% |
|
|
0.235 |
% |
|
|
0.200 |
% |
International Fixed Income Fund |
|
|
0.400 |
% |
|
|
0.340 |
% |
|
|
0.280 |
% |
|
|
0.235 |
% |
|
|
0.200 |
% |
Emerging Markets Debt Fund |
|
|
0.400 |
% |
|
|
0.340 |
% |
|
|
0.280 |
% |
|
|
0.235 |
% |
|
|
0.200 |
% |
Investment Sub-Advisory Agreements — As of September 30, 2023, SIMC has entered into Investment Sub-Advisory Agreements with the following parties:
Investment Sub-Adviser
International Equity Fund
Acadian Asset Management LLC
Causeway Capital Management LLC
Delaware Investments Fund Advisers, a series of Macquarie Asset Management Business Trust
Lazard Asset Management LLC
Pzena Investment Management, LLC
WCM Investment Management LLC
Emerging Markets Equity Fund
Aikya Investment Management Limited
JOHCM (USA) Inc.
KBI Global Investors (North America) Ltd.
Qtron Investments LLC
Robeco Institutional Asset Management US Inc.
International Fixed Income Fund
AllianceBernstein L.P.
Colchester Global Investors Limited
Wellington Management Company LLP
Emerging Markets Debt Fund
Colchester Global Investors Limited
Marathon Asset Management, L.P.
Neuberger Berman Investment Advisers LLC
SEI Institutional International Trust
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2023
Ninety One UK Ltd.
Stone Harbor Investment Partners LP, a division of Virtus Fixed Income Advisers, LLC
Under the investment sub-advisory agreements, each sub-adviser receives a fee, paid by SIMC.
Brokerage Commissions Paid to Affiliates — The Distributor may receive compensation on fund transactions effected for the Trust in accordance with the rules of the Securities and Exchange Commission (“SEC”). Accordingly, it is expected that fund transactions may result in brokerage commissions being paid to the Distributor. The SEC rules require that such commissions not exceed usual and customary commissions.
Such commissions for the year ended September 30, 2023, were as follows ($ Thousands):
Emerging Markets Equity Fund |
|
$ |
37 |
|
Fees Paid Indirectly — The Funds may direct certain fund trades to the Distributor who pays a portion of the Fund’s expenses. Accordingly, the expenses reduced, which were used to pay third party expenses, and the effect on the Fund’s expense ratio, as a percentage of the Fund’s average daily net assets for the year ended September 30, 2023 can be found on the Statement of Operations and Financial Highlights, if applicable.
Investment in Affiliated Securities — The Funds may invest in the SEI Daily Income Trust Government Fund, an affiliated money market fund to manage excess cash or to serve as margin or collateral for derivative positions. Additionally, the Funds may invest cash collateral from the securities lending program in the SEI Liquidity Fund, LP, also an affiliated fund.
Payment to Affiliates — Certain Officers and Trustees of the Trust are also Officers and/or Directors of the Administrator, Adviser and/or the Distributor.
The Trust pays each unaffiliated Trustee an annual fee for attendance at quarterly, interim, and committee meetings. The Administrator or the Distributor pays compensation of Officers and affiliated Trustees.
A portion of the services provided by the Chief Compliance Officer (“CCO”) and his staff, whom are employees of the Administrator, are paid for by the Trust as incurred. The services include regulatory oversight of the Trust’s Adviser, sub-advisers and service providers.
Interfund Lending — The SEC has granted an exemption that permits the Trust to participate in an interfund lending program (“The Program”) with existing or future investment companies registered under the 1940 Act that are advised by SIMC (the “SEI Funds”). The Program allows the SEI Funds to lend money to and borrow
money from each other for temporary or emergency purposes. Participation in The Program is voluntary for both borrowing and lending funds. Interfund loans may be made only when the rate of interest to be charged is more favorable to the lending fund than an investment in overnight repurchase agreements (“Repo Rate”), and more favorable to the borrowing fund than the rate of interest that would be charged by a bank for short-term borrowings (“Bank Loan Rate”). The Bank Loan Rate will be determined using a formula reviewed annually by the SEI Funds’ Board of Trustees. The interest rate imposed on interfund loans is the average of the Repo Rate and the Bank Loan Rate. As of and during the year ended September 30, 2023, the Trust has not participated in the Program.
6. INVESTMENT TRANSACTIONS
The cost of security purchases and the proceeds from the sale of securities,
other than temporary cash investments, during the year ended September 30, 2023, were as follows:
| |
International Equity Fund ($ Thousands) | | |
Emerging Markets Equity Fund ($ Thousands) | | |
International Fixed Income Fund ($ Thousands) | | |
Emerging Markets Debt Fund ($ Thousands) | |
Purchases | |
| | | |
| | | |
| | | |
| | |
U.S. Government | |
$ | — | | |
$ | — | | |
$ | 8,256 | | |
$ | — | |
Other | |
| 3,344,353 | | |
| 1,342,695 | | |
| 176,683 | | |
| 1,141,763 | |
Sales | |
| | | |
| | | |
| | | |
| | |
U.S. Government | |
| — | | |
| — | | |
| 4,961 | | |
| 11,244 | |
Other | |
| 3,916,654 | | |
| 1,426,079 | | |
| 217,259 | | |
| 1,238,119 | |
SEI Institutional International Trust
7. FEDERAL TAX INFORMATION:
It is each Fund’s intention to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code and distribute all of its taxable income (including net capital gains). Accordingly, no provision for Federal income taxes is required.
The Funds may be subject to taxes imposed by countries in which they invest with respect to their investments in issuers existing or operating in such countries. Such taxes are generally based on income earned. The Funds accrue such taxes when the related income is earned.
Dividends from net investment income and distributions from net realized capital gains are determined in accordance with U.S. Federal income tax regulations, which may differ from those amounts determined under U.S. GAAP. These book/tax differences are either temporary or permanent in nature. To the extent these differences are permanent, they are charged or
credited to paid-in capital and distributable earnings, as appropriate, in the period that the differences arise.
The permanent differences are primarily attributable to different treatment for gains and losses on paydowns of mortgage and asset backed securities for tax purposes, defaulted bond basis adjustments, reclassification of long term capital gain distributions on REIT securities, reclassification of income and expense from swap transactions, gains and losses on passive foreign investment companies, certain foreign currency related transactions, and reclassification of distributions. The permanent difference that is charged or credited to Pain-In Capital and Distributable Earnings is primarily related to distribution in excess of net investment income.
|
|
Distrubutable Earnings (Loss)
($ Thousands) |
|
|
Paid-in Capital
($ Thousands) |
|
International Fixed Income Fund |
|
$ |
812 |
|
|
$ |
(812 |
) |
These reclassifications
had no impact on net assets or net asset value per share.
The tax character of dividends and distributions declared during the last two years were as follows:
| |
| | |
Ordinary Income ($ Thousands) | | |
Long-term Capital Gain ($ Thousands) | | |
Total ($ Thousands) | |
International Equity Fund | |
| 2023 | | |
$ | 69,045 | | |
$ | — | | |
$ | 69,045 | |
| |
| 2022 | | |
| 273,801 | | |
| 333,275 | | |
| 607,076 | |
Emerging Markets Equity Fund | |
| 2023 | | |
| 29,666 | | |
| — | | |
| 29,666 | |
| |
| 2022 | | |
| 22,606 | | |
| 147,145 | | |
| 169,751 | |
International Fixed Income Fund | |
| 2023 | | |
| 51,577 | | |
| 1,610 | | |
| 53,187 | |
| |
| 2022 | | |
| 6,393 | | |
| 5,453 | | |
| 11,846 | |
Emerging Markets Debt Fund | |
| 2023 | | |
| 48,046 | | |
| — | | |
| 48,046 | |
| |
| 2022 | | |
| 24,809 | | |
| — | | |
| 24,809 | |
As of September 30, 2023, the components of Distributable Earnings (Accumulated Losses) were as follows:
|
|
Undistributed
Ordinary
Income
($ Thousands) |
|
|
Undistributed
Long-Term
Capital Gain
($ Thousands) |
|
|
Capital
Loss
Carryforwards
($ Thousands) |
|
|
Post
October
Losses
($ Thousands) |
|
|
Late Year
Ordinary
Losses
($ Thousands) |
|
|
Unrealized
Appreciation
(Depreciation)
($ Thousands) |
|
|
Other
Temporary
Differences
($ Thousands) |
|
|
Total
Distributable Earnings
(Accumulated
Losses)
($ Thousands) |
|
International Equity Fund |
|
$ |
80,039 |
|
|
$ |
— |
|
|
$ |
(61,705 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
172,853 |
|
|
$ |
— |
|
|
$ |
191,187 |
|
Emerging Markets Equity Fund |
|
|
22,550 |
|
|
|
— |
|
|
|
(115,070 |
) |
|
|
(9,152 |
) |
|
|
— |
|
|
|
6,944 |
|
|
|
(1 |
) |
|
|
(94,729 |
) |
International Fixed Income Fund |
|
|
— |
|
|
|
— |
|
|
|
(922 |
) |
|
|
(14,540 |
) |
|
|
(22,243 |
) |
|
|
(72,134 |
) |
|
|
(1,881 |
) |
|
|
(111,720 |
) |
Emerging Markets Debt Fund |
|
|
12,468 |
|
|
|
— |
|
|
|
(157,007 |
) |
|
|
(67,591 |
) |
|
|
— |
|
|
|
(155,784 |
) |
|
|
(14,740 |
) |
|
|
(382,654 |
) |
Post-October losses represent losses
realized on investment transactions from November 1, 2022 through September 30, 2023 that, in accordance
with Federal income tax regulations, the Funds may elect to defer and treat as having arisen in the following fiscal year.
For Federal income tax purposes, capital loss carryforwards
may be carried forward and applied against future capital gains.
The Funds have capital losses carried forward as
follows:
SEI Institutional International Trust
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2023
| |
Short-Term Loss ($ Thousands) | | |
Long-Term Loss ($ Thousands) | | |
Total ($ Thousands) | |
International Equity Fund | |
| 61,705 | | |
| – | | |
| 61,705 | |
Emerging Markets Equity Fund | |
| 115,070 | | |
| – | | |
| 115,070 | |
International Fixed Income Fund | |
| 526 | | |
| 396 | | |
| 922 | |
Emerging Markets Debt Fund | |
| 112,934 | | |
| 44,073 | | |
| 157,007 | |
For Federal income tax purposes, the cost of securities owned at September 30, 2023, and the net realized gains or losses on securities sold for the period were not materially different from amounts reported for financial reporting purposes. These differences are primarily due to investments in derivatives, passive foreign investment companies and wash sales which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. The aggregate gross unrealized appreciation and depreciation on total investments held by the Funds at September 30, 2023, was as follows:
|
|
Federal Tax Cost
($ Thousands) |
|
|
Appreciated
Securities
($ Thousands) |
|
|
Depreciated
Securities
($ Thousands) |
|
|
Net Unrealized
Appreciation/
(Depreciation)
($ Thousands) |
|
International Equity Fund |
|
$ |
3,521,081 |
|
|
$ |
— |
|
|
$ |
172,853 |
|
|
$ |
172,853 |
|
Emerging Markets Equity Fund |
|
|
1,385,417 |
|
|
|
173,494 |
|
|
|
(166,550 |
) |
|
|
6,944 |
|
International Fixed Income Fund |
|
|
492,924 |
|
|
|
1,593 |
|
|
|
(73,727 |
) |
|
|
(72,134 |
) |
Emerging Markets Debt Fund |
|
|
1,309,546 |
|
|
|
14,339 |
|
|
|
(170,123 |
) |
|
|
(155,784 |
) |
Management has analyzed the Funds’ tax positions taken on federal income tax returns for all open tax years and has concluded that as of September 30, 2023, no provision for income tax would be required in the Funds’ financial statements. The Funds’ federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.
8. CONCENTRATION/RISKS
In the normal course of business, the Trust enters into contracts that provide general indemnifications by the Trust to the counterparty to the contract. The Trust’s maximum exposure under these arrangements is dependent on future claims that may be made against the Trust and, therefore, cannot be estimated; however, management believes that, based on experience, the risk of loss from such claims is considered remote.
To the extent consistent with its Investment Strategy, a Fund may have one of more of the following principal risks:
Asset-Backed Securities Risk — Payment of principal and interest on asset-backed securities is dependent largely on the cash flows generated by the assets backing the securities. Securitization trusts generally do not have any assets or sources of funds other than the receivables and related property they own, and asset-backed securities are generally not insured or guaranteed by the related sponsor or any other entity. Asset-backed
securities may be more illiquid than more conventional types of fixed-income securities that the Funds acquire.
Credit Risk — The risk that the issuer of a security or the counterparty to a contract will default or otherwise become unable to honor a financial obligation.
Currency Risk — As a result of a Fund’s investments in active positions in currencies and securities or other investments denominated in, and/or receiving revenues in, foreign currencies and the Fund’s active management of its currency exposures, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund would be adversely affected. Due to the Fund’s active positions in currencies, it will be subject to the risk that currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.
Economic Risks of Global Health Events — Global health events and pandemics, such as COVID-19, have the ability to affect—quickly, drastically and substantially the economies of many nations, states, individual companies and the markets in general and can cause disruptions that cannot necessarily be foreseen. The spread of COVID-19 around the world in 2020 resulted in a substantial number of nations implementing social distancing measures, quarantines, and the shutdown of non-essential businesses and governmental services. Further, it has caused significant volatility in U.S. and international markets. The impact of the outbreak may be short term or may last for an extended period of time.
Foreign Investment/Emerging Markets Risk — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be
SEI Institutional International Trust
different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund to sell such investments at inopportune times, which could result in losses to the Fund.
Interest Rate Risk — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Fund invests. Generally, the value of the Fund’s fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value of liquidity of instruments held by the Fund. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.
Market Risk — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Equity markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters, epidemics, pandemics or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. The prices of the Fund’s fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, the Fund’s fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could further decrease liquidity and/or increase volatility in the fixed income markets. Markets for fixed income securities may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters, epidemics, pandemics or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both
the short- and long-term. In response to these events, the Fund’s value may fluctuate and/or the Fund may experience increased redemptions from shareholders, which may impact the Fund’s liquidity or force the Fund to sell securities into a declining or illiquid market.
Mortgage-Backed Securities Risk — Mortgage-backed securities are affected significantly by the rate of prepayments and modifications of the mortgage loans backing those securities, as well as by other factors such as borrower defaults, delinquencies, realized or liquidation losses and other shortfalls. Mortgage-backed securities are particularly sensitive to prepayment risk, which is described below, given that the term to maturity for mortgage loans is generally substantially longer than the expected lives of those securities; however, the timing and amount of prepayments cannot be accurately predicted. The timing of changes in the rate of prepayments of the mortgage loans may significantly affect the Funds’ actual yield to maturity on any mortgage-backed securities, even if the average rate of principal payments is consistent with the Funds’ expectation. Along with prepayment risk, mortgage-backed securities are significantly affected by interest rate risk, which is described above. In a low interest rate environment, mortgage loan prepayments would generally be expected to increase due to factors such as refinancing and loan modifications at lower interest rates. In contrast, if prevailing interest rates rise, prepayments of mortgage loans would generally be expected to decline and therefore extend the weighted average lives of mortgage-backed securities held or acquired by the Funds.
Please refer to each Fund’s current prospectus for additional disclosure regarding the risks associated with investing in the Funds. The foregoing is not intended to be a complete discussion of the risks associated with the investment strategies of the Funds.
9. SECURITIES LENDING
A Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Trust’s Board of Trustees. These loans may not exceed 33 1/3% of the total asset value of a Fund (including the loan collateral). No Fund will lend portfolio securities to its Adviser, sub-adviser or their affiliates unless it has applied for and received specific authority to do so from the SEC. Loans of portfolio securities will be fully collateralized by cash. Collateral will be maintained in an amount equal to at least 100% of the current market value of the loaned securities by marking to market daily, although the borrower will be required to deliver collateral between 102% and 105% of the market value of borrowed securities for domestic and
SEI Institutional International Trust
NOTES TO FINANCIAL STATEMENTS (Concluded)
September 30, 2023
foreign securities, respectively. However, due to market fluctuations during the day, the value of securities loaned on a particular day may, during the course of the day, exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks, including the risk that a Fund may be delayed or restricted from recovering the loaned securities or disposing of the collateral for the loan which could give rise to loss because of adverse market actions expenses and/or delays in connection with the disposition of the underlying securities.
Cash collateral received in connection with securities lending is invested in eligible securities by the lending agent. These investments may include the SEI Liquidity Fund, LP (“Liquidity Fund”) and the Fund bears its pro rata portion of the Liquidity Fund’s expenses and is subject to the risk of loss in the underlying investments of the Liquidity Fund and losses on such investment. There is no guarantee that these investments will not lose value.
The following is a summary of securities lending agreements held by certain Funds which would be subject to offset as of September 30, 2023 ($ Thousands):
|
|
Securities Loaned at Value |
|
|
Cash Collateral Received(1) |
|
|
Net Amount |
|
International Equity Fund |
|
$ |
6,663 |
|
|
$ |
6,663 |
|
|
$ |
— |
|
Emerging Markets Equity Fund |
|
|
2,053 |
|
|
|
2,053 |
|
|
|
— |
|
Emerging Markets Debt Fund |
|
|
13,497 |
|
|
|
13,497 |
|
|
|
— |
|
(1) Excess collateral received in connection with the above securities lending transactions is not shown for financial reporting purposes. See each Fund’s Schedule of Investments for the total collateral received.
10. CONCENTRATION OF SHAREHOLDERS
SEI Private Trust Company (“SPTC”) and SIMC are subsidiaries of SEI Investments Company. As of September 30, 2023, SPTC held of record the following:
Fund |
|
|
Class F |
|
|
|
Class I |
|
|
|
Class Y |
|
International Equity Fund |
|
|
96.43 |
% |
|
|
0.37 |
% |
|
|
54.75 |
% |
Emerging Markets Equity Fund |
|
|
96.39 |
% |
|
|
— |
% |
|
|
63.87 |
% |
International Fixed Income Fund |
|
|
97.96 |
% |
|
|
— |
% |
|
|
98.67 |
% |
Emerging Markets Debt Fund |
|
|
97.93 |
% |
|
|
— |
% |
|
|
69.28 |
% |
SPTC is not a direct service provider to the SEI Funds. However, SPTC performs a role in the comprehensive investment solution that SEI provides to investors. SPTC holds shares in the Funds as custodian for shareholders that are clients of independent registered investment advisers, financial planners, bank trust departments and other financial advisers. SPTC maintains omnibus accounts at the Fund’s transfer agent.
11. REGULATORY MATTERS
The U.K. Financial Conduct Authority stopped compelling or inducing banks to submit London Inter-Bank Offered Rate (LIBOR) rates. Investments impacted by the discontinuation of LIBOR may include bank loans, derivatives, floating rate securities, and other assets or liabilities tied to LIBOR. Actions by regulators have resulted in the establishment of alternative reference rates to LIBOR in most major currencies. The U.S. Federal Reserve, based on the recommendations of the New York Federal Reserve’s Alternative Reference Rate Committee (composed of major derivative market participants and their regulators), has begun publishing a Secured Overnight Financing Rate (SOFR), a broad measure of secured overnight U.S. Treasury repo rates, to replace U.S. dollar LIBOR. In response to the discontinuation of LIBOR, investors have added fallback provisions to existing contracts for investments whose value is tied to LIBOR, with most fallback provisions requiring the adoption of SOFR as a replacement rate. On March 15, 2022, the Adjustable Interest Rate Act was signed into law (the “LIBOR Act”), which, in conjunction with regulations adopted by the Federal Reserve Board, establishes SOFR as the default fallback rate for any U.S. contract without a fallback provision. As of July 1, 2023 and continuing through September 30, 2024, U.K. Financial Conduct Authority has permitted the publishing 1-, 3- and 6-month synthetic U.S. dollar LIBOR settings based on SOFR to serve as a fallback for non-U.S. contracts. Transitioning away from LIBOR may affect the value, liquidity or return of an investment or result in administrative costs or delays.
SEI Institutional International Trust
12. SUBSEQUENT EVENTS
Management has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. Based on this evaluation, no disclosure and/or adjustments were required to the financial statements as of September 30, 2023.
SEI Institutional International Trust
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders of the Funds and Board of Trustees SEI Institutional International Trust:
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of SEI Institutional International Trust, comprised of International Equity Fund, Emerging Markets Equity Fund, International Fixed Income Fund, and Emerging Markets Debt Fund (collectively, the Funds), including the schedules of investments, as of September 30, 2023, the related statements of operations the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights for each of the years in the five-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Funds as of September 30, 2023, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of September 30, 2023, by correspondence with the custodians, transfer agent, and brokers or by other appropriate auditing procedures when replies were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.
/s/ KPMG LLP
We have served as the auditor of one or more SEI Funds investment companies since 2005.
Philadelphia, Pennsylvania November 28, 2023
SEI Institutional International Trust
TRUSTEES AND OFFICERS OF THE TRUST (Unaudited)
The following chart lists Trustees and Officers as of September 30, 2023.
Set forth below are the names, addresses, ages, position with the Trust, Term of Office and Length of Time Served, the principal occupations for the last five years, number of positions in fund complex overseen by trustee, and other directorships outside the fund complex of each of the persons currently serving as Trustees and Officers of the Trust. The Trust's Statement of Additional Information ("SAI") includes additional information about the Trustees and Officers. The SAI may be obtained without charge by calling 1-800-342-5734.
Name
Address,
and Age |
Position(s)
Held with
Trusts |
Term of
Office and
Length of
Time Served1 |
Principal Occupation(s)
During Past Five Years |
Number of
Portfolios in
Fund Complex
Overseen by Trustee 2 |
Other Directorships
Held by Trustee |
INTERESTED TRUSTEES |
Robert A. Nesher
One Freedom
Valley Drive
Oaks, PA 19456
77 yrs. old
|
Chairman
of the
Board of
Trustees* |
since 1989 |
Currently performs various services on behalf
of SEI for which Mr. Nesher is compensated. |
97 |
President and Director of SEI Structured Credit Fund, LP. Director of SEI Global Master Fund plc, SEI Global Assets Fund plc, SEI Global Investments Fund plc, SEI Investments—Global Funds Services, Limited, SEI Investments Global, Limited, SEI Investments (Europe) Ltd., SEI Multi-Strategy Funds PLC, SEI Global Nominee Ltd and SEI Investments—Unit Trust Management (UK) Limited. President, Director and Chief Executive Officer of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. President, Chief Executive Officer and Trustee of SEI Liquid Asset Trust from 1989 to 2016. President, Chief Executive Officer and Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee of The KP Funds from 2013 to 2020. Vice Chairman of O'Connor EQUUS (closed-end investment company) from 2014 to 2016. Vice Chairman of Winton Series Trust from 2014 to 2017. Vice Chairman of The Advisors' Inner Circle Fund III and Winton Diversified Opportunities Fund (closed-end investment company) from 2014 to 2018. Vice Chairman of Gallery Trust from 2015 to 2018. Vice Chairman of Schroder Series Trust and Schroder Global Series Trust from 2017 to 2018. Trustee of The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, Bishop Street Funds, Frost Family of Funds and Catholic Responsible Investments Funds. President, Chief Executive Officer and Trustee of SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, Adviser Managed Trust, New Covenant Funds, SEI Catholic Values Trust and SEI Exchange Traded Funds.
|
William M. Doran
One Freedom
Valley Drive
Oaks, PA 19456
83 yrs. old |
Trustee* |
since 1988 |
Self-employed consultant since 2003. Partner, Morgan, Lewis & Bockius LLP (law firm) from 1976 to 2003). Counsel to the Trust, SEI Investments, SIMC, the Administrator and the Distributor. |
97 |
Director of SEI Investments since 1985; Secretary of SEI Investments since 1978. Director of SEI Investments Distribution Co. since 2003. Director of SEI Investments—Global Funds Services, Limited, SEI Investments Global, Limited, SEI Investments (Europe), Limited, SEI Investments (Asia) Limited, SEI Global Nominee Ltd. and SEI Investments—Unit Trust Management (UK) Limited. Trustee of SEI Liquid Asset Trust from 1982 to 2016. Trustee of O'Connor EQUUS (closed-end investment company) from 2014 to 2016. Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of Winton Series Trust from 2014 to 2017. Trustee of The Advisors’ Inner Circle Fund and The Advisors’ Inner Circle Fund II from 1991 to 2018. Trustee of Bishop Street Funds from 2006 to 2018. Trustee of The KP Funds from 2013 to 2018. Trustee of Winton Diversified Opportunities Fund (closed-end investment company) from 2014 to 2018. Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee of Schroder Series Trust and Schroder Global Series Trust from 2017 to 2021. Trustee of The Advisors’ Inner Circle Fund III, Gallery Trust, Delaware Wilshire Private Markets Fund, Delaware Wilshire Private Markets Master Fund, Delaware Wilshire Private Markets Tender Fund, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, Adviser Managed Trust, New Covenant Funds, SEI Catholic Values Trust and SEI Exchange Traded Funds. |
*
|
Messrs. Nesher and Doran are Trustees who may be deemed as “interested” persons of the Trust as that term is defined in the 1940 Act by virtue of their affiliation with SIMC and the Trust’s Distributor.
|
1
|
Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust.
|
2
|
The Fund Complex includes the following Trusts: SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Investments Trust, Adviser Managed Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Tax Exempt Trust, SEI Catholic Values Trust, New Covenant Funds and SEI Exchange Traded Funds.
|
SEI Institutional International Trust
TRUSTEES AND OFFICERS OF THE TRUST (Unaudited) (Continued)
Name
Address,
and Age |
Position(s)
Held with
Trusts |
Term of
Office and
Length of
Time Served 1 |
Principal Occupation(s)
During Past Five Years |
Number of
Portfolios
in Fund Complex
Overseen
by Trustee 2 |
Other Directorships
Held by Trustee |
TRUSTEES |
Nina Lesavoy
One Freedom
Valley Drive
Oaks, PA 19456
66 yrs. old |
Trustee |
since 2003 |
Founder and Managing Director, Avec Capital (strategic fundraising firm) since 2008. Managing Director, Cue Capital (strategic fundraising firm) from March 2002-March 2008. |
97 |
Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 2003 to 2016. Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee/Director of SEI Structured Credit Fund, L.P., SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, New Covenant Funds, Adviser Managed Trust, SEI Catholic Values Trust and SEI Exchange Traded Funds. |
James M. Williams
One Freedom
Valley Drive
Oaks, PA 19456
75 yrs. old |
Trustee |
since 2004 |
Vice President and Chief Investment Officer, J. Paul Getty Trust, Non-Profit Foundation for Visual Arts, since December 2002. President, Harbor Capital Advisors and Harbor Mutual Funds, 2000-2002. Manager, Pension Asset Management, Ford Motor Company, 1997-1999. |
97 |
Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 2004 to 2016. Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee/Director of Ariel Mutual Funds, SEI Structured Credit Fund, LP, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, New Covenant Funds, Adviser Managed Trust, SEI Catholic Values Trust and SEI Exchange Traded Funds. |
Hubert L. Harris, Jr.
One Freedom
Valley Drive
Oaks, PA 19456
80 yrs. old |
Trustee |
since 2008 |
Retired since December 2005. Owner of Harris Plantation, Inc. since 1995. Chief Executive Officer of Harris CAPM, a consulting asset and property management entity. Chief Executive Officer, INVESCO North America, August 2003-December 2005. Chief Executive Officer and Chair of the Board of Directors, AMVESCAP Retirement, Inc., January 1998- August 2005. |
97 |
Director of AMVESCAP PLC from 1993-2004. Served as a director of a bank holding company, 2003-2009. Director, Aaron’s Inc., 2012-present. Member of the Board of Councilors of the Carter Center (nonprofit corporation) and served on the boards of other non-profit organizations. Director of SEI Alpha Strategy Portfolios, LP from 2008 to 2013. Trustee of SEI Liquid Asset Trust from 2008 to 2016. Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee of SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, New Covenant Funds, Adviser Managed Trust, SEI Catholic Values Trust and SEI Exchange Traded Funds. |
Susan C. Cote
One Freedom
Valley Drive
Oaks, PA 19456
68 years old
|
Trustee |
since 2016 |
Retired since July 2015. Treasurer and Chair of Finance, Investment and Audit Committee of the New York Women's Foundation from 2012 to 2017. Member of the Ernst & Young LLP Retirement Investment Committee, 2009-2015. Global Asset Management Assurance Leader, Ernst & Young LLP from 2006-2015. Partner, Ernst & Young LLP from 1997-2015. Americas Director of Asset Management, Ernst & Young LLP from 2006-2013. Prudential, 1983-1997. |
97 |
Trustee of SEI Insurance Products Trust from 2015 to 2020. Trustee/Director of SEI Structured Credit Fund, LP, SEI Tax Exempt Trust, SEI Daily Income Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Asset Allocation Trust, SEI Institutional Investments Trust, New Covenant Funds, Adviser Managed Trust, SEI Catholic Values Trust and SEI Exchange Traded Funds. |
James B. Taylor
One Freedom
Valley Drive
Oaks, PA 19456
72 years old
|
Trustee |
since 2018 |
Retired since December 2017. Chief
Investment Officer at Georgia Tech Foundation from 2008 to 2017. Chief Investment Officer at Delta Air Lines from 1983 to 2007. Member of the Investment Committee of Institute of Electrical and Electronic Engineers from 1999 to 2004. President, Vice President and Treasurer for Southern Benefits Conference from 1998 to 2000.
|
97 |
Trustee of SEI Insurance Products Trust from 2018 to 2020. Trustee of SEI Daily Income Trust, SEI Tax Exempt Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Asset Allocation Trust, Adviser Managed Trust, New Covenant Funds, SEI Catholic Values Trust and SEI Exchange Traded Funds. |
Christine Reynolds
One Freedom
Valley Drive
Oaks, PA 19456
64 years old
|
Trustee |
since 2019 |
Retired since December 2016. Executive Vice President, Fidelity Investments from 2014-2016. President, Fidelity Pricing and Cash Management Services and Chief Financial Officer of Fidelity Funds from 2008-2014. Chief Operating Officer, Fidelity Pricing and Cash Management Services from 2007-2008. President and Treasurer, Fidelity Funds from 2004-2007. Anti-Money Laundering Officer, Fidelity Funds in 2004. Executive Vice President, Fidelity Funds from 2002-2004. Audit Partner, PricewaterhouseCoopers from 1992-2002. |
97 |
Trustee of SEI Insurance Products Trust from 2019 to 2020. Trustee of SEI Daily Income Trust, SEI Tax Exempt Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Asset Allocation Trust, Adviser Managed Trust, New Covenant Funds, SEI Catholic Values Trust and SEI Exchange Traded Funds. |
Thomas Melendez
One Freedom
Valley Drive
Oaks, PA 19456
63 years old
|
Trustee |
since 2021 |
Retired since 2019. Investment Officer and Institutional Equity Portfolio Manager at MFS Investment Management from 2002 to 2019. Director of Emerging Markets Group, General Manager of Operations in Argentina and Portfolio Manager for Latin America at Schroders Investment Management from 1994 to 2002. |
91 |
Trustee of Boston Children’s Hospital, The Partnership Inc. and Brae Burn Country Club (non-profit organizations). Trustee of SEI Daily Income Trust, SEI Tax Exempt Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Asset Allocation Trust, SEI Exchange Traded Funds and Adviser Managed Trust. Independent Consultant of New Covenant Funds and SEI Catholic Values Trust. |
1
|
Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust.
|
2
|
The Fund Complex includes the following Trusts: SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Investments Trust, Adviser Managed Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Tax Exempt Trust, Catholic Values Trust, New Covenant Funds and SEI Exchange Traded Funds.
|
SEI Institutional International Trust
Name
Address,
and Age |
Position(s) Held with Trusts |
Term of Office and Length of Time Served1 |
Principal Occupation(s)
During Past Five Years2 |
Number of Portfolios in Fund Complex Overseen by Trustee |
Other Directorships
Held by Trustee |
OFFICERS |
Robert A. Nesher
One Freedom
Valley Drive
Oaks, PA 19456
77 yrs. old |
President
and CEO |
since 2005 |
Currently performs various services on behalf of SEI for which Mr. Nesher is compensated. |
N/A |
N/A |
Glenn R. Kurdziel
One Freedom
Valley Drive
Oaks, PA 19456
49 yrs. old |
Controller and Chief Financial Officer |
since 2023 |
Controller and Chief Financial Officer of SEI Daily Income Trust, SEI Tax Exempt Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Asset Allocation Trust, SEI Institutional Investments Trust, Adviser Managed Trust, New Covenant Funds, SEI Catholic Values Trust and SEI Exchange Traded Funds since August 2023. Assistant Controller of SEI Daily Income Trust, SEI Tax Exempt Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Asset Allocation Trust, SEI Institutional Investments Trust, Adviser Managed Trust, New Covenant Funds and SEI Catholic Values Trust from 2017 to 2023. Assistant Controller of SEI Exchange Traded Funds from 2022 to 2023. Senior Manager, Funds Accounting, SEI Investments Global Funds Services from 2005-2023. |
N/A |
N/A |
Stephen Panner
One Freedom
Valley Drive
Oaks, PA 19456
53 yrs. old |
Chief Compliance Officer |
since 2022 |
Chief Compliance Officer of SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Investments Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Tax Exempt Trust, Adviser Managed Trust, New Covenant Funds, SEI Catholic Values Trust, SEI Exchange Traded Funds, SEI Structured Credit Fund, L.P., The Advisors' Inner Circle Fund, The Advisors' Inner Circle Fund II, The Advisors' Inner Circle Fund III, Bishop Street Funds, Frost Family of Funds, Gallery Trust, Delaware Wilshire Private Markets Fund, Delaware Wilshire Private Markets Master Fund, Delaware Wilshire Private Markets Tender Fund and Catholic Responsible Investments Funds since September 2022. Fund Compliance Officer of SEI Investments Company from February 2011 to September 2022. Fund Accounting Director and CFO and Controller for the SEI Funds from July 2005 to February 2011. |
N/A |
N/A |
Timothy D. Barto
One Freedom
Valley Drive
Oaks, PA 19456
55 yrs. old |
Vice
President
and
Secretary |
since 2002 |
Vice President and Secretary of SEI Institutional Transfer Agent, Inc. since 2009. General Counsel and Secretary of SIMC since 2004. Vice President of SIMC and the Administrator since 1999. Vice President and Assistant Secretary of SEI since 2001. |
N/A |
N/A |
David F. McCann
One Freedom
Valley Drive,
Oaks, PA 19456
47 yrs. old |
Vice President and Assistant Secretary |
since 2009 |
General Counsel and Secretary of SEI Institutional Transfer Agent, Inc. since 2020. Vice President and Assistant Secretary of SEI Institutional Transfer Agent, Inc. from 2009-2020. Vice President and Assistant Secretary of SIMC since 2008. Attorney, Drinker Biddle & Reath, LLP (law firm), May 2005 - October 2008. |
N/A |
N/A |
Katherine Mason
One Freedom
Valley Drive
Oaks, PA 19456
43 yrs. Old |
Vice President and Assistant Secretary |
since 2022 |
Consulting Attorney, Hirtle, Callaghan & Co. from October 2021 – June 2022. Attorney, Stradley Ronon Stevens & Young from September 2007 – July 2012. |
N/A |
N/A |
Stephen G. MacRae
One Freedom
Valley Drive,
Oaks, PA 19456
55 yrs. old |
Vice
President |
since 2012 |
Director of Global Investment Product Management since January 2004.
|
N/A |
N/A |
Donald Duncan
One Freedom
Valley Drive
Oaks, PA 19456
59 yrs. old |
Anti-Money
Laundering
Compliance
Officer and
Privacy
Officer
|
since 2023 |
Anti-Money Laundering Compliance Officer and Privacy Officer of SEI Asset Allocation Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Institutional Managed Trust, SEI Tax Exempt Trust, Adviser Managed Trust, New Covenant Funds, SEI Catholic Values Trust, SEI Exchange Traded Funds since 2023. Chief Compliance Officer and Global Head of Anti-Money Laundering Strategy of SEI Investments Company since January 2023. Head of Global Anti-Money Laundering Program for Hamilton Lane Advisors, LLC from August 2021 until December 2022. Senior VP and Supervising Principal of Hamilton Lane Securities, LLC from June 2016 to August 2021. Senior Director at AXA-Equitable from June 2011 until May 2016. Senior Director at PRUCO Securities, a subsidiary of Prudential Financial, Inc. from October 2005 until December 2009. |
N/A |
N/A |
SEI Institutional International Trust
TRUSTEES AND OFFICERS OF THE TRUST (Unaudited) (Concluded)
1
|
Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust.
|
2
|
The Fund Complex includes the following Trusts: SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Investments Trust, Adviser Managed Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Tax Exempt Trust, SEI Catholic Values Trust, New Covenant Funds and SEI Exchange Traded Funds.
|
SEI Institutional International Trust
DISCLOSURE OF FUND EXPENSES (Unaudited)
September 30, 2023
All mutual funds have operating expenses. As a shareholder of a fund, your investment is affected by these ongoing costs, which include (among others) costs for portfolio management, administrative services, and shareholder reports like this one. It is important for you to understand the impact of these costs on your investment returns.
Operating expenses such as these are deducted from the fund’s gross income and directly reduce your final investment return. These expenses are expressed as a percentage of the fund’s average net assets; this percentage is known as the fund’s expense ratio.
The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period April 1, 2023 to September 30, 2023.
The table on this page illustrates your fund’s costs in two ways:
● Actual fund return. This section helps you to estimate the actual expenses after fee waivers that your Fund incurred over the period. The “Expenses Paid During Period” column shows the actual dollar expense cost incurred by a $1,000 investment in the Fund, and the “Ending Account Value” number is derived from deducting that expense cost from the Fund’s gross investment return.
You can use this information, together with the actual amount you invested in the Fund, to estimate the expenses you paid over that period. Simply divide your actual account value by $1,000 to arrive at a ratio (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply that ratio by the number shown for your Fund under “Expenses Paid During Period”.
● Hypothetical 5% return. This section helps you compare your Fund’s costs with those of other mutual funds. It assumes that the fund had an annual 5% return before expenses during the year, but that the expense ratio (Column 3) for the period is unchanged. This example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to make this 5% calculation. You can assess your Fund’s comparative cost by comparing the hypothetical result for your Fund in the “Expense Paid During Period” column with those that appear in the same charts in the shareholder reports for other funds.
NOTE: Because the return is set at 5% for comparison purposes — NOT your Fund’s actual return — the account values shown may not apply to your specific investment.
|
|
Beginning
Account
Value
4/1/23 |
|
|
Ending
Account
Value
9/30/23 |
|
|
Annualized
Expense
Ratios |
|
|
Expenses
Paid
During
Period * |
|
International Equity Fund |
Actual Fund Return |
Class F |
|
$ |
1,000.00 |
|
|
$ |
991.80 |
|
|
|
1.10 |
% |
|
$ |
5.49 |
|
Class I |
|
|
1,000.00 |
|
|
|
990.90 |
|
|
|
1.35 |
|
|
|
6.74 |
|
Class Y |
|
|
1,000.00 |
|
|
|
993.60 |
|
|
|
0.85 |
|
|
|
4.25 |
|
Hypothetical 5% Return |
Class F |
|
$ |
1,000.00 |
|
|
$ |
1,019.55 |
|
|
|
1.10 |
% |
|
$ |
5.57 |
|
Class I |
|
|
1,000.00 |
|
|
|
1,018.30 |
|
|
|
1.35 |
|
|
|
6.83 |
|
Class Y |
|
|
1,000.00 |
|
|
|
1,020.81 |
|
|
|
0.85 |
|
|
|
4.31 |
|
Emerging Markets Equity Fund |
Actual Fund Return |
Class F |
|
$ |
1,000.00 |
|
|
$ |
970.20 |
|
|
|
1.62 |
% |
|
$ |
8.00 |
|
Class Y |
|
|
1,000.00 |
|
|
|
971.20 |
|
|
|
1.36 |
|
|
|
6.72 |
|
Hypothetical 5% Return |
Class F |
|
$ |
1,000.00 |
|
|
$ |
1,016.95 |
|
|
|
1.62 |
% |
|
$ |
8.19 |
|
Class Y |
|
|
1,000.00 |
|
|
|
1,018.25 |
|
|
|
1.36 |
|
|
|
6.88 |
|
|
|
Beginning
Account
Value
4/1/23 |
|
|
Ending
Account
Value
9/30/23 |
|
|
Annualized
Expense
Ratios |
|
|
Expenses
Paid
During
Period * |
|
International Fixed Income Fund |
Actual Fund Return |
Class F |
|
$ |
1,000.00 |
|
|
$ |
986.80 |
|
|
|
1.02 |
% |
|
$ |
5.08 |
|
Class Y |
|
|
1,000.00 |
|
|
|
989.20 |
|
|
|
0.77 |
|
|
|
3.84 |
|
Hypothetical 5% Return |
Class F |
|
$ |
1,000.00 |
|
|
$ |
1,019.96 |
|
|
|
1.02 |
% |
|
$ |
5.16 |
|
Class Y |
|
|
1,000.00 |
|
|
|
1,021.21 |
|
|
|
0.77 |
|
|
|
3.90 |
|
Emerging Markets Debt Fund |
Actual Fund Return |
Class F |
|
$ |
1,000.00 |
|
|
$ |
1,002.60 |
|
|
|
1.24 |
% |
|
$ |
6.23 |
|
Class Y |
|
|
1,000.00 |
|
|
|
1,003.90 |
|
|
|
0.99 |
|
|
|
4.97 |
|
Hypothetical 5% Return |
Class F |
|
$ |
1,000.00 |
|
|
$ |
1,018.85 |
|
|
|
1.24 |
% |
|
$ |
6.28 |
|
Class Y |
|
|
1,000.00 |
|
|
|
1,020.11 |
|
|
|
0.99 |
|
|
|
5.01 |
|
* Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied
by 183/365 (to reflect the one-half year period shown).
SEI Institutional International Trust
LIQUIDITY RISK MANAGEMENT PROGRAM (Unaudited)
September 30, 2023
Pursuant to Rule 22e-4 under the 1940 Act, the Trust, on behalf of the Funds, has adopted a liquidity risk management program (the “Program”) to govern the Trust’s approach to managing liquidity risk. The Program is overseen by the SIMC Liquidity Risk Oversight Committee, and the Program’s principal objectives include assessing, managing and periodically reviewing each Fund’s liquidity risk, based on factors specific to the circumstances of the Fund.
At a meeting of the Board held on March 20-22, 2023 the Trustees received a report from the SIMC Liquidity Risk Oversight Committee addressing the operations of the Program and assessing its adequacy and effectiveness of implementation. The SIMC Liquidity Risk Oversight Committee determined, and reported to the Board, that the Program remains reasonably designed to assess and manage each Fund’s liquidity risk and that the Program adequately and effectively managed each Fund’s liquidity risk during the 2022 calendar year. The SIMC Liquidity Risk Oversight Committee reported one liquidity event that occurred in January 2022 in connection with an extended market closure due to a Chinese holiday, which caused the SIT Emerging Markets Equity Fund to exceed temporarily the 15% limit on illiquid securities. The SIT Emerging Markets Equity Fund was under the 15% limitation on the sixth day, and there was no impact on the Fund’s ability to timely meet redemptions. There were no other reportable liquidity events during the period. The SIMC Liquidity Risk Oversight Committee further noted that additional monitoring processes have been implemented.
There can be no assurance that the Program will achieve its objectives in the future. Please refer to the prospectus for more information regarding a Fund’s exposure to liquidity risk and other principal risks to which an investment in the Funds may be subject.
SEI Institutional International Trust
BOARD OF TRUSTEES’ CONSIDERATIONS IN APPROVING THE ADVISORY AND SUB-ADVISORY AGREEMENTS (Unaudited)
SEI Institutional International Trust (the “Trust”) and SEI Investments Management Corporation (“SIMC”) have entered into an investment advisory agreement (the “Advisory Agreement”), pursuant to which SIMC provides investment advisory services to the series of the Trust (the “Funds”). Pursuant to separate sub-advisory agreements with SIMC (the “Sub-Advisory Agreements” and, together with the Advisory Agreement, the “Investment Advisory Agreements”), and under the supervision of SIMC and the Trust’s Board of Trustees (each member, a “Trustee” and, collectively, the “Trustees” or the “Board”), the sub-advisers (each, a “Sub-Adviser” and collectively, the “Sub-Advisers”) provide security selection and certain other advisory services with respect to all or a discrete portion of the assets of the Funds. The Sub-Advisers are also responsible for managing their employees who provide services to the Funds. The Sub-Advisers are selected based primarily upon the research and recommendations of SIMC, which evaluates quantitatively and qualitatively the Sub-Advisers’ skills and investment results in managing assets for specific asset classes, investment styles and strategies.
The Investment Company Act of 1940, as amended (the “1940 Act”), requires that the initial approval of a Fund’s Investment Advisory Agreements be specifically approved by the vote of a majority of the outstanding shareholders of the Funds and the vote of a majority of the Trustees who are not parties to the Investment Advisory Agreements or “interested persons” of any party (the “Independent Trustees”) cast in person (or otherwise, as consistent with applicable laws, regulations and related guidance and relief) at a meeting called for such purpose. In addition, the 1940 Act requires that the continuation or renewal of any Investment Advisory Agreement be approved at least annually (after an initial period of up to two years), which also requires the vote of a majority of the Board, including a majority of the Independent Trustees. In the case of the initial approval of a Sub-Advisory Agreement, only the approval of a majority of the Board, including a majority of the Independent Trustees, is required, pursuant to an exemptive order that has been granted to the Trust by the Securities and Exchange Commission. In connection with their consideration of such initial approvals and renewals, the Funds’ Trustees must request and evaluate, and SIMC and the Sub-Advisers are required to furnish, such information as may be reasonably necessary to evaluate the terms of the Investment Advisory Agreements. In addition, the Securities and Exchange Commission takes the position that, as part of their fiduciary duties with respect to a mutual fund’s fees, mutual fund boards are required to evaluate the material factors applicable to a decision to approve or renew an Investment Advisory Agreement.
Consistent with these responsibilities, the Board calls and holds meetings each year to consider whether to approve new and/or renew existing Investment Advisory Agreements between the Trust and SIMC and SIMC and the Sub-Advisers with respect to the Funds of the Trust. In preparation for these meetings, the Board requests and reviews a wide variety of materials provided by SIMC and the Sub-Advisers, including information about SIMC’s and the Sub-Advisers’ affiliates, personnel and operations and the services provided pursuant to the Investment Advisory Agreements. The Board also receives data from third parties. This information is provided in addition to the detailed information about the Funds that the Board reviews during the course of each year, including information that relates to Fund operations and Fund performance. The Trustees also receive a memorandum from counsel regarding the responsibilities of Trustees in connection with their consideration of whether to approve or renew the Trust’s Investment Advisory Agreements. Finally, the Independent Trustees receive advice from independent counsel to the Independent Trustees, meet in executive sessions outside the presence of Fund management and participate in question and answer sessions with representatives of SIMC and the Sub-Advisers.
Specifically, during the course of the Trust’s fiscal year, the Board requested and received written materials from SIMC and the Sub-Advisers regarding: (i) the quality of SIMC’s and the Sub-Advisers’ investment management and other services; (ii) SIMC’s and the Sub-Advisers’ investment management personnel; (iii) SIMC’s and the Sub-Advisers’ operations and financial condition; (iv) SIMC’s and the Sub-Advisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the level of the advisory fees that SIMC charges the Funds and the level of the sub-advisory fees that SIMC pays the Sub-Advisers, compared with fees each charge to comparable accounts; (vi) the advisory fees charged by SIMC and the Funds’ overall fees and operating expenses compared with peer groups of mutual funds prepared by Broadridge, an independent provider of investment company data that was engaged to prepare an assessment of the Funds in connection with the renewal of the Investment Advisory Agreements (the “Broadridge Report”); (vii) the level of SIMC’s and the Sub-Advisers’ profitability from their Fund-related operations; (viii) SIMC’s and the Sub-Advisers’ compliance program, including a description of material compliance matters and material compliance violations; (ix) SIMC’s potential economies of scale; (x) SIMC’s and the Sub-Advisers’ policies on and compliance procedures for personal securities transactions; (xi) SIMC’s and the Sub-Advisers’ expertise and resources in domestic and/or international financial markets; and (xii) the Funds’ performance
SEI Institutional International Trust
BOARD OF TRUSTEES’ CONSIDERATIONS IN APPROVING THE ADVISORY AND SUB-ADVISORY AGREEMENTS (Unaudited) (Concluded)
over various periods of time compared with peer groups of mutual funds prepared by Broadridge and the Funds’ benchmark indexes.
At a meeting held on June 12-14, 2023, the Board approved a reduction in contractual investment advisory fees and contractual administration fees for the Emerging Markets Equity Fund and Emerging Markets Debt Fund and, relatedly, approved the termination of the Emerging Markets Equity Fund’s contractual waiver, all of which went into effect as of July 1, 2023.
At the March 20-22, 2023 meeting of the Board, the Trustees, including a majority of the Independent Trustees, approved the renewal of the Advisory Agreement. Also, each Sub-Advisory Agreement was either initially approved or, if the Sub-Advisory Agreement was already in effect (unless operating under an initial two-year term), renewed at meetings of the Board held during the course of the Trust’s fiscal year on December 5-7, 2022, March 20-22, 2023, June 12-14, 2023, and September 11-13, 2023. In each case, the Board’s approval or renewal was based on its consideration and evaluation of the factors described above, as discussed at the meetings and at prior meetings. The following discusses some, but not all, of the factors that were considered by the Board in connection with its assessment of the Investment Advisory Agreements.
Nature, Extent and Quality of Services. The Board considered the nature, extent and quality of the services provided by SIMC and the Sub-Advisers to the Funds and the resources of SIMC and the Sub-Advisers and their affiliates dedicated to the Funds. In this regard, the Trustees evaluated, among other things, SIMC’s and each Sub-Adviser’s personnel, experience, track record and compliance program. Following evaluation, the Board concluded that, within the context of its full deliberations, the nature, extent and quality of services provided by SIMC and the Sub-Advisers to the Funds and the resources of SIMC and the Sub-Advisers and their affiliates dedicated to the Funds were sufficient to support the approval or renewal of the Investment Advisory Agreements. In addition to advisory services, the Board considered the nature and quality of certain administrative, transfer agency and other non-investment advisory services provided to the Funds by SIMC and/or its affiliates.
Performance. In determining whether to renew SIMC’s Advisory Agreement, the Trustees considered the Funds’ performance relative to their peer groups and appropriate indexes/benchmarks. The Trustees reviewed performance information for each Fund, noting that they receive performance reports that permit them to monitor each Fund’s performance at board meetings throughout the year. As part of this review, the Trustees considered the composition of each peer group and selection criteria. In assessing Fund performance, the Trustees considered the Broadridge Report. The Broadridge Report included metrics on risk analysis, volatility versus total return, net total return and performance consistency for the Funds and a universe of comparable funds. Based on the materials considered and discussed at the meetings, the Trustees found Fund performance satisfactory, or, where performance was materially below the benchmark and/or peer group, the Trustees were satisfied with the reasons provided to explain such performance. In connection with the approval or renewal of Sub-Advisory Agreements, the Board considered the performance of the Sub-Adviser relative to appropriate indexes/benchmarks. Following evaluation, the Board concluded that, within the context of its full deliberations, the performance of the Funds was sufficient to support the renewal of SIMC’s Advisory Agreement, and the performance of each Sub-Adviser was sufficient to support the approval or renewal of the Sub-Advisory Agreement.
Fees. With respect to the Funds’ expenses under the Investment Advisory Agreements, the Trustees considered the rate of compensation called for by the Investment Advisory Agreements and the Funds’ net operating expense ratios in comparison to those of the Funds’ respective peer groups. In assessing Fund expenses, the Trustees considered the information in the Broadridge Report, which included various metrics related to fund expenses, including, but not limited to, contractual management fees at various asset levels, actual management fees (including transfer agent expenses), and actual total expenses for the Funds and a universe of comparable funds. Based on the materials considered and discussion at the meetings, the Trustees further determined that fees were either shown to be below the peer average in the comparative fee analysis, or that there was a reasonable basis for the fee level. The Trustees also considered the effects of SIMC’s and its affiliates’ voluntary waivers of management and other fees to prevent total Fund operating expenses from exceeding any applicable cap and concluded that SIMC, through waivers, has maintained the Funds’ net operating expenses at competitive levels for its distribution channels. In determining the appropriateness of fees, the Board also took into consideration the impact of fees incurred indirectly by the Funds as a result of investments into underlying funds, including funds from which SIMC or its affiliates earn fees. The Board also took into consideration compensation earned from the Funds by SIMC or its affiliates for non-advisory services, such as administration, transfer agency, shareholder services or brokerage, and considered whether SIMC
SEI Institutional International Trust
and its affiliates may have realized other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements. When considering fees paid to Sub-Advisers, the Board took into account the fact that the Sub-Advisers are compensated by SIMC and not by the Funds directly, and that such compensation with respect to any unaffiliated Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. Following evaluation, the Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported the approval or renewal of the Investment Advisory Agreements. The Board also considered whether the Sub-Advisers and their affiliates may have realized other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements.
Profitability. With regard to profitability, the Trustees considered compensation flowing to SIMC and the Sub-Advisers and their affiliates, directly or indirectly. The Trustees considered whether the levels of compensation and profitability were reasonable. As with the fee levels, when considering the profitability of the Sub-Advisers, the Board took into account the fact that compensation with respect to any unaffiliated Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. In connection with the approval or renewal of each Sub-Advisory Agreement, the Board also took into consideration the impact that the fees paid to the Sub-Adviser have on SIMC’s advisory fee margin and profitability. Based on this evaluation, the Board concluded that, within the context of its full deliberations, the profitability of each of SIMC and the Sub-Advisers is reasonable and supported the approval or renewal of the Investment Advisory Agreements.
Economies of Scale. With respect to the Advisory Agreement, the Trustees considered whether any economies of scale were being realized by SIMC and its affiliates and, if so, whether the benefits of such economies of scale were passed along to the Funds’ shareholders through a graduated investment advisory fee schedule or other means, including any fee waivers by SIMC and its affiliates. The Trustees recognized that economies of scale are difficult to identify and quantify and are rarely identifiable on a fund-by-fund basis. Based on this evaluation, the Board determined that the fees were reasonable in light of the information that was provided by SIMC with respect to economies of scale.
Based on the Trustees’ deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, with the assistance of Fund counsel and Independent Trustees’ counsel, unanimously approved the approval or renewal, as applicable, of the Investment Advisory Agreements and concluded that the compensation under the Investment Advisory Agreements is fair and reasonable in light of such services and expenses and such other matters as the Trustees considered to be relevant in the exercise of their reasonable judgment. In the course of its deliberations, the Board did not identify any particular factor (or conclusion with respect thereto) or single piece of information that was all-important, controlling or determinative of its decision, but considered all of the factors together, and each Trustee may have attributed different weights to the various factors (and conclusions with respect thereto) and information.
SEI Institutional International Trust
NOTICE TO SHAREHOLDERS (Unaudited)
For shareholders who do not have a September 30, 2023, taxable year end, this notice is for informational purposes only. For shareholders with a September 30, 2023, taxable year end, please consult your tax adviser as to the pertinence of this notice.
For the fiscal year ended September 30, 2023, the Funds are designating long term and qualifying dividend income with regard to distributions paid during the year as follows:
|
|
(A)
Return of
Capital |
|
|
(B)
Long Term
Capital Gains
Distributions
(Tax Basis) |
|
|
(C)
Ordinary
Income
Distributions
(Tax Basis) |
|
|
(D)
Total
Distributions
(Tax Basis) |
|
|
(E)
Dividends
Qualifying
for Corporate
Dividends Rec.
Deduction(1) |
|
|
(F)
Qualifying
Dividend Income
(15% Tax Rate
for QDI)(2) |
|
|
(G)
U.S. Government
Interest(3) |
|
|
(H)
Interest
Related
Dividends(4) |
|
|
(I)
Short-Term
Capital Gain
Dividends(5) |
|
International Equity Fund |
|
|
0.00% |
|
|
|
0.00% |
|
|
|
100.00% |
|
|
|
100.00% |
|
|
|
0.00% |
|
|
|
100.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
Emerging Markets Equity Fund |
|
|
0.00% |
|
|
|
0.00% |
|
|
|
100.00% |
|
|
|
100.00% |
|
|
|
0.00% |
|
|
|
82.99% |
|
|
|
0.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
International Fixed Income Fund |
|
|
0.00% |
|
|
|
3.07% |
|
|
|
96.93% |
|
|
|
100.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
Emerging Markets Debt Fund |
|
|
0.00% |
|
|
|
0.00% |
|
|
|
100.00% |
|
|
|
100.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
|
|
0.00% |
|
The Funds intend to pass through foreign tax credit to shareholders. For the fiscal year ended September 30, 2023, the amount of foreign source income and foreign tax credit are as follows (Thousands):
Fund |
|
Foreign Source Income |
|
|
Foreign Tax Credit Pass Through |
|
International Equity |
|
$ |
86,656 |
|
|
$ |
10,150 |
|
Emerging Markets Equity |
|
|
35,105 |
|
|
|
8,260 |
|
(1) “Dividends Received Deduction” represent dividends which qualify for the corporate dividends received deduction.
(2) “Qualifying Dividend Income” represent qualifying dividends as created by the Jobs and Growth Tax Relief Reconciliation Act of 2003. It is the intention of the Fund to designate the max amount permitted by law.
(3) “U.S. Government Interest” represent the amount of interest that was derived from direct U.S. Government obligations and distributed during the fiscal year. Generally, interest from direct U.S. Government obligations is exempt from state income tax. However, for shareholders who are residents of California, Connecticut or New York, the statutory threshold requirements were not satisfied to permit exemption of these amounts from state income.
(4) The percentage in this column represents the amount of “Interest Related Dividend” is reflected as a percentage of ordinary income distribution. Interest related dividends is exempted from U.S. withholding tax when paid to foreign investors.
(5) The percentage of this column represents the amount of “Short Term Capital Gain Dividend” is reflected as a percentage of short term capital gain distribution that is exempted from U.S. withholding tax when paid to foreign investors.
Items (A), (B), (C) and (D) are based on the percentage of each fund’s total distribution.
Items (E) and (F) are based on the percentage of “Ordinary Income Distributions.”
Item (G) is based on the percentage of gross income of each Fund.
Item (H) is based on the percentage of net investment income distributions.
Item (I) is based on the percentage of short-term capital gains distributions.
Please consult your tax adviser for proper treatment of this information. This notification should be kept with your permanent tax records.
SEI Institutional International Trust
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(This page intentionally left blank)
SEI INSTITUTIONAL INTERNATIONAL TRUST / ANNUAL REPORT / SEPTEMBER 30, 2023
Trustees
Robert A. Nesher, Chairman
William M. Doran
Nina Lesavoy
James M. Williams
Hubert L. Harris, Jr.
Susan C. Cote
James B. Taylor
Christine Reynolds
Thomas Melendez
Officers
Robert A. Nesher
President and Chief Executive Officer
Glenn R. Kurdziel
Controller and Chief Financial Officer
Stephen Panner
Chief Compliance Officer
Timothy D. Barto
Vice President and Secretary
David F. McCann
Vice President and Assistant Secretary
Katherine Mason
Vice President and Assistant Secretary
Stephen G. MacRae
Vice President
Donald Duncan
Anti-Money Laundering Compliance Officer
and Privacy Officer
Investment Adviser
SEI Investments Management Corporation
Administrator
SEI Investments Global Funds Services
Distributor
SEI Investments Distribution Co.
Legal Counsel
Morgan, Lewis & Bockius LLP
Independent Registered Public Accounting Firm
KPMG LLP
This report and the financial statements contained herein are submitted for the general information of the shareholders of the Trust and must be preceded or accompanied by a current prospectus. Shares of the Funds are not deposits or obligations of, or guaranteed or endorsed by, any bank. The shares are not federally insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, or any other government agency. Investment in the shares involves risk, including the possible loss of principal.
For more information call
1 800 DIAL SEI
(1 800 342 5734)
SEI-F-018 (9/23)
The Registrant has adopted a code of ethics that applies to the Registrant’s
principal executive officer, principal financial officer, principal accounting officer, or controller, or persons performing similar functions.
Item 3. | Audit Committee Financial Expert. |
(a)(1) The Registrant’s
Board of Trustees has determined that the Registrant has two audit committee financial experts serving on the audit
committee.
(a) (2) The audit committee financial
experts are Susan C. Cote and Hubert L. Harris, Jr. Ms. Cote and Mr. Harris are independent as defined in Form N-CSR Item 3 (a) (2).
Item 4. |
Principal Accountant Fees and Services. |
Fees billed by KPMG LLP (“KPMG”) related to the Registrant.
KPMG billed the Registrant aggregate fees for services rendered to the
Registrant for the last two fiscal years as follows:
|
Fiscal Year 2023 |
Fiscal Year 2022 |
|
|
All fees and services to the Registrant that were pre-approved |
All fees and services to service affiliates that were pre-approved |
All other fees and services to service affiliates that did not require pre-approval |
All fees and services to the Registrant that were pre-approved |
All fees and services to service affiliates that were pre-approved |
All other fees and services to service affiliates that did not require pre-approval |
(a) |
Audit Fees(1) |
$226,580 |
$0 |
N/A |
$211,080 |
$0 |
N/A |
(b) |
Audit-Related Fees |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
(c) |
Tax Fees |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
(d) |
All Other Fees(2) |
$0 |
$354,196 |
$0 |
$0 |
$332,500 |
$0 |
Notes:
| (1) | Audit fees include amounts related to the audit of the Registrant’s annual financial statements and services normally provided
by the accountant in connection with statutory and regulatory filings. |
| (2) | See Item 4(g) for a description of the services comprising the fees disclosed in this category. |
(e)(1) The Registrant’s Audit Committee has adopted and the Board
of Trustees has ratified an Audit and Non-Audit Services Pre-Approval Policy (the “Policy”), which sets forth the procedures
and the conditions pursuant to which services proposed to be performed by the independent auditor of the Registrant may be pre-approved.
In any instance where services require pre-approval, the Audit Committee will consider whether such services are consistent with SEC’s
rules on auditor independence and whether the provision of such services would compromise the auditor’s independence.
The Policy provides that all requests or applications for proposed services
to be provided by the independent auditor must be submitted to the Registrant’s Chief Financial Officer (“CFO”) and
must include a detailed description of the services proposed to be rendered. The CFO will determine whether such services: (1) require
specific pre-approval; (2) are included within the list of services that have received the general pre-approval of the Audit Committee
pursuant to the Policy; or (3) have been previously pre-approved in connection with the independent auditor’s annual engagement
letter for the applicable year or otherwise.
Requests or applications to provide services that require specific pre-approval
by the Audit Committee will be submitted to the Audit Committee by the CFO. The Audit Committee has delegated specific pre-approval authority
to either the Audit Committee Chair or financial experts, provided that the estimated fee for any such proposed pre-approved service does
not exceed $100,000 and any pre-approval decisions are reported to the Audit Committee at its next regularly scheduled meeting.
Services that have received the general pre-approval of the Audit Committee
are identified and described in the Policy. In addition, the Policy sets forth a maximum fee per engagement with respect to each identified
service that has received general pre-approval. The Audit Committee will annually review and pre-approve the services that may be provided
by the independent auditor during the following twelve months without obtaining specific pre-approval from the Audit Committee.
The Audit Committee will be informed by the CFO on a quarterly basis of
all services rendered by the independent auditor.
All services to be provided by the independent auditor shall be provided
pursuant to a signed written engagement letter with the Registrant, the investment advisor or applicable control affiliate (except that
matters as to which an engagement letter would be impractical because of timing issues or because the matter is small may not be the subject
of an engagement letter) that sets forth both the services to be provided by the independent auditor and the total fees (or the manner
of their determination) to be paid to the independent auditor for those services.
In addition, the Audit Committee has determined to take additional measures
on an annual basis to meet its responsibility to oversee the work of the independent auditor and to assure the auditor's independence
from the Registrant, such as reviewing a formal written statement from the independent auditor delineating all relationships between the
independent auditor and the Registrant, and discussing with the independent auditor its methods and procedures for ensuring independence.
(e)(2) Percentage of fees billed applicable to non-audit services pursuant
to waiver of pre-approval requirement were as follows:
|
Fiscal Year 2023 |
Fiscal Year 2022 |
Audit-Related Fees
|
0% |
0% |
Tax Fees |
0% |
0% |
All Other Fees
|
0% |
0% |
(f) Not Applicable.
(g)(1) The aggregate non-audit fees and services billed by KPMG for the fiscal
years 2023 and 2022 were $354,196 and $332,500, respectively. Non-audit fees consist of SSAE No. 16 review of fund accounting and administration
operations, and an attestation report in accordance with Rule 17Ad-13.
(h) During the past fiscal year, the Registrant’s
principal accountant provided certain non-audit services to the Registrant’s investment adviser or to entities controlling, controlled
by, or under common control with the Registrant’s investment adviser that provide ongoing services to the Registrant that were not
subject to pre-approval pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X. The Audit Committee of the Registrant’s
Board of Trustees reviewed and considered these non-audit services provided by the Registrant’s principal accountant to the Registrant’s
affiliates, including whether the provision of these non-audit services is compatible with maintaining the principal accountant’s
independence.
(i) Not Applicable.
(j) Not Applicable.
Item 5. |
Audit Committee of Listed Registrants. |
Not applicable.
The Schedules of Investments in securities of unaffiliated issuers as of
the close of the reporting period for the International Equity Fund, Emerging Markets Equity Fund, International Fixed Income Fund, and
Emerging Markets Debt Fund are included as part of the report to shareholders filed under Item 1 of this form.
| Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not applicable.
Item 8. |
Portfolio Managers of Closed-End Management Investment Companies |
Not applicable.
Item 9. |
Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Not applicable.
Item 10. |
Submission of Matters to a Vote of Security Holders. |
There have been no material changes to the procedures by which shareholders
may recommend nominees to the Registrant’s Board of Trustees (the “Board”). The Registrant has a standing Governance
Committee (the “Committee”) currently consisting of the Independent Trustees. The Committee is responsible for evaluating
and recommending nominees for election to the Board. Pursuant to the Committee’s Charter, adopted on June 18, 2004, as amended,
the Committee will review all shareholder recommendations for nominations to fill vacancies on the Board if such recommendations are submitted
in writing and addressed to the Committee at the Registrant’s office.
Item 11. |
Controls and Procedures. |
(a) The Registrant’s principal executive and principal financial
officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined
in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective, based on the evaluation of these
controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act
of 1934 as of a date within 90 days of the filing date of this report.
(b) There were no changes in the Registrant’s internal control over
financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the 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 12. |
Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. |
Not applicable.
(a)(1) Code of Ethics attached hereto.
(a)(2) A separate certification for the principal executive officer and the principal financial officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, are filed herewith.
(b) Officer certifications as required by Rule 30a-2(b) under the Investment Company Act of 1940, as amended also accompany this filing as exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
SEI Institutional International Trust |
|
By: |
/s/ Robert A. Nesher |
|
|
|
Robert A. Nesher |
|
|
|
President & CEO |
|
Date: December 8, 2023
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the
capacities and on the dates indicated.
|
By: |
/s/ Robert A. Nesher |
|
|
|
Robert A. Nesher |
|
|
|
President & CEO |
|
Date: December 8, 2023
|
By: |
/s/ Glenn R. Kurdziel |
|
|
|
Glenn R. Kurdziel |
|
|
|
Controller & CFO |
|
Date: December 8, 2023