UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

     

 

FORM N-CSRS

     

 

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, 2026

 

Date of reporting period: March 31, 2026

 

 

Item 1. Reports to Stockholders.

 

(a)             A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the “Act”) (17 CFR § 270.30e-1), is attached hereto.

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TRUSTN-1A2026-03-310000835597sei:C000017607Member2025-10-012026-03-3100008355972025-10-012026-03-310000835597sei:C000017607Member2026-03-310000835597sei:C000017607Membercountry:SE2026-03-310000835597sei:C000017607Membersei:CountryUSTreasuryObligationCTIMember2026-03-310000835597sei:C000017607Membercountry:ES2026-03-310000835597sei:C000017607Membercountry:AU2026-03-310000835597sei:C000017607Membercountry:IT2026-03-310000835597sei:C000017607Membercountry:CH2026-03-310000835597sei:C000017607Membercountry:NL2026-03-310000835597sei:C000017607Membercountry:FR2026-03-310000835597sei:C000017607Membercountry:DE2026-03-310000835597sei:C000017607Membercountry:US2026-03-310000835597sei:C000017607Membercountry:GB2026-03-310000835597sei:C000017607Membercountry:JP2026-03-310000835597sei:C000017607Membersei:USTreasuryBill9264766CTIMember2026-03-310000835597sei:C000017607Membersei:NovartisAG9264925CTIMember2026-03-310000835597sei:C000017607Membersei:RocheHoldingAG9264928CTIMember2026-03-310000835597sei:C000017607Membersei:HSBCHoldingsPLC9264111CTIMember2026-03-310000835597sei:C000017607Membersei:EquinorASA9264643CTIMember2026-03-310000835597sei:C000017607Membersei:GSKPLC9264101CTIMember2026-03-310000835597sei:C000017607Membersei:INGGroepNV9264616CTIMember2026-03-310000835597sei:C000017607Membersei:SanofiSA9265096CTIMember2026-03-310000835597sei:C000017607Membersei:BASFSE9264950CTIMember2026-03-310000835597sei:C000017607Membersei:DaimlerTruckHoldingAG9264960CTIMember2026-03-310000835597sei:C000017606Member2025-10-012026-03-310000835597sei:C000017606Member2026-03-310000835597sei:C000017606Membercountry:SE2026-03-310000835597sei:C000017606Membersei:CountryUSTreasuryObligationCTIMember2026-03-310000835597sei:C000017606Membercountry:ES2026-03-310000835597sei:C000017606Membercountry:AU2026-03-310000835597sei:C000017606Membercountry:IT2026-03-310000835597sei:C000017606Membercountry:CH2026-03-310000835597sei:C000017606Membercountry:NL2026-03-310000835597sei:C000017606Membercountry:FR2026-03-310000835597sei:C000017606Membercountry:DE2026-03-310000835597sei:C000017606Membercountry:US2026-03-310000835597sei:C000017606Membercountry:GB2026-03-310000835597sei:C000017606Membercountry:JP2026-03-310000835597sei:C000017606Membersei:USTreasuryBill9264766CTIMember2026-03-310000835597sei:C000017606Membersei:NovartisAG9264925CTIMember2026-03-310000835597sei:C000017606Membersei:RocheHoldingAG9264928CTIMember2026-03-310000835597sei:C000017606Membersei:HSBCHoldingsPLC9264111CTIMember2026-03-310000835597sei:C000017606Membersei:EquinorASA9264643CTIMember2026-03-310000835597sei:C000017606Membersei:GSKPLC9264101CTIMember2026-03-310000835597sei:C000017606Membersei:INGGroepNV9264616CTIMember2026-03-310000835597sei:C000017606Membersei:SanofiSA9265096CTIMember2026-03-310000835597sei:C000017606Membersei:BASFSE9264950CTIMember2026-03-310000835597sei:C000017606Membersei:DaimlerTruckHoldingAG9264960CTIMember2026-03-310000835597sei:C000147407Member2025-10-012026-03-310000835597sei:C000147407Member2026-03-310000835597sei:C000147407Membercountry:SE2026-03-310000835597sei:C000147407Membersei:CountryUSTreasuryObligationCTIMember2026-03-310000835597sei:C000147407Membercountry:ES2026-03-310000835597sei:C000147407Membercountry:AU2026-03-310000835597sei:C000147407Membercountry:IT2026-03-310000835597sei:C000147407Membercountry:CH2026-03-310000835597sei:C000147407Membercountry:NL2026-03-310000835597sei:C000147407Membercountry:FR2026-03-310000835597sei:C000147407Membercountry:DE2026-03-310000835597sei:C000147407Membercountry:US2026-03-310000835597sei:C000147407Membercountry:GB2026-03-310000835597sei:C000147407Membercountry:JP2026-03-310000835597sei:C000147407Membersei:USTreasuryBill9264766CTIMember2026-03-310000835597sei:C000147407Membersei:NovartisAG9264925CTIMember2026-03-310000835597sei:C000147407Membersei:RocheHoldingAG9264928CTIMember2026-03-310000835597sei:C000147407Membersei:HSBCHoldingsPLC9264111CTIMember2026-03-310000835597sei:C000147407Membersei:EquinorASA9264643CTIMember2026-03-310000835597sei:C000147407Membersei:GSKPLC9264101CTIMember2026-03-310000835597sei:C000147407Membersei:INGGroepNV9264616CTIMember2026-03-310000835597sei:C000147407Membersei:SanofiSA9265096CTIMember2026-03-310000835597sei:C000147407Membersei:BASFSE9264950CTIMember2026-03-310000835597sei:C000147407Membersei:DaimlerTruckHoldingAG9264960CTIMember2026-03-310000835597sei:C000017609Member2025-10-012026-03-310000835597sei:C000017609Member2026-03-310000835597sei:C000017609Membercountry:SA2026-03-310000835597sei:C000017609Membercountry:US2026-03-310000835597sei:C000017609Membercountry:PL2026-03-310000835597sei:C000017609Membercountry:AE2026-03-310000835597sei:C000017609Membercountry:ID2026-03-310000835597sei:C000017609Membercountry:MX2026-03-310000835597sei:C000017609Membercountry:ZA2026-03-310000835597sei:C000017609Membercountry:BR2026-03-310000835597sei:C000017609Membercountry:IN2026-03-310000835597sei:C000017609Membercountry:KR2026-03-310000835597sei:C000017609Membercountry:TW2026-03-31000083559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Semi-Annual Shareholder Report: March 31, 2026

Image

International Equity Fund

SEI Institutional International Trust/Class F Shares - SEITX

Fund Overview

This semi-annual shareholder report contains important information about Class F Shares of the International Equity Fund (the "Fund") for the period from October 1, 2025 to March 31, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000. 

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
International Equity Fund, Class F Shares
$55
1.07%

Key Fund Statistics as of March 31, 2026

Table Summary
Total Net Assets (000's)
Number of Holdings
Total Advisory Fees Paid (000's)
Portfolio Turnover Rate
$3,471,188
1,008
$9,211
36%

Asset/Country WeightingsFootnote Reference*

Holdings Chart
Table Summary
Value
Value
Total Return Swaps
-0.1%
Futures Contracts
0.0%
Other Countries
20.1%
Sweden
2.1%
U.S. Treasury Obligation
2.5%
Spain
2.6%
Australia
2.7%
Italy
3.8%
Switzerland
4.3%
Netherlands
5.5%
France
6.8%
Germany
8.0%
United States
8.9%
United Kingdom
12.6%
Japan
18.1%
FootnoteDescription
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
U.S. Treasury Bill, 3.59%, 8/27/2026
2.5%
Novartis AG
1.7%
Roche Holding AG
1.4%
HSBC Holdings PLC
1.3%
Equinor ASA
1.1%
GSK PLC
1.1%
ING Groep NV
1.0%
Sanofi SA
0.8%
BASF SE
0.8%
Daimler Truck Holding AG
0.8%
FootnoteDescription
Footnote(A)
Cash Equivalents are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 610-676-1000 

  • https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports 

  • https://www.seic.com/mutual-fund-documentation/proxy-voting 

Image

SEITX-SAR-2026

Semi-Annual Shareholder Report: March 31, 2026

Image

International Equity Fund

SEI Institutional International Trust/Class I Shares - SEEIX

Fund Overview

This semi-annual shareholder report contains important information about Class I Shares of the International Equity Fund (the "Fund") for the period from October 1, 2025 to March 31, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000. 

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
International Equity Fund, Class I Shares
$68
1.32%

Key Fund Statistics as of March 31, 2026

Table Summary
Total Net Assets (000's)
Number of Holdings
Total Advisory Fees Paid (000's)
Portfolio Turnover Rate
$3,471,188
1,008
$9,211
36%

Asset/Country WeightingsFootnote Reference*

Holdings Chart
Table Summary
Value
Value
Total Return Swaps
-0.1%
Futures Contracts
0.0%
Other Countries
20.1%
Sweden
2.1%
U.S. Treasury Obligation
2.5%
Spain
2.6%
Australia
2.7%
Italy
3.8%
Switzerland
4.3%
Netherlands
5.5%
France
6.8%
Germany
8.0%
United States
8.9%
United Kingdom
12.6%
Japan
18.1%
FootnoteDescription
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
U.S. Treasury Bill, 3.59%, 8/27/2026
2.5%
Novartis AG
1.7%
Roche Holding AG
1.4%
HSBC Holdings PLC
1.3%
Equinor ASA
1.1%
GSK PLC
1.1%
ING Groep NV
1.0%
Sanofi SA
0.8%
BASF SE
0.8%
Daimler Truck Holding AG
0.8%
FootnoteDescription
Footnote(A)
Cash Equivalents are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 610-676-1000 

  • https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports 

  • https://www.seic.com/mutual-fund-documentation/proxy-voting 

Image

SEEIX-SAR-2026

Semi-Annual Shareholder Report: March 31, 2026

Image

International Equity Fund

SEI Institutional International Trust/Class Y Shares - SEFCX

Fund Overview

This semi-annual shareholder report contains important information about Class Y Shares of the International Equity Fund (the "Fund") for the period from October 1, 2025 to March 31, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000. 

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
International Equity Fund, Class Y Shares
$43
0.83%

Key Fund Statistics as of March 31, 2026

Table Summary
Total Net Assets (000's)
Number of Holdings
Total Advisory Fees Paid (000's)
Portfolio Turnover Rate
$3,471,188
1,008
$9,211
36%

Asset/Country WeightingsFootnote Reference*

Holdings Chart
Table Summary
Value
Value
Total Return Swaps
-0.1%
Futures Contracts
0.0%
Other Countries
20.1%
Sweden
2.1%
U.S. Treasury Obligation
2.5%
Spain
2.6%
Australia
2.7%
Italy
3.8%
Switzerland
4.3%
Netherlands
5.5%
France
6.8%
Germany
8.0%
United States
8.9%
United Kingdom
12.6%
Japan
18.1%
FootnoteDescription
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
U.S. Treasury Bill, 3.59%, 8/27/2026
2.5%
Novartis AG
1.7%
Roche Holding AG
1.4%
HSBC Holdings PLC
1.3%
Equinor ASA
1.1%
GSK PLC
1.1%
ING Groep NV
1.0%
Sanofi SA
0.8%
BASF SE
0.8%
Daimler Truck Holding AG
0.8%
FootnoteDescription
Footnote(A)
Cash Equivalents are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 610-676-1000 

  • https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports 

  • https://www.seic.com/mutual-fund-documentation/proxy-voting 

Image

SEFCX-SAR-2026

Semi-Annual Shareholder Report: March 31, 2026

Image

Emerging Markets Equity Fund

SEI Institutional International Trust/Class F Shares - SIEMX

Fund Overview

This semi-annual shareholder report contains important information about Class F Shares of the Emerging Markets Equity Fund (the "Fund") for the period from October 1, 2025 to March 31, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000. 

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Emerging Markets Equity Fund, Class F Shares
$62
1.20%

Key Fund Statistics as of March 31, 2026

Table Summary
Total Net Assets (000's)
Number of Holdings
Total Advisory Fees Paid (000's)
Portfolio Turnover Rate
$1,543,748
462
$5,636
37%

Asset/Country WeightingsFootnote Reference*

Holdings Chart
Table Summary
Value
Value
Futures Contracts
0.0%
Other Countries
9.4%
Saudi Arabia
1.4%
United States
1.6%
Poland
1.7%
United Arab Emirates
1.7%
Indonesia
2.0%
Mexico
2.3%
South Africa
4.0%
Brazil
6.6%
India
9.6%
South Korea
16.2%
Taiwan
19.5%
China
22.7%
FootnoteDescription
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Taiwan Semiconductor Manufacturing Co Ltd
9.9%
Samsung Electronics Co Ltd
4.5%
Tencent Holdings Ltd
3.0%
SK hynix Inc
2.4%
Alibaba Group Holding Ltd
2.2%
Taiwan Semiconductor Manufacturing Co Ltd ADR
1.5%
Samsung Electronics Co Ltd, Preference
1.5%
Naspers Ltd, Cl N
1.1%
Delta Electronics Inc
1.0%
Grupo Financiero Banorte SAB de CV, Cl O
1.0%
FootnoteDescription
Footnote(A)
Cash Equivalents are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 610-676-1000 

  • https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports 

  • https://www.seic.com/mutual-fund-documentation/proxy-voting 

Image

SIEMX-SAR-2026

Semi-Annual Shareholder Report: March 31, 2026

Image

Emerging Markets Equity Fund

SEI Institutional International Trust/Class Y Shares - SEQFX

Fund Overview

This semi-annual shareholder report contains important information about Class Y Shares of the Emerging Markets Equity Fund (the "Fund") for the period from October 1, 2025 to March 31, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000. 

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Emerging Markets Equity Fund, Class Y Shares
$50
0.95%

Key Fund Statistics as of March 31, 2026

Table Summary
Total Net Assets (000's)
Number of Holdings
Total Advisory Fees Paid (000's)
Portfolio Turnover Rate
$1,543,748
462
$5,636
37%

Asset/Country WeightingsFootnote Reference*

Holdings Chart
Table Summary
Value
Value
Futures Contracts
0.0%
Other Countries
9.4%
Saudi Arabia
1.4%
United States
1.6%
Poland
1.7%
United Arab Emirates
1.7%
Indonesia
2.0%
Mexico
2.3%
South Africa
4.0%
Brazil
6.6%
India
9.6%
South Korea
16.2%
Taiwan
19.5%
China
22.7%
FootnoteDescription
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Percentage of Total Net AssetsFootnote Reference(A)
Taiwan Semiconductor Manufacturing Co Ltd
9.9%
Samsung Electronics Co Ltd
4.5%
Tencent Holdings Ltd
3.0%
SK hynix Inc
2.4%
Alibaba Group Holding Ltd
2.2%
Taiwan Semiconductor Manufacturing Co Ltd ADR
1.5%
Samsung Electronics Co Ltd, Preference
1.5%
Naspers Ltd, Cl N
1.1%
Delta Electronics Inc
1.0%
Grupo Financiero Banorte SAB de CV, Cl O
1.0%
FootnoteDescription
Footnote(A)
Cash Equivalents are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 610-676-1000 

  • https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports 

  • https://www.seic.com/mutual-fund-documentation/proxy-voting 

Image

SEQFX-SAR-2026

Semi-Annual Shareholder Report: March 31, 2026

Image

International Fixed Income Fund

SEI Institutional International Trust/Class F Shares - SEFIX

Fund Overview

This semi-annual shareholder report contains important information about Class F Shares of the International Fixed Income Fund (the "Fund") for the period from October 1, 2025 to March 31, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000. 

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
International Fixed Income Fund, Class F Shares
$48
0.96%

Key Fund Statistics as of March 31, 2026

Table Summary
Total Net Assets (000's)
Number of Holdings
Total Advisory Fees Paid (000's)
Portfolio Turnover Rate
$388,452
565
$574
110%

Asset/Country WeightingsFootnote Reference*

Holdings Chart
Table Summary
Value
Value
Interest Rate Swaps
0.0%
Total Return Swaps
0.0%
Credit Default Swaps
0.0%
Futures Contracts
0.0%
Forward Contracts
1.3%
Other Countries
23.6%
Supra-National
2.8%
Spain
3.2%
Mexico
3.6%
Canada
4.1%
China
4.4%
France
5.5%
U.S. Treasury Obligation
5.7%
United Kingdom
6.5%
Australia
7.1%
Germany
7.6%
Japan
12.3%
FootnoteDescription
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Coupon Rate
Maturity Date
Percentage of Total Net AssetsFootnote Reference(A)
Japan Government Thirty Year Bond
2.300%
03/20/40
3.8%
French Republic Government Bond
3.500%
11/25/33
3.6%
German Federal Government Bond
2.600%
05/15/41
3.0%
United Kingdom Gilt
4.750%
10/22/35
3.0%
Spanish Government Bond
3.000%
01/31/33
2.6%
U.S. Treasury Note
4.500%
02/15/44
2.3%
Japan Government Two Year Bond
0.800%
03/01/27
1.8%
U.S. Treasury Note
3.750%
04/30/27
1.7%
U.S. Treasury Note
2.250%
11/15/27
1.7%
Province of British Columbia Canada
4.000%
06/18/35
1.6%
FootnoteDescription
Footnote(A)
Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 610-676-1000 

  • https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports 

  • https://www.seic.com/mutual-fund-documentation/proxy-voting 

Image

SEFIX-SAR-2026

Semi-Annual Shareholder Report: March 31, 2026

Image

International Fixed Income Fund

SEI Institutional International Trust/Class Y Shares - SIFIX

Fund Overview

This semi-annual shareholder report contains important information about Class Y Shares of the International Fixed Income Fund (the "Fund") for the period from October 1, 2025 to March 31, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000. 

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
International Fixed Income Fund, Class Y Shares
$35
0.71%

Key Fund Statistics as of March 31, 2026

Table Summary
Total Net Assets (000's)
Number of Holdings
Total Advisory Fees Paid (000's)
Portfolio Turnover Rate
$388,452
565
$574
110%

Asset/Country WeightingsFootnote Reference*

Holdings Chart
Table Summary
Value
Value
Interest Rate Swaps
0.0%
Total Return Swaps
0.0%
Credit Default Swaps
0.0%
Futures Contracts
0.0%
Forward Contracts
1.3%
Other Countries
23.6%
Supra-National
2.8%
Spain
3.2%
Mexico
3.6%
Canada
4.1%
China
4.4%
France
5.5%
U.S. Treasury Obligation
5.7%
United Kingdom
6.5%
Australia
7.1%
Germany
7.6%
Japan
12.3%
FootnoteDescription
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Coupon Rate
Maturity Date
Percentage of Total Net AssetsFootnote Reference(A)
Japan Government Thirty Year Bond
2.300%
03/20/40
3.8%
French Republic Government Bond
3.500%
11/25/33
3.6%
German Federal Government Bond
2.600%
05/15/41
3.0%
United Kingdom Gilt
4.750%
10/22/35
3.0%
Spanish Government Bond
3.000%
01/31/33
2.6%
U.S. Treasury Note
4.500%
02/15/44
2.3%
Japan Government Two Year Bond
0.800%
03/01/27
1.8%
U.S. Treasury Note
3.750%
04/30/27
1.7%
U.S. Treasury Note
2.250%
11/15/27
1.7%
Province of British Columbia Canada
4.000%
06/18/35
1.6%
FootnoteDescription
Footnote(A)
Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 610-676-1000 

  • https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports 

  • https://www.seic.com/mutual-fund-documentation/proxy-voting 

Image

SIFIX-SAR-2026

Semi-Annual Shareholder Report: March 31, 2026

Image

Emerging Markets Debt Fund

SEI Institutional International Trust/Class F Shares - SITEX

Fund Overview

This semi-annual shareholder report contains important information about Class F Shares of the Emerging Markets Debt Fund (the "Fund") for the period from October 1, 2025 to March 31, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000. 

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Emerging Markets Debt Fund, Class F Shares
$52
1.02%

Key Fund Statistics as of March 31, 2026

Table Summary
Total Net Assets (000's)
Number of Holdings
Total Advisory Fees Paid (000's)
Portfolio Turnover Rate
$936,762
1,042
$1,767
41%

Asset/Country WeightingsFootnote Reference*

Holdings Chart
Table Summary
Value
Value
Interest Rate Swaps
-0.2%
Written Options
0.0%
Credit Default Swaps
0.0%
Futures Contracts
0.0%
Total Return Swaps
0.1%
Purchased Options
0.1%
Forward Contracts
0.1%
Other Countries
41.7%
Nigeria
2.1%
U.S. Treasury Obligation
2.2%
Peru
3.0%
Turkey
3.3%
Romania
3.5%
Brazil
4.1%
Poland
4.5%
Colombia
4.7%
South Africa
5.2%
Malaysia
6.2%
Indonesia
6.3%
Mexico
7.0%
FootnoteDescription
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Coupon Rate
Maturity Date
Percentage of Total Net Assets
Republic of South Africa Government Bond, ZAR
8.750%
02/28/48
1.2%
Peru Government Bond
5.400%
08/12/34
1.1%
Malaysia Government Bond
3.900%
11/30/26
1.0%
Petroleos Mexicanos
7.690%
01/23/50
1.0%
Mexican Bonos
8.500%
03/01/29
0.8%
Republic of South Africa Government Bond, ZAR
8.750%
01/31/44
0.8%
Mexican Bonos
8.500%
02/28/30
0.8%
Republic of Poland Government Bond
1.750%
04/25/32
0.8%
Brazilian Government International Bond
7.250%
01/12/56
0.8%
Mexican Bonos
8.000%
04/15/32
0.8%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 610-676-1000 

  • https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports 

  • https://www.seic.com/mutual-fund-documentation/proxy-voting 

Image

SITEX-SAR-2026

Semi-Annual Shareholder Report: March 31, 2026

Image

Emerging Markets Debt Fund

SEI Institutional International Trust/Class Y Shares - SIEDX

Fund Overview

This semi-annual shareholder report contains important information about Class Y Shares of the Emerging Markets Debt Fund (the "Fund") for the period from October 1, 2025 to March 31, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000. 

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment) 

Table Summary
Fund Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Emerging Markets Debt Fund, Class Y Shares
$39
0.77%

Key Fund Statistics as of March 31, 2026

Table Summary
Total Net Assets (000's)
Number of Holdings
Total Advisory Fees Paid (000's)
Portfolio Turnover Rate
$936,762
1,042
$1,767
41%

Asset/Country WeightingsFootnote Reference*

Holdings Chart
Table Summary
Value
Value
Interest Rate Swaps
-0.2%
Written Options
0.0%
Credit Default Swaps
0.0%
Futures Contracts
0.0%
Total Return Swaps
0.1%
Purchased Options
0.1%
Forward Contracts
0.1%
Other Countries
41.7%
Nigeria
2.1%
U.S. Treasury Obligation
2.2%
Peru
3.0%
Turkey
3.3%
Romania
3.5%
Brazil
4.1%
Poland
4.5%
Colombia
4.7%
South Africa
5.2%
Malaysia
6.2%
Indonesia
6.3%
Mexico
7.0%
FootnoteDescription
Footnote*
Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name
Coupon Rate
Maturity Date
Percentage of Total Net Assets
Republic of South Africa Government Bond, ZAR
8.750%
02/28/48
1.2%
Peru Government Bond
5.400%
08/12/34
1.1%
Malaysia Government Bond
3.900%
11/30/26
1.0%
Petroleos Mexicanos
7.690%
01/23/50
1.0%
Mexican Bonos
8.500%
03/01/29
0.8%
Republic of South Africa Government Bond, ZAR
8.750%
01/31/44
0.8%
Mexican Bonos
8.500%
02/28/30
0.8%
Republic of Poland Government Bond
1.750%
04/25/32
0.8%
Brazilian Government International Bond
7.250%
01/12/56
0.8%
Mexican Bonos
8.000%
04/15/32
0.8%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

  • 610-676-1000 

  • https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports 

  • https://www.seic.com/mutual-fund-documentation/proxy-voting 

Image

SIEDX-SAR-2026

 

 

 

 

 

(b)             Not applicable.

 

Item 2. Code of Ethics.

 

Not applicable for semi-annual report.

 

Item 3. Audit Committee Financial Expert.

 

Not applicable for semi-annual report.

 

Item 4. Principal Accountant Fees and Services.

 

Not applicable for semi-annual report.

 

Item 5. Audit Committee of Listed Registrants.

 

Not applicable.

 

Item 6. Investments

 

(a) The Schedules of Investments and Consolidated Schedules of Investments are included as part of the Financial Statements and Financial Highlights filed under Item 7 of this form.

 

(b) Not applicable.

 

 

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

 

Financial statements and financial highlights are filed herein.

 

 

 

March 31, 2026

 

SEMI-ANNUAL FINANCIALS AND OTHER INFORMATION

 

SEI Institutional International Trust

 

International Equity Fund

Emerging Markets Equity Fund
International Fixed Income Fund
Emerging Markets Debt Fund

 

seic.com

 
 

TABLE OF CONTENTS

 

Financial Statements (Form N-CSRS Item 7)  
Schedules of Investments   1
Statements of Assets and Liabilities  68
Statements of Operations  70
Statements of Changes in Net Assets  71
Financial Highlights  73
Notes to Financial Statements  75
Other Information (Form N-CSRS Items 8-11) (Unaudited)   94
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

International Equity Fund

 

Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK — 94.1%
Australia — 2.7%
Communication Services — 0.0%
REA Group Ltd     14,270     $ 1,552  
 
Consumer Discretionary — 0.3%
Aristocrat Leisure Ltd     219,571       6,928  
Eagers Automotive Ltd     77,780       1,214  
Lottery Corp Ltd/The     590,451       2,189  
              10,331  
Consumer Staples — 0.0%
GrainCorp Ltd, Cl A     1,859       8  
 
Energy — 0.3%
Beach Energy     876,112       768  
Whitehaven Coal Ltd     210,415       1,348  
Woodside Energy Group Ltd     262,170       6,177  
Yancoal Australia Ltd     450,938       2,582  
              10,875  
Financials — 0.4%
ANZ Group Holdings Ltd     96,197       2,401  
Helia Group Ltd     109,333       398  
HUB24 Ltd     18,135       1,054  
Magellan Financial Group Ltd     99,194       677  
Medibank Pvt Ltd     983,135       2,953  
National Australia Bank Ltd     94,014       2,699  
QBE Insurance Group Ltd     182,442       2,673  
              12,855  
Health Care — 0.2%
Ansell Ltd     79,353       1,546  
Cochlear Ltd     14,274       1,667  
Pro Medicus Ltd     33,709       2,758  
Regis Healthcare Ltd     11,851       50  
              6,021  
Industrials — 0.3%
Brambles Ltd     330,111       5,143  
Computershare Ltd     72,759       1,424  
Downer EDI Ltd     138,664       737  
GenusPlus Group Ltd     7,212       36  
Monadelphous Group Ltd     4,192       80  
Qantas Airways Ltd     426,855       2,489  
Service Stream Ltd     43,541       58  
SRG Global Ltd     155,456       265  
Ventia Services Group Pty Ltd     28,566       103  
              10,335  
Information Technology — 0.0%
Bravura Solutions Ltd     19,803       28  
Codan Ltd     90,522       1,978  
              2,006  
Description   Shares     Market Value
($ Thousands)
 
COMMON STOCK (continued)
Materials — 0.9%
BHP Group Ltd     144,355     $ 5,185  
BlueScope Steel Ltd     46,178       830  
Capricorn Metals Ltd     121,818       956  
Dyno Nobel Ltd     184,557       399  
Evolution Mining Ltd     235,549       2,106  
Fortescue Ltd     287,090       4,072  
Genesis Minerals Ltd *     207,746       868  
Imdex Ltd     73,124       198  
Northern Star Resources Ltd     51,952       750  
OceanaGold Corp     37,600       1,182  
Orica Ltd     183,356       2,558  
Orora Ltd     772,829       1,008  
Perseus Mining Ltd     992,684       3,610  
Ramelius Resources Ltd     932,657       2,410  
Regis Resources Ltd     280,833       1,321  
Resolute Mining Ltd *     1,608,940       1,579  
Sandfire Resources Ltd *     59,866       682  
South32 Ltd     299,848       901  
Vault Minerals Ltd     24,250       72  
West African Resources Ltd *     63,257       143  
Zimplats Holdings Ltd *     4,323       52  
              30,882  
Real Estate — 0.2%
Charter Hall Group ‡     208,921       2,702  
Charter Hall Retail REIT ‡     276,428       726  
Dexus ‡     610,390       2,498  
GPT Group/The ‡     26,642       84  
Region Group ‡     353,898       553  
Servcorp Ltd     11,858       56  
Waypoint REIT Ltd ‡     336,180       545  
            7,164  
Utilities — 0.1%
AGL Energy Ltd     293,318       1,993  
Origin Energy Ltd     124,486       1,064  
            3,057  
Total Australia             95,086  
 
Austria — 1.2%
 
Energy — 0.2%
OMV AG     85,706       6,250  
 
Financials — 0.7%
BAWAG Group AG     1,523       231  
Erste Group Bank AG     146,054       15,728  
Raiffeisen Bank International AG     113,974       4,865  
UNIQA Insurance Group AG     59,028       1,031  
Vienna Insurance Group AG Wiener Versicherung Gruppe     22,745       1,611  
            23,466  
Industrials — 0.1%
ANDRITZ AG     32,958       2,285  
 

SEI Institutional International Trust

 1
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

International Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
FACC AG *     1,900     $ 29  
Oesterreichische Post AG     15,468       617  
Palfinger AG     11,122       440  
Porr Ag     26,361       1,098  
              4,469  
Information Technology — 0.0%
ams-OSRAM AG *     55,562       589  
 
Materials — 0.2%
voestalpine AG     190,549       8,428  
Total Austria             43,202  
 
Belgium — 1.2%
 
Communication Services — 0.0%
Proximus SADP     50,955       411  
 
Consumer Discretionary — 0.0%
D'ieteren Group     5,332       984  
 
Financials — 0.8%
Ageas SA/NV     77,585       5,693  
Groupe Bruxelles Lambert NV     4,675       424  
KBC Group NV     158,491       19,337  
              25,454  
Health Care — 0.3%
Fagron     14,249       357  
UCB SA     32,162       9,660  
              10,017  
Industrials — 0.0%
Deme Group NV     4,616       1,000  
Jensen-Group NV     472       35  
              1,035  
Information Technology — 0.0%
Barco NV     10,143       113  
EVS Broadcast Equipment SA     709       27  
Materialise NV ADR *     6,532       32  
              172  
Materials — 0.1%
Bekaert SA     20,427       959  
Umicore SA     115,213       2,191  
              3,150  
Total Belgium             41,223  
 
Bermuda — 0.0%
 
Industrials — 0.0%
Himalaya Shipping Ltd     11,429       149  
 
Brazil — 0.8%
 
Consumer Staples — 0.3%
Ambev SA     3,108,000       9,076  
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Financials — 0.2%
Banco do Brasil SA     1,464,400     $ 6,467  
 
Materials — 0.3%
Vale SA     297,300       4,695  
Yara International ASA     121,789       7,077  
              11,772  
Total Brazil             27,315  
 
Canada — 0.9%
 
Consumer Discretionary — 0.5%
A&W Food Services of Canada Inc     628       17  
Aritzia Inc *     3,100       252  
Exco Technologies Ltd     7,454       41  
Magna International Inc, Cl A     289,018       16,102  
Martinrea International Inc     52,481       351  
              16,763  
Energy — 0.1%
Enerflex Ltd     191,100       3,985  
Ensign Energy Services Inc *     31,927       83  
Journey Energy Inc *     14,400       56  
Paramount Resources Ltd, Cl A     12,900       275  
Pason Systems Inc     3,633       34  
              4,433  
Financials — 0.1%
AGF Management Ltd, Cl B     14,781       214  
Bank of Nova Scotia/The     12,000       830  
Canaccord Genuity Group Inc     38,300       327  
Canadian Imperial Bank of Commerce     12,800       1,209  
National Bank of Canada     2,800       361  
Sprott Inc     2,200       313  
              3,254  
Health Care — 0.0%
Knight Therapeutics Inc *     5,800       31  
 
Industrials — 0.0%
Chorus Aviation Inc     4,457       72  
Finning International Inc     10,800       666  
              738  
Information Technology — 0.0%
Celestica Inc *     564       159  
 
Materials — 0.2%
Amerigo Resources Ltd     116,715       421  
Centerra Gold Inc, Cl Common Subs. Receipt     12,746       226  
Dynacor Group Inc     9,700       41  
Fortuna Mining Corp *     182,800       1,812  
Gold Royalty Corp *     32,636       117  
Hudbay Minerals Inc     146,400       3,056  
Imperial Metals Corp *     24,700       137  
 
2 

SEI Institutional International Trust

 
 
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Mako Mining Corp *     15,800     $ 101  
Santacruz Silver Mining Ltd *     51,025       442  
SSR Mining Inc *     6,812       200  
Thor Explorations Ltd     213,200       214  
Torex Gold Resources Inc     11,700       535  
              7,302  
Total Canada             32,680  
 
Chile — 0.0%
 
Materials — 0.0%
Lundin Mining Corp, Cl Common Subs. Receipt     39,700       987  
                 
China — 1.9%
 
Consumer Discretionary — 0.7%
Alibaba Group Holding Ltd     764,154       11,980  
China Beststudy Education Group     629,000       276  
Haier Smart Home Co Ltd, Cl A     2,957,539       7,924  
Luyuan Group Holding Cayman Ltd     10,000       16  
Prosus NV     53,956       2,490  
              22,686  
Consumer Staples — 0.1%
Wilmar International Ltd     874,373       2,618  
 
Financials — 0.3%
China Merchants Bank Co Ltd, Cl H     1,498,342       9,522  
 
Industrials — 0.6%
KLN Logistics Group Ltd     227,315       192  
SITC International Holdings Co Ltd     2,476,698       10,846  
Yangzijiang Shipbuilding Holdings Ltd     3,562,419       10,545  
              21,583  
Information Technology — 0.0%
VSTECS Holdings Ltd     1,594,000       1,758  
 
Materials — 0.0%
Ximei Resources Holding Ltd     10,000       18  
 
Real Estate — 0.2%
China Overseas Land & Investment Ltd     5,429,421       8,098  
Total China             66,283  
 
Cote d'Ivoire — 0.0%
 
Materials — 0.0%
Endeavour Mining PLC     23,799       1,429  
                 
Denmark — 1.0%
 
Consumer Discretionary — 0.0%
Pandora A/S     326       23  
 
Financials — 0.7%
AL Sydbank     5,507       441  
Danske Bank A/S     326,329       16,032  
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Jyske Bank A/S     19,617     $ 2,684  
Ringkjoebing Landbobank A/S     22,650       5,429  
              24,586  
Health Care — 0.1%
Genmab A/S *     11,779       3,163  
Novo Nordisk A/S ADR     21,444       788  
              3,951  
Industrials — 0.2%
D/S Norden A/S     624       29  
Dfds A/S *     5,043       82  
ISS A/S     50,412       1,830  
Per Aarsleff Holding A/S     21,520       2,484  
Vestas Wind Systems A/S     69,978       2,105  
              6,530  
Total Denmark             35,090  
Finland — 1.6%
 
Communication Services — 0.0%
Sanoma Oyj     25,237       260  
 
Consumer Discretionary — 0.0%
Verkkokauppa.com Oyj *     17,687       70  
 
Consumer Staples — 0.0%
Anora Group Oyj     33,377       153  
 
Energy — 0.1%
Neste Oyj     70,122       2,272  
 
Financials — 0.2%
Nordea Bank Abp     496,406       8,521  
 
Health Care — 0.2%
Orion Oyj, Cl B     80,018       6,447  
 
Industrials — 0.8%
GRK Infra Oyj *     1,442       20  
Kalmar Oyj, Cl B     11,321       572  
Kone Oyj, Cl B     80,541       5,126  
Konecranes Oyj     114,483       3,746  
Lassila & Tikanoja Oyj *     2,160       18  
Luotea Plc     2,160       6  
Metso Oyj     375,297       6,484  
Wartsila OYJ Abp, Cl B     267,932       9,948  
              25,920  
Information Technology — 0.3%
Bittium Oyj     10,414       439  
F-Secure Oyj     28,131       53  
Incap Oyj *     3,807       41  
Nokia Oyj     521,966       4,174  
Nokia Oyj ADR     856,837       6,889  
 

SEI Institutional International Trust

 3
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

International Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Scanfil Oyj     782     $ 10  
              11,606  
Utilities — 0.0%
Fortum Oyj     44,327       1,130  
Total Finland             56,379  
 
France — 6.8%
 
Communication Services — 0.6%
Canal+ SA     402,246       1,066  
IPSOS SA     20,201       795  
JCDecaux SE *     15,268       330  
Orange SA     169,961       3,474  
Publicis Groupe SA     179,393       14,802  
              20,467  
Consumer Discretionary — 1.6%
Accor SA     105,874       5,062  
Cie Generale des Etablissements Michelin SCA     700,129       23,910  
Hermes International SCA     1,574       2,972  
LVMH Moet Hennessy Louis Vuitton SE     39,173       21,347  
Trigano SA     4,657       764  
Valeo SE     115,612       1,411  
              55,466  
Consumer Staples — 0.4%
Carrefour SA     297,017       5,482  
Danone SA     207       16  
L'Oreal SA     21,110       8,592  
              14,090  
Energy — 0.6%
Gaztransport Et Technigaz SA     11,308       2,651  
North Atlantic Energies     5,579       429  
TotalEnergies SE     179,936       16,462  
              19,542  
Financials — 0.9%
Amundi SA     139,962       11,990  
AXA SA     56,670       2,596  
BNP Paribas SA     66,703       6,334  
Coface SA     65,631       1,139  
SCOR SE     89,101       3,175  
Societe Generale SA     103,971       7,568  
VIEL & Cie SA     2,891       50  
              32,852  
Health Care — 0.2%
EssilorLuxottica SA     14,067       3,268  
Ipsen SA     26,045       4,852  
              8,120  
Industrials — 1.6%
Air France-KLM *     129,399       1,307  
Airbus SE     28,566       5,384  
Bouygues SA     76,830       4,439  
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Cie de Saint-Gobain SA     337     $ 28  
Derichebourg SA     6,556       62  
Eiffage SA     31,544       4,822  
Elis SA     33,851       956  
Legrand SA     18,597       2,880  
Rexel SA     384,390       15,184  
Safran SA     16,814       5,485  
Societe BIC SA     9,353       583  
Teleperformance SE     238,140       13,950  
              55,080  
Information Technology — 0.0%
Alten SA     7,705       476  
Dassault Systemes SE     23,944       483  
Neurones     996       41  
              1,000  
Materials — 0.4%
Arkema SA     181,979       12,455  
 
Real Estate — 0.2%
Carmila SA, Strike Price 866859 ‡     29,577       573  
Covivio SA/France ‡     28,949       1,725  
Klepierre SA ‡     103,115       3,859  
              6,157  
Utilities — 0.3%
Engie SA     297,227       9,549  
Rubis SCA     39,805       1,608  
              11,157  
Total France             236,386  
 
Gabon — 0.0%
 
Energy — 0.0%
BW Energy Ltd *     42,781       274  
 
Georgia — 0.1%
 
Financials — 0.1%
Lion Finance Group PLC     16,143       1,996  
TBC Bank Group PLC     24,207       1,317  
              3,313  
Total Georgia             3,313  
 
Germany — 7.5%
 
Communication Services — 0.4%
Borussia Dortmund GmbH & Co KGaA     40,992       144  
CTS Eventim AG & Co KGaA     47,358       2,765  
Deutsche Telekom AG     254,646       9,474  
Scout24 SE     9,528       733  
Trivago NV ADR *     4,663       13  
              13,129  
Consumer Discretionary — 0.8%
Aumovio SE *     14,287       558  
Auto1 Group SE *     887       16  
Bayerische Motoren Werke AG     10,424       961  
 
4 

SEI Institutional International Trust

 
 
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Continental AG     153,550     $ 10,685  
Hornbach Holding AG & Co KGaA     4,790       451  
HUGO BOSS AG     65,368       2,821  
Mercedes-Benz Group AG     187,261       11,473  
Schaeffler AG     31,741       264  
TUI AG     96,799       760  
Westwing Group SE *     1,946       31  
Zeal Network SE     44       2  
              28,022  
Energy — 0.0%
Friedrich Vorwerk Group SE     10,064       830  
 
Financials — 1.0%
Commerzbank AG     180,245       6,554  
Deutsche Bank AG     164,014       4,866  
Deutsche Boerse AG     57,113       16,678  
DWS Group GmbH & Co KGaA     31,848       2,045  
flatexDEGIRO SE     42,782       1,471  
Muenchener Rueckversicherungs- Gesellschaft AG in Muenchen     6,812       4,289  
              35,903  
Health Care — 1.0%
Bayer AG     377,673       17,423  
Fresenius Medical Care AG     348,622       15,749  
Medios AG *     3,252       46  
              33,218  
Industrials — 2.2%
Bilfinger SE     15,488       1,788  
Cewe Stiftung & Co KGAA     1,678       181  
Daimler Truck Holding AG     532,122       26,122  
Deutsche Lufthansa AG     340,572       2,891  
Deutz AG     82,973       832  
Duerr AG     53,293       1,181  
GEA Group AG     71,731       5,128  
HOCHTIEF AG     10,147       4,601  
Indus Holding AG     2,579       80  
Knorr-Bremse AG     242       28  
Krones AG     700       95  
MTU Aero Engines AG     10,363       3,769  
Nordex SE *     79,995       4,321  
Pfisterer Holding SE *     8,131       658  
Rational AG     1,541       1,127  
Siemens AG     4,319       1,049  
Siemens Energy AG     134,412       23,106  
SMA Solar Technology AG *     22,594       1,250  
Technotrans SE     848       27  
              78,234  
Information Technology — 0.6%
AIXTRON SE     53,057       2,064  
Atoss Software SE     7,545       668  
Basler AG *     2,670       39  
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Elmos Semiconductor SE     4,166     $ 716  
SAP SE     89,941       15,285  
Softwareone Holding AG     89,081       778  
              19,550  
Materials — 1.2%
Alzchem Group AG     3,019       602  
BASF SE     434,656       26,686  
Evonik Industries AG     710,497       13,898  
K+S AG     1,018       19  
Salzgitter AG     21,746       939  
thyssenkrupp AG     118,160       1,038  
              43,182  
Real Estate — 0.1%
Aroundtown SA *     437,693       1,162  
LEG Immobilien SE     18,075       1,177  
              2,339  
Utilities — 0.2%
E.ON SE     130,613       2,851  
RWE AG     56,491       3,789  
              6,640  
Total Germany             261,047  
 
Guatemala — 0.0%
 
Communication Services — 0.0%
Millicom International Cellular SA     7,862       589  
 
Hong Kong — 1.8%
 
Consumer Discretionary — 0.2%
Chow Sang Sang Holdings International Ltd     497,432       871  
Crystal International Group Ltd     710,363       531  
Johnson Electric Holdings Ltd     513,496       1,558  
Luk Fook Holdings International Ltd     331,000       981  
Yue Yuen Industrial Holdings Ltd     1,210,715       2,362  
              6,303  
Consumer Staples — 0.2%
Chaoda Modern Agriculture Holdings Ltd *     122,000       3  
WH Group Ltd     4,165,999       5,477  
              5,480  
Financials — 0.5%
AIA Group Ltd     707,400       7,861  
Bank of East Asia Ltd/The     45,424       76  
Dah Sing Banking Group Ltd     563,600       880  
Dah Sing Financial Holdings Ltd     148,800       772  
Futu Holdings Ltd ADR *     32,903       4,500  
Hong Kong Exchanges & Clearing Ltd     45,941       2,318  
Hongkong Land Holdings Ltd     292,700       2,281  
Sun Hung Kai & Co Ltd     556,000       303  
              18,991  
Health Care — 0.0%
Modern Dental Group Ltd     32,000       25  
 

SEI Institutional International Trust

 5
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

International Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)                
United Laboratories International Holdings Ltd/The     601,722     $ 746  
              771  
Industrials — 0.2%                
Cathay Pacific Airways Ltd     668,000       965  
Swire Pacific Ltd, Cl A     240,858       2,633  
Techtronic Industries Co Ltd     236,689       3,144  
TS Lines Ltd     183,000       187  
              6,929  
Information Technology — 0.1%                
PAX Global Technology Ltd     1,339,000       734  
Plover Bay Technologies Ltd     154,000       142  
VTech Holdings Ltd     155,335       1,176  
              2,052  
Real Estate — 0.6%                
CK Asset Holdings Ltd     1,613,011       9,231  
Great Eagle Holdings Ltd     20,000       42  
Hang Lung Group Ltd     591,009       1,130  
Hang Lung Properties Ltd     2,024,265       2,265  
Hysan Development Co Ltd     543,441       1,305  
Kerry Properties Ltd     713,223       2,000  
Langham Hospitality Investments and Langham Hospitality Investments Ltd     1,333        
Sun Hung Kai Properties Ltd     219,514       3,656  
Swire Properties Ltd     312,800       916  
              20,545  
Total Hong Kong             61,071  
                 
Indonesia — 0.5%                
                 
Consumer Staples — 0.1%                
First Resources Ltd     433,257       976  
Golden Agri-Resources Ltd     3,991,041       948  
              1,924  
Financials — 0.2%                
Bank Rakyat Indonesia Persero Tbk PT     29,148,308       5,825  
                 
Industrials — 0.2%                
Jardine Matheson Holdings Ltd     108,276       7,783  
Total Indonesia             15,532  
                 
Ireland — 1.3%                
                 
Consumer Discretionary — 0.0%                
Cairn Homes PLC     361,456       886  
                 
Consumer Staples — 0.0%                
Greencore Group PLC     245,899       786  
                 
Financials — 1.3%                
AIB Group PLC     1,959,097       20,848  
Bank of Ireland Group PLC     1,305,271       23,607  
              44,455  
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Health Care — 0.0%
Amarin Corp PLC ADR     13,654     $ 197  
 
Information Technology — 0.0%
Fineos Corp Ltd, Cl CDI *     16,698       26  
Total Ireland             46,350  
 
Israel — 1.8%
 
Communication Services — 0.0%
B Communications Ltd *(A)     25,894        
Cellcom Israel Ltd     5,973       64  
Nexxen International Ltd *     47,612       311  
Perion Network Ltd *     46,268       462  
              837  
Consumer Discretionary — 0.0%
Castro Model Ltd     1,483       45  
Delta Israel Brands Ltd     972       31  
Max Stock Ltd     56,069       472  
              548  
Consumer Staples — 0.0%
M Yochananof & Sons Ltd     1,728       198  
Neto ME Holdings Ltd *     1,575       132  
              330  
Energy — 0.1%
Delek Group Ltd     4,421       1,482  
 
Financials — 1.4%
Analyst IMS Investment Management Services Ltd     8,667       339  
Ayalon Holdings Ltd     1,105       47  
Bank Hapoalim BM     329,954       7,717  
Bank Leumi Le-Israel BM     990,302       22,053  
Generation Capital Ltd     38,539       30  
Harel Insurance Investments & Financial Services Ltd     44,752       2,485  
Israel Discount Bank Ltd, Cl A     432,797       4,352  
MENIF - Financial Services Ltd     5,824       45  
Mizrahi Tefahot Bank Ltd     5,162       376  
More Provident Funds And Pension Ltd     6,030       25  
Nawi Group Ltd     1,461       24  
Phoenix Financial Ltd     40,202       2,138  
Plus500 Ltd     20,072       1,083  
Tel Aviv Stock Exchange Ltd     120,710       5,340  
YD More Investments Ltd     51,883       581  
              46,635  
Health Care — 0.0%
SofWave Medical Ltd *     13,799       163  
Teva Pharmaceutical Industries Ltd ADR *     5,644       170  
              333  
 
6 

SEI Institutional International Trust

 
 
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Industrials — 0.0%
FMS Enterprises Migun Ltd     1,390     $ 115  
 
Information Technology — 0.3%
Allot Ltd *     81,001       539  
Arad Ltd     1,508       21  
Check Point Software Technologies Ltd *     22,912       3,273  
Formula Systems 1985 Ltd     316       38  
Gilat Satellite Networks Ltd *     48,586       730  
Ituran Location and Control Ltd     14,774       724  
Next Vision Stabilized Systems Ltd     9,624       932  
Nova Ltd *     5,625       2,443  
Qualitau Ltd     5,240       874  
Telsys Ltd     777       66  
Tower Semiconductor Ltd *     9,106       1,598  
Wix.com Ltd *     4,661       420  
              11,658  
Materials — 0.0%
Israel Corp Ltd     1,693       472  
 
Real Estate — 0.0%
IES Holdings Ltd *     77       14  
Lahav L.R. Real Estate Ltd     15,463       53  
              67  
Utilities — 0.0%
Zephyrus Wing Energies Ltd *     2,535       24  
Total Israel             62,501  
 
Italy — 3.8%
 
Communication Services — 0.0%
Arnoldo Mondadori Editore SpA     207,913       477  
Fiera Milano SpA     38,567       320  
MFE-MediaForEurope NV, Cl A     251,609       755  
              1,552  
Consumer Discretionary — 0.4%
CIR SpA-Compagnie Industriali *     257,347       202  
De' Longhi SpA     16,364       573  
Ferrari NV     1,199       406  
Lottomatica Group Spa     97,707       2,812  
Moncler SpA     28,155       1,690  
OVS SpA     169,861       879  
PRADA SpA     946,900       4,514  
Safilo Group SpA *     22,177       44  
Sogefi SpA     40,118       88  
Technogym SpA     96,100       1,935  
              13,143  
Consumer Staples — 0.2%
Coca-Cola HBC AG     118,755       6,665  
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Energy — 0.7%
Eni SpA     822,671     $ 23,318  
 
Financials — 1.7%
Azimut Holding SpA     32,332       1,225  
Banca Mediolanum SpA     273,049       5,515  
Banco di Desio e della Brianza SpA     14,693       147  
FinecoBank Banca Fineco SpA     152,012       3,371  
Generali     148,501       5,956  
Intesa Sanpaolo SpA     2,990,277       18,028  
Poste Italiane SpA     146,985       3,449  
UniCredit SpA     239,329       17,116  
Unipol Assicurazioni SpA     216,084       5,004  
              59,811  
Health Care — 0.1%
Philogen SpA *     4,799       125  
Recordati Industria Chimica e Farmaceutica SpA     26,892       1,535  
              1,660  
Industrials — 0.1%
Danieli & C Officine Meccaniche SpA     19,654       969  
Leonardo SpA     59,072       4,005  
TREVI - Finanziaria Industriale SpA *     300,500       113  
              5,087  
Information Technology — 0.0%
Cy4gate SPA, Cl CDI *     11,424       91  
 
Utilities — 0.6%
A2A SpA     1,417,926       4,002  
ACEA SpA     45,132       1,169  
Ascopiave SpA     41,746       164  
Enel SpA     755,137       8,230  
Iren SpA     197,727       558  
Italgas SpA     599,023       6,956  
              21,079  
Total Italy             132,406  
 
Japan — 18.1%
 
Communication Services — 0.5%
Hakuhodo DY Holdings Inc     115,219       757  
Kakaku.com Inc     3,300       43  
Konami Group Corp     273       34  
Nexon Co Ltd     102,000       1,917  
Nintendo Co Ltd     218,700       12,455  
NTT Inc     1,554,240       1,551  
SKY Perfect JSAT Holdings Inc     93,635       1,771  
              18,528  
Consumer Discretionary — 3.0%
Aisin Corp     138,349       1,944  
Asics Corp     190,459       5,108  
Aucnet Inc     4,400       34  
 

SEI Institutional International Trust

 7
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

International Equity Fund (Continued)

 

Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Bandai Namco Holdings Inc     3,918     $ 96  
Bridgestone Corp     344,814       7,168  
Central Automotive Products Ltd     3,400       41  
Daikyonishikawa Corp     9,200       49  
DCM Holdings Co Ltd     38,442       390  
EDION Corp     33,154       452  
Fast Retailing Co Ltd     26,752       10,544  
Food & Life Cos Ltd     57,607       3,428  
FuKoKu Co Ltd     2,000       23  
Futaba Industrial Co Ltd     5,800       36  
Goldwin Inc     18,205       258  
Happinet Corp     5,000       86  
Haseko Corp     235,768       4,345  
Honda Motor Co Ltd     891,356       7,197  
Iida Group Holdings Co Ltd     287,191       4,407  
JTEKT Corp     113,396       1,214  
K's Holdings Corp     41,883       444  
Mazda Motor Corp     299,938       2,047  
Mitsubishi Motors Corp     297,918       597  
Niterra Co Ltd     122,567       5,765  
NOK Corp     37,910       685  
Panasonic Holdings Corp     65,740       1,100  
Rinnai Corp     71,583       1,669  
Ryohin Keikaku Co Ltd     233,780       4,977  
Sankyo Co Ltd     165,633       2,044  
Sanrio Co Ltd     2,105       13  
Seiko Group Corp     17,296       620  
Shimamura Co Ltd     73,050       1,526  
Subaru Corp     186,710       3,001  
Sumitomo Electric Industries Ltd     237,298       13,451  
Suzuki Motor Corp     480,753       5,846  
Takashimaya Co Ltd     745       9  
Toyo Tire Corp     35,309       826  
Toyoda Gosei Co Ltd     82,038       2,145  
Toyota Boshoku Corp     35,430       554  
USS Co Ltd     348,068       3,652  
Yagi & Co Ltd     900       23  
Yamada Holdings Co Ltd     308,959       1,023  
Yamaha Corp     225,111       1,590  
Yokohama Rubber Co Ltd/The     69,942       2,677  
Yonex Co Ltd     1,416       27  
ZOZO Inc     102,085       713  
              103,844  
Consumer Staples — 1.0%
Aeon Co Ltd     587,859       7,011  
Ain Holdings Inc     13,238       473  
H2O Retailing Corp     25,956       396  
Japan Tobacco Inc     82,328       3,151  
Kotobuki Spirits Co Ltd     29,427       342  
Megmilk Snow Brand Co Ltd     18,348       374  
MEIJI Holdings Co Ltd     1,355       33  
NH Foods Ltd     15,340       680  
Nissui Corp     3,902       33  
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Pigeon Corp     32,021     $ 330  
Shiseido Co Ltd     230,000       4,688  
Suntory Beverage & Food Ltd     614,830       17,321  
              34,832  
Energy — 0.6%
Cosmo Energy Holdings Co Ltd     55,305       1,561  
ENEOS Holdings Inc     306,264       2,753  
Idemitsu Kosan Co Ltd     79,446       778  
Inpex Corp     222,871       6,576  
Japan Petroleum Exploration Co Ltd     82,630       1,358  
Nippon Mining Holdings     301,421       6,664  
              19,690  
Financials — 1.3%
77 Bank Ltd/The     1,200       24  
Bank of the Ryukyus Ltd     1,900       27  
Fukuoka Financial Group Inc     158,857       6,069  
Japan Post Holdings Co Ltd     710,093       8,179  
Japan Post Insurance Co Ltd     280,980       2,827  
Keiyo Bank Ltd/The     7,900       103  
Kita-Nippon Bank Ltd/The     1,300       38  
Mitsubishi UFJ Financial Group Inc     418,771       7,074  
Miyazaki Bank Ltd/The     4,500       52  
Mizuho Financial Group Inc     111,500       4,503  
MS&AD Insurance Group Holdings Inc     1,700       44  
Nomura Holdings Inc     63,300       497  
Ogaki Kyoritsu Bank Ltd/The     3,500       138  
Okinawa Financial Group Inc     1,000       34  
Resona Holdings Inc     670,253       7,628  
San ju San Financial Group Inc     7,200       67  
Shimizu Bank Ltd/The     1,300       20  
Sony Financial Group Inc     21,908       20  
Sumitomo Mitsui Financial Group Inc     127,673       4,188  
Toho Bank Ltd/The     8,600       36  
Tokio Marine Holdings Inc     37,978       1,778  
TOMONY Holdings Inc     6,300       33  
              43,379  
Health Care — 1.9%
Alfresa Holdings Corp     86,849       1,399  
Asahi Intecc Co Ltd     43,891       935  
Chugai Pharmaceutical Co Ltd     65,896       3,625  
Hisamitsu Pharmaceutical Co Inc     8,877       337  
Hoya Corp     32,320       5,589  
Medipal Holdings Corp     91,971       1,723  
Nippon Shinyaku Co Ltd     20,467       672  
Nipro Corp     54,839       539  
Olympus Corp     1,176,097       11,178  
Ono Pharmaceutical Co Ltd     235,199       3,766  
Otsuka Holdings Co Ltd     74,618       5,283  
Santen Pharmaceutical Co Ltd     171,287       1,932  
Sawai Group Holdings Co Ltd     58,604       824  
Shionogi & Co Ltd     572,653       12,637  
 
8

SEI Institutional International Trust

 
 
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Ship Healthcare Holdings Inc     31,279     $ 482  
Suzuken Co Ltd/Aichi Japan     31,657       1,195  
Sysmex Corp     517,500       4,502  
Takeda Pharmaceutical Co Ltd     217,821       8,002  
Terumo Corp     31,014       416  
Toho Holdings Co Ltd     29,461       882  
Tsumura & Co     32,031       759  
              66,677  
Industrials — 4.3%
AGC Inc     78,196       2,764  
Amada Co Ltd     234,729       3,302  
ANA Holdings Inc     85,760       1,532  
Anest Iwata Corp     3,800       39  
Central Japan Railway Co     267,465       6,938  
Chugai Ro Co Ltd     800       21  
COMSYS Holdings Corp     51,281       1,635  
Dai Nippon Printing Co Ltd     200,873       3,651  
Daihatsu Infinearth Mfg Co Ltd     3,200       43  
Daikin Industries Ltd     158,300       18,942  
EXEO Group Inc     98,483       1,689  
Fuji Corp/Aichi     1,272       39  
Fujikura Ltd     113,562       3,116  
Furukawa Electric Co Ltd     16,768       3,211  
Gecoss Corp     2,800       31  
grems Inc     1,400       25  
Hanwa Co Ltd     61,275       613  
Hazama Ando Corp     43,455       542  
Helios Techno Holding Co Ltd     7,200       52  
Hirakawa Hewtech Corp     2,730       66  
Hitachi Ltd     45,500       1,332  
Inaba Denki Sangyo Co Ltd     42,879       714  
INFRONEER Holdings Inc     214,149       2,964  
Japan Airlines Co Ltd     81,221       1,323  
JGC Holdings Corp     126,247       1,852  
Kajima Corp     195,850       7,453  
Kamigumi Co Ltd     30,658       1,057  
Kanaden Corp     2,000       26  
Kanematsu Corp     71,752       1,021  
Kinden Corp     65,643       2,946  
Kitz Corp     12,200       140  
Komatsu Ltd     89,247       3,545  
KPP Group Holdings Co Ltd     13,100       74  
Kubota Corp     482,953       7,721  
MEITEC Group Holdings Inc     15,199       314  
MINEBEA MITSUMI Inc     748,106       12,392  
MIRAIT ONE corp     29,141       672  
Mitsubishi Electric Corp     249,283       8,134  
Mitsubishi Heavy Industries Ltd     851       23  
Nachi-Fujikoshi Corp     1,200       35  
Nagase & Co Ltd     90,344       670  
NGK Corp     60,032       1,543  
Nisshinbo Holdings Inc     76,410       713  
NSK Ltd     210,891       1,491  
Description   Shares    

Market Value

($ Thousands)

 
COMMON STOCK (continued)
Obayashi Corp     287,503     $ 6,947  
OSG Corp     32,306       525  
Penta-Ocean Construction Co Ltd     179,212       1,901  
Recruit Holdings Co Ltd     95,098       4,133  
Sanko Gosei Ltd     28,900       158  
Sanwa Holdings Corp     1,689       38  
Shimizu Corp     267,529       4,788  
SHO-BOND Holdings Co Ltd     41,300       369  
Sumitomo Corp     1,045       39  
Sumitomo Heavy Industries Ltd     59,513       1,816  
Taisei Corp     68,753       7,106  
Takeuchi Manufacturing Co Ltd     15,198       606  
Tanseisha Co Ltd     9,300       88  
Toyota Tsusho Corp     364,595       14,096  
Tsubakimoto Chain Co     35,014       519  
Visional Inc *     7,393       332  
World Holdings Co Ltd     1,400       22  
Yurtec Corp     2,900       48  
              149,937  
Information Technology — 3.0%
Advantest Corp     49,939       6,875  
Alps Alpine Co Ltd     97,657       1,321  
Amano Corp     21,400       513  
Anritsu Corp     72,235       1,308  
Argo Graphics Inc     3,600       33  
Arisawa Manufacturing Co Ltd     8,100       119  
BIPROGY Inc     42,990       1,262  
Brother Industries Ltd     137,399       2,538  
Canon Inc     408,210       11,299  
Canon Marketing Japan Inc     35,300       774  
Celsys Inc     3,000       25  
Chino Corp     2,500       23  
Citizen Watch Co Ltd     946       10  
Comture Corp     6,900       64  
Daiwabo Holdings Co Ltd     29,363       577  
Furuno Electric Co Ltd     2,500       100  
GMO internet group Inc     31,818       583  
Horiba Ltd     8,646       1,009  
Innotech Corp     2,500       39  
Japan Aviation Electronics Industry Ltd     28,800       418  
Japan Electronic Materials Corp     11,700       414  
Keyence Corp     47,179       16,751  
Koa Corp     27,500       259  
Konica Minolta Inc     235,617       789  
Mabuchi Motor Co Ltd     99,206       997  
Marubun Corp     9,300       66  
m-up Holdings Inc     45,700       186  
Murata Manufacturing Co Ltd     1,023,410       22,907  
Nagano Keiki Co Ltd     3,000       53  
NEC Corp     133,571       3,316  
Nichicon Corp     20,900       235  
Nippon Ceramic Co Ltd     1,300       28  
Nippon Electric Glass Co Ltd     17,420       669  
 

SEI Institutional International Trust

 9
 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

  

International Equity Fund (Continued)

  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
OBIC Business Consultants Co Ltd     132,008     $ 5,260  
Obic Co Ltd     102,388       2,479  
Oki Electric Industry Co Ltd     5,700       96  
Optex Group Co Ltd     4,400       74  
Oracle Corp Japan     7,593       412  
Ricoh Co Ltd     306,770       2,587  
Seiko Epson Corp     164,379       2,027  
Shimadzu Corp     68,547       1,625  
Socionext Inc     10,300       128  
System Support Holdings Inc     5,600       39  
Tazmo Co Ltd     12,200       169  
TDK Corp     840,796       10,896  
TIS Inc     779       17  
Uchida Yoko Co Ltd     2,000       25  
Wacom Co Ltd     103,300       500  
Yokogawa Electric Corp     64,417       1,986  
              103,880  
Materials — 1.4%                
ADEKA Corp     58,692       1,368  
Asahi Kasei Corp     107,434       1,049  
Daicel Corp     106,730       843  
Daido Steel Co Ltd     61,415       727  
DIC Corp     47,275       1,107  
Ishihara Chemical Co Ltd     1,400       21  
JFE Holdings Inc     324,175       3,786  
Kaneka Corp     19,651       600  
Koatsu Gas Kogyo Co Ltd     3,400       24  
Kobe Steel Ltd     190,478       2,306  
Lintec Corp     22,184       644  
Mitsubishi Chemical Group Corp     723,933       4,222  
Mitsubishi Materials Corp     24,607       774  
Mitsui Chemicals Inc     173,856       2,095  
Mitsui Kinzoku Co Ltd     9,177       1,737  
Nihon Nohyaku Co Ltd     4,400       28  
Nippon Fine Chemical Co Ltd     1,400       22  
Nippon Kayaku Co Ltd     63,642       715  
Nippon Paint Holdings Co Ltd     13,759       86  
Nippon Shokubai Co Ltd     39,942       577  
Nippon Steel Corp     1,779,760       6,547  
Nissan Chemical Corp     36,769       1,426  
Nitto Denko Corp     181,992       3,632  
Oji Holdings Corp     244,641       1,320  
Rengo Co Ltd     117,447       950  
Shin-Etsu Chemical Co Ltd     21,159       859  
Soken Chemical & Engineering Co Ltd     2,300       48  
Taiheiyo Cement Corp     56,780       1,276  
Tokuyama Corp     33,113       802  
Tokyo Ohka Kogyo Co Ltd     59,335       2,897  
Toray Industries Inc     510,327       3,626  
Tosoh Corp     161,348       2,393  
UBE Corp     53,559       838  
Zeon Corp     79,794       907  
              50,252  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
                 
Real Estate — 0.4%                
Daiwa House Industry Co Ltd     53,446     $ 1,672  
Hulic Co Ltd     245,603       2,856  
Sumitomo Realty & Development Co Ltd     328,884       9,310  
              13,838  
                 
Utilities — 0.7%                
Chubu Electric Power Co Inc     356,042       5,856  
Chugoku Electric Power Co Inc/The     169,056       1,075  
Electric Power Development Co Ltd     73,868       2,029  
Hokkaido Electric Power Co Inc     80,939       550  
Hokuriku Electric Power Co     71,294       489  
Kansai Electric Power Co Inc/The     352,016       5,838  
Kyushu Electric Power Co Inc     215,085       2,487  
Osaka Gas Co Ltd     19,637       793  
Shikoku Electric Power Co Inc     64,374       722  
Tohoku Electric Power Co Inc     278,064       2,080  
Tokyo Electric Power Co Holdings Inc *     627,275       2,579  
              24,498  
Total Japan             629,355  
                 
Liechtenstein — 0.0%                
                 
Financials — 0.0%                
VP Bank AG, Cl A     992       106  
               
Luxembourg — 0.8%                
                 
Communication Services — 0.0%                
SES SA, Cl A     125,450       898  
                 
Health Care — 0.2%                
Eurofins Scientific SE     65,770       4,784  
                 
Materials — 0.6%                
ArcelorMittal SA     419,684       21,697  
Total Luxembourg             27,379  
                 
Macao — 0.4%                
                 
Consumer Discretionary — 0.4%                
Galaxy Entertainment Group Ltd     2,987,091       13,503  
               
Malaysia — 0.0%                
                 
Industrials — 0.0%                
Frencken Group Ltd     342,000       550  
               
Netherlands — 5.5%                
                 
Communication Services — 0.4%                
Havas NV     34,328       600  
Universal Music Group NV     632,118       12,231  
              12,831  
                 
Consumer Discretionary — 0.0%                
Kendrion NV     2,577       51  

 

 

10 SEI Institutional International Trust
 
 

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
                 
Consumer Staples — 0.6%                
Heineken Holding NV     10,022     $ 711  
Koninklijke Ahold Delhaize NV     389,337       18,074  
Magnum Ice Cream Co NV/The *     247,424       3,623  
              22,408  
                 
Energy — 0.1%                
SBM Offshore NV     86,949       3,456  
                 
Financials — 1.8%                
ABN AMRO Bank NV GDR     279,700       8,839  
Euronext NV     31,143       4,985  
HAL Trust     5,099       1,027  
ING Groep NV     1,347,628       34,870  
NN Group NV     141,855       11,043  
Van Lanschot Kempen NV, Cl A     2,558       169  
              60,933  
                 
Health Care — 0.4%                
Koninklijke Philips NV     532,270       14,513  
Pharming Group NV *     362,586       611  
              15,124  
                 
Industrials — 0.7%                
Koninklijke BAM Groep SE     277,451       2,801  
Koninklijke Heijmans N.V     14,471       1,293  
Randstad NV     272,762       7,096  
TKH Group NV     1,655       71  
Wolters Kluwer NV     151,692       11,294  
              22,555  
                 
Information Technology — 1.5%                
ASM International NV     7,343       5,548  
ASML Holding NV     18,937       25,102  
ASML Holding NV, Cl G     14,131       18,665  
BE Semiconductor Industries NV     13,036       2,784  
Nedap NV     1,390       127  
              52,226  
                 
Materials — 0.0%                
AMG Critical Materials NV     10,779       431  
Corbion NV     3,635       79  
              510  
                 
Real Estate — 0.0%                
Eurocommercial Properties NV     13,830       418  
Total Netherlands             190,512  
                 
New Zealand — 0.2%                
                 
Health Care — 0.2%                
Fisher & Paykel Healthcare Corp Ltd     244,945       5,264  
              5,264  
                 
Industrials — 0.0%                
Freightways Group Ltd     8,186       56  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
                 
Information Technology — 0.0%                
Xero Ltd *     9,820     $ 515  
Total New Zealand             5,835  
                 
Nigeria — 0.1%                
                 
Communication Services — 0.1%                
Airtel Africa PLC     366,748       1,685  
IHS Holding Ltd *     50,240       413  
              2,098  
Total Nigeria             2,098  
                 
Norway — 1.8%                
                 
Consumer Discretionary — 0.0%                
Europris ASA     4,808       45  
SATS ASA     20,925       93  
              138  
                 
Consumer Staples — 0.1%                
Orkla ASA     331,614       4,148  
                 
Energy — 1.3%                
Aker BP ASA     72,252       2,655  
Aker Solutions ASA     313,569       1,492  
BW Offshore Ltd     22,654       121  
Equinor ASA     931,883       39,466  
Frontline PLC     14,203       495  
Solstad Offshore ASA     11,263       79  
Var Energi ASA     420,254       2,151  
              46,459  
                 
Financials — 0.1%                
DNB Bank ASA     94,365       2,935  
SpareBank 1 Nord Norge     46,037       738  
              3,673  
                 
Industrials — 0.1%                
2020 Bulkers Ltd     3,667       52  
AF Gruppen ASA     3,040       53  
Hoegh Autoliners ASA     100,801       1,451  
Moreld AS     21,970       39  
MPC Container Ships ASA     101,002       239  
Wallenius Wilhelmsen ASA, Cl B     47,753       604  
Wilh Wilhelmsen Holding ASA, Cl B     1,537       101  
Zaptec ASA *     13,417       40  
              2,579  
                 
Information Technology — 0.1%                
Kitron ASA     204,721       1,964  
Smartoptics Group ASA     26,082       117  
              2,081  
                 
Materials — 0.1%                
Norsk Hydro ASA     470,809       4,988  
Total Norway             64,066  

 

 

SEI Institutional International Trust 11
 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

International Equity Fund (Continued)

 

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
Portugal — 0.4%                
                 
Communication Services — 0.0%                
NOS SGPS SA     88,798     $ 560  
                 
Consumer Staples — 0.2%                
Jeronimo Martins SGPS SA     175,143       4,175  
Sonae SGPS SA     445,165       985  
              5,160  
                 
Energy — 0.1%                
Galp Energia SGPS SA, Cl B     105,406       2,519  
                 
Financials — 0.1%                
Banco Comercial Portugues SA, Cl R     2,426,315       2,356  
                 
Industrials — 0.0%                
CTT-Correios de Portugal SA     26,131       181  
Teixeira Duarte SA *     592,710       287  
              468  
                 
Utilities — 0.0%                
EDP SA     84,745       447  
REN - Redes Energeticas Nacionais SGPS SA     146,977       633  
              1,080  
Total Portugal             12,143  
                 
Singapore — 1.7%                
                 
Communication Services — 0.2%                
IGG Inc     237,587       107  
Singapore Telecommunications Ltd     1,565,000       6,005  
              6,112  
Consumer Staples — 0.0%                
Sheng Siong Group Ltd     161,716       354  
                 
Energy — 0.0%                
Hafnia Ltd     39,685       305  
                 
Financials — 0.8%                
DBS Group Holdings Ltd     127,925       5,673  
iFAST Corp Ltd     166,300       1,165  
Oversea-Chinese Banking Corp Ltd     374,765       6,397  
Singapore Exchange Ltd     445,111       6,767  
United Overseas Bank Ltd     260,813       7,440  
              27,442  
                 
Industrials — 0.4%                
BRC Asia Ltd     7,000       25  
ComfortDelGro Corp Ltd     851,359       954  
Hong Leong Asia Ltd     258,500       567  
Keppel Ltd     26,600       244  
Pan-United Corp Ltd     107,200       129  
SIA Engineering Co Ltd     25,600       64  
Singapore Airlines Ltd     799,362       4,108  
Singapore Technologies Engineering Ltd     877,957       7,426  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
Wee Hur Holdings Ltd     510,500     $ 259  
              13,776  
                 
Information Technology — 0.2%                
AEM Holdings Ltd *     84,800       279  
Aztech Global Ltd     53,700       33  
CSE Global Ltd     1,566,600       1,460  
UMS Integration Ltd     627,850       758  
Venture Corp Ltd     358,844       4,306  
              6,836  
                 
Materials — 0.0%                
CNMC Goldmine Holdings Ltd     435,900       505  
Straits Trading Co Ltd/Singapore     23,100       29  
              534  
                 
Real Estate — 0.1%                
Centurion Corp Ltd     467,400       535  
City Developments Ltd     213,933       1,370  
GuocoLand Ltd     39,000       72  
Ho Bee Land Ltd     14,900       24  
Singapore Land Group Ltd     6,600       18  
UOL Group Ltd     281,681       2,131  
Wing Tai Holdings Ltd     50,600       64  
              4,214  
Total Singapore             59,573  
                 
South Africa — 0.1%                
                 
Materials — 0.1%                
Pan African Resources PLC     1,186,989       2,191  
               
South Korea — 0.2%                
                 
Financials — 0.2%                
Shinhan Financial Group Co Ltd     119,304       7,111  
               
Spain — 2.6%                
                 
Communication Services — 0.0%                
Telefonica SA     152,449       665  
                 
Consumer Discretionary — 0.4%                
Amadeus IT Group SA, Cl A     147,019       8,380  
Industria de Diseno Textil SA     89,021       5,166  
              13,546  
                 
Consumer Staples — 0.1%                
Distribuidora Internacional de Alimentacion SA *     12,644       590  
Viscofan SA     9,194       638  
              1,228  
                 
Energy — 0.6%                
Repsol SA     703,020       19,726  
Tecnicas Reunidas SA *     27,725       989  
              20,715  

 

 

12 SEI Institutional International Trust
 
 

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
                 
Financials — 0.9%                
Banco Bilbao Vizcaya Argentaria SA     572,831     $ 12,334  
Banco Santander SA     1,138,724       12,726  
CaixaBank SA     404,863       4,838  
Mapfre SA     394,483       1,752  
              31,650  
                 
Industrials — 0.5%                
ACS Actividades de Construccion y Servicios SA     92,757       11,277  
Aena SME SA     153,168       4,517  
Construcciones y Auxiliar de Ferrocarriles SA     9,376       635  
Elecnor SA     22,272       869  
              17,298  
                 
Information Technology — 0.1%                
Indra Sistemas SA     40,799       2,273  
                 
Utilities — 0.0%                
Enagas SA     1,661       33  
Iberdrola SA     529       12  
Solaria Energia y Medio Ambiente SA *     42,794       1,182  
              1,227  
Total Spain             88,602  
                 
Sweden — 2.1%                
                 
Communication Services — 0.1%                
Hemnet Group AB     18,070       205  
Ovzon AB *     25,068       144  
Tele2 AB, Cl B     32,597       671  
Telia Co AB     147,703       752  
              1,772  
                 
Consumer Discretionary — 0.1%                
Byggmax Group AB     17,625       101  
Clas Ohlson AB, Cl B     20,799       817  
Evolution AB     16,429       1,026  
Rusta AB     6,360       63  
Rvrc Holding AB     104,086       725  
Scandic Hotels Group AB     85,542       767  
              3,499  
                 
Financials — 0.4%                
Avanza Bank Holding AB     33,199       1,274  
Kinnevik AB *     5,673       30  
Nordnet AB publ     11,464       371  
Skandinaviska Enskilda Banken AB, Cl A     7,679       141  
Swedbank AB, Cl A     323,834       10,969  
              12,785  
                 
Health Care — 0.0%                
Attendo AB     64,490       690  
BioGaia AB, Cl B     31,450       396  
Cantargia AB *     183,219       79  
              1,165  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
                 
Industrials — 0.8%                
Assa Abloy AB, Cl B     52,526     $ 1,887  
Atlas Copco AB, Cl A     181,098       3,176  
Atlas Copco AB, Cl B     340,866       5,295  
Loomis AB, Cl B     32,650       1,482  
NCC AB, Cl B     47,208       1,033  
Peab AB, Cl B     177,309       1,801  
Saab AB, Cl B     30,949       2,013  
Sandvik AB     266,534       10,182  
Svedbergs Group AB     4,385       31  
              26,900  
                 
Information Technology — 0.4%                
Hanza AB     8,960       139  
Mycronic AB     52,442       1,225  
Telefonaktiebolaget LM Ericsson ADR     786,184       8,860  
Telefonaktiebolaget LM Ericsson, Cl B     389,358       4,411  
              14,635  
                 
Materials — 0.3%                
Boliden AB *     161,980       8,438  
SSAB AB, Cl B     316,407       2,479  
              10,917  
Total Sweden             71,673  
                 
Switzerland — 4.3%                
                 
Consumer Discretionary — 0.4%                
Autoneum Holding AG     857       124  
Avolta AG     31,491       1,879  
Cie Financiere Richemont SA, Cl A     58,146       10,216  
Swatch Group AG/The     3,146       691  
              12,910  
                 
Consumer Staples — 0.0%                
Chocoladefabriken Lindt & Spruengli AG     3       42  
                 
Energy — 0.0%                
TORM PLC, Cl A     19,762       551  
                 
Financials — 1.1%                
Basler Kantonalbank     592       77  
Helvetia Baloise Holding AG     279       72  
Julius Baer Group Ltd     194,010       14,200  
Partners Group Holding AG     5,200       5,577  
UBS Group AG     387,965       15,054  
Vontobel Holding AG     15,382       1,325  
Zurich Insurance Group AG     1,322       930  
              37,235  
                 
Health Care — 0.7%                
Galderma Group AG     33,207       6,494  
Galenica AG     25,340       2,871  
Sandoz Group AG     129,753       10,116  
Sonova Holding AG     11,379       2,582  

 

 

SEI Institutional International Trust 13
 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

International Equity Fund (Continued)

  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
Straumann Holding AG     37,635     $ 3,918  
              25,981  
                 
Industrials — 1.3%                
ABB Ltd     215,587       17,443  
Accelleron Industries AG     28,076       2,525  
Adecco Group AG     96,860       2,318  
Belimo Holding AG     6       5  
Bucher Industries AG     3,634       1,594  
Burckhardt Compression Holding AG     1,187       707  
Burkhalter Holding AG     239       48  
DKSH Holding AG     14,332       1,049  
dormakaba Holding AG     32,623       2,087  
Geberit AG     4,892       3,286  
Huber + Suhner AG     7,487       1,664  
Implenia AG     14,588       1,144  
Kardex Holding AG     1,077       322  
Phoenix Mecano AG     51       27  
Schindler Holding AG     24,328       7,960  
SGS SA     34,109       3,577  
              45,756  
                 
Information Technology — 0.6%                
Inficon Holding AG     4,828       608  
Logitech International SA     174,794       16,152  
Temenos AG     31,398       2,739  
              19,499  
                 
Materials — 0.2%                
Clariant AG     15,972       156  
EMS-Chemie Holding AG     2,081       1,628  
Givaudan SA     286       962  
Sika AG     19,888       3,276  
              6,022  
                 
Real Estate — 0.0%                
Investis Holding SA     203       39  
Total Switzerland             148,035  
                 
Thailand — 0.1%                
                 
Financials — 0.1%                
Bangkok Bank PCL NVDR     917,200       4,675  
               
Turkey — 0.0%                
                 
Materials — 0.0%                
Eldorado Gold Corp     2,900       99  
               
United Kingdom — 12.6%                
                 
Communication Services — 0.5%                
Autotrader Group PLC     261,275       1,629  
BT Group PLC, Cl A     98,508       275  
Gaming Realms PLC *     118,916       49  
Gamma Communications PLC     27,705       261  
MONY Group PLC     137,338       274  
Rightmove PLC     816,435       4,654  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
Vodafone Group PLC     6,175,259     $ 9,280  
              16,422  
                 
Consumer Discretionary — 1.2%                
Berkeley Group Holdings PLC     54,585       2,491  
Carnival PLC ADR     43,835       1,130  
Compass Group PLC     233,953       6,503  
Dunelm Group PLC     41,066       425  
Games Workshop Group PLC     48,542       11,433  
Inchcape PLC     138,336       1,368  
JD Sports Fashion PLC     13,947       13  
Kingfisher PLC     895,318       3,392  
Next PLC     73,825       12,426  
Pearson PLC     15,097       198  
Playtech Plc     130,084       577  
              39,956  
                 
Consumer Staples — 2.5%                
British American Tobacco PLC     56,882       3,290  
Coca-Cola Europacific Partners PLC     18,985       1,721  
Cranswick PLC     25,810       1,780  
Diageo PLC     361,067       6,690  
Imperial Brands PLC     94,044       3,799  
J Sainsbury PLC     4,671,571       20,955  
Marks & Spencer Group PLC     1,127,681       5,062  
Premier Foods PLC     342,179       834  
Reckitt Benckiser Group PLC     290,758       19,478  
Tesco PLC     2,286,491       14,318  
Unilever PLC     140,438       7,682  
              85,609  
                 
Energy — 0.3%                
BP PLC ADR     218,440       10,267  
Petronor E&P ASA     25,623       35  
              10,302  
                 
Financials — 4.0%                
AJ Bell PLC     55,597       344  
Barclays PLC ADR     360,364       7,625  
Barclays PLC     4,462,223       23,267  
HSBC Holdings PLC     2,682,204       43,886  
Investec PLC     952,560       7,249  
Lancashire Holdings Ltd     89,900       696  
Lloyds Banking Group PLC     558,529       690  
London Stock Exchange Group PLC     127,609       15,013  
Man Group PLC/Jersey     558,647       1,874  
NatWest Group PLC     1,960,382       14,469  
Ninety One PLC     192,875       580  
OSB Group PLC     205,940       1,427  
Paragon Banking Group PLC     105,932       1,012  
Standard Chartered PLC     1,023,584       21,252  
              139,384  
                 
Health Care — 1.1%                
AstraZeneca PLC     101,454       19,765  

 

 

14 SEI Institutional International Trust
 
 

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
Convatec Group PLC     1,898,928     $ 5,457  
GSK PLC ADR     200,245       11,052  
Hikma Pharmaceuticals PLC     84,267       1,410  
              37,684  
                 
Industrials — 2.0%                
Babcock International Group PLC     65,694       1,016  
Balfour Beatty PLC     551,127       5,559  
CK Hutchison Holdings Ltd     944,649       7,252  
Clarkson PLC     25,615       1,570  
easyJet PLC     139,876       648  
Firstgroup PLC     335,707       736  
Grafton Group PLC     66,236       789  
Howden Joinery Group PLC     821,922       8,673  
IMI PLC     69,042       2,340  
International Consolidated Airlines Group SA     1,363,830       6,453  
JET2 PLC     88,036       1,307  
Kier Group PLC     232,970       596  
Morgan Sindall Group PLC     45,838       2,500  
RELX PLC     419,348       13,707  
Rentokil Initial PLC     712,708       4,407  
Rolls-Royce Holdings PLC     392,370       5,939  
Rotork PLC     240,006       994  
Serco Group PLC     517,528       1,945  
Travis Perkins PLC     346,706       2,605  
Vesuvius PLC     96,921       511  
Weir Group PLC/The     18,811       703  
Zigup PLC     95,626       482  
              70,732  
                 
Information Technology — 0.4%                
Computacenter PLC     71,283       2,847  
dotdigital group plc     25,376       16  
Halma PLC     163,679       8,322  
Sage Group PLC/The     280,819       3,135  
Softcat PLC     40,182       654  
              14,974  
                 
Materials — 0.0%                
Hill & Smith PLC     44,662       1,247  
                 
Real Estate — 0.1%                
Land Securities Group PLC     397,678       2,922  
Safestore Holdings PLC     1,409       12  
              2,934  
                 
Utilities — 0.5%                
Centrica PLC     2,587,974       7,300  
Drax Group PLC     197,622       2,327  
United Utilities Group PLC     429,953       7,469  
              17,096  
Total United Kingdom             436,340  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK (continued)                
United States — 8.2%                
                 
Consumer Discretionary — 0.1%                
InterContinental Hotels Group PLC     24,398     $ 3,218  
                 
Consumer Staples — 0.2%                
Nestle SA     75,805       7,399  
                 
Energy — 0.9%                
Shell PLC     552,732       25,688  
Tenaris SA     153,813       4,482  
              30,170  
                 
Financials — 0.4%                
Aegon Ltd     663,839       4,840  
Bangkok Bank PCL ADR     13,565       359  
Swiss Re AG     54,273       9,072  
              14,271  
                 
Health Care — 5.3%                
AstraZeneca PLC     41,702       8,225  
GSK PLC     1,336,974       36,691  
Inmode Ltd *     45,384       621  
Medtronic PLC     79,873       6,921  
Novartis AG     381,558       58,279  
Roche Holding AG     120,433       47,827  
Sanofi SA     281,022       27,053  
              185,617  
                 
Industrials — 0.7%                
AP Moller - Maersk A/S, Cl A     1,544       3,769  
AP Moller - Maersk A/S, Cl B     3,189       7,941  
Experian PLC     323,953       11,165  
Signify NV     63,064       1,339  
              24,214  
                 
Information Technology — 0.4%                
Accenture PLC, Cl A     64,807       12,851  
Monday.com Ltd *     20       1  
              12,852  
                 
Materials — 0.2%                
Holcim AG     71,688       5,897  
Sims Ltd     1,769       22  
              5,919  
Total United States             283,660  
                 
Zambia — 0.0%                
                 
Materials — 0.0%                
First Quantum Minerals Ltd *     7,000       167  
               
Total Common Stock                
(Cost $2,622,699) ($ Thousands)             3,266,965  

 

 

SEI Institutional International Trust 15 
 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

International Equity Fund (Continued)

  

    Face Amount     Market Value  
Description   (Thousands)     ($ Thousands)  
U.S. TREASURY OBLIGATION — 2.5%          
U.S. Treasury Bill                
3.585%, 08/27/2026 (B)   $ 87,562     $ 86,267  
                 
Total U.S. Treasury Obligation                
(Cost $86,294) ($ Thousands)             86,267  

 

    Shares          
PREFERRED STOCK — 0.7%                
Germany — 0.5%                
Consumer Discretionary — 0.4%                
Bayerische Motoren Werke AG (C)     28,401       2,606  
Dr Ing hc F Porsche AG (C)     61,168       2,778  
Volkswagen AG, 7.200%     74,358       7,582  
              12,966  
                 
Consumer Staples — 0.1%                
Henkel AG & Co KGaA(C)     27,571       2,123  
Industrials — 0.0%                
Jungheinrich AG (C)     34,457       1,056  
KSB SE & Co KGaA(C)     26       28  
              1,084  
Materials — 0.0%                
FUCHS SE, 2.800%     3,992       170  
Total Germany             16,343  
                 
South Korea — 0.2%                
                 
Information Technology — 0.2%                
Samsung Electronics Co Ltd(C)     79,074       6,383  
                 
Total Preferred Stock                
(Cost $22,787) ($ Thousands)             22,726  
                 
CASH EQUIVALENT — 0.7%                
SEI Daily Income Trust, Government Fund, Institutional Class                
3.540%**     26,018,985       26,019  
Total Cash Equivalent                
(Cost $26,019) ($ Thousands)             26,019  
Total Investments in Securities — 98.0%          
(Cost $2,757,799) ($ Thousands)           $ 3,401,977  

 

 

16 SEI Institutional International Trust
 
 

 

A list of the open futures contracts held by the Fund at March 31, 2026, is as follows:

 

Type of Contract   Number of Contracts     Expiration Date   Notional Amount (Thousands)     Value (Thousands)     Unrealized Depreciation(Thousands)  
Long Contracts                                  
Euro STOXX 50   158     Jun-2026   $ 10,314     $ 10,004     $ (343 )
FTSE 100 Index   50     Jun-2026     6,879       6,725       (97 )
Hang Seng Index   5     Apr-2026     801       789       (11 )
SPI 200 Index   22     Jun-2026     3,382       3,207       (60 )
TOPIX Index   34     Jun-2026     7,806       7,488       (252 )
              $ 29,182     $ 28,213     $ (763 )

 

A list of the open OTC Swap agreement held by the Fund at March 31, 2026, 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)  
Bank of America   Custom Basket of International Equity Securities   Federal Funds Effective Rate (Daily) + custom spread   Asset Returns   Annually   12/15/2029   USD       $ (1,768 )   $     $ (1,768 )

 

The following table represents the top 50 individual stock exposures comprising the Custom Basket Total Return Swap as of March 31, 2026:

 

United States Custom Basket of Long Securities

 

Shares     Description   Notional Amount (Thousands)     Value (Thousands)     Percentage of Basket  
  1,010,120     CAIXABANK S.A. SHS   $ 11,495     $ 459       11.3 %
  461,443     BANCO BILBAO VIZCAYA ARGENTARIA SA REGISTERED SHS     9,669       46       9.5  
  52,943     IPSEN ACT     9,352       445       9.2  
  829,698     BANCO SANTANDER SA REGISTERED SHS     9,223       (140 )     9.1  
  419,829     STANDARD CHARTERED PLC REGISTERED SHS     8,955       (27 )     8.8  
  86,921     BNP PARIBAS SA ACT     8,593       (473 )     8.5  
  1,054,323     NATWEST GROUP PLC REGISTERED SHS     8,064       (37 )     7.9  
  104,342     SOCIETE GENERALE SA ACT     7,894       (457 )     7.8  
  24,743     TOKYO ELECTRON LTD.     6,196       (356 )     6.1  
  357,400     ASTELLAS PHARMA INC.     5,342       401       5.3  
  183,248     REPSOL S.A. BEARER SHS     4,911       302       4.8  
  284,300     MITSUBISHI UFJ FINANCIAL GROUP INC.     4,753       (41 )     4.7  
  546,600     ENEOS HOLDINGS INC.     4,693       209       4.6  
  95,091     FRESNILLO PLC REGISTERED SHS     4,608       (483 )     4.5  
  52,930     TOTALENERGIES SE ACT     4,591       396       4.5  
  12,332     SAFRAN SA ACT     4,378       (404 )     4.3  
  24,300     HOYA CORP.     4,241       (165 )     4.2  
  34,596     ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA BE     4,198       (15 )     4.1  
  128,300     SUMITOMO MITSUI FINANCIAL GROUP INC.     4,173       (76 )     4.1  
  22,006     AURUBIS AG INHABER     4,110       (302 )     4.1  
  222,570     HSBC HOLDINGS PLC REGISTERED SHS     3,577       74       3.5  
  86,908     RECRUIT HOLDINGS CO. LTD.     3,569       4       3.5  
  122,511     BIPROGY INC.     3,552       58       3.5  
  150,431     E.ON SE NAMEN     3,454       (162 )     3.4  
  152,964     FUJITSU LTD.     3,416       (347 )     3.4  
  112,177     EISAI CO. LTD.     3,400       89       3.4  
  84,800     ENDESA SA BEARER SHS     3,396       133       3.3  
  1,201,127     CENTRICA PLC REGISTERED SHS     3,316       56       3.3  
  179,600     JAPAN POST BANK CO. LTD.     3,007       (92 )     3.0  
  631,771     AIRTEL AFRICA PLC REGISTERED SHS     2,940       20       2.9  
  87,700     MITSUBISHI CORP.     2,931       31       2.9  
  63,742     BAYER AG NAMEN     2,874       22       2.8  

 

 

SEI Institutional International Trust 17
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

International Equity Fund (Continued)

 

Shares     Description   Notional Amount (Thousands)     Value (Thousands)     Percentage of Basket  
  49,022     BOUYGUES ACT   $ 2,800     $ (6 )     2.8 %
  221,439     VALEO SE ACT     2,663       (24 )     2.6  
  197,100     ITOCHU CORP.     2,557       (84 )     2.5  
  72,950     TECNICAS REUNIDAS SA BEARER SHS     2,537       (45 )     2.5  
  53,019     SHELL PLC REGISTERED SHS     2,362       146       2.3  
  69,512     TREND MICRO INC.     2,345       18       2.3  
  41,305     PLUS500 LTD REGISTERED SHS     2,287       (15 )     2.3  
  14,247     EIFFAGE SA ACT     2,215       (59 )     2.2  
  5,300     FAST RETAILING CO. LTD.     2,177       (115 )     2.1  
  4,800     DISCO CORP.     2,154       (298 )     2.1  
  88,100     MURATA MANUFACTURING CO. LTD.     2,065       (161 )     2.0  
  50,700     TOYOTA TSUSHO CORP.     2,029       (115 )     2.0  
  129,205     BANKINTER SA BEARER SHS     1,967       46       1.9  
  4,838     DASSAULT AVIATION SA ACT     1,943       (162 )     1.9  
  32,242     SCREEN HOLDINGS CO. LTD.     1,939       (112 )     1.9  
  53,200     SUMITOMO CORP.     1,916       40       1.9  
  168,099     JAPAN POST HOLDINGS CO. LTD.     1,912       4       1.9  
  53,200     YOKOGAWA ELECTRIC CORP.     1,893       (292 )     1.9  
  249,766     MAZDA MOTOR CORP.     1,858       (211 )     1.8  
  137,408     SANKYO CO. LTD.     1,805       (93 )     1.8  
  114,600     AISIN CORP.     1,746       (161 )     1.7  
  32,063     FRESENIUS SE & CO. KGAA INHABER     1,715       (76 )     1.7  
  190,380     DAIICHI LIFE GROUP INC     1,713       19       1.7  
  76,900     CANON MARKETING JAPAN INC.     1,677       27       1.7  
  344,095     INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA REGIS     1,659       (69 )     1.6  
  89,400     DAIICHI SANKYO CO. LTD.     1,640       (65 )     1.6  
  167,055     JAPAN POST INSURANCE CO. LTD.     1,617       58       1.6  
  26,100     SUNCOR ENERGY INC REGISTERED SHS     1,616       107       1.6  
  42,800     TOKIO MARINE HOLDINGS INC.     1,585       409       1.6  
  172,694     RICOH CO. LTD.     1,474       (27 )     1.5  
  52,688     BAVARIAN NORDIC AS BEARER AND/OR REGISTERED SHS     1,443       123       1.4  
  6,200     LASERTEC CORP.     1,420       (131 )     1.4  
  172,293     NOKIA CORP SHS SPONSORED AMERICAN DEPOSITARY RECEI     1,420       (69 )     1.4  
  14,495     TEMENOS AG NAMEN     1,397       (151 )     1.4  
  51,415     NEC CORP.     1,363       (117 )     1.3  
  21,300     LINAMAR CORP REGISTERED SHS     1,351       (30 )     1.3  
  12,200     TAISEI CORP.     1,338       (94 )     1.3  
  62,190     TIS INC.     1,315       13       1.3  
  66,708     TECHNOGYM S.P.A. REGISTERED SHS     1,280       55       1.3  
  134,700     IDEMITSU KOSAN CO. LTD.     1,249       71       1.2  
  33,821     TECHNIP ENERGIES N.V. BEARER AND REGISTERED SHS     1,242       186       1.2  
  55,400     SHIONOGI & CO. LTD.     1,188       31       1.2  
  144,525     D'AMICO INTERNATIONAL SHIPPING SA BEARER SHS     1,172       75       1.2  
  20,321     YAMAICHI ELECTRONICS CO. LTD.     1,153       (199 )     1.1  
  83,000     TDK CORP.     1,138       (103 )     1.1  
  58,900     ANRITSU CORP.     1,065       (44 )     1.0  
  7,500     KIOXIA HOLDINGS CORP.     1,004       (47 )     1.0  
  59,292     MIXI INC.     993       (27 )     1.0  
  17,400     GROUPE DYNAMITE INC REGISTERED SHS SUBORDINATE VOT     991       (35 )     1.0  
  28,464     NIPPON SHINYAKU CO. LTD.     970       (45 )     1.0  

 

United States Custom Basket of Short Securities                        

 

Shares     Description   Notional Amount (Thousands)     Value (Thousands)     Percentage of Basket  
  (121,014 )   SALMAR ASA REGISTERED SHS   $ (7,267 )   $ 203       (7.2 )%
  (61,056 )   IMCD N.V. REGISTERED SHS     (5,275 )     (1,033 )     (5.2 )
  (119,114 )   DR. ING. H.C. F. PORSCHE AKTIENGESELLSCHAFT VORZ     (5,203 )     (123 )     (5.1 )
  (133,329 )   BIRKENSTOCK HOLDING LIMITED REGISTERED SHS     (4,976 )     206       (4.9 )
  (395,438 )   CVC CAPITAL PARTNERS PLC REGISTERED SHS     (4,930 )     (158 )     (4.9 )
  (343,604 )   VERISURE PLC REGISTERED SHS     (3,454 )     (76 )     (3.4 )
  (180,235 )   AUTO1 GROUP SE INHABER     (3,420 )     304       (3.4 )

 

 

18 SEI Institutional International Trust

 
 

Shares     Description   Notional Amount (Thousands)     Value (Thousands)     Percentage of Basket  
  (71,309 )   BAKKAFROST P/F REGISTERED SHS   $ (3,320 )   $ (11 )     (3.3 )%
  (41,075 )   EXOR N.V. REGISTERED SHS     (3,316 )     205       (3.3 )
  (339,312 )   AZELIS GROUP N.V. SHS     (3,050 )     (349 )     (3.0 )
  (99,148 )   EQT AB REGISTERED SHS     (2,892 )     (104 )     (2.9 )
  (467,235 )   INTESA SANPAOLO SPA AZ NOM     (2,808 )     25       (2.8 )
  (62,060 )   REMY COINTREAU SA ACT     (2,600 )     (34 )     (2.6 )
  (2,497 )   PARTNERS GROUP HOLDING AG NAMEN     (2,569 )     (95 )     (2.5 )
  (67,100 )   RAKUTEN BANK LTD.     (2,557 )     165       (2.5 )
  (358,044 )   STELLANTIS N.V. BEARER AND REGISTERED SHS     (2,402 )     (102 )     (2.4 )
  (48,248 )   REDCARE PHARMACY N.V. BEARER SHS     (2,320 )     242       (2.3 )
  (23,790 )   HENSOLDT AG INHABER     (2,155 )     79       (2.1 )
  (111,391 )   AB SAGAX REGISTERED SHS     (2,093 )     49       (2.1 )
  (61,916 )   ARCADIS NV BEARER AND/OR REGISTERED SHS     (2,068 )     122       (2.0 )
  (212,151 )   NOBA BANK GROUP AB REGISTERED SHS     (2,006 )     185       (2.0 )
  (34,200 )   LA HOLDINGS CO. LTD.     (1,989 )     73       (2.0 )
  (679,351 )   TREASURY WINE ESTATES LTD REGISTERED SHS     (1,954 )     218       (1.9 )
  (170,062 )   SHAPIR ENGINEERING AND INDUSTRY LTD REGISTERED SHS     (1,836 )     (184 )     (1.8 )
  (361,979 )   ASHTEAD TECHNOLOGY HOLDINGS PLC REGISTERED SHS     (1,805 )     (196 )     (1.8 )
  (71,188 )   PUMA SE INHABER     (1,784 )     0       (1.8 )
  (273,200 )   INTERFOR CORP REGISTERED SHS     (1,762 )     (228 )     (1.7 )
  (71,600 )   JMDC INC.     (1,644 )     178       (1.6 )
  (83,185 )   XVIVO PERFUSION AB REGISTERED SHS     (1,606 )     (405 )     (1.6 )
  (596,563 )   REZOLVE AI PLC REGISTERED SHS     (1,605 )     78       (1.6 )
  (51,586 )   RANDSTAD N.V. BEARER SHS     (1,554 )     164       (1.5 )
  (203,902 )   HBX GROUP INTERNATIONAL PLC REGISTERED SHS     (1,520 )     10       (1.5 )
  (28,811 )   SEB SA ACT     (1,513 )     79       (1.5 )
  (119,901 )   PLUXEE N.V. SHS     (1,456 )     2       (1.4 )
  (25,547 )   BRENNTAG SE NAMEN     (1,445 )     (253 )     (1.4 )
  (67,800 )   MONEY FORWARD INC.     (1,407 )     (75 )     (1.4 )
  (65,061 )   GERRESHEIMER AG INHABER     (1,385 )     (90 )     (1.4 )
  (117,900 )   MONOTARO CO. LTD.     (1,381 )     98       (1.4 )
  (22,700 )   ZENSHO HOLDINGS CO. LTD.     (1,380 )     71       (1.4 )
  (20,303 )   SOITEC SA ACT PORTEUR/NOM     (1,348 )     138       (1.3 )
  (591,175 )   IPH LTD REGISTERED SHS     (1,346 )     (122 )     (1.3 )
  (194,143 )   PAYSAFE LTD REGISTERED SHS     (1,343 )     23       (1.3 )
  (220,793 )   DOCMORRIS AG NAMEN     (1,335 )     4       (1.3 )
  (147,029 )   NEXTDC LTD REGISTERED SHS     (1,333 )     187       (1.3 )
  (9,600 )   NITTO BOSEKI CO. LTD.     (1,312 )     176       (1.3 )
  (240,724 )   A2Z CUST2MATE SOLUTIONS CORP REGISTERED SHS     (1,281 )     (324 )     (1.3 )
  (356,300 )   VIZSLA SILVER CORP REGISTERED SHS     (1,271 )     92       (1.3 )
  (139,271 )   SESA S.P.A. AZ NOM     (1,248 )     146       (1.2 )
  (226,421 )   HELLOFRESH SE INHABER     (1,238 )     225       (1.2 )
  (57,100 )   GNI GROUP LTD.     (1,216 )     160       (1.2 )
  (324,700 )   DENISON MINES CORP REGISTERED SHS     (1,196 )     47       (1.2 )
  (117,500 )   SAPPORO HOLDINGS LTD.     (1,193 )     (80 )     (1.2 )
  (63,219 )   ENERGY FUELS INC REGISTERED SHS     (1,182 )     30       (1.2 )
  (73,325 )   MANCHESTER UNITED PLC REGISTERED SHS     (1,180 )     (52 )     (1.2 )
  (355,346 )   HEXATRONIC GROUP AB REGISTERED SHS     (1,177 )     (41 )     (1.2 )
  (1,238,109 )   GLOBALDATA PLC REGISTERED SHS     (1,173 )     (28 )     (1.2 )
  (258,342 )   IPERIONX LIMITED REGISTERED SHS     (1,128 )     504       (1.1 )
  (399,437 )   DRONESHIELD LTD REGISTERED SHS     (1,118 )     68       (1.1 )
  (5,649 )   SARTORIUS STEDIM BIOTECH ACT     (1,114 )     26       (1.1 )
  (56,296 )   DELIVERY HERO SE NAMEN     (1,108 )     104       (1.1 )
  (792,034 )   IBSTOCK PLC REGISTERED SHS     (1,100 )     30       (1.1 )
  (14,423 )   ARYZTA AG NAMEN     (1,099 )     (19 )     (1.1 )
  (327,772 )   METSA BOARD CORPORATION REGISTERED SHS     (1,093 )     (51 )     (1.1 )
  (60,400 )   SOTETSU HOLDINGS INC.     (1,060 )     (64 )     (1.0 )
  (16,766 )   RENK GROUP AG INHABER     (1,055 )     51       (1.0 )
  (431,350 )   SINCH AB REGISTERED SHS     (1,053 )     (68 )     (1.0 )
  (96,900 )   WEST HOLDINGS CORP.     (1,044 )     (47 )     (1.0 )
  (23,174 )   ENERGIEKONTOR AG INHABER     (1,019 )     (1 )     (1.0 )

 

 

SEI Institutional International Trust 19
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

International Equity Fund (Concluded)

 

Percentages are based on Net Assets of $3,471,188 ($ Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of March 31, 2026.

Real Estate Investment Trust.
(A) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(B) Interest rate represents the security's effective yield at the time of purchase.

(C) No interest rate available.

 

The following is a summary of the level of inputs used as of March 31, 2026, 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     210,275       3,056,690       ^     3,266,965  
U.S. Treasury Obligation           86,267             86,267  
Preferred Stock           22,726             22,726  
Cash Equivalent     26,019                   26,019  
Total Investments in Securities     236,294       3,165,683             3,401,977  
                                 

 

Other Financial Instruments   Level 1 ($)     Level 2 ($)     Level 3 ($)     Total ($)  
Futures Contracts*                                
Unrealized Depreciation     (763 )                 (763 )
OTC Swap                                
Total Return Swap*                                
Unrealized Depreciation           (1,768 )           (1,768 )
Total Other Financial Instruments     (763 )     (1,768 )           (2,531 )

 

^ This category includes securities with a value of $0.
* Futures contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

(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.

 

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

 

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2026 ($ Thousands):

 

Security Description   Value 9/30/2025     Purchases at Cost     Proceeds from Sales     Realized Gain (Loss)     Change in Unrealized Appreciation (Depreciation)     Value 3/31/2026     Income     Capital Gains  
SEI Daily Income Trust, Government Fund, Institutional Class   $ 37,536     $ 405,760     $ (417,277 )   $     $     —     $ 26,019     $ 643     $  

 

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.

 

 

20 SEI Institutional International Trust
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

Emerging Markets Equity Fund

  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK†† — 94.2%                
Australia — 0.3%                
Materials — 0.3%                
Anglogold Ashanti Plc     50,227     $ 4,931  
              4,931  
Total Australia             4,931  
                 
Brazil — 5.5%                
                 
Communication Services — 0.7%                
Telefonica Brasil SA     617,800       4,865  
TIM SA/Brazil     1,068,200       5,613  
              10,478  
                 
Consumer Discretionary — 0.9%                
Cogna Educacao SA     1,262,217       769  
Cyrela Brazil Realty SA Empreendimentos e                
Participacoes     791,800       4,155  
Lojas Renner SA     131,892       375  
Ultrapar Participacoes SA     771,033       4,230  
Vibra Energia SA     649,921       3,923  
              13,452  
                 
Consumer Staples — 0.9%                
Natura Cosmeticos SA *     3,471,200       6,913  
Raia Drogasil SA     1,695,192       7,603  
              14,516  
                 
Energy — 0.9%                
Petroleo Brasileiro SA - Petrobras     67,100       690  
Petroleo Brasileiro SA - Petrobras ADR, Cl A     486,758       9,127  
PRIO SA/Brazil *     301,200       3,824  
              13,641  
                 
Financials — 1.4%                
B3 SA - Brasil Bolsa Balcao     1,070,200       3,771  
Banco Bradesco SA ADR     1,115,235       4,071  
Banco BTG Pactual SA     85,500       926  
Itau Unibanco Holding SA ADR     1,363,153       11,423  
Pagseguro Digital Ltd, Cl A     84,500       847  
              21,038  
                 
Industrials — 0.2%                
Localiza Rent a Car SA     116,700       1,051  
WEG SA     271,600       2,648  
              3,699  
                 
Materials — 0.0%                
Vale SA     30,148       476  
                 
Utilities — 0.5%                
Axia Energia     469,200       5,258  
Cia de Saneamento Basico do Estado de Sao Paulo SABESP     1        
CPFL Energia SA     244,195       2,277  
              7,535  
Total Brazil             84,835  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK†† (continued)                
Chile — 0.7%                
                 
Communication Services — 0.0%                
Empresa Nacional de Telecomunicaciones SA     92,800     $ 365  
                 
Consumer Discretionary — 0.1%                
Falabella SA     251,169       1,525  
                 
Financials — 0.3%                
Banco de Chile     23,649,440       4,258  
Inversiones La Construccion SA     20,300       422  
              4,680  
                 
Industrials — 0.1%                
Latam Airlines Group SA     52,194,400       1,275  
                 
Real Estate — 0.1%                
Plaza SA     241,400       1,019  
                 
Utilities — 0.1%                
Colbun SA     3,067,448       427  
Engie Energia Chile SA     568,340       907  
              1,334  
Total Chile             10,198  
                 
China — 22.7%                
                 
Communication Services — 4.5%                
Baidu Inc ADR *     47,372       5,278  
Baidu Inc, Cl A *     45,900       642  
Giant Network Group Co Ltd, Cl A     141,700       653  
Hello Group Inc ADR     63,146       364  
JOYY Inc ADR     33,365       1,948  
NetEase Inc     634,168       14,172  
Tencent Holdings Ltd     728,800       45,973  
Weibo Corp ADR     26,100       228  
Weibo Corp, Cl A     54,500       473  
Xinhua Winshare Publishing and Media Co Ltd, Cl H     95,000       127  
              69,858  
                 
Consumer Discretionary — 6.4%                
Alibaba Group Holding Ltd     2,138,700       33,527  
BAIC Motor Corp Ltd, Cl H *     1,044,692       206  
Bosideng International Holdings Ltd     1,156,546       595  
BYD Co Ltd, Cl H     146,611       2,005  
China Meidong Auto Holdings Ltd     6,260,000       1,131  
China Tourism Group Duty Free Corp Ltd, Cl H     123,900       1,036  
Geely Automobile Holdings Ltd     3,159,702       8,558  
Haier Smart Home Co Ltd, Cl A     3,481,300       9,327  
JD.com Inc ADR     175,780       5,198  
JD.com Inc, Cl A     117,988       1,739  
Li Ning Co Ltd     132,900       367  
Meituan, Cl B *     521,468       5,691  

 

 

SEI Institutional International Trust 21
 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Equity Fund (Continued)

 

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK†† (continued)                
Midea Group Co Ltd, Cl A     61,700     $ 687  
Midea Group Co Ltd, Cl H *     86,400       930  
New Oriental Education & Technology Group Inc     854,300       4,840  
Nexteer Automotive Group Ltd     2,101,000       1,373  
PDD Holdings Inc ADR *     56,439       5,767  
Pop Mart International Group Ltd     63,879       1,189  
TCL Electronics Holdings Ltd     883,357       1,452  
Trip.com Group Ltd *     65,088       3,217  
Trip.com Group Ltd ADR *     69,705       3,471  
Vipshop Holdings Ltd ADR     428,917       6,743  
Zhejiang China Commodities City Group Co Ltd, Cl A     146,282       277  
              99,326  
                 
Consumer Staples — 1.2%                
China Resources Beer Holdings Co Ltd     934,000       3,091  
Foshan Haitian Flavouring & Food Co Ltd, Cl A     1,171,060       6,981  
Foshan Haitian Flavouring & Food Co Ltd, Cl H     477,300       2,235  
Hengan International Group Co Ltd     393,900       1,394  
JD Health International Inc *     450,300       2,749  
Want Want China Holdings Ltd     3,437,300       2,034  
              18,484  
                 
Energy — 0.2%                
PetroChina Co Ltd, Cl A     167,800       294  
PetroChina Co Ltd, Cl H     1,987,000       2,726  
              3,020  
                 
Financials — 4.1%                
Agricultural Bank of China Ltd, Cl H     4,251,800       3,042  
China CITIC Bank Corp Ltd, Cl A     233,700       281  
China CITIC Bank Corp Ltd, Cl H     5,611,361       5,684  
China CITIC Financial Asset Management Co Ltd, Cl H *     4,454,700       453  
China Construction Bank Corp, Cl A     1,043,900       1,460  
China Construction Bank Corp, Cl H     1,437,079       1,551  
China Life Insurance Co Ltd, Cl A     158,200       840  
China Life Insurance Co Ltd, Cl H     1,865,689       5,953  
China Pacific Insurance Group Co Ltd, Cl A     178,000       964  
China Pacific Insurance Group Co Ltd, Cl H     437,941       1,794  
China Reinsurance Group Corp, Cl H     871,500       165  
Chongqing Rural Commercial Bank Co Ltd, Cl H     814,900       706  
FinVolution Group ADR     137,324       658  
GF Securities Co Ltd, Cl H     332,700       618  
Hithink RoyalFlush Information Network Co Ltd, Cl A     33,400       1,460  
Huatai Securities Co Ltd, Cl A     74,400       194  
Industrial & Commercial Bank of China Ltd, Cl H     10,877,009       9,589  
New China Life Insurance Co Ltd, Cl A     99,100       894  
New China Life Insurance Co Ltd, Cl H     555,564       3,308  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK†† (continued)                
People's Insurance Co Group of China Ltd/The, Cl A     690,100     $ 734  
People's Insurance Co Group of China Ltd/The, Cl H     6,891,467       4,800  
PICC Property & Casualty Co Ltd, Cl H     2,891,838       5,324  
Ping An Insurance Group Co of China Ltd, Cl H     1,538,572       11,832  
Shenwan Hongyuan Group Co Ltd, Cl A     425,500       291  
Up Fintech Holding Ltd ADR *     35,300       222  
              62,817  
                 
Health Care — 0.9%                
Beijing Tiantan Biological Products Corp Ltd, Cl A     124,059       272  
Consun Pharmaceutical Group Ltd     472,911       1,009  
Genertec Universal Medical Group Co Ltd     703,200       522  
Guangzhou Kingmed Diagnostics Group Co Ltd, Cl A     654,789       2,516  
Hansoh Pharmaceutical Group Co Ltd     635,700       2,910  
Innovent Biologics Inc *     457,000       5,028  
Jiangsu Yuyue Medical Equipment & Supply Co Ltd, Cl A     127,100       628  
Sichuan Kelun Pharmaceutical Co Ltd, Cl A     51,794       262  
Sino Biopharmaceutical Ltd     624,405       475  
WuXi AppTec Co Ltd, Cl A     38,700       561  
WuXi AppTec Co Ltd, Cl H     28,600       438  
              14,621  
                 
Industrials — 3.7%                
Airtac International Group     150,590       4,796  
Centre Testing International Group Co Ltd, Cl A     3,427,400       7,004  
Contemporary Amperex Technology Co Ltd, Cl A     253,100       14,975  
COSCO SHIPPING Holdings Co Ltd, Cl A     922,100       2,013  
COSCO SHIPPING Holdings Co Ltd, Cl H     2,218,486       4,225  
Dongfang Electric Corp Ltd, Cl H     469,800       2,070  
Goneo Group Co Ltd, Cl A     38,306       233  
JD Logistics Inc *     1,825,100       3,222  
Lonking Holdings Ltd     2,318,300       888  
Ningbo Orient Wires & Cables Co Ltd, Cl A     247,388       2,185  
Qingdao Port International Co Ltd, Cl H     814,600       708  
Sany Heavy Industry Co Ltd, Cl A     155,600       437  
Shanghai Industrial Holdings Ltd     510,244       919  
Shenzhen Envicool Technology Co Ltd, Cl A     102,500       1,277  
Shenzhen Inovance Technology Co Ltd, Cl A     182,200       1,785  
Shenzhen International Holdings Ltd     20,929       19  
Sieyuan Electric Co Ltd, Cl A     14,200       420  
Sinopec Engineering Group Co Ltd, Cl H     1,029,219       775  
Yangzijiang Shipbuilding Holdings Ltd     1,909,200       5,652  
Yutong Bus Co Ltd, Cl A     156,200       811  
Zoomlion Heavy Industry Science and Technology Co Ltd, Cl A     322,819       406  

 

 

22 SEI Institutional International Trust
 
 

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK†† (continued)                
Zoomlion Heavy Industry Science and Technology Co Ltd, Cl H     1,823,800     $ 2,025  
              56,845  
                 
Information Technology — 0.4%                
Anker Innovations Technology Co Ltd, Cl A     30,200       480  
China Railway Signal & Communication Corp Ltd, Cl H     879,189       391  
Piotech Inc, Cl A     4,000       219  
Shengyi Technology Co Ltd, Cl A     178,100       1,430  
Shennan Circuits Co Ltd, Cl A     12,300       402  
Shenzhen Sunlord Electronics Co Ltd, Cl A     401,000       1,998  
Zhongji Innolight Co Ltd, Cl A     21,600       1,851  
              6,771  
                 
Materials — 0.9%                
Anhui Conch Cement Co Ltd, Cl H     217,184       591  
China Hongqiao Group Ltd     255,901       1,156  
CMOC Group Ltd, Cl A     329,200       840  
CMOC Group Ltd, Cl H     360,648       759  
Fufeng Group Ltd     1,727,247       1,542  
Shanghai Putailai New Energy Technology Group Co Ltd, Cl A     669,490       3,147  
Shanjin International Gold Co Ltd, Cl A     152,500       668  
Yunnan Yuntianhua Co Ltd, Cl A     83,600       406  
Zangge Mining Co Ltd, Cl A     115,100       1,343  
Zijin Mining Group Co Ltd, Cl A     579,100       2,812  
Zijin Mining Group Co Ltd, Cl H     39,900       180  
              13,444  
                 
Real Estate — 0.3%                
China Resources Land Ltd     1,211,000       4,489  
Seazen Group Ltd *     526,254       138  
              4,627  
                 
Utilities — 0.1%                
Beijing Enterprises Holdings Ltd     307,657       1,176  
Total China             350,989  
                 
Czech Republic — 0.1%                
                 
Industrials — 0.1%                
CSG NV *     29,583       796  
                 
Egypt — 0.5%                
                 
Communication Services — 0.0%                
Telecom Egypt Co     610,400       879  
                 
Financials — 0.5%                
Commercial International Bank - Egypt (CIB)     3,118,989       6,921  
EFG Holding S.A.E. *     318,191       147  
              7,068  
Total Egypt             7,947  

          Market Value  
Description   Shares     ($ Thousands)  
COMMON STOCK†† (continued)                
Greece — 0.6%                
                 
Communication Services — 0.1%                
Hellenic Telecommunications Organization SA     84,990     $ 1,598  
                 
Consumer Discretionary — 0.2%                
Allwyn AG     149,582       2,256  
JUMBO SA     41,558       1,053  
              3,309  
                 
Financials — 0.3%                
Eurobank SA     1,285,356       5,130  
Total Greece             10,037  
                 
Hong Kong — 1.2%                
                 
Consumer Staples — 0.4%                
Chaoda Modern Agriculture Holdings Ltd *     102,809       3  
WH Group Ltd     3,889,107       5,113  
              5,116  
                 
Financials — 0.7%                
AIA Group Ltd     665,400       7,394  
Hong Kong Exchanges & Clearing Ltd     65,300       3,295  
              10,689  
                 
Industrials — 0.0%                
Orient Overseas International Ltd     21,600       385  
                 
Information Technology — 0.0%                
China High Precision Automation Group Ltd *     1,385,624       41  
                 
Materials — 0.1%                
Nine Dragons Paper Holdings Ltd *     2,179,000       1,847  
Total Hong Kong             18,078  
                 
Hungary — 1.2%                
                 
Communication Services — 0.0%                
Magyar Telekom Telecommunications PLC     81,934       507  
                 
Energy — 0.4%                
MOL Hungarian Oil & Gas PLC     498,026       5,920  
                 
Financials — 0.7%                
OTP Bank Nyrt     99,931       10,632  
                 
Health Care — 0.1%                
Richter Gedeon Nyrt     26,400       933  
Total Hungary             17,992  
                 
India — 9.6%                
                 
Communication Services — 0.3%                
Bharti Airtel Ltd     60,650       1,153  
Indus Towers Ltd *     266,876       1,188  

 

 

SEI Institutional International Trust 23
 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Equity Fund (Continued)

 

Description   Shares     Market Value
($ Thousands)
 
COMMON STOCK†† (continued)                
Info Edge India Ltd     220,662     $ 2,280  
              4,621  
Consumer Discretionary — 1.3%                
Eicher Motors Ltd     55,365       3,877  
Hero MotoCorp Ltd     105,917       5,725  
JK Tyre & Industries Ltd     34,700       141  
Mahindra & Mahindra Ltd GDR     149,414       4,946  
Maruti Suzuki India Ltd     18,681       2,450  
MRF Ltd     800       1,091  
Tube Investments of India Ltd     85,089       2,276  
              20,506  
Consumer Staples — 0.7%                
Britannia Industries Ltd     68,436       3,913  
Marico Ltd     726,994       5,674  
Nestle India Ltd     116,100       1,443  
              11,030  
Energy — 1.5%                
Bharat Petroleum Corp Ltd     1,684,950       5,052  
Great Eastern Shipping Co Ltd/The     121,539       1,828  
Indian Oil Corp Ltd     972,100       1,388  
Oil & Natural Gas Corp Ltd     3,149,568       9,489  
Petronet LNG Ltd     150,234       394  
Reliance Industries Ltd     313,732       4,512  
              22,663  
Financials — 2.9%                
Bank of Baroda     1,188,919       3,134  
Canara Bank     3,384,557       4,459  
General Insurance Corp of India     248,795       955  
HDFC Bank Ltd     454,640       3,561  
HDFC Bank Ltd ADR     395,273       9,834  
ICICI Bank Ltd     106,217       1,364  
ICICI Bank Ltd ADR     299,086       7,746  
Karur Vysya Bank Ltd/The     439,940       1,355  
L&T Finance Ltd     455,550       1,165  
LIC Housing Finance Ltd     363,047       1,911  
Multi Commodity Exchange of India Ltd     32,500       831  
Muthoot Finance Ltd     144,605       4,856  
Sammaan Capital Ltd *     114,000       181  
Shriram Finance Ltd     247,500       2,303  
Union Bank of India Ltd     358,900       629  
              44,284  
Health Care — 0.9%                
Aurobindo Pharma Ltd     162,693       2,262  
Dr Reddy's Laboratories Ltd     71,700       961  
Dr Reddy's Laboratories Ltd ADR     525,686       7,281  
Sun Pharmaceutical Industries Ltd     174,600       3,266  
Zydus Lifesciences Ltd     63,400       590  
              14,360  
Industrials — 0.2%                
Ashok Leyland Ltd     1,099,686       1,805  
Description   Shares     Market Value
($ Thousands)
 
COMMON STOCK†† (continued)                
MTAR Technologies Ltd *     43,909     $ 1,616  
              3,421  
Information Technology — 0.8%                
Infosys Ltd ADR     308,556       4,169  
Infosys Ltd     488,599       6,590  
Netweb Technologies India Ltd     35,767       1,181  
              11,940  
Materials — 0.8%                
Castrol India Ltd     235,632       435  
Chambal Fertilisers and Chemicals Ltd     43,900       199  
Coromandel International Ltd     11,250       229  
EID Parry India Ltd *     33,501       276  
GHCL Ltd     39,343       177  
Hindalco Industries Ltd     160,506       1,518  
National Aluminium Co Ltd     1,011,700       4,176  
NMDC Ltd     1,661,609       1,352  
Vedanta Ltd     560,497       3,933  
              12,295  
Real Estate — 0.1%                
Phoenix Mills Ltd/The     112,368       1,801  
                 
Utilities — 0.1%                
Mahanagar Gas Ltd     56,100       552  
PTC India Ltd     69,600       117  
              669  
Total India             147,590  
                 
Indonesia — 2.0%                
                 
Communication Services — 0.1%                
Telkom Indonesia Persero Tbk PT     12,421,400       2,246  
                 
Consumer Staples — 0.3%                
Indofood Sukses Makmur Tbk PT     2,003,984       748  
Japfa Comfeed Indonesia Tbk PT     4,277,600       598  
Unilever Indonesia Tbk PT     29,260,300       3,169  
              4,515  
Energy — 0.2%                
Adaro Andalan Indonesia PT     835,600       559  
Alamtri Resources Indonesia Tbk PT     14,200       2  
Bukit Asam Persero Tbk PT     1,269,900       238  
United Tractors Tbk PT     910,100       1,664  
              2,463  
Financials — 1.0%                
Bank Central Asia Tbk PT     18,759,400       7,246  
Bank Mandiri Persero Tbk PT     8,084,700       2,269  
Bank Rakyat Indonesia Persero Tbk PT     28,533,728       5,702  
              15,217  
Industrials — 0.2%                
Astra International Tbk PT     7,130,145       2,632  

 

 

24 SEI Institutional International Trust

 

 

Description   Shares    

Market Value

 ($ Thousands)

 
COMMON STOCK†† (continued)                
Materials — 0.1%                
Merdeka Battery Materials Tbk PT *     25,106,700     $ 1,094  
Merdeka Copper Gold Tbk PT *     4,877,100       928  
              2,022  
Utilities — 0.1%                
Perusahaan Gas Negara Persero Tbk PT     12,293,300       1,345  
Total Indonesia             30,440  
                 
Kazakhstan — 0.1%                
                 
Energy — 0.1%                
NAC Kazatomprom JSC GDR     23,154       1,803  
               
Kuwait — 0.3%                
                 
Communication Services — 0.3%                
Mobile Telecommunications Co KSCP     2,435,431       4,484  
                 
Consumer Discretionary — 0.0%                
Humansoft Holding Co KSC     113,300       882  
Total Kuwait             5,366  
                 
Malaysia — 0.5%                
                 
Communication Services — 0.1%                
Telekom Malaysia Bhd     483,900       850  
                 
Consumer Staples — 0.0%                
United Plantations BHD     1,850       16  
                 
Energy — 0.0%                
Petronas Dagangan Bhd     93,800       507  
                 
Financials — 0.1%                
Public Bank Bhd     1,614,300       1,874  
                 
Industrials — 0.1%                
Zetrix Ai Bhd     3,402,089       629  
                 
Materials — 0.2%                
Malayan Cement Bhd     261,200       390  
Petronas Chemicals Group Bhd     1,992,700       2,996  
              3,386  
Real Estate — 0.0%                
Sunway Real Estate Investment Trust     91,200       52  
Total Malaysia             7,314  
                 
Mexico — 2.3%                
Consumer Staples — 1.0%                
Fomento Economico Mexicano SAB de CV ADR     42,409       4,710  
Fomento Economico Mexicano SAB de CV     955,700       10,522  
              15,232  
Financials — 1.2%                
Banco del Bajio SA     961,533       2,952  

Description   Shares    

Market Value

 ($ Thousands)

 
COMMON STOCK†† (continued)                
Gentera SAB de CV     424,700     $ 1,197  
Grupo Financiero Banorte SAB de CV, Cl O     1,365,628       15,022  
              19,171  
Materials — 0.1%                
Cemex SAB de CV ADR     160,303       1,834  
Total Mexico             36,237  
                 
Netherlands — 0.2%                
                 
Energy — 0.2%                
SBM Offshore NV     78,992       3,140  
                 
Peru — 0.2%                
                 
Materials — 0.2%                
Cia de Minas Buenaventura SAA ADR     81,597       2,941  
                 
Philippines — 0.4%                
                 
Communication Services — 0.0%                
Converge Information and Communications Technology Solutions Inc     1,674,100       341  
                 
Consumer Staples — 0.2%                
Century Pacific Food Inc     3,581,200       2,063  
Puregold Price Club Inc     144,900       98  
              2,161  
Financials — 0.0%                
Metropolitan Bank & Trust Co     505,379       528  
                 
Industrials — 0.2%                
Alliance Global Group Inc     1,796,405       266  
International Container Terminal Services Inc     254,098       2,881  
LT Group Inc     675,800       163  
              3,310  
Total Philippines             6,340  
                 
Poland — 1.7%                
                 
Energy — 0.2%                
ORLEN SA     109,300       3,944  
                 
Financials — 1.0%                
Alior Bank SA     109,759       3,274  
Bank Polska Kasa Opieki SA     197,433       11,649  
KRUK SA     5,500       667  
              15,590  
Health Care — 0.1%                
Diagnostyka SA     29,879       1,375  
                 
Materials — 0.2%                
KGHM Polska Miedz SA *     38,257       2,783  
                 
Utilities — 0.2%                
Enea SA     233,420       1,554  

 

 

SEI Institutional International Trust 25

 

 

 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Equity Fund (Continued)

  

Description   Shares    

Market Value

 ($ Thousands)

 
COMMON STOCK†† (continued)                
PGE Polska Grupa Energetyczna SA *     275,300     $ 783  
Tauron Polska Energia SA *     40,500       112  
              2,449  
Total Poland             26,141  
                 
Portugal — 0.3%                
                 
Consumer Staples — 0.3%                
Jeronimo Martins SGPS SA     213,772       5,096  
                 
Qatar — 0.3%                
                 
Communication Services — 0.3%                
Ooredoo QPSC     1,166,678       3,980  
                 
Real Estate — 0.0%                
Barwa Real Estate Co     1,232,200       785  
Total Qatar             4,765  
                 
Russia — 0.0%                
                 
Communication Services — 0.0%                
Mobile TeleSystems PJSC *     1,398,028        
                 
Energy — 0.0%                
Gazprom PJSC *     279,264        
Gazprom PJSC ADR     35,029        
LUKOIL PJSC *     109,206        
Rosneft Oil Co PJSC *(A)     230,389        
Surgutneftegas PJSC ADR *     501,658        
               
Financials — 0.0%                
Sberbank of Russia PJSC *(A)     417,388        
Sberbank of Russia PJSC ADR     58,444        
               
Materials — 0.0%                
Alrosa PJSC *(A)     605,728        
Total Russia              
                 
Saudi Arabia — 1.4%                
                 
Communication Services — 0.3%                
Etihad Etisalat Co     243,866       4,247  
                 
Energy — 0.5%                
Arabian Drilling Co     44,702       968  
Saudi Arabian Oil Co     840,531       6,085  
              7,053  
Financials — 0.5%                
Banque Saudi Fransi     104,400       557  
Riyad Bank     472,600       3,743  
Saudi National Bank/The     290,618       3,281  
              7,581  
Materials — 0.1%                
Yanbu National Petrochemical Co     170,002       1,596  
Description   Shares    

Market Value

 ($ Thousands)

 
COMMON STOCK†† (continued)                
Real Estate — 0.0%                
Arabian Centres Co     132,769     $ 604  
Total Saudi Arabia             21,081  
                 
Singapore — 0.0%                
                 
Financials — 0.0%                
Yangzijiang Financial Holding Ltd     292,509       57  
                 
South Africa — 4.0%                
                 
Communication Services — 0.2%                
Telkom SA SOC Ltd     331,000       1,137  
Vodacom Group Ltd     217,600       1,835  
              2,972  
Consumer Discretionary — 1.1%                
Naspers Ltd, Cl N     328,929       16,819  
                 
Consumer Staples — 0.4%                
AVI Ltd     656,592       3,983  
Tiger Brands Ltd     137,566       2,437  
              6,420  
Energy — 0.1%                
Exxaro Resources Ltd     145,800       1,931  
                 
Financials — 1.2%                
Absa Group Ltd     591,677       8,425  
Capitec Bank Holdings Ltd     15,399       3,740  
Discovery Ltd     197,354       2,863  
JSE Ltd     78,900       741  
Momentum Group Ltd     25,945       55  
Nedbank Group Ltd     50,533       788  
Ninety One Ltd     68,000       202  
Old Mutual Ltd     466,000       376  
Sanlam Ltd     123,638       643  
              17,833  
Health Care — 0.2%                
Aspen Pharmacare Holdings Ltd     335,555       2,576  
Netcare Ltd     7,900       8  
              2,584  
Information Technology — 0.0%                
DataTec Ltd     56,535       232  
                 
Materials — 0.6%                
Anglo American PLC     83,010       3,538  
DRDGOLD Ltd     132,900       391  
Gold Fields Ltd     16,500       750  
Harmony Gold Mining Co Ltd     125,700       1,898  
Impala Platinum Holdings Ltd     61,436       864  
Kumba Iron Ore Ltd     59,111       1,103  
Omnia Holdings Ltd     197,858       1,113  
              9,657  

 

 

26 SEI Institutional International Trust

 

 

Description   Shares    

Market Value

 ($ Thousands)

 
COMMON STOCK†† (continued)                
Real Estate — 0.2%                
Growthpoint Properties Ltd     801,500     $ 757  
Redefine Properties Ltd     1,277,639       446  
Resilient REIT Ltd     354,079       1,667  
              2,870  
Total South Africa             61,318  
                 
South Korea — 14.2%                
                 
Communication Services — 0.4%                
Cheil Worldwide Inc     42,251       531  
KT Corp ADR *     115,128       2,470  
LG Uplus Corp     257,540       2,678  
NAVER Corp     1,000       136  
              5,815  
Consumer Discretionary — 1.8%                
DoubleUGames Co Ltd     3,900       129  
Hankook Tire & Technology Co Ltd     89,530       3,296  
Hyundai Department Store Co Ltd     8,288       444  
Hyundai Mobis Co Ltd     13,426       3,464  
Hyundai Motor Co     7,495       2,309  
Hyundai Wia Corp     4,200       222  
Kia Corp     131,360       12,969  
LG Electronics Inc     48,455       3,513  
Youngone Corp     11,095       591  
Youngone Holdings Co Ltd     1,500       224  
              27,161  
Consumer Staples — 0.4%                
Amorepacific Holdings Corp     9,700       181  
APR Corp/Korea     15,620       3,564  
E-MART Inc     6,100       396  
KT&G Corp     15,301       1,645  
Orion Corp/Republic of Korea     7,000       606  
Shinsegae Inc     2,000       411  
              6,803  
Financials — 2.2%                
BNK Financial Group Inc     44,600       541  
Hana Financial Group Inc     189,766       13,834  
KB Financial Group Inc     29,411       2,887  
Korea Investment Holdings Co Ltd     10,587       1,477  
Samsung Fire & Marine Insurance Co Ltd     7,810       2,339  
Shinhan Financial Group Co Ltd     113,500       6,765  
Woori Financial Group Inc     276,083       6,052  
              33,895  
Health Care — 0.1%                
Celltrion Inc     9,028       1,207  
                 
Industrials — 1.9%                
GS Holdings Corp     53,526       2,313  
HD Korea Shipbuilding & Offshore Engineering Co Ltd     1,668       387  
Hyosung Corp     4,800       421  
Description   Shares    

Market Value

 ($ Thousands)

 
COMMON STOCK†† (continued)                
Hyundai Rotem Co Ltd     32,472     $ 3,739  
LX INTERNATIONAL CORP     27,000       786  
Samsung E&A Co Ltd     42,500       1,044  
Sanil Electric Co Ltd     14,787       1,365  
SK Inc     26,453       5,438  
SK Square Co Ltd *     42,557       14,012  
              29,505  
Information Technology — 7.3%                
Duk San Neolux Co Ltd *     54,820       1,897  
NEXTIN Inc     27,856       1,198  
Samsung Electro-Mechanics Co Ltd     7,521       2,155  
Samsung Electronics Co Ltd     599,834       70,157  
SFA Engineering Corp     68,136       1,192  
SK hynix Inc     64,097       36,366  
              112,965  
Materials — 0.1%                
LG Chem Ltd     10,234       2,092  
Total South Korea             219,443  
                 
Taiwan — 19.5%                
                 
Communication Services — 0.2%                
Chunghwa Telecom Co Ltd     712,041       2,968  
International Games System Co Ltd     19,700       471  
              3,439  
Consumer Discretionary — 0.3%                
Far Eastern Department Stores Ltd     750,600       538  
Fusheng Precision Co Ltd     39,835       325  
Merry Electronics Co Ltd     216,900       578  
Pou Chen Corp     377,100       338  
Poya International Co Ltd     161,000       2,501  
              4,280  
Consumer Staples — 0.6%                
Uni-President Enterprises Corp     4,110,990       9,183  
                 
Financials — 0.6%                
Cathay Financial Holding Co Ltd     1,374,880       3,074  
CTBC Financial Holding Co Ltd     3,970,000       6,452  
              9,526  
Industrials — 0.8%                
Bizlink Holding Inc     28,300       1,625  
CyberPower Systems Inc     36,572       197  
Eva Airways Corp     2,356,934       2,539  
Kaori Heat Treatment Co Ltd     63,000       1,764  
Sincere Navigation Corp     1,674,814       2,217  
Sunonwealth Electric Machine Industry Co Ltd     134,905       535  
United Integrated Services Co Ltd     39,100       1,039  
Voltronic Power Technology Corp     85,280       1,977  
              11,893  

 

 

SEI Institutional International Trust 27

 

 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Equity Fund (Continued)

 

Description   Shares    

Market Value

 ($ Thousands)

 
COMMON STOCK†† (continued)                
Information Technology — 17.0%                
Accton Technology Corp     11,799     $ 582  
Advantech Co Ltd     734,908       7,536  
AP Memory Technology Corp     47,000       684  
Ardentec Corp     151,399       759  
ASE Technology Holding Co Ltd     123,200       1,356  
ASPEED Technology Inc     7,000       2,413  
Asustek Computer Inc     354,000       6,217  
AURAS Technology Co Ltd     64,000       1,842  
Chroma ATE Inc     83,900       4,026  
Compeq Manufacturing Co Ltd     72,900       586  
Delta Electronics Inc     339,281       15,298  
Genius Electronic Optical Co Ltd     51,631       722  
Grand Process Technology Corp     35,000       3,150  
Hon Hai Precision Industry Co Ltd     562,479       3,438  
King Slide Works Co Ltd     11,000       1,140  
King Yuan Electronics Co Ltd     62,000       530  
Largan Precision Co Ltd     18,238       1,251  
MediaTek Inc     188,311       9,032  
Nan Ya Printed Circuit Board Corp     90,000       1,552  
Simplo Technology Co Ltd     52,400       552  
Sinbon Electronics Co Ltd     252,000       2,019  
Synnex Technology International Corp     327,200       788  
Taiwan Semiconductor Manufacturing Co Ltd     2,648,141       153,154  
Taiwan Semiconductor Manufacturing Co Ltd ADR     69,482       23,481  
Tripod Technology Corp     235,463       2,572  
United Microelectronics Corp     1,294,169       2,320  
Universal Microwave Technology Inc     43,000       1,996  
Win Semiconductors Corp     190,000       2,202  
Wiwynn Corp     57,400       6,177  
Yageo Corp     609,293       4,815  
              262,190  
Materials — 0.0%                
Tung Ho Steel Enterprise Corp     149,400       319  
                 
Real Estate — 0.0%                
Highwealth Construction Corp     874,400       962  
Total Taiwan             301,792  
                 
Thailand — 1.1%                
                 
Communication Services — 0.1%                
Advanced Info Service PCL NVDR     75,600       863  
                 
Energy — 0.5%                
PTT Exploration & Production PCL NVDR     1,370,160       6,602  
Star Petroleum Refining PCL NVDR     8,126,000       1,730  
              8,332  
Financials — 0.4%                
Kasikornbank PCL NVDR     1,109,100       6,471  
Description   Shares    

Market Value

 ($ Thousands)

 
COMMON STOCK†† (continued)                
Industrials — 0.1%                
Airports of Thailand PCL NVDR     671,600     $ 1,071  
Total Thailand             16,737  
                 
Turkey — 0.5%                
                 
Communication Services — 0.0%                
Turkcell Iletisim Hizmetleri AS     126,706       303  
                 
Consumer Discretionary — 0.0%                
Mavi Giyim Sanayi Ve Ticaret AS, Cl B     188,600       179  
                 
Financials — 0.2%                
Haci Omer Sabanci Holding AS     1,089,079       2,201  
Turkiye Is Bankasi AS, Cl C     162,240       48  
Yapi ve Kredi Bankasi AS *     2,030,610       1,520  
              3,769  
Industrials — 0.2%                
Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS     541,435       2,384  
Turk Hava Yollari AO     64,700       429  
              2,813  
Real Estate — 0.1%                
Emlak Konut Gayrimenkul Yatirim Ortakligi AS     2,515,911       1,086  
Total Turkey             8,150  
                 
United Arab Emirates — 1.7%                
                 
Financials — 0.5%                
Dubai Islamic Bank PJSC     595,523       1,208  
Emirates NBD Bank PJSC     529,754       3,991  
First Abu Dhabi Bank PJSC     628,256       2,981  
              8,180  
Industrials — 0.2%                
Air Arabia PJSC     1,359,022       1,517  
Dubai Investments PJSC     1,026,200       1,073  
              2,590  
Real Estate — 1.0%                
Aldar Properties PJSC     256,200       554  
Emaar Development PJSC     1,225,566       4,639  
Emaar Properties PJSC     3,228,867       10,566  
              15,759  
Total United Arab Emirates             26,529  
                 
United Kingdom — 0.4%                
                 
Consumer Staples — 0.4%                
Unilever PLC     119,709       6,548  
               
United States — 0.4%                
                 
Information Technology — 0.2%                
EPAM Systems Inc *     25,938       3,512  

 

 

28 SEI Institutional International Trust

 

 

 

Description   Shares    

Market Value

 ($ Thousands)

 
COMMON STOCK†† (continued)                
Materials — 0.2%                
Titan SA     43,499     $ 2,273  
Total United States             5,785  
                 
Vietnam — 0.3%                
                 
Real Estate — 0.3%                
Vinhomes JSC *     1,033,300       4,045  
                 
Total Common Stock                
(Cost $1,052,120) ($ Thousands)             1,454,461  
                 
PREFERRED STOCK — 3.3%                
Brazil — 1.1%                
                 
Consumer Discretionary — 0.0%                
Cyrela Brazil Realty SA Empreendimentos e Participacoes*(B)     53,658       261  
                 
Energy — 0.5%                
Petroleo Brasileiro SA - Petrobras(B)     840,137       7,816  
                 
Financials — 0.5%                
Banco Bradesco SA (B)     1,206,200       4,430  
Itausa SA(B)     1,302,413       3,472  
              7,902  
Materials — 0.1%                
Bradespar SA(B)     303,363       1,344  
                 
Preferred Stock — 0.0%                
Metalurgica Gerdau SA, Cl A(B)     109,200       178  
Total Brazil             17,501  
                 
Colombia — 0.2%                
                 
Financials — 0.2%                
Grupo Cibest SA(B)     137,900       2,544  
                 
South Korea — 2.0%                
                 
Consumer Discretionary — 0.4%                
Hyundai Motor Co (B)     36,476       5,740  
LG Electronics Inc(B)     31,728       1,015  
              6,755  
Information Technology — 1.5%                
Samsung Electronics Co Ltd(B)     288,605       23,297  
                 
Materials — 0.1%                
LG Chem Ltd(B)     10,949       1,074  
Total South Korea             31,126  
                 
Total Preferred Stock                
(Cost $35,365) ($ Thousands)             51,171  
Description  

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
DEBENTURE BOND — 0.0%                
Brazil — 0.0%                
Vale SA, Ser 1997                
1.955%, 03/31/2175 (C)(D)   BRL 8     $ 1  
                 
Total Debenture Bond                
(Cost $—) ($ Thousands)             1  

 

      Shares          
CASH EQUIVALENT — 1.2%                
SEI Daily Income Trust, Government Fund, Institutional Class 3.540%**     18,558,370       18,558  
Total Cash Equivalent                
(Cost $18,558) ($ Thousands)             18,558  
Total Investments in Securities — 98.7%          
(Cost $1,106,043) ($ Thousands)           $ 1,524,191  

 

 

SEI Institutional International Trust 29

 

 

 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Equity Fund (Concluded)

 

A list of the open futures contracts held by the Fund at March 31, 2026, is as follows:

 

Type of Contract  

Number of

Contracts

   

Expiration

Date

   

Notional Amount

(Thousands)

   

Value

(Thousands)

   

Unrealized

Depreciation(Thousands)

 
Long Contracts                                      
MSCI Emerging Markets Index     274     Jun-2026     $ 20,523     $ 19,928     $ (595 )

 

Percentages are based on Net Assets of $1,543,748 ($ Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of March 31, 2026.

Investment in Affiliated Security (see Note 5).

†† Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

Real Estate Investment Trust.

(A) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(B) No interest rate available.

(C) 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.

(D) Perpetual security with no stated maturity date.

 

The following is a summary of the level of inputs used as of March 31, 2026, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

 

    Level 1     Level 2     Level 3     Total  
Investments in Securities   ($)     ($)     ($)(1)     ($)  
Common Stock     264,907       1,189,554       ^     1,454,461  
Preferred Stock     17,240       33,931             51,171  
Debenture Bond           1             1  
Cash Equivalent     18,558                   18,558  
Total Investments in Securities     300,705       1,223,486             1,524,191  

 

Other Financial Instruments   Level 1
($)
    Level 2
($)
    Level 3
($)
    Total
($)
 
Futures Contracts*                        
Unrealized Depreciation     (595 )                 (595 )
Total Other Financial Instruments     (595 )                 (595 )

 

(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.
^ This category includes securities with a value of $0.
* Futures 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 Fund’s transactions with affiliates for the period ended March 31, 2026 ($ Thousands):

 

Security Description   Value 9/30/2025     Purchases at Cost     Proceeds from Sales     Realized Gain (Loss)     Change in Unrealized Appreciation (Depreciation)     Value 3/31/2026     Income     Capital Gains  
SEI Daily Income Trust, Government Fund, Institutional Class   $ 21,557     $ 188,315     $ (191,314 )   $     $     $ 18,558     $ 258     $  

 

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.

 

 

30 SEI Institutional International Trust

 

 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026 

 

International Fixed Income Fund

 

Description  

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS — 80.5%                
Australia — 3.1%                
Amcor UK Finance                
3.950%, 05/29/2032   EUR 650     $ 738  
Australia Government Bond                
4.750%, 06/21/2054   AUD 4,100       2,557  
4.500%, 04/21/2033     887       596  
4.250%, 03/21/2036     450       291  
3.500%, 12/21/2034     824       507  
3.000%, 03/21/2047     532       257  
2.750%, 05/21/2041     1,645       842  
2.500%, 05/21/2030     2,244       1,413  
2.250%, 05/21/2028     2,233       1,455  
New South Wales Treasury                
4.750%, 02/20/2035     878       570  
3.500%, 11/20/2037     469       259  
2.000%, 03/08/2033     1,010       561  
Queensland Treasury                
2.000%, 08/22/2033     451       246  
South Australian Government Financing Authority                
4.750%, 05/24/2038     1,002       623  
Treasury Corp of Victoria MTN                
2.000%, 11/20/2037     2,435       1,127  
              12,042  
Austria — 1.2%                
Mondi Finance MTN                
3.750%, 05/18/2033   EUR 400       446  
Republic of Austria Government Bond                
4.150%, 03/15/2037(A)     692       853  
3.200%, 07/15/2039     404       449  
3.150%, 06/20/2044(A)     955       1,024  
0.900%, 02/20/2032(A)     1,026       1,049  
0.250%, 10/20/2036(A)     539       450  
0.000%, 10/20/2040(A)(B)     455       313  
              4,584  
Belgium — 0.9%                
Anheuser-Busch InBev MTN                
3.950%, 03/22/2044     320       343  
3.875%, 05/19/2038     340       381  
FLUVIUS System Operator MTN                
3.875%, 05/02/2034     400       458  
Fluxys                
4.000%, 11/28/2030     400       463  
Kingdom of Belgium Government Bond                
4.250%, 03/28/2041(A)     30       36  
3.750%, 06/22/2045     401       439  
3.000%, 06/22/2034(A)     594       666  
2.850%, 10/22/2034(A)     34       38  
2.700%, 10/22/2029(A)     271       310  
1.600%, 06/22/2047(A)     41       30  
Description  

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
Syensqo                
4.000%, 05/28/2035   EUR 200     $ 223  
              3,387  
Canada — 4.2%                
Canada Housing Trust No. 1                
2.100%, 09/15/2029(A)   CAD 1,225       850  
Canadian Government Bond                
3.000%, 06/01/2034     607       424  
2.750%, 06/01/2033     172       119  
2.500%, 12/01/2032     1,351       925  
2.250%, 06/01/2029     3,651       2,561  
2.000%, 12/01/2051     1,565       780  
1.500%, 06/01/2026     573       410  
Canadian Imperial Bank of Commerce                
6.500%, H15T5Y + 2.727%, 07/28/2086 (C)   $ 240       235  
CI Financial                
4.625%, 12/12/2031(A)   EUR 170       196  
Gildan Activewear                
4.700%, 10/07/2030(A)   $ 290       287  
Province of British Columbia Canada                
4.000%, 06/18/2035   CAD 8,600       6,200  
Province of Ontario Canada                
4.700%, 06/02/2037     570       429  
4.650%, 06/02/2041     540       396  
2.900%, 12/02/2046     1,419       780  
2.800%, 06/02/2048     1,540       819  
Province of Quebec Canada                
6.250%, 06/01/2032     720       593  
3.500%, 12/01/2048     635       374  
              16,378  
Chile — 0.6%                
Chile Government International Bond                
3.875%, 04/14/2036   EUR 1,592       1,772  
3.800%, 07/01/2035     172       192  
Nacional del Cobre de Chile                
5.950%, 01/08/2034(A)   $ 295       302  
              2,266  
China — 4.4%                
Agricultural Bank of China MTN                
2.800%, 07/31/2027   CNY 26,500       3,883  
China Development Bank                
4.300%, 08/02/2032     4,000       660  
China Development Bank MTN                
2.600%, 04/23/2029     7,510       1,116  
China Government Bond                
3.810%, 09/14/2050     12,430       2,269  
2.850%, 06/04/2027     13,880       2,051  
2.390%, 03/15/2029     40,000       5,955  
2.110%, 08/25/2034     4,780       712  

 

 

SEI Institutional International Trust 31

 

 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026 

 

International Fixed Income Fund (Continued)

 

Description    

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
1.740%, 10/15/2029   CNY 1,740     $ 255  
              16,901  
Colombia — 2.0%                
Colombian TES                
13.250%, 02/09/2033   COP 11,063,500       2,989  
12.500%, 02/27/2030     13,272,600       3,463  
11.750%, 01/24/2035     2,041,000       516  
7.750% 09/18/2030     1,455,000       320  
7.000%, 03/26/2031     1,904,800       401  
              7,689  
France — 5.5%                
Banque Federative du Credit Mutuel                
3.875%, EUSA5 + 2.200%, 06/16/2032 (C)   EUR 300       346  
Banque Federative du Credit Mutuel MTN                
3.750%, 02/03/2034     300       342  
BNP Paribas MTN                
4.750%, EUR003M + 1.600%, 11/13/2032 (C)     300       359  
BPCE                
2.125%, EUSA5 + 1.800%, 10/13/2046 (C)     1,400       1,408  
BPCE MTN                
4.000%, EUR003M + 1.470%, 01/20/2034 (C)     400       456  
Credit Agricole MTN                
6.500%, EUAMDB05 + 4.207% (C)(D)     400       475  
4.375%, 11/27/2033     200       236  
Credit Agricole Assurances                
4.750%, 09/27/2048(C)     100       117  
Electricite de France MTN                
7.500%, EUSA5 + 4.860% (C)(D)     600       738  
4.625%, 01/25/2043     900       1,014  
Engie MTN                
4.500%, 09/06/2042     300       343  
French Republic Government Bond                
3.500%, 11/25/2033(A)     12,000       13,824  
Indigo Group SAS                
4.500%, 04/18/2030     300       355  
TotalEnergies MTN                
2.125%(C)(D)     270       270  
TotalEnergies Capital International MTN                
3.499%, 03/03/2037     500       546  
Ubisoft Entertainment                
0.878%, 11/24/2027     500       464  
              21,293  
Germany — 7.5%                
Bayer                
7.000%, EUSA5 + 3.896%,                
09/25/2083 (C)     400       489  
Description    

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
Bundesrepublik Deutschland                
Bundesanleihe                
4.000%, 01/04/2037   EUR 857     $ 1,071  
2.900%, 08/15/2056     399       411  
2.600%, 08/15/2034     1,028       1,155  
2.500%, 02/15/2035     944       1,049  
2.200%, 02/15/2034     2,187       2,396  
0.250%, 02/15/2029     1,500       1,617  
0.000%, 08/15/2030(B)     2,933       3,010  
Commerzbank                
6.500%(C)(D)     400       474  
Commerzbank MTN                
7.875%, EUAMDB05 + 5.129% (C)(D)     200       250  
Deutsche Bank                
7.375%, EUAMDB05 + 5.112% (C)(D)     400       477  
5.000%, EUR003M + 2.950%,                
09/05/2030 (C)     300       358  
Deutsche Bank MTN                
3.000%, EUR003M + 1.050%,                
06/16/2029 (C)     200       227  
1.750%, 11/19/2030(C)     900       963  
German Federal Government Bond                
2.600%, 05/15/2041     11,200       11,804  
Kreditanstalt fuer Wiederaufbau                
2.600%, 06/20/2037   JPY 207,000       1,327  
Sartorius Finance BV                
4.875%, 09/14/2035   EUR 200       238  
4.500%, 09/14/2032     100       118  
Volkswagen International Finance (D)                
5.994%, EUAMDB08 + 3.494% (C)     300       345  
3.875%(C)     200       222  
Wintershall Dea Finance 2 BV                
3.000%(C)(D)     800       879  
Wintershall Dea Finance BV                
1.823%, 09/25/2031     400       406  
              29,286  
Iceland — 0.6%                
Iceland Rikisbref                
6.500%, 02/15/2038   ISK 320,453       2,489  
Indonesia — 2.1%                
Indonesia Government International Bond                
4.100%, 03/04/2034   EUR 955       1,057  
Indonesia Treasury Bond                
8.750%, 05/15/2031   IDR 8,446,000       547  
8.375%, 03/15/2034     35,672,000       2,286  
7.500%, 06/15/2035     2,112,000       129  
7.375%, 05/15/2048     11,736,000       720  
7.000%, 09/15/2030     10,792,000       641  
6.750%, 07/15/2035     7,157,000       417  
6.625%, 02/15/2034     3,828,000       221  
6.500%, 02/15/2031     11,676,000       682  
6.375%, 08/15/2028     19,486,000       1,149  

 

 

32 SEI Institutional International Trust

 

 

Description    

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
5.875%, 03/15/2031   IDR 1,669,000     $ 95  
5.500%, 04/15/2026     1,716,000       100  
              8,044  
Italy — 2.6%                
ASTM MTN                
2.375%, 11/25/2033   EUR 620       627  
Autostrade per l'Italia MTN                
4.625%, 02/28/2036     136       160  
2.250%, 01/25/2032     720       758  
Intesa Sanpaolo                
9.125%, EUAMDB05 + 6.262% (C)(D)     200       257  
Intesa Sanpaolo MTN                
4.875%, 05/19/2030     275       333  
Italy Buoni Poliennali Del Tesoro                
5.750%, 02/01/2033     4,700       6,146  
4.300%, 10/01/2054(A)     770       852  
3.650%, 08/01/2035(A)     620       704  
Prysmian                
5.250%, EUAMDB05 + 3.012% (C)(D)     100       117  
              9,954  
Japan — 12.4%                
Japan Government Forty Year Bond                
2.200%, 03/20/2064   JPY 282,600       1,222  
1.400%, 03/20/2055     426,550       1,605  
Japan Government Ten Year Bond                
1.400%, 03/20/2035     800,000       4,682  
0.900%, 09/20/2034     96,700       547  
0.100%, 09/20/2027     428,150       2,647  
Japan Government Thirty Year Bond                
2.400%, 03/20/2055     167,300       813  
2.300%, 03/20/2040     2,500,000       14,767  
2.300%, 12/20/2054     146,350       695  
2.100%, 09/20/2054     26,800       122  
1.800%, 09/20/2053     261,000       1,112  
1.800%, 03/20/2054     40,000       169  
0.700%, 12/20/2051     241,000       773  
Japan Government Thirty Year Bond, Ser 29                
2.400%, 09/20/2038     44,850       274  
Japan Government Thirty Year Bond, Ser 30                
2.300%, 03/20/2039     140,000       839  
Japan Government Thirty Year Bond, Ser 36                
2.000%, 03/20/2042     338,250       1,857  
Japan Government Twenty Year Bond                
1.800%, 09/20/2031     382,050       2,395  
1.700%, 06/20/2033     503,500       3,095  
1.400%, 09/20/2034     260,950       1,541  
0.500%, 09/20/2036     270,950       1,402  
0.200%, 06/20/2036     71,450       360  
Japan Government Twenty Year Bond, Ser 144                
1.500%, 03/20/2033     24,900       151  
Description    

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
Japan Government Two Year Bond                
0.800%, 03/01/2027   JPY 1,100,000     $ 6,897  
NTT Finance                
4.091%, 07/16/2037(A)   EUR 164       187  
              48,152  
Luxembourg — 0.3%                
Eurofins Scientific                
4.750%, 09/06/2030     660       787  
JAB Holdings BV                
4.750%, 06/29/2032     300       358  
SES MTN                
4.875%, 06/24/2033     140       158  
              1,303  
Malaysia — 1.3%                
Malaysia Government Bond                
4.232%, 06/30/2031   MYR 4,761       1,219  
3.885%, 08/15/2029     2,710       681  
3.828%, 07/05/2034     2,393       597  
3.733%, 06/15/2028     1,988       496  
3.519%, 04/20/2028     4,422       1,098  
3.502% 05/31/2027     3,692       916  
2.632%, 04/15/2031     953       227  
              5,234  
Mexico — 3.6%                
Eagle Funding Luxco Sarl                
5.500%, 08/17/2030(A)   $ 1,800       1,809  
Mexican Bonos                
8.000%, 11/07/2047   MXN 4,945       229  
8.000%, 07/31/2053     71       3  
7.750%, 11/23/2034     18,435       935  
7.750%, 11/13/2042     33,463       1,539  
Mexican Bonos, Ser M30                
10.000% 11/20/2036     35,396       2,050  
8.500%, 11/18/2038     5,718       291  
Mexico Government International Bond                
4.875%, 05/16/2036   EUR 400       449  
4.500%, 03/19/2034     1,060       1,188  
4.000%, 03/15/2115     2,530       1,898  
3.875%, 05/16/2031     1,400       1,573  
Petroleos Mexicanos                
6.700%, 02/16/2032   $ 1,385       1,355  
5.950%, 01/28/2031     758       725  
              14,044  
Netherlands — 2.3%                
Cooperatieve Rabobank UA                
4.375%(C)(D)   EUR 200       231  
Cooperatieve Rabobank UA MTN                
1.250%, 05/31/2032     300       310  
CTP                
4.250%, 03/10/2035     160       178  

 

 

SEI Institutional International Trust 33

 

 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

International Fixed Income Fund  (Continued)

 

Description  

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
ING Groep MTN                
3.500%, EUR003M + 1.200%, 08/17/2036 (C)   EUR 900     $ 984  
Kingdom of Netherlands                
3.750%, 01/15/2042(A)     664       797  
Koninklijke KPN MTN                
3.375%, 02/17/2035     400       438  
Netherlands Government Bond (A)                
4.000%, 01/15/2037     236       292  
2.500%, 01/15/2030     1,349       1,540  
2.500%, 01/15/2033     2,775       3,112  
2.500%, 07/15/2035     646       709  
0.000%, 07/15/2030(B)     234       240  
              8,831  
New Zealand — 2.1%                
New Zealand Government Bond                
4.500%, 04/15/2027   NZD 2,833       1,640  
4.500%, 05/15/2030     3,832       2,222  
3.000%, 04/20/2029     805       448  
2.750%, 04/15/2037     8       4  
1.750%, 05/15/2041     10       4  
0.250%, 05/15/2028     2,658       1,414  
New Zealand Government Inflation Linked Bond                
2.500%, 09/20/2035     1,889       1,473  
2.500%, 09/20/2040     716       524  
New Zealand Local Government Funding Agency Bond                
4.500%, 04/15/2027     803       464  
              8,193  
Norway — 1.4%                
Norway Government Bond (A)                
2.125%, 05/18/2032   NOK 4,172       378  
2.000%, 04/26/2028     2,624       257  
1.750%, 02/17/2027     10,363       1,040  
1.750%, 09/06/2029     7,731       727  
1.375%, 08/19/2030     14,767       1,336  
1.250%, 09/17/2031     13,740       1,200  
Var Energi                
7.862%, EUAMDB05 + 4.765%, 11/15/2083 (C)   EUR 410       510  
              5,448  
Poland — 2.4%                
Republic of Poland Government Bond                
6.000%, 10/25/2033   PLN 1,267       347  
5.000%, 10/25/2034     3,978       1,015  
2.000%, 08/25/2036     14,170       3,701  
Republic of Poland Government International Bond MTN                
3.625%, 06/15/2036   EUR 1,230       1,377  
Description  

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
2.875%, 01/15/2031   EUR 2,470     $ 2,789  
              9,229  
Romania — 1.0%                
Romanian Government International Bond                
5.750%, 07/04/2036(A)   $ 630       584  
4.625%, 03/04/2033(A)   EUR 910       979  
2.625%, 12/02/2040     2,340       1,689  
Romanian Government International Bond MTN                
3.375%, 01/28/2050     1,030       721  
              3,973  
South Korea — 0.7%                
Korea Treasury Bond                
3.500%, 06/10/2034   KRW 169,850       108  
3.375%, 06/10/2032     597,740       380  
3.125%, 09/10/2027     1,341,070       874  
2.000%, 06/10/2031     1,865,420       1,113  
1.875%, 06/10/2029     412,770       255  
              2,730  
Spain — 3.2%                
Banco Santander                
0.250%, 07/10/2029   EUR 400       422  
Banco Santander MTN                
5.750%, EUSA5 + 2.850%,                
08/23/2033 (C)     300       358  
CaixaBank                
1.250%, 01/11/2027     300       342  
CaixaBank MTN                
5.125%, EUR003M + 1.950%, 07/19/2034 (C)     200       247  
5.000%, EUR003M + 1.650%, 07/19/2029 (C)     200       239  
Cepsa Finance MTN                
4.125%, 04/11/2031     300       346  
Spanish Government Bond                
3.000%, 01/31/2033     9,000       10,251  
Werfen MTN                
3.625%, 02/12/2032     100       113  
              12,318  
Supranational — 1.2%                
European Union                
3.250%, 12/12/2036     3,000       3,378  
European Union Bill                
0.000%, 12/04/2026(E)(F)     1,200       1,360  
              4,738  
Supra-National — 2.8%                
Asian Development Bank MTN                
2.350%, 06/21/2027   JPY 330,000       2,106  
European Investment Bank                
5.625%, 06/07/2032   GBP 768       1,066  

 

 

34 SEI Institutional International Trust

 

 

Description    

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
European Union                
3.000%, 03/04/2053   EUR 1,805     $ 1,714  
European Union MTN                
3.375%, 12/12/2035     2,947       3,387  
European Union Bill                
0.000%, 09/04/2026(E)(F)     722       824  
International Bank for Reconstruction & Development MTN                
4.200%, 04/21/2033   AUD 2,689       1,717  
              10,814  
Switzerland — 0.9%                
Government of Switzerland                
3.500%, 04/08/2033   CHF 1,664       2,536  
Swisscom Finance BV MTN                
3.500%, 11/29/2031   EUR 460       529  
UBS Group                
7.000%, USISSO05 + 3.296% (A)(C)(D)   $ 300       292  
UBS Group MTN                
4.625%, EUAMDB01 + 1.150%, 03/17/2028 (C)   EUR 265       309  
              3,666  
United Kingdom — 6.6%                
Barclays                
9.250%, BPISDS05 + 5.639% (C)(D)   GBP 350       486  
4.347%, EUAMDB01 + 1.550%, 05/08/2035 (C)   EUR 100       116  
3.941%, EUAMDB01 + 1.550%, 01/31/2036 (C)     220       246  
Bunzl Finance MTN                
3.375%, 04/09/2032     430       476  
Cadent Finance MTN                
3.750%, 04/16/2033     390       441  
0.750%, 03/11/2032     355       343  
Centrica                
6.500%, GUKG5 + 2.512%, 05/21/2055 (C)   GBP 350       463  
Centrica MTN                
4.375%, 03/13/2029     179       232  
DS Smith MTN                
4.500%, 07/27/2030   EUR 440       518  
HSBC Holdings                
6.364%, EUSA5 + 3.300%,                
11/16/2032 (C)     249       297  
HSBC Holdings MTN                
3.911%, EUR003M + 1.540%, 05/13/2034 (C)     260       296  
Informa MTN                
3.375%, 06/09/2031     200       224  
3.250%, 10/23/2030     290       324  
Motability Operations Group MTN                
3.875%, 01/24/2034     320       362  
Description    

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
National Grid MTN                
4.275%, 01/16/2035   EUR 370     $ 430  
United Kingdom Gilt                
4.750%, 10/22/2035     9,000       11,714  
4.500%, 09/07/2034   GBP 258       334  
4.500%, 03/07/2035     330       424  
4.375%, 01/31/2040     336       406  
4.375%, 07/31/2054     300       329  
4.250%, 06/07/2032     1,232       1,601  
4.250%, 07/31/2034     686       871  
4.250%, 12/07/2046     440       492  
4.250%, 12/07/2049     836       920  
3.750%, 01/29/2038     443       514  
3.500%, 01/22/2045     292       296  
1.250%, 07/31/2051     3,156       1,742  
0.500%, 01/31/2029     351       416  
Vodafone Group MTN                
4.625%, EUAMDB05 + 2.143%, 09/12/2055 (C)   EUR 380       421  
              25,734  
United States — 3.6%                
Amazon.com                
4.050%, 03/16/2039     321       363  
3.700%, 03/16/2035     390       444  
American National Group                
6.000%, 07/15/2035   $ 210       205  
Aptiv Swiss Holdings                
4.250%, 06/11/2036   EUR 291       325  
Avery Dennison                
4.000%, 09/11/2035     107       121  
Baker Hughes Holdings                
4.737%, 03/11/2046     144       164  
4.193%, 03/11/2038     133       151  
3.812%, 03/11/2034     122       139  
Becton Dickinson                
3.828%, 06/07/2032     291       334  
BMS Ireland Capital Funding DAC                
4.581%, 11/10/2055     224       251  
3.363%, 11/10/2033     204       228  
Charter Communications Operating                
5.850%, 12/01/2035   $ 155       152  
Citadel Finance                
5.900%, 02/10/2030(A)     1,000       1,005  
Citigroup                
4.113%, EUR003M + 1.582%,                
04/29/2036 (C)   EUR 380       435  
3.493%, EUR003M + 1.030%,                
10/22/2034 (C)     640       708  
Fiserv Funding ULC                
4.000%, 06/15/2036     193       210  
Ford Motor Credit                
7.122%, 11/07/2033   $ 280       294  

 

 

SEI Institutional International Trust 35

 

 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

International Fixed Income Fund (Continued)

 

Description    

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
Foundry JV Holdco                
6.200%, 01/25/2037(A)   $ 250     $ 258  
GA Global Funding Trust MTN                
4.133%, 09/16/2035   EUR 320       346  
Global Payments                
4.875%, 03/17/2031     359       421  
GLP Capital                
5.750%, 11/01/2037   $ 271       262  
Goldman Sachs Group MTN                
3.984%, EUR003M + 1.100%, 12/18/2036 (C)   EUR 580       650  
Huntington Bancshares                
5.605%, H15T5Y + 1.350%, 01/28/2041 (C)   $ 210       205  
Intel                
5.600%, 02/21/2054     406       372  
Medtronic                
4.150%, 10/15/2043   EUR 428       471  
Medtronic Global Holdings SCA                
1.125%, 03/07/2027     400       454  
Meta Platforms                
4.600%, 11/15/2032   $ 460       455  
Morgan Stanley                
4.813%, EUR003M + 1.762%, 10/25/2028 (C)   EUR 435       512  
4.099%, EUR003M + 1.553%, 05/22/2036 (C)     260       297  
3.790%, EUR003M + 1.037%, 03/21/2030 (C)     136       158  
0.406%, 10/29/2027(C)     370       420  
Morgan Stanley MTN                
3.981%, EUR003M + 1.143%, 01/23/2037 (C)     115       129  
National Grid North America MTN                
4.668%, 09/12/2033     252       303  
NextEra Energy Capital Holdings                
4.750%, EUAMDB05 + 1.993%, 02/26/2056 (C)     213       236  
4.496%, EUAMDB05 + 1.900%, 05/15/2056 (C)     301       334  
Oncor Electric Delivery                
3.625%, 06/15/2034     350       393  
Oracle                
6.850%, 02/04/2066   $ 220       202  
5.950%, 09/26/2055     159       134  
5.700%, 02/04/2036     290       279  
5.200%, 09/26/2035     150       141  
Realty Income                
5.125%, 07/06/2034   EUR 114       139  
3.875%, 06/20/2035     152       167  
Vertiv Holdings                
5.950%, 03/15/2066   $ 140       134  
5.800%, 03/15/2056     240       231  
Description    

Face Amount

 (Thousands)

   

Market Value

 ($ Thousands)

 
GLOBAL BONDS (continued)                
WP Carey                
3.700%, 11/19/2034   EUR  218     $ 237  
              13,869  
                 
Total Global Bonds                
(Cost $333,117) ($ Thousands)             312,589  
                 
U.S. TREASURY OBLIGATIONS — 5.7%
U.S. Treasury Note                
4.500%, 02/15/2044     9,300       8,909  
3.750%, 04/30/2027   $ 6,750       6,747  
2.250%, 11/15/2027     6,610       6,446  
               
Total U.S. Treasury Obligations                
(Cost $22,053) ($ Thousands)             22,102  
                 
MORTGAGE-BACKED SECURITIES — 1.3%
Agency Mortgage-Backed Obligations — 0.3%
GNMA TBA                
3.500%, 04/15/2041     1,000       917  
              917  
Non-Agency Mortgage-Backed Obligations — 1.0%
FNMA or FHLMC TBA                
5.500%, 04/30/2035     4,000       4,018  
              4,018  
Total Mortgage-Backed Securities                
(Cost $4,955) ($ Thousands)             4,935  
                 
CERTIFICATE OF DEPOSIT — 3.8%
National Australia Bank                
6.118%, 09/07/2026   $ 22,000       14,787  
Total Certificate of Deposit                
(Cost $15,138) ($ Thousands)             14,787  
PURCHASED SWAPTIONS — 0.0%
Total Purchased Swaptions                
(Cost $71) ($ Thousands)             98  
                 
Total Investments in Securities — 91.3%
(Cost $375,334) ($ Thousands)           $ 354,511  

 

 

36 SEI Institutional International Trust

 

 

 

A list of open over the counter swaptions contracts for the Fund at March 31, 2026, is as follows:

 

Description   Counterparty  

Number of Contracts/

Notional Amount

    Exercise Price     Expiration Date  

Value

(Thousands)

 
PURCHASED SWAPTIONS — 0.0%
Put Swaptions                                
Swaption   Morgan Stanley   $ 7,500,000     $ 3.49     06/03/2026   $ 84  
                                 
Call Swaptions                                
Swaption   Morgan Stanley     7,500,000       3.19     06/03/2026     14  
Total Purchased Swaptions       $ 15,000,000                 $ 98  

 

A list of the open futures contracts held by the Fund at March 31, 2026, is as follows: 

 

Type of Contract  

Number of

Contracts

 

Expiration

Date

   

Notional Amount

(Thousands)

   

Value

(Thousands)

   

Unrealized Appreciation

(Depreciation)(Thousands)

 
Long Contracts                                  
Canadian 10-Year Bonds   67   Jun-2026     $ 5,966     $ 5,761     $ (99 )
Euro-BOBL   34   Jun-2026       4,575       4,522       (49 )
Euro-BOBL   40   Jun-2026       5,333       5,320       16  
Euro-BUND 10-Year Bonds   1   Jun-2026       144       144        
Euro-SCHATZ   97   Jun-2026       12,113       11,819       (130 )
Korea 10-Year Bonds   75   Jun-2026       5,586       5,319       (82 )
Long GILT 10-Year Bonds   26   Jun-2026       3,219       3,010       (146 )
U.S. Ultra Long Treasury Bonds   2   Jun-2026       233       233        
                37,169       36,128       (490 )
Short Contracts                                  
Australian 10-Year Bonds   (3)   Jun-2026     $ (230 )   $ (221 )   $ 1  
Canadian 10-Year Bonds   (30)   Jun-2026       (2,594 )     (2,581 )     (31 )
Euro-BTP   (19)   Jun-2026       (2,694 )     (2,546 )     112  
Euro-BUND 10-Year Bonds   (25)   Jun-2026       (3,617 )     (3,611 )     (14 )
Euro-BUXL   (30)   Jun-2026       (3,930 )     (3,812 )     74  
Euro-OAT   (57)   Jun-2026       (8,023 )     (7,795 )     192  
Japanese 10-Year Bonds   (19)   Jun-2026       (15,677 )     (15,562 )     121  
U.S. 2-Year Treasury Notes   (50)   Jun-2026       (10,421 )     (10,372 )     49  
U.S. 5-Year Treasury Notes   (31)   Jun-2026       (3,351 )     (3,354 )     (3 )
U.S. 10-Year Treasury Notes   (21)   Jun-2026       (2,366 )     (2,332 )     34  
U.S. Long Treasury Bonds   (7)   Jun-2026       (823 )     (797 )     26  
U.S. Ultra Long Treasury Bonds   (34)   Jun-2026       (3,929 )     (3,963 )     (34 )
Ultra 10-Year U.S. Treasury Notes   (46)   Jun-2026       (5,341 )     (5,222 )     119  
                (62,996 )     (62,168 )     646  
              $ (25,827 )   $ (26,040 )   $ 156  

 

A list of the open forward foreign currency contracts held by the Fund at March 31, 2026, is as follows:

 

Counterparty     Settlement Date    

Currency to Deliver

(Thousands)

      Currency to Receive (Thousands)     Unrealized Appreciation (Depreciation) (Thousands)  
Bank of America     04/22/26     AUD 320       USD   215     $ (4 )
Bank of America     04/22/26     USD 366       COP   1,343,225       (1 )
Bank of America     04/22/26     GBP 661       EUR   760       6  
Bank of America     04/22/26     USD 670       KZT   352,353       63  
Bank of America     04/22/26     USD 695       JPY   110,617       2  
Bank of America     04/22/26     USD 50       JPY   7,787       (1 )
Bank of America     04/22/26     USD 1,020       EUR   855       (34 )
Bank of America     04/22/26     USD 2,675       CNH   18,548       15  

 

 

SEI Institutional International Trust 37

 

 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026 

 

International Fixed Income Fund (Continued)

 

 

Counterparty   Settlement Date      

Currency to Deliver

 (Thousands)

     

Currency to Receive

 (Thousands)

   

Unrealized

Appreciation

(Depreciation)

 (Thousands)

 
Bank of America   04/22/26   EUR     50   USD     58     $ 1  
Bank of America   04/22/26   EUR     3,670   USD     4,215       (18 )
Bank of America   04/22/26   MXN     4,009   USD     225       3  
Bank of America   04/22/26   CNH     9,716   USD     1,410       1  
Bank of America   04/22/26   KRW     957,095   USD     670       43  
Bank of America   05/05/26   USD     639   BRL     3,446       17  
Bank of Nova Scotia   04/22/26   USD     311   PEN     1,042       (12 )
Barclays PLC   04/22/26   USD     165   ZAR     2,700       (8 )
Barclays PLC   04/22/26   USD     315   MXN     5,611       (4 )
Barclays PLC   04/22/26   USD     350   KRW     511,151       (15 )
Barclays PLC   04/22/26   USD     445   CAD     616       (3 )
Barclays PLC   04/22/26   USD     676   TRY     31,193       5  
Barclays PLC   04/22/26   GBP     964   EUR     1,108       7  
Barclays PLC   04/22/26   EUR     609   HUF     240,557       14  
Barclays PLC   04/22/26   EUR     610   HUF     235,379       (2 )
Barclays PLC   04/22/26   USD     2,092   GBP     1,549       (49 )
Barclays PLC   04/22/26   EUR     2,199   NOK     25,870       119  
Barclays PLC   04/22/26   THB     5,568   USD     168       (1 )
Barclays PLC   04/22/26   AUD     6,109   USD     4,092       (90 )
Barclays PLC   04/22/26   ZAR     22,163   USD     1,340       47  
Barclays PLC   04/22/26   PHP     42,665   USD     700       (2 )
Barclays PLC   04/22/26   TRY     61,936   USD     1,350       (3 )
Barclays PLC   04/22/26   CLP     303,125   USD     343       18  
Barclays PLC   05/05/26   USD     350   BRL     1,850       2  
BNP Paribas   04/22/26   USD     34   INR     3,203        
BNP Paribas   04/22/26   EUR     611   HUF     241,217       14  
BNP Paribas   04/22/26   USD     1,366   CLP     1,213,749       (65 )
BNP Paribas   04/22/26   GBP     1,490   EUR     1,713       11  
BNP Paribas   04/22/26   GBP     2,092   USD     2,804       46  
BNP Paribas   04/22/26   PHP     26,240   USD     435       3  
BNP Paribas   04/22/26   HUF     721,840   EUR     1,827       (45 )
BNP Paribas   04/22/26   COP     799,433   USD     217       (1 )
BNP Paribas   04/22/26   JPY     909,969   USD     5,801       68  
Brown Brothers Harriman   04/22/26   CHF     2,111   USD     2,660       25  
Brown Brothers Harriman   04/22/26   EUR     2,400   USD     2,793       25  
Brown Brothers Harriman   04/22/26   SEK     4,158   USD     453       15  
Brown Brothers Harriman   04/22/26   JPY     39,414   USD     251       3  
Citigroup   04/22/26   USD     40   CHF     31       (2 )
Citigroup   04/22/26   USD     700   INR     65,944       (4 )
Citigroup   04/22/26   USD     710   KRW     1,015,300       (45 )
Citigroup   04/22/26   USD     1,454   EUR     1,251       (11 )
Citigroup   04/22/26   USD     1,579   ZAR     25,520       (90 )
Citigroup   04/22/26   USD     1,789   GBP     1,350       (9 )
Citigroup   04/22/26   USD     1,798   COP     6,825,876       59  
Citigroup   04/22/26   GBP     2,616   USD     3,506       58  
Citigroup   04/22/26   PEN     6,519   USD     1,935       68  
Citigroup   04/22/26   CNH     8,820   USD     1,280       1  
Citigroup   04/22/26   ZAR     16,601   USD     1,033       64  
Citigroup   04/22/26   THB     35,005   USD     1,066       3  
Citigroup   04/22/26   PHP     42,378   USD     700       3  

 

 

38 SEI Institutional International Trust
 
 

 

 

Counterparty   Settlement Date      

Currency to Deliver

 (Thousands)

     

Currency to Receive

 (Thousands)

   

Unrealized

Appreciation

(Depreciation)

 (Thousands)

 
Citigroup   04/22/26   INR     75,253   USD     817     $ 22  
Citigroup   04/22/26   COP     33,373,085   USD     8,870       (208 )
Davenport & Company LLC   04/22/26   EUR     1,190   SEK     12,635       (44 )
Davenport & Company LLC   04/22/26   NOK     16,092   EUR     1,430       (3 )
Deutsche Bank   04/22/26   USD     700   INR     66,469       2  
Deutsche Bank   04/22/26   EUR     1,690   USD     2,029       80  
Deutsche Bank   04/22/26   USD     3,121   COP     11,696,999       61  
Deutsche Bank   04/22/26   COP     6,867,997   USD     1,827       (41 )
Goldman Sachs   04/22/26   EUR     560   USD     673       27  
Goldman Sachs   04/22/26   USD     664   TRY     30,620       5  
Goldman Sachs   04/22/26   USD     961   PEN     3,222       (38 )
Goldman Sachs   04/22/26   USD     1,410   EUR     1,197       (29 )
Goldman Sachs   04/22/26   USD     3,422   ZAR     56,241       (142 )
Goldman Sachs   04/22/26   CNH     9,705   USD     1,410       2  
Goldman Sachs   04/22/26   ZAR     13,860   USD     869       60  
Goldman Sachs   04/22/26   THB     16,995   USD     517        
Goldman Sachs   04/22/26   CLP     883,728   USD     997       50  
Goldman Sachs   04/22/26   COP     1,399,940   USD     376       (5 )
HSBC   04/17/26   CNY     149,858   USD     21,638       (80 )
HSBC   04/22/26   USD     328   ZAR     5,366       (15 )
HSBC   04/22/26   USD     669   PEN     2,243       (27 )
HSBC   04/22/26   CNY     689   USD     100        
HSBC   04/22/26   USD     700   THB     22,790       (8 )
HSBC   04/22/26   EUR     4,236   USD     4,942       56  
HSBC   04/22/26   CAD     8,084   USD     5,840       41  
HSBC   04/22/26   ZAR     11,071   USD     695       49  
HSBC   04/22/26   PHP     16,006   USD     265       2  
HSBC   04/22/26   THB     17,341   USD     527        
HSBC   04/22/26   THB     17,540   USD     532       (1 )
HSBC   04/22/26   COP     2,929,167   USD     788       (9 )
JPMorgan Chase Bank   04/13/26   USD     773   CNY     5,367       4  
JPMorgan Chase Bank   04/13/26   USD     2,272   CAD     3,073       (69 )
JPMorgan Chase Bank   04/13/26   USD     3,396   JPY     529,531       (64 )
JPMorgan Chase Bank   04/13/26   USD     3,437   SEK     31,549       (123 )
JPMorgan Chase Bank   04/13/26   CAD     8,477   USD     6,195       118  
JPMorgan Chase Bank   04/13/26   SEK     31,549   USD     3,437       123  
JPMorgan Chase Bank   04/13/26   JPY     2,303,421   USD     14,813       317  
JPMorgan Chase Bank   04/20/26   USD     2,425   COP     8,966,416       16  
JPMorgan Chase Bank   04/20/26   COP     6,644,219   USD     1,750       (59 )
JPMorgan Chase Bank   04/22/26   USD     1,410   EUR     1,208       (17 )
JPMorgan Chase Bank   04/27/26   USD     90   MXN     1,584       (2 )
JPMorgan Chase Bank   04/27/26   MXN     97,304   USD     5,542       159  
JPMorgan Chase Bank   05/04/26   USD     278   IDR     4,696,993       (1 )
JPMorgan Chase Bank   05/04/26   USD     6,477   SEK     58,959       (276 )
JPMorgan Chase Bank   05/04/26   SEK     58,959   USD     6,443       241  
JPMorgan Chase Bank   05/04/26   IDR     47,157,745   USD     2,783       6  
JPMorgan Chase Bank   05/06/26   PEN     5,990   USD     1,762       47  
JPMorgan Chase Bank   05/11/26   USD     46   PLN     164       (2 )
JPMorgan Chase Bank   05/11/26   USD     69   AUD     98       (2 )
JPMorgan Chase Bank   05/11/26   CNY     425   USD     62        

 

 

SEI Institutional International Trust 39
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

International Fixed Income Fund (Continued)

 

 

Counterparty   Settlement Date      

Currency to Deliver

 (Thousands)

     

Currency to Receive

 (Thousands)

   

Unrealized

Appreciation

(Depreciation)

 (Thousands)

 
JPMorgan Chase Bank   05/11/26   NOK     1,390   USD     144     $ 1  
JPMorgan Chase Bank   05/11/26   USD     2,305   NOK     22,093       (36 )
JPMorgan Chase Bank   05/11/26   USD     4,034   CNY     27,859       10  
JPMorgan Chase Bank   05/11/26   AUD     8,113   USD     5,708       156  
JPMorgan Chase Bank   05/11/26   PLN     17,956   USD     5,100       283  
JPMorgan Chase Bank   05/18/26   USD     34   ILS     105       (1 )
JPMorgan Chase Bank   05/18/26   USD     53   THB     1,643       (3 )
JPMorgan Chase Bank   05/18/26   USD     277   EUR     233       (8 )
JPMorgan Chase Bank   05/18/26   EUR     10,187   USD     12,071       309  
JPMorgan Chase Bank   05/18/26   ILS     12,010   USD     3,859       48  
JPMorgan Chase Bank   05/18/26   THB     104,133   USD     3,297       127  
JPMorgan Chase Bank   05/26/26   USD     42   NZD     69       (2 )
JPMorgan Chase Bank   05/26/26   USD     4,270   KRW     6,191,210       (204 )
JPMorgan Chase Bank   05/26/26   NZD     6,468   USD     3,924       229  
JPMorgan Chase Bank   05/26/26   KRW     5,023,909   USD     3,382       82  
JPMorgan Chase Bank   06/01/26   CHF     4,052   USD     5,297       220  
JPMorgan Chase Bank   06/01/26   GBP     8,582   USD     11,591       277  
JPMorgan Chase Bank   06/01/26   EUR     9,780   USD     11,561       261  
JPMorgan Chase Bank   06/01/26   CZK     90,095   USD     4,390       160  
JPMorgan Chase Bank   06/02/26   SGD     1,080   USD     858       17  
JPMorgan Chase Bank   06/02/26   USD     4,521   THB     143,771       (139 )
JPMorgan Chase Bank   06/02/26   THB     83,334   USD     2,690       151  
JPMorgan Chase Bank   06/03/26   NZD     8,679   USD     5,192       233  
JPMorgan Chase Bank   06/08/26   USD     1,183   EUR     1,017       (8 )
JPMorgan Chase Bank   06/08/26   EUR     4,628   USD     5,487       138  
JPMorgan Chase Bank   06/08/26   CNY     22,585   USD     3,324       41  
JPMorgan Chase Bank   06/15/26   USD     564   NZD     965       (13 )
JPMorgan Chase Bank   06/15/26   NZD     7,222   USD     4,291       162  
Midland Walwyn Capital Inc.   04/17/26   CNY     9,377   USD     1,359        
Midland Walwyn Capital Inc.   05/15/26   GBP     11,000   USD     14,742       240  
Midland Walwyn Capital Inc.   05/15/26   AUD     38,000   USD     26,473       470  
Morgan Stanley   04/22/26   USD     40   CAD     54       (1 )
Morgan Stanley   04/22/26   USD     55   COP     209,810       2  
Morgan Stanley   04/22/26   USD     142   AUD     200       (5 )
Morgan Stanley   04/22/26   AUD     317   USD     224       7  
Morgan Stanley   04/22/26   EUR     1,160   GBP     1,013       (2 )
Morgan Stanley   04/22/26   USD     576   EUR     500        
Morgan Stanley   04/22/26   USD     2,388   EUR     2,000       (81 )
Morgan Stanley   04/22/26   EUR     3,600   USD     4,244       92  
Morgan Stanley   04/22/26   ZAR     18,649   USD     1,127       40  
Morgan Stanley   04/22/26   COP     400,718   USD     108        
NatWest Markets, Inc.   04/22/26   GBP     100   USD     135       3  
NatWest Markets, Inc.   04/22/26   USD     109   CAD     150       (2 )
NatWest Markets, Inc.   04/22/26   USD     159   GBP     120       (1 )
NatWest Markets, Inc.   04/22/26   USD     666   INR     62,746       (3 )
NatWest Markets, Inc.   04/22/26   USD     1,010   AUD     1,430       (31 )
NatWest Markets, Inc.   04/22/26   USD     1,156   EUR     1,000       (3 )
NatWest Markets, Inc.   04/22/26   EUR     48,571   USD     56,683       661  
Nomura Securities   04/22/26   USD     230   KRW     334,259       (11 )
RBC   05/15/26   CAD     8,000   USD     5,822       78  

 

 

40 SEI Institutional International Trust
 
 

 

Counterparty   Settlement Date      

Currency to Deliver

 (Thousands)

     

Currency to Receive

 (Thousands)

   

Unrealized

Appreciation

(Depreciation)

 (Thousands)

 
RBC   05/15/26   EUR     43,000   USD     50,010     $ 366  
RBC   05/15/26   JPY     4,270,000   USD     27,002       53  
Santander   05/05/26   USD     711   BRL     3,843       20  
Seaport Securities Corporation   04/22/26   USD     70   CNY     484        
Seaport Securities Corporation   04/22/26   CNY     68,675   USD     9,880       (77 )
Skandinavisk Enskil   04/22/26   EUR     340   NOK     3,877       6  
Skandinavisk Enskil   04/22/26   NOK     13,011   EUR     1,130       (32 )
Standard Chartered   04/22/26   USD     314   COP     1,160,203       2  
Standard Chartered   04/22/26   USD     1,176   CNH     8,070       (6 )
Standard Chartered   04/22/26   CNY     27,251   USD     3,926       (25 )
State Street   04/22/26   USD     453   ZAR     7,478       (17 )
State Street   04/22/26   EUR     500   USD     591       14  
State Street   04/22/26   USD     758   KRW     1,109,495       (31 )
TD Securities   04/22/26   USD     234   CNH           (1 )
TD Securities   04/22/26   USD     367   SEK     3,354       (14 )
TD Securities   04/22/26   ZAR     9,035   USD     567       40  
UBS   04/22/26   USD     54   AUD     81       1  
UBS   04/22/26   USD     330   KRW     484,866       (12 )
UBS   04/22/26   USD     738   GBP     550       (13 )
UBS   04/22/26   EUR     3,150   USD     3,681       47  
UBS   04/22/26   ZAR     5,107   USD     317       20  
UBS   04/22/26   INR     248,047   USD     2,688       68  
UBS   04/22/26   KRW     2,534,527   USD     1,690       29  
Wachovia Securities, Inc.   04/22/26   EUR     600   USD     713       21  
Wells Fargo   04/22/26   USD     489   COP     1,814,704       4  
Wells Fargo   04/22/26   USD     688   JPY     109,600       3  
Wells Fargo   04/22/26   USD     440   EUR     383       2  
Wells Fargo   04/22/26   USD     1,650   EUR     1,400       (35 )
Wells Fargo   04/22/26   EUR     3,600   USD     4,278       125  
Wells Fargo   04/22/26   SEK     12,114   EUR     1,131       31  
                              $ 5,066  

 

A list of the open OTC swap agreements held by the Fund at March 31, 2026, is as follows:

 

 

Credit Default Swaps  
Counterparty   Reference Entity/ Obligation  

Buy/Sell

Protection

   

(Pays)/Receives

Rate

 

Payment

Frequency

 

Termination

Date

 

Notional

Amount

(Thousands)

   

Value

(Thousands)

   

Upfront Payments/ Receipts (Thousands)

   

Net Unrealized

Appreciation

(Depreciation)
(Thousands)

 
Barclays Bank PLC   MEXICO   Buy     1.00%   Quarterly   06/20/2031   $ 1,200     $ 5     $ 4     $ 1  
Barclays Bank PLC   MEXICO   Buy     1.00%   Quarterly   06/20/2031   687       3       3        
Barclays Bank PLC   MEXICO   Buy     1.00%   Quarterly   06/20/2031   687       3       4       (1 )
                                $ 11     $ 11     $  

 

 

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)

 
HSBC   CHINA 2.52% 8/25/33   4.28%   Asset Returns   Annually   06/11/2026   USD   23,076     $ (123 )   $     $ (123 )

 

 

SEI Institutional International Trust 41

 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

International Fixed Income Fund (Concluded)

 

A list of the open centrally cleared swap agreements held by the Fund at March 31, 2026, is as follows:

 

 

Credit Default Swaps  
Reference Entity/ Obligation  

Buy/Sell

Protection

 

(Pays)/

Receives Rate

 

Payment

Frequency

  Termination Date  

Notional

Amount

(Thousands)

   

Value

(Thousands)

   

Upfront Payments/

Receipts

(Thousands)

   

Net Unrealized

Appreciation

(Depreciation)

(Thousands)

 
CDX HY S46 JUN-31   Sell   5.00%   Quarterly   06/20/2031   $ (800 )   $ 38     $ 34     $ 4  
CDX IG S46 JUN-31   Buy   1.00%   Quarterly   06/20/2031     3,492       (60 )     (57 )     (3 )
CDX IG S46 JUN-31   Buy   1.00%   Quarterly   06/20/2031     3,880       (67 )     (62 )     (5 )
CDX IG S46 JUN-31   Buy   1.00%   Quarterly   06/20/2031     2,328       (40 )     (38 )     (2 )
ITRAXX XOVER S44 DE   Buy   5.00%   Quarterly   12/20/2030     3,064       (256 )     (266 )     10  
ITRAXX XOVER S44 DE   Buy   5.00%   Quarterly   12/20/2030     1,077       (90 )     (93 )     3  
ITRAXX XOVER S45 JU   Buy   5.00%   Quarterly   06/20/2031     666       (48 )     (79 )     31  
ITRAXX XOVER S45 JU   Buy   5.00%   Quarterly   06/20/2031     674       (49 )     (44 )     (5 )
ITRAXX XOVER S45 JU   Buy   5.00%   Quarterly   06/20/2031     1,340       (97 )     (85 )     (12 )
ITRAXX XOVER S45 JU   Buy   5.00%   Quarterly   06/20/2031     841       (61 )     (71 )     10  
ITRAXX XOVER S45 JU   Buy   5.00%   Quarterly   06/20/2031     744       (53 )     (56 )     3  
ITRAXX XOVER S45 JU   Buy   5.00%   Quarterly   06/20/2031     1,261       (91 )     (107 )     16  
ITRAXX XOVER S45 JU   Buy   5.00%   Quarterly   06/20/2031     1,861       (135 )     (135 )     0  
                            $ (1,009 )   $ (1,059 )   $ 50  

 

 

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)

 
13.705%   CETIP   Annually   01/02/2031   BRL     5,533     $ (1 )   $     $ (1 )
CETIP   12.7825%   Annually   01/02/2031   BRL     4,480       (34 )           (34 )
CETIP   12.845%   Annually   01/02/2031   BRL     4,480       (32 )           (32 )
13.715%   CETIP   Annually   01/02/2031   BRL     3,929       (1 )           (1 )
CETIP   13.15%   Annually   01/02/2031   BRL     2,609       (12 )           (12 )
CETIP   13.09%   Annually   01/02/2031   BRL     3,090       (16 )           (16 )
CETIP   13.10%   Annually   01/02/2031   BRL     10,301       (51 )           (51 )
CETIP   13.005%   Annually   01/02/2031   BRL     16,000       (98 )           (98 )
SARON   0.5928%   Annually   03/13/2036   CHF     190       1             1  
China 7-Day Reverse Repo Rate   1.587%   Quarterly   03/12/2031   CNY     15,000       (1 )           (1 )
China 7-Day Reverse Repo Rate   2.0125%   Quarterly   06/19/2029   CNY     98,000       213             213  
China 7-Day Reverse Repo Rate   2.007%   Quarterly   06/19/2029   CNY     85,000       182             182  
China 7-Day Reverse Repo Rate   2.0088%   Quarterly   06/19/2029   CNY     3,700       8             8  
3-Month CNY - CDC   2.7895%   Quarterly   12/24/2029   CNY     28,220       (26 )           (26 )
2.58%   EURIBOR   Annually   09/15/2075   EUR     25,800       (1,413 )     (209 )     (1,204 )
EURIBOR   2.885%   Semi-Annually   09/20/2055   EUR     38,000       289       (669 )     958  
SOFR   3.768%   Quarterly   11/27/2029   KRW     844,300       (17 )           (17 )
TIIE   7.9595%   Monthly   03/05/2036   MXN     20,000       (40 )           (40 )
TIIE   8.2525%   Monthly   03/05/2036   MXN     5,729       (5 )           (5 )
TIIE   7.617%   Monthly   06/14/2028   MXN     21,978       (3 )           (3 )
3-Month SEK - STIBOR   2.6023%   Quarterly   03/13/2031   SEK     2,300       (3 )           (3 )
3-Month SEK - STIBOR   2.7023%   Quarterly   12/12/2030   SEK     9,500       (6 )           (6 )
                            $ (1,066 )   $ (878 )   $ (188 )

 

Percentages are based on Net Assets of $388,452 ($ Thousands).

 

(A) Security, or a portion thereof, 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 March 31, 2026, the value of these securities amounted to $38,526 ($ Thousands), representing 9.9% of the Net Assets of the Fund.

(B) No interest rate available.
(C) 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.

(D) Perpetual security with no stated maturity date.

(E) Zero coupon security.
(F) Interest rate represents the security's effective yield at the time of purchase.

 

 

42 SEI Institutional International Trust
 
 

The following is a summary of the level of inputs used as of March 31, 2026, 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           312,589             312,589  
U.S. Treasury Obligations           22,102             22,102  
Mortgage-Backed Securities           4,935             4,935  
Certificate of Deposit           14,787             14,787  
Purchased Swaptions     98                   98  
Total Investments in Securities     98       354,413             354,511  

 

 

Other Financial Instruments  

Level 1

($)

   

Level 2

($)

   

Level 3

($)

   

Total

($)

 
Futures Contracts*                                
Unrealized Appreciation     744                   744  
Unrealized Depreciation     (588 )                 (588 )
Forward Contracts*                                
Unrealized Appreciation           7,667             7,667  
Unrealized Depreciation           (2,601 )           (2,601 )
OTC Swaps                                
Credit Default Swaps*                                
Unrealized Appreciation           1             1  
Unrealized Depreciation           (1 )           (1 )
Total Return Swap*                                
Unrealized Depreciation           (123 )           (123 )
Centrally Cleared Swaps                                
Credit Default Swaps*                                
Unrealized Appreciation           77             77  
Unrealized Depreciation           (27 )           (27 )
Interest Rate Swaps*                                
Unrealized Appreciation           1,362             1,362  
Unrealized Depreciation           (1,550 )           (1,550 )
Total Other Financial Instruments     156       4,805             4,961  

 

* Futures contracts, forward 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.

 

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 43
 
 

 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

Emerging Markets Debt Fund

 

 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS — 90.7%                    
Albania — 0.0%                    
Albania Government International Bond                    
4.750%, 02/14/2035   EUR     280     $ 316  
                     
Angola — 0.5%                    
Angolan Government International Bond                    
9.375%, 05/08/2048       $ 1,150       1,018  
9.244%, 01/15/2031(A)         2,677       2,711  
Angolan Government International Bond MTN                    
9.244%, 01/15/2031         200       202  
Republic of Angola Via Avenir Issuer II Ireland DAC                    
6.927%, 02/19/2027         709       693  
                  4,624  
Argentina — 1.9%                    
Argentina Treasury Bond BONTE                    
29.500%, 05/30/2030   ARS     940,000       800  
Argentine Republic Government International Bond                    
4.125%, 07/09/2035(B)       $ 6,529       4,701  
4.125%, 07/09/2046(B)         4,596       3,137  
4.000%, 07/09/2046(B)   EUR     224       169  
3.875%, 07/09/2035(B)         2,900       2,299  
3.500%, 07/09/2041(B)       $ 189       126  
3.000%, 07/09/2041(B)   EUR     1,226       913  
0.750%, 07/09/2030(B)       $ 3,379       2,825  
Provincia de Buenos Aires MTN                    
6.625%, 09/01/2037(B)         2,405       1,810  
Republic of Argentina                    
0.000% 12/15/2035 (C)(D)   EUR     5,332       620  
                  17,400  
Armenia — 0.2%                    
Ardshinbank CJSC Via Dilijan Finance BV                    
6.600%, 01/22/2031(A)       $ 350       345  
Republic of Armenia International Bond                    
6.750%, 03/12/2035         300       304  
3.600%, 02/02/2031         1,002       891  
                  1,540  
Azerbaijan — 0.1%                    
Republic of Azerbaijan International Bond                    
3.500%, 09/01/2032         625       575  
                     
Bahamas — 0.8%                    
Bahamas Government International Bond                    
9.000%, 06/16/2029         2,240       2,382  
8.950%, 10/15/2032         3,820       4,212  
8.250%, 06/24/2036(A)         850       907  
8.250%, 06/24/2036         400       427  
                  7,928  
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
Bahrain — 1.2%                    
Bahrain Government International Bond                    
7.000%, 10/12/2028       $ 382     $ 380  
6.750%, 09/20/2029         2,363       2,322  
6.625%, 10/06/2037(A)         2,497       2,269  
6.000%, 09/19/2044         780       630  
Bahrain Government International Bond MTN                    
7.100%, 02/03/2038(A)         500       471  
6.250%, 01/25/2051         4,250       3,454  
CBB International Sukuk Programme WLL                    
3.950%, 09/16/2027         1,974       1,887  
3.875%, 05/18/2029         200       182  
                  11,595  
Barbados — 0.2%                    
Barbados Government International Bond                    
8.000%, 06/26/2035(A)         1,500       1,519  
                     
Bermuda — 0.0%                    
Bermuda Government International Bond                    
2.375%, 08/20/2030         221       199  
                     
Bolivia — 0.1%                    
Bolivian Government International Bond                    
4.500%, 03/20/2028         668       621  
                     
Brazil — 4.1%                    
Aegea Finance Sarl                    
7.625%, 01/20/2036(A)         1,175       1,018  
Braskem Netherlands Finance BV                    
8.500%, 01/12/2031         1,350       640  
8.000%, 10/15/2034         3,630       1,688  
Brazil Notas do Tesouro Nacional, Serie B                    
6.000%, 05/15/2045   BRL     1,047       822  
6.000%, 08/15/2050         271       208  
Brazil Notas do Tesouro Nacional, Serie F                    
10.000%, 01/01/2027         21,554       4,126  
10.000%, 01/01/2029         33,100       5,844  
10.000%, 01/01/2031         25,397       4,250  
10.000%, 01/01/2033         24,327       3,907  
10.000%, 01/01/2035         19,546       3,044  
Brazilian Government International Bond                    
7.250%, 01/12/2056       $ 7,336       7,184  
6.250%, 05/22/2036         4,239       4,152  
4.750%, 01/14/2050         505       365  
Yinson Bergenia Production BV                    
8.498%, 01/31/2045(A)         296       312  
Yinson Boronia Production BV                    
8.947%, 07/31/2042         826       894  
                  38,454  

 

 

44 SEI Institutional International Trust

 
 
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
Bulgaria — 0.0%                    
Eastern European Electric BV                    
6.500%, 05/15/2030(A)   EUR     250     $ 292  
                     
Cameroon — 0.2%                    
Republic of Cameroon International Bond                    
5.950%, 07/07/2032         2,030       2,011  
                     
Canada — 0.0%                    
Polaris Renewable Energy                    
9.500%, 12/03/2029       $ 250       258  
                     
Cayman Islands — 0.1%                    
Neon Capital MTN                    
0.000%, 01/06/2028(C)(D)   JPY     81,827       492  
                     
Chile — 1.4%                    
Bonos de la Tesoreria de la Republica en pesos                    
6.000%, 04/01/2033(A)   CLP     610,000       691  
5.000%, 03/01/2035         1,100,000       1,138  
4.700%, 09/01/2030(A)         2,300,000       2,412  
Chile Electricity Lux Mpc II Sarl                    
5.580%, 10/20/2035       $ 391       393  
Chile Electricity Lux MPC Sarl                    
6.010%, 01/20/2033         602       621  
Chile Government International Bond                    
3.100%, 05/07/2041         500       378  
2.550%, 07/27/2033         1,805       1,537  
Empresa Nacional del Petroleo                    
5.950%, 07/30/2034         257       259  
Nacional del Cobre de Chile                    
6.780%, 01/13/2055(A)         2,071       2,193  
6.780%, 01/13/2055         2,347       2,486  
Sociedad Quimica y Minera de Chile                    
5.625%, H15T5Y + 1.915%,                    
04/22/2056 (A)(C)         961       936  
                  13,044  
China — 0.3%                    
China Government Bond                    
2.150%, 08/25/2055   CNY     5,500       769  
China Government International Bond                    
3.750%, 11/13/2030(A)       $ 1,842       1,847  
3.625%, 11/13/2028         200       200  
                  2,816  
Colombia — 4.7%                    
Colombia Government International Bond                    
8.500%, 04/25/2035         2,378       2,572  
6.125%, 01/21/2031         867       852  
5.625%, 02/26/2044         692       546  
5.200%, 05/15/2049         600       430  
5.000%, 06/15/2045         7,998       5,735  
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
4.125%, 05/15/2051       $ 2,111     $ 1,281  
3.125%, 04/15/2031         2,198       1,873  
Colombian TES                    
13.250%, 02/09/2033   COP     16,643,300       4,496  
11.750%, 01/24/2035         15,582,600       3,942  
11.500%, 07/25/2046         1,665,700       408  
7.750% 09/18/2030         1,656,500       364  
7.250%, 10/18/2034         24,406,400       4,696  
7.250%, 10/26/2050         15,714,500       2,531  
7.000%, 03/26/2031         20,946,000       4,408  
7.000%, 03/26/2031         1,211,900       255  
7.000%, 06/30/2032         12,255,400       2,462  
6.000% 04/28/2028         7,790,300       1,842  
5.750%, 11/03/2027         7,932,400       1,925  
Ecopetrol                    
5.875% 05/28/2045       $ 2,730       2,009  
EnfraGen Energia Sur SAU                    
8.499%, 06/30/2032(A)         900       907  
PA Autopista Rio Magdalena                    
6.050%, 06/15/2036   COP     3,004,012       678  
                  44,212  
Congo — 0.1%                    
Congolese International Bond                    
9.875%, 11/07/2032       $ 600       560  
                     
Costa Rica — 0.7%                    
Costa Rica Government International Bond                    
7.158%, 03/12/2045         2,200       2,335  
6.125%, 02/19/2031         2,186       2,231  
6.001%, 01/16/2036(A)   EUR     2,000       2,375  
                  6,941  
Cote d'Ivoire — 0.5%                    
Ivory Coast Government International Bond                    
8.250%, 01/30/2037       $ 338       347  
8.250%, 01/30/2037(A)         329       337  
8.075%, 04/01/2036(A)         899       913  
6.750%, 02/25/2041(A)         2,152       1,890  
6.625%, 03/22/2048   EUR     1,450       1,442  
                  4,929  
Czech Republic — 0.6%                    
Czech Republic Government Bond                    
4.500%, 11/11/2032   CZK     24,000       1,113  
3.600%, 06/03/2036         21,000       883  
2.750%, 07/23/2029         50,000       2,233  
1.750%, 06/23/2032         45,000       1,787  
                  6,016  
Dominican Republic — 1.6%                    
Dominican Republic Central Bank Notes                    
9.000%, 12/11/2026   DOP     28,080       468  
Dominican Republic International Bond                    
10.750%, 06/01/2036         30,300       529  

 

 

SEI Institutional International Trust 45
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

Emerging Markets Debt Fund (Continued)

 

 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
6.150%, 05/17/2038(A)       $ 3,378     $ 3,194  
5.875%, 10/28/2035         2,068       1,964  
5.875%, 10/28/2035(A)         2,944       2,795  
5.875%, 01/30/2060         600       501  
5.750%, 03/17/2034(A)         2,499       2,379  
5.300%, 01/21/2041         3,300       2,804  
                  14,634  
Ecuador — 1.1%                    
Ecuador Government International Bond                    
9.250%, 01/29/2039(A)         876       859  
8.750%, 01/29/2034(A)         3,055       2,994  
6.900%, 07/31/2035(B)         4,714       4,148  
5.000%, 07/31/2040(B)         2,715       2,124  
0.000%, 07/31/2030(E)         441       368  
                  10,493  
Egypt — 1.9%                    
Egypt Government Bond                    
25.318%, 08/13/2027   EGP     146,800       2,668  
24.458%, 10/01/2027         13,300       243  
Egypt Government International Bond                    
8.700%, 03/01/2049       $ 3,849       3,367  
8.500%, 01/31/2047         7,673       6,623  
Egypt Government International Bond MTN                    
8.625%, 02/04/2030         1,895       1,958  
Egypt Treasury Bills                    
0.000%, 04/07/2026(E)(F)   EGP     14,750       269  
0.000%, 04/28/2026(E)(F)         57,900       1,042  
0.000%, 06/16/2026(E)(F)         14,975       261  
0.000%, 07/21/2026(E)(F)         25,375       432  
0.000%, 07/28/2026(E)(F)         13,100       222  
0.000%, 09/08/2026(E)(F)         26,975       446  
0.000%, 10/20/2026(E)(F)         9,800       158  
0.000%, 10/27/2026(E)(F)         21,825       350  
                  18,039  
El Salvador — 0.5%                    
El Salvador Government International Bond                    
9.500%, 07/15/2052       $ 1,746       1,837  
8.625%, 02/28/2029         1,600       1,664  
7.125%, 01/20/2050         1,930       1,613  
                  5,114  
Ethiopia — 0.1%                    
Ethiopia International Bond                    
6.625%, 12/11/2024(G)         473       482  
                     
Gabon — 0.2%                    
Gabon Blue Bond Master Trust Series 2                    
6.097%, 08/01/2038         200       200  
Gabon Government International Bond                    
7.000%, 11/24/2031         2,147       1,770  
                  1,970  
 
        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
Ghana — 0.5%                    
Ghana Government International Bond                    
5.000%, 07/03/2029(B)       $ 2,267     $ 2,159  
5.000%, 07/03/2029(A)(B)         83       79  
5.000%, 07/03/2035(B)         2,798       2,382  
0.000%, 07/03/2026(E)         245       240  
0.000%, 01/03/2030(E)         242       203  
                  5,063  
Guatemala — 0.9%                    
Guatemala Government Bond                    
6.600%, 06/13/2036         1,321       1,386  
6.250%, 08/15/2036(A)         1,120       1,139  
6.125%, 06/01/2050         1,335       1,267  
4.875%, 02/13/2028         1,687       1,674  
4.500%, 05/03/2026         750       750  
Industrial Subordinated Trust 2 0                    
6.550%, H15T5Y + 2.864%, 04/15/2036 (A)(C)         972       972  
Threelands Energy Sarl                    
7.450%, 10/20/2035(A)         820       830  
                  8,018  
Hungary — 1.5%                    
Hungary Government Bond                    
7.000%, 10/24/2035   HUF     135,000       398  
3.250%, 10/22/2031         150,000       369  
3.000%, 10/27/2038         73,070       144  
3.000%, 04/25/2041         535,850       999  
Hungary Government International Bond                    
6.750%, 09/23/2055(A)       $ 2,562       2,596  
6.125%, 05/22/2028         1,272       1,301  
6.000%, 09/26/2035         1,843       1,870  
5.500%, 03/26/2036         4,200       4,094  
5.375%, 09/26/2030         1,655       1,663  
3.125%, 09/21/2051         1,399       833  
                  14,267  
India — 1.6%                    
Adani Green Energy UP                    
6.700%, 03/12/2042         1,781       1,652  
Adani Renewable Energy RJ MTN                    
4.625%, 10/15/2039         616       495  
Export-Import Bank of India MTN                    
3.250%, 01/15/2030         660       628  
2.250%, 01/13/2031         346       309  
India Government Bond                    
7.360%, 09/12/2052   INR     190,000       1,916  
7.300%, 06/19/2053         282,010       2,799  
7.180%, 07/24/2037         243,610       2,555  
6.480%, 10/06/2035         170,750       1,743  
6.330%, 05/05/2035         181,390       1,837  

 

 

46 SEI Institutional International Trust
 
 
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
Muthoot Finance MTN                    
5.750%, 08/04/2030(A)       $ 778     $ 747  
                  14,681  
Indonesia — 6.3%                    
Indonesia Government International Bond                    
8.375% 09/15/2026   IDR     13,515,000       802  
5.650%, 01/11/2053       $ 1,791       1,718  
4.850%, 01/11/2033         400       393  
4.550%, 01/11/2028         490       490  
4.300%, 03/31/2052         688       538  
4.200%, 10/15/2050         529       410  
Indonesia Treasury Bond                    
9.000% 03/15/2029   IDR     31,550,000       1,984  
8.750% 05/15/2031         13,902,000       900  
8.375% 03/15/2034         15,107,000       968  
8.375%, 04/15/2039         17,819,000       1,172  
8.250%, 05/15/2029         31,168,000       1,918  
8.250% 06/15/2032         11,041,000       708  
8.250% 05/15/2036         25,814,000       1,660  
7.500%, 08/15/2032         12,336,000       751  
7.500%, 06/15/2035         4,700,000       288  
7.500%, 05/15/2038         16,739,000       1,029  
7.500%, 04/15/2040         24,411,000       1,491  
7.125%, 06/15/2038         28,904,000       1,721  
7.125%, 08/15/2040         23,545,000       1,405  
7.125%, 06/15/2042         5,650,000       337  
7.125%, 06/15/2043         49,047,000       2,924  
7.125%, 08/15/2045         26,107,000       1,573  
7.000% 05/15/2027         4,310,000       256  
7.000%, 09/15/2030         32,147,000       1,908  
7.000%, 02/15/2033         43,662,000       2,585  
6.875%, 04/15/2029         27,011,000       1,602  
6.750%, 07/15/2035         99,431,000       5,789  
6.625%, 02/15/2034         24,834,000       1,436  
6.500%, 07/15/2030         76,740,000       4,477  
6.500%, 02/15/2031         57,565,000       3,363  
6.500%, 04/15/2036         60,000,000       3,436  
6.375%, 08/15/2028         43,995,000       2,593  
6.375%, 04/15/2032         6,197,000       357  
5.500%, 04/15/2026         574,000       34  
Pertamina Hulu Energi                    
5.250%, 05/21/2030(A)       $ 1,538       1,542  
Perusahaan Penerbit SBSN Indonesia III                    
4.550%, 07/23/2030(A)         4,497       4,424  
Perusahaan Perseroan Persero Perusahaan Listrik Negara MTN                    
5.450%, 02/03/2036(A)         267       255  
                  59,237  
Iraq — 0.4%                    
Iraq International Bond                    
5.800%, 01/15/2028         1,204       1,170  
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
5.800%, 01/15/2028       $ 2,447     $ 2,376  
                  3,546  
Isle of Man — 0.2%                    
Kinetics LNG Holdings                    
9.875%, 11/13/2029(A)         1,375       1,388  
                     
Israel — 0.3%                    
Israel Electric                    
8.100%, 12/15/2096         1,400       1,819  
Leviathan Bond                    
6.750%, 06/30/2030(A)         394       400  
State of Israel                    
3.800%, 05/13/2060         490       318  
                  2,537  
Jamaica — 0.2%                    
NCB Financial Group                    
11.000%, 07/31/2030         2,100       2,195  
                     
Jordan — 0.4%                    
Jordan Government International Bond                    
7.500%, 01/13/2029         851       874  
7.500%, 01/13/2029(A)         821       843  
7.375%, 10/10/2047         2,200       2,066  
                  3,783  
Kazakhstan — 1.0%                    
Development Bank of Kazakhstan JSC MTN                    
18.400%, 10/16/2028(A)   KZT     192,000       413  
Kazakhstan Government Bond - MEOKAM                    
16.950%, 10/09/2030         270,000       578  
Kazakhstan Government Bond - MEUKAM                    
15.180%, 02/05/2032         157,500       322  
14.450%, 06/05/2033         525,000       1,043  
14.000%, 02/13/2035         1,090,000       2,104  
11.050%, 01/28/2037         92,000       146  
10.400%, 05/19/2027         235,000       460  
5.000%, 04/18/2028         70,000       118  
Kazakhstan Government International Bond                    
5.500%, 07/01/2037       $ 829       832  
5.500%, 07/01/2037(A)         500       502  
5.000%, 07/01/2032(A)         1,639       1,634  
5.000%, 07/01/2032         549       547  
4.412%, 10/28/2030(A)         400       392  
KazMunayGas National JSC                    
6.375%, 10/24/2048         310       308  
                  9,399  
Kenya — 0.8%                    
Kenya Government International Bond                    
7.000%, 05/22/2027         133       133  
Republic of Kenya Government International Bond                    
9.750%, 02/16/2031         1,998       2,048  

 

 

SEI Institutional International Trust 47
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

Emerging Markets Debt Fund (Continued)

 

 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
8.700%, 02/26/2039(A)       $ 2,269     $ 2,053  
8.250%, 02/28/2048         2,751       2,387  
Republic of Kenya Infrastructure Bond                    
18.461%, 08/09/2032   KES     32,950       310  
13.938%, 10/27/2036         10,950       91  
12.500%, 01/10/2033         71,350       565  
12.257%, 01/05/2037         18,200       145  
                  7,732  
Kuwait — 0.2%                    
Kuwait International Government Bond                    
4.652%, 10/09/2035(A)       $ 1,495       1,435  
                     
Kyrgyzstan — 0.0%                    
Kyrgyz Republic International Bond                    
7.750%, 06/03/2030(A)         380       378  
                     
Laos — 0.2%                    
Laos Government International Bond                    
11.250%, 11/12/2030         840       855  
11.250%, 11/12/2030(A)         600       610  
                  1,465  
Latvia — 0.1%                    
Latvia Government International Bond MTN                    
5.125%, 07/30/2034         600       603  
                     
Lebanon — 0.4%                    
Lebanon Government International Bond                    
8.250%, 05/17/2034(G)         6,511       1,575  
8.200%, 05/17/2033(G)         2,311       551  
Lebanon Government International Bond MTN                    
7.000%, 03/20/2028(G)         2,239       538  
6.400%, 05/26/2023(G)         2,649       630  
6.100%, 10/04/2022(G)         2,311       544  
                  3,838  
Luxembourg — 0.2%                    
Delphos Securities SARL - Compartment Bernina MTN                    
7.625%, 04/08/2035   EUR     1,500       1,636  
                     
Malaysia — 6.2%                    
Khazanah Capital MTN                    
4.876%, 06/01/2033       $ 239       241  
4.759%, 09/05/2034         400       399  
Khazanah Global Sukuk MTN                    
4.687%, 06/01/2028         1,253       1,260  
Malaysia Government Bond                    
5.248% 09/15/2028   MYR     1,528       395  
4.893%, 06/08/2038         13,417       3,664  
4.696%, 10/15/2042         3,303       886  
4.642%, 11/07/2033         8,275       2,176  
4.504%, 04/30/2029         4,500       1,150  
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
4.498% 04/15/2030   MYR     15,635     $ 4,020  
4.457%, 03/31/2053         1,997       518  
4.392% 04/15/2026         340       84  
4.065%, 06/15/2050         6,000       1,473  
4.054%, 04/18/2039         4,639       1,161  
3.906%, 07/15/2026         4,616       1,143  
3.900%, 11/30/2026         38,946       9,672  
3.885%, 08/15/2029         19,802       4,973  
3.828%, 07/05/2034         19,901       4,965  
3.757%, 05/22/2040         5,000       1,216  
3.733%, 06/15/2028         18,179       4,536  
3.582%, 07/15/2032         11,997       2,967  
3.519%, 04/20/2028         10,763       2,674  
3.502% 05/31/2027         9,950       2,468  
2.632%, 04/15/2031         9,526       2,263  
Malaysia Government Investment Issue                    
4.119%, 11/30/2034         1,248       318  
Malaysia Wakala Sukuk                    
3.075%, 04/28/2051       $ 750       527  
Petronas Capital MTN                    
5.848%, 04/03/2055(A)         1,431       1,463  
4.950%, 01/03/2031         1,716       1,754  
                  58,366  
Mexico — 7.0%                    
El Puerto de Liverpool                    
5.750%, 02/10/2038(A)         1,208       1,142  
Grupo Televisa                    
5.250%, 05/24/2049         438       269  
Mexican Bonos                    
8.500%, 03/01/2029   MXN     139,201       7,729  
8.500%, 02/28/2030         140,000       7,706  
8.000%, 04/15/2032         135,500       7,126  
8.000%, 11/07/2047         69,541       3,222  
8.000%, 07/31/2053         65,873       3,021  
7.750% 11/23/2034         1,154       59  
7.750% 11/13/2042         99,545       4,579  
7.500% 06/03/2027         37,128       2,058  
7.500%, 05/26/2033         8        
Mexican Bonos, Ser M20                    
8.500% 05/31/2029         7,052       390  
7.750% 05/29/2031         249       13  
Mexican Bonos, Ser M30                    
8.500% 11/18/2038         59,956       3,054  
Mexico Government International Bond                    
6.750%, 02/09/2056       $ 400       388  
6.338%, 05/04/2053         3,982       3,700  
4.280%, 08/14/2041         1,423       1,113  
Mexico Government International Bond MTN                    
5.750%, 10/12/2110         240       195  
5.625%, 03/19/2114   GBP     4,850       4,575  
Petroleos Mexicanos                    
7.690%, 01/23/2050       $ 10,440       9,041  

 

 

48 SEI Institutional International Trust
 
 

 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
Petroleos Mexicanos MTN                    
6.750%, 09/21/2047       $ 7,539     $ 6,015  
                  65,395  
Mongolia — 0.3%                    
Mongolia Government International Bond                    
6.625%, 02/25/2030         400       405  
6.625%, 02/25/2030(A)         200       202  
Tsetsens Mining And Energy                    
11.375%, 02/05/2031         2,210       2,213  
                  2,820  
Montenegro — 0.0%                    
Montenegro Government International Bond                    
7.250%, 03/12/2031         300       312  
                     
Morocco — 0.2%                    
Morocco Government International Bond                    
6.500%, 09/08/2033         1,575       1,658  
4.000%, 12/15/2050         600       411  
                  2,069  
Mozambique — 0.1%                    
Mozambique International Bond                    
9.000%, 09/15/2031(B)         873       654  
Netherlands — 0.0%                    
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden MTN                    
11.000%, 03/27/2028   UZS     2,000,000       164  
                     
Nigeria — 2.1%                    
Nigeria Government International Bond                    
9.625%, 06/09/2031       $ 2,610       2,858  
9.130%, 01/13/2046(A)         500       522  
8.631%, 01/13/2036(A)         1,435       1,495  
8.631%, 01/13/2036         200       208  
Nigeria Government International Bond MTN                    
8.250%, 09/28/2051         2,200       2,111  
Nigeria OMO Bill                    
0.000%, 04/07/2026(E)(F)   NGN     848,485       611  
0.000%, 04/14/2026(E)(F)         3,849,045       2,755  
0.000%, 04/28/2026(E)(F)         417,500       297  
0.000%, 06/09/2026(E)(F)         551,515       382  
0.000%, 06/23/2026(E)(F)         417,500       287  
0.000%, 07/07/2026(E)(F)         1,970,000       1,344  
0.000%, 07/14/2026(E)(F)         551,515       375  
0.000%, 07/28/2026(E)(F)         2,865,554       1,933  
0.000%, 08/04/2026(E)(F)         2,792,389       1,876  
0.000%, 09/22/2026(E)(F)         2,931,047       1,941  
0.000%, 01/21/2027(E)(F)         1,573,544       987  
                  19,982  
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
North Macedonia — 0.0%                    
North Macedonia Government International Bond                    
4.750%, 01/21/2034(A)   EUR     330     $ 361  
                     
Oman — 1.0%                    
EDO Sukuk                    
5.662%, 07/03/2031       $ 1,520       1,554  
5.662%, 07/03/2031(A)         728       744  
Mazoon Assets SAOC                    
5.250%, 10/09/2031(A)         785       784  
5.250%, 10/09/2031         233       233  
Oman Government International Bond                    
7.000%, 01/25/2051         1,024       1,109  
6.750%, 10/28/2027         259       266  
6.750%, 01/17/2048         2,135       2,225  
Oman Sovereign Sukuk                    
4.525%, 04/17/2033(A)         2,234       2,154  
                  9,069  
Pakistan — 0.2%                    
Pakistan Global Sukuk Programme MTN                    
7.950%, 01/31/2029         1,330       1,314  
Pakistan Government International Bond MTN                    
8.875%, 04/08/2051         800       714  
Pakistan Water & Power Development Authority                    
7.500%, 06/04/2031         200       177  
                  2,205  
Panama — 0.8%                    
Panama Government International Bond                    
8.125%, 04/28/2034         202       230  
8.000%, 03/01/2038         1,853       2,122  
5.662%, 02/23/2038         842       808  
4.500%, 04/16/2050         450       341  
4.300%, 04/29/2053         1,827       1,332  
2.252%, 09/29/2032         2,688       2,207  
                  7,040  
Paraguay — 0.4%                    
Paraguay Government International Bond                    
8.500%, 04/04/2038(A)   PYG     2,980,000       453  
6.650%, 03/04/2055(A)       $ 718       745  
5.850%, 08/21/2033         1,248       1,281  
4.950%, 04/28/2031         438       436  
Ueno Bank                    
6.700%, 03/06/2031(A)         632       624  
                  3,539  
Peru — 3.0%                    
Peru Government Bond                    
7.600%, 08/12/2039(A)   PEN     9,400       2,782  
7.300%, 08/12/2033(A)         1,749       548  

 

 

SEI Institutional International Trust 49
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

Emerging Markets Debt Fund (Continued)

 

 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
6.850%, 08/12/2035(A)   PEN     3,932     $ 1,146  
5.400%, 08/12/2034         36,925       10,033  
5.350%, 08/12/2040         5,708       1,365  
Peru LNG Srl                    
5.375%, 03/22/2030       $ 867       840  
Peruvian Government International Bond                    
6.900%, 08/12/2037   PEN     3,515       998  
6.200%, 06/30/2055       $ 692       694  
5.875%, 08/08/2054         208       200  
5.500%, 03/30/2036         3,762       3,748  
3.230%, 07/28/2121         820       437  
Petroleos del Peru                    
5.625%, 06/19/2047         7,620       5,344  
                  28,135  
Philippines — 1.4%                    
Philippine Government Bond                    
6.375%, 07/27/2030   PHP     50,000       809  
6.250%, 02/28/2029         125,000       2,041  
6.000%, 08/20/2030         65,000       1,042  
Philippine Government International Bond                    
5.750%, 01/27/2051       $ 800       789  
5.170%, 10/13/2027         1,970       1,995  
5.000%, 01/27/2036         469       456  
2.950%, 05/05/2045         700       467  
2.650%, 12/10/2045         2,093       1,316  
1.950%, 01/06/2032         4,736       4,047  
                  12,962  
Poland — 4.5%                    
Poland Government Bond                    
4.750%, 07/25/2029   PLN     10,100       2,693  
Republic of Poland Government Bond                    
7.500%, 07/25/2028         18,000       5,120  
6.000%, 10/25/2033         7,486       2,051  
5.000%, 10/25/2034         8,286       2,114  
5.000%, 10/25/2035         5,092       1,279  
2.750%, 04/25/2028         10,139       2,626  
1.750%, 04/25/2032         34,109       7,438  
1.250%, 10/25/2030         18,000       4,066  
Republic of Poland Government International Bond                    
5.500%, 04/04/2053       $ 100       93  
5.500%, 03/18/2054         2,661       2,458  
5.375%, 02/12/2035         6,631       6,751  
5.125%, 09/18/2034         3,050       3,065  
4.875%, 02/12/2030         2,029       2,072  
                  41,826  
Romania — 3.5%                    
Romania Government Bond                    
8.250%, 09/29/2032   RON     2,470       585  
8.000%, 04/29/2030         25,750       6,008  
7.650%, 07/27/2031         8,470       1,952  
7.500%, 07/27/2033         3,760       859  
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
7.350%, 04/28/2031   RON     4,165     $ 949  
7.100%, 07/31/2034         7,840       1,753  
6.850%, 07/29/2030         9,160       2,027  
6.750%, 04/25/2035         55       12  
6.300%, 04/25/2029         11,000       2,443  
4.850%, 07/25/2029         7,300       1,551  
4.250%, 04/28/2036         2,150       386  
4.150%, 10/24/2030         1,020       205  
Romanian Government International Bond                    
7.500%, 02/10/2037       $ 2,896       3,057  
6.625%, 05/16/2036         480       477  
5.750%, 03/24/2035         3,140       2,968  
5.750%, 07/04/2036(A)         3,434       3,184  
5.000%, 02/12/2029   RON     1,670       359  
4.000%, 02/14/2051       $ 846       545  
Romanian Government International Bond MTN                    
2.875%, 04/13/2042   EUR     5,305       3,820  
                  33,140  
Russia — 0.0%                    
Russian Foreign Bond - Eurobond                    
7.500% 03/31/2030 (G)       $        
Vnesheconombank Via VEB Finance                    
6.800%, 06/30/2026(A)         150       8  
6.800%, 06/30/2026         580       5  
                  13  
Rwanda — 0.0%                    
Rwanda International Government Bond                    
5.500%, 08/09/2031         260       232  
                     
Saudi Arabia — 1.7%                    
Acwa Power Management And Investments One                    
5.950%, 12/15/2039         344       337  
Saudi Government International Bond (A)                    
5.875%, 01/12/2056         3,437       3,290  
4.375%, 01/12/2031         2,443       2,392  
Saudi Government International Bond MTN                    
5.875%, 01/12/2056         200       192  
5.000%, 01/18/2053         1,979       1,675  
4.750%, 01/16/2030         4,189       4,181  
4.625%, 10/04/2047         2,900       2,385  
4.375%, 01/12/2031         400       392  
3.750%, 01/21/2055         1,670       1,132  
                  15,976  
Senegal — 0.2%                    
Senegal Government International Bond                    
6.750%, 03/13/2048         1,140       577  
6.250%, 05/23/2033         926       490  
5.375%, 06/08/2037   EUR     420       244  

 

 

50 SEI Institutional International Trust
 
 
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
4.750%, 03/13/2028   EUR     233     $ 168  
                  1,479  
Serbia — 0.4%                    
Serbia International Bond                    
6.000%, 06/12/2034       $ 2,725       2,729  
2.125%, 12/01/2030         689       594  
Telecommunications co Telekom Srbija AD Belgrade                    
7.000%, 10/28/2029         200       197  
                  3,520  
South Africa — 5.2%                    
Absa Bank MTN (H)                    
0.000%, 04/16/2026(E)   EGP     92,200       1,667  
0.000%, 07/16/2026(E)         90,700       1,555  
0.000%, 01/14/2027(E)         100,450       1,547  
Eskom Holdings SOC MTN                    
7.500%, 09/15/2033   ZAR     35,000       1,800  
Republic of South Africa Government Bond                    
11.625%, 03/31/2053         15,000       1,031  
9.000%, 01/31/2040         72,162       3,959  
8.875% 02/28/2035         29,302       1,682  
8.750% 01/31/2044         145,948       7,723  
8.750% 02/28/2048         209,698       11,081  
8.500% 01/31/2037         17,212       939  
8.250% 03/31/2032         24,060       1,372  
8.000% 01/31/2030         57,400       3,317  
6.500% 02/28/2041         23,519       1,026  
6.250% 03/31/2036         12,819       601  
Republic of South Africa Government International Bond                    
6.125%, 12/11/2037       $ 1,182       1,098  
6.125%, 12/11/2037(A)         5,465       5,076  
5.750%, 09/30/2049         4,630       3,580  
                  49,054  
Sri Lanka — 0.5%                    
Sri Lanka Government International Bond                    
3.600%, 06/15/2035(A)(B)         1,916       1,446  
3.600%, 05/15/2036(A)(B)         38       34  
3.600%, 02/15/2038(B)         2,278       2,010  
3.600%, 02/15/2038(A)(B)         781       689  
3.350%, 03/15/2033(B)         789       659  
                  4,838  
Supra-National — 2.0%                    
Andina de Fomento MTN                    
7.700%, 03/06/2029   INR     190,000       1,967  
Asian Development Bank MTN                    
4.500%, 05/30/2028   PEN     3,000       840  
Asian Infrastructure Investment Bank MTN                    
7.200%, 07/02/2031   INR     36,100       366  
7.000%, 03/01/2029         110,000       1,128  
6.650%, 06/30/2033         302,200       2,935  
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
European Bank for Reconstruction & Development MTN                    
22.500%, 07/31/2026   NGN     425,000     $ 307  
21.000%, 07/21/2026         350,000       253  
Inter-American Development Bank MTN                    
7.000%, 08/08/2033   INR     224,000       2,249  
International Bank for Reconstruction & Development MTN                    
7.050%, 07/22/2029         109,000       1,114  
6.750%, 07/13/2029         182,600       1,847  
6.500%, 04/17/2030         180,000       1,801  
2.250%, 01/19/2029   CNY     6,000       886  
International Finance MTN                    
0.000%, 08/16/2028(E)   COP     16,480,000       3,346  
                  19,039  
Swaziland — 0.1%                    
Eswatini Government Bond MTN                    
12.175%, 08/01/2030   ZAR     7,000       403  
11.875%, 05/08/2027         9,000       530  
                  933  
Tajikistan — 0.1%                    
Republic of Tajikistan International Bond                    
7.125%, 09/14/2027       $ 845       846  
                     
Thailand — 1.1%                    
Thailand Government Bond                    
3.450%, 06/17/2043   THB     113,000       3,530  
3.390%, 06/17/2037         22,914       758  
3.300%, 06/17/2038         69,684       2,240  
2.800%, 06/17/2034         28,924       921  
2.750%, 06/17/2052         1,861       50  
2.410%, 03/17/2035         44,400       1,371  
2.125%, 12/17/2026         5,000       153  
2.000%, 06/17/2042         44,962       1,182  
                  10,205  
Trinidad & Tobago — 0.3%                    
Port of Spain Waterfront Development                    
7.875%, 02/19/2040       $ 1,988       1,988  
Telecommunications Services of Trinidad & Tobago                    
8.875%, 10/18/2029         610       616  
Trinidad & Tobago Government International Bond                    
6.500%, 01/28/2036(A)         440       437  
                  3,041  
Tunisia — 0.2%                    
Tunisian Republic MTN                    
3.500%, 02/03/2033   JPY     400,000       2,041  

 

 

SEI Institutional International Trust 51
 
 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2026

 

Emerging Markets Debt Fund (Continued)

 

 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
Turkey — 3.3%                    
Hazine Mustesarligi Varlik Kiralama                    
6.750%, 09/01/2030(A)       $ 1,826     $ 1,828  
Turkiye Government Bond                    
41.000%, 05/05/2027   TRY     50,000       1,128  
37.840%, 07/14/2027         50,000       1,098  
36.780%, 10/13/2027         125,000       2,721  
31.080%, 11/08/2028         50,000       1,015  
30.000%, 09/12/2029         151,300       2,966  
26.200%, 10/05/2033         98,092       1,882  
Turkiye Government International Bond                    
9.875%, 01/15/2028       $ 3,036       3,237  
6.875%, 01/14/2038         1,400       1,309  
6.300%, 03/14/2033         4,412       4,173  
5.750%, 05/11/2047         7,485       5,596  
4.875%, 04/16/2043         400       281  
Zorlu Enerji Elektrik Uretim                    
11.000%, 04/23/2030         4,460       3,923  
                  31,157  
Ukraine — 1.0%                    
NAK Naftogaz Ukraine via Kondor Finance                    
7.125%, 07/19/2026(G)   EUR     506       473  
NPC Ukrenergo                    
6.875%, 11/09/2026(G)         731       672  
Ukraine Government International Bond                    
4.500%, 02/01/2029(B)       $ 235       165  
4.500%, 02/01/2034(B)         526       280  
4.500%, 02/01/2035(B)         1,374       719  
4.500%, 02/01/2036(B)         592       304  
4.000%, 02/01/2032(B)         872       629  
4.000%, 02/01/2032(A)(B)         3,548       2,562  
0.000%, 02/01/2030(B)(D)         205       120  
0.000%, 02/01/2034(B)(D)         2,087       893  
0.000%, 02/01/2035(B)(D)         3,830       1,775  
0.000%, 02/01/2035(A)(B)(D)         174       81  
0.000%, 02/01/2036(B)(D)         540       251  
                  8,924  
United Arab Emirates — 1.0%                    
Abu Dhabi Government International Bond                    
4.250%, 10/02/2035(A)         3,075       2,946  
3.125%, 09/30/2049         3,124       2,056  
Abu Dhabi Government International Bond MTN                    
1.625%, 06/02/2028         1,512       1,424  
DAE Sukuk Difc MTN                    
4.500%, 10/16/2030(A)         427       407  
Finance Department Government of Sharjah MTN                    
4.000%, 07/28/2050         2,304       1,434  
Pearl Petroleum                    
13.000%, 05/15/2028(A)         1,100       1,180  
                  9,447  
 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
Uruguay — 1.1%                    
Uruguay Government International Bond                    
9.750%, 07/20/2033   UYU     7,600     $ 207  
8.000%, 10/29/2035         15,400       384  
5.750%, 10/28/2034       $ 4,719       4,926  
4.975%, 04/20/2055         201       178  
Uruguay Monetary Regulation Bill                    
0.000%, 06/05/2026(E)(F)   UYU     2,050       50  
0.000%, 07/31/2026(E)(F)         36,419       877  
0.000%, 09/04/2026(E)(F)         122,289       2,931  
0.000%, 10/02/2026(E)(F)         26,405       630  
                  10,183  
Uzbekistan — 1.3%                    
Jscb Agrobank                    
9.250%, 10/02/2029       $ 300       321  
National Bank of Uzbekistan                    
19.875%, 07/05/2027   UZS     4,200,000       357  
Republic of Uzbekistan International Bond                    
16.250%, 10/12/2026(A)         5,740,000       485  
15.500%, 02/25/2028(A)         36,240,000       3,173  
6.947%, 05/25/2032       $ 400       418  
6.900%, 02/28/2032         987       1,028  
5.375%, 05/29/2027   EUR     780       907  
3.900%, 10/19/2031       $ 919       829  
TBC Bank Group PLC (H)                    
22.000%, 06/05/2028         20,800,000       1,859  
Uzbek Industrial and Construction Bank ATB                    
21.000%, 07/24/2027   UZS     10,220,000       886  
8.950%, 07/24/2029       $ 500       528  
Uzbekneftegaz JSC                    
8.750%, 05/07/2030         1,000       1,055  
4.750%, 11/16/2028         772       737  
                  12,583  
Venezuela — 1.9%                    
La Electricidad de Caracas                    
8.500%, 12/31/2059(G)         1,479       445  
Petroleos de Venezuela                    
12.750%, 02/17/2022(G)         1,800       815  
9.750%, 05/17/2035(G)         11,310       4,697  
9.000%, 11/17/2021(G)         5,300       2,027  
6.000%, 10/28/2022(G)         1,800       536  
6.000%, 11/15/2026(G)         178       61  
6.000%, 05/16/2034(G)         3,767       1,287  
5.500%, 04/12/2037(G)         1,444       483  
5.375%, 04/12/2027(G)         3,506       1,165  
Venezuela Government International Bond                    
12.750%, 08/23/2022(G)         3,710       1,864  
8.250%, 12/05/2026(G)         1,904       812  
7.750%, 10/13/2029(G)         9,140       3,725  
                  17,917  

 

 

52 SEI Institutional International Trust
 
 

 

        Face Amount     Market Value  
Description       (Thousands)     ($ Thousands)  
GLOBAL BONDS (continued)                    
Vietnam — 0.1%                    
Mong Duong Finance Holdings BV                    
5.125%, 05/07/2029(A)       $ 681     $ 670  
                     
Zambia — 0.2%                    
Zambia Government Bond                    
20.000%, 06/23/2040   ZMW     1,186       69  
19.000%, 08/18/2035         2,372       135  
17.190%, 01/26/2036         4,745       253  
10.000%, 06/26/2026         729       38  
Zambia Government International Bond                    
5.750%, 06/30/2033(B)       $ 1,119       1,049  
                  1,544  
Total Global Bonds                    
(Cost $833,892)
($ Thousands)
                849,956  
                     
U.S. TREASURY OBLIGATIONS — 2.2%                    
U.S. Treasury Bill                    
3.652%, 04/16/2026 (F)         3,800       3,794  
3.632%, 06/11/2026 (F)         3,400       3,376  
3.625%, 04/21/2026 (F)         1,000       998  
U.S. Treasury Note                    
3.843%, USBMMY3M + 0.190%, 10/31/2027 (C)         3,000       3,004  
3.752%, USBMMY3M + 0.099%, 01/31/2028 (C)         5,500       5,500  
3.125%, 08/31/2029         3,500       3,417  
                     
Total U.S. Treasury Obligations                    
(Cost $19,997) ($ Thousands)                 20,089  
                     
LOAN PARTICIPATIONS — 0.9%                    
Cote d'Ivoire — 0.5%                    
Republic of Cote d'Ivoire                    
0.000%, 03/09/2027         2,210       2,540  
Republic of Cote d'Ivoire, First Lien                    
4.991%, 07/14/2026 (H)         1,972       2,272  
                  4,812  
Russia — 0.1%                    
SRBIJA                    
7.972%, 06/13/2029 (H)         1,000       1,141  
                     
Tanzania — 0.3%                    
United Republic of Tanzania, First Lien                    
9.135%, 04/28/2031 (H)         260       257  
 

    Face Amount     Market Value  
Description   (Thousands)     ($ Thousands)  
LOAN PARTICIPATIONS (continued)                
8.827%, 01/15/2032     2,375     $ 2,364  
              2,621  
Total Loan Participations                
(Cost $8,552) ($ Thousands)             8,574  
                 
PURCHASED OPTIONS — 0.1%                
Total Purchased Options                
(Cost $958) ($ Thousands)             623  
                 
Total Investments in Securities — 93.9%                
(Cost $863,399) ($ Thousands)           $ 879,242  
                 
WRITTEN OPTIONS — (0.1)%                
Total Written Options                
(Premiums Received $608) ($ Thousands)           $ (601 )

 

 

SEI Institutional International Trust 53
 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Debt Fund (Continued)

 

A list of open exchange traded options contracts for the Fund at March 31, 2026, is as follows:

 

Description   Number of Contracts     Notional Amount
(Thousands)
    Exercise Price     Expiration Date   Value
(Thousands)
 
PURCHASED OPTIONS — 0.1%                                    
Put Options                                    
EUR PUT/HUF CALL     180,000     $ 67,500     $ 375.00     5/16/2026   $ 64  
EUR PUT/HUF CALL     180,000       67,500       375.00     5/16/2026     63  
EUR PUT/HUF CALL     180,000       66,600       370.00     5/16/2026     46  
EUR PUT/HUF CALL     180,000       66,600       370.00     4/18/2026     43  
EUR PUT/HUF CALL     180,000       65,700       365.00     5/16/2026     30  
EUR PUT/HUF CALL     180,000       65,700       365.00     5/16/2026     29  
EUR PUT/HUF CALL     170,000       61,200       360.00     6/20/2026     18  
EUR PUT/HUF CALL     170,000       61,200       360.00     6/20/2026     19  
USD PUT/BRL CALL     6,900,000       21,390       3.10     4/18/2026     25  
USD PUT/BRL CALL     3,400,000       2,913,800       857.00     5/16/2026     7  
USD PUT/BRL CALL     3,300,000       2,722,500       825.00     5/16/2026     1  
USD PUT/CLP CALL     7,400,000       654,900       88.50     5/16/2026     1  
USD PUT/HUF CALL     6,600,000       600,600       91.00     8/22/2026     16  
USD PUT/HUF CALL     730,000       89,060       122.00     7/18/2026     1  
USD PUT/INR CALL     6,800,000       9,792,000       1,440.00     4/18/2026     7  
USD PUT/INR CALL     6,900,000       118,335       17.15     7/18/2026     36  
USD PUT/MXN CALL     7,000,000       111,650       15.95     5/16/2026     14  
USD PUT/PLN CALL     3,400,000       53,890       15.85     8/22/2026     20  
USD PUT/ZAR CALL     170,000       2,635       15.50     5/16/2026     5  
USD PUT/ZAR CALL     3,300,000       58,021       17.58     12/19/2026     178  
              17,660,781                   623  
                                     
Total Purchased Options           $ 17,660,781                 $ 623  
WRITTEN OPTIONS — (0.1)%                                    
Put Options                                    
USD CALL/CLP PUT     (10,350,000 )   $ (31,050 )     3.00     04/18/2026   $ (3 )
USD PUT/CLP CALL     (11,100,000 )     (949,050 )     85.50     05/16/2026      
USD PUT/HUF CALL     (9,900,000 )     (881,100 )     89.00     08/22/2026     (8 )
USD PUT/INR CALL     (8,500,000 )     (11,900,000 )     1,400.00     04/18/2026     (1 )
USD PUT/INR CALL     (6,900,000 )     (119,370 )     17.30     05/16/2026     (18 )
USD PUT/PLN CALL     (3,400,000 )     (51,680 )     15.20     08/22/2026     (5 )
USD PUT/ZAR CALL     (8,400,000 )     (130,620 )     15.55     05/16/2026     (4 )
              (14,062,870 )                 (39 )
                                     
Call Options                                    
EUR PUT/HUF CALL     (6,900,000 )     (38,295 )     5.55     04/18/2026     (23 )
EUR PUT/HUF CALL     (3,300,000 )     (2,953,500 )     895.00     05/16/2026     (135 )
USD CALL/BRL PUT     (1,700,000 )     (1,581,000 )     930.00     10/17/2026     (67 )
USD CALL/CLP PUT     (3,300,000 )     (310,200 )     94.00     08/22/2026     (78 )
USD PUT/BRL CALL     (6,650,000 )     (27,265,000 )     4,100.00     08/22/2026     (96 )
USD PUT/ILS CALL     (1,700,000 )     (2,550,000 )     1,500.00     04/18/2026     (28 )
USD PUT/INR CALL     (1,700,000 )     (29,750 )     17.50     10/17/2026     (61 )
USD PUT/JPY CALL     (1,700,000 )     (28,560 )     16.80     08/22/2026     (74 )
              (34,756,305 )                 (562 )
                                     
Total Written Options           $ (48,819,175 )               $ (601 )

 

 

54 SEI Institutional International Trust

 
 

A list of the open futures contracts held by the Fund at March 31, 2026, is as follows:

 

Type of Contract   Number of Contracts     Expiration Date   Notional Amount (Thousands)     Value (Thousands)     Unrealized Appreciation(Thousands)  
Short Contracts                                    
Euro-SCHATZ     (7)     Jun-2026   $ (864 )   $ (853 )   $ 6  
U.S. 2-Year Treasury Notes     (11)     Jun-2026     (2,297 )     (2,281 )     16  
U.S. 5-Year Treasury Notes     (59)     Jun-2026     (6,472 )     (6,382 )     90  
U.S. 10-Year Treasury Notes     (11)     Jun-2026     (1,245 )     (1,222 )     23  
Ultra 10-Year U.S. Treasury Notes     (2)     Jun-2026     (232 )     (227 )     5  
                $ (11,110 )   $ (10,965 )   $ 140  

 

A list of the open forward foreign currency contracts held by the Fund at March 31, 2026, is as follows:

 

Counterparty   Settlement Date     Currency to Deliver (Thousands)     Currency to Receive (Thousands)     Unrealized
Appreciation
(Depreciation)
(Thousands)
 
Bank of America   04/02/26     EUR 755     HUF 292,050     $ 2  
Bank of America   04/06/26     BRL 5,827     USD 1,050       (65 )
Bank of America   04/16/26     EUR 1,500     RON 7,700       9  
Bank of America   04/24/26     USD 501     ZAR 8,171       (24 )
Bank of America   05/04/26     BRL 7,146     USD 1,345       (15 )
Bank of America   05/11/26     USD 1,426     HUF 490,228       33  
Bank of America   05/13/26     CLP 1,242,650     USD 1,450       117  
Bank of America   05/28/26     USD 1,187     ZAR 18,927       (85 )
Bank of America   06/05/26     RON 3,666     EUR 712       (4 )
Bank of America   06/17/26     USD 52     COP 193,837       1  
Bank of America   06/17/26     USD 714     PLN 2,637       (7 )
Bank of America   06/17/26     USD 738     CZK 15,438       (13 )
Bank of America   06/17/26     USD 1,077     CLP 992,818       (12 )
Bank of America   06/17/26     USD 1,798     HUF 603,570       (5 )
Bank of America   06/17/26     USD 3,151     PEN 11,047       4  
Bank of America   06/17/26     USD 3,424     KRW 5,083,427       (83 )
Bank of America   06/17/26     PEN 2,895     USD 842       15  
Bank of America   06/17/26     PEN 1,827     USD 520       (1 )
Bank of America   06/17/26     CZK 5,236     USD 247       1  
Bank of America   06/17/26     USD 8,459     CNY 58,138        
Bank of America   06/17/26     USD 9,569     MXN 171,982       (100 )
Bank of America   06/17/26     PLN 10,379     USD 2,783       (1 )
Bank of America   06/17/26     THB 56,160     USD 1,723       8  
Bank of America   06/17/26     INR 80,901     USD 866       18  
Bank of America   06/17/26     KRW 1,274,394     USD 845       7  
Bank of America   06/17/26     IDR 23,044,744     USD 1,355        
Bank of America   08/25/26     INR 151,916     USD 1,650       71  
Barclays PLC   04/02/26     USD 1,332     RON 5,891       (1 )
Barclays PLC   04/02/26     USD 11,017     BRL 57,209       (61 )
Barclays PLC   04/15/26     GBP 4,150     USD 5,586       114  
Barclays PLC   04/30/26     USD 1,185     TRY 54,900       1  
Barclays PLC   05/05/26     RON 510     USD 115        
Barclays PLC   06/17/26     ZAR 31,983     USD 1,897       39  
Barclays PLC   12/03/26     USD 383     ZAR 6,400       (17 )
Barclays PLC   12/03/26     ZAR 6,600     USD 396       18  

 

 

SEI Institutional International Trust 55

 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Debt Fund (Continued)

 

Counterparty   Settlement Date     Currency to Deliver (Thousands)     Currency to Receive (Thousands)     Unrealized
Appreciation
(Depreciation)
(Thousands)
 
BBVA Securities Inc.   06/17/26     COP 2,260,000     USD 608     $  
BNP Paribas   06/05/26     RON 9,166     EUR 1,779       (10 )
BNP Paribas   06/17/26     PEN 6,257     USD 1,827       40  
BNP Paribas   12/03/26     ZAR 2,740     USD 163       6  
Citigroup   04/02/26     USD 6,289     BRL 32,627       (41 )
Citigroup   04/30/26     EGP 8,991     USD 181       22  
Citigroup   06/17/26     PEN 1,173     USD 342       7  
Citigroup   06/17/26     USD 1,539     PEN 5,400       4  
Deutsche Bank   04/01/26     EUR 1,141     USD 1,342       28  
Deutsche Bank   04/01/26     USD 1,328     EUR 1,120       (38 )
Deutsche Bank   04/01/26     USD 1,340     HUF 455,699       19  
Deutsche Bank   04/01/26     HUF 447,440     USD 1,328       (7 )
Deutsche Bank   04/02/26     BRL 95     USD 18        
Deutsche Bank   04/02/26     USD 208     BRL 1,100       3  
Deutsche Bank   04/08/26     EUR 690     USD 806       11  
Deutsche Bank   04/08/26     USD 810     EUR 690       (15 )
Deutsche Bank   04/08/26     USD 824     HUF 276,228        
Deutsche Bank   04/08/26     BRL 1,852     USD 350       (4 )
Deutsche Bank   04/08/26     HUF 276,228     USD 810       (13 )
Deutsche Bank   04/14/26     USD 116     EUR 100       (1 )
Deutsche Bank   04/24/26     ZAR 9,736     USD 578       10  
Deutsche Bank   04/27/26     KRW 2,340,000     USD 1,600       65  
Deutsche Bank   04/30/26     KZT 1,087,740     USD 2,229       (30 )
Deutsche Bank   05/05/26     EUR 1,440     HUF 555,617       (7 )
Deutsche Bank   05/05/26     HUF 555,617     EUR 1,440       7  
Deutsche Bank   05/06/26     USD 1,400     PLN 5,002       (58 )
Deutsche Bank   05/06/26     PLN 6,164     USD 1,675       21  
Deutsche Bank   05/08/26     INR 155,034     USD 1,740       104  
Deutsche Bank   05/11/26     EUR 1,243     HUF 478,303       (11 )
Deutsche Bank   05/11/26     USD 1,421     EUR 1,188       (49 )
Deutsche Bank   05/11/26     HUF 490,228     USD 1,421       (39 )
Deutsche Bank   05/11/26     HUF 500,237     EUR 1,300       11  
Deutsche Bank   05/11/26     NGN 1,118,110     USD 796       1  
Deutsche Bank   05/20/26     USD 854     CLP 737,989       (63 )
Deutsche Bank   05/20/26     CLP 1,326,054     USD 1,496       73  
Deutsche Bank   05/26/26     EUR 1,188     USD 1,405       33  
Deutsche Bank   05/26/26     USD 1,406     EUR 1,188       (34 )
Deutsche Bank   05/26/26     USD 1,453     HUF 483,991       (14 )
Deutsche Bank   05/26/26     HUF 483,991     USD 1,406       (33 )
Deutsche Bank   05/28/26     USD 542     ZAR 8,673       (37 )
Deutsche Bank   05/28/26     ZAR 20,525     USD 1,258       64  
Deutsche Bank   06/11/26     USD 565     UZS 7,004,580       10  
Deutsche Bank   06/17/26     USD 34     PEN 118        
Deutsche Bank   06/17/26     USD 191     ZAR 3,195       (6 )
Deutsche Bank   06/17/26     CNY 359     USD 53        
Deutsche Bank   06/17/26     USD 607     IDR 10,257,812       (4 )
Deutsche Bank   06/17/26     USD 842     EUR 723       (6 )
Deutsche Bank   06/17/26     USD 1,310     MXN 23,335       (25 )
Deutsche Bank   06/17/26     EUR 1,483     USD 1,715        
Deutsche Bank   06/17/26     EUR 739     USD 852       (3 )

 

 

56 SEI Institutional International Trust
 
 

Counterparty   Settlement Date     Currency to Deliver (Thousands)     Currency to Receive (Thousands)     Unrealized
Appreciation
(Depreciation)
(Thousands)
 
Deutsche Bank   06/17/26     USD 2,584     HUF 884,722     $ 44  
Deutsche Bank   06/17/26     USD 6,533     INR 608,590       (154 )
Deutsche Bank   06/17/26     MXN 54,973     USD 3,070       43  
Deutsche Bank   06/17/26     INR 9,814     USD 106       3  
Deutsche Bank   06/17/26     INR 81,265     USD 848       (4 )
Deutsche Bank   06/17/26     HUF 287,054     USD 850       (2 )
Deutsche Bank   06/17/26     IDR 1,727,368     USD 102        
Deutsche Bank   06/17/26     IDR 14,553,139     USD 855       (1 )
Deutsche Bank   06/25/26     USD 523     UZS 6,500,000       10  
Deutsche Bank   07/01/26     USD 1,090     JPY 164,479       (48 )
Deutsche Bank   07/01/26     JPY 121,519     USD 876       106  
Deutsche Bank   07/09/26     JPY 420,952     USD 2,670       1  
Deutsche Bank   08/13/26     USD 370     ZAR 5,960       (25 )
Deutsche Bank   11/20/26     USD 582     UZS 7,547,205       37  
Deutsche Bank   01/12/27     EGP 47,600     USD 883       120  
Deutsche Bank   05/12/27     USD 694     UZS 9,331,000       71  
Deutsche Bank   07/16/27     USD 684     UZS 8,986,987       53  
Deutsche Bank   07/20/27     USD 318     UZS 4,167,205       23  
Deutsche Bank   12/13/27     USD 572     UZS 7,913,928       77  
Goldman Sachs   04/02/26     USD 12,012     BRL 62,856       25  
Goldman Sachs   04/02/26     USD 69     BRL 361        
Goldman Sachs   04/02/26     BRL 285     USD 55        
Goldman Sachs   04/02/26     BRL 59,888     USD 11,382       (86 )
Goldman Sachs   04/06/26     USD 323     BRL 1,766       15  
Goldman Sachs   04/30/26     USD 471     TRY 21,700       (2 )
Goldman Sachs   05/05/26     USD 9,462     BRL 50,111       69  
Goldman Sachs   05/28/26     USD 1,033     ZAR 16,725       (60 )
Goldman Sachs   06/17/26     USD 34     ILS 106       (1 )
Goldman Sachs   06/17/26     USD 37     TRY 1,794        
Goldman Sachs   06/17/26     USD 51     CLP 46,737       (1 )
Goldman Sachs   06/17/26     USD 68     RON 301        
Goldman Sachs   06/17/26     ILS 107     USD 35       1  
Goldman Sachs   06/17/26     USD 119     ZAR 2,044       (1 )
Goldman Sachs   06/17/26     USD 189     PEN 660        
Goldman Sachs   06/17/26     USD 220     CZK 4,608       (3 )
Goldman Sachs   06/17/26     USD 284     IDR 4,820,280        
Goldman Sachs   06/17/26     PLN 465     USD 126       1  
Goldman Sachs   06/17/26     RON 712     USD 161       1  
Goldman Sachs   06/17/26     TRY 1,837     USD 37        
Goldman Sachs   06/17/26     USD 2,007     HUF 695,086       58  
Goldman Sachs   06/17/26     USD 9,297     INR 864,370       (238 )
Goldman Sachs   06/17/26     INR 24,011     USD 254       2  
Goldman Sachs   06/17/26     ZAR 97,469     USD 5,780       118  
Goldman Sachs   06/17/26     MXN 97,528     USD 5,475       105  
Goldman Sachs   06/17/26     COP 192,208     USD 51       (1 )
HSBC   04/02/26     USD 448     PLN 1,600       (19 )
HSBC   04/02/26     USD 1,727     INR 157,541       (66 )
HSBC   04/02/26     INR 313,282     USD 3,336       33  
HSBC   04/30/26     TRY 3,250     USD 71        
HSBC   05/13/26     USD 128     TRY 5,950       (1 )

 

 

 

SEI Institutional International Trust 57

 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Debt Fund (Continued)

  

Counterparty   Settlement Date     Currency to Deliver (Thousands)     Currency to Receive (Thousands)     Unrealized
Appreciation
(Depreciation)
(Thousands)
 
HSBC   06/05/26     RON 3,666     EUR 711     $ (4 )
HSBC   06/10/26     USD 117     TRY 5,700       2  
HSBC   06/17/26     USD 243     ZAR 4,100       (5 )
HSBC   06/17/26     USD 1,904     PEN 6,595       (21 )
HSBC   06/17/26     USD 5,315     INR 499,797       (76 )
HSBC   06/17/26     THB 6,450     USD 197        
HSBC   06/17/26     ZAR 35,715     USD 2,119       45  
HSBC   12/03/26     USD 158     ZAR 2,700       (4 )
HSBC   12/03/26     ZAR 1,800     USD 111       8  
ICBC Financial Services   04/30/26     USD 1,231     KZT 676,599       174  
ICBC Financial Services   04/30/26     EGP 2,004     USD 40       5  
ICBC Financial Services   07/14/26     EGP 54,000     USD 1,068       140  
ICBC Financial Services   11/13/26     USD 1,573     KZT 930,000       240  
ICBC Financial Services   01/28/27     KES 23,700     USD 169       (10 )
JPMorgan Chase Bank   04/02/26     USD 52     BRL 272        
JPMorgan Chase Bank   04/02/26     USD 36     BRL 189        
JPMorgan Chase Bank   04/02/26     USD 509     KZT 255,800       28  
JPMorgan Chase Bank   04/02/26     RON 4,152     USD 960       22  
JPMorgan Chase Bank   04/06/26     USD 1,061     BRL 5,578       6  
JPMorgan Chase Bank   04/07/26     USD 3,500     THB 110,739       (141 )
JPMorgan Chase Bank   04/07/26     THB 110,739     USD 3,376       17  
JPMorgan Chase Bank   04/10/26     USD 3,307     IDR 55,933,282       (15 )
JPMorgan Chase Bank   04/10/26     IDR 51,125,060     USD 3,031       22  
JPMorgan Chase Bank   04/13/26     USD 140     COP 519,778       2  
JPMorgan Chase Bank   04/13/26     USD 166     PEN 575       (2 )
JPMorgan Chase Bank   04/13/26     USD 826     HUF 273,481       (11 )
JPMorgan Chase Bank   04/13/26     PEN 14,803     USD 4,342       102  
JPMorgan Chase Bank   04/13/26     COP 14,283,809     USD 3,723       (172 )
JPMorgan Chase Bank   04/14/26     USD 81     GHS 1,019       11  
JPMorgan Chase Bank   04/14/26     USD 461     EUR 400       1  
JPMorgan Chase Bank   04/14/26     USD 417     EUR 360       (1 )
JPMorgan Chase Bank   04/14/26     JPY 28,800     USD 184       3  
JPMorgan Chase Bank   04/16/26     USD 1,118     KRW 1,646,000       (41 )
JPMorgan Chase Bank   04/16/26     EGP 81,635     USD 1,591       121  
JPMorgan Chase Bank   04/22/26     USD 973     INR 90,126       (21 )
JPMorgan Chase Bank   04/24/26     USD 356     ZAR 5,916       (11 )
JPMorgan Chase Bank   04/27/26     EUR 1,498     RSD 176,800       8  
JPMorgan Chase Bank   04/27/26     RSD 176,800     EUR 1,505        
JPMorgan Chase Bank   04/30/26     USD 523     KZT 255,800       8  
JPMorgan Chase Bank   04/30/26     EUR 1,572     RSD 185,450       7  
JPMorgan Chase Bank   04/30/26     EUR 1,505     RSD 176,800        
JPMorgan Chase Bank   04/30/26     EGP 43,505     USD 878       107  
JPMorgan Chase Bank   04/30/26     KZT 225,000     USD 459       (8 )
JPMorgan Chase Bank   04/30/26     RSD 362,250     EUR 3,075       (10 )
JPMorgan Chase Bank   05/04/26     USD 1,673     BRL 8,835       8  
JPMorgan Chase Bank   05/04/26     USD 3,590     PHP 212,105       (102 )
JPMorgan Chase Bank   05/04/26     EGP 63,500     USD 1,282       159  
JPMorgan Chase Bank   05/05/26     USD 68     BRL 359       1  
JPMorgan Chase Bank   05/05/26     USD 630     BRL 3,300       (3 )
JPMorgan Chase Bank   05/06/26     USD 3,517     THB 110,739       (149 )

 

 

58 SEI Institutional International Trust

 
 

Counterparty   Settlement Date     Currency to Deliver (Thousands)     Currency to Receive (Thousands)     Unrealized
Appreciation
(Depreciation)
(Thousands)
 
JPMorgan Chase Bank   05/11/26     USD 52     ZAR 849     $ (3 )
JPMorgan Chase Bank   05/11/26     USD 160     MXN 2,866       (1 )
JPMorgan Chase Bank   05/11/26     EUR 712     USD 836       14  
JPMorgan Chase Bank   05/11/26     USD 771     PLN 2,875        
JPMorgan Chase Bank   05/11/26     EUR 1,737     RSD 204,710       6  
JPMorgan Chase Bank   05/11/26     PLN 17,172     USD 4,852       245  
JPMorgan Chase Bank   05/11/26     PLN 2,305     USD 618        
JPMorgan Chase Bank   05/11/26     ZAR 128,679     USD 8,096       600  
JPMorgan Chase Bank   05/11/26     MXN 152,268     USD 8,811       399  
JPMorgan Chase Bank   05/12/26     USD 9,996     KRW 14,494,202       (480 )
JPMorgan Chase Bank   05/12/26     KRW 10,488,060     USD 7,146       260  
JPMorgan Chase Bank   06/01/26     USD 423     PHP 24,651       (19 )
JPMorgan Chase Bank   06/08/26     USD 748     BRL 3,925       (7 )
JPMorgan Chase Bank   06/08/26     CNY 1,413     USD 206        
JPMorgan Chase Bank   06/08/26     BRL 1,644     USD 309       (2 )
JPMorgan Chase Bank   06/08/26     USD 4,925     HUF 1,575,570       (242 )
JPMorgan Chase Bank   06/08/26     USD 12,603     CNY 85,621       (154 )
JPMorgan Chase Bank   06/08/26     ZAR 33,764     USD 2,097       134  
JPMorgan Chase Bank   06/09/26     USD 41     BDT 5,111       1  
JPMorgan Chase Bank   06/11/26     USD 109     UZS 1,340,000       1  
JPMorgan Chase Bank   06/17/26     USD 69     THB 2,246       (1 )
JPMorgan Chase Bank   06/17/26     USD 85     CNY 584        
JPMorgan Chase Bank   06/17/26     USD 1,582     JPY 251,250       8  
JPMorgan Chase Bank   06/17/26     USD 23     JPY 3,572        
JPMorgan Chase Bank   06/17/26     USD 2,397     HUF 819,380       36  
JPMorgan Chase Bank   06/17/26     USD 4,823     MXN 86,779       (45 )
JPMorgan Chase Bank   06/17/26     EUR 8,138     USD 9,461       53  
JPMorgan Chase Bank   06/17/26     ILS 10,433     USD 3,365       52  
JPMorgan Chase Bank   06/17/26     PEN 11,732     USD 3,420       70  
JPMorgan Chase Bank   06/17/26     CZK 17,976     USD 845        
JPMorgan Chase Bank   06/17/26     MXN 48,448     USD 2,716       49  
JPMorgan Chase Bank   06/17/26     TRY 101,273     USD 2,105       18  
JPMorgan Chase Bank   06/17/26     CLP 3,141,648     USD 3,437       67  
JPMorgan Chase Bank   06/17/26     KRW 3,922,638     USD 2,576       (2 )
JPMorgan Chase Bank   06/17/26     COP 33,780,998     USD 8,773       (306 )
JPMorgan Chase Bank   06/18/26     USD 2,520     ARS 3,815,519       101  
JPMorgan Chase Bank   07/01/26     USD 870     JPY 121,519       (100 )
JPMorgan Chase Bank   07/06/26     USD 3,389     THB 110,739       (4 )
JPMorgan Chase Bank   07/07/26     UZS 4,588,247     USD 374       (2 )
JPMorgan Chase Bank   07/31/26     USD 1,960     INR 183,200       (50 )
JPMorgan Chase Bank   08/10/26     USD 611     ARS 1,007,000       56  
JPMorgan Chase Bank   08/24/26     USD 1,970     ARS 3,089,012       55  
JPMorgan Chase Bank   09/09/26     USD 123     BDT 15,549       4  
JPMorgan Chase Bank   09/16/26     USD 270     TRY 13,820       (10 )
JPMorgan Chase Bank   09/21/26     USD 81     BDT 10,251       2  
JPMorgan Chase Bank   10/13/26     USD 395     BDT 49,900       10  
JPMorgan Chase Bank   10/20/26     USD 1,028     EGP 54,051       (134 )
JPMorgan Chase Bank   10/22/26     USD 195     BDT 24,600       5  
JPMorgan Chase Bank   11/19/26     USD 403     ARS 671,234       12  
JPMorgan Chase Bank   12/03/26     USD 105     ZAR 1,800       (2 )

 

 

SEI Institutional International Trust 59

 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Debt Fund (Continued)

 

Counterparty   Settlement Date     Currency to Deliver (Thousands)     Currency to Receive (Thousands)     Unrealized
Appreciation
(Depreciation)
(Thousands)
 
JPMorgan Chase Bank   12/03/26     ZAR 3,890     USD 238     $ 16  
JPMorgan Chase Bank   12/15/26     USD 127     AZN 228       7  
JPMorgan Chase Bank   12/23/26     USD 1,610     ARS 2,762,463       55  
JPMorgan Chase Bank   01/29/27     KES 24,640     USD 175       (10 )
JPMorgan Chase Bank   02/10/27     USD 522     ARS 948,795       32  
JPMorgan Chase Bank   08/25/27     USD 825     AMD 324,100       7  
JPMorgan Chase Bank   11/14/28     USD 447     AMD 187,640       23  
Morgan Stanley   04/02/26     BRL 369     USD 70        
Morgan Stanley   04/06/26     USD 359     BRL 1,907       6  
Morgan Stanley   04/06/26     BRL 3,623     USD 651       (42 )
Morgan Stanley   04/14/26     EUR 17,800     USD 20,886       363  
Morgan Stanley   04/14/26     JPY 253,200     USD 1,616       22  
Morgan Stanley   04/15/26     USD 670     GBP 500       (10 )
Morgan Stanley   04/16/26     USD 117     KRW 172,000       (4 )
Morgan Stanley   04/24/26     INR 78,205     USD 831       5  
Morgan Stanley   04/30/26     USD 753     ZAR 12,100       (47 )
Morgan Stanley   05/05/26     USD 507     PEN 1,700       (20 )
Morgan Stanley   05/11/26     COP 2,869,000     USD 771       (6 )
Morgan Stanley   05/20/26     USD 449     CLP 388,959       (31 )
Morgan Stanley   06/17/26     USD 52     MXN 939       (1 )
Morgan Stanley   06/17/26     USD 105     CLP 95,169       (3 )
Morgan Stanley   06/17/26     USD 304     HUF 102,856       2  
Morgan Stanley   06/17/26     USD 779     CZK 16,387       (10 )
Morgan Stanley   06/17/26     EUR 1,489     USD 1,729       7  
Morgan Stanley   06/17/26     USD 4,373     EGP 233,147       (323 )
Morgan Stanley   06/17/26     PLN 11,754     USD 3,180       27  
Morgan Stanley   06/17/26     RON 12,091     USD 2,747       25  
Morgan Stanley   06/17/26     ZAR 3,009     USD 180       6  
Morgan Stanley   06/17/26     ZAR 14,691     USD 850       (3 )
Morgan Stanley   11/13/26     USD 853     KZT 503,900       129  
Morgan Stanley   12/03/26     ZAR 1,450     USD 84       1  
Morgan Stanley   12/03/26     ZAR 31,160     USD 1,774       (10 )
Nomura Securities   06/17/26     USD 370     INR 35,200       (1 )
RBC   06/17/26     PEN 978     USD 285       6  
SCB Securities   04/02/26     PLN 420     EUR 98       1  
SCB Securities   04/02/26     RON 774     USD 179       4  
SCB Securities   04/02/26     EUR 775     PLN 3,275       (15 )
SCB Securities   04/02/26     CZK 1,550     EUR 64       1  
SCB Securities   04/02/26     USD 1,706     INR 155,741       (64 )
SCB Securities   04/02/26     RON 3,105     EUR 607       (2 )
SCB Securities   04/02/26     USD 8,591     CZK 176,215       (326 )
SCB Securities   04/02/26     USD 13,720     PLN 49,021       (571 )
SCB Securities   04/24/26     USD 5,011     INR 471,500       (31 )
SCB Securities   04/24/26     INR 355,885     USD 3,781       22  
SCB Securities   05/05/26     USD 404     RON 1,792        
SCB Securities   05/05/26     EUR 431     PLN 1,855        
SCB Securities   05/05/26     CZK 1,550     EUR 63        
SCB Securities   05/05/26     RON 2,235     EUR 437        
SCB Securities   05/05/26     EUR 3,448     HUF 1,338,900       8  
SCB Securities   05/05/26     USD 8,268     CZK 176,215       3  

 

 

60 SEI Institutional International Trust

 
 

 

Counterparty   Settlement Date     Currency to Deliver (Thousands)     Currency to Receive (Thousands)     Unrealized
Appreciation
(Depreciation)
(Thousands)
 
SCB Securities   05/05/26     USD 13,578     PLN 50,621     $ 3  
SCB Securities   05/11/26     RSD 48,330     EUR 410       (1 )
SCB Securities   05/11/26     NGN 1,466,890     USD 1,032       (11 )
SCB Securities   06/03/26     USD 411     AZN 725       15  
SCB Securities   06/10/26     USD 1,038     TRY 50,772       15  
SCB Securities   06/17/26     USD 1,149     COP 4,344,111       19  
SCB Securities   06/17/26     USD 1,902     ZAR 32,400       (20 )
SCB Securities   06/17/26     USD 5,294     EUR 4,590       13  
SCB Securities   06/17/26     USD 66     EUR 57        
SCB Securities   06/17/26     ZAR 8,202     USD 492       16  
SCB Securities   06/17/26     EUR 57     USD 66        
SCB Securities   06/17/26     EUR 8,827     USD 10,182       (24 )
SCB Securities   06/17/26     PEN 20,941     USD 6,093       113  
SCB Securities   06/17/26     INR 471,500     USD 4,985       43  
SCB Securities   08/10/26     USD 119     BDT 15,180       5  
SCB Securities   12/03/26     USD 402     ZAR 6,600       (24 )
SCB Securities   12/03/26     ZAR 4,200     USD 254       13  
SCB Securities   01/12/27     EGP 23,800     USD 442       60  
SCB Securities   01/28/27     USD 364     KES 49,280       6  
SCB Securities   01/28/27     KES 25,580     USD 182       (10 )
SCB Securities   01/29/27     USD 182     KES 24,640       3  
Societe Generale   04/02/26     EUR 170     RON 870        
Societe Generale   04/02/26     HUF 583,000     EUR 1,491       (21 )
Societe Generale   04/30/26     USD 979     KZT 551,020       165  
Societe Generale   04/30/26     KZT 450,850     USD 864       (72 )
Societe Generale   05/05/26     USD 18,245     BRL 96,082       31  
Societe Generale   05/08/26     USD 1,080     KZT 603,033       169  
Societe Generale   06/05/26     RON 3,835     EUR 743       (5 )
Societe Generale   06/17/26     USD 2,605     THB 83,880       (45 )
Societe Generale   06/17/26     PEN 6,783     USD 1,970       33  
Societe Generale   07/14/26     EGP 44,100     USD 873       115  
Societe Generale   11/12/26     USD 998     KZT 588,468       150  
Societe Generale   01/12/27     EGP 34,600     USD 644       89  
Standard Bank   04/02/26     BRL 3,040     USD 587       5  
Standard Bank   04/08/26     USD 353     BRL 1,852       1  
Standard Bank   05/04/26     BRL 2,051     USD 389       (2 )
Standard Bank   05/08/26     INR 8,544     USD 95       5  
Standard Bank   06/17/26     USD 104     INR 9,848       (1 )
Standard Bank   06/17/26     USD 234     CZK 4,956       (1 )
Standard Bank   06/17/26     PEN 373     USD 107       1  
Standard Bank   06/17/26     PEN 1,827     USD 521       (1 )
Standard Bank   06/17/26     USD 4,283     CNY 29,379       (8 )
Standard Bank   06/17/26     USD 6,139     THB 195,683       (166 )
Standard Bank   06/17/26     EGP 21,755     USD 378        
Standard Bank   06/17/26     EGP 21,773     USD 378        
Standard Bank   06/17/26     INR 164,135     USD 1,733       12  
Standard Bank   06/17/26     PHP 352,679     USD 5,911       128  
Standard Bank   06/18/26     USD 2,815     MYR 11,145       (54 )
Standard Bank   06/18/26     MYR 6,928     USD 1,751       34  
TD Securities   04/02/26     EUR 3,517     HUF 1,330,000       (84 )

 

 

SEI Institutional International Trust 61

 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Debt Fund (Continued)

 

Counterparty   Settlement Date     Currency to Deliver (Thousands)     Currency to Receive (Thousands)     Unrealized
Appreciation
(Depreciation)
(Thousands)
 
TD Securities   06/05/26     RON 3,666     EUR 711     $ (4 )
UBS   04/02/26     BRL 2,500     USD 480       1  
UBS   04/02/26     USD 175     BRL 925       2  
UBS   04/02/26     USD 2,882     BRL 14,966       (16 )
UBS   04/24/26     INR 37,409     USD 397       2  
UBS   05/05/26     USD 1,565     BRL 8,245       3  
UBS   06/17/26     USD 267     PEN 925       (2 )
UBS   06/17/26     USD 1,315     MXN 23,750       (8 )
UBS   06/17/26     MXN 15,700     USD 861       (3 )
Wells Fargo   04/02/26     PLN 1,000     EUR 234       2  
Wells Fargo   05/05/26     HUF 60,400     USD 180        
Wells Fargo   06/17/26     USD 141     THB 4,600        
Wells Fargo   12/03/26     USD 109     ZAR 1,800       (6 )
                          $ 1,323  

 

A list of the open OTC swap agreements held by the Fund at March 31, 2026, is as follows:

 

Credit Default Swaps  
Counterparty   Reference Entity/ Obligation   Buy/Sell
Protection
  (Pays)/Receives
Rate
    Payment
Frequency
  Termination
Date
  Notional
Amount
(Thousands)
    Value
(Thousands)
    Upfront
Payments/
Receipts
(Thousands)
    Net Unrealized
Appreciation
(Depreciation)
(Thousands)
 
Morgan Stanley   COLOMBIA   Buy     1.00 %   Quarterly   12/20/2026   $ 4,300     $ (5 )   $ (4 )   $ (1 )
Morgan Stanley   EGYPT   Buy     1.00 %   Quarterly   12/20/2028     500       31       102       (71 )
Bank of America   ISRAEL   Buy     1.00 %   Quarterly   12/20/2029     900       (11 )     14       (25 )
JPMorgan Chase   ISRAEL   Buy     1.00 %   Quarterly   12/20/2029     300       (3 )     4       (7 )
Morgan Stanley   MEXICO   Buy     1.00 %   Quarterly   12/20/2029     4,800       (29 )     29       (58 )
JPMorgan Chase   SOUTH AFRICA   Buy     1.00 %   Quarterly   12/20/2026     3,300       (8 )     (8 )      
Morgan Stanley   SOUTH AFRICA   Buy     1.00 %   Quarterly   12/20/2026     5,000       6       6        
Morgan Stanley   SOUTH AFRICA   Buy     1.00 %   Quarterly   12/20/2030     2,300       83       83        
                                    $ 64     $ 226     $ (162 )

  

Total Return Swaps  
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)
 
JPMorgan Chase   JPEMXCUS   INDEX RETURN   SOFR - 15 BPS   Annually   04/08/2026     USD       6,600     $ 206     $     $ 206  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   04/29/2026     ZMW       117       4             4  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   04/30/2026     ZMW       143       6             6  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   05/17/2026     ZMW       471       33             33  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   05/25/2026     ZMW       80       3             3  
JPMorgan Chase   ZAMBIA   SOFR   ZAMBIA   Quarterly   05/27/2026     ZMW       126       17             17  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   05/27/2026     ZMW       158       21             21  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   05/28/2026     ZMW       234       16             16  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   05/29/2026     ZMW       177       10             10  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   06/03/2026     ZMW       81       (8 )           (8 )
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   06/09/2026     ZMW       142       20             20  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   06/23/2026     ZMW       65       4             4  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   06/24/2026     ZMW       141       4             4  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   06/24/2026     ZMW       81       4             4  
JPMorgan Chase   ZAMBIA   SOFR   ZAMBIA   Quarterly   06/27/2026     ZMW       418       81             81  
JPMorgan Chase   ZAMBIA   SOFR   ZAMBIA   Quarterly   06/28/2026     ZMW       525       103             103  

 

 

62 SEI Institutional International Trust

 
 

 

Total Return Swaps (continued)  
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)
 
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   07/27/2026     ZMW       148     $ 6     $     $ 6  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   07/27/2026     ZMW       125       6             6  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   07/27/2026     ZMW       37       1             1  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   07/27/2026     ZMW       90       3             3  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   07/27/2026     ZMW       149       9             9  
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   08/17/2026     ZMW       238       (4 )           (4 )
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   08/24/2026     ZMW       270       (7 )           (7 )
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   09/29/2026     ZMW       56                    
JPMorgan Chase   ZAMBIA   SOFRRATE + 85BPS   ZAMBIA   Quarterly   09/30/2026     ZMW       133       (6 )           (6 )
                                        $ 532     $     $ 532  

 

A list of the open centrally cleared swap agreements held by the Fund at March 31, 2026, is as follows:

  

Credit Default Swap  
Reference Entity/ Obligation   Buy/Sell
Protection
  (Pays)/
Receives Rate
    Payment
Frequency
  Termination Date   Notional Amount
(Thousands)
    Value
(Thousands)
    Upfront Payments/
Receipts
(Thousands)
    Net Unrealized
Appreciation
(Depreciation)
(Thousands)
 
CDX.EM.44.V1   Buy     1.00 %   Quarterly   12/20/2030   $ 8,400     $ 168     $ 91     $ 77  

 

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)
 
1.40%     1-DAY THOR     Quarterly   12/17/2035   THB       82,000     $ 159     $ 1     $ 158  
6-MONTH EURIBOR     2.8%     Annually   12/17/2055   EUR       3,300       227       115       112  
2.9%     6-MONTH EURIBOR     Annually   03/18/2036   EUR       6,300       92       (12 )     104  
3.9%     6-MONTH PRIBOR     Annually   06/18/2035   CZK       15,000       33       2       31  
1-DAY THOR     1.718%     Quarterly   06/18/2030   THB       45,000       4             4  
1-DAY MIBOR     5.96%     Semi-Annually   06/18/2030   INR       250,000       (71 )           (71 )
8.87%     COOVIBR     Quarterly   09/17/2035   COP       4,800,000       171             171  
4.45%     6-MONTH WIBOR     Annually   09/17/2035   PLN       8,700       66       4       62  
CLICP     4.712%     Semi-Annually   09/17/2030   CLP       300,000       (4 )           (4 )
5.165%     CLICP     Semi-Annually   09/17/2035   CLP       1,200,000       9             9  
6-MONTH HUF - BUBOR     5.85%     Semi-Annually   09/17/2028   HUF       600,000       (53 )     (5 )     (48 )
6-MONTH HUF - BUBOR     6.05%     Semi-Annually   09/17/2030   HUF       800,000       (98 )     (6 )     (92 )
6-MONTH HUF - BUBOR     5.885%     Semi-Annually   09/17/2028   HUF       1,300,000       (111 )           (111 )
9.55%     COOVIBR     Quarterly   09/17/2035   COP       2,300,000       58             58  
BZDIOVRA     13.085%     Annually   01/02/2029   BRL       60,866       (184 )           (184 )
3.7%     6-MONTH WIBOR     Annually   03/18/2028   PLN       25,700       89             89  
MXIBTIEF     7.745%     Monthly   03/12/2031   MXN       100,000       (91 )           (91 )
4.1507%     SOFR     Annually   12/26/2055   USD       1,300       (8 )           (8 )
COOVIBR     10.56%     Quarterly   01/08/2029   COP       12,700,000       (113 )           (113 )
MXIBTIEF     7.4%   Monthly   03/14/2029   MXN       25,000       (17 )           (17 )
MXIBTIEF     7.665%     Monthly   03/12/2031   MXN       7,200       (8 )           (8 )
BZDIOVRA     12.8575%     Annually   01/03/2028   BRL       27,322       (77 )           (77 )
BZDIOVRA     12.85%     Annually   01/03/2028   BRL       49,233       (139 )           (139 )
MXIBTIEF     7.45%     Monthly   03/13/2030   MXN       70,700       (78 )           (78 )
COOVIBR     11.05%     Quarterly   03/18/2031   COP       11,000,000       (52 )           (52 )
4.0225%     6-MONTH CZK - PRIBOR     Annually   03/18/2036   CZK       22,000       42             42  
0.97%     COOVIBR     Quarterly   03/18/2036   COP       2,900,000       6             6  
China 7-Day Reverse Repo Rate     1.555%     Quarterly   03/18/2031   CNY       19,000       (6 )           (6 )
BZDIOVRA     12.59%     Annually   01/03/2028   BRL       523       (2 )           (2 )
6-MONTH CZK - PRIBOR     3.651%     Semi-Annually   03/18/2028   CZK       100,000       (46 )           (46 )

 

 

SEI Institutional International Trust 63

 
 

SCHEDULE OF INVESTMENTS (Unaudited) 

March 31, 2026

 

Emerging Markets Debt Fund (Concluded)

 

Fund Pays     Fund Receives     Payment
Frequency
  Termination Date   Currency     Notional
Amount
(Thousands)
    Value
(Thousands)
    Upfront
Payments/
Receipts
(Thousands)
    Net Unrealized
Appreciation
(Depreciation)
(Thousands)
 
MXIBTIEF     7.11%     Monthly   03/14/2029   MXN       64,000     $ (71 )   $     $ (71 )
BZDIOVRA     12.925%     Annually   01/03/2028   BRL       33,675       (86 )           (86 )
6-MONTH CZK - PRIBOR     4.09%     Semi-Annually   06/17/2031   CZK       40,500       (28 )           (28 )
6-MONTH HUF - BUBOR     6.57%     Semi-Annually   06/17/2029   HUF       424,000       (22 )           (22 )
6-MONTH CZK - PRIBOR     4.215%     Semi-Annually   06/17/2031   CZK       40,000       (17 )           (17 )
4.64%     CLICP     Semi-Annually   06/17/2028   CLP       4,100,000       31             31  
6-MONTH CZK - PRIBOR     4.3625%     Semi-Annually   06/17/2031   CZK       42,000       (5 )           (5 )
6-MONTH HUF - BUBOR     6.935%     Semi-Annually   06/17/2028   HUF       820,500       (15 )           (15 )
4.96%     CLICP     Semi-Annually   06/17/2028   CLP       4,100,000       3             3  
6-MONTH CZK - PRIBOR     4.125%     Semi-Annually   06/17/2029   CZK       54,800       (17 )           (17 )
6-MONTH WIBOR     4.265%     Semi-Annually   06/17/2029   PLN       12,100       (21 )           (21 )
BZDIOVRA     13.72%     Annually   01/03/2028   BRL       27,437       (4 )           (4 )
BZDIOVRA     14.01%     Annually   01/03/2028   BRL       29,939       21             21  
1-DAY MIBOR     6.08%     Semi-Annually   12/19/2029   INR       908,000       (180 )           (180 )
6-MONTH PRIBOR     3.6745%     Semi-Annually   12/20/2034   CZK       87,730       (249 )     (5 )     (244 )
6-MONTH WIBOR     5.0295%     Semi-Annually   12/20/2034   PLN       4,200       19             19  
1-DAY MXIBTIEE     8.89%     Monthly   12/18/2026   MXN       473,064       375       19       356  
1-DAY BRL - CETIP     15.26%     Annually   01/02/2029   BRL       18,400       169             169  
1-DAY MXIBTIEE     8.905%     Monthly   12/18/2026   MXN       169,316       135             135  
1-DAY THOR     1.9045%     Quarterly   12/20/2029   THB       110,700       44             44  
1-DAY MIBOR     6.0675%     Semi-Annually   02/03/2030   INR       332,285       (70 )     14       (84 )
1-DAY MIBOR     6.04%     Semi-Annually   02/04/2030   INR       336,920       (75 )     (4 )     (71 )
1-DAY MXIBTIEE     8.5235%     Monthly   02/20/2035   MXN       164,170       54       263       (209 )
2.0195%     1-DAY THOR     Quarterly   03/21/2035   THB       37,270       (1 )     (18 )     17  
1-DAY MIBOR     5.7645%     Semi-Annually   04/09/2030   INR       213,700       (71 )     2       (73 )
6-MONTH WIBOR     4.0405%     Semi-Annually   04/11/2030   PLN       6,843       (32 )           (32 )
6-MONTH WIBOR     4.325%     Semi-Annually   04/15/2035   PLN       14,270       (132 )     21       (153 )
1-DAY BRL - CETIP     13.5403%     Annually   01/02/2030   BRL       11,400       (13 )     11       (24 )
3-MONTH JIBAR     7.327%     Quarterly   07/10/2030   ZAR       43,200       (25 )           (25 )
1-DAY MIBOR     5.701%     Semi-Annually   07/11/2030   INR       422,300       (166 )     5       (171 )
1-DAY BRL - CETIP     13.4043%     Annually   01/03/2028   BRL       16,600       (21 )           (21 )
1-DAY BRL - CETIP     13.28%     Annually   01/03/2028   BRL       60,700       (99 )     2       (101 )
7.1265%     3-MONTH BA     Quarterly   08/19/2030   ZAR       6,400       7             7  
3-MONTH BA     6.7705%     Quarterly   10/21/2030   ZAR       147,750       (287 )     (6 )     (281 )
INR OVERNIGHT MIBOR     5.6385%     Semi-Annually   10/24/2030   INR       245,100       (111 )     (19 )     (92 )
INR OVERNIGHT MIBOR     5.94%     Semi-Annually   01/16/2031   INR       188,750       (67 )     (20 )     (47 )
3-MONTH BA     6.6795%     Quarterly   01/20/2031   ZAR       39,800       (92 )     10       (102 )
6-MONTH HUF - BUBOR     6.08%     Semi-Annually   01/22/2031   HUF       680,000       (87 )           (87 )
6-MONTH HUF - BUBOR     6.505%     Semi-Annually   01/22/2036   HUF       380,000       (49 )           (49 )
1-DAY THOR     1.3875%     Quarterly   02/23/2031   THB       33,550       (16 )     5       (21 )
6.88%     3-MONTH BA     Quarterly   03/03/2031   ZAR       60,950       116       47       69  
1.1%     1-DAY TONAR     Annually   09/18/2034   JPY       726,000       332       (7 )     339  
SOFR     4.00%     Annually   09/17/2035   USD       14,700       201       376       (175 )
4.6%     1-DAY SONIA     Annually   09/17/2055   GBP       2,500       105       (10 )     115  
1-DAY BROIS     13.3%     Annually   01/02/2031   BRL       29,826       (98 )     (1 )     (97 )
                                  $ (817 )   $ 784     $ (1,601 )

 

 

Percentages are based on Net Assets of $936,762 ($ Thousands). 

(A) Security, or a portion thereof, 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 March 31, 2026, the value of these securities amounted to $104,251 ($ Thousands), representing 11.1% 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) 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.

(D) No interest rate available.

(E) Zero coupon security.

(F) Interest rate represents the security's effective yield at the time of purchase.

(G) Security is in default on interest payment.

(H) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

 

 

64 SEI Institutional International Trust

 
 

 

 

The following is a summary of the level of inputs used as of March 31, 2026, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): 

                         
    Level 1     Level 2     Level 3     Total  
Investments in Securities   ($)     ($)     ($)(1)     ($)  
Global Bonds           846,430       3,526       849,956  
U.S. Treasury Obligations           20,089             20,089  
Loan Participations           4,904       3,670       8,574  
Purchased Options     623                   623  
Total Investments in Securities     623       871,423       7,196       879,242  
Other Financial Instruments   Level 1
($)
    Level 2
($)
    Level 3
($)
    Total
($)
 
Written Options     (601 )                 (601 )
Futures Contracts*                                
Unrealized Appreciation     140                   140  
Forward Contracts*                                
Unrealized Appreciation           7,568             7,568  
Unrealized Depreciation           (6,245 )           (6,245 )
OTC Swaps                                
Credit Default Swaps*                                
Unrealized Appreciation                        
Unrealized Depreciation           (162 )           (162 )
Total Return Swaps*                                
Unrealized Appreciation           557             557  
Unrealized Depreciation           (25 )           (25 )
Centrally Cleared Swaps                                
Credit Default Swaps*                                
Unrealized Appreciation           77             77  
Interest Rate Swaps*                                
Unrealized Appreciation           2,171             2,171  
Unrealized Depreciation           (3,772 )           (3,772 )
Total Other Financial Instruments     (461 )     169             (292 )

 

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

 

(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.

 

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 65

 
 

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 

KWCDC — South Korean Won 3 Month Certificate of Deposit 

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 

 

 

66 SEI Institutional International Trust

 
 

 

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 

THOR — Thai Overnight Repurchase Rate

TONAR — Japan Tokyo Overnight Average Rate

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 67

 
 

STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) ($ Thousands)

March 31, 2026

 

    International Equity
Fund
    Emerging Markets
Equity Fund
    International Fixed
Income Fund
    Emerging Markets
Debt Fund
 
Assets:                                
Investments, at value   $ 3,375,958     $ 1,505,633     $ 354,511     $ 879,242  
Affiliated investments, at value ††     26,019       18,558              
Cash     31,143       16,247       11,736       30,584  
Cash pledged as collateral for futures contracts     1,981       907       1,244       116  
Cash pledged as collateral on centrally cleared swap contracts                 3,315       6,808  
Cash pledged as collateral on OTC swap contracts                        
Foreign currency, at value †††     5,480       4,871       14,819       4,645  
Receivable for fund shares sold     451       283       266       373  
Receivable for investment securities sold     2,133       744       1,055       6,041  
Dividends and interest receivable     11,747       4,821       3,603       16,585  
Unrealized gain on forward foreign currency contracts                 7,667       7,568  
Unrealized gain on foreign spot currency contracts     7                   40  
OTC Swap contracts, at value ††††                 11       11,286  
Foreign tax reclaim receivable     24,293       288              
Receivable for variation margin     133       765       455       5,767  
Prepaid expenses     51       22       5       13  
Total Assets     3,479,396       1,553,139       398,687       969,068  
Liabilities:                                
Payable for investment securities purchased     67       3,553       6,387       8,000  
Payable for fund shares redeemed     2,598       2,411       248       497  
OTC Swap contracts, at value ††††     1,768             123       10,692  
Options written, at value †††††                       601  
Payable for variation margin     109             475       5,211  
Administration fees payable     836       219       119       263  
Unrealized loss on foreign currency spot contracts     5       1       2       92  
Unrealized loss on forward foreign currency contracts                 2,601       6,245  
Trustees fees payable     7       197       3       81  
Chief compliance officer fees payable     14       6       1       4  
Administrative servicing fees payable     4                    
Shareholder servicing fees payable     660       305       74       182  
Investment advisory fees payable     1,516       950       99       299  
Accrued expense payable     624       211       103       139  
Accrued foreign capital gains tax on appreciated securities           1,538              
Total Liabilities     8,208       9,391       10,235       32,306  
Net Assets   $ 3,471,188     $ 1,543,748     $ 388,452     $ 936,762  
Cost of investments   $ 2,731,780     $ 1,087,485     $ 375,334     $ 863,399  
†† Cost of affiliated investments     26,019       18,558              
††† Cost of foreign currency     5,489       4,639       14,785       4,142  
†††† Cost (premiums received)                 11       226  
††††† Premiums received from written options                       608  

 

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

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

 

 
68 SEI Institutional International Trust

 

 

STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) ($ Thousands) (Concluded)

March 31, 2026

 

    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)   $ 2,486,127     $ 1,073,701     $ 452,276     $ 1,179,282  
Total distributable earnings/(loss)     985,061       470,047       (63,824 )     (242,520 )
Net Assets   $ 3,471,188     $ 1,543,748     $ 388,452     $ 936,762  
Net Asset Value, Offering and Redemption Price Per Share — Class F   $ 13.17     $ 14.60     $ 8.85     $ 9.39  
      ($3,064,240,559 ÷       ($1,388,469,549 ÷       ($348,855,169 ÷       ($842,678,902 ÷  
      232,638,508 shares)       95,115,800 shares)       39,416,846 shares)       89,780,738 shares)  
Net Asset Value, Offering and Redemption Price Per Share — Class I   $ 13.31       N/A       N/A       N/A  
      ($393,525 ÷                          
      29,569 shares)                          
Net Asset Value, Offering and Redemption Price Per Share — Class Y   $ 13.16     $ 14.59     $ 8.92     $ 9.30  
      ($406,554,230 ÷       ($155,278,464 ÷       ($39,597,293 ÷       ($94,082,716 ÷  
      30,899,779 shares)       10,641,280 shares)       4,437,575 shares)       10,118,324 shares)  

 

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

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

 

 
SEI Institutional International Trust 69

 

 

STATEMENTS OF OPERATIONS (Unaudited) ($ Thousands)

For the six months ended March 31, 2026

 

    International Equity
Fund
    Emerging Markets
Equity Fund
    International Fixed
Income Fund
    Emerging Markets
Debt Fund
 
Investment Income:                                
Dividends   $ 40,909     $ 16,771     $     $  
Income from affiliated investments(1)     643       258              
Interest income     2,408       228       6,583       36,419  
Less: foreign taxes withheld     (6,847 )     (2,312 )     (81 )     (221 )
Total Investment Income     37,113       14,945       6,502       36,198  
Expenses:                                
Investment advisory fees     9,211       5,636       574       2,864  
Administration fees     5,630       3,037       727       1,814  
Shareholder servicing fees — Class F     4,042       1,817       427       1,077  
Shareholder servicing fees — Class I     1                    
Administrative servicing fees — Class I     1                    
Printing fees     241       107       25       63  
Custodian/wire agent fees     192       435       48       179  
Professional fees     94       42       9       24  
Trustees' fees     52       23       5       14  
Registration fees     51       21       5       13  
Chief compliance officer fees     14       6       1       4  
Proxy fees     7       3             2  
Other expenses     144       63       42       72  
Total Expenses     19,680       11,190       1,863       6,126  
Less:                                
Waiver of investment advisory fees                       (1,097 )
Waiver of administration fees     (586 )     (1,695 )     (74 )     (258 )
Waiver of shareholder servicing fees — Class F     (32 )                  
Net Expenses     19,062       9,495       1,789       4,771  
Net Investment Income     18,051       5,450       4,713       31,427  
Net Realized Gain (Loss) on:                                
Investments     372,179       140,169       7,292       23,380  
Written options                       615  
Futures contracts     4,382       2,351       (735 )     (72 )
Swap contracts     21,082             87       1,011  
Purchased options and swaptions                       847  
Capital gains tax           (4 )            
Foreign currency transactions     (837 )     (794 )     (6,551 )     (2,769 )
Forward foreign currency contracts                 4,815       1,310  
Net Realized Gain (Loss)     396,806       141,722       4,908       24,322  
Net Change in Unrealized Appreciation (Depreciation) on:                                
Investments     (148,354 )     (7,541 )     (17,310 )     (23,650 )
Written options                       (349 )
Futures contracts     (1,384 )     (680 )     383       159  
Purchased options and swaptions                 27       (311 )
Swap contracts     188             (627 )     (3,718 )
Foreign capital gains tax on appreciated securities           972              
Foreign currency translation of other assets and liabilities denominated in foreign currencies     (923 )     (169 )     (69 )     38  
Forward foreign currency contracts                 4,811       1,743  
Net Change in Unrealized Appreciation (Depreciation)     (150,473 )     (7,418 )     (12,785 )     (26,088 )
Net Increase (Decrease) in Net Assets Resulting from Operations   $ 264,384     $ 139,754     $ (3,164 )   $ 29,661  

 

(1) See Note 5 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.

 

 
70 SEI Institutional International Trust

 

 

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the six months ended March 31, 2026 (Unaudited) and the year ended September 30, 2025

 

    International Equity Fund     Emerging Markets Equity Fund  
    2026     2025     2026     2025  
Operations:                                
Net investment income   $ 18,051     $ 73,923     $ 5,450     $ 26,442  
Net realized gain (loss)     396,806       527,983       141,722       107,257  
Net change in unrealized appreciation (depreciation)     (150,473 )     42,549       (7,418 )     118,695  
Net Increase in Net Assets Resulting from Operations     264,384       644,455       139,754       252,394  
Distributions:                                
Class F     (484,863 )     (329,631 )     (59,441 )     (39,228 )
Class I     (58 )     (93 )     N/A       N/A  
Class Y     (62,762 )     (37,136 )     (6,748 )     (4,098 )
Total Dividends     (547,683 )     (366,860 )     (66,189 )     (43,326 )
Capital Share Transactions:                                
Class F:                                
Proceeds from shares issued     87,952       297,120       41,225       259,967  
Reinvestment of dividends & distributions     437,257       299,665       53,755       35,742  
Cost of shares redeemed     (480,813 )     (1,250,360 )     (216,895 )     (501,502 )
Net Increase (Decrease) from Class F Transactions     44,396       (653,575 )     (121,915 )     (205,793 )
Class I:                                
Proceeds from shares issued     10       17       N/A       N/A  
Reinvestment of dividends & distributions     16       56       N/A       N/A  
Cost of shares redeemed     (567 )     (156 )     N/A       N/A  
Net Decrease from Class I Transactions     (541 )     (83 )     N/A       N/A  
Class Y:                                
Proceeds from shares issued     26,112       63,637       9,177       24,805  
Reinvestment of dividends & distributions     54,291       33,685       5,802       3,747  
Cost of shares redeemed     (55,378 )     (134,270 )     (18,321 )     (46,156 )
Net Increase (Decrease) from Class Y Transactions     25,025       (36,948 )     (3,342 )     (17,604 )
Net Increase (Decrease) in Net Assets Derived from Capital Share Transactions     68,880       (690,606 )     (125,257 )     (223,397 )
Net Decrease in Net Assets     (214,419 )     (413,011 )     (51,692 )     (14,329 )
Net Assets:                                
Beginning of Period     3,685,607       4,098,618       1,595,440       1,609,769  
End of Period   $ 3,471,188     $ 3,685,607     $ 1,543,748     $ 1,595,440  
Capital Share Transactions:                                
Class F:                                
Shares issued     6,330       23,573       2,800       22,132  
Reinvestment of distributions     33,328       26,065       3,818       3,273  
Shares redeemed     (34,559 )     (98,205 )     (14,669 )     (42,171 )
Total Class F Transactions     5,099       (48,567 )     (8,051 )     (16,766 )
Class I:                                
Shares issued     1       1       N/A       N/A  
Reinvestment of distributions     1       5       N/A       N/A  
Shares redeemed     (39 )     (11 )     N/A       N/A  
Total Class I Transactions     (37 )     (5 )     N/A       N/A  
Class Y:                                
Shares issued     1,879       5,210       615       2,087  
Reinvestment of distributions     4,138       2,933       412       343  
Shares redeemed     (3,985 )     (10,529 )     (1,247 )     (3,860 )
Total Class Y Transactions     2,032       (2,386 )     (220 )     (1,430 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     7,094       (50,958 )     (8,271 )     (18,196 )

 

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

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

 

 
SEI Institutional International Trust 71

 

 

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands) (Concluded)

For the six months ended March 31, 2026 (Unaudited) and the year ended September 30, 2025

 

    International Fixed Income Fund     Emerging Markets Debt Fund  
    2026     2025     2026     2025  
Operations:                                
Net investment income   $ 4,713     $ 9,182     $ 31,427     $ 64,137  
Net realized gain (loss)     4,908       (8,374 )     24,322       (12,321 )
Net change in unrealized appreciation (depreciation)     (12,785 )     6,914       (26,088 )     29,037  
Net Increase (Decrease) in Net Assets Resulting from Operations     (3,164 )     7,722       29,661       80,853  
Distributions:                                
Class F     (9,242 )           (26,191 )     (56,929 )
Class Y     (1,234 )           (2,926 )     (6,010 )
Total Dividends     (10,476 )           (29,117 )     (62,939 )
Capital Share Transactions:                                
Class F:                                
Proceeds from shares issued     42,688       56,033       51,813       77,140  
Reinvestment of dividends & distributions     8,577       N/A       23,322       50,563  
Cost of shares redeemed     (25,214 )     (112,978 )     (85,663 )     (285,471 )
Net Increase (Decrease) from Class F Transactions     26,051       (56,945 )     (10,528 )     (157,768 )
Class Y:                                
Proceeds from shares issued     6,085       12,059       7,717       10,491  
Reinvestment of dividends & distributions     953             2,446       5,252  
Cost of shares redeemed     (7,631 )     (15,921 )     (6,780 )     (20,846 )
Net Increase (Decrease) from Class Y Transactions     (593 )     (3,862 )     3,383       (5,103 )
Net Increase (Decrease) in Net Assets Derived from Capital Share Transactions     25,458       (60,807 )     (7,145 )     (162,871 )
Net Increase (Decrease) in Net Assets     11,818       (53,085 )     (6,601 )     (144,957 )
Net Assets:                                
Beginning of Period     376,634       429,719       943,363       1,088,320  
End of Period   $ 388,452     $ 376,634     $ 936,762     $ 943,363  
Capital Share Transactions:                                
Class F:                                
Shares issued     4,716       6,213       5,427       8,745  
Reinvestment of distributions     960             2,489       5,789  
Shares redeemed     (2,783 )     (12,631 )     (8,983 )     (32,473 )
Total Class F Transactions     2,893       (6,418 )     (1,067 )     (17,939 )
Class Y:                                
Shares issued     667       1,323       810       1,198  
Reinvestment of distributions     106             264       607  
Shares redeemed     (838 )     (1,766 )     (719 )     (2,400 )
Total Class Y Transactions     (65 )     (443 )     355       (595 )
Net Increase (Decrease) in Shares Outstanding from Share Transactions     2,828       (6,861 )     (712 )     (18,534 )

 

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

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

 

 
72 SEI Institutional International Trust

 

 

FINANCIAL HIGHLIGHTS

For the six months ended March 31, 2026 (Unaudited) and the years ended September 30

For a Share Outstanding Throughout Each Year or Period

 

    Net Asset
Value,
Beginning
of Period
    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 Period
    Total
Return
    Net Assets
End of
Period($
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                                                                        
2026@   $ 14.37     $ 0.07     $ 0.91     $ 0.98     $ (0.44 )   $ (1.74 )   $ (2.18 )   $ 13.17       7.25%     $ 3,064,241       1.07 %     1.11 %     0.96 %     36 %
2025     13.33       0.26       2.12       2.38       (0.37 )     (0.97 )     (1.34 )     14.37       20.69       3,269,789       1.09 (2)      1.14       2.06       89  
2024     10.87       0.24       2.46       2.70       (0.24 )           (0.24 )     13.33       25.13       3,680,808       1.10       1.10       2.04       72  
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  
Class I                                                                        
2026@   $ 14.40     $ 0.03     $ 0.94     $ 0.97     $ (0.32 )   $ (1.74 )   $ (2.06 )   $ 13.31       7.17 %   $ 394       1.32 %     1.35 %     0.43 %     36 %
2025     13.36       0.24       2.11       2.35       (0.34 )     (0.97 )     (1.31 )     14.40       20.34       965       1.34 (3)      1.39       1.85       89  
2024     10.90       0.21       2.46       2.67       (0.21 )           (0.21 )     13.36       24.78       961       1.35       1.35       1.78       72  
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  
Class Y                                                                        
2026@   $ 14.37     $ 0.09     $ 0.91     $ 1.00     $ (0.47 )   $ (1.74 )   $ (2.21 )   $ 13.16       7.43 %   $ 406,554       0.83 %     0.86 %     1.23 %     36 %
2025     13.34       0.30       2.11       2.41       (0.41 )     (0.97 )     (1.38 )     14.37       20.96       414,853       0.84 (4)      0.89       2.36       89  
2024     10.88       0.28       2.45       2.73       (0.27 )           (0.27 )     13.34       25.42       416,849       0.85       0.85       2.31       72  
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  
Emerging Markets Equity Fund                                                                        
Class F                                                                        
2026@   $ 13.99     $ 0.05     $ 1.17     $ 1.22     $ (0.52 )   $ (0.09 )   $ (0.61 )   $ 14.60       8.89%     $ 1,388,470       1.20 %     1.41 %     0.65 %     37 %
2025     12.17       0.21       1.96       2.17       (0.35 )           (0.35 )     13.99       18.60       1,443,376       1.25 (5)      1.44       1.78       75  
2024     10.10       0.19       2.05       2.24       (0.17 )           (0.17 )     12.17       22.43       1,459,994       1.44       1.57       1.72       70  
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  
Class Y                                                                        
2026@   $ 14.00     $ 0.07     $ 1.16     $ 1.23     $ (0.55 )   $ (0.09 )   $ (0.64 )   $ 14.59       9.00 %   $ 155,278       0.95 %     1.16 %     0.91 %     37 %
2025     12.19       0.24       1.95       2.19       (0.38 )           (0.38 )     14.00       18.82       152,064       1.00 (6)      1.19       2.05       75  
2024     10.11       0.21       2.07       2.28       (0.20 )           (0.20 )     12.19       22.82       149,775       1.19       1.32       1.94       70  
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  

 

@ For the six-month period ended March 31, 2026. All ratios for the period have been annualized.
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.
(2) The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 1.07%.
(3) The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 1.32%.
(4) The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.82%.
(5) The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 1.23%.
(6) The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.98%.

 

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 73

 

 

FINANCIAL HIGHLIGHTS

For the six months ended March 31, 2026 (Unaudited) and the years ended September 30

For a Share Outstanding Throughout Each Year or Period

 

    Net Asset
Value,
Beginning
of Period
    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 Period
    Total
Return
    Net Assets
End of
Period($
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                                                                        
2026@   $ 9.17     $ 0.11     $ (0.18 )   $ (0.07 )   $ (0.25 )   $     $ (0.25 )   $ 8.85       (0.80 )%   $ 348,855       0.96 %     1.00 %     2.43 %     110 %
2025     8.97       0.22       (0.02 )     0.20                         9.17       2.23       334,968       0.98 (2)      1.06       2.48       87  
2024     8.23       0.19       0.55       0.74                         8.97       8.99       385,079       1.01       1.04       2.17       167  
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  
Class Y                                                                        
2026@   $ 9.25     $ 0.12     $ (0.18 )   $ (0.06 )   $ (0.27 )   $     $ (0.27 )   $ 8.92       (0.66 )%   $ 39,597       0.71 %     0.75 %     2.69 %     110 %
2025     9.03       0.25       (0.03 )     0.22                         9.25       2.44       41,666       0.73 (3)      0.81       2.71       87  
2024     8.27       0.21       0.55       0.76                         9.03       9.19       44,640       0.76       0.79       2.41       167  
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  
Emerging Markets Debt Fund                                                                        
Class F                                                                        
2026@   $ 9.38     $ 0.31     $ (0.01 )   $ 0.30     $ (0.29 )   $     $ (0.29 )   $ 9.39       3.23 %   $ 842,679       1.02 %     1.31 %     6.56 %     41 %
2025     9.14       0.61       0.22       0.83       (0.59 )           (0.59 )     9.38       9.75       852,575       1.06 (4)      1.35       6.89       149  
2024     8.19       0.53       0.88       1.41       (0.46 )           (0.46 )     9.14       17.75       994,439       1.11       1.38       6.16       103  
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  
Class Y                                                                        
2026@   $ 9.30     $ 0.32     $ (0.02 )   $ 0.30     $ (0.30 )   $     $ (0.30 )   $ 9.30       3.28 %   $ 94,083       0.77 %     1.06 %     6.82 %     41 %
2025     9.06       0.62       0.23       0.85       (0.61 )           (0.61 )     9.30       10.12       90,788       0.81 (5)      1.10       7.13       149  
2024     8.15       0.55       0.86       1.41       (0.50 )           (0.50 )     9.06       17.95       93,881       0.86       1.13       6.43       103  
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  

 

@ For the six-month period ended March 31, 2026. All ratios for the period have been annualized.
^ 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.
(2) The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.96%.
(3) The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.71%.
(4) The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 1.04%.
(5) The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.79%.

 

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

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

 

 
74 SEI Institutional International Trust

 

 

NOTES TO FINANCIAL STATEMENTS 

March 31, 2026 (Unaudited)

 

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 — 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”).

 

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 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.

 

 

SEI Institutional International Trust 75

 
 

NOTES TO FINANCIAL STATEMENTS (Continued) 

March 31, 2026 (Unaudited)

  

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 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.

 

 

76 SEI Institutional International Trust

 
 

 

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 March 31, 2026 maximized the use of observable inputs and minimized the use of unobservable inputs.

 

For the year ended March 31, 2026, there have been no significant changes to the inputs or the Trust’s fair valuation methodologies.

 

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

 

 

SEI Institutional International Trust 77
 
 

NOTES TO FINANCIAL STATEMENTS (Continued) 

March 31, 2026 (Unaudited)

  

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 March 31, 2026, if applicable.

 

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

 

Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. Second, it is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. Third, the futures contract involves the risk that a Fund could lose more than the original margin deposit required to initiate a futures transaction.

 

Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities.

 

 

78 SEI Institutional International Trust
 
 

Refer to each Fund’s Schedule of Investments for details regarding open futures contracts as of March 31, 2026, 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 March 31, 2026, 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 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.

 

 

SEI Institutional International Trust 79
 
 

NOTES TO FINANCIAL STATEMENTS (Continued) 

March 31, 2026 (Unaudited)

  

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 March 31, 2026, 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 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.

 

 

80 SEI Institutional International Trust
 
 

 

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.

 

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

 

The notional amounts of the swaps are not recorded in the financial statements; however the notional amounts approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund was the seller of protection and a credit event were to occur. Those credit default swaps (“CDS”) for which the Fund is providing protection at the balance sheet date are summarized as follows ($ Thousands):

  

 

International Fixed Income Fund 

Maximum Potential Amount of Future Payments by Contract Term

 

    0-6 Months   6-12 Months   1-5 Years   5-10 Years   >10 Years   Total
Current credit spread* on underlying (in basis points)(1)                                          
0-100   $     $     $     $     $     $  
101-200                                    
201-300                                    
301-400                 430                   430  
Greater than 400                                    
Total   $     $     $ 430     $     $     $ 430  

 

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

 

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

 

 

SEI Institutional International Trust 81
 
 

NOTES TO FINANCIAL STATEMENTS (Continued) 

March 31, 2026 (Unaudited)

 

4. DERIVATIVE CONTRACTS

 

The following tables show the derivatives categorized by underlying risk exposure. The fair value of derivative instruments as of period end was as follows ($ Thousand):

  

    Asset Derivatives       Liability Derivatives    
    Period ended March 31, 2026       Period ended March 31, 2026    
    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   $ *    Unrealized depreciation on futures contracts   $ 763 * 
    Unrealized appreciation on swaps contracts         Unrealized depreciation on swaps contracts     1,768  
Total derivatives not accounted for as hedging instruments       $          $ 2,531  
                         
Emerging Markets Equity Fund                         
Equity contracts   Unrealized appreciation on futures contracts   $ *    Unrealized depreciation on futures contracts   $ 595 * 
Total derivatives not accounted for as hedging instruments       $          $ 595  
                         
International Fixed Income Fund                         
Equity contracts   Unrealized appreciation on swaps contracts   $     Unrealized depreciation on swaps contracts   $ 123  
Interest rate contracts   Unrealized appreciation on futures contracts     744 *    Unrealized depreciation on futures contracts     588 * 
    Unrealized appreciation on swaps contracts     1,362     Unrealized depreciation on swaps contracts     1,550  
Credit Contracts   Unrealized appreciation on swaps contracts     1     Unrealized depreciation on swaps contracts     1  
    Unrealized appreciation on swaps contracts     77     Unrealized depreciation on swaps contracts     27  
Foreign exchange contracts   Unrealized gain on forward foreign currency contracts     7,667      Unrealized loss on forward foreign currency contracts     2,601  
Total derivatives not accounted for as hedging instruments       $ 9,851          $ 4,890  
Emerging Markets Debt Fund                         
Equity contracts   Unrealized appreciation on swaps contracts   $ 557 *    Unrealized depreciation on swaps contracts   $ 25 * 
Interest rate contracts   Unrealized appreciation on futures contracts     140 *    Unrealized depreciation on futures contracts     * 
    Unrealized appreciation on swaps contracts     2,171     Unrealized depreciation on swaps contracts     3,772  
    Investments, at value**     623      Options written, at value     601  
Credit Contracts   Unrealized appreciation on swaps contracts         Unrealized depreciation on swaps contracts     162  
    Unrealized appreciation on swaps contracts     77     Unrealized depreciation on swaps contracts      
Foreign exchange contracts   Unrealized gain on forward foreign currency contracts     7,568      Unrealized loss on forward foreign currency contracts     6,245  
Total derivatives not accounted for as hedging instruments       $ 11,136          $ 10,805  

 

* 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 purchased options.

  

 

82 SEI Institutional International Trust
 
 
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.

 

The effect of derivative instruments on the Statements of Operations for the six months ended March 31, 2026:

 

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   $     $     $ 4,382     $     $ 21,082     $ 25,464  
Total   $     $     $ 4,382     $     $ 21,082     $ 25,464  
                                                 
Emerging Markets Equity Fund                                                
Equity contracts   $     $     $ 2,351     $     $     $ 2,351  
Total   $     $     $ 2,351     $     $     $ 2,351  
                                                 
International Fixed Income Fund                                                
Interest rate contracts   $     $     $ (735 )   $   $ 425     $ (310 )
Foreign exchange contracts                       4,815             4,815  
Credit contracts                             (246 )     (246 )
Equity contracts                             (92 )     (92 )
Total   $     $     $ (735 )   $ 4,815     $ 87     $ 4,167  
                                                 
Emerging Markets Debt Fund                                                
Interest rate contracts   $     $     $ (72 )   $   $ 1,123     $ 1,051  
Foreign exchange contracts     847       615             1,310             2,772  
Credit contracts                             (569 )     (569 )
Equity contracts                             457       457  
Total   $ 847     $ 615     $ (72 )   $ 1,310     $ 1,011     $ 3,711  

  

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   $     $     $ (1,384 )   $   $ 188     $ (1,196 )
Total   $     $     $ (1,384 )   $     $ 188     $ (1,196 )
                                                 
Emerging Markets Equity Fund                                                
Equity contracts   $     $     $ (680 )   $   $     $ (680 )
Total   $     $     $ (680 )   $     $     $ (680 )
                                                 
International Fixed Income Fund                                                
Interest rate contracts   $     $     $ 383     $     $ (759 )   $ (376 )
Foreign exchange contracts                       4,811             4,811  
Credit contracts                             132       132  
Equity contracts     27                               27  
Total   $ 27     $     $ 383     $ 4,811     $ (627 )   $ 4,594  
                                                 
Emerging Markets Debt Fund                                                
Interest rate contracts   $     $     $ 159     $     $ (4,676 )   $ (4,517 )
Foreign exchange contracts     (311 )     (349 )           1,743             1,083  
Credit contracts                             434       434  
Equity contracts                             524       524  
Total   $ (311 )   $ (349 )   $ 159     $ 1,743     $ (3,718 )   $ (2,476 )

 

 

SEI Institutional International Trust 83
 
 

NOTES TO FINANCIAL STATEMENTS (Continued) 

March 31, 2026 (Unaudited)

 

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.

  

 

84 SEI Institutional International Trust
 
 

The following is a summary of the variation margin of exchange-traded or centrally cleared financial derivative instruments of the Funds as of March 31, 2026 ($ 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   $ 133     $     $ 133     $ 109     $     $ 109  
Emerging Markets Equity Fund     765             765                    
International Fixed Income Fund     52       403       455       116       359       475  
Emerging Markets Debt Fund           5,767       5,767       17       5,194       5,211  

 

Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of March 31, 2026 amounted to $2,509 ($ Thousands) for the International Equity Fund. Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of March 31, 2026 amounted to $651 ($ Thousands) for the Emerging Markets Equity Fund. Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of March 31, 2026 amounted to $3,513 ($ Thousands) for the International Fixed Income Fund. Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of March 31, 2026 amounted to $6,899 ($ 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 March 31, 2026 ($ 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^
 
Bank of America   $   –     $         $        $         $ 1,768     $ 1,768     $ (1,768 )   $         $ (1,768 )
Total Over the Counter   $     $     $     $     $ 1,768     $ 1,768                          

  

    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   $ 151     $        $ 151     $ 58     $     $ 58     $ 93     $        $ 93  
Bank of Nova Scotia                       12             12       (12 )           (12 )
Barclays PLC     212       1       213       177       1       178       35             35  
BNP Paribas     142             142       111             111       31             31  
Brown Brothers Harriman     68             68                         68             68  
Citigroup     278             278       369             369       (91 )           (91 )
Davenport & Company LLC                       47             47       (47 )           (47 )
Deutsche Bank     143             143       41             41       102             102  
Goldman Sachs     144             144       214             214       (70 )           (70 )
HSBC     148             148       140       123       263       (115 )           (115 )
JPMorgan Chase Bank     3,936             3,936       1,029             1,029       2,907             2,907  

  

 

SEI Institutional International Trust 85
 
 

NOTES TO FINANCIAL STATEMENTS (Continued) 

March 31, 2026 (Unaudited)

  

    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^  
Midland Walwyn Capital Inc.   $ 710     $     $ 710     $     $     $     $ 710     $     $ 710  
Morgan Stanley     141             141       89             89       52             52  
NatWest Markets, Inc.     664             664       40             40       624             624  
Nomura Securities                       11             11       (11 )           (11 )
RBS     497             497                         497             497  
Santander     20             20                         20             20  
Seaport Securities Corporation                       77             77       (77 )           (77 )
Skandinavisk Enskil     6             6       32             32       (26 )           (26 )
Standard Chartered     2             2       31             31       (29 )           (29 )
State Street     14             14       48             48       (34 )           (34 )
TD Securities     40             40       15             15       25             25  
UBS     165             165       25             25       140             140  
Wachovia Securities, Inc.     21             21                         21             21  
Wells Fargo     165             165       35             35       130             130  
Total Over the Counter   $ 7,667     $ 1     $ 7,668     $ 2,601     $ 124     $ 2,725                          

 

    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^  
Bank of America   $ 286     $     $ 286     $ 415     $ 25     $ 440     $ (154 )   $     $ (154 )
Barclays PLC     172             172       79             79       93             93  
BNP Paribas     46             46       10             10       36             36  
Citigroup     33             33       41             41       (8 )           (8 )
Deutsche Bank     1,048             1,048       731             731       317             317  
Goldman Sachs     395             395       393             393       2             2  
HSBC     88             88       196             196       (108 )           (108 )
ICBC Financial Services     559             559       10             10       549             549  
JPMorgan Chase Bank     3,031       557       3,588       2,261       32       2,293       (1,295 )           (1,295 )
Morgan Stanley     593             593       510       130       640       (47 )           (47 )
Nomura Securities                       1             1       (1 )           (1 )
RBC     6             6                         6             6  
SCB Securities     363             363       1099             1099       (736 )           (736 )
Societe Generale     752             752       143             143       609             609  
Standard Bank     186             186       233             233       (47 )           (47 )
TD Securities                       88             88       (88 )           (88 )
UBS     8             8       29             29       (21 )           (21 )
Wells Fargo     2             2       6             6       (4 )           (4 )
Total Over the Counter   $ 7,568     $ 557     $ 8,125     $ 6,245     $ 187     $ 6,432                          

  

^ 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.

  

 

86 SEI Institutional International Trust
 
 

The following table discloses the average quarterly balances of the Funds’ derivative activity during the six months ended March 31, 2026 ($ Thousands):

 

    International Equity Fund     Emerging Markets Equity Fund     International Fixed Income Fund     Emerging Markets Debt Fund  
Futures Contracts:                                
Average Notional Balance Long   $ 30,530     $ 16,543     $ 55,996     $  
Average Notional Balance Short                 57,713       10,766  
Forward Foreign Currency Contracts:                                
Average Notional Balance Long   $ 1,411     $ 1,928     $ 565,404     $ 475,034  
Average Notional Balance Short     1,413       1,929       563,846       573,480  
Credit Default Swaps:                                
Average Notional Balance Buy Protection                 23,233       30,100  
Average Notional Balance Sell Protection                 800        
Total Return Swaps                                
Average Notional Balance Long     104,816                   2,769  
Average Notional Balance Short                       6,450  
Interest Rate Swaps                                
Average Notional Balance                 45,708       294,938  
Options/Swaptions:                                
Average Notional Balance Long†                       1,078  
Average Notional Balance Short†                       587  

 

Represents cost.

 

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 87

 
 

NOTES TO FINANCIAL STATEMENTS (Continued)

March 31, 2026 (Unaudited)

 

The following is a summary of annual fees payable to the Adviser and Distributor and the 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% 1.07%
Class I 0.51% 0.25% 0.25% 1.32%
Class Y 0.51% 0.82%
Emerging Markets Equity Fund        
Class F 0.70% 0.25% 1.21%
Class Y 0.70% 0.96%
International Fixed Income Fund        
Class F 0.30% 0.25% 0.96%
Class Y 0.30% 0.71%
Emerging Markets Debt Fund        
Class F 0.60% 0.25% 1.02%
Class Y 0.60% 0.77%

 

The following is a summary of the annual fees payable to the Administrator:

 

  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 0.380% 0.340% 0.280% 0.235% 0.200%
Emerging Markets Equity Fund 0.380% 0.340% 0.280% 0.235% 0.200%
International Fixed Income Fund 0.380% 0.340% 0.280% 0.235% 0.200%
Emerging Markets Debt Fund 0.380% 0.340% 0.280% 0.235% 0.200%

 

Investment Sub-Advisory Agreements — As of March 31, 2026, SIMC has entered into Investment Sub-Advisory Agreements with the following parties:

 

Investment Sub-Adviser

 

International Equity Fund

Acadian Asset Management LLC

Brown Advisory LLC

Lindsell Train Ltd.

Pzena Investment Management, LLC

 

Emerging Markets Equity Fund

Aikya Investment Management Limited

JOHCM (USA) Inc.

Robeco Institutional Asset Management US Inc.

 

International Fixed Income Fund

Ardea Investment Management Pty Ltd.

Colchester Global Investors Limited

RBC Global Asset Management (UK) Limited

 

Emerging Markets Debt Fund

Artisan Partners Limited Partnership

Colchester Global Investors Limited
Grantham, Mayo, Van Otterloo & Co. LLC
Invesco Advisers, Inc.

Marathon Asset Management, L.P.

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 six months ended March 31, 2026, were as follows ($ Thousands):

 

International Equity Fund   $ 296  
Emerging Markets Equity Fund     165  

 

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 six months ended March 31, 2026 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.

 

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.

88

SEI Institutional International Trust

 

 

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 six months ended March 31, 2026, 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 six months ended March 31, 2026, 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   $     $     $ 68,600     $ 134  
Other     1,245,229       577,935       248,512       355,584  
Sales                                
U.S. Government                 52,998       134  
Other     1,647,424       764,212       261,938       372,281  

 

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. The permanent difference that is charged or credited to Paid-in Capital and Distributable Earnings is primarily related to net operating losses and defaulted bond basis adjustments.

 

    Distributable
Earnings (Loss)
($ Thousands)
    Paid-in Capital
($ Thousands)
 
International Fixed Income Fund   $ 3,070     $ (3,070 )
Emerging Markets Debt Fund     927       (927 )

 

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:

 

SEI Institutional International Trust

89

 

 

NOTES TO FINANCIAL STATEMENTS (Continued)

March 31, 2026 (Unaudited)

 

          Ordinary Income
($ Thousands)
    Long-term Capital Gain
($ Thousands)
    Total
($ Thousands)
 
International Equity Fund     2025     $ 116,679     $ 250,181     $ 366,860  
      2024       80,813             80,813  
Emerging Markets Equity Fund     2025       43,326             43,326  
      2024       23,307             23,307  
International Fixed Income Fund     2025                    
      2024                    
Emerging Markets Debt Fund     2025       62,939             62,939  
      2024       62,318             62,318  

 

As of September 30, 2025, 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   $ 207,260     $ 300,818     $     $     $     $ 760,284     $ (2 )   $ 1,268,360  
Emerging Markets Equity Fund     51,887             (12,712 )                 357,308       (1 )     396,482  
International Fixed Income Fund                 (33,082 )           (5,962 )     (5,246 )     (5,894 )     (50,184 )
Emerging Markets Debt Fund     11,981             (265,634 )                 36,109       (25,520 )     (243,064 )

 

Deferred Late-Year Losses represent ordinary losses realized on investment transactions from January 1, 2025 through September 30, 2025, and specified losses realized on investment transactions from November 1, 2024 through September 30, 2025, that, in accordance with Federal income tax regulations, the Fund defers and treats 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.

 

During the year ended September 30, 2025, the Emerging Markets Equity Fund utilized capital loss carryforwards of $85,187 to offset capital losses.

 

The Funds have capital losses carried forward as follows:

 

    Short-Term
Loss
($ Thousands)
    Long-Term
Loss
($ Thousands)
    Total
($ Thousands)
 
Emerging Markets Equity Fund     12,712             12,712  
International Fixed Income Fund     9,872       23,210       33,082  
Emerging Markets Debt Fund     130,264       135,370       265,634  

 

For Federal income tax purposes, the cost of securities owned at March 31, 2026, 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 March 31, 2026, was as follows:

 

    Federal Tax Cost
($ Thousands)
    Appreciated
Securities
($ Thousands)
    Depreciated
Securities
($ Thousands)
    Net Unrealized
Appreciation/
(Depreciation)
($ Thousands)
 
International Equity Fund   $ 2,835,434     $ 832,926     $ (72,642 )   $ 760,284  
Emerging Markets Equity Fund     1,221,317       484,815       (127,507 )     357,308  
International Fixed Income Fund     366,481       13,678       (18,924 )     (5,246 )
Emerging Markets Debt Fund     868,361       56,561       (20,452 )     36,109  

 

Management has analyzed the Funds’ tax positions taken on federal income tax returns for all open tax years and has concluded that as of March 31, 2026, 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.

 

90

SEI Institutional International Trust

 

 

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.

 

Current Market Conditions Risk — Current market conditions risk is the risk that a particular investment, or shares of the Funds in general, may fall in value due to current market conditions. Although interest rates were unusually low in recent years in the U.S. and abroad, in 2022, the Federal Reserve and certain foreign central banks raised interest rates as part of their efforts to address rising inflation. The Federal Reserve and certain foreign central banks recently began to lower interest rates, though economic or other factors, such as inflation, could stop such changes. It is difficult to accurately predict the pace at which interest rates might change, the timing, frequency or magnitude of any such changes in interest rates, or when such changes might stop or again reverse course, Unexpected changes in interest rates could lead to significant market volatility or reduce liquidity in certain sectors of the market. The ongoing adversarial political climate in the United

States, as well as political and diplomatic events both domestic and abroad, have and may continue to have an adverse impact the U.S. regulatory landscape, markets and investor behavior, which could have a negative impact on the Fund’s investments and operations. Other unexpected political, regulatory and diplomatic events within the U.S. and abroad may affect investor and consumer confidence and may adversely impact financial markets and the broader economy. The economies of the United States and its trading partners, as well as the financial markets generally, may be adversely impacted by trade disputes and other matters. If geopolitical conflicts develop or worsen, economies, markets and individual securities may be adversely affected, and the value of the Funds' assets may go down. The COVID-19 global pandemic, or any future public health crisis, and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects. Advancements in technology may also adversely impact markets and the overall performance of the Funds.

 

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 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.

 

 

SEI Institutional International Trust 91
 
 

NOTES TO FINANCIAL STATEMENTS (Concluded)

March 31, 2026 (Unaudited)

 

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. CONCENTRATION OF SHAREHOLDERS

 

SEI Private Trust Company (“SPTC”) and SIMC are subsidiaries of SEI Investments Company. As of March 31, 2026, SPTC held of record the following:

 

Fund Class F Class I Class Y
International Equity Fund 92.89% 0.36% 56.83%
Emerging Markets Equity Fund 95.07% –% 64.53%
International Fixed Income Fund 97.72% –% 98.96%
Emerging Markets Debt Fund 96.54% –% 69.84%

 

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.

 

10. SEGMENT REPORTING

 

The Funds adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280) – “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). Adoption of this standard impacted financial statement disclosures only and did not affect the Funds’ financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The Fund’s Chief Financial Officer serves as the CODM. The CODM reviews Fund level financial information, including total returns, expense ratios, changes in net assets, schedules of investments, and other performance and profitability reports, to assess the Fund’s operating results. Each Fund is structured as an investment company and represents a single operating segment. Segment assets are reflected on the accompanying Statements of Assets and Liabilities as “Total Assets” and significant segment expenses are listed on the accompanying Statements of Operations.

 

 

92 SEI Institutional International Trust
 
 

11. RECENT ACCOUNTING PRONOUNCEMENT

 

In December 2023, the FASB issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740) Improvements to Income Tax Disclosures, which amends quantitative and qualitative income tax disclosure requirements in order to increase disclosure consistency, bifurcate income tax information by jurisdiction and remove information that is no longer beneficial. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, and early adoption is permitted. Management is evaluating the impact of these changes on the Funds’ financial statements.

 

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 March 31, 2026.

 
SEI Institutional International Trust 93
 
 

OTHER INFORMATION (FORM N-CSRS ITEMS 8-11) (Unadited)

 

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

 

Not applicable.

 

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

 

Not applicable.

 

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

 

The remuneration paid by the company during the period covered by the report to the Trustees on the company’s Board of Trustees is disclosed within the Statement(s) of Operations of the financial statements (Item 7).

 

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

 

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 first half of the Trust’s fiscal year, the Board requested and received written materials from SIMC and certain 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 over various periods of time compared with peer groups of mutual funds prepared by Broadridge and the Funds’ benchmark indexes.

 

 

94 SEI Institutional International Trust
 
 

At the December 8-10, 2025 meeting of the Board, certain Sub-Advisory Agreements were either initially approved or renewed by the Trustees, including a majority of the Independent Trustees. In addition, the Board approved a brief extension of the Advisory Agreement and certain Sub-Advisory Agreements already in effect (unless operating under an initial two-year term) to accommodate a revised Spring meeting schedule. Typically, the Trustees renew the Advisory Agreement and certain Sub-Advisory Agreements at the first quarterly in-person meeting of the calendar year in March. Agreements regularly renewed at the March meeting expire on April 1 of the following year. Because the first quarterly in-person meeting of the Board in calendar year 2026 was held on March 31-April 2, 2026, the Advisory Agreement and certain Sub-Advisory Agreements would have expired prior to the meeting, without the extension. Accordingly, the Board voted in-person at the December 8-10, 2025 meeting to extend the Advisory Agreement and certain Sub-Advisory Agreements until the March 31-April 2, 2026 meeting. In evaluating whether to approve the extension of the Advisory Agreement and certain Sub-Advisory Agreements, the Board considered the information made available to it throughout the course of the year by representatives of the SEI investment and compliance teams. At the March 31-April 2, 2026 meeting, the Board evaluated the Advisory Agreement and the applicable Sub-Advisory Agreements in accordance with the renewal process that it typically applies during the annual contract renewal each Spring. Additionally, at the March 31-April 2, 2026 meeting of the Board, certain Sub-Advisory Agreements were initially approved by the Trustees, including a majority of the Independent Trustees. Although outside the scope of the period covered by this report, the Board’s renewal of the Advisory Agreement and the renewal or approval of applicable Sub-Advisory Agreements at the March 31-April 2, 2026 meeting of the Board is discussed herein, consistent with prior shareholder reports of the Funds. The Board’s approvals were based on its consideration and evaluation of the factors described above, as discussed at the meeting and at prior meetings, such as the December 8-10, 2025 meeting. In each case, the Board’s renewal, or initial approval, was based on its consideration and evaluation of the factors described above, as discussed at the meetings and at prior meetings, as applicable. The following discusses some, but not all, of the factors that were considered by the Board in connection with its assessment of the Advisory Agreement and the applicable Sub-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 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 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 renewal of the Sub-Advisory Agreement.

 

 

SEI Institutional International Trust 95

 
 

OTHER INFORMATION (FORM N-CSRS ITEMS 8-11) (Unadited) (Concluded)

  

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 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 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 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 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 renewal 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.

 

 

96 SEI Institutional International Trust

 
 

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SEI INSTITUTIONAL INTERNATIONAL TRUST / SEMI-ANNUAL REPORT / MARCH 31, 2026

 

Trustees

Robert A. Nesher, Chairman

Dennis McGonigle

Nina Lesavoy

James M. Williams

Susan C. Cote

James B. Taylor

Christine Reynolds

Thomas Melendez

Kimberly Walker

Eli Powell Niepoky

 

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

Marci Morgan

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)

 

 
 

 

 

1 Freedom Valley Drive

P.O. Box 1100

Oaks, Pennsylvania 19456

 

SEI-F-018 (9/25)

 

 

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

 

Included under item 7.

 

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

 

Included under item 7.

 

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

 

Included under item 7.

 

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

 

Included under item 7.

 

 

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

 

Not applicable to open-end management investment companies.

 

Item 13. Portfolio Managers of Closed-End Management Investment Companies.

 

Not applicable to open-end management investment companies.

 

Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

 

Not applicable to open-end management investment companies.

 

Item 15. 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 16. 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 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

 

Not applicable to open-end management investment companies.

 

Item 18. Recovery of Erroneously Awarded Compensation.

 

(a) Not applicable.

 

(b) Not applicable.

 

Item 19. Exhibits.

 

(a)(1) Not applicable for semi-annual report.

 

(a)(2) Not applicable for semi-annual report.

 

 

(a)(3) A separate certification for the principal executive officer and the principal financial officer of the Registrant, as required by Rule 30a-2(a) under Investment Company the Act of 1940, are filed herewith.

 

(a)(4) Not applicable.

 

(a)(5) Not applicable.

 

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

 

 

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  
  (Principal Executive Officer)  

 

Date: June 5, 2026

 

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  
  (Principal Executive Officer)  

Date: June 5, 2026

     
By:  /s/ Glenn R. Kurdziel  
Glenn R. Kurdziel  
  Controller & CFO  
  (Principal Financial Officer)  

  

Date: June 5, 2026

 


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