# EDGAR Filing Document

**Accession Number:** 0000835597
**File Stem:** 0001398344-25-022110
**Filing Date:** 2025-12
**Character Count:** 600568
**Document Hash:** e96069e81f389565f14156660c40c556
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-022110.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001398344-25-022110

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 39

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**EFFECTIVENESS DATE**: 20251205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEI INSTITUTIONAL INTERNATIONAL TRUST
- **CENTRAL INDEX KEY:** 0000835597

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05601
- **FILM NUMBER:** 251554019

**BUSINESS ADDRESS:**
- **STREET 1:** SEI INVESTMENTS ATTN: CAREN ROSCH
- **STREET 2:** 1FREEDOM CIRCLE DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** 610 676-3097

**MAIL ADDRESS:**
- **STREET 1:** SEI INVESTMENTS ATTN: CAREN ROSCH
- **STREET 2:** 1FREEDOM CIRCLE DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEI INTERNATIONAL TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEI WEALTH MANAGEMENT TRUST
- **DATE OF NAME CHANGE:** 19900129

## Series and Classes Contracts Data

### SIT INTERNATIONAL EQUITY FUND (Series ID: S000006418)

| Class ID   | Class Name                                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000017606 | SIT INTERNATIONAL EQUITY FUND - CLASS I                                         | SEEIX           |
| C000017607 | SIT INTERNATIONAL EQUITY FUND - CLASS F, effective 1-31-2017 (formerly Class A) | SEITX           |
| C000147407 | Class Y                                                                         | SEFCX           |

### SIT INTERNATIONAL FIXED INCOME FUND (Series ID: S000006419)

| Class ID   | Class Name                                                                            | Ticker Symbol   |
|:---|:---|:---|
| C000017608 | SIT INTERNATIONAL FIXED INCOME FUND - CLASS F, effective 1-31-2017 (formerly Class A) | SEFIX           |
| C000147408 | Class Y                                                                               | SIFIX           |

### SIT EMERGING MARKETS EQUITY FUND (Series ID: S000006420)

| Class ID   | Class Name                                                                         | Ticker Symbol   |
|:---|:---|:---|
| C000017609 | SIT EMERGING MARKETS EQUITY FUND - CLASS F, effective 1-31-2017 (formerly Class A) | SIEMX           |
| C000147409 | Class Y                                                                            | SEQFX           |

### SIT EMERGING MARKETS DEBT FUND (Series ID: S000006421)

| Class ID   | Class Name                                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000017610 | SIT EMERGING MARKETS DEBT FUND - CLASS F, effective 1-31-2017 (formerly Class A) | SITEX           |
| C000147410 | Class Y                                                                          | SIEDX           |

?xml version='1.0' encoding='ASCII'? Consolidated ssr-output-EDGAR XBRL File

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT** 

**INVESTMENT COMPANIES**

**Investment Company Act file number 811-05601**

**SEI Institutional International Trust**

(Exact name of registrant as specified in charter)

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Address of principal executive offices) (Zip code)

Timothy D. Barto, Esq.

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Name and address of agent for service)

**Registrant's telephone number, including area code: 610-676-1000**

**Date of fiscal year end: September 30, 2025**

**Date of reporting period: September 30, 2025**

Item 1. Reports to Stockholders.

(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

**# Annual Shareholder Report: September 30, 2025
![Image](i44326891186001e0ffa8ba04.jpg)

## International Equity Fund

## SEI Institutional International Trust/Class F Shares - SEITX

## Fund Overview
This annual shareholder report contains important information about Class F Shares of the International Equity Fund (the "Fund") for the period from October 1, 2024 to September 30, 2025. 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. This annual shareholder report describes changes to the Fund that occurred during the reporting period.

## What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Equity Fund, Class F Shares | $120 | 1.09%<sup>Footnote Reference(1)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(1) | &nbsp;&nbsp;The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 1.07%. |

---

## How did the Fund perform during the last 10 years?

### Total Return Based on $100,000 Investment
![Growth Chart](i97ba1509940f03a1795125f6.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | International Equity Fund, Class F Shares | MSCI ACWI ex USA Index (USD) (NR)<sup>Footnote Reference\*</sup><sup>Footnote Reference†</sup> | MSCI EAFE Index (USD) (NR)<sup>Footnote Reference†</sup><sup>Footnote Reference‡</sup> |
| Sep/15 | $100000 | $100000 | $100000 |
| Sep/16 | $105634 | $109257 | $106517 |
| Sep/17 | $125952 | $130682 | $126866 |
| Sep/18 | $128610 | $132985 | $130338 |
| Sep/19 | $122659 | $131351 | $128593 |
| Sep/20 | $126875 | $135293 | $129229 |
| Sep/21 | $160085 | $167650 | $162480 |
| Sep/22 | $117146 | $125458 | $121647 |
| Sep/23 | $149722 | $151037 | $152846 |
| Sep/24 | $187346 | $189329 | $190699 |
| Sep/25 | $226113 | $220465 | $219282 |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;ACWI – All Country World Index |
| &nbsp;&nbsp;Footnote† | &nbsp;&nbsp;Net Return (NR) - Reflects no deductions for fees, expenses or taxes (except foreign withholding taxes). |
| &nbsp;&nbsp;Footnote‡ | &nbsp;&nbsp;EAFE – Europe, Australasia, and the Far East |

---

## How did the Fund perform in the last year?
The Fund outperformed its benchmark, the MSCI EAFE Index (Net), for the 12-month period ending September 30, 2025.

Fund performance for the reporting period was bolstered by the momentum and value strategies, while the quality and low volatility strategies lagged. The momentum strategy benefited from the market's continued upward trend, with themes such as banks, artificial intelligence (AI), and defense consistently outperforming over the period. The value strategy performed well due to cheaper stocks in areas such as banks, Japanese industrials, telecommunications, and utilities. Quality stocks in healthcare and consumer staples generally underperformed over the reporting period. Sector allocation had a minimal effect on Fund performance; however, stock selection was positive within sectors, most notably financials, materials, and healthcare. The Fund's country positioning enhanced performance due primarily to the roughly 6% weight in emerging Asia, which benefited from outperformance in China.

The performance of the Fund's sub-advisers was positive overall during the reporting period. Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust (Macquarie)—which has since been terminated as a Fund manager—underperformed, and Acadian Asset Management LLC was the strongest-performing manager due to its positive exposure to the momentum and value factors. The quantitative investment management (QIM) team within SEI Investments Management Corp. (SIMC) was bolstered by strong stock selection in capital goods, materials, and banks. Value manager Pzena Investment Management, LLC outperformed, consistent with expectations given the strength of the value factor over the period. Stock selection in information technology, particularly in Japan and China, drove the manager's outperformance. WCM Investment Management LLC (WCM) outperformed even though its quality growth bias was generally out of favor. WCM capitalized primarily on some of its capital goods stocks, which are benefiting from European infrastructure plans, as well as AI-related stocks.

## Average Annual Total Returns as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
| International Equity Fund, Class F Shares | 20.69% | 12.25% | 8.50% |
| MSCI ACWI ex USA Index (USD) (NR)<sup>Footnote Reference\*</sup><sup>Footnote Reference†</sup> | 16.45% | 10.26% | 8.23% |
| MSCI EAFE Index (USD) (NR)<sup>Footnote Reference†</sup><sup>Footnote Reference‡</sup> | 14.99% | 11.15% | 8.17% |

---

The line graph represents historical performance of a hypothetical investment of $100,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.

## Key Fund Statistics as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Total Net Assets (000's) | Number of Holdings | Total Advisory Fees Paid (000's) | Portfolio Turnover Rate |
| $3685607 | 880 | $17804 | 89% |

---

## What did the Fund invest in?

### Country Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](iffd3b350f048b4a637c8f628.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Total Return Swaps | 0.0% |
| Futures Contracts | 0.0% |
| Other Countries | 19.9% |
| China | 2.2% |
| U.S. Treasury Obligation | 2.4% |
| Spain | 2.4% |
| Australia | 3.8% |
| Italy | 4.0% |
| Switzerland | 4.5% |
| Netherlands | 5.0% |
| France | 6.0% |
| United States | 8.4% |
| Germany | 10.1% |
| United Kingdom | 11.6% |
| Japan | 17.2% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | |
|:---|:---|
| Holding Name | Percentage of Total Net Assets<sup>Footnote Reference(A)</sup> |
| U.S. Treasury Bill, 3.95%, 2/26/2026 | 2.4% |
| Novartis AG | 1.5% |
| Roche Holding AG | 1.3% |
| HSBC Holdings PLC | 1.1% |
| UBS Group AG | 1.0% |
| Siemens Energy AG | 1.0% |
| ING Groep NV | 1.0% |
| Barclays PLC | 0.9% |
| GSK PLC | 0.9% |
| SAP SE | 0.9% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(A) | &nbsp;&nbsp;Cash Equivalents are not shown in the top ten chart. |

---

## Material Fund Changes
The Fund removed Lazard Asset Management LLC, Causeway Capital Management LLC and Macquarie as sub-advisers over the reporting period. The QIM team was added to directly manage a portion of the Fund's assets during the period.

## Changes in and Disagreements with Accountants
There were no changes in or disagreements with accountants during the reporting period.

## 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 

## International Equity Fund

## SEI Institutional International Trust/Class F Shares - SEITX

## Annual Shareholder Report: September 30, 2025

## SEITX-AR-2025
![Image](i44326891186001e0ffa8ba04.jpg)

# Annual Shareholder Report: September 30, 2025
![Image](i44326891186001e0ffa8ba04.jpg)

## International Equity Fund

## SEI Institutional International Trust/Class I Shares - SEEIX

## Fund Overview
This annual shareholder report contains important information about Class I Shares of the International Equity Fund (the "Fund") for the period from October 1, 2024 to September 30, 2025. 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. This annual shareholder report describes changes to the Fund that occurred during the reporting period.

## What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Equity Fund, Class I Shares | $148 | 1.34%<sup>Footnote Reference(1)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(1) | &nbsp;&nbsp;The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 1.32%. |

---

## How did the Fund perform during the last 10 years?

### Total Return Based on $100,000 Investment
![Growth Chart](ibc7e91a100b2edc44e250ae5.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | International Equity Fund, Class I Shares | MSCI ACWI ex USA Index (USD) (NR)<sup>Footnote Reference\*</sup><sup>Footnote Reference†</sup> | MSCI EAFE Index (USD) (NR)<sup>Footnote Reference†</sup><sup>Footnote Reference‡</sup> |
| Sep/15 | $100000 | $100000 | $100000 |
| Sep/16 | $105269 | $109257 | $106517 |
| Sep/17 | $125271 | $130682 | $126866 |
| Sep/18 | $127598 | $132985 | $130338 |
| Sep/19 | $121346 | $131351 | $128593 |
| Sep/20 | $125219 | $135293 | $129229 |
| Sep/21 | $157664 | $167650 | $162480 |
| Sep/22 | $115016 | $125458 | $121647 |
| Sep/23 | $146796 | $151037 | $152846 |
| Sep/24 | $183167 | $189329 | $190699 |
| Sep/25 | $220417 | $220465 | $219282 |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;ACWI – All Country World Index |
| &nbsp;&nbsp;Footnote† | &nbsp;&nbsp;Net Return (NR) - Reflects no deductions for fees, expenses or taxes (except foreign withholding taxes). |
| &nbsp;&nbsp;Footnote‡ | &nbsp;&nbsp;EAFE – Europe, Australasia, and the Far East |

---

## How did the Fund perform in the last year?
The Fund outperformed its benchmark, the MSCI EAFE Index (Net), for the 12-month period ending September 30, 2025.

Fund performance for the reporting period was bolstered by the momentum and value strategies, while the quality and low volatility strategies lagged. The momentum strategy benefited from the market's continued upward trend, with themes such as banks, artificial intelligence (AI), and defense consistently outperforming over the period. The value strategy performed well due to cheaper stocks in areas such as banks, Japanese industrials, telecommunications, and utilities. Quality stocks in healthcare and consumer staples generally underperformed over the reporting period. Sector allocation had a minimal effect on Fund performance; however, stock selection was positive within sectors, most notably financials, materials, and healthcare. The Fund's country positioning enhanced performance due primarily to the roughly 6% weight in emerging Asia, which benefited from outperformance in China.

The performance of the Fund's sub-advisers was positive overall during the reporting period. Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust (Macquarie)—which has since been terminated as a Fund manager—underperformed, and Acadian Asset Management LLC was the strongest-performing manager due to its positive exposure to the momentum and value factors. The quantitative investment management (QIM) team within SEI Investments Management Corp. (SIMC) was bolstered by strong stock selection in capital goods, materials, and banks. Value manager Pzena Investment Management, LLC outperformed, consistent with expectations given the strength of the value factor over the period. Stock selection in information technology, particularly in Japan and China, drove the manager's outperformance. WCM Investment Management LLC (WCM) outperformed even though its quality growth bias was generally out of favor. WCM capitalized primarily on some of its capital goods stocks, which are benefiting from European infrastructure plans, as well as AI-related stocks.

## Average Annual Total Returns as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
| International Equity Fund, Class I Shares | 20.34% | 11.97% | 8.22% |
| MSCI ACWI ex USA Index (USD) (NR)<sup>Footnote Reference\*</sup><sup>Footnote Reference†</sup> | 16.45% | 10.26% | 8.23% |
| MSCI EAFE Index (USD) (NR)<sup>Footnote Reference†</sup><sup>Footnote Reference‡</sup> | 14.99% | 11.15% | 8.17% |

---

The line graph represents historical performance of a hypothetical investment of $100,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.

## Key Fund Statistics as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Total Net Assets (000's) | Number of Holdings | Total Advisory Fees Paid (000's) | Portfolio Turnover Rate |
| $3685607 | 880 | $17804 | 89% |

---

## What did the Fund invest in?

### Country Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](i9ad2ea7245894e65c765419f.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Total Return Swaps | 0.0% |
| Futures Contracts | 0.0% |
| Other Countries | 19.9% |
| China | 2.2% |
| U.S. Treasury Obligation | 2.4% |
| Spain | 2.4% |
| Australia | 3.8% |
| Italy | 4.0% |
| Switzerland | 4.5% |
| Netherlands | 5.0% |
| France | 6.0% |
| United States | 8.4% |
| Germany | 10.1% |
| United Kingdom | 11.6% |
| Japan | 17.2% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | |
|:---|:---|
| Holding Name | Percentage of Total Net Assets<sup>Footnote Reference(A)</sup> |
| U.S. Treasury Bill, 3.95%, 2/26/2026 | 2.4% |
| Novartis AG | 1.5% |
| Roche Holding AG | 1.3% |
| HSBC Holdings PLC | 1.1% |
| UBS Group AG | 1.0% |
| Siemens Energy AG | 1.0% |
| ING Groep NV | 1.0% |
| Barclays PLC | 0.9% |
| GSK PLC | 0.9% |
| SAP SE | 0.9% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(A) | &nbsp;&nbsp;Cash Equivalents are not shown in the top ten chart. |

---

## Material Fund Changes
The Fund removed Lazard Asset Management LLC, Causeway Capital Management LLC and Macquarie as sub-advisers over the reporting period. The QIM team was added to directly manage a portion of the Fund's assets during the period.

## Changes in and Disagreements with Accountants
There were no changes in or disagreements with accountants during the reporting period.

## 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 

## International Equity Fund

## SEI Institutional International Trust/Class I Shares - SEEIX

## Annual Shareholder Report: September 30, 2025

## SEEIX-AR-2025
![Image](i44326891186001e0ffa8ba04.jpg)

# Annual Shareholder Report: September 30, 2025
![Image](i44326891186001e0ffa8ba04.jpg)

## International Equity Fund

## SEI Institutional International Trust/Class Y Shares - SEFCX

## Fund Overview
This annual shareholder report contains important information about Class Y Shares of the International Equity Fund (the "Fund") for the period from October 1, 2024 to September 30, 2025. 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. This annual shareholder report describes changes to the Fund that occurred during the reporting period.

## What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Equity Fund, Class Y Shares | $93 | 0.84%<sup>Footnote Reference(1)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(1) | &nbsp;&nbsp;The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.82%. |

---

## How did the Fund perform during the last 10 years?

### Total Return Based on $100,000 Investment
![Growth Chart](i643ccd9d44e7a7348113cc9c.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | International Equity Fund, Class Y Shares | MSCI ACWI ex USA Index (USD) (NR)<sup>Footnote Reference\*</sup><sup>Footnote Reference†</sup> | MSCI EAFE Index (USD) (NR)<sup>Footnote Reference†</sup><sup>Footnote Reference‡</sup> |
| Sep/15 | $100000 | $100000 | $100000 |
| Sep/16 | $105768 | $109257 | $106517 |
| Sep/17 | $126484 | $130682 | $126866 |
| Sep/18 | $129519 | $132985 | $130338 |
| Sep/19 | $123780 | $131351 | $128593 |
| Sep/20 | $128331 | $135293 | $129229 |
| Sep/21 | $162398 | $167650 | $162480 |
| Sep/22 | $119038 | $125458 | $121647 |
| Sep/23 | $152681 | $151037 | $152846 |
| Sep/24 | $191493 | $189329 | $190699 |
| Sep/25 | $231621 | $220465 | $219282 |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;ACWI – All Country World Index |
| &nbsp;&nbsp;Footnote† | &nbsp;&nbsp;Net Return (NR) - Reflects no deductions for fees, expenses or taxes (except foreign withholding taxes). |
| &nbsp;&nbsp;Footnote‡ | &nbsp;&nbsp;EAFE – Europe, Australasia, and the Far East |

---

## How did the Fund perform in the last year?
The Fund outperformed its benchmark, the MSCI EAFE Index (Net), for the 12-month period ending September 30, 2025.

Fund performance for the reporting period was bolstered by the momentum and value strategies, while the quality and low volatility strategies lagged. The momentum strategy benefited from the market's continued upward trend, with themes such as banks, artificial intelligence (AI), and defense consistently outperforming over the period. The value strategy performed well due to cheaper stocks in areas such as banks, Japanese industrials, telecommunications, and utilities. Quality stocks in healthcare and consumer staples generally underperformed over the reporting period. Sector allocation had a minimal effect on Fund performance; however, stock selection was positive within sectors, most notably financials, materials, and healthcare. The Fund's country positioning enhanced performance due primarily to the roughly 6% weight in emerging Asia, which benefited from outperformance in China.

The performance of the Fund's sub-advisers was positive overall during the reporting period. Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust (Macquarie)—which has since been terminated as a Fund manager—underperformed, and Acadian Asset Management LLC was the strongest-performing manager due to its positive exposure to the momentum and value factors. The quantitative investment management (QIM) team within SEI Investments Management Corp. (SIMC) was bolstered by strong stock selection in capital goods, materials, and banks. Value manager Pzena Investment Management, LLC outperformed, consistent with expectations given the strength of the value factor over the period. Stock selection in information technology, particularly in Japan and China, drove the manager's outperformance. WCM Investment Management LLC (WCM) outperformed even though its quality growth bias was generally out of favor. WCM capitalized primarily on some of its capital goods stocks, which are benefiting from European infrastructure plans, as well as AI-related stocks.

## Average Annual Total Returns as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
| International Equity Fund, Class Y Shares | 20.96% | 12.54% | 8.76% |
| MSCI ACWI ex USA Index (USD) (NR)<sup>Footnote Reference\*</sup><sup>Footnote Reference†</sup> | 16.45% | 10.26% | 8.23% |
| MSCI EAFE Index (USD) (NR)<sup>Footnote Reference†</sup><sup>Footnote Reference‡</sup> | 14.99% | 11.15% | 8.17% |

---

The line graph represents historical performance of a hypothetical investment of $100,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.

## Key Fund Statistics as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Total Net Assets (000's) | Number of Holdings | Total Advisory Fees Paid (000's) | Portfolio Turnover Rate |
| $3685607 | 880 | $17804 | 89% |

---

## What did the Fund invest in?

### Country Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](i9cdb0d85f35087431b09a402.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Total Return Swaps | 0.0% |
| Futures Contracts | 0.0% |
| Other Countries | 19.9% |
| China | 2.2% |
| U.S. Treasury Obligation | 2.4% |
| Spain | 2.4% |
| Australia | 3.8% |
| Italy | 4.0% |
| Switzerland | 4.5% |
| Netherlands | 5.0% |
| France | 6.0% |
| United States | 8.4% |
| Germany | 10.1% |
| United Kingdom | 11.6% |
| Japan | 17.2% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | |
|:---|:---|
| Holding Name | Percentage of Total Net Assets<sup>Footnote Reference(A)</sup> |
| U.S. Treasury Bill, 3.95%, 2/26/2026 | 2.4% |
| Novartis AG | 1.5% |
| Roche Holding AG | 1.3% |
| HSBC Holdings PLC | 1.1% |
| UBS Group AG | 1.0% |
| Siemens Energy AG | 1.0% |
| ING Groep NV | 1.0% |
| Barclays PLC | 0.9% |
| GSK PLC | 0.9% |
| SAP SE | 0.9% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(A) | &nbsp;&nbsp;Cash Equivalents are not shown in the top ten chart. |

---

## Material Fund Changes
The Fund removed Lazard Asset Management LLC, Causeway Capital Management LLC and Macquarie as sub-advisers over the reporting period. The QIM team was added to directly manage a portion of the Fund's assets during the period.

## Changes in and Disagreements with Accountants
There were no changes in or disagreements with accountants during the reporting period.

## 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 

## International Equity Fund

## SEI Institutional International Trust/Class Y Shares - SEFCX

## Annual Shareholder Report: September 30, 2025

## SEFCX-AR-2025
![Image](i44326891186001e0ffa8ba04.jpg)

# Annual Shareholder Report: September 30, 2025
![Image](i44326891186001e0ffa8ba04.jpg)

## Emerging Markets Equity Fund

## SEI Institutional International Trust/Class F Shares - SIEMX

## Fund Overview
This annual shareholder report contains important information about Class F Shares of the Emerging Markets Equity Fund (the "Fund") for the period from October 1, 2024 to September 30, 2025. 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 year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| 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 | $137 | 1.25%<sup>Footnote Reference(1)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(1) | &nbsp;&nbsp;The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 1.23%. |

---

## How did the Fund perform during the last 10 years?

### Total Return Based on $100,000 Investment
![Growth Chart](ied8e711eff0592bdf6b10ac3.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | Emerging Markets Equity Fund, Class F Shares | MSCI ACWI ex USA Index (USD) (NR)<sup>Footnote Reference\*</sup><sup>Footnote Reference†</sup> | MSCI Emerging Markets Index (USD) (NR)<sup>Footnote Reference†</sup> |
| Sep/15 | $100000 | $100000 | $100000 |
| Sep/16 | $120657 | $109257 | $116783 |
| Sep/17 | $148524 | $130682 | $143012 |
| Sep/18 | $140049 | $132985 | $141851 |
| Sep/19 | $137747 | $131351 | $138991 |
| Sep/20 | $149796 | $135293 | $153639 |
| Sep/21 | $177702 | $167650 | $181608 |
| Sep/22 | $125713 | $125458 | $130550 |
| Sep/23 | $141204 | $151037 | $145824 |
| Sep/24 | $172874 | $189329 | $183814 |
| Sep/25 | $205037 | $220465 | $215655 |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;ACWI – All Country World Index |
| &nbsp;&nbsp;Footnote† | &nbsp;&nbsp;Net Return (NR) - Reflects no deductions for fees, expenses or taxes (except foreign withholding taxes). |

---

## How did the Fund perform in the last year?
The Fund outperformed its benchmark, the MSCI Emerging Markets Index (Net), for the 12-month period ending September 30, 2025.

The value investing style and the momentum factor outperformed the MSCI Emerging Markets Index over the reporting period and provided a positive backdrop for the Fund's outperformance. Value outperformed as relatively less expensive markets such as Korea, Greece, and China benefited from local government policy developments, while strong earnings and positive artificial intelligence (AI)-driven sentiment in ecommerce and information technology stocks trading at cheap valuations also had a positive impact. Meanwhile, expensive markets such as India underperformed the overall emerging markets due to weaker-than-expected economic growth and negative sentiment regarding U.S. tariffs on imported goods. Consequently, Robeco Institutional Asset Management US was a strong contributor to Fund performance. The quantitative investment management (QIM) team within SEI Investments Management Corp. (SIMC) benefited from the value tailwinds given the manager's bias towards value.

The momentum factor also performed well over the reporting period due to positive trends in markets such as China and Greece as well as reduced exposure to weak-performing markets such as India. Fund sub-adviser JOHCM (USA) Inc. benefited from these tailwinds and contributed positively to Fund performance over the reporting period. The quality investing style underperformed over the period as areas of the market with high profitability lagged due to elevated valuations and forecasts for weaker economic growth. This was a headwind to Aikya Investment Management's quality-oriented philosophy, which detracted from Fund performance for the period. From a country perspective, Fund performance was enhanced by the value-driven underweight allocations to both India and Saudi Arabia, along with overweights to Korea and Greece.

## Average Annual Total Returns as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
| Emerging Markets Equity Fund, Class F Shares | 18.60% | 6.48% | 7.44% |
| MSCI ACWI ex USA Index (USD) (NR)<sup>Footnote Reference\*</sup><sup>Footnote Reference†</sup> | 16.45% | 10.26% | 8.23% |
| MSCI Emerging Markets Index (USD) (NR)<sup>Footnote Reference†</sup> | 17.32% | 7.02% | 7.99% |

---

The line graph represents historical performance of a hypothetical investment of $100,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.

## Key Fund Statistics as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Total Net Assets (000's) | Number of Holdings | Total Advisory Fees Paid (000's) | Portfolio Turnover Rate |
| $1595440 | 483 | $10258 | 75% |

---

## What did the Fund invest in?

### Country Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](i825ada0f15ea7fdeaded4acb.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Futures Contracts | 0.0% |
| Other Countries | 11.3% |
| Hong Kong | 1.4% |
| Indonesia | 1.6% |
| United States | 1.7% |
| Hungary | 1.6% |
| Mexico | 2.1% |
| United Arab Emirates | 2.1% |
| South Africa | 4.4% |
| Brazil | 6.4% |
| India | 11.4% |
| South Korea | 12.2% |
| Taiwan | 16.2% |
| China | 26.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | |
|:---|:---|
| Holding Name | Percentage of Total Net Assets<sup>Footnote Reference(A)</sup> |
| Taiwan Semiconductor Manufacturing Co Ltd | 8.0% |
| Alibaba Group Holding Ltd | 4.2% |
| Tencent Holdings Ltd | 4.2% |
| Samsung Electronics Co Ltd | 3.0% |
| Naspers Ltd, Cl N | 1.6% |
| Taiwan Semiconductor Manufacturing Co Ltd ADR | 1.3% |
| NetEase Inc | 1.2% |
| SK Hynix Inc | 1.1% |
| OTP Bank Nyrt | 1.1% |
| Emaar Properties PJSC | 1.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(A) | &nbsp;&nbsp;Cash Equivalents are not shown in the top ten chart. |

---

## Material Fund Changes
There were no material changes to the Fund during the reporting period.

## Changes in and Disagreements with Accountants
There were no changes in or disagreements with accountants during the reporting period.

## 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 

## Emerging Markets Equity Fund

## SEI Institutional International Trust/Class F Shares - SIEMX

## Annual Shareholder Report: September 30, 2025

## SIEMX-AR-2025
![Image](i44326891186001e0ffa8ba04.jpg)

# Annual Shareholder Report: September 30, 2025
![Image](i44326891186001e0ffa8ba04.jpg)

## Emerging Markets Equity Fund

## SEI Institutional International Trust/Class Y Shares - SEQFX

## Fund Overview
This annual shareholder report contains important information about Class Y Shares of the Emerging Markets Equity Fund (the "Fund") for the period from October 1, 2024 to September 30, 2025. 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 year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| 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 | $109 | 1.00%<sup>Footnote Reference(1)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(1) | &nbsp;&nbsp;The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.98%. |

---

## How did the Fund perform during the last 10 years?

### Total Return Based on $100,000 Investment
![Growth Chart](i6eb940b66cf96f30f82c9484.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | Emerging Markets Equity Fund, Class Y Shares | MSCI ACWI ex USA Index (USD) (NR)<sup>Footnote Reference\*</sup><sup>Footnote Reference†</sup> | MSCI Emerging Markets Index (USD) (NR)<sup>Footnote Reference†</sup> |
| Sep/15 | $100000 | $100000 | $100000 |
| Sep/16 | $120952 | $109257 | $116783 |
| Sep/17 | $149329 | $130682 | $143012 |
| Sep/18 | $141178 | $132985 | $141851 |
| Sep/19 | $139147 | $131351 | $138991 |
| Sep/20 | $151659 | $135293 | $153639 |
| Sep/21 | $180410 | $167650 | $181608 |
| Sep/22 | $127904 | $125458 | $130550 |
| Sep/23 | $144054 | $151037 | $145824 |
| Sep/24 | $176930 | $189329 | $183814 |
| Sep/25 | $210229 | $220465 | $215655 |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;ACWI – All Country World Index |
| &nbsp;&nbsp;Footnote† | &nbsp;&nbsp;Net Return (NR) - Reflects no deductions for fees, expenses or taxes (except foreign withholding taxes). |

---

## How did the Fund perform in the last year?
The Fund outperformed its benchmark, the MSCI Emerging Markets Index (Net), for the 12-month period ending September 30, 2025.

The value investing style and the momentum factor outperformed the MSCI Emerging Markets Index over the reporting period and provided a positive backdrop for the Fund's outperformance. Value outperformed as relatively less expensive markets such as Korea, Greece, and China benefited from local government policy developments, while strong earnings and positive artificial intelligence (AI)-driven sentiment in ecommerce and information technology stocks trading at cheap valuations also had a positive impact. Meanwhile, expensive markets such as India underperformed the overall emerging markets due to weaker-than-expected economic growth and negative sentiment regarding U.S. tariffs on imported goods. Consequently, Robeco Institutional Asset Management US was a strong contributor to Fund performance. The quantitative investment management (QIM) team within SEI Investments Management Corp. (SIMC) benefited from the value tailwinds given the manager's bias towards value.

The momentum factor also performed well over the reporting period due to positive trends in markets such as China and Greece as well as reduced exposure to weak-performing markets such as India. Fund sub-adviser JOHCM (USA) Inc. benefited from these tailwinds and contributed positively to Fund performance over the reporting period. The quality investing style underperformed over the period as areas of the market with high profitability lagged due to elevated valuations and forecasts for weaker economic growth. This was a headwind to Aikya Investment Management's quality-oriented philosophy, which detracted from Fund performance for the period. From a country perspective, Fund performance was enhanced by the value-driven underweight allocations to both India and Saudi Arabia, along with overweights to Korea and Greece.

## Average Annual Total Returns as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
| Emerging Markets Equity Fund, Class Y Shares | 18.82% | 6.75% | 7.71% |
| MSCI ACWI ex USA Index (USD) (NR)<sup>Footnote Reference\*</sup><sup>Footnote Reference†</sup> | 16.45% | 10.26% | 8.23% |
| MSCI Emerging Markets Index (USD) (NR)<sup>Footnote Reference†</sup> | 17.32% | 7.02% | 7.99% |

---

The line graph represents historical performance of a hypothetical investment of $100,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.

## Key Fund Statistics as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Total Net Assets (000's) | Number of Holdings | Total Advisory Fees Paid (000's) | Portfolio Turnover Rate |
| $1595440 | 483 | $10258 | 75% |

---

## What did the Fund invest in?

### Country Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](i67c157370795c37904887239.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Futures Contracts | 0.0% |
| Other Countries | 11.3% |
| Hong Kong | 1.4% |
| Indonesia | 1.6% |
| United States | 1.7% |
| Hungary | 1.6% |
| Mexico | 2.1% |
| United Arab Emirates | 2.1% |
| South Africa | 4.4% |
| Brazil | 6.4% |
| India | 11.4% |
| South Korea | 12.2% |
| Taiwan | 16.2% |
| China | 26.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | |
|:---|:---|
| Holding Name | Percentage of Total Net Assets<sup>Footnote Reference(A)</sup> |
| Taiwan Semiconductor Manufacturing Co Ltd | 8.0% |
| Alibaba Group Holding Ltd | 4.2% |
| Tencent Holdings Ltd | 4.2% |
| Samsung Electronics Co Ltd | 3.0% |
| Naspers Ltd, Cl N | 1.6% |
| Taiwan Semiconductor Manufacturing Co Ltd ADR | 1.3% |
| NetEase Inc | 1.2% |
| SK Hynix Inc | 1.1% |
| OTP Bank Nyrt | 1.1% |
| Emaar Properties PJSC | 1.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(A) | &nbsp;&nbsp;Cash Equivalents are not shown in the top ten chart. |

---

## Material Fund Changes
There were no material changes to the Fund during the reporting period.

## Changes in and Disagreements with Accountants
There were no changes in or disagreements with accountants during the reporting period.

## 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 

## Emerging Markets Equity Fund

## SEI Institutional International Trust/Class Y Shares - SEQFX

## Annual Shareholder Report: September 30, 2025

## SEQFX-AR-2025
![Image](i44326891186001e0ffa8ba04.jpg)

# Annual Shareholder Report: September 30, 2025
![Image](i44326891186001e0ffa8ba04.jpg)

## International Fixed Income Fund

## SEI Institutional International Trust/Class F Shares - SEFIX

## Fund Overview
This annual shareholder report contains important information about Class F Shares of the International Fixed Income Fund (the "Fund") for the period from October 1, 2024 to September 30, 2025. 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 year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| 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 | $99 | 0.98%<sup>Footnote Reference(1)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(1) | &nbsp;&nbsp;The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.96%. |

---

## How did the Fund perform during the last 10 years?

### Total Return Based on $100,000 Investment
![Growth Chart](ic0e277d5fb55ee6e6f6db5d7.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | International Fixed Income Fund, Class F Shares | Bloomberg Global Aggregate Index (USD) | Bloomberg Global Aggregate ex-USD Index (USD Hedged) |
| Sep/15 | $100000 | $100000 | $100000 |
| Sep/16 | $107324 | $108834 | $107529 |
| Sep/17 | $106218 | $107465 | $106932 |
| Sep/18 | $107685 | $106049 | $109497 |
| Sep/19 | $117680 | $114105 | $121366 |
| Sep/20 | $118535 | $121222 | $123580 |
| Sep/21 | $117549 | $120118 | $122915 |
| Sep/22 | $105618 | $95577 | $110790 |
| Sep/23 | $107604 | $97719 | $114105 |
| Sep/24 | $117280 | $109435 | $125269 |
| Sep/25 | $119895 | $112065 | $129055 |

---

## How did the Fund perform in the last year?
The Fund modestly underperformed its benchmark, the Bloomberg Global Aggregate ex-USD Index (Hedged), for the 12-month period ending September 30, 2025.

Fund performance for the period benefited from duration underweights in Japan and Europe, a yield-curve steepening position in the U.S., overweight allocations to select emerging market local rates, including Mexico and Indonesia, and an overweight to Pemex. These gains were pared by a curve flattening bias in Japan and an underweight to China.

Long currency positions in the Swedish krona (SEK), Norwegian krone (NOK), and Mexican peso (MXN), along with a short position in the New Zealand dollar (NZD) enhanced Fund performance. However, these gains were trimmed by short exposures to the euro (EUR) and the Swiss franc (CHF), and long positions in the Japanese yen (JPY) and Korean won (KRW).

Among the Fund's sub-advisers, Wellington Management Company LLP outperformed due to underweight duration positions in Europe and Japan. Colchester Global Investors Limited modestly outperformed, benefiting from long currency positions in the SEK and NOK, and a short position in the NZD, an overweight to Mexican local rates and duration underweights in Europe and Japan. These gains were pared by a short currency position in the EUR, long exposure to the JPY, and an underweight to Chinese bonds. RBC Global Asset Management (UK) Limited (RBC) marginally underperformed because of a Japanese yield curve-flattener position and an underweight to Chinese policy bank bonds. An overweight to Mexican sovereign credit risk contributed positively to RBC's performance.

The Fund employed derivatives during the period for the purposes of efficient portfolio management.

## Average Annual Total Returns as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
| International Fixed Income Fund, Class F Shares | 2.23% | 0.23% | 1.83% |
| Bloomberg Global Aggregate Index (USD) | 2.40% | -1.56% | 1.15% |
| Bloomberg Global Aggregate ex-USD Index (USD Hedged) | 3.02% | 0.87% | 2.58% |

---

The line graph represents historical performance of a hypothetical investment of $100,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.

## Key Fund Statistics as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Total Net Assets (000's) | Number of Holdings | Total Advisory Fees Paid (000's) | Portfolio Turnover Rate |
| $376634 | 702 | $1101 | 87% |

---

## What did the Fund invest in?

### Country Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](ia57c5e2360786618c76108a9.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Futures Contracts | -0.1% |
| Credit Default Swaps | -0.1% |
| Forward Contracts | 0.1% |
| Interest Rate Swaps | 0.2% |
| Other Countries | 25.8% |
| Netherlands | 2.8% |
| Italy | 3.0% |
| Australia | 3.3% |
| France | 4.2% |
| United Kingdom | 4.2% |
| U.S. Treasury Obligation | 4.4% |
| Mexico | 5.0% |
| Canada | 5.4% |
| United States | 5.9% |
| Germany | 8.6% |
| China | 10.5% |
| Japan | 13.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | | | |
|:---|:---|:---|:---|
| Holding Name | Coupon Rate | Maturity Date | Percentage of Total Net Assets |
| Bundesobligation | 2.500% | 10/11/29 | 2.5% |
| U.S. Treasury Bill | 4.049% | 10/09/25 | 2.5% |
| Bank of China | 3.200% | 10/18/25 | 1.6% |
| U.S. Treasury Note | 3.750% | 04/30/27 | 1.4% |
| China Government Bond | 2.550% | 10/15/28 | 1.3% |
| Petroleos Mexicanos | 4.750% | 02/26/29 | 1.3% |
| Industrial & Commercial Bank of China | 3.200% | 10/25/25 | 1.3% |
| Japan Government Thirty Year Bond | 2.300% | 03/20/40 | 1.3% |
| Italy Buoni Poliennali Del Tesoro | 3.350% | 07/01/29 | 1.2% |
| Bundesobligation | 0.000% | 10/09/26 | 1.1% |

---

## Material Fund Changes
There were no material changes to the Fund during the reporting period.

## Changes in and Disagreements with Accountants
There were no changes in or disagreements with accountants during the reporting period.

## 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 

## International Fixed Income Fund

## SEI Institutional International Trust/Class F Shares - SEFIX

## Annual Shareholder Report: September 30, 2025

## SEFIX-AR-2025
![Image](i44326891186001e0ffa8ba04.jpg)

# Annual Shareholder Report: September 30, 2025
![Image](i44326891186001e0ffa8ba04.jpg)

## International Fixed Income Fund

## SEI Institutional International Trust/Class Y Shares - SIFIX

## Fund Overview
This annual shareholder report contains important information about Class Y Shares of the International Fixed Income Fund (the "Fund") for the period from October 1, 2024 to September 30, 2025. 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 year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| 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 | $74 | 0.73%<sup>Footnote Reference(1)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(1) | &nbsp;&nbsp;The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.71%. |

---

## How did the Fund perform since inception?

### Total Return Based on $100,000 Investment
![Growth Chart](i9548aa92da6da544b1a4348b.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | International Fixed Income Fund, Class Y Shares | Bloomberg Global Aggregate Index (USD) | Bloomberg Global Aggregate ex-USD Index (USD Hedged) |
| Sep/15 | $100000 | $100000 | $100000 |
| Sep/16 | $107509 | $108834 | $107529 |
| Sep/17 | $106690 | $107465 | $106932 |
| Sep/18 | $108483 | $106049 | $109497 |
| Sep/19 | $118831 | $114105 | $121366 |
| Sep/20 | $119878 | $121222 | $123580 |
| Sep/21 | $119225 | $120118 | $122915 |
| Sep/22 | $107308 | $95577 | $110790 |
| Sep/23 | $109775 | $97719 | $114105 |
| Sep/24 | $119863 | $109435 | $125269 |
| Sep/25 | $122783 | $112065 | $129055 |

---

## How did the Fund perform in the last year?
The Fund modestly underperformed its benchmark, the Bloomberg Global Aggregate ex-USD Index (Hedged), for the 12-month period ending September 30, 2025.

Fund performance for the period benefited from duration underweights in Japan and Europe, a yield-curve steepening position in the U.S., overweight allocations to select emerging market local rates, including Mexico and Indonesia, and an overweight to Pemex. These gains were pared by a curve flattening bias in Japan and an underweight to China.

Long currency positions in the Swedish krona (SEK), Norwegian krone (NOK), and Mexican peso (MXN), along with a short position in the New Zealand dollar (NZD) enhanced Fund performance. However, these gains were trimmed by short exposures to the euro (EUR) and the Swiss franc (CHF), and long positions in the Japanese yen (JPY) and Korean won (KRW).

Among the Fund's sub-advisers, Wellington Management Company LLP outperformed due to underweight duration positions in Europe and Japan. Colchester Global Investors Limited modestly outperformed, benefiting from long currency positions in the SEK and NOK, and a short position in the NZD, an overweight to Mexican local rates and duration underweights in Europe and Japan. These gains were pared by a short currency position in the EUR, long exposure to the JPY, and an underweight to Chinese bonds. RBC Global Asset Management (UK) Limited (RBC) marginally underperformed because of a Japanese yield curve-flattener position and an underweight to Chinese policy bank bonds. An overweight to Mexican sovereign credit risk contributed positively to RBC's performance.

The Fund employed derivatives during the period for the purposes of efficient portfolio management.

## Average Annual Total Returns as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
| International Fixed Income Fund, Class Y Shares | 2.44% | 0.48% | 2.07% |
| Bloomberg Global Aggregate Index (USD) | 2.40% | -1.56% | 1.15% |
| Bloomberg Global Aggregate ex-USD Index (USD Hedged) | 3.02% | 0.87% | 2.58% |

---

Since its inception on October 30, 2015. The line graph represents historical performance of a hypothetical investment of $100,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.

## Key Fund Statistics as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Total Net Assets (000's) | Number of Holdings | Total Advisory Fees Paid (000's) | Portfolio Turnover Rate |
| $376634 | 702 | $1101 | 87% |

---

## What did the Fund invest in?

### Country Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](iacc6c2775855b58b775a3492.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Futures Contracts | -0.1% |
| Credit Default Swaps | -0.1% |
| Forward Contracts | 0.1% |
| Interest Rate Swaps | 0.2% |
| Other Countries | 25.8% |
| Netherlands | 2.8% |
| Italy | 3.0% |
| Australia | 3.3% |
| France | 4.2% |
| United Kingdom | 4.2% |
| U.S. Treasury Obligation | 4.4% |
| Mexico | 5.0% |
| Canada | 5.4% |
| United States | 5.9% |
| Germany | 8.6% |
| China | 10.5% |
| Japan | 13.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | | | |
|:---|:---|:---|:---|
| Holding Name | Coupon Rate | Maturity Date | Percentage of Total Net Assets |
| Bundesobligation | 2.500% | 10/11/29 | 2.5% |
| U.S. Treasury Bill | 4.049% | 10/09/25 | 2.5% |
| Bank of China | 3.200% | 10/18/25 | 1.6% |
| U.S. Treasury Note | 3.750% | 04/30/27 | 1.4% |
| China Government Bond | 2.550% | 10/15/28 | 1.3% |
| Petroleos Mexicanos | 4.750% | 02/26/29 | 1.3% |
| Industrial & Commercial Bank of China | 3.200% | 10/25/25 | 1.3% |
| Japan Government Thirty Year Bond | 2.300% | 03/20/40 | 1.3% |
| Italy Buoni Poliennali Del Tesoro | 3.350% | 07/01/29 | 1.2% |
| Bundesobligation | 0.000% | 10/09/26 | 1.1% |

---

## Material Fund Changes
There were no material changes to the Fund during the reporting period.

## Changes in and Disagreements with Accountants
There were no changes in or disagreements with accountants during the reporting period.

## 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 

## International Fixed Income Fund

## SEI Institutional International Trust/Class Y Shares - SIFIX

## Annual Shareholder Report: September 30, 2025

## SIFIX-AR-2025
![Image](i44326891186001e0ffa8ba04.jpg)

# Annual Shareholder Report: September 30, 2025
![Image](i44326891186001e0ffa8ba04.jpg)

## Emerging Markets Debt Fund

## SEI Institutional International Trust/Class F Shares - SITEX

## Fund Overview
This annual shareholder report contains important information about Class F Shares of the Emerging Markets Debt Fund (the "Fund") for the period from October 1, 2024 to September 30, 2025. 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. This annual shareholder report describes changes to the Fund that occurred during the reporting period.

## What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| 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 | $111 | 1.06%<sup>Footnote Reference(1)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(1) | &nbsp;&nbsp;The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 1.04%. |

---

## How did the Fund perform during the last 10 years?

### Total Return Based on $100,000 Investment
![Growth Chart](i54c8fa7901243d6a3bf6c7d1.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | Emerging Markets Debt Fund, Class F Shares | Bloomberg Global Aggregate Index (USD) | 50/50 JPM EMBI Global Div & JPM GBI EM Global Div<sup>Footnote Reference\*</sup> |
| Sep/15 | $100000 | $100000 | $100000 |
| Sep/16 | $116397 | $108834 | $116749 |
| Sep/17 | $124467 | $107465 | $123728 |
| Sep/18 | $115988 | $106049 | $118034 |
| Sep/19 | $125854 | $114105 | $130907 |
| Sep/20 | $125188 | $121222 | $130878 |
| Sep/21 | $131080 | $120118 | $135478 |
| Sep/22 | $99570 | $95577 | $105062 |
| Sep/23 | $112648 | $97719 | $117224 |
| Sep/24 | $132641 | $109435 | $135984 |
| Sep/25 | $145567 | $112065 | $146834 |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;EMBI – Emerging Markets Bond Index |

---

## How did the Fund perform in the last year?
The Fund outperformed its benchmark, a hybrid of 50% J.P. Morgan EMBI Global Diversified Index (JPM EMBI GD) and 50% J.P. Morgan GBI Emerging Markets Global Diversified Index (JPM GBI-EM GD), for the 12-month period ending September 30, 2025.

Among the Fund's sub-advisers, both Marathon Asset Management, L.P. (Marathon) and Grantham, Mayo, Van Otterloo & Co. LLC (GMO), taking risk in hard-currency markets, enhanced Fund performance during the period. Marathon's performance was driven by security selection in Mexico and underweights in Qatar and China, while GMO benefited mainly from high-yield exposure. Colchester Global Investors Limited performed well during the period bolstered largely by a weakening U.S. dollar and increased developed-market volatility. Some of this outperformance was pared by exposure to Latin American currencies and rates in the fourth quarter of 2024, due primarily to inflationary concerns and increased tariff-related rhetoric during the U.S. presidential campaign, which also contributed to Ninety One UK Ltd.'s (Ninety One) underperformance prior to its termination in December 2024. Invesco Advisers Inc. (Invesco) and Artisan Partners Limited Partnership (Artisan), hired as sub-advisers in late December 2024, contributed positively to Fund performance attributable primarily to exposure to Brazilian and Egyptian currencies.

Neuberger Berman Investment Advisers LLC (Neuberger Berman)—which was terminated as a Fund manager in December 2024—outperformed due to active high-yield exposure in El Salvador, Argentina, and the Philippines.

Regarding the use of derivatives during the reporting period, the Fund employed currency forwards and interest-rate swaps in an effort to efficiently optimize active currency and duration exposures. Currency forwards had a material impact on Fund performance during the period as 50% of the blended reference index is directly affected by foreign currencies. Positive and negative effects were on a country-to-country basis, depending on whether the currency forward increased or decreased currency exposure, and whether the currency strengthened or weakened relative to the U.S. dollar.

## Average Annual Total Returns as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
| Emerging Markets Debt Fund, Class F Shares | 9.75% | 3.06% | 3.83% |
| Bloomberg Global Aggregate Index (USD) | 2.40% | -1.56% | 1.15% |
| 50/50 JPM EMBI Global Div & JPM GBI EM Global Div<sup>Footnote Reference\*</sup> | 7.98% | 2.33% | 3.92% |

---

The line graph represents historical performance of a hypothetical investment of $100,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.

## Key Fund Statistics as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Total Net Assets (000's) | Number of Holdings | Total Advisory Fees Paid (000's) | Portfolio Turnover Rate |
| $943363 | 899 | $3433 | 149% |

---

## What did the Fund invest in?

### Country Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](i4461948ae7a6aaa303592529.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Credit Default Swaps | -0.1% |
| Written Options | -0.1% |
| Forward Contracts | 0.0% |
| Futures Contracts | 0.0% |
| Total Return Swaps | 0.0% |
| Purchased Options | 0.2% |
| Interest Rate Swaps | 0.3% |
| Other Countries | 41.6% |
| Supra-National | 2.4% |
| Egypt | 2.4% |
| Romania | 3.5% |
| Peru | 3.6% |
| Turkey | 3.5% |
| Poland | 3.8% |
| Brazil | 4.0% |
| Colombia | 4.7% |
| South Africa | 5.8% |
| Malaysia | 6.1% |
| Mexico | 7.0% |
| Indonesia | 7.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | | | |
|:---|:---|:---|:---|
| Holding Name | Coupon Rate | Maturity Date | Percentage of Total Net Assets |
| Malaysia Government Bond | 3.900% | 11/30/26 | 1.3% |
| Republic of South Africa Government Bond, ZAR | 8.750% | 02/28/48 | 1.1% |
| Petroleos Mexicanos | 7.690% | 01/23/50 | 1.0% |
| Republic of South Africa Government Bond, ZAR | 8.750% | 01/31/44 | 1.0% |
| Peru Government Bond | 5.400% | 08/12/34 | 0.9% |
| Mexican Bonos | 8.000% | 07/31/53 | 0.8% |
| Kuwait International Government Bond | 4.652% | 10/09/35 | 0.8% |
| Egypt Government International Bond | 8.500% | 01/31/47 | 0.8% |
| Mexican Bonos | 8.500% | 02/28/30 | 0.8% |
| U.S. Treasury Note, USBMMY3M + 0.160% | 4.059% | 04/30/27 | 0.7% |

---

## Material Fund Changes
During the reporting period, Artisan and Invesco were hired as Fund sub-advisers. Neuberger Berman and Ninety One were terminated as Fund sub-advisers.

## Changes in and Disagreements with Accountants
There were no changes in or disagreements with accountants during the reporting period.

## 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 

## Emerging Markets Debt Fund

## SEI Institutional International Trust/Class F Shares - SITEX

## Annual Shareholder Report: September 30, 2025

## SITEX-AR-2025
![Image](i44326891186001e0ffa8ba04.jpg)

# Annual Shareholder Report: September 30, 2025
![Image](i44326891186001e0ffa8ba04.jpg)

## Emerging Markets Debt Fund

## SEI Institutional International Trust/Class Y Shares - SIEDX

## Fund Overview
This annual shareholder report contains important information about Class Y Shares of the Emerging Markets Debt Fund (the "Fund") for the period from October 1, 2024 to September 30, 2025. 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. This annual shareholder report describes changes to the Fund that occurred during the reporting period.

## What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| 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 | $85 | 0.81%<sup>Footnote Reference(1)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote(1) | &nbsp;&nbsp;The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.79%. |

---

## How did the Fund perform during the last 10 years?

### Total Return Based on $100,000 Investment
![Growth Chart](ia01ec1ce0f64b0381d5440fc.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | Emerging Markets Debt Fund, Class Y Shares | Bloomberg Global Aggregate Index (USD) | 50/50 JPM EMBI Global Div & JPM GBI EM Global Div<sup>Footnote Reference\*</sup> |
| Sep/15 | $100000 | $100000 | $100000 |
| Sep/16 | $116724 | $108834 | $116749 |
| Sep/17 | $125111 | $107465 | $123728 |
| Sep/18 | $116891 | $106049 | $118034 |
| Sep/19 | $127221 | $114105 | $130907 |
| Sep/20 | $126805 | $121222 | $130878 |
| Sep/21 | $133114 | $120118 | $135478 |
| Sep/22 | $101342 | $95577 | $105062 |
| Sep/23 | $115024 | $97719 | $117224 |
| Sep/24 | $135672 | $109435 | $135984 |
| Sep/25 | $149398 | $112065 | $146834 |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;EMBI – Emerging Markets Bond Index |

---

## How did the Fund perform in the last year?
The Fund outperformed its benchmark, a hybrid of 50% J.P. Morgan EMBI Global Diversified Index (JPM EMBI GD) and 50% J.P. Morgan GBI Emerging Markets Global Diversified Index (JPM GBI-EM GD), for the 12-month period ending September 30, 2025.

Among the Fund's sub-advisers, both Marathon Asset Management, L.P. (Marathon) and Grantham, Mayo, Van Otterloo & Co. LLC (GMO), taking risk in hard-currency markets, enhanced Fund performance during the period. Marathon's performance was driven by security selection in Mexico and underweights in Qatar and China, while GMO benefited mainly from high-yield exposure. Colchester Global Investors Limited performed well during the period bolstered largely by a weakening U.S. dollar and increased developed-market volatility. Some of this outperformance was pared by exposure to Latin American currencies and rates in the fourth quarter of 2024, due primarily to inflationary concerns and increased tariff-related rhetoric during the U.S. presidential campaign, which also contributed to Ninety One UK Ltd.'s (Ninety One) underperformance prior to its termination in December 2024. Invesco Advisers Inc. (Invesco) and Artisan Partners Limited Partnership (Artisan), hired as sub-advisers in late December 2024, contributed positively to Fund performance attributable primarily to exposure to Brazilian and Egyptian currencies.

Neuberger Berman Investment Advisers LLC (Neuberger Berman)—which was terminated as a Fund manager in December 2024—outperformed due to active high-yield exposure in El Salvador, Argentina, and the Philippines.

Regarding the use of derivatives during the reporting period, the Fund employed currency forwards and interest-rate swaps in an effort to efficiently optimize active currency and duration exposures. Currency forwards had a material impact on Fund performance during the period as 50% of the blended reference index is directly affected by foreign currencies. Positive and negative effects were on a country-to-country basis, depending on whether the currency forward increased or decreased currency exposure, and whether the currency strengthened or weakened relative to the U.S. dollar.

## Average Annual Total Returns as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Fund/Index Name | 1 Year | 5 Years | 10 Years |
| Emerging Markets Debt Fund, Class Y Shares | 10.12% | 3.33% | 4.10% |
| Bloomberg Global Aggregate Index (USD) | 2.40% | -1.56% | 1.15% |
| 50/50 JPM EMBI Global Div & JPM GBI EM Global Div<sup>Footnote Reference\*</sup> | 7.98% | 2.33% | 3.92% |

---

The line graph represents historical performance of a hypothetical investment of $100,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.

## Key Fund Statistics as of September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| Total Net Assets (000's) | Number of Holdings | Total Advisory Fees Paid (000's) | Portfolio Turnover Rate |
| $943363 | 899 | $3433 | 149% |

---

## What did the Fund invest in?

### Country Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](ib06e57750134d46ceeaff35e.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Credit Default Swaps | -0.1% |
| Written Options | -0.1% |
| Forward Contracts | 0.0% |
| Futures Contracts | 0.0% |
| Total Return Swaps | 0.0% |
| Purchased Options | 0.2% |
| Interest Rate Swaps | 0.3% |
| Other Countries | 41.6% |
| Supra-National | 2.4% |
| Egypt | 2.4% |
| Romania | 3.5% |
| Peru | 3.6% |
| Turkey | 3.5% |
| Poland | 3.8% |
| Brazil | 4.0% |
| Colombia | 4.7% |
| South Africa | 5.8% |
| Malaysia | 6.1% |
| Mexico | 7.0% |
| Indonesia | 7.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | | | |
|:---|:---|:---|:---|
| Holding Name | Coupon Rate | Maturity Date | Percentage of Total Net Assets |
| Malaysia Government Bond | 3.900% | 11/30/26 | 1.3% |
| Republic of South Africa Government Bond, ZAR | 8.750% | 02/28/48 | 1.1% |
| Petroleos Mexicanos | 7.690% | 01/23/50 | 1.0% |
| Republic of South Africa Government Bond, ZAR | 8.750% | 01/31/44 | 1.0% |
| Peru Government Bond | 5.400% | 08/12/34 | 0.9% |
| Mexican Bonos | 8.000% | 07/31/53 | 0.8% |
| Kuwait International Government Bond | 4.652% | 10/09/35 | 0.8% |
| Egypt Government International Bond | 8.500% | 01/31/47 | 0.8% |
| Mexican Bonos | 8.500% | 02/28/30 | 0.8% |
| U.S. Treasury Note, USBMMY3M + 0.160% | 4.059% | 04/30/27 | 0.7% |

---

## Material Fund Changes
During the reporting period, Artisan and Invesco were hired as Fund sub-advisers. Neuberger Berman and Ninety One were terminated as Fund sub-advisers.

## Changes in and Disagreements with Accountants
There were no changes in or disagreements with accountants during the reporting period.

## 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 

## Emerging Markets Debt Fund

## SEI Institutional International Trust/Class Y Shares - SIEDX

## Annual Shareholder Report: September 30, 2025

## SIEDX-AR-2025
![Image](i44326891186001e0ffa8ba04.jpg)**

(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

**Item 2.** **Code of Ethics.**

The Registrant has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer, or controller, or persons performing similar functions.

**Item 3.** **Audit Committee Financial Expert.**

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

(a) (2) The audit committee financial experts are Susan C. Cote and Christine Reynolds. Mses. Cote and Reynolds are independent as defined in Form N-CSR Item 3 (a) (2).

Item 4. Principal Accountant Fees and Services.

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

KPMG billed the Registrant aggregate fees for services rendered to the Registrant for the last two fiscal years as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Fiscal Year 2025** | **Fiscal Year 2025** | **Fiscal Year 2025** | **Fiscal Year 2024** | **Fiscal Year 2024** | **Fiscal Year 2024** |
| | | All fees and services to the Registrant that were pre-approved | All fees and services to service affiliates that were pre-approved | All other fees and services to service affiliates that did not require pre-approval | All fees and services to the Registrant that were pre-approved | All fees and services to service affiliates that were pre-approved | All other fees and services to service affiliates that did not require pre-approval |
| (a) | Audit Fees<sup>(1)</sup><br>| $210000 | $0 | N/A | $226580 | $0 | N/A |
| (b) | Audit-Related Fees<br>| $0 | $0 | $0 | $0 | $0 | $0 |
| (c) | Tax Fees | $0 | $0 | $0<br>| $0 | $0 | $0<br>|
| (d) | All Other Fees<sup>(2)</sup><br>| $0 | $291683 | $0 | $0 | $359174 | $0 |

---

Notes:

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

&nbsp;&nbsp;&nbsp;&nbsp;(2) See Item 4(g)
 for a description of the services comprising the fees disclosed in this category.

(e)(1) The Registrant's Audit Committee has adopted and the Board of Trustees has ratified an Audit and Non-Audit Services Pre-Approval Policy (the "Policy"), which sets forth the procedures and the conditions pursuant to which services proposed to be performed by the independent auditor of the Registrant may be pre-approved. In any instance where services require pre-approval, the Audit Committee will consider whether such services are consistent with SEC's rules on auditor independence and whether the provision of such services would compromise the auditor's independence.

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

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

Services that have received the general pre-approval of the Audit Committee are identified and described in the Policy. In addition, the Policy sets forth a maximum fee per engagement with respect to each identified service that has received general pre-approval. The Audit Committee will annually review and pre-approve the services that may be provided by the independent auditor during the following twelve months without obtaining specific pre-approval from the Audit Committee.

The Audit Committee will be informed by the CFO on a quarterly basis of all services rendered by the independent auditor.

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

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

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

---

| | | |
|:---|:---|:---|
| | **Fiscal Year 2025** | **Fiscal Year 2024** |
| Audit-Related Fees<br>| 0% | 0% |
| Tax Fees | 0% | 0% |
| All Other Fees<br>| 0% | 0% |

---

(f)&nbsp;&nbsp;&nbsp;&nbsp; Not Applicable.

(g)(1) &nbsp;&nbsp;&nbsp;&nbsp;The aggregate non-audit fees and services billed by KPMG for the fiscal years 2025 and 2024 were $291,683 and $359,174, respectively. Non-audit fees consist of SSAE No. 16 review of fund accounting and administration operations, and an attestation report in accordance with Rule 17Ad-13.

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

(i)&nbsp;&nbsp;&nbsp;&nbsp; Not Applicable.

(j)&nbsp;&nbsp;&nbsp;&nbsp; Not Applicable.

**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 filed herein.**

![](fp0096366_01.jpg)

September 30, 2025

**ANNUAL FINANCIALS AND OTHER INFORMATION**

SEI Institutional International Trust

![](fp0096366_01a.jpg) International Equity Fund

![](fp0096366_01a.jpg) Emerging Markets Equity Fund

![](fp0096366_01a.jpg) International Fixed Income Fund

![](fp0096366_01a.jpg) Emerging Markets Debt Fund

**seic.com**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| Financial Statements (Form N-CSR Item 7) |  |
| &nbsp;&nbsp;&nbsp;Schedules of Investments | 1 |
| &nbsp;&nbsp;&nbsp;Statements of Assets and Liabilities | 65 |
| &nbsp;&nbsp;&nbsp;Statements of Operations | 67 |
| &nbsp;&nbsp;&nbsp;Statements of Changes in Net Assets | 68 |
| &nbsp;&nbsp;&nbsp;Financial Highlights | 70 |
| &nbsp;&nbsp;&nbsp;Notes to Financial Statements | 72 |
| Report of Independent Registered Public Accounting Firm | 91 |
| Notice to Shareholders (Unaudited) | 92 |
| Other Information (Form N-CSR Items 8-11) (Unaudited) | 93 |

---

**SCHEDULE OF INVESTMENTS** 

September 30, 2025

**International Equity Fund**

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK — 93.8%** | **COMMON STOCK — 93.8%** | **COMMON STOCK — 93.8%** |
| **Australia — 3.8%** | **Australia — 3.8%** | **Australia — 3.8%** |
| **Communication Services — 0.1%** | **Communication Services — 0.1%** | **Communication Services — 0.1%** |
| &nbsp;&nbsp;&nbsp;REA Group Ltd | 26808 | $4106 |
| **Consumer Discretionary — 0.6%** | **Consumer Discretionary — 0.6%** | **Consumer Discretionary — 0.6%** |
| &nbsp;&nbsp;&nbsp;Aristocrat Leisure Ltd | 252931 | 11727 |
| &nbsp;&nbsp;&nbsp;Eagers Automotive | 101759 | 1975 |
| &nbsp;&nbsp;&nbsp;Harvey Norman Holdings Ltd | 137482 | 672 |
| &nbsp;&nbsp;&nbsp;JB Hi-Fi Ltd | 61830 | 4753 |
| &nbsp;&nbsp;&nbsp;Lottery Corp Ltd/The | 631451 | 2456 |
| &nbsp;&nbsp;&nbsp;Super Retail Group Ltd | 155528 | 1676 |
|  |  | 23259 |
| **Financials — 0.4%** | **Financials — 0.4%** | **Financials — 0.4%** |
| &nbsp;&nbsp;&nbsp;Australian Ethical Investment | 29685 | 141 |
| &nbsp;&nbsp;&nbsp;Bendigo & Adelaide Bank Ltd | 179982 | 1558 |
| &nbsp;&nbsp;&nbsp;Credit Group | 17460 | 177 |
| &nbsp;&nbsp;&nbsp;Helia Group Ltd | 109333 | 418 |
| &nbsp;&nbsp;&nbsp;HUB24 Ltd | 41049 | 2741 |
| &nbsp;&nbsp;&nbsp;Medibank Pvt Ltd | 1610722 | 5140 |
| &nbsp;&nbsp;&nbsp;National Australia Bank Ltd | 113914 | 3328 |
| &nbsp;&nbsp;&nbsp;Netwealth Group Ltd | 17509 | 341 |
| &nbsp;&nbsp;&nbsp;Pepper Money | 42621 | 56 |
| &nbsp;&nbsp;&nbsp;QBE Insurance Group Ltd | 154711 | 2109 |
|  |  | 16009 |
| **Health Care — 0.4%** | **Health Care — 0.4%** | **Health Care — 0.4%** |
| &nbsp;&nbsp;&nbsp;Cochlear Ltd | 15289 | 2822 |
| &nbsp;&nbsp;&nbsp;Pro Medicus Ltd | 65754 | 13409 |
| &nbsp;&nbsp;&nbsp;Regis Healthcare Ltd | 11851 | 47 |
|  |  | 16278 |
| **Industrials — 0.9%** | **Industrials — 0.9%** | **Industrials — 0.9%** |
| &nbsp;&nbsp;&nbsp;Aurizon Holdings | 765392 | 1617 |
| &nbsp;&nbsp;&nbsp;Austal <sup>\*</sup> | 4698 | 24 |
| &nbsp;&nbsp;&nbsp;Brambles Ltd | 485053 | 7971 |
| &nbsp;&nbsp;&nbsp;Computershare Ltd | 300156 | 7223 |
| &nbsp;&nbsp;&nbsp;GenusPlus Group | 7212 | 29 |
| &nbsp;&nbsp;&nbsp;Qantas Airways Ltd | 1656590 | 11989 |
| &nbsp;&nbsp;&nbsp;Qube Holdings Ltd | 973338 | 2648 |
| &nbsp;&nbsp;&nbsp;Service Stream | 24201 | 37 |
|  |  | 31538 |
| **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** |
| &nbsp;&nbsp;&nbsp;Bravura Solutions | 19803 | 33 |
| &nbsp;&nbsp;&nbsp;Codan Ltd | 65971 | 1290 |
| &nbsp;&nbsp;&nbsp;Technology One Ltd | 59724 | 1523 |
|  |  | 2846 |
| **Materials — 1.0%** | **Materials — 1.0%** | **Materials — 1.0%** |
| &nbsp;&nbsp;&nbsp;BlueScope Steel Ltd | 286320 | 4307 |
| &nbsp;&nbsp;&nbsp;Capricorn Metals <sup>\*</sup> | 36562 | 319 |
| &nbsp;&nbsp;&nbsp;Emerald Resources NL <sup>\*</sup> | 16661 | 55 |
| &nbsp;&nbsp;&nbsp;Evolution Mining Ltd | 715582 | 5109 |
| &nbsp;&nbsp;&nbsp;Fortescue Ltd | 150032 | 1861 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Genesis Minerals Ltd <sup>\*</sup> | 205171 | 795 |
| &nbsp;&nbsp;&nbsp;Imdex Ltd | 73593 | 164 |
| &nbsp;&nbsp;&nbsp;Northern Star Resources Ltd | 435271 | 6808 |
| &nbsp;&nbsp;&nbsp;OceanaGold | 37600 | 803 |
| &nbsp;&nbsp;&nbsp;Orora Ltd | 1278038 | 1761 |
| &nbsp;&nbsp;&nbsp;Perseus Mining Ltd | 1947188 | 6274 |
| &nbsp;&nbsp;&nbsp;Regis Resources Ltd | 280833 | 1111 |
| &nbsp;&nbsp;&nbsp;Resolute Mining Ltd <sup>\*</sup> | 841885 | 573 |
| &nbsp;&nbsp;&nbsp;Rio Tinto PLC | 70622 | 4659 |
| &nbsp;&nbsp;&nbsp;West African Resources <sup>\*</sup> | 136446 | 275 |
|  |  | 34874 |
| **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** |
| &nbsp;&nbsp;&nbsp;Charter Hall Group <sup>‡</sup> | 245116 | 3690 |
| &nbsp;&nbsp;&nbsp;Dexus <sup>‡</sup> | 623507 | 2965 |
| &nbsp;&nbsp;&nbsp;GPT Group/The <sup>‡</sup> | 102557 | 365 |
| &nbsp;&nbsp;&nbsp;Stockland <sup>‡</sup> | 66849 | 271 |
|  |  | 7291 |
| **Utilities — 0.1%** | **Utilities — 0.1%** | **Utilities — 0.1%** |
| &nbsp;&nbsp;&nbsp;AGL Energy Ltd | 372076 | 2182 |
| Total Australia |  | 138383 |
| **Austria — 1.2%** | **Austria — 1.2%** | **Austria — 1.2%** |
| **Energy — 0.1%** | **Energy — 0.1%** | **Energy — 0.1%** |
| &nbsp;&nbsp;&nbsp;OMV AG | 91396 | 4887 |
| **Financials — 0.9%** | **Financials — 0.9%** | **Financials — 0.9%** |
| &nbsp;&nbsp;&nbsp;BAWAG Group AG | 37553 | 4955 |
| &nbsp;&nbsp;&nbsp;Erste Group Bank AG | 203129 | 19984 |
| &nbsp;&nbsp;&nbsp;Raiffeisen Bank International AG | 113117 | 3921 |
| &nbsp;&nbsp;&nbsp;Vienna Insurance Group AG Wiener Versicherung Gruppe | 40871 | 2254 |
|  |  | 31114 |
| **Industrials — 0.1%** | **Industrials — 0.1%** | **Industrials — 0.1%** |
| &nbsp;&nbsp;&nbsp;ANDRITZ AG | 40113 | 2832 |
| &nbsp;&nbsp;&nbsp;DO & CO AG | 634 | 166 |
| &nbsp;&nbsp;&nbsp;Palfinger AG | 6696 | 279 |
| &nbsp;&nbsp;&nbsp;Porr Ag | 9183 | 308 |
|  |  | 3585 |
| **Information Technology — 0.0%** | **Information Technology — 0.0%** | **Information Technology — 0.0%** |
| &nbsp;&nbsp;&nbsp;Kontron | 9998 | 323 |
| **Materials — 0.1%** | **Materials — 0.1%** | **Materials — 0.1%** |
| &nbsp;&nbsp;&nbsp;voestalpine AG | 104151 | 3734 |
| Total Austria |  | 43643 |
| **Belgium — 1.3%** | **Belgium — 1.3%** | **Belgium — 1.3%** |
| **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** |
| &nbsp;&nbsp;&nbsp;D'ieteren Group | 7772 | 1460 |
| **Financials — 0.8%** | **Financials — 0.8%** | **Financials — 0.8%** |
| &nbsp;&nbsp;&nbsp;Ageas SA/NV | 88472 | 6141 |

---

SEI Institutional International Trust 1

**SCHEDULE OF INVESTMENTS** 

September 30, 2025

**International Equity Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;KBC Group NV | 178397 | $21397 |
|  |  | 27538 |
| **Health Care — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;UCB SA | 43536 | 12162 |
| **Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Deme Group NV | 9018 | 1321 |
| **Information Technology — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Barco NV | 10143 | 162 |
| &nbsp;&nbsp;&nbsp;Materialise ADR <sup>\*</sup> | 6532 | 36 |
|  |  | 198 |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Bekaert SA | 41162 | 1893 |
| &nbsp;&nbsp;&nbsp;Umicore SA | 123113 | 2200 |
|  |  | 4093 |
| Total Belgium |  | 46772 |
| **Brazil — 0.7%** |  |  |
| **Consumer Discretionary — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;MercadoLibre Inc <sup>\*</sup> | 2610 | 6100 |
| **Consumer Staples — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Ambev SA | 1971400 | 4468 |
| **Financials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco do Brasil SA | 1464400 | 6050 |
| &nbsp;&nbsp;&nbsp;NU Holdings Ltd, Cl A <sup>\*</sup> | 362533 | 5804 |
|  |  | 11854 |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Yara International ASA | 131215 | 4810 |
| Total Brazil |  | 27232 |
| **Burkina Faso — 0.0%** |  |  |
| **Materials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;IAMGOLD Corp <sup>\*</sup> | 3400 | 44 |
| **Canada — 1.3%** |  |  |
| **Consumer Discretionary — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Aritzia Inc <sup>\*</sup> | 20000 | 1210 |
| &nbsp;&nbsp;&nbsp;Canada Goose Holdings <sup>\*</sup> | 30915 | 426 |
| &nbsp;&nbsp;&nbsp;Exco Technologies Ltd | 7454 | 36 |
| &nbsp;&nbsp;&nbsp;KITS Eyecare <sup>\*</sup> | 6600 | 77 |
| &nbsp;&nbsp;&nbsp;Magna International Inc, Cl A | 377363 | 17883 |
| &nbsp;&nbsp;&nbsp;Martinrea International Inc | 52481 | 400 |
|  |  | 20032 |
| **Consumer Staples — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Empire Co Ltd, Cl A | 49100 | 1763 |
| **Energy — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Canadian Natural Resources Ltd | 118660 | 3795 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Enerflex Ltd | 373100 | $| 4025 |
| &nbsp;&nbsp;&nbsp;Ensign Energy Services Inc <sup>\*</sup> | 31927 |  | 56 |
| &nbsp;&nbsp;&nbsp;Journey Energy <sup>\*</sup> | 14400 |  | 34 |
| &nbsp;&nbsp;&nbsp;Paramount Resources Ltd, Cl A | 18700 |  | 302 |
| &nbsp;&nbsp;&nbsp;Pason Systems Inc | 6733 |  | 58 |
|  |  |  | 8270 |
| **Financials — 0.0%** | **Financials — 0.0%** | **Financials — 0.0%** | **Financials — 0.0%** |
| &nbsp;&nbsp;&nbsp;AGF Management Ltd, Cl B | 14781 |  | 154 |
| &nbsp;&nbsp;&nbsp;Canaccord Genuity Group | 24300 |  | 188 |
| &nbsp;&nbsp;&nbsp;Fiera Capital Corp, Cl A | 70415 |  | 330 |
| &nbsp;&nbsp;&nbsp;Sprott | 4500 |  | 374 |
|  |  |  | 1046 |
| **Health Care — 0.0%** | **Health Care — 0.0%** | **Health Care — 0.0%** | **Health Care — 0.0%** |
| &nbsp;&nbsp;&nbsp;Knight Therapeutics Inc <sup>\*</sup> | 13700 |  | 58 |
| **Industrials — 0.2%** | **Industrials — 0.2%** | **Industrials — 0.2%** | **Industrials — 0.2%** |
| &nbsp;&nbsp;&nbsp;ADENTRA Inc | 3000 |  | 76 |
| &nbsp;&nbsp;&nbsp;Aecon Group Inc <sup>‡</sup> | 16300 |  | 279 |
| &nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City Ltd | 85791 |  | 6391 |
| &nbsp;&nbsp;&nbsp;Chorus Aviation | 8057 |  | 130 |
| &nbsp;&nbsp;&nbsp;Finning International Inc | 20900 |  | 971 |
|  |  |  | 7847 |
| **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** |
| &nbsp;&nbsp;&nbsp;Celestica <sup>\*</sup> | 6200 |  | 1526 |
| &nbsp;&nbsp;&nbsp;Coveo Solutions Inc <sup>\*</sup> | 17400 |  | 108 |
|  |  |  | 1634 |
| **Materials — 0.2%** | **Materials — 0.2%** | **Materials — 0.2%** | **Materials — 0.2%** |
| &nbsp;&nbsp;&nbsp;Amerigo Resources Ltd | 54600 |  | 107 |
| &nbsp;&nbsp;&nbsp;Centerra Gold Inc, Cl Common Subs. Receipt | 12746 |  | 136 |
| &nbsp;&nbsp;&nbsp;Fortuna Mining Corp <sup>\*</sup> | 410600 |  | 3677 |
| &nbsp;&nbsp;&nbsp;HudBay Minerals | 181300 |  | 2747 |
| &nbsp;&nbsp;&nbsp;Imperial Metals <sup>\*</sup> | 24700 |  | 105 |
| &nbsp;&nbsp;&nbsp;Santacruz Silver Mining <sup>\*</sup> | 206800 |  | 410 |
| &nbsp;&nbsp;&nbsp;SSR Mining Inc <sup>\*</sup> | 4708 |  | 115 |
| &nbsp;&nbsp;&nbsp;Thor Explorations | 136800 |  | 124 |
| &nbsp;&nbsp;&nbsp;Torex Gold Resources Inc <sup>\*</sup> | 11700 |  | 486 |
|  |  |  | 7907 |
| Total Canada |  |  | 48557 |
| **China — 2.2%** | **China — 2.2%** | **China — 2.2%** | **China — 2.2%** |
| **Communication Services — 0.2%** | **Communication Services — 0.2%** | **Communication Services — 0.2%** | **Communication Services — 0.2%** |
| &nbsp;&nbsp;&nbsp;Tencent Holdings Ltd | 96700 |  | 8241 |
| **Consumer Discretionary — 0.8%** | **Consumer Discretionary — 0.8%** | **Consumer Discretionary — 0.8%** | **Consumer Discretionary — 0.8%** |
| &nbsp;&nbsp;&nbsp;Alibaba Group Holding Ltd | 764154 |  | 17093 |
| &nbsp;&nbsp;&nbsp;China Beststudy Education Group | 629000 |  | 431 |
| &nbsp;&nbsp;&nbsp;Haier Smart Home Co Ltd, Cl A | 2957539 |  | 9597 |
| &nbsp;&nbsp;&nbsp;Prosus NV | 25516 |  | 1806 |
|  |  |  | 28927 |

---

2 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** |
| &nbsp;&nbsp;&nbsp;Wilmar International Ltd | 1088052 | $2408 |
| **Financials — 0.2%** | **Financials — 0.2%** | **Financials — 0.2%** |
| &nbsp;&nbsp;&nbsp;BOC Hong Kong Holdings Ltd | 950500 | 4454 |
| &nbsp;&nbsp;&nbsp;China Merchants Bank Co Ltd, Cl H | 733342 | 4390 |
|  |  | 8844 |
| **Industrials — 0.6%** | **Industrials — 0.6%** | **Industrials — 0.6%** |
| &nbsp;&nbsp;&nbsp;Kerry Logistics Network | 125815 | 120 |
| &nbsp;&nbsp;&nbsp;SITC International Holdings Co Ltd | 2645973 | 10189 |
| &nbsp;&nbsp;&nbsp;Weichai Power Co Ltd, Cl H | 2223930 | 3979 |
| &nbsp;&nbsp;&nbsp;Yangzijiang Shipbuilding Holdings Ltd | 2631645 | 6889 |
|  |  | 21177 |
| **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** |
| &nbsp;&nbsp;&nbsp;VSTECS Holdings Ltd | 1886000 | 2605 |
| **Real Estate — 0.3%** | **Real Estate — 0.3%** | **Real Estate — 0.3%** |
| &nbsp;&nbsp;&nbsp;China Overseas Land & Investment Ltd | 5429421 | 10001 |
| Total China |  | 82203 |
| **Cote d'Ivoire — 0.0%** | **Cote d'Ivoire — 0.0%** | **Cote d'Ivoire — 0.0%** |
| **Materials — 0.0%** | **Materials — 0.0%** | **Materials — 0.0%** |
| &nbsp;&nbsp;&nbsp;Endeavour Mining PLC | 23799 | 996 |
| **Denmark — 1.5%** | **Denmark — 1.5%** | **Denmark — 1.5%** |
| **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** |
| &nbsp;&nbsp;&nbsp;Pandora A/S | 22836 | 2988 |
| **Financials — 0.7%** | **Financials — 0.7%** | **Financials — 0.7%** |
| &nbsp;&nbsp;&nbsp;Danske Bank A/S | 461045 | 19710 |
| &nbsp;&nbsp;&nbsp;Jyske Bank A/S | 35374 | 3953 |
| &nbsp;&nbsp;&nbsp;Nordfyns Bank | 265 | 25 |
| &nbsp;&nbsp;&nbsp;Ringkjoebing Landbobank | 8958 | 2083 |
| &nbsp;&nbsp;&nbsp;Sydbank AS | 16751 | 1348 |
|  |  | 27119 |
| **Health Care — 0.3%** | **Health Care — 0.3%** | **Health Care — 0.3%** |
| &nbsp;&nbsp;&nbsp;Genmab A/S <sup>\*</sup> | 13459 | 4156 |
| &nbsp;&nbsp;&nbsp;Novo Nordisk ADR | 28161 | 1563 |
| &nbsp;&nbsp;&nbsp;Novo Nordisk A/S, Cl B | 70376 | 3922 |
|  |  | 9641 |
| **Industrials — 0.4%** | **Industrials — 0.4%** | **Industrials — 0.4%** |
| &nbsp;&nbsp;&nbsp;AP Moller - Maersk A/S, Cl A | 1977 | 3881 |
| &nbsp;&nbsp;&nbsp;AP Moller - Maersk A/S, Cl B | 4414 | 8684 |
| &nbsp;&nbsp;&nbsp;Broedrene A&O Johansen, Cl B | 1667 | 25 |
| &nbsp;&nbsp;&nbsp;Per Aarsleff Holding A/S | 23595 | 2552 |
|  |  | 15142 |
| Total Denmark |  | 54890 |
| **Finland — 1.4%** | **Finland — 1.4%** | **Finland — 1.4%** |
| **Communication Services — 0.0%** | **Communication Services — 0.0%** | **Communication Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;Sanoma Oyj | 17929 | 225 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** |
| &nbsp;&nbsp;&nbsp;Puuilo Oyj | 3349 | $58 |
| &nbsp;&nbsp;&nbsp;YIT <sup>\*</sup> | 12153 | 43 |
|  |  | 101 |
| **Financials — 0.3%** | **Financials — 0.3%** | **Financials — 0.3%** |
| &nbsp;&nbsp;&nbsp;Nordea Bank Abp | 570990 | 9408 |
| **Health Care — 0.3%** | **Health Care — 0.3%** | **Health Care — 0.3%** |
| &nbsp;&nbsp;&nbsp;Orion Oyj, Cl B | 158200 | 12156 |
| &nbsp;&nbsp;&nbsp;Pihlajalinna | 598 | 11 |
| &nbsp;&nbsp;&nbsp;Terveystalo Oyj | 6988 | 83 |
|  |  | 12250 |
| **Industrials — 0.4%** | **Industrials — 0.4%** | **Industrials — 0.4%** |
| &nbsp;&nbsp;&nbsp;GRK INFRA Oyj <sup>\*</sup> | 890 | 14 |
| &nbsp;&nbsp;&nbsp;Kalmar, Cl B | 37521 | 1492 |
| &nbsp;&nbsp;&nbsp;Konecranes Oyj | 36064 | 2988 |
| &nbsp;&nbsp;&nbsp;Wartsila OYJ Abp, Cl B | 345479 | 10371 |
|  |  | 14865 |
| **Information Technology — 0.4%** | **Information Technology — 0.4%** | **Information Technology — 0.4%** |
| &nbsp;&nbsp;&nbsp;Bittium | 7056 | 125 |
| &nbsp;&nbsp;&nbsp;F-Secure | 48487 | 97 |
| &nbsp;&nbsp;&nbsp;Incap <sup>\*</sup> | 3807 | 44 |
| &nbsp;&nbsp;&nbsp;Nokia Oyj ADR | 579139 | 2786 |
| &nbsp;&nbsp;&nbsp;Nokia Oyj | 2135682 | 10278 |
| &nbsp;&nbsp;&nbsp;Scanfil | 782 | 10 |
|  |  | 13340 |
| Total Finland |  | 50189 |
| **France — 6.0%** | **France — 6.0%** | **France — 6.0%** |
| **Communication Services — 0.2%** | **Communication Services — 0.2%** | **Communication Services — 0.2%** |
| &nbsp;&nbsp;&nbsp;Orange SA | 222279 | 3608 |
| &nbsp;&nbsp;&nbsp;Publicis Groupe SA | 34698 | 3342 |
| &nbsp;&nbsp;&nbsp;Vivendi SE | 124154 | 439 |
|  |  | 7389 |
| **Consumer Discretionary — 1.0%** | **Consumer Discretionary — 1.0%** | **Consumer Discretionary — 1.0%** |
| &nbsp;&nbsp;&nbsp;Accor SA | 105874 | 5034 |
| &nbsp;&nbsp;&nbsp;Cie Generale des Etablissements Michelin SCA | 541268 | 19509 |
| &nbsp;&nbsp;&nbsp;Hermes International SCA | 1759 | 4329 |
| &nbsp;&nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton SE | 4297 | 2647 |
| &nbsp;&nbsp;&nbsp;Renault SA | 113845 | 4685 |
|  |  | 36204 |
| **Consumer Staples — 0.3%** | **Consumer Staples — 0.3%** | **Consumer Staples — 0.3%** |
| &nbsp;&nbsp;&nbsp;Carrefour SA | 317617 | 4817 |
| &nbsp;&nbsp;&nbsp;L'Oreal SA | 11388 | 4952 |
|  |  | 9769 |
| **Energy — 0.3%** | **Energy — 0.3%** | **Energy — 0.3%** |
| &nbsp;&nbsp;&nbsp;Esso Francaise | 234 | 28 |
| &nbsp;&nbsp;&nbsp;Gaztransport Et Technigaz SA | 10222 | 1900 |
| &nbsp;&nbsp;&nbsp;Technip Energies NV | 90836 | 4290 |

---

SEI Institutional International Trust 3

**SCHEDULE OF INVESTMENTS** 

September 30, 2025

**International Equity Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;TotalEnergies SE | 63360 | 3862 |
|  |  | 10080 |
| **Financials — 0.9%** | **Financials — 0.9%** | **Financials — 0.9%** |
| &nbsp;&nbsp;&nbsp;Amundi SA | 169927 | 13516 |
| &nbsp;&nbsp;&nbsp;AXA SA | 129468 | 6214 |
| &nbsp;&nbsp;&nbsp;BNP Paribas SA | 117841 | 10787 |
| &nbsp;&nbsp;&nbsp;SCOR SE | 80792 | 2859 |
|  |  | 33376 |
| **Health Care — 0.1%** | **Health Care — 0.1%** | **Health Care — 0.1%** |
| &nbsp;&nbsp;&nbsp;Ipsen SA | 42653 | 5732 |
| **Industrials — 2.3%** | **Industrials — 2.3%** | **Industrials — 2.3%** |
| &nbsp;&nbsp;&nbsp;Bouygues SA | 63880 | 2884 |
| &nbsp;&nbsp;&nbsp;Bureau Veritas SA | 179580 | 5637 |
| &nbsp;&nbsp;&nbsp;Cie de Saint-Gobain SA | 77627 | 8418 |
| &nbsp;&nbsp;&nbsp;Eiffage SA | 36400 | 4667 |
| &nbsp;&nbsp;&nbsp;Legrand SA | 95867 | 15942 |
| &nbsp;&nbsp;&nbsp;Nexans SA | 794 | 118 |
| &nbsp;&nbsp;&nbsp;Rexel SA | 488254 | 16088 |
| &nbsp;&nbsp;&nbsp;Safran SA | 27925 | 9918 |
| &nbsp;&nbsp;&nbsp;Societe BIC SA | 3422 | 214 |
| &nbsp;&nbsp;&nbsp;STIF | 1076 | 92 |
| &nbsp;&nbsp;&nbsp;Teleperformance SE | 238140 | 17802 |
| &nbsp;&nbsp;&nbsp;Thales SA | 8620 | 2727 |
|  |  | 84507 |
| **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** |
| &nbsp;&nbsp;&nbsp;Dassault Systemes SE | 56622 | 1906 |
| &nbsp;&nbsp;&nbsp;Neurones | 996 | 47 |
| &nbsp;&nbsp;&nbsp;OVH Groupe SAS <sup>\*</sup> | 14943 | 216 |
| &nbsp;&nbsp;&nbsp;VusionGroup | 5138 | 1546 |
|  |  | 3715 |
| **Materials — 0.4%** | **Materials — 0.4%** | **Materials — 0.4%** |
| &nbsp;&nbsp;&nbsp;Arkema SA | 216487 | 13738 |
| **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** |
| &nbsp;&nbsp;&nbsp;Covivio SA/France <sup>‡</sup> | 30949 | 2088 |
| &nbsp;&nbsp;&nbsp;Klepierre SA <sup>‡</sup> | 129178 | 5047 |
| &nbsp;&nbsp;&nbsp;Unibail-Rodamco-Westfield <sup>‡</sup> | 1120 | 118 |
|  |  | 7253 |
| **Utilities — 0.2%** | **Utilities — 0.2%** | **Utilities — 0.2%** |
| &nbsp;&nbsp;&nbsp;Engie SA | 272046 | 5853 |
| &nbsp;&nbsp;&nbsp;Rubis SCA | 52360 | 1964 |
|  |  | 7817 |
| Total France |  | 219580 |
| **Gabon — 0.0%** | **Gabon — 0.0%** | **Gabon — 0.0%** |
| **Energy — 0.0%** | **Energy — 0.0%** | **Energy — 0.0%** |
| &nbsp;&nbsp;&nbsp;BW Energy <sup>\*</sup> | 7312 | 34 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Georgia — 0.1%** | **Georgia — 0.1%** | **Georgia — 0.1%** |
| **Financials — 0.1%** | **Financials — 0.1%** | **Financials — 0.1%** |
| &nbsp;&nbsp;&nbsp;Bank of Georgia Group | 20096 | $2075 |
| &nbsp;&nbsp;&nbsp;TBC Bank Group PLC | 33315 | 2041 |
|  |  | 4116 |
| Total Georgia |  | 4116 |
| **Germany — 9.8%** | **Germany — 9.8%** | **Germany — 9.8%** |
| **Communication Services — 0.5%** | **Communication Services — 0.5%** | **Communication Services — 0.5%** |
| &nbsp;&nbsp;&nbsp;Borussia Dortmund GmbH & KGaA | 40308 | 172 |
| &nbsp;&nbsp;&nbsp;CTS Eventim AG & Co KGaA | 206 | 20 |
| &nbsp;&nbsp;&nbsp;Deutsche Telekom AG | 283697 | 9673 |
| &nbsp;&nbsp;&nbsp;Scout24 SE | 68271 | 8572 |
| &nbsp;&nbsp;&nbsp;Trivago ADR <sup>\*</sup> | 4663 | 16 |
|  |  | 18453 |
| **Consumer Discretionary — 1.0%** | **Consumer Discretionary — 1.0%** | **Consumer Discretionary — 1.0%** |
| &nbsp;&nbsp;&nbsp;Auto1 Group <sup>\*</sup> | 72798 | 2492 |
| &nbsp;&nbsp;&nbsp;Bayerische Motoren Werke AG | 24480 | 2469 |
| &nbsp;&nbsp;&nbsp;Continental AG | 206900 | 13699 |
| &nbsp;&nbsp;&nbsp;Fielmann Group | 991 | 60 |
| &nbsp;&nbsp;&nbsp;Hella GmbH & Co KGaA | 1065 | 102 |
| &nbsp;&nbsp;&nbsp;Mercedes-Benz Group AG | 277914 | 17531 |
| &nbsp;&nbsp;&nbsp;SCHAEFFLER AG | 22795 | 153 |
| &nbsp;&nbsp;&nbsp;TUI AG <sup>\*</sup> | 4981 | 45 |
| &nbsp;&nbsp;&nbsp;Zalando SE <sup>\*</sup> | 15488 | 476 |
| &nbsp;&nbsp;&nbsp;Zeal Network | 44 | 3 |
|  |  | 37030 |
| **Energy — 0.0%** | **Energy — 0.0%** | **Energy — 0.0%** |
| &nbsp;&nbsp;&nbsp;Friedrich Vorwerk Group | 5044 | 487 |
| **Financials — 1.5%** | **Financials — 1.5%** | **Financials — 1.5%** |
| &nbsp;&nbsp;&nbsp;Commerzbank AG | 298394 | 11307 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG | 564844 | 20021 |
| &nbsp;&nbsp;&nbsp;Deutsche Boerse AG | 56332 | 15098 |
| &nbsp;&nbsp;&nbsp;DWS Group GmbH & Co KGaA | 31848 | 2002 |
| &nbsp;&nbsp;&nbsp;MLP SE | 10670 | 93 |
| &nbsp;&nbsp;&nbsp;Muenchener Rueckversicherungs- Gesellschaft AG in Muenchen | 8794 | 5619 |
| &nbsp;&nbsp;&nbsp;Talanx AG | 18601 | 2482 |
|  |  | 56622 |
| **Health Care — 1.0%** | **Health Care — 1.0%** | **Health Care — 1.0%** |
| &nbsp;&nbsp;&nbsp;Bayer AG | 463713 | 15450 |
| &nbsp;&nbsp;&nbsp;Fresenius Medical Care AG | 331058 | 17506 |
| &nbsp;&nbsp;&nbsp;Fresenius SE & Co KGaA | 46085 | 2578 |
|  |  | 35534 |
| **Industrials — 2.9%** | **Industrials — 2.9%** | **Industrials — 2.9%** |
| &nbsp;&nbsp;&nbsp;2G Energy | 7119 | 273 |
| &nbsp;&nbsp;&nbsp;AUMOVIO SE <sup>\*</sup> | 103449 | 4269 |
| &nbsp;&nbsp;&nbsp;Cewe Stiftung & Co KGAA | 1219 | 143 |
| &nbsp;&nbsp;&nbsp;Daimler Truck Holding AG | 464126 | 19208 |
| &nbsp;&nbsp;&nbsp;Deutsche Lufthansa AG | 441726 | 3752 |

---

4 SEI Institutional International Trust

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Deutsche Post AG | 36678 | $| 1640 |
| &nbsp;&nbsp;&nbsp;Deutz AG | 79508 |  | 842 |
| &nbsp;&nbsp;&nbsp;Duerr AG | 25034 |  | 590 |
| &nbsp;&nbsp;&nbsp;GEA Group AG | 126590 |  | 9367 |
| &nbsp;&nbsp;&nbsp;HOCHTIEF AG | 8534 |  | 2293 |
| &nbsp;&nbsp;&nbsp;Indus Holding AG | 2579 |  | 66 |
| &nbsp;&nbsp;&nbsp;KION Group AG | 24036 |  | 1632 |
| &nbsp;&nbsp;&nbsp;Krones AG | 3432 |  | 502 |
| &nbsp;&nbsp;&nbsp;MTU Aero Engines AG | 11940 |  | 5513 |
| &nbsp;&nbsp;&nbsp;Nordex <sup>\*</sup> | 26275 |  | 675 |
| &nbsp;&nbsp;&nbsp;PFISTERER HOLDING SE <sup>\*</sup> | 6611 |  | 560 |
| &nbsp;&nbsp;&nbsp;Rational AG | 1060 |  | 811 |
| &nbsp;&nbsp;&nbsp;Rheinmetall AG | 3858 |  | 9032 |
| &nbsp;&nbsp;&nbsp;Siemens AG | 28849 |  | 7795 |
| &nbsp;&nbsp;&nbsp;Siemens Energy AG <sup>\*</sup> | 316466 |  | 37240 |
| &nbsp;&nbsp;&nbsp;Technotrans | 848 |  | 31 |
|  |  |  | 106234 |
| **Information Technology — 1.1%** | **Information Technology — 1.1%** | **Information Technology — 1.1%** | **Information Technology — 1.1%** |
| &nbsp;&nbsp;&nbsp;Adesso | 2110 |  | 243 |
| &nbsp;&nbsp;&nbsp;Basler <sup>\*</sup> | 1106 |  | 23 |
| &nbsp;&nbsp;&nbsp;Elmos Semiconductor SE | 2221 |  | 215 |
| &nbsp;&nbsp;&nbsp;Infineon Technologies AG | 149229 |  | 5859 |
| &nbsp;&nbsp;&nbsp;IONOS Group SE <sup><sup>\*</sup></sup> | 21376 |  | 1001 |
| &nbsp;&nbsp;&nbsp;Nemetschek SE | 13870 |  | 1812 |
| &nbsp;&nbsp;&nbsp;PSI Software AG <sup>\*</sup> | 525 |  | 16 |
| &nbsp;&nbsp;&nbsp;PVA TePla <sup>\*</sup> | 14347 |  | 461 |
| &nbsp;&nbsp;&nbsp;SAP SE | 118009 |  | 31625 |
| &nbsp;&nbsp;&nbsp;SMA Solar Technology AG <sup>\*</sup> | 13504 |  | 344 |
|  |  |  | 41599 |
| **Materials — 1.4%** | **Materials — 1.4%** | **Materials — 1.4%** | **Materials — 1.4%** |
| &nbsp;&nbsp;&nbsp;AlzChem Group | 3019 |  | 535 |
| &nbsp;&nbsp;&nbsp;Aurubis | 16184 |  | 2031 |
| &nbsp;&nbsp;&nbsp;BASF SE | 452426 |  | 22623 |
| &nbsp;&nbsp;&nbsp;Evonik Industries AG | 538535 |  | 9372 |
| &nbsp;&nbsp;&nbsp;Heidelberg Materials AG | 59509 |  | 13463 |
| &nbsp;&nbsp;&nbsp;K+S AG | 66569 |  | 905 |
| &nbsp;&nbsp;&nbsp;thyssenkrupp AG | 253438 |  | 3500 |
|  |  |  | 52429 |
| **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** |
| &nbsp;&nbsp;&nbsp;Aroundtown SA <sup>\*</sup> | 565702 |  | 2177 |
| **Utilities — 0.3%** | **Utilities — 0.3%** | **Utilities — 0.3%** | **Utilities — 0.3%** |
| &nbsp;&nbsp;&nbsp;E.ON SE | 139613 |  | 2632 |
| &nbsp;&nbsp;&nbsp;RWE AG | 143734 |  | 6398 |
|  |  |  | 9030 |
| Total Germany |  |  | 359595 |
| **Hong Kong — 1.6%** | **Hong Kong — 1.6%** | **Hong Kong — 1.6%** | **Hong Kong — 1.6%** |
| **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** |
| &nbsp;&nbsp;&nbsp;Crystal International Group | 426500 |  | 371 |
| &nbsp;&nbsp;&nbsp;Johnson Electric Holdings Ltd | 298486 |  | 1562 |
| &nbsp;&nbsp;&nbsp;Luk Fook Holdings International | 49000 |  | 157 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Yue Yuen Industrial Holdings Ltd | 933600 | 1588 |
|  |  | 3678 |
| **Consumer Staples — 0.3%** | **Consumer Staples — 0.3%** | **Consumer Staples — 0.3%** |
| &nbsp;&nbsp;&nbsp;Chaoda Modern Agriculture Holdings <sup><sup>\*</sup></sup> | 122000 | 5 |
| &nbsp;&nbsp;&nbsp;WH Group Ltd | 9864006 | 10685 |
|  |  | 10690 |
| **Financials — 0.4%** | **Financials — 0.4%** | **Financials — 0.4%** |
| &nbsp;&nbsp;&nbsp;Bank of East Asia Ltd/The | 45424 | 71 |
| &nbsp;&nbsp;&nbsp;Dah Sing Banking Group | 236400 | 298 |
| &nbsp;&nbsp;&nbsp;Dah Sing Financial Holdings | 95200 | 415 |
| &nbsp;&nbsp;&nbsp;Futu Holdings Ltd ADR | 29797 | 5182 |
| &nbsp;&nbsp;&nbsp;Hong Kong Exchanges & Clearing Ltd | 74019 | 4203 |
| &nbsp;&nbsp;&nbsp;Hongkong Land Holdings Ltd | 565405 | 3579 |
| &nbsp;&nbsp;&nbsp;Prudential PLC | 11161 | 156 |
| &nbsp;&nbsp;&nbsp;Sun Hung Kai | 476000 | 243 |
|  |  | 14147 |
| **Health Care — 0.0%** | **Health Care — 0.0%** | **Health Care — 0.0%** |
| &nbsp;&nbsp;&nbsp;United Laboratories International Holdings Ltd/The | 152890 | 296 |
| **Industrials — 0.3%** | **Industrials — 0.3%** | **Industrials — 0.3%** |
| &nbsp;&nbsp;&nbsp;Jardine Matheson Holdings Ltd | 114159 | 7204 |
| &nbsp;&nbsp;&nbsp;Swire Pacific Ltd, Cl A | 240300 | 2037 |
| &nbsp;&nbsp;&nbsp;Techtronic Industries Co Ltd | 147192 | 1882 |
| &nbsp;&nbsp;&nbsp;TS LINES LTD | 446000 | 489 |
|  |  | 11612 |
| **Information Technology — 0.0%** | **Information Technology — 0.0%** | **Information Technology — 0.0%** |
| &nbsp;&nbsp;&nbsp;PAX Global Technology Ltd | 764000 | 565 |
| &nbsp;&nbsp;&nbsp;VTech Holdings | 76600 | 617 |
|  |  | 1182 |
| **Real Estate — 0.5%** | **Real Estate — 0.5%** | **Real Estate — 0.5%** |
| &nbsp;&nbsp;&nbsp;CK Asset Holdings Ltd | 1720523 | 8334 |
| &nbsp;&nbsp;&nbsp;Hang Lung Group Ltd | 1051179 | 1982 |
| &nbsp;&nbsp;&nbsp;Hang Lung Properties Ltd | 2297842 | 2575 |
| &nbsp;&nbsp;&nbsp;Hysan Development Co Ltd | 77000 | 157 |
| &nbsp;&nbsp;&nbsp;Kerry Properties Ltd | 10627 | 29 |
| &nbsp;&nbsp;&nbsp;Sun Hung Kai Properties Ltd | 296084 | 3542 |
| &nbsp;&nbsp;&nbsp;Swire Properties Ltd | 168000 | 478 |
|  |  | 17097 |
| Total Hong Kong |  | 58702 |
| **India — 0.1%** | **India — 0.1%** | **India — 0.1%** |
| **Financials — 0.1%** | **Financials — 0.1%** | **Financials — 0.1%** |
| &nbsp;&nbsp;&nbsp;ICICI Bank Ltd ADR | 175279 | 5299 |
| **Indonesia — 0.2%** | **Indonesia — 0.2%** | **Indonesia — 0.2%** |
| **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** |
| &nbsp;&nbsp;&nbsp;First Pacific Co Ltd | 101631 | 85 |
| &nbsp;&nbsp;&nbsp;First Resources Ltd | 116300 | 152 |
| &nbsp;&nbsp;&nbsp;Golden Agri-Resources Ltd | 7633696 | 1745 |
|  |  | 1982 |

---

SEI Institutional International Trust 5

**SCHEDULE OF INVESTMENTS** 

September 30, 2025

**International Equity Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Financials — 0.2%** | **Financials — 0.2%** | **Financials — 0.2%** |
| &nbsp;&nbsp;&nbsp;Bank Rakyat Indonesia Persero Tbk PT | 29148308 | $6832 |
| Total Indonesia |  | 8814 |
| **Ireland — 1.1%** | **Ireland — 1.1%** | **Ireland — 1.1%** |
| **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** |
| &nbsp;&nbsp;&nbsp;Cairn Homes | 646679 | 1459 |
| **Financials — 1.0%** | **Financials — 1.0%** | **Financials — 1.0%** |
| &nbsp;&nbsp;&nbsp;AIB Group PLC | 1286747 | 11741 |
| &nbsp;&nbsp;&nbsp;Bank of Ireland Group PLC | 1569449 | 26007 |
|  |  | 37748 |
| **Health Care — 0.0%** | **Health Care — 0.0%** | **Health Care — 0.0%** |
| &nbsp;&nbsp;&nbsp;Amarin ADR <sup>\*</sup> | 11488 | 188 |
| **Industrials — 0.0%** | **Industrials — 0.0%** | **Industrials — 0.0%** |
| &nbsp;&nbsp;&nbsp;AerCap Holdings NV | 3091 | 374 |
| **Information Technology — 0.0%** | **Information Technology — 0.0%** | **Information Technology — 0.0%** |
| &nbsp;&nbsp;&nbsp;Fineos, Cl CDI <sup>\*</sup> | 16698 | 31 |
| Total Ireland |  | 39800 |
| **Israel — 1.5%** | **Israel — 1.5%** | **Israel — 1.5%** |
| **Communication Services — 0.0%** | **Communication Services — 0.0%** | **Communication Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;B Communications <sup>\*</sup> | 17959 | 121 |
| &nbsp;&nbsp;&nbsp;Nexxen International ADR <sup>\*</sup> | 19882 | 184 |
| &nbsp;&nbsp;&nbsp;Perion Network Ltd <sup>\*</sup> | 46268 | 444 |
|  |  | 749 |
| **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** |
| &nbsp;&nbsp;&nbsp;Max Stock | 23596 | 148 |
| **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** |
| &nbsp;&nbsp;&nbsp;Oddity Tech, Cl A <sup>\*</sup> | 5828 | 363 |
| **Energy — 0.1%** | **Energy — 0.1%** | **Energy — 0.1%** |
| &nbsp;&nbsp;&nbsp;Delek Group | 9227 | 2237 |
| **Financials — 0.8%** | **Financials — 0.8%** | **Financials — 0.8%** |
| &nbsp;&nbsp;&nbsp;Altshuler Shaham Finance | 11575 | 28 |
| &nbsp;&nbsp;&nbsp;Analyst IMS Investment Management Services | 703 | 28 |
| &nbsp;&nbsp;&nbsp;Bank Hapoalim BM | 108157 | 2204 |
| &nbsp;&nbsp;&nbsp;Bank Leumi Le-Israel BM | 963207 | 19028 |
| &nbsp;&nbsp;&nbsp;Harel Insurance Investments & Financial Services Ltd | 46502 | 1570 |
| &nbsp;&nbsp;&nbsp;More Provident Funds And Pension | 6030 | 25 |
| &nbsp;&nbsp;&nbsp;Nawi Group | 1461 | 23 |
| &nbsp;&nbsp;&nbsp;Phoenix Financial | 87396 | 3281 |
| &nbsp;&nbsp;&nbsp;Telephone Aviv Stock Exchange | 160509 | 3698 |
| &nbsp;&nbsp;&nbsp;YD More Investments | 38736 | 530 |
|  |  | 30415 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Health Care — 0.0%** | **Health Care — 0.0%** | **Health Care — 0.0%** |
| &nbsp;&nbsp;&nbsp;SofWave Medical <sup>\*</sup> | 3217 | $26 |
| **Industrials — 0.0%** | **Industrials — 0.0%** | **Industrials — 0.0%** |
| &nbsp;&nbsp;&nbsp;El Al Israel Airlines <sup>\*</sup> | 158263 | 723 |
| &nbsp;&nbsp;&nbsp;FMS Enterprises Migun | 498 | 30 |
|  |  | 753 |
| **Information Technology — 0.6%** | **Information Technology — 0.6%** | **Information Technology — 0.6%** |
| &nbsp;&nbsp;&nbsp;Allot <sup>\*</sup> | 73648 | 779 |
| &nbsp;&nbsp;&nbsp;Camtek Ltd <sup>\*</sup> | 610 | 64 |
| &nbsp;&nbsp;&nbsp;Check Point Software Technologies Ltd <sup>\*</sup> | 46050 | 9528 |
| &nbsp;&nbsp;&nbsp;Gilat Satellite Networks <sup>\*</sup> | 35170 | 458 |
| &nbsp;&nbsp;&nbsp;Ituran Location and Control | 14089 | 503 |
| &nbsp;&nbsp;&nbsp;Nice Ltd ADR <sup>\*</sup> | 20722 | 3000 |
| &nbsp;&nbsp;&nbsp;One Software Technologies | 4987 | 122 |
| &nbsp;&nbsp;&nbsp;Qualitau | 2356 | 321 |
| &nbsp;&nbsp;&nbsp;Wix.com Ltd <sup>\*</sup> | 27392 | 4866 |
|  |  | 19641 |
| Total Israel |  | 54332 |
| **Italy — 4.0%** | **Italy — 4.0%** | **Italy — 4.0%** |
| **Communication Services — 0.0%** | **Communication Services — 0.0%** | **Communication Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;Arnoldo Mondadori Editore SpA | 14973 | 38 |
| &nbsp;&nbsp;&nbsp;Fiera Milano | 14342 | 123 |
| &nbsp;&nbsp;&nbsp;MFE-MediaForEurope NV, Cl A | 251609 | 941 |
|  |  | 1102 |
| **Consumer Discretionary — 0.4%** | **Consumer Discretionary — 0.4%** | **Consumer Discretionary — 0.4%** |
| &nbsp;&nbsp;&nbsp;CIR SpA-Compagnie Industriali <sup>\*</sup> | 257347 | 198 |
| &nbsp;&nbsp;&nbsp;Ferrari NV | 17653 | 8564 |
| &nbsp;&nbsp;&nbsp;Lottomatica Group Spa | 134114 | 3612 |
| &nbsp;&nbsp;&nbsp;Moncler SpA | 2178 | 128 |
| &nbsp;&nbsp;&nbsp;OVS SpA | 99660 | 492 |
| &nbsp;&nbsp;&nbsp;Sogefi | 32435 | 100 |
| &nbsp;&nbsp;&nbsp;Technogym | 102800 | 1747 |
|  |  | 14841 |
| **Consumer Staples — 0.2%** | **Consumer Staples — 0.2%** | **Consumer Staples — 0.2%** |
| &nbsp;&nbsp;&nbsp;Coca-Cola HBC AG | 149937 | 7081 |
| &nbsp;&nbsp;&nbsp;Newlat Food <sup>\*</sup> | 19628 | 532 |
|  |  | 7613 |
| **Energy — 0.2%** | **Energy — 0.2%** | **Energy — 0.2%** |
| &nbsp;&nbsp;&nbsp;Eni SpA | 508722 | 8908 |
| **Financials — 1.7%** | **Financials — 1.7%** | **Financials — 1.7%** |
| &nbsp;&nbsp;&nbsp;Banca IFIS SpA | 14259 | 379 |
| &nbsp;&nbsp;&nbsp;Banca Mediolanum SpA | 544434 | 10944 |
| &nbsp;&nbsp;&nbsp;Banco di Desio e della Brianza SpA | 46031 | 417 |
| &nbsp;&nbsp;&nbsp;FinecoBank Banca Fineco SpA | 147757 | 3209 |
| &nbsp;&nbsp;&nbsp;Generali | 242972 | 9557 |
| &nbsp;&nbsp;&nbsp;Intesa Sanpaolo SpA | 916356 | 6070 |
| &nbsp;&nbsp;&nbsp;Poste Italiane SpA | 186995 | 4449 |
| &nbsp;&nbsp;&nbsp;UniCredit SpA | 231643 | 17641 |

---

6 SEI Institutional International Trust

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Unipol Gruppo SpA | 521602 | $| 11222 |
|  |  |  | 63888 |
| **Health Care — 0.1%** | **Health Care — 0.1%** | **Health Care — 0.1%** | **Health Care — 0.1%** |
| &nbsp;&nbsp;&nbsp;Philogen <sup>\*</sup> | 4066 |  | 114 |
| &nbsp;&nbsp;&nbsp;Recordati Industria Chimica e Farmaceutica SpA | 28974 |  | 1770 |
|  |  |  | 1884 |
| **Industrials — 0.4%** | **Industrials — 0.4%** | **Industrials — 0.4%** | **Industrials — 0.4%** |
| &nbsp;&nbsp;&nbsp;Fincantieri <sup>\*</sup> | 49352 |  | 1298 |
| &nbsp;&nbsp;&nbsp;Iveco Group NV | 134380 |  | 2914 |
| &nbsp;&nbsp;&nbsp;Leonardo SpA | 127266 |  | 8150 |
| &nbsp;&nbsp;&nbsp;Next Geosolutions Europe SPA <sup>\*</sup> | 1250 |  | 18 |
| &nbsp;&nbsp;&nbsp;Ryanair Holdings PLC ADR | 16979 |  | 1022 |
| &nbsp;&nbsp;&nbsp;TREVI - Finanziaria Industriale <sup>\*</sup> | 94063 |  | 60 |
| &nbsp;&nbsp;&nbsp;Webuild SpA | 162705 |  | 678 |
|  |  |  | 14140 |
| **Materials — 0.0%** | **Materials — 0.0%** | **Materials — 0.0%** | **Materials — 0.0%** |
| &nbsp;&nbsp;&nbsp;SOL | 1383 |  | 82 |
| **Utilities — 1.0%** | **Utilities — 1.0%** | **Utilities — 1.0%** | **Utilities — 1.0%** |
| &nbsp;&nbsp;&nbsp;A2A SpA | 3494488 |  | 9153 |
| &nbsp;&nbsp;&nbsp;ACEA SpA | 43769 |  | 1056 |
| &nbsp;&nbsp;&nbsp;Ascopiave SpA | 41746 |  | 150 |
| &nbsp;&nbsp;&nbsp;Enel SpA | 2158772 |  | 20474 |
| &nbsp;&nbsp;&nbsp;Iren SpA | 493045 |  | 1529 |
| &nbsp;&nbsp;&nbsp;Italgas | 368145 |  | 3394 |
|  |  |  | 35756 |
| Total Italy |  |  | 148214 |
| **Japan — 17.2%** | **Japan — 17.2%** | **Japan — 17.2%** | **Japan — 17.2%** |
| **Communication Services — 0.6%** | **Communication Services — 0.6%** | **Communication Services — 0.6%** | **Communication Services — 0.6%** |
| &nbsp;&nbsp;&nbsp;Capcom Co Ltd | 28834 |  | 784 |
| &nbsp;&nbsp;&nbsp;CyberAgent Inc | 39100 |  | 470 |
| &nbsp;&nbsp;&nbsp;Kakaku.com Inc | 91390 |  | 1572 |
| &nbsp;&nbsp;&nbsp;KDDI Corp | 26200 |  | 418 |
| &nbsp;&nbsp;&nbsp;Konami Group Corp | 13343 |  | 1928 |
| &nbsp;&nbsp;&nbsp;KURASHIRU INC <sup>\*</sup> | 2800 |  | 34 |
| &nbsp;&nbsp;&nbsp;Nexon Co Ltd | 113500 |  | 2494 |
| &nbsp;&nbsp;&nbsp;Nintendo Co Ltd | 123500 |  | 10700 |
| &nbsp;&nbsp;&nbsp;Nippon Telegraph & Telephone Corp | 1662240 |  | 1740 |
| &nbsp;&nbsp;&nbsp;SKY Perfect JSAT Holdings Inc | 169989 |  | 1602 |
|  |  |  | 21742 |
| **Consumer Discretionary — 3.0%** | **Consumer Discretionary — 3.0%** | **Consumer Discretionary — 3.0%** | **Consumer Discretionary — 3.0%** |
| &nbsp;&nbsp;&nbsp;Aisin Seiki | 148049 |  | 2560 |
| &nbsp;&nbsp;&nbsp;Asics Corp | 170573 |  | 4469 |
| &nbsp;&nbsp;&nbsp;Aucnet | 2200 |  | 28 |
| &nbsp;&nbsp;&nbsp;Bandai Namco Holdings Inc | 199449 |  | 6645 |
| &nbsp;&nbsp;&nbsp;Bridgestone Corp | 195707 |  | 9057 |
| &nbsp;&nbsp;&nbsp;Central Automotive Products | 1900 |  | 24 |
| &nbsp;&nbsp;&nbsp;Fast Retailing Co Ltd | 5371 |  | 1633 |
| &nbsp;&nbsp;&nbsp;Food & Life Cos Ltd | 67620 |  | 3535 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;GS Yuasa | 33 | $| 1 |
| &nbsp;&nbsp;&nbsp;Happinet | 2500 |  | 117 |
| &nbsp;&nbsp;&nbsp;Haseko Corp | 290764 |  | 4971 |
| &nbsp;&nbsp;&nbsp;Honda Motor Co Ltd | 160034 |  | 1654 |
| &nbsp;&nbsp;&nbsp;Iida Group Holdings Co Ltd | 315980 |  | 5046 |
| &nbsp;&nbsp;&nbsp;JTEKT Corp | 195122 |  | 1939 |
| &nbsp;&nbsp;&nbsp;LITALICO | 2600 |  | 24 |
| &nbsp;&nbsp;&nbsp;Mazda Motor Corp | 369886 |  | 2697 |
| &nbsp;&nbsp;&nbsp;Mitsubishi Motors Corp | 466751 |  | 1265 |
| &nbsp;&nbsp;&nbsp;NHK Spring | 139004 |  | 2090 |
| &nbsp;&nbsp;&nbsp;Niterra Co Ltd | 139366 |  | 5383 |
| &nbsp;&nbsp;&nbsp;NOK Corp | 96212 |  | 1691 |
| &nbsp;&nbsp;&nbsp;Open House Group Co Ltd | 36495 |  | 1891 |
| &nbsp;&nbsp;&nbsp;Panasonic Holdings Corp | 570218 |  | 6198 |
| &nbsp;&nbsp;&nbsp;Ryohin Keikaku Co Ltd | 292206 |  | 5822 |
| &nbsp;&nbsp;&nbsp;Sankyo Co Ltd | 229222 |  | 3988 |
| &nbsp;&nbsp;&nbsp;Sanrio Co Ltd | 39945 |  | 1878 |
| &nbsp;&nbsp;&nbsp;Shimamura Co Ltd | 30948 |  | 2072 |
| &nbsp;&nbsp;&nbsp;Subaru Corp | 321534 |  | 6562 |
| &nbsp;&nbsp;&nbsp;Sumitomo Electric Industries Ltd | 359700 |  | 10249 |
| &nbsp;&nbsp;&nbsp;Sumitomo Rubber Industries Ltd | 116252 |  | 1411 |
| &nbsp;&nbsp;&nbsp;Takashimaya Co Ltd | 126012 |  | 1443 |
| &nbsp;&nbsp;&nbsp;Toyo Tire | 101518 |  | 2699 |
| &nbsp;&nbsp;&nbsp;Toyota Boshoku | 2400 |  | 40 |
| &nbsp;&nbsp;&nbsp;USS Co Ltd | 404948 |  | 4655 |
| &nbsp;&nbsp;&nbsp;Yamada Holdings Co Ltd | 447722 |  | 1471 |
| &nbsp;&nbsp;&nbsp;Yokohama Rubber Co Ltd/The | 64615 |  | 2393 |
| &nbsp;&nbsp;&nbsp;Yonex Co Ltd | 65559 |  | 1682 |
| &nbsp;&nbsp;&nbsp;ZOZO Inc | 67532 |  | 621 |
|  |  |  | 109904 |
| **Consumer Staples — 0.8%** | **Consumer Staples — 0.8%** | **Consumer Staples — 0.8%** | **Consumer Staples — 0.8%** |
| &nbsp;&nbsp;&nbsp;Aeon Co Ltd | 695515 |  | 8454 |
| &nbsp;&nbsp;&nbsp;Japan Tobacco Inc | 115196 |  | 3783 |
| &nbsp;&nbsp;&nbsp;Nissui Corp | 247900 |  | 1749 |
| &nbsp;&nbsp;&nbsp;Suntory Beverage & Food Ltd | 466430 |  | 14598 |
|  |  |  | 28584 |
| **Energy — 0.5%** | **Energy — 0.5%** | **Energy — 0.5%** | **Energy — 0.5%** |
| &nbsp;&nbsp;&nbsp;ENEOS Holdings Inc | 407765 |  | 2586 |
| &nbsp;&nbsp;&nbsp;Inpex Corp | 532114 |  | 9594 |
| &nbsp;&nbsp;&nbsp;Nippon Mining Holdings <sup>\*</sup> | 372150 |  | 4940 |
|  |  |  | 17120 |
| **Financials — 1.6%** | **Financials — 1.6%** | **Financials — 1.6%** | **Financials — 1.6%** |
| &nbsp;&nbsp;&nbsp;Daiwa Securities Group Inc | 26783 |  | 218 |
| &nbsp;&nbsp;&nbsp;Fukuoka Financial Group Inc | 221757 |  | 6641 |
| &nbsp;&nbsp;&nbsp;Japan Post Holdings Co Ltd | 792347 |  | 7875 |
| &nbsp;&nbsp;&nbsp;Japan Post Insurance Co Ltd | 112967 |  | 3206 |
| &nbsp;&nbsp;&nbsp;Keiyo Bank | 7900 |  | 68 |
| &nbsp;&nbsp;&nbsp;Kita-Nippon Bank | 1300 |  | 34 |
| &nbsp;&nbsp;&nbsp;Mitsubishi UFJ Financial Group Inc | 617536 |  | 9975 |
| &nbsp;&nbsp;&nbsp;Miyazaki Bank | 900 |  | 28 |
| &nbsp;&nbsp;&nbsp;Mizuho Financial Group Inc | 135300 |  | 4554 |

---

SEI Institutional International Trust 7

**SCHEDULE OF INVESTMENTS** 

September 30, 2025

**International Equity Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Musashino Bank Ltd/The | 1600 | $| 44 |
| &nbsp;&nbsp;&nbsp;Net Protections Holdings Inc <sup>\*</sup> | 40400 |  | 241 |
| &nbsp;&nbsp;&nbsp;Nomura Holdings Inc | 378700 |  | 2779 |
| &nbsp;&nbsp;&nbsp;Ogaki Kyoritsu Bank | 1500 |  | 35 |
| &nbsp;&nbsp;&nbsp;Resona Holdings Inc | 1219870 |  | 12456 |
| &nbsp;&nbsp;&nbsp;San ju San Financial Group | 1800 |  | 44 |
| &nbsp;&nbsp;&nbsp;SBI Holdings Inc/Japan | 69400 |  | 3026 |
| &nbsp;&nbsp;&nbsp;Sumitomo Mitsui Financial Group Inc | 172973 |  | 4873 |
| &nbsp;&nbsp;&nbsp;Toho Bank | 17900 |  | 56 |
| &nbsp;&nbsp;&nbsp;Tokio Marine Holdings Inc | 40578 |  | 1720 |
| &nbsp;&nbsp;&nbsp;TOMONY Holdings | 6300 |  | 29 |
|  |  |  | 57902 |
| **Health Care — 1.6%** | **Health Care — 1.6%** | **Health Care — 1.6%** | **Health Care — 1.6%** |
| &nbsp;&nbsp;&nbsp;Alfresa Holdings Corp | 92849 |  | 1331 |
| &nbsp;&nbsp;&nbsp;Asahi Intecc Co Ltd | 97974 |  | 1594 |
| &nbsp;&nbsp;&nbsp;Chugai Pharmaceutical Co Ltd | 126020 |  | 5595 |
| &nbsp;&nbsp;&nbsp;Hoya Corp | 32256 |  | 4466 |
| &nbsp;&nbsp;&nbsp;Medipal Holdings Corp | 98371 |  | 1695 |
| &nbsp;&nbsp;&nbsp;Nippon Shinyaku Co Ltd | 35036 |  | 792 |
| &nbsp;&nbsp;&nbsp;Olympus Corp | 1176097 |  | 14890 |
| &nbsp;&nbsp;&nbsp;Shionogi & Co Ltd | 949486 |  | 16752 |
| &nbsp;&nbsp;&nbsp;Suzuken Co Ltd/Aichi Japan | 53345 |  | 2099 |
| &nbsp;&nbsp;&nbsp;Takeda Pharmaceutical Co Ltd | 267521 |  | 7868 |
| &nbsp;&nbsp;&nbsp;Terumo Corp | 32614 |  | 539 |
| &nbsp;&nbsp;&nbsp;Toho Holdings Co Ltd | 51530 |  | 1904 |
|  |  |  | 59525 |
| **Industrials — 4.2%** | **Industrials — 4.2%** | **Industrials — 4.2%** | **Industrials — 4.2%** |
| &nbsp;&nbsp;&nbsp;Amada Co Ltd | 287008 |  | 3532 |
| &nbsp;&nbsp;&nbsp;ANA Holdings Inc | 95391 |  | 1845 |
| &nbsp;&nbsp;&nbsp;Asahi Diamond Industrial | 4900 |  | 29 |
| &nbsp;&nbsp;&nbsp;Central Japan Railway Co | 286165 |  | 8215 |
| &nbsp;&nbsp;&nbsp;COMSYS Holdings Corp | 67844 |  | 1692 |
| &nbsp;&nbsp;&nbsp;Dai Nippon Printing Co Ltd | 256270 |  | 4364 |
| &nbsp;&nbsp;&nbsp;Daihatsu Diesel Manufacturing | 3200 |  | 66 |
| &nbsp;&nbsp;&nbsp;Daikin Industries Ltd | 126700 |  | 14624 |
| &nbsp;&nbsp;&nbsp;EXEO Group Inc | 128253 |  | 1858 |
| &nbsp;&nbsp;&nbsp;Fuji Corp/Aichi | 12948 |  | 236 |
| &nbsp;&nbsp;&nbsp;Fujikura Ltd | 68511 |  | 6711 |
| &nbsp;&nbsp;&nbsp;Furukawa Electric Co Ltd | 40993 |  | 2530 |
| &nbsp;&nbsp;&nbsp;Gakujo Co Ltd | 2000 |  | 23 |
| &nbsp;&nbsp;&nbsp;Gecoss Corp | 2800 |  | 26 |
| &nbsp;&nbsp;&nbsp;Hanwa Co Ltd | 171 |  | 7 |
| &nbsp;&nbsp;&nbsp;Hikari Tsushin Inc | 10672 |  | 2977 |
| &nbsp;&nbsp;&nbsp;Hirakawa Hewtech | 2600 |  | 36 |
| &nbsp;&nbsp;&nbsp;Hirata | 1900 |  | 25 |
| &nbsp;&nbsp;&nbsp;Hitachi Ltd | 73200 |  | 1942 |
| &nbsp;&nbsp;&nbsp;INFRONEER Holdings | 183505 |  | 1911 |
| &nbsp;&nbsp;&nbsp;Japan Airlines Co Ltd | 86821 |  | 1751 |
| &nbsp;&nbsp;&nbsp;Kajima Corp | 137006 |  | 3998 |
| &nbsp;&nbsp;&nbsp;Kanaden Corp | 2000 |  | 28 |
| &nbsp;&nbsp;&nbsp;Kanematsu Corp | 83463 |  | 1760 |
| &nbsp;&nbsp;&nbsp;Kinden Corp | 78906 |  | 2702 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Kitz Corp | 12200 | $| 139 |
| &nbsp;&nbsp;&nbsp;Komatsu Ltd | 409470 |  | 14284 |
| &nbsp;&nbsp;&nbsp;KPP Group Holdings | 13100 |  | 70 |
| &nbsp;&nbsp;&nbsp;MARUKA FURUSATO | 1800 |  | 28 |
| &nbsp;&nbsp;&nbsp;MINEBEA MITSUMI Inc | 786706 |  | 14803 |
| &nbsp;&nbsp;&nbsp;Mitsubishi Electric Corp | 76400 |  | 1965 |
| &nbsp;&nbsp;&nbsp;Mitsubishi Heavy Industries Ltd | 635207 |  | 16645 |
| &nbsp;&nbsp;&nbsp;Nachi-Fujikoshi Corp | 1200 |  | 30 |
| &nbsp;&nbsp;&nbsp;Nagase & Co Ltd | 65521 |  | 1418 |
| &nbsp;&nbsp;&nbsp;NGK Insulators Ltd | 143800 |  | 2407 |
| &nbsp;&nbsp;&nbsp;NIPPON EXPRESS HOLDINGS INC | 1788 |  | 41 |
| &nbsp;&nbsp;&nbsp;Nippon Yusen KK | 4555 |  | 156 |
| &nbsp;&nbsp;&nbsp;NSK Ltd | 311413 |  | 1609 |
| &nbsp;&nbsp;&nbsp;Obayashi | 346880 |  | 5701 |
| &nbsp;&nbsp;&nbsp;Oiles | 1700 |  | 27 |
| &nbsp;&nbsp;&nbsp;Recruit Holdings Co Ltd | 74035 |  | 3986 |
| &nbsp;&nbsp;&nbsp;Sanko Gosei | 28900 |  | 169 |
| &nbsp;&nbsp;&nbsp;Sankyu Inc | 38167 |  | 2090 |
| &nbsp;&nbsp;&nbsp;Sanwa Holdings Corp | 100565 |  | 2879 |
| &nbsp;&nbsp;&nbsp;Shimizu | 350678 |  | 4933 |
| &nbsp;&nbsp;&nbsp;Shinwa | 1100 |  | 25 |
| &nbsp;&nbsp;&nbsp;Sumitomo Corp | 64098 |  | 1857 |
| &nbsp;&nbsp;&nbsp;Sumitomo Heavy Industries Ltd | 77186 |  | 1857 |
| &nbsp;&nbsp;&nbsp;Taisei Corp | 47374 |  | 3260 |
| &nbsp;&nbsp;&nbsp;Terasaki Electric | 1100 |  | 27 |
| &nbsp;&nbsp;&nbsp;Tocalo Co Ltd | 2000 |  | 29 |
| &nbsp;&nbsp;&nbsp;Toyota Tsusho Corp | 437328 |  | 12123 |
| &nbsp;&nbsp;&nbsp;Tsubakimoto Chain Co | 11229 |  | 163 |
| &nbsp;&nbsp;&nbsp;Tsubakimoto Kogyo Co Ltd | 1800 |  | 34 |
| &nbsp;&nbsp;&nbsp;Yurtec | 4600 |  | 84 |
|  |  |  | 155727 |
| **Information Technology — 2.5%** | **Information Technology — 2.5%** | **Information Technology — 2.5%** | **Information Technology — 2.5%** |
| &nbsp;&nbsp;&nbsp;Advantest Corp | 38770 |  | 3841 |
| &nbsp;&nbsp;&nbsp;Alps Alpine Co Ltd | 143537 |  | 1819 |
| &nbsp;&nbsp;&nbsp;Amano Corp | 22800 |  | 647 |
| &nbsp;&nbsp;&nbsp;Anritsu Corp | 174672 |  | 2226 |
| &nbsp;&nbsp;&nbsp;Argo Graphics | 8400 |  | 70 |
| &nbsp;&nbsp;&nbsp;BIPROGY Inc | 45990 |  | 1879 |
| &nbsp;&nbsp;&nbsp;Brother Industries Ltd | 114892 |  | 1922 |
| &nbsp;&nbsp;&nbsp;Canon Inc | 349959 |  | 10227 |
| &nbsp;&nbsp;&nbsp;Canon Marketing Japan Inc | 18850 |  | 763 |
| &nbsp;&nbsp;&nbsp;Celsys | 13200 |  | 168 |
| &nbsp;&nbsp;&nbsp;Citizen Watch Co Ltd | 231404 |  | 1571 |
| &nbsp;&nbsp;&nbsp;Comture Corp | 6900 |  | 76 |
| &nbsp;&nbsp;&nbsp;Digital Information Technologies | 1400 |  | 25 |
| &nbsp;&nbsp;&nbsp;DKK | 1700 |  | 23 |
| &nbsp;&nbsp;&nbsp;Furuno Electric | 15600 |  | 597 |
| &nbsp;&nbsp;&nbsp;Innotech | 2500 |  | 27 |
| &nbsp;&nbsp;&nbsp;Japan Aviation Electronics Industry Ltd | 25000 |  | 425 |
| &nbsp;&nbsp;&nbsp;Japan Electronic Materials Corp | 4800 |  | 111 |
| &nbsp;&nbsp;&nbsp;Japan Material | 2700 |  | 33 |
| &nbsp;&nbsp;&nbsp;Keyence Corp | 8609 |  | 3212 |
| &nbsp;&nbsp;&nbsp;Koa | 27500 |  | 217 |

---

8 SEI Institutional International Trust

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Konica Minolta Inc | 377345 | $| 1344 |
| &nbsp;&nbsp;&nbsp;Lasertec Corp | 9600 |  | 1315 |
| &nbsp;&nbsp;&nbsp;Mabuchi Motor Co Ltd | 94203 |  | 1650 |
| &nbsp;&nbsp;&nbsp;Marubun | 9300 |  | 77 |
| &nbsp;&nbsp;&nbsp;Murata Manufacturing Co Ltd | 1055800 |  | 20071 |
| &nbsp;&nbsp;&nbsp;NEC Corp | 58159 |  | 1864 |
| &nbsp;&nbsp;&nbsp;Nichicon | 29200 |  | 292 |
| &nbsp;&nbsp;&nbsp;Nippon Ceramic | 5300 |  | 126 |
| &nbsp;&nbsp;&nbsp;Obic Co Ltd | 54548 |  | 1904 |
| &nbsp;&nbsp;&nbsp;Oki Electric Industry | 5700 |  | 62 |
| &nbsp;&nbsp;&nbsp;Optex Group | 4400 |  | 63 |
| &nbsp;&nbsp;&nbsp;Oracle Corp Japan | 12014 |  | 1228 |
| &nbsp;&nbsp;&nbsp;Rakus | 22600 |  | 208 |
| &nbsp;&nbsp;&nbsp;RYODEN CORP | 1200 |  | 25 |
| &nbsp;&nbsp;&nbsp;SCSK Corp | 94305 |  | 2827 |
| &nbsp;&nbsp;&nbsp;Seiko Epson Corp | 255989 |  | 3279 |
| &nbsp;&nbsp;&nbsp;SHIFT <sup>\*</sup> | 61800 |  | 524 |
| &nbsp;&nbsp;&nbsp;Siix | 5900 |  | 54 |
| &nbsp;&nbsp;&nbsp;Socionext Inc | 10300 |  | 194 |
| &nbsp;&nbsp;&nbsp;Sumida | 11400 |  | 84 |
| &nbsp;&nbsp;&nbsp;System Support | 1400 |  | 32 |
| &nbsp;&nbsp;&nbsp;Tachibana Eletech | 1300 |  | 26 |
| &nbsp;&nbsp;&nbsp;Tazmo | 6300 |  | 104 |
| &nbsp;&nbsp;&nbsp;TDK Corp | 1404796 |  | 20370 |
| &nbsp;&nbsp;&nbsp;TIS Inc | 130392 |  | 4307 |
| &nbsp;&nbsp;&nbsp;Wacom | 36000 |  | 199 |
| &nbsp;&nbsp;&nbsp;Yokogawa Electric Corp | 68717 |  | 1975 |
|  |  |  | 94083 |
| **Materials — 1.3%** | **Materials — 1.3%** | **Materials — 1.3%** | **Materials — 1.3%** |
| &nbsp;&nbsp;&nbsp;ADEKA | 77446 |  | 1728 |
| &nbsp;&nbsp;&nbsp;Asahi Kasei Corp | 578038 |  | 4549 |
| &nbsp;&nbsp;&nbsp;Daicel Corp | 157639 |  | 1437 |
| &nbsp;&nbsp;&nbsp;Dainippon Ink and Chemicals | 5305 |  | 131 |
| &nbsp;&nbsp;&nbsp;JFE Holdings Inc | 316668 |  | 3891 |
| &nbsp;&nbsp;&nbsp;Kobe Steel Ltd | 232065 |  | 2746 |
| &nbsp;&nbsp;&nbsp;Mitsubishi Materials Corp | 85917 |  | 1614 |
| &nbsp;&nbsp;&nbsp;Mitsui Chemicals Inc | 69888 |  | 1749 |
| &nbsp;&nbsp;&nbsp;Nippon Paint Holdings Co Ltd | 14559 |  | 100 |
| &nbsp;&nbsp;&nbsp;Nippon Shokubai Co Ltd | 112520 |  | 1389 |
| &nbsp;&nbsp;&nbsp;Nippon Steel Corp | 1820745 |  | 7509 |
| &nbsp;&nbsp;&nbsp;Nissan Chemical Corp | 54917 |  | 1992 |
| &nbsp;&nbsp;&nbsp;Nitto Denko Corp | 172659 |  | 4098 |
| &nbsp;&nbsp;&nbsp;Oji Holdings Corp | 459655 |  | 2518 |
| &nbsp;&nbsp;&nbsp;Rengo Co Ltd | 233493 |  | 1477 |
| &nbsp;&nbsp;&nbsp;Sakata INX Corp | 5300 |  | 83 |
| &nbsp;&nbsp;&nbsp;Soken Chemical & Engineering | 2300 |  | 32 |
| &nbsp;&nbsp;&nbsp;Taiheiyo Cement Corp | 60780 |  | 1580 |
| &nbsp;&nbsp;&nbsp;Teijin Ltd | 202263 |  | 1721 |
| &nbsp;&nbsp;&nbsp;Tokuyama Corp | 7083 |  | 176 |
| &nbsp;&nbsp;&nbsp;Toray Industries Inc | 666327 |  | 4257 |
| &nbsp;&nbsp;&nbsp;Tosoh Corp | 129458 |  | 1918 |
|  |  |  | 46695 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Real Estate — 0.4%** | **Real Estate — 0.4%** | **Real Estate — 0.4%** |
| &nbsp;&nbsp;&nbsp;Daiwa House Industry Co Ltd | 231283 | $8318 |
| &nbsp;&nbsp;&nbsp;Sumitomo Realty & Development Co Ltd | 191638 | 8464 |
|  |  | 16782 |
| **Utilities — 0.7%** | **Utilities — 0.7%** | **Utilities — 0.7%** |
| &nbsp;&nbsp;&nbsp;Chubu Electric Power Co Inc | 358996 | 4992 |
| &nbsp;&nbsp;&nbsp;Chugoku Electric Power Co Inc/The | 320499 | 1828 |
| &nbsp;&nbsp;&nbsp;Electric Power Development Co Ltd | 78868 | 1480 |
| &nbsp;&nbsp;&nbsp;Kansai Electric Power Co Inc/The | 495047 | 7091 |
| &nbsp;&nbsp;&nbsp;Kyushu Electric Power Co Inc | 355415 | 3555 |
| &nbsp;&nbsp;&nbsp;Shikoku Electric Power Co Inc | 164033 | 1458 |
| &nbsp;&nbsp;&nbsp;Tohoku Electric Power Co Inc | 204395 | 1486 |
| &nbsp;&nbsp;&nbsp;Tokyo Electric Power Co Holdings Inc <sup>\*</sup> | 803933 | 3771 |
|  |  | 25661 |
| Total Japan |  | 633725 |
| **Liechtenstein — 0.0%** | **Liechtenstein — 0.0%** | **Liechtenstein — 0.0%** |
| **Financials — 0.0%** | **Financials — 0.0%** | **Financials — 0.0%** |
| &nbsp;&nbsp;&nbsp;VP Bank AG, Cl A | 992 | 103 |
| **Luxembourg — 0.8%** | **Luxembourg — 0.8%** | **Luxembourg — 0.8%** |
| **Communication Services — 0.0%** | **Communication Services — 0.0%** | **Communication Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;SES SA, Cl A | 213277 | 1633 |
| **Materials — 0.8%** | **Materials — 0.8%** | **Materials — 0.8%** |
| &nbsp;&nbsp;&nbsp;ArcelorMittal SA | 788683 | 28475 |
| Total Luxembourg |  | 30108 |
| **Macao — 0.4%** | **Macao — 0.4%** | **Macao — 0.4%** |
| **Consumer Discretionary — 0.4%** | **Consumer Discretionary — 0.4%** | **Consumer Discretionary — 0.4%** |
| &nbsp;&nbsp;&nbsp;Galaxy Entertainment Group Ltd | 2987091 | 16427 |
| **Netherlands — 5.0%** | **Netherlands — 5.0%** | **Netherlands — 5.0%** |
| **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** |
| &nbsp;&nbsp;&nbsp;Kendrion | 447 | 7 |
| **Consumer Staples — 0.4%** | **Consumer Staples — 0.4%** | **Consumer Staples — 0.4%** |
| &nbsp;&nbsp;&nbsp;Koninklijke Ahold Delhaize NV | 397699 | 16106 |
| **Energy — 0.2%** | **Energy — 0.2%** | **Energy — 0.2%** |
| &nbsp;&nbsp;&nbsp;Koninklijke Vopak NV | 28936 | 1329 |
| &nbsp;&nbsp;&nbsp;SBM Offshore NV | 148980 | 3816 |
|  |  | 5145 |
| **Financials — 2.4%** | **Financials — 2.4%** | **Financials — 2.4%** |
| &nbsp;&nbsp;&nbsp;ABN AMRO Bank NV | 573541 | 18414 |
| &nbsp;&nbsp;&nbsp;Adyen NV <sup>\*</sup> | 3837 | 6179 |
| &nbsp;&nbsp;&nbsp;Aegon Ltd | 759725 | 6130 |
| &nbsp;&nbsp;&nbsp;Euronext NV | 35665 | 5344 |
| &nbsp;&nbsp;&nbsp;Flow Traders Ltd <sup>\*</sup> | 18752 | 561 |
| &nbsp;&nbsp;&nbsp;HAL Trust | 3083 | 491 |
| &nbsp;&nbsp;&nbsp;ING Groep NV | 1375408 | 36086 |
| &nbsp;&nbsp;&nbsp;NN Group NV | 194048 | 13695 |
|  |  | 86900 |

---

SEI Institutional International Trust 9

**SCHEDULE OF INVESTMENTS** 

September 30, 2025

**International Equity Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Health Care — 0.4%** | **Health Care — 0.4%** | **Health Care — 0.4%** |
| &nbsp;&nbsp;&nbsp;Argenx SE ADR <sup>\*</sup> | 2807 | $2070 |
| &nbsp;&nbsp;&nbsp;Argenx SE <sup>\*</sup> | 2042 | 1510 |
| &nbsp;&nbsp;&nbsp;Koninklijke Philips NV | 431589 | 11833 |
| &nbsp;&nbsp;&nbsp;Pharming Group NV <sup>\*</sup> | 162283 | 239 |
|  |  | 15652 |
| **Industrials — 0.5%** | **Industrials — 0.5%** | **Industrials — 0.5%** |
| &nbsp;&nbsp;&nbsp;Koninklijke BAM Groep SE | 188306 | 1785 |
| &nbsp;&nbsp;&nbsp;Randstad NV | 272762 | 11640 |
| &nbsp;&nbsp;&nbsp;Wolters Kluwer NV | 46040 | 6289 |
|  |  | 19714 |
| **Information Technology — 1.1%** | **Information Technology — 1.1%** | **Information Technology — 1.1%** |
| &nbsp;&nbsp;&nbsp;ASM International NV | 7740 | 4672 |
| &nbsp;&nbsp;&nbsp;ASML Holding NV | 10485 | 10233 |
| &nbsp;&nbsp;&nbsp;ASML Holding NV, Cl G | 24884 | 24090 |
| &nbsp;&nbsp;&nbsp;Nedap NV | 1390 | 155 |
|  |  | 39150 |
| **Materials — 0.0%** | **Materials — 0.0%** | **Materials — 0.0%** |
| &nbsp;&nbsp;&nbsp;AMG Critical Materials | 4401 | 149 |
| Total Netherlands |  | 182823 |
| **New Zealand — 0.2%** | **New Zealand — 0.2%** | **New Zealand — 0.2%** |
| **Energy — 0.0%** | **Energy — 0.0%** | **Energy — 0.0%** |
| &nbsp;&nbsp;&nbsp;Channel Infrastructure NZ Ltd | 17926 | 27 |
| **Health Care — 0.1%** | **Health Care — 0.1%** | **Health Care — 0.1%** |
| &nbsp;&nbsp;&nbsp;Fisher & Paykel Healthcare Corp Ltd | 200738 | 4318 |
| **Industrials — 0.0%** | **Industrials — 0.0%** | **Industrials — 0.0%** |
| &nbsp;&nbsp;&nbsp;Freightways Group Ltd | 8186 | 65 |
| **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** |
| &nbsp;&nbsp;&nbsp;Xero Ltd <sup>\*</sup> | 17447 | 1824 |
| Total New Zealand |  | 6234 |
| **Nigeria — 0.1%** | **Nigeria — 0.1%** | **Nigeria — 0.1%** |
| **Communication Services — 0.1%** | **Communication Services — 0.1%** | **Communication Services — 0.1%** |
| &nbsp;&nbsp;&nbsp;Airtel Africa | 613127 | 2015 |
| &nbsp;&nbsp;&nbsp;IHS Holding <sup>\*</sup> | 50240 | 343 |
|  |  | 2358 |
| Total Nigeria |  | 2358 |
| **Norway — 1.0%** | **Norway — 1.0%** | **Norway — 1.0%** |
| **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** |
| &nbsp;&nbsp;&nbsp;Europris | 174988 | 1777 |
| &nbsp;&nbsp;&nbsp;SATS | 8582 | 33 |
|  |  | 1810 |
| **Consumer Staples — 0.1%** | **Consumer Staples — 0.1%** | **Consumer Staples — 0.1%** |
| &nbsp;&nbsp;&nbsp;Orkla ASA | 443353 | 4636 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Energy — 0.8%** | **Energy — 0.8%** | **Energy — 0.8%** |
| &nbsp;&nbsp;&nbsp;Aker Solutions ASA | 313569 | $942 |
| &nbsp;&nbsp;&nbsp;BW Offshore | 7873 | 29 |
| &nbsp;&nbsp;&nbsp;Equinor ASA | 1116365 | 27229 |
| &nbsp;&nbsp;&nbsp;MORELD ASA | 21970 | 37 |
|  |  | 28237 |
| **Financials — 0.0%** | **Financials — 0.0%** | **Financials — 0.0%** |
| &nbsp;&nbsp;&nbsp;DNB Bank ASA | 39451 | 1075 |
| **Industrials — 0.0%** | **Industrials — 0.0%** | **Industrials — 0.0%** |
| &nbsp;&nbsp;&nbsp;AF Gruppen ASA | 3040 | 51 |
| &nbsp;&nbsp;&nbsp;Hoegh Autoliners ASA | 2255 | 24 |
| &nbsp;&nbsp;&nbsp;Kongsberg Gruppen | 265 | 9 |
| &nbsp;&nbsp;&nbsp;Norwegian Air Shuttle | 128895 | 206 |
| &nbsp;&nbsp;&nbsp;Wallenius Wilhelmsen ASA, Cl B | 2279 | 20 |
| &nbsp;&nbsp;&nbsp;Wilh Wilhelmsen Holding ASA, Cl B | 1537 | 73 |
|  |  | 383 |
| **Information Technology — 0.0%** | **Information Technology — 0.0%** | **Information Technology — 0.0%** |
| &nbsp;&nbsp;&nbsp;Kitron | 89103 | 522 |
| &nbsp;&nbsp;&nbsp;NORBIT ASA | 3128 | 58 |
| &nbsp;&nbsp;&nbsp;Pexip Holding | 31909 | 198 |
|  |  | 778 |
| Total Norway |  | 36919 |
| **Portugal — 0.3%** | **Portugal — 0.3%** | **Portugal — 0.3%** |
| **Communication Services — 0.0%** | **Communication Services — 0.0%** | **Communication Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;NOS SGPS SA | 20836 | 95 |
| **Consumer Staples — 0.2%** | **Consumer Staples — 0.2%** | **Consumer Staples — 0.2%** |
| &nbsp;&nbsp;&nbsp;Jeronimo Martins SGPS SA | 184433 | 4494 |
| &nbsp;&nbsp;&nbsp;Sonae SGPS SA | 1139902 | 1792 |
|  |  | 6286 |
| **Financials — 0.1%** | **Financials — 0.1%** | **Financials — 0.1%** |
| &nbsp;&nbsp;&nbsp;Banco Comercial Portugues SA, Cl R | 3246896 | 2885 |
| **Industrials — 0.0%** | **Industrials — 0.0%** | **Industrials — 0.0%** |
| &nbsp;&nbsp;&nbsp;Mota-Engil SGPS | 234073 | 1408 |
| &nbsp;&nbsp;&nbsp;Teixeira Duarte <sup>\*</sup> | 269447 | 169 |
|  |  | 1577 |
| Total Portugal |  | 10843 |
| **Singapore — 2.2%** | **Singapore — 2.2%** | **Singapore — 2.2%** |
| **Communication Services — 0.2%** | **Communication Services — 0.2%** | **Communication Services — 0.2%** |
| &nbsp;&nbsp;&nbsp;IGG Inc | 237587 | 137 |
| &nbsp;&nbsp;&nbsp;Singapore Telecommunications | 2180100 | 6974 |
|  |  | 7111 |
| **Consumer Discretionary — 0.6%** | **Consumer Discretionary — 0.6%** | **Consumer Discretionary — 0.6%** |
| &nbsp;&nbsp;&nbsp;Sea Ltd ADR <sup>\*</sup> | 134018 | 23953 |
| **Energy — 0.0%** | **Energy — 0.0%** | **Energy — 0.0%** |
| &nbsp;&nbsp;&nbsp;Hafnia Ltd | 39685 | 239 |

---

10 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Financials — 0.7%** | **Financials — 0.7%** | **Financials — 0.7%** |
| &nbsp;&nbsp;&nbsp;DBS Group Holdings Ltd | 102858 | $4082 |
| &nbsp;&nbsp;&nbsp;iFAST | 101200 | 697 |
| &nbsp;&nbsp;&nbsp;Oversea-Chinese Banking Corp Ltd | 365500 | 4663 |
| &nbsp;&nbsp;&nbsp;Singapore Exchange Ltd | 351063 | 4509 |
| &nbsp;&nbsp;&nbsp;United Overseas Bank Ltd | 329964 | 8866 |
| &nbsp;&nbsp;&nbsp;Yangzijiang Financial Holding Ltd | 2356225 | 2195 |
|  |  | 25012 |
| **Industrials — 0.4%** | **Industrials — 0.4%** | **Industrials — 0.4%** |
| &nbsp;&nbsp;&nbsp;ComfortDelGro Corp Ltd | 1235558 | 1391 |
| &nbsp;&nbsp;&nbsp;Pan-United | 15100 | 13 |
| &nbsp;&nbsp;&nbsp;SIA Engineering | 158000 | 434 |
| &nbsp;&nbsp;&nbsp;Singapore Airlines Ltd | 702038 | 3551 |
| &nbsp;&nbsp;&nbsp;Singapore Technologies Engineering Ltd | 1299007 | 8679 |
|  |  | 14068 |
| **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** |
| &nbsp;&nbsp;&nbsp;STMicroelectronics NV, Cl Y | 96572 | 2729 |
| &nbsp;&nbsp;&nbsp;UMS Integration | 161800 | 175 |
| &nbsp;&nbsp;&nbsp;Venture Corp Ltd | 205724 | 2226 |
|  |  | 5130 |
| **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** |
| &nbsp;&nbsp;&nbsp;Centurion | 405800 | 473 |
| &nbsp;&nbsp;&nbsp;City Developments Ltd | 351682 | 1888 |
| &nbsp;&nbsp;&nbsp;Ho Bee Investment | 14900 | 25 |
| &nbsp;&nbsp;&nbsp;Keppel DC REIT ‡ | 897600 | 1665 |
| &nbsp;&nbsp;&nbsp;Singapore Land Group Ltd | 6600 | 16 |
| &nbsp;&nbsp;&nbsp;UOL Group Ltd | 337258 | 2044 |
|  |  | 6111 |
| Total Singapore |  | 81624 |
| **South Korea — 1.1%** | **South Korea — 1.1%** | **South Korea — 1.1%** |
| **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** |
| &nbsp;&nbsp;&nbsp;Coupang Inc, Cl A <sup>\*</sup> | 244699 | 7879 |
| **Financials — 0.2%** | **Financials — 0.2%** | **Financials — 0.2%** |
| &nbsp;&nbsp;&nbsp;Shinhan Financial Group Co Ltd | 138784 | 6997 |
| **Information Technology — 0.7%** | **Information Technology — 0.7%** | **Information Technology — 0.7%** |
| &nbsp;&nbsp;&nbsp;Samsung Electronics Co Ltd | 396972 | 23799 |
| Total South Korea |  | 38675 |
| **Spain — 2.4%** | **Spain — 2.4%** | **Spain — 2.4%** |
| **Communication Services — 0.0%** | **Communication Services — 0.0%** | **Communication Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;Telefonica SA | 294787 | 1518 |
| **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** |
| &nbsp;&nbsp;&nbsp;Amadeus IT Group SA, Cl A | 60379 | 4803 |
| &nbsp;&nbsp;&nbsp;Industria de Diseno Textil SA | 73373 | 4064 |
|  |  | 8867 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** |
| &nbsp;&nbsp;&nbsp;Distribuidora Internacional de Alimentacion <sup>\*</sup> | 5117 | $147 |
| **Energy — 0.4%** | **Energy — 0.4%** | **Energy — 0.4%** |
| &nbsp;&nbsp;&nbsp;Repsol SA | 866856 | 15427 |
| **Financials — 1.1%** | **Financials — 1.1%** | **Financials — 1.1%** |
| &nbsp;&nbsp;&nbsp;Banco Bilbao Vizcaya Argentaria SA | 905068 | 17455 |
| &nbsp;&nbsp;&nbsp;Banco Santander SA | 941414 | 9888 |
| &nbsp;&nbsp;&nbsp;CaixaBank SA | 1006112 | 10635 |
| &nbsp;&nbsp;&nbsp;Mapfre SA | 498075 | 2366 |
|  |  | 40344 |
| **Health Care — 0.1%** | **Health Care — 0.1%** | **Health Care — 0.1%** |
| &nbsp;&nbsp;&nbsp;Faes Farma | 342047 | 1720 |
| **Industrials — 0.4%** | **Industrials — 0.4%** | **Industrials — 0.4%** |
| &nbsp;&nbsp;&nbsp;ACS Actividades de Construccion y Servicios SA | 104091 | 8351 |
| &nbsp;&nbsp;&nbsp;Aena SME | 194400 | 5319 |
|  |  | 13670 |
| **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** |
| &nbsp;&nbsp;&nbsp;Indra Sistemas SA | 49768 | 2230 |
| **Utilities — 0.1%** | **Utilities — 0.1%** | **Utilities — 0.1%** |
| &nbsp;&nbsp;&nbsp;Enagas SA | 106672 | 1668 |
| &nbsp;&nbsp;&nbsp;Iberdrola SA | 140624 | 2664 |
|  |  | 4332 |
| Total Spain |  | 88255 |
| **Sweden — 1.4%** | **Sweden — 1.4%** | **Sweden — 1.4%** |
| **Communication Services — 0.0%** | **Communication Services — 0.0%** | **Communication Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;Acast <sup>\*</sup> | 15216 | 29 |
| &nbsp;&nbsp;&nbsp;Karnov Group, Cl B <sup>\*</sup> | 2834 | 34 |
| &nbsp;&nbsp;&nbsp;Storytel, Cl B | 22063 | 191 |
| &nbsp;&nbsp;&nbsp;Tele2 AB, Cl B | 14636 | 250 |
|  |  | 504 |
| **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** |
| &nbsp;&nbsp;&nbsp;Betsson AB, Cl B | 37237 | 617 |
| &nbsp;&nbsp;&nbsp;BHG Group <sup>\*</sup> | 13103 | 38 |
| &nbsp;&nbsp;&nbsp;Clas Ohlson AB, Cl B | 45087 | 1774 |
| &nbsp;&nbsp;&nbsp;Evolution AB | 31506 | 2597 |
| &nbsp;&nbsp;&nbsp;Rugvista Group | 3234 | 27 |
|  |  | 5053 |
| **Consumer Staples — 0.1%** | **Consumer Staples — 0.1%** | **Consumer Staples — 0.1%** |
| &nbsp;&nbsp;&nbsp;AAK AB | 103746 | 2702 |
| **Financials — 0.4%** | **Financials — 0.4%** | **Financials — 0.4%** |
| &nbsp;&nbsp;&nbsp;Avanza Bank Holding | 25597 | 951 |
| &nbsp;&nbsp;&nbsp;Kinnevik <sup>\*</sup> | 199538 | 1779 |
| &nbsp;&nbsp;&nbsp;Skandinaviska Enskilda Banken AB, Cl A | 252496 | 4956 |

---

SEI Institutional International Trust 11

**SCHEDULE OF INVESTMENTS** 

September 30, 2025

**International Equity Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Swedbank AB, Cl A | 178477 | $| 5393 |
|  |  |  | 13079 |
| **Industrials — 0.5%** | **Industrials — 0.5%** | **Industrials — 0.5%** | **Industrials — 0.5%** |
| &nbsp;&nbsp;&nbsp;AQ Group AB | 8875 |  | 170 |
| &nbsp;&nbsp;&nbsp;Assa Abloy AB, Cl B | 56155 |  | 1957 |
| &nbsp;&nbsp;&nbsp;Atlas Copco AB, Cl A | 215448 |  | 3657 |
| &nbsp;&nbsp;&nbsp;Loomis AB, Cl B | 86477 |  | 3699 |
| &nbsp;&nbsp;&nbsp;NCC AB, Cl B | 80764 |  | 1859 |
| &nbsp;&nbsp;&nbsp;Peab AB, Cl B | 204275 |  | 1665 |
| &nbsp;&nbsp;&nbsp;Saab AB, Cl B | 17516 |  | 1077 |
| &nbsp;&nbsp;&nbsp;Sandvik AB | 54955 |  | 1537 |
| &nbsp;&nbsp;&nbsp;Skanska AB, Cl B | 85592 |  | 2224 |
| &nbsp;&nbsp;&nbsp;SKF AB, Cl B | 31704 |  | 789 |
| &nbsp;&nbsp;&nbsp;Svedbergs Group | 4385 |  | 26 |
|  |  |  | 18660 |
| **Information Technology — 0.2%** | **Information Technology — 0.2%** | **Information Technology — 0.2%** | **Information Technology — 0.2%** |
| &nbsp;&nbsp;&nbsp;Dynavox Group <sup>\*</sup> | 16955 |  | 206 |
| &nbsp;&nbsp;&nbsp;Hanza | 4104 |  | 44 |
| &nbsp;&nbsp;&nbsp;Mycronic | 38804 |  | 891 |
| &nbsp;&nbsp;&nbsp;Note | 960 |  | 18 |
| &nbsp;&nbsp;&nbsp;Proact IT Group | 8051 |  | 80 |
| &nbsp;&nbsp;&nbsp;Telefonaktiebolaget LM Ericsson ADR | 773481 |  | 6397 |
| &nbsp;&nbsp;&nbsp;Truecaller, Cl B | 214897 |  | 950 |
|  |  |  | 8586 |
| **Materials — 0.1%** | **Materials — 0.1%** | **Materials — 0.1%** | **Materials — 0.1%** |
| &nbsp;&nbsp;&nbsp;SSAB AB, Cl B | 565937 |  | 3303 |
| Total Sweden |  |  | 51887 |
| **Switzerland — 4.5%** | **Switzerland — 4.5%** | **Switzerland — 4.5%** | **Switzerland — 4.5%** |
| **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** | **Consumer Discretionary — 0.2%** |
| &nbsp;&nbsp;&nbsp;Autoneum Holding AG | 2786 |  | 552 |
| &nbsp;&nbsp;&nbsp;Avolta AG | 40242 |  | 2198 |
| &nbsp;&nbsp;&nbsp;Cie Financiere Richemont SA, Cl A | 588 |  | 113 |
| &nbsp;&nbsp;&nbsp;Sportradar Group, Cl A <sup>\*</sup> | 118894 |  | 3198 |
|  |  |  | 6061 |
| **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** | **Consumer Staples — 0.0%** |
| &nbsp;&nbsp;&nbsp;Chocoladefabriken Lindt & Spruengli AG | 100 |  | 1530 |
| **Financials — 1.8%** | **Financials — 1.8%** | **Financials — 1.8%** | **Financials — 1.8%** |
| &nbsp;&nbsp;&nbsp;Helvetia Holding AG | 20053 |  | 4930 |
| &nbsp;&nbsp;&nbsp;Julius Baer Group Ltd | 233135 |  | 16242 |
| &nbsp;&nbsp;&nbsp;UBS Group AG | 911065 |  | 37476 |
| &nbsp;&nbsp;&nbsp;Zurich Insurance Group AG | 9279 |  | 6636 |
|  |  |  | 65284 |
| **Health Care — 0.6%** | **Health Care — 0.6%** | **Health Care — 0.6%** | **Health Care — 0.6%** |
| &nbsp;&nbsp;&nbsp;AC Immune SA <sup>\*</sup> | 11256 |  | 32 |
| &nbsp;&nbsp;&nbsp;Galderma Group | 22114 |  | 3912 |
| &nbsp;&nbsp;&nbsp;Galenica | 30274 |  | 3297 |
| &nbsp;&nbsp;&nbsp;Idorsia <sup>\*</sup> | 3793 |  | 21 |
| &nbsp;&nbsp;&nbsp;Lonza Group AG | 1499 |  | 1003 |
| &nbsp;&nbsp;&nbsp;Sandoz Group | 215826 |  | 12879 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Sonova Holding AG | 10317 | 2831 |
|  |  | 23975 |
| **Industrials — 1.2%** | **Industrials — 1.2%** | **Industrials — 1.2%** |
| &nbsp;&nbsp;&nbsp;ABB Ltd | 159491 | 11547 |
| &nbsp;&nbsp;&nbsp;Accelleron Industries AG | 23149 | 1961 |
| &nbsp;&nbsp;&nbsp;Belimo Holding AG | 4314 | 4539 |
| &nbsp;&nbsp;&nbsp;Burckhardt Compression Holding AG | 2004 | 1562 |
| &nbsp;&nbsp;&nbsp;DKSH Holding | 20496 | 1395 |
| &nbsp;&nbsp;&nbsp;dormakaba Holding AG | 4120 | 3798 |
| &nbsp;&nbsp;&nbsp;Geberit AG | 4826 | 3646 |
| &nbsp;&nbsp;&nbsp;Implenia AG | 4796 | 405 |
| &nbsp;&nbsp;&nbsp;Kardex Holding | 5215 | 2039 |
| &nbsp;&nbsp;&nbsp;Phoenix Mecano | 51 | 29 |
| &nbsp;&nbsp;&nbsp;Schindler Holding AG | 32552 | 12385 |
| &nbsp;&nbsp;&nbsp;SGS SA | 9227 | 959 |
| &nbsp;&nbsp;&nbsp;Sulzer | 11426 | 1949 |
|  |  | 46214 |
| **Information Technology — 0.6%** | **Information Technology — 0.6%** | **Information Technology — 0.6%** |
| &nbsp;&nbsp;&nbsp;Cicor Technologies Ltd <sup>\*</sup> | 3269 | 755 |
| &nbsp;&nbsp;&nbsp;Logitech International SA | 183053 | 20146 |
|  |  | 20901 |
| **Materials — 0.1%** | **Materials — 0.1%** | **Materials — 0.1%** |
| &nbsp;&nbsp;&nbsp;EMS-Chemie Holding AG | 2081 | 1479 |
| &nbsp;&nbsp;&nbsp;Givaudan SA | 158 | 645 |
|  |  | 2124 |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| &nbsp;&nbsp;&nbsp;Investis Holding | 203 | 33 |
| Total Switzerland |  | 166122 |
| **Taiwan — 0.4%** | **Taiwan — 0.4%** | **Taiwan — 0.4%** |
| **Information Technology — 0.4%** | **Information Technology — 0.4%** | **Information Technology — 0.4%** |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co Ltd ADR | 59046 | 16491 |
| **Turkey — 0.0%** | **Turkey — 0.0%** | **Turkey — 0.0%** |
| **Materials — 0.0%** | **Materials — 0.0%** | **Materials — 0.0%** |
| &nbsp;&nbsp;&nbsp;Eldorado Gold <sup>\*</sup> | 7600 | 220 |
| **United Kingdom — 11.6%** | **United Kingdom — 11.6%** | **United Kingdom — 11.6%** |
| **Communication Services — 0.3%** | **Communication Services — 0.3%** | **Communication Services — 0.3%** |
| &nbsp;&nbsp;&nbsp;Auto Trader Group PLC | 212289 | 2257 |
| &nbsp;&nbsp;&nbsp;BT Group PLC, Cl A | 788189 | 2030 |
| &nbsp;&nbsp;&nbsp;Gaming Realms <sup>\*</sup> | 10833 | 6 |
| &nbsp;&nbsp;&nbsp;Team17 Group | 25055 | 128 |
| &nbsp;&nbsp;&nbsp;Vodafone Group PLC | 6604059 | 7688 |
|  |  | 12109 |
| **Consumer Discretionary — 1.0%** | **Consumer Discretionary — 1.0%** | **Consumer Discretionary — 1.0%** |
| &nbsp;&nbsp;&nbsp;Bellway PLC | 3794 | 126 |
| &nbsp;&nbsp;&nbsp;Berkeley Group Holdings PLC | 65493 | 3388 |
| &nbsp;&nbsp;&nbsp;Carnival PLC ADR <sup>\*</sup> | 69424 | 1836 |
| &nbsp;&nbsp;&nbsp;Compass Group PLC | 141133 | 4815 |

---

12 SEI Institutional International Trust

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Games Workshop Group PLC | 9056 | $| 1777 |
| &nbsp;&nbsp;&nbsp;Inchcape PLC | 183798 |  | 1714 |
| &nbsp;&nbsp;&nbsp;InterContinental Hotels Group PLC | 16069 |  | 1945 |
| &nbsp;&nbsp;&nbsp;Kingfisher PLC | 1136212 |  | 4738 |
| &nbsp;&nbsp;&nbsp;Next PLC | 81663 |  | 13627 |
| &nbsp;&nbsp;&nbsp;Playtech Plc | 310504 |  | 1542 |
| &nbsp;&nbsp;&nbsp;WH Smith PLC | 25152 |  | 230 |
|  |  |  | 35738 |
| **Consumer Staples — 2.6%** | **Consumer Staples — 2.6%** | **Consumer Staples — 2.6%** | **Consumer Staples — 2.6%** |
| &nbsp;&nbsp;&nbsp;Associated British Foods PLC | 62797 |  | 1737 |
| &nbsp;&nbsp;&nbsp;Coca-Cola Europacific Partners PLC | 18220 |  | 1647 |
| &nbsp;&nbsp;&nbsp;Cranswick PLC | 27610 |  | 1868 |
| &nbsp;&nbsp;&nbsp;Imperial Brands PLC | 65864 |  | 2801 |
| &nbsp;&nbsp;&nbsp;J Sainsbury PLC | 6212677 |  | 27962 |
| &nbsp;&nbsp;&nbsp;Marks & Spencer Group PLC | 2223487 |  | 10920 |
| &nbsp;&nbsp;&nbsp;Premier Foods PLC | 580555 |  | 1499 |
| &nbsp;&nbsp;&nbsp;Reckitt Benckiser Group PLC | 299655 |  | 23097 |
| &nbsp;&nbsp;&nbsp;Tesco PLC | 3369429 |  | 20215 |
| &nbsp;&nbsp;&nbsp;Unilever PLC | 93306 |  | 5521 |
|  |  |  | 97267 |
| **Energy — 0.1%** | **Energy — 0.1%** | **Energy — 0.1%** | **Energy — 0.1%** |
| &nbsp;&nbsp;&nbsp;BP PLC ADR | 77868 |  | 2683 |
| &nbsp;&nbsp;&nbsp;Petronor E&P ASA | 25623 |  | 26 |
|  |  |  | 2709 |
| **Financials — 4.0%** | **Financials — 4.0%** | **Financials — 4.0%** | **Financials — 4.0%** |
| &nbsp;&nbsp;&nbsp;3i Group PLC | 152767 |  | 8429 |
| &nbsp;&nbsp;&nbsp;AJ Bell PLC | 240066 |  | 1765 |
| &nbsp;&nbsp;&nbsp;Aviva PLC | 1570 |  | 15 |
| &nbsp;&nbsp;&nbsp;Barclays PLC | 6331287 |  | 32609 |
| &nbsp;&nbsp;&nbsp;Barclays PLC ADR | 472235 |  | 9761 |
| &nbsp;&nbsp;&nbsp;HSBC Holdings PLC | 2877631 |  | 40653 |
| &nbsp;&nbsp;&nbsp;Investec PLC | 974660 |  | 7262 |
| &nbsp;&nbsp;&nbsp;Lancashire Holdings Ltd | 173385 |  | 1578 |
| &nbsp;&nbsp;&nbsp;Lloyds Banking Group PLC | 34643 |  | 39 |
| &nbsp;&nbsp;&nbsp;Man Group PLC/Jersey | 841512 |  | 2024 |
| &nbsp;&nbsp;&nbsp;NatWest Group PLC | 1829551 |  | 12936 |
| &nbsp;&nbsp;&nbsp;Ninety One PLC | 192875 |  | 525 |
| &nbsp;&nbsp;&nbsp;OSB Group PLC | 277156 |  | 2122 |
| &nbsp;&nbsp;&nbsp;Paragon Banking Group PLC | 146454 |  | 1710 |
| &nbsp;&nbsp;&nbsp;Quilter PLC | 14984 |  | 34 |
| &nbsp;&nbsp;&nbsp;Schroders PLC | 342447 |  | 1740 |
| &nbsp;&nbsp;&nbsp;Standard Chartered PLC | 1239193 |  | 24074 |
|  |  |  | 147276 |
| **Health Care — 0.6%** | **Health Care — 0.6%** | **Health Care — 0.6%** | **Health Care — 0.6%** |
| &nbsp;&nbsp;&nbsp;AstraZeneca PLC ADR | 76743 |  | 5888 |
| &nbsp;&nbsp;&nbsp;AstraZeneca PLC | 88356 |  | 13550 |
| &nbsp;&nbsp;&nbsp;GSK PLC ADR | 76313 |  | 3294 |
| &nbsp;&nbsp;&nbsp;Hikma Pharmaceuticals PLC | 674 |  | 15 |
|  |  |  | 22747 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Industrials — 2.3%** | **Industrials — 2.3%** | **Industrials — 2.3%** |
| &nbsp;&nbsp;&nbsp;Babcock International Group | 114242 | $2057 |
| &nbsp;&nbsp;&nbsp;BAE Systems PLC | 483145 | 13463 |
| &nbsp;&nbsp;&nbsp;Balfour Beatty PLC | 557758 | 4875 |
| &nbsp;&nbsp;&nbsp;CK Hutchison Holdings Ltd | 1151915 | 7570 |
| &nbsp;&nbsp;&nbsp;easyJet PLC | 205280 | 1285 |
| &nbsp;&nbsp;&nbsp;Firstgroup PLC | 210276 | 639 |
| &nbsp;&nbsp;&nbsp;Grafton Group | 133245 | 1641 |
| &nbsp;&nbsp;&nbsp;Howden Joinery Group PLC | 144694 | 1648 |
| &nbsp;&nbsp;&nbsp;IMI PLC | 62594 | 1935 |
| &nbsp;&nbsp;&nbsp;International Consolidated Airlines Group SA | 1126285 | 5899 |
| &nbsp;&nbsp;&nbsp;JET2 PLC | 74795 | 1429 |
| &nbsp;&nbsp;&nbsp;Morgan Sindall Group PLC | 48232 | 2883 |
| &nbsp;&nbsp;&nbsp;RELX PLC | 114358 | 5475 |
| &nbsp;&nbsp;&nbsp;Rolls-Royce Holdings PLC | 1498991 | 24119 |
| &nbsp;&nbsp;&nbsp;Rotork PLC | 337050 | 1543 |
| &nbsp;&nbsp;&nbsp;Travis Perkins PLC | 678178 | 5587 |
| &nbsp;&nbsp;&nbsp;Weir Group PLC/The | 55224 | 2039 |
|  |  | 84087 |
| **Information Technology — 0.4%** | **Information Technology — 0.4%** | **Information Technology — 0.4%** |
| &nbsp;&nbsp;&nbsp;Computacenter PLC | 52535 | 1905 |
| &nbsp;&nbsp;&nbsp;dotdigital group | 25376 | 23 |
| &nbsp;&nbsp;&nbsp;Halma PLC | 182877 | 8522 |
| &nbsp;&nbsp;&nbsp;Sage Group PLC/The | 205279 | 3048 |
| &nbsp;&nbsp;&nbsp;Softcat PLC | 66700 | 1420 |
|  |  | 14918 |
| **Materials — 0.0%** | **Materials — 0.0%** | **Materials — 0.0%** |
| &nbsp;&nbsp;&nbsp;Hill & Smith | 60089 | 1664 |
| **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** |
| &nbsp;&nbsp;&nbsp;Land Securities Group PLC <sup>‡</sup> | 191587 | 1504 |
| &nbsp;&nbsp;&nbsp;Safestore Holdings <sup>‡</sup> | 208327 | 1850 |
|  |  | 3354 |
| **Utilities — 0.2%** | **Utilities — 0.2%** | **Utilities — 0.2%** |
| &nbsp;&nbsp;&nbsp;Centrica PLC | 1384387 | 3112 |
| &nbsp;&nbsp;&nbsp;Drax Group | 246737 | 2329 |
| &nbsp;&nbsp;&nbsp;National Grid PLC | 74020 | 1065 |
|  |  | 6506 |
| Total United Kingdom |  | 428375 |
| **United States — 7.4%** | **United States — 7.4%** | **United States — 7.4%** |
| **Communication Services — 0.5%** | **Communication Services — 0.5%** | **Communication Services — 0.5%** |
| &nbsp;&nbsp;&nbsp;Spotify Technology SA <sup>\*</sup> | 28320 | 19767 |
| **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** |
| &nbsp;&nbsp;&nbsp;Stellantis NV | 49419 | 459 |
| **Consumer Staples — 0.5%** | **Consumer Staples — 0.5%** | **Consumer Staples — 0.5%** |
| &nbsp;&nbsp;&nbsp;Nestle SA | 80091 | 7359 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 60914 | 9880 |
|  |  | 17239 |

---

SEI Institutional International Trust 13

**SCHEDULE OF INVESTMENTS** 

September 30, 2025

**International Equity Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **Energy — 0.7%** | **Energy — 0.7%** | **Energy — 0.7%** |
| &nbsp;&nbsp;&nbsp;Shell PLC | 648154 | $23223 |
| &nbsp;&nbsp;&nbsp;Tenaris SA | 136090 | 2440 |
|  |  | 25663 |
| **Financials — 0.5%** | **Financials — 0.5%** | **Financials — 0.5%** |
| &nbsp;&nbsp;&nbsp;Aon PLC, Cl A | 10420 | 3715 |
| &nbsp;&nbsp;&nbsp;Arch Capital Group Ltd | 67330 | 6109 |
| &nbsp;&nbsp;&nbsp;Swiss Re AG | 42216 | 7845 |
|  |  | 17669 |
| **Health Care — 4.5%** | **Health Care — 4.5%** | **Health Care — 4.5%** |
| &nbsp;&nbsp;&nbsp;GSK PLC | 1506705 | 32385 |
| &nbsp;&nbsp;&nbsp;Inmode Ltd <sup>\*</sup> | 73463 | 1095 |
| &nbsp;&nbsp;&nbsp;Medtronic PLC | 119136 | 11347 |
| &nbsp;&nbsp;&nbsp;Novartis AG | 432347 | 55618 |
| &nbsp;&nbsp;&nbsp;Roche Holding AG | 142276 | 47399 |
| &nbsp;&nbsp;&nbsp;Sanofi SA | 162667 | 15416 |
| &nbsp;&nbsp;&nbsp;STERIS PLC | 6423 | 1589 |
|  |  | 164849 |
| **Industrials — 0.2%** | **Industrials — 0.2%** | **Industrials — 0.2%** |
| &nbsp;&nbsp;&nbsp;Experian PLC | 86083 | 4328 |
| &nbsp;&nbsp;&nbsp;Signify NV | 67364 | 1773 |
| &nbsp;&nbsp;&nbsp;Waste Connections Inc | 21088 | 3708 |
|  |  | 9809 |
| **Information Technology — 0.3%** | **Information Technology — 0.3%** | **Information Technology — 0.3%** |
| &nbsp;&nbsp;&nbsp;Monday.com Ltd <sup>\*</sup> | 23329 | 4518 |
| &nbsp;&nbsp;&nbsp;Seagate Technology Holdings | 26827 | 6333 |
|  |  | 10851 |
| **Materials — 0.2%** | **Materials — 0.2%** | **Materials — 0.2%** |
| &nbsp;&nbsp;&nbsp;Acerinox SA | 141749 | 1863 |
| &nbsp;&nbsp;&nbsp;Amrize Ltd <sup><sup>\*</sup></sup> | 3245 | 159 |
| &nbsp;&nbsp;&nbsp;Holcim AG | 8525 | 728 |
| &nbsp;&nbsp;&nbsp;Linde PLC | 10303 | 4894 |
|  |  | 7644 |
| Total United States |  | 273950 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,665,495) ($ Thousands) |  | 3456534 |

---

---

| | | |
|:---|:---|:---|
|  | Face Amount <br> (Thousands) | |
| **U.S. TREASURY OBLIGATION — 2.4%** | **U.S. TREASURY OBLIGATION — 2.4%** | **U.S. TREASURY OBLIGATION — 2.4%** |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bill | &nbsp;&nbsp;&nbsp;U.S. Treasury Bill | &nbsp;&nbsp;&nbsp;U.S. Treasury Bill |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.948%, 02/26/2026 (A) | $89475 | 88100 |
| Total U.S. Treasury Obligation |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $88,051) ($ Thousands) |  | 88100 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br> ($ Thousands) |
| **PREFERRED STOCK — 0.3%** | **PREFERRED STOCK — 0.3%** | **PREFERRED STOCK — 0.3%** |
| **Germany — 0.3%** | **Germany — 0.3%** | **Germany — 0.3%** |
| **Consumer Discretionary — 0.3%** | **Consumer Discretionary — 0.3%** | **Consumer Discretionary — 0.3%** |
| &nbsp;&nbsp;&nbsp;Bayerische Motoren Werke AG (B) | 30301 | $2824 |
| &nbsp;&nbsp;&nbsp;Volkswagen AG, 7.200% | 73958 | 8023 |
|  |  | 10847 |
| **Industrials — 0.0%** | **Industrials — 0.0%** | **Industrials — 0.0%** |
| &nbsp;&nbsp;&nbsp;Jungheinrich AG (B) | 15978 | 558 |
| &nbsp;&nbsp;&nbsp;KSB & KGaA(B) | 26 | 26 |
|  |  | 584 |
| Total Preferred Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $9,995) ($ Thousands) |  | 11431 |

---

---

| | | |
|:---|:---|:---|
|  | Number of Rights | |
| **RIGHTS — 0.0%** | **RIGHTS — 0.0%** | **RIGHTS — 0.0%** |
| **Singapore — 0.0%** | **Singapore — 0.0%** | **Singapore — 0.0%** |
| &nbsp;&nbsp;&nbsp;Keppel DC REIT, Expires 10/13/2025 <sup>\*</sup>(C) | 71808 | 8 |
| Total Rights |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $—) ($ Thousands) |  | 8 |

---

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **CASH EQUIVALENT — 1.0%** | **CASH EQUIVALENT — 1.0%** | **CASH EQUIVALENT — 1.0%** |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust, Government Fund, Institutional Class | &nbsp;&nbsp;&nbsp;SEI Daily Income Trust, Government Fund, Institutional Class | &nbsp;&nbsp;&nbsp;SEI Daily Income Trust, Government Fund, Institutional Class |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.040%<sup><sup>\*</sup><sup>\*</sup>†</sup> | 37535774 | 37536 |
| Total Cash Equivalent |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $37,536) ($ Thousands) |  | 37536 |
| Total Investments in Securities — 97.5% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,801,077) ($ Thousands) |  | $3593609 |

---

14 SEI Institutional International Trust

A list of the open futures contracts held by the Fund at September 30, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type of Contract** | **Number of<br> Contracts** | **Expiration<br> Date** | **Notional Amount<br> (Thousands)** | **Value<br> (Thousands)** | **Unrealized Appreciation<br> (Depreciation)(Thousands)** |
| Long Contracts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Euro STOXX 50 | 230 | Dec-2025 | $14753 | $14975 | $348 |
| &nbsp;&nbsp;&nbsp;FTSE 100 Index | 73 | Dec-2025 | 9238 | 9246 | 139 |
| &nbsp;&nbsp;&nbsp;Hang Seng Index | 6 | Oct-2025 | 1022 | 1038 | 16 |
| &nbsp;&nbsp;&nbsp;SPI 200 Index | 32 | Dec-2025 | 4744 | 4704 | (7) |
| &nbsp;&nbsp;&nbsp;TOPIX Index | 47 | Dec-2025 | 9889 | 9996 | 125 |
|  |  |  | $39646 | $39959 | $621 |

---

A list of the open OTC Swap agreement held by the Fund at September 30, 2025, is as follows:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** | **Total Return Swap** |
| **Counterparty** | **Reference Entity/<br> Obligation** | **Fund Pays** | **Fund Receives** | **Payment<br> Frequency** | **Termination<br> Date** | **Currency** | **Notional**<br> **Amount**<br> **(Thousands)** | **Value**<br> **(Thousands)** | **Upfront**<br> **Payments/**<br> **Receipts**<br> **(Thousands)** | **Net Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br> **(Thousands)** |
| Bank of America | Custom Basket of International Equity Securities | Federal Funds Effective Rate (Daily) + custom spread | Asset Returns | Annually | 12/15/2029 | USD |  | $(1956) | $– | $(1956) |

---

The following table represents the top 50 individual stock exposures comprising the Custom Basket Total Return Swap as of September 30, 2025:

United States Custom Basket of Long Securities

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | **Description** | **Notional Amount<br> (Thousands)** | **Value (Thousands)** | **Percentage of Basket** |
| 204191 | BNP PARIBAS SA ACT | $19017 | $(3) | 17.2% |
| 1361910 | CAIXABANK S.A. SHS | 14001 | 268 | 12.7 |
| 1750130 | NATWEST GROUP PLC REGISTERED SHS | 12486 | (19) | 11.3 |
| 170031 | SOCIETE GENERALE SA ACT | 11486 | (264) | 10.4 |
| 584575 | BANCO BILBAO VIZCAYA ARGENTARIA SA REGISTERED SHS | 11113 | 73 | 10.1 |
| 500115 | STANDARD CHARTERED PLC REGISTERED SHS | 9652 | (4) | 8.8 |
| 911876 | BANCO SANTANDER SA REGISTERED SHS | 9134 | 343 | 8.3 |
| 52943 | IPSEN ACT | 7426 | (384) | 6.7 |
| 323808 | SANKYO CO. LTD. | 6561 | (1048) | 6.0 |
| 222500 | SONY GROUP CORP. | 6440 | (28) | 5.8 |
| 206607 | FRESNILLO PLC REGISTERED SHS | 6152 | 394 | 5.6 |
| 1163048 | INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA REGIS | 6029 | (28) | 5.5 |
| 232564 | FUJITSU LTD. | 5933 | (446) | 5.4 |
| 136211 | BIPROGY INC. | 5850 | (252) | 5.3 |
| 111553 | EXPERIAN PLC REGISTERED SHS | 5796 | (268) | 5.3 |
| 204600 | SUMITOMO MITSUI FINANCIAL GROUP INC. | 5648 | 201 | 5.1 |
| 178615 | NEC CORP. | 5525 | 214 | 5.0 |
| 811260 | BAVARIAN NORDIC A/S | 5207 | 127 | 4.7 |
| 92108 | RECRUIT HOLDINGS CO. LTD. | 5200 | (246) | 4.7 |
| 32121 | EURONEXT NV BEARER AND REGISTERED SHS | 5184 | (392) | 4.7 |
| 15235 | DASSAULT AVIATION SA ACT | 5057 | 22 | 4.6 |
| 316700 | MITSUBISHI UFJ FINANCIAL GROUP INC. | 4887 | 297 | 4.4 |
| 504266 | MAZDA MOTOR CORP. | 3840 | (87) | 3.5 |
| 69512 | TREND MICRO INC. | 3826 | (28) | 3.5 |
| 25943 | TOKYO ELECTRON LTD. | 3753 | 989 | 3.4 |
| 252172 | SAGE GROUP PLC REGISTERED SHS | 3691 | 30 | 3.3 |
| 160862 | IVECO GROUP N.V. REGISTERED SHS | 3451 | 7 | 3.1 |
| 248761 | VALEO SE ACT | 3091 | 7 | 2.8 |
| 202589 | RICHTECH ROBOT | 3086 | 157 | 2.8 |
| 34596 | ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA BE | 2802 | (47) | 2.5 |

---

SEI Institutional International Trust 15

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**International Equity Fund** (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | **Description** | **Notional Amount<br> (Thousands)** | **Value (Thousands)** | **Percentage of Basket** |
| 63600 | TOKIO MARINE HOLDINGS INC. | $2783 | $(52) | 2.5% |
| 55649 | TECHNIP ENERGIES N.V. BEARER AND REGISTERED SHS | 2715 | (103) | 2.5 |
| 321180 | DAI | 2664 | (91) | 2.4 |
| 135300 | TOYOTA MOTOR CORP | 2652 | (13) | 2.4 |
| 65350 | CANON MARKETING JAPAN INC. | 2598 | 42 | 2.4 |
| 1201127 | CENTRICA PLC REGISTERED SHS | 2557 | 145 | 2.3 |
| 95827 | TECNICAS REUNIDAS SA BEARER SHS | 2544 | 430 | 2.3 |
| 56504 | PLUS500 LTD REGISTERED SHS | 2389 | 111 | 2.2 |
| 62190 | TIS INC. | 2164 | (101) | 2 |
| 214741 | RIGHTMOVE PLC REGISTERED SHS | 2114 | (67) | 1.9 |
| 178161 | SUMITOMO PHARMA CO. LTD. | 2035 | 22 | 1.8 |
| 5973 | SOUTH AMERICAN GOLD CORP | 2003 | 97 | 1.8 |
| 25390 | TEMENOS AG NAMEN | 2000 | 43 | 1.8 |
| 55877 | EISAI CO. LTD. | 1957 | (55) | 1.8 |
| 56785 | JAPAN POST INSURANCE CO. LTD. | 1634 | (6) | 1.5 |
| 19321 | SCREEN HOLDINGS CO. LTD. | 1625 | 144 | 1.5 |
| 172694 | RICOH CO. LTD. | 1602 | (59) | 1.5 |
| 12800 | SOFTBANK GROUP CORP. | 1549 | 67 | 1.4 |
| 19800 | SHIBAURA MECHATRONICS CORP. | 1533 | 214 | 1.4 |
| 85940 | MIZUNO CORP. | 1496 | 76 | 1.4 |
| 114540 | SUPER GROUP (SGHC) LIMITED REGISTERED SHS | 1457 | 56 | 1.3 |
| 6523 | VZ HOLDING AG NAMEN | 1452 | (92) | 1.3 |
| 105595 | FORVIA ACT | 1411 | 0 | 1.3 |
| 57000 | CYBOZU INC. | 1410 | (99) | 1.3 |
| 2083 | SWISSQUOTE G | 1370 | 80 | 1.2 |
| 45800 | YOKOGAWA ELECTRIC CORP | 1355 | (32) | 1.2 |
| 59292 | MIXI INC. | 1336 | (43) | 1.2 |
| 14249 | ACCELLERON INDUSTRIES AG NAMEN | 1274 | (79) | 1.2 |
| 44422 | CAPCOM CO. LTD. | 1212 | (7) | 1.1 |
| 184976 | KOKUYO CO. LTD. | 1178 | (78) | 1.1 |
| 66708 | TECHNOGYM S.P.A. REGISTERED SHS | 1159 | (31) | 1.1 |
| 53633 | OTSUKA CORP. | 1150 | (32) | 1 |
| 75459 | BANKINTER SA | 1146 | 40 | 1 |
| 110399 | JAPAN POST HOLDINGS CO. LTD. | 1144 | (32) | 1 |
| 36000 | SOMPO HOLDINGS INC. | 1141 | (13) | 1 |
| 10895 | PHARMA MAR SA BEARER SHS | 1104 | 53 | 1 |
| 34335 | SANWA HOLDINGS CORP. | 1097 | (120) | 1 |

---

United States Custom Basket of Short Securities

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | **Description** | **Notional Amount**<br> **(Thousands)** | **Value (Thousands)** | **Percentage of Basket** |
| (127023) | SALMAR ASA REGISTERED SHS | $(7051) | $284 | (6.4)% |
| (4555) | BARRY CALLEBAUT AG NAMEN | (6707) | 478 | (6.1) |
| (112305) | DR. ING. H.C. F. PORSCHE AKTIENGESELLSCHAFT VORZ | (5691) | 260 | (5.2) |
| (2193800) | DENISON MINES CORP REGISTERED SHS | (5227) | (887) | (4.7) |
| (76217) | NOVONESIS (NOVOZYMES) | (4681) | 24 | (4.2) |
| (386014) | EDP RENOVAVEIS SA BEARER SHS | (4520) | (587) | (4.1) |
| (454256) | NOKIAN TYRES PLC REGISTERED SHS | (4233) | 137 | (3.8) |
| (48248) | REDCARE PHARMACY N.V. BEARER SHS | (4136) | (28) | (3.8) |
| (172281) | FB FINANCIAL CORP | (3720) | 3 | (3.4) |
| (284981) | INPOST S.A. BEARER AND REGISTERED SHS | (3578) | 86 | (3.2) |
| (194610) | CVC CAPITAL PARTNERS PLC | (3497) | 70 | (3.2) |
| (125457) | STEVANATO GROUP S.P.A. AZ NOMINATIVA | (3315) | 90 | (3.0) |
| (299622) | STORA ENSO OYJ REGISTERED SHS | (3281) | (13) | (3.0) |
| (30384) | IMCD NV | (3218) | 84 | (2.9) |
| (77900) | MONEY FORWARD INC. | (3213) | 66 | (2.9) |
| (57642) | REMY COINTREAU SA ACT | (3160) | (3) | (2.9) |
| (51667) | BRENMILLER ENERGY LTD SHS | (3073) | 0 | (2.8) |
| (93226) | BASIC | (2775) | (57) | (2.5) |
| (55204) | GERRESHEIMER AG INHABER | (2730) | 448 | (2.5) |
| (56157) | BAKKAFROST P/F | (2632) | 64 | (2.4) |
| (352005) | YELLOW CAKE PLC REGISTERED SHS | (2491) | (230) | (2.3) |

---

16 SEI Institutional International Trust

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | **Description** | **Notional Amount<br> (Thousands)** | **Value (Thousands)** | **Percentage of Basket** |
| (1094715) | HEXATRONIC GROUP AB REGISTERED SHS | $(2474) | $251 | (2.2)% |
| (101000) | FUJI OIL CO. LTD. | (2460) | (3) | (2.2) |
| (8729) | KERING SA ACT | (2448) | (585) | (2.2) |
| (365397) | DAVIDE CAMPARI | (2426) | 192 | (2.2) |
| (316566) | INFRATIL LTD REGISTERED SHS | (2356) | 89 | (2.1) |
| (104868) | SAGALIAM ACQUISITION CORP COM CL A | (2263) | 81 | (2.1) |
| (114747) | AMERIPRISE FINANCIAL INC | (2066) | 204 | (1.9) |
| (68900) | JMDC INC. | (2065) | (17) | (1.9) |
| (490258) | ENERGIX | (2052) | (62) | (1.9) |
| (410552) | ASHTEAD TECHNOLOGY HOLDINGS PLC REGISTERED SHS | (2013) | 101 | (1.8) |
| (1185833) | HEXAGON COMPOSITES ASA REGISTERED SHS | (1947) | 658 | (1.8) |
| (80793) | PUMA SE INHABER | (1800) | (255) | (1.6) |
| (429164) | OCADO GROUP PLC REGISTERED SHS | (1746) | 481 | (1.6) |
| (1869210) | AUTOSTORE HOLDINGS LTD REGISTERED SHS REG S | (1714) | 3 | (1.6) |
| (220793) | DOCMORRIS AG NAMEN | (1687) | 58 | (1.5) |
| (616333) | DOMINO'S PIZZA GROUP PLC REGISTERED SHS | (1676) | 28 | (1.5) |
| (101400) | YAHAGI CONSTRUCTION CO. LTD. | (1569) | 5 | (1.4) |
| (18100) | SHOCHIKU CO. LTD. | (1544) | 41 | (1.4) |
| (26500) | SWCC CORP. | (1538) | 136 | (1.4) |
| (29600) | RAKUTEN BANK LTD. | (1526) | (125) | (1.4) |
| (27894) | ERAMET SA ACT | (1514) | (329) | (1.4) |
| (527083) | AMERICAS GOLD AND SILVER CORPORATION REGISTERED SH | (1506) | (457) | (1.4) |
| (67000) | NOMURA MICRO SCI | (1485) | (16) | (1.3) |
| (122799) | ENERGY FUELS INC REGISTERED SHS | (1465) | (418) | (1.3) |
| (121900) | OSAKA SODA CO. LTD. | (1458) | 94 | (1.3) |
| (69994) | ASHTROM GROUP LTD REGISTERED SHS | (1422) | (52) | (1.3) |
| (182497) | SHAPIR ENGINEERING AND INDUSTRY LTD REGISTERED SHS | (1420) | (73) | (1.3) |
| (380151) | IDP EDUCATION LTD REGISTERED SHS | (1336) | (355) | (1.2) |
| (10244) | AEROPORTS DE PARIS ADP ACT | (1322) | (28) | (1.2) |
| (54200) | MUSASHI SEIMITSU INDUSTRY CO. LTD. | (1311) | 38 | (1.2) |
| (4608) | HALLADOR ENERGY CO | (1311) | (75) | (1.2) |
| (18281) | SEB SA | (1309) | (29) | (1.2) |
| (20500) | ZENSHO HOLDINGS CO LTD | (1271) | (72) | (1.2) |
| (487809) | IPH LTD | (1268) | 118 | (1.2) |
| (283672) | IPERIONX LIMITED REGISTERED SHS | (1223) | (239) | (1.1) |
| (37309) | ORSTED REGISTERED SHS | (1187) | 622 | (1.1) |
| (64500) | SOTETSU HOLDINGS INC. | (1140) | (33) | (1.0) |
| (52800) | NAMURA SHIPBUILD. CO. LTD. | (1136) | (97) | (1.0) |
| (212128) | ELDORADO GOLD CORP | (1087) | 44 | (1.0) |
| (196652) | SESA S.P.A. AZ NOM | (1077) | (156) | (1.0) |
| (466417) | OXFORD NANOPORE TECHNOLOGIES PLC REGISTERED SHS | (1075) | 121 | (1.0) |
| (56785) | XVIVO PERFUSION AB REGISTERED SHS | (1069) | 26 | (1.0) |
| (87000) | WEST HOLDINGS CORP. | (1062) | (109) | (1.0) |

---

Percentages are based on Net Assets of $3,685,607 ($ Thousands).

<sup>\*</sup> Non-income producing security.

<sup>\*\*</sup> The rate reported is the 7-day effective yield as of September 30, 2025.

<sup>†</sup> Investment in Affiliated Security (see Note 5).

<sup>‡</sup> Real Estate Investment Trust.

&nbsp;&nbsp;&nbsp;&nbsp;(A) Interest rate represents the security's effective yield at the time of purchase.

&nbsp;&nbsp;&nbsp;&nbsp;(B) No interest rate available.

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

SEI Institutional International Trust 17

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**International Equity Fund** (Concluded)

The following is a summary of the level of inputs used as of September 30, 2025, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Level 1<br> ($)** | **Level 2<br> ($)** | **Level 3<br> ($)** | **Total<br> ($)** |
| &nbsp;&nbsp;&nbsp;Common Stock | 323665 | 3132869 |  | 3456534 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Obligation |  | 88100 |  | 88100 |
| &nbsp;&nbsp;&nbsp;Preferred Stock |  | 11431 |  | 11431 |
| &nbsp;&nbsp;&nbsp;Rights |  |  | 8 | 8 |
| &nbsp;&nbsp;&nbsp;Cash Equivalent | 37536 | – | – | 37536 |
| Total Investments in Securities | 361201 | 3232400 | 8 | 3593609 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1<br> ($)** | **Level 2<br> ($)** | **Level 3<br> ($)** | **Total<br> ($)** |
| &nbsp;&nbsp;&nbsp;Futures Contracts\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation | 628 |  |  | 628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation | (7) |  |  | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OTC Swap |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Return Swap\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation | – | (1956) |  | (1956) |
| Total Other Financial Instruments | 621 | (1956) |  | (1335) |

---

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

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

The following is a summary of the Fund's transactions with affiliates for the year ended September 30, 2025 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Value<br> 9/30/2024** | **Purchases<br> at Cost** | **Proceeds<br> from Sales** | **Realized Gain<br> (Loss)** | **Change in<br> Unrealized<br> Appreciation<br> (Depreciation)** | **Value<br> 9/30/2025** | **Income** | **Capital Gains** |
| SEI Daily Income Trust, Government Fund, Institutional Class | $61716 | $671304 | $(695484) | $— | $— | $37536 | $1642 | $— |

---

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.

18 SEI Institutional International Trust

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Equity Fund**

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK — 95.5%** |  |  |
| **Brazil — 5.2%** |  |  |
| **Communication Services — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Telefonica Brasil SA | 699300 | $4466 |
| &nbsp;&nbsp;&nbsp;TIM SA/Brazil | 1437700 | 6339 |
|  |  | 10805 |
| **Consumer Discretionary — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Cyrela Brazil Realty SA Empreendimentos e Participacoes | 499900 | 2882 |
| &nbsp;&nbsp;&nbsp;Direcional Engenharia | 117000 | 356 |
| &nbsp;&nbsp;&nbsp;Lojas Renner SA | 917979 | 2582 |
| &nbsp;&nbsp;&nbsp;MercadoLibre Inc \* | 715 | 1671 |
| &nbsp;&nbsp;&nbsp;Vibra Energia SA | 1402888 | 6491 |
|  |  | 13982 |
| **Consumer Staples — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Natura Cosmeticos SA \* | 3338500 | 5868 |
| &nbsp;&nbsp;&nbsp;Raia Drogasil SA | 1779900 | 6136 |
| &nbsp;&nbsp;&nbsp;Sendas Distribuidora S/A | 821800 | 1458 |
|  |  | 13462 |
| **Energy — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Petroleo Brasileiro SA | 59112 | 373 |
| &nbsp;&nbsp;&nbsp;Petroleo Brasileiro SA ADR, Cl A | 523830 | 6192 |
|  |  | 6565 |
| **Financials — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco Bradesco SA ADR | 1345246 | 4547 |
| &nbsp;&nbsp;&nbsp;Banco BTG Pactual SA | 97100 | 881 |
| &nbsp;&nbsp;&nbsp;Itau Unibanco Holding SA ADR | 1622777 | 11911 |
| &nbsp;&nbsp;&nbsp;Porto Seguro SA | 54728 | 511 |
| &nbsp;&nbsp;&nbsp;StoneCo Ltd, Cl A \* | 128642 | 2432 |
|  |  | 20282 |
| **Health Care — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Odontoprev | 90800 | 225 |
| **Industrials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Embraer SA ADR | 38259 | 2313 |
| &nbsp;&nbsp;&nbsp;WEG SA | 334600 | 2292 |
|  |  | 4605 |
| **Information Technology — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;TOTVS SA | 373400 | 3201 |
| **Materials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Vale SA | 383365 | 4145 |
| **Utilities — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Cia de Saneamento Basico do Estado de Sao Paulo | 81662 | 2026 |
| &nbsp;&nbsp;&nbsp;CPFL Energia SA | 540395 | 3983 |
|  |  | 6009 |
| Total Brazil |  | 83281 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| **Canada — 0.3%** |  |  |
| **Materials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Capstone Copper Corp \* | 243960 | $2073 |
| &nbsp;&nbsp;&nbsp;Pan American Silver Corp | 82015 | 3176 |
|  |  | 5249 |
| Total Canada |  | 5249 |
| **Chile — 0.9%** |  |  |
| **Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Falabella SA | 284969 | 1689 |
| **Consumer Staples — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Cencosud SA | 65000 | 185 |
| **Financials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco de Chile | 41484612 | 6298 |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Sociedad Quimica y Minera de Chile SA ADR \* | 27724 | 1192 |
| **Real Estate — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Parque Arauco | 233300 | 591 |
| **Utilities — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Colbun SA | 10787214 | 1705 |
| &nbsp;&nbsp;&nbsp;Enel Americas | 12162300 | 1227 |
| &nbsp;&nbsp;&nbsp;Enel Chile SA | 14838900 | 1148 |
| &nbsp;&nbsp;&nbsp;Engie Energia Chile | 643040 | 930 |
|  |  | 5010 |
| Total Chile |  | 14965 |
| **China — 26.7%** |  |  |
| **Communication Services — 6.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Baidu Inc ADR \* | 58670 | 7731 |
| &nbsp;&nbsp;&nbsp;Giant Network Group, Cl A | 40100 | 255 |
| &nbsp;&nbsp;&nbsp;Hello Group Inc ADR | 202446 | 1502 |
| &nbsp;&nbsp;&nbsp;iQIYI Inc ADR \* | 189461 | 485 |
| &nbsp;&nbsp;&nbsp;JOYY Inc ADR | 28065 | 1645 |
| &nbsp;&nbsp;&nbsp;NetEase Inc | 611868 | 18588 |
| &nbsp;&nbsp;&nbsp;Tencent Holdings Ltd | 787700 | 67133 |
| &nbsp;&nbsp;&nbsp;Tencent Music Entertainment Group ADR | 68900 | 1608 |
| &nbsp;&nbsp;&nbsp;Xinhua Winshare Publishing and Media, Cl H | 108200 | 149 |
|  |  | 99096 |
| **Consumer Discretionary — 8.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Group Holding Ltd | 3001500 | 67139 |
| &nbsp;&nbsp;&nbsp;BAIC Motor Corp Ltd, Cl H \* | 1190792 | 325 |
| &nbsp;&nbsp;&nbsp;Bosideng International Holdings Ltd | 1139946 | 680 |
| &nbsp;&nbsp;&nbsp;BYD Co Ltd, Cl H | 125311 | 1772 |
| &nbsp;&nbsp;&nbsp;China Meidong Auto Holdings Ltd | 7076000 | 1828 |
| &nbsp;&nbsp;&nbsp;Ecovacs Robotics, Cl A | 171600 | 2598 |
| &nbsp;&nbsp;&nbsp;Fuyao Glass Industry Group Co Ltd, Cl A | 71300 | 736 |

---

SEI Institutional International Trust 19

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Equity Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Fuyao Glass Industry Group Co Ltd, Cl H | 145500 | $1466 |
| &nbsp;&nbsp;&nbsp;Geely Automobile Holdings Ltd | 2174302 | 5463 |
| &nbsp;&nbsp;&nbsp;Haier Smart Home Co Ltd, Cl A | 2470200 | 8015 |
| &nbsp;&nbsp;&nbsp;JD.com Inc ADR | 192146 | 6721 |
| &nbsp;&nbsp;&nbsp;JD.com Inc, Cl A | 224088 | 3927 |
| &nbsp;&nbsp;&nbsp;Meituan, Cl B \* | 501768 | 6704 |
| &nbsp;&nbsp;&nbsp;Midea Group | 97800 | 1032 |
| &nbsp;&nbsp;&nbsp;Midea Group Co Ltd, Cl A | 144800 | 1481 |
| &nbsp;&nbsp;&nbsp;Nexteer Automotive Group | 2624000 | 2880 |
| &nbsp;&nbsp;&nbsp;PDD Holdings Inc ADR \* | 39872 | 5270 |
| &nbsp;&nbsp;&nbsp;Pop Mart International Group Ltd | 156679 | 5368 |
| &nbsp;&nbsp;&nbsp;TCL Electronics Holdings | 999557 | 1345 |
| &nbsp;&nbsp;&nbsp;Trip.com Group Ltd | 67017 | 5083 |
| &nbsp;&nbsp;&nbsp;Vipshop Holdings Ltd ADR | 468445 | 9200 |
| &nbsp;&nbsp;&nbsp;Zhejiang China Commodities City Group, Cl A | 163582 | 428 |
|  |  | 139461 |
| **Consumer Staples — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;China Resources Beer Holdings Co Ltd | 482000 | 1696 |
| &nbsp;&nbsp;&nbsp;Eastroc Beverage Group Co Ltd, Cl A | 60453 | 2584 |
| &nbsp;&nbsp;&nbsp;Foshan Haitian Flavouring & Food Co Ltd | 459300 | 1967 |
| &nbsp;&nbsp;&nbsp;Foshan Haitian Flavouring & Food Co Ltd, Cl A | 1126460 | 6183 |
| &nbsp;&nbsp;&nbsp;Giant Biogene Holding Co ltd | 40161 | 291 |
| &nbsp;&nbsp;&nbsp;JD Health International Inc \* | 125750 | 1071 |
| &nbsp;&nbsp;&nbsp;Tingyi Cayman Islands Holding Corp | 1229800 | 1643 |
| &nbsp;&nbsp;&nbsp;Want Want China Holdings Ltd | 3594500 | 2439 |
|  |  | 17874 |
| **Energy — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;PetroChina Co Ltd, Cl A | 191100 | 216 |
| &nbsp;&nbsp;&nbsp;PetroChina Co Ltd, Cl H | 2501800 | 2269 |
|  |  | 2485 |
| **Financials — 3.6%** |  |  |
| &nbsp;&nbsp;&nbsp;China CITIC Bank Corp Ltd, Cl H | 1519300 | 1305 |
| &nbsp;&nbsp;&nbsp;China Construction Bank Corp, Cl H | 1626279 | 1560 |
| &nbsp;&nbsp;&nbsp;China Everbright Bank Co Ltd, Cl H | 373618 | 156 |
| &nbsp;&nbsp;&nbsp;China Life Insurance Co Ltd, Cl A | 87000 | 486 |
| &nbsp;&nbsp;&nbsp;China Life Insurance Co Ltd, Cl H | 2156389 | 6108 |
| &nbsp;&nbsp;&nbsp;China Pacific Insurance Group Co Ltd, Cl A | 201300 | 995 |
| &nbsp;&nbsp;&nbsp;China Pacific Insurance Group Co Ltd, Cl H | 495541 | 1969 |
| &nbsp;&nbsp;&nbsp;China Reinsurance Group, Cl H | 5384900 | 1073 |
| &nbsp;&nbsp;&nbsp;Far East Horizon Ltd | 1204617 | 1064 |
| &nbsp;&nbsp;&nbsp;FinVolution Group ADR | 155524 | 1146 |
| &nbsp;&nbsp;&nbsp;Guotai Junan Securities Co Ltd, Cl A | 24100 | 64 |
| &nbsp;&nbsp;&nbsp;Hithink RoyalFlush Information Network, Cl A | 4000 | 210 |
| &nbsp;&nbsp;&nbsp;Industrial & Commercial Bank of China Ltd, Cl H | 9772009 | 7197 |
| &nbsp;&nbsp;&nbsp;New China Life Insurance Co Ltd, Cl A | 112100 | 967 |
| &nbsp;&nbsp;&nbsp;New China Life Insurance Co Ltd, Cl H | 628764 | 3725 |
| &nbsp;&nbsp;&nbsp;Orient Securities Co Ltd/China, Cl A | 155400 | 250 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br>($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;People's Insurance Co Group of China Ltd/ The, Cl A | 577200 | $633 |
| &nbsp;&nbsp;&nbsp;People's Insurance Co Group of China Ltd/ The, Cl H | 7798167 | 6823 |
| &nbsp;&nbsp;&nbsp;PICC Property & Casualty Co Ltd, Cl H | 3326038 | 7505 |
| &nbsp;&nbsp;&nbsp;Ping An Insurance Group Co of China Ltd, Cl H | 1657572 | 11279 |
| &nbsp;&nbsp;&nbsp;Qifu Technology Inc ADR | 45263 | 1303 |
| &nbsp;&nbsp;&nbsp;Shenwan Hongyuan Group Co Ltd, Cl A | 1521485 | 1142 |
|  |  | 56960 |
| **Health Care — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Beijing Tiantan Biological Products Corp Ltd, Cl A | 140060 | 375 |
| &nbsp;&nbsp;&nbsp;Consun Pharmaceutical Group | 440611 | 966 |
| &nbsp;&nbsp;&nbsp;Dong-E-E-Jiao Co Ltd, Cl E | 26500 | 176 |
| &nbsp;&nbsp;&nbsp;Genertec Universal Medical Group | 795800 | 620 |
| &nbsp;&nbsp;&nbsp;Guangzhou Kingmed Diagnostics Group Co Ltd, Cl A | 927789 | 3868 |
| &nbsp;&nbsp;&nbsp;Hansoh Pharmaceutical Group Co Ltd | 663200 | 3077 |
| &nbsp;&nbsp;&nbsp;Jiangsu Hengrui Pharmaceuticals Co Ltd, Cl A | 526500 | 5296 |
| &nbsp;&nbsp;&nbsp;Jiangsu Yuyue Medical Equipment & Supply Co Ltd, Cl A | 143900 | 790 |
| &nbsp;&nbsp;&nbsp;Sichuan Kelun Pharmaceutical Co Ltd, Cl A | 58994 | 305 |
| &nbsp;&nbsp;&nbsp;WuXi AppTec, Cl A | 43700 | 692 |
|  |  | 16165 |
| **Industrials — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Airtac International Group | 107350 | 2666 |
| &nbsp;&nbsp;&nbsp;Centre Testing International Group Co Ltd, Cl A | 3446200 | 6244 |
| &nbsp;&nbsp;&nbsp;China Communications Services Corp Ltd, Cl H | 3038872 | 1795 |
| &nbsp;&nbsp;&nbsp;CITIC Ltd | 1844609 | 2702 |
| &nbsp;&nbsp;&nbsp;Contemporary Amperex Technology Co Ltd, Cl A | 236300 | 13401 |
| &nbsp;&nbsp;&nbsp;COSCO SHIPPING Holdings Co Ltd, Cl A | 783800 | 1581 |
| &nbsp;&nbsp;&nbsp;COSCO SHIPPING Holdings Co Ltd, Cl H | 1059857 | 1648 |
| &nbsp;&nbsp;&nbsp;COSCO SHIPPING Ports | 460100 | 336 |
| &nbsp;&nbsp;&nbsp;Goneo Group Co Ltd, Cl A | 43107 | 271 |
| &nbsp;&nbsp;&nbsp;Lonking Holdings Ltd | 2623200 | 1004 |
| &nbsp;&nbsp;&nbsp;Ningbo Orient Wires & Cables, Cl A | 100300 | 998 |
| &nbsp;&nbsp;&nbsp;Qingdao Port International Co Ltd, Cl H | 921800 | 854 |
| &nbsp;&nbsp;&nbsp;Sany Heavy Industry, Cl A | 182400 | 596 |
| &nbsp;&nbsp;&nbsp;Shanghai Industrial Holdings Ltd | 577444 | 1015 |
| &nbsp;&nbsp;&nbsp;Shenzhen Inovance Technology Co Ltd, Cl A | 193800 | 2290 |
| &nbsp;&nbsp;&nbsp;Shenzhen International Holdings Ltd | 20929 | 21 |
| &nbsp;&nbsp;&nbsp;Sinopec Engineering Group Co Ltd, Cl H | 1164519 | 1011 |
| &nbsp;&nbsp;&nbsp;Xinjiang Goldwind Science & Technology Co Ltd, Cl H | 768200 | 1383 |
| &nbsp;&nbsp;&nbsp;Yangzijiang Shipbuilding Holdings Ltd | 674416 | 1766 |
| &nbsp;&nbsp;&nbsp;Yutong Bus Co Ltd, Cl A | 176700 | 676 |

---

20 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br>($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Zoomlion Heavy Industry Science and Technology Co Ltd | 1904800 | $1782 |
| &nbsp;&nbsp;&nbsp;Zoomlion Heavy Industry Science and Technology Co Ltd, Cl A | 364419 | 411 |
|  |  | 44451 |
| **Information Technology — 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;AAC Technologies Holdings Inc | 246078 | 1445 |
| &nbsp;&nbsp;&nbsp;Anker Innovations Technology, Cl A | 34100 | 585 |
| &nbsp;&nbsp;&nbsp;Avary Holding Shenzhen, Cl A | 45200 | 357 |
| &nbsp;&nbsp;&nbsp;Cambricon Technologies, Cl A \* | 1000 | 187 |
| &nbsp;&nbsp;&nbsp;China Railway Signal & Communication Corp Ltd, Cl H | 992489 | 445 |
| &nbsp;&nbsp;&nbsp;Eoptolink Technology, Cl A | 7800 | 403 |
| &nbsp;&nbsp;&nbsp;GDS Holdings, Cl A \* | 465400 | 2273 |
| &nbsp;&nbsp;&nbsp;NAURA Technology Group Co Ltd, Cl A | 14600 | 930 |
| &nbsp;&nbsp;&nbsp;Rockchip Electronics, Cl A | 8800 | 280 |
| &nbsp;&nbsp;&nbsp;Shengyi Technology, Cl A | 100700 | 768 |
| &nbsp;&nbsp;&nbsp;Shennan Circuits, Cl A | 13800 | 422 |
| &nbsp;&nbsp;&nbsp;WUS Printed Circuit Kunshan Co Ltd, Cl A | 117600 | 1220 |
| &nbsp;&nbsp;&nbsp;Xiaomi Corp, Cl B \* | 2052101 | 14265 |
| &nbsp;&nbsp;&nbsp;Xinyi Solar Holdings Ltd | 3144000 | 1388 |
| &nbsp;&nbsp;&nbsp;Zhongji Innolight, Cl A | 8000 | 457 |
|  |  | 25425 |
| **Materials — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Anhui Conch Cement Co Ltd, Cl H | 627684 | 1891 |
| &nbsp;&nbsp;&nbsp;China Hongqiao Group Ltd | 1190743 | 4034 |
| &nbsp;&nbsp;&nbsp;China XLX Fertiliser | 443600 | 452 |
| &nbsp;&nbsp;&nbsp;CMOC Group Ltd, Cl A | 134200 | 297 |
| &nbsp;&nbsp;&nbsp;Fufeng Group Ltd | 2158547 | 2426 |
| &nbsp;&nbsp;&nbsp;Shanghai Putailai New Energy Technology, Cl A | 663990 | 2891 |
| &nbsp;&nbsp;&nbsp;Shanjin International Gold, Cl A | 56600 | 182 |
| &nbsp;&nbsp;&nbsp;Yunnan Yuntianhua Co Ltd, Cl A | 133200 | 502 |
| &nbsp;&nbsp;&nbsp;Zangge Mining, Cl A | 32900 | 270 |
| &nbsp;&nbsp;&nbsp;Zhongjin Gold Corp Ltd, Cl A | 100500 | 309 |
|  |  | 13254 |
| **Real Estate — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;China Overseas Land & Investment Ltd | 621500 | 1145 |
| &nbsp;&nbsp;&nbsp;China Resources Land Ltd | 1874800 | 7308 |
| &nbsp;&nbsp;&nbsp;Seazen Group Ltd \* | 1439954 | 473 |
|  |  | 8926 |
| **Utilities — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;China Longyuan Power Group Corp Ltd, Cl H | 531143 | 567 |
| &nbsp;&nbsp;&nbsp;Kunlun Energy Co Ltd | 704000 | 629 |
|  |  | 1196 |
| Total China |  | 425293 |
| **Colombia — 0.2%** |  |  |
| **Financials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Grupo Cibest SA ADR | 24854 | 1291 |
| &nbsp;&nbsp;&nbsp;Grupo Cibest SA | 72500 | 1120 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value <br>($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Grupo de Inversiones Suramericana SA | 17400 | $194 |
|  |  | 2605 |
| Total Colombia |  | 2605 |
| **Egypt — 0.5%** |  |  |
| **Consumer Staples — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Eastern Co SAE | 936300 | 833 |
| **Financials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Commercial International Bank - Egypt (CIB) | 3208435 | 6773 |
| &nbsp;&nbsp;&nbsp;Egyptian Financial Group-Hermes Holding \* | 362391 | 203 |
|  |  | 6976 |
| Total Egypt |  | 7809 |
| **Greece — 1.2%** |  |  |
| **Communication Services — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Hellenic Telecommunications Organization SA | 109790 | 2081 |
| **Consumer Discretionary — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;JUMBO SA | 116358 | 3995 |
| &nbsp;&nbsp;&nbsp;OPAP SA | 103787 | 2422 |
|  |  | 6417 |
| **Financials — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Alpha Bank SA | 682598 | 2905 |
| &nbsp;&nbsp;&nbsp;Eurobank Ergasias Services and Holdings SA | 1933056 | 7484 |
| &nbsp;&nbsp;&nbsp;National Bank of Greece SA | 19409 | 283 |
|  |  | 10672 |
| Total Greece |  | 19170 |
| **Hong Kong — 1.4%** |  |  |
| **Consumer Staples — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Chaoda Modern Agriculture Holdings \* | 102809 | 4 |
| &nbsp;&nbsp;&nbsp;WH Group Ltd | 4400707 | 4767 |
|  |  | 4771 |
| **Financials — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;AIA Group Ltd | 948800 | 9095 |
| &nbsp;&nbsp;&nbsp;Hong Kong Exchanges & Clearing Ltd | 78500 | 4457 |
|  |  | 13552 |
| **Health Care — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Sino Biopharmaceutical Ltd | 3871105 | 4036 |
| **Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Orient Overseas International Ltd | 45400 | 736 |
| **Information Technology — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;China High Precision Automation Group Ltd \*(A) | 1385624 | 73 |
| Total Hong Kong |  | 23168 |

---

SEI Institutional International Trust 21

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Equity Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| **Hungary — 1.6%** |  |  |
| **Communication Services — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Magyar Telekom Telecommunications PLC | 604129 | $3233 |
| **Energy — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;MOL Hungarian Oil & Gas PLC | 563626 | 4589 |
| **Financials — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;OTP Bank Nyrt | 200490 | 17377 |
| **Health Care — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Richter Gedeon Nyrt | 33448 | 1020 |
| Total Hungary |  | 26219 |
| **India — 11.4%** |  |  |
| **Communication Services — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Bharti Airtel Ltd | 100913 | 2134 |
| &nbsp;&nbsp;&nbsp;Indus Towers Ltd \* | 301876 | 1166 |
| &nbsp;&nbsp;&nbsp;Info Edge India | 126519 | 1866 |
|  |  | 5166 |
| **Consumer Discretionary — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Cartrade Tech Ltd \* | 55480 | 1531 |
| &nbsp;&nbsp;&nbsp;Dixon Technologies India | 11620 | 2136 |
| &nbsp;&nbsp;&nbsp;Hero MotoCorp Ltd | 10695 | 659 |
| &nbsp;&nbsp;&nbsp;Mahindra & Mahindra Ltd | 17875 | 690 |
| &nbsp;&nbsp;&nbsp;Mahindra & Mahindra Ltd GDR | 181997 | 6989 |
| &nbsp;&nbsp;&nbsp;Maruti Suzuki India Ltd | 43311 | 7823 |
| &nbsp;&nbsp;&nbsp;Tube Investments of India Ltd | 42928 | 1498 |
| &nbsp;&nbsp;&nbsp;Vishal Mega Mart Ltd \* | 1304217 | 2189 |
|  |  | 23515 |
| **Consumer Staples — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Britannia Industries Ltd | 39826 | 2687 |
| &nbsp;&nbsp;&nbsp;Gillette India Ltd | 3684 | 393 |
| &nbsp;&nbsp;&nbsp;Marico Ltd | 921159 | 7240 |
|  |  | 10320 |
| **Energy — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Bharat Petroleum Corp Ltd | 1906450 | 7302 |
| &nbsp;&nbsp;&nbsp;Great Eastern Shipping Co Ltd/The | 137539 | 1540 |
| &nbsp;&nbsp;&nbsp;Hindustan Petroleum Corp Ltd | 380913 | 1906 |
| &nbsp;&nbsp;&nbsp;Indian Oil Corp Ltd | 1100100 | 1858 |
| &nbsp;&nbsp;&nbsp;Oil & Natural Gas Corp Ltd | 3180468 | 8573 |
| &nbsp;&nbsp;&nbsp;Petronet LNG Ltd | 1444429 | 4537 |
| &nbsp;&nbsp;&nbsp;Reliance Industries Ltd | 278329 | 4275 |
|  |  | 29991 |
| **Financials — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Aditya Birla Sun Life Asset Management | 40600 | 362 |
| &nbsp;&nbsp;&nbsp;Bank of Baroda | 817000 | 2379 |
| &nbsp;&nbsp;&nbsp;Canara Bank | 2494751 | 3476 |
| &nbsp;&nbsp;&nbsp;General Insurance Corp of India | 281395 | 1169 |
| &nbsp;&nbsp;&nbsp;HDFC Asset Management Co Ltd | 42500 | 2648 |
| &nbsp;&nbsp;&nbsp;HDFC Bank Ltd ADR | 479418 | 16377 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;HDFC Bank Ltd | 350614 | $3757 |
| &nbsp;&nbsp;&nbsp;ICICI Bank Ltd ADR | 484282 | 14640 |
| &nbsp;&nbsp;&nbsp;ICICI Bank Ltd | 140059 | 2123 |
| &nbsp;&nbsp;&nbsp;Karur Vysya Bank | 328940 | 780 |
| &nbsp;&nbsp;&nbsp;L&T Finance Ltd | 515550 | 1447 |
| &nbsp;&nbsp;&nbsp;LIC Housing Finance Ltd | 295047 | 1876 |
| &nbsp;&nbsp;&nbsp;Life Insurance Corp of India | 17800 | 180 |
| &nbsp;&nbsp;&nbsp;Manappuram Finance Ltd | 169256 | 536 |
| &nbsp;&nbsp;&nbsp;Muthoot Finance Ltd | 171805 | 5941 |
| &nbsp;&nbsp;&nbsp;Nuvama Wealth Management Ltd | 100 | 7 |
| &nbsp;&nbsp;&nbsp;REC Ltd | 325532 | 1366 |
| &nbsp;&nbsp;&nbsp;Sammaan Capital Ltd \* | 334700 | 607 |
| &nbsp;&nbsp;&nbsp;SBI Cards & Payment Services Ltd | 94700 | 935 |
| &nbsp;&nbsp;&nbsp;Shriram Finance | 9771 | 68 |
| &nbsp;&nbsp;&nbsp;Union Bank of India | 406200 | 633 |
|  |  | 61307 |
| **Health Care — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Apollo Hospitals Enterprise Ltd | 35501 | 2964 |
| &nbsp;&nbsp;&nbsp;Dr Reddy's Laboratories Ltd ADR | 486322 | 6799 |
|  |  | 9763 |
| **Industrials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Ashok Leyland Ltd | 2368267 | 3809 |
| &nbsp;&nbsp;&nbsp;eClerx Services Ltd | 8500 | 385 |
| &nbsp;&nbsp;&nbsp;Polycab India | 11900 | 976 |
|  |  | 5170 |
| **Information Technology — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Infosys Ltd | 96754 | 1574 |
| &nbsp;&nbsp;&nbsp;Infosys Ltd ADR | 540646 | 8796 |
| &nbsp;&nbsp;&nbsp;Netweb Technologies India | 44015 | 1811 |
| &nbsp;&nbsp;&nbsp;Tata Consultancy Services Ltd | 116471 | 3791 |
|  |  | 15972 |
| **Materials — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Castrol India | 407932 | 918 |
| &nbsp;&nbsp;&nbsp;Chambal Fertilisers and Chemicals Ltd | 217400 | 1250 |
| &nbsp;&nbsp;&nbsp;Coromandel International Ltd | 156750 | 3971 |
| &nbsp;&nbsp;&nbsp;EID Parry India \* | 30201 | 349 |
| &nbsp;&nbsp;&nbsp;GHCL Ltd | 44143 | 301 |
| &nbsp;&nbsp;&nbsp;Hindalco Industries Ltd | 150706 | 1293 |
| &nbsp;&nbsp;&nbsp;JK Cement | 7100 | 504 |
| &nbsp;&nbsp;&nbsp;National Aluminium Co Ltd | 1144800 | 2758 |
| &nbsp;&nbsp;&nbsp;NMDC Ltd | 1880309 | 1617 |
| &nbsp;&nbsp;&nbsp;Sudarshan Chemical Industries | 15100 | 227 |
| &nbsp;&nbsp;&nbsp;Vedanta Ltd | 634197 | 3329 |
| &nbsp;&nbsp;&nbsp;Welspun | 18500 | 179 |
|  |  | 16696 |
| **Real Estate — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Mindspace Business Parks REIT <sup>‡</sup> | 73200 | 375 |
| &nbsp;&nbsp;&nbsp;Phoenix Mills Ltd/The | 65376 | 1144 |
|  |  | 1519 |

---

22 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| **Utilities — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Mahanagar Gas Ltd | 63400 | $926 |
| &nbsp;&nbsp;&nbsp;Power Grid Corp of India Ltd | 247614 | 781 |
| &nbsp;&nbsp;&nbsp;PTC India | 79400 | 149 |
|  |  | 1856 |
| Total India |  | 181275 |
| **Indonesia — 1.6%** |  |  |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Indofood Sukses Makmur Tbk PT | 6220114 | 2699 |
| &nbsp;&nbsp;&nbsp;Japfa Comfeed Indonesia | 3048000 | 359 |
|  |  | 3058 |
| **Financials — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Bank Central Asia Tbk PT | 16987300 | 7780 |
| &nbsp;&nbsp;&nbsp;Bank Rakyat Indonesia Persero Tbk PT | 31523128 | 7388 |
|  |  | 15168 |
| **Health Care — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Kalbe Farma Tbk PT | 39908600 | 2714 |
| **Industrials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Astra International Tbk PT | 8068245 | 2798 |
| **Utilities — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Perusahaan Gas Negara Tbk PT | 11888000 | 1206 |
| Total Indonesia |  | 24944 |
| **Japan — 0.2%** |  |  |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Unicharm Corp | 609000 | 3955 |
| **Kuwait — 0.1%** |  |  |
| **Communication Services — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Mobile Telecommunications Co KSCP | 534931 | 902 |
| **Consumer Discretionary — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Humansoft Holding Co KSC | 95900 | 780 |
| Total Kuwait |  | 1682 |
| **Luxembourg — 0.2%** |  |  |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;ZABKA GROUP SA \* | 379957 | 2461 |
| **Macao — 0.2%** |  |  |
| **Consumer Discretionary — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;MGM China Holdings Ltd | 1257200 | 2681 |
| **Malaysia — 0.4%** |  |  |
| **Consumer Staples — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;United Plantations | 87250 | 477 |
| **Financials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Public Bank Bhd | 3516600 | 3623 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| **Industrials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;My EG Services Bhd | 6141689 | $1243 |
| **Real Estate — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;IGB Real Estate Investment Trust <sup>‡</sup> | 1128700 | 746 |
| &nbsp;&nbsp;&nbsp;SP Setia Group | 443222 | 108 |
| &nbsp;&nbsp;&nbsp;Sunway Real Estate Investment Trust <sup>‡</sup> | 688600 | 344 |
|  |  | 1198 |
| Total Malaysia |  | 6541 |
| **Mexico — 2.1%** |  |  |
| **Consumer Staples — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Fomento Economico Mexicano SAB de CV ADR | 14836 | 1463 |
| &nbsp;&nbsp;&nbsp;Fomento Economico Mexicano SAB de CV | 1023500 | 10075 |
|  |  | 11538 |
| **Financials — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco del Bajio SA | 1159133 | 2919 |
| &nbsp;&nbsp;&nbsp;Gentera SAB de CV | 480500 | 1249 |
| &nbsp;&nbsp;&nbsp;Grupo Financiero Banorte SAB de CV, Cl O | 1312628 | 13170 |
| &nbsp;&nbsp;&nbsp;Regional SAB de CV | 243700 | 2186 |
|  |  | 19524 |
| **Health Care — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Genomma Lab Internacional SAB de CV, Cl B | 146257 | 153 |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Cemex SAB de CV ADR | 138004 | 1241 |
| **Real Estate — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;FIBRA Macquarie Mexico ‡ | 276000 | 474 |
| Total Mexico |  | 32930 |
| **Netherlands — 0.1%** |  |  |
| **Energy — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;SBM Offshore NV | 48608 | 1245 |
| **Peru — 0.1%** |  |  |
| **Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Intercorp Financial Services | 23200 | 936 |
| **Philippines — 0.8%** |  |  |
| **Communication Services — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Converge Information and Communications Technology Solutions | 2641200 | 568 |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Century Pacific Food | 3444400 | 2228 |
| &nbsp;&nbsp;&nbsp;Puregold Price Club Inc | 1276400 | 921 |
|  |  | 3149 |
| **Financials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;BDO Unibank Inc | 634234 | 1448 |

---

SEI Institutional International Trust 23

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Equity Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan Bank & Trust Co | 2016379 | $2357 |
|  |  | 3805 |
| **Industrials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Alliance Global Group Inc | 2047705 | 267 |
| &nbsp;&nbsp;&nbsp;GT Capital Holdings Inc | 89032 | 881 |
| &nbsp;&nbsp;&nbsp;International Container Terminal Services Inc | 365328 | 2963 |
| &nbsp;&nbsp;&nbsp;LT Group | 762700 | 200 |
|  |  | 4311 |
| **Utilities — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Manila Electric Co | 39760 | 362 |
| Total Philippines |  | 12195 |
| **Poland — 0.6%** |  |  |
| **Communication Services — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;CD Projekt SA | 15741 | 1176 |
| **Energy — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;ORLEN SA | 29300 | 699 |
| **Financials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Alior Bank | 56690 | 1608 |
| &nbsp;&nbsp;&nbsp;Powszechny Zaklad Ubezpieczen SA | 75406 | 1131 |
|  |  | 2739 |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;KGHM Polska Miedz SA \* | 44500 | 1966 |
| **Utilities — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Enea SA | 358520 | 1746 |
| &nbsp;&nbsp;&nbsp;PGE Polska Grupa Energetyczna SA \* | 619300 | 1835 |
|  |  | 3581 |
| Total Poland |  | 10161 |
| **Portugal — 0.4%** |  |  |
| **Consumer Staples — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Jeronimo Martins SGPS SA | 186888 | 4553 |
| **Energy — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Galp Energia SGPS SA, Cl B | 104803 | 1988 |
| Total Portugal |  | 6541 |
| **Qatar — 0.3%** |  |  |
| **Communication Services — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Ooredoo QPSC | 1127078 | 4232 |
| **Real Estate — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Barwa Real Estate Co | 1394300 | 1023 |
| Total Qatar |  | 5255 |
| **Russia — 0.0%** |  |  |
| **Communication Services — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Mobile TeleSystems PJSC \*(A) | 1398028 | – |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| **Energy — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Gazprom PJSC \*(A) | 279264 | $– |
| &nbsp;&nbsp;&nbsp;Gazprom PJSC ADR \*(A) | 35029 |  |
| &nbsp;&nbsp;&nbsp;LUKOIL PJSC \*(A) | 109206 |  |
| &nbsp;&nbsp;&nbsp;Rosneft Oil Co PJSC \*(A) | 230389 |  |
| &nbsp;&nbsp;&nbsp;Surgutneftegas PJSC ADR \*(A) | 501658 | – |
|  |  | – |
| **Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Sberbank of Russia PJSC \*(A) | 417388 |  |
| &nbsp;&nbsp;&nbsp;Sberbank of Russia PJSC ADR \*(A) | 58444 | – |
|  |  | – |
| **Materials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Alrosa PJSC \*(A) | 605728 | – |
| Total Russia |  | – |
| **Saudi Arabia — 1.2%** |  |  |
| **Communication Services — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Etihad Etisalat Co | 316027 | 5696 |
| **Consumer Staples — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Nahdi Medical | 100 | 3 |
| **Energy — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Saudi Arabian Oil Co | 799182 | 5247 |
| **Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Banque Saudi Fransi | 221937 | 1056 |
| **Health Care — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;National Medical Care Co | 63527 | 2982 |
| **Information Technology — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Arabian Internet & Communications Services | 20325 | 1396 |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;SABIC Agri-Nutrients Co | 44856 | 1427 |
| **Real Estate — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Arabian Centres Co | 169169 | 1022 |
| Total Saudi Arabia |  | 18829 |
| **Singapore — 0.2%** |  |  |
| **Consumer Discretionary — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Sea Ltd ADR \* | 12824 | 2292 |
| **Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Yangzijiang Financial Holding Ltd | 649709 | 605 |
| Total Singapore |  | 2897 |
| **South Africa — 4.4%** |  |  |
| **Communication Services — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Telkom SA SOC Ltd | 374500 | 1114 |

---

24 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Vodacom Group Ltd | 432600 | $3346 |
|  |  | 4460 |
| **Consumer Discretionary — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Mr Price Group Ltd | 20930 | 247 |
| &nbsp;&nbsp;&nbsp;Naspers Ltd, Cl N | 71589 | 26040 |
| &nbsp;&nbsp;&nbsp;Pepkor Holdings Ltd | 617300 | 870 |
| &nbsp;&nbsp;&nbsp;Truworths International Ltd | 15414 | 49 |
|  |  | 27206 |
| **Consumer Staples — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;AVI Ltd | 1081567 | 6202 |
| &nbsp;&nbsp;&nbsp;Clicks Group Ltd | 111780 | 2282 |
| &nbsp;&nbsp;&nbsp;Tiger Brands Ltd | 101366 | 1814 |
|  |  | 10298 |
| **Financials — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Absa Group Ltd | 485362 | 5099 |
| &nbsp;&nbsp;&nbsp;Capitec Bank Holdings Ltd | 21346 | 4312 |
| &nbsp;&nbsp;&nbsp;Discovery Ltd | 107435 | 1228 |
| &nbsp;&nbsp;&nbsp;Momentum Group Ltd | 201245 | 383 |
| &nbsp;&nbsp;&nbsp;Nedbank Group Ltd | 157433 | 1948 |
| &nbsp;&nbsp;&nbsp;Sanlam Ltd | 420838 | 2039 |
|  |  | 15009 |
| **Health Care — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Netcare Ltd | 456600 | 376 |
| **Information Technology — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;DataTec Ltd | 206835 | 720 |
| **Materials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Anglo American | 52247 | 1965 |
| &nbsp;&nbsp;&nbsp;Gold Fields Ltd | 10700 | 448 |
| &nbsp;&nbsp;&nbsp;Harmony Gold Mining Co Ltd | 83700 | 1514 |
| &nbsp;&nbsp;&nbsp;Impala Platinum Holdings Ltd | 280249 | 3578 |
| &nbsp;&nbsp;&nbsp;Kumba Iron Ore Ltd | 66911 | 1260 |
| &nbsp;&nbsp;&nbsp;Omnia Holdings Ltd | 223958 | 930 |
|  |  | 9695 |
| **Real Estate — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Hyprop Investments Ltd ‡ | 166327 | 451 |
| &nbsp;&nbsp;&nbsp;Redefine Properties Ltd ‡ | 1442339 | 416 |
| &nbsp;&nbsp;&nbsp;Resilient REIT Ltd ‡ | 346279 | 1287 |
| &nbsp;&nbsp;&nbsp;Vukile Property Fund Ltd ‡ | 720729 | 868 |
|  |  | 3022 |
| Total South Africa |  | 70786 |
| **South Korea — 11.3%** |  |  |
| **Communication Services — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Krafton Inc \* | 5201 | 1086 |
| &nbsp;&nbsp;&nbsp;KT Corp ADR | 123525 | 2408 |
| &nbsp;&nbsp;&nbsp;LG Uplus Corp | 291440 | 3188 |
|  |  | 6682 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| **Consumer Discretionary — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Coway Co Ltd | 69162 | $4854 |
| &nbsp;&nbsp;&nbsp;DoubleUGames Co Ltd | 4400 | 163 |
| &nbsp;&nbsp;&nbsp;Hankook Tire & Technology Co Ltd | 101330 | 2770 |
| &nbsp;&nbsp;&nbsp;Hyundai Department Store Co Ltd | 13788 | 870 |
| &nbsp;&nbsp;&nbsp;Hyundai Mobis Co Ltd | 18757 | 3991 |
| &nbsp;&nbsp;&nbsp;Kia Corp | 204884 | 14706 |
| &nbsp;&nbsp;&nbsp;LG Electronics Inc | 69523 | 3750 |
| &nbsp;&nbsp;&nbsp;Youngone Corp | 22695 | 1049 |
|  |  | 32153 |
| **Consumer Staples — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Cosmax Inc | 8549 | 1308 |
| &nbsp;&nbsp;&nbsp;KT&G Corp | 19401 | 1848 |
| &nbsp;&nbsp;&nbsp;Orion Corp/Republic of Korea | 15500 | 1145 |
|  |  | 4301 |
| **Financials — 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;BNK Financial Group Inc | 90900 | 946 |
| &nbsp;&nbsp;&nbsp;Hana Financial Group Inc | 241511 | 15016 |
| &nbsp;&nbsp;&nbsp;Hyundai Marine & Fire Insurance Co Ltd \* | 16527 | 332 |
| &nbsp;&nbsp;&nbsp;Industrial Bank of Korea | 220382 | 3058 |
| &nbsp;&nbsp;&nbsp;JB Financial Group Co Ltd | 24600 | 403 |
| &nbsp;&nbsp;&nbsp;KB Financial Group Inc | 19411 | 1602 |
| &nbsp;&nbsp;&nbsp;Korea Investment Holdings Co Ltd | 7554 | 781 |
| &nbsp;&nbsp;&nbsp;Korean Reinsurance | 32000 | 249 |
| &nbsp;&nbsp;&nbsp;Samsung Fire & Marine Insurance Co Ltd | 4796 | 1544 |
| &nbsp;&nbsp;&nbsp;Shinhan Financial Group Co Ltd | 111500 | 5622 |
| &nbsp;&nbsp;&nbsp;Woori Financial Group Inc | 312483 | 5787 |
|  |  | 35340 |
| **Health Care — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;PharmaResearch | 1400 | 602 |
| **Industrials — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;DL E&C | 30200 | 904 |
| &nbsp;&nbsp;&nbsp;GS Holdings Corp | 46226 | 1515 |
| &nbsp;&nbsp;&nbsp;HD Korea Shipbuilding & Offshore Engineering Co Ltd | 4268 | 1250 |
| &nbsp;&nbsp;&nbsp;HDC Hyundai Development Co-Engineering & Construction, Cl E | 12700 | 184 |
| &nbsp;&nbsp;&nbsp;Hyundai Glovis Co Ltd | 31409 | 3705 |
| &nbsp;&nbsp;&nbsp;Hyundai Rotem Co Ltd | 31595 | 4939 |
| &nbsp;&nbsp;&nbsp;LG International | 9414 | 215 |
| &nbsp;&nbsp;&nbsp;S-1, Cl 1 | 4100 | 246 |
| &nbsp;&nbsp;&nbsp;Samsung E&A Co Ltd | 110100 | 2105 |
| &nbsp;&nbsp;&nbsp;Samsung Heavy Industries \* | 158324 | 2473 |
| &nbsp;&nbsp;&nbsp;SK Holdings Co Ltd | 17270 | 2586 |
| &nbsp;&nbsp;&nbsp;SK Square Co Ltd \* | 70203 | 10112 |
|  |  | 30234 |
| **Information Technology — 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;DB HiTek Co Ltd | 10900 | 442 |
| &nbsp;&nbsp;&nbsp;HPSP Co Ltd | 60628 | 1460 |
| &nbsp;&nbsp;&nbsp;Samsung Electronics Co Ltd | 791439 | 47447 |

---

SEI Institutional International Trust 25

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Equity Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;SK Hynix Inc | 71264 | $17666 |
|  |  | 67015 |
| **Materials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Hyundai Steel Co | 18400 | 445 |
| &nbsp;&nbsp;&nbsp;LG Chem Ltd | 19154 | 3803 |
|  |  | 4248 |
| Total South Korea |  | 180575 |
| **Taiwan — 16.2%** |  |  |
| **Communication Services — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Chunghwa Telecom Co Ltd | 976941 | 4276 |
| **Consumer Discretionary — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Fusheng Precision Co Ltd | 80035 | 687 |
| &nbsp;&nbsp;&nbsp;Nien Made Enterprise Co Ltd | 10786 | 151 |
|  |  | 838 |
| **Consumer Staples — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Uni-President Enterprises Corp | 4598655 | 11857 |
| **Financials — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Cathay Financial Holding Co Ltd | 364180 | 787 |
| &nbsp;&nbsp;&nbsp;CTBC Financial Holding Co Ltd | 4731000 | 6672 |
|  |  | 7459 |
| **Health Care — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Lotus Pharmaceutical Co Ltd \* | 111000 | 945 |
| **Industrials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Acter Group Corp Ltd | 49347 | 1261 |
| &nbsp;&nbsp;&nbsp;China Airlines | 1612300 | 1107 |
| &nbsp;&nbsp;&nbsp;CyberPower Systems | 41672 | 287 |
| &nbsp;&nbsp;&nbsp;Eva Airways Corp | 3577834 | 4487 |
| &nbsp;&nbsp;&nbsp;Evergreen Aviation Technologies | 92000 | 490 |
| &nbsp;&nbsp;&nbsp;Evergreen Marine Corp Taiwan Ltd | 196537 | 1158 |
| &nbsp;&nbsp;&nbsp;Voltronic Power Technology Corp | 48770 | 1489 |
|  |  | 10279 |
| **Information Technology — 14.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Accton Technology Corp | 116300 | 4022 |
| &nbsp;&nbsp;&nbsp;Advantech Co Ltd | 686068 | 7221 |
| &nbsp;&nbsp;&nbsp;Alchip Technologies Ltd | 8000 | 919 |
| &nbsp;&nbsp;&nbsp;Arcadyan Technology Corp | 22000 | 159 |
| &nbsp;&nbsp;&nbsp;Ardentec | 143800 | 403 |
| &nbsp;&nbsp;&nbsp;Asia Vital Components Co Ltd | 28000 | 911 |
| &nbsp;&nbsp;&nbsp;Asustek Computer Inc | 345000 | 7622 |
| &nbsp;&nbsp;&nbsp;AURAS Technology | 32000 | 889 |
| &nbsp;&nbsp;&nbsp;Catcher Technology Co Ltd | 480467 | 2883 |
| &nbsp;&nbsp;&nbsp;Chroma ATE Inc | 76000 | 1450 |
| &nbsp;&nbsp;&nbsp;Delta Electronics Inc | 482281 | 13586 |
| &nbsp;&nbsp;&nbsp;Elite Material Co Ltd | 29610 | 1198 |
| &nbsp;&nbsp;&nbsp;Ennoconn | 35700 | 346 |
| &nbsp;&nbsp;&nbsp;King Slide Works | 32900 | 3573 |
| &nbsp;&nbsp;&nbsp;Largan Precision Co Ltd | 58638 | 4538 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Lite-On Technology Corp | 36200 | $206 |
| &nbsp;&nbsp;&nbsp;Macronix International Co Ltd \* | 968000 | 799 |
| &nbsp;&nbsp;&nbsp;MediaTek Inc | 266523 | 11559 |
| &nbsp;&nbsp;&nbsp;Nan Ya Printed Circuit Board Corp | 328000 | 2449 |
| &nbsp;&nbsp;&nbsp;Nanya Technology Corp \* | 545000 | 1314 |
| &nbsp;&nbsp;&nbsp;Pixart Imaging | 1091 | 9 |
| &nbsp;&nbsp;&nbsp;Posiflex Technology | 16100 | 122 |
| &nbsp;&nbsp;&nbsp;Realtek Semiconductor Corp | 150524 | 2725 |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co Ltd | 2956074 | 128405 |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co Ltd ADR | 75928 | 21206 |
| &nbsp;&nbsp;&nbsp;Tripod Technology Corp | 74600 | 738 |
| &nbsp;&nbsp;&nbsp;Universal Microwave Technology Inc | 95000 | 1402 |
| &nbsp;&nbsp;&nbsp;Wiwynn Corp | 8000 | 877 |
| &nbsp;&nbsp;&nbsp;Zhen Ding Technology Holding Ltd | 372100 | 2035 |
|  |  | 223566 |
| Total Taiwan |  | 259220 |
| **Thailand — 1.4%** |  |  |
| **Communication Services — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Advanced Info Service PCL NVDR | 328000 | 2947 |
| **Consumer Discretionary — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Com7 PCL NVDR | 372600 | 296 |
| **Energy — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;PTT Exploration & Production PCL NVDR | 1469760 | 5234 |
| **Financials — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Kasikornbank PCL NVDR | 1774200 | 9177 |
| &nbsp;&nbsp;&nbsp;Krung Thai Bank PCL NVDR | 2236430 | 1711 |
|  |  | 10888 |
| **Health Care — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Bumrungrad Hospital PCL NVDR | 297100 | 1607 |
| **Real Estate — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;CPN Retail Growth Leasehold REIT <sup>‡</sup> | 433900 | 155 |
| &nbsp;&nbsp;&nbsp;Sansiri NVDR | 4255100 | 192 |
| &nbsp;&nbsp;&nbsp;Supalai PCL NVDR | 456038 | 256 |
|  |  | 603 |
| **Utilities — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Electricity Generating PCL NVDR | 161961 | 572 |
| Total Thailand |  | 22147 |
| **Turkey — 0.7%** |  |  |
| **Communication Services — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Turkcell Iletisim Hizmetleri AS | 144406 | 340 |
| **Energy — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Turkiye Petrol Rafinerileri AS | 91000 | 409 |

---

26 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| **Financials — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Akbank TAS | 338512 | $512 |
| &nbsp;&nbsp;&nbsp;Haci Omer Sabanci Holding AS | 1397957 | 2924 |
| &nbsp;&nbsp;&nbsp;Turkiye Garanti Bankasi AS | 381148 | 1285 |
| &nbsp;&nbsp;&nbsp;Turkiye Is Bankasi AS, Cl C | 3217040 | 1097 |
| &nbsp;&nbsp;&nbsp;Yapi ve Kredi Bankasi AS \* | 1732626 | 1417 |
|  |  | 7235 |
| **Industrials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Turk Hava Yollari AO | 298871 | 2266 |
| **Real Estate — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Emlak Konut Gayrimenkul Yatirim Ortakligi AS ‡ | 2846911 | 1363 |
| Total Turkey |  | 11613 |
| **United Arab Emirates — 2.1%** |  |  |
| **Consumer Discretionary — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Talabat Holding PLC | 629607 | 192 |
| **Financials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Abu Dhabi Commercial Bank PJSC | 186887 | 743 |
| &nbsp;&nbsp;&nbsp;Abu Dhabi Islamic Bank PJSC | 298800 | 1774 |
| &nbsp;&nbsp;&nbsp;Dubai Islamic Bank PJSC | 587623 | 1532 |
| &nbsp;&nbsp;&nbsp;Emirates NBD Bank PJSC | 759854 | 5027 |
|  |  | 9076 |
| **Industrials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Air Arabia PJSC | 1868950 | 1912 |
| **Real Estate — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Aldar Properties PJSC | 895043 | 2312 |
| &nbsp;&nbsp;&nbsp;Emaar Development PJSC | 801914 | 2939 |
| &nbsp;&nbsp;&nbsp;Emaar Properties PJSC | 4655362 | 16551 |
|  |  | 21802 |
| Total United Arab Emirates |  | 32982 |
| **United Kingdom — 0.8%** |  |  |
| **Consumer Staples — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Unilever PLC | 160696 | 9508 |
| **Energy — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Metlen Energy & Metals \* | 29753 | 1655 |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Anglogold Ashanti | 28686 | 2018 |
| Total United Kingdom |  | 13181 |
| **United States — 0.3%** |  |  |
| **Information Technology — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;EPAM Systems Inc \* | 22375 | 3374 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Titan Cement International SA | 17899 | $734 |
| Total United States |  | 4108 |
| **Vietnam — 0.4%** |  |  |
| **Real Estate — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Vinhomes JSC \* | 1620100 | 6322 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,098,445) ($ Thousands) |  | 1523221 |
| **PREFERRED STOCK — 2.2%** |  |  |
| **Brazil — 1.2%** |  |  |
| **Energy — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Petroleo Brasileiro SA(B) | 921037 | 5422 |
| **Financials — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco Bradesco SA (B) | 1903200 | 6333 |
| &nbsp;&nbsp;&nbsp;Itausa SA(B) | 2657694 | 5754 |
|  |  | 12087 |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Bradespar SA(B) | 264763 | 841 |
| **Preferred Stock — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Metalurgica Gerdau SA, Cl A(B) | 216900 | 386 |
| Total Brazil |  | 18736 |
| **Colombia — 0.1%** |  |  |
| **Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Grupo Cibest SA(B) | 156000 | 2034 |
| **South Korea — 0.9%** |  |  |
| **Consumer Discretionary — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Hyundai Motor Co (B) | 42206 | 4959 |
| &nbsp;&nbsp;&nbsp;LG Electronics Inc(B) | 36776 | 960 |
|  |  | 5919 |
| **Information Technology — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Samsung Electronics Co Ltd(B) | 172206 | 8173 |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;LG Chem Ltd(B) | 11805 | 1166 |
| Total South Korea |  | 15258 |
| Total Preferred Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $35,115) ($ Thousands) |  | 36028 |

---

---

| | | |
|:---|:---|:---|
|  | Face Amount<br> (Thousands) | Face Amount<br> (Thousands) |
| **DEBENTURE BOND — 0.0%** |  |  |
| **Brazil — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Vale SA, Ser 1997 1.641%, <br> 03/31/2174 (C)(D) | BRL | 8 |
| Total Debenture Bond |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $—) ($ Thousands) |  |  |

---

SEI Institutional International Trust 27

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Equity Fund** (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **CASH EQUIVALENT — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust, Government Fund, Institutional Class |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.040%<sup>\*\*†</sup> | 21556795 | $21557 |
| Total Cash Equivalent |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $21,557) ($ Thousands) |  | 21557 |
| Total Investments in Securities — 99.1% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,155,117) ($ Thousands) |  | $1580806 |

---

A list of the open futures contracts held by the Fund at September 30, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type of Contract** | **Number of<br> Contracts** | **Expiration<br> Date** | **Notional Amount<br> (Thousands)** | **Value<br> (Thousands)** | **Unrealized<br> Appreciation(Thousands)** |
| Long Contracts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;MSCI Emerging Markets | 271 | Dec-2025 | $18339 | $18424 | $85 |

---

Percentages are based on Net Assets of $1,595,440 ($ Thousands).

<sup>\*</sup> Non-income producing security.

<sup>\*\*</sup> The rate reported is the 7-day effective yield as of September 30, 2025.

<sup>†</sup> Investment in Affiliated Security (see Note 5).

<sup>‡</sup> Real Estate Investment Trust.

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

&nbsp;&nbsp;&nbsp;&nbsp;(B) No interest rate available.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(D) Perpetual security with no stated maturity date.

The following is a summary of the level of inputs used as of September 30, 2025, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Level 1<br> ($)** | **Level 2<br> ($)** | | **Level 3**<br> **<sub>($)</sub>(1)** | **Total<br> ($)** |
| &nbsp;&nbsp;&nbsp;Common Stock | 209435 | 1313713 |  | 73 | 1523221 |
| &nbsp;&nbsp;&nbsp;Preferred Stock | 9119 | 26909 |  |  | 36028 |
| &nbsp;&nbsp;&nbsp;Debenture Bond |  |  | ^ |  |  |
| &nbsp;&nbsp;&nbsp;Cash Equivalent | 21557 | – |  | – | 21557 |
| Total Investments in Securities | 240111 | 1340622 |  | 73 | 1580806 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1<br> ($)** | **Level 2<br> ($)** | **Level 3<br> ($)** | **Total<br> ($)** |
| &nbsp;&nbsp;&nbsp;Futures Contracts\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation | 85 |  |  | 85 |
| Total Other Financial Instruments | 85 |  |  | 85 |

---

---

| | |
|:---|:---|
| ^ | This category includes securities with a value of $0. |

---

\* Futures 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 year ended September 30, 2025 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Value<br> 9/30/2024** | **Purchases<br> at Cost** | **Proceeds<br> from Sales** | **Realized Gain<br> (Loss)** | **Change in<br> Unrealized<br> Appreciation<br> (Depreciation)** | **Value<br> 9/30/2025** | **Income** | **Capital Gains** |
| SEI Daily Income Trust, Government Fund, Institutional Class | $15496 | $305972 | $(299911) | $— | $— | $21557 | $592 | $— |

---

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.

28 SEI Institutional International Trust

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**International Fixed Income Fund**

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS — 90.6%** |  |  |  |
| **Australia — 3.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Amcor UK Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.950%, 05/29/2032 | EUR | 650 | $777 |
| &nbsp;&nbsp;&nbsp;Australia Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/21/2033 | AUD | 929 | 633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 03/21/2036 |  | 491 | 323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 12/21/2034 |  | 796 | 498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/21/2047 |  | 627 | 312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 05/21/2041 |  | 1591 | 832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 05/21/2030 |  | 3260 | 2052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 05/21/2028 |  | 2675 | 1717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 06/21/2051 |  | 3447 | 1217 |
| &nbsp;&nbsp;&nbsp;NBN MTN |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 03/15/2033 | EUR | 380 | 479 |
| &nbsp;&nbsp;&nbsp;New South Wales Treasury |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/20/2035 | AUD | 878 | 579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 03/08/2033 |  | 1010 | 563 |
| &nbsp;&nbsp;&nbsp;Queensland Treasury |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 05/21/2035(A) | EUR | 195 | 229 |
| &nbsp;&nbsp;&nbsp;&nbsp;South Australian Government Financing Authority |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 05/24/2038 | AUD | 1002 | 635 |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury Corp of Victoria MTN |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 11/20/2037 |  | 2435 | 1142 |
|  |  |  | 11988 |
| **Austria — 1.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Mondi Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 05/18/2033 | EUR | 200 | 236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Republic of Austria Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.150%, 03/15/2037(A) |  | 645 | 827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.450%, 10/20/2030(A) |  | 283 | 347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.200%, 07/15/2039 |  | 392 | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.150%, 06/20/2044(A) |  | 1004 | 1122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.950%, 02/20/2035(A) |  | 499 | 584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.850%, 05/23/2049(A) |  | 497 | 423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 10/20/2036(A) |  | 544 | 467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/20/2040(A)(B) |  | 497 | 351 |
|  |  |  | 4811 |
| **Belgium — 1.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Anheuser-Busch InBev MTN |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.950%, 03/22/2044 |  | 320 | 364 |
| &nbsp;&nbsp;&nbsp;&nbsp;FLUVIUS System Operator MTN |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 05/02/2034 |  | 400 | 480 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kingdom of Belgium Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 03/28/2041(A) |  | 30 | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 06/22/2045 |  | 378 | 435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 06/22/2055(A) |  | 406 | 421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.450%, 06/22/2043(A) |  | 288 | 321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.100%, 06/22/2035(A) |  | 1610 | 1867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/22/2034(A) |  | 575 | 670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.850%, 10/22/2034(A) |  | 34 | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.700%, 10/22/2029(A) |  | 271 | 321 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.600%, 10/22/2030(A) | 460 | $540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.600%, 06/22/2047(A) | 41 | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;Syensqo |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/28/2035 | 200 | 237 |
|  |  | 5764 |
| **Brazil — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nexa Resources |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 04/09/2034(A) | $200 | 212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Raizen Fuels Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.450%, 03/05/2034(A) | 200 | 194 |
|  |  | 406 |
| **Canada — 5.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alimentation Couche-Tard |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.011%, 02/12/2036 | 234 | 277 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 04/30/2029 | $270 | 278 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada Housing Trust No. 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 09/15/2029(A) | 1225 | 860 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2041 | 523 | 402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 06/01/2035 | 578 | 418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/01/2034 | 598 | 427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 03/01/2030 | 2126 | 1532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 06/01/2033 | 188 | 133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 12/01/2032 | 961 | 670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 06/01/2029 | 3307 | 2348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 12/01/2051 | 1579 | 825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 12/01/2053(C) | 737 | 355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 06/01/2026 | 1433 | 1024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 03/01/2027 | 1274 | 900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.508%, SOFRRATE + 0.930%, 09/11/2027 (D) | $355 | 356 |
| &nbsp;&nbsp;&nbsp;&nbsp;CDP Financial |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.125%, 04/06/2027(A) | 559 | 646 |
| &nbsp;&nbsp;&nbsp;&nbsp;CPPIB Capital MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.200%, 03/04/2034 | 274 | 187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 04/06/2027 | 857 | 978 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gildan Activewear |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.700%, 10/07/2030(A) | $290 | 290 |
| &nbsp;&nbsp;&nbsp;&nbsp;OMERS Finance Trust (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/15/2033 | 284 | 304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/20/2028 | 250 | 251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 01/25/2029 | 250 | 299 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ontario Teachers' Finance Trust MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.100%, 05/19/2028 | 143 | 158 |
| &nbsp;&nbsp;&nbsp;&nbsp;Province of Alberta Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 04/02/2035 | 100 | 118 |
| &nbsp;&nbsp;&nbsp;&nbsp;Province of British Columbia Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.950%, 12/18/2028 | 1653 | 1199 |
| &nbsp;&nbsp;&nbsp;&nbsp;Province of British Columbia Canada MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 05/23/2034 | 380 | 256 |

---

SEI Institutional International Trust 29

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**International Fixed Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Province of Manitoba Canada MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.850%, 08/28/2034 | 119 | $78 |
| &nbsp;&nbsp;&nbsp;&nbsp;Province of Ontario Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.700%, 06/02/2037 | 570 | 440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.650%, 06/02/2041 | 540 | 407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.900%, 12/02/2046 | 1419 | 808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.800%, 06/02/2048 | 1540 | 850 |
| &nbsp;&nbsp;&nbsp;&nbsp;Province of Quebec Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 06/01/2032 | 720 | 609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 12/01/2048 | 635 | 392 |
| &nbsp;&nbsp;&nbsp;Province of Quebec Canada MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 05/02/2034 | 752 | 507 |
| &nbsp;&nbsp;&nbsp;&nbsp;PSP Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 02/27/2035 | 373 | 251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 07/02/2034(A) | 250 | 294 |
|  |  | 20127 |
| **Chile — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, 01/08/2034(A) | $295 | 310 |
| **China — 10.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of China MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.200%, 10/18/2025 | 42100 | 5917 |
| &nbsp;&nbsp;&nbsp;&nbsp;China Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.300%, 08/02/2032 | 4000 | 640 |
| &nbsp;&nbsp;&nbsp;China Development Bank MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.600%, 04/23/2029 | 7510 | 1083 |
| &nbsp;&nbsp;&nbsp;&nbsp;China Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.810%, 09/14/2050 | 12450 | 2247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.120%, 10/25/2052 | 24050 | 3945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.850%, 06/04/2027 | 20810 | 2995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.600%, 09/15/2030 | 20620 | 3025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.550%, 10/15/2028 | 34750 | 5032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.350%, 02/25/2034 | 26550 | 3877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.110%, 08/25/2034 | 4620 | 663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.910%, 07/15/2029 | 6970 | 991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.850%, 05/15/2027 | 14740 | 2084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.740%, 10/15/2029 | 2240 | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;CNPC Global Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.600%, 01/25/2026 | 11940 | 1681 |
| &nbsp;&nbsp;&nbsp;Industrial & Commercial Bank of China MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.200%, 10/25/2025 | 34000 | 4780 |
|  |  | 39277 |
| **Colombia — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Colombian TES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.250%, 02/09/2033 | 3671000 | 1013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750% 09/18/2030 | 1622900 | 366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 03/26/2031 | 8743000 | 1857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 04/28/2028 | 17520500 | 4095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 11/03/2027 | 760200 | 182 |
|  |  | 7513 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| **Czech Republic — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Czech Republic Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 05/30/2035 | 1290 | $57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.950%, 07/30/2037 | 1330 | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 04/24/2040 | 2920 | 93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.200%, 03/13/2031 | 9080 | 376 |
|  |  | 575 |
| **Denmark — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Denmark Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 11/15/2039 | 1533 | 292 |
| **Finland — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Finland Government Bond (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 09/15/2035 | 287 | 335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.950%, 04/15/2055 | 130 | 131 |
|  |  | 466 |
| **France — 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Banque Federative du Credit Mutuel |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, EUSA5 + 2.200%, 06/16/2032 (D) | 300 | 358 |
| &nbsp;&nbsp;&nbsp;Banque Federative du Credit Mutuel MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 02/03/2034 | 300 | 358 |
| &nbsp;&nbsp;&nbsp;BNP Paribas |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.176%, SOFRRATE + 1.520%, 01/09/2030 (A)(D) | $390 | 400 |
| &nbsp;&nbsp;&nbsp;BNP Paribas MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, EUR003M + 1.600%, 11/13/2032 (D) | 300 | 378 |
| &nbsp;&nbsp;&nbsp;BPCE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.125%, EUSA5 + 2.050%, 10/13/2046 (D) | 1400 | 1484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 01/20/2026(A) | $950 | 940 |
| &nbsp;&nbsp;&nbsp;BPCE MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, EUR003M + 1.450%, 03/08/2033 (D) | 1100 | 1331 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Agricole MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, EUAMDB05 + 4.207% (D)(E) | 400 | 497 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Agricole Assurances |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 09/27/2048(D) | 200 | 245 |
| &nbsp;&nbsp;&nbsp;&nbsp;Electricite de France MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, EUSA5 + 4.860% (D)(E) | 600 | 774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, BPISDS15 + 3.323% (D)(E) | 400 | 532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 01/25/2043 | 900 | 1049 |
| &nbsp;&nbsp;&nbsp;Engie MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 09/06/2042 | 300 | 358 |
| &nbsp;&nbsp;&nbsp;French Republic Government Bond OAT (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 05/25/2042 | 1439 | 1610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 05/25/2055 | 1268 | 1221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 02/25/2029 | 719 | 853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 02/25/2030 | 269 | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/24/2026 | 112 | 132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/24/2027 | 2027 | 2397 |

---

30 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Indigo Group SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/18/2030 | 300 | $371 |
| &nbsp;&nbsp;&nbsp;Ubisoft Entertainment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.878%, 11/24/2027 | 500 | 547 |
|  |  | 16152 |
| **Germany — 8.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Bayer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, EUSA5 + 3.896%, 09/25/2083 (D) | 400 | 516 |
| &nbsp;&nbsp;&nbsp;Bundesobligation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 10/11/2029 | 8076 | 9595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/09/2026(B) | 3673 | 4231 |
| &nbsp;&nbsp;&nbsp;Bundesrepublik Deutschland Bundesanleihe |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/04/2037 | 864 | 1132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.600%, 05/15/2041 | 77 | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/15/2035 | 952 | 1103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 07/04/2044 | 1249 | 1335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.200%, 02/15/2034 | 2417 | 2756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 08/15/2028 | 620 | 692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/15/2030(B) | 530 | 566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 08/15/2030(B) | 3326 | 3505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 05/15/2035(B) | 700 | 636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 08/15/2052(B) | 546 | 272 |
| &nbsp;&nbsp;&nbsp;Bundesrepublik Deutschland Bundesanleihe, Ser 03 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 07/04/2034 | 210 | 288 |
| &nbsp;&nbsp;&nbsp;Commerzbank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%(D)(E) | 400 | 503 |
| &nbsp;&nbsp;&nbsp;Commerzbank MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, EUAMDB05 + 5.129% (D)(E) | 200 | 265 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, EUR003M + 2.950%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09/05/2030 (D) | 300 | 376 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 11/19/2030(D) | 900 | 999 |
| &nbsp;&nbsp;&nbsp;Eurogrid GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.056%, 05/28/2037 | 200 | 239 |
| &nbsp;&nbsp;&nbsp;Kreditanstalt fuer Wiederaufbau |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.600%, 06/20/2037 | 207000 | 1545 |
| &nbsp;&nbsp;&nbsp;Mercedes-Benz Finance North America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 11/26/2025(A) | $290 | 291 |
| &nbsp;&nbsp;&nbsp;Sartorius Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 09/14/2035 | 200 | 251 |
| &nbsp;&nbsp;&nbsp;Siemens Financieringsmaatschappij |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 02/22/2037 | 200 | 232 |
| &nbsp;&nbsp;&nbsp;Volkswagen International Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%(D)(E) | 200 | 230 |
| &nbsp;&nbsp;&nbsp;Wintershall Dea Finance 2 BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%(D)(E) | 500 | 566 |
|  |  | 32209 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (Thousands) | Face Amount (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |  |
| **Greece — 0.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Hellenic Republic Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 06/15/2035(A) | EUR | 344 | $412 |
| **Hungary — 0.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Hungary Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 10/24/2035 | HUF | 25180 | 77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 11/24/2032 |  | 18630 | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/23/2028 |  | 115200 | 333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/27/2038 |  | 4830 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 05/23/2029 |  | 3270 | 8 |
|  |  |  | 478 |
| **Iceland — 0.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Iceland Rikisbref |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 01/24/2031 | ISK | 117539 | 948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 02/15/2038 |  | 7453 | 60 |
|  |  |  | 1008 |
| **Indonesia — 2.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Indonesia Treasury Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.750%, 05/15/2031 | IDR | 7551000 | 517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 03/15/2034 |  | 33855000 | 2306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 06/15/2035 |  | 2305000 | 149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 05/15/2048 |  | 11760000 | 739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 09/15/2030 |  | 10814000 | 688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 07/15/2035 |  | 7172000 | 442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 02/15/2034 |  | 4177000 | 255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 02/15/2031 |  | 11940000 | 746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 08/15/2028 |  | 19526000 | 1208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 04/15/2026 |  | 5497000 | 330 |
|  |  |  | 7380 |
| **Ireland — 0.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Ireland Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.150%, 10/18/2055 | EUR | 149 | 158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.113%, 10/18/2031 |  | 364 | 366 |
|  |  |  | 524 |
| **Israel — 0.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Israel Government Bond - Fixed |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 03/31/2030 | ILS | 593 | 159 |
| **Italy — 3.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;ASTM MTN |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 11/25/2033 | EUR | 620 | 656 |
| &nbsp;&nbsp;&nbsp;Autostrade per l'Italia |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 01/15/2030 |  | 545 | 612 |
| &nbsp;&nbsp;&nbsp;Autostrade per l'Italia MTN |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 01/25/2032 |  | 720 | 787 |
| &nbsp;&nbsp;&nbsp;Intesa Sanpaolo MTN |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 05/19/2030 |  | 275 | 350 |
| &nbsp;&nbsp;&nbsp;Italy Buoni Poliennali Del Tesoro |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.650%, 10/01/2055(A) |  | 525 | 637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.100%, 04/30/2046(A) |  | 222 | 260 |

---

SEI Institutional International Trust 31

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**International Fixed Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount<br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.850%, 10/01/2040(A) | 1960 | $2276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.350%, 07/01/2029 | 3796 | 4586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.100%, 08/28/2026 | 763 | 905 |
| &nbsp;&nbsp;&nbsp;UniCredit |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.127%, H15T1Y + 1.550%, 06/03/2032 (A)(D) | $305 | 281 |
|  |  | 11350 |
| **Japan — 12.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Development Bank of Japan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.300%, 03/19/2026 | 150000 | 1023 |
| &nbsp;&nbsp;&nbsp;East Japan Railway MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.533%, 09/04/2036 | 330 | 387 |
| &nbsp;&nbsp;&nbsp;Japan Government Forty Year Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.200%, 03/20/2064 | 282600 | 1468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.400%, 03/20/2055 | 430350 | 1980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 03/20/2062 | 301050 | 1094 |
| &nbsp;&nbsp;&nbsp;Japan Government Ten Year Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.900%, 09/20/2034 | 87900 | 561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 12/20/2032 | 617550 | 3914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.100%, 09/20/2027 | 440950 | 2938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.100%, 12/20/2031 | 277950 | 1742 |
| &nbsp;&nbsp;&nbsp;Japan Government Thirty Year Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.800%, 06/20/2055 | 76250 | 490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.400%, 03/20/2055 | 168800 | 996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.300%, 03/20/2040 | 689850 | 4751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.300%, 12/20/2054 | 146350 | 845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 09/20/2054 | 89050 | 492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.800%, 09/20/2053 | 261000 | 1355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.800%, 03/20/2054 | 40000 | 206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.800%, 09/20/2047 | 126100 | 585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.700%, 12/20/2051 | 241000 | 953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.400%, 12/20/2049 | 455650 | 1767 |
| &nbsp;&nbsp;&nbsp;Japan Government Thirty Year Bond, Ser 29 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.400%, 09/20/2038 | 50650 | 358 |
| &nbsp;&nbsp;&nbsp;Japan Government Thirty Year Bond, Ser 30 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.300%, 03/20/2039 | 134600 | 937 |
| &nbsp;&nbsp;&nbsp;Japan Government Thirty Year Bond, Ser 36 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 03/20/2042 | 341300 | 2203 |
| &nbsp;&nbsp;&nbsp;Japan Government Twenty Year Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.800%, 09/20/2031 | 385500 | 2680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.700%, 06/20/2033 | 537550 | 3697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.400%, 09/20/2034 | 263300 | 1755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.900%, 06/20/2042 | 489800 | 2648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 09/20/2036 | 284050 | 1680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.200%, 06/20/2036 | 89650 | 516 |
| &nbsp;&nbsp;&nbsp;Japan Government Twenty Year Bond, Ser 144 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 03/20/2033 | 24900 | 169 |
| &nbsp;&nbsp;&nbsp;Japan Government Two Year Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.800%, 03/01/2027 | 517450 | 3500 |
| &nbsp;&nbsp;&nbsp;NTT Finance (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.091%, 07/16/2037 | 164 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.678%, 07/16/2033 | 221 | 264 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.162%, 04/03/2026 | $345 | $339 |
|  |  | 48491 |
| **Luxembourg — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Eurofins Scientific |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 09/06/2030 | 660 | 827 |
| &nbsp;&nbsp;&nbsp;JAB Holdings BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 06/29/2032 | 300 | 377 |
| &nbsp;&nbsp;&nbsp;SES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 06/24/2033 | 140 | 171 |
|  |  | 1375 |
| **Malaysia — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Malaysia Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.642%, 11/07/2033 | 242 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.457%, 03/31/2053 | 182 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.392% 04/15/2026 | 2692 | 645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.232%, 06/30/2031 | 2295 | 570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.065%, 06/15/2050 | 657 | 160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.906%, 07/15/2026 | 2953 | 708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.885%, 08/15/2029 | 3948 | 960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.828%, 07/05/2034 | 3399 | 829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.757%, 05/22/2040 | 1066 | 254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.733%, 06/15/2028 | 1992 | 481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.582%, 07/15/2032 | 459 | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.519%, 04/20/2028 | 4122 | 988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.502% 05/31/2027 | 7818 | 1871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.632%, 04/15/2031 | 1040 | 238 |
|  |  | 7923 |
| **Mexico — 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Eagle Funding Luxco Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 08/17/2030(A) | $1800 | 1826 |
| &nbsp;&nbsp;&nbsp;Mexican Bonos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 02/28/2030(C) | 2733 | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 11/07/2047 | 30857 | 1476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 07/31/2053 | 31380 | 1488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 11/23/2034 | 30881 | 1593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 11/13/2042 | 35367 | 1678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500% 06/03/2027 | 18731 | 1021 |
| &nbsp;&nbsp;&nbsp;Mexican Bonos, Ser M30 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000% 11/20/2036 | 37161 | 2194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 11/18/2038 | 6240 | 327 |
| &nbsp;&nbsp;&nbsp;Mexico Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/15/2115 | 2530 | 2085 |
| &nbsp;&nbsp;&nbsp;Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.700%, 02/16/2032 | $57 | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/26/2029 | 4052 | 4789 |
|  |  | 18684 |
| **Netherlands — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%(D)(E) | 200 | 236 |

---

32 SEI Institutional International Trust

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cooperatieve Rabobank UA MTN 4.625%, EUR003M + 1.550%, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01/27/2028 (D) | EUR | 200 | $242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 05/31/2032 |  | 300 | 320 |
| &nbsp;&nbsp;&nbsp;CTP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 03/10/2035 |  | 160 | 189 |
| &nbsp;&nbsp;&nbsp;Kingdom of Netherlands |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 01/15/2042(A) |  | 670 | 840 |
| &nbsp;&nbsp;&nbsp;Koninklijke KPN |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 02/17/2035 |  | 200 | 231 |
| &nbsp;&nbsp;&nbsp;Nederlandse Waterschapsbank MTN |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 11/16/2026(B) |  | 432 | 496 |
| &nbsp;&nbsp;&nbsp;Netherlands Government Bond (A) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/15/2037 |  | 236 | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 01/15/2030 |  | 1885 | 2229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 01/15/2033 |  | 2779 | 3239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 07/15/2034 |  | 79 | 91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 07/15/2035 |  | 633 | 721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.240%, 01/15/2038 |  | 1554 | 1256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/15/2030(B) |  | 256 | 268 |
|  |  |  | 10663 |
| **New Zealand — 2.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;New Zealand Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2054 | NZD | 38 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/15/2027 |  | 2750 | 1639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/15/2030 |  | 3039 | 1850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/15/2035 |  | 324 | 193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 04/20/2029 |  | 813 | 470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 04/15/2037 |  | 349 | 172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 05/15/2041 |  | 231 | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 05/15/2031 |  | 130 | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 05/15/2028 |  | 2725 | 1476 |
| &nbsp;&nbsp;&nbsp;New Zealand Government Inflation Linked Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/20/2035 |  | 1905 | 1491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/20/2040 |  | 722 | 532 |
| &nbsp;&nbsp;&nbsp;New Zealand Local Government Funding Agency Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/15/2027 |  | 803 | 478 |
|  |  |  | 8480 |
| **Norway — 1.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Norway Government Bond (A) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 06/12/2035 | NOK | 1252 | 122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 05/31/2039 |  | 845 | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.125%, 05/18/2032 |  | 4654 | 417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 04/26/2028 |  | 2624 | 251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 02/17/2027 |  | 13580 | 1324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 09/06/2029 |  | 7731 | 715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 02/19/2026 |  | 3578 | 355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.375%, 08/19/2030 |  | 13903 | 1238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 09/17/2031 |  | 13740 | 1183 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Var Energi |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.862%, EUAMDB05 + 4.765%, 11/15/2083 (D) | EUR | 410 | $534 |
|  |  |  | 6220 |
| **Poland — 1.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Republic of Poland Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 10/25/2033 | PLN | 3028 | 875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/25/2034 |  | 3746 | 1005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 08/25/2036 |  | 14359 | 3807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 04/25/2032 |  | 719 | 162 |
|  |  |  | 5849 |
| **Portugal — 0.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Portugal Obrigacoes do Tesouro OT (A) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 02/15/2030 | EUR | 258 | 322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 06/12/2054 |  | 139 | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/15/2035 |  | 201 | 234 |
|  |  |  | 710 |
| **Romania — 1.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Romania Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.900%, 02/24/2038 | RON | 115 | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 04/25/2035 |  | 305 | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.300%, 04/26/2028 |  | 915 | 206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.850%, 07/25/2029 |  | 955 | 203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 10/11/2034 |  | 795 | 154 |
| &nbsp;&nbsp;&nbsp;Romanian Government International Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.625%, 12/02/2040 | EUR | 2340 | 1759 |
| &nbsp;&nbsp;&nbsp;Romanian Government International Bond MTN |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 02/22/2036 |  | 425 | 486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 01/28/2050 |  | 1030 | 760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 04/14/2041 |  | 2314 | 1752 |
|  |  |  | 5416 |
| **Singapore — 0.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Singapore Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/01/2027 | SGD | 390 | 311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 09/01/2030 |  | 139 | 114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 10/01/2051 |  | 157 | 118 |
|  |  |  | 543 |
| **Slovak Republic — 0.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Slovakia Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/19/2032 | EUR | 389 | 484 |
| **Slovenia — 0.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Slovenia Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 03/22/2027 |  | 556 | 647 |
| **South Africa — 0.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Republic of South Africa Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875%, 02/28/2035 | ZAR | 26296 | 1495 |

---

SEI Institutional International Trust 33

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**International Fixed Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 03/31/2032 | 12492 | $714 |
|  |  | 2209 |
| **South Korea — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Korea Treasury Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 06/10/2034 | 169850 | 126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 06/10/2032 | 570570 | 418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 09/10/2027 | 1343810 | 968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 06/10/2031 | 1868160 | 1275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 06/10/2029 | 450460 | 312 |
|  |  | 3099 |
| **Spain — 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco Santander |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 07/10/2029 | 400 | 433 |
| &nbsp;&nbsp;&nbsp;Banco Santander MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, EUSA5 + 2.850%, 08/23/2033 (D) | 300 | 376 |
| &nbsp;&nbsp;&nbsp;CaixaBank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 01/11/2027 | 300 | 348 |
| &nbsp;&nbsp;&nbsp;CaixaBank MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, EUR003M + 1.650%, 07/19/2029 (D) | 200 | 249 |
| &nbsp;&nbsp;&nbsp;Cepsa Finance MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 04/11/2031 | 600 | 723 |
| &nbsp;&nbsp;&nbsp;Repsol E&P Capital Markets US |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.204%, 09/16/2030(A) | $200 | 201 |
| &nbsp;&nbsp;&nbsp;Spain Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 01/31/2041(A) | 520 | 596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.450%, 10/31/2034(A) | 1429 | 1719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.450%, 07/30/2043(A) | 380 | 426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.700%, 01/31/2030 | 2129 | 2522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.400%, 05/31/2028 | 352 | 415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.900%, 10/31/2052(A) | 653 | 502 |
|  |  | 8510 |
| **Supra-National — 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Asian Development Bank MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.350%, 06/21/2027 | 350000 | 2430 |
| &nbsp;&nbsp;&nbsp;European Investment Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 06/07/2032 | 768 | 1106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.900%, 01/26/2026 | 50000 | 340 |
| &nbsp;&nbsp;&nbsp;European Union |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 12/12/2035 | 2330 | 2788 |
| &nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.200%, 04/21/2033 | 2689 | 1730 |
|  |  | 8394 |
| **Sweden — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Sweden Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 11/11/2033 | 2375 | 239 |
| &nbsp;&nbsp;&nbsp;Sweden Inflation Linked Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%, 12/01/2027 | 2615 | 473 |
|  |  | 712 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| **Switzerland — 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Government of Switzerland |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/08/2033 | 1664 | $2623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 04/30/2042 | 316 | 468 |
| &nbsp;&nbsp;&nbsp;Swisscom Finance BV MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 11/29/2031 | 460 | 553 |
| &nbsp;&nbsp;&nbsp;Tyco Electronics Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 01/31/2033 | 247 | 289 |
| &nbsp;&nbsp;&nbsp;UBS Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.250%, H15T5Y + 4.745% (A)(D)(E) | $237 | 261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, EUAMDB01 + 4.950%, 03/01/2029 (D) | 995 | 1303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, USISSO05 + 3.296% (A)(D)(E) | $300 | 306 |
| &nbsp;&nbsp;&nbsp;UBS Group MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, EUAMDB01 + 1.150%, 03/17/2028 (D) | 265 | 321 |
|  |  | 6124 |
| **Thailand — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Thailand Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.675%, 06/29/2044 | 2840 | 125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.400%, 11/17/2027 | 19022 | 602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 12/17/2031 | 1865 | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 06/17/2049 | 9892 | 290 |
|  |  | 1077 |
| **United Kingdom — 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Barclays (E) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.250%, BPSWS5 + 5.639% (D) | 350 | 509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875%, GUKG5 + 6.955% (D) | 210 | 298 |
| &nbsp;&nbsp;&nbsp;Barclays MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.262%, EUSA1 + 2.550%, 01/29/2034 (D) | 250 | 324 |
| &nbsp;&nbsp;&nbsp;Cadent Finance MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 04/16/2033 | 390 | 462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 03/11/2032 | 355 | 352 |
| &nbsp;&nbsp;&nbsp;Centrica |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, GUKG5 + 2.512%, 05/21/2055 (D) | 350 | 482 |
| &nbsp;&nbsp;&nbsp;Centrica MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 03/13/2029 | 179 | 239 |
| &nbsp;&nbsp;&nbsp;DS Smith MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 07/27/2030 | 440 | 546 |
| &nbsp;&nbsp;&nbsp;HSBC Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.364%, EUSA5 + 3.300%, 11/16/2032 (D) | 249 | 313 |
| &nbsp;&nbsp;&nbsp;Informa |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, 06/09/2031 | 200 | 236 |
| &nbsp;&nbsp;&nbsp;Motability Operations Group MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 01/24/2034 | 320 | 380 |
| &nbsp;&nbsp;&nbsp;National Grid MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.275%, 01/16/2035 | 370 | 452 |
| &nbsp;&nbsp;&nbsp;United Kingdom Gilt |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 09/07/2034 | 327 | 436 |

---

34 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/07/2035 | 333 | $441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 07/31/2054 | 1157 | 1303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 06/07/2032 | 398 | 534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 07/31/2034 | 692 | 906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 12/07/2049 | 393 | 444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/22/2063 | 921 | 948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 03/07/2027 | 722 | 969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 01/29/2038 | 129 | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 01/22/2045 | 513 | 535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 07/31/2051 | 3049 | 1714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 01/31/2029 | 354 | 426 |
| &nbsp;&nbsp;&nbsp;United Kingdom Inflation-Linked Gilt |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.125%, 09/22/2035 | 1702 | 2261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 11/22/2033 | 462 | 646 |
|  |  | 16310 |
| **United States — 4.8%** |  |  |
| &nbsp;&nbsp;&nbsp;American Express |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.731%, SOFRRATE + 1.260%, 04/25/2029 (D) | $165 | 168 |
| &nbsp;&nbsp;&nbsp;American National Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 07/15/2035 | 210 | 214 |
| &nbsp;&nbsp;&nbsp;Amgen |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.150%, 03/02/2028 | 205 | 210 |
| &nbsp;&nbsp;&nbsp;Aptiv Swiss Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 06/11/2036 | 291 | 341 |
| &nbsp;&nbsp;&nbsp;AT&T |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.650%, 02/01/2028 | $870 | 824 |
| &nbsp;&nbsp;&nbsp;Avery Dennison |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/11/2035 | 100 | 118 |
| &nbsp;&nbsp;&nbsp;Bank of America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.623%, SOFRRATE + 1.110%, 05/09/2029 (D) | $280 | 283 |
| &nbsp;&nbsp;&nbsp;Becton Dickinson |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.828%, 06/07/2032 | 291 | 351 |
| &nbsp;&nbsp;&nbsp;Charter Communications Operating |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.700%, 12/01/2055 | $69 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.850%, 12/01/2035 | 155 | 156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.800%, 03/01/2050 | 630 | 499 |
| &nbsp;&nbsp;&nbsp;Citadel Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.900%, 02/10/2030(A) | 1000 | 1015 |
| &nbsp;&nbsp;&nbsp;Citigroup |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.296%, EUR003M + 1.611%, 07/23/2036 (D) | 130 | 156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.113%, EUR003M + 1.582%, 04/29/2036 (D) | 380 | 460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, H15T5Y + 3.597% (D)(E) | $71 | 71 |
| &nbsp;&nbsp;&nbsp;Columbia Pipelines Holding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.055%, 08/15/2026(A) | 120 | 122 |
| &nbsp;&nbsp;&nbsp;Comcast |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 09/14/2026(B) | 450 | 517 |
| &nbsp;&nbsp;&nbsp;Diamondback Energy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.200%, 04/18/2027 | $470 | 477 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Energy Transfer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.200%, 04/01/2030 | $55 | $57 |
| &nbsp;&nbsp;&nbsp;First Citizens BancShares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.254%, H15T5Y + 1.970%, 03/12/2040 (D) | 400 | 405 |
| &nbsp;&nbsp;&nbsp;Fiserv Funding ULC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/15/2036 | 193 | 227 |
| &nbsp;&nbsp;&nbsp;Ford Motor Credit |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 05/15/2028 | 205 | 257 |
| &nbsp;&nbsp;&nbsp;Foundry JV Holdco |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.100%, 01/25/2036(A) | $610 | 648 |
| &nbsp;&nbsp;&nbsp;Global Payments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 03/17/2031 | 359 | 443 |
| &nbsp;&nbsp;&nbsp;GLP Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 11/01/2037 | $541 | 537 |
| &nbsp;&nbsp;&nbsp;Huntington Bancshares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.141%, H15T5Y + 1.700%, 11/18/2039 (D) | 200 | 208 |
| &nbsp;&nbsp;&nbsp;Intel |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.600%, 02/21/2054 | 406 | 390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 02/10/2026 | 250 | 250 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.070%, SOFRRATE + 1.330%, 10/22/2027 (D) | 230 | 235 |
| &nbsp;&nbsp;&nbsp;Kroger |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.650%, 09/15/2064 | 122 | 119 |
| &nbsp;&nbsp;&nbsp;Kyndryl Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.050%, 10/15/2026 | 455 | 444 |
| &nbsp;&nbsp;&nbsp;Medtronic |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.150%, 10/15/2043 | 428 | 504 |
| &nbsp;&nbsp;&nbsp;Medtronic Global Holdings SCA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.125%, 03/07/2027 | 400 | 462 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.813%, EUR003M + 1.762%, 10/25/2028 (D) | 435 | 534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.099%, EUR003M + 1.553%, 05/22/2036 (D) | 260 | 315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.790%, EUR003M + 1.037%, 03/21/2030 (D) | 136 | 164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.521%, EUR003M + 1.315%, 05/22/2031 (D) | 110 | 132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.406%, 10/29/2027(D) | 370 | 426 |
| &nbsp;&nbsp;&nbsp;MSD Netherlands Capital BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 05/30/2037 | 190 | 221 |
| &nbsp;&nbsp;&nbsp;New York Life Global Funding MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/06/2029(A) | $369 | 380 |
| &nbsp;&nbsp;&nbsp;Oncor Electric Delivery |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 06/15/2034 | 140 | 165 |
| &nbsp;&nbsp;&nbsp;ONEOK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 09/24/2027 | $600 | 601 |
| &nbsp;&nbsp;&nbsp;Oracle |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, 09/26/2055 | 180 | 179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.200%, 09/26/2035 | 310 | 312 |

---

SEI Institutional International Trust 35

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**International Fixed Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Pfizer Investment Enterprises Pte |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.450%, 05/19/2026 | $340 | $341 |
| &nbsp;&nbsp;&nbsp;Realty Income |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 07/06/2034 | 114 | 148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 06/20/2035 | 152 | 179 |
| &nbsp;&nbsp;&nbsp;Royalty Pharma |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.900%, 09/02/2054 | $200 | 199 |
| &nbsp;&nbsp;&nbsp;Santander Holdings USA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.174%, SOFRRATE + 2.500%, 01/09/2030 (D) | 199 | 207 |
| &nbsp;&nbsp;&nbsp;Southern |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 03/15/2029 | 320 | 333 |
| &nbsp;&nbsp;&nbsp;State Street |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.272%, 08/03/2026 | 225 | 227 |
| &nbsp;&nbsp;&nbsp;Thermo Fisher Scientific Finance I BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 11/18/2025(B) | 206 | 241 |
| &nbsp;&nbsp;&nbsp;Veralto |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 09/18/2026 | $335 | 339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.150%, 09/19/2031 | 100 | 122 |
| &nbsp;&nbsp;&nbsp;Verizon Communications |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 03/22/2028 | $445 | 424 |
| &nbsp;&nbsp;&nbsp;Wells Fargo |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.900%, H15T5Y + 3.453% (D)(E) | 91 | 90 |
| &nbsp;&nbsp;&nbsp;WP Carey |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.700%, 11/19/2034 | 218 | 252 |
| &nbsp;&nbsp;&nbsp;Zions Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.816%, SOFRRATE + 2.830%, 11/19/2035 (D) | $250 | 266 |
|  |  | 18035 |
| Total Global Bonds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $344,745) ($ Thousands) |  | 341156 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount (Thousands) | Market Value ($ Thousands) |
| **U.S. TREASURY OBLIGATIONS — 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bill |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.049%, 10/09/2025 (F) | $9306 | $9298 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 04/15/2030 | 2073 | 2136 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Note |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 04/30/2027 | 5220 | 5227 |
| Total U.S. Treasury Obligations |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $16,606) ($ Thousands) |  | 16661 |
| **MORTGAGE-BACKED SECURITIES — 1.1%** |  |  |
| **Non-Agency Mortgage-Backed Obligations — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-6, Cl 3A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.290%, 09/25/2034(D) | 5 | 5 |
| &nbsp;&nbsp;&nbsp;FNMA 30 Year TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 10/15/2055 | 4000 | 4033 |
| &nbsp;&nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2004-A5, Cl 3A1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.878%, 12/25/2034(D) | 11 | 10 |
| Total Mortgage-Backed Securities |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $4,054) ($ Thousands) |  | 4048 |
| Total Investments in Securities — 96.1% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $365,405) ($ Thousands) |  | $361865 |

---

A list of the open futures contracts held by the Fund at September 30, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type of Contract** | **Number of <br> Contracts** | **Expiration <br> Date** | **Notional Amount <br> (Thousands)** | **Value <br> (Thousands)** | **Unrealized Appreciation <br> (Depreciation)(Thousands)** |
| Long Contracts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Australian 3-Year Bond | 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | $355 | $354 | $(1) |
| &nbsp;&nbsp;&nbsp;Canadian 10-Year Bond | 48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 4161 | 4225 | 90 |
| &nbsp;&nbsp;&nbsp;Euro-Bobl | 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 1106 | 1108 | (1) |
| &nbsp;&nbsp;&nbsp;Euro-BTP | 11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 1522 | 1549 | 16 |
| &nbsp;&nbsp;&nbsp;Euro-Bund 10-Year Bond | 46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 6881 | 6949 | 28 |
| &nbsp;&nbsp;&nbsp;Euro-OAT | 28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 3919 | 3993 | 44 |
| &nbsp;&nbsp;&nbsp;Euro-Schatz | 82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 10243 | 10308 | (11) |
| &nbsp;&nbsp;&nbsp;Japanese 10-Year Bond | 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 7457 | 7356 | (72) |
| &nbsp;&nbsp;&nbsp;Korea 10-Year Bond | 37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 3167 | 3096 | (38) |
| &nbsp;&nbsp;&nbsp;Korea 3-Year Bond | 70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 5413 | 5328 | (28) |
| &nbsp;&nbsp;&nbsp;Long Gilt 10-Year Bond | 46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 5618 | 5626 | 5 |
| &nbsp;&nbsp;&nbsp;U.S. 2-Year Treasury Note | 144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 30024 | 30009 | (15) |
| &nbsp;&nbsp;&nbsp;U.S. 10-Year Treasury Note | 41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | 4599 | 4612 | 13 |
|  |  |  | 84465 | 84513 | 30 |
| Short Contracts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Australian 10-Year Bond | (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | $(75) | $(75) | $- |

---

36 SEI Institutional International Trust

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type of Contract** | **Number of <br> Contracts** | **Expiration <br> Date** | **Notional Amount <br> (Thousands)** | **Value <br> (Thousands)** | **Unrealized Appreciation <br> (Depreciation)(Thousands)** |
| &nbsp;&nbsp;&nbsp;Euro-Bund 10-Year Bond | (22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | $(3279) | $(3324) | $(20) |
| &nbsp;&nbsp;&nbsp;Euro-Buxl | (8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | (1043) | (1076) | (25) |
| &nbsp;&nbsp;&nbsp;Euro-OAT | (54) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | (7573) | (7700) | (70) |
| &nbsp;&nbsp;&nbsp;Euro-Schatz | (26) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | (3247) | (3268) | 3 |
| &nbsp;&nbsp;&nbsp;Japanese 10-Year Bond | (18) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | (16678) | (16550) | 121 |
| &nbsp;&nbsp;&nbsp;U.S. 2-Year Treasury Note | (17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | (3541) | (3543) | (2) |
| &nbsp;&nbsp;&nbsp;U.S. 5-Year Treasury Note | (133) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | (14544) | (14523) | 21 |
| &nbsp;&nbsp;&nbsp;U.S. 10-Year Treasury Note | (6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | (675) | (675) |  |
| &nbsp;&nbsp;&nbsp;U.S. Long Treasury Bond | (13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | (1486) | (1516) | (30) |
| &nbsp;&nbsp;&nbsp;U.S. Ultra Long Treasury Bond | (102) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | (12042) | (12247) | (205) |
| &nbsp;&nbsp;&nbsp;Ultra 10-Year U.S. Treasury Note | (43) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dec-2025 | (4899) | (4949) | (50) |
|  |  |  | (69082) | (69446) | (257) |
|  |  |  | $15383 | $15067 | $(227) |

---

A list of the open forward foreign currency contracts held by the Fund at September 30, 2025, is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency to Deliver<br> (Thousands)** | **Currency to Deliver<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| Banco Bilbao Vizcaya Argentaria | 10/16/25 | COP | 4292449 | USD | 1103 | $9 |
| Bank of America | 10/16/25 | ZAR | 358 | USD | 20 | (1) |
| Bank of America | 10/16/25 | USD | 462 | CLP | 440126 | (4) |
| Bank of America | 10/16/25 | USD | 954 | GBP | 700 | (12) |
| Bank of America | 10/16/25 | USD | 1830 | KRW | 2488556 | (55) |
| Bank of America | 10/16/25 | COP | 608067 | USD | 156 | 1 |
| Bank of America | 11/04/25 | EUR | 1510 | USD | 1777 | (1) |
| Barclays PLC | 10/16/25 | USD | 346 | CNH | 2462 | (1) |
| Barclays PLC | 10/16/25 | USD | 1210 | JPY | 178480 | 1 |
| Barclays PLC | 10/16/25 | GBP | 1799 | EUR | 2080 | 24 |
| Barclays PLC | 10/16/25 | GBP | 920 | EUR | 1051 | (3) |
| Barclays PLC | 10/16/25 | MXN | 7344 | USD | 385 | (14) |
| Barclays PLC | 10/16/25 | COP | 1771826 | USD | 459 | 7 |
| Barclays PLC | 11/04/25 | USD | 58 | RON | 250 |  |
| Barclays PLC | 11/04/25 | AUD | 1209 | USD | 798 | (3) |
| Barclays PLC | 11/04/25 | CZK | 11230 | USD | 547 | 4 |
| Barclays PLC | 11/04/25 | THB | 37420 | USD | 1177 | 18 |
| Barclays PLC | 12/01/25 | AUD | 759 | USD | 501 | (2) |
| Barclays PLC | 12/01/25 | CAD | 1672 | USD | 1213 | 8 |
| BMO Capital | 11/04/25 | CAD | 10 | USD | 7 |  |
| BMO Capital | 01/07/26 | CAD | 1682 | USD | 1222 | 8 |
| BMO Capital | 01/07/26 | CNY | 47029 | USD | 6661 | 4 |
| BNP Paribas | 10/16/25 | EUR | 18 | NOK | 216 |  |
| BNP Paribas | 10/16/25 | USD | 122 | CNH | 867 |  |
| BNP Paribas | 10/16/25 | EUR | 206 | USD | 240 | (2) |
| BNP Paribas | 10/16/25 | USD | 1209 | EUR | 1035 | 8 |
| BNP Paribas | 10/16/25 | USD | 1218 | EUR | 1035 | (1) |
| BNP Paribas | 10/16/25 | COP | 612389 | USD | 157 | 1 |
| BNP Paribas | 11/04/25 | USD | 20 | GBP | 15 |  |
| BNP Paribas | 11/04/25 | USD | 16 | EUR | 14 |  |
| BNP Paribas | 11/04/25 | USD | 9 | EUR | 8 |  |
| BNP Paribas | 11/04/25 | USD | 180 | RON | 775 | (1) |
| BNP Paribas | 11/04/25 | SGD | 708 | USD | 553 | 2 |

---

SEI Institutional International Trust 37

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**International Fixed Income Fund** (Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency to Deliver<br> (Thousands)** | **Currency to Deliver<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| BNP Paribas | 11/04/25 | DKK | 1980 | USD | 314 | $1 |
| BNP Paribas | 12/01/25 | CAD | 10 | USD | 7 |  |
| BNP Paribas | 12/01/25 | USD | 16 | EUR | 14 |  |
| BNP Paribas | 12/01/25 | USD | 9 | EUR | 8 |  |
| BNP Paribas | 12/01/25 | MYR | 3270 | USD | 776 | (3) |
| BNP Paribas | 12/01/25 | CNY | 91478 | USD | 12856 | (68) |
| BNP Paribas | 01/07/26 | USD | 17 | EUR | 14 |  |
| BNP Paribas | 01/07/26 | MYR | 3270 | USD | 782 | 1 |
| Brown Brothers Harriman | 10/16/25 | EUR | 19 | NOK | 224 |  |
| Brown Brothers Harriman | 10/16/25 | USD | 117 | JPY | 16606 | (4) |
| Brown Brothers Harriman | 10/16/25 | USD | 156 | NOK | 1569 | 1 |
| Brown Brothers Harriman | 10/16/25 | AUD | 167 | USD | 110 | (1) |
| Brown Brothers Harriman | 10/16/25 | EUR | 666 | USD | 780 | (3) |
| Brown Brothers Harriman | 10/16/25 | USD | 679 | MXN | 12955 | 27 |
| Brown Brothers Harriman | 10/16/25 | EUR | 1114 | GBP | 959 | (19) |
| Brown Brothers Harriman | 10/16/25 | USD | 2331 | EUR | 2000 | 21 |
| Brown Brothers Harriman | 10/16/25 | USD | 4563 | EUR | 3858 | (25) |
| Citigroup | 10/16/25 | AUD | 106 | USD | 70 |  |
| Citigroup | 10/16/25 | USD | 644 | KRW | 865973 | (26) |
| Citigroup | 10/16/25 | USD | 811 | INR | 71247 | (10) |
| Citigroup | 10/16/25 | USD | 908 | ZAR | 16060 | 22 |
| Citigroup | 10/16/25 | CNH | 5338 | USD | 748 | (2) |
| Citigroup | 10/16/25 | INR | 158355 | USD | 1781 |  |
| Citigroup | 10/16/25 | COP | 673677 | USD | 170 | (2) |
| Citigroup | 11/04/25 | USD | 11 | MXN | 200 |  |
| Citigroup | 11/04/25 | EUR | 55 | USD | 65 |  |
| Citigroup | 11/04/25 | USD | 360 | RON | 1550 | (1) |
| Citigroup | 12/01/25 | USD | 11 | MXN | 200 |  |
| Citigroup | 12/01/25 | EUR | 55 | USD | 65 |  |
| Citigroup | 01/07/26 | EUR | 55 | USD | 65 |  |
| Commonwealth Bank Of Australia | 12/01/25 | USD | 13 | JPY | 1900 |  |
| Credit Agricole | 11/04/25 | JPY | 838500 | USD | 5728 | 29 |
| Credit Agricole | 12/01/25 | NZD | 163 | USD | 95 |  |
| Credit Agricole | 12/01/25 | EUR | 1510 | USD | 1779 | (1) |
| Credit Agricole | 12/01/25 | GBP | 2923 | USD | 3931 | (4) |
| Credit Suisse First Boston | 10/16/25 | COP | 19241430 | USD | 4636 | (268) |
| Deutsche Bank | 11/04/25 | MYR | 50 | USD | 12 |  |
| Deutsche Bank | 11/04/25 | NZD | 220 | USD | 131 | 3 |
| Deutsche Bank | 11/04/25 | SEK | 2320 | USD | 250 | 2 |
| Deutsche Bank | 11/04/25 | EUR | 12153 | USD | 14139 | (170) |
| Deutsche Bank | 12/01/25 | EUR | 13404 | USD | 15619 | (185) |
| Deutsche Bank | 01/07/26 | EUR | 15103 | USD | 17932 | 89 |
| Goldman Sachs | 10/16/25 | USD | 153 | CLP | 146282 | (1) |
| Goldman Sachs | 10/16/25 | USD | 518 | INR | 45501 | (6) |
| Goldman Sachs | 10/16/25 | CNH | 3365 | USD | 472 | (1) |
| Goldman Sachs | 11/04/25 | CHF | 373 | USD | 473 | 2 |
| Goldman Sachs | 11/04/25 | ILS | 525 | USD | 157 | (2) |
| Goldman Sachs | 11/04/25 | PLN | 1975 | USD | 548 | 3 |
| Goldman Sachs | 11/04/25 | HUF | 160200 | USD | 485 | 3 |
| Goldman Sachs | 12/01/25 | MXN | 15670 | USD | 829 | (21) |

---

38 SEI Institutional International Trust

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency to Deliver<br> (Thousands)** | **Currency to Deliver<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| HSBC | 10/16/25 | USD | 28 | KRW | 37407 | $(1) |
| HSBC | 10/16/25 | USD | 53 | IDR | 857850 | (1) |
| HSBC | 10/16/25 | EUR | 574 | NOK | 6837 | 10 |
| HSBC | 10/16/25 | USD | 647 | INR | 56882 | (7) |
| HSBC | 10/16/25 | USD | 752 | CNH | 5340 | (1) |
| HSBC | 10/16/25 | EUR | 1106 | USD | 1307 | 7 |
| HSBC | 10/16/25 | MXN | 4765 | USD | 250 | (9) |
| HSBC | 10/16/25 | ZAR | 54112 | USD | 3021 | (113) |
| JPMorgan Chase Bank | 10/06/25 | USD | 5056 | NZD | 8679 | (17) |
| JPMorgan Chase Bank | 10/06/25 | NZD | 8679 | USD | 5282 | 242 |
| JPMorgan Chase Bank | 10/07/25 | USD | 1056 | PEN | 3697 | 11 |
| JPMorgan Chase Bank | 10/07/25 | PEN | 3697 | USD | 1040 | (27) |
| JPMorgan Chase Bank | 10/14/25 | USD | 64 | JPY | 9413 |  |
| JPMorgan Chase Bank | 10/14/25 | USD | 2307 | JPY | 337464 | (19) |
| JPMorgan Chase Bank | 10/14/25 | USD | 3327 | SEK | 31549 | 31 |
| JPMorgan Chase Bank | 10/14/25 | CAD | 7321 | USD | 5407 | 142 |
| JPMorgan Chase Bank | 10/14/25 | JPY | 2535440 | USD | 17789 | 596 |
| JPMorgan Chase Bank | 10/14/25 | JPY | 27420 | USD | 186 |  |
| JPMorgan Chase Bank | 10/16/25 | EUR | 452 | NOK | 5361 | 6 |
| JPMorgan Chase Bank | 10/20/25 | USD | 1176 | COP | 4747905 | 34 |
| JPMorgan Chase Bank | 10/20/25 | COP | 2168486 | USD | 533 | (20) |
| JPMorgan Chase Bank | 10/27/25 | USD | 781 | MXN | 14715 | 20 |
| JPMorgan Chase Bank | 10/27/25 | MXN | 104606 | USD | 5519 | (172) |
| JPMorgan Chase Bank | 11/03/25 | USD | 1385 | SEK | 13116 | 13 |
| JPMorgan Chase Bank | 11/03/25 | USD | 1639 | IDR | 26901255 | (27) |
| JPMorgan Chase Bank | 11/03/25 | IDR | 77013887 | USD | 4703 | 89 |
| JPMorgan Chase Bank | 11/04/25 | USD | 8 | EUR | 7 |  |
| JPMorgan Chase Bank | 11/04/25 | USD | 20 | JPY | 2900 |  |
| JPMorgan Chase Bank | 11/04/25 | RON | 160 | USD | 37 |  |
| JPMorgan Chase Bank | 11/04/25 | JPY | 1100 | USD | 7 |  |
| JPMorgan Chase Bank | 11/07/25 | PEN | 3697 | USD | 1055 | (12) |
| JPMorgan Chase Bank | 11/10/25 | USD | 84 | PLN | 308 | 1 |
| JPMorgan Chase Bank | 11/10/25 | NOK | 851 | USD | 84 | (2) |
| JPMorgan Chase Bank | 11/10/25 | USD | 1957 | NOK | 20124 | 61 |
| JPMorgan Chase Bank | 11/10/25 | CNY | 3459 | USD | 483 | (5) |
| JPMorgan Chase Bank | 11/10/25 | AUD | 11011 | USD | 7117 | (183) |
| JPMorgan Chase Bank | 11/10/25 | PLN | 18458 | USD | 4914 | (172) |
| JPMorgan Chase Bank | 11/17/25 | ILS | 8562 | USD | 2504 | (89) |
| JPMorgan Chase Bank | 11/17/25 | EUR | 9194 | USD | 10766 | (65) |
| JPMorgan Chase Bank | 11/17/25 | THB | 86817 | USD | 2701 | 11 |
| JPMorgan Chase Bank | 11/17/25 | THB | 2213 | USD | 68 |  |
| JPMorgan Chase Bank | 11/24/25 | USD | 4256 | KRW | 5859554 | (69) |
| JPMorgan Chase Bank | 11/24/25 | NZD | 6539 | USD | 3907 | 104 |
| JPMorgan Chase Bank | 11/24/25 | HUF | 10462 | USD | 31 | (1) |
| JPMorgan Chase Bank | 11/24/25 | KRW | 62349 | USD | 45 |  |
| JPMorgan Chase Bank | 11/25/25 | USD | 1748 | CNY | 12385 | 1 |
| JPMorgan Chase Bank | 11/25/25 | CNY | 51632 | USD | 7237 | (55) |
| JPMorgan Chase Bank | 12/01/25 | USD | 7 | JPY | 1000 |  |
| JPMorgan Chase Bank | 12/01/25 | SGD | 630 | USD | 492 | 1 |
| JPMorgan Chase Bank | 12/01/25 | JPY | 1100 | USD | 7 | – |

---

SEI Institutional International Trust 39

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**International Fixed Income Fund** (Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency to Deliver<br> (Thousands)** | **Currency to Deliver<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| JPMorgan Chase Bank | 12/01/25 | CHF | 4125 | USD | 5154 | $(68) |
| JPMorgan Chase Bank | 12/01/25 | GBP | 1328 | USD | 1795 | 8 |
| JPMorgan Chase Bank | 12/01/25 | GBP | 4855 | USD | 6516 | (21) |
| JPMorgan Chase Bank | 12/01/25 | CZK | 63196 | USD | 3011 | (46) |
| JPMorgan Chase Bank | 12/01/25 | THB | 1058 | USD | 33 |  |
| JPMorgan Chase Bank | 12/01/25 | THB | 83959 | USD | 2585 | (19) |
| JPMorgan Chase Bank | 12/03/25 | EUR | 9296 | USD | 10939 | (23) |
| JPMorgan Chase Bank | 12/05/25 | NZD | 8679 | USD | 5068 | 18 |
| JPMorgan Chase Bank | 12/09/25 | USD | 1580 | CNY | 11181 |  |
| JPMorgan Chase Bank | 12/09/25 | CNY | 1620 | USD | 229 |  |
| JPMorgan Chase Bank | 12/09/25 | EUR | 4308 | USD | 5079 | (3) |
| JPMorgan Chase Bank | 12/15/25 | NZD | 9683 | USD | 5695 | 59 |
| JPMorgan Chase Bank | 12/22/25 | USD | 3311 | SEK | 30820 | (17) |
| JPMorgan Chase Bank | 01/07/26 | USD | 13 | JPY | 1900 |  |
| JPMorgan Chase Bank | 01/07/26 | USD | 1735 | GBP | 1291 | 3 |
| Midland Walwyn Capital Inc. | 11/04/25 | RON | 125 | USD | 29 |  |
| Midland Walwyn Capital Inc. | 11/04/25 | USD | 1734 | GBP | 1291 | 4 |
| Midland Walwyn Capital Inc. | 11/04/25 | MYR | 3640 | USD | 862 | (7) |
| Midland Walwyn Capital Inc. | 12/01/25 | USD | 19 | MYR | 80 |  |
| Midland Walwyn Capital Inc. | 12/01/25 | USD | 1734 | GBP | 1291 | 4 |
| Midland Walwyn Capital Inc. | 01/07/26 | NZD | 163 | USD | 96 | 1 |
| Midland Walwyn Capital Inc. | 01/07/26 | MYR | 290 | USD | 69 |  |
| Morgan Stanley | 10/16/25 | CHF | 40 | USD | 50 |  |
| Morgan Stanley | 10/16/25 | USD | 142 | CNY | 1011 |  |
| Morgan Stanley | 10/16/25 | GBP | 171 | USD | 230 |  |
| Morgan Stanley | 10/16/25 | USD | 358 | AUD | 550 | 7 |
| Morgan Stanley | 10/16/25 | EUR | 400 | USD | 469 | (2) |
| Morgan Stanley | 10/16/25 | CAD | 444 | USD | 320 | 1 |
| Morgan Stanley | 10/16/25 | USD | 1417 | EUR | 1200 | (6) |
| Morgan Stanley | 10/16/25 | NOK | 1544 | USD | 150 | (4) |
| Morgan Stanley | 11/04/25 | USD | 9 | GBP | 7 |  |
| Morgan Stanley | 11/04/25 | MXN | 16160 | USD | 852 | (26) |
| Morgan Stanley | 11/04/25 | JPY | 171900 | USD | 1174 | 6 |
| Morgan Stanley | 12/01/25 | USD | 8 | EUR | 7 |  |
| Morgan Stanley | 12/01/25 | USD | 9 | GBP | 7 |  |
| Morgan Stanley | 01/07/26 | USD | 9 | GBP | 7 |  |
| Morgan Stanley | 01/07/26 | MXN | 11850 | USD | 639 | (1) |
| National Bank of Australia | 11/04/25 | EUR | 63 | USD | 72 | (2) |
| NatWest Markets, Inc. | 10/16/25 | USD | 70 | JPY | 10250 |  |
| RBC | 11/04/25 | USD | 16 | EUR | 14 |  |
| RBC | 12/01/25 | USD | 17 | EUR | 14 |  |
| RBS | 11/04/25 | CAD | 1548 | USD | 1128 | 13 |
| RBS | 12/01/25 | JPY | 993700 | USD | 6787 | 16 |
| SCB Securities | 11/04/25 | RON | 95 | USD |  |  |
| SCB Securities | 01/07/26 | MYR | 440 | USD | 105 |  |
| Skandinavisk Enskil | 10/16/25 | EUR | 1046 | NOK | 12409 | 14 |
| Societe Generale | 11/04/25 | RON | 515 | USD | 120 | 1 |
| Standard Chartered | 10/16/25 | CNY | 104937 | USD | 14766 | (7) |
| State Street | 10/16/25 | USD | 20 | ZAR | 358 | 1 |
| State Street | 10/16/25 | USD | 20 | CHF | 16 | – |

---

40 SEI Institutional International Trust

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency to Deliver<br> (Thousands)** | **Currency to Deliver<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| State Street | 10/16/25 | USD | 40 | MXN | 755 | $1 |
| State Street | 10/16/25 | NOK | 813 | EUR | 70 | 1 |
| State Street | 10/16/25 | GBP | 3046 | USD | 4181 | 81 |
| State Street | 10/16/25 | AUD | 6508 | USD | 4264 | (50) |
| State Street | 10/16/25 | CAD | 7932 | USD | 5838 | 132 |
| State Street | 10/16/25 | EUR | 50318 | USD | 59454 | 272 |
| State Street | 10/16/25 | JPY | 926053 | USD | 6499 | 217 |
| State Street | 11/04/25 | USD | 47 | GBP | 35 |  |
| State Street | 11/04/25 | USD | 123 | EUR | 106 | 1 |
| State Street | 11/04/25 | USD | 134 | CNY | 951 | 1 |
| State Street | 11/04/25 | USD | 114 | JPY | 17000 | 1 |
| State Street | 11/04/25 | USD | 45 | JPY | 6500 |  |
| State Street | 11/04/25 | MXN | 700 | USD | 37 | (1) |
| State Street | 11/04/25 | CNY | 770 | USD | 108 | (1) |
| State Street | 11/04/25 | EUR | 851 | USD | 996 | (6) |
| State Street | 12/01/25 | USD | 45 | GBP | 33 |  |
| State Street | 12/01/25 | USD | 45 | JPY | 6500 |  |
| State Street | 12/01/25 | USD | 64 | EUR | 54 |  |
| State Street | 12/01/25 | MXN | 700 | USD | 37 | (1) |
| TD Securities | 10/16/25 | USD | 66 | ZAR | 1168 | 2 |
| TD Securities | 10/16/25 | USD | 454 | INR | 39866 | (5) |
| TD Securities | 10/16/25 | CHF | 2087 | USD | 2651 | 22 |
| TD Securities | 10/16/25 | SEK | 4158 | USD | 442 | (1) |
| TD Securities | 10/16/25 | INR | 55014 | USD | 619 |  |
| TD Securities | 11/04/25 | AUD | 1210 | USD | 798 | (4) |
| UBS | 10/16/25 | USD | 615 | CLP | 584883 | (6) |
| UBS | 10/16/25 | THB | 881 | USD | 27 |  |
| UBS | 11/04/25 | CAD | 93 | USD | 67 | 1 |
| UBS | 11/04/25 | NOK | 2050 | USD | 208 | 2 |
| UBS | 11/04/25 | RON | 4580 | USD | 1062 | 4 |
| Wells Fargo | 10/16/25 | USD | 221 | CAD | 301 | (4) |
| Wells Fargo | 10/16/25 | EUR | 296 | USD | 350 | 1 |
| Wells Fargo | 10/16/25 | COP | 2224628 | USD | 576 | 9 |
| Wells Fargo | 11/04/25 | GBP | 2764 | USD | 3694 | (27) |
| Westpac Banking | 01/07/26 | GBP | 3015 | USD | 4072 | 14 |
| Westpac Banking | 01/07/26 | JPY | 1043200 | USD | 7143 | 6 |
|  |  |  |  |  |  | $255 |

---

A list of the open OTC swap agreements held by the Fund at September 30, 2025, is as follows:

**Credit Default Swaps**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Entity/ Obligation** | **Buy/Sell <br> Protection** | **(Pays)/Receives <br> Rate** | **Payment <br> Frequency** | **Termination <br> Date** | **Notional <br> Amount <br> (Thousands)** | **Value <br> (Thousands)** | **Upfront <br> Payments/<br> Receipts <br> (Thousands)** | **Net Unrealized <br> Appreciation <br> (Depreciation) <br> (Thousands)** |
| Barclays Bank PLC | MEX (100) JUN-30 | Buy | 1.00% | Quarterly | 06/20/2030 | $846 | $(7) | $14 | $(21) |
| Goldman Sachs | MEX (100) JUN-30 | Buy | 1.00% | Quarterly | 06/20/2030 | 528 | (4) | 9 | (13) |
|  |  |  |  |  |  |  | $(11) | $23 | $(34) |

---

SEI Institutional International Trust 41

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**International Fixed Income Fund** (Concluded)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2025, is as follows:

**Credit Default Swaps**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity/ Obligation** | **Buy/Sell <br> Protection** | **(Pays)/<br> Receives Rate** | **Payment <br> Frequency** | **Termination Date** | **Notional Amount <br> (Thousands)** | **Value (Thousands)** | **Upfront <br> Payments/<br> Receipts <br> (Thousands)** | **Net Unrealized <br> Appreciation <br> (Depreciation) <br> (Thousands)** |
| CDX HY S44 JUN-30 | Sell | 5.00% | Quarterly | 06/20/2030 | $(430) | $34 | $29 | $5 |
| CDX IG S45 DEC-30 | Buy | 1.00% | Quarterly | 12/20/2030 | 2838 | (64) | (65) | 1 |
| CDX IG S45 DEC-30 | Buy | 1.00% | Quarterly | 12/20/2030 | 1892 | (43) | (43) | 0 |
| CDX IG S45 DEC-30 | Buy | 1.00% | Quarterly | 12/20/2030 | 4730 | (107) | (108) | 1 |
| ITRAXX MAIN S44 DEC | Buy | 1.00% | Quarterly | 12/20/2030 | 3821 | (96) | (96) | 0 |
| ITRAXX MAIN S44 DEC | Buy | 1.00% | Quarterly | 12/20/2030 | 1738 | (44) | (44) | 0 |
| ITRAXX MAIN S44 DEC | Buy | 1.00% | Quarterly | 12/20/2030 | 1371 | (35) | (35) | 0 |
| ITRAXX XOVER S43 JU | Buy | 5.00% | Quarterly | 06/20/2030 | 1077 | (134) | (82) | (52) |
| ITRAXX XOVER S43 JU | Buy | 5.00% | Quarterly | 06/20/2030 | 3671 | (459) | (333) | (126) |
|  |  |  |  |  |  | $(948) | $(777) | $(171) |

---

**Interest Rate Swaps**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fund Pays** | **Fund Receives** | **Payment <br> Frequency** | **Termination Date** | **Currency** | **Notional Amount <br> (Thousands)** | **Value (Thousands)** | **Upfront <br> Payments/<br> Receipts <br> (Thousands)** | **Net Unrealized <br> Appreciation <br> (Depreciation) <br> (Thousands)** |
| BRL OVERNIGHT CDI (CETIP) RATE | 13.285% | &nbsp;&nbsp;Annually | 01/02/2031 | BRL | 7544 | $2 | $– | $2 |
| USD-SOFR-COMPOUND | 3.742% | &nbsp;&nbsp;Annually | 01/02/2031 | BRL | 7956 | 3 |  | 3 |
| BRL OVERNIGHT CDI (CETIP) RATE | 13.005% | &nbsp;&nbsp;Annually | 01/02/2031 | BRL | 16000 | (36) |  | (36) |
| China 7-Day Reverse Repo Rate | 1.602% | Quarterly | 08/27/2030 | CNY | 5480 | (2) |  | (2) |
| China 7-Day Reverse Repo Rate | 2.0125% | Quarterly | 06/19/2029 | CNY | 98000 | 199 |  | 199 |
| China 7-Day Reverse Repo Rate | 2.007% | Quarterly | 06/19/2029 | CNY | 85000 | 170 |  | 170 |
| China 7-Day Reverse Repo Rate | 2.0088% | Quarterly | 06/19/2029 | CNY | 3700 | 7 |  | 7 |
| 3-Month CNY - CDC | 2.7895% | Quarterly | 12/24/2029 | CNY | 28220 | (40) |  | (40) |
| GBP OVERNIGHT CDI (CETIP) RATE | 13.005% | &nbsp;&nbsp;Annually | 09/18/2027 | GBP | 24000 | (20) |  | (20) |
| USD-SOFR-COMPOUND | 3.768% | Quarterly | 11/27/2029 | KRW | 844300 | 5 |  | 5 |
| USD-SOFR-COMPOUND | 3.743% | &nbsp;&nbsp;Annually | 05/22/2027 | USD | 15861 | 72 |  | 72 |
| USD OVERNIGHT CDI (CETIP) RATE | 13.28% | &nbsp;&nbsp;Annually | 05/22/2027 | USD | 15959 | 79 |  | 79 |
| 1-DAY SONIA | 3.7346% | &nbsp;&nbsp;Annually | 05/27/2027 | USD | 16000 | 74 |  | 74 |
| China 7-Day Reverse Repo Rate | 3.5978% | &nbsp;&nbsp;Annually | 07/25/2027 | USD | 15770 | 49 |  | 49 |
| USD-SOFR-COMPOUND | 3.5468% | &nbsp;&nbsp;Annually | 09/17/2027 | USD | 3200 | 9 | – | 9 |
|  |  |  |  |  |  | $571 | $– | $571 |

---

Percentages are based on Net Assets of $376,634 ($ 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 September 30, 2025, the value of these securities amounted to $48,899
 ($ Thousands), representing 13.0% of the Net Assets of the Fund.

(B) No
 interest rate available.

(C) Security,
 or a portion thereof, has been pledged as collateral on open futures contracts. The total market value of such securities as of September
 30, 2025 was $878 ($ Thousands).

(D) Variable or
 floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based
 on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using
 a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

(E) Perpetual
 security with no stated maturity date.

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

The following is a summary of the level of inputs used as of September 30, 2025, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Level 1<br> ($)** | **Level 2<br> ($)** | **Level 3<br> ($)** | **Total<br> ($)** |
| &nbsp;&nbsp;&nbsp;Global Bonds |  | 341156 |  | 341156 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Obligations |  | 16661 |  | 16661 |
| &nbsp;&nbsp;&nbsp;Mortgage-Backed Securities |  | 4048 |  | 4048 |
| Total Investments in Securities |  | 361865 |  | 361865 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1<br> ($)** | **Level 2<br> ($)** | **Level 3<br> ($)** | **Total<br> ($)** |
| Futures Contracts\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation | 341 |  |  | 341 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation | (568) |  |  | (568) |
| Forward Contracts\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation |  | 2603 |  | 2603 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation |  | (2348) |  | (2348) |
| OTC Swaps |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Default Swaps\* |  |  |  |  |

---

42 SEI Institutional International Trust

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1<br> ($)** | **Level 2<br> ($)** | **Level 3<br> ($)** | **Total<br> ($)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation |  | (34) |  | (34) |
| &nbsp;&nbsp;&nbsp;Centrally Cleared Swaps |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Default Swaps\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation |  | 7 |  | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation |  | (178) |  | (178) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest Rate Swaps\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation |  | 669 |  | 669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation | – | (98) |  | (98) |
| Total Other Financial Instruments | (227) | 621 |  | 394 |

---

\* 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**

September 30, 2025

**Emerging Markets Debt Fund**

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS — 92.4%** |  |  |
| **Angola — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Angolan Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.375%, 05/08/2048 | $1150 | $986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.750%, 04/14/2032 | 1536 | 1464 |
| &nbsp;&nbsp;&nbsp;Angolan Government International Bond MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 11/26/2029 | 739 | 720 |
| &nbsp;&nbsp;&nbsp;Republic of Angola Via Avenir Issuer II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ireland DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.927%, 02/19/2027 | 1063 | 1031 |
|  |  | 4201 |
| **Argentina — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Argentina Treasury Bond BONTE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.500%, 05/30/2030 | 940000 | 528 |
| &nbsp;&nbsp;&nbsp;Argentine Republic Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/09/2038(A) | $400 | 226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 07/09/2035(A) | 6770 | 3517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 07/09/2046(A) | 4708 | 2448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/09/2046(A) | 229 | 138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 07/09/2035(A) | 2900 | 1762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 07/09/2041(A) | $1009 | 484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/09/2041(A) | 406 | 230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 07/09/2030(A) | $3979 | 2672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%, 07/09/2030 | 434 | 348 |
| &nbsp;&nbsp;&nbsp;Provincia de Buenos Aires MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 09/01/2037(A) | $2483 | 1447 |
| &nbsp;&nbsp;&nbsp;Republic of Argentina |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000% 12/15/2035 (B)(C) | 1232 | 119 |
|  |  | 13919 |
| **Armenia — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Republic of Armenia International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 03/12/2035 | $600 | 612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 02/02/2031 | 1002 | 900 |
|  |  | 1512 |
| **Azerbaijan — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Republic of Azerbaijan International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 09/01/2032 | 625 | 581 |
| **Bahamas — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Bahamas Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.950%, 10/15/2032 | 3820 | 4231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 06/24/2036(D) | 3420 | 3692 |
|  |  | 7923 |
| **Bahrain — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Bahrain Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 10/12/2028 | 382 | 400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 09/20/2029 | 1794 | 1876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 09/19/2044 | 1030 | 939 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Bahrain Government International Bond MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 01/25/2051 | $4550 | $4160 |
| &nbsp;&nbsp;&nbsp;CBB International Sukuk Programme WLL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 07/07/2033(D) | 435 | 452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.950%, 09/16/2027 | 1974 | 1932 |
|  |  | 9759 |
| **Barbados — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Barbados Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 06/26/2035(D) | 1500 | 1560 |
| **Benin — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Benin Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 01/23/2041(D) | 331 | 346 |
| **Bermuda — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Bermuda Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 08/20/2030 | 221 | 201 |
| **Bolivia — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Bolivian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/20/2028 | 1002 | 775 |
| **Brazil — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Aegea Finance Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.625%, 01/20/2036(D) | 1175 | 1169 |
| &nbsp;&nbsp;&nbsp;Braskem Netherlands Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 01/12/2031 | 1350 | 526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 10/15/2034 | 2840 | 1061 |
| &nbsp;&nbsp;&nbsp;Brazil Notas do Tesouro Nacional, Serie B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/15/2035 | 3164 | 2430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/15/2045 | 1047 | 781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 08/15/2050 | 3191 | 2374 |
| &nbsp;&nbsp;&nbsp;Brazil Notas do Tesouro Nacional, Serie F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 01/01/2027 | 23022 | 4246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 01/01/2029 | 33544 | 5787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 01/01/2031 | 22458 | 3690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 01/01/2033 | 32607 | 5161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 01/01/2035 | 18806 | 2890 |
| &nbsp;&nbsp;&nbsp;Brazilian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 01/12/2056 | $2943 | 2976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 01/14/2050 | 505 | 377 |
| &nbsp;&nbsp;&nbsp;Petrobras Global Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 01/10/2036 | 1095 | 1081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 09/10/2030 | 1095 | 1082 |
| &nbsp;&nbsp;&nbsp;Suzano Netherlands BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/15/2036 | 526 | 526 |
| &nbsp;&nbsp;&nbsp;Yinson Bergenia Production BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.498%, 01/31/2045(D) | 300 | 322 |
| &nbsp;&nbsp;&nbsp;Yinson Boronia Production BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.947%, 07/31/2042 | 834 | 928 |
|  |  | 37407 |

---

44 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| **Bulgaria — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Eastern European Electric BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 05/15/2030(D) | 250 | $307 |
| **Cameroon — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Republic of Cameroon International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.500%, 07/31/2031 | $200 | 192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, 07/07/2032 | 2030 | 1956 |
|  |  | 2148 |
| **Canada — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Polaris Renewable Energy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.500%, 12/03/2029 | $250 | 261 |
| **Cayman Islands — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Neon Capital MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/06/2028(B)(C) | 102254 | 672 |
| **Chile — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Bonos de la Tesoreria de la Republica en pesos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 04/01/2033(D) | 610000 | 651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2028(D) | 1000000 | 1038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2035 | 1100000 | 1097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.700%, 09/01/2030(D) | 2300000 | 2326 |
| &nbsp;&nbsp;&nbsp;Chile Electricity Lux Mpc II Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.580%, 10/20/2035 | $391 | 404 |
| &nbsp;&nbsp;&nbsp;Chile Electricity Lux MPC Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.010%, 01/20/2033 | 627 | 658 |
| &nbsp;&nbsp;&nbsp;Chile Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.950%, 01/05/2036 | 2197 | 2205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.100%, 05/07/2041 | 500 | 380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.550%, 07/27/2033 | 2157 | 1852 |
| &nbsp;&nbsp;&nbsp;Empresa Nacional del Petroleo |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.150%, 05/10/2033 | 1250 | 1325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, 07/30/2034 | 257 | 271 |
| &nbsp;&nbsp;&nbsp;Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.780%, 01/13/2055(D) | 2071 | 2222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.780%, 01/13/2055 | 1928 | 2068 |
|  |  | 16497 |
| **China — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;China Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 11/20/2027(D) | 2568 | 2617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 11/20/2027 | 461 | 470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 10/26/2026 | 990 | 965 |
|  |  | 4052 |
| **Colombia — 4.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Colombia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 04/25/2035 | 5304 | 5869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 02/26/2044 | 2032 | 1661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.200%, 05/15/2049 | 600 | 450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2045 | 6643 | 4986 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Colombian TES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.250%, 02/09/2033 | 13320000 | $3674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.750%, 01/24/2035 | 10000000 | 2543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.500%, 07/25/2046 | 1665700 | 410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.000%, 08/22/2029 | 21000000 | 5414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750% 09/18/2030 | 6290000 | 1420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 10/18/2034 | 18650300 | 3672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 10/26/2050 | 14102400 | 2314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 03/26/2031 | 15951800 | 3388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 03/26/2031 | 1211900 | 258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 06/30/2032 | 9085700 | 1856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000% 04/28/2028 | 7790300 | 1821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 11/03/2027 | 8322000 | 1986 |
| &nbsp;&nbsp;&nbsp;Ecopetrol |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875% 05/28/2045 | $2730 | 2088 |
| &nbsp;&nbsp;&nbsp;EnfraGen Energia Sur |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 12/30/2030 | 400 | 372 |
| &nbsp;&nbsp;&nbsp;EnfraGen Energia Sur SAU |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.499%, 06/30/2032(D) | 300 | 315 |
| &nbsp;&nbsp;&nbsp;PA Autopista Rio Magdalena |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.050%, 06/15/2036 | 2298921 | 509 |
|  |  | 45006 |
| **Costa Rica — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Costa Rica Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.158%, 03/12/2045 | $2200 | 2362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.550%, 04/03/2034 | 400 | 428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 02/19/2031 | 2186 | 2276 |
|  |  | 5066 |
| **Cote d'Ivoire — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Ivory Coast Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 01/30/2037(D) | 529 | 552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 01/30/2037 | 338 | 352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.075%, 04/01/2036(D) | 899 | 930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 03/22/2048 | 1650 | 1656 |
|  |  | 3490 |
| **Czech Republic — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Czech Republic Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 06/03/2036 | 21000 | 928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.950%, 07/30/2037 | 5510 | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 04/24/2040 | 73000 | 2317 |
|  |  | 3446 |
| **Dominican Republic — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Dominican Republic Central Bank Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.000%, 01/30/2026(D) | 27000 | 437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.000%, 01/30/2026 | 20150 | 326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 12/11/2026 | 71730 | 1125 |
| &nbsp;&nbsp;&nbsp;Dominican Republic International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.750%, 06/01/2036 | 30300 | 526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.950%, 03/15/2037 | $6018 | 6424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.300%, 01/21/2041 | 3500 | 3161 |
|  |  | 11999 |

---

SEI Institutional International Trust 45

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Debt Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| **Ecuador — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Ecuador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.900%, 07/31/2030(A) | $3402 | $3070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.900%, 07/31/2035(A) | 6970 | 5255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/31/2040(A) | 2386 | 1584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/31/2030(E) | 1285 | 996 |
|  |  | 10905 |
| **Egypt — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Egypt Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.318%, 08/13/2027 | 146800 | 3101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.458%, 10/01/2027 | 13300 | 279 |
| &nbsp;&nbsp;&nbsp;Egypt Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875%, 05/29/2050 | $460 | 414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.700%, 03/01/2049 | 3589 | 3185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 01/31/2047 | 8255 | 7268 |
| &nbsp;&nbsp;&nbsp;Egypt Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/07/2025(E)(F) | 13175 | 274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/14/2025(E)(F) | 4100 | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/21/2025(E)(F) | 36600 | 754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/28/2025(E)(F) | 53000 | 1085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 11/04/2025(E)(F) | 106975 | 2180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 11/18/2025(E)(F) | 11800 | 238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/09/2025(E)(F) | 23000 | 457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/16/2025(E)(F) | 40025 | 791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/30/2025(E)(F) | 141300 | 2767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 04/28/2026(E)(F) | 57900 | 1051 |
| &nbsp;&nbsp;&nbsp;Egyptian Financial for Sovereign Taskeek |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.950%, 10/07/2032(D) | $1363 | 1363 |
|  |  | 25292 |
| **El Salvador — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;El Salvador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.650%, 11/21/2054 | 1171 | 1265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.500%, 07/15/2052 | 725 | 768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 01/20/2050 | 1550 | 1333 |
|  |  | 3366 |
| **Ethiopia — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Ethiopia International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 12/11/2024(G) | 1773 | 1699 |
| **Gabon — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Gabon Blue Bond Master Trust Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.097%, 08/01/2038 | 200 | 203 |
| &nbsp;&nbsp;&nbsp;Gabon Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 11/24/2031 | 2147 | 1717 |
|  |  | 1920 |
| **Georgia — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Georgia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 04/22/2026 | 1260 | 1233 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| **Ghana — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Ghana Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/03/2029(A) | $2904 | $2824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/03/2029(A)(D) | 95 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/03/2035(A) | 2858 | 2405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/03/2026(E) | 1179 | 1138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/03/2030(E) | 272 | 233 |
|  |  | 6692 |
| **Guatemala — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Guatemala Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 08/15/2055(D) | 616 | 645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 08/15/2055 | 200 | 209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.600%, 06/13/2036 | 3327 | 3516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 08/15/2036(D) | 490 | 506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 06/01/2050 | 1615 | 1558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/03/2026 | 750 | 746 |
|  |  | 7180 |
| **Honduras — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honduras Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 06/24/2030 | 519 | 514 |
| **Hungary — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Hungary Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750% 10/22/2028 | 800000 | 2436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/23/2028 | 900000 | 2600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 10/22/2031 | 150000 | 382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/27/2038 | 580490 | 1162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 04/25/2041 | 535850 | 998 |
| &nbsp;&nbsp;&nbsp;Hungary Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 09/23/2055(D) | $3035 | 3219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 05/22/2028 | 1272 | 1328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 09/26/2035 | 814 | 852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 03/26/2036 | 4650 | 4686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 09/26/2030(D) | 1123 | 1155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 09/21/2051 | 1399 | 879 |
|  |  | 19697 |
| **India — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Adani Green Energy UP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.700%, 03/12/2042 | 1784 | 1732 |
| &nbsp;&nbsp;&nbsp;Adani Renewable Energy RJ MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 10/15/2039 | 626 | 534 |
| &nbsp;&nbsp;&nbsp;Export-Import Bank of India MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 01/15/2030 | 660 | 630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 01/13/2031 | 1294 | 1159 |
| &nbsp;&nbsp;&nbsp;India Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.360%, 09/12/2052 | 190000 | 2170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.300%, 06/19/2053 | 425010 | 4816 |
|  |  | 11041 |
| **Indonesia — 7.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Indonesia Asahan Aluminium |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.800%, 05/15/2050 | $565 | 554 |

---

46 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Indonesia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375% 09/15/2026 | 14819000 | $917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.650%, 01/11/2053 | $1991 | 2016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.850%, 01/11/2033 | 1100 | 1109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.550%, 01/11/2028 | 490 | 494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.300%, 03/31/2052 | 785 | 649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.550%, 03/31/2032 | 200 | 189 |
| &nbsp;&nbsp;&nbsp;Indonesia Treasury Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000% 03/15/2029 | 31550000 | 2111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.750% 05/15/2031 | 13902000 | 952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375% 03/15/2034 | 15107000 | 1029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 04/15/2039 | 17819000 | 1218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 05/15/2029 | 31168000 | 2045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250% 06/15/2032 | 11041000 | 739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250% 05/15/2036 | 25814000 | 1765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 08/15/2032 | 12336000 | 797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 06/15/2035 | 4700000 | 303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 05/15/2038 | 16739000 | 1071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 04/15/2040 | 24411000 | 1556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 06/15/2038 | 76346000 | 4732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 08/15/2040 | 23545000 | 1456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 06/15/2042 | 5650000 | 348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 06/15/2043 | 40967000 | 2519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 08/15/2045 | 17247000 | 1065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000% 05/15/2027 | 4310000 | 266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 09/15/2030 | 32147000 | 2046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 02/15/2033 | 43662000 | 2746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 04/15/2029 | 35351000 | 2223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 07/15/2035 | 103225000 | 6355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 02/15/2034 | 24834000 | 1516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 07/15/2030 | 76740000 | 4794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 02/15/2031 | 50665000 | 3164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 04/15/2036 | 70000000 | 4234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 08/15/2028 | 44638000 | 2762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 04/15/2032 | 8366000 | 516 |
| &nbsp;&nbsp;&nbsp;Pertamina Hulu Energi |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 05/21/2030(D) | $1538 | 1571 |
| &nbsp;&nbsp;&nbsp;Perusahaan Penerbit SBSN Indonesia III |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.550%, 07/23/2030(D) | 4497 | 4524 |
|  |  | 66351 |
| **Iraq — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Iraq International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.800%, 01/15/2028 | 3376 | 3356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.800%, 01/15/2028 | 2447 | 2432 |
|  |  | 5788 |
| **Israel — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Israel Electric |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.100%, 12/15/2096 | 1400 | 1890 |
| &nbsp;&nbsp;&nbsp;Leviathan Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 06/30/2030(D) | 394 | 395 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;State of Israel |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.800%, 05/13/2060 | $1690 | $1121 |
|  |  | 3406 |
| **Jamaica — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Kingston Airport Revenue Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 12/15/2036(D) | 1145 | 1172 |
| &nbsp;&nbsp;&nbsp;NCB Financial Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.000%, 07/31/2030(D) | 2100 | 2120 |
|  |  | 3292 |
| **Jordan — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Jordan Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 01/13/2029(D) | 821 | 857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 01/13/2029 | 278 | 290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 10/10/2047 | 2400 | 2296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.850%, 07/07/2030 | 395 | 393 |
|  |  | 3836 |
| **Kazakhstan — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Kazakhstan Government International Bond (D) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/2037 | 500 | 511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032 | 2931 | 2995 |
| &nbsp;&nbsp;&nbsp;KazMunayGas National JSC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 10/24/2048 | 1120 | 1113 |
|  |  | 4619 |
| **Kenya — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Kenya Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 05/22/2027 | 267 | 272 |
| &nbsp;&nbsp;&nbsp;Republic of Kenya Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.750%, 02/16/2031 | 1990 | 2124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.500%, 03/05/2036 | 500 | 512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 02/28/2048 | 2751 | 2483 |
|  |  | 5391 |
| **Kuwait — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Kuwait International Government Bond (D) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.652%, 10/09/2035 | 7833 | 7833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.136%, 10/09/2030 | 4788 | 4788 |
|  |  | 12621 |
| **Kyrgyzstan — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Kyrgyz Republic International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 06/03/2030(D) | 380 | 383 |
| **Latvia — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Latvia Government International Bond MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 07/30/2034 | 600 | 617 |
| **Lebanon — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Lebanon Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 05/17/2034(G) | 4412 | 987 |

---

SEI Institutional International Trust 47

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Debt Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Lebanon Government International Bond MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 04/12/2049(G) | $7110 | $1593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 03/20/2028(G) | 164 | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.400%, 05/26/2023(G) | 2649 | 593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 12/31/2023(G) | 2239 | 501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.100%, 10/04/2022(G) | 2311 | 516 |
|  |  | 4227 |
| **Luxembourg — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Delphos Securities SARL - Compartment Bernina |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.625%, 04/08/2035 | 1500 | 1744 |
| **Malaysia — 6.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Khazanah Global Sukuk MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.687%, 06/01/2028 | $149 | 151 |
| &nbsp;&nbsp;&nbsp;Malaysia Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.248% 09/15/2028 | 1528 | 384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.893%, 06/08/2038 | 15969 | 4279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.696%, 10/15/2042 | 3303 | 875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.642%, 11/07/2033 | 8275 | 2121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.504%, 04/30/2029 | 4500 | 1114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.498% 04/15/2030 | 9835 | 2459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.457%, 03/31/2053 | 1997 | 510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.392% 04/15/2026 | 340 | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.065%, 06/15/2050 | 10317 | 2505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.054%, 04/18/2039 | 4639 | 1145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.906%, 07/15/2026 | 8680 | 2080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.900%, 11/30/2026 | 49264 | 11848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.885%, 08/15/2029 | 10638 | 2588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.828%, 07/05/2034 | 16001 | 3901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.757%, 05/22/2040 | 7500 | 1788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.733%, 06/15/2028 | 11691 | 2820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.582%, 07/15/2032 | 11997 | 2878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.519%, 04/20/2028 | 10763 | 2581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.502% 05/31/2027 | 9950 | 2382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.632%, 04/15/2031 | 9526 | 2183 |
| &nbsp;&nbsp;&nbsp;Malaysia Government Investment Issue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.119%, 11/30/2034 | 1248 | 310 |
| &nbsp;&nbsp;&nbsp;Petronas Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.848%, 04/03/2055(D) | $1833 | 1941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.950%, 01/03/2031 | 1716 | 1771 |
| &nbsp;&nbsp;&nbsp;Petronas Capital MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.404%, 04/28/2061 | 3171 | 2187 |
|  |  | 56882 |
| **Mexico — 7.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Braskem Idesa SAPI |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.990%, 02/20/2032 | 310 | 184 |
| &nbsp;&nbsp;&nbsp;Mexican Bonos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 03/01/2029 | 4725 | 261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 02/28/2030 | 130000 | 7162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 11/07/2047 | 69541 | 3327 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 07/31/2053 | 168873 | $8010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750% 11/23/2034 | 15346 | 792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750% 11/13/2042 | 96520 | 4579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500% 06/03/2027 | 20287 | 1106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 05/26/2033 | 24270 | 1250 |
| &nbsp;&nbsp;&nbsp;Mexican Bonos, Ser M20 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500% 05/31/2029 | 50000 | 2762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750% 05/29/2031 | 105340 | 5599 |
| &nbsp;&nbsp;&nbsp;Mexican Bonos, Ser M30 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500% 11/18/2038 | 59956 | 3141 |
| &nbsp;&nbsp;&nbsp;Mexico Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 05/13/2055 | $1580 | 1734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 09/22/2035 | 2000 | 1990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 03/22/2033 | 1970 | 1964 |
| &nbsp;&nbsp;&nbsp;Mexico Government International Bond MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 10/12/2110 | 240 | 205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 03/19/2114 | 5600 | 5418 |
| &nbsp;&nbsp;&nbsp;Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.690%, 01/23/2050 | $10840 | 9856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 01/23/2045 | 4754 | 3864 |
| &nbsp;&nbsp;&nbsp;Petroleos Mexicanos MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 09/21/2047 | 3724 | 3073 |
|  |  | 66277 |
| **Mongolia — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Development Bank of Mongolia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 07/03/2028 | 700 | 713 |
| &nbsp;&nbsp;&nbsp;Mongolia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.650%, 01/19/2028 | 208 | 221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 02/25/2030(D) | 200 | 203 |
|  |  | 1137 |
| **Montenegro — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Montenegro Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 03/12/2031 | 300 | 320 |
| **Morocco — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Morocco Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/15/2050 | 600 | 441 |
| &nbsp;&nbsp;&nbsp;OCP SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 05/02/2054(D) | 1254 | 1390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 05/02/2054 | 365 | 404 |
|  |  | 2235 |
| **Mozambique — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Mozambique International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 09/15/2031(A) | 873 | 777 |
| **Nigeria — 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Nigeria Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.375%, 12/09/2034 | 2224 | 2470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.625%, 06/09/2031 | 2053 | 2210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.625%, 11/21/2025 | 1682 | 1684 |

---

48 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Nigeria Government International Bond MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 09/28/2051 | $2200 | $1978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 09/28/2028 | 930 | 912 |
| &nbsp;&nbsp;&nbsp;Nigeria OMO Bill |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/02/2025(E)(F) | 2551881 | 1660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/09/2025(E)(F) | 2640000 | 1719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/06/2026(E)(F) | 3968501 | 2536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/10/2026(E)(F) | 351600 | 223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/23/2026(E)(F) | 1707000 | 1067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/24/2026(E)(F) | 1039421 | 647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 03/17/2026(E)(F) | 1394459 | 858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 03/31/2026(E)(F) | 1941000 | 1194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 04/14/2026(E)(F) | 1168541 | 708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/07/2026(E)(F) | 1020000 | 592 |
|  |  | 20458 |
| **Oman — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;EDO Sukuk |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.662%, 07/03/2031 | $1520 | 1594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.662%, 07/03/2031(D) | 978 | 1026 |
| &nbsp;&nbsp;&nbsp;Mazoon Assets SAOC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 10/09/2031(D) | 785 | 799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 10/09/2031 | 233 | 237 |
| &nbsp;&nbsp;&nbsp;Oman Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 10/28/2027 | 2300 | 2403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 01/17/2048 | 2475 | 2716 |
| &nbsp;&nbsp;&nbsp;OQ SAOC MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 05/06/2028 | 663 | 670 |
|  |  | 9445 |
| **Pakistan — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Pakistan Global Sukuk Programme |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.950%, 01/31/2029 | 1530 | 1551 |
| &nbsp;&nbsp;&nbsp;Pakistan Government International Bond MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875%, 04/08/2051 | 1300 | 1195 |
| &nbsp;&nbsp;&nbsp;Pakistan Water & Power Development Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 06/04/2031 | 200 | 188 |
|  |  | 2934 |
| **Panama — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Panama Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.125%, 04/28/2034 | 478 | 535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 03/01/2038 | 2108 | 2399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/16/2050 | 450 | 338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/01/2056 | 3212 | 2345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 03/17/2028 | 1077 | 1057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.252%, 09/29/2032 | 3246 | 2623 |
|  |  | 9297 |
| **Paraguay — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Paraguay Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.850%, 08/21/2033 | 1248 | 1311 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.950%, 04/28/2031 | $438 | $442 |
|  |  | 1753 |
| **Peru — 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Peru Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.600%, 08/12/2039(D) | 7310 | 2305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.300%, 08/12/2033(D) | 10676 | 3434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.950%, 08/12/2031 | 4800 | 1535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.150%, 08/12/2032 | 6100 | 1866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.400%, 08/12/2034 | 29646 | 8278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.350%, 08/12/2040 | 2208 | 564 |
| &nbsp;&nbsp;&nbsp;Peru LNG Srl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 03/22/2030 | $975 | 936 |
| &nbsp;&nbsp;&nbsp;Peruvian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.900%, 08/12/2037 | 2426 | 730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.200%, 06/30/2055 | $869 | 903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.940%, 02/12/2029 | 5394 | 1632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 03/30/2036 | $2326 | 2370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 02/08/2035 | 1323 | 1348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 01/15/2072 | 1200 | 762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleos del Peru |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 06/19/2047 | 8620 | 6346 |
|  |  | 33009 |
| **Philippines — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Philippine Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 07/27/2030 | 50000 | 876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 02/28/2029 | 125000 | 2179 |
| &nbsp;&nbsp;&nbsp;Philippine Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.170%, 10/13/2027 | $1970 | 2012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.950%, 05/05/2045 | 700 | 501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.650%, 12/10/2045 | 2293 | 1545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.950%, 01/06/2032 | 4736 | 4107 |
|  |  | 11220 |
| **Poland — 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Republic of Poland Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 07/25/2028 | 18000 | 5359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 10/25/2033 | 7486 | 2163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/25/2034 | 7636 | 2050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 04/25/2028 | 1813 | 481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 04/25/2032 | 27610 | 6218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 10/25/2030 | 17000 | 3935 |
| &nbsp;&nbsp;&nbsp;Republic of Poland Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 04/04/2053 | $100 | 97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 03/18/2054 | 2661 | 2573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 02/12/2035 | 6144 | 6375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 09/18/2034 | 3750 | 3833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 02/12/2030 | 2213 | 2277 |
|  |  | 35361 |
| **Romania — 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Romania Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 09/29/2032 | 20 | 5 |

---

SEI Institutional International Trust 49

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Debt Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 04/29/2030 | 25100 | $5938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.650%, 07/27/2031 | 8470 | 1982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 07/27/2033 | 1565 | 365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.350%, 04/28/2031 | 4165 | 961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.100%, 07/31/2034 | 9340 | 2127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.850%, 07/29/2030 | 4075 | 921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 04/25/2035 | 55 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.300%, 04/25/2029 | 11000 | 2460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.850%, 07/25/2029 | 7300 | 1550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.150%, 10/24/2030 | 1020 | 204 |
| &nbsp;&nbsp;&nbsp;Romanian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 02/10/2037 | $5376 | 5769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 05/16/2036 | 880 | 893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 01/30/2034 | 1220 | 1235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 09/16/2030(D) | 1408 | 1435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 03/24/2035 | 3540 | 3408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 06/15/2048 | 830 | 667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/12/2029 | 1600 | 345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/14/2051 | $846 | 564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/14/2031 | 1860 | 1652 |
|  |  | 32493 |
| **Russia — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Russian Foreign Bond - Eurobond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500% 03/31/2030 (G) |  |  |
| &nbsp;&nbsp;&nbsp;Vnesheconombank Via VEB Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.800%, 11/22/2025 | 580 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.800%, 11/22/2025(D) | 150 | 7 |
|  |  | 25 |
| **Rwanda — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Rwanda International Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 08/09/2031 | 580 | 519 |
| **Saudi Arabia — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Acwa Power Management And Investments One |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, 12/15/2039 | 941 | 955 |
| &nbsp;&nbsp;&nbsp;Global Sukuk |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 09/17/2035(D) | 279 | 272 |
| &nbsp;&nbsp;&nbsp;KSA Ijarah Sukuk |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 09/09/2035(D) | 3463 | 3482 |
| &nbsp;&nbsp;&nbsp;Saudi Government International Bond MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/18/2053 | 6850 | 6194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 01/16/2030 | 1055 | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 01/16/2030(D) | 851 | 868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 10/04/2047 | 2900 | 2528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 01/21/2055 | 870 | 627 |
|  |  | 16002 |
| **Senegal — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Senegal Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 06/10/2031 | 317 | 256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 03/13/2048 | 940 | 584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 05/23/2033 | 654 | 472 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 06/08/2037 | 420 | $323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 03/13/2028 | 250 | 255 |
|  |  | 1890 |
| **Serbia — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Serbia International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/12/2034 | $2525 | 2631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.125%, 12/01/2030 | 689 | 602 |
| &nbsp;&nbsp;&nbsp;Telecommunications co Telekom Srbija AD Belgrade |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 10/28/2029 | 200 | 203 |
|  |  | 3436 |
| **South Africa — 5.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Eskom Holdings SOC MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 09/15/2033 | 35000 | 1775 |
| &nbsp;&nbsp;&nbsp;Republic of South Africa Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.625%, 03/31/2053 | 36160 | 2373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 01/31/2040 | 99114 | 5257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875% 02/28/2035 | 40731 | 2316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.750% 01/31/2044 | 180657 | 9104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.750% 02/28/2048 | 210557 | 10528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500% 01/31/2037 | 29297 | 1562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250% 03/31/2032 | 39663 | 2268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000% 01/31/2030 | 91400 | 5316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500% 02/28/2041 | 38244 | 1603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250% 03/31/2036 | 44391 | 2038 |
| &nbsp;&nbsp;&nbsp;Republic of South Africa Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.950%, 11/19/2054 | $1386 | 1408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.100%, 11/19/2036 | 829 | 864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 09/30/2049 | 7358 | 5884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.300%, 10/12/2028 | 1692 | 1666 |
|  |  | 53962 |
| **Sri Lanka — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Sri Lanka Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/15/2028 | 300 | 287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 06/15/2035(A)(D) | 1916 | 1397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 06/15/2035(A) | 687 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 05/15/2036(A) | 238 | 210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 05/15/2036(A)(D) | 38 | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 02/15/2038(A) | 2278 | 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 02/15/2038(A)(D) | 950 | 845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.350%, 03/15/2033(A) | 929 | 794 |
|  |  | 6091 |
| **Supra-National — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Andina de Fomento MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.700%, 03/06/2029 | 190000 | 2179 |
| &nbsp;&nbsp;&nbsp;Asian Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.000%, 03/27/2026 | 189000 | 130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/30/2028 | 3000 | 855 |
| &nbsp;&nbsp;&nbsp;Asian Development Bank MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.100%, 01/23/2026 | 3116000 | 794 |

---

50 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Asian Infrastructure Investment Bank MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.200%, 07/02/2031 | 36100 | $411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.650%, 06/30/2033 | 302200 | 3359 |
| &nbsp;&nbsp;&nbsp;European Bank for Reconstruction & Development |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.500%, 07/31/2026 | 425000 | 293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.000%, 07/21/2026 | 350000 | 237 |
| &nbsp;&nbsp;&nbsp;Inter-American Development Bank MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 08/08/2033 | 224000 | 2555 |
| &nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.050%, 07/22/2029 | 109000 | 1240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 07/13/2029 | 182600 | 2058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 04/17/2030 | 180000 | 2006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 01/13/2031 | 22000 | 3175 |
| &nbsp;&nbsp;&nbsp;International Finance Corp MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 08/16/2028(E) | 16480000 | 3228 |
|  |  | 22520 |
| **Suriname — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Suriname Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.950%, 07/15/2033 | $1466 | 1455 |
| **Swaziland — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Eswatini Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.175%, 08/01/2030 | 7000 | 408 |
| &nbsp;&nbsp;&nbsp;Eswatini Government Bond MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.875%, 05/08/2027 | 9000 | 533 |
|  |  | 941 |
| **Tajikistan — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Republic of Tajikistan International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 09/14/2027 | $860 | 856 |
| **Thailand — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Thailand Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.450%, 06/17/2043 | 82437 | 3117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.390%, 06/17/2037 | 22914 | 845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.350%, 06/17/2033 | 64763 | 2288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.300%, 06/17/2038 | 69684 | 2554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.800%, 06/17/2034 | 28924 | 991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 06/17/2052 | 1861 | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 06/17/2042 | 44962 | 1410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.600%, 12/17/2029 | 15300 | 479 |
|  |  | 11748 |
| **Trinidad & Tobago — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Heritage Petroleum |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 08/12/2029 | $250 | 257 |
| &nbsp;&nbsp;&nbsp;Port of Spain Waterfront Development |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 02/19/2040 | 1595 | 1619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 02/19/2040(D) | 1004 | 1019 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Telecommunications Services of Trinidad & Tobago |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875%, 10/18/2029 | $610 | $621 |
|  |  | 3516 |
| **Turkey — 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Hazine Mustesarligi Varlik Kiralama (D) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.509%, 01/14/2029 | 1373 | 1497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 09/01/2030 | 2311 | 2392 |
| &nbsp;&nbsp;&nbsp;TC Ziraat Bankasi |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 02/04/2030(D) | 1371 | 1405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 02/04/2030 | 225 | 231 |
| &nbsp;&nbsp;&nbsp;Turk Telekomunikasyon |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.950%, 10/07/2032(D) | 1292 | 1284 |
| &nbsp;&nbsp;&nbsp;Turkiye Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41.000%, 05/05/2027 | 50000 | 1263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37.840%, 07/14/2027 | 50000 | 1220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32.600%, 02/10/2027 | 60000 | 1381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.000%, 09/12/2029 | 230000 | 5103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.700%, 09/27/2034 | 25678 | 589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.200%, 10/05/2033 | 211780 | 4750 |
| &nbsp;&nbsp;&nbsp;Turkiye Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.875%, 01/15/2028 | $1968 | 2160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 05/11/2047 | 7785 | 6174 |
| &nbsp;&nbsp;&nbsp;Turkiye Ihracat Kredi Bankasi |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 07/03/2028(D) | 394 | 402 |
| &nbsp;&nbsp;&nbsp;Zorlu Enerji Elektrik Uretim |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.000%, 04/23/2030 | 3980 | 3660 |
|  |  | 33511 |
| **Ukraine — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;NAK Naftogaz Ukraine via Kondor Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 07/19/2026(G) | 506 | 517 |
| &nbsp;&nbsp;&nbsp;NPC Ukrenergo |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 11/09/2026(G) | 731 | 584 |
| &nbsp;&nbsp;&nbsp;Ukraine Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 08/01/2041 (B)(G) | $1580 | 1259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/01/2029(A) | 235 | 162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/01/2034(A) | 526 | 296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/01/2035(A)(D) | 1825 | 1008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/01/2035(A) | 1451 | 801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/01/2036(A) | 592 | 322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/01/2030(A)(C) | 205 | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/01/2034(A)(C) | 2087 | 865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/01/2035(A)(C) | 3953 | 1917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/01/2035(A)(C)(D) | 507 | 246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/01/2036(A)(C) | 540 | 262 |
|  |  | 8347 |
| **United Arab Emirates — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Abu Dhabi Developmental Holding PJSC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/06/2030(D) | 2408 | 2437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/06/2030 | 236 | 239 |
| &nbsp;&nbsp;&nbsp;Abu Dhabi Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 10/02/2035(D) | 3960 | 3931 |

---

SEI Institutional International Trust 51

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Debt Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 09/30/2049 | $3424 | $2484 |
| &nbsp;&nbsp;&nbsp;Adnoc Murban Rsc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 09/11/2034 | 953 | 943 |
| &nbsp;&nbsp;&nbsp;Finance Department Government of Sharjah MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/28/2050 | 2304 | 1583 |
| &nbsp;&nbsp;&nbsp;Pearl Petroleum |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.000%, 05/15/2028(D) | 700 | 754 |
|  |  | 12371 |
| **Uruguay — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Uruguay Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.750%, 07/20/2033 | 19700 | 541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 10/28/2034 | $4283 | 4591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.442%, 02/14/2037 | 521 | 545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.100%, 06/18/2050 | 201 | 190 |
| &nbsp;&nbsp;&nbsp;Uruguay Monetary Regulation Bill |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/01/2025(E)(F) | 23900 | 600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/08/2025(E)(F) | 71700 | 1796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/05/2026(E)(F) | 12400 | 294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/31/2026(E)(F) | 39869 | 934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 09/04/2026(E)(F) | 94552 | 2201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/02/2026(E)(F) | 11000 | 255 |
|  |  | 11947 |
| **Uzbekistan — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Jscb Agrobank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.250%, 10/02/2029 | $300 | 325 |
| &nbsp;&nbsp;&nbsp;National Bank of Uzbekistan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.875%, 07/05/2027 | 4200000 | 358 |
| &nbsp;&nbsp;&nbsp;Republic of Uzbekistan International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.250%, 10/12/2026(D) | 5740000 | 489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.500%, 02/25/2028(D) | 36240000 | 3050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.947%, 05/25/2032(D) | $615 | 662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.947%, 05/25/2032 | 400 | 430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 05/29/2027 | 780 | 945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.900%, 10/19/2031 | $1420 | 1303 |
| &nbsp;&nbsp;&nbsp;TBC Bank Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.000%, 06/05/2028 | 20800000 | 1786 |
| &nbsp;&nbsp;&nbsp;Uzbek Industrial and Construction Bank ATB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.000%, 07/24/2027 | 10220000 | 872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.950%, 07/24/2029 | $800 | 867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uzbekneftegaz JSC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.750%, 05/07/2030(D) | 700 | 748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 11/16/2028 | 1492 | 1422 |
|  |  | 13257 |
| **Venezuela — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;La Electricidad de Caracas |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 12/31/2059(G) | 1479 | 117 |
| &nbsp;&nbsp;&nbsp;Petroleos de Venezuela |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.750%, 02/17/2022(G) | 1800 | 328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.750%, 05/17/2035(G) | 6910 | 1244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 11/17/2021(G) | 4300 | 699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/16/2024(G) | 7785 | 1245 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **GLOBAL BONDS (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/16/2025(G) | $4011 | $644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 11/15/2026(G) | 2078 | 333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 04/12/2037(G) | 623 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 04/12/2027(G) | 2318 | 371 |
| &nbsp;&nbsp;&nbsp;Venezuela Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.750%, 08/23/2022(G) | 4208 | 979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.950%, 08/05/2031(G) | 6990 | 1661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 05/07/2023(G) | 385 | 79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 05/07/2026(G) | 7549 | 1548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 10/13/2029(G) | $8548 | 1582 |
|  |  | 10930 |
| **Vietnam — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Mong Duong Finance Holdings BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 05/07/2029(D) | 796 | 787 |
| **Zambia — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Zambia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 06/30/2033(A) | 1119 | 1070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 12/31/2053 | 658 | 444 |
|  |  | 1514 |
| Total Global Bonds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $832,632) ($ Thousands) |  | 872165 |
| **U.S. TREASURY OBLIGATIONS — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bill |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.067%, 10/28/2025 (F) | 3300 | 3290 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Note |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.059%, USBMMY3M + 0.160%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04/30/2027 (B) | 6700 | 6696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.058%, USBMMY3M + 0.159%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07/31/2027 (B) | 6500 | 6495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 08/31/2029 | 3500 | 3428 |
| Total U.S. Treasury Obligations |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $19,792) ($ Thousands) |  | 19909 |
| **LOAN PARTICIPATIONS — 0.9%** |  |  |
| **Cote d'Ivoire — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Republic of Cote d'Ivoire, First Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.028%, 03/18/2026 | 2210 | 2584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.920%, 07/14/2026 | 1972 | 2317 |
|  |  | 4901 |
| **Russia — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;SRBIJA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.742%, 06/13/2029 (H) | 1000 | 1163 |

---

52 SEI Institutional International Trust

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value <br> ($ Thousands) |
| **LOAN PARTICIPATIONS (continued)** |  |  |
| **Tanzania — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;United Republic of Tanzania, First Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.584%, 04/28/2031 | 260 | $260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.127%, 02/06/2032 | 2375 | 2375 |
|  |  | 2635 |
| Total Loan Participations |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $8,521) ($ Thousands) |  | 8699 |
| **PURCHASED OPTIONS — 0.2%** |  |  |
| Total Purchased Options |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,537) ($ Thousands) |  | 1513 |
| Total Investments in Securities — 95.6% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $862,482) ($ Thousands) |  | $902286 |
| **WRITTEN OPTIONS — (0.0)%** |  |  |
| Total Written Options |  |  |
| &nbsp;&nbsp;&nbsp;(Premiums Received $862) ($ Thousands) |  | $(507) |

---

A list of open exchange traded options contracts for the Fund at September 30, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of Contracts** | **Notional Amount <br> (Thousands)** | **Exercise Price** | **Expiration Date** | **Value <br> (Thousands)** |
| **PURCHASED OPTIONS — 0.2%** |  |  |  |  |  |
| **Put Options** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;EUR PUT/HUF CALL | 180000 | $65700 | $365.00 | 5/16/2026 | $8 |
| &nbsp;&nbsp;&nbsp;EUR PUT/HUF CALL | 340000 | 127500 | 375.00 | 3/21/2026 | 31 |
| &nbsp;&nbsp;&nbsp;EUR PUT/HUF CALL | 180000 | 68400 | 380.00 | 4/18/2026 | 32 |
| &nbsp;&nbsp;&nbsp;EUR PUT/HUF CALL | 180000 | 68400 | 380.00 | 5/16/2026 | 33 |
| &nbsp;&nbsp;&nbsp;EUR PUT/HUF CALL | 180000 | 65700 | 365.00 | 5/16/2026 | 9 |
| &nbsp;&nbsp;&nbsp;EUR PUT/HUF CALL | 180000 | 67500 | 375.00 | 5/16/2026 | 21 |
| &nbsp;&nbsp;&nbsp;EUR PUT/HUF CALL | 180000 | 66600 | 370.00 | 5/16/2026 | 12 |
| &nbsp;&nbsp;&nbsp;EUR PUT/HUF CALL | 180000 | 66600 | 370.00 | 4/18/2026 | 12 |
| &nbsp;&nbsp;&nbsp;EUR PUT/HUF CALL | 180000 | 67500 | 375.00 | 5/16/2026 | 22 |
| &nbsp;&nbsp;&nbsp;USD PUT/CLP CALL | 3400000 | 3094000 | 910.00 | 2/21/2026 | 33 |
| &nbsp;&nbsp;&nbsp;USD PUT/CLP CALL | 7000000 | 6475000 | 925.00 | 1/17/2026 | 81 |
| &nbsp;&nbsp;&nbsp;USD PUT/CZK CALL | 7000000 | 141050 | 20.15 | 12/20/2025 | 37 |
| &nbsp;&nbsp;&nbsp;USD PUT/HUF CALL | 120000 | 40200 | 335.00 | 10/18/2025 | 78 |
| &nbsp;&nbsp;&nbsp;USD PUT/HUF CALL | 7300000 | 2394400 | 328.00 | 12/20/2025 | 70 |
| &nbsp;&nbsp;&nbsp;USD PUT/HUF CALL | 200000 | 63600 | 318.00 | 1/17/2026 | 31 |
| &nbsp;&nbsp;&nbsp;USD PUT/HUF CALL | 360000 | 115200 | 320.00 | 11/22/2025 | 39 |
| &nbsp;&nbsp;&nbsp;USD PUT/ILS CALL | 100000 | 315 | 3.15 | 1/17/2026 | 13 |
| &nbsp;&nbsp;&nbsp;USD PUT/ILS CALL | 200000 | 640 | 3.20 | 12/20/2025 | 37 |
| &nbsp;&nbsp;&nbsp;USD PUT/ILS CALL | 920000 | 2852 | 3.10 | 2/21/2026 | 89 |
| &nbsp;&nbsp;&nbsp;USD PUT/INR CALL | 6900000 | 603750 | 87.50 | 1/17/2026 | 11 |
| &nbsp;&nbsp;&nbsp;USD PUT/INR CALL | 7400000 | 654900 | 88.50 | 5/16/2026 | 34 |
| &nbsp;&nbsp;&nbsp;USD PUT/JPY CALL | 730000 | 89060 | 122.00 | 7/18/2026 | 22 |
| &nbsp;&nbsp;&nbsp;USD PUT/MXN CALL | 14300000 | 261690 | 18.30 | 10/18/2025 | 82 |
| &nbsp;&nbsp;&nbsp;USD PUT/PLN CALL | 7000000 | 24920 | 3.56 | 1/17/2026 | 63 |
| &nbsp;&nbsp;&nbsp;USD PUT/PLN CALL | 7300000 | 26645 | 3.65 | 12/20/2025 | 120 |
| &nbsp;&nbsp;&nbsp;USD PUT/ZAR CALL | 7000000 | 121100 | 17.30 | 10/18/2025 | 62 |

---

SEI Institutional International Trust 53

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Debt Fund** (Continued)

A list of open exchange traded options contracts for the Fund at September 30, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of Contracts** | **Notional Amount <br> (Thousands)** | **Exercise Price** | **Expiration Date** | **Value <br> (Thousands)** |
| **PURCHASED OPTIONS (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;USD PUT/ZAR CALL | 12200000 | $210450 | $17.25 | 12/20/2025 | $183 |
| &nbsp;&nbsp;&nbsp;USD PUT/ZAR CALL | 7300000 | 129210 | 17.70 | 2/21/2026 | 248 |
|  |  | 15112882 |  |  | 1513 |
| &nbsp;&nbsp;&nbsp;Total Purchased Options |  | $15112882 |  |  | $1513 |
| **WRITTEN OPTIONS — 0.0%** |  |  |  |  |  |
| **Put Options** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;EUR PUT/ZAR CALL | (3500000) | $(70175) | 20.05 | 12/20/2025 | $(29) |
| &nbsp;&nbsp;&nbsp;USD PUT/CLP CALL | (10500000) | (9450000) | 900.00 | 01/17/2026 | (60) |
| &nbsp;&nbsp;&nbsp;USD PUT/CZK CALL | (9100000) | (179725) | 19.75 | 12/20/2025 | (20) |
| &nbsp;&nbsp;&nbsp;USD PUT/HUF CALL | (9490000) | (3036800) | 320.00 | 12/20/2025 | (34) |
| &nbsp;&nbsp;&nbsp;USD PUT/INR CALL | (11100000) | (949050) | 85.50 | 05/16/2026 | (9) |
| &nbsp;&nbsp;&nbsp;USD PUT/MXN CALL | (17160000) | (307164) | 17.90 | 10/18/2025 | (12) |
| &nbsp;&nbsp;&nbsp;USD PUT/PLN CALL | (10500000) | (36120) | 3.44 | 01/17/2026 | (28) |
| &nbsp;&nbsp;&nbsp;USD PUT/PLN CALL | (8030000) | (28507) | 3.55 | 12/20/2025 | (43) |
| &nbsp;&nbsp;&nbsp;USD PUT/ZAR CALL | (7000000) | (117600) | 16.80 | 10/18/2025 | (5) |
| &nbsp;&nbsp;&nbsp;USD PUT/ZAR CALL | (18300000) | (300120) | 16.40 | 12/20/2025 | (37) |
| &nbsp;&nbsp;&nbsp;USD PUT/ZAR CALL | (7300000) | (124830) | 17.10 | 02/21/2026 | (112) |
|  |  | (14600091) |  |  | (389) |
| **Call Options** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;USD CALL/BRL PUT | (7400000) | (44030) | 5.95 | 10/18/2025 | (3) |
| &nbsp;&nbsp;&nbsp;USD CALL/BRL PUT | (7000000) | (40040) | 5.72 | 12/20/2025 | (43) |
| &nbsp;&nbsp;&nbsp;USD CALL/CLP PUT | (1700000) | (1700000) | 1000.00 | 06/20/2026 | (48) |
| &nbsp;&nbsp;&nbsp;USD CALL/PLN PUT | (3700000) | (14615) | 3.95 | 12/20/2025 | (5) |
| &nbsp;&nbsp;&nbsp;ZAR PUT/EUR CALL | (3500000) | (74900) | 21.40 | 12/20/2025 | (19) |
|  |  | (1873585) |  |  | (118) |
| &nbsp;&nbsp;&nbsp;Total Written Options |  | $(16473676) |  |  | $(507) |

---

A list of the open futures contracts held by the Fund at September 30, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type of Contract** | **Number of <br> Contracts** | **Expiration <br> Date** | **Notional Amount <br> (Thousands)** | **Value <br> (Thousands)** | **Unrealized Appreciation <br> (Depreciation)(Thousands)** |
| Short Contracts |  |  |  |  |  |
| Euro-Schatz | (7) | Dec-2025 | $(874) | $(880) | $&nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;U.S. 2-Year Treasury Note | (14) | Dec-2025 | (2919) | (2918) | 1 |
| &nbsp;&nbsp;&nbsp;U.S. 5-Year Treasury Note | (33) | Dec-2025 | (3607) | (3604) | 3 |
| &nbsp;&nbsp;&nbsp;U.S. 10-Year Treasury Note | (18) | Dec-2025 | (2018) | (2025) | (7) |
| &nbsp;&nbsp;&nbsp;Ultra 10-Year U.S. Treasury Note | (15) | Dec-2025 | (1709) | (1726) | (17) |
|  |  |  | $(11127) | $(11153) | $(19) |

---

54 SEI Institutional International Trust

A list of the open forward foreign currency contracts held by the Fund at September 30, 2025, is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency to Deliver<br> (Thousands)** | **Currency to Deliver<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| Bank of America | 10/02/25 | BRL | 7807 | USD | 1406 | $(60) |
| Bank of America | 10/28/25 | USD | 1971 | BRL | 10793 | 41 |
| Bank of America | 10/28/25 | BRL | 5646 | USD | 999 | (54) |
| Bank of America | 12/10/25 | ILS | 1534 | USD | 440 | (25) |
| Bank of America | 12/11/25 | BRL | 9518 | USD | 1715 | (42) |
| Bank of America | 12/17/25 | USD | 627 | KRW | 864385 | (8) |
| Bank of America | 12/17/25 | USD | 903 | IDR | 14900814 | (11) |
| Bank of America | 12/17/25 | USD | 1839 | COP | 7266675 | (2) |
| Bank of America | 12/17/25 | ZAR | 2197 | USD | 125 | (2) |
| Bank of America | 12/17/25 | USD | 3733 | CLP | 3562279 | (27) |
| Bank of America | 12/17/25 | CZK | 19756 | USD | 961 | 5 |
| Bank of America | 12/17/25 | CLP | 5294872 | USD | 5563 | 54 |
| Bank of America | 12/17/25 | IDR | 15721004 | USD | 953 | 12 |
| Bank of America | 12/17/25 | COP | 49693595 | USD | 12576 | 13 |
| Bank of America | 12/17/25 | COP | 407000 | USD | 103 |  |
| Bank of America | 05/11/26 | USD | 1426 | HUF | 490228 | 33 |
| Barclays PLC | 10/02/25 | USD | 1431 | TRY | 61800 | 55 |
| Barclays PLC | 10/14/25 | USD | 402 | JPY | 58800 | (3) |
| Barclays PLC | 02/02/26 | USD | 1195 | TRY | 54900 | 7 |
| BNP Paribas | 10/02/25 | USD | 17114 | BRL | 94052 | 546 |
| Brown Brothers Harriman | 10/14/25 | USD | 41 | JPY | 6000 | (1) |
| Brown Brothers Harriman | 10/14/25 | EUR | 11490 | USD | 13511 | (1) |
| Brown Brothers Harriman | 10/15/25 | GBP | 3850 | USD | 5206 | 23 |
| Capital One Investing, LLC | 12/17/25 | USD | 11405 | INR | 1017185 | (8) |
| Capital One Investing, LLC | 12/17/25 | USD | 16200 | MXN | 299549 | 4 |
| Citigroup | 10/14/25 | USD | 597 | KZT | 318542 | (18) |
| Citigroup | 11/04/25 | USD | 31 | BRL | 167 |  |
| Citigroup | 11/14/25 | USD | 3087 | THB | 99220 | (13) |
| Deutsche Bank | 10/02/25 | USD | 7506 | BRL | 42212 | 420 |
| Deutsche Bank | 10/02/25 | BRL | 19286 | USD | 3485 | (136) |
| Deutsche Bank | 10/03/25 | USD | 1013 | KZT | 551451 | (9) |
| Deutsche Bank | 10/14/25 | USD | 293 | EUR | 250 | 1 |
| Deutsche Bank | 10/24/25 | ZAR | 19443 | USD | 1085 | (40) |
| Deutsche Bank | 10/27/25 | USD | 2640 | HUF | 886908 | 32 |
| Deutsche Bank | 10/27/25 | HUF | 1067384 | USD | 3088 | (127) |
| Deutsche Bank | 10/28/25 | USD | 998 | BRL | 5646 | 55 |
| Deutsche Bank | 10/29/25 | USD | 1069 | KZT | 588468 | (4) |
| Deutsche Bank | 12/11/25 | USD | 827 | BRL | 4503 | 4 |
| Deutsche Bank | 12/11/25 | USD | 661 | BRL | 3575 | (1) |
| Deutsche Bank | 12/15/25 | USD | 850 | PLN | 3129 | 12 |
| Deutsche Bank | 12/15/25 | PLN | 3040 | USD | 821 | (16) |
| Deutsche Bank | 12/17/25 | USD | 51 | CLP | 49180 |  |
| Deutsche Bank | 12/17/25 | USD | 342 | MXN | 6357 | 2 |
| Deutsche Bank | 12/17/25 | USD | 393 | EGP | 19655 | 3 |
| Deutsche Bank | 12/17/25 | RON | 1536 | USD | 355 | 1 |
| Deutsche Bank | 12/17/25 | USD | 1927 | PLN | 6999 |  |
| Deutsche Bank | 12/17/25 | USD | 3657 | ILS | 12151 | 23 |

---

SEI Institutional International Trust 55

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Debt Fund** (Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency to Deliver<br> (Thousands)** | **Currency to Deliver<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| Deutsche Bank | 12/17/25 | USD | 4698 | INR | 415759 | $(40) |
| Deutsche Bank | 12/17/25 | USD | 6478 | CZK | 134705 | 43 |
| Deutsche Bank | 12/17/25 | ILS | 7268 | USD | 2162 | (39) |
| Deutsche Bank | 12/17/25 | USD | 7431 | THB | 234327 | (150) |
| Deutsche Bank | 12/17/25 | MXN | 17155 | USD | 916 | (12) |
| Deutsche Bank | 12/17/25 | PLN | 20527 | USD | 5652 |  |
| Deutsche Bank | 12/17/25 | TRY | 105765 | USD | 2345 | (51) |
| Deutsche Bank | 12/17/25 | PHP | 115592 | USD | 2020 | 39 |
| Deutsche Bank | 12/17/25 | INR | 155569 | USD | 1745 | 2 |
| Deutsche Bank | 12/17/25 | HUF | 271930 | USD | 810 | (7) |
| Deutsche Bank | 01/12/26 | HUF | 269960 | USD | 800 | (9) |
| Deutsche Bank | 02/03/26 | INR | 74285 | USD | 830 | 1 |
| Deutsche Bank | 03/18/26 | USD | 781 | EGP | 40490 | 7 |
| Deutsche Bank | 04/01/26 | USD | 1328 | EUR | 1120 |  |
| Deutsche Bank | 04/01/26 | HUF | 447440 | USD | 1328 | (7) |
| Deutsche Bank | 05/08/26 | INR | 155034 | USD | 1740 | 19 |
| Deutsche Bank | 05/11/26 | USD | 1421 | EUR | 1188 | (9) |
| Deutsche Bank | 05/11/26 | HUF | 490228 | USD | 1421 | (39) |
| Deutsche Bank | 05/26/26 | USD | 1406 | EUR | 1188 | 6 |
| Deutsche Bank | 05/26/26 | HUF | 483991 | USD | 1406 | (33) |
| Deutsche Bank | 07/01/26 | JPY | 121519 | USD | 876 | 33 |
| Goldman Sachs | 10/02/25 | USD | 1827 | BRL | 10109 | 72 |
| Goldman Sachs | 10/09/25 | USD | 2281 | TRY | 101543 | 145 |
| Goldman Sachs | 10/23/25 | USD | 578 | MXN | 10844 | 12 |
| Goldman Sachs | 10/24/25 | USD | 126 | ZAR | 2251 | 4 |
| Goldman Sachs | 12/10/25 | USD | 240 | ILS | 804 | 3 |
| Goldman Sachs | 12/15/25 | USD | 35 | PLN | 128 |  |
| Goldman Sachs | 12/17/25 | USD | 586 | MXN | 11010 | 10 |
| Goldman Sachs | 12/17/25 | MXN | 808 | USD | 43 | (1) |
| Goldman Sachs | 12/17/25 | USD | 2590 | TRY | 115365 | 24 |
| Goldman Sachs | 12/17/25 | USD | 2905 | ZAR | 50533 | 8 |
| Goldman Sachs | 12/17/25 | USD | 4275 | CNY | 30245 | 2 |
| Goldman Sachs | 12/17/25 | RON | 18917 | USD | 4352 | (7) |
| Goldman Sachs | 12/17/25 | ZAR | 57417 | USD | 3303 | (6) |
| Goldman Sachs | 02/04/26 | ZAR | 15266 | USD | 868 | (8) |
| HSBC | 10/02/25 | USD | 50 | RON | 220 | 1 |
| HSBC | 10/02/25 | USD | 134 | IDR | 2200000 | (2) |
| HSBC | 10/02/25 | USD | 437 | BRL | 2385 | 11 |
| HSBC | 10/02/25 | USD | 1030 | TRY | 43516 | 17 |
| HSBC | 10/03/25 | USD | 440 | PEN | 1529 | 2 |
| HSBC | 10/03/25 | PEN | 4853 | USD | 1371 | (29) |
| HSBC | 10/21/25 | PEN | 18084 | USD | 5135 | (83) |
| HSBC | 10/23/25 | USD | 1512 | TRY | 64100 | 3 |
| HSBC | 11/04/25 | RON | 3615 | USD | 834 | (1) |
| HSBC | 12/18/25 | TRY | 6860 | USD | 155 |  |
| ICBC Financial Services | 10/03/25 | USD | 916 | KZT | 497385 | (11) |
| ICBC Financial Services | 10/14/25 | USD | 528 | KZT | 284491 | (12) |
| ICBC Financial Services | 10/20/25 | USD | 455 | EGP | 23500 | 31 |
| ICBC Financial Services | 10/29/25 | USD | 1679 | EGP | 92189 | 218 |
| ICBC Financial Services | 11/03/25 | USD | 516 | KZT | 286694 | 2 |

---

56 SEI Institutional International Trust

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency to Deliver<br> (Thousands)** | **Currency to Deliver<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| JPMorgan Chase Bank | 10/01/25 | USD | 198 | MXN | 3700 | $4 |
| JPMorgan Chase Bank | 10/01/25 | MXN | 3700 | USD | 201 | (1) |
| JPMorgan Chase Bank | 10/02/25 | USD | 2216 | BRL | 12216 | 78 |
| JPMorgan Chase Bank | 10/02/25 | BRL | 9820 | USD | 1734 | (110) |
| JPMorgan Chase Bank | 10/02/25 | IDR | 25134172 | USD | 1531 | 22 |
| JPMorgan Chase Bank | 10/03/25 | USD | 478 | PEN | 1700 | 13 |
| JPMorgan Chase Bank | 10/10/25 | USD | 94 | COP | 370922 |  |
| JPMorgan Chase Bank | 10/10/25 | COP | 100875 | USD | 26 |  |
| JPMorgan Chase Bank | 10/10/25 | COP | 13798711 | USD | 3418 | (103) |
| JPMorgan Chase Bank | 10/14/25 | USD | 831 | EUR | 700 | (8) |
| JPMorgan Chase Bank | 10/14/25 | USD | 883 | HUF | 300361 | 22 |
| JPMorgan Chase Bank | 10/16/25 | USD | 719 | TRY | 30932 | 17 |
| JPMorgan Chase Bank | 10/16/25 | TRY | 32021 | USD | 730 | (32) |
| JPMorgan Chase Bank | 10/20/25 | USD | 142 | MXN | 2610 |  |
| JPMorgan Chase Bank | 10/20/25 | PEN | 10142 | USD | 2902 | (24) |
| JPMorgan Chase Bank | 10/21/25 | USD | 2607 | ARS | 3227000 | (356) |
| JPMorgan Chase Bank | 10/21/25 | TRY | 86923 | USD | 2049 | (8) |
| JPMorgan Chase Bank | 10/21/25 | ARS | 3227000 | USD | 2324 | 73 |
| JPMorgan Chase Bank | 10/24/25 | USD | 720 | INR | 63725 | (4) |
| JPMorgan Chase Bank | 10/24/25 | USD | 134 | IDR | 2240000 |  |
| JPMorgan Chase Bank | 10/24/25 | USD | 2976 | IDR | 48884686 | (46) |
| JPMorgan Chase Bank | 10/24/25 | IDR | 2417331 | USD | 145 | 1 |
| JPMorgan Chase Bank | 10/28/25 | USD | 198 | BRL | 1090 | 5 |
| JPMorgan Chase Bank | 10/28/25 | BRL | 354 | USD | 64 | (2) |
| JPMorgan Chase Bank | 11/03/25 | USD | 200 | MXN | 3700 | 1 |
| JPMorgan Chase Bank | 11/03/25 | USD | 2263 | PHP | 129164 | (47) |
| JPMorgan Chase Bank | 11/04/25 | USD | 17907 | BRL | 96437 | 43 |
| JPMorgan Chase Bank | 11/10/25 | USD | 189 | ZAR | 3320 | 3 |
| JPMorgan Chase Bank | 11/10/25 | USD | 670 | PLN | 2439 | 2 |
| JPMorgan Chase Bank | 11/10/25 | USD | 27 | PLN | 99 |  |
| JPMorgan Chase Bank | 11/10/25 | USD | 909 | MXN | 16852 | 6 |
| JPMorgan Chase Bank | 11/10/25 | PLN | 8334 | USD | 2259 | (38) |
| JPMorgan Chase Bank | 11/10/25 | ZAR | 171031 | USD | 9449 | (438) |
| JPMorgan Chase Bank | 11/10/25 | MXN | 173804 | USD | 9213 | (228) |
| JPMorgan Chase Bank | 11/13/25 | UZS | 866000 | USD | 65 | (7) |
| JPMorgan Chase Bank | 11/17/25 | USD | 8402 | KRW | 11573594 | (135) |
| JPMorgan Chase Bank | 11/17/25 | KRW | 51033 | USD | 37 |  |
| JPMorgan Chase Bank | 11/25/25 | RON | 30000 | EUR | 5757 | (135) |
| JPMorgan Chase Bank | 12/01/25 | USD | 431 | PHP | 24651 | (8) |
| JPMorgan Chase Bank | 12/08/25 | USD | 198 | BRL | 1086 | 3 |
| JPMorgan Chase Bank | 12/08/25 | CNY | 306 | USD | 43 |  |
| JPMorgan Chase Bank | 12/08/25 | USD | 3579 | HUF | 1228204 | 112 |
| JPMorgan Chase Bank | 12/08/25 | USD | 9764 | CNY | 69345 | 37 |
| JPMorgan Chase Bank | 12/08/25 | HUF | 9941 | USD | 30 |  |
| JPMorgan Chase Bank | 12/08/25 | BRL | 11183 | USD | 2011 | (56) |
| JPMorgan Chase Bank | 12/09/25 | USD | 91 | CLP | 88196 | 1 |
| JPMorgan Chase Bank | 12/09/25 | CLP | 91442 | USD | 95 |  |
| JPMorgan Chase Bank | 12/10/25 | USD | 458 | ILS | 1534 | 7 |
| JPMorgan Chase Bank | 12/15/25 | PLN | 879 | USD | 242 |  |
| JPMorgan Chase Bank | 12/17/25 | USD | 78 | CNY | 551 | – |

---

SEI Institutional International Trust 57

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Debt Fund** (Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency to Deliver<br> (Thousands)** | **Currency to Deliver<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| JPMorgan Chase Bank | 12/17/25 | USD | 123 | EGP | 6236 | $3 |
| JPMorgan Chase Bank | 12/17/25 | EUR | 894 | USD | 1053 | (3) |
| JPMorgan Chase Bank | 12/17/25 | ILS | 2655 | USD | 791 | (13) |
| JPMorgan Chase Bank | 12/17/25 | USD | 3323 | HUF | 1103322 | (10) |
| JPMorgan Chase Bank | 12/17/25 | USD | 3338 | MYR | 14040 | 10 |
| JPMorgan Chase Bank | 12/17/25 | TRY | 48729 | USD | 1090 | (14) |
| JPMorgan Chase Bank | 12/17/25 | CLP | 1063174 | USD | 1123 | 17 |
| JPMorgan Chase Bank | 12/17/25 | CLP | 97650 | USD | 101 | (1) |
| JPMorgan Chase Bank | 12/17/25 | COP | 5269017 | USD | 1341 | 9 |
| JPMorgan Chase Bank | 12/17/25 | COP | 861469 | USD | 216 | (2) |
| JPMorgan Chase Bank | 01/09/26 | PLN | 3075 | USD | 840 | (6) |
| JPMorgan Chase Bank | 01/20/26 | UZS | 4588247 | USD | 348 | (32) |
| JPMorgan Chase Bank | 02/02/26 | USD | 488 | PEN | 1700 | 1 |
| JPMorgan Chase Bank | 02/04/26 | USD | 73 | ZAR | 1280 |  |
| JPMorgan Chase Bank | 02/04/26 | ZAR | 20744 | USD | 1132 | (60) |
| JPMorgan Chase Bank | 02/12/26 | USD | 127 | ILS | 424 | 1 |
| JPMorgan Chase Bank | 02/12/26 | ILS | 5075 | USD | 1480 | (58) |
| JPMorgan Chase Bank | 03/16/26 | USD | 149 | UYU | 6090 |  |
| JPMorgan Chase Bank | 03/26/26 | USD | 81 | GHS | 1113 | (1) |
| JPMorgan Chase Bank | 03/30/26 | USD | 122 | GHS | 1669 | (1) |
| JPMorgan Chase Bank | 03/31/26 | USD | 486 | GHS | 6320 | (30) |
| JPMorgan Chase Bank | 05/11/26 | EUR | 712 | USD | 836 | (10) |
| JPMorgan Chase Bank | 07/01/26 | USD | 870 | JPY | 121519 | (27) |
| JPMorgan Chase Bank | 12/15/26 | USD | 127 | AZN | 228 | 7 |
| Morgan Stanley | 10/02/25 | NGN | 5533 | USD | 3 |  |
| Morgan Stanley | 10/02/25 | BRL | 9310 | USD | 1666 | (82) |
| Morgan Stanley | 10/14/25 | USD | 820 | EUR | 700 | 3 |
| Morgan Stanley | 10/14/25 | USD | 283 | EUR | 240 | (1) |
| Morgan Stanley | 10/23/25 | USD | 1196 | KRW | 1646000 | (22) |
| Morgan Stanley | 10/23/25 | MXN | 38287 | USD | 2031 | (52) |
| Morgan Stanley | 10/28/25 | USD | 303 | BRL | 1662 | 7 |
| Morgan Stanley | 11/12/25 | PEN | 6510 | USD | 1867 | (10) |
| Morgan Stanley | 11/14/25 | COP | 2039000 | USD | 497 | (21) |
| Morgan Stanley | 11/18/25 | HUF | 358969 | USD | 1051 | (29) |
| Morgan Stanley | 12/02/25 | USD | 313 | BRL | 1700 | 1 |
| Morgan Stanley | 12/04/25 | PLN | 4105 | USD | 1095 | (36) |
| Morgan Stanley | 12/11/25 | USD | 424 | BRL | 2307 | 2 |
| Morgan Stanley | 12/11/25 | USD | 350 | BRL | 1891 | (1) |
| Morgan Stanley | 12/17/25 | USD | 582 | PEN | 2029 | 3 |
| Morgan Stanley | 12/17/25 | USD | 615 | COP | 2387565 | (11) |
| Morgan Stanley | 12/17/25 | USD | 2180 | TRY | 96664 | 11 |
| Morgan Stanley | 12/17/25 | USD | 4212 | ZAR | 73724 | 38 |
| Morgan Stanley | 12/17/25 | PEN | 4938 | USD | 1411 | (13) |
| Morgan Stanley | 12/17/25 | CZK | 7181 | USD | 350 | 2 |
| Morgan Stanley | 12/17/25 | MXN | 22050 | USD | 1178 | (14) |
| Morgan Stanley | 12/17/25 | ZAR | 74520 | USD | 4257 | (39) |
| Morgan Stanley | 12/17/25 | HUF | 847924 | USD | 2523 | (23) |
| Morgan Stanley | 12/17/25 | IDR | 13201587 | USD | 790 |  |
| Morgan Stanley | 01/29/26 | USD | 575 | ZAR | 10100 | 5 |
| Morgan Stanley | 02/04/26 | USD | 204 | ZAR | 3641 | 6 |

---

58 SEI Institutional International Trust

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency to Deliver<br> (Thousands)** | **Currency to Deliver<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| NatWest Markets, Inc. | 10/02/25 | IDR | 15299400 | USD | 937 | $19 |
| RBC | 10/03/25 | PEN | 600 | USD | 172 | (2) |
| RBC | 10/21/25 | PEN | 700 | USD | 198 | (4) |
| RBC | 12/17/25 | USD | 223 | INR | 19900 |  |
| RBC | 12/17/25 | USD | 346 | PEN | 1200 |  |
| SCB Securities | 10/02/25 | EUR | 73 | PLN | 310 |  |
| SCB Securities | 10/02/25 | USD | 430 | HUF | 146200 | 11 |
| SCB Securities | 10/02/25 | USD | 2075 | TRY | 87668 | 34 |
| SCB Securities | 10/02/25 | EUR | 3555 | CZK | 87000 | 25 |
| SCB Securities | 10/02/25 | USD | 8256 | CZK | 172315 | 66 |
| SCB Securities | 10/02/25 | USD | 12969 | PLN | 47281 | 63 |
| SCB Securities | 10/02/25 | HUF | 146200 | EUR | 367 | (10) |
| SCB Securities | 10/24/25 | USD | 550 | UZS | 7547205 | 76 |
| SCB Securities | 10/28/25 | USD | 551 | UZS | 7547205 | 75 |
| SCB Securities | 10/30/25 | USD | 110 | UZS | 1504007 | 14 |
| SCB Securities | 10/30/25 | UZS | 4679000 | USD | 372 | (16) |
| SCB Securities | 11/04/25 | EUR | 73 | PLN | 310 |  |
| SCB Securities | 11/04/25 | USD | 440 | HUF | 146200 |  |
| SCB Securities | 11/04/25 | USD | 639 | BRL | 3433 |  |
| SCB Securities | 11/04/25 | EUR | 3572 | CZK | 87000 | 1 |
| SCB Securities | 11/04/25 | USD | 8329 | CZK | 172315 | 4 |
| SCB Securities | 11/04/25 | USD | 13506 | PLN | 49021 | 2 |
| SCB Securities | 11/04/25 | HUF | 146200 | EUR | 374 |  |
| SCB Securities | 11/06/25 | USD | 524 | UZS | 7161937 | 69 |
| SCB Securities | 11/13/25 | USD | 194 | UZS | 2623807 | 24 |
| SCB Securities | 11/20/25 | USD | 369 | UZS | 4949387 | 41 |
| SCB Securities | 12/17/25 | USD | 124 | EUR | 106 | 1 |
| SCB Securities | 12/17/25 | USD | 4476 | EUR | 3787 | (6) |
| SCB Securities | 12/17/25 | EUR | 5885 | USD | 6956 | 10 |
| SCB Securities | 12/17/25 | ZAR | 32493 | USD | 1857 | (16) |
| SCB Securities | 01/21/26 | USD | 697 | UZS | 8986987 | 48 |
| SCB Securities | 06/03/26 | USD | 411 | AZN | 725 | 16 |
| Societe Generale | 10/02/25 | USD | 1029 | TRY | 43516 | 17 |
| Societe Generale | 10/02/25 | RON | 3738 | USD | 859 | (5) |
| Societe Generale | 10/02/25 | EUR | 5377 | RON | 27360 | 9 |
| Societe Generale | 10/03/25 | USD | 916 | KZT | 496790 | (12) |
| Societe Generale | 10/21/25 | PEN | 18084 | USD | 5115 | (103) |
| Societe Generale | 10/29/25 | USD | 609 | EGP | 30411 | 17 |
| Societe Generale | 11/03/25 | USD | 1032 | KZT | 573440 | 4 |
| Societe Generale | 11/04/25 | RON | 960 | USD | 221 |  |
| Societe Generale | 11/04/25 | EUR | 5365 | RON | 27360 | 3 |
| Societe Generale | 12/17/25 | COP | 16730404 | USD | 4250 | 21 |
| Standard Bank | 12/17/25 | USD | 1306 | EGP | 65290 | 8 |
| Standard Bank | 12/17/25 | IDR | 11698478 | USD | 703 | 3 |
| Standard Bank | 05/08/26 | INR | 8544 | USD | 95 |  |
| UBS | 10/02/25 | BRL | 16614 | USD | 3128 | 9 |
| UBS | 10/28/25 | USD | 542 | BRL | 2990 | 15 |
| UBS | 11/04/25 | USD | 3104 | BRL | 16614 | (12) |
| UBS | 11/14/25 | THB | 4900 | USD | 155 | 3 |
| UBS | 12/11/25 | USD | 265 | BRL | 1435 | – |

---

SEI Institutional International Trust 59

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Debt Fund** (Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | | **Currency to Deliver<br> (Thousands)** | | **Currency to Receive<br> (Thousands)** | **Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| UBS | 12/17/25 | IDR | 38233572 | USD | 2284 | $(3) |
| Wells Fargo | 10/02/25 | RON | 3894 | USD | 896 | (4) |
| Wells Fargo | 11/04/25 | USD | 188 | CZK | 3900 |  |
| Wells Fargo | 11/04/25 | RON | 3797 | USD | 877 |  |
|  |  |  |  |  |  | $(420) |

---

A list of the open OTC swap agreements held by the Fund at September 30, 2025, is as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** |
| **Counterparty** | **Reference Entity/ Obligation** | **Buy/Sell<br> Protection** | **(Pays)/Receives**<br> **Rate** | **Payment<br> Frequency** | **Termination<br> Date** | **Notional**<br> **Amount**<br> **(Thousands)** | **Value**<br> **(Thousands)** | **Upfront**<br> **Payments/**<br> **Receipts**<br> **(Thousands)** | **Net Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br> **(Thousands)** |
| Morgan Stanley | COLOMBIA | Buy | 1.00% | Quarterly | 12/20/2026 | $4300 | $(13) | $(7) | $(6) |
| Morgan Stanley | EGYPT | Buy | 1.00% | Quarterly | 12/20/2028 | 1700 | 110 | 410 | (300) |
| Bank of America | ISRAEL | Buy | 1.00% | Quarterly | 12/20/2029 | 900 | (11) | 16 | (27) |
| JPMorgan Chase | ISRAEL | Buy | 1.00% | Quarterly | 12/20/2029 | 300 | (4) | 4 | (8) |
| Morgan Stanley | MEXICO | Buy | 1.00% | Quarterly | 12/20/2029 | 4800 | (54) | 33 | (87) |
| JPMorgan Chase | SOUTH AFRICA | Buy | 1.00% | Quarterly | 12/20/2026 | 3300 | (25) | (13) | (12) |
| Morgan Stanley | SOUTH AFRICA | Buy | 1.00% | Quarterly | 12/20/2026 | 5000 | 1 | 11 | (10) |
| Morgan Stanley | SOUTH AFRICA | Buy | 1.00% | Quarterly | 12/20/2030 | 2300 | 68 | 91 | (23) |
| Morgan Stanley | SOUTH AFRICA | Buy | 1.00% | Quarterly | 12/20/2030 | 600 | 18 | 17 | 1 |
|  |  |  |  |  |  |  | $90 | $562 | $(472) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Interest Rate Swap** | **Interest Rate Swap** | **Interest Rate Swap** | **Interest Rate Swap** | **Interest Rate Swap** | **Interest Rate Swap** | **Interest Rate Swap** | **Interest Rate Swap** | **Interest Rate Swap** | **Interest Rate Swap** |
| **Counterparty** | **Fund Pays** | **Fund Receives** | **Payment Frequency** | **Termination<br> Date** | **Currency** | **Notional**<br> **Amount**<br> **(Thousands)** | **Value**<br> **(Thousands)** | **Upfront**<br> **Payments**<br> **(Thousands)** | **Net Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br> **(Thousands)** |
| JPMorgan Chase | 38.9% | BISTTREF | Quarterly | 03/30/2026 | TRY | 131000 | $6 | $– | $6 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swaps** | **Total Return Swaps** | **Total Return Swaps** | **Total Return Swaps** | **Total Return Swaps** | **Total Return Swaps** | **Total Return Swaps** | **Total Return Swaps** | **Total Return Swaps** | **Total Return Swaps** | **Total Return Swaps** |
| **Counterparty** | **Reference Entity/<br> Obligation** | **Fund Pays** | **Fund Receives** | **Payment<br> Frequency** | **Termination<br> Date** | **Currency** | **Notional**<br> **Amount**<br> **(Thousands)** | **Value**<br> **(Thousands)** | **Upfront**<br> **Payments/**<br> **Receipts**<br> **(Thousands)** | **Net Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br> **(Thousands)** |
| JPMorgan Chase | PAYB TRSJPEICRIG 10/30/25 | JPEICRIG + 0 BS | USD - SECURED OVERNIGHT FINANCING RATE | Monthly | 10/30/2025 | USD | 1010 | $7 | $– | $7 |
| JPMorgan Chase | ZAMBIA 06/28/26 | USD - SECURED OVERNIGHT FINANCING RATE | ZAMBIA | Quarterly | 06/28/2026 | ZMW | 11200 | 1 | – | 1 |
|  |  |  |  |  |  |  |  | $8 | $– | $8 |

---

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2025, is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** |
| **Reference Entity/ Obligation** | **Buy/Sell<br> Protection** | **(Pays)/**<br> **Receives Rate** | **Payment<br> Frequency** | **Termination Date** | **Notional Amount**<br> **(Thousands)** | **Value**<br> **(Thousands)** | **Upfront Payments/**<br> **Receipts**<br> **(Thousands)** | **Net Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br> **(Thousands)** |
| CDX.EM.43.V1 1.0 06/20/30 | Buy | 1.00% | Quarterly | 06/20/2030 | $12200 | $188 | $235 | $(47) |

---

60 SEI Institutional International Trust

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Interest Rate Swaps** | **Interest Rate Swaps** | **Interest Rate Swaps** | **Interest Rate Swaps** | **Interest Rate Swaps** | **Interest Rate Swaps** | **Interest Rate Swaps** | **Interest Rate Swaps** | **Interest Rate Swaps** |
| **Fund Pays** | **Fund Receives** | **Payment<br> Frequency** | **Termination Date** | **Currency** | **Notional**<br> **Amount**<br> **(Thousands)** | **Value**<br> **(Thousands)** | **Upfront**<br> **Payments/**<br> **Receipts**<br> **(Thousands)** | **Net Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br> **(Thousands)** |
| 1.40% | THB - THOR | Quarterly | 12/17/2035 | THB | 82000 | $18 | $1 | $17 |
| CETIP | 15% | Annually | 01/02/2029 | BRL | 39002 | 453 | (5) | 458 |
| 2.2% | EURIBOR | Annually | 03/19/2035 | EUR | 4500 | 200 | 21 | 179 |
| BZDIOVRA | 14.86% | Annually | 01/02/2029 | BRL | 35793 | 389 |  | 389 |
| 2.2322% | 6-MONTH EURIBOR | Annually | 12/18/2034 | EUR | 1900 | 74 |  | 74 |
| BZDIOVRA | 15.38% | Annually | 01/02/2029 | BRL | 6579 | 93 |  | 93 |
| SOFR | 4.07% | Annually | 02/13/2030 | USD | 1802 | 52 |  | 52 |
| 3.9% | 6-MONTH PRIBOR | Annually | 06/18/2035 | CZK | 35000 | 37 | 5 | 32 |
| THB - THOR | 1.718% | Quarterly | 06/18/2030 | THB | 45000 | 37 |  | 37 |
| 1-DAY MIBOR | 5.96% | Semi-Annually | 06/18/2030 | INR | 410000 | 46 |  | 46 |
| BZDIOVRA | 14.77% | Annually | 01/02/2029 | BRL | 9973 | 99 |  | 99 |
| THB - THOR | 1.3% | Quarterly | 06/18/2028 | THB | 150000 | 32 |  | 32 |
| COOVIBR | 8.03% | Quarterly | 05/06/2027 | COP | 16250000 | (30) |  | (30) |
| COOVIBR | 7.74% | Quarterly | 09/17/2027 | COP | 11500000 | (39) |  | (39) |
| 8.87% | COOVIBR | Quarterly | 09/17/2035 | COP | 4800000 | 23 |  | 23 |
| BZDIOVRA | 13.3125% | Annually | 01/02/2029 | BRL | 16706 | 17 |  | 17 |
| 4.45% | 6-MONTH WIBOR | Annually | 09/17/2035 | PLN | 8700 | 16 | 4 | 12 |
| CLICP | 4.712% | Semi-Annually | 09/17/2030 | CLP | 1800000 | (9) |  | (9) |
| 4.405% | CLICP | Semi-Annually | 09/17/2027 | CLP | 4000000 | 12 |  | 12 |
| 5.165% | CLICP | Semi-Annually | 09/17/2035 | CLP | 1200000 | 7 |  | 7 |
| 6-MONTH BUBOR | 5.85% | Semi-Annually | 09/17/2028 | HUF | 600000 | (17) | (6) | (11) |
| 6-MONTH BUBOR | 6.05% | Semi-Annually | 09/17/2030 | HUF | 800000 | (22) | (7) | (15) |
| 6-MONTH PRIBOR | 3.4% | Semi-Annually | 09/17/2030 | CZK | 33000 | (38) | (4) | (34) |
| 6-MONTH PRIBOR | 5.885% | Semi-Annually | 09/17/2028 | HUF | 1300000 | (33) |  | (33) |
| 9.55% | COOVIBR | Quarterly | 09/17/2035 | COP | 2300000 | (15) |  | (15) |
| 3.69% | SOFR | Annually | 07/02/2035 | USD | 4944 | (19) | 1 | (20) |
| 1-DAY MIBOR | 5.471% | Semi-Annually | 09/17/2027 | INR | 800000 | 25 |  | 25 |
| BZDIOVRA | 13.585% | Annually | 01/02/2029 | BRL | 14165 | 37 |  | 37 |
| BZDIOVRA | 13.5375% | Annually | 01/02/2029 | BRL | 4532 | 10 |  | 10 |
| 4.1127% | SOFR | Annually | 07/25/2055 | USD | 950 | (30) |  | (30) |
| 6-MONTH PRIBOR | 3.55% | Semi-Annually | 09/17/2027 | CZK | 92000 | (12) |  | (12) |
| 4.03% | 6-MONTH WIBOR | Annually | 09/17/2027 | PLN | 32600 | 12 |  | 12 |
| 7.85% | 1-DAY MXIBTIEF | Monthly | 12/05/2035 | MXN | 22000 | (6) | (1) | (5) |
| 1-DAY MXIBTIEF | 7.35% | Monthly | 12/11/2030 | MXN | 34000 | 1 |  | 1 |
| 6.628% | 3-MONTH JIBAR | Quarterly | 12/17/2027 | ZAR | 164500 | 9 |  | 9 |
| SOFR | 3.4143% | Annually | 09/29/2027 | USD | 4503 | 2 |  | 2 |
| SOFR | 3.4258% | Annually | 10/01/2027 | USD | 4183 | 3 |  | 3 |
| China 7-Day Reverse Repo Rate | 1.416% | Quarterly | 12/17/2029 | CNY | 64070 | (76) |  | (76) |
| INR - Overnight MIBOR | 6.08% | Semi-Annually | 12/19/2029 | INR | 908000 | 155 |  | 155 |
| 6-MONTH PRIBOR | 3.6745% | Semi-Annually | 12/20/2034 | CZK | 133930 | (235) | (5) | (230) |
| 6-MONTH WIBOR | 5.0295% | Semi-Annually | 12/20/2034 | PLN | 4200 | 48 |  | 48 |
| 1-DAY MXIBTIEE | 8.89% | Monthly | 12/18/2026 | MXN | 473064 | 562 | 35 | 527 |
| CETIP | 15.26% | Annually | 01/02/2029 | BRL | 18400 | 248 |  | 248 |
| 1-DAY MXIBTIEE | 8.905% | Monthly | 12/18/2026 | MXN | 169316 | 203 |  | 203 |
| THB - THOR | 1.9045% | Quarterly | 12/20/2029 | THB | 110700 | 111 |  | 111 |
| INR - Overnight MIBOR | 6.0675% | Semi-Annually | 02/03/2030 | INR | 332285 | 54 | 15 | 39 |
| 1-DAY MIBOR | 6.04% | Semi-Annually | 02/04/2030 | INR | 336920 | 51 | (5) | 56 |
| 1-DAY MXIBTIEE | 8.5235% | Monthly | 02/20/2035 | MXN | 109520 | 330 | 177 | 153 |
| 2.0195% | THB - THOR | Quarterly | 03/21/2035 | THB | 21630 | (37) |  | (37) |
| 1-DAY MIBOR | 5.7645% | Semi-Annually | 04/09/2030 | INR | 213700 | 7 | 2 | 5 |
| 6-MONTH WIBOR | 4.0405% | Semi-Annually | 04/11/2030 | PLN | 6843 | (8) |  | (8) |
| 6-MONTH WIBOR | 4.325% | Semi-Annually | 04/15/2035 | PLN | 14710 | (49) | (3) | (46) |
| CETIP | 13.5403% | Annually | 01/02/2030 | BRL | 8700 | 23 | 7 | 16 |
| 3-MONTH JIBAR | 7.327% | Quarterly | 07/10/2030 | ZAR | 43200 | 35 | – | 35 |

---

SEI Institutional International Trust 61

**SCHEDULE OF INVESTMENTS**

September 30, 2025

**Emerging Markets Debt Fund** (Concluded)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fund Pays** | **Fund Receives** | **Payment<br> Frequency** | **Termination Date** | **Currency** | **Notional<br> Amount<br> (Thousands)** | **Value<br> (Thousands)** | **Upfront<br> Payments/<br> Receipts<br> (Thousands)** | **Net Unrealized<br> Appreciation<br> (Depreciation)<br> (Thousands)** |
| 1-DAY MIBOR | 5.701% | Semi-Annually | 07/11/2030 | INR | 301300 | $(3) | $– | $(3) |
| CETIP | 13.4043% | Annually | 01/03/2028 | BRL | 16600 | 7 |  | 7 |
| CETIP | 13.28% | Annually | 01/03/2028 | BRL | 77900 | (3) | 2 | (5) |
| 7.1265% | 3-MONTH BA | Quarterly | 08/19/2030 | ZAR | 6400 | (2) |  | (2) |
| 3-MONTH KWCDC | 2.6645% | Quarterly | 03/19/2030 | KRW | 1734000 | (4) |  | (4) |
| 3-MONTH KWCDC | 2.6805% | Quarterly | 03/19/2030 | KRW | 1866000 | (4) |  | (4) |
| 2.4% | 6-MONTH EURIBOR | Annually | 03/20/2054 | EUR | 500 | 58 | 15 | 43 |
| 3-MONTH JIBAR | 9.15% | Quarterly | 03/20/2039 | ZAR | 30700 | 99 | 15 | 84 |
| SOFR | 4.00% | Annually | 09/18/2034 | USD | 7000 | 216 | 55 | 161 |
| 1.1% | JPY - TONAR | Annually | 09/18/2034 | JPY | 726000 | 137 | (8) | 145 |
| 4.6% | SONIA | Annually | 09/17/2055 | GBP | 2200 | 18 | (5) | 23 |
|  |  |  |  |  |  | $3375 | $306 | $3069 |

---

Percentages are based on Net Assets of $943,363 ($ Thousands).

&nbsp;&nbsp;&nbsp;&nbsp;(A) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(B) Variable or floating rate security. The rate shown is the effective
 interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either
 determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by
 adjusting periodically based on prevailing interest rates.

&nbsp;&nbsp;&nbsp;&nbsp;(C) No interest rate available.

&nbsp;&nbsp;&nbsp;&nbsp;(D) 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 September 30, 2025, the value of these securities amounted to $94,614 ($ Thousands), representing 10.0% of the Net Assets
 of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(E) Zero coupon security.

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

&nbsp;&nbsp;&nbsp;&nbsp;(G) Security is in default on interest payment.

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

The following is a summary of the level of inputs used as of September 30, 2025, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Level 1<br> ($)** | **Level 2<br> ($)** | **Level 3**<br> **($)<sup>(1)</sup>** | **Total<br> ($)** |
| &nbsp;&nbsp;&nbsp;Global Bonds |  | 872165 |  | 872165 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Obligations |  | 19909 |  | 19909 |
| &nbsp;&nbsp;&nbsp;Loan Participations |  | 7536 | 1163 | 8699 |
| &nbsp;&nbsp;&nbsp;Purchased Options | 1513 | – | – | 1513 |
| Total Investments in Securities | 1513 | 899610 | 1163 | 902286 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1<br> ($)** | **Level 2<br> ($)** | **Level 3<br> ($)** | **Total<br> ($)** |
| &nbsp;&nbsp;&nbsp;Written Options | (507) |  |  | (507) |
| &nbsp;&nbsp;&nbsp;Futures Contracts\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation | 5 |  |  | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation | (24) |  |  | (24) |
| &nbsp;&nbsp;&nbsp;Forward Contracts\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation |  | 3345 |  | 3345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation |  | (3765) |  | (3765) |
| &nbsp;&nbsp;&nbsp;OTC Swaps |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit Default Swaps\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation |  | 1 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation |  | (473) |  | (473) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest Rate Swap\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation |  | 6 |  | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Return Swaps\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation |  | 8 |  | 8 |
| &nbsp;&nbsp;&nbsp;Centrally Cleared Swaps |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit Default Swaps\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation |  | (47) |  | (47) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest Rate Swaps\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Appreciation |  | 3737 |  | 3737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation | – | (668) |  | (668) |
| Total Other Financial Instruments | (526) | 2144 |  | 1618 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(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.

<sup>\*</sup> 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.

62 SEI Institutional International Trust

**Glossary: (abbreviations which may be used in the preceding Schedules of Investments)**

---

| |
|:---|
| **Currency Abbreviations** |
| AUD — Australian Dollar |
| BRL — Brazilian Real |
| CAD — Canadian Dollar |
| CLP — Chilean Peso |
| CNH — Chinese Yuan Offshore |
| CNY — Chinese Yuan Onshore |
| COP — Colombian Peso |
| CZK — Czech Koruna |
| DKK — Danish Krone |
| EUR — Euro |
| GHS — Ghanaian Cedi |
| HKD — Hong Kong Dollar |
| HUF — Hungarian Forint |
| IDR — Indonesian Rupiah |
| ILS — Israeli New Sheckels |
| INR — Indian Rupee |
| JPY — Japanese Yen |
| KRW — Korean Won |
| MXN — Mexican Peso |
| MYR — Malaysian Ringgit |
| NGN — Nigerian Naira |
| NOK — Norwegian Krone |
| NZD — New Zealand Dollar |
| PEN — Peruvian Nuevo Sol |
| PHP— Philippine Peso |
| PLN — Polish Zloty |
| RON — Romanian Leu |
| RSD — Dinar |
| RUB — Russian Ruble |
| SEK — Swedish Krona |
| SGD — Singapore Dollar |
| THB — Thai Baht |
| TRY — Turkish Lira |
| TWD — Taiwan Dollar |
| UAH — Ukrainian Hryvnia |
| UGX — Ugandan Shilling |
| USD — U.S. Dollar |
| UYU — Uruguayan Peso |
| VND — Vietnamese Dong |
| ZAR — South African Rand |

---

---

| |
|:---|
| **Portfolio Abbreviations** |
| ACES — Alternative Credit Enhancement Structure |
| ADR — American Depositary Receipt |
| AGC — Assured Guaranty Corporation |
| AGM— Assured Guaranty Municipal |
| ARM — Adjustable Rate Mortgage |
| BPSW5 — GBP Swap 5 Year |
| BROIS — Brazil Overnight Index Swap |
| BURBOR — Budapest Interbank Offered Rate |
| CETIP — Central Custody and Financial Settlement of Securities |
| CME — Chicago Mercantile Exchange |
| CDO — Collateralized Debt Obligation |
| CMTUSD6Y — Constant Maturity Treasury 6 Year |
| Cl — Class |
| CMO — Collateralized Mortgage Obligation |
| CPI — Consumer Price Index |
| DAC — Designated Activity Company |
| EUAMDBO1 — EURIBOR ICE Swap Rate 11:00am |
| EUAMDB05 — EURIBOR ICE Swap Rate 11:00am |
| ETF — Exchange-Traded Fund |
| EURIBOR — Euro London Interbank Offered Rate |
| EUR003M — EURIBOR 3 Month |
| EUSA1 — EUR Swap Annual 1 Year |
| EUSA5 — EUR Swap Annual 5 Year |
| EUSA6 — EUR Swap Annual 6 Year |
| EUSA9 — EUR Swap Annual 9 Year |
| EUSA12 — EUR Swap Annual 12 Year |
| FEDEF — U.S. Federal Funds Effective Rate |
| FFCB — Federal Farm Credit Bank |
| FHLB — Federal Home Loan Bank |
| FHLMC — Federal Home Loan Mortgage Corporation |
| FNMA — Federal National Mortgage Association |
| GNMA — Government National Mortgage Association |
| GO — General Obligation |
| GUKG1 — United Kingdom Government Bonds 1 Year Note Generic Bid Yield |
| GUKG5 — United Kingdom Government Bonds 5 Year Note Generic Bid Yield |
| H15T5Y — US Treasury Curve Rate T Note Constant Maturity 5 Year |
| H15T7Y — US Treasury Curve Rate T Note Constant Maturity 7 Year |
| IO — Interest Only — face amount represents notional amount |
| 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 |

---

SEI Institutional International Trust 63

**Glossary: (abbreviations which may be used in the preceding Schedules of Investments)**

(Concluded)

SOFRRATE — U.S. SOFR

SOFR30A — Secured Overnight Financing Rate 30-day Average

SOFRINDX — Custom SOFR Index

SONIA — Sterling Overnight Index Average

SONIO/N — SONIA Interest Rate Benchmark

SPDR — Standard & Poor's Depository Receipt

STACR — Structured Agency Credit Risk

TBA — To Be Announced

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

64 SEI Institutional International Trust

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

September 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **International Equity<br> Fund** | **Emerging Markets<br> Equity Fund** | **International Fixed<br> Income Fund** | **Emerging Markets<br> Debt Fund** |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments, at value <sup>†</sup> | $3556073 | $1559249 | $361865 | $902286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affiliated investments, at value <sup>††</sup> | 37536 | 21557 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash | 46204 | 13380 | 6933 | 23453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash pledged as collateral for futures contracts | 2509 | 651 | 1436 | 131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash pledged as collateral on centrally cleared swap contracts |  |  | 2077 | 6768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash pledged as collateral on OTC swap contracts |  |  | 2341 | 6120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign currency, at value <sup>†††</sup> | 11934 | 7463 | 2099 | 2623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable for fund shares sold | 579 | 197 | 248 | 415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable for investment securities sold | 1788 | 2733 |  | 18761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends and interest receivable | 8110 | 3198 | 4218 | 15207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized gain on forward foreign currency contracts |  |  | 2603 | 3345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized gain on foreign spot currency contracts |  |  |  | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from broker |  |  |  | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OTC Swap contracts, at value <sup>††††</sup> |  |  |  | 2215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign tax reclaim receivable | 28665 | 263 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable for variation margin | 92 | 73 | 1839 | 1237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | 42 | 17 | 4 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Assets | 3693532 | 1608781 | 385663 | 982740 |
| **Liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable for investment securities purchased | 168 | 4534 | 4406 | 28942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable for fund shares redeemed | 2550 | 4616 | 143 | 750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OTC Swap contracts, at value <sup>††††</sup> | 1956 |  | 11 | 2111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Options written, at value <sup>†††††</sup> |  |  |  | 507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to broker |  |  | 90 | 1100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable for variation margin | 12 |  | 1690 | 1185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administration fees payable | 679 | 156 | 90 | 263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized loss on foreign currency spot contracts | 1 | 1 |  | 119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized loss on forward foreign currency contracts |  |  | 2348 | 3765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trustees fees payable | 2 | 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief compliance officer fees payable | 7 | 3 | 1 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administrative servicing fees payable | 4 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholder servicing fees payable | 662 | 294 | 68 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory fees payable | 1515 | 909 | 92 | 287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expense payable | 369 | 317 | 90 | 171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued foreign capital gains tax on appreciated securities | – | 2510 | – | – |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities | 7925 | 13341 | 9029 | 39377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $3685607 | $1595440 | $376634 | $943363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>†</sup> Cost of investments | $2763541 | $1133560 | $365405 | $862482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>††</sup> Cost of affiliated investments | 37536 | 21557 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>†††</sup> Cost of foreign currency | 11904 | 7203 | 2150 | 2466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>††††</sup> Cost (premiums received) |  |  | 23 | 562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>†††††</sup> Premiums received from written options |  |  |  | 862 |

---

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

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

SEI Institutional International Trust 65

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

September 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **International Equity<br> Fund** | **Emerging Markets<br> Equity Fund** | **International Fixed<br> Income Fund** | **Emerging Markets<br> Debt Fund** |
| **Net Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paid-in Capital — (unlimited authorization — no par value) | $2417247 | $1198958 | $426818 | $1186427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total distributable earnings/(loss) | 1268360 | 396482 | (50184) | (243064) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $3685607 | $1595440 | $376634 | $943363 |
| Net Asset Value, Offering and Redemption Price Per Share — Class F | $14.37 | $13.99 | $9.17 | $9.38 |
|  | ($3,269,789,495 ÷ | ($1,443,376,099 ÷ | ($334,967,663 ÷ | ($852,574,788 ÷ |
|  | 227,538,593 shares) | 103,166,911 shares) | 36,524,143 shares) | 90,847,606 shares) |
| Net Asset Value, Offering and Redemption Price Per Share — Class I | $14.40 | N/A | N/A | N/A |
|  | ($964,822 ÷ |  |  |  |
|  | 66,999 shares) |  |  |  |
| Net Asset Value, Offering and Redemption Price Per Share — Class Y | $14.37 | $14.00 | $9.25 | $9.30 |
|  | ($414,852,752 ÷ | ($152,064,159 ÷ | ($41,666,113 ÷ | ($90,787,769 ÷ |
|  | 28,867,697 shares) | 10,860,892 shares) | 4,502,299 shares) | 9,763,083 shares) |

---

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

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

66 SEI Institutional International Trust

**STATEMENTS OF OPERATIONS ($ Thousands)**

For the year ended September 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **International Equity<br> Fund** | **Emerging Markets<br> Equity Fund** | **International Fixed<br> Income Fund** | **Emerging Markets<br> Debt Fund** |
| **Investment Income:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividends | $114615 | $48959 | $– | $– |
| &nbsp;&nbsp;&nbsp;Income from affiliated investments<sup>(1)</sup> | 1642 | 592 |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | 5285 | 448 | 12871 | 74595 |
| &nbsp;&nbsp;&nbsp;Less: foreign taxes withheld | (10092) | (5508) | (182) | (796) |
| &nbsp;&nbsp;&nbsp;Total Investment Income | 111450 | 44491 | 12689 | 73799 |
| **Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investment advisory fees | 17804 | 10258 | 1101 | 5566 |
| &nbsp;&nbsp;&nbsp;Administration fees | 11023 | 5561 | 1395 | 3525 |
| &nbsp;&nbsp;&nbsp;Shareholder servicing fees — Class F | 7882 | 3334 | 823 | 2105 |
| &nbsp;&nbsp;&nbsp;Shareholder servicing fees — Class I | 2 |  |  |  |
| &nbsp;&nbsp;&nbsp;Administrative servicing fees — Class I | 2 |  |  |  |
| &nbsp;&nbsp;&nbsp;Custodian/wire agent fees | 744 | 883 | 202 | 484 |
| &nbsp;&nbsp;&nbsp;Proxy fees | 627 | 251 | 67 | 167 |
| &nbsp;&nbsp;&nbsp;Printing fees | 599 | 252 | 62 | 157 |
| &nbsp;&nbsp;&nbsp;Professional fees | 196 | 83 | 20 | 49 |
| &nbsp;&nbsp;&nbsp;Registration fees | 105 | 42 | 11 | 32 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | 104 | 43 | 11 | 27 |
| &nbsp;&nbsp;&nbsp;Chief compliance officer fees | 29 | 13 | 3 | 7 |
| &nbsp;&nbsp;&nbsp;Other expenses | 213 | 90 | 101 | 174 |
| &nbsp;&nbsp;&nbsp;Total Expenses | 39330 | 20810 | 3796 | 12293 |
| &nbsp;&nbsp;&nbsp;Less: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Waiver of investment advisory fees |  |  |  | (2133) |
| &nbsp;&nbsp;&nbsp;Waiver of administration fees | (1740) | (2761) | (289) | (498) |
| &nbsp;&nbsp;&nbsp;Waiver of shareholder servicing fees — Class F | (63) | – | – | – |
| &nbsp;&nbsp;&nbsp;Net Expenses | 37527 | 18049 | 3507 | 9662 |
| **Net Investment Income** | **73923** | **26442** | **9182** | **64137** |
| **Net Realized Gain (Loss) on:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments | 483838 | 106390 | (2977) | (192) |
| &nbsp;&nbsp;&nbsp;Written options |  |  |  | (1199) |
| &nbsp;&nbsp;&nbsp;Futures contracts | 5948 | 4285 | 527 | (1362) |
| &nbsp;&nbsp;&nbsp;Swap contracts | 41467 |  | (97) | (153) |
| &nbsp;&nbsp;&nbsp;Purchased options |  |  |  | 1933 |
| &nbsp;&nbsp;&nbsp;Capital gains tax | (143) | (2485) |  |  |
| &nbsp;&nbsp;&nbsp;Foreign currency transactions | (3127) | (933) | 2557 | (15459) |
| &nbsp;&nbsp;&nbsp;Forward foreign currency contracts | – | – | (8384) | 4111 |
| **Net Realized Gain (Loss)** | 527983 | 107257 | (8374) | (12321) |
| **Net Change in Unrealized Appreciation (Depreciation) on:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments | 38540 | 114624 | 286 | 28260 |
| &nbsp;&nbsp;&nbsp;Written options |  |  |  | 356 |
| &nbsp;&nbsp;&nbsp;Futures contracts | (17) | (827) | 332 | 290 |
| &nbsp;&nbsp;&nbsp;Purchased options |  |  |  | (24) |
| &nbsp;&nbsp;&nbsp;Swap contracts | 2559 |  | 235 | 3458 |
| &nbsp;&nbsp;&nbsp;Foreign capital gains tax on appreciated securities |  | 4470 |  |  |
| &nbsp;&nbsp;&nbsp;Foreign currency translation of other assets and liabilities denominated in foreign currencies | 1467 | 428 | (78) | 220 |
| &nbsp;&nbsp;&nbsp;Forward foreign currency contracts | – | – | 6139 | (3523) |
| **Net Change in Unrealized Appreciation (Depreciation)** | **42549** | **118695** | **6914** | **29037** |
| **Net Increase in Net Assets Resulting from Operations** | $**644455** | $**252394** | $**7722** | $**80853** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(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.

SEI Institutional International Trust 67

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

For the years ended September 30,

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **International Equity Fund** | **International Equity Fund** | **Emerging Markets Equity Fund** | **Emerging Markets Equity Fund** |
|  | 2025 | 2024 | 2025 | 2024 |
| **Operations:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income | $73923 | $81024 | $26442 | $26252 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | 527983 | 290264 | 107257 | 36361 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 42549 | 509103 | 118695 | 242837 |
| &nbsp;&nbsp;&nbsp;Net Increase in Net Assets Resulting from Operations | 644455 | 880391 | 252394 | 305450 |
| **Distributions:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class F | (329631) | (72176) | (39228) | (20675) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class I | (93) | (18) | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class Y | (37136) | (8619) | (4098) | (2632) |
| &nbsp;&nbsp;&nbsp;Total Dividends | (366860) | (80813) | (43326) | (23307) |
| **Capital Share Transactions:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Class F: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from shares issued | 297120 | 411545 | 259967 | 293472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of dividends & distributions | 299665 | 66280 | 35742 | 18879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of shares redeemed | (1250360) | (932981) | (501502) | (374757) |
| &nbsp;&nbsp;&nbsp;Net Decrease from Class F Transactions | (653575) | (455156) | (205793) | (62406) |
| &nbsp;&nbsp;&nbsp;Class I: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from shares issued | 17 | 11 | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of dividends & distributions | 56 | 10 | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of shares redeemed | (156) | (179) | N/A | N/A |
| &nbsp;&nbsp;&nbsp;Net Decrease from Class I Transactions | (83) | (158) | N/A | N/A |
| &nbsp;&nbsp;&nbsp;Class Y: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from shares issued | 63637 | 41659 | 24805 | 20826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of dividends & distributions | 33685 | 8004 | 3747 | 2449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of shares redeemed | (134270) | (76567) | (46156) | (40461) |
| &nbsp;&nbsp;&nbsp;Net Decrease from Class Y Transactions | (36948) | (26904) | (17604) | (17186) |
| &nbsp;&nbsp;&nbsp;Net Decrease in Net Assets Derived from Capital Share Transactions | (690606) | (482218) | (223397) | (79592) |
| &nbsp;&nbsp;&nbsp;Net Increase (Decrease) in Net Assets | (413011) | 317360 | (14329) | 202551 |
| **Net Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of Year | 4098618 | 3781258 | 1609769 | 1407218 |
| &nbsp;&nbsp;&nbsp;End of Year | $3685607 | $4098618 | $1595440 | $1609769 |
| **Capital Share Transactions:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Class F: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 23573 | 34994 | 22132 | 27103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of distributions | 26065 | 5709 | 3273 | 1784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (98205) | (78713) | (42171) | (34398) |
| &nbsp;&nbsp;&nbsp;Total Class F Transactions | (48567) | (38010) | (16766) | (5511) |
| &nbsp;&nbsp;&nbsp;Class I: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 1 | 1 | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of distributions | 5 | 1 | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (11) | (15) | N/A | N/A |
| &nbsp;&nbsp;&nbsp;Total Class I Transactions | (5) | (13) | N/A | N/A |
| &nbsp;&nbsp;&nbsp;Class Y: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 5210 | 3508 | 2087 | 1922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of distributions | 2933 | 690 | 343 | 232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (10529) | (6493) | (3860) | (3691) |
| &nbsp;&nbsp;&nbsp;Total Class Y Transactions | (2386) | (2295) | (1430) | (1537) |
| &nbsp;&nbsp;&nbsp;**Net Decrease in Shares Outstanding from Share Transactions** | **(50958)** | **(40318)** | **(18196)** | **(7048)** |

---

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

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

68 SEI Institutional International Trust

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

For the years ended September 30,

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **International Fixed Income Fund** | **International Fixed Income Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** |
|  | 2025 | 2024 | 2025 | 2024 |
| **Operations:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income | $9182 | $9645 | $64137 | $69828 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) | (8374) | (25871) | (12321) | (43544) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) | 6914 | 53759 | 29037 | 160284 |
| &nbsp;&nbsp;&nbsp;Net Increase in Net Assets Resulting from Operations | 7722 | 37533 | 80853 | 186568 |
| **Distributions:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class F |  |  | (56929) | (56865) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class Y |  |  | (6010) | (5453) |
| &nbsp;&nbsp;&nbsp;Total Dividends |  |  | (62939) | (62318) |
| **Capital Share Transactions:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Class F: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from shares issued | 56033 | 55633 | 77140 | 106380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of dividends & distributions | N/A | N/A | 50563 | 50774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of shares redeemed | (112978) | (88862) | (285471) | (379686) |
| &nbsp;&nbsp;&nbsp;Net Decrease from Class F Transactions | (56945) | (33229) | (157768) | (222532) |
| &nbsp;&nbsp;&nbsp;Class Y: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from shares issued | 12059 | 4711 | 10491 | 11669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of dividends & distributions |  |  | 5252 | 4817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of shares redeemed | (15921) | (18151) | (20846) | (24736) |
| &nbsp;&nbsp;&nbsp;Net Decrease from Class Y Transactions | (3862) | (13440) | (5103) | (8250) |
| &nbsp;&nbsp;&nbsp;Net Decrease in Net Assets Derived from Capital Share Transactions | (60807) | (46669) | (162871) | (230782) |
| &nbsp;&nbsp;&nbsp;Net Decrease in Net Assets | (53085) | (9136) | (144957) | (106532) |
| **Net Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of Year | 429719 | 438855 | 1088320 | 1194852 |
| &nbsp;&nbsp;&nbsp;End of Year | $376634 | $429719 | $943363 | $1088320 |
| **Capital Share Transactions:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Class F: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 6213 | 6445 | 8745 | 12418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of distributions |  |  | 5789 | 6011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (12631) | (10258) | (32473) | (44187) |
| &nbsp;&nbsp;&nbsp;Total Class F Transactions | (6418) | (3813) | (17939) | (25758) |
| &nbsp;&nbsp;&nbsp;Class Y: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 1323 | 542 | 1198 | 1375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of distributions |  |  | 607 | 574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (1766) | (2112) | (2400) | (2933) |
| &nbsp;&nbsp;&nbsp;Total Class Y Transactions | (443) | (1570) | (595) | (984) |
| &nbsp;&nbsp;&nbsp;**Net Decrease in Shares Outstanding from Share Transactions** | **(6861)** | **(5383)** | **(18534)** | **(26742)** |

---

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

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

SEI Institutional International Trust 69

**FINANCIAL HIGHLIGHTS**

For the years ended September 30,

For a Share Outstanding Throughout Each Year

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Net Asset<br> Value,<br> Beginning<br> of Year | Net<br> Investment<br> Income (Loss)<sup>(1)</sup> | Net Realized<br> and<br> Unrealized<br> Gains<br> (Losses)<br> on<br> Investments | Total<br> from<br> Operations | Dividends<br> from Net<br> Investment<br> Income | Distributions<br> from Net<br> Realized<br> Gains | Total<br> Dividends<br> and<br> Distributions | Net Asset<br> Value,<br> End<br> of Year | Total<br> Return† | Net Assets<br> End of Year($ Thousands) | Ratio of Net<br> Expenses<br> to Average<br> Net Assets\* | Ratio of Expenses<br> to Average<br> Net Assets<br> (Excluding<br> Waivers)\*\* | Ratio of Net<br> Investment<br> Income (Loss)<br> to Average<br> Net Assets | Portfolio<br> Turnover<br> Rate<sup>†</sup> |
| **International Equity Fund** | **International Equity Fund** | **International Equity Fund** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Class F** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $13.33 | $0.26 | $2.12 | $2.38 | $(0.37) | $(0.97) | $(1.34) | $14.37 | 20.69% | $3269789 | 1.09%<sup>(2)</sup> | 1.14% | 2.06% | 89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | 10.87 | 0.24 | 2.46 | 2.70 | (0.24) |  | (0.24) | 13.33 | 25.13 | 3680808 | 1.10 | 1.10 | 2.04 | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | 8.66 | 0.21 | 2.18 | 2.39 | (0.18) |  | (0.18) | 10.87 | 27.81 | 3415372 | 1.10 | 1.11 | 1.99 | 87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | 13.57 | 0.21 | (3.38) | (3.17) | (0.23) | (1.51) | (1.74) | 8.66 | (26.82) | 3114144 | 1.09 | 1.09 | 1.91 | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | 10.86 | 0.16 | 2.67 | 2.83 | (0.12) |  | (0.12) | 13.57 | 26.18 | 4242911 | 1.08 | 1.08 | 1.19 | 105 |
| &nbsp;&nbsp;&nbsp;**Class I** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $13.36 | $0.24 | $2.11 | $2.35 | $(0.34) | $(0.97) | $(1.31) | $14.40 | 20.34% | $965 | 1.34%<sup>(3)</sup> | 1.39% | 1.85% | 89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | 10.87 | 0.12 | 2.69 | 2.81 | (0.09) |  | (0.09) | 13.59 | 25.91 | 1611 | 1.33 | 1.33 | 0.93 | 105 |
| &nbsp;&nbsp;&nbsp;**Class Y** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $13.34 | $0.30 | $2.11 | $2.41 | $(0.41) | $(0.97) | $(1.38) | $14.37 | 20.96% | $414853 | 0.84%<sup>(4)</sup> | 0.89% | 2.36% | 89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | 10.88 | 0.28 | 2.45 | 2.73 | (0.27) |  | (0.27) | 13.34 | 25.42 | 416849 | 0.85 | 0.85 | 2.31 | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | 8.66 | 0.24 | 2.19 | 2.43 | (0.21) |  | (0.21) | 10.88 | 28.26 | 364957 | 0.86 | 0.86 | 2.26 | 87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | 13.58 | 0.24 | (3.39) | (3.15) | (0.26) | (1.51) | (1.77) | 8.66 | (26.70) | 297968 | 0.84 | 0.84 | 2.17 | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | 10.86 | 0.19 | 2.68 | 2.87 | (0.15) |  | (0.15) | 13.58 | 26.55 | 393903 | 0.83 | 0.83 | 1.44 | 105 |
| **Emerging Markets Equity Fund** | **Emerging Markets Equity Fund** | **Emerging Markets Equity Fund** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Class F** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $12.17 | $0.21 | $1.96 | $2.17 | $(0.35) | $— | $(0.35) | $13.99 | 18.60% | $1443376 | 1.25%<sup>(5)</sup> | 1.44% | 1.78% | 75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | 10.10 | 0.19 | 2.05 | 2.24 | (0.17) |  | (0.17) | 12.17 | 22.43 | 1459994 | 1.44 | 1.57 | 1.72 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | 9.18 | 0.19 | 0.94 | 1.13 | (0.21) |  | (0.21) | 10.10 | 12.32 | 1267365 | 1.68 | 1.78 | 1.82 | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | 14.23 | 0.14 | (3.96) | (3.82) | (0.15) | (1.08) | (1.23) | 9.18 | (29.26) | 1229709 | 1.71 | 1.81 | 1.21 | 93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | 12.06 | 0.11 | 2.14 | 2.25 | (0.08) |  | (0.08) | 14.23 | 18.63 | 1786493 | 1.70 | 1.80 | 0.73 | 100 |
| &nbsp;&nbsp;&nbsp;**Class Y** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $12.19 | $0.24 | $1.95 | $2.19 | $(0.38) | $— | $(0.38) | $14.00 | 18.82% | $152064 | 1.00%<sup>(6)</sup> | 1.19% | 2.05% | 75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | 10.11 | 0.21 | 2.07 | 2.28 | (0.20) |  | (0.20) | 12.19 | 22.82 | 149775 | 1.19 | 1.32 | 1.94 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | 9.19 | 0.21 | 0.94 | 1.15 | (0.23) |  | (0.23) | 10.11 | 12.63 | 139853 | 1.43 | 1.53 | 2.02 | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | 14.25 | 0.18 | (3.98) | (3.80) | (0.18) | (1.08) | (1.26) | 9.19 | (29.10) | 118670 | 1.46 | 1.56 | 1.50 | 93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | 12.07 | 0.14 | 2.15 | 2.29 | (0.11) |  | (0.11) | 14.25 | 18.96 | 153789 | 1.45 | 1.55 | 0.98 | 100 |

---

<sup>†</sup> 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.

<sup>\*</sup> Includes Fees Paid Indirectly, if applicable. There was no impact to the expense ratios. See Note 5 in Notes to Financial Statements.

<sup>\*\*</sup> See Note 5 in Notes to Financial Statements.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Per share calculated using average shares.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The expense ratio includes a proxy fee expense. Had this expense
 been excluded the ratio would have been 1.07%.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The expense ratio includes a proxy fee expense. Had this expense
 been excluded the ratio would have been 1.32%.

&nbsp;&nbsp;&nbsp;&nbsp;(4) The expense ratio includes a proxy fee expense. Had this expense
 been excluded the ratio would have been 0.82%.

&nbsp;&nbsp;&nbsp;&nbsp;(5) The expense ratio includes a proxy fee expense. Had this expense
 been excluded the ratio would have been 1.23%.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

70 SEI Institutional International Trust

**FINANCIAL HIGHLIGHTS**

For the years ended September 30,

For a Share Outstanding Throughout Each Year

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Net Asset<br> Value,<br> Beginning<br> of Year | Net<br> Investment<br> Income (Loss)<sup>(1)</sup> | Net Realized<br> and<br> Unrealized<br> Gains<br> (Losses)<br> on<br> Investments | Total<br> from<br> Operations | Dividends<br> from Net<br> Investment<br> Income | Distributions<br> from Net<br> Realized<br> Gains | Total<br> Dividends<br> and<br> Distributions | Net Asset<br> Value,<br> End<br> of Year | Total<br> Return<sup>†</sup> | Net Assets<br> End of Year($ Thousands) | Ratio of Net<br> Expenses<br> to Average<br> Net Assets\* | Ratio of Expenses<br> to Average<br> Net Assets<br> (Excluding<br> Waivers)\*\* | Ratio of Net<br> Investment<br> Income (Loss)<br> to Average<br> Net Assets | Portfolio<br> Turnover<br> Rate<sup>†</sup> |
| **International Fixed Income Fund** | **International Fixed Income Fund** | **International Fixed Income Fund** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Class F** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $8.97 | $0.22 | $(0.02) | $0.20 | $— | $— | $— | $9.17 | 2.23% | $334968 | 0.98%<sup>(2)</sup> | 1.06% | 2.48% | 87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | 8.23 | 0.19 | 0.55 | 0.74 |  |  |  | 8.97 | 8.99 | 385079 | 1.01 | 1.04 | 2.17 | 167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | 9.13 | 0.11 | 0.05 | 0.16 | (1.05) | (0.01) | (1.06) | 8.23 | 1.88 | 384986 | 1.02 | 1.06 | 1.35 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | 10.37 | 0.05 | (1.08) | (1.03) | (0.08) | (0.13) | (0.21) | 9.13 | (10.15) | 410864 | 1.02 | 1.07 | 0.53 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | 10.46 | 0.03 | (0.12) | (0.09) |  |  |  | 10.37 | (0.83) | 485178 | 1.02 | 1.07 | 0.32 | 65 |
| &nbsp;&nbsp;&nbsp;**Class Y** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $9.03 | $0.25 | $(0.03) | $0.22 | $— | $— | $— | $9.25 | 2.44% | $41666 | 0.73%<sup>(3)</sup> | 0.81% | 2.71% | 87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | 8.27 | 0.21 | 0.55 | 0.76 |  |  |  | 9.03 | 9.19 | 44640 | 0.76 | 0.79 | 2.41 | 167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | 9.16 | 0.14 | 0.05 | 0.19 | (1.07) | (0.01) | (1.08) | 8.27 | 2.30 | 53870 | 0.77 | 0.81 | 1.59 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | 10.41 | 0.08 | (1.10) | (1.02) | (0.10) | (0.13) | (0.23) | 9.16 | (10.00) | 72269 | 0.77 | 0.82 | 0.78 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | 10.47 | 0.06 | (0.12) | (0.06) |  |  |  | 10.41 | (0.54) | 76381 | 0.77 | 0.82 | 0.57 | 65 |
| **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Class F** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $9.14 | $0.61 | $0.22 | $0.83 | $(0.59) | $— | $(0.59) | $9.38 | 9.75% | $852575 | 1.06%<sup>(4)</sup> | 1.35% | 6.89% | 149% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | 8.19 | 0.53 | 0.88 | 1.41 | (0.46) |  | (0.46) | 9.14 | 17.75 | 994439 | 1.11 | 1.38 | 6.16 | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | 7.52 | 0.48 | 0.51 | 0.99 | (0.32) |  | (0.32) | 8.19 | 13.13 | 1102419 | 1.30 | 1.56 | 5.79 | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | 10.06 | 0.40 | (2.78) | (2.38) | (0.16) |  | (0.16) | 7.52 | (24.04) | 1108531 | 1.36 | 1.62 | 4.52 | 88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | 9.80 | 0.40 | 0.06 | 0.46 | (0.20) |  | (0.20) | 10.06 | 4.71 | 1433739 | 1.36 | 1.61 | 3.87 | 91 |
| &nbsp;&nbsp;&nbsp;**Class Y** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $9.06 | $0.62 | $0.23 | $0.85 | $(0.61) | $— | $(0.61) | $9.30 | 10.12% | $90788 | 0.81%<sup>(5)</sup> | 1.10% | 7.13% | 149% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | 8.15 | 0.55 | 0.86 | 1.41 | (0.50) |  | (0.50) | 9.06 | 17.95 | 93881 | 0.86 | 1.13 | 6.43 | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | 7.49 | 0.50 | 0.51 | 1.01 | (0.35) |  | (0.35) | 8.15 | 13.50 | 92433 | 1.05 | 1.31 | 6.08 | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | 10.03 | 0.42 | (2.77) | (2.35) | (0.19) |  | (0.19) | 7.49 | (23.87) | 84482 | 1.11 | 1.37 | 4.77 | 88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | 9.79 | 0.42 | 0.07 | 0.49 | (0.25) |  | (0.25) | 10.03 | 4.98 | 107402 | 1.11 | 1.36 | 4.12 | 91 |

---

---

| | |
|:---|:---|
| <sup>^</sup> | Amount represents less than $0.005. |

---

<sup>†</sup> 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.

<sup>\*</sup> Includes Fees Paid Indirectly, if applicable. There was no impact to the expense ratios. See Note 5 in Notes to Financial Statements.

<sup>\*\*</sup> See Note 5 in Notes to Financial Statements.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Per share calculated using average shares.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The expense ratio includes a proxy fee expense. Had this expense
 been excluded the ratio would have been 0.96%.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The expense ratio includes a proxy fee expense. Had this expense
 been excluded the ratio would have been 0.71%.

&nbsp;&nbsp;&nbsp;&nbsp;(4) The expense ratio includes a proxy fee expense. Had this expense
 been excluded the ratio would have been 1.04%.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

SEI Institutional International Trust 71

**NOTES TO FINANCIAL STATEMENTS**

September 30, 2025

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.

72 SEI Institutional International Trust

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.

SEI Institutional International Trust 73

**NOTES TO FINANCIAL STATEMENTS (Continued)**

September 30, 2025

For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security's last trade and the time at which a Fund calculates its NAV. The closing prices of such securities may no longer reflect their market value at the time a Fund calculates NAV if an event that could materially affect the value of those securities (a "Significant Event"), including substantial fluctuations in domestic or foreign markets or occurrences not tied directly to the securities markets, such as natural disasters, armed conflicts or significant governmental actions, has occurred between the time of the security's last close and the time that a Fund calculates NAV. A Fund may invest in securities that are primarily listed on foreign exchanges that trade on weekends or other days when the Fund does not price its shares. As a result, the NAV of the Fund's shares may change on days when shareholders will not be able to purchase or redeem Fund shares.

A Significant Event may relate to a single issuer or to an entire market sector. If SIMC or a Sub-Adviser becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which a Fund calculates NAV, it may request that a Committee meeting be called. In addition, with respect to certain securities, the Funds' administrator performs price comparisons and price movement review (among other processes), to monitor the pricing data supplied by various sources. Any identified discrepancies are researched and subject to the procedures described above.

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

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

Level 1 — quoted prices in active markets for identical investments

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

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

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

The valuation techniques used by the Funds to measure fair value during the year ended September 30, 2025 maximized the use of observable inputs and minimized the use of unobservable inputs.

For the year ended September 30, 2025, 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.

74 SEI Institutional International Trust

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

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

**Cash and Cash Equivalents** — Idle cash and currency balances may be swept into various overnight sweep accounts and are classified as cash and cash equivalents on the Statement of Assets and Liabilities. These amounts, at times, may exceed United States federally insured limits. Amounts swept are available on the next business day.

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

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

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

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

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

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

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

**Forward Foreign Currency Contracts** — To the extent consistent with its investment objective and strategies, a Fund may enter into forward foreign currency contracts

as hedges against either specific transactions, fund positions, speculative purposes or anticipated fund positions. All commitments are "marked-to-market" daily at the applicable foreign exchange rate, and any resulting unrealized gains or losses are recorded currently. The Fund realizes gains and losses at the time forward contracts are extinguished. Unrealized gains or losses on outstanding positions in forward foreign currency contracts held at the close of the period are recognized as ordinary income or loss for federal income tax purposes. The Fund could be exposed to risk if the counterparties to the contracts are unable to meet the terms of the contract and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar.

Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities. Refer to each Fund's Schedule of Investments for details regarding open forward foreign currency contracts as of September 30, 2025, 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.

SEI Institutional International Trust 75

**NOTES TO FINANCIAL STATEMENTS (Continued)**

September 30, 2025

Refer to each Fund's Schedule of Investments for details regarding open futures contracts as of September 30, 2025, if applicable.

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

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

Finally, the risk exists that losses on written options could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to each Fund's Schedule of Investments for details regarding open option/swaption contracts as of September 30, 2025, 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.

76 SEI Institutional International Trust

Entering into swap agreements involves, to varying degrees, elements of credit and market risk in excess of the amounts recognized on the Schedule of Investments or the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreement may default on its obligation to perform and that there may be unfavorable changes in the fluctuation of interest rates. Risks also arise from potential losses from adverse market movements.

Counterparty risk may be mitigated by having a master netting arrangement between a Fund and the counterparty and by having the counterparty post collateral to cover a Fund's exposure to the counterparty. Refer to each Fund's Schedule of Investments for details regarding open swap contracts as of September 30, 2025, 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.

SEI Institutional International Trust 77

**NOTES TO FINANCIAL STATEMENTS (Continued)**

September 30, 2025

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**<br>**Maximum Potential Amount of Future Payments by Contract Term** | **International Fixed Income Fund**<br>**Maximum Potential Amount of Future Payments by Contract Term** | **International Fixed Income Fund**<br>**Maximum Potential Amount of Future Payments by Contract Term** | **International Fixed Income Fund**<br>**Maximum Potential Amount of Future Payments by Contract Term** | **International Fixed Income Fund**<br>**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) | Current credit spread\* on underlying (in basis points)(1) | Current credit spread\* on underlying (in basis points)(1) | Current credit spread\* on underlying (in basis points)(1) | 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.

78 SEI Institutional International Trust

4. DERIVATIVE CONTRACTS

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Asset Derivatives | | Liability Derivatives | |
|  | Year ended September 30, 2025 | | Year ended September 30, 2025 | |
|  | &nbsp;&nbsp;&nbsp; Statements of Assets and Liabilities<br> Location | Fair Value | &nbsp;&nbsp;&nbsp; Statements of Assets and Liabilities<br> Location | Fair Value |
| **International Equity Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Equity contracts | Unrealized appreciation on futures contracts | $628<sup>\*</sup> | Unrealized depreciation on futures contracts | $7<sup>\*</sup> |
|  | Unrealized appreciation on swap contracts | —<sup>†</sup> | Unrealized depreciation on swap contracts | 1956<sup>†</sup> |
| Total derivatives not accounted for as hedging instruments |  | $628 |  | $1963 |
| **Emerging Markets Equity Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Equity contracts | Unrealized appreciation on futures contracts | $85<sup>\*</sup> | Unrealized depreciation on futures contracts | $—<sup>\*</sup> |
| Total derivatives not accounted for as hedging instruments |  | $85 |  | $— |
| **International Fixed Income Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest rate contracts | Unrealized appreciation on futures contracts | $341<sup>\*</sup> | Unrealized depreciation on futures contracts | $568<sup>\*</sup> |
|  | Unrealized appreciation on swaps contracts | 669<sup>†</sup> | Unrealized depreciation on swaps contracts | 98<sup>†</sup> |
| &nbsp;&nbsp;&nbsp;Credit Contracts | Unrealized appreciation on swaps contracts | —<sup>†</sup> | Unrealized depreciation on swaps contracts | 34<sup>†</sup> |
|  | Unrealized appreciation on swaps contracts | 7<sup>†</sup> | Unrealized depreciation on swaps contracts | 178<sup>†</sup> |
| &nbsp;&nbsp;&nbsp;Foreign exchange contracts | Unrealized gain on forward foreign currency contracts | 2603 | Unrealized loss on forward foreign currency contracts | 2348 |
| Total derivatives not accounted for as hedging instruments |  | $3620 |  | $3226 |
| **Emerging Markets Debt Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Equity contracts | Unrealized appreciation on swaps contracts | $8<sup>\*</sup> | Unrealized depreciation on swpas contracts | $—<sup>\*</sup> |
| &nbsp;&nbsp;&nbsp;Interest rate contracts | Unrealized appreciation on futures contracts | 5<sup>\*</sup> | Unrealized depreciation on futures contracts | 24<sup>\*</sup> |
|  | Unrealized appreciation on swaps contracts | 3743<sup>†</sup> | Unrealized depreciation on swaps contracts | 668<sup>†</sup> |
|  | Investments, at value\*\* | 1513 | Options written, at value | 507 |
| &nbsp;&nbsp;&nbsp;Credit Contracts | Unrealized appreciation on swaps contracts | 1<sup>†</sup> | Unrealized depreciation on swaps contracts | 473<sup>†</sup> |
|  | Unrealized appreciation on swaps contracts | —<sup>†</sup> | Unrealized depreciation on swaps contracts | 47<sup>†</sup> |
| &nbsp;&nbsp;&nbsp;Foreign exchange contracts | Unrealized gain on forward foreign currency contracts | 3345 | Unrealized loss on forward foreign currency contracts | 3765 |
| Total derivatives not accounted for as hedging instruments |  | $8615 |  | $5484 |

---

<sup>\*</sup> 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.

<sup>\*\*</sup> Includes purchased options.

---

| | |
|:---|:---|
| <sup>†</sup> | Includes cumulative appreciation/depreciation of swap contracts as reported in the Schedules of Investments. Market Value is reported within the Statements of Assets & Liabilities for OTC swap contracts that have paid premiums. For centrally cleared swap contracts current days variation margin is reported within the Statements of Assets & Liabilities. |

---

SEI Institutional International Trust 79

**NOTES TO FINANCIAL STATEMENTS (Continued)**

September 30, 2025

The effect of derivative instruments on the Statements of Operations for the year ended September 30, 2025:

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Derivatives Not Accounted for as Hedging Instruments | Purchased<br> Options and<br> Swaptions | Written Options<br> and Swaptions | Futures | Forward<br> Currency<br> Contracts | Swaps | Total |
| **International Equity Fund** |  |  |  |  |  |  |
| Equity contracts | $— | $— | $5948 | $— | $41467 | $47415 |
| Total | $— | $— | $5948 | $— | $41467 | $47415 |
| **Emerging Markets Equity Fund** |  |  |  |  |  |  |
| Equity contracts | $— | $— | $4285 | $— | $— | $4285 |
| Total | $— | $— | $4285 | $— | $— | $4285 |
| **International Fixed Income Fund** |  |  |  |  |  |  |
| Interest rate contracts | $— | $— | $527 | $— | $779 | $1306 |
| Foreign exchange contracts |  |  |  | (8384) |  | (8384) |
| Credit contracts |  |  |  |  | (876) | (876) |
| Total | $— | $— | $527 | $(8384) | $(97) | $(7954) |
| **Emerging Markets Debt Fund** |  |  |  |  |  |  |
| Interest rate contracts | $— | $— | $(1362) | $— | $411 | $(951) |
| Foreign exchange contracts | 1933 | (1199) |  | 4111 |  | 4845 |
| Credit contracts |  |  |  |  | (513) | (513) |
| Equity contracts |  |  |  |  | (51) | (51) |
| Total | $1933 | $(1199) | $(1362) | $4111 | $(153) | $3330 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Derivatives Not Accounted for as Hedging Instruments | Purchased<br> Options and<br> Swaptions | Written Options<br> and Swaptions | Futures | Forward<br> Currency<br> Contracts | Swaps | Total |
| **International Equity Fund** |  |  |  |  |  |  |
| Equity contracts | $— | $— | $(17) | $— | $2559 | $2542 |
| Total | $— | $— | $(17) | $— | $2559 | $2542 |
| **Emerging Markets Equity Fund** |  |  |  |  |  |  |
| Equity contracts | $— | $— | $(827) | $— | $— | $(827) |
| Total | $— | $— | $(827) | $— | $– | $(827) |
| **International Fixed Income Fund** |  |  |  |  |  |  |
| Interest rate contracts | $— | $— | $332 | $— | $460 | $792 |
| Foreign exchange contracts |  |  |  | 6139 |  | 6139 |
| Credit contracts |  |  |  |  | (225) | (225) |
| Total | $— | $— | $332 | $6139 | $235 | $6706 |
| **Emerging Markets Debt Fund** |  |  |  |  |  |  |
| Interest rate contracts | $— | $— | $290 | $— | $3642 | $3932 |
| Foreign exchange contracts | (24) | 356 |  | (3523) |  | (3191) |
| Credit contracts |  |  |  |  | (192) | (192) |
| Equity contracts |  |  |  |  | 8 | 8 |
| Total | $(24) | $356 | $290 | $(3523) | $3458 | $557 |

---

80 SEI Institutional International Trust

A Fund is subject to various netting arrangements with select counterparties ("Master Agreements"). Master Agreements govern the terms of certain transactions, and reduce the counterparty risk associated with relevant transactions by specifying credit protection mechanisms and providing standardization that improves legal certainty. Since different types of transactions have different mechanics and are sometimes traded out of different legal entities of a particular counterparty organization, each type of transaction may be covered by a different Master Agreement, resulting in the need for multiple agreements with a single counterparty. As the Master Agreements are specific to unique operations of different asset types, they allow a Fund to close out and net its total exposure to a specific counterparty entity in the event of a default with respect to all the transactions governed under a single agreement with a specific counterparty entity.

Master Agreements can also help limit counterparty risk by specifying collateral posting arrangements at pre-arranged exposure levels. Under the Master Agreements, collateral is routinely transferred if the total net exposure to certain transactions (net of existing collateral already in place) governed under the relevant Master Agreement with a counterparty in a given account exceeds a specified threshold, which typically ranges from zero to $250,000 depending on the counterparty and the type of Master Agreement. United States Treasury Securities and U.S. dollar cash are generally the preferred forms of collateral. Securities and cash pledged as collateral are reflected as assets in the Statements of Assets and Liabilities as either a component of investments at value (securities) or deposits due from counterparties (cash). Cash collateral received is not typically held in a segregated account and as such is reflected as a liability in the Statement of Assets and Liabilities as deposits due to counterparties. The market value of any securities received as collateral is not reflected as a component of net asset value. A Fund's overall exposure to counterparty risk can change substantially within a short period, as it is affected by each transaction subject to the relevant Master Agreement.

Customer Account Agreements and related addendums govern exchange traded derivatives transactions such as futures, options on futures, and centrally cleared swaps. Exchange traded derivative transactions require posting of initial margin as determined by each relevant clearing agency which is segregated at a broker account registered with the Commodities Futures Trading Commission (CFTC), or the applicable regulator. In the US, counterparty risk is significantly reduced as creditors of the futures broker do not have claim to Fund assets

in the segregated account. Additionally, portability of exposure in the event of default further reduces risk to the Funds. Variation margin, or changes in market value, are exchanged daily, but may not be netted between futures and cleared OTC derivatives.

SEI Institutional International Trust 81

**NOTES TO FINANCIAL STATEMENTS (Continued)**

September 30, 2025

The following is a summary of the variation margin of exchange-traded or centrally cleared financial derivative instruments of the Funds as of September 30, 2025 ($ Thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Financial Derivatives Assets | Financial Derivatives Assets | Financial Derivatives Assets | Financial Derivatives Liabilities | Financial Derivatives Liabilities | Financial Derivatives Liabilities |
|  | Variation Margin Asset | Variation Margin Asset |  | Variation Margin Liability | Variation Margin Liability |  |
| Fund | Futures | Swap Agreements | Total | Futures | Swap Agreements | Total |
| International Equity Fund | $92 | $— | $92 | $12 | $— | $12 |
| Emerging Markets Equity Fund | 73 |  | 73 |  |  |  |
| International Fixed Income Fund | 85 | 1754 | 1839 | 20 | 1670 | 1690 |
| Emerging Markets Debt Fund | 1 | 1236 | 1237 | 3 | 1182 | 1185 |

---

Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of September 30, 2025 amounted to $2,509 ($ Thousands) for the International Equity Fund. Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of September 30, 2025 amounted to $651 ($ Thousands) for the Emerging Markets Equity Fund. Cash pledged as collateral for exchange-traded and centrally cleared derivative instruments as of September 30, 2025 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 September 30, 2025 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 September 30, 2025 ($ Thousands):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Financial Derivative Assets | Financial Derivative Assets | Financial Derivative Assets | Financial Derivative Liabilities | Financial Derivative Liabilities | Financial Derivative Liabilities |  |  |  |
| International Equity Fund | Forward Foreign Currency<br> Contracts | Swap<br> Agreements | Total<br> Over the<br> Counter | Forward<br> Foreign<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency<br> Contracts | Swap<br> Agreements | Total<br> Over the<br> Counter | Net Market Value of OTC<br> Derivatives | Collateral<br> (Received)/<br> Pledged\* | Net<br> Exposures^ |
| Bank of America | $— | $— | $— | $— | $1956 | $1956 | $(1956) | $— | $(1956) |
| Total Over the Counter | $— | $— | $— | $— | $1956 | $1956 |  |  |  |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Financial Derivative Assets | Financial Derivative Assets | Financial Derivative Assets | Financial Derivative Liabilities | Financial Derivative Liabilities | Financial Derivative Liabilities |  |  |  |
| International Fixed Income Fund | Forward<br> Foreign<br> Currency<br> Contracts | Swap<br> Agreements | Total<br> Over the<br> Counter | Forward<br> Foreign<br> Currency<br> Contracts | Swap<br> Agreements | Total<br> Over the<br> Counter | Net Market<br> Value of OTC<br> Derivatives | Collateral<br> (Received)/<br> Pledged\* | Net<br> Exposures^ |
| Banco Bilbao Vizcaya Argentaria | $9 | $— | $9 | $— | $— | $— | $9 | $— | $9 |
| Bank of America | 1 |  | 1 | 73 |  | 73 | (72) |  | (72) |
| Barclays PLC | 62 |  | 62 | 23 | 21 | 44 | 18 |  | 18 |
| BMO Capital | 12 |  | 12 |  |  |  | 12 |  | 12 |
| BNP Paribas | 13 |  | 13 | 75 |  | 75 | (62) |  | (62) |
| Brown Brothers Harriman | 49 |  | 49 | 52 |  | 52 | (3) |  | (3) |
| Citigroup | 22 |  | 22 | 41 |  | 41 | (19) |  | (19) |
| Credit Agricole | 29 |  | 29 | 5 |  | 5 | 24 |  | 24 |
| Credit Suisse First Boston |  |  |  | 268 |  | 268 | (268) |  | (268) |
| Deutsche Bank | 94 |  | 94 | 355 |  | 355 | (261) |  | (261) |
| Goldman Sachs | 8 |  | 8 | 31 | 13 | 44 | (36) |  | (36) |

---

82 SEI Institutional International Trust

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Financial Derivative Assets | Financial Derivative Assets | Financial Derivative Assets | Financial Derivative Liabilities | Financial Derivative Liabilities | Financial Derivative Liabilities |  |  |  |
| International Fixed Income Fund | Forward<br> Foreign<br> Currency<br> Contracts | Swap<br> Agreements | Total<br> Over the<br> Counter | Forward<br> Foreign<br> Currency<br> Contracts | Swap<br> Agreements | Total<br> Over the<br> Counter | Net Market<br> Value of OTC<br> Derivatives | Collateral<br> (Received)/<br> Pledged\* | Net<br> Exposures^ |
| HSBC | $17 | $— | $17 | $132 | $— | $132 | $(115) | $115 | $— |
| JPMorgan Chase Bank | 1451 |  | 1451 | 1132 |  | 1132 | 319 |  | 319 |
| Midland Walwyn Capital Inc. | 9 |  | 9 | 7 |  | 7 | 2 |  | 2 |
| Morgan Stanley | 14 |  | 14 | 39 |  | 39 | (25) |  | (25) |
| National Bank of Australia |  |  |  | 2 |  | 2 | (2) |  | (2) |
| RBS | 29 |  | 29 |  |  |  | 29 |  | 29 |
| Skandinavisk Enskil | 14 |  | 14 |  |  |  | 14 |  | 14 |
| Societe Generale | 1 |  | 1 |  |  |  | 1 |  | 1 |
| Standard Chartered |  |  |  | 7 |  | 7 | (7) |  | (7) |
| State Street | 708 |  | 708 | 59 |  | 59 | 649 |  | 649 |
| TD Securities | 24 |  | 24 | 10 |  | 10 | 14 |  | 14 |
| UBS | 7 |  | 7 | 6 |  | 6 | 1 |  | 1 |
| Wells Fargo | 10 |  | 10 | 31 |  | 31 | (21) |  | (21) |
| Westpac Banking | 20 |  | 20 |  |  |  | 20 |  | 20 |
| Total Over the Counter | $2603 | $— | $2603 | $2348 | $34 | $2382 |  |  |  |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Financial Derivative Assets | Financial Derivative Assets | Financial Derivative Assets | Financial Derivative Liabilities | Financial Derivative Liabilities | Financial Derivative Liabilities |  |  |  |
| Emerging Markets<br>Debt Fund | Forward<br> Foreign<br> Currency<br> Contracts | Swap<br> Agreements | Total<br> Over the<br> Counter | Forward<br> Foreign<br> Currency<br> Contracts | Swap<br> Agreements | Total<br> Over the<br> Counter | Net Market<br> Value of OTC<br> Derivatives | Collateral<br> (Received)/<br> Pledged\* | Net<br> Exposures^ |
| Bank of America | $158 | $— | $158 | $231 | $27 | $258 | $(100) | $100 | $— |
| Barclays PLC | 62 |  | 62 | 3 |  | 3 | 59 | (59) |  |
| BNP Paribas | 546 |  | 546 |  |  |  | 546 |  | 546 |
| Brown Brothers Harriman | 23 |  | 23 | 2 |  | 2 | 21 |  | 21 |
| Capital One Investing, LLC | 4 |  | 4 | 8 |  | 8 | (4) |  | (4) |
| Citigroup |  |  |  | 31 |  | 31 | (31) |  | (31) |
| Deutsche Bank | 703 |  | 703 | 729 |  | 729 | (26) |  | (26) |
| Goldman Sachs | 280 |  | 280 | 22 |  | 22 | 258 |  | 258 |
| HSBC | 34 |  | 34 | 115 |  | 115 | (81) |  | (81) |
| ICBC Financial Services | 251 |  | 251 | 23 |  | 23 | 228 |  | 228 |
| JPMorgan Chase Bank | 498 | 14 | 512 | 2054 | 20 | 2074 | (1562) | 1240 | (322) |
| Morgan Stanley | 78 | 1 | 79 | 354 | 426 | 780 | (701) |  | (701) |
| NatWest Markets, Inc. | 19 |  | 19 |  |  |  | 19 |  | 19 |
| RBC |  |  |  | 6 |  | 6 | (6) |  | (6) |
| SCB Securities | 580 |  | 580 | 48 |  | 48 | 532 |  | 532 |
| Societe Generale | 71 |  | 71 | 120 |  | 120 | (49) |  | (49) |
| Standard Bank | 11 |  | 11 |  |  |  | 11 |  | 11 |
| UBS | 27 |  | 27 | 15 |  | 15 | 12 |  | 12 |
| Wells Fargo |  |  |  | 4 |  | 4 | (4) |  | (4) |
| Total Over the Counter | $3345 | $15 | $3360 | $3765 | $473 | $4238 |  |  |  |

---

^ 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.

SEI Institutional International Trust 83

**NOTES TO FINANCIAL STATEMENTS (Continued)**

September 30, 2025

The following table discloses the average quarterly balances of the Funds' derivative activity during the year ended September 30, 2025 ($ Thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **International Equity**<br> **Fund** | **Emerging Markets**<br> **Equity Fund** | **International Fixed**<br> **Income Fund** | **Emerging Markets**<br> **Debt Fund** |
| **Futures Contracts:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Average Notional Balance Long | $39713 | $14168 | $75401 | $– |
| &nbsp;&nbsp;&nbsp;Average Notional Balance Short |  |  | 66052 | 10911 |
| **Forward Foreign Currency Contracts:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Average Notional Balance Long | 830 | 958 | 361169 | 584267 |
| &nbsp;&nbsp;&nbsp;Average Notional Balance Short | 830 | 958 | 362515 | 584201 |
| **Credit Default Swaps:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Average Notional Balance Buy Protection |  |  | 33682 | 30450 |
| &nbsp;&nbsp;&nbsp;Average Notional Balance Sell Protection |  |  | 108 | 250 |
| **Total Return Swaps** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Average Notional Balance Long | 116909 |  |  | 120 |
| &nbsp;&nbsp;&nbsp;Average Notional Balance Short |  |  |  | 894 |
| **Interest Rate Swaps** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Average Notional Balance |  |  | 101053 | 266759 |
| **Options/Swaptions:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Average Notional Balance Long† |  |  |  | 1093 |
| &nbsp;&nbsp;&nbsp;Average Notional Balance Short† |  |  |  | 547 |

---

&nbsp;&nbsp;&nbsp;&nbsp;† 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.

84 SEI Institutional International Trust

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Advisory<br> Fee | Shareholder<br> Servicing Fee | Administrative<br> Servicing Fee | Voluntary Expense Limitation |
| International Equity Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Class F | 0.51% | 0.25% |  | 1.07% |
| &nbsp;&nbsp;&nbsp;Class I | 0.51% | 0.25% | 0.25% | 1.32% |
| &nbsp;&nbsp;&nbsp;Class Y | 0.51% |  |  | 0.82% |
| Emerging Markets Equity Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Class F | 0.70% | 0.25% |  | 1.21%<sup>†</sup> |
| &nbsp;&nbsp;&nbsp;Class Y | 0.70% |  |  | 0.96%<sup>†</sup> |
| &nbsp;&nbsp;&nbsp;International Fixed Income Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Class F | 0.30% | 0.25% |  | 0.96% |
| &nbsp;&nbsp;&nbsp;Class Y | 0.30% |  |  | 0.71% |
| Emerging Markets Debt Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Class F | 0.60% | 0.25% |  | 1.02%<sup>††</sup> |
| &nbsp;&nbsp;&nbsp;Class Y | 0.60% |  |  | 0.77%<sup>††</sup> |

---

---

| | |
|:---|:---|
| <sup>†</sup> | Prior to May 1, 2025, the voluntary expense limitation was 1.26% and 1.01% for Emerging Markets Equity Fund Class F and Class Y, respectively. |
| <sup>††</sup> | Prior to May 1, 2025, the voluntary expense limitation was 1.06% and 0.81% for Emerging Markets Debt Fund Class F and Class Y, respectively. |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | First $1.5 Billion of<br> Assets | Next $500 Million of<br> Assets | Next $500 Million of<br> Assets | Next $500 Million of<br> 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 September 30, 2025, SIMC has entered into Investment Sub-Advisory Agreements with the following parties:

Investment Sub-Adviser

**International Equity Fund**

Acadian Asset Management LLC

Pzena Investment Management, LLC

WCM Investment Management LLC

**Emerging Markets Equity Fund**

Aikya Investment Management Limited

JOHCM (USA) Inc.

Robeco Institutional Asset Management US Inc.

**International Fixed Income Fund**

Colchester Global Investors Limited

RBC Global Asset Management (UK) Limited

Wellington Management Company LLP

**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 year ended September 30, 2025, 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 year ended September 30, 2025 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.

SEI Institutional International Trust 85

**NOTES TO FINANCIAL STATEMENTS (Continued)**

September 30, 2025

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

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

A portion of the services provided by the Chief Compliance Officer ("CCO") and his staff, whom are employees of the Administrator, are paid for by the Trust as incurred. The services include regulatory oversight of the Trust's Adviser, sub-advisers and service providers.

**Interfund Lending** — The SEC has granted an exemption that permits the Trust to participate in an interfund lending program ("The Program") with existing or future

investment companies registered under the 1940 Act that are advised by SIMC (the "SEI Funds"). The Program allows the SEI Funds to lend money to and borrow money from each other for temporary or emergency purposes. Participation in The Program is voluntary for both borrowing and lending funds. Interfund loans may be made only when the rate of interest to be charged is more favorable to the lending fund than an investment in overnight repurchase agreements ("Repo Rate"), and more favorable to the borrowing fund than the rate of interest that would be charged by a bank for short-term borrowings ("Bank Loan Rate"). The Bank Loan Rate will be determined using a formula reviewed annually by the SEI Funds' Board of Trustees. The interest rate imposed on interfund loans is the average of the Repo Rate and the Bank Loan Rate. As of and during the year ended September 30, 2025, the Trust has not participated in the Program.

6. INVESTMENT TRANSACTIONS

The cost of security purchases and the proceeds from the sale of securities, other than temporary cash investments, during the year ended September 30, 2025, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **International**<br> **Equity Fund**<br> ($ Thousands) | **Emerging Markets**<br> **Equity Fund**<br> ($ Thousands) | **International Fixed**<br> **Income Fund**<br> ($ Thousands) | **Emerging Markets**<br> **Debt Fund**<br> ($ Thousands) |
| **Purchases** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Government | $— | $— | $58927 | $— |
| &nbsp;&nbsp;&nbsp;Other | 2981821 | 1069514 | 232225 | 1256007 |
| **Sales** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Government |  |  | 65034 | 2013 |
| &nbsp;&nbsp;&nbsp;Other | 3985202 | 1317500 | 278060 | 1446640 |

---

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<br> Earnings (Loss)<br> ($ Thousands) | Paid-in Capital<br> ($ Thousands) |
| International Fixed Income Fund | $3070 | $(3070) |
| Emerging Markets Debt Fund | 927 | (927) |

---

These reclassifications had no impact on net assets or net asset value per share.

86 SEI Institutional International Trust

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | Ordinary Income<br> ($ Thousands) | Long-term Capital Gain<br> ($ Thousands) | Total<br> ($ Thousands) |
| International Equity Fund | 2025 | $116679 | $250181 | $366860 |
|  | 2024 | 80813 |  | 80813 |
| Emerging Markets Equity Fund | 2025 | 43326 |  | 43326 |
|  | 2024 | 23307 |  | 23307 |
| International Fixed Income Fund | 2025 |  |  |  |
|  | 2024 |  |  |  |
| Emerging Markets Debt Fund | 2025 | 62939 |  | 62939 |
|  | 2024 | 62318 |  | 62318 |

---

As of September 30, 2025, the components of Distributable Earnings (Accumulated Losses) were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Undistributed<br> Ordinary<br> Income<br> ($ Thousands) | Undistributed<br> Long-Term<br> Capital Gain<br> ($ Thousands) | Capital<br> Loss<br> Carryforwards<br> ($ Thousands) | Post<br> October<br> Losses<br> ($ Thousands) | Late Year<br> Ordinary<br> Losses<br> ($ Thousands) | Unrealized<br> Appreciation<br> (Depreciation)<br> ($ Thousands) | Other<br> Temporary<br> Differences<br> ($ Thousands) | Total<br> Distributable<br> Earnings<br> (Accumulated<br> Losses)<br> ($ Thousands) |
| International Equity Fund | $207260 | $300818 | $— | $– $|  | $760284 | $(2) | $1268360 |
| Emerging Markets Equity Fund | 51887 |  | (12712) | – |  | 357308 | (1) | 396482 |
| International Fixed Income Fund |  |  | (33082) | – | (5962) | (5246) | (5894) | (50184) |
| Emerging Markets Debt Fund | 11981 |  | (265634) | – |  | 36109 | (25520) | (243064) |

---

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<br> Loss<br> ($ Thousands) | Long-Term<br> Loss<br> ($ Thousands) | Total<br> ($ Thousands) |
| Emerging Markets Equity Fund | 12712 |  | 12712 |
| International Fixed Income Fund | 9872 | 23210 | 33082 |
| Emerging Markets Debt Fund | 130264 | 135370 | 265634 |

---

For Federal income tax purposes, the cost of securities owned at September 30, 2025, and the net realized gains or losses on securities sold for the period were not materially different from amounts reported for financial reporting purposes. These differences are primarily due to investments in derivatives, passive foreign investment companies and wash sales which

cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. The aggregate gross unrealized appreciation and depreciation on total investments held by the Funds at September 30, 2025, was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Federal Tax Cost<br> ($ Thousands) | Appreciated<br> Securities<br> ($ Thousands) | Depreciated<br> Securities<br> ($ Thousands) | Net Unrealized<br> Appreciation/<br> (Depreciation)<br> ($ Thousands) |
| International Equity Fund | $2835434 | $832926 | $(72642) | $760284 |
| Emerging Markets Equity Fund | 1221317 | 484815 | (127507) | 357308 |
| International Fixed Income Fund | 366481 | 13678 | (18924) | (5246) |
| Emerging Markets Debt Fund | 868361 | 56561 | (20452) | 36109 |

---

Management has analyzed the Funds' tax positions taken on federal income tax returns for all open tax years and has concluded that as of September 30, 2025, 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.

SEI Institutional International Trust 87

**NOTES TO FINANCIAL STATEMENTS (Continued)**

September 30, 2025

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.

88 SEI Institutional International Trust

**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 September 30, 2025, SPTC held of record the following:

---

| | | | |
|:---|:---|:---|:---|
| Fund | Class F | Class I | Class Y |
| International Equity Fund | 93.39% | 0.04% | 60.68% |
| Emerging Markets Equity Fund | 95.71% | —% | 66.38% |
| International Fixed Income Fund | 97.47% | —% | 99.04% |
| Emerging Markets Debt Fund | 96.94% | —% | 69.50% |

---

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

In this reporting period, 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 the new 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. SIMC acts as the Funds' CODM. The CODM has determined that the Funds represent a single operating segment, as the CODM monitors the operating results of the Funds as a whole and the Funds' long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Funds' portfolio managers as a team. The financial information in the form of the Funds' schedules of investments, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions), which are used by the CODM to assess the segment's performance versus the Funds' comparative benchmarks and to make resource allocation decisions for the Funds' single segment, is consistent with that presented within the Funds' financial statements. 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.

SEI Institutional International Trust 89

**NOTES TO FINANCIAL STATEMENTS (Concluded)**

September 30, 2025

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 September 30, 2025.

90 SEI Institutional International Trust

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Shareholders of the Funds and Board of Trustees

SEI Institutional International Trust:

**Opinion on the Financial Statements**

We have audited the accompanying statements of assets and liabilities of SEI Institutional International Trust, comprised of International Equity Fund, Emerging Markets Equity Fund, International Fixed Income Fund, and Emerging Markets Debt Fund (collectively, the Funds), including the schedules of investments, as of September 30, 2025, the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights for each of the years in the five-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Funds as of September 30, 2025, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

**Basis for Opinion**

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of September 30, 2025, by correspondence with the custodian, transfer agent, agent banks, and brokers or by other appropriate auditing procedures when replies were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of one or more SEI Funds investment companies since 2005.

Philadelphia, Pennsylvania

November 26, 2025

SEI Institutional International Trust 91

**NOTICE TO SHAREHOLDERS (Unaudited)**

For shareholders who do not have a September 30, 2025, taxable year end, this notice is for informational purposes only. For shareholders with a September 30, 2025, taxable year end, please consult your tax adviser as to the pertinence of this notice.

For the fiscal year ended September 30, 2025, the Funds are designating long term and qualifying dividend income with regard to distributions paid during the year as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | (A)<br> Return of<br> Capital | (B)<br> Long Term<br> Capital Gains<br> Distributions<br> (Tax Basis) | (C)<br> Ordinary<br> Income<br> Distributions<br> (Tax Basis) | (D)<br> Total<br> Distributions<br> (Tax Basis) | (E)<br> Dividends<br> Qualifying<br> for Corporate<br> Dividends Rec.<br> Deduction<sup>(1)</sup> | (F)<br> Qualifying<br> Dividend<br> Income<br> (15% Tax Rate<br> for QDI)<sup>(2)</sup> | (G)<br> U.S.<br> Government<br> Interest<sup>(3)</sup> | (H)<br> Interest<br> Related<br> Dividends<sup>(4)</sup> | (I)<br> Short-Term<br> Capital Gain<br> Dividends<sup>(5)</sup> |
| International Equity Fund | 0.00% | 66.66% | 33.34% | 100.00% | 7.88% | 91.42% | 2.42% | 1.79% | 100.00% |
| Emerging Markets Equity Fund | 0.00% | 0.00% | 100.00% | 100.00% | 0.03% | 68.00% | 0.00% | 1.13% | 0.00% |
| International Fixed Income Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Emerging Markets Debt Fund | 0.00% | 0.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |

---

The Funds intend to pass through foreign tax credit to shareholders. For the fiscal year ended September 30, 2025, the amount of foreign source income and foreign tax credit are as follows (Thousands):

---

| | | |
|:---|:---|:---|
| Fund | Foreign Source Income | Foreign Tax Credit Pass Through |
| International Equity | $97716 | $8426 |
| Emerging Markets Equity | 37629 | 7840 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) "Dividends Received Deduction"
 represent dividends which qualify for the corporate dividends received deduction.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The percentage in this column represents the amount of "Qualifying
 Dividend Income" is reflected as a percentage of "Ordinary Income Distributions." It is the intention of each of the
 aforementioned funds to designate the maximum amount permitted by the law. The information reported herein may differ from the information
 and distributions taxable to the shareholders for the calendar year ending December 31, 2025. Complete information will be computed and
 reported in conjunction with your 2025 Form 1099-DIV.

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

&nbsp;&nbsp;&nbsp;&nbsp;(4) The percentage in this column represents
 the amount of "Interest Related Dividend" is reflected as a percentage of ordinary income distribution. Interest related dividends
 is exempted from U.S. withholding tax when paid to foreign investors.

&nbsp;&nbsp;&nbsp;&nbsp;(5) The percentage of this column represents
 the amount of "Short Term Capital Gain Dividend" is reflected as a percentage of short term capital gain distribution that
 is exempted from U.S. withholding tax when paid to foreign investors.

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

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

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

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

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

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

92 SEI Institutional International Trust

**OTHER INFORMATION (FORM N-CSR 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.**

At a Special Meeting of Shareholders held on March 26, 2025, shareholders of the SEI Institutional International Trust elected Trustees. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting. In addition to the Trustees elected below, William M. Doran continued to serve as a Trustee until his retirement on May 31, 2025.

Proposal 1-To elect a Board of Trustees.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Director** | **Votes For** | **Votes Withheld** | **Abstained** | **Broker Non-Votes** |
| Robert A. Nesher | 340675312 | 8475567 | N/A | N/A |
| Nina Lesavoy | 340836023 | 8314859 | N/A | N/A |
| James M. Williams | 340729400 | 8421480 | N/A | N/A |
| James B. Taylor | 340815356 | 8335524 | N/A | N/A |
| Susan C. Cote | 340891214 | 8259671 | N/A | N/A |
| Christine Reynolds | 340911755 | 8239129 | N/A | N/A |
| Thomas Melendez | 340797393 | 8353489 | N/A | N/A |
| Dennis J. McGonigle | 340859731 | 8291151 | N/A | N/A |
| Eli Powell Niepoky | 340865632 | 8285251 | N/A | N/A |
| Kimberly Walker | 340876100 | 8274786 | N/A | N/A |

---

Proposal 2 - To amend the Agreement and Declaration of Trust to reduce the shareholder quorum requirement from a majority to one-third (33-1/3%).

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Votes For** | **Votes For** | **Votes Against** | **Votes Against** | **Abstained** | **Abstained** | **Broker Non-Votes** |
|  | 316641815 |  | 9457793 |  | 7270201 | N/A |

---

**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.

SEI Institutional International Trust 93

**OTHER INFORMATION (FORM N-CSR ITEMS 8-11) (Unadited) (Continued)**

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

Specifically, during the course of the Trust's fiscal year, the Board requested and received written materials from SIMC and the Sub-Advisers regarding: (i) the quality of SIMC's and the Sub-Advisers' investment management and other services; (ii) SIMC's and the Sub-Advisers' investment management personnel; (iii) SIMC's and the Sub-Advisers' operations and financial condition; (iv) SIMC's and the Sub-Advisers' brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the level of the advisory fees that SIMC charges the Funds and the level of the sub-advisory fees that SIMC pays the Sub-Advisers, compared with fees each charge to comparable accounts; (vi) the advisory fees charged by SIMC and the Funds' overall fees and operating expenses compared with peer groups of mutual funds prepared by Broadridge, an independent provider of investment company data that was engaged to prepare an assessment of the Funds in connection with the renewal of the Investment Advisory Agreements (the "Broadridge Report"); (vii) the level of SIMC's and the Sub-Advisers' profitability from their Fund-related operations; (viii) SIMC's and the Sub-Advisers' compliance program, including a description of material compliance matters and material compliance violations; (ix) SIMC's potential economies of scale; (x) SIMC's and the Sub-Advisers' policies on and compliance procedures for personal securities transactions; (xi) SIMC's and the Sub-Advisers' expertise and resources in domestic and/or international financial markets; and (xii) the Funds' performance over various periods of time compared with peer groups of mutual funds prepared by Broadridge and the Funds' benchmark indexes.

At the December 2-4, 2024 meeting of the Board, the Board approved a brief extension of the Advisory Agreement to accommodate a revised Spring meeting schedule. Typically, the Trustees renew the Advisory Agreement 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 2025 was held on April 1-3, the Advisory Agreement would have expired prior to the meeting, without the extension. Accordingly, the Board voted in-person at the December 2-4, 2024 meeting to extend the Advisory Agreement until the April 1-3, 2025 meeting. In evaluating whether to approve the extension of the Advisory Agreement, 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 April 1-3, 2025 meeting, the Board evaluated the Advisory Agreement in accordance with the renewal process that it typically applies during the annual contract renewal each Spring. Also, certain Sub-Advisory Agreements were either initially approved or, if the Sub-Advisory Agreement was already in effect (unless operating under an initial two-year term), renewed at meetings of the Board held during the course of the Trust's fiscal year on December 2-4, 2024, June 23-25, 2025 and September 15-17, 2025. The Board's approvals were based on its consideration and evaluation of the factors described above, as discussed at each meeting during the fiscal year. 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 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 approval or renewal of the Investment Advisory Agreements. In addition to advisory services, the Board considered the nature and quality of certain administrative, transfer agency and other non-investment advisory services provided to the Funds by SIMC and/or its affiliates.

94 SEI Institutional International Trust

 **Performance.** In determining whether to renew SIMC's Advisory Agreement, the Trustees considered the Funds' performance relative to their peer groups and appropriate indexes/benchmarks. The Trustees reviewed performance information for each Fund, noting that they receive performance reports that permit them to monitor each Fund's performance at board meetings throughout the year. As part of this review, the Trustees considered the composition of each peer group and selection criteria. In assessing Fund performance, the Trustees considered the Broadridge Report. The Broadridge Report included metrics on risk analysis, volatility versus total return, net total return and performance consistency for the Funds and a universe of comparable funds. Based on the materials considered and discussed at the meetings, the Trustees found Fund performance satisfactory, or, where performance was materially below the benchmark and/or peer group, the Trustees were satisfied with the reasons provided to explain such performance. In connection with the approval or renewal of Sub-Advisory Agreements, the Board considered the performance of the Sub-Adviser relative to appropriate indexes/benchmarks. Following evaluation, the Board concluded that, within the context of its full deliberations, the performance of the Funds was sufficient to support the renewal of SIMC's Advisory Agreement, and the performance of each Sub-Adviser was sufficient to support the approval or renewal of the Sub-Advisory Agreement.

**Fees.** With respect to the Funds' expenses under the Investment Advisory Agreements, the Trustees considered the rate of compensation called for by the Investment Advisory Agreements and the Funds' net operating expense ratios in comparison to those of the Funds' respective peer groups. In assessing Fund expenses, the Trustees considered the information in the Broadridge Report, which included various metrics related to fund expenses, including, but not limited to, contractual management fees at various asset levels, actual management fees (including transfer agent expenses), and actual total expenses for the Funds and a universe of comparable funds. Based on the materials considered and discussion at the meetings, the Trustees further determined that fees were either shown to be below the peer average in the comparative fee analysis, or that there was a reasonable basis for the fee level. The Trustees also considered the effects of SIMC's and its affiliates' voluntary waivers of management and other fees to prevent total Fund operating expenses from exceeding any applicable cap and concluded that SIMC, through waivers, has maintained the Funds' net operating expenses at competitive levels for its distribution channels. In determining the appropriateness of fees, the Board also took into consideration the impact of fees incurred indirectly by the Funds as a result of investments into underlying funds, including funds from which SIMC or its affiliates earn fees. The Board also took into consideration compensation earned from the Funds by SIMC or its affiliates for non-advisory services, such as administration, transfer agency, shareholder services or brokerage, and considered whether SIMC and its affiliates may have realized other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements. When considering fees paid to Sub-Advisers, the Board took into account the fact that the Sub-Advisers are compensated by SIMC and not by the Funds directly, and that such compensation with respect to any unaffiliated Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. Following evaluation, the Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported the approval or renewal of the Investment Advisory Agreements. The Board also considered whether the Sub-Advisers and their affiliates may have realized other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements.

**Profitability.** With regard to profitability, the Trustees considered compensation flowing to SIMC and the Sub-Advisers and their affiliates, directly or indirectly. The Trustees considered whether the levels of compensation and profitability were reasonable. As with the fee levels, when considering the profitability of the Sub-Advisers, the Board took into account the fact that compensation with respect to any unaffiliated Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. In connection with the approval or renewal of each Sub-Advisory Agreement, the Board also took into consideration the impact that the fees paid to the Sub-Adviser have on SIMC's advisory fee margin and profitability. Based on this evaluation, the Board concluded that, within the context of its full deliberations, the profitability of each of SIMC and the Sub-Advisers is reasonable and supported the approval or renewal of the Investment Advisory Agreements.

SEI Institutional International Trust 95

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

**Economies of Scale.** With respect to the Advisory Agreement, the Trustees considered whether any economies of scale were being realized by SIMC and its affiliates and, if so, whether the benefits of such economies of scale were passed along to the Funds' shareholders through a graduated investment advisory fee schedule or other means, including any fee waivers by SIMC and its affiliates. The Trustees recognized that economies of scale are difficult to identify and quantify and are rarely identifiable on a fund-by-fund basis. Based on this evaluation, the Board determined that the fees were reasonable in light of the information that was provided by SIMC with respect to economies of scale.

Based on the Trustees' deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, with the assistance of Fund counsel and Independent Trustees' counsel, unanimously approved the approval or renewal, as applicable, of the Investment Advisory Agreements and concluded that the compensation under the Investment Advisory Agreements is fair and reasonable in light of such services and expenses and such other matters as the Trustees considered to be relevant in the exercise of their reasonable judgment. In the course of its deliberations, the Board did not identify any particular factor (or conclusion with respect thereto) or single piece of information that was all-important, controlling or determinative of its decision, but considered all of the factors together, and each Trustee may have attributed different weights to the various factors (and conclusions with respect thereto) and information.

96 SEI Institutional International Trust

**SEI INSTITUTIONAL INTERNATIONAL TRUST / ANNUAL REPORT / SEPTEMBER 30, 2025**

**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)**

---

| | |
|:---|:---|
| ![](fp0096366_02.jpg) | &nbsp;&nbsp; 1 Freedom Valley Drive<br> P.O. Box 1100<br> Oaks, Pennsylvania 19456<br>|

---

**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.

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

Not applicable.

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

Not applicable.

**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.

**Item 18. Recovery of Erroneously Awarded Compensation.**

(a) Not applicable.

(b) Not applicable.

**Item 19. Exhibits.**

[(a)(1) Code of Ethics attached hereto.](fp0096366-1_ex99code.htm)

(a)(2) Not applicable.

[(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 the Investment Company Act of 1940, are filed herewith.](fp0096366-1_ex99cert.htm)

(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 exhibits.](fp0096366-1_ex99906cert.htm)

**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: December 4, 2025 |  |

---

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: December 4, 2025 |  |
| By: | /s/ Glenn R. Kurdziel |
|  | Glenn R. Kurdziel |
|  | Controller & CFO |
|  | (Principal Financial Officer) |
| Date: December 4, 2025 |  |

---

## Ex-99.Code

**SEI TAX EXEMPT TRUST**

**SEI DAILY INCOME TRUST**

**SEI INSTITUTIONAL MANAGED TRUST**

**SEI INSTITUTIONAL INTERNATIONAL TRUST**

**SEI ASSET ALLOCATION TRUST**

**SEI INSTITUTIONAL INVESTMENTS TRUST**

**ADVISER MANAGED TRUST**

**NEW COVENANT FUNDS**

**SEI CATHOLIC VALUES TRUST**

**SEI EXCHANGE TRADED FUNDS**

**SEI CAYMAN FOREIGN CORPORATIONS**

**Financial Officer Code of Ethics**

1. <u>Introduction</u> 

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

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

2. <u>Purposes of the Code</u> 

The purposes of this Code are:

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

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

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

To promote compliance with applicable laws, rules and regulations;

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

To establish accountability for adherence to this Code.

3. <u>Questions about this Code</u> 

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

4. <u><u>Conduct Guidelines</u></u> 

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

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

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) **Promote ethical conduct.** Each Trust's SFOs should at all times proactively promote ethical
behavior among peers in your work environment.

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

5. <u>Waivers of this Code</u> 

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

6. <u>Affirmation of the Code</u> 

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

7. <u>Reporting Violations</u> 

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

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

<u>8.</u> <u>Violations of the Code</u> 

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

Dated: October 2022

## Ex-99.Cert

CERTIFICATION

Pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 and Section 302

of the Sarbanes-Oxley Act of 2002

I, Robert A. Nesher, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I
 have reviewed this report on Form N-CSR of SEI Institutional International Trust (Registrant);

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

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

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

---

| |
|:---|
| Date: December 4, 2025 |
| /s/ Robert A. Nesher |
| Robert A. Nesher |
| President & CEO |
| (Principal Executive Officer) |

---

CERTIFICATION

Pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 and Section 302

of the Sarbanes-Oxley Act of 2002

I, Glenn R. Kurdziel, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I
 have reviewed this report on Form N-CSR of SEI Institutional International Trust (Registrant);

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

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

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

---

| |
|:---|
| Date: December 4, 2025 |
| /s/ Glenn R. Kurdziel |
| Glenn R. Kurdziel |
| Controller & CFO |
| (Principal Financial Officer) |

---

## Exhibit 99.906

CERTIFICATION

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

The undersigned, the President and Chief Executive Officer of SEI Institutional International Trust (the "Trust"), with respect to the Trust's Report on Form N-CSR for the fiscal year ended September 30, 2025 as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. such Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust.

---

| | |
|:---|:---|
| Dated: December 4, 2025 |  |
|  | /s/ Robert A. Nesher |
|  | Robert A. Nesher |
|  | President & CEO |
|  | (Principal Executive Officer) |

---

CERTIFICATION

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

The undersigned, the Controller and Chief Financial Officer of SEI Institutional International Trust (the "Trust"), with respect to the Trust's Report on Form N-CSR for the fiscal year ended September 30, 2025 as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

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

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust.

---

| | |
|:---|:---|
| Dated: December 4, 2025 |  |
|  | /s/ Glenn R. Kurdziel |
|  | Glenn R. Kurdziel |
|  | Controller & CFO |
|  | (Principal Financial Officer) |

---