# EDGAR Filing Document

**Accession Number:** 0000701817
**File Stem:** 0001752724-23-017370
**Filing Date:** 2023-1
**Character Count:** 745763
**Document Hash:** 081bcd69a360bca432a8e3cd1704e909
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-017370.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001752724-23-017370

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEI TAX EXEMPT TRUST
- **CENTRAL INDEX KEY:** 0000701817
- **IRS NUMBER:** 236741646
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03447
- **FILM NUMBER:** 23565507

**BUSINESS ADDRESS:**
- **STREET 1:** SEI INVESTMENTS
- **STREET 2:** 1 FREEDOM VALLEY CIRCLE
- **CITY:** OAK
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** 610 676-3097

**MAIL ADDRESS:**
- **STREET 1:** SEI INVESTMENTS
- **STREET 2:** 1 FREEDOM VALLEY CIRCLE
- **CITY:** OAK
- **STATE:** PA
- **ZIP:** 19456

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUSTFUNDS TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19890123

## Series and Classes Contracts Data

### STET SHORT DURATION MUNICIPAL FUND (Series ID: S000006430)

| Class ID   | Class Name                                                                           | Ticker Symbol   |
|:---|:---|:---|
| C000017624 | STET SHORT DURATION MUNICIPAL FUND - CLASS F, effective 1-31-2017 (formerly Class A) | SUMAX           |
| C000147411 | STET SHORT DURATION MUNICIPAL FUND - CLASS Y                                         | SHYMX           |

## Nport-Ex

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** 

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS — 98.9%** | **MUNICIPAL BONDS — 98.9%** | **MUNICIPAL BONDS — 98.9%** |
| **Alabama — 2.3%** | **Alabama — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;Alabama State, Port Authority, Ser A, AMT, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026  | $1000 | $1057 |
| &nbsp;&nbsp;&nbsp;Birmingham, Airport Authority, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  | 225 | 228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 325 | 336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 1075 | 1171 |
| &nbsp;&nbsp;&nbsp;Black Belt, Energy Gas District, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2051 (A) | 5570 | 5467 |
| &nbsp;&nbsp;&nbsp;Black Belt, Energy Gas District, Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2049 (A) | 5000 | 4980 |
| &nbsp;&nbsp;&nbsp;Jefferson County, Refunding Warrants, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2025  | 2500 | 2621 |
| &nbsp;&nbsp;&nbsp;Lower Alabama, Gas District, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2050 (A) | 5000 | 4983 |
| &nbsp;&nbsp;&nbsp;Lower Alabama, Gas District, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2028  | 3300 | 3453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2031  | 3140 | 3314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2034  | 2000 | 2098 |
| &nbsp;&nbsp;&nbsp;Southeast Alabama, Gas Supply District, Project #1, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2049 (A) | 5000 | 4994 |
| &nbsp;&nbsp;&nbsp;Southeast Energy Authority, Cooperative District, Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/01/2053 (A) | 4920 | 5229 |
| &nbsp;&nbsp;&nbsp;Troy University, Ser A, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  | 645 | 707 |
|  |  | 40638 |
| **Alaska — 0.1%** | **Alaska — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;Anchorage, Water Revenue, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2031  | 1500 | 1625 |
| &nbsp;&nbsp;&nbsp;Northern Alaska, Tobacco Securitization, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2036  | 615 | 587 |
|  |  | 2212 |
| **Arizona — 2.4%** | **Arizona — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;Arizona State, Industrial Development Authority, American Charter Schools Foundation Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 07/01/2037 (B) | 1805 | 1854 |
| &nbsp;&nbsp;&nbsp;Arizona State, Industrial Development Authority, Equitable School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2036  | 4570 | 4443 |
| &nbsp;&nbsp;&nbsp;Arizona State, Industrial Development Authority, Legacy Cares Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 07/01/2050 (B) | 3560 | 2492 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Arizona State, Industrial Development Authority, Ser 2019-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 05/20/2033  | $3310 | $3185 |
| &nbsp;&nbsp;&nbsp;Coconino County, Pollution Control, Nevada Power Company, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.650%, 03/01/2039 (A) | 2000 | 1991 |
| &nbsp;&nbsp;&nbsp;Glendale, Industrial Development Authority, Inspirata Pointe Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2041  | 500 | 470 |
| &nbsp;&nbsp;&nbsp;Glendale, Industrial Development Authority, Royal Oaks Life Care Community, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/15/2028  | 380 | 359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/15/2031  | 500 | 455 |
| &nbsp;&nbsp;&nbsp;Maricopa County, Industrial Development Authority, Banner Health Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2031  | 2250 | 2419 |
| &nbsp;&nbsp;&nbsp;Maricopa County, Industrial Development Authority, Christian Care Surprise Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 01/01/2036 (B) | 1560 | 1212 |
| &nbsp;&nbsp;&nbsp;Maricopa County, Industrial Development Authority, Commercial Metals Company Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/15/2047 (B) | 305 | 243 |
| &nbsp;&nbsp;&nbsp;Phoenix, Civic Improvement Authority, Junior Lien, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033  | 2000 | 2153 |
| &nbsp;&nbsp;&nbsp;Phoenix, Civic Improvement Authority, Junior Lien, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 600 | 629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 250 | 262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  | 500 | 524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032  | 1095 | 1145 |
| &nbsp;&nbsp;&nbsp;Phoenix, Civic Improvement Authority, Junior Lien, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  | 3100 | 3345 |
| &nbsp;&nbsp;&nbsp;Phoenix, Industrial Development Authority, Downtown Phoenix Student Housing, ASU Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 350 | 362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032  | 115 | 118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033  | 355 | 362 |
| &nbsp;&nbsp;&nbsp;Phoenix, Industrial Development Authority, Mayo Clinic Project, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.370%, 11/15/2052 (A) | 700 | 700 |
| &nbsp;&nbsp;&nbsp;Salt Verde, Financial Gas Revenue Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/01/2024  | 1330 | 1364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/01/2026  | 4510 | 4697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 2500 | 2623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2037  | 1000 | 1034 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Tempe, Industrial Development Authority, Friendship Village Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2027  | $| 355 | $336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2028  |  | 365 | 339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2029  |  | 385 | 352 |
| &nbsp;&nbsp;&nbsp;Tempe, Industrial Development Authority, Mirabella at ASU Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 10/01/2037 (B) |  | 1200 | 1094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 10/01/2027 (B) |  | 900 | 865 |
| &nbsp;&nbsp;&nbsp;Yavapai County, Industrial Development Authority, Yavapai Regional Medical Center Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 08/01/2033  |  | 1000 | 1012 |
|  |  |  | 42439 |
| **Arkansas — 0.2%** | **Arkansas — 0.2%** | **Arkansas — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;Arkansas State, University of Central Arkansas, Auxiliary Project, Ser C, RB, AMBAC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 04/01/2026  |  | 1265 | 1332 |
| &nbsp;&nbsp;&nbsp;Arkansas State, University of Central Arkansas, Student Fee Project, Ser B, RB, AMBAC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 04/01/2026  |  | 1265 | 1332 |
| &nbsp;&nbsp;&nbsp;Fort Smith, Water & Sewer Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2035  |  | 1500 | 1612 |
|  |  |  | 4276 |
| **California — 6.2%** | **California — 6.2%** | **California — 6.2%** |  |
| &nbsp;&nbsp;&nbsp;Bay Area, Toll Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.150%, 04/01/2056 (A) |  | 1115 | 1087 |
| &nbsp;&nbsp;&nbsp;California County, Tobacco Securitization Agency, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025  |  | 200 | 208 |
| &nbsp;&nbsp;&nbsp;California State, Community Choice Financing Authority, Clean Energy Project, Ser A-1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2053 (A) |  | 2000 | 1999 |
| &nbsp;&nbsp;&nbsp;California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/01/2052 (A) |  | 6520 | 6433 |
| &nbsp;&nbsp;&nbsp;California State, Department of Water Resources, Ser AS, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024 (C) |  | 1910 | 2008 |
| &nbsp;&nbsp;&nbsp;California State, Enterprise Development Authority, M@College Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2045  |  | 370 | 370 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;California State, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 09/01/2047  | $500 | $567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2026  | 6380 | 6873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2028  | 3000 | 3261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2029  | 1500 | 1629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2030  | 3395 | 3684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2034  | 3650 | 4291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2035  | 850 | 944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2042  | 1500 | 1693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2041  | 360 | 363 |
| &nbsp;&nbsp;&nbsp;California State, Health Facilities Financing Authority, Cedars-Sinai Health System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/15/2040  | 620 | 621 |
| &nbsp;&nbsp;&nbsp;California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser A1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  | 3225 | 3584 |
| &nbsp;&nbsp;&nbsp;California State, Housing Finance Agency, Certificates, Ser 2021-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 11/20/2035  | 2927 | 2640 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Caritas Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/15/2037  | 1055 | 1024 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/15/2034  | 1170 | 1191 |
| &nbsp;&nbsp;&nbsp;California State, Public Finance Authority, Enso Village Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 11/15/2028 (B) | 355 | 327 |
| &nbsp;&nbsp;&nbsp;California State, Public Finance Authority, Hoag Memorial Hospital Presbyterian, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/15/2036  | 370 | 376 |
| &nbsp;&nbsp;&nbsp;California State, Public Works Board, Judicial Council Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2026  | 1000 | 1006 |
| &nbsp;&nbsp;&nbsp;California State, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2030  | 5015 | 5332 |
| &nbsp;&nbsp;&nbsp;California State, Statewide Communities Development Authority, Baptist University Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 11/01/2023 (B) | 120 | 121 |
| &nbsp;&nbsp;&nbsp;California State, Various Purpose, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2033  | 7900 | 8942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2035  | 3000 | 3211 |
| &nbsp;&nbsp;&nbsp;Cathedral, Redevelopment Agency, Successor Agency, Sub-Ser, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2023  | 215 | 216 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Cathedral, Redevelopment Agency, Successor Agency, TA, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2033  | $750 | $778 |
| &nbsp;&nbsp;&nbsp;Foothill-Eastern, Transportation Corridor Agency, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2030  | 190 | 203 |
| &nbsp;&nbsp;&nbsp;Golden State, Tobacco Securitization Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025 (C) | 3000 | 3185 |
| &nbsp;&nbsp;&nbsp;Golden State, Tobacco Securitization Project, Ser A1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2026 (D) | 1450 | 1567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2027 (D) | 2875 | 3166 |
| &nbsp;&nbsp;&nbsp;Golden State, Tobacco Securitization Project, Ser A1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2028 (C) | 4960 | 5582 |
| &nbsp;&nbsp;&nbsp;Golden State, Tobacco Securitization Project, Sub-Ser B-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2066 (E) | 6375 | 683 |
| &nbsp;&nbsp;&nbsp;Inland Empire, Tobacco Securitization, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2057 (B)(E) | 77400 | 4226 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser S, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2033  | 535 | 584 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2028  | 1500 | 1620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/15/2037  | 500 | 484 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Water & Power, Power System Project, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032  | 2500 | 2562 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Water & Power, Water System Revenue, Ser A-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.850%, 07/01/2045 (A) | 650 | 650 |
| &nbsp;&nbsp;&nbsp;Northern California, Tobacco Securitization Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2049  | 1615 | 1603 |
| &nbsp;&nbsp;&nbsp;Riverside County, Transportation Commission, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2038  | 1000 | 970 |
| &nbsp;&nbsp;&nbsp;Sacramento, Airport System Revenue, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033  | 500 | 547 |
| &nbsp;&nbsp;&nbsp;Sacramento, Airport System Revenue, Sub-Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033  | 1000 | 1095 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | $| 350 | $359 |
| &nbsp;&nbsp;&nbsp;San Diego, Association of Governments, Mid-Coast Corridor Transit Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2025  |  | 3000 | 3135 |
| &nbsp;&nbsp;&nbsp;San Joaquin Hills, Transportation Corridor Agency, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2033  |  | 815 | 893 |
| &nbsp;&nbsp;&nbsp;San Joaquin Hills, Transportation Corridor Agency, Ser Senior Lien A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2025 (C) |  | 1165 | 1226 |
| &nbsp;&nbsp;&nbsp;Southern California, Water District, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025 (C) |  | 4000 | 4245 |
| &nbsp;&nbsp;&nbsp;Stockton, Successor Agency to the Redevelopment Agency, Ser A, TA, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2030  |  | 1750 | 1875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2031  |  | 1815 | 1946 |
| &nbsp;&nbsp;&nbsp;University of California, Regents Medical Center Pooled Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2034  |  | 725 | 833 |
|  |  |  | 108018 |
| **Colorado — 3.3%** | **Colorado — 3.3%** | **Colorado — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;Colorado State, Department of Transportation, COP  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2030  |  | 350 | 373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2031  |  | 500 | 532 |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, Commonspirit Health Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/01/2036  |  | 1135 | 1230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2033  |  | 875 | 948 |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2034  |  | 1500 | 1578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2037  |  | 1000 | 1038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2038  |  | 500 | 462 |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A-, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2039  |  | 2550 | 2325 |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, Covenant Living Communities Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2040  |  | 205 | 178 |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2049 (A) |  | 2265 | 2421 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/19/2026 (A)(C) | $235 | $253 |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, SCL Health System Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2030  | 2500 | 2828 |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, Sunbelt Obligated Group Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2036 (A) | 6425 | 6868 |
| &nbsp;&nbsp;&nbsp;Colorado State, Housing & Finance Authority, Ser K, RB, GNMA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 05/01/2050  | 920 | 917 |
| &nbsp;&nbsp;&nbsp;Denver City & County, Airport System Revenue Authority, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2030  | 1250 | 1330 |
| &nbsp;&nbsp;&nbsp;Denver City & County, Airport System Revenue Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2031  | 1000 | 1077 |
| &nbsp;&nbsp;&nbsp;Denver City & County, Airport System Revenue Authority, Ser D, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/15/2032  | 280 | 321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/15/2033  | 1030 | 1173 |
| &nbsp;&nbsp;&nbsp;Denver City & County, Airport System Revenue Authority, Sub-Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/15/2027  | 10000 | 10189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2031  | 2000 | 2133 |
| &nbsp;&nbsp;&nbsp;Denver City & County, Airport System Revenue Authority, Sub-Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/15/2026  | 2000 | 2045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/15/2032  | 1010 | 1031 |
| &nbsp;&nbsp;&nbsp;Denver City & County, Board of Water Commissioners, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2033  | 2000 | 2346 |
| &nbsp;&nbsp;&nbsp;Denver City & County, Convention Center Expansion Project, Ser 2018-A, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2030  | 1465 | 1564 |
| &nbsp;&nbsp;&nbsp;Denver City & County, Convention Center Expansion Project, Ser A, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2032  | 1360 | 1448 |
| &nbsp;&nbsp;&nbsp;Denver, Convention Center Hotel Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2029  | 400 | 410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2031  | 855 | 870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 1200 | 1219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2034  | 1000 | 1008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2035  | 800 | 805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2036  | 600 | 603 |
| &nbsp;&nbsp;&nbsp;E-470, Public Highway Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.903%, 09/01/2039 (A) | 610 | 604 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Park Creek, Metropolitan District, Ser A, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2032  | $| 1000 | $1050 |
| &nbsp;&nbsp;&nbsp;Regional Transportation District, Eagle P3 Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2029  |  | 600 | 636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2031  |  | 1115 | 1197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2031  |  | 2060 | 2209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2032  |  | 160 | 171 |
| &nbsp;&nbsp;&nbsp;University of Colorado, Enterprise Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 06/01/2051 (A) |  | 270 | 262 |
| &nbsp;&nbsp;&nbsp;Vauxmont Metropolitan District, Sub-Ser, GO, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2026  |  | 220 | 236 |
|  |  |  | 57888 |
| **Connecticut — 2.1%** | **Connecticut — 2.1%** | **Connecticut — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;Connecticut State, Health & Educational Facilities Authority, Covenant Home Project, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2036  |  | 1230 | 1258 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Health & Educational Facilities Authority, Sacred Heart University Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  |  | 840 | 927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  |  | 230 | 254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2034  |  | 900 | 952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2036  |  | 700 | 733 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Health & Educational Facilities Authority, University of Hartford Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  |  | 255 | 260 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Health & Educational Facilities Authority, Univesrity of Hartford Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  |  | 390 | 396 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Health & Educational Facilities Authority, Yale University, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.100%, 07/01/2049 (A) |  | 1420 | 1341 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2025  |  | 2000 | 2040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/15/2036  |  | 1105 | 1136 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Ser C, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2026  |  | 2460 | 2649 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Ser E, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/15/2029  |  | 5000 | 5573 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Special Tax Obligation, Transportation Infrastructure, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2031  |  | 1000 | 1144 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Connecticut State, Special Tax Obligation, Transportation Infrastructure, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2034  | $| 2500 | $2581 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Special Tax Obligation, Transportation Infrastructure, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2030  |  | 2000 | 2234 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Special Tax Revenue State, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2036  |  | 1300 | 1332 |
| &nbsp;&nbsp;&nbsp;University of Connecticut, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2037  |  | 5500 | 6137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2038  |  | 4740 | 5270 |
|  |  |  | 36217 |
| **District of Columbia — 1.2%** | **District of Columbia — 1.2%** | **District of Columbia — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;District of Columbia, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2041  |  | 4000 | 4473 |
| &nbsp;&nbsp;&nbsp;District of Columbia, Ser D, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2033  |  | 2500 | 2698 |
| &nbsp;&nbsp;&nbsp;Metropolitan Washington, Airports Authority, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2028  |  | 2000 | 2129 |
| &nbsp;&nbsp;&nbsp;Metropolitan Washington, Airports Authority, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2027  |  | 7205 | 7546 |
| &nbsp;&nbsp;&nbsp;Metropolitan Washington, Airports Authority, Sub-Ser, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2035  |  | 1000 | 967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2038  |  | 1000 | 945 |
| &nbsp;&nbsp;&nbsp;Washington Metropolitan, Transit Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/15/2039  |  | 3000 | 3029 |
|  |  |  | 21787 |
| **Florida — 6.8%** | **Florida — 6.8%** | **Florida — 6.8%** |  |
| &nbsp;&nbsp;&nbsp;Alachua County, Celebration Pointe, Community Development District No. 1, SAB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 05/01/2024  |  | 135 | 136 |
| &nbsp;&nbsp;&nbsp;Alachua County, Health Facilities Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2030  |  | 1500 | 1620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2037 (A) |  | 4000 | 4235 |
| &nbsp;&nbsp;&nbsp;Broward County, Airport System Revenue, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2034  |  | 1300 | 1356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2035  |  | 2000 | 2079 |
| &nbsp;&nbsp;&nbsp;Broward County, Airport System Revenue, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  |  | 2885 | 3164 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Broward County, Airport System Revenue, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2029  | $1000 | $1086 |
| &nbsp;&nbsp;&nbsp;Broward County, Port Facilities Revenue, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2028  | 1000 | 1116 |
| &nbsp;&nbsp;&nbsp;Broward County, Shool District, Ser A, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 5000 | 5542 |
| &nbsp;&nbsp;&nbsp;Capital Projects Finance Authority, Florida University Project, Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2027  | 365 | 373 |
| &nbsp;&nbsp;&nbsp;Central Florida, Expressway Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 1250 | 1356 |
| &nbsp;&nbsp;&nbsp;Central Florida, Expressway Authority, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 2900 | 3169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2034  | 770 | 794 |
| &nbsp;&nbsp;&nbsp;Central Florida, Expressway Authority, Ser D, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2035  | 1500 | 1682 |
| &nbsp;&nbsp;&nbsp;Escambia County, Health Facilities Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/15/2045  | 640 | 558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/15/2050  | 1900 | 1612 |
| &nbsp;&nbsp;&nbsp;Florida State, Capital Trust Agency, University Bridge, Student Housing Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/01/2043 (B) | 3000 | 2791 |
| &nbsp;&nbsp;&nbsp;Florida State, Citizens Property Insurance, Coastal Account, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025  | 15000 | 15593 |
| &nbsp;&nbsp;&nbsp;Florida State, Development Finance, Brightline Passenger Rail Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 01/01/2049 (B) | 2465 | 2191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 07/01/2057 (A)(B) | 3100 | 3080 |
| &nbsp;&nbsp;&nbsp;Florida State, Development Finance, Nova Southern University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2026  | 285 | 299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2027  | 325 | 346 |
| &nbsp;&nbsp;&nbsp;Florida State, Development Finance, Surface Transportation Facility, Virgin Trains USA Passenger Rail Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 01/01/2049 (A)(B) | 1000 | 899 |
| &nbsp;&nbsp;&nbsp;Florida State, Higher Educational Facilities Financial Authority, Ringling College Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2037  | 1295 | 1309 |
| &nbsp;&nbsp;&nbsp;Florida State, Municipal Power Agency, All Requirements Power Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2028  | 1000 | 1057 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Florida State, Municipal Power Agency, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2024  | $1480 | $1539 |
| &nbsp;&nbsp;&nbsp;Florida State, Sunshine Skyway Bridge, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2033  | 2930 | 3031 |
| &nbsp;&nbsp;&nbsp;Florida State, Village Community Development District No. 13, SAB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/01/2029  | 965 | 842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.800%, 05/01/2026  | 530 | 479 |
| &nbsp;&nbsp;&nbsp;Greater Orlando, Aviation Authority, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2030  | 1500 | 1627 |
| &nbsp;&nbsp;&nbsp;Hillsborough County, Solid Waste & Resource Recovery Revenue, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2031  | 3695 | 3886 |
| &nbsp;&nbsp;&nbsp;JEA Electric System Revenue, Ser Three, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2035  | 3000 | 3277 |
| &nbsp;&nbsp;&nbsp;JEA Electric System Revenue, Sub-Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ –  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 0 (C) | 970 | 988 |
| &nbsp;&nbsp;&nbsp;JEA Water & Sewer System Revenue, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2035  | 1000 | 1112 |
| &nbsp;&nbsp;&nbsp;Lee County, Solid Waste System Revenue, AMT, RB, NATL  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026  | 2425 | 2530 |
| &nbsp;&nbsp;&nbsp;Leesburg, Village Community Development District No. 14, SAB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 05/01/2037  | 1225 | 1235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 05/01/2032  | 200 | 200 |
| &nbsp;&nbsp;&nbsp;Miami Beach, Redevelopment Agency, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2030  | 2500 | 2554 |
| &nbsp;&nbsp;&nbsp;Miami-Dade County, Aviation Revenue, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2033  | 2000 | 2029 |
| &nbsp;&nbsp;&nbsp;Miami-Dade County, Educational Facilities Authority, University of Miami Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2030  | 430 | 446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2031  | 910 | 943 |
| &nbsp;&nbsp;&nbsp;Miami-Dade County, School Board Foundation, Ser B, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2026  | 6985 | 7303 |
| &nbsp;&nbsp;&nbsp;Miami-Dade County, Water & Sewer System Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2034  | 1750 | 1812 |
| &nbsp;&nbsp;&nbsp;Orange County, Convention Center, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2024  | 310 | 322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026  | 755 | 799 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Orange County, Tourist Development Tax Revenue, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2032  | $| 3270 | $3470 |
| &nbsp;&nbsp;&nbsp;Orlando, Utilities Commission, Ser ES, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2036  |  | 3500 | 3789 |
| &nbsp;&nbsp;&nbsp;Osceola County, Transportation Revenue, Ser A-2, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/01/2025 (E) |  | 125 | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/01/2026 (E) |  | 275 | 229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/01/2027 (E) |  | 360 | 285 |
| &nbsp;&nbsp;&nbsp;Palm Beach County, Health Facilities Authority, Retirement Life Community Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2032  |  | 5850 | 5889 |
| &nbsp;&nbsp;&nbsp;Pompano Beach, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.450%, 01/01/2027  |  | 450 | 394 |
| &nbsp;&nbsp;&nbsp;Port Saint Lucie, Utility System Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2029  |  | 1500 | 1609 |
| &nbsp;&nbsp;&nbsp;Saint Johns County, Industrial Development Authority, Vicars Landing Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/15/2046  |  | 305 | 226 |
| &nbsp;&nbsp;&nbsp;Seminole County, Industrial Development Authority, Legacy Pointe at UCF Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/15/2039  |  | 3660 | 3084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 11/15/2025  |  | 835 | 781 |
| &nbsp;&nbsp;&nbsp;South Miami, Health Facilities Authority, Baptist Health South Florida, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2031  |  | 3000 | 3210 |
| &nbsp;&nbsp;&nbsp;Tampa, Cigarette Tax Allocation, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 09/01/2036 (E) |  | 305 | 166 |
| &nbsp;&nbsp;&nbsp;Volusia County, Educational Facility Authority, Embry-Riddle Aeronautical University Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2026  |  | 755 | 798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/15/2035  |  | 270 | 268 |
| &nbsp;&nbsp;&nbsp;Wildwood, Utility Dependent District, South Sumter Utility Project, RB, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2035  |  | 550 | 620 |
|  |  |  | 119325 |
| **Georgia — 3.0%** | **Georgia — 3.0%** | **Georgia — 3.0%** |  |
| &nbsp;&nbsp;&nbsp;Appling County, Development Authority, Oglethorpe Power Corp. Hatch Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 01/01/2038 (A) |  | 300 | 282 |
| &nbsp;&nbsp;&nbsp;Atlanta, Department of Aviation, Ser B, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2035  |  | 1500 | 1616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2036  |  | 1000 | 1072 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Atlanta, Water & Wastewater Revenue Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2025 (C) | $5010 | $5288 |
| &nbsp;&nbsp;&nbsp;Burke County, Development Authority, Oglethorpe Power Corp Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 01/01/2040 (A) | 785 | 737 |
| &nbsp;&nbsp;&nbsp;Clarke County, Hospital Authority, Piedmont Healthcare, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 1075 | 1108 |
| &nbsp;&nbsp;&nbsp;Fulton County, Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2033  | 1000 | 1045 |
| &nbsp;&nbsp;&nbsp;Gainesville & Hall County, Hospital Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/15/2051  | 1200 | 826 |
| &nbsp;&nbsp;&nbsp;George L Smith II, Georgia World Congress Center Authority, Convention Center Hotel, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2036 (B) | 710 | 663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2054  | 1500 | 1215 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2023  | 375 | 375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2052 (A) | 2910 | 2915 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Ser A1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 09/15/2028  | 1915 | 2067 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2049 (A) | 3000 | 3019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.510%, 04/01/2048 (A) | 1865 | 1855 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/01/2050 (A) | 6640 | 6559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2052 (A) | 2000 | 1955 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Sub-Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2048 (A) | 1000 | 1004 |
| &nbsp;&nbsp;&nbsp;Georgia State, Municipal Electric Authority, Combined Cycle Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  | 710 | 767 |
| &nbsp;&nbsp;&nbsp;Georgia State, Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2032  | 1025 | 1110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2035  | 1500 | 1587 |
| &nbsp;&nbsp;&nbsp;Georgia State, Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2038  | 585 | 584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2041  | 650 | 631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2046  | 500 | 464 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Georgia State, Municipal Electric Authority, Project One, Sub-Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  | $| 4140 | $4380 |
| &nbsp;&nbsp;&nbsp;Georgia State, Municipal Electric Authority, Sub-Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  |  | 555 | 566 |
| &nbsp;&nbsp;&nbsp;Georgia State, Ser A1, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2024  |  | 5000 | 5143 |
| &nbsp;&nbsp;&nbsp;Henry County, Hospital Authority, Piedmont Fayette Hospital Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  |  | 1650 | 1699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  |  | 1390 | 1430 |
| &nbsp;&nbsp;&nbsp;Monroe County, Development Authority, Georgie Power Company Project, Plant Scherer, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 07/01/2049 (A) |  | 730 | 640 |
|  |  |  | 52602 |
| **Guam — 0.3%** | **Guam — 0.3%** | **Guam — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Guam, Power Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2032  |  | 2000 | 2131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2033  |  | 2205 | 2331 |
|  |  |  | 4462 |
| **Hawaii — 0.3%** | **Hawaii — 0.3%** | **Hawaii — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Hawaii State, Airports System Revenue, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032  |  | 3000 | 3183 |
| &nbsp;&nbsp;&nbsp;Hawaii State, Ser FW, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2037  |  | 2000 | 2045 |
|  |  |  | 5228 |
| **Idaho — 0.3%** | **Idaho — 0.3%** | **Idaho — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Idaho State, Building Authority, Lewis-Clark State College Project, Ser F, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2023 (D) |  | 220 | 224 |
| &nbsp;&nbsp;&nbsp;Idaho State, Health Facilities Authority, St. Luke's Health System Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2030  |  | 500 | 557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2031  |  | 320 | 360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2032  |  | 500 | 566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/01/2033  |  | 575 | 581 |
| &nbsp;&nbsp;&nbsp;Idaho State, Housing & Finance Association, Anser of Idaho Inc Project, Ser OF, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/01/2041  |  | 1500 | 1177 |
| &nbsp;&nbsp;&nbsp;Idaho State, Housing & Finance Association, Garvee, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2029  |  | 835 | 937 |
|  |  |  | 4402 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **Illinois — 10.5%** | **Illinois — 10.5%** |  |
| &nbsp;&nbsp;&nbsp;Champaign County, Community Unit School District No. 4 Champaign, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/01/2025 (E) | $325 | $303 |
| &nbsp;&nbsp;&nbsp;Chicago, Airport Authority, O'Hare International Airport, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2036  | 1040 | 1102 |
| &nbsp;&nbsp;&nbsp;Chicago, Airport Authority, O'Hare International Airport, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2038  | 1890 | 2042 |
| &nbsp;&nbsp;&nbsp;Chicago, Airport Authority, O'Hare International Airport, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  | 5000 | 5115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2036  | 1290 | 1345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2038  | 1500 | 1517 |
| &nbsp;&nbsp;&nbsp;Chicago, Airport Authority, O'Hare International Airport, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2030  | 4000 | 4152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2032  | 5840 | 6031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2035  | 3500 | 3629 |
| &nbsp;&nbsp;&nbsp;Chicago, Airport Authority, O'Hare International Airport, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2031  | 2450 | 2577 |
| &nbsp;&nbsp;&nbsp;Chicago, Airport Authority, O'Hare International Airport, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2032  | 510 | 562 |
| &nbsp;&nbsp;&nbsp;Chicago, Board of Education, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2033  | 500 | 510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2034  | 620 | 631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2036  | 445 | 451 |
| &nbsp;&nbsp;&nbsp;Chicago, Board of Education, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 1435 | 1436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2047  | 530 | 432 |
| &nbsp;&nbsp;&nbsp;Chicago, Board of Education, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2027  | 650 | 658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2028  | 100 | 101 |
| &nbsp;&nbsp;&nbsp;Chicago, Board of Education, Ser D, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2031  | 2840 | 2859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2046  | 640 | 601 |
| &nbsp;&nbsp;&nbsp;Chicago, Midway International Airport, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  | 2970 | 3007 |
| &nbsp;&nbsp;&nbsp;Chicago, Motor Fuel Tax Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024 (D) | 1000 | 1024 |
| &nbsp;&nbsp;&nbsp;Chicago, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/01/2035  | 3020 | 3121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 01/01/2029  | 1210 | 1218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2023  | 355 | 355 |
| &nbsp;&nbsp;&nbsp;Chicago, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  | 1130 | 1149 |
| &nbsp;&nbsp;&nbsp;Chicago, Transit Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2046  | 1500 | 1523 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Chicago, Transit Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2045  | $550 | $565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2055  | 2000 | 1753 |
| &nbsp;&nbsp;&nbsp;Chicago, Waterworks Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2026  | 1820 | 1916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  | 2360 | 2476 |
| &nbsp;&nbsp;&nbsp;Chicago, Waterworks Revenue, Second Lien Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2029  | 1000 | 1023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2034  | 1500 | 1518 |
| &nbsp;&nbsp;&nbsp;Chicago, Waterworks Revenue, Ser 2017-2, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2035  | 5000 | 5223 |
| &nbsp;&nbsp;&nbsp;Cook County, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2029  | 500 | 556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2033  | 450 | 495 |
| &nbsp;&nbsp;&nbsp;Cook County, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2026  | 730 | 755 |
| &nbsp;&nbsp;&nbsp;Cook County, Tax Revenue Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2035  | 4000 | 4216 |
| &nbsp;&nbsp;&nbsp;Cook County, Tax Revenue Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2031  | 560 | 621 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Chicago International Charter School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2037  | 1500 | 1534 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Health Care System Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2050 (A) | 605 | 621 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Health Care System Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2029  | 1885 | 1959 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Northshore - Edward-Elhmhurst Health Credit Group, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2047  | 3265 | 3448 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Northwestern Memorial, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.300%, 07/15/2055 (A) | 900 | 900 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Northwestern University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  | 2500 | 2660 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Presence Health Network, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2036  | 2000 | 2105 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Rehabilitation Institute of Chicago Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/2028  | 1000 | 1015 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, University Medical Center Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2033  | 1050 | 1078 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, University Medical Center Project, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2034  | $2000 | $2045 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, University of Illinois Chicago Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2026  | 500 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2027  | 200 | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2029  | 400 | 395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2031  | 365 | 358 |
| &nbsp;&nbsp;&nbsp;Illinois State, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 05/01/2030  | 3750 | 4092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 05/01/2023  | 165 | 166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 02/01/2030  | 3350 | 3395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 02/01/2032  | 935 | 947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2036  | 2970 | 3021 |
| &nbsp;&nbsp;&nbsp;Illinois State, Housing Development Authority, Homeowner Mortgage, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 08/01/2046  | 1025 | 1016 |
| &nbsp;&nbsp;&nbsp;Illinois State, Municipal Electric Agency, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2032  | 5000 | 5252 |
| &nbsp;&nbsp;&nbsp;Illinois State, Rebuild Illinois Program, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2035  | 2800 | 2635 |
| &nbsp;&nbsp;&nbsp;Illinois State, Regional Transportation Authority, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/01/2025  | 3000 | 3136 |
| &nbsp;&nbsp;&nbsp;Illinois State, Regional Transportation Authority, RB, NATL  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 07/01/2030  | 1500 | 1760 |
| &nbsp;&nbsp;&nbsp;Illinois State, Regional Transportation Authority, Ser A, RB, NATL  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 07/01/2031  | 1000 | 1163 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 03/01/2042  | 670 | 706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2029  | 895 | 942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2030  | 2000 | 2118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2034  | 780 | 801 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser A, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2028  | 4600 | 5014 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2031  | 2000 | 2126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2031  | 810 | 858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2035  | 4020 | 3784 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2037  | 215 | 199 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser D, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2023  | 1000 | 1014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2025  | 1585 | 1636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2028  | 1000 | 1043 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Illinois State, Sports Facilities Authority, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2029  | $1500 | $1581 |
| &nbsp;&nbsp;&nbsp;Illinois State, Toll Highway Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  | 1315 | 1472 |
| &nbsp;&nbsp;&nbsp;Illinois State, Toll Highway Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 2000 | 2111 |
| &nbsp;&nbsp;&nbsp;Illinois State, Toll Highway Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2032  | 1250 | 1276 |
| &nbsp;&nbsp;&nbsp;Kane County, School District No. 131 Aurora East Side, Ser B, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  | 815 | 877 |
| &nbsp;&nbsp;&nbsp;Kendall Kane & Will Counties, School District No. 308, Ser A, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2025  | 235 | 246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2027  | 1055 | 1136 |
| &nbsp;&nbsp;&nbsp;Metropolitan Chicago, Water Reclamation District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2031  | 3275 | 3500 |
| &nbsp;&nbsp;&nbsp;Metropolitan Chicago, Water Reclamation District, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  | 640 | 668 |
| &nbsp;&nbsp;&nbsp;Metropolitan Chicago, Water Reclamation District, Ser D, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2031  | 1500 | 1741 |
| &nbsp;&nbsp;&nbsp;Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2031  | 250 | 257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2032  | 255 | 262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2033  | 300 | 307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2034  | 400 | 409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/15/2042  | 2910 | 2614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/15/2047  | 4265 | 3694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/15/2052  | 1605 | 1358 |
| &nbsp;&nbsp;&nbsp;Railsplitter, Tobacco Settlement Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2027  | 6100 | 6482 |
| &nbsp;&nbsp;&nbsp;Sales Tax Securitization, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  | 360 | 379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2027  | 2000 | 2128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  | 380 | 409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2033  | 3000 | 3302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2034  | 3760 | 3973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2036  | 3750 | 3932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2037  | 1000 | 1043 |
| &nbsp;&nbsp;&nbsp;Sales Tax Securitization, Ser A, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2037  | 200 | 212 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;University of Illinois, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2028  | $| 5245 | $5307 |
|  |  |  | 184885 |
| **Indiana — 1.6%** | **Indiana — 1.6%** | **Indiana — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;Indiana State, Finance Authority, Indianapolis Power & Light Company Project, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 12/01/2024  |  | 1930 | 1926 |
| &nbsp;&nbsp;&nbsp;Indiana State, Finance Authority, Stadium Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 02/01/2035  |  | 2000 | 2099 |
| &nbsp;&nbsp;&nbsp;Indiana State, Finance Authority, Wastewater Utility Revenue, CWA Authority Project, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2032  |  | 5025 | 5864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2035  |  | 2725 | 2805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2036  |  | 1485 | 1522 |
| &nbsp;&nbsp;&nbsp;Indiana State, Housing & Community Development Authority, Ser A, RB, GNMA/FNMA/FHLMC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/01/2051  |  | 325 | 315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/01/2052  |  | 790 | 752 |
| &nbsp;&nbsp;&nbsp;Indiana State, Housing & Community Development Authority, Ser B-1, RB, GNMA  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 07/01/2049  |  | 425 | 418 |
| &nbsp;&nbsp;&nbsp;Indiana State, Municipal Power Agency, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2032  |  | 3250 | 3479 |
| &nbsp;&nbsp;&nbsp;Richmond, Hospital Authority, Reid Hospital Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2035  |  | 3400 | 3460 |
| &nbsp;&nbsp;&nbsp;Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2047 (A) |  | 5000 | 5078 |
|  |  |  | 27718 |
| **Iowa — 0.3%** | **Iowa — 0.3%** | **Iowa — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Iowa State, Finance Authority, Iowa Fertilizer Company Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2050  |  | 2515 | 2374 |
| &nbsp;&nbsp;&nbsp;Iowa State, Student Loan Liquidity, Ser B, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2022  |  | 190 | 190 |
| &nbsp;&nbsp;&nbsp;Iowa State, Tobacco Settlement Authority, Ser A-2, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2035  |  | 1075 | 1015 |
| &nbsp;&nbsp;&nbsp;Iowa State, Tobacco Settlement Authority, Sub-Ser B-1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2049  |  | 610 | 606 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;PEFA, Gas Project Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2049 (A) | $| 1000 | $1024 |
|  |  |  | 5209 |
| **Kansas — 0.2%** | **Kansas — 0.2%** | **Kansas — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;Kansas State, Department of Transportation, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2033  |  | 2000 | 2105 |
| &nbsp;&nbsp;&nbsp;Wyandotte County, Kansas City Sales Tax, Vacation Village Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2027 (F) |  | 870 | 814 |
|  |  |  | 2919 |
| **Kentucky — 1.8%** | **Kentucky — 1.8%** | **Kentucky — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;Kentucky State, Public Energy Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2048 (A) |  | 10280 | 10272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2050 (A) |  | 1775 | 1762 |
| &nbsp;&nbsp;&nbsp;Kentucky State, Public Energy Authority, Ser A-1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2052 (A) |  | 2945 | 2862 |
| &nbsp;&nbsp;&nbsp;Kentucky State, Public Energy Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2049 (A) |  | 15725 | 15681 |
| &nbsp;&nbsp;&nbsp;Louisville & Jefferson County, Metropolitan Government & Health System, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2047 (A) |  | 1175 | 1233 |
|  |  |  | 31810 |
| **Louisiana — 1.2%** | **Louisiana — 1.2%** | **Louisiana — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.167%, 05/01/2043 (A) |  | 395 | 383 |
| &nbsp;&nbsp;&nbsp;Louisiana State, Highway Improvement, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2024 (C) |  | 1500 | 1555 |
| &nbsp;&nbsp;&nbsp;Louisiana State, Public Facilities Authority, Lincoln Preparatory School Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 06/01/2037 (B) |  | 400 | 385 |
| &nbsp;&nbsp;&nbsp;Louisiana State, Public Facilities Authority, Tulane University Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2030  |  | 3000 | 3192 |
| &nbsp;&nbsp;&nbsp;New Orleans, Aviation Board, Consolidated Rental Car Facility Project, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2031  |  | 1260 | 1340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2036  |  | 1550 | 1645 |
| &nbsp;&nbsp;&nbsp;New Orleans, Aviation Board, General North Terminal Project, Ser B, AMT, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  |  | 3000 | 3079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2032  |  | 2100 | 2148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2033  |  | 2100 | 2146 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New Orleans, Regional Transit Authority, Ser A, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2027  | $| 515 | $557 |
| &nbsp;&nbsp;&nbsp;St. John the Baptist Parish, Marathon Oil Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.200%, 06/01/2037 (A) |  | 1000 | 918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 06/01/2037 (A) |  | 2750 | 2659 |
| &nbsp;&nbsp;&nbsp;St. John the Baptist Parish, Marathon Oil Project, Sub-Ser, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 06/01/2037 (A) |  | 590 | 544 |
|  |  |  | 20551 |
| **Maine — 0.0%** | **Maine — 0.0%** | **Maine — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;Maine State, Health & Higher Educational Facilities Authority, Ser A, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2035  |  | 195 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2037  |  | 265 | 265 |
|  |  |  | 463 |
| **Maryland — 1.3%** | **Maryland — 1.3%** | **Maryland — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;Maryland State, Community Development Administration, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/01/2050  |  | 435 | 429 |
| &nbsp;&nbsp;&nbsp;Maryland State, Department of Transportation, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2032  |  | 1500 | 1571 |
| &nbsp;&nbsp;&nbsp;Maryland State, Health & Higher Educational Facilities Authority, Adventist HealthCare, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/01/2036  |  | 2000 | 2097 |
| &nbsp;&nbsp;&nbsp;Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical System, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032  |  | 5000 | 5257 |
| &nbsp;&nbsp;&nbsp;Maryland State, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2025  |  | 5000 | 5270 |
| &nbsp;&nbsp;&nbsp;Maryland State, Transportation Authority, Baltimore/Washington International Airport, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2027  |  | 4850 | 5132 |
| &nbsp;&nbsp;&nbsp;Montgomery County, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024 (C) |  | 1625 | 1699 |
| &nbsp;&nbsp;&nbsp;Prince George's County, Episcopal Life Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2031  |  | 2000 | 1885 |
|  |  |  | 23340 |
| **Massachusetts — 2.4%** | **Massachusetts — 2.4%** | **Massachusetts — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Caregroup Project, Ser H-1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  |  | 1500 | 1576 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Milford Regional Medical Center Project, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2025 (B) | $120 | $123 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Northeastern University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2028  | 300 | 333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2029  | 250 | 282 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Partners Health Care System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.450%, 07/01/2049 (A)(B) | 550 | 544 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Provident Commonwealth Education Resources, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2027  | 2965 | 2998 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Suffolk University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2035  | 150 | 155 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, UMass Student Housing Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026  | 2225 | 2253 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Wellforce Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2034  | 1325 | 1373 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Wellforce Project, Ser C, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2023  | 300 | 305 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Educational Financing Authority, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2025  | 1000 | 1030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  | 1125 | 1216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 1500 | 1626 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Educational Financing Authority, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 2500 | 2597 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Educational Financing Authority, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 915 | 972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 1750 | 1865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 1925 | 2086 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Housing Finance Agency, Ser 221, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/01/2050  | 355 | 343 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Port Authority, Bosfuel Project, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  | 1330 | 1426 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Port Authority, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 1855 | 1969 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Port Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | $| 1250 | $1318 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, School Building Authority, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2029  |  | 1370 | 1452 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2037  |  | 2500 | 2741 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Ser D, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2034  |  | 6500 | 6814 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Transportation Fund Revenue, Rail Enhancement & Accelerated Program, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2037  |  | 1050 | 1078 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Transportation Trust Fund, Metropolitan Highway System Revenue, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2034  |  | 3000 | 3309 |
|  |  |  | 41784 |
| **Michigan — 2.1%** | **Michigan — 2.1%** | **Michigan — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;Great Lakes, Water Authority, Water Supply System, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2035  |  | 1000 | 1119 |
| &nbsp;&nbsp;&nbsp;Great Lakes, Water Authority, Water Supply System, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  |  | 3665 | 3908 |
| &nbsp;&nbsp;&nbsp;Great Lakes, Water Authority, Water Supply System, Ser D, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2036  |  | 5000 | 5244 |
| &nbsp;&nbsp;&nbsp;Imlay, Community Schools, Ser I, GO, Q-SBLF  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2029  |  | 420 | 477 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Beaumont-Spectrum Consolidation, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/15/2033  |  | 3610 | 4138 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Detroit Water Sewage, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  |  | 1000 | 1031 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Government Loan Program, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2034  |  | 2565 | 2644 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Henry Ford Health System, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2050  |  | 1500 | 1336 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Hospital Sparrow Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2033  |  | 2755 | 2834 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Hospital Trinity Health Credit, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2034  |  | 2000 | 2126 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, McLaren Health Care, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 10/15/2025  | $| 235 | $221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.400%, 10/15/2023  |  | 650 | 626 |
| &nbsp;&nbsp;&nbsp;Michigan State, Hospital Finance Authority, Ascension Health Care Project, Ser Senior CR, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2047  |  | 345 | 357 |
| &nbsp;&nbsp;&nbsp;Michigan State, Housing Development Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 06/01/2050  |  | 215 | 214 |
| &nbsp;&nbsp;&nbsp;Michigan State, Strategic Fund, I-75 Improvement Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/31/2031  |  | 3500 | 3575 |
| &nbsp;&nbsp;&nbsp;University of Michigan, Ser D1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.350%, 12/01/2024 (A) |  | 340 | 340 |
| &nbsp;&nbsp;&nbsp;Utica, Community Schools, GO, Q-SBLF  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2025  |  | 2500 | 2632 |
| &nbsp;&nbsp;&nbsp;Wayne County, Airport Authority, Ser D, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2030  |  | 1300 | 1368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2031  |  | 1800 | 1892 |
|  |  |  | 36082 |
| **Minnesota — 0.6%** | **Minnesota — 0.6%** | **Minnesota — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;Apple Valley, Senior Living Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/01/2029  |  | 1320 | 1249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/01/2031  |  | 1085 | 998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 01/01/2037  |  | 475 | 334 |
| &nbsp;&nbsp;&nbsp;Duluth, Independent School District No. 709, Ser A, COP  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2025  |  | 500 | 521 |
| &nbsp;&nbsp;&nbsp;Minneapolis & St. Paul, Metropolitan Airports Commission, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  |  | 300 | 322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2031  |  | 300 | 322 |
| &nbsp;&nbsp;&nbsp;Minneapolis & St. Paul, Metropolitan Airports Commission, Sub-Ser B, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2038  |  | 915 | 872 |
| &nbsp;&nbsp;&nbsp;Minneapolis, Fairview Health Services, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2035  |  | 2845 | 3000 |
| &nbsp;&nbsp;&nbsp;Minnesota State, Higher Education Facilities Authority, St. Olaf College, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/01/2038  |  | 250 | 211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/01/2041  |  | 1000 | 802 |
| &nbsp;&nbsp;&nbsp;Minnesota State, Housing Finance Agency, Ser I, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/01/2051  |  | 1375 | 1333 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Minnesota State, Municipal Power Agency, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2025  | $| 350 | $364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2027  |  | 600 | 624 |
|  |  |  | 10952 |
| **Mississippi — 0.2%** | **Mississippi — 0.2%** | **Mississippi — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;Mississippi State, Business Finance Commission, Chevron USA Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.450%, 11/01/2035 (A) |  | 645 | 645 |
| &nbsp;&nbsp;&nbsp;Mississippi State, Home Corporation, Ser A, RB, GNMA/FNMA/FHLMC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/01/2050  |  | 110 | 107 |
| &nbsp;&nbsp;&nbsp;Mississippi State, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2023  |  | 285 | 290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2029  |  | 300 | 329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2030  |  | 850 | 931 |
| &nbsp;&nbsp;&nbsp;Mississippi State, Ser E, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2029  |  | 1000 | 1049 |
|  |  |  | 3351 |
| **Missouri — 1.4%** | **Missouri — 1.4%** | **Missouri — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;Bi-State, Development Agency of the Missouri-Illinois Metropolitan District, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2036  |  | 995 | 1012 |
| &nbsp;&nbsp;&nbsp;Kansas City, Sanitary Sewer System Revenue, Sub-Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2032  |  | 1000 | 1103 |
| &nbsp;&nbsp;&nbsp;Missouri State, Health & Educational Facilities Authority, CoxHealth, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2034  |  | 3000 | 3114 |
| &nbsp;&nbsp;&nbsp;Missouri State, Health & Educational Facilities Authority, Saint Lukes Health System, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2028  |  | 1000 | 1059 |
| &nbsp;&nbsp;&nbsp;Missouri State, Health & Educational Facilities Authority, SSM Health Care Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2032  |  | 720 | 815 |
| &nbsp;&nbsp;&nbsp;Missouri State, Housing Development Commission, RB, GNMA/FNMA/FHLMC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 05/01/2050  |  | 855 | 852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 05/01/2051  |  | 1300 | 1268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 11/01/2052  |  | 785 | 759 |
| &nbsp;&nbsp;&nbsp;Missouri State, Housing Development Commission, Ser A, RB, GNMA/FNMA/FHLMC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 11/01/2050  |  | 580 | 572 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Missouri State, Joint Municipal Electric Utility Commission, Plum Point Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2027  | $| 1850 | $1888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  |  | 1400 | 1428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  |  | 2000 | 2065 |
| &nbsp;&nbsp;&nbsp;Missouri State, Joint Municipal Electric Utility Commission, Prairie Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  |  | 5135 | 5366 |
| &nbsp;&nbsp;&nbsp;St Louis, Airport Revenue, St. Louis Lambert International Airport, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032  |  | 595 | 634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033  |  | 625 | 664 |
| &nbsp;&nbsp;&nbsp;St Louis, Industrial Development Authority, Confluence Academy Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 06/15/2042 (B) |  | 2350 | 2131 |
|  |  |  | 24730 |
| **Nebraska — 1.2%** | **Nebraska — 1.2%** | **Nebraska — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;Central Plains, Energy Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2034  |  | 1000 | 1057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2036  |  | 2000 | 2092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2037  |  | 2860 | 2974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2042  |  | 730 | 755 |
| &nbsp;&nbsp;&nbsp;Nebraska State, Investment Finance Authority, Ser A, RB, GNMA/FNMA/FHLMC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/01/2052  |  | 1110 | 1058 |
| &nbsp;&nbsp;&nbsp;Nebraska State, Investment Finance Authority, Ser C, RB, GNMA/FNMA/FHLMC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 09/01/2050  |  | 2360 | 2275 |
| &nbsp;&nbsp;&nbsp;Nebraska State, Public Power District, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2033  |  | 1000 | 1081 |
| &nbsp;&nbsp;&nbsp;Nebraska State, Public Power District, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  |  | 775 | 795 |
| &nbsp;&nbsp;&nbsp;Nebraska State, Public Power Generation Agency, Whelan Energy Center, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2030  |  | 5500 | 5691 |
| &nbsp;&nbsp;&nbsp;Omaha, Public Power District, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2041  |  | 1700 | 1898 |
| &nbsp;&nbsp;&nbsp;Washington County, Waste Water Authority, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.900%, 09/01/2030 (A) |  | 700 | 660 |
|  |  |  | 20336 |
| **Nevada — 1.3%** | **Nevada — 1.3%** | **Nevada — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;Clark County, Airport Authority, Las Vegas McCarran International Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  |  | 1545 | 1689 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Clark County, School District, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2039  | $| 2115 | $2325 |
| &nbsp;&nbsp;&nbsp;Clark County, School District, Ser A, GO, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2026  |  | 1000 | 1075 |
| &nbsp;&nbsp;&nbsp;Clark County, School District, Ser B, GO, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2029  |  | 1000 | 1124 |
| &nbsp;&nbsp;&nbsp;Clark County, School District, Ser C, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2026  |  | 1805 | 1941 |
| &nbsp;&nbsp;&nbsp;Clark County, Ser B, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2029  |  | 5000 | 5412 |
| &nbsp;&nbsp;&nbsp;Las Vegas, Convention & Visitors Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  |  | 200 | 206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2038  |  | 2000 | 2168 |
| &nbsp;&nbsp;&nbsp;Las Vegas, Convention & Visitors Authority, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  |  | 525 | 541 |
| &nbsp;&nbsp;&nbsp;Las Vegas, Valley Water District, Ser C, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2031  |  | 3585 | 4183 |
| &nbsp;&nbsp;&nbsp;Reno, Sales Tax Revenue, First Lien, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2037  |  | 590 | 620 |
| &nbsp;&nbsp;&nbsp;Reno, Sales Tax Revenue, Second Lien, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2033  |  | 400 | 432 |
| &nbsp;&nbsp;&nbsp;Sparks, Sales Tax Revenue, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 06/15/2024 (B) |  | 130 | 126 |
|  |  |  | 21842 |
| **New Hampshire — 0.1%** | **New Hampshire — 0.1%** | **New Hampshire — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;New Hampshire State, National Finance Authority, Springpoints Senior Living Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2029  |  | 300 | 288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2030  |  | 285 | 270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2031  |  | 290 | 272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2051  |  | 670 | 528 |
|  |  |  | 1358 |
| **New Jersey — 3.6%** | **New Jersey — 3.6%** | **New Jersey — 3.6%** |  |
| &nbsp;&nbsp;&nbsp;New Jersey State, COVID-19 Emergency Bonds, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025  |  | 890 | 939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2031  |  | 1000 | 1059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2032  |  | 3070 | 3248 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Bridge Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2029  |  | 285 | 314 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Continental Airlines Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 11/15/2030  | $1160 | $1167 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2027  | 995 | 1067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2037  | 1225 | 1250 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, School Facilities Construction Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2025  | 1775 | 1783 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, School Facilities Project, Ser XX, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/15/2027  | 3000 | 3151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2026  | 3020 | 3157 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Educational Facilities Authority, Ser C, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2050  | 130 | 124 |
| &nbsp;&nbsp;&nbsp;New Jersey State, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2027  | 1000 | 1054 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2036  | 2250 | 2331 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033  | 2590 | 2767 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  | 2400 | 2477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2028  | 1450 | 1556 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Tobacco Settlement Financing, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2035  | 10000 | 10272 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Federal Highway Reimbursement Notes, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2028  | 2000 | 2110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2029  | 3500 | 3688 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/15/2039  | 2500 | 2683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2024  | 280 | 291 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2031  | 955 | 1062 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2032  | $| 1250 | $1349 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Turnpike Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2033  |  | 2230 | 2404 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Turnpike Authority, Ser D, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  |  | 1000 | 1073 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Turnpike Authority, Ser E, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2031  |  | 1250 | 1373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2032  |  | 6000 | 6579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2033  |  | 350 | 383 |
| &nbsp;&nbsp;&nbsp;Newark, Board of Education, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2023  |  | 300 | 304 |
| &nbsp;&nbsp;&nbsp;Newark, Board of Education, GO, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2026  |  | 525 | 561 |
| &nbsp;&nbsp;&nbsp;South Jersey Port, Marine Terminal, Sub-Ser B, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2032  |  | 285 | 297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2033  |  | 425 | 442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2034  |  | 570 | 591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2036  |  | 570 | 584 |
|  |  |  | 63490 |
| **New Mexico — 0.8%** | **New Mexico — 0.8%** | **New Mexico — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;New Mexico State, Mortgage Finance Authority, Ser A, RB, GNMA FNMA FHLMC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 01/01/2051  |  | 920 | 907 |
| &nbsp;&nbsp;&nbsp;New Mexico State, Severance Tax Permanent Fund, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  |  | 10940 | 12216 |
| &nbsp;&nbsp;&nbsp;Santa Fe, Retirement Facilities Revenue, El Castillo Retirement Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2034  |  | 650 | 604 |
|  |  |  | 13727 |
| **New York — 7.5%** | **New York — 7.5%** | **New York — 7.5%** |  |
| &nbsp;&nbsp;&nbsp;Brookhaven, Local Development, Jefferson's Ferry Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 11/01/2025  |  | 340 | 315 |
| &nbsp;&nbsp;&nbsp;Huntington, Local Development, Fountaingate Gardens Project, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/01/2025  |  | 90 | 87 |
| &nbsp;&nbsp;&nbsp;Long Island, Power Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2033  |  | 250 | 270 |
| &nbsp;&nbsp;&nbsp;Long Island, Power Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2037  |  | 1980 | 1998 |
| &nbsp;&nbsp;&nbsp;Long Island, Power Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.850%, 09/01/2050 (A) |  | 1500 | 1366 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Ser A, RB, BAN  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2023  | $1920 | $1925 |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Ser A-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2034 (A) | 1000 | 1020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2045 (A) | 500 | 529 |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Ser B1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2029  | 4140 | 4217 |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Ser C-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2031  | 4000 | 4126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2032  | 1500 | 1438 |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2030  | 1000 | 1023 |
| &nbsp;&nbsp;&nbsp;Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 1325 | 1443 |
| &nbsp;&nbsp;&nbsp;Nassau County, Local Economic Assistance, Catholic Health Services of Long Island Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 1000 | 1024 |
| &nbsp;&nbsp;&nbsp;New York & New Jersey, Port Authority, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2035  | 5000 | 5269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2039  | 605 | 632 |
| &nbsp;&nbsp;&nbsp;New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/01/2033  | 330 | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/01/2034  | 740 | 671 |
| &nbsp;&nbsp;&nbsp;New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2028  | 110 | 120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2030  | 100 | 111 |
| &nbsp;&nbsp;&nbsp;New York City, Ser A-1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2026  | 465 | 503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2032  | 1810 | 2063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2047  | 1250 | 1336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2037  | 4000 | 4020 |
| &nbsp;&nbsp;&nbsp;New York City, Ser B-1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2035  | 500 | 508 |
| &nbsp;&nbsp;&nbsp;New York City, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2036  | 2750 | 2781 |
| &nbsp;&nbsp;&nbsp;New York City, Ser F-1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/01/2038  | 1695 | 1695 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New York City, Sub-Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 10/01/2041  | $6240 | $6996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2033  | 280 | 325 |
| &nbsp;&nbsp;&nbsp;New York City, Transitional Finance Authority, Building Aid Revenue, Sub-Ser S1A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2035  | 1650 | 1799 |
| &nbsp;&nbsp;&nbsp;New York City, Transitional Finance Authority, Future Tax Secured Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2033  | 925 | 1050 |
| &nbsp;&nbsp;&nbsp;New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser B-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2024  | 1420 | 1458 |
| &nbsp;&nbsp;&nbsp;New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser D-S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2035  | 185 | 188 |
| &nbsp;&nbsp;&nbsp;New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser F-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/01/2038  | 410 | 410 |
| &nbsp;&nbsp;&nbsp;New York City, Water & Sewer System, Finance Authority, Ser DD-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.350%, 06/15/2043 (A) | 3530 | 3530 |
| &nbsp;&nbsp;&nbsp;New York City, Water & Sewer System, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/15/2040  | 1800 | 1520 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, New York Touro College & University System, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/01/2024 (C) | 910 | 948 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Prefunded School Districts, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2028 (C) | 5 | 6 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Ser 2015B-B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2030  | 5000 | 5303 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2028  | 1900 | 2115 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/15/2038  | 4845 | 4886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/15/2041  | 1500 | 1249 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, State University Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2035  | 2000 | 2153 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Unrefunded School Districts, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2033  | $3245 | $3606 |
| &nbsp;&nbsp;&nbsp;New York State, Liberty Development Authority, 1 World Trade Center Project, Ser 1WTC, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/15/2042  | 610 | 475 |
| &nbsp;&nbsp;&nbsp;New York State, Liberty Development Authority, 4 World Trade Center Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.200%, 11/15/2028  | 1355 | 1126 |
| &nbsp;&nbsp;&nbsp;New York State, Liberty Development Authority, 4 World Trade Center Project, Ser A-BAM-TCRS, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 11/15/2051  | 2170 | 1596 |
| &nbsp;&nbsp;&nbsp;New York State, Mortgage Agency, Ser 189, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 04/01/2025  | 1000 | 998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.150%, 04/01/2024  | 920 | 920 |
| &nbsp;&nbsp;&nbsp;New York State, Mortgage Agency, Ser 194, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 10/01/2024  | 1000 | 999 |
| &nbsp;&nbsp;&nbsp;New York State, Thruway Authority, Ser A-1-GROUP, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/15/2036  | 2895 | 2956 |
| &nbsp;&nbsp;&nbsp;New York State, Thruway Authority, Ser J, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2027  | 2095 | 2142 |
| &nbsp;&nbsp;&nbsp;New York State, Thruway Authority, Ser L, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  | 3250 | 3330 |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, Delta Airlines, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2034  | 4000 | 4031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2040  | 2625 | 2616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2030  | 4550 | 4424 |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, JFK International Airport Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  | 125 | 128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  | 115 | 119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2030  | 650 | 679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2033  | 775 | 802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2036  | 4000 | 4057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2037  | 3000 | 3013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/01/2031  | 3000 | 2678 |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, JFK International Airport Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2029  | 550 | 583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2030  | 125 | 133 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New York State, Urban Development Authority, Personal Income Tax, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2032  | $| 3335 | $3419 |
| &nbsp;&nbsp;&nbsp;New York State, Urban Development Authority, Personal Income Tax, Ser E, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/15/2043  |  | 2315 | 2227 |
| &nbsp;&nbsp;&nbsp;New York State, Utility Debt Securitization Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2033  |  | 1810 | 1923 |
| &nbsp;&nbsp;&nbsp;Triborough, Bridge & Tunnel Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 11/15/2036 (E) |  | 905 | 487 |
| &nbsp;&nbsp;&nbsp;TSASC, Tobacco Settlement Bonds, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025  |  | 1000 | 1037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2030  |  | 525 | 543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2031  |  | 525 | 543 |
| &nbsp;&nbsp;&nbsp;Westchester County, Local Development, Pace University Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2034  |  | 2350 | 2360 |
| &nbsp;&nbsp;&nbsp;Westchester County, Local Development, Senior Learning Center Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 07/01/2026 (B) |  | 1055 | 1017 |
| &nbsp;&nbsp;&nbsp;Westchester, Tobacco Asset Securitization, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2031  |  | 2000 | 2081 |
|  |  |  | 131779 |
| **North Carolina — 1.0%** | **North Carolina — 1.0%** | **North Carolina — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;Charlotte, Airport Revenue, Douglas International Airport, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2037  |  | 2250 | 2392 |
| &nbsp;&nbsp;&nbsp;Charlotte, Airport Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  |  | 1525 | 1638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  |  | 1500 | 1640 |
| &nbsp;&nbsp;&nbsp;Charlotte-Mecklenburg, Hospital Authority, Atrium Health Group, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2049 (A) |  | 5000 | 5548 |
| &nbsp;&nbsp;&nbsp;Columbus County, Industrial Facilities & Pollution Control Financing Authority, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 03/01/2027 (A) |  | 1565 | 1507 |
| &nbsp;&nbsp;&nbsp;Greater Asheville, Regional Airport Authority, Ser A, AMT, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  |  | 445 | 481 |
| &nbsp;&nbsp;&nbsp;North Carolina State, Medical Care Commission, Pennybyrn at Maryland Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 10/01/2024  |  | 740 | 715 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;North Carolina State, Medical Care Commission, Retirement Facilities First Mortgage, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  | $| 285 | $276 |
| &nbsp;&nbsp;&nbsp;North Carolina State, Medical Care Commission, The Forest at Duke Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2041  |  | 830 | 716 |
| &nbsp;&nbsp;&nbsp;North Carolina State, Medical Care Commission, Twin Lakes Community, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2038  |  | 605 | 606 |
| &nbsp;&nbsp;&nbsp;North Carolina State, Turnpike Authority, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2034  |  | 2000 | 2176 |
|  |  |  | 17695 |
| **North Dakota — 0.0%** | **North Dakota — 0.0%** | **North Dakota — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;North Dakota State, Housing Finance Agency, Home Mortgage Finance Program, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.550%, 07/01/2033  |  | 380 | 372 |
| **Ohio — 1.8%** | **Ohio — 1.8%** | **Ohio — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;Allen County, Hospital Facilities Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2028  |  | 750 | 828 |
| &nbsp;&nbsp;&nbsp;American Municipal Power, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2027  |  | 5000 | 5126 |
| &nbsp;&nbsp;&nbsp;Buckeye, Tobacco Settlement Financing Authority, Ser A-2, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2032  |  | 4325 | 4624 |
| &nbsp;&nbsp;&nbsp;Buckeye, Tobacco Settlement Financing Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2055  |  | 1600 | 1466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2057 (E) |  | 3035 | 355 |
| &nbsp;&nbsp;&nbsp;Cuyahoga County, Hospital Revenue, Metrohealth System, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2037  |  | 3000 | 3069 |
| &nbsp;&nbsp;&nbsp;Hamilton County, Tax Revenue Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2032  |  | 1600 | 1659 |
| &nbsp;&nbsp;&nbsp;Ohio State, Air Quality Development Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2030 (A) |  | 990 | 991 |
| &nbsp;&nbsp;&nbsp;Ohio State, Capital Facilities Correctional Building Fund Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2030  |  | 2655 | 2908 |
| &nbsp;&nbsp;&nbsp;Ohio State, Higher Educational Facilities Commission, Case Western Reserve University Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2029  |  | 2615 | 2855 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Ohio State, Higher Educational Facility Commission, Kenyon College Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2035  | $| 680 | $727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2037  |  | 300 | 317 |
| &nbsp;&nbsp;&nbsp;Ohio State, Hospital Facility Authority, Cleveland Clinic Health Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2031  |  | 1250 | 1374 |
| &nbsp;&nbsp;&nbsp;Ohio State, Hospital Revenue, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2050 (A) |  | 3230 | 3343 |
| &nbsp;&nbsp;&nbsp;Ohio State, Portsmouth Bypass Project, AMT, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/31/2027  |  | 655 | 677 |
| &nbsp;&nbsp;&nbsp;Southern Ohio, Port Authority, Purecycle Project, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 12/01/2025 (B) |  | 1100 | 1054 |
|  |  |  | 31373 |
| **Oklahoma — 0.1%** | **Oklahoma — 0.1%** | **Oklahoma — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;Oklahoma State, Development Finance Authority, OU Medicine Project, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 08/15/2043  |  | 1510 | 1387 |
| **Oregon — 0.7%** | **Oregon — 0.7%** | **Oregon — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;Clackamas County, Hospital Facility Authority, Rose Villa Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 11/15/2040  |  | 500 | 458 |
| &nbsp;&nbsp;&nbsp;Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2024  |  | 250 | 259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2025  |  | 275 | 291 |
| &nbsp;&nbsp;&nbsp;Medford, Hospital Facilities Authority, Asante Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2026  |  | 260 | 277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2034  |  | 1000 | 1083 |
| &nbsp;&nbsp;&nbsp;Oregon State, Department of Administrative Services, State Lottery, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2024  |  | 2450 | 2527 |
| &nbsp;&nbsp;&nbsp;Oregon State, Facilities Authority, Legacy Health Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2024  |  | 1000 | 1027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2035  |  | 2500 | 2594 |
| &nbsp;&nbsp;&nbsp;Port of Portland, Airport Revenue, Portland International Airport, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  |  | 1040 | 1144 |
| &nbsp;&nbsp;&nbsp;Port of Portland, Airport Revenue, Portland International Airport, Ser 28, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2036  |  | 2000 | 1941 |
| &nbsp;&nbsp;&nbsp;Umatilla County, School District No. 8R Hermiston, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/15/2027 (E) |  | 1000 | 858 |
|  |  |  | 12459 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **Pennsylvania — 6.7%** | **Pennsylvania — 6.7%** |  |
| &nbsp;&nbsp;&nbsp;Allegheny County, Hospital Development Authority, Allegheny Health Network Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2030  | $5000 | $5353 |
| &nbsp;&nbsp;&nbsp;Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2042 (B) | 1850 | 1674 |
| &nbsp;&nbsp;&nbsp;Bucks County, Industrial Development Authority, Lane Charter School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 03/15/2036  | 2000 | 2056 |
| &nbsp;&nbsp;&nbsp;Delaware Valley, Regional Finance Authority, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.380%, 09/01/2048 (A) | 4000 | 3995 |
| &nbsp;&nbsp;&nbsp;East Hempfield Township, Industrial Development Authority, Student Services, Student Housing Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024 (C) | 1600 | 1655 |
| &nbsp;&nbsp;&nbsp;Lancaster County, Hospital Authority, Penn State Health System Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2046  | 2000 | 2045 |
| &nbsp;&nbsp;&nbsp;Lancaster County, Hospital Authority, University of Pennsylvania Health System Project, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2026  | 1940 | 2093 |
| &nbsp;&nbsp;&nbsp;Luzerne County, Industrial Development Authority, America Water Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.450%, 12/01/2039 (A) | 2500 | 2250 |
| &nbsp;&nbsp;&nbsp;Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2033  | 2815 | 3011 |
| &nbsp;&nbsp;&nbsp;Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2036  | 4485 | 4485 |
| &nbsp;&nbsp;&nbsp;Moon Township, Industrial Development Authority, Presbyterian Health Care Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 07/01/2030  | 1810 | 1688 |
| &nbsp;&nbsp;&nbsp;Octorara Area, School District, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2024  | 250 | 254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2025  | 650 | 667 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2026  | 2995 | 3189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2033  | 3500 | 3795 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Economic Development Financing Authority, University of Pittsburgh Medical Center, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2033  | $2300 | $2523 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/15/2026  | 2500 | 2703 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Housing Finance Agency, Ser 135A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/01/2051  | 1885 | 1837 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2030  | 5000 | 5393 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2033  | 6000 | 6525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2035  | 1000 | 1078 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2041  | 1960 | 1944 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2033  | 3000 | 3178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2039  | 250 | 274 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Sub-Ser A1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2030  | 4260 | 4425 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Sub-Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2028  | 3000 | 3180 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Airport Revenue, AMT, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2040  | 500 | 473 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Airport Revenue, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 1000 | 1051 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Hospitals & Higher Education Facilities Authority, Temple University Health System Project, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2036  | 700 | 754 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Industrial Development Authority, University Square Apartments Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2037  | 4725 | 4899 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Redevelopment Authority, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/15/2025  | 1250 | 1307 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Philadelphia, School District, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2029  | $| 1500 | $1652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2030  |  | 1000 | 1087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2034  |  | 1410 | 1551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2036  |  | 2000 | 2134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2035  |  | 5000 | 5056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2038  |  | 3000 | 2966 |
| &nbsp;&nbsp;&nbsp;Philadelphia, School District, Ser F, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2026 (C) |  | 25 | 27 |
| &nbsp;&nbsp;&nbsp;Philadelphia, School District, Ser F, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2028  |  | 3390 | 3609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2030  |  | 7975 | 8447 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2032  |  | 5905 | 6599 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Water & Wastewater Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2033  |  | 2000 | 2257 |
| &nbsp;&nbsp;&nbsp;Southeastern Pennsylvania, Transportation Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/01/2039  |  | 2250 | 2552 |
|  |  |  | 117691 |
| **Puerto Rico — 2.9%** | **Puerto Rico — 2.9%** | **Puerto Rico — 2.9%** |  |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Electric Power Authority, Ser CCC, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/01/2027 (F) |  | 2990 | 2213 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Electric Power Authority, Ser TT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032 (F) |  | 1000 | 738 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Electric Power Authority, Ser WW, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/01/2033 (F) |  | 3035 | 2246 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Electric Power Authority, Ser XX, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/01/2040 (F) |  | 2940 | 2176 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, GDB Debt Recovery Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 08/20/2040  |  | 1814 | 1515 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sales Tax Financing Sales Tax Revenue, Ser A-1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/01/2029 (E) |  | 1500 | 1090 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 07/01/2053  |  | 1000 | 911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/01/2046 (E) |  | 14830 | 3719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/01/2051 (E) |  | 22042 | 4120 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.550%, 07/01/2040  |  | 8625 | 8011 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.329%, 07/01/2040  | $| 13040 | $11780 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Ser A1, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 07/01/2027  |  | 3400 | 3478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2035  |  | 1284 | 1092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2037  |  | 3350 | 2791 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sub-Ser CW, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 11/01/2043 (A)(G) |  | 11894 | 5412 |
|  |  |  | 51292 |
| **Rhode Island — 0.1%** | **Rhode Island — 0.1%** | **Rhode Island — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;Rhode Island State, Health & Educational Building Authority, University of Rhode Island Project, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/15/2028  |  | 1405 | 1510 |
| **South Carolina — 1.7%** | **South Carolina — 1.7%** | **South Carolina — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;Piedmont, Municipal Power Agency, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2033  |  | 5125 | 5195 |
| &nbsp;&nbsp;&nbsp;Piedmont, Municipal Power Agency, Ser E, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  |  | 485 | 496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2025  |  | 385 | 400 |
| &nbsp;&nbsp;&nbsp;South Carolina State, Housing Finance & Development Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 01/01/2050  |  | 605 | 600 |
| &nbsp;&nbsp;&nbsp;South Carolina State, Jobs-Economic Development Authority, Bons Secours Mercy Health, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2035  |  | 1460 | 1611 |
| &nbsp;&nbsp;&nbsp;South Carolina State, Jobs-Economic Development Authority, High Point Academy Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 06/15/2039 (B) |  | 1870 | 1897 |
| &nbsp;&nbsp;&nbsp;South Carolina State, Port Authority, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  |  | 2250 | 2403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  |  | 1500 | 1597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2035  |  | 1160 | 1154 |
| &nbsp;&nbsp;&nbsp;South Carolina State, Public Service Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  |  | 385 | 404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2031  |  | 540 | 589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2036  |  | 2750 | 2905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2034  |  | 2000 | 1990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2036  |  | 2250 | 2207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2038  |  | 175 | 170 |
| &nbsp;&nbsp;&nbsp;South Carolina State, Public Service Authority, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  |  | 3800 | 3924 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;South Carolina State. Public Service Authority, Ser E, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/01/2038  | $| 2500 | $2727 |
|  |  |  | 30269 |
| **South Dakota — 0.3%** | **South Dakota — 0.3%** | **South Dakota — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;South Dakota State, Educational Enhancement Funding, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2023 (C) |  | 1000 | 1012 |
| &nbsp;&nbsp;&nbsp;South Dakota State, Health & Educational Facilities Authority, Sanford Obligated Group, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  |  | 830 | 871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2028  |  | 900 | 944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2035  |  | 1005 | 1034 |
| &nbsp;&nbsp;&nbsp;South Dakota State, Housing Development Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2049  |  | 840 | 840 |
|  |  |  | 4701 |
| **Tennessee — 0.8%** | **Tennessee — 0.8%** | **Tennessee — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;Chattanooga, Commonspirit Health, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2034  |  | 1015 | 1068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2035  |  | 420 | 440 |
| &nbsp;&nbsp;&nbsp;Greeneville, Health & Educational Facilities Board, Ballad Health Obligation Group, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  |  | 3000 | 3016 |
| &nbsp;&nbsp;&nbsp;Tennergy, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2051 (A) |  | 2500 | 2450 |
| &nbsp;&nbsp;&nbsp;Tennessee State, Energy Acquisition, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2049 (A) |  | 2500 | 2488 |
| &nbsp;&nbsp;&nbsp;Tennessee State, Energy Acquisition, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2027  |  | 3485 | 3563 |
| &nbsp;&nbsp;&nbsp;Tennessee State, Housing Development Agency, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2045  |  | 615 | 614 |
|  |  |  | 13639 |
| **Texas — 8.5%** | **Texas — 8.5%** | **Texas — 8.5%** |  |
| &nbsp;&nbsp;&nbsp;Arlington, Higher Education Finance, RB, PSF-GTD  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2038  |  | 810 | 897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2040  |  | 695 | 763 |
| &nbsp;&nbsp;&nbsp;Arlington, Special Tax Revenue, Special Tax, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2030  |  | 2000 | 2092 |
| &nbsp;&nbsp;&nbsp;Austin, Electric Utility Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2032  |  | 1535 | 1648 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Austin, Texas Airport System Revenue, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2037  | $900 | $926 |
| &nbsp;&nbsp;&nbsp;Austin-Bergstrom, Landhost Enterprises, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026 (F) | 465 | 486 |
| &nbsp;&nbsp;&nbsp;Central Texas, Regional Mobility Authority, Senior Lien, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2037  | 770 | 766 |
| &nbsp;&nbsp;&nbsp;Central Texas, Regional Mobility Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2036  | 200 | 217 |
| &nbsp;&nbsp;&nbsp;Central Texas, Turnpike System, Sub-Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2031  | 2500 | 2560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2033  | 6500 | 6640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2037  | 1475 | 1499 |
| &nbsp;&nbsp;&nbsp;Clear Creek, Independent School District, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.280%, 02/15/2038 (A) | 640 | 603 |
| &nbsp;&nbsp;&nbsp;Clifton, Higher Education Finance, Public Schools Project, RB, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2027  | 1050 | 1083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/15/2032  | 1000 | 1043 |
| &nbsp;&nbsp;&nbsp;Collin County, Community College District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/15/2034  | 2500 | 2596 |
| &nbsp;&nbsp;&nbsp;Corpus Christi, Utility System Revenue, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2033  | 1500 | 1674 |
| &nbsp;&nbsp;&nbsp;Cypress-Fairbanks, Independent School District, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2032  | 5500 | 6170 |
| &nbsp;&nbsp;&nbsp;Dallas City, Hotel Occupancy Tax Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/15/2031  | 1000 | 1007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/15/2034  | 480 | 477 |
| &nbsp;&nbsp;&nbsp;Dallas City, Love Field, Airport Modernization, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2030  | 1000 | 1048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2031  | 1250 | 1309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2032  | 2500 | 2609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2033  | 1175 | 1221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2034  | 1000 | 1035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2035  | 1000 | 1033 |
| &nbsp;&nbsp;&nbsp;Dallas County, Utility & Reclamation District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2028  | 1000 | 1091 |
| &nbsp;&nbsp;&nbsp;Dallas-Fort Worth, International Airport Facilities Improvement Authority, Ser G, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/01/2026  | 2250 | 2298 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Dallas-Fort Worth, International Airport Revenue, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  | $250 | $260 |
| &nbsp;&nbsp;&nbsp;Denton, Utility System Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 7500 | 8042 |
| &nbsp;&nbsp;&nbsp;El Paso, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2034  | 2050 | 2185 |
| &nbsp;&nbsp;&nbsp;Georgetown, Utility System Revenue, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2037  | 1705 | 1875 |
| &nbsp;&nbsp;&nbsp;Harris County, Cultural Education Facilities Finance, Memorial Herman Health System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  | 2000 | 2115 |
| &nbsp;&nbsp;&nbsp;Harris County, Cultural Education Facilities Finance, TECO Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2028  | 1250 | 1373 |
| &nbsp;&nbsp;&nbsp;Harris County, Houston Sports Authority, Senior Lien, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2028  | 2500 | 2576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2029  | 2325 | 2395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2030  | 3310 | 3409 |
| &nbsp;&nbsp;&nbsp;Harris County, Houston Sports Authority, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2033  | 1100 | 1126 |
| &nbsp;&nbsp;&nbsp;Hidalgo County, Regional Mobility Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2031  | 260 | 274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 300 | 314 |
| &nbsp;&nbsp;&nbsp;Houston, Airport System Revenue, Sub-Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 3685 | 4052 |
| &nbsp;&nbsp;&nbsp;Houston, Airport System Revenue, Sub-Ser C, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 2450 | 2610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032  | 1500 | 1584 |
| &nbsp;&nbsp;&nbsp;Houston, Airport System Revenue, United Airlines Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 1980 | 1983 |
| &nbsp;&nbsp;&nbsp;Houston, Hotel Occupancy Tax & Special Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2023  | 190 | 192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2025  | 215 | 220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2026  | 160 | 165 |
| &nbsp;&nbsp;&nbsp;Lower Colorado, River Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2031  | 1000 | 1045 |
| &nbsp;&nbsp;&nbsp;New Hope, Cultural Education Facilities Finance, Children's Health System, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2030  | 1645 | 1780 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New Hope, Cultural Education Facilities Finance, Sanctuary LTC Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/01/2057  | $750 | $580 |
| &nbsp;&nbsp;&nbsp;New Hope, Cultural Education Facilities Finance, Westminster Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2055  | 385 | 284 |
| &nbsp;&nbsp;&nbsp;North East Texas, Independent School District, Ser B, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 08/01/2052 (A) | 3175 | 3152 |
| &nbsp;&nbsp;&nbsp;North Texas, Municipal Water District, Water System Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2027  | 2560 | 2768 |
| &nbsp;&nbsp;&nbsp;North Texas, Tollway Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2035  | 1800 | 1903 |
| &nbsp;&nbsp;&nbsp;North Texas, Tollway Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2031  | 6410 | 6692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2034  | 7285 | 7613 |
| &nbsp;&nbsp;&nbsp;North Texas, Tollway Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2031  | 1775 | 1872 |
| &nbsp;&nbsp;&nbsp;San Antonio, Airport System, Sub-Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1040 | 1090 |
| &nbsp;&nbsp;&nbsp;San Antonio, Electric & Gas Systems Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 02/01/2024  | 6000 | 6181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2023  | 940 | 944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2035  | 375 | 419 |
| &nbsp;&nbsp;&nbsp;San Antonio, Electric & Gas Systems Revenue, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2033  | 1410 | 1587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2034  | 1700 | 1901 |
| &nbsp;&nbsp;&nbsp;San Antonio, Electric & Gas Systems Revenue, Ser B-REMK, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/01/2033  | 1000 | 1067 |
| &nbsp;&nbsp;&nbsp;San Antonio, Electric & Gas Systems Revenue, Ser Junior Lien, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 02/01/2049 (A) | 735 | 697 |
| &nbsp;&nbsp;&nbsp;Tarrant County, Cultural Education Facilities Finance, Baylor Scott & White Health, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2032  | 1500 | 1575 |
| &nbsp;&nbsp;&nbsp;Tarrant County, Cultural Education Facilities Finance, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2053 (A) | 2000 | 2180 |
| &nbsp;&nbsp;&nbsp;Texas State, Municipal Gas Acquisition & Supply I, Senior Lien, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 12/15/2026  | 900 | 940 |
| &nbsp;&nbsp;&nbsp;Texas State, Municipal Gas Acquisition & Supply III, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2031  | 1000 | 1046 |
| &nbsp;&nbsp;&nbsp;Texas State, Private Activity Bond, Surface Transportation, Senior Lien, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 12/31/2038  | 2500 | 2560 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Texas State, Ser B, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2030  | $| 625 | $642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2031  |  | 435 | 445 |
| &nbsp;&nbsp;&nbsp;Texas State, Transportation Commission State, Highway Fund, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2024 (C) |  | 3000 | 3095 |
| &nbsp;&nbsp;&nbsp;Texas State, Transportation Commission State, Highway Fund, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2028  |  | 2630 | 2823 |
| &nbsp;&nbsp;&nbsp;Texas State, Water Development Board, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2026  |  | 3750 | 4075 |
| &nbsp;&nbsp;&nbsp;Trinity River Authority, Central Regional Wastewater System Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2032  |  | 1000 | 1094 |
| &nbsp;&nbsp;&nbsp;University of Houston, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2029  |  | 3000 | 3211 |
| &nbsp;&nbsp;&nbsp;University of Texas, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024 (C) |  | 2285 | 2370 |
| &nbsp;&nbsp;&nbsp;Uptown Development Authority, TA  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2033  |  | 400 | 379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2035  |  | 275 | 255 |
|  |  |  | 149806 |
| **Utah — 0.5%** | **Utah — 0.5%** | **Utah — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;Salt Lake City, Airport Revenue, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2035  |  | 5000 | 5180 |
| &nbsp;&nbsp;&nbsp;Salt Lake City, Airport Revenue, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2035  |  | 1500 | 1590 |
| &nbsp;&nbsp;&nbsp;Utah State, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/01/2034  |  | 495 | 484 |
| &nbsp;&nbsp;&nbsp;Utah State, Transit Authority, Sub-Ser, RB, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2032  |  | 1585 | 1750 |
|  |  |  | 9004 |
| **Vermont — 0.0%** | **Vermont — 0.0%** | **Vermont — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;Vermont State, Housing Finance Agency, Ser F, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2045  |  | 170 | 170 |
| **Virgin Islands — 0.1%** | **Virgin Islands — 0.1%** | **Virgin Islands — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;Virgin Islands, Matching Fund, Special Purpose Securitization, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2039  |  | 1065 | 1071 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **Virginia — 1.8%** | **Virginia — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;Arlington County, Industrial Development Authority, Virginia Hospital Center, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | $280 | $296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 250 | 267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 375 | 406 |
| &nbsp;&nbsp;&nbsp;Fairfax County, Industrial Development Authority, Inova Health System Project, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2026  | 3055 | 3283 |
| &nbsp;&nbsp;&nbsp;Halifax County, Industrial Development Authority, Virginia Electric & Power Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.650%, 12/01/2041 (A) | 1320 | 1272 |
| &nbsp;&nbsp;&nbsp;Henrico County, Economic Development Authority, Westminster Canterbury Richmond, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2042  | 430 | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2047  | 1225 | 1279 |
| &nbsp;&nbsp;&nbsp;Norfolk, Economic Development Authority, Sentara Health Care, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2048 (A) | 1035 | 1131 |
| &nbsp;&nbsp;&nbsp;Virginia State, College Building Authority, 21st Century College Program, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2028  | 2000 | 2224 |
| &nbsp;&nbsp;&nbsp;Virginia State, Public Building Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2038  | 5500 | 5605 |
| &nbsp;&nbsp;&nbsp;Virginia State, Small Business Financing Authority, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2035  | 1085 | 1126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/30/2042  | 2000 | 2087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/31/2047  | 440 | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2030  | 1140 | 1135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2031  | 365 | 362 |
| &nbsp;&nbsp;&nbsp;Virginia State, Small Business Financing Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  | 490 | 510 |
| &nbsp;&nbsp;&nbsp;Virginia State, Tobacco Settlement Financing, Sub-Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2047 (E) | 41470 | 9932 |
|  |  | 31823 |
| **Washington — 2.0%** | **Washington — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;King County, Public Hospital District No. 1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2027  | 7720 | 8287 |
| &nbsp;&nbsp;&nbsp;Port of Seattle, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2028  | 5055 | 5414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2036  | 1500 | 1572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2041  | 1000 | 1044 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Port of Seattle, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2038  | $| 1000 | $1004 |
| &nbsp;&nbsp;&nbsp;Port of Seattle, Ser C, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2032  |  | 1500 | 1540 |
| &nbsp;&nbsp;&nbsp;Washington State, Electric Revenue, Energy Northwest, Columbia Generating Station Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2040  |  | 2500 | 2772 |
| &nbsp;&nbsp;&nbsp;Washington State, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2036  |  | 4500 | 4645 |
| &nbsp;&nbsp;&nbsp;Washington State, Health Care Facilities Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  |  | 1250 | 1297 |
| &nbsp;&nbsp;&nbsp;Washington State, Housing Finance Commission, Social Certificate, Ser A-1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 12/20/2035  |  | 978 | 877 |
| &nbsp;&nbsp;&nbsp;Washington State, Housing Finance Commission, Transforming Age Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2034 (B) |  | 745 | 668 |
| &nbsp;&nbsp;&nbsp;Washington State, Ser R-2015E, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  |  | 2730 | 2854 |
| &nbsp;&nbsp;&nbsp;Washington State, Various Purpose, Ser 2015-A1, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2030  |  | 2540 | 2635 |
|  |  |  | 34609 |
| **West Virginia — 0.4%** | **West Virginia — 0.4%** | **West Virginia — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;West Virginia State, Economic Development Authority, Appalachian Power Amos Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 12/01/2042 (A) |  | 2300 | 2268 |
| &nbsp;&nbsp;&nbsp;West Virginia State, Parkways Authority, Turnpike Toll Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2031  |  | 1250 | 1373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2032  |  | 1510 | 1654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2034  |  | 1000 | 1091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2035  |  | 1005 | 1094 |
|  |  |  | 7480 |
| **Wisconsin — 2.9%** | **Wisconsin — 2.9%** | **Wisconsin — 2.9%** |  |
| &nbsp;&nbsp;&nbsp;Milwaukee County, Airport Revenue, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  |  | 500 | 529 |
| &nbsp;&nbsp;&nbsp;University of Wisconsin, Hospitals & Clinics, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2037  |  | 500 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2039  |  | 295 | 292 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Center District, Ser C, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/15/2029 (E) |  | 370 | 287 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Wisconsin State, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2026  | $1175 | $1279 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2031  | 4155 | 4548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2054 (A) | 2000 | 2119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.030%, 08/15/2054 (A) | 1125 | 1084 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, Ascension Health Credit Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2030  | 3810 | 4044 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, Children's Hospital of Wisconsin, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2034  | 1835 | 1950 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, Oakwood Lutheran Senior Ministries, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2037  | 665 | 554 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, Prohealth Care Obligation Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2034  | 1155 | 1176 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, St. Camilus Health System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2028  | 470 | 457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2030  | 1035 | 991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2039  | 1135 | 1010 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, Three Pillars Senior Living Communities, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/15/2041  | 705 | 607 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, Unitypoint Health, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2029  | 1650 | 1701 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Housing & Economic Development Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/01/2052  | 930 | 897 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Housing & Economic Development Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 11/01/2050 (A) | 240 | 225 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, American Dream @ Meadowlands Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 12/01/2050 (B) | 1390 | 1156 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Appalachian Regional Healthcare System, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2039  | $| 475 | $489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2040  |  | 325 | 333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2041  |  | 750 | 768 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Appalachian State University Project, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2027  |  | 225 | 231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2028  |  | 225 | 232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2029  |  | 225 | 230 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Celanese Project, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  |  | 1395 | 1406 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Duke Energy Progress Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.700%, 10/01/2046 (A) |  | 10450 | 10457 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Grand Hyatt San Antonio Hotel Acquisition Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2042  |  | 1475 | 1420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2052  |  | 1785 | 1652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2062  |  | 815 | 738 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, KU Campus Development Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2034  |  | 6880 | 7207 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, United Methodist Retirement Facility Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2025  |  | 285 | 283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2026  |  | 300 | 296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2027  |  | 125 | 123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2028  |  | 250 | 243 |
|  |  |  | 51514 |
| Total Municipal Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,806,675) ($ Thousands) |  |  | 1733685 |
|  | <br> Shares | <br> Shares |  |
| **CASH EQUIVALENT — 0.0%** | **CASH EQUIVALENT — 0.0%** | **CASH EQUIVALENT — 0.0%** | **CASH EQUIVALENT — 0.0%** |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust, Government Fund, Cl F |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.370%\*\*<sup>†</sup> |  | 944011 | 944 |
| Total Cash Equivalent |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $944) ($ Thousands) |  |  | 944 |
| Total Investments in Securities — 98.9% |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,807,619) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $1,807,619) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $1,807,619) ($ Thousands)  | $1734629 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Intermediate-Term Municipal Fund** (Concluded)

---

| | |
|:---|:---|
|  | Percentages are based on Net Assets of $1,753,414 ($ Thousands). |
| \*\* | The rate reported is the 7-day effective yield as of November 30, 2022. |
| <sup>†</sup> | Investment in Affiliated Security. |
| (A) | 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. |
| (B) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On November 30, 2022, the value of these securities amounted to $32,833 ($ Thousands), representing 1.9% of the Net Assets of the Fund. |
| (C) | Pre-Refunded Securities — The maturity date shown is the pre-refunded date. |
| (D) | Security is escrowed to maturity. |
| (E) | Zero coupon security.  |
| (F) | Security is in default on interest payment. |
| (G) | No interest rate available. |

---

The following is a summary of the level of inputs used as of November 30, 2022, 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;Municipal Bonds |  | 1733685 |  | 1733685 |
| &nbsp;&nbsp;&nbsp;Cash Equivalent | 944 | – |  | 944 |
| Total Investments in Securities | 944 | 1733685 |  | 1734629 |

---

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund's most recent financial statements.

The following is a summary of the transactions with affiliates for the period ended November 30, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 8/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/ (Loss)** | **Change in Unrealized Appreciation/ (Depreciation)** | **Value 11/30/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust, Government Fund, Cl F | $&nbsp;&nbsp;&nbsp;&nbsp;682 | $&nbsp;&nbsp;&nbsp;&nbsp;46695 | $&nbsp;&nbsp;&nbsp;&nbsp;(46433) | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;944 | $&nbsp;&nbsp;&nbsp;&nbsp;12 | $&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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

See "Glossary" for abbreviations.

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** 

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS — 99.3%** | **MUNICIPAL BONDS — 99.3%** | **MUNICIPAL BONDS — 99.3%** |
| **Alabama — 8.1%** | **Alabama — 8.1%** |  |
| &nbsp;&nbsp;&nbsp;Baptist Health, Health Care Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.520%, 11/01/2042 (A) | $2035 | $2035 |
| &nbsp;&nbsp;&nbsp;Baptist Health, Health Care Authority, Ser B, RB, AGC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 11/15/2037 (A) | 1325 | 1325 |
| &nbsp;&nbsp;&nbsp;Black Belt, Energy Gas District, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.660%, 12/01/2048 (A) | 13510 | 13486 |
| &nbsp;&nbsp;&nbsp;Black Belt, Energy Gas District, Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2049 (A) | 3940 | 3925 |
| &nbsp;&nbsp;&nbsp;Black Belt, Energy Gas District, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2024  | 1250 | 1273 |
| &nbsp;&nbsp;&nbsp;Black Belt, Energy Gas District, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2023  | 2000 | 2001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2024  | 1765 | 1764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2025  | 7520 | 7500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2052 (A) | 2500 | 2475 |
| &nbsp;&nbsp;&nbsp;Black Belt, Energy Gas District, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.953%, 07/01/2052 (A) | 2000 | 1973 |
| &nbsp;&nbsp;&nbsp;Columbia, Industrial Development Board, Alabama Power Company Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.600%, 12/01/2037 (A) | 4000 | 4000 |
| &nbsp;&nbsp;&nbsp;Lower Alabama, Gas District, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2023  | 550 | 551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2024  | 500 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2025  | 730 | 730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2050 (A) | 10000 | 9965 |
| &nbsp;&nbsp;&nbsp;Mobile, Industrial Development Board, Pollution Control Authority, Barry Plant Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.900%, 07/15/2034 (A) | 1000 | 995 |
| &nbsp;&nbsp;&nbsp;Selma, Industrial Development Board, International Paper Company Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.375%, 05/01/2034 (A) | 5250 | 4888 |
| &nbsp;&nbsp;&nbsp;Southeast Alabama, Energy Authority, Cooperative District Project, Ser B-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2024  | 1300 | 1320 |
| &nbsp;&nbsp;&nbsp;Southeast Alabama, Gas Supply District, LIBOR Project #2, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.610%, 06/01/2049 (A) | 18940 | 18607 |
| &nbsp;&nbsp;&nbsp;Southeast Alabama, Gas Supply District, Project #1, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2049 (A) | 6850 | 6842 |
| &nbsp;&nbsp;&nbsp;Southeast Alabama, Gas Supply District, SIFMA Index Project, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 04/01/2049 (A) | 2500 | 2465 |
| &nbsp;&nbsp;&nbsp;Taylor-Ryan, Improvement District, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 11/01/2035 (A)(B) | 100 | 100 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;University of South Alabama, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2023  | $| 425 | $427 |
|  |  |  | 89147 |
| **Alaska — 0.4%** | **Alaska — 0.4%** | **Alaska — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;Alaska State, International Airports System, Ser C, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2025  |  | 1980 | 2065 |
| &nbsp;&nbsp;&nbsp;Alaska State, Municipal Bond Bank Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2022  |  | 700 | 700 |
| &nbsp;&nbsp;&nbsp;Northern Alaska, Tobacco Securitization, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2024  |  | 600 | 613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2023  |  | 500 | 502 |
|  |  |  | 3880 |
| **Arizona — 1.0%** | **Arizona — 1.0%** | **Arizona — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;Arizona State, Health Facilities Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 01/01/2046 (A) |  | 1000 | 965 |
| &nbsp;&nbsp;&nbsp;Arizona State, Industrial Development Authority, Phoenix Children's Hospital, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2024  |  | 200 | 205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2025  |  | 450 | 470 |
| &nbsp;&nbsp;&nbsp;Chandler, Industrial Development Authority, Intel Corp. Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2049 (A) |  | 1680 | 1705 |
| &nbsp;&nbsp;&nbsp;Coconino County, Pollution Control, Nevada Power Company, Ser S, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 09/01/2032 (A) |  | 3500 | 3485 |
| &nbsp;&nbsp;&nbsp;Maricopa County, Industrial Development Authority, Banner Health, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.420%, 01/01/2035 (A) |  | 3765 | 3749 |
| &nbsp;&nbsp;&nbsp;Maricopa County, Special Health Care District, Ser D, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  |  | 990 | 1025 |
|  |  |  | 11604 |
| **California — 2.7%** | **California — 2.7%** | **California — 2.7%** |  |
| &nbsp;&nbsp;&nbsp;Anaheim, Public Financing Authority, Public Improvements Project, Ser C, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 09/01/2023 (C) |  | 1500 | 1467 |
| &nbsp;&nbsp;&nbsp;Bay Area, Toll Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.130%, 04/01/2056 (A) |  | 1250 | 1251 |
| &nbsp;&nbsp;&nbsp;California State, Choice Financing Authority, Clean Energy Project, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2025  |  | 535 | 539 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;California State, Choice Financing Authority, Clean Energy Project, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2026  | $450 | $455 |
| &nbsp;&nbsp;&nbsp;California State, Educational Facilities Authority, University of San Diego, RB, AMBAC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/01/2023 (C) | 1120 | 1093 |
| &nbsp;&nbsp;&nbsp;California State, Infrastructure & Economic Development Bank, Academy of Sciences, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.200%, 08/01/2047 (A) | 2500 | 2463 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Republic Services Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 07/01/2041 (A) | 6300 | 6309 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Waste Management Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.300%, 02/01/2039 (A)(D) | 1500 | 1408 |
| &nbsp;&nbsp;&nbsp;California State, Pollution Control Financing Authority, America Water Capital Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.600%, 08/01/2040 (A) | 2025 | 1985 |
| &nbsp;&nbsp;&nbsp;California State, Public Works Board, Various Capital Projects, Ser H, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  | 1780 | 1867 |
| &nbsp;&nbsp;&nbsp;California State, Statewide Communities Development Authority, Dignity Health, Ser D, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.010%, 07/01/2041 (A) | 1925 | 1925 |
| &nbsp;&nbsp;&nbsp;California State, Statewide Communities Development Authority, Dignity Health, Ser E, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.650%, 07/01/2040 (A) | 4025 | 4025 |
| &nbsp;&nbsp;&nbsp;Cathedral, Redevelopment Agency, Successor Agency, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2023  | 100 | 101 |
| &nbsp;&nbsp;&nbsp;Cathedral, Redevelopment Agency, Successor Agency, TA, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2024  | 245 | 249 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Airports, Sub-Ser, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2024  | 965 | 992 |
| &nbsp;&nbsp;&nbsp;Los Angeles, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/29/2023  | 1000 | 1009 |
| &nbsp;&nbsp;&nbsp;Newman-Crows Landing, Unified School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 08/01/2025 (C) | 500 | 457 |
| &nbsp;&nbsp;&nbsp;Southern Kern, Unified School District, Ser D, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 11/01/2024 (C) | 200 | 189 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Vernon, Electric System Revenue, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2023  | $| 1240 | $1246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2024  |  | 1100 | 1119 |
|  |  |  | 30149 |
| **Colorado — 1.8%** | **Colorado — 1.8%** | **Colorado — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, Commonspirit Health, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2049 (A) |  | 1145 | 1178 |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, Commonspirit Health, Ser B-2, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2049 (A) |  | 2000 | 2082 |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  |  | 850 | 878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2025  |  | 350 | 367 |
| &nbsp;&nbsp;&nbsp;Colorado State, Housing & Finance Authority, Multi-Family Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.550%, 04/01/2023  |  | 4475 | 4458 |
| &nbsp;&nbsp;&nbsp;Denver City & County, Airport System Revenue Authority, Ser D, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2025  |  | 2000 | 2099 |
| &nbsp;&nbsp;&nbsp;E-470, Public Highway Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.903%, 09/01/2039 (A) |  | 4500 | 4456 |
| &nbsp;&nbsp;&nbsp;Regional Transportation District, Denver Transit Partners Eagle P3 Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2024  |  | 350 | 357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2024  |  | 615 | 625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2025  |  | 300 | 307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2025  |  | 440 | 453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/15/2026  |  | 405 | 395 |
| &nbsp;&nbsp;&nbsp;University of Colorado, Green Bonds, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 06/01/2054 (A) |  | 3855 | 3773 |
|  |  |  | 21428 |
| **Connecticut — 2.8%** | **Connecticut — 2.8%** | **Connecticut — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;Connecticut State, Health & Educational Facilities Authority, Stamford Hospital Issue, Ser L, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2023  |  | 550 | 552 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Health & Educational Facilities Authority, Yale University Issue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.100%, 07/01/2048 (A) |  | 3000 | 2987 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Health & Educational Facilities Authority, Yale University Issue, Ser 2017, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.550%, 07/01/2037 (A) |  | 2000 | 1965 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Higher Education Supplement Loan Authority, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2023 (E) |  | 500 | 511 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Connecticut State, Housing Finance Authority, Housing Mortgage Finance Program, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.300%, 11/15/2024  | $| 500 | $473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 05/15/2024  |  | 750 | 719 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Housing Finance Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.650%, 11/15/2052 (A) |  | 7295 | 7321 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Housing Finance Authority, Ser 25, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.700%, 06/15/2023  |  | 1315 | 1314 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Housing Finance Authority, Ser A4, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.150%, 11/15/2050 (A) |  | 5500 | 5474 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Ser 2021, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/15/2024  |  | 585 | 588 |
| &nbsp;&nbsp;&nbsp;Connecticut State, Ser D, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/15/2024  |  | 2250 | 2344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/15/2025  |  | 1500 | 1594 |
| &nbsp;&nbsp;&nbsp;Connecticut State, SIFMA Index Project, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.840%, 03/01/2025 (A) |  | 1815 | 1836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.800%, 03/01/2024 (A) |  | 2155 | 2177 |
|  |  |  | 29855 |
| **Delaware — 0.4%** | **Delaware — 0.4%** | **Delaware — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;Delaware State, Economic Development Authority, Delmarva Power & Light Company Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.050%, 01/01/2031 (A) |  | 5100 | 4820 |
| **District of Columbia — 1.3%** | **District of Columbia — 1.3%** | **District of Columbia — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;District of Columbia, Hospital Refunding, Childrens Hospital, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2023  |  | 515 | 521 |
| &nbsp;&nbsp;&nbsp;District of Columbia, Housing Finance Agency, Parcel 42 Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.700%, 09/01/2041 (A) |  | 7160 | 6896 |
| &nbsp;&nbsp;&nbsp;District of Columbia, Housing Finance Agency, Park Southern Apartments Project, RB, FHA  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.700%, 06/01/2024 (A) |  | 2690 | 2654 |
| &nbsp;&nbsp;&nbsp;District of Columbia, Housing Finance Agency, Strand Residences Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/01/2039 (A) |  | 500 | 497 |
| &nbsp;&nbsp;&nbsp;Metropolitan Washington, Airports Authority, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2023  |  | 5225 | 5303 |
|  |  |  | 15871 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **Florida — 2.5%** | **Florida — 2.5%** |  |
| &nbsp;&nbsp;&nbsp;Capital Trust Agency, College Park Towers Apartments Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 05/01/2024 (A) | $1500 | $1489 |
| &nbsp;&nbsp;&nbsp;Florida State, Citizens Property Insurance, Coastal Account, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025  | 5815 | 6045 |
| &nbsp;&nbsp;&nbsp;Gainesville, Utilities System Revenue Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.400%, 10/01/2042 (A) | 11300 | 11300 |
| &nbsp;&nbsp;&nbsp;Jacksonville, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2023  | 625 | 637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2024  | 1500 | 1562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2025  | 1375 | 1460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026  | 1250 | 1352 |
| &nbsp;&nbsp;&nbsp;Lee County, Airport Revenue, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2024  | 815 | 839 |
| &nbsp;&nbsp;&nbsp;Miami-Dade County, Housing Finance Authority, Sunset Bay Apartments Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 12/01/2023 (A) | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;Miami-Dade County, Industrial Development Authority, Waste Management Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.225%, 11/01/2048 (A) | 500 | 480 |
| &nbsp;&nbsp;&nbsp;North Sumter County, Utility Dependent District, Sumter Water Conservation Authority, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2023  | 640 | 647 |
| &nbsp;&nbsp;&nbsp;Palm Beach County, Educational Facilities Authority, Palm Beach Atlantic University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2024  | 225 | 226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2025  | 235 | 236 |
| &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts, Ser 2022-XF3058, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.070%, 08/01/2039 (A)(B)(D) | 2000 | 2000 |
|  |  | 29273 |
| **Georgia — 4.6%** | **Georgia — 4.6%** |  |
| &nbsp;&nbsp;&nbsp;Bartow County, Development Authority, Georgia Power Plant, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 08/01/2043 (A) | 1800 | 1743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 12/01/2032 (A) | 2075 | 2071 |
| &nbsp;&nbsp;&nbsp;Burke County, Development Authority, Georgia Power Company Plant Vogtle Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 12/01/2049 (A) | 4000 | 3945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 10/01/2032 (A) | 1500 | 1489 |
| &nbsp;&nbsp;&nbsp;Cobb County, Kennestone Hospital Authority, Wellstar Health System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2023  | 545 | 549 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;College Park, Business & Industrial Development Authority, Somersby Project, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 07/01/2025 (A) | $| 2125 | $2056 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2024  |  | 1100 | 1101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/01/2026  |  | 500 | 504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2026  |  | 415 | 418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2048 (A) |  | 6885 | 6911 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025  |  | 650 | 665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2049 (A) |  | 7250 | 7297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.510%, 04/01/2048 (A) |  | 4150 | 4128 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2052 (A) |  | 1540 | 1505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2052 (A)(D) |  | 1000 | 951 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Ser E, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.420%, 08/01/2048 (A) |  | 1500 | 1485 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Sub-Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2048 (A) |  | 11025 | 11065 |
| &nbsp;&nbsp;&nbsp;Georgia State, Municipal Electric Authority, Project One, Sub-Ser, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2023  |  | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;Monroe County, Development Authority, Oglethorpe Power Company Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 01/01/2039 (A) |  | 750 | 704 |
|  |  |  | 49589 |
| **Guam — 0.1%** | **Guam — 0.1%** | **Guam — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;Guam, Power Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2023  |  | 1000 | 1012 |
| **Idaho — 0.0%** | **Idaho — 0.0%** | **Idaho — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;Boise, Airport Revenue, Employee Parking Facilities Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2024  |  | 200 | 202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2025  |  | 410 | 416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2026  |  | 425 | 431 |
|  |  |  | 1049 |
| **Illinois — 3.8%** | **Illinois — 3.8%** | **Illinois — 3.8%** |  |
| &nbsp;&nbsp;&nbsp;Chicago Heights, Olympic Village Apartments Project, RB, FHA/GNMA  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 08/01/2027 (A) |  | 2000 | 1952 |
| &nbsp;&nbsp;&nbsp;Chicago, O'Hare International Airport, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2023  |  | 875 | 877 |
| &nbsp;&nbsp;&nbsp;Chicago, Park District, Ser B, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  |  | 550 | 561 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Chicago, Ser 2002B-REMK, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2025  | $1000 | $1013 |
| &nbsp;&nbsp;&nbsp;Chicago, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  | 1900 | 1916 |
| &nbsp;&nbsp;&nbsp;Chicago, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  | 1750 | 1765 |
| &nbsp;&nbsp;&nbsp;Chicago, Special Assessment Revenue, Lakeshore East Project, SAB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.990%, 12/01/2023 (D) | 280 | 273 |
| &nbsp;&nbsp;&nbsp;Chicago, Wastewater Transmission Revenue Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2023  | 30 | 30 |
| &nbsp;&nbsp;&nbsp;Cook County, High School District No. 207, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2022  | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;Cook County, School District No. 233 Homewood-Flossmoor, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2023  | 1540 | 1559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2024  | 1605 | 1635 |
| &nbsp;&nbsp;&nbsp;Cook County, School District No. 87 Berkeley, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  | 500 | 522 |
| &nbsp;&nbsp;&nbsp;Geneva City, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/01/2026  | 400 | 412 |
| &nbsp;&nbsp;&nbsp;Granite City, Madison Waste Management, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 05/01/2027  | 4100 | 3557 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Advocate Health Care, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2023 (F) | 600 | 607 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Field Museum of Natural History, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.867%, 11/01/2034 (A) | 1970 | 1960 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Health Care System Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2050 (A) | 1500 | 1539 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, University of Illinois Health Services, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2023  | 250 | 254 |
| &nbsp;&nbsp;&nbsp;Illinois State, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  | 420 | 424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2023  | 1075 | 1087 |
| &nbsp;&nbsp;&nbsp;Illinois State, Housing Development Authority, Homeowner Mortgage, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.300%, 02/01/2026  | 1000 | 969 |
| &nbsp;&nbsp;&nbsp;Illinois State, Housing Development Authority, Marshall Field Garden Apartment Homes, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.850%, 05/15/2050 (A)(B) | 1000 | 1001 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Illinois State, Housing Development Authority, Ser H, RB, GNMA/FNMA/FHLMC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.470%, 10/01/2053 (A) | $| 2000 | $2005 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2023  |  | 1000 | 1004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2024  |  | 2500 | 2547 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser B, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2023  |  | 1000 | 1007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2024  |  | 4250 | 4329 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser D, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  |  | 255 | 262 |
| &nbsp;&nbsp;&nbsp;Illinois State, Sports Facilities Authority, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2027  |  | 1500 | 1536 |
| &nbsp;&nbsp;&nbsp;Illinois State, Toll Highway Authority, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  |  | 45 | 47 |
| &nbsp;&nbsp;&nbsp;Joliet, Waterworks & Sewerage Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  |  | 1000 | 1016 |
| &nbsp;&nbsp;&nbsp;Kane, Cook & DuPage Counties, Community College District No. 509, Ser B, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/15/2022  |  | 200 | 200 |
| &nbsp;&nbsp;&nbsp;Peoria, Ser A, GO, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2023  |  | 750 | 751 |
| &nbsp;&nbsp;&nbsp;Railsplitter, Tobacco Settlement Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2023  |  | 1270 | 1284 |
| &nbsp;&nbsp;&nbsp;Sales Tax Securitization, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2025  |  | 1000 | 1038 |
| &nbsp;&nbsp;&nbsp;Sangamon, Logan & Menard Counties, Community Unit School District No. 15, Ser B, GO, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2023  |  | 200 | 204 |
| &nbsp;&nbsp;&nbsp;Waukegan, Water & Sewer System Revenue, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/30/2022  |  | 225 | 225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/30/2023  |  | 250 | 253 |
| &nbsp;&nbsp;&nbsp;West Chicago, Park District, Ser B, GO, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/01/2022  |  | 200 | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/01/2023  |  | 220 | 220 |
|  |  |  | 43041 |
| **Indiana — 3.1%** | **Indiana — 3.1%** | **Indiana — 3.1%** |  |
| &nbsp;&nbsp;&nbsp;Evansville & Vanderburgh County, Building Authority, Lease Rental Revenue, GO, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/15/2023  |  | 200 | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/15/2023  |  | 200 | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/15/2024  |  | 250 | 250 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Fort Wayne, Redevelopment Authority, Grand Wayne Center Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/01/2025  | $| 500 | $513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2025  |  | 810 | 835 |
| &nbsp;&nbsp;&nbsp;Indiana State, Finance Authority, Indiana University Health, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 12/01/2058 (A) |  | 7150 | 7003 |
| &nbsp;&nbsp;&nbsp;Indiana State, Finance Authority, Indianapolis Power, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.950%, 12/01/2038 (A) |  | 2000 | 1746 |
| &nbsp;&nbsp;&nbsp;Indiana State, Housing & Community Development Authority, Bradford Lakes Apartments Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/01/2025 (A) |  | 3000 | 3038 |
| &nbsp;&nbsp;&nbsp;Indianapolis, Local Public Improvement Bond Bank, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2023  |  | 1400 | 1416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025  |  | 650 | 682 |
| &nbsp;&nbsp;&nbsp;Indianapolis, Local Public Improvement Bond Bank, Ser D, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  |  | 750 | 762 |
| &nbsp;&nbsp;&nbsp;Indianapolis, Local Public Improvement Bond Bank, Ser E, RB, AMBAC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/01/2025 (C) |  | 3000 | 2809 |
| &nbsp;&nbsp;&nbsp;Marion, High School Building, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/15/2023  |  | 230 | 230 |
| &nbsp;&nbsp;&nbsp;Rockport City, Indiana Pollution Control Revenue Bonds, Indiana Michigan Power Company Project, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.050%, 06/01/2025  |  | 10465 | 10492 |
| &nbsp;&nbsp;&nbsp;Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2047 (A) |  | 4865 | 4941 |
|  |  |  | 35117 |
| **Kansas — 1.0%** | **Kansas — 1.0%** | **Kansas — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;Kansas State, Department of Transportation, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.384%, 09/01/2024 (A) |  | 2500 | 2500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.284%, 09/01/2023 (A) |  | 7525 | 7529 |
| &nbsp;&nbsp;&nbsp;Kansas State, Development Finance Authority, University of Kansas Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2027  |  | 1215 | 1276 |
|  |  |  | 11305 |
| **Kentucky — 2.0%** | **Kentucky — 2.0%** | **Kentucky — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;Kentucky State, Asset Liability Commission, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  |  | 2380 | 2482 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Kentucky State, Housing Corporation, Cambridge Square Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.300%, 08/01/2024 (A) | $| 1500 | $1445 |
| &nbsp;&nbsp;&nbsp;Kentucky State, Public Energy Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2049 (A) |  | 7500 | 7454 |
| &nbsp;&nbsp;&nbsp;Kentucky State, Public Energy Authority, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2022  |  | 2000 | 2000 |
| &nbsp;&nbsp;&nbsp;Louisville & Jefferson County, Metropolitan Government & Health System, Norton Healtcare, Inc., RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2047 (A) |  | 1000 | 1011 |
| &nbsp;&nbsp;&nbsp;Mercer County, Solid Waste Disposal Facility, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.300%, 05/01/2023  |  | 6000 | 5949 |
| &nbsp;&nbsp;&nbsp;Rural, Water Financing Agency, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.400%, 05/01/2023  |  | 2135 | 2109 |
|  |  |  | 22450 |
| **Louisiana — 2.4%** | **Louisiana — 2.4%** | **Louisiana — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.167%, 05/01/2043 (A) |  | 1985 | 1926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.600%, 05/01/2043 (A) |  | 4640 | 4579 |
| &nbsp;&nbsp;&nbsp;Louisiana State, Local Government Environmental Facilities & Community Development Authority, East Baton Rouge Sewerage, Sub-Ser, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.875%, 02/01/2046 (A) |  | 2000 | 1859 |
| &nbsp;&nbsp;&nbsp;Louisiana State, Local Government Environmental Facilities & Community Development Authority, Louisiana Insurance Guaranty Association Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2026  |  | 1300 | 1389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2027  |  | 1000 | 1083 |
| &nbsp;&nbsp;&nbsp;Louisiana State, Offshore Terminal Authority, Loop LLC Project, Ser 2007A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.650%, 09/01/2027 (A) |  | 1255 | 1236 |
| &nbsp;&nbsp;&nbsp;Louisiana State, Offshore Terminal Authority, Loop LLC Project, Ser 2013C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.650%, 09/01/2034 (A) |  | 2060 | 2029 |
| &nbsp;&nbsp;&nbsp;Louisiana State, Stadium & Exposition District, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/03/2023  |  | 1500 | 1505 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;St. John the Baptist Parish, Marathon Oil Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.125%, 06/01/2037 (A) | $| 8000 | $7738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 06/01/2037 (A) |  | 3000 | 2901 |
|  |  |  | 26245 |
| **Maryland — 1.6%** | **Maryland — 1.6%** | **Maryland — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;Maryland State, Community Development Administration, South Street Senior, LLC, Ser D, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.150%, 07/01/2024  |  | 2000 | 1961 |
| &nbsp;&nbsp;&nbsp;Maryland State, Community Development Administration, Woodside Gardens, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.330%, 01/01/2024 (D) |  | 4000 | 3874 |
| &nbsp;&nbsp;&nbsp;Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2045 (A) |  | 6250 | 6499 |
| &nbsp;&nbsp;&nbsp;Maryland State, Ser A-BID, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2025  |  | 3000 | 3187 |
| &nbsp;&nbsp;&nbsp;Montgomery County, Trinity Health Credit Group Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.580%, 12/01/2041 (A) |  | 2000 | 2000 |
|  |  |  | 17521 |
| **Massachusetts — 2.1%** | **Massachusetts — 2.1%** | **Massachusetts — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;Boston, Housing Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2023  |  | 350 | 357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2025  |  | 400 | 421 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Brandeis University, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2023  |  | 2400 | 2445 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Partners Health Care System, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  |  | 2200 | 2311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.450%, 07/01/2049 (A)(D) |  | 6250 | 6187 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Salem Heights II Preservation Accociates, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 07/01/2024 (A) |  | 1000 | 982 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Springfield College, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2024  |  | 1015 | 1034 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Waste Management Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 05/01/2027 (D) |  | 2500 | 2169 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Wellforce, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  |  | 725 | 733 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Wellforce, Ser C, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2027  | $| 435 | $469 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Educational Financing Authority, Ser B, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  |  | 575 | 591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  |  | 850 | 882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  |  | 1000 | 1050 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Health & Educational Facilities Authority, Partners Health Care Project, Ser G, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.300%, 07/01/2042 (A) |  | 1325 | 1325 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Housing Finance Agency, Sustainability Bonds, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.450%, 12/01/2024  |  | 1000 | 946 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Ser B, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  |  | 1270 | 1289 |
|  |  |  | 23191 |
| **Michigan — 2.1%** | **Michigan — 2.1%** | **Michigan — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;Birmingham, School District, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2025  |  | 1080 | 1086 |
| &nbsp;&nbsp;&nbsp;Carman-Ainsworth, Community Schools, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2023  |  | 1225 | 1232 |
| &nbsp;&nbsp;&nbsp;Dearborn, School District, GO, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/01/2024  |  | 970 | 972 |
| &nbsp;&nbsp;&nbsp;Detroit, Downtown Development Authority, Catalyst Development Project, Ser A, TA, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  |  | 585 | 592 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Local Government Loan Program, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  |  | 1335 | 1354 |
| &nbsp;&nbsp;&nbsp;Michigan State, Hospital Finance Authority, Ascension Health Care Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2047 (A) |  | 3825 | 3836 |
| &nbsp;&nbsp;&nbsp;Michigan State, Housing Development Authority, Cambridge Square of Flint Apartments, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 11/01/2023 (A) |  | 3000 | 2979 |
| &nbsp;&nbsp;&nbsp;Michigan State, Housing Development Authority, Rental Housing, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.300%, 04/01/2026  |  | 6135 | 6117 |
| &nbsp;&nbsp;&nbsp;Saline, Area Schools, Ser III, GO, Q-SBLF  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2023  |  | 1035 | 1045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2024  |  | 1050 | 1083 |
| &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts, Ser 2021-XF1115, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.910%, 10/15/2051 (A)(D) |  | 300 | 300 |
| &nbsp;&nbsp;&nbsp;Wayne County, Airport Authority, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2022  |  | 1000 | 1000 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Wayne County, Airport Authority, Ser F, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2027  | $| 1900 | $1983 |
|  |  |  | 23579 |
| **Minnesota — 0.7%** | **Minnesota — 0.7%** | **Minnesota — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;Central Minnesota, Municipal Power Agency, Southern Twin Cities Transmission Project, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  |  | 285 | 292 |
| &nbsp;&nbsp;&nbsp;Minneapolis & St. Paul, Metropolitan Airports Commission, Sub-Ser B, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2023  |  | 400 | 401 |
| &nbsp;&nbsp;&nbsp;Minnesota State, Higher Education Facilities Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2025  |  | 335 | 352 |
| &nbsp;&nbsp;&nbsp;Minnesota State, Housing Finance Agency, Ser C, AMT, RB, GNMA/FNMA/FHLMC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.200%, 01/01/2027  |  | 575 | 523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.050%, 07/01/2026  |  | 1160 | 1061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.950%, 01/01/2026  |  | 1155 | 1069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.875%, 07/01/2025  |  | 1145 | 1072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.800%, 01/01/2025  |  | 570 | 540 |
| &nbsp;&nbsp;&nbsp;Minnesota State, Municipal Gas Agency, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2024  |  | 1500 | 1508 |
| &nbsp;&nbsp;&nbsp;Southern Minnesota, Municipal Power Agency, Ser A, RB, NATL  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/01/2025 (C) |  | 1400 | 1317 |
|  |  |  | 8135 |
| **Mississippi — 1.0%** | **Mississippi — 1.0%** | **Mississippi — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;Mississippi State, Business Finance, Coast Electric Power Project, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 05/01/2037 (A) |  | 5175 | 5189 |
| &nbsp;&nbsp;&nbsp;Mississippi, Development Bank Special Obligation, Mississippi Sales Tax Revenue Infrastructure Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2023  |  | 855 | 869 |
| &nbsp;&nbsp;&nbsp;Warren County, Mississippi Environmental Improvement Revenue, International Paper Co. Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.600%, 08/01/2027 (A) |  | 2000 | 1873 |
| &nbsp;&nbsp;&nbsp;Warren County, Mississippi Gulf Opportunity Zone Revenue, International Paper Co. Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.375%, 08/01/2027 (A) |  | 2500 | 2328 |
|  |  |  | 10259 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **Missouri — 1.4%** | **Missouri — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;Centeral Southwest Missouri, Ozarks Technical Community College, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2024  | $215 | $221 |
| &nbsp;&nbsp;&nbsp;Missouri State, Environmental Improvement & Energy Resources Authority, Kansas City Power & Light Company Project, Ser R, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 05/01/2038 (A) | 9650 | 9572 |
| &nbsp;&nbsp;&nbsp;Missouri State, Health & Educational Facilities Authority, Saint Lukes Health System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2026  | 510 | 542 |
| &nbsp;&nbsp;&nbsp;Missouri State, Public Utilities Commission, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 08/01/2023  | 5000 | 4907 |
|  |  | 15242 |
| **Nebraska — 0.6%** | **Nebraska — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;Gretna, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2025  | 2000 | 2081 |
| &nbsp;&nbsp;&nbsp;Nebraska State, Public Power District, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.600%, 01/01/2051 (A) | 4200 | 4142 |
|  |  | 6223 |
| **New Jersey — 6.7%** | **New Jersey — 6.7%** |  |
| &nbsp;&nbsp;&nbsp;Bayonne, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/01/2023 (C) | 1000 | 984 |
| &nbsp;&nbsp;&nbsp;Gloucester County, Improvement Authority, Rowan University Student Center Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.600%, 03/01/2024  | 500 | 479 |
| &nbsp;&nbsp;&nbsp;Hopewell, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/27/2023  | 8805 | 8918 |
| &nbsp;&nbsp;&nbsp;New Jersey State, COVID-19 Emergency Bonds, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2023  | 1000 | 1007 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, American Water Company, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.150%, 06/01/2023  | 1000 | 989 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, American Water Company, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 06/01/2023  | 1300 | 1284 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Municipal Rehabilitation, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 04/01/2026 (A) | 3500 | 3735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 04/01/2027 (A) | 3320 | 3598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2023  | 455 | 460 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Portal North Bridge Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2023  | $760 | $775 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, School Facilities Construction Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2025  | 1590 | 1598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.100%, 09/01/2025 (A) | 1050 | 1053 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, School Facilities Construction Project, Ser GGG, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 09/01/2023 (D) | 3500 | 3563 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Transit Corp. Project, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  | 14780 | 15324 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  | 2850 | 2965 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Housing & Mortgage Finance Agency, New Brunswick Apartments, Ser C2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 02/01/2025 (A) | 5620 | 5561 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2024  | 3000 | 3117 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2025  | 2000 | 2021 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 12/15/2022  | 1000 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/15/2023  | 1345 | 1378 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2023  | 500 | 511 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Turnpike Authority, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.484%, 01/01/2023 (A) | 2665 | 2665 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Turnpike Authority, Ser D1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.584%, 01/01/2024 (A) | 1550 | 1556 |
| &nbsp;&nbsp;&nbsp;Newark, Board of Education, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2024  | 600 | 620 |
| &nbsp;&nbsp;&nbsp;Newark, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/15/2024  | 1000 | 1036 |
| &nbsp;&nbsp;&nbsp;Newark, Ser A, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2024  | 1500 | 1556 |
| &nbsp;&nbsp;&nbsp;Newark, Ser B, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2024  | 1060 | 1099 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Newark, Ser D, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/29/2023  | $| 1500 | $1508 |
| &nbsp;&nbsp;&nbsp;Passaic, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2024  |  | 695 | 719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2025  |  | 700 | 737 |
| &nbsp;&nbsp;&nbsp;Tobacco Settlement Financing, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2023  |  | 1250 | 1261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2024  |  | 3000 | 3078 |
|  |  |  | 76156 |
| **New Mexico — 0.1%** | **New Mexico — 0.1%** | **New Mexico — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;Santa Fe, Public School District, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2024  |  | 600 | 613 |
| **New York — 12.8%** | **New York — 12.8%** | **New York — 12.8%** |  |
| &nbsp;&nbsp;&nbsp;Amherst, Industrial Development Agency, RB, FHA/GNMA  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.900%, 04/01/2026 (A) |  | 3535 | 3569 |
| &nbsp;&nbsp;&nbsp;Canastota, Central School District, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/28/2023  |  | 1100 | 1107 |
| &nbsp;&nbsp;&nbsp;Connetquot, Central School District of Islip, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/28/2023  |  | 17975 | 18079 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank Spears, Tender Option Bond Trust Receipts, Ser DBE-8063, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 10/01/2045 (A)(B)(D) |  | 1945 | 1945 |
| &nbsp;&nbsp;&nbsp;Greater Southern Tier, Board of Cooperative Educational Services District, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/30/2023  |  | 10655 | 10696 |
| &nbsp;&nbsp;&nbsp;Kenmore-Tonawanda, Union Free School District, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/28/2023  |  | 3855 | 3877 |
| &nbsp;&nbsp;&nbsp;Long Island, Power Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.634%, 05/01/2033 (A) |  | 250 | 250 |
| &nbsp;&nbsp;&nbsp;Long Island, Power Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2024  |  | 1245 | 1294 |
| &nbsp;&nbsp;&nbsp;Long Island, Power Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.650%, 09/01/2049 (A) |  | 2945 | 2844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.850%, 09/01/2050 (A) |  | 2000 | 1822 |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Ser 2012G, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.300%, 11/01/2032 (A)(B) |  | 7200 | 7200 |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Ser A, RB, BAN  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2023  |  | 2100 | 2106 |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Ser D, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.883%, 11/01/2035 (A) |  | 2700 | 2634 |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Sub-Ser, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.109%, 11/01/2032 (A) |  | 1000 | 982 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Monroe County, Industrial Development, Rochester Regional Health Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2022  | $400 | $400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2023  | 400 | 406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  | 550 | 566 |
| &nbsp;&nbsp;&nbsp;New York & New Jersey, Port Authority, Ser 226, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2025  | 2000 | 2089 |
| &nbsp;&nbsp;&nbsp;New York City, Health & Hospitals, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2024  | 740 | 760 |
| &nbsp;&nbsp;&nbsp;New York City, Housing Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.100%, 11/01/2059 (A) | 12500 | 12101 |
| &nbsp;&nbsp;&nbsp;New York City, Housing Development Authority, RB, FHA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.600%, 05/01/2061 (A) | 3000 | 2766 |
| &nbsp;&nbsp;&nbsp;New York City, Housing Development Authority, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 11/01/2058 (A) | 440 | 438 |
| &nbsp;&nbsp;&nbsp;New York City, Industrial Development Agency, Sustainability Bonds, Queens Baseball Stadium Project, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  | 750 | 766 |
| &nbsp;&nbsp;&nbsp;New York City, Ser 3-REM, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.050%, 04/01/2042 (A) | 1500 | 1500 |
| &nbsp;&nbsp;&nbsp;New York City, Ser C, GO, AGC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.690%, 10/01/2027 (A) | 4275 | 4275 |
| &nbsp;&nbsp;&nbsp;New York City, Sub-Ser A-4, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.650%, 08/01/2026 (A) | 1450 | 1450 |
| &nbsp;&nbsp;&nbsp;New York City, Water & Sewer System, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.050%, 06/15/2033 (A) | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2024  | 4645 | 4847 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 1025 | 1063 |
| &nbsp;&nbsp;&nbsp;New York State, Housing Finance Agency, Sustainability Bonds, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.950%, 05/01/2025  | 2110 | 1955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.850%, 11/01/2024  | 3890 | 3676 |
| &nbsp;&nbsp;&nbsp;New York State, Housing Finance Agency, Sustainability Bonds, Ser J, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.750%, 05/01/2025  | 3500 | 3278 |
| &nbsp;&nbsp;&nbsp;New York State, Housing Finance Agency, Sustainability Bonds, Ser P, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.600%, 11/01/2024  | 5000 | 4824 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, Terminal 4 JFK International Airport, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2022  | $250 | $250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2023  | 1215 | 1232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  | 1000 | 1037 |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, Terminal 4 JFK International Airport, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2023  | 1800 | 1833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  | 900 | 932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  | 800 | 839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  | 1000 | 1041 |
| &nbsp;&nbsp;&nbsp;New York State, Urban Development, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2023 (F) | 1370 | 1380 |
| &nbsp;&nbsp;&nbsp;Nuveen, New York AMT-Free Quality Municipal Income Fund, Tax Exempt  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.300%, 05/01/2047 (A)(D) | 4000 | 4000 |
| &nbsp;&nbsp;&nbsp;Onondaga County, Industrial Development Agency, Baldwinsville Senior Housing Preservation Project, Ser Senior HSG, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2024 (A) | 5950 | 5983 |
| &nbsp;&nbsp;&nbsp;Oyster Bay, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/09/2023  | 4000 | 4007 |
| &nbsp;&nbsp;&nbsp;South Huntington, Union Free School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/28/2023  | 2345 | 2359 |
| &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts, Ser 2021-XF1125, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.910%, 05/15/2051 (A)(D) | 200 | 200 |
| &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts, Ser 2021-XG0321, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.910%, 03/15/2048 (A)(D) | 1503 | 1503 |
| &nbsp;&nbsp;&nbsp;Triborough, Bridge & Tunnel Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2024  | 5 | 5 |
| &nbsp;&nbsp;&nbsp;Triborough, Bridge & Tunnel Authority, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2050 (A) | 3000 | 3181 |
| &nbsp;&nbsp;&nbsp;Utility Debt Securitization Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2026  | 525 | 544 |
| &nbsp;&nbsp;&nbsp;Yonkers, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2023  | 1000 | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/15/2023  | 265 | 266 |
| &nbsp;&nbsp;&nbsp;Yonkers, Ser A, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2024  | 565 | 588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2025  | 750 | 794 |
| &nbsp;&nbsp;&nbsp;Yonkers, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/15/2023  | 280 | 281 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Yonkers, Ser B, GO, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2023  | $| 690 | $704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2024  |  | 500 | 521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2025  |  | 500 | 530 |
|  |  |  | 141593 |
| **North Carolina — 2.1%** | **North Carolina — 2.1%** | **North Carolina — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;Charlotte-Mecklenburg, Hospital Authority, Ser E, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.800%, 01/15/2048 (A) |  | 1000 | 940 |
| &nbsp;&nbsp;&nbsp;Columbus County, Industrial Facilities & Pollution Control Financing Authority, Internal Paper Company Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.375%, 05/01/2034 (A) |  | 1000 | 931 |
| &nbsp;&nbsp;&nbsp;North Carolina State, Housing Finance Agency, Ser 47, RB, GNMA/FNMA/FHLMC  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.250%, 01/01/2024  |  | 1930 | 1874 |
| &nbsp;&nbsp;&nbsp;North Carolina State, Turnpike Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2024  |  | 18625 | 19064 |
|  |  |  | 22809 |
| **North Dakota — 0.2%** | **North Dakota — 0.2%** | **North Dakota — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;Cass County, Joint Water Resource District, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.480%, 05/01/2024  |  | 1000 | 951 |
| &nbsp;&nbsp;&nbsp;Larimore, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.850%, 05/01/2024  |  | 1700 | 1622 |
|  |  |  | 2573 |
| **Ohio — 3.4%** | **Ohio — 3.4%** | **Ohio — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;Allen County, Hospital Facilities Revenue, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2049 (A) |  | 3500 | 3789 |
| &nbsp;&nbsp;&nbsp;American Municipal Power, Columbus Pioneer Village, BAN  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 12/01/2022  |  | 315 | 315 |
| &nbsp;&nbsp;&nbsp;American Municipal Power, Combined Hydroelectric Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2023  |  | 1000 | 1005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 02/15/2048 (A) |  | 1465 | 1404 |
| &nbsp;&nbsp;&nbsp;American Municipal Power, Freemont Energy Center Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2023  |  | 500 | 502 |
| &nbsp;&nbsp;&nbsp;American Municipal Power, Prairie State Energy Campus, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2024  |  | 980 | 1006 |
| &nbsp;&nbsp;&nbsp;American Municipal Power, Wapakoneta Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 06/22/2023  |  | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;Cleveland, Airport System Revenue, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2025  |  | 910 | 938 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Coshocton County, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 07/07/2023  | $1000 | $998 |
| &nbsp;&nbsp;&nbsp;Dayton, School District, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/01/2025  | 170 | 170 |
| &nbsp;&nbsp;&nbsp;Fairview Park, City School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/01/2022 (C) | 515 | 515 |
| &nbsp;&nbsp;&nbsp;Lancaster, Port Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2049 (A) | 3700 | 3790 |
| &nbsp;&nbsp;&nbsp;Lorain County, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 05/03/2023  | 1455 | 1453 |
| &nbsp;&nbsp;&nbsp;Newark, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/26/2023  | 1000 | 1007 |
| &nbsp;&nbsp;&nbsp;Ohio State, Air Quality Development Authority, American Electric Company, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 12/01/2027 (A) | 3000 | 2888 |
| &nbsp;&nbsp;&nbsp;Ohio State, Air Quality Development Authority, Duke Energy, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 11/01/2039 (A) | 1500 | 1492 |
| &nbsp;&nbsp;&nbsp;Ohio State, Cleveland Clinic Health System Obligated Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 01/01/2052 (A) | 3000 | 3000 |
| &nbsp;&nbsp;&nbsp;Ohio State, Higher Educational Facility Commission, Xavier University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2023  | 390 | 394 |
| &nbsp;&nbsp;&nbsp;Ohio State, Housing Finance Agency, Post Oak Station, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.350%, 07/01/2025 (A) | 2865 | 2847 |
| &nbsp;&nbsp;&nbsp;Ohio State, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2024  | 600 | 622 |
| &nbsp;&nbsp;&nbsp;Ohio State, University Hospital Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2023  | 200 | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2024  | 200 | 205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.200%, 01/15/2049 (A) | 1500 | 1500 |
| &nbsp;&nbsp;&nbsp;Ohio State, University Hospital Project, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2039 (A) | 1275 | 1298 |
| &nbsp;&nbsp;&nbsp;Port of Greater Cincinnati, Development Authority, Convention Center Hotel Acquisition & Demolition Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/01/2023  | 5000 | 4978 |
| &nbsp;&nbsp;&nbsp;Sandusky, Ohio Justice Center Construction, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/07/2023  | 1000 | 1009 |
|  |  | 38328 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **Oklahoma — 0.9%** | **Oklahoma — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;Oklahoma State, Development Finance Authority, Gilcrease Expressway West Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.625%, 07/06/2023  | $3340 | $3282 |
| &nbsp;&nbsp;&nbsp;Oklahoma State, Development Finance Authority, Integris Obligated Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.400%, 08/15/2031 (A) | 800 | 800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.320%, 08/15/2031 (A) | 2110 | 2110 |
| &nbsp;&nbsp;&nbsp;Osage County, Industrial Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 09/01/2023  | 2000 | 1976 |
| &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts, Ser 2020-XF2884, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.890%, 09/01/2045 (A)(B)(D) | 1365 | 1365 |
|  |  | 9533 |
| **Oregon — 0.9%** | **Oregon — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;Deschutes & Jefferson Counties, School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/15/2024 (C) | 470 | 449 |
| &nbsp;&nbsp;&nbsp;Gilliam County, Solid Waste Disposal, Waste Management Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/01/2025 (A) | 4400 | 4394 |
| &nbsp;&nbsp;&nbsp;Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/15/2025 (C) | 1655 | 1536 |
| &nbsp;&nbsp;&nbsp;Oregon State, Business Development Commission, Intel Corporation Project, Ser 232-RE, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.400%, 12/01/2040 (A) | 4000 | 3970 |
| &nbsp;&nbsp;&nbsp;Port of Morrow, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2023  | 300 | 302 |
| &nbsp;&nbsp;&nbsp;Port of Portland, Airport Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  | 275 | 279 |
| &nbsp;&nbsp;&nbsp;Salem Hospital, Facility Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2025  | 130 | 130 |
|  |  | 11060 |
| **Pennsylvania — 5.3%** | **Pennsylvania — 5.3%** |  |
| &nbsp;&nbsp;&nbsp;Allegheny County, Hospital Development Authority, University of Pittsburgh Medical Center, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2023  | 1315 | 1333 |
| &nbsp;&nbsp;&nbsp;Allegheny County, Hospital Development Authority, University of Pittsburgh Medical Center, Ser D2-B-REMK, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.270%, 11/15/2024 (A) | 1000 | 991 |
| &nbsp;&nbsp;&nbsp;Allegheny County, Hospital Development Authority, University of Pittsburgh Medical Center, Ser Senior D2-E-REMK, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.600%, 11/15/2047 (A) | 3000 | 2918 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Bethlehem, School District Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.909%, 07/01/2031 (A) | $965 | $933 |
| &nbsp;&nbsp;&nbsp;Central Bradford, Progress Authority, Guthrie Clinic Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.420%, 12/01/2041 (A) | 1165 | 1165 |
| &nbsp;&nbsp;&nbsp;Kiski, School District, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2024  | 550 | 566 |
| &nbsp;&nbsp;&nbsp;Lackawanna County, Industrial Development Authority, Scranton University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  | 250 | 259 |
| &nbsp;&nbsp;&nbsp;Lehigh County, General Purpose Authority, Lehigh Valley Academy, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2024  | 600 | 604 |
| &nbsp;&nbsp;&nbsp;Lehigh County, Industrial Development Authority, PPL Electric Utilities, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.625%, 02/15/2027  | 1000 | 965 |
| &nbsp;&nbsp;&nbsp;New Hampshire State, Health & Education Facilities Authority Act, Elliot Hospital, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 11/01/2035 (A) | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;Parkland, School District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/01/2025  | 100 | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 02/01/2023  | 200 | 200 |
| &nbsp;&nbsp;&nbsp;Pennsbury, School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2024  | 1260 | 1287 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Economic Development Financing Authority, PPL Electric Utilities, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.400%, 10/01/2023  | 1700 | 1651 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Economic Development Financing Authority, Republic Services Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 06/01/2044 (A) | 1750 | 1750 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Economic Development Financing Authority, Waste Management Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 06/01/2041 (A) | 500 | 481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 08/01/2038 (A) | 7250 | 6945 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2024  | 2750 | 2871 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Higher Educational Facilities Authority, Abington Memorial Hospital Obligation Group, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2023  | 6140 | 6216 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Housing Finance Agency, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 07/01/2024 (A) | 4000 | 3960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 02/01/2025 (A) | 4000 | 3904 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Housing Finance Agency, Ser 120, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.350%, 04/01/2027  | 1295 | 1230 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.810%, 12/01/2039 (A)(B) | $| 700 | $700 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2024  |  | 1535 | 1575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2025  |  | 820 | 843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.450%, 12/01/2023 (A) |  | 2500 | 2500 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Ser A, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/15/2025  |  | 1000 | 1066 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Ser A-2, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  |  | 35 | 37 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Airport Revenue, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  |  | 1470 | 1518 |
| &nbsp;&nbsp;&nbsp;Philadelphia, School District, Ser 2020, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2023  |  | 3000 | 3053 |
| &nbsp;&nbsp;&nbsp;Pittsburgh, Water & Sewer Authority, Ser C, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/01/2040 (A) |  | 2000 | 1998 |
| &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania, General Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2023  |  | 135 | 136 |
| &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts, Ser 2020-XF2885, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.890%, 09/01/2037 (A)(B)(D) |  | 1250 | 1250 |
| &nbsp;&nbsp;&nbsp;University of Pittsburgh, Commonwealth System of Higher Education, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.210%, 02/15/2024 (A) |  | 2850 | 2849 |
| &nbsp;&nbsp;&nbsp;Wilkes-Barre, Finance Authority, University of Scranton, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  |  | 475 | 492 |
|  |  |  | 59349 |
| **Puerto Rico — 0.0%** | **Puerto Rico — 0.0%** | **Puerto Rico — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Industrial Tourist Educational Medical & Enviromental Control Facilities Financing Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  |  | 140 | 144 |
| **Rhode Island — 0.5%** | **Rhode Island — 0.5%** | **Rhode Island — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;Rhode Island State, Health & Educational Building, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/15/2023  |  | 2000 | 2015 |
| &nbsp;&nbsp;&nbsp;Rhode Island State, Housing & Mortgage Finance, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.450%, 10/01/2040 (A) |  | 750 | 730 |
| &nbsp;&nbsp;&nbsp;Rhode Island State, Student Loan Authority, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2023  |  | 2475 | 2478 |
|  |  |  | 5223 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **South Carolina — 0.5%** | **South Carolina — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;South Carolina, Ports Authority, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | $525 | $540 |
| &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts, Ser 2022-XG0419, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.970%, 12/01/2052 (A)(D) | 5000 | 5000 |
|  |  | 5540 |
| **Tennessee — 0.4%** | **Tennessee — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;Greeneville, Health & Educational Facilities Board, Ballad Health Obligation Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 1000 | 1012 |
| &nbsp;&nbsp;&nbsp;Knox County, Health Educational & Housing Facility Board, Westview Towers Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.950%, 12/01/2027 (A) | 500 | 503 |
| &nbsp;&nbsp;&nbsp;Tennergy, Gas Revenue, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 12/01/2027  | 750 | 781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/01/2026  | 700 | 720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2024  | 500 | 503 |
| &nbsp;&nbsp;&nbsp;Tennessee State, Energy Acquisition, Gas Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2048 (A) | 785 | 786 |
|  |  | 4305 |
| **Texas — 10.0%** | **Texas — 10.0%** |  |
| &nbsp;&nbsp;&nbsp;Alvin, Independent School District, Ser B, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.450%, 02/15/2036 (A) | 2000 | 1971 |
| &nbsp;&nbsp;&nbsp;Arlington, Housing Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 11/01/2043 (A) | 11000 | 11017 |
| &nbsp;&nbsp;&nbsp;Beaumont, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2024  | 265 | 273 |
| &nbsp;&nbsp;&nbsp;Cameron County, Housing Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 12/01/2024 (A) | 1000 | 999 |
| &nbsp;&nbsp;&nbsp;Central Texas, Regional Mobility Authority, Ser F, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2025  | 1500 | 1538 |
| &nbsp;&nbsp;&nbsp;Clear Creek, Independent School District, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.280%, 02/15/2038 (A) | 1000 | 943 |
| &nbsp;&nbsp;&nbsp;Clifton, Higher Education Finance, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2024  | 350 | 360 |
| &nbsp;&nbsp;&nbsp;Coastal Bend, Health Facilities, Ser B, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.700%, 07/01/2031 (A) | 2125 | 2125 |
| &nbsp;&nbsp;&nbsp;Cypress-Fairbanks, Independent School District, Ser B, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.280%, 02/15/2040 (A) | 1435 | 1373 |
| &nbsp;&nbsp;&nbsp;Dallas, Hotel Occupancy Tax Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2024  | 505 | 522 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Dallas-Fort Worth, International Airport Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  | $1500 | $1559 |
| &nbsp;&nbsp;&nbsp;Dallas-Fort Worth, International Airport Revenue, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  | 1000 | 1040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2026  | 1250 | 1348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  | 1750 | 1911 |
| &nbsp;&nbsp;&nbsp;Denton, Independent School District, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 08/01/2043 (A) | 1985 | 1977 |
| &nbsp;&nbsp;&nbsp;East Downtown, Redevelopment Authority, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2023  | 390 | 396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2025  | 295 | 307 |
| &nbsp;&nbsp;&nbsp;Fort Bend, Independent School District, Ser B, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.875%, 08/01/2050 (A) | 780 | 724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.720%, 08/01/2051 (A) | 860 | 771 |
| &nbsp;&nbsp;&nbsp;Galveston, Public Facility, The Oleanders at Broadway, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.470%, 08/01/2025 (A) | 1500 | 1419 |
| &nbsp;&nbsp;&nbsp;Georgetown, Independent School District, Ser B-REMK, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 08/01/2044 (A) | 1280 | 1276 |
| &nbsp;&nbsp;&nbsp;Hale Center, Education Facilities, Wayland Baptist University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2023  | 455 | 457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2024  | 850 | 866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2025  | 450 | 462 |
| &nbsp;&nbsp;&nbsp;Harlandale, Independent School District, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 08/15/2040 (A) | 3135 | 3086 |
| &nbsp;&nbsp;&nbsp;Harris County, Cultural Education Facilities Finance, Memorial Hermann Health System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2032 (A) | 1625 | 1684 |
| &nbsp;&nbsp;&nbsp;Harris County, Cultural Education Facilities Finance, Texas Medical Center, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.900%, 05/15/2050 (A) | 1000 | 924 |
| &nbsp;&nbsp;&nbsp;Harris County, Health Facilities Development, Christus Health Project, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.650%, 07/01/2031 (A) | 2800 | 2800 |
| &nbsp;&nbsp;&nbsp;Housing Synergy PFC, Multifamily Housing, Villages of Westlake Apartments, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 08/01/2025 (A) | 1753 | 1753 |
| &nbsp;&nbsp;&nbsp;Houston, Airport System Revenue, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  | 1500 | 1520 |
| &nbsp;&nbsp;&nbsp;Houston, Independent School District, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 06/01/2039 (A) | 9590 | 9486 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Irving, Hospital Authority, Baylor Scott & White Medical Center, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.950%, 10/15/2044 (A) | $1275 | $1275 |
| &nbsp;&nbsp;&nbsp;Katy, Independent School District, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 08/15/2050 (A) | 1000 | 975 |
| &nbsp;&nbsp;&nbsp;Kilgore, Independent School District, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 02/15/2052 (A) | 2190 | 2111 |
| &nbsp;&nbsp;&nbsp;Midland County, Public Facility, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.350%, 06/01/2024 (A) | 1000 | 985 |
| &nbsp;&nbsp;&nbsp;Midlothian, Independent School District, Ser C, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 08/01/2051 (A) | 2000 | 1954 |
| &nbsp;&nbsp;&nbsp;New Caney, Independent School District, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 02/15/2050 (A) | 1305 | 1260 |
| &nbsp;&nbsp;&nbsp;North Hays County, Municipal Utility District No. 1, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/15/2023  | 315 | 316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/15/2024  | 325 | 326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/15/2025  | 335 | 335 |
| &nbsp;&nbsp;&nbsp;North Texas, Tollway Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2023  | 185 | 185 |
| &nbsp;&nbsp;&nbsp;North Texas, Tollway Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  | 1450 | 1484 |
| &nbsp;&nbsp;&nbsp;North Texas, Tollway Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2025  | 2205 | 2209 |
| &nbsp;&nbsp;&nbsp;Odessa, Housing Finance, Vera Odessa Apartment Project, RB, FHA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.350%, 09/01/2023 (A) | 1500 | 1489 |
| &nbsp;&nbsp;&nbsp;Odessa, Junior College District, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2024  | 325 | 331 |
| &nbsp;&nbsp;&nbsp;Port Arthur, Port Authority, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2026  | 200 | 213 |
| &nbsp;&nbsp;&nbsp;Prosper, Independent School District, GO, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/15/2053 (A) | 3045 | 3033 |
| &nbsp;&nbsp;&nbsp;San Antonio, Electric & Gas Systems Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.370%, 02/01/2048 (A) | 2500 | 2500 |
| &nbsp;&nbsp;&nbsp;San Antonio, Electric & Gas Systems Revenue, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 02/01/2033 (A) | 8705 | 8473 |
| &nbsp;&nbsp;&nbsp;San Antonio, Housing Trust Finance, Echo East Apartments, Ser A, RB, FNMA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 05/01/2024  | 1190 | 1152 |
| &nbsp;&nbsp;&nbsp;San Antonio, Water System, Ser 2013F-REMK, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 05/01/2043 (A) | 1120 | 995 |
| &nbsp;&nbsp;&nbsp;San Antonio, Water System, Ser B-REM, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 05/01/2044 (A) | 6850 | 6819 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;San Antonio, Water System, Ser Junior A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.625%, 05/01/2049 (A) | $| 1900 | $1896 |
| &nbsp;&nbsp;&nbsp;Tarrant County, Cultural Education Facilities Finance, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2052 (A) |  | 1000 | 1057 |
| &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts, Ser 2021-MS0002, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.150%, 06/15/2056 (A)(B)(D) |  | 5000 | 5000 |
| &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts, Ser 2021-XF1109, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.150%, 07/01/2061 (A)(D) |  | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;Texas State, Department of Housing & Community Affairs, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.700%, 08/01/2040 (A) |  | 1830 | 1792 |
| &nbsp;&nbsp;&nbsp;Texas State, Municipal Gas Acquisition & Supply I, Ser Senior B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.906%, 12/15/2026 (A) |  | 1405 | 1378 |
| &nbsp;&nbsp;&nbsp;Texas State, Municipal Gas Acquisition & Supply II, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.863%, 09/15/2027 (A) |  | 3060 | 2918 |
| &nbsp;&nbsp;&nbsp;Texas State, Municipal Gas Acquisition & Supply III, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2022  |  | 1800 | 1801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2023  |  | 500 | 506 |
| &nbsp;&nbsp;&nbsp;Texas State, Municipal Power Agency, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 09/01/2023  |  | 1400 | 1403 |
| &nbsp;&nbsp;&nbsp;Williamson County, Municipal Utility District No. 19a, Ser A, GO, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 08/15/2023  |  | 235 | 238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 08/15/2024  |  | 245 | 252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 08/15/2025  |  | 250 | 261 |
|  |  |  | 114809 |
| **Utah — 0.0%** | **Utah — 0.0%** | **Utah — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;Vineyard Redevelopment Agency, TA, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2023  |  | 400 | 404 |
| **Virginia — 1.8%** | **Virginia — 1.8%** | **Virginia — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;Chesapeake Bay, Bridge & Tunnel District, RB, BAN  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2023  |  | 2000 | 2034 |
| &nbsp;&nbsp;&nbsp;Halifax County, Industrial Development Authority, Virginia Electric & Power Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.650%, 12/01/2041 (A) |  | 2000 | 1927 |
| &nbsp;&nbsp;&nbsp;Louisa, Industrial Development Authority, Virginia Electric & Power Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.650%, 11/01/2035 (A) |  | 5500 | 5299 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Louisa, Industrial Development Authority, Virginia Electric & Power Project, Ser 2008A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.900%, 11/01/2035 (A) | $| 6050 | $5987 |
| &nbsp;&nbsp;&nbsp;Mizuho Floater, Ser 2020-MIZ9025, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.470%, 11/01/2035 (A)(B)(D) |  | 4300 | 4300 |
|  |  |  | 19547 |
| **Washington — 1.0%** | **Washington — 1.0%** | **Washington — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;Central Puget Sound, Regional Transit Authority, Motor Vehicle Sales & Use Tax, Ser 2015S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.050%, 11/01/2045 (A) |  | 6000 | 5833 |
| &nbsp;&nbsp;&nbsp;Central Puget Sound, Regional Transit Authority, Motor Vehicle Sales & Use Tax, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.300%, 11/01/2045 (A) |  | 1525 | 1525 |
| &nbsp;&nbsp;&nbsp;Port of Seattle, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2026  |  | 1500 | 1587 |
| &nbsp;&nbsp;&nbsp;Port of Seattle, Ser D, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2024  |  | 1500 | 1538 |
| &nbsp;&nbsp;&nbsp;Seattle, Housing Authority, Northgate Plaza Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 06/01/2026  |  | 1000 | 918 |
| &nbsp;&nbsp;&nbsp;Washington State, Higher Education Facilities Authority, Seattle University Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2023  |  | 125 | 126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2024  |  | 160 | 164 |
| &nbsp;&nbsp;&nbsp;Washington State, Ser R-C, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  |  | 1515 | 1536 |
|  |  |  | 13227 |
| **West Virginia — 1.1%** | **West Virginia — 1.1%** | **West Virginia — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;West Virginia, Economic Development Authority, Appalachian Power Amos Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.550%, 03/01/2040 (A) |  | 2515 | 2460 |
| &nbsp;&nbsp;&nbsp;West Virginia, Economic Development Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 12/01/2042 (A) |  | 10000 | 9859 |
|  |  |  | 12319 |
| **Wisconsin — 3.4%** | **Wisconsin — 3.4%** | **Wisconsin — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;Clayton Town, Winnebago County, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 06/01/2026  |  | 1155 | 1081 |
| &nbsp;&nbsp;&nbsp;Fort Atkinson, School District, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/22/2023  |  | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;Precision Metalforming Association, Levy & Aid Anticipation Notes Program, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/01/2023  |  | 1000 | 1004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/19/2023  |  | 1000 | 1005 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Precision Metalforming Association, Levy & Aid Anticipation Notes Program, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/05/2023  | $| 550 | $552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/24/2023  |  | 500 | 504 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, Marshfield Clinic Health System, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.420%, 02/15/2053 (A) |  | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Housing & Economic Development Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.700%, 09/01/2025  |  | 1245 | 1160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.650%, 03/01/2025  |  | 1700 | 1603 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Housing & Economic Development Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.500%, 11/01/2050 (A) |  | 600 | 563 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Duke Energy Progress Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.300%, 10/01/2046 (A) |  | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Waste Management Inc. Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.100%, 07/01/2029 (A) |  | 10550 | 9385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.100%, 04/01/2033 (A) |  | 3000 | 2669 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Ser 1, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2024  |  | 6500 | 6684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2027  |  | 8425 | 9228 |
|  |  |  | 38440 |
| **Multi-State — 0.7%** | **Multi-State — 0.7%** | **Multi-State — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase Putters, Ser 5027, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.030%, 03/20/2024 (A)(D) |  | 8000 | 8000 |
| Total Municipal Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,139,084) ($ Thousands) |  |  | 1113957 |
| **COMMERCIAL PAPER — 1.8%** | **COMMERCIAL PAPER — 1.8%** | **COMMERCIAL PAPER — 1.8%** | **COMMERCIAL PAPER — 1.8%** |
| &nbsp;&nbsp;&nbsp;North Texas, Municipal Water District |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.400%, 12/15/2022 (G) |  | 5125 | 5126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.400%, 12/15/2022 (G) |  | 5000 | 5001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.400%, 12/15/2022 (G) |  | 4555 | 4556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.350%, 12/15/2022 (G) |  | 5350 | 5352 |
| Total Commercial Paper | Total Commercial Paper | Total Commercial Paper |  |
| &nbsp;&nbsp;&nbsp;(Cost $20,030) ($ Thousands) | &nbsp;&nbsp;&nbsp;(Cost $20,030) ($ Thousands) | &nbsp;&nbsp;&nbsp;(Cost $20,030) ($ Thousands) | 20035 |
| Total Investments in Securities — 101.1% |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,159,114) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $1,159,114) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $1,159,114) ($ Thousands)  | $1133992 |

---

Percentages are based on Net Assets of $1,121,913 ($ Thousands).<br>

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Short Duration Municipal Fund** (Concluded)

(A) 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.

(B) Securities are held in connection with a letter of credit issued by a major bank.

(C) Zero coupon security.

(D) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On November 30, 2022, the value of these securities amounted to $54,288 ($ Thousands), representing 4.8% of the Net Assets of the Fund.

(E) Security is escrowed to maturity.

(F) Pre-Refunded Securities — The maturity date shown is the pre-refunded date.

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

As of November 30, 2022, all of the Fund's investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.<br>

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund's most recent financial statements.

See "Glossary" for abbreviations.

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**California Municipal Bond Fund** 

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS — 97.4%** | **MUNICIPAL BONDS — 97.4%** | **MUNICIPAL BONDS — 97.4%** |
| **California — 97.4%** | **California — 97.4%** |  |
| &nbsp;&nbsp;&nbsp;ABAG, Finance Authority for Nonprofit, Windemere Ranch Infrastructure Project, Ser A, Special Tax, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/02/2024  | $1390 | $1445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/02/2025  | 990 | 1049 |
| &nbsp;&nbsp;&nbsp;Anaheim, Housing & Public Improvements Authority, Electric Utility Generation System Improvements, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2034  | 1000 | 1091 |
| &nbsp;&nbsp;&nbsp;Anaheim, Redevelopment Agency Successor Agency, Ser A, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2027  | 2000 | 2179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2028  | 4000 | 4431 |
| &nbsp;&nbsp;&nbsp;Bakersfield, Wastewater Revenue, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/15/2029  | 1250 | 1331 |
| &nbsp;&nbsp;&nbsp;California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/01/2052 (A) | 5000 | 4933 |
| &nbsp;&nbsp;&nbsp;California State, Educational Facilities Authority, Chapman University Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2029  | 400 | 446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2030  | 425 | 477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2031  | 470 | 533 |
| &nbsp;&nbsp;&nbsp;California State, Educational Facilities Authority, Occidental College Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2025  | 400 | 425 |
| &nbsp;&nbsp;&nbsp;California State, Educational Facilities Authority, Pepperdine University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2026  | 650 | 691 |
| &nbsp;&nbsp;&nbsp;California State, Educational Facilities Authority, University of Redlands Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2023 (B) | 830 | 847 |
| &nbsp;&nbsp;&nbsp;California State, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2026  | 6000 | 6517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  | 3000 | 3257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2028  | 2665 | 2944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2031  | 5000 | 5510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2031  | 7500 | 8732 |
| &nbsp;&nbsp;&nbsp;California State, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 08/01/2032  | 2000 | 2414 |
| &nbsp;&nbsp;&nbsp;California State, Health Facilities Financing Authority, Children's Hospital of Orange County, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  | 1500 | 1652 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;California State, Health Facilities Financing Authority, City of Hope Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2027  | $1200 | $1237 |
| &nbsp;&nbsp;&nbsp;California State, Health Facilities Financing Authority, City of Hope Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2024  | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser 2006-C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2041 (A) | 4000 | 4539 |
| &nbsp;&nbsp;&nbsp;California State, Health Facilities Financing Authority, St. Joseph Health System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2039 (A) | 1500 | 1640 |
| &nbsp;&nbsp;&nbsp;California State, Health Facilities Financing Authority, Stanford Health Care, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/15/2054 (A) | 2000 | 1998 |
| &nbsp;&nbsp;&nbsp;California State, Health Facilities Financing Authority, Stanford Health Care, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2027  | 1000 | 1112 |
| &nbsp;&nbsp;&nbsp;California State, Health Facilities Financing Authority, Sutter Health Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2026  | 500 | 540 |
| &nbsp;&nbsp;&nbsp;California State, Housing Finance Agency, Ser 2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/20/2033  | 954 | 926 |
| &nbsp;&nbsp;&nbsp;California State, Housing Finance Agency, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 01/15/2035  | 1427 | 1385 |
| &nbsp;&nbsp;&nbsp;California State, Infrastructure & Economic Development Bank, Academy Motion Picture Art, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2030  | 3000 | 3486 |
| &nbsp;&nbsp;&nbsp;California State, Infrastructure & Economic Development Bank, Academy Motion Picture Art, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2029  | 2125 | 2435 |
| &nbsp;&nbsp;&nbsp;California State, Infrastructure & Economic Development Bank, National Charter School Revolving Loan Fund, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2031  | 535 | 586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2032  | 850 | 933 |
| &nbsp;&nbsp;&nbsp;California State, Infrastructure & Economic Development Bank, Walt Disney Family Museum, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2024  | 500 | 513 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Biola University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2024  | 1110 | 1143 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**California Municipal Bond Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Community Medical Centers, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2025  | $1000 | $1031 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Eisenhower Medical Center, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 500 | 517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 1170 | 1235 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Eisenhower Medical Center, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 450 | 469 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Humangood Obligation Group, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2029  | 1260 | 1269 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Linxs APM Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/31/2028  | 1000 | 1053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/30/2029  | 1300 | 1368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/31/2029  | 1000 | 1052 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Orange County Civic Center Infrastructure Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025  | 500 | 527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2026  | 310 | 333 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2029  | 700 | 764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2030  | 900 | 991 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, UCR North District, Phase 1 Student Project, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2026  | 500 | 528 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Waste Management Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.300%, 02/01/2039 (A)(C) | 2000 | 1877 |
| &nbsp;&nbsp;&nbsp;California State, Pollution Control Financing Authority, Waste Management Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 11/01/2038 (A) | 1125 | 1098 |
| &nbsp;&nbsp;&nbsp;California State, Public Works Board, Various Capital Projects, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2028  | 2005 | 2219 |
| &nbsp;&nbsp;&nbsp;California State, School Finance Authority, Aspire Public Schools, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2023 (C) | 760 | 769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2023 (B)(C) | 65 | 66 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;California State, Statewide Communities Development Authority, Henry Mayo Newhall Memorial Project, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2023  | $500 | $508 |
| &nbsp;&nbsp;&nbsp;California State, Statewide Communities Development Authority, Kaiser Permanente Project, Ser 2004-M, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2038 (A) | 4000 | 4539 |
| &nbsp;&nbsp;&nbsp;California State, Statewide Communities Development Authority, Student Housing, University of California, Irvine Campus Apartments, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/15/2046  | 1000 | 952 |
| &nbsp;&nbsp;&nbsp;California State, Tobacco Securitization Agency, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2023  | 1200 | 1206 |
| &nbsp;&nbsp;&nbsp;California State, University Systemwide, Ser B-2-REMK, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.550%, 11/01/2049 (A) | 3000 | 2580 |
| &nbsp;&nbsp;&nbsp;California State, Various Purpose, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2026  | 5000 | 5457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2029  | 1300 | 1478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2030  | 1230 | 1411 |
| &nbsp;&nbsp;&nbsp;California State, Various Purpose, Group B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2026  | 2000 | 2176 |
| &nbsp;&nbsp;&nbsp;Carlsbad, Unified School District, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/01/2034  | 2750 | 2873 |
| &nbsp;&nbsp;&nbsp;Chabot-Las Positas, Community College District, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/01/2030  | 1250 | 1234 |
| &nbsp;&nbsp;&nbsp;El Dorado, Irrigation District, Ser B, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2025  | 1000 | 1051 |
| &nbsp;&nbsp;&nbsp;FHLMC Multifamily Certificates, Relating to Municipal Securities, Ser M-049, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.050%, 04/15/2034  | 1360 | 1172 |
| &nbsp;&nbsp;&nbsp;Fresno, Joint Powers Financing Authority, Master Lease Project, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2025  | 1500 | 1584 |
| &nbsp;&nbsp;&nbsp;Golden State, Tobacco Securitization Project, Ser A1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025 (B) | 3365 | 3565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2026 (B) | 1500 | 1621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2027 (B) | 5000 | 5507 |
| &nbsp;&nbsp;&nbsp;Hesperia Community, Redevelopment Agency Successor Agency, Ser A, COP, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2029  | 2275 | 2522 |
| &nbsp;&nbsp;&nbsp;Imperial, Irrigation District Electric System Revenue Authority, Ser B2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  | 730 | 762 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**California Municipal Bond Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2025  | $1000 | $1063 |
| &nbsp;&nbsp;&nbsp;Imperial, Irrigation District Electric System Revenue Authority, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  | 625 | 652 |
| &nbsp;&nbsp;&nbsp;Inglewood, Redevelopment Agency Successor Agency, Merged Redevelopment Project, Sub-Ser, TA, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2025  | 1000 | 1047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2026  | 500 | 531 |
| &nbsp;&nbsp;&nbsp;Lancaster, Redevelopment Agency Successor Agency, Combined Redevelopment Project Areas, TA, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2024  | 435 | 449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2025  | 570 | 599 |
| &nbsp;&nbsp;&nbsp;Lodi, Public Financing Authority, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2026  | 1000 | 1075 |
| &nbsp;&nbsp;&nbsp;Long Beach, Harbor Revenue, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2026  | 1100 | 1168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2027  | 2000 | 2147 |
| &nbsp;&nbsp;&nbsp;Long Beach, Harbor Revenue, Ser C, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2026  | 2370 | 2498 |
| &nbsp;&nbsp;&nbsp;Long Beach, Marina Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2023  | 700 | 706 |
| &nbsp;&nbsp;&nbsp;Los Angeles County, Metropolitan Transportation Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2030  | 545 | 634 |
| &nbsp;&nbsp;&nbsp;Los Angeles County, Redevelopment Authority, Bunker Hill Project, Ser C, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  | 2000 | 2088 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Airports, Los Angeles International Airport Project, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2025  | 1170 | 1237 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Airports, Los Angeles International Airport Project, Ser G, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2034  | 1500 | 1635 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2032  | 2680 | 2962 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser D, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2026  | 1000 | 1055 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2027  | 7990 | 8527 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2028  | $1000 | $1080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2029  | 3000 | 3259 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Harbor Department, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2025  | 1000 | 1063 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Unified School District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 2000 | 2126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1000 | 1085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 3940 | 4507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 5000 | 5851 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Unified School District, Ser B1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 1000 | 1114 |
| &nbsp;&nbsp;&nbsp;Northern California, Energy Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2049 (A) | 3000 | 3010 |
| &nbsp;&nbsp;&nbsp;Northern California, Tobacco Securitization Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2049  | 1205 | 1196 |
| &nbsp;&nbsp;&nbsp;Palm Springs, Airport Revenue, Palm Springs International Airport Project, AMT, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2028  | 1100 | 1132 |
| &nbsp;&nbsp;&nbsp;Pittsburg, Redevelopment Agency Successor Agency, Ser A, TA, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2023  | 3000 | 3046 |
| &nbsp;&nbsp;&nbsp;Redlands, Unified School District, San Bernadino County, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 1000 | 1102 |
| &nbsp;&nbsp;&nbsp;Riverside County, Redevelopment Successor Agency, Jurupa Valley Redevelopment Project, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2025  | 560 | 592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026  | 500 | 538 |
| &nbsp;&nbsp;&nbsp;Riverside, Unified School District, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2028  | 1000 | 1052 |
| &nbsp;&nbsp;&nbsp;Roseville, Finance Authority, Ser A, Special Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2025  | 1000 | 1060 |
| &nbsp;&nbsp;&nbsp;Sacramento County, Airport System Revenue, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1000 | 1076 |
| &nbsp;&nbsp;&nbsp;Sacramento County, Sanitation Districts Financing Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2028  | 1000 | 1131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2029  | 500 | 575 |
| &nbsp;&nbsp;&nbsp;Sacramento, Area Flood Control Agency, Consolidated Capital Assessment District No. 2 Bonds, Ser A, SAB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026  | 850 | 921 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**California Municipal Bond Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Sacramento, Municipal Utility District, Financing Authority, Cosumnes Project, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2026  | $1000 | $1082 |
| &nbsp;&nbsp;&nbsp;Sacramento, Municipal Utility District, Ser I, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2028  | 1000 | 1121 |
| &nbsp;&nbsp;&nbsp;Sacramento, Redevelopment Agency Successor Agency, Ser A, TA, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  | 1000 | 1043 |
| &nbsp;&nbsp;&nbsp;San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 500 | 519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 400 | 419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 500 | 530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 1000 | 1058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 5000 | 5440 |
| &nbsp;&nbsp;&nbsp;San Diego County, Sanford Burnham Presbyterian Medical Discovery Institute, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  | 1200 | 1251 |
| &nbsp;&nbsp;&nbsp;San Diego County, Water Authority, Sub-Ser S1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2028  | 2500 | 2802 |
| &nbsp;&nbsp;&nbsp;San Diego, Association of Governments South Bay Expressway Revenue, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 1000 | 1089 |
| &nbsp;&nbsp;&nbsp;San Diego, Public Facilities Financing Authority, Capital Improvement Projects, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2029  | 300 | 341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2030  | 400 | 461 |
| &nbsp;&nbsp;&nbsp;San Diego, Regional Building Authority, County Operations Center Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2027  | 1000 | 1066 |
| &nbsp;&nbsp;&nbsp;San Diego, Unified School District, Ser E-2, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 1000 | 1179 |
| &nbsp;&nbsp;&nbsp;San Francisco Bay Area, Rapid Transit District, Ser C-1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2031  | 2000 | 2146 |
| &nbsp;&nbsp;&nbsp;San Francisco City & County, Airport Commission, San Francisco International Airport, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  | 2500 | 2615 |
| &nbsp;&nbsp;&nbsp;San Francisco City & County, Airport Commission, San Francisco International Airport, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2025  | 1000 | 1054 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;San Francisco City & County, Airport Commission, San Francisco International Airport, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2031  | $2500 | $2883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2032  | 2500 | 2865 |
| &nbsp;&nbsp;&nbsp;San Jose, Norman Y Mineta San Jose International Airport SJC, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2025  | 1000 | 1034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2026  | 1780 | 1858 |
| &nbsp;&nbsp;&nbsp;San Jose, Norman Y Mineta San Jose International Airport SJC, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2029  | 500 | 563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2030  | 700 | 797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2031  | 860 | 990 |
| &nbsp;&nbsp;&nbsp;San Jose, Redevelopment Agency Successor Agency, Sub-Ser B, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  | 1000 | 1093 |
| &nbsp;&nbsp;&nbsp;Santa Ana, College Improvement District #1, Rancho Santiago Community College District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/01/2032  | 1000 | 965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/01/2033  | 2580 | 2453 |
| &nbsp;&nbsp;&nbsp;Santa Barbara County, Solid Waste Systems, Ser B, AMT, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  | 1440 | 1522 |
| &nbsp;&nbsp;&nbsp;Solano County, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2025  | 700 | 747 |
| &nbsp;&nbsp;&nbsp;Southern California, Public Power Authority, Milford Wind Corridor, Phase II Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  | 800 | 928 |
| &nbsp;&nbsp;&nbsp;Southern California, Public Power Authority, Natural Gas Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/01/2025  | 2930 | 3057 |
| &nbsp;&nbsp;&nbsp;Stockton, Redevelopment Agency Successor Agency, Ser A, TA, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2026  | 1000 | 1070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2027  | 1000 | 1070 |
| &nbsp;&nbsp;&nbsp;Tulare, Local Health Care District, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2027  | 585 | 612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2028  | 435 | 459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2029  | 735 | 781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2030  | 1320 | 1404 |
| &nbsp;&nbsp;&nbsp;Tuolumne, Wind Project Authority, Wind Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  | 1000 | 1071 |
| &nbsp;&nbsp;&nbsp;Tustin, Unified School District, Community Facilities District #97-1, Special Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2023  | 1000 | 1016 |
| &nbsp;&nbsp;&nbsp;Union, Sanitary District Financing Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2031  | 500 | 546 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**California Municipal Bond Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;University of California, Regents Medical Center Pooled Revenue, Ser L, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2024  | $| 2000 | $2070 |
| &nbsp;&nbsp;&nbsp;University of California, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2033  |  | 1110 | 1313 |
| &nbsp;&nbsp;&nbsp;Upland, Community Redevelopment Agency Successor Agency, Community Development Project, TA  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2025  |  | 1280 | 1355 |
| &nbsp;&nbsp;&nbsp;Vernon, Electric System Revenue, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2027  |  | 1000 | 1055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2028  |  | 2000 | 2119 |
| &nbsp;&nbsp;&nbsp;Western, Municipal Water District Facilities Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2033  |  | 2000 | 2307 |
| Total Municipal Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $281,533) ($ Thousands) |  |  | 265551 |
|  | <br> Shares | <br> Shares |  |
| **CASH EQUIVALENT — 1.7%** | **CASH EQUIVALENT — 1.7%** | **CASH EQUIVALENT — 1.7%** | **CASH EQUIVALENT — 1.7%** |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust, Government Fund, Cl F |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.370%\*\*<sup>†</sup> |  | 4726252 | 4726 |
| Total Cash Equivalent |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $4,726) ($ Thousands) |  |  | 4726 |
| Total Investments in Securities — 99.1% |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $286,259) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $286,259) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $286,259) ($ Thousands)  | $270277 |

---

---

| | |
|:---|:---|
|  | Percentages are based on Net Assets of $272,680 ($ Thousands). |
| \*\* | The rate reported is the 7-day effective yield as of November 30, 2022. |
| <sup>†</sup> | Investment in Affiliated Security. |
| (A) | 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. |
| (B) | Security is escrowed to maturity. |
| (C) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On November 30, 2022, the value of these securities amounted to $2,712 ($ Thousands), representing 1.0% of the Net Assets of the Fund. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, 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;Municipal Bonds |  | 265551 |  | 265551 |
| &nbsp;&nbsp;&nbsp;Cash Equivalent | 4726 | – |  | 4726 |
| Total Investments in Securities | 4726 | 265551 |  | 270277 |

---

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund's most recent financial statements.

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**California Municipal Bond Fund** (Concluded)

The following is a summary of the transactions with affiliates for the period ended November 30, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 8/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/ (Loss)** | **Change in Unrealized Appreciation (Depreciation)** | **Value 11/30/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust, Government Fund, Cl F | $&nbsp;&nbsp;&nbsp;&nbsp;591 | $&nbsp;&nbsp;&nbsp;&nbsp;19942 | $&nbsp;&nbsp;&nbsp;&nbsp;(15807) | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;4726 | $&nbsp;&nbsp;&nbsp;&nbsp;16 | $&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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

See "Glossary" for abbreviations.

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Massachusetts Municipal Bond Fund** 

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS — 99.2%** | **MUNICIPAL BONDS — 99.2%** | **MUNICIPAL BONDS — 99.2%** |
| **Massachusetts — 99.2%** | **Massachusetts — 99.2%** |  |
| &nbsp;&nbsp;&nbsp;Boston, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2031  | $1500 | $1624 |
| &nbsp;&nbsp;&nbsp;Hingham, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/15/2030  | 340 | 363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/15/2031  | 320 | 340 |
| &nbsp;&nbsp;&nbsp;Lowell, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2027  | 1520 | 1673 |
| &nbsp;&nbsp;&nbsp;Massachusetts Bay, Transportation Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/01/2030  | 500 | 588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/01/2031  | 750 | 895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1000 | 1080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 1500 | 1650 |
| &nbsp;&nbsp;&nbsp;Massachusetts Bay, Transportation Authority, Sub-Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 1000 | 1168 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Clean Water Trust, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2029  | 1000 | 1071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2030  | 1315 | 1528 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Clean Water Trust, Ser 23B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2029  | 800 | 907 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Department of Transportation, Metropolitan Highway System, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2027  | 1000 | 1088 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Department of Transportation, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  | 1000 | 1127 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Department of Transportation, Sub-Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2027  | 1020 | 1110 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Babson College Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2033  | 1115 | 1233 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Baystate Medical Center Project, Ser N, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  | 200 | 203 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Bentley University, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 1000 | 1134 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Beth Israel Lahey Health Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 585 | 636 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Boston College, Ser U, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 1000 | 1128 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Boston Medical Center, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | $200 | $210 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Brandeis University Project, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2029  | 1000 | 1104 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Broad Institute Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2025  | 500 | 525 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, CareGroup Project, Ser H, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 500 | 516 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, CareGroup Project, Ser I, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 500 | 533 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, CareGroup Project, Ser J, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 500 | 516 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, College Holy Cross Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2026  | 200 | 215 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Dana-Farber Cancer Institute, Ser O, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  | 1000 | 1077 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Harvard University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2032  | 1000 | 1205 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Lahey Clinic Project, Ser F, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2024  | 750 | 776 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Lesley University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 1000 | 1028 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Milton Academy, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2028  | 400 | 441 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Northeastern University, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2025  | 970 | 1031 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Partners Health Care Systems Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 1000 | 1058 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Massachusetts Municipal Bond Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Partners Health Care Systems Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025 (A) | $500 | $529 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2050 (B) | 1000 | 1111 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, South Shore Hospital Project, Ser I, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 500 | 517 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Sterling and Francine Clark Art Institute, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2024  | 400 | 408 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Suffolk University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 850 | 872 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, UMass Memorial Health Care, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 1000 | 1051 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Wellforce, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  | 700 | 708 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Development Finance Agency, Worcester Polytechnic Institute, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2030  | 210 | 228 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Educational Financing Authority, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 850 | 908 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Educational Financing Authority, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  | 400 | 412 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Health & Educational Facilities Authority, Massachusetts Institute of Technology Project, Ser M, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/01/2029  | 500 | 580 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Municipal Wholesale Electric, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 410 | 472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032  | 440 | 507 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Port Authority, BosFuel Project, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 1000 | 1065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 840 | 903 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Port Authority, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 1000 | 1063 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | $1250 | $1339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 500 | 543 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Port Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 1000 | 1059 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Port Authority, Ser C, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 1000 | 1074 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Port Authority, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 520 | 538 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1250 | 1351 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1000 | 1081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 1000 | 1100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  | 1500 | 1665 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2033  | 2500 | 2952 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Ser D, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2026  | 1000 | 1076 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Ser E, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  | 2000 | 2214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2028  | 1000 | 1123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2030  | 1000 | 1162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2031  | 345 | 400 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Transportation Fund Revenue, Rail Enhancement & Accelerated Program, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2030  | 1000 | 1033 |
| &nbsp;&nbsp;&nbsp;Massachusetts State, Water Resources Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2028  | 1000 | 1120 |
| &nbsp;&nbsp;&nbsp;University of Massachusetts, Building Authority, Ser 1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2030  | 1500 | 1692 |
| &nbsp;&nbsp;&nbsp;University of Massachusetts, Building Authority, UMass Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2026  | 1000 | 1086 |
| &nbsp;&nbsp;&nbsp;Woods Hole, Marthas Vineyard & Nantucket, Steamship Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2029  | 1150 | 1300 |
| &nbsp;&nbsp;&nbsp;Worcester, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/15/2030  | 285 | 298 |
| Total Municipal Bonds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $70,801) ($ Thousands) |  | 67321 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Massachusetts Municipal Bond Fund** (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **CASH EQUIVALENT — 0.1%** | **CASH EQUIVALENT — 0.1%** | **CASH EQUIVALENT — 0.1%** |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust, Government Fund, Cl F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.370%\*\*<sup>†</sup> | 61046 | $61 |
| Total Cash Equivalent |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $61) ($ Thousands) |  | 61 |
| Total Investments in Securities — 99.3% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $70,862) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $70,862) ($ Thousands)  | $67382 |

---

---

| | |
|:---|:---|
|  | Percentages are based on Net Assets of $67,839 ($ Thousands). |
| \*\* | The rate reported is the 7-day effective yield as of November 30, 2022. |
| <sup>†</sup> | Investment in Affiliated Security. |
| (A) | Pre-Refunded Securities — The maturity date shown is the pre-refunded date. |
| (B) | Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, 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;Municipal Bonds |  | 67321 |  | 67321 |
| &nbsp;&nbsp;&nbsp;Cash Equivalent | 61 | – |  | 61 |
| Total Investments in Securities | 61 | 67321 |  | 67382 |

---

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund's most recent financial statements.

The following is a summary of the transactions with affiliates for the period ended November 30, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 8/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/ (Loss)** | **Change in Unrealized Appreciation/ (Depreciation)** | **Value 11/30/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust, Government Fund, Cl F | $&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;6568 | $&nbsp;&nbsp;&nbsp;&nbsp;(6507) | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;61 | $&nbsp;&nbsp;&nbsp;&nbsp;4 | $&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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

See "Glossary" for abbreviations.

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**New Jersey Municipal Bond Fund** 

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS — 99.9%** | **MUNICIPAL BONDS — 99.9%** | **MUNICIPAL BONDS — 99.9%** |
| **Delaware — 3.0%** | **Delaware — 3.0%** |  |
| &nbsp;&nbsp;&nbsp;Delaware State, River & Bay Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  | $1000 | $1121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2030  | 180 | 205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2031  | 115 | 133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2032  | 225 | 263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2033  | 225 | 261 |
| &nbsp;&nbsp;&nbsp;Delaware State, River & Bay Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024  | 1000 | 1024 |
|  |  | 3007 |
| **New Jersey — 82.8%** | **New Jersey — 82.8%** |  |
| &nbsp;&nbsp;&nbsp;Bayonne City, Qualified General Improvement Project, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 825 | 854 |
| &nbsp;&nbsp;&nbsp;Bergen County, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/15/2029  | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;Bergen County, Improvement Authority, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2025  | 2160 | 2295 |
| &nbsp;&nbsp;&nbsp;Camden County, Improvement Authority, Cooper Health System Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2024  | 1000 | 1021 |
| &nbsp;&nbsp;&nbsp;Camden County, Improvement Authority, County Capital Program, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2025  | 420 | 439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2026  | 1820 | 1938 |
| &nbsp;&nbsp;&nbsp;Carlstadt, School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2025  | 500 | 515 |
| &nbsp;&nbsp;&nbsp;Essex County, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2025  | 2500 | 2652 |
| &nbsp;&nbsp;&nbsp;Essex County, Improvement Authority, County Guaranteed Project, RB, NATL  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 10/01/2025  | 1000 | 1079 |
| &nbsp;&nbsp;&nbsp;Gloucester County, Improvement Authority, Rowan University Fossil Park, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 375 | 418 |
| &nbsp;&nbsp;&nbsp;Gloucester County, Improvement Authority, Rowan University Project, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2025  | 500 | 529 |
| &nbsp;&nbsp;&nbsp;Gloucester County, Improvement Authority, Rowan University Project, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1000 | 1045 |
| &nbsp;&nbsp;&nbsp;Hudson County, Improvement Authority, Vocational - Technical School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2026  | 500 | 536 |
| &nbsp;&nbsp;&nbsp;Jersey City, Redevelopment Agency, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/15/2031  | 1000 | 1054 |
| &nbsp;&nbsp;&nbsp;Jersey City, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2025  | 125 | 133 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Middlesex County, Improvement Authority, New Brunswick Cultural Center Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | $1755 | $1927 |
| &nbsp;&nbsp;&nbsp;Monmouth County, Improvement Authority, Governmental Pooled Loans, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2031  | 365 | 426 |
| &nbsp;&nbsp;&nbsp;Monmouth County, Improvement Authority, Governmental Pooled Loans, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2027  | 1000 | 1089 |
| &nbsp;&nbsp;&nbsp;Montgomery Township, Board of Education, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2025  | 1300 | 1368 |
| &nbsp;&nbsp;&nbsp;New Jersey State, COVID-19 Emergency Bonds, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2031  | 2000 | 2118 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, New Jersey Natural Gas, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.450%, 04/01/2059 (A) | 2000 | 1952 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Portal North Bridge Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2033  | 650 | 723 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2027  | 1000 | 1072 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, School Facilities Construction Project, Ser II, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2025  | 2500 | 2503 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Ser A, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 1140 | 1215 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Educational Facilities Authority, Montclair State University, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 2260 | 2378 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 1000 | 1047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033  | 350 | 391 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser B, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 1000 | 1047 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Educational Facilities Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033  | 1360 | 1450 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**New Jersey Municipal Bond Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New Jersey State, Educational Facilities Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2029  | $4000 | $4540 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Educational Facilities Authority, Stockton University Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1000 | 1053 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Educational Facilities Authority, William Patterson University Project, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 1905 | 1976 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, AHS Hospital Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 735 | 789 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, Atlanticare Health System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 725 | 821 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, Hackensack Meridian Health Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 2000 | 2140 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  | 1000 | 1012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 1080 | 1139 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, Princeton Healthcare System Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 1000 | 1072 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 1000 | 1055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032  | 1225 | 1387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2045 (A) | 1500 | 1598 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  | 1250 | 1345 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, Virtua Health, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 940 | 961 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Health Care Facilities Financing Authority, Virtua Health, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2024 (B) | 60 | 62 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New Jersey State, Higher Education Student Assistance Authority, Ser 1A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2022  | $1500 | $1500 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Higher Education Student Assistance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2028  | 675 | 733 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2030  | 700 | 759 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Housing & Mortgage Finance Agency, Ser H, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2029  | 485 | 532 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Housing & Mortgage Finance Agency, Single Family Housing, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 04/01/2025  | 765 | 758 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Institute of Technology, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 200 | 221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 270 | 302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  | 260 | 290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 375 | 417 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/15/2032  | 1375 | 1562 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/15/2034  | 2055 | 2059 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2030  | 1000 | 1087 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Turnpike Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  | 1430 | 1549 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Turnpike Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  | 1000 | 1101 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Turnpike Authority, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2025  | 1000 | 1045 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Turnpike Authority, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  | 1000 | 1073 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Turnpike Authority, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2027  | 1420 | 1540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  | 960 | 1057 |
| &nbsp;&nbsp;&nbsp;Ocean County, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  | 700 | 743 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**New Jersey Municipal Bond Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Passaic County, Improvement Authority, City of Paterson Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2024  | $| 315 | $326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2025  |  | 250 | 264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  |  | 545 | 575 |
| &nbsp;&nbsp;&nbsp;Rutgers State University, Ser M, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2027  |  | 1000 | 1071 |
| &nbsp;&nbsp;&nbsp;Rutgers State University, Ser N, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2028  |  | 500 | 556 |
| &nbsp;&nbsp;&nbsp;Salem County, Pollution Control Financing Authority, Chambers Project, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2023 (C) |  | 385 | 390 |
| &nbsp;&nbsp;&nbsp;Somerset County, Ser A&B, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/01/2030  |  | 540 | 536 |
| &nbsp;&nbsp;&nbsp;Sparta Township, Board of Education, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2025 (B) |  | 575 | 604 |
| &nbsp;&nbsp;&nbsp;Tobacco Settlement Financing, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2032  |  | 500 | 520 |
| &nbsp;&nbsp;&nbsp;Tobacco Settlement Financing, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.200%, 06/01/2027  |  | 5 | 5 |
| &nbsp;&nbsp;&nbsp;Township of Edison New Jersey, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/15/2033  |  | 1635 | 1553 |
| &nbsp;&nbsp;&nbsp;Verona Township, Board of Education, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2025  |  | 500 | 524 |
|  |  |  | 82418 |
| **New York — 11.1%** | **New York — 11.1%** | **New York — 11.1%** |  |
| &nbsp;&nbsp;&nbsp;New York & New Jersey, Port Authority, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2029  |  | 4000 | 4138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2032  |  | 2415 | 2586 |
| &nbsp;&nbsp;&nbsp;New York & New Jersey, Port Authority, Ser 178, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  |  | 2000 | 2032 |
| &nbsp;&nbsp;&nbsp;New York & New Jersey, Port Authority, Ser 223, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2033  |  | 2165 | 2336 |
|  |  |  | 11092 |
| **Pennsylvania — 3.0%** | **Pennsylvania — 3.0%** | **Pennsylvania — 3.0%** |  |
| &nbsp;&nbsp;&nbsp;Delaware River, Joint Toll Bridge Commission, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  |  | 1450 | 1589 |
| &nbsp;&nbsp;&nbsp;Delaware River, Port Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  |  | 1225 | 1365 |
|  |  |  | 2954 |
| Total Municipal Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $104,362) ($ Thousands) |  |  | 99471 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **CASH EQUIVALENT — 0.3%** | **CASH EQUIVALENT — 0.3%** | **CASH EQUIVALENT — 0.3%** |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust, Government Fund, Cl F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.370%\*\*<sup>†</sup> | 257190 | $257 |
| Total Cash Equivalent |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $257) ($ Thousands) |  | 257 |
| Total Investments in Securities — 100.2% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $104,619) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $104,619) ($ Thousands)  | $99728 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**New Jersey Municipal Bond Fund** (Concluded)

---

| | |
|:---|:---|
|  | Percentages are based on Net Assets of $99,536 ($ Thousands). |
| \*\* | The rate reported is the 7-day effective yield as of November 30, 2022. |
| <sup>†</sup> | Investment in Affiliated Security. |
| (A) | 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. |
| (B) | Pre-Refunded Securities — The maturity date shown is the pre-refunded date. |
| (C) | Security is escrowed to maturity. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, 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;Municipal Bonds |  | 99471 |  | 99471 |
| &nbsp;&nbsp;&nbsp;Cash Equivalent | 257 | – |  | 257 |
| Total Investments in Securities | 257 | 99471 |  | 99728 |

---

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund's most recent financial statements.

The following is a summary of the transactions with affiliates for the period ended November 30, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 8/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain (Loss)** | **Change in Unrealized Appreciation (Depreciation)** | **Value 11/30/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust, Government Fund, Cl F | $&nbsp;&nbsp;&nbsp;&nbsp;1992 | $&nbsp;&nbsp;&nbsp;&nbsp;4067 | $&nbsp;&nbsp;&nbsp;&nbsp;(5802) | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;257 | $&nbsp;&nbsp;&nbsp;&nbsp;7 | $&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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

See "Glossary" for abbreviations.

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**New York Municipal Bond Fund** 

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS — 99.7%** | **MUNICIPAL BONDS — 99.7%** | **MUNICIPAL BONDS — 99.7%** |
| **New York — 99.7%** | **New York — 99.7%** |  |
| &nbsp;&nbsp;&nbsp;Broome County, Local Development, United Health Services Hospitals, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2030  | $900 | $994 |
| &nbsp;&nbsp;&nbsp;Buffalo, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2025  | 425 | 447 |
| &nbsp;&nbsp;&nbsp;Build NYC Resource, Manhattan College Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2026  | 350 | 370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  | 275 | 294 |
| &nbsp;&nbsp;&nbsp;Build NYC Resource, The Chapin School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2026  | 500 | 543 |
| &nbsp;&nbsp;&nbsp;Dutchess County, Local Development, Nuvance Health, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1000 | 1046 |
| &nbsp;&nbsp;&nbsp;Erie County, Industrial Development Agency, Buffalo School District Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2025  | 500 | 528 |
| &nbsp;&nbsp;&nbsp;Essex County, Industrial Development Agency, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 03/01/2027 (A) | 525 | 506 |
| &nbsp;&nbsp;&nbsp;Genesee County, Funding, Rochester Regional Health Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 650 | 703 |
| &nbsp;&nbsp;&nbsp;Hempstead, Local Development, Hofstra University Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 800 | 851 |
| &nbsp;&nbsp;&nbsp;Hudson Yards Infrastructure, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2034  | 1970 | 2232 |
| &nbsp;&nbsp;&nbsp;Long Island, Power Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2026  | 1000 | 1082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2027  | 1000 | 1101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 09/01/2025  | 1000 | 914 |
| &nbsp;&nbsp;&nbsp;Long Island, Power Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2027  | 1000 | 1101 |
| &nbsp;&nbsp;&nbsp;Long Island, Power Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2030  | 1500 | 1609 |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2028  | 3000 | 3130 |
| &nbsp;&nbsp;&nbsp;Metropolitan New York, Transportation Authority, Ser C1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2025  | 2000 | 2081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2026  | 1000 | 1030 |
| &nbsp;&nbsp;&nbsp;Monroe County, Industrial Development Authority, Rochester Schools Modernization Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2026  | 1000 | 1075 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Monroe County, Industrial Development Authority, University of Rochester Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | $750 | $792 |
| &nbsp;&nbsp;&nbsp;Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1050 | 1128 |
| &nbsp;&nbsp;&nbsp;Nassau County, Interim Finance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2030  | 2160 | 2525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2032  | 1000 | 1097 |
| &nbsp;&nbsp;&nbsp;Nassau County, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  | 1000 | 1064 |
| &nbsp;&nbsp;&nbsp;Nassau County, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2027  | 1000 | 1098 |
| &nbsp;&nbsp;&nbsp;New York & New Jersey, Port Authority, Ser 178, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2024  | 2000 | 2033 |
| &nbsp;&nbsp;&nbsp;New York & New Jersey, Port Authority, Ser 205, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2028  | 1685 | 1859 |
| &nbsp;&nbsp;&nbsp;New York & New Jersey, Port Authority, Ser 231ST, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2033  | 1500 | 1630 |
| &nbsp;&nbsp;&nbsp;New York City, Housing Development Authority, RB, FHA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.600%, 05/01/2061 (A) | 500 | 461 |
| &nbsp;&nbsp;&nbsp;New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  | 1000 | 1087 |
| &nbsp;&nbsp;&nbsp;New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2029  | 1750 | 1926 |
| &nbsp;&nbsp;&nbsp;New York City, Ser 1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2028  | 1000 | 1094 |
| &nbsp;&nbsp;&nbsp;New York City, Ser A2, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2026  | 2000 | 2161 |
| &nbsp;&nbsp;&nbsp;New York City, Ser B-1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2034  | 1745 | 1998 |
| &nbsp;&nbsp;&nbsp;New York City, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2025  | 4150 | 4401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2032  | 3345 | 3812 |
| &nbsp;&nbsp;&nbsp;New York City, Ser C-1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  | 1000 | 1098 |
| &nbsp;&nbsp;&nbsp;New York City, Ser F-1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2029  | 1895 | 2129 |
| &nbsp;&nbsp;&nbsp;New York City, Sub-Ser I, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2028  | 1405 | 1559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2030  | 675 | 772 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**New York Municipal Bond Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New York City, Transitional Finance Authority, Building Aid Revenue, Ser S-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2026  | $500 | $524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2028  | 1080 | 1186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2031  | 1000 | 1172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2033  | 1630 | 1861 |
| &nbsp;&nbsp;&nbsp;New York City, Water & Sewer System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2031  | 2000 | 2343 |
| &nbsp;&nbsp;&nbsp;New York City, Water & Sewer System, Ser AA, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2027  | 1200 | 1319 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Fordham University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  | 500 | 507 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Icahn School of Medicine at Mount Sanai Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1000 | 1047 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Memorial Sloan-Kettering Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 1000 | 1033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 500 | 548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  | 1095 | 1220 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, New York University Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 1720 | 1859 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, NYU Hospital Center Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  | 1000 | 1013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | 1000 | 1034 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026  | 495 | 536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026 (B) | 5 | 5 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Rochester Institute of Technology, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033  | 1000 | 1169 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, School Districts Financing Program, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2026  | 1000 | 1079 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, School Districts Financing Program, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2024  | 785 | 817 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Ser 1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2027  | 1000 | 1084 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2025 (B) | 2000 | 2106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 500 | 530 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | $1100 | $1176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2029  | 2500 | 2720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2031  | 2000 | 2324 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2030  | 1200 | 1364 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2026 (B) | 2400 | 2579 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2026 (B) | 2750 | 2954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2032  | 1500 | 1763 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, St. Johns University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 1500 | 1608 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, St. Johns University Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023  | 455 | 462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2030  | 830 | 851 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, State University Dormitory Facilities Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 1000 | 1057 |
| &nbsp;&nbsp;&nbsp;New York State, Environmental Facilities Authority, Revolving Funds, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2028  | 850 | 937 |
| &nbsp;&nbsp;&nbsp;New York State, Mortgage Agency, Ser 189, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 10/01/2025  | 2500 | 2488 |
| &nbsp;&nbsp;&nbsp;New York State, Mortgage Agency, Ser 232, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2029  | 1700 | 1805 |
| &nbsp;&nbsp;&nbsp;New York State, Thruway Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  | 1100 | 1222 |
| &nbsp;&nbsp;&nbsp;New York State, Thruway Authority, Ser L, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2027  | 1000 | 1084 |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, JFK International Airport Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 1000 | 1041 |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, JFK International Airport Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2030  | 1000 | 1064 |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  | 1275 | 1295 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**New York Municipal Bond Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New York State, Urban Development, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2025  | $1695 | $1782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2025 (B) | 5 | 5 |
| &nbsp;&nbsp;&nbsp;New York State, Urban Development, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2032  | 1615 | 1833 |
| &nbsp;&nbsp;&nbsp;Onondaga Civic Development, Syracuse University Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2029  | 600 | 684 |
| &nbsp;&nbsp;&nbsp;Oyster Bay, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/01/2028  | 825 | 872 |
| &nbsp;&nbsp;&nbsp;Oyster Bay, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2026  | 800 | 836 |
| &nbsp;&nbsp;&nbsp;Schenectady County, Capital Resource, Union College Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2032  | 700 | 805 |
| &nbsp;&nbsp;&nbsp;Suffolk County, Ser A, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2026  | 1200 | 1281 |
| &nbsp;&nbsp;&nbsp;Suffolk County, Ser D, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2024  | 2000 | 2083 |
| &nbsp;&nbsp;&nbsp;Triborough, Bridge & Tunnel Authority, MTA Bridges & Tunnels, Ser 2017C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2028  | 2000 | 2250 |
| &nbsp;&nbsp;&nbsp;Triborough, Bridge & Tunnel Authority, Sales Tax Revenue, MTA Bridges & Tunnels, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2035  | 500 | 569 |
| &nbsp;&nbsp;&nbsp;TSASC, Tobacco Settlement Bonds, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025  | 750 | 778 |
| &nbsp;&nbsp;&nbsp;Westchester County, Local Development, Miriam Osborn Memorial Home Association Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  | 260 | 270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026  | 300 | 315 |
| &nbsp;&nbsp;&nbsp;Westchester County, Tobacco Asset Securitization, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2024  | 1800 | 1841 |
| Total Municipal Bonds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $133,195) ($ Thousands) |  | 127351 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **CASH EQUIVALENT — 0.1%** | **CASH EQUIVALENT — 0.1%** | **CASH EQUIVALENT — 0.1%** |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust, Government Fund, Cl F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.370%\*\*<sup>†</sup> | 99009 | $99 |
| Total Cash Equivalent |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $99) ($ Thousands) |  | 99 |
| Total Investments in Securities — 99.8% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $133,294) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $133,294) ($ Thousands)  | $127450 |

---

---

| | |
|:---|:---|
|  | Percentages are based on Net Assets of $127,664 ($ Thousands). |
| \*\* | The rate reported is the 7-day effective yield as of November 30, 2022. |
| <sup>†</sup> | Investment in Affiliated Security. |
| (A) | 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. |
| (B) | Security is escrowed to maturity. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, 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;Municipal Bonds |  | 127351 |  | 127351 |
| &nbsp;&nbsp;&nbsp;Cash Equivalent | 99 | – |  | 99 |
| Total Investments in Securities | 99 | 127351 |  | 127450 |

---

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund's most recent financial statements.

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**New York Municipal Bond Fund** (Concluded)

The following is a summary of the transactions with affiliates for the period ended November 30, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 8/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/ (Loss)** | **Change in Unrealized Appreciation/ (Depreciation)** | **Value 11/30/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust, Government Fund, Cl F | $&nbsp;&nbsp;&nbsp;&nbsp;314 | $&nbsp;&nbsp;&nbsp;&nbsp;9852 | $&nbsp;&nbsp;&nbsp;&nbsp;(10067) | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;99 | $&nbsp;&nbsp;&nbsp;&nbsp;5 | $&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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

See "Glossary" for abbreviations.

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Pennsylvania Municipal Bond Fund** 

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS — 98.6%** | **MUNICIPAL BONDS — 98.6%** | **MUNICIPAL BONDS — 98.6%** |
| **Pennsylvania — 98.6%** | **Pennsylvania — 98.6%** |  |
| &nbsp;&nbsp;&nbsp;Allegheny County, Airport Authority, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2031  | $1325 | $1438 |
| &nbsp;&nbsp;&nbsp;Allegheny County, Higher Education Building Authority, Carnegie Mellon University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  | 1500 | 1647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2030  | 500 | 570 |
| &nbsp;&nbsp;&nbsp;Allegheny County, Higher Education Building Authority, Duquesne University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2026  | 550 | 583 |
| &nbsp;&nbsp;&nbsp;Allegheny County, Hospital Development Authority, Allegheny Health Network, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2028  | 2500 | 2686 |
| &nbsp;&nbsp;&nbsp;Allegheny County, Hospital Development Authority, UPMC Health Center Project, Ser B, RB, NATL  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 07/01/2023  | 1000 | 1019 |
| &nbsp;&nbsp;&nbsp;Allegheny County, Hospital Development Authority, UPMC, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2029  | 2000 | 2210 |
| &nbsp;&nbsp;&nbsp;Allegheny County, Port Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2029  | 1000 | 1116 |
| &nbsp;&nbsp;&nbsp;Allegheny County, Ser C-75, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  | 750 | 783 |
| &nbsp;&nbsp;&nbsp;Allentown, City School District, Ser B, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2029  | 1750 | 1937 |
| &nbsp;&nbsp;&nbsp;Berks County, Industrial Development Authority, Health Care Facilities, The Highlands At Wyomissing, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2033  | 525 | 527 |
| &nbsp;&nbsp;&nbsp;Bethel Park, School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  | 1000 | 1079 |
| &nbsp;&nbsp;&nbsp;Chester County, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/15/2029  | 300 | 321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/15/2030  | 250 | 267 |
| &nbsp;&nbsp;&nbsp;Chester County, Health & Education Facilities Authority, Main Line Health Systems, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2028  | 175 | 194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2029  | 375 | 421 |
| &nbsp;&nbsp;&nbsp;Chester County, School Authority, Chester County Intermediate Unit Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2028  | 1000 | 1064 |
| &nbsp;&nbsp;&nbsp;Cumberland County, Municipal Authority, Penn State Health, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2029  | 780 | 857 |
| &nbsp;&nbsp;&nbsp;Dallastown Area, School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/15/2026  | 1000 | 1053 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Daniel Boone, Area School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2025 (A) | $220 | $232 |
| &nbsp;&nbsp;&nbsp;Daniel Boone, Area School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2026  | 780 | 821 |
| &nbsp;&nbsp;&nbsp;Dauphin County, General Authority, Pinnacle Health System Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2024  | 600 | 617 |
| &nbsp;&nbsp;&nbsp;Delaware County, Cabrini University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 500 | 504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 500 | 503 |
| &nbsp;&nbsp;&nbsp;Delaware County, Regional Water Quality Control Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2025  | 625 | 663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2026  | 425 | 459 |
| &nbsp;&nbsp;&nbsp;Delaware River, Joint Toll Bridge Commission, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 1015 | 1113 |
| &nbsp;&nbsp;&nbsp;Delaware River, Joint Toll Bridge Commission, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 1300 | 1425 |
| &nbsp;&nbsp;&nbsp;Delaware River, Port Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2028  | 1000 | 1100 |
| &nbsp;&nbsp;&nbsp;East Hempfield Township, Industrial Development Authority, Willow Valley Communities Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  | 645 | 674 |
| &nbsp;&nbsp;&nbsp;Fairview, School District, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/15/2029  | 500 | 565 |
| &nbsp;&nbsp;&nbsp;Geisinger, Health System Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2043 (B) | 1000 | 1057 |
| &nbsp;&nbsp;&nbsp;Gettysburg Area, School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2025  | 1000 | 1045 |
| &nbsp;&nbsp;&nbsp;Lackawanna County, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2024  | 1000 | 1037 |
| &nbsp;&nbsp;&nbsp;Lancaster County, Hospital Authority, Masonic Villages of Grand Lodge Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2023  | 800 | 812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2028  | 1360 | 1432 |
| &nbsp;&nbsp;&nbsp;Lancaster County, Hospital Authority, University of Pennsylvania Health System Project, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2026  | 500 | 539 |
| &nbsp;&nbsp;&nbsp;Lancaster, Higher Education Authority, Harrisburg Area Community College Project, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2030  | 400 | 415 |
| &nbsp;&nbsp;&nbsp;Lehigh County, General Purpose Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2031  | 1225 | 1208 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Pennsylvania Municipal Bond Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Lehigh County, Lehigh Valley Health, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2024  | $1300 | $1341 |
| &nbsp;&nbsp;&nbsp;Luzerne County, Industrial Development Authority, America Water Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.450%, 12/01/2039 (B) | 1700 | 1530 |
| &nbsp;&nbsp;&nbsp;Lycoming County, College Revenue Authority, Pennsylvania College of Technology Project, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2030  | 900 | 1008 |
| &nbsp;&nbsp;&nbsp;Mifflin County, School District, Ser A, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2025  | 1885 | 1976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2026  | 690 | 724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2027  | 660 | 691 |
| &nbsp;&nbsp;&nbsp;Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2025  | 500 | 526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2028  | 1500 | 1628 |
| &nbsp;&nbsp;&nbsp;Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2036  | 750 | 750 |
| &nbsp;&nbsp;&nbsp;Montgomery County, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2030  | 500 | 571 |
| &nbsp;&nbsp;&nbsp;Moon Area, School District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2025  | 1000 | 1044 |
| &nbsp;&nbsp;&nbsp;Mount Lebanon, Hospital Authority, St. Clair Memorial Hospital Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 400 | 435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2029  | 350 | 386 |
| &nbsp;&nbsp;&nbsp;Octorara Area, School District, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2029  | 900 | 957 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State University, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2026  | 500 | 540 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2028  | 2500 | 2741 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Economic Development Financing Authority, Solid Waste Disposal Management Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.150%, 07/01/2041 (B) | 1000 | 966 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Economic Development Financing Authority, UPMC, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2026  | 1000 | 1061 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Economic Development Financing Authority, UPMC, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2025  | 1000 | 1034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2029  | 750 | 831 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2030  | $925 | $1037 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/15/2024  | 1300 | 1356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2026  | 5000 | 5337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2030  | 1000 | 1144 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Higher Educational Facilities Authority, Drexel University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2027  | 1150 | 1235 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Higher Educational Facilities Authority, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2027  | 750 | 814 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Higher Educational Facilities Authority, State System of Higher Education, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2026  | 1000 | 1071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2028  | 1500 | 1634 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Higher Educational Facilities Authority, State System of Higher Education, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2026  | 1500 | 1607 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Higher Educational Facilities Authority, Trustees of the University of Pennsylvania, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2027  | 860 | 939 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Higher Educational Facilities Authority, University of Pennsylvania Health System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2027  | 1000 | 1098 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Housing Finance Agency, Ser 133, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2029  | 500 | 552 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Housing Finance Agency, Ser 2022-139A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 10/01/2052  | 2000 | 2011 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Infrastructure Investment Authority, Federal Clean Water and Drinking Water SRF Loan Pool Program, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2028  | 3000 | 3335 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Public School Building Authority, City of Harrisburg, Ser S, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2027  | 1000 | 1067 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Public School Building Authority, Lehigh Career & Technical Institute Project, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2027  | 1635 | 1728 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Ser A, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 500 | 543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2028  | 400 | 439 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Pennsylvania Municipal Bond Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2027  | $325 | $353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2029  | 700 | 793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2030  | 1875 | 2176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2031  | 1000 | 1153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 2000 | 2323 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  | 600 | 640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 1550 | 1777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2033  | 375 | 436 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032  | 500 | 574 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Turnpike Commission, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2028  | 500 | 549 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Airport Revenue Authority, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031  | 1100 | 1197 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Airport Revenue Authority, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2026  | 1000 | 1034 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Airport Revenue Authority, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | 2500 | 2648 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Authority for Industrial Development, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2029  | 1000 | 1111 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Gas Works Revenue Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2025  | 1290 | 1357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2026  | 2200 | 2306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  | 1705 | 1835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2029  | 2000 | 2119 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Gas Works Revenue Authority, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2031  | 1000 | 1118 |
| &nbsp;&nbsp;&nbsp;Philadelphia, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  | 750 | 822 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Industrial Development Authority, National Board of Medical Examiners Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2028  | 1005 | 1078 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Industrial Development Authority, Temple University Project, Ser 2015, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2025  | 1000 | 1050 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Philadelphia, Industrial Development Authority, The Children's Hospital of Philadelphia Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2027  | $400 | $436 |
| &nbsp;&nbsp;&nbsp;Philadelphia, School District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2027  | 2850 | 3066 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2026  | 1000 | 1069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2027  | 1000 | 1079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2028  | 1000 | 1088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2031  | 1000 | 1121 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Water & Wastewater Revenue Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2032  | 1250 | 1417 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Water & Wastewater Revenue Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  | 725 | 792 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Water & Wastewater Revenue Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2026  | 475 | 511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  | 1800 | 1968 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Water & Wastewater Revenue Authority, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2031  | 2250 | 2582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2034  | 800 | 919 |
| &nbsp;&nbsp;&nbsp;Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2027  | 1000 | 1097 |
| &nbsp;&nbsp;&nbsp;Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2033  | 1000 | 1114 |
| &nbsp;&nbsp;&nbsp;Pittsburgh, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2027  | 415 | 455 |
| &nbsp;&nbsp;&nbsp;Pittsburgh, Public Parking Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025 (A) | 415 | 438 |
| &nbsp;&nbsp;&nbsp;Pittsburgh, Public Parking Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  | 645 | 672 |
| &nbsp;&nbsp;&nbsp;Pittsburgh, School District, GO, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2025  | 1000 | 1051 |
| &nbsp;&nbsp;&nbsp;Pittsburgh, Water & Sewer Authority, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2026  | 2000 | 2152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2029  | 750 | 845 |
| &nbsp;&nbsp;&nbsp;Pittsburgh, Water & Sewer Authority, Ser B, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2029  | 450 | 507 |
| &nbsp;&nbsp;&nbsp;Quaker Valley, School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2030  | 250 | 287 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Pennsylvania Municipal Bond Fund** (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2031  | $325 | $373 |
| &nbsp;&nbsp;&nbsp;Seneca Valley, School District, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2027  | 1000 | 1049 |
| &nbsp;&nbsp;&nbsp;Souderton Area, School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2024  | 1000 | 1041 |
| &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania, General Revenue Authority, Wellspan Health Obligated, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2024  | 535 | 553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2025  | 500 | 526 |
| &nbsp;&nbsp;&nbsp;Southeastern Pennsylvania, Transportation Authority, Asset Improvement Program, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2032  | 1000 | 1161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2033  | 1000 | 1155 |
| &nbsp;&nbsp;&nbsp;Southeastern Pennsylvania, Transportation Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2026  | 1620 | 1731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2027  | 1000 | 1088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2028  | 725 | 793 |
| &nbsp;&nbsp;&nbsp;State College Area, School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2028  | 280 | 313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2029  | 375 | 419 |
| &nbsp;&nbsp;&nbsp;Unionville-Chadds Ford, School District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2026  | 1000 | 1076 |
| &nbsp;&nbsp;&nbsp;University of Pittsburgh, Commonwealth System of Higher Education, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/15/2026  | 1225 | 1272 |
| &nbsp;&nbsp;&nbsp;Westmoreland County, Municipal Authority, RB, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2024  | 1000 | 1036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2026  | 1610 | 1712 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Wilkes-Barre, Finance Authority, University of Scranton Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2025  | $| 1000 | $1049 |
| Total Municipal Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $159,647) ($ Thousands) |  |  | 153142 |
|  | <br> Shares | <br> Shares |  |
| **CASH EQUIVALENT — 0.8%** | **CASH EQUIVALENT — 0.8%** | **CASH EQUIVALENT — 0.8%** | **CASH EQUIVALENT — 0.8%** |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust, Government Fund, Cl F |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.370%\*\*<sup>†</sup> |  | 1290944 | 1291 |
| Total Cash Equivalent |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,291) ($ Thousands) |  |  | 1291 |
| Total Investments in Securities — 99.4% |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $160,938) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $160,938) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $160,938) ($ Thousands)  | $154433 |

---

---

| | |
|:---|:---|
|  | Percentages are based on Net Assets of $155,347 ($ Thousands). |
| <sup>†</sup> | Investment in Affiliated Security. |
| \*\* | The rate reported is the 7-day effective yield as of November 30, 2022. |
| (A) | Pre-Refunded Securities — The maturity date shown is the pre-refunded date. |
| (B) | Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, 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;Municipal Bonds |  | 153142 |  | 153142 |
| &nbsp;&nbsp;&nbsp;Cash Equivalent | 1291 | – |  | 1291 |
| Total Investments in Securities | 1291 | 153142 |  | 154433 |

---

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund's most recent financial statements.

The following is a summary of the transactions with affiliates for the period ended November 30, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 8/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/ (Loss)** | **Change in Unrealized Appreciation/ (Depreciation)** | **Value 11/30/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust, Government Fund, Cl F | $&nbsp;&nbsp;&nbsp;&nbsp;1913 | $&nbsp;&nbsp;&nbsp;&nbsp;10514 | $&nbsp;&nbsp;&nbsp;&nbsp;(11136) | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;1291 | $&nbsp;&nbsp;&nbsp;&nbsp;12 | $&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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

See "Glossary" for abbreviations.

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** 

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS — 70.7%** | **MUNICIPAL BONDS — 70.7%** | **MUNICIPAL BONDS — 70.7%** |
| **Alabama — 2.6%** | **Alabama — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;Alabama State, Special Care Facilities Financing Authority, Methodist Home for the Aging Project, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 06/01/2045  | $800 | $707 |
| &nbsp;&nbsp;&nbsp;Black Belt, Energy Gas District, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2053 (A) | 3250 | 3389 |
| &nbsp;&nbsp;&nbsp;Black Belt, Energy Gas District, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.953%, 07/01/2052 (A) | 1000 | 987 |
| &nbsp;&nbsp;&nbsp;Central Etowah County, Solid Waste Disposal Authority, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 103  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 07/01/2025 (B)(C) | 795 | 856 |
| &nbsp;&nbsp;&nbsp;Jefferson County, Sewer Revenue Authority, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 10/01/2053  | 12000 | 12867 |
| &nbsp;&nbsp;&nbsp;Lower Alabama, Gas District, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2046  | 1500 | 1545 |
| &nbsp;&nbsp;&nbsp;Southeast Alabama, Gas Supply District, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2049 (A) | 1565 | 1562 |
| &nbsp;&nbsp;&nbsp;Tuscaloosa County, Industrial Development Authority, Hunt Refining Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/01/2032 (C) | 855 | 733 |
| &nbsp;&nbsp;&nbsp;Tuscaloosa County, Industrial Development Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 05/01/2044 (C) | 6065 | 5018 |
|  |  | 27664 |
| **Alaska — 0.3%** | **Alaska — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Alaska State, Industrial Development & Export Authority, Boys & Girls Home Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 12/01/2036 (D) | 200 | 1 |
| &nbsp;&nbsp;&nbsp;Anchorage, Solid Waste Services Revenue, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/01/2062  | 3480 | 3662 |
|  |  | 3663 |
| **Arizona — 1.1%** | **Arizona — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;Arizona State, Industrial Development Authority, Basis Schools Projects, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 07/01/2050 (C) | 1090 | 1050 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Arizona State, Industrial Development Authority, Great Lakes Senior Living Community, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2037  | $| 1000 | $712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2038  |  | 675 | 481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 01/01/2040  |  | 965 | 562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 01/01/2049  |  | 1000 | 592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 01/01/2039  |  | 1000 | 642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 01/01/2040  |  | 750 | 474 |
| &nbsp;&nbsp;&nbsp;Arizona State, Industrial Development Authority, Legacy Cares Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 07/01/2050 (C) |  | 3000 | 2100 |
| &nbsp;&nbsp;&nbsp;Arizona State, Industrial Development Authority, Master Academy Mountain Vista Campus Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/15/2038 (C) |  | 1510 | 1513 |
| &nbsp;&nbsp;&nbsp;La Paz County, Industrial Development Authority, Charter School Solutions-Harmony Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2028  |  | 400 | 410 |
| &nbsp;&nbsp;&nbsp;Maricopa County, Industrial Development Authority, Honor Health Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 09/01/2042  |  | 2500 | 2413 |
| &nbsp;&nbsp;&nbsp;Pima County, Industrial Development Authority, Paideia Academics Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/01/2049  |  | 1050 | 928 |
| &nbsp;&nbsp;&nbsp;Pima County, Industrial Development Authority, Tucson Country Day School Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2037  |  | 265 | 227 |
|  |  |  | 12104 |
| **Arkansas — 0.4%** | **Arkansas — 0.4%** | **Arkansas — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;Arkansas State, Development Finance Authority, Big River Steel Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 09/01/2049 (C) |  | 4250 | 3806 |
| &nbsp;&nbsp;&nbsp;Cabot, Sales & Use Tax, Refunding and Improvement, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2022  |  | 100 | 100 |
|  |  |  | 3906 |
| **California — 9.0%** | **California — 9.0%** | **California — 9.0%** |  |
| &nbsp;&nbsp;&nbsp;Alameda Corridor, Transportation Authority, Ser A-CONV, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/01/2048 (E)(F) |  | 2000 | 962 |
| &nbsp;&nbsp;&nbsp;California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/01/2052 (A) |  | 5000 | 4933 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;California State, Community Housing Agency, Annadel Apartments, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2049 (C) | $1000 | $852 |
| &nbsp;&nbsp;&nbsp;California State, Community Housing Agency, Serenity at Larkspur, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2050 (C) | 1000 | 874 |
| &nbsp;&nbsp;&nbsp;California State, Community Housing Agency, Verdant at Green Valley Project, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2049 (C) | 1000 | 875 |
| &nbsp;&nbsp;&nbsp;California State, Educational Facilities Authority, Loma Linda University, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 04/01/2042  | 5200 | 5470 |
| &nbsp;&nbsp;&nbsp;California State, Infrastructure & Economic Development Bank, Wonderful Foundations, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/01/2035 (G) | 930 | 366 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, California Baptist University Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2046 (C) | 1000 | 980 |
| &nbsp;&nbsp;&nbsp;California State, Municipal Finance Authority, Palomar Health, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 11/01/2052  | 1500 | 1584 |
| &nbsp;&nbsp;&nbsp;California State, Pollution Control Financing Authority, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 12/01/2040 (C) | 750 | 492 |
| &nbsp;&nbsp;&nbsp;California State, Pollution Control Financing Authority, Calplant I Project, Sub-Ser, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 12/01/2039 (C)(D) | 3500 | 175 |
| &nbsp;&nbsp;&nbsp;California State, Pollution Control Financing Authority, Rialto Bioenergy Facility Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 12/01/2028 (C) | 2180 | 1554 |
| &nbsp;&nbsp;&nbsp;California State, Pollution Control Financing Authority, San Jose Water Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 11/01/2046  | 1500 | 1517 |
| &nbsp;&nbsp;&nbsp;California State, Pollution Control Financing Authority, Waste Management Project, Ser A3, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.300%, 07/01/2040  | 1500 | 1466 |
| &nbsp;&nbsp;&nbsp;California State, Public Finance Authority, Enso Village Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2046 (C) | 500 | 423 |
| &nbsp;&nbsp;&nbsp;California State, School Finance Authority, Downtown Prep-Obligated Group, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2046 (C) | 1000 | 891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2051 (C) | 1000 | 875 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;California State, Statewide Communities Development Authority, Essential Housing, Waterscape Apartments, Ser B-MEZZ, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2046 (C) | $425 | $322 |
| &nbsp;&nbsp;&nbsp;California State, Statewide Communities Development Authority, Loma Linda University Medical Center Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/01/2056 (C) | 2150 | 2138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2041 (C) | 2500 | 2499 |
| &nbsp;&nbsp;&nbsp;California State, Statewide Communities Development Authority, Pasadena Portfolio, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 09/01/2062 (C)(E)(F) | 7800 | 3689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2037 (C) | 2900 | 2685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2056 (C) | 1750 | 1282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2056 (C) | 500 | 347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/01/2057 (C) | 1000 | 679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2057 (C) | 500 | 335 |
| &nbsp;&nbsp;&nbsp;California State, Statewide Financing Authority, Tobacco Settlement, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/01/2037  | 6000 | 6104 |
| &nbsp;&nbsp;&nbsp;CMFA, Special Finance Agency, Solana at Grand, Ser A-2-JUNIOR, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2045 (C) | 1100 | 843 |
| &nbsp;&nbsp;&nbsp;CSCDA, Community Improvement Authority, MODA at Monrovia Station, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.400%, 10/01/2046 (C) | 1000 | 741 |
| &nbsp;&nbsp;&nbsp;CSCDA, Community Improvement Authority, Pasadena Portfolio, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.650%, 12/01/2046 (C) | 2230 | 1688 |
| &nbsp;&nbsp;&nbsp;Fremont, Community Facilities District No. 1, Pacific Commons Project, SAB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2040  | 2000 | 2031 |
| &nbsp;&nbsp;&nbsp;Golden State, Tobacco Securitization Project, Sub-Ser B-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2066 (G) | 43000 | 4610 |
| &nbsp;&nbsp;&nbsp;Golden State, Tobacco Securitization, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.850%, 06/01/2050  | 2500 | 2253 |
| &nbsp;&nbsp;&nbsp;Long Beach, Towne Center Project, SAB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.400%, 10/01/2023  | 650 | 655 |
| &nbsp;&nbsp;&nbsp;Los Angeles, Department of Water & Power, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2041  | 10000 | 11060 |
| &nbsp;&nbsp;&nbsp;Morongo, Band of Mission Indians, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2042 (C) | 1000 | 1001 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;M-S-R, Energy Authority, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 11/01/2039  | $| 5885 | $7133 |
| &nbsp;&nbsp;&nbsp;Northern California, Tobacco Securitization Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2060 (G) |  | 10040 | 1542 |
| &nbsp;&nbsp;&nbsp;Palomar, Community College District, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.836%, 08/01/2029  |  | 7000 | 5777 |
| &nbsp;&nbsp;&nbsp;Poway, School Facilities Improvement Authority, Unified School District Capital Appreciation Project, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 08/01/2038 (G) |  | 5410 | 2821 |
| &nbsp;&nbsp;&nbsp;Roseville, West Park Community Facilities Authority, SAB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2030  |  | 1000 | 1034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2031  |  | 1000 | 1033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2032  |  | 1000 | 1032 |
| &nbsp;&nbsp;&nbsp;San Clemente, Special Tax Community, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2046  |  | 1085 | 1097 |
| &nbsp;&nbsp;&nbsp;San Francisco City & County, Successor Redevelopment Agency, Mission Bays Public Improvement Project, SAB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2030  |  | 1000 | 1001 |
| &nbsp;&nbsp;&nbsp;Southern California, Tobacco Securitization Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2054 (G) |  | 5700 | 1022 |
| &nbsp;&nbsp;&nbsp;Southern California, Tobacco Securitization Authority, Sub-Ser, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2046 (G) |  | 12000 | 2145 |
| &nbsp;&nbsp;&nbsp;Tustin, Community Facilities District, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2040  |  | 750 | 762 |
| &nbsp;&nbsp;&nbsp;Windsor, Unified School District, Election 2008, Ser D, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 08/01/2035 (G) |  | 1800 | 1074 |
|  |  |  | 96724 |
| **Colorado — 2.1%** | **Colorado — 2.1%** | **Colorado — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;Aurora, Harvest Crossing Metropolitan District No. 4, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 12/01/2052  |  | 1500 | 1410 |
| &nbsp;&nbsp;&nbsp;Aviation Station North, Metropolitan District No. 2, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2039  |  | 500 | 462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2048  |  | 500 | 434 |
| &nbsp;&nbsp;&nbsp;Berthoud-Heritage, Metropolitan District No. 10, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 12/01/2052  |  | 500 | 386 |
| &nbsp;&nbsp;&nbsp;Brighton Crossing, Metropolitan District No. 4, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2037  |  | 525 | 508 |
| &nbsp;&nbsp;&nbsp;Broadway Station, Metropolitan District No. 3, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2049  |  | 500 | 401 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Chambers Highpoint, Metropolitan District No. 2, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2041  | $515 | $459 |
| &nbsp;&nbsp;&nbsp;Colorado International Center Metropolitan, District No. 7, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/01/2051 (E)(F) | 2000 | 1028 |
| &nbsp;&nbsp;&nbsp;Colorado State, Educational & Cultural Facilities Authority, New Summit Charter Acadamy Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2061 (C) | 600 | 422 |
| &nbsp;&nbsp;&nbsp;Colorado State, Health Facilities Authority, Commonspirit Health, Ser A-, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2044  | 5000 | 4337 |
| &nbsp;&nbsp;&nbsp;Colorado State, Public Energy Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 11/15/2028  | 650 | 695 |
| &nbsp;&nbsp;&nbsp;Denver City & County, Airport System Revenue Authority, Ser A, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2029  | 2000 | 2176 |
| &nbsp;&nbsp;&nbsp;Denver, International Business Center Metropolitan District No. 1, Sub-Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 12/01/2048  | 1145 | 1117 |
| &nbsp;&nbsp;&nbsp;Dominion, Water & Sanitation District, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 12/01/2052  | 4000 | 3866 |
| &nbsp;&nbsp;&nbsp;Great Western, Metropolitan District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 12/01/2050  | 1000 | 838 |
| &nbsp;&nbsp;&nbsp;Hogback, Metropolitan District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2051  | 590 | 496 |
| &nbsp;&nbsp;&nbsp;Prairie Center, Metropolitan District No. 3, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/15/2041 (C) | 875 | 815 |
| &nbsp;&nbsp;&nbsp;Pronghorn Valley, Metropolitan District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2051  | 250 | 183 |
| &nbsp;&nbsp;&nbsp;Serenity Ridge, Metropolitan District No. 2, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 103  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 12/01/2023 (B) | 550 | 579 |
| &nbsp;&nbsp;&nbsp;Sterling Ranch, Community Authority Board, Sub-Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 12/15/2047  | 1090 | 1114 |
| &nbsp;&nbsp;&nbsp;Village at Dry Creek, Metropolitan District No. 2, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 12/01/2044  | 776 | 636 |
| &nbsp;&nbsp;&nbsp;Westgate, Metropolitan District, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 12/01/2051  | 1000 | 830 |
| &nbsp;&nbsp;&nbsp;Whispering Pines, Metropolitan District No. 1, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2047  | 500 | 453 |
|  |  | 23645 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **Connecticut — 0.3%** | **Connecticut — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Connecticut State, Health & Educational Facility Authority, Church Home of Hartford Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2046 (C) | $1000 | $902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2053 (C) | 1500 | 1321 |
| &nbsp;&nbsp;&nbsp;New Haven, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2026  | 580 | 614 |
|  |  | 2837 |
| **Delaware — 1.1%** | **Delaware — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;Affordable Housing Opportunities Trust, Northwest One, Ser AH-07-CL, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.120%, 10/01/2038 (C) | 1935 | 1851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.167%, 10/01/2038 (A)(C) | 10965 | 9327 |
|  |  | 11178 |
| **Florida — 1.9%** | **Florida — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;Atlantic Beach, Health Care, Fleet Landing Project, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 11/15/2043  | 1325 | 1333 |
| &nbsp;&nbsp;&nbsp;Capital Trust Agency, First Mortgage Revenue, Tapestry Walden Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 07/01/2037 (C)(D) | 1585 | 365 |
| &nbsp;&nbsp;&nbsp;Capital Trust Agency, H-Bay Ministries, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2053 (D) | 750 | 135 |
| &nbsp;&nbsp;&nbsp;Capital Trust Agency, Renaissance Charter School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2049 (C) | 1000 | 861 |
| &nbsp;&nbsp;&nbsp;Capital Trust Agency, Wonderful Foundations Charter, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2055 (C) | 3500 | 2711 |
| &nbsp;&nbsp;&nbsp;Charlotte County, Industrial Development Authority, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2051 (C) | 500 | 369 |
| &nbsp;&nbsp;&nbsp;Florida State, Development Finance, Global Reach Charter Acadamy Projects, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/30/2056 (C) | 765 | 512 |
| &nbsp;&nbsp;&nbsp;Florida State, Higher Educational Facilities Financial Authority, Jacksonville University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 06/01/2033 (C) | 500 | 454 |
| &nbsp;&nbsp;&nbsp;Florida State, Village Community Development District No. 10, SAB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/01/2044  | 1865 | 1875 |
| &nbsp;&nbsp;&nbsp;Florida State, Village Community Development District No. 12, SAB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 05/01/2023 (C) | 320 | 319 |
| &nbsp;&nbsp;&nbsp;Highlands County, Health Facilities Authority, Senior Living Revenue, Trousdale Foundation Properties, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 04/01/2038 (D) | 400 | 150 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Miami-Dade County, Special Obligation, Sub-Ser, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/01/2032 (G) | $| 2900 | $1959 |
| &nbsp;&nbsp;&nbsp;Miami-Dade County, Transit System, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2045  |  | 3000 | 2867 |
| &nbsp;&nbsp;&nbsp;Midtown Miami, Community Development District, Parking Garage Project, Ser A, SAB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2029  |  | 990 | 990 |
| &nbsp;&nbsp;&nbsp;Polk County, Industrial Development Authority, Mineral Development Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 01/01/2033 (C) |  | 3620 | 3618 |
| &nbsp;&nbsp;&nbsp;Sarasota County, Health Facilities Authority, Sunnyside Village Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2033  |  | 630 | 631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/15/2028  |  | 1205 | 1169 |
| &nbsp;&nbsp;&nbsp;Trout Creek, Community Development District, SAB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2028  |  | 355 | 358 |
|  |  |  | 20676 |
| **Georgia — 2.2%** | **Georgia — 2.2%** | **Georgia — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;Gainesville & Hall County, Development Authority, Riverside Military Academy Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 03/01/2052  |  | 1620 | 1044 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2049  |  | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;Georgia State, Main Street Natural Gas, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2052 (A) |  | 6000 | 6189 |
| &nbsp;&nbsp;&nbsp;Georgia State, Municipal Electric Authority, Plant Voltage Units 3 & 4 Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/2063  |  | 5500 | 5650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2059  |  | 500 | 501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2060  |  | 5000 | 5002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2063  |  | 1700 | 1701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/01/2049  |  | 1000 | 900 |
|  |  |  | 21987 |
| **Idaho — 0.0%** | **Idaho — 0.0%** | **Idaho — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;Idaho State, Housing & Finance Association, Compass Charter School Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 07/01/2029 (C) |  | 335 | 339 |
| **Illinois — 7.1%** | **Illinois — 7.1%** | **Illinois — 7.1%** |  |
| &nbsp;&nbsp;&nbsp;Chicago, Board of Education, GO, NATL  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/01/2023 (G) |  | 545 | 525 |
| &nbsp;&nbsp;&nbsp;Chicago, Board of Education, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2035  |  | 1500 | 1490 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Chicago, Board of Education, Ser C, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/01/2035  | $2500 | $2514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  | 1000 | 1012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2027  | 500 | 506 |
| &nbsp;&nbsp;&nbsp;Chicago, Board of Education, Ser D, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2046  | 5000 | 4692 |
| &nbsp;&nbsp;&nbsp;Chicago, Board of Education, Ser G, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2034  | 3000 | 2981 |
| &nbsp;&nbsp;&nbsp;Chicago, Neighborhoods Alive 21 Program, Ser 2002B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/01/2034  | 1750 | 1765 |
| &nbsp;&nbsp;&nbsp;Chicago, O'Hare International Airport, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2052  | 3125 | 3171 |
| &nbsp;&nbsp;&nbsp;Chicago, Project and Refunding, Ser 2005D, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/01/2034  | 3500 | 3530 |
| &nbsp;&nbsp;&nbsp;Chicago, Project and Refunding, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 01/01/2038  | 10500 | 10910 |
| &nbsp;&nbsp;&nbsp;Chicago, River Point Plaza Redevelopment Project, COP  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.835%, 04/15/2028 (C) | 1400 | 1379 |
| &nbsp;&nbsp;&nbsp;Chicago, Sales Tax Revenue, Ser 2002, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2025 (B) | 2500 | 2618 |
| &nbsp;&nbsp;&nbsp;Chicago, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 01/01/2033  | 2000 | 2007 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Acero Charter Schools, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2042 (C) | 250 | 197 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, American Water Capital, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.450%, 10/01/2039 (A) | 1250 | 1112 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Art in Motion Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2051 (C) | 1000 | 741 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Friendship Village of Schaumburg Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 02/15/2045 (D) | 1750 | 857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2037 (D) | 1750 | 857 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Friendship Village Schamurg Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2022 (D) | 1000 | 490 |
| &nbsp;&nbsp;&nbsp;Illinois State, Finance Authority, Plymouth Place, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2025 (B) | 500 | 526 |
| &nbsp;&nbsp;&nbsp;Illinois State, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 05/01/2030  | 2000 | 2182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/2038  | 1500 | 1508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2026  | 4500 | 4569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2039  | 5000 | 5018 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Illinois State, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2026  | $| 2000 | $2015 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser A, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 05/01/2037  |  | 2500 | 2480 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser B, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  |  | 2500 | 2601 |
| &nbsp;&nbsp;&nbsp;Illinois State, Ser D, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2027  |  | 6000 | 6265 |
| &nbsp;&nbsp;&nbsp;Illinois State, Sub-Ser D, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/15/2031  |  | 3005 | 2751 |
| &nbsp;&nbsp;&nbsp;Metropolitan Pier & Exposition Authority, Ser B, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/15/2045 (G) |  | 7500 | 2503 |
| &nbsp;&nbsp;&nbsp;Village of Hillside, TA  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2030  |  | 1345 | 1326 |
| &nbsp;&nbsp;&nbsp;Will County, Community High School District No. 210 Lincoln-Way, Ser B, GO, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/01/2029 (G) |  | 400 | 320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/01/2031 (G) |  | 300 | 221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/01/2033 (G) |  | 100 | 67 |
|  |  |  | 77706 |
| **Indiana — 1.2%** | **Indiana — 1.2%** | **Indiana — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;Indiana State, Finance Authority, Ohio River Bridge Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2023 (B) |  | 1000 | 1012 |
| &nbsp;&nbsp;&nbsp;Indiana State, Finance Authority, Ohio Valley Electric Corp. Project, Ser 2012A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 11/01/2030  |  | 1000 | 972 |
| &nbsp;&nbsp;&nbsp;Indiana State, Finance Authority, Ohio Valley Electric Corp. Project, Ser 2012C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 11/01/2030  |  | 2500 | 2225 |
| &nbsp;&nbsp;&nbsp;Indiana State, Finance Authority, Polyflow Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 03/01/2039 (C) |  | 11000 | 8274 |
|  |  |  | 12483 |
| **Iowa — 0.3%** | **Iowa — 0.3%** | **Iowa — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Iowa State, Finance Authority, Council Bluffs Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.950%, 08/01/2023  |  | 85 | 84 |
| &nbsp;&nbsp;&nbsp;Iowa State, Finance Authority, Deerfield Retirement Community Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.400%, 11/15/2024 (A)(B) |  | 603 | 628 |
| &nbsp;&nbsp;&nbsp;Iowa State, Finance Authority, Northcrest Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2028  |  | 1150 | 1142 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Iowa State, Student Loan Liquidity, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2026  | $| 725 | $761 |
| &nbsp;&nbsp;&nbsp;Iowa State, Tobacco Settlement Authority, Sub-Ser B-, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2065 (G) |  | 1490 | 163 |
|  |  |  | 2778 |
| **Kansas — 0.3%** | **Kansas — 0.3%** | **Kansas — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Kansas State, Development Finance Authority, Village of Shalom Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/15/2038  |  | 1025 | 850 |
| &nbsp;&nbsp;&nbsp;Wichita, Presbyterian Manor Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2050  |  | 600 | 501 |
| &nbsp;&nbsp;&nbsp;Wichita, Presbyterian Manor Project, Ser I, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2028  |  | 500 | 489 |
| &nbsp;&nbsp;&nbsp;Wyandotte County, Kansas City Unified Government, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 09/01/2034 (C)(G) |  | 2500 | 869 |
|  |  |  | 2709 |
| **Kentucky — 0.7%** | **Kentucky — 0.7%** | **Kentucky — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;Kentucky State, Economic Development Finance Authority, Bapitist Life Community Project, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 11/15/2046  |  | 1000 | 841 |
| &nbsp;&nbsp;&nbsp;Kentucky State, Economic Development Finance Authority, Baptist Life Community Project, Ser S, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 11/15/2036  |  | 1700 | 1492 |
| &nbsp;&nbsp;&nbsp;Scott County, School District Finance, RB, BAM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2041  |  | 5000 | 5450 |
|  |  |  | 7783 |
| **Louisiana — 0.3%** | **Louisiana — 0.3%** | **Louisiana — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Louisiana State, Local Government Environmental Facilities & Community Development Authority, Cameron Parish GOMESA Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.650%, 11/01/2037 (C) |  | 900 | 906 |
| &nbsp;&nbsp;&nbsp;Louisiana State, Local Government Environmental Facilities & Community Development Authority, Jefferson Parish GOMESA Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2044 (C) |  | 500 | 378 |
| &nbsp;&nbsp;&nbsp;Louisiana State, Local Government Environmental Facilities & Community Development Authority, Terrebonne Parish GOMESA Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/01/2039 (C) |  | 800 | 790 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;St. John the Baptist Parish, Marathon Oil Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.125%, 06/01/2037 (A) | $| 1140 | $1103 |
|  |  |  | 3177 |
| **Maine — 0.2%** | **Maine — 0.2%** | **Maine — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;Maine State, Finance Authority, Solid Waste Disposal, Coastal Resource, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 12/15/2033 (C)(D) |  | 2000 | 24 |
| &nbsp;&nbsp;&nbsp;Maine State, Health & Higher Educational Facilities Authority, Eastern Maine Health Care, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2046  |  | 2600 | 2602 |
|  |  |  | 2626 |
| **Maryland — 0.3%** | **Maryland — 0.3%** | **Maryland — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Maryland State, Economic Development Corporation, Purple Line Light Rail Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/30/2055  |  | 625 | 645 |
| &nbsp;&nbsp;&nbsp;Prince George's County, Chesapeake Lighthouse Charter School Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 08/01/2048  |  | 1500 | 1586 |
|  |  |  | 2231 |
| **Michigan — 2.1%** | **Michigan — 2.1%** | **Michigan — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;Detroit, Ser B-1, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/01/2044 (A)(F) |  | 3800 | 2787 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Detroit Water and Sewerage Project, Senior Lien, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033  |  | 3000 | 3078 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Local Government Loan Program, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 10/01/2029  |  | 5750 | 5757 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Public School Academy, Bradford Academy Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2050  |  | 310 | 245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.800%, 09/01/2040  |  | 185 | 153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.300%, 09/01/2030  |  | 120 | 108 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2045 (G) |  | 5000 | 1053 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Tobacco Settlement, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2046 (G) |  | 21000 | 2376 |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Tobacco Settlement, Ser B-2-CLASS, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2065 (G) |  | 20000 | 1690 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Michigan State, Finance Authority, Tobacco Settlement, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2058 (G) | $| 125250 | $5605 |
|  |  |  | 22852 |
| **Minnesota — 0.6%** | **Minnesota — 0.6%** | **Minnesota — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;Independence, Beacon Academy Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 07/01/2026  |  | 615 | 596 |
| &nbsp;&nbsp;&nbsp;Minneapolis, Education Authority, Twin Cities International School, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2032 (C) |  | 750 | 750 |
| &nbsp;&nbsp;&nbsp;Minneapolis, NorthEast College Prep Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2055  |  | 710 | 580 |
| &nbsp;&nbsp;&nbsp;Shakopee, Senior Housing Revenue, Benedictine Living Community Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.850%, 11/01/2058 (A)(C) |  | 500 | 492 |
| &nbsp;&nbsp;&nbsp;St. Cloud, Health Care Revenue, Centracare Health System, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2049  |  | 4000 | 3618 |
| &nbsp;&nbsp;&nbsp;St. Cloud, Stride Academy Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 04/01/2026  |  | 350 | 320 |
|  |  |  | 6356 |
| **Missouri — 0.7%** | **Missouri — 0.7%** | **Missouri — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;Lees Summit, Industrial Development Authority, John Knox Village Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/15/2051  |  | 1050 | 883 |
| &nbsp;&nbsp;&nbsp;Missouri State, Development Finance Board, Saint Louis Zoo Projects, Ser 2022, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 05/01/2055  |  | 4005 | 4163 |
| &nbsp;&nbsp;&nbsp;St. Louis, Land Clearance for Redevelopment Authority, National Geospacial Intelligence, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 06/01/2046  |  | 2370 | 2408 |
|  |  |  | 7454 |
| **Montana — 0.1%** | **Montana — 0.1%** | **Montana — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;Kalispel, Housing and Health Care Facilities, Immanuel Lutheran Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 05/15/2052  |  | 1500 | 1188 |
| **Nevada — 0.9%** | **Nevada — 0.9%** | **Nevada — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;Nevada State, Department of Business & Industry, Fulcrum Sierra Biofuels Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.950%, 02/15/2038 (C) |  | 3000 | 2672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 12/15/2037 (C) |  | 2355 | 1784 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Reno, Sub-Ser D, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/01/2058 (C)(G) | $| 10000 | $965 |
| &nbsp;&nbsp;&nbsp;Reno, Sub-Ser, TRAN  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/01/2058 (C)(G) |  | 23000 | 2703 |
|  |  |  | 8124 |
| **New Jersey — 1.7%** | **New Jersey — 1.7%** | **New Jersey — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Kapowski Road Landfill Project, SAB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 04/01/2031  |  | 2500 | 2490 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Portal North Bridge Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2052  |  | 4000 | 4092 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Economic Development Authority, Sub-Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 07/01/2029  |  | 445 | 436 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Educational Facilities Authority, Stockton University, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2041  |  | 2000 | 2025 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Tobacco Settlement Financing, Sub-Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2046  |  | 770 | 744 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/15/2030 (G) |  | 1000 | 712 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Fund Authority, Transportation Program, Ser AA, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/15/2041 |  | 1250 | 1275 |
| &nbsp;&nbsp;&nbsp;New Jersey State, Transportation Trust Fund Authority, Fund Authority, Transportation Program, Ser CC, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 06/15/2050  |  | 500 | 536 |
| &nbsp;&nbsp;&nbsp;Newark, GO, NATL  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 04/01/2033 (G) |  | 6220 | 3559 |
| &nbsp;&nbsp;&nbsp;South Jersey, Transportation Authority, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2039  |  | 2500 | 2542 |
|  |  |  | 18411 |
| **New York — 8.4%** | **New York — 8.4%** | **New York — 8.4%** |  |
| &nbsp;&nbsp;&nbsp;Build NYC Resource, NYU Law School Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2041  |  | 1500 | 1506 |
| &nbsp;&nbsp;&nbsp;Hempstead Town, Local Development, Acadamy Charter School Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.600%, 02/01/2051  |  | 500 | 371 |
| &nbsp;&nbsp;&nbsp;Hempstead Town, Local Development, Academy Christian School Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.760%, 02/01/2048  |  | 1000 | 1052 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Monroe County, Industrial Development, Ann's Community Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2040  | $1500 | $1266 |
| &nbsp;&nbsp;&nbsp;New York City, Industrial Development Agency, Yankee Stadium Project, RB, FGIC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.625%, 03/01/2026 (A) | 425 | 435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.615%, 03/01/2025 (A) | 400 | 407 |
| &nbsp;&nbsp;&nbsp;New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2039  | 8000 | 8864 |
| &nbsp;&nbsp;&nbsp;New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser D-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/01/2045  | 5000 | 5692 |
| &nbsp;&nbsp;&nbsp;New York Counties, Tobacco Trust IV, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2055 (G) | 57000 | 3859 |
| &nbsp;&nbsp;&nbsp;New York Counties, Tobacco Trust V, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2055 (G) | 28000 | 1980 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Pace University Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/2023 (B) | 10 | 10 |
| &nbsp;&nbsp;&nbsp;New York State, Dormitory Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/15/2048  | 8000 | 7577 |
| &nbsp;&nbsp;&nbsp;New York State, Liberty Development Authority, Goldman Sachs Headquarters Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 10/01/2037  | 1000 | 1119 |
| &nbsp;&nbsp;&nbsp;New York State, Liberty Development Authority, World Trade Center Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 11/15/2040 (C) | 4000 | 4002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2044 (C) | 10750 | 10122 |
| &nbsp;&nbsp;&nbsp;New York State, Thruway Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2046  | 4000 | 4305 |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, Delta Airlines, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2025  | 5000 | 5045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2029  | 545 | 555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2033  | 4085 | 4132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2040  | 1500 | 1495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 10/01/2045  | 3000 | 2731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/2030  | 1000 | 972 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, JFK International Airport Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 08/01/2031  | $| 1300 | $1329 |
| &nbsp;&nbsp;&nbsp;New York State, Transportation Development, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2046  |  | 3985 | 3953 |
| &nbsp;&nbsp;&nbsp;Suffolk, Tobacco Asset Securitization, Sub-Ser, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2066 (G) |  | 21000 | 2195 |
| &nbsp;&nbsp;&nbsp;Syracuse, Industrial Development Agency, Carousel Center Project, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.693%, 01/01/2028 (C) |  | 1800 | 1751 |
| &nbsp;&nbsp;&nbsp;TSASC, Tobacco Settlement Bond, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2033  |  | 5790 | 5961 |
| &nbsp;&nbsp;&nbsp;TSASC, Tobacco Settlement Bond, Sub-Ser, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2045  |  | 4250 | 3998 |
| &nbsp;&nbsp;&nbsp;Ulster County, Capital Resource, Woodland Pond at New Paltz, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 09/15/2047  |  | 1000 | 763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 09/15/2053  |  | 2500 | 1839 |
|  |  |  | 89286 |
| **North Carolina — 0.1%** | **North Carolina — 0.1%** | **North Carolina — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;North Carolina State, Medical Care Commission, United Church Homes and Services, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2023 (H) |  | 610 | 621 |
| **North Dakota — 0.2%** | **North Dakota — 0.2%** | **North Dakota — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;Grand Forks County, Solid Waste Facility, Red River Biorefinery Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 12/15/2043 (C)(D) |  | 1500 | 843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 12/15/2031 (C)(D) |  | 1000 | 596 |
|  |  |  | 1439 |
| **Ohio — 2.5%** | **Ohio — 2.5%** | **Ohio — 2.5%** |  |
| &nbsp;&nbsp;&nbsp;Buckeye, Tobacco Settlement Financing Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2055  |  | 3500 | 3207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2057 (G) |  | 47500 | 5552 |
| &nbsp;&nbsp;&nbsp;Franklin County, Convention Facilities Authority, Greater Columbus Convention Center, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2044  |  | 4000 | 3958 |
| &nbsp;&nbsp;&nbsp;Lake County, Port & Economic Development Authority, 1st Mortgage - Tapestry Wickliffe, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 12/01/2052 (C)(D) |  | 650 | 162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 12/01/2037 (C)(D) |  | 1100 | 275 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Montgomery County, Trousdale Foundation Properties Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 04/01/2049 (C)(D) | $| 1900 | $714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 04/01/2038 (C)(D) |  | 1615 | 607 |
| &nbsp;&nbsp;&nbsp;Ohio State, Air Quality Development Authority, American Electric Corporation, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 04/01/2028 (A) |  | 3420 | 3293 |
| &nbsp;&nbsp;&nbsp;Ohio State, Air Quality Development Authority, Duke Energy, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 11/01/2039 (A) |  | 3500 | 3482 |
| &nbsp;&nbsp;&nbsp;Ohio State, Air Quality Development Authority, Vanadium Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2049 (C) |  | 2250 | 2073 |
| &nbsp;&nbsp;&nbsp;Southern Ohio, Port Authority, Purecycle Project, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 12/01/2030 (C)(D) |  | 3000 | 2674 |
|  |  |  | 25997 |
| **Oklahoma — 0.5%** | **Oklahoma — 0.5%** | **Oklahoma — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;Comanche County, Hospital Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2025  |  | 1500 | 1513 |
| &nbsp;&nbsp;&nbsp;Oklahoma State, Development Finance Authority, Alden Group Renewable Energy, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 12/01/2041 (C) |  | 2500 | 1960 |
| &nbsp;&nbsp;&nbsp;Oklahoma State, Development Finance Authority, Oklahoma City University Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2035  |  | 2790 | 2498 |
| &nbsp;&nbsp;&nbsp;Payne County, Economic Development Authority, Epworth Living Retirement Community, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 11/01/2051 (D) |  | 2163 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 11/01/2046 (D) |  | 1081 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 11/01/2036 (D) |  | 522 | 1 |
|  |  |  | 5980 |
| **Oregon — 0.1%** | **Oregon — 0.1%** | **Oregon — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;Clackamas County, Hospital Facility Authority, Willametter View Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/15/2052  |  | 1500 | 1372 |
| &nbsp;&nbsp;&nbsp;Oregon State, Business Development Commission, Red Rock Biofuels LLC, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 04/01/2031 (C)(D) |  | 11100 | 810 |
| &nbsp;&nbsp;&nbsp;Salem, Hospital Facility Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2023  |  | 100 | 100 |
|  |  |  | 2282 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **Pennsylvania — 1.9%** | **Pennsylvania — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;Berks County, Industrial Development Authority, The Highlands at Wyomissing Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/2029  | $300 | $304 |
| &nbsp;&nbsp;&nbsp;Blythe Township, Solid Waste Authority, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 12/01/2027 (B) | 3875 | 4510 |
| &nbsp;&nbsp;&nbsp;Chester County, Industrial Development Authority, Woodlands at Graystone Project, SAB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 03/01/2028 (C) | 275 | 269 |
| &nbsp;&nbsp;&nbsp;Franklin County, Industrial Development Authority, Menno-Haven Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  | 495 | 480 |
| &nbsp;&nbsp;&nbsp;Lancaster County, Hospital Authority, Penn State Health System Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2046  | 2500 | 2556 |
| &nbsp;&nbsp;&nbsp;Lancaster County, Hospital Authority, Penn State Health, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2051  | 3000 | 3054 |
| &nbsp;&nbsp;&nbsp;Montgomery County, Higher Education & Health Authority, Thomas Jefferson University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/2049  | 1000 | 884 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2034  | 2000 | 2159 |
| &nbsp;&nbsp;&nbsp;Pennsylvania State, Economic Development Financing Authority, Consol Energy Inc Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 04/01/2051 (A)(C) | 2040 | 2322 |
| &nbsp;&nbsp;&nbsp;Philadelphia, Industrial Development Authority, University Square Apartments Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 12/01/2058 (C) | 2000 | 1773 |
| &nbsp;&nbsp;&nbsp;Southcentral Pennsylvania, General Authority, York Academy Regional Christian School Program, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 07/15/2048 (C) | 2800 | 2893 |
| &nbsp;&nbsp;&nbsp;Washington County, Redevelopment Authority, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2023  | 195 | 194 |
| &nbsp;&nbsp;&nbsp;West Cornwall Township, Municipal Authority, Pleasant View Retirement Community, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/15/2023  | 235 | 231 |
|  |  | 21629 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **Puerto Rico — 7.3%** | **Puerto Rico — 7.3%** |  |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Electric Power Authority, Ser AAA, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/01/2030 (D) | $200 | $148 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Electric Power Authority, Ser UU, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.046%, 07/01/2029 (A) | 9040 | 8471 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Electric Power Authority, Ser V, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/2020 (D) | 1380 | 1023 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Electric Power Authority, Ser ZZ, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/01/2019 (D) | 1265 | 933 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, GDB Debt Recovery Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 08/20/2040  | 10947 | 9141 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Highway & Transportation Authority, Ser G, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2042 (D) | 3000 | 600 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Highway & Transportation Authority, Ser H-REMK, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.450%, 07/01/2035 (D) | 2340 | 468 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Highway & Transportation Authority, Ser K, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2026 (D) | 3040 | 608 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Highway & Transportation Authority, Ser M, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2046 (D) | 10000 | 2000 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sales Tax Financing Sales Tax Revenue, Ser A2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.784%, 07/01/2058  | 11604 | 10578 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sales Tax Financing Sales Tax Revenue, Ser A-2A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.550%, 07/01/2040  | 2000 | 1858 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2058  | 6253 | 5917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/01/2046 (G) | 12100 | 3034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/01/2051 (G) | 37000 | 6916 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/01/2024 (G) | 399 | 366 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Ser A1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 07/01/2027  | 2578 | 2638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2041  | 5000 | 4004 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sub-Ser CW, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 11/01/2043 (A)(E) | 16691 | 7594 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sub-Ser Senior, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 11/01/2051 (A)(E) | 10927 | 4876 |
| &nbsp;&nbsp;&nbsp;Puerto Rico, Sub-Ser, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 11/01/2051 (A)(E) | 18711 | 6619 |
|  |  | 77792 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| **Rhode Island — 0.3%** | **Rhode Island — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;Rhode Island State, Tobacco Settlement Financing Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2052 (G) | $6890 | $1115 |
| &nbsp;&nbsp;&nbsp;Rhode Island State, Tobacco Settlement Financing Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2050  | 2000 | 2003 |
|  |  | 3118 |
| **South Carolina — 0.7%** | **South Carolina — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;South Carolina State, Jobs-Economic Development Authority, Bon Secours Mercy Health, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2046  | 2000 | 2093 |
| &nbsp;&nbsp;&nbsp;South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 02/01/2045 (C)(D) | 1000 | 400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 02/01/2027 (C)(D) | 1000 | 400 |
| &nbsp;&nbsp;&nbsp;South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 12/06/2029 (D) | 155 | 127 |
| &nbsp;&nbsp;&nbsp;South Carolina State, Public Service Authority, Santee Cooper Project, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.784%, 12/01/2041  | 5059 | 4919 |
|  |  | 7939 |
| **Tennessee — 1.4%** | **Tennessee — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;Bristol, Industrial Development Board, Pinnacle Project, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 06/01/2035  | 2000 | 1803 |
| &nbsp;&nbsp;&nbsp;Memphis-Shelby County, Industrial Development Board, Graceland Project, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/2037 (D) | 700 | 510 |
| &nbsp;&nbsp;&nbsp;Nashville, Metropolitan Development & Housing Agency, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 06/01/2028 (C) | 495 | 495 |
| &nbsp;&nbsp;&nbsp;Shelby County, Health Educational & Housing Facilities Board, The Farms at Baily Station, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 10/01/2059  | 2500 | 2141 |
| &nbsp;&nbsp;&nbsp;Tennergy, Gas Supply, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 10/01/2053 (A) | 3000 | 3133 |
| &nbsp;&nbsp;&nbsp;Tennessee State, Energy Acquisition, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 09/01/2026  | 2355 | 2429 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Tennessee State, Energy Acquisition, Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/01/2027  | $| 4000 | $4089 |
|  |  |  | 14600 |
| **Texas — 3.5%** | **Texas — 3.5%** | **Texas — 3.5%** |  |
| &nbsp;&nbsp;&nbsp;Angelina & Neches, River Authority, Jefferson Enterprise Energy, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.000%, 12/01/2045 (C) |  | 3000 | 2605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 12/01/2045 (C) |  | 1750 | 1334 |
| &nbsp;&nbsp;&nbsp;Baytown, Municipal Development District, Baytown Convention Center Hotel, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2050 (C) |  | 500 | 411 |
| &nbsp;&nbsp;&nbsp;Brazoria County, Industrial Development, Aleon Renewable Metals, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 06/01/2042 (A)(C) |  | 1500 | 1465 |
| &nbsp;&nbsp;&nbsp;Brazoria County, Industrial Development, Gladieux Metals Recycling Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 03/01/2039 (C) |  | 9470 | 9999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 03/01/2039  |  | 500 | 462 |
| &nbsp;&nbsp;&nbsp;Calhoun County, Navigation Industrial Development Authority, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 07/01/2026 (C) |  | 2000 | 1797 |
| &nbsp;&nbsp;&nbsp;Clifton, Higher Education Finance, International Leadership Project, Ser D, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 08/15/2048  |  | 1250 | 1271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 08/15/2038  |  | 1500 | 1530 |
| &nbsp;&nbsp;&nbsp;New Hope, Cultural Education Facilities, Cardinal Bay Village Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/2046 (D) |  | 1250 | 625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2031 (D) |  | 250 | 125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2046 (D) |  | 2000 | 1250 |
| &nbsp;&nbsp;&nbsp;New Hope, Cultural Education Facilities, Edgemere Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2047  |  | 1500 | 1361 |
| &nbsp;&nbsp;&nbsp;New Hope, Cultural Education Facilities, Longhorn Village Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2042  |  | 500 | 465 |
| &nbsp;&nbsp;&nbsp;New Hope, Cultural Education Facilities, Quality Senior Housing Foundation, Ser A1, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2054  |  | 500 | 429 |
| &nbsp;&nbsp;&nbsp;North Texas, Tollway Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/01/2045  |  | 6000 | 6141 |
| &nbsp;&nbsp;&nbsp;Port Beaumont, Navigation District, Jefferson Gulf Coast Energy Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 01/01/2025 (C) |  | 1000 | 936 |
| &nbsp;&nbsp;&nbsp;Port Isabel, GO  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.100%, 02/15/2049 (C) |  | 1000 | 1011 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Texas State, Municipal Gas Acquisition & Supply I, Senior Lien, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/15/2023  | $| 670 | $684 |
| &nbsp;&nbsp;&nbsp;Texas State, Municipal Gas Acquisition & Supply I, Sub-Ser C, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.656%, 12/15/2026 (A) |  | 3000 | 2859 |
| &nbsp;&nbsp;&nbsp;Woodloch, Health Facilities Development, Inspired Living Lewsville Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 12/01/2051 (C)(D) |  | 2500 | 1506 |
|  |  |  | 38266 |
| **Utah — 0.2%** | **Utah — 0.2%** | **Utah — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;Mida Mountain Village, Public Infrastructure District, Mountain Village Assesment, SAB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2050 (C) |  | 500 | 378 |
| &nbsp;&nbsp;&nbsp;UIPA Crossroads, Public Infrastructure District, TA  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 06/01/2052 (C) |  | 1000 | 815 |
| &nbsp;&nbsp;&nbsp;Utah Charter School, Finance Authority, St George Campus Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2052 (C) |  | 1300 | 1118 |
| &nbsp;&nbsp;&nbsp;Utah State, Charter School Finance Authority, Early Light Academy Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 07/15/2027 (C) |  | 500 | 485 |
|  |  |  | 2796 |
| **Vermont — 0.1%** | **Vermont — 0.1%** | **Vermont — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;Vermont State, Student Assistance, Ser A, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2028  |  | 550 | 563 |
| **Virgin Islands — 0.6%** | **Virgin Islands — 0.6%** | **Virgin Islands — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;Matching Fund Special Purpose Securitization, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2027  |  | 1840 | 1895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/2032  |  | 4530 | 4660 |
|  |  |  | 6555 |
| **Virginia — 1.6%** | **Virginia — 1.6%** | **Virginia — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;Farms of New Kent, Community Development Authority, Ser A, SAB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 03/01/2036 (C) |  | 2900 | 2743 |
| &nbsp;&nbsp;&nbsp;Hanover County, Economic Development Authority, Covenant Woods Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2038  |  | 375 | 368 |
| &nbsp;&nbsp;&nbsp;Henrico County, Economic Development Authority, Pinnacle Living Obligation Group, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2044  |  | 1000 | 913 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;James City County, Economic Development Authority, United Methodist Home Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded @ 100  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/01/2023 (B) | $| 2119 | $2151 |
| &nbsp;&nbsp;&nbsp;Lewistown Commerce Center, Community Development Authority, Ser C, TA  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.050%, 03/01/2054  |  | 118 | 59 |
| &nbsp;&nbsp;&nbsp;Lewistown Commerce Center, Community Development Authority, TA  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.050%, 03/01/2044 (D) |  | 80 | 63 |
| &nbsp;&nbsp;&nbsp;Virginia State, Small Business Financing Authority, Bon Secours Mercy Health, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/2049  |  | 2000 | 1827 |
| &nbsp;&nbsp;&nbsp;Virginia State, Small Business Financing Authority, Rixey Student Housing Project, Ser A, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/2044 (C) |  | 6565 | 6170 |
| &nbsp;&nbsp;&nbsp;Virginia State, Small Business Financing Authority, Transform 66 P3 Project, AMT, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/31/2049  |  | 2500 | 2500 |
|  |  |  | 16794 |
| **Washington — 0.5%** | **Washington — 0.5%** | **Washington — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;Skagit County, Public Hospital District No. 1, Skagit Regional Health, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2028  |  | 1000 | 1045 |
| &nbsp;&nbsp;&nbsp;Washington State, Convention Center Public Facilities District, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2031  |  | 1000 | 902 |
| &nbsp;&nbsp;&nbsp;Washington State, Housing Finance Commission, Judson Park Project, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/2033 (C) |  | 225 | 210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/2028 (C) |  | 400 | 371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.700%, 07/01/2023 (C) |  | 125 | 124 |
| &nbsp;&nbsp;&nbsp;Washington State, Tobacco Settlement Authority, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/01/2032  |  | 1155 | 1156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/01/2033  |  | 2500 | 2503 |
|  |  |  | 6311 |
| **West Virginia — 0.6%** | **West Virginia — 0.6%** | **West Virginia — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;West Virginia State, Tobacco Settlement, Finance Authority, Ser B, RB  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 06/01/2047 (G) |  | 73250 | 6069 |
| **Wisconsin — 2.7%** | **Wisconsin — 2.7%** | **Wisconsin — 2.7%** |  |
| &nbsp;&nbsp;&nbsp;Center District, Senior Dedicated Tax Revenue, Ser C, RB, AGM  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 12/15/2055 (G) |  | 25000 | 4682 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** | **MUNICIPAL BONDS (continued)** |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, Camillus Health System, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/01/2046  | $1000 | $845 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Health & Educational Facilities Authority, Wisconsin Illinois Senior Housing, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 08/01/2048  | 1500 | 1229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 08/01/2028  | 1140 | 1084 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Barton College Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2038  | 2500 | 2369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/01/2048  | 1500 | 1352 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Celanese Project, Ser B, AMT, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2025  | 2000 | 2036 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Delray Beach Radiation Therapy Project, Ser A-DELRAY, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 11/01/2046 (C)(D) | 3500 | 2100 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Estancia Valley Classical, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 07/01/2051 (C) | 1000 | 708 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Irving Convention Center Hotel Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 01/01/2050 (C) | 3250 | 3535 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Lake Erie College, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 10/01/2054 (C) | 2770 | 2199 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Marys Woods at Marylhurst Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 05/15/2052 (C) | 1750 | 1489 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Northwest Nazarene University Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 10/01/2049  | 1000 | 871 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Procure Proton Therapy Center Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 01/01/2048 (C) | 5070 | 3118 |
| &nbsp;&nbsp;&nbsp;Wisconsin State, Public Finance Authority, Retirement Facilities First Mortgage, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 03/01/2055 (C) | 2500 | 2180 |
|  |  | 29797 |
| Total Municipal Bonds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $810,558) ($ Thousands) |  | 758435 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **CORPORATE OBLIGATIONS — 19.5%** | **CORPORATE OBLIGATIONS — 19.5%** | **CORPORATE OBLIGATIONS — 19.5%** |
| **Financials — 17.3%** | **Financials — 17.3%** |  |
| &nbsp;&nbsp;&nbsp;Ally Financial  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.700%, H15T7Y + 3.481%(A)(I) | $1000 | $666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.700%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.868%(A)(I) | 1000 | 724 |
| &nbsp;&nbsp;&nbsp;American Express  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.550%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.854%(A)(I) | 5000 | 3975 |
| &nbsp;&nbsp;&nbsp;Australia & New Zealand Banking Group  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, USD ICE Swap 11:00 NY 5 Yr + 5.168%(A)(C)(I) | 6900 | 6833 |
| &nbsp;&nbsp;&nbsp;Bank of America  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, ICE LIBOR USD 3 Month + 4.174%(A)(I) | 2900 | 2861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.300%, ICE LIBOR USD 3 Month + 4.553%(A)(I) | 1700 | 1685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, ICE LIBOR USD 3 Month + 3.705%(A)(I) | 5000 | 4825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.231%(A)(I) | 400 | 387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.760%(A)(I) | 3000 | 2565 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, ICE LIBOR USD 3 Month + 3.131%(A)(I) | 2200 | 1901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.630%(A)(I) | 5800 | 4615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.700%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.352%(A)(I) | 5000 | 4458 |
| &nbsp;&nbsp;&nbsp;Bank of Nova Scotia  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.625%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.389%, 10/27/2082 (A) | 3200 | 3292 |
| &nbsp;&nbsp;&nbsp;Barclays PLC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 5.672%(A)(I) | 1500 | 1444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, USD Swap Semi 30/360 5 Yr Curr + 4.842%(A)(I) | 1000 | 960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.410%(A)(I) | 3000 | 2204 |
| &nbsp;&nbsp;&nbsp;Benloch Ranch, Improvement Association No. 2  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 12/01/2051 (C)(J) | 6000 | 5781 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** |
| &nbsp;&nbsp;&nbsp;BNP Paribas  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.250%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.969%(A)(C)(I) | $2400 | $2490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, USD Swap Semi 30/360 5 Yr Curr + 4.149%(A)(C)(I) | 1500 | 1441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.196%(A)(C)(I) | 8000 | 6489 |
| &nbsp;&nbsp;&nbsp;BP Capital Markets PLC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.036%(A)(I) | 600 | 571 |
| &nbsp;&nbsp;&nbsp;Capital One Financial  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.950%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.157%(A)(I) | 5300 | 4081 |
| &nbsp;&nbsp;&nbsp;Charles Schwab  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.168%(A)(I) | 6000 | 5100 |
| &nbsp;&nbsp;&nbsp;Citigroup  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, ICE LIBOR USD 3 Month + 4.517%(A)(I) | 3800 | 3677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.597%(A)(I) | 3000 | 2599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.417%(A)(I) | 4400 | 3671 |
| &nbsp;&nbsp;&nbsp;Citizens Financial Group  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, ICE LIBOR USD 3 Month + 3.157%(A)(I) | 2380 | 2196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.650%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 5.313%(A)(I) | 2200 | 2117 |
| &nbsp;&nbsp;&nbsp;CoBank ACB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, ICE LIBOR USD 3 Month + 4.660%(A)(I) | 500 | 480 |
| &nbsp;&nbsp;&nbsp;Comerica  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 5.291%(A)(I) | 2600 | 2524 |
| &nbsp;&nbsp;&nbsp;Credit Agricole MTN  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.237%(A)(C)(I) | 3000 | 2350 |
| &nbsp;&nbsp;&nbsp;Credit Suisse Group  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.750%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 6.383%(A)(C)(I) | 2600 | 2217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, USD Swap Semi 30/360 5 Yr Curr + 4.598%(A)(C)(I) | 1800 | 1485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.889%(A)(I) | 2500 | 1463 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.554%(A)(C)(I) | $2500 | $1218 |
| &nbsp;&nbsp;&nbsp;Depository Trust & Clearing  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.606%(A)(C)(I) | 750 | 573 |
| &nbsp;&nbsp;&nbsp;Discover Financial Services  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 5.783%(A)(I) | 500 | 488 |
| &nbsp;&nbsp;&nbsp;Employees Retirement  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/01/2049 (E)(J) | 3000 | 67 |
| &nbsp;&nbsp;&nbsp;Fifth Third Bancorp  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.215%(A)(I) | 500 | 468 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.623%(A)(I) | 1000 | 964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.949%(A)(I) | 2500 | 2037 |
| &nbsp;&nbsp;&nbsp;HSBC Holdings PLC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, USD ICE Swap 11:00 NY 5 Yr + 3.746%(A)(I) | 1500 | 1328 |
| &nbsp;&nbsp;&nbsp;Huntington Bancshares  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, US Treas Yield Curve Rate T Note Const Mat 10 Yr + 4.945%(A)(I) | 600 | 543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.450%, H15T7Y + 4.045%(A)(I) | 3800 | 3363 |
| &nbsp;&nbsp;&nbsp;ING Groep  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, USD Swap Semi 30/360 5 Yr Curr + 4.446%(A)(I) | 3500 | 3293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.342%(A)(I) | 1000 | 880 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, ICE LIBOR USD 3 Month + 3.780%(A)(I) | 7200 | 7139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.650%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.850%(A)(I) | 2300 | 1932 |
| &nbsp;&nbsp;&nbsp;KeyCorp  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, ICE LIBOR USD 3 Month + 3.606%(A)(I) | 3000 | 2624 |
| &nbsp;&nbsp;&nbsp;M&T Bank  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, ICE LIBOR USD 3 Month + 3.520%(A)(I) | 500 | 435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.174%(A)(I) | 3800 | 3517 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.679%(A)(I) | $500 | $383 |
| &nbsp;&nbsp;&nbsp;MetLife  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.850%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.576%(A)(I) | 3800 | 3451 |
| &nbsp;&nbsp;&nbsp;Nordea Bank Abp MTN  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, USD Swap Semi 30/360 5 Yr Curr + 3.388%(A)(C)(I) | 5000 | 4886 |
| &nbsp;&nbsp;&nbsp;PNC Financial Services Group  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.000%(A)(I) | 3400 | 3196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.400%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.595%(A)(I) | 1000 | 769 |
| &nbsp;&nbsp;&nbsp;Reagan Ranch Development LLC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 09/01/2031 (C) | 5000 | 4392 |
| &nbsp;&nbsp;&nbsp;Royal Bank of Scotland Group PLC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, USD Swap Semi 30/360 5 Yr Curr + 5.720%(A)(I) | 200 | 195 |
| &nbsp;&nbsp;&nbsp;Societe Generale  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, USD ICE Swap 11:00 NY 5 Yr + 5.873%(A)(C)(I) | 1800 | 1803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, USD Swap Semi 30/360 5 Yr Curr + 4.302%(A)(C)(I) | 700 | 672 |
| &nbsp;&nbsp;&nbsp;Standard Chartered PLC  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.014%, ICE LIBOR USD 3 Month + 1.460%(A)(C)(I) | 4000 | 3636 |
| &nbsp;&nbsp;&nbsp;SVB Financial Group  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.074%(A)(I) | 500 | 329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.202%(A)(I) | 4100 | 2683 |
| &nbsp;&nbsp;&nbsp;Toll Road Investors Partnership II  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/15/2043 (C)(G) | 21652 | 5226 |
| &nbsp;&nbsp;&nbsp;Toronto-Dominion Bank  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.125%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.075%, 10/31/2082 (A) | 4000 | 4100 |
| &nbsp;&nbsp;&nbsp;Truist Financial  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.950%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.605%(A)(I) | 1200 | 1158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.800%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.003%(A)(I) | 8500 | 7716 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** |
| &nbsp;&nbsp;&nbsp;UBS Group  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.313%(A)(C)(I) | $| 6000 | $4448 |
| &nbsp;&nbsp;&nbsp;UBS Group Funding Switzerland  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, USD Swap Semi 30/360 5 Yr Curr + 4.344%(A)(C)(I) |  | 600 | 591 |
| &nbsp;&nbsp;&nbsp;US Bancorp  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.700%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.541%(A)(I) |  | 7200 | 5744 |
| &nbsp;&nbsp;&nbsp;Voya Financial  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.358%(A)(I) |  | 1200 | 1163 |
| &nbsp;&nbsp;&nbsp;Wells Fargo  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, ICE LIBOR USD 3 Month + 3.990%(A)(I) |  | 1894 | 1854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.900%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.453%(A)(I) |  | 2200 | 1917 |
|  |  |  | 185308 |
| **Health Care — 0.7%** | **Health Care — 0.7%** | **Health Care — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;CommonSpirit Health  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.187%, 10/01/2049  |  | 1800 | 1394 |
| &nbsp;&nbsp;&nbsp;Cottage Health Obligated Group  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.304%, 11/01/2049  |  | 1500 | 1082 |
| &nbsp;&nbsp;&nbsp;Toledo Hospital  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.325%, 11/15/2028  |  | 2500 | 1944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.982%, 11/15/2045  |  | 1000 | 655 |
| &nbsp;&nbsp;&nbsp;Tower Health  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.451%, 02/01/2050  |  | 4040 | 2089 |
|  |  |  | 7164 |
| **Utilities — 1.5%** | **Utilities — 1.5%** | **Utilities — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;Dominion Energy  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.650%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.993%(A)(I) |  | 9000 | 7718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.350%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.195%(A)(I) |  | 800 | 670 |
| &nbsp;&nbsp;&nbsp;Duke Energy  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.388%(A)(I) |  | 4900 | 4410 |
| &nbsp;&nbsp;&nbsp;NiSource  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.650%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.843%(A)(I) |  | 2500 | 2325 |
| &nbsp;&nbsp;&nbsp;Pacific Gas & Electric  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.950%, 07/01/2050  |  | 300 | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.550%, 07/01/2030  |  | 300 | 274 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) | Market Value<br> ($ Thousands) |
| **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** | **CORPORATE OBLIGATIONS (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.850%, 11/15/2023  | $| 50 | $| 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 07/01/2028  |  | 100 |  | 88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.450%, 07/01/2025  |  | 100 |  | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.400%, 08/15/2024  |  | 100 |  | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.300%, 03/15/2027  |  | 100 |  | 88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 06/15/2023  |  | 150 |  | 148 |
|  |  |  |  | 16201 |
| Total Corporate Obligations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $240,422) ($ Thousands) |  |  |  | 208673 |
|  | <br> Shares | <br> Shares |  |  |
| **PREFERRED STOCK — 5.3%** | **PREFERRED STOCK — 5.3%** | **PREFERRED STOCK — 5.3%** | **PREFERRED STOCK — 5.3%** | **PREFERRED STOCK — 5.3%** |
| **Communication Services — 0.2%** | **Communication Services — 0.2%** | **Communication Services — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;AT&T  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%(I) |  | 137000 |  | 2522 |
| **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Dairy Farmers of America  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%\*(I) |  | 15000 |  | 1448 |
| **Financials — 4.8%** | **Financials — 4.8%** | **Financials — 4.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Allstate  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%(I) |  | 23980 |  | 499 |
| &nbsp;&nbsp;&nbsp;Arch Capital Group  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.450%(I) |  | 13693 |  | 304 |
| &nbsp;&nbsp;&nbsp;Associated Banc-Corp  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%(I) |  | 12516 |  | 287 |
| &nbsp;&nbsp;&nbsp;Capital One Financial  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%(I) |  | 71700 |  | 1393 |
| &nbsp;&nbsp;&nbsp;Citigroup (A) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, ICE LIBOR USD 3 Month + 4.130%(A)(I) |  | 85700 |  | 2145 |
| &nbsp;&nbsp;&nbsp;Equitable Holdings  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%(I) |  | 25000 |  | 521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.300%(I) |  | 25209 |  | 459 |
| &nbsp;&nbsp;&nbsp;Fifth Third Bancorp (A) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, ICE LIBOR USD 3 Month + 3.710%(A)(I) |  | 80000 |  | 2053 |
| &nbsp;&nbsp;&nbsp;First Republic Bank  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%(I) |  | 100000 |  | 1684 |
| &nbsp;&nbsp;&nbsp;Fulton Financial  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%(I) |  | 10000 |  | 206 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group (A) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, ICE LIBOR USD 3 Month + 3.640%(A)(I) |  | 228100 |  | 5616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.262%, ICE LIBOR USD 3 Month + 0.670%(A)(I) |  | 30599 |  | 591 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **PREFERRED STOCK (continued)** | **PREFERRED STOCK (continued)** | **PREFERRED STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;KeyCorp (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, ICE LIBOR USD 3 Month + 3.892%(A)(I) | 4000 | $99 |
| &nbsp;&nbsp;&nbsp;M&T Bank (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, ICE LIBOR USD 3 Month + 4.020%(A)(I) | 12841 | 294 |
| &nbsp;&nbsp;&nbsp;MetLife  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%(I) | 21691 | 525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%(I) | 191891 | 3915 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, ICE LIBOR USD 3 Month + 4.320%(A)(I) | 106823 | 2728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, ICE LIBOR USD 3 Month + 3.940%(A)(I) | 53657 | 1361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.779%, ICE LIBOR USD 3 Month + 0.700%(A)(I) | 161113 | 3219 |
| &nbsp;&nbsp;&nbsp;NY Community Bancorp (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, ICE LIBOR USD 3 Month + 3.821%(A)(I) | 110000 | 2640 |
| &nbsp;&nbsp;&nbsp;Regions Financial  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, ICE LIBOR USD 3 Month + 3.536%(A)(I) | 2600 | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.700%, ICE LIBOR USD 3 Month + 3.148%(A)(I) | 16000 | 370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.450%(I) | 49094 | 920 |
| &nbsp;&nbsp;&nbsp;RenaissanceRe Holdings  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.200%(I) | 40000 | 713 |
| &nbsp;&nbsp;&nbsp;State Street (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.900%, ICE LIBOR USD 3 Month + 3.108%(A)(I) | 126855 | 3084 |
| &nbsp;&nbsp;&nbsp;Stifel Financial  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%(I) | 37500 | 673 |
| &nbsp;&nbsp;&nbsp;SVB Financial Group  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%(I) | 1802 | 32 |
| &nbsp;&nbsp;&nbsp;Synovus Financial (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.127%(A)(I) | 50000 | 1205 |
| &nbsp;&nbsp;&nbsp;US Bancorp (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.099%, ICE LIBOR USD 3 Month + 1.020%(A)(I) | 500 | 424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.679%, ICE LIBOR USD 3 Month + 0.600%(A)(I) | 10051 | 196 |
| &nbsp;&nbsp;&nbsp;Valley National Bancorp (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, ICE LIBOR USD 3 Month + 3.850%(A)(I) | 73487 | 1784 |
| &nbsp;&nbsp;&nbsp;Voya Financial (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.350%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.210%(A)(I) | 105000 | 2302 |
| &nbsp;&nbsp;&nbsp;Webster Financial  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%(I) | 36337 | 896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%(I) | 42731 | 863 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **PREFERRED STOCK (continued)** | **PREFERRED STOCK (continued)** | **PREFERRED STOCK (continued)** |
| &nbsp;&nbsp;&nbsp;Wells Fargo  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%\*(I) | 1468 | $1747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, ICE LIBOR USD 3 Month + 3.690%(A)(I) | 50433 | 1283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.850%, ICE LIBOR USD 3 Month + 3.090%(A)(I) | 120000 | 2786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%(I) | 5000 | 114 |
| &nbsp;&nbsp;&nbsp;Western Alliance Bancorp (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.452%(A)(I) | 22500 | 481 |
|  |  | 50479 |
| **Utilities — 0.2%** | **Utilities — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;Duke Energy  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%(I) | 8727 | 214 |
| &nbsp;&nbsp;&nbsp;Enbridge (A) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, ICE LIBOR USD 3 Month + 3.593%(A) | 5032 | 122 |
| &nbsp;&nbsp;&nbsp;Entergy Texas  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%(I) | 39700 | 934 |
| &nbsp;&nbsp;&nbsp;NSTAR Electric  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.780%(I) | 10708 | 932 |
|  |  | 2202 |
| Total Preferred Stock  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $61,398) ($ Thousands) |  | 56651 |
|  | Face Amount <br> (Thousands) |  |
| **U.S. TREASURY OBLIGATIONS — 2.9%** | **U.S. TREASURY OBLIGATIONS — 2.9%** | **U.S. TREASURY OBLIGATIONS — 2.9%** |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.192%, 02/23/2023 (K) | $7000 | 6932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.460%, 02/16/2023 (K) | 24400 | 24185 |
| Total U.S. Treasury Obligations | Total U.S. Treasury Obligations |  |
| &nbsp;&nbsp;&nbsp;(Cost $31,118) ($ Thousands) | &nbsp;&nbsp;&nbsp;(Cost $31,118) ($ Thousands) | 31117 |
| Total Investments in Securities — 98.4% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,143,496) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $1,143,496) ($ Thousands)  | $1054876 |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2022

**Tax-Advantaged Income Fund** (Concluded)

A list of the open futures contracts held by the Fund at November 30, 2022, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type of Contract** | **Number of<br> Contracts** | **Expiration Date** | **Notional Amount (Thousands)** | **Value (Thousands)** | **Unrealized Appreciation/ (Depreciation) (Thousands)** |
| Short Contracts |  |  |  |  |  |
| &nbsp;&nbsp;U.S. Ultra Long Treasury Bond | (14) | Mar-2023 | $(1876) | $(1908) | $(32) |

---

---

| | |
|:---|:---|
|  | Percentages are based on Net Assets of $1,072,060 ($ Thousands). |
| \* | Non-income producing security. |
| (A) | 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. |
| (B) | Pre-Refunded Securities — The maturity date shown is the pre-refunded date. |
| (C) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On November 30, 2022, the value of these securities amounted to $230,353 ($ Thousands), representing 21.5% of the Net Assets of the Fund. |
| (D) | Security is in default on interest payment. |
| (E) | No interest rate available. |
| (F) | 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. |
| (G) | Zero coupon security.  |
| (H) | Security is escrowed to maturity. |
| (I) | Perpetual security with no stated maturity date. |
| (J) | Level 3 security in accordance with fair value hierarchy. |
| (K) | 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 November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands): | The following is a summary of the level of inputs used as of November 30, 2022, 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;Municipal Bonds |  | 758435 |  | 758435 |
| &nbsp;&nbsp;&nbsp;Corporate Obligations |  | 202825 | 5848 | 208673 |
| &nbsp;&nbsp;&nbsp;Preferred Stock | 42423 | 14228 |  | 56651 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Obligations | – | 31117 | – | 31117 |
| Total Investments in Securities | 42423 | 1006605 | 5848 | 1054876 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1<br> ($)** | **Level 2<br> ($)** | **Level 3<br> ($)** | **Total<br> ($)** |
| &nbsp;&nbsp;Futures Contracts\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized Depreciation | (32) |  |  | (32) |
| Total Other Financial Instruments | (32) |  |  | (32) |

---

(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.

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

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund's most recent financial statements.

The following is a summary of the transactions with affiliates for the period ended November 30, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 8/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/ (Loss)** | **Change in Unrealized Appreciation/ (Depreciation)** | **Value 11/30/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust, Government Fund, Cl F | $&nbsp;&nbsp;&nbsp;&nbsp;685 | $&nbsp;&nbsp;&nbsp;&nbsp;21676 | $&nbsp;&nbsp;&nbsp;&nbsp;(22361) | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;50 | $&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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

See "Glossary" for abbreviations.

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

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

November 30, 2022

---

| |
|:---|
| **Portfolio Abbreviations** |
| AGC — Assured Guaranty Corporation |
| AGM— Assured Guaranty Municipal |
| AMBAC — American Municipal Bond Assurance Co. |
| AMT — Alternative Minimum Tax |
| BAM — Build America Mutual Assurance Corp. |
| BAN — Bond Anticipation Note |
| Cl — Class |
| COP — Certificate of Participation |
| FHA— Federal Housing Administration |
| FHLMC — Federal Home Loan Mortgage Corporation |
| FGIC — Financial Guaranty Insurance Company |
| FNMA — Federal National Mortgage Association |
| GNMA — Government National Mortgage Association |
| GO — General Obligation |
| H15T7Y — US Treasury Yield Curve Rate T Note Constant Maturity 7 Year |
| LIBOR— London Interbank Offered Rate |
| MTN — Medium Term Note |
| NATL — National Public Finance Guarantee Corp. |
| PSF-GTD — Permanent School Board Loan Fund |
| Q-SBLF — Qualified State Bond Loan Fund |
| RB — Revenue Bond |
| SAB — Special Assessment Bond |
| Ser— Series |
| TA — Tax Allocation |
| TRAN – Tax Revenue Anticipation Note |
| USD — U.S. Dollar |

---

------

SEI Tax Exempt Trust / Quarterly Report / November 30, 2022

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SEI TAX EXEMPT TRUST

- **b. Investment Company Act file number:** 811-03447

- **c. CIK number of Registrant:** 0000701817

- **d. LEI of Registrant:** 549300HVETA65JWIV692

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8003425734

**Item A.2. Information about the Series.**

- **a. Name of Series:** SHORT DURATION MUNICIPAL FUND

- **b. EDGAR series identifier (if any):** S000006430

- **c. LEI of Series:** 5493005JEFRLT6XT2V10

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1147865635.69

**Total Liabilities:** $25952838.73

**Net Assets:** $1121912796.96

**Cash Not Reported:** $9510976.26

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -8014.51606955 | **1-Year:** -54879.77179193 | **5-Year:** -29586.74399917 | **10-Year:** -2.83899910 | **30-Year:** -4.91161502

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -2712.68336973 | **1-Year:** -7935.80516582 | **5-Year:** -2575.76627823 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017624 | 1.17%                | -0.07%               | -0.91%               |
| Class ID C000147411 | 1.19%                | -0.05%               | -0.79%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-524997.04              | $11207914.55                               |
| Month 2  | $-30852.31               | $-2230582.38                               |
| Month 3  | $-666212.77              | $-10150495.93                              |

### Schedule of Portfolio Investments

| Name                                                                           | Title                                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WEST CHICAGO ILL PK DIST                                                       | WEST CHICAGO IL PARK DIST WEST CHICAGO PARK DISTRICT                              | CUSIP: 952083KP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220285.16    | 0.02%             | 2023-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX WTR REV                                                        | SAN ANTONIO TX WTR REVENUE SAN ANTONIO WATER SYSTEM                               | CUSIP: 79642GNB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $995185.74    | 0.09%             | 2043-05-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY HSG REV                                           | MASSACHUSETTS ST HSG FIN AGY H MASSACHUSETTS HOUSING FINANCE AGENCY               | CUSIP: 57587GHC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946118.30    | 0.08%             | 2024-12-01      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| City of New York                                                               | NEW YORK NY CITY OF NEW YORK NY                                                   | CUSIP: 64966GMQ2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1450000.00   | 0.13%             | 2026-08-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| BETHLEHEM PA AREA SCH DIST AUTH SCH REV                                        | BETHLEHEM PA AREA SCH DIST AUT BETHLEHEM AREA SCHOOL DISTRICT AUTHORITY           | CUSIP: 087368AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $933061.30    | 0.08%             | 2031-07-01      | Floating      | 2.39%                 | No            |                  2 | On Loan: No      |
| PMA LEVY & AID ANTIC NTS PROGRAM WIS                                           | PMA LEVY & AID ANTIC NTS PROGR PMA LEVY & AID ANTICIPATION NOTES PROGRAM          | CUSIP: 730146CX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503988.20    | 0.04%             | 2023-08-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV                     | TEXAS ST MUNI GAS ACQUISITION& TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP III  | CUSIP: 88256HAX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800886.50   | 0.16%             | 2022-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KISKI PA AREA SCH DIST                                                         | KISKI PA AREA SCH DIST KISKI AREA SCHOOL DISTRICT                                 | CUSIP: 497752GQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $565611.97    | 0.05%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COSHOCTON CNTY OHIO                                                            | COSHOCTON CNTY OH COUNTY OF COSHOCTON OH                                          | CUSIP: 221129EZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998492.80    | 0.09%             | 2023-07-07      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV                               | MARYLAND ST CMNTY DEV ADMIN DE MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION      | CUSIP: 57419TYF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1961210.20   | 0.17%             | 2024-07-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                          | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES     | CUSIP: 88035ECG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.18%             | 2039-08-01      | Floating      | 2.12%                 | Yes           |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH POLLUTION CTL REV                                      | MONROE CNTY GA DEV AUTH POLL C DEVELOPMENT AUTHORITY OF MONROE COUNTY/THE         | CUSIP: 610530FE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $704076.90    | 0.06%             | 2039-01-01      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DCZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1505019.67   | 0.13%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV                                      | CONNECTICUT ST HLTH & EDUCTNL CONNECTICUT STATE HEALTH & EDUCATIONAL FACILITIES   | CUSIP: 20775DFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2987088.90   | 0.27%             | 2048-07-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY INDL DEV AGY REV                                             | NEW YORK CITY NY INDL DEV AGY NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY         | CUSIP: 64971PKS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $765888.60    | 0.07%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                               | MASSACHUSETTS ST DEV FIN AGY R MASSACHUSETTS DEVELOPMENT FINANCE AGENCY           | CUSIP: 57584YNL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2444927.04   | 0.22%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV                                    | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENERGY GAS DISTRICT                      | CUSIP: 09182TAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2474935.50   | 0.22%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT MORROW ORE FULL FAITH & CR OBLIGS                                         | PORT OF MORROW OR PORT OF MORROW OR                                               | CUSIP: 73473RCT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301729.50    | 0.03%             | 2023-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN REGISTRATION FEE REV                                 | PENNSYLVANIA ST TURNPIKE COMMI PENNSYLVANIA TURNPIKE COMMISSION                   | CUSIP: 709222CT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066026.80   | 0.10%             | 2025-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR OHIO INC REV                                                  | AMERICAN MUNI PWR-OHIO INC OH AMERICAN MUNICIPAL POWER INC                        | CUSIP: 02765UQS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502350.40    | 0.04%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN  REV                                              | OHIO ST HGR EDUCTNL FAC COMMIS OHIO HIGHER EDUCATIONAL FACILITY COMMISSION        | CUSIP: 67756DVQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $393584.37    | 0.04%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX HEALTH FACS DEV CORP REV                                       | HARRIS CNTY TX HLTH FACS DEV C HARRIS COUNTY HEALTH FACILITIES DEVELOPMENT CORP   | CUSIP: 41315RFU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.12%             | 2031-07-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| LOWER ALA GAS DIST GAS PROJ REV                                                | LOWER AL GAS DIST GAS PROJ REV LOWER ALABAMA GAS DISTRICT/THE                     | CUSIP: 547804AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500489.60    | 0.04%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CREEK TEX INDPT SCH DIST                                                 | CLEAR CREEK TX INDEP SCH DIST CLEAR CREEK INDEPENDENT SCHOOL DISTRICT             | CUSIP: 184541EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942540.80    | 0.08%             | 2038-02-15      | Floating      | 0.28%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK REV                                              | PENNSYLVANIA ST TURNPIKE COMMI PENNSYLVANIA TURNPIKE COMMISSION                   | CUSIP: 709224ZE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36590.80     | 0.00%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                   | CONNECTICUT ST HSG FIN AUTH HS CONNECTICUT HOUSING FINANCE AUTHORITY              | CUSIP: 20775HSV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5473550.50   | 0.49%             | 2050-11-15      | Floating      | 2.54%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH REV                                                  | COLORADO ST HLTH FACS AUTH REV COLORADO HEALTH FACILITIES AUTHORITY               | CUSIP: 19648FVY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $877760.75    | 0.08%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV                     | LOUISIANA ST LOCAL GOVT ENVRNM LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE | CUSIP: 54628CNL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1858780.00   | 0.17%             | 2046-02-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL WASTEWATER TRANSMISSION REV                                        | CHICAGO IL WSTWTR TRANSMISSION CITY OF CHICAGO IL WASTEWATER TRANSMISSION REVENUE | CUSIP: 167727UW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30058.73     | 0.00%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECONOMIC DEV AUTH REV                                              | DELAWARE ST ECON DEV AUTH REVE DELAWARE STATE ECONOMIC DEVELOPMENT AUTHORITY      | CUSIP: 246387SU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $4820385.87   | 0.43%             | 2031-01-01      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MICH DOWNTOWN DEV AUTH TAX INCREMENT REV                               | DETROIT MI DOWNTOWN DEV AUTH T DETROIT DOWNTOWN DEVELOPMENT AUTHORITY             | CUSIP: 251135FZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $592370.06    | 0.05%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST GAS & FUELS TAX REV                                               | LOUISIANA ST GAS & FUELS TAX R STATE OF LOUISIANA GASOLINE & FUELS TAX REVENUE    | CUSIP: 546475VU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1926441.71   | 0.17%             | 2043-05-01      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                   | CONNECTICUT ST HSG FIN AUTH HS CONNECTICUT HOUSING FINANCE AUTHORITY              | CUSIP: 20775HWM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7295000 | PA      | $7321226.25   | 0.65%             | 2052-11-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH REV                                                   | ARIZONA ST HLTH FACS AUTH ARIZONA HEALTH FACILITIES AUTHORITY                     | CUSIP: 040507QA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965310.00    | 0.09%             | 2046-01-01      | Floating      | 2.49%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV                                       | CALIFORNIA ST STWD CMNTYS DEV CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHO  | CUSIP: 130795DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4025000 | PA      | $4025000.00   | 0.36%             | 2040-07-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| DEARBORN MICH SCH DIST                                                         | DEARBORN MI SCH DIST DEARBORN SCHOOL DISTRICT                                     | CUSIP: 242595UN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $971795.28    | 0.09%             | 2024-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTH TEX MUN WTR DIST TEX WTR SYS REV IAM COML PAPER 3/A2 EXTENDABLE          | NORTH TX MUNI WATER DIST3.400000 2022-12-15 3.40% 12/15/2022                      | CUSIP: 66283RAK5<br>LEI: N/A                  | Long             | ABS-APCP         |  | US        |   5125000 | PA      | $5126458.06   | 0.46%             | 2022-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                        | CALIFORNIA CMNTY CHOICE FING A CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY    | CUSIP: 13013JAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $455074.02    | 0.04%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MERCER CNTY KY SOLID WASTE DISP FAC REV                                        | MERCER CNTY KY SOL WST DISP FA COUNTY OF MERCER KY                                | CUSIP: 587829AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5948552.40   | 0.53%             | 2023-05-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TENN GAS REV                                                     | TENNERGY CORP TN GAS REVENUE TENNERGY CORP/TN                                     | CUSIP: 880397BM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502592.05    | 0.04%             | 2024-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HOSP FIN AUTH REV                                                  | MICHIGAN ST HOSP FIN AUTH MICHIGAN STATE HOSPITAL FINANCE AUTHORITY               | CUSIP: 59465HVK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3835764.70   | 0.34%             | 2047-11-15      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| YONKERS N Y                                                                    | YONKERS NY CITY OF YONKERS NY                                                     | CUSIP: 986082M28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $587617.52    | 0.05%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TENN GAS REV                                                     | TENNERGY CORP TN GAS REVENUE TENNERGY CORP/TN                                     | CUSIP: 880397CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $719939.78    | 0.06%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR-OHIO INC                                                      | AMERICAN MUNI PWR-OHIO INC AMERICAN MUNICIPAL POWER INC                           | CUSIP: 027651YL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001774.30   | 0.09%             | 2023-06-22      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TEX CULTURAL ED FACS FIN CORP HOSP REV                            | TARRANT CNTY TX CULTURAL EDU F TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINAN | CUSIP: 87638QSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056608.10   | 0.09%             | 2052-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILKES-BARRE PA FIN AUTH UNIV REV                                              | WILKES-BARRE PA FIN AUTH REVEN WILKES-BARRE FINANCE AUTHORITY                     | CUSIP: 968254BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $491587.05    | 0.04%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV                                         | BAY AREA CA TOLL AUTH TOLL BRI BAY AREA TOLL AUTHORITY                            | CUSIP: 072024WZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251040.75   | 0.11%             | 2056-04-01      | Floating      | 2.52%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                               | NEW JERSEY ST ECON DEV AUTH RE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 64577XDH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $774544.27    | 0.07%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEPT TRANSN HWY REV                                                  | KANSAS ST DEPT OF TRANSPRTN HI STATE OF KANSAS DEPARTMENT OF TRANSPORTATION       | CUSIP: 485424RU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499819.25   | 0.22%             | 2024-09-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV                       | LOUISVILLE & JEFFERSON CNTY KY LOUISVILLE/JEFFERSON COUNTY METROPOLITAN GOVERNMEN | CUSIP: 54659LCC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010559.90   | 0.09%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIZENS PPTY INS CORP FLA                                                     | CITIZENS PROPERTY INSURANCE CO CITIZENS PROPERTY INSURANCE INC                    | CUSIP: 176553HB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5815000 | PA      | $6044735.53   | 0.54%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PMA LEVY & AID ANTIC NTS PROGRAM WIS                                           | PMA LEVY & AID ANTIC NTS PROGR PMA LEVY & AID ANTICIPATION NOTES PROGRAM          | CUSIP: 730146CW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $552505.69    | 0.05%             | 2023-04-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK REV                                              | PENNSYLVANIA ST TURNPIKE COMMI PENNSYLVANIA TURNPIKE COMMISSION                   | CUSIP: 709225BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $843493.82    | 0.08%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                            | INDIANAPOLIS IN LOCAL PUBLIC I INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK    | CUSIP: 45528ULW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $762397.43    | 0.07%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARION IND HIGH SCH BLDG CORP                                                  | MARION IN HIGH SCH BLDG CORP MARION HIGH SCHOOL BUILDING CORP                     | CUSIP: 569567ER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230381.69    | 0.02%             | 2023-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV                                    | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENERGY GAS DISTRICT                      | CUSIP: 09182TBF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1273130.38   | 0.11%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EVANSVILLE-VANDERBURGH CNTY IND BLDG AUTH LEASE RENT REV                       | EVANSVILLE VANDERBURGH CNTY IN EVANSVILLE-VANDERBURGH COUNTY BUILDING AUTHORITY   | CUSIP: 299578ED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250207.53    | 0.02%             | 2024-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV                             | MISSOURI ST HLTH & EDUCTNL FAC HEALTH & EDUCATIONAL FACILITIES AUTHORITY OF THE S | CUSIP: 60637AKQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $541787.18    | 0.05%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLID WASTE DISP FACS REV                      | WEST VIRGINIA ST ECON DEV AUTH WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY       | CUSIP: 95648VBE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2460148.60   | 0.22%             | 2040-03-01      | Floating      | 2.52%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA INDL DEV AUTH POLLUTN CTL REV                                   | LEHIGH CNTY PA INDL DEV AUTH LEHIGH COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY       | CUSIP: 524808BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965304.10    | 0.09%             | 2027-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TEX MUN UTIL DIST NO 19A                                       | WILLIAMSON CNTY TX MUNI UTILIT WILLIAMSON COUNTY MUNICIPAL UTILITY DISTRICT NO 19 | CUSIP: 97001PHF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261174.65    | 0.02%             | 2025-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PARKLAND PA SCH DIST                                                           | PARKLAND PA SCH DIST PARKLAND SCHOOL DISTRICT                                     | CUSIP: 701383ZK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199766.98    | 0.02%             | 2023-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDL MED & ENVIRONMENTAL CTL FACS FING AUTH HOSP REV   | PUERTO RICO INDL TOURIST EDUCT PUERTO RICO INDUSTRIAL TOURIST EDUCATIONAL MEDICAL | CUSIP: 74527EFE3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    140000 | PA      | $143607.72    | 0.01%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                | PENNSYLVANIA ST COMMONWEALTH OF PENNSYLVANIA                                      | CUSIP: 70914PX49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2871084.98   | 0.26%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV                                     | ILLINOIS ST TOLL HIGHWAY AUTH ILLINOIS STATE TOLL HIGHWAY AUTHORITY               | CUSIP: 452252JL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46810.84     | 0.00%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM PWR AUTH REV                                                              | GUAM PWR AUTH REVENUE GUAM POWER AUTHORITY                                        | CUSIP: 400653JN2<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1012199.80   | 0.09%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER ARIZ INDL DEV AUTH INDL DEV REV                                       | CHANDLER AZ INDL DEV AUTH INDL CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY          | CUSIP: 158862BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1704555.38   | 0.15%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG & ECONOMIC DEV AUTH HOME OWNERSHIP REV                           | WISCONSIN ST HSG & ECON DEV AU WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY | CUSIP: 97689QNQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1159793.82   | 0.10%             | 2025-09-01      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| OSAGE CNTY OKLA INDL AUTH USE TAX REV                                          | OSAGE CNTY OK INDL AUTH USE TA OSAGE COUNTY INDUSTRIAL AUTHORITY                  | CUSIP: 687672AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1975897.80   | 0.18%             | 2023-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                                | NEW JERSEY ST TRANSPRTN TRUST NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY      | CUSIP: 646136YB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510590.05    | 0.05%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH HAYS CNTY TEX MUN UTIL DIST NO 1                                         | N HAYS CNTY TX MUNI UTILITY DI NORTH HAYS COUNTY MUNICIPAL UTILITY DISTRICT NO 1  | CUSIP: 659607JB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $326005.06    | 0.03%             | 2024-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUB WKS BRD LEASE REV                                            | CALIFORNIA ST PUBLIC WKS BRD L CALIFORNIA STATE PUBLIC WORKS BOARD                | CUSIP: 13068LSU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1866933.24   | 0.17%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                          | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES     | CUSIP: 88034WSC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250000.00   | 0.11%             | 2037-09-01      | Floating      | 1.54%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BK SPEARS/LIFERS SER DBE-7001 TR                                      | DEUTSCHE BANK SPEARS/LIFERS SE DEUTSCHE BANK SPEARS/LIFERS TRUST                  | CUSIP: 25160RJZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1945000.00   | 0.17%             | 2045-10-01      | Floating      | 2.77%                 | Yes           |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                               | NEW JERSEY ST ECON DEV AUTH RE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 64577B6G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3563255.15   | 0.32%             | 2023-09-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV                                                 | ARIZONA INDL DEV AUTH HOSP REV ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY           | CUSIP: 04052EAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $470024.82    | 0.04%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER ALA GAS DIST GAS PROJ REV                                                | LOWER AL GAS DIST GAS PROJ REV LOWER ALABAMA GAS DISTRICT/THE                     | CUSIP: 547804AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $551187.95    | 0.05%             | 2023-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUTH REV                                            | ALLEGHENY CNTY PA HOSP DEV AUT ALLEGHENY COUNTY HOSPITAL DEVELOPMENT AUTHORITY    | CUSIP: 01728A5S1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991167.30    | 0.09%             | 2024-11-15      | Floating      | 2.66%                 | No            |                  2 | On Loan: No      |
| CATHEDRAL CITY CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION                    | CATHEDRAL CITY CA REDEV AGY SU CATHEDRAL CITY REDEVELOPMENT AGENCY SUCCESSOR AGEN | CUSIP: 14916YCJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $248751.29    | 0.02%             | 2024-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                          | ILLINOIS ST FIN AUTH REVENUE ILLINOIS FINANCE AUTHORITY                           | CUSIP: 45204FEG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1538520.15   | 0.14%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH STUD LN                                | NEW JERSEY ST HGR EDU ASSISTAN NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUT | CUSIP: 646080WH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2965414.74   | 0.26%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV                        | EAST DOWNTOWN TX REDEV AUTH EAST DOWNTOWN REDEVELOPMENT AUTHORITY                 | CUSIP: 272066AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $306972.49    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN PWR AGY REV                                                          | TEXAS ST MUNI PWR AGY REVENUE TEXAS MUNICIPAL POWER AGENCY                        | CUSIP: 882555ZF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1402709.42   | 0.13%             | 2023-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                          | CLIFTON TX HGR EDU FIN CORP ED CLIFTON HIGHER EDUCATION FINANCE CORP              | CUSIP: 187145NL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $360305.72    | 0.03%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY SOLID WASTE DISP REV                              | MASSACHUSETTS ST DEV FIN AGY S MASSACHUSETTS DEVELOPMENT FINANCE AGENCY           | CUSIP: 57583HAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2168845.00   | 0.19%             | 2027-05-01      | Floating      | 1.23%                 | Yes           |                  2 | On Loan: No      |
| NEW JERSEY ST TPK AUTH TPK REV                                                 | NEW JERSEY ST TURNPIKE AUTH TU NEW JERSEY TURNPIKE AUTHORITY                      | CUSIP: 646140BN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1556484.89   | 0.14%             | 2024-01-01      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AUTH N Y                                           | UTILITY DEBT SECURITIZATION AU UTILITY DEBT SECURITIZATION AUTHORITY              | CUSIP: 91802RBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $543932.03    | 0.05%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SCH DIST                                                       | PHILADELPHIA PA SCH DIST SCHOOL DISTRICT OF PHILADELPHIA/THE                      | CUSIP: 717883VL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3052974.00   | 0.27%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AGY FLA HSG REV                                                     | CAPITAL TRUST AGY FL HSG REVEN CAPITAL TRUST AGENCY INC                           | CUSIP: 140532BS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1488868.65   | 0.13%             | 2024-05-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| HOPEWELL TWP N J                                                               | HOPEWELL TWP NJ TOWNSHIP OF HOPEWELL NJ/MERCER COUNTY                             | CUSIP: 439632PL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8805000 | PA      | $8917883.62   | 0.79%             | 2023-09-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS                                  | JP MORGAN CHASE PUTTERS/DRIVER JPMORGAN CHASE PUTTERS/DRIVERS TRUST               | CUSIP: 46640KYR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.71%             | 2024-03-20      | Floating      | 2.08%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV                             | NEW YORK CITY NY HSG DEV CORP NEW YORK CITY HOUSING DEVELOPMENT CORP              | CUSIP: 64972EMK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12100538.75  | 1.08%             | 2059-11-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV                                                 | NEW YORK ST URBAN DEV CORP REV NEW YORK STATE URBAN DEVELOPMENT CORP              | CUSIP: 650035YX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1379756.73   | 0.12%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY MULTIFAMILY REV                                   | MASSACHUSETTS ST DEV FIN AGY M MASSACHUSETTS DEVELOPMENT FINANCE AGENCY           | CUSIP: 57583XCQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981799.60    | 0.09%             | 2024-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                                | NEW JERSEY ST TRANSPRTN TRUST NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY      | CUSIP: 646136Q20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020856.80   | 0.18%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH MULTI-FAMILY REV                                      | MICHIGAN ST HSG DEV AUTH MF RE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY       | CUSIP: 594650TX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2978965.80   | 0.27%             | 2023-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                           | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116EE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $838662.72    | 0.07%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV                       | PENNSYLVANIA ST ECON DEV FING PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHOR  | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $6944817.05   | 0.62%             | 2038-08-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV                                   | S E ALABAMA ST GAS SPLY DIST G SOUTHEAST ALABAMA GAS SUPPLY DISTRICT/THE          | CUSIP: 84131TAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18940000 | PA      | $18607434.43  | 1.66%             | 2049-06-01      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST PUB UTILS COMMN REV                                                | MISSOURI ST PUBLIC UTILITIES C MISSOURI PUBLIC UTILITIES COMMISSION               | CUSIP: 606374AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4906856.00   | 0.44%             | 2023-08-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLID WASTE DISP FACS REV                      | WEST VIRGINIA ST ECON DEV AUTH WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY       | CUSIP: 95648VBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9859233.00   | 0.88%             | 2042-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSN DIST COLO PRIVATE ACTIVITY REV                                 | REGL CO TRANSPRTN DIST PRIV AC REGIONAL TRANSPORTATION DISTRICT                   | CUSIP: 759151AY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $395342.82    | 0.04%             | 2026-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                  | SAINT JOHN THE BAPTIST PARISH PARISH OF ST JOHN THE BAPTIST LA                    | CUSIP: 79020FAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2900580.90   | 0.26%             | 2037-06-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HEALTH & HOSP CORP REV                                       | NEW YORK CITY NY HLTH & HOSP C NEW YORK CITY HEALTH AND HOSPITALS CORP            | CUSIP: 649674KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $759750.60    | 0.07%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                                                        | OHIO ST STATE OF OHIO                                                             | CUSIP: 6775227B4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $622004.64    | 0.06%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                          | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES     | CUSIP: 88034YAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1503000 | PA      | $1503000.00   | 0.13%             | 2048-03-15      | Floating      | 2.43%                 | Yes           |                  2 | On Loan: No      |
| NORTH SUMTER CNTY UTIL DEPENDENT DIST FLA UTIL REV                             | N SUMTER CNTY FL UTILITY DEPEN NORTH SUMTER COUNTY UTILITY DEPENDENT DISTRICT     | CUSIP: 66272RDL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $646974.72    | 0.06%             | 2023-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV                                                 | ARIZONA INDL DEV AUTH HOSP REV ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY           | CUSIP: 04052EAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205056.68    | 0.02%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWARK N J                                                                     | NEWARK NJ CITY OF NEWARK NJ                                                       | CUSIP: 650367PU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1099333.95   | 0.10%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                          | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES     | CUSIP: 88034WRL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1365000.00   | 0.12%             | 2045-09-01      | Floating      | 2.23%                 | Yes           |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                               | MASSACHUSETTS ST DEV FIN AGY R MASSACHUSETTS DEVELOPMENT FINANCE AGENCY           | CUSIP: 57584YB32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $468748.34    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA DEV FIN AUTH HEALTH SYS REV                                           | OKLAHOMA ST DEV FIN AUTH HLTHS OKLAHOMA DEVELOPMENT FINANCE AUTHORITY             | CUSIP: 67884XCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.07%             | 2031-08-15      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| E 470 PUB HWY AUTH COLO REV                                                    | E-470 CO PUBLIC HIGHWAY AUTH E-470 PUBLIC HIGHWAY AUTHORITY                       | CUSIP: 26822LMV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4455684.00   | 0.40%             | 2039-09-01      | Floating      | 2.39%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV                                  | MARYLAND ST HLTH & HGR EDUCTNL MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AU | CUSIP: 57421CAT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6498793.13   | 0.58%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSN DIST COLO PRIVATE ACTIVITY REV                                 | REGL CO TRANSPRTN DIST PRIV AC REGIONAL TRANSPORTATION DISTRICT                   | CUSIP: 759151AX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $452983.83    | 0.04%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ODESSA TEX COLLEGE DIST REV                                                    | ODESSA TX JNR CLG DIST ODESSA JUNIOR COLLEGE DISTRICT                             | CUSIP: 676040JJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $331279.65    | 0.03%             | 2024-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV                                  | HARRIS CNTY TX CULTURAL EDU FA HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANC | CUSIP: 414009PN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1683757.24   | 0.15%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                               | OHIO ST HOSP REVENUE STATE OF OHIO                                                | CUSIP: 67756CFM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204648.66    | 0.02%             | 2024-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                               | MASSACHUSETTS ST DEV FIN AGY R MASSACHUSETTS DEVELOPMENT FINANCE AGENCY           | CUSIP: 57584YPF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6186832.50   | 0.55%             | 2049-07-01      | Floating      | 2.98%                 | Yes           |                  2 | On Loan: No      |
| WILLIAMSON CNTY TEX MUN UTIL DIST NO 19A                                       | WILLIAMSON CNTY TX MUNI UTILIT WILLIAMSON COUNTY MUNICIPAL UTILITY DISTRICT NO 19 | CUSIP: 97001PHD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $237877.81    | 0.02%             | 2023-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH RENT HSG REV                                          | MICHIGAN ST HSG DEV AUTH RENTA MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY       | CUSIP: 59465PCN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6135000 | PA      | $6116867.39   | 0.55%             | 2026-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY ARIZ POLLUTN CTL CORP REV                                        | COCONINO CNTY AZ POLL CONTROLC COCONINO COUNTY POLLUTION CONTROL CORP             | CUSIP: 191855BK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3485048.35   | 0.31%             | 2032-09-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| WHITING IND ENVIRONMENTAL FACS REV                                             | WHITING IN ENVRNMNTL FACS REVE CITY OF WHITING IN                                 | CUSIP: 96634RAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4865000 | PA      | $4941052.11   | 0.44%             | 2047-11-01      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV                     | NTHRN AK TOBACCO SECURITIZATIO NORTHERN TOBACCO SECURITIZATION CORP               | CUSIP: 66585VBD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502243.40    | 0.04%             | 2023-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPTIST HEALTH ALA                                        | HLTH CARE AUTH FOR BAPTIST HLT HEALTH CARE AUTHORITY FOR BAPTIST HEALTH/THE       | CUSIP: 42219UBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2035000.00   | 0.18%             | 2042-11-01      | Floating      | 2.57%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK REV                                              | PENNSYLVANIA ST TURNPIKE COMMI PENNSYLVANIA TURNPIKE COMMISSION                   | CUSIP: 7092248P7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.16%             | 2039-12-01      | Floating      | 1.86%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVIRONMENTAL FACS REV                                     | INDIANA ST FIN AUTH ENVRNMNTL INDIANA FINANCE AUTHORITY                           | CUSIP: 455059AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1745549.40   | 0.16%             | 2038-12-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN AGY MULTI-FAMILY HSG REV                             | DIST OF COLUMBIA HSG FIN AGY M DISTRICT OF COLUMBIA HOUSING FINANCE AGENCY        | CUSIP: 25477PPF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2654175.12   | 0.24%             | 2024-06-01      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                           | MIZUHO FLOATER/RESIDUAL TRUST MIZUHO FLOATER/RESIDUAL TRUST                       | CUSIP: 60700HDJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4300000.00   | 0.38%             | 2035-11-01      | Floating      | 0.92%                 | Yes           |                  2 | On Loan: No      |
| WISCONSIN HSG & ECONOMIC DEV AUTH HSG REV                                      | WISCONSIN ST HSG & ECON DEV AU WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY | CUSIP: 976904Y30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $563092.80    | 0.05%             | 2050-11-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA GEN PURP AUTH CHARTER SCH REV                                   | LEHIGH CNTY PA GEN PURPOSE AUT LEHIGH COUNTY GENERAL PURPOSE AUTHORITY            | CUSIP: 52480EAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $604183.02    | 0.05%             | 2024-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                               | NEW JERSEY ST ECON DEV AUTH RE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 64577B6E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3597711.03   | 0.32%             | 2027-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DENTON TEX INDPT SCH DIST                                                      | DENTON TX INDEP SCH DIST DENTON INDEPENDENT SCHOOL DISTRICT                       | CUSIP: 249002GM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1976862.89   | 0.18%             | 2043-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH HSG AUTH REV                                                      | SEATTLE WA HSG AUTH SEATTLE HOUSING AUTHORITY                                     | CUSIP: 812636ML9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918417.80    | 0.08%             | 2026-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND ORE ARPT REV                                                     | PORT OF PORTLAND OR ARPT REVEN PORT OF PORTLAND OR AIRPORT REVENUE                | CUSIP: 735240T37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $278863.48    | 0.02%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                                | NEW JERSEY ST TRANSPRTN TRUST NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY      | CUSIP: 6461366A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3117047.70   | 0.28%             | 2024-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HALE CENTER TEX ED FACS CORP REV                                               | HALE CENTER TX EDU FACS CORP R HALE CENTER EDUCATION FACILITIES CORP              | CUSIP: 405423BK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $462334.23    | 0.04%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COASTAL BEND HEALTH FACS DEV CORP TEX                                          | COASTAL BEND TX HLTH FACS DEV COASTAL BEND HEALTH FACILITIES DEVELOPMENT CORP     | CUSIP: 19042FAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2125000.00   | 0.19%             | 2031-07-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUTH MULTIFAMILY HSG REV                            | INDIANA ST HSG & CMNTY DEV AUT INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY  | CUSIP: 45506CBG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3038113.50   | 0.27%             | 2025-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HARLANDALE TEX INDPT SCH DIST                                                  | HARLANDALE TX INDEP SCH DIST HARLANDALE INDEPENDENT SCHOOL DISTRICT               | CUSIP: 412707KD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3085509.01   | 0.28%             | 2040-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                  | SAINT JOHN THE BAPTIST PARISH PARISH OF ST JOHN THE BAPTIST LA                    | CUSIP: 79020FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7737906.40   | 0.69%             | 2037-06-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OHIO ARPT SYS REV                                                    | CLEVELAND OH ARPT SYS REVENUE CITY OF CLEVELAND OH AIRPORT SYSTEM REVENUE         | CUSIP: 186352RL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $937863.47    | 0.08%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH REV                                                      | ILLINOIS ST HSG DEV AUTH REVEN ILLINOIS HOUSING DEVELOPMENT AUTHORITY             | CUSIP: 45201YM38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969041.80    | 0.09%             | 2026-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| BAYONNE N J                                                                    | BAYONNE NJ CITY OF BAYONNE NJ                                                     | CUSIP: 072887WF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983575.20    | 0.09%             | 2023-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH REV                                                      | ILLINOIS ST HSG DEV AUTH REVEN ILLINOIS HOUSING DEVELOPMENT AUTHORITY             | CUSIP: 45203MHY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005117.40   | 0.18%             | 2053-10-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| NEWMAN CROWS LANDING UNI SCH DIST CALIF                                        | NEWMAN-CROWS LANDING CA UNIF S NEWMAN-CROWS LANDING UNIFIED SCHOOL DISTRICT/CA    | CUSIP: 65154LJD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $456871.45    | 0.04%             | 2025-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY MULTIFAMILY HSG REV                                   | PENNSYLVANIA ST HSG FIN AGY MF PENNSYLVANIA HOUSING FINANCE AGENCY                | CUSIP: 708797AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3960186.40   | 0.35%             | 2024-07-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH POLLUTN CTL REV                                        | BARTOW CNTY GA DEV AUTH BARTOW COUNTY DEVELOPMENT AUTHORITY                       | CUSIP: 069643BJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2070980.10   | 0.18%             | 2032-12-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ELEC & GAS REV                                                 | SAN ANTONIO TX ELEC & GAS REVE CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVE | CUSIP: 79625GBW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8705000 | PA      | $8472769.75   | 0.76%             | 2033-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| YONKERS N Y                                                                    | YONKERS NY CITY OF YONKERS NY                                                     | CUSIP: 986082F67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265802.16    | 0.02%             | 2023-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6885000 | PA      | $6910582.59   | 0.62%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH REV                                                          | MICHIGAN ST FIN AUTH REVENUE MICHIGAN FINANCE AUTHORITY                           | CUSIP: 59447PC90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1353755.42   | 0.12%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLLUTN CTL REV                                         | BURKE CNTY GA DEV AUTH POLL CO DEVELOPMENT AUTHORITY OF BURKE COUNTY/THE          | CUSIP: 121342QD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3945228.40   | 0.35%             | 2049-12-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NEWARK N J                                                                     | NEWARK NJ CITY OF NEWARK NJ                                                       | CUSIP: 650367LP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035707.90   | 0.09%             | 2024-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GAINESVILLE FLA UTILS SYS REV                                                  | GAINESVILLE FL UTILITIES SYS R CITY OF GAINESVILLE FL UTILITIES SYSTEM REVENUE    | CUSIP: 362848RR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11300000 | PA      | $11300000.00  | 1.01%             | 2042-10-01      | Floating      | 1.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                          | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES     | CUSIP: 88035EBS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.45%             | 2052-12-01      | Floating      | 2.19%                 | Yes           |                  2 | On Loan: No      |
| GREATER SOUTHN TIER BRD COOP EDL SVCS SOLE SUPERVISORY DIST N Y                | GTR STHRN TIER NY BOCES SOLE S GREATER SOUTHERN TIER BOARD OF COOPERATIVE EDUCATI | CUSIP: 39235RBJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10655000 | PA      | $10695796.93  | 0.95%             | 2023-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV                     | NTHRN AK TOBACCO SECURITIZATIO NORTHERN TOBACCO SECURITIZATION CORP               | CUSIP: 66585VBE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $613419.96    | 0.05%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAUKEGAN ILL WTR & SWR REV                                                     | WAUKEGAN IL WTR & SWR REVENUE CITY OF WAUKEGAN IL WATER & SEWER SYSTEM REVENUE    | CUSIP: 943011KK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225241.79    | 0.02%             | 2022-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VINEYARD REDEV AGY UTAH TAX INCREMENT REV                                      | VINEYARD REDEV AGY UT TAX INCR VINEYARD REDEVELOPMENT AGENCY                      | CUSIP: 92743FBK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403975.16    | 0.04%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY SOUTH ALA UNIV REVS                                                 | UNIV OF SOUTH ALABAMA AL UNIV UNIVERSITY OF SOUTH ALABAMA                         | CUSIP: 914845TG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $426783.56    | 0.04%             | 2023-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y REV                                               | MET TRANSPRTN AUTH NY REVENUE METROPOLITAN TRANSPORTATION AUTHORITY               | CUSIP: 59261AL47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982446.70    | 0.09%             | 2032-11-01      | Floating      | 3.08%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                          | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES     | CUSIP: 88034YXG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.45%             | 2056-06-15      | Floating      | 2.20%                 | Yes           |                  2 | On Loan: No      |
| KENTUCKY HSG CORP MULTI-FAMILY REV                                             | KENTUCKY ST HSG CORP MF REVENU KENTUCKY HOUSING CORP                              | CUSIP: 491312EJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1445318.40   | 0.13%             | 2024-08-01      | Fixed         | 0.30%                 | No            |                  2 | On Loan: No      |
| YONKERS N Y                                                                    | YONKERS NY CITY OF YONKERS NY                                                     | CUSIP: 986082N35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $704150.18    | 0.06%             | 2023-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAUKEGAN ILL WTR & SWR REV                                                     | WAUKEGAN IL WTR & SWR REVENUE CITY OF WAUKEGAN IL WATER & SEWER SYSTEM REVENUE    | CUSIP: 943011KL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253343.85    | 0.02%             | 2023-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV                                 | PITTSBURGH PA WTR & SWR AUTH PITTSBURGH WATER & SEWER AUTHORITY                   | CUSIP: 725304UC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997817.60   | 0.18%             | 2040-09-01      | Floating      | 3.03%                 | No            |                  2 | On Loan: No      |
| PASSAIC N J                                                                    | PASSAIC NJ CITY OF PASSAIC NJ                                                     | CUSIP: 702775TZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $719148.33    | 0.06%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH REV                                                  | COLORADO ST HLTH FACS AUTH REV COLORADO HEALTH FACILITIES AUTHORITY               | CUSIP: 19648FJJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2082411.20   | 0.19%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KILGORE TEX INDPT SCH DIST                                                     | KILGORE TX INDEP SCH DIST KILGORE INDEPENDENT SCHOOL DISTRICT                     | CUSIP: 494053LZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2110534.76   | 0.19%             | 2052-02-15      | Floating      | 1.97%                 | No            |                  2 | On Loan: No      |
| CAMERON CNTY TEX HSG FIN CORP MULTIFAMILY HSG REV                              | CAMERON CNTY TX HSG FIN CORP M CAMERON COUNTY HOUSING FINANCE CORP                | CUSIP: 133335AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998861.70    | 0.09%             | 2024-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV                                  | BLACK BELT ENERGY GAS DIST ALG BLACK BELT ENERGY GAS DISTRICT                     | CUSIP: 09182RAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3940000 | PA      | $3924555.20   | 0.35%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                    | CONNECTICUT ST HSG FIN AUTH CONNECTICUT HOUSING FINANCE AUTHORITY                 | CUSIP: 20774W3F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1314411.27   | 0.12%             | 2023-06-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GREENEVILLE TENN HEALTH & EDL FACS BRD HOSP REV                                | GREENEVILLE TN HLTH & EDUCTNL GREENEVILLE HEALTH & EDUCATIONAL FACILITIES BOARD   | CUSIP: 396649EG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011508.90   | 0.09%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN NEW YORK AMT-FREE MUN INCOME FD                                         | NUVEEN NY AMT FREE QUALITY MUN NUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME  | CUSIP: 670656867<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.36%             | 2047-05-01      | Floating      | 2.83%                 | Yes           |                  2 | On Loan: No      |
| WASHINGTON ST HIGHER ED FACS AUTH REV                                          | WASHINGTON ST HGR EDU FACS AUT WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY   | CUSIP: 9397813J7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126112.56    | 0.01%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDL FACS AUTH REV                                                   | CALIFORNIA ST EDUCTNL FACS AUT CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY        | CUSIP: 1301747R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1093436.62   | 0.10%             | 2023-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4127760.15   | 0.37%             | 2048-04-01      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| ROCKPORT IND POLLUTION CTL REV                                                 | ROCKPORT IN POLL CONTROL REVEN CITY OF ROCKPORT IN                                | CUSIP: 773835BS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10465000 | PA      | $10492283.30  | 0.94%             | 2025-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| BOSTON MASS HSG AUTH CAP PROGRAM REV                                           | BOSTON MA HSG AUTH CAPITAL PRO BOSTON HOUSING AUTHORITY/MA                        | CUSIP: 100868BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $421402.88    | 0.04%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH REV                                               | OHIO ST AIR QUALITY DEV AUTH OHIO AIR QUALITY DEVELOPMENT AUTHORITY               | CUSIP: 677525WN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2888414.10   | 0.26%             | 2027-12-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                 | CONNECTICUT ST STATE OF CONNECTICUT                                               | CUSIP: 20772JMB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1835814.42   | 0.16%             | 2025-03-01      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPTIST HEALTH ALA                                        | HLTH CARE AUTH FOR BAPTIST HLT HEALTH CARE AUTHORITY FOR BAPTIST HEALTH/THE       | CUSIP: 42219UBD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1325000.00   | 0.12%             | 2037-11-15      | Floating      | 3.46%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV                                 | KENTUCKY ST PUBLIC ENERGY AUTH KENTUCKY PUBLIC ENERGY AUTHORITY                   | CUSIP: 74440DCC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7454190.00   | 0.66%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN AUTH STUDENT LN REV                                 | RHODE ISLAND ST STUDENT LOAN A RHODE ISLAND STUDENT LOAN AUTHORITY                | CUSIP: 762315NZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2478035.09   | 0.22%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV                                     | MINNESOTA MUNI GAS AGY COMMODI MINNESOTA MUNICIPAL GAS AGENCY                     | CUSIP: 60406UAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507767.90   | 0.13%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                                                  | NEW JERSEY ST STATE OF NEW JERSEY                                                 | CUSIP: 646039YG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006999.50   | 0.09%             | 2023-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                 | CONNECTICUT ST STATE OF CONNECTICUT                                               | CUSIP: 20772KRQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1594087.95   | 0.14%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FLA EDL FACS AUTH REV                                          | PALM BEACH CNTY FL EDUCTNL FAC PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY | CUSIP: 696506AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $236307.75    | 0.02%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TEX INDPT SCH DIST                                                   | FORT BEND TX INDEP SCH DIST FORT BEND INDEPENDENT SCHOOL DISTRICT                 | CUSIP: 346843RY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $723922.52    | 0.06%             | 2050-08-01      | Floating      | 0.88%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV                            | MINNEAPOLIS-SAINT PAUL MN MET MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSI  | CUSIP: 603827H82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400618.64    | 0.04%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HIGHER ED FACS AUTH REV                                          | WASHINGTON ST HGR EDU FACS AUT WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY   | CUSIP: 9397813K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $164137.25    | 0.01%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN AGY MULTI-FAMILY HSG REV                             | DIST OF COLUMBIA HSG FIN AGY M DISTRICT OF COLUMBIA HOUSING FINANCE AGENCY        | CUSIP: 25477PPC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497173.35    | 0.04%             | 2039-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CENTRAL MINN MUN PWR AGY REV                                                   | CENTRL MN MUNI PWR AGY CENTRAL MINNESOTA MUNICIPAL POWER AGENCY                   | CUSIP: 154136AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $292049.25    | 0.03%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW CANEY TEX INDPT SCH DIST                                                   | NEW CANEY TX INDEP SCH DIST NEW CANEY INDEPENDENT SCHOOL DISTRICT                 | CUSIP: 643154HS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1260065.59   | 0.11%             | 2050-02-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| COOK CNTY ILL CMNTY HIGH SCH DIST NO 233 HOMEWOOD& FLOSSMOR                    | COOK CNTY IL CMNTY HIGH SCH DI COOK COUNTY COMMUNITY HIGH SCHOOL DISTRICT NO 233  | CUSIP: 216003JF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1634998.41   | 0.15%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV                                    | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENERGY GAS DISTRICT                      | CUSIP: 09182TAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7520000 | PA      | $7500368.29   | 0.67%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DDR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1101286.56   | 0.10%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11025000 | PA      | $11065017.44  | 0.99%             | 2048-08-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| LOUISA VA INDL DEV AUTH POLLUTN CTL REV                                        | LOUISA VA INDL DEV AUTH POLL C LOUISA INDUSTRIAL DEVELOPMENT AUTHORITY            | CUSIP: 546068AW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5299457.90   | 0.47%             | 2035-11-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY REV                                                    | NEW YORK ST HSG FIN AGY NEW YORK STATE HOUSING FINANCE AGENCY                     | CUSIP: 64987DQ31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4824205.50   | 0.43%             | 2024-11-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| GALVESTON TEX PUB FAC CORP MULTIFAMILY HSG REV                                 | GALVESTON TX PUB FAC CORP MF H GALVESTON PUBLIC FACILITY CORP                     | CUSIP: 36454CAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1419383.55   | 0.13%             | 2025-08-01      | Fixed         | 0.47%                 | No            |                  2 | On Loan: No      |
| GRANITE CITY ILL SOLID WASTE DISP REV                                          | GRANITE CITY IL CITY OF GRANITE CITY IL                                           | CUSIP: 387307AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $3556905.80   | 0.32%             | 2027-05-01      | Floating      | 1.23%                 | No            |                  2 | On Loan: No      |
| FORT BEND TEX INDPT SCH DIST                                                   | FORT BEND TX INDEP SCH DIST FORT BEND INDEPENDENT SCHOOL DISTRICT                 | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $770907.10    | 0.07%             | 2051-08-01      | Fixed         | 0.72%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR-OHIO INC                                                      | AMERICAN MUNI PWR-OHIO INC AMERICAN MUNICIPAL POWER INC                           | CUSIP: 027651YD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $315000.00    | 0.03%             | 2022-12-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV                        | CHARLOTTE-MECKLENBURG NC HOSPA CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY/THE       | CUSIP: 160853VG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939547.70    | 0.08%             | 2048-01-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                                | NEW JERSEY ST TRANSPRTN TRUST NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY      | CUSIP: 646136JV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1378143.76   | 0.12%             | 2023-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LARIMORE N D LN ANTIC TEMP IMPT BDS                                            | LARIMORE ND LOAN ANTICIPATION CITY OF LARIMORE ND                                 | CUSIP: 517217AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1621761.92   | 0.14%             | 2024-05-01      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| ALVIN TEX INDPT SCH DIST                                                       | ALVIN TX INDEP SCH DIST ALVIN INDEPENDENT SCHOOL DISTRICT/TX                      | CUSIP: 022447S72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1970736.60   | 0.18%             | 2036-02-15      | Floating      | 0.45%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TPK AUTH TPK REV                                                 | NEW JERSEY ST TURNPIKE AUTH TU NEW JERSEY TURNPIKE AUTHORITY                      | CUSIP: 646140BJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2665369.37   | 0.24%             | 2023-01-01      | Floating      | 3.24%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                       | JACKSONVILLE FL SPL REVENUE CITY OF JACKSONVILLE FL                               | CUSIP: 469487TA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1460217.96   | 0.13%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV                                  | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENERGY GAS DISTRICT                      | CUSIP: 09182RAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13510000 | PA      | $13486460.18  | 1.20%             | 2048-12-01      | Floating      | 3.42%                 | No            |                  2 | On Loan: No      |
| YONKERS N Y                                                                    | YONKERS NY CITY OF YONKERS NY                                                     | CUSIP: 986082M36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $793771.95    | 0.07%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ODESSA TEX HSG FIN CORP MULTIFAMILY HSG REV                                    | ODESSA TX HSG FIN CORP MF HSG ODESSA HOUSING FINANCE CORP                         | CUSIP: 67602TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1488820.65   | 0.13%             | 2023-09-01      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV                                 | PENNSYLVANIA ST HSG FIN AGY SF PENNSYLVANIA HOUSING FINANCE AGENCY                | CUSIP: 7087962Y2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1229764.50   | 0.11%             | 2027-04-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| NORTH HAYS CNTY TEX MUN UTIL DIST NO 1                                         | N HAYS CNTY TX MUNI UTILITY DI NORTH HAYS COUNTY MUNICIPAL UTILITY DISTRICT NO 1  | CUSIP: 659607JA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $315594.28    | 0.03%             | 2023-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SALINE MICH AREA SCHS                                                          | SALINE MI AREA SCHS SALINE AREA SCHOOLS                                           | CUSIP: 795200KL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1045242.67   | 0.09%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANGAMON LOGAN & MENARD CNTYS ILL CMNTY UNIT SCH DIST NO 015                   | SANGAMON LOGAN & MENARD CNTYS SANGAMON LOGAN & MENARD COUNTIES COMMUNITY UNIT SC  | CUSIP: 800783EZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204263.24    | 0.02%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                       | MINNESOTA ST HSG FIN AGY MINNESOTA HOUSING FINANCE AGENCY                         | CUSIP: 60416TEN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1068539.59   | 0.10%             | 2026-01-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| GLOUCESTER CNTY N J IMPT AUTH REV                                              | GLOUCESTER CNTY NJ IMPT AUTH GLOUCESTER COUNTY IMPROVEMENT AUTHORITY/THE          | CUSIP: 37970PKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479317.45    | 0.04%             | 2024-03-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| BEAUMONT TEX                                                                   | BEAUMONT TX CITY OF BEAUMONT TX                                                   | CUSIP: 0745096R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $272555.12    | 0.02%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT                               | NEW YORK ST DORM AUTH REVENUES NEW YORK STATE DORMITORY AUTHORITY                 | CUSIP: 65000BNK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4645000 | PA      | $4846974.35   | 0.43%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                           | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116EC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1833022.44   | 0.16%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA MUN BD BK ALASKA MUN BD BK AUTH                                         | ALASKA ST MUNI BOND BANK AUTH ALASKA MUNICIPAL BOND BANK AUTHORITY                | CUSIP: 01179RD91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.06%             | 2022-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DDD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503901.35    | 0.04%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV                                       | CALIFORNIA ST STWD CMNTYS DEV CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHO  | CUSIP: 130795DH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1925000.00   | 0.17%             | 2041-07-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| CYPRESS-FAIRBANKS TEX INDPT SCH DIST                                           | CYPRESS-FAIRBANKS TX INDEP SCH CYPRESS-FAIRBANKS INDEPENDENT SCHOOL DISTRICT      | CUSIP: 232769BU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1373052.49   | 0.12%             | 2040-02-15      | Floating      | 0.28%                 | No            |                  2 | On Loan: No      |
| CONNETQUOT CENT SCH DIST N Y ISLIP                                             | CONNETQUOT NY CENTRL SCH DISTO CONNETQUOT CENTRAL SCHOOL DISTRICT OF ISLIP        | CUSIP: 208201MJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17975000 | PA      | $18079229.84  | 1.61%             | 2023-06-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX INDPT SCH DIST                                                     | HOUSTON TX INDEP SCH DIST HOUSTON INDEPENDENT SCHOOL DISTRICT                     | CUSIP: 442403PS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9590000 | PA      | $9485866.99   | 0.85%             | 2039-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HALIFAX CNTY VA INDL DEV AUTH REV                                              | HALIFAX CNTY VA INDL DEV AUTH HALIFAX COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY     | CUSIP: 40579PAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1927075.60   | 0.17%             | 2041-12-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| EVANSVILLE-VANDERBURGH CNTY IND BLDG AUTH LEASE RENT REV                       | EVANSVILLE VANDERBURGH CNTY IN EVANSVILLE-VANDERBURGH COUNTY BUILDING AUTHORITY   | CUSIP: 299578EB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200071.96    | 0.02%             | 2023-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HSG FIN CORP MULTIFAMILY HSG REV                                 | ARLINGTON TX HSG FIN CORP MF H ARLINGTON HOUSING FINANCE CORP                     | CUSIP: 041818AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11017129.20  | 0.98%             | 2043-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PARKLAND PA SCH DIST                                                           | PARKLAND PA SCH DIST PARKLAND SCHOOL DISTRICT                                     | CUSIP: 701383ZM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102739.67    | 0.01%             | 2025-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSN DIST COLO PRIVATE ACTIVITY REV                                 | REGL CO TRANSPRTN DIST PRIV AC REGIONAL TRANSPORTATION DISTRICT                   | CUSIP: 759151AV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $624688.59    | 0.06%             | 2024-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL BRADFORD PROGRESS AUTH PA REV                                          | CENTRL BRADFORD PROGRESS AUTHP CENTRAL BRADFORD PROGRESS AUTHORITY                | CUSIP: 152691BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1165000.00   | 0.10%             | 2041-12-01      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| GRETNA NEB CTFS PARTN                                                          | GRETNA NE COPS CITY OF GRETNA NE                                                  | CUSIP: 397806AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2080640.00   | 0.19%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                  | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENERGY GAS DISTRICT                      | CUSIP: 09182NCC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1973182.60   | 0.18%             | 2052-07-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                    | ILLINOIS ST STATE OF ILLINOIS                                                     | CUSIP: 452152ML2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1086559.80   | 0.10%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES & USE TAX REV                    | CENTRL PUGET SOUND WA REGL TRA CENTRAL PUGET SOUND REGIONAL TRANSIT AUTHORITY     | CUSIP: 15504RGN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5833459.20   | 0.52%             | 2045-11-01      | Floating      | 2.44%                 | No            |                  2 | On Loan: No      |
| NORTH HAYS CNTY TEX MUN UTIL DIST NO 1                                         | N HAYS CNTY TX MUNI UTILITY DI NORTH HAYS COUNTY MUNICIPAL UTILITY DISTRICT NO 1  | CUSIP: 659607JC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $335258.62    | 0.03%             | 2025-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA KENNESTONE HOSP AUTH REV                                          | COBB CNTY GA KENNESTONE HOSP A COBB COUNTY KENNESTONE HOSPITAL AUTHORITY          | CUSIP: 190813RH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $548701.97    | 0.05%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS SPORTS FACS AUTH                                                      | ILLINOIS ST SPORTS FACS AUTH ILLINOIS SPORTS FACILITIES AUTHORITY/THE             | CUSIP: 452143EZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535614.95   | 0.14%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA                                 | SOUTHEAST ENERGY AUTH AL COMMO SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT  | CUSIP: 84136FAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1319508.97   | 0.12%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH TEX TWY AUTH REV                                                         | N TX TOLLWAY AUTH REVENUE NORTH TEXAS TOLLWAY AUTHORITY                           | CUSIP: 66285WH33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185384.99    | 0.02%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FLA ARPT REV                                                          | LEE CNTY FL ARPT REVENUE COUNTY OF LEE FL AIRPORT REVENUE                         | CUSIP: 523470GC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $839355.46    | 0.07%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                           | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116DB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.02%             | 2022-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN KERN CALIF UNI SCH DIST                                               | STHRN KERN CA UNIF SCH DIST SOUTHERN KERN UNIFIED SCHOOL DISTRICT                 | CUSIP: 843257KD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $188689.02    | 0.02%             | 2024-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DCH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7297001.75   | 0.65%             | 2049-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| DAYTON OHIO CITY SCH DIST CTFS PARTN                                           | DAYTON OH CITY SCH DIST COPS DAYTON CITY SCHOOL DISTRICT                          | CUSIP: 239851CG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170046.26    | 0.02%             | 2025-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY N D JT WTR RES DIST                                                  | CASS CNTY ND JT WTR RESOURCE D CASS COUNTY JOINT WATER RESOURCE DISTRICT          | CUSIP: 14805PAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951308.10    | 0.08%             | 2024-05-01      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV                                      | CONNECTICUT ST HLTH & EDUCTNL CONNECTICUT STATE HEALTH & EDUCATIONAL FACILITIES   | CUSIP: 20775DGQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1965433.40   | 0.18%             | 2037-07-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE CNTY TENN HEALTH EDL & HSG FAC BRD MULTIFAMILY HSG REV               | KNOX CNTY TN HLTH EDUCTNL & HS KNOX COUNTY HEALTH EDUCATIONAL & HOUSING FACILITY  | CUSIP: 499652AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502620.75    | 0.04%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BOISE CITY IDAHO ARPT REV                                                      | BOISE CITY ID ARPT REVENUE CITY OF BOISE CITY ID AIRPORT REVENUE                  | CUSIP: 097428EH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202356.08    | 0.02%             | 2024-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO HEIGHTS ILL MULTIFAMILY REV                                            | CHICAGO HEIGHTS IL MF REVENUE CITY OF CHICAGO HEIGHTS IL                          | CUSIP: 167403AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1952069.00   | 0.17%             | 2027-08-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY MULTIFAMILY CONDUIT REV                        | NEW JERSEY ST HSG & MTGE FIN A NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY       | CUSIP: 646127FE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5620000 | PA      | $5561147.92   | 0.50%             | 2025-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                               | NEW JERSEY ST ECON DEV AUTH RE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 64577XBY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $460494.94    | 0.04%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST CHICAGO ILL PK DIST                                                       | WEST CHICAGO IL PARK DIST WEST CHICAGO PARK DISTRICT                              | CUSIP: 952083KN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.02%             | 2022-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N J                                               | TOBACCO SETTLEMENT FING CORP N TOBACCO SETTLEMENT FINANCING CORP                  | CUSIP: 888808GZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3077663.10   | 0.27%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL PK DIST                                                            | CHICAGO IL PARK DIST CHICAGO PARK DISTRICT                                        | CUSIP: 167615TK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $561207.30    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YONKERS N Y                                                                    | YONKERS NY CITY OF YONKERS NY                                                     | CUSIP: 986082N43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521340.05    | 0.05%             | 2024-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y REV                                               | MET TRANSPRTN AUTH NY REVENUE METROPOLITAN TRANSPORTATION AUTHORITY               | CUSIP: 59261AM20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2634296.85   | 0.23%             | 2035-11-01      | Floating      | 2.86%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL                                                                    | CHICAGO IL CITY OF CHICAGO IL                                                     | CUSIP: 167486L23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1916000.09   | 0.17%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YONKERS N Y                                                                    | YONKERS NY CITY OF YONKERS NY                                                     | CUSIP: 986082H40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $280847.56    | 0.03%             | 2023-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY REV                                                    | NEW YORK ST HSG FIN AGY AFFORD NEW YORK STATE HOUSING FINANCE AGENCY              | CUSIP: 64987JAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3277582.70   | 0.29%             | 2025-05-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| LANCASTER PORT AUTH OHIO GAS SUPPLY REV                                        | LANCASTER OH PORT AUTH GAS REV LANCASTER PORT AUTHORITY                           | CUSIP: 514401BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3789633.24   | 0.34%             | 2049-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA PUB PWR DIST REV                                                      | NEBRASKA ST PUBLIC PWR DIST RE NEBRASKA PUBLIC POWER DISTRICT                     | CUSIP: 63968A4D4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4141617.48   | 0.37%             | 2051-01-01      | Floating      | 0.59%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                            | INDIANAPOLIS IN LOCAL PUBLIC I INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK    | CUSIP: 45528UR78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $681678.01    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                    | ILLINOIS ST STATE OF ILLINOIS                                                     | CUSIP: 452153AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2546744.50   | 0.23%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HALE CENTER TEX ED FACS CORP REV                                               | HALE CENTER TX EDU FACS CORP R HALE CENTER EDUCATION FACILITIES CORP              | CUSIP: 405423BJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $866138.95    | 0.08%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV                             | NEW YORK CITY NY HSG DEV CORP NEW YORK CITY HOUSING DEVELOPMENT CORP              | CUSIP: 64972EYZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2765913.00   | 0.25%             | 2061-05-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MISS GULF OPPORTUNITY ZONE                                         | WARREN CNTY MS GULF OPPORTUNIT COUNTY OF WARREN MS                                | CUSIP: 935031AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2327581.25   | 0.21%             | 2027-08-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DDZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $665287.22    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG & MTG FIN CORP REV                                            | RHODE ISLAND ST HSG & MTGE FIN RHODE ISLAND HOUSING & MORTGAGE FINANCE CORP       | CUSIP: 76221TPD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $730233.23    | 0.07%             | 2040-10-01      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUTH REV                                            | ALLEGHENY CNTY PA HOSP DEV AUT ALLEGHENY COUNTY HOSPITAL DEVELOPMENT AUTHORITY    | CUSIP: 01728A5V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2918372.10   | 0.26%             | 2047-11-15      | Floating      | 2.94%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT REV                                               | CHICAGO IL O'HARE INTERNATIONA CHICAGO O'HARE INTERNATIONAL AIRPORT               | CUSIP: 1675932M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $876820.88    | 0.08%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y REV                                               | MET TRANSPRTN AUTH NY REVENUE METROPOLITAN TRANSPORTATION AUTHORITY               | CUSIP: 59261AE78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2105907.30   | 0.19%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STAD & EXPOSITION DIST REV                                           | LOUISIANA STADIUM & EXPOSITION LOUISIANA STADIUM & EXPOSITION DISTRICT            | CUSIP: 546410CF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505329.80   | 0.13%             | 2023-07-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE BAY BRDG & TUNL DIST VA REV                                         | CHESAPEAKE BAY VA BRIDGE & TUN CHESAPEAKE BAY BRIDGE & TUNNEL DISTRICT            | CUSIP: 16514PAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033913.80   | 0.18%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY REV                                                    | NEW YORK ST HSG FIN AGY NEW YORK STATE HOUSING FINANCE AGENCY                     | CUSIP: 64987D3H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $1955085.07   | 0.17%             | 2025-05-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| NORTH TEX TWY AUTH REV                                                         | N TX TOLLWAY AUTH REVENUE NORTH TEXAS TOLLWAY AUTHORITY                           | CUSIP: 66285WM45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $205359.47    | 0.02%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG IS PWR AUTH N Y ELEC SYS REV                                              | LONG ISLAND NY PWR AUTH ELEC S LONG ISLAND POWER AUTHORITY                        | CUSIP: 542691DM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1821655.80   | 0.16%             | 2050-09-01      | Floating      | 0.84%                 | No            |                  2 | On Loan: No      |
| LACKAWANNA CNTY PA INDL DEV AUTH REV                                           | LACKAWANNA CNTY PA INDL DEV AU LACKAWANNA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY | CUSIP: 505493AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258730.03    | 0.02%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP REV                                              | MONROE CNTY NY INDL DEV CORP R MONROE COUNTY INDUSTRIAL DEVELOPMENT CORP/NY       | CUSIP: 61075TVW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406391.56    | 0.04%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH TEX MUN WTR DIST TEX REGL WASTEWTR REV IAM COML PAPER 3/A2 EXTENDABLE    | NORTH TEX MUN WTR DIST T3.35  2022-12-15 3.35% 12/15/2022                         | CUSIP: 66283UAG7<br>LEI: N/A                  | Long             | ABS-APCP         |  | US        |   5350000 | PA      | $5351740.36   | 0.48%             | 2022-12-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                   | CONNECTICUT ST HSG FIN AUTH HS CONNECTICUT HOUSING FINANCE AUTHORITY              | CUSIP: 20775HDY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $718978.43    | 0.06%             | 2024-05-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| FORT WAYNE IND REDEV AUTH LEASE RENT REV                                       | FORT WAYNE IN REDEV AUTH LEASE FORT WAYNE REDEVELOPMENT AUTHORITY                 | CUSIP: 349288HM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $835414.97    | 0.07%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSN DIST COLO PRIVATE ACTIVITY REV                                 | REGL CO TRANSPRTN DIST PRIV AC REGIONAL TRANSPORTATION DISTRICT                   | CUSIP: 759151AW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307365.36    | 0.03%             | 2025-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLLUTN CTL REV                                         | BURKE CNTY GA DEV AUTH POLL CO DEVELOPMENT AUTHORITY OF BURKE COUNTY/THE          | CUSIP: 121342PW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992341.00    | 0.09%             | 2032-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| EVANSVILLE-VANDERBURGH CNTY IND BLDG AUTH LEASE RENT REV                       | EVANSVILLE VANDERBURGH CNTY IN EVANSVILLE-VANDERBURGH COUNTY BUILDING AUTHORITY   | CUSIP: 299578EC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200235.82    | 0.02%             | 2023-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNSBURY PA SCH DIST                                                          | PENNSBURY PA SCH DIST PENNSBURY SCHOOL DISTRICT                                   | CUSIP: 708553ZC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1287117.72   | 0.11%             | 2024-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                               | NEW YORK NY CITY OF NEW YORK NY                                                   | CUSIP: 64966GWF5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4275000.00   | 0.38%             | 2027-10-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| SALEM ORE HOSP FAC AUTH REV                                                    | SALEM OR HOSP FAC AUTH REVENUE SALEM HOSPITAL FACILITY AUTHORITY                  | CUSIP: 794458GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130442.55    | 0.01%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CALIF PUB FING AUTH LEASE REV                                          | ANAHEIM CA PUBLIC FING AUTH LE ANAHEIM PUBLIC FINANCING AUTHORITY                 | CUSIP: 03255LBH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1467391.65   | 0.13%             | 2023-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP REV                                              | MONROE CNTY NY INDL DEV CORP R MONROE COUNTY INDUSTRIAL DEVELOPMENT CORP/NY       | CUSIP: 61075TVV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.04%             | 2022-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDL FING AUTH ED LN REV                                          | MASSACHUSETTS ST EDUCTNL FING MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY       | CUSIP: 57563RRJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049996.50   | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TEX INDPT SCH DIST                                                  | GEORGETOWN TX INDEP SCH DIST GEORGETOWN INDEPENDENT SCHOOL DISTRICT               | CUSIP: 373046ZH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1276175.62   | 0.11%             | 2044-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                               | OHIO ST HOSP REVENUE STATE OF OHIO                                                | CUSIP: 67756CFL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200531.24    | 0.02%             | 2023-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                            | INDIANAPOLIS IN LOCAL PUBLIC I INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK    | CUSIP: 455280M20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2809039.80   | 0.25%             | 2025-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DDE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $418195.33    | 0.04%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLLUTN CTL REV                                         | BURKE CNTY GA DEV AUTH POLL CO DEVELOPMENT AUTHORITY OF BURKE COUNTY/THE          | CUSIP: 121342PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497203.05    | 0.04%             | 2032-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPT ARPTS REV                                               | LOS ANGELES CA DEPT OF ARPTS A CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS         | CUSIP: 544445BN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $991721.14    | 0.09%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N J                                               | TOBACCO SETTLEMENT FING CORP N TOBACCO SETTLEMENT FINANCING CORP                  | CUSIP: 888808GY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1261392.38   | 0.11%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH WTR FACS REV                                      | NEW JERSEY ST ECON DEV AUTH WT NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 645780FN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1283940.45   | 0.11%             | 2023-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                    | ILLINOIS ST STATE OF ILLINOIS                                                     | CUSIP: 452153AZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4329465.65   | 0.39%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERNON CALIF ELEC SYS REV                                                      | VERNON CA ELEC SYS REVENUE CITY OF VERNON CA ELECTRIC SYSTEM REVENUE              | CUSIP: 924397EC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1245995.65   | 0.11%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDL FING AUTH ED LN REV                                          | MASSACHUSETTS ST EDUCTNL FING MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY       | CUSIP: 57563RRH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $882175.39    | 0.08%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV PITTSBURGH OF THE COMWLTH SYS OF HIGHER ED PA                             | UNIV OF PITTSBURGH PA OF THE C UNIVERSITY OF PITTSBURGH-OF THE COMMONWEALTH SYSTE | CUSIP: 91335VKV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2849012.19   | 0.25%             | 2024-02-15      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ SPL HEALTH CARE DIST                                        | MARICOPA CNTY AZ SPL HLTH CARE MARICOPA COUNTY SPECIAL HEALTH CARE DISTRICT       | CUSIP: 56756TAX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1025114.71   | 0.09%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV                                  | HARRIS CNTY TX CULTURAL EDU FA HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANC | CUSIP: 414009PW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924503.70    | 0.08%             | 2050-05-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| LOUISA VA INDL DEV AUTH POLLUTN CTL REV                                        | LOUISA VA INDL DEV AUTH POLL C LOUISA INDUSTRIAL DEVELOPMENT AUTHORITY            | CUSIP: 546068AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6050000 | PA      | $5986770.24   | 0.53%             | 2035-11-01      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| NORTH TEX MUN WTR DIST UPPER EAST FORK WASTEWATER INTERCEPTOR SYS CONTRACT REV | NORTH TX MUNI WATER DIST3.400000 2022-12-15 3.40% 12/15/2022                      | CUSIP: 66284PAG7<br>LEI: N/A                  | Long             | ABS-APCP         |  | US        |   4555000 | PA      | $4555651.37   | 0.41%             | 2022-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF GTR CINCINNATI DEV AUTH OHIO REV                                  | PORT AUTH OF GTR CINCINNATI DE PORT OF GREATER CINCINNATI DEVELOPMENT AUTHORITY   | CUSIP: 73357CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4977758.00   | 0.44%             | 2023-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                                | NEW JERSEY ST TRANSPRTN TRUST NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY      | CUSIP: 646136LU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001110.50   | 0.09%             | 2022-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y REVS                                           | TRIBOROUGH NY BRIDGE & TUNNEL TRIBOROUGH BRIDGE & TUNNEL AUTHORITY                | CUSIP: 89602NZF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5027.80      | 0.00%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TEX MUN UTIL DIST NO 19A                                       | WILLIAMSON CNTY TX MUNI UTILIT WILLIAMSON COUNTY MUNICIPAL UTILITY DISTRICT NO 19 | CUSIP: 97001PHE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $251828.66    | 0.02%             | 2024-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORTH TEX TWY AUTH REV                                                         | N TX TOLLWAY AUTH REVENUE NORTH TEXAS TOLLWAY AUTHORITY                           | CUSIP: 66285WSE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1484458.38   | 0.13%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH INS ASSMT REV           | LOUISIANA ST LOCAL GOVT ENVRNM LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE | CUSIP: 546275AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1389240.19   | 0.12%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH PORTS REV                                         | SOUTH CAROLINA ST PORTS AUTH P SOUTH CAROLINA PORTS AUTHORITY                     | CUSIP: 837123GV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $540328.64    | 0.05%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                       | JACKSONVILLE FL SPL REVENUE CITY OF JACKSONVILLE FL                               | CUSIP: 469487SZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562483.40   | 0.14%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                          | ILLINOIS ST FIN AUTH REVENUE ILLINOIS FINANCE AUTHORITY                           | CUSIP: 45204E2L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1960415.36   | 0.17%             | 2034-11-01      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV                                   | S E ALABAMA ST GAS SPLY DIST G SOUTHEAST ALABAMA GAS SUPPLY DISTRICT/THE          | CUSIP: 84131TAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6841751.23   | 0.61%             | 2049-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HEALTH & EDL FACS AUTH                                        | MASSACHUSETTS ST HLTH & EDUCTN MASSACHUSETTS HEALTH & EDUCATIONAL FACILITIES AUTH | CUSIP: 57586CZW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1325000.00   | 0.12%             | 2042-07-01      | Floating      | 2.22%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WASH REV                                                          | PORT OF SEATTLE WA REVENUE PORT OF SEATTLE WA                                     | CUSIP: 735389B23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537529.25   | 0.14%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM MICH PUB SCHS                                                       | BIRMINGHAM MI PUBLIC SCHS BIRMINGHAM CITY SCHOOL DISTRICT/MI                      | CUSIP: 091212CH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1085715.25   | 0.10%             | 2025-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV                                 | KENTUCKY ST PUBLIC ENERGY AUTH KENTUCKY PUBLIC ENERGY AUTHORITY                   | CUSIP: 74440DBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.18%             | 2022-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUTH REV                                            | ALLEGHENY CNTY PA HOSP DEV AUT ALLEGHENY COUNTY HOSPITAL DEVELOPMENT AUTHORITY    | CUSIP: 01728A4H6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1332980.13   | 0.12%             | 2023-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                               | MASSACHUSETTS ST COMMONWEALTH OF MASSACHUSETTS                                    | CUSIP: 57582RTE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1288580.48   | 0.11%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS POLLUTION CTL REV                                          | PUBLIC FIN AUTH WI POLL CONTRO PUBLIC FINANCE AUTHORITY                           | CUSIP: 74447HAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000008.50   | 0.09%             | 2046-10-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT HSG & CMNTY AFFAIRS MULTIFAMILY HSG REV                          | TEXAS ST DEPT OF HSG & CMNTY A TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS    | CUSIP: 88275ADX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1791531.94   | 0.16%             | 2040-08-01      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA DEV FIN AUTH REV                                                      | OKLAHOMA ST DEV FIN AUTH OKLAHOMA DEVELOPMENT FINANCE AUTHORITY                   | CUSIP: 6789083U6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3340000 | PA      | $3282198.29   | 0.29%             | 2023-07-06      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                               | NEW JERSEY ST ECON DEV AUTH RE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 645918T86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1597597.50   | 0.14%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE ALA INDL DEV BRD POLLUTN CTL REV                                        | MOBILE AL INDL DEV BRD POLL CO INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF MOBILE | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995399.60    | 0.09%             | 2034-07-15      | Floating      | 2.86%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK REV                                              | PENNSYLVANIA ST TURNPIKE COMMI PENNSYLVANIA TURNPIKE COMMISSION                   | CUSIP: 709224G86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499834.50   | 0.22%             | 2023-12-01      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| BOSTON MASS HSG AUTH CAP PROGRAM REV                                           | BOSTON MA HSG AUTH CAPITAL PRO BOSTON HOUSING AUTHORITY/MA                        | CUSIP: 100868BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $356842.40    | 0.03%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MISS ENVIRONMENTAL IMPT REV                                        | WARREN CNTY MS ENVRNMNTL IMPT COUNTY OF WARREN MS                                 | CUSIP: 935027AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1872782.80   | 0.17%             | 2027-08-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV                                   | S E ALABAMA ST GAS SPLY DIST G SOUTHEAST ALABAMA GAS SUPPLY DISTRICT/THE          | CUSIP: 84131TAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2465353.00   | 0.22%             | 2049-04-01      | Floating      | 3.03%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FLA INDL DEV AUTH SOLID WASTE DISP REV                         | MIAMI-DADE CNTY FL INDL DEV AU MIAMI-DADE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY | CUSIP: 59333GAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479906.80    | 0.04%             | 2048-11-01      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL SETTLEMENT REV                            | RAILSPLITTER IL TOBACCO SETTLE RAILSPLITTER TOBACCO SETTLEMENT AUTHORITY          | CUSIP: 75076PAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1284304.14   | 0.11%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HOSP REV                                                     | DISTRICT OF COLUMBIA HOSP REVE DISTRICT OF COLUMBIA                               | CUSIP: 254764JM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $521405.06    | 0.05%             | 2023-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REV                                                       | PHILADELPHIA PA ARPT REVENUE CITY OF PHILADELPHIA PA AIRPORT REVENUE              | CUSIP: 717817UN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1517520.69   | 0.14%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERNON CALIF ELEC SYS REV                                                      | VERNON CA ELEC SYS REVENUE CITY OF VERNON CA ELECTRIC SYSTEM REVENUE              | CUSIP: 924397EE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1118904.27   | 0.10%             | 2024-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES & USE TAX REV                    | CENTRL PUGET SOUND WA REGL TRA CENTRAL PUGET SOUND REGIONAL TRANSIT AUTHORITY     | CUSIP: 15504RGM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1525005.03   | 0.14%             | 2045-11-01      | Floating      | 2.69%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER EDL FACS AUTH REV                                       | PENNSYLVANIA ST HGR EDUCTNL FA PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORI | CUSIP: 70917S5K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6140000 | PA      | $6216452.82   | 0.55%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INTL ARPTS REVS                                                      | ALASKA ST INTERNATIONAL ARPTSR STATE OF ALASKA INTERNATIONAL AIRPORTS SYSTEM      | CUSIP: 011842UN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2064755.68   | 0.18%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOISE CITY IDAHO ARPT REV                                                      | BOISE CITY ID ARPT REVENUE CITY OF BOISE CITY ID AIRPORT REVENUE                  | CUSIP: 097428EK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $430795.98    | 0.04%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CANASTOTA N Y CENT SCH DIST                                                    | CANASTOTA NY CENTRL SCH DIST CANASTOTA CENTRAL SCHOOL DISTRICT                    | CUSIP: 137249KE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1107507.50   | 0.10%             | 2023-06-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                   | CALIFORNIA ST MUNI FIN AUTH SO CALIFORNIA MUNICIPAL FINANCE AUTHORITY             | CUSIP: 13048RAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6309211.86   | 0.56%             | 2041-07-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| PASSAIC N J                                                                    | PASSAIC NJ CITY OF PASSAIC NJ                                                     | CUSIP: 702775UA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $736935.15    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY ILL SCH DIST NO 87 BERKELEY                                          | COOK CNTY IL SCH DIST #87 BERK COOK COUNTY SCHOOL DISTRICT NO 87 BERKELEY         | CUSIP: 214165LT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521732.60    | 0.05%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HEALTH & EDL BLDG CORP                                         | RHODE ISLAND ST HLTH & EDUCTNL RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP  | CUSIP: 7622435W9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015256.80   | 0.18%             | 2023-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                               | OHIO ST HOSP REVENUE STATE OF OHIO                                                | CUSIP: 67756CDN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999616.90   | 0.27%             | 2052-01-01      | Floating      | 2.78%                 | No            |                  2 | On Loan: No      |
| COLUMBUS CNTY N C INDL FACS & POLLUTN CTL FING AUTH REV                        | COLUMBUS CNTY NC INDL FACS & P COLUMBUS COUNTY INDUSTRIAL FACILITIES & POLLUTION  | CUSIP: 199048AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $931032.50    | 0.08%             | 2034-05-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| SANTA FE N MEX PUB SCH DIST                                                    | SANTA FE NM PUBLIC SCH DIST SANTA FE PUBLIC SCHOOL DISTRICT                       | CUSIP: 802088PT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $612937.50    | 0.05%             | 2024-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG IS PWR AUTH N Y ELEC SYS REV                                              | LONG ISLAND NY PWR AUTH ELEC S LONG ISLAND POWER AUTHORITY                        | CUSIP: 542691CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1294404.84   | 0.12%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDLAND CNTY TEX PUB FAC CORP MULTIFAMILY HSG REV                              | MIDLAND CNTY TX PUBLIC FAC COR MIDLAND COUNTY PUBLIC FACILITY CORP                | CUSIP: 597507AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985163.90    | 0.09%             | 2024-06-01      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| NEWARK N J                                                                     | NEWARK NJ CITY OF NEWARK NJ                                                       | CUSIP: 650367SF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508414.10   | 0.13%             | 2023-09-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWARK OHIO                                                                    | NEWARK OH CITY OF NEWARK OH                                                       | CUSIP: 650451WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006930.70   | 0.09%             | 2023-09-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                   | CALIFORNIA ST MUNI FIN AUTH SO CALIFORNIA MUNICIPAL FINANCE AUTHORITY             | CUSIP: 13048RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1408005.60   | 0.13%             | 2039-02-01      | Floating      | 1.30%                 | Yes           |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY MULTIFAMILY HSG REV                                   | PENNSYLVANIA ST HSG FIN AGY MF PENNSYLVANIA HOUSING FINANCE AGENCY                | CUSIP: 708797AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3903777.20   | 0.35%             | 2025-02-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                           | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116EF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041328.40   | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALINE MICH AREA SCHS                                                          | SALINE MI AREA SCHS SALINE AREA SCHOOLS                                           | CUSIP: 795200KM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1083339.92   | 0.10%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KATY TEX INDPT SCH DIST                                                        | KATY TX INDEP SCH DIST KATY INDEPENDENT SCHOOL DISTRICT                           | CUSIP: 486063J27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974514.40    | 0.09%             | 2050-08-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV                                   | NORTH CAROLINA ST HSG FIN AGY NORTH CAROLINA HOUSING FINANCE AGENCY               | CUSIP: 658207J30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1873568.34   | 0.17%             | 2024-01-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ASSET / LIABILITY COMMN GEN FD REV                                    | KENTUCKY ST ASSET/LIABILITY CO KENTUCKY ASSET LIABILITY COMMISSION                | CUSIP: 491189GC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2481606.25   | 0.22%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX WTR REV                                                        | SAN ANTONIO TX WTR REVENUE SAN ANTONIO WATER SYSTEM                               | CUSIP: 79642GCG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1895805.18   | 0.17%             | 2049-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH REV                                                  | COLORADO ST HLTH FACS AUTH REV COLORADO HEALTH FACILITIES AUTHORITY               | CUSIP: 19648FVZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $366676.24    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LYCOMING CNTY PA AUTH REV                                                      | LYCOMING CNTY PA AUTH REVENUE LYCOMING COUNTY AUTHORITY                           | CUSIP: 550809AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2035-11-01      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| TAYLOR-RYAN IMPT DIST ALA                                                      | TAYLOR-RYAN AL IMPT DIST TAYLOR-RYAN IMPROVEMENT DISTRICT                         | CUSIP: 87726KAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2035-11-01      | Floating      | 2.05%                 | No            |                  2 | On Loan: No      |
| KENMORE-TONAWANDA N Y UN FREE SCH DIST                                         | KENMORE-TONAWANDA NY UNION FRE KENMORE-TONAWANDA UNION FREE SCHOOL DISTRICT       | CUSIP: 489152KY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3855000 | PA      | $3876914.52   | 0.35%             | 2023-06-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IRVING TEX HOSP AUTH HOSP REV                                                  | IRVING TX HOSP AUTH IRVING HOSPITAL AUTHORITY                                     | CUSIP: 463794KJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1275000.00   | 0.11%             | 2044-10-15      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| COLUMBIA ALA INDL DEV BRD POLLUTN CTL REV                                      | COLUMBIA AL INDL DEV BRD POLLC COLUMBIA INDUSTRIAL DEVELOPMENT BOARD              | CUSIP: 197210AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.36%             | 2037-12-01      | Floating      | 1.10%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG & ECONOMIC DEV AUTH HOME OWNERSHIP REV                           | WISCONSIN ST HSG & ECON DEV AU WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY | CUSIP: 97689QNP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1602663.27   | 0.14%             | 2025-03-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SOLID WASTE DISP REV                                       | PUBLIC FIN AUTH WI SOL WST DIS PUBLIC FINANCE AUTHORITY                           | CUSIP: 74445MAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2668828.50   | 0.24%             | 2033-04-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| PMA LEVY & AID ANTIC NTS PROGRAM WIS                                           | PMA LEVY & AID ANTIC NTS PROGR PMA LEVY & AID ANTICIPATION NOTES PROGRAM          | CUSIP: 730146CS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005070.10   | 0.09%             | 2023-04-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DDP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951198.70    | 0.08%             | 2052-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| YONKERS N Y                                                                    | YONKERS NY CITY OF YONKERS NY                                                     | CUSIP: 986082L94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017807.60   | 0.09%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER ALA GAS DIST GAS PROJ REV                                                | LOWER AL GAS DIST GAS PROJ REV LOWER ALABAMA GAS DISTRICT/THE                     | CUSIP: 547804AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $729521.41    | 0.07%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY REV                                                    | NEW YORK ST HSG FIN AGY NEW YORK STATE HOUSING FINANCE AGENCY                     | CUSIP: 64987D3E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3890000 | PA      | $3676281.46   | 0.33%             | 2024-11-01      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| KANE COOK & DU PAGE CNTYS ILL CMNTY COLLEGE DIST NO 509                        | KANE COOK & DU PAGE CNTYS IL C KANE COOK & DUPAGE ETC COUNTIES COMMUNITY COLLEGE  | CUSIP: 483854JA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200115.04    | 0.02%             | 2022-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR OHIO INC REV                                                  | AMERICAN MUNI PWR-OHIO INC OH AMERICAN MUNICIPAL POWER INC                        | CUSIP: 02765UQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1404333.91   | 0.13%             | 2048-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HOTEL OCCUPANCY TAX REV                                             | DALLAS TX HOTEL OCCUPANCY TAX CITY OF DALLAS TX HOTEL OCCUPANCY TAX REVENUE       | CUSIP: 235286AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $522163.69    | 0.05%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH REV                                                     | KANSAS ST DEV FIN AUTH REVENUE KANSAS DEVELOPMENT FINANCE AUTHORITY               | CUSIP: 48542RAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1275814.03   | 0.11%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                  | WAYNE CNTY MI ARPT AUTH REVENU WAYNE COUNTY AIRPORT AUTHORITY                     | CUSIP: 944514TD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1982523.27   | 0.18%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                       | MINNESOTA ST HSG FIN AGY MINNESOTA HOUSING FINANCE AGENCY                         | CUSIP: 60416TEP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1061404.06   | 0.09%             | 2026-07-01      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| DESCHUTES & JEFFERSON CNTYS ORE SCH DIST NO 02J REDMOND                        | DESCHUTES & JEFFERSON CNTYS OR DESCHUTES & JEFFERSON COUNTIES SCHOOL DISTRICT NO  | CUSIP: 250343GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $449260.83    | 0.04%             | 2024-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COLLEGE PK GA BUSINESS & INDL DEV AUTH MULTIFAMILY HSG REV                     | CLG PARK GA BUSINESS & INDL DE COLLEGE PARK BUSINESS & INDUSTRIAL DEVELOPMENT AUT | CUSIP: 194305AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2055530.99   | 0.18%             | 2025-07-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                               | MASSACHUSETTS ST DEV FIN AGY R MASSACHUSETTS DEVELOPMENT FINANCE AGENCY           | CUSIP: 57583UY51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2311301.96   | 0.21%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANDUSKY OHIO                                                                  | SANDUSKY OH CITY OF SANDUSKY OH                                                   | CUSIP: 800188P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008987.20   | 0.09%             | 2023-09-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA DEV FIN AUTH HEALTH SYS REV                                           | OKLAHOMA ST DEV FIN AUTH HLTHS OKLAHOMA DEVELOPMENT FINANCE AUTHORITY             | CUSIP: 67884XCT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2110000.00   | 0.19%             | 2031-08-15      | Floating      | 2.37%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV                           | NEW YORK CITY NY MUNI WTR FIN NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY     | CUSIP: 64972GZW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2033-06-15      | Floating      | 1.96%                 | No            |                  2 | On Loan: No      |
| CENTRAL TEX REGL MOBILITY AUTH REV                                             | CENTRL TX REGL MOBILITY AUTH R CENTRAL TEXAS REGIONAL MOBILITY AUTHORITY          | CUSIP: 155498KR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537738.80   | 0.14%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX HEALTH FACS DEV CORP REV                                       | HARRIS CNTY TX HLTH FACS DEV C HARRIS COUNTY HEALTH FACILITIES DEVELOPMENT CORP   | CUSIP: 41315RFV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.12%             | 2031-07-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| NEWARK N J                                                                     | NEWARK NJ CITY OF NEWARK NJ                                                       | CUSIP: 650367PL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555661.25   | 0.14%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                         | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1484697.75   | 0.13%             | 2048-08-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF                                                              | LOS ANGELES CA CITY OF LOS ANGELES CA                                             | CUSIP: 544351QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009091.10   | 0.09%             | 2023-06-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST GAS & FUELS TAX REV                                               | LOUISIANA ST GAS & FUELS TAX R STATE OF LOUISIANA GASOLINE & FUELS TAX REVENUE    | CUSIP: 546475UU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4640000 | PA      | $4579042.00   | 0.41%             | 2043-05-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY COLO ENTERPRISE SYS REV                                             | UNIV OF COLORADO CO ENTERPRISE UNIVERSITY OF COLORADO                             | CUSIP: 91417K4W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3855000 | PA      | $3772785.57   | 0.34%             | 2054-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                       | MINNESOTA ST HSG FIN AGY MINNESOTA HOUSING FINANCE AGENCY                         | CUSIP: 60416TEQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $522758.15    | 0.05%             | 2027-01-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELEC AUTH GA                                                         | MUNI ELEC AUTH OF GEORGIA MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                 | CUSIP: 6262074L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001645.30   | 0.09%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN AGY MULTI-FAMILY HSG REV                             | DIST OF COLUMBIA HSG FIN AGY M DISTRICT OF COLUMBIA HOUSING FINANCE AGENCY        | CUSIP: 25477PPP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7160000 | PA      | $6896451.14   | 0.61%             | 2041-09-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| LONG IS PWR AUTH N Y ELEC SYS REV                                              | LONG ISLAND NY PWR AUTH ELEC S LONG ISLAND POWER AUTHORITY                        | CUSIP: 542691GG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249998.15    | 0.02%             | 2033-05-01      | Floating      | 3.43%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                          | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES     | CUSIP: 88034YTZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.02%             | 2051-05-15      | Floating      | 2.25%                 | Yes           |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV                                        | WISCONSIN ST HLTH & EDUCTNL FA WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT | CUSIP: 97712JES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2053-02-15      | Floating      | 2.47%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRAL PA GEN AUTH REV                                                   | SOUTHCENTRL PA GEN AUTH REVENU GENERAL AUTHORITY OF SOUTHCENTRAL PENNSYLVANIA     | CUSIP: 84129NMT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136257.55    | 0.01%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                 | CONNECTICUT ST STATE OF CONNECTICUT                                               | CUSIP: 20772JMA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2176882.73   | 0.19%             | 2024-03-01      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |
| ALLEN CNTY OHIO HOSP FACS REV                                                  | ALLEN CNTY OH HOSP FACS REVENU COUNTY OF ALLEN OH HOSPITAL FACILITIES REVENUE     | CUSIP: 01757LGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3788818.60   | 0.34%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH HEALTH SVCS FAC LEASE REV                                    | ILLINOIS ST FIN AUTH HEALTH SV ILLINOIS FINANCE AUTHORITY                         | CUSIP: 452031AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253852.50    | 0.02%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                           | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $932011.83    | 0.08%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                            | INDIANAPOLIS IN LOCAL PUBLIC I INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK    | CUSIP: 45528UR52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1415976.66   | 0.13%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOLIET ILL WTRWKS & SEW REV                                                    | JOLIET IL WTRWKS & SEWAGE REVE CITY OF JOLIET IL WATERWORKS & SEWERAGE REVENUE    | CUSIP: 479790KG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015841.30   | 0.09%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                    | ILLINOIS ST STATE OF ILLINOIS                                                     | CUSIP: 452152Z53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006949.30   | 0.09%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV                                      | TENNESSEE ST ENERGY ACQUISITIO TENNESSEE ENERGY ACQUISITION CORP                  | CUSIP: 880443HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $786157.17    | 0.07%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA HSG FIN AUTH MULTIFAMILY HSG REV                           | MIAMI-DADE CNTY FL HSG FIN AUT MIAMI-DADE COUNTY HOUSING FINANCE AUTHORITY        | CUSIP: 593344BC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2023-12-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                               | MASSACHUSETTS ST DEV FIN AGY R MASSACHUSETTS DEVELOPMENT FINANCE AGENCY           | CUSIP: 57584YPR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $733084.91    | 0.07%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST OFFSHORE TERM AUTH DEEPWTR PORT REV                               | LOUISIANA ST OFFSHORE TERMINAL LOUISIANA OFFSHORE TERMINAL AUTHORITY              | CUSIP: 546510FP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1236211.27   | 0.11%             | 2027-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| NORTH TEX MUN WTR DIST TEX REGL WASTEWTR REV IAM COML PAPER 3/A2 EXTENDABLE    | NORTH TX MUNI WATER DIST3.400000 2022-12-15 3.40% 12/15/2022                      | CUSIP: 66283UAH5<br>LEI: N/A                  | Long             | ABS-APCP         |  | US        |   5000000 | PA      | $5001422.50   | 0.45%             | 2022-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX                           | TRIBOROUGH NY BRIDGE & TUNNEL TRIBOROUGH BRIDGE & TUNNEL AUTHORITY                | CUSIP: 89602HAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3181458.00   | 0.28%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY ILL CMNTY HIGH SCH DIST NO 233 HOMEWOOD& FLOSSMOR                    | COOK CNTY IL CMNTY HIGH SCH DI COOK COUNTY COMMUNITY HIGH SCHOOL DISTRICT NO 233  | CUSIP: 216003JE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1558698.53   | 0.14%             | 2023-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SELMA ALA INDL DEV BRD REV                                                     | SELMA AL INDL DEV BRD REVENUE SELMA INDUSTRIAL DEVELOPMENT BOARD                  | CUSIP: 81647PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $4887920.63   | 0.44%             | 2034-05-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| LONG IS PWR AUTH N Y ELEC SYS REV                                              | LONG ISLAND NY PWR AUTH ELEC S LONG ISLAND POWER AUTHORITY                        | CUSIP: 542691CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2945000 | PA      | $2843789.19   | 0.25%             | 2049-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                                            | PORT AUTH OF NEW YORK & NEW JE PORT AUTHORITY OF NEW YORK & NEW JERSEY            | CUSIP: 73358XBW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2089477.00   | 0.19%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD REV                                                         | MONTGOMERY CNTY MD REVENUE COUNTY OF MONTGOMERY MD                                | CUSIP: 61336PES6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.18%             | 2041-12-01      | Floating      | 2.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT                               | NEW YORK ST DORM AUTH REVENUES NEW YORK STATE DORMITORY AUTHORITY                 | CUSIP: 64990BFV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1063456.87   | 0.09%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV                       | PENNSYLVANIA ST ECON DEV FING PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHOR  | CUSIP: 708692BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750344.58   | 0.16%             | 2044-06-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX HSG TR FIN CORP MULTIFAMILY HSG REV                            | SAN ANTONIO TX HSG TRUST FIN C SAN ANTONIO HOUSING TRUST FINANCE CORP             | CUSIP: 79626PAN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1152353.99   | 0.10%             | 2024-05-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| COOK ILL HIGH SCH DIST NO 207 MAINE TWP                                        | COOK CNTY IL HIGH SCH DIST #20 MAINE TOWNSHIP HIGH SCHOOL DISTRICT NO 207         | CUSIP: 215543LV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2022-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                                                   | WISCONSIN ST STATE OF WISCONSIN                                                   | CUSIP: 97705MWY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6683942.20   | 0.60%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FIN CORP GULF OPPORTUNITY ZONE REV                        | MISSISSIPPI ST BUSINESS FIN CO MISSISSIPPI BUSINESS FINANCE CORP                  | CUSIP: 60528BAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5175000 | PA      | $5188566.78   | 0.46%             | 2037-05-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| RURAL WTR FING AGY KY PUB PROJS REV                                            | RURAL WTR FING AGY KY PUBLIC P RURAL WATER FINANCING AGENCY                       | CUSIP: 781741AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2108741.21   | 0.19%             | 2023-05-01      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEPT TRANSN HWY REV                                                  | KANSAS ST DEPT OF TRANSPRTN HI STATE OF KANSAS DEPARTMENT OF TRANSPORTATION       | CUSIP: 485424RT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7525000 | PA      | $7529429.97   | 0.67%             | 2023-09-01      | Floating      | 3.04%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH POLLUTN CTL REV                                        | BARTOW CNTY GA DEV AUTH BARTOW COUNTY DEVELOPMENT AUTHORITY                       | CUSIP: 069643BM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1742661.54   | 0.16%             | 2043-08-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                    | ILLINOIS ST STATE OF ILLINOIS                                                     | CUSIP: 452153CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004216.60   | 0.09%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GILLIAM CNTY ORE SOLID WASTE DISP REV                                          | GILLIAM CNTY OR SOL WST DISP R COUNTY OF GILLIAM OR                               | CUSIP: 37580TAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4393874.32   | 0.39%             | 2025-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PORT ARTHUR TEX                                                                | PORT ARTHUR TX CITY OF PORT ARTHUR TX                                             | CUSIP: 733488R77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212813.04    | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARMAN-AINSWORTH CMNTY SCH DIST MICH                                           | CARMAN-AINSWORTH MI CMNTY SCHD CARMAN-AINSWORTH COMMUNITY SCHOOLS                 | CUSIP: 143118EC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1231914.88   | 0.11%             | 2023-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX WTR REV                                                        | SAN ANTONIO TX WTR REVENUE SAN ANTONIO WATER SYSTEM                               | CUSIP: 79642GPQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6818742.08   | 0.61%             | 2044-05-01      | Floating      | 3.03%                 | No            |                  2 | On Loan: No      |
| HOUSING SYNERGY PFC TEX MULTIFAMILY HSG REV                                    | HSG SYNERGY PFC TX MF HSG REVE HOUSING SYNERGY PFC                                | CUSIP: 44184QAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1753000 | PA      | $1753089.40   | 0.16%             | 2025-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV                     | TEXAS ST MUNI GAS ACQUISITION& TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP III  | CUSIP: 88256HAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505987.05    | 0.05%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST OFFSHORE TERM AUTH DEEPWTR PORT REV                               | LOUISIANA ST OFFSHORE TERMINAL LOUISIANA OFFSHORE TERMINAL AUTHORITY              | CUSIP: 546510FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2029159.53   | 0.18%             | 2034-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                               | NEW JERSEY ST ECON DEV AUTH RE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 64577BD84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14780000 | PA      | $15324032.59  | 1.37%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PMA LEVY & AID ANTIC NTS PROGRAM WIS                                           | PMA LEVY & AID ANTIC NTS PROGR PMA LEVY & AID ANTICIPATION NOTES PROGRAM          | CUSIP: 730146CR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003522.10   | 0.09%             | 2023-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                 | CONNECTICUT ST STATE OF CONNECTICUT                                               | CUSIP: 20772KLL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $587862.41    | 0.05%             | 2024-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y REV                                               | MET TRANSPRTN AUTH NY REVENUE METROPOLITAN TRANSPORTATION AUTHORITY               | CUSIP: 59261AB22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7200000.00   | 0.64%             | 2032-11-01      | Floating      | 0.98%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ELEC & GAS REV                                                 | SAN ANTONIO TX ELEC & GAS REVE CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVE | CUSIP: 79625GFV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499998.25   | 0.22%             | 2048-02-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                  | WASHINGTON ST STATE OF WASHINGTON                                                 | CUSIP: 93974C8D5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1536372.26   | 0.14%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH REV                                                  | COLORADO ST HLTH FACS AUTH REV COLORADO HEALTH FACILITIES AUTHORITY               | CUSIP: 19648FJH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1178447.05   | 0.11%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRVIEW PARK OHIO CITY SCH DIST                                               | FAIRVIEW PARK OH CITY SCH DIST FAIRVIEW PARK CITY SCHOOL DISTRICT                 | CUSIP: 305855HV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $515000.00    | 0.05%             | 2022-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST ENVIRONMENTAL IMPT & ENERGY RES AUTH ENV IMPT REV                  | MISSOURI ST ENVRNMNTL IMPT & E MISSOURI STATE ENVIRONMENTAL IMPROVEMENT & ENERGY  | CUSIP: 606907BJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9650000 | PA      | $9571536.82   | 0.85%             | 2038-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TENN GAS REV                                                     | TENNERGY CORP TN GAS REVENUE TENNERGY CORP/TN                                     | CUSIP: 880397CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $781124.63    | 0.07%             | 2027-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLAYTON TOWN WIS                                                               | CLAYTON TOWN WIS TOWN OF CLAYTON WI                                               | CUSIP: 184423BY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1080607.37   | 0.10%             | 2026-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY ARPT REV                                               | DENVER CITY & CNTY CO ARPT REV CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE  | CUSIP: 249182ST4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098769.40   | 0.19%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                  | WAYNE CNTY MI ARPT AUTH REVENU WAYNE COUNTY AIRPORT AUTHORITY                     | CUSIP: 944514MN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2022-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBLIG                                                   | MISSISSIPPI DEV BK SPL OBLIG MISSISSIPPI DEVELOPMENT BANK                         | CUSIP: 60534XBU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $868884.26    | 0.08%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP REV                                              | MONROE CNTY NY INDL DEV CORP R MONROE COUNTY INDUSTRIAL DEVELOPMENT CORP/NY       | CUSIP: 61075TVX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $566011.44    | 0.05%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TEX INTL ARPT REV                                            | DALLAS-FORT WORTH TX INTERNATI DALLAS FORT WORTH INTERNATIONAL AIRPORT            | CUSIP: 23503CAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1559475.00   | 0.14%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWARK N J BRD ED                                                              | NEWARK NJ BRD OF EDU NEWARK BOARD OF EDUCATION                                    | CUSIP: 650370DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $619648.92    | 0.06%             | 2024-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TEX INTL ARPT REV                                            | DALLAS-FORT WORTH TX INTERNATI DALLAS FORT WORTH INTERNATIONAL AIRPORT            | CUSIP: 2350364Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039650.00   | 0.09%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HSG FIN AGY MULTIFAMILY HSG REV                                           | OHIO ST HSG FIN AGY MF HSG REV OHIO HOUSING FINANCE AGENCY                        | CUSIP: 676900VW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2865000 | PA      | $2847461.90   | 0.25%             | 2025-07-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HIGHER ED SUPPLEMENTAL LN AUTH REV                              | CONNECTICUT ST HGR EDU SUPPLEM CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN | CUSIP: 207743TE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510545.25    | 0.05%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER ALA GAS DIST GAS PROJ REV                                                | LOWER AL GAS DIST GAS PROJ REV LOWER ALABAMA GAS DISTRICT/THE                     | CUSIP: 547804AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9965165.00   | 0.89%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK REV                                              | PENNSYLVANIA ST TURNPIKE COMMI PENNSYLVANIA TURNPIKE COMMISSION                   | CUSIP: 709225BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1575098.34   | 0.14%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                               | OHIO ST HOSP REVENUE STATE OF OHIO                                                | CUSIP: 67756CFG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.13%             | 2049-01-15      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CTL FING AUTH WTR FACS REV                                | CALIFORNIA ST POLL CONTROL FIN CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY   | CUSIP: 13055JAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1985350.30   | 0.18%             | 2040-08-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| City of New York                                                               | NEW YORK NY CITY OF NEW YORK NY                                                   | CUSIP: 64966QWL0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.13%             | 2042-04-01      | Floating      | 2.10%                 | No            |                  2 | On Loan: No      |
| LORAIN CNTY OHIO                                                               | LORAIN CNTY OH COUNTY OF LORAIN OH                                                | CUSIP: 543553WP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1452630.10   | 0.13%             | 2023-05-03      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CATHEDRAL CITY CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION                    | CATHEDRAL CITY CA REDEV AGY SU CATHEDRAL CITY REDEVELOPMENT AGENCY SUCCESSOR AGEN | CUSIP: 14916YCH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100705.30    | 0.01%             | 2023-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV                       | TEXAS ST MUNI GAS ACQUISITION TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORP I   | CUSIP: 88256CAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1377988.59   | 0.12%             | 2026-12-15      | Floating      | 2.91%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                       | JACKSONVILLE FL SPL REVENUE CITY OF JACKSONVILLE FL                               | CUSIP: 469487TB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1352070.00   | 0.12%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                       | MINNESOTA ST HSG FIN AGY MINNESOTA HOUSING FINANCE AGENCY                         | CUSIP: 60416TEL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $540354.53    | 0.05%             | 2025-01-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH REV                                           | MARICOPA CNTY AZ INDL DEV AUTH MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY   | CUSIP: 56682HCS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3765000 | PA      | $3748511.18   | 0.33%             | 2035-01-01      | Floating      | 2.47%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TEX INTL ARPT REV                                            | DALLAS-FORT WORTH TX INTERNATI DALLAS FORT WORTH INTERNATIONAL AIRPORT            | CUSIP: 2350365C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1911170.63   | 0.17%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOISE CITY IDAHO ARPT REV                                                      | BOISE CITY ID ARPT REVENUE CITY OF BOISE CITY ID AIRPORT REVENUE                  | CUSIP: 097428EJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $415552.88    | 0.04%             | 2025-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV                                | CALIFORNIA ST 08/01/2047                                                          | CUSIP: 13034AQ60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2462887.25   | 0.22%             | 2047-08-01      | Floating      | 2.59%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                    | ILLINOIS ST STATE OF ILLINOIS                                                     | CUSIP: 452152SQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $424006.34    | 0.04%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                                                   | WISCONSIN ST STATE OF WISCONSIN                                                   | CUSIP: 97705MWZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8425000 | PA      | $9227637.96   | 0.82%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR OHIO INC REV                                                  | AMERICAN MUNI PWR-OHIO INC OH AMERICAN MUNICIPAL POWER INC                        | CUSIP: 02765UPP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1005568.79   | 0.09%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                                        | COLORADO ST HSG & FIN AUTH COLORADO HOUSING AND FINANCE AUTHORITY                 | CUSIP: 196480GL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4458023.64   | 0.40%             | 2023-04-01      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL                                                                    | CHICAGO IL CITY OF CHICAGO IL                                                     | CUSIP: 167486UD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013303.20   | 0.09%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                               | NEW JERSEY ST ECON DEV AUTH RE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 64577B6A7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3734671.50   | 0.33%             | 2026-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                        | CALIFORNIA CMNTY CHOICE FING A CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY    | CUSIP: 13013JAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $539486.94    | 0.05%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMHERST N Y INDL DEV AGY MULTIFAMILY HSG REV                                   | AMHERST NY INDL DEV AGY MF HSG AMHERST INDUSTRIAL DEVELOPMENT AGENCY              | CUSIP: 031370AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3535000 | PA      | $3568872.37   | 0.32%             | 2026-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| PEORIA ILL                                                                     | PEORIA IL CITY OF PEORIA IL                                                       | CUSIP: 713178DR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750761.18    | 0.07%             | 2023-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV                       | PENNSYLVANIA ST ECON DEV FING PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHOR  | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481214.35    | 0.04%             | 2041-06-01      | Floating      | 2.78%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                 | CONNECTICUT ST STATE OF CONNECTICUT                                               | CUSIP: 20772KRP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2344368.60   | 0.21%             | 2024-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                       | JACKSONVILLE FL SPL REVENUE CITY OF JACKSONVILLE FL                               | CUSIP: 469487SY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $637478.19    | 0.06%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SOLID WASTE DISP REV                                       | PUBLIC FIN AUTH WI SOL WST DIS PUBLIC FINANCE AUTHORITY                           | CUSIP: 74445MAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10550000 | PA      | $9385475.18   | 0.84%             | 2029-07-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV                                  | MET WASHINGTON DC ARPTS AUTH A METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATIO | CUSIP: 592647HC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5225000 | PA      | $5303362.46   | 0.47%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH WTR FACS REV                                      | NEW JERSEY ST ECON DEV AUTH WT NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 645780FQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988769.00    | 0.09%             | 2023-06-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                          | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES     | CUSIP: 88034YAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2061-07-01      | Floating      | 2.49%                 | Yes           |                  2 | On Loan: No      |
| PROSPER TEX INDPT SCH DIST                                                     | PROSPER TX INDEP SCH DIST PROSPER INDEPENDENT SCHOOL DISTRICT                     | CUSIP: 743600Z68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3032692.72   | 0.27%             | 2053-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EAST DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV                        | EAST DOWNTOWN TX REDEV AUTH EAST DOWNTOWN REDEVELOPMENT AUTHORITY                 | CUSIP: 272066AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $395926.21    | 0.04%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL SOUTHWEST MO CMNTY COLLEGE DIST CTFS PARTN                             | CENTRAL SOUTHWEST MO CMNTY CLG COMMUNITY COLLEGE DISTRICT OF CENTRAL SOUTHWEST MI | CUSIP: 155176AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $220862.21    | 0.02%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV                      | TEXAS ST MUNI GAS ACQUISITION TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORP II  | CUSIP: 88255QBH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3060000 | PA      | $2917830.87   | 0.26%             | 2027-09-15      | Floating      | 2.86%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL                                                                    | CHICAGO IL CITY OF CHICAGO IL                                                     | CUSIP: 167486WW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1764736.93   | 0.16%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GENEVA ILL                                                                     | GENEVA IL CITY OF GENEVA IL                                                       | CUSIP: 372064LY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $412423.20    | 0.04%             | 2026-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                       | MINNESOTA ST HSG FIN AGY MINNESOTA HOUSING FINANCE AGENCY                         | CUSIP: 60416TEM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1072172.05   | 0.10%             | 2025-07-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSN DIST COLO PRIVATE ACTIVITY REV                                 | REGL CO TRANSPRTN DIST PRIV AC REGIONAL TRANSPORTATION DISTRICT                   | CUSIP: 759151AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $357162.72    | 0.03%             | 2024-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH REV                                           | MINNESOTA ST HGR EDU FACS AUTH MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY    | CUSIP: 60416JER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $352300.67    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                               | MASSACHUSETTS ST DEV FIN AGY R MASSACHUSETTS DEVELOPMENT FINANCE AGENCY           | CUSIP: 57584YW62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1033633.47   | 0.09%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                           | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037202.70   | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA CNTY N Y INDL DEV AGY MULTIFAMILY HSG REV                             | ONONDAGA CNTY NY INDL DEV AGY ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY       | CUSIP: 682752AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5950000 | PA      | $5983131.39   | 0.53%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OYSTER BAY N Y                                                                 | OYSTER BAY NY TOWN OF OYSTER BAY NY                                               | CUSIP: 692160TY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4007093.20   | 0.36%             | 2023-03-09      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MIDLOTHIAN TEX INDPT SCH DIST                                                  | MIDLOTHIAN TX INDEP SCH DIST MIDLOTHIAN INDEPENDENT SCHOOL DISTRICT               | CUSIP: 5978515A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1954255.40   | 0.17%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV                             | NEW YORK CITY NY HSG DEV CORP NEW YORK CITY HOUSING DEVELOPMENT CORP              | CUSIP: 64972EFJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $438229.44    | 0.04%             | 2058-11-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| NORTH TEX TWY AUTH REV                                                         | N TX TOLLWAY AUTH REVENUE NORTH TEXAS TOLLWAY AUTHORITY                           | CUSIP: 66285WL95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003948.20   | 0.18%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH HUNTINGTON N Y UN FREE SCH DIST                                          | SOUTH HUNTINGTON NY UNION FREE SOUTH HUNTINGTON UNION FREE SCHOOL DISTRICT        | CUSIP: 838418VA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2358865.05   | 0.21%             | 2023-06-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                                                    | MARYLAND ST STATE OF MARYLAND                                                     | CUSIP: 574193RN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3186830.10   | 0.28%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV                                      | CONNECTICUT ST HLTH & EDUCTNL CONNECTICUT STATE HEALTH & EDUCATIONAL FACILITIES   | CUSIP: 20775DJY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $552047.98    | 0.05%             | 2023-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WASH REV                                                          | PORT OF SEATTLE WA REVENUE PORT OF SEATTLE WA                                     | CUSIP: 735389T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1587055.80   | 0.14%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR OHIO INC REV                                                  | AMERICAN MUNI PWR-OHIO INC OH AMERICAN MUNICIPAL POWER INC                        | CUSIP: 02765UPY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004700.80   | 0.09%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT WAYNE IND REDEV AUTH LEASE RENT REV                                       | FORT WAYNE IN REDEV AUTH LEASE FORT WAYNE REDEVELOPMENT AUTHORITY                 | CUSIP: 349288HL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512955.10    | 0.05%             | 2025-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH INS ASSMT REV           | LOUISIANA ST LOCAL GOVT ENVRNM LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE | CUSIP: 546275AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083438.20   | 0.10%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                           | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1231906.36   | 0.11%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YONKERS N Y                                                                    | YONKERS NY CITY OF YONKERS NY                                                     | CUSIP: 986082N50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530391.00    | 0.05%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                   | CONNECTICUT ST HSG FIN AUTH HS CONNECTICUT HOUSING FINANCE AUTHORITY              | CUSIP: 20775HDZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472699.95    | 0.04%             | 2024-11-15      | Fixed         | 0.30%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV                                    | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENERGY GAS DISTRICT                      | CUSIP: 09182TAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1764042.84   | 0.16%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                    | ILLINOIS ST STATE OF ILLINOIS                                                     | CUSIP: 452152P88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $261710.78    | 0.02%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDL FING AUTH ED LN REV                                          | MASSACHUSETTS ST EDUCTNL FING MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY       | CUSIP: 57563RRG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $590891.45    | 0.05%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH SYS REV                                                | INDIANA ST FIN AUTH HLTH SYS R INDIANA FINANCE AUTHORITY                          | CUSIP: 45470YEX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7150000 | PA      | $7002824.40   | 0.62%             | 2058-12-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX ARPT SYS REV                                                       | HOUSTON TX ARPT SYS REVENUE CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE             | CUSIP: 442349CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520202.45   | 0.14%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                          | ILLINOIS ST FIN AUTH REVENUE ILLINOIS FINANCE AUTHORITY                           | CUSIP: 45204FCC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $607055.70    | 0.05%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV                                 | NORTH CAROLINA ST TURNPIKE AUT NORTH CAROLINA TURNPIKE AUTHORITY                  | CUSIP: 65830RCW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18625000 | PA      | $19063546.11  | 1.70%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV                               | MARYLAND ST CMNTY DEV ADMIN DE MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION      | CUSIP: 57419TVY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3873772.80   | 0.35%             | 2024-01-01      | Fixed         | 1.33%                 | Yes           |                  2 | On Loan: No      |
| SALEM-KEIZER ORE SCH DIST NO 24J                                               | SALEM-KEIZER OR SCH DIST #24J SALEM-KEIZER SCHOOL DISTRICT NO 24J                 | CUSIP: 794173FR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1536462.94   | 0.14%             | 2025-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL SPL ASSMT                                                          | CHICAGO IL SPL ASSMNT CITY OF CHICAGO IL SPECIAL ASSESSMENT REVENUE               | CUSIP: 167686AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $273079.80    | 0.02%             | 2023-12-01      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| DALLAS FORT WORTH TEX INTL ARPT REV                                            | DALLAS-FORT WORTH TX INTERNATI DALLAS FORT WORTH INTERNATIONAL AIRPORT            | CUSIP: 2350365B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1348284.13   | 0.12%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                          | TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES     | CUSIP: 88034YDF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.03%             | 2051-10-15      | Floating      | 2.43%                 | Yes           |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH REV                                               | OHIO ST AIR QUALITY DEV AUTH OHIO AIR QUALITY DEVELOPMENT AUTHORITY               | CUSIP: 677525WV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1492243.05   | 0.13%             | 2039-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV                                    | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENERGY GAS DISTRICT                      | CUSIP: 09182TAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001409.00   | 0.18%             | 2023-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                               | OHIO ST HOSP REVENUE STATE OF OHIO                                                | CUSIP: 67756CDC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1297686.08   | 0.12%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FLA EDL FACS AUTH REV                                          | PALM BEACH CNTY FL EDUCTNL FAC PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY | CUSIP: 696506AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $226128.85    | 0.02%             | 2024-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                               | NEW JERSEY ST ECON DEV AUTH RE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 645918W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1053176.78   | 0.09%             | 2025-09-01      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP ILL                                              | SALES TAX SECURITIZATION CORP SALES TAX SECURITIZATION CORP                       | CUSIP: 79467BCQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037756.20   | 0.09%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH POLLUTION CTL REV                          | PENNSYLVANIA ST ECON DEV FINGA PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHOR | CUSIP: 70869MAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1650800.81   | 0.15%             | 2023-10-01      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| HALE CENTER TEX ED FACS CORP REV                                               | HALE CENTER TX EDU FACS CORP R HALE CENTER EDUCATION FACILITIES CORP              | CUSIP: 405423BH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $456865.09    | 0.04%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                      | ILLINOIS ST HSG DEV AUTH MF HS ILLINOIS HOUSING DEVELOPMENT AUTHORITY             | CUSIP: 45203LBT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000940.50   | 0.09%             | 2050-05-15      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-11-30

**Name of Applicant:** SEI TAX EXEMPT TRUST

**Signature:** Ankit Puri

**Name of Signer:** Ankit Puri

**Title:** CFO