# EDGAR Filing Document

**Accession Number:** 0001888997
**File Stem:** 0002048251-26-001826
**Filing Date:** 2026-3
**Character Count:** 127484
**Document Hash:** 0b1345e55c9e69a44fdb68c513f07454
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-001826.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0002048251-26-001826

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEI Exchange Traded Funds
- **CENTRAL INDEX KEY:** 0001888997

**ORGANIZATION NAME:**
- **EIN:** 876679400
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23754
- **FILM NUMBER:** 26704549

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** 610-676-1000

**MAIL ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

## Series and Classes Contracts Data

### SEI Enhanced Low Volatility U.S. Large Cap ETF (Series ID: S000075036)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000233738 | SEI Enhanced Low Volatility U.S. Large Cap ETF | SELV            |

## Nport-Ex

**SCHEDULE OF INVESTMENTS (Unaudited)**

Decmber 31, 2025

**SEI DBi Multi-Strategy Alternative ETF**

A list of the open futures contracts held by the Fund at December 31, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type of Contract** | **Number of<br> Contracts** | **Expiration<br> Date** | **Notional Amount<br> (Thousands)** | **Value<br> (Thousands)** | **Unrealized Appreciation<br> (Depreciation)(Thousands)** |
| Long Contracts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;3 Month SOFR | 449 | Sep-2027 | $108695 | $108719 | $24 |
| &nbsp;&nbsp;&nbsp;CAD Currency | 11 | Mar-2026 | 806 | 804 | (2) |
| &nbsp;&nbsp;&nbsp;Euro FX | 457 | Mar-2026 | 67071 | 67293 | 222 |
| &nbsp;&nbsp;&nbsp;MSCI EAFE Index | 365 | Mar-2026 | 52796 | 52963 | 167 |
| &nbsp;&nbsp;&nbsp;MSCI Emerging Markets Index | 201 | Mar-2026 | 14074 | 14184 | 110 |
| &nbsp;&nbsp;&nbsp;NASDAQ 100 Index E-MINI | 18 | Mar-2026 | 9380 | 9165 | (215) |
| &nbsp;&nbsp;&nbsp;Russell 2000 Index E-MINI | 36 | Mar-2026 | 4652 | 4497 | (155) |
| &nbsp;&nbsp;&nbsp;S&P 500 Index E-MINI | 11 | Mar-2026 | 3820 | 3791 | (29) |
| &nbsp;&nbsp;&nbsp;S&P Mid Cap 400 Index E-MINI | 12 | Mar-2026 | 4068 | 3990 | (78) |
| &nbsp;&nbsp;&nbsp;U.S. 10-Year Treasury Note | 157 | Mar-2026 | 17769 | 17653 | (116) |
| &nbsp;&nbsp;&nbsp;U.S. Dollar Index | 170 | Mar-2026 | 16805 | 16668 | (137) |
|  |  |  | 299936 | 299727 | (209) |
| Short Contracts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;AUD Currency | (7) | Mar-2026 | $(466) | $(467) | $(1) |
| &nbsp;&nbsp;&nbsp;Japanese Yen | (785) | Mar-2026 | (63433) | (62981) | 452 |
| &nbsp;&nbsp;&nbsp;U.S. Long Treasury Bond | (232) | Mar-2026 | (26705) | (26818) | (113) |
|  |  |  | (90604) | (90266) | 338 |
|  |  |  | $209332 | $209461 | $129 |

---

Percentages are based on Net Assets of $179,840 ($ Thousands).

See "Glossary" for abbreviations.

SEI Exchange Traded Funds 1

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2025

**SEI Enhanced Low Volatility U.S. Large Cap ETF**

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> — 99.9%** |  |  |
| **Communication Services — 11.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 2811 | $880 |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl C | 16331 | 5125 |
| &nbsp;&nbsp;&nbsp;AT&T | 205596 | 5107 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 70577 | 2110 |
| &nbsp;&nbsp;&nbsp;Fox, Cl A | 38456 | 2810 |
| &nbsp;&nbsp;&nbsp;Fox, Cl B | 22769 | 1478 |
| &nbsp;&nbsp;&nbsp;Omnicom Group | 19391 | 1566 |
| &nbsp;&nbsp;&nbsp;T-Mobile US | 5348 | 1086 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 102637 | 4180 |
|  |  | 24342 |
| **Consumer Discretionary — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 704 | 3770 |
| &nbsp;&nbsp;&nbsp;Domino's Pizza | 482 | 201 |
| &nbsp;&nbsp;&nbsp;H&R Block | 30537 | 1331 |
| &nbsp;&nbsp;&nbsp;McDonald's | 7939 | 2426 |
| &nbsp;&nbsp;&nbsp;Service Corp International | 1580 | 123 |
| &nbsp;&nbsp;&nbsp;Yum! Brands | 2702 | 409 |
|  |  | 8260 |
| **Consumer Staples — 11.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Altria Group | 69703 | 4019 |
| &nbsp;&nbsp;&nbsp;Clorox | 10556 | 1065 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 51494 | 4069 |
| &nbsp;&nbsp;&nbsp;General Mills | 33608 | 1563 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 7825 | 421 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 12077 | 1937 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 28648 | 4106 |
| &nbsp;&nbsp;&nbsp;Walmart | 58059 | 6468 |
|  |  | 23648 |
| **Energy — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Chevron | 23889 | 3641 |
| **Financials — 11.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Allstate | 6332 | 1318 |
| &nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B <sup>\*</sup> | 801 | 403 |
| &nbsp;&nbsp;&nbsp;Chubb | 10243 | 3197 |
| &nbsp;&nbsp;&nbsp;Loews | 5176 | 545 |
| &nbsp;&nbsp;&nbsp;Markel Group <sup>\*</sup> | 1351 | 2904 |
| &nbsp;&nbsp;&nbsp;Marsh & McLennan | 2059 | 382 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 7161 | 4088 |
| &nbsp;&nbsp;&nbsp;Travelers | 6724 | 1950 |
| &nbsp;&nbsp;&nbsp;Visa, Cl A | 12074 | 4234 |
| &nbsp;&nbsp;&nbsp;W R Berkley | 63256 | 4436 |
|  |  | 23457 |
| **Health Care — 17.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 53226 | 2871 |
| &nbsp;&nbsp;&nbsp;Cardinal Health | 28935 | 5946 |
| &nbsp;&nbsp;&nbsp;Cencora | 8477 | 2863 |
| &nbsp;&nbsp;&nbsp;Chemed | 732 | 313 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 41860 | 5138 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 29623 | $6131 |
| &nbsp;&nbsp;&nbsp;McKesson | 6474 | 5311 |
| &nbsp;&nbsp;&nbsp;Merck | 43514 | 4580 |
| &nbsp;&nbsp;&nbsp;Pfizer | 36270 | 903 |
| &nbsp;&nbsp;&nbsp;Quest Diagnostics | 11286 | 1958 |
|  |  | 36014 |
| **Industrials — 7.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Expeditors International of Washington | 25122 | 3743 |
| &nbsp;&nbsp;&nbsp;Genpact | 9831 | 460 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 1121 | 542 |
| &nbsp;&nbsp;&nbsp;Republic Services, Cl A | 21953 | 4652 |
| &nbsp;&nbsp;&nbsp;Snap-on | 1686 | 581 |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 14693 | 3287 |
| &nbsp;&nbsp;&nbsp;Waste Management | 13425 | 2950 |
|  |  | 16215 |
| **Information Technology — 28.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Accenture, Cl A | 16720 | 4486 |
| &nbsp;&nbsp;&nbsp;Akamai Technologies <sup>\*</sup> | 4022 | 351 |
| &nbsp;&nbsp;&nbsp;Amdocs | 24626 | 1983 |
| &nbsp;&nbsp;&nbsp;Amphenol, Cl A | 29500 | 3987 |
| &nbsp;&nbsp;&nbsp;Apple | 22153 | 6022 |
| &nbsp;&nbsp;&nbsp;Arrow Electronics <sup>\*</sup> | 12665 | 1395 |
| &nbsp;&nbsp;&nbsp;Avnet | 17112 | 823 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 75687 | 5830 |
| &nbsp;&nbsp;&nbsp;Cognizant Technology Solutions, Cl A | 55079 | 4572 |
| &nbsp;&nbsp;&nbsp;Dolby Laboratories, Cl A | 12213 | 784 |
| &nbsp;&nbsp;&nbsp;Dropbox, Cl A <sup>\*</sup> | 41171 | 1144 |
| &nbsp;&nbsp;&nbsp;F5 <sup>\*</sup> | 10153 | 2592 |
| &nbsp;&nbsp;&nbsp;Gen Digital | 90950 | 2473 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 13397 | 3968 |
| &nbsp;&nbsp;&nbsp;Microsoft | 11790 | 5702 |
| &nbsp;&nbsp;&nbsp;Motorola Solutions | 11054 | 4237 |
| &nbsp;&nbsp;&nbsp;Roper Technologies | 9266 | 4125 |
| &nbsp;&nbsp;&nbsp;Tyler Technologies <sup>\*</sup> | 450 | 204 |
| &nbsp;&nbsp;&nbsp;VeriSign | 14513 | 3526 |
|  |  | 58204 |
| **Materials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;NewMarket | 1098 | 755 |
| **Utilities — 5.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Atmos Energy | 8415 | 1411 |
| &nbsp;&nbsp;&nbsp;CMS Energy | 1727 | 121 |
| &nbsp;&nbsp;&nbsp;Consolidated Edison | 36167 | 3592 |
| &nbsp;&nbsp;&nbsp;DTE Energy | 4897 | 632 |
| &nbsp;&nbsp;&nbsp;Duke Energy | 30589 | 3585 |
| &nbsp;&nbsp;&nbsp;FirstEnergy | 5006 | 224 |
| &nbsp;&nbsp;&nbsp;National Fuel Gas | 16830 | 1347 |

---

SEI Exchange Traded Funds 2

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Enhanced Low Volatility U.S. Large Cap ETF** (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;NiSource | 5558 | $232 |
|  |  | 11144 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $184,709) ($ Thousands) |  | 205680 |
| Total Investments in Securities — 99.9% | Total Investments in Securities — 99.9% | Total Investments in Securities — 99.9% |
| &nbsp;&nbsp;&nbsp;(Cost $184,709) ($ Thousands) |  | $205680 |

---

Percentages are based on Net Assets of $205,970 ($ Thousands).

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

<sup>††</sup> Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

See "Glossary" for Abbreviations.

3 SEI Exchange Traded Funds

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Enhanced U.S. Large Cap Momentum Factor ETF**

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> — 99.9%** |  |  |
| **Communication Services — 11.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 240691 | $75336 |
| &nbsp;&nbsp;&nbsp;Fox, Cl A | 184312 | 13468 |
| &nbsp;&nbsp;&nbsp;Fox, Cl B | 110215 | 7156 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 36660 | 24199 |
| &nbsp;&nbsp;&nbsp;Reddit, Cl A <sup>\*</sup> | 8976 | 2063 |
| &nbsp;&nbsp;&nbsp;ROBLOX, Cl A <sup>\*</sup> | 8600 | 697 |
|  |  | 122919 |
| **Consumer Discretionary — 11.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com <sup>\*</sup> | 22096 | 5100 |
| &nbsp;&nbsp;&nbsp;Amer Sports <sup>\*</sup> | 125821 | 4700 |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 4008 | 21464 |
| &nbsp;&nbsp;&nbsp;Dillard's, Cl A | 2482 | 1505 |
| &nbsp;&nbsp;&nbsp;eBay | 235537 | 20515 |
| &nbsp;&nbsp;&nbsp;Expedia Group | 31193 | 8837 |
| &nbsp;&nbsp;&nbsp;Ralph Lauren, Cl A | 33303 | 11776 |
| &nbsp;&nbsp;&nbsp;Tapestry | 188765 | 24119 |
| &nbsp;&nbsp;&nbsp;Ulta Beauty <sup>\*</sup> | 36747 | 22232 |
|  |  | 120248 |
| **Consumer Staples — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Walmart | 287376 | 32017 |
| **Financials — 9.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon | 222159 | 25791 |
| &nbsp;&nbsp;&nbsp;Citigroup | 42398 | 4947 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 16750 | 4574 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group | 34023 | 29906 |
| &nbsp;&nbsp;&nbsp;Interactive Brokers Group, Cl A | 84156 | 5412 |
| &nbsp;&nbsp;&nbsp;Invesco | 307741 | 8084 |
| &nbsp;&nbsp;&nbsp;Janus Henderson Group | 96765 | 4603 |
| &nbsp;&nbsp;&nbsp;Nasdaq | 41038 | 3986 |
| &nbsp;&nbsp;&nbsp;Robinhood Markets, Cl A <sup>\*</sup> | 36965 | 4181 |
| &nbsp;&nbsp;&nbsp;SoFi Technologies <sup>\*</sup> | 408435 | 10693 |
|  |  | 102177 |
| **Health Care — 13.5%** |  |  |
| &nbsp;&nbsp;&nbsp;AbbVie | 17576 | 4016 |
| &nbsp;&nbsp;&nbsp;Boston Scientific <sup>\*</sup> | 182549 | 17406 |
| &nbsp;&nbsp;&nbsp;Cardinal Health | 106225 | 21829 |
| &nbsp;&nbsp;&nbsp;Cencora | 74646 | 25212 |
| &nbsp;&nbsp;&nbsp;Exelixis <sup>\*</sup> | 233774 | 10246 |
| &nbsp;&nbsp;&nbsp;Insulet <sup>\*</sup> | 56723 | 16123 |
| &nbsp;&nbsp;&nbsp;ResMed | 47884 | 11534 |
| &nbsp;&nbsp;&nbsp;Stryker | 30969 | 10885 |
| &nbsp;&nbsp;&nbsp;Tenet Healthcare <sup>\*</sup> | 43474 | 8639 |
| &nbsp;&nbsp;&nbsp;Veeva Systems, Cl A <sup>\*</sup> | 75876 | 16938 |
|  |  | 142828 |
| **Industrials — 8.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Caterpillar | 28253 | 16185 |
| &nbsp;&nbsp;&nbsp;Cummins | 7919 | 4042 |
| &nbsp;&nbsp;&nbsp;Curtiss-Wright | 31760 | 17508 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Howmet Aerospace | 73933 | $15158 |
| &nbsp;&nbsp;&nbsp;nVent Electric | 135969 | 13865 |
| &nbsp;&nbsp;&nbsp;Rockwell Automation | 27781 | 10809 |
| &nbsp;&nbsp;&nbsp;Vertiv Holdings, Cl A | 7943 | 1287 |
| &nbsp;&nbsp;&nbsp;Woodward | 48797 | 14752 |
|  |  | 93606 |
| **Information Technology — 37.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Amphenol, Cl A | 242970 | 32835 |
| &nbsp;&nbsp;&nbsp;Apple | 130094 | 35367 |
| &nbsp;&nbsp;&nbsp;AppLovin, Cl A <sup>\*</sup> | 39316 | 26492 |
| &nbsp;&nbsp;&nbsp;Arista Networks <sup>\*</sup> | 186372 | 24420 |
| &nbsp;&nbsp;&nbsp;Astera Labs <sup>\*</sup> | 17308 | 2879 |
| &nbsp;&nbsp;&nbsp;Broadcom | 15480 | 5358 |
| &nbsp;&nbsp;&nbsp;Ciena <sup>\*</sup> | 118829 | 27791 |
| &nbsp;&nbsp;&nbsp;Corning | 320221 | 28039 |
| &nbsp;&nbsp;&nbsp;Guidewire Software <sup>\*</sup> | 56141 | 11285 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 85026 | 25186 |
| &nbsp;&nbsp;&nbsp;Jabil | 89073 | 20310 |
| &nbsp;&nbsp;&nbsp;Microsoft | 92517 | 44743 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 405186 | 75567 |
| &nbsp;&nbsp;&nbsp;Oracle | 15457 | 3013 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Cl A <sup>\*</sup> | 79936 | 14209 |
| &nbsp;&nbsp;&nbsp;Sandisk <sup>\*</sup> | 41126 | 9762 |
| &nbsp;&nbsp;&nbsp;Snowflake, Cl A <sup>\*</sup> | 38527 | 8451 |
|  |  | 395707 |
| **Materials — 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Newmont | 239362 | 23900 |
| **Real Estate — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Welltower <sup>‡</sup> | 12368 | 2296 |
| **Utilities — 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Entergy | 257508 | 23802 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $867,289) ($ Thousands) |  | 1059500 |
| Total Investments in Securities — 99.9% | Total Investments in Securities — 99.9% | Total Investments in Securities — 99.9% |
| &nbsp;&nbsp;&nbsp;(Cost $867,289) ($ Thousands) |  | $1059500 |

---

Percentages are based on Net Assets of $1,060,546 ($ Thousands).

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

<sup>††</sup> Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

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

See "Glossary" for Abbreviations.

4 SEI Exchange Traded Funds

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Enhanced U.S. Large Cap Quality Factor ETF**

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> — 99.7%** |  |  |
| **Communication Services — 9.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl C | 71152 | $22328 |
| &nbsp;&nbsp;&nbsp;Match Group | 100107 | 3232 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 34717 | 22916 |
|  |  | 48476 |
| **Consumer Discretionary — 14.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Airbnb, Cl A <sup>\*</sup> | 2250 | 305 |
| &nbsp;&nbsp;&nbsp;Amazon.com <sup>\*</sup> | 12469 | 2878 |
| &nbsp;&nbsp;&nbsp;AutoZone <sup>\*</sup> | 279 | 946 |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 2840 | 15209 |
| &nbsp;&nbsp;&nbsp;Domino's Pizza | 15469 | 6448 |
| &nbsp;&nbsp;&nbsp;eBay | 68895 | 6001 |
| &nbsp;&nbsp;&nbsp;Etsy <sup>\*</sup> | 9945 | 551 |
| &nbsp;&nbsp;&nbsp;H&R Block | 64755 | 2822 |
| &nbsp;&nbsp;&nbsp;Home Depot | 2386 | 821 |
| &nbsp;&nbsp;&nbsp;McDonald's | 17261 | 5276 |
| &nbsp;&nbsp;&nbsp;NVR <sup>\*</sup> | 514 | 3749 |
| &nbsp;&nbsp;&nbsp;O'Reilly Automotive <sup>\*</sup> | 29182 | 2662 |
| &nbsp;&nbsp;&nbsp;TJX | 84776 | 13022 |
| &nbsp;&nbsp;&nbsp;Yum! Brands | 75200 | 11376 |
|  |  | 72066 |
| **Consumer Staples — 12.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Altria Group | 193081 | 11133 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 136920 | 10819 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark | 26509 | 2675 |
| &nbsp;&nbsp;&nbsp;Monster Beverage <sup>\*</sup> | 186365 | 14289 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 92201 | 14789 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 76701 | 10992 |
|  |  | 64697 |
| **Financials — 8.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 25524 | 14571 |
| &nbsp;&nbsp;&nbsp;Moody's | 21824 | 11149 |
| &nbsp;&nbsp;&nbsp;MSCI, Cl A | 4430 | 2542 |
| &nbsp;&nbsp;&nbsp;Visa, Cl A | 45375 | 15913 |
|  |  | 44175 |
| **Health Care — 9.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Edwards Lifesciences <sup>\*</sup> | 69740 | 5945 |
| &nbsp;&nbsp;&nbsp;Exelixis <sup>\*</sup> | 76564 | 3356 |
| &nbsp;&nbsp;&nbsp;IDEXX Laboratories <sup>\*</sup> | 1491 | 1009 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 82599 | 17094 |
| &nbsp;&nbsp;&nbsp;Mettler-Toledo International <sup>\*</sup> | 1909 | 2661 |
| &nbsp;&nbsp;&nbsp;ResMed | 41921 | 10098 |
| &nbsp;&nbsp;&nbsp;Vertex Pharmaceuticals <sup>\*</sup> | 16375 | 7424 |
| &nbsp;&nbsp;&nbsp;Zoetis, Cl A | 28231 | 3552 |
|  |  | 51139 |
| **Industrials — 10.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Cintas | 6474 | 1218 |
| &nbsp;&nbsp;&nbsp;Fastenal | 41650 | 1671 |
| &nbsp;&nbsp;&nbsp;Graco | 73184 | 5999 |
| &nbsp;&nbsp;&nbsp;Illinois Tool Works | 43216 | 10644 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Lennox International | 3730 | $1811 |
| &nbsp;&nbsp;&nbsp;Otis Worldwide | 101359 | 8854 |
| &nbsp;&nbsp;&nbsp;Paychex | 6688 | 750 |
| &nbsp;&nbsp;&nbsp;Rollins | 11805 | 708 |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 42606 | 9531 |
| &nbsp;&nbsp;&nbsp;WW Grainger | 11191 | 11292 |
|  |  | 52478 |
| **Information Technology — 35.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Adobe <sup>\*</sup> | 34058 | 11920 |
| &nbsp;&nbsp;&nbsp;Apple | 157973 | 42946 |
| &nbsp;&nbsp;&nbsp;Autodesk <sup>\*</sup> | 34940 | 10342 |
| &nbsp;&nbsp;&nbsp;Cadence Design Systems <sup>\*</sup> | 2850 | 891 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 183772 | 14156 |
| &nbsp;&nbsp;&nbsp;Dolby Laboratories, Cl A | 24774 | 1591 |
| &nbsp;&nbsp;&nbsp;F5 <sup>\*</sup> | 24689 | 6302 |
| &nbsp;&nbsp;&nbsp;Fair Isaac <sup>\*</sup> | 851 | 1439 |
| &nbsp;&nbsp;&nbsp;Fortinet <sup>\*</sup> | 15551 | 1235 |
| &nbsp;&nbsp;&nbsp;Gartner <sup>\*</sup> | 12449 | 3141 |
| &nbsp;&nbsp;&nbsp;Intuit | 4734 | 3136 |
| &nbsp;&nbsp;&nbsp;KLA | 1715 | 2084 |
| &nbsp;&nbsp;&nbsp;Lam Research | 11594 | 1985 |
| &nbsp;&nbsp;&nbsp;Manhattan Associates <sup>\*</sup> | 6264 | 1086 |
| &nbsp;&nbsp;&nbsp;Microsoft | 64975 | 31423 |
| &nbsp;&nbsp;&nbsp;Motorola Solutions | 5122 | 1963 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 124285 | 23179 |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 73764 | 12617 |
| &nbsp;&nbsp;&nbsp;VeriSign | 39827 | 9676 |
|  |  | 181112 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $466,089) ($ Thousands) |  | 514143 |
| Total Investments in Securities — 99.7% | Total Investments in Securities — 99.7% | Total Investments in Securities — 99.7% |
| &nbsp;&nbsp;&nbsp;(Cost $466,089) ($ Thousands) |  | $514143 |

---

Percentages are based on Net Assets of $515,672 ($ Thousands).

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

<sup>††</sup> Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

See "Glossary" for Abbreviations.

SEI Exchange Traded Funds 5

SCHEDULE OF INVESTMENTS (Unaudited)

December 31, 2025

**SEI Enhanced U.S. Large Cap Value Factor ETF**

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> — 99.7%** |  |  |
| **Communication Services — 10.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl C | 96091 | $30153 |
| &nbsp;&nbsp;&nbsp;AT&T | 894273 | 22214 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 164041 | 4903 |
| &nbsp;&nbsp;&nbsp;Fox | 158880 | 11609 |
| &nbsp;&nbsp;&nbsp;Fox, Cl B | 105496 | 6850 |
| &nbsp;&nbsp;&nbsp;Liberty Global, Cl A <sup>\*</sup> | 89606 | 998 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 3371 | 2225 |
| &nbsp;&nbsp;&nbsp;Millicom International Cellular | 80293 | 4451 |
| &nbsp;&nbsp;&nbsp;Nexstar Media Group, Cl A | 11355 | 2306 |
| &nbsp;&nbsp;&nbsp;Omnicom Group | 49718 | 4015 |
| &nbsp;&nbsp;&nbsp;Sirius XM Holdings | 84056 | 1681 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 591650 | 24098 |
|  |  | 115503 |
| **Consumer Discretionary — 10.4%** |  |  |
| &nbsp;&nbsp;&nbsp;ADT | 410041 | 3309 |
| &nbsp;&nbsp;&nbsp;Amazon.com <sup>\*</sup> | 19865 | 4585 |
| &nbsp;&nbsp;&nbsp;BorgWarner | 172541 | 7775 |
| &nbsp;&nbsp;&nbsp;Carnival <sup>\*</sup> | 414083 | 12646 |
| &nbsp;&nbsp;&nbsp;Expedia Group | 43727 | 12388 |
| &nbsp;&nbsp;&nbsp;Ford Motor | 1634400 | 21443 |
| &nbsp;&nbsp;&nbsp;General Motors | 365791 | 29746 |
| &nbsp;&nbsp;&nbsp;H&R Block | 118301 | 5156 |
| &nbsp;&nbsp;&nbsp;Lear | 41718 | 4781 |
| &nbsp;&nbsp;&nbsp;Macy's | 215873 | 4760 |
| &nbsp;&nbsp;&nbsp;Travel + Leisure | 51754 | 3650 |
|  |  | 110239 |
| **Consumer Staples — 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Albertsons, Cl A | 324739 | 5576 |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | 95172 | 5471 |
| &nbsp;&nbsp;&nbsp;Ingredion | 51258 | 5652 |
| &nbsp;&nbsp;&nbsp;Kroger | 312030 | 19496 |
| &nbsp;&nbsp;&nbsp;Pilgrim's Pride | 32993 | 1286 |
| &nbsp;&nbsp;&nbsp;Post Holdings <sup>\*</sup> | 40192 | 3981 |
| &nbsp;&nbsp;&nbsp;Seaboard | 115 | 511 |
| &nbsp;&nbsp;&nbsp;US Foods Holding <sup>\*</sup> | 60515 | 4558 |
|  |  | 46531 |
| **Energy — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;APA | 286755 | 7014 |
| &nbsp;&nbsp;&nbsp;Chord Energy | 48257 | 4474 |
| &nbsp;&nbsp;&nbsp;Devon Energy | 470963 | 17251 |
|  |  | 28739 |
| **Financials — 16.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Affiliated Managers Group | 23762 | 6850 |
| &nbsp;&nbsp;&nbsp;Ally Financial | 208254 | 9432 |
| &nbsp;&nbsp;&nbsp;American International Group | 154898 | 13251 |
| &nbsp;&nbsp;&nbsp;Axis Capital Holdings | 59234 | 6343 |
| &nbsp;&nbsp;&nbsp;Bank OZK | 81283 | 3741 |
| &nbsp;&nbsp;&nbsp;Citigroup | 152561 | 17802 |
| &nbsp;&nbsp;&nbsp;Corebridge Financial | 225375 | 6800 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Janus Henderson Group | 62467 | $2972 |
| &nbsp;&nbsp;&nbsp;Lincoln National | 135647 | 6040 |
| &nbsp;&nbsp;&nbsp;Old Republic International | 90576 | 4134 |
| &nbsp;&nbsp;&nbsp;OneMain Holdings, Cl A | 90088 | 6085 |
| &nbsp;&nbsp;&nbsp;Popular | 54745 | 6817 |
| &nbsp;&nbsp;&nbsp;Prudential Financial | 46497 | 5249 |
| &nbsp;&nbsp;&nbsp;Regions Financial | 589994 | 15989 |
| &nbsp;&nbsp;&nbsp;Reinsurance Group of America | 50387 | 10252 |
| &nbsp;&nbsp;&nbsp;RenaissanceRe Holdings | 37356 | 10503 |
| &nbsp;&nbsp;&nbsp;Rithm Capital <sup>‡</sup> | 378802 | 4129 |
| &nbsp;&nbsp;&nbsp;Synchrony Financial | 297832 | 24848 |
| &nbsp;&nbsp;&nbsp;Unum Group | 150026 | 11627 |
| &nbsp;&nbsp;&nbsp;Western Union | 265323 | 2470 |
|  |  | 175334 |
| **Health Care — 12.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 48627 | 2623 |
| &nbsp;&nbsp;&nbsp;Cardinal Health | 130329 | 26783 |
| &nbsp;&nbsp;&nbsp;Cencora | 18382 | 6208 |
| &nbsp;&nbsp;&nbsp;DaVita <sup>\*</sup> | 32109 | 3648 |
| &nbsp;&nbsp;&nbsp;Exelixis <sup>\*</sup> | 6125 | 268 |
| &nbsp;&nbsp;&nbsp;GE HealthCare Technologies | 13249 | 1087 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 107077 | 13143 |
| &nbsp;&nbsp;&nbsp;HCA Healthcare | 27617 | 12893 |
| &nbsp;&nbsp;&nbsp;Jazz Pharmaceuticals <sup>\*</sup> | 46709 | 7940 |
| &nbsp;&nbsp;&nbsp;McKesson | 15621 | 12814 |
| &nbsp;&nbsp;&nbsp;Medtronic | 9751 | 937 |
| &nbsp;&nbsp;&nbsp;Pfizer | 670994 | 16708 |
| &nbsp;&nbsp;&nbsp;Solventum <sup>\*</sup> | 18738 | 1485 |
| &nbsp;&nbsp;&nbsp;Tenet Healthcare <sup>\*</sup> | 65235 | 12963 |
| &nbsp;&nbsp;&nbsp;Universal Health Services, Cl B | 9508 | 2073 |
| &nbsp;&nbsp;&nbsp;Viatris, Cl W | 598258 | 7448 |
|  |  | 129021 |
| **Industrials — 4.8%** |  |  |
| &nbsp;&nbsp;&nbsp;American Airlines Group <sup>\*</sup> | 509033 | 7804 |
| &nbsp;&nbsp;&nbsp;Concentrix | 36092 | 1501 |
| &nbsp;&nbsp;&nbsp;Delta Air Lines | 114516 | 7947 |
| &nbsp;&nbsp;&nbsp;Leidos Holdings | 78452 | 14153 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 10995 | 5318 |
| &nbsp;&nbsp;&nbsp;Ryder System | 16508 | 3159 |
| &nbsp;&nbsp;&nbsp;Textron | 11119 | 969 |
| &nbsp;&nbsp;&nbsp;United Airlines Holdings <sup>\*</sup> | 86719 | 9697 |
|  |  | 50548 |
| **Information Technology — 30.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Adobe <sup>\*</sup> | 48072 | 16825 |
| &nbsp;&nbsp;&nbsp;Amdocs | 63488 | 5111 |
| &nbsp;&nbsp;&nbsp;Amkor Technology | 86335 | 3409 |
| &nbsp;&nbsp;&nbsp;Apple | 122727 | 33365 |
| &nbsp;&nbsp;&nbsp;Arrow Electronics <sup>\*</sup> | 54210 | 5973 |
| &nbsp;&nbsp;&nbsp;Avnet | 71897 | 3457 |
| &nbsp;&nbsp;&nbsp;Cirrus Logic <sup>\*</sup> | 14240 | 1687 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 303805 | 23402 |

---

SEI Exchange Traded Funds 6

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2025

**SEI Enhanced U.S. Large Cap Value Factor ETF** (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Cognizant Technology Solutions, Cl A | 206223 | $17117 |
| &nbsp;&nbsp;&nbsp;Dell Technologies, Cl C | 108520 | 13661 |
| &nbsp;&nbsp;&nbsp;Dolby Laboratories, Cl A | 51052 | 3279 |
| &nbsp;&nbsp;&nbsp;Dropbox, Cl A <sup>\*</sup> | 155229 | 4315 |
| &nbsp;&nbsp;&nbsp;DXC Technology <sup>\*</sup> | 136092 | 1994 |
| &nbsp;&nbsp;&nbsp;F5 <sup>\*</sup> | 23618 | 6029 |
| &nbsp;&nbsp;&nbsp;Flex <sup>\*</sup> | 128516 | 7765 |
| &nbsp;&nbsp;&nbsp;Gen Digital | 205748 | 5594 |
| &nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise | 1005505 | 24152 |
| &nbsp;&nbsp;&nbsp;Micron Technology | 107762 | 30756 |
| &nbsp;&nbsp;&nbsp;Microsoft | 64052 | 30977 |
| &nbsp;&nbsp;&nbsp;NetApp | 158523 | 16976 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 188424 | 35141 |
| &nbsp;&nbsp;&nbsp;QUALCOMM | 109467 | 18724 |
| &nbsp;&nbsp;&nbsp;RingCentral, Cl A <sup>\*</sup> | 35733 | 1032 |
| &nbsp;&nbsp;&nbsp;Skyworks Solutions | 40650 | 2578 |
| &nbsp;&nbsp;&nbsp;Teradata <sup>\*</sup> | 43380 | 1320 |
| &nbsp;&nbsp;&nbsp;Vontier | 115570 | 4297 |
| &nbsp;&nbsp;&nbsp;Western Digital | 14897 | 2566 |
| &nbsp;&nbsp;&nbsp;Zoom Communications, Cl A <sup>\*</sup> | 64876 | 5598 |
|  |  | 327100 |
| **Materials — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Alcoa | 191908 | 10198 |
| &nbsp;&nbsp;&nbsp;Crown Holdings | 92356 | 9510 |
| &nbsp;&nbsp;&nbsp;Mosaic | 110147 | 2653 |
| &nbsp;&nbsp;&nbsp;Newmont | 47718 | 4765 |
|  |  | 27126 |
| **Utilities — 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Consolidated Edison | 71505 | 7102 |
| &nbsp;&nbsp;&nbsp;Exelon | 465551 | 20294 |
| &nbsp;&nbsp;&nbsp;FirstEnergy | 61522 | 2754 |
| &nbsp;&nbsp;&nbsp;MDU Resources Group | 161885 | 3160 |
| &nbsp;&nbsp;&nbsp;NRG Energy | 56902 | 9061 |
| &nbsp;&nbsp;&nbsp;UGI | 172932 | 6473 |
|  |  | 48844 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $877,022) ($ Thousands) |  | 1058985 |
| Total Investments in Securities — 99.7% | Total Investments in Securities — 99.7% | Total Investments in Securities — 99.7% |
| &nbsp;&nbsp;&nbsp;(Cost $877,022) ($ Thousands) |  | $1058985 |

---

Percentages are based on Net Assets of $1,061,698 ($ Thousands).

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

<sup>††</sup> Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

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

See "Glossary" for Abbreviations.

7 SEI Exchange Traded Funds

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2025

**SEI Select Emerging Markets Equity ETF**

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> — 95.8%** |  |  |
| **Brazil — 3.6%** |  |  |
| **Communication Services — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Telefonica Brasil | 214605 | $1296 |
| &nbsp;&nbsp;&nbsp;TIM | 314545 | 1225 |
|  |  | 2521 |
| **Consumer Discretionary — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Cyrela Brazil Realty Empreendimentos e Participacoes | 150860 | 815 |
| &nbsp;&nbsp;&nbsp;Ultrapar Participacoes | 171872 | 656 |
| &nbsp;&nbsp;&nbsp;Vibra Energia | 192893 | 892 |
|  |  | 2363 |
| **Consumer Staples — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Natura Cosmeticos <sup>\*</sup> | 213576 | 290 |
| &nbsp;&nbsp;&nbsp;Raia Drogasil | 207254 | 887 |
|  |  | 1177 |
| **Energy — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;PRIO <sup>\*</sup> | 82889 | 627 |
| **Financials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco BTG Pactual | 72155 | 692 |
| **Information Technology — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;TOTVS | 132818 | 1020 |
| **Materials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Vale | 179489 | 2357 |
| **Utilities — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 40337 | 982 |
| &nbsp;&nbsp;&nbsp;CPFL Energia | 140102 | 1362 |
|  |  | 2344 |
| Total Brazil |  | 13101 |
| **Chile — 0.8%** |  |  |
| **Consumer Discretionary — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Falabella | 105730 | 737 |
| **Financials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco de Chile | 5037877 | 972 |
| **Industrials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Latam Airlines Group | 28230423 | 764 |
| **Utilities — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Colbun | 3761439 | 601 |
| Total Chile |  | 3074 |
| **China — 26.1%** |  |  |
| **Communication Services — 6.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Baidu, Cl A <sup>\*</sup> | 60423 | 1021 |
| &nbsp;&nbsp;&nbsp;Hello Group ADR | 80240 | 525 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;JOYY ADR | 11608 | $752 |
| &nbsp;&nbsp;&nbsp;NetEase | 167172 | 4609 |
| &nbsp;&nbsp;&nbsp;Tencent Holdings | 227331 | 17495 |
|  |  | 24402 |
| **Consumer Discretionary — 7.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Group Holding | 645965 | 11851 |
| &nbsp;&nbsp;&nbsp;Fuyao Glass Industry Group, Cl A | 66300 | 615 |
| &nbsp;&nbsp;&nbsp;Geely Automobile Holdings | 910220 | 2093 |
| &nbsp;&nbsp;&nbsp;Haier Smart Home, Cl H | 393519 | 1228 |
| &nbsp;&nbsp;&nbsp;Hangzhou Robam Appliances, Cl A | 288700 | 799 |
| &nbsp;&nbsp;&nbsp;JD.com, Cl A | 101505 | 1455 |
| &nbsp;&nbsp;&nbsp;Meituan, Cl B <sup>\*</sup> | 54085 | 718 |
| &nbsp;&nbsp;&nbsp;Midea Group, Cl A | 79600 | 890 |
| &nbsp;&nbsp;&nbsp;PDD Holdings ADR <sup>\*</sup> | 18535 | 2102 |
| &nbsp;&nbsp;&nbsp;Pop Mart International Group | 63480 | 1531 |
| &nbsp;&nbsp;&nbsp;TCL Electronics Holdings | 516300 | 689 |
| &nbsp;&nbsp;&nbsp;Trip.com Group | 15980 | 1137 |
| &nbsp;&nbsp;&nbsp;Vipshop Holdings ADR | 136974 | 2423 |
|  |  | 27531 |
| **Consumer Staples — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Eastroc Beverage Group, Cl A | 17600 | 673 |
| &nbsp;&nbsp;&nbsp;Foshan Haitian Flavouring & Food, Cl A | 153500 | 813 |
| &nbsp;&nbsp;&nbsp;JD Health International <sup>\*</sup> | 94200 | 672 |
| &nbsp;&nbsp;&nbsp;Uni-President China Holdings | 448000 | 468 |
| &nbsp;&nbsp;&nbsp;Want Want China Holdings | 1361300 | 812 |
|  |  | 3438 |
| **Energy — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;PetroChina, Cl H | 863400 | 930 |
| **Financials — 4.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Agricultural Bank of China, Cl H | 921900 | 685 |
| &nbsp;&nbsp;&nbsp;China CITIC Bank, Cl H | 1549700 | 1382 |
| &nbsp;&nbsp;&nbsp;China Construction Bank, Cl A | 542900 | 721 |
| &nbsp;&nbsp;&nbsp;China Life Insurance, Cl H | 810205 | 2850 |
| &nbsp;&nbsp;&nbsp;China Pacific Insurance Group, Cl A | 122500 | 735 |
| &nbsp;&nbsp;&nbsp;China Pacific Insurance Group, Cl H | 166165 | 751 |
| &nbsp;&nbsp;&nbsp;China Reinsurance Group, Cl H | 3665300 | 791 |
| &nbsp;&nbsp;&nbsp;CITIC Securities, Cl H | 218400 | 769 |
| &nbsp;&nbsp;&nbsp;FinVolution Group ADR | 59469 | 311 |
| &nbsp;&nbsp;&nbsp;Industrial & Commercial Bank of China, Cl H | 1689817 | 1365 |
| &nbsp;&nbsp;&nbsp;New China Life Insurance, Cl A | 75600 | 754 |
| &nbsp;&nbsp;&nbsp;New China Life Insurance, Cl H | 161000 | 1124 |
| &nbsp;&nbsp;&nbsp;People's Insurance Group of China, Cl H | 2649831 | 2298 |
| &nbsp;&nbsp;&nbsp;PICC Property & Casualty, Cl H | 634948 | 1335 |
| &nbsp;&nbsp;&nbsp;Ping An Insurance Group of China, Cl H | 260771 | 2183 |
|  |  | 18054 |
| **Health Care — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Hansoh Pharmaceutical Group | 244900 | 1135 |
| &nbsp;&nbsp;&nbsp;Jiangsu Hengrui Pharmaceuticals, Cl A | 95100 | 811 |
| &nbsp;&nbsp;&nbsp;Sino Biopharmaceutical | 855820 | 679 |
|  |  | 2625 |

---

SEI Exchange Traded Funds 8

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2025

**SEI Select Emerging Markets Equity ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| **Industrials — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Airtac International Group | 23450 | $694 |
| &nbsp;&nbsp;&nbsp;Centre Testing International Group, Cl A | 606178 | 1175 |
| &nbsp;&nbsp;&nbsp;Contemporary Amperex Technology, Cl A | 35500 | 1866 |
| &nbsp;&nbsp;&nbsp;COSCO SHIPPING Holdings, Cl A | 456400 | 991 |
| &nbsp;&nbsp;&nbsp;COSCO SHIPPING Holdings, Cl H | 370700 | 655 |
| &nbsp;&nbsp;&nbsp;Qingdao Port International, Cl H | 656000 | 587 |
| &nbsp;&nbsp;&nbsp;Sany Heavy Industry, Cl A | 234700 | 710 |
| &nbsp;&nbsp;&nbsp;Sinopec Engineering Group, Cl H | 714740 | 703 |
| &nbsp;&nbsp;&nbsp;Yangzijiang Shipbuilding Holdings | 516236 | 1397 |
| &nbsp;&nbsp;&nbsp;Zoomlion Heavy Industry Science and Technology, Cl H | 755700 | 752 |
|  |  | 9530 |
| **Information Technology — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Shengyi Technology, Cl A | 90400 | 924 |
| &nbsp;&nbsp;&nbsp;Shenzhen Sunlord Electronics, Cl A | 140600 | 715 |
| &nbsp;&nbsp;&nbsp;Xiaomi, Cl B <sup>\*</sup> | 130631 | 659 |
| &nbsp;&nbsp;&nbsp;Zhongji Innolight, Cl A | 7900 | 690 |
|  |  | 2988 |
| **Materials — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;China Hongqiao Group | 327295 | 1372 |
| &nbsp;&nbsp;&nbsp;Fufeng Group | 735800 | 745 |
| &nbsp;&nbsp;&nbsp;Zijin Mining Group, Cl A | 188500 | 930 |
| &nbsp;&nbsp;&nbsp;Zijin Mining Group, Cl H | 217100 | 994 |
|  |  | 4041 |
| **Real Estate — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;China Resources Land | 289130 | 1010 |
| **Utilities — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Beijing Enterprises Holdings | 163700 | 669 |
| Total China |  | 95218 |
| **Colombia — 0.5%** |  |  |
| **Financials — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Grupo Cibest ADR | 16852 | 1072 |
| &nbsp;&nbsp;&nbsp;GRUPO CIBEST | 43822 | 803 |
|  |  | 1875 |
| Total Colombia |  | 1875 |
| **Egypt — 0.7%** |  |  |
| **Financials — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Commercial International Bank | 1141562 | 2465 |
| **Greece — 1.4%** |  |  |
| **Communication Services — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Hellenic Telecommunications Organization | 43469 | 861 |
| **Consumer Discretionary — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;JUMBO | 37429 | 1226 |
| &nbsp;&nbsp;&nbsp;OPAP | 53624 | 1203 |
|  |  | 2429 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| **Financials — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Eurobank | 433163 | $1743 |
| Total Greece |  | 5033 |
| **Hong Kong — 0.4%** |  |  |
| **Consumer Staples — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;WH Group | 1440240 | 1604 |
| **Hungary — 2.3%** |  |  |
| **Communication Services — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Magyar Telekom Telecommunications | 159941 | 877 |
| **Energy — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;MOL Hungarian Oil & Gas | 181811 | 1635 |
| **Financials — 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;OTP Bank Nyrt | 53485 | 5742 |
| Total Hungary |  | 8254 |
| **India — 11.9%** |  |  |
| **Communication Services — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Bharti Airtel | 33795 | 792 |
| &nbsp;&nbsp;&nbsp;Indus Towers <sup>\*</sup> | 157317 | 733 |
|  |  | 1525 |
| **Consumer Discretionary — 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Eicher Motors | 18927 | 1540 |
| &nbsp;&nbsp;&nbsp;Hero MotoCorp | 35564 | 2283 |
| &nbsp;&nbsp;&nbsp;Mahindra & Mahindra | 19303 | 797 |
| &nbsp;&nbsp;&nbsp;Maruti Suzuki India | 17242 | 3203 |
| &nbsp;&nbsp;&nbsp;Vishal Mega Mart <sup>\*</sup> | 400442 | 607 |
|  |  | 8430 |
| **Consumer Staples — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Britannia Industries | 23717 | 1591 |
| &nbsp;&nbsp;&nbsp;Marico | 239077 | 1997 |
|  |  | 3588 |
| **Energy — 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Bharat Petroleum | 613556 | 2621 |
| &nbsp;&nbsp;&nbsp;Great Eastern Shipping | 54650 | 687 |
| &nbsp;&nbsp;&nbsp;Indian Oil | 337921 | 626 |
| &nbsp;&nbsp;&nbsp;Oil & Natural Gas | 970304 | 2595 |
| &nbsp;&nbsp;&nbsp;Petronet LNG | 239619 | 757 |
| &nbsp;&nbsp;&nbsp;Reliance Industries | 41600 | 727 |
|  |  | 8013 |
| **Financials — 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Bank of Baroda | 404963 | 1333 |
| &nbsp;&nbsp;&nbsp;Canara Bank | 993093 | 1712 |
| &nbsp;&nbsp;&nbsp;General Insurance | 107247 | 454 |
| &nbsp;&nbsp;&nbsp;HDFC Bank | 267845 | 2954 |
| &nbsp;&nbsp;&nbsp;ICICI Bank ADR | 49782 | 1484 |
| &nbsp;&nbsp;&nbsp;L&T Finance | 212946 | 749 |
| &nbsp;&nbsp;&nbsp;LIC Housing Finance | 125429 | 753 |

---

9 SEI Exchange Traded Funds

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2025

**SEI Select Emerging Markets Equity ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Muthoot Finance | 54267 | $2301 |
| &nbsp;&nbsp;&nbsp;Shriram Finance | 76256 | 845 |
|  |  | 12585 |
| **Health Care — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Aurobindo Pharma | 51551 | 679 |
| &nbsp;&nbsp;&nbsp;Dr Reddy's Laboratories | 52130 | 737 |
|  |  | 1416 |
| **Industrials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Ashok Leyland | 528660 | 1054 |
| **Information Technology — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Infosys ADR | 73901 | 1317 |
| **Materials — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Chambal Fertilisers and Chemicals | 86542 | 464 |
| &nbsp;&nbsp;&nbsp;Coromandel International | 49116 | 1238 |
| &nbsp;&nbsp;&nbsp;Hindalco Industries | 64504 | 636 |
| &nbsp;&nbsp;&nbsp;National Aluminium | 361425 | 1264 |
| &nbsp;&nbsp;&nbsp;NMDC | 644689 | 597 |
| &nbsp;&nbsp;&nbsp;Vedanta | 204790 | 1377 |
|  |  | 5576 |
| Total India |  | 43504 |
| **Indonesia — 1.0%** |  |  |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Indofood Sukses Makmur | 1940219 | 788 |
| **Financials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Bank Central Asia | 1475603 | 715 |
| &nbsp;&nbsp;&nbsp;Bank Rakyat Indonesia Persero | 3298587 | 724 |
|  |  | 1439 |
| **Industrials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Astra International | 2469973 | 992 |
| **Utilities — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Perusahaan Gas Negara | 5102964 | 585 |
| Total Indonesia |  | 3804 |
| **Kuwait — 0.2%** |  |  |
| **Communication Services — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Mobile Telecommunications KSCP | 421545 | 712 |
| **Malaysia — 0.3%** |  |  |
| **Financials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Public Bank | 513265 | 574 |
| **Industrials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Zetrix Ai | 2865468 | 572 |
| Total Malaysia |  | 1146 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| **Mexico — 1.6%** |  |  |
| **Consumer Staples — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Fomento Economico Mexicano | 139998 | $1417 |
| **Financials — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco del Bajio | 397465 | 1007 |
| &nbsp;&nbsp;&nbsp;Gentera | 277763 | 710 |
| &nbsp;&nbsp;&nbsp;Grupo Financiero Banorte, Cl O | 219791 | 2040 |
|  |  | 3757 |
| **Materials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Grupo Mexico | 84588 | 801 |
| Total Mexico |  | 5975 |
| **Philippines — 0.7%** |  |  |
| **Financials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan Bank & Trust | 784259 | 913 |
| **Industrials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;GT Capital Holdings | 43852 | 443 |
| &nbsp;&nbsp;&nbsp;International Container Terminal Services | 121977 | 1176 |
|  |  | 1619 |
| Total Philippines |  | 2532 |
| **Poland — 1.1%** |  |  |
| **Energy — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;ORLEN | 28269 | 756 |
| **Financials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Bank Polska Kasa Opieki | 14304 | 816 |
| &nbsp;&nbsp;&nbsp;Powszechny Zaklad Ubezpieczen | 41655 | 773 |
|  |  | 1589 |
| **Materials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;KGHM Polska Miedz <sup>\*</sup> | 11096 | 867 |
| **Utilities — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Enea | 121264 | 657 |
| Total Poland |  | 3869 |
| **Qatar — 0.6%** |  |  |
| **Communication Services — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Ooredoo QPSC | 433811 | 1552 |
| **Real Estate — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Barwa Real Estate | 676269 | 486 |
| Total Qatar |  | 2038 |
| **Saudi Arabia — 1.5%** |  |  |
| **Communication Services — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Etihad Etisalat | 75826 | 1334 |
| **Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;United Electronics | 22092 | 498 |

---

SEI Exchange Traded Funds 10

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select Emerging Markets Equity ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| **Energy — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Saudi Arabian Oil | 410900 | $2610 |
| **Materials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;SABIC Agri-Nutrients | 20231 | 597 |
| **Real Estate — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Arabian Centres | 116570 | 587 |
| Total Saudi Arabia |  | 5626 |
| **South Africa — 4.5%** |  |  |
| **Communication Services — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Group | 78490 | 803 |
| &nbsp;&nbsp;&nbsp;Vodacom Group | 163413 | 1393 |
|  |  | 2196 |
| **Consumer Discretionary — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Naspers, Cl N | 50550 | 3370 |
| **Consumer Staples — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;AVI | 178122 | 1134 |
| &nbsp;&nbsp;&nbsp;Bid | 33720 | 859 |
| &nbsp;&nbsp;&nbsp;Clicks Group | 30543 | 620 |
| &nbsp;&nbsp;&nbsp;Tiger Brands | 55970 | 1237 |
|  |  | 3850 |
| **Financials — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Absa Group | 62834 | 908 |
| &nbsp;&nbsp;&nbsp;Capitec Bank Holdings | 3109 | 780 |
| &nbsp;&nbsp;&nbsp;Nedbank Group | 46812 | 752 |
| &nbsp;&nbsp;&nbsp;Sanlam | 130070 | 773 |
|  |  | 3213 |
| **Materials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Anglo American | 17538 | 725 |
| &nbsp;&nbsp;&nbsp;Harmony Gold Mining | 36891 | 750 |
| &nbsp;&nbsp;&nbsp;Kumba Iron Ore | 36806 | 780 |
|  |  | 2255 |
| **Real Estate — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Growthpoint Properties <sup>‡</sup> | 764254 | 791 |
| &nbsp;&nbsp;&nbsp;Resilient REIT <sup>‡</sup> | 175399 | 847 |
|  |  | 1638 |
| Total South Africa |  | 16522 |
| **South Korea — 14.1%** |  |  |
| **Communication Services — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;KT ADR | 31861 | 604 |
| &nbsp;&nbsp;&nbsp;LG Uplus | 97169 | 993 |
|  |  | 1597 |
| **Consumer Discretionary — 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Coway | 12516 | 755 |
| &nbsp;&nbsp;&nbsp;Hankook Tire & Technology | 33812 | 1369 |
| &nbsp;&nbsp;&nbsp;Hyundai Mobis | 5713 | 1479 |
| &nbsp;&nbsp;&nbsp;Kia | 36512 | 3087 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;LG Electronics | 12119 | $773 |
| &nbsp;&nbsp;&nbsp;Youngone | 11725 | 666 |
|  |  | 8129 |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;KT&G | 8254 | 814 |
| **Financials — 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Hana Financial Group | 41563 | 2715 |
| &nbsp;&nbsp;&nbsp;KB Financial Group | 9316 | 806 |
| &nbsp;&nbsp;&nbsp;Korea Investment Holdings | 6374 | 716 |
| &nbsp;&nbsp;&nbsp;Shinhan Financial Group | 39190 | 2092 |
| &nbsp;&nbsp;&nbsp;Woori Financial Group | 91803 | 1784 |
|  |  | 8113 |
| **Industrials — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;GS Holdings | 17881 | 699 |
| &nbsp;&nbsp;&nbsp;HD Korea Shipbuilding & Offshore Engineering | 2523 | 713 |
| &nbsp;&nbsp;&nbsp;Hyundai Rotem | 4584 | 598 |
| &nbsp;&nbsp;&nbsp;Samsung E&A | 36000 | 601 |
| &nbsp;&nbsp;&nbsp;Samsung Heavy Industries <sup>\*</sup> | 47406 | 793 |
| &nbsp;&nbsp;&nbsp;SK | 4121 | 734 |
| &nbsp;&nbsp;&nbsp;SK Square <sup>\*</sup> | 8164 | 2085 |
|  |  | 6223 |
| **Information Technology — 7.2%** |  |  |
| &nbsp;&nbsp;&nbsp;LG Innotek | 3732 | 702 |
| &nbsp;&nbsp;&nbsp;Samsung Electro-Mechanics | 3864 | 684 |
| &nbsp;&nbsp;&nbsp;Samsung Electronics | 188192 | 15664 |
| &nbsp;&nbsp;&nbsp;SK Hynix | 20064 | 9067 |
|  |  | 26117 |
| **Materials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;LG Chemical | 2646 | 612 |
| Total South Korea |  | 51605 |
| **Taiwan — 17.8%** |  |  |
| **Communication Services — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Chunghwa Telecom | 327301 | 1360 |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Uni-President Enterprises | 373713 | 917 |
| **Financials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;CTBC Financial Holding | 584872 | 935 |
| **Industrials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Eva Airways | 1067135 | 1241 |
| **Information Technology — 16.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Advantech | 60148 | 551 |
| &nbsp;&nbsp;&nbsp;Ardentec | 256450 | 1016 |
| &nbsp;&nbsp;&nbsp;ASPEED Technology | 3303 | 763 |
| &nbsp;&nbsp;&nbsp;Asustek Computer | 38168 | 666 |

---

11 SEI Exchange Traded Funds

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select Emerging Markets Equity ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Chroma ATE | 32762 | $808 |
| &nbsp;&nbsp;&nbsp;Delta Electronics | 121310 | 3718 |
| &nbsp;&nbsp;&nbsp;Genius Electronic Optical | 50332 | 720 |
| &nbsp;&nbsp;&nbsp;Hon Hai Precision Industry | 238203 | 1747 |
| &nbsp;&nbsp;&nbsp;King Slide Works | 9498 | 1134 |
| &nbsp;&nbsp;&nbsp;Largan Precision | 20744 | 1647 |
| &nbsp;&nbsp;&nbsp;Lite-On Technology | 137936 | 718 |
| &nbsp;&nbsp;&nbsp;MediaTek | 45048 | 2050 |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing | 852646 | 42062 |
| &nbsp;&nbsp;&nbsp;Tripod Technology | 74042 | 748 |
| &nbsp;&nbsp;&nbsp;Win Semiconductors | 134052 | 781 |
| &nbsp;&nbsp;&nbsp;Wiwynn | 5500 | 785 |
| &nbsp;&nbsp;&nbsp;Yageo | 98992 | 728 |
|  |  | 60642 |
| Total Taiwan |  | 65095 |
| **Thailand — 1.0%** |  |  |
| **Communication Services — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Advanced Info Service NVDR | 80950 | 804 |
| **Energy — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;PTT Exploration & Production NVDR | 405821 | 1456 |
| **Financials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Kasikornbank NVDR | 206998 | 1278 |
| Total Thailand |  | 3538 |
| **Turkey — 0.2%** |  |  |
| **Financials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Yapi ve Kredi Bankasi <sup>\*</sup> | 786798 | 663 |
| **United Arab Emirates — 3.5%** |  |  |
| **Financials — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Abu Dhabi Islamic Bank PJSC | 107800 | 609 |
| &nbsp;&nbsp;&nbsp;Dubai Islamic Bank PJSC | 531564 | 1342 |
| &nbsp;&nbsp;&nbsp;Emirates NBD Bank PJSC | 346758 | 2630 |
| &nbsp;&nbsp;&nbsp;First Abu Dhabi Bank PJSC | 222670 | 1057 |
|  |  | 5638 |
| **Industrials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Air Arabia PJSC | 997604 | 1266 |
| **Real Estate — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Aldar Properties PJSC | 304433 | 721 |
| &nbsp;&nbsp;&nbsp;Emaar Development PJSC | 431660 | 1780 |
| &nbsp;&nbsp;&nbsp;Emaar Properties PJSC | 921970 | 3527 |
|  |  | 6028 |
| Total United Arab Emirates |  | 12932 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $287,767) ($ Thousands) |  | 350185 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **PREFERRED STOCK — 3.7%** |  |  |
| **Brazil — 2.0%** |  |  |
| **Energy — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Petroleo Brasileiro - Petrobras(A) | 668047 | $3757 |
| **Financials — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco Bradesco (A) | 288324 | 957 |
| &nbsp;&nbsp;&nbsp;Itau Unibanco Holding (A) | 213466 | 1528 |
| &nbsp;&nbsp;&nbsp;Itausa(A) | 494869 | 1055 |
|  |  | 3540 |
| Total Brazil |  | 7297 |
| **South Korea — 1.7%** |  |  |
| **Consumer Discretionary — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Hyundai Motor(A) | 10791 | 1543 |
| **Information Technology — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Samsung Electronics(A) | 76672 | 4748 |
| Total South Korea |  | 6291 |
| Total Preferred Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $11,918) ($ Thousands) |  | 13588 |
| Total Investments in Securities — 99.5% | Total Investments in Securities — 99.5% | Total Investments in Securities — 99.5% |
| &nbsp;&nbsp;&nbsp;(Cost $299,685) ($ Thousands) |  | $363773 |

---

Percentages are based on Net Assets of $365,493 ($ Thousands).

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

<sup>††</sup> Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

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

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

See "Glossary" for Abbreviations.

SEI Exchange Traded Funds 12

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select International Equity ETF**

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> — 99.1%** |  |  |
| **Australia — 2.7%** |  |  |
| **Consumer Discretionary — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Aristocrat Leisure | 28600 | $1109 |
| &nbsp;&nbsp;&nbsp;Eagers Automotive | 71778 | 1179 |
| &nbsp;&nbsp;&nbsp;Lottery | 323348 | 1113 |
| &nbsp;&nbsp;&nbsp;Super Retail Group | 109794 | 1174 |
|  |  | 4575 |
| **Financials — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Medibank Pvt | 499277 | 1595 |
| &nbsp;&nbsp;&nbsp;National Australia Bank | 48164 | 1359 |
| &nbsp;&nbsp;&nbsp;QBE Insurance Group | 91400 | 1212 |
|  |  | 4166 |
| **Health Care — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Cochlear | 6186 | 1075 |
| **Industrials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Brambles | 84369 | 1292 |
| **Materials — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Fortescue | 94638 | 1389 |
| &nbsp;&nbsp;&nbsp;Northern Star Resources | 150218 | 2678 |
| &nbsp;&nbsp;&nbsp;Perseus Mining | 423908 | 1606 |
| &nbsp;&nbsp;&nbsp;Rio Tinto | 20780 | 1675 |
|  |  | 7348 |
| **Real Estate — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Charter Hall Group <sup>‡</sup> | 106046 | 1729 |
| &nbsp;&nbsp;&nbsp;Dexus <sup>‡</sup> | 234174 | 1082 |
| &nbsp;&nbsp;&nbsp;GPT Group <sup>‡</sup> | 557604 | 2015 |
|  |  | 4826 |
| Total Australia |  | 23282 |
| **Austria — 1.2%** |  |  |
| **Energy — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;OMV | 21851 | 1220 |
| **Financials — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Erste Group Bank | 48616 | 5875 |
| **Industrials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;ANDRITZ | 15537 | 1218 |
| **Materials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;voestalpine | 39957 | 1773 |
| Total Austria |  | 10086 |
| **Belgium — 1.4%** |  |  |
| **Financials — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Ageas | 25282 | 1776 |
| &nbsp;&nbsp;&nbsp;KBC Group | 44439 | 5806 |
|  |  | 7582 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| **Health Care — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;UCB | 11719 | $3284 |
| **Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Umicore | 66391 | 1395 |
| Total Belgium |  | 12261 |
| **Brazil — 0.2%** |  |  |
| **Materials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Yara International | 51091 | 2097 |
| **China — 0.8%** |  |  |
| **Consumer Discretionary — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Prosus | 29353 | 1822 |
| **Consumer Staples — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Wilmar International | 444186 | 1064 |
| **Industrials — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;SITC International Holdings | 365568 | 1309 |
| &nbsp;&nbsp;&nbsp;Yangzijiang Shipbuilding Holdings | 1033359 | 2796 |
|  |  | 4105 |
| Total China |  | 6991 |
| **Denmark — 1.5%** |  |  |
| **Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Pandora | 7387 | 822 |
| **Financials — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Danske Bank | 144071 | 7217 |
| **Industrials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;AP Moller - Maersk, Cl A | 719 | 1655 |
| &nbsp;&nbsp;&nbsp;ISS | 39598 | 1353 |
| &nbsp;&nbsp;&nbsp;Per Aarsleff Holding | 11920 | 1638 |
|  |  | 4646 |
| Total Denmark |  | 12685 |
| **Finland — 2.0%** |  |  |
| **Financials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Nordea Bank Abp | 134996 | 2550 |
| **Industrials — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Kone, Cl B | 60458 | 4300 |
| &nbsp;&nbsp;&nbsp;Konecranes | 18426 | 2032 |
| &nbsp;&nbsp;&nbsp;Metso | 191534 | 3370 |
|  |  | 9702 |
| **Information Technology — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Nokia | 712880 | 4665 |
| Total Finland |  | 16917 |
| **France — 9.4%** |  |  |
| **Communication Services — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Orange | 78875 | 1315 |

---

13 SEI Exchange Traded Funds

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select International Equity ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Publicis Groupe | 31963 | $3327 |
| &nbsp;&nbsp;&nbsp;SES, Cl A | 187100 | 1215 |
|  |  | 5857 |
| **Consumer Discretionary — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Accor | 41499 | 2350 |
| &nbsp;&nbsp;&nbsp;Cie Generale des Etablissements Michelin SCA | 145968 | 4853 |
| &nbsp;&nbsp;&nbsp;Hermes International SCA | 465 | 1159 |
| &nbsp;&nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton | 6806 | 5156 |
| &nbsp;&nbsp;&nbsp;Renault | 25566 | 1064 |
|  |  | 14582 |
| **Consumer Staples — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Carrefour | 86621 | 1448 |
| &nbsp;&nbsp;&nbsp;Danone | 47386 | 4273 |
| &nbsp;&nbsp;&nbsp;L'Oreal | 2618 | 1127 |
|  |  | 6848 |
| **Energy — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;TotalEnergies | 21920 | 1431 |
| **Financials — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Amundi | 16473 | 1366 |
| &nbsp;&nbsp;&nbsp;AXA | 46437 | 2234 |
| &nbsp;&nbsp;&nbsp;BNP Paribas | 18168 | 1724 |
| &nbsp;&nbsp;&nbsp;SCOR | 38111 | 1286 |
| &nbsp;&nbsp;&nbsp;Societe Generale | 51994 | 4196 |
|  |  | 10806 |
| **Health Care — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Ipsen | 12414 | 1735 |
| &nbsp;&nbsp;&nbsp;Sanofi | 46072 | 4476 |
|  |  | 6211 |
| **Industrials — 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Airbus | 18088 | 4215 |
| &nbsp;&nbsp;&nbsp;Bouygues | 26344 | 1372 |
| &nbsp;&nbsp;&nbsp;Eiffage | 15194 | 2184 |
| &nbsp;&nbsp;&nbsp;Legrand | 32346 | 4834 |
| &nbsp;&nbsp;&nbsp;Rexel | 148411 | 5855 |
| &nbsp;&nbsp;&nbsp;Safran | 15336 | 5357 |
| &nbsp;&nbsp;&nbsp;Teleperformance | 38171 | 2772 |
| &nbsp;&nbsp;&nbsp;Thales | 4204 | 1135 |
|  |  | 27724 |
| **Information Technology — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Dassault Systemes | 25149 | 704 |
| **Materials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Arkema | 34780 | 2130 |
| **Real Estate — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Covivio <sup>‡</sup> | 18694 | 1244 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Klepierre <sup>‡</sup> | 56037 | $2220 |
|  |  | 3464 |
| **Utilities — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Engie | 64184 | 1689 |
| Total France |  | 81446 |
| **Germany — 8.7%** |  |  |
| **Communication Services — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;CTS Eventim & KGaA | 19002 | 1752 |
| &nbsp;&nbsp;&nbsp;Deutsche Telekom | 124059 | 4030 |
|  |  | 5782 |
| **Consumer Discretionary — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Auto1 Group <sup>\*</sup> | 40899 | 1311 |
| &nbsp;&nbsp;&nbsp;Continental | 28272 | 2257 |
| &nbsp;&nbsp;&nbsp;Mercedes-Benz Group | 77580 | 5473 |
|  |  | 9041 |
| **Financials — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Commerzbank | 89183 | 3781 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank | 37359 | 1453 |
| &nbsp;&nbsp;&nbsp;Deutsche Boerse | 18417 | 4839 |
| &nbsp;&nbsp;&nbsp;Muenchener Rueckversicherungs-Gesellschaft in Muenchen | 1865 | 1231 |
|  |  | 11304 |
| **Health Care — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Bayer | 133218 | 5791 |
| &nbsp;&nbsp;&nbsp;Fresenius Medical Care | 92821 | 4443 |
|  |  | 10234 |
| **Industrials — 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Daimler Truck Holding | 117420 | 5147 |
| &nbsp;&nbsp;&nbsp;Deutsche Lufthansa | 154548 | 1526 |
| &nbsp;&nbsp;&nbsp;GEA Group | 40454 | 2746 |
| &nbsp;&nbsp;&nbsp;MTU Aero Engines | 5073 | 2117 |
| &nbsp;&nbsp;&nbsp;Rheinmetall | 736 | 1349 |
| &nbsp;&nbsp;&nbsp;Siemens Energy <sup>\*</sup> | 49434 | 6990 |
|  |  | 19875 |
| **Information Technology — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;SAP | 14370 | 3516 |
| **Materials — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;BASF | 73139 | 3816 |
| &nbsp;&nbsp;&nbsp;Evonik Industries | 133198 | 2090 |
| &nbsp;&nbsp;&nbsp;Heidelberg Materials | 20861 | 5464 |
|  |  | 11370 |
| **Utilities — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;E.ON | 73330 | 1389 |
| &nbsp;&nbsp;&nbsp;RWE | 46494 | 2471 |
|  |  | 3860 |
| Total Germany |  | 74982 |

---

SEI Exchange Traded Funds 14

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select International Equity ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| **Hong Kong — 1.9%** |  |  |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;WH Group | 1159810 | $1292 |
| **Financials — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;AIA Group | 502967 | 5163 |
| &nbsp;&nbsp;&nbsp;Futu Holdings ADR <sup>\*</sup> | 16954 | 2784 |
| &nbsp;&nbsp;&nbsp;Hong Kong Exchanges & Clearing | 21400 | 1120 |
|  |  | 9067 |
| **Industrials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Jardine Matheson Holdings | 23372 | 1598 |
| &nbsp;&nbsp;&nbsp;Swire Pacific, Cl A | 112278 | 905 |
|  |  | 2503 |
| **Real Estate — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;CK Asset Holdings | 271272 | 1370 |
| &nbsp;&nbsp;&nbsp;Hongkong Land Holdings | 188893 | 1313 |
| &nbsp;&nbsp;&nbsp;Sun Hung Kai Properties | 88748 | 1080 |
|  |  | 3763 |
| Total Hong Kong |  | 16625 |
| **Ireland — 1.8%** |  |  |
| **Financials — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;AIB Group | 657462 | 7104 |
| &nbsp;&nbsp;&nbsp;Bank of Ireland Group | 441082 | 8483 |
|  |  | 15587 |
| Total Ireland |  | 15587 |
| **Israel — 1.2%** |  |  |
| **Energy — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Delek Group | 4624 | 1234 |
| **Financials — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Bank Hapoalim | 61898 | 1400 |
| &nbsp;&nbsp;&nbsp;Bank Leumi Le-Israel | 310005 | 6828 |
|  |  | 8228 |
| **Information Technology — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Check Point Software Technologies <sup>\*</sup> | 5710 | 1060 |
| Total Israel |  | 10522 |
| **Italy — 4.4%** |  |  |
| **Consumer Discretionary — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Ferrari | 3209 | 1201 |
| &nbsp;&nbsp;&nbsp;Lottomatica Group Spa | 48339 | 1272 |
| &nbsp;&nbsp;&nbsp;Technogym | 73212 | 1388 |
|  |  | 3861 |
| **Consumer Staples — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Coca-Cola HBC | 60771 | 3140 |
| **Energy — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Eni | 108658 | 2060 |
| &nbsp;&nbsp;&nbsp;Tenaris | 63072 | 1223 |
|  |  | 3283 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| **Financials — 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;FinecoBank Banca Fineco | 54067 | $1410 |
| &nbsp;&nbsp;&nbsp;Generali | 89687 | 3766 |
| &nbsp;&nbsp;&nbsp;Intesa Sanpaolo | 369227 | 2568 |
| &nbsp;&nbsp;&nbsp;Poste Italiane | 64787 | 1634 |
| &nbsp;&nbsp;&nbsp;UniCredit | 98490 | 8203 |
| &nbsp;&nbsp;&nbsp;Unipol Assicurazioni | 85540 | 2066 |
|  |  | 19647 |
| **Health Care — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Recordati Industria Chimica e Farmaceutica | 16791 | 957 |
| **Utilities — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;A2A | 473144 | 1284 |
| &nbsp;&nbsp;&nbsp;Enel | 422623 | 4406 |
| &nbsp;&nbsp;&nbsp;Italgas | 155156 | 1734 |
|  |  | 7424 |
| Total Italy |  | 38312 |
| **Japan — 21.4%** |  |  |
| **Communication Services — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Kakaku.com | 62190 | 917 |
| &nbsp;&nbsp;&nbsp;SKY Perfect JSAT Holdings | 94106 | 1197 |
|  |  | 2114 |
| **Consumer Discretionary — 5.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Aisin | 72760 | 1358 |
| &nbsp;&nbsp;&nbsp;Asics | 75581 | 1811 |
| &nbsp;&nbsp;&nbsp;Bandai Namco Holdings | 91357 | 2432 |
| &nbsp;&nbsp;&nbsp;Bridgestone | 145438 | 3260 |
| &nbsp;&nbsp;&nbsp;Food & Life | 32281 | 1630 |
| &nbsp;&nbsp;&nbsp;Haseko | 100471 | 1992 |
| &nbsp;&nbsp;&nbsp;Iida Group Holdings | 115218 | 1850 |
| &nbsp;&nbsp;&nbsp;Mazda Motor | 142943 | 1112 |
| &nbsp;&nbsp;&nbsp;Niterra | 51562 | 2267 |
| &nbsp;&nbsp;&nbsp;Panasonic Holdings | 124909 | 1612 |
| &nbsp;&nbsp;&nbsp;Rinnai | 50576 | 1278 |
| &nbsp;&nbsp;&nbsp;Ryohin Keikaku | 124860 | 2216 |
| &nbsp;&nbsp;&nbsp;Sankyo | 75776 | 1228 |
| &nbsp;&nbsp;&nbsp;Shimamura | 17420 | 1136 |
| &nbsp;&nbsp;&nbsp;Shimano | 13172 | 1389 |
| &nbsp;&nbsp;&nbsp;Subaru | 219424 | 4753 |
| &nbsp;&nbsp;&nbsp;Sumitomo Electric Industries | 125566 | 5067 |
| &nbsp;&nbsp;&nbsp;Suzuki Motor | 251298 | 3743 |
| &nbsp;&nbsp;&nbsp;Toyo Tire | 49890 | 1380 |
| &nbsp;&nbsp;&nbsp;USS | 171486 | 1878 |
| &nbsp;&nbsp;&nbsp;Yokohama Rubber | 37410 | 1436 |
|  |  | 44828 |
| **Consumer Staples — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Aeon | 304058 | 4805 |
| &nbsp;&nbsp;&nbsp;Suntory Beverage & Food | 99824 | 3010 |
|  |  | 7815 |

---

15 SEI Exchange Traded Funds

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select International Equity ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| **Energy — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;ENEOS Holdings | 198036 | $1399 |
| &nbsp;&nbsp;&nbsp;Inpex | 62111 | 1239 |
|  |  | 2638 |
| **Financials — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Fukuoka Financial Group | 34487 | 1115 |
| &nbsp;&nbsp;&nbsp;Japan Post Holdings | 171549 | 1806 |
| &nbsp;&nbsp;&nbsp;Japan Post Insurance | 44805 | 1347 |
| &nbsp;&nbsp;&nbsp;Mitsubishi UFJ Financial Group | 219195 | 3486 |
| &nbsp;&nbsp;&nbsp;Resona Holdings | 135596 | 1292 |
| &nbsp;&nbsp;&nbsp;Sumitomo Mitsui Financial Group | 62334 | 2005 |
|  |  | 11051 |
| **Health Care — 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Chugai Pharmaceutical | 60398 | 3176 |
| &nbsp;&nbsp;&nbsp;Hoya | 8325 | 1258 |
| &nbsp;&nbsp;&nbsp;Olympus | 249875 | 3164 |
| &nbsp;&nbsp;&nbsp;Shionogi | 289020 | 5238 |
| &nbsp;&nbsp;&nbsp;Takeda Pharmaceutical | 44755 | 1381 |
|  |  | 14217 |
| **Industrials — 5.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Amada | 101860 | 1203 |
| &nbsp;&nbsp;&nbsp;Central Japan Railway | 75084 | 2077 |
| &nbsp;&nbsp;&nbsp;COMSYS Holdings | 49084 | 1426 |
| &nbsp;&nbsp;&nbsp;Dai Nippon Printing | 81688 | 1404 |
| &nbsp;&nbsp;&nbsp;Daikin Industries | 26865 | 3442 |
| &nbsp;&nbsp;&nbsp;EXEO Group | 91503 | 1517 |
| &nbsp;&nbsp;&nbsp;Fujikura | 17439 | 1940 |
| &nbsp;&nbsp;&nbsp;INFRONEER Holdings | 103964 | 1418 |
| &nbsp;&nbsp;&nbsp;Kajima | 96890 | 3607 |
| &nbsp;&nbsp;&nbsp;Kamigumi | 40692 | 1314 |
| &nbsp;&nbsp;&nbsp;Kanematsu | 115432 | 1325 |
| &nbsp;&nbsp;&nbsp;Kinden | 34855 | 1510 |
| &nbsp;&nbsp;&nbsp;Komatsu | 50113 | 1599 |
| &nbsp;&nbsp;&nbsp;Kubota | 143180 | 2025 |
| &nbsp;&nbsp;&nbsp;MINEBEA MITSUMI | 162352 | 3253 |
| &nbsp;&nbsp;&nbsp;NGK Insulators | 67303 | 1439 |
| &nbsp;&nbsp;&nbsp;Obayashi | 153463 | 3201 |
| &nbsp;&nbsp;&nbsp;Penta-Ocean Construction | 124578 | 1252 |
| &nbsp;&nbsp;&nbsp;Recruit Holdings | 20513 | 1158 |
| &nbsp;&nbsp;&nbsp;Shimizu | 127152 | 2165 |
| &nbsp;&nbsp;&nbsp;Sumitomo | 43098 | 1488 |
| &nbsp;&nbsp;&nbsp;Taisei | 42886 | 4059 |
| &nbsp;&nbsp;&nbsp;Toyota Tsusho | 173069 | 5823 |
|  |  | 49645 |
| **Information Technology — 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Advantest | 10860 | 1360 |
| &nbsp;&nbsp;&nbsp;BIPROGY | 30474 | 1053 |
| &nbsp;&nbsp;&nbsp;Brother Industries | 55767 | 1111 |
| &nbsp;&nbsp;&nbsp;Canon | 94397 | 2790 |
| &nbsp;&nbsp;&nbsp;Keyence | 5197 | 1879 |
| &nbsp;&nbsp;&nbsp;Murata Manufacturing | 390753 | 8092 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;NEC | 106066 | $3593 |
| &nbsp;&nbsp;&nbsp;Obic | 37424 | 1175 |
| &nbsp;&nbsp;&nbsp;Seiko Epson | 81640 | 1033 |
| &nbsp;&nbsp;&nbsp;TDK | 300794 | 4243 |
| &nbsp;&nbsp;&nbsp;TIS | 63319 | 2124 |
|  |  | 28453 |
| **Materials — 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Asahi Kasei | 287100 | 2544 |
| &nbsp;&nbsp;&nbsp;JFE Holdings | 81856 | 1043 |
| &nbsp;&nbsp;&nbsp;Kobe Steel | 90334 | 1193 |
| &nbsp;&nbsp;&nbsp;Mitsubishi Chemical Group | 234072 | 1367 |
| &nbsp;&nbsp;&nbsp;Mitsui Chemicals | 101372 | 1295 |
| &nbsp;&nbsp;&nbsp;Nippon Mining | 167888 | 2099 |
| &nbsp;&nbsp;&nbsp;Nippon Steel | 463723 | 1899 |
| &nbsp;&nbsp;&nbsp;Nitto Denko | 52116 | 1235 |
| &nbsp;&nbsp;&nbsp;Tosoh | 73176 | 1098 |
|  |  | 13773 |
| **Real Estate — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Daiwa House Industry | 38244 | 1268 |
| &nbsp;&nbsp;&nbsp;Sumitomo Realty & Development | 165366 | 4149 |
|  |  | 5417 |
| **Utilities — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Chubu Electric Power | 96911 | 1491 |
| &nbsp;&nbsp;&nbsp;Kansai Electric Power | 99413 | 1557 |
| &nbsp;&nbsp;&nbsp;Kyushu Electric Power | 107534 | 1152 |
| &nbsp;&nbsp;&nbsp;Tokyo Electric Power Holdings <sup>\*</sup> | 238536 | 1000 |
|  |  | 5200 |
| Total Japan |  | 185151 |
| **Luxembourg — 1.0%** |  |  |
| **Materials — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;ArcelorMittal | 180061 | 8266 |
| **Macao — 0.3%** |  |  |
| **Consumer Discretionary — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Galaxy Entertainment Group | 563127 | 2772 |
| **Netherlands — 4.0%** |  |  |
| **Communication Services — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Universal Music Group | 54094 | 1412 |
| **Consumer Staples — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Koninklijke Ahold Delhaize | 56967 | 2333 |
| **Financials — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Aegon | 170080 | 1327 |
| &nbsp;&nbsp;&nbsp;Euronext | 16179 | 2432 |
| &nbsp;&nbsp;&nbsp;ING Groep | 359163 | 10128 |
| &nbsp;&nbsp;&nbsp;NN Group | 22616 | 1746 |
|  |  | 15633 |

---

SEI Exchange Traded Funds 16

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select International Equity ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| **Health Care — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Argenx <sup>\*</sup> | 1491 | $1255 |
| &nbsp;&nbsp;&nbsp;Koninklijke Philips | 97323 | 2657 |
|  |  | 3912 |
| **Industrials — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Koninklijke BAM Groep | 136909 | 1495 |
| &nbsp;&nbsp;&nbsp;Randstad | 44088 | 1676 |
| &nbsp;&nbsp;&nbsp;Wolters Kluwer | 25618 | 2658 |
|  |  | 5829 |
| **Information Technology — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;ASML Holding | 5371 | 5812 |
| Total Netherlands |  | 34931 |
| **New Zealand — 0.2%** |  |  |
| **Health Care — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Fisher & Paykel Healthcare | 67826 | 1472 |
| **Norway — 1.0%** |  |  |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Orkla | 172797 | 1927 |
| **Energy — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Equinor | 220480 | 5181 |
| **Financials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;DNB Bank | 47230 | 1318 |
| Total Norway |  | 8426 |
| **Portugal — 0.4%** |  |  |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Jeronimo Martins SGPS | 89066 | 2119 |
| **Financials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco Comercial Portugues, Cl R | 1372314 | 1445 |
| Total Portugal |  | 3564 |
| **Singapore — 1.0%** |  |  |
| **Financials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;DBS Group Holdings | 29899 | 1311 |
| &nbsp;&nbsp;&nbsp;Oversea-Chinese Banking | 89618 | 1377 |
| &nbsp;&nbsp;&nbsp;United Overseas Bank | 73146 | 1994 |
|  |  | 4682 |
| **Industrials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Singapore Airlines | 212531 | 1058 |
| &nbsp;&nbsp;&nbsp;Singapore Technologies Engineering | 407732 | 2669 |
|  |  | 3727 |
| Total Singapore |  | 8409 |
| **Spain — 3.9%** |  |  |
| **Consumer Discretionary — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Amadeus IT Group | 45314 | 3344 |
| &nbsp;&nbsp;&nbsp;Industria de Diseno Textil | 19876 | 1315 |
|  |  | 4659 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| **Energy — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Repsol | 267748 | $5008 |
| **Financials — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Banco Bilbao Vizcaya Argentaria | 288626 | 6796 |
| &nbsp;&nbsp;&nbsp;Banco Santander | 403550 | 4773 |
| &nbsp;&nbsp;&nbsp;CaixaBank | 297595 | 3651 |
|  |  | 15220 |
| **Industrials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;ACS Actividades de Construccion y Servicios | 39498 | 3936 |
| &nbsp;&nbsp;&nbsp;Aena SME | 44904 | 1256 |
|  |  | 5192 |
| **Information Technology — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Indra Sistemas | 22082 | 1259 |
| **Utilities — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Enagas | 76089 | 1175 |
| &nbsp;&nbsp;&nbsp;Iberdrola | 58549 | 1270 |
|  |  | 2445 |
| Total Spain |  | 33783 |
| **Sweden — 1.5%** |  |  |
| **Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Evolution | 11090 | 758 |
| **Financials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Avanza Bank Holding | 32730 | 1253 |
| &nbsp;&nbsp;&nbsp;Skandinaviska Enskilda Banken, Cl A | 90990 | 1926 |
| &nbsp;&nbsp;&nbsp;Swedbank | 52216 | 1819 |
|  |  | 4998 |
| **Industrials — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Assa Abloy, Cl B | 33528 | 1305 |
| &nbsp;&nbsp;&nbsp;Atlas Copco, Cl A | 64243 | 1157 |
| &nbsp;&nbsp;&nbsp;Atlas Copco, Cl B | 229511 | 3710 |
| &nbsp;&nbsp;&nbsp;Saab, Cl B | 22996 | 1341 |
|  |  | 7513 |
| Total Sweden |  | 13269 |
| **Switzerland — 7.5%** |  |  |
| **Consumer Discretionary — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Cie Financiere Richemont, Cl A | 28323 | 6151 |
| **Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Nestle | 17396 | 1729 |
| **Financials — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Helvetia Baloise Holding | 8858 | 2339 |
| &nbsp;&nbsp;&nbsp;Julius Baer Group | 66244 | 5218 |
| &nbsp;&nbsp;&nbsp;Swiss Re | 9323 | 1563 |
| &nbsp;&nbsp;&nbsp;UBS Group | 126544 | 5903 |

---

17 SEI Exchange Traded Funds

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2025

**SEI Select International Equity ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Zurich Insurance Group | 2750 | $2089 |
|  |  | 17112 |
| **Health Care — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Galenica | 11312 | 1395 |
| &nbsp;&nbsp;&nbsp;Lonza Group | 1761 | 1195 |
| &nbsp;&nbsp;&nbsp;Novartis | 80823 | 11181 |
| &nbsp;&nbsp;&nbsp;Roche Holding | 20508 | 8496 |
| &nbsp;&nbsp;&nbsp;Sandoz Group | 39146 | 2858 |
| &nbsp;&nbsp;&nbsp;Sonova Holding | 4428 | 1158 |
|  |  | 26283 |
| **Industrials — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Adecco Group | 48284 | 1409 |
| &nbsp;&nbsp;&nbsp;Geberit | 1865 | 1459 |
| &nbsp;&nbsp;&nbsp;Huber + Suhner | 7060 | 1290 |
| &nbsp;&nbsp;&nbsp;Kardex Holding | 3246 | 1133 |
| &nbsp;&nbsp;&nbsp;Schindler Holding | 3624 | 1369 |
| &nbsp;&nbsp;&nbsp;SGS | 11312 | 1297 |
|  |  | 7957 |
| **Information Technology — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Logitech International | 45015 | 4633 |
| **Materials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Sika | 6524 | 1339 |
| Total Switzerland |  | 65204 |
| **United Kingdom — 19.7%** |  |  |
| **Communication Services — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Airtel Africa | 326224 | 1559 |
| &nbsp;&nbsp;&nbsp;Auto Trader Group | 92101 | 726 |
| &nbsp;&nbsp;&nbsp;Vodafone Group | 1622013 | 2157 |
|  |  | 4442 |
| **Consumer Discretionary — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Berkeley Group Holdings | 21837 | 1147 |
| &nbsp;&nbsp;&nbsp;Compass Group | 108245 | 3442 |
| &nbsp;&nbsp;&nbsp;Games Workshop Group | 13778 | 3506 |
| &nbsp;&nbsp;&nbsp;Inchcape | 107277 | 1110 |
| &nbsp;&nbsp;&nbsp;InterContinental Hotels Group | 9854 | 1386 |
| &nbsp;&nbsp;&nbsp;Kingfisher | 324457 | 1365 |
| &nbsp;&nbsp;&nbsp;Next | 28364 | 5219 |
|  |  | 17175 |
| **Consumer Staples — 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp;British American Tobacco | 23026 | 1305 |
| &nbsp;&nbsp;&nbsp;Cranswick | 17388 | 1159 |
| &nbsp;&nbsp;&nbsp;Diageo | 76514 | 1650 |
| &nbsp;&nbsp;&nbsp;Imperial Brands | 30718 | 1289 |
| &nbsp;&nbsp;&nbsp;J Sainsbury | 1295110 | 5661 |
| &nbsp;&nbsp;&nbsp;Magnum Ice Cream <sup>\*</sup> | 3931 | 62 |
| &nbsp;&nbsp;&nbsp;Marks & Spencer Group | 631634 | 2804 |
| &nbsp;&nbsp;&nbsp;Premier Foods | 407511 | 946 |
| &nbsp;&nbsp;&nbsp;Reckitt Benckiser Group | 92993 | 7507 |
| &nbsp;&nbsp;&nbsp;Tesco | 1147675 | 6820 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Unilever | 17452 | $1141 |
|  |  | 30344 |
| **Energy — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Shell | 163779 | 6036 |
| **Financials — 6.2%** |  |  |
| &nbsp;&nbsp;&nbsp;AJ Bell | 166836 | 990 |
| &nbsp;&nbsp;&nbsp;Barclays | 2002453 | 12819 |
| &nbsp;&nbsp;&nbsp;HSBC Holdings | 949664 | 14993 |
| &nbsp;&nbsp;&nbsp;Investec | 145465 | 1079 |
| &nbsp;&nbsp;&nbsp;Lion Finance Group | 10240 | 1281 |
| &nbsp;&nbsp;&nbsp;London Stock Exchange Group | 23532 | 2834 |
| &nbsp;&nbsp;&nbsp;NatWest Group | 880297 | 7718 |
| &nbsp;&nbsp;&nbsp;Paragon Banking Group | 94265 | 1083 |
| &nbsp;&nbsp;&nbsp;Standard Chartered | 442864 | 10853 |
|  |  | 53650 |
| **Health Care — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;AstraZeneca | 44426 | 8240 |
| &nbsp;&nbsp;&nbsp;Convatec Group | 713356 | 2334 |
| &nbsp;&nbsp;&nbsp;GSK | 454507 | 11154 |
|  |  | 21728 |
| **Industrials — 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Balfour Beatty | 198827 | 1901 |
| &nbsp;&nbsp;&nbsp;CK Hutchison Holdings | 196916 | 1340 |
| &nbsp;&nbsp;&nbsp;Experian | 104783 | 4740 |
| &nbsp;&nbsp;&nbsp;Howden Joinery Group | 356935 | 3997 |
| &nbsp;&nbsp;&nbsp;International Consolidated Airlines Group | 525052 | 2929 |
| &nbsp;&nbsp;&nbsp;JET2 | 48451 | 915 |
| &nbsp;&nbsp;&nbsp;RELX | 22975 | 933 |
| &nbsp;&nbsp;&nbsp;Rentokil Initial | 577518 | 3476 |
| &nbsp;&nbsp;&nbsp;Rolls-Royce Holdings | 226034 | 3496 |
| &nbsp;&nbsp;&nbsp;Serco Group | 394470 | 1481 |
|  |  | 25208 |
| **Information Technology — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Halma | 67617 | 3218 |
| &nbsp;&nbsp;&nbsp;Sage Group | 80004 | 1165 |
|  |  | 4383 |
| **Materials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Hill & Smith | 41328 | 1190 |
| &nbsp;&nbsp;&nbsp;Pan African Resources | 1015976 | 1653 |
|  |  | 2843 |
| **Real Estate — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Land Securities Group <sup>‡</sup> | 147548 | 1234 |
| **Utilities — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Centrica | 676318 | 1543 |

---

SEI Exchange Traded Funds 18

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select International Equity ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK<sup>††</sup> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Drax Group | 124726 | $1404 |
|  |  | 2947 |
| Total United Kingdom |  | 169990 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $717,342) ($ Thousands) |  | 857030 |
| **PREFERRED STOCK — 0.4%** |  |  |
| **Germany — 0.4%** |  |  |
| **Consumer Discretionary — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Bayerische Motoren Werke (A) | 13084 | 1406 |
| &nbsp;&nbsp;&nbsp;Volkswagen(A) | 17390 | 2115 |
|  |  | 3521 |
| Total Preferred Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,027) ($ Thousands) |  | 3521 |
| Total Investments in Securities — 99.5% | Total Investments in Securities — 99.5% | Total Investments in Securities — 99.5% |
| &nbsp;&nbsp;&nbsp;(Cost $720,369) ($ Thousands) |  | $860551 |

---

Percentages are based on Net Assets of $864,569 ($ Thousands).

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

<sup>††</sup> Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

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

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

See "Glossary" for Abbreviations.

19 SEI Exchange Traded Funds

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select Small Cap ETF**

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK — 99.6%** |  |  |
| **Communication Services — 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Angi, Cl A <sup>\*</sup> | 34529 | $446 |
| &nbsp;&nbsp;&nbsp;Bandwidth, Cl A <sup>\*</sup> | 19230 | 297 |
| &nbsp;&nbsp;&nbsp;Cable One | 3564 | 402 |
| &nbsp;&nbsp;&nbsp;Cargurus, Cl A <sup>\*</sup> | 49711 | 1906 |
| &nbsp;&nbsp;&nbsp;EverQuote, Cl A <sup>\*</sup> | 19225 | 519 |
| &nbsp;&nbsp;&nbsp;Gogo <sup>\*</sup> | 35620 | 166 |
| &nbsp;&nbsp;&nbsp;Lumen Technologies <sup>\*</sup> | 60036 | 467 |
| &nbsp;&nbsp;&nbsp;Scholastic | 22833 | 677 |
| &nbsp;&nbsp;&nbsp;Yelp, Cl A <sup>\*</sup> | 41787 | 1270 |
|  |  | 6150 |
| **Consumer Discretionary — 13.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Abercrombie & Fitch, Cl A <sup>\*</sup> | 25228 | 3176 |
| &nbsp;&nbsp;&nbsp;Adient <sup>\*</sup> | 33568 | 644 |
| &nbsp;&nbsp;&nbsp;Adtalem Global Education <sup>\*</sup> | 28362 | 2935 |
| &nbsp;&nbsp;&nbsp;Advance Auto Parts | 11512 | 452 |
| &nbsp;&nbsp;&nbsp;American Axle & Manufacturing Holdings <sup>\*</sup> | 100492 | 644 |
| &nbsp;&nbsp;&nbsp;American Eagle Outfitters | 110575 | 2916 |
| &nbsp;&nbsp;&nbsp;American Public Education <sup>\*</sup> | 16557 | 626 |
| &nbsp;&nbsp;&nbsp;Bloomin' Brands | 93099 | 574 |
| &nbsp;&nbsp;&nbsp;Boot Barn Holdings <sup>\*</sup> | 3324 | 587 |
| &nbsp;&nbsp;&nbsp;Brinker International <sup>\*</sup> | 23796 | 3415 |
| &nbsp;&nbsp;&nbsp;Burlington Stores <sup>\*</sup> | 4839 | 1398 |
| &nbsp;&nbsp;&nbsp;Cavco Industries <sup>\*</sup> | 2968 | 1753 |
| &nbsp;&nbsp;&nbsp;Champion Homes <sup>\*</sup> | 7353 | 621 |
| &nbsp;&nbsp;&nbsp;Cooper-Standard Holdings <sup>\*</sup> | 20794 | 683 |
| &nbsp;&nbsp;&nbsp;Ethan Allen Interiors | 19071 | 436 |
| &nbsp;&nbsp;&nbsp;Figs, Cl A <sup>\*</sup> | 59087 | 671 |
| &nbsp;&nbsp;&nbsp;Garrett Motion | 63728 | 1111 |
| &nbsp;&nbsp;&nbsp;GigaCloud Technology, Cl A <sup>\*</sup> | 20227 | 795 |
| &nbsp;&nbsp;&nbsp;G-III Apparel Group | 24307 | 704 |
| &nbsp;&nbsp;&nbsp;Goodyear Tire & Rubber <sup>\*</sup> | 48533 | 425 |
| &nbsp;&nbsp;&nbsp;Kontoor Brands | 22791 | 1392 |
| &nbsp;&nbsp;&nbsp;Laureate Education, Cl A <sup>\*</sup> | 49826 | 1678 |
| &nbsp;&nbsp;&nbsp;La-Z-Boy, Cl Z | 28942 | 1079 |
| &nbsp;&nbsp;&nbsp;LCI Industries | 8748 | 1062 |
| &nbsp;&nbsp;&nbsp;Meritage Homes | 15543 | 1023 |
| &nbsp;&nbsp;&nbsp;Monarch Casino & Resort | 6343 | 607 |
| &nbsp;&nbsp;&nbsp;Ollie's Bargain Outlet Holdings <sup>\*</sup> | 11676 | 1280 |
| &nbsp;&nbsp;&nbsp;Peloton Interactive, Cl A <sup>\*</sup> | 82022 | 505 |
| &nbsp;&nbsp;&nbsp;Perdoceo Education | 17402 | 510 |
| &nbsp;&nbsp;&nbsp;Polaris | 33661 | 2129 |
| &nbsp;&nbsp;&nbsp;Pool | 1835 | 420 |
| &nbsp;&nbsp;&nbsp;Sally Beauty Holdings <sup>\*</sup> | 38734 | 552 |
| &nbsp;&nbsp;&nbsp;Solid Power <sup>\*</sup> | 115373 | 490 |
| &nbsp;&nbsp;&nbsp;Standard Motor Products | 22098 | 814 |
| &nbsp;&nbsp;&nbsp;Steven Madden | 26305 | 1095 |
| &nbsp;&nbsp;&nbsp;Stride <sup>\*</sup> | 11345 | 737 |
| &nbsp;&nbsp;&nbsp;Super Group SGHC | 55986 | 669 |
| &nbsp;&nbsp;&nbsp;Taylor Morrison Home, Cl A <sup>\*</sup> | 42658 | 2511 |
| &nbsp;&nbsp;&nbsp;Urban Outfitters <sup>\*</sup> | 49260 | 3707 |
| &nbsp;&nbsp;&nbsp;Visteon | 13674 | 1300 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Whirlpool | 24873 | $1794 |
|  |  | 49920 |
| **Consumer Staples — 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Cal-Maine Foods | 9891 | 787 |
| &nbsp;&nbsp;&nbsp;Church & Dwight | 8368 | 702 |
| &nbsp;&nbsp;&nbsp;Energizer Holdings | 53861 | 1071 |
| &nbsp;&nbsp;&nbsp;Herbalife <sup>\*</sup> | 94444 | 1217 |
| &nbsp;&nbsp;&nbsp;Mission Produce <sup>\*</sup> | 50342 | 584 |
| &nbsp;&nbsp;&nbsp;Nu Skin Enterprises, Cl A | 53503 | 515 |
| &nbsp;&nbsp;&nbsp;Pilgrim's Pride | 11420 | 445 |
| &nbsp;&nbsp;&nbsp;Seneca Foods, Cl A <sup>\*</sup> | 5525 | 611 |
| &nbsp;&nbsp;&nbsp;Turning Point Brands | 8128 | 881 |
| &nbsp;&nbsp;&nbsp;United Natural Foods <sup>\*</sup> | 20063 | 676 |
| &nbsp;&nbsp;&nbsp;Vital Farms <sup>\*</sup> | 39158 | 1251 |
|  |  | 8740 |
| **Energy — 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Archrock | 27119 | 706 |
| &nbsp;&nbsp;&nbsp;Ardmore Shipping | 50124 | 531 |
| &nbsp;&nbsp;&nbsp;California Resources | 11629 | 520 |
| &nbsp;&nbsp;&nbsp;CNX Resources <sup>\*</sup> | 17821 | 655 |
| &nbsp;&nbsp;&nbsp;Crescent Energy, Cl A | 61921 | 519 |
| &nbsp;&nbsp;&nbsp;CVR Energy <sup>\*</sup> | 16157 | 411 |
| &nbsp;&nbsp;&nbsp;Delek US Holdings | 57618 | 1709 |
| &nbsp;&nbsp;&nbsp;Innovex International <sup>\*</sup> | 36587 | 800 |
| &nbsp;&nbsp;&nbsp;Murphy Oil | 30445 | 951 |
| &nbsp;&nbsp;&nbsp;Northern Oil & Gas | 33495 | 719 |
| &nbsp;&nbsp;&nbsp;Par Pacific Holdings <sup>\*</sup> | 37051 | 1302 |
| &nbsp;&nbsp;&nbsp;PBF Energy, Cl A | 15344 | 416 |
| &nbsp;&nbsp;&nbsp;SandRidge Energy | 32755 | 473 |
| &nbsp;&nbsp;&nbsp;Scorpio Tankers | 16674 | 848 |
| &nbsp;&nbsp;&nbsp;Solaris Energy Infrastructure, Cl A | 12589 | 579 |
| &nbsp;&nbsp;&nbsp;Talos Energy <sup>\*</sup> | 82027 | 904 |
| &nbsp;&nbsp;&nbsp;Teekay | 70691 | 638 |
|  |  | 12681 |
| **Financials — 19.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Acadian Asset Management | 32020 | 1505 |
| &nbsp;&nbsp;&nbsp;Axos Financial <sup>\*</sup> | 8311 | 716 |
| &nbsp;&nbsp;&nbsp;Banco Latinoamericano de Comercio Exterior, Cl E | 16530 | 737 |
| &nbsp;&nbsp;&nbsp;Bancorp <sup>\*</sup> | 8795 | 594 |
| &nbsp;&nbsp;&nbsp;Bank of NT Butterfield & Son | 30820 | 1536 |
| &nbsp;&nbsp;&nbsp;Bread Financial Holdings | 18687 | 1383 |
| &nbsp;&nbsp;&nbsp;Bridgewater Bancshares <sup>\*</sup> | 24788 | 435 |
| &nbsp;&nbsp;&nbsp;Camden National | 20727 | 899 |
| &nbsp;&nbsp;&nbsp;Central Pacific Financial | 23821 | 742 |
| &nbsp;&nbsp;&nbsp;Chimera Investment <sup>‡</sup> | 20792 | 259 |
| &nbsp;&nbsp;&nbsp;CNO Financial Group | 137348 | 5833 |
| &nbsp;&nbsp;&nbsp;Columbia Banking System | 94348 | 2637 |
| &nbsp;&nbsp;&nbsp;Community Trust Bancorp | 16597 | 938 |
| &nbsp;&nbsp;&nbsp;ConnectOne Bancorp | 41810 | 1096 |
| &nbsp;&nbsp;&nbsp;Customers Bancorp <sup>\*</sup> | 11683 | 854 |

---

SEI Exchange Traded Funds 20

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select Small Cap ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Dave <sup>\*</sup> | 7115 | $1575 |
| &nbsp;&nbsp;&nbsp;Encore Capital Group <sup>\*</sup> | 19131 | 1040 |
| &nbsp;&nbsp;&nbsp;Enova International <sup>\*</sup> | 27861 | 4380 |
| &nbsp;&nbsp;&nbsp;EVERTEC | 20825 | 606 |
| &nbsp;&nbsp;&nbsp;First Commonwealth Financial | 55733 | 940 |
| &nbsp;&nbsp;&nbsp;First Financial | 8596 | 519 |
| &nbsp;&nbsp;&nbsp;First Financial Bancorp | 39644 | 992 |
| &nbsp;&nbsp;&nbsp;FirstCash Holdings | 10233 | 1631 |
| &nbsp;&nbsp;&nbsp;FNB | 87878 | 1503 |
| &nbsp;&nbsp;&nbsp;Great Southern Bancorp | 9120 | 561 |
| &nbsp;&nbsp;&nbsp;Hancock Whitney | 17273 | 1100 |
| &nbsp;&nbsp;&nbsp;Heritage Insurance Holdings <sup>\*</sup> | 19884 | 582 |
| &nbsp;&nbsp;&nbsp;Independent Bank | 17163 | 558 |
| &nbsp;&nbsp;&nbsp;Jackson Financial, Cl A | 33058 | 3526 |
| &nbsp;&nbsp;&nbsp;Kinsale Capital Group | 1543 | 604 |
| &nbsp;&nbsp;&nbsp;Lemonade <sup>\*</sup> | 18571 | 1322 |
| &nbsp;&nbsp;&nbsp;LendingTree <sup>\*</sup> | 5978 | 317 |
| &nbsp;&nbsp;&nbsp;Lincoln National | 65909 | 2935 |
| &nbsp;&nbsp;&nbsp;Marqeta, Cl A <sup>\*</sup> | 496487 | 2358 |
| &nbsp;&nbsp;&nbsp;Mercantile Bank | 5996 | 288 |
| &nbsp;&nbsp;&nbsp;Metropolitan Bank Holding | 7247 | 553 |
| &nbsp;&nbsp;&nbsp;Navient | 38721 | 503 |
| &nbsp;&nbsp;&nbsp;NBT Bancorp | 31437 | 1305 |
| &nbsp;&nbsp;&nbsp;NerdWallet, Cl A <sup>\*</sup> | 40581 | 550 |
| &nbsp;&nbsp;&nbsp;Nicolet Bankshares | 10373 | 1258 |
| &nbsp;&nbsp;&nbsp;Northeast Bank | 5633 | 586 |
| &nbsp;&nbsp;&nbsp;OFG Bancorp | 20329 | 833 |
| &nbsp;&nbsp;&nbsp;Old National Bancorp | 203271 | 4535 |
| &nbsp;&nbsp;&nbsp;Palomar Holdings <sup>\*</sup> | 4394 | 592 |
| &nbsp;&nbsp;&nbsp;Pathward Financial | 14227 | 1010 |
| &nbsp;&nbsp;&nbsp;Piper Sandler | 1867 | 634 |
| &nbsp;&nbsp;&nbsp;PJT Partners | 3787 | 633 |
| &nbsp;&nbsp;&nbsp;Preferred Bank | 6237 | 589 |
| &nbsp;&nbsp;&nbsp;PROG Holdings | 27002 | 796 |
| &nbsp;&nbsp;&nbsp;Root, Cl A <sup>\*</sup> | 4560 | 329 |
| &nbsp;&nbsp;&nbsp;Ryan Specialty Holdings, Cl A | 8977 | 464 |
| &nbsp;&nbsp;&nbsp;Sierra Bancorp | 13208 | 432 |
| &nbsp;&nbsp;&nbsp;Southern Missouri Bancorp | 11229 | 664 |
| &nbsp;&nbsp;&nbsp;StoneCo, Cl A <sup>\*</sup> | 33943 | 502 |
| &nbsp;&nbsp;&nbsp;StoneX Group <sup>\*</sup> | 6279 | 597 |
| &nbsp;&nbsp;&nbsp;Tompkins Financial | 12449 | 903 |
| &nbsp;&nbsp;&nbsp;Towne Bank | 15640 | 522 |
| &nbsp;&nbsp;&nbsp;UMB Financial | 24450 | 2813 |
| &nbsp;&nbsp;&nbsp;Unity Bancorp | 9620 | 498 |
| &nbsp;&nbsp;&nbsp;Universal Insurance Holdings | 23788 | 804 |
| &nbsp;&nbsp;&nbsp;Univest Financial | 28441 | 931 |
| &nbsp;&nbsp;&nbsp;Victory Capital Holdings, Cl A | 11476 | 724 |
| &nbsp;&nbsp;&nbsp;WisdomTree | 133457 | 1627 |
| &nbsp;&nbsp;&nbsp;Zions Bancorp | 39262 | 2298 |
|  |  | 75986 |
| **Health Care — 16.5%** |  |  |
| &nbsp;&nbsp;&nbsp;ACADIA Pharmaceuticals <sup>\*</sup> | 48353 | 1291 |
| &nbsp;&nbsp;&nbsp;Adaptive Biotechnologies <sup>\*</sup> | 45281 | 735 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Addus HomeCare <sup>\*</sup> | 8206 | $881 |
| &nbsp;&nbsp;&nbsp;ADMA Biologics <sup>\*</sup> | 48895 | 892 |
| &nbsp;&nbsp;&nbsp;Akebia Therapeutics <sup>\*</sup> | 147612 | 238 |
| &nbsp;&nbsp;&nbsp;Alignment Healthcare <sup>\*</sup> | 113429 | 2240 |
| &nbsp;&nbsp;&nbsp;Alkermes <sup>\*</sup> | 25474 | 713 |
| &nbsp;&nbsp;&nbsp;Amneal Pharmaceuticals <sup>\*</sup> | 96681 | 1218 |
| &nbsp;&nbsp;&nbsp;ANI Pharmaceuticals <sup>\*</sup> | 22005 | 1737 |
| &nbsp;&nbsp;&nbsp;Arcturus Therapeutics Holdings <sup>\*</sup> | 28411 | 174 |
| &nbsp;&nbsp;&nbsp;Arcutis Biotherapeutics <sup>\*</sup> | 31983 | 929 |
| &nbsp;&nbsp;&nbsp;Aurinia Pharmaceuticals <sup>\*</sup> | 70974 | 1132 |
| &nbsp;&nbsp;&nbsp;Axogen <sup>\*</sup> | 19879 | 651 |
| &nbsp;&nbsp;&nbsp;Bio-Techne | 10488 | 617 |
| &nbsp;&nbsp;&nbsp;Bridgebio Pharma <sup>\*</sup> | 59967 | 4587 |
| &nbsp;&nbsp;&nbsp;CareDx <sup>\*</sup> | 30494 | 574 |
| &nbsp;&nbsp;&nbsp;Catalyst Pharmaceuticals <sup>\*</sup> | 45249 | 1056 |
| &nbsp;&nbsp;&nbsp;Certara <sup>\*</sup> | 66183 | 583 |
| &nbsp;&nbsp;&nbsp;Collegium Pharmaceutical <sup>\*</sup> | 35136 | 1627 |
| &nbsp;&nbsp;&nbsp;Corcept Therapeutics <sup>\*</sup> | 17269 | 601 |
| &nbsp;&nbsp;&nbsp;Emergent BioSolutions <sup>\*</sup> | 50254 | 621 |
| &nbsp;&nbsp;&nbsp;GeneDx Holdings, Cl A <sup>\*</sup> | 3673 | 478 |
| &nbsp;&nbsp;&nbsp;Globus Medical, Cl A <sup>\*</sup> | 14865 | 1298 |
| &nbsp;&nbsp;&nbsp;Guardant Health <sup>\*</sup> | 9239 | 944 |
| &nbsp;&nbsp;&nbsp;Haemonetics <sup>\*</sup> | 14945 | 1198 |
| &nbsp;&nbsp;&nbsp;Halozyme Therapeutics <sup>\*</sup> | 45276 | 3047 |
| &nbsp;&nbsp;&nbsp;HealthEquity <sup>\*</sup> | 6846 | 627 |
| &nbsp;&nbsp;&nbsp;ICU Medical <sup>\*</sup> | 4610 | 658 |
| &nbsp;&nbsp;&nbsp;Indivior <sup>\*</sup> | 16919 | 607 |
| &nbsp;&nbsp;&nbsp;Inmode <sup>\*</sup> | 59741 | 878 |
| &nbsp;&nbsp;&nbsp;Innoviva <sup>\*</sup> | 65991 | 1319 |
| &nbsp;&nbsp;&nbsp;Intellia Therapeutics <sup>\*</sup> | 72799 | 654 |
| &nbsp;&nbsp;&nbsp;Kiniksa Pharmaceuticals International, Cl A <sup>\*</sup> | 14640 | 604 |
| &nbsp;&nbsp;&nbsp;Krystal Biotech <sup>\*</sup> | 3867 | 953 |
| &nbsp;&nbsp;&nbsp;LeMaitre Vascular | 9808 | 795 |
| &nbsp;&nbsp;&nbsp;Ligand Pharmaceuticals <sup>\*</sup> | 2878 | 544 |
| &nbsp;&nbsp;&nbsp;Madrigal Pharmaceuticals <sup>\*</sup> | 1604 | 934 |
| &nbsp;&nbsp;&nbsp;Merit Medical Systems <sup>\*</sup> | 6418 | 566 |
| &nbsp;&nbsp;&nbsp;Molina Healthcare <sup>\*</sup> | 18742 | 3252 |
| &nbsp;&nbsp;&nbsp;Monte Rosa Therapeutics <sup>\*</sup> | 41797 | 655 |
| &nbsp;&nbsp;&nbsp;Novocure <sup>\*</sup> | 29592 | 383 |
| &nbsp;&nbsp;&nbsp;Nuvation Bio <sup>\*</sup> | 121397 | 1088 |
| &nbsp;&nbsp;&nbsp;Omnicell <sup>\*</sup> | 7396 | 335 |
| &nbsp;&nbsp;&nbsp;Option Care Health <sup>\*</sup> | 17342 | 553 |
| &nbsp;&nbsp;&nbsp;Pennant Group <sup>\*</sup> | 23444 | 660 |
| &nbsp;&nbsp;&nbsp;Phibro Animal Health, Cl A | 24210 | 904 |
| &nbsp;&nbsp;&nbsp;Progyny <sup>\*</sup> | 90771 | 2331 |
| &nbsp;&nbsp;&nbsp;PTC Therapeutics <sup>\*</sup> | 27358 | 2078 |
| &nbsp;&nbsp;&nbsp;Repligen <sup>\*</sup> | 9198 | 1507 |
| &nbsp;&nbsp;&nbsp;Rigel Pharmaceuticals <sup>\*</sup> | 12374 | 530 |
| &nbsp;&nbsp;&nbsp;Soleno Therapeutics <sup>\*</sup> | 20508 | 950 |
| &nbsp;&nbsp;&nbsp;Stoke Therapeutics <sup>\*</sup> | 18563 | 589 |
| &nbsp;&nbsp;&nbsp;Supernus Pharmaceuticals <sup>\*</sup> | 41595 | 2067 |
| &nbsp;&nbsp;&nbsp;Syndax Pharmaceuticals <sup>\*</sup> | 45874 | 964 |

---

21 SEI Exchange Traded Funds

**SCHEDULE OF INVESTMENTS (Unaudited)**

December 31, 2025

**SEI Select Small Cap ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Tactile Systems Technology <sup>\*</sup> | 24279 | $704 |
| &nbsp;&nbsp;&nbsp;Tarsus Pharmaceuticals <sup>\*</sup> | 11399 | 933 |
| &nbsp;&nbsp;&nbsp;TG Therapeutics <sup>\*</sup> | 14465 | 431 |
| &nbsp;&nbsp;&nbsp;UFP Technologies <sup>\*</sup> | 2408 | 535 |
| &nbsp;&nbsp;&nbsp;Veracyte <sup>\*</sup> | 25886 | 1090 |
| &nbsp;&nbsp;&nbsp;Viridian Therapeutics <sup>\*</sup> | 35245 | 1097 |
| &nbsp;&nbsp;&nbsp;Xeris Biopharma Holdings <sup>\*</sup> | 78040 | 613 |
|  |  | 63450 |
| **Industrials — 19.4%** |  |  |
| &nbsp;&nbsp;&nbsp;AAON | 14815 | 1130 |
| &nbsp;&nbsp;&nbsp;Advanced Drainage Systems | 9634 | 1395 |
| &nbsp;&nbsp;&nbsp;American Superconductor <sup>\*</sup> | 22134 | 637 |
| &nbsp;&nbsp;&nbsp;Argan | 9099 | 2851 |
| &nbsp;&nbsp;&nbsp;Astec Industries | 28388 | 1230 |
| &nbsp;&nbsp;&nbsp;Atmus Filtration Technologies | 42678 | 2215 |
| &nbsp;&nbsp;&nbsp;Axon Enterprise <sup>\*</sup> | 2015 | 1144 |
| &nbsp;&nbsp;&nbsp;Bloom Energy, Cl A <sup>\*</sup> | 21143 | 1837 |
| &nbsp;&nbsp;&nbsp;Brink's | 8583 | 1002 |
| &nbsp;&nbsp;&nbsp;Cimpress <sup>\*</sup> | 7848 | 523 |
| &nbsp;&nbsp;&nbsp;Construction Partners, Cl A <sup>\*</sup> | 5521 | 599 |
| &nbsp;&nbsp;&nbsp;Copart <sup>\*</sup> | 14130 | 553 |
| &nbsp;&nbsp;&nbsp;CoreCivic <sup>\*</sup> | 32454 | 620 |
| &nbsp;&nbsp;&nbsp;DNOW <sup>\*</sup> | 54524 | 722 |
| &nbsp;&nbsp;&nbsp;Dycom Industries <sup>\*</sup> | 3683 | 1245 |
| &nbsp;&nbsp;&nbsp;EnerSys | 4345 | 638 |
| &nbsp;&nbsp;&nbsp;ExlService Holdings <sup>\*</sup> | 131469 | 5580 |
| &nbsp;&nbsp;&nbsp;Exponent | 19146 | 1330 |
| &nbsp;&nbsp;&nbsp;Federal Signal | 30260 | 3286 |
| &nbsp;&nbsp;&nbsp;Graham <sup>\*</sup> | 12157 | 781 |
| &nbsp;&nbsp;&nbsp;Greenbrier | 13402 | 626 |
| &nbsp;&nbsp;&nbsp;Healthcare Services Group <sup>\*</sup> | 44596 | 853 |
| &nbsp;&nbsp;&nbsp;HNI | 29384 | 1235 |
| &nbsp;&nbsp;&nbsp;Insteel Industries | 15375 | 487 |
| &nbsp;&nbsp;&nbsp;Interface, Cl A | 66646 | 1861 |
| &nbsp;&nbsp;&nbsp;Kennametal | 56111 | 1594 |
| &nbsp;&nbsp;&nbsp;Korn Ferry | 11532 | 761 |
| &nbsp;&nbsp;&nbsp;Kratos Defense & Security Solutions <sup>\*</sup> | 17145 | 1301 |
| &nbsp;&nbsp;&nbsp;Lyft, Cl A <sup>\*</sup> | 95715 | 1854 |
| &nbsp;&nbsp;&nbsp;Matson | 4560 | 563 |
| &nbsp;&nbsp;&nbsp;Maximus | 6856 | 592 |
| &nbsp;&nbsp;&nbsp;Modine Manufacturing <sup>\*</sup> | 12570 | 1678 |
| &nbsp;&nbsp;&nbsp;Mueller Water Products, Cl A | 23706 | 565 |
| &nbsp;&nbsp;&nbsp;Nextpower, Cl A <sup>\*</sup> | 31702 | 2762 |
| &nbsp;&nbsp;&nbsp;OPENLANE <sup>\*</sup> | 38957 | 1160 |
| &nbsp;&nbsp;&nbsp;Powell Industries | 3705 | 1181 |
| &nbsp;&nbsp;&nbsp;Power Solutions International <sup>\*</sup> | 9559 | 546 |
| &nbsp;&nbsp;&nbsp;Primoris Services | 30932 | 3840 |
| &nbsp;&nbsp;&nbsp;Proto Labs <sup>\*</sup> | 14425 | 730 |
| &nbsp;&nbsp;&nbsp;RBC Bearings <sup>\*</sup> | 5523 | 2477 |
| &nbsp;&nbsp;&nbsp;REV Group | 21394 | 1301 |
| &nbsp;&nbsp;&nbsp;Rollins | 29706 | 1783 |
| &nbsp;&nbsp;&nbsp;SkyWest <sup>\*</sup> | 8358 | 839 |
| &nbsp;&nbsp;&nbsp;SPX Technologies <sup>\*</sup> | 4305 | 861 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Sterling Infrastructure <sup>\*</sup> | 8542 | $2616 |
| &nbsp;&nbsp;&nbsp;Terex | 39922 | 2131 |
| &nbsp;&nbsp;&nbsp;Titan International <sup>\*</sup> | 51048 | 400 |
| &nbsp;&nbsp;&nbsp;TriNet Group | 10032 | 593 |
| &nbsp;&nbsp;&nbsp;Tutor Perini | 13015 | 872 |
| &nbsp;&nbsp;&nbsp;Upwork <sup>\*</sup> | 29168 | 578 |
| &nbsp;&nbsp;&nbsp;Watsco | 1153 | 389 |
| &nbsp;&nbsp;&nbsp;Watts Water Technologies, Cl A | 6004 | 1657 |
| &nbsp;&nbsp;&nbsp;WESCO International | 8783 | 2149 |
| &nbsp;&nbsp;&nbsp;Willdan Group <sup>\*</sup> | 14809 | 1535 |
| &nbsp;&nbsp;&nbsp;Worthington Enterprises | 20860 | 1076 |
|  |  | 74764 |
| **Information Technology — 16.0%** |  |  |
| &nbsp;&nbsp;&nbsp;ACI Worldwide <sup>\*</sup> | 36250 | 1733 |
| &nbsp;&nbsp;&nbsp;ACM Research, Cl A <sup>\*</sup> | 20861 | 823 |
| &nbsp;&nbsp;&nbsp;Adeia | 38332 | 661 |
| &nbsp;&nbsp;&nbsp;Amkor Technology | 28496 | 1125 |
| &nbsp;&nbsp;&nbsp;Axcelis Technologies <sup>\*</sup> | 6637 | 533 |
| &nbsp;&nbsp;&nbsp;Belden | 5119 | 597 |
| &nbsp;&nbsp;&nbsp;BlackLine <sup>\*</sup> | 11860 | 656 |
| &nbsp;&nbsp;&nbsp;Calix <sup>\*</sup> | 17195 | 910 |
| &nbsp;&nbsp;&nbsp;Clear Secure, Cl A | 82711 | 2901 |
| &nbsp;&nbsp;&nbsp;Clearwater Analytics Holdings, Cl A <sup>\*</sup> | 22946 | 553 |
| &nbsp;&nbsp;&nbsp;CommScope Holding <sup>\*</sup> | 51880 | 941 |
| &nbsp;&nbsp;&nbsp;Commvault Systems <sup>\*</sup> | 4921 | 617 |
| &nbsp;&nbsp;&nbsp;Credo Technology Group Holding <sup>\*</sup> | 26689 | 3840 |
| &nbsp;&nbsp;&nbsp;Descartes Systems Group <sup>\*</sup> | 7143 | 626 |
| &nbsp;&nbsp;&nbsp;Diebold Nixdorf <sup>\*</sup> | 18295 | 1242 |
| &nbsp;&nbsp;&nbsp;DigitalOcean Holdings <sup>\*</sup> | 18237 | 878 |
| &nbsp;&nbsp;&nbsp;Diodes <sup>\*</sup> | 11013 | 543 |
| &nbsp;&nbsp;&nbsp;D-Wave Quantum <sup>\*</sup> | 27386 | 716 |
| &nbsp;&nbsp;&nbsp;EPAM Systems <sup>\*</sup> | 3964 | 812 |
| &nbsp;&nbsp;&nbsp;ePlus | 6555 | 575 |
| &nbsp;&nbsp;&nbsp;Fabrinet <sup>\*</sup> | 5998 | 2731 |
| &nbsp;&nbsp;&nbsp;Fair Isaac <sup>\*</sup> | 637 | 1077 |
| &nbsp;&nbsp;&nbsp;Five9 <sup>\*</sup> | 58789 | 1179 |
| &nbsp;&nbsp;&nbsp;Freshworks, Cl A <sup>\*</sup> | 36964 | 453 |
| &nbsp;&nbsp;&nbsp;HubSpot <sup>\*</sup> | 1661 | 667 |
| &nbsp;&nbsp;&nbsp;Intapp <sup>\*</sup> | 13917 | 638 |
| &nbsp;&nbsp;&nbsp;InterDigital | 4171 | 1328 |
| &nbsp;&nbsp;&nbsp;IonQ <sup>\*</sup> | 21894 | 982 |
| &nbsp;&nbsp;&nbsp;Itron <sup>\*</sup> | 3291 | 306 |
| &nbsp;&nbsp;&nbsp;Keysight Technologies <sup>\*</sup> | 9123 | 1854 |
| &nbsp;&nbsp;&nbsp;Kimball Electronics <sup>\*</sup> | 20151 | 561 |
| &nbsp;&nbsp;&nbsp;LiveRamp Holdings <sup>\*</sup> | 25366 | 745 |
| &nbsp;&nbsp;&nbsp;Monolithic Power Systems | 1790 | 1622 |
| &nbsp;&nbsp;&nbsp;NetScout Systems <sup>\*</sup> | 45281 | 1225 |
| &nbsp;&nbsp;&nbsp;Novanta <sup>\*</sup> | 5416 | 644 |
| &nbsp;&nbsp;&nbsp;Onto Innovation <sup>\*</sup> | 4413 | 697 |
| &nbsp;&nbsp;&nbsp;Open Text | 63969 | 2084 |
| &nbsp;&nbsp;&nbsp;Pagaya Technologies, Cl A <sup>\*</sup> | 18194 | 380 |
| &nbsp;&nbsp;&nbsp;PagerDuty <sup>\*</sup> | 60435 | 792 |
| &nbsp;&nbsp;&nbsp;PC Connection | 4621 | 267 |

---

SEI Exchange Traded Funds 22

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2025

**SEI Select Small Cap ETF** (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br>($ Thousands) |
| **COMMON STOCK (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Photronics <sup>\*</sup> | 83237 | $2664 |
| &nbsp;&nbsp;&nbsp;Porch Group <sup>\*</sup> | 32798 | 299 |
| &nbsp;&nbsp;&nbsp;Q2 Holdings <sup>\*</sup> | 20524 | 1481 |
| &nbsp;&nbsp;&nbsp;Rambus <sup>\*</sup> | 14418 | 1325 |
| &nbsp;&nbsp;&nbsp;Rigetti Computing <sup>\*</sup> | 21272 | 471 |
| &nbsp;&nbsp;&nbsp;Sanmina <sup>\*</sup> | 10004 | 1501 |
| &nbsp;&nbsp;&nbsp;ScanSource <sup>\*</sup> | 12385 | 484 |
| &nbsp;&nbsp;&nbsp;Silicon Motion Technology ADR | 22365 | 2073 |
| &nbsp;&nbsp;&nbsp;SiTime <sup>\*</sup> | 5670 | 2003 |
| &nbsp;&nbsp;&nbsp;TTM Technologies <sup>\*</sup> | 53399 | 3685 |
| &nbsp;&nbsp;&nbsp;Tyler Technologies <sup>\*</sup> | 2977 | 1351 |
| &nbsp;&nbsp;&nbsp;Vertex, Cl A <sup>\*</sup> | 18476 | 369 |
| &nbsp;&nbsp;&nbsp;Viasat <sup>\*</sup> | 22694 | 782 |
| &nbsp;&nbsp;&nbsp;Viavi Solutions <sup>\*</sup> | 79297 | 1413 |
| &nbsp;&nbsp;&nbsp;Xerox Holdings | 100715 | 239 |
|  |  | 61654 |
| **Materials — 5.1%** |  |  |
| &nbsp;&nbsp;&nbsp;AdvanSix | 21982 | 380 |
| &nbsp;&nbsp;&nbsp;Balchem | 6082 | 933 |
| &nbsp;&nbsp;&nbsp;Cleveland-Cliffs <sup>\*</sup> | 259247 | 3443 |
| &nbsp;&nbsp;&nbsp;Coeur Mining <sup>\*</sup> | 86668 | 1545 |
| &nbsp;&nbsp;&nbsp;Commercial Metals | 65422 | 4528 |
| &nbsp;&nbsp;&nbsp;Hudbay Minerals | 124647 | 2474 |
| &nbsp;&nbsp;&nbsp;O-I Glass, Cl I <sup>\*</sup> | 102047 | 1506 |
| &nbsp;&nbsp;&nbsp;Perimeter Solutions <sup>\*</sup> | 38347 | 1056 |
| &nbsp;&nbsp;&nbsp;Sensient Technologies | 9820 | 923 |
| &nbsp;&nbsp;&nbsp;SSR Mining <sup>\*</sup> | 129839 | 2846 |
|  |  | 19634 |
| **Real Estate — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Brixmor Property Group <sup>‡</sup> | 22297 | 585 |
| &nbsp;&nbsp;&nbsp;CoStar Group <sup>\*</sup> | 15901 | 1069 |
| &nbsp;&nbsp;&nbsp;Cushman & Wakefield <sup>\*</sup> | 84515 | 1368 |
| &nbsp;&nbsp;&nbsp;DiamondRock Hospitality <sup>‡</sup> | 68605 | 615 |
| &nbsp;&nbsp;&nbsp;Diversified Healthcare Trust <sup>‡</sup> | 77761 | 377 |
| &nbsp;&nbsp;&nbsp;eXp World Holdings | 51024 | 462 |
| &nbsp;&nbsp;&nbsp;Highwoods Properties <sup>‡</sup> | 58178 | 1502 |
| &nbsp;&nbsp;&nbsp;Newmark Group, Cl A | 61323 | 1063 |
| &nbsp;&nbsp;&nbsp;Piedmont Realty Trust, Cl A <sup>‡</sup> | 95294 | 795 |
| &nbsp;&nbsp;&nbsp;Real Brokerage <sup>\*</sup> | 58389 | 213 |
| &nbsp;&nbsp;&nbsp;Safehold <sup>‡</sup> | 11053 | 151 |
| &nbsp;&nbsp;&nbsp;SL Green Realty <sup>‡</sup> | 11903 | 546 |
| &nbsp;&nbsp;&nbsp;Terreno Realty <sup>‡</sup> | 21710 | 1275 |
|  |  | 10021 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $342,589) ($ Thousands) |  | 383000 |
| Total Investments in Securities — 99.6% | Total Investments in Securities — 99.6% | Total Investments in Securities — 99.6% |
| &nbsp;&nbsp;&nbsp;(Cost $342,589) ($ Thousands) |  | $383000 |

---

Percentages are based on Net Assets of $384,632 ($ Thousands).

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

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

See "Glossary" for Abbreviations.

23 SEI Exchange Traded Funds

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

**Portfolio Abbreviations** 

ADR — American Depositary Receipt

AUD — Australian Dollar

CAD — Canadian Dollar

EAFE — Europe, Australasia and Far East

Cl — Class

ETF — Exchange Traded Fund

NVDR — Non-voting Depository Receipt

PJSC — Public Joint Stock Company

REIT — Real Estate Investment Trust

SOFR — Secured Overnight Financing Rate

SEI Exchange Traded Funds 24

## 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 EXCHANGE TRADED FUNDS

- **b. Investment Company Act file number:** 811-23754

- **c. CIK number of Registrant:** 0001888997

- **d. LEI of Registrant:** 549300AYCDS6PFQXJ523

- **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:** SEI Enhanced Low Volatility U.S. Large Cap ETF

- **b. EDGAR series identifier (if any):** S000075036

- **c. LEI of Series:** 549300T8606Q25S31872

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $207627393.32

**Total Liabilities:** $1657486.08

**Net Assets:** $205969907.24

**Cash Not Reported:** $98885.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233738 | -0.17%               | 4.13%                | -1.82%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3038384.59              | $-3777432.30                               |
| Month 2  | $0.00                    | $7072937.73                                |
| Month 3  | $0.00                    | $-3424958.44                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACCENTURE PUBLIC LIMITED COMPANY            | ACCENTURE PLC-CL A COMMON STOCK           | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               |  | US        |     16720 | NS      | $4485976.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AKAMAI TECHNOLOGIES, INC.                   | AKAMAI TECHNOLOGIES INC COMMON STOCK      | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               |  | US        |      4022 | NS      | $350919.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                    | ALLSTATE CORP COMMON STOCK                | CUSIP: N/A<br>LEI: OBT0W1ED8G0NWVOLOJ77       | Long             | EC               |  | US        |      6332 | NS      | $1318005.80   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                               | ALPHABET INC-CL A COMMON STOCK            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |      2811 | NS      | $879843.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                               | ALPHABET INC-CL C COMMON STOCK            | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |     16331 | NS      | $5124667.80   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                          | ALTRIA GROUP INC COMMON STOCK             | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |     69703 | NS      | $4019074.98   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                              | AMDOCS LTD COMMON STOCK                   | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               |  | US        |     24626 | NS      | $1982639.26   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION                        | AMPHENOL CORP-CL A COMMON STOCK           | CUSIP: N/A<br>LEI: 549300D3L3G0R4U4VT04       | Long             | EC               |  | US        |     29500 | NS      | $3986630.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                  | APPLE INC COMMON STOCK                    | CUSIP: N/A<br>LEI: HWUPKR0MPOU8FGXBT394       | Long             | EC               |  | US        |     22153 | NS      | $6022514.58   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROW ELECTRONICS, INC.                     | ARROW ELECTRONICS INC COMMON STOCK        | CUSIP: N/A<br>LEI: 549300YNNLBXT8N8R512       | Long             | EC               |  | US        |     12665 | NS      | $1395429.70   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                   | AT&T INC COMMON STOCK                     | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               |  | US        |    205596 | NS      | $5107004.64   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORPORATION                    | ATMOS ENERGY CORP COMMON STOCK            | CUSIP: N/A<br>LEI: QVLWEGTD2S8GJMO8D383       | Long             | EC               |  | US        |      8415 | NS      | $1410606.45   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET, INC.                                 | AVNET INC COMMON STOCK                    | CUSIP: N/A<br>LEI: XJI53DCPL7QABOWK4Z75       | Long             | EC               |  | US        |     17112 | NS      | $822744.96    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.                     | BERKSHIRE HATHAWAY INC-CL B COMMON STOCK  | CUSIP: N/A<br>LEI: 5493000C01ZX7D35SD85       | Long             | EC               |  | US        |       801 | NS      | $402622.65    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC.                       | BOOKING HOLDINGS INC COMMON STOCK         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               |  | US        |       704 | NS      | $3770152.32   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                | BRISTOL-MYERS SQUIBB CO COMMON STOCK      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               |  | US        |     53226 | NS      | $2871010.44   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                       | CARDINAL HEALTH INC COMMON STOCK          | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               |  | US        |     28935 | NS      | $5946142.50   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                               | CENCORA INC COMMON STOCK                  | CUSIP: N/A<br>LEI: AI8GXW8LG5WK7E9UD086       | Long             | EC               |  | US        |      8477 | NS      | $2863106.75   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMED CORPORATION                          | CHEMED CORP COMMON STOCK                  | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               |  | US        |       732 | NS      | $313193.52    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                         | CHEVRON CORP COMMON STOCK                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               |  | US        |     23889 | NS      | $3640922.49   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Limited                               | CHUBB LTD COMMON STOCK                    | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               |  | US        |     10243 | NS      | $3197045.16   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                         | CISCO SYSTEMS INC COMMON STOCK            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |     75687 | NS      | $5830169.61   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CLOROX COMPANY                          | CLOROX COMPANY COMMON STOCK               | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               |  | US        |     10556 | NS      | $1064361.48   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORPORATION                      | CMS ENERGY CORP COMMON STOCK              | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               |  | US        |      1727 | NS      | $120769.11    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION  | COGNIZANT TECH SOLUTIONS-A COMMON STOCK   | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               |  | US        |     55079 | NS      | $4571557.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE COMPANY                   | COLGATE-PALMOLIVE CO COMMON STOCK         | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               |  | US        |     51494 | NS      | $4069055.88   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                         | COMCAST CORP-CLASS A COMMON STOCK         | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |     70577 | NS      | $2109546.53   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON, INC.                   | CONSOLIDATED EDISON INC COMMON STOCK      | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               |  | US        |     36167 | NS      | $3592106.44   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLBY LABORATORIES, INC.                    | DOLBY LABORATORIES INC-CL A COMMON STOCK  | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               |  | US        |     12213 | NS      | $784318.86    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINO'S PIZZA, INC.                        | DOMINO'S PIZZA INC COMMON STOCK           | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               |  | US        |       482 | NS      | $200907.24    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                               | DROPBOX INC-CLASS A COMMON STOCK          | CUSIP: 26210C104<br>LEI: N/A                  | Long             | EC               |  | US        |     41171 | NS      | $1144553.80   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                          | DTE ENERGY COMPANY COMMON STOCK           | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               |  | US        |      4897 | NS      | $631615.06    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                     | DUKE ENERGY CORP COMMON STOCK             | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               |  | US        |     30589 | NS      | $3585336.69   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDITORS INTERNATIONAL OF WASHINGTON, INC | EXPEDITORS INTL WASH INC COMMON STOCK     | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               |  | US        |     25122 | NS      | $3743429.22   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                    | F5 INC COMMON STOCK                       | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               |  | US        |     10153 | NS      | $2591654.78   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                           | FIRSTENERGY CORP COMMON STOCK             | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               |  | US        |      5006 | NS      | $224118.62    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORPORATION                             | FOX CORP - CLASS A COMMON STOCK           | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               |  | US        |     38456 | NS      | $2809979.92   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORPORATION                             | FOX CORP - CLASS B COMMON STOCK           | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               |  | US        |     22769 | NS      | $1478391.17   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                            | GEN DIGITAL INC COMMON STOCK              | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               |  | US        |     90950 | NS      | $2472930.50   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                         | GENERAL MILLS INC COMMON STOCK            | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               |  | US        |     33608 | NS      | $1562772.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| GENPACT LIMITED                             | GENPACT LTD COMMON STOCK                  | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               |  | US        |      9831 | NS      | $459894.18    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                       | GILEAD SCIENCES INC COMMON STOCK          | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |     41860 | NS      | $5137896.40   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| H & R BLOCK, INC.                           | H&R BLOCK INC COMMON STOCK                | CUSIP: N/A<br>LEI: 549300CE3KUCWLZBG404       | Long             | EC               |  | US        |     30537 | NS      | $1330802.46   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION | INTL BUSINESS MACHINES CORP COMMON STOCK  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |     13397 | NS      | $3968325.37   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                           | JOHNSON & JOHNSON COMMON STOCK            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               |  | US        |     29623 | NS      | $6130479.85   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                 | LOCKHEED MARTIN CORP COMMON STOCK         | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               |  | US        |      1121 | NS      | $542194.07    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LOEWS CORPORATION                           | LOEWS CORP COMMON STOCK                   | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               |  | US        |      5176 | NS      | $545084.56    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc.                           | MARKEL GROUP INC COMMON STOCK             | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               |  | US        |      1351 | NS      | $2904177.15   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES, INC.            | MARSH & MCLENNAN COS COMMON STOCK         | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               |  | US        |      2059 | NS      | $381985.68    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                    | MASTERCARD INC - A COMMON STOCK           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               |  | US        |      7161 | NS      | $4088071.68   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORPORATION                      | MCDONALD'S CORP COMMON STOCK              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               |  | US        |      7939 | NS      | $2426396.57   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                        | MCKESSON CORP COMMON STOCK                | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               |  | US        |      6474 | NS      | $5310557.46   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                           | MERCK & CO. INC. COMMON STOCK             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |     43514 | NS      | $4580283.64   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                       | MICROSOFT CORP COMMON STOCK               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               |  | US        |     11790 | NS      | $5701879.80   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                | MONDELEZ INTERNATIONAL INC-A COMMON STOCK | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               |  | US        |      7825 | NS      | $421219.75    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                    | MOTOROLA SOLUTIONS INC COMMON STOCK       | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               |  | US        |     11054 | NS      | $4237219.28   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                   | NATIONAL FUEL GAS CO COMMON STOCK         | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               |  | US        |     16830 | NS      | $1347409.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation                       | NEWMARKET CORP COMMON STOCK               | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               |  | US        |      1098 | NS      | $754611.48    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                               | NISOURCE INC COMMON STOCK                 | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               |  | US        |      5558 | NS      | $232102.08    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC.                          | OMNICOM GROUP COMMON STOCK                | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               |  | US        |     19391 | NS      | $1565823.25   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                 | PFIZER INC COMMON STOCK                   | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               |  | US        |     36270 | NS      | $903123.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.            | PHILIP MORRIS INTERNATIONAL COMMON STOCK  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |     12077 | NS      | $1937150.80   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                | PROCTER & GAMBLE CO/THE COMMON STOCK      | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               |  | US        |     28648 | NS      | $4105544.88   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INCORPORATED              | QUEST DIAGNOSTICS INC COMMON STOCK        | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               |  | US        |     11286 | NS      | $1958459.58   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES, INC.                     | REPUBLIC SERVICES INC COMMON STOCK        | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               |  | US        |     21953 | NS      | $4652499.29   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGIES, INC.                    | ROPER TECHNOLOGIES INC COMMON STOCK       | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               |  | US        |      9266 | NS      | $4124574.58   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL           | SERVICE CORP INTERNATIONAL COMMON STOCK   | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               |  | US        |      1580 | NS      | $123192.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INCORPORATED                        | SNAP-ON INC COMMON STOCK                  | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               |  | US        |      1686 | NS      | $580995.60    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US, INC.                           | T-MOBILE US INC COMMON STOCK              | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               |  | US        |      5348 | NS      | $1085857.92   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| The Travelers Companies, Inc.               | TRAVELERS COS INC/THE COMMON STOCK        | CUSIP: N/A<br>LEI: 549300Y650407RU8B149       | Long             | EC               |  | US        |      6724 | NS      | $1950363.44   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TYLER TECHNOLOGIES, INC.                    | TYLER TECHNOLOGIES INC COMMON STOCK       | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               |  | US        |       450 | NS      | $204277.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN, INC.                              | VERISIGN INC COMMON STOCK                 | CUSIP: N/A<br>LEI: LMPL4N8ZOJRMF0KOF759       | Long             | EC               |  | US        |     14513 | NS      | $3525933.35   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                      | VERISK ANALYTICS INC COMMON STOCK         | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               |  | US        |     14693 | NS      | $3286677.17   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                 | VERIZON COMMUNICATIONS INC COMMON STOCK   | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |    102637 | NS      | $4180405.01   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                   | VISA INC-CLASS A SHARES COMMON STOCK      | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               |  | US        |     12074 | NS      | $4234472.54   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC.                                | WALMART INC COMMON STOCK                  | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               |  | US        |     58059 | NS      | $6468353.19   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT, INC.                      | WASTE MANAGEMENT INC COMMON STOCK         | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               |  | US        |     13425 | NS      | $2949606.75   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORPORATION                   | WR BERKLEY CORP COMMON STOCK              | CUSIP: N/A<br>LEI: SQOAGCLKBDWNVYV1OV80       | Long             | EC               |  | US        |     63256 | NS      | $4435510.72   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                           | YUM! BRANDS INC COMMON STOCK              | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               |  | US        |      2702 | NS      | $408758.56    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** SEI Exchange Traded Funds

**Signature:** Glenn Kurdziel

**Name of Signer:** Glenn Kurdziel

**Title:** Controller and Chief Financial Officer