# EDGAR Filing Document

**Accession Number:** 0001968178
**File Stem:** 0002048251-26-000648
**Filing Date:** 2026-1
**Character Count:** 48967
**Document Hash:** a2988adbdf98233d77470d1c7d8d9ba2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-000648.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0002048251-26-000648

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEI Alternative Income Fund
- **CENTRAL INDEX KEY:** 0001968178

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23861
- **FILM NUMBER:** 26572054

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** 610-676-9400

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEI Structured Credit Interval Fund
- **DATE OF NAME CHANGE:** 20230303

## Nport-Ex

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2025

**SEI Alternative Income Fund** 

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **ASSET-BACKED SECURITIES — 101.3%** | **ASSET-BACKED SECURITIES — 101.3%** | **ASSET-BACKED SECURITIES — 101.3%** |
| **Other Asset-Backed Securities — 101.3%** | **Other Asset-Backed Securities — 101.3%** |  |
| &nbsp;&nbsp;&nbsp;Abry Liquid Credit CLO, Ser 2025-1A, Cl C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.050%, TSFR3M + 2.100%, 10/20/2038(A)(B) | $625 | $625 |
| &nbsp;&nbsp;&nbsp;Abry Liquid Credit CLO, Ser 2025-1A, Cl D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.200%, TSFR3M + 3.250%, 10/20/2038(A)(B) | 625 | 626 |
| &nbsp;&nbsp;&nbsp;Abry Liquid Credit CLO, Ser 2025-1A, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.950%, TSFR3M + 6.000%, 10/20/2038(A)(B) | 625 | 625 |
| &nbsp;&nbsp;&nbsp;Apex Credit CLO 12, Ser 2025-12A, Cl D1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.634%, TSFR3M + 3.750%, 04/20/2038(A)(B) | 500 | 501 |
| &nbsp;&nbsp;&nbsp;Apex Credit CLO, Ser 2019-1A, Cl D1RR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.734%, TSFR3M + 3.850%, 07/18/2037(A)(B) | 1000 | 966 |
| &nbsp;&nbsp;&nbsp;Apex Credit CLO, Ser 2020-1A, Cl CRR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.534%, TSFR3M + 2.650%, 04/20/2035(A)(B) | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;Apex Credit CLO, Ser 2020-2A, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.620%, TSFR3M + 3.500%, 10/20/2038(A)(B) | 1000 | 995 |
| &nbsp;&nbsp;&nbsp;Apex Credit CLO, Ser 2024-2A, Cl D1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.608%, TSFR3M + 3.750%, 07/25/2037(A)(B) | 750 | 756 |
| &nbsp;&nbsp;&nbsp;Ares XXXIV CLO, Ser 2015-2A, Cl SUB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/17/2038(A)(B)(C) | 4005 | 2603 |
| &nbsp;&nbsp;&nbsp;Atlas Senior Loan Fund VII, Ser 2016-7A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.484%, TSFR3M + 6.662%, 11/27/2031(A)(B) | 2000 | 1970 |
| &nbsp;&nbsp;&nbsp;Atlas Senior Loan Fund XX, Ser 2022-20A, Cl D1R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.734%, TSFR3M + 3.850%, 10/19/2037(A)(B) | 1300 | 1303 |
| &nbsp;&nbsp;&nbsp;Atlas Senior Loan Fund XXIII, Ser 2024-23A, Cl C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.284%, TSFR3M + 2.400%, 07/20/2037(A)(B) | 1000 | 1003 |
| &nbsp;&nbsp;&nbsp;Atlas Senior Loan Fund XXV, Ser 2025-25A, Cl D1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.002%, TSFR3M + 3.680%, 07/20/2038(A)(B) | 200 | 200 |
| &nbsp;&nbsp;&nbsp;Atlas Senior Loan Fund XXVI, Ser 2025-26A, Cl B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.768%, 10/22/2038(A)(B) | 625 | 626 |
| &nbsp;&nbsp;&nbsp;Barings CLO III, Ser 2019-3A, Cl D2RR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.984%, TSFR3M + 4.100%, 01/20/2036(A)(B) | 1150 | 1142 |
| &nbsp;&nbsp;&nbsp;Battalion CLO XIV, Ser 2019-14A, Cl CR2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.884%, 01/20/2035(A)(B) | 500 | 502 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp;&nbsp;Battalion CLO XVI, Ser 2019-16A, Cl ER2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.974%, TSFR3M + 7.090%, 01/20/2038(A)(B) | $800 | $794 |
| &nbsp;&nbsp;&nbsp;Battalion CLO XXIX, Ser 2025-29A, Cl SUB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 03/31/2038(A)(B)(C) | 250 | 209 |
| &nbsp;&nbsp;&nbsp;Battalion CLO XXVIII, Ser 2025-28A, Cl D2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.834%, TSFR3M + 3.950%, 01/20/2038(A)(B) | 300 | 300 |
| &nbsp;&nbsp;&nbsp;Battalion CLO XXVIII, Ser 2025-28A, Cl F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.924%, TSFR3M + 9.040%, 01/20/2038(A)(B) | 250 | 231 |
| &nbsp;&nbsp;&nbsp;Battalion CLO XXVIII, Ser 2025-28A, Cl SUB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/20/2038(A)(B)(C) | 1640 | 1246 |
| &nbsp;&nbsp;&nbsp;Battery Park CLO, Ser 2019-1A, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.155%, TSFR3M + 7.250%, 07/15/2036(A)(B) | 350 | 348 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XV, Ser 2018-15A, Cl SUB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/18/2031(A)(B)(C) | 1895 | 872 |
| &nbsp;&nbsp;&nbsp;Black Diamond CLO, Ser 2025-2, Cl B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.819%, 10/15/2038(A)(B) | 500 | 501 |
| &nbsp;&nbsp;&nbsp;BlueMountain CLO, Ser 2018-3A, Cl C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.320%, 10/25/2030(A)(B) | 125 | 125 |
| &nbsp;&nbsp;&nbsp;Bridge Street CLO II, Ser 2021-1A, Cl B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.496%, TSFR3M + 2.612%, 07/20/2034(A)(B) | 175 | 175 |
| &nbsp;&nbsp;&nbsp;Catamaran CLO, Ser 2014-1A, Cl BR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.279%, 04/22/2030(A)(B) | 125 | 125 |
| &nbsp;&nbsp;&nbsp;CQS US CLO 5, Ser 2025-5A, Cl C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.861%, 01/17/2039(A)(B) | 738 | 738 |
| &nbsp;&nbsp;&nbsp;CQS US CLO 5, Ser 2025-5A, Cl D1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.961%, 01/17/2039(A)(B) | 369 | 369 |
| &nbsp;&nbsp;&nbsp;Crown Point CLO 7, Ser 2018-7A, Cl AR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.114%, TSFR3M + 1.230%, 10/20/2031(A)(B) | 116 | 116 |
| &nbsp;&nbsp;&nbsp;Elevation CLO, Ser 2013-1A, Cl D1R3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.570%, TSFR3M + 3.350%, 07/25/2038(A)(B) | 1250 | 1252 |
| &nbsp;&nbsp;&nbsp;Ivy Hill Middle Market Credit Fund IX, Ser 2025-9A, Cl ER3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.615%, TSFR3M + 6.500%, 07/23/2037(A)(B) | 500 | 490 |
| &nbsp;&nbsp;&nbsp;Ivy Hill Middle Market Credit Fund XX, Ser 2025-20A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.384%, TSFR3M + 7.500%, 07/19/2037(A)(B) | 500 | 483 |
| &nbsp;&nbsp;&nbsp;Jefferies Credit Partners Direct Lending CLO, Ser 2024-1A, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.108%, TSFR3M + 8.250%, 07/25/2036(A)(B) | 250 | 250 |
| &nbsp;&nbsp;&nbsp;Jefferies Credit Partners Direct Lending CLO, Ser 2024-1A, Cl SUB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/25/2036(A)(B)(C) | 400 | 328 |

---

------

SEI Alternative Income Fund

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2025

**SEI Alternative Income Fund** 

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp;&nbsp;Jefferies Credit Partners Direct Lending CLO, Ser 2024-2A, Cl D1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.334%, TSFR3M + 4.450%, 01/20/2037(A)(B) | $1250 | $1248 |
| &nbsp;&nbsp;&nbsp;LCM 31, Ser 2024-31A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.134%, TSFR3M + 7.250%, 07/20/2034(A)(B) | 500 | 456 |
| &nbsp;&nbsp;&nbsp;LCM 38, Ser 2025-38A, Cl D1R2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.675%, 11/04/2038(A)(B) | 2420 | 2416 |
| &nbsp;&nbsp;&nbsp;LCM 39, Ser 2024-39A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.905%, TSFR3M + 7.000%, 10/15/2034(A)(B) | 1000 | 989 |
| &nbsp;&nbsp;&nbsp;LCM 40, Ser 2024-40A, Cl D1R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.655%, TSFR3M + 3.750%, 01/15/2038(A)(B) | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;LCM XVII, Ser 2018-17A, Cl CRR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.266%, 10/15/2031(A)(B) | 125 | 125 |
| &nbsp;&nbsp;&nbsp;Magnetite XXV, Ser 2020-25A, Cl D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.420%, TSFR3M + 3.562%, 01/25/2032(A)(B) | 250 | 250 |
| &nbsp;&nbsp;&nbsp;MidOcean Credit CLO XVI, Ser 2024-16A, Cl SUB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/20/2037(A)(B)(C) | 1000 | 698 |
| &nbsp;&nbsp;&nbsp;MidOcean Credit CLO XVIII, Ser 2025-18A, Cl SUB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 10/18/2035(A)(B)(C) | 250 | 200 |
| &nbsp;&nbsp;&nbsp;Mountain View CLO XV, Ser 2019-2A, Cl CR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.805%, TSFR3M + 2.900%, 07/15/2037(A)(B) | 1250 | 1256 |
| &nbsp;&nbsp;&nbsp;Mountain View CLO XVII, Ser 2023-1A, Cl D1R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.267%, 10/15/2038(A)(B) | 1250 | 1242 |
| &nbsp;&nbsp;&nbsp;Mountain View CLO XVIII, Ser 2024-1A, Cl D1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.544%, TSFR3M + 3.650%, 10/16/2037(A)(B) | 1200 | 1203 |
| &nbsp;&nbsp;&nbsp;Mountain View CLO XVIII, Ser 2024-1A, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.484%, TSFR3M + 7.590%, 10/16/2037(A)(B) | 788 | 798 |
| &nbsp;&nbsp;&nbsp;Navesink CLO 1, Ser 2023-1A, Cl D1R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.758%, TSFR3M + 3.900%, 07/25/2033(A)(B) | 1000 | 1007 |
| &nbsp;&nbsp;&nbsp;NGC, Ser 2024-1A, Cl D1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.084%, TSFR3M + 4.200%, 07/20/2037(A)(B) | 500 | 503 |
| &nbsp;&nbsp;&nbsp;Ocean Trails CLO 8, Ser 2020-8A, Cl D1R2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 03/15/2038(A)(B)(C) | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;Ocean Trails CLO 8, Ser 2020-8A, Cl ERR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.405%, TSFR3M + 7.500%, 07/15/2034(A)(B) | 1000 | 996 |
| &nbsp;&nbsp;&nbsp;Ocean Trails CLO IX, Ser 2020-9A, Cl D1RA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.055%, TSFR3M + 3.150%, 01/15/2038(A)(B) | 1250 | 1248 |
| &nbsp;&nbsp;&nbsp;OCP CLO, Ser 2024-38A, Cl SUB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 01/21/2038(A)(B)(C) | 1000 | 700 |

---

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp;&nbsp;Rad CLO 18, Ser 2023-18A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.405%, TSFR3M + 6.500%, 07/15/2037(A)(B) | $500 | $493 |
| &nbsp;&nbsp;&nbsp;Romark CLO IV, Ser 2021-4A, Cl C1R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 07/10/2034(A)(B)(C) | 1250 | 1248 |
| &nbsp;&nbsp;&nbsp;Saratoga Investment Copr Senior Loan Fund, Ser 2022-1, Cl 1A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.354%, 10/20/2037(A)(B) | 625 | 624 |
| &nbsp;&nbsp;&nbsp;Steele Creek CLO, Ser 2018-1X, Cl A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.176%, TSFR3M + 1.272%, 04/15/2031(B) | 37 | 37 |
| &nbsp;&nbsp;&nbsp;TCP Whitney CLO, Ser 2025-1A, Cl D2R2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.120%, TSFR3M + 5.200%, 11/20/2037(A)(B) | 594 | 594 |
| &nbsp;&nbsp;&nbsp;TCW CLO, Ser 2017-1A, Cl D1R4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.121%, 03/24/2038(A)(B) | 400 | 400 |
| &nbsp;&nbsp;&nbsp;TCW CLO, Ser 2021-2A, Cl D1R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.370%, TSFR3M + 3.100%, 10/24/2038(A)(B) | 1100 | 1102 |
| &nbsp;&nbsp;&nbsp;TCW CLO, Ser 2021-2A, Cl DJR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.470%, TSFR3M + 4.200%, 10/24/2038(A)(B) | 350 | 350 |
| &nbsp;&nbsp;&nbsp;TCW CLO, Ser 2021-2A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.020%, TSFR3M + 6.750%, 10/24/2038(A)(B) | 600 | 590 |
| &nbsp;&nbsp;&nbsp;THL Credit Lake Shore MM CLO I, Ser 2019-1A, Cl A1R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.866%, TSFR3M + 1.962%, 04/15/2033(A)(B) | 917 | 917 |
| &nbsp;&nbsp;&nbsp;THL Credit Wind River CLO, Ser 2019-3A, Cl CR3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.392%, 01/15/2038(A)(B) | 500 | 500 |
| &nbsp;&nbsp;&nbsp;Venture 45 Clo, Ser 2025-45A, Cl BR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.784%, TSFR3M + 1.900%, 07/20/2035(A)(B) | 625 | 625 |
| &nbsp;&nbsp;&nbsp;Venture CLO, Ser 2017-28AA, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.766%, TSFR3M + 3.882%, 10/20/2034(A)(B) | 850 | 826 |
| &nbsp;&nbsp;&nbsp;Voya CLO, Ser 2013-2A, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.720%, TSFR3M + 5.862%, 04/25/2031(A)(B) | 1938 | 1894 |
| &nbsp;&nbsp;&nbsp;Voya CLO, Ser 2014-4A, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.123%, TSFR3M + 6.212%, 07/14/2031(A)(B) | 698 | 689 |
| &nbsp;&nbsp;&nbsp;Voya CLO, Ser 2017-1A, Cl D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.243%, TSFR3M + 6.362%, 04/17/2030(A)(B) | 750 | 738 |

---

------

SEI Alternative Income Fund

**SCHEDULE OF INVESTMENTS (Unaudited)** 

November 30, 2025

**SEI Alternative Income Fund** (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Face Amount <br> (Thousands) | Market Value<br> ($ Thousands) |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp;&nbsp;Wellfleet CLO, Ser 2024-2A, Cl SUB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%, 02/25/2038(A)(B)(C) | $1014 | $659 |
| Total Asset-Backed Securities |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $53,888) ($ Thousands) |  | 54018 |
| Total Investments in Securities — 101.3% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $53,888) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $53,888) ($ Thousands)  | $54018 |

---

---

| | |
|:---|:---|
|  | Percentages are based on Net Assets of $54,334 ($ Thousands). |
| (A) | Security, or a portion thereof, exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On November 30, 2025, the value of these securities amounted to $53,981 ($ Thousands), representing 99.3% of the Net Assets of the Fund. |
| (B) | Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates. |
| (C) | No interest rate available. |

---

---

| |
|:---|
| Cl — Class |
| CLO — Collateralized Loan Obligation |
| Ser — Series |
| TSFR3M — Term Secured Overnight Financing Rate 3 Months |

---

------

SEI Alternative Income Fund

## 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 Alternative Income Fund

- **b. Investment Company Act file number:** 811-23861

- **c. CIK number of Registrant:** 0001968178

- **d. LEI of Registrant:** 00000000000000000000

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

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

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 6106769400

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

- **a. Name of Series:** SEI Alternative Income Fund

- **c. LEI of Series:** 00000000000000000000

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $56027486.37

**Total Liabilities:** $1710900.94

**Net Assets:** $54316585.43

**Cash Not Reported:** $1518070.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -16.48624038 | **1-Year:** -131.56166683 | **5-Year:** -645.30842158 | **10-Year:** -93.84594014 | **30-Year:** 0.00000000

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

- **3-Month:** -94.08322205 | **1-Year:** -1987.88914363 | **5-Year:** -8170.39811461 | **10-Year:** -9811.91214569 | **30-Year:** -18.49690164

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.23%               | 0.53%                | 0.66%                |
| Class ID N/A | -0.25%               | 0.51%                | 0.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $821.92                  | $-385024.52                                |
| Month 2  | $62096.88                | $-60778.50                                 |
| Month 3  | $4304.35                 | $65366.61                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IVY HILL MIDDLE MARKET CREDIT FUND, LTD.         | IVY HILL MIDDLE MARKET CREDIT FUND XX LTD IVYH 20A ER                     | CUSIP: 46604JAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $483254.50    | 0.89%             | 2037-07-19      | Floating      | 11.38%                | Yes           |                  2 | On Loan: No      |
| BATTALION CLO LTD                                | BATTALION CLO XVI LTD BATLN 2019-16A ER2                                  | CUSIP: 07133NAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $794079.20    | 1.46%             | 2038-01-20      | Floating      | 10.97%                | Yes           |                  2 | On Loan: No      |
| BATTERY PARK CDO, LIMITED                        | BATTERY PARK CLO LTD BATPK 2019-1A E                                      | CUSIP: 07133WAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $347620.00    | 0.64%             | 2036-07-15      | Floating      | 11.15%                | Yes           |                  2 | On Loan: No      |
| ABRY LIQUID CREDIT CLO LTD                       | ABRY LIQUID CREDIT CLO 2025-1 LTD ALC 2025-1A C                           | CUSIP: 00383LAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $625317.50    | 1.15%             | 2038-10-20      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| APEX CREDIT CLO LTD                              | APEX CREDIT CLO 2024-II LTD APEXC 2024-2A D1                              | CUSIP: 03753EAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $755841.00    | 1.39%             | 2037-07-25      | Floating      | 7.61%                 | Yes           |                  2 | On Loan: No      |
| ATLAS SENIOR LOAN FUND, LTD                      | ATLAS SENIOR LOAN FUND XX LTD ATCLO 2022-20A D1R                          | CUSIP: 049410AY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1300000 | PA      | $1303200.60   | 2.40%             | 2037-10-19      | Floating      | 7.73%                 | Yes           |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO LTD.                            | BLUEMOUNTAIN CLO 2018-3 LTD BLUEM 2018-3A C                               | CUSIP: 09630AAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    125000 | PA      | $125195.38    | 0.23%             | 2030-10-25      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| BRIDGE STREET CLO LTD                            | BRIDGE STREET CLO II LTD BRDGS 2021-1A B                                  | CUSIP: 10806JAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    175000 | PA      | $174704.78    | 0.32%             | 2034-07-20      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NGC LTD                                          | NGC 2024-I LTD NGC 2024-1A D1                                             | CUSIP: 652927AN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $503355.50    | 0.93%             | 2037-07-20      | Floating      | 8.08%                 | Yes           |                  2 | On Loan: No      |
| N/A                                              | BATTALION CLO XIV LTD BATLN 2019-14A CR2                                  | CUSIP: 07090ABE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501558.25    | 0.92%             | 2035-01-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| ARES CLO LTD                                     | ARES XXXIV CLO EQUITY TRANCHE                                             | CUSIP: 04015HAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4005136 | PA      | $2603338.40   | 4.79%             | 2033-04-18      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| MOUNTAIN VIEW CLO LTD                            | MOUNTAIN VIEW CLO XV LTD MVEW 2019-2A CR                                  | CUSIP: 62432PBA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1255990.00   | 2.31%             | 2037-07-15      | Floating      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| ATLAS SENIOR LOAN FUND, LTD                      | ATLAS SENIOR LOAN FUND VII LTD ATCLO 2016-7A ER                           | CUSIP: 04941UAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1970258.00   | 3.63%             | 2031-11-27      | Floating      | 10.48%                | No            |                  2 | On Loan: No      |
| BLACK DIAMOND CLO LTD.                           | BLACK DIAMOND CLO 2025-2 LTD BLACK 2025-2A B                              | CUSIP: 09201EAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500939.00    | 0.92%             | 2038-10-15      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| APEX CREDIT CLO LTD                              | APEX CREDIT CLO 2019 LTD APEXC 2019-1A D1RR                               | CUSIP: 03754AAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $965862.00    | 1.78%             | 2037-07-18      | Floating      | 7.73%                 | Yes           |                  2 | On Loan: No      |
| APEX CREDIT CLO LTD                              | APEX CREDIT CLO 2020 LTD APEXC 2020-1A CRR                                | CUSIP: 03756ABJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   1000000 | PA      | $1001602.00   | 1.84%             | 2035-04-20      | Floating      | 6.53%                 | Yes           |                  2 | On Loan: No      |
| ATLAS SENIOR LOAN FUND, LTD                      | ATLAS SENIOR LOAN FUND XXV LTD ATCLO 2025-25A D1                          | CUSIP: 04943RAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $200242.00    | 0.37%             | 2038-07-20      | Floating      | 8.00%                 | Yes           |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO LTD                            | MOUNTAIN VIEW CLO XVIII LTD MVEW 2024-1A E                                | CUSIP: 623909AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    787500 | PA      | $797544.56    | 1.47%             | 2037-10-16      | Floating      | 11.48%                | Yes           |                  2 | On Loan: No      |
| JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO LTD | JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO 2024- JCPDL 2024-2A D1       | CUSIP: 471912AL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1248342.50   | 2.30%             | 2037-01-20      | Floating      | 8.33%                 | Yes           |                  2 | On Loan: No      |
| CQS US CLO LTD                                   | CQS US CLO 5 LTD CQS 2025-5A D1                                           | CUSIP: 12676EAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    369152 | PA      | $369152.00    | 0.68%             | 2039-01-17      | Floating      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| VOYA CLO                                         | VOYA CLO 2014-4 LTD VOYA 2014-4A DR                                       | CUSIP: 92914VAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    698000 | PA      | $689334.33    | 1.27%             | 2031-07-14      | Floating      | 10.12%                | No            |                  2 | On Loan: No      |
| ROMARK CLO LTD                                   | ROMARK CLO - IV LTD RMRK 2021-4A C1R                                      | CUSIP: 77588LAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1247707.50   | 2.30%             | 2034-07-10      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| VENTURE CLO LIMITED                              | VENTURE 45 CLO LTD VENTR 2022-45A BR                                      | CUSIP: 92326GAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    625000 | PA      | $624687.50    | 1.15%             | 2035-07-20      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| N/A                                              | TCP WHITNEY CLO LTD TCP 2017-1A D2R2                                      | CUSIP: 87240PBE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    593750 | PA      | $593874.27    | 1.09%             | 2037-11-20      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| CQS US CLO LTD                                   | CQS US CLO 5 LTD CQS 2025-5A C                                            | CUSIP: 12676EAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    738305 | PA      | $738305.00    | 1.36%             | 2039-01-17      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| LCM LTD.                                         | LCM 39 LTD LCM 39A ER                                                     | CUSIP: 50204QAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $988889.00    | 1.82%             | 2034-10-15      | Floating      | 10.90%                | Yes           |                  2 | On Loan: No      |
| SARATOGA INVESTMENT CORP SENIOR LOAN FUND LTD    | SARATOGA INVESTMENT CORP SENIOR LOAN FUND 2022-1 L SARAT 2022-1A CR       | CUSIP: 80349PAU0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $624504.38    | 1.15%             | 2037-10-20      | Floating      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| NAVESINK CLO LIMITED                             | NAVESINK CLO 1 LTD NAVS 2023-1A D1R                                       | CUSIP: 98886CBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007386.00   | 1.85%             | 2033-07-25      | Floating      | 7.76%                 | Yes           |                  2 | On Loan: No      |
| LCM LTD.                                         | LCM 40 LTD LCM 40A D1R                                                    | CUSIP: 50190KAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $999905.00    | 1.84%             | 2038-01-15      | Floating      | 7.65%                 | Yes           |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO LTD                  | BATTALION CLO XXVIII LTD CLASS SUB NOTES (144A) SERIES: 25-28A CLASS: SUB | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | US        |   1639840 | PA      | $1246278.40   | 2.29%             | 2024-07-15      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| STEELE CREEK CLO                                 | STEELE CREEK CLO 2018-1 LTD STCR 2018-1X A                                | CUSIP: G8462CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     37417 | PA      | $37409.25     | 0.07%             | 2031-04-15      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| ATLAS SENIOR LOAN FUND, LTD                      | ATLAS SENIOR LOAN FUND XXIII LTD ATCLO 2024-23A C                         | CUSIP: 04942HAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1003082.00   | 1.85%             | 2037-07-20      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| TCW CLO LTD                                      | TCW CLO 2017-1 LTD TCW 2017-1A D1R4                                       | CUSIP: 87240NCC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $399806.80    | 0.74%             | 2038-03-24      | Floating      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| VOYA CLO                                         | VOYA CLO 2013-2 LTD INGIM 2013-2A DR                                      | CUSIP: 92916YAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1937500 | PA      | $1894053.50   | 3.49%             | 2031-04-25      | Floating      | 9.72%                 | No            |                  2 | On Loan: No      |
| ABRY LIQUID CREDIT CLO LTD                       | ABRY LIQUID CREDIT CLO 2025-1 LTD ALC 2025-1A E                           | CUSIP: 00383TAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $625199.38    | 1.15%             | 2038-10-20      | Floating      | 9.95%                 | Yes           |                  2 | On Loan: No      |
| RAD CLO LTD.                                     | RAD CLO 18 LTD RAD 2023-18A ER                                            | CUSIP: 75009BAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $492758.50    | 0.91%             | 2037-07-15      | Floating      | 10.40%                | Yes           |                  2 | On Loan: No      |
| VENTURE CLO LIMITED                              | VENTURE 28A CLO LTD VENTR 2017-28AA DR                                    | CUSIP: 92331DBE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $825522.55    | 1.52%             | 2034-10-20      | Floating      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| IVY HILL MIDDLE MARKET CREDIT FUND, LTD.         | IVY HILL MIDDLE MARKET CREDIT FUND IX LTD IVYH 9A ER3                     | CUSIP: 46604EBG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $490461.00    | 0.90%             | 2037-07-23      | Floating      | 10.61%                | Yes           |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO LTD                            | MOUNTAIN VIEW CLO XVII LTD MVEW 2023-1A D1R                               | CUSIP: 62431QAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1241880.00   | 2.29%             | 2038-10-15      | Floating      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| OCEAN TRAILS CLO                                 | OCEAN TRAILS CLO IX OCTR 2020-9A D1RA                                     | CUSIP: 67515XBE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1247711.25   | 2.30%             | 2038-01-15      | Floating      | 7.05%                 | Yes           |                  2 | On Loan: No      |
| ATLAS SENIOR LOAN FUND, LTD                      | ATLAS SENIOR LOAN FUND XXVI LTD ATCLO 2025-26A B                          | CUSIP: 04942WAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $625827.50    | 1.15%             | 2038-10-22      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| OCEAN TRAILS CLO                                 | OCEAN TRAILS CLO 8 OCTR 2020-8A D1R2                                      | CUSIP: 67514UBH3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 1.84%             | 2038-03-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO LTD | JCP DIRECT LENDING CLO SERIES: 24-1A CLASS: SUB                           | CUSIP: 47234UAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $328000.00    | 0.60%             | 2036-07-25      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| BARINGS CLO LTD                                  | BARINGS CLO LTD 2019-III BABSN 2019-3A D2RR                               | CUSIP: 06761KBG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1141769.45   | 2.10%             | 2036-01-20      | Floating      | 7.98%                 | Yes           |                  2 | On Loan: No      |
| TCW CLO LTD                                      | TCW CLO 2021-2 LTD TCW 2021-2A D1R                                        | CUSIP: 87190MAY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1102442.00   | 2.03%             | 2038-10-24      | Floating      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| LCM LTD.                                         | LCM 38 LTD LCM 38A D1R2                                                   | CUSIP: 50204HBN0<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | ABS-CBDO         | CORP              | JE        |   2420000 | PA      | $2415631.90   | 4.45%             | 2038-11-04      | Floating      | 7.67%                 | Yes           |                  2 | On Loan: No      |
| ELEVATION CLO LTD                                | ELEVATION CLO 2013-1 LTD AWPT 2013-1A D1R3                                | CUSIP: 28623FAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1251715.00   | 2.30%             | 2038-07-25      | Floating      | 7.57%                 | Yes           |                  2 | On Loan: No      |
| ABRY LIQUID CREDIT CLO LTD                       | ABRY LIQUID CREDIT CLO 2025-1 LTD ALC 2025-1A D                           | CUSIP: 00383LAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $626226.88    | 1.15%             | 2038-10-20      | Floating      | 7.20%                 | Yes           |                  2 | On Loan: No      |
| VOYA CLO                                         | VOYA CLO 2017-1 LTD VOYA 2017-1A D                                        | CUSIP: 92916NAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $738365.25    | 1.36%             | 2030-04-17      | Floating      | 10.24%                | No            |                  2 | On Loan: No      |
| BATTALION CLO LTD                                | BATTALION CLO XXVIII LTD BATLN 2025-28A D2                                | CUSIP: 07135AAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $299774.70    | 0.55%             | 2038-01-20      | Floating      | 7.83%                 | Yes           |                  2 | On Loan: No      |
| CATAMARAN CLO LTD                                | CATAMARAN CLO 2014-1 LTD CRMN 2014-1A BR                                  | CUSIP: 14889DAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    125000 | PA      | $125161.25    | 0.23%             | 2030-04-22      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| THL CREDIT LAKE SHORE MM CLO LTD.                | THL CREDIT LAKE SHORE MM CLO I LTD THLLS 2019-1A A1R                      | CUSIP: 510800AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    916586 | PA      | $916683.62    | 1.69%             | 2033-04-15      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| LCM LTD.                                         | LCM 31 LTD LCM 31A ER                                                     | CUSIP: 50200UAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $455960.50    | 0.84%             | 2034-07-20      | Floating      | 11.13%                | Yes           |                  2 | On Loan: No      |
| MAGNETITE CLO, LIMITED                           | MAGNETITE XXV LTD MAGNE 2020-25A D                                        | CUSIP: 55955GAD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250173.00    | 0.46%             | 2032-01-25      | Floating      | 7.42%                 | Yes           |                  2 | On Loan: No      |
| LCM LIMITED PARTNERSHIP                          | LCM XVII LP LCM 17A CRR                                                   | CUSIP: 50190AAT9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    125000 | PA      | $125157.75    | 0.23%             | 2031-10-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| OCP CLO LTD                                      | OCP CLO 2024-38 SERIES: 2024-38A                                          | CUSIP: 67120JAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $700000.00    | 1.29%             | 2038-01-21      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| OCEAN TRAILS CLO                                 | OCEAN TRAILS CLO 8 OCTR 2020-8A ERR                                       | CUSIP: 67514WAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996250.00    | 1.83%             | 2034-07-15      | Floating      | 11.40%                | Yes           |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO LTD                  | BATTALION CLO XXIX LTD CLASS SUB NOTES (144A) SERIES: 25-29 A CLASS: SUB  | CUSIP: 08179JAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $208750.00    | 0.38%             | 2030-10-15      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO LTD | JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO 2024- JCPDL 2024-1A E        | CUSIP: 47234UAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249637.75    | 0.46%             | 2036-07-25      | Floating      | 12.11%                | Yes           |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO LTD                            | MOUNTAIN VIEW CLO XVIII LTD MVEW 2024-1A D1                               | CUSIP: 623908AL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1202869.20   | 2.21%             | 2037-10-16      | Floating      | 7.54%                 | Yes           |                  2 | On Loan: No      |
| TCW CLO LTD                                      | TCW CLO 2021-2 LTD TCW 2021-2A DJR                                        | CUSIP: 87190MBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350246.05    | 0.64%             | 2038-10-24      | Floating      | 8.47%                 | Yes           |                  2 | On Loan: No      |
| MIDOCEAN CREDIT CLO                              | MIDOCEAN CREDIT CLO SERIES: 25-18A CLASS: SUB                             | CUSIP: 59803MAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $200000.00    | 0.37%             | 2035-10-15      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CROWN POINT CLO LTD                              | CROWN POINT CLO 7 LTD CRNPT 2018-7A AR                                    | CUSIP: 22846MAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    115720 | PA      | $115701.96    | 0.21%             | 2031-10-20      | Floating      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| APEX CREDIT CLO LTD                              | APEX CREDIT CLO 12 LTD APEXC 2025-12A D1                                  | CUSIP: 03753GAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500690.50    | 0.92%             | 2038-04-20      | Floating      | 7.63%                 | Yes           |                  2 | On Loan: No      |
| WIND RIVER CLO LTD.                              | THL CREDIT WIND RIVER 2019-3 CLO LTD WINDR 2019-3A CR3                    | CUSIP: 97314JBG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.92%             | 2038-01-15      | Floating      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| MIDOCEAN CREDIT CLO                              | MIDOCEAN CREDIT CLO SERIES: 24-16A CLASS: SUB                             | CUSIP: 597922AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $697850.00    | 1.28%             | 2037-10-20      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| APEX CREDIT CLO LTD                              | APEX CREDIT CLO 2020-II LLC APEXC 2020-2A DR                              | CUSIP: 03753JAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $994662.00    | 1.83%             | 2038-10-20      | Floating      | 7.62%                 | Yes           |                  2 | On Loan: No      |
| WELLFLEET CLO LIMITED                            | WELLFLEET CLO LTD SERIES: 24-2A CLASS: SUB                                | CUSIP: 94951FAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1014200 | PA      | $659230.00    | 1.21%             | 2038-02-25      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO LTD                  | BENEFIT STREET PARTNERS CLO XV 7/18/2031                                  | CUSIP: G0988BAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1895349 | PA      | $871860.54    | 1.61%             | 2031-07-18      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| BATTALION CLO LTD                                | BATTALION CLO XXVIII LTD BATLN 2025-28A F                                 | CUSIP: 07135BAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $231261.75    | 0.43%             | 2038-01-20      | Floating      | 12.92%                | Yes           |                  2 | On Loan: No      |
| TCW CLO LTD                                      | TCW CLO 2021-2 LTD TCW 2021-2A ER                                         | CUSIP: 87301QAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $589752.00    | 1.09%             | 2038-10-24      | Floating      | 11.02%                | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** SEI Alternative Income Fund

**Signature:** Glenn Kurdziel

**Name of Signer:** Glenn Kurdziel

**Title:** Controller and Chief Financial Officer