# EDGAR Filing Document

**Accession Number:** 0001003632
**File Stem:** 0001752724-23-048963
**Filing Date:** 2023-3
**Character Count:** 78498
**Document Hash:** 53caaacfeae689762bcbbe045b50bbc0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048963.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048963

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEI ASSET ALLOCATION TRUST
- **CENTRAL INDEX KEY:** 0001003632
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07445
- **FILM NUMBER:** 23690627

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** 610 676-3097

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

## Series and Classes Contracts Data

### SAAT CORE MARKET STRATEGY ALLOCATION FUND (Series ID: S000005815)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000015960 | SAAT CORE MARKET STRATEGY ALLOCATION FUND - CLASS F | SKTAX           |

## Nport-Ex

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Defensive Strategy Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 99.9%** | **AFFILIATED INVESTMENT FUNDS — 99.9%** | **AFFILIATED INVESTMENT FUNDS — 99.9%** |
| **Fixed Income Funds — 55.7%** | **Fixed Income Funds — 55.7%** |  |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust Short Duration Government Fund, Cl Y  | 390794 | $3838 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Conservative Income Fund, <br> Cl Y  | 192141 | 1923 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y  | 80895 | 766 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Real Return Fund, Cl Y  | 68009 | 639 |
| Total Fixed Income Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $7,538) ($ Thousands) |  | 7166 |
| **Multi-Asset Funds — 29.9%** | **Multi-Asset Funds — 29.9%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Cap Stability Fund, Cl Y  | 263104 | 2560 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Income Fund, Cl Y  | 67996 | 639 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund, Cl Y  | 79610 | 640 |
| Total Multi-Asset Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,952) ($ Thousands) |  | 3839 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS (continued)** | **AFFILIATED INVESTMENT FUNDS (continued)** | **AFFILIATED INVESTMENT FUNDS (continued)** |
| **Equity Funds — 9.3%** | **Equity Funds — 9.3%** |  |
| &nbsp;&nbsp;&nbsp;SEI Enhanced Low Volatility US Large Cap ETF  | 12034 | $298 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Global Managed Volatility Fund, Cl Y  | 66850 | 638 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust U.S. Managed Volatility Fund, <br> Cl Y  | 16657 | 257 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,178) ($ Thousands) |  | 1193 |
| **Money Market Fund — 5.0%** | **Money Market Fund — 5.0%** |  |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust Government Fund, Cl F, 3.743%\* | 640693 | 641 |
| Total Money Market Fund  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $641) ($ Thousands) |  | 641 |
| Total Investments in Securities — 99.9% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $13,309) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $13,309) ($ Thousands)  | $12839 |

---

Percentages are based on Net Assets of $12,858 ($ Thousands).

\*The rate reported is the 7-day effective yield as of December 31, 2022.

Cl — Class

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

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust Short Duration Government Fund, Cl Y | $&nbsp;&nbsp;&nbsp;&nbsp;4356 | $&nbsp;&nbsp;&nbsp;&nbsp;412 | $&nbsp;&nbsp;&nbsp;&nbsp;(813) | $&nbsp;&nbsp;&nbsp;&nbsp;(47) | $&nbsp;&nbsp;&nbsp;&nbsp;(70) | $&nbsp;&nbsp;&nbsp;&nbsp;3838 | $&nbsp;&nbsp;&nbsp;&nbsp;45 | &nbsp;&nbsp;&nbsp;&nbsp;$— |
| SEI Institutional Managed Trust Conservative Income, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;2175 | &nbsp;&nbsp;&nbsp;&nbsp;232 | &nbsp;&nbsp;&nbsp;&nbsp;(484) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1923 | &nbsp;&nbsp;&nbsp;&nbsp;31 |  |
| SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;874 | &nbsp;&nbsp;&nbsp;&nbsp;158 | &nbsp;&nbsp;&nbsp;&nbsp;(170) | &nbsp;&nbsp;&nbsp;&nbsp;(27) | &nbsp;&nbsp;&nbsp;&nbsp;(69) | &nbsp;&nbsp;&nbsp;&nbsp;766 | &nbsp;&nbsp;&nbsp;&nbsp;18 |  |
| SEI Institutional Managed Trust Real Return Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;724 | &nbsp;&nbsp;&nbsp;&nbsp;118 | &nbsp;&nbsp;&nbsp;&nbsp;(125) | &nbsp;&nbsp;&nbsp;&nbsp;(4) | &nbsp;&nbsp;&nbsp;&nbsp;(74) | &nbsp;&nbsp;&nbsp;&nbsp;639 | &nbsp;&nbsp;&nbsp;&nbsp;50 |  |
| SEI Institutional Managed Trust Multi-Asset Cap Stability, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;2896 | &nbsp;&nbsp;&nbsp;&nbsp;288 | &nbsp;&nbsp;&nbsp;&nbsp;(520) | &nbsp;&nbsp;&nbsp;&nbsp;(12) | &nbsp;&nbsp;&nbsp;&nbsp;(92) | &nbsp;&nbsp;&nbsp;&nbsp;2560 | &nbsp;&nbsp;&nbsp;&nbsp;50 |  |
| SEI Institutional Managed Trust Multi-Asset Income Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;727 | &nbsp;&nbsp;&nbsp;&nbsp;126 | &nbsp;&nbsp;&nbsp;&nbsp;(120) | &nbsp;&nbsp;&nbsp;&nbsp;(9) | &nbsp;&nbsp;&nbsp;&nbsp;(85) | &nbsp;&nbsp;&nbsp;&nbsp;639 | &nbsp;&nbsp;&nbsp;&nbsp;33 |  |
| SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;728 | &nbsp;&nbsp;&nbsp;&nbsp;139 | &nbsp;&nbsp;&nbsp;&nbsp;(161) | &nbsp;&nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;(80) | &nbsp;&nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp;70 |  |
| SEI Enhanced Low Volatility US Large Cap ETF |  | &nbsp;&nbsp;&nbsp;&nbsp;298 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;298 | &nbsp;&nbsp;&nbsp;&nbsp;4 |  |
| SEI Institutional Managed Trust Global Managed Volatility Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;729 | &nbsp;&nbsp;&nbsp;&nbsp;182 | &nbsp;&nbsp;&nbsp;&nbsp;(198) | &nbsp;&nbsp;&nbsp;&nbsp;27 | &nbsp;&nbsp;&nbsp;&nbsp;(102) | &nbsp;&nbsp;&nbsp;&nbsp;638 | &nbsp;&nbsp;&nbsp;&nbsp;35 | 28 |
| SEI Institutional Managed Trust U.S. Managed Volatility Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;583 | &nbsp;&nbsp;&nbsp;&nbsp;113 | &nbsp;&nbsp;&nbsp;&nbsp;(407) | &nbsp;&nbsp;&nbsp;&nbsp;43 | &nbsp;&nbsp;&nbsp;&nbsp;(75) | &nbsp;&nbsp;&nbsp;&nbsp;257 | &nbsp;&nbsp;&nbsp;&nbsp;7 | 21 |
| SEI Daily Income Trust Government Fund, Cl F | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;&nbsp;(160) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;641 | &nbsp;&nbsp;&nbsp;&nbsp;9 |  |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;14517 | $&nbsp;&nbsp;&nbsp;&nbsp;2142 | $&nbsp;&nbsp;&nbsp;&nbsp;(3158) | $&nbsp;&nbsp;&nbsp;&nbsp;(15) | $&nbsp;&nbsp;&nbsp;&nbsp;(647) | $&nbsp;&nbsp;&nbsp;&nbsp;12839 | $&nbsp;&nbsp;&nbsp;&nbsp;352 | &nbsp;&nbsp;&nbsp;&nbsp;$49 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Defensive Strategy Allocation Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 98.5%** | **AFFILIATED INVESTMENT FUNDS — 98.5%** | **AFFILIATED INVESTMENT FUNDS — 98.5%** |
| **Money Market Fund — 79.6%** | **Money Market Fund — 79.6%** |  |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust Government Fund, Cl F, 3.743%\*<sup>†</sup> | 3075949 | $3076 |
| Total Money Market Fund  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,076) ($ Thousands) |  | 3076 |
| **Fixed Income Fund — 18.9%** | **Fixed Income Fund — 18.9%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | 135617 | 732 |
| Total Fixed Income Fund  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $840) ($ Thousands) |  | 732 |
| Total Investments in Securities — 98.5% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,916) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $3,916) ($ Thousands)  | $3808 |

---

Percentages are based on Net Assets of $3,866 ($ Thousands).

Cl — Class

\* Represents greater than 50% of the Fund's total investments. For further financial information, available upon request at no charge, please go to the Securities Exchange Commission's website at http://www.sec.gov or call 1-800-DIAL-SEI.

<sup>†</sup> The rate reported is the 7-day effective yield as of December 31, 2022.

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

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust Government Fund, Cl F | $&nbsp;&nbsp;&nbsp;&nbsp;3502 | $&nbsp;&nbsp;&nbsp;&nbsp;210 | $&nbsp;&nbsp;&nbsp;&nbsp;(636) | $&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;3076 | $&nbsp;&nbsp;&nbsp;&nbsp;44 | $&nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;842 | &nbsp;&nbsp;&nbsp;&nbsp;201 | &nbsp;&nbsp;&nbsp;&nbsp;(148) | &nbsp;&nbsp;&nbsp;&nbsp;(18) | &nbsp;&nbsp;&nbsp;&nbsp;(145) | &nbsp;&nbsp;&nbsp;&nbsp;732 | &nbsp;&nbsp;&nbsp;&nbsp;94 |  |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;4344 | $&nbsp;&nbsp;&nbsp;&nbsp;411 | $&nbsp;&nbsp;&nbsp;&nbsp;(784) | $&nbsp;&nbsp;&nbsp;&nbsp;(18) | $&nbsp;&nbsp;&nbsp;&nbsp;(145) | $&nbsp;&nbsp;&nbsp;&nbsp;3808 | $&nbsp;&nbsp;&nbsp;&nbsp;138 | &nbsp;&nbsp;&nbsp;&nbsp;$— |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Conservative Strategy Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 99.7%** | **AFFILIATED INVESTMENT FUNDS — 99.7%** | **AFFILIATED INVESTMENT FUNDS — 99.7%** |
| **Fixed Income Funds — 50.5%** | **Fixed Income Funds — 50.5%** |  |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust Short Duration Government Fund, Cl Y  | 729162 | $7160 |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust Ultra Short Duration Bond Fund, Cl Y  | 210250 | 1915 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | 178752 | 1436 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Conservative Income Fund, Cl Y  | 477675 | 4782 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y  | 596084 | 5645 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | 262934 | 1420 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Real Return Fund, Cl Y  | 203763 | 1913 |
| Total Fixed Income Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $26,126) ($ Thousands) |  | 24271 |
| **Multi-Asset Funds — 30.8%** | **Multi-Asset Funds — 30.8%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Accumulation Fund, Cl Y  | 207958 | 1404 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Cap Stability Fund, Cl Y  | 834460 | 8119 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Income Fund, Cl Y  | 304374 | 2858 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund, Cl Y  | 297359 | 2391 |
| Total Multi-Asset Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $15,684) ($ Thousands) |  | 14772 |
| **Equity Funds — 18.4%** | **Equity Funds — 18.4%** |  |
| &nbsp;&nbsp;&nbsp;SEI Enhanced Low Volatility US Large Cap ETF  | 79059 | 1960 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Global Managed Volatility Fund, Cl Y  | 547032 | 5224 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust U.S. Managed Volatility Fund, Cl Y  | 108053 | 1667 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $8,871) ($ Thousands) |  | 8851 |
| Total Investments in Securities — 99.7% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $50,681) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $50,681) ($ Thousands)  | $47894 |

---

Percentages are based on Net Assets of $48,016 ($ Thousands).

Cl — Class

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Conservative Strategy Fund** 

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust Short Duration Government Fund, Cl Y  | $&nbsp;&nbsp;&nbsp;&nbsp;8772 | $&nbsp;&nbsp;&nbsp;&nbsp;443 | $&nbsp;&nbsp;&nbsp;&nbsp;(1838) | $&nbsp;&nbsp;&nbsp;&nbsp;(110) | $&nbsp;&nbsp;&nbsp;&nbsp;(107) | $&nbsp;&nbsp;&nbsp;&nbsp;7160 | $&nbsp;&nbsp;&nbsp;&nbsp;87 | $&nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Daily Income Trust Ultra Short Duration Bond Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;2359 | &nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;(540) | &nbsp;&nbsp;&nbsp;&nbsp;(12) | &nbsp;&nbsp;&nbsp;&nbsp;(13) | &nbsp;&nbsp;&nbsp;&nbsp;1915 | &nbsp;&nbsp;&nbsp;&nbsp;27 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;1774 | &nbsp;&nbsp;&nbsp;&nbsp;304 | &nbsp;&nbsp;&nbsp;&nbsp;(492) | &nbsp;&nbsp;&nbsp;&nbsp;(119) | &nbsp;&nbsp;&nbsp;&nbsp;(31) | &nbsp;&nbsp;&nbsp;&nbsp;1436 | &nbsp;&nbsp;&nbsp;&nbsp;27 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Conservative Income Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;5913 | &nbsp;&nbsp;&nbsp;&nbsp;309 | &nbsp;&nbsp;&nbsp;&nbsp;(1440) | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;4782 | &nbsp;&nbsp;&nbsp;&nbsp;79 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;6966 | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;(1468) | &nbsp;&nbsp;&nbsp;&nbsp;(275) | &nbsp;&nbsp;&nbsp;&nbsp;(438) | &nbsp;&nbsp;&nbsp;&nbsp;5645 | &nbsp;&nbsp;&nbsp;&nbsp;133 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;1779 | &nbsp;&nbsp;&nbsp;&nbsp;337 | &nbsp;&nbsp;&nbsp;&nbsp;(373) | &nbsp;&nbsp;&nbsp;&nbsp;(52) | &nbsp;&nbsp;&nbsp;&nbsp;(271) | &nbsp;&nbsp;&nbsp;&nbsp;1420 | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Real Return Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;2325 | &nbsp;&nbsp;&nbsp;&nbsp;289 | &nbsp;&nbsp;&nbsp;&nbsp;(466) | &nbsp;&nbsp;&nbsp;&nbsp;(7) | &nbsp;&nbsp;&nbsp;&nbsp;(228) | &nbsp;&nbsp;&nbsp;&nbsp;1913 | &nbsp;&nbsp;&nbsp;&nbsp;151 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Accumulation Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;1755 | &nbsp;&nbsp;&nbsp;&nbsp;464 | &nbsp;&nbsp;&nbsp;&nbsp;(396) | &nbsp;&nbsp;&nbsp;&nbsp;(101) | &nbsp;&nbsp;&nbsp;&nbsp;(318) | &nbsp;&nbsp;&nbsp;&nbsp;1404 | &nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Cap Stability Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;10070 | &nbsp;&nbsp;&nbsp;&nbsp;532 | &nbsp;&nbsp;&nbsp;&nbsp;(2153) | &nbsp;&nbsp;&nbsp;&nbsp;(28) | &nbsp;&nbsp;&nbsp;&nbsp;(302) | &nbsp;&nbsp;&nbsp;&nbsp;8119 | &nbsp;&nbsp;&nbsp;&nbsp;161 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Income Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;3506 | &nbsp;&nbsp;&nbsp;&nbsp;542 | &nbsp;&nbsp;&nbsp;&nbsp;(769) | &nbsp;&nbsp;&nbsp;&nbsp;(43) | &nbsp;&nbsp;&nbsp;&nbsp;(378) | &nbsp;&nbsp;&nbsp;&nbsp;2858 | &nbsp;&nbsp;&nbsp;&nbsp;151 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;2925 | &nbsp;&nbsp;&nbsp;&nbsp;505 | &nbsp;&nbsp;&nbsp;&nbsp;(794) | &nbsp;&nbsp;&nbsp;&nbsp;(83) | &nbsp;&nbsp;&nbsp;&nbsp;(162) | &nbsp;&nbsp;&nbsp;&nbsp;2391 | &nbsp;&nbsp;&nbsp;&nbsp;262 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced Low Volatility US Large Cap ETF |  | &nbsp;&nbsp;&nbsp;&nbsp;1960 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1960 | &nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Global Managed Volatility Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;6602 | &nbsp;&nbsp;&nbsp;&nbsp;1437 | &nbsp;&nbsp;&nbsp;&nbsp;(2236) | &nbsp;&nbsp;&nbsp;&nbsp;158 | &nbsp;&nbsp;&nbsp;&nbsp;(737) | &nbsp;&nbsp;&nbsp;&nbsp;5224 | &nbsp;&nbsp;&nbsp;&nbsp;287 | &nbsp;&nbsp;&nbsp;&nbsp;238 |
| SEI Institutional Managed Trust U.S. Managed Volatility Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;4200 | &nbsp;&nbsp;&nbsp;&nbsp;577 | &nbsp;&nbsp;&nbsp;&nbsp;(2915) | &nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp;(415) | &nbsp;&nbsp;&nbsp;&nbsp;1667 | &nbsp;&nbsp;&nbsp;&nbsp;47 | &nbsp;&nbsp;&nbsp;&nbsp;140 |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;58946 | $&nbsp;&nbsp;&nbsp;&nbsp;8680 | $&nbsp;&nbsp;&nbsp;&nbsp;(15880) | $&nbsp;&nbsp;&nbsp;&nbsp;(451) | $&nbsp;&nbsp;&nbsp;&nbsp;(3401) | $&nbsp;&nbsp;&nbsp;&nbsp;47894 | $&nbsp;&nbsp;&nbsp;&nbsp;1752 | $&nbsp;&nbsp;&nbsp;&nbsp;378 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Conservative Strategy Allocation Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 99.7%** | **AFFILIATED INVESTMENT FUNDS — 99.7%** | **AFFILIATED INVESTMENT FUNDS — 99.7%** |
| **Equity Funds — 47.1%** | **Equity Funds — 47.1%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Real Estate Fund, Cl Y  | 249265 | $3357 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust U.S. Managed Volatility Fund, Cl Y  | 434990 | 6712 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $7,787) ($ Thousands) |  | 10069 |
| **Fixed Income Fund — 32.7%** | **Fixed Income Fund — 32.7%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | 1294395 | 6990 |
| Total Fixed Income Fund  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $8,160) ($ Thousands) |  | 6990 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS (continued)** | **AFFILIATED INVESTMENT FUNDS (continued)** | **AFFILIATED INVESTMENT FUNDS (continued)** |
| **Money Market Fund — 19.9%** | **Money Market Fund — 19.9%** |  |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust Government Fund, Cl F, 3.743%\* | 4244090 | $4244 |
| Total Money Market Fund  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $4,244) ($ Thousands) |  | 4244 |
| Total Investments in Securities — 99.7% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $20,191) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $20,191) ($ Thousands)  | $21303 |

---

Percentages are based on Net Assets of $21,370 ($ Thousands).

\*The rate reported is the 7-day effective yield as of December 31, 2022.

Cl — Class<br>

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

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22**  | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain (Loss)** | **Change in Unrealized Appreciation (Depreciation)** | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Institutional Managed Trust Real Estate Fund, Cl Y | $&nbsp;&nbsp;&nbsp;&nbsp;4291 | $&nbsp;&nbsp;&nbsp;&nbsp;1035 | $&nbsp;&nbsp;&nbsp;&nbsp;(845) | $&nbsp;&nbsp;&nbsp;&nbsp;9 | $&nbsp;&nbsp;&nbsp;&nbsp;(1133) | $&nbsp;&nbsp;&nbsp;&nbsp;3357 | $&nbsp;&nbsp;&nbsp;&nbsp;92 | $&nbsp;&nbsp;&nbsp;&nbsp;91 |
| SEI Institutional Managed Trust U.S. Managed Volatility Fund, Cl Y | 8457 | 1032 | (1809) | 244 | (1212) | 6712 | 147 | 585 |
| SEI Institutional Managed Trust High Yield Bond Fund, Cl Y | 9042 | 1113 | (1497) | (229) | (1439) | 6990 | 917 |  |
| SEI Daily Income Trust Government Fund | 5409 | 492 | (1657) |  |  | 4244 | 61 |  |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;27199 | $&nbsp;&nbsp;&nbsp;&nbsp;3672 | $&nbsp;&nbsp;&nbsp;&nbsp;(5808) | $&nbsp;&nbsp;&nbsp;&nbsp;24 | $&nbsp;&nbsp;&nbsp;&nbsp;(3784) | $&nbsp;&nbsp;&nbsp;&nbsp;21303 | $&nbsp;&nbsp;&nbsp;&nbsp;1217 | $&nbsp;&nbsp;&nbsp;&nbsp;676 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Moderate Strategy Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 99.8%** | **AFFILIATED INVESTMENT FUNDS — 99.8%** | **AFFILIATED INVESTMENT FUNDS — 99.8%** |
| **Fixed Income Funds — 35.5%** | **Fixed Income Funds — 35.5%** |  |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust Short Duration Government Fund, Cl Y  | 783645 | $7695 |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust Ultra Short Duration Bond Fund, Cl Y  | 317584 | 2893 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | 360297 | 2893 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y  | 1605654 | 15206 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | 532651 | 2876 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Real Return Fund, Cl Y  | 307786 | 2890 |
| Total Fixed Income Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $39,218) ($ Thousands) |  | 34453 |
| **Multi-Asset Funds — 34.3%** | **Multi-Asset Funds — 34.3%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Accumulation Fund, Cl Y  | 2114363 | 14272 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Cap Stability Fund, Cl Y  | 990579 | 9638 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Income Fund, Cl Y  | 512943 | 4817 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund, Cl Y  | 599377 | 4819 |
| Total Multi-Asset Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $39,561) ($ Thousands) |  | 33546 |
| **Equity Funds — 30.0%** | **Equity Funds — 30.0%** |  |
| &nbsp;&nbsp;&nbsp;SEI Enhanced Low Volatility US Large Cap ETF  | 235639 | 5841 |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Momentum Factor ETF  | 37251 | 903 |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Quality Factor ETF  | 18753 | 470 |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Value Factor ETF  | 37446 | 884 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Global Managed Volatility Fund, Cl Y  | 1508623 | 14407 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Large Cap Fund, Cl Y  | 151581 | 1924 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust U.S. Managed Volatility Fund, Cl Y  | 312126 | 4816 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $29,547) ($ Thousands) |  | 29245 |
| Total Investments in Securities — 99.8% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $108,326) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $108,326) ($ Thousands)  | $97244 |

---

Percentages are based on Net Assets of $97,408 ($ Thousands).

Cl — Class

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Moderate Strategy Fund** 

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Daily Income Trust Short Duration Government Fund, Cl Y  | $&nbsp;&nbsp;&nbsp;&nbsp;9792 | $&nbsp;&nbsp;&nbsp;&nbsp;217 | $&nbsp;&nbsp;&nbsp;&nbsp;(2070) | $&nbsp;&nbsp;&nbsp;&nbsp;(128) | $&nbsp;&nbsp;&nbsp;&nbsp;(116) | $&nbsp;&nbsp;&nbsp;&nbsp;7695 | $&nbsp;&nbsp;&nbsp;&nbsp;96 | $&nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Daily Income Trust Ultra Short Duration Bond Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;3669 | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;(842) | &nbsp;&nbsp;&nbsp;&nbsp;(19) | &nbsp;&nbsp;&nbsp;&nbsp;(20) | &nbsp;&nbsp;&nbsp;&nbsp;2893 | &nbsp;&nbsp;&nbsp;&nbsp;42 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;3713 | &nbsp;&nbsp;&nbsp;&nbsp;217 | &nbsp;&nbsp;&nbsp;&nbsp;(711) | &nbsp;&nbsp;&nbsp;&nbsp;(186) | &nbsp;&nbsp;&nbsp;&nbsp;(140) | &nbsp;&nbsp;&nbsp;&nbsp;2893 | &nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;19791 | &nbsp;&nbsp;&nbsp;&nbsp;566 | &nbsp;&nbsp;&nbsp;&nbsp;(3128) | &nbsp;&nbsp;&nbsp;&nbsp;(561) | &nbsp;&nbsp;&nbsp;&nbsp;(1462) | &nbsp;&nbsp;&nbsp;&nbsp;15206 | &nbsp;&nbsp;&nbsp;&nbsp;367 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;3714 | &nbsp;&nbsp;&nbsp;&nbsp;401 | &nbsp;&nbsp;&nbsp;&nbsp;(563) | &nbsp;&nbsp;&nbsp;&nbsp;(77) | &nbsp;&nbsp;&nbsp;&nbsp;(599) | &nbsp;&nbsp;&nbsp;&nbsp;2876 | &nbsp;&nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Real Return Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;3645 | &nbsp;&nbsp;&nbsp;&nbsp;291 | &nbsp;&nbsp;&nbsp;&nbsp;(677) | &nbsp;&nbsp;&nbsp;&nbsp;(11) | &nbsp;&nbsp;&nbsp;&nbsp;(358) | &nbsp;&nbsp;&nbsp;&nbsp;2890 | &nbsp;&nbsp;&nbsp;&nbsp;236 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Accumulation Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;18373 | &nbsp;&nbsp;&nbsp;&nbsp;2349 | &nbsp;&nbsp;&nbsp;&nbsp;(2059) | &nbsp;&nbsp;&nbsp;&nbsp;(474) | &nbsp;&nbsp;&nbsp;&nbsp;(3917) | &nbsp;&nbsp;&nbsp;&nbsp;14272 | &nbsp;&nbsp;&nbsp;&nbsp;1373 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Cap Stability Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;12220 | &nbsp;&nbsp;&nbsp;&nbsp;242 | &nbsp;&nbsp;&nbsp;&nbsp;(2420) | &nbsp;&nbsp;&nbsp;&nbsp;(21) | &nbsp;&nbsp;&nbsp;&nbsp;(383) | &nbsp;&nbsp;&nbsp;&nbsp;9638 | &nbsp;&nbsp;&nbsp;&nbsp;191 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Income Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;6166 | &nbsp;&nbsp;&nbsp;&nbsp;294 | &nbsp;&nbsp;&nbsp;&nbsp;(894) | &nbsp;&nbsp;&nbsp;&nbsp;(81) | &nbsp;&nbsp;&nbsp;&nbsp;(668) | &nbsp;&nbsp;&nbsp;&nbsp;4817 | &nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;6077 | &nbsp;&nbsp;&nbsp;&nbsp;632 | &nbsp;&nbsp;&nbsp;&nbsp;(1390) | &nbsp;&nbsp;&nbsp;&nbsp;(111) | &nbsp;&nbsp;&nbsp;&nbsp;(389) | &nbsp;&nbsp;&nbsp;&nbsp;4819 | &nbsp;&nbsp;&nbsp;&nbsp;527 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Global Managed Volatility Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;18341 | &nbsp;&nbsp;&nbsp;&nbsp;1706 | &nbsp;&nbsp;&nbsp;&nbsp;(3251) | &nbsp;&nbsp;&nbsp;&nbsp;(137) | &nbsp;&nbsp;&nbsp;&nbsp;(2252) | &nbsp;&nbsp;&nbsp;&nbsp;14407 | &nbsp;&nbsp;&nbsp;&nbsp;795 | 659 |
| SEI Institutional Managed Trust Large Cap Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;4852 | &nbsp;&nbsp;&nbsp;&nbsp;764 | &nbsp;&nbsp;&nbsp;&nbsp;(2967) | &nbsp;&nbsp;&nbsp;&nbsp;39 | &nbsp;&nbsp;&nbsp;&nbsp;(764) | &nbsp;&nbsp;&nbsp;&nbsp;1924 | &nbsp;&nbsp;&nbsp;&nbsp;24 | 169 |
| SEI Institutional Managed Trust U.S. Managed Volatility Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;12172 | &nbsp;&nbsp;&nbsp;&nbsp;848 | &nbsp;&nbsp;&nbsp;&nbsp;(7173) | &nbsp;&nbsp;&nbsp;&nbsp;204 | &nbsp;&nbsp;&nbsp;&nbsp;(1235) | &nbsp;&nbsp;&nbsp;&nbsp;4816 | &nbsp;&nbsp;&nbsp;&nbsp;137 | 405 |
| SEI Enhanced US Large Cap Quality Factor ETF  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;467 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;470 | &nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced US Large Cap Momentum Factor ETF  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;935 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;903 | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced US Large Cap Value Factor ETF  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;935 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(32) | &nbsp;&nbsp;&nbsp;&nbsp;884 | &nbsp;&nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced Low Volatility US Large Cap ETF  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;5841 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(51) | &nbsp;&nbsp;&nbsp;&nbsp;5841 | &nbsp;&nbsp;&nbsp;&nbsp;74 |  |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;122525 | $&nbsp;&nbsp;&nbsp;&nbsp;16810 | $&nbsp;&nbsp;&nbsp;&nbsp;(28145) | $&nbsp;&nbsp;&nbsp;&nbsp;(1563) | $&nbsp;&nbsp;&nbsp;&nbsp;(12383) | $&nbsp;&nbsp;&nbsp;&nbsp;97244 | $&nbsp;&nbsp;&nbsp;&nbsp;4573 | $&nbsp;&nbsp;&nbsp;&nbsp;1233 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Moderate Strategy Allocation Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 99.7%** | **AFFILIATED INVESTMENT FUNDS — 99.7%** | **AFFILIATED INVESTMENT FUNDS — 99.7%** |
| **Equity Funds — 67.5%** | **Equity Funds — 67.5%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust International Equity Fund, Cl Y  | 302076 | $3024 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Real Estate Fund, Cl Y  | 220622 | 2972 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Tax-Managed Large Cap Fund, Cl Y  | 192805 | 5800 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust U.S. Managed Volatility Fund, Cl Y  | 1647874 | 25427 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $24,714) ($ Thousands) |  | 37223 |
| **Fixed Income Fund — 17.8%** | **Fixed Income Fund — 17.8%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | 1820641 | 9831 |
| Total Fixed Income Fund  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $11,881) ($ Thousands) |  | 9831 |
| **Money Market Fund — 14.4%** | **Money Market Fund — 14.4%** |  |
| &nbsp;&nbsp;&nbsp;SEI Daily Income Trust Government Fund, Cl F, 3.743%\* | 7969410 | 7969 |
| Total Money Market Fund  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $7,969) ($ Thousands) |  | 7969 |
| Total Investments in Securities — 99.7% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $44,564) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $44,564) ($ Thousands)  | $55023 |

---

Percentages are based on Net Assets of $55,196 ($ Thousands).

\* The rate reported is the 7-day effective yield as of December 31, 2022.

Cl — Class

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

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Institutional International Trust International Equity Fund, Cl Y  | $&nbsp;&nbsp;&nbsp;&nbsp;3618 | $&nbsp;&nbsp;&nbsp;&nbsp;339 | $&nbsp;&nbsp;&nbsp;&nbsp;(566) | $&nbsp;&nbsp;&nbsp;&nbsp;(97) | $&nbsp;&nbsp;&nbsp;&nbsp;(270) | $&nbsp;&nbsp;&nbsp;&nbsp;3024 | $&nbsp;&nbsp;&nbsp;&nbsp;62 | $&nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Real Estate Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;3699 | &nbsp;&nbsp;&nbsp;&nbsp;943 | &nbsp;&nbsp;&nbsp;&nbsp;(726) | &nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;(1004) | &nbsp;&nbsp;&nbsp;&nbsp;2972 | &nbsp;&nbsp;&nbsp;&nbsp;81 | &nbsp;&nbsp;&nbsp;&nbsp;81 |
| SEI Institutional Managed Trust Tax-Managed Large Cap Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;7049 | &nbsp;&nbsp;&nbsp;&nbsp;898 | &nbsp;&nbsp;&nbsp;&nbsp;(1213) | &nbsp;&nbsp;&nbsp;&nbsp;318 | &nbsp;&nbsp;&nbsp;&nbsp;(1252) | &nbsp;&nbsp;&nbsp;&nbsp;5800 | &nbsp;&nbsp;&nbsp;&nbsp;81 | &nbsp;&nbsp;&nbsp;&nbsp;311 |
| SEI Institutional Managed Trust U.S. Managed Volatility Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;30985 | &nbsp;&nbsp;&nbsp;&nbsp;3185 | &nbsp;&nbsp;&nbsp;&nbsp;(5225) | &nbsp;&nbsp;&nbsp;&nbsp;173 | &nbsp;&nbsp;&nbsp;&nbsp;(3691) | &nbsp;&nbsp;&nbsp;&nbsp;25427 | &nbsp;&nbsp;&nbsp;&nbsp;539 | &nbsp;&nbsp;&nbsp;&nbsp;2179 |
| SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;12086 | &nbsp;&nbsp;&nbsp;&nbsp;1924 | &nbsp;&nbsp;&nbsp;&nbsp;(1916) | &nbsp;&nbsp;&nbsp;&nbsp;(368) | &nbsp;&nbsp;&nbsp;&nbsp;(1895) | &nbsp;&nbsp;&nbsp;&nbsp;9831 | &nbsp;&nbsp;&nbsp;&nbsp;1254 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Daily Income Trust Government Fund, Cl F | &nbsp;&nbsp;&nbsp;&nbsp;9680 | &nbsp;&nbsp;&nbsp;&nbsp;1160 | &nbsp;&nbsp;&nbsp;&nbsp;(2871) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;7969 | &nbsp;&nbsp;&nbsp;&nbsp;112 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;67117 | $&nbsp;&nbsp;&nbsp;&nbsp;8449 | $&nbsp;&nbsp;&nbsp;&nbsp;(12517) | $&nbsp;&nbsp;&nbsp;&nbsp;86 | $&nbsp;&nbsp;&nbsp;&nbsp;(8112) | $&nbsp;&nbsp;&nbsp;&nbsp;55023 | $&nbsp;&nbsp;&nbsp;&nbsp;2129 | $&nbsp;&nbsp;&nbsp;&nbsp;2571 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Aggressive Strategy Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 99.9%** | **AFFILIATED INVESTMENT FUNDS — 99.9%** | **AFFILIATED INVESTMENT FUNDS — 99.9%** |
| **Equity Funds — 63.7%** | **Equity Funds — 63.7%** |  |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Momentum Factor ETF  | 207766 | $5033 |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Quality Factor ETF  | 115134 | 2885 |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Value Factor ETF  | 229897 | 5428 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Equity Fund, Cl Y  | 802502 | 7953 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust International Equity Fund, Cl Y  | 2383285 | 23857 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Dynamic Asset Allocation Fund, Cl Y  | 655808 | 8853 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Large Cap Fund, Cl Y  | 927070 | 11765 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Small Cap Fund, Cl Y  | 561125 | 6638 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $65,814) ($ Thousands) |  | 72412 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS (continued)** | **AFFILIATED INVESTMENT FUNDS (continued)** | **AFFILIATED INVESTMENT FUNDS (continued)** |
| **Multi-Asset Fund — 19.5%** | **Multi-Asset Fund — 19.5%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Accumulation Fund, Cl Y  | 3283256 | $22162 |
| Total Multi-Asset Fund  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $30,237) ($ Thousands) |  | 22162 |
| **Fixed Income Funds — 16.7%** | **Fixed Income Funds — 16.7%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | 844992 | 6785 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y  | 591074 | 5598 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | 1225608 | 6618 |
| Total Fixed Income Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $22,316) ($ Thousands) |  | 19001 |
| Total Investments in Securities — 99.9% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $118,367) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $118,367) ($ Thousands)  | $113575 |

---

Percentages are based on Net Assets of $113,639 ($ Thousands).

Cl — Class

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

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Institutional International Trust Emerging Markets Equity Fund, Cl Y  | $&nbsp;&nbsp;&nbsp;&nbsp;10278 | $&nbsp;&nbsp;&nbsp;&nbsp;815 | $&nbsp;&nbsp;&nbsp;&nbsp;(1479) | $&nbsp;&nbsp;&nbsp;&nbsp;(193) | $&nbsp;&nbsp;&nbsp;&nbsp;(1468) | $&nbsp;&nbsp;&nbsp;&nbsp;7953 | $&nbsp;&nbsp;&nbsp;&nbsp;186 | $&nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust International Equity Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;31053 | &nbsp;&nbsp;&nbsp;&nbsp;914 | &nbsp;&nbsp;&nbsp;&nbsp;(4681) | &nbsp;&nbsp;&nbsp;&nbsp;(186) | &nbsp;&nbsp;&nbsp;&nbsp;(3243) | &nbsp;&nbsp;&nbsp;&nbsp;23857 | &nbsp;&nbsp;&nbsp;&nbsp;491 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Dynamic Asset Allocation Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;11804 | &nbsp;&nbsp;&nbsp;&nbsp;1546 | &nbsp;&nbsp;&nbsp;&nbsp;(1693) | &nbsp;&nbsp;&nbsp;&nbsp;521 | &nbsp;&nbsp;&nbsp;&nbsp;(3325) | &nbsp;&nbsp;&nbsp;&nbsp;8853 | &nbsp;&nbsp;&nbsp;&nbsp;318 | &nbsp;&nbsp;&nbsp;&nbsp;829 |
| SEI Institutional Managed Trust Large Cap Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;31060 | &nbsp;&nbsp;&nbsp;&nbsp;1638 | &nbsp;&nbsp;&nbsp;&nbsp;(16295) | &nbsp;&nbsp;&nbsp;&nbsp;1618 | &nbsp;&nbsp;&nbsp;&nbsp;(6256) | &nbsp;&nbsp;&nbsp;&nbsp;11765 | &nbsp;&nbsp;&nbsp;&nbsp;148 | &nbsp;&nbsp;&nbsp;&nbsp;1042 |
| SEI Institutional Managed Trust Small Cap Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;8767 | &nbsp;&nbsp;&nbsp;&nbsp;434 | &nbsp;&nbsp;&nbsp;&nbsp;(1652) | &nbsp;&nbsp;&nbsp;&nbsp;(122) | &nbsp;&nbsp;&nbsp;&nbsp;(789) | &nbsp;&nbsp;&nbsp;&nbsp;6638 | &nbsp;&nbsp;&nbsp;&nbsp;39 | &nbsp;&nbsp;&nbsp;&nbsp;37 |
| SEI Institutional Managed Trust Multi-Asset Accumulation Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;29411 | &nbsp;&nbsp;&nbsp;&nbsp;2275 | &nbsp;&nbsp;&nbsp;&nbsp;(2460) | &nbsp;&nbsp;&nbsp;&nbsp;(578) | &nbsp;&nbsp;&nbsp;&nbsp;(6486) | &nbsp;&nbsp;&nbsp;&nbsp;22162 | &nbsp;&nbsp;&nbsp;&nbsp;2132 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;8978 | &nbsp;&nbsp;&nbsp;&nbsp;302 | &nbsp;&nbsp;&nbsp;&nbsp;(1671) | &nbsp;&nbsp;&nbsp;&nbsp;(445) | &nbsp;&nbsp;&nbsp;&nbsp;(379) | &nbsp;&nbsp;&nbsp;&nbsp;6785 | &nbsp;&nbsp;&nbsp;&nbsp;128 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;7333 | &nbsp;&nbsp;&nbsp;&nbsp;616 | &nbsp;&nbsp;&nbsp;&nbsp;(1582) | &nbsp;&nbsp;&nbsp;&nbsp;(287) | &nbsp;&nbsp;&nbsp;&nbsp;(482) | &nbsp;&nbsp;&nbsp;&nbsp;5598 | &nbsp;&nbsp;&nbsp;&nbsp;133 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;8913 | &nbsp;&nbsp;&nbsp;&nbsp;1114 | &nbsp;&nbsp;&nbsp;&nbsp;(1809) | &nbsp;&nbsp;&nbsp;&nbsp;(327) | &nbsp;&nbsp;&nbsp;&nbsp;(1273) | &nbsp;&nbsp;&nbsp;&nbsp;6618 | &nbsp;&nbsp;&nbsp;&nbsp;848 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced US Large Cap Quality Factor ETF | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2870 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;15 | &nbsp;&nbsp;&nbsp;&nbsp;2885 | &nbsp;&nbsp;&nbsp;&nbsp;24 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced US Large Cap Momentum Factor ETF | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;5740 | &nbsp;&nbsp;&nbsp;&nbsp;(524) | &nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;(181) | &nbsp;&nbsp;&nbsp;&nbsp;5033 | &nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced US Large Cap Value Factor ETF | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;5739 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(311) | &nbsp;&nbsp;&nbsp;&nbsp;5428 | &nbsp;&nbsp;&nbsp;&nbsp;89 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;147597 | $&nbsp;&nbsp;&nbsp;&nbsp;24003 | $&nbsp;&nbsp;&nbsp;&nbsp;(33846) | $&nbsp;&nbsp;&nbsp;&nbsp;(1) | $&nbsp;&nbsp;&nbsp;&nbsp;(24178) | $&nbsp;&nbsp;&nbsp;&nbsp;113575 | $&nbsp;&nbsp;&nbsp;&nbsp;4590 | $&nbsp;&nbsp;&nbsp;&nbsp;1908 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Tax-Managed Aggressive Strategy Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 100.0%** | **AFFILIATED INVESTMENT FUNDS — 100.0%** | **AFFILIATED INVESTMENT FUNDS — 100.0%** |
| **Equity Funds — 88.2%** | **Equity Funds — 88.2%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Equity Fund, Cl Y  | 136296 | $1351 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust International Equity Fund, Cl Y  | 1079493 | 10806 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Tax-Managed Large Cap Fund, Cl Y \* | 1267824 | 38136 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund, Cl Y  | 426580 | 9551 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $30,847) ($ Thousands) |  | 59844 |
| **Fixed Income Funds — 11.8%** | **Fixed Income Funds — 11.8%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | 335050 | 2690 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS (continued)** | **AFFILIATED INVESTMENT FUNDS (continued)** | **AFFILIATED INVESTMENT FUNDS (continued)** |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | 984930 | $5319 |
| Total Fixed Income Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $9,809) ($ Thousands) |  | 8009 |
| Total Investments in Securities — 100.0% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $40,656) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $40,656) ($ Thousands)  | $67853 |

---

Percentages are based on Net Assets of $67,876 ($ Thousands).

\* Represents greater than 50% of the Fund's total investments. For further financial information, available upon request at no charge, please go to the Securities Exchange Commission's website at http://www.sec.gov or call 1-800-DIAL-SEI.

Cl — Class

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

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Institutional International Trust Emerging Markets Equity Fund, Cl Y  | $&nbsp;&nbsp;&nbsp;&nbsp;1660 | $&nbsp;&nbsp;&nbsp;&nbsp;192 | $&nbsp;&nbsp;&nbsp;&nbsp;(238) | $&nbsp;&nbsp;&nbsp;&nbsp;(75) | $&nbsp;&nbsp;&nbsp;&nbsp;(188) | $&nbsp;&nbsp;&nbsp;&nbsp;1351 | $&nbsp;&nbsp;&nbsp;&nbsp;31 | $&nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust International Equity Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;13615 | &nbsp;&nbsp;&nbsp;&nbsp;1112 | &nbsp;&nbsp;&nbsp;&nbsp;(2518) | &nbsp;&nbsp;&nbsp;&nbsp;(433) | &nbsp;&nbsp;&nbsp;&nbsp;(970) | &nbsp;&nbsp;&nbsp;&nbsp;10806 | &nbsp;&nbsp;&nbsp;&nbsp;222 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Tax-Managed Large Cap Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;49494 | &nbsp;&nbsp;&nbsp;&nbsp;2614 | &nbsp;&nbsp;&nbsp;&nbsp;(7344) | &nbsp;&nbsp;&nbsp;&nbsp;2115 | &nbsp;&nbsp;&nbsp;&nbsp;(8743) | &nbsp;&nbsp;&nbsp;&nbsp;38136 | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp;2045 |
| SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;12254 | &nbsp;&nbsp;&nbsp;&nbsp;207 | &nbsp;&nbsp;&nbsp;&nbsp;(1508) | &nbsp;&nbsp;&nbsp;&nbsp;(65) | &nbsp;&nbsp;&nbsp;&nbsp;(1337) | &nbsp;&nbsp;&nbsp;&nbsp;9551 | &nbsp;&nbsp;&nbsp;&nbsp;66 | &nbsp;&nbsp;&nbsp;&nbsp;40 |
| SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;3270 | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;(558) | &nbsp;&nbsp;&nbsp;&nbsp;(141) | &nbsp;&nbsp;&nbsp;&nbsp;(156) | &nbsp;&nbsp;&nbsp;&nbsp;2690 | &nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;6940 | &nbsp;&nbsp;&nbsp;&nbsp;1010 | &nbsp;&nbsp;&nbsp;&nbsp;(1366) | &nbsp;&nbsp;&nbsp;&nbsp;(278) | &nbsp;&nbsp;&nbsp;&nbsp;(987) | &nbsp;&nbsp;&nbsp;&nbsp;5319 | &nbsp;&nbsp;&nbsp;&nbsp;692 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;87233 | $&nbsp;&nbsp;&nbsp;&nbsp;5410 | $&nbsp;&nbsp;&nbsp;&nbsp;(13532) | $&nbsp;&nbsp;&nbsp;&nbsp;1123 | $&nbsp;&nbsp;&nbsp;&nbsp;(12381) | $&nbsp;&nbsp;&nbsp;&nbsp;67853 | $&nbsp;&nbsp;&nbsp;&nbsp;1601 | $&nbsp;&nbsp;&nbsp;&nbsp;2085 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Core Market Strategy Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 99.8%** | **AFFILIATED INVESTMENT FUNDS — 99.8%** | **AFFILIATED INVESTMENT FUNDS — 99.8%** |
| **Fixed Income Funds — 34.4%** | **Fixed Income Funds — 34.4%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | 271081 | $2177 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y  | 1144885 | 10842 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | 402360 | 2173 |
| Total Fixed Income Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $17,652) ($ Thousands) |  | 15192 |
| **Equity Funds — 33.0%** | **Equity Funds — 33.0%** |  |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Momentum Factor ETF  | 46860 | 1135 |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Quality Factor ETF  | 26573 | 666 |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Value Factor ETF  | 53060 | 1253 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Equity Fund, Cl Y  | 131358 | 1302 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust International Equity Fund, Cl Y  | 434508 | 4349 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Dynamic Asset Allocation Fund, Cl Y  | 159207 | 2149 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Large Cap Fund, Cl Y  | 186841 | 2371 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS (continued)** | **AFFILIATED INVESTMENT FUNDS (continued)** | **AFFILIATED INVESTMENT FUNDS (continued)** |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Small Cap Fund, Cl Y  | 110024 | $1302 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $12,359) ($ Thousands) |  | 14527 |
| **Multi-Asset Funds — 32.4%** | **Multi-Asset Funds — 32.4%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Accumulation Fund, Cl Y  | 1281777 | 8652 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Income Fund, Cl Y  | 231821 | 2177 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund, Cl Y  | 433497 | 3485 |
| Total Multi-Asset Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $17,750) ($ Thousands) |  | 14314 |
| Total Investments in Securities — 99.8% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $47,761) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $47,761) ($ Thousands)  | $44033 |

---

Percentages are based on Net Assets of $44,114 ($ Thousands).

Cl — Class

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

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | $&nbsp;&nbsp;&nbsp;&nbsp;3304 | $&nbsp;&nbsp;&nbsp;&nbsp;102 | $&nbsp;&nbsp;&nbsp;&nbsp;(920) | $&nbsp;&nbsp;&nbsp;&nbsp;(233) | $&nbsp;&nbsp;&nbsp;&nbsp;(76) | $&nbsp;&nbsp;&nbsp;&nbsp;2177 | $&nbsp;&nbsp;&nbsp;&nbsp;41 | $&nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;16526 | &nbsp;&nbsp;&nbsp;&nbsp;697 | &nbsp;&nbsp;&nbsp;&nbsp;(4709) | &nbsp;&nbsp;&nbsp;&nbsp;(677) | &nbsp;&nbsp;&nbsp;&nbsp;(995) | &nbsp;&nbsp;&nbsp;&nbsp;10842 | &nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;3315 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;(933) | &nbsp;&nbsp;&nbsp;&nbsp;(122) | &nbsp;&nbsp;&nbsp;&nbsp;(437) | &nbsp;&nbsp;&nbsp;&nbsp;2173 | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Accumulation Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;13154 | &nbsp;&nbsp;&nbsp;&nbsp;926 | &nbsp;&nbsp;&nbsp;&nbsp;(2457) | &nbsp;&nbsp;&nbsp;&nbsp;(609) | &nbsp;&nbsp;&nbsp;&nbsp;(2362) | &nbsp;&nbsp;&nbsp;&nbsp;8652 | &nbsp;&nbsp;&nbsp;&nbsp;832 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Income Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;3295 | &nbsp;&nbsp;&nbsp;&nbsp;172 | &nbsp;&nbsp;&nbsp;&nbsp;(900) | &nbsp;&nbsp;&nbsp;&nbsp;(79) | &nbsp;&nbsp;&nbsp;&nbsp;(311) | &nbsp;&nbsp;&nbsp;&nbsp;2177 | &nbsp;&nbsp;&nbsp;&nbsp;124 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;5221 | &nbsp;&nbsp;&nbsp;&nbsp;454 | &nbsp;&nbsp;&nbsp;&nbsp;(1821) | &nbsp;&nbsp;&nbsp;&nbsp;73 | &nbsp;&nbsp;&nbsp;&nbsp;(442) | &nbsp;&nbsp;&nbsp;&nbsp;3485 | &nbsp;&nbsp;&nbsp;&nbsp;386 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust Emerging Markets Equity Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;1951 | &nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp;(566) | &nbsp;&nbsp;&nbsp;&nbsp;(5) | &nbsp;&nbsp;&nbsp;&nbsp;(298) | &nbsp;&nbsp;&nbsp;&nbsp;1302 | &nbsp;&nbsp;&nbsp;&nbsp;31 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust International Equity Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;6484 | &nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp;(1821) | &nbsp;&nbsp;&nbsp;&nbsp;81 | &nbsp;&nbsp;&nbsp;&nbsp;(815) | &nbsp;&nbsp;&nbsp;&nbsp;4349 | &nbsp;&nbsp;&nbsp;&nbsp;89 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Dynamic Asset Allocation Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;3219 | &nbsp;&nbsp;&nbsp;&nbsp;516 | &nbsp;&nbsp;&nbsp;&nbsp;(863) | &nbsp;&nbsp;&nbsp;&nbsp;217 | &nbsp;&nbsp;&nbsp;&nbsp;(940) | &nbsp;&nbsp;&nbsp;&nbsp;2149 | &nbsp;&nbsp;&nbsp;&nbsp;77 | &nbsp;&nbsp;&nbsp;&nbsp;200 |
| SEI Institutional Managed Trust Large Cap Fund, Cl Y  | &nbsp;&nbsp;&nbsp;&nbsp;7078 | &nbsp;&nbsp;&nbsp;&nbsp;629 | &nbsp;&nbsp;&nbsp;&nbsp;(4298) | &nbsp;&nbsp;&nbsp;&nbsp;674 | &nbsp;&nbsp;&nbsp;&nbsp;(1712) | &nbsp;&nbsp;&nbsp;&nbsp;2371 | &nbsp;&nbsp;&nbsp;&nbsp;33 | &nbsp;&nbsp;&nbsp;&nbsp;210 |
| SEI Institutional Managed Trust Small Cap Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;1923 | &nbsp;&nbsp;&nbsp;&nbsp;179 | &nbsp;&nbsp;&nbsp;&nbsp;(605) | &nbsp;&nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;&nbsp;&nbsp;(197) | &nbsp;&nbsp;&nbsp;&nbsp;1302 | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;7 |
| SEI Enhanced US Large Cap Quality Factor ETF | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;662 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;666 | &nbsp;&nbsp;&nbsp;&nbsp;6 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced US Large Cap Momentum Factor ETF | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1325 | &nbsp;&nbsp;&nbsp;&nbsp;(148) | &nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;(41) | &nbsp;&nbsp;&nbsp;&nbsp;1135 | &nbsp;&nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced US Large Cap Value Factor ETF | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1325 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(72) | &nbsp;&nbsp;&nbsp;&nbsp;1253 | &nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;65470 | $&nbsp;&nbsp;&nbsp;&nbsp;7977 | $&nbsp;&nbsp;&nbsp;&nbsp;(20041) | $&nbsp;&nbsp;&nbsp;&nbsp;(679) | $&nbsp;&nbsp;&nbsp;&nbsp;(8694) | $&nbsp;&nbsp;&nbsp;&nbsp;44033 | $&nbsp;&nbsp;&nbsp;&nbsp;2229 | $&nbsp;&nbsp;&nbsp;&nbsp;417 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Core Market Strategy Allocation Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 99.9%** | **AFFILIATED INVESTMENT FUNDS — 99.9%** | **AFFILIATED INVESTMENT FUNDS — 99.9%** |
| **Equity Funds — 88.1%** | **Equity Funds — 88.1%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Equity Fund, Cl Y  | 41645 | $413 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust International Equity Fund, Cl Y  | 330007 | 3303 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Tax-Managed Large Cap Fund, Cl Y\* | 386374 | 11622 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund, Cl Y  | 129563 | 2901 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $8,900) ($ Thousands) |  | 18239 |
| **Fixed Income Funds — 11.8%** | **Fixed Income Funds — 11.8%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | 102425 | 822 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | 301824 | 1630 |
| Total Fixed Income Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,025) ($ Thousands) |  | 2452 |
| Total Investments in Securities — 99.9% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $11,925) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $11,925) ($ Thousands)  | $20691 |

---

Percentages are based on Net Assets of $20,713 ($ Thousands).

Cl — Class

\* Represents greater than 50% of the Fund's total investments. For further financial information, available upon request at no charge, please go to the Securities Exchange Commission's website at http://www.sec.gov or call 1-800-DIAL-SEI.

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

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Institutional International Trust Emerging Markets Equity Fund, Class Y | $&nbsp;&nbsp;&nbsp;&nbsp;485 | $&nbsp;&nbsp;&nbsp;&nbsp;40 | $&nbsp;&nbsp;&nbsp;&nbsp;(34) | $&nbsp;&nbsp;&nbsp;&nbsp;(10) | $&nbsp;&nbsp;&nbsp;&nbsp;(68) | $&nbsp;&nbsp;&nbsp;&nbsp;413 | $&nbsp;&nbsp;&nbsp;&nbsp;10 | $&nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust International Equity Fund, Class Y | &nbsp;&nbsp;&nbsp;&nbsp;3989 | &nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;(396) | &nbsp;&nbsp;&nbsp;&nbsp;(80) | &nbsp;&nbsp;&nbsp;&nbsp;(331) | &nbsp;&nbsp;&nbsp;&nbsp;3303 | &nbsp;&nbsp;&nbsp;&nbsp;68 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Tax Managed Large Cap Fund, Class Y | &nbsp;&nbsp;&nbsp;&nbsp;14431 | &nbsp;&nbsp;&nbsp;&nbsp;802 | &nbsp;&nbsp;&nbsp;&nbsp;(2292) | &nbsp;&nbsp;&nbsp;&nbsp;1113 | &nbsp;&nbsp;&nbsp;&nbsp;(2432) | &nbsp;&nbsp;&nbsp;&nbsp;11622 | &nbsp;&nbsp;&nbsp;&nbsp;161 | &nbsp;&nbsp;&nbsp;&nbsp;623 |
| SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund, Class Y | &nbsp;&nbsp;&nbsp;&nbsp;3563 | &nbsp;&nbsp;&nbsp;&nbsp;62 | &nbsp;&nbsp;&nbsp;&nbsp;(331) | &nbsp;&nbsp;&nbsp;&nbsp;(20) | &nbsp;&nbsp;&nbsp;&nbsp;(373) | &nbsp;&nbsp;&nbsp;&nbsp;2901 | &nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp;12 |
| SEI Institutional International Trust Emerging Markets Debt Fund, Class Y | &nbsp;&nbsp;&nbsp;&nbsp;979 | &nbsp;&nbsp;&nbsp;&nbsp;31 | &nbsp;&nbsp;&nbsp;&nbsp;(99) | &nbsp;&nbsp;&nbsp;&nbsp;(22) | &nbsp;&nbsp;&nbsp;&nbsp;(67) | &nbsp;&nbsp;&nbsp;&nbsp;822 | &nbsp;&nbsp;&nbsp;&nbsp;15 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust High Yield Bond Fund, Class Y | &nbsp;&nbsp;&nbsp;&nbsp;1979 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;(177) | &nbsp;&nbsp;&nbsp;&nbsp;(32) | &nbsp;&nbsp;&nbsp;&nbsp;(340) | &nbsp;&nbsp;&nbsp;&nbsp;1630 | &nbsp;&nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;25426 | $&nbsp;&nbsp;&nbsp;&nbsp;1256 | $&nbsp;&nbsp;&nbsp;&nbsp;(3329) | $&nbsp;&nbsp;&nbsp;&nbsp;949 | $&nbsp;&nbsp;&nbsp;&nbsp;(3611) | $&nbsp;&nbsp;&nbsp;&nbsp;20691 | $&nbsp;&nbsp;&nbsp;&nbsp;479 | $&nbsp;&nbsp;&nbsp;&nbsp;635 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Market Growth Strategy Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 99.8%** | **AFFILIATED INVESTMENT FUNDS — 99.8%** | **AFFILIATED INVESTMENT FUNDS — 99.8%** |
| **Equity Funds — 44.6%** | **Equity Funds — 44.6%** |  |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Momentum Factor ETF  | 192316 | $4659 |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Quality Factor ETF  | 96818 | 2426 |
| &nbsp;&nbsp;&nbsp;SEI Enhanced US Large Cap Value Factor ETF  | 193324 | 4565 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Equity Fund, Cl Y | 513972 | 5093 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust International Equity Fund, Cl Y | 1908766 | 19107 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Dynamic Asset Allocation Fund, Cl Y | 569818 | 7693 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Large Cap Fund, Cl Y | 807505 | 10247 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Small Cap Fund, Cl Y | 323245 | 3824 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $52,021) ($ Thousands) |  | 57614 |
| **Multi-Asset Funds — 31.6%** | **Multi-Asset Funds — 31.6%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Accumulation Fund, Cl Y | 3775334 | 25483 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Income Fund, Cl Y | 542228 | 5092 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund, Cl Y | 1266503 | 10183 |
| Total Multi-Asset Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $51,840) ($ Thousands) |  | 40758 |
| **Fixed Income Funds — 23.6%** | **Fixed Income Funds — 23.6%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y | 791457 | 6355 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y | 1881129 | 17814 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y | 1172544 | 6332 |
| Total Fixed Income Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $35,893) ($ Thousands) |  | 30501 |
| Total Investments in Securities — 99.8% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $139,754) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $139,754) ($ Thousands)  | $128873 |

---

Percentages are based on Net Assets of $129,144 ($ Thousands).

Cl — Class

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Market Growth Strategy Fund** 

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Enhanced US Large Cap Momentum Factor ETF | &nbsp;&nbsp;&nbsp;&nbsp;$— | $&nbsp;&nbsp;&nbsp;&nbsp;4827 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$— | $&nbsp;&nbsp;&nbsp;&nbsp;(168) | $&nbsp;&nbsp;&nbsp;&nbsp;4659 | $&nbsp;&nbsp;&nbsp;&nbsp;47 | $&nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced US Large Cap Quality Factor ETF  |  | &nbsp;&nbsp;&nbsp;&nbsp;2414 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;2426 | &nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Enhanced US Large Cap Value Factor ETF |  | &nbsp;&nbsp;&nbsp;&nbsp;4827 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;(262) | &nbsp;&nbsp;&nbsp;&nbsp;4565 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust Emerging Markets Equity Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;6641 | &nbsp;&nbsp;&nbsp;&nbsp;494 | &nbsp;&nbsp;&nbsp;&nbsp;(1041) | &nbsp;&nbsp;&nbsp;&nbsp;(74) | &nbsp;&nbsp;&nbsp;&nbsp;(927) | &nbsp;&nbsp;&nbsp;&nbsp;5093 | &nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust International Equity Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;25074 | &nbsp;&nbsp;&nbsp;&nbsp;779 | &nbsp;&nbsp;&nbsp;&nbsp;(4173) | &nbsp;&nbsp;&nbsp;&nbsp;(180) | &nbsp;&nbsp;&nbsp;&nbsp;(2393) | &nbsp;&nbsp;&nbsp;&nbsp;19107 | &nbsp;&nbsp;&nbsp;&nbsp;398 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Dynamic Asset Allocation Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;10007 | &nbsp;&nbsp;&nbsp;&nbsp;1408 | &nbsp;&nbsp;&nbsp;&nbsp;(2118) | &nbsp;&nbsp;&nbsp;&nbsp;966 | &nbsp;&nbsp;&nbsp;&nbsp;(2570) | &nbsp;&nbsp;&nbsp;&nbsp;7693 | &nbsp;&nbsp;&nbsp;&nbsp;276 | &nbsp;&nbsp;&nbsp;&nbsp;721 |
| SEI Institutional Managed Trust Large Cap Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;26731 | &nbsp;&nbsp;&nbsp;&nbsp;2582 | &nbsp;&nbsp;&nbsp;&nbsp;(16128) | &nbsp;&nbsp;&nbsp;&nbsp;2166 | &nbsp;&nbsp;&nbsp;&nbsp;(5104) | &nbsp;&nbsp;&nbsp;&nbsp;10247 | &nbsp;&nbsp;&nbsp;&nbsp;126 | &nbsp;&nbsp;&nbsp;&nbsp;917 |
| SEI Institutional Managed Trust Small Cap Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;4950 | &nbsp;&nbsp;&nbsp;&nbsp;394 | &nbsp;&nbsp;&nbsp;&nbsp;(1059) | &nbsp;&nbsp;&nbsp;&nbsp;(31) | &nbsp;&nbsp;&nbsp;&nbsp;(430) | &nbsp;&nbsp;&nbsp;&nbsp;3824 | &nbsp;&nbsp;&nbsp;&nbsp;21 | &nbsp;&nbsp;&nbsp;&nbsp;21 |
| SEI Institutional Managed Trust Multi-Asset Accumulation Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;33150 | &nbsp;&nbsp;&nbsp;&nbsp;2662 | &nbsp;&nbsp;&nbsp;&nbsp;(2465) | &nbsp;&nbsp;&nbsp;&nbsp;(408) | &nbsp;&nbsp;&nbsp;&nbsp;(7456) | &nbsp;&nbsp;&nbsp;&nbsp;25483 | &nbsp;&nbsp;&nbsp;&nbsp;2468 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Income Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;6624 | &nbsp;&nbsp;&nbsp;&nbsp;388 | &nbsp;&nbsp;&nbsp;&nbsp;(1128) | &nbsp;&nbsp;&nbsp;&nbsp;(83) | &nbsp;&nbsp;&nbsp;&nbsp;(709) | &nbsp;&nbsp;&nbsp;&nbsp;5092 | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;13247 | &nbsp;&nbsp;&nbsp;&nbsp;1393 | &nbsp;&nbsp;&nbsp;&nbsp;(3385) | &nbsp;&nbsp;&nbsp;&nbsp;(362) | &nbsp;&nbsp;&nbsp;&nbsp;(710) | &nbsp;&nbsp;&nbsp;&nbsp;10183 | &nbsp;&nbsp;&nbsp;&nbsp;1120 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;8379 | &nbsp;&nbsp;&nbsp;&nbsp;441 | &nbsp;&nbsp;&nbsp;&nbsp;(1605) | &nbsp;&nbsp;&nbsp;&nbsp;(427) | &nbsp;&nbsp;&nbsp;&nbsp;(433) | &nbsp;&nbsp;&nbsp;&nbsp;6355 | &nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Core Fixed Income Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;23101 | &nbsp;&nbsp;&nbsp;&nbsp;1140 | &nbsp;&nbsp;&nbsp;&nbsp;(4088) | &nbsp;&nbsp;&nbsp;&nbsp;(602) | &nbsp;&nbsp;&nbsp;&nbsp;(1737) | &nbsp;&nbsp;&nbsp;&nbsp;17814 | &nbsp;&nbsp;&nbsp;&nbsp;414 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust High Yield Bond Fund, Cl Y | &nbsp;&nbsp;&nbsp;&nbsp;8318 | &nbsp;&nbsp;&nbsp;&nbsp;933 | &nbsp;&nbsp;&nbsp;&nbsp;(1433) | &nbsp;&nbsp;&nbsp;&nbsp;(250) | &nbsp;&nbsp;&nbsp;&nbsp;(1236) | &nbsp;&nbsp;&nbsp;&nbsp;6332 | &nbsp;&nbsp;&nbsp;&nbsp;802 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;166222 | $&nbsp;&nbsp;&nbsp;&nbsp;24682 | $&nbsp;&nbsp;&nbsp;&nbsp;(38623) | $&nbsp;&nbsp;&nbsp;&nbsp;715 | $&nbsp;&nbsp;&nbsp;&nbsp;(24123) | $&nbsp;&nbsp;&nbsp;&nbsp;128873 | $&nbsp;&nbsp;&nbsp;&nbsp;6279 | $&nbsp;&nbsp;&nbsp;&nbsp;1659 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report / December 31, 2022

**SCHEDULE OF INVESTMENTS (Unaudited)** 

December 31, 2022

**Market Growth Strategy Allocation Fund** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Market Value<br> ($ Thousands) |
| **AFFILIATED INVESTMENT FUNDS — 99.4%** | **AFFILIATED INVESTMENT FUNDS — 99.4%** | **AFFILIATED INVESTMENT FUNDS — 99.4%** |
| **Equity Funds — 87.5%** | **Equity Funds — 87.5%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Equity Fund, Cl Y  | 229443 | $2274 |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust International Equity Fund, Cl Y  | 1819198 | 18210 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Tax-Managed Large Cap Fund, Cl Y \* | 2128735 | 64032 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund, Cl Y  | 713819 | 15982 |
| Total Equity Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $51,542) ($ Thousands) |  | 100498 |
| **Fixed Income Funds — 11.9%** | **Fixed Income Funds — 11.9%** |  |
| &nbsp;&nbsp;&nbsp;SEI Institutional International Trust Emerging Markets Debt Fund, Cl Y  | 566568 | 4550 |
| &nbsp;&nbsp;&nbsp;SEI Institutional Managed Trust High Yield Bond Fund, Cl Y  | 1677155 | 9057 |
| Total Fixed Income Funds  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $16,696) ($ Thousands) |  | 13607 |
| Total Investments in Securities — 99.4% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $68,238) ($ Thousands)  | &nbsp;&nbsp;&nbsp;(Cost $68,238) ($ Thousands)  | $114105 |

---

Percentages are based on Net Assets of $114,826 ($ Thousands).

Cl — Class

\* Represents greater than 50% of the Fund's total investments. For further financial information, available upon request at no charge, please go to the Securities Exchange Commission's website at http://www.sec.gov or call 1-800-DIAL-SEI.

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

The following is summary of the transactions with affiliates for the period ended December 31, 2022 ($ Thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description**  | **Value 3/31/22** | **Purchases at Cost**  | **Proceeds from Sales**  | **Realized Gain/(Loss)** | **Change in Unrealized Appreciation/(Depreciation)**  | **Value 12/31/22** | **Income**  | **Capital Gains** |
| SEI Institutional International Trust Emerging Markets Equity Fund, Class Y | $&nbsp;&nbsp;&nbsp;&nbsp;2526 | $&nbsp;&nbsp;&nbsp;&nbsp;231 | $&nbsp;&nbsp;&nbsp;&nbsp;(73) | $&nbsp;&nbsp;&nbsp;&nbsp;(27) | $&nbsp;&nbsp;&nbsp;&nbsp;(383) | $&nbsp;&nbsp;&nbsp;&nbsp;2274 | $&nbsp;&nbsp;&nbsp;&nbsp;53 | $&nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional International Trust International Equity Fund, Class Y | &nbsp;&nbsp;&nbsp;&nbsp;21120 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;(1317) | &nbsp;&nbsp;&nbsp;&nbsp;(248) | &nbsp;&nbsp;&nbsp;&nbsp;(1945) | &nbsp;&nbsp;&nbsp;&nbsp;18210 | &nbsp;&nbsp;&nbsp;&nbsp;376 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust Tax-Managed Large Cap Fund, Class Y | &nbsp;&nbsp;&nbsp;&nbsp;76156 | &nbsp;&nbsp;&nbsp;&nbsp;4834 | &nbsp;&nbsp;&nbsp;&nbsp;(9855) | &nbsp;&nbsp;&nbsp;&nbsp;4434 | &nbsp;&nbsp;&nbsp;&nbsp;(11537) | &nbsp;&nbsp;&nbsp;&nbsp;64032 | &nbsp;&nbsp;&nbsp;&nbsp;872 | &nbsp;&nbsp;&nbsp;&nbsp;3502 |
| SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund, Class Y | &nbsp;&nbsp;&nbsp;&nbsp;19003 | &nbsp;&nbsp;&nbsp;&nbsp;724 | &nbsp;&nbsp;&nbsp;&nbsp;(1211) | &nbsp;&nbsp;&nbsp;&nbsp;(111) | &nbsp;&nbsp;&nbsp;&nbsp;(2423) | &nbsp;&nbsp;&nbsp;&nbsp;15982 | &nbsp;&nbsp;&nbsp;&nbsp;108 | &nbsp;&nbsp;&nbsp;&nbsp;67 |
| SEI Institutional International Trust Emerging Markets Debt Fund, Class Y | &nbsp;&nbsp;&nbsp;&nbsp;5064 | &nbsp;&nbsp;&nbsp;&nbsp;394 | &nbsp;&nbsp;&nbsp;&nbsp;(234) | &nbsp;&nbsp;&nbsp;&nbsp;(54) | &nbsp;&nbsp;&nbsp;&nbsp;(620) | &nbsp;&nbsp;&nbsp;&nbsp;4550 | &nbsp;&nbsp;&nbsp;&nbsp;86 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| SEI Institutional Managed Trust High Yield Bond Fund, Class Y | &nbsp;&nbsp;&nbsp;&nbsp;10570 | &nbsp;&nbsp;&nbsp;&nbsp;1515 | &nbsp;&nbsp;&nbsp;&nbsp;(927) | &nbsp;&nbsp;&nbsp;&nbsp;(202) | &nbsp;&nbsp;&nbsp;&nbsp;(1899) | &nbsp;&nbsp;&nbsp;&nbsp;9057 | &nbsp;&nbsp;&nbsp;&nbsp;1133 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Totals | $&nbsp;&nbsp;&nbsp;&nbsp;134439 | $&nbsp;&nbsp;&nbsp;&nbsp;8298 | $&nbsp;&nbsp;&nbsp;&nbsp;(13617) | $&nbsp;&nbsp;&nbsp;&nbsp;3792 | $&nbsp;&nbsp;&nbsp;&nbsp;(18807) | $&nbsp;&nbsp;&nbsp;&nbsp;114105 | $&nbsp;&nbsp;&nbsp;&nbsp;2628 | $&nbsp;&nbsp;&nbsp;&nbsp;3569 |

---

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

------

SEI Asset Allocation Trust / Quarterly Report /December 31, 2022

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SEI ASSET ALLOCATION TRUST

- **b. Investment Company Act file number:** 811-07445

- **c. CIK number of Registrant:** 0001003632

- **d. LEI of Registrant:** PESV2N3UVVSJNEVQP186

- **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:** SAAT Core Market Strategy Allocation Fund

- **b. EDGAR series identifier (if any):** S000005815

- **c. LEI of Series:** 549300N6SVCVB86GLR10

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $20724562.86

**Total Liabilities:** $12267.53

**Net Assets:** $20712295.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000015960 | -3.63%               | 6.73%                | 8.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $635610.89               | $-1677567.51                               |
| Month 2  | $139028.49               | $1263538.92                                |
| Month 3  | $19877.02                | $1602356.16                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SEI Institutional International Trust: Emerging Markets Equity Fund; Class Y Shares | SEI EMERGING MARKETS EQ-Y MUTUAL FUND    | CUSIP: 78411R836<br>LEI: N/A | Long             | EC               |  | US        |     41670 | NS      | $412949.25    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Institutional International Trust: International Equity Fund; Class Y Shares    | SEI INTERNATIONAL EQUITY-Y MUTUAL FUND   | CUSIP: 78411R810<br>LEI: N/A | Long             | EC               |  | US        |    330007 | NS      | $3303366.12   | 15.95%            |  |  |  | No            |                  1 | On Loan: No      |
| SEI Institutional International Trust: Emerging Markets Debt Fund; Class Y Shares   | SEI INST INST EMG MKT DEBT-Y MUTUAL FUND | CUSIP: 78411R828<br>LEI: N/A | Long             | EC               |  | US        |    102425 | NS      | $822471.29    | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Institutional Managed Trust: High Yield Bond Fund; Class Y Shares               | SEI HIGH YIELD BOND-Y MUTUAL FUND        | CUSIP: 78413L407<br>LEI: N/A | Long             | STIV             | RF                | US        |    301824 | NS      | $1629851.68   | 7.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Institutional Managed Trust: Tax-Managed Small/Mid Cap Fund; Class Y Shares     | SEI TAX MGD SM MID CAP-Y MUTUAL FUND     | CUSIP: 78413L811<br>LEI: N/A | Long             | EC               |  | US        |    129879 | NS      | $2907981.25   | 14.04%            |  |  |  | No            |                  1 | On Loan: No      |
| SEI Institutional Managed Trust: Tax-Managed Large Cap Fund; Class Y Shares         | SEI TAX-MANAGED LARGE CAP-Y MUTUAL FUND  | CUSIP: 78413L837<br>LEI: N/A | Long             | EC               |  | US        |    386630 | NS      | $11629833.50  | 56.15%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** SEI ASSET ALLOCATION TRUST

**Signature:** Ankit Puri

**Name of Signer:** Ankit Puri

**Title:** CFO