Sei Tax Exempt Trust NPORTP Massachusetts Municipal Bond Fund (May 2023 report)

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.7%
Alabama — 2.8%
Alabama State, Port Authority, Ser A, AMT, RB, AGM
5.000%, 10/01/2026	$	1,000	$	1,034
Birmingham, Airport Authority, RB, BAM
5.000%, 07/01/2023		225		225
5.000%, 07/01/2024		325		330
5.000%, 07/01/2028		1,075		1,172
Black Belt, Energy Gas District, RB
4.000%, 06/01/2051 (A)		5,570		5,522
Black Belt, Energy Gas District, Ser A-1, RB
4.000%, 12/01/2049 (A)		5,000		4,972
Black Belt, Energy Gas District, Ser B, RB
5.250%, 12/01/2053 (A)		290		311
Black Belt, Energy Gas District, Ser C-1, RB
5.250%, 02/01/2053 (A)		665		694
Jefferson County, Refunding Warrants, RB
5.000%, 09/15/2029		3,400		3,585
Jefferson County, Refunding Warrants, Ser A, GO
5.000%, 04/01/2025		2,500		2,573
Lower Alabama, Gas District, RB
4.000%, 12/01/2050 (A)		5,000		4,976
Lower Alabama, Gas District, Ser A, RB
5.000%, 09/01/2028		4,800		4,908
5.000%, 09/01/2031		3,140		3,227
5.000%, 09/01/2034		2,000		2,069
Southeast Alabama, Energy Authority, Cooperative District, Ser A-1, RB
5.500%, 01/01/2053 (A)		4,920		5,244
Southeast Alabama, Gas Supply District, Project #1, Ser A, RB
4.000%, 04/01/2049 (A)		5,000		4,993
Troy University, Ser A, RB, BAM
5.000%, 11/01/2027		645		694

				46,529

Alaska — 0.1%
Anchorage, Water Revenue, Ser B, RB
5.000%, 05/01/2031		1,500		1,598
Northern Alaska, Tobacco Securitization, Ser A, RB
4.000%, 06/01/2036		615		605

				2,203

Arizona — 2.7%
Arizona State, Industrial Development Authority, American Charter Schools Foundation Project, RB
6.000%, 07/01/2037 (B)		1,805		1,849


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Arizona State, Industrial Development Authority, Equitable School Project, RB
4.000%, 11/01/2036	$	4,570	$	4,407
Arizona State, Industrial Development Authority, Legacy Cares Project, RB
7.750%, 07/01/2050 (B)(C)		3,560		1,958
Arizona State, Industrial Development Authority, Ser 2019-2, RB
3.625%, 05/20/2033		3,277		2,993
Glendale, Industrial Development Authority, Inspirata Pointe Project, RB
5.000%, 05/15/2041		500		452
Glendale, Industrial Development Authority, Royal Oaks Life Care Community, RB
4.000%, 05/15/2028		380		357
4.000%, 05/15/2031		500		451
Maricopa County, Industrial Development Authority, Banner Health Project, Ser A, RB
5.000%, 01/01/2031		2,250		2,372
Maricopa County, Industrial Development Authority, Christian Care Surprise Project, RB
5.750%, 01/01/2036 (B)		1,560		1,221
Maricopa County, Industrial Development Authority, Commercial Metals Company Project, AMT, RB
4.000%, 10/15/2047 (B)		305		258
Phoenix, Civic Improvement Authority, Junior Lien, RB
5.000%, 07/01/2033		2,000		2,135
Phoenix, Civic Improvement Authority, Junior Lien, Ser A, RB
5.000%, 07/01/2028		600		620
5.000%, 07/01/2029		250		258
5.000%, 07/01/2030		500		516
5.000%, 07/01/2032		1,095		1,130
Phoenix, Civic Improvement Authority, Junior Lien, Ser B, AMT, RB
5.000%, 07/01/2030		3,100		3,328
Phoenix, Industrial Development Authority, Downtown Phoenix Student Housing, ASU Project, RB
5.000%, 07/01/2029		350		364
5.000%, 07/01/2032		115		119
5.000%, 07/01/2033		355		367
Phoenix, Industrial Development Authority, Mayo Clinic Project, Ser B, RB
2.950%, 11/15/2052 (A)		4,700		4,700

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Salt Verde, Financial Gas Revenue Authority, RB
5.250%, 12/01/2024	$	1,330	$	1,342
5.250%, 12/01/2026		4,510		4,616
5.000%, 12/01/2032		2,500		2,608
Tempe, Industrial Development Authority, Friendship Village Project, RB
4.000%, 12/01/2027		355		336
4.000%, 12/01/2028		365		341
4.000%, 12/01/2029		385		354
Tempe, Industrial Development Authority, Mirabella at ASU Project, Ser A, RB
6.000%, 10/01/2037 (B)		1,200		844
5.500%, 10/01/2027 (B)		900		783
University of Arizona, RB
5.000%, 06/01/2029		3,750		3,937
Yavapai County, Industrial Development Authority, Yavapai Regional Medical Center Project, Ser A, RB
5.250%, 08/01/2033		1,000		1,001

				46,017

Arkansas — 0.2%
Arkansas State, University of Central Arkansas, Auxiliary Project, Ser C, RB, AMBAC
6.125%, 04/01/2026		975		1,019
Arkansas State, University of Central Arkansas, Student Fee Project, Ser B, RB, AMBAC
6.125%, 04/01/2026		975		1,019
Fort Smith, Water & Sewer Revenue, RB
5.000%, 10/01/2035		1,500		1,603

				3,641

California — 5.8%
Bay Area, Toll Authority, RB
3.860%, 04/01/2056 (A)		1,115		1,087
California County, Tobacco Securitization Agency, Ser A, RB
5.000%, 06/01/2025		200		206
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.000%, 12/01/2053 (A)		565		594
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		7,520		7,455
California State, Department of Water Resources, Ser AS, RB
Pre-Refunded @ 100
5.000%, 12/01/2024 (D)		1,910		1,964


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Enterprise Development Authority, M@College Project, Ser A, RB
5.000%, 08/01/2045	$	370	$	375
California State, GO
5.000%, 08/01/2026		2,000		2,122
5.000%, 09/01/2028		3,000		3,202
5.000%, 09/01/2029		1,500		1,601
5.000%, 09/01/2030		3,395		3,618
5.000%, 09/01/2034		3,650		4,293
5.000%, 04/01/2035		850		937
5.000%, 10/01/2042		500		564
5.000%, 11/01/2042		1,500		1,686
4.000%, 11/01/2041		360		360
3.000%, 03/01/2046		2,000		1,580
California State, Health Facilities Financing Authority, Cedars-Sinai Health System, RB
4.000%, 08/15/2040		620		621
California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser A1, RB
5.000%, 11/01/2027		3,225		3,526
California State, Housing Finance Agency, Certificates, Ser 2021-1, RB
3.500%, 11/20/2035		2,904		2,696
California State, Municipal Finance Authority, Caritas Project, Ser A, RB
4.000%, 08/15/2037		1,055		1,009
California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM
4.000%, 05/15/2034		1,170		1,187
California State, Public Finance Authority, Enso Village Project, RB
2.375%, 11/15/2028 (B)		355		338
California State, Public Finance Authority, Hoag Memorial Hospital Presbyterian, RB
4.000%, 07/15/2036		370		379
California State, Public Works Board, Judicial Council Project, Ser A, RB
5.000%, 03/01/2026		1,000		1,000
California State, Ser C, GO
5.000%, 09/01/2030		5,015		5,231
California State, Statewide Communities Development Authority, Baptist University Project, Ser A, RB
5.125%, 11/01/2023 (B)		120		120
California State, Various Purpose, GO
5.000%, 04/01/2033		1,800		2,012
5.000%, 08/01/2035		3,000		3,165

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Cathedral, Redevelopment Agency, Successor Agency, Sub-Ser, TA
4.000%, 08/01/2023	$	215	$	215
Cathedral, Redevelopment Agency, Successor Agency, TA, BAM
4.000%, 08/01/2033		750		768
Foothill-Eastern, Transportation Corridor Agency, Ser C, RB
5.000%, 01/15/2030		190		206
Golden State, Tobacco Securitization Project, Ser A, RB
Pre-Refunded @ 100
5.000%, 06/01/2025 (D)		3,000		3,123
Golden State, Tobacco Securitization Project, Ser A1, RB
5.000%, 06/01/2026 (E)		1,450		1,540
5.000%, 06/01/2027 (E)		2,875		3,121
Golden State, Tobacco Securitization Project, Ser A1, RB
Pre-Refunded @ 100
5.000%, 06/01/2028 (D)		4,960		5,514
Golden State, Tobacco Securitization Project, Sub-Ser B-2, RB
0.000%, 06/01/2066 (F)		6,375		645
Inland Empire, Tobacco Securitization, Ser E, RB
0.000%, 06/01/2057 (B)(F)		68,900		4,000
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser S, AMT, RB
5.000%, 05/15/2033		535		588
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB
4.000%, 05/15/2037		500		496
Los Angeles, Department of Water & Power, Power System Project, Ser B, RB
5.000%, 07/01/2032		2,500		2,527
Northern California, Tobacco Securitization Authority, RB
4.000%, 06/01/2049		1,615		1,564
Riverside County, Transportation Commission, RB
4.000%, 06/01/2038		1,000		967
Sacramento, Airport System Revenue, Ser B, RB
5.000%, 07/01/2033		500		550
Sacramento, Airport System Revenue, Sub-Ser E, RB
5.000%, 07/01/2033		1,000		1,090


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB
5.000%, 07/01/2024	$	350	$	354
San Diego, Association of Governments, Mid-Coast Corridor Transit Project, RB
5.000%, 11/15/2025		3,000		3,076
San Joaquin Hills, Transportation Corridor Agency, RB
5.000%, 01/15/2033		815		904
San Joaquin Hills, Transportation Corridor Agency, Ser Senior Lien A, RB
Pre-Refunded @ 100
5.000%, 01/15/2025 (D)		1,165		1,201
San Jose-Evergreen, Community College District, Ser C-ELECTION, GO
4.000%, 09/01/2041		2,600		2,649
Southern California, Water District, Ser A, RB
Pre-Refunded @ 100
5.000%, 07/01/2025 (D)		4,000		4,164
Stockton, Successor Agency, Redevelopment Agency, Ser A, TA, AGM
5.000%, 09/01/2030		1,750		1,855
5.000%, 09/01/2031		1,815		1,924
University of California, Regents Medical Center Pooled Revenue, RB
5.000%, 05/15/2034		725		848

				96,817

Colorado — 2.8%
Colorado State, Department of Transportation, COP
5.000%, 06/15/2030		350		367
5.000%, 06/15/2031		500		523
Colorado State, Educational & Cultural Facilities Authority, Loveland Classical Schools Project, RB
5.000%, 07/01/2046 (B)		500		454
Colorado State, Health Facilities Authority, Commonspirit Health Project, RB
5.250%, 11/01/2036		1,135		1,234
5.000%, 11/01/2033		875		954
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A, RB
5.000%, 08/01/2034		1,500		1,595
5.000%, 08/01/2037		1,000		1,043
4.000%, 08/01/2038		500		481
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A-, RB
4.000%, 08/01/2044		2,550		2,359

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Colorado State, Health Facilities Authority, Covenant Living Communities Project, RB
4.000%, 12/01/2040	$	205	$	174
Colorado State, Health Facilities Authority, RB
5.000%, 11/15/2049 (A)		2,265		2,373
Colorado State, Health Facilities Authority, RB
Pre-Refunded @ 100
5.000%, 11/19/2026 (A)(D)		235		251
Colorado State, Health Facilities Authority, SCL Health System Project, Ser A, RB
5.000%, 01/01/2030		2,500		2,795
Colorado State, Health Facilities Authority, Sunbelt Obligated Group Project, RB
5.000%, 11/15/2036 (A)		6,425		6,729
Colorado State, Housing & Finance Authority, Ser K, RB, GNMA
3.875%, 05/01/2050		825		813
Denver City & County, Airport System Revenue Authority, Ser A, AMT, RB
5.000%, 11/15/2030		1,250		1,318
Denver City & County, Airport System Revenue Authority, Ser A, RB
5.000%, 11/15/2031		1,000		1,060
Denver City & County, Airport System Revenue Authority, Ser D, AMT, RB
5.500%, 11/15/2032		280		325
5.500%, 11/15/2033		1,030		1,191
Denver City & County, Airport System Revenue Authority, Sub-Ser A, AMT, RB
5.000%, 12/01/2031		2,000		2,132
Denver City & County, Airport System Revenue Authority, Sub-Ser B, RB
5.250%, 11/15/2026		2,000		2,014
5.250%, 11/15/2032		1,010		1,017
Denver City & County, Convention Center Expansion Project, Ser 2018-A, COP
5.000%, 06/01/2030		1,465		1,535
Denver City & County, Convention Center Expansion Project, Ser A, COP
5.000%, 06/01/2032		1,360		1,422
Denver, Convention Center Hotel Authority, RB
5.000%, 12/01/2029		400		409
5.000%, 12/01/2031		855		873
5.000%, 12/01/2032		1,200		1,222
5.000%, 12/01/2034		1,000		1,012
5.000%, 12/01/2035		800		806
5.000%, 12/01/2036		600		601


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
E-470, Public Highway Authority, Ser B, RB
3.754%, 09/01/2039 (A)	$	610	$	606
Park Creek, Metropolitan District, Ser A, RB, AGM
4.000%, 12/01/2032		1,000		1,041
Regional Transportation District, Eagle P3 Project, RB
5.000%, 01/15/2029		600		642
5.000%, 07/15/2031		2,060		2,254
5.000%, 07/15/2032		160		175
University of Colorado, Enterprise Project, RB
2.000%, 06/01/2051 (A)		270		258
Vauxmont Metropolitan District, Sub-Ser, GO, AGM
5.000%, 12/15/2026		220		232
Weld County, School District No. RE-4, GO
5.000%, 12/01/2042		2,000		2,222

				46,512

Connecticut — 1.9%
Connecticut State, Health & Educational Facilities Authority, Covenant Home Project, Ser B, RB
5.000%, 12/01/2036		1,230		1,238
Connecticut State, Health & Educational Facilities Authority, Sacred Heart University Project, RB
5.000%, 07/01/2029		840		918
5.000%, 07/01/2030		230		255
5.000%, 07/01/2034		900		953
5.000%, 07/01/2036		700		732
Connecticut State, Health & Educational Facilities Authority, Yale University, RB
1.100%, 07/01/2049 (A)		1,420		1,356
Connecticut State, Housing Finance Authority, RB, GNMA/FNMA/FHLMC
4.250%, 05/15/2042		1,340		1,333
4.000%, 05/15/2047		290		287
Connecticut State, Ser A, GO
4.000%, 01/15/2036		1,105		1,143
Connecticut State, Ser C, GO
5.000%, 06/15/2026		2,460		2,595
Connecticut State, Ser E, GO
5.000%, 09/15/2029		4,000		4,397
Connecticut State, Special Tax Obligation, Transportation Infrastructure, Ser A, RB
5.000%, 09/01/2034		2,500		2,541
4.000%, 05/01/2036		1,300		1,348
Connecticut State, Special Tax Obligation, Transportation Infrastructure, Ser B, RB
5.000%, 10/01/2030		2,000		2,204

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
University of Connecticut, Ser A, RB
5.000%, 05/01/2037	$	5,500	$	6,192
5.000%, 05/01/2038		4,740		5,308

				32,800

Delaware — 0.1%
University of Delaware, RB
2.900%, 11/01/2035 (A)		1,000		1,000


District of Columbia — 1.0%
District of Columbia, Ser A, RB
5.000%, 07/01/2041		4,000		4,398
Metropolitan Washington, Airports Authority, AMT, RB
5.000%, 10/01/2028		2,000		2,108
Metropolitan Washington, Airports Authority, Ser A, AMT, RB
5.000%, 10/01/2027		6,205		6,450
Metropolitan Washington, Airports Authority, Sub-Ser, RB
4.000%, 10/01/2035		1,000		1,007
Washington Metropolitan, Transit Authority, Ser A, RB
4.000%, 07/15/2039		3,000		3,035

				16,998

Florida — 6.6%
Alachua County, Health Facilities Authority, RB
5.000%, 12/01/2030		1,500		1,604
5.000%, 12/01/2037 (A)		4,000		4,142
Broward County, Airport System Revenue, AMT, RB
5.000%, 10/01/2034		1,300		1,363
5.000%, 10/01/2035		2,000		2,086
Broward County, Shool District, Ser A, COP
5.000%, 07/01/2028		5,000		5,474
Capital Projects Finance Authority, Florida University Project, Ser A-1, RB
5.000%, 10/01/2027		365		376
Celebration Pointe, Community Development District No. 1, Alachua County, SAB
4.750%, 05/01/2024		70		70
Central Florida, Expressway Authority, RB
5.000%, 07/01/2029		1,250		1,350
Central Florida, Expressway Authority, RB, AGM
4.000%, 07/01/2034		770		816
Central Florida, Expressway Authority, Ser D, RB, AGM
5.000%, 07/01/2035		1,500		1,697


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Escambia County, Health Facilities Authority, RB
4.000%, 08/15/2045	$	640	$	561
4.000%, 08/15/2050		1,900		1,613
Florida State, Capital Trust Agency, University Bridge, Student Housing Project, RB
5.250%, 12/01/2043 (B)		3,000		2,828
Florida State, Citizens Property Insurance, Coastal Account, Ser A, RB
5.000%, 06/01/2025		8,000		8,149
Florida State, Development Finance, Brightline Passenger Rail Project, AMT, RB
7.375%, 01/01/2049 (B)		2,465		2,372
7.250%, 07/01/2057 (A)(B)		3,100		3,151
Florida State, Development Finance, Nova Southern University Project, RB
5.000%, 04/01/2026		285		294
5.000%, 04/01/2027		325		341
Florida State, Development Finance, Surface Transportation Facility, Virgin Trains USA Passenger Rail Project, AMT, RB
6.500%, 01/01/2049 (A)(B)		1,000		948
Florida State, Higher Educational Facilities Financial Authority, Ringling College Project, RB
5.000%, 03/01/2037		1,295		1,309
Florida State, Municipal Power Agency, All Requirements Power Project, RB
5.000%, 10/01/2028		1,000		1,035
Florida State, Municipal Power Agency, Ser A, RB
5.000%, 10/01/2024		1,480		1,511
5.000%, 10/01/2030		2,945		3,086
Florida State, Sunshine Skyway Bridge, Ser A, RB
4.000%, 07/01/2033		2,930		3,038
Greater Orlando, Aviation Authority, Ser A, AMT, RB
5.000%, 10/01/2030		1,500		1,614
Hillsborough County, Solid Waste & Resource Recovery Revenue, Ser A, AMT, RB
5.000%, 09/01/2031		3,695		3,874
JEA Electric System Revenue, Ser Three, RB
5.000%, 10/01/2034		4,870		5,425
5.000%, 10/01/2035		3,000		3,324
JEA Electric System Revenue, Sub-Ser A, RB
Pre-Refunded @ 100
5.000%, 10/01/2023 (D)		970		975

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
JEA Water & Sewer System Revenue, Ser A, RB
5.000%, 10/01/2035	$	1,000	$	1,115
Lee County, Solid Waste System Revenue, AMT, RB, NATL
5.000%, 10/01/2026		2,425		2,475
Miami Beach, Redevelopment Agency, TA
5.000%, 02/01/2030		2,500		2,515
Miami-Dade County, Aviation Revenue, Ser A, AMT, RB
5.000%, 10/01/2033		2,000		2,022
Miami-Dade County, Educational Facilities Authority, University of Miami Project, Ser A, RB
5.000%, 04/01/2030		430		441
5.000%, 04/01/2031		910		934
Miami-Dade County, School Board Foundation, Ser B, COP
5.000%, 05/01/2026		6,985		7,140
Miami-Dade County, Seaport Department, Ser A, AMT, RB
5.000%, 10/01/2038		440		466
Miami-Dade County, Water & Sewer System Revenue, RB
4.000%, 10/01/2034		1,750		1,799
Orange County, Convention Center, RB
5.000%, 10/01/2024		310		315
5.000%, 10/01/2026		755		784
Orange County, Tourist Development Tax Revenue, Ser B, RB
5.000%, 10/01/2032		3,270		3,454
Orlando, Utilities Commission, Ser ES, RB
5.000%, 10/01/2036		3,500		3,748
Osceola County, Transportation Revenue, Ser A-2, RB
0.000%, 10/01/2025 (F)		125		113
0.000%, 10/01/2026 (F)		275		238
0.000%, 10/01/2027 (F)		360		297
Palm Beach County, Health Facilities Authority, Retirement Life Community Project, RB
5.000%, 11/15/2032		5,850		5,909
Pompano Beach, RB
1.450%, 01/01/2027		450		396
Port Saint Lucie, Utility System Revenue, RB
5.000%, 09/01/2029		1,500		1,574
Saint Johns County, Industrial Development Authority, Vicars Landing Project, RB
4.000%, 12/15/2046		305		221


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Seminole County, Industrial Development Authority, Legacy Pointe at UCF Project, RB
5.250%, 11/15/2039	$	3,660	$	2,966
South Miami, Health Facilities Authority, Baptist Health South Florida, RB
5.000%, 08/15/2031		3,000		3,181
Tampa, Cigarette Tax Allocation, Ser A, RB
0.000%, 09/01/2036 (F)		305		174
The Villages, Community Development District No. 13, Wildwood, SAB
3.000%, 05/01/2029		960		884
1.800%, 05/01/2026		385		358
The Villages, Community Development District No. 14, Leesburg, SAB
5.125%, 05/01/2037		1,225		1,229
4.750%, 05/01/2032		200		200
Volusia County, Educational Facility Authority, Embry-Riddle Aeronautical University Project, RB
5.000%, 10/15/2026		755		788
4.000%, 10/15/2035		270		271
Wildwood, Utility Dependent District, South Sumter Utility Project, RB, BAM
5.000%, 10/01/2035		550		622

				111,055

Georgia — 2.9%
Appling County, Development Authority, Oglethorpe Power, Hatch Project, RB
1.500%, 01/01/2038 (A)		300		283
Atlanta, Department of Aviation, Ser B, AMT, RB
5.000%, 07/01/2035		1,500		1,640
5.000%, 07/01/2036		1,000		1,083
Atlanta, Water & Wastewater Revenue Authority, RB
Pre-Refunded @ 100
5.000%, 05/01/2025 (D)		5,010		5,186
Bartow County, Development Authority, RB
3.950%, 12/01/2032 (A)		930		923
Burke County, Development Authority, Oglethorpe Power, Hatch Project, RB
1.500%, 01/01/2040 (A)		785		741
Clarke County, Hospital Authority, Piedmont Healthcare, RB
5.000%, 07/01/2024		1,075		1,089
Fulton County, Development Authority, RB
5.000%, 04/01/2033		1,000		1,050
Gainesville & Hall County, Hospital Authority, RB
3.000%, 02/15/2051		1,200		860

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
George L Smith II, Georgia World Congress Center Authority, Convention Center Hotel, RB
5.000%, 01/01/2036 (B)	$	710	$	653
4.000%, 01/01/2054		1,000		806
Georgia State, Main Street Natural Gas, Ser A, RB
4.000%, 12/01/2023		375		375
4.000%, 07/01/2052 (A)		2,910		2,897
Georgia State, Main Street Natural Gas, Ser A1, RB
5.500%, 09/15/2028		1,915		2,015
Georgia State, Main Street Natural Gas, Ser B, RB
4.214%, 04/01/2048 (A)		1,865		1,865
4.000%, 08/01/2049 (A)		3,000		3,008
Georgia State, Main Street Natural Gas, Ser C, RB
4.000%, 03/01/2050 (A)		6,640		6,614
4.000%, 05/01/2052 (A)		2,000		1,984
Georgia State, Main Street Natural Gas, Sub-Ser C, RB
4.000%, 08/01/2048 (A)		1,000		1,001
Georgia State, Municipal Electric Authority, Combined Cycle Project, RB
5.000%, 11/01/2027		710		754
Georgia State, Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project, RB
5.000%, 01/01/2032		1,025		1,094
5.000%, 01/01/2035		1,500		1,590
Georgia State, Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project, RB, AGM
4.000%, 01/01/2038		585		581
4.000%, 01/01/2041		650		634
4.000%, 01/01/2046		500		480
Georgia State, Municipal Electric Authority, Project One, Sub-Ser A, RB
5.000%, 01/01/2028		4,140		4,298
Georgia State, Municipal Electric Authority, Sub-Ser A, RB
5.000%, 01/01/2024		555		558
Henry County, Hospital Authority, Piedmont Fayette Hospital Project, RB
5.000%, 07/01/2026		1,650		1,678
5.000%, 07/01/2027		1,390		1,415
Monroe County, Development Authority, Georgie Power Company Project, Plant Scherer, RB
3.875%, 10/01/2048 (A)		260		259
1.000%, 07/01/2049 (A)		730		644

				48,058


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Guam — 0.3%
Guam, Power Authority, Ser A, RB
5.000%, 10/01/2032	$	2,000	$	2,169
5.000%, 10/01/2033		2,205		2,370

				4,539

Hawaii — 0.2%
Hawaii State, Airports System Revenue, Ser A, AMT, RB
5.000%, 07/01/2032		3,000		3,183
Hawaii State, Ser FW, GO
4.000%, 01/01/2037		1,000		1,015

				4,198

Idaho — 0.2%
Idaho State, Building Authority, Lewis-Clark State College Project, Ser F, RB
5.000%, 09/01/2023 (E)		220		221
Idaho State, Health Facilities Authority, St. Luke's Health System Project, RB
5.000%, 03/01/2030		500		553
5.000%, 03/01/2031		320		358
5.000%, 03/01/2032		500		566
4.000%, 03/01/2033		575		582
Idaho State, Housing & Finance Association, Anser of Idaho Inc Project, Ser OF, RB
3.000%, 05/01/2041		1,000		782

				3,062

Illinois — 10.8%
Champaign County, Community Unit School District No. 4 Champaign, Ser A, GO
0.000%, 01/01/2025 (F)		325		305
Chicago, Airport Authority, O'Hare International Airport, AMT, RB
5.000%, 01/01/2036		1,040		1,120
Chicago, Airport Authority, O'Hare International Airport, RB, AGM
5.000%, 01/01/2038		1,890		2,077
Chicago, Airport Authority, O'Hare International Airport, Ser A, AMT, RB
5.000%, 01/01/2029		5,000		5,072
5.000%, 01/01/2036		1,290		1,358
5.000%, 07/01/2038		1,500		1,505
Chicago, Airport Authority, O'Hare International Airport, Ser B, RB
5.000%, 01/01/2030		4,000		4,093
5.000%, 01/01/2032		5,840		5,977
5.000%, 01/01/2033		1,665		1,765
5.000%, 01/01/2035		3,500		3,633
Chicago, Airport Authority, O'Hare International Airport, Ser C, RB
5.000%, 01/01/2031		2,450		2,553

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Chicago, Board of Education, Dedicated Capital Improvement, RB
5.250%, 04/01/2035	$	380	$	419
5.250%, 04/01/2036		645		703
5.000%, 04/01/2033		500		519
5.000%, 04/01/2034		620		642
5.000%, 04/01/2036		445		456
Chicago, Board of Education, Ser A, GO
5.000%, 12/01/2032		1,435		1,501
4.000%, 12/01/2047		530		453
Chicago, Board of Education, Ser B, GO
5.000%, 12/01/2027		650		675
5.000%, 12/01/2028		100		104
Chicago, Board of Education, Ser D, GO
5.000%, 12/01/2031		2,840		2,924
5.000%, 12/01/2046		640		619
Chicago, Midway International Airport, Ser A, AMT, RB
5.000%, 01/01/2028		2,970		2,983
Chicago, Ser A, GO
5.500%, 01/01/2035		3,020		3,240
5.250%, 01/01/2029		1,210		1,222
Chicago, Ser C, GO
5.000%, 01/01/2026		1,130		1,166
Chicago, Transit Authority, RB
5.000%, 12/01/2046		1,500		1,523
Chicago, Transit Authority, Ser A, RB
5.000%, 12/01/2045		550		573
Chicago, Waterworks Revenue, RB
5.000%, 11/01/2026		1,820		1,915
5.000%, 11/01/2027		2,360		2,458
Chicago, Waterworks Revenue, Second Lien Project, RB
5.000%, 11/01/2029		1,000		1,019
5.000%, 11/01/2034		1,500		1,518
Chicago, Waterworks Revenue, Ser 2017-2, RB, AGM
5.000%, 11/01/2035		5,000		5,262
Chicago, Waterworks Revenue, Ser B, RB, AGM
5.000%, 11/01/2037		470		518
5.000%, 11/01/2038		1,150		1,258
Cook County, Ser A, GO
5.000%, 11/15/2029		500		554
5.000%, 11/15/2033		450		500
Cook County, Ser B, GO
4.000%, 11/15/2026		730		745
Cook County, Tax Revenue Authority, RB
5.000%, 11/15/2035		4,000		4,224
Cook County, Tax Revenue Authority, Ser A, RB
5.000%, 11/15/2031		560		620


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Finance Authority, Chicago International Charter School Project, RB
5.000%, 12/01/2037	$	1,500	$	1,511
Illinois State, Finance Authority, Health Care System Project, RB
5.000%, 05/15/2050 (A)		605		610
Illinois State, Finance Authority, Health Care System Project, Ser A, RB
5.000%, 11/15/2029		1,885		1,947
Illinois State, Finance Authority, Northshore - Edward-Elhmhurst Health Credit Group, Ser A, RB
5.000%, 08/15/2047		3,265		3,445
Illinois State, Finance Authority, Presence Health Network, Ser C, RB
5.000%, 02/15/2036		2,000		2,093
Illinois State, Finance Authority, University Medical Center Project, Ser A, RB
5.000%, 11/15/2033		1,050		1,076
Illinois State, Finance Authority, University Medical Center Project, Ser B, RB
5.000%, 11/15/2034		2,000		2,045
Illinois State, Finance Authority, University of Illinois Chicago Project, RB
5.000%, 02/15/2026		500		503
5.000%, 02/15/2027		200		203
5.000%, 02/15/2029		400		407
5.000%, 02/15/2031		365		370
Illinois State, GO
5.500%, 05/01/2030		3,750		4,208
5.250%, 02/01/2030		3,350		3,380
5.250%, 02/01/2032		935		943
5.000%, 11/01/2036		2,970		3,049
Illinois State, Housing Development Authority, Homeowner Mortgage, Ser C, RB
3.500%, 08/01/2046		1,025		1,007
Illinois State, Housing Development Authority, Ser D, RB, GNMA/FNMA/FHLMC
5.500%, 10/01/2053		1,400		1,495
Illinois State, Municipal Electric Agency, Ser A, RB
5.000%, 02/01/2032		5,000		5,115
Illinois State, Rebuild Illinois Program, Ser B, GO
4.000%, 11/01/2035		2,800		2,796
Illinois State, Regional Transportation Authority, RB, AGM
6.000%, 06/01/2025		3,000		3,081
Illinois State, Regional Transportation Authority, RB, NATL
6.500%, 07/01/2030		1,500		1,769

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Regional Transportation Authority, Ser A, RB, NATL
6.000%, 07/01/2031	$	1,000	$	1,165
Illinois State, Ser A, GO
5.500%, 03/01/2042		670		733
5.000%, 03/01/2029		895		973
5.000%, 03/01/2030		2,000		2,199
5.000%, 12/01/2034		780		815
Illinois State, Ser A, RB, BAM
5.000%, 06/15/2028		4,600		4,940
Illinois State, Ser B, GO
5.000%, 03/01/2031		2,000		2,219
5.000%, 10/01/2031		810		896
4.000%, 10/01/2035		4,020		4,017
Illinois State, Ser C, GO
4.000%, 10/01/2037		215		211
Illinois State, Ser D, GO
5.000%, 11/01/2023		1,000		1,005
5.000%, 11/01/2025		1,585		1,636
5.000%, 11/01/2028		1,000		1,065
Illinois State, Sports Facilities Authority, RB, BAM
5.000%, 06/15/2029		1,500		1,575
Illinois State, Toll Highway Authority, Ser A, RB
5.250%, 01/01/2043		5,000		5,540
5.000%, 12/01/2032		2,000		2,080
Illinois State, Toll Highway Authority, Ser B, RB
5.000%, 01/01/2032		1,250		1,263
Kane County, School District No. 131 Aurora East Side, Ser B, GO, AGM
5.000%, 12/01/2026		815		859
Kendall Kane & Will Counties, School District No. 308, Ser A, GO, AGM
5.000%, 02/01/2025		235		241
5.000%, 02/01/2027		1,055		1,120
Metropolitan Chicago, Water Reclamation District, Ser A, GO
5.000%, 12/01/2031		775		819
Metropolitan Chicago, Water Reclamation District, Ser C, GO
5.000%, 12/01/2024		640		654
Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, RB
5.000%, 12/15/2031		250		261
5.000%, 12/15/2032		255		266
5.000%, 12/15/2033		300		312
5.000%, 12/15/2034		400		415
4.000%, 12/15/2042		1,895		1,761
4.000%, 12/15/2047		4,265		3,838


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Railsplitter, Tobacco Settlement Authority, RB
5.000%, 06/01/2027	$	6,100	$	6,395
Sales Tax Securitization, RB
5.000%, 01/01/2034		2,500		2,779
Sales Tax Securitization, Ser A, RB
5.000%, 01/01/2026		360		373
5.000%, 01/01/2027		2,000		2,104
5.000%, 01/01/2028		380		407
5.000%, 01/01/2033		3,000		3,371
5.000%, 01/01/2034		3,760		4,006
5.000%, 01/01/2036		3,750		3,996
5.000%, 01/01/2037		1,000		1,046
Sales Tax Securitization, Ser A, RB, BAM
5.000%, 01/01/2037		200		215
Sales Tax Securitization, Ser C, RB
5.000%, 01/01/2037		635		678
University of Illinois, Ser A, RB
5.000%, 04/01/2028		2,035		2,050

				181,122

Indiana — 1.6%
Indiana State, Finance Authority, Indianapolis Power & Light Company Project, Ser S, RB
3.125%, 12/01/2024		1,930		1,902
Indiana State, Finance Authority, Stadium Project, Ser A, RB
5.250%, 02/01/2035		2,000		2,050
Indiana State, Finance Authority, Wastewater Utility Revenue, CWA Authority Project, Ser S, RB
5.000%, 10/01/2032		5,025		5,814
4.000%, 10/01/2035		2,725		2,794
4.000%, 10/01/2036		1,485		1,504
Indiana State, Housing & Community Development Authority, Ser B-1, RB, GNMA
3.250%, 07/01/2049		380		370
Indiana State, Municipal Power Agency, Ser A, RB
5.000%, 01/01/2032		3,250		3,447
Richmond, Hospital Authority, Reid Hospital Project, RB
5.000%, 01/01/2035		3,400		3,456
Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB
5.000%, 11/01/2047 (A)		5,000		5,071
4.400%, 11/01/2045 (A)		1,000		1,020

				27,428

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Iowa — 0.4%
Iowa State, Finance Authority, Iowa Fertilizer Company Project, RB
5.000%, 12/01/2050	$	2,515	$	2,521
Iowa State, Finance Authority, Ser A, RB, GNMA/FNMA/FHLMC
5.250%, 07/01/2053		1,000		1,041
Iowa State, Tobacco Settlement Authority, Ser A-2, RB
4.000%, 06/01/2035		1,075		1,083
Iowa State, Tobacco Settlement Authority, Sub-Ser B-1, RB
4.000%, 06/01/2049		610		596
PEFA, Gas Project Revenue, RB
5.000%, 09/01/2049 (A)		1,000		1,021

				6,262

Kansas — 0.2%
Kansas State, Department of Transportation, RB
5.000%, 09/01/2033		2,000		2,072
Wyandotte County, Kansas City Sales Tax, Vacation Village Project, RB
5.000%, 09/01/2027		815		742

				2,814

Kentucky — 1.9%
Kentucky State, Public Energy Authority, Ser A, RB
4.000%, 04/01/2048 (A)		10,280		10,266
4.000%, 12/01/2050 (A)		1,775		1,769
Kentucky State, Public Energy Authority, Ser A-1, RB
4.000%, 08/01/2052 (A)		2,945		2,867
Kentucky State, Public Energy Authority, Ser B, RB
4.000%, 01/01/2049 (A)		15,725		15,710
Louisville & Jefferson County, Metropolitan Government & Health System, RB
5.000%, 10/01/2047 (A)		1,175		1,214

				31,826

Louisiana — 1.2%
Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB
4.056%, 05/01/2043 (A)		390		381
Louisiana State, Highway Improvement, Ser A, RB
Pre-Refunded @ 100
5.000%, 06/15/2024 (D)		1,500		1,526


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Louisiana State, Public Facilities Authority, Lincoln Preparatory School Project, Ser A, RB
6.125%, 06/01/2037 (B)	$	400	$	397
Louisiana State, Public Facilities Authority, Tulane University Project, Ser A, RB
5.000%, 12/15/2030		3,000		3,180
New Orleans, Aviation Board, Consolidated Rental Car Facility Project, RB, AGM
5.000%, 01/01/2031		1,260		1,363
5.000%, 10/01/2036		1,550		1,650
New Orleans, Aviation Board, General North Terminal Project, Ser B, AMT, RB, AGM
5.000%, 01/01/2028		3,000		3,047
5.000%, 01/01/2032		2,100		2,133
5.000%, 01/01/2033		2,100		2,133
New Orleans, Regional Transit Authority, Ser A, RB, AGM
5.000%, 01/01/2027		515		548
St. John the Baptist Parish, Marathon Oil Project, RB
2.200%, 06/01/2037 (A)		1,000		940
2.100%, 06/01/2037 (A)		2,750		2,690
St. John the Baptist Parish, Marathon Oil Project, Sub-Ser, RB
2.375%, 06/01/2037 (A)		590		558

				20,546

Maine — 0.0%
Maine State, Health & Higher Educational Facilities Authority, Ser A, RB, AGM
4.000%, 07/01/2035		195		197
4.000%, 07/01/2037		265		260

				457

Maryland — 1.4%
Maryland State, Community Development Administration, Ser C, RB
3.500%, 03/01/2050		415		405
Maryland State, Department of Transportation, RB
4.000%, 10/01/2032		1,500		1,554
Maryland State, Health & Higher Educational Facilities Authority, Adventist HealthCare, RB
5.500%, 01/01/2036		2,000		2,057
Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical System, Ser B, RB
5.000%, 07/01/2032		5,000		5,300
Maryland State, Ser A, GO
5.000%, 03/15/2025		5,000		5,161

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Maryland State, Transportation Authority, Baltimore/Washington International Airport, AMT, RB
5.000%, 06/01/2027	$	4,850	$	5,076
Montgomery County, Ser A, GO
Pre-Refunded @ 100
5.000%, 11/01/2024 (D)		1,625		1,665
Prince George's County, Episcopal Life Project, RB
5.000%, 04/01/2031		2,000		1,867

				23,085

Massachusetts — 2.5%
Massachusetts State, Development Finance Agency, Caregroup Project, Ser H-1, RB
5.000%, 07/01/2025		1,500		1,540
Massachusetts State, Development Finance Agency, Milford Regional Medical Center Project, Ser S, RB
5.000%, 07/15/2025 (B)		120		120
Massachusetts State, Development Finance Agency, Northeastern University, RB
5.000%, 10/01/2028		300		332
5.000%, 10/01/2029		250		282
Massachusetts State, Development Finance Agency, Partners Health Care System, RB
4.160%, 07/01/2049 (A)(B)		550		544
Massachusetts State, Development Finance Agency, Provident Commonwealth Education Resources, RB
5.000%, 10/01/2027		2,965		3,020
Massachusetts State, Development Finance Agency, Suffolk University Project, RB
5.000%, 07/01/2035		150		154
Massachusetts State, Development Finance Agency, UMass Student Housing Project, RB
5.000%, 10/01/2026		2,225		2,263
Massachusetts State, Development Finance Agency, Wellforce Project, Ser C, RB, AGM
5.000%, 10/01/2023		300		301
Massachusetts State, Educational Financing Authority, AMT, RB
5.000%, 01/01/2025		1,000		1,014
5.000%, 07/01/2030		1,125		1,205
5.000%, 07/01/2031		1,500		1,620
Massachusetts State, Educational Financing Authority, Ser A, AMT, RB
5.000%, 07/01/2025		2,500		2,549


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2027	$	915	$	953
5.000%, 07/01/2028		1,750		1,840
5.000%, 07/01/2029		1,925		2,042
Massachusetts State, Health & Educational Facilities Authority, Partners Health Project, RB
3.450%, 07/01/2027 (A)		3,100		3,100
Massachusetts State, Port Authority, Bosfuel Project, Ser A, AMT, RB
5.000%, 07/01/2030		1,330		1,428
Massachusetts State, Port Authority, Ser A, AMT, RB
5.000%, 07/01/2029		1,855		1,954
Massachusetts State, Port Authority, Ser A, RB
5.000%, 07/01/2031		1,250		1,301
Massachusetts State, School Building Authority, Ser C, RB
5.000%, 08/15/2029		1,370		1,429
Massachusetts State, Ser A, GO
5.000%, 01/01/2037		2,500		2,727
Massachusetts State, Ser D, GO
4.000%, 05/01/2034		6,500		6,805
Massachusetts State, Transportation Fund Revenue, Rail Enhancement & Accelerated Program, RB
5.000%, 06/01/2037		1,050		1,063
Massachusetts State, Transportation Trust Fund, Metropolitan Highway System Revenue, Ser A, RB
5.000%, 01/01/2034		3,000		3,312

				42,898

Michigan — 1.9%
Great Lakes, Water Authority, Water Supply System, Ser A, RB
5.000%, 07/01/2035		1,000		1,134
Great Lakes, Water Authority, Water Supply System, Ser C, RB
5.000%, 07/01/2031		3,665		3,880
Great Lakes, Water Authority, Water Supply System, Ser D, RB
5.000%, 07/01/2036		5,000		5,212
Imlay, Community Schools, Ser I, GO, Q-SBLF
5.000%, 05/01/2029		420		473
Michigan State, Finance Authority, Beaumont-Spectrum Consolidation, RB
5.000%, 04/15/2033		3,610		4,089

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Michigan State, Finance Authority, Detroit Water Sewage, RB, AGM
5.000%, 07/01/2030	$	1,000	$	1,010
Michigan State, Finance Authority, Government Loan Program, RB
5.000%, 07/01/2034		2,565		2,643
Michigan State, Finance Authority, Hospital Sparrow Project, RB
Pre-Refunded @ 100
5.000%, 05/15/2025 (D)		2,755		2,841
Michigan State, Finance Authority, Hospital Trinity Health Credit, RB
5.000%, 12/01/2034		2,000		2,128
Michigan State, Finance Authority, McLaren Health Care, RB
0.750%, 10/15/2025		235		220
0.400%, 10/15/2023		650		637
Michigan State, Hospital Finance Authority, Ascension Health Care Project, Ser Senior CR, RB
5.000%, 11/15/2047		345		356
Michigan State, Housing Development Authority, Ser A, RB
5.500%, 12/01/2053		910		970
Michigan State, Housing Development Authority, Ser B, RB
3.750%, 06/01/2050		195		192
Michigan State, Strategic Fund, I-75 Improvement Project, AMT, RB
5.000%, 12/31/2031		3,500		3,618
Wayne County, Airport Authority, Ser D, RB
5.000%, 12/01/2030		1,300		1,347
5.000%, 12/01/2031		1,800		1,866

				32,616

Minnesota — 0.9%
Apple Valley, Senior Living Project, RB
5.500%, 01/01/2029		1,320		1,278
5.500%, 01/01/2031		1,085		1,038
5.250%, 01/01/2037		475		353
Cass Lake-Bena, Independent School District No. 115, Ser A, GO
4.000%, 02/01/2040		2,395		2,379
4.000%, 02/01/2041		1,910		1,891
Duluth, Independent School District No. 709, Ser A, COP
5.000%, 02/01/2025		500		512
Minneapolis & St. Paul, Metropolitan Airports Commission, Ser C, RB
5.000%, 01/01/2029		300		320
5.000%, 01/01/2031		300		319


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Minneapolis & St. Paul, Metropolitan Airports Commission, Sub-Ser B, AMT, RB
4.000%, 01/01/2038	$	915	$	887
Minneapolis, Fairview Health Services, Ser A, RB
5.000%, 11/15/2035		2,845		2,994
Minnesota State, Higher Education Facilities Authority, St. Olaf College, RB
3.000%, 10/01/2038		250		209
3.000%, 10/01/2041		1,000		792
Minnesota State, Housing Finance Agency, Ser I, RB
3.000%, 01/01/2051		1,300		1,249
Minnesota State, Municipal Power Agency, Ser A, RB
5.000%, 10/01/2025		350		357
5.000%, 10/01/2027		600		613

				15,191

Mississippi — 0.1%
Mississippi State, Ser A, RB
5.000%, 10/15/2023		285		286
5.000%, 10/15/2029		300		323
5.000%, 10/15/2030		850		912
Mississippi State, Ser E, RB
5.000%, 10/15/2029		1,000		1,034

				2,555

Missouri — 1.4%
Bi-State, Development Agency of the Missouri-Illinois Metropolitan District, RB
4.000%, 10/01/2036		995		1,001
Missouri State, Health & Educational Facilities Authority, CoxHealth, Ser A, RB
5.000%, 11/15/2034		3,000		3,082
Missouri State, Health & Educational Facilities Authority, Mercy Health, RB
4.000%, 06/01/2053		2,000		1,824
Missouri State, Health & Educational Facilities Authority, Saint Lukes Health System, RB
5.000%, 11/15/2028		1,000		1,045
Missouri State, Health & Educational Facilities Authority, SSM Health Care Project, Ser A, RB
5.000%, 06/01/2032		720		814
Missouri State, Housing Development Commission, RB, GNMA/FNMA/FHLMC
3.875%, 05/01/2050		780		768

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Missouri State, Housing Development Commission, Ser A, RB, GNMA/FNMA/FHLMC
3.500%, 11/01/2050	$	535	$	522
Missouri State, Joint Municipal Electric Utility Commission, Plum Point Project, Ser A, RB
5.000%, 01/01/2027		1,850		1,862
5.000%, 01/01/2028		1,400		1,408
5.000%, 01/01/2029		2,000		2,035
Missouri State, Joint Municipal Electric Utility Commission, Prairie Project, Ser A, RB
5.000%, 12/01/2026		5,135		5,274
St Louis, Airport Revenue, St. Louis Lambert International Airport, AMT, RB
5.000%, 07/01/2032		595		638
5.000%, 07/01/2033		625		669
St Louis, Industrial Development Authority, Confluence Academy Project, RB
5.500%, 06/15/2042 (B)		2,350		2,131

				23,073

Nebraska — 0.9%
Central Plains, Energy Project, Ser A, RB
5.000%, 09/01/2034		1,000		1,071
5.000%, 09/01/2036		2,000		2,111
5.000%, 09/01/2037		2,860		2,987
5.000%, 09/01/2042		730		744
Nebraska State, Public Power District, Ser C, RB
5.000%, 01/01/2024		775		782
Nebraska State, Public Power Generation Agency, Whelan Energy Center, RB
5.000%, 01/01/2030		5,500		5,586
Omaha, Public Power District, Ser A, RB
5.000%, 02/01/2041		1,700		1,877
Washington County, Waste Water Authority, AMT, RB
0.900%, 09/01/2030 (A)		700		659

				15,817

Nevada — 0.7%
Clark County, School District, Ser A, GO
5.000%, 06/15/2039		2,115		2,315
Clark County, Ser B, GO
5.000%, 11/01/2029		5,000		5,299
Las Vegas, Convention & Visitors Authority, Ser B, RB
5.000%, 07/01/2024		200		203
5.000%, 07/01/2038		2,000		2,175


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Las Vegas, Convention & Visitors Authority, Ser C, RB
5.000%, 07/01/2030	$	525	$	533
Reno, Sales Tax Revenue, First Lien, RB
5.000%, 06/01/2037		590		619
Reno, Sales Tax Revenue, Second Lien, RB, AGM
5.000%, 06/01/2033		400		431
Sparks, Sales Tax Revenue, Ser A, RB
2.500%, 06/15/2024 (B)		105		105

				11,680

New Hampshire — 0.0%
New Hampshire State, National Finance Authority, Springpoints Senior Living Project, RB
4.000%, 01/01/2029		300		286
4.000%, 01/01/2030		285		269
4.000%, 01/01/2031		290		270

				825

New Jersey — 3.6%
New Jersey State, COVID-19 Emergency Bonds, GO
5.000%, 06/01/2025		890		919
4.000%, 06/01/2031		1,000		1,065
4.000%, 06/01/2032		3,070		3,274
New Jersey State, Economic Development Authority, Bridge Project, RB
5.000%, 11/01/2029		285		313
New Jersey State, Economic Development Authority, Continental Airlines Project, AMT, RB
5.625%, 11/15/2030		1,160		1,175
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
5.000%, 06/01/2027		995		1,051
5.000%, 06/01/2037		1,225		1,265
New Jersey State, Economic Development Authority, School Facilities Project, RB
5.000%, 03/01/2028		1,300		1,391
New Jersey State, Economic Development Authority, School Facilities Project, Ser XX, RB
5.250%, 06/15/2027		1,395		1,435
New Jersey State, Economic Development Authority, School Facilities Project, Ser XX, RB
Pre-Refunded @ 100
5.250%, 06/15/2025 (D)		1,605		1,672
5.000%, 06/15/2025 (D)		1,020		1,057

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Educational Facilities Authority, Ser C, RB, AGM
4.000%, 07/01/2050	$	130	$	122
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
5.000%, 07/01/2036		2,250		2,341
New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB
5.000%, 07/01/2033		2,590		2,826
New Jersey State, Higher Education Student Assistance Authority, Ser A, AMT, RB
5.000%, 12/01/2030		1,400		1,500
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2024		2,400		2,430
5.000%, 12/01/2028		1,450		1,529
New Jersey State, Tobacco Settlement Financing, Ser A, RB
5.000%, 06/01/2035		10,000		10,572
New Jersey State, Transportation Trust Fund Authority, Federal Highway Reimbursement Notes, RB
5.000%, 06/15/2028		2,000		2,090
5.000%, 06/15/2029		3,500		3,659
New Jersey State, Transportation Trust Fund Authority, RB
5.250%, 06/15/2039		2,500		2,732
5.000%, 12/15/2024		280		285
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
5.000%, 06/15/2031		955		1,067
5.000%, 06/15/2038		255		275
New Jersey State, Transportation Trust Fund Authority, Ser AA, RB
5.000%, 06/15/2038		1,250		1,347
New Jersey State, Transportation Trust Fund Authority, Ser S, RB
5.000%, 06/15/2032		1,250		1,342
New Jersey State, Turnpike Authority, Ser A, RB
5.000%, 01/01/2033		2,230		2,371
New Jersey State, Turnpike Authority, Ser D, RB
5.000%, 01/01/2028		1,000		1,053


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Turnpike Authority, Ser E, RB
5.000%, 01/01/2031	$	1,250	$	1,358
5.000%, 01/01/2032		4,000		4,346
5.000%, 01/01/2033		350		380
Newark, Board of Education, GO
5.000%, 07/15/2023		300		300
Newark, Board of Education, GO, BAM
5.000%, 07/15/2026		525		551
South Jersey Port, Marine Terminal, Sub-Ser B, AMT, RB
5.000%, 01/01/2032		285		296
5.000%, 01/01/2033		425		441
5.000%, 01/01/2034		570		590
5.000%, 01/01/2036		570		584

				61,004

New Mexico — 0.1%
New Mexico State, Mortgage Finance Authority, Ser A, RB, GNMA/FNMA/FHLMC
3.500%, 01/01/2051		865		844
Santa Fe, Retirement Facilities Revenue, El Castillo Retirement Project, RB
5.000%, 05/15/2034		650		611

				1,455

New York — 7.7%
Brookhaven, Local Development, Jefferson's Ferry Project, RB
1.625%, 11/01/2025		65		60
Build NYC Resource, Kipp Public School, Canal West Project, RB
5.000%, 07/01/2029		450		477
5.000%, 07/01/2031		525		562
Huntington, Local Development, Fountaingate Gardens Project, Ser S, RB
3.000%, 07/01/2025		10		10
Long Island, Power Authority, RB
5.000%, 09/01/2033		250		270
Long Island, Power Authority, Ser A, RB
4.000%, 09/01/2037		1,980		1,991
Long Island, Power Authority, Ser B, RB
0.850%, 09/01/2050 (A)		1,500		1,398
Metropolitan New York, Transportation Authority, Ser A-2, RB
5.000%, 11/15/2034 (A)		1,000		1,009
5.000%, 11/15/2045 (A)		500		535
Metropolitan New York, Transportation Authority, Ser B1, RB
5.000%, 11/15/2029		4,140		4,166

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Metropolitan New York, Transportation Authority, Ser C-1, RB
5.000%, 11/15/2031	$	4,000	$	4,250
4.000%, 11/15/2032		1,500		1,489
Metropolitan New York, Transportation Authority, Ser D, RB
5.000%, 11/15/2030		1,000		1,034
Metropolitan New York, Transportation Authority, Ser D-1, RB
5.000%, 11/15/2029		1,000		1,026
Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB
5.000%, 07/01/2028		1,325		1,432
Nassau County, Local Economic Assistance, Catholic Health Services of Long Island Project, RB
5.000%, 07/01/2029		1,000		1,016
New York & New Jersey, Port Authority, AMT, RB
5.000%, 09/01/2035		5,000		5,354
5.000%, 01/15/2036		1,000		1,104
5.000%, 08/01/2039		605		648
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
3.000%, 01/01/2033		330		306
3.000%, 01/01/2034		740		680
New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM
5.000%, 03/01/2028		110		118
5.000%, 03/01/2030		100		110
New York City, Ser A-1, GO
5.000%, 08/01/2026		465		492
5.000%, 08/01/2032		1,810		2,057
5.000%, 08/01/2047		1,250		1,340
4.000%, 08/01/2037		4,000		4,058
New York City, Ser B-1, GO
4.000%, 10/01/2035		500		515
New York City, Ser C, GO
4.000%, 08/01/2036		2,750		2,814
New York City, Ser F-1, GO
4.000%, 03/01/2038		1,695		1,706
New York City, Sub-Ser B, GO
5.250%, 10/01/2041		6,240		7,051
5.000%, 10/01/2033		280		327
New York City, Sub-Ser D-4, GO
2.850%, 08/01/2040 (A)(G)		2,200		2,200


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Transitional Finance Authority, Building Aid Revenue, Sub-Ser S1A, RB
5.000%, 07/15/2035	$	1,650	$	1,841
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser B-1, RB					��
4.000%, 11/01/2043		2,500		2,469
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser D-S, RB
4.000%, 11/01/2035		185		191
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser F-1, RB
4.000%, 02/01/2038		410		414
New York City, Water & Sewer System, Finance Authority, Ser DD, RB
4.125%, 06/15/2047		690		684
New York City, Water & Sewer System, Finance Authority, Sub-Ser, RB
3.000%, 06/15/2040		1,800		1,505
New York State, Dormitory Authority, New York Touro College & University System, Ser A, RB
Pre-Refunded @ 100
5.250%, 07/01/2024 (D)		910		928
New York State, Dormitory Authority, Prefunded School Districts, RB, AGM
Pre-Refunded @ 100
5.000%, 10/01/2028 (D)		5		5
New York State, Dormitory Authority, RB
3.000%, 03/15/2050		5,000		3,774
New York State, Dormitory Authority, Ser 2015B-B, RB
5.000%, 03/15/2030		5,000		5,207
New York State, Dormitory Authority, Ser E, RB
4.000%, 03/15/2038		4,845		4,888
3.000%, 03/15/2041		1,500		1,241
New York State, Dormitory Authority, State University Project, Ser A, RB
5.000%, 07/01/2035		2,000		2,154
New York State, Dormitory Authority, Unrefunded School Districts, RB, AGM
5.000%, 10/01/2033		3,245		3,536
New York State, Liberty Development Authority, 1 World Trade Center Project, Ser 1WTC, RB
2.750%, 02/15/2044		610		445

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Liberty Development Authority, 4 World Trade Center Project, RB
2.875%, 11/15/2046	$	1,170	$	862
1.200%, 11/15/2028		1,355		1,148
New York State, Mortgage Agency, Ser 189, AMT, RB
3.250%, 04/01/2025		1,000		989
3.150%, 04/01/2024		920		915
New York State, Mortgage Agency, Ser 194, AMT, RB
3.250%, 10/01/2024		1,000		991
New York State, Thruway Authority, Ser A-1-GROUP, RB
4.000%, 03/15/2036		2,895		2,986
New York State, Thruway Authority, Ser J, RB
5.000%, 01/01/2027		2,095		2,112
New York State, Thruway Authority, Ser L, RB
5.000%, 01/01/2024		3,250		3,281
New York State, Transportation Development, Delta Airlines, AMT, RB
5.000%, 01/01/2034		4,000		4,114
5.000%, 10/01/2040		2,625		2,655
4.000%, 10/01/2030		4,550		4,521
New York State, Transportation Development, JFK International Airport Project, AMT, RB
5.000%, 12/01/2024		125		126
5.000%, 12/01/2025		115		117
5.000%, 12/01/2030		650		697
5.000%, 12/01/2033		775		835
5.000%, 12/01/2036		4,000		4,212
5.000%, 12/01/2037		3,000		3,137
New York State, Transportation Development, JFK International Airport Project, RB
5.000%, 12/01/2029		550		598
5.000%, 12/01/2030		125		138
New York State, Urban Development Authority, Personal Income Tax, RB
5.000%, 03/15/2032		2,000		2,025
New York State, Urban Development Authority, Personal Income Tax, Ser E, RB
4.000%, 03/15/2043		2,315		2,277
New York State, Utility Debt Securitization Authority, RB
5.000%, 12/15/2033		1,810		1,893
Triborough, Bridge & Tunnel Authority, RB
0.000%, 11/15/2036 (F)		905		521


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
TSASC, Tobacco Settlement Bonds, Ser A, RB
5.000%, 06/01/2025	$	1,000	$	1,022
5.000%, 06/01/2030		525		549
5.000%, 06/01/2031		525		548
Westchester County, Local Development, Pace University Project, Ser A, RB
5.000%, 05/01/2034		2,350		2,356
Westchester County, Local Development, Senior Learning Center Project, RB
2.875%, 07/01/2026 (B)		1,055		1,001
Westchester, Tobacco Asset Securitization, Ser B, RB
5.000%, 06/01/2031		2,000		2,084

				129,597

North Carolina — 1.0%
Charlotte, Airport Revenue, Douglas International Airport, AMT, RB
5.000%, 07/01/2037		2,250		2,416
Charlotte, Airport Revenue, RB
5.000%, 07/01/2026		1,525		1,610
Charlotte-Mecklenburg, Hospital Authority, Atrium Health Group, RB
5.000%, 01/15/2049 (A)		5,000		5,623
Columbus County, Industrial Facilities & Pollution Control Financing Authority, AMT, RB
2.100%, 03/01/2027 (A)		1,565		1,527
Greater Asheville, Regional Airport Authority, Ser A, AMT, RB, AGM
5.000%, 07/01/2031		445		486
North Carolina State, Housing Finance Agency, RB, GNMA/FNMA/FHLMC
5.500%, 01/01/2054		630		672
3.750%, 07/01/2052		1,680		1,645
North Carolina State, Medical Care Commission, Retirement Facilities First Mortgage, RB
5.000%, 01/01/2029		285		281
North Carolina State, Medical Care Commission, The Forest at Duke Project, RB
4.000%, 09/01/2041		830		698
North Carolina State, Medical Care Commission, Twin Lakes Community, Ser A, RB
5.000%, 01/01/2038		605		596
North Carolina State, Turnpike Authority, RB, AGM
5.000%, 01/01/2034		1,000		1,079

				16,633

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
North Dakota — 0.0%
North Dakota State, Housing Finance Agency, Home Mortgage Finance Program, RB
3.550%, 07/01/2033	$	380	$	372


Ohio — 1.9%
Allen County, Hospital Facilities Revenue, RB
5.000%, 12/01/2028		750		819
American Municipal Power, Ser A, RB
5.000%, 02/15/2027		5,000		5,044
Buckeye, Tobacco Settlement Financing Authority, Ser A-2, RB
5.000%, 06/01/2032		4,325		4,639
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2055		3,100		2,868
0.000%, 06/01/2057 (F)		7,035		781
Cuyahoga County, Hospital Revenue, Metrohealth System, RB
5.000%, 02/15/2037		3,000		3,043
Hamilton County, Tax Revenue Authority, Ser A, RB
4.000%, 12/01/2032		1,600		1,623
Ohio State, Air Quality Development Authority, RB
4.000%, 09/01/2030 (A)		990		977
Ohio State, Higher Educational Facility Commission, Case Western Reserve University Project, RB
5.000%, 12/01/2029		2,615		2,830
Ohio State, Higher Educational Facility Commission, Kenyon College Project, RB
5.000%, 07/01/2035		680		768
5.000%, 07/01/2037		300		332
Ohio State, Hospital Facility Authority, Cleveland Clinic Health Project, RB
5.000%, 01/01/2031		1,250		1,350
2.750%, 01/01/2052 (A)		480		465
Ohio State, Hospital Facility Authority, University Hospital Health System Project, Ser B, RB
5.000%, 01/15/2050 (A)		3,230		3,293
Ohio State, Housing Finance Agency, Ser A, RB
3.000%, 03/01/2052		750		719
Ohio State, Portsmouth Bypass Project, AMT, RB, AGM
5.000%, 12/31/2027		655		666


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Southern Ohio, Port Authority, Purecycle Project, Ser A, AMT, RB
6.250%, 12/01/2025 (B)	$	1,100	$	1,034

				31,251

Oklahoma — 0.1%
Oklahoma State, Development Finance Authority, OU Medicine Project, Ser B, RB
5.250%, 08/15/2043		1,510		1,407


Oregon — 0.9%
Clackamas County, Hospital Facility Authority, Rose Villa Project, Ser A, RB
5.125%, 11/15/2040		500		473
Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO
5.000%, 06/15/2024		250		254
5.000%, 06/15/2025		275		285
Medford, Hospital Facilities Authority, Asante Project, Ser A, RB
5.000%, 08/15/2026		260		272
5.000%, 08/15/2034		1,000		1,093
Oregon State, Department of Administrative Services, State Lottery, Ser C, RB
5.000%, 04/01/2024		2,450		2,486
Oregon State, Facilities Authority, Legacy Health Project, Ser A, RB
5.000%, 06/01/2024		1,000		1,011
5.000%, 06/01/2035		2,500		2,579
Oregon State, Facilities Authority, PeaceHealth, Ser B, RB
2.900%, 08/01/2034 (A)(G)		1,200		1,200
Oregon State, GO
5.000%, 05/01/2040		1,970		2,226
Port of Portland, Airport Revenue, Portland International Airport, Ser 28, AMT, RB
4.000%, 07/01/2036		2,000		1,989
Umatilla County, School District No. 8R Hermiston, Ser A, GO
0.000%, 06/15/2027 (F)		1,000		863

				14,731

Pennsylvania — 7.5%
Allegheny County, Hospital Development Authority, Allegheny Health Network Project, RB
5.000%, 04/01/2030		5,000		5,300
Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, RB
5.000%, 05/01/2042 (B)		1,850		1,797

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Bucks County, Industrial Development Authority, Lane Charter School Project, RB
5.125%, 03/15/2036	$	2,000	$	2,031
East Hempfield Township, Industrial Development Authority, Student Services, Student Housing Project, RB
Pre-Refunded @ 100
5.000%, 07/01/2024 (D)		1,600		1,626
Lancaster County, Hospital Authority, Penn State Health System Project, RB
5.000%, 11/01/2046		2,000		2,068
Lancaster County, Hospital Authority, University of Pennsylvania Health System, Ser B, RB
5.000%, 08/15/2026		1,940		2,047
Luzerne County, Industrial Development Authority, America Water Project, AMT, RB
2.450%, 12/01/2039 (A)		2,500		2,282
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB
5.000%, 09/01/2033		2,815		2,988
Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB
5.000%, 11/15/2036		4,485		4,455
Moon Township, Industrial Development Authority, Presbyterian Health Care Project, RB
5.625%, 07/01/2030		1,810		1,662
Octorara Area, School District, GO, AGM
4.000%, 04/01/2024		250		251
4.000%, 04/01/2025		650		657
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2026		2,995		3,117
5.000%, 06/01/2032		2,150		2,302
5.000%, 06/01/2033		3,500		3,743
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.000%, 06/30/2034		8,235		8,892
Pennsylvania State, Economic Development Financing Authority, RB
5.000%, 05/15/2039		600		653
Pennsylvania State, Economic Development Financing Authority, University of Pittsburgh Medical Center, Ser A, RB
5.000%, 10/15/2033		2,300		2,573


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania State, GO
5.000%, 09/15/2026	$	2,500	$	2,651
Pennsylvania State, Higher Education Assistance Agency, Ser A, AMT, RB
5.000%, 06/01/2031		1,450		1,556
Pennsylvania State, Housing Finance Agency, Ser 142-A, RB
5.500%, 10/01/2053		1,125		1,190
4.850%, 10/01/2043		4,650		4,681
Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, RB
5.000%, 12/01/2030		5,000		5,302
Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, Sub-Ser, RB
5.000%, 12/01/2033		6,000		6,440
5.000%, 12/01/2035		1,000		1,060
Pennsylvania State, Turnpike Commission, Ser A, RB
4.000%, 12/01/2041		1,960		1,934
Pennsylvania State, Turnpike Commission, Ser B, RB
5.000%, 12/01/2033		3,000		3,126
5.000%, 12/01/2039		250		274
Pennsylvania State, Turnpike Commission, Sub-Ser B, RB
5.000%, 06/01/2028		3,000		3,158
Philadelphia, Airport Revenue, AMT, RB, AGM
4.000%, 07/01/2040		500		476
Philadelphia, Airport Revenue, Ser B, AMT, RB
5.000%, 07/01/2031		1,000		1,045
Philadelphia, Hospitals & Higher Education Facilities Authority, Temple University Health System Project, RB, AGM
5.000%, 07/01/2036		700		757
Philadelphia, Industrial Development Authority, University Square Apartments Project, RB
5.000%, 12/01/2037		4,665		4,775
Philadelphia, Redevelopment Authority, Ser B, AMT, RB
5.000%, 04/15/2025		1,250		1,282
Philadelphia, School District, Ser A, GO
5.000%, 09/01/2029		1,500		1,647
5.000%, 09/01/2030		1,000		1,086
5.000%, 09/01/2034		1,410		1,566
5.000%, 09/01/2036		2,000		2,136
4.000%, 09/01/2035		5,000		5,048
4.000%, 09/01/2038		3,000		2,924

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Philadelphia, School District, Ser F, GO
5.000%, 09/01/2028	$	3,390	$	3,548
5.000%, 09/01/2030		7,975		8,310
Philadelphia, Ser A, GO
5.000%, 05/01/2032		5,905		6,748
Philadelphia, Water & Wastewater Revenue, RB
5.000%, 10/01/2033		2,000		2,249
Southeastern Pennsylvania, Transportation Authority, RB
5.250%, 06/01/2039		2,250		2,554

				125,967

Puerto Rico — 2.9%
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2027 (C)		2,990		2,138
Puerto Rico, Electric Power Authority, Ser TT, RB
5.000%, 07/01/2032 (C)		1,000		715
Puerto Rico, Electric Power Authority, Ser WW, RB
5.250%, 07/01/2033 (C)		3,035		2,170
Puerto Rico, Electric Power Authority, Ser XX, RB
5.250%, 07/01/2040 (C)		2,940		2,102
Puerto Rico, GDB Debt Recovery Authority, RB
7.500%, 08/20/2040		1,773		1,463
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
4.750%, 07/01/2053		1,000		925
0.000%, 07/01/2046 (F)		10,000		2,690
0.000%, 07/01/2051 (F)		12,042		2,383
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB
4.550%, 07/01/2040		8,625		8,208
0.000%, 07/01/2029 (F)		1,500		1,148
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB
4.329%, 07/01/2040		11,030		10,219
Puerto Rico, Ser A1, GO
5.625%, 07/01/2027		3,400		3,554
4.000%, 07/01/2035		2,010		1,795
4.000%, 07/01/2046		3,600		2,899
Puerto Rico, Sub-Ser CW, GO
0.000%, 11/01/2043 (A)(H)		11,894		5,798

				48,207


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Rhode Island — 0.1%
Rhode Island State, Health & Educational Building Authority, University of Rhode Island Project, Ser B, RB
5.000%, 09/15/2028	$	1,405	$	1,478


South Carolina — 1.8%
Piedmont, Municipal Power Agency, Ser B, RB
4.000%, 01/01/2033		5,125		5,172
Piedmont, Municipal Power Agency, Ser E, RB
5.000%, 01/01/2024		485		489
5.000%, 01/01/2025		385		393
South Carolina State, Housing Finance & Development Authority, Ser B, RB
3.750%, 01/01/2050		550		539
South Carolina State, Jobs-Economic Development Authority, Bons Secours Mercy Health, Ser S, RB
5.000%, 10/01/2035		1,460		1,623
South Carolina State, Jobs-Economic Development Authority, High Point Academy Project, Ser A, RB
5.750%, 06/15/2039 (B)		1,870		1,894
South Carolina State, Port Authority, AMT, RB
5.000%, 07/01/2029		2,250		2,399
5.000%, 07/01/2030		1,500		1,601
4.000%, 07/01/2035		1,160		1,155
South Carolina State, Public Service Authority, Ser A, RB
5.000%, 12/01/2025		385		398
5.000%, 12/01/2031		540		587
5.000%, 12/01/2036		2,750		2,951
4.000%, 12/01/2034		2,000		1,990
4.000%, 12/01/2036		2,250		2,222
4.000%, 12/01/2038		175		170
South Carolina State, Public Service Authority, Ser C, RB
5.000%, 12/01/2026		3,800		3,869
South Carolina State, Public Service Authority, Ser E, RB, AGM
5.250%, 12/01/2038		2,500		2,760

				30,212

South Dakota — 0.2%
South Dakota State, Health & Educational Facilities Authority, Sanford Obligated Group, RB
5.000%, 11/01/2027		830		863
5.000%, 11/01/2028		900		939
5.000%, 11/01/2035		1,005		1,036

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
South Dakota State, Housing Development Authority, Ser A, RB, GNMA/FNMA/FHLMC
6.000%, 05/01/2054	$	285	$	305
South Dakota State, Housing Development Authority, Ser B, RB
4.000%, 11/01/2049		755		747

				3,890

Tennessee — 0.9%
Chattanooga, Commonspirit Health, Ser A, RB
5.000%, 08/01/2034		1,015		1,079
5.000%, 08/01/2035		420		444
Greeneville, Health & Educational Facilities Board, Ballad Health Obligation Group, RB
5.000%, 07/01/2031		2,000		2,002
Nashville, Metropolitan Government, GO
4.000%, 07/01/2033		3,000		3,088
Tennergy, Ser A, RB
4.000%, 12/01/2051 (A)		2,500		2,474
Tennessee State, Energy Acquisition, RB
4.000%, 11/01/2049 (A)		2,500		2,489
Tennessee State, Energy Acquisition, Ser C, RB
5.000%, 02/01/2027		3,485		3,469
Tennessee State, Housing Development Agency, AMT, RB
4.000%, 07/01/2045		465		462

				15,507

Texas — 8.5%
Arlington, Higher Education Finance, RB, PSF-GTD
5.000%, 08/15/2038		810		886
5.000%, 08/15/2040		695		751
Arlington, Special Tax Revenue, Special Tax, AGM
5.000%, 02/15/2030		2,000		2,057
Austin, Electric Utility Revenue, RB
5.000%, 11/15/2032		1,535		1,623
Austin, Texas Airport System Revenue, Ser B, AMT, RB
5.000%, 11/15/2037		900		922
Austin-Bergstrom, Landhost Enterprises, RB
5.000%, 10/01/2026		465		475
Boerne, Independent School District, GO, PSF-GTD
3.125%, 02/01/2053 (A)		935		922
Central Texas, Regional Mobility Authority, Senior Lien, Ser D, RB
4.000%, 01/01/2037		770		769


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Central Texas, Regional Mobility Authority, Ser B, RB
5.000%, 01/01/2036	$	200	$	217
Central Texas, Turnpike System, Sub-Ser C, RB
5.000%, 08/15/2031		2,500		2,529
5.000%, 08/15/2033		6,500		6,572
5.000%, 08/15/2037		1,475		1,484
Clear Creek, Independent School District, GO, PSF-GTD
0.280%, 02/15/2038 (A)		640		608
Clifton, Higher Education Finance, Public Schools Project, RB, PSF-GTD
5.000%, 08/15/2027		1,050		1,069
4.000%, 08/15/2032		1,000		1,024
Collin County, Community College District, Ser A, GO
4.000%, 08/15/2034		2,500		2,595
Corpus Christi, Utility System Revenue, Ser A, RB
5.000%, 07/15/2033		1,500		1,680
Dallas City, Hotel Occupancy Tax Revenue, RB
4.000%, 08/15/2031		1,000		1,009
4.000%, 08/15/2034		480		481
Dallas City, Love Field, Airport Modernization, AMT, RB
5.000%, 11/01/2030		1,000		1,034
5.000%, 11/01/2031		1,250		1,296
5.000%, 11/01/2032		2,500		2,583
5.000%, 11/01/2033		1,175		1,213
5.000%, 11/01/2034		1,000		1,031
5.000%, 11/01/2035		1,000		1,027
Dallas County, Utility & Reclamation District, GO
5.000%, 02/15/2028		1,000		1,076
Dallas-Fort Worth, International Airport Revenue, Ser A, RB
5.000%, 11/01/2024		250		255
Dallas-Fort Worth, International Airport Revenue, Ser G, RB
5.250%, 11/01/2026		2,250		2,264
Denton, Utility System Revenue, RB
5.000%, 12/01/2032		7,500		7,888
El Paso, GO
5.000%, 08/15/2034		2,050		2,159
Georgetown, Utility System Revenue, RB, AGM
5.000%, 08/15/2037		1,705		1,858

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Harris County, Cultural Education Facilities Finance, Memorial Herman Health System, RB
5.000%, 12/01/2025	$	2,000	$	2,073
Harris County, Houston Sports Authority, Senior Lien, Ser A, RB
5.000%, 11/15/2028		2,500		2,545
5.000%, 11/15/2029		2,325		2,369
5.000%, 11/15/2030		3,310		3,373
Harris County, Houston Sports Authority, Ser C, RB
5.000%, 11/15/2033		1,100		1,117
Harris County, Industrial Development, RB
4.050%, 11/01/2050 (A)		390		391
Hidalgo County, Regional Mobility Authority, Ser A, RB
5.000%, 12/01/2031		260		275
5.000%, 12/01/2032		300		316
Houston, Airport System Revenue, Sub-Ser B, RB
5.000%, 07/01/2029		3,685		4,022
Houston, Airport System Revenue, Sub-Ser C, AMT, RB
5.000%, 07/01/2029		2,450		2,601
5.000%, 07/01/2032		1,500		1,591
Houston, Airport System Revenue, United Airlines Project, AMT, RB
5.000%, 07/01/2029		1,980		1,979
Houston, Hotel Occupancy Tax & Special Revenue, RB
4.000%, 09/01/2023		190		190
4.000%, 09/01/2025		215		217
4.000%, 09/01/2026		160		163
Lamar, Consolidated Independent School District, GO
5.000%, 02/15/2039		2,000		2,230
Lower Colorado, River Authority, LCRA Transmission Services Corporation Project, RB, AGM
5.000%, 05/15/2035		1,665		1,894
Lower Colorado, River Authority, RB
5.000%, 05/15/2031		1,000		1,030
New Hope, Cultural Education Facilities Finance, Children's Health System, Ser A, RB
5.000%, 08/15/2030		1,645		1,768
New Hope, Cultural Education Facilities Finance, Sanctuary LTC Project, RB
5.500%, 01/01/2057		750		531
New Hope, Cultural Education Facilities Finance, Westminster Project, RB
4.000%, 11/01/2055		385		286


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
North East Texas, Independent School District, Ser B, GO, PSF-GTD
2.000%, 08/01/2052 (A)	$	3,175	$	3,162
North Texas, Tollway Authority, RB
5.000%, 01/01/2035		1,800		1,928
North Texas, Tollway Authority, Ser A, RB
5.000%, 01/01/2031		3,410		3,525
5.000%, 01/01/2034		7,285		7,541
North Texas, Tollway Authority, Ser B, RB
5.000%, 01/01/2031		1,775		1,857
San Antonio, Airport System, Sub-Ser A, AMT, RB
5.000%, 07/01/2026		1,040		1,075
San Antonio, Electric & Gas Systems Revenue, RB
5.250%, 02/01/2024		6,000		6,071
5.000%, 02/01/2035		375		424
San Antonio, Electric & Gas Systems Revenue, Ser A, RB
5.000%, 02/01/2033		1,410		1,591
5.000%, 02/01/2034		1,700		1,911
San Antonio, Electric & Gas Systems Revenue, Ser B-REMK, RB
4.000%, 02/01/2033		1,000		1,055
San Antonio, Electric & Gas Systems Revenue, Ser Junior Lien, RB
1.750%, 02/01/2049 (A)		735		696
Tarrant County, Cultural Education Facilities Finance, Baylor Scott & White Health, RB
5.000%, 11/15/2032		1,500		1,568
Tarrant County, Cultural Education Facilities Finance, Christus Health, Ser A, RB
5.000%, 07/01/2053 (A)		2,000		2,224
Texas State, Municipal Gas Acquisition & Supply I, Senior Lien, Ser D, RB
6.250%, 12/15/2026		750		779
Texas State, Municipal Gas Acquisition & Supply III, RB
5.000%, 12/15/2031		285		295
5.000%, 12/15/2032		715		741
Texas State, Private Activity Bond, Surface Transportation, Senior Lien, AMT, RB
7.000%, 12/31/2038		2,500		2,517
Texas State, Ser B, GO
4.000%, 08/01/2030		625		634
4.000%, 08/01/2031		435		440
Texas State, Transportation Commission State, Highway Fund, GO
Pre-Refunded @ 100
5.000%, 04/01/2024 (D)		3,000		3,040
4.000%, 04/01/2024 (D)		3,500		3,519

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Texas State, Transportation Commission State, Highway Fund, GO
5.000%, 04/01/2028	$	2,630	$	2,769
Texas State, Water Development Board, RB
5.000%, 10/15/2026		3,750		3,991
Trinity River Authority, Central Regional Wastewater System Revenue, RB
5.000%, 08/01/2032		1,000		1,071
University of Houston, Ser C, RB
5.000%, 02/15/2029		3,000		3,135
University of Texas, Ser B, RB
Pre-Refunded @ 100
5.000%, 07/01/2024 (D)		2,285		2,326
Uptown Development Authority, TA
4.000%, 09/01/2033		400		387
4.000%, 09/01/2035		275		259

				142,849

Utah — 0.4%
Salt Lake City, Airport Revenue, Ser A, AMT, RB
5.000%, 07/01/2035		5,000		5,194
Salt Lake City, Airport Revenue, Ser B, RB
5.000%, 07/01/2035		1,500		1,581

				6,775

Vermont — 0.0%
Vermont State, Housing Finance Agency, Ser F, AMT, RB
4.000%, 11/01/2045		80		80


Virgin Islands — 0.1%
Virgin Islands, Matching Fund, Special Purpose Securitization, Ser A, RB
5.000%, 10/01/2039		1,065		1,047


Virginia — 1.9%
Arlington County, Industrial Development Authority, Virginia Hospital Center, RB
5.000%, 07/01/2026		280		292
5.000%, 07/01/2027		250		264
5.000%, 07/01/2028		375		404
Fairfax County, Industrial Development Authority, Inova Health System Project, Ser S, RB
5.000%, 05/15/2026		3,055		3,214
Halifax County, Industrial Development Authority, Virginia Electric & Power Project, RB
1.650%, 12/01/2041 (A)		1,320		1,280


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Henrico County, Economic Development Authority, Westminster Canterbury Richmond, RB
5.000%, 10/01/2042	$	430	$	441
5.000%, 10/01/2047		1,225		1,242
Norfolk, Economic Development Authority, Sentara Health Care, Ser B, RB
5.000%, 11/01/2048 (A)		1,035		1,120
Virginia State, College Building Authority, 21st Century College Program, RB
5.000%, 02/01/2028		2,000		2,189
Virginia State, Public Building Authority, Ser A, RB
4.000%, 08/01/2038		5,500		5,620
Virginia State, Small Business Financing Authority, AMT, RB
5.000%, 07/01/2035		1,085		1,144
5.000%, 06/30/2042		2,000		2,052
5.000%, 12/31/2047		440		445
4.000%, 07/01/2030		1,140		1,130
4.000%, 07/01/2031		365		362
Virginia State, Small Business Financing Authority, RB
5.000%, 01/01/2026		490		500
Virginia State, Tobacco Settlement Financing, Sub-Ser C, RB
0.000%, 06/01/2047 (F)		39,000		9,749

				31,448

Washington — 2.2%
King County, Public Hospital District No. 1, GO
5.000%, 12/01/2027		7,720		8,153
Port of Seattle, AMT, RB
5.000%, 04/01/2028		5,055		5,355
5.000%, 04/01/2036		1,500		1,582
5.000%, 08/01/2041		1,000		1,059
Port of Seattle, RB
4.000%, 06/01/2038		1,000		1,001
Port of Seattle, Ser C, AMT, RB
5.000%, 04/01/2032		1,500		1,516
Washington State, Electric Revenue, Energy Northwest, Columbia Generating Station Project, RB
5.000%, 07/01/2040		2,500		2,769
Washington State, GO
4.000%, 07/01/2036		4,500		4,666
Washington State, Health Care Facilities Authority, Ser A, RB
5.000%, 10/01/2042		1,800		1,782

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Washington State, Housing Finance Commission, Social Certificate, Ser A-1, RB
3.500%, 12/20/2035	$	971	$	888
Washington State, Housing Finance Commission, Transforming Age Project, Ser A, RB
5.000%, 01/01/2034 (B)		745		637
Washington State, Ser B-BID, GO
5.000%, 02/01/2043		4,685		5,204
Washington State, Ser R-2015E, GO
5.000%, 07/01/2031		2,730		2,812

				37,424

West Virginia — 0.4%
West Virginia State, Economic Development Authority, Appalachian Power Amos Project, RB
3.750%, 12/01/2042 (A)		2,300		2,281
West Virginia State, Parkways Authority, Turnpike Toll Revenue, RB
5.000%, 06/01/2031		1,250		1,371
5.000%, 06/01/2032		1,510		1,655
5.000%, 06/01/2034		1,000		1,095
5.000%, 06/01/2035		1,005		1,095

				7,497

Wisconsin — 3.0%
Milwaukee County, Airport Revenue, Ser A, AMT, RB
5.000%, 12/01/2026		500		521
University of Wisconsin, Hospitals & Clinics, RB
4.000%, 04/01/2037		500		495
4.000%, 04/01/2039		295		286
Wisconsin State, Center District, Ser C, RB, AGM
0.000%, 12/15/2029 (F)		370		290
Wisconsin State, GO
5.000%, 11/01/2026		1,175		1,254
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, RB
5.000%, 08/15/2031		4,155		4,527
5.000%, 08/15/2054 (A)		2,000		2,092
3.740%, 08/15/2054 (A)		1,125		1,090
Wisconsin State, Health & Educational Facilities Authority, Ascension Health Credit Group, RB
5.000%, 11/15/2030		3,810		3,984


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Health & Educational Facilities Authority, Children's Hospital of Wisconsin, RB
5.000%, 08/15/2034	$	1,835	$	1,952
Wisconsin State, Health & Educational Facilities Authority, Oakwood Lutheran Senior Ministries, RB
4.000%, 01/01/2037		665		539
Wisconsin State, Health & Educational Facilities Authority, Prohealth Care Obligation Group, RB
5.000%, 08/15/2034		1,155		1,172
Wisconsin State, Health & Educational Facilities Authority, St. Camilus Health System, RB
5.000%, 11/01/2028		470		446
5.000%, 11/01/2030		1,035		964
5.000%, 11/01/2039		500		425
Wisconsin State, Health & Educational Facilities Authority, Three Pillars Senior Living Communities, RB
4.000%, 08/15/2041		705		574
Wisconsin State, Health & Educational Facilities Authority, Unitypoint Health, Ser A, RB
5.000%, 12/01/2029		1,650		1,681
Wisconsin State, Housing & Economic Development Authority, Ser A, RB
3.000%, 03/01/2052		900		857
Wisconsin State, Housing & Economic Development Authority, Ser B, RB, FHA
0.500%, 11/01/2050 (A)		240		226
Wisconsin State, Public Finance Authority, American Dream @ Meadowlands Project, RB
7.000%, 12/01/2050 (B)		1,390		1,193
Wisconsin State, Public Finance Authority, Appalachian Regional Healthcare System, RB
5.000%, 07/01/2039		475		488
5.000%, 07/01/2040		325		332
5.000%, 07/01/2041		750		768
Wisconsin State, Public Finance Authority, Appalachian State University Project, RB, AGM
4.000%, 07/01/2027		225		229
4.000%, 07/01/2028		225		230
4.000%, 07/01/2029		225		230
Wisconsin State, Public Finance Authority, Celanese Project, Ser A, AMT, RB
5.000%, 01/01/2024		1,395		1,400

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Intermediate-Term Municipal Fund (Concluded)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Public Finance Authority, Duke Energy Progress Project, RB
3.700%, 10/01/2046 (A)	$	10,450	$	10,469
Wisconsin State, Public Finance Authority, Grand Hyatt San Antonio Hotel Acquisition Project, RB
5.000%, 02/01/2042		1,475		1,461
5.000%, 02/01/2052		755		716
5.000%, 02/01/2062		1,845		1,720
Wisconsin State, Public Finance Authority, KU Campus Development Project, RB
5.000%, 03/01/2034		6,880		7,104
Wisconsin State, Public Finance Authority, United Methodist Retirement Facility Project, RB
4.000%, 10/01/2025		285		280
4.000%, 10/01/2026		300		292
4.000%, 10/01/2027		125		120
4.000%, 10/01/2028		250		238

				50,645


Total Municipal Bonds
(Cost $1,721,896) ($ Thousands)				1,661,100


	Shares
CASH EQUIVALENT — 0.0%
SEI Daily Income Trust, Government Fund, Institutional Class
4.910%**^†		108,957		109

Total Cash Equivalent
(Cost $109) ($ Thousands)				109


Total Investments in Securities — 98.7%
(Cost $1,722,005) ($ Thousands)			$	1,661,209

	Percentages are based on Net Assets of $1,683,071 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2023.
^†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2023, the value of these securities amounted to $32,630 ($ Thousands), representing 1.9% of the Net Assets of the Fund.
(C)	Security is in default on interest payment.
(D)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(E)	Security is escrowed to maturity.
(F)	Zero coupon security.
(G)	Securities are held in connection with a letter of credit issued by a major bank.
(H)	No interest rate available.

The following is a summary of the level of inputs used as of May 31, 2023, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Municipal Bonds

–

1,661,100

–

1,661,100

Cash Equivalent

109

–

109

Total Investments in Securities

109

1,661,100

–

1,661,209

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

The following is a summary of the transactions with affiliates for the period ended May 31, 2023 ($ Thousands):

Security Description

Value

8/31/2022

Purchases

at Cost

Proceeds

from Sales

Realized Gain/

(Loss)

Change in Unrealized Appreciation/ (Depreciation)

Value

5/31/2023

Income

Capital Gains

SEI Daily Income Trust, Government Fund,

Institutional Class

682

137,777

(138,350

)

—

109

131

—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.3%
Alabama — 7.1%
Black Belt, Energy Gas District, Ser A-1, RB
4.000%, 12/01/2049 (A)	$	3,940	$	3,918
Black Belt, Energy Gas District, Ser C-1, RB
5.250%, 12/01/2025		880		904
Black Belt, Energy Gas District, Ser E, RB
5.000%, 06/01/2024		1,250		1,263
Black Belt, Energy Gas District, Ser S, RB
4.000%, 12/01/2023		2,000		1,998
4.000%, 12/01/2024		1,765		1,760
4.000%, 12/01/2025		7,520		7,478
4.000%, 10/01/2052 (A)		2,500		2,472
Black Belt, Energy Gas District, Sub-Ser, RB
4.804%, 07/01/2052 (A)		2,000		1,974
Lower Alabama, Gas District, RB
4.000%, 12/01/2023		550		549
4.000%, 12/01/2024		500		499
4.000%, 12/01/2025		730		727
4.000%, 12/01/2050 (A)		10,000		9,952
Mobile, Industrial Development Board, Pollution Control Authority, Barry Plant Project, RB
2.900%, 07/15/2034 (A)		1,000		994
Selma, Industrial Development Board, International Paper Co. Project, RB
1.375%, 05/01/2034 (A)		5,250		4,982
Southeast Alabama, Energy Authority, Cooperative District Project #4, Ser B-1, RB
5.000%, 08/01/2024		1,300		1,313
Southeast Alabama, Energy Authority, Cooperative District Project #5, Ser A, RB
5.000%, 07/01/2027		2,500		2,575
Southeast Alabama, Gas Supply District, LIBOR Project #2, Ser B, RB
4.314%, 06/01/2049 (A)		18,940		18,957
Southeast Alabama, Gas Supply District, Project #1, Ser A, RB
4.000%, 04/01/2049 (A)		6,850		6,840
Southeast Alabama, Gas Supply District, SIFMA Index Project, Ser C, RB
4.210%, 04/01/2049 (A)		2,500		2,497

				71,652

Alaska — 0.2%
Alaska State, International Airports System, Ser C, AMT, RB
5.000%, 10/01/2025		1,980		2,028


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Arizona — 1.0%
Arizona State, Health Facilities Authority, Banner Health, Ser B, RB
3.810%, 01/01/2046 (A)	$	1,000	$	980
Arizona State, Industrial Development Authority, Phoenix Children's Hospital, RB
5.000%, 02/01/2025		450		461
Chandler, Industrial Development Authority, Intel Corp. Project, AMT, RB
5.000%, 06/01/2049 (A)		1,680		1,691
Chandler, Industrial Development Authority, Intel Corp. Project, Ser S, AMT, RB
5.000%, 09/01/2052 (A)		1,250		1,281
Maricopa County, Industrial Development Authority, Banner Health, RB
4.130%, 01/01/2035 (A)		3,625		3,614
Maricopa County, Special Health Care District, Ser D, GO
5.000%, 07/01/2024		990		1,005
Phoenix, Civic Improvement Authority, AMT, RB
5.000%, 07/01/2025		1,100		1,130

				10,162

California — 2.5%
Alameda, Unified School District, Ser A, GO, AGM
0.000%, 08/01/2026 (B)		1,000		903
Bay Area, Toll Authority, RB
3.840%, 04/01/2056 (A)		1,250		1,248
California State, Choice Financing Authority, Clean Energy Project, Ser B, RB
4.000%, 08/01/2025		535		536
California State, Choice Financing Authority, Clean Energy Project, Ser S, RB
4.000%, 12/01/2026		450		450
California State, GO
5.000%, 03/01/2027		4,415		4,564
California State, Infrastructure & Economic Development Bank, Academy of Sciences, RB
3.910%, 08/01/2047 (A)		2,500		2,469
California State, Infrastructure & Economic Development Bank, Brightline West Passenger Rail, AMT, RB
3.650%, 01/01/2050 (A)(C)		3,000		2,989

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Municipal Finance Authority, Waste Management Project, Ser A, RB
1.300%, 02/01/2039 (A)(C)	$	1,500	$	1,445
California State, Pollution Control Financing Authority, America Water Capital Project, RB
0.600%, 08/01/2040 (A)		2,025		2,007
California State, Statewide Communities Development Authority, Dignity Health, Ser D, RB, AGM
4.000%, 07/01/2041 (A)		925		925
California State, Statewide Communities Development Authority, Dignity Health, Ser E, RB, AGM
4.240%, 07/01/2040 (A)		2,525		2,525
Cathedral, Redevelopment Agency, Successor Agency, TA
4.000%, 08/01/2023		100		100
Cathedral, Redevelopment Agency, Successor Agency, TA, BAM
4.000%, 08/01/2024		245		246
Los Angeles, Department of Airports, Sub-Ser, AMT, RB
5.000%, 05/15/2024		705		714
Los Angeles, RB
4.000%, 06/29/2023		1,000		1,001
Newman-Crows Landing, Unified School District, GO
0.000%, 08/01/2025 (B)		500		460
Pittsburg, Redevelopment Agency Successor Agency, TA, AMBAC
0.000%, 08/01/2028 (B)		500		412
San Mateo County, Community College District, Ser C, GO, NATL
0.000%, 09/01/2025 (B)		1,250		1,164
Southern Kern, Unified School District, Ser D, GO, BAM
0.000%, 11/01/2024 (B)		200		190
Vernon, Electric System Revenue, Ser A, RB
5.000%, 04/01/2024		1,100		1,108

				25,456

Colorado — 1.9%
Colorado State, Health Facilities Authority, Adventhealth Obligated Group Project, RB
5.000%, 11/15/2027		485		511
Colorado State, Health Facilities Authority, Commonspirit Health, RB
5.000%, 11/01/2024		850		864
5.000%, 11/01/2025		350		358


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Colorado State, Health Facilities Authority, Commonspirit Health, Ser B, RB
5.000%, 08/01/2049 (A)	$	1,195	$	1,218
Colorado State, Health Facilities Authority, Commonspirit Health, Ser B-2, RB
5.000%, 08/01/2049 (A)		2,000		2,058
Colorado State, Health Facilities Authority, Intermountain Healthcare, RB
5.000%, 05/15/2062 (A)		615		674
Colorado State, School of Mines, Ser D, RB
4.430%, 12/01/2025 (A)		1,000		1,000
Denver City & County, Airport System Revenue Authority, Ser D, AMT, RB
5.000%, 11/15/2025		2,000		2,052
E-470, Public Highway Authority, Ser B, RB
3.754%, 09/01/2039 (A)		5,105		5,074
Regional Transportation District, Denver Transit Partners Eagle P3 Project, RB
5.000%, 01/15/2024		350		351
5.000%, 07/15/2024		615		619
5.000%, 01/15/2025		300		303
5.000%, 07/15/2025		440		450
3.000%, 01/15/2026		405		397
University of Colorado, Green Bonds, Ser C, RB
2.000%, 06/01/2054 (A)		3,855		3,745

				19,674

Connecticut — 2.4%
Connecticut State, Health & Educational Facilities Authority, Stamford Hospital Issue, Ser L, RB
4.000%, 07/01/2023		550		550
Connecticut State, Health & Educational Facilities Authority, Yale University Issue, Ser 2017, RB
0.550%, 07/01/2037 (A)		2,000		1,994
Connecticut State, Higher Education Supplement Loan Authority, AMT, RB
5.000%, 11/15/2023 (D)		500		503
Connecticut State, Housing Finance Authority, Housing Mortgage Finance Program, RB
0.300%, 11/15/2024		500		475
0.250%, 05/15/2024		750		725
Connecticut State, Housing Finance Authority, RB
3.650%, 11/15/2052 (A)		7,295		7,286
Connecticut State, Housing Finance Authority, Ser 25, RB
2.700%, 06/15/2023		1,315		1,315

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Connecticut State, Housing Finance Authority, Ser A4, RB
3.860%, 11/15/2050 (A)	$	5,750	$	5,708
Connecticut State, Ser D, GO
5.000%, 09/15/2025		1,500		1,560
Connecticut State, SIFMA Index Project, Ser A, GO
4.550%, 03/01/2025 (A)		1,815		1,804
4.510%, 03/01/2024 (A)		2,155		2,154

				24,074

Delaware — 0.5%
Delaware State, Economic Development Authority, Delmarva Power & Light Company Project, RB
1.050%, 01/01/2031 (A)		5,100		4,818


District of Columbia — 1.6%
District of Columbia, Hospital Refunding, Childrens Hospital, RB
5.000%, 07/15/2023		840		841
District of Columbia, Housing Finance Agency, Parcel 42 Project, RB
1.700%, 09/01/2041 (A)		7,160		6,852
District of Columbia, Housing Finance Agency, Park Southern Apartments Project, RB, FHA
0.700%, 06/01/2024 (A)		2,690		2,690
District of Columbia, Housing Finance Agency, Strand Residences Project, RB
2.500%, 02/01/2039 (A)		500		498
Metropolitan Washington, Airports Authority, Ser A, AMT, RB
5.000%, 10/01/2023		5,225		5,246

				16,127

Florida — 2.1%
Florida State, Citizens Property Insurance, Coastal Account, Ser A, RB
5.000%, 06/01/2025		6,315		6,432
Florida State, Development Finance, Lakeland Regional Health Systems, RB
5.000%, 11/15/2024		1,200		1,219
Gainesville, Utilities System Revenue Authority, Ser A-REMK, RB
2.920%, 10/01/2026 (A)		1,475		1,475
Jacksonville, Ser A, RB
5.000%, 10/01/2023		625		628
5.000%, 10/01/2024		1,500		1,532
Lee County, Airport Revenue, Ser A, AMT, RB
5.000%, 10/01/2024		815		825


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Lee County, Industrial Development Authority, Shell Point, RB
4.000%, 11/15/2025	$	210	$	207
Miami-Dade County, Expressway Authority, Ser B, RB
5.000%, 07/01/2028		1,000		1,011
Miami-Dade County, Industrial Development Authority, Waste Management Project, AMT, RB
3.935%, 11/01/2048 (A)		500		489
Miami-Dade County, Seaport Department, Ser A, AMT, RB
5.000%, 10/01/2029		5,500		5,937
North Sumter County, Utility Dependent District, Sumter Water Conservation Authority, RB, AGM
4.000%, 10/01/2023		640		641
Palm Beach County, Educational Facilities Authority, Palm Beach Atlantic University, RB
4.000%, 10/01/2024		225		224
4.000%, 10/01/2025		235		233
Pasco County, H Lee Moffitt Cancer Center & Research Institute, RB, AGM
5.250%, 09/01/2027		300		322

				21,175

Georgia — 5.8%
Bartow County, Development Authority, Georgia Power Plant, RB
2.875%, 08/01/2043 (A)		1,800		1,741
Burke County, Development Authority, Georgia Power Company Plant Vogtle Project, RB
3.875%, 10/01/2032 (A)		2,500		2,494
2.875%, 12/01/2049 (A)		4,000		3,869
College Park, Business & Industrial Development Authority, Somersby Project, Ser B, RB
1.250%, 07/01/2025 (A)		2,125		2,055
Georgia State, Main Street Natural Gas, Ser A, RB
5.000%, 06/01/2027		1,100		1,129
4.000%, 12/01/2024		1,100		1,097
4.000%, 03/01/2026		500		500
4.000%, 09/01/2026		415		415
4.000%, 04/01/2048 (A)		5,585		5,588

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Georgia State, Main Street Natural Gas, Ser B, RB
5.000%, 06/01/2025	$	650	$	659
5.000%, 03/01/2026		500		512
5.000%, 09/01/2026		575		592
4.214%, 04/01/2048 (A)		4,150		4,151
4.000%, 08/01/2049 (A)		18,260		18,305
Georgia State, Main Street Natural Gas, Ser C, RB
4.000%, 05/01/2052 (A)		1,540		1,527
4.000%, 08/01/2052 (A)(C)		1,000		964
Georgia State, Main Street Natural Gas, Ser E, RB
4.130%, 08/01/2048 (A)		1,500		1,498
Georgia State, Main Street Natural Gas, Sub-Ser C, RB
4.000%, 08/01/2048 (A)		11,025		11,036
Monroe County, Development Authority, Oglethorpe Power Company Project, RB
1.500%, 01/01/2039 (A)		750		708

				58,840

Guam — 0.1%
Guam, Power Authority, Ser A, RB
5.000%, 10/01/2023		1,000		1,002


Idaho — 0.1%
Boise, Airport Revenue, Employee Parking Facilities Project, AMT, RB
4.000%, 09/01/2025		410		411
4.000%, 09/01/2026		425		428

				839

Illinois — 5.6%
Berwyn, Ser A, GO
5.000%, 12/01/2024		820		828
Chicago Heights, Olympic Village Apartments Project, RB, FHA/GNMA
2.875%, 08/01/2027 (A)		2,000		1,931
Chicago, O'Hare International Airport, Ser A, AMT, RB
5.000%, 01/01/2027		1,000		1,012
Chicago, Park District, Ser B, GO
5.000%, 01/01/2026		550		553
Chicago, Ser A, GO
5.000%, 01/01/2024		1,900		1,911
Chicago, Ser B-R, GO
5.000%, 01/01/2025		1,000		1,019
Chicago, Ser C, GO
5.000%, 01/01/2024		1,750		1,761


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Chicago, Special Assessment Revenue, Lakeshore East Project, SAB
1.990%, 12/01/2023 (C)	$	280	$	276
Cook County, School District No. 233 Homewood-Flossmoor, GO
4.000%, 12/01/2023		1,540		1,543
4.000%, 12/01/2024		1,605		1,614
Cook County, School District No. 87 Berkeley, GO, AGM
5.000%, 12/01/2024		500		512
Geneva City, GO
4.000%, 02/01/2026		400		407
Granite, Solid Waste Disposal, Waste Management Project, AMT, RB
1.250%, 05/01/2027		4,100		3,661
Illinois State, Finance Authority, Advocate Health Care, RB
Pre-Refunded @ 100
5.000%, 06/01/2023 (E)		600		600
Illinois State, Finance Authority, Field Museum of Natural History, RB
4.756%, 11/01/2034 (A)		1,970		1,960
Illinois State, Finance Authority, Health Care System Project, RB
5.000%, 05/15/2050 (A)		1,500		1,513
Illinois State, Finance Authority, University of Chicago Medical Center, Ser B-1, RB
5.000%, 08/15/2052 (A)		1,500		1,540
Illinois State, GO
5.500%, 07/01/2027		1,000		1,002
5.000%, 07/01/2023		1,140		1,141
5.000%, 08/01/2023		1,075		1,077
Illinois State, Housing Development Authority, Homeowner Mortgage, Ser C, RB
2.300%, 02/01/2026		1,000		961
Illinois State, Housing Development Authority, Marshall Field Garden Apartment Homes, RB, FNMA
4.560%, 05/15/2050 (A)(F)		1,000		1,002
Illinois State, Housing Development Authority, Ser H, RB, GNMA/FNMA/FHLMC
3.470%, 10/01/2053 (A)		2,000		1,994
Illinois State, Ser A, GO
5.000%, 03/01/2024		2,500		2,522
5.000%, 03/01/2025		500		511
Illinois State, Ser B, GO
5.000%, 03/01/2024		4,250		4,287
Illinois State, Ser D, GO
5.000%, 11/01/2024		255		259
5.000%, 11/01/2026		1,975		2,073
3.250%, 11/01/2026		13,710		13,449

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Sports Facilities Authority, RB, AGM
5.000%, 06/15/2027	$	1,500	$	1,515
Illinois State, Toll Highway Authority, Ser C, RB
5.000%, 01/01/2029		120		124
Joliet, Waterworks & Sewerage Revenue, RB
5.000%, 01/01/2024		1,000		1,004
Sales Tax Securitization, Ser A, RB
5.000%, 01/01/2025		1,000		1,023
Sangamon, Logan & Menard Counties, Community Unit School District No. 15, Ser B, GO, BAM
5.000%, 12/01/2023		200		201
Waukegan, Water & Sewer System Revenue, RB, AGM
4.000%, 12/30/2023		250		251
West Chicago, Park District, Ser B, GO, BAM
3.000%, 12/01/2023		220		219

				57,256

Indiana — 5.1%
Evansville & Vanderburgh County, Building Authority, Lease Rental Revenue, GO, AGM
3.000%, 07/15/2023		200		200
3.000%, 01/15/2024		250		248
Fort Wayne, Redevelopment Authority, Grand Wayne Center Project, RB
4.000%, 02/01/2025		500		505
4.000%, 08/01/2025		810		822
Indiana State, Finance Authority, Indiana University Health, RB
2.250%, 12/01/2058 (A)		7,150		6,932
Indiana State, Finance Authority, Indianapolis Power, AMT, RB
0.950%, 12/01/2038 (A)		2,000		1,785
Indiana State, Finance Authority, Southern Indiana Gas and Electric Company Projects, RB
3.550%, 05/01/2037 (A)		1,930		1,894
3.450%, 07/01/2025		14,260		14,069
Indiana State, Housing & Community Development Authority, Bradford Lakes Apartments Project, RB
4.500%, 04/01/2025 (A)		3,000		3,006
Indianapolis, Local Public Improvement Bond Bank, Indianapolis Airport Authority Project, AMT, RB
5.000%, 01/01/2026		1,000		1,028


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Indianapolis, Local Public Improvement Bond Bank, Indianapolis Airport Authority Project, Ser D, AMT, RB
5.000%, 01/01/2026	$	750	$	753
Indianapolis, Local Public Improvement Bond Bank, Ser A, RB
5.000%, 06/01/2023		1,400		1,400
5.000%, 06/01/2025		650		667
Indianapolis, Local Public Improvement Bond Bank, Ser E, RB, AMBAC
0.000%, 02/01/2025 (B)		3,500		3,296
Rockport, Pollution Control Revenue Bonds, Indiana Michigan Power Company Project, Ser B, RB
3.050%, 06/01/2025		10,465		10,266
Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB
5.000%, 11/01/2047 (A)		4,865		4,934

				51,805

Kansas — 1.2%
Kansas State, Department of Transportation, Ser C, RB
4.119%, 09/01/2024 (A)		2,925		2,925
4.019%, 09/01/2023 (A)		7,550		7,557
Kansas State, Development Finance Authority, University of Kansas Project, Ser A, RB
5.000%, 05/01/2027		1,215		1,251
Reno County, Unified School District No. 308 Hutchinson, GO
3.000%, 09/01/2024		1,000		980

				12,713

Kentucky — 1.4%
Kentucky State, Asset Liability Commission, Ser A, RB
5.000%, 11/01/2024		2,470		2,525
Kentucky State, Housing Corporation, Cambridge Square Project, RB
0.300%, 08/01/2024 (A)		1,500		1,456
Kentucky State, Interlocal School Transportation Association, COP
4.000%, 03/01/2024		995		996
4.000%, 03/01/2028		1,255		1,267
Kentucky State, Public Energy Authority, Ser A, RB
4.000%, 12/01/2049 (A)		7,500		7,479

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Louisville & Jefferson County, Metropolitan Government & Health System, Norton Healtcare, Inc., RB
5.000%, 10/01/2047 (A)	$	1,000	$	1,003

				14,726

Louisiana — 2.2%
Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB
4.056%, 05/01/2043 (A)		1,970		1,923
Louisiana State, Local Government Environmental Facilities & Community Development Authority, East Baton Rouge Sewerage, Sub-Ser, RB
0.875%, 02/01/2046 (A)		2,000		1,892
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Louisiana Insurance Guaranty Association Project, RB
5.000%, 08/15/2026		1,325		1,391
5.000%, 08/15/2027		1,000		1,067
Louisiana State, Offshore Terminal Authority, Loop LLC Project, Ser 2007A, RB
1.650%, 09/01/2027 (A)		1,255		1,239
Louisiana State, Offshore Terminal Authority, Loop LLC Project, Ser 2013C, RB
1.650%, 09/01/2034 (A)		2,060		2,033
Louisiana State, Stadium & Exposition District, RB
4.000%, 07/03/2023		2,500		2,500
St. John the Baptist Parish, Marathon Oil Project, RB
2.125%, 06/01/2037 (A)		8,000		7,826
2.100%, 06/01/2037 (A)		3,000		2,934

				22,805

Maryland — 2.3%
Maryland State, Community Development Administration, Rosemont LP, Ser I, RB
4.375%, 01/01/2025 (C)		6,325		6,265
Maryland State, Community Development Administration, South Street Senior, LLC, Ser D, RB
3.150%, 07/01/2024		2,000		1,951
Maryland State, Community Development Administration, Woodside Gardens, Ser A, RB
1.330%, 01/01/2024 (C)		4,000		3,904


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical, RB
5.000%, 07/01/2045 (A)	$	6,250	$	6,373
Maryland State, Ser A-BID, GO
5.000%, 08/01/2025		3,000		3,120
5.000%, 08/01/2026		1,235		1,311

				22,924

Massachusetts — 2.3%
Boston, Housing Authority, Ser B, RB
5.000%, 10/01/2023		350		352
5.000%, 04/01/2025		400		412
Massachusetts State, Development Finance Agency, Brandeis University, Ser S, RB
5.000%, 10/01/2023		2,400		2,411
Massachusetts State, Development Finance Agency, Partners Health Care System, RB
5.000%, 07/01/2027		2,200		2,283
4.160%, 07/01/2049 (A)(C)		6,250		6,178
Massachusetts State, Development Finance Agency, Salem Heights II Preservation Accociates, Ser B, RB
0.250%, 07/01/2024 (A)		1,000		995
Massachusetts State, Development Finance Agency, Springfield College, RB
5.000%, 06/01/2024		1,015		1,020
Massachusetts State, Development Finance Agency, Waste Management Project, AMT, RB
1.250%, 05/01/2027 (C)		2,500		2,232
Massachusetts State, Development Finance Agency, Wellforce, Ser A, RB
5.000%, 07/01/2023		725		726
Massachusetts State, Development Finance Agency, Wellforce, Ser C, RB, AGM
5.000%, 10/01/2027		435		460
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2024		575		580
5.000%, 07/01/2025		850		867
5.000%, 07/01/2026		1,000		1,032
Massachusetts State, Health & Educational Facilities Authority, Partners Health Care System, Ser G, RB, AGM
4.000%, 07/01/2042 (A)		1,325		1,325
Massachusetts State, Housing Finance Agency, Sustainability Bonds, Ser A, RB, FHA
0.450%, 12/01/2024		1,000		951

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Ser B, GO
5.000%, 07/01/2023	$	1,270	$	1,272

				23,096

Michigan — 2.1%
Dearborn, School District, GO, BAM
3.000%, 05/01/2024		970		962
Detroit, Downtown, Development Authority, Catalyst Development Project, Ser A, TA, AGM
5.000%, 07/01/2023		585		586
Michigan State, Hospital Finance Authority, Ascension Health Care Project, RB
4.000%, 11/15/2047 (A)		3,825		3,825
Michigan State, Hospital Finance Authority, Trinity Health Credit Group, Ser C-, RB
5.000%, 12/01/2025		1,050		1,090
Michigan State, Housing Development Authority, Clark Road Senior Apartments Project, RB
4.500%, 12/01/2042 (A)		5,500		5,580
Michigan State, Housing Development Authority, Rental Housing, Ser A, RB
3.300%, 04/01/2026		6,135		6,059
Saline, Area Schools, Ser III, GO, Q-SBLF
5.000%, 05/01/2024		1,050		1,066
Wayne County, Airport Authority, Ser F, AMT, RB
5.000%, 12/01/2027		1,915		1,956

				21,124

Minnesota — 1.3%
Central Minnesota, Municipal Power Agency, Southern Twin Cities Transmission Project, RB, AGM
5.000%, 01/01/2024		285		287
Maple Grove, Health Care Facilities Revenue Refunding, Maple Grove Hospital, RB
5.000%, 05/01/2024		1,200		1,211
Minneapolis, Allina Health System, Ser A, RB
5.000%, 11/15/2052 (A)		2,000		2,148
Minneapolis, Fairview Health Services, Ser A, RB
5.000%, 11/15/2026		1,310		1,338
Minnesota State, Higher Education Facilities Authority, Ser A, RB
5.000%, 10/01/2025		335		346


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Minnesota State, Housing Finance Agency, Ser C, AMT, RB, GNMA/FNMA/FHLMC
1.200%, 01/01/2027	$	570	$	519
1.050%, 07/01/2026		1,145		1,050
0.950%, 01/01/2026		1,140		1,057
0.875%, 07/01/2025		1,130		1,061
0.800%, 01/01/2025		565		537
Minnesota State, Municipal Gas Agency, Ser A, RB
4.000%, 12/01/2024		1,500		1,501
Roseville, Independent School District No. 623, Ser A, COP
5.000%, 04/01/2026		500		511
Southern Minnesota, Municipal Power Agency, Ser A, RB, NATL
0.000%, 01/01/2025 (B)		1,410		1,328

				12,894

Mississippi — 0.5%
Mississippi State, Business Finance, Gulf Opportunity Zone Industrial Development, Ser K, RB
2.950%, 11/01/2035 (A)		300		300
Mississippi State, Development Bank, Jasckson Sales Tax Revenue Infrastructure Project, RB
5.000%, 09/01/2023		855		856
Warren County, Environmental Improvement Revenue, International Paper Co. Project, AMT, RB
1.600%, 08/01/2027 (A)		2,000		1,907
Warren County, Gulf Opportunity Zone Revenue, International Paper Co. Project, RB
1.375%, 08/01/2027 (A)		2,500		2,372

				5,435

Missouri — 1.7%
Barry County, Law Enforcement Center Project, COP
5.000%, 10/01/2027		580		607
Centeral Southwest Missouri, Ozarks Technical Community College, COP
5.000%, 03/01/2024		215		217
Jackson County, RB
5.000%, 12/01/2027		1,110		1,187
Missouri State, Environmental Improvement & Energy Resources Authority, Kansas City Power & Light Company Project, Ser R, AMT, RB
3.500%, 05/01/2038 (A)		9,650		9,481

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Missouri State, Health & Educational Facilities Authority, Saint Lukes Health System, RB
5.000%, 11/15/2026	$	545	$	570
Missouri State, Public Utilities Commission, RB
0.750%, 08/01/2023		5,000		4,965

				17,027

Nebraska — 0.9%
Gretna, COP
5.000%, 12/15/2025		2,000		2,048
Gretna, GO
5.000%, 12/15/2025		2,505		2,564
Nebraska State, Public Power District, Ser A, RB
0.600%, 01/01/2051 (A)		4,200		4,193

				8,805

New Jersey — 6.3%
Gloucester County, Improvement Authority, Rowan University Student Center Project, RB
0.600%, 03/01/2024		500		483
Hopewell, GO
4.000%, 09/27/2023		8,505		8,524
New Jersey State, COVID-19 Emergency Bonds, GO
4.000%, 06/01/2023		1,000		1,000
New Jersey State, Economic Development Authority, American Water Company, AMT, RB
1.150%, 06/01/2023		1,000		1,000
New Jersey State, Economic Development Authority, American Water Company, RB
1.000%, 06/01/2023		1,300		1,300
New Jersey State, Economic Development Authority, Municipal Rehabilitation, Ser S, RB
5.250%, 04/01/2026 (A)		3,500		3,657
5.250%, 04/01/2027 (A)		3,320		3,526
New Jersey State, Economic Development Authority, Portal North Bridge Project, RB
5.000%, 11/01/2023		760		764
New Jersey State, Economic Development Authority, School Facilities Construction Project, RB
5.000%, 03/01/2024		1,500		1,512
4.810%, 09/01/2025 (A)		1,050		1,048


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Economic Development Authority, School Facilities Construction Project, Ser GGG, RB
5.250%, 09/01/2023 (C)	$	3,500	$	3,512
New Jersey State, Economic Development Authority, Transit Corporation Project, Ser B, RB
5.000%, 11/01/2024		14,780		15,025
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2025		2,850		2,917
New Jersey State, Housing & Mortgage Finance Agency, New Brunswick Apartments, Ser C2, RB, FHA
3.125%, 02/01/2025 (A)		5,620		5,514
New Jersey State, Transportation Trust Fund Authority, RB
5.000%, 12/15/2024		3,000		3,055
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
5.000%, 06/15/2025		2,000		2,002
New Jersey State, Transportation Trust Fund Authority, Ser C, RB, AGM
0.000%, 12/15/2029 (B)		755		599
New Jersey State, Transportation Trust Fund Authority, Ser D, RB
5.250%, 12/15/2023		400		403
5.000%, 12/15/2023		680		684
New Jersey State, Turnpike Authority, Ser D1, RB
4.319%, 01/01/2024 (A)		1,550		1,549
Newark, Board of Education, GO
5.000%, 07/15/2024		600		609
Newark, Ser A, GO, AGM
5.000%, 10/01/2024		1,500		1,532
Newark, Ser B, GO, AGM
5.000%, 10/01/2024		1,060		1,083
Newark, Ser D, GO
4.000%, 09/29/2023		1,500		1,499
Passaic, Ser A, GO
5.000%, 08/01/2024		695		706
5.000%, 08/01/2025		700		723

				64,226

New Mexico — 0.2%
Farmington, Pollution Control Revenue Bonds, San Juan Project, RB
3.900%, 06/01/2040 (A)		1,000		998

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Santa Fe, Public School District, GO
4.000%, 08/01/2024	$	600	$	604

				1,602

New York — 10.1%
Amherst, Industrial Development Agency, RB, FHA/GNMA
3.900%, 04/01/2026 (A)		3,535		3,527
Greater Southern Tier, Board of Cooperative Educational Services District, RB
4.000%, 06/30/2023		10,655		10,643
Kenmore-Tonawanda, Union Free School District, GO
4.000%, 06/28/2023		3,855		3,856
Long Island, Power Authority, RB
4.369%, 05/01/2033 (A)		250		250
Long Island, Power Authority, Ser A, RB
5.000%, 09/01/2024		1,245		1,272
Long Island, Power Authority, Ser B, RB
1.650%, 09/01/2049 (A)		2,945		2,856
0.850%, 09/01/2050 (A)		2,000		1,865
Long Island, Power Authority, Ser C-REMK, RB
4.369%, 05/01/2033 (A)		480		480
Metropolitan New York, Transportation Authority, Ser A2, RB
5.000%, 11/15/2027		1,500		1,557
Metropolitan New York, Transportation Authority, Ser D, RB
3.734%, 11/01/2035 (A)		2,700		2,676
Metropolitan New York, Transportation Authority, Sub-Ser C-1, RB
5.000%, 11/15/2027		1,290		1,326
Metropolitan New York, Transportation Authority, Sub-Ser, RB, AGM
3.954%, 11/01/2032 (A)		1,000		995
Monroe County, Industrial Development, Rochester Regional Health Project, RB
5.000%, 12/01/2023		400		402
5.000%, 12/01/2024		550		557
New York & New Jersey, Port Authority, Ser 226, AMT, RB
5.000%, 10/15/2025		2,000		2,054
New York City, Health & Hospitals, Ser A, RB
5.000%, 02/15/2024		740		748
New York City, Housing Development Authority, RB
1.100%, 11/01/2059 (A)		12,500		12,133
New York City, Housing Development Authority, RB, FHA
3.400%, 11/01/2062 (A)		5,000		4,899
0.600%, 05/01/2061 (A)		3,000		2,758


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Industrial Development Agency, Sustainability Bonds, Queens Baseball Stadium Project, RB, AGM
5.000%, 01/01/2024	$	750	$	755
New York City, Ser C, GO, AGC
4.100%, 10/01/2027 (A)		2,275		2,275
New York City, Sub-Ser A-4, GO, AGM
4.130%, 08/01/2026 (A)		1,450		1,450
New York City, Sub-Ser, GO
3.760%, 10/01/2046 (A)		1,475		1,475
New York State, Dormitory Authority, RB
5.000%, 10/01/2024		4,645		4,748
New York State, Housing Finance Agency, Sustainability Bonds, RB, FHA
3.450%, 05/01/2062 (A)		1,000		983
New York State, Housing Finance Agency, Sustainability Bonds, Ser E, RB
0.950%, 05/01/2025		2,110		1,967
0.850%, 11/01/2024		2,255		2,147
New York State, Housing Finance Agency, Sustainability Bonds, Ser J, RB, FHA
0.750%, 05/01/2025		3,500		3,245
New York State, Housing Finance Agency, Sustainability Bonds, Ser P, RB
1.600%, 11/01/2024		4,645		4,485
New York State, Transportation Development, Terminal 4 JFK International Airport, AMT, RB
5.000%, 12/01/2023		1,215		1,219
5.000%, 12/01/2026		1,000		1,031
New York State, Transportation Development, Terminal 4 JFK International Airport, RB
5.000%, 12/01/2023		1,800		1,809
5.000%, 12/01/2024		900		914
5.000%, 12/01/2025		800		823
5.000%, 12/01/2026		1,000		1,045
Niagara, Frontier Transportation Authority, AMT, RB
5.000%, 04/01/2028		1,045		1,096
Onondaga County, Industrial Development Agency, Baldwinsville Senior Housing Preservation Project, Ser Senior HSG, RB, FHA
4.000%, 12/01/2024 (A)		5,950		5,943
South Huntington, Union Free School District, GO
4.000%, 06/28/2023		2,345		2,345
Triborough, Bridge & Tunnel Authority, Sub-Ser, RB
5.000%, 05/15/2050 (A)		3,000		3,124

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Westhill, Central School District, GO
4.000%, 06/28/2023	$	1,000	$	1,000
Yonkers, Ser A, GO
5.000%, 09/01/2023		1,000		1,003
Yonkers, Ser A, GO, BAM
5.000%, 09/01/2024		565		576
5.000%, 09/01/2025		750		778
Yonkers, Ser B, GO, BAM
5.000%, 10/15/2023		690		693
5.000%, 10/15/2024		500		511
5.000%, 10/15/2025		500		520

				102,814

North Carolina — 2.2%
Charlotte-Mecklenburg, Hospital Authority, Ser C-REM, RB
3.450%, 01/15/2048 (A)		1,000		994
Charlotte-Mecklenburg, Hospital Authority, Ser E, RB
0.800%, 01/15/2048 (A)		1,000		930
Columbus County, Industrial Facilities & Pollution Control Financing Authority, International Paper Co. Project, RB
1.375%, 05/01/2034 (A)		1,000		949
North Carolina State, Housing Finance Agency, Ser 47, RB, GNMA/FNMA/FHLMC
0.250%, 01/01/2024		1,930		1,889
North Carolina State, Turnpike Authority, RB
5.000%, 02/01/2024 (D)		17,000		17,179

				21,941

North Dakota — 0.3%
Cass County, Joint Water Resource District, Ser A, GO
0.480%, 05/01/2024		1,000		956
Larimore, GO
0.850%, 05/01/2024		1,700		1,633

				2,589

Ohio — 3.2%
Allen County, Hospital Facilities Revenue, RB
5.000%, 10/01/2049 (A)		3,500		3,692
American Municipal Power, Combined Hydroelectric Project, RB
1.000%, 02/15/2048 (A)		1,465		1,411
American Municipal Power, Prairie State Energy Campus, RB
5.000%, 02/15/2024		1,595		1,611
American Municipal Power, Village of Grafton Project, RB
4.625%, 04/12/2024		800		803


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
American Municipal Power, Wapakoneta Project, RB
3.500%, 06/22/2023	$	1,000	$	1,000
Cleveland, Airport System Revenue, Ser A, AMT, RB
5.000%, 01/01/2025		910		924
Cuyahoga, Metropolitan Housing Authority, Carver Park Phase III Project, RB, FHA
4.000%, 06/01/2026 (A)		6,500		6,488
Dayton, School District, COP
3.000%, 12/01/2025		170		167
Lancaster, Port Authority, Ser A, RB
5.000%, 08/01/2049 (A)		3,700		3,762
Montgomery County, Premier Health Partners, RB
5.000%, 11/15/2024		1,000		1,012
Newark, GO
4.000%, 09/26/2023		1,000		1,000
Ohio State, Air Quality Development Authority, American Electric Company, AMT, RB
2.100%, 12/01/2027 (A)		3,000		2,888
Ohio State, Air Quality Development Authority, Duke Energy, AMT, RB
4.250%, 11/01/2039 (A)		1,500		1,481
Ohio State, Housing Finance Agency, Post Oak Station, RB, FHA
3.350%, 07/01/2025 (A)		2,865		2,822
Ohio State, Solid Waste Revenue Authority, Republic Services Project, RB
3.800%, 11/01/2035 (A)		1,000		1,000
Ohio State, University Hospital Project, RB
5.000%, 01/15/2024		200		202
Ohio State, University Hospital Project, Ser D, RB
5.000%, 01/15/2039 (A)		1,775		1,780
Sandusky, Ohio Justice Center Construction, GO
5.000%, 09/07/2023		1,000		1,001

				33,044

Oklahoma — 0.2%
Osage County, Industrial Authority, RB
2.000%, 09/01/2023		2,000		1,985


Oregon — 1.2%
Deschutes & Jefferson Counties, School District No. 2J Redmond, GO
0.000%, 06/15/2024 (B)		500		482
0.000%, 06/15/2025 (B)		460		428

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Lane County, School District No. 1 Pleasant Hill, Ser B-CABS, GO
0.000%, 06/15/2027 (B)	$	350	$	301
Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO
0.000%, 06/15/2025 (B)		1,685		1,570
0.000%, 06/15/2026 (B)		1,825		1,644
Multnomah County, School District No. 40, Ser A, GO
0.000%, 06/15/2026 (B)		250		224
0.000%, 06/15/2028 (B)		395		332
Oregon State, Business Development Commission, Intel Corp. Project, Ser 232-RE, RB
2.400%, 12/01/2040 (A)		4,000		3,985
Port of Morrow, Ser A, GO
4.000%, 06/01/2023		300		300
Port of Portland, Airport Revenue, RB
5.000%, 07/01/2023		275		275
Salem Hospital, Facility Authority, RB
5.000%, 05/15/2025		130		130
Washington Multnomah & Yamhill Counties, Hillsboro School District No. 1J, GO
5.000%, 06/15/2026		2,000		2,112

				11,783

Pennsylvania — 4.9%
Allegheny County, Hospital Development Authority, University of Pittsburgh Medical Center, Ser D2-B-REMK, RB
3.980%, 11/15/2024 (A)		1,000		994
Allegheny County, Hospital Development Authority, University of Pittsburgh Medical Center, Ser Senior D2-E-REMK, RB
4.260%, 11/15/2047 (A)		3,000		2,928
Bethlehem, School District Authority, RB
3.754%, 07/01/2031 (A)		965		940
Lackawanna County, Industrial Development Authority, Scranton University, RB
5.000%, 11/01/2024		250		254
Lehigh County, General Purpose Authority, Lehigh Valley Academy, RB
4.000%, 06/01/2024		600		598
Lehigh County, Industrial Development Authority, PPL Electric Utilities, RB
2.625%, 02/15/2027		1,000		950
Monroeville, Finance Authority, University of Pittsburgh Medical Center, Ser C, RB
5.000%, 05/15/2028		570		616


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Hampshire State, Health & Education Facilities Authority Act, Elliot Hospital, RB
4.500%, 11/01/2035 (A)	$	1,000	$	990
Parkland, School District, Ser A, GO
4.000%, 02/01/2025		100		101
Pennsbury, School District, GO
4.000%, 08/01/2024		1,260		1,269
Pennsylvania State, Economic Development Financing Authority, PPL Electric Utilities, RB
0.400%, 10/01/2023		1,700		1,673
Pennsylvania State, Economic Development Financing Authority, Waste Management Project, AMT, RB
3.960%, 06/01/2041 (A)		500		490
1.750%, 08/01/2038 (A)		7,250		7,062
Pennsylvania State, GO
5.000%, 10/01/2024		2,400		2,455
5.000%, 01/01/2028		1,500		1,602
Pennsylvania State, Higher Educational Facilities Authority, Abington Memorial Hospital Obligation Group, Ser A, RB
5.000%, 06/15/2023		6,140		6,143
Pennsylvania State, Housing Finance Agency, RB, FHA
1.500%, 07/01/2024 (A)		4,000		3,992
1.250%, 02/01/2025 (A)		4,000		3,917
Pennsylvania State, Housing Finance Agency, Ser 120, RB
2.350%, 04/01/2027		1,295		1,224
Pennsylvania State, Turnpike Commission, Ser A, RB
4.160%, 12/01/2023 (A)		750		750
4.000%, 12/01/2024		1,570		1,584
4.000%, 12/01/2025		820		833
Pennsylvania State, Turnpike Commission, Ser A, RB, AGM
5.250%, 07/15/2025		1,000		1,044
Pennsylvania State, Turnpike Commission, Ser A-2, RB
5.000%, 12/01/2024		35		36
Philadelphia, School District, Ser 2020, GO
5.000%, 09/01/2023		3,000		3,008
Pittsburgh, Water & Sewer Authority, Ser C, RB, AGM
4.210%, 09/01/2040 (A)		2,000		2,000
University of Pittsburgh, Commonwealth System of Higher Education, RB
3.920%, 02/15/2024 (A)		1,700		1,700

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wilkes-Barre, Finance Authority, University of Scranton, Ser A, RB
5.000%, 11/01/2024	$	475	$	483

				49,636

Puerto Rico — 0.0%
Puerto Rico, Industrial Tourist Educational Medical & Enviromental Control Facilities Financing Authority, RB
5.000%, 07/01/2024		140		141


South Carolina — 0.1%
South Carolina, Ports Authority, AMT, RB
5.000%, 07/01/2024		525		531
5.000%, 07/01/2027		400		419

				950

Tennessee — 0.5%
Greeneville, Health & Educational Facilities Board, Ballad Health Obligation Group, RB
5.000%, 07/01/2024		1,000		1,001
Johnson City, Health & Educational Facilities Board, Ballad Health, Ser A, RB
5.000%, 07/01/2024		500		506
5.000%, 07/01/2027		400		421
5.000%, 07/01/2028		400		427
Knox County, Health Educational & Housing Facility Board, Westview Towers Project, RB, FHA
3.950%, 12/01/2027 (A)		500		496
Tennergy, Gas Revenue, Ser A, RB
5.500%, 12/01/2027		750		781
5.250%, 12/01/2026		700		718
4.000%, 09/01/2024		500		500

				4,850

Texas — 10.1%
Alvin, Independent School District, Ser B, GO, PSF-GTD
0.450%, 02/15/2036 (A)		2,000		1,984
Arlington, Higher Education Finance, Trinity Basein Preparatory, RB, PSF-GTD
5.000%, 08/15/2026		320		337
Arlington, Housing Finance, RB
4.500%, 04/01/2041 (A)		5,000		5,077
3.500%, 11/01/2043 (A)		11,000		10,904
Beaumont, GO
5.000%, 03/01/2024		265		268
Cameron County, Housing Finance, RB
3.500%, 12/01/2024 (A)		1,000		996


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Central Texas, Regional Mobility Authority, Ser F, RB
5.000%, 01/01/2025	$	1,500	$	1,518
Clear Creek, Independent School District, GO, PSF-GTD
0.280%, 02/15/2038 (A)		1,000		949
Clifton, Higher Education Finance, Ser A, RB
5.000%, 08/15/2024		350		354
Coastal Bend, Health Facilities, Ser B, RB, AGM
4.240%, 07/01/2031 (A)		2,125		2,125
Cypress-Fairbanks, Independent School District, Ser B, GO, PSF-GTD
0.280%, 02/15/2040 (A)		1,365		1,304
Dallas, Hotel Occupancy Tax Revenue, RB
5.000%, 08/15/2024		505		513
Dallas-Fort Worth, International Airport Revenue, RB
5.000%, 11/01/2024		1,500		1,533
Dallas-Fort Worth, International Airport Revenue, Ser A, RB
5.000%, 11/01/2024		1,000		1,022
Denton, Independent School District, GO, PSF-GTD
Pre-Refunded @ 100
2.000%, 08/01/2023 (A)(E)		1,985		1,980
Fort Bend, Independent School District, Ser B, GO, PSF-GTD
0.875%, 08/01/2050 (A)		780		732
0.720%, 08/01/2051 (A)		860		778
Galveston, Public Facility, The Oleanders at Broadway, RB, FHA
0.470%, 08/01/2025 (A)		1,500		1,432
Georgetown, Independent School District, Ser B-REMK, GO, PSF-GTD
2.500%, 08/01/2044 (A)		740		738
Georgetown, Independent School District, Ser B-REMK, GO, PSF-GTD
Pre-Refunded @ 100
2.500%, 08/01/2023 (A)(E)		540		539
Greater Texoma, Utility Authority, RB, AGM
4.000%, 10/01/2027		385		397
4.000%, 10/01/2028		525		546
Hale Center, Education Facilities, Wayland Baptist University Project, RB
5.000%, 03/01/2024		850		855
5.000%, 03/01/2025		450		455
Harlandale, Independent School District, GO, BAM
2.000%, 08/15/2040 (A)		3,135		3,090

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Harris County, Cultural Education Facilities Finance, Memorial Hermann Health System, RB
5.000%, 06/01/2032 (A)	$	1,625	$	1,654
Harris County, Cultural Education Facilities Finance, Texas Medical Center, Ser A, RB
0.900%, 05/15/2050 (A)		1,000		935
Harris County, Health Facilities Development, Christus Health Project, Ser A, RB, AGM
4.330%, 07/01/2031 (A)		1,400		1,400
3.980%, 07/01/2031 (A)		1,400		1,400
Housing Synergy PFC, Multifamily Housing, Villages of Westlake Apartments, RB, FHA
3.500%, 08/01/2025 (A)		1,753		1,739
Houston, East Downtown, Redevelopment Authority, TA
5.000%, 09/01/2023		390		391
5.000%, 09/01/2025		295		300
Houston, Independent School District, GO, PSF-GTD
3.500%, 06/01/2039 (A)		9,590		9,527
Katy, Independent School District, GO, PSF-GTD
1.500%, 08/15/2050 (A)		1,000		974
Kilgore, Independent School District, GO, PSF-GTD
2.000%, 02/15/2052 (A)		2,190		2,110
Midland County, Public Facility, RB
0.350%, 06/01/2024 (A)		1,000		1,000
Midlothian, Independent School District, Ser C, GO, PSF-GTD
2.000%, 08/01/2051 (A)		2,000		1,953
New Caney, Independent School District, GO, PSF-GTD
1.250%, 02/15/2050 (A)		1,305		1,263
North Hays County, Municipal Utility District No. 1, GO, BAM
3.000%, 08/15/2023		315		314
3.000%, 08/15/2024		325		323
3.000%, 08/15/2025		335		330
Odessa, Junior College District, RB, AGM
4.000%, 07/01/2024		325		327
Port Arthur, Port Authority, RB, BAM
5.000%, 02/15/2026		200		209
Prosper, Independent School District, GO, PSF-GTD
3.000%, 02/15/2053 (A)		3,045		3,007


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
San Antonio, Electric & Gas Systems Revenue, RB
4.430%, 02/01/2048 (A)	$	2,500	$	2,500
3.650%, 02/01/2053 (A)		1,000		1,003
San Antonio, Electric & Gas Systems Revenue, Ser A, RB
1.750%, 02/01/2033 (A)		8,705		8,438
San Antonio, Housing Trust Finance, Echo East Apartments, Ser A, RB, FNMA
0.500%, 05/01/2024		1,190		1,158
San Antonio, Water System, Ser 2013F-REMK, RB
1.000%, 05/01/2043 (A)		1,120		998
San Antonio, Water System, Ser B-REM, RB
4.210%, 05/01/2044 (A)		6,850		6,837
San Antonio, Water System, Ser Junior A, RB
2.625%, 05/01/2049 (A)		1,900		1,877
Tarrant County, Cultural Education Facilities Finance, Baylor Scott & White Health Project, RB
5.000%, 11/15/2052 (A)		1,000		1,038
Tarrant County, Cultural Education Facilities Finance, Buckner Retirement Services Project, RB
5.000%, 11/15/2025		1,370		1,372
Texas State, Department of Housing & Community Affairs, RB
0.700%, 08/01/2040 (A)		1,830		1,822
Texas State, Municipal Gas Acquisition & Supply I, Ser Senior B, RB
3.960%, 12/15/2026 (A)		1,260		1,248
Texas State, Municipal Gas Acquisition & Supply II, Ser C, RB
3.902%, 09/15/2027 (A)		3,060		3,029
Texas State, Municipal Gas Acquisition & Supply III, RB
5.000%, 12/15/2023		500		502
Texas State, Municipal Power Agency, RB, AGM
3.000%, 09/01/2023		750		748
Williamson County, Municipal Utility District No. 19a, Ser A, GO, BAM
4.500%, 08/15/2023		235		236
4.500%, 08/15/2024		245		248
4.500%, 08/15/2025		250		256

				102,892

Utah — 0.1%
Ogden, School District, GO
5.000%, 06/15/2026		1,250		1,324

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Virginia — 1.7%
Chesapeake Bay, Bridge & Tunnel District, RB, BAN
5.000%, 11/01/2023	$	3,500	$	3,515
Halifax County, Industrial Development Authority, Virginia Electric & Power Project, RB
1.650%, 12/01/2041 (A)		2,000		1,939
Louisa, Industrial Development Authority, Virginia Electric & Power Project, RB
1.650%, 11/01/2035 (A)		5,500		5,332
Louisa, Industrial Development Authority, Virginia Electric & Power Project, Ser 2008A, RB
1.900%, 11/01/2035 (A)		6,050		6,050
Virginia State, Port Authority, Commonwealth Port Fund, AMT, RB
Pre-Refunded @ 100
5.000%, 07/01/2025 (E)		500		512

				17,348

Washington — 1.3%
Central Puget Sound, Regional Transit Authority, Motor Vehicle Sales & Use Tax, Ser 2015S, RB
3.760%, 11/01/2045 (A)		6,000		5,859
Central Puget Sound, Regional Transit Authority, Motor Vehicle Sales & Use Tax, Ser S, RB
4.010%, 11/01/2045 (A)		1,525		1,525
King County, School District No. 405 Bellevue, GO
5.000%, 12/01/2024		2,500		2,563
Port of Seattle, AMT, RB
5.000%, 08/01/2026		1,500		1,556
Seattle, Housing Authority, Northgate Plaza Project, RB
1.000%, 06/01/2026		1,000		909
Skagit County, Public Hospital District No. 1, RB
4.000%, 12/01/2026		1,000		991
Washington State, Higher Education Facilities Authority, Seattle University Project, RB
5.000%, 05/01/2024		160		162

				13,565

West Virginia — 1.2%
West Virginia, Economic Development Authority, Appalachian Power Amos Project, RB
2.550%, 03/01/2040 (A)		2,515		2,471


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
West Virginia, Economic Development Authority, RB
3.750%, 12/01/2042 (A)	$	10,000	$	9,919

				12,390

Wisconsin — 2.8%
Clayton Town, Winnebago County, Ser B, RB
2.000%, 06/01/2026		1,155		1,077
Milwaukee, Ser B3, GO
4.000%, 03/15/2028		1,115		1,122
Precision Metalforming Association, Levy & Aid Anticipation Notes Program, Ser B, RB
4.000%, 08/24/2023		500		500
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, Ser S, RB
5.000%, 08/15/2054 (A)		1,000		1,044
Wisconsin State, Housing & Economic Development Authority, Ser A, RB
0.700%, 09/01/2025		1,245		1,162
0.650%, 03/01/2025		1,700		1,608
Wisconsin State, Housing & Economic Development Authority, Ser B, RB, FHA
0.500%, 11/01/2050 (A)		600		564
Wisconsin State, Public Finance Authority, Duke Energy Progress Project, RB
3.300%, 10/01/2046 (A)		1,000		991
Wisconsin State, Public Finance Authority, Renown Regional Medical Center Project, RB
5.000%, 06/01/2024		1,120		1,130
Wisconsin State, Public Finance Authority, Waste Management Project, AMT, RB
1.100%, 07/01/2029 (A)		10,550		9,638
1.100%, 04/01/2033 (A)		3,000		2,740
Wisconsin State, Ser 1, GO
5.000%, 05/01/2024		6,500		6,601

				28,177


Total Municipal Bonds
(Cost $1,021,388) ($ Thousands)				997,714


Total Investments in Securities — 98.3%
(Cost $1,021,388) ($ Thousands)			$	997,714

	Percentages are based on Net Assets of $1,015,483 ($ Thousands).
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Short Duration Municipal Fund (Concluded)

(B)	Zero coupon security.
(C)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2023, the value of these securities amounted to $27,765 ($ Thousands), representing 2.7% of the Net Assets of the Fund.
(D)	Security is escrowed to maturity.
(E)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(F)	Securities are held in connection with a letter of credit issued by a major bank.

As of May 31, 2023, all of the Fund's investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

California Municipal Bond Fund


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 99.8%
California — 99.8%
ABAG, Finance Authority for Nonprofit, Windemere Ranch Infrastructure Project, Ser A, Special Tax, AGM
5.000%, 09/02/2024	$	1,390	$	1,419
5.000%, 09/02/2025		990		1,028
Anaheim, Housing & Public Improvements Authority, Electric Utility Generation System Improvements, Ser S, RB
5.000%, 10/01/2034		1,000		1,091
Anaheim, Redevelopment Agency Successor Agency, Ser A, TA
5.000%, 02/01/2027		2,000		2,136
5.000%, 02/01/2028		3,000		3,268
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		5,000		4,956
California State, Educational Facilities Authority, Chapman University Project, Ser A, RB
5.000%, 04/01/2029		400		444
5.000%, 04/01/2030		425		477
5.000%, 04/01/2031		470		534
California State, Educational Facilities Authority, Occidental College Project, RB
5.000%, 10/01/2025		400		416
California State, Educational Facilities Authority, Stanford University Project, Ser V-3, RB
5.000%, 06/01/2033		2,055		2,488
California State, Educational Facilities Authority, University of Redlands Project, Ser A, RB
5.000%, 10/01/2023 (B)		830		835
California State, GO
5.000%, 08/01/2027		3,000		3,189
5.000%, 08/01/2028		2,665		2,889
5.000%, 08/01/2031		5,000		5,421
5.000%, 11/01/2031		7,500		8,650
5.000%, 10/01/2035		5,000		5,898
California State, GO, AGM
5.250%, 08/01/2032		2,000		2,389
California State, Health Facilities Financing Authority, Children's Hospital of Orange County, RB
5.000%, 11/01/2027		1,500		1,630
California State, Health Facilities Financing Authority, City of Hope Project, RB
5.000%, 11/15/2027		1,200		1,224


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Health Facilities Financing Authority, City of Hope Project, Ser A, RB
5.000%, 11/15/2024	$	1,000	$	1,001
California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser 2006-C, RB
5.000%, 06/01/2041 (A)		4,000		4,465
California State, Health Facilities Financing Authority, St. Joseph Health System, RB
5.000%, 10/01/2039 (A)		1,500		1,581
California State, Health Facilities Financing Authority, Stanford Health Care, RB
3.000%, 08/15/2054 (A)		2,000		2,001
California State, Health Facilities Financing Authority, Stanford Health Care, Ser A, RB
5.000%, 11/15/2027		1,000		1,088
California State, Health Facilities Financing Authority, Sutter Health Project, Ser A, RB
5.000%, 11/15/2026		500		533
California State, Housing Finance Agency, Ser 2, RB
4.000%, 03/20/2033		945		913
California State, Housing Finance Agency, Ser A, RB
4.250%, 01/15/2035		1,415		1,404
California State, Infrastructure & Economic Development Bank, Academy Motion Picture Art, RB
5.000%, 11/01/2030		3,000		3,474
California State, Infrastructure & Economic Development Bank, Academy Motion Picture Art, Ser B, RB
5.000%, 11/01/2029		2,125		2,408
California State, Infrastructure & Economic Development Bank, National Charter School Revolving Loan Fund, Ser B, RB
5.000%, 11/01/2031		535		585
5.000%, 11/01/2032		850		933
California State, Infrastructure & Economic Development Bank, Walt Disney Family Museum, RB
5.000%, 02/01/2024		500		505
California State, Municipal Finance Authority, Biola University Project, RB
5.000%, 10/01/2024		1,110		1,120
California State, Municipal Finance Authority, Community Medical Centers, Ser A, RB
5.000%, 02/01/2025		1,000		1,017

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

California Municipal Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Municipal Finance Authority, Eisenhower Medical Center, Ser A, RB
5.000%, 07/01/2025	$	500	$	509
5.000%, 07/01/2027		1,170		1,222
California State, Municipal Finance Authority, Eisenhower Medical Center, Ser B, RB
5.000%, 07/01/2026		450		464
California State, Municipal Finance Authority, Humangood Obligation Group, Ser A, RB
4.000%, 10/01/2029		1,260		1,260
California State, Municipal Finance Authority, Linxs APM Project, AMT, RB
5.000%, 12/31/2028		1,000		1,054
5.000%, 06/30/2029		1,300		1,371
5.000%, 12/31/2029		1,000		1,055
California State, Municipal Finance Authority, Orange County Civic Center Infrastructure Project, RB
5.000%, 06/01/2025		500		517
5.000%, 06/01/2026		310		326
California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM
5.000%, 05/15/2029		700		755
5.000%, 05/15/2030		900		979
California State, Municipal Finance Authority, UCR North District, Phase 1 Student Project, RB, BAM
5.000%, 05/15/2026		500		518
California State, Municipal Finance Authority, Waste Management Project, Ser A, RB
1.300%, 02/01/2039 (A)(C)		2,000		1,926
California State, Pollution Control Financing Authority, Waste Management Project, AMT, RB
2.500%, 11/01/2038 (A)		1,125		1,114
California State, Public Works Board, Various Capital Projects, RB
5.000%, 12/01/2035		2,000		2,330
California State, Public Works Board, Various Capital Projects, Ser B, RB
5.000%, 10/01/2028		2,005		2,179
California State, School Finance Authority, Aspire Public Schools, RB
5.000%, 08/01/2023 (C)		760		761
5.000%, 08/01/2023 (B)(C)		65		65


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Statewide Communities Development Authority, Henry Mayo Newhall Memorial Project, Ser A, RB, AGM
5.000%, 10/01/2023	$	500	$	502
California State, Statewide Communities Development Authority, Kaiser Permanente Project, Ser 2004-M, RB
5.000%, 04/01/2038 (A)		4,000		4,465
California State, Statewide Communities Development Authority, Student Housing, University of California, Irvine Campus Apartments, RB, BAM
4.000%, 05/15/2046		1,000		943
California State, Tobacco Securitization Agency, RB
5.000%, 06/01/2023		1,200		1,200
California State, University Systemwide, Ser B-2-REMK, GO
0.550%, 11/01/2049 (A)		3,000		2,643
California State, Various Purpose, GO
5.000%, 11/01/2026		5,000		5,333
5.000%, 03/01/2029		1,300		1,456
5.000%, 10/01/2030		1,230		1,390
California State, Various Purpose, Group B, GO
5.000%, 09/01/2026		2,000		2,126
Carlsbad, Unified School District, Ser B, GO
6.000%, 05/01/2034		2,750		2,814
Chabot-Las Positas, Community College District, Ser B, GO
3.000%, 08/01/2030		1,250		1,239
El Dorado, Irrigation District, Ser B, COP
5.000%, 03/01/2025		1,000		1,030
FHLMC Multifamily Certificates, Relating to Municipal Securities, Ser M-049, RB
3.050%, 04/15/2034		1,360		1,217
Fresno, Joint Powers Financing Authority, Master Lease Project, Ser A, RB, AGM
5.000%, 04/01/2025		1,500		1,550
Golden State, Tobacco Securitization Project, Ser A1, RB
5.000%, 06/01/2025 (B)		3,365		3,496
5.000%, 06/01/2026 (B)		1,500		1,593
5.000%, 06/01/2027 (B)		5,000		5,428
Hesperia Community, Redevelopment Agency Successor Agency, Ser A, COP, AGM
5.000%, 09/01/2029		2,275		2,501
Imperial, Irrigation District Electric System Revenue Authority, Ser B2, RB
5.000%, 11/01/2024		730		747

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

California Municipal Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
5.000%, 11/01/2025	$	1,000	$	1,044
Inglewood, Redevelopment Agency Successor Agency, Merged Redevelopment Project, Sub-Ser, TA, BAM
5.000%, 05/01/2025		1,000		1,027
5.000%, 05/01/2026		500		523
Lancaster, Redevelopment Agency Successor Agency, Combined Redevelopment Project Areas, TA, AGM
5.000%, 08/01/2024		435		442
5.000%, 08/01/2025		570		591
Lodi, Public Financing Authority, RB, AGM
5.000%, 09/01/2026		1,000		1,056
Long Beach, Bond Finance Authority, RB
5.000%, 08/01/2034		760		914
5.000%, 08/01/2035		500		594
Long Beach, Harbor Revenue, Ser A, AMT, RB
5.000%, 05/15/2026		1,100		1,144
5.000%, 05/15/2027		2,000		2,115
Long Beach, Harbor Revenue, Ser C, AMT, RB
5.000%, 05/15/2026		2,370		2,432
Los Angeles County, Metropolitan Transportation Authority, RB
5.000%, 06/01/2030		545		628
5.000%, 07/01/2035		1,000		1,199
Los Angeles, Department of Airports, Los Angeles International Airport Project, Ser G, AMT, RB
5.000%, 05/15/2034		1,500		1,657
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser A, AMT, RB
5.000%, 05/15/2032		2,680		2,975
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser D, AMT, RB
5.000%, 05/15/2026		1,000		1,040
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB
5.000%, 05/15/2027		7,990		8,387
5.000%, 05/15/2028		1,000		1,066
5.000%, 05/15/2029		3,000		3,229
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, RB
5.000%, 05/15/2036		250		294


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Los Angeles, Department of Water & Power, Water System Revenue, Ser D, RB
5.000%, 07/01/2033	$	385	$	457
5.000%, 07/01/2034		545		646
5.000%, 07/01/2035		1,210		1,418
Los Angeles, Harbor Department, Ser A, RB
5.000%, 08/01/2025		1,000		1,041
Los Angeles, Unified School District, Ser A, GO
5.000%, 07/01/2025		1,000		1,041
5.000%, 07/01/2026		1,000		1,065
5.000%, 07/01/2029		3,940		4,461
5.000%, 07/01/2031		5,000		5,795
Los Angeles, Unified School District, Ser B1, GO
5.000%, 07/01/2029		1,000		1,100
Modesto, Irrigation District, Ser A, RB
5.000%, 10/01/2034		700		837
5.000%, 10/01/2035		900		1,067
Northern California, Energy Authority, Ser A, RB
4.000%, 07/01/2049 (A)		3,000		3,012
Northern California, Tobacco Securitization Authority, RB
4.000%, 06/01/2049		1,205		1,167
Palm Springs, Airport Revenue, Palm Springs International Airport Project, AMT, RB, BAM
5.000%, 06/01/2028		1,100		1,122
Pittsburg, Redevelopment Agency Successor Agency, Ser A, TA, AGM
5.000%, 09/01/2023		3,000		3,009
Redlands, Unified School District, San Bernadino County, GO
5.000%, 07/01/2028		1,000		1,087
Riverside County, Redevelopment Successor Agency, Jurupa Valley Redevelopment Project, TA
5.000%, 10/01/2025		560		581
5.000%, 10/01/2026		500		529
Riverside, Unified School District, Ser B, GO
4.000%, 08/01/2028		1,000		1,043
Roseville, Finance Authority, Ser A, Special Tax
5.000%, 09/01/2025		1,000		1,039
Sacramento, Area Flood Control Agency, Consolidated Capital Assessment District No. 2 Bonds, Ser A, SAB
5.000%, 10/01/2026		850		905
Sacramento, Municipal Utility District, Ser I, RB
5.000%, 08/15/2028		1,000		1,114

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

California Municipal Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Sacramento, Redevelopment Agency Successor Agency, Ser A, TA, BAM
5.000%, 12/01/2024	$	1,000	$	1,023
San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB
5.000%, 07/01/2025		500		511
5.000%, 07/01/2026		400		414
5.000%, 07/01/2027		500		524
5.000%, 07/01/2028		1,000		1,046
5.000%, 07/01/2031		5,000		5,476
San Diego County, Sanford Burnham Presbyterian Medical Discovery Institute, RB
5.000%, 11/01/2024		1,200		1,227
San Diego, Association of Governments South Bay Expressway Revenue, Ser A, RB
5.000%, 07/01/2028		1,000		1,079
San Diego, Public Facilities Financing Authority, Capital Improvement Projects, RB
5.000%, 10/15/2032		350		417
5.000%, 10/15/2033		250		300
5.000%, 10/15/2034		250		299
5.000%, 10/15/2035		250		295
San Diego, Public Facilities Financing Authority, Capital Improvement Projects, Ser A, RB
5.000%, 10/15/2029		300		341
5.000%, 10/15/2030		400		463
San Diego, Regional Building Authority, County Operations Center Project, Ser A, RB
5.000%, 10/15/2027		1,000		1,049
San Diego, Unified School District, Ser E-2, GO
5.000%, 07/01/2031		1,000		1,179
San Francisco Bay Area, Rapid Transit District, Ser C-1, GO
4.000%, 08/01/2031		2,000		2,142
San Francisco City & County, Airport Commission, San Francisco International Airport, AMT, RB
5.000%, 01/01/2026		2,500		2,581
San Francisco City & County, Airport Commission, San Francisco International Airport, Ser B, RB
5.000%, 05/01/2031		2,500		2,909
5.000%, 05/01/2032		2,500		2,911


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
San Francisco City & County, Public Utilities Commission Wastewater Revenue, Ser A, RB
5.000%, 10/01/2035	$	2,000	$	2,363
San Jose, Norman Y Mineta San Jose International Airport SJC, Ser A, AMT, RB
5.000%, 03/01/2025		1,000		1,018
5.000%, 03/01/2026		1,780		1,833
San Jose, Norman Y Mineta San Jose International Airport SJC, Ser B, RB
5.000%, 03/01/2029		500		560
5.000%, 03/01/2030		700		799
5.000%, 03/01/2031		860		998
San Jose, Redevelopment Agency Successor Agency, Sub-Ser B, TA
5.000%, 08/01/2027		1,000		1,083
Santa Ana, College Improvement District #1, Rancho Santiago Community College District, GO
3.000%, 08/01/2032		1,000		983
3.000%, 08/01/2033		2,580		2,456
Santa Barbara County, Solid Waste Systems, Ser B, AMT, COP
5.000%, 12/01/2025		1,440		1,492
Solano County, COP
5.000%, 11/01/2025		700		732
Southern California, Public Power Authority, Milford Wind Corridor, Phase II Project, RB
5.000%, 07/01/2030		800		926
Southern California, Public Power Authority, Natural Gas Project, Ser A, RB
5.250%, 11/01/2025		2,930		3,002
Stockton, Redevelopment Agency, Successor Agency, Ser A, TA, AGM
5.000%, 09/01/2026		1,000		1,051
5.000%, 09/01/2027		1,000		1,055
Tulare, Local Health Care District, GO, BAM
4.000%, 08/01/2027		585		604
4.000%, 08/01/2028		435		454
4.000%, 08/01/2029		735		774
4.000%, 08/01/2030		1,320		1,397
Union, Sanitary District Financing Authority, Ser A, RB
4.000%, 09/01/2031		500		546
University of California, Ser S, RB
5.000%, 05/15/2033		1,110		1,322
Upland, Community Redevelopment Agency Successor Agency, Community Development Project, TA
5.000%, 09/01/2025		1,280		1,328

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

California Municipal Bond Fund (Concluded)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Vernon, Electric System Revenue, Ser A, RB
5.000%, 10/01/2027	$	1,000	$	1,039
5.000%, 04/01/2028		2,000		2,090
Western, Municipal Water District Facilities Authority, Ser A, RB
5.000%, 10/01/2033		2,000		2,314



Total Municipal Bonds
(Cost $273,272) ($ Thousands)				257,786


	Shares
CASH EQUIVALENT — 0.3%
SEI Daily Income Trust, Government Fund, Institutional Class
4.910%**^†		812,654		813

Total Cash Equivalent
(Cost $813) ($ Thousands)				813


Total Investments in Securities — 100.1%
(Cost $274,085) ($ Thousands)			$	258,599

	Percentages are based on Net Assets of $258,248 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2023.
^†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Security is escrowed to maturity.
(C)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2023, the value of these securities amounted to $2,752 ($ Thousands), representing 1.1% of the Net Assets of the Fund.

The following is a summary of the level of inputs used as of May 31, 2023, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Municipal Bonds

–

257,786

–

257,786

Cash Equivalent

813

–

813

Total Investments in Securities

813

257,786

–

258,599

The following is a summary of the transactions with affiliates for the period ended May 31, 2023 ($ Thousands):

Security Description

Value

8/31/2022

Purchases

at Cost

Proceeds

from Sales

Realized Gain/

(Loss)

Change in Unrealized Appreciation/ (Depreciation)

Value

5/31/2023

Income

Capital Gains

SEI Daily Income Trust, Government Fund,

Institutional Class

591

47,457

(47,235

)

—

813

—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Massachusetts Municipal Bond Fund


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.1%
Massachusetts — 98.1%
Boston, Ser A, GO
4.000%, 11/01/2031	$	1,500	$	1,626
Hingham, GO
4.000%, 02/15/2030		340		359
4.000%, 02/15/2031		320		337
Lowell, GO
5.000%, 09/01/2027		1,520		1,646
Massachusetts Bay, Transportation Authority, Ser A, RB
5.250%, 07/01/2030		500		582
5.250%, 07/01/2031		750		889
5.000%, 07/01/2026		1,000		1,060
5.000%, 07/01/2027		1,500		1,622
Massachusetts Bay, Transportation Authority, Sub-Ser A-1, RB
5.000%, 07/01/2031		1,000		1,167
Massachusetts State, Clean Water Trust, RB
5.000%, 02/01/2029		1,000		1,058
5.000%, 08/01/2030		1,315		1,516
5.000%, 02/01/2032		1,000		1,181
5.000%, 02/01/2033		1,000		1,198
Massachusetts State, Clean Water Trust, Ser 23B, RB
5.000%, 02/01/2029		800		897
Massachusetts State, Department of Transportation, Metropolitan Highway System, Ser A, RB
5.000%, 01/01/2027		1,000		1,065
Massachusetts State, Department of Transportation, Ser A, RB
5.000%, 01/01/2029		1,000		1,114
Massachusetts State, Department of Transportation, Sub-Ser C, RB
5.000%, 01/01/2027		1,020		1,091
Massachusetts State, Development Finance Agency, Babson College Project, RB
5.000%, 10/01/2033		1,115		1,238
Massachusetts State, Development Finance Agency, Baystate Medical Center Project, Ser N, RB
5.000%, 07/01/2023		200		200
Massachusetts State, Development Finance Agency, Bentley University, Ser A, RB
5.000%, 07/01/2031		1,000		1,130
Massachusetts State, Development Finance Agency, Beth Israel Lahey Health Project, RB
5.000%, 07/01/2028		585		629
Massachusetts State, Development Finance Agency, Boston College, Ser U, RB
5.000%, 07/01/2029		1,000		1,124


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, Boston Medical Center, Ser E, RB
5.000%, 07/01/2026	$	200	$	207
Massachusetts State, Development Finance Agency, Brandeis University Project, Ser S, RB
5.000%, 10/01/2029		1,000		1,106
Massachusetts State, Development Finance Agency, Broad Institute Project, RB
5.000%, 04/01/2025		500		515
Massachusetts State, Development Finance Agency, CareGroup Project, Ser I, RB
5.000%, 07/01/2026		500		521
Massachusetts State, Development Finance Agency, CareGroup Project, Ser J, RB
5.000%, 07/01/2024		500		506
Massachusetts State, Development Finance Agency, College Holy Cross Project, Ser A, RB
5.000%, 09/01/2026		200		211
Massachusetts State, Development Finance Agency, Dana-Farber Cancer Institute, Ser O, RB
5.000%, 12/01/2026		1,000		1,059
Massachusetts State, Development Finance Agency, Harvard University, RB
5.000%, 11/15/2032		1,000		1,196
Massachusetts State, Development Finance Agency, Lahey Clinic Project, Ser F, RB
5.000%, 08/15/2024		750		760
Massachusetts State, Development Finance Agency, Lesley University Project, RB
5.000%, 07/01/2024		1,000		1,012
Massachusetts State, Development Finance Agency, Milton Academy, Ser A, RB
5.000%, 03/01/2028		400		435
Massachusetts State, Development Finance Agency, Northeastern University, Ser A, RB
5.000%, 10/01/2025		970		1,010
Massachusetts State, Development Finance Agency, Ser A, RB
5.000%, 07/01/2050 (A)		1,000		1,105
Massachusetts State, Development Finance Agency, South Shore Hospital Project, Ser I, RB
5.000%, 07/01/2025		500		509
Massachusetts State, Development Finance Agency, Sterling and Francine Clark Art Institute, RB
4.000%, 07/01/2024		400		403

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Massachusetts Municipal Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, Suffolk University Project, RB
5.000%, 07/01/2024	$	850	$	859
Massachusetts State, Development Finance Agency, UMass Memorial Health Care, RB
5.000%, 07/01/2031		1,000		1,045
Massachusetts State, Development Finance Agency, Wellforce, Ser A, RB
5.000%, 07/01/2023		700		701
Massachusetts State, Development Finance Agency, Worcester Polytechnic Institute, RB
5.000%, 09/01/2030		210		229
Massachusetts State, Educational Financing Authority, AMT, RB
5.000%, 07/01/2028		850		894
Massachusetts State, Educational Financing Authority, Ser A, AMT, RB
5.000%, 01/01/2026		400		407
Massachusetts State, Health & Educational Facilities Authority, Massachusetts Institute of Technology Project, Ser M, RB
5.250%, 07/01/2029		500		574
Massachusetts State, Municipal Wholesale Electric, Ser A, RB
5.000%, 07/01/2031		410		471
5.000%, 07/01/2032		440		504
Massachusetts State, Port Authority, BosFuel Project, Ser A, AMT, RB
5.000%, 07/01/2027		1,000		1,048
5.000%, 07/01/2029		840		899
Massachusetts State, Port Authority, Ser A, AMT, RB
5.000%, 07/01/2027		1,000		1,050
5.000%, 07/01/2028		1,250		1,328
5.000%, 07/01/2029		500		539
Massachusetts State, Port Authority, Ser C, AMT, RB
5.000%, 07/01/2028		1,000		1,065
Massachusetts State, Port Authority, Ser C, RB
5.000%, 07/01/2024		520		529
Massachusetts State, Ser B, GO
5.000%, 07/01/2026		1,000		1,059
5.000%, 07/01/2027		1,000		1,081
5.000%, 01/01/2028		1,500		1,639
Massachusetts State, Ser C, GO
5.000%, 10/01/2033		2,500		2,942


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Ser E, GO
5.000%, 11/01/2027	$	1,000	$	1,089
5.000%, 09/01/2028		1,000		1,108
5.000%, 11/01/2030		1,000		1,153
5.000%, 11/01/2031		345		397
Massachusetts State, Water Resources Authority, Ser B, RB
5.000%, 08/01/2028		1,000		1,107
University of Massachusetts, Building Authority, Ser 1, RB
5.000%, 11/01/2030		1,500		1,692
University of Massachusetts, Building Authority, UMass Project, RB
5.000%, 11/01/2026		1,000		1,067
Woods Hole, Marthas Vineyard & Nantucket, Steamship Authority, Ser A, RB
5.000%, 03/01/2029		1,150		1,288
Worcester, GO
4.000%, 02/15/2030		285		297



Total Municipal Bonds
(Cost $64,557) ($ Thousands)				61,345


	Shares
CASH EQUIVALENT — 0.6%
SEI Daily Income Trust, Government Fund, Institutional Class
4.910%**^†		369,725		370

Total Cash Equivalent
(Cost $370) ($ Thousands)				370


Total Investments in Securities — 98.7%
(Cost $64,927) ($ Thousands)			$	61,715

	Percentages are based on Net Assets of $62,514 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2023.
^†	Investment in Affiliated Security.
(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

The following is a summary of the level of inputs used as of May 31, 2023, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Municipal Bonds

–

61,345

–

61,345

Cash Equivalent

370

–

370

Total Investments in Securities

370

61,345

–

61,715

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Massachusetts Municipal Bond Fund (Concluded)

The following is a summary of the transactions with affiliates for the period ended May 31, 2023 ($ Thousands):

Security Description

Value

8/31/2022

Purchases

at Cost

Proceeds

from Sales

Realized Gain/

(Loss)

Change in Unrealized Appreciation/ (Depreciation)

Value

5/31/2023

Income

Capital Gains

SEI Daily Income Trust, Government Fund,

Institutional Class

16,836

(16,466

)

—

370

—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

New Jersey Municipal Bond Fund


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 96.3%
Delaware — 2.1%
Delaware State, River & Bay Authority, RB
5.000%, 01/01/2029	$	1,000	$	1,111
5.000%, 01/01/2030		180		203
5.000%, 01/01/2031		115		132
5.000%, 01/01/2032		225		262
5.000%, 01/01/2033		225		262

				1,970

New Jersey — 79.6%
Bergen County, GO
3.000%, 07/15/2029		1,000		996
Bergen County, Improvement Authority, Ser C, RB
5.000%, 08/15/2025		2,160		2,248
Camden County, Improvement Authority, Cooper Health System Project, RB
5.000%, 02/15/2024		1,000		1,007
Camden County, Improvement Authority, County Capital Program, RB
5.000%, 01/15/2025		420		431
5.000%, 01/15/2026		1,820		1,904
Carlstadt, School District, GO
5.000%, 05/01/2025		500		508
Edison, GO
3.000%, 03/15/2033		1,635		1,578
Essex County, GO
5.000%, 08/01/2025		2,500		2,598
Gloucester County, Improvement Authority, Rowan University Fossil Park, RB, BAM
5.000%, 07/01/2031		375		416
Gloucester County, Improvement Authority, Rowan University Project, Ser A, RB, AGM
5.000%, 11/01/2025		500		519
Gloucester County, Improvement Authority, Rowan University Project, Ser B, RB
5.000%, 07/01/2026		1,000		1,027
Hudson County, Improvement Authority, Vocational - Technical School Project, RB
5.000%, 05/01/2026		500		527
Jersey City, Redevelopment Agency, RB
4.000%, 12/15/2031		1,000		1,069
Jersey City, Ser A, GO
5.000%, 11/01/2025		125		130
Monmouth County, Improvement Authority, Governmental Pooled Loans, Ser A, RB
5.000%, 03/01/2031		365		425
New Jersey State, COVID-19 Emergency Bonds, GO
4.000%, 06/01/2031		2,000		2,130


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Economic Development Authority, American Water Company Project, AMT, RB
3.750%, 11/01/2034 (A)	$	1,000	$	996
New Jersey State, Economic Development Authority, New Jersey Natural Gas, AMT, RB
2.450%, 04/01/2059 (A)		2,000		1,924
New Jersey State, Economic Development Authority, Portal North Bridge Project, RB
5.000%, 11/01/2033		650		732
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
5.000%, 06/01/2027		1,000		1,056
New Jersey State, Economic Development Authority, Ser A, RB, BAM
5.000%, 07/01/2027		1,140		1,201
New Jersey State, Educational Facilities Authority, Montclair State University, Ser B, RB
5.000%, 07/01/2028		2,260		2,356
New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser A, RB, AGM
5.000%, 07/01/2025		1,000		1,033
5.000%, 07/01/2033		350		400
New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser B, RB, AGM
5.000%, 07/01/2025		1,000		1,032
New Jersey State, Educational Facilities Authority, Ser A, RB
5.000%, 07/01/2033		1,360		1,448
New Jersey State, Educational Facilities Authority, Stockton University Project, Ser A, RB
5.000%, 07/01/2026		1,000		1,036
New Jersey State, Educational Facilities Authority, William Patterson University Project, Ser C, RB
5.000%, 07/01/2027		1,905		1,955
New Jersey State, Health Care Facilities Financing Authority, AHS Hospital Project, RB
5.000%, 07/01/2026		735		774
New Jersey State, Health Care Facilities Financing Authority, AtlantiCare Health System, RB
5.000%, 07/01/2026		1,000		1,049
5.000%, 07/01/2031		725		819

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

New Jersey Municipal Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Health Care Facilities Financing Authority, Hackensack Meridian Health Project, RB
5.000%, 07/01/2026	$	2,000	$	2,107
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
5.000%, 07/01/2023		1,000		1,001
5.000%, 07/01/2031		1,080		1,136
New Jersey State, Health Care Facilities Financing Authority, Princeton Healthcare System Project, RB
5.000%, 07/01/2027		1,000		1,053
New Jersey State, Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group, RB
5.000%, 07/01/2025		1,000		1,030
5.000%, 07/01/2032		1,225		1,397
5.000%, 07/01/2045 (A)		1,500		1,559
New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB
5.000%, 07/01/2030		1,250		1,374
New Jersey State, Health Care Facilities Financing Authority, Virtua Health, RB
Pre-Refunded @ 100
5.000%, 01/01/2024 (B)		60		60
New Jersey State, Health Care Facilities Financing Authority, Virtua Health, RB
5.000%, 07/01/2026		940		949
New Jersey State, Higher Education Student Assistance Authority, Ser A, AMT, RB
5.000%, 12/01/2033		2,400		2,618
New Jersey State, Higher Education Student Assistance Authority, Ser A, RB
5.000%, 12/01/2028		675		724
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2030		700		750
New Jersey State, Housing & Mortgage Finance Agency, Ser H, RB
5.000%, 04/01/2029		485		528
New Jersey State, Housing & Mortgage Finance Agency, Single Family Housing, AMT, RB
3.250%, 04/01/2025		765		752


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Institute of Technology, RB
5.000%, 07/01/2028	$	200	$	218
5.000%, 07/01/2029		270		299
5.000%, 07/01/2030		260		288
5.000%, 07/01/2031		375		415
New Jersey State, Transportation Trust Fund Authority, RB
5.250%, 06/15/2032		1,375		1,578
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
4.000%, 06/15/2034		2,055		2,104
4.000%, 06/15/2035		500		507
4.000%, 06/15/2036		415		417
New Jersey State, Transportation Trust Fund Authority, Ser BB, RB
5.000%, 06/15/2031		3,345		3,603
New Jersey State, Transportation Trust Fund Authority, Ser S, RB
5.000%, 06/15/2030		1,000		1,079
5.000%, 06/15/2036		940		1,022
New Jersey State, Turnpike Authority, Ser A, RB
5.000%, 01/01/2028		1,430		1,524
New Jersey State, Turnpike Authority, Ser B, RB
5.000%, 01/01/2028		1,000		1,086
New Jersey State, Turnpike Authority, Ser C, RB
5.000%, 01/01/2025		1,000		1,027
New Jersey State, Turnpike Authority, Ser D, RB
5.000%, 01/01/2028		1,000		1,053
New Jersey State, Turnpike Authority, Ser E, RB
5.000%, 01/01/2027		1,420		1,515
5.000%, 01/01/2029		960		1,042
Ocean County, Ser A, GO
5.000%, 08/01/2027		700		728
Passaic County, Improvement Authority, Paterson Project, RB
5.000%, 06/15/2024		315		320
5.000%, 06/15/2025		250		259
5.000%, 08/01/2027		545		567
Rutgers State University, Ser M, RB
5.000%, 05/01/2027		1,000		1,050
Rutgers State University, Ser N, RB
5.000%, 05/01/2028		500		548
Salem County, Pollution Control Financing Authority, Chambers Project, Ser A, AMT, RB
5.000%, 12/01/2023 (C)		265		265

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

New Jersey Municipal Bond Fund (Concluded)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Somerset County, Ser A&B, GO
3.000%, 08/01/2030	$	540	$	533
Tobacco Settlement Financing, Ser A, RB
5.000%, 06/01/2032		500		535
Tobacco Settlement Financing, Ser B, RB
3.200%, 06/01/2027		5		5
Verona, Board of Education, GO
5.000%, 03/01/2025		500		514

				76,463

New York — 13.0%
New York & New Jersey, Port Authority, AMT, RB
5.000%, 10/15/2029		4,000		4,094
5.000%, 11/01/2032		2,415		2,615
New York & New Jersey, Port Authority, Ser 178, AMT, RB
5.000%, 12/01/2025		2,000		2,011
New York & New Jersey, Port Authority, Ser 223, AMT, RB
5.000%, 07/15/2033		2,165		2,401
4.000%, 07/15/2036		1,325		1,340

				12,461

Pennsylvania — 1.6%
Delaware River, Joint Toll Bridge Commission, Ser A, RB
5.000%, 07/01/2027		1,450		1,565

					��

Total Municipal Bonds
(Cost $96,657) ($ Thousands)				92,459


	Shares
CASH EQUIVALENT — 3.4%
SEI Daily Income Trust, Government Fund, Institutional Class
4.910%**^†		3,297,710		3,298

Total Cash Equivalent
(Cost $3,298) ($ Thousands)				3,298


Total Investments in Securities — 99.7%
(Cost $99,955) ($ Thousands)			$	95,757

	Percentages are based on Net Assets of $96,039 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2023.
^†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(C)	Security is escrowed to maturity.

The following is a summary of the level of inputs used as of May 31, 2023, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Municipal Bonds

–

92,459

–

92,459

Cash Equivalent

3,298

–

3,298

Total Investments in Securities

3,298

92,459

–

95,757

The following is a summary of the transactions with affiliates for the period ended May 31, 2023 ($ Thousands):

Security Description

Value

8/31/2022

Purchases

at Cost

Proceeds

from Sales

Realized Gain/

(Loss)

Change in Unrealized Appreciation/ (Depreciation)

Value

5/31/2023

Income

Capital Gains

SEI Daily Income Trust, Government Fund,

Institutional Class

1,992

30,654

(29,348

)

—

3,298

—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

New York Municipal Bond Fund


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 99.9%
New York — 99.9%
Broome County, Local Development, United Health Services Hospitals, RB, AGM
5.000%, 04/01/2030	$	900	$	979
Build NYC Resource, Kipp Public School, Canal West Project, RB
5.000%, 07/01/2034		1,000		1,064
Build NYC Resource, Manhattan College Project, RB
5.000%, 08/01/2026		350		364
5.000%, 08/01/2027		275		290
Build NYC Resource, The Chapin School Project, RB
5.000%, 11/01/2026		500		533
Dutchess County, Local Development, Nuvance Health, Ser B, RB
5.000%, 07/01/2026		1,000		1,025
Essex County, Industrial Development Agency, AMT, RB
2.100%, 03/01/2027 (A)		525		512
Genesee County, Funding, Rochester Regional Health Project, RB
5.000%, 12/01/2032		650		682
Hempstead, Local Development, Hofstra University Project, Ser A, RB
5.000%, 07/01/2026		800		836
Hudson Yards Infrastructure, RB
5.000%, 02/15/2034		1,970		2,280
Long Island, Power Authority, RB
5.000%, 09/01/2026		1,000		1,063
5.000%, 09/01/2027		1,000		1,086
1.000%, 09/01/2025		1,000		924
Long Island, Power Authority, Ser A, RB
5.000%, 09/01/2027		1,000		1,086
Long Island, Power Authority, Ser B, RB
5.000%, 09/01/2030		1,500		1,587
Metropolitan New York, Transportation Authority, Ser B, RB
5.000%, 11/15/2028		3,000		3,185
Metropolitan New York, Transportation Authority, Ser C1, RB
5.000%, 11/15/2025		2,000		2,055
5.000%, 11/15/2026		1,000		1,029
Monroe County, Industrial Development Authority, Rochester Schools Modernization Project, RB
5.000%, 05/01/2026		1,000		1,056
Monroe County, Industrial Development Authority, University of Rochester Project, RB
5.000%, 07/01/2025		750		778


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB
5.000%, 07/01/2026	$	1,050	$	1,112
Nassau County, Interim Finance Authority, Ser A, RB
5.000%, 11/15/2030		2,160		2,532
4.000%, 11/15/2032		1,000		1,099
Nassau County, Ser A, GO
5.000%, 01/01/2026		1,000		1,050
Nassau County, Ser C, GO
5.000%, 10/01/2027		1,000		1,090
New York & New Jersey, Port Authority, AMT, RB
5.000%, 11/01/2030		4,100		4,448
New York & New Jersey, Port Authority, Ser 178, AMT, RB
5.000%, 12/01/2024		2,000		2,012
New York & New Jersey, Port Authority, Ser 231ST, AMT, RB
5.000%, 08/01/2033		1,500		1,682
New York City, Housing Development Authority, RB, FHA
0.600%, 05/01/2061 (A)		500		460
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
5.000%, 01/01/2028		1,000		1,071
New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM
5.000%, 03/01/2029		1,750		1,898
New York City, Ser 1, GO
5.000%, 08/01/2028		1,000		1,086
New York City, Ser C, GO
5.000%, 08/01/2032		3,345		3,802
New York City, Ser C-1, GO
5.000%, 08/01/2027		1,000		1,077
New York City, Ser F-1, GO
5.000%, 08/01/2029		1,895		2,104
New York City, Sub-Ser E1, GO
5.000%, 04/01/2035		700		813
New York City, Sub-Ser I, GO
5.000%, 04/01/2028		1,405		1,531
5.000%, 04/01/2030		675		759
New York City, Transitional Finance Authority, Building Aid Revenue, Ser S-1, RB
5.000%, 07/15/2028		1,080		1,171
5.000%, 07/15/2031		1,000		1,163
New York City, Water & Sewer System, RB
5.000%, 06/15/2031		2,000		2,340

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

New York Municipal Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Dormitory Authority, Columbia University Project, Ser A, RB
5.000%, 10/01/2034	$	1,000	$	1,208
New York State, Dormitory Authority, Icahn School of Medicine at Mount Sanai Project, RB
5.000%, 07/01/2026		1,000		1,026
New York State, Dormitory Authority, Memorial Sloan-Kettering Project, RB
5.000%, 07/01/2027		500		541
5.000%, 07/01/2030		1,095		1,232
New York State, Dormitory Authority, New York University Project, Ser A, RB
5.000%, 07/01/2026		1,720		1,825
New York State, Dormitory Authority, NYU Hospital Center Project, RB
5.000%, 07/01/2023		500		500
5.000%, 07/01/2024		1,000		1,016
New York State, Dormitory Authority, RB, AGM
5.000%, 10/01/2026		495		525
5.000%, 10/01/2026 (B)		5		5
New York State, Dormitory Authority, Rochester Institute of Technology, RB
5.000%, 07/01/2033		1,000		1,172
New York State, Dormitory Authority, School Districts Financing Program, RB, AGM
5.000%, 10/01/2026		1,000		1,061
New York State, Dormitory Authority, School Districts Financing Program, Ser A, RB, AGM
5.000%, 10/01/2024		785		803
New York State, Dormitory Authority, Ser 1, RB
5.000%, 01/15/2027		1,000		1,068
New York State, Dormitory Authority, Ser A, RB
5.000%, 07/01/2025		500		520
5.000%, 07/01/2026		1,100		1,155
5.000%, 03/15/2028		905		916
5.000%, 10/01/2029		2,500		2,686
New York State, Dormitory Authority, Ser A, RB, AGM
5.000%, 10/01/2030		1,200		1,344
New York State, Dormitory Authority, Ser C, RB
5.000%, 03/15/2026 (B)		2,400		2,531
New York State, Dormitory Authority, Ser E, RB
5.000%, 03/15/2026 (B)		2,750		2,901
5.000%, 03/15/2032		1,500		1,740


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Dormitory Authority, St. Johns University Project, RB
5.000%, 07/01/2027	$	1,500	$	1,595
New York State, Dormitory Authority, St. Johns University Project, Ser A, RB
4.000%, 07/01/2030		830		877
New York State, Dormitory Authority, State University Dormitory Facilities Project, RB
5.000%, 07/01/2025		1,000		1,035
New York State, Mortgage Agency, Ser 189, AMT, RB
3.250%, 10/01/2025		2,500		2,464
New York State, Mortgage Agency, Ser 232, AMT, RB
5.000%, 04/01/2029		1,700		1,794
New York State, Thruway Authority, Ser B, RB
5.000%, 01/01/2029		1,100		1,219
New York State, Thruway Authority, Ser K, RB
5.000%, 01/01/2030		745		765
New York State, Thruway Authority, Ser L, RB
5.000%, 01/01/2034		1,860		2,020
New York State, Transportation Development, JFK International Airport Project, AMT, RB
5.000%, 12/01/2032		1,000		1,083
5.000%, 12/01/2033		1,500		1,615
New York State, Transportation Development, JFK International Airport Project, RB
5.000%, 12/01/2030		1,000		1,100
New York State, Transportation Development, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB
5.000%, 07/01/2030		1,275		1,286
New York State, Transportation Development, Terminal 4 JFK International Airport, RB
5.000%, 12/01/2025		1,000		1,029
New York State, Urban Development, RB
5.000%, 03/15/2025 (B)		5		5
New York State, Urban Development, Ser E, RB
5.000%, 03/15/2032		1,615		1,832
Oyster Bay, GO, AGM
4.000%, 03/01/2028		825		867
Oyster Bay, GO, BAM
4.000%, 11/01/2026		800		827

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

New York Municipal Bond Fund (Concluded)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Schenectady County, Capital Resource, Union College Project, RB
5.000%, 07/01/2032	$	700	$	811
Suffolk County, Ser A, GO, AGM
5.000%, 02/01/2026		1,200		1,259
Suffolk County, Ser D, GO, BAM
5.000%, 10/15/2024		2,000		2,045
Triborough, Bridge & Tunnel Authority, MTA Bridges & Tunnels, RB
5.000%, 11/15/2026		3,000		3,194
5.000%, 05/15/2035		500		582
TSASC, Tobacco Settlement Bonds, Ser A, RB
5.000%, 06/01/2025		750		767
Westchester County, Local Development, Miriam Osborn Memorial Home Association Project, RB
5.000%, 07/01/2025		260		265
5.000%, 07/01/2026		300		308
Westchester County, Tobacco Asset Securitization, Ser B, RB
5.000%, 06/01/2024		1,800		1,827



Total Municipal Bonds
(Cost $119,691) ($ Thousands)				114,960


	Shares
CASH EQUIVALENT — 0.1%
SEI Daily Income Trust, Government Fund, Institutional Class
4.910%**^†		149,739		150

Total Cash Equivalent
(Cost $150) ($ Thousands)				150


Total Investments in Securities — 100.0%
(Cost $119,841) ($ Thousands)			$	115,110

	Percentages are based on Net Assets of $115,109 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2023.
^†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Security is escrowed to maturity.

The following is a summary of the level of inputs used as of May 31, 2023, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Municipal Bonds

–

114,960

–

114,960

Cash Equivalent

150

–

150

Total Investments in Securities

150

114,960

–

115,110

The following is a summary of the transactions with affiliates for the period ended May 31, 2023 ($ Thousands):

Security Description

Value

8/31/2022

Purchases

at Cost

Proceeds

from Sales

Realized Gain/

(Loss)

Change in Unrealized Appreciation/ (Depreciation)

Value

5/31/2023

Income

Capital Gains

SEI Daily Income Trust, Government Fund,

Institutional Class

314

53,269

(53,433

)

—

150

—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Pennsylvania Municipal Bond Fund


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 100.8%
Pennsylvania — 100.8%
Allegheny County, Airport Authority, Ser A, AMT, RB
5.000%, 01/01/2031	$	1,325	$	1,440
Allegheny County, Higher Education Building Authority, Carnegie Mellon University, RB
5.000%, 02/01/2030		500		567
Allegheny County, Higher Education Building Authority, Duquesne University, RB
5.000%, 03/01/2026		550		572
Allegheny County, Hospital Development Authority, Allegheny Health Network, RB
5.000%, 04/01/2028		2,500		2,660
Allegheny County, Hospital Development Authority, UPMC, RB
5.000%, 07/15/2029		2,000		2,180
Allegheny County, Port Authority, RB
5.000%, 03/01/2029		1,000		1,105
Allentown, City School District, Ser B, GO, BAM
5.000%, 02/01/2029		1,750		1,904
Berks County, Industrial Development Authority, Health Care Facilities, The Highlands At Wyomissing, RB
Pre-Refunded @ 102
5.000%, 05/15/2025 (A)		525		552
Bethel Park, School District, GO
5.000%, 08/01/2027		1,000		1,053
Chester County, GO
4.000%, 07/15/2029		300		318
4.000%, 07/15/2030		250		265
Chester County, Health & Education Facilities Authority, Main Line Health Systems, Ser A, RB
5.000%, 09/01/2028		175		191
5.000%, 09/01/2029		375		417
Chester County, School Authority, Chester County Intermediate Unit Project, RB
5.000%, 03/01/2028		1,000		1,044
Cumberland County, Municipal Authority, Penn State Health, RB
5.000%, 11/01/2029		780		866
Dallastown Area, School District, GO
5.000%, 04/15/2026		1,000		1,028
Daniel Boone Area, School District, GO
5.000%, 04/01/2026		780		802
Daniel Boone Area, School District, GO
Pre-Refunded @ 100
5.000%, 04/01/2025 (A)		220		227


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Dauphin County, General Authority, Pinnacle Health System Project, RB
5.000%, 06/01/2024	$	600	$	607
Delaware County, Cabrini University Project, RB
5.000%, 07/01/2027		500		504
5.000%, 07/01/2028		500		505
Delaware County, Regional Water Quality Control Authority, RB
5.000%, 11/01/2025		625		651
5.000%, 11/01/2026		425		451
Delaware River, Joint Toll Bridge Commission, RB
5.000%, 07/01/2029		1,015		1,104
Delaware River, Joint Toll Bridge Commission, Ser B, RB
5.000%, 07/01/2027		1,300		1,404
Delaware River, Port Authority, Ser A, RB
5.000%, 01/01/2028		1,000		1,091
East Hempfield, Industrial Development Authority, Willow Valley Communities Project, RB
5.000%, 12/01/2025		645		661
Fairview, School District, GO, BAM
5.000%, 09/15/2029		500		562
Geisinger, Health System Authority, RB
5.000%, 04/01/2043 (B)		1,000		1,037
Gettysburg Area, School District, GO
5.000%, 01/15/2025		1,000		1,026
Lackawanna County, GO, BAM
5.000%, 09/01/2024		1,000		1,019
Lancaster County, Hospital Authority, Masonic Villages of Grand Lodge Project, RB
5.000%, 11/01/2023		800		802
5.000%, 11/01/2028		1,360		1,412
Lancaster County, Hospital Authority, University of Pennsylvania Health System, Ser B, RB
5.000%, 08/15/2026		500		528
Lancaster, Higher Education Authority, Harrisburg Area Community College Project, RB, BAM
4.000%, 10/01/2030		400		413
Lehigh County, General Purpose Authority, RB
4.000%, 06/01/2031		1,225		1,196
Lehigh County, Lehigh Valley Health, Ser A, RB
5.000%, 07/01/2024		1,300		1,317

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Pennsylvania Municipal Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Luzerne County, Industrial Development Authority, America Water Project, AMT, RB
2.450%, 12/01/2039 (B)	$	1,700	$	1,552
Lycoming County, College Revenue Authority, Pennsylvania College of Technology Project, RB, BAM
5.000%, 07/01/2030		900		995
Mifflin County, School District, Ser A, GO, BAM
5.000%, 09/01/2025		1,885		1,932
5.000%, 09/01/2026		690		708
5.000%, 09/01/2027		660		678
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB
5.000%, 09/01/2025		500		513
5.000%, 09/01/2028		1,500		1,604
Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB
5.000%, 11/15/2036		750		745
Montgomery County, Ser C, GO
5.000%, 09/01/2030		500		567
Mount Lebanon, Hospital Authority, St. Clair Memorial Hospital Project, RB
5.000%, 07/01/2027		400		428
5.000%, 07/01/2029		350		383
Octorara Area, School District, GO, AGM
4.000%, 04/01/2029		900		950
Pennsylvania State University, Ser A, RB
5.000%, 09/01/2026		500		530
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2028		2,500		2,681
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.000%, 06/30/2034		1,500		1,620
Pennsylvania State, Economic Development Financing Authority, Solid Waste Disposal Management Project, AMT, RB
2.150%, 07/01/2041 (B)		1,000		980
Pennsylvania State, Economic Development Financing Authority, UPMC, RB
5.000%, 03/15/2026		1,000		1,036
Pennsylvania State, Economic Development Financing Authority, UPMC, Ser A, RB
5.000%, 02/01/2025		1,000		1,017
5.000%, 10/15/2029		750		820
5.000%, 10/15/2030		925		1,021


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania State, GO
5.000%, 01/01/2026	$	5,000	$	5,228
5.000%, 05/01/2030		1,000		1,138
Pennsylvania State, Higher Education Assistance Agency, Ser A, AMT, RB
5.000%, 06/01/2032		3,000		3,228
Pennsylvania State, Higher Educational Facilities Authority, Drexel University, RB
5.000%, 05/01/2027		1,150		1,215
Pennsylvania State, Higher Educational Facilities Authority, Ser A, RB, AGM
5.000%, 06/15/2027		750		801
Pennsylvania State, Higher Educational Facilities Authority, State System of Higher Education, RB
5.000%, 06/15/2026		1,000		1,051
5.000%, 06/15/2028		1,500		1,614
Pennsylvania State, Higher Educational Facilities Authority, State System of Higher Education, Ser A, RB
5.000%, 06/15/2026		1,500		1,578
Pennsylvania State, Higher Educational Facilities Authority, Trustees of the University of Pennsylvania, Ser A, RB
5.000%, 02/15/2027		860		922
Pennsylvania State, Higher Educational Facilities Authority, University of Pennsylvania Health System, RB
5.000%, 08/15/2027		1,000		1,074
Pennsylvania State, Housing Finance Agency, Ser 133, RB
5.000%, 10/01/2029		500		545
Pennsylvania State, Housing Finance Agency, Ser 2022-139A, RB
4.250%, 10/01/2052		1,975		1,970
Pennsylvania State, Public School Building Authority, Harrisburg, Ser S, RB, AGM
5.000%, 12/01/2027		1,000		1,054
Pennsylvania State, Public School Building Authority, Lehigh Career & Technical Institute Project, RB, BAM
5.000%, 10/01/2027		1,635		1,694
Pennsylvania State, Ser A, COP
5.000%, 07/01/2027		500		536
5.000%, 07/01/2028		400		435
Pennsylvania State, Turnpike Commission, Ser A, RB
5.000%, 12/01/2027		325		346
5.000%, 12/01/2029		700		789
5.000%, 12/01/2030		1,875		2,138
5.000%, 12/01/2031		1,000		1,153
5.000%, 12/01/2032		2,000		2,298

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Pennsylvania Municipal Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania State, Turnpike Commission, Ser B, RB
5.000%, 12/01/2025	$	600	$	627
5.000%, 12/01/2032		1,550		1,771
5.000%, 12/01/2033		375		431
Pennsylvania State, Turnpike Commission, Ser C, RB
5.000%, 12/01/2032		500		575
Pennsylvania State, Turnpike Commission, Sub-Ser, RB
5.000%, 12/01/2028		500		540
5.000%, 12/01/2034		1,000		1,133
Philadelphia, Airport Revenue Authority, AMT, RB
5.000%, 07/01/2031		1,100		1,201
Philadelphia, Airport Revenue Authority, Ser A, AMT, RB
5.000%, 06/15/2026		1,000		1,016
Philadelphia, Airport Revenue Authority, Ser B, AMT, RB
5.000%, 07/01/2027		2,500		2,615
Philadelphia, Gas Works Revenue Authority, RB
5.000%, 10/01/2025		1,290		1,333
5.000%, 08/01/2026		2,200		2,260
5.000%, 08/01/2027		1,705		1,816
5.000%, 10/01/2029		2,000		2,085
Philadelphia, Gas Works Revenue Authority, Ser A, RB, AGM
5.000%, 08/01/2031		1,000		1,120
Philadelphia, GO, AGM
5.000%, 08/01/2027		750		810
Philadelphia, Industrial Development Authority, National Board of Medical Examiners Project, RB
5.000%, 05/01/2028		1,005		1,052
Philadelphia, Industrial Development Authority, RB
5.000%, 10/01/2029		1,000		1,110
Philadelphia, Industrial Development Authority, Temple University Project, Ser 2015, RB
5.000%, 04/01/2025		1,000		1,030
Philadelphia, Industrial Development Authority, The Children's Hospital of Philadelphia Project, RB
5.000%, 07/01/2027		400		429
Philadelphia, School District, Ser A, GO
5.000%, 09/01/2027		2,850		3,039
Philadelphia, Ser A, GO
5.000%, 08/01/2026		1,000		1,055
5.000%, 08/01/2027		1,000		1,075


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
5.000%, 05/01/2028	$	1,000	$	1,092
5.000%, 05/01/2031		1,000		1,143
Philadelphia, Water & Wastewater Revenue Authority, RB
5.000%, 10/01/2032		1,250		1,407
Philadelphia, Water & Wastewater Revenue Authority, Ser A, RB
5.000%, 11/01/2027		725		782
Philadelphia, Water & Wastewater Revenue Authority, Ser B, RB
5.000%, 11/01/2026		475		504
5.000%, 11/01/2027		1,800		1,942
Philadelphia, Water & Wastewater Revenue Authority, Ser C, RB			��
5.000%, 10/01/2031		2,250		2,547
5.000%, 06/01/2034		800		917
Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, RB, BAM
5.000%, 12/15/2027		1,000		1,080
Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, Ser A, RB, AGM
5.000%, 02/01/2033		1,000		1,137
Pittsburgh, GO
5.000%, 09/01/2027		415		448
Pittsburgh, Public Parking Authority, Ser A, RB
Pre-Refunded @ 100
5.000%, 06/01/2025 (A)		415		429
Pittsburgh, Public Parking Authority, Ser A, RB
5.000%, 12/01/2025		645		660
Pittsburgh, School District, GO, AGM
5.000%, 09/01/2025		1,000		1,026
Pittsburgh, Water & Sewer Authority, Ser A, RB, AGM
5.000%, 09/01/2026		2,000		2,114
5.000%, 09/01/2029		750		841
Pittsburgh, Water & Sewer Authority, Ser B, RB, AGM
5.000%, 09/01/2029		450		504
Quaker Valley, School District, GO
5.000%, 10/01/2030		250		286
5.000%, 10/01/2031		325		373
Seneca Valley, School District, Ser C, GO
5.000%, 03/01/2027		1,000		1,029
Souderton Area, School District, GO
5.000%, 11/01/2024		1,000		1,022
Southcentral Pennsylvania, General Revenue Authority, Wellspan Health Obligated, RB
5.000%, 06/01/2025		500		516

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Pennsylvania Municipal Bond Fund (Concluded)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Southeastern Pennsylvania, Transportation Authority, Asset Improvement Program, RB
5.000%, 06/01/2032	$	1,000	$	1,165
5.000%, 06/01/2033		1,000		1,165
Southeastern Pennsylvania, Transportation Authority, RB
5.000%, 03/01/2026		1,620		1,700
5.000%, 03/01/2027		1,000		1,073
5.000%, 03/01/2028		725		786
Unionville-Chadds Ford, School District, GO
5.000%, 06/01/2026		1,000		1,057
University of Pittsburgh, Commonwealth System of Higher Education, RB
4.000%, 04/15/2026		1,225		1,252
Westmoreland County, Municipal Authority, RB, BAM
5.000%, 08/15/2024		1,000		1,018
5.000%, 08/15/2026		1,610		1,672
Wilkes-Barre, Finance Authority, University of Scranton Project, Ser A, RB
5.000%, 11/01/2025		1,000		1,030



Total Municipal Bonds
(Cost $153,508) ($ Thousands)				146,888


Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 0.3%
SEI Daily Income Trust, Government Fund, Institutional Class
4.910%**^†		440,784	$	441

Total Cash Equivalent
(Cost $441) ($ Thousands)				441


Total Investments in Securities — 101.1%
(Cost $153,949) ($ Thousands)			$	147,329

	Percentages are based on Net Assets of $145,738 ($ Thousands).
^†	Investment in Affiliated Security.
**	The rate reported is the 7-day effective yield as of May 31, 2023.
(A)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(B)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

The following is a summary of the level of inputs used as of May 31, 2023, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Municipal Bonds

–

146,888

–

146,888

Cash Equivalent

441

–

441

Total Investments in Securities

441

146,888

–

147,329

The following is a summary of the transactions with affiliates for the period ended May 31, 2023 ($ Thousands):

Security Description

Value

8/31/2022

Purchases

at Cost

Proceeds

from Sales

Realized Gain/

(Loss)

Change in Unrealized Appreciation/ (Depreciation)

Value

5/31/2023

Income

Capital Gains

SEI Daily Income Trust, Government Fund,

Institutional Class

1,913

22,301

(23,773

)

—

441

—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 72.3%
Alabama — 2.9%
Alabama State, Special Care Facilities Financing Authority, Methodist Home for the Aging Project, Ser S, RB
5.750%, 06/01/2045	$	800	$	671
Black Belt, Energy Gas District, Ser C-1, RB
5.250%, 02/01/2053 (A)		3,000		3,133
Black Belt, Energy Gas District, Ser E, RB
5.000%, 05/01/2053 (A)		3,250		3,398
Black Belt, Energy Gas District, Sub-Ser, RB
4.804%, 07/01/2052 (A)		1,000		987
Central Etowah County, Solid Waste Disposal Authority, AMT, RB
Pre-Refunded @ 103
6.000%, 07/01/2025 (B)(C)		795		836
Jefferson County, Sewer Revenue Authority, Ser D, RB
6.500%, 10/01/2053		12,000		12,676
Lower Alabama, Gas District, Ser A, RB
5.000%, 09/01/2046		1,500		1,505
Southeast Alabama, Gas Supply District, Ser A, RB
4.000%, 06/01/2049 (A)		1,565		1,563
Tuscaloosa County, Industrial Development Authority, Hunt Refining Project, Ser A, RB
4.500%, 05/01/2032 (C)		3,263		3,008
Tuscaloosa County, Industrial Development Authority, Ser A, RB
5.250%, 05/01/2044 (C)		2,865		2,530

				30,307

Alaska — 0.3%
Alaska State, Industrial Development & Export Authority, Boys & Girls Home Project, RB
6.000%, 12/01/2036 (D)		200		–
Anchorage, Solid Waste Services Revenue, Ser A, RB
5.250%, 11/01/2062		3,480		3,679

				3,679

Arizona — 1.1%
Arizona State, Industrial Development Authority, Basis Schools Projects, Ser A, RB
5.375%, 07/01/2050 (C)		1,090		1,028


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Arizona State, Industrial Development Authority, Great Lakes Senior Living Community, RB
5.000%, 01/01/2037	$	1,000	$	671
5.000%, 01/01/2038		675		451
4.500%, 01/01/2040		965		507
4.500%, 01/01/2049		1,000		544
4.250%, 01/01/2039		1,000		601
4.250%, 01/01/2040		750		442
Arizona State, Industrial Development Authority, Legacy Cares Project, RB
7.750%, 07/01/2050 (C)(D)		3,000		1,650
Arizona State, Industrial Development Authority, Master Academy Mountain Vista Campus Project, RB
5.250%, 12/15/2038 (C)		1,510		1,512
La Paz County, Industrial Development Authority, Charter School Solutions-Harmony Project, RB
5.000%, 02/15/2028		350		357
Maricopa County, Industrial Development Authority, Honor Health Project, Ser A, RB
4.125%, 09/01/2042		2,500		2,362
Pima County, Industrial Development Authority, Paideia Academics Project, RB
5.250%, 07/01/2049		1,050		929
Pima County, Industrial Development Authority, Tucson Country Day School Project, RB
5.000%, 06/01/2037		265		227

				11,281

Arkansas — 0.4%
Arkansas State, Development Finance Authority, Big River Steel Project, AMT, RB
4.750%, 09/01/2049 (C)		4,250		3,864
Arkansas State, Development Finance Authority, United States Steel Project, AMT, RB
5.450%, 09/01/2052		785		764

				4,628

California — 9.4%
Alameda Corridor, Transportation Authority, Ser A-CONV, RB
0.000%, 10/01/2037 (E)(F)		2,000		1,005
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		5,000		4,956

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Community Choice Financing Authority, Clean Energy Project, Ser C, RB
5.250%, 01/01/2054 (A)	$	7,000	$	7,317
California State, Community Housing Agency, Annadel Apartments, Ser A, RB
5.000%, 04/01/2049 (C)		1,000		823
California State, Community Housing Agency, Serenity at Larkspur, Ser A, RB
5.000%, 02/01/2050 (C)		1,000		819
California State, Infrastructure & Economic Development Bank, Brightline West Passenger Rail, AMT, RB
3.650%, 01/01/2050 (A)(C)		5,000		4,982
California State, Infrastructure & Economic Development Bank, Wonderful Foundations, RB
0.000%, 01/01/2035 (G)		930		427
California State, Municipal Finance Authority, California Baptist University Project, Ser A, RB
5.000%, 11/01/2046 (C)		1,000		954
California State, Municipal Finance Authority, Palomar Health, Ser A, RB, AGM
5.250%, 11/01/2052		1,500		1,594
California State, Pollution Control Financing Authority, AMT, RB
7.500%, 12/01/2040 (C)		750		450
California State, Pollution Control Financing Authority, Calplant I Project, Sub-Ser, AMT, RB
7.500%, 12/01/2039 (C)(D)		3,500		175
California State, Pollution Control Financing Authority, Rialto Bioenergy Facility Project, AMT, RB
6.750%, 12/01/2028 (C)		2,175		1,305
California State, Pollution Control Financing Authority, San Jose Water Project, AMT, RB
4.750%, 11/01/2046		1,500		1,519
California State, Pollution Control Financing Authority, Waste Management Project, Ser A3, AMT, RB
4.300%, 07/01/2040		1,500		1,513
California State, Public Finance Authority, Enso Village Project, RB
5.000%, 11/15/2046 (C)		500		444
California State, School Finance Authority, Downtown Prep-Obligated Group, RB
5.000%, 06/01/2046 (C)		1,000		930
5.000%, 06/01/2051 (C)		1,000		911


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Statewide Communities Development Authority, Loma Linda University Medical Center Project, Ser A, RB
5.250%, 12/01/2056 (C)	$	2,150	$	2,019
5.000%, 12/01/2041 (C)		2,500		2,418
California State, Statewide Financing Authority, Tobacco Settlement, Ser B, RB
6.000%, 05/01/2037		6,000		6,104
CMFA, Special Finance Agency, Solana at Grand, Ser A-2-JUNIOR, RB
4.000%, 08/01/2045 (C)		1,100		867
CSCDA, Community Improvement Authority, 1818 Platinum Triange-Anaheim, RB
4.000%, 04/01/2057 (C)		500		343
CSCDA, Community Improvement Authority, Atlanta-Glendale, Ser S, RB
3.500%, 10/01/2046 (C)		2,000		1,506
CSCDA, Community Improvement Authority, Dublin, RB
4.000%, 02/01/2057 (C)		1,000		696
CSCDA, Community Improvement Authority, MODA at Monrovia Station, RB
3.400%, 10/01/2046 (C)		1,000		766
CSCDA, Community Improvement Authority, Pasadena Portfolio, RB
4.000%, 12/01/2056 (C)		500		354
2.650%, 12/01/2046 (C)		2,225		1,702
CSCDA, Community Improvement Authority, The Link-Glendale, RB
4.000%, 07/01/2056 (C)		1,750		1,234
CSCDA, Community Improvement Authority, Towne-Glendale, RB
5.000%, 09/01/2037 (C)		2,800		2,626
0.000%, 09/01/2032 (C)(E)(F)		7,800		3,745
CSCDA, Community Improvement Authority, Waterscape Apartments, Ser B-MEZZ, RB
4.000%, 09/01/2046 (C)		425		338
Fremont, Community Facilities District No. 1, Pacific Commons Project, SAB
5.000%, 09/01/2040		2,000		2,020
Golden State, Tobacco Securitization Project, Sub-Ser B-2, RB
0.000%, 06/01/2066 (G)		58,000		5,867
Golden State, Tobacco Securitization, Sub-Ser, RB
3.850%, 06/01/2050		2,500		2,262
Long Beach, Towne Center Project, SAB
5.400%, 10/01/2023		650		653
Long Beach, Unified School District, Ser C, GO
4.000%, 08/01/2050		3,900		3,820

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Los Angeles, Community College District, GO
2.106%, 08/01/2032	$	3,600	$	2,986
Morongo, Band of Mission Indians, Ser B, RB
5.000%, 10/01/2042 (C)		1,000		982
M-S-R, Energy Authority, Ser C, RB
6.500%, 11/01/2039		5,885		6,832
Northern California, Tobacco Securitization Authority, RB
0.000%, 06/01/2060 (G)		10,040		1,558
Palomar, Community College District, GO
1.836%, 08/01/2029		7,000		6,027
Poway, School Facilities Improvement Authority, Unified School District Capital Appreciation Project, GO
0.000%, 08/01/2038 (G)		5,410		2,920
Roseville, West Park Community Facilities Authority, SAB
5.000%, 09/01/2030		1,000		1,026
5.000%, 09/01/2031		1,000		1,026
5.000%, 09/01/2032		1,000		1,025
San Clemente, Special Tax Community, GO
5.000%, 09/01/2046		1,085		1,092
Southern California, Tobacco Securitization Authority, RB
0.000%, 06/01/2054 (G)		5,700		1,050
Southern California, Tobacco Securitization Authority, Sub-Ser, RB
0.000%, 06/01/2046 (G)		12,000		2,250
Tustin, Community Facilities District, GO
5.000%, 09/01/2040		750		757
Windsor, Unified School District, Election 2008, Ser D, GO
0.000%, 08/01/2035 (G)		1,800		1,115

				100,110

Colorado — 1.7%
Aurora, Harvest Crossing Metropolitan District No. 4, Ser A, GO
7.250%, 12/01/2052		1,500		1,438
Aviation Station North, Metropolitan District No. 2, Ser A, GO
5.000%, 12/01/2039		500		469
5.000%, 12/01/2048		500		440
Berthoud-Heritage, Metropolitan District No. 10, Ser A, GO
4.750%, 12/01/2052		500		390
Brighton Crossing, Metropolitan District No. 4, Ser A, GO
5.000%, 12/01/2037		525		512


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Broadway Station, Metropolitan District No. 3, GO
5.000%, 12/01/2049	$	500	$	385
Chambers Highpoint, Metropolitan District No. 2, GO
5.000%, 12/01/2041		515		455
Colorado International Center Metropolitan, District No. 7, GO
0.000%, 12/01/2027 (E)(F)		2,000		1,079
Colorado State, Educational & Cultural Facilities Authority, New Summit Charter Acadamy Project, RB
4.000%, 07/01/2061 (C)		600		423
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A-, RB
4.000%, 08/01/2044		2,000		1,850
Colorado State, Public Energy Authority, RB
6.250%, 11/15/2028		650		694
Colorado State, School of Mines, Ser B, RB, AGM
5.250%, 12/01/2052		500		540
Denver, International Business Center Metropolitan District No. 1, Sub-Ser B, GO
6.000%, 12/01/2048		1,145		1,128
Dominion, Water & Sanitation District, RB
5.875%, 12/01/2052		4,000		3,876
Great Western, Metropolitan District, GO
4.750%, 12/01/2050		1,000		855
Hogback, Metropolitan District, Ser A, GO
5.000%, 12/01/2051		590		505
Prairie Center, Metropolitan District No. 3, Ser A, RB
5.000%, 12/15/2041 (C)		875		853
Pronghorn Valley, Metropolitan District, Ser A, GO
4.000%, 12/01/2051		250		184
Serenity Ridge, Metropolitan District No. 2, Ser A, GO
Pre-Refunded @ 103
5.125%, 12/01/2023 (B)		550		570
Village at Dry Creek, Metropolitan District No. 2, GO
4.375%, 12/01/2044		768		637
Westgate, Metropolitan District, RB
5.125%, 12/01/2051		1,000		845

				18,128

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Connecticut — 0.2%
Connecticut State, Health & Educational Facility Authority, Church Home of Hartford Project, RB
5.000%, 09/01/2046 (C)	$	1,000	$	825
5.000%, 09/01/2053 (C)		1,500		1,187
New Haven, Ser A, GO
5.000%, 08/01/2026		580		603

				2,615

Delaware — 1.1%
Affordable Housing Opportunities Trust, Northwest One, Ser AH-07-CL, RB
7.120%, 10/01/2038 (C)		1,935		1,849
3.167%, 10/01/2038 (A)(C)		10,965		9,342

				11,191

Florida — 1.7%
Atlantic Beach, Health Care, Fleet Landing Project, Ser B, RB
5.625%, 11/15/2043		1,325		1,291
Capital Trust Agency, First Mortgage Revenue, Tapestry Walden Project, RB
6.750%, 07/01/2037 (C)(D)		1,585		349
Capital Trust Agency, H-Bay Ministries, RB
5.000%, 07/01/2053 (D)		750		60
Capital Trust Agency, Renaissance Charter School Project, RB
5.000%, 06/15/2049 (C)		1,000		867
Capital Trust Agency, Wonderful Foundations Charter, RB
5.000%, 01/01/2055 (C)		3,500		2,581
Charlotte County, Industrial Development Authority, AMT, RB
4.000%, 10/01/2051 (C)		500		376
Florida State, Development Finance, Global Reach Charter Acadamy Projects, RB
4.000%, 06/30/2056 (C)		765		533
Florida State, Higher Educational Facilities Financial Authority, Jacksonville University, RB
4.500%, 06/01/2033 (C)		500		483
Highlands County, Health Facilities Authority, Senior Living Revenue, Trousdale Foundation Properties, RB
6.000%, 04/01/2038 (D)		400		140
Miami-Dade County, Seaport Department, Ser A, AMT, RB
5.250%, 10/01/2052		1,000		1,054
Miami-Dade County, Special Obligation, Sub-Ser, RB
0.000%, 10/01/2032 (G)		2,900		2,034


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Midtown Miami, Community Development District, Parking Garage Project, Ser A, SAB
5.000%, 05/01/2029	$	1,990	$	1,990
Polk County, Industrial Development Authority, Mineral Development Project, AMT, RB
5.875%, 01/01/2033 (C)		3,620		3,631
Saint Johns County, Industrial Development Authority, Vicars Landing Project, RB
4.000%, 12/15/2046		950		688
Sarasota County, Health Facilities Authority, Sunnyside Village Project, RB
5.000%, 05/15/2033		630		630
4.000%, 05/15/2028		1,205		1,164
Trout Creek, Community Development District, SAB
5.000%, 05/01/2028		355		358

				18,229

Georgia — 2.2%
Gainesville & Hall County, Development Authority, Riverside Military Academy Project, RB
5.125%, 03/01/2052		1,620		1,163
Georgia State, Main Street Natural Gas, Ser A, RB
5.000%, 05/15/2049		1,000		989
Georgia State, Main Street Natural Gas, Ser B, RB
5.000%, 12/01/2052 (A)		2,210		2,306
5.000%, 07/01/2053 (A)		3,500		3,690
Georgia State, Municipal Electric Authority, Plant Voltage Units 3 & 4 Project, RB
5.500%, 07/01/2063		5,500		5,638
5.500%, 07/01/2064		1,000		1,030
5.000%, 01/01/2059		500		502
5.000%, 07/01/2060		5,000		5,000
5.000%, 01/01/2063		1,700		1,711
4.000%, 01/01/2049		1,000		917

				22,946

Idaho — 0.1%
Idaho State, Housing & Finance Association, Compass Charter School Project, Ser A, RB
4.625%, 07/01/2029 (C)		335		337
Spring Valley Community, Infrastructure District No. 1, SAB
3.750%, 09/01/2051 (C)		1,500		1,109

				1,446

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois — 5.7%
Chicago, Board of Education, GO, NATL
0.000%, 12/01/2023 (G)	$	545	$	534
Chicago, Board of Education, Ser C, GO
5.250%, 12/01/2035		2,500		2,505
5.000%, 12/01/2026		1,000		1,032
5.000%, 12/01/2027		500		519
Chicago, Board of Education, Ser D, GO
5.000%, 12/01/2046		3,500		3,383
Chicago, O'Hare International Airport, AMT, RB
5.000%, 07/01/2048		500		489
Chicago, O'Hare International Airport, Ser D, RB
5.000%, 01/01/2052		3,125		3,191
Chicago, Project and Refunding, Ser A, GO
6.000%, 01/01/2038		10,500		11,128
Chicago, Sales Tax Revenue, Ser 2002, RB
Pre-Refunded @ 100
5.000%, 01/01/2025 (B)		2,500		2,565
Chicago, Wastewater Transmission Revenue Authority, Ser A, RB, AGM
5.250%, 01/01/2053		1,000		1,080
Hillside, TA
5.000%, 01/01/2030		1,345		1,336
Illinois State, Finance Authority, Acero Charter Schools, RB
4.000%, 10/01/2042 (C)		350		272
Illinois State, Finance Authority, Art in Motion Project, RB
5.000%, 07/01/2051 (C)		1,000		766
Illinois State, Finance Authority, Friendship Village of Schaumburg Project, RB
5.125%, 02/15/2045 (D)		1,750		788
5.000%, 02/15/2037 (D)		1,750		787
Illinois State, Finance Authority, Friendship Village Schamurg Project, RB
5.000%, 02/15/2022 (D)		1,000		450
Illinois State, Finance Authority, Plymouth Place, RB
Pre-Refunded @ 100
5.000%, 05/15/2025 (B)		500		517
Illinois State, GO
5.500%, 05/01/2030		2,000		2,244
5.500%, 07/01/2038		1,500		1,503
5.000%, 05/01/2026		4,500		4,542
5.000%, 02/01/2039		5,000		5,016
Illinois State, RB
5.000%, 06/15/2026		2,000		2,002
Illinois State, Ser A, GO
4.625%, 05/01/2037		2,500		2,553


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Ser B, GO
5.000%, 12/01/2026	$	2,500	$	2,627
Illinois State, Ser D, GO
5.000%, 11/01/2027		5,000		5,333
Metropolitan Pier & Exposition Authority, Ser B, RB, AGM
0.000%, 06/15/2045 (G)		7,500		2,615
Will County, Community High School District No. 210 Lincoln-Way, Ser B, GO, BAM
0.000%, 01/01/2029 (G)		400		323
0.000%, 01/01/2031 (G)		300		224
0.000%, 01/01/2033 (G)		100		68

				60,392

Indiana — 1.3%
Indiana State, Finance Authority, Ohio River Bridge Project, AMT, RB
Pre-Refunded @ 100
5.000%, 07/01/2023 (B)		1,000		1,001
Indiana State, Finance Authority, Ohio Valley Electric Corp. Project, Ser 2012A, RB
4.250%, 11/01/2030		3,000		2,938
Indiana State, Finance Authority, Ohio Valley Electric Corp. Project, Ser 2012C, RB
3.000%, 11/01/2030		2,500		2,232
Indiana State, Finance Authority, Polyflow Project, AMT, RB
7.000%, 03/01/2039 (C)		10,600		7,987

				14,158

Iowa — 0.5%
Iowa State, Finance Authority, Council Bluffs Project, RB
3.950%, 08/01/2023		85		85
Iowa State, Finance Authority, Deerfield Retirement Community Project, RB
Pre-Refunded @ 100
5.400%, 11/15/2024 (A)(B)		603		616
Iowa State, Finance Authority, Northcrest Project, Ser A, RB
5.000%, 03/01/2028		980		970
Iowa State, Finance Authority, Tamid Waterloo Project, RB
8.000%, 01/01/2042 (C)		2,000		1,838
Iowa State, Tobacco Settlement Authority, Sub-Ser B-, RB
0.000%, 06/01/2065 (G)		11,490		1,267

				4,776

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Kansas — 0.2%
Kansas State, Development Finance Authority, Village of Shalom Project, Ser A, RB
5.500%, 11/15/2038	$	1,025	$	846
Wichita, Presbyterian Manor Project, RB
5.000%, 05/15/2050		600		469
Wichita, Presbyterian Manor Project, Ser I, RB
5.000%, 05/15/2028		500		483
Wyandotte County, Kansas City Unified Government, RB
0.000%, 09/01/2034 (C)(G)		2,000		758

				2,556

Kentucky — 0.7%
Kentucky State, Economic Development Finance Authority, Bapitist Life Community Project, Ser S, RB
6.250%, 11/15/2046		1,000		767
Kentucky State, Economic Development Finance Authority, Baptist Life Community Project, Ser S, RB
6.000%, 11/15/2036		1,700		1,414
Scott County, School District Finance, RB, BAM
5.000%, 09/01/2041		5,000		5,522

				7,703

Louisiana — 0.2%
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Cameron Parish GOMESA Project, RB
5.650%, 11/01/2037 (C)		900		944
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Jefferson Parish GOMESA Project, RB
4.000%, 11/01/2044 (C)		500		441
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Terrebonne Parish GOMESA Project, RB
5.500%, 11/01/2039 (C)		800		833

				2,218

Maine — 0.2%
Maine State, Health & Higher Educational Facilities Authority, Eastern Maine Health Care, Ser A, RB
5.000%, 07/01/2046		2,600		2,360


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Maryland — 0.2%
Maryland State, Economic Development Corporation, Purple Line Light Rail Project, AMT, RB
5.250%, 06/30/2055	$	625	$	634
Prince George's County, Chesapeake Lighthouse Charter School Project, RB
7.000%, 08/01/2048		1,500		1,579

				2,213

Massachusetts — 0.1%
Massachusetts State, Development Finance Agency, RB
5.250%, 07/01/2052		1,500		1,560


Michigan — 2.3%
Detroit, Ser B-1, GO
4.000%, 04/01/2044 (A)(F)		5,800		4,264
Michigan State, Finance Authority, Detroit Water and Sewerage Project, Senior Lien, RB
5.000%, 07/01/2033		3,000		3,034
Michigan State, Finance Authority, Local Government Loan Program, RB
4.500%, 10/01/2029		5,750		5,717
Michigan State, Finance Authority, Public School Academy, Bradford Academy Project, RB
5.000%, 09/01/2050		310		245
4.800%, 09/01/2040		185		153
4.300%, 09/01/2030		120		108
Michigan State, Finance Authority, RB
0.000%, 06/01/2045 (G)		5,000		1,156
Michigan State, Finance Authority, Tobacco Settlement, Ser B, RB
0.000%, 06/01/2046 (G)		28,500		2,880
Michigan State, Finance Authority, Tobacco Settlement, Ser B-2-CLASS, RB
0.000%, 06/01/2065 (G)		20,000		1,958
Michigan State, Finance Authority, Tobacco Settlement, Ser C, RB
0.000%, 06/01/2058 (G)		125,250		4,850

				24,365

Minnesota — 0.6%
Independence, Beacon Academy Project, Ser A, RB
4.250%, 07/01/2026		615		595
Minneapolis, Education Authority, Twin Cities International School, RB
5.000%, 12/01/2032 (C)		750		753

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Minneapolis, NorthEast College Prep Project, RB
5.000%, 07/01/2055	$	710	$	569
Shakopee, Senior Housing Revenue, Benedictine Living Community Project, RB
5.850%, 11/01/2058 (A)(C)		500		491
St. Cloud, Health Care Revenue, Centracare Health System, RB
4.000%, 05/01/2049		4,000		3,627
St. Cloud, Stride Academy Project, Ser A, RB
3.750%, 04/01/2026		275		253

				6,288

Missouri — 0.7%
Lees Summit, Industrial Development Authority, John Knox Village Project, Ser A, RB
5.000%, 08/15/2051		1,050		801
Missouri State, Development Finance Board, Saint Louis Zoo Projects, Ser 2022, RB
5.250%, 05/01/2055		4,005		4,297
St. Louis, Land Clearance for Redevelopment Authority, National Geospacial Intelligence, RB
5.125%, 06/01/2046		2,345		2,361

				7,459

Montana — 0.1%
Kalispel, Housing and Health Care Facilities, Immanuel Lutheran Project, RB
5.250%, 05/15/2052		1,500		1,175


Nevada — 0.8%
Nevada State, Department of Business & Industry, Fulcrum Sierra Biofuels Project, AMT, RB
6.950%, 02/15/2038 (C)		3,000		2,690
5.125%, 12/15/2037 (C)		2,305		1,772
Reno, Sub-Ser D, RB
0.000%, 07/01/2058 (C)(G)		10,000		1,000
Reno, Sub-Ser, TRAN
0.000%, 07/01/2058 (C)(G)		23,000		2,907

				8,369

New Hampshire — 0.4%
New Hampshire State, Business Finance Authority, Ser 1-, RB
3.787%, 09/20/2034 (C)		4,084		3,733


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey — 1.7%
New Jersey State, Economic Development Authority, Kapowski Road Landfill Project, SAB
5.750%, 04/01/2031	$	2,500	$	2,486
New Jersey State, Economic Development Authority, Portal North Bridge Project, RB
5.000%, 11/01/2052		4,000		4,194
New Jersey State, Economic Development Authority, Sub-Ser A, RB
3.125%, 07/01/2029		445		421
New Jersey State, Educational Facilities Authority, Stockton University, Ser A, RB
5.000%, 07/01/2041		2,000		2,022
New Jersey State, Tobacco Settlement Financing, Sub-Ser B, RB
5.000%, 06/01/2046		770		773
New Jersey State, Transportation Trust Fund Authority, Transportation Program, Ser AA, RB
5.250%, 06/15/2041		1,250		1,269
New Jersey State, Transportation Trust Fund Authority, Transportation Program, Ser CC, RB
5.500%, 06/15/2050		500		545
Newark, GO, NATL
0.000%, 04/01/2033 (G)		6,220		3,719
Passaic County, Improvement Authority, Paterson Arts & Science Charter School Project, RB
5.375%, 07/01/2053		500		502
South Jersey, Transportation Authority, Ser A, RB
5.000%, 11/01/2039		2,500		2,508

				18,439

New York — 8.1%
Build NYC Resource, NYU Law School Project, RB
5.000%, 07/01/2041		1,500		1,483
Hempstead Town, Local Development, Acadamy Charter School Project, RB
4.600%, 02/01/2051		500		367
Hempstead Town, Local Development, Academy Christian School Project, RB
6.760%, 02/01/2048		1,000		1,044
Monroe County, Industrial Development, Ann's Community Project, RB
5.000%, 01/01/2040		1,500		1,235

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Industrial Development Agency, Yankee Stadium Project, RB, FGIC
5.810%, 03/01/2026 (A)	$	425	$	431
5.800%, 03/01/2025 (A)		400		402
New York City, Municipal Water Finance Authority, RB
3.400%, 06/15/2046 (A)		10,000		10,000
New York City, Municipal Water Finance Authority, Sub-Ser, RB
3.000%, 06/15/2044 (A)		7,000		7,000
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser B-1, RB
4.000%, 08/01/2048		5,000		4,860
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser E-1, RB
3.000%, 02/01/2051		1,000		747
New York Counties, Tobacco Trust IV, Ser E, RB
0.000%, 06/01/2055 (G)		57,000		4,097
New York Counties, Tobacco Trust V, Sub-Ser, RB
0.000%, 06/01/2055 (G)		28,000		2,101
New York State, Liberty Development Authority, Goldman Sachs Headquarters Project, RB
5.500%, 10/01/2037		1,000		1,128
New York State, Liberty Development Authority, World Trade Center Project, RB
5.375%, 11/15/2040 (C)		4,000		4,006
5.000%, 11/15/2044 (C)		10,750		10,514
New York State, Transportation Development, Delta Airlines, AMT, RB
5.000%, 01/01/2025		5,000		5,056
5.000%, 01/01/2029		545		562
5.000%, 01/01/2033		4,085		4,207
5.000%, 10/01/2040		1,500		1,517
4.375%, 10/01/2045		3,000		2,834
4.000%, 10/01/2030		1,000		994
New York State, Transportation Development, JFK International Airport Project, AMT, RB
5.250%, 08/01/2031		1,300		1,338
New York State, Transportation Development, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB
5.000%, 07/01/2046		3,985		3,876


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Suffolk, Tobacco Asset Securitization, Sub-Ser, RB
0.000%, 06/01/2066 (G)	$	21,000	$	2,281
Syracuse, Industrial Development Agency, Carousel Center Project, Ser B, RB
5.693%, 01/01/2028 (C)		1,600		1,524
TSASC, Tobacco Settlement Bond, Ser A, RB
5.000%, 06/01/2033		5,790		6,019
TSASC, Tobacco Settlement Bond, Sub-Ser, RB
5.000%, 06/01/2045		4,250		3,986
Ulster County, Capital Resource, Woodland Pond at New Paltz, RB
5.250%, 09/15/2047		1,000		735
5.250%, 09/15/2053		2,500		1,767

				86,111

North Dakota — 0.1%
Grand Forks County, Solid Waste Facility, Red River Biorefinery Project, AMT, RB
7.000%, 12/15/2043 (C)(D)		1,500		825
6.625%, 12/15/2031 (C)(D)		1,000		550

				1,375

Ohio — 2.2%
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2055		4,800		4,440
0.000%, 06/01/2057 (G)		36,500		4,054
Franklin County, Convention Facilities Authority, Greater Columbus Convention Center, RB
5.000%, 12/01/2044		4,000		3,714
Lake County, Port & Economic Development Authority, 1st Mortgage - Tapestry Wickliffe, RB
6.750%, 12/01/2052 (C)(D)		650		188
6.500%, 12/01/2037 (C)(D)		1,100		319
Montgomery County, Trousdale Foundation Properties Project, RB
6.250%, 04/01/2049 (C)(D)		1,900		665
6.000%, 04/01/2038 (C)(D)		1,615		565
Ohio State, Air Quality Development Authority, Duke Energy, AMT, RB
4.250%, 11/01/2039 (A)		3,500		3,457
Ohio State, Air Quality Development Authority, Vanadium Project, AMT, RB
5.000%, 07/01/2049 (C)		2,250		2,026
Pickerington, Local School District, GO
4.375%, 12/01/2049		1,000		1,003

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Southern Ohio, Port Authority, Purecycle Project, Ser A, AMT, RB
6.500%, 12/01/2030 (C)	$	3,000	$	2,545

				22,976

Oklahoma — 0.6%
Comanche County, Hospital Authority, RB
5.000%, 07/01/2025		1,500		1,494
Oklahoma State, Development Finance Authority, Alden Group Renewable Energy, AMT, RB
8.000%, 12/01/2041 (C)		2,500		1,959
Oklahoma State, Development Finance Authority, Oklahoma City University Project, RB
4.000%, 08/01/2035		2,790		2,536
Payne County, Economic Development Authority, Epworth Living Retirement Community, RB
7.000%, 11/01/2051 (D)		2,163		6
6.875%, 11/01/2046 (D)		1,081		3
6.625%, 11/01/2036 (D)		522		1

				5,999

Oregon — 0.1%
Clackamas County, Hospital Facility Authority, Willametter View Project, RB
5.000%, 11/15/2052		1,500		1,309
Oregon State, Business Development Commission, Red Rock Biofuels LLC, AMT, RB
6.500%, 04/01/2031 (C)(D)		11,100		55

				1,364

Other — 0.4%
Freddie Mac, Multifamily ML Certificates, RB
4.140%, 01/25/2040 (A)		5,000		4,574


Pennsylvania — 2.4%
Berks County, Industrial Development Authority, The Highlands at Wyomissing Project, RB
Pre-Refunded @ 102
5.000%, 05/15/2025 (B)		300		315
Blythe, Solid Waste Authority, AMT, RB
Pre-Refunded @ 100
7.750%, 12/01/2027 (B)		3,750		4,289
Chester County, Industrial Development Authority, Woodlands at Graystone Project, SAB
4.375%, 03/01/2028 (C)		253		249


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Franklin County, Industrial Development Authority, Menno-Haven Project, RB
5.000%, 12/01/2025	$	495	$	484
Lancaster County, Hospital Authority, Penn State Health System Project, RB
5.000%, 11/01/2046		2,500		2,585
Lancaster County, Hospital Authority, Penn State Health, RB
5.000%, 11/01/2051		3,000		3,072
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2034		2,000		2,137
Pennsylvania State, Economic Development Financing Authority, Consol Energy Inc Project, AMT, RB
9.000%, 04/01/2051 (A)(C)		2,040		2,282
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.250%, 06/30/2053		5,000		5,117
Philadelphia, Industrial Development Authority, University Square Apartments Project, RB
5.500%, 12/01/2058 (C)		2,000		1,795
Southcentral Pennsylvania, General Authority, York Academy Regional Christian School Program, RB
6.500%, 07/15/2048 (C)		2,800		2,885
Washington County, Redevelopment Authority, TA
4.000%, 07/01/2023		195		195
West Cornwall, Municipal Authority, Pleasant View Retirement Community, RB
3.000%, 12/15/2023		120		119

				25,524

Puerto Rico — 8.6%
Puerto Rico, Electric Power Authority, Ser AAA, RB
5.250%, 07/01/2030 (D)		200		143
Puerto Rico, Electric Power Authority, Ser UU, RB, AGM
3.988%, 07/01/2029 (A)		9,040		8,333
Puerto Rico, Electric Power Authority, Ser V, RB
5.500%, 07/01/2020 (D)		1,380		969
Puerto Rico, Electric Power Authority, Ser ZZ, RB
5.250%, 07/01/2019 (D)		1,265		889

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Puerto Rico, GDB Debt Recovery Authority, RB
7.500%, 08/20/2040	$	12,699	$	10,477
Puerto Rico, Highway & Transportation Authority, Ser A, RB
5.000%, 07/01/2062		1,720		1,649
Puerto Rico, Highway & Transportation Authority, Ser B, RB
0.000%, 07/01/2032 (G)		1,118		710
Puerto Rico, Highway & Transportation Authority, Ser C, RB
0.000%, 07/01/2032 (E)(F)		9,412		5,717
Puerto Rico, Sales Tax Financing Sales Tax Revenue, Ser A2, RB
4.784%, 07/01/2058		11,604		10,660
Puerto Rico, Sales Tax Financing Sales Tax Revenue, Ser A-2A, RB
4.550%, 07/01/2040		2,000		1,903
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
5.000%, 07/01/2058		6,253		5,975
0.000%, 07/01/2046 (G)		12,100		3,255
0.000%, 07/01/2051 (G)		37,000		7,322
Puerto Rico, Ser A, GO
0.000%, 07/01/2024 (G)		399		380
0.000%, 07/01/2033 (G)		4,500		2,637
Puerto Rico, Ser A1, GO
4.000%, 07/01/2041		5,000		4,173
Puerto Rico, Sub-Ser CW, GO
0.000%, 11/01/2043 (A)(E)		16,691		8,137
Puerto Rico, Sub-Ser Senior, GO
0.000%, 11/01/2051 (A)(E)		18,427		8,891
Puerto Rico, Sub-Ser, GO
0.000%, 11/01/2051 (A)(E)		23,505		9,373

				91,593

Rhode Island — 0.8%
Rhode Island State, Tobacco Settlement Financing Authority, Ser A, RB
0.000%, 06/01/2052 (G)		6,890		1,118
Rhode Island State, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2050		7,000		6,866

				7,984

South Carolina — 0.8%
South Carolina State, Jobs-Economic Development Authority, Bon Secours Mercy Health, RB
5.000%, 12/01/2046		2,000		2,097


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, AMT, RB
6.250%, 02/01/2045 (C)(D)	$	1,000	$	400
5.250%, 02/01/2027 (C)(D)		1,000		400
South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, RB
8.000%, 12/06/2029 (D)		155		127
South Carolina State, Public Service Authority, Santee Cooper Project, Ser C, RB
5.784%, 12/01/2041		5,059		5,276

				8,300

Tennessee — 1.5%
Bristol, Industrial Development Board, Pinnacle Project, TA
5.625%, 06/01/2035		2,000		1,792
Memphis-Shelby County, Industrial Development Board, Graceland Project, TA
5.500%, 07/01/2037		700		509
Nashville, Metropolitan Development & Housing Agency, TA
4.500%, 06/01/2028 (C)		495		496
Shelby County, Health Educational & Housing Facilities Board, The Farms at Baily Station, RB
5.750%, 10/01/2059		2,500		1,789
Tennergy, Gas Supply, Ser A, RB
5.500%, 10/01/2053 (A)		5,000		5,272
Tennessee State, Energy Acquisition, Ser A, RB
5.250%, 09/01/2026		2,355		2,396
Tennessee State, Energy Acquisition, Ser C, RB
5.000%, 02/01/2027		4,000		3,981

				16,235

Texas — 3.1%
Angelina & Neches, River Authority, Jefferson Enterprise Energy, AMT, RB
12.000%, 12/01/2045 (C)		3,000		2,563
7.500%, 12/01/2045 (C)		1,750		1,136
Baytown, Municipal Development District, Baytown Convention Center Hotel, RB
5.000%, 10/01/2050 (C)		500		412
Brazoria County, Industrial Development, Aleon Renewable Metals, AMT, RB
10.000%, 06/01/2042 (A)(C)		1,500		1,430

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Brazoria County, Industrial Development, Gladieux Metals Recycling Project, AMT, RB
9.000%, 03/01/2039 (C)	$	9,255	$	9,729
7.000%, 03/01/2039		500		461
Calhoun County, Navigation Industrial Development Authority, AMT, RB
3.625%, 07/01/2026 (C)		2,000		1,821
Clifton, Higher Education Finance, International Leadership Project, Ser D, RB
6.125%, 08/15/2048		1,250		1,253
6.000%, 08/15/2038		1,500		1,514
New Hope, Cultural Education Facilities, Cardinal Bay Village Project, RB
5.500%, 07/01/2046		1,250		563
5.000%, 07/01/2031		250		112
5.000%, 07/01/2046		2,000		1,185
New Hope, Cultural Education Facilities, Edgemere Project, RB
5.000%, 01/01/2047		1,500		1,305
New Hope, Cultural Education Facilities, Longhorn Village Project, RB
5.000%, 01/01/2042		500		448
New Hope, Cultural Education Facilities, Quality Senior Housing Foundation, Ser A1, RB
5.000%, 12/01/2054		500		428
Port Beaumont, Navigation District, Jefferson Gulf Coast Energy Project, AMT, RB
4.000%, 01/01/2050 (C)		1,500		1,056
Port Beaumont, Navigation District, Jefferson Gulf Coast Energy Project, RB
6.000%, 01/01/2025 (C)		1,000		941
Port Isabel, GO
5.100%, 02/15/2049 (C)		1,000		1,012
Texas State, Municipal Gas Acquisition & Supply I, Senior Lien, Ser A, RB
5.250%, 12/15/2023		670		673
Texas State, Municipal Gas Acquisition & Supply I, Sub-Ser C, RB
4.710%, 12/15/2026 (A)		3,000		2,939
Texas State, Private Activity Bond, Surface Transportation, AMT, RB
5.000%, 06/30/2058		500		492
Woodloch, Health Facilities Development, Inspired Living Lewsville Project, RB
6.750%, 12/01/2051 (C)(D)		2,500		1,825

				33,298


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Utah — 0.3%
Mida Mountain Village, Public Infrastructure District, Mountain Village Assesment, SAB
4.000%, 08/01/2050 (C)	$	500	$	369
UIPA Crossroads, Public Infrastructure District, TA
4.375%, 06/01/2052 (C)		1,000		848
Utah Charter School, Finance Authority, St George Campus Project, Ser A, RB
5.000%, 06/15/2052 (C)		1,300		1,119
Utah State, Charter School Finance Authority, Early Light Academy Project, RB
4.500%, 07/15/2027 (C)		500		483

				2,819

Vermont — 0.1%
Vermont State, Student Assistance, Ser A, AMT, RB
5.000%, 06/15/2028		550		561


Virgin Islands — 0.6%
Matching Fund Special Purpose Securitization, Ser A, RB
5.000%, 10/01/2027		1,840		1,856
5.000%, 10/01/2032		4,530		4,496

				6,352

Virginia — 1.7%
Farms of New Kent, Community Development Authority, Ser A, SAB
3.750%, 03/01/2036 (C)		4,600		4,327
Hanover County, Economic Development Authority, Covenant Woods Project, RB
5.000%, 07/01/2038		375		353
Henrico County, Economic Development Authority, Pinnacle Living Obligation Group, Ser A, RB
5.000%, 06/01/2044		1,000		883
James City County, Economic Development Authority, United Methodist Home Project, RB
Pre-Refunded @ 100
6.000%, 06/01/2023 (B)		2,119		2,119
Lewistown, Commerce Center, Community Development Authority, Ser C, TA
6.050%, 03/01/2054		118		59
Lewistown, Commerce Center, Community Development Authority, TA
6.050%, 03/01/2044 (D)		80		63

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Virginia State, Small Business Financing Authority, Bon Secours Mercy Health, RB
4.000%, 12/01/2049	$	2,000	$	1,843
Virginia State, Small Business Financing Authority, Rixey Student Housing Project, Ser A, RB
5.500%, 07/01/2044 (C)		6,565		6,042
Virginia State, Small Business Financing Authority, Transform 66 P3 Project, AMT, RB
5.000%, 12/31/2049		2,500		2,477

				18,166

Washington — 0.7%
Skagit County, Public Hospital District No. 1, Skagit Regional Health, RB
5.000%, 12/01/2028		1,000		1,026
Washington State, Convention Center Public Facilities District, RB
4.000%, 07/01/2031		1,000		951
Washington State, Housing Finance Commission, Judson Park Project, RB
5.000%, 07/01/2033 (C)		225		206
4.000%, 07/01/2028 (C)		400		366
3.700%, 07/01/2023 (C)		125		125
Washington State, Housing Finance Commission, Living Care Centers, RB
3.600%, 10/01/2031 (A)(H)		1,650		1,650
Washington State, Tobacco Settlement Authority, RB
5.250%, 06/01/2032		1,155		1,144
5.250%, 06/01/2033		2,500		2,470

				7,938

West Virginia — 0.6%
West Virginia State, Tobacco Settlement, Finance Authority, Ser B, RB
0.000%, 06/01/2047 (G)		73,250		6,770


Wisconsin — 2.8%
Wisconsin State, Center District, Junior Dedicated Tax Revenue, Ser D, RB, AGM
0.000%, 12/15/2045 (G)		5,000		1,680
Wisconsin State, Center District, Senior Dedicated Tax Revenue, Ser C, RB, AGM
0.000%, 12/15/2045 (G)		8,110		2,725
Wisconsin State, Health & Educational Facilities Authority, Camillus Health System, RB
5.000%, 11/01/2046		1,000		799


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Health & Educational Facilities Authority, Wisconsin Illinois Senior Housing, RB
5.250%, 08/01/2048	$	1,500	$	1,174
5.000%, 08/01/2028		1,140		1,098
Wisconsin State, Public Finance Authority, Barton College Project, Ser A, RB
5.000%, 03/01/2038		2,500		2,344
5.000%, 03/01/2048		1,500		1,341
Wisconsin State, Public Finance Authority, Celanese Project, Ser B, AMT, RB
5.000%, 12/01/2025		2,000		2,026
Wisconsin State, Public Finance Authority, Delray Beach Radiation Therapy Project, Ser A-DELRAY, RB
7.000%, 11/01/2046 (C)(D)		3,500		2,100
Wisconsin State, Public Finance Authority, Estancia Valley Classical, RB
4.250%, 07/01/2051 (C)		1,000		710
Wisconsin State, Public Finance Authority, Irving Convention Center Hotel Project, RB
7.000%, 01/01/2050 (C)		3,250		3,523
Wisconsin State, Public Finance Authority, Lake Erie College, RB
5.875%, 10/01/2054 (C)		2,770		2,307
Wisconsin State, Public Finance Authority, Marys Woods at Marylhurst Project, RB
5.250%, 05/15/2052 (C)		1,750		1,492
Wisconsin State, Public Finance Authority, Northwest Nazarene University Project, RB
4.250%, 10/01/2049		1,000		865
Wisconsin State, Public Finance Authority, Procure Proton Therapy Center Project, RB
6.375%, 01/01/2048 (C)		5,070		3,118
Wisconsin State, Public Finance Authority, Retirement Facilities First Mortgage, RB
5.250%, 03/01/2055 (C)		2,500		2,105

				29,407


Total Municipal Bonds
(Cost $814,078) ($ Thousands)				769,670

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS — 18.9%
Financials — 16.0%
Ally Financial
4.700%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.868%(A)(I)	$	1,000	$	708
American Express
3.550%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.854%(A)(I)		5,000		4,097
Australia & New Zealand Banking Group
6.750%, USD ICE Swap 11:00 NY 5 Yr + 5.168%(A)(C)(I)		6,900		6,680
Bank of America
6.500%, TSFR3M + 4.436%(A)(I)		800		800
6.250%, TSFR3M + 3.967%(A)(I)		5,000		4,907
6.125%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.231%(A)(I)		3,800		3,708
4.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.760%(A)(I)		3,000		2,505
Bank of New York Mellon
4.625%, TSFR3M + 3.393%(A)(I)		2,200		1,936
3.750%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.630%(A)(I)		5,800		4,702
3.700%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.352%(A)(I)		5,000		4,372
Bank of Nova Scotia
8.625%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.389%, 10/27/2082 (A)		3,200		3,287
Barclays PLC
8.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 5.672%(A)(I)		1,800		1,690
7.750%, USD Swap Semi 30/360 5 Yr Curr + 4.842%(A)(I)		1,000		968
4.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.410%(A)(I)		3,000		1,983
Benloch Ranch, Improvement Association No. 2
10.000%, 12/01/2051 (C)(J)		6,000		5,850
BNP Paribas
9.250%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.969%(A)(C)(I)		2,400		2,490
6.625%, USD Swap Semi 30/360 5 Yr Curr + 4.149%(A)(C)(I)		1,500		1,442
4.625%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.196%(A)(C)(I)		8,000		6,231


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
BP Capital Markets PLC
4.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.036%(A)(I)	$	600	$	576
Capital One Financial
3.950%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.157%(A)(I)		5,300		3,940
Charles Schwab
5.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.971%(A)(I)		300		289
4.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.168%(A)(I)		6,000		4,903
Citigroup
6.250%, TSFR3M + 4.779%(A)(I)		2,000		1,935
4.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.597%(A)(I)		3,000		2,569
3.875%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.417%(A)(I)		4,400		3,663
Citizens Financial Group
6.375%, ICE LIBOR USD 3 Month + 3.157%(A)(I)		2,380		1,958
5.650%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 5.313%(A)(I)		2,200		1,942
CoBank ACB
6.250%, ICE LIBOR USD 3 Month + 4.660%(A)(I)		500		468
Credit Agricole MTN
4.750%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.237%(A)(C)(I)		3,000		2,367
Depository Trust & Clearing
3.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.606%(A)(C)(I)		750		556
Discover Financial Services
6.125%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 5.783%(A)(I)		500		464
Fifth Third Bancorp
4.500%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.215%(A)(I)		500		431
Goldman Sachs Group
5.500%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.623%(A)(I)		1,000		967
4.125%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.949%(A)(I)		2,500		2,033
HSBC Holdings PLC
6.000%, USD ICE Swap 11:00 NY 5 Yr + 3.746%(A)(I)		1,500		1,330

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Huntington Bancshares
5.625%, US Treas Yield Curve Rate T Note Const Mat 10 Yr + 4.945%(A)(I)	$	600	$	529
4.450%, H15T7Y + 4.045%(A)(I)		3,800		3,021
ING Groep
6.500%, USD Swap Semi 30/360 5 Yr Curr + 4.446%(A)(I)		3,500		3,243
5.750%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.342%(A)(I)		1,000		886
JPMorgan Chase
6.750%, TSFR3M + 4.042%(A)(I)		6,900		6,909
3.650%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.850%(A)(I)		2,800		2,470
KeyCorp
5.000%, TSFR3M + 3.868%(A)(I)		3,000		2,091
Lloyds Banking Group PLC
8.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.913%(A)(I)		4,800		4,412
M&T Bank
5.125%, ICE LIBOR USD 3 Month + 3.520%(A)(I)		500		380
5.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.174%(A)(I)		3,300		2,540
3.500%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.679%(A)(I)		2,000		1,299
MetLife
3.850%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.576%(A)(I)		3,800		3,528
Nordea Bank Abp MTN
6.125%, USD Swap Semi 30/360 5 Yr Curr + 3.388%(A)(C)(I)		2,500		2,358
PNC Financial Services Group
6.250%, H15T7Y + 2.808%(A)(I)		2,100		1,906
6.000%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.000%(A)(I)		3,400		3,047
3.400%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.595%(A)(I)		1,000		747
Reagan Ranch Development LLC
8.500%, 09/01/2031		5,000		3,880
Royal Bank of Scotland Group PLC
8.000%, USD Swap Semi 30/360 5 Yr Curr + 5.720%(A)(I)		200		197
Societe Generale
8.000%, USD ICE Swap 11:00 NY 5 Yr + 5.873%(A)(C)(I)		1,800		1,683


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
7.375%, USD Swap Semi 30/360 5 Yr Curr + 4.302%(A)(C)(I)	$	700	$	672
Standard Chartered PLC
7.014%, ICE LIBOR USD 3 Month + 1.460%(A)(C)(I)		4,000		3,810
Toll Road Investors Partnership II
0.000%, 02/15/2043 (C)(G)		20,801		5,721
Toronto-Dominion Bank
8.125%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.075%, 10/31/2082 (A)		4,000		4,099
Truist Financial
4.800%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.003%(A)(I)		10,400		8,684
UBS Group
4.375%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.313%(A)(C)(I)		6,000		4,095
UBS Group Funding Switzerland
7.000%, USD Swap Semi 30/360 5 Yr Curr + 4.344%(A)(C)(I)		600		573
US Bancorp
3.700%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.541%(A)(I)		7,200		5,250
Voya Financial
6.125%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.358%(A)(I)		1,700		1,598
Wells Fargo
3.900%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.453%(A)(I)		2,200		1,927

				170,302

Health Care — 1.3%
CommonSpirit Health
4.187%, 10/01/2049		4,300		3,453
Cottage Health Obligated Group
3.304%, 11/01/2049		1,500		1,083
Providence St. Joseph Health Obligated Group
5.403%, 10/01/2033		4,000		3,960
Toledo Hospital
5.325%, 11/15/2028		2,500		2,076
4.982%, 11/15/2045		1,000		615
Tower Health
4.451%, 02/01/2050		5,540		2,479

				13,666

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Utilities — 1.6%
Dominion Energy
4.650%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.993%(A)(I)	$	9,000	$	7,764
4.350%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.195%(A)(I)		800		674
Duke Energy
4.875%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.388%(A)(I)		6,100		5,863
NiSource
5.650%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 2.843%(A)(I)		2,500		2,485
Pacific Gas & Electric
3.400%, 08/15/2024		100		97

				16,883

Total Corporate Obligations
(Cost $231,446) ($ Thousands)				200,851


	Shares
PREFERRED STOCK — 4.8%
Communication Services — 0.3%
AT&T
4.750%(I)		137,000		2,896



Consumer Discretionary — 0.1%
Dairy Farmers of America
7.875%*(I)		15,000		1,380



Financials — 4.2%
Allstate
7.375%(I)		10,000		264
4.750%(I)		23,980		521
Arch Capital Group
5.450%(I)		13,693		327
Associated Banc-Corp
5.875%(I)		9,315		150
Capital One Financial
5.000%(I)		71,700		1,413
Citigroup (A)
6.875%, TSFR3M + 4.392%(A)(I)		81,983		2,059
Equitable Holdings
5.250%(I)		25,000		498
4.300%(I)		25,209		418
Fifth Third Bancorp (A)
6.625%, ICE LIBOR USD 3 Month + 3.710%(A)(I)		80,000		1,971


Description	Shares		Market Value ($ Thousands)
PREFERRED STOCK (continued)
Fulton Financial
5.125%(I)		20,189	$	322
Goldman Sachs Group (A)
8.977%, ICE LIBOR USD 3 Month + 3.640%(A)(I)		223,594		5,635
6.166%, ICE LIBOR USD 3 Month + 0.670%(A)(I)		30,599		631
KeyCorp (A)
6.125%, TSFR3M + 4.154%(A)(I)		4,000		81
M&T Bank (A)
5.625%, ICE LIBOR USD 3 Month + 4.020%(A)(I)		12,841		298
MetLife
5.625%(I)		21,291		511
4.750%(I)		191,891		3,988
Morgan Stanley (A)
7.125%, ICE LIBOR USD 3 Month + 4.320%(A)(I)		106,623		2,698
6.875%, ICE LIBOR USD 3 Month + 3.940%(A)(I)		53,657		1,349
5.960%, ICE LIBOR USD 3 Month + 0.700%(A)(I)		161,113		3,396
NY Community Bancorp (A)
6.375%, ICE LIBOR USD 3 Month + 3.821%(A)(I)		110,000		2,397
Regions Financial
6.375%, ICE LIBOR USD 3 Month + 3.536%(A)(I)		2,600		57
5.700%, ICE LIBOR USD 3 Month + 3.148%(A)(I)		16,000		317
4.450%(I)		49,094		806
RenaissanceRe Holdings
4.200%(I)		40,000		713
State Street (A)
5.900%, TSFR3M + 3.370%(A)(I)		126,855		3,136
Stifel Financial
4.500%(I)		37,500		586
Synovus Financial (A)
5.875%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 4.127%(A)(I)		8,489		172
US Bancorp (A)
6.280%, ICE LIBOR USD 3 Month + 1.020%(A)(I)		500		359
5.860%, ICE LIBOR USD 3 Month + 0.600%(A)(I)		10,051		177
Valley National Bancorp (A)
6.250%, ICE LIBOR USD 3 Month + 3.850%(A)(I)		20,903		357
Voya Financial (A)
5.350%, US Treas Yield Curve Rate T Note Const Mat 5 Yr + 3.210%(A)(I)		105,000		2,442

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Continued)


Description	Shares		Market Value ($ Thousands)
PREFERRED STOCK (continued)
Webster Financial
6.500%(I)		36,337	$	761
5.250%(I)		42,731		773
Wells Fargo (A)
7.500%*(I)		1,018		1,147
6.625%, ICE LIBOR USD 3 Month + 3.690%(A)(I)		50,433		1,257
5.850%, ICE LIBOR USD 3 Month + 3.090%(A)(I)		120,000		2,973
5.625%(I)		5,000		113

				45,073

Utilities — 0.2%
Duke Energy
5.750%(I)		8,727		222
Entergy Texas
5.375%(I)		39,700		949
NSTAR Electric
4.780%(I)		10,708		952

				2,123

Total Preferred Stock
(Cost $55,466) ($ Thousands)				51,472


	Face Amount (Thousands)
U.S. TREASURY OBLIGATIONS — 2.0%
United States Treasury Bill
0.000%, 08/17/2023 (K)	$	14,200		14,046

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
0.000%, 08/24/2023 (K)	$	2,600	$	2,569
0.000%, 09/12/2023 (K)		2,200		2,168
0.000%, 09/26/2023 (K)		2,500		2,457

Total U.S. Treasury Obligations
(Cost $21,239) ($ Thousands)				21,240



MORTGAGE-BACKED SECURITY — 0.4%
Real Estate — 0.4%
FHLMC
3.850%, 07/01/2039		4,224		3,821

Total Mortgage-Backed Security

(Cost $3,854) ($ Thousands)				3,821


	Shares
CASH EQUIVALENT — 0.4%
SEI Daily Income Trust, Government Fund, Institutional Class
4.910%**^†		4,193,728		4,194

Total Cash Equivalent
(Cost $4,194) ($ Thousands)				4,194


Total Investments in Securities — 98.8%
(Cost $1,130,277) ($ Thousands)			$	1,051,248

A list of the open futures contracts held by the Fund at May 31, 2023, is as follows:

Type of Contract	Number of Contracts			Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation/ (Depreciation) (Thousands)
Short Contracts
U.S. 10-Year Treasury Note		(47	)		Sep-2023	$	(5,369	)	$	(5,380	)	$	(11	)
U.S. Ultra Long Treasury Bond		(14	)		Sep-2023		(1,885	)		(1,916	)		(31	)
						$	(7,254	)	$	(7,296	)	$	(42	)

		Percentages are based on Net Assets of $1,064,147 ($ Thousands).
	*	Non-income producing security.
	**	The rate reported is the 7-day effective yield as of May 31, 2023.
	^†	Investment in Affiliated Security.
	(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
	(B)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
	(C)	Security 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 May 31, 2023, the value of these securities amounted to $229,068 ($ Thousands), representing 21.5% of the Net Assets of the Fund.
	(D)	Security is in default on interest payment.
	(E)	No interest rate available.
	(F)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.
	(G)	Zero coupon security.
	(H)	Securities are held in connection with a letter of credit issued by a major bank.
	(I)	Perpetual security with no stated maturity date.
	(J)	Level 3 security in accordance with fair value hierarchy.
	(K)	Interest rate represents the security's effective yield at the time of purchase.

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2023

Tax-Advantaged Income Fund (Concluded)

The following is a summary of the level of inputs used as of May 31, 2023, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):
Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)⁽¹⁾		Total ($)
Municipal Bonds		–		769,670		–		769,670
Corporate Obligations		–		195,001		5,850		200,851
Preferred Stock		38,950		12,522		–		51,472
U.S. Treasury Obligations		–		21,240		–		21,240
Mortgage-Backed Security		–		3,821		–		3,821
Cash Equivalent		4,194		–		–		4,194
Total Investments in Securities		43,144		1,002,254		5,850		1,051,248

Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Depreciation		(42	)		–		–		(42	)
Total Other Financial Instruments		(42	)		–		–		(42	)

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

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

The following is a summary of the transactions with affiliates for the period ended May 31, 2023 ($ Thousands):

Security Description

Value

8/31/2022

Purchases

at Cost

Proceeds

from Sales

Realized Gain/

(Loss)

Change in Unrealized Appreciation/ (Depreciation)

Value

5/31/2023

Income

Capital Gains

SEI Daily Income Trust, Government Fund,

Institutional Class

685

50,622

(47,113

)

—

4,194

113

—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

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

(Unaudited)

Portfolio Abbreviations

AGC — Assured Guaranty Corporation

AGM— Assured Guaranty Municipal

AMBAC — American Municipal Bond Assurance Co.

AMT — Alternative Minimum Tax

BAM — Build America Mutual Assurance Corp.

BAN — Bond Anticipation Note

Cl — Class

COP — Certificate of Participation

FHA— Federal Housing Administration

FHLMC — Federal Home Loan Mortgage Corporation

FGIC — Financial Guaranty Insurance Company

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

H15T7Y — US Treasury Yield Curve Rate T Note Constant Maturity 7 Year

LIBOR— London Interbank Offered Rate

MTN — Medium Term Note

NATL — National Public Finance Guarantee Corp.

PSF-GTD — Permanent School Board Loan Fund

Q-SBLF — Qualified State Bond Loan Fund

RB — Revenue Bond

SAB — Special Assessment Bond

Ser— Series

TA — Tax Allocation

TRAN – Tax Revenue Anticipation Note

USD — U.S. Dollar

SEI Tax Exempt Trust

Sei Tax Exempt Trust NPORT-PMassachusetts Municipal Bond Fund (May 2023 report)