Sei Tax Exempt Trust NPORT-P Short Duration Municipal Fund (May 2024 report)

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 99.1%
Alabama — 3.8%
Alabama State, Port Authority, Ser A, AMT, RB, AGM
5.000%, 10/01/2026	$	1,000	$	1,013
Birmingham, Airport Authority, RB, BAM
5.000%, 07/01/2024		325		325
Black Belt, Energy Gas District, RB
4.000%, 06/01/2051 (A)		5,570		5,482
Black Belt, Energy Gas District, Ser A, RB
5.250%, 05/01/2055 (A)		4,550		4,881
Black Belt, Energy Gas District, Ser A-1, RB
4.000%, 12/01/2049 (A)		5,000		4,995
Black Belt, Energy Gas District, Ser B, RB
5.250%, 12/01/2053 (A)		290		310
Black Belt, Energy Gas District, Ser D-1, RB
5.500%, 06/01/2049 (A)		2,500		2,638
Jefferson County, Refunding Warrants, RB
5.000%, 09/15/2029		3,400		3,525
Jefferson County, Sewer Revenue Refunding Warrants, RB
5.250%, 10/01/2040		2,000		2,195
5.250%, 10/01/2043		1,500		1,626
5.000%, 10/01/2032		2,500		2,755
5.000%, 10/01/2038		4,475		4,879
Lower Alabama, Gas District, RB
4.000%, 12/01/2050 (A)		5,000		4,994
Lower Alabama, Gas District, Ser A, RB
5.000%, 09/01/2028		4,800		4,912
5.000%, 09/01/2031		640		666
5.000%, 09/01/2034		2,000		2,096
Southeast Alabama, Energy Authority, Cooperative District, Ser A-1, RB
5.500%, 01/01/2053 (A)		4,920		5,214
5.500%, 11/01/2053 (A)		665		712
Southeast Alabama, Energy Authority, Cooperative District, Ser B-1, RB
5.750%, 04/01/2054 (A)		2,500		2,732
Southeast Alabama, Gas Supply District, Ser A, RB
5.000%, 08/01/2054 (A)		2,000		2,118
Troy University, Ser A, RB, BAM
5.000%, 11/01/2027		645		674
				58,742
Alaska — 0.0%
Northern Alaska, Tobacco Securitization, Ser A, RB
4.000%, 06/01/2036		615		615
Arizona — 2.5%
Arizona State, Board of Regents, Ser S, RB
5.000%, 07/01/2038		5,500		6,192

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Arizona State, Industrial Development Authority, American Charter Schools Foundation Project, RB
6.000%, 07/01/2037 (B)	$	1,705	$	1,755
Arizona State, Industrial Development Authority, Equitable School Project, RB
4.000%, 11/01/2036		4,570		4,530
Arizona State, Industrial Development Authority, Legacy Cares Project, RB
7.750%, 07/01/2050 (B)(C)		3,560		214
Arizona State, Industrial Development Authority, Macombs Facility Project, Ser A-SUSTAIN, RB
4.000%, 07/01/2051		750		647
Arizona State, Industrial Development Authority, Municipal Certificates, Ser 2019-2, RB
3.625%, 05/20/2033		3,208		2,901
Chandler, Industrial Development Authority, AMT, RB
4.000%, 06/01/2049 (A)		1,800		1,784
Glendale, Industrial Development Authority, Inspirata Pointe Project, RB
5.000%, 05/15/2041		500		474
Glendale, Industrial Development Authority, Royal Oaks Life Care Community, RB
4.000%, 05/15/2028		380		366
4.000%, 05/15/2031		500		474
Maricopa County, Industrial Development Authority, Banner Health Project, Ser A, RB
5.000%, 01/01/2031		2,250		2,305
Maricopa County, Industrial Development Authority, Christian Care Surprise Project, RB
5.750%, 01/01/2036 (B)		1,560		1,302
Maricopa County, Industrial Development Authority, Commercial Metals Company Project, AMT, RB
4.000%, 10/15/2047 (B)		305		267
Maricopa County, Industrial Development Authority, Honor Health Project, Ser D, RB
5.000%, 12/01/2038		550		592
Phoenix, Civic Improvement Authority, Junior Lien, RB
5.000%, 07/01/2033		1,000		1,040
Phoenix, Civic Improvement Authority, Junior Lien, Ser A, RB
5.000%, 07/01/2028		600		606
5.000%, 07/01/2030		500		506
5.000%, 07/01/2032		1,095		1,107

SEI Tax Exempt Trust

1

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Phoenix, Civic Improvement Authority, Junior Lien, Ser B, AMT, RB
5.000%, 07/01/2030	$	2,100	$	2,207
Phoenix, Industrial Development Authority, Downtown Phoenix Student Housing, ASU Project, RB
5.000%, 07/01/2029		350		355
5.000%, 07/01/2032		115		116
5.000%, 07/01/2033		355		359
Phoenix, Industrial Development Authority, Mayo Clinic Project, Ser B, RB
2.250%, 11/15/2052 (A)		1,300		1,300
Salt Verde Financial Corp, Gas Revenue, RB
5.000%, 12/01/2032		2,500		2,599
Salt Verde Finanical Corp, Gas Revenue, RB
5.250%, 12/01/2024		1,330		1,336
Tempe, Industrial Development Authority, Friendship Village Project, RB
4.000%, 12/01/2027		355		348
4.000%, 12/01/2028		365		355
4.000%, 12/01/2029		385		372
Tempe, Industrial Development Authority, Mirabella at ASU Project, Ser A, RB
6.000%, 10/01/2037 (B)		1,200		841
5.500%, 10/01/2027 (B)		900		785
				38,035
Arkansas — 0.2%
Arkansas State, University of Central Arkansas, Auxiliary Project, Ser C, RB, AMBAC
6.125%, 04/01/2026		670		688
Arkansas State, University of Central Arkansas, Student Fee Project, Ser B, RB, AMBAC
6.125%, 04/01/2026		670		688
Fort Smith, Water & Sewer Revenue, RB
5.000%, 10/01/2035		1,500		1,579
				2,955
California — 5.1%
Bay Area, Toll Authority, RB
3.660%, 04/01/2056 (A)		1,115		1,093
Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Ser B, AMT, RB
5.000%, 07/01/2035		2,000		2,185
5.000%, 07/01/2036		310		338
California County, Tobacco Securitization Agency, Ser A, RB
5.000%, 06/01/2025		200		202

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.000%, 12/01/2053 (A)	$	565	$	591
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		7,520		7,461
California State, Community Choice Financing Authority, Clean Energy Project, Ser D, RB
5.500%, 05/01/2054 (A)		6,350		6,732
California State, Enterprise Development Authority, M@College Project, Ser A, RB
5.000%, 08/01/2045		370		374
California State, GO
5.000%, 08/01/2026		2,000		2,067
5.000%, 09/01/2028		3,000		3,099
5.000%, 09/01/2029		1,500		1,548
5.000%, 09/01/2030		3,395		3,501
5.000%, 11/01/2042		1,500		1,646
3.000%, 03/01/2046		2,000		1,580
California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser A1, RB
5.000%, 11/01/2027		3,225		3,411
California State, Housing Finance Agency, Certificates, Ser 2021-1, RB
3.500%, 11/20/2035		2,857		2,665
California State, Municipal Finance Authority, Caritas Project, Ser A, RB
4.000%, 08/15/2037		1,055		1,018
California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM
4.000%, 05/15/2034		1,170		1,181
California State, Public Finance Authority, Hoag Memorial Hospital Presbyterian, RB
4.000%, 07/15/2036		370		380
California State, Ser C, GO
5.000%, 09/01/2030		5,015		5,083
Cathedral, Redevelopment Agency, Successor Agency, TA, BAM
4.000%, 08/01/2033		750		754
Foothill-Eastern, Transportation Corridor Agency, Ser C, RB
5.000%, 01/15/2030		190		202
Golden State, Tobacco Securitization Project, Ser A, RB, ST APPROP
Pre-Refunded @ 100
5.000%, 06/01/2025 (D)		3,000		3,050

2

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Golden State, Tobacco Securitization Project, Ser A1, RB
5.000%, 06/01/2026 (E)	$	1,450	$	1,499
Golden State, Tobacco Securitization Project, Ser A1, RB
Pre-Refunded @ 100
5.000%, 06/01/2028 (D)		4,960		5,311
Golden State, Tobacco Securitization Project, Sub-Ser B-2, RB
0.000%, 06/01/2066 (F)		6,375		694
Inland Empire, Tobacco Securitization, Ser E, RB
0.000%, 06/01/2057 (B)(F)		68,900		5,065
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser S, AMT, RB
5.000%, 05/15/2033		535		573
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB
4.000%, 05/15/2037		500		493
Los Angeles, Department of Water & Power, Power System Project, Sub-Ser B3, RB
2.250%, 07/01/2034 (A)		2,000		2,000
Riverside County, Transportation Commission, RB
4.000%, 06/01/2038		1,000		1,001
Sacramento, Airport System Revenue, Ser B, RB
5.000%, 07/01/2033		500		532
Sacramento, Airport System Revenue, Sub-Ser E, RB
5.000%, 07/01/2033		1,000		1,065
San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB
5.000%, 07/01/2024		350		350
San Francisco City & County, Redevelopment Agency Successor Agency, Transbay Infrastructure Projects, TA, AGM
5.000%, 08/01/2048		425		453
San Jose-Evergreen, Community College District, Ser C-ELECTION, GO
4.000%, 09/01/2041		2,600		2,646
Southern California, Water District, Ser A, RB
Pre-Refunded @ 100
5.000%, 07/01/2025 (D)		3,000		3,054
Stockton, Successor Agency, Redevelopment Agency, Ser A, TA, AGM
5.000%, 09/01/2030		1,750		1,802
5.000%, 09/01/2031		1,815		1,870
				78,569

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Colorado — 2.6%
Colorado State, Bridge & Tunnel Enterprise, Ser A, RB, AGM
5.000%, 12/01/2043	$	1,310	$	1,412
Colorado State, Department of Transportation, COP
5.000%, 06/15/2030		350		358
5.000%, 06/15/2031		500		511
Colorado State, Educational & Cultural Facilities Authority, Ascent Classical Academy Project, RB
5.250%, 04/01/2039 (B)		1,000		1,021
Colorado State, Educational & Cultural Facilities Authority, Loveland Classical Schools Project, RB
5.000%, 07/01/2046 (B)		500		483
Colorado State, Health Facilities Authority, Commonspirit Health Project, RB
5.250%, 11/01/2036		1,135		1,250
5.000%, 11/01/2033		875		960
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A, RB
5.000%, 08/01/2034		1,500		1,588
5.000%, 08/01/2037		1,000		1,050
4.000%, 08/01/2038		500		475
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A-, RB
4.000%, 08/01/2044		2,550		2,390
Colorado State, Health Facilities Authority, Covenant Living Communities Project, RB
4.000%, 12/01/2040		205		181
Colorado State, Health Facilities Authority, RB
5.000%, 11/15/2049 (A)		2,265		2,325
Colorado State, Health Facilities Authority, RB
Pre-Refunded @ 100
5.000%, 11/19/2026 (A)(D)		235		242
Colorado State, Health Facilities Authority, Sunbelt Obligated Group Project, RB
5.000%, 11/15/2036 (A)		6,425		6,593
Colorado State, Housing & Finance Authority, Ser K, RB, GNMA
3.875%, 05/01/2050		645		635
Denver City & County, Airport System Revenue Authority, Ser A, AMT, RB
5.000%, 11/15/2030		1,250		1,288
Denver City & County, Airport System Revenue Authority, Ser A, RB
5.000%, 11/15/2031		1,000		1,032

SEI Tax Exempt Trust

3

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Denver City & County, Airport System Revenue Authority, Ser D, AMT, RB
5.500%, 11/15/2032	$	280	$	315
5.500%, 11/15/2033		1,030		1,162
Denver City & County, Airport System Revenue Authority, Sub-Ser A, AMT, RB
5.000%, 12/01/2031		2,000		2,078
Denver, Convention Center Hotel Authority, RB
5.000%, 12/01/2029		400		407
5.000%, 12/01/2031		855		870
5.000%, 12/01/2032		1,200		1,219
5.000%, 12/01/2034		1,000		1,015
5.000%, 12/01/2035		800		811
5.000%, 12/01/2036		600		607
E-470, Public Highway Authority, Ser B, RB
3.928%, 09/01/2039 (A)		610		609
Park Creek, Metropolitan District, Ser A, RB, AGM
4.000%, 12/01/2032		1,000		1,005
Regional Transportation District, Eagle P3 Project, RB
5.000%, 01/15/2029		600		629
5.000%, 07/15/2031		1,200		1,280
5.000%, 07/15/2032		1,020		1,086
University of Colorado, Enterprise Project, RB
2.000%, 06/01/2051 (A)		270		262
Vauxmont Metropolitan District, Sub-Ser, GO, AGM
5.000%, 12/15/2026		220		226
Weld County, School District No. RE-4, GO, ST AID WITHHLDG
5.000%, 12/01/2042		2,000		2,178
				39,553
Connecticut — 1.7%
Connecticut State, Health & Educational Facilities Authority, Covenant Home Project, Ser B, RB
5.000%, 12/01/2036		1,230		1,217
Connecticut State, Health & Educational Facilities Authority, Sacred Heart University Project, RB
5.000%, 07/01/2030		230		246
5.000%, 07/01/2034		900		928
5.000%, 07/01/2036		700		719
Connecticut State, Health & Educational Facilities Authority, Ser A-3-YALE, RB
2.950%, 07/01/2049 (A)		1,335		1,303
Connecticut State, Health & Educational Facilities Authority, Yale University, RB
1.100%, 07/01/2049 (A)		1,420		1,388

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Connecticut State, Housing Finance Authority, RB, GNMA/FNMA/FHLMC
4.000%, 05/15/2047	$	210	$	208
Connecticut State, Ser A, GO
4.000%, 01/15/2036		1,105		1,124
Connecticut State, Ser C, GO
5.000%, 06/15/2026		2,460		2,533
Connecticut State, Ser E, GO
5.000%, 09/15/2029		4,000		4,257
Connecticut State, Special Tax Obligation, Transportation Infrastructure, Ser A, RB
4.000%, 05/01/2036		1,300		1,327
University of Connecticut, Ser A, RB
5.000%, 05/01/2037		5,500		6,081
5.000%, 05/01/2038		4,740		5,208
				26,539
District of Columbia — 0.8%
District of Columbia, Ser A, RB
5.000%, 07/01/2041		4,000		4,343
Metropolitan Washington, Airports Authority, Sub-Ser, RB
4.000%, 10/01/2035		1,000		1,005
Metropolitan Washington, Transit Authority, Ser A, RB
4.000%, 07/15/2039		3,000		2,969
Metropolitan Washington, Transit Authority, Ser S, RB
5.000%, 07/15/2040		3,250		3,555
				11,872
Florida — 5.6%
Alachua County, Health Facilities Authority, RB
5.000%, 12/01/2037 (A)		4,000		4,065
Broward County, Airport System Revenue, AMT, RB
5.000%, 10/01/2034		1,300		1,337
5.000%, 10/01/2035		2,000		2,056
Capital Projects Finance Authority, Florida University Project, Ser A-1, RB
5.000%, 10/01/2027		365		369
Central Florida, Expressway Authority, Ser D, RB, AGM
5.000%, 07/01/2035		1,500		1,640
Escambia County, Health Facilities Authority, RB
4.000%, 08/15/2045		640		562
4.000%, 08/15/2050		1,900		1,621
Florida State, Capital Trust Agency, University Bridge, Student Housing Project, RB
5.250%, 12/01/2043 (B)		3,000		2,957

4

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Florida State, Development Finance, AMT, RB
8.250%, 07/01/2057 (A)(B)	$	1,600	$	1,646
Florida State, Development Finance, Brightline Project, AMT, RB
12.000%, 07/15/2032 (A)(B)		3,465		3,604
5.500%, 07/01/2053		2,075		2,156
Florida State, Development Finance, Brightline Project, AMT, RB, AGM
5.250%, 07/01/2053		3,625		3,737
Florida State, Development Finance, Nova Southern University Project, RB
5.000%, 04/01/2026		285		290
5.000%, 04/01/2027		325		336
Florida State, Higher Educational Facilities Financial Authority, Ringling College Project, RB
5.000%, 03/01/2037		1,295		1,316
Florida State, Municipal Power Agency, All Requirements Power Project, RB
5.000%, 10/01/2028		1,000		1,015
Florida State, Municipal Power Agency, Ser A, RB
5.000%, 10/01/2030		2,945		3,015
Florida State, Sunshine Skyway Bridge, Ser A, RB
4.000%, 07/01/2033		2,930		2,943
Hillsborough County, Solid Waste & Resource Recovery Revenue, Ser A, AMT, RB
5.000%, 09/01/2031		3,695		3,746
JEA Electric System Revenue, Ser Three, RB
5.000%, 10/01/2034		4,870		5,259
5.000%, 10/01/2035		3,000		3,208
JEA Water & Sewer System Revenue, Ser A, RB
5.000%, 10/01/2035		1,000		1,090
Miami-Dade County, Aviation Revenue, Ser A, AMT, RB
5.000%, 10/01/2033		2,000		2,002
Miami-Dade County, Educational Facilities Authority, University of Miami Project, Ser A, RB
5.000%, 04/01/2030		430		433
5.000%, 04/01/2031		910		915
Miami-Dade County, Seaport Department, Ser A, AMT, RB
5.000%, 10/01/2038		440		465
Miami-Dade County, Water & Sewer System Revenue, RB
4.000%, 10/01/2034		1,750		1,781
Miami-Dade County, Water & Sewer System Revenue, Ser B, RB
5.000%, 10/01/2041		2,500		2,752

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Orange County, Convention Center, RB
5.000%, 10/01/2024	$	310	$	311
5.000%, 10/01/2026		755		768
Orange County, Tourist Development Tax Revenue, Ser B, RB
5.000%, 10/01/2032		3,270		3,355
Orlando, Utilities Commission, Ser ES, RB
5.000%, 10/01/2036		3,500		3,654
Osceola County, Transportation Revenue, Ser A-2, RB
0.000%, 10/01/2025 (F)		125		118
0.000%, 10/01/2026 (F)		275		248
0.000%, 10/01/2027 (F)		360		311
Palm Beach County, Health Facilities Authority, Retirement Life Community Project, RB
5.000%, 11/15/2032		5,850		6,013
Pompano Beach, RB
1.450%, 01/01/2027		295		279
Port Saint Lucie, Utility System Revenue, RB
5.000%, 09/01/2029		1,500		1,541
Saint Johns County, Industrial Development Authority, Vicars Landing Project, RB
4.000%, 12/15/2046		305		230
Seminole County, Industrial Development Authority, Legacy Pointe at UCF Project, RB
5.250%, 11/15/2039		3,660		3,290
South Miami, Health Facilities Authority, Baptist Health South Florida, RB
5.000%, 08/15/2031		3,000		3,102
St. Johns County, School Board, Ser A, COP, AGM
5.000%, 07/01/2041		1,600		1,735
Tampa, Cigarette Tax Allocation, Ser A, RB
0.000%, 09/01/2036 (F)		305		176
The Villages, Community Development District No. 13, Wildwood, SAB
3.000%, 05/01/2029		950		903
1.800%, 05/01/2026		235		226
The Villages, Community Development District No. 14, Leesburg, SAB
5.125%, 05/01/2037		1,200		1,246
4.750%, 05/01/2032		190		195
Volusia County, Educational Facility Authority, Embry-Riddle Aeronautical University Project, RB
5.000%, 10/15/2026		755		774
4.000%, 10/15/2035		270		271
Wildwood, Utility Dependent District, South Sumter Utility Project, RB, BAM
5.000%, 10/01/2035		550		606
				85,668

SEI Tax Exempt Trust

5

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Georgia — 2.5%
Appling County, Development Authority, Oglethorpe Power, Hatch Project, RB
1.500%, 01/01/2038 (A)	$	300	$	292
Atlanta, Department of Aviation, Ser B, AMT, RB
5.000%, 07/01/2035		1,500		1,625
5.000%, 07/01/2036		1,000		1,081
Atlanta, Water & Wastewater Revenue Authority, RB
Pre-Refunded @ 100
5.000%, 05/01/2025 (D)		5,010		5,078
Bartow County, Development Authority, RB
3.950%, 12/01/2032 (A)		930		938
Burke County, Development Authority, Oglethorpe Power, Hatch Project, RB
1.500%, 01/01/2040 (A)		785		763
Fulton County, Development Authority, RB
5.000%, 04/01/2033		1,000		1,030
Gainesville & Hall County, Hospital Authority, RB
3.000%, 02/15/2051		1,200		871
George L Smith II, Georgia World Congress Center Authority, Convention Center Hotel, RB
5.000%, 01/01/2036 (B)		710		693
4.000%, 01/01/2054		1,000		851
Georgia State, Main Street Natural Gas, Ser A, RB
5.000%, 05/01/2054 (A)		880		930
Georgia State, Main Street Natural Gas, Ser A1, RB
5.500%, 09/15/2028		1,915		1,975
Georgia State, Main Street Natural Gas, Ser B, RB
5.000%, 07/01/2053 (A)		1,705		1,791
4.000%, 08/01/2049 (A)		3,000		2,999
Georgia State, Main Street Natural Gas, Ser C, RB
5.000%, 09/01/2053 (A)		1,665		1,748
4.000%, 03/01/2050 (A)		6,640		6,641
4.000%, 05/01/2052 (A)		2,000		1,997
Georgia State, Main Street Natural Gas, Ser E-1, RB
5.000%, 12/01/2053 (A)		1,225		1,291
Georgia State, Municipal Electric Authority, Combined Cycle Project, RB
5.000%, 11/01/2027		710		738
Georgia State, Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project, RB
5.000%, 01/01/2032		1,025		1,070
5.000%, 01/01/2035		1,500		1,565

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Georgia State, Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project, RB, AGM
4.000%, 01/01/2038	$	585	$	585
4.000%, 01/01/2041		650		633
4.000%, 01/01/2046		500		465
Monroe County, Development Authority, Georgie Power Company Project, Plant Scherer, RB
3.875%, 10/01/2048 (A)		260		260
1.000%, 07/01/2049 (A)		730		663
				38,573
Guam — 0.3%
Guam, Power Authority, Ser A, RB
5.000%, 10/01/2032		2,000		2,122
5.000%, 10/01/2033		2,205		2,340
				4,462
Hawaii — 0.2%
Hawaii State, Airports System Revenue, Ser A, AMT, RB
5.000%, 07/01/2032		3,000		3,109
Idaho — 0.3%
Idaho State, Health Facilities Authority, St. Luke's Health System Project, RB
5.000%, 03/01/2030		500		533
5.000%, 03/01/2031		320		345
5.000%, 03/01/2032		500		542
4.000%, 03/01/2033		575		569
Idaho State, Housing & Finance Association, Single Family Mortgage, Ser C, RB, GNMA/FNMA/FHLMC
5.750%, 01/01/2053		2,495		2,651
				4,640
Illinois — 10.9%
Champaign County, Community Unit School District No. 4 Champaign, Ser A, GO
0.000%, 01/01/2025 (F)		325		317
Chicago Midway International Airport, Senior Lien Airport Revenue Refunding Bonds, Ser C, AMT, RB
5.000%, 01/01/2040		2,000		2,094
5.000%, 01/01/2041		500		522
Chicago, Board of Education, Dedicated Capital Improvement, RB
5.250%, 04/01/2035		380		423
5.250%, 04/01/2036		645		714
5.000%, 04/01/2033		500		512
5.000%, 04/01/2034		620		635
5.000%, 04/01/2036		445		454

6

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Chicago, Board of Education, Ser A, GO
5.000%, 12/01/2032	$	1,435	$	1,503
4.000%, 12/01/2047		530		459
Chicago, Board of Education, Ser B, GO
5.000%, 12/01/2027		650		668
5.000%, 12/01/2028		100		104
Chicago, Board of Education, Ser D, GO
5.000%, 12/01/2031		1,000		1,026
5.000%, 12/01/2046		640		632
Chicago, O'Hare International Airport, AMT, RB
5.000%, 01/01/2036		1,040		1,111
Chicago, O'Hare International Airport, RB, AGM
5.000%, 01/01/2038		1,890		2,060
Chicago, O'Hare International Airport, RB, BAM
5.000%, 01/01/2035		1,515		1,662
5.000%, 01/01/2037		1,130		1,232
Chicago, O'Hare International Airport, Ser A, AMT, RB
5.000%, 01/01/2029		5,000		5,017
5.000%, 01/01/2036		1,290		1,332
5.000%, 07/01/2038		1,500		1,513
Chicago, O'Hare International Airport, Ser B, RB
5.000%, 01/01/2030		4,000		4,021
5.000%, 01/01/2033		7,130		7,209
5.000%, 01/01/2035		3,500		3,556
Chicago, O'Hare International Airport, Ser C, RB
5.000%, 01/01/2031		2,450		2,495
Chicago, Ser A, GO
5.500%, 01/01/2035		3,020		3,225
4.000%, 01/01/2036		5,550		5,508
Chicago, Ser C, GO
5.000%, 01/01/2026		1,130		1,147
Chicago, Transit Authority, RB
5.000%, 12/01/2046		1,500		1,513
Chicago, Transit Authority, Ser A, RB
5.000%, 12/01/2045		550		559
Chicago, Wastewater Transmission Revenue, RB, BAM
5.000%, 01/01/2041		305		331
5.000%, 01/01/2042		1,750		1,899
Chicago, Waterworks Revenue, RB
5.000%, 11/01/2026		1,820		1,874
Chicago, Waterworks Revenue, Ser 2017-2, RB, AGM
5.000%, 11/01/2035		5,000		5,202

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Chicago, Waterworks Revenue, Ser B, RB, AGM
5.000%, 11/01/2037	$	470	$	512
5.000%, 11/01/2038		1,150		1,246
Cook County, Community College District No. 508, GO, BAM
5.000%, 12/01/2038		100		107
5.000%, 12/01/2039		800		854
Cook County, Ser A, GO
5.000%, 11/15/2033		450		487
Cook County, Tax Revenue Authority, RB
5.000%, 11/15/2035		4,000		4,129
Cook County, Tax Revenue Authority, Ser A, RB
5.000%, 11/15/2031		560		604
Illinois State, Finance Authority, Ascension Health Alliance, RB
4.000%, 02/15/2041		2,145		2,078
Illinois State, Finance Authority, Chicago International Charter School Project, RB
5.000%, 12/01/2037		1,500		1,516
Illinois State, Finance Authority, Health Care System Project, RB
5.000%, 05/15/2050 (A)		605		605
Illinois State, Finance Authority, Health Care System Project, Ser A, RB
5.000%, 11/15/2029		1,885		1,907
Illinois State, Finance Authority, Northshore - Edward-Elhmhurst Health Credit Group, Ser A, RB
5.000%, 08/15/2047		3,265		3,414
Illinois State, Finance Authority, University Medical Center Project, Ser A, RB
5.000%, 11/15/2033		1,050		1,056
Illinois State, Finance Authority, University Medical Center Project, Ser B, RB
5.000%, 11/15/2034		2,000		2,011
Illinois State, Finance Authority, University of Chicago Project, Ser A, RB
5.250%, 04/01/2045		1,550		1,702
Illinois State, Finance Authority, University of Illinois Chicago Project, RB
5.000%, 02/15/2026		500		502
5.000%, 02/15/2027		200		202
5.000%, 02/15/2029		400		404
5.000%, 02/15/2031		365		369
Illinois State, GO
5.500%, 05/01/2030		3,750		3,957
5.250%, 02/01/2030		1,875		1,879
5.250%, 02/01/2032		935		936
5.000%, 11/01/2036		2,970		3,014

SEI Tax Exempt Trust

7

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Housing Development Authority, Homeowner Mortgage, Ser C, RB
3.500%, 08/01/2046	$	620	$	611
Illinois State, Housing Development Authority, Ser D, RB, GNMA/FNMA/FHLMC
5.500%, 10/01/2053		1,380		1,444
Illinois State, Housing Development Authority, Ser H, RB, FNMA/GNMA/FHLMC
5.750%, 10/01/2053		395		415
Illinois State, Housing Development Authority, Ser K, RB, FNMA/GNMA/FHLMC
5.250%, 10/01/2043		1,200		1,239
4.950%, 10/01/2038		1,100		1,134
Illinois State, Municipal Electric Agency, Ser A, RB
5.000%, 02/01/2032		5,000		5,046
4.000%, 02/01/2035		3,000		2,851
Illinois State, Rebuild Illinois Program, Ser B, GO
4.000%, 11/01/2035		2,800		2,779
Illinois State, Regional Transportation Authority, RB, NATL
6.500%, 07/01/2030		1,500		1,686
Illinois State, Regional Transportation Authority, Ser A, RB, NATL
6.000%, 07/01/2031		1,000		1,123
Illinois State, Ser A, GO
5.500%, 03/01/2042		670		732
5.000%, 03/01/2029		895		943
5.000%, 12/01/2034		780		807
Illinois State, Ser A, RB, BAM
5.000%, 06/15/2028		2,000		2,102
Illinois State, Ser B, GO
5.000%, 03/01/2031		2,000		2,153
4.000%, 10/01/2035		4,020		3,991
Illinois State, Ser C, GO
5.000%, 12/01/2042		2,850		3,032
4.000%, 10/01/2037		215		211
Illinois State, Ser D, GO
5.000%, 11/01/2025		1,585		1,611
5.000%, 11/01/2028		1,000		1,036
Illinois State, Sports Facilities Authority, RB, BAM
5.000%, 06/15/2029		1,500		1,574
Illinois State, Toll Highway Authority, Ser A, RB
5.250%, 01/01/2043		3,090		3,367
5.250%, 01/01/2045		1,910		2,056
5.000%, 12/01/2032		2,000		2,027
5.000%, 01/01/2038		340		382
Kane County, School District No. 131 Aurora East Side, Ser B, GO, AGM
5.000%, 12/01/2026		815		839

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Kendall Kane & Will Counties, School District No. 308, Ser A, GO, AGM
5.000%, 02/01/2027	$	1,055	$	1,091
Metropolitan Chicago, Water Reclamation District, Ser A, GO
5.000%, 12/01/2031		775		797
Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, RB
5.000%, 12/15/2031		250		259
5.000%, 12/15/2032		255		264
5.000%, 12/15/2033		300		310
5.000%, 12/15/2034		400		413
4.000%, 12/15/2042		1,895		1,811
4.000%, 12/15/2047		4,265		3,884
Railsplitter, Tobacco Settlement Authority, RB
Pre-Refunded @ 100
5.000%, 06/01/2026 (D)		2,500		2,562
Sales Tax Securitization, RB
5.000%, 01/01/2034		2,500		2,766
Sales Tax Securitization, Ser A, RB
5.000%, 01/01/2026		360		367
5.000%, 01/01/2028		380		399
5.000%, 01/01/2033		3,000		3,326
5.000%, 01/01/2036		3,750		3,984
5.000%, 01/01/2037		1,000		1,039
Sales Tax Securitization, Ser A, RB, BAM
5.000%, 01/01/2037		200		212
Sales Tax Securitization, Ser C, RB
5.000%, 01/01/2037		635		679
University of Illinois, Ser A, RB
5.000%, 04/01/2028		2,035		2,038
				167,412
Indiana — 1.4%
Indiana State, Finance Authority, CHF - Tippecanoe, LLC, Student Housing Project, RB
5.000%, 06/01/2038		200		207
Indiana State, Finance Authority, Stadium Project, Ser A, RB
5.250%, 02/01/2035		2,000		2,030
Indiana State, Finance Authority, Wastewater Utility Revenue, CWA Authority Project, Ser S, RB
5.000%, 10/01/2032		4,025		4,457
4.000%, 10/01/2035		2,725		2,780
4.000%, 10/01/2036		1,485		1,501
Indiana State, Finance Authority, Water Utility Revenue, Citizens Energy Group Project, RB
5.000%, 10/01/2035		2,585		2,897

8

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Indiana State, Housing & Community Development Authority, Ser B-1, RB, GNMA
3.250%, 07/01/2049	$	290	$	283
Indianapolis, Local Public Improvement Bond Bank, Indiana Convention Center Hotel, RB
5.500%, 03/01/2038		1,400		1,526
Northwest, Allen School Building, RB, ST INTERCEPT
5.000%, 07/15/2037		460		504
5.000%, 07/15/2041		400		431
Richmond, Hospital Authority, Reid Hospital Project, RB
5.000%, 01/01/2035		3,400		3,404
Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB
4.400%, 11/01/2045 (A)		1,000		989
				21,009
Iowa — 0.4%
Iowa State, Finance Authority, Iowa Fertilizer Company Project, RB
5.000%, 12/01/2050		2,515		2,624
Iowa State, Finance Authority, Ser A, RB, GNMA/FNMA/FHLMC
5.250%, 07/01/2053		1,000		1,029
Iowa State, Tobacco Settlement Authority, Ser A-2, RB
4.000%, 06/01/2035		1,075		1,080
Iowa State, Tobacco Settlement Authority, Sub-Ser B-1, RB
4.000%, 06/01/2049		525		510
PEFA, Gas Project Revenue, RB
5.000%, 09/01/2049 (A)		1,000		1,018
				6,261
Kansas — 0.0%
Wyandotte County, Kansas City Sales Tax, Vacation Village Project, RB
5.000%, 09/01/2027		555		538
Kentucky — 0.7%
Kentucky State, Public Energy Authority, Ser A, RB
4.000%, 12/01/2050 (A)		1,775		1,770
Kentucky State, Public Energy Authority, Ser A-1, RB
5.250%, 04/01/2054 (A)		2,250		2,396
4.000%, 08/01/2052 (A)		2,945		2,903
Kentucky State, Public Energy Authority, Ser B, RB
4.000%, 01/01/2049 (A)		2,500		2,499

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Louisville & Jefferson County, Metropolitan Government & Health System, RB
5.000%, 10/01/2047 (A)	$	1,175	$	1,196
				10,764
Louisiana — 1.2%
Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB
4.238%, 05/01/2043 (A)		385		378
Louisiana State, Public Facilities Authority, Lincoln Preparatory School Project, Ser A, RB
6.125%, 06/01/2037 (B)		400		403
Louisiana State, Public Facilities Authority, Tulane University Project, Ser A, RB
5.000%, 12/15/2030		3,000		3,093
New Orleans, Aviation Board, Consolidated Rental Car Facility Project, RB, AGM
5.000%, 01/01/2031		1,260		1,324
5.000%, 10/01/2036		1,550		1,617
New Orleans, Aviation Board, General North Terminal Project, Ser B, AMT, RB, AGM
5.000%, 01/01/2028		3,000		3,009
5.000%, 01/01/2032		2,100		2,108
5.000%, 01/01/2033		2,100		2,107
New Orleans, Regional Transit Authority, Ser A, RB, AGM
5.000%, 01/01/2027		515		534
St. John the Baptist Parish, Marathon Oil Project, RB
2.200%, 06/01/2037 (A)		1,000		949
2.100%, 06/01/2037 (A)		2,750		2,743
St. John the Baptist Parish, Marathon Oil Project, Sub-Ser, RB
2.375%, 06/01/2037 (A)		590		562
				18,827
Maine — 0.0%
Maine State, Health & Higher Educational Facilities Authority, Ser A, RB, AGM
4.000%, 07/01/2035		195		195
4.000%, 07/01/2037		265		264
				459
Maryland — 0.8%
Maryland State, Community Development Administration, Ser C, RB
3.500%, 03/01/2050		355		347
Maryland State, Community Development Administration, Ser C, RB, GNMA/FNMA/FHLMC
4.375%, 09/01/2043		710		698

SEI Tax Exempt Trust

9

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Maryland State, Department of Transportation, RB
4.000%, 10/01/2032	$	1,500	$	1,511
Maryland State, Health & Higher Educational Facilities Authority, Adventist HealthCare, RB
5.500%, 01/01/2036		2,000		2,048
Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical System, Ser B, RB
5.000%, 07/01/2032		5,000		5,161
Prince George's County, Episcopal Life Project, RB
5.000%, 04/01/2031		2,000		1,982
				11,747
Massachusetts — 2.6%
Massachusetts State, Development Finance Agency, Caregroup, Ser H, RB
5.000%, 07/01/2025		415		420
Massachusetts State, Development Finance Agency, Childrens Hospital Project, RB, TD BANK N.A.
2.600%, 03/01/2048 (A)(G)		1,750		1,750
Massachusetts State, Development Finance Agency, Milford Regional Medical Center Project, Ser S, RB
5.000%, 07/15/2025 (B)		120		119
Massachusetts State, Development Finance Agency, Northeastern University, RB
5.000%, 10/01/2028		300		320
5.000%, 10/01/2029		250		271
Massachusetts State, Development Finance Agency, Partners Health Care System, RB
3.960%, 07/01/2049 (A)(B)		550		548
Massachusetts State, Development Finance Agency, Ser B, RB
4.000%, 02/15/2036		2,500		2,683
Massachusetts State, Development Finance Agency, Suffolk University Project, RB
5.000%, 07/01/2035		150		153
Massachusetts State, Development Finance Agency, UMass Student Housing Project, RB
5.000%, 10/01/2026		2,225		2,276
5.000%, 10/01/2027		2,965		3,038
Massachusetts State, Educational Financing Authority, AMT, RB
5.000%, 01/01/2025		1,000		1,005
5.000%, 07/01/2030		1,125		1,162
5.000%, 07/01/2031		1,500		1,559

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	$	934
5.000%, 07/01/2028		1,750		1,786
5.000%, 07/01/2029		1,925		1,977
Massachusetts State, Port Authority, Bosfuel Project, Ser A, AMT, RB
5.000%, 07/01/2030		1,330		1,393
Massachusetts State, Port Authority, Ser A, AMT, RB
5.000%, 07/01/2029		1,855		1,905
Massachusetts State, Port Authority, Ser A, RB
5.000%, 07/01/2031		1,250		1,269
Massachusetts State, School Building Authority, Ser C, RB
5.000%, 08/15/2029		1,370		1,392
Massachusetts State, Ser A, GO
5.000%, 01/01/2037		2,500		2,665
Massachusetts State, Ser D, GO
4.000%, 05/01/2034		6,500		6,595
Massachusetts State, Transportation Fund Revenue, Rail Enhancement & Accelerated Program, RB
5.000%, 06/01/2037		1,050		1,051
Massachusetts State, Transportation Trust Fund, Metropolitan Highway System Revenue, Ser A, RB
5.000%, 01/01/2034		3,000		3,225
				39,496
Michigan — 2.1%
Gerald R Ford International Airport Authority, AMT, RB
5.000%, 01/01/2040		1,245		1,344
Great Lakes, Water Authority, Sewage Disposal System, RB
5.000%, 07/01/2038		1,750		1,946
Great Lakes, Water Authority, Water Supply System, Ser A, RB
5.000%, 07/01/2037		430		482
Great Lakes, Water Authority, Water Supply System, Ser C, RB
5.000%, 07/01/2031		3,665		3,756
Great Lakes, Water Authority, Water Supply System, Ser D, RB
5.000%, 07/01/2036		5,000		5,099
Imlay, Community Schools, Ser I, GO, Q-SBLF
5.000%, 05/01/2029		420		455
Michigan State, Finance Authority, Beaumont-Spectrum Consolidation, RB
5.000%, 04/15/2033		3,610		3,955

10

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Michigan State, Finance Authority, Hospital Trinity Health Credit, RB
5.000%, 12/01/2034	$	2,000	$	2,070
Michigan State, Finance Authority, McLaren Health Care, RB
0.750%, 10/15/2025		235		225
Michigan State, Finance Authority, RB
5.250%, 02/28/2041		450		482
5.250%, 02/28/2042		2,200		2,346
5.250%, 02/28/2043		800		851
4.125%, 02/29/2044		600		572
Michigan State, Hospital Finance Authority, Ascension Health Care Project, Ser Senior CR, RB
5.000%, 11/15/2047		345		357
Michigan State, Housing Development Authority, Ser B, RB
5.750%, 06/01/2054		2,125		2,237
3.750%, 06/01/2050		155		152
Michigan State, Strategic Fund, I-75 Improvement Project, AMT, RB
5.000%, 12/31/2031		3,500		3,580
Wayne County, Airport Authority, Ser D, RB
5.000%, 12/01/2030		1,300		1,318
5.000%, 12/01/2031		1,800		1,825
				33,052
Minnesota — 1.0%
Apple Valley, Senior Living Project, RB
5.500%, 01/01/2029		1,320		1,275
5.500%, 01/01/2031		1,085		1,032
5.250%, 01/01/2037		475		346
Cass Lake-Bena, Independent School District No. 115, Ser A, GO, SD CRED PROG
4.000%, 02/01/2040		2,395		2,393
4.000%, 02/01/2041		1,910		1,900
Duluth, Independent School District No. 709, Ser A, COP, SD CRED PROG
5.000%, 02/01/2025		500		504
Minneapolis & St. Paul, Metropolitan Airports Commission, Ser C, RB
5.000%, 01/01/2029		300		311
5.000%, 01/01/2031		300		311
Minneapolis & St. Paul, Metropolitan Airports Commission, Sub-Ser B, AMT, RB
4.000%, 01/01/2038		915		888
Minneapolis, Fairview Health Services, Ser A, RB
5.000%, 11/15/2035		2,845		2,931
Minnesota Agricultural & Economic Development Board, RB
5.000%, 01/01/2037		1,530		1,704

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Minnesota State, Higher Education Facilities Authority, St. Olaf College, RB
3.000%, 10/01/2038	$	250	$	210
3.000%, 10/01/2041		1,000		804
Minnesota State, Municipal Power Agency, Ser A, RB
5.000%, 10/01/2027		600		602
				15,211
Mississippi — 0.1%
Mississippi State, Ser A, RB
5.000%, 10/15/2029		300		312
5.000%, 10/15/2030		850		881
Mississippi State, Ser E, RB
5.000%, 10/15/2029		1,000		1,009
				2,202
Missouri — 0.9%
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		3,012
Missouri State, Health & Educational Facilities Authority, Mercy Health, RB
4.000%, 06/01/2053		2,000		1,859
Missouri State, Health & Educational Facilities Authority, Saint Lukes Health System, RB
5.000%, 11/15/2028		1,000		1,025
Missouri State, Health & Educational Facilities Authority, SSM Health Care Project, Ser A, RB
5.000%, 06/01/2032		720		796
Missouri State, Housing Development Commission, RB, GNMA/FNMA/FHLMC
3.875%, 05/01/2050		615		605
Missouri State, Joint Municipal Electric Utility Commission, Plum Point Project, Ser A, RB
5.000%, 01/01/2029		2,000		2,009
St Louis, Airport Revenue, St. Louis Lambert International Airport, AMT, RB
5.000%, 07/01/2032		595		623
5.000%, 07/01/2033		625		654
St Louis, Industrial Development Authority, Confluence Academy Project, RB
5.500%, 06/15/2042 (B)		2,350		2,200
				13,784

SEI Tax Exempt Trust

11

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Nebraska — 1.1%
Central Plains, Energy Project, Ser A, RB
5.000%, 09/01/2036	$	4,860	$	5,082
5.000%, 09/01/2042		730		756
5.000%, 05/01/2054 (A)		1,020		1,063
Nebraska State, Investment Finance Authority, Ser G, RB, GNMA/FNMA/FHLMC
5.150%, 09/01/2043		1,100		1,133
4.950%, 09/01/2038		550		576
Nebraska State, Public Power Generation Agency, Whelan Energy Center, RB
5.000%, 01/01/2030		5,500		5,533
Omaha, Public Power District, Ser A, RB
5.000%, 02/01/2041		1,700		1,835
Washington County, Waste Water Authority, AMT, RB
0.900%, 09/01/2030 (A)		700		674
				16,652
Nevada — 0.7%
Clark County, School District, Ser A, GO
5.000%, 06/15/2039		2,115		2,302
Clark County, Stadium Improvement, Ser A, GO
5.000%, 06/01/2043		2,500		2,597
Las Vegas Valley, Water District, Ser A, GO
5.000%, 06/01/2046		2,000		2,034
Las Vegas, Convention & Visitors Authority, Ser B, RB
5.000%, 07/01/2024		200		200
Las Vegas, Convention & Visitors Authority, Ser C, RB
5.000%, 07/01/2030		525		525
Nevada State, Department of Business & Industry, Brightline West Passenger Rail Project, AMT, RB
8.125%, 01/01/2050 (A)(B)		1,950		2,015
Reno, Sales Tax Revenue, First Lien, RB
5.000%, 06/01/2037		590		615
Reno, Sales Tax Revenue, Second Lien, RB, AGM
5.000%, 06/01/2033		400		420
				10,708
New Hampshire — 0.0%
New Hampshire State, National Finance Authority, Springpoints Senior Living Project, RB
4.000%, 01/01/2029		300		290
4.000%, 01/01/2030		285		274
4.000%, 01/01/2031		290		278
				842

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey — 3.7%
New Jersey State, COVID-19 Emergency Bonds, GO
4.000%, 06/01/2031	$	1,000	$	1,036
4.000%, 06/01/2032		3,070		3,190
New Jersey State, Economic Development Authority, Continental Airlines Project, AMT, RB
5.625%, 11/15/2030		1,160		1,170
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
5.000%, 06/01/2027		995		1,032
5.000%, 06/01/2037		1,225		1,259
New Jersey State, Educational Facilities Authority, Montclair State University, RB, AGM
5.000%, 07/01/2037		810		911
New Jersey State, Health Care Facilities Financing Authority, Greystone Services, RB
5.000%, 09/15/2033		1,200		1,324
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
5.000%, 07/01/2036		2,250		2,317
New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB
5.000%, 07/01/2033		2,590		2,747
New Jersey State, Higher Education Student Assistance Authority, Ser A, AMT, RB
5.000%, 12/01/2030		1,400		1,460
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2028		1,450		1,483
New Jersey State, Tobacco Settlement Financing, Ser A, RB
5.000%, 06/01/2035		10,000		10,490
New Jersey State, Transportation Trust Fund Authority, Federal Highway Reimbursement Notes, RB
5.000%, 06/15/2028		2,000		2,045
5.000%, 06/15/2029		3,500		3,579
New Jersey State, Transportation Trust Fund Authority, RB
5.250%, 06/15/2039		2,500		2,758
5.000%, 06/15/2038		2,000		2,181
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
5.000%, 06/15/2038		255		279

12

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Transportation Trust Fund Authority, Ser AA, RB
5.000%, 06/15/2038	$	1,250	$	1,369
New Jersey State, Transportation Trust Fund Authority, Ser BB, RB
5.000%, 06/15/2038		3,000		3,297
New Jersey State, Transportation Trust Fund Authority, Ser S, RB
5.000%, 06/15/2032		1,250		1,315
New Jersey State, Turnpike Authority, Ser A, RB
5.000%, 01/01/2033		2,230		2,301
5.000%, 01/01/2034		330		373
New Jersey State, Turnpike Authority, Ser C, RB
5.000%, 01/01/2042		1,015		1,091
New Jersey State, Turnpike Authority, Ser E, RB
5.000%, 01/01/2031		1,250		1,310
5.000%, 01/01/2032		4,000		4,188
Newark, Board of Education, GO, BAM
5.000%, 07/15/2026		525		539
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		592
5.000%, 01/01/2036		570		590
				56,963
New Mexico — 0.0%
Santa Fe, Retirement Facilities Revenue, El Castillo Retirement Project, RB
5.000%, 05/15/2034		650		650
New York — 7.8%
Build NYC Resource, Kipp Public School, Canal West Project, RB
5.000%, 07/01/2029		450		468
5.000%, 07/01/2031		525		553
Long Island, Power Authority, Ser A, RB
4.000%, 09/01/2037		1,980		2,033
Long Island, Power Authority, Ser B, RB
0.850%, 09/01/2050 (A)		1,500		1,434
Metropolitan New York, Transportation Authority, Ser A-2, RB
5.000%, 11/15/2045 (A)		500		531
Metropolitan New York, Transportation Authority, Ser C-1, RB
5.000%, 11/15/2031		4,000		4,195
4.000%, 11/15/2032		1,500		1,501
Metropolitan New York, Transportation Authority, Ser D, RB
5.000%, 11/15/2030		1,000		1,031

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Metropolitan New York, Transportation Authority, Ser D-1, RB
5.000%, 11/15/2029	$	1,000	$	1,018
Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB
5.000%, 07/01/2028		1,325		1,385
Nassau County, Local Economic Assistance, Catholic Health Services of Long Island Project, RB
5.000%, 07/01/2029		1,000		1,000
New York & New Jersey, Port Authority, AMT, RB
5.000%, 09/01/2035		5,000		5,227
5.000%, 01/15/2036		1,000		1,076
5.000%, 08/01/2039		605		641
New York City, Housing Development Authority, RB, FHA
4.600%, 08/01/2048		1,090		1,078
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
3.000%, 01/01/2033		330		302
3.000%, 01/01/2034		740		672
New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM
5.000%, 03/01/2028		110		115
5.000%, 03/01/2030		100		108
New York City, Ser A-1, GO
5.000%, 08/01/2026		465		480
4.000%, 08/01/2037		4,000		4,047
New York City, Ser C, GO
4.000%, 08/01/2036		2,750		2,796
New York City, Ser F-1, GO
4.000%, 03/01/2038		1,695		1,699
New York City, Sub-Ser B, GO
5.250%, 10/01/2041		6,240		6,894
5.000%, 10/01/2033		280		312
New York City, Transitional Finance Authority, Building Aid Revenue, Sub-Ser S1A, RB, ST AID WITHHLDG
5.000%, 07/15/2035		1,650		1,775
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser B-1, RB
4.000%, 11/01/2043		2,500		2,426
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser D-S, RB
4.000%, 11/01/2035		185		190

SEI Tax Exempt Trust

13

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser F-1, RB
4.000%, 02/01/2038	$	410	$	418
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser, RB
5.000%, 05/01/2038		1,040		1,157
5.000%, 05/01/2041		1,000		1,099
5.000%, 05/01/2043		1,650		1,799
New York City, Transitional Finance Authority, Sub-Ser D-1, RB
5.000%, 11/01/2041		3,000		3,295
New York City, Transitional Finance Authority, Sub-Ser F-1, RB
5.000%, 02/01/2038		270		302
New York City, Water & Sewer System, Finance Authority, Sub-Ser, RB
3.000%, 06/15/2040		1,800		1,480
New York State, Dormitory Authority, New York Touro College & University System, Ser A, RB
Pre-Refunded @ 100
5.250%, 07/01/2024 (D)		910		911
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, Ser 2015B-B, RB
5.000%, 03/15/2032		2,500		2,529
5.000%, 03/15/2033		2,500		2,535
New York State, Dormitory Authority, Ser A, RB
5.000%, 03/15/2041		1,000		1,096
New York State, Dormitory Authority, Ser E, RB
4.000%, 03/15/2038		4,845		4,826
3.000%, 03/15/2041		1,500		1,231
New York State, Dormitory Authority, Unrefunded School Districts, RB, AGM
5.000%, 10/01/2033		1,000		1,048
New York State, Liberty Development Authority, 1 World Trade Center Project, Ser 1WTC, RB
2.750%, 02/15/2044		610		440
New York State, Liberty Development Authority, 4 World Trade Center Project, RB
2.875%, 11/15/2046		1,170		826
1.200%, 11/15/2028		1,355		1,143
New York State, Mortgage Agency, Ser 189, AMT, RB
3.250%, 04/01/2025		1,000		992

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Mortgage Agency, Ser 194, AMT, RB
3.250%, 10/01/2024	$	1,000	$	996
New York State, Thruway Authority, Ser A-1-GROUP, RB
4.000%, 03/15/2036		2,895		2,953
3.000%, 03/15/2049		5,000		3,800
New York State, Thruway Authority, Ser P, RB
5.000%, 01/01/2038		145		163
New York State, Transportation Development Corporation, Delta Air Lines Inc, AMT, RB
5.000%, 01/01/2034		4,000		4,124
5.000%, 10/01/2040		2,625		2,719
New York State, Transportation Development Corporation, Delta Air Lines Inc, LaGuardia Airport Terminals C&D Redevelopment Project, AMT, RB
4.000%, 10/01/2030		4,550		4,520
New York State, Transportation Development Corporation, JFK International Airport Project, AMT, RB
5.500%, 06/30/2039		1,000		1,085
5.500%, 06/30/2040		800		864
5.500%, 06/30/2041		1,205		1,297
5.375%, 06/30/2060		1,250		1,295
5.000%, 12/01/2024		125		125
5.000%, 12/01/2025		115		116
5.000%, 12/01/2030		650		684
5.000%, 12/01/2036		4,000		4,241
5.000%, 12/01/2037		3,000		3,164
New York State, Transportation Development Corporation, JFK International Airport Project, AMT, RB, AGM
5.500%, 06/30/2043		1,200		1,285
New York State, Transportation Development Corporation, JFK International Airport Terminal 4 Project, AMT, RB
5.000%, 12/01/2033		775		821
New York State, Urban Development Authority, Personal Income Tax, Ser E, RB
4.000%, 03/15/2043		2,315		2,243
New York State, Utility Debt Securitization Authority, Ser B, RB
5.000%, 12/15/2035		1,825		1,866
Suffolk Regional Off-Track Betting, RB
5.750%, 12/01/2044		1,750		1,807
Triborough, Bridge & Tunnel Authority, RB
0.000%, 11/15/2036 (F)		905		530

14

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
TSASC, Tobacco Settlement Bonds, Ser A, RB
5.000%, 06/01/2025	$	1,000	$	1,011
5.000%, 06/01/2030		525		543
5.000%, 06/01/2031		525		543
Westchester County, Local Development, Pace University Project, Ser A, RB
5.000%, 05/01/2034		2,350		2,350
Westchester County, Local Development, Westchester Medical Center Project, RB, AGM
5.000%, 11/01/2047		750		796
Westchester, Tobacco Asset Securitization, Ser B, RB
5.000%, 06/01/2031		2,000		2,061
				120,121
North Carolina — 1.0%
Charlotte, Airport Revenue, Douglas International Airport, AMT, RB
5.000%, 07/01/2037		2,250		2,413
Charlotte-Mecklenburg, Hospital Authority, Atrium Health Group, RB
5.000%, 01/15/2049 (A)		5,000		5,422
Columbus County, Industrial Facilities & Pollution Control Financing Authority, AMT, RB
2.100%, 03/01/2027 (A)		1,565		1,556
Greater Asheville, Regional Airport Authority, Ser A, AMT, RB, AGM
5.000%, 07/01/2031		445		476
North Carolina State, Housing Finance Agency, RB, GNMA/FNMA/FHLMC
3.750%, 07/01/2052		1,570		1,536
North Carolina State, Medical Care Commission, Retirement Facilities First Mortgage, RB
5.000%, 01/01/2029		285		283
North Carolina State, Medical Care Commission, The Forest at Duke Project, RB
4.000%, 09/01/2041		830		707
North Carolina State, Medical Care Commission, Twin Lakes Community, Ser A, RB
5.000%, 01/01/2038		605		609
North Carolina State, Medical Care Commission, United Methodist Retirement Homes, RB
4.250%, 10/01/2028		265		266
North Carolina State, Turnpike Authority, RB
5.000%, 01/01/2040		1,000		1,115

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
North Carolina State, Turnpike Authority, RB, AGM
5.000%, 01/01/2034	$	1,000	$	1,060
				15,443
North Dakota — 0.1%
North Dakota State, Housing Finance Agency, Home Mortgage Finance Program, RB
4.500%, 07/01/2043		760		762
3.550%, 07/01/2033		380		350
				1,112
Ohio — 2.8%
Buckeye, Tobacco Settlement Financing Authority, Ser A-2, RB
5.000%, 06/01/2032		4,325		4,589
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2055		3,100		2,773
0.000%, 06/01/2057 (F)		7,035		628
Cuyahoga County, Hospital Revenue, Metrohealth System, RB
5.000%, 02/15/2037		3,000		3,030
Hamilton County, Tax Revenue Authority, Ser A, RB
4.000%, 12/01/2032		1,600		1,606
Ohio State, Air Quality Development Authority, RB
4.000%, 09/01/2030 (A)		990		982
Ohio State, Childrens Hospital Center, RB
5.000%, 08/15/2054 (A)		2,000		2,171
Ohio State, Higher Educational Facility Commission, Kenyon College Project, RB
5.000%, 07/01/2035		680		759
5.000%, 07/01/2037		300		332
Ohio State, Hospital Facility Authority, Cleveland Clinic Health Project, RB
5.000%, 01/01/2031		1,250		1,312
2.750%, 01/01/2052 (A)		480		460
Ohio State, Hospital Facility Authority, University Hospital Health System Project, Ser B, RB
5.000%, 01/15/2050 (A)		3,230		3,248
Ohio State, Housing Finance Agency, Ser A, RB
3.000%, 03/01/2052		660		634
Ohio State, Portsmouth Bypass Project, AMT, RB, AGM
5.000%, 12/31/2027		655		659
Ohio State, Water Development Authority, Fresh Water Bonds, Ser A, RB
5.000%, 12/01/2040		5,545		6,153

SEI Tax Exempt Trust

15

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Ohio State, Water Development Authority, Water Pollution Control Loan Fund, Ser A, RB
5.000%, 12/01/2041	$	4,000	$	4,439
Ohio State, Water Development Authority, Water Pollution Control Loan Fund, Ser B, RB
5.000%, 12/01/2042		7,000		7,660
Port of Greater Cincinnati, Development Authority, RB
5.000%, 12/01/2038		495		549
5.000%, 12/01/2041		1,000		1,086
				43,070
Oklahoma — 0.2%
Canadian County, Educational Facilities Authority, Mustang Public Schools Project, RB
5.000%, 09/01/2033		930		1,011
Oklahoma State, Development Finance Authority, OU Medicine Project, Ser B, RB
5.250%, 08/15/2043		1,510		1,543
				2,554
Oregon — 0.7%
Clackamas County, Hospital Facility Authority, Rose Villa Project, Ser A, RB
5.125%, 11/15/2040		500		484
Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO, SCH BD GTY
5.000%, 06/15/2024		250		250
5.000%, 06/15/2025		275		279
Medford, Hospital Facilities Authority, Asante Project, Ser A, RB
5.000%, 08/15/2026		260		266
5.000%, 08/15/2034		1,000		1,068
Oregon State, Facilities Authority, Legacy Health Project, Ser A, RB
5.000%, 06/01/2035		2,500		2,539
5.000%, 06/01/2046		2,500		2,511
Oregon State, GO
5.000%, 05/01/2040		1,970		2,183
Umatilla County, School District No. 8R Hermiston, Ser A, GO, SCH BD GTY
0.000%, 06/15/2027 (F)		1,000		890
				10,470
Pennsylvania — 8.1%
Allegheny County, Hospital Development Authority, Allegheny Health Network Project, RB
5.000%, 04/01/2030		5,000		5,200

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, RB
5.000%, 05/01/2042 (B)	$	1,850	$	1,816
Bucks County, Industrial Development Authority, Lane Charter School Project, RB
5.125%, 03/15/2036		2,000		2,004
Doylestown, Hospital Authority, RB
5.000%, 07/01/2031 (B)		835		843
East Hempfield Township, Industrial Development Authority, Student Services, Student Housing Project, RB
Pre-Refunded @ 100
5.000%, 07/01/2024 (D)		725		725
5.000%, 07/01/2024 (D)		875		876
Lancaster County, Hospital Authority, Penn State Health, RB
5.000%, 11/01/2046		2,000		2,051
Luzerne County, Industrial Development Authority, America Water Project, AMT, RB
2.450%, 12/01/2039 (A)		2,500		2,211
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB
5.000%, 09/01/2033		2,815		2,914
Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB
5.000%, 11/15/2036		4,485		4,591
Moon Township, Industrial Development Authority, Presbyterian Health Care Project, RB
5.625%, 07/01/2030		1,810		1,626
Octorara Area, School District, GO, AGM
4.000%, 04/01/2025		650		651
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2026		2,995		3,057
5.000%, 06/01/2032		2,150		2,248
5.000%, 06/01/2033		3,500		3,657
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.000%, 06/30/2034		8,235		8,884
Pennsylvania State, Economic Development Financing Authority, RB
5.000%, 05/15/2039		600		644
Pennsylvania State, Economic Development Financing Authority, RB, AGM
5.000%, 01/01/2039		540		571

16

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania State, Economic Development Financing Authority, University of Pittsburgh Medical Center, Ser A, RB
5.000%, 10/15/2033	$	2,300	$	2,515
Pennsylvania State, GO, BAM
4.000%, 03/01/2035		2,000		2,035
Pennsylvania State, Higher Education Assistance Agency, Ser A, AMT, RB
5.000%, 06/01/2031		1,450		1,522
Pennsylvania State, Housing Finance Agency, RB
5.125%, 10/01/2041		1,220		1,268
Pennsylvania State, Housing Finance Agency, Ser 142-A, RB
5.500%, 10/01/2053		1,115		1,160
4.850%, 10/01/2043		4,650		4,713
Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, RB
5.000%, 12/01/2030		5,000		5,152
Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, Sub-Ser, RB
5.000%, 12/01/2033		6,000		6,243
Pennsylvania State, Turnpike Commission, Ser B, RB
5.000%, 12/01/2033		3,000		3,040
5.000%, 12/01/2039		250		274
Philadelphia, Airport Revenue, AMT, RB, AGM
4.000%, 07/01/2040		500		481
Philadelphia, Airport Revenue, Ser B, AMT, RB
5.000%, 07/01/2031		1,000		1,019
Philadelphia, Hospitals & Higher Education Facilities Authority, Temple University Health System Project, RB, AGM
5.000%, 07/01/2036		700		744
Philadelphia, Industrial Development Authority, University Square Apartments Project, RB
5.000%, 12/01/2037		4,570		4,636
Philadelphia, School District, Ser A, GO, ST AID WITHHLDG
5.000%, 09/01/2029		1,500		1,588
5.000%, 09/01/2034		1,410		1,521
5.000%, 09/01/2036		2,000		2,086
4.000%, 09/01/2035		5,000		5,035
4.000%, 09/01/2038		3,000		3,008
Philadelphia, School District, Ser F, GO, ST AID WITHHLDG
5.000%, 09/01/2028		3,390		3,472
5.000%, 09/01/2030		7,975		8,135
Philadelphia, Ser A, GO
5.000%, 05/01/2032		5,905		6,434

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Philadelphia, Water & Wastewater Revenue, RB
5.000%, 10/01/2033	$	2,000	$	2,183
Philadelphia, Water & Wastewater Revenue, Ser B, RB
4.000%, 07/01/2035		3,850		3,852
Philadelphia, Water & Wastewater Revenue, Ser B, RB, AGM
5.000%, 09/01/2040		4,520		4,941
Southeastern Pennsylvania, Transportation Authority, RB
5.250%, 06/01/2039		2,250		2,505
West Branch Area, School District, GO, AGM
4.000%, 05/15/2034		390		392
4.000%, 05/15/2037		445		443
				124,966
Puerto Rico — 2.9%
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2027 (C)(H)		2,990		785
Puerto Rico, Electric Power Authority, Ser TT, RB
5.000%, 07/01/2032 (C)(H)		1,000		263
Puerto Rico, Electric Power Authority, Ser WW, RB
5.250%, 07/01/2033 (C)(H)		3,035		797
Puerto Rico, Electric Power Authority, Ser XX, RB
5.250%, 07/01/2040 (C)		2,940		772
Puerto Rico, GDB Debt Recovery Authority, RB
7.500%, 08/20/2040		1,354		1,315
Puerto Rico, Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authourity, AMT, RB
6.500%, 01/01/2042		2,000		2,355
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
4.750%, 07/01/2053		1,000		989
0.000%, 07/01/2046 (F)		10,000		3,185
0.000%, 07/01/2051 (F)		12,042		2,848
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB
4.550%, 07/01/2040		8,625		8,677
0.000%, 07/01/2029 (F)		1,500		1,238
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB
4.329%, 07/01/2040		5,750		5,712
Puerto Rico, Ser A1, GO
5.625%, 07/01/2027		3,400		3,552
4.000%, 07/01/2035		1,500		1,470
4.000%, 07/01/2046		3,600		3,242

SEI Tax Exempt Trust

17

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Puerto Rico, Sub-Ser CW, Note
0.000%, 11/01/2043 (A)(I)	$	11,135	$	6,904
				44,104
Rhode Island — 0.7%
Rhode Island State, Health & Educational Building Authority, Central Falls Public School Projects, RB, ST APPROP
4.000%, 05/15/2041		5,420		5,223
Rhode Island State, Health & Educational Building, Bryant University, RB
5.000%, 06/01/2041		575		619
Rhode Island State, Health & Educational Building, Lifespan Obligation Group, RB
5.250%, 05/15/2049		1,650		1,724
5.000%, 05/15/2039		550		584
5.000%, 05/15/2044		600		623
Rhode Island State, Housing & Mortgage Finance, Homeownership Opportunity, Ser 81-A, RB, GNMA
5.250%, 10/01/2043		1,750		1,818
				10,591
South Carolina — 1.8%
Patriots Energy Group, Financing Agency, RB
5.250%, 02/01/2054 (A)		600		642
Piedmont, Municipal Power Agency, Ser B, RB
4.000%, 01/01/2033		5,125		5,119
Piedmont, Municipal Power Agency, Ser E, RB
5.000%, 01/01/2025		385		387
South Carolina State, Housing Finance & Development Authority, Ser A, RB
5.750%, 01/01/2054		1,650		1,755
South Carolina State, Housing Finance & Development Authority, Ser B, RB
3.750%, 01/01/2050		460		451
South Carolina State, Jobs-Economic Development Authority, High Point Academy Project, Ser A, RB
5.750%, 06/15/2039 (B)		1,870		1,900
South Carolina State, Jobs-Economic Development Authority, Novant Health Obligated Group, RB
5.000%, 11/01/2035		885		994
5.000%, 11/01/2037		655		728
South Carolina State, Port Authority, AMT, RB
5.000%, 07/01/2030		1,500		1,553
4.000%, 07/01/2035		1,160		1,115

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
South Carolina State, Public Service Authority, Ser A, RB
5.000%, 12/01/2025	$	385	$	391
5.000%, 12/01/2031		540		576
5.000%, 12/01/2036		2,750		2,963
4.000%, 12/01/2034		2,000		2,003
4.000%, 12/01/2036		2,250		2,238
4.000%, 12/01/2038		175		172
South Carolina State, Public Service Authority, Ser C, RB
5.000%, 12/01/2026		2,300		2,300
South Carolina State, Public Service Authority, Ser E, RB, AGM
5.250%, 12/01/2038		2,500		2,731
				28,018
South Dakota — 0.2%
South Dakota State, Health & Educational Facilities Authority, Sanford Obligated Group, RB
5.000%, 11/01/2027		830		845
5.000%, 11/01/2028		900		918
5.000%, 11/01/2035		1,005		1,021
South Dakota State, Housing Development Authority, Ser A, RB, GNMA/FNMA/FHLMC
6.000%, 05/01/2054		280		296
South Dakota State, Housing Development Authority, Ser B, RB
4.000%, 11/01/2049		595		588
				3,668
Tennessee — 1.1%
Chattanooga, Commonspirit Health, Ser A, RB
5.000%, 08/01/2034		1,015		1,075
5.000%, 08/01/2035		420		444
Knox County, Health Educational & Housing Facility Board, University of Tennesee Project, Ser A-1, RB, BAM
5.000%, 07/01/2037		300		326
Knox County, Health Educational & Housing Facility Board, University of Tennesee Project, Ser B-1, RB, BAM
5.000%, 07/01/2044		2,200		2,305
Nashville & Davidson County, Metropolitan Government, Health & Educational Facilities Board, Belmont University, RB
5.000%, 05/01/2038		705		758
Nashville & Davidson County, Metropolitan Government, Health & Educational Facilities Board, Vanderbilt University Medical Center, RB
5.000%, 07/01/2033		835		920

18

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Nashville & Davidson County, Metropolitan Government, Sports Authority, Ser A, RB, AGM
5.000%, 07/01/2043	$	1,300	$	1,389
Nashville, Metropolitan Government, GO
4.000%, 07/01/2033		3,000		3,031
Tennergy, Ser A, RB
4.000%, 12/01/2051 (A)		2,500		2,478
Tennessee State, Energy Acquisition, RB
4.000%, 11/01/2049 (A)		2,500		2,498
Tennessee State, Energy Acquisition, Ser C, RB
5.000%, 02/01/2027		1,650		1,660
Tennessee State, Housing Development Agency, AMT, RB
4.000%, 07/01/2045		235		234
				17,118
Texas — 9.5%
Arlington, Higher Education Finance, Harmony Public Schools, RB, PSF-GTD
5.000%, 02/15/2036		715		777
Arlington, Higher Education Finance, Riverwalk Education Foundation, RB, PSF-GTD
5.000%, 08/15/2038		810		882
5.000%, 08/15/2040		695		749
Arlington, Special Tax Revenue, Special Tax, AGM
5.000%, 02/15/2030		2,000		2,012
Austin, Electric Utility Revenue, RB
5.000%, 11/15/2032		1,535		1,579
Austin, Texas Airport System Revenue, Ser B, AMT, RB
5.000%, 11/15/2037		900		914
Austin-Bergstrom, Landhost Enterprises, RB
5.000%, 10/01/2026		465		469
Boerne, Independent School District, GO, PSF-GTD
4.000%, 02/01/2054 (A)		225		229
3.125%, 02/01/2053 (A)		930		912
Central Texas, Regional Mobility Authority, Senior Lien, Ser D, RB
4.000%, 01/01/2037		770		774
Central Texas, Regional Mobility Authority, Ser B, RB
5.000%, 01/01/2036		200		215
Central Texas, Turnpike System, Sub-Ser C, RB
5.000%, 08/15/2031		2,500		2,506
5.000%, 08/15/2033		6,500		6,514
5.000%, 08/15/2037		1,475		1,477

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Clear Creek, Independent School District, GO, PSF-GTD
0.280%, 02/15/2038 (A)	$	640	$	635
Clear Creek, Independent School District, Ser B-REMK, GO, PSF-GTD
3.600%, 02/15/2035 (A)		1,060		1,058
Clifton, Higher Education Finance, International Leadership, RB, PSF-GTD
5.000%, 08/15/2035		900		994
Clifton, Higher Education Finance, Public Schools Project, RB, PSF-GTD
5.000%, 08/15/2027		1,050		1,052
5.000%, 08/15/2037		1,000		1,088
4.000%, 08/15/2032		1,000		1,008
Collin County, Community College District, Ser A, GO
4.000%, 08/15/2034		2,500		2,551
Corpus Christi, Utility System Revenue, Ser A, RB
5.000%, 07/15/2033		1,500		1,625
Dallas City, Hotel Occupancy Tax Revenue, RB
4.000%, 08/15/2031		1,000		985
4.000%, 08/15/2034		500		479
Dallas City, Love Field, Airport Modernization, AMT, RB
5.000%, 11/01/2030		1,000		1,020
5.000%, 11/01/2031		1,250		1,275
5.000%, 11/01/2032		2,500		2,550
5.000%, 11/01/2033		1,175		1,197
5.000%, 11/01/2034		1,000		1,018
5.000%, 11/01/2035		1,000		1,018
Dallas County, Utility & Reclamation District, GO
5.000%, 02/15/2028		1,000		1,040
Dallas-Fort Worth, International Airport Revenue, Ser C, AMT, RB
5.000%, 11/01/2031		3,000		3,203
Dayton, Independent School District, GO, PSF-GTD
4.000%, 02/15/2040		3,000		2,921
Denton, Utility System Revenue, RB
5.000%, 12/01/2032		7,500		7,686
El Paso, GO
5.000%, 08/15/2034		2,050		2,089
Garland Independent School District, Ser A, GO, PSF-GTD
5.000%, 02/15/2042		2,500		2,710
Georgetown, Utility System Revenue, RB, AGM
5.000%, 08/15/2037		1,705		1,850

SEI Tax Exempt Trust

19

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

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	$	2,039
Harris County, Houston Sports Authority, Senior Lien, Ser A, RB
5.000%, 11/15/2028		2,500		2,507
5.000%, 11/15/2029		2,325		2,331
5.000%, 11/15/2030		3,310		3,318
Harris County, Houston Sports Authority, Ser C, RB
5.000%, 11/15/2033		1,100		1,102
Harris County, Industrial Development, RB
4.050%, 11/01/2050 (A)		390		388
Hidalgo County, Regional Mobility Authority, Ser A, RB
5.000%, 12/01/2031		260		281
5.000%, 12/01/2032		300		325
Houston, Airport System Revenue, Sub-Ser B, RB
5.000%, 07/01/2029		3,685		3,907
Houston, Airport System Revenue, Sub-Ser C, AMT, RB
5.000%, 07/01/2029		2,450		2,536
5.000%, 07/01/2032		1,500		1,553
Houston, Airport System Revenue, Sub-Ser, RB, AGM
5.000%, 07/01/2032		1,500		1,677
Houston, Hotel Occupancy Tax & Special Revenue, RB
4.000%, 09/01/2025		215		215
4.000%, 09/01/2026		160		161
Lamar, Consolidated Independent School District, GO
5.000%, 02/15/2039		2,000		2,186
Lower Colorado, River Authority, RB
5.000%, 05/15/2031		1,000		1,010
Midland, Independent School District, RB, PSF-GTD
5.000%, 02/15/2038		5,000		5,554
New Hope, Cultural Education Facilities Finance, Children's Health System, Ser A, RB
5.000%, 08/15/2030		1,645		1,712
New Hope, Cultural Education Facilities Finance, Sanctuary LTC Project, RB
5.500%, 01/01/2057		750		673
North Texas, Tollway Authority, RB
5.000%, 01/01/2035		1,800		1,881
North Texas, Tollway Authority, Ser A, RB
5.000%, 01/01/2031		1,410		1,435
5.000%, 01/01/2034		6,285		6,379
North Texas, Tollway Authority, Ser B, RB
5.000%, 01/01/2031		1,775		1,804

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Northwest, Independent School District, GO, PSF-GTD
4.000%, 02/15/2043	$	7,000	$	6,865
Pasadena, Independent School District, GO, PSF-GTD
5.000%, 02/15/2039		1,245		1,370
5.000%, 02/15/2040		225		246
San Antonio, Electric & Gas Systems Revenue, Ser A, RB
5.000%, 02/01/2033		1,410		1,541
5.000%, 02/01/2034		1,700		1,855
San Antonio, Electric & Gas Systems Revenue, Ser B-REMK, RB
4.000%, 02/01/2033		1,000		1,026
San Antonio, Electric & Gas Systems Revenue, Ser Junior Lien, RB
1.750%, 02/01/2049 (A)		735		705
San Antonio, River Authority, Wastewater System Revenue, RB, BAM
4.000%, 01/01/2039		790		780
Southwest Texas, Independent School District, GO, PSF-GTD
5.000%, 02/01/2035		445		494
Tarrant County, Cultural Education Facilities Finance, Baylor Scott & White Health, RB
5.000%, 11/15/2032		1,500		1,524
Tarrant County, Cultural Education Facilities Finance, Christus Health, Ser A, RB
5.000%, 07/01/2053 (A)		2,000		2,200
Taylor, GO
5.000%, 08/15/2037		840		935
5.000%, 08/15/2038		880		973
Texas State, Municipal Gas Acquisition & Supply I, Senior Lien, Ser D, RB
6.250%, 12/15/2026		585		601
Texas State, Municipal Gas Acquisition & Supply III, RB
5.000%, 12/15/2030		285		292
5.000%, 12/15/2032		715		738
Texas State, Municipal Gas Acquisition & Supply IV, Ser B, RB
5.500%, 01/01/2054 (A)		7,000		7,719
Texas State, Ser B, GO
4.000%, 08/01/2031		435		435
Texas State, Transportation Commission State, Highway Fund, GO
5.000%, 04/01/2028		2,630		2,682
Texas State, Water Development Board, RB
5.000%, 10/15/2026		3,750		3,881
University of Texas, Board of Regents, Ser A, RB
5.000%, 08/15/2037		2,000		2,269

20

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
University of Texas, Permanent University Fund, Ser B, RB
5.000%, 07/01/2035	$	1,000	$	1,157
Uptown Development Authority, TA
4.000%, 09/01/2033		400		381
4.000%, 09/01/2035		275		256
				146,960
Utah — 0.4%
Salt Lake City, Airport Revenue, Ser A, AMT, RB
5.000%, 07/01/2035		5,000		5,095
Salt Lake City, Airport Revenue, Ser B, RB
5.000%, 07/01/2035		1,500		1,557
				6,652
Virgin Islands — 0.1%
Virgin Islands, Matching Fund, Special Purpose Securitization, Ser A, RB
5.000%, 10/01/2039		1,065		1,103
Virginia — 1.9%
Arlington County, Industrial Development Authority, Arlington Health System, Virginia Hospital, Ser A, RB
5.000%, 07/01/2053 (A)		880		933
Arlington County, Industrial Development Authority, Virginia Hospital Center, RB
5.000%, 07/01/2026		280		287
5.000%, 07/01/2027		250		260
5.000%, 07/01/2028		375		395
Halifax County, Industrial Development Authority, Virginia Electric & Power Project, RB
1.650%, 12/01/2041 (A)		1,320		1,320
Henrico County, Economic Development Authority, Westminster Canterbury Richmond, RB
5.000%, 10/01/2042		430		448
5.000%, 10/01/2047		1,225		1,259
James City County, Economic Development Authority, RB
5.250%, 12/01/2027		190		191
Norfolk, Economic Development Authority, Sentara Health Care, Ser B, RB
5.000%, 11/01/2048 (A)		1,035		1,090
Virginia Beach, Development Authority, RB
5.375%, 09/01/2029		465		482
Virginia State, College Building Authority, 21st Century College Program, RB
5.000%, 02/01/2028		2,000		2,110
Virginia State, Public Building Authority, Ser A, RB
4.000%, 08/01/2038		5,500		5,583

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Virginia State, Small Business Financing Authority, AMT, RB
5.000%, 07/01/2035	$	1,085	$	1,141
5.000%, 06/30/2042		2,000		2,054
5.000%, 12/31/2047		440		446
4.000%, 07/01/2030		1,140		1,135
4.000%, 07/01/2031		365		363
Virginia State, Small Business Financing Authority, RB
5.000%, 01/01/2026		490		493
Virginia State, Tobacco Settlement Financing, Sub-Ser C, RB
0.000%, 06/01/2047 (F)		34,300		9,336
				29,326
Washington — 3.0%
King & Snohomish Counties, School District No. 417, RB, SCH BD GTY
5.000%, 12/01/2042		5,000		5,529
King County, Public Hospital District No. 1, GO
5.000%, 12/01/2027		7,720		7,944
Port of Seattle, AMT, RB
5.000%, 04/01/2028		5,055		5,236
5.000%, 04/01/2036		1,500		1,560
5.000%, 08/01/2041		1,000		1,045
Port of Seattle, RB
4.000%, 06/01/2038		1,000		997
Snohomish County, School District No. 15 Edmonds, RB, SCH BD GTY
5.000%, 12/01/2038		825		924
Washington State, Electric Revenue, Energy Northwest, Columbia Generating Station Project, RB
5.000%, 07/01/2040		2,500		2,710
Washington State, GO
4.000%, 07/01/2036		4,500		4,650
Washington State, Health Care Facilities Authority, Ser A, RB
5.000%, 10/01/2042		1,800		1,800
Washington State, Housing Finance Commission, Radford & Norheim Courts, RB
5.000%, 07/01/2036		1,645		1,763
5.000%, 07/01/2038		1,000		1,057
Washington State, Housing Finance Commission, Social Certificate, Ser A-, RB
3.500%, 12/20/2035		955		846
Washington State, Housing Finance Commission, Transforming Age Project, Ser A, RB
5.000%, 01/01/2034 (B)		745		695

SEI Tax Exempt Trust

21

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Washington State, Ser A, GO
5.000%, 08/01/2035	$	1,665	$	1,846
Washington State, Ser B-BID, GO
5.000%, 02/01/2043		4,685		5,087
Washington State, Ser R-2015E, GO
5.000%, 07/01/2031		2,730		2,750
				46,439
West Virginia — 0.4%
West Virginia State, Economic Development Authority, Appalachian Power Amos Project, RB
3.750%, 12/01/2042 (A)		2,300		2,294
West Virginia State, Parkways Authority, Turnpike Toll Revenue, RB
5.000%, 06/01/2032		1,510		1,595
5.000%, 06/01/2034		1,000		1,055
5.000%, 06/01/2035		1,005		1,061
				6,005
Wisconsin — 3.2%
Milwaukee, Ser B4, GO, AGM
5.000%, 04/01/2036		2,965		3,266
University of Wisconsin, Hospitals & Clinics, RB
4.000%, 04/01/2037		500		498
4.000%, 04/01/2039		295		287
Wisconsin State, Center District, Ser C, RB, AGM
0.000%, 12/15/2029 (F)		370		296
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, RB
5.000%, 08/15/2031		4,155		4,367
5.000%, 08/15/2054 (A)		2,000		2,039
3.540%, 08/15/2054 (A)		1,125		1,111
Wisconsin State, Health & Educational Facilities Authority, Ascension Health Credit Group, RB
5.000%, 11/15/2030		3,810		3,894
Wisconsin State, Health & Educational Facilities Authority, Children's Hospital of Wisconsin, RB
5.000%, 08/15/2034		1,835		1,901
Wisconsin State, Health & Educational Facilities Authority, Oakwood Lutheran Senior Ministries, RB
4.000%, 01/01/2037		665		555
Wisconsin State, Health & Educational Facilities Authority, Prohealth Care Obligation Group, RB
5.000%, 08/15/2034		1,155		1,157

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Health & Educational Facilities Authority, St. Camilus Health System, RB
5.000%, 11/01/2028	$	470	$	463
5.000%, 11/01/2030		1,035		1,010
5.000%, 11/01/2039		500		454
Wisconsin State, Health & Educational Facilities Authority, Three Pillars Senior Living Communities, RB
4.000%, 08/15/2041		705		592
Wisconsin State, Health & Educational Facilities Authority, Three Pillars Senior Living Community, RB
5.750%, 08/15/2059		220		223
Wisconsin State, Health & Educational Facilities Authority, Unitypoint Health, Ser A, RB
5.000%, 12/01/2029		1,650		1,652
Wisconsin State, Housing & Economic Development Authority, Ser B, RB, FHA
0.500%, 11/01/2050 (A)		220		215
Wisconsin State, Public Finance Authority, American Dream @ Meadowlands Project, RB
7.000%, 12/01/2050 (B)		1,390		1,361
Wisconsin State, Public Finance Authority, Appalachian Regional Healthcare System, RB
5.000%, 07/01/2041		750		730
Wisconsin State, Public Finance Authority, Appalachian State University Project, RB, AGM
4.000%, 07/01/2027		225		225
4.000%, 07/01/2028		225		225
4.000%, 07/01/2029		225		225
Wisconsin State, Public Finance Authority, Duke Energy Progress Project, RB
3.700%, 10/01/2046 (A)		10,450		10,166
Wisconsin State, Public Finance Authority, Grand Hyatt San Antonio Hotel Acquisition Project, RB
5.000%, 02/01/2042		1,475		1,493
5.000%, 02/01/2052		755		741
5.000%, 02/01/2062		1,845		1,793
Wisconsin State, Public Finance Authority, KU Campus Development Project, RB
5.000%, 03/01/2034		6,880		7,016

22

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Intermediate-Term Municipal Fund (Concluded)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Public Finance Authority, United Methodist Retirement Facility Project, RB
4.000%, 10/01/2025	$	285	$	283
4.000%, 10/01/2026		300		298
4.000%, 10/01/2027		125		124
4.000%, 10/01/2028		250		250
				48,910
Total Municipal Bonds
(Cost $1,576,319) ($ Thousands)				1,526,539
	Shares
CASH EQUIVALENT — 0.1%
SEI Daily Income Trust, Government Fund, Institutional Class
5.050%**†		2,167,178		2,167
Total Cash Equivalent
(Cost $2,167) ($ Thousands)				2,167
Total Investments in Securities — 99.2%
(Cost $1,578,486) ($ Thousands)			$	1,528,706

	Percentages are based on Net Assets of $1,540,969 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2024.
†	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, 2024, the value of these securities amounted to $32,533 ($ Thousands), representing 2.1% 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)	Level 3 security in accordance with fair value hierarchy.
(I)	No interest rate available.

The following is a summary of the transactions with affiliates for the period ended May 31, 2024 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 5/31/2024		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	1,037	$	108,462	$	(107,332	)	$	—	$	—	$	2,167	$	137	$	—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

23

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 101.0%
Alabama — 5.7%
Black Belt, Energy Gas District, Ser A-1, RB
4.000%, 12/01/2049 (A)	$	3,940	$	3,936
Black Belt, Energy Gas District, Ser C-1, RB
5.250%, 12/01/2025		880		891
Black Belt, Energy Gas District, Ser E, RB
5.000%, 06/01/2024		1,250		1,250
Black Belt, Energy Gas District, Ser S, RB
4.000%, 12/01/2024		1,765		1,763
4.000%, 12/01/2025		7,520		7,507
4.000%, 10/01/2052 (A)		2,500		2,495
Black Belt, Energy Gas District, Sub-Ser, RB
4.978%, 07/01/2052 (A)		2,000		2,010
Columbia, Industrial Development Board, Pollution Control Revenue, Alabama Power Company Project, RB
3.810%, 12/01/2037 (A)		7,000		6,821
Energy Southeast, A Cooperative District, Ser B, RB
5.000%, 12/01/2027		250		253
Lower Alabama, Gas District, RB
4.000%, 12/01/2024		500		499
4.000%, 12/01/2025		730		724
4.000%, 12/01/2050 (A)		10,000		9,988
Selma, Industrial Development Board, International Paper Co Project, RB
1.375%, 05/01/2034 (A)		5,250		5,118
Southeast Alabama, Energy Authority, Cooperative District Project #4, Ser B-1, RB
5.000%, 08/01/2024		1,300		1,301
Southeast Alabama, Gas Supply District, Project #1, Ser A, RB
5.000%, 04/01/2026		1,500		1,510
5.000%, 04/01/2027		500		505
5.000%, 04/01/2028		1,250		1,264
				47,835
Alaska — 0.2%
Alaska State, International Airports System, Ser C, AMT, RB
5.000%, 10/01/2025		1,980		2,006
Arizona — 1.8%
Arizona State, Health Facilities Authority, RB
3.610%, 01/01/2046 (A)		800		790
Arizona State, Health Facilities Authority, RB
Pre-Refunded @ 100
3.610%, 11/04/2025 (A)(B)		200		200

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Arizona State, Industrial Development Authority, Phoenix Children's Hospital, RB
5.000%, 02/01/2025	$	685	$	691
Chandler, Industrial Development Authority, Intel Corporation Project, Ser S, AMT, RB
5.000%, 09/01/2052 (A)		1,300		1,327
Maricopa County, Industrial Development Authority, Banner Health, RB
3.930%, 01/01/2035 (A)		3,485		3,482
Phoenix, Civic Improvement Authority, AMT, RB
5.000%, 07/01/2025		1,100		1,114
Salt Verde Financial Corp, Gas Revenue, RB
5.250%, 12/01/2027		7,000		7,242
				14,846
California — 3.2%
Alameda, Unified School District, Ser A, GO, AGM
0.000%, 08/01/2026 (C)		1,000		925
California State, Choice Financing Authority, Clean Energy Project, RB
4.000%, 10/01/2052 (A)		2,710		2,709
California State, Choice Financing Authority, Clean Energy Project, Ser B, RB
4.000%, 08/01/2025		555		554
California State, Choice Financing Authority, Clean Energy Project, Ser S, RB
4.000%, 12/01/2026		450		446
California State, GO
5.000%, 03/01/2027		4,630		4,677
California State, Housing Finance Agency, Ser I, RB
5.000%, 05/01/2054 (A)		5,500		5,609
California State, Municipal Finance Authority, Waste Management Project, AMT, RB
4.800%, 11/01/2041 (A)		2,000		2,001
California State, Municipal Finance Authority, Waste Management Project, Ser A, RB
1.300%, 02/01/2039 (A)(D)		1,500		1,458
Cathedral, Redevelopment Agency, Successor Agency, TA, BAM
4.000%, 08/01/2024		245		245
Newman-Crows Landing, Unified School District, GO
0.000%, 08/01/2025 (C)		500		478

24

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Northern California, Energy Authority, RB
5.000%, 08/01/2025	$	650	$	655
5.000%, 08/01/2026		450		456
5.000%, 08/01/2027		700		715
Pittsburg, Redevelopment Agency Successor Agency, TA, AMBAC
0.000%, 08/01/2028 (C)		500		425
Rio, Elementary School District, GO, BAM
0.000%, 07/01/2028 (C)		3,705		3,152
San Mateo County, Community College District, Ser C, GO, NATL
0.000%, 09/01/2025 (C)		1,250		1,196
0.000%, 09/01/2029 (C)		500		415
Southern California, Public Power Authority, Clean Energy Project, Ser A, RB
5.000%, 09/01/2030		350		365
				26,481
Colorado — 3.0%
Colorado State, Health Facilities Authority, Adventhealth Obligated Group Project, RB
5.000%, 11/15/2027		485		499
Colorado State, Health Facilities Authority, Commonspirit Health, RB
5.000%, 11/01/2024		400		402
5.000%, 11/01/2025		350		356
Colorado State, Health Facilities Authority, Commonspirit Health, Ser B, RB
5.000%, 08/01/2049 (A)		1,295		1,308
Colorado State, Health Facilities Authority, Commonspirit Health, Ser B-2, RB
5.000%, 08/01/2049 (A)		2,000		2,034
Colorado State, Health Facilities Authority, Intermountain Healthcare, RB
5.000%, 05/15/2062 (A)		615		645
Colorado State, Health Facilities Authority, Intermountain Healthcare, Ser S, RB
3.910%, 05/15/2061 (A)		1,500		1,492
Colorado State, School of Mines, Ser D, RB
4.230%, 12/01/2025 (A)		975		975
Colorado State, Science & Technology Park, Metropolitan District No. 1, Ser A, RB, AGM
5.000%, 12/01/2026		375		385
Denver City & County, Airport System Revenue Authority, Ser A, AMT, RB
5.000%, 11/15/2028		260		272
Denver City & County, Airport System Revenue Authority, Ser D, AMT, RB
5.000%, 11/15/2025		1,000		1,017
Denver, Convention Center Hotel Authority, RB
5.000%, 12/01/2026		2,500		2,535

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
E-470, Public Highway Authority, Ser B, RB
3.928%, 09/01/2039 (A)	$	7,465	$	7,456
Regional Transportation District, Denver Transit Partners Eagle P3 Project, RB
5.000%, 07/15/2024		300		300
5.000%, 01/15/2025		300		301
5.000%, 07/15/2025		480		485
3.000%, 01/15/2026		405		397
University of Colorado, Green Bonds, Ser C, RB
2.000%, 06/01/2054 (A)		3,855		3,827
Wildwing, Metropolitan District No. 5, GO, AGM
5.000%, 12/01/2027		140		146
5.000%, 12/01/2028		155		163
5.000%, 12/01/2029		165		176
5.000%, 12/01/2030		120		129
				25,300
Connecticut — 1.6%
Connecticut State, Health & Educational Facilities Authority, Sacred Heart Univeristy, Ser K, RB
5.000%, 07/01/2025		1,170		1,185
Connecticut State, Health & Educational Facilities Authority, Yale University, Ser A-, RB
2.400%, 07/01/2042 (A)		1,000		1,000
Connecticut State, Housing Finance Authority, Housing Mortgage Finance Program, RB
0.300%, 11/15/2024		500		491
Connecticut State, Housing Finance Authority, RB
3.650%, 11/15/2052 (A)		7,295		7,235
Connecticut State, Housing Finance Authority, Ser A4, RB
3.660%, 11/15/2050 (A)		1,315		1,315
Connecticut State, SIFMA Index Project, Ser A, GO
4.350%, 03/01/2025 (A)		1,815		1,821
West Haven, GO, BAM
5.000%, 02/15/2025		230		232
5.000%, 02/15/2026		200		203
				13,482
Delaware — 0.6%
Delaware State, Economic Development Authority, Delmarva Power & Light Company Project, RB
1.050%, 01/01/2031 (A)		5,100		4,924

SEI Tax Exempt Trust

25

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Delaware State, Housing Authority, Single Family Mortgage, Ser A, RB, GNMA/FNMA/FHLMC
3.250%, 01/01/2026	$	285	$	282
				5,206
District of Columbia — 1.0%
District of Columbia, Housing Finance Agency, Parcel 42 Project, RB
1.700%, 09/01/2041 (A)		7,160		7,006
Metropolitan Washington, Airports Authority, Ser A, AMT, RB
5.000%, 10/01/2031		1,650		1,682
				8,688
Florida — 1.8%
Florida Insurance Assistance Interlocal Agency, Ser A-1, RB
5.000%, 09/01/2028		1,500		1,541
Florida State, Citizens Property Insurance, Coastal Account, Ser A, RB
Pre-Refunded @ 100
5.000%, 12/01/2024 (B)		6,445		6,485
Florida State, Development Finance, Lakeland Regional Health Systems, RB
5.000%, 11/15/2024		1,200		1,205
Lee County, Industrial Development Authority, Shell Point, RB
4.000%, 11/15/2025		210		208
Miami-Dade County, Expressway Authority, Ser B, RB
5.000%, 07/01/2028		1,000		1,001
Miami-Dade County, Industrial Development Authority, Waste Management Project, AMT, RB
3.735%, 11/01/2048 (A)		500		500
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		315
Polk County, Housing Finance Authority, Episcopal Catholic Apartments, RB, FHA
4.150%, 12/01/2040 (A)		3,000		2,999
				14,711
Georgia — 4.7%
Atlanta, Water & Wastewater Revenue Authority, Ser A, RB, NATL
5.500%, 11/01/2027		2,825		2,935

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Bartow County, Development Authority, Georgia Power Plant, RB
2.875%, 08/01/2043 (A)	$	1,800	$	1,767
Burke County, Development Authority, Georgia Power Company Plant Vogtle Project, RB
3.875%, 10/01/2032 (A)		2,500		2,504
2.875%, 12/01/2049 (A)		4,000		3,928
College Park, Business & Industrial Development Authority, Somersby Project, Ser B, RB
1.250%, 07/01/2025 (A)		2,125		2,119
Georgia State, Main Street Natural Gas, Ser A, RB
5.000%, 06/01/2027		1,100		1,108
4.000%, 12/01/2024		1,100		1,095
4.000%, 03/01/2026		500		496
4.000%, 09/01/2026		415		411
Georgia State, Main Street Natural Gas, Ser B, RB
5.000%, 06/01/2025		650		652
5.000%, 03/01/2026		850		858
5.000%, 09/01/2026		850		861
5.000%, 03/01/2027		400		406
4.000%, 08/01/2049 (A)		18,260		18,253
Georgia State, Main Street Natural Gas, Ser C, RB
4.000%, 05/01/2052 (A)		1,540		1,538
Monroe County, Development Authority, Oglethorpe Power Company Project, RB
1.500%, 01/01/2039 (A)		750		729
				39,660
Guam — 0.1%
Guam, Waterworks Authority, Ser A, RB
5.000%, 07/01/2027		710		735
Illinois — 5.6%
Berwyn, Ser A, GO
5.000%, 12/01/2024		820		824
Chicago Heights, Olympic Village Apartments Project, RB, FHA/GNMA
2.875%, 08/01/2027 (A)		2,000		1,963
Chicago, Midway International Airport, Ser B, RB
5.000%, 01/01/2030		575		619
5.000%, 01/01/2031		230		250
Chicago, O'Hare International Airport, Ser A, AMT, RB
5.000%, 01/01/2027		1,000		1,003
Chicago, Ser A, GO
5.000%, 01/01/2029		1,500		1,584
Chicago, Ser B-EXCHANGE, GO
4.000%, 01/01/2030		1,000		1,006

26

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Chicago, Wastewater Transmission, RB, BAM
5.000%, 01/01/2029	$	675	$	720
Cook County, School District No. 233 Homewood-Flossmoor, GO
4.000%, 12/01/2024		1,605		1,604
Geneva, GO
4.000%, 02/01/2026		400		402
Granite, Solid Waste Disposal, Waste Management Project, AMT, RB
1.250%, 05/01/2027		4,100		3,677
Illinois State, Finance Authority, American Water Capital Corp Project, RB
3.875%, 05/01/2040 (A)		1,000		988
Illinois State, Finance Authority, Field Museum of Natural History, RB
4.938%, 11/01/2034 (A)		1,940		1,936
Illinois State, Finance Authority, Health Care System Project, RB
5.000%, 05/15/2050 (A)		1,500		1,500
Illinois State, Finance Authority, Silver Cross Hospital & Medical Centers, RB
5.000%, 08/15/2029		1,270		1,280
Illinois State, Finance Authority, The Chicago School, RB
5.000%, 04/01/2027		300		308
5.000%, 04/01/2028		400		416
Illinois State, Finance Authority, University of Chicago Medical Center, Ser A, RB
5.000%, 08/15/2029 (D)		2,500		2,522
Illinois State, Finance Authority, University of Chicago Medical Center, Ser B-1, RB
5.000%, 08/15/2052 (A)		1,500		1,516
Illinois State, Finance Authority, Waste Management Inc, AMT, RB
4.600%, 10/01/2053 (A)		5,500		5,565
Illinois State, GO
5.000%, 05/01/2030		1,145		1,146
Illinois State, Housing Development Authority, Homeowner Mortgage, Ser C, RB
2.300%, 02/01/2026		1,000		957
Illinois State, Housing Development Authority, Marshall Field Garden Apartment Homes, RB, FNMA
4.360%, 05/15/2050 (A)(E)		1,000		1,000
Illinois State, Ser A, GO
5.000%, 11/01/2026		2,740		2,814
Illinois State, Ser D, GO
5.000%, 11/01/2024		945		949
5.000%, 11/01/2026		3,515		3,610
Illinois State, Sports Facilities Authority, RB, AGM
5.000%, 06/15/2027		1,500		1,504

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Toll Highway Authority, Ser C, RB
5.000%, 01/01/2029	$	270	$	272
5.000%, 01/01/2036		110		111
Macon & De Witt Counties, Community Unit School District No. 2 Maroa-Forsyth, Ser C, GO, BAM
4.000%, 12/01/2025		1,260		1,262
Sales Tax Securitization, Ser A, RB
5.000%, 01/01/2025		1,000		1,007
Springfield, Electric Revenue, RB
5.000%, 03/01/2028		1,915		1,931
University of Illinois, University of Illinios Health Services Facilities System, RB
5.000%, 10/01/2027		375		389
5.000%, 10/01/2028		475		496
Will County, Community Unit School District No. 201-U Crete-Monee, Ser U-A, GO, BAM
5.000%, 01/01/2028		350		363
				47,494
Indiana — 5.9%
Clark-Pleasant, Community School, GO
5.000%, 01/15/2025		1,030		1,034
Fort Wayne, Redevelopment Authority, Grand Wayne Center Project, RB
4.000%, 02/01/2025		500		501
4.000%, 08/01/2025		810		813
Indiana State, Finance Authority, Indiana University Health, RB
2.250%, 12/01/2058 (A)		7,150		7,026
Indiana State, Finance Authority, Indianapolis Power, AMT, RB
0.950%, 12/01/2038 (A)		2,000		1,848
Indiana State, Finance Authority, Southern Indiana Gas and Electric Company Projects, RB
3.550%, 05/01/2037 (A)		1,930		1,876
3.450%, 07/01/2025		14,260		14,078
Indianapolis, Local Public Improvement Bond Bank, Indianapolis Airport Authority Project, AMT, RB
5.000%, 01/01/2026		1,085		1,101
Indianapolis, Local Public Improvement Bond Bank, Ser A, RB
5.000%, 06/01/2025		650		659
Indianapolis, Local Public Improvement Bond Bank, Ser E, RB, AMBAC
0.000%, 02/01/2025 (C)		3,545		3,449
Rockport, Pollution Control Revenue Bonds, Indiana Michigan Power Company Project, Ser B, RB
3.050%, 06/01/2025		10,465		10,332

SEI Tax Exempt Trust

27

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Terre Haute, Sanitary District, RB
5.250%, 09/28/2028	$	1,000	$	996
Westfield, Redevelopment Authority, RB
5.000%, 07/01/2027		480		498
Westfield-Washington, School District, GO
6.000%, 01/15/2026		340		347
Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB
5.000%, 11/01/2047 (A)		4,865		4,870
				49,428
Kansas — 0.9%
Kansas State, Department of Transportation, Ser C, RB
4.311%, 09/01/2024 (A)		2,925		2,927
Kansas State, Development Finance Authority, University of Kansas Project, Ser A, RB
5.000%, 05/01/2027		1,235		1,249
Reno County, Unified School District No. 308 Hutchinson, GO
3.000%, 09/01/2024		1,000		994
Valley Center, Ser 1, GO
4.375%, 12/01/2025		2,500		2,500
				7,670
Kentucky — 3.1%
Kentucky State, Economic Development Finance Authority, Norton Healthcare Inc, RB, NATL
0.000%, 10/01/2024 (C)		1,145		1,127
Kentucky State, Housing Corporation, Beecher Terrace Phase IV Project, RB, FHA
5.000%, 09/01/2043 (A)		4,315		4,377
Kentucky State, Interlocal School Transportation Association, COP
4.000%, 03/01/2028		1,255		1,264
Kentucky State, Public Energy Authority, Gas Supply, Ser B, RB
4.000%, 01/01/2049 (A)		2,835		2,834
Kentucky State, Public Energy Authority, Gas Supply, Ser C-1, RB
4.000%, 12/01/2049 (A)		2,000		1,999
Kentucky State, Public Energy Authority, Ser A, RB
5.000%, 07/01/2026		450		457
5.000%, 07/01/2028		1,000		1,016
4.000%, 12/01/2049 (A)		7,500		7,495
Rural Water, Financing Agency, RB
3.700%, 05/01/2027		2,000		1,982

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Trimble County, Environmental Facilities, AMT, RB
4.700%, 06/01/2054 (A)	$	1,500	$	1,501
University of Louisville, Ser F, RB
5.000%, 03/01/2027		2,000		2,059
				26,111
Louisiana — 2.6%
Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB
4.238%, 05/01/2043 (A)		1,950		1,914
Louisiana State, Local Government Environmental Facilities & Community Development Authority, East Baton Rouge Sewerage, Sub-Ser, RB
0.875%, 02/01/2046 (A)		2,000		1,950
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Louisiana Insurance Guaranty Association Project, RB
5.000%, 08/15/2026		1,355		1,384
5.000%, 08/15/2027		1,000		1,026
Louisiana State, Offshore Terminal Authority, Ser A, RB
4.150%, 09/01/2027		2,500		2,481
Louisiana State, Public Facilities Authority, Ochsner Clinic Foundation Project, RB
5.000%, 05/15/2050 (A)		1,000		1,007
St. John the Baptist Parish, Marathon Oil Project, RB
2.125%, 06/01/2037 (A)		8,000		7,980
2.100%, 06/01/2037 (A)		3,000		2,992
St. John the Baptist Parish, Marathon Oil Project, Sub-Ser, RB
2.375%, 06/01/2037 (A)		1,000		953
				21,687
Maryland — 2.8%
Maryland State, Community Development Administration, Rosemont LP, Ser I, RB
4.375%, 01/01/2025 (D)		6,325		6,301
Maryland State, Community Development Administration, South Street Senior LLC, Ser D, RB
3.150%, 07/01/2024		2,000		1,995
Maryland State, Health & Higher Educational Facilities Authority, Frederick Heath System, RB
5.000%, 07/01/2026		450		459
Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical, RB
5.000%, 07/01/2045 (A)		6,250		6,286

28

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Maryland State, Stadium Authority, Football Stadium, Ser A, RB
5.000%, 03/01/2026	$	410	$	419
5.000%, 03/01/2028		1,110		1,170
Washington Suburban, Sanitary Commission, RB
2.550%, 06/01/2027 (A)		6,500		6,500
				23,130
Massachusetts — 2.0%
Boston, Housing Authority, Ser B, RB
5.000%, 04/01/2025		400		405
Massachusetts State, Development Finance Agency, Partners Health Care System, RB
5.000%, 07/01/2027		1,435		1,453
3.960%, 07/01/2049 (A)(D)		6,250		6,230
Massachusetts State, Development Finance Agency, Springfield College, RB
5.000%, 06/01/2024		1,015		1,015
Massachusetts State, Development Finance Agency, Waste Management Project, AMT, RB
1.250%, 05/01/2027 (D)		2,500		2,242
Massachusetts State, Development Finance Agency, Wellforce, Ser C, RB, AGM
5.000%, 10/01/2027		435		453
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2024		575		575
5.000%, 07/01/2025		850		860
5.000%, 07/01/2026		1,000		1,016
Massachusetts State, Health & Educational Facilities Authority, Partners Health Care System, Ser G, RB, AGM
3.750%, 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		981
				16,555
Michigan — 2.0%
Chippewa Valley, Schools, GO, Q-SBLF
5.000%, 05/01/2025		900		911
Michigan State, Finance Authority, Henry Ford Health, Detroit South Campus, Central Utility Plant Project, RB
5.000%, 08/31/2027		355		367
Michigan State, Hospital Finance Authority, Trinity Health Credit Group, Ser C-, RB
5.000%, 12/01/2025		1,050		1,072

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Michigan State, Housing Development Authority, Clark Road Senior Apartments Project, RB
4.500%, 12/01/2042 (A)	$	5,500	$	5,517
Michigan State, Housing Development Authority, Rental Housing, Ser A, RB
3.300%, 04/01/2026		6,135		6,006
Wayne County, Airport Authority, Ser F, AMT, RB
5.000%, 12/01/2027		3,055		3,086
				16,959
Minnesota — 1.8%
Gibbon, Independent School District No. 2365, Ser A, GO
6.000%, 02/01/2026		280		291
6.000%, 02/01/2027		200		212
Kiester, Ser A, GO
3.625%, 12/01/2026		1,710		1,692
Minneapolis, Allina Health System, Ser A, RB
5.000%, 11/15/2052 (A)		2,000		2,093
Minneapolis, Fairview Health Services, Ser A, RB
5.000%, 11/15/2026		1,310		1,320
Minneapolis-State, Paul Metropolitan Airports Commission, Sub-Ser S, AMT, RB
5.000%, 01/01/2025		750		753
5.000%, 01/01/2026		450		457
Minnesota State, Higher Education Facilities Authority, Ser A, RB
5.000%, 10/01/2025		335		340
Minnesota State, Housing Finance Agency, Ser C, AMT, RB, GNMA/FNMA/FHLMC
1.200%, 01/01/2027		570		510
1.050%, 07/01/2026		1,145		1,044
0.950%, 01/01/2026		1,140		1,061
0.875%, 07/01/2025		1,130		1,076
0.800%, 01/01/2025		565		550
Minnesota State, Municipal Gas Agency, Ser A, RB
4.000%, 12/01/2024		1,500		1,500
Roseville, Independent School District No. 623, Ser A, COP
5.000%, 04/01/2026		500		505
Southern Minnesota, Municipal Power Agency, Ser A, RB, NATL
0.000%, 01/01/2025 (C)		1,465		1,428
				14,832

SEI Tax Exempt Trust

29

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Mississippi — 0.5%
Warren County, Environmental Improvement Revenue, International Paper Co Project, AMT, RB
1.600%, 08/01/2027 (A)	$	2,000	$	1,954
Warren County, Gulf Opportunity Zone Revenue, International Paper Co Project, RB
1.375%, 08/01/2027 (A)		2,500		2,437
				4,391
Missouri — 1.6%
Barry County, Law Enforcement Center Project, COP
5.000%, 10/01/2027		580		593
Jackson County, RB
5.000%, 12/01/2027		1,110		1,164
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		9,527
Missouri State, Health & Educational Facilities Authority, Saint Lukes Health System, RB
5.000%, 11/15/2026		565		580
Missouri State, Public Utilities Commission, RB
4.000%, 12/01/2024		2,000		1,996
				13,860
Nebraska — 0.6%
Central Plains, Energy Project, RB
4.000%, 12/01/2049 (A)		370		370
Central Plains, Energy Project, Ser A, RB
5.000%, 05/01/2054 (A)		1,000		1,042
Douglas County, Hospital Authority No. 3, Nebraska Methodist Health System, RB
5.000%, 11/01/2027		1,260		1,277
Gretna, COP
5.000%, 12/15/2025		2,000		2,012
				4,701
New Hampshire — 0.5%
National Finance Authority, New Hampshire Pollution Control Refunding, New York State Electric & Gas Corporation Project, AMT, RB
4.000%, 12/01/2028		525		516

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Hampshire State, Housing Finance Authority, Ser 4, RB, FHA
3.700%, 01/01/2027	$	1,870	$	1,822
3.625%, 04/01/2026		1,750		1,719
				4,057
New Jersey — 3.4%
Bergen County, Improvement Authority, RB
4.500%, 05/28/2025		1,250		1,257
Jersey City, Municipal Utilities Authority, Sewer Projects, Ser B, RB
5.000%, 05/01/2025		2,000		2,016
New Jersey State, Economic Development Authority, Municipal Rehabilitation, Ser S, RB
5.250%, 04/01/2026 (A)		3,500		3,597
New Jersey State, Economic Development Authority, School Facilities Construction Project, RB
4.610%, 09/01/2025 (A)		1,050		1,051
New Jersey State, Economic Development Authority, School Facilities Construction, Ser GGG, RB
5.250%, 09/01/2025 (D)		1,000		1,019
New Jersey State, Economic Development Authority, Ser A, RB
4.125%, 06/15/2026		860		860
New Jersey State, GO
5.000%, 06/01/2027		1,015		1,060
New Jersey State, Health Care Facilities Financing Authority, Greystone Park Psychiatric Hospital Project, RB
5.000%, 09/15/2024		4,000		4,013
New Jersey State, Health Care Facilities Financing Authority, RWJ Barnabas, RB
5.000%, 07/01/2029		1,605		1,646
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2025		2,850		2,888
New Jersey State, Housing & Mortgage Finance Agency, New Brunswick Apartments, Ser C2, RB, FHA
3.125%, 02/01/2025 (A)		5,620		5,597
New Jersey State, Transportation Trust Fund Authority, Ser C, RB, AGM
0.000%, 12/15/2029 (C)		985		795
Newark, Board of Education, GO
5.000%, 07/15/2024		600		601
Newark, Ser B, GO, AGM
5.000%, 10/01/2024		1,060		1,063

30

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Passaic, Ser A, GO
5.000%, 08/01/2024	$	695	$	696
5.000%, 08/01/2025		700		710
				28,869
New Mexico — 0.5%
Albuquerque, Municipal School District No. 12, GO
5.000%, 08/01/2024		3,000		3,006
Farmington, Pollution Control Revenue Bonds, San Juan Project, RB
3.900%, 06/01/2040 (A)		1,000		993
Santa Fe, Public School District, GO
4.000%, 08/01/2024		600		600
				4,599
New York — 6.7%
Amherst, Industrial Development Agency, RB, FHA/GNMA
3.900%, 04/01/2026 (A)		3,535		3,524
Cobleskill-Richmondville, Central School District, GO
4.750%, 06/21/2024		1,245		1,245
Hermon-DeKalb, Central School District, GO
4.500%, 06/28/2024		1,000		1,000
Long Island, Power Authority, Ser B, RB
5.000%, 09/01/2052 (A)		3,440		3,554
1.650%, 09/01/2049 (A)		2,945		2,921
0.850%, 09/01/2050 (A)		2,000		1,912
Long Island, Power Authority, Ser C, RB
3.810%, 09/01/2038 (A)		1,585		1,577
Lowville, Ser A, GO
4.625%, 08/22/2024		725		724
Metropolitan New York, Transportation Authority, Ser A2, RB
5.000%, 11/15/2027		1,500		1,551
Metropolitan New York, Transportation Authority, Sub-Ser, RB
5.000%, 11/15/2048 (A)		1,000		1,004
Monroe County, Industrial Development, Rochester Regional Health Project, RB
5.000%, 12/01/2024		550		551
New York & New Jersey, Port Authority, Ser 226, AMT, RB
5.000%, 10/15/2025		1,850		1,880
New York City, Housing Development Authority, RB, FHA
3.400%, 11/01/2062 (A)		5,000		4,905
0.600%, 05/01/2061 (A)		2,945		2,826
New York City, Housing Development Authority, Ser E-2, RB
3.800%, 11/01/2063 (A)		3,000		2,979
New York City, Ser 2-REM, GO
3.000%, 04/01/2042 (A)		2,800		2,800

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser C, RB
2.650%, 11/01/2036 (A)	$	5,200	$	5,200
New York State, Housing Finance Agency, Sustainability Bonds, RB, FHA
3.450%, 05/01/2062 (A)		1,000		981
New York State, Housing Finance Agency, Sustainability Bonds, Ser E, RB
0.950%, 05/01/2025		2,110		2,023
0.850%, 11/01/2024		1,305		1,277
New York State, Housing Finance Agency, Sustainability Bonds, Ser J, RB, FHA
0.750%, 05/01/2025		3,125		3,007
New York State, Housing Finance Agency, Sustainability Bonds, Ser P, RB
1.600%, 11/01/2024		1,080		1,067
New York State, Transportation Development Corporation, Terminal 4 JFK International Airport, AMT, RB
5.000%, 12/01/2026		1,000		1,019
New York State, Transportation Development Corporation, Terminal 4 JFK International Airport, RB
5.000%, 12/01/2024		900		904
5.000%, 12/01/2025		800		813
5.000%, 12/01/2026		1,000		1,027
Niagara, Frontier Transportation Authority, AMT, RB
5.000%, 04/01/2028		1,045		1,070
Triborough, Bridge & Tunnel Authority, Sub-Ser, RB
5.000%, 05/15/2050 (A)		3,000		3,059
				56,400
North Carolina — 0.5%
Charlotte-Mecklenburg, Hospital Authority, Ser C-REM, RB
3.450%, 01/15/2048 (A)		1,000		995
Charlotte-Mecklenburg, Hospital Authority, Ser E, RB
0.800%, 01/15/2048 (A)		1,000		959
Columbus County, Industrial Facilities & Pollution Control Financing Authority, International Paper Co Project, RB
1.375%, 05/01/2034 (A)		1,000		974
North Carolina State, Housing Finance Agency, Wind Crest Senior Living LP, RB
4.500%, 06/01/2024		1,000		1,000
				3,928

SEI Tax Exempt Trust

31

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
North Dakota — 0.6%
Cass County, Joint Water Resource District, Ser A, RB
3.450%, 04/01/2027	$	5,000	$	4,940
Grand Forks, Altru Health System, Ser A, RB, AGM
5.000%, 12/01/2026		100		103
5.000%, 12/01/2027		125		129
5.000%, 12/01/2028		125		131
				5,303
Ohio — 3.4%
Allen County, Hospital Facilities Revenue, RB
5.000%, 10/01/2049 (A)		3,500		3,631
American Municipal Power, Combined Hydroelectric Project, RB
1.000%, 02/15/2048 (A)		1,465		1,454
Cuyahoga, Metropolitan Housing Authority, Carver Park Phase III Project, RB, FHA
4.000%, 06/01/2026 (A)		6,500		6,477
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		3,723
Montgomery County, Premier Health Partners, RB
5.000%, 11/15/2024		1,000		1,002
Montgomery, GO
4.500%, 06/10/2025		1,000		1,005
Ohio State, Air Quality Development Authority, American Electric Company, AMT, RB
2.100%, 12/01/2027 (A)		3,000		2,961
Ohio State, Air Quality Development Authority, Duke Energy, AMT, RB
4.250%, 11/01/2039 (A)		1,500		1,494
Ohio State, Housing Finance Agency, Hitchcock Housing, Ser A, RB, FHA
5.000%, 04/01/2027 (A)		1,300		1,316
Ohio State, Housing Finance Agency, Post Oak Station, RB, FHA
3.350%, 07/01/2025 (A)		2,865		2,860
Ohio State, Housing Finance Agency, Riverview San Marco Apartments, RB, FHA
5.000%, 08/01/2026 (A)		2,140		2,154
				28,244
Oklahoma — 2.1%
Oklahoma State, Development Finance Authority, Ser A, RB
5.000%, 08/15/2031		810		817

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Payne County, Economic Development Authority, Stillwater Public Schools Project, RB, BAM
5.000%, 09/01/2028	$	2,000	$	2,099
Tulsa, Ser A, GO
0.050%, 01/01/2026		9,095		8,489
0.050%, 01/01/2027		5,735		5,129
University of Oklahoma, Ser A, RB, BAM
5.000%, 07/01/2026		330		340
Washington County, Educational Facilities Authority, Dewey Public Schools Project, RB
5.000%, 09/01/2025		400		404
				17,278
Oregon — 1.2%
Deschutes & Jefferson Counties, School District No. 2J Redmond, GO
0.000%, 06/15/2025 (C)		555		534
Lane County, School District No. 1 Pleasant Hill, Ser B-CABS, GO
0.000%, 06/15/2027 (C)		350		308
Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO
0.000%, 06/15/2025 (C)		1,970		1,895
0.000%, 06/15/2026 (C)		3,270		3,029
Multnomah County, School District No. 40, Ser A, GO
0.000%, 06/15/2026 (C)		250		231
0.000%, 06/15/2028 (C)		395		339
Oregon State, Business Development Commission, Intel Corporation Project, Ser 232-RE, RB
3.800%, 12/01/2040 (A)		1,000		992
Salem, Hospital Facility Authority, Capital Manor Project, RB
5.000%, 05/15/2025		130		130
Washington Multnomah & Yamhill Counties, Hillsboro School District No. 1J, GO
5.000%, 06/15/2026		2,645		2,725
				10,183
Pennsylvania — 3.5%
Allegheny County, Hospital Development Authority, University of Pittsburgh Medical Center, Ser D2-B-REMK, RB
3.780%, 11/15/2024 (A)		1,795		1,791
Allegheny County, Hospital Development Authority, University of Pittsburgh Medical Center, Ser Senior D2-E-REMK, RB
4.060%, 11/15/2047 (A)		3,000		2,985

32

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Bethlehem, School District Authority, RB
3.928%, 01/01/2030 (A)	$	520	$	513
3.928%, 07/01/2031 (A)		925		913
3.928%, 01/01/2032 (A)		570		563
Dallastown Area, School District, GO
5.000%, 04/15/2027		520		524
Lackawanna County, Industrial Development Authority, Scranton University, RB
5.000%, 11/01/2024		250		251
Lehigh County, General Purpose Authority, Lehigh Valley Academy, RB
4.000%, 06/01/2024		600		600
Lehigh County, Industrial Development Authority, PPL Electric Utilities, RB
2.625%, 02/15/2027		1,000		952
Lycoming County, College Revenue Authority, Lycoming College Project, RB
4.500%, 11/01/2035 (A)		1,000		995
Monroeville, Finance Authority, University of Pittsburgh Medical Center, Ser C, RB
5.000%, 05/15/2028		570		597
Parkland, School District, Ser A, GO
4.000%, 02/01/2025		100		100
Pennsbury, School District, GO
4.000%, 08/01/2024		1,260		1,260
Pennsylvania State, Economic Development Financing Authority, Waste Management Project, AMT, RB
4.250%, 06/01/2041 (A)		500		500
1.750%, 08/01/2038 (A)		4,250		4,229
Pennsylvania State, GO
5.000%, 01/01/2028		3,265		3,382
Pennsylvania State, Housing Finance Agency, Ser 120, RB
2.350%, 04/01/2027		1,295		1,208
Pennsylvania State, Turnpike Commission, RB
3.360%, 07/15/2041 (A)		2,500		2,501
Pennsylvania State, Turnpike Commission, Ser A, RB
4.000%, 12/01/2025		1,015		1,023
Pennsylvania State, Turnpike Commission, Ser A, RB, AGM
5.250%, 07/15/2025		1,100		1,121
Philadelphia, Gas Works Revenue Authority, RB
5.000%, 08/01/2030		1,500		1,518
Philadelphia, School District, Ser A, GO
5.000%, 09/01/2027		1,155		1,197
Philadelphia, School District, Ser F, GO
5.000%, 09/01/2029		295		302

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	$	476
				29,501
Puerto Rico — 0.0%
Puerto Rico, Industrial Tourist Educational Medical & Enviromental Control Facilities Financing Authority, RB
5.000%, 07/01/2024		140		140
Rhode Island — 0.4%
East Providence, GO
4.000%, 07/31/2024		3,000		3,000
South Carolina — 0.1%
South Carolina, Ports Authority, AMT, RB
5.000%, 07/01/2027		400		410
Tennessee — 0.9%
Johnson City, Health & Educational Facilities Board, Ballad Health, Ser A, RB
5.000%, 07/01/2024		500		500
5.000%, 07/01/2027		400		413
5.000%, 07/01/2028		400		416
Knox County, Health Educational & Housing Facility Board, Westview Towers Project, RB, FHA
3.950%, 12/01/2027 (A)		500		493
Memphis, Health Educational & Housing Facility Board, Tillman Cove Apartments, RB, FHA
4.000%, 12/01/2024		1,000		1,000
Tennergy, Gas Revenue, Ser A, RB
5.500%, 12/01/2027		750		767
5.250%, 12/01/2026		700		707
4.000%, 09/01/2024		500		499
Williamson County, Industrial Development Board, Wood Duck Court Apartments, RB, FHA
5.000%, 05/01/2042 (A)		3,060		3,108
				7,903
Texas — 15.3%
Arlington, Higher Education Finance, Trinity Basein Preparatory, RB, PSF-GTD
5.000%, 08/15/2026		320		329
Arlington, Housing Finance, RB
4.500%, 04/01/2041 (A)		5,000		5,023
3.500%, 11/01/2043 (A)		11,000		10,917
Central Texas, Regional Mobility Authority, Ser F, RB
5.000%, 01/01/2025		1,500		1,501

SEI Tax Exempt Trust

33

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Clear Creek, Independent School District, GO, PSF-GTD
0.280%, 02/15/2038 (A)	$	1,000	$	992
Clear Creek, Independent School District, Ser B-REMK, GO, PSF-GTD
3.600%, 02/15/2035 (A)		1,500		1,497
Clifton, Higher Education Finance, Ser A, RB
5.000%, 08/15/2024		350		350
Conroe, Municipal Management District No. 1, GO, BAM
6.500%, 09/01/2025		670		689
6.500%, 09/01/2026		390		410
6.500%, 09/01/2027		635		682
6.500%, 09/01/2028		245		268
Cypress-Fairbanks, Independent School District, Ser B, GO, PSF-GTD
0.280%, 02/15/2040 (A)		1,295		1,284
Dallas City, Hotel Occupancy Tax Revenue, RB
5.000%, 08/15/2024		505		506
Dallas City, Housing Finance Corporation, Multifamily Housing Revenue, Rosemont at Ash Creek Apartments, RB, FHA
5.000%, 07/01/2026 (A)		2,750		2,780
Dallas City, Housing Finance Corporation, Multifamily Housing Revenue, The Positano, RB, FHA
5.000%, 09/01/2026 (A)		2,235		2,257
Dallas City, Kay Bailey Hutchinson Convention Center, Special Tax
6.000%, 08/15/2053 (A)(D)		1,500		1,512
Dallas-Fort Worth, International Airport Revenue, Ser A, RB
5.000%, 11/01/2024		1,000		1,005
Denton County, GO
4.000%, 07/15/2027		740		740
Denton, Independent School District, GO, PSF-GTD
5.000%, 08/15/2026		1,000		1,032
El Paso, Independent School District, Ser R, GO
5.000%, 02/01/2040 (A)		1,960		1,991
Fort Bend County, Ser B, GO
5.000%, 03/01/2029		1,250		1,260
Fort Bend, Independent School District, Ser B, GO, PSF-GTD
4.000%, 08/01/2054 (A)		2,000		2,016
0.875%, 08/01/2050 (A)		765		737
0.720%, 08/01/2051 (A)		845		775
Fort Bend, Independent School District, Ser B-REMK, GO, PSF-GTD
3.650%, 08/01/2052 (A)		2,000		1,997

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Galveston, Public Facility, The Oleanders at Broadway, RB, FHA
0.470%, 08/01/2025 (A)	$	1,500	$	1,490
Greater Texoma, Utility Authority, RB, AGM
4.000%, 10/01/2027		385		389
4.000%, 10/01/2028		525		533
Hale Center, Education Facilities, Wayland Baptist University Project, RB
5.000%, 03/01/2025		450		451
Harlandale, Independent School District, GO, BAM
2.000%, 08/15/2040 (A)		3,135		3,121
Harris County, Cultural Education Facilities Finance, Texas Medical Center, Ser A, RB
0.900%, 05/15/2050 (A)		1,000		965
Harris County, Municipal Utility District No. 1, GO, AGM
4.000%, 09/01/2025		635		637
4.000%, 09/01/2026		665		667
4.000%, 09/01/2027		695		699
4.000%, 09/01/2028		725		730
4.000%, 09/01/2029		755		758
Harris County, Municipal Utility District No. 238, GO, NATL
4.000%, 04/01/2030		710		711
Harris County, Municipal Utility District No. 502, GO, BAM
7.250%, 09/01/2025		455		473
7.250%, 09/01/2026		470		504
7.250%, 09/01/2027		480		529
7.250%, 09/01/2028		495		560
Harris-Waller Counties, Municipal Utility District No. 4, GO, BAM
7.250%, 11/01/2025		115		120
7.250%, 11/01/2026		230		245
7.250%, 11/01/2027		350		382
7.250%, 11/01/2028		345		385
7.250%, 11/01/2029		390		444
Housing Synergy PFC, Multifamily Housing, Villages of Westlake Apartments, RB, FHA
3.500%, 08/01/2025 (A)		1,753		1,749
Houston, East Downtown, Redevelopment Authority, TA
5.000%, 09/01/2025		295		297
Houston, Hotel Occupancy Tax & Special Revenue, RB
5.000%, 09/01/2025		1,000		1,003
5.000%, 09/01/2030		1,000		1,002
Houston, Independent School District, GO, PSF-GTD
3.500%, 06/01/2039 (A)		9,590		9,519
Irving, GO
5.000%, 09/15/2024		1,000		1,003

34

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Katy, Independent School District, GO, PSF-GTD
1.500%, 08/15/2050 (A)	$	1,000	$	994
Kaufman County, Municipal Utility District No. 5, GO, BAM
5.000%, 03/01/2025		285		287
5.000%, 03/01/2026		300		305
5.000%, 03/01/2028		305		317
Kermit, Independent School District, GO, PSF-GTD
5.000%, 02/15/2025		200		202
Kilgore, Independent School District, GO, PSF-GTD
2.000%, 02/15/2052 (A)		2,190		2,144
Midland County, Hospital District, Ser A, RB, BAM
5.000%, 05/15/2029		800		856
Midlothian, Independent School District, Ser C-REMK, GO, PSF-GTD
2.000%, 08/01/2051 (A)		1,360		1,355
Midlothian, Independent School District, Ser C-REMK, GO, PSF-GTD
Pre-Refunded @ 100
2.000%, 08/01/2024 (A)(B)		640		638
Montgomery County, Municipal Utility District No. 140, GO, AGM
5.750%, 09/01/2026		175		181
5.750%, 09/01/2027		185		194
5.750%, 09/01/2028		195		207
5.750%, 09/01/2029		205		220
5.375%, 09/01/2030		220		234
Montgomery County, Municipal Utility District No. 186, GO, AGM
5.500%, 12/01/2026		250		261
5.500%, 12/01/2027		250		265
5.500%, 12/01/2028		250		269
5.250%, 12/01/2029		250		269
5.000%, 12/01/2030		250		268
New Caney, Independent School District, GO, PSF-GTD
1.250%, 02/15/2050 (A)		1,305		1,297
North East Texas, Independent School District, GO, PSF-GTD
3.600%, 08/01/2052 (A)		3,000		2,995
North Hays County, Municipal Utility District No. 1, GO, BAM
3.000%, 08/15/2024		325		324
3.000%, 08/15/2025		335		329
North Texas, Tollway Authority, Ser A, RB
5.000%, 01/01/2026		1,880		1,924
5.000%, 01/01/2027		1,650		1,714
Northside, Independent School District, Ser B, GO, PSF-GTD
3.450%, 08/01/2054 (A)		3,500		3,475

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Odessa, Junior College District, RB, AGM
4.000%, 07/01/2024	$	325	$	325
Plainview, Independent School District, Ser B-REMK, GO, PSF-GTD
4.000%, 02/15/2050 (A)		1,310		1,306
Port Arthur, Port Authority, GO, BAM
5.000%, 02/15/2026		200		204
Prosper, Independent School District, GO, PSF-GTD
3.000%, 02/15/2053 (A)		3,045		3,017
San Antonio, Electric & Gas Systems Revenue, RB
4.230%, 02/01/2048 (A)		2,500		2,496
3.650%, 02/01/2053 (A)		1,000		993
San Antonio, Electric & Gas Systems Revenue, Ser A, RB
1.750%, 02/01/2033 (A)		8,705		8,578
San Antonio, Water System, Ser 2013F-REMK, RB
1.000%, 05/01/2043 (A)		1,120		1,012
Tarrant County, Cultural Education Facilities Finance, Baylor Scott & White Health Project, RB
5.000%, 11/15/2052 (A)		1,075		1,099
Tarrant County, Cultural Education Facilities Finance, Buckner Retirement Services Project, RB
5.000%, 11/15/2025		1,370		1,367
Tarrant County, Cultural Education Facilities Finance, Christus Health, Ser B, RB
5.000%, 07/01/2024		2,000		2,002
Tender Option Bond Trust Receipts, Ser 2022-XF1367, RB
2.820%, 07/01/2030 (A)(D)		200		200
Texas State, Affordable Housing Corporation, Norman Commons, RB
3.625%, 01/01/2045 (A)		940		916
Texas State, Municipal Gas Acquisition & Supply I, Ser Senior B, RB
4.446%, 12/15/2026 (A)		975		972
Texas State, Municipal Gas Acquisition & Supply II, Ser C, RB
4.380%, 09/15/2027 (A)		6,230		6,222
Texas State, Municipal Gas Acquisition & Supply IV, Ser A, RB
5.250%, 01/01/2026		1,000		1,012
5.250%, 01/01/2028		3,185		3,265
Williamson County, Municipal Utility District No. 19a, Ser A, GO, BAM
4.500%, 08/15/2024		245		245
4.500%, 08/15/2025		250		251
				128,922

SEI Tax Exempt Trust

35

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Utah — 0.4%
Cache County, School District, GO
4.000%, 06/15/2030	$	1,500	$	1,510
Ogden, School District, GO
5.000%, 06/15/2026		1,250		1,290
Salt Lake City, Airport Revenue, Ser A, AMT, RB
5.000%, 07/01/2026		200		204
Utah State, Charter School Finance Authority, Summit Academy, Ser A, RB
5.000%, 04/15/2027		250		256
5.000%, 04/15/2029		200		208
5.000%, 04/15/2030		215		226
				3,694
Virginia — 2.1%
Fairfax County, Redevelopment & Housing Authority, Dominion Square North Project, RB
5.000%, 01/01/2045 (A)		5,550		5,679
Halifax County, Industrial Development Authority, Virginia Electric & Power Project, RB
1.650%, 12/01/2041 (A)		2,000		2,000
Harrisonburg, Redevelopment & Housing Authority, Wesley Apartments Project, RB
4.000%, 12/01/2028 (A)		1,650		1,645
Isle of Wight County, Economic Development Authority, RB, AGM
5.000%, 07/01/2029		500		530
5.000%, 07/01/2030		550		589
Louisa, Industrial Development Authority, Virginia Electric & Power Project, RB
1.650%, 11/01/2035 (A)		5,500		5,500
Virginia State, Housing Development Authority, Ser C, RB
3.900%, 01/01/2030		315		309
3.800%, 07/01/2029		355		345
Virginia State, Small Business Financing Authority, The Obligated Group of National Senior Campuses Inc, RB
5.000%, 01/01/2025		1,000		1,002
				17,599
Washington — 1.5%
Central Puget Sound, Regional Transit Authority, Motor Vehicle Sales & Use Tax, Ser 2015S, RB
3.560%, 11/01/2045 (A)		6,000		5,920
King County, School District No. 405 Bellevue, GO
5.000%, 12/01/2024		2,200		2,214

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Port of Seattle, AMT, RB
5.000%, 08/01/2026	$	1,500	$	1,531
Seattle, Housing Authority, Northgate Plaza Project, RB
1.000%, 06/01/2026		1,000		923
Skagit County, Public Hospital District No. 1, RB
4.000%, 12/01/2026		1,000		982
Snohomish County, School District No. 15 Edmonds, GO
5.000%, 12/01/2024		1,000		1,007
Washington State, Housing Finance Commission, Emerald Heights Project, Ser A, RB
5.000%, 07/01/2025		350		353
				12,930
West Virginia — 1.3%
West Virginia, Economic Development Authority, Appalachian Power Amos Project, RB
3.750%, 12/01/2042 (A)		10,000		9,974
3.375%, 03/01/2040 (A)		1,000		974
				10,948
Wisconsin — 3.3%
Clayton Town, Winnebago County, Ser B, RB
2.000%, 06/01/2026		1,155		1,088
Dane County, Airport Project, AMT, GO
5.000%, 06/01/2025		2,015		2,040
5.000%, 06/01/2026		2,120		2,157
5.000%, 06/01/2027		2,230		2,289
Fort Atkinson, GO
4.000%, 02/01/2027		340		343
Milwaukee, Ser B3, GO
4.000%, 03/15/2028		1,115		1,116
Milwaukee, Ser N-4, GO
5.000%, 04/01/2029		885		924
PMA Levy & Aid Anticipation Notes Program, Ser B, RB
5.000%, 09/25/2024		1,000		1,002
Watertown, RB
4.000%, 10/01/2025		1,225		1,223
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, Ser S, RB
5.000%, 08/15/2054 (A)		1,000		1,019
Wisconsin State, Health & Educational Facilities Authority, Forensic Science & Protective Medicine Collaboration Project, RB
5.000%, 08/01/2027 (D)		4,500		4,556

36

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Short Duration Municipal Fund (Concluded)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Health & Educational Facilities Authority, Rogers Memorial Hospital, RB
5.000%, 07/01/2029	$	310	$	310
Wisconsin State, Health & Educational Facilities Authority, UnityPoint Health, Ser A, RB
5.000%, 12/01/2028		1,300		1,302
Wisconsin State, Housing & Economic Development Authority, Ser A, RB
0.700%, 09/01/2025		1,245		1,175
0.650%, 03/01/2025		1,700		1,651
Wisconsin State, Housing & Economic Development Authority, Ser B, RB, FHA
0.500%, 11/01/2050 (A)		540		528
Wisconsin State, Public Finance Authority, Duke Energy Progress Project, RB
3.300%, 10/01/2046 (A)		1,000		981
Wisconsin State, Public Finance Authority, Renown Regional Medical Center Project, RB
5.000%, 06/01/2024		1,120		1,120
Wisconsin State, Public Finance Authority, Waste Management Project, AMT, RB
1.100%, 04/01/2033 (A)		3,000		2,791
				27,615
Wyoming — 0.2%
Sublette County, Hospital District, Hospital Contruction Project, Ser A, RB
5.000%, 06/15/2026		2,000		1,980
Total Municipal Bonds
(Cost $864,130) ($ Thousands)				849,271
Total Investments in Securities — 101.0%
(Cost $864,130) ($ Thousands)			$	849,271

	Percentages are based on Net Assets of $840,813 ($ 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.
(B)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(C)	Zero coupon security.
(D)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2024, the value of these securities amounted to $26,040 ($ Thousands), representing 3.1% of the Net Assets of the Fund.
(E)	Securities are held in connection with a letter of credit issued by a major bank.

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

37

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

California Municipal Bond Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 99.7%
California — 99.1%
ABAG, Finance Authority for Nonprofit, Windemere Ranch Infrastructure Project, Ser A, Special Tax, AGM
5.000%, 09/02/2025	$	990	$	1,007
Anaheim, Housing & Public Improvements Authority, Electric Utility Generation System Improvements, Ser S, RB
5.000%, 10/01/2034		1,000		1,055
Anaheim, Redevelopment Agency Successor Agency, Ser A, TA
5.000%, 02/01/2027		2,000		2,089
Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Ser B, AMT, RB
5.000%, 07/01/2032		4,215		4,542
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.250%, 11/01/2054 (A)		4,000		4,249
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		5,000		4,961
California State, Community Choice Financing Authority, Clean Energy Project, Ser D, RB
5.500%, 05/01/2054 (A)		2,000		2,120
California State, Educational Facilities Authority, Chapman University Project, Ser A, RB
5.000%, 04/01/2029		400		429
5.000%, 04/01/2030		425		462
5.000%, 04/01/2031		470		516
California State, Educational Facilities Authority, Stanford University Project, Ser V-3, RB
5.000%, 06/01/2033		2,055		2,382
California State, GO
5.000%, 08/01/2028		2,665		2,786
5.000%, 08/01/2031		5,000		5,232
5.000%, 11/01/2031		7,500		8,292
5.000%, 09/01/2032		1,000		1,132
5.000%, 09/01/2035		1,000		1,143
5.000%, 10/01/2035		5,000		5,684
4.000%, 08/01/2035		2,500		2,502
California State, GO, AGM
5.250%, 08/01/2032		2,000		2,260
California State, Health Facilities Financing Authority, Children's Hospital of Orange County, RB
5.000%, 11/01/2027		1,500		1,585

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Health Facilities Financing Authority, City of Hope Project, RB
5.000%, 11/15/2027	$	1,200	$	1,203
California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser 2006-C, RB
5.000%, 06/01/2041 (A)		4,000		4,278
California State, Health Facilities Financing Authority, RB
5.000%, 11/01/2054 (A)		1,000		1,098
California State, Health Facilities Financing Authority, Ser A, RB
5.000%, 12/01/2035		1,000		1,136
5.000%, 12/01/2036		1,000		1,128
California State, Health Facilities Financing Authority, Ser S, RB
5.000%, 12/01/2036		2,500		2,732
5.000%, 12/01/2037		1,750		1,900
California State, Health Facilities Financing Authority, St. Joseph Health System, RB
5.000%, 10/01/2039 (A)		1,500		1,541
California State, Health Facilities Financing Authority, Stanford Health Care, RB
3.000%, 08/15/2054 (A)		2,000		1,979
California State, Health Facilities Financing Authority, Stanford Health Care, Ser A, RB
5.000%, 11/15/2027		1,000		1,062
California State, Health Facilities Financing Authority, Sutter Health Project, Ser A, RB
5.000%, 11/15/2026		500		517
California State, Housing Finance Agency, Ser 2, RB
4.000%, 03/20/2033		927		911
California State, Housing Finance Agency, Ser A, RB
4.250%, 01/15/2035		1,390		1,349
California State, Infrastructure & Economic Development Bank, Academy Motion Picture Art, RB
5.000%, 11/01/2030		3,000		3,329
California State, Infrastructure & Economic Development Bank, Academy Motion Picture Art, Ser B, RB
5.000%, 11/01/2029		2,125		2,312
California State, Infrastructure & Economic Development Bank, California Academy of Sciences, RB
3.250%, 08/01/2029		3,000		2,924

38

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

California Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Infrastructure & Economic Development Bank, National Charter School Revolving Loan Fund, Ser B, RB
5.000%, 11/01/2031	$	535	$	584
5.000%, 11/01/2032		850		933
California State, Municipal Finance Authority, Biola University Project, RB
5.000%, 10/01/2024		1,110		1,111
California State, Municipal Finance Authority, Community Medical Centers, Ser A, RB
5.000%, 02/01/2025		1,000		1,004
California State, Municipal Finance Authority, Eisenhower Medical Center, Ser A, RB
5.000%, 07/01/2025		500		503
5.000%, 07/01/2027		1,170		1,196
California State, Municipal Finance Authority, Eisenhower Medical Center, Ser B, RB
5.000%, 07/01/2026		450		456
California State, Municipal Finance Authority, Humangood Obligation Group, Ser A, RB
4.000%, 10/01/2029		1,260		1,262
California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM
5.000%, 05/15/2029		700		739
5.000%, 05/15/2030		900		960
California State, Municipal Finance Authority, Republic Services Inc Project, AMT, RB
4.375%, 09/01/2053 (A)		2,000		2,063
California State, Municipal Finance Authority, UCR North District, Phase 1 Student Project, RB, BAM
5.000%, 05/15/2026		500		511
California State, Municipal Finance Authority, Waste Management Project, Ser A, RB
1.300%, 02/01/2039 (A)(B)		2,000		1,944
California State, Public Finance Authority, Healthcare Obligated Group, RB
5.000%, 08/01/2033		1,000		1,153
California State, Public Works Board, May Lee State Office Complex, Ser S, RB
5.000%, 04/01/2036		750		853
California State, Public Works Board, Various Capital Projects, RB
5.000%, 12/01/2035		2,000		2,245

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Public Works Board, Various Capital Projects, Ser B, RB
Pre-Refunded @ 100
5.000%, 10/01/2027 (C)	$	120	$	127
California State, Statewide Communities Development Authority, Kaiser Permanente Project, Ser 2004-M, RB
5.000%, 04/01/2038 (A)		4,000		4,278
California State, Statewide Communities Development Authority, Student Housing, University of California, Irvine Campus Apartments, RB, BAM
4.000%, 05/15/2046		1,000		964
California State, University Revenue Systemwide, Ser 2016B-2, RB
0.550%, 11/01/2049 (A)		3,000		2,692
California State, Various Purpose, GO
5.000%, 03/01/2029		1,300		1,401
5.000%, 10/01/2030		1,230		1,333
Chabot-Las Positas, Community College District, Ser B, GO
3.000%, 08/01/2030		1,250		1,173
FHLMC Multifamily Certificates, Relating to Municipal Securities, Ser M-049, RB
3.050%, 04/15/2034		1,340		1,169
Golden State, Tobacco Securitization Project, Ser A1, RB
5.000%, 06/01/2025 (D)		3,365		3,423
5.000%, 06/01/2026 (D)		1,500		1,550
Hesperia Community, Redevelopment Agency Successor Agency, Ser A, TA, AGM
5.000%, 09/01/2029		2,275		2,415
Indio, Electric Financing Authority, Ser A, RB
5.000%, 01/01/2033		130		146
5.000%, 01/01/2034		175		196
5.000%, 01/01/2035		135		152
Inglewood, Redevelopment Agency Successor Agency, Merged Redevelopment Project, Sub-Ser, TA, BAM
5.000%, 05/01/2026		500		514
Lodi, Public Financing Authority, RB, AGM
5.000%, 09/01/2026		1,000		1,030
Long Beach, Bond Finance Authority, RB
5.000%, 08/01/2035		500		577
Long Beach, Harbor Revenue, Ser C, AMT, RB
5.000%, 05/15/2026		2,370		2,392
Los Angeles Community College District, GO
5.000%, 08/01/2037		1,100		1,269

SEI Tax Exempt Trust

39

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

California Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Los Angeles County, Metropolitan Transportation Authority, RB
5.000%, 06/01/2030	$	545	$	603
5.000%, 07/01/2035		1,000		1,157
Los Angeles Unified School District, Ser A, GO
5.000%, 07/01/2034		2,230		2,579
Los Angeles, Department of Airports, Los Angeles International Airport Project, Ser G, AMT, RB
5.000%, 05/15/2034		1,500		1,621
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser A, AMT, RB
5.000%, 05/15/2032		2,680		2,887
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB
5.000%, 05/15/2027		7,990		8,207
5.000%, 05/15/2028		1,000		1,040
5.000%, 05/15/2029		3,000		3,147
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, RB
5.000%, 05/15/2036		250		288
Los Angeles, Department of Water & Power, Water System Revenue, Ser D, RB
5.000%, 07/01/2033		385		439
5.000%, 07/01/2034		545		621
5.000%, 07/01/2035		1,210		1,377
Los Angeles, Municipal Improvement Corp, Capital Equipment and Real Property, RB
5.000%, 05/01/2034		500		581
5.000%, 05/01/2035		500		580
Los Angeles, Unified School District, Ser A, COP
5.000%, 10/01/2035		3,000		3,410
Los Angeles, Unified School District, Ser A, GO
5.000%, 07/01/2029		3,940		4,283
5.000%, 07/01/2031		5,000		5,543
Los Angeles, Unified School District, Ser B1, GO
5.000%, 07/01/2029		1,000		1,060
Modesto, Irrigation District, Ser A, RB
5.000%, 10/01/2034		700		809
5.000%, 10/01/2035		900		1,041
Northern California, Energy Authority, Ser A, RB
4.000%, 07/01/2049 (A)		3,000		3,000
Northern California, Tobacco Securitization Authority, RB
4.000%, 06/01/2049		875		872

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Palm Springs, Airport Revenue, Palm Springs International Airport Project, AMT, RB, BAM
5.000%, 06/01/2028	$	1,100	$	1,107
Redlands, Unified School District, San Bernadino County, GO
5.000%, 07/01/2028		1,000		1,054
Riverside, Unified School District, Ser B, GO
4.000%, 08/01/2028		1,000		1,022
Sacramento, Municipal Utility District, Ser I, RB
5.000%, 08/15/2028		1,000		1,074
Sacramento, Municipal Utility District, Ser N-1, RB
5.000%, 11/15/2036		3,000		3,475
San Diego County, Regional Airport Authority, AMT, RB
5.250%, 07/01/2035		2,000		2,227
San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB
5.000%, 07/01/2026		400		408
5.000%, 07/01/2027		500		516
5.000%, 07/01/2028		1,000		1,023
5.000%, 07/01/2031		5,000		5,347
San Diego, Association of Governments South Bay Expressway Revenue, Ser A, RB
5.000%, 07/01/2028		1,000		1,046
San Diego, Public Facilities Financing Authority, Capital Improvement Projects, RB
5.000%, 10/15/2032		350		401
5.000%, 10/15/2033		250		288
5.000%, 10/15/2034		250		288
5.000%, 10/15/2035		250		288
San Diego, Public Facilities Financing Authority, Capital Improvement Projects, Ser A, RB
5.000%, 10/15/2030		400		445
San Francisco Bay Area, Rapid Transit District, Ser C-1, GO
4.000%, 08/01/2031		2,000		2,081
San Francisco City & County, Airport Commission, San Francisco International Airport, AMT, RB
5.000%, 01/01/2026		2,500		2,534
San Francisco City & County, Airport Commission, San Francisco International Airport, Ser B, RB
5.000%, 05/01/2032		2,500		2,798
San Francisco City & County, Airport Comm-San Francisco International Airport, AMT, RB
5.000%, 05/01/2037		1,500		1,626

40

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

California Municipal Bond Fund (Continued)

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	$	2,279
San Francisco City & County, Redevelopment Agency Successor Agency, Special Tax, AGM
5.000%, 08/01/2035		700		795
San Jose, Norman Y Mineta San Jose International Airport SJC, Ser A, AMT, RB
5.000%, 03/01/2026		1,780		1,809
San Jose, Norman Y Mineta San Jose International Airport SJC, Ser B, RB
5.000%, 03/01/2029		500		542
5.000%, 03/01/2030		700		770
5.000%, 03/01/2031		860		959
San Jose, Redevelopment Agency Successor Agency, Sub-Ser B, TA
5.000%, 08/01/2027		1,000		1,052
Santa Ana, College Improvement District #1, Rancho Santiago Community College District, GO
3.000%, 08/01/2032		1,000		921
3.000%, 08/01/2033		2,580		2,318
Santa Barbara County, Solid Waste Systems, Ser B, AMT, COP
5.000%, 12/01/2025		1,440		1,465
Stockton, Redevelopment Agency, Successor Agency, Ser A, TA, AGM
5.000%, 09/01/2026		1,000		1,026
5.000%, 09/01/2027		1,000		1,028
Tulare, Local Health Care District, GO, BAM
4.000%, 08/01/2027		585		592
4.000%, 08/01/2028		435		442
4.000%, 08/01/2029		735		750
4.000%, 08/01/2030		1,320		1,351
Union, Sanitary District Financing Authority, Ser A, RB
4.000%, 09/01/2031		500		526
University of California, Ser BV, RB
5.000%, 05/15/2036		3,000		3,465
University of California, Ser S, RB
5.000%, 05/15/2033		1,110		1,253
Vernon, Electric System Revenue, Ser A, RB
5.000%, 10/01/2027		1,000		1,031
5.000%, 04/01/2028		2,000		2,068
Western, Municipal Water District Facilities Authority, Ser A, RB
5.000%, 10/01/2033		2,000		2,229
				231,009

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Guam — 0.6%
Guam Government Waterworks Authority, Water Revenue, Ser A, RB
5.000%, 07/01/2035	$	1,375	$	1,506
Total Municipal Bonds
(Cost $247,688) ($ Thousands)				232,515
	Shares
CASH EQUIVALENT — 0.7%
SEI Daily Income Trust, Government Fund, Institutional Class
5.050%**†		1,647,311		1,647
Total Cash Equivalent
(Cost $1,647) ($ Thousands)				1,647
Total Investments in Securities — 100.4%
(Cost $249,335) ($ Thousands)			$	234,162

	Percentages are based on Net Assets of $233,118 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2024.
†	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, 2024, the value of these securities amounted to $1,944 ($ Thousands), representing 0.8% of the Net Assets of the Fund.
(C)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(D)	Security is escrowed to maturity.

SEI Tax Exempt Trust

41

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

California Municipal Bond Fund (Concluded)

The following is a summary of the transactions with affiliates for the period ended May 31, 2024 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 5/31/2024		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	361	$	53,567	$	(52,281	)	$	—	$	—	$	1,647	$	101	$	—

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

See “Glossary” for abbreviations.

42

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Massachusetts Municipal Bond Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.7%
Guam — 0.7%
Guam, Waterworks Authority, Ser A, RB
5.000%, 07/01/2036	$	400	$	437
Massachusetts — 98.0%
Boston, Ser A, GO
4.000%, 11/01/2031		1,500		1,580
Hingham, GO
4.000%, 02/15/2030		340		350
4.000%, 02/15/2031		320		329
Lowell, GO
5.000%, 09/01/2027		1,520		1,605
Massachusetts Bay, Transportation Authority, Ser A, RB
5.250%, 07/01/2030		500		558
5.250%, 07/01/2031		750		851
5.000%, 07/01/2027		1,500		1,580
Massachusetts Bay, Transportation Authority, Sub-Ser A-1, RB
5.000%, 07/01/2031		1,000		1,119
Massachusetts State, Clean Water Trust, RB
5.000%, 08/01/2030		1,315		1,460
5.000%, 02/01/2032		1,000		1,133
5.000%, 02/01/2033		1,000		1,148
Massachusetts State, Clean Water Trust, Ser 23B, RB
5.000%, 02/01/2029		800		867
Massachusetts State, Department of Transportation, Metropolitan Highway System, Ser A, RB
5.000%, 01/01/2029		1,000		1,079
Massachusetts State, Development Finance Agency, Babson College, RB
5.000%, 10/01/2033		1,115		1,245
Massachusetts State, Development Finance Agency, Bentley University, Ser A, RB
5.000%, 07/01/2031		1,000		1,105
Massachusetts State, Development Finance Agency, Beth Israel Lahey Health, RB
5.000%, 07/01/2028		585		619
Massachusetts State, Development Finance Agency, Boston College, Ser U, RB
5.000%, 07/01/2029		1,000		1,088
Massachusetts State, Development Finance Agency, Boston Medical Center, Ser E, RB
5.000%, 07/01/2026		200		205
Massachusetts State, Development Finance Agency, Brandeis University, Ser S, RB
5.000%, 10/01/2029		1,000		1,078
Massachusetts State, Development Finance Agency, CareGroup, Ser I, RB
5.000%, 07/01/2026		500		514

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, Children's Hospital, Ser T, RB
5.000%, 03/01/2034	$	2,000	$	2,284
Massachusetts State, Development Finance Agency, College of the Holy Cross, Ser A, RB
5.000%, 09/01/2026		200		206
Massachusetts State, Development Finance Agency, Dana-Farber Cancer Institute, Ser O, RB
5.000%, 12/01/2026		1,000		1,033
Massachusetts State, Development Finance Agency, Harvard University, RB
5.000%, 11/15/2032		1,000		1,138
Massachusetts State, Development Finance Agency, Harvard University, Ser B, RB
4.000%, 02/15/2036		1,250		1,341
Massachusetts State, Development Finance Agency, Mass General Brigham, Ser A, RB
5.000%, 07/01/2050 (A)		1,000		1,074
Massachusetts State, Development Finance Agency, Mass General Brigham, Ser D, RB
5.000%, 07/01/2030		400		438
Massachusetts State, Development Finance Agency, Milton Academy, Ser A, RB
5.000%, 03/01/2028		400		421
Massachusetts State, Development Finance Agency, Olin College, Ser F, RB
5.000%, 11/01/2035		650		729
Massachusetts State, Development Finance Agency, South Shore Hospital, Ser I, RB
5.000%, 07/01/2025		500		504
Massachusetts State, Development Finance Agency, Suffolk University, RB
5.000%, 07/01/2024		850		850
Massachusetts State, Development Finance Agency, Trustees of Deerfield Academy, RB
5.000%, 10/01/2032		1,000		1,142
Massachusetts State, Development Finance Agency, UMass Memorial Health Care, RB
5.000%, 07/01/2031		1,000		1,021
Massachusetts State, Development Finance Agency, Worcester Polytechnic Institute, RB
5.000%, 09/01/2030		210		225
Massachusetts State, Educational Financing Authority, AMT, RB
5.000%, 07/01/2028		850		867

SEI Tax Exempt Trust

43

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Massachusetts Municipal Bond Fund (Concluded)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Educational Financing Authority, Ser A, AMT, RB
5.000%, 01/01/2026	$	400	$	402
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2030		375		392
5.000%, 07/01/2033		1,000		1,036
Massachusetts State, Health & Educational Facilities Authority, Massachusetts Institute of Technology, Ser M, RB
5.250%, 07/01/2029		500		549
Massachusetts State, Municipal Wholesale Electric, Cotton Solar Project, RB
5.000%, 07/01/2033		380		426
5.000%, 07/01/2034		200		226
5.000%, 07/01/2035		250		282
5.000%, 07/01/2036		275		309
Massachusetts State, Municipal Wholesale Electric, Ser A, RB
5.000%, 07/01/2031		410		450
5.000%, 07/01/2032		440		486
Massachusetts State, Port Authority, BosFuel Project, Ser A, AMT, RB
5.000%, 07/01/2027		1,000		1,030
5.000%, 07/01/2029		840		881
Massachusetts State, Port Authority, Ser A, AMT, RB
5.000%, 07/01/2027		1,000		1,031
5.000%, 07/01/2028		1,250		1,300
5.000%, 07/01/2029		500		527
Massachusetts State, Port Authority, Ser C, AMT, RB
5.000%, 07/01/2028		1,000		1,042
Massachusetts State, Ser A, GO
5.000%, 01/01/2035		310		332
Massachusetts State, Ser B, GO
5.000%, 01/01/2028		1,500		1,586
5.000%, 11/01/2036		500		570
Massachusetts State, Ser C, GO
5.000%, 10/01/2033		2,500		2,817
5.000%, 10/01/2034		210		236

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Ser E, GO
5.000%, 09/01/2028	$	1,000	$	1,069
5.000%, 11/01/2030		1,000		1,103
5.000%, 11/01/2031		345		380
Massachusetts State, Water Resources Authority, Ser B, RB
5.000%, 08/01/2028		1,000		1,073
Massachusetts State, Water Resources Authority, Ser B, RB, AGM
5.250%, 08/01/2037		1,500		1,814
University of Massachusetts, Building Authority, Ser 1, RB
5.000%, 11/01/2030		1,500		1,630
Woods Hole, Marthas Vineyard & Nantucket, Steamship Authority, Ser A, RB
5.000%, 03/01/2029		1,150		1,246
Worcester, GO
4.000%, 02/15/2030		285		292
				57,303
Total Municipal Bonds
(Cost $61,103) ($ Thousands)				57,740
	Shares
CASH EQUIVALENT — 0.0%
SEI Daily Income Trust, Government Fund, Institutional Class
5.050%**†		27,964		28
Total Cash Equivalent
(Cost $28) ($ Thousands)				28
Total Investments in Securities — 98.7%
(Cost $61,131) ($ Thousands)			$	57,768

	Percentages are based on Net Assets of $58,500 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2024.
†	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.

The following is a summary of the transactions with affiliates for the period ended May 31, 2024 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 5/31/2024		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	2,115	$	11,209	$	(13,296	)	$	—	$	—	$	28	$	30	$	—

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

See “Glossary” for abbreviations.

44

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

New Jersey Municipal Bond Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 97.8%
Delaware — 3.1%
Delaware State, River & Bay Authority, RB
5.000%, 01/01/2029	$	1,000	$	1,071
5.000%, 01/01/2030		180		196
5.000%, 01/01/2031		115		126
5.000%, 01/01/2032		225		249
5.000%, 01/01/2033		225		249
Delaware State, River & Bay Authority, Ser B, RB
5.000%, 01/01/2035		450		508
5.000%, 01/01/2036		340		383
				2,782
Guam — 0.7%
Guam Government Waterworks Authority, Ser A, RB
5.000%, 07/01/2034		625		685
New Jersey — 80.9%
Bergen County, GO
3.000%, 07/15/2029		1,000		947
Bergen County, Improvement Authority, Ser C, RB
5.000%, 08/15/2025		2,160		2,200
Edison, GO
3.000%, 03/15/2033		1,635		1,478
Gloucester County, Improvement Authority, RB, BAM
5.000%, 07/01/2036		700		771
Gloucester County, Improvement Authority, Rowan University Fossil Park, RB, BAM
5.000%, 07/01/2031		375		406
Gloucester County, Improvement Authority, Rowan University Project, Ser A, RB, AGM
5.000%, 11/01/2025		500		510
Gloucester County, Improvement Authority, Rowan University Project, Ser B, RB
5.000%, 07/01/2026		1,000		1,011
Jersey City, Redevelopment Agency, RB, MUN GOVT GTD
4.000%, 12/15/2031		1,000		1,029
Monmouth County, Improvement Authority, Governmental Pooled Loans, Ser A, RB
5.000%, 03/01/2031		365		406
New Jersey State, COVID-19 Emergency Bonds, GO
4.000%, 06/01/2031		2,000		2,072
New Jersey State, Economic Development Authority, American Water Company Project, AMT, RB
3.750%, 11/01/2034 (A)		1,000		978

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Economic Development Authority, New Jersey Natural Gas, AMT, RB
2.450%, 04/01/2059 (A)	$	2,000	$	1,937
New Jersey State, Economic Development Authority, Portal North Bridge Project, RB
5.000%, 11/01/2033		650		715
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
5.000%, 06/01/2027		1,000		1,037
New Jersey State, Economic Development Authority, Ser A, RB, BAM
5.000%, 07/01/2027		1,140		1,176
New Jersey State, Educational Facilities Authority, Higher Education Capital Improvement, RB
5.000%, 09/01/2035		1,000		1,114
New Jersey State, Educational Facilities Authority, Montclair State University, Ser B, RB
5.000%, 07/01/2028		2,260		2,315
New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser A, RB, AGM
5.000%, 07/01/2025		1,000		1,015
5.000%, 07/01/2033		350		388
New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser B, RB, AGM
5.000%, 07/01/2025		1,000		1,015
New Jersey State, Educational Facilities Authority, Ser A, RB
5.000%, 07/01/2033		1,360		1,426
New Jersey State, Educational Facilities Authority, Stockton University Project, Ser A, RB
5.000%, 07/01/2026		1,000		1,021
New Jersey State, Educational Facilities Authority, William Patterson University Project, Ser C, RB
5.000%, 07/01/2027		1,905		1,925
New Jersey State, Health Care Facilities Financing Authority, AHS Hospital Project, RB
5.000%, 07/01/2026		735		756
New Jersey State, Health Care Facilities Financing Authority, AtlantiCare Health System, RB
5.000%, 07/01/2026		1,000		1,027
5.000%, 07/01/2031		725		789

SEI Tax Exempt Trust

45

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

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	$	2,060
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
5.000%, 07/01/2031		1,080		1,106
New Jersey State, Health Care Facilities Financing Authority, Princeton Healthcare System Project, RB
5.000%, 07/01/2027		1,000		1,025
New Jersey State, Health Care Facilities Financing Authority, RB
5.000%, 07/01/2036		3,000		3,411
New Jersey State, Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group, RB
5.000%, 07/01/2032		1,225		1,344
5.000%, 07/01/2045 (A)		1,500		1,533
New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB
5.000%, 07/01/2030		1,250		1,325
New Jersey State, Higher Education Student Assistance Authority, Ser A, AMT, RB
5.000%, 12/01/2033		2,400		2,525
New Jersey State, Higher Education Student Assistance Authority, Ser A, RB
5.000%, 12/01/2028		675		704
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2030		700		730
New Jersey State, Housing & Mortgage Finance Agency, Ser H, RB
5.000%, 04/01/2029		485		512
New Jersey State, Housing & Mortgage Finance Agency, Single Family Housing, AMT, RB
3.250%, 04/01/2025		765		757
New Jersey State, Institute of Technology, RB
5.000%, 07/01/2028		200		211
5.000%, 07/01/2029		270		288
5.000%, 07/01/2030		260		278
5.000%, 07/01/2031		375		401
New Jersey State, Transportation Trust Fund Authority, RB
5.250%, 06/15/2032		1,375		1,537

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
4.000%, 06/15/2034	$	2,055	$	2,078
4.000%, 06/15/2035		500		505
4.000%, 06/15/2036		415		418
New Jersey State, Transportation Trust Fund Authority, Ser BB, RB
5.000%, 06/15/2031		3,345		3,526
New Jersey State, Transportation Trust Fund Authority, Ser S, RB
5.000%, 06/15/2030		1,000		1,056
5.000%, 06/15/2032		2,500		2,724
5.000%, 06/15/2036		940		1,026
New Jersey State, Turnpike Authority, Ser A, RB
5.000%, 01/01/2028		1,430		1,479
New Jersey State, Turnpike Authority, Ser B, RB
5.000%, 01/01/2028		1,000		1,054
5.000%, 01/01/2034		1,500		1,567
New Jersey State, Turnpike Authority, Ser D, RB
5.000%, 01/01/2028		1,000		1,021
New Jersey State, Turnpike Authority, Ser E, RB
5.000%, 01/01/2027		1,420		1,475
5.000%, 01/01/2029		960		1,008
Passaic County, Improvement Authority, Paterson Project, GO
5.000%, 08/01/2027		545		555
Rutgers State University, Ser M, RB
5.000%, 05/01/2027		1,000		1,027
Rutgers State University, Ser N, RB
5.000%, 05/01/2028		500		530
Somerset County, Ser A&B, GO
3.000%, 08/01/2030		540		509
Tobacco Settlement Financing, Ser A, RB
5.000%, 06/01/2032		500		526
Union County, Improvement Authority, RB, CNTY-GTD
5.000%, 04/15/2036		400		462
5.000%, 04/15/2037		550		630
				72,387
New York — 11.4%
New York & New Jersey, Port Authority, AMT, RB
5.000%, 10/15/2029		4,000		4,040
5.000%, 11/01/2032		2,415		2,536

46

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

New Jersey Municipal Bond Fund (Concluded)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York & New Jersey, Port Authority, Ser 223, AMT, RB
5.000%, 07/15/2033	$	2,165	$	2,306
4.000%, 07/15/2036		1,325		1,315
				10,197
Pennsylvania — 1.7%
Delaware River, Joint Toll Bridge Commission, Ser A, RB
5.000%, 07/01/2027		1,450		1,520
Total Municipal Bonds
(Cost $92,178) ($ Thousands)				87,571
	Shares
CASH EQUIVALENT — 0.8%
SEI Daily Income Trust, Government Fund, Institutional Class
5.050%**†		714,452		714
Total Cash Equivalent
(Cost $714) ($ Thousands)				714
Total Investments in Securities — 98.6%
(Cost $92,892) ($ Thousands)			$	88,285

	Percentages are based on Net Assets of $89,513 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2024.
†	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.

The following is a summary of the transactions with affiliates for the period ended May 31, 2024 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 5/31/2024		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	451	$	16,882	$	(16,619	)	$	—	$	—	$	714	$	36	$	—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

47

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

New York Municipal Bond Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 100.3%
Guam — 0.8%
Guam, Waterworks Authority, Ser A, RB
5.000%, 07/01/2034	$	725	$	795
New York — 99.5%
Broome County, Local Development, United Health Services Hospitals, RB, AGM
5.000%, 04/01/2030		900		947
Build NYC Resource, Kipp Public School, Canal West Project, RB
5.000%, 07/01/2034		1,000		1,052
Build NYC Resource, Manhattan College Project, RB
5.000%, 08/01/2026		350		354
5.000%, 08/01/2027		275		281
Build NYC Resource, The Chapin School Project, RB
5.000%, 11/01/2026		500		519
Essex County, Industrial Development Agency, AMT, RB
2.100%, 03/01/2027 (A)		525		522
Genesee County, Funding, Rochester Regional Health Project, RB
5.000%, 12/01/2032		650		664
Hempstead, Local Development, Hofstra University Project, Ser A, RB
5.000%, 07/01/2026		800		817
Hudson Yards Infrastructure, RB
5.000%, 02/15/2034		1,970		2,200
Long Island, Power Authority, RB
5.000%, 09/01/2026		1,000		1,035
5.000%, 09/01/2027		1,000		1,051
1.000%, 09/01/2025		1,000		954
Long Island, Power Authority, Ser A, RB
5.000%, 09/01/2027		1,000		1,051
Long Island, Power Authority, Ser B, RB
5.000%, 09/01/2030		1,500		1,547
Metropolitan New York, Transportation Authority, Ser A, RB
5.000%, 11/15/2031		1,000		1,090
Metropolitan New York, Transportation Authority, Ser B, RB
5.000%, 11/15/2028		2,000		2,127
Metropolitan New York, Transportation Authority, Ser C1, RB
5.000%, 11/15/2025		2,000		2,038
5.000%, 11/15/2026		1,000		1,019
Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB
5.000%, 07/01/2034		2,000		2,284

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Nassau County, Interim Finance Authority, Ser A, RB
5.000%, 11/15/2030	$	2,160	$	2,418
4.000%, 11/15/2032		1,000		1,057
Nassau County, Ser C, GO
5.000%, 10/01/2027		1,000		1,055
New York & New Jersey, Port Authority, AMT, RB
5.000%, 11/01/2030		4,100		4,308
New York & New Jersey, Port Authority, Ser 231ST, AMT, RB
5.000%, 08/01/2033		1,500		1,612
New York City, Housing Development Authority, RB, FHA
0.600%, 05/01/2061 (A)		490		470
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
5.000%, 01/01/2028		1,000		1,043
New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM
5.000%, 03/01/2029		1,750		1,857
New York City, Ser 1, GO
5.000%, 08/01/2028		1,000		1,042
New York City, Ser C, GO
5.000%, 08/01/2032		3,345		3,640
New York City, Ser C-1, GO
5.000%, 08/01/2027		1,000		1,049
New York City, Ser F-1, GO
5.000%, 08/01/2029		1,895		2,026
New York City, Sub-Ser E1, GO
5.000%, 04/01/2035		700		784
New York City, Sub-Ser I, GO
5.000%, 04/01/2028		1,405		1,487
5.000%, 04/01/2030		675		731
New York City, Transitional Finance Authority, Building Aid Revenue, Ser S-1, RB
5.000%, 07/15/2028		1,080		1,125
5.000%, 07/15/2031		1,000		1,106
New York City, Transitional Finance Authority, Sub-Ser, RB
5.000%, 05/01/2037		2,280		2,571
New York City, Water & Sewer System, RB
5.000%, 06/15/2031		1,750		1,949
New York State, Dormitory Authority, Columbia University Project, Ser A, RB
5.000%, 10/01/2034		1,000		1,155
New York State, Dormitory Authority, Icahn School of Medicine at Mount Sanai Project, RB
5.000%, 07/01/2026		1,000		1,010

48

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

New York Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Dormitory Authority, Memorial Sloan-Kettering Project, RB
5.000%, 07/01/2027	$	500	$	525
5.000%, 07/01/2030		1,095		1,183
New York State, Dormitory Authority, Presbyterian Hospial Obligated Group, RB
5.000%, 08/01/2035		2,000		2,240
New York State, Dormitory Authority, Rochester Institute of Technology, RB
5.000%, 07/01/2033		1,000		1,104
New York State, Dormitory Authority, School Districts Financing Program, RB, AGM
5.000%, 10/01/2026		1,000		1,036
5.000%, 10/01/2026 (B)		5		5
New York State, Dormitory Authority, School Districts Financing Program, Ser A, RB, AGM
5.000%, 10/01/2030		1,200		1,302
New York State, Dormitory Authority, Ser 1, RB
5.000%, 01/15/2027		1,000		1,039
New York State, Dormitory Authority, Ser A, RB
5.000%, 10/01/2029		2,500		2,609
New York State, Dormitory Authority, Ser A, RB, AGM
5.000%, 10/01/2036		2,000		2,226
New York State, Dormitory Authority, Ser A-1, RB
5.000%, 03/15/2035		2,000		2,252
New York State, Dormitory Authority, Ser E, RB
5.000%, 03/15/2032		1,500		1,667
New York State, Dormitory Authority, St. Johns University Project, RB
5.000%, 07/01/2027		1,500		1,554
New York State, Dormitory Authority, St. Johns University Project, Ser A, RB
4.000%, 07/01/2030		830		846
New York State, Energy Research & Development Authority, Pollution Control, Ser C-REMK, RB
4.000%, 04/01/2034		1,000		979
New York State, Liberty Development Authority, Goldman Sachs Headquarters Project, RB
5.250%, 10/01/2035		1,500		1,702
New York State, Mortgage Agency, Ser 189, AMT, RB
3.250%, 10/01/2025		2,500		2,468
New York State, Mortgage Agency, Ser 2, AMT, RB
5.000%, 04/01/2029		1,700		1,742

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Power Authority, Green Transmission Project, RB, AGM
5.000%, 11/15/2035	$	1,370	$	1,582
New York State, Ser C, GO
5.000%, 03/15/2035		1,000		1,151
New York State, Thruway Authority, Ser B, RB
5.000%, 01/01/2029		1,100		1,177
New York State, Thruway Authority, Ser K, RB
5.000%, 01/01/2030		745		749
New York State, Thruway Authority, Ser L, RB
5.000%, 01/01/2034		1,860		1,965
New York State, Thruway Authority, Ser P, RB
5.000%, 01/01/2027		1,360		1,416
New York State, Transportation Development Corporation, JFK International Airport Terminal 4 Project, AMT, RB
5.000%, 12/01/2032		1,000		1,059
5.000%, 12/01/2033		1,500		1,588
New York State, Transportation Development Corporation, JFK International Airport Terminal 4 Project, RB
5.000%, 12/01/2025		1,000		1,016
5.000%, 12/01/2030		1,000		1,073
New York State, Transportation Development Corporation, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB
5.000%, 07/01/2030		1,275		1,275
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		1,764
Oyster Bay, GO, AGM
4.000%, 03/01/2028		825		844
Schenectady County, Capital Resource, Union College Project, RB
5.000%, 07/01/2032		700		785
Triborough, Bridge & Tunnel Authority, MTA Bridges & Tunnels, RB
5.000%, 05/15/2035		500		565
Triborough, Bridge & Tunnel Authority, MTA Bridges & Tunnels, Ser A-1, RB
5.000%, 05/15/2036		1,300		1,491
TSASC, Tobacco Settlement Bonds, Ser A, RB
5.000%, 06/01/2025		750		758

SEI Tax Exempt Trust

49

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

New York Municipal Bond Fund (Concluded)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Westchester County, Local Development, Miriam Osborn Memorial Home Association Project, RB
5.000%, 07/01/2025	$	260	$	261
5.000%, 07/01/2026		300		303
Westchester County, Tobacco Asset Securitization, Ser B, RB
5.000%, 06/01/2024		1,800		1,800
				104,153
Total Municipal Bonds
(Cost $109,805) ($ Thousands)				104,948
	Shares
CASH EQUIVALENT — 0.9%
SEI Daily Income Trust, Government Fund, Institutional Class
5.050%**†		971,088		971
Total Cash Equivalent
(Cost $971) ($ Thousands)				971
Total Investments in Securities — 101.2%
(Cost $110,776) ($ Thousands)			$	105,919

	Percentages are based on Net Assets of $104,632 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2024.
†	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 transactions with affiliates for the period ended May 31, 2024 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 5/31/2024		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	284	$	26,002	$	(25,315	)	$	—	$	—	$	971	$	53	$	—

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

See “Glossary” for abbreviations.

50

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Pennsylvania Municipal Bond Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 99.7%
Guam — 0.8%
Guam, Waterworks Authority, Water Revenue, Ser A, RB
5.000%, 07/01/2036	$	900	$	983
Pennsylvania — 98.9%
Allegheny County, Airport Authority, Ser A, AMT, RB
5.000%, 01/01/2031		1,325		1,403
Allegheny County, Higher Education Building Authority, Carnegie Mellon University, RB
5.000%, 02/01/2030		500		546
Allegheny County, Hospital Development Authority, Allegheny Health Network, RB
5.000%, 04/01/2028		2,500		2,593
Allegheny County, Hospital Development Authority, UPMC, RB
5.000%, 07/15/2029		2,000		2,137
Allegheny County, Port Authority, RB
5.000%, 03/01/2029		1,000		1,065
Allentown, City School District, Ser B, GO, BAM
5.000%, 02/01/2029		1,750		1,821
Bethel Park, School District, GO, ST AID WITHHLDG
5.000%, 08/01/2027		1,000		1,033
Chester County, GO
4.000%, 07/15/2029		300		309
4.000%, 07/15/2030		250		257
Chester County, Health & Education Facilities Authority, Main Line Health Systems, Ser A, RB
5.000%, 09/01/2029		375		401
Chester County, School Authority, Chester County Intermediate Unit Project, RB
5.000%, 03/01/2028		1,000		1,022
Cumberland County, Municipal Authority, Penn State Health, RB
5.000%, 11/01/2029		780		826
Delaware County, AD Valorem Property Tax, GO
5.000%, 08/01/2034		230		258
5.000%, 08/01/2035		610		680
5.000%, 08/01/2036		255		284
5.000%, 08/01/2037		345		382
Delaware County, Cabrini University Project, RB
5.000%, 07/01/2027		500		508
5.000%, 07/01/2028		500		508
Delaware County, Regional Water Quality Control Authority, RB
5.000%, 11/01/2026		425		439

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Delaware River, Joint Toll Bridge Commission, RB
5.000%, 07/01/2029	$	1,015	$	1,058
Delaware River, Joint Toll Bridge Commission, Ser B, RB
5.000%, 07/01/2027		1,300		1,363
Delaware River, Port Authority, Ser A, RB
5.000%, 01/01/2028		1,000		1,054
East Hempfield, Industrial Development Authority, Willow Valley Communities Project, RB
5.000%, 12/01/2025		645		646
Geisinger, Health System Authority, RB
5.000%, 04/01/2043 (A)		1,000		1,026
Lancaster County, Hospital Authority, Masonic Villages of Grand Lodge Project, RB
5.000%, 11/01/2028		1,360		1,382
Lancaster County, Hospital Authority, University of Pennsylvania Health System, Ser B, RB
5.000%, 08/15/2026		500		516
Lancaster, Higher Education Authority, Harrisburg Area Community College Project, RB, BAM
4.000%, 10/01/2030		400		401
Lehigh County, General Purpose Authority, RB
4.000%, 06/01/2031		1,225		1,186
Luzerne County, Industrial Development Authority, America Water Project, AMT, RB
2.450%, 12/01/2039 (A)		1,700		1,503
Lycoming County, College Revenue Authority, Pennsylvania College of Technology Project, RB, BAM
5.000%, 07/01/2030		900		956
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB
5.000%, 09/01/2025		500		505
5.000%, 09/01/2028		1,500		1,558
Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB
5.000%, 11/15/2036		750		768
Mount Lebanon, Hospital Authority, St. Clair Memorial Hospital Project, RB
5.000%, 07/01/2027		400		417
5.000%, 07/01/2029		350		370
Northampton County, General Purpose Authority, RB, AGM
5.000%, 08/15/2037		1,000		1,113

SEI Tax Exempt Trust

51

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Pennsylvania Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Octorara Area, School District, GO, AGM
4.000%, 04/01/2029	$	900	$	922
Pennsylvania State University, RB
5.000%, 09/01/2035		850		962
Pennsylvania State University, Ser A, RB
5.000%, 09/01/2026		500		517
Pennsylvania State, Commonwealth Bid Group A, GO
5.000%, 09/01/2032		2,590		2,909
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2028		2,500		2,606
Pennsylvania State, Economic Development Financing Authority, Junior Insured, RB, AGM
5.000%, 01/01/2027		1,100		1,125
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.000%, 06/30/2034		1,500		1,618
Pennsylvania State, Economic Development Financing Authority, Presbyterian Senior Living, RB
4.000%, 07/01/2033		1,250		1,235
Pennsylvania State, Economic Development Financing Authority, Solid Waste Disposal Management Project, AMT, RB
2.150%, 07/01/2041 (A)		1,000		997
Pennsylvania State, Economic Development Financing Authority, UPMC, RB
5.000%, 03/15/2026		1,000		1,024
Pennsylvania State, Economic Development Financing Authority, UPMC, Ser A, RB
5.000%, 10/15/2029		750		804
5.000%, 10/15/2030		925		1,003
Pennsylvania State, Economic Development Financing Authority, Villanova University Project, RB
5.000%, 08/01/2035		750		858
5.000%, 08/01/2036		725		827
Pennsylvania State, GO
5.000%, 05/01/2030		1,000		1,095
Pennsylvania State, GO, BAM
4.000%, 03/01/2035		3,500		3,561
Pennsylvania State, Higher Education Assistance Agency, AMT, RB
5.000%, 06/01/2033		1,875		1,979
Pennsylvania State, Higher Education Assistance Agency, Ser A, AMT, RB
5.000%, 06/01/2032		3,000		3,155
Pennsylvania State, Higher Educational Facilities Authority, Drexel University, RB
5.000%, 05/01/2027		1,150		1,166

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania State, Higher Educational Facilities Authority, RB
5.000%, 06/15/2028	$	1,235	$	1,288
Pennsylvania State, Higher Educational Facilities Authority, RB
Pre-Refunded @ 100
5.000%, 06/15/2027 (B)		265		277
Pennsylvania State, Higher Educational Facilities Authority, Ser AT-1, RB
5.000%, 06/15/2026 (C)		15		15
Pennsylvania State, Higher Educational Facilities Authority, Ser AX, RB, AGM
5.000%, 06/15/2027		675		704
5.000%, 06/15/2027 (C)		75		78
Pennsylvania State, Higher Educational Facilities Authority, Trustees of the University of Pennsylvania, Ser A, RB
5.000%, 02/15/2027		860		896
Pennsylvania State, Higher Educational Facilities Authority, University of Pennsylvania Health System, RB
5.000%, 08/15/2027		1,000		1,046
Pennsylvania State, Housing Finance Agency, Ser 133, RB
5.000%, 10/01/2029		500		531
Pennsylvania State, Housing Finance Agency, Ser 2022, RB
4.250%, 10/01/2052		1,880		1,860
Pennsylvania State, Public School Building Authority, Harrisburg, Ser S, RB, AGM
5.000%, 12/01/2027		1,000		1,026
Pennsylvania State, Public School Building Authority, Lehigh Career & Technical Institute Project, RB, BAM
5.000%, 10/01/2027		1,635		1,662
Pennsylvania State, Ser A, COP
5.000%, 07/01/2027		500		522
5.000%, 07/01/2028		400		421
Pennsylvania State, Turnpike Commission, Ser A, RB
5.000%, 12/01/2030		1,875		2,058
5.000%, 12/01/2031		1,000		1,087
5.000%, 12/01/2032		2,000		2,215
5.000%, 12/01/2035		675		758
Pennsylvania State, Turnpike Commission, Ser B, RB
5.000%, 12/01/2032		1,550		1,715
5.000%, 12/01/2033		375		416
Pennsylvania State, Turnpike Commission, Ser C, RB
5.000%, 12/01/2032		500		552

52

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Pennsylvania Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania State, Turnpike Commission, Sub-Ser, RB
5.000%, 12/01/2028	$	500	$	522
5.000%, 12/01/2034		1,000		1,127
Philadelphia, Airport Revenue Authority, AMT, RB
5.000%, 07/01/2031		1,100		1,169
Philadelphia, Airport Revenue Authority, Ser A, AMT, RB
5.000%, 06/15/2026		1,000		1,008
Philadelphia, Gas Works Revenue Authority, RB
5.000%, 10/01/2025		1,290		1,310
5.000%, 08/01/2026		2,200		2,223
5.000%, 08/01/2027		1,705		1,771
5.000%, 10/01/2029		2,000		2,049
Philadelphia, Gas Works Revenue Authority, Ser A, RB, AGM
5.000%, 08/01/2031		1,000		1,081
Philadelphia, GO, AGM
5.000%, 08/01/2027		750		784
Philadelphia, Industrial Development Authority, National Board of Medical Examiners Project, RB
5.000%, 05/01/2028		1,005		1,029
Philadelphia, Industrial Development Authority, RB
5.000%, 10/01/2029		1,000		1,063
Philadelphia, Industrial Development Authority, The Children's Hospital of Philadelphia Project, RB
5.000%, 07/01/2027		400		418
4.000%, 07/01/2035		5,325		5,341
Philadelphia, School District, Ser A, GO, ST AID WITHHLDG
5.000%, 09/01/2027		2,850		2,952
Philadelphia, Ser A, GO
5.000%, 08/01/2026		1,000		1,031
5.000%, 08/01/2027		1,000		1,047
5.000%, 05/01/2028		1,000		1,054
5.000%, 05/01/2031		1,000		1,075
Philadelphia, Water & Wastewater Revenue Authority, RB
5.000%, 10/01/2032		1,250		1,363
Philadelphia, Water & Wastewater Revenue Authority, Ser A, RB
5.000%, 11/01/2027		725		761
Philadelphia, Water & Wastewater Revenue Authority, Ser B, RB
5.000%, 11/01/2026		475		491
5.000%, 11/01/2027		1,800		1,890

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Philadelphia, Water & Wastewater Revenue Authority, Ser C, RB
5.000%, 10/01/2031	$	2,250	$	2,494
5.000%, 06/01/2034		800		890
Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, RB, BAM
5.000%, 12/15/2027		1,000		1,048
Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, Ser A, RB, AGM
5.000%, 02/01/2033		1,000		1,087
Pittsburgh, GO
5.000%, 09/01/2027		415		436
Pittsburgh, Public Parking Authority, Ser A, RB
5.000%, 12/01/2025		645		651
Pittsburgh, Water & Sewer Authority, Ser A, RB, AGM
5.000%, 09/01/2026		2,000		2,063
5.000%, 09/01/2029		750		810
Pittsburgh, Water & Sewer Authority, Ser B, RB, AGM
5.000%, 09/01/2029		450		486
Quaker Valley, School District, GO, ST AID WITHHLDG
5.000%, 10/01/2030		250		274
5.000%, 10/01/2031		325		358
Southeastern Pennsylvania, Transportation Authority, Asset Improvement Program, RB
5.000%, 06/01/2032		1,000		1,120
5.000%, 06/01/2033		1,000		1,113
Southeastern Pennsylvania, Transportation Authority, RB
5.000%, 03/01/2027		1,000		1,040
5.000%, 03/01/2028		725		760
University of Pittsburgh, Commonwealth System of Higher Education, RB
5.000%, 02/15/2034		2,000		2,294
Westmoreland County, Municipal Authority, RB, BAM
5.000%, 08/15/2026		610		627
				129,894
Total Municipal Bonds
(Cost $137,225) ($ Thousands)				130,877

SEI Tax Exempt Trust

53

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Pennsylvania Municipal Bond Fund (Concluded)

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 0.4%
SEI Daily Income Trust, Government Fund, Institutional Class
5.050%**†		561,416	$	561
Total Cash Equivalent
(Cost $561) ($ Thousands)				561
Total Investments in Securities — 100.1%
(Cost $137,786) ($ Thousands)			$	131,438

	Percentages are based on Net Assets of $131,305 ($ Thousands).
†	Investment in Affiliated Security.
**	The rate reported is the 7-day effective yield as of May 31, 2024.
(A)	Variable or floating rate security, the interest rate of which adjusts 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 transactions with affiliates for the period ended May 31, 2024 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 5/31/2024		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	258	$	26,724	$	(26,421	)	$	—	$	—	$	561	$	39	$	—

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

See “Glossary” for abbreviations.

54

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 72.5%
Alabama — 2.2%
Alabama State, Special Care Facilities Financing Authority, Methodist Home for the Aging Project, Ser S, RB
5.750%, 06/01/2045	$	800	$	710
Black Belt, Energy Gas District, Ser C, RB
5.500%, 10/01/2054 (A)		3,100		3,354
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 D-1, RB
5.500%, 06/01/2049 (A)		2,100		2,216
Black Belt, Energy Gas District, Sub-Ser, RB
4.978%, 07/01/2052 (A)		1,000		1,005
Central Etowah County, Solid Waste Disposal Authority, AMT, RB
Pre-Refunded @ 103
6.000%, 07/01/2025 (B)(C)		795		814
Jefferson County, Sewer Revenue Authority, RB
5.250%, 10/01/2049		5,000		5,304
Lower Alabama, Gas District, Ser A, RB
5.000%, 09/01/2046		1,500		1,539
Southeast Alabama, Energy Authority, Cooperative District, Ser B-1, RB
5.750%, 04/01/2054 (A)		1,000		1,093
Tuscaloosa County, Industrial Development Authority, Hunt Refining Project, Ser A, RB
5.250%, 05/01/2044 (C)		2,365		2,375
				21,543
Alaska — 0.4%
Alaska State, Industrial Development & Export Authority, Boys & Girls Home Project, RB
6.000%, 12/01/2036 (D)		200		3
Anchorage, Solid Waste Services Revenue, Ser A, RB
5.250%, 11/01/2062		3,480		3,652
				3,655
Arizona — 0.8%
Arizona State, Industrial Development Authority, Basis Schools Projects, Ser A, RB
5.375%, 07/01/2050 (C)		1,090		1,090

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	$	698
5.000%, 01/01/2038		675		469
4.500%, 01/01/2040		965		473
4.500%, 01/01/2049		1,000		564
4.250%, 01/01/2039		1,000		627
4.250%, 01/01/2040		750		461
Arizona State, Industrial Development Authority, Legacy Cares Project, RB
7.750%, 07/01/2050 (C)(D)		3,000		180
Arizona State, Industrial Development Authority, Master Academy Mountain Vista Campus Project, RB
5.250%, 12/15/2038 (C)		1,510		1,520
La Paz County, Industrial Development Authority, Charter School Solutions-Harmony Project, RB
5.000%, 02/15/2028		350		352
Pima County, Industrial Development Authority, Paideia Academics Project, RB
5.250%, 07/01/2049		1,050		964
Pima County, Industrial Development Authority, Tucson Country Day School Project, RB
5.000%, 06/01/2037		255		226
				7,624
Arkansas — 0.5%
Arkansas State, Development Finance Authority, Big River Steel Project, AMT, RB
4.750%, 09/01/2049 (C)		4,250		4,188
Arkansas State, Development Finance Authority, United States Steel Project, AMT, RB
5.450%, 09/01/2052		785		798
				4,986
California — 10.8%
Alameda Corridor, Transportation Authority, Ser A-CONV, RB
0.000%, 10/01/2037 (E)(F)		2,000		1,104
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.500%, 10/01/2054 (A)		1,000		1,081
5.250%, 11/01/2054 (A)		1,000		1,062
5.000%, 02/01/2054 (A)		3,500		3,688
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		5,000		4,961

SEI Tax Exempt Trust

55

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

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)	$	1,855	$	1,939
California State, Community Housing Agency, Annadel Apartments, Ser A, RB
5.000%, 04/01/2049 (C)		1,430		1,178
California State, Community Housing Agency, Serenity at Larkspur, Ser A, RB
5.000%, 02/01/2050 (C)		1,000		697
California State, Housing Finance Agency, Limited Obligation Multifamily Housing, Battery Point Apartments, Ser S, RB, FHA
5.970%, 11/01/2053 (A)(C)		2,600		2,584
California State, Housing Finance Agency, Limited Obligation Multifamily Housing, Valley Pride Village Apartments, RB
5.700%, 06/01/2054 (A)(C)		4,700		4,686
California State, Infrastructure & Economic Development Bank, Wonderful Foundations, RB
0.000%, 01/01/2035 (G)		930		496
California State, Municipal Finance Authority, California Baptist University Project, Ser A, RB
5.000%, 11/01/2046 (C)		1,000		973
California State, Municipal Finance Authority, Palomar Health, Ser A, COP, AGM
5.250%, 11/01/2052		1,500		1,571
California State, Pollution Control Financing Authority, Calplant I Project, Sub-Ser, AMT, RB
7.500%, 12/01/2039 (C)(D)		3,500		–
California State, Pollution Control Financing Authority, Rialto Bioenergy Facility Project, AMT, RB
7.500%, 12/01/2040 (C)(D)		750		56
6.750%, 12/01/2028 (C)(D)		2,175		163
California State, Pollution Control Financing Authority, San Jose Water Project, AMT, RB
4.750%, 11/01/2046		1,500		1,509
California State, Pollution Control Financing Authority, Waste Management Project, Ser A3, AMT, RB
4.300%, 07/01/2040		1,500		1,502
California State, Public Finance Authority, Enso Village Project, RB
5.000%, 11/15/2046 (C)		500		454
California State, School Finance Authority, Downtown Prep-Obligated Group, RB
5.000%, 06/01/2046 (C)		1,000		955
5.000%, 06/01/2051 (C)		1,000		933

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Statewide Communities Development Authority, Arbor Square Apartments, RB
4.250%, 11/01/2059 (A)	$	1,985	$	1,709
California State, Statewide Communities Development Authority, Loma Linda University Medical Center Project, Ser A, RB
5.250%, 12/01/2056 (C)		2,150		2,159
California State, Statewide Communities Development Authority, Southern California Edison Company, RB
4.500%, 11/01/2033		2,200		2,286
California State, Statewide Financing Authority, Tobacco Settlement, Ser B, RB
6.000%, 05/01/2037		4,780		4,882
CMFA, Special Finance Agency, Solana at Grand, Ser A-2-JUNIOR, RB
4.000%, 08/01/2045 (C)		1,100		906
CSCDA, Community Improvement Authority, 1818 Platinum Triange-Anaheim, RB
4.000%, 04/01/2057 (C)		500		363
CSCDA, Community Improvement Authority, Atlanta-Glendale, Ser S, RB
3.500%, 10/01/2046 (C)		2,000		1,590
CSCDA, Community Improvement Authority, Dublin, RB
4.000%, 02/01/2057 (C)		1,000		727
CSCDA, Community Improvement Authority, MODA at Monrovia Station, RB
3.400%, 10/01/2046 (C)		1,000		800
CSCDA, Community Improvement Authority, Pasadena Portfolio, RB
4.000%, 12/01/2056 (C)		500		368
2.650%, 12/01/2046 (C)		2,215		1,726
CSCDA, Community Improvement Authority, The Link-Glendale, RB
4.000%, 07/01/2056 (C)		1,750		1,278
CSCDA, Community Improvement Authority, Towne-Glendale, RB
5.000%, 09/01/2037 (C)		2,500		2,513
0.000%, 09/01/2032 (C)(E)(F)		7,800		4,071
Fremont, Community Facilities District No. 1, Pacific Commons Project, SAB
5.000%, 09/01/2040		2,000		2,011
Golden State, Tobacco Securitization Project, Sub-Ser B-2, RB
0.000%, 06/01/2066 (G)		58,000		6,317
Golden State, Tobacco Securitization Project, Sub-Ser, RB
3.850%, 06/01/2050		2,225		2,067
Morongo, Band of Mission Indians, Ser B, RB
5.000%, 10/01/2042 (C)		1,000		1,001

56

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
M-S-R, Energy Authority, Ser C, RB
6.500%, 11/01/2039	$	5,885	$	7,275
Northern California, Tobacco Securitization Authority, RB
0.000%, 06/01/2060 (G)		15,040		2,337
Palomar, Community College District, GO
1.836%, 08/01/2029		7,000		6,071
Poway, School Facilities Improvement Authority, Unified School District Capital Appreciation Project, GO
0.000%, 08/01/2038 (G)		5,410		3,067
Roseville, West Park Community Facilities Authority, SAB
5.000%, 09/01/2030		1,000		1,011
5.000%, 09/01/2031		1,000		1,009
San Clemente, Special Tax Community, SAB
5.000%, 09/01/2046		1,085		1,092
San Diego County, Regional Airport Authority, AMT, RB
5.250%, 07/01/2058		8,100		8,478
San Diego, Unified School District, GO
4.000%, 07/01/2053		3,900		3,766
Southern California, Tobacco Securitization Authority, RB
0.000%, 06/01/2054 (G)		5,700		1,101
Southern California, Tobacco Securitization Authority, Sub-Ser, RB
0.000%, 06/01/2046 (G)		12,000		2,443
Tustin, Community Facilities District, SAB
5.000%, 09/01/2040		750		755
Windsor, Unified School District, Election 2008, Ser D, GO
0.000%, 08/01/2035 (G)		1,800		1,140
				107,911
Colorado — 1.7%
Aurora, Harvest Crossing Metropolitan District No. 4, Ser A, GO
7.250%, 12/01/2052		1,500		1,454
Aviation Station North, Metropolitan District No. 2, Ser A, GO
5.000%, 12/01/2039		500		471
5.000%, 12/01/2048		500		444
Berthoud-Heritage, Metropolitan District No. 10, Ser A, GO
4.750%, 12/01/2052		500		404
Brighton Crossing, Metropolitan District No. 4, Ser A, GO
5.000%, 12/01/2037		525		512
Broadway Station, Metropolitan District No. 3, GO
5.000%, 12/01/2049		500		388

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Colorado International Center Metropolitan, District No. 7, GO
0.000%, 12/01/2027 (E)(F)	$	2,000	$	1,167
Colorado State, Educational & Cultural Facilities Authority, New Summit Charter Acadamy Project, RB
4.000%, 07/01/2061 (C)		600		434
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A-, RB
4.000%, 08/01/2044		2,000		1,875
Colorado State, Housing & Finance Authority, The Irving at Mile High Vista Project, RB
6.000%, 06/01/2028 (A)(C)		2,140		2,130
Colorado State, Public Energy Authority, RB
6.250%, 11/15/2028		650		678
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		1,148
Dominion, Water & Sanitation District, RB
5.875%, 12/01/2052		4,000		3,954
Prairie Center, Metropolitan District No. 3, Ser A, RB
5.000%, 12/15/2041 (C)		875		865
Pronghorn Valley, Metropolitan District, Ser A, GO
4.000%, 12/01/2051		250		188
Village at Dry Creek, Metropolitan District No. 2, GO
4.375%, 12/01/2044		474		440
				17,092
Connecticut — 0.2%
Connecticut State, Health & Educational Facility Authority, Church Home of Hartford Project, RB
5.000%, 09/01/2046 (C)		1,000		860
5.000%, 09/01/2053 (C)		1,500		1,229
				2,089
Delaware — 1.2%
Affordable Housing Opportunities Trust, Northwest One, Ser AH-07-CL, RB
7.120%, 10/01/2038 (C)		1,930		1,814
3.223%, 10/01/2038 (A)(C)		10,900		9,072

SEI Tax Exempt Trust

57

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Delaware State, Economic Development Authority, Acts-Retirement Life Communities, RB
5.250%, 11/15/2053	$	1,000	$	1,019
				11,905
Florida — 2.2%
Atlantic Beach, Health Care, Fleet Landing Project, Ser B, RB
5.625%, 11/15/2043		1,325		1,326
Capital Trust Agency, First Mortgage, Tapestry Walden Project, RB
6.750%, 07/01/2037 (C)(D)		1,585		293
Capital Trust Agency, H-Bay Ministries, RB
5.000%, 07/01/2053 (D)		750		9
Capital Trust Agency, Renaissance Charter School Project, RB
5.000%, 06/15/2049 (C)		1,000		924
Capital Trust Agency, Wonderful Foundations Charter, RB
5.000%, 01/01/2055 (C)		3,500		3,121
Charlotte County, Industrial Development Authority, AMT, RB
4.000%, 10/01/2051 (C)		500		407
Florida State, Development Finance, Brightline Project, AMT, RB
5.500%, 07/01/2053		3,000		3,118
Florida State, Development Finance, Global Reach Charter Acadamy Projects, RB
4.000%, 06/30/2056 (C)		765		531
Florida State, Higher Educational Facilities Financial Authority, Jacksonville University, RB
4.500%, 06/01/2033 (C)		500		494
Florida State, Village Community Development District No. 15, SAB
5.250%, 05/01/2054 (C)		1,000		1,020
5.000%, 05/01/2043 (C)		1,500		1,520
Highlands County, Health Facilities Authority, Senior Living Revenue, Trousdale Foundation Properties, RB
6.000%, 04/01/2038 (D)		400		105
Miami-Dade County, Seaport Department, Ser A, AMT, RB
5.250%, 10/01/2052		1,000		1,048
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)		3,365		3,217

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Saint Johns County, Industrial Development Authority, Vicars Landing Project, RB
4.000%, 12/15/2046	$	950	$	716
Sarasota County, Health Facilities Authority, Sunnyside Village Project, RB
5.000%, 05/15/2033		630		638
4.000%, 05/15/2028		985		968
Trout Creek, Community Development District, SAB
5.000%, 05/01/2028		355		360
				21,805
Georgia — 2.5%
Augusta, Development Authority, Wellstar Health System Inc Project, RB
5.125%, 04/01/2053		3,500		3,654
Gainesville & Hall County, Development Authority, Riverside Military Academy Project, RB
5.125%, 03/01/2052		1,620		1,089
George L Smith II, Georgia World Congress Center Authority, Convention Center Hotel, RB
5.000%, 01/01/2054 (C)		1,460		1,295
Georgia State, Main Street Natural Gas, Ser A, RB
5.000%, 05/15/2049		1,000		1,016
5.000%, 06/01/2053 (A)		2,150		2,245
Georgia State, Main Street Natural Gas, Ser E-1, RB
5.000%, 12/01/2053 (A)		3,400		3,584
Georgia State, Municipal Electric Authority, Plant Voltage Units 3 & 4 Project, RB
5.500%, 07/01/2063		5,500		5,723
5.500%, 07/01/2064		1,000		1,043
5.000%, 01/01/2056		500		506
5.000%, 07/01/2060		5,000		4,930
				25,085
Idaho — 0.2%
Idaho State, Housing & Finance Association, Compass Charter School Project, Ser A, RB
4.625%, 07/01/2029 (C)		305		304
Spring Valley Community, Infrastructure District No. 1, SAB
3.750%, 09/01/2051 (C)		1,500		1,245
				1,549
Illinois — 3.3%
Chicago, Board of Education, Ser C, GO
5.000%, 12/01/2027		500		514

58

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Chicago, O'Hare International Airport, AMT, RB
5.000%, 07/01/2048	$	500	$	497
Chicago, O'Hare International Airport, Ser D, RB
5.000%, 01/01/2052		3,125		3,160
Chicago, Sales Tax Revenue, Ser 2002, RB
Pre-Refunded @ 100
5.000%, 01/01/2025 (B)		2,500		2,518
Chicago, Wastewater Transmission, Ser A, RB, AGM
5.250%, 01/01/2053		1,000		1,064
Hillside, TA
5.000%, 01/01/2030		1,345		1,327
Illinois State, Finance Authority, Acero Charter Schools, RB
4.000%, 10/01/2042 (C)		350		290
Illinois State, Finance Authority, Art in Motion Project, RB
5.000%, 07/01/2051 (C)		1,000		730
Illinois State, Finance Authority, Friendship Village of Schaumburg Project, RB
5.125%, 02/15/2045 (D)		1,750		403
5.000%, 02/15/2022 (D)		1,000		230
5.000%, 02/15/2037 (D)		1,750		402
Illinois State, Finance Authority, Plymouth Place, RB
Pre-Refunded @ 100
5.000%, 05/15/2025 (B)		500		505
Illinois State, Finance Authority, Presence Health Network, Ser C, RB
5.000%, 02/15/2041		1,000		1,008
Illinois State, GO
5.000%, 02/01/2039		5,000		5,003
Illinois State, RB
5.000%, 06/15/2026		2,000		2,003
Illinois State, Ser A, GO
4.625%, 05/01/2037		2,500		2,534
Illinois State, Ser B, GO
5.250%, 05/01/2043		7,000		7,594
5.000%, 12/01/2026		2,500		2,570
Will County, Community High School District No. 210 Lincoln-Way, Ser B, GO, BAM
0.000%, 01/01/2029 (G)		400		331
0.000%, 01/01/2031 (G)		300		228
0.000%, 01/01/2033 (G)		100		69
				32,980
Indiana — 1.4%
Indiana State, Finance Authority, Ohio Valley Electric Corp Project, Ser 2012C, RB
3.000%, 11/01/2030		3,900		3,604

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Indiana State, Finance Authority, Polyflow Project, AMT, RB
7.000%, 03/01/2039 (C)	$	10,200	$	7,069
Indianapolis, Local Public Improvement Bond Bank, Indiana Convention Center Hotel, RB
5.750%, 03/01/2043		3,050		3,318
				13,991
Iowa — 0.9%
Iowa State, Finance Authority, Deerfield Retirement Community Project, RB
Pre-Refunded @ 100
5.400%, 11/15/2024 (A)(B)		590		594
Iowa State, Finance Authority, Iowa Fertilizer Company Project, RB
4.000%, 12/01/2050 (A)		4,200		4,330
Iowa State, Finance Authority, Northcrest Project, Ser A, RB
5.000%, 03/01/2028		800		799
Iowa State, Finance Authority, Tamid Waterloo Project, RB
8.000%, 01/01/2042 (C)		2,000		1,880
Iowa State, Tobacco Settlement Authority, Sub-Ser B-, RB
0.000%, 06/01/2065 (G)		11,490		1,395
				8,998
Kansas — 0.4%
Colby, Citizens Medical Center Project, RB
5.500%, 07/01/2026		2,000		1,989
Kansas State, Development Finance Authority, Village of Shalom Project, Ser A, RB
5.500%, 11/15/2038		1,025		857
Wichita, Presbyterian Manor Project, RB
5.000%, 05/15/2050		600		431
Wichita, Presbyterian Manor Project, Ser I, RB
5.000%, 05/15/2028		410		395
Wyandotte County, Kansas City Unified Government, RB
0.000%, 09/01/2034 (C)(G)		1,930		782
				4,454
Kentucky — 0.2%
Kentucky State, Economic Development Finance Authority, Baptist Life Community Project, Ser S, RB
6.250%, 11/15/2046		1,000		753
6.000%, 11/15/2036		1,700		1,408
				2,161

SEI Tax Exempt Trust

59

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Louisiana — 0.2%
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Cameron Parish GOMESA Project, RB
5.650%, 11/01/2037 (C)	$	800	$	846
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Jefferson Parish GOMESA Project, RB
4.000%, 11/01/2044 (C)		400		358
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Terrebonne Parish GOMESA Project, RB
5.500%, 11/01/2039 (C)		700		731
				1,935
Maryland — 0.1%
Maryland State, Economic Development Corporation, Purple Line Light Rail Project, AMT, RB
5.250%, 06/30/2055		625		640
Massachusetts — 1.4%
Massachusetts State, Development Finance Agency, RB
5.250%, 07/01/2052		1,500		1,578
Massachusetts State, Ser C, GO
5.000%, 10/01/2046		6,100		6,603
Massachusetts State, Ser D, GO
5.000%, 10/01/2051		5,000		5,342
				13,523
Michigan — 2.5%
Detroit, Ser A, GO
6.000%, 05/01/2039		1,000		1,120
5.250%, 05/01/2027		300		308
Detroit, Ser B-1, GO
4.000%, 04/01/2044 (A)(F)		5,800		4,574
Michigan State, Finance Authority, Detroit Water and Sewerage Project, Senior Lien, RB
5.000%, 07/01/2033		3,000		3,002
Michigan State, Finance Authority, Public School Academy, Bradford Academy Project, RB
5.000%, 09/01/2050		310		247
4.800%, 09/01/2040		185		156
4.300%, 09/01/2030		120		110
Michigan State, Finance Authority, Tobacco Settlement, RB
0.000%, 06/01/2045 (G)		5,000		1,232

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Michigan State, Finance Authority, Tobacco Settlement, Ser B, RB
0.000%, 06/01/2046 (G)	$	28,500	$	3,640
Michigan State, Finance Authority, Tobacco Settlement, Ser B-2-CLASS, RB
0.000%, 06/01/2065 (G)		20,000		2,021
Michigan State, Finance Authority, Tobacco Settlement, Ser C, RB
0.000%, 06/01/2058 (G)		125,250		3,800
Michigan State, Trunk Line Fund, Rebuilding Michigan Program, RB
5.000%, 11/15/2046		4,000		4,337
				24,547
Minnesota — 0.2%
Independence, Beacon Academy Project, Ser A, RB
4.250%, 07/01/2026		470		459
Minneapolis, Education Authority, Twin Cities International School, RB
5.000%, 12/01/2032 (C)		750		759
Minneapolis, NorthEast College Prep Project, RB
5.000%, 07/01/2055		710		561
Shakopee, Senior Housing Revenue, Benedictine Living Community Project, RB
5.850%, 11/01/2058 (A)(C)		500		488
St. Cloud, Stride Academy Project, Ser A, RB
3.750%, 04/01/2026		175		168
				2,435
Missouri — 0.7%
Lees Summit, Industrial Development Authority, John Knox Village Project, Ser A, RB
5.000%, 08/15/2051		1,050		893
Missouri State, Development Finance Board, Saint Louis Zoo Projects, Ser 2022, RB
5.250%, 05/01/2055		4,005		4,195
St. Louis, Land Clearance for Redevelopment Authority, National Geospacial Intelligence, RB
5.125%, 06/01/2046		2,295		2,270
				7,358
Montana — 0.1%
Kalispel, Housing and Health Care Facilities, Immanuel Lutheran Project, RB
5.250%, 05/15/2052		1,500		1,201

60

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Nevada — 1.0%
Nevada State, Department of Business & Industry, Brightline West Passenger Rail Project, AMT, RB
8.125%, 01/01/2050 (A)(C)	$	5,600	$	5,786
Nevada State, Department of Business & Industry, Fulcrum Sierra Biofuels Project, AMT, RB
6.950%, 02/15/2038 (C)(D)		2,942		294
5.125%, 12/15/2037 (C)		2,252		451
Reno, Sub-Ser D, RB
0.000%, 07/01/2058 (C)(G)		10,000		1,048
Reno, Sub-Ser, RB
0.000%, 07/01/2058 (C)(G)		20,500		2,621
				10,200
New Hampshire — 0.6%
New Hampshire State, National Finance Authority, Ser 1-, RB
3.787%, 09/20/2034 (C)		4,013		3,736
New Hampshire State, National Finance Authority, Ser 2023-2, RB
3.875%, 01/20/2038		1,486		1,341
New Hampshire State, National Finance Authority, University of Nevada Project, RB, BAM
4.500%, 06/01/2053		1,075		1,055
				6,132
New Jersey — 1.6%
New Jersey State, Economic Development Authority, Kapowski Road Landfill Project, SAB
5.750%, 04/01/2031		2,500		2,513
New Jersey State, Economic Development Authority, Portal North Bridge Project, RB
5.000%, 11/01/2052		4,000		4,163
New Jersey State, Economic Development Authority, Sub-Ser A, RB
3.125%, 07/01/2029		445		419
New Jersey State, Educational Facilities Authority, Higher Education Capital Improvement Fund, RB
4.625%, 09/01/2048		1,450		1,477
New Jersey State, Educational Facilities Authority, Stockton University, Ser A, RB
5.000%, 07/01/2041		2,000		2,025
New Jersey State, Tobacco Settlement Financing, Sub-Ser B, RB
5.000%, 06/01/2046		720		725

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Transportation Trust Fund Authority, Transportation Program, Ser AA, RB
5.250%, 06/15/2041	$	1,250	$	1,262
Passaic County, Improvement Authority, Paterson Arts & Science Charter School Project, RB
5.375%, 07/01/2053		500		507
South Jersey, Transportation Authority, Ser A, RB
5.000%, 11/01/2039		2,500		2,503
				15,594
New York — 6.4%
Build NYC Resource, NYU Law School Project, RB
5.000%, 07/01/2041		1,500		1,435
Hempstead Town, Local Development, The Academy Charter School Project, RB
6.760%, 02/01/2048		1,000		1,013
4.600%, 02/01/2051		500		379
Monroe County, Industrial Development, Ann's Community Project, RB
5.000%, 01/01/2040		1,500		1,289
New York City, Industrial Development Agency, Yankee Stadium Project, RB, FGIC
4.237%, 03/01/2026 (A)		425		420
4.227%, 03/01/2025 (A)		400		398
New York City, Municipal Water Finance Authority, Sub-Ser, RB
5.250%, 06/15/2048		1,700		1,860
5.250%, 06/15/2054		1,700		1,851
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser E-1, RB
3.000%, 02/01/2051		1,000		735
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser, RB
5.250%, 05/01/2048		2,000		2,180
New York Counties, Tobacco Trust IV, Ser E, RB
0.000%, 06/01/2055 (G)		57,000		4,722
New York Counties, Tobacco Trust V, Sub-Ser, RB
0.000%, 06/01/2055 (G)		28,000		2,272
New York State, Liberty Development Authority, Goldman Sachs Headquarters Project, RB
5.500%, 10/01/2037		1,000		1,159

SEI Tax Exempt Trust

61

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Liberty Development Authority, World Trade Center Project, RB
5.375%, 11/15/2040 (C)	$	4,000	$	4,015
5.000%, 11/15/2044 (C)		10,750		10,769
New York State, Transportation Development Corporation, American Airlines Inc, JFK International Airport Project, AMT, RB
5.250%, 08/01/2031		1,185		1,245
New York State, Transportation Development Corporation, Delta Air Lines Inc, LaGuardia Airport Terminals C&D Redevelopment Project, AMT, RB
6.000%, 04/01/2035		2,000		2,272
5.000%, 01/01/2029		545		562
5.000%, 01/01/2033		4,085		4,212
4.000%, 10/01/2030		1,000		993
New York State, Transportation Development Corporation, JFK International Airport New Terminal One Project, AMT, RB, AGM
5.500%, 06/30/2044		2,000		2,137
New York State, Transportation Development Corporation, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB
5.000%, 07/01/2046		3,985		3,960
New York State, Urban Development Corporation, Ser A, RB
5.000%, 03/15/2053		3,500		3,720
Suffolk Regional, Off-Track Betting, RB
6.000%, 12/01/2053		500		517
Suffolk, Tobacco Asset Securitization, Sub-Ser, RB
0.000%, 06/01/2066 (G)		21,000		1,958
Syracuse, Industrial Development Agency, Carousel Center Project, Ser B, RB
5.693%, 01/01/2028 (C)		1,300		1,195
TSASC, Tobacco Settlement, Sub-Ser, RB
5.000%, 06/01/2045		4,250		3,651
Ulster County, Capital Resource, Woodland Pond at New Paltz, RB
5.250%, 09/15/2047		1,000		755
5.250%, 09/15/2053		2,500		1,814
Westchester County, Local Development Corporation, Westchester Medical Center, RB, AGM
5.750%, 11/01/2053		500		560
				64,048

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
North Carolina — 0.1%
Mecklenburg County, Hospital Authority, Ser E, RB, AGM
2.600%, 01/15/2044 (A)(H)	$	800	$	800
North Dakota — 0.0%
Grand Forks County, Solid Waste Facility, Red River Biorefinery Project, AMT, RB
7.000%, 12/15/2043 (C)(D)		1,500		45
6.625%, 12/15/2031 (C)(D)		1,000		30
				75
Ohio — 1.6%
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2055		3,000		2,684
0.000%, 06/01/2057 (G)		54,300		4,845
Franklin County, Convention Facilities Authority, Greater Columbus Convention Center, RB
5.000%, 12/01/2044		4,000		3,860
Lake County, Port & Economic Development Authority, 1st Mortgage - Tapestry Wickliffe, RB
6.750%, 12/01/2052 (C)(D)		650		26
6.500%, 12/01/2037 (C)(D)		1,100		44
Montgomery County, Trousdale Foundation Properties Project, RB
6.250%, 04/01/2049 (C)(D)		1,900		499
6.000%, 04/01/2038 (C)(D)		1,615		425
Ohio State, Air Quality Development Authority, Vanadium Project, AMT, RB
5.000%, 07/01/2049 (C)		4,250		3,778
				16,161
Oklahoma — 0.6%
Comanche County, Hospital Authority, RB
5.000%, 07/01/2025		1,500		1,497
Oklahoma State, Development Finance Authority, Alden Group Renewable Energy, AMT, RB
8.000%, 12/01/2041 (C)		2,500		2,020
Oklahoma State, Development Finance Authority, Oklahoma City University Project, RB
4.000%, 08/01/2035		2,790		2,595
Payne County, Economic Development Authority, Epworth Living Retirement Community, RB
7.000%, 11/01/2051 (D)		2,163		5
6.875%, 11/01/2046 (D)		1,081		2
6.625%, 11/01/2036 (D)		522		1
				6,120

62

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Oregon — 0.1%
Clackamas County, Hospital Facility Authority, Willametter View Project, RB
5.000%, 11/15/2052	$	1,500	$	1,359
Oregon State, Business Development Commission, Red Rock Biofuels LLC, AMT, RB
6.500%, 04/01/2031 (C)(D)		11,100		77
Oregon State, Housing & Community Services Department, Single-Family Mortgage Program, Ser B, RB
3.390%, 07/01/2037 (A)(H)		100		100
				1,536
Other — 2.1%
Freddie Mac, Multifamily ML Certificates, RB
4.001%, 01/25/2040 (A)		4,956		4,808
Freddie Mac, Multifamily ML Certificates, Ser M, RB
4.548%, 08/25/2040 (A)		5,885		5,977
3.959%, 12/25/2036 (A)		5,263		5,114
Freddie Mac, Multifamily ML Certificates, Ser ML17, Cl A, RB
2.990%, 04/25/2043 (A)		1,992		1,596
Freddie Mac, Structured Pass-Through Certificates, RB
4.683%, 10/25/2040 (A)		3,100		3,192
				20,687
Pennsylvania — 2.7%
Allegheny County, Airport Authority, Ser A, AMT, RB
5.000%, 01/01/2056		1,000		1,020
Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, Sub-Ser, RB
5.250%, 05/01/2042 (C)		2,130		2,057
Berks County, Industrial Development Authority, The Highlands at Wyomissing Project, RB
Pre-Refunded @ 102
5.000%, 05/15/2025 (B)		300		309
Blythe, Solid Waste Authority, AMT, RB
Pre-Refunded @ 100
7.750%, 12/01/2027 (B)		3,600		3,964
Chester County, Industrial Development Authority, Woodlands at Graystone Project, SAB
4.375%, 03/01/2028 (C)		253		246
Franklin County, Industrial Development Authority, Menno-Haven Project, RB
5.000%, 12/01/2025		495		490

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Lancaster County, Hospital Authority, Penn State Health, RB
5.000%, 11/01/2046	$	2,500	$	2,564
5.000%, 11/01/2051		3,000		3,047
Pennsylvania State, Economic Development Financing Authority, Consol Energy Inc Project, AMT, RB
9.000%, 04/01/2051 (A)(C)		2,040		2,236
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.250%, 06/30/2053		5,000		5,174
Pennsylvania State, Economic Development Financing Authority, Presbyterian Senior Living Project, RB
5.250%, 07/01/2049		1,250		1,272
Philadelphia, Industrial Development Authority, University Square Apartments Project, RB
5.500%, 12/01/2058 (C)		2,000		1,858
Southcentral Pennsylvania, General Authority, York Academy Regional Christian School Program, RB
6.500%, 07/15/2048 (C)		2,800		2,876
				27,113
Puerto Rico — 8.1%
Puerto Rico, Electric Power Authority, Ser AAA-PSA, RB
5.250%, 07/01/2030 (D)		200		53
5.250%, 07/01/2031 (D)		5,895		1,547
Puerto Rico, Electric Power Authority, Ser A-PSA, RB
6.750%, 07/01/2036 (D)		2,605		684
Puerto Rico, Electric Power Authority, Ser UU, RB, AGM
4.245%, 07/01/2029 (A)(D)		9,040		8,598
Puerto Rico, Electric Power Authority, Ser VV-PSA, RB
5.500%, 07/01/2020		1,380		362
Puerto Rico, Electric Power Authority, Ser XX-PSA, RB
5.250%, 07/01/2040 (D)		1,070		281
Puerto Rico, Electric Power Authority, Ser ZZ-PSA, RB
5.250%, 07/01/2019 (D)		1,265		332
Puerto Rico, GDB Debt Recovery Authority, RB
7.500%, 08/20/2040		10,498		10,196
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
5.000%, 07/01/2058		6,503		6,482
0.000%, 07/01/2046 (G)		14,600		4,650
0.000%, 07/01/2051 (G)		37,000		8,751

SEI Tax Exempt Trust

63

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2A, RB
4.550%, 07/01/2040	$	2,000	$	2,012
Puerto Rico, Ser A, GO
0.000%, 07/01/2024 (G)		194		194
0.000%, 07/01/2033 (G)		4,500		2,982
Puerto Rico, Ser A1, GO
4.000%, 07/01/2041		3,400		3,149
Puerto Rico, Sub-Ser CW, GO
0.000%, 11/01/2043 (A)(E)		12,962		8,036
Puerto Rico, Sub-Ser Senior, GO
0.000%, 11/01/2051 (A)(E)		17,817		11,225
Puerto Rico, Sub-Ser, GO
0.000%, 11/01/2051 (A)(E)		21,737		11,222
				80,756
Rhode Island — 0.8%
Rhode Island State, Tobacco Settlement Financing Authority, Ser A, RB
0.000%, 06/01/2052 (G)		6,890		1,171
Rhode Island State, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2050		7,000		7,003
				8,174
South Carolina — 0.4%
Patriots Energy Group, Financing Agency, RB
5.250%, 02/01/2054 (A)		1,800		1,925
South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, AMT, RB
6.250%, 02/01/2045 (C)(D)		1,000		100
5.250%, 02/01/2027 (C)(D)		1,000		100
South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, RB
8.000%, 12/06/2029 (D)		155		124
South Carolina State, Jobs-Economic Development Authority, Seafields at Kiawah Island Project, RB
7.750%, 11/15/2058		1,350		1,403
				3,652
Tennessee — 0.8%
Bristol, Industrial Development Board, Pinnacle Project, TA
5.625%, 06/01/2035		2,000		1,787
Memphis-Shelby County, Industrial Development Board, Graceland Project, TA
5.500%, 07/01/2037 (D)		700		529

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Nashville, Metropolitan Development & Housing Agency, TA
4.500%, 06/01/2028 (C)	$	495	$	488
Shelby County, Health Educational & Housing Facilities Board, Tennessee Retirement Facility, The Farms at Bailey Station, RB
5.750%, 10/01/2054		1,200		846
Tennessee State, Energy Acquisition, Ser C, RB
5.000%, 02/01/2027		4,000		4,024
				7,674
Texas — 4.9%
Angelina & Neches, River Authority, Jefferson Enterprise Energy, AMT, RB
12.000%, 12/01/2045 (C)		3,000		2,603
7.500%, 12/01/2045 (C)		1,750		1,162
Baytown, Municipal Development District, Baytown Convention Center Hotel, RB
5.000%, 10/01/2050 (C)		500		290
Brazoria County, Industrial Development, Aleon Renewable Metals Project, AMT, RB
12.000%, 06/01/2043 (C)		3,500		3,510
10.000%, 06/01/2042 (A)(C)		1,500		1,480
Brazoria County, Industrial Development, Gladieux Metals Recycling Project, AMT, RB
9.000%, 03/01/2039 (C)		8,910		9,305
7.000%, 03/01/2039		480		444
Calhoun County, Navigation Industrial Development Authority, AMT, RB
3.625%, 07/01/2026 (C)		2,000		1,882
Clifton, Higher Education Finance, International Leadership Project, Ser D, RB
6.125%, 08/15/2048		1,250		1,268
6.000%, 08/15/2038		1,500		1,530
New Hope, Cultural Education Facilities, Cardinal Bay Village Project, RB
5.500%, 07/01/2046 (D)		1,250		144
5.000%, 07/01/2031 (D)		250		29
5.000%, 07/01/2046 (D)		2,000		1,120
New Hope, Cultural Education Facilities, Edgemere Project, RB
5.000%, 01/01/2047		1,500		1,326
New Hope, Cultural Education Facilities, Longhorn Village Project, RB
5.000%, 01/01/2042		500		457
New Hope, Cultural Education Facilities, Quality Senior Housing Foundation, Ser A1, RB
5.000%, 12/01/2054		500		439

64

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Port Isabel, GO
5.100%, 02/15/2049 (C)	$	1,000	$	986
Port of Beaumont, Navigation District, Jefferson Gulf Coast Energy Project, AMT, RB
4.000%, 01/01/2050 (C)		1,500		1,231
Port of Beaumont, Navigation District, Jefferson Gulf Coast Energy Project, RB
6.000%, 01/01/2025 (C)		1,000		987
Texas State, Municipal Gas Acquisition & Supply I, Sub-Ser C, RB
5.196%, 12/15/2026 (A)		3,000		2,978
Texas State, Private Activity Bond, Surface Transportation, AMT, RB
5.000%, 06/30/2058		1,250		1,264
Texas State, Water Development Board, Ser A, RB
5.000%, 10/15/2058		3,600		3,791
4.875%, 10/15/2048		10,500		11,032
Woodloch, Health Facilities Development, Inspired Living Lewsville Project, RB
6.750%, 12/01/2051 (C)(D)		1,830		49
				49,307
Utah — 0.4%
Mida Mountain Village, Public Infrastructure District, Mountain Village Assesment, SAB
4.000%, 08/01/2050 (C)		2,000		1,640
UIPA Crossroads, Public Infrastructure District, TA
4.375%, 06/01/2052 (C)		1,000		879
Utah State, Charter School Finance Authority, Early Light Academy Project, RB
4.500%, 07/15/2027 (C)		500		492
Utah State, Charter School Finance Authority, St George Campus Project, Ser A, RB
5.000%, 06/15/2052 (C)		1,300		1,085
				4,096
Virginia — 1.6%
Farms of New Kent, Community Development Authority, Ser A, SAB
3.750%, 03/01/2036 (C)		3,800		3,504
Hanover County, Economic Development Authority, Covenant Woods Project, RB
5.000%, 07/01/2038		375		345
Henrico County, Economic Development Authority, Pinnacle Living Obligation Group, Ser A, RB
5.000%, 06/01/2044		1,000		918

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Lewistown, Commerce Center, Community Development Authority, Ser C, TA
6.050%, 03/01/2054	$	118	$	53
Lewistown, Commerce Center, Community Development Authority, TA
6.050%, 03/01/2044 (D)		79		62
Virginia Beach, Development Authority, Westminster-Canterbury on Chesapeake Bay, RB
7.000%, 09/01/2053		1,000		1,113
Virginia State, Small Business Financing Authority, Bon Secours Mercy Health, RB
4.000%, 12/01/2049		2,000		1,852
Virginia State, Small Business Financing Authority, Rixey Student Housing Project, Ser A, RB
5.500%, 07/01/2044 (C)		6,565		5,902
Virginia State, Small Business Financing Authority, Transform 66 P3 Project, AMT, RB
5.000%, 12/31/2049		2,500		2,516
				16,265
Washington — 0.6%
Skagit County, Public Hospital District No. 1, Skagit Regional Health, RB
5.000%, 12/01/2028		1,000		1,004
Washington State, Convention Center Public Facilities District, RB
4.000%, 07/01/2031		1,000		973
Washington State, Housing Finance Commission, Emerald Heights Project, Ser A, RB
5.000%, 07/01/2048		1,050		1,065
Washington State, Housing Finance Commission, Judson Park Project, RB
5.000%, 07/01/2033 (C)		225		224
4.000%, 07/01/2028 (C)		400		388
Washington State, Housing Finance Commission, Social Certificates, RB
3.375%, 04/20/2037		3,088		2,675
				6,329
West Virginia — 0.9%
West Virginia State, Hospital Finance Authority, Refunding & Improvement, Vandalia Health Group, Ser B, RB
6.000%, 09/01/2053		2,100		2,334
West Virginia State, Tobacco Settlement, Finance Authority, Ser B, RB
0.000%, 06/01/2047 (G)		73,250		6,473
				8,807

SEI Tax Exempt Trust

65

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin — 3.1%
Wisconsin State, Center District, Junior Dedicated Tax Revenue, Ser D, RB, AGM
0.000%, 12/15/2045 (G)	$	5,000	$	1,748
Wisconsin State, Center District, Senior Dedicated Tax Revenue, Ser C, RB, AGM
0.000%, 12/15/2045 (G)		8,110		2,806
Wisconsin State, Health & Educational Facilities Authority, Camillus Health System, RB
5.000%, 11/01/2046		1,000		848
Wisconsin State, Health & Educational Facilities Authority, Three Pillars Senior Living Communities, RB
5.750%, 08/15/2054		1,000		1,023
Wisconsin State, Health & Educational Facilities Authority, Wisconsin Illinois Senior Housing, RB
5.250%, 08/01/2048		1,500		1,195
5.000%, 08/01/2028		975		949
Wisconsin State, Public Finance Authority, Barton College Project, Ser A, RB
5.000%, 03/01/2038		2,500		2,353
5.000%, 03/01/2048		1,500		1,311
Wisconsin State, Public Finance Authority, Celanese Project, Ser B, AMT, RB
5.000%, 12/01/2025		2,000		2,020
Wisconsin State, Public Finance Authority, Delray Beach Radiation Therapy Project, Ser A-DELRAY, RB
7.000%, 11/01/2046 (C)(D)		3,500		1,925
Wisconsin State, Public Finance Authority, Estancia Valley Classical, RB
4.250%, 07/01/2051 (C)		1,000		737
Wisconsin State, Public Finance Authority, Irving Convention Center Hotel Project, RB
7.000%, 01/01/2050 (C)		3,250		3,431
Wisconsin State, Public Finance Authority, Lake Erie College, RB
5.875%, 10/01/2054 (C)		2,770		1,838
Wisconsin State, Public Finance Authority, Lariat Project, RB
0.000%, 09/01/2029 (C)(G)		1,000		685
Wisconsin State, Public Finance Authority, Marys Woods at Marylhurst Project, RB
5.250%, 05/15/2052 (C)		1,750		1,571
Wisconsin State, Public Finance Authority, Miami Worldcenter Project, TA
5.000%, 06/01/2041 (C)		1,000		1,000
Wisconsin State, Public Finance Authority, Northwest Nazarene University Project, RB
4.250%, 10/01/2049		1,000		852

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Public Finance Authority, Procure Proton Therapy Center Project, RB
6.375%, 01/01/2048 (C)	$	5,070	$	2,281
Wisconsin State, Public Finance Authority, Retirement Facilities First Mortgage, RB
5.250%, 03/01/2055 (C)		2,500		2,151
				30,724
Total Municipal Bonds
(Cost $764,728) ($ Thousands)				723,717
CORPORATE OBLIGATIONS — 22.0%
Financials — 19.5%
American Express
3.550%, H15T5Y + 2.854%(A)(I)		6,000		5,469
Australia & New Zealand Banking Group
6.750%, USISDA05 + 5.168%(A)(C)(I)		6,900		6,925
Banco Bilbao Vizcaya Argentaria
9.375%, H15T5Y + 5.099%(A)(I)		1,200		1,280
Banco Santander
9.625%, H15T5Y + 5.306%(A)(I)		3,000		3,207
Bank of America
6.125%, H15T5Y + 3.231%(A)(I)		3,800		3,791
4.375%, H15T5Y + 2.760%(A)(I)		3,000		2,805
Bank of Montreal
7.700%, H15T5Y + 3.452%, 05/26/2084 (A)		2,000		2,023
Bank of New York Mellon
4.625%, TSFR3M + 3.393%(A)(I)		2,200		2,080
3.750%, H15T5Y + 2.630%(A)(I)		5,800		5,324
3.700%, H15T5Y + 3.352%(A)(I)		5,000		4,751
Bank of Nova Scotia
8.625%, H15T5Y + 4.389%, 10/27/2082 (A)		3,200		3,341
Barclays PLC
9.625%, USISSO05 + 5.775%(A)(I)		800		853
8.000%, H15T5Y + 5.672%(A)(I)		800		799
4.375%, H15T5Y + 3.410%(A)(I)		3,000		2,506
Benloch Ranch, Improvement Association No. 2
10.000%, 12/01/2051 (C)(J)		6,000		5,981
BNP Paribas
9.250%, H15T5Y + 4.969%(A)(C)(I)		2,400		2,564
8.500%, H15T5Y + 4.354%(A)(C)(I)		1,400		1,462
4.625%, H15T5Y + 3.196%(A)(C)(I)		6,600		5,996
BP Capital Markets PLC
4.375%, H15T5Y + 4.036%(A)(I)		125		122
Capital One Financial
3.950%, H15T5Y + 3.157%(A)(I)		5,300		4,763
Charles Schwab
5.375%, H15T5Y + 4.971%(A)(I)		1,550		1,526

66

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
4.000%, H15T5Y + 3.168%(A)(I)	$	6,000	$	5,581
Citigroup
6.250%, TSFR3M + 4.779%(A)(I)		2,000		1,997
4.000%, H15T5Y + 3.597%(A)(I)		3,000		2,867
3.875%, H15T5Y + 3.417%(A)(I)		4,400		4,140
Citizens Financial Group
8.721%, TSFR3M + 3.419%(A)(I)		2,380		2,336
5.650%, H15T5Y + 5.313%(A)(I)		2,200		2,155
CoBank ACB
6.250%, US0003M + 4.660%(A)(I)		500		494
Corebridge Financial
6.875%, H15T5Y + 3.846%, 12/15/2052 (A)		2,000		2,013
Credit Agricole
8.125%, USSW5 + 6.185%(A)(C)(I)		2,000		2,040
Credit Agricole MTN
4.750%, H15T5Y + 3.237%(A)(C)(I)		3,000		2,618
Depository Trust & Clearing
3.375%, H15T5Y + 2.606%(A)(C)(I)		500		443
Discover Financial Services
6.125%, H15T5Y + 5.783%(A)(I)		500		497
Fifth Third Bancorp
4.500%, H15T5Y + 4.215%(A)(I)		500		482
Goldman Sachs Group
7.500%, H15T5Y + 2.809%(A)(I)		3,300		3,390
5.500%, H15T5Y + 3.623%(A)(I)		1,000		996
4.125%, H15T5Y + 2.949%(A)(I)		2,500		2,317
HSBC Holdings PLC
6.000%, USISDA05 + 3.746%(A)(I)		1,500		1,434
Huntington Bancshares
5.625%, H15T10Y + 4.945%(A)(I)		600		558
4.450%, H15T7Y + 4.045%(A)(I)		3,800		3,506
ING Groep
5.750%, H15T5Y + 4.342%(A)(I)		4,600		4,425
JPMorgan Chase
6.875%, H15T5Y + 2.737%(A)(I)		500		516
3.650%, H15T5Y + 2.850%(A)(I)		2,800		2,628
KeyCorp
5.000%, TSFR3M + 3.868%(A)(I)		3,000		2,675
Lloyds Banking Group PLC
8.000%, H15T5Y + 3.913%(A)(I)		4,800		4,842
M&T Bank
5.125%, TSFR3M + 3.782%(A)(I)		500		469
5.000%, H15T5Y + 3.174%(A)(I)		3,300		3,236
3.500%, H15T5Y + 2.679%(A)(I)		2,000		1,646
MetLife
3.850%, H15T5Y + 3.576%(A)(I)		3,800		3,654
NatWest Group PLC
8.125%, H15T5Y + 3.752%(A)(I)		2,000		2,028
Nordea Bank Abp MTN
6.125%, USSW5 + 3.388%(A)(C)(I)		2,500		2,492
Northern Trust
4.600%, TSFR3M + 3.464%(A)(I)		500		481

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
PNC Financial Services Group
6.250%, H15T7Y + 2.808%(A)(I)	$	2,100	$	2,004
6.000%, H15T5Y + 3.000%(A)(I)		3,400		3,309
3.400%, H15T5Y + 2.595%(A)(I)		1,000		889
Prudential Financial
6.500%, H15T5Y + 2.404%, 03/15/2054 (A)		2,000		2,005
Reagan Ranch Development
8.500%, 09/01/2031		5,000		4,482
Royal Bank of Scotland Group PLC
8.000%, USSW5 + 5.720%(A)(I)		200		201
Societe Generale
8.000%, USISDA05 + 5.873%(A)(C)(I)		1,800		1,810
Standard Chartered PLC
7.014%, US0003M + 1.460%(A)(C)(I)		4,000		4,007
Toll Road Investors Partnership II
0.000%, 02/15/2043 (C)(G)		20,002		5,881
Toronto-Dominion Bank
8.125%, H15T5Y + 4.075%, 10/31/2082 (A)		4,000		4,146
Truist Financial
4.800%, H15T5Y + 3.003%(A)(I)		10,400		10,161
UBS Group
9.250%, H15T5Y + 4.745%(A)(C)(I)		2,000		2,135
9.250%, H15T5Y + 4.758%(A)(C)(I)		1,000		1,113
4.375%, H15T5Y + 3.313%(A)(C)(I)		6,000		4,866
US Bancorp
5.300%, TSFR3M + 3.176%(A)(I)		1,000		956
3.700%, H15T5Y + 2.541%(A)(I)		7,200		6,408
Voya Financial
7.758%, H15T5Y + 3.358%(A)(I)		1,700		1,748
Wells Fargo
3.900%, H15T5Y + 3.453%(A)(I)		2,200		2,079
				194,724
Health Care — 0.9%
Cincinnati Senior Care
12.000%, 12/31/2023 (C)(J)		100		103
CommonSpirit Health
4.187%, 10/01/2049		4,300		3,419
Toledo Hospital
5.325%, 11/15/2028		2,500		2,353
4.982%, 11/15/2045		1,500		1,073
Tower Health
4.451%, 02/01/2050		5,540		2,663
				9,611
Utilities — 1.6%
Dominion Energy
4.650%, H15T5Y + 2.993%(A)(I)		9,000		8,960
4.350%, H15T5Y + 3.195%(A)(I)		800		756
Duke Energy
4.875%, H15T5Y + 3.388%(A)(I)		6,100		6,014

SEI Tax Exempt Trust

67

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Pacific Gas & Electric
3.400%, 08/15/2024	$	100	$	99
				15,829
Total Corporate Obligations
(Cost $228,794) ($ Thousands)				220,164
	Shares
PREFERRED STOCK — 3.1%
Communication Services — 0.3%
AT&T
4.750%(I)		137,000		2,761
Consumer Discretionary — 0.1%
Dairy Farmers of America
7.875%(I)		15,000		1,447
Financials — 2.5%
Allstate
7.375%(I)		10,000		272
4.750%(I)		23,234		480
Arch Capital Group
5.450%(I)		13,693		307
Bank of America (A)
6.248%, TSFR3M + 0.912%(A)(I)		25,000		552
Capital One Financial
5.000%(I)		71,700		1,433
Equitable Holdings
5.250%(I)		25,000		556
4.300%(I)		25,956		485
Fifth Third Bancorp (A)
9.302%, TSFR3M + 3.972%(A)(I)		55,412		1,420
Goldman Sachs Group (A)
6.257%, TSFR3M + 0.932%(A)(I)		5,452		128
KeyCorp (A)
6.125%, TSFR3M + 4.154%(A)(I)		4,000		97
M&T Bank (A)
5.625%, US0003M + 4.020%(A)(I)		12,841		307
MetLife
5.625%(I)		21,291		506
4.750%(I)		191,891		3,916
Morgan Stanley (A)
7.125%, US0003M + 4.320%(A)(I)		52,145		1,322
6.875%, US0003M + 3.940%(A)(I)		52,462		1,328
6.290%, TSFR3M + 0.962%(A)(I)		161,113		3,717
Regions Financial
6.375%, TSFR3M + 3.798%(A)(I)		2,600		66
5.700%, TSFR3M + 3.410%(A)(I)		16,000		367
4.450%(I)		49,094		900
RenaissanceRe Holdings
4.200%(I)		40,000		695

Description	Shares		Market Value ($ Thousands)
PREFERRED STOCK (continued)
Stifel Financial
4.500%(I)		44,000	$	799
US Bancorp (A)
6.610%, TSFR3M + 1.282%(A)(I)		500		427
6.190%, TSFR3M + 0.862%(A)(I)		10,051		216
4.000%(I)		18,029		317
Voya Financial (A)
5.350%, H15T5Y + 3.210%(A)(I)		105,000		2,593
Webster Financial
6.500%(I)		36,337		845
5.250%(I)		42,731		843
Wells Fargo
5.625%(I)		5,000		118
				25,012
Utilities — 0.2%
Duke Energy
5.750%(I)		8,727		218
Entergy Texas
5.375%(I)		39,700		912
NSTAR Electric
4.780%(I)		10,708		835
				1,965
Total Preferred Stock
(Cost $33,475) ($ Thousands)				31,185
	Face Amount (Thousands)
U.S. TREASURY OBLIGATIONS — 1.0%
United States Treasury Bill		€–
5.335%, 08/27/2024 (K)	$	2,000		1,975
5.322%, 09/10/2024 (K)		5,400		5,322
0.000%, 08/29/2024 (K)		2,800		2,765
Total U.S. Treasury Obligations
(Cost $10,060) ($ Thousands)				10,062
MORTGAGE-BACKED SECURITIES — 0.8%
Real Estate — 0.8%
FHLMC
5.210%, 08/01/2040		3,586		3,844
3.850%, 07/01/2039		4,183		3,890
				7,734
Total Mortgage-Backed Securities
(Cost $7,364) ($ Thousands)				7,734

68

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

May 31, 2024

Tax-Advantaged Income Fund (Concluded)

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 0.1%
SEI Daily Income Trust, Government Fund, Institutional Class
5.050%**†		603,994	$	604
Total Cash Equivalent
(Cost $604) ($ Thousands)				604
Total Investments in Securities — 99.5%
(Cost $1,045,025) ($ Thousands)			$	993,466

	Percentages are based on Net Assets of $998,061 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2024.
†	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, 2024, the value of these securities amounted to $236,977 ($ Thousands), representing 23.7% 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.

The following is a summary of the transactions with affiliates for the period ended May 31, 2024 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 5/31/2024		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	3,340	$	39,487	$	(42,223	)	$	—	$	—	$	604	$	169	$	—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

69

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

May 31, 2024 (Unaudited)

Portfolio Abbreviations

AGM— Assured Guaranty Municipal

AMBAC — American Municipal Bond Assurance Co.

AMT — Alternative Minimum Tax

BAM — Build America Mutual Assurance Corp.

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

MTN — Medium Term Note

NATL — National Public Finance Guarantee Corp

PLC — Public Limited Company

PSF-GTD — Permanent School Board Loan Fund

Q-SBLF — Qualified State Bond Loan Fund

RB — Revenue Bond

SAB — Special Assessment Bond

Ser— Series

SIFMA — Securities Industry and Financial Markets Association

TA — Tax Allocation

TSFR3M – Term Secured Overnight Financing Rate 3 Month

70

SEI Tax Exempt Trust