Sei Daily Income Trust N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSRS

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number 811-03451

SEI Daily Income Trust

(Exact name of registrant as specified in charter)

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Address of principal executive offices) (Zip code)

c/o CT Corporation

101 Federal Street

Boston, MA 02110

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-800-342-5734

Date of fiscal year end: January 31, 2014

Date of reporting period: July 31, 2014

Item 1. Reports to Stockholders.

July 31, 2014

SEMI-ANNUAL REPORT

SEI Daily Income Trust

† Money Market Fund

† Government Fund

† Government II Fund

† Prime Obligation Fund

† Treasury Fund

† Treasury II Fund

† Ultra Short Duration Bond Fund

† Short-Duration Government Fund

† Intermediate-Duration Government Fund

† GNMA Fund

TABLE OF CONTENTS

Schedule of Investments	1
Statements of Assets & Liabilities	40
Statements of Operations	42
Statements of Changes in Net Assets	44
Financial Highlights	48
Notes to Financial Statements	52
Disclosure of Fund Expenses	60

The Trust files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q within sixty days after the end of the period. The Trust’s Forms N-Q are available on the Commission’s website at http://www.sec.gov, and may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

Since the Funds in SEI Daily Income Trust typically hold only fixed income securities, they generally are not expected to hold securities for which they may be required to vote proxies. Regardless, in light of the possibility of the possibility that a Fund could hold a security for which a proxy is voted, the Trust has adopted proxy voting policies. A description of the policies and procedures that the Trust uses to determine how to vote proxies relating to portfolios ecurities, as well as information relating to how a Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-800-DIAL-SEI; and (ii) on the Commission’s website at http://www.sec.gov.

SCHEDULE OF INVESTMENTS (Unaudited)

Money Market Fund

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
COMMERCIAL PAPER (B) (C) — 38.9%
Albion Capital LLC
0.190%, 08/15/14	$	1,115	$	1,115
0.200%, 08/21/14		425		425
ANZ New Zealand International
0.210%, 01/09/15		315		315
ASB Finance
0.110%, 08/13/14		3,000		3,000
0.210%, 01/16/15		315		315
Barclays
0.080%, 08/01/14		2,365		2,365
BNZ International Funding
0.210%, 01/15/15		1,255		1,254
Caisse Centrale Desjardins
0.160%, 08/28/14		2,440		2,440
0.155%, 08/29/14		635		635
0.200%, 10/30/14		2,880		2,878
Chariot Funding LLC
0.220%, 11/12/14		445		445
Ciesco LLC
0.140%, 08/12/14		1,042		1,042
Coca-Cola
0.170%, 08/05/14 to 01/07/15		3,000		2,999
DNB Bank
0.225%, 08/18/14 to 11/14/14		1,745		1,744
0.235%, 09/02/14		600		600
0.220%, 12/05/14		2,300		2,298
Fairway Finance LLC
0.170%, 08/04/14		1,000		1,000
Google
0.140%, 08/14/14		405		405
Gotham Funding
0.150%, 08/04/14 to 08/07/14		4,096		4,096
JPMorgan Securities LLC
0.120%, 08/01/14		4,000		4,000
0.260%, 09/02/14		170		170
0.240%, 09/29/14		115		115
0.230%, 10/20/14 to 01/06/15		8,300		8,294
0.230%, 11/10/14 to 01/02/15		4,065		4,061
Jupiter Securitization LLC
0.220%, 08/04/14 to 11/12/14		2,470		2,470
0.210%, 12/08/14 to 01/07/15		5,930		5,924
Liberty Street Funding LLC
0.130%, 08/11/14		1,901		1,901
0.140%, 08/18/14 to 08/19/14		3,785		3,785
0.170%, 08/21/14		1,000		1,000

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Manhattan Asset Funding LLC
0.180%, 08/19/14 to 09/10/14	$	5,178	$	5,178
0.190%, 08/20/14		314		314
0.165%, 08/21/14		1,115		1,115
Nestle Capital
0.160%, 10/03/14		3,000		2,999
Nestle Finance International
0.160%, 09/30/14		910		910
Nordea Bank
0.210%, 10/20/14 to 12/01/14		3,945		3,942
0.225%, 10/22/14		965		964
0.220%, 10/29/14		440		440
0.215%, 11/03/14		510		510
Old Line Funding LLC
0.230%, 08/08/14 to 08/13/14		4,265		4,265
0.230%, 08/25/14		765		765
0.240%, 09/12/14		940		940
0.240%, 10/01/14		1,000		1,000
0.220%, 11/21/14 to 01/20/15		5,230		5,226
0.250%, 01/21/15		495		494
Prudential Funding LLC
0.060%, 08/01/14		13,050		13,050
Svenska Handelsbanken
0.220%, 10/01/14		3,000		2,999
Thunder Bay Funding LLC
0.240%, 10/01/14		850		850
0.230%, 10/27/14		1,500		1,499
0.220%, 12/03/14 to 12/15/14		2,515		2,512
0.240%, 01/21/15		3,440		3,436
Toyota Credit Canada
0.230%, 12/15/14		415		415
0.220%, 01/28/15		1,800		1,798
Toyota Motor Credit
0.200%, 08/05/14		1,300		1,300
0.200%, 08/28/14 to 09/17/14		4,000		3,999
0.210%, 01/09/15		3,000		2,997
Victory Receivables
0.150%, 08/06/14 to 08/18/14		2,478		2,478
Westpac Securities NZ
0.210%, 11/12/14 to 11/13/14		3,660		3,657
Working Capital Management
0.130%, 08/04/14 to 08/07/14		2,010		2,010
Total Commercial Paper (Cost $133,153) ($ Thousands)				133,153
CERTIFICATES OF DEPOSIT — 22.2%
Bank of Montreal IL
0.210%, 08/14/14		545		545
0.170%, 09/10/14		2,700		2,700
0.170%, 09/10/14		1,000		1,000
0.180%, 10/15/14		965		965
0.200%, 11/17/14		675		675
0.210%, 01/02/15		3,000		3,000

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 1

SCHEDULE OF INVESTMENTS (Unaudited)

Money Market Fund (Continued)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Bank of Nova Scotia
0.190%, 08/18/14	$	325	$	325
0.230%, 09/11/14		700		700
0.210%, 01/14/15		3,000		3,000
0.220%, 01/23/15		3,000		3,000
Bank of Tokyo-Mitsubishi UFJ NY
0.210%, 09/08/14		4,500		4,500
0.240%, 12/15/14		1,400		1,400
0.240%, 12/24/14		2,000		2,000
0.240%, 01/02/15		1,000		1,000
Canadian Imperial Bank of Commerce NY (A)
0.180%, 08/01/14		4,532		4,532
0.363%, 08/11/14		2,300		2,300
Citibank
0.160%, 08/06/14		1,990		1,990
DNB Bank
0.165%, 08/04/14		475		475
0.230%, 10/02/14		300		300
0.220%, 11/04/14		1,000		1,000
Nordea Bank
0.210%, 11/14/14		1,420		1,420
Nordea Bank Finland PLC
0.220%, 10/24/14		1,000		1,000
Norinchukin Bank
0.100%, 08/05/14		400		400
0.100%, 08/07/14		9,000		9,000
State Street Bank
0.200%, 12/15/14		2,000		2,000
0.210%, 12/17/14		2,245		2,245
Sumitomo Mitsui Banking
0.220%, 08/04/14		500		500
0.250%, 11/13/14		500		500
0.250%, 12/11/14		2,000		2,000
0.250%, 12/18/14		2,000		2,000
0.250%, 01/02/15		1,550		1,550
0.250%, 01/05/15		2,700		2,700
Svenska Handelsbanken NY
0.215%, 09/11/14		2,000		2,000
TD Securities
0.120%, 08/13/14		3,000		3,000
Toronto-Dominion Bank
0.200%, 08/04/14		575		575
0.170%, 08/06/14		1,177		1,177
0.120%, 08/11/14		3,000		3,000
0.210%, 01/16/15		840		840
Wells Fargo Bank
0.210%, 09/03/14		2,800		2,800
0.210%, 12/01/14		2,000		2,000
Total Certificates of Deposit (Cost $76,114) ($ Thousands)				76,114

Description	Face Amount ($ Thousands)		Value ($ Thousands)
TIME DEPOSITS — 12.7%
Citibank
0.080%, 08/01/14	$	4,925	$	4,925
Lloyds Bank PLC
0.060%, 08/01/14		16,110		16,110
National Australia Bank
0.050%, 08/01/14		13,000		13,000
Swedbank
0.070%, 08/01/14		9,465		9,465
Total Time Deposits (Cost $43,500) ($ Thousands)				43,500
U.S. GOVERNMENT AGENCY OBLIGATIONS (A) — 2.4%
FFCB
0.250%, 08/01/14		2,090		2,090
0.200%, 08/01/14		760		760
0.147%, 08/16/14		2,700		2,700
0.205%, 08/24/14		1,110		1,111
0.153%, 10/23/14		1,000		1,000
FFCB, Ser 1
0.230%, 08/01/14		350		350
FNMA
0.172%, 08/15/14		240		240
0.166%, 08/20/14		30		30
Total U.S. Government Agency Obligations (Cost $8,281) ($ Thousands)				8,281
MUNICIPAL BONDS (A) — 2.0%
Arizona — 0.2%
Pima County, Industrial Development Authority, RB
0.070%, 08/06/14		600		600
California — 0.2%
Sacramento, Municipal Utility District, Sub-Ser L, RB
0.050%, 08/07/14		585		585
Indiana — 0.2%
Indiana, Finance Authority, Ser F, RB
0.050%, 08/07/14		655		655
Iowa — 0.2%
Iowa State, Finance Authority, Ser C, RB
0.150%, 08/07/14		860		860
Iowa State, Finance Authority, Ser G, RB
0.150%, 08/07/14		30		30
				890

2 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Massachusetts — 0.1%
Simmons College, Higher Education Authority, RB
0.110%, 08/07/14	$	205	$	205
Michigan — 0.3%
Kent, Hospital Finance Authority, Ser C, RB
0.060%, 08/06/14		1,085		1,085
Minnesota — 0.2%
Minnesota State, Office of Higher Education, Ser A, RB
0.110%, 08/07/14		700		700
Missouri — 0.0%
St. Louis, Industrial Development Authority, Ser B, RB
0.070%, 08/06/14		55		55
New Hampshire — 0.0%
New Hampshire State, Health & Education Facilities Authority, Dartmouth College Project, Ser C, RB
0.080%, 08/06/14		190		190
Ohio — 0.2%
Cleveland, Department of Public Utilities Division of Water, Ser Q, RB
0.060%, 08/07/14		670		670
Texas — 0.1%
Texas State, Ser B, GO
0.080%, 08/07/14		375		375
Wisconsin — 0.3%
Wisconsin State, Health & Educational Facilities Authority, RB
0.050%, 08/06/14		800		800
Wisconsin State, Health & Educational Facilities Authority, Ser B, RB
0.060%, 08/06/14		170		170
				970
Total Municipal Bonds (Cost $6,980) ($ Thousands)				6,980
CORPORATE OBLIGATIONS — 0.8%
Commonwealth Bank of Australia
3.492%, 08/13/14		410		411
Commonwealth Bank of Australia (A)
0.182%, 08/01/14		1,000		1,000

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Nordea Bank MTN
3.700%, 11/13/14	$	540	$	545
Royal Bank of Canada MTN
0.936%, 10/30/14 (A)		335		335
Toyota Motor Credit
1.250%, 11/17/14		348		349
Total Corporate Obligations (Cost $2,640) ($ Thousands)				2,640
REPURCHASE AGREEMENTS (D) — 21.0%
Goldman Sachs 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $1,345,003 (collateralized by various FNMA obligations, par value $1,371,904, 3.500%, 02/01/18, with total market value $1,371,904)		1,345		1,345
Goldman Sachs 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $25,888,058 (collateralized by various FNMA obligations, ranging in par value $13,461,785 - $19,386,354, 3.500% - 4.000%, 08/01/42 - 11/01/42, with total market value $26,405,819)		25,888		25,888
Goldman Sachs 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $26,000,058 (collateralized by various FNMA obligations, par value $28,746,945, 3.500%, 11/01/42, with total market value $26,520,059)		26,000		26,000
Mizuho 0.170% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $6,015,032 (collateralized by various corporate obligations*, ranging in par value $2,000 - $763,000, 2.125% - 6.950%, 03/23/15 - 05/13/23, with total market value of $6,316,821)		6,015		6,015
RBC Capital 0.150% dated 07/29/14, to be repurchased on 08/05/14, repurchase price $2,950,086 (collateralized by various corporate obligations*, ranging in par value $41 - $1,101,094, 3.875% - 8.875%, 07/01/19 - 10/01/22, with total market value of $3,097,540)		2,950		2,950

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 3

SCHEDULE OF INVESTMENTS (Unaudited)

Money Market Fund (Concluded)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
RBC Capital 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $7,130,016 (collateralized by various FNMA, FMAC and GNMA obligations, ranging in par value $1,005 -$4,345,218, 2.333% - 6.000%, 09/01/26 - 07/20/44, with total market value $7,272,617)	$	7,130	$	7,130
TD Securities 0.090% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $1,670,004 (collateralized by various corporate obligations*, ranging in par value $12,228 - $466,226, 1.200% - 5.400%, 07/15/15 - 10/01/19, with total market value of $1,753,505)		1,670		1,670
Wells Fargo Securities 0.160% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $910,004 (collateralized by corporate obligations*, par value $870,438 4.250%, 01/15/31, with total market value of $955,505)		910		910
Total Repurchase Agreements (Cost $71,908) ($ Thousands)				71,908
Total Investments — 100.0% (Cost $342,576)($ Thousands)			$	342,576

* A summary of the corporate obligations used to collateralize repurchase agreements entered into by the Fund at July 31, 2014, is as follows:

Counterparty	Corporate Obligation	Rate			Maturity Date		Par Amount ($ Thousands)
Wells Fargo	Berkshire Hathaway Financial		4.250	%		01/15/21	$	870
Mizuho	Anadarka Petroleum Corp.		6.950			06/15/19		53
	Banco Bradesco		4.100			03/23/15		125
	Banco BTG Pactual		4.000			01/16/20		457
	Banco Santander Brasil		4.500			04/06/15		500
	Goldman Sachs Group		3.850			07/08/24		50
	GRUPO Televisa DE CV		6.000			05/15/18		25
	Morgan Stanley		5.500			07/24/20		2,431
	Morgan Stanley		2.125			04/25/18		7
	Nabors		6.150			02/15/18		2
	Petrobras International Finance		8.375			12/10/18		763
	Petrobras International Finance		7.875			03/15/19		969
	Vale Overseas Limited		4.375			01/11/22		40
TD Securities	Bank Of Nova Scotia		1.750			03/22/17		301
	Bank Of Nova Scotia		1.650			10/29/15		466
	Canadian Imperial		2.600			07/02/15		122
	Danaher Corp.		5.400			03/01/09		12
	HSBC Bank		3.100			05/24/16		21
	National Bank of Canada		2.200			10/19/16		328
	Royal Bank		2.000			10/01/19		83
	Royal Bank		1.200			09/19/17		181
	Westpac Banking		1.850			11/28/18		28
	Westpac Banking		1.375			07/17/15		177

Counterparty	Corporate Obligation	Rate			Maturity Date		Par Amount ($ Thousands)
RBC Capital	AT&T		3.875	%		08/15/21	$	2
	ING		5.500			07/15/22		729
	JPMorgan Chase		3.250			09/23/22		184
	Loriland Tobacco Co.		6.875			05/01/20		445
	Lyondellbasell Industries		6.000			11/15/21		8
	Newcrest Financial		4.200			10/01/22		18
	PNC		4.375			08/11/20		176
	Providence of Nova Scotia		8.875			07/01/19		159
	Sinopec Group		3.900			05/17/22		1,101
	Willis Group Holdings		5.750			03/15/21		—

Percentages are based on Net Assets of $342,567 ($ Thousands).

(A) Floating Rate Instrument. The rate reflected on the Schedule of Investments is the rate in effect on July 31, 2014. The demand and interest rate reset features give this security a shorter effective maturity date.

(B) The rate reported is the effective yield at time of purchase.

(C) Securities are held in connection with a letter of credit issued by a major bank.

(D) Tri-Party Repurchase Agreement.

FFCB — Federal Farm Credit Bank

FMAC — Financial Management Advisory Committee

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

LLC — Limited Liability Company

MTN — Medium Term Note

PLC — Public Limited Company

RB — Revenue Bond

Ser — Series

As of July 31, 2014, all of the Fund’s investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2014, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended July 31, 2014, there were no Level 3 securities.

For more information on valuation inputs, see Note 2—Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

4 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

SCHEDULE OF INVESTMENTS (Unaudited)

Government Fund

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
U.S. GOVERNMENT AGENCY OBLIGATIONS — 54.7%
FFCB
0.350%, 08/01/14 (A)	$	4,280	$	4,284
0.280%, 08/01/14 (A)		890		890
0.250%, 08/01/14 (A)		5,764		5,764
0.230%, 08/01/14 (A)		1,955		1,956
0.220%, 08/01/14 (A)		7,689		7,689
0.210%, 08/01/14 (A)		1,710		1,710
0.200%, 08/01/14 (A)		13,480		13,479
0.152%, 08/01/14 (A)		5,540		5,541
0.150%, 08/01/14 (A)		7,110		7,110
0.180%, 08/02/14 (A)		1,750		1,751
0.135%, 08/03/14 (A)		4,000		4,000
0.186%, 08/06/14 (A)		275		275
0.173%, 08/08/14 (A)		2,385		2,386
0.153%, 08/08/14 (A)		706		706
0.122%, 08/12/14 (A)		14,875		14,875
0.182%, 08/13/14 (A)		385		385
0.147%, 08/16/14 (A)		8,170		8,170
0.194%, 08/17/14 (A)		4,525		4,527
0.164%, 08/17/14 (A)		1,940		1,940
0.165%, 08/18/14 (A)		980		980
0.186%, 08/18/14		3,002		3,002
0.246%, 08/19/14 (A)		8,960		8,975
0.166%, 08/19/14 (A)		110		110
0.156%, 08/19/14 to 08/20/14 (A)		11,330		11,331
0.226%, 08/20/14 (A)		1,580		1,582
0.186%, 08/20/14 (A)		355		355
0.116%, 08/20/14 (A)		10,260		10,260
0.179%, 08/22/14 (A)		2,979		2,980
0.175%, 08/23/14 (A)		3,435		3,436
0.205%, 08/24/14 (A)		958		959
0.184%, 08/26/14 (A)		6,490		6,493
0.172%, 08/26/14 (A)		895		895
0.154%, 08/26/14 (A)		180		180
0.169%, 08/27/14 (A)		715		715
0.186%, 08/29/14 (A)		1,070		1,070
3.000%, 09/22/14		1,627		1,634
0.550%, 10/02/14		170		170
0.260%, 10/23/14		3,880		3,881
0.153%, 10/23/14 (A)		19,000		19,000
4.550%, 11/10/14		1,905		1,928
1.625%, 11/19/14		3,862		3,879
0.270%, 11/19/14 to 02/24/15		6,950		6,956
4.480%, 11/20/14		1,333		1,351
0.280%, 12/11/14		895		895
0.250%, 12/24/14		4,730		4,732

Description	Face Amount ($ Thousands)		Value ($ Thousands)
0.170%, 12/24/14	$	4,150	$	4,150
0.180%, 01/06/15		5,705		5,706
3.850%, 02/11/15		435		444
4.375%, 02/17/15		2,445		2,502
2.050%, 02/18/15		204		206
FFCB DN (B)
0.140%, 11/17/14		4,000		3,998
0.100%, 01/20/15		7,380		7,376
0.110%, 03/18/15		4,780		4,777
FFCB, Ser 1
0.230%, 08/01/14 (A)		1,185		1,185
FHLB
0.120%, 08/12/14 to 01/08/15		35,285		35,285
5.500%, 08/13/14		5,925		5,935
0.100%, 08/21/14 to 02/19/15		21,635		21,635
0.170%, 08/22/14 to 01/15/15		40,550		40,552
1.250%, 08/28/14 to 12/12/14		2,510		2,514
0.125%, 09/03/14 to 02/10/15		33,340		33,340
5.250%, 09/12/14		40		40
3.250%, 09/12/14		2,080		2,087
1.375%, 09/12/14		2,420		2,424
0.080%, 09/12/14 to 12/11/14		18,520		18,519
0.230%, 10/08/14		835		835
0.140%, 10/16/14 to 03/02/15		46,550		46,552
1.000%, 10/17/14		1,135		1,137
0.130%, 10/30/14 to 11/03/14		17,930		17,930
4.750%, 11/14/14 to 02/13/15		1,335		1,361
4.500%, 11/14/14 to 02/18/15		3,385		3,464
2.700%, 11/18/14		85		86
0.070%, 11/20/14		2,100		2,100
0.160%, 11/21/14		3,340		3,340
0.190%, 12/11/14		190		190
2.750%, 12/12/14 to 03/13/15		16,720		16,913
0.875%, 12/12/14		3,345		3,354
0.500%, 12/12/14		2,000		2,003
0.090%, 12/16/14 to 02/27/15		55,665		55,659
0.200%, 12/18/14		615		615
0.110%, 01/07/15		6,195		6,195
0.250%, 01/16/15 to 02/20/15		24,645		24,661
4.375%, 02/13/15		420		430
4.125%, 03/13/15		130		133

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 5

SCHEDULE OF INVESTMENTS (Unaudited)

Government Fund (Continued)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
3.500%, 03/13/15	$	205	$	209
0.150%, 03/17/15		735		735
FHLB DN
0.070%, 09/10/14 (B)		75,000		74,994
FHLMC
0.132%, 08/16/14 (A)		10,125		10,126
1.000%, 08/20/14 to 08/27/14		47,125		47,148
0.500%, 09/19/14		9,520		9,525
0.750%, 09/22/14 to 11/25/14		79,135		79,237
0.320%, 12/03/14		7,290		7,295
0.350%, 12/05/14 to 03/18/15		28,930		28,956
0.625%, 12/29/14		17,644		17,681
0.310%, 01/09/15		435		435
4.500%, 01/15/15		13,072		13,333
2.875%, 02/09/15		27,675		28,072
0.305%, 02/23/15		1,510		1,512
FHLMC DN
0.140%, 10/29/14 (B)		289		289
FHLMC MTN
0.375%, 08/28/14		13,684		13,687
5.000%, 10/27/14 to 11/13/14		4,275		4,327
0.305%, 01/02/15		610		610
5.150%, 03/01/15		665		684
FNMA
0.410%, 08/01/14 (A)		1,720		1,723
0.172%, 08/15/14 to 08/16/14 (A)		2,400		2,401
0.166%, 08/20/14 (A)		1,426		1,426
0.165%, 08/25/14 (A)		1,360		1,360
0.124%, 08/27/14 (A)		25,000		24,996
0.875%, 08/28/14		12,018		12,025
3.000%, 09/16/14		3,831		3,845
4.625%, 10/15/14		35,953		36,284
0.625%, 10/30/14		13,377		13,393
1.300%, 11/17/14		1,266		1,270
1.150%, 11/18/14		2,545		2,553
2.625%, 11/20/14		20,223		20,376
1.500%, 12/16/14		295		297
0.750%, 12/19/14		34,580		34,663
4.000%, 02/19/15 (D)		515		526
5.000%, 03/02/15		3,943		4,055
0.375%, 03/16/15		16,065		16,090
FNMA DN (B)
0.080%, 09/24/14		4,680		4,679
0.100%, 01/05/15		16,500		16,493
Total U.S. Government Agency Obligations (Cost $1,102,130) ($ Thousands)				1,102,130

Description	Face Amount ($ Thousands)		Value ($ Thousands)
REPURCHASE AGREEMENTS (C) — 45.2%
Bank of Montreal 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $200,000,444 (collateralized by various FMAC, FNMA, FCSB, FHLB and U.S. Treasury obligations, ranging in par value $5,000 - $100,000,000, 0.000% - 5.250%, 08/15/15 - 02/15/43, with total market value $204,000,514)	$	200,000	$	200,000
Bank of Nova Scotia 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $250,000,556 (collateralized by various FMAC, FNMA, and FHLB obligations, ranging in par value $23,100,000 - $99,600,000, 0.000%,08/08/14 - 07/15/22, with total market value $255,001,418)		250,000		250,000
Citibank 0.070% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $65,000,126 (collateralized by various U.S. Treasury Notes, par value $42,400 - $11,913,900, 0.250% - 2.625%, 11/30/14 - 05/15/23, with total market value of $66,300,143)		65,000		65,000
Goldman Sachs 0.070%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $75,000,146 (collateralized by various FNMA obligations, ranging in par value $9,885,000 - $43,750,000, 0.000% - 1.375%, 08/15/14 -03/08/24, with total market value $76,501,001)		75,000		75,000
Goldman Sachs 0.070%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $100,000,194 (collateralized by various FMAC and FHLB obligations, ranging in par value $17,900,000 - $29,642,000, 0.000%, 08/15/14 - 03/08/24, with total market value $102,001,117)		100,000		100,000

6 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
TD Securities 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $65,000,144 (collateralized by various U.S. Treasury Notes, ranging in par value $22,818,900 - $42,512,000, 0.375% - 2.625%, 11/15/15 - 11/15/20, with total market value $66,300,213)	$	65,000	$	65,000
Wells Fargo 0.080% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $30,105,067 (collateralized by various U.S. Treasury Notes, par value $5,949,600 - $24,996,000, 0.625% - 2.125%, 05/31/15 -09/30/17, with total market value of $30,707,205)		30,105		30,105
Wells Fargo 0.080% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $125,000,278 (collateralized by various U.S. Treasury Notes, par value $10,876,000 - $126,003,700, 1.000% - 2.875%, 10/31/16 - 05/15/43, with total market value of $127,500,331)		125,000		125,000
Total Repurchase Agreements (Cost $910,105) ($ Thousands)				910,105
Total Investments — 99.9% (Cost $2,012,235)($ Thousands)			$	2,012,235

Percentages are based on Net Assets of $2,014,605 ($ Thousands).

(A) Floating Rate Instrument. The rate reflected on the Schedule of Investments is the rate in effect on July 31, 2014. The demand and interest rate reset features give this security a shorter effective maturity date.

(B) The rate reported is the effective yield at time of purchase.

(C) Tri-Party Repurchase Agreement.

(D) Step Bonds — The rate reflected on the Schedule of Investments is the effective yield on July 31, 2014. The coupon on a step bond changes on a specified date.

DN — Discount Note

FCSB — Federal Farm Credit Banks Consolidated Systemwide Bonds

FFCB — Federal Farm Credit Bank

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FMAC — Financial Management Advisory Committee

FNMA — Federal National Mortgage Association

MTN — Medium Term Note

Ser — Series

As of July 31, 2014, all of the Fund’s investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2014, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended July 31, 2014, there were no Level 3 securities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 7

SCHEDULE OF INVESTMENTS (Unaudited)

Government II Fund

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
U.S. GOVERNMENT AGENCY OBLIGATIONS — 94.4%
FFCB
0.350%, 08/01/14 (A)	$	3,060	$	3,063
0.290%, 08/01/14 (A)		595		596
0.280%, 08/01/14 (A)		615		615
0.250%, 08/01/14 (A)		5,408		5,408
0.250%, 08/01/14		685		685
0.230%, 08/01/14 (A)		2,145		2,146
0.220%, 08/01/14 (A)		6,926		6,926
0.210%, 08/01/14 (A)		1,580		1,580
0.200%, 08/01/14 (A)		11,070		11,069
0.152%, 08/01/14 to 08/14/14 (A)		5,402		5,402
0.150%, 08/01/14 (A)		4,905		4,905
0.137%, 08/01/14 (A)		7,210		7,211
0.186%, 08/02/14 (A)		1,970		1,971
0.180%, 08/02/14 (A)		1,250		1,251
0.155%, 08/03/14 (A)		800		800
0.135%, 08/03/14 (A)		5,000		4,999
0.186%, 08/06/14 to 08/18/14 (A)		7,505		7,509
0.173%, 08/08/14 (A)		1,615		1,616
0.153%, 08/08/14 (A)		523		523
0.153%, 08/10/14 (A)		1,000		1,000
0.122%, 08/12/14 (A)		14,835		14,835
0.182%, 08/13/14 (A)		565		565
0.147%, 08/16/14 (A)		5,830		5,830
0.194%, 08/17/14 (A)		3,658		3,660
0.164%, 08/17/14 (A)		1,360		1,360
0.166%, 08/18/14 (A)		720		720
0.246%, 08/19/14 (A)		6,840		6,852
0.166%, 08/19/14 (A)		90		90
0.156%, 08/19/14 to 08/20/14 (A)		8,075		8,076
0.226%, 08/20/14 (A)		1,185		1,187
0.186%, 08/20/14 (A)		270		270
0.181%, 08/20/14 (A)		290		290
0.116%, 08/20/14 (A)		7,325		7,325
0.179%, 08/22/14 (A)		2,189		2,190
0.174%, 08/22/14 (A)		2,240		2,241
0.174%, 08/26/14		605		605
0.175%, 08/23/14 (A)		3,054		3,055
0.205%, 08/24/14 (A)		625		626
0.204%, 08/26/14 (A)		1,460		1,461
0.184%, 08/26/14 (A)		4,665		4,667
0.154%, 08/26/14 (A)		720		720
0.169%, 08/27/14 (A)		984		984
0.169%, 08/27/14 (A)		4,020		4,022
0.124%, 08/27/14 (A)		1,925		1,925
0.186%, 08/29/14 (A)		2,960		2,960

Description	Face Amount ($ Thousands)		Value ($ Thousands)
3.000%, 09/22/14	$	1,663	$	1,670
0.550%, 10/02/14		140		140
0.200%, 10/15/14		860		860
0.153%, 10/23/14 (A)		1,000		1,000
1.625%, 11/19/14		5,516		5,541
0.270%, 11/19/14 to 02/24/15		5,115		5,119
4.480%, 11/20/14		200		203
0.280%, 12/11/14		710		710
0.250%, 12/24/14		325		325
0.170%, 12/24/14		3,450		3,450
3.850%, 02/11/15		305		311
4.375%, 02/17/15		1,640		1,678
2.050%, 02/18/15		133		134
FFCB DN (B)
0.010%, 08/01/14		6,250		6,250
0.140%, 10/17/14		17,345		17,341
0.140%, 11/17/14		4,000		3,998
0.135%, 12/24/14		4,945		4,942
0.100%, 01/20/15		4,825		4,823
0.110%, 03/18/15		3,205		3,203
FFCB, Ser 1
0.230%, 08/01/14 (A)		1,095		1,095
FHLB
0.180%, 08/05/14 to 01/09/15		2,980		2,980
0.120%, 08/12/14 to 01/08/15		42,025		42,025
5.500%, 08/13/14		6,270		6,281
0.100%, 08/21/14 to 02/20/15		32,615		32,613
0.170%, 08/22/14 to 01/15/15		22,690		22,690
1.250%, 08/28/14 to 12/12/14		2,200		2,203
0.090%, 08/28/14 to 02/27/15		74,700		74,694
0.125%, 09/03/14 to 01/23/15		30,260		30,260
5.250%, 09/12/14		470		473
3.250%, 09/12/14		4,445		4,461
1.375%, 09/12/14		2,690		2,694
1.000%, 09/22/14 to 10/17/14		1,650		1,653
0.240%, 09/25/14		1,260		1,260
1.400%, 09/29/14		380		381
0.400%, 09/30/14		675		675
0.225%, 10/01/14		5,200		5,201
0.230%, 10/08/14		725		725
0.160%, 10/10/14 to 11/21/14		4,895		4,895
0.140%, 10/16/14 to 03/02/15		28,475		28,476

8 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
0.220%, 10/24/14 to 11/03/14	$	9,840	$	9,843
0.130%, 10/30/14 to 11/03/14		15,745		15,745
4.750%, 11/14/14 to 02/13/15		875		892
4.500%, 11/14/14 to 02/18/15		3,215		3,290
2.700%, 11/18/14		70		71
0.190%, 12/11/14		130		130
0.080%, 12/11/14		13,345		13,344
2.750%, 12/12/14 to 03/13/15		3,650		3,700
0.875%, 12/12/14		2,840		2,848
0.110%, 01/07/15		4,400		4,400
0.250%, 01/16/15 to 02/20/15		18,130		18,142
4.375%, 02/13/15		300		307
0.150%, 03/12/15 to 03/17/15		755		755
3.500%, 03/13/15		480		490
0.375%, 03/13/15		1,265		1,267
FHLB DN (B)
0.040%, 08/01/14		176,314		176,314
0.060%, 08/06/14		83,765		83,764
0.070%, 08/08/14		19,077		19,077
0.070%, 08/13/14		20,000		20,000
0.070%, 08/15/14		17,406		17,405
0.050%, 08/18/14		11,145		11,145
0.060%, 08/20/14		18,420		18,419
0.050%, 08/22/14		24,180		24,179
0.070%, 08/27/14		3,982		3,982
0.070%, 08/29/14		70,920		70,916
0.070%, 09/03/14		2,375		2,375
0.070%, 09/10/14		26,605		26,603
0.070%, 09/17/14		36,685		36,682
0.070%, 09/26/14		3,060		3,060
0.080%, 10/08/14		17,755		17,752
0.090%, 10/10/14		370		370
0.060%, 10/22/14		9,360		9,358
0.100%, 02/24/15		3,985		3,983
Tennessee Valley Authority DN (B)
0.600%, 08/07/14		5,565		5,565
0.050%, 08/14/14		23,620		23,620
0.100%, 08/21/14		980		980
Total U.S. Government Agency Obligations (Cost $1,123,997) ($ Thousands)				1,123,997
U.S. TREASURY OBLIGATIONS — 10.8%
U.S. Treasury Bills (B)
0.027%, 08/28/14		22,935		22,935
U.S. Treasury Notes
4.250%, 08/15/14		11,835		11,854

Description	Face Amount ($ Thousands)		Value ($ Thousands)
0.500%, 08/15/14 to 10/15/14	$	58,840	$	58,853
0.250%, 08/31/14		34,565		34,571
Total U.S. Treasury Obligations (Cost $128,213) ($ Thousands)				128,213
Total Investments — 105.2% (Cost $1,252,210)($ Thousands)			$	1,252,210

Percentages are based on Net Assets of $1,190,103 ($ Thousands).

(A) Floating Rate Instrument. The rate reflected on the Schedule of Investments is the rate in effect on July 31, 2014. The demand and interest rate reset features give this security a shorter effective maturity date.

(B) The rate reported is the effective yield at time of purchase.

DN — Discount Note

FFCB — Federal Farm Credit Bank

FHLB — Federal Home Loan Bank

Ser — Series

As of July 31, 2014, all of the Fund’s investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2014, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended July 31, 2014, there were no Level 3 securities.

For more information on valuation inputs, see Note 2—Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 9

SCHEDULE OF INVESTMENTS (Unaudited)

Prime Obligation Fund

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
COMMERCIAL PAPER (C) (D) — 41.8%
Albion Capital LLC
0.190%, 08/15/14	$	20,080	$	20,078
0.200%, 08/21/14		7,345		7,344
ANZ New Zealand International
0.200%, 11/07/14		20,000		19,989
0.210%, 01/09/15		39,870		39,833
ASB Finance
0.210%, 01/16/15		4,870		4,865
Bank of Nova Scotia
0.180%, 08/05/14		13,500		13,500
Bank of Tokyo-Mitsubishi UFJ NY
0.210%, 08/08/14		11,875		11,874
Barclays
0.080%, 08/01/14		200,000		200,000
BNZ International Funding
0.210%, 01/15/15		19,490		19,471
Caisse Centrale Desjardins
0.160%, 08/28/14		34,210		34,206
0.155%, 08/29/14		8,895		8,894
0.200%, 10/30/14		40,390		40,370
Chariot Funding LLC
0.220%, 11/12/14		31,980		31,961
Charta
0.200%, 09/08/14		3,485		3,484
Ciesco LLC
0.140%, 08/12/14		17,011		17,010
Coca-Cola
0.170%, 08/05/14 to 01/07/15		23,000		22,995
0.180%, 09/17/14 to 10/14/14		42,400		42,388
DNB Bank
0.225%, 08/18/14 to 11/14/14		38,255		38,241
0.235%, 08/26/14 to 09/08/14		38,800		38,791
0.220%, 12/05/14		21,000		20,984
Fairway Finance LLC
0.170%, 08/04/14		15,000		15,000
Google
0.140%, 08/14/14		6,810		6,810
JPMorgan Securities LLC
0.260%, 09/02/14		5,780		5,779
0.230%, 09/15/14 to 01/06/15		173,540		173,438
0.240%, 09/29/14		1,885		1,884
0.230%, 01/02/15		18,500		18,482
Jupiter Securitization LLC
0.220%, 08/04/14 to 11/12/14		47,915		47,901
0.210%, 12/08/14 to 01/07/15		62,885		62,828

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Liberty Street Funding LLC
0.130%, 08/11/14	$	29,445	$	29,444
0.140%, 08/18/14 to 08/19/14		54,215		54,211
0.170%, 08/21/14		10,000		9,999
Manhattan Asset Funding LLC
0.165%, 08/21/14		13,000		12,999
0.180%, 08/25/14 to 09/10/14		66,860		66,851
MetLife Short-Term Funding LLC
0.110%, 08/12/14		14,958		14,957
Nestle Capital
0.160%, 10/03/14		32,000		31,991
Nestle Finance International
0.130%, 08/22/14		8,130		8,129
0.160%, 09/30/14		63,310		63,293
Old Line Funding LLC
0.230%, 08/13/14		19,850		19,848
0.230%, 08/25/14 to 11/18/14		17,700		17,694
0.240%, 09/23/14 to 09/25/14		34,035		34,023
0.220%, 11/14/14 to 01/20/15		124,565		124,452
0.250%, 01/21/15		7,065		7,056
Procter & Gamble
0.150%, 10/21/14 to 10/27/14		7,285		7,283
Skandinaviska Enskilda Banken
0.200%, 11/17/14		15,000		14,991
Svenska Handelsbanken
0.220%, 10/01/14		10,000		9,996
Thunder Bay Funding LLC
0.220%, 09/12/14 to 12/15/14		50,126		50,093
0.240%, 10/01/14		14,080		14,074
0.240%, 10/09/14 to 01/21/15		20,330		20,316
Toyota Credit Canada
0.230%, 12/15/14		6,935		6,929
0.220%, 01/21/15		10,000		9,989
Toyota Motor Credit
0.200%, 08/28/14 to 11/03/14		68,000		67,983
0.210%, 10/27/14 to 01/20/15		136,200		136,084
0.220%, 11/14/14		18,000		17,988
Victory Receivables
0.150%, 08/14/14 to 08/18/14		66,687		66,683
Westpac Securities NZ
0.210%, 11/12/14 to 01/07/15		51,580		51,542
Working Capital Management
0.130%, 08/04/14 to 08/07/14		42,649		42,649
Total Commercial Paper (Cost $1,979,947) ($ Thousands)				1,979,947
CERTIFICATES OF DEPOSIT — 29.9%
Australia & New Zealand Banking Group NY
0.484%, 10/29/14 (A)		820		821
Bank of Montreal
0.210%, 08/14/14		59,480		59,480
0.170%, 09/10/14		52,300		52,300
0.170%, 09/10/14		20,000		20,000

10 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
0.180%, 10/15/14	$	14,985	$	14,985
0.210%, 01/02/15		67,000		67,000
Bank of Nova Scotia
0.230%, 09/08/14		44,800		44,800
0.230%, 09/11/14		37,000		37,000
0.220%, 11/10/14		35,000		35,000
0.210%, 01/14/15		16,500		16,500
Bank of Tokyo-Mitsubishi UFJ NY
0.210%, 09/08/14		14,000		14,000
0.210%, 09/22/14		14,000		14,000
0.240%, 12/15/14		4,000		4,000
0.240%, 12/23/14		18,000		18,000
0.240%, 12/24/14		35,000		35,000
0.240%, 01/14/15		39,000		39,000
0.240%, 01/16/15		11,000		11,000
Canadian Imperial Bank of Commerce NY (A)
0.180%, 08/01/14		39,000		39,000
0.180%, 08/01/14		72,050		72,050
0.363%, 08/11/14		1,175		1,175
Citibank
0.160%, 08/06/14		28,610		28,610
DNB Bank
0.165%, 08/04/14		7,525		7,525
0.230%, 10/02/14		33,500		33,500
Mizuho Bank
0.210%, 08/07/14		57,775		57,776
Nordea Bank
0.205%, 09/18/14		1,235		1,235
Nordea Bank Finland PLC
0.220%, 10/24/14		24,000		24,000
Norinchukin Bank
0.100%, 08/05/14		18,000		18,000
0.100%, 08/07/14		124,000		124,000
Royal Bank of Canada NY
0.280%, 08/01/14 (A)		2,045		2,045
Skandinaviska Enskilda Banken NY
0.230%, 12/11/14		11,090		11,091
State Street Bank
0.200%, 12/15/14		35,000		35,000
Sumitomo Mitsui Banking
0.160%, 08/01/14		15,000		15,000
0.220%, 08/04/14		17,700		17,700
0.220%, 08/25/14		16,000		16,000
0.250%, 11/13/14		16,050		16,050
0.250%, 12/11/14		15,000		15,000
0.250%, 12/18/14		5,800		5,800
0.250%, 01/05/15		21,000		21,000
Svenska Handelsbanken NY (A)
0.175%, 09/08/14		20,000		20,000
0.215%, 09/11/14		54,800		54,800
0.523%, 10/16/14		8,293		8,305
TD Securities
0.120%, 08/13/14		45,000		45,000

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Toronto-Dominion Bank
0.200%, 08/04/14	$	18,840	$	18,840
0.170%, 08/06/14		16,911		16,911
0.120%, 08/11/14		50,000		50,000
0.210%, 01/16/15		11,960		11,960
Wells Fargo Bank
0.210%, 08/12/14		30,200		30,200
0.210%, 11/07/14		30,000		30,003
0.210%, 12/01/14		33,675		33,675
0.210%, 12/02/14		37,000		37,000
0.210%, 12/08/14		12,000		12,000
Westpac Banking (A)
0.234%, 08/28/14		2,000		2,000
Total Certificates of Deposit (Cost $1,415,137) ($ Thousands)				1,415,137
TIME DEPOSITS — 18.2%
Citibank
0.080%, 08/01/14		68,990		68,990
Lloyds Bank PLC
0.060%, 08/01/14		235,150		235,150
National Australia Bank
0.050%, 08/01/14		215,000		215,000
Northern Trust
0.030%, 08/01/14		72,669		72,669
Skandinaviska Enskilda Banken
0.050%, 08/01/14		40,200		40,200
Svenska Handelsbanken NY
0.060%, 08/01/14		100,000		100,000
Swedbank
0.070%, 08/01/14		132,555		132,555
Total Time Deposits (Cost $864,564) ($ Thousands)				864,564
MUNICIPAL BONDS (A) — 1.6%
Arizona — 0.1%
Pima County, Industrial Development Authority, RB
0.070%, 08/06/14		4,800		4,800
California — 0.1%
Sacramento, Municipal Utility District, Sub-Ser L, RB
0.050%, 08/07/14		4,750		4,750
Colorado — 0.1%
Colorado State, Housing & Finance Authority, Ser A1, RB
0.120%, 08/06/14		900		900
0.080%, 08/06/14		2,365		2,365
Colorado State, Housing & Finance Authority, Ser C1, RB
0.100%, 08/06/14		900		900
				4,165

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 11

SCHEDULE OF INVESTMENTS (Unaudited)

Prime Obligation Fund (Continued)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Illinois — 0.0%
University of Illinois, Higher Education Authority, Ser S, RB
0.100%, 08/07/14 (A)	$	1,300	$	1,300
Indiana — 0.2%
Indiana, Finance Authority, Ser F, RB
0.050%, 08/07/14		8,280		8,280
Iowa — 0.1%
Iowa State, Finance Authority, Ser B, RB
0.100%, 08/07/14		800		800
Iowa State, Finance Authority, Ser C, RB
0.150%, 08/07/14		5,550		5,550
Iowa State, Finance Authority, Ser G, RB
0.150%, 08/07/14		145		145
Iowa State, Finance Authority, Ser M, RB
0.120%, 08/07/14		500		500
				6,995
Massachusetts — 0.1%
Simmons College, Higher Education Authority, RB
0.110%, 08/07/14		2,540		2,540
Michigan — 0.3%
Kent, Hospital Finance Authority, Ser C, RB
0.060%, 08/06/14		16,180		16,180
Missouri — 0.0%
St. Louis, Industrial Development Authority, Ser B, RB
0.070%, 08/06/14		840		840
New Hampshire — 0.1%
New Hampshire State, Health & Education Facilities Authority, Dartmouth College Project, Ser C, RB
0.080%, 08/06/14		2,945		2,945
Ohio — 0.1%
Cleveland, Department of Public Utilities Division of Water, Ser Q, RB
0.060%, 08/07/14		5,425		5,425

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Texas — 0.1%
Texas State, Ser B, GO
0.080%, 08/07/14	$	5,710	$	5,710
Wisconsin — 0.3%
Wisconsin State, Health & Educational Facilities Authority, RB
0.050%, 08/06/14		8,300		8,300
Wisconsin State, Health & Educational Facilities Authority, Ser B, RB
0.060%, 08/06/14		2,595		2,595
Wisconsin State, Housing & Economic Development Authority, Ser B, RB
0.090%, 08/07/14		915		915
				11,810
Total Municipal Bonds (Cost $75,740) ($ Thousands)				75,740
U.S. GOVERNMENT AGENCY OBLIGATIONS (A) — 0.4%
FFCB
0.200%, 08/01/14		13,390		13,389
FFCB, Ser 1
0.230%, 08/01/14		2,850		2,850
FNMA
0.172%, 08/15/14		3,460		3,462
0.166%, 08/20/14		190		190
Total U.S. Government Agency Obligations (Cost $19,891) ($ Thousands)				19,891
CORPORATE OBLIGATIONS — 0.7%
Bank of Nova Scotia
1.850%, 01/12/15		2,600		2,618
Commonwealth Bank of Australia MTN
3.750%, 10/15/14 (B)		1,220		1,229
Commonwealth Bank of Australia
0.182%, 08/01/14 (A)		18,000		18,000
Nordea Bank MTN
3.700%, 11/13/14 (B)		735		742
Royal Bank of Canada MTN
1.450%, 10/30/14		2,553		2,561
Toyota Motor Credit
1.250%, 11/17/14		6,312		6,330
Westpac Banking
0.484%, 10/29/14 (A) (B)		2,425		2,428
Total Corporate Obligations (Cost $33,908) ($ Thousands)				33,908

12 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
REPURCHASE AGREEMENTS (E) — 7.4%
Goldman Sachs 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $18,820,042 (collateralized by various FNMA obligations, ranging in par value $517,317 - $26,744,872, 3.500% - 4.500%, 11/01/41-11/01/42; with total market value $19,196,443)	$	18,820	$	18,820
Goldman Sachs 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $47,000,104 (collateralized by various FNMA and FMAC obligations, ranging in par value $757,492 -$52,708,172, 3.500% - 4.000%, 07/01/42 - 08/01/42; with total market value $47,940,107)		47,000		47,000
Goldman Sachs 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $105,370,234 (collateralized by various FNMA and FMAC obligations, ranging in par value $4,543,985 - $27,057,159, 2.217% - 4.000%, 12/01/42 - 04/01/44; with total market value $107,477,639)		105,370		105,370
RBC Capital 0.150%, dated 07/29/14, to be repurchased on 08/05/14, repurchase price $42,111,228 (collateralized by various corporate obligations*, ranging in par value $2,808 - $4,359,977, 0.379% - 8.875%, 03/15/15 - 06/15/24, with total market value of $44,216,053)		42,110		42,110
RBC Capital 0.080%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $99,800,222 (collateralized by various GNMA, FNMA and FMAC obligations, ranging in par value $20 - $13,045,333, 2.500% - 8.500%, 02/01/16 - 07/01/44; with total market value $101,796,226)		99,800		99,800

Description	Face Amount ($ Thousands)		Value ($ Thousands)
TD Securities 0.090% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $23,400,059 (collateralized by various corporate obligations*, ranging in par value $226,399 - $3,337,592, 1.250% - 5.400%, 04/14/15 - 07/08/24, with total market value of $24,570,062)	$	23,400	$	23,400
Wells Fargo 0.160% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $12,780,057 (collateralized by various corporate obligations*, ranging in par value $6,372,973 - $7,038,333, 2.200% - 3.750%, 05/16/19 - 07/01/24, with total market value of $13,419,060)		12,780		12,780
Total Repurchase Agreements (Cost $349,280) ($ Thousands)				349,280
Total Investments — 100.0% (Cost $4,738,467)($ Thousands)			$	4,738,467

* A summary of the corporate obligations used to collateralize repurchase agreements entered into by the Fund at July 31, 2014, is as follows:

Counterparty	Corporate Obligation	Rate			Maturity Date		Par Amount ($ Thousands)
RBC Capital	Actavis		3.850	%		06/15/24	$	694
	AT&T		3.875			08/15/21		818
	Bank Of Montreal		2.625			01/25/16		—
	Banque		2.500			10/29/18		1,800
	Barclays Bank		0.980			12/21/22		65
	Block Financial		5.500			11/01/22		5
	Burlington Nortghern Santa Fe		3.850			09/01/23		3,661
	Caterplr Financial Services		1.000			03/03/17		7
	Citigroup		4.050			07/30/22		4,360
	Citigroup		8.500			05/22/19		1,551
	Commonwealth Bank Of Austra		0.731			09/20/16		550
	Danske Bank		3.875			04/14/16		234
	Ebay		2.200			08/01/19		3,648
	France Telecom		4.125			09/14/21		2,461
	Freeport-Mcmoran Copper & Gold		3.100			03/15/20		2,094
	GE Capital		5.000			11/15/15		15
	GE Capital		4.250			09/15/22		15
	GE Capital		6.750			05/15/18		50
	General Electric		1.375			08/01/17		15
	ICIC Bank		5.750			11/16/20		7
	Imperial		3.500			02/11/23		1,533
	ING		5.500			07/15/22		1,728
	Jefferies Group		6.875			04/15/21		1,847
	Lorillard Tobacco Co.		6.875			05/01/20		50
	Lyondellbasell Industries		6.000			01/15/21		88
	Macquarie Bank Limited		2.600			06/24/19		274
	Morgan Stanley		4.100			05/22/23		415
	Morgan Stanley		2.000			10/15/19		15
	Morgan Stanley		3.500			09/30/17		3
	Morgan Stanley		3.500			09/30/17		3
	National Australia Bank		2.250			07/01/19		2,300

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 13

SCHEDULE OF INVESTMENTS (Unaudited)

Prime Obligation Fund (Concluded)

July 31, 2014

Counterparty	Corporate Obligation	Rate			Maturity Date		Par Amount ($ Thousands)
	Oneok Partners		5.000	%		09/15/23	$	30
	Oracle		2.800			07/08/21		219
	Providence Of Nova Scotia		8.875			07/01/19		329
	Schlumberger Investment		3.300			09/14/21		90
	The Gap		5.950			04/12/21		4,256
	Toyota Motor Credit		0.380			03/10/15		237
	Toyota Motor Credit		2.050			01/12/17		27
	United Tech		3.100			06/01/22		382
	US BankCorp		2.200			04/25/19		2,273
	Volkswagen International Finance		0.555			11/18/15		3,061
	Willis Group Holdings		5.750			03/15/21		414
TD Securities	Bank of Nova Scotia		1.950			01/30/18		226
	Bank of Nova Scotia		1.750			03/22/17		2,611
	Bank of Nova Scotia		1.650			10/29/15		2,423
	Canadian Imperial		2.600			07/02/15		1,588
	Commonwealth Bank Of Austra		2.000			06/18/19		135
	Danaher		5.400			03/01/19		351
	HSBC Bank		3.100			05/24/16		3,016
	Manulife Financial		4.900			09/17/20		263
	National Australia Bank		2.000			06/20/17		791
	National Australia Bank		2.000			06/20/17		2,726
	National Bank of Canada		2.200			10/19/14		924
	Oracle		3.400			07/08/24		686
	Royal Bank		2.000			10/01/19		2,085
	Royal Bank		1.200			09/19/17		377
	Royal Bank		3.125			04/14/15		3,338
	Time Warner		2.100			06/01/19		1,748
	WestPac Banking		1.250			12/15/17		702
Wells Fargo	Pricoa		2.200			05/16/19		6,373
	UDR		3.750			07/01/24		7,038

Percentages are based on Net Assets of $4,738,519 ($ Thousands).

(A) Floating Rate Instrument. The rate reflected on the Schedule of Investments is the rate in effect on July 31, 2014. The demand and interest rate reset features give this security a shorter effective maturity date.

(B) Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” These securities have been determined to be liquid under guidelines established by the Board of Trustees.

(C) The rate reported is the effective yield at time of purchase.

(D) Securities are held in connection with a letter of credit issued by major bank.

(E) Tri-party Repurchase Agreement.

FFCB — Federal Farm Credit Bank

FMAC — Financial Management Advisory Committee

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

LLC — Limited Liability Company

LP — Limited Partnership

MTN — Medium Term Note

PLC — Public Limited Company

RB — Revenue Bond

Ser — Series

As of July 31, 2014, all of the Fund’s investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2014, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended July 31, 2014, there were no Level 3 securities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

14 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

SCHEDULE OF INVESTMENTS (Unaudited)

Treasury Fund

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
U.S. TREASURY OBLIGATIONS — 28.0%
U.S. Treasury Bills (A)
0.086%, 08/14/14	$	1,785	$	1,785
U.S. Treasury Notes
0.095%, 08/05/14 (B)		4,065		4,065
0.094%, 08/05/14 (B)		5,295		5,295
0.075%, 08/05/14 (B)		960		960
0.500%, 08/15/14 to 10/15/14		6,925		6,930
2.375%, 08/31/14 to 02/28/15		18,015		18,118
0.250%, 08/31/14 to 02/28/15		28,775		28,790
0.375%, 11/15/14		4,915		4,919
2.125%, 11/30/14		3,530		3,553
2.625%, 12/31/14		2,050		2,071
0.125%, 12/31/14		3,450		3,451
2.250%, 01/31/15		22,010		22,247
11.250%, 02/15/15		1,325		1,405
4.000%, 02/15/15		4,150		4,238
Total U.S. Treasury Obligations (Cost $107,827) ($ Thousands)				107,827
REPURCHASE AGREEMENTS (C) — 71.9%
Bank of Montreal 0.070%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $50,000,097 (collateralized by U.S. Treasury Notes, ranging in par value $1,000 - $12,091,500, 0.250% - 2.750%, 12/15/14 - 05/15/22, with total market value of $51,000,160)		50,000		50,000
Bank of Nova Scotia 0.070% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $35,000,068 (collateralized by U.S. Treasury Notes, par value $34,892,200 2.375%, 02/28/15, with total market value of $35,700,105)		35,000		35,000
Barclays Capital 0.080% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $17,500,039 (collateralized by U.S. Treasury Notes, par value $18,121,900, 0.875%, 01/31/18, with total market value of $17,850,072)		17,500		17,500

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Barclays Capital 0.060% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $35,000,058 (collateralized by U.S. Treasury Notes, par value $34,927,600 0.125%, 01/15/23, with total market value of $35,700,160)	$	35,000	$	35,000
Citibank 0.070% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $35,000,068 (collateralized by U.S. Treasury Notes, ranging in par value $34,000 - $10,800,000, 0.875% - 5.250%, 06/30/15 - 02/15/44, with total market value of $35,700,103)		35,000		35,000
Goldman Sachs 0.030% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $16,472,014 (collateralized by U.S. Treasury Notes, par value $16,858,500 0.250%, 05/15/16, with total market value of $16,801,469)		16,472		16,472
TD Securities 0.080% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $35,000,078 (collateralized by U.S. Treasury Notes, ranging in par value $2,069,600 - $32,996,800, 0.625% - 2.125%, 05/31/15 - 09/30/17, with total market value of $35,700,147)		35,000		35,000
Wells Fargo 0.080% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $17,500,039 (collateralized by U.S. Treasury Notes, par value $17,498,300, 2.125%, 05/31/15, with total market value of $17,850,097)		17,500		17,500
Wells Fargo 0.080% dated 07/31/14, to be repurchased on 08/01/14, repurchase price $35,000,078 (collateralized by U.S. Treasury Notes, ranging in par value $7,504,500 - $27,154,000, 0.500% - 2.375%, 07/31/16 - 07/31/17, with total market value of $35,700,166)		35,000		35,000

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 15

SCHEDULE OF INVESTMENTS (Unaudited)

Treasury Fund (Concluded)

July 31, 2014

Description	Face Amount ($ Thousands)	Value ($ Thousands)
Total Repurchase Agreements (Cost $276,472) ($ Thousands)		$	276,472
Total Investments — 99.9% (Cost $384,299)($ Thousands)		$	384,299

Percentages are based on Net Assets of $384,628 ($ Thousands).

(A) The rate reported is the effective yield at time of purchase.

(B) Floating Rate Instrument. The rate reflected on the Schedule of Investments is the rate in effect on July 31, 2014. The demand and interest rate reset features give this security a shorter effective maturity date.

(C) Tri-Party Repurchase Agreement.

As of July 31, 2014, all of the Fund’s investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2014, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended July 31, 2014, there were no Level 3 securities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

16 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

SCHEDULE OF INVESTMENTS (Unaudited)

Treasury II Fund

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
U.S. TREASURY OBLIGATIONS — 99.5%
U.S. Treasury Bills (A)
0.020%, 08/07/14	$	1,491	$	1,491
0.086%, 08/14/14		23,583		23,583
0.030%, 08/21/14		21,898		21,898
0.027%, 08/28/14		47,970		47,969
U.S. Treasury Notes
0.095%, 08/05/14 (B)		6,614		6,614
0.094%, 08/05/14 (B)		10,205		10,205
0.075%, 08/05/14 (B)		2,000		1,999
4.250%, 08/15/14		79,000		79,129
0.500%, 08/15/14 to 10/15/14		139,560		139,592
2.375%, 08/31/14 to 02/28/15		127,918		128,373
0.250%, 08/31/14 to 02/28/15		124,560		124,592
0.375%, 11/15/14		2,000		2,002
2.125%, 11/30/14		38,180		38,438
2.250%, 01/31/15		25,030		25,300
11.250%, 02/15/15		2,700		2,863
4.000%, 02/15/15		8,465		8,644
Total U.S. Treasury Obligations (Cost $662,692) ($ Thousands)				662,692
Total Investments — 99.5% (Cost $662,692)($ Thousands)			$	662,692

Percentages are based on Net Assets of $666,254 ($ Thousands).

(A) The rate reported is the effective yield at time of purchase.

(B) Floating Rate Instrument. The rate reflected on the Schedule of Investments is the rate in effect on July 31, 2014. The demand and interest rate reset features give this security a shorter effective maturity date.

As of July 31, 2014, all of the Fund’s investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2014, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended July 31, 2014, there were no Level 3 securities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 17

SCHEDULE OF INVESTMENTS (Unaudited)

Ultra Short Duration Bond Fund

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
CORPORATE OBLIGATIONS — 42.4%
Consumer Discretionary — 1.4%
Autozone
1.300%, 01/13/17	$	350	$	350
NBCUniversal Enterprise
0.919%, 08/25/14 (A) (B)		575		581
0.771%, 10/15/14 (A) (B)		445		447
Newell Rubbermaid
2.000%, 06/15/15		450		455
Thomson Reuters
0.875%, 05/23/16		650		649
Time Warner Cable
5.850%, 05/01/17		400		448
TRW Automotive
7.250%, 03/15/17 (B)		270		305
Whirlpool
1.350%, 03/01/17		335		334
				3,569
Consumer Staples — 2.0%
Anheuser-Busch InBev Finance
0.623%, 08/02/14 (A)		350		350
BAT International Finance PLC
1.400%, 06/05/15 (B)		945		952
ConAgra Foods
1.300%, 01/25/16		600		604
CVS Caremark
1.200%, 12/05/16		340		342
Heineken
0.800%, 10/01/15 (B)		375		376
Kroger
0.763%, 10/17/14 (A)		600		601
Mondelez International
0.745%, 08/01/14 (A)		450		449
Philip Morris International
2.500%, 05/16/16		500		516
Reynolds American
1.050%, 10/30/15		260		260
SABMiller Holdings
0.915%, 08/01/14 (A) (B)		650		654
				5,104

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Energy — 2.7%
BP Capital Markets PLC
0.733%, 08/10/14 (A)	$	750	$	753
CNOOC Nexen Finance, Ser 2014
1.625%, 04/30/17		450		448
Devon Energy
0.771%, 09/15/14 (A)		500		502
Enbridge
0.678%, 09/02/14 (A)		540		541
Enterprise Products Operating LLC
1.250%, 08/13/15		45		45
Hess
1.300%, 06/15/17		300		299
Petrobras Global Finance
1.849%, 08/20/14 (A)		1,240		1,243
Petrobras Global Finance BV
2.592%, 09/17/14 (A)		800		809
Schlumberger Norge
1.250%, 08/01/17 (B)		145		144
Shell International Finance BV
0.434%, 08/15/14 (A)		850		852
Statoil
0.685%, 08/08/14 (A)		550		553
Total Capital Canada
0.614%, 10/17/14 (A)		180		181
Total Capital International
0.793%, 08/12/14 (A)		400		404
TransCanada PipeLines
0.750%, 01/15/16		350		350
				7,124
Financials — 27.2%
Abbey National Treasury Services PLC
0.740%, 09/13/14 (A)		1,610		1,612
ABN AMRO Bank
1.028%, 09/08/14 (A) (B)		400		404
0.640%, 09/08/14 (A) (B)		800		799
American Express Centurion Bank
0.674%, 08/13/14 (A)		785		788
American Express Credit
0.781%, 09/18/14 (A)		300		302
American Express Credit MTN
1.125%, 06/05/17		600		597
American Honda Finance
0.602%, 08/26/14 (A) (B)		815		818
American Honda Finance MTN
1.000%, 08/11/15 (B)		400		403
Australia & New Zealand Banking Group
0.784%, 08/15/14 (A)		375		377
0.614%, 10/10/14 (A) (B)		300		301
Banco Santander Chile
1.134%, 10/15/14 (A) (B)		500		500

18 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Bank Nederlandse Gemeenten
0.625%, 07/18/16 (B)	$	1,300	$	1,299
Bank of America
1.500%, 10/09/15		810		817
1.274%, 10/15/14 (A)		750		761
Bank of America MTN
1.050%, 10/15/14 (A)		200		202
Bank of Montreal MTN
0.834%, 10/09/14 (A)		500		505
Bank of New York Mellon MTN
0.670%, 10/15/14 (A)		350		351
0.457%, 09/06/14 (A)		100		100
Bank of Nova Scotia
1.300%, 07/21/17		400		399
0.754%, 10/15/14 (A)		670		674
0.671%, 09/11/14 (A)		400		401
Bank of Tokyo-Mitsubishi
0.677%, 08/26/14 (A) (B)		440		441
Bank of Tokyo-Mitsubishi UFJ
0.841%, 08/19/14 (A) (B)		200		201
Barclays Bank PLC
0.806%, 08/19/14 (A)		600		602
Barclays Bank PLC MTN
6.050%, 12/04/17 (B)		500		563
BB&T MTN
1.091%, 09/15/14 (A)		380		387
0.885%, 08/01/14 (A)		350		353
BNP Paribas MTN
0.820%, 09/12/14 (A)		550		552
BPCE MTN
1.073%, 08/10/14 (A)		700		707
Branch Banking & Trust
0.657%, 09/01/14 (A)		760		761
Capital One Bank USA
1.300%, 06/05/17		500		499
1.200%, 02/13/17		500		500
Capital One Financial
1.000%, 11/06/15		810		812
Citigroup
1.250%, 01/15/16		1,085		1,091
1.003%, 10/08/14 (A)		700		701
Cooperatieve Centrale Raiffeisen- Boerenleenbank BA
0.711%, 08/01/14 (A)		550		553
Credit Agricole
1.082%, 10/03/14 (A) (B)		1,150		1,160
Credit Suisse MTN
1.375%, 05/26/17		380		379
Credit Suisse USA
5.375%, 03/02/16		450		482
Daimler Finance North America LLC
1.375%, 08/01/17 (B)		535		534
1.250%, 01/11/16 (B)		610		615
1.085%, 08/01/14 (A) (B)		400		404
0.905%, 08/01/14 (A) (B)		910		918

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Deutsche Bank
1.350%, 05/30/17	$	650	$	648
ERAC USA Finance LLC
1.400%, 04/15/16 (B)		240		241
European Investment Bank
1.750%, 03/15/17		1,350		1,375
Export-Import Bank of Korea
0.984%, 10/14/14 (A)		450		453
Fifth Third Bank
1.350%, 06/01/17		750		749
0.637%, 08/26/14 (A)		790		792
Ford Motor Credit LLC
1.724%, 12/06/17		350		349
1.474%, 08/09/14 (A)		220		223
1.060%, 09/12/14 (A)		300		301
General Electric Capital
0.941%, 08/01/14 (A)		250		253
General Electric Capital MTN
1.250%, 05/15/17		750		751
Goldman Sachs Group
3.625%, 02/07/16		505		525
1.425%, 10/30/14 (A)		500		510
0.680%, 09/22/14 (A)		750		750
Goldman Sachs Group MTN
1.324%, 08/15/14 (A)		400		405
0.852%, 09/04/14 (A)		705		706
HSBC Bank PLC
0.864%, 08/15/14 (A) (B)		500		505
HSBC USA
2.375%, 02/13/15		330		334
1.300%, 06/23/17		1,190		1,189
Hyundai Capital America
1.875%, 08/09/16 (B)		165		167
1.625%, 10/02/15 (B)		685		690
ING Bank
1.873%, 10/18/14 (A) (B)		1,125		1,142
ING US
2.900%, 02/15/18		350		361
International Lease Finance
6.500%, 09/01/14 (B)		500		501
Intesa Sanpaolo
3.125%, 01/15/16		350		359
JPMorgan Chase
1.134%, 10/25/14 (A)		500		508
0.858%, 10/28/14 (A)		500		503
JPMorgan Chase MTN
0.847%, 08/01/14 (A)		1,090		1,096
KeyBank
0.717%, 08/25/14 (A)		700		703
KFW
2.000%, 06/01/16		950		974
Korea Development Bank
0.857%, 10/22/14 (A)		955		956
Macquarie Group
1.225%, 10/30/14 (A) (B)		350		350

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 19

SCHEDULE OF INVESTMENTS (Unaudited)

Ultra Short Duration Bond Fund (Continued)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Manufacturers & Traders Trust
1.400%, 07/25/17	$	450	$	449
0.531%, 09/07/14 (A)		660		659
Metropolitan Life Global Funding I
1.500%, 01/10/18 (B)		220		218
0.614%, 10/10/14 (A) (B)		1,610		1,613
Morgan Stanley
1.477%, 08/25/14 (A)		1,120		1,136
1.083%, 10/24/14 (A)		400		404
Morgan Stanley MTN
5.950%, 12/28/17		140		159
National Rural Utilities Cooperative Finance MTN
0.527%, 08/23/14 (A)		600		603
New York Life Global Funding
0.583%, 10/23/14 (A) (B)		550		552
Nissan Motor Acceptance
4.500%, 01/30/15 (B)		320		326
0.934%, 09/26/14 (A) (B)		800		805
0.777%, 09/04/14 (A) (B)		245		246
Nordea Bank
1.250%, 04/04/17 (B)		600		598
PNC Bank
0.547%, 10/29/14 (A)		700		700
Pricoa Global Funding I MTN
0.375%, 08/16/14 (A) (B)		325		325
Principal Life Global Funding II
1.200%, 05/19/17 (B)		370		368
1.000%, 12/11/15 (B)		530		533
Principal Life Global Funding II MTN
1.125%, 02/24/17 (B)		300		299
Province of British Columbia
1.200%, 04/25/17		1,900		1,908
Province of Ontario Canada
1.600%, 09/21/16		1,400		1,424
Prudential Financial MTN
5.100%, 09/20/14		231		232
1.004%, 10/01/14 (A)		500		503
Rabobank MTN
2.125%, 10/13/15		880		897
Royal Bank of Canada MTN
1.200%, 01/23/17		400		401
0.850%, 03/08/16		990		992
0.563%, 10/23/14 (A)		450		451
Royal Bank of Scotland Group PLC
1.875%, 03/31/17		300		301
Societe Generale
1.315%, 08/14/14 (A)		450		451
Sumitomo Mitsui Banking
1.350%, 07/18/15		250		252
0.664%, 10/10/14 (A)		500		501
SunTrust Bank
0.664%, 08/15/14 (A)		300		300

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Svenska Handelsbanken
0.700%, 09/25/14 (A)	$	700	$	704
Toronto-Dominion Bank MTN
0.463%, 08/02/14 (A)		400		400
Toyota Motor Credit MTN
1.125%, 05/16/17		500		499
Travelers
6.250%, 06/20/16		467		514
UBS MTN
5.875%, 07/15/16		370		403
5.875%, 12/20/17		175		199
Union Bank
0.984%, 09/26/14 (A)		250		253
Ventas Realty†
1.550%, 09/26/16		550		555
1.250%, 04/17/17		140		140
Volkswagen Group of America Finance LLC
1.250%, 05/23/17 (B)		500		499
Volkswagen International Finance
1.125%, 11/18/16 (B)		260		260
0.666%, 09/09/14 (A) (B)		550		552
Wells Fargo MTN
1.150%, 06/02/17		650		647
0.764%, 10/20/14 (A)		990		996
Westpac Banking
1.200%, 05/19/17		275		274
0.843%, 10/17/14 (A)		325		327
				70,822
Health Care — 2.2%
Actavis Funding SCS
1.300%, 06/15/17 (B)		450		448
Amgen
2.125%, 05/15/17		500		510
0.608%, 08/22/14 (A)		1,150		1,152
Express Scripts Holding
1.250%, 06/02/17		600		597
GlaxoSmithKline Capital
0.700%, 03/18/16		844		846
McKesson
1.292%, 03/10/17		410		409
0.950%, 12/04/15		235		236
Mylan
1.350%, 11/29/16		400		400
Providence Health & Services Obligated Group
1.035%, 10/01/14 (A)		700		697
Thermo Fisher Scientific
1.300%, 02/01/17		165		165
WellPoint
1.250%, 09/10/15		210		211
				5,671

20 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Industrials — 2.1%
Air Lease
4.500%, 01/15/16	$	300	$	311
Canadian National Railway
0.423%, 08/06/14 (A)		1,000		1,000
GATX
1.250%, 03/04/17		215		214
General Electric
0.850%, 10/09/15		1,295		1,301
Norfolk Southern
5.750%, 01/15/16		980		1,048
PACCAR Financial MTN
1.100%, 06/06/17		325		324
Pentair Finance
1.350%, 12/01/15		285		287
Precision Castparts
0.700%, 12/20/15		145		145
Rockwell Collins
0.581%, 09/15/14 (A)		690		692
				5,322
Information Technology — 0.7%
Fidelity National Information Services
1.450%, 06/05/17		170		169
Hewlett-Packard
3.000%, 09/15/16		450		468
1.174%, 10/14/14 (A)		500		504
TSMC Global
0.950%, 04/03/16 (B)		325		325
Western Union
2.375%, 12/10/15		85		86
1.227%, 08/01/14 (A)		275		277
				1,829
Materials — 1.6%
Glencore Funding LLC
1.387%, 08/27/14 (A) (B)		700		704
Monsanto
1.150%, 06/30/17		500		498
0.423%, 08/07/14 (A)		710		711
Rio Tinto Finance USA PLC
1.072%, 09/17/14 (A)		955		963
Xstrata Finance Canada
2.050%, 10/23/15 (B)		900		910
Yara International
5.250%, 12/15/14 (B)		350		356
				4,142
Telecommunications — 1.4%
AT&T
0.608%, 08/12/14 (A)		1,350		1,354
British Telecommunications PLC
1.250%, 02/14/17		270		270

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Verizon Communications
1.981%, 09/14/14 (A)	$	470	$	494
1.761%, 09/17/14 (A)		410		421
1.350%, 06/09/17		600		599
0.631%, 09/09/14 (A)		560		561
				3,699
Utilities — 1.1%
Dominion Gas Holdings LLC
1.050%, 11/01/16 (B)		550		549
Duke Energy
0.612%, 10/03/14 (A)		1,190		1,194
Duke Energy Progress
0.430%, 09/06/14 (A)		180		180
Georgia Power
0.625%, 11/15/15		700		700
NextEra Energy Capital Holdings
1.339%, 09/01/15		300		302
				2,925
Total Corporate Obligations (Cost $109,773) ($ Thousands)				110,207
ASSET-BACKED SECURITIES — 29.7%
Automotive — 17.1%
Ally Auto Receivables Trust, Ser 2012- SN1, Cl A3
0.570%, 08/20/15		182		182
Ally Auto Receivables Trust, Ser 2013- SN1, Cl A3
0.720%, 05/20/16		480		480
Ally Auto Receivables Trust, Ser 2014- SN1, Cl A3
0.750%, 02/21/17		245		245
Ally Master Owner Trust, Ser 2012-3, Cl A2
1.210%, 06/15/17		480		483
Ally Master Owner Trust, Ser 2013-1, Cl A1
0.602%, 08/15/14 (A)		310		310
Ally Master Owner Trust, Ser 2013-1, Cl A2
1.000%, 02/15/18		825		826
Ally Master Owner Trust, Ser 2013-2, Cl A
0.602%, 08/15/14 (A)		750		751
Ally Master Owner Trust, Ser 2014-1, Cl A1
0.622%, 08/15/14 (A)		350		352
Ally Master Owner Trust, Ser 2014-2, Cl A1
0.552%, 08/15/14 (A)		1,350		1,350
Ally Master Owner Trust, Ser 2014-4, Cl A2
1.430%, 06/17/19		635		635

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 21

SCHEDULE OF INVESTMENTS (Unaudited)

Ultra Short Duration Bond Fund (Continued)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
American Credit Acceptance Receivables Trust, Ser 2012-3, Cl A
1.640%, 11/15/16 (B)	$	127	$	127
American Credit Acceptance Receivables Trust, Ser 2013-1, Cl A
1.450%, 04/16/18 (B)		186		186
American Credit Acceptance Receivables Trust, Ser 2013-2, Cl A
1.320%, 02/15/17 (B)		170		170
American Credit Acceptance Receivables Trust, Ser 2014-1, Cl A
1.140%, 03/12/18 (B)		157		157
AmeriCredit Automobile Receivables Trust, Ser 2010-A, Cl A3
3.510%, 07/06/17		45		45
AmeriCredit Automobile Receivables Trust, Ser 2012-2, Cl A3
1.050%, 10/11/16		578		579
AmeriCredit Automobile Receivables Trust, Ser 2012-5, Cl A3
0.620%, 06/08/17		575		575
AmeriCredit Automobile Receivables Trust, Ser 2013-2, Cl A3
0.650%, 12/08/17		490		490
AmeriCredit Automobile Receivables Trust, Ser 2013-4, Cl A2
0.740%, 11/08/16		561		562
AmeriCredit Automobile Receivables Trust, Ser 2013-5, Cl A2B
0.533%, 08/25/14 (A)		155		155
ARI Fleet Lease Trust, Ser 2012-A, Cl A
0.702%, 08/15/14 (A) (B)		40		40
ARI Fleet Lease Trust, Ser 2012-B, Cl A
0.452%, 08/15/14 (A) (B)		758		758
ARI Fleet Lease Trust, Ser 2013-A, Cl A2
0.700%, 12/15/15 (B)		216		216
ARI Fleet Lease Trust, Ser 2013-A, Cl A3
0.920%, 07/15/21 (B)		100		100
ARI Fleet Lease Trust, Ser 2014-A, Cl A2
0.810%, 11/15/22 (B)		170		170
California Republic Auto Receivables Trust, Ser 2013-1, Cl A2
1.410%, 09/17/18 (B)		876		883

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Capital Auto Receivables Asset Trust, Ser 2013-4, Cl A1
0.533%, 08/20/14 (A)	$	295	$	295
Capital Auto Receivables Asset Trust, Ser 2014-1, Cl A1A
0.680%, 05/20/16		325		325
Capital Auto Receivables Asset Trust, Ser 2014-1, Cl A3
1.320%, 06/20/18		190		191
CarMax Auto Owner Trust, Ser 2011-2, Cl A4
1.350%, 02/15/17		332		334
CarMax Auto Owner Trust, Ser 2012-1, Cl A3
0.890%, 09/15/16		122		122
CarMax Auto Owner Trust, Ser 2012-3, Cl C
1.500%, 08/15/18		120		121
CFC LLC, Ser 2013-1A, Cl A
1.650%, 07/17/17 (B)		39		39
Chesapeake Funding LLC, Ser 2011-2A, Cl A
1.406%, 08/07/14 (A) (B)		384		387
Chesapeake Funding LLC, Ser 2012-1A, Cl A
0.906%, 08/07/14 (A) (B)		728		730
Chesapeake Funding LLC, Ser 2014-1A, Cl A
0.576%, 08/07/14 (A) (B)		685		685
Chrysler Capital Auto Receivables Trust, Ser 2013-AA, Cl A2
0.610%, 11/15/16 (B)		241		241
CNH Wholesale Master Note Trust, Ser 2013-2A, Cl A
0.752%, 08/15/14 (A) (B)		425		426
CPS Auto Receivables Trust, Ser 2013- D, Cl A
1.540%, 07/16/18 (B)		998		1,002
CPS Auto Receivables Trust, Ser 2014- A, Cl A
1.210%, 08/15/18 (B)		213		213
Credit Acceptance Auto Loan Trust, Ser 2013-1A, Cl A
1.210%, 10/15/20 (B)		290		290
Credit Acceptance Auto Loan Trust, Ser 2013-2A, Cl A
1.500%, 04/15/21 (B)		365		367
Credit Acceptance Auto Loan Trust, Ser 2014-1A, Cl A
1.550%, 10/15/21 (B)		415		415
DT Auto Owner Trust, Ser 2014-1A, Cl A
0.660%, 07/17/17 (B)		158		158
DT Auto Owner Trust, Ser 2014-2A, Cl A
0.830%, 08/15/17 (B)		625		625

22 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Enterprise Fleet Financing LLC, Ser 2012-1, Cl A2
1.140%, 11/20/17 (B)	$	213	$	213
Enterprise Fleet Financing LLC, Ser 2013-1, Cl A2
0.680%, 09/20/18 (B)		516		516
Enterprise Fleet Financing LLC, Ser 2013-2, Cl A2
1.060%, 03/20/19 (B)		397		398
First Investors Auto Owner Trust, Ser 2012-2A, Cl A2
1.470%, 05/15/18 (B)		210		211
First Investors Auto Owner Trust, Ser 2013-1A, Cl A2
0.900%, 10/15/18 (B)		139		139
First Investors Auto Owner Trust, Ser 2013-2A, Cl A2
1.230%, 03/15/19 (B)		1,321		1,326
First Investors Auto Owner Trust, Ser 2013-3A, Cl A2
0.890%, 09/15/17 (B)		175		175
First Investors Auto Owner Trust, Ser 2014-1A, Cl A2
0.800%, 02/15/18 (B)		325		325
Ford Credit Auto Lease Trust, Ser 2012-B, Cl A3
0.570%, 09/15/15		198		198
Ford Credit Auto Lease Trust, Ser 2014-B, Cl A4
1.100%, 11/15/17		615		614
Ford Credit Auto Owner Trust, Ser 2011-A, Cl D
3.210%, 07/15/17		600		613
Ford Credit Auto Owner Trust, Ser 2012-A, Cl B
1.880%, 08/15/17		475		483
Ford Credit Auto Owner Trust, Ser 2012-B, Cl D
2.930%, 10/15/18		600		620
Ford Credit Floorplan Master Owner Trust, Ser 2013-1, Cl A2
0.532%, 08/15/14 (A)		1,695		1,698
Ford Credit Floorplan Master Owner Trust, Ser 2013-5, Cl A2
0.622%, 08/09/14 (A)		310		311
Ford Credit Floorplan Master Owner Trust, Ser 2014-1, Cl B
1.400%, 02/15/19		80		80
GE Dealer Floorplan Master Note Trust, Ser 2012-1, Cl A
0.726%, 08/20/14 (A)		768		770
GE Dealer Floorplan Master Note Trust, Ser 2012-3, Cl A
0.646%, 08/31/14 (A)		480		481

Description	Face Amount ($ Thousands)		Value ($ Thousands)
GE Dealer Floorplan Master Note Trust, Ser 2012-4, Cl A
0.596%, 08/20/14 (A)	$	1,405	$	1,408
GM Financial Leasing Trust, Ser 2014-1A, Cl A3
1.010%, 05/22/17 (B)		1,140		1,139
Harley-Davidson Motorcycle Trust, Ser 2011-1, Cl A3
0.960%, 05/16/16		—		—
Harley-Davidson Motorcycle Trust, Ser 2012-1, Cl A3
0.680%, 04/15/17		193		193
Hertz Fleet Lease Funding, Ser 2013-3, Cl B
1.204%, 08/10/14 (A) (B)		765		767
Hyundai Auto Lease Securitization Trust, Ser 2013-B, Cl A2
0.750%, 03/15/16 (B)		422		423
M&T Bank Auto Receivables Trust, Ser 2013-1A, Cl A3
1.060%, 11/15/17 (B)		1,075		1,081
Mercedes-Benz Auto Lease Trust, Ser 2013-B, Cl A3
0.620%, 07/15/16		150		150
Mercedes-Benz Master Owner Trust, Ser 2012-AA, Cl A
0.790%, 11/15/17 (B)		360		360
Mercedes-Benz Master Owner Trust, Ser 2012-BA, Cl A
0.422%, 08/15/14 (A) (B)		820		820
Motor PLC, Ser 2013-1A, Cl A1
0.655%, 08/15/14 (A) (B)		189		189
Nissan Master Owner Trust Receivables, Ser 2012-A, Cl A
0.622%, 08/15/14 (A)		1,240		1,243
Nissan Master Owner Trust Receivables, Ser 2013-A, Cl A
0.452%, 08/15/14 (A)		245		245
Porsche Innovative Lease Owner Trust, Ser 2013-1, Cl A4
0.880%, 10/22/19 (B)		310		311
Prestige Auto Receivables Trust, Ser 2013-1A, Cl A2
1.090%, 02/15/18 (B)		597		598
Prestige Auto Receivables Trust, Ser 2013-1A, Cl A3
1.330%, 05/15/19 (B)		250		250
Prestige Auto Receivables Trust, Ser 2014-1A, Cl A2
0.970%, 03/15/18 (B)		1,015		1,014
Santander Drive Auto Receivables Trust, Ser 2010-2, Cl C
3.890%, 07/17/17		248		249

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 23

SCHEDULE OF INVESTMENTS (Unaudited)

Ultra Short Duration Bond Fund (Continued)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Santander Drive Auto Receivables Trust, Ser 2012-3, Cl D
3.640%, 05/15/18	$	430	$	447
Santander Drive Auto Receivables Trust, Ser 2012-4, Cl B
1.830%, 03/15/17		650		654
Santander Drive Auto Receivables Trust, Ser 2013-2, Cl A2A
0.660%, 06/15/17		115		115
Santander Drive Auto Receivables Trust, Ser 2013-2, Cl B
1.330%, 03/15/18		485		488
Santander Drive Auto Receivables Trust, Ser 2013-5, Cl A2B
0.532%, 08/16/14 (A)		178		178
SMART Trust, Ser 2014-1US, Cl A2B
0.452%, 08/14/14 (A)		855		855
SNAAC Auto Receivables Trust, Ser 2013-1A, Cl A
1.140%, 07/16/18 (B)		84		84
SNAAC Auto Receivables Trust, Ser 2014-1A, Cl A
1.030%, 09/17/18 (B)		428		427
Volkswagen Auto Lease Trust, Ser 2014-A, Cl A4
0.990%, 07/20/18		700		701
Volkswagen Auto Lease Trust, Ser 2014-A, Cl A2A
0.520%, 10/20/16		555		555
Volvo Financial Equipment LLC, Ser 2013-1A, Cl A3
0.740%, 09/09/14 (B)		350		350
Volvo Financial Equipment LLC, Ser 2014-1A, Cl A3
0.820%, 04/16/18 (B)		240		239
Westlake Automobile Receivables Trust, Ser 2013-1A, Cl A2
1.120%, 01/15/18 (B)		607		608
Westlake Automobile Receivables Trust, Ser 2014-1A, Cl A2
0.700%, 05/15/17 (B)		345		345
World Omni Automobile Lease Securitization Trust, Ser 2012-A, Cl A3
0.930%, 11/16/15		525		525
World Omni Master Owner Trust, Ser 2013-1, Cl A
0.502%, 08/15/14 (A) (B)		555		556
				44,531
Credit Card — 4.4%
American Express Credit Account Master Trust, Ser 2012-2, Cl A
0.680%, 03/15/18		675		676

Description	Face Amount ($ Thousands)		Value ($ Thousands)
American Express Credit Account Master Trust, Ser 2013-3, Cl A
0.980%, 05/15/19	$	185	$	185
BA Credit Card Trust, Ser 2014-A1, Cl A
0.532%, 08/13/14 (A)		650		651
Barclays Dryrock Issuance Trust, Ser 2014-1, Cl A
0.512%, 08/15/14 (A)		320		321
Cabela’s Master Credit Card Trust, Ser 2013-2A A2, Cl A2
0.802%, 08/15/14 (A) (B)		210		212
Cabela’s Master Credit Card Trust, Ser 2014-1, Cl A
0.502%, 08/15/14 (A)		165		165
Capital One Multi-Asset Execution Trust, Ser 2013-A3, Cl A3
0.960%, 09/16/19		360		359
Chase Issuance Trust, Ser 2007-B1, Cl B1
0.402%, 08/15/14 (A)		450		448
Chase Issuance Trust, Ser 2012-A5, Cl A5
0.590%, 08/15/17		1,240		1,241
Chase Issuance Trust, Ser 2014-A3, Cl A3
0.352%, 08/02/14 (A)		1,195		1,196
Chase Issuance Trust, Ser 2014-A6, Cl A
1.260%, 07/15/19		400		400
Citibank Credit Card Issuance Trust, Ser 2013-A3, Cl A3
0.910%, 07/23/18		500		503
Citibank Credit Card Issuance Trust, Ser 2014-A2, Cl A2
1.020%, 02/22/19		415		413
Citibank Credit Card Issuance Trust, Ser 2014-A4, Cl A4
1.230%, 04/24/19		650		649
Citibank Omni Master Trust, Ser 2009-A17, Cl A17
4.900%, 11/15/18 (B)		1,000		1,013
Discover Card Execution Note Trust, Ser 2014-A3, Cl A3
1.220%, 10/15/19		260		260
Dryrock Issuance Trust, Ser 2012-1, Cl A
0.302%, 08/15/14 (A)		305		305
Dryrock Issuance Trust, Ser 2012-2, Cl A
0.640%, 08/15/18		480		480
GE Capital Credit Card Master Note Trust, Ser 2009-4, Cl A
3.800%, 11/15/17		325		328

24 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
GE Capital Credit Card Master Note Trust, Ser 2012-5, Cl A
0.950%, 06/15/18	$	590	$	592
Golden Credit Card Trust, Ser 2012-5A, Cl A
0.790%, 09/15/17 (B)		575		576
Master Credit Card Trust, Ser 2012-2A, Cl A
0.780%, 04/21/17 (B)		360		360
				11,333
Miscellaneous Business Services — 6.8%
Apidos CDO, Ser 2013-12A, Cl A
1.334%, 08/02/14 (A) (B)		600		594
Atrium CDO, Ser 2013-10A, Cl A
1.353%, 10/16/14 (A) (B)		605		599
Avalon IV Capital, Ser 2014-1AR, Cl AR
1.396%, 10/17/14 (A) (B)		335		335
Babson CLO, Ser 2013-IA, Cl A
1.328%, 10/21/14 (A)(B)		650		642
Bear Stearns Asset-Backed-Securities Trust, Ser 2005-SD2, Cl 2A1
0.815%, 08/25/14 (A)		308		309
Cent CLO 16, Ser 2014-20A, Cl A
1.724%, 01/25/26 (A) (B)		600		599
CIFC Funding, Ser 2013-1A, Cl A1
1.379%, 10/16/14 (A) (B)		485		479
City of New York, Ser 2013-A, Cl A
1.190%, 11/10/26 (B)		86		86
CNH Equipment Trust, Ser 2012-D, Cl A3
0.650%, 04/16/18		915		916
Dell Equipment Finance Trust, Ser 2014-1, Cl A3
0.940%, 06/22/20 (B)		500		500
Dryden XXXI Senior Loan Fund, Ser 2014-31A, Cl A
1.620%, 10/18/14 (A) (B)		250		249
GE Equipment Midticket LLC, Ser 2012-1, Cl A3
0.600%, 05/23/16		196		196
GE Equipment Midticket LLC, Ser 2013-1, Cl A2
0.640%, 03/22/16		165		165
GE Equipment Small Ticket LLC, Ser 2012-1A, Cl A3
1.040%, 09/21/15 (B)		267		268
GE Equipment Small Ticket LLC, Ser 2014-1A, Cl A3
0.950%, 09/25/17 (B)		400		400
GE Equipment Transportation LLC, Ser 2012-1, Cl A3
0.990%, 11/23/15		23		23

Description	Face Amount ($ Thousands)		Value ($ Thousands)
GE Equipment Transportation LLC, Ser 2012-2, Cl A3
0.620%, 07/25/16	$	316	$	316
HLSS Servicer Advance Receivables Backed Notes, Ser 2012-T2, Cl A2
1.990%, 10/15/45 (B)		625		630
HLSS Servicer Advance Receivables Backed Notes, Ser 2013-T1, Cl B2
1.744%, 01/16/46 (B)		405		404
HLSS Servicer Advance Receivables Backed Notes, Ser 2014-T1, Cl AT1
1.244%, 01/17/45 (B)		569		570
ING IM CLO, Ser 2014-1A, Cl A1
1.769%, 10/18/14 (A) (B)		290		290
Katonah CLO, Ser 2005-7A, Cl B
0.644%, 08/15/14 (A) (B)		504		504
Kubota Credit Owner Trust, Ser 2014-1A, Cl A2
0.580%, 02/15/17 (B)		190		190
Limerock CLO II, Ser 2014-2A, Cl A
1.735%, 08/18/14 (A) (B)		500		500
Macquarie Equipment Funding Trust, Ser 2012-A, Cl A2
0.610%, 04/20/15 (B)		98		98
Madison Park Funding CLO, Ser 2007-4A, Cl A1B
0.530%, 09/24/14 (A) (B)		420		411
MMAF Equipment Finance LLC, Ser 2013-AA, Cl A2
0.690%, 05/09/16 (B)		477		477
MMAF Equipment Finance LLC, Ser 2014-AA, Cl A3
0.870%, 01/08/19 (B)		560		558
Navient Student Loan Trust, Ser 2014-1, Cl A1
0.438%, 08/25/14 (A)		1,757		1,757
Nelnet Education Loan Funding, Ser 2004-2A, Cl A4
0.367%, 08/25/14 (A)		61		61
Neuberger Berman CLO XVI, Ser 2014-16A, Cl A1
1.704%, 09/11/14 (A) (B)		405		404
NYCTL Trust, Ser 2014-A, Cl A
1.030%, 11/10/27 (B)		230		230
Oak Hill Credit Partners, Ser 2013-8A, Cl A
1.348%, 10/21/14 (A) (B)		360		356
Octagon Investment Partners XVI, Ser 2013-1A, Cl A
1.346%, 10/17/14 (A) (B)		550		543
OHA Intrepid Leveraged Loan Fund, Ser 2013-1AR, Cl AR
1.148%, 08/22/14 (A) (B)		382		381

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 25

SCHEDULE OF INVESTMENTS (Unaudited)

Ultra Short Duration Bond Fund (Continued)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
SLM Student Loan Trust, Ser 2006-10, Cl A4
0.299%, 10/25/14 (A)	$	176	$	176
SLM Student Loan Trust, Ser 2007-2, Cl A2
0.229%, 10/25/14 (A)		157		157
SLM Student Loan Trust, Ser 2007-7, Cl A2
0.429%, 10/25/14 (A)		107		107
SLM Student Loan Trust, Ser 2011-A, Cl A1
1.152%, 08/15/14 (A) (B)		100		100
SLM Student Loan Trust, Ser 2011-B, Cl A1
1.002%, 08/15/14 (A) (B)		317		319
SLM Student Loan Trust, Ser 2012-5, Cl A1
0.352%, 08/25/14 (A)		115		114
SLM Student Loan Trust, Ser 2012-7, Cl A1
0.312%, 08/26/14 (A)		314		313
SLM Student Loan Trust, Ser 2013-1, Cl A1
0.302%, 08/25/14 (A)		150		150
Springleaf Funding Trust, Ser 2014-AA, Cl A
2.410%, 12/15/22 (B)		445		444
Structured Asset Securities Mortgage Loan Trust, Ser 2006-GEL3, Cl A2
0.385%, 08/25/14 (A) (B)		731		726
Structured Asset Securities Mortgage Loan Trust, Ser 2006-WF1, Cl A1
0.305%, 08/25/14 (A)		186		183
				17,829
Mortgage Related — 1.4%
Accredited Mortgage Loan Trust, Ser 2004-4, Cl A1A
0.490%, 08/27/14 (A)		266		261
ACE Securities Home Equity Loan Trust, Ser 2005-SD3, Cl A
0.555%, 08/15/14 (A)		7		7
Ameriquest Mortgage Securities Asset-Backed Pass-Through, Ser 2005-R3, Cl A1B
0.412%, 08/25/14 (A)		246		245
Bear Stearns Asset-Backed-Securities I Trust, Ser 2005-HE3, Cl M2
1.170%, 08/25/14 (A)		447		444
Citigroup Mortgage Loan Trust, Ser 2006-HE1, Cl A4
0.422%, 08/25/14 (A)		8		8
HSBC Home Equity Loan Trust, Ser 2006-1, Cl A1
0.316%, 08/20/14 (A)		1,197		1,191

Description	Face Amount ($ Thousands)		Value ($ Thousands)
HSBC Home Equity Loan Trust, Ser 2006-2, Cl A1
0.306%, 08/20/14 (A)	$	238	$	236
HSBC Home Equity Loan Trust, Ser 2006-3, Cl A4
0.396%, 08/20/14 (A)		510		506
JPMorgan Mortgage Acquisition, Ser 2005-FLD1, Cl M2
0.890%, 08/25/14 (A)		322		319
Option One Mortgage Loan Trust Asset-Backed Certificates, Ser 2005-4, Cl A3
0.415%, 08/25/14 (A)		78		77
Option One Mortgage Loan Trust, Ser 2005-1, Cl A1A
0.655%, 08/25/14 (A)		268		264
				3,558
Total Asset-Backed Securities (Cost $77,235) ($ Thousands)				77,251
MORTGAGE-BACKED SECURITIES — 20.1%
Agency Mortgage-Backed Obligations — 6.1%
FHLMC
4.500%, 09/01/26		96		102
4.000%, 05/01/19 to 04/01/20		676		716
2.203%, 08/01/14 (A)		151		158
2.166%, 08/01/14 (A)		117		123
FHLMC REMIC, Ser 2004-2764, Cl OE
4.500%, 03/15/19		99		105
FHLMC REMIC, Ser 2004-2778, Cl JD
5.000%, 12/15/32		12		12
FHLMC REMIC, Ser 2005-2931, Cl AM
4.500%, 07/15/19		20		20
FHLMC REMIC, Ser 2010-3634, Cl EA
4.000%, 11/15/23		116		119
FNMA
6.000%, 01/01/27		89		101
5.000%, 04/01/20 to 03/01/25		1,231		1,329
2.340%, 08/01/14 (A)		22		22
2.266%, 08/01/14 (A)		35		36
2.245%, 08/01/14 (A)		14		15
2.080%, 08/01/14 (A)		106		112
2.041%, 08/01/14 (A)		65		69
2.017%, 08/01/14 (A)		43		44
1.990%, 01/01/17		480		479
1.940%, 01/01/17		552		555
1.250%, 08/01/14 (A)		19		20
FNMA REMIC, Ser 1993-58, Cl H
5.500%, 04/25/23		37		40

26 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
FNMA REMIC, Ser 2001-33, Cl FA
0.602%, 08/25/14 (A)	$	28	$	28
FNMA REMIC, Ser 2002-64, Cl FG
0.405%, 08/18/14 (A)		28		28
FNMA REMIC, Ser 2002-77, Cl CB
5.000%, 12/25/17		193		203
FNMA REMIC, Ser 2008-18, Cl HD
4.000%, 12/25/18		138		145
FNMA REMIC, Ser 2010-64, Cl EH
5.000%, 10/25/35		35		36
FNMA REMIC, Ser 2011-109, Cl PK
4.000%, 08/25/41		166		174
FNMA REMIC, Ser 2011-6, Cl BA
2.750%, 06/25/20		249		257
FNMA, Ser M3, Cl A1
2.587%, 03/25/20		79		79
FNMA TBA
3.500%, 08/01/40		850		896
3.000%, 08/25/26		4,200		4,330
GNMA
4.500%, 09/20/39 (A)		155		165
GNMA, Ser 2009-10, Cl JA
4.500%, 03/16/34		122		127
GNMA, Ser 2009-104, Cl NJ
4.250%, 07/20/36		53		55
GNMA, Ser 2009-113, Cl MJ
4.000%, 03/16/23		411		428
GNMA, Ser 2010-43, Cl JA
3.000%, 09/20/37		348		356
GNMA, Ser 2010-86, Cl PG
3.000%, 01/20/36		192		197
GNMA, Ser 2011-106, Cl ME
3.000%, 06/20/38		557		572
GNMA, Ser 2011-110, Cl A
2.237%, 03/16/33		260		262
Mortgage-Linked Amortizing Notes, Ser 2012-1, Cl A10
2.060%, 01/15/22		86		87
NCUA Guaranteed Notes, Ser 2010-R1, Cl 1A
0.603%, 08/04/14 (A)		684		688
NCUA Guaranteed Notes, Ser 2010-R1, Cl 2A
1.840%, 10/07/20		22		23
NCUA Guaranteed Notes, Ser 2010-R2, Cl 1A
0.526%, 08/06/14 (A)		225		225
NCUA Guaranteed Notes, Ser 2011-R1, Cl 1A
0.603%, 08/04/14 (A)		529		532
NCUA Guaranteed Notes, Ser 2011-R2, Cl 1A
0.553%, 08/09/14 (A)		288		288
NCUA Guaranteed Notes, Ser 2011-R3, Cl 1A
0.552%, 08/09/14 (A)		683		685

Description	Face Amount ($ Thousands)		Value ($ Thousands)
NCUA Guaranteed Notes, Ser 2011-R4, Cl 1A
0.536%, 08/05/14 (A)	$	421	$	422
NCUA Guaranteed Notes, Ser 2011-R6, Cl 1A
0.536%, 08/07/14 (A)		398		399
				15,864
Non-Agency Mortgage-Backed Obligations — 14.0%
Banc of America Merrill Lynch Commercial Mortgage, Ser 2, Cl A5
4.857%, 07/10/43 (A)		546		555
Banc of America Merrill Lynch Commercial Mortgage, Ser 4, Cl A5A
4.933%, 07/10/45		645		664
Banc of America Mortgage Securities, Ser 2005-F, Cl 2A2
2.702%, 08/01/14 (A) (B)		360		332
Banc of America Mortgage Securities, Ser 2005-J, Cl 2A1
2.760%, 08/01/14 (A) (B)		44		40
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2005-12, Cl 11A1
2.587%, 08/01/14 (A) (B)		111		89
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2005-3, Cl 2A1
2.571%, 08/01/14 (A) (B)		151		140
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2005-6, Cl 3A1
2.681%, 08/01/14 (A) (B)		259		229
Bear Stearns Commercial Mortgage Securities Trust, Ser 2004-PWR4, Cl A3
5.468%, 06/11/41 (A)		10		10
Bear Stearns Commercial Mortgage Securities Trust, Ser 2005-PW10, Cl A4
5.405%, 12/11/40 (A)		497		516
Bear Stearns Commercial Mortgage Securities Trust, Ser 2005-PWR8, Cl A4
4.674%, 06/11/41		511		522
Bear Stearns Commercial Mortgage Securities Trust, Ser 2005-PWR9, Cl A4A
4.871%, 09/11/42		81		83
Bear Stearns Commercial Mortgage Securities Trust, Ser 2005-T18, Cl A4
4.933%, 08/01/14 (A)		426		432

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 27

SCHEDULE OF INVESTMENTS (Unaudited)

Ultra Short Duration Bond Fund (Continued)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Bear Stearns Commercial Mortgage Securities Trust, Ser 2005-TOP20, Cl A4A
5.288%, 08/01/14 (A)	$	450	$	468
Bear Stearns Commercial Mortgage Securities Trust, Ser 2006-PW13, Cl A4
5.540%, 09/11/41		289		309
Bear Stearns Commercial Mortgage Securities Trust, Ser 2006-PWR11, Cl A4
5.605%, 08/01/14 (A)		450		474
Bear Stearns Commercial Mortgage Securities Trust, Ser PWR5, Cl A5
4.978%, 08/01/14 (A)		29		29
Bear Stearns Commercial Mortgage Securities Trust, Ser PWR6, Cl A6
4.825%, 11/11/41		48		48
Bear Stearns Commercial Mortgage Securities Trust, Ser PWR7, Cl A3
5.116%, 02/11/41 (A)		360		364
CD Mortgage Trust, Ser 2006-CD2, Cl A4
5.480%, 08/01/14 (A)		380		399
CD Mortgage Trust, Ser 2007-CD4, Cl A4
5.322%, 12/11/49		575		622
CD Mortgage Trust, Ser 2007-CD5, Cl A4
5.886%, 08/01/14 (A)		446		492
Citigroup Commercial Mortgage Trust, Ser 2004-C2, Cl A5
4.733%, 10/15/41		269		270
Citigroup Commercial Mortgage Trust, Ser 2005-C3, Cl A4
4.860%, 05/15/43		191		193
Citigroup Commercial Mortgage Trust, Ser 2012-GC8, Cl A1
0.685%, 09/10/45		294		293
Citigroup Mortgage Loan Trust, Ser 2004-HYB3, Cl 1A
2.604%, 08/01/14 (A) (B)		63		64
Citigroup Mortgage Loan Trust, Ser 2006-AR2, Cl 1A1
2.696%, 08/01/14 (A) (B)		227		206
Commercial Mortgage Pass-Through Certificates, Ser 2010-C1, Cl A1
3.156%, 07/10/46 (B)		505		515
Commercial Mortgage Pass-Through Certificates, Ser 2012-CR2, Cl A1
0.824%, 08/15/45		221		222
Commercial Mortgage Pass-Through Certificates, Ser 2012-CR3, Cl A1
0.666%, 11/15/45		203		202

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Commercial Mortgage Pass-Through Certificates, Ser 2012-CR4, Cl A1
0.704%, 10/15/45	$	331	$	329
Commercial Mortgage Pass-Through Certificates, Ser 2013-CR10, Cl A1
1.278%, 08/10/46		235		235
Commercial Mortgage Pass-Through Certificates, Ser CR9, Cl A1
1.344%, 07/10/45		1,019		1,020
Comm Mortgage Trust, Ser 2014-BBG, Cl A
0.952%, 08/15/14 (A) (B)		295		296
Commercial Mortgage Trust, Ser 2012-LC4, Cl A1
1.156%, 12/10/44		215		216
Countrywide Home Loans, Ser 2004-29, Cl 1A1
0.692%, 08/25/14 (A) (B)		33		32
Countrywide Home Loans, Ser 2005-HY10, Cl 3A1A
2.538%, 08/01/14 (A) (B)		197		164
Credit Suisse Commercial Mortgage Trust, Ser C4, Cl A3
5.467%, 09/15/39		178		191
DBUBS Mortgage Trust, Ser 2011-LC1A, Cl A1
3.742%, 11/10/46 (B)		497		517
FDIC Structured Sale Guaranteed Notes, Ser 2010-S1, Cl 1A
0.702%, 08/01/14 (A) (B)		205		205
FDIC Trust, Ser 2012-C1, Cl A
0.841%, 08/01/14 (A) (B)		208		208
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN2, Cl M1
1.005%, 08/25/14 (A) (B)		451		448
FNMA Connecticut Avenue Securities, Ser 2014-C02, Cl 2M1
1.105%, 08/25/14 (A) (B)		236		234
FNMA Connecticut Avenue Securities, Ser 2014-C02, Cl 1M1
1.105%, 08/25/14 (A) (B)		287		284
FNMA Connecticut Avenue Securities, Ser 2014-C03, Cl 1M1
1.351%, 08/25/14 (A) (B)		650		648
Fosse Master Issuer PLC, Ser 2011-1A, Cl A2
1.628%, 10/18/14 (A) (B)		—		—
GE Capital Commercial Mortgage, Ser C3, Cl A7A
4.974%, 08/01/14 (A)		500		515
GE Capital Commercial Mortgage, Ser C4, Cl A4
5.489%, 08/01/14 (A)		1,070		1,109

28 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
GMAC Commercial Mortgage Securities, Ser 2004-C3, Cl A4
4.547%, 12/10/41	$	6	$	6
GMAC Mortgage Loan Trust, Ser 2005-AR6, Cl 2A1
2.994%, 08/01/14 (A) (B)		246		231
Granite Master Issuer PLC, Ser 2006-3, Cl A3
0.236%, 08/22/14 (A) (B)		719		714
Granite Master Issuer PLC, Ser 2006-3, Cl A4
0.236%, 08/20/14 (A) (B)		678		672
Granite Master Issuer PLC, Ser 2006-4, Cl A6
0.336%, 08/20/14 (A) (B)		88		87
Granite Master Issuer PLC, Ser 2007-1, Cl 2A1
0.296%, 08/20/14 (A) (B)		92		91
Granite Master Issuer PLC, Ser 2007-1, Cl 3A1
0.356%, 08/20/14 (A) (B)		104		104
GS Mortgage Securities II, Ser 2010-C2, Cl A1
3.849%, 12/10/43 (B)		643		667
GS Mortgage Securities II, Ser 2012-GCJ9, Cl A1
0.662%, 11/10/45		230		230
GS Mortgage Securities II, Ser GC13, Cl A1
1.206%, 07/10/46		147		147
GS Mortgage Securities II, Ser GC14, Cl A1
1.217%, 08/10/46		252		253
GSR Mortgage Loan Trust, Ser 2005-AR4, Cl 2A1
2.705%, 08/01/14 (A) (B)		301		268
GSR Mortgage Loan Trust, Ser 2006-AR1, Cl 2A1
2.657%, 08/01/14 (A) (B)		346		326
GSR Mortgage Loan Trust, Ser 2007-AR2, Cl 1A1
2.693%, 08/01/14 (A) (B)		276		233
Hilton USA Trust, Ser HLF, Cl AFL
1.156%, 08/15/14 (A) (B)		225		225
Hilton USA Trust, Ser ORL, Cl A
1.050%, 08/15/14 (A) (B)		1,000		1,000
Impac CMB Trust, Ser 2004-9, Cl 1A1
0.912%, 08/25/14 (A) (B)		79		72
Impac CMB Trust, Ser 2005-2, Cl 1A1
0.672%, 08/03/14 (A) (B)		86		81
Impac CMB Trust, Ser 2005-3, Cl A1
0.632%, 08/25/14 (A) (B)		79		69

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Impac CMB Trust, Ser 2005-5, Cl A1
0.792%, 08/25/14 (A) (B)	$	64	$	57
Impac CMB Trust, Ser 2005-8, Cl 1A
0.412%, 08/25/14 (A) (B)		207		174
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2005-LDP3, Cl A4A
4.936%, 08/01/14 (A)		1,036		1,066
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2005-LDP4, Cl A4
4.918%, 08/01/14 (A)		571		590
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2005-LDP7, Cl A4
5.866%, 08/01/14 (A)		180		193
JPMorgan Chase Commercial Mortgage Securities Trust, Ser CB11, Cl A4
5.335%, 08/12/37 (A)		493		501
JPMorgan Chase Commercial Mortgage Securities, Ser 2010-C1, Cl A1
3.853%, 06/15/43 (B)		371		378
JPMorgan Chase Commercial Mortgage Securities, Ser 2011-C4, Cl A1
1.525%, 07/15/46 (B)		2		2
JPMorgan Chase Commercial Mortgage Securities, Ser 2012-C8, Cl A1
0.705%, 10/15/45		101		101
JPMorgan Chase Commercial Mortgage Securities, Ser 2013-C13, Cl A1
1.303%, 01/15/46		202		204
JPMorgan Chase Commercial Mortgage Securities, Ser C3, Cl A5
4.878%, 01/15/42		717		723
JPMorgan Mortgage Trust, Ser 2005-A6, Cl 7A1
2.745%, 08/01/14 (A) (B)		160		153
JPMorgan Mortgage Trust, Ser 2007-A3, Cl 1A1
2.550%, 08/01/14 (A) (B)		177		146
LB-UBS Commercial Mortgage Trust, Ser 2004-C7, Cl A6
4.786%, 10/15/29 (A)		31		31
LB-UBS Commercial Mortgage Trust, Ser 2004-C7, Cl A1A
4.475%, 10/15/29		178		178
LB-UBS Commercial Mortgage Trust, Ser 2004-C8, Cl A6
4.799%, 08/18/14 (A)		79		80

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 29

SCHEDULE OF INVESTMENTS (Unaudited)

Ultra Short Duration Bond Fund (Continued)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A4
5.197%, 11/15/30 (A)	$	250	$	257
Merill Lynch Mortgage Trust, Ser 2004- BPC1, Cl A5
4.855%, 10/12/41 (A)		423		424
Merrill Lynch Mortgage Investors, Ser 2005-A3, Cl A1
0.422%, 08/25/14 (A) (B)		82		79
Merrill Lynch Mortgage-Backed Securities Trust, Ser 2007-3, Cl 2A1
2.813%, 08/01/14 (A) (B)		307		242
ML-CFC Commercial Mortgage Trust, Ser 2007-5, Cl A4
5.378%, 08/12/48		117		126
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl A1
0.664%, 11/15/45		128		128
Morgan Stanley Capital I Trust, Ser 2005-HQ6, Cl A4A
4.989%, 08/13/42		611		624
Morgan Stanley Capital I Trust, Ser C1, Cl A1
2.602%, 09/15/47 (B)		360		365
Morgan Stanley Capital I Trust, Ser C4, Cl A1
1.085%, 03/15/45		312		312
Morgan Stanley Capital I Trust, Ser T19, Cl A4A
4.890%, 06/12/47		246		252
Morgan Stanley Re-Remic Trust, Ser 2012-IO, Cl AXA
1.000%, 03/27/51 (B)		374		377
MortgageIT Trust, Ser 2005-5, Cl A1
0.412%, 08/25/14 (A) (B)		292		273
Opteum Mortgage Acceptance Asset- Backed Pass-Through Certificates, Ser 2005-1, Cl A4
0.555%, 08/25/14 (A) (B)		35		35
Opteum Mortgage Acceptance Asset-Backed Pass-Through Certificates, Ser 2005-2, Cl AII1
0.415%, 08/25/14 (A) (B)		463		464
Paragon Mortgages PLC, Ser 2006-12A, Cl A2C
0.444%, 08/15/14 (A) (B)		119		112
Paragon Mortgages PLC, Ser 2007-15A, Cl A2C
0.451%, 10/19/14 (A) (B)		286		267
Residential Funding Mortgage Securities I, Ser 2007-SA3, Cl 2A1
3.881%, 08/01/14 (A) (B)		232		196

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Sequoia Mortgage Trust, Ser 2004-12, Cl A1
0.426%, 08/20/14 (A) (B)	$	37	$	36
Silverstone Master Issuer PLC, Ser 2012-1A, Cl 1A
1.784%, 10/22/14 (A) (B)		300		303
Springleaf Mortgage Loan Trust, Ser 2013-1A, Cl A
1.270%, 06/25/58 (A) (B)		306		305
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C3, Cl A1
0.726%, 08/10/49		330		328
UBS-Citigroup Commercial Mortgage Trust, Ser 2011-C1, Cl A1
1.524%, 01/10/45		529		534
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C21, Cl A4
5.414%, 08/01/14 (A)		291		303
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C22, Cl A4
5.457%, 08/01/14 (A)		300		313
Wachovia Bank Commercial Mortgage Trust, Ser C17, Cl A4
5.083%, 03/15/42 (A)		624		631
WaMu Mortgage Pass-Through Certificates, Ser 2006-AR2, Cl 1A1
2.336%, 08/01/14 (A) (B)		321		299
Wells Fargo Commercial Mortgage Trust, Ser 2012-LC5, Cl A1
0.687%, 10/15/45		336		336
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-BB, Cl A2
2.615%, 08/01/14 (A) (B)		148		148
Wells Fargo Mortgage-Backed Securities Trust, Ser 2006-AR10, Cl 2A1
2.609%, 08/01/14 (A) (B)		265		259
Wells Fargo Mortgage-Backed Securities Trust, Ser 2006-AR12, Cl 1A1
2.702%, 08/01/14 (A) (B)		171		159
WFRBS Commercial Mortgage Trust, Ser 2011-C2, Cl A1
2.501%, 02/15/44 (B)		494		498
WFRBS Commercial Mortgage Trust, Ser 2011-C3, Cl A1
1.988%, 03/15/44 (B)		437		440
WFRBS Commercial Mortgage Trust, Ser 2012-C10, Cl A1
0.734%, 12/15/45		710		709

30 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
WFRBS Commercial Mortgage Trust, Ser 2012-C6, Cl A1
1.081%, 04/15/45	$	147	$	148
WFRBS Commercial Mortgage Trust, Ser 2012-C9, Cl A1
0.673%, 11/15/45		411		410
WFRBS Commercial Mortgage Trust, Ser C15, Cl A1
1.264%, 08/15/46		275		275
				36,453
Total Mortgage-Backed Securities (Cost $53,000) ($ Thousands)				52,317
MUNICIPAL BONDS — 6.7%
California — 0.3%
California State, Higher Education Authority, GO
5.450%, 04/01/15		355		367
University of California, Ser Y-1, RB
0.656%, 08/01/14 (A)		490		492
				859
Florida — 0.2%
Florida, Hurricane Catastrophe Fund Finance, Ser A, RB
1.298%, 07/01/16		620		624
Illinois — 0.2%
City of Chicago, Midway Airport Revenue, Ser C, RB
1.320%, 01/01/16		270		271
Illinois State, Ser B, GO
1.780%, 04/01/16		300		303
				574
Indiana — 0.1%
Indiana, Bond Bank, Ser C, RB
0.589%, 07/15/15		325		325
Kentucky — 0.2%
Louisville, Regional Airport Authority, Ser C, RB
0.769%, 07/01/16		410		409
Maine — 0.2%
Maine, Municipal Bond Bank, RB
1.068%, 06/01/15		525		525
Michigan — 0.5%
Kalamazoo, Hospital Finance Authority, Ser B, RB
3.125%, 05/15/41 (A)		750		755

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Wayne County, Airport Authority, Ser A, GO
5.000%, 12/01/14	$	490	$	497
				1,252
New Jersey — 2.0%
New Jersey State, Economic Development Authority, Ser 00, RB
1.059%, 03/01/16		500		500
New Jersey State, Economic Development Authority, Ser Q, RB
0.996%, 06/15/16		2,675		2,669
New Jersey State, Transportation Trust Fund Authority, Ser B, RB
1.087%, 12/15/16		1,250		1,255
New Jersey State, Turnpike Authority, Ser B, RB
4.252%, 01/01/16		625		640
				5,064
New York — 0.2%
City of New York, Ser D-2, GO
3.250%, 12/01/14		295		298
Nassau County, Ser A, GO
2.000%, 03/16/15		340		343
				641
Ohio — 0.5%
Hamilton County, Ohio Sewer System Revenue, RB
0.803%, 12/01/15		1,200		1,206
Oregon — 0.1%
Oregon, School Boards Association, Ser A, GO
1.100%, 06/30/15 (C)		300		298
South Carolina — 0.4%
South Carolina State, Public Service Authority, Ser D, RB
1.031%, 08/01/14 (A)		935		937
Texas — 1.3%
Austin, Electric Utility Revenue, Ser B, RB
0.672%, 11/15/15		1,595		1,599
City of El Paso, Harris County Toll Road Authority, GO
3.610%, 08/15/14		445		445
1.049%, 08/15/16		455		455
Harris County, Toll Road Authority, RB
2.440%, 08/15/15		735		749
				3,248

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 31

SCHEDULE OF INVESTMENTS (Unaudited)

Ultra Short Duration Bond Fund (Concluded)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
Utah — 0.2%
Intermountain Power Agency, Sub-Ser B, RB
0.785%, 07/01/16	$	610	$	609
Wisconsin — 0.3%
Wisconsin State, Transportation Authority, Ser A, RB
0.798%, 05/01/15		780		783
Total Municipal Bonds (Cost $17,322) ($ Thousands)				17,354
U.S. GOVERNMENT AGENCY OBLIGATIONS — 1.5%
FHLB
1.850%, 11/17/17		1,000		1,004
FHLMC
0.850%, 08/08/16		650		650
0.800%, 11/07/16		500		499
FNMA
1.060%, 08/01/18 (E)		1,000		1,000
1.000%, 09/12/16		760		761
Total U.S. Government Agency Obligations (Cost $3,918) ($ Thousands)				3,914
U.S. TREASURY OBLIGATION — 1.4%
U.S. Treasury Notes
0.075%, 08/05/14 (A)		3,750		3,750
Total U.S. Treasury Obligation (Cost $3,750) ($ Thousands)				3,750
REPURCHASE AGREEMENT (D) — 0.4%
BNP Paribas 0.090%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $1,000,003 (collateralized by various FNMA and FMAC obligations, ranging in par value $98,493 - $864,066, 4.000% - 5.500%, 05/01/37 - 07/01/44, with total market value $1,020,001)		1,000		1,000
Total Repurchase Agreement (Cost $1,000) ($ Thousands)				1,000
Total Investments — 102.2% (Cost $265,998)($ Thousands)			$	265,793

A list of the open futures contracts held by the Fund at July 31, 2014, is as follows:

Type of Contract	Number of Contracts Long			Expiration Date		Unrealized Appreciation ($ Thousands)
U.S. 10-Year Treasury Note		(32	)		Sep-2014	$	33
U.S. 2-Year Treasury Note		(10	)		Sep-2014		2
U.S. 5-Year Treasury Note		(9	)		Sep-2014		6
U.S. Long Treasury Bond		(3	)		Sep-2014		1
						$	42

For the period ended July 31, 2014, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the year.

† Real Estate Investment Trust.

Percentages are based on Net Assets of $260,095 ($ Thousands).

(A) Floating Rate Instrument. The rate reflected on the Schedule of Investments is the rate in effect on Juy 31, 2014. The demand and interest rate reset features give this security a shorter effective maturity date.

(B) Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” These securities have been determined to be liquid under guidelines established by the Board of Trustees.

(C) Rate reported is the effective yield at time of purchase.

(D) Tri-Party Repurchase Agreement.

(E) Step Bonds — The rate reflected on the Schedule of Investments is the effective yield on July 31, 2014. The coupon on a step bond changes on a specified date.

CDO — Collateralized Debt Obligation

Cl — Class

CLO — Collateralized Loan Obligation

FDIC — Federal Deposit Insurance Corporation

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FMAC — Financial Management Advisory Committee

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

LLC — Limited Liability Company

MTN — Medium Term Note

NCUA — National Credit Union Association

PLC — Public Limited Company

RB — Revenue Bond

REMIC — Real Estate Mortgage Investment Conduit

Ser — Series

TBA — To Be Announced

The following is a summary of the inputs used as of July 31, 2014 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3		Total
Corporate Obligations	$	—	$	110,207	$	—	$	110,207
Asset-Backed Securities		—		77,251		—		77,251
Mortgage-Backed Securities		—		52,317		—		52,317
Municipal Bonds		—		17,354		—		17,354
U.S. Government Agency Obligations		—		3,914		—		3,914
Repurchase Agreement		—		1,000		—		1,000
U.S. Treasury Obligation		—		3,750		—		3,750
Total Investments in Securities	$	—	$	265,793	$	—	$	265,793

Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	42	$	—	$	—	$	42
Total Other Financial Instruments	$	42	$	—	$	—	$	42

* Futures Contracts are valued at the net unrealized appreciation on the instruments.

For the period ended July 31, 2014, there were no transfers between Level 1 and Level 2 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

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

The accompanying notes are an integral part of the financial statements

32 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

SCHEDULE OF INVESTMENTS (Unaudited)

Short-Duration Government Fund

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
U.S. TREASURY OBLIGATIONS — 37.6%
U.S. Treasury Inflation Protected Security
2.125%, 01/15/19	$	8,532	$	9,518
U.S. Treasury Notes
4.500%, 11/15/15		99,700		105,164
0.875%, 04/30/17 (C)		120,765		120,577
0.250%, 07/15/15		51,200		51,256
Total U.S. Treasury Obligations (Cost $286,320) ($ Thousands)				286,515
MORTGAGE-BACKED SECURITIES — 35.2%
Agency Mortgage-Backed Obligations — 35.2%
FHLMC
4.879%, 05/19/17		5,000		5,383
4.500%, 02/01/22 to 06/01/26		11,803		12,652
2.571%, 08/01/14 (A)		5,866		6,028
2.468%, 08/01/14 (A)		30		30
2.438%, 08/01/14 (A)		48		49
2.396%, 08/01/14 (A)		8		8
2.384%, 08/01/14 (A)		12		12
2.375%, 08/01/14 (A)		15		15
2.367%, 08/01/14 (A)		5		5
2.331%, 08/01/14 (A)		1,210		1,275
2.325%, 08/01/14 (A)		42		42
2.310%, 08/01/14 (A)		22		22
2.302%, 08/01/14 (A)		3		3
2.274%, 08/01/14 (A)		50		52
2.260%, 08/01/14 (A)		12		12
2.250%, 08/01/14 (A)		10		10
2.237%, 08/01/14 (A)		71		72
2.141%, 08/01/14 (A)		15		16
2.125%, 08/01/14 (A)		30		31
2.000%, 08/01/14 (A)		4		4
1.883%, 05/25/19		6,000		5,965
1.875%, 08/01/14 (A)		5		5
1.625%, 08/01/14 (A)		8		8
FHLMC REMIC, Ser 2002-42, Cl A5
7.500%, 02/25/42		521		606
FHLMC REMIC, Ser 2004-2864, Cl NV
4.500%, 08/15/15		555		561
FHLMC REMIC, Ser 2006-3148, Cl CF
0.552%, 08/15/14 (A)		546		547
FHLMC REMIC, Ser 2010-3628, Cl PJ
4.500%, 01/15/40		6,305		6,776

Description	Face Amount ($ Thousands)		Value ($ Thousands)
FHLMC REMIC, Ser 3153, Cl FX
0.502%, 08/15/14 (A)	$	215	$	215
FHLMC, Ser K022, Cl A2
2.355%, 07/25/22		1,600		1,558
FHLMC, Ser KGRP, Cl A
0.530%, 08/25/14 (A)		6,168		6,185
FNMA
7.000%, 06/01/37		19		21
6.500%, 05/01/26 to 09/01/36		524		596
6.000%, 02/01/23 to 09/01/24		5,559		6,120
5.500%, 06/01/16 to 12/01/25		1,502		1,649
5.300%, 07/01/19		929		1,009
5.250%, 08/01/24		1,319		1,476
5.140%, 08/01/14		3,045		3,145
5.090%, 08/01/14		3,875		4,001
5.000%, 03/01/19 to 04/01/41		4,749		5,255
4.771%, 08/01/14		6,438		6,631
4.500%, 04/01/26 to 10/01/31		6,580		7,103
4.070%, 04/01/19		1,203		1,289
4.000%, 05/01/26 to 08/01/26		4,663		4,990
3.890%, 01/01/24		1,153		1,232
3.840%, 08/01/21		1,345		1,461
3.800%, 01/01/23		1,987		2,119
3.750%, 06/01/22		1,267		1,351
3.500%, 11/01/21		1,610		1,693
3.470%, 11/01/20		169		179
3.400%, 03/01/22		3,775		3,948
3.270%, 05/01/21		504		527
3.260%, 12/01/20		594		624
3.250%, 04/01/21 to 11/01/21		2,718		2,830
3.050%, 10/01/20		59		61
2.990%, 10/01/17		3,283		3,440
2.830%, 05/01/21		459		469
2.720%, 05/01/21		2,184		2,217
2.630%, 09/01/17		21,670		22,478
2.515%, 10/01/22		700		691
2.400%, 10/01/22		485		475
2.360%, 06/01/19		1,540		1,562
2.350%, 10/01/22		1,498		1,462
2.339%, 08/01/14 (A)		340		363
2.310%, 10/01/22		2,320		2,258
2.260%, 08/01/14 (A)		29		31
2.250%, 10/01/22 to 10/01/22		5,416		5,251
2.220%, 10/01/22		2,305		2,232
2.102%, 08/01/14 (A)		45		47
2.080%, 08/01/14 (A)		507		532
2.041%, 08/01/14 (A)		247		262
1.954%, 08/01/14 (A)		100		100
1.942%, 08/01/14 (A)		299		304
FNMA REMIC, Ser 1992-61, Cl FA
0.802%, 08/25/14 (A)		73		74
FNMA REMIC, Ser 1993-32, Cl H
6.000%, 03/25/23		28		31
FNMA REMIC, Ser 1993-5, Cl Z
6.500%, 02/25/23		15		17

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 33

SCHEDULE OF INVESTMENTS (Unaudited)

Short-Duration Government Fund (Continued)

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
FNMA REMIC, Ser 1994-77, Cl FB
1.652%, 08/25/14 (A)	$	6	$	6
FNMA REMIC, Ser 2001-51, Cl QN
6.000%, 10/25/16		29		30
FNMA REMIC, Ser 2002-3, Cl PG
5.500%, 02/25/17		151		158
FNMA REMIC, Ser 2002-53, Cl FK
0.552%, 08/25/14 (A)		108		109
FNMA REMIC, Ser 2003-76, Cl CA
3.750%, 07/25/33		155		161
FNMA REMIC, Ser 2006-76, Cl QF
0.552%, 08/25/14 (A)		1,025		1,027
FNMA REMIC, Ser 2006-79, Cl DF
0.502%, 08/25/14 (A)		889		890
FNMA REMIC, Ser 2007-47, Cl DA
5.600%, 05/25/37		1,109		1,193
FNMA REMIC, Ser 2010-149, Cl VA
4.500%, 02/25/22		7,464		7,963
FNMA REMIC, Ser 2010-4, Cl PL
4.500%, 02/25/40		4,895		5,302
FNMA, Ser 2010-M5, Cl A2
2.806%, 07/25/20		13,700		14,204
FNMA TBA
5.000%, 09/01/37 to 08/15/40		900		991
4.500%, 09/01/33 to 10/15/33		20,500		22,046
4.000%, 08/01/20 to 08/13/39		16,200		17,046
3.500%, 08/01/40		8,800		8,966
GNMA
6.500%, 04/15/17 to 02/20/39		707		803
6.000%, 06/15/16 to 06/15/41		18,378		20,853
5.500%, 10/15/34 to 02/15/41		6,115		6,774
5.000%, 09/15/39 to 04/15/41		4,090		4,506
4.000%, 07/15/41 to 04/15/43		495		524
GNMA TBA
6.000%, 08/01/33		800		899
5.500%, 08/01/23		500		553
4.500%, 08/15/39		1,300		1,409
3.500%, 08/15/42		200		206
NCUA Guaranteed Notes, Ser 2010-R1, Cl 2A
1.840%, 10/07/20		235		237
Total Mortgage-Backed Securities (Cost $263,760) ($ Thousands)				268,609
U.S. GOVERNMENT AGENCY OBLIGATIONS — 26.0%
FHLB
4.000%, 08/01/29		900		951
3.250%, 09/12/14		9,915		9,950
FHLMC
4.375%, 07/17/15		78,600		81,758
0.875%, 02/22/17		70,815		70,706
FNMA
0.875%, 05/21/18		35,400		34,787
Total U.S. Government Agency Obligations (Cost $197,655) ($ Thousands)				198,152

Description	Face Amount ($ Thousands)		Value ($ Thousands)
REPURCHASE AGREEMENTS (B) — 8.4%
BNP Paribas 0.090%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $36,100,090 (collateralized by various FNMA and FMAC obligations, ranging in par value $109,901 - $29,900,000, 3.000% - 6.000%, 02/01/18 -02/01/44, with total market value $36,822,000)	$	36,100	$	36,100
Deutsche Bank 0.100%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $28,100,078 (collateralized by various FNMA and GNMA obligations, ranging in par value $2,991,348 - $24,064,971, 4.000%, 12/01/33 - 07/20/44, with total market value $28,662,005)		28,100		28,100
Total Repurchase Agreements (Cost $64,200) ($ Thousands)				64,200
Total Investments — 107.2% (Cost $811,935)($ Thousands)			$	817,476

A list of the open futures contracts held by the Fund at July 31, 2014, is as follows:

Type of Contract	Number of Contracts Long			Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
U.S. 10-Year Treasury Note		(173	)		Sep-2014	$	24
U.S. 2-Year Treasury Note		284			Sep-2014		(85	)
U.S. 5-Year Treasury Note		(243	)		Sep-2014		188
U.S. Long Treasury Bond		(74	)		Sep-2014		31
						$	158

For the period ended July 31, 2014, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the year.

Percentages are based on Net Assets of $762,805 ($ Thousands).

(A) Floating Rate Instrument. The rate reflected on the Schedule of Investments is the rate in effect on July 31, 2014. The demand and interest rate reset features give this security a shorter effective maturity date.

(B) Tri-Party Repurchase Agreement.

(C) Security, or portion thereof, has been pledged as collateral on open futures contracts.

Cl — Class

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FMAC — Financial Management Advisory Committee

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

NCUA — National Credit Union Association

REMIC — Real Estate Mortgage Investment Conduit

Ser — Series

TBA — To Be Announced

34 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

The following is a summary of the inputs used as of July 31, 2014 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3		Total
Mortgage-Backed Securities	$	—	$	268,609	$	—	$	268,609
U.S. Government Agency
Obligations		—		198,152		—		198,152
Repurchase Agreements		—		64,200		—		64,200
U.S. Treasury Obligations		—		286,515		—		286,515
Total Investments in Securities	$	—	$	817,476	$	—	$	817,476

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	243		$	—	$	—	$	243
Unrealized Depreciation		(85	)		—		—		(85	)
Total Other Financial Instruments	$	158		$	—	$	—	$	158

* Futures Contracts are valued at the net unrealized appreciation/(depreciation) on the instruments.

For the period ended July 31, 2014, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended July 31, 2014, there were no Level 3 securities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

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

The accompanying notes are an integral part of the financial statements.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 35

SCHEDULE OF INVESTMENTS (Unaudited)

Intermediate-Duration Government Fund

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
MORTGAGE-BACKED SECURITIES — 70.7%
Agency Mortgage-Backed Obligations — 70.7%
FHLMC
6.500%, 01/01/18 to 12/01/32	$	100	$	114
6.000%, 09/01/24		339		381
5.500%, 06/01/19 to 12/01/20		167		178
2.571%, 08/01/14 (A)		269		277
FHLMC REMIC, Ser 1990-165, Cl K
6.500%, 09/15/21		3		3
FHLMC REMIC, Ser 2004-2802, Cl PF
0.550%, 08/15/14 (A)		168		168
FNMA
6.500%, 03/01/33 to 10/01/34		71		81
6.000%, 02/01/23		167		185
5.500%, 12/01/25		941		1,048
5.250%, 08/01/24		659		738
5.000%, 06/01/23 to 04/01/41		1,273		1,390
4.500%, 04/01/26 to 10/01/31		567		612
4.000%, 05/01/26 to 08/01/26		363		388
3.500%, 11/01/21		53		55
3.270%, 05/01/21		15		16
3.250%, 04/01/21 to 11/01/21		82		86
3.070%, 01/01/22		765		786
3.050%, 10/01/20		25		26
2.830%, 05/01/21		15		15
2.720%, 05/01/21		75		76
2.515%, 10/01/22		55		54
2.400%, 10/01/22		36		36
2.360%, 06/01/19		50		51
2.350%, 10/01/22		116		114
2.310%, 10/01/22		180		175
2.250%, 10/01/22		92		89
2.220%, 10/01/22		176		170
FNMA REMIC, Ser 2001-51, Cl QN
6.000%, 10/25/16		40		42
FNMA REMIC, Ser 2003-48, Cl GH
5.500%, 06/25/33		1,800		2,007
FNMA REMIC, Ser 2006-79, Cl DF
0.502%, 08/25/14 (A)		157		157
FNMA REMIC, Ser 2007-47, Cl DA
5.600%, 05/25/37		193		208
FNMA REMIC, Ser 2010-149, Cl VA
4.500%, 02/25/22		764		815
FNMA, Ser 2010-M5, Cl A2
2.806%, 07/25/20		3,300		3,421
FNMA TBA
5.000%, 09/01/37		100		110
4.000%, 08/13/39		100		105

Description	Face Amount ($ Thousands)		Value ($ Thousands)
3.500%, 08/01/40	$	200	$	204
GNMA
8.750%, 07/20/17 to 07/20/17		4		4
8.500%, 11/20/16 to 08/20/17		11		12
7.500%, 11/15/25 to 03/15/27		14		16
6.000%, 09/15/24		369		414
5.000%, 05/15/40 to 06/15/40		48		54
4.500%, 06/15/41		225		244
4.000%, 07/15/41		231		245
NCUA Guaranteed Notes, Ser 2010-R1, Cl 2A
1.840%, 10/07/20		57		58
Total Mortgage-Backed Securities (Cost $15,100) ($ Thousands)				15,428
U.S. TREASURY OBLIGATIONS — 18.7%
U.S. Treasury Inflation Protected Security
2.125%, 01/15/19		1,440		1,607
U.S. Treasury Notes
0.875%, 04/30/17		2,483		2,479
Total U.S. Treasury Obligations (Cost $4,074) ($ Thousands)				4,086
U.S. GOVERNMENT AGENCY OBLIGATION — 8.6%
FHLMC
0.875%, 02/22/17		1,885		1,882
Total U.S. Government Agency Obligation (Cost $1,883) ($ Thousands)				1,882
ASSET-BACKED SECURITY — 0.5%
Other — 0.5%
Small Business Administration, Ser 2005-P10B, Cl 1
4.940%, 08/10/15		110		114
Total Asset-Backed Security (Cost $110) ($ Thousands)				114
REPURCHASE AGREEMENT (B) — 2.3%
BNP Paribas 0.090%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $500,001 (collateralized by various FNMA obligations, ranging in par value $1,000 - $425,881, 4.500%- 5.000%, 12/01/40 - 06/01/44, with total market value $510,002)		500		500
Total Repurchase Agreement (Cost $500) ($ Thousands)				500
Total Investments — 100.8% (Cost $21,667)($ Thousands)			$	22,010

36 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

A list of the open futures contracts held by the Fund at July 31, 2014, is as follows:

Type of Contract	Number of Contracts Long			Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
U.S. 10-Year Treasury Note		(26	)		Sep-2014	$	23
U.S. 2-Year Treasury Note		(6	)		Sep-2014		2
U.S. 5-Year Treasury Note		97			Sep-2014		(75	)
U.S. Long Treasury Bond		(1	)		Sep-2014		—
						$	(50	)

For the period ended July 31, 2014, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the year.

Percentages are based on Net Assets of $21,839 ($ Thousands).

(A) Floating Rate Instrument. The rate reflected on the Schedule of Investments is the rate in effect on July 31, 2014. The demand and interest rate reset features give this security a shorter effective maturity date.

(B) Tri-Party Repurchase Agreement.

Cl — Class

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

NCUA — National Credit Union Association

REMIC — Real Estate Mortgage Investment Conduit

Ser — Series

TBA — To Be Announced

The following is a summary of the inputs used as of July 31, 2014 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3		Total
Mortgage-Backed Securities	$	—	$	15,428	$	—	$	15,428
U.S. Government Agency
Obligation		—		1,882		—		1,882
Repurchase Agreement		—		500		—		500
Asset-Backed Security		—		114		—		114
U.S. Treasury Obligations		—		4,086		—		4,086
Total Investments in Securities	$	—	$	22,010	$	—	$	22,010

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	25		$	—	$	—	$	25
Unrealized Depreciation		(75	)		—		—		(75	)
Total Other Financial Instruments	$	(50	)	$	—	$	—	$	(50	)

* Futures Contracts are valued at the net unrealized appreciation/(depreciation) on the instruments.

For the period ended July 31, 2014, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended July 31, 2014, there were no Level 3 securities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

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

The accompanying notes are an integral part of the financial statements.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 37

SCHEDULE OF INVESTMENTS (Unaudited)

GNMA Fund

July 31, 2014

Description	Face Amount ($ Thousands)		Value ($ Thousands)
MORTGAGE-BACKED SECURITIES — 99.1%
Agency Mortgage-Backed Obligations — 99.1%
FHLMC REMIC, Ser 2010-3631, Cl PS, IO
6.298%, 05/15/14 (A)	$	7,217	$	1,026
FHLMC, Ser K022, Cl A2
2.355%, 07/25/22		1,600		1,558
FNMA
8.000%, 09/01/14 to 09/01/28		36		39
7.000%, 08/01/29 to 09/01/32		125		140
6.500%, 09/01/32		89		101
4.250%, 10/01/28		4,650		5,023
4.180%, 11/01/28		1,726		1,852
FNMA REMIC, Ser 1990-91, Cl G
7.000%, 08/25/20		16		18
FNMA REMIC, Ser 1992-105, Cl B
7.000%, 06/25/22		31		35
FNMA REMIC, Ser 2002-42, Cl C
6.000%, 07/25/17		339		357
FNMA TBA
3.500%, 08/01/40		300		306
3.000%, 08/01/42		3,200		3,136
GNMA
10.000%, 05/15/16 to 09/15/19		10		9
9.500%, 08/15/17 to 11/15/20		19		21
9.000%, 12/15/17 to 05/15/22		68		68
8.500%, 10/15/16 to 06/15/17		11		11
8.000%, 04/15/17 to 03/15/32		337		376
7.750%, 10/15/26		28		31
7.500%, 02/15/27 to 10/15/35		240		281
7.250%, 01/15/28		76		85
7.000%, 04/15/19 to 06/20/38		3,073		3,578
6.750%, 11/15/27		12		14
6.500%, 09/15/16 to 10/15/38		1,238		1,393
6.000%, 07/15/24 to 03/15/41		2,684		3,024
5.500%, 01/15/33 to 02/15/41		4,038		4,506
5.000%, 06/15/33 to 03/15/41		12,274		13,522
4.500%, 08/15/33 to 09/20/41		8,108		8,830
4.000%, 08/20/39 to 04/15/43		12,660		13,409
3.875%, 05/15/42		2,106		2,173
3.500%, 03/20/41		500		517
GNMA REMIC, Ser 2002-45, Cl QE
6.500%, 06/20/32		436		495
GNMA REMIC, Ser 2005-70, Cl AI, IO
5.000%, 10/20/33		338		5

Description	Face Amount ($ Thousands)		Value ($ Thousands)
GNMA, Ser 2003-9, Cl Z
5.500%, 01/20/33	$	1,227	$	1,341
GNMA TBA
4.500%, 08/01/23 to 08/15/39		5,200		5,628
4.000%, 08/01/39 to 08/01/42		4,500		4,767
3.500%, 08/15/41 to 08/15/42		24,200		24,924
3.000%, 08/15/42 to 08/20/43		6,950		6,959
Total Mortgage-Backed Securities (Cost $106,607) ($ Thousands)				109,558
REPURCHASE AGREEMENTS (B) — 41.7%
BNP Paribas 0.090%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $21,700,054 (collateralized by various FNMA and FMAC obligations, ranging in par value $19,256 - $18,201,684, 3.000% - 6.000%, 05/01/18 - 07/01/44, with total market value $22,134,000)		21,700		21,700
Deutsche Bank 0.100%, dated 07/31/14, to be repurchased on 08/01/14, repurchase price $24,400,068 (collateralized by various GNMA obligations, ranging in par value $749,642 - $9,534,796, 3.500% - 5.000%, 05/20/37 - 06/15/48, with total market value $24,888,000)		24,400		24,400
Total Repurchase Agreements (Cost $46,100) ($ Thousands)				46,100
Total Investments — 140.8% (Cost $152,707)($ Thousands)			$	155,658

A list of the open futures contracts held by the Fund at July 31, 2014, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Unrealized (Depreciation) ($ Thousands)
U.S. 10-Year Treasury Note		1		Sep-2014	$	—
U.S. 5-Year Treasury Note		10		Sep-2014		(8	)
U.S. Long Treasury Bond		27		Sep-2014		(1	)
					$	(9	)

For the period ended July 31, 2014, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the year.

Percentages are based on Net Assets of $110,520 ($ Thousands).

(A) Floating Rate Instrument. The rate reflected on the Schedule of Investments is the rate in effect on July 31, 2014. The demand and interest rate reset features give this security a shorter effective maturity date.

(B) Tri-Party Repurchase Agreement.

38 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Cl — Class

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

IO — Interest Only - face amount represents notional amount

REMIC — Real Estate Mortgage Investment Conduit

Ser — Series

TBA — To Be Announced

The following is a summary of the inputs used as of July 31, 2014 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Investments in Securities	Level 1		Level 2		Level 3		Total
Mortgage-Backed Securities	$	—	$	109,558	$	—	$	109,558
Repurchase Agreements		—		46,100		—		46,100
Total Investments in Securities	$	—	$	155,658	$	—	$	155,658

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Futures Contracts*
Unrealized Depreciation	$	(9	)	$	—	$	—	$	(9	)
Total Other Financial Instruments	$	(9	)	$	—	$	—	$	(9	)

* Futures Contracts are valued at the net unrealized (depreciation) on the instruments.

For the period ended July 31, 2014, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended July 31, 2014, there were no Level 3 securities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

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

The accompanying notes are an integral part of the financial statements.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 39

Statements of Assets and Liabilities ($ Thousands)

July 31, 2014 (Unaudited)

	Money Market Fund			Government Fund			Government II Fund			Prime Obligation Fund
ASSETS:
Investments, at value†	$	270,668		$	1,102,130		$	1,252,210		$	4,389,187
Repurchase agreements†		71,908			910,105			—			349,280
Cash		1			1			1			1
Cash pledged as collateral for future contracts		—			—			—			—
Receivable for investment securities sold		—			—			—			—
Interest receivable		38			2,478			999			619
Receivable for fund shares sold		—			—			—			—
Receivable for variation margin		—			—			—			—
Prepaid expenses		12			69			54			168
Total Assets		342,627			2,014,783			1,253,264			4,739,255
LIABILITIES:
Payable for investment securities purchased		—			—			63,037			—
Shareholder servicing fees payable		7			6			—			—
Investment advisory fees payable		10			57			39			145
Administration fees payable		24			24			18			375
Income distribution payable		1			21			9			26
Trustees’ fees payable		—			—			1			3
Chief Compliance Officer fees payable		1			3			2			8
Payable for fund shares redeemed		—			—			—			—
Accrued expense payable		17			67			55			179
Total Liabilities		60			178			63,161			736
Net Assets	$	342,567		$	2,014,605		$	1,190,103		$	4,738,519
†Cost of investments and repurchase agreements		342,576			2,012,235			1,252,210			4,738,467
NET ASSETS:
Paid-in Capital — (unlimited authorization — no par value)	$	342,565		$	2,014,637		$	1,190,107		$	4,738,573
Undistributed (Distributions in excess of) net investment income		2			—			(5	)		—
Accumulated net realized gain (loss) on investments		—			(32	)		1			(54	)
Net unrealized appreciation (depreciation) on investments		—			—			—			—
Net unrealized appreciation (depreciation) on futures contracts		—			—			—			—
Net Assets	$	342,567		$	2,014,605		$	1,190,103		$	4,738,519
Net Asset Value, Offering and Redemption Price Per Share — Class A		$1.00			$1.00			$1.00			$1.00
		(173,700,434 ÷ 173,730,227 shares	)		(1,797,967,662 ÷ 1,798,024,416 shares	)		(996,560,499 ÷ 996,629,064 shares	)		(4,619,186,412 ÷ 4,619,235,913 shares	)
Net Asset Value, Offering and Redemption Price Per Share — Class B		$1.00			$1.00			$1.00			$1.00
		(115,006,255 ÷ 115,005,960 shares	)		(159,917,609 ÷ 159,947,512 shares	)		(178,419,545 ÷ 178,454,569 shares	)		(75,471,546 ÷ 75,475,287 shares	)
Net Asset Value, Offering and Redemption Price Per Share — Class C		$1.00			$1.00			$1.00			$1.00
		(28,295,426 ÷ 28,295,328 shares	)		(5,400,182 ÷ 5,401,775 shares	)		(15,123,149 ÷ 15,122,679 shares	)		(23,350,174 ÷ 23,350,585 shares	)
Net Asset Value, Offering and Redemption Price Per Share — Class H		N/A			N/A			N/A			$1.00
											(17,630,510 ÷ 17,631,856 shares	)
Net Asset Value, Offering and Redemption Price Per Share — Sweep Class		$1.00			$1.00			N/A			$1.00
		(25,564,907 ÷ 25,561,072 shares	)		(51,319,229 ÷ 51,321,413 shares	)					(2,880,394 ÷ 2,879,939 shares	)

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

N/A — Not applicable. Class B, C, H and Sweep Class currently not offered.

The accompanying notes are an integral part of the financial statements.

40 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Treasury Fund			Treasury II Fund			Ultra Short Duration Bond Fund			Short-Duration Government Fund			Intermediate- Duration Government Fund			GNMA Fund
	$107,827			$662,692			$264,793			$753,276			$21,510			$109,558
	276,472			—			1,000			64,200			500			46,100
	1			1			1,733			24			96			76
	—			—			100			1,558			105			—
	—			—			—			11,728			112			13,056
	344			3,577			507			2,570			67			609
	—			—			211			960			24			254
	—			—			—			52			4			—
	13			27			7			29			1			11
	384,657			666,297			268,351			834,397			22,419			169,664
	—			—			7,957			64,774			529			58,831
	4			1			—			—			—			—
	11			14			24			53			2			10
	—			—			26			229			6			22
	1			4			42			93			11			33
	—			—			—			1			—			—
	1			1			—			1			—			—
	—			—			192			6,365			27			176
	12			23			15			76			5			72
	29			43			8,256			71,592			580			59,144
	$384,628			$666,254			$260,095			$762,805			$21,839			$110,520
	384,299			662,692			265,998			811,935			21,667			152,707
	$384,633			$666,242			$283,201			$763,595			$22,875			$109,454
	—			11			(217	)		(244	)		29			(303	)
	(5	)		1			(22,726	)		(6,245	)		(1,358	)		(1,573	)
	—			—			(205	)		5,541			343			2,951
	—			—			42			158			(50	)		(9	)
	$384,628			$666,254			$260,095			$762,805			$21,839			$110,520
	$1.00			$1.00			$9.35			$10.49			$11.57			$10.61
	(125,397,405 ÷ 125,426,436 shares	)		(457,343,849 ÷ 457,457,934 shares	)		(260,094,966 ÷ 27,803,277 shares	)		(762,805,116 ÷ 72,694,250 shares	)		(21,838,578 ÷ 1,886,775 shares	)		(110,520,267 ÷ 10,417,040 shares	)
	$1.00			$1.00			N/A			N/A			N/A			N/A
	(116,950,122 ÷ 116,970,791 shares	)		(192,806,494 ÷ 192,828,290 shares	)
	$1.00			$1.00			N/A			N/A			N/A			N/A
	(16,036,980 ÷ 16,037,497 shares	)		(16,103,508 ÷ 16,103,220 shares	)
	N/A			N/A			N/A			N/A			N/A			N/A
	$1.00			N/A			N/A			N/A			N/A			N/A
	(126,243,220 ÷ 126,263,605 shares	)

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 41

Statements of Operations ($ Thousands)

For the six months ended July 31, 2014 (Unaudited)

	Money Market Fund			Government Fund			Government II Fund			Prime Obligation Fund
Investment Income:
Interest Income	$	219		$	846		$	561		$	3,752
Expenses:
Administration Fees		459			2,181			1,261			4,332
Shareholder Servicing Fees — Class A Shares		194			1,977			1,421			5,523
Shareholder Servicing Fees — Sweep Class Shares		30			90			—			5
Distribution Fees — Sweep Class Shares		61			185			—			9
Administrative and Shareholder Servicing Fees — Class B Shares		109			233			266			136
Administrative and Shareholder Servicing Fees — Class C Shares		66			15			37			65
Administrative and Shareholder Servicing Fees — Class H Shares	��	—			—			—			41
Investment Advisory Fees		97			636			464			1,595
Trustees’ Fees		2			12			10			31
Chief Compliance Officer Fees		—			5			4			15
Registration Fees		9			34			30			86
Custodian/Wire Agent Fees		1			11			9			29
Pricing Fees		1			2			2			7
Other Expenses		12			115			91			308
Total Expenses		1,041			5,496			3,595			12,182
Less, Waiver of:
Investment Advisory Fees		(49	)		(318	)		(232	)		(798	)
Administration Fees		(328	)		(2,014	)		(1,145	)		(2,081	)
Shareholder Servicing Fees — Class A Shares		(194	)		(1,977	)		(1,421	)		(5,523	)
Administrative & Shareholder Servicing Fees — Class B Shares		(109	)		(233	)		(266	)		(136	)
Administrative & Shareholder Servicing Fees — Class C Shares		(66	)		(15	)		(37	)		(65	)
Administrative & Shareholder Servicing Fees — Class H Shares		—			—			—			(41	)
Shareholder Servicing & Distribution Fees — Sweep Class		(90	)		(275	)		—			(14	)
Net Expenses		205			664			494			3,524
Net Investment Income		14			182			67			228
Net Realized and Unrealized Gain (Loss) on/from:
Investments		—			—			1			2
Futures Contracts		—			—			—			—
Net Change in Unrealized Appreciation(Depreciation) on/from:
Investments		—			—			—			—
Futures Contracts		—			—			—			—
Net Increase in Net Assets Resulting from Operations	$	14		$	182		$	68		$	230

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

The accompanying notes are an integral part of the financial statements.

42 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Treasury Fund			Treasury II Fund			Ultra Short Duration Bond Fund			Short-Duration Government  Fund			Intermediate- Duration Government Fund			GNMA Fund
$	106		$	179		$	1,330		$	4,769		$	305		$	1,160
	426			841			457			1,352			41			213
	139			566			326			940			34			167
	158			—			—			—			—			—
	325			—			—			—			—			—
	152			350			—			—			—			—
	34			38			—			—			—			—
	—			—			—			—			—			—
	124			245			133			341			11			60
	2			5			2			5			—			1
	1			2			1			2			—			—
	7			17			5			16			1			5
	2			8			2			5			—			1
	1			1			19			—			—			—
	20			41			17			114			8			30
	1,391			2,114			962			2,775			95			477
	(69	)		(175	)		(11	)		(24	)		—			—
	(426	)		(841	)		(128	)		—			—			(57	)
	(139	)		(566	)		(326	)		(940	)		(32	)		—
	(152	)		(350	)		—			—			—			—
	(34	)		(38	)		—			—			—			—
	—			—			—			—			—			—
	(483	)		—			—			—			—			—
	88			144			497			1,811			63			420
	18			35			833			2,958			242			740
	—			1			303			1,518			40			3,241
	—			—			(107	)		(2,570	)		(98	)		360
	—			—			6			(1,159	)		(10	)		(1,816	)
	—			—			48			1,040			(2	)		(38	)
$	18		$	36		$	1,083		$	1,787		$	172		$	2,487

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 43

Statements of Changes in Net Assets ($ Thousands)

For the six months ended July 31, 2014 (Unaudited) and the year ended January 31

	Money Market Fund						Government Fund
	2/1/14-7/31/14			2/1/13-1/31/14			2/1/14-7/31/14			2/1/13-1/31/14
Operations:
Net Investment Income	$	14		$	66		$	182		$	320
Net Realized Gain on Investments		—			—			—			—
Net Increase in Net Assets Resulting from Operations		14			66			182			320
Dividends to Shareholders:
Net Investment Income
Class A		(8	)		(54	)		(158	)		(283	)
Class B		(4	)		(6	)		(16	)		(27	)
Class C		(1	)		(3	)		(1	)		(1	)
Class H		—			—			—			—
Sweep Class		(1	)		(3	)		(7	)		(9	)
Total Dividends		(14	)		(66	)		(182	)		(320	)
Capital Share Transactions (All at $1.00 per share)
Class A:
Proceeds from Shares Issued		203,671			891,471			5,538,105			9,551,203
Reinvestment of Dividends & Distributions		4			42			47			103
Cost of Shares Redeemed		(199,532	)		(977,021	)		(5,263,746	)		(9,320,079	)
Net Increase (Decrease) from Class A Transactions		4,143			(85,508	)		274,406			231,227
Class B:
Proceeds from Shares Issued		193,552			296,758			299,951			629,955
Reinvestment of Dividends & Distributions		2			3			10			17
Cost of Shares Redeemed		(133,210	)		(302,176	)		(286,981	)		(616,727	)
Net Increase (Decrease) from Class B Transactions		60,344			(5,415	)		12,980			13,245
Class C:
Proceeds from Shares Issued		94,918			222,996			230,569			206,169
Reinvestment of Dividends & Distributions		—			1			—			—
Cost of Shares Redeemed		(92,064	)		(229,882	)		(235,424	)		(208,466	)
Net Increase (Decrease) from Class C Transactions		2,854			(6,885	)		(4,855	)		(2,297	)
Class H:
Proceeds from Shares Issued		N/A			N/A			N/A			N/A
Reinvestment of Dividends & Distributions		N/A			N/A			N/A			N/A
Cost of Shares Redeemed		N/A			N/A			N/A			N/A
Net Decrease from Class H Transactions		N/A			N/A			N/A			N/A
Sweep Class:
Proceeds from Shares Issued		161,726			267,166			93,328			322,485
Reinvestment of Dividends & Distributions		—			—			7			8
Cost of Shares Redeemed		(157,631	)		(265,645	)		(152,567	)		(247,078	)
Net Increase (Decrease) from Sweep Class Transactions		4,095			1,521			(59,232	)		75,415
Net Increase (Decrease) in Net Assets from Capital Shares Transactions		71,436			(96,287	)		223,299			317,590
Net Increase (Decrease) in Net Assets		71,436			(96,287	)		223,299			317,590
Net Assets:
Beginning of Period		271,131			367,418			1,791,306			1,473,716
End of Period	$	342,567		$	271,131		$	2,014,605		$	1,791,306
Undistributed (Distributions in Excess of) Net Investment Income	$	2		$	2		$	—		$	—

Amounts designated as “—” are zero or have been rounded to zero

N/A — Not applicable. Class H and Sweep Class currently not offered.

The accompanying notes are an integral part of the financial statements.

44 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Government II Fund						Prime Obligation Fund						Treasury Fund						Treasury II Fund
2/1/14-7/31/14			2/1/13-1/31/14			2/1/14-7/31/14			2/1/13-1/31/14			2/1/14-7/31/14			2/1/13-1/31/14			2/1/14-7/31/14			2/1/13-1/31/14
$	67		$	125		$	228		$	508		$	18		$	31		$	35		$	73
	1			2			2			2			—			2			1			12
	68			127			230			510			18			33			36			85
	(57	)		(109	)		(221	)		(490	)		(6	)		(6	)		(22	)		(44	)
	(9	)		(19	)		(5	)		(11	)		(5	)		(11	)		(12	)		(28	)
	(1	)		(1	)		(1	)		(4	)		(1	)		(1	)		(1	)		(1	)
	—			—			(1	)		(2	)		—			—			—			—
	—			—			—			(1	)		(6	)		(13	)		—			—
	(67	)		(129	)		(228	)		(508	)		(18	)		(31	)		(35	)		(73	)
	1,403,448			2,983,443			16,529,044			35,446,083			475,748			504,410			849,511			1,638,660
	5			12			81			137			4			4			10			16
	(1,653,156	)		(2,974,396	)		(16,118,157	)		(34,952,725	)		(396,680	)		(540,438	)		(832,637	)		(1,658,851	)
	(249,703	)		9,059			410,968			493,495			79,072			(36,024	)		16,884			(20,175	)
	503,289			1,043,529			190,974			531,022			301,172			616,354			410,115			1,071,233
	5			13			1			4			4			8			1			3
	(498,602	)		(1,074,445	)		(207,331	)		(558,779	)		(293,872	)		(615,325	)		(465,106	)		(1,154,284	)
	4,692			(30,903	)		(16,356	)		(27,753	)		7,304			1,037			(54,990	)		(83,048	)
	52,501			155,543			120,986			254,032			27,619			103,433			21,321			42,099
	1			—			—			1			—			—			—			—
	(58,209	)		(143,834	)		(115,383	)		(270,388	)		(23,835	)		(102,162	)		(20,666	)		(32,636	)
	(5,707	)		11,709			5,603			(16,355	)		3,784			1,271			655			9,463
	N/A			N/A			15,762			55,377			N/A			N/A			N/A			N/A
	N/A			N/A			1			2			N/A			N/A			N/A			N/A
	N/A			N/A			(18,934	)		(60,007	)		N/A			N/A			N/A			N/A
	N/A			N/A			(3,171	)		(4,628	)		N/A			N/A			N/A			N/A
	N/A			N/A			10,066			31,245			81,550			224,093			N/A			N/A
	N/A			N/A			—			—			—			—			N/A			N/A
	N/A			N/A			(11,175	)		(30,424	)		(81,648	)		(224,333	)		N/A			N/A
	N/A			N/A			(1,109	)		821			(98	)		(240	)		N/A			N/A
	(250,718	)		(10,135	)		395,935			445,580			90,062			(33,956	)		(37,451	)		(93,760	)
	(250,717	)		(10,137	)		395,937			445,582			90,062			(33,954	)		(37,450	)		(93,748	)
	1,440,820			1,450,957			4,342,582			3,897,000			294,566			328,520			703,704			797,452
$	1,190,103		$	1,440,820		$	4,738,519		$	4,342,582		$	384,628		$	294,566		$	666,254		$	703,704
$	(5	)	$	(5	)	$	—		$	—		$	—		$	—		$	11		$	11

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 45

Statements of Changes in Net Assets ($ Thousands)

For the six months ended July 31, 2014 (Unaudited) and the year ended January 31

	Ultra Short Duration Bond Fund
	2/1/14-7/31/14			2/1/13-1/31/14
Operations:
Net Investment Income	$	833		$	1,507
Net Realized Gain (Loss) on Investments and Futures Contracts		196			413
Net Change in Unrealized Appreciation (Depreciation) on Investments and Futures Contracts		54			(163	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,083			1,757
Dividends to Shareholders:
Net Investment Income		(1,050	)		(2,035	)
Total Dividends		(1,050	)		(2,035	)
Capital Share Transactions:
Class A:
Proceeds from Shares Issued		35,394			202,670
Reinvestment of Dividends & Distributions		822			1,524
Cost of Shares Redeemed		(47,375	)		(173,702	)
Net Increase (Decrease) from Class A Transactions		(11,159	)		30,492
Net Increase (Decrease) in Net Assets		(11,126	)		30,214
NET ASSETS:
Beginning of Period		271,221			241,007
End of Period	$	260,095		$	271,221
Undistibuted (Distributions in Excess of) Net Investment Income	$	(217	)	$	—
Capital Share Transactions:
Class A:
Shares Issued		3,781			21,679
Reinvestment of Distributions		88			163
Shares Redeemed		(5,062	)		(18,566	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(1,193	)		3,276

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

The accompanying notes are an integral part of the financial statements.

46 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

Short-Duration Government Fund						Intermediate-Duration Government Fund						GNMA Fund
2/1/14-7/31/14			2/1/13-1/31/14			2/1/14-7/31/14			2/1/13-1/31/14			2/1/14-7/31/14			2/1/13-1/31/14
$	2,958		$	4,121		$	242		$	516		$	740		$	1,487
	(1,052	)		720			(58	)		(147	)		3,601			(1,974	)
	(119	)		(4,850	)		(12	)		(584	)		(1,854	)		(1,914	)
	1,787			(9	)		172			(215	)		2,487			(2,401	)
	(3,779	)		(6,916	)		(283	)		(643	)		(1,039	)		(3,835	)
	(3,779	)		(6,916	)		(283	)		(643	)		(1,039	)		(3,835	)
	139,450			493,186			3,567			13,559			12,776			52,341
	3,256			6,044			221			539			860			3,275
	(139,648	)		(441,666	)		(6,551	)		(26,050	)		(63,236	)		(195,133	)
	3,058			57,564			(2,763	)		(11,952	)		(49,600	)		(139,517	)
	1,066			50,639			(2,874	)		(12,810	)		(48,152	)		(145,753	)
	761,739			711,100			24,713			37,523			158,672			304,425
$	762,805		$	761,739		$	21,839		$	24,713		$	110,520		$	158,672
$	(244	)	$	577		$	29		$	70		$	(303	)	$	(4	)
	13,267			46,785			308			1,154			1,218			4,962
	310			574			19			46			81			312
	(13,282	)		(41,924	)		(564	)		(2,233	)		(5,993	)		(18,601	)
	295			5,435			(237	)		(1,033	)		(4,694	)		(13,327	)

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 47

Financial Highlights

For the six months ended July 31, 2014 (Unaudited) and for the years ending January 31, 2014

For a Share Outstanding Throughout the Period

	Net Asset Value, Beginning of Period		Net Investment Income*		Net Realized and Unrealized Gains (Losses)  on Securities		Total from Operations		Dividends from Net Investment Income			Distributions from Realized Capital Gains			Total Dividends			Net Asset Value, End of Period		Total Return†			Net Assets End of Period ($ Thousands)		Ratio of Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Waivers)			Ratio of Net Investment Income to Average Net Assets
Money Market Fund
Class A
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	—	(1)	$	1.00		0.00	%(4)	$	173,701		0.15	%(3)		0.67	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.01			169,555		0.17	(3)		0.67			0.02
2013		1.00		—		—		—		—	(1)		—	(1)		—	(1)		1.00		0.09			255,063		0.18			0.68			0.09
2012		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.06			146,460		0.18			0.68			0.06
2011		1.00		—		—		—		—	(1)		—	(1)		—	(1)		1.00		0.14			214,779		0.18			0.68			0.14
2010		1.00		—		—		—		—	(1)		—	(1)		—	(1)		1.00		0.31			228,375		0.24	(2)		0.70			0.35
Class B
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	—	(1)	$	1.00		0.00	%(4)	$	115,006		0.15	%(3)		0.72	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.01			54,654		0.18	(3)		0.73			0.01
2013		1.00		—		—		—		—	(1)		—	(1)		—	(1)		1.00		0.01			60,069		0.26	(3)		0.73			0.01
2012		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.01			73,035		0.23	(3)		0.73			0.01
2011		1.00		—		—		—		—	(1)		—	(1)		—	(1)		1.00		0.01			39,352		0.30	(3)		0.80			0.01
2010		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.15			51,142		0.44	(2)(3)		0.76			0.19
Class C
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	—	(1)	$	1.00		0.00	%(4)	$	28,295		0.15	%(3)		0.92	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.01			25,428		0.18	(3)		0.93			0.01
2013		1.00		—		—		—		—	(1)		—	(1)		—	(1)		1.00		0.01			32,314		0.26	(3)		0.93			0.01
2012		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.01			33,110		0.23	(3)		0.93			0.01
2011		1.00		—		—		—		—	(1)		—	(1)		—	(1)		1.00		0.01			52,876		0.30	(3)		0.80			0.01
2010		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.08			74,047		0.49	(2)(3)		0.95			0.10
Sweep Class
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	—	(1)	$	1.00		0.00	%(4)	$	25,565		0.15	%(3)		1.17	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.01			21,494		0.18	(3)		1.18			0.01
2013		1.00		—		—		—		—	(1)		—	(1)		—	(1)		1.00		0.01			19,972		0.26	(3)		1.18			0.01
2012		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.01			22,701		0.23	(3)		1.18			0.01
2011		1.00		—		—		—		—	(1)		—	(1)		—	(1)		1.00		0.01			26,603		0.31			0.81			0.01
2010		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.07			28,445		0.52	(2)(3)		1.20			0.08
Government Fund
Class A
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	—	(1)	$	1.00		0.01	%	$	1,797,968		0.07	%(3)		0.58	%		0.02	%
2014		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.02			1,523,561		0.09	(3)		0.58			0.02
2013		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.02			1,292,334		0.16	(3)		0.59			0.02
2012		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.05			1,054,551		0.10	(3)		0.59			0.05
2011		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.05			633,160		0.17	(3)		0.59			0.05
2010		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.14			825,341		0.20	(2)		0.57			0.16
Class B
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	—	(1)	$	1.00		0.01	%	$	159,918		0.07	%(3)		0.63	%		0.02	%
2014		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.02			146,938		0.09	(3)		0.63			0.02
2013		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.02			133,693		0.16	(3)		0.64			0.02
2012		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.05			120,664		0.09	(3)		0.64			0.05
2011		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.05			334,209		0.16	(3)		0.64			0.05
2010		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.07			427,711		0.28	(2)(3)		0.62			0.07
Class C
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	—	(1)	$	1.00		0.01	%	$	5,400		0.07	%(3)		0.83	%		0.02	%
2014		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.02			10,255		0.09	(3)		0.83			0.02
2013		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.02			12,552		0.16	(3)		0.84			0.02
2012		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.05			8,036		0.10	(3)		0.84			0.05
2011		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.05			55,406		0.17	(3)		0.84			0.05
2010		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.06			59,565		0.31	(2)(3)		0.82			0.07
Sweep Class
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	—	(1)	$	1.00		0.01	%	$	51,319		0.07	%(3)		1.08	%		0.02	%
2014		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.02			110,552		0.09	(3)		1.08			0.02
2013		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.02			35,137		0.16	(3)		1.09			0.02
2012		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.05			27,234		0.09	(3)		1.09			0.05
2011		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.05			25,158		0.16	(3)		1.09			0.05
2010		1.00		—		—		—		—	(1)		—			—	(1)		1.00		0.06			30,018		0.30	(2)(3)		1.07			0.07

Amounts designated as ‘‘—’’ are zero or have been rounded to zero.

(1) Amount represents less than $0.01 per share.

(2) The expense ratio includes the Treasury Guarantee Program expense. The Fund participated in the Temporary Guarantee Program for Money Market Funds from September 18, 2008 through September 18, 2009. Had the expense been excluded, the expense ratio would have been equal to, or less than, the expense ratio cap figure. See Note 3 for expense ratio cap figure.

(3) The Distributor and/or Administrator have voluntarily agreed to waive and reduce its fee and/or reimburse certain expenses of the Fund in order to limit the one-day net income yield of the Fund to not less than 0.01% of the Fund’s average daily net assets of the share class. Had these waivers and the Treasury Guarantee Program expense been excluded the ratio would have been at the expense ratio cap figure. See Note 3 for expense ratio cap figure.

(4) Amount represents less than 0.01%.

* Per share calculations were performed using average shares.

@ For the six month period ended July 31, 2014. All ratios for the period have been annualized.

† Returns are for the period indicated and have not been annualized. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

The accompanying notes are an integral part of the financial statements.

48 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

	Net Asset Value, Beginning of Period		Net Investment Income*		Net Realized and Unrealized Gains (Losses) on Securities			Total from Operations		Dividends from Net Investment Income			Distributions from Realized Capital Gains			Net Asset Value, End of Period		Total Return†			Net Assets End of Period ($ Thousands)		Ratio of Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Waivers)			Ratio of Net Investment Income to Average Net Assets
Government II Fund
Class A
2014@	$	1.00	$	—	$	—		$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	996,560		0.07	%(3)		0.53	%		0.01	%
2014		1.00		—		—			—		—	(1)		—			1.00		0.01			1,246,262		0.09	(3)		0.53			0.01
2013		1.00		—		—			—		—	(1)		—	(1)		1.00		0.01			1,237,205		0.12	(3)		0.54			0.01
2012		1.00		—		—			—		—	(1)		—			1.00		0.01			1,308,018		0.09	(3)		0.54			0.01
2011		1.00		—		—			—		—	(1)		—			1.00		0.01			1,233,569		0.16	(3)		0.54			0.01
2010		1.00		—		—			—		—	(1)		—			1.00		0.11			1,280,352		0.19	(2)		0.52			0.12
Class B
2014@	$	1.00	$	—	$	—		$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	178,420		0.07	%(3)		0.58	%		0.01	%
2014		1.00		—		—			—		—	(1)		—			1.00		0.01			173,727		0.09	(3)		0.58			0.01
2013		1.00		—		—			—		—	(1)		—	(1)		1.00		0.01			204,630		0.12	(3)		0.59			0.01
2012		1.00		—		—			—		—	(1)		—			1.00		0.01			166,481		0.09	(3)		0.59			0.01
2011		1.00		—		—			—		—	(1)		—			1.00		0.01			119,864		0.16	(3)		0.59			0.01
2010		1.00		—		—			—		—	(1)		—			1.00		0.06			146,960		0.25	(2)		0.56			0.06
Class C
2014@	$	1.00	$	—	$	—		$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	15,123		0.07	%(3)		0.78	%		0.01	%
2014		1.00		—		—			—		—	(1)		—			1.00		0.00			20,831		0.09	(3)		0.78			0.01
2013		1.00		—		—			—		—	(1)		—	(1)		1.00		0.01			9,122		0.12	(3)		0.79			0.01
2012		1.00		—		—			—		—	(1)		—			1.00		0.01			5,408		0.10	(3)		0.79			0.01
2011		1.00		—		—			—		—	(1)		—			1.00		0.01			9,460		0.16	(3)		0.79			0.01
2010		1.00		—		—			—		—	(1)		—			1.00		0.06			5,252		0.28	(2)(3)		0.77			0.06
Prime Obligation Fund
Class A
2014@	$	1.00	$	—	$	—		$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	4,619,186		0.15	%(3)		0.53	%		0.01	%
2014		1.00		—		—			—		—	(1)		—			1.00		0.01			4,208,216		0.17	(3)		0.53			0.01
2013		1.00		—		—			—		—	(1)		—			1.00		0.07			3,714,719		0.20	(3)		0.54			0.07
2012		1.00		—		—			—		—	(1)		—			1.00		0.04			4,107,485		0.20	(3)		0.54			0.04
2011		1.00		—		—			—		—	(1)		—			1.00		0.11			3,144,153		0.20	(3)		0.54			0.12
2010		1.00		—		(0.04	)		—		—	(1)		—			1.00		0.20	††		3,158,830		0.23	(2)		0.53			0.26
Class B
2014@	$	1.00	$	—	$	—		$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	75,472		0.15	%(3)		0.58	%		0.01	%
2014		1.00		—		—			—		—	(1)		—			1.00		0.01			91,828		0.18	(3)		0.59			0.01
2013		1.00		—		—			—		—	(1)		—			1.00		0.01			119,581		0.26	(3)		0.59			0.01
2012		1.00		—		—			—		—	(1)		—			1.00		0.01			135,978		0.23	(3)		0.59			0.01
2011		1.00		—		—			—		—	(1)		—			1.00		0.01			135,319		0.31	(3)		0.59			0.01
2010		1.00		—		(0.04	)		—		—	(1)		—			1.00		0.07	††		182,593		0.38	(2)(3)		0.58			0.15
Class C
2014@	$	1.00	$	—	$	—		$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	23,350		0.15	%(3)		0.78	%		0.01	%
2014		1.00		—		—			—		—	(1)		—			1.00		0.01			17,747		0.18	(3)		0.79			0.01
2013		1.00		—		—			—		—	(1)		—			1.00		0.01			34,102		0.26	(3)		0.79			0.01
2012		1.00		—		—			—		—	(1)		—			1.00		0.01			42,051		0.23	(3)		0.79			0.01
2011		1.00		—		—			—		—	(1)		—			1.00		0.01			56,037		0.30	(3)		0.79			0.01
2010		1.00		—		(0.04	)		—		—	(1)		—			1.00		0.06	††		95,092		0.39	(2)(3)		0.78			0.14
Class H
2014@	$	1.00	$	—	$	—		$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	17,631		0.15	%(3)		0.71	%		0.01	%
2014		1.00		—		—			—		—	(1)		—			1.00		0.01			20,801		0.18	(3)		0.71			0.01
2013		1.00		—		—			—		—	(1)		—			1.00		0.01			25,429		0.26	(3)		0.72			0.01
2012		1.00		—		—			—		—	(1)		—			1.00		0.01			25,646		0.23	(3)		0.72			0.01
2011		1.00		—		—			—		—	(1)		—			1.00		0.01			24,405		0.30	(3)		0.72			0.01
2010		1.00		—		(0.04	)		—		—	(1)		—			1.00		0.02	††		31,797		0.43	(2)(3)		0.71			0.09
Sweep Class
2014@	$	1.00	$	—	$	—		$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	2,880		0.15	%(3)		1.03	%		0.01	%
2014		1.00		—		—			—		—	(1)		—			1.00		0.01			3,990		0.18	(3)		1.03			0.01
2013		1.00		—		—			—		—	(1)		—			1.00		0.01			3,169		0.26	(3)		1.04			0.01
2012		1.00		—		—			—		—	(1)		—			1.00		0.01			4,170		0.23	(3)		1.04			0.01
2011		1.00		—		—			—		—	(1)		—			1.00		0.01			4,710		0.30	(3)		1.04			0.01
2010		1.00		—		(0.04	)		—		—	(1)		—			1.00		0.06	††		31,787		0.39	(2)(3)		1.03			0.14

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

(1) Amount represents less than $0.01 per share.

(2) The expense ratio includes the Treasury Guarantee Program expense. The Fund participated in the Temporary Guarantee Program for Money Market Funds from September 18, 2008 through September 18, 2009. Had the expense been excluded, the expense ratio would have been equal to, or less than, the expense ratio cap figure. See Note 3 for expense ratio cap figure.

(3) The Distributor and/or Administrator have voluntarily agreed to waive and reduce its fee and/or reimburse certain expenses of the Fund in order to limit the one-day net income yield of the Fund to not less than 0.01% of the Fund’s average daily net assets of the share class. Had these waivers and the Treasury Guarantee Program expense been excluded the ratio would have been at the expense ratio cap figure. See Note 3 for expense ratio cap figure.

* Per share calculations were performed using average shares.

(4) Amount represents less than 0.01%.

† Returns are for the period indicated and have not been annualized. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

†† The total return includes payment by affiliate. Had the payment been excluded the total return would have been (3.28)%, (3.41)%, (3.42)%, (3.45)% and (3.42)% for Class A, Class B, Class C, Class H and Sweep Class, respectively. See Note 3 in Notes to Financial Statements.

@ For the six month period ended July 31, 2014. All ratios for the period have been annualized.

The accompanying notes are an integral part of the financial statements.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 49

Financial Highlights

For the six months ended July 31, 2014 (Unaudited) and for the years ending January 31, 2014

For a Share Outstanding Throughout the Period

	Net Asset Value, Beginning of Period		Net Investment Income*		Net Realized and Unrealized Gains (Losses)  on Securities		Total from Operations		Dividends from Net Investment Income			Distributions from Realized Capital Gains			Net Asset Value, End of Period		Total Return†			Net Assets End of Period ($ Thousands)		Ratio of Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Waivers)			Ratio of Net Investment Income to Average Net Assets
Treasury Fund
Class A
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	125,398		0.05	%(3)		0.58	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			1.00		0.01			46,315		0.08	(3)		0.59			0.01
2013		1.00		—		—		—		—	(1)		—			1.00		0.01			82,339		0.14	(3)		0.59			0.01
2012		1.00		—		—		—		—	(1)		—			1.00		0.01			199,520		0.08	(3)		0.59			0.01
2011		1.00		—		—		—		—	(1)		—			1.00		0.02			175,749		0.18	(3)		0.59			0.02
2010		1.00		—		—		—		—	(1)		—			1.00		0.07			295,695		0.17	(2)		0.56			0.07
Class B
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	116,950		0.05	%(3)		0.63	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			1.00		0.01			109,643		0.08	(3)		0.63			0.01
2013		1.00		—		—		—		—	(1)		—			1.00		0.01			108,605		0.14	(3)		0.64			0.01
2012		1.00		—		—		—		—	(1)		—			1.00		0.01			114,026		0.08	(3)		0.64			0.01
2011		1.00		—		—		—		—	(1)		—			1.00		0.01			178,769		0.19	(3)		0.64			0.01
2010		1.00		—		—		—		—	(1)		—			1.00		0.06			184,127		0.20	(2)(3)		0.61			0.06
Class C
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	16,037		0.05	%(3)		0.83	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			1.00		0.01			12,254		0.08	(3)		0.84			0.01
2013		1.00		—		—		—		—	(1)		—			1.00		0.01			10,983		0.14	(3)		0.84			0.01
2012		1.00		—		—		—		—	(1)		—			1.00		0.01			6,984		0.08	(3)		0.84			0.01
2011		1.00		—		—		—		—	(1)		—			1.00		0.01			10,948		0.18	(3)		0.84			0.01
2010		1.00		—		—		—		—	(1)		—			1.00		0.06			26,423		0.20	(2)(3)		0.81			0.06
Sweep Class
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	126,243		0.05	%(3)		1.08	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			1.00		0.01			126,354		0.08	(3)		1.08			0.01
2013		1.00		—		—		—		—	(1)		—			1.00		0.01			126,593		0.14	(3)		1.09			0.01
2012		1.00		—		—		—		—	(1)		—			1.00		0.01			137,336		0.08	(3)		1.09			0.01
2011		1.00		—		—		—		—	(1)		—			1.00		0.01			129,514		0.19	(3)		1.09			0.01
2010		1.00		—		—		—		—	(1)		—			1.00		0.06			138,438		0.18	(2)(3)		1.06			0.06
Treasury II Fund
Class A
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	457,344		0.04	%(3)		0.58	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			1.00		0.01			440,422		0.06	(3)		0.58			0.01
2013		1.00		—		—		—		—	(1)		—	(1)		1.00		0.01			460,590		0.08	(3)		0.59			0.01
2012		1.00		—		—		—		—	(1)		—			1.00		0.01			472,352		0.05	(3)		0.59			0.01
2011		1.00		—		—		—		—	(1)		—			1.00		0.01			287,823		0.12	(3)		0.59			0.01
2010		1.00		—		—		—		—	(1)		—			1.00		0.04			436,276		0.12	(2)		0.55			0.04
Class B
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	192,807		0.04	%(3)		0.63	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			1.00		0.01			247,836		0.06	(3)		0.63			0.01
2013		1.00		—		—		—		—	(1)		—	(1)		1.00		0.01			330,880		0.08	(3)		0.64			0.01
2012		1.00		—		—		—		—	(1)		—			1.00		0.01			395,099		0.05	(3)		0.64			0.01
2011		1.00		—		—		—		—	(1)		—			1.00		0.01			178,037		0.12	(3)		0.64			0.01
2010		1.00		—		—		—		—	(1)		—			1.00		0.04			165,266		0.12	(2)(3)		0.60			0.04
Class C
2014@	$	1.00	$	—	$	—	$	—	$	—	(1)	$	—		$	1.00		0.00	%(4)	$	16,103		0.04	%(3)		0.83	%		0.01	%
2014		1.00		—		—		—		—	(1)		—			1.00		0.01			15,446		0.06	(3)		0.84			0.01
2013		1.00		—		—		—		—	(1)		—	(1)		1.00		0.01			5,982		0.08	(3)		0.84			0.01
2012		1.00		—		—		—		—	(1)		—			1.00		0.01			5,924		0.05	(3)		0.84			0.01
2011		1.00		—		—		—		—	(1)		—			1.00		0.01			6,183		0.12	(3)		0.84			0.01
2010		1.00		—		—		—		—	(1)		—			1.00		0.04			8,619		0.12	(2)(3)		0.80			0.04

Amounts designated as ‘‘—’’ are zero or have been rounded to zero.

(1) Amount represents less than $0.01 per share.

(2) The expense ratio includes the Treasury Guarantee Program expense. The Fund participated in the Temporary Guarantee Program for Money Market Funds from September 18, 2008 through September 18, 2009. Had the expense been excluded, the expense ratio would have been equal to, or less than, the expense ratio cap figure. See Note 3 for expense ratio cap figure.

(3) The Distributor and/or Administrator have voluntarily agreed to waive and reduce its fee and/or reimburse certain expenses of the Fund in order to limit the one-day net income yield of the Fund to not less than 0.01% of the Fund’s average daily net assets of the share class. Had these waivers and the Treasury Guarantee Program expense been excluded the ratio would have been at the expense ratio cap figure. See Note 3 for expense ratio cap figure.

(4) Amount represents less than 0.01%.

* Per share calculations were performed using average shares.

† Returns are for the period indicated and have not been annualized. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

@ For the six month period ended July 31, 2014. All ratios for the period have been annualized.

The accompanying notes are an integral part of the financial statements.

50 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

	Net Asset Value, Beginning of Period		Net Investment Income*		Net Realized and Unrealized Gains (Losses)  on Securities			Total from Operations			Dividends from Net Investment Income			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return†			Net Assets End of Period ($ Thousands)		Ratio of Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Waivers)			Ratio of Net Investment Income to Average Net Assets			Portfolio Turnover Rate†
Ultra Short Duration Bond Fund
Class A
2014@	$	9.35	$	0.03	$	0.01		$	0.04		$	(0.04	)	$	—		$	(0.04	)	$	9.35		0.40	%	$	260,095		0.38	%		0.74	%		0.64	%		59	%
2014		9.37		0.06		—			0.06			(0.08	)		—			(0.08	)		9.35		0.64			271,221		0.38			0.73			0.63			131
2013		9.26		0.08		0.13			0.21			(0.10	)		—			(0.10	)		9.37		2.31			241,007		0.38			0.74			0.85			197
2012		9.33		0.10		(0.05	)		0.05			(0.12	)		—			(0.12	)		9.26		0.55			255,002		0.38			0.74			1.08			177
2011		9.24		0.13		0.12			0.25			(0.16	)		—			(0.16	)		9.33		2.74			465,612		0.38			0.74			1.37			78
2010		8.51		0.24		0.73			0.97			(0.24	)		—			(0.24	)		9.24		11.58			257,238		0.38			0.75			2.72			73
Short-Duration Government Fund
Class A
2014@	$	10.52	$	0.04	$	(0.02	)	$	0.02		$	(0.05	)	$	—		$	(0.05	)	$	10.49		0.21	%	$	762,805		0.48	%		0.74	%		0.79	%		78	%
2014		10.62		0.06		(0.06	)		0.00			(0.10	)		—			(0.10	)		10.52		(0.01	)		761,739		0.48			0.73			0.56			565
2013		10.72		0.06		0.04			0.10			(0.10	)		(0.10	)		(0.20	)		10.62		0.92			711,100		0.48			0.74			0.55			628
2012		10.59		0.09		0.17			0.26			(0.12	)		(0.01	)		(0.13	)		10.72		2.53			739,126		0.48			0.74			0.85			712
2011		10.52		0.09		0.18			0.27			(0.14	)		(0.06	)		(0.20	)		10.59		2.59			867,313		0.48			0.72			0.84			521
2010		10.25		0.21		0.29			0.50			(0.23	)		—			(0.23	)		10.52		4.94			377,088		0.48			0.75			2.02			347
Intermediate-Duration Government Fund
Class A
2014@	$	11.63	$	0.12	$	(0.04	)	$	0.08		$	(0.14	)	$	—		$	(0.14	)	$	11.57		0.67	%	$	21,839		0.53	%		0.80	%		2.04	%		81	%
2014		11.89		0.19		(0.21	)		(0.02	)		(0.24	)		—			(0.24	)		11.63		(0.14	)		24,713		0.53			0.72			1.64			373
2013		11.91		0.16		0.03			0.19			(0.21	)		—			(0.21	)		11.89		1.63			37,523		0.53			0.73			1.33			740
2012		11.32		0.17		0.64			0.81			(0.22	)		—	(1)		(0.22	)		11.91		7.22			71,458		0.53			0.74			1.47			726
2011		11.24		0.13		0.39			0.52			(0.19	)		(0.25	)		(0.44	)		11.32		4.62			187,944		0.53			0.72			1.14			590
2010		11.20		0.32		0.41			0.73			(0.32	)		(0.37	)		(0.69	)		11.24		6.61			62,977		0.53			0.76			2.82			213
GNMA Fund
Class A
2014@	$	10.50	$	0.06	$	0.13		$	0.19		$	(0.08	)	$	—		$	(0.08	)	$	10.61		1.80	%	$	110,520		0.63	%		0.72	%		1.11	%		375	%
2014		10.70		0.07		(0.09	)		(0.02	)		(0.18	)		—			(0.18	)		10.50		(0.14	)		158,672		0.63			0.70			0.68			758
2013		10.91		0.09		0.13			0.22			(0.19	)		(0.24	)		(0.43	)		10.70		1.98			304,425		0.63			0.70			0.83			867
2012		10.58		0.02		0.83			0.85			(0.13	)		(0.39	)		(0.52	)		10.91		8.09			243,016		0.63			0.70			0.22			1,515
2011		10.28		0.13		0.49			0.62			(0.16	)		(0.16	)		(0.32	)		10.58		6.06			334,415		0.63			0.70			1.27			1,024
2010		9.84		0.32		0.47			0.79			(0.35	)		—			(0.35	)		10.28		8.18			198,914		0.63			0.72			3.16			533

Amounts designated as ‘‘—’’ are zero or have been rounded to zero.

(1) Amount represents less than $0.01 per share.

* Per share calculations were performed using average shares.

† Returns and turnover are for the period indicated and have not been annualized. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

@ For the six month period ended July 31, 2014. All ratios for the period have been annualized.

The accompanying notes are an integral part of the financial statements.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 51

Notes to Financial Statements (Unaudited)

July 31, 2014

1. ORGANIZATION

SEI Daily Income Trust (the “Trust”) was organized as a Massachusetts business trust under a Declaration of Trust dated March 15, 1982.

The Trust is registered under the Investment Company Act of 1940, as amended, as a diversified, open-end investment company with ten operational Funds: the Money Market, Government, Government II, Prime Obligation, Treasury and Treasury II (each a “Fund,” collectively the “Money Market Funds”), the Ultra Short Duration Bond, Short-Duration Government, Intermediate-Duration Government and GNMA (each a “Fund,” collectively the “Fixed Income Funds”). The Trust is registered to offer: Class A shares of the Funds; Class B and Class C shares of the Money Market, Prime Obligation, Government, Government II, Treasury and Treasury II Funds; Class G shares of the Ultra Short Duration Bond Fund; Class H shares of the Prime Obligation Fund; and Sweep Class shares of the Money Market, Prime Obligation, Government and Treasury Funds. The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held. The Funds’ prospectuses provide a description of each Fund’s investment objective and strategies.

2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed by the Funds.

Use of Estimates — The preparation of financial statements, in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Security Valuation — Investment securities of the Money Market Funds are stated at amortized cost, which approximates market value. Under this valuation method, purchase discounts and premiums are accreted and amortized ratably to maturity and are included in interest income. The Fund’s use of amortized cost is subject to its compliance with certain conditions as specified by Rule 2a-7 of the 1940 Act.

Investment securities of the Fixed Income Funds listed on a securities exchange, market or automated quotation system for which quotations are readily available are valued at the last quoted sale price on the primary exchange or market on which they are traded, or, if there is no such reported sale, at the most recent quoted bid price. If available, debt securities are priced based upon valuations provided by independent third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of sixty days or less may be valued at

their amortized cost, which approximates market value. Prices for most securities held in the Funds are provided daily by recognized independent pricing agents. If a security price cannot be obtained from an independent third-party pricing agent, the Fixed Income Funds seek to obtain a bid price from at least one independent broker.

Securities for which market prices are not “readily available” are valued in accordance with Fair Value Procedures established by the Trust’s Board of Trustees. The Trust’s Fair Value Procedures are implemented through a Fair Value Committee (the “Committee”) designated by the Funds’ Board of Trustees. Some of the more common reasons that may necessitate that a security be valued using Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when under normal conditions it would be open; or the security’s primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration relevant information reasonably available to the Committee. As of July 31, 2014, there were no fair valued securities in the Funds.

In accordance with U.S. GAAP, fair value is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three tier hierarchy has been established to maximize the use of observable and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing an asset. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad Levels listed below:

Level 1 — Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date;

Level 2 — Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

Level 3 — Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified

52 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

For the six month period ended July 31, 2014, there have been no significant changes to the Trust’s fair valuation methodologies.

Security Transactions and Investment Income — Security transactions are recorded on the trade date. Costs used in determining net realized capital gains and losses on the sale of securities are on the basis of specific identification. Dividend income is recognized on the ex-dividend date, and interest income is recognized using the accrual basis of accounting. Income from payment-in-kind securities is recorded daily based on the effective interest method of accrual.

Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain. The Trust estimates the components of distributions received that may be considered nontaxable distributions or capital gain distributions.

For the Fixed Income Funds, amortization and accretion is calculated using the scientific interest method, which approximates the effective interest method over the holding period of the security. Amortization of premiums and discounts is included in interest income.

For the Money Market Funds, all amortization is calculated using the straight line method over the holding period of the security. Amortization of premiums and accretion of discounts are included in interest income.

Repurchase Agreements — To the extent consistent with its Investment Objective and Strategies, securities pledged as collateral for repurchase agreements are held by each Fund’s custodian bank until the repurchase date of the repurchase agreement. The Funds also invest in tri-party repurchase agreements. Securities held as collateral for tri-party repurchase agreements are maintained by the broker’s custodian bank in a segregated account until the repurchase date of the repurchase agreement. Provisions of the repurchase agreements and the Trust’s policies require that the market value of the collateral, including accrued interest thereon, is sufficient in the event of default by the counterparty. If the counterparty defaults and the value of the collateral declines, or if the counterparty enters into an insolvency proceeding, realization of the collateral by the Funds may be delayed or limited.

It is the Funds’ policy to present the repurchase agreements contracts separately on the Statements of Assets and Liabilities, as the Funds do not have a master netting agreement with the counterparty to the repurchase agreements contracts. Refer to each Fund’s Schedule of Investments for details regarding repurchase agreements contracts as of July 31, 2014, if applicable.

Futures Contracts — To the extent consistent with its Investment Objective and Strategies, the Fixed Income Funds utilized futures contracts during the six month period ended July 31, 2014. These

Funds’ investments in futures contracts are designed to enable the Funds to more closely approximate the performance of their benchmark indices. The Funds chose to invest in futures contracts for tactical hedging purposes as well as to enhance the Funds’ returns. Initial margin deposits of cash or securities are made upon entering into futures contracts. The contracts are marked to market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin payments are paid or received, depending upon whether unrealized gains or losses are incurred. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.

Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. Second, it is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. Third, the futures contract involves the risk that the Fund could lose more than the original margin deposit required to initiate a futures transaction.

Finally, the risk exists that losses could exceed amounts disclosed on the Statements of Assets and Liabilities.

It is the Funds’ policy to present the gross variation margin payable and the gross variation margin receivable of the future contracts separately on the Statements of Assets and Liabilities, as the Funds do not have a master netting agreement with the counterparty to the futures contracts. Refer to each Fund’s Schedule of Investments for details regarding open future contracts as of July 31, 2014, if applicable. The fair value of interest rate futures contracts held in the Fixed Income Funds can be found on the Statements of Assets and Liabilities under the captions Receivable for Variation Margin and Payable for Variation Margin. Only current day’s variation margin is reported within the Statements of Assets and Liabilities. Cumulative appreciation/ depreciation of futures contracts are reported in the respective Fixed Income Funds’ Schedule of Investments. Realized gains or losses on interest rate futures contracts related to the Fixed Income Funds are recognized on the Statements of Operations as part of Net Realized Gain (Loss) on Futures Contracts and any change in unrealized appreciation or depreciation is recognized on the Statements of Operations as Net Unrealized Gain (Loss) on Futures Contracts.

Swap Agreements — To the extent consistent with its Investment Objective and Strategies, a Fund’s investment in swap contracts is mainly used as an efficient means to take and manage risk in the portfolio, including interest rate risk, credit risk and overall yield sensitivity. A swap agreement is a two-party contract under which an agreement is made to exchange returns from predetermined investments or instruments, including a particular interest rate, foreign currency, or “basket” of securities representing a particular index. Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 53

Notes to Financial Statements (Unaudited) (Continued)

July 31, 2014

exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal. Credit-default swaps involve periodic payments by a Fund or counterparty based on a specified rate multiplied by a notional amount assigned to an underlying debt instrument or group of debt instruments in exchange for the assumption of credit risk on the same instruments. In the event of a credit event, usually in the form of a credit rating downgrade, the party receiving periodic payments (i.e. floating rate payer) must pay the other party (i.e. fixed rate payer) an amount equal to the recovery rate used to settle the contracts. The recovery rate is a function of how many credit default swap investors wish to deliver the security or receive the security. The recovery rate is determined through an auction process. Total return swaps allow an investor to benefit from the cash flow without ever actually owning the underlying security. The receiver must pay any decline in value to the payer at the end of the total return swap. However, the investor does not need to make a payment if there is no decline in price. Payments can be made on various indices, bonds (i.e. mortgage backed securities, bank debt and corporate), loans or commodities. The value of a total return swap is equal to the change in value of the underlying asset versus the accrued income payment based on LIBOR or some other form of indices on the notional amount. Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal to manage a Fund’s exposure to interest rates. Payments received or made are recorded as realized gains or loss. A Fund could be exposed to credit or market risk due to unfavorable changes in the fluctuation of interest rates or if the counterparty defaults on its obligation to perform. Risk of loss may exceed amounts recognized on the statement of assets and liabilities. Interest rate swap contracts outstanding at period end, if any, are listed after a Fund’s portfolio. In connection with swap agreements securities may be set aside as collateral by a Fund’s custodian. A Fund may enter into swap agreements in order to, among other things, change the maturity or duration of the investment portfolio, to protect a Fund’s value from changes in interest rates, or to expose a Fund to a different security or market.

Swaps are marked-to-market daily based upon quotations from market makers and the resulting changes in market values, if any, are recorded as an unrealized gain or loss in the Statement of Operations. Net payments of interest are recorded as realized gains or losses.

Entering into swap agreements involves, to varying degrees, elements of credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreement may default on its obligation to perform and that there may be unfavorable changes in the fluctuation of interest rates. Risks also arise from potential losses from adverse market movements.

This risk is mitigated by having a master netting arrangement between a Fund and the counterparty and by having the counterparty post

collateral to cover a Fund’s exposure to the counterparty. There were no outstanding swap agreements as of July 31, 2014.

Options Written/Purchased — To the extent consistent with its Investment Objective and Strategies, a Fund may invest in financial options contracts to add return or to hedge their existing portfolio securities. When the Fund writes or purchases an option, an amount equal to the premium received or paid by the Fund is recorded as a liability or an asset and is subsequently adjusted to the current market value of the option written or purchased. Premiums received or paid from purchasing or writing options which expire unexercised are treated by the Fund on the expiration date as realized gains or losses. The difference between the premium and the amount paid or received on effecting a closing purchase or sale transaction, including brokerage commissions, is also treated as a realized gain or loss. If an option is exercised, the premium paid or received is added to the cost of the purchase or proceeds from the sale in determining whether the Fund has realized a gain or a loss. The risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases. The risk in writing a put option is that the Fund may incur a loss if the market price of the security decreases and the option is exercised. The risk in purchasing an option is that the Fund pays a premium whether or not the option is exercised. The Fund also has the additional risk of being unable to enter into a closing transaction at an acceptable price if a liquid secondary market does not exist. Option contracts also involve the risk that they may not work as intended due to unanticipated developments in market conditions or other causes. Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities. There were no outstanding options contracts as of July 31, 2014.

TBA Purchase Commitments — To the extent consistent with its Investment Objective and Strategies, a Fixed Income Fund may engage in “to be announced” (“TBA”) purchase commitments to purchase securities for a fixed price at a future date. TBA purchase commitments may be considered securities and involve a risk of loss if the value of the security to be purchased declines prior to settlement date, which risk is in addition to the risk of decline in the value of a Fund’s other assets. Unsettled TBA purchase commitments are valued at the current market value of the underlying securities, according to the procedures described under “Security Valuation” above.

Collateralized Debt Obligations — To the extent consistent with its Investment Objective and Strategies, a Fund may invest in collateralized debt obligations (“CDOs”), which include collateralized loan obligations (“CLOs”) and other similarly structured securities. CLOs are a type of asset-backed securities. A CLO is a trust typically collateralized by a pool of loans, which may include, among others, domestic and foreign senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans. CDOs may charge management fees and administrative expenses.

54 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

For CDOs, the cashflows from the trust are split into two or more portions, called tranches, varying in risk and yield. The riskiest portion is the “equity” tranche which bears the bulk of defaults from the bonds or loans in the trust and serves to protect the other, more senior tranches from default in all but the most severe circumstances. Since it is partially protected from defaults, a senior tranche from a CDO trust typically has a higher rating and lower yield than its underlying securities, and can be rated investment grade. Despite the protection from the equity tranche, CDO tranches can experience substantial losses due to actual defaults, increased sensitivity to defaults due to collateral default and disappearance of protecting tranches, market anticipation of defaults, as well as aversion to CDO securities as a class.

The risks of an investment in a CDO depend largely on its Class and its collateral securities. Normally, CLOs and other CDOs are privately offered and sold, and thus, are not registered under the securities laws. As a result, investments in CDOs may be characterized by the Funds as illiquid securities; however, an active dealer market may exist for CDOs, allowing a CDO to qualify for Rule 144A transactions. In addition to the normal risks associated with fixed income securities (e.g., interest rate risk and default risk), CDOs carry additional risks including, but not limited to: (i) the possibility that distributions from collateral securities will not be adequate to make interest or other payments; (ii) the quality of the collateral may decline in value or default; (iii) the Funds may invest in CDOs that are subordinate to other classes; and (iv) the complex structure of the security may not be fully understood at the time of investment and may produce disputes with the issuer or unexpected investment results.

Illiquid Securities — A security is considered illiquid if it cannot be sold or disposed of in the ordinary course of business within seven days or less for its approximate carrying value on the books of a Fund. Valuations of illiquid securities may differ significantly from the values that would have been used had an active market value for these securities existed.

Restricted Securities — Throughout the year, the Funds owned private placement investments that were purchased through private offerings or acquired through initial public offerings that could not be sold without prior registration under the Securities Act of 1933 or pursuant to an exemption there from. In addition, the Funds had generally agreed to further restrictions on the disposition of certain holdings as set forth in various agreements entered into in connection with the purchase of those investments. These investments were valued at amortized cost, which approximates fair value, as determined in accordance with the procedures approved by the Board of Trustees. At July 31, 2014, the Funds did not own any restricted securities.

Classes — Class-specific expenses are borne by that class of shares. Income, expenses, and realized and unrealized gains/losses and non-class specific expenses are allocated to the respective class on the basis of relative daily net assets.

Expenses — Expenses that are directly related to one of the Funds are charged directly to that Fund. Other operating expenses of the Funds are prorated to the Funds on the basis of relative net assets.

Dividends and Distributions to Shareholders — Dividends from net investment income are declared daily and paid monthly. Any net realized capital gains on sales of securities after capital loss carryover are distributed at least annually by the Funds.

Redemption Fees — The Funds charge a redemption fee based on a redemption, or a series of redemptions from a single identifiable source that in the aggregate exceed a specified dollar threshold within any thirty day period, as presented below:

	Dollar Threshold ($ Thousands)		Redemption Fee
Ultra Short Duration Bond Fund	$	10,000		0.50	%
Short-Duration Government Fund		25,000		0.25	%
Intermediate-Duration Government Fund		10,000		0.25	%
GNMA Fund		10,000		0.25	%

For the six month period ended July 31, 2014, the Fixed Income Funds did not retain any redemption fees. Such fees, if any, are retained by the Fixed Income Funds for the benefit of the remaining shareholders.

3. INVESTMENT ADVISORY, ADMINISTRATION, DISTRIBUTION AND CUSTODIAN AGREEMENTS AND OTHER TRANSACTIONS WITH AFFILIATES

Investment Advisory, Administration, Distribution and Custodian Agreements — SEI Investments Management Corporation (“SIMC”) serves as each Fund’s investment adviser (the “Adviser”) and “manager of managers” under an investment advisory agreement approved by the shareholders of each Fund. In connection with serving as Adviser, SIMC is entitled to a fee, which is calculated daily and paid monthly, based on the average daily net assets of each Fund.

SEI Investments Global Funds Services (the “Administrator”) provides the Trust with administrative and transfer agency services. For its services, the Administrator is entitled to a fee, which is calculated daily and paid monthly, based on the average daily net assets of each Fund.

SEI Investments Distribution Co. (the “Distributor”), a wholly owned subsidiary of SEI Investments Company (“SEI”) and a registered broker-dealer, acts as the Distributor of the shares of the Trust under a Distribution Agreement. The Trust also has adopted plans under which firms, including the Distributor, that provide shareholder and administrative services may receive compensation thereof. Specific classes of certain funds have also adopted distribution plans, pursuant to Rule 12b-1 under the Investment Company Act of 1940.

Such plans provide fees payable to the Distributor up to the following amounts, calculated as a percentage of the average daily net assets attributable to each particular class of each respective fund.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 55

Notes to Financial Statements (Unaudited) (Continued)

July 31, 2014

The Adviser, Administrator and/or Distributor have voluntarily agreed to waive a portion of their fees in order to keep total direct operating expenses (exclusive of interest from borrowings, brokerage commissions, taxes, Trustee fees, prime broker fees, interest and dividend expenses related to short sales and extraordinary expenses not incurred in the ordinary course of the Funds’ business) at a specified level.

The waivers by the Funds’ Adviser, Administrator and/or Distributor are limited to the Funds’ direct operating expenses and, therefore, do

not apply to indirect expenses incurred by the Funds, such as acquired fund fees and expenses. The waivers are voluntarily and the Funds’ Adviser, Administrator and/or Distributor may discontinue all or part of any of these waivers at any time. In addition, some Funds may participate in a commission recapture program where the Funds’ trades may be executed through the Funds’ distributor, and a portion of the commissions paid on those trades are then used to pay the Funds’ expenses.

The following is a summary of annual fees payable to the Adviser, Administrator and Distributor and the voluntary expense limitations for each fund:

	Advisory Fees			Administration Fees			Shareholder Servicing Fees			Administrative Service Fees			Distribution Fees*			Voluntary Expense Limitations
Money Market Fund
Class A		0.07	%		0.33	%		0.25	%		—			—			0.18	%(1)
Class B		0.07	%		0.33	%		0.25	%		0.05	%		—			0.48	%(1)
Class C		0.07	%		0.33	%		0.25	%		0.25	%		—			0.68	%(1)
Sweep Class		0.07	%		0.33	%		0.25	%		—			0.50	%		0.93	%(1)
Government Fund
Class A		0.07	%		0.24	%		0.25	%		—			—			0.20	%(3)
Class B		0.07	%		0.24	%		0.25	%		0.05	%		—			0.50	%(3)
Class C		0.07	%		0.24	%		0.25	%		0.25	%		—			0.70	%(3)
Sweep Class		0.07	%		0.24	%		0.25	%		—			0.50	%		0.95	%(1)
Government II Fund
Class A		0.07	%		0.19	%		0.25	%		—			—			0.20	%(2)
Class B		0.07	%		0.19	%		0.25	%		0.05	%		—			0.50	%(2)
Class C		0.07	%		0.19	%		0.25	%		0.25	%		—			0.70	%(2)
Prime Obligation Fund
Class A		0.07	%		0.19	%		0.25	%		—			—			0.20	%(2)
Class B		0.07	%		0.19	%		0.25	%		0.05	%		—			0.50	%(2)
Class C		0.07	%		0.19	%		0.25	%		0.25	%		—			0.70	%(2)
Class H		0.07	%		0.19	%		0.25	%		0.18	%		—			0.63	%(1)
Sweep Class		0.07	%		0.19	%		0.25	%		—			0.50	%		0.95	%(1)
Treasury Fund
Class A		0.07	%		0.24	%		0.25	%		—			—			0.20	%(2)
Class B		0.07	%		0.24	%		0.25	%		0.05	%		—			0.50	%(2)
Class C		0.07	%		0.24	%		0.25	%		0.25	%		—			0.70	%(2)
Sweep Class		0.07	%		0.24	%		0.25	%		—			0.50	%		0.95	%(1)
Treasury II Fund
Class A		0.07	%		0.24	%		0.25	%		—			—			0.20	%(2)
Class B		0.07	%		0.24	%		0.25	%		0.05	%		—			0.50	%(2)
Class C		0.07	%		0.24	%		0.25	%		0.25	%		—			0.70	%(2)
Ultra Short Duration Bond Fund
Class A		0.10	%(5)		0.35	%		0.25	%		—			—			0.38	%(4)
Short-Duration Government Fund
Class A		0.09	%(6)		0.35	%		0.25	%		—			—			0.48	%(4)
Intermediate-Duration Government Fund
Class A		0.09	%(6)		0.35	%		0.25	%		—			—			0.53	%(4)
GNMA Fund
Class A		0.09	%(6)		0.32	%		0.25	%		—			—			0.63	%(4)

(1) Represents a voluntary cap that may be discontinued at any time.

(2) Represents a contractual cap effective through January 31, 2015, to be changed only by board approval.

(3) Represents a contractual cap of .25%, .55%, and .75% of Class A, B, and C, respectively, effective through January 31, 2015, to be changed only by Board approval. In addition, management has voluntarily waived fees to a cap of .20%, .50%, and .70% of Class A, B, and C, respectively, that may be discontinued at any time

(4) Represents a voluntary cap that may be discontinued at anytime.

(5) The Adviser receives an annual fee equal to .10% on the first $500 million of net assets, .075% of net assets between $500 million and $1 billion and .05% on the net assets in excess of $1 billion for the Ultra Short Duration Bond Fund. The fee is calculated based on the net assets of the Ultra Short Duration Bond Fund.

(6) The Adviser receives an annual fee equal to .10% on the first $500 million of net assets, .075% of net assets between $500 million and $1 billion and .05% on the net assets in excess of $1 billion for the Short-Duration Government, Intermediate-Duration Government and GNMA Funds. The fee is a blended percentage and is calculated based on the combined assets of these Funds.

* These payments are characterized as “compensation” and are not directly tied to expenses incurred by the Distributor. The payments the Distributor receives during any year may therefore be higher or lower than its actual expenses. These payments may be used to compensate sweep class shareholders who provide distribution-related services to their customers.

56 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

The Distributor has voluntarily waived all or a portion of the shareholder servicing fees for Class A of each fund, except for the GNMA Fund, since inception of the plan. Such waivers are voluntary and may be discontinued at any time. For Classes B, C, and H, the shareholder servicing fees and the administrative service fees are shown combined as “Administrative & Shareholder Servicing Fees” in the Statements of Operations. The Administrator and Distributor have voluntarily agreed to waive and reduce their fee and/or reimburse certain expenses of the Money Market Funds in order to limit the one-day net income yield of the Funds to not less than 0.01% of the Funds’ average daily net assets. The following table shows the waivers by class for the six month period ended July 31, 2014 ($ Thousands):

	Administrative & Shareholder Servicing Fee Waiver		Administrative Fee Waiver
Money Market Fund
Class A	$	—	$	25
Class B		109		12
Class C		66		4
Sweep Class		90		4
Government Fund
Class A		—		1,000
Class B		233		98
Class C		15		4
Sweep Class		275		46
Government II Fund
Class A		—		713
Class B		266		111
Class C		37		9
Prime Obligation Fund
Class A		—		1,009
Class B		136		21
Class C		65		6
Class H		41		1
Sweep Class		14		4
Treasury Fund
Class A		—		81
Class B		152		76
Class C		34		10
Sweep Class		483		96
Treasury II Fund
Class A		—		363
Class B		350		187
Class C		38		12

Pursuant to the “manager of managers” structure, the Board of Trustees approved BofA Advisors, LLC (formerly Columbia Management Advisors, LLC) as sub-adviser to the Money Market Funds, Logan Circle Partners, L.P. serves as a sub-adviser to the Ultra Short Duration Bond Fund and Wellington Management Company, LLP (“Wellington LLP”) serves as sub-adviser to the Fixed Income Funds. Each sub-adviser is party to an investment sub-advisory agreement with the Advisor. For its services to the Funds, the sub-advisers are entitled to receive a fee paid directly by the Adviser.

U.S. Bank, N.A. serves as the custodian of the Funds. The custodian plays no role in determining the investment policies of the Funds or which securities are to be purchased or sold in the Funds.

Other — Certain officers and Trustees of the Trust are also officers and/or Trustees of the Administrator, Adviser, or the Distributor. The Trust pays each unaffiliated Trustee an annual fee for attendance at quarterly, interim, and committee meetings. The Administrator, Adviser and/or the Distributor pays compensation of Officers and affiliated Trustees.

A portion of the services provided by the Chief Compliance Officer (“CCO”) and his staff, whom are employees of the administrator, are paid for by the Trust as incurred. The services include regulatory oversight of the Trust’s Adviser, Sub-Advisers and service providers as required by SEC regulations. The CCO’s services have been approved by and are reviewed annually by the Board of Trustees.

Interfund Lending — The SEC has granted an exemption that permits the Trust to participate in an interfund lending program (the “Program”) with existing or future investment companies registered under the 1940 Act that are advised by SIMC (the “SEI Funds”). The Program allows the SEI Funds to lend money to and borrow money from each other for temporary or emergency purposes. Participation in the Program is voluntary for both borrowing and lending funds. Interfund loans may be made only when the rate of interest to be charged is more favorable to the lending fund than an investment in overnight repurchase agreements (“Repo Rate”), and more favorable to the borrowing fund than the rate of interest that would be charged by a bank for short-term borrowings (“Bank Loan Rate”). The Bank Loan Rate will be determined using a formula reviewed annually by the SEI Funds Board of Trustees. The interest rate imposed on interfund loans is the average of the Repo Rate and the Bank Loan Rate. For the six month ended July 31, 2014, the Trust has not participated in the Program.

4. INVESTMENT TRANSACTIONS

The cost of security purchases and the proceeds from the sale of securities, other than short-term investments, for the six month ended July 31, 2014, were as follows for the Fixed Income Funds:

	Ultra Short Duration Bond Fund ($Thousands)		Short- Duration Government Fund ($Thousands)		Intermediate- Duration Government Fund ($Thousands)		GMNA Fund ($Thousands)
Purchases
U.S. Government	$	48.466	$	594,107	$	18,945	$	483,331
Other		69,051		—		—		—
Sales
U.S. Government		53,940		627,655		21,489		528,497
Other		44,362		217		37		41

5. FEDERAL TAX INFORMATION

It is each Fund’s intention to continue to qualify as a regulated investment company for Federal income tax purposes and distribute all of its taxable income (including net capital gains). Accordingly, no provision for Federal income taxes is required.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 57

Notes to Financial Statements (Unaudited) (Continued)

July 31, 2014

Reclassification of Components of Net Assets — The timing and characterization of certain income and capital gain distributions are determined annually in accordance with Federal tax regulations which may differ from accounting principles generally accepted in the United States. As a result, net investment income (loss) and net realized gain (loss) on investment transactions for the reporting period may differ from distributions during such period. These book/tax differences may be temporary or permanent in nature.

To the extent these differences are permanent, they are charged or credited to Paid-in Capital, undistributed net investment income, or accumulated net realized gain, as appropriate, in the periods that the differences arise.

Accordingly, the following permanent differences, primarily attributable to different treatment for gains and losses on paydowns of mortgage and asset-backed securities for tax purposes, distribution

reclassification, expiration of capital losses, non-deductible excise tax and investments in treasury inflationary protected securities have been reclassified to/from the following accounts as of January 31, 2014:

	Paid-in- Capital ($ Thousands)			Undistributed Net Investment Income ($ Thousands)		Accumulated Net Realized Gain (Loss) ($ Thousands)
Government Fund	$	(4	)	$	—	$	4
Government II Fund		—			2		(2	)
Treasury Fund		(20	)		—		20
Treasury II Fund		—			12		(12	)
Ultra Short Duration Bond Fund		(1,045	)		541		504
Short-Duration Government Fund		—			2,820		(2,820	)
Intermediate-Duration Government Fund		—			58		(58	)
GNMA Fund		—			2,351		(2,351	)

These reclassifications have no impact on net assets or net asset value per share.

The tax character of dividends and distributions during the last two fiscal years was as follows:

		Ordinary Income ($ Thousands)		Long-term Capital Gain ($ Thousands)		Total ($ Thousands)
Money Market Fund	2014	$	66	$	—	$	66
	2013		227		—		227
Government Fund	2014		320		—		320
	2013		265		—		265
Government II Fund	2014		129		—		129
	2013		163		—		163
Prime Obligation Fund	2014		508		—		508
	2013		2,739		—		2,739
Treasury Fund	2014		31		—		31
	2013		38		—		38
Treasury II Fund	2014		73		—		73
	2013		94		—		94
Ultra Short Duration Bond Fund	2014		2,035		—		2,035
	2013		2,657		—		2,657
Short-Duration Government Fund	2014		6,916		—		6,916
	2013		11,946		902		12,848
Intermediate-Duration Government Fund	2014		643		—		643
	2013		1,016		—		1,016
GNMA Fund	2014		3,835		—		3,835
	2013		10,523		950		11,473

As of January 31, 2014, the components of Distributable Earnings/(Accumulated Losses) on a tax basis were as follows:

	Undistributed Ordinary Income ($ Thousands)		Undistributed Long-Term Capital Gain ($ Thousands)		Capital Loss Carryforwards ($ Thousands)			Post-October Losses ($  Thousands)			Other Temporary Differences ($ Thousands)			Unrealized Appreciation (Depreciation) ($ Thousands)			Total Earnings/ (Accumulated Losses) ($ Thousands)
Money Market Fund	$	4	$	—	$	—		$	—		$	(2	)	$	—		$	2
Government Fund		30		—		(32	)		—			(30	)		—			(32	)
Government II Fund		7		—		—			—			(12	)		—			(5	)
Prime Obligation Fund		39		—		(56	)		—			(39	)		—			(56	)
Treasury Fund		3		—		(5	)		—			(3	)		—			(5	)
Treasury II Fund		17		—		—			—			(6	)		—			11
Ultra Short Duration Bond Fund		157		—		(22,894	)		(33	)		(158	)		(211	)		(23,139	)
Short-Duration Government Fund		1,158		—		(5,154	)		(292	)		(1,183	)		6,673			1,202
Intermediate-Duration Government Fund		112		—		(1,279	)		(35	)		(53	)		330			(925	)
GNMA Fund		241		—		(4,869	)		(265	)		(243	)		4,754			(382	)

58 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

At January 31, 2014, the following Funds had capital loss carryforwards to offset future realized capital gains:

	Amount ($ Thousands)		Expiration
Government Fund	$	32		1/31/16
Prime Obligation Fund		56		1/31/17
Treasury Fund		5		1/31/15
Ultra Short Duration Bond Fund		1,716		1/31/15
		296		1/31/16
		181		1/31/17
		3,642		1/31/18
		11,895		1/31/19

For Federal income tax purposes, capital loss carryforwards may be carried forward and applied against future capital gains. It is the Funds’ intent that they will not distribute any realized gain distributions until the carryforwards have been offset or expired.

During the fiscal year ended January 31, 2014, the Prime Obligation Fund, Treasury Fund and Intermediate-Duration Government Fund utilized $2,211, $1,857 and $126,696, respectively, of capital loss carryforwards to offset capital gains. During the fiscal year ended January 31, 2014, the Government Fund, Treasury Fund and Ultra Short Duration Bond Fund had expired capital loss carryforwards of $36,588, $20,361 and $1,044,609, respectively.

Under the recently enacted Regulated Investment Company Modernization Act of 2010, Funds will be permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law.

Losses carried forward under these new provisions are as follows ($ Thousands):

	Short-Term Loss		Long-Term Loss		Total*
Ultra Short Duration Bond Fund	$	—	$	5,164	$	5,164
Short-Duration Government Fund		4,604		550		5,154
Intermediate-Duration Government Fund		988		291		1,279
GNMA		4,532		337		4,869

* This table should be used in conjunction with the capital loss carryforwards table.

During the fiscal year ended January 31, 2014, the Money Market Funds’ cost of securities for Federal income tax purposes approximates the cost located in the Statements of Assets and Liabilities.

For Federal income tax purposes, the cost of securities owned at January 31, 2014, and net realized gains or losses on securities sold for the period, were different from amounts reported for financial

reporting purposes, primarily due to wash sales which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. The Federal tax cost and aggregate gross unrealized appreciation and depreciation on investments held by the Fixed Income Funds at July 31, 2014, were as follows:

	Federal Tax Cost ($ Thousands)		Appreciated Securities ($ Thousands)		Depreciated Securities ($ Thousands)			Net Unrealized Appreciation/ (Depreciation) ($  Thousands)
Ultra Short Duration Bond Fund	$	265,998	$	803	$	(1,008	)	$	(205	)
Short-Duration Government Fund		811,935		6,645		(1,104	)		5,541
Intermediate-Duration Government Fund		21,667		503		(160	)		343
GNMA Fund		152,707		3,527		(576	)		2,951

Management has analyzed the Funds’ tax positions taken on the federal tax returns for all open tax years and has concluded that as of January 31, 2014, no provision for income tax is required in the Funds’ financial statements. The Funds’ federal income and excise tax returns are subject to examination by the IRS for all open tax years under the applicable Statute of Limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

6. INVESTMENT RISKS

In the normal course of business, a Fund may enter into contracts that provide general indemnifications by a Fund to the counterparty to the contract. A Fund’s maximum exposure under these arrangements is dependent on future claims that may be made against a Fund and, therefore, cannot be established; however, based on experience, management believes the risk of loss from such claim is considered remote.

7. RECENT ACCOUNTING PRONOUNCEMENTS

On July 23, 2014, the SEC adopted amendments to the rules that govern money market mutual funds. In part, the amendments will require structural changes to most types of money market funds to one extent or another; however, the SEC provided for an extended 2-year transition period to comply with such structural requirements. At this time, management is evaluating the reforms adopted and the manner for implementing these reforms over time and its impact on the financial statements.

8. SUBSEQUENT EVENTS

The Trust, on behalf of the Funds, has evaluated the need for disclosures and/or adjustments resulting from subsequent events. Based on this evaluation, no disclosures and/or adjustments were required to the financial statements.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 59

Disclosure of Fund Expenses (Unaudited)

All mutual funds have operating expenses. As a shareholder of a mutual fund, your investment is affected by these ongoing costs, which include (among others) costs for portfolio management, administrative services, and shareholder reports like this one. It is important for you to understand the impact of these costs on your investment returns.

Operating expenses such as these are deducted from the mutual fund‘s gross income and directly reduce your final investment return. These expenses are expressed as a percentage of the mutual fund’s average net assets; this percentage is known as the mutual fund’s expense ratio.

The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in your Fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The table on the next page illustrates your Fund’s costs in two ways:

• Actual Fund Return. This section helps you to estimate the actual expenses after fee waivers that your Fund incurred over the period. The “Expenses Paid During Period” column shows the actual dollar expense cost incurred by a $1,000 investment in the Fund, and the “Ending Account Value” number is derived from deducting that expense cost from the Fund’s gross investment return.

You can use this information, together with the actual amount you invested in your Fund, to estimate the expenses you paid over that period. Simply divide your actual starting account value by $1,000 to arrive at a ratio (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply that ratio by the number shown for your Fund under “Expenses Paid During Period.”

• Hypothetical 5% Return. This section helps you compare your Fund’s costs with those of other mutual funds. It assumes that your Fund had an annual 5% return before expenses during the year, but that the expense ratio (Column 3) is unchanged. This example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to make this 5% calculation. You can assess your Fund’s comparative cost by comparing the hypothetical result for your Fund in the “Expense Paid During Period” column with those that appear in the same charts in the shareholder reports for other mutual funds.

NOTE: Because the return is set at 5% for comparison purposes — NOT your Fund’s actual return — the account values shown do not apply to your specific investment.

60 SEI Daily Income Trust / Semi-Annual Report / July 31, 2014

	Beginning Account Value 2/1/14		Ending Account Value 7/31/14		Annualized Expense Ratios			Expenses Paid During Period*
Money Market Fund
Actual Fund Return
Class A	$	1,000.00	$	1,000.00		0.15	%	$	0.74
Class B		1,000.00		1,000.00		0.15			0.74
Class C		1,000.00		1,000.00		0.15			0.74
Sweep Class		1,000.00		1,000.00		0.15			0.74
Hypothetical 5% Return
Class A	$	1,000.00	$	1,024.05		0.15	%	$	0.75
Class B		1,000.00		1,024.05		0.15			0.75
Class C		1,000.00		1,024.05		0.15			0.75
Sweep Class		1,000.00		1,024.05		0.15			0.75
Government Fund
Actual Fund Return
Class A	$	1,000.00	$	1,000.10		0.07	%	$	0.35
Class B		1,000.00		1,000.10		0.07			0.35
Class C		1,000.00		1,000.10		0.07			0.35
Sweep Class		1,000.00		1,000.10		0.07			0.35
Hypothetical 5% Return
Class A	$	1,000.00	$	1,024.45		0.07	%	$	0.35
Class B		1,000.00		1,024.45		0.07			0.35
Class C		1,000.00		1,024.45		0.07			0.35
Sweep Class		1,000.00		1,024.45		0.07			0.35
Government II Fund
Actual Fund Return
Class A	$	1,000.00	$	1,000.00		0.07	%	$	0.35
Class B		1,000.00		1,000.00		0.07			0.35
Class C		1,000.00		1,000.00		0.07			0.35
Hypothetical 5% Return
Class A	$	1,000.00	$	1,024.45		0.07	%	$	0.35
Class B		1,000.00		1,024.45		0.07			0.35
Class C		1,000.00		1,024.45		0.07			0.35
Prime Obligation Fund
Actual Fund Return
Class A	$	1,000.00	$	1,000.00		0.15	%	$	0.74
Class B		1,000.00		1,000.00		0.15			0.79
Class C		1,000.00		1,000.00		0.15			0.74
Class H		1,000.00		1,000.00		0.15			0.74
Sweep Class		1,000.00		1,000.00		0.15			0.74
Hypothetical 5% Return
Class A	$	1,000.00	$	1,024.05		0.15	%	$	0.75
Class B		1,000.00		1,024.00		0.15			0.80
Class C		1,000.00		1,024.05		0.15			0.75
Class H		1,000.00		1,024.05		0.15			0.75
Sweep Class		1,000.00		1,024.05		0.15			0.75

	Beginning Account Value 2/1/14		Ending Account Value 7/31/14		Annualized Expense Ratios			Expenses Paid During Period*
Treasury Fund
Actual Fund Return
Class A	$	1,000.00	$	1,000.10		0.05	%	$	0.25
Class B		1,000.00		1,000.10		0.05			0.25
Class C		1,000.00		1,000.10		0.05			0.25
Sweep Class		1,000.00		1,000.10		0.05			0.25
Hypothetical 5% Return
Class A	$	1,000.00	$	1,024.55		0.05	%	$	0.25
Class B		1,000.00		1,024.55		0.05			0.25
Class C		1,000.00		1,024.55		0.05			0.25
Sweep Class		1,000.00		1,024.55		0.05			0.25
Treasury II Fund
Actual Fund Return
Class A	$	1,000.00	$	1,000.00		0.04	%	$	0.20
Class B		1,000.00		1,000.00		0.04			0.20
Class C		1,000.00		1,000.00		0.04			0.20
Hypothetical 5% Return
Class A	$	1,000.00	$	1,024.60		0.04	%	$	0.20
Class B		1,000.00		1,024.60		0.04			0.20
Class C		1,000.00		1,024.60		0.04			0.20
Ultra Short Duration Bond Fund
Actual Fund Return
Class A	$	1,000.00	$	1,004.00		0.38	%	$	1.89
Hypothetical 5% Return
Class A	$	1,000.00	$	1,022.91		0.38	%	$	1.91
Short-Duration Government Fund
Actual Fund Return
Class A	$	1,000.00	$	1,002.10		0.48	%	$	2.38
Hypothetical 5% Return
Class A	$	1,000.00	$	1,022.17		0.48	%	$	2.41
Intermediate-Duration Government Fund
Actual Fund Return
Class A	$	1,000.00	$	1,006.70		0.53	%	$	2.64
Hypothetical 5% Return
Class A	$	1,000.00	$	1,022.17		0.53	%	$	2.66
GNMA Fund
Actual Fund Return
Class A	$	1,000.00	$	1,018.40		0.63	%	$	3.15
Hypothetical 5% Return
Class A	$	1,000.00	$	1,021.67		0.63	%	$	3.16

* Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 181/365.

SEI Daily Income Trust / Semi-Annual Report / July 31, 2014 61

SEI DAILY INCOME TRUST SEMI-ANNUAL REPORT JULY 31, 2014

Robert A. Nesher, Chairman

Trustees

William M. Doran

George J. Sullivan, Jr.

Nina Lesavoy

James M. Williams

Mitchell A. Johnson

Hubert L. Harris, Jr.

Officers

Robert A. Nesher

President and Chief Executive Officer

Peter A. Rodriguez

Controller and Chief Financial Officer

Russell Emery

Chief Compliance Officer

Timothy D. Barto

Vice President, Secretary

David McCann

Vice President, Assistant Secretary

Aaron Buser

Vice President, Assistant Secretary

Stephen G. MacRae

Vice President

Edward McCusker

Anti-Money Laundering Compliance Officer

Privacy Officer

Investment Adviser

SEI Investments Management Corporation

Administrator

SEI Investments Global Funds Services

Distributor

SEI Investments Distribution Co.

Legal Counsel

Morgan, Lewis & Bockius LLP

Independent Registered Public Accounting Firm

KPMG LLP

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Trust and must be preceded or accompanied by a current prospectus. Shares of the Funds are not deposits or obligations of, or guaranteed or endorsed by, any bank. The shares are not federally insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, or any other government agency. Investment in the shares involves risk, including the possible loss of principal.

For more information call

1 800 DIAL SEI

(1 800 342 5734)

SEI-F-037 (7/14)

Item 2. Code of Ethics.

Not applicable for semi-annual report.

Item 3. Audit Committee Financial Expert.

Not applicable for semi-annual report.

Item 4. Principal Accountant Fees and Services.

Not applicable for semi-annual report.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Schedule of Investments.

Included in Item 1.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

The Registrant has a standing Governance Committee (the “Committee”) currently consisting of the Independent Trustees. The Committee is responsible for evaluating and recommending nominees for election to the Registrant’s Board of Trustees (the “Board”). Pursuant to the Committee’s Charter, adopted on June 18^th 2004, as amended, the Committee will review all shareholder recommendations for nominations to fill vacancies on the Board if such recommendations are submitted in writing and addressed to the Committee at the Registrant’s office.

Item 11. Controls and Procedures.

(a) The Registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 as of a date within 90 days of the filing date of this report.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrants internal control over financial reporting.

Items 12. Exhibits.

(a)(1) Not applicable for semi-annual report.

(a)(2) A separate certification for the principal executive officer and the principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act, as amended (17 CFR 270.30a-2(a)), are filed herewith.

(b) Officer certifications as required by Rule 30a-2(b) under the 1940 Act, as amended (17 CFR 270.30a-2(b)) also accompany this filing as an exhibit.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SEI Daily Income Trust
By:		/s/ Robert A. Nesher
		Robert A. Nesher, President & CEO

Date: October 3, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:	/s/ Robert A. Nesher
	Robert A. Nesher, President & CEO

Date: October 3, 2014

By:	/s/ Peter A. Rodriguez
	Peter A. Rodriguez, Controller & CFO

Date: October 3, 2014