SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 99.4%
Alabama — 2.9%
Alabama State, Port Authority, Ser A, AMT, RB, AGM
5.000%, 10/01/2026	$	1,000	$	1,034
Birmingham, Airport Authority, RB, BAM
5.000%, 07/01/2024		325		328
Black Belt, Energy Gas District, RB
4.000%, 06/01/2051 (A)		5,570		5,483
Black Belt, Energy Gas District, Ser A-1, RB
4.000%, 12/01/2049 (A)		5,000		4,970
Black Belt, Energy Gas District, Ser B, RB
5.250%, 12/01/2053 (A)		290		308
Black Belt, Energy Gas District, Ser D-1, RB
5.500%, 06/01/2049 (A)		2,500		2,622
Jefferson County, Refunding Warrants, RB
5.000%, 09/15/2029		3,400		3,610
Lower Alabama, Gas District, RB
4.000%, 12/01/2050 (A)		5,000		4,968
Lower Alabama, Gas District, Ser A, RB
5.000%, 09/01/2028		4,800		4,983
5.000%, 09/01/2031		640		665
5.000%, 09/01/2034		2,000		2,104
Southeast Alabama, Energy Authority, Cooperative District, Ser A-1, RB
5.500%, 01/01/2053 (A)		4,920		5,212
5.500%, 11/01/2053 (A)		665		710
Southeast Alabama, Energy Authority, Cooperative District, Ser B-1, RB
5.750%, 04/01/2054 (A)		2,500		2,734
Southeast Alabama, Gas Supply District, Project #1, Ser A, RB
4.000%, 04/01/2049 (A)		5,000		4,994
Troy University, Ser A, RB, BAM
5.000%, 11/01/2027		645		692
				45,417
Alaska — 0.0%
Northern Alaska, Tobacco Securitization, Ser A, RB
4.000%, 06/01/2036		615		618
Arizona — 2.2%
Arizona State, Industrial Development Authority, American Charter Schools Foundation Project, RB
6.000%, 07/01/2037 (B)		1,705		1,736
Arizona State, Industrial Development Authority, Equitable School Project, RB
4.000%, 11/01/2036		4,570		4,545
Arizona State, Industrial Development Authority, Legacy Cares Project, RB
7.750%, 07/01/2050 (B)(C)		3,560		214

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Arizona State, Industrial Development Authority, Ser 2019-2, RB
3.625%, 05/20/2033	$	3,243	$	2,989
Glendale, Industrial Development Authority, Inspirata Pointe Project, RB
5.000%, 05/15/2041		500		438
Glendale, Industrial Development Authority, Royal Oaks Life Care Community, RB
4.000%, 05/15/2028		380		354
4.000%, 05/15/2031		500		444
Maricopa County, Industrial Development Authority, Banner Health Project, Ser A, RB
5.000%, 01/01/2031		2,250		2,354
Maricopa County, Industrial Development Authority, Christian Care Surprise Project, RB
5.750%, 01/01/2036 (B)		1,560		1,234
Maricopa County, Industrial Development Authority, Commercial Metals Company Project, AMT, RB
4.000%, 10/15/2047 (B)		305		255
Phoenix, Civic Improvement Authority, Junior Lien, RB
5.000%, 07/01/2033		2,000		2,141
Phoenix, Civic Improvement Authority, Junior Lien, Ser A, RB
5.000%, 07/01/2028		600		613
5.000%, 07/01/2029		250		255
5.000%, 07/01/2030		500		510
5.000%, 07/01/2032		1,095		1,117
Phoenix, Civic Improvement Authority, Junior Lien, Ser B, AMT, RB
5.000%, 07/01/2030		2,100		2,251
Phoenix, Industrial Development Authority, Downtown Phoenix Student Housing, ASU Project, RB
5.000%, 07/01/2029		350		360
5.000%, 07/01/2032		115		118
5.000%, 07/01/2033		355		363
Salt Verde Financial Corp, Gas Revenue, RB
5.250%, 12/01/2026		4,510		4,668
5.000%, 12/01/2032		2,500		2,649
Salt Verde Finanical Corp, Gas Revenue, RB
5.250%, 12/01/2024		1,330		1,344
Tempe, Industrial Development Authority, Friendship Village Project, RB
4.000%, 12/01/2027		355		340
4.000%, 12/01/2028		365		345
4.000%, 12/01/2029		385		359

SEI Tax Exempt Trust

1

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Tempe, Industrial Development Authority, Mirabella at ASU Project, Ser A, RB
6.000%, 10/01/2037 (B)	$	1,200	$	784
5.500%, 10/01/2027 (B)		900		752
Yavapai County, Industrial Development Authority, Yavapai Regional Medical Center Project, Ser A, RB
5.250%, 08/01/2033		1,000		1,000
				34,532
Arkansas — 0.2%
Arkansas State, University of Central Arkansas, Auxiliary Project, Ser C, RB, AMBAC
6.125%, 04/01/2026		975		1,009
Arkansas State, University of Central Arkansas, Student Fee Project, Ser B, RB, AMBAC
6.125%, 04/01/2026		975		1,009
Fort Smith, Water & Sewer Revenue, RB
5.000%, 10/01/2035		1,500		1,601
				3,619
California — 5.2%
Bay Area, Toll Authority, RB
3.600%, 04/01/2056 (A)		1,115		1,083
California County, Tobacco Securitization Agency, Ser A, RB
5.000%, 06/01/2025		200		204
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.000%, 12/01/2053 (A)		565		588
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		7,520		7,333
California State, Community Choice Financing Authority, Clean Energy Project, Ser D, RB
5.500%, 05/01/2054 (A)		6,350		6,711
California State, Department of Water Resources, Ser AS, RB
Pre-Refunded @ 100
5.000%, 12/01/2024 (D)		1,910		1,949
California State, Enterprise Development Authority, M@College Project, Ser A, RB
5.000%, 08/01/2045		370		373

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, GO
5.000%, 08/01/2026	$	2,000	$	2,115
5.000%, 09/01/2028		3,000		3,171
5.000%, 09/01/2029		1,500		1,584
5.000%, 09/01/2030		3,395		3,583
5.000%, 11/01/2042		1,500		1,684
4.000%, 11/01/2041		360		361
3.000%, 03/01/2046		2,000		1,633
California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser A1, RB
5.000%, 11/01/2027		3,225		3,506
California State, Housing Finance Agency, Certificates, Ser 2021-1, RB
3.500%, 11/20/2035		2,881		2,677
California State, Municipal Finance Authority, Caritas Project, Ser A, RB
4.000%, 08/15/2037		1,055		1,040
California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM
4.000%, 05/15/2034		1,170		1,182
California State, Public Finance Authority, Enso Village Project, RB
2.375%, 11/15/2028 (B)		355		334
California State, Public Finance Authority, Hoag Memorial Hospital Presbyterian, RB
4.000%, 07/15/2036		370		384
California State, Ser C, GO
5.000%, 09/01/2030		5,015		5,165
Cathedral, Redevelopment Agency, Successor Agency, TA, BAM
4.000%, 08/01/2033		750		769
Foothill-Eastern, Transportation Corridor Agency, Ser C, RB
5.000%, 01/15/2030		190		206
Golden State, Tobacco Securitization Project, Ser A, RB
Pre-Refunded @ 100
5.000%, 06/01/2025 (D)		3,000		3,092
Golden State, Tobacco Securitization Project, Ser A1, RB
5.000%, 06/01/2026 (E)		1,450		1,527
Golden State, Tobacco Securitization Project, Ser A1, RB
Pre-Refunded @ 100
5.000%, 06/01/2028 (D)		4,960		5,455
Golden State, Tobacco Securitization Project, Sub-Ser B-2, RB
0.000%, 06/01/2066 (F)		6,375		662

2

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Inland Empire, Tobacco Securitization, Ser E, RB
0.000%, 06/01/2057 (B)(F)	$	68,900	$	4,730
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser S, AMT, RB
5.000%, 05/15/2033		535		587
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB
4.000%, 05/15/2037		500		496
Los Angeles, Department of Water & Power, Water System Revenue, Ser A-2, RB
1.480%, 07/01/2045 (A)		500		500
Riverside County, Transportation Commission, RB
4.000%, 06/01/2038		1,000		983
Sacramento, Airport System Revenue, Ser B, RB
5.000%, 07/01/2033		500		544
Sacramento, Airport System Revenue, Sub-Ser E, RB
5.000%, 07/01/2033		1,000		1,089
San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB
5.000%, 07/01/2024		350		352
San Diego, Association of Governments, Mid-Coast Corridor Transit Project, RB
Pre-Refunded @ 100
5.000%, 11/15/2024 (D)		3,000		3,049
San Francisco City & County, Redevelopment Agency Successor Agency, Transbay Infrastructure Projects, TA, AGM
5.000%, 08/01/2048		425		456
San Joaquin Hills, Transportation Corridor Agency, RB
5.000%, 01/15/2033		815		917
San Jose-Evergreen, Community College District, Ser C-ELECTION, GO
4.000%, 09/01/2041		2,600		2,661
Southern California, Water District, Ser A, RB
Pre-Refunded @ 100
5.000%, 07/01/2025 (D)		3,000		3,101
Stockton, Successor Agency, Redevelopment Agency, Ser A, TA, AGM
5.000%, 09/01/2030		1,750		1,837
5.000%, 09/01/2031		1,815		1,903

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
University of California, Regents Medical Center Pooled Revenue, RB
5.000%, 05/15/2034	$	725	$	849
				82,425
Colorado — 2.5%
Colorado State, Department of Transportation, COP
5.000%, 06/15/2030		350		365
5.000%, 06/15/2031		500		520
Colorado State, Educational & Cultural Facilities Authority, Loveland Classical Schools Project, RB
5.000%, 07/01/2046 (B)		500		470
Colorado State, Health Facilities Authority, Commonspirit Health Project, RB
5.250%, 11/01/2036		1,135		1,244
5.000%, 11/01/2033		875		963
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A, RB
5.000%, 08/01/2034		1,500		1,603
5.000%, 08/01/2037		1,000		1,048
4.000%, 08/01/2038		500		486
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A-, RB
4.000%, 08/01/2044		2,550		2,309
Colorado State, Health Facilities Authority, Covenant Living Communities Project, RB
4.000%, 12/01/2040		205		181
Colorado State, Health Facilities Authority, RB
5.000%, 11/15/2049 (A)		2,265		2,377
Colorado State, Health Facilities Authority, RB
Pre-Refunded @ 100
5.000%, 11/19/2026 (A)(D)		235		249
Colorado State, Health Facilities Authority, Sunbelt Obligated Group Project, RB
5.000%, 11/15/2036 (A)		6,425		6,742
Colorado State, Housing & Finance Authority, Ser K, RB, GNMA
3.875%, 05/01/2050		730		722
Denver City & County, Airport System Revenue Authority, Ser A, AMT, RB
5.000%, 11/15/2030		1,250		1,315
Denver City & County, Airport System Revenue Authority, Ser A, RB
5.000%, 11/15/2031		1,000		1,050
Denver City & County, Airport System Revenue Authority, Ser D, AMT, RB
5.500%, 11/15/2032		280		325
5.500%, 11/15/2033		1,030		1,194

SEI Tax Exempt Trust

3

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Denver City & County, Airport System Revenue Authority, Sub-Ser A, AMT, RB
5.000%, 12/01/2031	$	2,000	$	2,132
Denver City & County, Airport System Revenue Authority, Sub-Ser B, RB
5.250%, 11/15/2026		2,000		2,005
5.250%, 11/15/2032		1,010		1,013
Denver, Convention Center Hotel Authority, RB
5.000%, 12/01/2029		400		409
5.000%, 12/01/2031		855		873
5.000%, 12/01/2032		1,200		1,224
5.000%, 12/01/2034		1,000		1,018
5.000%, 12/01/2035		800		812
5.000%, 12/01/2036		600		606
E-470, Public Highway Authority, Ser B, RB
3.961%, 09/01/2039 (A)		610		608
Park Creek, Metropolitan District, Ser A, RB, AGM
4.000%, 12/01/2032		1,000		1,039
Regional Transportation District, Eagle P3 Project, RB
5.000%, 01/15/2029		600		634
5.000%, 07/15/2031		1,200		1,286
5.000%, 07/15/2032		1,020		1,090
University of Colorado, Enterprise Project, RB
2.000%, 06/01/2051 (A)		270		262
Vauxmont Metropolitan District, Sub-Ser, GO, AGM
5.000%, 12/15/2026		220		231
Weld County, School District No. RE-4, GO
5.000%, 12/01/2042		2,000		2,194
				40,599
Connecticut — 1.7%
Connecticut State, Health & Educational Facilities Authority, Covenant Home Project, Ser B, RB
5.000%, 12/01/2036		1,230		1,263
Connecticut State, Health & Educational Facilities Authority, Sacred Heart University Project, RB
5.000%, 07/01/2029		840		914
5.000%, 07/01/2030		230		253
5.000%, 07/01/2034		900		942
5.000%, 07/01/2036		700		725
Connecticut State, Health & Educational Facilities Authority, Yale University, RB
1.100%, 07/01/2049 (A)		1,420		1,376
Connecticut State, Housing Finance Authority, RB, GNMA/FNMA/FHLMC
4.000%, 05/15/2047		250		249

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Connecticut State, Ser A, GO
4.000%, 01/15/2036	$	1,105	$	1,136
Connecticut State, Ser C, GO
5.000%, 06/15/2026		2,460		2,589
Connecticut State, Ser E, GO
5.000%, 09/15/2029		4,000		4,388
Connecticut State, Special Tax Obligation, Transportation Infrastructure, Ser A, RB
4.000%, 05/01/2036		1,300		1,347
University of Connecticut, Ser A, RB
5.000%, 05/01/2037		5,500		6,182
5.000%, 05/01/2038		4,740		5,281
				26,645
District of Columbia — 1.2%
District of Columbia, Ser A, RB
5.000%, 07/01/2041		4,000		4,439
Metropolitan Washington, Airports Authority, AMT, RB
5.000%, 10/01/2028		2,000		2,108
Metropolitan Washington, Airports Authority, Ser A, AMT, RB
5.000%, 10/01/2027		4,500		4,756
Metropolitan Washington, Airports Authority, Sub-Ser, RB
4.000%, 10/01/2035		1,000		1,005
Metropolitan Washington, Transit Authority, Ser A, RB
4.000%, 07/15/2039		3,000		3,040
Metropolitan Washington, Transit Authority, Ser S, RB
5.000%, 07/15/2040		3,250		3,610
				18,958
Florida — 6.0%
Alachua County, Health Facilities Authority, RB
5.000%, 12/01/2030		1,500		1,597
5.000%, 12/01/2037 (A)		4,000		4,134
Broward County, Airport System Revenue, AMT, RB
5.000%, 10/01/2034		1,300		1,362
5.000%, 10/01/2035		2,000		2,090
Broward County, Shool District, Ser A, COP
5.000%, 07/01/2028		5,000		5,479
Capital Projects Finance Authority, Florida University Project, Ser A-1, RB
5.000%, 10/01/2027		365		374
Celebration Pointe, Community Development District No. 1, Alachua County, SAB
4.750%, 05/01/2024		70		70

4

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Central Florida, Expressway Authority, RB
5.000%, 07/01/2029	$	1,250	$	1,339
Central Florida, Expressway Authority, Ser D, RB, AGM
5.000%, 07/01/2035		1,500		1,693
Escambia County, Health Facilities Authority, RB
4.000%, 08/15/2045		640		563
4.000%, 08/15/2050		1,900		1,617
Florida State, Capital Trust Agency, University Bridge, Student Housing Project, RB
5.250%, 12/01/2043 (B)		3,000		2,803
Florida State, Development Finance, Brightline Passenger Rail Project, AMT, RB
8.000%, 07/01/2057 (A)(B)		2,600		2,627
7.375%, 01/01/2049 (B)		2,465		2,472
Florida State, Development Finance, Nova Southern University Project, RB
5.000%, 04/01/2026		285		294
5.000%, 04/01/2027		325		342
Florida State, Development Finance, Surface Transportation Facility, Virgin Trains USA Passenger Rail Project, AMT, RB
6.500%, 01/01/2049 (A)(B)		1,000		967
Florida State, Higher Educational Facilities Financial Authority, Ringling College Project, RB
5.000%, 03/01/2037		1,295		1,321
Florida State, Municipal Power Agency, All Requirements Power Project, RB
5.000%, 10/01/2028		1,000		1,028
Florida State, Municipal Power Agency, Ser A, RB
5.000%, 10/01/2030		2,945		3,065
Florida State, Sunshine Skyway Bridge, Ser A, RB
4.000%, 07/01/2033		2,930		3,010
Hillsborough County, Solid Waste & Resource Recovery Revenue, Ser A, AMT, RB
5.000%, 09/01/2031		3,695		3,800
JEA Electric System Revenue, Ser Three, RB
5.000%, 10/01/2034		4,870		5,380
5.000%, 10/01/2035		3,000		3,295
JEA Water & Sewer System Revenue, Ser A, RB
5.000%, 10/01/2035		1,000		1,111
Lee County, Solid Waste System Revenue, AMT, RB, NATL
5.000%, 10/01/2026		2,425		2,500

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Miami Beach, Redevelopment Agency, TA
5.000%, 02/01/2030	$	2,500	$	2,505
Miami-Dade County, Aviation Revenue, Ser A, AMT, RB
5.000%, 10/01/2033		2,000		2,005
Miami-Dade County, Educational Facilities Authority, University of Miami Project, Ser A, RB
5.000%, 04/01/2030		430		438
5.000%, 04/01/2031		910		927
Miami-Dade County, School Board Foundation, Ser B, COP
5.000%, 05/01/2026		5,885		5,999
Miami-Dade County, Seaport Department, Ser A, AMT, RB
5.000%, 10/01/2038		440		467
Miami-Dade County, Water & Sewer System Revenue, RB
4.000%, 10/01/2034		1,750		1,833
Orange County, Convention Center, RB
5.000%, 10/01/2024		310		314
5.000%, 10/01/2026		755		780
Orange County, Tourist Development Tax Revenue, Ser B, RB
5.000%, 10/01/2032		3,270		3,412
Orlando, Utilities Commission, Ser ES, RB
5.000%, 10/01/2036		3,500		3,713
Osceola County, Transportation Revenue, Ser A-2, RB
0.000%, 10/01/2025 (F)		125		115
0.000%, 10/01/2026 (F)		275		241
0.000%, 10/01/2027 (F)		360		302
Palm Beach County, Health Facilities Authority, Retirement Life Community Project, RB
5.000%, 11/15/2032		5,850		5,928
Pompano Beach, RB
1.450%, 01/01/2027		450		406
Port Saint Lucie, Utility System Revenue, RB
5.000%, 09/01/2029		1,500		1,571
Saint Johns County, Industrial Development Authority, Vicars Landing Project, RB
4.000%, 12/15/2046		305		220
Seminole County, Industrial Development Authority, Legacy Pointe at UCF Project, RB
5.250%, 11/15/2039		3,660		2,930
South Miami, Health Facilities Authority, Baptist Health South Florida, RB
5.000%, 08/15/2031		3,000		3,149
Tampa, Cigarette Tax Allocation, Ser A, RB
0.000%, 09/01/2036 (F)		305		165

SEI Tax Exempt Trust

5

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
The Villages, Community Development District No. 13, Wildwood, SAB
3.000%, 05/01/2029	$	955	$	886
1.800%, 05/01/2026		360		339
The Villages, Community Development District No. 14, Leesburg, SAB
5.125%, 05/01/2037		1,215		1,236
4.750%, 05/01/2032		195		198
Volusia County, Educational Facility Authority, Embry-Riddle Aeronautical University Project, RB
5.000%, 10/15/2026		755		789
4.000%, 10/15/2035		270		274
Wildwood, Utility Dependent District, South Sumter Utility Project, RB, BAM
5.000%, 10/01/2035		550		622
				96,097
Georgia — 2.8%
Appling County, Development Authority, Oglethorpe Power, Hatch Project, RB
1.500%, 01/01/2038 (A)		300		287
Atlanta, Department of Aviation, Ser B, AMT, RB
5.000%, 07/01/2035		1,500		1,658
5.000%, 07/01/2036		1,000		1,095
Atlanta, Water & Wastewater Revenue Authority, RB
Pre-Refunded @ 100
5.000%, 05/01/2025 (D)		5,010		5,147
Bartow County, Development Authority, RB
3.950%, 12/01/2032 (A)		930		920
Burke County, Development Authority, Oglethorpe Power, Hatch Project, RB
1.500%, 01/01/2040 (A)		785		750
Fulton County, Development Authority, RB
5.000%, 04/01/2033		1,000		1,046
Gainesville & Hall County, Hospital Authority, RB
3.000%, 02/15/2051		1,200		851
George L Smith II, Georgia World Congress Center Authority, Convention Center Hotel, RB
5.000%, 01/01/2036 (B)		710		677
4.000%, 01/01/2054		1,000		829
Georgia State, Main Street Natural Gas, Ser A, RB
4.000%, 12/01/2023		375		375
Georgia State, Main Street Natural Gas, Ser A1, RB
5.500%, 09/15/2028		1,915		2,027

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Georgia State, Main Street Natural Gas, Ser B, RB
5.000%, 07/01/2053 (A)	$	1,705	$	1,776
4.000%, 08/01/2049 (A)		3,000		2,994
Georgia State, Main Street Natural Gas, Ser C, RB
5.000%, 09/01/2053 (A)		1,665		1,739
4.000%, 03/01/2050 (A)		6,640		6,589
4.000%, 05/01/2052 (A)		2,000		1,962
Georgia State, Main Street Natural Gas, Ser E-1, RB
5.000%, 12/01/2053 (A)		1,225		1,284
Georgia State, Municipal Electric Authority, Combined Cycle Project, RB
5.000%, 11/01/2027		710		754
Georgia State, Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project, RB
5.000%, 01/01/2032		1,025		1,085
5.000%, 01/01/2035		1,500		1,583
Georgia State, Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project, RB, AGM
4.000%, 01/01/2038		585		591
4.000%, 01/01/2041		650		650
4.000%, 01/01/2046		500		482
Georgia State, Municipal Electric Authority, Project One, Sub-Ser A, RB
5.000%, 01/01/2028		4,140		4,293
Georgia State, Municipal Electric Authority, Sub-Ser A, RB
5.000%, 01/01/2024		555		556
Henry County, Hospital Authority, Piedmont Fayette Hospital Project, RB
5.000%, 07/01/2027		1,390		1,400
Monroe County, Development Authority, Georgie Power Company Project, Plant Scherer, RB
3.875%, 10/01/2048 (A)		260		258
1.000%, 07/01/2049 (A)		730		656
				44,314
Guam — 0.3%
Guam, Power Authority, Ser A, RB
5.000%, 10/01/2032		2,000		2,176
5.000%, 10/01/2033		2,205		2,393
				4,569
Hawaii — 0.3%
Hawaii State, Airports System Revenue, Ser A, AMT, RB
5.000%, 07/01/2032		3,000		3,179

6

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Hawaii State, Ser FW, GO
4.000%, 01/01/2037	$	1,000	$	1,021
				4,200
Idaho — 0.3%
Idaho State, Health Facilities Authority, St. Luke's Health System Project, RB
5.000%, 03/01/2030		500		549
5.000%, 03/01/2031		320		355
5.000%, 03/01/2032		500		560
4.000%, 03/01/2033		575		580
Idaho State, Housing & Finance Association, Single Family Mortgage, Ser C, RB, GNMA/FNMA/FHLMC
5.750%, 01/01/2053		2,500		2,698
				4,742
Illinois — 11.6%
Champaign County, Community Unit School District No. 4 Champaign, Ser A, GO
0.000%, 01/01/2025 (F)		325		312
Chicago, Board of Education, Dedicated Capital Improvement, RB
5.250%, 04/01/2035		380		413
5.250%, 04/01/2036		645		698
5.000%, 04/01/2033		500		511
5.000%, 04/01/2034		620		633
5.000%, 04/01/2036		445		452
Chicago, Board of Education, Ser A, GO
5.000%, 12/01/2032		1,435		1,478
4.000%, 12/01/2047		530		434
Chicago, Board of Education, Ser B, GO
5.000%, 12/01/2027		650		668
5.000%, 12/01/2028		100		103
Chicago, Board of Education, Ser D, GO
5.000%, 12/01/2031		2,840		2,879
5.000%, 12/01/2046		640		608
Chicago, Midway International Airport, Ser A, AMT, RB
5.000%, 01/01/2028		2,970		2,970
Chicago, O'Hare International Airport, AMT, RB
5.000%, 01/01/2036		1,040		1,129
Chicago, O'Hare International Airport, RB, AGM
5.000%, 01/01/2038		1,890		2,090
Chicago, O'Hare International Airport, RB, BAM
5.000%, 01/01/2035		1,515		1,671
5.000%, 01/01/2037		1,130		1,229

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Chicago, O'Hare International Airport, Ser A, AMT, RB
5.000%, 01/01/2029	$	5,000	$	5,036
5.000%, 01/01/2036		1,290		1,363
5.000%, 07/01/2038		1,500		1,515
Chicago, O'Hare International Airport, Ser B, RB
5.000%, 01/01/2030		4,000		4,051
5.000%, 01/01/2033		7,130		7,286
5.000%, 01/01/2035		3,500		3,598
Chicago, O'Hare International Airport, Ser C, RB
5.000%, 01/01/2031		2,450		2,523
Chicago, Ser A, GO
5.500%, 01/01/2035		3,020		3,217
5.250%, 01/01/2029		850		851
4.000%, 01/01/2036		5,550		5,270
Chicago, Ser C, GO
5.000%, 01/01/2026		1,130		1,155
Chicago, Transit Authority, RB
5.000%, 12/01/2046		1,500		1,522
Chicago, Transit Authority, Ser A, RB
5.000%, 12/01/2045		550		566
Chicago, Waterworks Revenue, RB
5.000%, 11/01/2026		1,820		1,910
5.000%, 11/01/2027		2,360		2,461
Chicago, Waterworks Revenue, Second Lien Project, RB
5.000%, 11/01/2029		1,000		1,012
5.000%, 11/01/2034		1,500		1,515
Chicago, Waterworks Revenue, Ser 2017-2, RB, AGM
5.000%, 11/01/2035		5,000		5,246
Chicago, Waterworks Revenue, Ser B, RB, AGM
5.000%, 11/01/2037		470		520
5.000%, 11/01/2038		1,150		1,266
Cook County, Ser A, GO
5.000%, 11/15/2029		500		544
5.000%, 11/15/2033		450		495
Cook County, Ser B, GO
4.000%, 11/15/2026		730		745
Cook County, Tax Revenue Authority, RB
5.000%, 11/15/2035		4,000		4,200
Cook County, Tax Revenue Authority, Ser A, RB
5.000%, 11/15/2031		560		619
Illinois State, Finance Authority, Ascension Health Alliance, RB
4.000%, 02/15/2041		2,145		2,083
Illinois State, Finance Authority, Chicago International Charter School Project, RB
5.000%, 12/01/2037		1,500		1,508

SEI Tax Exempt Trust

7

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Finance Authority, Health Care System Project, RB
5.000%, 05/15/2050 (A)	$	605	$	607
Illinois State, Finance Authority, Health Care System Project, Ser A, RB
5.000%, 11/15/2029		1,885		1,928
Illinois State, Finance Authority, Northshore - Edward-Elhmhurst Health Credit Group, Ser A, RB
5.000%, 08/15/2047		3,265		3,441
Illinois State, Finance Authority, Presence Health Network, Ser C, RB
5.000%, 02/15/2036		2,000		2,062
Illinois State, Finance Authority, University Medical Center Project, Ser A, RB
5.000%, 11/15/2033		1,050		1,062
Illinois State, Finance Authority, University Medical Center Project, Ser B, RB
5.000%, 11/15/2034		2,000		2,021
Illinois State, Finance Authority, University of Illinois Chicago Project, RB
5.000%, 02/15/2026		500		503
5.000%, 02/15/2027		200		202
5.000%, 02/15/2029		400		405
5.000%, 02/15/2031		365		370
Illinois State, GO
5.500%, 05/01/2030		3,750		4,116
5.250%, 02/01/2030		3,350		3,351
5.250%, 02/01/2032		935		935
5.000%, 11/01/2036		2,970		3,019
Illinois State, Housing Development Authority, Homeowner Mortgage, Ser C, RB
3.500%, 08/01/2046		750		740
Illinois State, Housing Development Authority, Ser D, RB, GNMA/FNMA/FHLMC
5.500%, 10/01/2053		1,395		1,485
Illinois State, Housing Development Authority, Ser H, RB, FNMA/GNMA/FHLMC
5.750%, 10/01/2053		400		426
Illinois State, Housing Development Authority, Ser K, RB, FNMA/GNMA/FHLMC
5.250%, 10/01/2043		1,200		1,259
4.950%, 10/01/2038		1,100		1,137
Illinois State, Municipal Electric Agency, Ser A, RB
5.000%, 02/01/2032		5,000		5,101
4.000%, 02/01/2035		3,000		3,002
Illinois State, Rebuild Illinois Program, Ser B, GO
4.000%, 11/01/2035		2,800		2,810

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Regional Transportation Authority, RB, NATL
6.500%, 07/01/2030	$	1,500	$	1,739
Illinois State, Regional Transportation Authority, Ser A, RB, NATL
6.000%, 07/01/2031		1,000		1,159
Illinois State, Ser A, GO
5.500%, 03/01/2042		670		735
5.000%, 03/01/2029		895		964
5.000%, 03/01/2030		2,000		2,178
5.000%, 12/01/2034		780		806
Illinois State, Ser A, RB, BAM
5.000%, 06/15/2028		4,600		4,838
Illinois State, Ser B, GO
5.000%, 03/01/2031		2,000		2,199
4.000%, 10/01/2035		4,020		4,045
Illinois State, Ser C, GO
5.000%, 12/01/2042		2,850		3,015
4.000%, 10/01/2037		215		213
Illinois State, Ser D, GO
5.000%, 11/01/2025		1,585		1,627
5.000%, 11/01/2028		1,000		1,059
Illinois State, Sports Facilities Authority, RB, BAM
5.000%, 06/15/2029		1,500		1,586
Illinois State, Toll Highway Authority, Ser A, RB
5.250%, 01/01/2043		3,090		3,422
5.250%, 01/01/2045		1,910		2,108
5.000%, 12/01/2032		2,000		2,065
Illinois State, Toll Highway Authority, Ser B, RB
5.000%, 01/01/2032		1,250		1,251
Kane County, School District No. 131 Aurora East Side, Ser B, GO, AGM
5.000%, 12/01/2026		815		857
Kendall Kane & Will Counties, School District No. 308, Ser A, GO, AGM
5.000%, 02/01/2025		235		239
5.000%, 02/01/2027		1,055		1,117
Metropolitan Chicago, Water Reclamation District, Ser A, GO
5.000%, 12/01/2031		775		815
Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, RB
5.000%, 12/15/2031		250		263
5.000%, 12/15/2032		255		268
5.000%, 12/15/2033		300		315
5.000%, 12/15/2034		400		420
4.000%, 12/15/2042		1,895		1,819
4.000%, 12/15/2047		4,265		3,917

8

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Railsplitter, Tobacco Settlement Authority, RB
Pre-Refunded @ 100
5.000%, 06/01/2026 (D)	$	2,500	$	2,620
Sales Tax Securitization, RB
5.000%, 01/01/2034		2,500		2,809
Sales Tax Securitization, Ser A, RB
5.000%, 01/01/2026		360		373
5.000%, 01/01/2027		2,000		2,111
5.000%, 01/01/2028		380		408
5.000%, 01/01/2033		3,000		3,390
5.000%, 01/01/2036		3,750		3,999
5.000%, 01/01/2037		1,000		1,037
Sales Tax Securitization, Ser A, RB, BAM
5.000%, 01/01/2037		200		213
Sales Tax Securitization, Ser C, RB
5.000%, 01/01/2037		635		674
University of Illinois, Ser A, RB
5.000%, 04/01/2028		2,035		2,042
				185,052
Indiana — 1.4%
Indiana State, Finance Authority, CHF - Tippecanoe, LLC, Student Housing Project, RB
5.000%, 06/01/2038		200		203
Indiana State, Finance Authority, Stadium Project, Ser A, RB
5.250%, 02/01/2035		2,000		2,052
Indiana State, Finance Authority, Wastewater Utility Revenue, CWA Authority Project, Ser S, RB
5.000%, 10/01/2032		5,025		5,758
4.000%, 10/01/2035		2,725		2,833
4.000%, 10/01/2036		1,485		1,522
Indiana State, Finance Authority, Water Utility Revenue, Citizens Energy Group Project, RB
5.000%, 10/01/2035		2,585		2,979
Indiana State, Housing & Community Development Authority, Ser B-1, RB, GNMA
3.250%, 07/01/2049		335		327
Indiana State, Municipal Power Agency, Ser A, RB
5.000%, 01/01/2032		1,250		1,267
Indianapolis, Local Public Improvement Bond Bank, Indiana Convention Center Hotel, RB
5.500%, 03/01/2038		1,400		1,449
Richmond, Hospital Authority, Reid Hospital Project, RB
5.000%, 01/01/2035		3,400		3,418

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB
4.400%, 11/01/2045 (A)	$	1,000	$	1,005
				22,813
Iowa — 0.4%
Iowa State, Finance Authority, Iowa Fertilizer Company Project, RB
5.000%, 12/01/2050		2,515		2,471
Iowa State, Finance Authority, Ser A, RB, GNMA/FNMA/FHLMC
5.250%, 07/01/2053		1,000		1,042
Iowa State, Tobacco Settlement Authority, Ser A-2, RB
4.000%, 06/01/2035		1,075		1,078
Iowa State, Tobacco Settlement Authority, Sub-Ser B-1, RB
4.000%, 06/01/2049		525		510
PEFA, Gas Project Revenue, RB
5.000%, 09/01/2049 (A)		1,000		1,014
				6,115
Kansas — 0.0%
Wyandotte County, Kansas City Sales Tax, Vacation Village Project, RB
5.000%, 09/01/2027		805		793
Kentucky — 1.0%
Kentucky State, Public Energy Authority, Ser A, RB
4.000%, 12/01/2050 (A)		1,775		1,746
Kentucky State, Public Energy Authority, Ser A-1, RB
4.000%, 08/01/2052 (A)		2,945		2,883
Kentucky State, Public Energy Authority, Ser B, RB
4.000%, 01/01/2049 (A)		9,500		9,431
Louisville & Jefferson County, Metropolitan Government & Health System, RB
5.000%, 10/01/2047 (A)		1,175		1,219
				15,279
Louisiana — 1.3%
Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB
4.273%, 05/01/2043 (A)		390		382
Louisiana State, Highway Improvement, Ser A, RB
Pre-Refunded @ 100
5.000%, 06/15/2024 (D)		1,500		1,514

SEI Tax Exempt Trust

9

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Louisiana State, Public Facilities Authority, Lincoln Preparatory School Project, Ser A, RB
6.125%, 06/01/2037 (B)	$	400	$	393
Louisiana State, Public Facilities Authority, Tulane University Project, Ser A, RB
5.000%, 12/15/2030		3,000		3,143
New Orleans, Aviation Board, Consolidated Rental Car Facility Project, RB, AGM
5.000%, 01/01/2031		1,260		1,362
5.000%, 10/01/2036		1,550		1,644
New Orleans, Aviation Board, General North Terminal Project, Ser B, AMT, RB, AGM
5.000%, 01/01/2028		3,000		3,036
5.000%, 01/01/2032		2,100		2,110
5.000%, 01/01/2033		2,100		2,109
New Orleans, Regional Transit Authority, Ser A, RB, AGM
5.000%, 01/01/2027		515		545
St. John the Baptist Parish, Marathon Oil Project, RB
2.200%, 06/01/2037 (A)		1,000		949
2.100%, 06/01/2037 (A)		2,750		2,702
St. John the Baptist Parish, Marathon Oil Project, Sub-Ser, RB
2.375%, 06/01/2037 (A)		590		560
				20,449
Maine — 0.0%
Maine State, Health & Higher Educational Facilities Authority, Ser A, RB, AGM
4.000%, 07/01/2035		195		199
4.000%, 07/01/2037		265		267
				466
Maryland — 1.5%
Maryland State, Community Development Administration, Ser C, RB
3.500%, 03/01/2050		385		377
Maryland State, Community Development Administration, Ser C, RB, GNMA/FNMA/FHLMC
4.375%, 09/01/2043		710		706
Maryland State, Department of Transportation, RB
4.000%, 10/01/2032		1,500		1,538
Maryland State, Health & Higher Educational Facilities Authority, Adventist HealthCare, RB
5.500%, 01/01/2036		2,000		2,064

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical System, Ser B, RB
5.000%, 07/01/2032	$	5,000	$	5,248
Maryland State, Ser A, GO
5.000%, 03/15/2025		5,000		5,135
Maryland State, Transportation Authority, Baltimore/Washington International Airport, AMT, RB
5.000%, 06/01/2027		4,850		5,077
Montgomery County, Ser A, GO
Pre-Refunded @ 100
5.000%, 11/01/2024 (D)		1,625		1,652
Prince George's County, Episcopal Life Project, RB
5.000%, 04/01/2031		2,000		1,943
				23,740
Massachusetts — 2.5%
Massachusetts State, Development Finance Agency, Beth Israel Lahey Health, Ser M-BETH, RB
5.000%, 07/01/2034		445		504
Massachusetts State, Development Finance Agency, Caregroup Project, Ser H-1, RB
5.000%, 07/01/2025		1,500		1,536
Massachusetts State, Development Finance Agency, Milford Regional Medical Center Project, Ser S, RB
5.000%, 07/15/2025 (B)		120		120
Massachusetts State, Development Finance Agency, Northeastern University, RB
5.000%, 10/01/2028		300		331
5.000%, 10/01/2029		250		279
Massachusetts State, Development Finance Agency, Partners Health Care System, RB
3.900%, 07/01/2049 (A)(B)		550		545
Massachusetts State, Development Finance Agency, Provident Commonwealth Education Resources, RB
5.000%, 10/01/2027		2,965		3,032
Massachusetts State, Development Finance Agency, Suffolk University Project, RB
5.000%, 07/01/2035		150		154
Massachusetts State, Development Finance Agency, UMass Student Housing Project, RB
5.000%, 10/01/2026		2,225		2,271

10

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Educational Financing Authority, AMT, RB
5.000%, 01/01/2025	$	1,000	$	1,013
5.000%, 07/01/2030		1,125		1,197
5.000%, 07/01/2031		1,500		1,606
Massachusetts State, Educational Financing Authority, Ser A, AMT, RB
5.000%, 07/01/2025		2,500		2,548
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2027		915		946
5.000%, 07/01/2028		1,750		1,833
5.000%, 07/01/2029		1,925		2,032
Massachusetts State, Port Authority, Bosfuel Project, Ser A, AMT, RB
5.000%, 07/01/2030		1,330		1,426
Massachusetts State, Port Authority, Ser A, AMT, RB
5.000%, 07/01/2029		1,855		1,945
Massachusetts State, Port Authority, Ser A, RB
5.000%, 07/01/2031		1,250		1,282
Massachusetts State, School Building Authority, Ser C, RB
5.000%, 08/15/2029		1,370		1,416
Massachusetts State, Ser A, GO
5.000%, 01/01/2037		2,500		2,712
Massachusetts State, Ser D, GO
4.000%, 05/01/2034		6,500		6,726
Massachusetts State, Transportation Fund Revenue, Rail Enhancement & Accelerated Program, RB
5.000%, 06/01/2037		1,050		1,057
Massachusetts State, Transportation Trust Fund, Metropolitan Highway System Revenue, Ser A, RB
5.000%, 01/01/2034		3,000		3,269
				39,780
Michigan — 1.8%
Great Lakes, Water Authority, Sewage Disposal System, RB
5.000%, 07/01/2038		1,750		1,969
Great Lakes, Water Authority, Water Supply System, Ser A, RB
5.000%, 07/01/2035		1,000		1,133
Great Lakes, Water Authority, Water Supply System, Ser C, RB
5.000%, 07/01/2031		3,665		3,795
Great Lakes, Water Authority, Water Supply System, Ser D, RB
5.000%, 07/01/2036		5,000		5,153

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Imlay, Community Schools, Ser I, GO, Q-SBLF
5.000%, 05/01/2029	$	420	$	470
Michigan State, Finance Authority, Beaumont-Spectrum Consolidation, RB
5.000%, 04/15/2033		3,610		4,077
Michigan State, Finance Authority, Hospital Trinity Health Credit, RB
5.000%, 12/01/2034		2,000		2,108
Michigan State, Finance Authority, McLaren Health Care, RB
0.750%, 10/15/2025		235		224
Michigan State, Hospital Finance Authority, Ascension Health Care Project, Ser Senior CR, RB
5.000%, 11/15/2047		345		357
Michigan State, Housing Development Authority, Ser B, RB
5.750%, 06/01/2054		2,125		2,262
3.750%, 06/01/2050		175		172
Michigan State, Strategic Fund, I-75 Improvement Project, AMT, RB
5.000%, 12/31/2031		3,500		3,660
Wayne County, Airport Authority, Ser D, RB
5.000%, 12/01/2030		1,300		1,330
5.000%, 12/01/2031		1,800		1,841
				28,551
Minnesota — 0.9%
Apple Valley, Senior Living Project, RB
5.500%, 01/01/2029		1,320		1,254
5.500%, 01/01/2031		1,085		1,012
5.250%, 01/01/2037		475		339
Cass Lake-Bena, Independent School District No. 115, Ser A, GO
4.000%, 02/01/2040		2,395		2,413
4.000%, 02/01/2041		1,910		1,920
Duluth, Independent School District No. 709, Ser A, COP
5.000%, 02/01/2025		500		510
Minneapolis & St. Paul, Metropolitan Airports Commission, Ser C, RB
5.000%, 01/01/2029		300		319
5.000%, 01/01/2031		300		319
Minneapolis & St. Paul, Metropolitan Airports Commission, Sub-Ser B, AMT, RB
4.000%, 01/01/2038		915		898
Minneapolis, Fairview Health Services, Ser A, RB
5.000%, 11/15/2035		2,845		2,953

SEI Tax Exempt Trust

11

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Minnesota State, Higher Education Facilities Authority, St. Olaf College, RB
3.000%, 10/01/2038	$	250	$	214
3.000%, 10/01/2041		1,000		813
Minnesota State, Municipal Power Agency, Ser A, RB
5.000%, 10/01/2025		350		355
5.000%, 10/01/2027		600		608
				13,927
Mississippi — 0.1%
Mississippi State, Ser A, RB
5.000%, 10/15/2029		300		321
5.000%, 10/15/2030		850		904
Mississippi State, Ser E, RB
5.000%, 10/15/2029		1,000		1,022
				2,247
Missouri — 1.2%
Bi-State, Development Agency of the Missouri-Illinois Metropolitan District, RB
4.000%, 10/01/2036		995		1,009
Missouri State, Health & Educational Facilities Authority, CoxHealth, Ser A, RB
5.000%, 11/15/2034		3,000		3,029
Missouri State, Health & Educational Facilities Authority, Mercy Health, RB
4.000%, 06/01/2053		2,000		1,822
Missouri State, Health & Educational Facilities Authority, Saint Lukes Health System, RB
5.000%, 11/15/2028		1,000		1,036
Missouri State, Health & Educational Facilities Authority, SSM Health Care Project, Ser A, RB
5.000%, 06/01/2032		720		801
Missouri State, Housing Development Commission, RB, GNMA/FNMA/FHLMC
3.875%, 05/01/2050		695		688
Missouri State, Housing Development Commission, Ser A, RB, GNMA/FNMA/FHLMC
3.500%, 11/01/2050		465		456
Missouri State, Joint Municipal Electric Utility Commission, Plum Point Project, Ser A, RB
5.000%, 01/01/2029		2,000		2,027
Missouri State, Joint Municipal Electric Utility Commission, Prairie Project, Ser A, RB
5.000%, 12/01/2026		5,135		5,252

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
St Louis, Airport Revenue, St. Louis Lambert International Airport, AMT, RB
5.000%, 07/01/2032	$	595	$	634
5.000%, 07/01/2033		625		665
St Louis, Industrial Development Authority, Confluence Academy Project, RB
5.500%, 06/15/2042 (B)		2,350		2,110
				19,529
Nebraska — 1.2%
Central Plains, Energy Project, Ser A, RB
5.000%, 09/01/2034		1,000		1,067
5.000%, 09/01/2036		4,860		5,065
5.000%, 09/01/2042		730		760
5.000%, 05/01/2054 (A)		1,020		1,062
Nebraska State, Investment Finance Authority, Ser G, RB, GNMA/FNMA/FHLMC
5.150%, 09/01/2043		1,100		1,145
4.950%, 09/01/2038		550		583
Nebraska State, Public Power District, Ser C, RB
5.000%, 01/01/2024		775		776
Nebraska State, Public Power Generation Agency, Whelan Energy Center, RB
5.000%, 01/01/2030		5,500		5,575
Omaha, Public Power District, Ser A, RB
5.000%, 02/01/2041		1,700		1,884
Washington County, Waste Water Authority, AMT, RB
0.900%, 09/01/2030 (A)		700		669
				18,586
Nevada — 0.7%
Clark County, School District, Ser A, GO
5.000%, 06/15/2039		2,115		2,331
Clark County, Stadium Improvement, Ser A, GO
5.000%, 06/01/2043		2,500		2,599
Las Vegas, Convention & Visitors Authority, Ser B, RB
5.000%, 07/01/2024		200		202
5.000%, 07/01/2038		2,000		2,202
Las Vegas, Convention & Visitors Authority, Ser C, RB
5.000%, 07/01/2030		525		530
Nevada State, Department of Business & Industry, Brightline West Passenger Rail Project, AMT, RB
8.125%, 01/01/2050 (A)(B)		1,750		1,772
Reno, Sales Tax Revenue, First Lien, RB
5.000%, 06/01/2037		590		619

12

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Reno, Sales Tax Revenue, Second Lien, RB, AGM
5.000%, 06/01/2033	$	400	$	429
				10,684
New Hampshire — 0.0%
New Hampshire State, National Finance Authority, Springpoints Senior Living Project, RB
4.000%, 01/01/2029		300		285
4.000%, 01/01/2030		285		267
4.000%, 01/01/2031		290		269
				821
New Jersey — 3.7%
New Jersey State, COVID-19 Emergency Bonds, GO
5.000%, 06/01/2025		890		916
4.000%, 06/01/2031		1,000		1,063
4.000%, 06/01/2032		3,070		3,280
New Jersey State, Economic Development Authority, Bridge Project, RB
5.000%, 11/01/2029		285		316
New Jersey State, Economic Development Authority, Continental Airlines Project, AMT, RB
5.625%, 11/15/2030		1,160		1,167
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
5.000%, 06/01/2027		995		1,058
5.000%, 06/01/2037		1,225		1,271
New Jersey State, Economic Development Authority, School Facilities Project, RB
5.000%, 03/01/2028		1,300		1,404
New Jersey State, Economic Development Authority, School Facilities Project, Ser XX, RB
5.250%, 06/15/2027		1,395		1,435
New Jersey State, Educational Facilities Authority, Ser C, RB, AGM
4.000%, 07/01/2050		130		119
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
5.000%, 07/01/2036		2,250		2,338
New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB
5.000%, 07/01/2033		2,590		2,794

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Higher Education Student Assistance Authority, Ser A, AMT, RB
5.000%, 12/01/2030	$	1,400	$	1,491
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2028		1,450		1,529
New Jersey State, Tobacco Settlement Financing, Ser A, RB
5.000%, 06/01/2035		10,000		10,428
New Jersey State, Transportation Trust Fund Authority, Federal Highway Reimbursement Notes, RB
5.000%, 06/15/2028		2,000		2,088
5.000%, 06/15/2029		3,500		3,648
New Jersey State, Transportation Trust Fund Authority, RB
5.250%, 06/15/2039		2,500		2,807
5.000%, 12/15/2024		280		285
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
5.000%, 06/15/2031		955		1,079
5.000%, 06/15/2038		255		285
New Jersey State, Transportation Trust Fund Authority, Ser AA, RB
5.000%, 06/15/2038		1,250		1,395
New Jersey State, Transportation Trust Fund Authority, Ser BB, RB
5.000%, 06/15/2038		3,000		3,363
New Jersey State, Transportation Trust Fund Authority, Ser S, RB
5.000%, 06/15/2032		1,250		1,353
New Jersey State, Turnpike Authority, Ser A, RB
5.000%, 01/01/2033		2,230		2,343
New Jersey State, Turnpike Authority, Ser D, RB
5.000%, 01/01/2028		1,000		1,044
New Jersey State, Turnpike Authority, Ser E, RB
5.000%, 01/01/2031		1,250		1,348
5.000%, 01/01/2032		4,000		4,305
5.000%, 01/01/2033		350		376
Newark, Board of Education, GO, BAM
5.000%, 07/15/2026		525		548

SEI Tax Exempt Trust

13

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
South Jersey Port, Marine Terminal, Sub-Ser B, AMT, RB
5.000%, 01/01/2032	$	285	$	299
5.000%, 01/01/2033		425		444
5.000%, 01/01/2034		570		594
5.000%, 01/01/2036		570		591
				58,804
New Mexico — 0.1%
New Mexico State, Mortgage Finance Authority, Ser A, RB, GNMA/FNMA/FHLMC
3.500%, 01/01/2051		830		814
Santa Fe, Retirement Facilities Revenue, El Castillo Retirement Project, RB
5.000%, 05/15/2034		650		605
				1,419
New York — 7.7%
Build NYC Resource, Kipp Public School, Canal West Project, RB
5.000%, 07/01/2029		450		482
5.000%, 07/01/2031		525		570
Long Island, Power Authority, Ser A, RB
4.000%, 09/01/2037		1,980		2,015
Long Island, Power Authority, Ser B, RB
0.850%, 09/01/2050 (A)		1,500		1,424
Metropolitan New York, Transportation Authority, Ser A-2, RB
5.000%, 11/15/2034 (A)		1,000		1,002
5.000%, 11/15/2045 (A)		500		531
Metropolitan New York, Transportation Authority, Ser C-1, RB
5.000%, 11/15/2031		4,000		4,283
4.000%, 11/15/2032		1,500		1,517
Metropolitan New York, Transportation Authority, Ser D, RB
5.000%, 11/15/2030		1,000		1,036
Metropolitan New York, Transportation Authority, Ser D-1, RB
5.000%, 11/15/2029		1,000		1,023
Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB
5.000%, 07/01/2028		1,325		1,421
Nassau County, Local Economic Assistance, Catholic Health Services of Long Island Project, RB
5.000%, 07/01/2029		1,000		1,006
New York & New Jersey, Port Authority, AMT, RB
5.000%, 09/01/2035		5,000		5,292
5.000%, 01/15/2036		1,000		1,087
5.000%, 08/01/2039		605		641

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Housing Development Authority, RB, FHA
4.600%, 08/01/2048	$	1,090	$	1,084
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
3.000%, 01/01/2033		330		302
3.000%, 01/01/2034		740		670
New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM
5.000%, 03/01/2028		110		118
5.000%, 03/01/2030		100		109
New York City, Ser A-1, GO
5.000%, 08/01/2026		465		491
4.000%, 08/01/2037		4,000		4,070
New York City, Ser B-1, GO
4.000%, 10/01/2035		500		511
New York City, Ser C, GO
4.000%, 08/01/2036		2,750		2,804
New York City, Ser F-1, GO
4.000%, 03/01/2038		1,695		1,710
New York City, Sub-Ser B, GO
5.250%, 10/01/2041		6,240		7,017
5.000%, 10/01/2033		280		326
New York City, Transitional Finance Authority, Building Aid Revenue, Sub-Ser S1A, RB
5.000%, 07/15/2035		1,650		1,813
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser B-1, RB
4.000%, 11/01/2043		2,500		2,469
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser D-S, RB
4.000%, 11/01/2035		185		192
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser F-1, RB
4.000%, 02/01/2038		410		411
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser, RB
5.000%, 05/01/2038		1,040		1,180
New York City, Water & Sewer System, Finance Authority, Sub-Ser, RB
3.000%, 06/15/2040		1,800		1,504
New York State, Dormitory Authority, New York Touro College & University System, Ser A, RB
Pre-Refunded @ 100
5.250%, 07/01/2024 (D)		910		921

14

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Dormitory Authority, Prefunded School Districts, RB, AGM
Pre-Refunded @ 100
5.000%, 10/01/2028 (D)	$	5	$	5
New York State, Dormitory Authority, Ser 2015B-B, RB
5.000%, 03/15/2032		2,500		2,569
5.000%, 03/15/2033		2,500		2,569
New York State, Dormitory Authority, Ser E, RB
4.000%, 03/15/2038		4,845		4,904
3.000%, 03/15/2041		1,500		1,231
New York State, Dormitory Authority, State University Project, Ser A, RB
5.000%, 07/01/2035		2,000		2,115
New York State, Dormitory Authority, Unrefunded School Districts, RB, AGM
5.000%, 10/01/2033		3,245		3,530
New York State, Liberty Development Authority, 1 World Trade Center Project, Ser 1WTC, RB
2.750%, 02/15/2044		610		464
New York State, Liberty Development Authority, 4 World Trade Center Project, RB
2.875%, 11/15/2046		1,170		866
1.200%, 11/15/2028		1,355		1,181
New York State, Mortgage Agency, Ser 189, AMT, RB
3.250%, 04/01/2025		1,000		994
3.150%, 04/01/2024		920		918
New York State, Mortgage Agency, Ser 194, AMT, RB
3.250%, 10/01/2024		1,000		996
New York State, Thruway Authority, Ser A-1-GROUP, RB
4.000%, 03/15/2036		2,895		2,977
3.000%, 03/15/2049		5,000		3,720
New York State, Thruway Authority, Ser J, RB
5.000%, 01/01/2027		2,095		2,097
New York State, Transportation Development Corporation, Delta Air Lines Inc, AMT, RB
5.000%, 01/01/2034		4,000		4,044
5.000%, 10/01/2040		2,625		2,606
New York State, Transportation Development Corporation, Delta Air Lines Inc, LaGuardia Airport Terminals C&D Redevelopment Project, AMT, RB
4.000%, 10/01/2030		4,550		4,388

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Transportation Development Corporation, JFK International Airport Project, AMT, RB
5.500%, 06/30/2039	$	1,000	$	1,051
5.500%, 06/30/2041		1,205		1,256
5.375%, 06/30/2060		1,250		1,250
5.000%, 12/01/2024		125		126
5.000%, 12/01/2025		115		117
5.000%, 12/01/2030		650		692
5.000%, 12/01/2036		4,000		4,208
5.000%, 12/01/2037		3,000		3,141
New York State, Transportation Development Corporation, JFK International Airport Project, AMT, RB, AGM
5.500%, 06/30/2043		1,200		1,279
New York State, Transportation Development Corporation, JFK International Airport Terminal 4 Project, AMT, RB
5.000%, 12/01/2033		775		833
New York State, Urban Development Authority, Personal Income Tax, RB
5.000%, 03/15/2032		2,000		2,005
New York State, Urban Development Authority, Personal Income Tax, Ser E, RB
4.000%, 03/15/2043		2,315		2,286
New York State, Utility Debt Securitization Authority, Ser B, RB
5.000%, 12/15/2035		1,825		1,901
Triborough, Bridge & Tunnel Authority, RB
0.000%, 11/15/2036 (F)		905		531
TSASC, Tobacco Settlement Bonds, Ser A, RB
5.000%, 06/01/2025		1,000		1,016
5.000%, 06/01/2030		525		542
5.000%, 06/01/2031		525		541
Westchester County, Local Development, Pace University Project, Ser A, RB
5.000%, 05/01/2034		2,350		2,355
Westchester County, Local Development, Senior Learning Center Project, RB
2.875%, 07/01/2026 (B)		1,055		1,008
Westchester County, Local Development, Westchester Medical Center Project, RB, AGM
5.000%, 11/01/2047		750		780
Westchester, Tobacco Asset Securitization, Ser B, RB
5.000%, 06/01/2031		2,000		2,067
				122,191

SEI Tax Exempt Trust

15

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
North Carolina — 1.1%
Charlotte, Airport Revenue, Douglas International Airport, AMT, RB
5.000%, 07/01/2037	$	2,250	$	2,430
Charlotte, Airport Revenue, RB
5.000%, 07/01/2026		1,525		1,605
Charlotte-Mecklenburg, Hospital Authority, Atrium Health Group, RB
5.000%, 01/15/2049 (A)		5,000		5,630
Columbus County, Industrial Facilities & Pollution Control Financing Authority, AMT, RB
2.100%, 03/01/2027 (A)		1,565		1,533
Greater Asheville, Regional Airport Authority, Ser A, AMT, RB, AGM
5.000%, 07/01/2031		445		487
North Carolina State, Housing Finance Agency, RB, GNMA/FNMA/FHLMC
3.750%, 07/01/2052		1,635		1,609
North Carolina State, Medical Care Commission, Retirement Facilities First Mortgage, RB
5.000%, 01/01/2029		285		278
North Carolina State, Medical Care Commission, The Forest at Duke Project, RB
4.000%, 09/01/2041		830		671
North Carolina State, Medical Care Commission, Twin Lakes Community, Ser A, RB
5.000%, 01/01/2038		605		587
North Carolina State, Turnpike Authority, RB, AGM
5.000%, 01/01/2034		1,000		1,073
University of North Carolina, Chapel Hill Hospital Project, Ser A-REMK, RB
1.950%, 02/15/2031 (A)		1,000		1,000
				16,903
North Dakota — 0.1%
North Dakota State, Housing Finance Agency, Home Mortgage Finance Program, RB
4.500%, 07/01/2043		760		765
3.550%, 07/01/2033		380		361
				1,126
Ohio — 2.3%
Buckeye, Tobacco Settlement Financing Authority, Ser A-2, RB
5.000%, 06/01/2032		4,325		4,611

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2055	$	3,850	$	3,396
0.000%, 06/01/2057 (F)		7,035		721
Cuyahoga County, Hospital Revenue, Metrohealth System, RB
5.000%, 02/15/2037		3,000		3,036
Hamilton County, Tax Revenue Authority, Ser A, RB
4.000%, 12/01/2032		1,600		1,619
Ohio State, Air Quality Development Authority, RB
4.000%, 09/01/2030 (A)		990		990
Ohio State, Higher Educational Facility Commission, Kenyon College Project, RB
5.000%, 07/01/2035		680		773
5.000%, 07/01/2037		300		333
Ohio State, Hospital Facility Authority, Cleveland Clinic Health Project, RB
5.000%, 01/01/2031		1,250		1,350
2.750%, 01/01/2052 (A)		480		470
Ohio State, Hospital Facility Authority, University Hospital Health System Project, Ser B, RB
5.000%, 01/15/2050 (A)		3,230		3,279
Ohio State, Housing Finance Agency, Ser A, RB
3.000%, 03/01/2052		710		685
Ohio State, Portsmouth Bypass Project, AMT, RB, AGM
5.000%, 12/31/2027		655		665
Ohio State, Water Development Authority, Fresh Water Bonds, Ser A, RB
5.000%, 12/01/2040		5,545		6,234
Ohio State, Water Development Authority, Water Pollution Control Loan Fund, Ser B, RB
5.000%, 12/01/2042		7,000		7,757
Southern Ohio, Port Authority, Purecycle Project, Ser A, AMT, RB
6.250%, 12/01/2025 (B)		1,100		808
				36,727
Oklahoma — 0.2%
Canadian County, Educational Facilities Authority, Mustang Public Schools Project, RB
5.000%, 09/01/2033		930		1,034

16

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Oklahoma State, Development Finance Authority, OU Medicine Project, Ser B, RB
5.250%, 08/15/2043	$	1,510	$	1,451
				2,485
Oregon — 0.6%
Clackamas County, Hospital Facility Authority, Rose Villa Project, Ser A, RB
5.125%, 11/15/2040		500		462
Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO
5.000%, 06/15/2024		250		253
5.000%, 06/15/2025		275		283
Medford, Hospital Facilities Authority, Asante Project, Ser A, RB
5.000%, 08/15/2026		260		271
5.000%, 08/15/2034		1,000		1,091
Oregon State, Facilities Authority, Legacy Health Project, Ser A, RB
5.000%, 06/01/2035		2,500		2,563
Oregon State, GO
5.000%, 05/01/2040		1,970		2,211
Port of Portland, Airport Revenue, Portland International Airport, Ser 28, AMT, RB
4.000%, 07/01/2036		2,000		1,995
Umatilla County, School District No. 8R Hermiston, Ser A, GO
0.000%, 06/15/2027 (F)		1,000		865
				9,994
Pennsylvania — 8.5%
Allegheny County, Hospital Development Authority, Allegheny Health Network Project, RB
5.000%, 04/01/2030		5,000		5,300
Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, RB
5.000%, 05/01/2042 (B)		1,850		1,815
Bucks County, Industrial Development Authority, Lane Charter School Project, RB
5.125%, 03/15/2036		2,000		2,029
East Hempfield Township, Industrial Development Authority, Student Services, Student Housing Project, RB
Pre-Refunded @ 100
5.000%, 07/01/2024 (D)		725		731
5.000%, 07/01/2024 (D)		875		883
Lancaster County, Hospital Authority, Penn State Health, RB
5.000%, 11/01/2046		2,000		2,053

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Lancaster County, Hospital Authority, University of Pennsylvania Health System, Ser B, RB
5.000%, 08/15/2026	$	1,940	$	2,042
Luzerne County, Industrial Development Authority, America Water Project, AMT, RB
2.450%, 12/01/2039 (A)		2,500		2,278
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB
5.000%, 09/01/2033		2,815		2,967
Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB
5.000%, 11/15/2036		4,485		4,514
Moon Township, Industrial Development Authority, Presbyterian Health Care Project, RB
5.625%, 07/01/2030		1,810		1,578
Octorara Area, School District, GO, AGM
4.000%, 04/01/2024		250		251
4.000%, 04/01/2025		650		656
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2026		2,995		3,107
5.000%, 06/01/2032		2,150		2,291
5.000%, 06/01/2033		3,500		3,728
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.000%, 06/30/2034		8,235		8,616
Pennsylvania State, Economic Development Financing Authority, RB
5.000%, 05/15/2039		600		647
Pennsylvania State, Economic Development Financing Authority, University of Pittsburgh Medical Center, Ser A, RB
5.000%, 10/15/2033		2,300		2,572
Pennsylvania State, GO
5.000%, 09/15/2026		2,500		2,652
Pennsylvania State, GO, BAM
4.000%, 03/01/2035		2,000		2,042
Pennsylvania State, Higher Education Assistance Agency, Ser A, AMT, RB
5.000%, 06/01/2031		1,450		1,549
Pennsylvania State, Housing Finance Agency, RB
5.125%, 10/01/2041		1,220		1,285

SEI Tax Exempt Trust

17

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania State, Housing Finance Agency, Ser 142-A, RB
5.500%, 10/01/2053	$	1,125	$	1,186
4.850%, 10/01/2043		4,650		4,752
Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, RB
5.000%, 12/01/2030		5,000		5,235
Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, Sub-Ser, RB
5.000%, 12/01/2033		6,000		6,357
Pennsylvania State, Turnpike Commission, Ser B, RB
5.000%, 12/01/2033		3,000		3,077
5.000%, 12/01/2039		250		276
Pennsylvania State, Turnpike Commission, Sub-Ser B, RB
5.000%, 06/01/2028		3,000		3,129
Philadelphia, Airport Revenue, AMT, RB, AGM
4.000%, 07/01/2040		500		482
Philadelphia, Airport Revenue, Ser B, AMT, RB
5.000%, 07/01/2031		1,000		1,047
Philadelphia, Hospitals & Higher Education Facilities Authority, Temple University Health System Project, RB, AGM
5.000%, 07/01/2036		700		759
Philadelphia, Industrial Development Authority, University Square Apartments Project, RB
5.000%, 12/01/2037		4,665		4,750
Philadelphia, Redevelopment Authority, Ser B, AMT, RB
5.000%, 04/15/2025		1,250		1,272
Philadelphia, School District, Ser A, GO
5.000%, 09/01/2029		1,500		1,640
5.000%, 09/01/2030		1,000		1,072
5.000%, 09/01/2034		1,410		1,556
5.000%, 09/01/2036		2,000		2,104
4.000%, 09/01/2035		5,000		5,075
4.000%, 09/01/2038		3,000		2,980
Philadelphia, School District, Ser F, GO
5.000%, 09/01/2028		3,390		3,534
5.000%, 09/01/2030		7,975		8,298
Philadelphia, Ser A, GO
5.000%, 05/01/2032		5,905		6,644
Philadelphia, Water & Wastewater Revenue, RB
5.000%, 10/01/2033		2,000		2,246
Philadelphia, Water & Wastewater Revenue, Ser B, RB
4.000%, 07/01/2035		3,850		3,863

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Philadelphia, Water & Wastewater Revenue, Ser B, RB, AGM
5.000%, 09/01/2040	$	4,520	$	4,926
Southeastern Pennsylvania, Transportation Authority, RB
5.250%, 06/01/2039		2,250		2,540
West Branch Area, School District, GO, AGM
4.000%, 05/15/2034		390		401
4.000%, 05/15/2037		445		450
				135,237
Puerto Rico — 2.6%
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2027 (C)(G)		2,990		748
Puerto Rico, Electric Power Authority, Ser TT, RB
5.000%, 07/01/2032 (C)(G)		1,000		250
Puerto Rico, Electric Power Authority, Ser WW, RB
5.250%, 07/01/2033 (C)(G)		3,035		759
Puerto Rico, Electric Power Authority, Ser XX, RB
5.250%, 07/01/2040 (C)		2,940		735
Puerto Rico, GDB Debt Recovery Authority, RB
7.500%, 08/20/2040		1,708		1,499
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
4.750%, 07/01/2053		1,000		944
0.000%, 07/01/2046 (F)		10,000		2,938
0.000%, 07/01/2051 (F)		12,042		2,605
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB
4.550%, 07/01/2040		8,625		8,381
0.000%, 07/01/2029 (F)		1,500		1,184
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB
4.329%, 07/01/2040		8,250		7,809
Puerto Rico, Ser A1, GO
5.625%, 07/01/2027		3,400		3,550
4.000%, 07/01/2035		2,010		1,838
4.000%, 07/01/2046		3,600		2,988
Puerto Rico, Sub-Ser CW, GO
0.000%, 11/01/2043 (A)(H)		11,135		5,790
				42,018
Rhode Island — 0.5%
Rhode Island State, Health & Educational Building Authority, Central Falls Public School Projects, RB
4.000%, 05/15/2041		5,420		5,264

18

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Rhode Island State, Health & Educational Building Authority, University of Rhode Island Project, Ser B, RB
5.000%, 09/15/2028	$	1,405	$	1,469
Rhode Island State, Housing & Mortgage Finance, Homeownership Opportunity, Ser 81-A, RB, GNMA
5.250%, 10/01/2043		1,750		1,841
				8,574
South Carolina — 2.1%
Patriots Energy Group, Financing Agency, RB
5.250%, 02/01/2054 (A)		600		637
Piedmont, Municipal Power Agency, Ser B, RB
4.000%, 01/01/2033		5,125		5,195
Piedmont, Municipal Power Agency, Ser E, RB
5.000%, 01/01/2024		485		486
5.000%, 01/01/2025		385		390
South Carolina State, Housing Finance & Development Authority, Ser A, RB
5.750%, 01/01/2054		1,680		1,810
South Carolina State, Housing Finance & Development Authority, Ser B, RB
3.750%, 01/01/2050		520		513
South Carolina State, Jobs-Economic Development Authority, Bons Secours Mercy Health, Ser S, RB
5.000%, 10/01/2035		1,460		1,627
South Carolina State, Jobs-Economic Development Authority, High Point Academy Project, Ser A, RB
5.750%, 06/15/2039 (B)		1,870		1,885
South Carolina State, Port Authority, AMT, RB
5.000%, 07/01/2029		2,250		2,392
5.000%, 07/01/2030		1,500		1,593
4.000%, 07/01/2035		1,160		1,164
South Carolina State, Public Service Authority, Ser A, RB
5.000%, 12/01/2025		385		395
5.000%, 12/01/2031		540		589
5.000%, 12/01/2036		2,750		2,982
4.000%, 12/01/2034		2,000		2,017
4.000%, 12/01/2036		2,250		2,253
4.000%, 12/01/2038		175		172
South Carolina State, Public Service Authority, Ser C, RB
5.000%, 12/01/2026		3,800		3,846

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
South Carolina State, Public Service Authority, Ser E, RB, AGM
5.250%, 12/01/2038	$	2,500	$	2,727
				32,673
South Dakota — 0.2%
South Dakota State, Health & Educational Facilities Authority, Sanford Obligated Group, RB
5.000%, 11/01/2027		830		859
5.000%, 11/01/2028		900		931
5.000%, 11/01/2035		1,005		1,030
South Dakota State, Housing Development Authority, Ser A, RB, GNMA/FNMA/FHLMC
6.000%, 05/01/2054		285		305
South Dakota State, Housing Development Authority, Ser B, RB
4.000%, 11/01/2049		670		665
				3,790
Tennessee — 1.0%
Chattanooga, Commonspirit Health, Ser A, RB
5.000%, 08/01/2034		1,015		1,085
5.000%, 08/01/2035		420		447
Nashville & Davidson County, Metropolitan Government, Health & Educational Facilities Board, Belmont University, RB
5.000%, 05/01/2038		705		760
Nashville & Davidson County, Metropolitan Government, Health & Educational Facilities Board, Vanderbilt University Medical Center, RB
5.000%, 07/01/2033		835		935
Nashville & Davidson County, Metropolitan Government, Sports Authority, Ser A, RB, AGM
5.000%, 07/01/2043		1,300		1,401
Nashville, Metropolitan Government, GO
4.000%, 07/01/2033		3,000		3,094
Tennergy, Ser A, RB
4.000%, 12/01/2051 (A)		2,500		2,460
Tennessee State, Energy Acquisition, RB
4.000%, 11/01/2049 (A)		2,500		2,484
Tennessee State, Energy Acquisition, Ser C, RB
5.000%, 02/01/2027		3,485		3,516
Tennessee State, Housing Development Agency, AMT, RB
4.000%, 07/01/2045		400		399
				16,581

SEI Tax Exempt Trust

19

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Texas — 9.0%
Arlington, Higher Education Finance, RB, PSF-GTD
5.000%, 08/15/2038	$	810	$	887
5.000%, 08/15/2040		695		753
Arlington, Special Tax Revenue, Special Tax, AGM
5.000%, 02/15/2030		2,000		2,036
Austin, Electric Utility Revenue, RB
5.000%, 11/15/2032		1,535		1,608
Austin, Texas Airport System Revenue, Ser B, AMT, RB
5.000%, 11/15/2037		900		912
Austin-Bergstrom, Landhost Enterprises, RB
5.000%, 10/01/2026		465		474
Boerne, Independent School District, GO, PSF-GTD
3.125%, 02/01/2053 (A)		935		928
Central Texas, Regional Mobility Authority, Senior Lien, Ser D, RB
4.000%, 01/01/2037		770		772
Central Texas, Regional Mobility Authority, Ser B, RB
5.000%, 01/01/2036		200		217
Central Texas, Turnpike System, Sub-Ser C, RB
5.000%, 08/15/2031		2,500		2,515
5.000%, 08/15/2033		6,500		6,537
5.000%, 08/15/2037		1,475		1,482
Clear Creek, Independent School District, GO, PSF-GTD
0.280%, 02/15/2038 (A)		640		625
Clear Creek, Independent School District, Ser B-REMK, GO, PSF-GTD
3.600%, 02/15/2035 (A)		1,060		1,062
Clifton, Higher Education Finance, Public Schools Project, RB, PSF-GTD
5.000%, 08/15/2027		1,050		1,061
4.000%, 08/15/2032		1,000		1,021
Collin County, Community College District, Ser A, GO
4.000%, 08/15/2034		2,500		2,584
Corpus Christi, Utility System Revenue, Ser A, RB
5.000%, 07/15/2033		1,500		1,675
Dallas City, Hotel Occupancy Tax Revenue, RB
4.000%, 08/15/2031		1,000		1,005
4.000%, 08/15/2034		500		499

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Dallas City, Love Field, Airport Modernization, AMT, RB
5.000%, 11/01/2030	$	1,000	$	1,022
5.000%, 11/01/2031		1,250		1,277
5.000%, 11/01/2032		2,500		2,547
5.000%, 11/01/2033		1,175		1,193
5.000%, 11/01/2034		1,000		1,016
5.000%, 11/01/2035		1,000		1,013
Dallas County, Utility & Reclamation District, GO
5.000%, 02/15/2028		1,000		1,070
Dallas-Fort Worth, International Airport Revenue, Ser C, AMT, RB
5.000%, 11/01/2031		3,000		3,300
Dayton, Independent School District, GO, PSF-GTD
4.000%, 02/15/2040		3,000		2,958
Denton, Utility System Revenue, RB
5.000%, 12/01/2032		7,500		7,796
El Paso, GO
5.000%, 08/15/2034		2,050		2,137
Frisco, Independent School District, GO, PSF-GTD
4.000%, 08/15/2037		1,935		1,935
Georgetown, Utility System Revenue, RB, AGM
5.000%, 08/15/2037		1,705		1,865
Harris County, Cultural Education Facilities Finance, Memorial Herman Health System, RB
5.000%, 12/01/2025		2,000		2,061
Harris County, Houston Sports Authority, Senior Lien, Ser A, RB
5.000%, 11/15/2028		2,500		2,528
5.000%, 11/15/2029		2,325		2,349
5.000%, 11/15/2030		3,310		3,341
Harris County, Houston Sports Authority, Ser C, RB
5.000%, 11/15/2033		1,100		1,108
Harris County, Industrial Development, RB
4.050%, 11/01/2050 (A)		390		388
Hidalgo County, Regional Mobility Authority, Ser A, RB
5.000%, 12/01/2031		260		273
5.000%, 12/01/2032		300		314
Houston, Airport System Revenue, Sub-Ser B, RB
5.000%, 07/01/2029		3,685		3,994
Houston, Airport System Revenue, Sub-Ser C, AMT, RB
5.000%, 07/01/2029		2,450		2,604
5.000%, 07/01/2032		1,500		1,590

20

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Houston, Airport System Revenue, Sub-Ser, RB, AGM
5.000%, 07/01/2028	$	1,000	$	1,096
5.000%, 07/01/2032		1,500		1,741
Houston, Airport System Revenue, United Airlines Project, AMT, RB
5.000%, 07/01/2029		1,980		1,973
Houston, Hotel Occupancy Tax & Special Revenue, RB
4.000%, 09/01/2025		215		217
4.000%, 09/01/2026		160		164
Lamar, Consolidated Independent School District, GO
5.000%, 02/15/2039		2,000		2,199
Lower Colorado, River Authority, RB
5.000%, 05/15/2031		1,000		1,016
New Hope, Cultural Education Facilities Finance, Children's Health System, Ser A, RB
5.000%, 08/15/2030		1,645		1,755
New Hope, Cultural Education Facilities Finance, Sanctuary LTC Project, RB
5.500%, 01/01/2057		750		520
New Hope, Cultural Education Facilities Finance, Westminster Project, RB
4.000%, 11/01/2055		385		291
North Texas, Tollway Authority, RB
5.000%, 01/01/2035		1,800		1,919
North Texas, Tollway Authority, Ser A, RB
5.000%, 01/01/2031		1,410		1,462
5.000%, 01/01/2034		7,285		7,478
North Texas, Tollway Authority, Ser B, RB
5.000%, 01/01/2031		1,775		1,829
Northwest, Independent School District, GO, PSF-GTD
4.000%, 02/15/2043		7,000		7,025
Pasadena, Independent School District, GO, PSF-GTD
5.000%, 02/15/2039		1,245		1,398
5.000%, 02/15/2040		225		250
5.000%, 02/15/2042		1,425		1,571
San Antonio, Electric & Gas Systems Revenue, RB
5.000%, 02/01/2035		375		428
San Antonio, Electric & Gas Systems Revenue, Ser A, RB
5.000%, 02/01/2033		1,410		1,598
5.000%, 02/01/2034		1,700		1,923
San Antonio, Electric & Gas Systems Revenue, Ser B-REMK, RB
4.000%, 02/01/2033		1,000		1,049

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
San Antonio, Electric & Gas Systems Revenue, Ser Junior Lien, RB
1.750%, 02/01/2049 (A)	$	735	$	703
San Antonio, River Authority, Wastewater System Revenue, RB, BAM
4.000%, 01/01/2039		790		785
Southwest Texas, Independent School District, GO, PSF-GTD
5.000%, 02/01/2035		445		505
Tarrant County, Cultural Education Facilities Finance, Baylor Scott & White Health, RB
5.000%, 11/15/2032		1,500		1,562
Tarrant County, Cultural Education Facilities Finance, Christus Health, Ser A, RB
5.000%, 07/01/2053 (A)		2,000		2,193
Tarrant County, Regional Water District, Water Supply System Revenue, RB
Pre-Refunded @ 100
5.000%, 03/01/2024 (D)		2,500		2,511
Texas State, Municipal Gas Acquisition & Supply I, Senior Lien, Ser D, RB
6.250%, 12/15/2026		750		775
Texas State, Municipal Gas Acquisition & Supply III, RB
5.000%, 12/15/2030		285		293
5.000%, 12/15/2032		715		739
Texas State, Ser B, GO
4.000%, 08/01/2031		435		437
Texas State, Transportation Commission State, Highway Fund, GO
Pre-Refunded @ 100
4.000%, 04/01/2024 (D)		3,500		3,509
Texas State, Transportation Commission State, Highway Fund, GO
5.000%, 04/01/2028		2,630		2,750
Texas State, Water Development Board, RB
5.000%, 10/15/2026		3,750		3,982
Trinity River Authority, Central Regional Wastewater System Revenue, RB
5.000%, 08/01/2032		1,000		1,068
University of Houston, Ser C, RB
5.000%, 02/15/2029		1,000		1,045
University of Texas, Ser B, RB
Pre-Refunded @ 100
5.000%, 07/01/2024 (D)		2,285		2,309
Uptown Development Authority, TA
4.000%, 09/01/2033		400		388
4.000%, 09/01/2035		275		261
				143,049

SEI Tax Exempt Trust

21

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Utah — 0.4%
Salt Lake City, Airport Revenue, Ser A, AMT, RB
5.000%, 07/01/2035	$	5,000	$	5,214
Salt Lake City, Airport Revenue, Ser B, RB
5.000%, 07/01/2035		1,500		1,579
				6,793
Virgin Islands — 0.1%
Virgin Islands, Matching Fund, Special Purpose Securitization, Ser A, RB
5.000%, 10/01/2039		1,065		1,046
Virginia — 1.8%
Arlington County, Industrial Development Authority, Arlington Health System, Virginia Hospital, Ser A, RB
5.000%, 07/01/2053 (A)		880		957
Arlington County, Industrial Development Authority, Virginia Hospital Center, RB
5.000%, 07/01/2026		280		291
5.000%, 07/01/2027		250		265
5.000%, 07/01/2028		375		403
Halifax County, Industrial Development Authority, Virginia Electric & Power Project, RB
1.650%, 12/01/2041 (A)		1,320		1,301
Henrico County, Economic Development Authority, Westminster Canterbury Richmond, RB
5.000%, 10/01/2042		430		439
5.000%, 10/01/2047		1,225		1,234
Norfolk, Economic Development Authority, Sentara Health Care, Ser B, RB
5.000%, 11/01/2048 (A)		1,035		1,124
Virginia State, College Building Authority, 21st Century College Program, RB
5.000%, 02/01/2028		2,000		2,184
Virginia State, Public Building Authority, Ser A, RB
4.000%, 08/01/2038		5,500		5,622
Virginia State, Small Business Financing Authority, AMT, RB
5.000%, 07/01/2035		1,085		1,149
5.000%, 06/30/2042		2,000		2,077
5.000%, 12/31/2047		440		450
4.000%, 07/01/2030		1,140		1,137
4.000%, 07/01/2031		365		363
Virginia State, Small Business Financing Authority, RB
5.000%, 01/01/2026		490		497

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Virginia State, Tobacco Settlement Financing, Sub-Ser C, RB
0.000%, 06/01/2047 (F)	$	34,300	$	8,892
				28,385
Washington — 2.5%
King County, Public Hospital District No. 1, GO
5.000%, 12/01/2027		7,720		8,114
Port of Seattle, AMT, RB
5.000%, 04/01/2028		5,055		5,350
5.000%, 04/01/2036		1,500		1,581
5.000%, 08/01/2041		1,000		1,054
Port of Seattle, RB
4.000%, 06/01/2038		1,000		1,013
Port of Seattle, Ser C, AMT, RB
5.000%, 04/01/2032		1,500		1,506
Washington State, Electric Revenue, Energy Northwest, Columbia Generating Station Project, RB
5.000%, 07/01/2040		2,500		2,751
Washington State, GO
4.000%, 07/01/2036		4,500		4,672
Washington State, Health Care Facilities Authority, Ser A, RB
5.000%, 10/01/2042		1,800		1,800
Washington State, Housing Finance Commission, Social Certificate, Ser A-, RB
3.500%, 12/20/2035		963		886
Washington State, Housing Finance Commission, Transforming Age Project, Ser A, RB
5.000%, 01/01/2034 (B)		745		658
Washington State, Ser A, GO
5.000%, 08/01/2035		1,665		1,900
Washington State, Ser B-BID, GO
5.000%, 02/01/2043		4,685		5,163
Washington State, Ser R-2015E, GO
5.000%, 07/01/2031		2,730		2,778
				39,226
West Virginia — 0.4%
West Virginia State, Economic Development Authority, Appalachian Power Amos Project, RB
3.750%, 12/01/2042 (A)		2,300		2,291

22

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
West Virginia State, Parkways Authority, Turnpike Toll Revenue, RB
5.000%, 06/01/2032	$	1,510	$	1,638
5.000%, 06/01/2034		1,000		1,082
5.000%, 06/01/2035		1,005		1,082
				6,093
Wisconsin — 3.3%
Milwaukee, Ser B4, GO, AGM
5.000%, 04/01/2036		2,965		3,282
University of Wisconsin, Hospitals & Clinics, RB
4.000%, 04/01/2037		500		504
4.000%, 04/01/2039		295		292
Wisconsin State, Center District, Ser C, RB, AGM
0.000%, 12/15/2029 (F)		370		298
Wisconsin State, GO
5.000%, 11/01/2026		1,175		1,250
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, RB
5.000%, 08/15/2031		4,155		4,497
5.000%, 08/15/2054 (A)		2,000		2,083
3.480%, 08/15/2054 (A)		1,125		1,104
Wisconsin State, Health & Educational Facilities Authority, Ascension Health Credit Group, RB
5.000%, 11/15/2030		3,810		3,940
Wisconsin State, Health & Educational Facilities Authority, Children's Hospital of Wisconsin, RB
5.000%, 08/15/2034		1,835		1,935
Wisconsin State, Health & Educational Facilities Authority, Oakwood Lutheran Senior Ministries, RB
4.000%, 01/01/2037		665		481
Wisconsin State, Health & Educational Facilities Authority, Prohealth Care Obligation Group, RB
5.000%, 08/15/2034		1,155		1,161
Wisconsin State, Health & Educational Facilities Authority, St. Camilus Health System, RB
5.000%, 11/01/2028		470		449
5.000%, 11/01/2030		1,035		966
5.000%, 11/01/2039		500		419
Wisconsin State, Health & Educational Facilities Authority, Three Pillars Senior Living Communities, RB
4.000%, 08/15/2041		705		573

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Health & Educational Facilities Authority, Unitypoint Health, Ser A, RB
5.000%, 12/01/2029	$	1,650	$	1,667
Wisconsin State, Housing & Economic Development Authority, Ser B, RB, FHA
0.500%, 11/01/2050 (A)		240		231
Wisconsin State, Public Finance Authority, American Dream @ Meadowlands Project, RB
7.000%, 12/01/2050 (B)		1,390		1,271
Wisconsin State, Public Finance Authority, Appalachian Regional Healthcare System, RB
5.000%, 07/01/2041		750		743
Wisconsin State, Public Finance Authority, Appalachian State University Project, RB, AGM
4.000%, 07/01/2027		225		230
4.000%, 07/01/2028		225		231
4.000%, 07/01/2029		225		229
Wisconsin State, Public Finance Authority, CHF-Manoa LLC, Ser A, RB
5.250%, 07/01/2038 (B)		1,570		1,584
Wisconsin State, Public Finance Authority, Duke Energy Progress Project, RB
3.700%, 10/01/2046 (A)		10,450		10,516
Wisconsin State, Public Finance Authority, Grand Hyatt San Antonio Hotel Acquisition Project, RB
5.000%, 02/01/2042		1,475		1,499
5.000%, 02/01/2052		755		745
5.000%, 02/01/2062		1,845		1,790
Wisconsin State, Public Finance Authority, KU Campus Development Project, RB
5.000%, 03/01/2034		6,880		7,060
Wisconsin State, Public Finance Authority, United Methodist Retirement Facility Project, RB
4.000%, 10/01/2025		285		279
4.000%, 10/01/2026		300		292
4.000%, 10/01/2027		125		120
4.000%, 10/01/2028		250		240
				51,961
Total Municipal Bonds
(Cost $1,632,151) ($ Thousands)				1,580,642

SEI Tax Exempt Trust

23

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Intermediate-Term Municipal Fund (Concluded)

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 0.0%
SEI Daily Income Trust, Government Fund, Institutional Class
5.220%**†		596,346	$	596
Total Cash Equivalent
(Cost $596) ($ Thousands)				596
Total Investments in Securities — 99.4%
(Cost $1,632,747) ($ Thousands)			$	1,581,238

	Percentages are based on Net Assets of $1,590,885 ($ Thousands).
**	The rate reported is the 7-day effective yield as of November 30, 2023.
†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On November 30, 2023, the value of these securities amounted to $34,024 ($ Thousands), representing 2.1% of the Net Assets of the Fund.
(C)	Security is in default on interest payment.
(D)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(E)	Security is escrowed to maturity.
(F)	Zero coupon security.
(G)	Level 3 security in accordance with fair value hierarchy.
(H)	No interest rate available.

The following is a summary of the transactions with affiliates for the period ended November 30, 2023 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 11/30/2023		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	1,037	$	35,177	$	(35,618	)	$	—	$	—	$	596	$	30	$	—

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

See “Glossary” for abbreviations.

24

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 99.7%
Alabama — 8.3%
Black Belt, Energy Gas District, Ser A-1, RB
4.000%, 12/01/2049 (A)	$	3,940	$	3,917
Black Belt, Energy Gas District, Ser C-1, RB
5.250%, 12/01/2025		880		903
Black Belt, Energy Gas District, Ser E, RB
5.000%, 06/01/2024		1,250		1,257
Black Belt, Energy Gas District, Ser S, RB
4.000%, 12/01/2023		2,000		2,000
4.000%, 12/01/2024		1,765		1,763
4.000%, 12/01/2025		7,520		7,508
4.000%, 10/01/2052 (A)		2,500		2,475
Black Belt, Energy Gas District, Sub-Ser, RB
5.011%, 07/01/2052 (A)		2,000		2,006
Columbia, Industrial Development Board, Pollution Control Revenue, Alabama Power Company Project, RB
3.810%, 12/01/2037 (A)		7,000		6,958
Lower Alabama, Gas District, RB
4.000%, 12/01/2023		550		550
4.000%, 12/01/2024		500		499
4.000%, 12/01/2025		730		727
4.000%, 12/01/2050 (A)		10,000		9,936
Mobile, Industrial Development Board, Pollution Control Authority, Barry Plant Project, RB
2.900%, 07/15/2034 (A)		1,000		1,000
Selma, Industrial Development Board, International Paper Co Project, RB
1.375%, 05/01/2034 (A)		5,250		5,006
Southeast Alabama, Energy Authority, Cooperative District Project #4, Ser B-1, RB
5.000%, 08/01/2024		1,300		1,307
Southeast Alabama, Energy Authority, Cooperative District Project #5, Ser A, RB
5.000%, 07/01/2027		2,500		2,569
Southeast Alabama, Gas Supply District, LIBOR Project #2, Ser B, RB
4.506%, 06/01/2049 (A)		17,000		16,964
Southeast Alabama, Gas Supply District, Project #1, Ser A, RB
4.000%, 04/01/2049 (A)		6,850		6,842
Southeast Alabama, Gas Supply District, SIFMA Index Project, Ser C, RB
3.950%, 04/01/2049 (A)		2,500		2,500
				76,687

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Alaska — 0.2%
Alaska State, International Airports System, Ser C, AMT, RB
5.000%, 10/01/2025	$	1,980	$	2,025
Arizona — 1.7%
Arizona State, Health Facilities Authority, RB
3.550%, 01/01/2046 (A)		800		786
Arizona State, Health Facilities Authority, RB
Pre-Refunded @ 100
3.550%, 11/04/2025 (A)(B)		200		200
Arizona State, Industrial Development Authority, Phoenix Children's Hospital, RB
5.000%, 02/01/2025		500		510
Chandler, Industrial Development Authority, Intel Corporation Project, Ser S, AMT, RB
5.000%, 09/01/2052 (A)		1,300		1,342
Maricopa County, Industrial Development Authority, Banner Health, RB
3.870%, 01/01/2035 (A)		3,625		3,618
Maricopa County, Special Health Care District, Ser D, GO
5.000%, 07/01/2024		990		999
Phoenix, Civic Improvement Authority, AMT, RB
5.000%, 07/01/2025		1,100		1,124
Salt Verde Financial Corp, Gas Revenue, RB
5.250%, 12/01/2027		7,000		7,308
				15,887
California — 3.4%
Alameda, Unified School District, Ser A, GO, AGM
0.000%, 08/01/2026 (C)		1,000		917
Bay Area, Toll Authority, RB
3.580%, 04/01/2056 (A)		1,250		1,247
California State, Choice Financing Authority, Clean Energy Project, RB
4.000%, 10/01/2052 (A)		2,660		2,642
California State, Choice Financing Authority, Clean Energy Project, Ser B, RB
4.000%, 08/01/2025		535		537
California State, Choice Financing Authority, Clean Energy Project, Ser S, RB
4.000%, 12/01/2026		450		452
California State, GO
5.000%, 03/01/2027		4,600		4,712

SEI Tax Exempt Trust

25

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Housing Finance Agency, Ser I, RB
5.000%, 05/01/2054 (A)	$	5,500	$	5,719
California State, Infrastructure & Economic Development Bank, Academy of Sciences, RB
3.650%, 08/01/2047 (A)		2,500		2,481
California State, Infrastructure & Economic Development Bank, Brightline West Passenger Rail, AMT, RB
3.650%, 01/01/2050 (A)(D)		2,600		2,593
California State, Municipal Finance Authority, Waste Management Project, AMT, RB
4.800%, 11/01/2041 (A)		2,000		2,009
California State, Municipal Finance Authority, Waste Management Project, Ser A, RB
1.300%, 02/01/2039 (A)(D)		1,500		1,449
Cathedral, Redevelopment Agency, Successor Agency, TA, BAM
4.000%, 08/01/2024		245		246
Newman-Crows Landing, Unified School District, GO
0.000%, 08/01/2025 (C)		500		471
Pittsburg, Redevelopment Agency Successor Agency, TA, AMBAC
0.000%, 08/01/2028 (C)		500		425
Rio, Elementary School District, GO, BAM
0.000%, 07/01/2028 (C)		3,450		2,938
San Mateo County, Community College District, Ser C, GO, NATL
0.000%, 09/01/2025 (C)		1,250		1,185
Southern Kern, Unified School District, Ser D, GO, BAM
0.000%, 11/01/2024 (C)		200		194
Vernon, Electric System Revenue, Ser A, RB
5.000%, 04/01/2024		1,100		1,104
				31,321
Colorado — 2.8%
Colorado State, Health Facilities Authority, Adventhealth Obligated Group Project, RB
5.000%, 11/15/2027		485		509
Colorado State, Health Facilities Authority, Commonspirit Health, RB
5.000%, 11/01/2024		850		859
5.000%, 11/01/2025		350		358
Colorado State, Health Facilities Authority, Commonspirit Health, Ser B, RB
5.000%, 08/01/2049 (A)		1,245		1,260

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Colorado State, Health Facilities Authority, Commonspirit Health, Ser B-2, RB
5.000%, 08/01/2049 (A)	$	2,000	$	2,056
Colorado State, Health Facilities Authority, Intermountain Healthcare, RB
5.000%, 05/15/2062 (A)		615		665
Colorado State, Health Facilities Authority, Intermountain Healthcare, Ser S, RB
3.850%, 05/15/2061 (A)		1,500		1,495
Colorado State, School of Mines, Ser D, RB
4.170%, 12/01/2025 (A)		1,000		1,000
Denver City & County, Airport System Revenue Authority, Ser A, AMT, RB
5.000%, 11/15/2028		260		279
Denver City & County, Airport System Revenue Authority, Ser D, AMT, RB
5.000%, 11/15/2025		2,000		2,051
Denver, Convention Center Hotel Authority, RB
5.000%, 12/01/2026		2,500		2,563
E-470, Public Highway Authority, Ser B, RB
3.961%, 09/01/2039 (A)		7,465		7,441
Regional Transportation District, Denver Transit Partners Eagle P3 Project, RB
5.000%, 01/15/2024		350		350
5.000%, 07/15/2024		300		301
5.000%, 01/15/2025		300		303
5.000%, 07/15/2025		440		449
3.000%, 01/15/2026		405		398
University of Colorado, Green Bonds, Ser C, RB
2.000%, 06/01/2054 (A)		3,855		3,790
				26,127
Connecticut — 2.9%
Connecticut State, Housing Finance Authority, Housing Mortgage Finance Program, RB
0.300%, 11/15/2024		500		484
0.250%, 05/15/2024		750		739
Connecticut State, Housing Finance Authority, RB
3.650%, 11/15/2052 (A)		7,295		7,285
Connecticut State, Housing Finance Authority, Ser A4, RB
3.600%, 11/15/2050 (A)		9,500		9,468
Connecticut State, Ser B, GO
5.000%, 08/01/2025		1,000		1,034
Connecticut State, Ser D, GO
5.000%, 09/15/2025		1,570		1,626
Connecticut State, SIFMA Index Project, Ser A, GO
4.290%, 03/01/2025 (A)		1,815		1,821

26

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Danbury, GO
5.000%, 01/24/2024	$	3,000	$	3,006
Stratford, Ser B, GO
5.000%, 01/30/2024		1,285		1,287
				26,750
Delaware — 0.5%
Delaware State, Economic Development Authority, Delmarva Power & Light Company Project, RB
1.050%, 01/01/2031 (A)		5,100		4,867
District of Columbia — 0.8%
Deutsche Bank Spears, Tender Option Bond Trust Receipts, Ser DBE-8070, RB
3.750%, 08/01/2040 (A)(D)(E)		400		400
District of Columbia, Housing Finance Agency, Parcel 42 Project, RB
1.700%, 09/01/2041 (A)		7,160		6,951
				7,351
Florida — 2.4%
Florida Insurance Assistance Interlocal Agency, Ser A-1, RB
5.000%, 09/01/2028		1,500		1,568
Florida State, Citizens Property Insurance, Coastal Account, Ser A, RB
Pre-Refunded @ 100
5.000%, 12/01/2024 (B)		6,530		6,623
Florida State, Development Finance, Lakeland Regional Health Systems, RB
5.000%, 11/15/2024		1,200		1,215
Jacksonville, Ser A, RB
5.000%, 10/01/2024		1,500		1,524
Lee County, Industrial Development Authority, Shell Point, RB
4.000%, 11/15/2025		210		206
Miami-Dade County, Expressway Authority, Ser B, RB
5.000%, 07/01/2028		1,000		1,009
Miami-Dade County, Industrial Development Authority, Waste Management Project, AMT, RB
3.675%, 11/01/2048 (A)		500		497
Miami-Dade County, Seaport Department, Ser A, AMT, RB
5.000%, 10/01/2029		5,500		5,917
Palm Beach County, Educational Facilities Authority, Palm Beach Atlantic University, RB
4.000%, 10/01/2024		225		225
4.000%, 10/01/2025		235		234

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pasco County, H Lee Moffitt Cancer Center & Research Institute, RB, AGM
5.250%, 09/01/2027	$	300	$	321
Polk County, Housing Finance Authority, Episcopal Catholic Apartments, RB, FHA
4.150%, 12/01/2040 (A)		3,000		3,037
				22,376
Georgia — 4.3%
Atlanta, Water & Wastewater Revenue Authority, Ser A, RB, NATL
5.500%, 11/01/2027		2,825		2,986
Bartow County, Development Authority, Georgia Power Plant, RB
2.875%, 08/01/2043 (A)		1,800		1,752
Burke County, Development Authority, Georgia Power Company Plant Vogtle Project, RB
3.875%, 10/01/2032 (A)		2,500		2,481
2.875%, 12/01/2049 (A)		4,000		3,893
College Park, Business & Industrial Development Authority, Somersby Project, Ser B, RB
1.250%, 07/01/2025 (A)		2,125		2,090
Georgia State, Main Street Natural Gas, Ser A, RB
5.000%, 06/01/2027		1,100		1,130
4.000%, 12/01/2024		1,100		1,096
4.000%, 03/01/2026		500		502
4.000%, 09/01/2026		415		417
Georgia State, Main Street Natural Gas, Ser B, RB
5.000%, 06/01/2025		650		657
5.000%, 03/01/2026		500		512
5.000%, 09/01/2026		575		594
4.000%, 08/01/2049 (A)		18,260		18,221
Georgia State, Main Street Natural Gas, Ser C, RB
4.000%, 05/01/2052 (A)		1,540		1,511
4.000%, 08/01/2052 (A)(D)		1,000		949
Monroe County, Development Authority, Oglethorpe Power Company Project, RB
1.500%, 01/01/2039 (A)		750		716
				39,507
Illinois — 6.5%
Berwyn, Ser A, GO
5.000%, 12/01/2024		820		826
Chicago Heights, Olympic Village Apartments Project, RB, FHA/GNMA
2.875%, 08/01/2027 (A)		2,000		1,968

SEI Tax Exempt Trust

27

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Chicago, O'Hare International Airport, Ser A, AMT, RB
5.000%, 01/01/2027	$	1,000	$	1,007
Chicago, Park District, Ser B, GO
5.000%, 01/01/2026		550		552
5.000%, 01/01/2028		500		501
Chicago, Ser A, GO
5.000%, 01/01/2024		1,900		1,901
5.000%, 01/01/2029		1,500		1,579
Chicago, Ser C, GO
5.000%, 01/01/2024		1,750		1,751
Chicago, Special Assessment Revenue, Lakeshore East Project, SAB
1.990%, 12/01/2023 (D)		276		276
Cook County, School District No. 233 Homewood-Flossmoor, GO
4.000%, 12/01/2023		1,540		1,540
4.000%, 12/01/2024		1,605		1,613
Cook County, School District No. 87 Berkeley, GO, AGM
5.000%, 12/01/2024		500		509
Geneva, GO
4.000%, 02/01/2026		400		407
Granite, Solid Waste Disposal, Waste Management Project, AMT, RB
1.250%, 05/01/2027		4,100		3,683
Illinois State, Finance Authority, American Water Capital Corp Project, RB
3.875%, 05/01/2040 (A)		1,000		999
Illinois State, Finance Authority, Field Museum of Natural History, RB
4.973%, 11/01/2034 (A)		1,940		1,938
Illinois State, Finance Authority, Health Care System Project, RB
5.000%, 05/15/2050 (A)		1,500		1,505
Illinois State, Finance Authority, University of Chicago Medical Center, Ser B-1, RB
5.000%, 08/15/2052 (A)		1,500		1,531
Illinois State, Finance Authority, Waste Management Inc, AMT, RB
4.600%, 10/01/2053 (A)		5,500		5,526
Illinois State, GO
5.000%, 05/01/2030		1,145		1,147
Illinois State, Housing Development Authority, Homeowner Mortgage, Ser C, RB
2.300%, 02/01/2026		1,000		958
Illinois State, Housing Development Authority, Marshall Field Garden Apartment Homes, RB, FNMA
4.300%, 05/15/2050 (A)(E)		1,000		997

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Housing Development Authority, Ser H, RB, GNMA/FNMA/FHLMC
3.470%, 10/01/2053 (A)	$	2,000	$	2,000
Illinois State, Ser A, GO
5.000%, 03/01/2025		705		717
5.000%, 11/01/2026		2,565		2,673
Illinois State, Ser D, GO
5.000%, 11/01/2024		255		258
5.000%, 11/01/2026		2,420		2,523
3.250%, 11/01/2026		13,710		13,444
Illinois State, Sports Facilities Authority, RB, AGM
5.000%, 06/15/2027		1,500		1,506
Illinois State, Toll Highway Authority, Ser C, RB
5.000%, 01/01/2029		120		122
Joliet, Waterworks & Sewerage Revenue, RB
5.000%, 01/01/2024		1,450		1,451
Sales Tax Securitization, Ser A, RB
5.000%, 01/01/2025		1,000		1,018
Sangamon, Logan & Menard Counties, Community Unit School District No. 15, Ser B, GO, BAM
5.000%, 12/01/2023		200		200
University of Illinois, University of Illinios Health Services Facilities System, RB
5.000%, 10/01/2027		375		399
5.000%, 10/01/2028		475		511
Waukegan, Water & Sewer System Revenue, RB, AGM
4.000%, 12/30/2023		250		250
West Chicago, Park District, Ser B, GO, BAM
3.000%, 12/01/2023		220		220
Will County, Community Unit School District No. 201-U Crete-Monee, Ser U-A, GO, BAM
5.000%, 01/01/2028		350		373
				60,379
Indiana — 5.7%
Clark-Pleasant, Community School, GO
5.000%, 01/15/2025		1,030		1,043
Evansville & Vanderburgh County, Building Authority, Lease Rental Revenue, GO, AGM
3.000%, 01/15/2024		250		250
Fort Wayne, Redevelopment Authority, Grand Wayne Center Project, RB
4.000%, 02/01/2025		500		505
4.000%, 08/01/2025		810		821

28

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Indiana State, Finance Authority, Indiana University Health, RB
2.250%, 12/01/2058 (A)	$	7,150	$	6,991
Indiana State, Finance Authority, Indianapolis Power, AMT, RB
0.950%, 12/01/2038 (A)		2,000		1,814
Indiana State, Finance Authority, Southern Indiana Gas and Electric Company Projects, RB
3.550%, 05/01/2037 (A)		1,930		1,917
3.450%, 07/01/2025		14,260		14,152
Indiana State, Housing & Community Development Authority, Bradford Lakes Apartments Project, RB
4.500%, 04/01/2025 (A)		3,000		3,005
Indianapolis, Local Public Improvement Bond Bank, Indianapolis Airport Authority Project, AMT, RB
5.000%, 01/01/2026		1,085		1,113
Indianapolis, Local Public Improvement Bond Bank, Ser A, RB
5.000%, 06/01/2025		650		666
Indianapolis, Local Public Improvement Bond Bank, Ser E, RB, AMBAC
0.000%, 02/01/2025 (C)		3,515		3,370
Rockport, Pollution Control Revenue Bonds, Indiana Michigan Power Company Project, Ser B, RB
3.050%, 06/01/2025		10,465		10,339
Terre Haute, Sanitary District, RB
5.250%, 09/28/2028		1,000		1,002
Westfield, Redevelopment Authority, RB
5.000%, 07/01/2027		480		507
Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB
5.000%, 11/01/2047 (A)		4,865		4,880
				52,375
Kansas — 0.8%
Kansas State, Department of Transportation, Ser C, RB
4.320%, 09/01/2024 (A)		2,925		2,919
Kansas State, Development Finance Authority, University of Kansas Project, Ser A, RB
5.000%, 05/01/2027		1,235		1,265
Reno County, Unified School District No. 308 Hutchinson, GO
3.000%, 09/01/2024		1,000		990

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Valley Center, Ser 1, GO
4.375%, 12/01/2025	$	2,500	$	2,508
				7,682
Kentucky — 2.6%
Kentucky State, Asset Liability Commission, Ser A, RB
5.000%, 11/01/2024		1,200		1,218
Kentucky State, Economic Development Finance Authority, Norton Healthcare Inc, RB, NATL
0.000%, 10/01/2024 (C)		1,145		1,106
Kentucky State, Housing Corporation, Beecher Terrace Phase IV Project, RB, FHA
5.000%, 09/01/2043 (A)		4,315		4,411
Kentucky State, Housing Corporation, Cambridge Square Project, RB
0.300%, 08/01/2024 (A)		1,500		1,490
Kentucky State, Interlocal School Transportation Association, COP
4.000%, 03/01/2024		995		996
4.000%, 03/01/2028		1,255		1,273
Kentucky State, Public Energy Authority, Ser A, RB
4.000%, 12/01/2049 (A)		7,500		7,466
Kentucky State, Public Energy Authority, Ser B, RB
4.000%, 01/01/2049 (A)		2,700		2,680
Trimble County, Environmental Facilities, AMT, RB
4.700%, 06/01/2054 (A)		1,500		1,508
University of Louisville, Ser F, RB
5.000%, 03/01/2027		2,000		2,111
				24,259
Louisiana — 2.7%
Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB
4.273%, 05/01/2043 (A)		1,970		1,930
Louisiana State, Local Government Environmental Facilities & Community Development Authority, East Baton Rouge Sewerage, Sub-Ser, RB
0.875%, 02/01/2046 (A)		2,000		1,927
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Louisiana Insurance Guaranty Association Project, RB
5.000%, 08/15/2026		1,355		1,412
5.000%, 08/15/2027		1,000		1,055

SEI Tax Exempt Trust

29

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Louisiana State, Offshore Terminal Authority, Loop LLC Project, Ser 2007A, RB
1.650%, 09/01/2027 (A)	$	1,255	$	1,255
Louisiana State, Offshore Terminal Authority, Loop LLC Project, Ser 2013C, RB
1.650%, 09/01/2034 (A)		2,060		2,060
Louisiana State, Offshore Terminal Authority, Ser A, RB
4.150%, 09/01/2027		2,500		2,530
Louisiana State, Public Facilities Authority, Ochsner Clinic Foundation Project, RB
5.000%, 05/15/2050 (A)		1,000		1,017
St. John the Baptist Parish, Marathon Oil Project, RB
2.125%, 06/01/2037 (A)		8,000		7,861
2.100%, 06/01/2037 (A)		3,000		2,947
St. John the Baptist Parish, Marathon Oil Project, Sub-Ser, RB
2.375%, 06/01/2037 (A)		1,000		950
				24,944
Maryland — 2.5%
Maryland State, Community Development Administration, Rosemont LP, Ser I, RB
4.375%, 01/01/2025 (D)		6,325		6,332
Maryland State, Community Development Administration, South Street Senior LLC, Ser D, RB
3.150%, 07/01/2024		2,000		1,976
Maryland State, Community Development Administration, Woodside Gardens, Ser A, RB
1.330%, 01/01/2024 (D)		4,000		3,988
Maryland State, Health & Higher Educational Facilities Authority, Frederick Heath System, RB
5.000%, 07/01/2026		450		467
Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical, RB
5.000%, 07/01/2045 (A)		6,250		6,348
Maryland State, Ser A-BID, GO
5.000%, 08/01/2025		1,120		1,160
5.000%, 08/01/2026		1,270		1,343
Maryland State, Stadium Authority, Football Stadium, Ser A, RB
5.000%, 03/01/2026		400		417
5.000%, 03/01/2028		1,090		1,183
				23,214

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts — 1.9%
Boston, Housing Authority, Ser B, RB
5.000%, 04/01/2025	$	400	$	410
Massachusetts State, Development Finance Agency, Partners Health Care System, RB
5.000%, 07/01/2027		2,200		2,265
3.900%, 07/01/2049 (A)(D)		6,250		6,189
Massachusetts State, Development Finance Agency, Springfield College, RB
5.000%, 06/01/2024		1,015		1,019
Massachusetts State, Development Finance Agency, Waste Management Project, AMT, RB
1.250%, 05/01/2027 (D)		2,500		2,246
Massachusetts State, Development Finance Agency, Wellforce, Ser C, RB, AGM
5.000%, 10/01/2027		435		461
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2024		575		579
5.000%, 07/01/2025		850		866
5.000%, 07/01/2026		1,000		1,028
Massachusetts State, Health & Educational Facilities Authority, Partners Health Care System, Ser G, RB, AGM
4.100%, 07/01/2042 (A)		1,325		1,325
Massachusetts State, Housing Finance Agency, Sustainability Bonds, Ser A, RB, FHA
0.450%, 12/01/2024		1,000		968
				17,356
Michigan — 1.8%
Chippewa Valley, Schools, GO, Q-SBLF
5.000%, 05/01/2025		900		923
Michigan State, Hospital Finance Authority, Trinity Health Credit Group, Ser C-, RB
5.000%, 12/01/2025		1,050		1,086
Michigan State, Housing Development Authority, Clark Road Senior Apartments Project, RB
4.500%, 12/01/2042 (A)		5,500		5,546
Michigan State, Housing Development Authority, Rental Housing, Ser A, RB
3.300%, 04/01/2026		6,135		6,082
Wayne County, Airport Authority, Ser F, AMT, RB
5.000%, 12/01/2027		3,010		3,059
				16,696

30

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Minnesota — 1.6%
Central Minnesota, Municipal Power Agency, Southern Twin Cities Transmission Project, RB, AGM
5.000%, 01/01/2024	$	285	$	285
Gibbon, Independent School District No. 2365, Ser A, GO
6.000%, 02/01/2026		280		297
6.000%, 02/01/2027		200		218
Maple Grove, Health Care Facilities Revenue Refunding, Maple Grove Hospital, RB
5.000%, 05/01/2024		1,200		1,206
Minneapolis, Allina Health System, Ser A, RB
5.000%, 11/15/2052 (A)		2,000		2,140
Minneapolis, Fairview Health Services, Ser A, RB
5.000%, 11/15/2026		1,310		1,338
Minneapolis-State, Paul Metropolitan Airports Commission, Sub-Ser S, AMT, RB
5.000%, 01/01/2025		750		760
5.000%, 01/01/2026		450		461
Minnesota State, Higher Education Facilities Authority, Ser A, RB
5.000%, 10/01/2025		335		346
Minnesota State, Housing Finance Agency, Ser C, AMT, RB, GNMA/FNMA/FHLMC
1.200%, 01/01/2027		570		513
1.050%, 07/01/2026		1,145		1,038
0.950%, 01/01/2026		1,140		1,075
0.875%, 07/01/2025		1,130		1,079
0.800%, 01/01/2025		565		547
Minnesota State, Municipal Gas Agency, Ser A, RB
4.000%, 12/01/2024		1,500		1,504
Roseville, Independent School District No. 623, Ser A, COP
5.000%, 04/01/2026		500		512
Southern Minnesota, Municipal Power Agency, Ser A, RB, NATL
0.000%, 01/01/2025 (C)		1,465		1,407
				14,726
Mississippi — 0.5%
Warren County, Environmental Improvement Revenue, International Paper Co Project, AMT, RB
1.600%, 08/01/2027 (A)		2,000		1,913

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Warren County, Gulf Opportunity Zone Revenue, International Paper Co Project, RB
1.375%, 08/01/2027 (A)	$	2,500	$	2,384
				4,297
Missouri — 1.5%
Barry County, Law Enforcement Center Project, COP
5.000%, 10/01/2027		580		607
Centeral Southwest Missouri, Ozarks Technical Community College, COP
5.000%, 03/01/2024		215		216
Jackson County, RB
5.000%, 12/01/2027		1,110		1,187
Missouri State, Environmental Improvement & Energy Resources Authority, Kansas City Power & Light Company Project, Ser R, AMT, RB
3.500%, 05/01/2038 (A)		9,650		9,541
Missouri State, Health & Educational Facilities Authority, Saint Lukes Health System, RB
5.000%, 11/15/2026		565		586
Missouri State, Public Utilities Commission, RB
4.000%, 12/01/2024		2,000		2,003
				14,140
Nebraska — 0.5%
Central Plains, Energy Project, Ser A, RB
5.000%, 05/01/2054 (A)		1,000		1,042
Douglas County, Hospital Authority No. 3, Nebraska Methodist Health System, RB
5.000%, 11/01/2027		1,260		1,295
Gretna, COP
5.000%, 12/15/2025		2,000		2,034
				4,371
New Hampshire — 0.1%
National Finance Authority, New Hampshire Pollution Control Refunding, New York State Electric & Gas Corporation Project, AMT, RB
4.000%, 12/01/2028		525		527
New Jersey — 2.7%
Gloucester County, Improvement Authority, Rowan University Student Center Project, RB
0.600%, 03/01/2024		500		495

SEI Tax Exempt Trust

31

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Economic Development Authority, Municipal Rehabilitation, Ser S, RB
5.250%, 04/01/2026 (A)	$	3,500	$	3,664
New Jersey State, Economic Development Authority, School Facilities Construction Project, RB
5.000%, 03/01/2024		1,500		1,506
4.550%, 09/01/2025 (A)		1,050		1,052
New Jersey State, Economic Development Authority, Ser A, RB
4.125%, 06/15/2026		860		870
New Jersey State, GO
5.000%, 06/01/2027		1,000		1,070
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2025		2,850		2,916
New Jersey State, Housing & Mortgage Finance Agency, New Brunswick Apartments, Ser C2, RB, FHA
3.125%, 02/01/2025 (A)		5,620		5,568
New Jersey State, Transportation Trust Fund Authority, RB
5.000%, 12/15/2024		3,000		3,049
New Jersey State, Transportation Trust Fund Authority, Ser C, RB, AGM
0.000%, 12/15/2029 (C)		770		628
New Jersey State, Transportation Trust Fund Authority, Ser D, RB
5.250%, 12/15/2023		400		400
5.000%, 12/15/2023		680		680
Newark, Board of Education, GO
5.000%, 07/15/2024		600		606
Newark, Ser B, GO, AGM
5.000%, 10/01/2024		1,060		1,074
Passaic, Ser A, GO
5.000%, 08/01/2024		695		703
5.000%, 08/01/2025		700		719
				25,000
New Mexico — 0.2%
Farmington, Pollution Control Revenue Bonds, San Juan Project, RB
3.900%, 06/01/2040 (A)		1,000		999
Santa Fe, Public School District, GO
4.000%, 08/01/2024		600		602
				1,601
New York — 9.1%
Amherst, Industrial Development Agency, RB, FHA/GNMA
3.900%, 04/01/2026 (A)		3,535		3,538

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Cobleskill-Richmondville, Central School District, GO
4.750%, 06/21/2024	$	1,245	$	1,253
Geneva, School District, GO
4.500%, 06/20/2024		2,020		2,026
4.500%, 07/11/2024		4,500		4,515
Hermon-DeKalb, Central School District, GO
4.500%, 06/28/2024		1,000		1,004
Long Island, Power Authority, Ser B, RB
5.000%, 09/01/2052 (A)		3,105		3,273
1.650%, 09/01/2049 (A)		2,945		2,898
0.850%, 09/01/2050 (A)		2,000		1,899
Long Island, Power Authority, Ser C, RB
3.750%, 09/01/2038 (A)		1,585		1,563
Lowville, Ser A, GO
4.625%, 08/22/2024		780		780
Metropolitan New York, Transportation Authority, Ser A2, RB
5.000%, 11/15/2027		1,500		1,557
Metropolitan New York, Transportation Authority, Ser A-2, RB
5.000%, 11/15/2034 (A)		1,790		1,794
Metropolitan New York, Transportation Authority, Ser D, RB
3.941%, 11/01/2035 (A)		2,540		2,536
Metropolitan New York, Transportation Authority, Sub-Ser, RB
5.000%, 11/15/2048 (A)		1,000		1,005
Metropolitan New York, Transportation Authority, Sub-Ser, RB, AGM
4.161%, 11/01/2032 (A)		1,000		1,000
Monroe County, Industrial Development, Rochester Regional Health Project, RB
5.000%, 12/01/2023		400		400
5.000%, 12/01/2024		550		555
New York & New Jersey, Port Authority, Ser 226, AMT, RB
5.000%, 10/15/2025		2,000		2,057
New York City, Health & Hospitals, Ser A, RB
5.000%, 02/15/2024		740		742
New York City, Housing Development Authority, RB, FHA
3.400%, 11/01/2062 (A)		5,000		4,996
0.600%, 05/01/2061 (A)		2,945		2,768
New York City, Industrial Development Agency, Sustainability Bonds, Queens Baseball Stadium Project, RB, AGM
5.000%, 01/01/2024		750		751
New York City, Ser 2-REM, GO
3.500%, 04/01/2042 (A)		7,300		7,300
New York City, Ser C, GO, AGC
5.100%, 10/01/2027 (A)		1,625		1,625

32

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Sub-Ser A-4, GO, AGM
5.030%, 08/01/2026 (A)	$	1,075	$	1,075
New York State, Dormitory Authority, RB
5.000%, 10/01/2024		4,645		4,712
New York State, Housing Finance Agency, Sustainability Bonds, RB, FHA
3.450%, 05/01/2062 (A)		1,000		1,001
New York State, Housing Finance Agency, Sustainability Bonds, Ser E, RB
0.950%, 05/01/2025		2,110		2,000
0.850%, 11/01/2024		1,305		1,266
New York State, Housing Finance Agency, Sustainability Bonds, Ser J, RB, FHA
0.750%, 05/01/2025		3,500		3,296
New York State, Housing Finance Agency, Sustainability Bonds, Ser P, RB
1.600%, 11/01/2024		3,895		3,810
New York State, Transportation Development, JFK International Airport Terminal 4 Project, RB
5.000%, 12/01/2025		800		823
New York State, Transportation Development, Terminal 4 JFK International Airport, AMT, RB
5.000%, 12/01/2026		1,000		1,032
New York State, Transportation Development, Terminal 4 JFK International Airport, RB
5.000%, 12/01/2023		1,800		1,800
5.000%, 12/01/2024		900		912
5.000%, 12/01/2026		1,000		1,045
Niagara, Frontier Transportation Authority, AMT, RB
5.000%, 04/01/2028		1,045		1,098
Oyster Bay, GO, AGM
4.000%, 03/01/2025		1,145		1,157
Triborough, Bridge & Tunnel Authority, Sub-Ser, RB
5.000%, 05/15/2050 (A)		3,000		3,111
Watertown, Enlarged City School District, GO
4.500%, 06/27/2024		2,705		2,716
Yonkers, Ser A, GO, BAM
5.000%, 09/01/2024		565		572
5.000%, 09/01/2025		750		774
Yonkers, Ser B, GO, BAM
5.000%, 10/15/2024		500		508
				84,543
North Carolina — 0.8%
Charlotte, Airport Revenue, Douglas International Airport, AMT, RB
5.000%, 07/01/2029		1,000		1,081

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Charlotte-Mecklenburg, Hospital Authority, Ser C-REM, RB
3.450%, 01/15/2048 (A)	$	1,000	$	1,000
Charlotte-Mecklenburg, Hospital Authority, Ser E, RB
0.800%, 01/15/2048 (A)		1,000		948
Columbus County, Industrial Facilities & Pollution Control Financing Authority, International Paper Co Project, RB
1.375%, 05/01/2034 (A)		1,000		954
North Carolina State, Housing Finance Agency, Ser 47, RB, GNMA/FNMA/FHLMC
0.250%, 01/01/2024		1,930		1,925
North Carolina State, Housing Finance Agency, Wind Crest Senior Living LP, RB
4.500%, 06/01/2024		1,000		1,000
				6,908
North Dakota — 0.3%
Cass County, Joint Water Resource District, Ser A, GO
0.480%, 05/01/2024		1,000		981
Grand Forks, Altru Health System, Ser A, RB, AGM
5.000%, 12/01/2026		100		105
5.000%, 12/01/2027		125		133
5.000%, 12/01/2028		125		135
Larimore, GO
0.850%, 05/01/2024		1,700		1,698
				3,052
Ohio — 3.4%
Allen County, Hospital Facilities Revenue, RB
5.000%, 10/01/2049 (A)		3,500		3,653
American Municipal Power, City of Wapakoneta Project, RB
4.500%, 06/21/2024		3,470		3,482
American Municipal Power, Combined Hydroelectric Project, RB
1.000%, 02/15/2048 (A)		1,465		1,435
American Municipal Power, Village of Grafton Project, RB
4.625%, 04/12/2024		800		802
Cleveland, Airport System Revenue, Ser A, AMT, RB
5.000%, 01/01/2025		910		921
Cuyahoga, Metropolitan Housing Authority, Carver Park Phase III Project, RB, FHA
4.000%, 06/01/2026 (A)		6,500		6,505
Dayton, School District, COP
3.000%, 12/01/2025		170		169

SEI Tax Exempt Trust

33

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Lancaster, Port Authority, Ser A, RB
5.000%, 08/01/2049 (A)	$	3,700	$	3,736
Montgomery County, Premier Health Partners, RB
5.000%, 11/15/2024		1,000		1,009
Ohio State, Air Quality Development Authority, American Electric Company, AMT, RB
2.100%, 12/01/2027 (A)		3,000		2,915
Ohio State, Air Quality Development Authority, Duke Energy, AMT, RB
4.250%, 11/01/2039 (A)		1,500		1,505
Ohio State, Housing Finance Agency, Post Oak Station, RB, FHA
3.350%, 07/01/2025 (A)		2,865		2,846
Ohio State, Housing Finance Agency, Riverview San Marco Apartments, RB, FHA
5.000%, 08/01/2026 (A)		2,140		2,176
Ohio State, University Hospital Project, RB
5.000%, 01/15/2024		200		200
				31,354
Oklahoma — 0.1%
Oklahoma State, Development Finance Authority, Ser A, RB
5.000%, 08/15/2031		810		818
Washington County, Educational Facilities Authority, Dewey Public Schools Project, RB
5.000%, 09/01/2025		400		409
				1,227
Oregon — 1.0%
Deschutes & Jefferson Counties, School District No. 2J Redmond, GO
0.000%, 06/15/2024 (C)		500		491
0.000%, 06/15/2025 (C)		460		436
Lane County, School District No. 1 Pleasant Hill, Ser B-CABS, GO
0.000%, 06/15/2027 (C)		350		309
Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO
0.000%, 06/15/2025 (C)		1,685		1,599
0.000%, 06/15/2026 (C)		2,840		2,609
Multnomah County, School District No. 40, Ser A, GO
0.000%, 06/15/2026 (C)		250		229
0.000%, 06/15/2028 (C)		395		336
Oregon State, Business Development Commission, Intel Corporation Project, Ser 232-RE, RB
3.800%, 12/01/2040 (A)		1,000		1,011

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Salem, Hospital Facility Authority, Capital Manor Project, RB
5.000%, 05/15/2025	$	130	$	130
Washington Multnomah & Yamhill Counties, Hillsboro School District No. 1J, GO
5.000%, 06/15/2026		2,250		2,365
				9,515
Pennsylvania — 4.4%
Allegheny County, Hospital Development Authority, University of Pittsburgh Medical Center, Ser D2-B-REMK, RB
3.720%, 11/15/2024 (A)		1,550		1,543
Allegheny County, Hospital Development Authority, University of Pittsburgh Medical Center, Ser Senior D2-E-REMK, RB
4.000%, 11/15/2047 (A)		3,000		2,960
Bethlehem, School District Authority, RB
3.961%, 01/01/2030 (A)		520		511
3.961%, 07/01/2031 (A)		925		909
3.961%, 01/01/2032 (A)		570		560
Dallastown Area, School District, GO
5.000%, 04/15/2027		520		530
Lackawanna County, Industrial Development Authority, Scranton University, RB
5.000%, 11/01/2024		250		253
Lehigh County, General Purpose Authority, Lehigh Valley Academy, RB
4.000%, 06/01/2024		600		599
Lehigh County, Industrial Development Authority, PPL Electric Utilities, RB
2.625%, 02/15/2027		1,000		969
Monroeville, Finance Authority, University of Pittsburgh Medical Center, Ser C, RB
5.000%, 05/15/2028		570		614
New Hampshire State, Health & Education Facilities Authority Act, Elliot Hospital, RB
4.500%, 11/01/2035 (A)		1,000		995
Parkland, School District, Ser A, GO
4.000%, 02/01/2025		100		101
Pennsbury, School District, GO
4.000%, 08/01/2024		1,260		1,266
Pennsylvania State, Economic Development Financing Authority, Waste Management Project, AMT, RB
3.700%, 06/01/2041 (A)		500		497
1.750%, 08/01/2038 (A)		7,250		7,152

34

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania State, GO
5.000%, 10/01/2024	$	2,300	$	2,336
5.000%, 01/01/2028		3,020		3,210
4.000%, 04/01/2029		1,000		1,001
Pennsylvania State, Housing Finance Agency, RB, FHA
1.250%, 02/01/2025 (A)		4,000		3,981
Pennsylvania State, Housing Finance Agency, Ser 120, RB
2.350%, 04/01/2027		1,295		1,240
Pennsylvania State, Turnpike Commission, RB
4.150%, 07/15/2041 (A)		2,500		2,493
Pennsylvania State, Turnpike Commission, Ser A, RB
4.000%, 12/01/2025		895		913
Pennsylvania State, Turnpike Commission, Ser A, RB, AGM
5.250%, 07/15/2025		1,000		1,035
Philadelphia, Industrial Development Authority, Life Donor Program, RB
3.250%, 12/01/2034 (A)(E)		300		300
Philadelphia, School District, Ser A, GO
5.000%, 09/01/2027		1,155		1,230
Philadelphia, School District, Ser A, RB
5.000%, 06/28/2024		2,500		2,518
Wilkes-Barre, Finance Authority, University of Scranton, Ser A, RB
5.000%, 11/01/2024		475		481
				40,197
Puerto Rico — 0.0%
Puerto Rico, Industrial Tourist Educational Medical & Enviromental Control Facilities Financing Authority, RB
5.000%, 07/01/2024		140		141
South Carolina — 0.1%
South Carolina, Ports Authority, AMT, RB
5.000%, 07/01/2024		275		277
5.000%, 07/01/2027		400		419
				696
Tennessee — 0.4%
Johnson City, Health & Educational Facilities Board, Ballad Health, Ser A, RB
5.000%, 07/01/2024		500		503
5.000%, 07/01/2027		400		420
5.000%, 07/01/2028		400		425
Knox County, Health Educational & Housing Facility Board, Westview Towers Project, RB, FHA
3.950%, 12/01/2027 (A)		500		499

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Tennergy, Gas Revenue, Ser A, RB
5.500%, 12/01/2027	$	750	$	784
5.250%, 12/01/2026		700		719
4.000%, 09/01/2024		500		500
				3,850
Texas — 13.8%
Arlington, Higher Education Finance, Trinity Basein Preparatory, RB, PSF-GTD
5.000%, 08/15/2026		320		336
Arlington, Housing Finance, RB
4.500%, 04/01/2041 (A)		5,000		5,090
3.500%, 11/01/2043 (A)		11,000		10,990
Beaumont, GO
5.000%, 03/01/2024		265		266
Cameron County, Housing Finance, RB
3.500%, 12/01/2024 (A)		1,000		1,000
Central Texas, Regional Mobility Authority, Ser F, RB
5.000%, 01/01/2025		1,500		1,512
Clear Creek, Independent School District, GO, PSF-GTD
0.280%, 02/15/2038 (A)		1,000		977
Clear Creek, Independent School District, Ser B-REMK, GO, PSF-GTD
3.600%, 02/15/2035 (A)		1,500		1,502
Clifton, Higher Education Finance, Ser A, RB
5.000%, 08/15/2024		350		353
Coastal Bend, Health Facilities, Ser B, RB, AGM
5.100%, 07/01/2031 (A)		125		125
Conroe, Municipal Management District No. 1, GO, BAM
6.500%, 09/01/2025		670		703
6.500%, 09/01/2026		390		420
6.500%, 09/01/2027		635		702
6.500%, 09/01/2028		245		277
Cypress-Fairbanks, Independent School District, Ser B, GO, PSF-GTD
0.280%, 02/15/2040 (A)		1,365		1,333
Dallas City, Hotel Occupancy Tax Revenue, RB
5.000%, 08/15/2024		505		510
Dallas City, Housing Finance Corporation, Multifamily Housing Revenue, Rosemont at Ash Creek Apartments, RB, FHA
5.000%, 07/01/2026 (A)		2,750		2,817
Dallas City, Housing Finance Corporation, Multifamily Housing Revenue, The Positano, RB, FHA
5.000%, 09/01/2026 (A)		2,235		2,285

SEI Tax Exempt Trust

35

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Dallas City, Kay Bailey Hutchinson Convention Center, Special Tax
6.000%, 08/15/2053 (A)(D)	$	1,500	$	1,522
Dallas-Fort Worth, International Airport Revenue, RB
5.000%, 11/01/2024		1,500		1,524
Dallas-Fort Worth, International Airport Revenue, Ser A, RB
5.000%, 11/01/2024		1,000		1,016
Denton, Independent School District, GO, PSF-GTD
5.000%, 08/15/2026		1,000		1,055
El Paso, Independent School District, Ser R, GO
5.000%, 02/01/2040 (A)		1,960		2,022
Fort Bend County, Ser B, GO
5.000%, 03/01/2029		1,250		1,273
Fort Bend, Independent School District, Ser B, GO, PSF-GTD
0.875%, 08/01/2050 (A)		765		731
0.720%, 08/01/2051 (A)		845		789
Fort Bend, Independent School District, Ser B-REMK, GO, PSF-GTD
3.650%, 08/01/2052 (A)		2,000		2,000
Galveston, Public Facility, The Oleanders at Broadway, RB, FHA
0.470%, 08/01/2025 (A)		1,500		1,463
Greater Texoma, Utility Authority, RB, AGM
4.000%, 10/01/2027		385		397
4.000%, 10/01/2028		525		544
Greater Texoma, Utility Authority, Ser A, RB, BAM
5.000%, 10/01/2028		800		869
Hale Center, Education Facilities, Wayland Baptist University Project, RB
5.000%, 03/01/2024		850		852
5.000%, 03/01/2025		450		454
Harlandale, Independent School District, GO, BAM
2.000%, 08/15/2040 (A)		3,135		3,103
Harris County, Cultural Education Facilities Finance, Memorial Hermann Health System, RB
5.000%, 06/01/2032 (A)		1,625		1,647
Harris County, Cultural Education Facilities Finance, Texas Medical Center, Ser A, RB
0.900%, 05/15/2050 (A)		1,000		954
Harris County, Health Facilities Development, Christus Health Project, Ser A, RB, AGM
5.100%, 07/01/2031 (A)		1,250		1,250

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Harris County, Municipal Utility District No. 1, GO, AGM
4.000%, 09/01/2025	$	635	$	642
4.000%, 09/01/2026		665		678
4.000%, 09/01/2027		695		714
4.000%, 09/01/2028		725		748
4.000%, 09/01/2029		755		773
Harris County, Municipal Utility District No. 502, GO, BAM
7.250%, 09/01/2025		455		483
7.250%, 09/01/2026		470		519
7.250%, 09/01/2027		480		547
7.250%, 09/01/2028		495		581
Harris-Waller Counties, Municipal Utility District No. 4, GO, BAM
7.250%, 11/01/2025		115		123
7.250%, 11/01/2026		230		252
7.250%, 11/01/2027		350		394
7.250%, 11/01/2028		345		399
7.250%, 11/01/2029		390		459
Housing Synergy PFC, Multifamily Housing, Villages of Westlake Apartments, RB, FHA
3.500%, 08/01/2025 (A)		1,753		1,747
Houston, East Downtown, Redevelopment Authority, TA
5.000%, 09/01/2025		295		300
Houston, Hotel Occupancy Tax & Special Revenue, RB
5.000%, 09/01/2025		1,000		1,012
Houston, Independent School District, GO, PSF-GTD
3.500%, 06/01/2039 (A)		9,590		9,604
Katy, Independent School District, GO, PSF-GTD
1.500%, 08/15/2050 (A)		1,000		986
Kermit, Independent School District, GO, PSF-GTD
5.000%, 02/15/2025		200		204
Kilgore, Independent School District, GO, PSF-GTD
2.000%, 02/15/2052 (A)		2,190		2,133
Midlothian, Independent School District, Ser C, GO, PSF-GTD
2.000%, 08/01/2051 (A)		2,000		1,975
New Caney, Independent School District, GO, PSF-GTD
1.250%, 02/15/2050 (A)		1,305		1,283
North East Texas, Independent School District, GO, PSF-GTD
3.600%, 08/01/2052 (A)		3,000		2,999

36

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
North Hays County, Municipal Utility District No. 1, GO, BAM
3.000%, 08/15/2024	$	325	$	323
3.000%, 08/15/2025		335		331
North Texas, Tollway Authority, Ser A, RB
5.000%, 01/01/2026		1,735		1,803
5.000%, 01/01/2027		1,535		1,628
Odessa, Junior College District, RB, AGM
4.000%, 07/01/2024		325		327
Plainview, Independent School District, Ser B-REMK, GO, PSF-GTD
4.000%, 02/15/2050 (A)		1,310		1,324
Port Arthur, Port Authority, RB, BAM
5.000%, 02/15/2026		200		208
Prosper, Independent School District, GO, PSF-GTD
3.000%, 02/15/2053 (A)		3,045		3,012
San Antonio, Electric & Gas Systems Revenue, RB
4.170%, 02/01/2048 (A)		2,500		2,496
3.650%, 02/01/2053 (A)		1,000		991
San Antonio, Electric & Gas Systems Revenue, Ser A, RB
1.750%, 02/01/2033 (A)		8,705		8,520
San Antonio, Housing Trust Finance, Echo East Apartments, Ser A, RB, FNMA
0.500%, 05/01/2024		1,190		1,176
San Antonio, Water System, Ser 2013F-REMK, RB
1.000%, 05/01/2043 (A)		1,120		1,007
San Antonio, Water System, Ser B-REM, RB
3.950%, 05/01/2044 (A)		6,850		6,811
San Antonio, Water System, Ser Junior A, RB
2.625%, 05/01/2049 (A)		1,900		1,889
Tarrant County, Cultural Education Facilities Finance, Baylor Scott & White Health Project, RB
5.000%, 11/15/2052 (A)		1,075		1,112
Tarrant County, Cultural Education Facilities Finance, Buckner Retirement Services Project, RB
5.000%, 11/15/2025		1,370		1,378
Texas State, Municipal Gas Acquisition & Supply I, Ser Senior B, RB
4.500%, 12/15/2026 (A)		1,260		1,250
Texas State, Municipal Gas Acquisition & Supply II, Ser C, RB
4.433%, 09/15/2027 (A)		2,585		2,543
Texas State, Municipal Gas Acquisition & Supply III, RB
5.000%, 12/15/2023		500		500

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Texas State, Municipal Gas Acquisition & Supply IV, Ser A, RB
5.250%, 01/01/2026	$	1,000	$	1,021
5.250%, 01/01/2028		3,185		3,313
Williamson County, Municipal Utility District No. 19a, Ser A, GO, BAM
4.500%, 08/15/2024		245		246
4.500%, 08/15/2025		250		254
				127,681
Utah — 0.2%
Ogden, School District, GO
5.000%, 06/15/2026		1,250		1,315
Salt Lake City, Airport Revenue, Ser A, AMT, RB
5.000%, 07/01/2026		200		206
				1,521
Virginia — 1.3%
Halifax County, Industrial Development Authority, Virginia Electric & Power Project, RB
1.650%, 12/01/2041 (A)		2,000		1,971
Harrisonburg, Redevelopment & Housing Authority, Wesley Apartments Project, RB
4.000%, 12/01/2028 (A)		1,650		1,660
Isle of Wight County, Economic Development Authority, RB, AGM
5.000%, 07/01/2029		500		546
5.000%, 07/01/2030		550		607
Louisa, Industrial Development Authority, Virginia Electric & Power Project, RB
1.650%, 11/01/2035 (A)		5,500		5,422
Virginia State, Housing Development Authority, Ser C, RB
3.900%, 01/01/2030		315		317
3.800%, 07/01/2029		355		358
Virginia State, Port Authority, Commonwealth Port Fund, AMT, RB
Pre-Refunded @ 100
5.000%, 07/01/2025 (B)		500		512
Virginia State, Small Business Financing Authority, The Obligated Group of National Senior Campuses Inc, RB
5.000%, 01/01/2025		1,000		1,007
				12,400
Washington — 1.3%
Central Puget Sound, Regional Transit Authority, Motor Vehicle Sales & Use Tax, Ser 2015S, RB
3.500%, 11/01/2045 (A)		6,000		5,896

SEI Tax Exempt Trust

37

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
King County, School District No. 405 Bellevue, GO
5.000%, 12/01/2024	$	2,500	$	2,546
Port of Seattle, AMT, RB
5.000%, 08/01/2026		1,500		1,554
Seattle, Housing Authority, Northgate Plaza Project, RB
1.000%, 06/01/2026		1,000		928
Skagit County, Public Hospital District No. 1, RB
4.000%, 12/01/2026		1,000		995
Washington State, Higher Education Facilities Authority, Seattle University Project, RB
5.000%, 05/01/2024		160		161
Washington State, Housing Finance Commission, Emerald Heights Project, Ser A, RB
5.000%, 07/01/2025		350		354
				12,434
West Virginia — 1.4%
West Virginia, Economic Development Authority, Appalachian Power Amos Project, RB
2.550%, 03/01/2040 (A)		2,515		2,499
West Virginia, Economic Development Authority, RB
3.750%, 12/01/2042 (A)		10,000		9,960
				12,459
Wisconsin — 3.0%
Clayton Town, Winnebago County, Ser B, RB
2.000%, 06/01/2026		1,155		1,095
Dane County, Airport Project, AMT, GO
5.000%, 06/01/2025		2,015		2,066
5.000%, 06/01/2026		2,120		2,194
5.000%, 06/01/2027		2,230		2,343
Milwaukee, Ser B3, GO
4.000%, 03/15/2028		1,115		1,122
PMA Levy & Aid Anticipation Notes Program, Ser B, RB
5.000%, 09/25/2024		1,000		1,011
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, Ser S, RB
5.000%, 08/15/2054 (A)		1,000		1,040
Wisconsin State, Health & Educational Facilities Authority, Rogers Memorial Hospital, RB
5.000%, 07/01/2029		310		311

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Health & Educational Facilities Authority, UnityPoint Health, Ser A, RB
5.000%, 12/01/2028	$	1,300	$	1,314
Wisconsin State, Housing & Economic Development Authority, Ser A, RB
0.700%, 09/01/2025		1,245		1,162
0.650%, 03/01/2025		1,700		1,614
Wisconsin State, Housing & Economic Development Authority, Ser B, RB, FHA
0.500%, 11/01/2050 (A)		600		577
Wisconsin State, Public Finance Authority, Duke Energy Progress Project, RB
3.300%, 10/01/2046 (A)		1,000		999
Wisconsin State, Public Finance Authority, Renown Regional Medical Center Project, RB
5.000%, 06/01/2024		1,120		1,126
Wisconsin State, Public Finance Authority, Waste Management Project, AMT, RB
1.100%, 04/01/2033 (A)		3,000		2,769
Wisconsin State, Ser 1, GO
5.000%, 05/01/2024		6,500		6,550
				27,293
Wyoming — 0.2%
Sublette County, Hospital District, Hospital Contruction Project, Ser A, RB
5.000%, 06/15/2026		2,000		2,002
Total Municipal Bonds
(Cost $936,574) ($ Thousands)				921,738
TAX-EXEMPT COMMERCIAL PAPER — 0.3%
Mercer County
4.050%, 01/04/2024		1,000		1,000
3.950%, 01/02/2024		1,865		1,866
Total Tax-Exempt Commercial Paper
(Cost $2,865) ($ Thousands)				2,866
Total Investments in Securities — 100.0%
(Cost $939,439) ($ Thousands)			$	924,604

	Percentages are based on Net Assets of $925,061 ($ Thousands).
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.

38

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Short Duration Municipal Fund (Concluded)

(C)	Zero coupon security.
(D)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On November 30, 2023, the value of these securities amounted to $25,944 ($ Thousands), representing 2.8% of the Net Assets of the Fund.
(E)	Securities are held in connection with a letter of credit issued by a major bank.

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

39

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

California Municipal Bond Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 101.4%
California — 101.4%
ABAG, Finance Authority for Nonprofit, Windemere Ranch Infrastructure Project, Ser A, Special Tax, AGM
5.000%, 09/02/2025	$	990	$	1,022
Anaheim, Housing & Public Improvements Authority, Electric Utility Generation System Improvements, Ser S, RB
5.000%, 10/01/2034		1,000		1,083
Anaheim, Redevelopment Agency Successor Agency, Ser A, TA
5.000%, 02/01/2027		2,000		2,131
5.000%, 02/01/2028		3,000		3,259
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.250%, 11/01/2054 (A)		4,000		4,167
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		5,000		4,875
California State, Community Choice Financing Authority, Clean Energy Project, Ser D, RB
5.500%, 05/01/2054 (A)		2,000		2,114
California State, Educational Facilities Authority, Chapman University Project, Ser A, RB
5.000%, 04/01/2029		400		441
5.000%, 04/01/2030		425		473
5.000%, 04/01/2031		470		529
California State, Educational Facilities Authority, Stanford University Project, Ser V-3, RB
5.000%, 06/01/2033		2,055		2,474
California State, GO
5.000%, 08/01/2027		2,000		2,114
5.000%, 08/01/2028		2,665		2,872
5.000%, 08/01/2031		5,000		5,357
5.000%, 11/01/2031		7,500		8,611
5.000%, 09/01/2032		1,000		1,183
5.000%, 09/01/2035		1,000		1,186
5.000%, 10/01/2035		5,000		5,892
California State, GO, AGM
5.250%, 08/01/2032		2,000		2,369
California State, Health Facilities Financing Authority, Children's Hospital of Orange County, RB
5.000%, 11/01/2027		1,500		1,631
California State, Health Facilities Financing Authority, City of Hope Project, RB
5.000%, 11/15/2027		1,200		1,213

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser 2006-C, RB
5.000%, 06/01/2041 (A)	$	4,000	$	4,426
California State, Health Facilities Financing Authority, St. Joseph Health System, RB
5.000%, 10/01/2039 (A)		1,500		1,579
California State, Health Facilities Financing Authority, Stanford Health Care, RB
3.000%, 08/15/2054 (A)		2,000		2,000
California State, Health Facilities Financing Authority, Stanford Health Care, Ser A, RB
5.000%, 11/15/2027		1,000		1,088
California State, Health Facilities Financing Authority, Sutter Health Project, Ser A, RB
5.000%, 11/15/2026		500		529
California State, Housing Finance Agency, Ser 2, RB
4.000%, 03/20/2033		936		931
California State, Housing Finance Agency, Ser A, RB
4.250%, 01/15/2035		1,402		1,380
California State, Infrastructure & Economic Development Bank, Academy Motion Picture Art, RB
5.000%, 11/01/2030		3,000		3,429
California State, Infrastructure & Economic Development Bank, Academy Motion Picture Art, Ser B, RB
5.000%, 11/01/2029		2,125		2,385
California State, Infrastructure & Economic Development Bank, National Charter School Revolving Loan Fund, Ser B, RB
5.000%, 11/01/2031		535		592
5.000%, 11/01/2032		850		946
California State, Municipal Finance Authority, Biola University Project, RB
5.000%, 10/01/2024		1,110		1,118
California State, Municipal Finance Authority, Community Medical Centers, Ser A, RB
5.000%, 02/01/2025		1,000		1,012
California State, Municipal Finance Authority, Eisenhower Medical Center, Ser A, RB
5.000%, 07/01/2025		500		508
5.000%, 07/01/2027		1,170		1,223
California State, Municipal Finance Authority, Eisenhower Medical Center, Ser B, RB
5.000%, 07/01/2026		450		464

40

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

California Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Municipal Finance Authority, Humangood Obligation Group, Ser A, RB
4.000%, 10/01/2029	$	1,260	$	1,263
California State, Municipal Finance Authority, Linxs APM Project, AMT, RB
5.000%, 12/31/2028		1,000		1,047
5.000%, 06/30/2029		1,300		1,359
5.000%, 12/31/2029		1,000		1,045
California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM
5.000%, 05/15/2029		700		751
5.000%, 05/15/2030		900		973
California State, Municipal Finance Authority, Republic Services Inc Project, AMT, RB
4.375%, 09/01/2053 (A)		2,000		2,015
California State, Municipal Finance Authority, UCR North District, Phase 1 Student Project, RB, BAM
5.000%, 05/15/2026		500		518
California State, Municipal Finance Authority, Waste Management Project, Ser A, RB
1.300%, 02/01/2039 (A)(B)		2,000		1,931
California State, Pollution Control Financing Authority, Waste Management Project, AMT, RB
2.500%, 11/01/2038 (A)		1,125		1,117
California State, Public Works Board, Ser B, RB
5.000%, 10/01/2028		1,885		2,033
California State, Public Works Board, Ser B, RB
Pre-Refunded @ 100
5.000%, 10/01/2027 (C)		120		131
California State, Public Works Board, Various Capital Projects, RB
5.000%, 12/01/2035		2,000		2,333
California State, Statewide Communities Development Authority, Kaiser Permanente Project, Ser 2004-M, RB
5.000%, 04/01/2038 (A)		4,000		4,426
California State, Statewide Communities Development Authority, Student Housing, University of California, Irvine Campus Apartments, RB, BAM
4.000%, 05/15/2046		1,000		926
California State, University Systemwide, Ser B-2-REMK, GO
0.550%, 11/01/2049 (A)		3,000		2,679

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Various Purpose, GO
5.000%, 11/01/2026	$	5,000	$	5,321
5.000%, 03/01/2029		1,300		1,452
5.000%, 10/01/2030		1,230		1,382
Carlsbad, Unified School District, Ser B, GO
6.000%, 05/01/2034		2,750		2,781
Chabot-Las Positas, Community College District, Ser B, GO
3.000%, 08/01/2030		1,250		1,216
FHLMC Multifamily Certificates, Relating to Municipal Securities, Ser M-049, RB
3.050%, 04/15/2034		1,350		1,175
Golden State, Tobacco Securitization Project, Ser A1, RB
5.000%, 06/01/2025 (D)		3,365		3,466
5.000%, 06/01/2026 (D)		1,500		1,579
5.000%, 06/01/2027 (D)		5,000		5,386
Hesperia Community, Redevelopment Agency Successor Agency, Ser A, COP, AGM
5.000%, 09/01/2029		2,275		2,488
Imperial, Irrigation District Electric System Revenue Authority, Ser B2, RB
5.000%, 11/01/2025		1,000		1,038
Indio, Electric Financing Authority, Ser A, RB
5.000%, 01/01/2033		130		151
5.000%, 01/01/2034		175		202
5.000%, 01/01/2035		135		155
Inglewood, Redevelopment Agency Successor Agency, Merged Redevelopment Project, Sub-Ser, TA, BAM
5.000%, 05/01/2025		1,000		1,022
5.000%, 05/01/2026		500		522
Lodi, Public Financing Authority, RB, AGM
5.000%, 09/01/2026		1,000		1,052
Long Beach, Bond Finance Authority, RB
5.000%, 08/01/2034		760		908
5.000%, 08/01/2035		500		592
Long Beach, Harbor Revenue, Ser A, AMT, RB
5.000%, 05/15/2026		1,100		1,142
5.000%, 05/15/2027		2,000		2,113
Long Beach, Harbor Revenue, Ser C, AMT, RB
5.000%, 05/15/2026		2,370		2,425
Los Angeles County, Metropolitan Transportation Authority, RB
5.000%, 06/01/2030		545		625
5.000%, 07/01/2035		1,000		1,190

SEI Tax Exempt Trust

41

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

California Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Los Angeles, Department of Airports, Los Angeles International Airport Project, Ser G, AMT, RB
5.000%, 05/15/2034	$	1,500	$	1,650
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser A, AMT, RB
5.000%, 05/15/2032		2,680		2,972
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser D, AMT, RB
5.000%, 05/15/2026		1,000		1,035
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB
5.000%, 05/15/2027		7,990		8,380
5.000%, 05/15/2028		1,000		1,066
5.000%, 05/15/2029		3,000		3,238
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, RB
5.000%, 05/15/2036		250		293
Los Angeles, Department of Water & Power, Water System Revenue, Ser D, RB
5.000%, 07/01/2033		385		457
5.000%, 07/01/2034		545		643
5.000%, 07/01/2035		1,210		1,420
Los Angeles, Municipal Improvement Corp, Capital Equipment and Real Property, RB
5.000%, 05/01/2034		500		597
5.000%, 05/01/2035		500		595
Los Angeles, Unified School District, Ser A, COP
5.000%, 10/01/2035		3,000		3,514
Los Angeles, Unified School District, Ser A, GO
5.000%, 07/01/2029		3,940		4,444
5.000%, 07/01/2031		5,000		5,784
Los Angeles, Unified School District, Ser B1, GO
5.000%, 07/01/2029		1,000		1,094
Modesto, Irrigation District, Ser A, RB
5.000%, 10/01/2034		700		836
5.000%, 10/01/2035		900		1,068
Northern California, Energy Authority, Ser A, RB
4.000%, 07/01/2049 (A)		3,000		2,996
Northern California, Tobacco Securitization Authority, RB
4.000%, 06/01/2049		875		881

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Palm Springs, Airport Revenue, Palm Springs International Airport Project, AMT, RB, BAM
5.000%, 06/01/2028	$	1,100	$	1,118
Redlands, Unified School District, San Bernadino County, GO
5.000%, 07/01/2028		1,000		1,082
Riverside County, Redevelopment Successor Agency, Jurupa Valley Redevelopment Project, TA
5.000%, 10/01/2025		560		578
Riverside, Unified School District, Ser B, GO
4.000%, 08/01/2028		1,000		1,044
Sacramento, Municipal Utility District, Ser I, RB
5.000%, 08/15/2028		1,000		1,114
San Diego County, Regional Airport Authority, AMT, RB
5.250%, 07/01/2035		2,000		2,262
San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB
5.000%, 07/01/2026		400		414
5.000%, 07/01/2027		500		524
5.000%, 07/01/2028		1,000		1,044
5.000%, 07/01/2031		5,000		5,469
San Diego County, Sanford Burnham Presbyterian Medical Discovery Institute, RB
5.000%, 11/01/2024		1,200		1,219
San Diego, Association of Governments South Bay Expressway Revenue, Ser A, RB
5.000%, 07/01/2028		1,000		1,072
San Diego, Public Facilities Financing Authority, Capital Improvement Projects, RB
5.000%, 10/15/2032		350		416
5.000%, 10/15/2033		250		298
5.000%, 10/15/2034		250		297
5.000%, 10/15/2035		250		296
San Diego, Public Facilities Financing Authority, Capital Improvement Projects, Ser A, RB
5.000%, 10/15/2030		400		461
San Diego, Regional Building Authority, County Operations Center Project, Ser A, RB
5.000%, 10/15/2027		1,000		1,043
San Diego, Unified School District, Ser E-2, GO
5.000%, 07/01/2031		1,000		1,168

42

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

California Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
San Francisco Bay Area, Rapid Transit District, Ser C-1, GO
4.000%, 08/01/2031	$	2,000	$	2,116
San Francisco City & County, Airport Commission, San Francisco International Airport, AMT, RB
5.000%, 01/01/2026		2,500		2,565
San Francisco City & County, Airport Commission, San Francisco International Airport, Ser B, RB
5.000%, 05/01/2032		2,500		2,884
San Francisco City & County, Public Utilities Commission Wastewater Revenue, Ser A, RB
5.000%, 10/01/2035		2,000		2,366
San Francisco City & County, Redevelopment Agency Successor Agency, Special Tax, AGM
5.000%, 08/01/2035		700		814
San Jose, Norman Y Mineta San Jose International Airport SJC, Ser A, AMT, RB
5.000%, 03/01/2026		1,780		1,834
San Jose, Norman Y Mineta San Jose International Airport SJC, Ser B, RB
5.000%, 03/01/2029		500		558
5.000%, 03/01/2030		700		791
5.000%, 03/01/2031		860		987
San Jose, Redevelopment Agency Successor Agency, Sub-Ser B, TA
5.000%, 08/01/2027		1,000		1,080
Santa Ana, College Improvement District #1, Rancho Santiago Community College District, GO
3.000%, 08/01/2032		1,000		952
3.000%, 08/01/2033		2,580		2,390
Santa Barbara County, Solid Waste Systems, Ser B, AMT, COP
5.000%, 12/01/2025		1,440		1,482
Solano County, COP
5.000%, 11/01/2025		700		727
Southern California, Public Power Authority, Milford Wind Corridor, Phase II Project, RB
5.000%, 07/01/2030		800		920
Southern California, Public Power Authority, Natural Gas Project, Ser A, RB
5.250%, 11/01/2025		2,930		2,999
Stockton, Redevelopment Agency, Successor Agency, Ser A, TA, AGM
5.000%, 09/01/2026		1,000		1,049
5.000%, 09/01/2027		1,000		1,052
Tulare, Local Health Care District, GO, BAM
4.000%, 08/01/2027		585		605

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
4.000%, 08/01/2028	$	435	$	454
4.000%, 08/01/2029		735		771
4.000%, 08/01/2030		1,320		1,389
Union, Sanitary District Financing Authority, Ser A, RB
4.000%, 09/01/2031		500		543
University of California, Ser S, RB
5.000%, 05/15/2033		1,110		1,310
Upland, Community Redevelopment Agency Successor Agency, Community Development Project, TA
5.000%, 09/01/2025		1,280		1,321
Vernon, Electric System Revenue, Ser A, RB
5.000%, 10/01/2027		1,000		1,043
5.000%, 04/01/2028		2,000		2,097
Western, Municipal Water District Facilities Authority, Ser A, RB
5.000%, 10/01/2033		2,000		2,306
Total Municipal Bonds
(Cost $258,574) ($ Thousands)				245,823
	Shares
CASH EQUIVALENT — 0.1%
SEI Daily Income Trust, Government Fund, Institutional Class
5.220%**†		178,648		179
Total Cash Equivalent
(Cost $179) ($ Thousands)				179
Total Investments in Securities — 101.5%
(Cost $258,753) ($ Thousands)			$	246,002

	Percentages are based on Net Assets of $242,308 ($ Thousands).
**	The rate reported is the 7-day effective yield as of November 30, 2023.
†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On November 30, 2023, the value of these securities amounted to $1,931 ($ Thousands), representing 0.8% of the Net Assets of the Fund.
(C)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(D)	Security is escrowed to maturity.

SEI Tax Exempt Trust

43

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

California Municipal Bond Fund (Concluded)

The following is a summary of the transactions with affiliates for the period ended November 30, 2023 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 11/30/2023		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	361	$	9,341	$	(9,523	)	$	—	$	—	$	179	$	13	$	—

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

See “Glossary” for abbreviations.

44

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Massachusetts Municipal Bond Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.1%
Massachusetts — 98.1%
Boston, Ser A, GO
4.000%, 11/01/2031	$	1,500	$	1,611
Hingham, GO
4.000%, 02/15/2030		340		358
4.000%, 02/15/2031		320		337
Lowell, GO
5.000%, 09/01/2027		1,520		1,651
Massachusetts Bay, Transportation Authority, Ser A, RB
5.250%, 07/01/2030		500		578
5.250%, 07/01/2031		750		881
5.000%, 07/01/2026		1,000		1,055
5.000%, 07/01/2027		1,500		1,619
Massachusetts Bay, Transportation Authority, Sub-Ser A-1, RB
5.000%, 07/01/2031		1,000		1,158
Massachusetts State, Clean Water Trust, RB
5.000%, 02/01/2029		1,000		1,045
5.000%, 08/01/2030		1,315		1,505
5.000%, 02/01/2032		1,000		1,172
5.000%, 02/01/2033		1,000		1,185
Massachusetts State, Clean Water Trust, Ser 23B, RB
5.000%, 02/01/2029		800		893
Massachusetts State, Department of Transportation, Metropolitan Highway System, Ser A, RB
5.000%, 01/01/2027		1,000		1,067
5.000%, 01/01/2029		1,000		1,113
Massachusetts State, Department of Transportation, Metropolitan Highway System, Sub-Ser C, RB
5.000%, 01/01/2027		1,020		1,089
Massachusetts State, Development Finance Agency, Babson College Project, RB
5.000%, 10/01/2033		1,115		1,242
Massachusetts State, Development Finance Agency, Bentley University, Ser A, RB
5.000%, 07/01/2031		1,000		1,121
Massachusetts State, Development Finance Agency, Beth Israel Lahey Health Project, RB
5.000%, 07/01/2028		585		629
Massachusetts State, Development Finance Agency, Boston College, Ser U, RB
5.000%, 07/01/2029		1,000		1,121
Massachusetts State, Development Finance Agency, Boston Medical Center, Ser E, RB
5.000%, 07/01/2026		200		209

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, Boston University, Ser FF, RB
5.000%, 10/01/2027	$	400	$	433
Massachusetts State, Development Finance Agency, Brandeis University Project, Ser S, RB
5.000%, 10/01/2029		1,000		1,106
Massachusetts State, Development Finance Agency, CareGroup Project, Ser I, RB
5.000%, 07/01/2026		500		521
Massachusetts State, Development Finance Agency, CareGroup Project, Ser J, RB
5.000%, 07/01/2024		500		504
Massachusetts State, Development Finance Agency, College Holy Cross Project, Ser A, RB
5.000%, 09/01/2026		200		210
Massachusetts State, Development Finance Agency, Dana-Farber Cancer Institute, Ser O, RB
5.000%, 12/01/2026		1,000		1,056
Massachusetts State, Development Finance Agency, Harvard University, RB
5.000%, 11/15/2032		1,000		1,189
Massachusetts State, Development Finance Agency, Lahey Clinic Project, Ser F, RB
5.000%, 08/15/2024		750		757
Massachusetts State, Development Finance Agency, Mass General Brigham, Ser A, RB
5.000%, 07/01/2050 (A)		1,000		1,112
Massachusetts State, Development Finance Agency, Milton Academy, Ser A, RB
5.000%, 03/01/2028		400		433
Massachusetts State, Development Finance Agency, Olin College, Ser F, RB
5.000%, 11/01/2035		650		746
Massachusetts State, Development Finance Agency, South Shore Hospital Project, Ser I, RB
5.000%, 07/01/2025		500		508
Massachusetts State, Development Finance Agency, Sterling and Francine Clark Art Institute, RB
4.000%, 07/01/2024		400		402
Massachusetts State, Development Finance Agency, Suffolk University Project, RB
5.000%, 07/01/2024		850		855
Massachusetts State, Development Finance Agency, Trustees of Deerfield Academy, RB
5.000%, 10/01/2032		1,000		1,178

SEI Tax Exempt Trust

45

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Massachusetts Municipal Bond Fund (Concluded)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, UMass Memorial Health Care, RB
5.000%, 07/01/2031	$	1,000	$	1,038
Massachusetts State, Development Finance Agency, Worcester Polytechnic Institute, RB
5.000%, 09/01/2030		210		231
Massachusetts State, Educational Financing Authority, AMT, RB
5.000%, 07/01/2028		850		890
Massachusetts State, Educational Financing Authority, Ser A, AMT, RB
5.000%, 01/01/2026		400		405
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2033		1,000		1,070
Massachusetts State, Health & Educational Facilities Authority, Massachusetts Institute of Technology Project, Ser M, RB
5.250%, 07/01/2029		500		572
Massachusetts State, Municipal Wholesale Electric, Ser A, RB
5.000%, 07/01/2031		410		466
5.000%, 07/01/2032		440		499
Massachusetts State, Port Authority, BosFuel Project, Ser A, AMT, RB
5.000%, 07/01/2027		1,000		1,049
5.000%, 07/01/2029		840		904
Massachusetts State, Port Authority, Ser A, AMT, RB
5.000%, 07/01/2027		1,000		1,051
5.000%, 07/01/2028		1,250		1,329
5.000%, 07/01/2029		500		539
Massachusetts State, Port Authority, Ser C, AMT, RB
5.000%, 07/01/2028		1,000		1,066
Massachusetts State, Ser A, GO
5.000%, 01/01/2035		310		340
Massachusetts State, Ser B, GO
5.000%, 07/01/2027		1,000		1,080

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
5.000%, 01/01/2028	$	1,500	$	1,638
Massachusetts State, Ser C, GO
5.000%, 10/01/2033		2,500		2,946
Massachusetts State, Ser E, GO
5.000%, 11/01/2027		1,000		1,088
5.000%, 09/01/2028		1,000		1,107
5.000%, 11/01/2030		1,000		1,147
5.000%, 11/01/2031		345		395
Massachusetts State, Water Resources Authority, Ser B, RB
5.000%, 08/01/2028		1,000		1,106
University of Massachusetts, Building Authority, RB
5.000%, 11/01/2026		1,000		1,063
University of Massachusetts, Building Authority, Ser 1, RB
5.000%, 11/01/2030		1,500		1,689
Woods Hole, Marthas Vineyard & Nantucket, Steamship Authority, Ser A, RB
5.000%, 03/01/2029		1,150		1,291
Worcester, GO
4.000%, 02/15/2030		285		298
Total Municipal Bonds
(Cost $62,472) ($ Thousands)				59,946
	Shares
CASH EQUIVALENT — 0.7%
SEI Daily Income Trust, Government Fund, Institutional Class
5.220%**†		446,290		446
Total Cash Equivalent
(Cost $446) ($ Thousands)				446
Total Investments in Securities — 98.8%
(Cost $62,918) ($ Thousands)			$	60,392

	Percentages are based on Net Assets of $61,150 ($ Thousands).
**	The rate reported is the 7-day effective yield as of November 30, 2023.
†	Investment in Affiliated Security.
(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

The following is a summary of the transactions with affiliates for the period ended November 30, 2023 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 11/30/2023		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	2,115	$	1,703	$	(3,372	)	$	—	$	—	$	446	$	6	$	—

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

See “Glossary” for abbreviations.

46

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

New Jersey Municipal Bond Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.0%
Delaware — 2.1%
Delaware State, River & Bay Authority, RB
5.000%, 01/01/2029	$	1,000	$	1,103
5.000%, 01/01/2030		180		201
5.000%, 01/01/2031		115		131
5.000%, 01/01/2032		225		259
5.000%, 01/01/2033		225		259
				1,953
New Jersey — 83.2%
Bergen County, GO
3.000%, 07/15/2029		1,000		979
Bergen County, Improvement Authority, Ser C, RB
5.000%, 08/15/2025		2,160		2,234
Camden County, Improvement Authority, County Capital Program, RB
5.000%, 01/15/2026		1,820		1,898
Carlstadt, School District, GO
5.000%, 05/01/2025		500		504
Edison, GO
3.000%, 03/15/2033		1,635		1,543
Essex County, GO
5.000%, 08/01/2025		2,500		2,581
Gloucester County, Improvement Authority, Rowan University Fossil Park, RB, BAM
5.000%, 07/01/2031		375		417
Gloucester County, Improvement Authority, Rowan University Project, Ser A, RB, AGM
5.000%, 11/01/2025		500		516
Gloucester County, Improvement Authority, Rowan University Project, Ser B, RB
5.000%, 07/01/2026		1,000		1,023
Hudson County, Improvement Authority, Vocational - Technical School Project, RB
5.000%, 05/01/2026		500		525
Jersey City, Redevelopment Agency, RB
4.000%, 12/15/2031		1,000		1,058
Monmouth County, Improvement Authority, Governmental Pooled Loans, Ser A, RB
5.000%, 03/01/2031		365		420
New Jersey State, COVID-19 Emergency Bonds, GO
4.000%, 06/01/2031		2,000		2,126
New Jersey State, Economic Development Authority, American Water Company Project, AMT, RB
3.750%, 11/01/2034 (A)		1,000		992
New Jersey State, Economic Development Authority, New Jersey Natural Gas, AMT, RB
2.450%, 04/01/2059 (A)		2,000		1,944

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Economic Development Authority, Portal North Bridge Project, RB
5.000%, 11/01/2033	$	650	$	737
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
5.000%, 06/01/2027		1,000		1,063
New Jersey State, Economic Development Authority, Ser A, RB, BAM
5.000%, 07/01/2027		1,140		1,211
New Jersey State, Educational Facilities Authority, Higher Education Capital Improvement, RB
5.000%, 09/01/2035		1,000		1,141
New Jersey State, Educational Facilities Authority, Montclair State University, Ser B, RB
5.000%, 07/01/2028		2,260		2,356
New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser A, RB, AGM
5.000%, 07/01/2025		1,000		1,029
5.000%, 07/01/2033		350		398
New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser B, RB, AGM
5.000%, 07/01/2025		1,000		1,027
New Jersey State, Educational Facilities Authority, Ser A, RB
5.000%, 07/01/2033		1,360		1,465
New Jersey State, Educational Facilities Authority, Stockton University Project, Ser A, RB
5.000%, 07/01/2026		1,000		1,037
New Jersey State, Educational Facilities Authority, William Patterson University Project, Ser C, RB
5.000%, 07/01/2027		1,905		1,947
New Jersey State, Health Care Facilities Financing Authority, AHS Hospital Project, RB
5.000%, 07/01/2026		735		771
New Jersey State, Health Care Facilities Financing Authority, AtlantiCare Health System, RB
5.000%, 07/01/2026		1,000		1,047
5.000%, 07/01/2031		725		811
New Jersey State, Health Care Facilities Financing Authority, Hackensack Meridian Health Project, RB
5.000%, 07/01/2026		2,000		2,102

SEI Tax Exempt Trust

47

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

New Jersey Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
5.000%, 07/01/2031	$	1,080	$	1,124
New Jersey State, Health Care Facilities Financing Authority, Princeton Healthcare System Project, RB
5.000%, 07/01/2027		1,000		1,050
New Jersey State, Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group, RB
5.000%, 07/01/2025		1,000		1,025
5.000%, 07/01/2032		1,225		1,391
5.000%, 07/01/2045 (A)		1,500		1,556
New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB
5.000%, 07/01/2030		1,250		1,352
New Jersey State, Health Care Facilities Financing Authority, Virtua Health, RB
Pre-Refunded @ 100
5.000%, 01/01/2024 (B)		60		60
New Jersey State, Higher Education Student Assistance Authority, Ser A, AMT, RB
5.000%, 12/01/2033		2,400		2,602
New Jersey State, Higher Education Student Assistance Authority, Ser A, RB
5.000%, 12/01/2028		675		725
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2030		700		746
New Jersey State, Housing & Mortgage Finance Agency, Ser H, RB
5.000%, 04/01/2029		485		524
New Jersey State, Housing & Mortgage Finance Agency, Single Family Housing, AMT, RB
3.250%, 04/01/2025		765		757
New Jersey State, Institute of Technology, RB
5.000%, 07/01/2028		200		217
5.000%, 07/01/2029		270		297
5.000%, 07/01/2030		260		286
5.000%, 07/01/2031		375		411
New Jersey State, Transportation Trust Fund Authority, RB
5.250%, 06/15/2032		1,375		1,595

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
4.000%, 06/15/2034	$	2,055	$	2,123
4.000%, 06/15/2035		500		514
4.000%, 06/15/2036		415		424
New Jersey State, Transportation Trust Fund Authority, Ser AA, RB
5.250%, 06/15/2031		1,195		1,227
New Jersey State, Transportation Trust Fund Authority, Ser BB, RB
5.000%, 06/15/2031		3,345		3,631
New Jersey State, Transportation Trust Fund Authority, Ser S, RB
5.000%, 06/15/2030		1,000		1,087
5.000%, 06/15/2032		2,500		2,815
5.000%, 06/15/2036		940		1,045
New Jersey State, Turnpike Authority, Ser A, RB
5.000%, 01/01/2027		260		262
5.000%, 01/01/2028		1,430		1,521
New Jersey State, Turnpike Authority, Ser B, RB
5.000%, 01/01/2028		1,000		1,083
5.000%, 01/01/2034		1,500		1,611
New Jersey State, Turnpike Authority, Ser D, RB
5.000%, 01/01/2028		1,000		1,044
New Jersey State, Turnpike Authority, Ser E, RB
5.000%, 01/01/2027		1,420		1,509
5.000%, 01/01/2029		960		1,037
Ocean County, Ser A, GO
5.000%, 08/01/2027		700		723
Passaic County, Improvement Authority, Paterson Project, RB
5.000%, 06/15/2025		250		257
5.000%, 08/01/2027		545		564
Rutgers State University, Ser M, RB
5.000%, 05/01/2027		1,000		1,046
Rutgers State University, Ser N, RB
5.000%, 05/01/2028		500		545
Salem County, Pollution Control Financing Authority, Chambers Project, Ser A, AMT, RB
5.000%, 12/01/2023 (C)		135		135
Somerset County, Ser A&B, GO
3.000%, 08/01/2030		540		530
Tobacco Settlement Financing, Ser A, RB
5.000%, 06/01/2032		500		524
				77,877

48

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

New Jersey Municipal Bond Fund (Concluded)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York — 11.0%
New York & New Jersey, Port Authority, AMT, RB
5.000%, 10/15/2029	$	4,000	$	4,104
5.000%, 11/01/2032		2,415		2,582
New York & New Jersey, Port Authority, Ser 223, AMT, RB
5.000%, 07/15/2033		2,165		2,344
4.000%, 07/15/2036		1,325		1,329
				10,359
Pennsylvania — 1.7%
Delaware River, Joint Toll Bridge Commission, Ser A, RB
5.000%, 07/01/2027		1,450		1,561
Total Municipal Bonds
(Cost $95,269) ($ Thousands)				91,750
	Shares
CASH EQUIVALENT — 0.6%
SEI Daily Income Trust, Government Fund, Institutional Class
5.220%**†		559,807		560
Total Cash Equivalent
(Cost $560) ($ Thousands)				560
Total Investments in Securities — 98.6%
(Cost $95,829) ($ Thousands)			$	92,310

	Percentages are based on Net Assets of $93,619 ($ Thousands).
**	The rate reported is the 7-day effective yield as of November 30, 2023.
†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(C)	Security is escrowed to maturity.

The following is a summary of the transactions with affiliates for the period ended November 30, 2023 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 11/30/2023		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	451	$	3,368	$	(3,259	)	$	—	$	—	$	560	$	7	$	—

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

See “Glossary” for abbreviations.

SEI Tax Exempt Trust

49

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

New York Municipal Bond Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.5%
New York — 98.5%
Broome County, Local Development, United Health Services Hospitals, RB, AGM
5.000%, 04/01/2030	$	900	$	972
Build NYC Resource, Kipp Public School, Canal West Project, RB
5.000%, 07/01/2034		1,000		1,084
Build NYC Resource, Manhattan College Project, RB
5.000%, 08/01/2026		350		361
5.000%, 08/01/2027		275		287
Build NYC Resource, The Chapin School Project, RB
5.000%, 11/01/2026		500		531
Essex County, Industrial Development Agency, AMT, RB
2.100%, 03/01/2027 (A)		525		514
Genesee County, Funding, Rochester Regional Health Project, RB
5.000%, 12/01/2032		650		685
Hempstead, Local Development, Hofstra University Project, Ser A, RB
5.000%, 07/01/2026		800		833
Hudson Yards Infrastructure, RB
5.000%, 02/15/2034		1,970		2,277
Long Island, Power Authority, RB
5.000%, 09/01/2026		1,000		1,058
5.000%, 09/01/2027		1,000		1,082
1.000%, 09/01/2025		1,000		944
Long Island, Power Authority, Ser A, RB
5.000%, 09/01/2027		1,000		1,082
Long Island, Power Authority, Ser B, RB
5.000%, 09/01/2030		1,500		1,561
Metropolitan New York, Transportation Authority, Ser B, RB
5.000%, 11/15/2028		3,000		3,247
Metropolitan New York, Transportation Authority, Ser C1, RB
5.000%, 11/15/2025		2,000		2,064
5.000%, 11/15/2026		1,000		1,023
Monroe County, Industrial Development Authority, Rochester Schools Modernization Project, RB
5.000%, 05/01/2026		1,000		1,050
Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB
5.000%, 07/01/2026		1,050		1,105
Nassau County, Interim Finance Authority, Ser A, RB
5.000%, 11/15/2030		2,160		2,502
4.000%, 11/15/2032		1,000		1,084

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Nassau County, Ser C, GO
5.000%, 10/01/2027	$	1,000	$	1,086
New York & New Jersey, Port Authority, AMT, RB
5.000%, 11/01/2030		4,100		4,408
New York & New Jersey, Port Authority, Ser 231ST, AMT, RB
5.000%, 08/01/2033		1,500		1,639
New York City, Housing Development Authority, RB, FHA
0.600%, 05/01/2061 (A)		490		461
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
5.000%, 01/01/2028		1,000		1,066
New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM
5.000%, 03/01/2029		1,750		1,898
New York City, Ser 1, GO
5.000%, 08/01/2028		1,000		1,074
New York City, Ser C, GO
5.000%, 08/01/2032		3,345		3,782
New York City, Ser C-1, GO
5.000%, 08/01/2027		1,000		1,079
New York City, Ser F-1, GO
5.000%, 08/01/2029		1,895		2,091
New York City, Sub-Ser E1, GO
5.000%, 04/01/2035		700		817
New York City, Sub-Ser I, GO
5.000%, 04/01/2028		1,405		1,539
5.000%, 04/01/2030		675		762
New York City, Transitional Finance Authority, Building Aid Revenue, Ser S-1, RB
5.000%, 07/15/2028		1,080		1,150
5.000%, 07/15/2031		1,000		1,150
New York City, Water & Sewer System, RB
5.000%, 06/15/2031		1,750		2,031
New York State, Dormitory Authority, Columbia University Project, Ser A, RB
5.000%, 10/01/2034		1,000		1,191
New York State, Dormitory Authority, Icahn School of Medicine at Mount Sanai Project, RB
5.000%, 07/01/2026		1,000		1,025
New York State, Dormitory Authority, Memorial Sloan-Kettering Project, RB
5.000%, 07/01/2027		500		539
5.000%, 07/01/2030		1,095		1,220

50

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

New York Municipal Bond Fund (Concluded)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Dormitory Authority, Presbyterian Hospial Obligated Group, RB
5.000%, 08/01/2035	$	2,000	$	2,305
New York State, Dormitory Authority, Rochester Institute of Technology, RB
5.000%, 07/01/2033		1,000		1,156
New York State, Dormitory Authority, School Districts Financing Program, RB, AGM
5.000%, 10/01/2026		1,495		1,582
5.000%, 10/01/2026 (B)		5		5
New York State, Dormitory Authority, School Districts Financing Program, Ser A, RB, AGM
5.000%, 10/01/2030		1,200		1,326
New York State, Dormitory Authority, Ser 1, RB
5.000%, 01/15/2027		1,000		1,064
New York State, Dormitory Authority, Ser A, RB
5.000%, 07/01/2026		1,100		1,155
5.000%, 10/01/2029		2,500		2,662
New York State, Dormitory Authority, Ser A-1, RB
5.000%, 03/15/2035		2,000		2,344
New York State, Dormitory Authority, Ser E, RB
5.000%, 03/15/2026 (B)		2,745		2,873
5.000%, 03/15/2032		1,500		1,748
New York State, Dormitory Authority, St. Johns University Project, RB
5.000%, 07/01/2027		1,500		1,592
New York State, Dormitory Authority, St. Johns University Project, Ser A, RB
4.000%, 07/01/2030		830		870
New York State, Energy Research & Development Authority, Pollution Control, Ser C-REMK, RB
4.000%, 04/01/2034		1,000		1,001
New York State, Mortgage Agency, Ser 189, AMT, RB
3.250%, 10/01/2025		2,500		2,478
New York State, Mortgage Agency, Ser 2, AMT, RB
5.000%, 04/01/2029		1,700		1,790
New York State, Power Authority, Green Transmission Project, RB, AGM
5.000%, 11/15/2035		1,370		1,600
New York State, Ser C, GO
5.000%, 03/15/2035		1,000		1,185
New York State, Thruway Authority, Ser B, RB
5.000%, 01/01/2029		1,100		1,206

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Thruway Authority, Ser K, RB
5.000%, 01/01/2030	$	745	$	758
New York State, Thruway Authority, Ser L, RB
5.000%, 01/01/2034		1,860		1,995
New York State, Transportation Development, JFK International Airport Terminal 4 Project, AMT, RB
5.000%, 12/01/2032		1,000		1,077
5.000%, 12/01/2033		1,500		1,613
New York State, Transportation Development, JFK International Airport Terminal 4 Project, RB
5.000%, 12/01/2025		1,000		1,028
5.000%, 12/01/2030		1,000		1,084
New York State, Transportation Development, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB
5.000%, 07/01/2030		1,275		1,277
New York State, Urban Development, RB
5.000%, 03/15/2025 (B)		5		5
New York State, Urban Development, Ser E, RB
5.000%, 03/15/2032		1,615		1,819
Oyster Bay, GO, AGM
4.000%, 03/01/2028		825		867
Oyster Bay, GO, BAM
4.000%, 11/01/2026		800		827
Schenectady County, Capital Resource, Union College Project, RB
5.000%, 07/01/2032		700		801
Triborough, Bridge & Tunnel Authority, MTA Bridges & Tunnels, RB
5.000%, 11/15/2026		3,000		3,195
5.000%, 05/15/2035		500		581
TSASC, Tobacco Settlement Bonds, Ser A, RB
5.000%, 06/01/2025		750		762
Westchester County, Local Development, Miriam Osborn Memorial Home Association Project, RB
5.000%, 07/01/2025		260		264
5.000%, 07/01/2026		300		308
Westchester County, Tobacco Asset Securitization, Ser B, RB
5.000%, 06/01/2024		1,800		1,812
Total Municipal Bonds
(Cost $108,797) ($ Thousands)				105,369

SEI Tax Exempt Trust

51

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

New York Municipal Bond Fund (Concluded)

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 0.5%
SEI Daily Income Trust, Government Fund, Institutional Class
5.220%**†		517,360	$	517
Total Cash Equivalent
(Cost $517) ($ Thousands)				517
Total Investments in Securities — 99.0%
(Cost $109,314) ($ Thousands)			$	105,886

	Percentages are based on Net Assets of $106,911 ($ Thousands).
**	The rate reported is the 7-day effective yield as of November 30, 2023.
†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Security is escrowed to maturity.

The following is a summary of the transactions with affiliates for the period ended November 30, 2023 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 11/30/2023		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	284	$	6,496	$	(6,263	)	$	—	$	—	$	517	$	9	$	—

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

See “Glossary” for abbreviations.

52

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Pennsylvania Municipal Bond Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.4%
Pennsylvania — 98.4%
Allegheny County, Airport Authority, Ser A, AMT, RB
5.000%, 01/01/2031	$	1,325	$	1,437
Allegheny County, Higher Education Building Authority, Carnegie Mellon University, RB
5.000%, 02/01/2030		500		561
Allegheny County, Higher Education Building Authority, Duquesne University, RB
5.000%, 03/01/2026		550		570
Allegheny County, Hospital Development Authority, Allegheny Health Network, RB
5.000%, 04/01/2028		2,500		2,656
Allegheny County, Hospital Development Authority, UPMC, RB
5.000%, 07/15/2029		2,000		2,185
Allegheny County, Port Authority, RB
5.000%, 03/01/2029		1,000		1,099
Allentown, City School District, Ser B, GO, BAM
5.000%, 02/01/2029		1,750		1,872
Berks County, Industrial Development Authority, Health Care Facilities, The Highlands At Wyomissing, RB
Pre-Refunded @ 102
5.000%, 05/15/2025 (A)		525		548
Bethel Park, School District, GO
5.000%, 08/01/2027		1,000		1,056
Chester County, GO
4.000%, 07/15/2029		300		315
4.000%, 07/15/2030		250		261
Chester County, Health & Education Facilities Authority, Main Line Health Systems, Ser A, RB
5.000%, 09/01/2029		375		414
Chester County, School Authority, Chester County Intermediate Unit Project, RB
5.000%, 03/01/2028		1,000		1,041
Cumberland County, Municipal Authority, Penn State Health, RB
5.000%, 11/01/2029		780		853
Dallastown Area, School District, GO
5.000%, 04/15/2026		1,000		1,023
Daniel Boone Area, School District, GO
5.000%, 04/01/2026		780		798
Delaware County, Cabrini University Project, RB
5.000%, 07/01/2027		500		513
5.000%, 07/01/2028		500		514

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Delaware County, Regional Water Quality Control Authority, RB
5.000%, 11/01/2025	$	525	$	544
5.000%, 11/01/2026		425		449
Delaware River, Joint Toll Bridge Commission, RB
5.000%, 07/01/2029		1,015		1,083
Delaware River, Joint Toll Bridge Commission, Ser B, RB
5.000%, 07/01/2027		1,300		1,400
Delaware River, Port Authority, Ser A, RB
5.000%, 01/01/2028		1,000		1,084
East Hempfield, Industrial Development Authority, Willow Valley Communities Project, RB
5.000%, 12/01/2025		645		658
Fairview, School District, GO, BAM
5.000%, 09/15/2029		500		558
Geisinger, Health System Authority, RB
5.000%, 04/01/2043 (B)		1,000		1,037
Lancaster County, Hospital Authority, Masonic Villages of Grand Lodge Project, RB
5.000%, 11/01/2028		1,360		1,413
Lancaster County, Hospital Authority, University of Pennsylvania Health System, Ser B, RB
5.000%, 08/15/2026		500		526
Lancaster, Higher Education Authority, Harrisburg Area Community College Project, RB, BAM
4.000%, 10/01/2030		400		409
Lehigh County, General Purpose Authority, RB
4.000%, 06/01/2031		1,225		1,217
Luzerne County, Industrial Development Authority, America Water Project, AMT, RB
2.450%, 12/01/2039 (B)		1,700		1,549
Lycoming County, College Revenue Authority, Pennsylvania College of Technology Project, RB, BAM
5.000%, 07/01/2030		900		985
Mifflin County, School District, Ser A, GO, BAM
5.000%, 09/01/2026		690		705
5.000%, 09/01/2027		660		674
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB
5.000%, 09/01/2025		500		512
5.000%, 09/01/2028		1,500		1,597

SEI Tax Exempt Trust

53

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Pennsylvania Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB
5.000%, 11/15/2036	$	750	$	755
Mount Lebanon, Hospital Authority, St. Clair Memorial Hospital Project, RB
5.000%, 07/01/2027		400		427
5.000%, 07/01/2029		350		381
Octorara Area, School District, GO, AGM
4.000%, 04/01/2029		900		944
Pennsylvania State University, RB
5.000%, 09/01/2035		850		995
Pennsylvania State University, Ser A, RB
5.000%, 09/01/2026		500		529
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2028		2,500		2,673
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.000%, 06/30/2034		1,500		1,569
Pennsylvania State, Economic Development Financing Authority, Solid Waste Disposal Management Project, AMT, RB
2.150%, 07/01/2041 (B)		1,000		988
Pennsylvania State, Economic Development Financing Authority, UPMC, RB
5.000%, 03/15/2026		1,000		1,038
Pennsylvania State, Economic Development Financing Authority, UPMC, Ser A, RB
5.000%, 10/15/2029		750		822
5.000%, 10/15/2030		925		1,024
Pennsylvania State, GO
5.000%, 01/01/2026		2,000		2,087
5.000%, 05/01/2030		1,000		1,129
Pennsylvania State, GO, BAM
4.000%, 03/01/2035		3,500		3,573
Pennsylvania State, Higher Education Assistance Agency, Ser A, AMT, RB
5.000%, 06/01/2032		3,000		3,208
Pennsylvania State, Higher Educational Facilities Authority, Drexel University, RB
5.000%, 05/01/2027		1,150		1,199
Pennsylvania State, Higher Educational Facilities Authority, RB
5.000%, 06/15/2026		825		864
5.000%, 06/15/2026 (C)		175		183
5.000%, 06/15/2028		1,235		1,321
Pennsylvania State, Higher Educational Facilities Authority, RB
Pre-Refunded @ 100
5.000%, 06/15/2027 (A)		265		284

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania State, Higher Educational Facilities Authority, Ser AT-1, RB
5.000%, 06/15/2026	$	1,485	$	1,555
5.000%, 06/15/2026 (C)		15		16
Pennsylvania State, Higher Educational Facilities Authority, Ser AX, RB, AGM
5.000%, 06/15/2027		675		722
5.000%, 06/15/2027 (C)		75		80
Pennsylvania State, Higher Educational Facilities Authority, Trustees of the University of Pennsylvania, Ser A, RB
5.000%, 02/15/2027		860		919
Pennsylvania State, Higher Educational Facilities Authority, University of Pennsylvania Health System, RB
5.000%, 08/15/2027		1,000		1,075
Pennsylvania State, Housing Finance Agency, Ser 133, RB
5.000%, 10/01/2029		500		543
Pennsylvania State, Housing Finance Agency, Ser 2022, RB
4.250%, 10/01/2052		1,905		1,906
Pennsylvania State, Public School Building Authority, Harrisburg, Ser S, RB, AGM
5.000%, 12/01/2027		1,000		1,053
Pennsylvania State, Public School Building Authority, Lehigh Career & Technical Institute Project, RB, BAM
5.000%, 10/01/2027		1,635		1,686
Pennsylvania State, Ser A, COP
5.000%, 07/01/2027		500		537
5.000%, 07/01/2028		400		433
Pennsylvania State, Turnpike Commission, Ser A, RB
5.000%, 12/01/2030		1,875		2,128
5.000%, 12/01/2031		1,000		1,140
5.000%, 12/01/2032		2,000		2,289
5.000%, 12/01/2035		675		790
Pennsylvania State, Turnpike Commission, Ser B, RB
5.000%, 12/01/2032		1,550		1,775
5.000%, 12/01/2033		375		427
Pennsylvania State, Turnpike Commission, Ser C, RB
5.000%, 12/01/2032		500		568
Pennsylvania State, Turnpike Commission, Sub-Ser, RB
5.000%, 12/01/2028		500		536
5.000%, 12/01/2034		1,000		1,143
Philadelphia, Airport Revenue Authority, AMT, RB
5.000%, 07/01/2031		1,100		1,199

54

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Pennsylvania Municipal Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Philadelphia, Airport Revenue Authority, Ser A, AMT, RB
5.000%, 06/15/2026	$	1,000	$	1,014
Philadelphia, Airport Revenue Authority, Ser B, AMT, RB
5.000%, 07/01/2027		2,500		2,620
Philadelphia, Gas Works Revenue Authority, RB
5.000%, 10/01/2025		1,290		1,329
5.000%, 08/01/2026		2,200		2,249
5.000%, 08/01/2027		1,705		1,813
5.000%, 10/01/2029		2,000		2,078
Philadelphia, Gas Works Revenue Authority, Ser A, RB, AGM
5.000%, 08/01/2031		1,000		1,116
Philadelphia, GO, AGM
5.000%, 08/01/2027		750		807
Philadelphia, Industrial Development Authority, National Board of Medical Examiners Project, RB
5.000%, 05/01/2028		1,005		1,048
Philadelphia, Industrial Development Authority, RB
5.000%, 10/01/2029		1,000		1,095
Philadelphia, Industrial Development Authority, The Children's Hospital of Philadelphia Project, RB
5.000%, 07/01/2027		400		429
4.000%, 07/01/2035		5,325		5,381
Philadelphia, School District, Ser A, GO
5.000%, 09/01/2027		2,850		3,035
Philadelphia, Ser A, GO
5.000%, 08/01/2026		1,000		1,051
5.000%, 08/01/2027		1,000		1,072
5.000%, 05/01/2028		1,000		1,086
5.000%, 05/01/2031		1,000		1,123
Philadelphia, Water & Wastewater Revenue Authority, RB
5.000%, 10/01/2032		1,250		1,408
Philadelphia, Water & Wastewater Revenue Authority, Ser A, RB
5.000%, 11/01/2027		725		783
Philadelphia, Water & Wastewater Revenue Authority, Ser B, RB
5.000%, 11/01/2026		475		502
5.000%, 11/01/2027		1,800		1,943
Philadelphia, Water & Wastewater Revenue Authority, Ser C, RB
5.000%, 10/01/2031		2,250		2,572
5.000%, 06/01/2034		800		920
Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, RB, BAM
5.000%, 12/15/2027		1,000		1,077

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, Ser A, RB, AGM
5.000%, 02/01/2033	$	1,000	$	1,131
Pittsburgh, GO
5.000%, 09/01/2027		415		447
Pittsburgh, Public Parking Authority, Ser A, RB
5.000%, 12/01/2025		645		658
Pittsburgh, Water & Sewer Authority, Ser A, RB, AGM
5.000%, 09/01/2026		2,000		2,108
5.000%, 09/01/2029		750		835
Pittsburgh, Water & Sewer Authority, Ser B, RB, AGM
5.000%, 09/01/2029		450		501
Quaker Valley, School District, GO
5.000%, 10/01/2030		250		284
5.000%, 10/01/2031		325		370
Seneca Valley, School District, Ser C, GO
5.000%, 03/01/2027		1,000		1,023
Souderton Area, School District, GO
5.000%, 11/01/2024		1,000		1,016
Southeastern Pennsylvania, Transportation Authority, Asset Improvement Program, RB
5.000%, 06/01/2032		1,000		1,147
5.000%, 06/01/2033		1,000		1,157
Southeastern Pennsylvania, Transportation Authority, RB
5.000%, 03/01/2026		1,620		1,694
5.000%, 03/01/2027		1,000		1,066
5.000%, 03/01/2028		725		783
Unionville-Chadds Ford, School District, GO
5.000%, 06/01/2026		1,000		1,052
University of Pittsburgh, Commonwealth System of Higher Education, RB
4.000%, 04/15/2026		1,225		1,253
Westmoreland County, Municipal Authority, RB, BAM
5.000%, 08/15/2026		1,610		1,664
Wilkes-Barre, Finance Authority, University of Scranton Project, Ser A, RB
5.000%, 11/01/2025		1,000		1,027
Total Municipal Bonds
(Cost $144,168) ($ Thousands)				139,396

SEI Tax Exempt Trust

55

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Pennsylvania Municipal Bond Fund (Concluded)

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 0.4%
SEI Daily Income Trust, Government Fund, Institutional Class
5.220%**†		617,106	$	617
Total Cash Equivalent
(Cost $617) ($ Thousands)				617
Total Investments in Securities — 98.8%
(Cost $144,785) ($ Thousands)			$	140,013

	Percentages are based on Net Assets of $141,671 ($ Thousands).
**	The rate reported is the 7-day effective yield as of November 30, 2023.
†	Investment in Affiliated Security.
(A)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(B)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.
(C)	Security is escrowed to maturity.

The following is a summary of the transactions with affiliates for the period ended November 30, 2023 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 11/30/2023		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	258	$	5,882	$	(5,523	)	$	—	$	—	$	617	$	7	$	—

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

See “Glossary” for abbreviations.

56

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 73.7%
Alabama — 2.9%
Alabama State, Special Care Facilities Financing Authority, Methodist Home for the Aging Project, Ser S, RB
5.750%, 06/01/2045	$	800	$	663
Black Belt, Energy Gas District, Ser C, RB
5.500%, 10/01/2054 (A)		3,100		3,321
Black Belt, Energy Gas District, Ser C-1, RB
5.250%, 02/01/2053 (A)		3,000		3,125
Black Belt, Energy Gas District, Ser D-1, RB
5.500%, 06/01/2049 (A)		2,100		2,202
Black Belt, Energy Gas District, Sub-Ser, RB
5.011%, 07/01/2052 (A)		1,000		1,003
Central Etowah County, Solid Waste Disposal Authority, AMT, RB
Pre-Refunded @ 103
6.000%, 07/01/2025 (B)(C)		795		828
Jefferson County, Sewer Revenue Authority, Ser D, RB
6.500%, 10/01/2053		12,000		12,612
Lower Alabama, Gas District, Ser A, RB
5.000%, 09/01/2046		1,500		1,557
Southeast Alabama, Energy Authority, Cooperative District, Ser B-1, RB
5.750%, 04/01/2054 (A)		1,000		1,094
Tuscaloosa County, Industrial Development Authority, Hunt Refining Project, Ser A, RB
4.500%, 05/01/2032 (C)		1,554		1,466
Tuscaloosa County, Industrial Development Authority, Ser A, RB
5.250%, 05/01/2044 (C)		2,365		2,145
				30,016
Alaska — 0.4%
Alaska State, Industrial Development & Export Authority, Boys & Girls Home Project, RB
6.000%, 12/01/2036 (D)		200		–
Anchorage, Solid Waste Services Revenue, Ser A, RB
5.250%, 11/01/2062		3,480		3,631
				3,631
Arizona — 1.0%
Arizona State, Industrial Development Authority, Basis Schools Projects, Ser A, RB
5.375%, 07/01/2050 (C)		1,090		1,018

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Arizona State, Industrial Development Authority, Great Lakes Senior Living Community, RB
5.000%, 01/01/2037	$	1,000	$	683
5.000%, 01/01/2038		675		459
4.500%, 01/01/2040		965		508
4.500%, 01/01/2049		1,000		553
4.250%, 01/01/2039		1,000		612
4.250%, 01/01/2040		750		451
Arizona State, Industrial Development Authority, Legacy Cares Project, RB
7.750%, 07/01/2050 (C)(D)		3,000		180
Arizona State, Industrial Development Authority, Master Academy Mountain Vista Campus Project, RB
5.250%, 12/15/2038 (C)		1,510		1,507
La Paz County, Industrial Development Authority, Charter School Solutions-Harmony Project, RB
5.000%, 02/15/2028		350		356
Maricopa County, Industrial Development Authority, Honor Health Project, Ser A, RB
4.125%, 09/01/2042		2,500		2,384
Pima County, Industrial Development Authority, Paideia Academics Project, RB
5.250%, 07/01/2049		1,050		918
Pima County, Industrial Development Authority, Tucson Country Day School Project, RB
5.000%, 06/01/2037		255		218
				9,847
Arkansas — 0.5%
Arkansas State, Development Finance Authority, Big River Steel Project, AMT, RB
4.750%, 09/01/2049 (C)		4,250		4,218
Arkansas State, Development Finance Authority, United States Steel Project, AMT, RB
5.450%, 09/01/2052		785		760
				4,978
California — 10.5%
Alameda Corridor, Transportation Authority, Ser A-CONV, RB
0.000%, 10/01/2037 (E)(F)		2,000		1,024

SEI Tax Exempt Trust

57

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.500%, 10/01/2054 (A)	$	1,000	$	1,088
5.250%, 11/01/2054 (A)		5,100		5,313
5.000%, 02/01/2054 (A)		3,500		3,662
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		5,000		4,876
California State, Community Choice Financing Authority, Clean Energy Project, Ser C, RB
5.250%, 01/01/2054 (A)		1,855		1,911
California State, Community Housing Agency, Annadel Apartments, Ser A, RB
5.000%, 04/01/2049 (C)		2,630		2,056
California State, Community Housing Agency, Serenity at Larkspur, Ser A, RB
5.000%, 02/01/2050 (C)		1,000		779
California State, Infrastructure & Economic Development Bank, Wonderful Foundations, RB
0.000%, 01/01/2035 (G)		930		431
California State, Municipal Finance Authority, California Baptist University Project, Ser A, RB
5.000%, 11/01/2046 (C)		1,000		924
California State, Municipal Finance Authority, Palomar Health, Ser A, RB, AGM
5.250%, 11/01/2052		1,500		1,642
California State, Pollution Control Financing Authority, Calplant I Project, Sub-Ser, AMT, RB
7.500%, 12/01/2039 (C)(D)		3,500		175
California State, Pollution Control Financing Authority, Rialto Bioenergy Facility Project, AMT, RB
7.500%, 12/01/2040 (C)		750		285
6.750%, 12/01/2028 (C)(D)		2,175		827
California State, Pollution Control Financing Authority, San Jose Water Project, AMT, RB
4.750%, 11/01/2046		1,500		1,515
California State, Pollution Control Financing Authority, Waste Management Project, Ser A3, AMT, RB
4.300%, 07/01/2040		1,500		1,484
California State, Public Finance Authority, Enso Village Project, RB
5.000%, 11/15/2046 (C)		500		438

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, School Finance Authority, Downtown Prep-Obligated Group, RB
5.000%, 06/01/2046 (C)	$	1,000	$	932
5.000%, 06/01/2051 (C)		1,000		914
California State, Statewide Communities Development Authority, Arbor Square Apartments, RB
4.250%, 11/01/2059 (A)		1,995		1,742
California State, Statewide Communities Development Authority, Loma Linda University Medical Center Project, Ser A, RB
5.250%, 12/01/2056 (C)		2,150		2,085
California State, Statewide Communities Development Authority, Southern California Edison Company, RB
4.500%, 11/01/2033		2,200		2,318
California State, Statewide Financing Authority, Tobacco Settlement, Ser B, RB
6.000%, 05/01/2037		4,840		4,918
CMFA, Special Finance Agency, Solana at Grand, Ser A-2-JUNIOR, RB
4.000%, 08/01/2045 (C)		1,100		864
CSCDA, Community Improvement Authority, 1818 Platinum Triange-Anaheim, RB
4.000%, 04/01/2057 (C)		500		336
CSCDA, Community Improvement Authority, Atlanta-Glendale, Ser S, RB
3.500%, 10/01/2046 (C)		2,000		1,435
CSCDA, Community Improvement Authority, Dublin, RB
4.000%, 02/01/2057 (C)		1,000		691
CSCDA, Community Improvement Authority, MODA at Monrovia Station, RB
3.400%, 10/01/2046 (C)		1,000		734
CSCDA, Community Improvement Authority, Pasadena Portfolio, RB
4.000%, 12/01/2056 (C)		500		345
2.650%, 12/01/2046 (C)		2,220		1,558
CSCDA, Community Improvement Authority, The Link-Glendale, RB
4.000%, 07/01/2056 (C)		1,750		1,203
CSCDA, Community Improvement Authority, Towne-Glendale, RB
5.000%, 09/01/2037 (C)		2,600		2,512
0.000%, 09/01/2032 (C)(E)(F)		7,800		3,692
CSCDA, Community Improvement Authority, Waterscape Apartments, Ser B-MEZZ, RB
4.000%, 09/01/2046 (C)		425		341
Fremont, Community Facilities District No. 1, Pacific Commons Project, SAB
5.000%, 09/01/2040		2,000		2,017

58

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Golden State, Tobacco Securitization Project, Sub-Ser B-2, RB
0.000%, 06/01/2066 (G)	$	58,000	$	6,027
Golden State, Tobacco Securitization Project, Sub-Ser, RB
3.850%, 06/01/2050		2,255		2,081
Los Angeles, Community College District, GO
2.106%, 08/01/2032		3,600		2,883
Morongo, Band of Mission Indians, Ser B, RB
5.000%, 10/01/2042 (C)		1,000		978
M-S-R, Energy Authority, Ser C, RB
6.500%, 11/01/2039		5,885		7,230
Northern California, Tobacco Securitization Authority, RB
0.000%, 06/01/2060 (G)		15,040		2,246
Palomar, Community College District, GO
1.836%, 08/01/2029		7,000		5,973
Poway, School Facilities Improvement Authority, Unified School District Capital Appreciation Project, GO
0.000%, 08/01/2038 (G)		5,410		2,995
Roseville, West Park Community Facilities Authority, SAB
5.000%, 09/01/2030		1,000		1,021
5.000%, 09/01/2031		1,000		1,019
San Clemente, Special Tax Community, GO
5.000%, 09/01/2046		1,085		1,092
San Diego County, Regional Airport Authority, AMT, RB
5.250%, 07/01/2058		8,100		8,492
San Diego, Unified School District, GO
4.000%, 07/01/2053		3,900		3,825
Southern California, Tobacco Securitization Authority, RB
0.000%, 06/01/2054 (G)		5,700		1,065
Southern California, Tobacco Securitization Authority, Sub-Ser, RB
0.000%, 06/01/2046 (G)		12,000		2,341
Tustin, Community Facilities District, GO
5.000%, 09/01/2040		750		758
Windsor, Unified School District, Election 2008, Ser D, GO
0.000%, 08/01/2035 (G)		1,800		1,153
				108,246
Colorado — 1.6%
Aurora, Harvest Crossing Metropolitan District No. 4, Ser A, GO
7.250%, 12/01/2052		1,500		1,434

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Aviation Station North, Metropolitan District No. 2, Ser A, GO
5.000%, 12/01/2039	$	500	$	469
5.000%, 12/01/2048		500		438
Berthoud-Heritage, Metropolitan District No. 10, Ser A, GO
4.750%, 12/01/2052		500		396
Brighton Crossing, Metropolitan District No. 4, Ser A, GO
5.000%, 12/01/2037		525		510
Broadway Station, Metropolitan District No. 3, GO
5.000%, 12/01/2049		500		382
Chambers Highpoint, Metropolitan District No. 2, GO
5.000%, 12/01/2041		515		445
Colorado International Center Metropolitan, District No. 7, GO
0.000%, 12/01/2027 (E)(F)		2,000		1,115
Colorado State, Educational & Cultural Facilities Authority, New Summit Charter Acadamy Project, RB
4.000%, 07/01/2061 (C)		600		409
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A-, RB
4.000%, 08/01/2044		2,000		1,811
Colorado State, Public Energy Authority, RB
6.250%, 11/15/2028		650		690
Colorado State, School of Mines, Ser B, RB, AGM
5.250%, 12/01/2052		500		536
Denver, International Business Center Metropolitan District No. 1, Sub-Ser B, GO
6.000%, 12/01/2048		1,145		1,135
Dominion, Water & Sanitation District, RB
5.875%, 12/01/2052		4,000		3,861
Hogback, Metropolitan District, Ser A, GO
5.000%, 12/01/2051		590		503
Prairie Center, Metropolitan District No. 3, Ser A, RB
5.000%, 12/15/2041 (C)		875		850
Pronghorn Valley, Metropolitan District, Ser A, GO
4.000%, 12/01/2051		250		184
Village at Dry Creek, Metropolitan District No. 2, GO
4.375%, 12/01/2044		768		656
Westgate, Metropolitan District, RB
5.125%, 12/01/2051		1,000		842
				16,666

SEI Tax Exempt Trust

59

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Connecticut — 0.2%
Connecticut State, Health & Educational Facility Authority, Church Home of Hartford Project, RB
5.000%, 09/01/2046 (C)	$	1,000	$	803
5.000%, 09/01/2053 (C)		1,500		1,155
				1,958
Delaware — 1.1%
Affordable Housing Opportunities Trust, Northwest One, Ser AH-07-CL, RB
7.120%, 10/01/2038 (C)		1,935		1,837
3.167%, 10/01/2038 (A)(C)		10,960		9,210
				11,047
Florida — 2.0%
Atlantic Beach, Health Care, Fleet Landing Project, Ser B, RB
5.625%, 11/15/2043		1,325		1,309
Capital Trust Agency, First Mortgage Revenue, Tapestry Walden Project, RB
6.750%, 07/01/2037 (C)(D)		1,585		349
Capital Trust Agency, H-Bay Ministries, RB
5.000%, 07/01/2053 (D)		750		23
Capital Trust Agency, Renaissance Charter School Project, RB
5.000%, 06/15/2049 (C)		1,000		856
Capital Trust Agency, Wonderful Foundations Charter, RB
5.000%, 01/01/2055 (C)		3,500		2,628
Charlotte County, Industrial Development Authority, AMT, RB
4.000%, 10/01/2051 (C)		500		391
Florida State, Development Finance, Global Reach Charter Acadamy Projects, RB
4.000%, 06/30/2056 (C)		765		520
Florida State, Higher Educational Facilities Financial Authority, Jacksonville University, RB
4.500%, 06/01/2033 (C)		500		478
Florida State, Village Community Development District No. 15, SAB
5.250%, 05/01/2054 (C)		1,000		992
5.000%, 05/01/2043 (C)		1,500		1,487
Highlands County, Health Facilities Authority, Senior Living Revenue, Trousdale Foundation Properties, RB
6.000%, 04/01/2038 (D)		400		116
Miami-Dade County, Seaport Department, Ser A, AMT, RB
5.250%, 10/01/2052		1,000		1,041

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Miami-Dade County, Special Obligation, Sub-Ser, RB
0.000%, 10/01/2032 (G)	$	2,900	$	1,997
Midtown Miami, Community Development District, Parking Garage Project, Ser A, SAB
5.000%, 05/01/2029		1,990		1,980
Polk County, Industrial Development Authority, Mineral Development Project, AMT, RB
5.875%, 01/01/2033 (C)		3,620		3,603
Saint Johns County, Industrial Development Authority, Vicars Landing Project, RB
4.000%, 12/15/2046		950		684
Sarasota County, Health Facilities Authority, Sunnyside Village Project, RB
5.000%, 05/15/2033		630		622
4.000%, 05/15/2028		1,205		1,159
Trout Creek, Community Development District, SAB
5.000%, 05/01/2028		355		357
				20,592
Georgia — 2.7%
Augusta, Development Authority, Wellstar Health System Inc Project, RB
5.125%, 04/01/2053		3,500		3,681
Gainesville & Hall County, Development Authority, Riverside Military Academy Project, RB
5.125%, 03/01/2052		1,620		1,142
George L Smith II, Georgia World Congress Center Authority, Convention Center Hotel, RB
5.000%, 01/01/2054 (C)		1,460		1,211
Georgia State, Main Street Natural Gas, Ser A, RB
5.000%, 05/15/2049		1,000		1,009
5.000%, 06/01/2053 (A)		2,150		2,220
Georgia State, Main Street Natural Gas, Ser E-1, RB
5.000%, 12/01/2053 (A)		3,400		3,564
Georgia State, Municipal Electric Authority, Plant Voltage Units 3 & 4 Project, RB
5.500%, 07/01/2063		5,500		5,690
5.500%, 07/01/2064		1,000		1,036
5.000%, 01/01/2056		500		504
5.000%, 07/01/2060		5,000		5,016
5.000%, 01/01/2063		1,700		1,715
4.000%, 01/01/2049		1,000		923
				27,711

60

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Idaho — 0.1%
Idaho State, Housing & Finance Association, Compass Charter School Project, Ser A, RB
4.625%, 07/01/2029 (C)	$	305	$	302
Spring Valley Community, Infrastructure District No. 1, SAB
3.750%, 09/01/2051 (C)		1,500		1,145
				1,447
Illinois — 2.6%
Chicago, Board of Education, GO, NATL
0.000%, 12/01/2023 (G)		545		545
Chicago, Board of Education, Ser C, GO
5.000%, 12/01/2027		500		514
Chicago, O'Hare International Airport, AMT, RB
5.000%, 07/01/2048		500		500
Chicago, O'Hare International Airport, Ser D, RB
5.000%, 01/01/2052		3,125		3,163
Chicago, Sales Tax Revenue, Ser 2002, RB
Pre-Refunded @ 100
5.000%, 01/01/2025 (B)		2,500		2,542
Chicago, Wastewater Transmission Revenue Authority, Ser A, RB, AGM
5.250%, 01/01/2053		1,000		1,070
Hillside, TA
5.000%, 01/01/2030		1,345		1,351
Illinois State, Finance Authority, Acero Charter Schools, RB
4.000%, 10/01/2042 (C)		350		280
Illinois State, Finance Authority, Art in Motion Project, RB
5.000%, 07/01/2051 (C)		1,000		695
Illinois State, Finance Authority, Friendship Village of Schaumburg Project, RB
5.125%, 02/15/2045 (D)		1,750		473
5.000%, 02/15/2022 (D)		1,000		270
5.000%, 02/15/2037 (D)		1,750		472
Illinois State, Finance Authority, Plymouth Place, RB
Pre-Refunded @ 100
5.000%, 05/15/2025 (B)		500		513
Illinois State, Finance Authority, Presence Health Network, Ser C, RB
5.000%, 02/15/2041		1,000		1,018
Illinois State, GO
5.000%, 02/01/2039		5,000		5,000
Illinois State, RB
5.000%, 06/15/2026		2,000		2,005
Illinois State, Ser A, GO
4.625%, 05/01/2037		2,500		2,547

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Ser B, GO
5.000%, 12/01/2026	$	2,500	$	2,609
Will County, Community High School District No. 210 Lincoln-Way, Ser B, GO, BAM
0.000%, 01/01/2029 (G)		400		331
0.000%, 01/01/2031 (G)		300		228
0.000%, 01/01/2033 (G)		100		70
				26,196
Indiana — 1.7%
Indiana State, Finance Authority, Ohio Valley Electric Corp Project, Ser 2012A, RB
4.250%, 11/01/2030		3,000		3,011
Indiana State, Finance Authority, Ohio Valley Electric Corp Project, Ser 2012C, RB
3.000%, 11/01/2030		3,900		3,625
Indiana State, Finance Authority, Polyflow Project, AMT, RB
7.000%, 03/01/2039 (C)		10,600		7,731
Indianapolis, Local Public Improvement Bond Bank, Indiana Convention Center Hotel, RB
5.750%, 03/01/2043		3,050		3,155
				17,522
Iowa — 0.9%
Iowa State, Finance Authority, Deerfield Retirement Community Project, RB
Pre-Refunded @ 100
5.400%, 11/15/2024 (A)(B)		590		602
Iowa State, Finance Authority, Iowa Fertilizer Company Project, RB
4.000%, 12/01/2050 (A)		4,200		4,025
Iowa State, Finance Authority, Northcrest Project, Ser A, RB
5.000%, 03/01/2028		980		965
Iowa State, Finance Authority, Tamid Waterloo Project, RB
8.000%, 01/01/2042 (C)		2,000		1,811
Iowa State, Tobacco Settlement Authority, Sub-Ser B-, RB
0.000%, 06/01/2065 (G)		11,490		1,333
				8,736
Kansas — 0.2%
Kansas State, Development Finance Authority, Village of Shalom Project, Ser A, RB
5.500%, 11/15/2038		1,025		853
Wichita, Presbyterian Manor Project, RB
5.000%, 05/15/2050		600		392

SEI Tax Exempt Trust

61

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wichita, Presbyterian Manor Project, Ser I, RB
5.000%, 05/15/2028	$	500	$	471
Wyandotte County, Kansas City Unified Government, RB
0.000%, 09/01/2034 (C)(G)		2,000		774
				2,490
Kentucky — 0.2%
Kentucky State, Economic Development Finance Authority, Baptist Life Community Project, Ser S, RB
6.250%, 11/15/2046		1,000		755
6.000%, 11/15/2036		1,700		1,400
				2,155
Louisiana — 0.2%
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Cameron Parish GOMESA Project, RB
5.650%, 11/01/2037 (C)		800		837
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Jefferson Parish GOMESA Project, RB
4.000%, 11/01/2044 (C)		400		352
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Terrebonne Parish GOMESA Project, RB
5.500%, 11/01/2039 (C)		700		725
				1,914
Maine — 0.2%
Maine State, Health & Higher Educational Facilities Authority, Eastern Maine Health Care, Ser A, RB
5.000%, 07/01/2046		2,600		2,318
Maryland — 0.2%
Maryland State, Economic Development Corporation, Purple Line Light Rail Project, AMT, RB
5.250%, 06/30/2055		625		633
Prince George's County, Chesapeake Lighthouse Charter School Project, RB
Pre-Refunded @ 102
7.000%, 11/01/2026 (B)		1,500		1,661
				2,294

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts — 1.3%
Massachusetts State, Development Finance Agency, RB
5.250%, 07/01/2052	$	1,500	$	1,565
Massachusetts State, Ser C, GO
5.000%, 10/01/2046		6,100		6,651
Massachusetts State, Ser D, GO
5.000%, 10/01/2051		5,000		5,406
				13,622
Michigan — 2.5%
Detroit, Ser A, GO
6.000%, 05/01/2039		1,000		1,119
5.250%, 05/01/2027		300		313
Detroit, Ser B-1, GO
4.000%, 04/01/2044 (A)		5,800		4,048
Michigan State, Finance Authority, Detroit Water and Sewerage Project, Senior Lien, RB
5.000%, 07/01/2033		3,000		3,013
Michigan State, Finance Authority, Public School Academy, Bradford Academy Project, RB
5.000%, 09/01/2050		310		235
4.800%, 09/01/2040		185		149
4.300%, 09/01/2030		120		108
Michigan State, Finance Authority, Tobacco Settlement, RB
0.000%, 06/01/2045 (G)		5,000		1,157
Michigan State, Finance Authority, Tobacco Settlement, Ser B, RB
0.000%, 06/01/2046 (G)		28,500		3,401
Michigan State, Finance Authority, Tobacco Settlement, Ser B-2-CLASS, RB
0.000%, 06/01/2065 (G)		20,000		1,903
Michigan State, Finance Authority, Tobacco Settlement, Ser C, RB
0.000%, 06/01/2058 (G)		125,250		6,297
Michigan State, Trunk Line Fund, Rebuilding Michigan Program, RB
5.000%, 11/15/2046		4,000		4,386
				26,129
Minnesota — 0.2%
Independence, Beacon Academy Project, Ser A, RB
4.250%, 07/01/2026		470		456
Minneapolis, Education Authority, Twin Cities International School, RB
5.000%, 12/01/2032 (C)		750		751
Minneapolis, NorthEast College Prep Project, RB
5.000%, 07/01/2055		710		562

62

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Shakopee, Senior Housing Revenue, Benedictine Living Community Project, RB
5.850%, 11/01/2058 (A)(C)	$	500	$	482
St. Cloud, Stride Academy Project, Ser A, RB
3.750%, 04/01/2026		275		260
				2,511
Missouri — 0.7%
Lees Summit, Industrial Development Authority, John Knox Village Project, Ser A, RB
5.000%, 08/15/2051		1,050		827
Missouri State, Development Finance Board, Saint Louis Zoo Projects, Ser 2022, RB
5.250%, 05/01/2055		4,005		4,228
St. Louis, Land Clearance for Redevelopment Authority, National Geospacial Intelligence, RB
5.125%, 06/01/2046		2,345		2,348
				7,403
Montana — 0.1%
Kalispel, Housing and Health Care Facilities, Immanuel Lutheran Project, RB
5.250%, 05/15/2052		1,500		1,147
Nevada — 1.0%
Nevada State, Department of Business & Industry, Brightline West Passenger Rail Project, AMT, RB
8.125%, 01/01/2050 (A)(C)		5,600		5,672
Nevada State, Department of Business & Industry, Fulcrum Sierra Biofuels Project, AMT, RB
6.950%, 02/15/2038 (C)		2,942		294
5.125%, 12/15/2037 (C)		2,252		901
Reno, Sub-Ser D, RB
0.000%, 07/01/2058 (C)(G)		10,000		1,018
Reno, Sub-Ser, TRAN
0.000%, 07/01/2058 (C)(G)		20,500		2,540
				10,425
New Hampshire — 0.6%
New Hampshire State, National Finance Authority, Ser 1-, RB
3.787%, 09/20/2034 (C)		4,047		3,659
New Hampshire State, National Finance Authority, Ser 2023-2, RB
3.875%, 01/20/2038		1,495		1,391

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Hampshire State, National Finance Authority, University of Nevada Project, RB, BAM
4.500%, 06/01/2053	$	1,075	$	1,064
				6,114
New Jersey — 1.6%
New Jersey State, Economic Development Authority, Kapowski Road Landfill Project, SAB
5.750%, 04/01/2031		2,500		2,467
New Jersey State, Economic Development Authority, Portal North Bridge Project, RB
5.000%, 11/01/2052		4,000		4,167
New Jersey State, Economic Development Authority, Sub-Ser A, RB
3.125%, 07/01/2029		445		427
New Jersey State, Educational Facilities Authority, Higher Education Capital Improvement Fund, RB
4.625%, 09/01/2048		1,450		1,476
New Jersey State, Educational Facilities Authority, Stockton University, Ser A, RB
5.000%, 07/01/2041		2,000		2,021
New Jersey State, Tobacco Settlement Financing, Sub-Ser B, RB
5.000%, 06/01/2046		720		722
New Jersey State, Transportation Trust Fund Authority, Transportation Program, Ser AA, RB
5.250%, 06/15/2041		1,250		1,271
New Jersey State, Transportation Trust Fund Authority, Transportation Program, Ser CC, RB
5.500%, 06/15/2050		500		543
Passaic County, Improvement Authority, Paterson Arts & Science Charter School Project, RB
5.375%, 07/01/2053		500		504
South Jersey, Transportation Authority, Ser A, RB
5.000%, 11/01/2039		2,500		2,507
				16,105
New York — 6.8%
Build NYC Resource, NYU Law School Project, RB
5.000%, 07/01/2041		1,500		1,477
Hempstead Town, Local Development, The Academy Charter School Project, RB
6.760%, 02/01/2048		1,000		1,003
4.600%, 02/01/2051		500		362

SEI Tax Exempt Trust

63

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Monroe County, Industrial Development, Ann's Community Project, RB
5.000%, 01/01/2040	$	1,500	$	1,280
New York City, Industrial Development Agency, Yankee Stadium Project, RB, FGIC
4.121%, 03/01/2026 (A)		425		431
4.111%, 03/01/2025 (A)		400		402
New York City, Municipal Water Finance Authority, Sub-Ser, RB
5.250%, 06/15/2048		1,700		1,886
2.150%, 06/15/2044 (A)		7,000		7,000
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser E-1, RB
3.000%, 02/01/2051		1,000		743
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser, RB
5.250%, 05/01/2048		2,000		2,212
New York Counties, Tobacco Trust IV, Ser E, RB
0.000%, 06/01/2055 (G)		57,000		4,415
New York Counties, Tobacco Trust V, Sub-Ser, RB
0.000%, 06/01/2055 (G)		28,000		2,123
New York State, Liberty Development Authority, Goldman Sachs Headquarters Project, RB
5.500%, 10/01/2037		1,000		1,130
New York State, Liberty Development Authority, World Trade Center Project, RB
5.375%, 11/15/2040 (C)		4,000		3,998
5.000%, 11/15/2044 (C)		10,750		10,437
New York State, Transportation Development Corporation, American Airlines Inc, JFK International Airport Project, AMT, RB
5.250%, 08/01/2031		1,185		1,216
New York State, Transportation Development Corporation, Delta Air Lines Inc, LaGuardia Airport Terminals C&D Redevelopment Project, AMT, RB
6.000%, 04/01/2035		3,000		3,242
5.000%, 01/01/2029		545		553
5.000%, 01/01/2033		4,085		4,133
4.000%, 10/01/2030		1,000		964
New York State, Transportation Development Corporation, JFK International Airport New Terminal One Project, AMT, RB, AGM
5.500%, 06/30/2044		2,000		2,125

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Transportation Development Corporation, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB
5.000%, 07/01/2046	$	3,985	$	3,945
New York State, Urban Development Corporation, Ser A, RB
5.000%, 03/15/2053		3,500		3,773
Suffolk, Tobacco Asset Securitization, Sub-Ser, RB
0.000%, 06/01/2066 (G)		21,000		2,237
Syracuse, Industrial Development Agency, Carousel Center Project, Ser B, RB
5.693%, 01/01/2028 (C)		1,600		1,448
TSASC, Tobacco Settlement Bond, Sub-Ser, RB
5.000%, 06/01/2045		4,250		3,769
Ulster County, Capital Resource, Woodland Pond at New Paltz, RB
5.250%, 09/15/2047		1,000		723
5.250%, 09/15/2053		2,500		1,734
Westchester County, Local Development Corporation, Westchester Medical Center, RB, AGM
5.750%, 11/01/2053		500		550
				69,311
North Dakota — 0.0%
Grand Forks County, Solid Waste Facility, Red River Biorefinery Project, AMT, RB
7.000%, 12/15/2043 (C)(D)		1,500		300
6.625%, 12/15/2031 (C)(D)		1,000		200
				500
Ohio — 1.7%
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2055		1,000		882
0.000%, 06/01/2057 (G)		54,300		5,563
Franklin County, Convention Facilities Authority, Greater Columbus Convention Center, RB
5.000%, 12/01/2044		4,000		3,717
Lake County, Port & Economic Development Authority, 1st Mortgage - Tapestry Wickliffe, RB
6.750%, 12/01/2052 (C)(D)		650		189
6.500%, 12/01/2037 (C)(D)		1,100		319
Montgomery County, Trousdale Foundation Properties Project, RB
6.250%, 04/01/2049 (C)(D)		1,900		551
6.000%, 04/01/2038 (C)(D)		1,615		468

64

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Ohio State, Air Quality Development Authority, Vanadium Project, AMT, RB
5.000%, 07/01/2049 (C)	$	4,250	$	3,600
Southern Ohio, Port Authority, Purecycle Project, Ser A, AMT, RB
6.500%, 12/01/2030 (C)		3,000		2,234
				17,523
Oklahoma — 0.6%
Comanche County, Hospital Authority, RB
5.000%, 07/01/2025		1,500		1,503
Oklahoma State, Development Finance Authority, Alden Group Renewable Energy, AMT, RB
8.000%, 12/01/2041 (C)		2,500		1,946
Oklahoma State, Development Finance Authority, Oklahoma City University Project, RB
4.000%, 08/01/2035		2,790		2,612
Payne County, Economic Development Authority, Epworth Living Retirement Community, RB
7.000%, 11/01/2051 (D)		2,163		2
6.875%, 11/01/2046 (D)		1,081		1
6.625%, 11/01/2036 (D)		522		–
				6,064
Oregon — 0.1%
Clackamas County, Hospital Facility Authority, Willametter View Project, RB
5.000%, 11/15/2052		1,500		1,270
Oregon State, Business Development Commission, Red Rock Biofuels LLC, AMT, RB
6.500%, 04/01/2031 (C)(D)		11,100		55
Oregon State, Housing & Community Services Department, Single-Family Mortgage Program, Ser B, RB, ING
3.400%, 07/01/2037 (A)(H)		200		200
				1,525
Other — 1.1%
Freddie Mac, Multifamily ML Certificates, RB
4.000%, 01/25/2040 (A)		4,979		4,450
Freddie Mac, Multifamily ML Certificates, Ser M, RB
3.996%, 12/25/2036 (A)		5,300		4,935
Freddie Mac, Multifamily ML Certificates, Ser ML17, Cl A, RB
3.083%, 04/25/2043 (A)		1,998		1,590
				10,975

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania — 2.9%
Allegheny County, Airport Authority, Ser A, AMT, RB
5.000%, 01/01/2056	$	1,000	$	1,018
Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, Sub-Ser, RB
5.250%, 05/01/2042 (C)		2,230		2,196
Berks County, Industrial Development Authority, The Highlands at Wyomissing Project, RB
Pre-Refunded @ 102
5.000%, 05/15/2025 (B)		300		313
Blythe, Solid Waste Authority, AMT, RB
Pre-Refunded @ 100
7.750%, 12/01/2027 (B)		3,750		4,248
Chester County, Industrial Development Authority, Woodlands at Graystone Project, SAB
4.375%, 03/01/2028 (C)		253		249
Franklin County, Industrial Development Authority, Menno-Haven Project, RB
5.000%, 12/01/2025		495		485
Lancaster County, Hospital Authority, Penn State Health, RB
5.000%, 11/01/2046		2,500		2,567
5.000%, 11/01/2051		3,000		3,075
Pennsylvania State, Economic Development Financing Authority, Consol Energy Inc Project, AMT, RB
9.000%, 04/01/2051 (A)(C)		2,040		2,237
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.500%, 06/30/2039		2,000		2,128
5.250%, 06/30/2053		5,000		5,154
Pennsylvania State, Economic Development Financing Authority, Presbyterian Senior Living Project, RB
5.250%, 07/01/2049		1,250		1,209
Philadelphia, Industrial Development Authority, University Square Apartments Project, RB
5.500%, 12/01/2058 (C)		2,000		1,750
Southcentral Pennsylvania, General Authority, York Academy Regional Christian School Program, RB
6.500%, 07/15/2048 (C)		2,800		2,867

SEI Tax Exempt Trust

65

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
West Cornwall, Municipal Authority, Pleasant View Retirement Community, RB
3.000%, 12/15/2023	$	120	$	120
				29,616
Puerto Rico — 8.3%
Puerto Rico, Electric Power Authority, Ser A, RB
6.750%, 07/01/2036 (D)		2,605		651
Puerto Rico, Electric Power Authority, Ser AAA, RB
5.250%, 07/01/2030 (D)		200		50
5.250%, 07/01/2031 (D)		5,895		1,474
Puerto Rico, Electric Power Authority, Ser UU, RB, AGM
4.310%, 07/01/2029 (A)		9,040		8,484
Puerto Rico, Electric Power Authority, Ser V, RB
5.500%, 07/01/2020 (D)		1,380		345
Puerto Rico, Electric Power Authority, Ser XX, RB
5.250%, 07/01/2040 (D)		1,070		268
Puerto Rico, Electric Power Authority, Ser ZZ, RB
5.250%, 07/01/2019 (D)		1,265		316
Puerto Rico, GDB Debt Recovery Authority, RB
7.500%, 08/20/2040		13,234		11,613
Puerto Rico, Highway & Transportation Authority, Ser A, RB
5.000%, 07/01/2062		1,720		1,698
Puerto Rico, Highway & Transportation Authority, Ser B, RB
0.000%, 07/01/2032 (G)		1,118		724
Puerto Rico, Highway & Transportation Authority, Ser C, RB
0.000%, 07/01/2032 (E)(F)		9,412		6,070
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
5.000%, 07/01/2058		6,503		6,305
0.000%, 07/01/2046 (G)		12,100		3,556
0.000%, 07/01/2051 (G)		37,000		8,003
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2A, RB
4.550%, 07/01/2040		2,000		1,943
Puerto Rico, Ser A, GO
0.000%, 07/01/2024 (G)		194		190
0.000%, 07/01/2033 (G)		4,500		2,739
Puerto Rico, Ser A1, GO
4.000%, 07/01/2041		5,000		4,314
Puerto Rico, Sub-Ser CW, GO
0.000%, 11/01/2043 (A)(E)		15,625		8,125

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Puerto Rico, Sub-Ser Senior, GO
0.000%, 11/01/2051 (A)(E)	$	17,817	$	9,332
Puerto Rico, Sub-Ser, GO
0.000%, 11/01/2051 (A)(E)		21,737		8,722
				84,922
Rhode Island — 0.8%
Rhode Island State, Tobacco Settlement Financing Authority, Ser A, RB
0.000%, 06/01/2052 (G)		6,890		1,129
Rhode Island State, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2050		7,000		6,846
				7,975
South Carolina — 0.8%
Patriots Energy Group, Financing Agency, RB
5.250%, 02/01/2054 (A)		1,800		1,910
South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, AMT, RB
6.250%, 02/01/2045 (C)(D)		1,000		100
5.250%, 02/01/2027 (C)(D)		1,000		100
South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, RB
8.000%, 12/06/2029 (D)		155		124
South Carolina State, Jobs-Economic Development Authority, Seafields at Kiawah Island Project, RB
7.750%, 11/15/2058		1,350		1,328
South Carolina State, Public Service Authority, Santee Cooper Project, Ser C, RB
5.784%, 12/01/2041		5,059		4,988
				8,550
Tennessee — 1.3%
Bristol, Industrial Development Board, Pinnacle Project, TA
5.625%, 06/01/2035		2,000		1,755
Memphis-Shelby County, Industrial Development Board, Graceland Project, TA
5.500%, 07/01/2037		700		476
Nashville, Metropolitan Development & Housing Agency, TA
4.500%, 06/01/2028 (C)		495		494

66

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Shelby County, Health Educational & Housing Facilities Board, Tennessee Retirement Facility, The Farms at Bailey Station, RB
5.750%, 10/01/2054	$	1,400	$	981
Tennergy, Gas Supply, Ser A, RB
5.500%, 10/01/2053 (A)		5,000		5,203
Tennessee State, Energy Acquisition, Ser C, RB
5.000%, 02/01/2027		4,000		4,035
				12,944
Texas — 5.3%
Angelina & Neches, River Authority, Jefferson Enterprise Energy, AMT, RB
12.000%, 12/01/2045 (C)		3,000		2,546
7.500%, 12/01/2045 (C)		1,750		1,128
Baytown, Municipal Development District, Baytown Convention Center Hotel, RB
5.000%, 10/01/2050 (C)		500		439
Brazoria County, Industrial Development, Aleon Renewable Metals Project, AMT, RB
12.000%, 06/01/2043 (C)		3,500		3,466
10.000%, 06/01/2042 (A)(C)		1,500		1,442
Brazoria County, Industrial Development, Gladieux Metals Recycling Project, AMT, RB
9.000%, 03/01/2039 (C)		9,255		9,651
7.000%, 03/01/2039		500		457
Calhoun County, Navigation Industrial Development Authority, AMT, RB
3.625%, 07/01/2026 (C)		2,000		1,841
Clifton, Higher Education Finance, International Leadership Project, Ser D, RB
6.125%, 08/15/2048		1,250		1,256
6.000%, 08/15/2038		1,500		1,517
Lamar, Consolidated Independent School District, Ser A, GO, PSF-GTD
4.000%, 02/15/2048		3,500		3,405
New Hope, Cultural Education Facilities, Cardinal Bay Village Project, RB
5.500%, 07/01/2046 (D)		1,250		438
5.000%, 07/01/2031 (D)		250		87
5.000%, 07/01/2046		2,000		1,135
New Hope, Cultural Education Facilities, Edgemere Project, RB
5.000%, 01/01/2047		1,500		1,279
New Hope, Cultural Education Facilities, Longhorn Village Project, RB
5.000%, 01/01/2042		500		440

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Hope, Cultural Education Facilities, Quality Senior Housing Foundation, Ser A1, RB
5.000%, 12/01/2054	$	500	$	422
Port Beaumont, Navigation District, Jefferson Gulf Coast Energy Project, AMT, RB
4.000%, 01/01/2050 (C)		1,500		1,039
Port Beaumont, Navigation District, Jefferson Gulf Coast Energy Project, RB
6.000%, 01/01/2025 (C)		1,000		954
Port Isabel, GO
5.100%, 02/15/2049 (C)		1,000		1,002
Texas State, Municipal Gas Acquisition & Supply I, Senior Lien, Ser A, RB
5.250%, 12/15/2023		670		670
Texas State, Municipal Gas Acquisition & Supply I, Sub-Ser C, RB
5.250%, 12/15/2026 (A)		3,000		2,952
Texas State, Private Activity Bond, Surface Transportation, AMT, RB
5.000%, 06/30/2058		1,250		1,253
Texas State, Water Development Board, Ser A, RB
5.000%, 10/15/2058		3,600		3,846
4.875%, 10/15/2048		10,500		11,199
Woodloch, Health Facilities Development, Inspired Living Lewsville Project, RB
6.750%, 12/01/2051 (C)(D)		1,830		37
				53,901
Utah — 0.6%
Mida Mountain Village, Public Infrastructure District, Mountain Village Assesment, SAB
4.000%, 08/01/2050 (C)		2,000		1,486
Salt Lake City, Airport Revenue, Ser A, AMT, RB
5.250%, 07/01/2040		2,125		2,302
UIPA Crossroads, Public Infrastructure District, TA
4.375%, 06/01/2052 (C)		1,000		850
Utah Charter School, Finance Authority, St George Campus Project, Ser A, RB
5.000%, 06/15/2052 (C)		1,300		1,061
Utah State, Charter School Finance Authority, Early Light Academy Project, RB
4.500%, 07/15/2027 (C)		500		485
				6,184

SEI Tax Exempt Trust

67

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Virginia — 1.5%
Farms of New Kent, Community Development Authority, Ser A, SAB
3.750%, 03/01/2036 (C)	$	4,200	$	3,970
Hanover County, Economic Development Authority, Covenant Woods Project, RB
5.000%, 07/01/2038		375		328
Henrico County, Economic Development Authority, Pinnacle Living Obligation Group, Ser A, RB
5.000%, 06/01/2044		1,000		882
Lewistown, Commerce Center, Community Development Authority, Ser C, TA
6.050%, 03/01/2054		118		57
Lewistown, Commerce Center, Community Development Authority, TA
6.050%, 03/01/2044 (D)		80		61
Virginia State, Small Business Financing Authority, Bon Secours Mercy Health, RB
4.000%, 12/01/2049		2,000		1,821
Virginia State, Small Business Financing Authority, Rixey Student Housing Project, Ser A, RB
5.500%, 07/01/2044 (C)		6,565		5,887
Virginia State, Small Business Financing Authority, Transform 66 P3 Project, AMT, RB
5.000%, 12/31/2049		2,500		2,510
				15,516
Washington — 1.0%
Skagit County, Public Hospital District No. 1, Skagit Regional Health, RB
5.000%, 12/01/2028		1,000		1,009
Washington State, Convention Center Public Facilities District, RB
4.000%, 07/01/2031		1,000		969
Washington State, Housing Finance Commission, Emerald Heights Project, Ser A, RB
5.000%, 07/01/2048		1,050		1,023
Washington State, Housing Finance Commission, Judson Park Project, RB
5.000%, 07/01/2033 (C)		225		210
4.000%, 07/01/2028 (C)		400		373
Washington State, Housing Finance Commission, Social Certificates, RB
3.375%, 04/20/2037		3,098		2,666

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Washington State, Tobacco Settlement Authority, RB
5.250%, 06/01/2032	$	1,155	$	1,136
5.250%, 06/01/2033		2,500		2,451
				9,837
West Virginia — 0.8%
West Virginia State, Hospital Finance Authority, Refunding & Improvement, Vandalia Health Group, Ser B, RB
6.000%, 09/01/2053		2,100		2,320
West Virginia State, Tobacco Settlement, Finance Authority, Ser B, RB
0.000%, 06/01/2047 (G)		73,250		6,294
				8,614
Wisconsin — 2.9%
Wisconsin State, Center District, Junior Dedicated Tax Revenue, Ser D, RB, AGM
0.000%, 12/15/2045 (G)		5,000		1,815
Wisconsin State, Center District, Senior Dedicated Tax Revenue, Ser C, RB, AGM
0.000%, 12/15/2045 (G)		8,110		2,944
Wisconsin State, Health & Educational Facilities Authority, Camillus Health System, RB
5.000%, 11/01/2046		1,000		777
Wisconsin State, Health & Educational Facilities Authority, Wisconsin Illinois Senior Housing, RB
5.250%, 08/01/2048		1,500		1,142
5.000%, 08/01/2028		975		933
Wisconsin State, Public Finance Authority, Barton College Project, Ser A, RB
5.000%, 03/01/2038		2,500		2,389
5.000%, 03/01/2048		1,500		1,332
Wisconsin State, Public Finance Authority, Celanese Project, Ser B, AMT, RB
5.000%, 12/01/2025		2,000		2,014
Wisconsin State, Public Finance Authority, Delray Beach Radiation Therapy Project, Ser A-DELRAY, RB
7.000%, 11/01/2046 (C)(D)		3,500		2,100
Wisconsin State, Public Finance Authority, Estancia Valley Classical, RB
4.250%, 07/01/2051 (C)		1,000		698
Wisconsin State, Public Finance Authority, Irving Convention Center Hotel Project, RB
7.000%, 01/01/2050 (C)		3,250		3,471
Wisconsin State, Public Finance Authority, Lake Erie College, RB
5.875%, 10/01/2054 (C)		2,770		2,161

68

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Public Finance Authority, Lariat Project, RB
0.000%, 09/01/2029 (C)(G)	$	1,000	$	650
Wisconsin State, Public Finance Authority, Marys Woods at Marylhurst Project, RB
5.250%, 05/15/2052 (C)		1,750		1,500
Wisconsin State, Public Finance Authority, Northwest Nazarene University Project, RB
4.250%, 10/01/2049		1,000		843
Wisconsin State, Public Finance Authority, Procure Proton Therapy Center Project, RB
6.375%, 01/01/2048 (C)		5,070		3,118
Wisconsin State, Public Finance Authority, Retirement Facilities First Mortgage, RB
5.250%, 03/01/2055 (C)		2,500		2,028
				29,915
Total Municipal Bonds
(Cost $805,526) ($ Thousands)				757,092
CORPORATE OBLIGATIONS — 20.5%
Financials — 18.1%
Ally Financial
4.700%, H15T5Y + 3.868%(A)(I)		1,000		704
American Express
3.550%, H15T5Y + 2.854%(A)(I)		6,000		5,058
Australia & New Zealand Banking Group
6.750%, USISDA05 + 5.168%(A)(C)(I)		6,900		6,799
Banco Bilbao Vizcaya Argentaria
9.375%, H15T5Y + 5.099%(A)(I)		1,200		1,221
Banco Santander
9.625%, H15T5Y + 5.306%(A)(I)		3,000		3,059
Bank of America
6.500%, TSFR3M + 4.436%(A)(I)		800		793
6.250%, TSFR3M + 3.967%(A)(I)		5,000		4,932
6.125%, H15T5Y + 3.231%(A)(I)		3,800		3,694
4.375%, H15T5Y + 2.760%(A)(I)		3,000		2,596
Bank of New York Mellon
4.625%, TSFR3M + 3.393%(A)(I)		2,200		1,994
3.750%, H15T5Y + 2.630%(A)(I)		5,800		4,826
3.700%, H15T5Y + 3.352%(A)(I)		5,000		4,533
Bank of Nova Scotia
8.625%, H15T5Y + 4.389%, 10/27/2082 (A)		3,200		3,216
Barclays PLC
9.625%, USISSO05 + 5.775%(A)(I)		800		801
8.000%, H15T5Y + 5.672%(A)(I)		800		787
4.375%, H15T5Y + 3.410%(A)(I)		3,000		2,211

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Benloch Ranch, Improvement Association No. 2
10.000%, 12/01/2051 (C)(J)	$	6,000	$	5,925
BNP Paribas
9.250%, H15T5Y + 4.969%(A)(C)(I)		2,400		2,520
8.500%, H15T5Y + 4.354%(A)(C)(I)		1,400		1,421
6.625%, USISOA05 + 4.149%(A)(C)(I)		1,500		1,489
4.625%, H15T5Y + 3.196%(A)(C)(I)		6,600		5,554
BP Capital Markets PLC
4.375%, H15T5Y + 4.036%(A)(I)		600		578
Capital One Financial
3.950%, H15T5Y + 3.157%(A)(I)		5,300		4,007
Charles Schwab
5.375%, H15T5Y + 4.971%(A)(I)		1,550		1,498
4.000%, H15T5Y + 3.168%(A)(I)		6,000		5,165
Citigroup
6.250%, TSFR3M + 4.779%(A)(I)		2,000		1,942
4.000%, H15T5Y + 3.597%(A)(I)		3,000		2,687
3.875%, H15T5Y + 3.417%(A)(I)		4,400		3,829
Citizens Financial Group
6.375%, TSFR3M + 3.419%(A)(I)		2,380		2,036
5.650%, H15T5Y + 5.313%(A)(I)		2,200		2,021
CoBank ACB
6.250%, US0003M + 4.660%(A)(I)		500		475
Credit Agricole
8.125%, USSW5 + 6.185%(A)(C)(I)		2,000		2,005
Credit Agricole MTN
4.750%, H15T5Y + 3.237%(A)(C)(I)		3,000		2,401
Depository Trust & Clearing
3.375%, H15T5Y + 2.606%(A)(C)(I)		750		575
Discover Financial Services
6.125%, H15T5Y + 5.783%(A)(I)		500		464
Fifth Third Bancorp
4.500%, H15T5Y + 4.215%(A)(I)		500		451
Goldman Sachs Group
5.500%, H15T5Y + 3.623%(A)(I)		1,000		986
4.125%, H15T5Y + 2.949%(A)(I)		2,500		2,109
HSBC Holdings PLC
6.000%, USISDA05 + 3.746%(A)(I)		1,500		1,364
Huntington Bancshares
5.625%, H15T10Y + 4.945%(A)(I)		600		524
4.450%, H15T7Y + 4.045%(A)(I)		3,800		3,229
ING Groep
6.500%, USSW5 + 4.446%(A)(I)		3,500		3,362
5.750%, H15T5Y + 4.342%(A)(I)		1,000		905
JPMorgan Chase
6.750%, TSFR3M + 4.042%(A)(I)		6,900		6,899
3.650%, H15T5Y + 2.850%(A)(I)		2,800		2,521
KeyCorp
5.000%, TSFR3M + 3.868%(A)(I)		3,000		2,322
Lloyds Banking Group PLC
8.000%, H15T5Y + 3.913%(A)(I)		4,800		4,546

SEI Tax Exempt Trust

69

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
M&T Bank
5.125%, US0003M + 3.520%(A)(I)	$	500	$	403
5.000%, H15T5Y + 3.174%(A)(I)		3,300		2,840
3.500%, H15T5Y + 2.679%(A)(I)		2,000		1,426
MetLife
3.850%, H15T5Y + 3.576%(A)(I)		3,800		3,578
Nordea Bank Abp MTN
6.125%, USSW5 + 3.388%(A)(C)(I)		2,500		2,454
Northern Trust
4.600%, TSFR3M + 3.464%(A)(I)		500		460
PNC Financial Services Group
6.250%, H15T7Y + 2.808%(A)(I)		2,100		1,831
6.000%, H15T5Y + 3.000%(A)(I)		3,400		3,046
3.400%, H15T5Y + 2.595%(A)(I)		1,000		767
Reagan Ranch Development LLC
8.500%, 09/01/2031		5,000		4,199
Royal Bank of Scotland Group PLC
8.000%, USSW5 + 5.720%(A)(I)		200		198
Societe Generale
8.000%, USISDA05 + 5.873%(A)(C)(I)		1,800		1,767
Standard Chartered PLC
7.014%, US0003M + 1.460%(A)(C)(I)		4,000		3,707
Toll Road Investors Partnership II
0.000%, 02/15/2043 (C)(G)		20,801		5,259
Toronto-Dominion Bank
8.125%, H15T5Y + 4.075%, 10/31/2082 (A)		4,000		4,022
Truist Financial
4.800%, H15T5Y + 3.003%(A)(I)		10,400		9,188
UBS Group
9.250%, H15T5Y + 4.745%(A)(C)(I)		2,000		2,089
9.250%, H15T5Y + 4.758%(A)(C)(I)		1,000		1,060
4.375%, H15T5Y + 3.313%(A)(C)(I)		6,000		4,479
UBS Group Funding Switzerland
7.000%, USSW5 + 4.344%(A)(C)(I)		600		597
US Bancorp
5.300%, TSFR3M + 3.176%(A)(I)		1,000		845
3.700%, H15T5Y + 2.541%(A)(I)		7,200		5,474
Voya Financial
7.748%, H15T5Y + 3.358%(A)(I)		1,700		1,686
Wells Fargo
3.900%, H15T5Y + 3.453%(A)(I)		2,200		1,985
				186,394
Health Care — 0.9%
Cincinnati Senior Care
12.000%, 12/31/2023 (C)		100		102
CommonSpirit Health
4.187%, 10/01/2049		4,300		3,269
Toledo Hospital
5.325%, 11/15/2028		2,500		2,214
4.982%, 11/15/2045		1,500		960

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Tower Health
4.451%, 02/01/2050	$	5,540	$	2,465
				9,010
Utilities — 1.5%
Dominion Energy
4.650%, H15T5Y + 2.993%(A)(I)		9,000		8,335
4.350%, H15T5Y + 3.195%(A)(I)		800		685
Duke Energy
4.875%, H15T5Y + 3.388%(A)(I)		6,100		5,971
Pacific Gas & Electric
3.400%, 08/15/2024		100		98
				15,089
Total Corporate Obligations
(Cost $235,127) ($ Thousands)				210,493
	Shares
PREFERRED STOCK — 3.7%
Communication Services — 0.3%
AT&T
4.750%(I)		137,000		2,630
Consumer Discretionary — 0.1%
Dairy Farmers of America
7.875%*(I)		15,000		1,313
Financials — 3.1%
Allstate
7.375%(I)		10,000		267
4.750%(I)		23,980		502
Arch Capital Group
5.450%(I)		13,693		309
Capital One Financial
5.000%(I)		71,700		1,301
Equitable Holdings
5.250%(I)		25,000		518
4.300%(I)		25,956		416
Fifth Third Bancorp (A)
6.625%, TSFR3M + 3.972%(A)(I)		77,237		1,939
Goldman Sachs Group (A)
6.301%, TSFR3M + 0.932%(A)(I)		30,599		649
KeyCorp (A)
6.125%, TSFR3M + 4.154%(A)(I)		4,000		86
M&T Bank (A)
5.625%, US0003M + 4.020%(A)(I)		12,841		314
MetLife
5.625%(I)		21,291		505
4.750%(I)		191,891		4,004
Morgan Stanley (A)
7.125%, US0003M + 4.320%(A)(I)		52,145		1,316

70

SEI Tax Exempt Trust

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Continued)

Description	Shares		Market Value ($ Thousands)
PREFERRED STOCK (continued)
6.875%, US0003M + 3.940%(A)(I)		52,462	$	1,327
6.356%, TSFR3M + 0.962%(A)(I)		161,113		3,434
NY Community Bancorp (A)
6.375%, US0003M + 3.821%(A)(I)		110,000		2,549
Regions Financial
6.375%, TSFR3M + 3.798%(A)(I)		2,600		58
5.700%, US0003M + 3.148%(A)(I)		16,000		318
4.450%(I)		49,094		798
RenaissanceRe Holdings
4.200%(I)		40,000		668
State Street (A)
5.900%, TSFR3M + 3.370%(A)(I)		109,475		2,729
Stifel Financial
4.500%(I)		44,000		735
US Bancorp (A)
6.676%, TSFR3M + 1.282%(A)(I)		500		400
6.256%, TSFR3M + 0.862%(A)(I)		10,051		198
4.000%(I)		20,059		339
Voya Financial (A)
5.350%, H15T5Y + 3.210%(A)(I)		105,000		2,498
Webster Financial
6.500%(I)		36,337		805
5.250%(I)		42,731		787
Wells Fargo (A)
7.500%*(I)		918		1,026
6.625%, US0003M + 3.690%(A)(I)		48,481		1,211
5.625%(I)		5,000		116
				32,122
Utilities — 0.2%
Duke Energy
5.750%(I)		8,727		215
Entergy Texas
5.375%(I)		39,700		885
NSTAR Electric
4.780%(I)		10,708		814
				1,914

Description	Shares		Market Value ($ Thousands)
PREFERRED STOCK (continued)
Total Preferred Stock
(Cost $41,661) ($ Thousands)			$	37,979
	Face Amount (Thousands)
U.S. TREASURY OBLIGATIONS — 1.6%
United States Treasury Bill
5.404%, 02/27/2024 (K)	$	10,600		10,464
5.341%, 02/08/2024 (K)		4,800		4,752
5.328%, 02/22/2024 (K)		700		691
Total U.S. Treasury Obligations
(Cost $15,905) ($ Thousands)				15,907
MORTGAGE-BACKED SECURITIES — 0.9%
Agency Mortgage-Backed Obligation — 0.9%
FHLMC
5.210%, 08/01/2040		3,598		3,640
3.850%, 07/01/2039		4,204		3,706
3.600%, 06/01/2043		1,800		1,494
				8,840
Total Mortgage-Backed Securities
(Cost $8,868) ($ Thousands)				8,840
	Shares
CASH EQUIVALENT — 0.1%
SEI Daily Income Trust, Government Fund, Institutional Class
5.220%**†		1,276,647		1,277
Total Cash Equivalent
(Cost $1,277) ($ Thousands)				1,277
Total Investments in Securities — 100.5%
(Cost $1,108,364) ($ Thousands)			$	1,031,588

A list of the open futures contracts held by the Fund at November 30, 2023, is as follows:

Type of Contract	Number of Contracts			Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Depreciation(Thousands)
Short Contracts
U.S. Ultra Long Treasury Bond		(14	)		Mar-2024	$	(1,689	)	$	(1,722	)	$	(33	)

	Percentages are based on Net Assets of $1,026,739 ($ Thousands).
*	Non-income producing security.
**	The rate reported is the 7-day effective yield as of November 30, 2023.
†	Investment in Affiliated Security.

(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.

SEI Tax Exempt Trust

71

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2023

Tax-Advantaged Income Fund (Concluded)

(C)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On November 30, 2023, the value of these securities amounted to $233,061 ($ Thousands), representing 22.7% of the Net Assets of the Fund.
(D)	Security is in default on interest payment.
(E)	No interest rate available.

(F)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.
(G)	Zero coupon security.
(H)	Securities are held in connection with a letter of credit issued by a major bank.
(I)	Perpetual security with no stated maturity date.
(J)	Level 3 security in accordance with fair value hierarchy.
(K)	Interest rate represents the security's effective yield at the time of purchase.

The following is a summary of the transactions with affiliates for the period ended November 30, 2023 ($ Thousands):

Security Description	Value 8/31/2023		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 11/30/2023		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	3,340	$	16,418	$	(18,481	)	$	—	$	—	$	1,277	$	100	$	—

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

See “Glossary” for abbreviations.

72

SEI Tax Exempt Trust

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

November 30, 2023 (Unaudited)

Portfolio Abbreviations

AGC — Assured Guaranty Corporation

AGM— Assured Guaranty Municipal

AMBAC — American Municipal Bond Assurance Co.

AMT — Alternative Minimum Tax

BAM — Build America Mutual Assurance Corp.

BAN — Bond Anticipation Note

Cl — Class

COP — Certificate of Participation

FHA— Federal Housing Administration

FHLMC — Federal Home Loan Mortgage Corporation

FGIC — Financial Guaranty Insurance Company

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

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

LIBOR— London Interbank Offered Rate

MTN — Medium Term Note

NATL — National Public Finance Guarantee Corp.

PSF-GTD — Permanent School Board Loan Fund

Q-SBLF — Qualified State Bond Loan Fund

RB — Revenue Bond

SAB — Special Assessment Bond

Ser— Series

SIFMA — Securities Industry and Financial Markets Association

TA — Tax Allocation

TRAN – Tax Revenue Anticipation Note

TSFR3M – Term Secured Overnight Financing Rate 3 Month

USD — U.S. Dollar

SEI Tax Exempt Trust

73