SEI Daily Income Trust

/s/ Robert A. Nesher

Robert A. Nesher, President and CEO

0001193125-20-263617.txt : 20201005 0001193125-20-263617.hdr.sgml : 20201005 20201005121105 ACCESSION NUMBER: 0001193125-20-263617 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20200731 FILED AS OF DATE: 20201005 DATE AS OF CHANGE: 20201005 EFFECTIVENESS DATE: 20201005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEI DAILY INCOME TRUST /MA/ CENTRAL INDEX KEY: 0000701939 IRS NUMBER: 236756825 STATE OF INCORPORATION: MA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-03451 FILM NUMBER: 201222800 BUSINESS ADDRESS: STREET 1: 2 OLIVER ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8003425734 MAIL ADDRESS: STREET 1: ONE FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19456 FORMER COMPANY: FORMER CONFORMED NAME: SEI CASH & PLUS TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: TRUSTFUNDS CASH & PLUS TRUST DATE OF NAME CHANGE: 19890123 FORMER COMPANY: FORMER CONFORMED NAME: CASH PLUS TRUST DATE OF NAME CHANGE: 19860827

0000701939 S000006773 SDIT GOVERNMENT FUND

C000018365 SDIT GOVERNMENT FUND - CLASS F, effective 1-31-2017 (formerly Class A) SEOXX

C000162326 Class CAA GFAXX

0000701939 S000006774 SDIT TREASURY II FUND

C000018368 SDIT TREASURY II FUND - CLASS F, effective 1-31-2017 (formerly Class A) SCPXX

0000701939 S000006776 SDIT GOVERNMENT II FUND

C000018374 SDIT GOVERNMENT II FUND - CLASS F, effective 1-31-2017 (formerly Class A) TCGXX

0000701939 S000008266 SDIT ULTRA SHORT DURATION BOND FUND

C000022551 SDIT ULTRA SHORT DURATION BOND FUND - CLASS F, effective 1-31-2017 (formerly Class A) SECPX

C000158211 Class Y SECYX

0000701939 S000008267 SDIT SHORT DURATION GOVERNMENT FUND

C000022552 SDIT SHORT DURATION GOVERNMENT FUND - CLASS F, effective 1-31-2017 (formerly Class A) TCSGX

C000147419 Class Y SDGFX

0000701939 S000008269 SDIT GNMA FUND

C000022554 SDIT GNMA FUND - CLASS F, effective 1-31-2017 (formerly Class A) SEGMX

C000147421 Class Y SGMYX

N-CSRS 1 d937081dncsrs.htm SEI DAILY INCOME TRUST SEI Daily Income Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSRS

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-03451

SEI Daily Income Trust

(Exact name of registrant as specified in charter)

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Address of principal executive offices)

Timothy D. Barto, Esq.

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Name and address of agent for service)

Registrant’s telephone number, including area code: 610-676-1000

Date of fiscal year end: January 31, 2021

Date of reporting period: July 31, 2020

Item 1.

Reports to Stockholders.

July 31, 2020

SEMI-ANNUAL REPORT

SEI Daily Income Trust


		Government Fund
		Government II Fund
		Treasury II Fund
		Ultra Short Duration Bond Fund
		Short-Duration Government Fund
		GNMA Fund

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Funds’ shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from the Funds or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically by contacting your financial intermediary.

You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can follow the instructions included with this disclosure, if applicable, or you can contact your financial intermediary to inform it that you wish to continue receiving paper copies of your shareholder reports. If you invest directly with the Funds, you can inform the Funds that you wish to continue receiving paper copies of your shareholder reports by calling 1-800-DIAL-SEI. Your election to receive reports in paper will apply to all funds held with the SEI Funds or your financial intermediary.

LOGO

TABLE OF CONTENTS



Schedules of Investments			1

Statements of Assets and Liabilities			36

Statements of Operations			38

Statements of Changes in Net Assets			40

Financial Highlights			44

Notes to Financial Statements			46

Disclosure of Fund Expenses			58

Liquidity Risk Management Program			60

Board of Trustees’ Considerations in Approving the Advisory Agreement			61

The Trust files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarter of each fiscal year on Form N-PORT. The Trust’s Forms N-PORT are available on the Commission’s website at http://www.sec.gov.

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

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Government Fund

LOGO


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. GOVERNMENT AGENCY OBLIGATIONS — 37.4%
FFCB
0.131%, VAR ICE LIBOR USD 1 Month-0.050%, 08/17/2020	$	25,255	$	25,255
0.138%, VAR ICE LIBOR USD 1 Month-0.040%, 09/11/2020		33,895		33,895
0.200%, VAR ICE LIBOR USD 1 Month+0.025%, 12/14/2020		37,000		36,999
0.200%, VAR US Federal Funds Effective Rate+0.100%, 12/16/2020		3,220		3,220
0.180%, VAR United States Secured Overnight Financing Rate+0.080%, 01/14/2021		12,835		12,835
0.222%, VAR ICE LIBOR USD 1 Month+0.045%, 04/16/2021		50,760		50,760
0.300%, VARUS Federal Funds Effective Rate+0.200%, 04/22/2021		20,665		20,668
0.365%, VAR US Treasury 3 Month Bill Money Market Yield+0.260%, 06/17/2021		27,935		27,933
0.330%, VAR US Treasury 3 Month Bill Money Market Yield+0.225%, 07/08/2021		15,470		15,470
0.293%, VAR ICE LIBOR USD 1 Month+0.110%, 07/09/2021		7,240		7,240
0.296%, VAR ICE LIBOR USD 1 Month+0.130%, 10/08/2021		5,260		5,260
0.288%, VAR ICE LIBOR USD 1 Month+0.110%, 11/12/2021		7,785		7,785
0.290%, VAR United States Secured Overnight Financing Rate+0.190%, 11/18/2021		12,825		12,825
0.255%, VAR US Treasury 3 Month Bill Money Market Yield+0.150%, 12/13/2021		17,765		17,741
0.172%, VAR ICE LIBOR USD 1 Month+0.005%, 12/28/2021		21,965		21,962
0.280%, VAR United States Secured Overnight Financing Rate+0.180%, 01/14/2022		29,165		29,165
0.500%, VAR United States Secured Overnight Financing Rate+O.400%, 04/01/2022		50,000		50,000
0.280%, VAR US Federal Funds Effective Rate+0.180%, 07/20/2022		102,845		102,825


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
FFCB DN (A)
0.887%, 01/20/2021	$	9,720	$	9,679
0.301%, 01/27/2021		21,000		20,969
0.432%, 02/12/2021		20,690		20,642
0.180%, 04/08/2021		41,475		41,423
FHLB
0.136%, VAR ICE LIBOR USD 1 Month-0.030%, 08/04/2020		28,850		28,850
0.130%, VAR United States Secured Overnight Financing Rate+0.030%, 08/05/2020		11,370		11,370
0.120%, VAR United States Secured Overnight Financing Rate+0.020%, 08/19/2020		18,065		18,065
0.137%, VAR ICE LIBOR USD 1 Month-0.050%, 08/20/2020		23,910		23,910
0.130%, VAR United States Secured Overnight Financing Rate+0.030%, 08/21/2020		8,470		8,470
0.120%, VAR United States Secured Overnight Financing Rate+0.020%, 08/28/2020		60,560		60,560
2.625%, 10/01/2020		16,995		17,022
0.220%, VAR United States Secured Overnight Financing Rate+0.120%, 10/07/2020		19,095		19,095
0.181%, VAR ICE LIBOR USD 3 Month-0.125%, 12/21/2020		51,040		51,040
0.150%, VAR United States Secured Overnight Financing Rate+0.050%, 01/22/2021		10,605		10,605
0.140%, VAR United States Secured Overnight Financing Rate+0.040%, 02/09/2021		61,690		61,685
0.180%, VAR United States Secured Overnight Financing Rate+0.080%, 03/04/2021		20,105		20,105
0.215%, VAR United States Secured Overnight Financing Rate+0.115%, 03/12/2021		39,405		39,405
0.210%, VAR United States Secured Overnight Financing Rate+0.110%, 03/25/2021		50,850		50,850
0.156%, VAR ICE LIBOR USD 1 Month-0.010%, 04/05/2021		53,435		53,435
0.152%, VAR ICE LIBOR USD 1 Month-0.020%, 04/27/2021		28,850		28,844
0.260%, VAR United States Secured Overnight Financing Rate+0.160%, 05/07/2021		85,305		85,305
0.170%, 05/13/2021		80,595		80,593
0.200%, 06/17/2021		65,185		65,181


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		1

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Government Fund (Continued)


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
0.175%, VAR United States Secured Overnight Financing Rate+0.075%, 07/23/2021	$	15,215	$	15,215
0.185%, VAR United States Secured Overnight Financing Rate+0.085%, 09/10/2021		44,170		44,170
0.220%, VAR United States Secured Overnight Financing Rate+0.120%, 02/28/2022		41,190		41,190
FHLB DN (A)
0.119%, 08/05/2020		50,565		50,564
1.609%, 08/14/2020		41,880		41,856
0.308%, 08/17/2020		189,975		189,949
0.250%, 08/20/2020		157,105		157,084
0.581%, 08/21/2020		102,010		101,977
1.451%, 08/26/2020		47,140		47,093
0.944%, 08/28/2020		10,265		10,258
0.521%, 09/01/2020		89,570		89,530
0.194%, 10/07/2020		47,985		47,968
0.140%, 10/14/2020		33,130		33,121
0.100%, 10/23/2020		100,000		99,977
0.522%, 10/30/2020		200,000		199,740
0.704%, 12/04/2020		40,600		40,501
0.522%, 12/15/2020		100,000		99,804
0.105%, 12/18/2020		28,730		28,718
0.105%, 12/23/2020		37,475		37,459
0.351%, 12/29/2020		110,000		109,840
0.159%, 01/04/2021		11,175		11,167
0.351%, 03/09/2021		16,775		16,739
0.200%, 04/29/2021		70,850		70,743
0.160%, 05/14/2021		25,000		24,968
0.200%, 06/11/2021		51,350		51,261
FHLMC MTN
0.125%, VAR United States Secured Overnight Financing Rate+0.025%, 02/26/2021		25,815		25,815
0.400%, VAR United States Secured Overnight Financing Rate+0.300%, 06/30/2021		150,000		150,000
0.420%, VAR United States Secured Overnight Financing Rate+0.320%, 09/23/2021		111,310		111,310
0.280%, VAR United States Secured Overnight Financing Rate+0.180%, 12/13/2021		36,750		36,750
0.290%, VAR United States Secured Overnight Financing Rate+0.190%, 05/11/2022		40,000		40,000
FNMA
0.170%, VAR United States Secured Overnight Financing Rate+0.070%, 12/11/2020		24,720		24,720


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
0.380%, VAR United States Secured Overnight Financing Rate+0.280%, 04/26/2021	$	150,000	$	150,000
0.390%, VAR United States Secured Overnight Financing Rate+0.290%, 10/04/2021		40,000		40,000
0.300%, VAR United States Secured Overnight Financing Rate+0.200%, 12/16/2021		40,000		40,000
0.450%, VAR United States Secured Overnight Financing Rate+0.350%, 04/07/2022		59,220		59,220
0.490%, VAR United States Secured Overnight Financing Rate+0.390%, 04/15/2022		30,710		30,710
0.220%, VAR United States Secured Overnight Financing Rate+0.120%, 07/29/2022		51,130		51,130


Total U.S. Government Agency Obligations (Cost $3,729,488) ($Thousands)				3,729,488


U.S. TREASURY OBLIGATIONS — 24.8%
U.S. Treasury Bills (A)
0.115%, 08/04/2020		500,000		499,995
0.295%, 08/06/2020		63,745		63,742
0.132%, 08/13/2020		42,440		42,438
1.004%, 08/20/2020		11,780		11,770
0.132%, 08/25/2020		156,295		156,281
1.004%, 08/27/2020		54,505		54,466
0.135%, 09/01/2020		36,320		36,316
0.818%, 09/03/2020		24,150		24,132
0.148%, 09/10/2020		19,850		19,847
0.140%, 09/17/2020		20,840		20,836
0.134%, 10/22/2020		344,420		344,315
0.153%, 10/29/2020		23,650		23,641
0.184%, 11/24/2020		142,965		142,881
0.110%, 01/05/2021		48,000		47,978
0.180%, 02/25/2021		50,000		49,948
0.178%, 03/25/2021		115,725		115,590
0.160%, 05/20/2021		81,190		81,085
U.S. Treasury Notes
0.150%, VAR US Treasury 3 Month Bill Money Market Yield+0.045%, 10/31/2020		240,000		239,938
1.875%, 12/15/2020		110,000		110,582
2.000%, 01/15/2021		12,850		12,946
0.220%, VAR US Treasury 3 Month Bill Money Market Yield+0.115%, 01/31/2021		209,530		209,512


2		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
0.325%, VAR US Treasury 3 Month Bill Money Market Yield+0.220%, 07/31/2021	$	40,000	$	40,000
0.405%, VAR US Treasury 3 Month Bill Money Market Yield+0.300%, 10/31/2021		65,630		65,667
0.160%, VAR US Treasury 3 Month Bill Money Market Yield+0.055%, 07/31/2022		59,016		59,016


Total U.S. Treasury Obligations (Cost $2,472,922) ($Thousands)				2,472,922


REPURCHASE AGREEMENTS(B) — 36.1%
Bank Of America Securities 0.100%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $110,000,917 (collateralized by FNMA, FHLMC, ranging in par value $244,091 - $130,017,983, 2.000% - 4.500%, 04/01/2035 - 08/01/2050, with a total market value of $113,300,000)		110,000		110,000
Barclays Bank PLC 0.070%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $650,003,792 (collateralized by U.S. Treasury Obligations, ranging in par value $912,900 - $196,736,700, 1.375% - 3.625%, 07/31/2023 - 08/15/2043, with a total market value of $663,000,094)		650,000		650,000
BNP Paribas 0.070%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $550,003,208 (collateralized by U.S. Treasury Obligations, ranging in par value $42 - $149,864,400, 0.000% - 1.750%, 01/15/2021 - 11/15/2048, with a total market value of $561,000,033)		550,000		550,000
Citigroup Global 0.070%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $203,001,184 (collateralized by U.S. Treasury Obligations, ranging in par value $100 - $81,260,100, 1.000% - 3.375%, 02/15/2048 - 02/15/2049, with a total market value of $207,060,061)		203,000		203,000


Description	Face Amount (Thousands)		Value ($ Thousands)

REPURCHASE AGREEMENTS(B) (continued)
Citigroup Global 0.090%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $10,000,075 (collateralized by U.S. Treasury Obligations, ranging in par value $100 - $9,183,600, 0.625% - 2.750%, 01/15/2024 - 02/29/2024, with a total market value of $10,200,050)	$	10,000	$	10,000
Goldman Sachs 0.090%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $350,002,625 (collateralized by FHLB, FFCB, FNMA, U.S. Treasury Obligations, ranging in par value $85,000 - $223,965,111, 0.000% - 5.625%, 03/17/2021 - 06/29/2040, with a total market value of $357,000,000)		350,000		350,000
Goldman Sachs 0.080%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $60,000,400 (collateralized by U.S. Treasury Obligations, ranging in par value $1,018,200 - $54,565,700, 0.000%, 08/15/2039 - 02/15/2050, with a total market value of $61,200,048)		60,000		60,000
J.P. Morgan 0.080%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $415,002,767 (collateralized by U.S. Treasury Obligations, ranging in par value $53,453,800 - $176,738,000, 0.250% - 2.375%, 01/31/2024 - 06/30/2025, with a total market value of $423,300,085)		415,000		415,000
Mizuho Securities 0.090%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $29,000,218 (collateralized by U.S. Treasury Obligations, ranging in par value $26,398,700, 2.625%, 03/31/2025, with a total market value of $29,580,007)		29,000		29,000
Mufg Securities 0.070%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $55,000,321 (collateralized by U.S. Treasury Obligations, ranging in par value $20,900 - $17,577,600, 0.000% - 8.750%, 08/15/2020 - 05/15/2050, with a total market value of $56,100,000)		55,000		55,000


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		3

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Government Fund (Concluded)


Description	Face Amount (Thousands)		Value ($ Thousands)

REPURCHASE AGREEMENTS(B) (continued)
Natixis S.A. 0.070%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $334,001,949 (collateralized by U.S. Treasury Obligations, ranging in par value $100 - $81,207,000, 0.125% - 3.750%, 01/15/2021 - 11/15/2046, with a total market value of $340,680,020)	$	334,000	$	334,000
Natixis S.A. 0.090%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $65,000,488 (collateralized by U.S. Treasury Obligations, ranging in par value $100 - $36,259,800, 0.125% - 3.125%, 04/15/2021 - 08/15/2049, with a total market value of $66,300,019)		65,000		65,000
TD Securities 0.100%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $500,004,167 (collateralized by FHLMC, FNMA, GNMA, ranging in par value $84,781,758 - $123,961,088, 2.000% - 4.000%, 04/01/2047- 08/01/2050, with a total market value of $514,386,558)		500,000		500,000
TD Securities 0.080%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $65,000,433 (collateralized by U.S. Treasury Obligations, ranging in par value $1,298,400 - $22,098,300, 1.500% - 2.625%, 04/15/2021 - 09/30/2024, with a total market value of $66,300,098)		65,000		65,000
The Bank of Nova 0.070%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $200,001,167 (collateralized by U.S. Treasury Obligations, ranging in par value $100 - $53,767,000, 0.125% - 6.125%, 03/31/2022 - 02/15/2048, with a total market value of $204,001,279)		200,000		200,000


Total Repurchase Agreements (Cost $3,596,000) ($Thousands)				3,596,000


Total Investments — 98.3% (Cost $9,798,410) ($Thousands)			$	9,798,410

Percentages are based on a Net Assets of $9,968,397 ($Thousands).

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

(B)	Tri-Party Repurchase Agreement.

DN — Discount Note

FFCB — Federal Farm Credit Bank

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

ICE — Intercontinental Exchange

LIBOR — London Interbank Offered Rate

MTN — Medium Term Note

USD — U.S. Dollar

VAR — Variable Rate

As of July 31, 2020, all of the Fund’s investments were considered level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2020, there were no transfers in or out of level 3.

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

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


4		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Government II Fund

LOGO


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 77.8%
U.S. Treasury Bills (A)
0.126%, 08/04/2020	$	371,000	$	370,996
0.126%, 08/06/2020		249,400		249,396
0.091%, 08/11/2020		235,500		235,496
0.120%, 08/13/2020		38,000		37,999
1.522%, 08/20/2020		113,550		113,539
0.120%, 08/25/2020		48,800		48,796
0.850%, 08/27/2020		11,880		11,873
0.094%, 09/01/2020		43,145		43,142
0.818%, 09/03/2020		7,085		7,080
0.125%, 09/08/2020		145,335		145,316
1.771%, 09/10/2020		4,610		4,601
0.121%, 09/15/2020		83,420		83,407
0.140%, 09/17/2020		74,775		74,761
0.090%, 09/22/2020		15,000		14,998
0.155%, 09/24/2020		80,000		79,981
0.093%, 09/29/2020		15,450		15,448
0.130%, 10/22/2020		120,395		120,359
0.128%, 11/10/2020		88,885		88,853
0.190%, 11/17/2020		30,000		29,983
0.184%, 11/24/2020		33,260		33,240
0.180%, 02/25/2021		20,000		19,979
0.160%, 05/20/2021		18,595		18,571
U.S. Treasury Notes
2.750%, 09/30/2020		23,630		23,674
0.150%, VAR US Treasury 3 Month Bill Money Market Yield+0.045%, 10/31/2020		30,000		29,992
2.625%, 11/15/2020		1,955		1,960
2.750%, 11/30/2020		6,395		6,419
2.000%, 11/30/2020		1,440		1,442
1.625%, 11/30/2020		2,430		2,430
0.220%, VAR US Treasury 3 Month Bill Money Market Yield+0.115%, 01/31/2021		11,750		11,750
0.325%, VAR US Treasury 3 Month Bill Money Market Yield+0.220%, 07/31/2021		10,000		10,000
0.405%, VAR US Treasury 3 Month Bill Money Market Yield+0.300%, 10/31/2021		14,425		14,434
0.219%, VAR US Treasury 3 Month Bill Money Market Yield+0.114%, 04/30/2022		40,000		40,000


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
0.160%, VAR US Treasury 3 Month Bill Money Market Yield+0.055%, 07/31/2022	$	29,508	$	29,508


Total U.S. Treasury Obligations (Cost $2,019,423) ($ Thousands)				2,019,423


U.S. GOVERNMENT AGENCY OBLIGATIONS — 31.7%
FFCB
0.131%, VAR ICE LIBOR USD 1 Month-0.050%, 08/17/2020		6,265		6,265
0.138%, VAR ICE LIBOR USD 1 Month-0.040%, 09/11/2020		8,630		8,630
0.200%, VAR ICE LIBOR USD 1 Month+0.025%, 12/14/2020		7,925		7,925
0.180%, VAR United States Secured Overnight Financing Rate+0.080%, 01/14/2021		3,850		3,850
0.235%, VAR US Treasury 3 Month Bill Money Market Yield+0.130%, 02/08/2021		6,195		6,191
0.222%, VAR ICE LIBOR USD 1 Month+0.045%, 04/16/2021		12,670		12,670
0.300%, VAR US Federal Funds Effective Rate+0.200%, 04/22/2021		19,320		19,323
0.260%, VAR United States Secured Overnight Financing Rate+0.160%, 05/07/2021		53,190		53,190
0.365%, VAR US Treasury 3 Month Bill Money Market Yield+0.260%, 06/17/2021		8,075		8,074
0.330%, VAR US Treasury 3 Month Bill Money Market Yield+0.225%, 07/08/2021		4,170		4,170
0.290%, VAR United States Secured Overnight Financing Rate+0.190%, 11/18/2021		4,015		4,015
0.280%, VAR United States Secured Overnight Financing Rate+0.180%, 01/14/2022		8,755		8,755
0.240%, VAR US Treasury 3 Month Bill Money Market Yield+0.120%, 05/02/2022		3,660		3,660
0.300%, VAR United States Secured Overnight Financing Rate+0.200%, 06/23/2022		13,155		13,155
0.280%, VAR US Federal Funds Effective Rate+0.180%, 07/20/2022		30,050		30,044
FFCB DN (A)
1.620%, 09/28/2020		4,470		4,459


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		5

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Government II Fund (Concluded)


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
0.887%, 01/20/2021	$	2,820	$	2,808
0.301%, 01/27/2021		20,000		19,970
FFCB DN (A)
1.549%, 11/25/2020		9,600		9,553
0.150%, 12/01/2020		8,430		8,426
1.550%, 12/22/2020		25,115		24,962
0.271%, 03/17/2021		9,745		9,728
0.190%, 06/01/2021		16,570		16,543
FHLB
0.130%, VAR United States Secured Overnight Financing Rate+0.030%, 08/05/2020		3,385		3,385
0.120%, VAR United States Secured Overnight Financing Rate+0.020%, 08/19/2020		5,335		5,335
0.137%, VAR ICE LIBOR USD 1 Month-0.050%, 08/20/2020		7,475		7,475
0.185%, VAR United States Secured Overnight Financing Rate+0.085%, 09/11/2020		14,910		14,910
0.205%, VAR United States Secured Overnight Financing Rate+0.105%, 10/01/2020		4,115		4,115
0.220%, VAR United States Secured Overnight Financing Rate+0.120%, 10/07/2020		5,190		5,190
0.230%, VAR United States Secured Overnight Financing Rate+0.130%, 10/16/2020		37,000		37,000
0.220%, VAR United States Secured Overnight Financing Rate+0.120%, 12/11/2020		7,590		7,590
0.181%, VAR ICE LIBOR USD 3 Month-0.125%, 12/21/2020		11,445		11,445
0.107%, VAR ICE LIBOR USD 3 Month-0.170%, 01/08/2021		7,000		7,000
0.140%, VAR United States Secured Overnight Financing Rate+0.040%, 02/09/2021		18,380		18,378
0.215%, VAR United States Secured Overnight Financing Rate+0.115%, 03/12/2021		9,575		9,575
0.210%, VAR United States Secured Overnight Financing Rate+0.110%, 03/25/2021		12,090		12,090
0.156%, VAR ICE LIBOR USD 1 Month-0.010%, 04/05/2021		15,350		15,350
0.152%, VAR ICE LIBOR USD 1 Month-0.020%, 04/27/2021		8,980		8,978
0.260%, VAR United States Secured Overnight Financing Rate+0.160%, 05/07/2021		20,350		20,350
0.170%, 05/13/2021		30,740		30,740


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
0.200%, 06/17/2021	$	12,775	$	12,774
0.175%, VAR United States Secured Overnight Financing Rate+0.075%, 07/23/2021		4,575		4,575
0.220%, VAR United States Secured Overnight Financing Rate+0.120%, 10/13/2021		30,000		30,000
0.220%, VAR United States Secured Overnight Financing Rate+0.120%, 02/28/2022		12,925		12,925
FHLB DN (A)
0.119%, 08/05/2020		19,495		19,495
1.570%, 08/07/2020		38,290		38,280
1.609%, 08/14/2020		13,050		13,042
1.101%, 08/17/2020		13,725		13,718
0.250%, 08/20/2020		33,210		33,206
1.537%, 08/21/2020		10,115		10,106
0.944%, 08/28/2020		3,010		3,008
0.105%, 09/11/2020		33,385		33,381
0.194%, 10/07/2020		9,655		9,652
0.140%, 10/14/2020		16,690		16,685
0.105%, 12/18/2020		7,315		7,312
0.105%, 12/23/2020		9,530		9,526
0.351%, 12/29/2020		15,000		14,978
0.201%, 04/12/2021		10,290		10,275
0.200%, 04/29/2021		13,420		13,400
0.200%, 06/11/2021		12,485		12,463


Total U.S. Government Agency Obligations (Cost $824,073) ($Thousands)				824,073


Total Investments — 109.5% (Cost $2,843,496) ($ Thousands)			$	2,843,496

Percentages are based on a Net Assets of $2,596,580 ($ Thousands).

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

DN — Discount Note

FFCB — Federal Farm Credit Bank

FHLB — Federal Home Loan Bank

ICE — Intercontinental Exchange

LIBOR — London Interbank Offered Rate

USD — U.S. Dollar

VAR — Variable Rate

As of July 31, 2020, all of the Fund’s investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

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

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


6		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Treasury II Fund

LOGO


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 106.2%
U.S. Treasury Bills (A)
0.122%, 08/04/2020	$	47,535	$	47,535
0.204%, 08/06/2020		6,755		6,755
0.108%, 08/11/2020		53,150		53,148
0.037%, 08/13/2020		8,000		8,000
0.117%, 08/18/2020		5,650		5,650
1.522%, 08/20/2020		705		705
0.140%, 08/25/2020		35,000		34,997
1.382%, 08/27/2020		22,435		22,413
0.094%, 09/01/2020		14,320		14,319
1.771%, 09/10/2020		1,335		1,332
0.107%, 09/15/2020		7,000		6,999
0.300%, 09/17/2020		7,920		7,917
0.090%, 09/22/2020		5,000		4,999
0.155%, 09/24/2020		20,000		19,995
0.093%, 09/29/2020		13,240		13,238
0.150%, 10/01/2020		7,320		7,318
0.170%, 10/15/2020		3,850		3,849
0.128%, 10/22/2020		20,185		20,179
0.105%, 10/29/2020		18,000		17,995
0.128%, 11/10/2020		17,395		17,389
0.190%, 11/17/2020		10,000		9,994
0.184%, 11/24/2020		4,995		4,992
0.165%, 01/28/2021		12,000		11,990
0.180%, 02/25/2021		5,000		4,995
U.S. Treasury Notes
1.375%, 09/15/2020		3,185		3,187
1.375%, 09/30/2020		1,270		1,269
0.150%, VAR US Treasury 3 Month Bill Money Market Yield+0.045%, 10/31/2020		9,000		8,998
2.625%, 11/15/2020		395		396
1.750%, 11/15/2020		390		390
2.750%, 11/30/2020		170		171
2.000%, 11/30/2020		290		290
1.625%, 11/30/2020		495		495
2.500%, 12/31/2020		8,335		8,365
2.375%, 12/31/2020		320		321
0.220%, VAR US Treasury 3 Month Bill Money Market Yield+0.115%, 01/31/2021		15,140		15,139
0.244%, VAR US Treasury 3 Month Bill Money Market Yield+0.139%, 04/30/2021		3,440		3,439
0.325%, VAR US Treasury 3 Month Bill Money Market Yield+0.220%, 07/31/2021		12,000		11,994


Description	Face Amount (Thousands)		Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
0.405%, VAR US Treasury 3 Month Bill Money Market Yield+0.300%, 10/31/2021	$	7,000	$	7,011
0.259%, VAR US Treasury 3 Month Bill Money Market Yield+0.154%, 01/31/2022		3,880		3,880
0.219%, VAR US Treasury 3 Month Bill Money Market Yield+0.114%, 04/30/2022		13,000		13,002
0.160%, VAR US Treasury 3 Month Bill Money Market Yield+0.055%, 07/31/2022		3,934		3,933


Total U.S. Treasury Obligations (Cost $428,983) ($ Thousands)				428,983


Total Investments — 106.2% (Cost $428,983) ($ Thousands)			$	428,983

Percentages are based on a Net Assets of $403,781 ($Thousands).

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

VAR – Variable Rate

As of July 31, 2020, all of the Fund’s investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

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

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


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		7

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Ultra Short Duration Bond Fund

LOGO


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS — 36.1%

Communication Services — 0.4%
Comcast
0.626%, VAR ICE LIBOR USD 3 Month+0.330%, 10/01/2020	$	600	$	600
Fox
3.666%, 01/25/2022		85		89
NBCUniversal Media LLC
2.875%, 01/15/2023		80		85
Sky
3.125%, 11/26/2022 (A)		350		372

				1,146


Consumer Discretionary — 1.4%
Ford Motor Credit LLC
3.157%, 08/04/2020		600		600
General Motors
1.274%, VAR ICE LIBOR USD 3 Month+0.800%, 08/07/2020		600		600
General Motors Financial
1.118%, VAR ICE LIBOR USD 3 Month+0.850%, 04/09/2021		525		524
Howard University
2.801%, 10/01/2023		380		390
2.638%, 10/01/2021		160		162
Hyundai Capital America
1.217%, VAR ICE LIBOR USD 3 Month+0.940%, 07/08/2021 (A)		450		447
Marriott International
0.968%, VAR ICE LIBOR USD 3 Month+0.650%, 03/08/2021		375		372
0.950%, VAR ICE LIBOR USD 3 Month+0.600%, 12/01/2020		525		522
Nissan Motor Acceptance MTN
0.696%, VAR ICE LIBOR USD 3 Month+0.390%, 09/28/2020 (A)		500		499
VF
2.050%, 04/23/2022		375		385

				4,501


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Consumer Staples — 0.4%
Conagra Brands
3.800%, 10/22/2021	$	325	$	338
Kraft Heinz Foods
1.268%, VAR ICE LIBOR USD 3 Month+0.820%, 08/10/2022		550		541
Mondelez International
2.125%, 04/13/2023		80		83
0.625%, 07/01/2022		400		402

				1,364


Energy — 2.4%
Exxon Mobil
1.571%, 04/15/2023		1,495		1,541
Kinder Morgan
5.000%, 02/15/2021 (A)		600		611
Kinder Morgan Energy Partners
5.000%, 10/01/2021		130		135
MPLX
1.413%, VAR ICE LIBOR USD 3 Month+1.100%, 09/09/2022		1,035		1,025
1.213%, VAR ICE LIBOR USD 3 Month+0.900%, 09/09/2021		235		234
Occidental Petroleum
2.600%, 08/13/2021		240		237
1.684%, VAR ICE LIBOR USD 3 Month+1.250%, 08/13/2021		300		290
1.398%, VAR ICE LIBOR USD 3 Month+0.950%, 02/08/2021		300		297
Phillips 66
3.700%, 04/06/2023		285		306
Pioneer Natural Resources
3.450%, 01/15/2021		775		782
Saudi Arabian Oil MTN
2.750%, 04/16/2022 (A)		1,580		1,624
Schlumberger Finance Canada
2.200%, 11/20/2020 (A)		375		377
Valero Energy
2.700%, 04/15/2023		225		235

				7,694


Financials — 23.0%
ABN AMRO Bank MTN
0.939%, VAR ICE LIBOR USD 3 Month+0.570%, 08/27/2021 (A)		750		753
AIG Global Funding
0.800%, 07/07/2023 (A)		315		317
American Express
0.911%, VAR ICE LIBOR USD 3 Month+0.525%, 05/17/2021		450		452
American Honda Finance MTN
0.875%, 07/07/2023		300		303


8		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Aon
2.200%, 11/15/2022	$	140	$	145
Assurant
1.534%, VAR ICE LIBOR USD 3 Month+1.250%, 03/26/2021		77		77
Bank of America MTN
1.486%, VAR United States Secured Overnight Financing Rate+1.460%, 05/19/2024		300		307
1.451%, VAR ICE LIBOR USD 3 Month+1.180%, 10/21/2022		625		631
1.432%, VAR ICE LIBOR USD 3 Month+1.160%, 01/20/2023		400		404
0.947%, VAR ICE LIBOR USD 3 Month+0.650%, 06/25/2022		1,000		1,003
Bank of Montreal MTN
0.778%, VAR United States Secured Overnight Financing Rate+0.680%, 03/10/2023		1,340		1,341
Bank of New York Mellon MTN
1.950%, 08/23/2022		245		253
Bank of Nova Scotia
0.958%, VAR ICE LIBOR USD 3 Month+0.640%, 03/07/2022		375		378
Barclays Bank PLC
1.700%, 05/12/2022		225		229
BAT Capital
1.014%, VAR ICE LIBOR USD 3 Month+0.590%, 08/14/2020		1,600		1,600
BBVA USA
1.045%, VAR ICE LIBOR USD 3 Month+0.730%, 06/11/2021		500		500
BPCE
2.650%, 02/03/2021		450		455
BPCE MTN
1.578%, VAR ICE LIBOR USD 3 Month+1.220%, 05/22/2022 (A)		250		252
Canadian Imperial Bank of Commerce
2.100%, 10/05/2020		1,075		1,079
0.900%, VAR United States Secured Overnight Financing Rate+0.800%, 03/17/2023		500		501
0.566%, VAR ICE LIBOR USD 3 Month+0.315%, 02/02/2021		1,050		1,051
Capital One
2.150%, 09/06/2022		250		257
Capital One Bank USA
2.014%, VAR United States Secured Overnight Financing Rate+0.616%, 01/27/2023		400		407
Charles Schwab
0.694%, VAR ICE LIBOR USD 3 Month+0.320%, 05/21/2021		360		361


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Citibank
2.844%, VAR ICE LIBOR USD 3 Month+0.596%, 05/20/2022	$	450	$	458
0.785%, VAR ICE LIBOR USD 3 Month+0.350%, 02/12/2021		300		300
Citigroup
2.650%, 10/26/2020		385		387
0.970%, VAR United States Secured Overnight Financing Rate+0.870%, 11/04/2022		1,720		1,720
Citizens Bank
1.170%, VAR ICE LIBOR USD 3 Month+0.810%, 05/26/2022		550		553
1.144%, VAR ICE LIBOR USD 3 Month+0.720%, 02/14/2022		550		552
Cooperatieve Rabobank
1.103%, VAR ICE LIBOR USD 3 Month+0.830%, 01/10/2022		800		808
0.675%, VAR ICE LIBOR USD 3 Month+0.430%, 04/26/2021		750		752
Cooperatieve Rabobank UA
3.125%, 04/26/2021		1,150		1,174
Credit Suisse NY
2.800%, 04/08/2022		375		390
2.100%, 11/12/2021		645		659
0.550%, VAR United States Secured Overnight Financing Rate+0.450%, 02/04/2022		1,835		1,834
Credit Suisse NY MTN
4.375%, 08/05/2020		450		450
DAE Funding LLC
5.250%, 11/15/2021 (A)		575		575
Danske Bank
5.000%, 01/12/2022 (A)		570		601
3.001%, VAR ICE LIBOR USD 3 Month+1.249%, 09/20/2022 (A)		525		535
ERAC USA Finance LLC
5.250%, 10/01/2020 (A)		799		804
European Investment Bank
0.386%, VAR United States Secured Overnight Financing Rate+0.290%, 06/10/2022 (A)		2,350		2,350
Fifth Third Bank
0.518%, VAR ICE LIBOR USD 3 Month+0.250%, 10/30/2020		400		400
Fifth Third Bank MTN
1.800%, 01/30/2023		250		258
Ford Motor Credit LLC
1.576%, VAR ICE LIBOR USD 3 Month+1.270%, 03/28/2022		350		336
Goldman Sachs Group
5.750%, 01/24/2022		725		780


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		9

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Ultra Short Duration Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
1.562%, VAR ICE LIBOR USD 3 Month+1.170%, 11/15/2021	$	525	$	527
1.513%, VAR ICE LIBOR USD 3 Month+1.200%, 09/15/2020		1,000		1,000
1.355%, VAR ICE LIBOR USD 3 Month+1.110%, 04/26/2022		750		754
HSBC Holdings PLC
0.968%, VAR ICE LIBOR USD 3 Month+0.650%, 09/11/2021		450		450
HSBC USA
2.750%, 08/07/2020		700		700
lNG Groep
1.456%, VAR ICE LIBOR USD 3 Month+1.150%, 03/29/2022		400		404
Inter-American Development Bank
0.358%, VAR United States Secured Overnight Financing Rate+0.260%, 09/16/2022		1,600		1,595
Inter-American Development Bank MTN
0.475%, VAR ICE LIBOR USD 3 Month+0.200%, 07/15/2021		1,685		1,687
Jackson National Life Global Funding
2.250%, 04/29/2021 (A)		325		330
0.795%, VAR ICE LIBOR USD 3 Month+0.480%, 06/11/2021 (A)		1,000		1,003
JPMorgan Chase
4.500%, 01/24/2022		2,600		2,757
2.550%, 10/29/2020		600		602
KeyBank
1.168%, VAR ICE LIBOR USD 3 Month+0.810%, 11/22/2021		750		756
0.911%, VAR ICE LIBOR USD 3 Month+0.660%, 02/01/2022		1,550		1,558
KeyCorp MTN
2.900%, 09/15/2020		690		692
Manufacturers & Traders Trust
0.996%, VAR ICE LIBOR USD 3 Month+0.610%, 05/18/2022		450		452
0.515%, VAR ICE LIBOR USD 3 Month+0.270%, 01/25/2021		1,000		1,001
Marsh & McLennan
3.500%, 12/29/2020		115		117
MassMutual Global Funding II MTN
0.850%, 06/09/2023 (A)		448		453
Metropolitan Life Global Funding I
2.400%, 01/08/2021 (A)		795		802
Metropolitan Life Global Funding I MTN
0.672%, VAR United States Secured Overnight Financing Rate+0.570%, 01/13/2023 (A)		550		549
Mizuho Financial Group
0.990%, VAR ICE LIBOR USD 3 Month+0.630%, 05/25/2024		775		768


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Morgan Stanley
1.452%, VAR ICE LIBOR USD 3 Month+1.180%, 01/20/2022	$	1,225	$	1,230
Morgan Stanley MTN
2.750%, 05/19/2022		1,145		1,191
0.800%, VAR United States Secured Overnight Financing Rate+0.700%, 01/20/2023		775		776
MUFG Union Bank
0.918%, VAR ICE LIBOR USD 3 Month+0.600%, 03/07/2022		950		953
National Australia Bank
1.875%, 12/13/2022		250		258
National Bank of Canada
0.900%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+0.770%, 08/15/2023		475		478
Nationwide Building Society
2.000%, 01/27/2023 (A)		375		388
New York Life Global Funding
0.456%, VAR ICE LIBOR USD 3 Month+0.160%, 10/01/2020 (A)		600		600
Nordea Bank Abp
1.000%, 06/09/2023 (A)		300		305
Penske Truck Leasing Lp
3.650%, 07/29/2021 (A)		400		411
PNC Bank
1.743%, VAR ICE LIBOR USD 3 Month+0.000%, 02/24/2023		550		562
0.743%, VAR ICE LIBOR USD 3 Month+0.430%, 12/09/2022		500		501
0.685%, VAR ICE LIBOR USD 3 Month+0.325%, 02/24/2023		1,600		1,602
Protective Life Global Funding
1.082%, 06/09/2023 (A)		255		259
Regions Bank
0.934%, VAR ICE LIBOR USD 3 Month+0.500%, 08/13/2021		450		450
Royal Bank of Canada
2.100%, 10/14/2020		510		512
Royal Bank of Canada MTN
0.658%, VAR ICE LIBOR USD 3 Month+0.390%, 04/30/2021		580		581
Santander UK PLC
2.100%, 01/13/2023		245		254
0.970%, VAR ICE LIBOR USD 3 Month+0.620%, 06/01/2021		525		527
Standard Chartered PLC
2.744%, VAR ICE LIBOR USD 3 Month+1.200%, 09/10/2022 (A)		530		536


10		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
State Street
2.825%, VAR United States Secured Overnight Financing Rate+2.690%, 03/30/2023 (A)	$	660	$	685
Svenska Handelsbanken MTN
3.350%, 05/24/2021		900		922
0.830%, VAR ICE LIBOR USD 3 Month+0.470%, 05/24/2021		525		527
Toronto-Dominion Bank MTN
0.745%, VAR ICE LIBOR USD 3 Month+0.430%, 06/11/2021		1,600		1,605
0.580%, VAR United States Secured Overnight Financing Rate+0.480%, 01/27/2023		1,160		1,158
U.S. Bank
0.559%, VAR ICE LIBOR USD 3 Month+0.310%, 02/04/2021		1,250		1,252
UBS
2.450%, 12/01/2020 (A)		1,100		1,105
1.750%, 04/21/2022 (A)		750		766
UniCredit MTN
6.572%, 01/14/2022 (A)		350		372
USAA Capital
1.500%, 05/01/2023 (A)		525		541
Volkswagen Group of America Finance LLC
2.900%, 05/13/2022 (A)		450		467
1.375%, VAR ICE LIBOR USD 3 Month+0.940%, 11/12/2021 (A)		750		750
Wells Fargo
2.500%, 03/04/2021		600		608
1.374%, VAR ICE LIBOR USD 3 Month+1.110%, 01/24/2023		400		404

				72,225


Health Care — 3.9%
AbbVie
4.875%, 02/15/2021 (A)		750		759
1.024%, VAR ICE LIBOR USD 3 Month+0.650%, 11/21/2022 (A)		550		552
0.841%, VAR ICE LIBOR USD 3 Month+0.460%, 11/19/2021 (A)		1,245		1,248
Anthem
2.950%, 12/01/2022		575		606
BayCare Health System
2.460%, 11/15/2020		1,445		1,453
Bayer US Finance II LLC
3.500%, 06/25/2021 (A)		425		435
Becton Dickinson
1.181%, VAR ICE LIBOR USD 3 Month+0.875%, 12/29/2020		281		281
Bristol-Myers Squibb
3.250%, 02/20/2023		425		455
2.550%, 05/14/2021		870		885


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Cardinal Health
1.083%, VAR ICE LIBOR USD 3 Month+0.770%, 06/15/2022	$	775	$	776
Cigna
3.200%, 09/17/2020		1,965		1,972
0.949%, VAR ICE LIBOR USD 3 Month+0.650%, 09/17/2021		375		375
CVS Health
1.033%, VAR ICE LIBOR USD 3 Month+0.720%, 03/09/2021		435		437
McKesson
3.650%, 11/30/2020		300		303
Ohio Health
1.119%, 11/15/2021		295		295
Sutter Health
2.286%, 08/15/2053		325		325
UnitedHealth Group
0.345%, VAR ICE LIBOR USD 3 Month+0.070%, 10/15/2020		500		500
Upjohn
1.125%, 06/22/2022 (A)		450		454

				12,111


Industrials — 1.8%
Aviation Capital Group LLC
0.938%, VAR ICE LIBOR USD 3 Month+0.670%, 07/30/2021 (A)		570		542
Boeing
2.300%, 08/01/2021		385		387
Cargill
1.375%, 07/23/2023 (A)		300		307
Caterpillar Financial Services MTN
0.598%, VAR ICE LIBOR USD 3 Month+0.280%, 09/07/2021		1,600		1,602
Equifax
1.262%, VAR ICE LIBOR USD 3 Month+0.870%, 08/15/2021		460		462
GE Capital International Funding
2.342%, 11/15/2020		525		528
John Deere Capital MTN
2.350%, 01/08/2021		445		449
Otis Worldwide
0.754%, VAR ICE LIBOR USD 3 Month+0.450%, 04/05/2023 (A)		1,220		1,216
PACCAR Financial MTN
0.708%, VAR ICE LIBOR USD 3 Month+0.260%, 05/10/2021		150		150

				5,643


Information Technology — 1.6%
Broadcom
3.125%, 04/15/2021 (A)		775		787


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		11

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Ultra Short Duration Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Hewlett Packard Enterprise
4.450%, 10/02/2023	$	250	$	274
1.024%, VAR ICE LIBOR USD 3 Month+0.720%, 10/05/2021		375		375
0.998%, VAR ICE LIBOR USD 3 Month+0.680%, 03/12/2021		775		776
IBM Credit LLC
0.833%, VAR ICE LIBOR USD 3 Month+0.470%, 11/30/2020		1,140		1,142
International Business Machines
2.850%, 05/13/2022		575		601
Microchip Technology
3.922%, 06/01/2021		525		538
Oracle
2.500%, 05/15/2022		500		518

				5,011


Materials — 0.2%
DuPont de Nemours
3.766%, 11/15/2020		455		459
International Flavors & Fragrances
3.400%, 09/25/2020		245		246

				705


Utilities — 1.0%
Consolidated Edison of New York
0.697%, VAR ICE LIBOR USD 3 Month+0.400%, 06/25/2021		1,730		1,735
Dominion Energy
2.715%, 08/15/2021		130		133
2.450%, 01/15/2023 (A)		550		573
Duke Energy Progress LLC
0.498%, VAR ICE LIBOR USD 3 Month+0.180%, 09/08/2020		540		540

				2,981


Total Corporate Obligations (Cost $112,565) ($Thousands)				113,381


ASSET-BACKED SECURITIES — 33.5%

Automotive — 15.8%

American Credit Acceptance Receivables Trust, Ser 2019-2, Cl A
2.850%, 07/12/2022 (A)		27		27
American Credit Acceptance Receivables Trust, Ser 2019-3, Cl A
2.440%, 12/12/2022 (A)		185		186
American Credit Acceptance Receivables Trust, Ser 2019-4, Cl A
2.180%, 02/13/2023 (A)		291		292


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
American Credit Acceptance Receivables Trust, Ser 2020-1, Cl A
1.890%, 04/13/2023 (A)	$	313	$	314
AmeriCredit Automobile Receivables Trust, Ser 2020-2, Cl A2A
0.600%, 12/18/2023		350		350
ARI Fleet Lease Trust, Ser 2020-A, Cl A2
1.770%, 08/15/2028 (A)		565		569
BMW Vehicle Owner Trust, Ser 2020-A, Cl A2
0.390%, 02/27/2023		350		350
Canadian Pacer Auto Receivables Trust, Ser 2020-1A, Cl A2A
1.770%, 11/21/2022 (A)		638		643
CarMax Auto Owner Trust, Ser 2019-2, Cl A2A
2.690%, 07/15/2022		168		169
CarMax Auto Owner Trust, Ser 2020-1, Cl A2
1.870%, 04/17/2023		520		525
Carvana Auto Receivables Trust, Ser 2019-4A, Cl A2
2.200%, 07/15/2022 (A)		231		232
Chesapeake Funding II LLC, Ser 2017-2A, Cl A1
1.990%, 05/15/2029 (A)		47		48
Chesapeake Funding II LLC, Ser 2017-3A, Cl A1
1.910%, 08/15/2029 (A)		71		71
Chesapeake Funding II LLC, Ser 2017-3A, CI A2
0.515%, VAR ICE LIBOR USD 1 Month+0.340%, 08/15/2029 (A)		188		188
Chesapeake Funding II LLC, Ser 2017-4A, Cl A1
2.120%, 11/15/2029 (A)		114		115
Chesapeake Funding II LLC, Ser 2017-4A, CIA2
0.485%, VAR ICE LIBOR USD 1 Month+0.310%, 11/15/2029 (A)		452		452
Chesapeake Funding II LLC, Ser 2018-1A, Cl A1
3.040%, 04/15/2030 (A)		146		149
Chesapeake Funding II LLC, Ser 2018-2A, CI A2
0.545%, VAR ICE LIBOR USD 1 Month+0.370%, 08/15/2030 (A)		285		280
Chesapeake Funding II LLC, Ser 2018-3A, Cl A1
3.390%, 01/15/2031 (A)		237		245
Chesapeake Funding II LLC, Ser 2019-2A, Cl A1
1.950%, 09/15/2031 (A)		840		857
CIG Auto Receivables Trust, Ser 2017-1A, Cl A
2.710%, 05/15/2023 (A)		4		4


12		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
CPS Auto Receivables Trust, Ser 2019-A, Cl A
3.180%, 06/15/2022 (A)	$	38	$	38
CPS Auto Receivables Trust, Ser 2019-B, Cl A
2.890%, 05/16/2022 (A)		44		45
CPS Auto Receivables Trust, Ser 2019-C, Cl A
2.550%, 09/15/2022 (A)		154		155
CPS Auto Receivables Trust, Ser 2019-D, Cl A
2.170%,12/15/2022 (A)		211		212
CPS Auto Receivables Trust, Ser 2020-A, Cl A
2.090%, 05/15/2023 (A)		293		296
Credit Acceptance Auto Loan Trust, Ser 2017-3A, CIA
2.650%, 06/15/2026 (A)		44		44
Credit Acceptance Auto Loan Trust, Ser 2019-3A, CIA
2.380%, 11/15/2028 (A)		350		358
Credit Acceptance Auto Loan Trust, Ser 2020-1A, Cl A
2.010%, 02/15/2029 (A)		250		255
Drive Auto Receivables Trust, Ser 2017-3, Cl D
3.530%, 12/15/2023 (A)		579		587
Drive Auto Receivables Trust, Ser 2019-2, CI A3
3.040%, 03/15/2023		122		123
Drive Auto Receivables Trust, Ser 2019-4, CI A3
2.160%, 05/15/2023		375		378
Drive Auto Receivables Trust, Ser 2019-4, Cl B
2.230%, 01/16/2024		595		604
Drive Auto Receivables Trust, Ser 2020-1, CI A3
2.020%, 11/15/2023		350		355
Drive Auto Receivables Trust, Ser 2020-2, CI A2A
0.850%, 07/17/2023		305		305
DT Auto Owner Trust, Ser 2018-3A, Cl B
3.560%, 09/15/2022 (A)		583		586
DT Auto Owner Trust, Ser 2019-1A, Cl A
3.080%, 09/15/2022 (A)		35		36
DT Auto Owner Trust, Ser 2019-3A, Cl A
2.550%, 08/15/2022 (A)		142		142
DT Auto Owner Trust, Ser 2019-4A, Cl A
2.170%, 05/15/2023 (A)		905		912
DT Auto Owner Trust, Ser 2020-1A, Cl A
1.940%, 09/15/2023 (A)		200		201
DT Auto Owner Trust, Ser 2020-2A, Cl A
1.140%, 01/16/2024 (A)		510		512
DT Auto Owner Trust, Ser 2020-2A, Cl B
2.080%, 03/16/2026 (A)		390		393


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Enterprise Fleet Financing LLC, Ser 2018-2, CI A2
3.140%, 02/20/2024 (A)	$	607	$	613
Enterprise Fleet Financing LLC, Ser 2019-1, CI A2
2.980%,10/20/2024 (A)		593		603
Enterprise Fleet Financing LLC, Ser 2019-2, CI A2
2.290%, 02/20/2025 (A)		494		502
Exeter Automobile Receivables Trust, Ser 2019-2A, Cl A
2.930%, 07/15/2022 (A)		36		36
Exeter Automobile Receivables Trust, Ser 2019-3A, Cl A
2.590%, 09/15/2022 (A)		69		69
Exeter Automobile Receivables Trust, Ser 2019-4A, Cl A
2.180%, 01/17/2023 (A)		266		267
Exeter Automobile Receivables Trust, Ser 2019-4A, Cl B
2.300%, 12/15/2023 (A)		775		783
Exeter Automobile Receivables Trust, Ser 2020-1A, Cl A
2.050%, 06/15/2023 (A)		232		234
First Investors Auto Owner Trust, Ser 2019-1A, Cl A
2.890%, 03/15/2024 (A)		129		131
First Investors Auto Owner Trust, Ser 2019-2A, CI A
2.210%, 09/16/2024 (A)		369		374
Flagship Credit Auto Trust, Ser 2018-3, Cl A
3.070%, 02/15/2023 (A)		98		98
Flagship Credit Auto Trust, Ser 2018-4, Cl A
3.410%, 05/15/2023 (A)		181		184
Flagship Credit Auto Trust, Ser 2019-1, Cl A
3.110%, 08/15/2023 (A)		192		195
Flagship Credit Auto Trust, Ser 2019-2, Cl A
2.830%, 10/16/2023 (A)		397		404
Flagship Credit Auto Trust, Ser 2019-3, Cl A
2.330%, 02/15/2024 (A)		415		421
Flagship Credit Auto Trust, Ser 2019-4, Cl A
2.170%, 06/17/2024 (A)		385		390
Flagship Credit Auto Trust, Ser 2020-1, Cl A
1.900%, 08/15/2024 (A)		462		468
Flagship Credit Auto Trust, Ser 2020-3, Cl A
0.700%, 04/15/2025 (A)		180		180
Ford Credit Auto Lease Trust, Ser 2019-A, CI A4
2.980%, 06/15/2022		275		281
Ford Credit Auto Lease Trust, Ser 2020-A, CI A2
1.800%, 07/15/2022		345		348


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		13

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Ultra Short Duration Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Ford Credit Auto Lease Trust, Ser 2020-B, CI A2A
0.500%, 12/15/2022	$	405	$	405
Ford Credit Auto Owner Trust, Ser 2016-1, CI A
2.310%, 08/15/2027 (A)		1,150		1,160
Ford Credit Auto Owner Trust, Ser 2020-B, CI A2
0.500%, 02/15/2023		1,070		1,071
Foursight Capital Automobile Receivables Trust, Ser 2020-1, Cl A2
1.970%, 09/15/2023 (A)		477		481
GLS Auto Receivables Issuer Trust, Ser 2019-1A, Cl A
3.370%, 01/17/2023 (A)		65		66
GLS Auto Receivables Issuer Trust, Ser 2019-2A, CI A
3.060%, 04/17/2023 (A)		200		202
GLS Auto Receivables Issuer Trust, Ser 2019-3A, CI A
2.580%, 07/17/2023 (A)		262		264
GLS Auto Receivables Issuer Trust, Ser 2019-4A, CI A
2.470%, 11/15/2023 (A)		282		285
GLS Auto Receivables Issuer Trust, Ser 2020-1A, Cl A
2.170%, 02/15/2024 (A)		354		358
GLS Auto Receivables Trust, Ser 2018-1A, Cl A
2.820%, 07/15/2022 (A)		73		73
GLS Auto Receivables Trust, Ser 2018-3A, Cl A
3.350%, 08/15/2022 (A)		46		46
GM Financial Automobile Leasing Trust, Ser 2019-3, Cl A3
2.030%, 06/20/2022		475		481
GM Financial Automobile Leasing Trust, Ser 2020-2, Cl A2A
0.710%, 10/20/2022		260		261
GM Financial Consumer Automobile Receivables Trust, Ser 2018-4, Cl A3
3.210%, 10/16/2023		555		569
GM Financial Consumer Automobile Receivables Trust, Ser 2019-4, Cl A2A
1.840%, 11/16/2022		359		361
Harley-Davidson Motorcycle Trust, Ser 2020-A, Cl A2A
1.830%, 01/17/2023		742		747
Hertz Fleet Lease Funding, Ser 2019-1, Cl A1
0.658%, VAR ICE LIBOR USD 1 Month+0.470%, 01/10/2033 (A)		820		820
Hertz Fleet Lease Funding, Ser 2019-1, Cl A2
2.700%, 01/10/2033 (A)		593		597


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Honda Auto Receivables Owner Trust, Ser 2020-2, Cl A2
0.740%, 11/15/2022	$	140	$	140
Hyundai Auto Receivables Trust, Ser 2020-A, CI A2
1.510%, 04/17/2023		585		591
Mercedes-Benz Auto Lease Trust, Ser 2020-A, CI A2
1.820%, 03/15/2022		192		193
Mercedes-Benz Auto Receivables Trust, Ser 2016-1, Cl A4
1.460%, 12/15/2022		279		279
Mercedes-Benz Auto Receivables Trust, Ser 2020-1, Cl A2
0.460%, 03/15/2023		550		551
Mercedes-Benz Master Owner Trust, Ser 2019-AA, Cl A
0.525%, VAR ICE LIBOR USD 1 Month+0.350%, 05/15/2023 (A)		955		955
NextGear Floorplan Master Owner Trust, Ser 2020-1A, Cl A1
0.975%, VAR ICE LIBOR USD 1 Month+0.800%, 02/15/2025 (A)		1,135		1,089
Nissan Auto Lease Trust, Ser 2019-A, Cl A2
2.710%, 07/15/2021		141		141
Nissan Auto Lease Trust, Ser 2019-B, Cl A2A
2.270%, 10/15/2021		408		410
Nissan Auto Lease Trust, Ser 2020-A, Cl A2A
1.800%, 05/16/2022		450		454
Nissan Auto Receivables Owner Trust, Ser 2020-B, Cl A2A
0.470%, 10/17/2022		845		846
Prestige Auto Receivables Trust, Ser 2019-1A, CI A2
2.440%, 07/15/2022 (A)		289		290
Santander Consumer Auto Receivables Trust, Ser 2020-AA, Cl A
1.370%, 10/15/2024 (A)		207		209
Santander Drive Auto Receivables Trust, Ser 2016-3, Cl C
2.460%, 03/15/2022		19		19
Santander Drive Auto Receivables Trust, Ser 2019-1, Cl A3
3.000%, 12/15/2022		57		57
Santander Drive Auto Receivables Trust, Ser 2020-2, Cl A1
0.241%, 07/15/2021		1,875		1,875
Santander Drive Auto Receivables Trust, Ser 2020-2, Cl A2A
0.620%, 05/15/2023		560		560
Santander Retail Auto Lease Trust, Ser 2019-A, CI A2
2.720%, 01/20/2022 (A)		254		256


14		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Santander Retail Auto Lease Trust, Ser 2019-C, Cl A2A
1.890%, 09/20/2022 (A)	$	681	$	688
Securitized Term Auto Receivables Trust, Ser 2019-1A, Cl A3
2.986%, 02/27/2023 (A)		505		514
Tesla Auto Lease Trust, Ser 2020-A, Cl A2
0.550%, 05/22/2023 (A)		625		625
Tesla Auto Lease Trust, Ser 2018-B, Cl A
3.710%, 08/20/2021 (A)		733		742
Tesla Auto Lease Trust, Ser 2019-A, Cl A2
2.130%, 04/20/2022 (A)		1,477		1,494
Tidewater Auto Receivables Trust, Ser 2020-AA, Cl A2
1.390%, 08/15/2024 (A)		985		992
Tidewater Auto Receivables Trust, Ser 2020-AA, Cl B
1.610%, 03/17/2025 (A)		540		542
Toyota Auto Receivables Owner Trust, Ser 2020-B, Cl A2
1.380%, 12/15/2022		320		323
United Auto Credit Securitization Trust, Ser 2019-1, Cl A
2.820%, 07/12/2021 (A)		3		3
United Auto Credit Securitization Trust, Ser 2020-1, Cl A
0.850%, 05/10/2022 (A)		269		269
Volkswagen Auto Loan Enhanced Trust, Ser 2020-1, Cl A2A
0.930%, 12/20/2022		1,000		1,004
Westlake Automobile Receivables Trust, Ser 2017-2A, Cl D
3.280%, 12/15/2022 (A)		775		782
Westlake Automobile Receivables Trust, Ser 2019-1A, Cl A2A
3.060%, 05/16/2022 (A)		150		151
Westlake Automobile Receivables Trust, Ser 2019-2A, Cl A2B
0.645%, VAR ICE LIBOR USD 1 Month+0.470%, 02/15/2023 (A)		114		114
Westlake Automobile Receivables Trust, Ser 2019-3A, Cl A2
2.150%, 02/15/2023 (A)		425		428
Westlake Automobile Receivables Trust, Ser 2019-3A, Cl B
2.410%, 10/15/2024 (A)		1,075		1,094
Westlake Automobile Receivables Trust, Ser 2020-2A, Cl A2A
0.930%, 02/15/2024 (A)		1,115		1,120
World Omni Auto Receivables Trust, Ser 2020-B, Cl A2A
0.550%, 07/17/2023		1,910		1,913



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
World Omni Select Auto Trust, Ser 2018-1A, Cl B
3.680%, 07/15/2023 (A)	$	320	$	326
World Omni Select Auto Trust, Ser 2019-A, CI A2A
2.060%, 08/15/2023		348		351

				49,821


Credit Card — 2.3%
Capital One Multi-Asset Execution Trust, Ser 2017-A4, Cl A4
1.990%, 07/17/2023		1,135		1,137
Capital One Multi-Asset Execution Trust, Ser 2019-A2, Cl A2
1.720%, 08/15/2024		736		757
Chase Issuance Trust, Ser 2018-A1, Cl A1
0.375%, VAR ICE LIBOR USD 1 Month+0.200%, 04/17/2023		900		901
Evergreen Credit Card Trust, Ser 2019-2, Cl A
1.900%, 09/15/2024 (A)		385		395
Master Credit Card Trust II, Ser 2019-2A, Cl A
0.570%, VAR ICE LIBOR USD 1 Month+0.390%, 01/21/2023 (A)		490		489
Synchrony Card Funding LLC, Ser 2019-A1, CI A
2.950%, 03/15/2025		1,170		1,211
Synchrony Credit Card Master Note Trust, Ser 2018-1, Cl A
2.970%, 03/15/2024		765		775
Trillium Credit Card Trust II, Ser 2019-1A, Cl A
0.652%, VAR ICE LIBOR USD 1 Month+0.480%, 01/26/2024 (A)		750		751
Trillium Credit Card Trust II, Ser 2020-1A, Cl A
0.542%, VAR ICE LIBOR USD 1 Month+0.370%, 12/26/2024 (A)		700		701

				7,117


Miscellaneous Business Services — 15.4%

Accredited Mortgage Loan Trust, Ser 2004-4, Cl A1A
0.852%, VAR ICE LIBOR USD 1 Month+0.680%, 01/25/2035		70		69
Affirm Asset Securitization Trust, Ser 2020-Z1, Cl A
3.460%, 10/15/2024 (A)		245		245
Ajax Mortgage Loan Trust, Ser 2017-B, Cl A
3.163%, 09/25/2056 (A)(B)		348		347
Ally Master Owner Trust, Ser 2018-2, Cl A
3.290%, 05/15/2023		1,100		1,122
ALM XVII, Ser 2018-17A, Cl A1AR
1.205%, VAR ICE LIBOR USD 3 Month+0.930%, 01/15/2028 (A)		725		717


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		15

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Ultra Short Duration Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Apidos CLO XII, Ser 2018-12A, Cl AR
1.355%, VAR ICE LIBOR USD 3 Month+1.080%, 04/15/2031 (A)	$	600	$	583
Avant Loans Funding Trust, Ser 2019-A, Cl A
3.480%, 07/15/2022 (A)		62		62
Avant Loans Funding Trust, Ser 2019-B, Cl A
2.720%, 10/15/2026 (A)		268		269
Barings BDC Static CLO, Ser 2019-1A, Cl A1
1.295%, VAR ICE LIBOR USD 3 Month+1.020%, 04/15/2027 (A)		314		311
Barings CLO, Ser 2018-3A, Cl A1
1.222%, VAR ICE LIBOR USD 3 Month+0.950%, 07/20/2029 (A)		372		366
Bayview Opportunity Master Fund IVb Trust, Ser 2017-RT6, Cl A
3.500%, 10/28/2057 (A)(B)		264		269
Carlyle Global Market Strategies, Ser 2018-1A, Cl A1R2
1.243%, VAR ICE LIBOR USD 3 Month+0.970%, 04/17/2031 (A)		648		628
Carlyle Global Market Strategies, Ser 2018-2A, Cl A1R
1.025%, VAR ICE LIBOR USD 3 Month+0.780%, 04/27/2027 (A)		562		553
Cloud Pass-Through Trust, Ser 2019-1A, Cl CLOU
3.554%, 12/05/2022 (A)(B)		472		479
CNH Equipment Trust, Ser 2019-A, Cl A3
3.010%, 04/15/2024		230		237
CNH Equipment Trust, Ser 2019-C, Cl A2
1.990%, 03/15/2023		1,741		1,753
CNH Equipment Trust, Ser 2020-A, Cl A2
1.080%, 07/17/2023		685		688
Cole Park CLO, Ser 2018-1A, Cl AR
1.322%, VAR ICE LIBOR USD 3 Month+1.050%, 10/20/2028 (A)		750		741
Columbia Cent CLO 27, Ser 2018-27A, Cl A1
1.395%, VAR ICE LIBOR USD 3 Month+1.150%, 10/25/2028 (A)		480		475
Consumer Loan Underlying Bond CLUB Credit Trust, Ser 2020-P1, Cl A
2.260%, 03/15/2028 (A)		581		583
Credit-Based Asset Servicing & Securitization LLC, Ser 2005-CB3, Cl M2
1.102%, VAR ICE LIBOR USD 1 Month+0.930%, 06/25/2035		55		55
Daimler Trucks Retail Trust, Ser 2019-1, Cl A2
2.770%, 04/15/2021 (A)		31		31
Dell Equipment Finance Trust, Ser 2019-1, CI A2
2.780%, 08/23/2021 (A)		168		169
DLL LLC, Ser 2019-MB, Cl A2
2.130%, 01/20/2022 (A)		740		744



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Ford Credit Floorplan Master Owner Trust A, Ser 2018-3, Cl A1
3.520%, 10/15/2023	$	390	$	403
Great American Auto Leasing, Ser 2019-1, CI A2
2.970%, 06/15/2021 (A)		212		212
HPEFS Equipment Trust, Ser 2019-1A, Cl A2
2.190%, 09/20/2029 (A)		1,077		1,085
HPEFS Equipment Trust, Ser 2020-1A, Cl A2
1.730%, 02/20/2030 (A)		322		325
HPEFS Equipment Trust, Ser 2020-2A, Cl A2
0.650%, 07/22/2030 (A)		1,550		1,551
John Deere Owner Trust, Ser 2019-B, Cl A2
2.280%, 05/16/2022		388		390
KKR CLO 21, Ser 2018-21, Cl A
1.275%, VAR ICE LIBOR USD 3 Month+1.000%, 04/15/2031 (A)		465		449
Kubota Credit Owner Trust, Ser 2020-1A, Cl A1
1.500%, 05/17/2021 (A)		130		130
Kubota Credit Owner Trust, Ser 2020-2A, CI A2
0.410%, 06/15/2023 (A)		300		301
Madison Park Funding XII, Ser 2017-12A, CI AR
1.532%, VAR ICE LIBOR USD 3 Month+1.260%, 07/20/2026 (A)		60		59
Magnetite VII, Ser 2018-7A, Cl A1R2
1.075%, VAR ICE LIBOR USD 3 Month+0.800%, 01/15/2028 (A)		800		785
Magnetite VIII, Ser 2018-8A, Cl AR2
1.255%, VAR ICE LIBOR USD 3 Month+0.980%, 04/15/2031 (A)		685		672
Marlette Funding Trust, Ser 2018-4A, Cl A
3.710%, 12/15/2028 (A)		85		85
Marlette Funding Trust, Ser 2019-1A, Cl A
3.440%, 04/16/2029 (A)		383		387
Marlette Funding Trust, Ser 2019-2A, Cl A
3.130%, 07/16/2029 (A)		218		220
Marlette Funding Trust, Ser 2019-3A, Cl A
2.690%, 09/17/2029 (A)		296		298
Marlette Funding Trust, Ser 2019-4A, Cl A
2.390%, 12/17/2029 (A)		429		432
Marlette Funding Trust, Ser 2020-1A, Cl A
2.240%, 03/15/2030 (A)		145		145
Mill City Mortgage Loan Trust, Ser 2015-2, CI A2
3.000%, 09/25/2057 (A)(B)		278		281
Mill City Mortgage Loan Trust, Ser 2017-3, Cl A1
2.750%, 01/25/2061 (A)(B)		292		300


16		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Mill City Mortgage Loan Trust, Ser 2018-1, Cl A1
3.250%, 05/25/2062 (A)(B)	$	156	$	162
MMAF Equipment Finance LLC, Ser 2017-AA, CI A3
2.040%, 02/16/2022 (A)		50		50
MMAF Equipment Finance LLC, Ser 2019-B, CI A2
2.070%, 10/12/2022 (A)		262		265
Nationstar HECM Loan Trust, Ser 2018-2A, CI A
3.188%, 07/25/2028 (A)(B)		19		19
Nationstar HECM Loan Trust, Ser 2019-1A, CI A
2.651%, 06/25/2029 (A)(B)		88		88
Nationstar HECM Loan Trust, Ser 2019-2A, CI A
2.272%, 11/25/2029 (A)(B)		203		203
Navient Private Education Refi Loan Trust, Ser 2019-FA, Cl A1
2.180%, 08/15/2068 (A)		826		830
Navient Private Education Refi Loan Trust, Ser 2020-BA, Cl A1
1.800%, 01/15/2069 (A)		1,570		1,577
Navient Private Education Refi Loan Trust, Ser 2020-DA, Cl A
1.690%, 05/15/2069 (A)		1,185		1,194
Navient Student Loan Trust, Ser 2018-1A, CI A2
0.522%, VAR ICE LIBOR USD 1 Month+0.350%, 03/25/2067 (A)		406		403
Navient Student Loan Trust, Ser 2019-2A, Cl A1
0.442%, VAR ICE LIBOR USD 1 Month+0.270%, 02/27/2068 (A)		228		227
Navistar Financial Dealer Note Master Owner Trust II, Ser 2019-1, Cl A
0.812%, VAR ICE LIBOR USD 1 Month+0.640%, 05/25/2024 (A)		1,100		1,096
New Residential Advance Receivables Trust Advance Receivables Backed Notes, Ser 2019-T5, Cl AT5
2.425%, 10/15/2051 (A)		400		398
New Residential Mortgage LLC, Ser 2018-FNT1, Cl A
3.610%, 05/25/2023 (A)		397		397
New Residential Mortgage LLC, Ser 2018-FNT2, Cl A
3.790%, 07/25/2054 (A)		235		230
NextGear Floorplan Master Owner Trust, Ser 2017-2A, Cl A1
0.855%, VAR ICE LIBOR USD 1 Month+0.680%, 10/17/2022 (A)		935		934



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
NextGear Floorplan Master Owner Trust, Ser 2019-1A, Cl A1
0.825%, VAR ICE LIBOR USD 1 Month+0.650%, 02/15/2024 (A)	$	770	$	755
Nissan Master Owner Trust Receivables, Ser 2019-A, Cl A
0.735%, VAR ICE LIBOR USD 1 Month+0.560%, 02/15/2024		580		580
NRZ Excess Spread-Collateralized Notes, Ser 2018-PLS1, Cl A
3.193%, 01/25/2023 (A)		183		184
NRZ Excess Spread-Collateralized Notes, Ser 2018-PLS2, Cl A
3.265%, 02/25/2023 (A)		90		90
NYCTL Trust, Ser 2018-A, Cl A
3.220%, 11/10/2031 (A)		227		229
NYCTL Trust, Ser 2019-A, Cl A
2.190%, 11/10/2032 (A)		331		333
Ocean Trails CLO IV, Ser 2017-4A, Cl AR
1.334%, VAR ICE LIBOR USD 3 Month+0.900%, 08/13/2025 (A)		45		45
OCP CLO, Ser 2017-8A, Cl A1R
1.123%, VAR ICE LIBOR USD 3 Month+0.850%, 04/17/2027 (A)		153		152
OnDeck Asset Securitization Trust II LLC, Ser 2019-1A, Cl A
2.650%, 11/18/2024 (A)		259		259
OneMain Financial Issuance Trust, Ser 2016-1A, Cl B
4.570%, 02/20/2029 (A)		47		47
Onemain Financial Issuance Trust, Ser 2018-1A, Cl A
3.300%, 03/14/2029 (A)		265		269
OneMain Financial Issuance Trust, Ser 2019-1A, Cl A
3.480%, 02/14/2031 (A)		550		564
OZLM VII, Ser 2018-7RA, Cl A1R
1.283%, VAR ICE LIBOR USD 3 Month+1.010%, 07/17/2029 (A)		583		567
OZLM XII, Ser 2018-12A, Cl A1R
1.318%, VAR ICE LIBOR USD 3 Month+1.050%, 04/30/2027 (A)		364		358
PFS Financing, Ser 2020-B, Cl A
1.210%, 06/15/2024 (A)		360		362
PRPM, Ser 2018-1A, Cl A1
3.750%, 04/25/2023 (A)(B)		154		155
Regional Management Issuance Trust, Ser 2018-1, Cl A
3.830%, 07/15/2027 (A)		265		265
Regional Management Issuance Trust, Ser 2019-1, Cl A
3.050%,11/15/2028 (A)		115		114


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		17

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Ultra Short Duration Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
RMF Buyout Issuance Trust, Ser 2019-1, Cl A
2.475%, 07/25/2029 (A)(B)	$	185	$	186
Shackleton, Ser 2018-6RA, Cl A
1.293%, VAR ICE LIBOR USD 3 Month+1.020%, 07/17/2028 (A)		490		484
SLM Student Loan Trust, Ser 2007-6, Cl A4
0.625%, VAR ICE LIBOR USD 3 Month+0.380%, 10/25/2024		329		328
SMB Private Education Loan Trust, Ser 2020-A, Cl A1
0.475%, VAR ICE LIBOR USD 1 Month+0.300%, 03/15/2027 (A)		789		786
SoFi Consumer Loan Program, Ser 2016-2, CI A
3.090%, 10/27/2025 (A)		12		12
SoFi Consumer Loan Program, Ser 2017-1, CI A
3.280%, 01/26/2026 (A)		55		55
SoFi Consumer Loan Program, Ser 2019-1, CI A
3.240%, 02/25/2028 (A)		544		549
SoFi Consumer Loan Program, Ser 2019-2, CI A
3.010%, 04/25/2028 (A)		306		309
SoFi Consumer Loan Program, Ser 2019-3, CI A
2.900%, 05/25/2028 (A)		750		759
SoFi Consumer Loan Program, Ser 2019-4, CI A
2.450%, 08/25/2028 (A)		1,196		1,209
SoFi Consumer Loan Program, Ser 2020-1, CI A
2.020%, 01/25/2029 (A)		792		799
SoFi Professional Loan Program, Ser 2020-A, Cl A1FX
2.060%, 05/15/2046 (A)		1,237		1,248
Symphony CLO XIV, Ser 2019-14A, Cl AR
1.218%, VAR ICE LIBOR USD 3 Month+0.950%, 07/14/2026 (A)		655		648
Towd Point Mortgage Trust, Ser 2015-2, Cl 2A11
3.000%, 11/25/2057 (A)(B)		88		89
Towd Point Mortgage Trust, Ser 2015-4, Cl A1B
2.750%, 04/25/2055 (A)(B)		31		31
Towd Point Mortgage Trust, Ser 2015-5, Cl A1B
2.750%, 05/25/2055 (A)(B)		34		35
Towd Point Mortgage Trust, Ser 2016-1, Cl A1B
2.750%, 02/25/2055 (A)(B)		34		34
Towd Point Mortgage Trust, Ser 2016-3, Cl A1
2.250%, 04/25/2056 (A)(B)		92		93



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Towd Point Mortgage Trust, Ser 2016-4, Cl A1
2.250%, 07/25/2056 (A)(B)	$	158	$	160
Towd Point Mortgage Trust, Ser 2017-1, Cl A1
2.750%, 10/25/2056 (A)(B)		820		843
Towd Point Mortgage Trust, Ser 2017-2, Cl A1
2.750%, 04/25/2057 (A)(B)		689		703
Towd Point Mortgage Trust, Ser 2017-4, Cl A1
2.750%, 06/25/2057 (A)(B)		179		186
Towd Point Mortgage Trust, Ser 2017-5, Cl A1
0.772%, VAR ICE LIBOR USD 1 Month+0.600%, 02/25/2057 (A)		460		455
Towd Point Mortgage Trust, Ser 2017-6, Cl A1
2.750%, 10/25/2057 (A)(B)		169		176
Towd Point Mortgage Trust, Ser 2018-1, Cl A1
3.000%, 01/25/2058 (A)(B)		115		118
Transportation Finance Equipment Trust, Ser 2019-1, Cl A2
1.900%, 01/24/2022 (A)		2,003		2,013
Treman Park CLO, Ser 2018-1A, Cl ARR
1.342%, VAR ICE LIBOR USD 3 Month+1.070%, 10/20/2028 (A)		550		544
Tryon Park CLO, Ser 2018-1A, Cl A1SR
1.165%, VAR ICE LIBOR USD 3 Month+0.890%, 04/15/2029 (A)		660		649
Verizon Owner Trust, Ser 2017-2A, Cl B
2.220%, 12/20/2021 (A)		190		190
Verizon Owner Trust, Ser 2020-A, Cl A1A
1.850%, 07/22/2024		550		565
Voya CLO, Ser 2017-3A, Cl A1R
0.965%, VAR ICE LIBOR USD 3 Month+0.720%, 07/25/2026 (A)		168		167
Z Capital Credit Partners CLO, Ser 2018-1A, Cl A1R
1.221%, VAR ICE LIBOR USD 3 Month+0.950%, 07/16/2027 (A)		466		459

				48,289


Total Asset-Backed Securities (Cost $104,859) ($ Thousands)				105,227


MORTGAGE-BACKED SECURITIES — 15.4%

Agency Mortgage-Backed Obligations — 5.5%
FHLMC
4.030%, VAR US Treas Yield Curve Rate T Note Const Mat 1Yr+1.910%, 02/01/2022		2		2
3.123%, VAR US Treas Yield Curve Rate T Note Const Mat 1Yr+2.021%, 02/01/2030		11		11
FHLMC Multifamily Structured Pass-Through Certificates, Ser K721, Cl A2
3.090%, 08/25/2022 (B)		880		915


18		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC Multifamily Structured Pass-Through Certificates, Ser K016, Cl A2
2.968%, 10/25/2021	$	414	$	422
FHLMC Multifamily Structured Pass-Through Certificates, Ser K020, Cl A1
1.573%, 01/25/2022		70		70
FHLMC Multifamily Structured Pass-Through Certificates, Ser K037, Cl A1
2.592%, 04/25/2023		999		1,028
FHLMC REMIC, Ser 2010-3745, Cl GP
4.000%, 06/15/2039		285		289
FHLMC REMIC, Ser 2011-3896, Cl PA
4.000%, 03/15/2040		97		99
FHLMC REMIC, Ser 2011-3903, Cl QC
2.250%, 03/15/2041		120		122
FHLMC REMIC, Ser 2013-4159, Cl LA
3.500%, 02/15/2040		314		322
FHLMC REMIC, Ser 2013-4206, Cl CA
3.000%, 05/15/2037		386		390
FHLMC REMIC, Ser 2014-4297, Cl CA
3.000%, 12/15/2030		548		563
FHLMC REMIC, Ser 2014-4323, Cl GA
3.000%, 06/15/2040		234		237
FHLMC REMIC, Ser 2014-4323, Cl CA
4.000%, 03/15/2040		93		95
FHLMC REMIC, Ser 2014-4379, Cl CB
2.250%, 04/15/2033		702		724
FHLMC REMIC, Ser 2014-4385, Cl Q
3.000%, 07/15/2039		810		826
FHLMC REMIC, Ser 2014-4387, Cl DA
3.000%, 01/15/2032		490		508
FHLMC REMIC, Ser 2014-4390, Cl NC
3.000%, 05/15/2039		373		380
FNMA
6.000%, 01/01/2027		9		9
5.500%, 12/01/2023 to 12/01/2024		202		209
5.000%, 03/01/2025 (D)		80		84
5.000%, 02/01/2023 to 03/01/2025		29		31
3.812%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.120%, 11/01/2025		1		1
3.755%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.326%, 11/01/2023		–		–
3.715%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.215%, 01/01/2029		4		4
3.585%, VAR ICE LIBOR USD 6 Month+1.772%, 09/01/2024		5		5
3.500%, 09/01/2032		597		628
3.402%, VAR ICE LIBOR USD 6 Month+1.834%, 09/01/2024		11		11



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
3.381%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.088%, 05/01/2028	$	1	$	1
3.000%, 12/01/2030		896		942
FNMA REMIC, Ser 1993-58, Cl H
5.500%, 04/25/2023		5		5
FNMA REMIC, Ser 2001-33, Cl FA
0.622%, VAR ICE LIBOR USD 1 Month+0.450%, 07/25/2031		4		4
FNMA REMIC, Ser 2002-64, Cl FG
0.437%, VAR ICE LIBOR USD 1 Month+0.250%, 10/18/2032		1		1
FNMA REMIC, Ser 2011-18, Cl LA
4.000%, 08/25/2039		114		116
FNMA REMIC, Ser 2011-24, Cl PC
4.000%, 10/25/2039		130		131
FNMA REMIC, Ser 2011-87, Cl JA
3.000%, 06/25/2040		495		505
FNMA REMIC, Ser 2012-137, Cl UE
1.750%, 09/25/2041		337		342
FNMA REMIC, Ser 2012-6, Cl E
3.000%, 05/25/2037		647		655
FNMA REMIC, Ser 2012-63, Cl FE
0.572%, VAR ICE LIBOR USD 1 Month+0.400%, 06/25/2038		16		16
FNMA REMIC, Ser 2013-100, Cl CA
4.000%, 03/25/2039		96		98
FNMA REMIC, Ser 2013-97, Cl KA
3.000%, 11/25/2031		83		87
FNMA REMIC, Ser 2014-39, Cl AB
3.000%, 09/25/2039		27		27
FNMA REMIC, Ser 2015-46, Cl BA
3.000%, 05/25/2041		457		471
FNMA, Ser 2012-M4, CI1A2
2.976%, 04/25/2022 (B)		161		165
FNMA, Ser 2012-M9, Cl A2
2.482%, 04/25/2022		183		186
FNMA, Ser 2017-M13, Cl FA
0.572%, VAR ICE LIBOR USD 1 Month+0.400%, 10/25/2024		149		149
FREMF Mortgage Trust, Ser 2011-K12, Cl B
4.339%, 01/25/2046 (A)(B)		920		927
GNMA, Ser 2010-151, Cl KA
3.000%, 09/16/2039		84		86
GNMA, Ser 2010-81, Cl PM
3.750%, 04/20/2039		84		84
GNMA, Ser 2012-7, Cl MD
3.500%, 11/20/2038		290		291
GNMA, Ser 2013-124, Cl CP
2.500%, 06/20/2041		151		153
GNMA, Ser 2013-190, Cl GA
2.500%, 11/20/2038		1,069		1,099


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		19

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Ultra Short Duration Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2015-119, Cl TG
1.800%, 05/20/2041	$	1,239	$	1,255
GNMA, Ser 2015-56, Cl LB
1.500%, 04/16/2040		814		824
NCUA Guaranteed Notes, Ser 2010-R1, CI 1A
0.616%, VAR ICE LIBOR USD 1 Month+0.450%, 10/07/2020		642		641


				17,246


Non-Agency Mortgage-Backed Obligations — 9.9%
Angel Oak Mortgage Trust I LLC, Ser 2019-2, Cl A1
3.628%, 03/25/2049 (A)(B)		557		570
Angel Oak Mortgage Trust I LLC, Ser 2019-4, Cl A1
2.993%, 07/26/2049 (A)(B)		401		405
Angel Oak Mortgage Trust LLC, Ser 2017-1, Cl A1
2.810%, 01/25/2047 (A)(B)				8
Angel Oak Mortgage Trust LLC, Ser 2017-2, Cl A1
2.478%, 07/25/2047 (A)(B)		65		65
Angel Oak Mortgage Trust LLC, Ser 2017-3, Cl A1
2.708%, 11/25/2047 (A)(B)		32		32
Angel Oak Mortgage Trust LLC, Ser 2018-3, Cl A1
3.649%, 09/25/2048 (A)(B)		154		157
Angel Oak Mortgage Trust LLC, Ser 2019-1, Cl A1
3.920%, 11/25/2048 (A)(B)		387		395
Angel Oak Mortgage Trust LLC, Ser 2020-1, Cl A1
2.466%, 12/25/2059 (A)(B)		152		153
Angel Oak Mortgage Trust LLC, Ser 2020-3, Cl A1
1.691%, 04/25/2065 (A)(B)		760		761
Angel Oak Mortgage Trust LLC, Ser 2020-4, Cl A1
1.469%, 06/25/2065 (A)(B)		485		485
Arroyo Mortgage Trust, Ser 2019-3, Cl A1
2.962%, 10/25/2048 (A)(B)		352		360
BAMLL Commercial Mortgage Securities Trust, Ser 2018-DSNY, Cl A
1.025%, VAR ICE LIBOR USD 1 Month+0.850%, 09/15/2034 (A)		750		722
Bane of America Mortgage Securities, Ser 2005-F, CI 2A2
3.147%, 07/25/2035 (B)		58		55
Bane of America Mortgage Securities, Ser 2005-J, CI 2A1
3.885%, 11/25/2035 (B)		7		7



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
BBCMS Mortgage Trust, Ser 2017-DELC, Cl A
1.025%, VAR ICE LIBOR USD 1 Month+0.850%, 08/15/2036 (A)	$	800	$	773
Bear Stearns ARM Trust, Ser 2005-3, CI 2A1
3.782%, 06/25/2035 (B)		30		29
Bear Stearns ARM Trust, Ser 2005-6, CI 3A1
3.429%, 08/25/2035 (B)		63		61
Bunker Hill Loan Depositary Trust, Ser 2019-1, Cl A1
3.613%, 10/26/2048 (A)		137		140
Bunker Hill Loan Depositary Trust, Ser 2019-1, Cl A2
3.817%, 10/26/2048 (A)		613		629
Bunker Hill Loan Depositary Trust, Ser 2020-1, Cl A1
1.724%, 02/25/2055 (A)(B)		305		306
BWAY Mortgage Trust, Ser 2015-1515, Cl A1
2.809%, 03/10/2033 (A)		279		289
BX Commercial Mortgage Trust, Ser 2018-IND, CI A
0.925%, VAR ICE LIBOR USD 1 Month+0.750%, 11/15/2035 (A)		146		145
BX Commercial Mortgage Trust, Ser 2019-XL, Cl B
1.255%, VAR ICE LIBOR USD 1 Month+1.080%, 10/15/2036 (A)		418		415
BX Commercial Mortgage Trust, Ser 2019-XL, CI A
1.095%, VAR ICE LIBOR USD 1 Month+0.920%, 10/15/2036 (A)		665		663
CGDBB Commercial Mortgage Trust, Ser 2017-BIOC, Cl A
0.965%, VAR ICE LIBOR USD 1 Month+0.790%, 07/15/2032 (A)		411		410
CHC Commercial Mortgage Trust, Ser 2019-CHC, Cl A
1.295%, VAR ICE LIBOR USD 1 Month+1.120%, 06/15/2034 (A)		841		797
CIM Trust, Ser 2017-7, Cl A
3.000%, 04/25/2057 (A)(B)		357		365
Citigroup Commercial Mortgage Trust, Ser 2019-SST2, Cl A
1.095%, VAR ICE LIBOR USD 1 Month+0.920%, 12/15/2036 (A)		775		759
Citigroup Mortgage Loan Trust, Ser 2004-HYB3, CI 1A
3.209%, 09/25/2034 (B)		11		10
Citigroup Mortgage Loan Trust, Ser 2006-AR2, CI 1A1
3.868%, 03/25/2036 (B)		54		47
Citigroup Mortgage Loan Trust, Ser 2018-RP2, Cl A1
3.500%, 02/25/2058 (A)(B)		261		275


20		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Citigroup Mortgage Loan Trust, Ser 2019- IMC1, Cl A1
2.720%, 07/25/2049 (A)(B)	$	147	$	149
COLT Mortgage Loan Trust, Ser 2018-2, Cl A1
3.470%, 07/27/2048 (A)(B)		127		128
COLT Mortgage Loan Trust, Ser 2018-3, Cl A1
3.692%, 10/26/2048 (A)(B)		350		356
COLT Mortgage Loan Trust, Ser 2018-4, Cl A1
4.006%, 12/28/2048 (A)(B)		262		266
COLT Mortgage Loan Trust, Ser 2019-1, Cl A1
3.705%, 03/25/2049 (A)(B)		108		110
COLT Mortgage Loan Trust, Ser 2019-3, Cl A1
2.764%, 08/25/2049 (A)(B)		107		108
COLT Mortgage Loan Trust, Ser 2020-1, Cl A1
2.488%, 02/25/2050 (A)(B)		433		437
COMM Mortgage Trust, Ser 2014-LC17, Cl A2
3.164%, 10/10/2047
COMM Mortgage Trust, Ser 2014-UBS5, Cl A2
3.031%, 09/10/2047		20		20
COMM Mortgage Trust, Ser 2015-CR23, Cl A2
2.852%, 05/10/2048		300		300
COMM Mortgage Trust, Ser 2015-CR27, Cl A2
2.223%, 10/10/2048		83		84
Commercial Mortgage Pass-Through Certificates, Ser 2015-CR22, Cl A2
2.856%, 03/10/2048		200		200
Countrywide Home Loans, Ser 2004-29, CI 1A1
0.712%, VAR ICE LIBOR USD 1 Month+0.540%, 02/25/2035		11		11
Credit Suisse Mortgage Capital Certificates, Ser 2019-ICE4, Cl B
1.405%, VAR ICE LIBOR USD 1 Month+1.230%, 05/15/2036 (A)		925		919
Credit Suisse Mortgage Capital Certificates, Ser 2019-ICE4, Cl A
1.155%, VAR ICE LIBOR USD 1 Month+0.980%, 05/15/2036 (A)		475		474
Deephaven Residential Mortgage Trust, Ser 2017-1A, Cl A1
2.725%, 12/26/2046 (A)(B)		16		16
Deephaven Residential Mortgage Trust, Ser 2017-2A, Cl A1
2.453%, 06/25/2047 (A)(B)		50		51
Deephaven Residential Mortgage Trust, Ser 2017-3A, Cl A1
2.577%, 10/25/2047 (A)(B)		46		47
Deephaven Residential Mortgage Trust, Ser 2018-1A, Cl A1
2.976%, 12/25/2057 (A)(B)		68		69
Deephaven Residential Mortgage Trust, Ser 2018-2A, Cl A1
3.479%, 04/25/2058 (A)(B)		203		206



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Deephaven Residential Mortgage Trust, Ser 2018-3A, Cl A1
3.789%, 08/25/2058 (A)(B)	$	251	$	255
Deephaven Residential Mortgage Trust, Ser 2019-3A, Cl A1
2.964%, 07/25/2059 (A)(B)		347		352
Deephaven Residential Mortgage Trust, Ser 2019-4A, Cl A1
2.791%, 10/25/2059 (A)(B)		546		553
Deephaven Residential Mortgage Trust, Ser 2020-2, Cl A1
1.692%, 05/25/2065 (A)		525		525
Ellington Financial Mortgage Trust, Ser 2019-2, Cl A1
2.739%, 11/25/2059 (A)(B)		97		97
FDIC Guaranteed Notes Trust, Ser 2010-S4, CI A
0.898%, VAR ICE LIBOR USD 1 Month+0.720%, 12/04/2020 (A)		507		507
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA3, Cl M2
3.022%, VAR ICE LIBOR USD 1 Month+2.850%, 04/25/2028		25		25
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-HQ1, Cl M3
3.972%, VAR ICE LIBOR USD 1 Month+3.800%, 03/25/2025		197		198
Flagstar Mortgage Trust, Ser 2018-5, Cl A7
4.000%, 09/25/2048 (A)(B)		65		66
FNMA Connecticut Avenue Securities, Ser 2016-C03, CI 2M2
6.072%, VAR ICE LIBOR USD 1 Month+5.900%, 10/25/2028		607		619
FNMA Connecticut Avenue Securities, Ser 2018-C03, CI 1EA2
1.022%, VAR ICE LIBOR USD 1 Month+0.850%, 10/25/2030		415		409
GCAT Trust, Ser 2020-NQM2, Cl A1
1.555%, 04/25/2065 (A)(B)		270		270
GMAC Mortgage Loan Trust, Ser 2005-AR6, CI 2A1
3.882%, 11/19/2035 (B)		95		87
GS Mortgage Securities Trust, Ser 2012-ALOH, Cl A
3.551%, 04/10/2034 (A)		1,500		1,514
GS Mortgage Securities Trust, Ser 2016-GS4, CI A2
2.905%, 11/10/2049		500		503
GS Mortgage Securities Trust, Ser 2017- 500K, Cl A
0.875%, VAR ICE LIBOR USD 1 Month+0.700%, 07/15/2032 (A)		415		413


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		21

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Ultra Short Duration Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GSR Mortgage Loan Trust, Ser 2005-AR4, CI 2A1
3.685%, 07/25/2035 (B)	$	91	$	68
GSR Mortgage Loan Trust, Ser 2007-AR2, CI 1A1
3.696%, 05/25/2037 (B)		92		71
lmpac CMB Trust, Ser 2004-9, CI 1A1
0.932%, VAR ICE LIBOR USD 1 Month+0.760%, 01/25/2035		25		25
lmpac CMB Trust, Ser 2005-2, CI 1A1
0.692%, VAR ICE LIBOR USD 1 Month+0.520%, 04/25/2035		31		29
lmpac CMB Trust, Ser 2005-3, Cl A1
0.652%, VAR ICE LIBOR USD 1 Month+0.480%, 08/25/2035		29		28
lmpac CMB Trust, Ser 2005-5, Cl A1
0.812%, VAR ICE LIBOR USD 1 Month+0.640%, 08/25/2035		24		23
lmpac CMB Trust, Ser 2005-8, CI 1A
0.692%, VAR ICE LIBOR USD 1 Month+0.520%, 02/25/2036		79		75
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C29, Cl A2
2.921%, 05/15/2048		123		123
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-UES, Cl A
2.933%, 09/05/2032 (A)		150		150
JPMorgan Mortgage Trust, Ser 2005-A6, CI 7A1
4.082%, 08/25/2035 (B)		31		27
JPMorgan Mortgage Trust, Ser 2007-A3, CI 1A1
3.745%, 05/25/2037 (B)		55		49
JPMorgan Mortgage Trust, Ser 2018-7FRB, CI A2
0.922%, VAR ICE LIBOR USD 1 Month+0.750%, 04/25/2046 (A)		247		244
KNDL Mortgage Trust, Ser 2019-KNSQ, Cl A
0.975%, VAR ICE LIBOR USD 1 Month+0.800%, 05/15/2036 (A)		190		188
LSTAR Securities Investment, Ser 2019-4, Cl A1
1.656%, VAR ICE LIBOR USD 1 Month+1.500%, 05/01/2024 (A)		433		428
Merrill Lynch Mortgage Backed Securities Trust, Ser 2007-3, CI 2A1
3.629%, 06/25/2037 (B)		79		62
Merrill Lynch Mortgage Investors Trust, Ser 2005-A3, Cl A1
0.442%, VAR ICE LIBOR USD 1 Month+0.270%, 04/25/2035		3		3
Metlife Securitization Trust, Ser 2017-1A, Cl A
3.000%, 04/25/2055 (A)(B)		140		146



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
MFRA Trust, Ser 2017-RPL1, Cl A1
2.588%, 02/25/2057 (A)(B)	$	76	$	76
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C14, Cl A3
3.669%, 02/15/2047		315		317
Morgan Stanley Capital I Trust, Ser 2012-STAR, Cl A1
2.084%, 08/05/2034 (A)		60		60
Morgan Stanley Capital I Trust, Ser 2014-MP, CI A
3.469%, 08/11/2033 (A)		590		602
MortgageIT Trust, Ser 2005-5, Cl A1
0.692%, VAR ICE LIBOR USD 1 Month+0.520%, 12/25/2035		81		77
Mortgage-Linked Amortizing Notes, Ser 2012-1, Cl A10
2.060%, 01/15/2022		158		162
MTRO Commercial Mortgage Trust, Ser 2019-TECH, Cl A
1.075%, VAR ICE LIBOR USD 1 Month+0.900%, 12/15/2033 (A)		520		515
New Residential Mortgage Loan Trust, Ser 2017-3A, Cl A1
4.000%, 04/25/2057 (A)(B)		195		209
New Residential Mortgage Loan Trust, Ser 2017-6A, Cl A1
4.000%, 08/27/2057 (A)(B)		440		472
New Residential Mortgage Loan Trust, Ser 2018-1A, Cl A1
4.000%, 09/25/2057 (A)(B)		230		244
New Residential Mortgage Loan Trust, Ser 2020-NQM2, Cl A1
1.650%, 05/24/2060 (A)(B)		313		314
OBX Trust, Ser 2018-1, Cl A2
0.822%, VAR ICE LIBOR USD 1 Month+0.650%, 06/25/2057 (A)		37		37
OBX Trust, Ser 2018-EXP2, CI 2A1A
0.922%, VAR ICE LIBOR USD 1 Month+0.750%, 07/25/2058 (A)		346		344
OBX Trust, Ser 2019-INV1, Cl A8
4.000%, 11/25/2048 (A)(B)		154		154
Paragon Mortgages No. 12 PLC, Ser 2006-12A, Cl A2C
0.612%, VAR ICE LIBOR USD 3 Month+0.220%, 11/15/2038 (A)		77		73
Paragon Mortgages No. 15 PLC, Ser 2007-15A, Cl A2C
0.533%, VAR ICE LIBOR USD 3 Month+0.220%, 12/15/2039 (A)		172		164
Residential Mortgage Loan Trust, Ser 2020-1, Cl A1
2.376%, 02/25/2024 (A)(B)		196		198


22		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
RFMSI Trust, Ser 2007-SA3, Cl 2A1
4.869%, 07/27/2037 (B)	$	75	$	64
RMF Buyout Issuance Trust, Ser 2020-1, Cl A
2.158%, 02/25/2030 (A)(B)		287		288
Sequoia Mortgage Trust, Ser 2004-12, Cl A1
0.727%, VAR ICE LIBOR USD 1 Month+0.540%, 01/20/2035		9		8
Sequoia Mortgage Trust, Ser 2017-CH2, Cl A10
4.000%, 12/25/2047 (A)(B)		365		368
Sequoia Mortgage Trust, Ser 2018-CH3, Cl A1
4.500%, 08/25/2048 (A)(B)		186		195
Sequoia Mortgage Trust, Ser 2018-CH3, Cl A11 4.000%, 08/25/2048 (A)(B)		30		30
SG Residential Mortgage Trust, Ser 2018-1, Cl A1
3.425%, 04/27/2048 (A)(B)		91		91
Spruce Hill Mortgage Loan Trust, Ser 2019-SH1, Cl A1
3.395%, 04/29/2049 (A)(B)		195		197
Starwood Mortgage Residential Trust, Ser 2020-1, Cl A1
2.275%, 02/25/2050 (A)(B)		394		397
Verus Securitization Trust, Ser 2018-2, Cl A1
3.677%, 06/01/2058 (A)(B)		238		241
Verus Securitization Trust, Ser 2019-2, Cl A1
3.211%, 05/25/2059 (A)(B)		251		256
Verus Securitization Trust, Ser 2020-1, Cl A1
2.417%, 01/25/2060 (A)		231		234
Verus Securitization Trust, Ser 2020-4, Cl A1
1.502%, 06/25/2065 (A)		305		305
WaMu Mortgage Pass-Through Certificates, Ser 2006-AR2, Cl 1A1
3.692%, 03/25/2036 (B)		104		96
Wells Fargo Commercial Mortgage Trust, Ser 2012-LC5, Cl AS
3.539%, 10/15/2045		450		467
Wells Fargo Commercial Mortgage Trust, Ser 2015-NXS2, Cl A2
3.020%, 07/15/2058		511		518
Wells Fargo Commercial Mortgage Trust, Ser 2017-RC1, Cl A2
3.118%, 01/15/2060		568		581
Wells Fargo Mortgage-Backed Securities Trust, Ser 2019-2, Cl A3
4.000%, 04/25/2049 (A)(B)		58		59
WFRBS Commercial Mortgage Trust, Ser 2013-UBS1, Cl A2
2.927%, 03/15/2046		6		6


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
WinWater Mortgage Loan Trust, Ser 2015-5, Cl A5
3.500%, 08/20/2045 (A)(B)	$	545	$	549


				31,340


Total Mortgage-Backed Securities (Cost $48,579) ($ Thousands)				48,586


U.S. TREASURY OBLIGATIONS — 3.8%
U.S. Treasury Bills
0.159%, 05/20/2021 (E)		2,250		2,248
U.S. Treasury Notes
1.750%, 09/30/2022		4,650		4,814
1.375%, 08/31/2020 (D)		300		300
1.250%, 10/31/2021		3,000		3,042
0.244%, VAR US Treasury 3 Month Bill Money Market Yield+0.139%, 04/30/2021		1,000		1,001
0.220%, VAR US Treasury 3 Month Bill Money Market Yield+0.115%, 01/31/2021		695		695


Total U.S. Treasury Obligations (Cost $11,968) ($ Thousands)				12,100


U.S. GOVERNMENT AGENCY OBLIGATIONS — 3.2%
FFCB
1.900%, 06/24/2021		1,460		1,483
0.530%, 01/18/2022		2,250		2,261
FHLMC
0.450%, 07/28/2023		1,600		1,600
0.450%, 08/04/2023		1,575		1,575
0.375%, 06/08/2022		1,600		1,601
0.320%, 10/20/2022		1,600		1,601


Total U.S. Government Agency Obligations (Cost $10,104) ($ Thousands)				10,121


MUNICIPAL BONDS — 3.2%
California — 0.8%
Bay Area, Toll Authority, RB
2.075%, 04/01/2021		1,615		1,630
California State, GO Callable 10/01/2021 @ 100
0.942%, 04/01/2047 (C)		775		774
University of California, Ser BF, RB
0.455%, 05/15/2022		130		130


				2,534


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		23

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Ultra Short Duration Bond Fund (Concluded)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Florida — 0.1%
Florida State, Development Finance Authority, RB
1.645%, 04/01/2021	$	220	$	220


New Jersey — 0.3%
Jersey City, Ser A, GO
1.908%, 09/01/2020		985		985


New York — 0.9%
New York City, Transitional Finance Authority Future Tax Secured Revenue, Sub-Ser, RB
4.325%, 11/01/2021		1,250		1,306
Port Authority of New York & New Jersey, Ser 208, RB
2.667%, 09/15/2021		1,510		1,547


				2,853


Texas — 1.1%
Central Texas, Turnpike System, Ser B, RB
1.980%, 08/15/2042 (C)		245		247
Dallas, Ser A, RB
1.837%, 11/01/2020		1,610		1,614
Grand Parkway Transportation, Sub-Ser, RB
1.531%, 10/01/2020		1,625		1,627


				3,488


Total Municipal Bonds (Cost $10,012) ($ Thousands)				10,080


COMMERCIAL PAPER — 2.7%
Airbus
1.654%, 11/23/2020 (E)		2,150		2,149
Arabella Fin LTD
0.460%, 08/03/2020 (E)		1,100		1,100
BASF SE
0.280%, 08/07/2020 (E)		1,300		1,300
Schlumberger
0.280%, 08/17/2020 (E)		1,500		1,500
Total Capital Canada LTD
0.552%, 11/23/2020 (E)		2,350		2,348


Total Commercial Paper (Cost $8,384) ($ Thousands)				8,397


SOVEREIGN DEBT— 0.8%



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Province of Quebec Canada
2.375%, 01/31/2022	$	2,300	$	2,369


Total Sovereign Debt (Cost $2,320) ($ Thousands)				2,369


REPURCHASE AGREEMENT — 1.1%
BNP Paribas
0.090%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $3,600,027 (collateralized by various GNMA, FNMA, FMAC obligations, ranging in par value $324,032- $1,526,514, 2.500% - 4.500%, 11/01/2027 - 04/20/2050; with total market value $3,672,000) (F)		3,600		3,600


Total Repurchase Agreement (Cost $3,600) ($ Thousands)				3,600


Total Investments in Securities — 99.8% (Cost $312,391) ($ Thousands)			$	313,861


24		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

A list of the open futures contracts held by the Fund at July 31, 2020, is as follows:


												Unrealized
	Number of											Appreciation
Type of	Contracts			Expiration		Notional Amount			Value			(Depreciation)
Contract	Long/(Short)			Date		(Thousands)			(Thousands)			(Thousands)

U.S. 10-Year Treasury Notes		(15	)		Sep-2020	$	(2,080	)	$	(2,101	)	$	(21	)

U.S. 2-Year Treasury Notes		77			Oct-2020		17,000			17,016			16

U.S. 5-Year Treasury Notes		(1	)		Oct-2020		(125	)		(126	)		(1	)

U.S. Long Treasury Bond		(1	)		Sep-2020		(177	)		(183	)		(6	)



						$	14,618		$	14,606		$	(12	)

For the period ended July 31, 2020, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

Percentages are based on Net Assets of $314,463 ($ Thousands).

(A)

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 July 31, 2020, the value of these securities amounted to $130,900 ($ Thousands), representing 41.6% of the Net Assets of the Fund.

(B)	Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

(C)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

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

(E)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(F)	Tri-Party Repurchase Agreement.

ARM – Adjustable Rate Mortgage

CI – Class

CLO – Collateralized Loan Obligation

FFCB – Federal Farm Credit Bank

FHLMC – Federal Home Loan Mortgage Corporation

FMAC – Freddie Mac

FNMA – Federal National Mortgage Association

GNMA – Government National Mortgage Association

GO – General Obligation

ICE – Intercontinental Exchange

LIBOR – London Interbank Offered Rate

LLC – Limited Liability Company

MTN – Medium Term Note

PLC – Public Limited Company

RB – Revenue Bond

REMIC – Real Estate Mortgage Investment Conduit

Ser – Series

USD – U.S. Dollar

VAR – Variable Rate

The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Level 1

Level 2

Level 3

Total

Investments in Securities

($)

Corporate Obligations

–

113,381

–

113,381

Asset-Backed Securities

–

105,227

–

105,227

Mortgage-Backed Securities

–

48,586

–

48,586

U.S. Treasury Obligations

–

12,100

–

12,100

U.S. Government Agency Obligations

–

10,121

–

10,121

Municipal Bonds

–

10,080

–

10,080

Commercial Paper

–

8,397

–

8,397

Sovereign Debt

–

2,369

–

2,369

Repurchase Agreement

–

3,600

–

3,600

Total Investments in Securities

–

313,861

–

313,861

Level 1

Level 2

Level 3

Total

Other Financial Instruments

($)

Futures Contracts*

Unrealized Appreciation

–

Unrealized Depreciation

(28

)

–

(28

)

Total Other Financial Instruments

(12

)

–

(12

)

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

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

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

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

The accompanying notes are an integral part of the financial statements


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		25

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Short-Duration Government Fund

LOGO



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES — 73.1%

Agency Mortgage-Backed Obligations — 73.1%
FHLMC
4.536%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.254%, 07/01/2024	$	5	$	5
4.500%, 02/01/2022 to 12/01/2039		3,662		3,978
4.031%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.174%, 12/01/2023		189		190
3.999%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.144%, 12/01/2023		15		15
3.885%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.362%, 06/01/2024		4		4
3.831%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.200%, 05/01/2024		4		4
3.804%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.252%, 04/01/2029 3.500%, 01/01/2029 to 05/01/2034		18,948		20,162
3.025%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.210%, 06/01/2024		2		2
3.000%, 11/01/2036 to 12/01/2046		16,316		17,312
FHLMC Multifamily Structured Pass-Through Certificates, Ser K052, Cl A1
2.598%, 01/25/2025		8,575		8,968
FHLMC Multifamily Structured Pass-Through Certificates, Ser K066, Cl X1, IO
0.889%, 06/25/2027 (A)		18,170		819
FHLMC Multifamily Structured Pass-Through Certificates, Ser K737, Cl X1, IO
0.752%, 10/25/2026 (A)		23,725		817
FHLMC Multifamily Structured Pass-Through Certificates, Ser KF35, Cl A
0.512%, VAR ICE LIBOR USD 1 Month+0.350%, 08/25/2024		3,639		3,643
FHLMC Multifamily Structured Pass-Through Certificates, Ser KF60, Cl A
0.652%, VAR ICE LIBOR USD 1 Month+0.490%, 02/25/2026		8,618		8,636



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC Multifamily Structured Pass-Through Certificates, Ser KF62, Cl A
0.642%, VAR ICE LIBOR USD 1 Month+0.480%, 04/25/2026	$	15,748	$	15,773
FHLMC Multifamily Structured Pass-Through Certificates, Ser KF72, Cl A
0.662%, VAR ICE LIBOR USD 1 Month+0.500%, 11/25/2026		7,170		7,201
FHLMC REMIC, Ser 2002-42, Cl A5
7.500%, 02/25/2042		261		322
FHLMC REMIC, Ser 2003-2571, Cl FY
0.925%, VAR ICE LIBOR USD 1 Month+0.750%, 12/15/2032		3,381		3,424
FHLMC REMIC, Ser 2006-3148, Cl CF
0.575%, VAR ICE LIBOR USD 1 Month+0.400%, 02/15/2034		149		150
FHLMC REMIC, Ser 2006-3153, Cl FX
0.525%, VAR ICE LIBOR USD 1 Month+0.350%, 05/15/2036		104		104
FHLMC REMIC, Ser 2006-3174, Cl FA
0.475%, VAR ICE LIBOR USD 1 Month+0.300%, 04/15/2036		2,233		2,223
FHLMC REMIC, Ser 2006-3219, Cl EF
0.575%, VAR ICE LIBOR USD 1 Month+0.400%, 04/15/2032		2,854		2,862
FHLMC REMIC, Ser 2007-3339, Cl HF
0.695%, VAR ICE LIBOR USD 1 Month+0.520%, 07/15/2037		2,784		2,804
FHLMC REMIC, Ser 2010-3628, Cl PJ
4.500%, 01/15/2040		1,254		1,395
FHLMC REMIC, Ser 2011-3788, Cl FA
0.705%, VAR ICE LIBOR USD 1 Month+0.530%, 01/15/2041		4,399		4,362
FHLMC REMIC, Ser 2011-3795, Cl EB
2.500%, 10/15/2039		56		57
FHLMC REMIC, Ser 2011-3930, Cl AI, IO
3.500%, 09/15/2026		387		25
FHLMC REMIC, Ser 2012-4018, Cl AI, IO
3.500%, 03/15/2027		601		37
FHLMC REMIC, Ser 2012-4030, Cl FD
0.525%, VAR ICE LIBOR USD 1 Month+0.350%, 02/15/2041		5,810		5,811
FHLMC REMIC, Ser 2012-4032, Cl Cl, IO
3.500%, 06/15/2026		835		28
FHLMC REMIC, Ser 2012-4060, Cl Tl, IO
2.500%, 12/15/2026		965		36
FHLMC REMIC, Ser 2012-4083, Cl Dl, IO
4.000%, 07/15/2027		347		28
FHLMC REMIC, Ser 2012-4117, Cl P
1.250%, 07/15/2042		4,192		4,258
FHLMC REMIC, Ser 2012-4142, Cl PT
1.250%, 12/15/2027		2,968		2,999


26		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC REMIC, Ser 2012-4146, Cl AB
1.125%, 12/15/2027	$	3,358	$	3,387
FHLMC REMIC, Ser 2013-4170, Cl Ql, IO
3.000%, 05/15/2032		880		47
FHLMC REMIC, Ser 2013-4176, Cl Kl, IO
4.000%, 03/15/2028		1,027		67
FHLMC REMIC, Ser 2013-4178, Cl Ml, IO
2.500%, 03/15/2028		513		28
FHLMC REMIC, Ser 2013-4178, Cl Bl, IO
3.000%, 03/15/2033		699		70
FHLMC REMIC, Ser 2013-4182, CI IE, IO
2.500%, 03/15/2028		441		25
FHLMC REMIC, Ser 2013-4195, Cl AI, IO
3.000%, 04/15/2028		1,233		90
FHLMC REMIC, Ser 2013-4199, Cl Ql, IO
2.500%, 05/15/2028		727		47
FHLMC REMIC, Ser 2013-4220, CI IE, IO
4.000%, 06/15/2028		570		41
FHLMC REMIC, Ser 2013-4223, Cl AL
3.000%, 08/15/2042		2,550		2,691
FHLMC REMIC, Ser 2014-4314, Cl GA
3.000%, 12/15/2039		2,213		2,263
FHLMC REMIC, Ser 2014-4340, Cl Ml, IO
4.500%, 02/15/2027		2,067		169
FHLMC REMIC, Ser 2014-4419, Cl CW
2.500%, 10/15/2037		7,732		8,011
FHLMC REMIC, Ser 2015-4484, Cl Cl, IO
4.000%, 07/15/2030		1,166		115
FHLMC REMIC, Ser 2016-4620, Cl IO, IO
5.000%, 09/15/2033		1,028		183
FHLMC REMIC, Ser 2017-4650, Cl LP
3.000%, 09/15/2045		1,239		1,293
FHLMC REMIC, Ser 2017-4661, Cl HA
3.000%, 05/15/2043		6,335		6,541
FHLMC REMIC, Ser 2017-4664, Cl HA
3.500%, 08/15/2043		12,036		12,438
FHLMC REMIC, Ser 2017-4666, Cl A
3.000%, 03/15/2040		1,300		1,324
FHLMC REMIC, Ser 2017-4673, Cl HA
3.500%, 11/15/2043		11,209		11,606
FHLMC REMIC, Ser 2017-4709, Cl AB
3.000%, 08/15/2047		1,251		1,332
FHLMC REMIC, Ser 2018-4820, Cl Jl, IO
5.000%, 02/15/2048		1,342		230
FHLMC REMIC, Ser 2020-4978, Cl Ml, IO
4.000%, 05/25/2040		5,024		574
FHLMC, Ser 2013-303, Cl C16, IO
3.500%, 01/15/2043		3,032		446
FHLMC, Ser 2013-303, Cl C2, IO
3.500%, 01/15/2028		2,015		153
FNMA
7.000%, 06/01/2037		4		5



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
6.500%, 05/01/2026 to 01/01/2036	$	125	$	145
6.000%, 02/01/2023 to 09/01/2024		425		443
5.500%, 12/01/2020 to 06/01/2038		239		273
4.500%, 04/01/2026 to 08/01/2044		548		851
4.450%, 04/01/2021 (A)		965		971
4.339%, 07/01/2021 (A)		331		336
4.330%, 07/01/2021		3,345		3,403
4.295%, 06/01/2021		3,384		3,460
4.230%, 01/01/2021		4,259		4,257
4.160%, 07/01/2021		475		486
4.146%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.249%, 08/01/2029		109		109
4.060%, 09/01/2021 (A)		260		265
4.050%, 01/01/2021		1,000		1,000
4.000%, 05/01/2026 to 04/01/2042		1,331		1,432
3.980%, 07/01/2021 to 08/01/2021		8,753		8,956
3.970%, 06/01/2021		1,823		1,848
3.890%, 10/01/2023		821		892
3.850%, 01/01/2024		544		592
3.840%, 08/01/2021		6,278		6,391
3.810%, 11/01/2023		89		97
3.770%, 09/01/2021		100		103
3.750%, 06/01/2022 to 09/01/2023		3,104		3,303
3.734%, 07/01/2022 (A)		2,000		2,039
3.700%, 11/01/2020		775		775
3.677%, 12/01/2020 (A)		2,927		2,927
3.650%, 08/01/2023		98		105
3.500%, 10/01/2027 to 02/01/2045		22,093		23,382
3.462%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+1.888%, 12/01/2029		22		22
3.402%, VAR ICE LIBOR USD 6 Month+1.834%, 09/01/2024		102		104
3.400%, 03/01/2022		3,403		3,507
3.381%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.088%, 05/01/2028		6		6
3.310%, VAR ICE LIBOR USD 6 Month+1.600%, 08/01/2027		47		48
3.256%, 01/01/2022 (A)		707		723
3.250%, 12/01/2021		1,180		1,208
3.230%, 11/01/2020		2,928		2,926
3.150%, 01/01/2027		1,463		1,642
3.070%, 06/01/2027		954		1,067
3.000%, 09/01/2027 to 02/01/2031		961		1,010
2.970%, 12/01/2022		3,306		3,468
2.960%, 04/01/2022 to 01/01/2027 (A)		1,385		1,524
2.940%, 06/01/2022		661		682
2.930%, 05/01/2022		656		676
2.830%, 06/01/2022		167		172
2.740%, 04/01/2022		135		139
2.580%, 08/01/2022		2,123		2,188


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		27

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Short-Duration Government Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
2.570%, 01/01/2023	$	1,848	$	1,909
2.540%, 03/01/2023		602		626
2.450%, 11/01/2022		395		408
2.410%, 07/01/2021		135		136
2.360%, 04/01/2022		4,600		4,701
2.280%, 11/01/2022		1,148		1,179
2.220%, 10/01/2022 to 12/01/2022		3,421		3,517
2.150%, 05/01/2022		4,451		4,542
2.050%, 11/01/2023		1,231		1,287
0.533%, VAR ICE LIBOR USD 1 Month+ 0.350%, 01/01/2023		743		742
FNMA REMIC, Ser 1992-61, Cl FA
0.822%, VAR ICE LIBOR USD 1 Month+ 0.650%, 10/25/2022		7		7
FNMA REMIC, Ser 1993-32, Cl H
6.000%, 03/25/2023		4		4
FNMA REMIC, Ser 1993-5, Cl Z
6.500%, 02/25/2023		2		3
FNMA REMIC, Ser 1994-77, Cl FB
1.672%, VAR ICE LIBOR USD 1 Month+1.500%, 04/25/2024		1		1
FNMA REMIC, Ser 2002-53, Cl FK
0.572%, VAR ICE LIBOR USD 1 Month+0.400%, 04/25/2032		68		67
FNMA REMIC, Ser 2003-76, Cl CA
3.750%, 07/25/2033		13		13
FNMA REMIC, Ser 2006-76, Cl QF
0.572%, VAR ICE LIBOR USD 1 Month+0.400%, 08/25/2036		346		347
FNMA REMIC, Ser 2006-79, Cl DF
0.522%, VAR ICE LIBOR USD 1 Month+0.350%, 08/25/2036		276		276
FNMA REMIC, Ser 2007-47, Cl DA
5.600%, 05/25/2037		374		433
FNMA REMIC, Ser 2007-64, Cl F8
0.542%, VAR ICE LIBOR USD 1 Month+0.370%, 07/25/2037		1,936		1,947
FNMA REMIC, Ser 2008-16, Cl FA
0.872%, VAR ICE LIBOR USD 1 Month+0.700%, 03/25/2038		1,344		1,364
FNMA REMIC, Ser 2009-110, Cl FD
0.922%, VAR ICE LIBOR USD 1 Month+0.750%, 01/25/2040		4,819		4,894
FNMA REMIC, Ser 2009-112, Cl FM
0.922%, VAR ICE LIBOR USD 1 Month+0.750%, 01/25/2040		2,967		3,016
FNMA REMIC, Ser 2009-82, Cl FD
1.022%, VAR ICE LIBOR USD 1 Month+0.850%, 10/25/2039		4,044		4,121
FNMA REMIC, Ser 2009-82, Cl FC
1.092%, VAR ICE LIBOR USD 1 Month+0.920%, 10/25/2039		3,540		3,625



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA REMIC, Ser 2010-4, Cl PL
4.500%, 02/25/2040	$	1,205	$	1,320
FNMA REMIC, Ser 2010-56, Cl AF
0.735%, VAR ICE LIBOR USD 1 Month+0.550%, 06/25/2040		3,402		3,402
FNMA REMIC, Ser 2012-103, Cl HB
1.500%, 09/25/2027		4,094		4,153
FNMA REMIC, Ser 2012-111, Cl Nl, IO
3.500%, 10/25/2027		1,218		91
FNMA REMIC, Ser 2012-27, Cl PI, IO
4.500%, 02/25/2042		3,559		426
FNMA REMIC, Ser 2012-43, Cl AI, IO
3.500%, 04/25/2027		3,894		263
FNMA REMIC, Ser 2012-47, Cl Ql, IO
5.471%, 05/25/2042 (A)		209		19
FNMA REMIC, Ser 2012-53, Cl B1, IO
3.500%, 05/25/2027		729		51
FNMA REMIC, Ser 2012-70, CI IW, IO
3.000%, 02/25/2027		1,575		78
FNMA REMIC, Ser 2012-93, CI IL, IO
3.000%, 09/25/2027		672		44
FNMA REMIC, Ser 2012-97, Cl Jl, IO
3.000%, 07/25/2027		1,791		101
FNMA REMIC, Ser 2012-98, Cl B1, IO
6.000%, 01/25/2042		2,182		339
FNMA REMIC, Ser 2013-10, Cl YA
1.250%, 02/25/2028		5,373		5,430
FNMA REMIC, Ser 2013-12, Cl P
1.750%, 11/25/2041		1,690		1,701
FNMA REMIC, Ser 2013-121, Cl FA
0.572%, VAR ICE LIBOR USD 1 Month+0.400%, 12/25/2043		22,494		22,554
FNMA REMIC, Ser 2013-130, Cl FQ
0.372%, VAR ICE LIBOR USD 1 Month+0.200%, 06/25/2041		4,134		4,118
FNMA REMIC, Ser 2013-4, Cl JB
1.250%, 02/25/2028		3,249		3,283
FNMA REMIC, Ser 2013-4, Cl CB
1.250%, 02/25/2028		5,381		5,439
FNMA REMIC, Ser 2013-41, Cl A
1.750%, 05/25/2040		5,337		5,406
FNMA REMIC, Ser 2013-9, Cl PT
1.250%, 02/25/2028		2,608		2,636
FNMA REMIC, Ser 2014-50, Cl SC, IO
3.018%, 08/25/2044 (A)		2,316		105
FNMA REMIC, Ser 2015-21, Cl WI, IO
3.056%, 04/25/2055 (A)		1,729		102
FNMA REMIC, Ser 2015-42, Cl AI, IO
3.186%, 06/25/2055 (A)		2,015		116
FNMA REMIC, Ser 2015-5, Cl CP
3.000%, 06/25/2043		1,853		1,952


28		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA REMIC, Ser 2015-68, Cl HI, IO
3.500%, 09/25/2035	$	816	$	88
FNMA REMIC, Ser 2015-68, Cl Jl, IO
3.500%, 08/25/2030		393		32
FNMA REMIC, Ser 2016-25, Cl A
3.000%, 11/25/2042		1,691		1,749
FNMA REMIC, Ser 2016-3, Cl Jl, IO
3.500%, 02/25/2031		783		50
FNMA REMIC, Ser 2016-71, CI IN, IO
3.500%, 10/25/2046		837		126
FNMA REMIC, Ser 2017-15, Cl BC
3.250%, 11/25/2043		5,152		5,358
FNMA REMIC, Ser 2017-34, Cl JK
3.000%, 05/25/2047		1,762		1,825
FNMA REMIC, Ser 2017-35, Cl AH
3.500%, 04/25/2053		5,951		6,137
FNMA REMIC, Ser 2017-47, Cl AB
2.500%, 10/25/2041		9,744		9,938
FNMA REMIC, Ser 2017-68, Cl BI, IO
6.000%, 09/25/2047		1,643		378
FNMA REMIC, Ser 2017-68, CI IB, IO
4.500%, 09/25/2047		4,623		655
FNMA REMIC, Ser 2018-13, Cl MP
3.500%, 12/25/2057		5,061		5,425
FNMA REMIC, Ser 2018-38, Cl PC
3.500%, 03/25/2045		3,611		3,718
FNMA REMIC, Ser 2018-55, Cl PA
3.500%, 01/25/2047		4,207		4,358
FNMA REMIC, Ser 2018-70, Cl HA
3.500%, 10/25/2056		3,499		3,755
FNMA REMIC, Ser 2018-77, Cl PA
3.500%, 02/25/2048		1,506		1,581
FNMA REMIC, Ser 2019-28, Cl JA
3.500%, 06/25/2059		4,679		5,208
FNMA REMIC, Ser 2019-6, Cl GJ
3.000%, 02/25/2049		2,199		2,332
FNMA REMIC, Ser 2020-1, Cl AC
3.500%, 08/25/2058		6,380		6,911
FNMA REMIC, Ser 2020-26, Cl AI, IO
3.000%, 04/25/2033		7,897		530
FNMA REMIC, Ser 2020-26, CI IA, IO
3.500%, 11/25/2039		7,607		794
FNMA TBA
6.000%, 08/01/2033		2,200		2,452
3.500%, 08/01/2040 to 09/01/2040		19,075		20,119
2.500%, 08/01/2043		8,110		8,521
2.000%, 08/25/2028 to 09/17/2169		43,775		45,484
FNMA, Ser 2009-397, Cl 6
2.000%, 09/25/2039		1,659		1,709
FNMA, Ser 2012-410, Cl C6, IO
4.000%, 05/25/2027		1,072		70



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA, Ser 2013-418, Cl C16, IO
4.500%, 08/25/2043	$	4,068	$	639
FNMA, Ser 2017-M13, Cl FA
0.572%, VAR ICE LIBOR USD 1 Month+0.400%, 10/25/2024		1,179		1,176
FNMA, Ser 2017-M5, Cl FA
1.208%, VAR ICE LIBOR USD 1 Month+0.490%, 04/25/2024		769		770
FNMA, Ser 2018-M12, Cl FA
0.572%, VAR ICE LIBOR USD 1 Month+0.400%, 08/25/2025		876		873
FNMA, Ser 2018-M5, Cl A2
3.560%, 09/25/2021 (A)		4,569		4,621
FNMA, Ser 2019-M21, Cl X1, IO
1.568%, 05/25/2029 (A)		14,646		1,454
GNMA
6.500%, 08/15/2037 to 02/20/2039		242		279
6.000%, 01/15/2024 to 06/15/2041		3,911		4,571
5.500%, 10/15/2034 to 02/15/2041		1,659		1,939
5.000%, 09/15/2039 to 04/15/2041		1,041		1,194
4.500%, 09/20/2049		6,452		6,886
4.000%, 07/15/2041 to 08/15/2041		77		85
GNMA TBA
6.000%, 08/01/2033		1,600		1,776
4.500%, 08/01/2023 to 08/15/2039		6,950		7,422
GNMA, Ser 2010-116, Cl GW
3.000%, 12/20/2039		3,095		3,189
GNMA, Ser 2010-26, Cl Jl, IO
5.000%, 02/16/2040		2,638		480
GNMA, Ser 2010-57, Cl Tl, IO
5.000%, 05/20/2040		1,072		213
GNMA, Ser 2010-68, Cl WA
3.000%, 12/16/2039		1,978		2,097
GNMA, Ser 2011-131, Cl PC
3.500%, 12/20/2040		475		488
GNMA, Ser 2012-126, Cl IO, IO
3.500%, 10/20/2042		3,471		481
GNMA, Ser 2012-36, Cl AB
3.000%, 10/20/2040		1,057		1,109
GNMA, Ser 2012-51, Cl Gl, IO
3.500%, 07/20/2040		753		49
GNMA, Ser 2012-51, Cl AB
1.500%, 07/20/2040		1,280		1,292
GNMA, Ser 2012-84, Cl TE
1.500%, 03/20/2042		2,785		2,839
GNMA, Ser 2013-129, Cl AF
0.587%, VAR ICE LIBOR USD 1 Month+0.400%, 10/20/2039		5,930		5,925
GNMA, Ser 2013-166, Cl DA
3.500%, 06/20/2040		1,123		1,189
GNMA, Ser 2013-26, CI IK, IO
3.000%, 02/16/2043		578		74


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		29

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

Short-Duration Government Fund (Concluded)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2013-47, CI IA, IO
4.000%, 03/20/2043	$	623	$	99
GNMA, Ser 2013-51, CI IB, IO
3.500%, 03/20/2027		824		65
GNMA, Ser 2014-4, Cl Bl, IO
4.000%, 01/20/2044		272		46
GNMA, Ser 2014-46, Cl IO, IO
5.000%, 03/16/2044		1,088		155
GNMA, Ser 2014-55, Cl LB
2.500%, 10/20/2040		534		558
GNMA, Ser 2014-56, Cl BP
2.500%, 12/16/2039		2,540		2,656
GNMA, Ser 2015-119, Cl ND
2.500%, 12/20/2044		5,916		6,084
GNMA, Ser 2015-126, Cl HI, IO
4.000%, 12/16/2026		222		16
GNMA, Ser 2015-126, Cl Gl, IO
3.500%, 02/16/2027		348		24
GNMA, Ser 2015-132, Cl El, IO
6.000%, 09/20/2045		2,084		427
GNMA, Ser 2015-165, Cl l, IO
3.500%, 07/20/2043		1,917		210
GNMA, Ser 2015-17, Cl Bl, IO
3.500%, 05/20/2043		254		37
GNMA, Ser 2015-185, Cl Gl, IO
3.500%, 02/20/2041		1,270		72
GNMA, Ser 2015-40, Cl PA
2.000%, 04/20/2044		4,609		4,721
GNMA, Ser 2015-53, CI IA, IO
4.500%, 04/20/2045		1,151		194
GNMA, Ser 2015-63, Cl PB
1.750%, 09/20/2043		349		356
GNMA, Ser 2016-126, Cl Kl, IO
3.000%, 09/20/2028		812		59
GNMA, Ser 2016-167, Cl AI, IO
5.500%, 03/20/2039		2,327		403
GNMA, Ser 2016-23, Cl Cl, IO
3.500%, 04/20/2042		2,294		144
GNMA, Ser 2016-42, Cl El, IO
6.000%, 02/20/2046		1,763		374
GNMA, Ser 2016-49, Cl PI, IO
4.500%, 11/16/2045		2,596		460
GNMA, Ser 2016-99, Cl Ll, IO
4.000%, 05/20/2029		3,680		253
GNMA, Ser 2017-107, Cl Jl, IO
4.000%, 03/20/2047		2,224		280
GNMA, Ser 2017-134, Cl Bl, IO
5.000%, 09/16/2047		439		76
GNMA, Ser 2017-2, Cl AI, IO
5.000%, 01/16/2047		602		111
GNMA, Ser 2017-26, Cl Kl, IO
6.000%, 09/20/2040		2,205		409



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2017-26, CI IB, IO
5.500%, 02/20/2047	$	1,142	$	177
GNMA, Ser 2017-26, CI IA, IO
5.500%, 02/16/2047		1,866		335
GNMA, Ser 2018-127, Cl PB
3.000%, 09/20/2047		5,568		5,896
GNMA, Ser 2018-38, Cl AB
3.500%, 01/20/2048		5,097		5,568
GNMA, Ser 2018-72, Cl lD, IO
4.500%, 08/20/2045		6,205		1,011
GNMA, Ser 2019-43, CI IA, IO
4.500%, 05/20/2048		3,979		501
GNMA, Ser 2019-5, Cl Jl, IO
5.000%, 07/16/2044		2,458		347
GNMA, Ser 2020-17, Cl El, IO
5.000%, 02/20/2050		4,414		817


Total Mortgage-Backed Securities (Cost $581,297) ($ Thousands)				589,238


U.S. TREASURY OBLIGATIONS — 25.8%
U.S. Treasury Inflation Indexed Bonds
0.125%, 01/15/2030		4,001		4,435
U.S. Treasury Notes
2.750%, 09/15/2021		23,450		24,136
2.375%, 03/15/2022		39,088		40,500
2.250%, 04/15/2022 (B)		39,259		40,675
2.000%, 10/31/2021		9,600		9,822
1.500%, 09/30/2021		39,996		40,632
1.125%, 09/30/2021		47,375		47,919


Total U.S. Treasury Obligations (Cost $205,435) ($ Thousands)				208,119


REPURCHASE AGREEMENTS — 8.8%
BNP Paribas 0.090%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $60,100,451 (collateralized by various GNMA, FNMA, FMAC, U.S. Treasury Obligations, ranging in par value $100 - $26,494,970, 0.000% - 7.000%, 03/25/2021 - 07/01/2050; with total market value $61,302,014) (C)		60,100		60,100


30		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

REPURCHASE AGREEMENTS (continued)
Deutsche Bank 0.090%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $11,200,084 (collateralized by various GNMA, FNMA, FMAC obligations, ranging in par value $1,384,861 - $19,000,000, 3.000% - 3.500%, 06/01/2045 - 09/20/2047; with total market value $11,424,000) (C)	$	11,200	$	11,200

Total Repurchase Agreements (Cost $71,300) ($ Thousands)				71,300


Total Investments in Securities — 107.7% (Cost $858,032) ($ Thousands)			$	868,657

A list of the open futures contracts held by the Fund at July 31, 2020, is as follows:


Type of Contract	Number of Contracts Long/(Short)	Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)

U.S. 10-Year Treasury Note	204		Sep-2020	$	28,424		$	28,576		$	152

U.S. 2-Year Treasury Note	1,073		Oct-2020		236,824			237,116			292

U.S. 5-Year Treasury Note	242		Oct-2020		30,428			30,523			95

U.S. Long Treasury Bond	(57)		Sep-2020		(10,102	)		(10,390	)		(288	)

Ultra 10-Year U.S. Treasury Note	(47)		Sep-2020		(7,381	)		(7,485	)		(104	)


				$	278,193		$	278,340		$	147

For the period ended July 31, 2020 the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

Percentages are based on Net Assets of $806,624 ($ Thousands).

(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

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

(C)	Tri-Party Repurchase Agreement.

Cl – Class

FHLMC – Federal Home Loan Mortgage Corporation

FNMA – Federal National Mortgage Association

GNMA – Government National Mortgage Association

ICE – Intercontinental Exchange

IO – Interest Only - face amount represents notional amount

LIBOR – London Interbank Offered Rate

REMIC – Real Estate Mortgage Investment Conduit

Ser – Series

TBA – To Be Announced

USD – U.S. Dollar

VAR – Variable Rate

The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Investments in Securities

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Mortgage-Backed Securities

–

589,238

–

589,238

U.S. Treasury Obligations

–

208,119

–

208,119

Repurchase Agreements

–

71,300

–

71,300

Total Investments in Securities

–

868,657

–

868,657

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

539

–

539

Unrealized Depreciation

(392

)

–

(392

)

Total Other Financial Instruments

147

–

147

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

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

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

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

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


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		31

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

GNMA Fund

LOGO


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES — 95.5%

Agency Mortgage-Backed Obligations — 95.5%
FHLMC
5.000%, 09/01/2029	$	179	$	196
3.650%, 04/01/2030		313		371
2.500%, 06/01/2050		7		7
FHLMC Multifamily Structured Pass-Through Certificates, Ser K066, Cl X1, IO
0.889%, 06/25/2027 (A)		1,655		75
FHLMC Multifamily Structured Pass-Through Certificates, Ser K737, Cl X1, IO
0.752%, 10/25/2026 (A)		2,162		74
FHLMC REMIC, Ser 2011-3930, Cl AI, IO
3.500%, 09/15/2026		53		3
FHLMC REMIC, Ser 2012-4018, Cl AI, IO
3.500%, 03/15/2027		84		5
FHLMC REMIC, Ser 2012-4032, Cl Cl, IO
3.500%, 06/15/2026		114		4
FHLMC REMIC, Ser 2012-4060, Cl Tl, IO
2.500%, 12/15/2026		129		5
FHLMC REMIC, Ser 2013-4166, Cl PI, IO
3.500%, 03/15/2041		424		25
FHLMC REMIC, Ser 2013-4176, Cl Kl, IO
4.000%, 03/15/2028		126		8
FHLMC REMIC, Ser 2013-4178, Cl Ml, IO
2.500%, 03/15/2028		71		4
FHLMC REMIC, Ser 2013-4182, CI IE, IO
2.500%, 03/15/2028		65		4
FHLMC REMIC, Ser 2013-4199, Cl Ql, IO
2.500%, 05/15/2028		90		6
FHLMC REMIC, Ser 2015-4446, Cl BI, IO
6.500%, 04/15/2039		329		76
FHLMC REMIC, Ser 2015-4484, Cl Cl, IO
4.000%, 07/15/2030		117		12
FHLMC REMIC, Ser 2016-4624, Cl BI, IO
5.500%, 04/15/2036		197		38
FHLMC REMIC, Ser 2016-4636, Cl BI, IO
5.500%, 05/15/2040		348		74
FHLMC REMIC, Ser 2017-4731, Cl LB
3.000%, 11/15/2047		167		190
FHLMC REMIC, Ser 2018-4820, Cl Jl, IO
5.000%, 02/15/2048		121		21
FHLMC REMIC, Ser 2020-4978, Cl Ml, IO
4.000%, 05/25/2040		468		53
FHLMC, Ser 2014-324, Cl C18, IO
4.000%, 12/15/2033		516		64


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA
8.000%, 07/01/2025 to 09/01/2028	$	19	$	19
7.000%, 08/01/2029 to 09/01/2032		41		44
6.500%, 09/01/2032		27		31
3.260%, 06/01/2027		179		202
3.230%, 02/01/2027		142		160
FNMA REMIC, Ser 1992-105, Cl B
7.000%, 06/25/2022		2		2
FNMA REMIC, Ser 2010-126, Cl Nl, IO
5.500%, 11/25/2040		301		52
FNMA REMIC, Ser 2012-53, Cl BI, IO
3.500%, 05/25/2027		89		6
FNMA REMIC, Ser 2012-93, CI IL, IO
3.000%, 09/25/2027		88		6
FNMA REMIC, Ser 2012-98, Cl BI, IO
6.000%, 01/25/2042		213		33
FNMA REMIC, Ser 2014-68, CI ID, IO
3.500%, 03/25/2034		850		62
FNMA REMIC, Ser 2015-21, Cl WI, IO
3.056%, 04/25/2055 (A)		216		13
FNMA REMIC, Ser 2016-3, Cl Jl, IO
3.500%, 02/25/2031		100		6
FNMA REMIC, Ser 2016-71, CI IN, IO
3.500%, 10/25/2046		105		16
FNMA REMIC, Ser 2017-110, Cl PB
3.000%, 02/25/2057		79		89
FNMA REMIC, Ser 2017-68, Cl lB, IO
4.500%, 09/25/2047		368		52
FNMA REMIC, Ser 2018-13, Cl MP
3.500%, 12/25/2057		515		552
FNMA REMIC, Ser 2018-25, Cl AL
3.500%, 04/25/2048		49		57
FNMA REMIC, Ser 2018-45, Cl AB
3.000%, 06/25/2048		151		159
FNMA REMIC, Ser 2020-26, CI IA, IO
3.500%, 11/25/2039		664		69
FNMA TBA
2.000%, 08/25/2028 to 09/17/2169		2,300		2,392
FNMA, Ser 2012-410, Cl C6, IO
4.000%, 05/25/2027		142		9
FNMA, Ser 2012-410, Cl C8, IO
4.000%, 04/25/2032		668		74
FNMA, Ser 2019-M21, Cl X1, IO
1.568%, 05/25/2029 (A)		1,354		134
FNMA, Ser 2020-M2, Cl X, IO
0.346%, 01/25/2030 (A)		923		21
GNMA
9.000%, 12/15/2020 to 05/15/2022		4		5
8.000%, 01/15/2022 to 03/15/2032		105		116
7.750%, 10/15/2026		16		17
7.500%, 02/15/2027 to 10/15/2035		79		89
7.250%, 01/15/2028		13		13


32		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
7.000%, 11/15/2031 to 11/15/2033	$	867	$	1,009
6.750%, 11/15/2027		6		7
6.500%, 10/15/2023 to 10/15/2038		292		346
6.000%, 12/15/2027 to 12/15/2040		701		803
5.500%, 08/01/2023 to 02/15/2041		441		539
5.000%, 06/15/2033 to 01/20/2045		1,506		1,757
4.500%, 08/15/2033 to 01/20/2046		2,330		2,569
4.000%, 03/20/2040 to 07/20/2048		3,630		4,058
4.000%, 01/15/2041 (B)		592		644
3.875%, 05/15/2042		821		884
3.500%, 03/20/2041 to 04/20/2050		18,924		20,090
3.000%, 10/15/2042 to 07/20/2050		17,527		18,632
2.500%, 07/20/2045 to 12/20/2046		1,450		1,545
GNMA TBA
4.500%, 08/01/2023 to 08/15/2039		3,750		4,005
4.000%, 08/15/2041		811		853
4.000%, 07/01/2039 to 09/01/2039		2,290		2,430
3.500%, 09/15/2041		1,500		1,578
3.000%, 08/15/2042		3,229		3,415
2.500%, 08/01/2043		5,180		5,473
2.000%, 09/21/2169		2,255		2,353
GNMA, Ser 2010-26, Cl Jl, IO
5.000%, 02/16/2040		330		60
GNMA, Ser 2010-57, Cl Tl, IO
5.000%, 05/20/2040		284		56
GNMA, Ser 2011-131, Cl PZ
3.500%, 12/20/2040		283		311
GNMA, Ser 2012-113, Cl BZ
3.000%, 09/16/2042		204		225
GNMA, Ser 2012-126, Cl IO, IO
3.500%, 10/20/2042		424		59
GNMA, Ser 2012-140, Cl LD
1.750%, 10/20/2042		541		557
GNMA, Ser 2012-42, Cl QZ
3.000%, 03/20/2042		370		408
GNMA, Ser 2012-51, Cl Gl, IO
3.500%, 07/20/2040		98		6
GNMA, Ser 2012-69, Cl AI, IO
4.500%, 05/16/2027		172		12
GNMA, Ser 2012-91, Cl NC
3.000%, 05/20/2042		499		546
GNMA, Ser 2013-187, Cl PE
2.000%, 09/20/2043		213		222
GNMA, Ser 2013-26, CI IK, IO
3.000%, 02/16/2043		72		9
GNMA, Ser 2013-47, CI IA, IO
4.000%, 03/20/2043		89		14
GNMA, Ser 2013-79, Cl BZ
3.000%, 05/20/2043		339		381
GNMA, Ser 2013-99, Cl AX
3.000%, 07/20/2043		132		141


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2014-119, Cl ZK
3.500%, 08/16/2044	$	21	$	24
GNMA, Ser 2014-122, Cl IP, IO
3.500%, 08/16/2029		621		49
GNMA, Ser 2014-133, Cl EP
3.500%, 09/20/2044		251		280
GNMA, Ser 2014-144, Cl Bl, IO
3.000%, 09/16/2029		199		14
GNMA, Ser 2014-21, Cl Dl, IO
4.000%, 04/16/2026		790		57
GNMA, Ser 2015-165, Cl l, IO
3.500%, 07/20/2043		467		51
GNMA, Ser 2015-168, Cl Ml, IO
5.500%, 10/20/2037		626		112
GNMA, Ser 2015-17, Cl Bl, IO
3.500%, 05/20/2043		545		80
GNMA, Ser 2015-18, CI IC, IO
3.500%, 02/16/2030		507		41
GNMA, Ser 2015-185, Cl Gl, IO
3.500%, 02/20/2041		160		9
GNMA, Ser 2015-24, Cl Cl, IO
3.500%, 02/20/2045		268		40
GNMA, Ser 2015-53, CI IA, IO
4.500%, 04/20/2045		165		28
GNMA, Ser 2015-62, Cl Cl, IO
4.500%, 05/20/2045		340		58
GNMA, Ser 2015-63, Cl PB
1.750%, 09/20/2043		138		141
GNMA, Ser 2015-84, Cl IO, IO
3.500%, 05/16/2042		416		69
GNMA, Ser 2016-126, Cl Kl, IO
3.000%, 09/20/2028		120		9
GNMA, Ser 2016-136, Cl A
3.000%, 07/20/2044		682		757
GNMA, Ser 2016-161, Cl Gl, IO
5.000%, 11/16/2046		250		42
GNMA, Ser 2016-167, Cl AI, IO
5.500%, 03/20/2039		428		74
GNMA, Ser 2016-18, Cl TA
2.000%, 10/20/2044		480		497
GNMA, Ser 2016-23, Cl Cl, IO
3.500%, 04/20/2042		281		18
GNMA, Ser 2016-42, Cl El, IO
6.000%, 02/20/2046		219		47
GNMA, Ser 2016-49, Cl PZ
3.000%, 11/16/2045		220		246
GNMA, Ser 2016-99, Cl Ll, IO
4.000%, 05/20/2029		512		35
GNMA, Ser 2017-107, Cl Jl, IO
4.000%, 03/20/2047		300		38
GNMA, Ser 2017-130, Cl IO, IO
4.500%, 02/20/2040		375		60


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		33

SCHEDULE OF INVESTMENTS (Unaudited)

July 31, 2020

GNMA Fund (Concluded)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2017-134, Cl CG
2.500%, 09/20/2047	$	80	$	84
GNMA, Ser 2017-134, Cl Bl, IO
5.000%, 09/16/2047		197		34
GNMA, Ser 2017-182, Cl LZ
3.000%, 12/20/2047		135		144
GNMA, Ser 2017-19, Cl AY
3.000%, 02/20/2047		436		491
GNMA, Ser 2017-2, Cl AI, IO
5.000%, 01/16/2047		75		14
GNMA, Ser 2017-26, CI IA, IO
5.500%, 02/16/2047		257		46
GNMA, Ser 2018-13, Cl DB
3.000%, 01/20/2048		7		7
GNMA, Ser 2018-72, CI ID, IO
4.500%, 08/20/2045		521		85
GNMA, Ser 2018-77, Cl JY
3.500%, 06/20/2048		246		270
GNMA, Ser 2019-43, CI IA, IO
4.500%, 05/20/2048		341		43
GNMA, Ser 2020-17, Cl El, IO
5.000%, 02/20/2050		360		67
GNMA, Ser 2020-74, CI IC, IO
3.000%, 05/20/2035		980		70
Seasoned Credit Risk Transfer Trust, Ser 2018-2, Cl MA
3.500%, 11/25/2057		555		603
Seasoned Credit Risk Transfer Trust, Ser 2018-4
3.500%, 03/25/2058		624		682
Seasoned Credit Risk Transfer Trust, Ser 2019-1, Cl MA
3.500%, 07/25/2058		480		525
Seasoned Credit Risk Transfer Trust, Ser 2019-3, Cl MT
3.500%, 10/25/2058		316		359


Total Mortgage-Backed Securities (Cost $85,924) ($ Thousands)				88,212


REPURCHASE AGREEMENTS — 13.4%
BNP Paribas 0.090%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $11,200,083 (collateralized by various GNMA, FNMA, FMAC, U.S. Treasury Obligations, ranging in par value $1,384,861 - $19,000,000, 3.000% - 3.500%, 06/01/2045 - 09/20/2047; with total market value $11,424,000) (C)		11,000		11,000


Description	Face Amount (Thousands)		Market Value ($ Thousands)

REPURCHASE AGREEMENTS (continued)
Deutsche Bank 0.090%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $1,400,011 (collateralized by U.S. Treasury Obligations, ranging in par value $1,168,300, 3.125%, 11/15/2028; with total market value $1,428,035) (C)	$	1,400	$	1,400

Total Repurchase Agreements (Cost $12,400) ($ Thousands)				12,400


Total Investments in Securities —108.9% (Cost $98,324) ($ Thousands)			$	100,612


34		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

A list of the open futures contracts held by the Fund at July 31, 2020, is as follows:


Type of Contract	Number of Contracts Long/(Short)	Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)

U.S. 10-Year Treasury Note	(2)		Sep-2020	$	(280	)	$	(280	)	$	–

U.S. 2-Year Treasury Note	22		Oct-2020		4,855			4,862			7

U.S. 5-Year Treasury Note	16		Oct-2020		2,009			2,018			9

U.S. long Treasury Bond	(8)		Sep-2020		(1,422	)		(1,458	)		(36	)

Ultra 10-Year U.S. Treasury Note	(6)		Sep-2020		(942	)		(956	)		(14	)


				$	4,220		$	4,186		$	(34	)

Percentages are based on Net Assets of $92,407 ($ Thousands).

(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

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

(C)	Tri-Party Repurchase Agreement.

CI – Class

FHLMC – Federal Home Loan Mortgage Corporation

FMAC – Freddie Mac

FNMA – Federal National Mortgage Association

GNMA – Government National Mortgage Association

IO – Interest Only - face amount represents notional amount

REMIC – Real Estate Mortgage Investment Conduit

Ser – Series

TBA – To Be Announced

USD – U.S. Dollar

VAR – Variable Rate

The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Investments in Securities

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Mortgage-Backed Securities

–

88,212

–

88,212

Repurchase Agreements

–

12,400

–

12,400

Total Investments in Securities

–

100,612

–

100,612

Other Financial
Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

–

Unrealized Depreciation

(50

)

–

(50

)

Total Other Financial Instruments

(34

)

–

(34

)

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

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

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

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

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


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		35

STATEMENTS OF ASSETS AND LIABILITIES (Unaudited)($ Thousands)

July 31, 2020


	Government Fund
Assets:
Investments, at value^†		$ 6,202,410
Repurchase agreements^†		3,596,000
Cash		218,928
Interest receivable		942
Receivable for investment securities sold		–
Receivable for fund shares sold		–
Tax reclaim receivable		–
Receivable for variation margin		–
Prepaid expenses		90
Total Assets		10,018,370
Liabilities:
Payable for investment securities purchased		47,977
Administration fees payable		975
Investment advisory fees payable		621
Income distribution payable		50
Chief Compliance Officer fees payable		5
Shareholder servicing fees payable		–
Cash overdraft		–
Payable for fund shares redeemed		–
Payable for variation margin		–
Accrued expense payable		345
Total Liabilities		49,973
Net Assets		$9,968,397
^† Cost of investments and repurchase agreements		$9,798,410
Net Assets:
Paid-in Capital – (unlimited authorization – no par value)		$9,968,073
Total Distributable Earnings/(loss)		324
Net Assets		$9,968,397
Net Asset Value, Offering and Redemption Price Per Share – Class F		$1.00
		($9,953,556,037	÷
		9,953,328,903 shares	)
Net Asset Value, Offering and Redemption Price Per Share – Class CAA		$1.00
		($14,840,849	÷
		14,833,888 shares	)
Net Asset Value, Offering and Redemption Price Per Share – ClassY		N/A

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

N/A – Not applicable.

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


36		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


Government II Fund			Treasury II Fund			Ultra Short Duration Bond Fund			Short-Duration Government Fund			GNMA Fund

	$ 2,843,496			$ 428,983			$ 310,261			$ 797,357			$ 88,212
	–			–			3,600			71,300			12,400
	2,697			1,078			2,323			154			–
	383			48			705			2,792			289
	–			–			–			62,229			24,950
	–			–			587			2,188			195
	–			–			14			–			–
	–			–			4			83			3
	26			6			6			10			1

	2,846,602			430,115			317,500			936,113			126,050

	249,367			26,237			2,687			128,145			31,061
	317			45			47			136			15
	102			15			26			61			7
	119			17			58			208			14
	3			–			–			1			–
	–			–			17			85			18
	–			–			–			–			2,486
	–			–			167			776			21
	–			–			1			4			1
	114			20			34			73			20
	250,022			26,334			3,037			129,489			33,643
	$2,596,580			$403,781			$314,463			$806,624			$92,407
	$2,843,496			$428,983			$312,391			$858,032			$98,324

	$2,596,428			$403,729			$318,670			$802,450			$93,077
	152			52			(4,207	)		4,174			(670	)
	$2,596,580			$403,781			$314,463			$806,624			$92,407

	$1.00			$1.00			$9.38			$10.59			$10.61
	($2,596,580,495	÷		($403,781,330	÷		($252,329,969	÷		($745,806,676	÷		($88,956,029	÷
	2,596,528,356 shares	)		403,875,258 shares	)		26,913,132 shares	)		70,421,143 shares	)		8,385,023 shares	)

	N/A			N/A			N/A			N/A			N/A


	N/A			N/A			$9.38			$10.59			$10.61
							($62,133,186	÷		($60,817,190	÷		($3,450,978	÷
							6,626,711 shares	)		5,743,231 shares	)		325,279 shares	)


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		37

STATEMENTS OF OPERATIONS (Unaudited) ($ Thousands)

For the period ended July 31, 2020


	Government Fund			Government II Fund
Investment Income:
Interest income	$	28,428		$	8,338
Total investment income		28,428			8,338
Expenses:

Administration fees		5,803			1,753
Shareholder servicing fees — Class F Shares		13,088			3,086
Shareholder servicing fees — Class CAA Shares		23			–
Investment advisory fees		3,677			865
Trustees’ fees		71			19
Chief Compliance Officer fees		21			5
Printing fees		274			67
Registration fees		120			25
Custodian/Wire agent fees		116			30
Pricing fees		10			3
Other expenses		268			72
Total expenses		23,471			5,925
Less, waiver of:

Investment advisory fees		–			(309	)
Administration fees		(51	)		(57	)
Shareholder servicing fees - Class CAA		(23	)		–
Shareholder servicing fees - Class F		(13,088	)		(3,086	)
Net expenses		10,309			2,473
Net Investment Income		18,119			5,865
Net Realized Gain (Loss) on/from:
Investments		86			97
Futures contracts		–			–
Net change in unrealized appreciation(depreciation) on/from:
Investments		–			–
Futures contracts		–			–
Net Increase in Net Assets Resulting from Operations	$	18,205		$	5,962

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

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


38		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


Treasury II Fund		Ultra Short Duration Bond Fund			Short-Duration Government Fund			GNMA Fund

	$ 1,702		$ 3,151			$ 6,355		$	814
	1,702		3,151			6,355			814

	352		303			789			73
	587		310			917			88
	–		–			–			–
	164		151			353			33
	4		3			6			1
	2		1			2			–
	13		8			22			2
	5		4			7			1
	6		4			10			1
	1		26			62			5
	16		8			26			3
	1,150		818			2,194			207

	(59)		–			–			–
	(32)		(50	)		–			–
	–		–			–			–
	(587)		(211	)		(345	)		–
	472		557			1,849			207
	1,230		2,594			4,506			607

	39		545			7,193			438
	–		125			5,397			(77	)

	–		231			4,459			823
	–		(26	)		(344	)		(32	)
	$ 1,269		$ 3,469			$ 21,211		$	1,759


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		39

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the six months ended July 31, 2020 (Unaudited) and the year ended January 31, 2020


	Government Fund
	2/1/20 - 7/31/20			2020
Operations:
Net investment Income	$	18,119		$	147,262
Net realized gain on investments		86			369
Net increase in net assets resulting from operations		18,205			147,631
Distributions:
Net investment income
Class F		(17,919	)		(147,166	)
Class CAA		39			390
Total distributions		(17,958	)		(147,556	)
Capital Share Transactions (All at $1.00 per share)
Class F:
Proceeds from shares issued		38,103,275			49,925,282
Reinvestment of dividends & distributions		10,120			82,884
Cost of shares redeemed		(34,832,008	)		(53,405,056	)
Net increase (decrease) from Class F Transactions		3,281,387			(3,396,890	)
Class CAA:
Proceeds from shares issued		13,018			21,120
Reinvestment of dividends & distributions		39			391
Cost of shares redeemed		(16,281	)		(25,060	)
Net increase (decrease) from Class CAA Transactions		(3,224	)		(3,549	)
Net increase (decrease) in net assets from capital shares transactions		3,278,163			(3 ,400,439	)
Net increase (decrease) in net assets		3,278,410			(3,400,364	)
Net Assets:
Beginning of period		6,689,987			10,090,351
End of period	$	9,968,397		$	6,689,987

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

N/A – Not applicable.

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


40		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


Government II Fund				Treasury II Fund
	2/1/20 - 7/31/20		2020		2/1/20 - 7/31/20		2020

$	5,865	$	39,072	$	1,230	$	9,861
	97		88		39		62
	5,962		39,160		1,269		9,923


	(5,886)		(39,078)		(1,243)		(9,909)
	N/A		N/A		N/A		N/A
	(5,886)		(39,078)		(1,243)		(9,909)


	3,254,864		5,925,922		863,171		1,433,759
	2,271		11,646		699		4,207
	(2,652,218)		(5,754,902)		(861,835)		(1,631,175)
	604,917		182,666		2,035		(193,209)

	N/A		N/A		N/A		N/A
	N/A		N/A		N/A		N/A
	N/A		N/A		N/A		N/A
	N/A		N/A		N/A		N/A
	604,917		182,666		2,035		(193,209)
	604,993		182,748		2,061		(193,195)

	1,991,587		1,808,839		401,720		594,915
$	2,596,580	$	1,991,587	$	403,781	$	401,720


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		41

STATEMENTS OF CHANGES IN NET ASSETS($ Thousands)

For the six months ended July 31, 2020 (Unaudited) and the year ended January 31, 2020


	Ultra Short Duration Bond Fund
	2/1/20 - 7/31/20		2020
Operations:
Net investment income	$	2,594	$	7,580
Net realized gain (loss) on investments, futures contracts, and options contracts		670		142
Net change in unrealized appreciation on investments and futures contracts		205		1,875
Net increase in net assets resulting from operations		3,469		9,597
Distributions:
Net investment income
Class F		(2,190)		(6,399)
Class Y		(509)		(1,298)
Total distributions		(2,699)		(7,697)
Capital share transactions:
Class F:
Proceeds from shares issued		70,744		78,492
Reinvestment of dividends & distributions		1,780		5,200
Cost of shares redeemed		(79,379)		(83,094)
Net increase (decrease) from Class F transactions		(6,855)		598
Class Y:
Proceeds from shares issued		15,454		7,055
Reinvestment of dividends & distributions		485		1,269
Cost of shares redeemed		(7,056)		(5,100)
Net increase (decrease) from Class Y transactions		8,883		3,224
Net Increase (decrease) in net assets from capital share transactions		2,028		3,822
Net increase (decrease) in net assets		2,798		5,722
Net Assets:
Beginning of period		311,665		305,943
End of period	$	314,463	$	311,665
Capital Share Transactions:
Class F
Shares issued		7,648		8,405
Reinvestment of distributions		191		557
Shares redeemed		(8,539)		(8,897)
Net increase (decrease) in shares outstanding from Class F Share transactions		(700)		65
Class Y
Shares issued		1,667		755
Reinvestment of distributions		52		136
Shares redeemed		(761)		(546)
Net increase in shares outstanding from Class Y Share transactions		958		345
Total increase (decrease) in shares outstanding from share transactions		258		410

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

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


42		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


Short-Duration Government Fund					GNMA Fund
2/1/20 - 7/31/20		2020			2/1/20 - 7/31/20			2020

	$ 4,506	$	12,619		$	607		$	1,503
	12,590		(443	)		361			346
	4,115		11,803			791			1,443
	21,211		23,979			1,759			3,292


	(4,995)		(12,614	)		(803)			(1,699)
	(427)		(1,034	)		(37	)		(40	)
	(5,422)		(13,648	)		(840)			(1,739)


	260,996		175,986			48,549			20,023
	3,845		9,519			709			1,506
	(204,498)		(166,652	)		(20,995)			(28,643)
	60,343		18,853			28,263			(7,114)


	17,036		12,132			2,700			1,035
	361		981			37			38
	(12,146)		(9,335	)		(734)			(1,025)
	5,251		3,778			2,003			48
	65,594		22,631			30,266			(7,066)
	81,383		32,962			31,185			(5,513)

	725,241		692,279			61,222			66,735
	$ 806,624	$	725,241		$	92,407		$	61,222


	24,803		17,062			4,579			1,932
	364		922			67			145
	(19,390)		(16,162	)		(1,989)			(2,761)
	5,777		1,822			2,657			(684)

	1,614		1,174			257			101
	34		95			3			4
	(1,155)		(905	)		(69)			(100)
	493		364			191			5
	6,270		2,186			2,848			(679)


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		43

FINANCIAL HIGHLIGHTS

For the six months ended July 31, 2020 (Unaudited) and the years ended January 31,

For a Share Outstanding Throughout the Year or Period


Net Asset Value, Beginning of Period			Net Investment Income*		Net Realized and Unrealized Gains (Losses) on Securities		Total from Operations		Dividends from Net Investment Income		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return^†		Net Assets End of Period ($ Thousands)		Ratio of Expenses to Average Net Assets⁽¹⁾		Ratio of Expenses to Average Net Assets (Excluding Waivers)		Ratio of Net Investment Income to Average Net Assets
Government Fund
Class F
2020@	$	1.00	$	–	$	–	$	–	$	_⁽²⁾	$	_⁽²⁾	$	1.00		0.22%	$	9,953,556		0.20%		0.45%		0.35%
2020		1.00		0.02		–		0.02		(0.02)		(0.02)		1.00		1.95		6,671,923		0.20		0.46		1.95
2019		1.00		0.02		–		0.02		(0.02)		(0.02)		1.00		1.70		10,068,739		0.20		0.46		1.72
2018		1.00		0.01		–		0.01		(0.01)		(0.01)		1.00		0.74		7,277,766		0.20		0.45		0.74
2017		1.00		–		–		–		_⁽²⁾		_⁽²⁾		1.00		0.19		7,875,681		0.20		0.56		0.21
2016		1.00		–		–		–		_⁽²⁾		_⁽²⁾		1.00		0.03		1,909,582		0.12		0.58		0.03
Class CAA
2020@	$	1.00	$	–	$	–	$	–	$	_⁽²⁾	$	_⁽²⁾	$	1.00		0.22%	$	14,841		0.20%		0.45%		0.44%
2020		1.00		0.02		–		0.02		(0.02)		(0.02)		1.00		1.95		18,064		0.20		0.46		1.95
2019		1.00		0.02		–		0.02		(0.02)		(0.02)		1.00		1.70		21,612		0.20		0.46		1.65
2018		1.00		0.01		–		0.01		(0.01)		(0.01)		1.00		0.74		31,525		0.20		0.45		0.74
2017		1.00		–		–		–		_⁽²⁾		_⁽²⁾		1.00		0.19		26,885		0.20		0.32		0.18
2016⁽³⁾		1.00		–		–		–		_⁽²⁾		_⁽²⁾		1.00		0.01		36,003		0.18		0.58		0.06
Government II Fund
Class F
2020@	$	1.00	$	–	$	–	$	–	$	_⁽²⁾	$	_⁽²⁾	$	1.00		0.27%	$	2,596,580		0.20%		0.48%		0.48%
2020		1.00		0.02		–		0.02		(0.02)		(0.02)		1.00		1.97		1,991,587		0.20		0.49		1.95
2019		1.00		0.02		–		0.02		(0.02)		(0.02)		1.00		1.76		1,808,839		0.20		0.49		1.73
2018		1.00		0.01		–		0.01		(0.01)		(0.01)		1.00		0.76		2,177,761		0.20		0.49		0.76
2017		1.00		–		–		–		_⁽²⁾		_⁽²⁾		1.00		0.19		2,051,398		0.20		0.53		0.19
2016		1.00		–		–		–		_⁽²⁾		_⁽²⁾		1.00		0.02		1,228,378		0.11		0.53		0.02
Treasury II Fund
Class F
2020@	$	1.00	$	–	$	–	$	–	$	_⁽²⁾	$	_⁽²⁾	$	1.00		0.27%	$	403,781		0.20%		0.49%		052%
2020		1.00		0.02		–		0.02		(0.02)		(0.02)		1.00		1.95		401,720		0.20		0.49		1.94
2019		1.00		0.02		–		0.02		(0.02)		(0.02)		1.00		1.75		594,915		0.20		0.49		1.73
2018		1.00		0.01		–		0.01		(0.01)		(0.01)		1.00		0.74		553,712		0.20		0.50		0.75
2017		1.00		–		–		–		_⁽²⁾		_⁽²⁾		1.00		0.15		523,306		0.20		0.58		0.14
2016		1.00		–		–		–		_⁽²⁾		_⁽²⁾		1.00		0.01		694,987		0.08		0.58		0.02

*	Per share calculations were performed using average shares.

@	For the six month period ended July 31, 2020. All ratios for the period have been annualized.

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

(1)

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

(2)	Amount represents less than $0.005 per share.

(3)	Commenced operations on November 20, 2015. All ratios for the period have been annualized.

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


44		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

FINANCIAL HIGHLIGHTS

For the six months ended July 31, 2020 (Unaudited) and the years ended January 31,

For a Share Outstanding Throughout the Year or Period


Net Asset Value, Beginning of Period			Net Investment Income*		Net Realized and Unrealized Gains (Losses) on Securities			Total from Operations		Dividends from Net Investment Income			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return^†		Net Assets End of Period ($ Thousands)		Ratio of Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Waivers)		Ratio of Net Investment Income to Average Net Assets		Portfolio Turnover Rate
Ultra Short Duration Bond Fund
Class F
2020@	$	9.36	$	0.08	$	0.02		$	0.10	$	(0.08	)	$	–		$	(0.08	)	$	9.38		1.10%	$	252,330		0.38%		0.58%		1.70%		32%
2020		9.31		0.23		0.05			0.28		(0.23	)		–			(0.23	)		9.36		3.06		258,558		0.38		0.59		2.44		70
2019		9.32		0.20		–			0.20		(0.21	)		–			(0.21	)		9.31		2.13		256,372		0.38		0.59		2.15		71
2018		9.31		0.13		0.02			0.15		(0.14	)		–			(0.14	)		9.32		1.58		262,023		0.38		0.59		1.38		59
2017		9.29		0.09		0.03			0.12		(0.10	)		–			(0.10	)		9.31		1.33		264,997		0.38		0.68		0.99		89
2016		9.33		0.07		(0.03	)		0.04		(0.08	)		–			(0.08	)		9.29		0.45		197,737		0.38		0.69		0.71		115
Class Y
2020@	$	9.37	$	0.08	$	0.02		$	0.10	$	(0.09	)	$	–		$	(0.09	)	$	9.38		1.03%	$	62,133		0.30%		0.33%		1.76%		32%
2020		9.31		0.24		0.06			0.30		(0.24	)		–			(0.24	)		9.37		3.25		53,107		0.30		0.34		2.52		70
2019		9.33		0.21		(0.02	)		0.19		(0.21	)		–			(0.21	)		9.31		2.11		49,571		0.30		0.34		2.23		71
2018		9.32		0.14		0.01			0.15		(0.14	)		–			(0.14	)		9.33		1.67		48,136		0.30		0.34		1.46		59
2017		9.29		0.10		0.04			0.14		(0.11	)		–			(0.11	)		9.32		1.52		45,048		0.30		0.43		1.06		89
2016^(l)		9.31		0.02		–			0.02		(0.04	)		–			(0.04	)		9.29		0.19		37,050		0.30		0.44		0.60		115
Short-Duration Government Fund
Class F
2020@	$	10.38	$	0.06	$	0.22		$	0.28	$	(0.07	)	$	–		$	(0.07	)	$	10.59		2.72%	$	745,807		0.48%		0.57%		1.13%		164%
2020		10.22		0.18		0.18			0.36		(0.20	)		–			(0.20	)		10.38		3.54		670,769		0.48		0.58		1.78		230
2019		10.27		0.18		(0.03	)		0.15		(0.20	)		–			(0.20	)		10.22		1.48		642,331		0.48		0.58		1.75		86
2018		10.43		0.15		(0.14	)		0.01		(0.17	)		–			(0.17	)		10.27		0.13		696,751		0.48		0.59		1.42		169
2017		10.49		0.10		(0.04	)		0.06		(0.12	)		–			(0.12	)		10.43		0.54		796,540		0.48		0.67		0.91		539
2016		10.55		0.07		(0.05	)		0.02		(0.08	)		–			(0.08	)		10.49		0.22		799,269		0.48		0.69		0.64		245
Class Y
2020@	$	10.38	$	0.07	$	0.22		$	0.29	$	(0.08	)	$	–		$	(0.08	)	$	10.59		2.80%	$	60,817		0.32%		0.32%		1.29%		164%
2020		10.22		0.20		0.17			0.37		(0.21	)		–			(0.21	)		10.38		3.69		54,472		0.33		0.33		1.93		230
2019		10.27		0.19		(0.03	)		0.16		(0.21	)		–			(0.21	)		10.22		1.63		49,948		0.34		0.34		1.56		86
2018		10.43		0.16		(0.13	)		0.03		(0.19	)		–			(0.19	)		10.27		0.27		51,495		0.34		0.34		1.56		169
2017		10.49		0.11		(0.04	)		0.07		(0.13	)		–			(0.13	)		10.43		0.64		48,808		0.38		0.43		1.02		539
2016		10.55		0.08		(0.05	)		0.03		(0.09	)		–			(0.09	)		10.49		0.32		50,825		0.38		0.44		0.74		245
GNMA Fund
Class F
2020@	$	10.44	$	0.09	$	0.20		$	0.29	$	(0.12	)	$	–		$	(0.12	)	$	10.61		2.81%	$	88,956		0.57%		0.57%		1.65%		192%
2020		10.20		0.24		0.28			0.52		(0.28	)		–			(0.28	)		10.44		5.15		59,818		0.58		0.58		2.33		225
2019		10.24		0.25		—			0.25		(0.29	)		–			(0.29	)		10.20		2.54		65,412		0.58		0.58		2.48		134
2018		10.47		0.24		(0.18	)		0.06		(0.29	)		–			(0.29	)		10.24		0.58		75,582		0.60		0.60		2.32		204
2017		10.82		0.16		(0.16	)		0.00		(0.21	)		(0.14	)		(0.35	)		10.47		0.04		116,057		0.63		0.67		1.48		718
2016		10.93		0.15		0.02			0.17		(0.19	)		(0.09	)		(0.28	)		10.82		1.65		122,040		0.63		0.69		1.36		718
Class Y
2020@	$	10.44	$	0.10	$	0.21		$	0.31	$	(0.14	)	$	–		$	(0.14	)	$	10.61		2.93%	$	3,451		0.32%		0.32%		1.88%		192%
2020		10.20		0.27		0.27			0.54		(0.30	)		–			(0.30	)		10.44		5.35		1,403		0.33		0.33		2.58		225
2019		10.23		0.29		–			0.29		(0.32	)		–			(0.32	)		10.20		2.88		1,323		0.32		0.32		2.84		134
2018		10.46		0.27		(0.18	)		0.09		(0.32	)		–			(0.32	)		10.23		0.82		76		0.36		0.36		2.56		204
2017		10.81		0.18		(0.15	)		0.03		(0.24	)		(0.14	)		(0.38	)		10.46		0.25		47		0.42		0.43		1.69		718
2016⁽²⁾		10.76		0.02		0.11			0.13		(0.06	)		(0.02	)		(0.08	)		10.81		1.26		69		0.43		0.45		0.80		718

*	Per share calculations were performed using average shares.

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

@	For the six month period ended July 31, 2020. All ratios for the period have been annualized.

(1)	Commenced operations on August 25, 2015. All ratios for the period have been annualized.

(2)	Commenced operations on October 30, 2015. All ratios for the period have been annualized.

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

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


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		45

NOTES TO FINANCIAL STATEMENTS (Unaudited)

July 31, 2020

1. ORGANIZATION

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

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

2. SIGNIFICANT ACCOUNTING POLICIES

The following are significant accounting policies, which are consistently followed in the preparation of its financial statements by the Funds. The Funds are investment companies that apply the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board (“FASB”).

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

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

Investment securities of the Fixed Income Funds listed on a securities exchange, market or automated quotation system for which quotations are readily available are valued at the last quoted sale price on an exchange or market on which they are traded, or, if there is no such reported sale, at the most recent quoted bid price. If available, debt securities are priced based upon valuations provided by independent third-party pricing

agents. Such values generally reflect the last reported sales price if the security is actively traded. The third party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of sixty days or less may be valued at their amortized cost, which approximates market value. Prices for most securities held in the Funds are provided daily by recognized independent pricing agents. If a security price cannot be obtained from an independent third-party pricing agent, the Fixed Income Funds seek to obtain a bid price from at least one independent broker.

Securities for which market prices are not “readily available” are valued in accordance with Fair Value Procedures established by the Trust’s Board of Trustees. The Trust’s Fair Value Procedures are implemented through a Fair Value Committee (the “Committee”) designated by the Funds’ Board of Trustees. Some of the more common reasons that may necessitate that a security be valued using Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when under normal conditions it would be open; or the security’s primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration relevant information reasonably available to the Committee. As of July 31, 2020, there were no fair valued securities held by the Funds.

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


46		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

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

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

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

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

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

For the period ended July 31, 2020, there have been no significant changes to the Trust’s fair valuation methodologies.

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

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

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

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

Repurchase Agreements — To the extent consistent with its investment objective and strategies, securities pledged as collateral for repurchase agreements are held by each Fund’s custodian bank until the repurchase date of the repurchase agreement. The Funds also invest in tri-party repurchase agreements. Securities

held as collateral for tri-party repurchase agreements are maintained by the broker’s custodian bank in a segregated account until the repurchase date of the repurchase agreement. Provisions of the repurchase agreements and the Trust’s policies require that the market value of the collateral, including accrued interest thereon, is sufficient in the event of default by the counterparty. If the counterparty defaults and the value of the collateral declines, or if the counterparty enters into an insolvency proceeding, realization of the collateral by the Funds may be delayed or limited.

It is the Funds’ policy to present the repurchase agreements contracts separately on the Statements of Assets and Liabilities, as the Funds do not have a master netting agreement with the counterparty to the repurchase agreements contracts. Refer to each Fund’s Schedule of Investments for details regarding repurchase agreements contracts as of July 31, 2020, if applicable.

Futures Contracts — To the extent consistent with its investment objective and strategies, the Fixed Income Funds utilized futures contracts during the period ended July 31, 2020. These Funds’ investments in futures contracts are designed to enable the Funds to more closely approximate the performance of their benchmark indices. The Funds chose to invest in futures contracts for tactical hedging purposes as well as to enhance the Funds’ returns. Initial margin deposits of cash or securities are made upon entering into futures contracts. The contracts are marked to market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin payments are paid or received, depending upon whether unrealized gains or losses are incurred. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.

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

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

It is the Funds’ policy to present the gross variation margin payable and the gross variation margin receivable of the future contracts separately on the


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		47

NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)

July 31, 2020

Statements of Assets and Liabilities, as the Funds do not have a master netting agreement with the counterparty to the futures contracts. Refer to each Fund’s Schedule of Investments for details regarding open future contracts as of July 31, 2020, if applicable. The fair value of interest rate futures contracts held in the Fixed Income Funds can be found on the Statements of Assets and Liabilities under the captions Receivable for Variation Margin and Payable for Variation Margin. Only current day’s variation margin is reported within the Statements of Assets and Liabilities. Cumulative appreciation/ depreciation of futures contracts are reported in the respective Fixed Income Funds’ Schedule of Investments. Realized gains or losses on interest rate futures contracts related to the Fixed Income Funds are recognized on the Statements of Operations as part of Net Realized Gain (Loss) on Futures Contracts and any change in unrealized appreciation or depreciation is recognized on the Statements of Operations as Net Unrealized Gain (Loss) on Futures Contracts.

Swap Agreements — To the extent consistent with its investment objective and strategies, a Fund’s investment in swap contracts is mainly used as an efficient means to take and manage risk in the portfolio, including interest rate risk, credit risk and overall yield sensitivity. A swap agreement is a two-party contract under which an agreement is made to exchange returns from predetermined investments or instruments, including a particular interest rate, foreign currency, or “basket” of securities representing a particular index. Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal. Credit-default swaps involve periodic payments by a Fund or counterparty based on a specified rate multiplied by a notional amount assigned to an underlying debt instrument or group of debt instruments in exchange for the assumption of credit risk on the same instruments. In the event of a credit event, usually in the form of a credit rating downgrade, the party receiving periodic payments (i.e. floating rate payer) must pay the other party (i.e. fixed rate payer) an amount equal to the recovery rate used to settle the contracts. The recovery rate is a function of how many credit default swap investors wish to deliver the security or receive the security. The recovery rate is determined through an auction process. Total return swaps allow an investor to benefit from the cash flow without ever actually owning the underlying security. The receiver must pay any decline in value to the payer at the end of the total return swap. However, the investor does not need to make a payment if there is

no decline in price. Payments can be made on various indices, bonds (i.e. mortgage backed securities, bank debt and corporate), loans or commodities. The value of a total return swap is equal to the change in value of the underlying asset versus the accrued income payment based on LIBOR or some other form of indices on the notional amount. Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal to manage a Fund’s exposure to interest rates. Payments received or made are recorded as realized gains or loss. A Fund could be exposed to credit or market risk due to unfavorable changes in the fluctuation of interest rates or if the Counterparty defaults on its obligation to perform. Risk of loss may exceed amounts recognized on the statement of assets and liabilities. Interest rate swap contracts outstanding at period end, if any, are listed after a Fund’s portfolio. In connection with swap agreements securities may be set aside as collateral by a Fund’s custodian. A Fund may enter into swap agreements in order to, among other things, change the maturity or duration of the investment portfolio, to protect a Fund’s value from changes in interest rates, or to expose a Fund to a different security or market.

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

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

This risk is mitigated by having a master netting arrangement between a Fund and the counterparty and by having the counterparty post collateral to cover a Fund’s exposure to the counterparty. There were no outstanding swap agreements as of July 31, 2020.

Options Written/Purchased — To the extent consistent with its Investment Objective and Strategies, a Fund may invest in financial options contracts to add return or to hedge their existing portfolio securities. When the Fund writes or purchases an option, an amount equal to the premium received or paid by the Fund is recorded


48		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

as a liability or an asset and is subsequently adjusted to the current market value of the option written or purchased. Premiums received or paid from purchasing or writing options which expire unexercised are treated by the Fund on the expiration date as realized gains or losses. The difference between the premium and the amount paid or received on effecting a closing purchase or sale transaction, including brokerage commissions, is also treated as a realized gain or loss. If an option is exercised, the premium paid or received is added to the cost of the purchase or proceeds from the sale in determining whether the Fund has realized a gain or a loss. The risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases. The risk in writing a put option is that the Fund may incur a loss if the market price of the security decreases and the option is exercised. The risk in purchasing an option is that the Fund pays a premium whether or not the option is exercised. The Fund also has the additional risk of being unable to enter into a closing transaction at an acceptable price if a liquid secondary market does not exist. Option contracts also involve the risk that they may not work as intended due to unanticipated developments in market conditions or other causes. Finally, the risk exists that losses could exceed amounts disclosed on the Statement of Assets and Liabilities. There were no outstanding options contracts as of July 31, 2020.

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

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

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

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

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

Restricted Securities — Throughout the year, the Funds owned private placement investments that were purchased through private offerings or acquired through initial public offerings that could not be sold without prior registration under the Securities Act of 1933 or pursuant to an exemption there from. In addition, the Funds had generally agreed to further restrictions on the disposition of certain holdings as set forth in various agreements entered into in connection with the purchase of those investments. These investments


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		49

NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)

July 31, 2020

were valued at amortized cost, which approximates fair value, as determined in accordance with the procedures approved by the Board of Trustees. At July 31, 2020, the Funds did not own any restricted securities except for those designated as 144A on the schedules of investments.

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

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

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

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

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

SEI Investments Distribution Co. (the “Distributor”), a wholly owned subsidiary of SEI Investments Company (“SEI”) and a registered broker-dealer, acts as the Distributor of the shares of the Trust under a Distribution Agreement. The Trust also has adopted plans under which firms, including the Distributor, that provide shareholder services may receive compensation thereof.

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

The Money Market Funds’ Administrator and/or the Distributor have contractually agreed to waive fees or reimburse expenses for each Money Market Fund

until May 31, 2021, in order to keep total fund operating expenses (exclusive of interest from borrowings, brokerage commissions, trustees’ fees, taxes and other extraordinary expenses not incurred in the ordinary course of the Fund’s business) from exceeding the levels specified in the table below. These contractual waivers and reimbursements will only apply if a Money Market Fund’s total operating costs exceed the applicable thresholds and will not affect the Money Market Fund’s total operating costs if they are less than the applicable thresholds. In other words, shareholders will pay the lower of a Money Market Fund’s actual total fund operating expenses or total fund operating expenses after contractual waivers and expense reimbursements. The contractual waiver and expense reimbursement are limited to the Money Market Fund’s direct operating expenses and, therefore, do not apply to indirect expenses incurred by a fund, such as acquired fund fees and expenses (“AFFE”). The agreement may be amended or terminated only with the consent of the Board of Trustees.

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

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


50		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

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


	Advisory Fees	Shareholder Servicing Fees	Expense Limitations
Government Fund
Class F	0.07%	0.25%	0.20%⁽³⁾
Class CAA	0.07%	0.25%	0.20%⁽³⁾
Government II Fund
Class F	0.07%	0.25%	0.20%⁽²⁾
Treasury II Fund
Class F	0.07%	0.25%	0.20%⁽²⁾
Ultra Short Duration Bond Fund
Class F	0.10%⁽⁴⁾	0.25%	0.38%⁽¹⁾
Class Y	0.10%⁽⁴⁾	–%	0.30%⁽¹⁾
Short-Duration Government Fund
Class F	0.09%⁽⁵⁾	0.25%	0.48%⁽¹⁾
Class Y	0.09%⁽⁵⁾	–%	0.38%⁽¹⁾
GNMA Fund
Class F	0.09%⁽⁵⁾	0.25%	0.63%⁽¹⁾
Class Y	0.09%⁽⁵⁾	–%	0.43%⁽¹⁾

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

(2)	Represents a contractual cap effective through May 31, 2021, to be changed only by board approval.

(3)	Represents a contractual cap of .25%, effective through May 31, 2021, to be changed only by Board approval. In addition, management has voluntarily waived fees to a cap of .20% that may be discontinued at any time.

(4)

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

(5)

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

The following is a summary of annual fees payable to the Administrator:


	Administration Fees
	First $1.5 Billion of Assets		Next $500 Million of Assets		Next $500 Million of Assets		Next $500 Million of Assets		Over $3 Billion of Assets
Government Fund		0.150%		0.1375%		0.1250%		0.1125%		0.100%
Government II Fund		0.150%		0.1375%		0.1250%		0.1125%		0.100%
Treasury II Fund		0.150%		0.1375%		0.1250%		0.1125%		0.100%
Ultra Short Duration Bond Fund		0.200%		0.1775%		0.1550%		0.1325%		0.110%
Short-Duration Government Fund		0.200%		0.1775%		0.1550%		0.1325%		0.110%
GNMA Fund		0.200%		0.1775%		0.1550%		0.1325%		0.110%

The Distributor has voluntarily waived all or a portion of the shareholder servicing fees for Class F of each fund, except for the GNMA Fund, since inception of the plan. Such waivers are voluntary and may be discontinued at any time.

The Administrator and Distributor have voluntarily agreed to waive and reduce their fee and/or reimburse certain expenses of the Money Market Funds in order to limit the one-day net income yield of the Funds to not less than 0.01% of the Funds’ average daily net assets. The Funds did not have any such waivers by class for the period ended July 31, 2020.

Pursuant to the “manager of managers” structure, the Board of Trustees approved BlackRock Advisors, LLC as sub-adviser to the Money Market Funds, MetLife Investment Management, LLC. serves as a sub-adviser

to the Ultra Short Duration Bond Fund and Wellington Management Company, LLP (“Wellington LLP”) serves as sub-adviser to the Fixed Income Funds. Each sub-adviser is party to an investment sub-advisory agreement with the Advisor. For its services to the Funds, the sub-advisers are entitled to receive a fee paid directly by the Adviser.

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

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


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		51

NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)

July 31, 2020

Administrator, Adviser and/or the Distributor pays compensation of Officers and affiliated Trustees.

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

Interfund Lending — The SEC has granted an exemption that permits the Trust to participate in an inter-fund lending program (the “Program”) with existing or future investment companies registered under the 1940 Act that are advised by SIMC (the “SEI Funds”). The Program allows the SEI Funds to lend money to and borrow money from each other for temporary or emergency purposes. Participation in the Program is voluntary for both borrowing and lending funds. Inter-fund loans may be made only when the rate of interest to be charged is more favorable to the lending fund than an investment in overnight repurchase agreements (“Repo Rate”), and more favorable to the borrowing fund than the rate of interest that would be charged by a bank for short-term borrowings (“Bank Loan Rate”). The Bank Loan Rate will be determined using a formula reviewed annually by the SEI Funds Board of Trustees. The interest rate imposed on inter-fund loans is the average of the Repo Rate and the Bank Loan Rate. For the period ended July 31, 2020, the Trust has not participated in the Program.

4. INVESTMENT TRANSACTIONS

The cost of security purchases and the proceeds from the sale of securities, other than short-term investments, for the period ended July 31, 2020, were as follows for the Fixed Income Funds:


	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)
Ultra Short Duration Bond Fund
Purchases	$	14,301	$	51,576	$	65,877
Sales		30,994		58,228		89,222
Short-Duration Government Fund
Purchases		1,306,518		–		1,306,518
Sales		1,331,057		–		1,331,057
GNMA Fund
Purchases		169,966		2,201		172,167
Sales		142,463		92		142,555

5. FEDERAL TAX INFORMATION

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

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

To the extent these differences are permanent, they are charged or credited to paid-in capital or distributable earnings (accumulated losses), as appropriate, in the periods that the differences arise. Permanent differences are primarily attributable to paydowns, and reclass of TIPS. None of these permanent differences necessitate a charge to the paid in capital account.


52		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

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


		Ordinary Income ($ Thousands)		Total ($ Thousands)
Government Fund
	2020	$	147,556	$	147,556
	2019		130,309		130,309
Government II Fund
	2020		39,078		39,078
	2019		31,343		31,343
Treasury II Fund
	2020		9,909		9,909
	2019		9,596		9,596
Ultra Short Duration Bond Fund
	2020		7,697		7,697
	2019		6,803		6,803
Short-Duration Government Fund
	2020		13,648		13,648
	2019		13,839		13,839
GNMA Fund
	2020		1,739		1,739
	2019		1,927		1,927

As of January 31, 2020, the components of Distributable Earnings/(Accumulated Losses) on a tax basis were as follows:


	Undistributed Ordinary Income ($ Thousands)		Undistributed Long-Term Capital Gain ($ Thousands)		Capital Loss Carryforwards ($ Thousands)			Post- October Losses ($ Thousands)		Late Year Ordinary Losses ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)		Other Temporary Differences ($ Thousands)			Total Distributable Earnings (Accumulated Losses) ($ Thousands)
Government Fund	$	8,268	$	–	$	–		$	–	$	–	$	–	$	(8,191	)	$	77
Government II Fund		2,513		–		–			–		–		–		(2,437	)		76
Treasury II Fund		530		–		–			–		–		–		(504	)		26
Ultra Short Duration Bond Fund		84		–		(6,157	)		–		–		1,239		(143	)		(4,977	)
Short-Duration Government Fund		861		–		(17,188	)		–		–		6,140		(1,428	)		(11,615	)
GNMA Fund		130		–		(3,046	)		–		–		1,458		(131	)		(1,589	)

The other temporary differences in the current year are primarily attributable to Treasury straddle loss deferral.

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

During the fiscal year ended January 31, 2020, the Government II Fund, Treasury II Fund, Short-Duration Government Fund and GNMA Fund utilized $29,185, $5,999, $1,301,266 and $207,455, respectively, of capital loss carryforwards to offset capital gains.

At January 31, 2020, the following Funds had capital loss carryforwards to offset future realized capital gains:


	Short-Term Loss ($ Thousands)		Long-Term Loss ($ Thousands)		Total ($ Thousands)
Ultra Short Duration Bond

Fund	$	89	$	6,068	$	6,157

Short-Duration Government

Fund		2,759		14,429		17,188

GNMA Fund		2,314		732		3,046

Post October losses represent losses realized on investment transactions from November 1, 2019 through December 31, 2019, that, in accordance with Federal income tax regulations, the Funds may defer and treat as having arisen in the following fiscal year.


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		53

NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)

July 31, 2020

During the period ended July 31, 2020, the Money Market Funds’ cost of securities for Federal income tax purposes approximates the cost located in the Statements of Assets and Liabilities.

For Federal income tax purposes, the cost of securities owned at July 31, 2020, and net realized gains or losses on securities sold for the year, were different from amounts reported for financial reporting purposes, primarily due to wash sales which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. The Federal tax cost and aggregate gross unrealized appreciation and depreciation on investments (including foreign currency and derivatives, if applicable) held by the Fixed Income Funds at July 31, 2020, were as follows:


	Federal Tax Cost ($ Thousands)		Appreciated Securities ($ Thousands)		Depreciated Securities ($ Thousands)			Net Unrealized Appreciation (Depreciation) ($ Thousands)
Ultra Short Duration Bond Fund		$ 312,391		$ 2,265		$ (795)			$ 1,470
Short-Duration Government Fund		858,032		12,642		(2,017	)		10,625
GNMA Fund		98,324		2,598		(310	)		2,288

Management has analyzed the Funds’ tax positions taken on the federal tax returns for all open tax years and has concluded that as of July 31, 2020, no provision for income tax is required in the Funds’ financial statements. The Funds’ federal income and excise tax returns are subject to examination by the IRS for all open tax years under the applicable Statute of Limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

6. CONCENTRATION/RISKS

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

The following is not intended to be a complete discussion of the risks associated with investing in a fund. Please review each Fund’s prospectus for additional disclosures regarding principal risks associated with investing in a fund.

Asset-Backed Securities Risk — The Ultra Short

Duration Bond Fund is subject to asset-backed securities risk, whereas payment of principal and interest on asset-backed securities is dependent largely on the cash flows generated by the assets backing the securities.

Securitization trusts generally do not have any assets or sources of funds other than the receivables and related property they own, and asset-backed securities are generally not insured or guaranteed by the related sponsor or any other entity. Asset-backed securities may be more illiquid than more conventional types of fixed income securities that the Fund may acquire.

Commercial Paper Risk — The Ultra Short Duration Bond Fund is subject to commercial paper risk. Commercial paper is a short-term obligation with a maturity generally ranging from one to 270 days and is issued by U.S. or foreign companies or other entities in order to finance their current operations. Such investments are unsecured and usually discounted from their value at maturity. The value of commercial paper may be affected by changes in the credit rating or financial condition of the issuing entities and will tend to fall when interest rates rise and rise when interest rates fall. Asset-backed commercial paper may be issued by structured investment vehicles or other conduits that are organized to issue the commercial paper and to purchase trade receivables or other financial assets. The repayment of asset-backed commercial paper depends primarily on the cash collections received from such an issuer’s underlying asset portfolio and the issuer’s ability to issue new asset-backed commercial paper.

Corporate Fixed Income Risk — The Ultra Short

Duration Bond Fund is subject to corporate fixed income risk. Corporate fixed income securities respond to economic developments, especially changes in interest rates, as well as to perceptions of the creditworthiness and business prospects of individual issuers.

Credit Risk — The Funds are all subject to the risk that the issuer of a security or the counterparty to a contract will default or otherwise become unable to honor a financial obligation.

Derivatives Risk — The Fixed Income Funds’ use of futures contracts and forward contracts is subject to market risk, leverage risk, correlation risk and liquidity risk. Leverage risk, liquidity risk and market risk are described below. Many over-the-counter (“OTC”) derivative instruments will not have liquidity beyond the counterparty to the instrument. Correlation risk is the risk that changes in the value of the derivative instrument may not correlate perfectly with the underlying asset, rate or index. The Fund’s use of forward contracts is also subject to credit risk and valuation risk. Valuation risk is the risk that the derivative may be difficult to value and/or valued incorrectly. Credit risk is described above. Each of these risks could cause the Fund to lose more than the principal amount invested in a derivative instrument. Some derivatives have the potential for unlimited loss, regardless of the size of the


54		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

Fund’s initial investment. The other parties to certain derivative contracts present the same types of credit risk as issuers of fixed income securities. The Fixed Income Funds’ use of derivatives may also increase the amount of taxes payable by shareholders. Both U.S. and non-U.S. regulators are in the process of adopting and implementing regulations governing derivatives markets, the ultimate impact of which remains unclear.

Duration Risk — The longer-term securities in which the Fixed Income Funds may invest tend to be more volatile than shorter-term securities. A portfolio with a longer average portfolio duration is more sensitive to changes in interest rates than a portfolio with a shorter average portfolio duration.

Economic Risks of Global Health Events — Global health events and pandemics, such as COVID-19, have the ability to affect—quickly, drastically and substantially the economies of many nations, states, individual companies and the markets in general and can cause disruptions that cannot necessarily be foreseen. The spread of COVID-19 around the world in 2020 resulted in a substantial number of nations implementing social distancing measures, quarantines, and the shutdown of non-essential businesses and governmental services. Further, it has caused significant volatility in U.S. and international markets. The impact of the outbreak may be short term or may last for an extended period of time.

Extension Risk — The Funds are subject to the risk that rising interest rates may extend the duration of a fixed income security, typically reducing the security’s value.

Market Risk — The prices of the Funds’ fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, the Funds’ fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. In the case of foreign securities, price fluctuations will reflect international economic and political events, as well as changes in currency valuations relative to the U.S. dollar. In response to these events, the Funds’ value may fluctuate and/or the Funds may experience increased redemptions from shareholders, which may impact the Funds’ liquidity or force the Funds to sell securities into a declining or illiquid market. In addition, the impact of any epidemic, pandemic or natural disaster, or widespread fear that such events may occur, could negatively affect the global economy, as well as the economies

of individual countries, the financial performance of individual companies and sectors, and the markets in general in significant and unforeseen ways. Any such impact could adversely affect the prices and liquidity of the securities and other instruments in which the Funds invest, which in turn could negatively impact the Funds’ performance and cause losses on your investment in the Funds.

Foreign Issuer Risk — The Ultra Short Duration Bond Fund is subject to the risk that issuers in foreign countries face political and economic events unique to such countries. These events will not necessarily affect the U.S. economy or similar issuers located in the U.S.

Interest Rate Risk — The Money Market Funds’ are subject to the risk that the Fund’s yield will decline due to falling interest rates. A rise in interest rates typically causes a fall in the value of fixed income securities in which the Fund invests, while a fall in interest rates typically causes a rise in the value of such securities. During periods when interest rates are low, the Fund’s yield will also be low, and the income generated by the Fund may not be sufficient to offset all or a significant portion of the Fund’s expenses, which could impair the Fund’s ability to provide a positive yield and maintain a stable $1.00 share price.

The Fixed Income Funds’ are subject to the risk that a rise in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Funds invest. A low interest rate environment may present greater interest rate risk, because there may be a greater likelihood of rates increasing and rates may increase more rapidly.

Investment Style Risk — The Fixed Income Funds are subject to the risk that a Funds’ investments in certain securities in a particular market segment pursuant to its particular investment strategy may underperform other market segments or the market as a whole.

Leverage Risk — The Fixed Income Funds’ use of derivatives or investments in repurchase agreements may result in the Funds’ total investment exposure substantially exceeding the value of its portfolio securities and the Funds’ investment returns depending substantially on the performance of securities that the Funds may not directly own. The use of leverage can amplify the effects of market volatility on the Funds’ share price and may also cause the Funds to liquidate portfolio positions when it would not be advantageous to do so in order to satisfy its obligations. The Funds’ use of leverage may result in a heightened risk of investment loss.

Liquidity Risk — The Funds are subject to the risk that certain securities may be difficult or impossible to sell


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		55

NOTES TO FINANCIAL STATEMENTS (Unaudited) (Concluded)

July 31, 2020

at the time and the price that the seller would like. The seller may have to lower the price of the security, sell other securities instead or forego an investment opportunity, any of which could have a negative effect on Fund management or performance.

Mortgage-Backed Securities Risk — The Fixed Income Funds are subject to mortgage-backed securities risk. Mortgage-backed securities are affected significantly by the rate of prepayments and modifications of the mortgage loans backing those securities, as well as by other factors such as borrower defaults, delinquencies, realized or liquidation losses and other shortfalls. Mortgage-backed securities are particularly sensitive to prepayment risk, which is described below, given that the term to maturity for mortgage loans is generally substantially longer than the expected lives of those securities; however, the timing and amount of prepayments cannot be accurately predicted. The timing of changes in the rate of prepayments of the mortgage loans may significantly affect the Fund’s actual yield to maturity on any mortgage-backed securities, even if the average rate of principal payments is consistent with the Funds’ expectations. Along with prepayment risk, mortgage-backed securities are significantly affected by interest rate risk, which is described above. In a low interest rate environment, mortgage loan prepayments would generally be expected to increase due to factors such as refinancings and loan modifications at lower interest rates. In contrast, if prevailing interest rates rise, prepayments of mortgage loans would generally be expected to decline and therefore extend the weighted average lives of mortgage-backed securities held or acquired by a fund.

Opportunity Risk — The Funds are subject to the risk of missing out on an investment opportunity because the assets necessary to take advantage of it are tied up in other investments.

Prepayment Risk — The Fixed Income Funds are subject to the risk that, in a declining interest rate environment, fixed income securities with stated interest rates may have the principal paid earlier than expected, requiring the Funds to invest the proceeds at generally lower interest rates.

Portfolio Turnover Risk — Due to their investment strategies, the Short-Duration Government Fund and GNMA Fund may buy and sell securities frequently. This may result in higher transaction costs and additional capital gains tax liabilities, which may affect the Funds’ performance.

Redemption Risk — The Money Market Funds may experience periods of heavy redemptions that could cause the Funds to liquidate its assets at inopportune

times or at a loss or depressed value, particularly during periods of declining or illiquid markets. This could have a significant adverse effect on the Funds’ ability to maintain a stable $1.00 share price, and, in extreme circumstances, could cause the Funds to suspend redemptions and liquidate completely.

Repurchase Agreement Risk — The Funds are subject to repurchase agreement risk. Although repurchase agreement transactions must be fully collateralized at all times, they generally create leverage and involve some counterparty risk to the Fund whereby a defaulting counterparty could delay or prevent the Funds’ recovery of collateral.

U.S. Government Securities Risk — The Funds are subject to U.S. Government securities risk. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency’s own resources. No assurance can be given that the U.S. Government will provide financial support to its agencies and instrumentalities if it is not obligated by law to do so.

7. CONCENTRATION OF SHAREHOLDERS

SEI Private Trust Company (“SPTC”) and SIMC are subsidiaries of SEI Investments Company. As of July 31, 2020, SPTC held of record the following:


Government Fund, Cl CAA		100.00%
Government Fund, Cl F		72.74%
Government II Fund		54.21%
Treasury II Fund		98.47%
Ultra Short Duration Bond Fund, Cl F		93.45%
Ultra Short Duration Bond Fund, Cl Y		85.88%
Short-Duration Government Fund, Cl F		97.45%
Short-Duration Government Fund, Cl Y		30.36%
GNMA Fund, Cl F		87.12%
GNMA Fund, Cl Y		98.78%

SPTC is not a direct service provider to the Funds. However, SPTC performs a key role in the comprehensive investment solution that SEI provides to investors. SPTC holds the vast majority of shares in the Funds as custodian for shareholders that are clients of the advisors and financial planners. SPTC maintains accounts at SEI Institutional Transfer Agency (“SITA”), and operates in an omnibus fund account environment.

8. REGULATORY MATTERS

In July 2017, the Financial Conduct Authority, the United Kingdom’s financial regulatory body, announced that after 2021 it will cease its active encouragement of banks to provide the quotations needed to sustain


56		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

LIBOR. That announcement suggests that LIBOR very likely will cease to be published after that time. Various financial industry groups have begun planning for that transition, whether through marketwide protocols, fallback contractual provisions, bespoke negotiations or amendments or otherwise, but there are obstacles to converting certain securities and transactions to a new benchmark. Transition planning is at an early stage, and neither the effect of the transition process nor its ultimate success can yet be known. The transition process might lead to increased volatility and illiquidity in markets for instruments whose terms currently include LIBOR. It could also lead to a reduction in the value of some LIBOR-based investments and reduce the effectiveness of new hedges placed against existing LIBOR-based investments. While some LIBOR-based instruments may contemplate a scenario where LIBOR is no longer available by providing for an alternative rate setting methodology and/or increased costs for certain LIBOR-related instruments or financing transactions, not all may have such provisions and there may be significant uncertainty regarding the effectiveness of any such alternative methodologies, resulting in prolonged adverse market conditions for a fund. Because the usefulness of LIBOR as a benchmark could deteriorate during the transition period, these effects could occur prior to the end of 2021. There also remains uncertainty and risk regarding the willingness and ability of issuers to include enhanced provisions in new and existing contracts or instruments. All of the aforementioned may adversely affect a fund’s performance or NAV.

9. NEW ACCOUNTING PRONOUNCEMENT

In August 2018, The FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820). The new guidance includes additions and modifications to disclosures requirements for fair value measurements. For public entities, the amendments are effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Management elected to early adopt the removal and modifications of certain disclosures and delay the adoption of additional disclosures until the effective date.

10. SUBSEQUENT EVENTS

Management has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. Based on this evaluation, no disclosures and/or adjustments were required to the financial statements as of July 31, 2020.


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		57

DISCLOSURE OF FUND EXPENSES (Unaudited)

July 31, 2020

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

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

The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in your Fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period (February 1, 2020 to July 31, 2020).

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

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

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

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

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


	Beginning Account Value 2/1/20		Ending Account Value 7/31/20		Annualized Expense Ratios			Expenses Paid During Period*
Government Fund
Actual Fund Return
Class F		$1,000.00		$1,002.20		0.20	%		$1.00
Class CAA		1,000.00		1,002.20		0.20			1.00
Hypothetical 5% Return
Class F		$1,000.00		$1,023.87		0.20	%		$1.01
Class CAA		1,000.00		1,023.87		0.20			1.01
Government II Fund
Actual Fund Return
Class F		$1,000.00		$1,002.70		0.20	%		$1.00
Hypothetical 5% Return
Class F		$1,000.00		$1,023.87		0.20	%		$1.01


	Beginning Account Value 2/1/20		Ending Account Value 7/31/20		Annualized Expense Ratios			Expenses Paid During Period*
Treasury II Fund
Actual Fund Return
Class F		$1,000.00		$1,002.70		0.20	%		$1.00
Hypothetical 5% Return
Class F		$1,000.00		$1,023.87		0.20	%		$1.01
Ultra Short Duration Bond Fund
Actual Fund Return
Class F		$1,000.00		$1,011.00		0.38	%		$1.90
Class Y		1,000.00		1,010.30		0.30			1.50
Hypothetical 5% Return
Class F		$1,000.00		$1,022.97		0.38	%		$1.91
Class Y		1,000.00		1,023.37		0.30			1.51


58		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020


	Beginning Account Value 2/1/20		Ending Account Value 7/31/20		Annualized Expense Ratios			Expenses Paid During Period*
Short-Duration Government Fund
Actual Fund Return
Class F		$1,000.00		$1,027.20		0.48	%		$2.42
Class Y		1,000.00		1,028.00		0.32			1.61
Hypothetical 5% Return
Class F		$1,000.00		$1,022.48		0.48	%		$2.41
Class Y		1,000.00		1,023.27		0.32			1.61
GNMA Fund
Actual Fund Return
Class F		$1,000.00		$1,028.10		0.57	%		$2.87
Class Y		1,000.00		1,029.30		0.32			1.61
Hypothetical 5% Return
Class F		$1,000.00		$1,022.03		0.57	%		$2.87
Class Y		1,000.00		1,023.27		0.32			1.61

*	Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 182/366.


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		59

LIQUIDITY RISK MANAGEMENT PROGRAM (Unaudited)

Pursuant to Rule 22e-4 under the 1940 Act, the Trust, on behalf of the Funds, has adopted a liquidity risk management program (the “Program”) to govern the Trust’s approach to managing liquidity risk. The Program is overseen by the SIMC Liquidity Risk Oversight Committee, and the Program’s principal objectives include assessing, managing and periodically reviewing each Fund’s liquidity risk, based on factors specific to the circumstances of the Fund.

At a meeting of the Board held on March 24, 2020, the Trustees received a report from the SIMC Liquidity Risk Oversight Committee addressing the operations of the Program and assessing its adequacy and effectiveness of implementation. The SIMC Liquidity Risk Oversight Committee determined, and reported to the Board, that the Program is reasonably designed to assess and manage each Fund’s liquidity risk and has operated adequately and effectively to manage each Fund’s liquidity risk since the Program was implemented on December 1, 2018. The SIMC Liquidity Risk Oversight Committee reported that during the period covered by the report, there were no liquidity events that impacted the Funds or their ability to timely meet redemptions without dilution to existing shareholders. The SIMC Liquidity Risk Oversight Committee further noted that no material changes have been made to the Program since its implementation.

There can be no assurance that the Program will achieve its objectives in the future. Please refer to the prospectus for more information regarding a Fund’s exposure to liquidity risk and other principal risks to which an investment in the Funds may be subject.


60		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

BOARD OF TRUSTEES’ CONSIDERATIONS IN APPROVING THE ADVISORY AGREEMENT (Unaudited)

SEI Daily Income Trust (the “Trust”) and SEI Investments Management Corporation (“SIMC”) have entered into an investment advisory agreement (the “Advisory Agreement”), pursuant to which SIMC provides investment advisory services to the series of the Trust (the “Funds”). Pursuant to separate sub-advisory agreements with SIMC (the “Sub-Advisory Agreements” and, together with the Advisory Agreement, the “Investment Advisory Agreements”), and under the supervision of SIMC and the Trust’s Board of Trustees (the “Board”), the sub-advisers (each, a “Sub-Adviser” and collectively, the “Sub-Advisers”) provide security selection and certain other advisory services with respect to all or a discrete portion of the assets of the Funds. The Sub-Advisers are also responsible for managing their employees who provide services to the Funds. The Sub-Advisers are selected based primarily upon the research and recommendations of SIMC, which evaluates quantitatively and qualitatively the Sub-Advisers’ skills and investment results in managing assets for specific asset classes, investment styles and strategies.

The Investment Company Act of 1940, as amended (the “1940 Act”), requires that the initial approval of a Fund’s Investment Advisory Agreements be specifically approved by the vote of a majority of the outstanding shareholders of the Funds and the vote of a majority of the Trustees who are not parties to the Investment Advisory Agreements or “interested persons” of any party (the “Independent Trustees”) cast in person at a meeting called for such purpose. In addition, the 1940 Act requires that the continuation or renewal of any Investment Advisory Agreement be approved at least annually (after an initial period of up to two years), which also requires the vote of a majority of the Board, including a majority of the Independent Trustees. In connection with their consideration of such renewals, the Funds’ Trustees must request and evaluate, and SIMC and the Sub-Advisers are required to furnish, such information as may be reasonably necessary to evaluate the terms of the Investment Advisory Agreements. In addition, the Securities and Exchange Commission takes the position that, as part of their fiduciary duties with respect to a mutual fund’s fees, mutual fund boards are required to evaluate the material factors applicable to a decision to approve an investment advisory agreement.

Consistent with these responsibilities, the Board calls and holds meetings each year to consider whether to approve new and/or renew existing Investment Advisory Agreements between the Trust and SIMC and SIMC and the Sub-Advisers with respect to the Funds of the Trust. In preparation for these meetings, the Board requests and reviews a wide variety of materials provided by SIMC and the Sub-Advisers, including information about SIMC’s and the Sub-Advisers’ affiliates, personnel and operations and the services provided pursuant to the Investment Advisory Agreements. The Board also receives data from third parties. This information is provided in addition to the detailed information about the Funds that the Board reviews during the course of each year, including information that relates to Fund operations and Fund performance. The Trustees also receive a memorandum from counsel regarding the responsibilities of Trustees in connection with their consideration of whether to approve the Trust’s Investment Advisory Agreements. Finally, the Independent Trustees receive advice from independent counsel to the Independent Trustees, meet in executive sessions outside the presence of Fund management and participate in question and answer sessions with representatives of SIMC and the Sub-Advisers.

Specifically, during the first half of the Trust’s fiscal year, the Board requested and received written materials from SIMC and the Sub-Advisers regarding: (i) the quality of SIMC’s and the Sub-Advisers’ investment management and other services; (ii) SIMC’s and the Sub-Advisers’ investment management personnel; (iii) SIMC’s and the Sub-Advisers’ operations and financial condition; (iv) SIMC’s and the Sub-Advisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the level of the advisory fees that SIMC charges the Funds and the level of the sub-advisory fees that SIMC pays the Sub-Advisers, compared with fees each charge to comparable accounts; (vi) the advisory fees charged by SIMC and the Funds’ overall fees and operating expenses compared with peer groups of mutual funds prepared by Broadridge, an independent provider of investment company data; (vii) the level of SIMC’s and the Sub-Advisers’ profitability from their Fund-related operations; (viii) SIMC’s and the Sub-Advisers’ compliance program, including a description of material compliance matters and material compliance violations; (ix) SIMC’s potential economies of scale; (x) SIMC’s and the Sub-Advisers’ policies on and compliance procedures for personal securities transactions; (xi) SIMC’s and the Sub-Advisers’ expertise and resources in domestic and/or international financial markets; and (xii) the Funds’ performance over various periods of time compared with peer groups of mutual funds prepared by Broadridge and the Funds’ benchmark indexes.

At the March 23-25, 2020 meeting of the Board, the Trustees, including a majority of the Independent Trustees, approved the renewal of the Advisory Agreement. Also, certain Sub-Advisory Agreements were renewed at a meeting of the Board held during the course of the Trust’s fiscal year on March 23-25, 2020. In each case, the Board’s decision was based on its consideration and evaluation of the factors described above, as discussed at the


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		61

BOARD OF TRUSTEES’ CONSIDERATIONS IN APPROVING THE ADVISORY AGREEMENT (Unaudited) (Concluded)

meeting and at prior meetings. The following discusses some, but not all, of the factors that were considered by the Board in connection with its assessment of the Investment Advisory Agreements.

Nature, Extent and Quality of Services. The Board considered the nature, extent and quality of the services provided by SIMC and the Sub-Advisers to the Funds and the resources of SIMC and the Sub-Advisers and their affiliates dedicated to the Funds. In this regard, the Trustees evaluated, among other things, SIMC’s and each Sub-Adviser’s personnel, experience, track record and compliance program. Following evaluation, the Board concluded that, within the context of its full deliberations, the nature, extent and quality of services provided by SIMC and the Sub-Advisers to the Funds and the resources of SIMC and the Sub-Advisers and their affiliates dedicated to the Funds were sufficient to support the renewal of the Investment Advisory Agreements. In addition to advisory services, the Board considered the nature and quality of certain administrative, transfer agency and other non-investment advisory services provided to the Funds by SIMC and/or its affiliates.

Performance. In determining whether to renew SIMC’s Advisory Agreement, the Trustees considered the Funds’ performance relative to their peer groups and appropriate indexes/benchmarks. The Trustees reviewed performance information for each Fund, noting that they receive performance reports that permit them to monitor each Fund’s performance at board meetings throughout the year. As part of this review, the Trustees considered the composition of each peer group and selection criteria. In assessing Fund performance, the Trustees considered a report compiled by Broadridge, an independent third-party that was engaged to prepare an assessment of the Funds in connection with the renewal of the Advisory Agreement (the “Broadridge Report”). The Broadridge Report included metrics on risk analysis, volatility versus total return, net total return and performance consistency for the Funds and a universe of comparable funds. Based on the materials considered and discussed at the meeting, the Trustees found Fund performance satisfactory, or, where performance was materially below the benchmark and/or peer group, the Trustees were satisfied with the reasons provided to explain such performance. In connection with the approval or renewal of Sub-Advisory Agreements, the Board considered the performance of the Sub-Adviser relative to appropriate indexes/benchmarks. Following evaluation, the Board concluded that, within the context of its full deliberations, the performance of the Funds was sufficient to support renewal of SIMC’s Advisory Agreement, and the performance of each Sub-Adviser was sufficient to support approval or renewal of the Sub-Advisory Agreement.

Fees. With respect to the Funds’ expenses under the Investment Advisory Agreements, the Trustees considered the rate of compensation called for by the Investment Advisory Agreements and the Funds’ net operating expense ratio in comparison to those of the Funds’ respective peer groups. In assessing Fund expenses, the Trustees considered the information in the Broadridge Report, which included various metrics related to fund expenses, including, but not limited to, contractual management fees at various asset levels, actual management fees (including transfer agent expenses), and actual total expenses for the Funds and a universe of comparable funds. Based on the materials considered and discussion at the meeting, the Trustees further determined that fees were either shown to be below the peer average in the comparative fee analysis, or that there was a reasonable basis for the fee level. The Trustees also considered the effects of SIMC’s and its affiliates’ voluntary waivers of management and other fees to prevent total Fund operating expenses from exceeding any applicable cap, as well as SIMC’s and its affiliates’ contractual waiver of their management and other fees with respect to the Government, Government II and Treasury II Funds to prevent total Fund operating expenses from exceeding a specified cap, and concluded that SIMC, through waivers, has maintained the Funds’ net operating expenses at competitive levels for its distribution channels. In determining the appropriateness of fees, the Board also took into consideration the impact of fees incurred indirectly by the Funds as a result of investments into underlying funds, including funds from which SIMC or its affiliates earn fees. The Board also took into consideration compensation earned from the Funds by SIMC or its affiliates for non-advisory services, such as administration, transfer agency, shareholder services or brokerage, and considered whether SIMC and its affiliates may have realized other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements. When considering fees paid to Sub-Advisers, the Board took into account the fact that the Sub-Advisers are compensated by SIMC and not by the Funds directly, and that such compensation with respect to any unaffiliated Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. Following evaluation, the Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported renewal of the Investment Advisory Agreements. The Board also considered whether the Sub-Advisers and their affiliates may have realized other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements.


62		SEI Daily Income Trust / Semi-Annual Report / July 31, 2020

Profitability. With regard to profitability, the Trustees considered compensation flowing to SIMC and the Sub-Advisers and their affiliates, directly or indirectly. The Trustees considered whether the levels of compensation and profitability were reasonable. As with the fee levels, when considering the profitability of the Sub-Advisers, the Board took into account the fact that compensation with respect to any unaffiliated Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. In connection with the approval or renewal of each Sub-Advisory Agreement, the Board also took into consideration the impact that the fees paid to the Sub-Adviser have on SIMC’s advisory fee margin and profitability. Based on this evaluation, the Board concluded that, within the context of its full deliberations, the profitability of each of SIMC and the Sub-Advisers is reasonable and supported renewal of the Investment Advisory Agreements.

Economies of Scale. With respect to the Advisory Agreement, the Trustees considered whether any economies of scale were being realized by SIMC and its affiliates and, if so, whether the benefits of such economies of scale were passed along to the Funds’ shareholders through a graduated investment advisory fee schedule or other means, including any fee waivers by SIMC and its affiliates. The Trustees recognized that economies of scale are difficult to identify and quantify and are rarely identifiable on a fund-by-fund basis. Based on this evaluation, the Board determined that the fees were reasonable in light of the information that was provided by SIMC with respect to economies of scale.

Based on the Trustees’ deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, with the assistance of Fund counsel and Independent Trustees’ counsel, unanimously approved the approval or renewal, as applicable, of the Investment Advisory Agreements and concluded that the compensation under the Investment Advisory Agreements is fair and reasonable in light of such services and expenses and such other matters as the Trustees considered to be relevant in the exercise of their reasonable judgment. In the course of its deliberations, the Board did not identify any particular factor (or conclusion with respect thereto) or single piece of information that was all-important, controlling or determinative of its decision, but considered all of the factors together, and each Trustee may have attributed different weights to the various factors (and conclusions with respect thereto) and information.


SEI Daily Income Trust / Semi-Annual Report / July 31, 2020		63

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SEI DAILY INCOME TRUST SEMI-ANNUAL REPORT JULY 31, 2020

Robert A. Nesher, Chairman

Trustees

William M. Doran

George J. Sullivan, Jr.

Nina Lesavoy

James M. Williams

Mitchell A. Johnson

Hubert L. Harris, Jr.

Susan C. Cote

James B. Taylor

Christine Reynolds

Officers

Robert A. Nesher

President and Chief Executive Officer

Peter A. Rodriguez

Controller and Chief Financial Officer

Glenn Kurdziel

Assistant Controller

Russell Emery

Chief Compliance Officer

Timothy D. Barto

Vice President, Secretary

Aaron Buser

Vice President, Assistant Secretary

David McCann

Vice President, Assistant Secretary

Stephen G. MacRae

Vice President

Bridget E. Sudall

Anti-Money Laundering Compliance Officer

Privacy Officer

Investment Adviser

SEI Investments Management Corporation

Administrator

SEI Investments Global Funds Services

Distributor

SEI Investments Distribution Co.

Legal Counsel

Morgan, Lewis & Bockius LLP

Independent Registered Public Accounting Firm

KPMG LLP

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

For more information call

1 800 DIAL SEI

(1 800 342 5734)


		New ways.
		New answers.^®

1 Freedom Valley Drive, P.O. Box 1100, Oaks, PA 19456

SEI-F-037 (7/20)

Item 2.

Code of Ethics.

Not applicable for semi-annual report.

Item 3.

Audit Committee Financial Expert.

Not applicable for semi-annual report.

Item 4.

Principal Accountant Fees and Services.

Not applicable for semi-annual report.

Item 5.

Audit Committee of Listed Registrants.

Not applicable.

Item 6.

Investments

Included in Item 1.

Item 7.

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

Not applicable.

Item 8.

Portfolio Managers of Closed-End Management Investment Companies

Not applicable.

Item 9.

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

Not applicable.

Item 10.

Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrants Board of Trustees (the “Board”). The Registrant has a standing Governance Committee (the “Committee”) currently consisting of the independent trustees. The Committee is responsible for evaluating and recommending nominees for election to the Board. Pursuant to the Committee’s Charter, adopted on June 18^th 2004, as amended, the Committee will review all shareholder recommendations for nominations to fill vacancies on the Board if such recommendations are submitted in writing and addressed to the Committee at the Registrant’s office.

Item 11.

Controls and Procedures.

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

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

Item 12.

Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 13.

Exhibits.

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

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

(b) Officer certifications as required by Rule 30a-2(b) under the Investment Company Act of 1940, as amended, also accompany this filing as exhibits.

SIGNATURES

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

Date: October 5, 2020

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


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

Date: October 5, 2020

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

Date: October 5, 2020

EX-99.CERT 2 d937081dex99cert.htm CERTIFICATION PURSUANT TO SECTION 302 Certification Pursuant to Section 302

CERTIFICATION

Pursuant to Section 302

of the Sarbanes-Oxley Act of 2002

I, Robert A. Nesher, certify that:

1. I have reviewed this report on Form N-CSRS of SEI Daily Income Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 5, 2020

/s/ Robert A. Nesher

Robert A. Nesher

President & CEO

CERTIFICATION

Pursuant to Section 302

of the Sarbanes-Oxley Act of 2002

I, Peter A. Rodriguez, certify that:

1. I have reviewed this report on Form N-CSRS of SEI Daily Income Trust;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 5, 2020

/s/ Peter A. Rodriguez

Peter A. Rodriguez

Controller & CFO

EX-99.906CERT 3 d937081dex99906cert.htm CERTIFICATION PURSUANT TO SECTION 906 Certification Pursuant to Section 906

CERTIFICATION

Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

The undersigned, the President and Chief Executive Officer of SEI Daily Income Trust (the “Trust”), with respect to the Trust’s Report on Form N-CSRS for the period ended July 31, 2020 as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. such Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust.

Dated: October 5, 2020

/s/ Robert A. Nesher

Robert A. Nesher

President & CEO

CERTIFICATION

Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

The undersigned, the Controller and Chief Financial Officer of SEI Daily Income Trust (the “Trust”), with respect to the Trust’s Report on Form N-CSRS for the period ended July 31, 2020 as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. such Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust.

Dated: October 5, 2020

/s/ Peter A. Rodriguez

Peter A. Rodriguez

Controller & CFO

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