UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________

FORM N-CSR

________

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act File Number 811-23015

SEI Catholic Values Trust

________

SEI Investments

One Freedom Valley Drive

Oaks, Pennsylvania 19456

Timothy D. Barto, Esq.

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

Registrant’s telephone number, including area code: 1-610-676-1000

Date of fiscal year end: February 28, 2026

Date of reporting period: February 28, 2026

Item 1. Reports to Stockholders.

(a)

A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the “Act”) (17 CFR § 270.30e-1), is attached hereto.

Annual Shareholder Report: February 28, 2026

Catholic Values Equity Fund

SEI Catholic Values Trust/Class F Shares - CAVAX

Fund Overview

This annual shareholder report contains important information about Catholic Values Equity Fund (the "Fund") Class F Shares for the 12-month period ending February 28, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Values Equity Fund, Class F Shares	$93	0.86%

How did the Fund perform during the last 10 years?

Total Return Based on $10,000 Investment

Table Summary
	Catholic Values Equity Fund, Class F Shares	S&P 500 Index (USD) (TR)^{Footnote Reference*}	Russell 3000 Index (USD) (TR)^{Footnote Reference*}	80/20 Russell 3000 & MSCI ACWI ex-U.S.^{Footnote Reference†}
Feb/16	$10,000	$10,000	$10,000	$10,000
Feb/17	$12,503	$12,498	$12,629	$12,494
Feb/18	$14,871	$14,635	$14,678	$14,656
Feb/19	$14,964	$15,320	$15,419	$15,055
Feb/20	$15,276	$16,575	$16,484	$15,862
Feb/21	$20,432	$21,761	$22,307	$21,176
Feb/22	$22,214	$25,327	$25,049	$23,230
Feb/23	$20,533	$23,379	$23,027	$21,420
Feb/24	$24,861	$30,499	$29,613	$26,829
Feb/25	$28,304	$36,113	$34,806	$31,125
Feb/26	$32,937	$42,249	$40,728	$37,772

Footnote	Description
Footnote^*	Total Return (TR) - Reflects no deductions for fees, expenses or taxes.
Footnote^†	ACWI – All Country World Index

How did the Fund perform in the last year?

The Fund underperformed its blended benchmark, the Russell 3000 Index (80%) and the MSCI ACWI ex-U.S. Index (20%), for the 12-month period ending February 28, 2026. Fund performance was hampered by the underperformance of the international equity managers as their portfolios were tilted toward quality stocks, which significantly lagged the overall international markets during the reporting period. Within the Fund’s international equity segment, underweight allocations to the financials and energy sectors detracted from relative performance as those sectors performed well within the MSCI ACWI ex-U.S. Index.

Among the Fund’s sub-advisers, Lazard Asset Management underperformed as its international equity portfolio was tilted toward quality and was hampered by underweights to banks, energy, and materials stocks. Although Brickwood Asset Management benefited from its international value exposure, stock selection within the industrials sector of its international portfolio detracted from performance. Copeland Capital Management’s small-/mid-cap equity portfolio underperformed due to its lower beta (a measure of the volatility of a stock or other asset relative to a particular benchmark) positioning, higher-quality positioning, and stock selection within the financials sector. Leeward Investments benefited from stock selection within the information technology sector, while selection within the materials sector weighed on performance. Overall, Leeward Investments outperformed the Fund’s blended benchmark as small-cap value stocks generally outperformed for the period.

Brandywine Global Investment Management’s U.S. large-cap portfolio outperformed for the reporting period due to favorable stock selection within the consumer discretionary, consumer staples, and utilities sectors. Copeland Capital Management’s large-cap portfolio’s underperformance was attributable to its lower-beta and higher-quality positioning. Acadian Asset Management’s performance outpaced its U.S. equity benchmark due to favorable stock selection within the information technology sector, but lagged relative to the Fund’s blended benchmark because U.S. large cap stocks generally underperformed international markets for the period.

Average Annual Total Returns as of February 28, 2026

Table Summary
Fund/Index Name	1 Year	5 Years	10 Years
Catholic Values Equity Fund, Class F Shares	16.37%	10.02%	12.66%
S&P 500 Index (USD) (TR)^{Footnote Reference*}	16.99%	14.19%	15.50%
Russell 3000 Index (USD) (TR)^{Footnote Reference*}	17.02%	12.80%	15.08%
80/20 Russell 3000 & MSCI ACWI ex-U.S.^{Footnote Reference†}	21.36%	12.27%	14.21%

The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund during the last 10 years. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets (000's)	Number of Holdings	Total Advisory Fees Paid (000's)	Portfolio Turnover Rate
	$428,671	983	$1,673	21%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
Rights	0.0%
Futures Contracts	0.0%
Exchange-Traded Fund	0.0%
Cash Equivalent	1.3%
Real Estate	2.2%
Utilities	2.4%
Energy	3.6%
Materials	3.8%
Consumer Staples	6.5%
Health Care	8.2%
Communication Services	9.3%
Consumer Discretionary	10.0%
Industrials	13.6%
Financials	14.6%
Information Technology	24.0%

Footnote	Description
Footnote*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Apple Inc			3.0%
NVIDIA Corp			2.6%
Microsoft Corp			2.5%
Alphabet Inc, Cl A			2.1%
Broadcom Inc			1.5%
Amazon.com Inc			1.3%
Meta Platforms Inc, Cl A			1.1%
Alphabet Inc, Cl C			1.1%
JPMorgan Chase & Co			1.0%
Taiwan Semiconductor Manufacturing Co Ltd ADR			1.0%

Footnote	Description
Footnote(A)	Cash Equivalents are not shown in the top ten chart.

Material Fund Changes

There were no material changes to the Fund during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

610-676-1000
https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports
https://www.seic.com/mutual-fund-documentation/proxy-voting

Catholic Values Equity Fund

SEI Catholic Values Trust/Class F Shares - CAVAX

Annual Shareholder Report: February 28, 2026

CAVAX-AR-2026

Annual Shareholder Report: February 28, 2026

Catholic Values Equity Fund

SEI Catholic Values Trust/Class Y Shares - CAVYX

Fund Overview

This annual shareholder report contains important information about Catholic Values Equity Fund (the "Fund") Class Y Shares for the 12-month period ending February 28, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Values Equity Fund, Class Y Shares	$82	0.76%

How did the Fund perform during the last 10 years?

Total Return Based on $10,000 Investment

Table Summary
	Catholic Values Equity Fund, Class Y Shares	S&P 500 Index (USD) (TR)^{Footnote Reference*}	Russell 3000 Index (USD) (TR)^{Footnote Reference*}	80/20 Russell 3000 & MSCI ACWI ex-U.S.^{Footnote Reference†}
Feb/16	$10,000	$10,000	$10,000	$10,000
Feb/17	$12,528	$12,498	$12,629	$12,494
Feb/18	$14,915	$14,635	$14,678	$14,656
Feb/19	$15,021	$15,320	$15,419	$15,055
Feb/20	$15,363	$16,575	$16,484	$15,862
Feb/21	$20,562	$21,761	$22,307	$21,176
Feb/22	$22,375	$25,327	$25,049	$23,230
Feb/23	$20,716	$23,379	$23,027	$21,420
Feb/24	$25,075	$30,499	$29,613	$26,829
Feb/25	$28,563	$36,113	$34,806	$31,125
Feb/26	$33,275	$42,249	$40,728	$37,772

Footnote	Description
Footnote^*	Total Return (TR) - Reflects no deductions for fees, expenses or taxes.
Footnote^†	ACWI – All Country World Index

How did the Fund perform in the last year?

Average Annual Total Returns as of February 28, 2026

Table Summary
Fund/Index Name	1 Year	5 Years	10 Years
Catholic Values Equity Fund, Class Y Shares	16.50%	10.11%	12.77%
S&P 500 Index (USD) (TR)^{Footnote Reference*}	16.99%	14.19%	15.50%
Russell 3000 Index (USD) (TR)^{Footnote Reference*}	17.02%	12.80%	15.08%
80/20 Russell 3000 & MSCI ACWI ex-U.S.^{Footnote Reference†}	21.36%	12.27%	14.21%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets (000's)	Number of Holdings	Total Advisory Fees Paid (000's)	Portfolio Turnover Rate
	$428,671	983	$1,673	21%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
Rights	0.0%
Futures Contracts	0.0%
Exchange-Traded Fund	0.0%
Cash Equivalent	1.3%
Real Estate	2.2%
Utilities	2.4%
Energy	3.6%
Materials	3.8%
Consumer Staples	6.5%
Health Care	8.2%
Communication Services	9.3%
Consumer Discretionary	10.0%
Industrials	13.6%
Financials	14.6%
Information Technology	24.0%

Footnote	Description
Footnote*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Apple Inc			3.0%
NVIDIA Corp			2.6%
Microsoft Corp			2.5%
Alphabet Inc, Cl A			2.1%
Broadcom Inc			1.5%
Amazon.com Inc			1.3%
Meta Platforms Inc, Cl A			1.1%
Alphabet Inc, Cl C			1.1%
JPMorgan Chase & Co			1.0%
Taiwan Semiconductor Manufacturing Co Ltd ADR			1.0%

Footnote	Description
Footnote(A)	Cash Equivalents are not shown in the top ten chart.

Material Fund Changes

There were no material changes to the Fund during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

610-676-1000
https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports
https://www.seic.com/mutual-fund-documentation/proxy-voting

Catholic Values Equity Fund

SEI Catholic Values Trust/Class Y Shares - CAVYX

Annual Shareholder Report: February 28, 2026

CAVYX-AR-2026

Annual Shareholder Report: February 28, 2026

Catholic Values Fixed Income Fund

SEI Catholic Values Trust/Class F Shares - CFVAX

Fund Overview

This annual shareholder report contains important information about Catholic Values Fixed Income Fund (the "Fund") Class F Shares for the 12-month period ending February 28, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Values Fixed Income Fund, Class F Shares	$73	0.71%

How did the Fund perform during the last 10 years?

Total Return Based on $10,000 Investment

Table Summary
	Catholic Values Fixed Income Fund, Class F Shares	Bloomberg U.S. Aggregate Bond Index (USD) (TR)^{Footnote Reference*}
Feb/16	$10,000	$10,000
Feb/17	$10,311	$10,142
Feb/18	$10,401	$10,193
Feb/19	$10,744	$10,516
Feb/20	$11,956	$11,744
Feb/21	$12,225	$11,907
Feb/22	$11,946	$11,592
Feb/23	$10,667	$10,465
Feb/24	$10,963	$10,813
Feb/25	$11,545	$11,441
Feb/26	$12,235	$12,158

Footnote	Description
Footnote^*	Total Return (TR) - Reflects no deductions for fees, expenses or taxes.

How did the Fund perform in the last year?

The Fund modestly underperformed its benchmark, the Bloomberg U.S. Aggregate Bond Index, for the 12-month period ending February 28, 2026.

In the second half of 2025, the Federal Reserve (Fed) implemented three 25-basis-point (0.25%) interest-rate cuts, bringing the target range on the federal funds rate to a range of 3.50%-3.75% before pausing at its January 2026 meeting. Inflation was relatively stable during the reporting period. The core personal-consumption expenditures (PCE) price index, which tracks the prices that consumers pay for goods and services to reveal underlying inflation trends, rose 3.0% in December 2025 (the most recent reporting period), as evolving tariff policy during the year maintained pressure on consumer prices.

An overweight to agency mortgage-backed securities (MBS) contributed positively to Fund performance for the reporting period as the sector benefited from favorable technicals (statistical trends gathered from trading activity, such as price movement and volume) and interest-rate volatility, as measured by the Merrill Lynch Option Volatility Estimate (MOVE) index, declined over the reporting period. Security selection within the sector benefited performance as well. A slight underweight to corporates detracted from performance as credit spreads remained tight. Fund performance also was bolstered by an overweight to asset-backed securities (ABS), where the managers preferred prime tranches in auto loans and credit cards, as well as AAA rated collateralized loan obligations (CLOs). Additionally, an overweight to CMBS enhanced Fund performance. Detractors from performance included a slight overweight to taxable municipal bonds and an underweight to non-corporate bonds as emerging-market U.S. dollar-denominated sovereign bonds outperformed. A long duration posture benefited performance as U.S. Treasury yields moved lower across the curve. Among the Fund’s sub-advisers, Metropolitan West Asset Management, LLC benefited from an overweight to agency MBS and a long duration posture, while an underweight to corporate bonds detracted. Income Research + Management was bolstered by positioning within ABS, while an underweight to non-corporate bonds had a negative impact on performance.

Average Annual Total Returns as of February 28, 2026

Table Summary
Fund/Index Name	1 Year	5 Years	10 Years
Catholic Values Fixed Income Fund, Class F Shares	5.98%	0.02%	2.04%
Bloomberg U.S. Aggregate Bond Index (USD) (TR)^{Footnote Reference*}	6.26%	0.42%	1.97%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets (000's)	Number of Holdings	Total Advisory Fees Paid (000's)	Portfolio Turnover Rate
	$253,416	978	$706	321%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
Forwards	0.0%
Purchased Swaption	0.0%
Futures Contracts	0.0%
Consumer Staples	0.3%
Municipal Bonds	0.5%
Sovereign Debt	0.6%
Materials	0.6%
Health Care	0.8%
Information Technology	1.0%
Real Estate	1.0%
Energy	1.7%
Consumer Discretionary	1.9%
Industrials	2.1%
Communication Services	2.3%
Utilities	2.9%
Financials	8.6%
Asset-Backed Securities	11.6%
Cash Equivalent	11.7%
U.S. Treasury Obligations	32.1%
Mortgage-Backed Securities	38.8%

Footnote	Description
Footnote*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name	Coupon Rate	Maturity Date	Percentage of Total Net Assets^{Footnote Reference(A)}
U.S. Treasury Notes	3.500%	02/28/31	5.7%
U.S. Treasury Bonds	4.750%	02/15/56	4.0%
U.S. Treasury Notes	3.375%	02/29/28	3.8%
U.S. Treasury Notes	4.125%	02/15/36	2.1%
U.S. Treasury Bonds	4.875%	08/15/45	2.0%
UMBS	3.500%	03/15/56	1.9%
U.S. Treasury Notes	4.000%	05/31/30	1.2%
U.S. Treasury Notes	3.750%	02/28/33	1.2%
UMBS	4.000%	03/15/56	1.2%
U.S. Treasury Bonds	3.625%	05/15/53	1.1%

Footnote	Description
Footnote(A)	Cash Equivalents are not shown in the top ten chart.

Material Fund Changes

There were no material changes to the Fund during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

610-676-1000
https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports
https://www.seic.com/mutual-fund-documentation/proxy-voting

Catholic Values Fixed Income Fund

SEI Catholic Values Trust/Class F Shares - CFVAX

Annual Shareholder Report: February 28, 2026

CFVAX-AR-2026

Annual Shareholder Report: February 28, 2026

Catholic Values Fixed Income Fund

SEI Catholic Values Trust/Class Y Shares - CFVYX

Fund Overview

This annual shareholder report contains important information about Catholic Values Fixed Income Fund (the "Fund") Class Y Shares for the 12-month period ending February 28, 2026. You can find additional information about the Fund at https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports. You can also request this information by contacting us at 610-676-1000.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Values Fixed Income Fund, Class Y Shares	$63	0.61%

How did the Fund perform during the last 10 years?

Total Return Based on $10,000 Investment

Table Summary
	Catholic Values Fixed Income Fund, Class Y Shares	Bloomberg U.S. Aggregate Bond Index (USD) (TR)^{Footnote Reference*}
Feb/16	$10,000	$10,000
Feb/17	$10,332	$10,142
Feb/18	$10,443	$10,193
Feb/19	$10,786	$10,516
Feb/20	$12,002	$11,744
Feb/21	$12,295	$11,907
Feb/22	$12,024	$11,592
Feb/23	$10,743	$10,465
Feb/24	$11,038	$10,813
Feb/25	$11,636	$11,441
Feb/26	$12,344	$12,158

Footnote	Description
Footnote^*	Total Return (TR) - Reflects no deductions for fees, expenses or taxes.

How did the Fund perform in the last year?

The Fund modestly underperformed its benchmark, the Bloomberg U.S. Aggregate Bond Index, for the 12-month period ending February 28, 2026.

Average Annual Total Returns as of February 28, 2026

Table Summary
Fund/Index Name	1 Year	5 Years	10 Years
Catholic Values Fixed Income Fund, Class Y Shares	6.08%	0.08%	2.13%
Bloomberg U.S. Aggregate Bond Index (USD) (TR)^{Footnote Reference*}	6.26%	0.42%	1.97%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets (000's)	Number of Holdings	Total Advisory Fees Paid (000's)	Portfolio Turnover Rate
	$253,416	978	$706	321%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
Forwards	0.0%
Purchased Swaption	0.0%
Futures Contracts	0.0%
Consumer Staples	0.3%
Municipal Bonds	0.5%
Sovereign Debt	0.6%
Materials	0.6%
Health Care	0.8%
Information Technology	1.0%
Real Estate	1.0%
Energy	1.7%
Consumer Discretionary	1.9%
Industrials	2.1%
Communication Services	2.3%
Utilities	2.9%
Financials	8.6%
Asset-Backed Securities	11.6%
Cash Equivalent	11.7%
U.S. Treasury Obligations	32.1%
Mortgage-Backed Securities	38.8%

Footnote	Description
Footnote*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name	Coupon Rate	Maturity Date	Percentage of Total Net Assets^{Footnote Reference(A)}
U.S. Treasury Notes	3.500%	02/28/31	5.7%
U.S. Treasury Bonds	4.750%	02/15/56	4.0%
U.S. Treasury Notes	3.375%	02/29/28	3.8%
U.S. Treasury Notes	4.125%	02/15/36	2.1%
U.S. Treasury Bonds	4.875%	08/15/45	2.0%
UMBS	3.500%	03/15/56	1.9%
U.S. Treasury Notes	4.000%	05/31/30	1.2%
U.S. Treasury Notes	3.750%	02/28/33	1.2%
UMBS	4.000%	03/15/56	1.2%
U.S. Treasury Bonds	3.625%	05/15/53	1.1%

Footnote	Description
Footnote(A)	Cash Equivalents are not shown in the top ten chart.

Material Fund Changes

There were no material changes to the Fund during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

610-676-1000
https://www.seic.com/mutual-fund-documentation/prospectuses-and-reports
https://www.seic.com/mutual-fund-documentation/proxy-voting

Catholic Values Fixed Income Fund

SEI Catholic Values Trust/Class Y Shares - CFVYX

Annual Shareholder Report: February 28, 2026

CFVYX-AR-2026

(b)

Not applicable.

Item 2. Code of Ethics.

The Registrant has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions.

Item 3. Audit Committee Financial Expert.

(a) (1) The Registrant’s Board of Trustees has determined that the Registrant has one audit committee financial expert serving on the audit committee.

(a) (2) The audit committee financial expert is Susan C. Cote. Ms. Cote is independent as defined in Form N-CSR Item 3 (a) (2).

Item 4. Principal Accountant Fees and Services.

Fees billed by KPMG LLP (“KPMG”) related to the Registrant.

KPMG billed the Registrant aggregate fees for services rendered to the Registrant for the fiscal years 2025 and 2024 as follows:

		Fiscal Year 2026			Fiscal Year 2025
		All fees and services to the Registrant that were pre-approved	All fees and services to service affiliates that were pre-approved	All other fees and services to service affiliates that did not require pre-approval	All fees and services to the Registrant that were pre-approved	All fees and services to service affiliates that were pre-approved	All other fees and services to service affiliates that did not require pre-approval
(a)	Audit Fees⁽¹⁾	$60,564	$0	N/A	$58,800	$0	N/A
(b)	Audit-Related Fees	$0	$0	$0	$0	$0	$0
(c)	Tax Fees	$0	$0	$0	$0	$0	$0
(d)	All Other Fees⁽²⁾	$0	$306,118	$0	$0	$371,362	$0

Notes:

(1)

Audit fees include amounts related to the audit of the Registrant’s annual financial statements and services normally provided by the accountant in connection with statutory and regulatory filings.

(2)

Tax fees include amounts related to tax compliance and consulting services.

(3)

See Item 4(g) for a description of the services comprising the fees disclosed in this category.

(e)(1) The Registrant’s Audit Committee has adopted and the Board of Trustees has ratified an Audit and Non-Audit Services Pre-Approval Policy (the “Policy”), which sets forth the procedures and the conditions pursuant to which services proposed to be performed by the independent auditor of the Registrant may be pre-approved. In any instance where services require pre-approval, the Audit Committee will consider whether such services are consistent with SEC’s rules on auditor independence and whether the provision of such services would compromise the auditor’s independence.

The Policy provides that all requests or applications for proposed services to be provided by the independent auditor must be submitted to the Registrant’s Chief Financial Officer (“CFO”) and must include a detailed description of the services proposed to be rendered. The CFO will determine whether such services: (1) require specific pre-approval; (2) are included within the list of services that have received the general pre-approval of the Audit Committee pursuant to the Policy; or (3) have been previously pre-approved in connection with the independent auditor’s annual engagement letter for the applicable year or otherwise.

Requests or applications to provide services that require specific pre-approval by the Audit Committee will be submitted to the Audit Committee by the CFO. The Audit Committee has delegated specific pre-approval authority to either the Audit Committee Chair or financial experts, provided that the estimated fee for any such proposed pre-approved service does not exceed $100,000 and any pre-approval decisions are reported to the Audit Committee at its next regularly scheduled meeting.

Services that have received the general pre-approval of the Audit Committee are identified and described in the Policy. In addition, the Policy sets forth a maximum fee per engagement with respect to each identified service that has received general pre-approval. The Audit Committee will annually review and pre-approve the services that may be provided by the independent auditor during the following twelve months without obtaining specific pre-approval from the Audit Committee.

The Audit Committee will be informed by the CFO on a quarterly basis of all services rendered by the independent auditor.

All services to be provided by the independent auditor shall be provided pursuant to a signed written engagement letter with the Registrant, the investment advisor or applicable control affiliate (except that matters as to which an engagement letter would be impractical because of timing issues or because the matter is small may not be the subject of an engagement letter) that sets forth both the services to be provided by the independent auditor and the total fees (or the manner of their determination) to be paid to the independent auditor for those services.

In addition, the Audit Committee has determined to take additional measures on an annual basis to meet its responsibility to oversee the work of the independent auditor and to assure the auditor’s independence from the Registrant, such as reviewing a formal written statement from the independent auditor delineating all relationships between the independent auditor and the Registrant, and discussing with the independent auditor its methods and procedures for ensuring independence.

(e)(2) Percentage of fees billed applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows:

	Fiscal 2026	Fiscal 2025
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

(f) Not applicable.

(g)(1) The aggregate non-audit fees and services billed by KPMG for the fiscal years 2026 and 2025 were $306,118 and $371,362, respectively. Non-audit fees consist of a SSAE No. 16 review of fund accounting and administration operations and an attestation report in accordance with Rule 17Ad-13.

(h) During the past fiscal year, the Registrant’s principal accountant provided certain non-audit services to the Registrant’s investment adviser or to entities controlling, controlled by, or under common control with the Registrant’s investment adviser that provide ongoing services to the Registrant that were not subject to pre-approval pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X. The Audit Committee of the Registrant’s Board of Trustees reviewed and considered these non-audit services provided by the Registrant’s principal accountant to the Registrant’s affiliates, including whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence.

(i)

Not applicable.

(j)

Not applicable.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Schedules of Investments

(a)

The Schedules of Investments are included as part of the Financial Statements and Other Information filed under Item 7 of this form.

(b)

Not applicable.

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

Financial statements and financial highlights are filed herein.

February 28, 2026

ANNUAL FINANCIALS AND OTHER INFORMATION

SEI Catholic Values Trust

Catholic Values Equity Fund

Catholic Values Fixed Income Fund

seic.com

TABLE OF CONTENTS

Financial Statements (Form N-CSR Item 7)
Schedules of Investments	1
Statements of Assets and Liabilities	30
Statements of Operations	31
Statements of Changes in Net Assets	32
Financial Highlights	33
Notes to Financial Statements	34
Report of Independent Registered Public Accounting Firm	52
Notice to Shareholders (Unaudited)	53
Other Information (Form N-CSR Items 8-11)	54

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Equity Fund

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.5%
Communication Services — 9.3%
Alphabet Inc, Cl A		29,501	$	9,197
Alphabet Inc, Cl C		14,941		4,653
AT&T Inc		83,125		2,328
Charter Communications Inc, Cl A *		128		30
Comcast Corp, Cl A		33,569		1,039
Dentsu Group Inc *		25,900		489
DoubleVerify Holdings Inc *		3,676		39
Electronic Arts Inc		3,208		643
Fox Corp, Cl A		1,439		81
Fox Corp, Cl B		1,443		75
GCI Liberty, Cl C *		183		7
IAC Inc *		443		17
Iridium Communications Inc		2,536		61
ITV PLC		1,524,335		1,628
Liberty Broadband Corp, Cl C *		916		50
Liberty Global PLC, Cl C *		3,675		45
Live Nation Entertainment Inc *		323		52
Madison Square Garden Sports Corp *		191		63
Match Group Inc		514		16
Meta Platforms Inc, Cl A		7,389		4,789
Millicom International Cellular		2,134		156
Netflix Inc *		16,970		1,633
New York Times Co/The, Cl A		3,853		307
News Corp		6,196		151
Nexstar Media Group Inc, Cl A		397		100
Omnicom Group Inc		2,374		203
Pinterest Inc, Cl A *		5,993		103
ROBLOX Corp, Cl A *		693		48
Roku Inc, Cl A *		965		95
Scout24 SE		18,014		1,530
Sirius XM Holdings Inc		3,627		80
Snap Inc, Cl A *		10,061		52
Spotify Technology SA *		1,515		780
Springer Nature & KGaA		7,506		140
Take-Two Interactive Software Inc *		1		—
Telefonica Brasil SA		182,700		1,541
Telkom Indonesia Persero		385,600		81
Tencent Holdings Ltd		27,100		1,783
TKO Group Holdings Inc, Cl A		247		55
T-Mobile US Inc		3,282		713
Toei Animation Co Ltd		3,500		55
Trade Desk Inc/The, Cl A *		825		20
Trump Media & Technology Group Corp *		2,318		25
Universal Music Group NV		21,092		475
Verizon Communications Inc		23,288		1,168
Versant Media Group *		930		31
Walt Disney Co/The		14,630		1,551
Warner Bros Discovery Inc *		9,628		271
WPP PLC		328,001		1,210
ZoomInfo Technologies Inc, Cl A *		2,140		13
				39,672

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Consumer Discretionary — 9.8%
Abercrombie & Fitch Co, Cl A *		845	$	83
ADT Inc		5,625		45
Airbnb Inc, Cl A *		571		77
Amazon.com Inc *		25,529		5,361
Amer Sports Inc *		2,173		83
Aptiv PLC *		636		47
Aramark		2,596		109
Aumovio SE *		1,323		66
AutoNation Inc *		266		52
AutoZone Inc *		44		165
B&M European Value Retail		68,600		175
Bath & Body Works Inc		2,927		67
Best Buy Co Inc		976		60
Birkenstock Holding Plc *		9,860		411
Booking Holdings Inc		279		1,183
BorgWarner Inc		537		31
Bright Horizons Family Solutions Inc *		656		49
Brunswick Corp/DE		1,228		98
Burberry Group PLC *		94,941		1,481
Burlington Stores Inc *		404		124
CarMax Inc *		744		32
Carnival Corp		4,654		147
Carvana Co, Cl A *		77		26
Cheesecake Factory Inc/The		1,544		100
Chipotle Mexican Grill Inc, Cl A *		4,050		151
Choice Hotels International Inc		641		68
Columbia Sportswear Co		602		37
Continental AG		4,235		365
Coupang Inc, Cl A *		19,512		372
Crocs Inc *		590		53
Darden Restaurants Inc		375		80
Deckers Outdoor Corp *		3,426		402
Dick's Sporting Goods Inc		1,799		366
Dillard's Inc, Cl A		200		121
Dollarama Inc		10,506		1,547
Domino's Pizza Inc		173		70
DoorDash Inc, Cl A *		687		121
Dorman Products Inc *		812		96
DR Horton Inc		286		46
Duolingo Inc, Cl A *		223		23
eBay Inc		5,969		542
Etsy Inc *		427		23
Expedia Group Inc		485		105
Five Below Inc *		501		112
Floor & Decor Holdings Inc, Cl A *		974		67
Ford Motor Co		4,403		62
GameStop Corp, Cl A *		2,780		67
Gap Inc/The		4,895		137
Garmin Ltd		363		92
General Motors Co		14,570		1,147
Gentex Corp		2,705		63
Genuine Parts Co		393		47

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Grand Canyon Education Inc *		215	$	34
Group 1 Automotive		177		58
H&R Block Inc		2,629		80
Harley-Davidson Inc		2,089		38
Hasbro Inc		526		52
Hilton Worldwide Holdings Inc		2,280		711
Home Depot Inc/The		3,668		1,396
Hyatt Hotels Corp, Cl A		442		71
Installed Building Products Inc		367		120
InterContinental Hotels Group PLC		4,503		619
JD Sports Fashion PLC		705,977		776
Koito Manufacturing Co Ltd		7,800		141
Lear Corp		6,770		889
Levi Strauss, Cl A		3,610		80
Lithia Motors Inc, Cl A		418		117
LKQ Corp		1,209		40
Lowe's Cos Inc		3,887		1,028
Lucid Group, Cl A *		1,107		11
Lululemon Athletica Inc *		285		53
LVMH Moet Hennessy Louis Vuitton SE		2,605		1,663
Macy's Inc		595		12
Magna International Inc		17,925		1,130
Marriott International Inc/MD, Cl A		4,191		1,432
Mattel Inc *		910		15
McDonald's Corp		368		125
Mohawk Industries Inc *		721		90
Murphy USA Inc		644		252
NIKE Inc, Cl B		691		43
Norwegian Cruise Line Holdings Ltd *		2,379		59
NVR Inc *		8		60
Ollie's Bargain Outlet Holdings Inc *		655		70
On Holding, Cl A *		1,470		68
O'Reilly Automotive Inc *		2,115		199
Pandora		4,843		383
Penske Automotive Group Inc		420		66
Planet Fitness Inc, Cl A *		917		75
Pool Corp		3,236		735
PulteGroup Inc		48		7
PVH Corp		1,066		73
Ralph Lauren Corp, Cl A		847		307
Restaurant Brands International Inc		1,172		84
RH *		170		28
Rivian Automotive Inc, Cl A *		4,493		69
Ross Stores Inc		8,561		1,760
Royal Caribbean Cruises Ltd		765		238
Samsonite International SA		41,100		101
Service Corp International/US		1,305		110
Shimano Inc		1,300		139
Sodexo SA		2,663		146
Sonos *		4,340		67
Starbucks Corp		8,790		862
Steven Madden Ltd		2,716		98
Swatch Group AG/The		1,068		273

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Tapestry Inc		2,532	$	394
Tempur Sealy International Inc		2,754		246
Tesla Inc *		6,659		2,680
Texas Roadhouse Inc, Cl A		566		103
Thor Industries Inc		624		60
TJX Cos Inc/The		5,133		830
Toll Brothers Inc		603		95
TopBuild Corp *		268		120
Tractor Supply Co		7,140		370
Travel + Leisure Co		1,185		87
Ulta Beauty Inc *		642		440
Under Armour Inc, Cl A *		4,708		35
Urban Outfitters Inc *		1,035		68
Vail Resorts Inc		213		29
Valvoline Inc *		19,610		741
VF Corp		1,652		32
Victoria's Secret & Co *		1,498		94
Wayfair Inc, Cl A *		775		59
Wendy's Co/The		87,069		667
Whirlpool Corp		461		32
Williams-Sonoma Inc		1,110		228
Wingstop Inc		328		85
Wyndham Hotels & Resorts Inc		874		71
Yamaha Corp		97,400		755
YETI Holdings Inc *		1,751		77
Yum! Brands Inc		560		94
				42,099
Consumer Staples — 6.0%
Ambev SA		139,200		442
Archer-Daniels-Midland Co		4,487		310
Brown-Forman Corp, Cl B		1,103		32
Bunge Global SA		963		116
Campbell Soup Co		5,858		158
Casey's General Stores Inc		4,573		3,135
Clorox Co/The		495		63
Coca-Cola Co/The		9,869		805
Colgate-Palmolive Co		7,124		706
Conagra Brands Inc		40,224		774
Constellation Brands Inc, Cl A		371		58
Costco Wholesale Corp		2,332		2,357
Coty Inc, Cl A *		56,718		142
Darling Ingredients Inc *		1,535		82
Diageo ADR		6,503		582
Diageo PLC		57,339		1,283
Dollar General Corp		9,157		1,431
Dollar Tree Inc *		565		71
elf Beauty Inc *		322		30
Estee Lauder Cos Inc/The, Cl A		422		46
Flowers Foods Inc		2,694		27
General Mills Inc		7,218		326
Hershey Co/The		1,957		462
Hormel Foods Corp		2,233		57
Ingredion Inc		6,376		749

2	SEI Catholic Values Trust

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
J M Smucker Co/The		3,662	$	425
Kenvue		3,119		60
Keurig Dr Pepper Inc		1,806		55
Kimberly-Clark Corp		4,034		449
Kraft Heinz Co/The		1,549		38
Kroger Co/The		16,935		1,156
Lamb Weston Holdings Inc		1,288		62
LG H&H Co Ltd		3,697		686
Marzetti		634		104
McCormick & Co Inc/MD		1,882		134
MGP Ingredients Inc		213		4
Mondelez International Inc, Cl A		12,061		743
PepsiCo Inc		7,683		1,304
Performance Food Group Co *		132		13
Pernod Ricard SA		22,442		2,069
PriceSmart		800		124
Smithfield Foods		3,804		95
Sysco Corp		10,064		917
Target Corp		1,620		184
Unilever		27,409		2,012
US Foods Holding Corp *		1,216		117
Vita Coco *		874		51
Walmart Inc		6,031		772
				25,818
Energy — 3.6%
Antero Midstream Corp		5,338		120
Antero Resources Corp *		3,254		120
APA		4,165		127
Baker Hughes Co, Cl A		15,081		984
BP PLC		62,631		405
BP PLC ADR		29,443		1,144
Cactus Inc, Cl A		1,347		73
Canadian Natural Resources Ltd		30,641		1,341
Cheniere Energy Inc		3,034		715
Chesapeake Energy Corp		709		77
Chevron Corp		7,940		1,483
Chord Energy Corp		419		45
ConocoPhillips		8,966		1,017
Coterra Energy Inc		2,108		64
Devon Energy Corp		6,524		284
DHT Holdings		3,074		60
Diamondback Energy Inc		5,370		935
EOG Resources Inc		6,401		794
EQT Corp		6,571		404
Expro Group Holdings *		6,950		124
Exxon Mobil Corp		4,607		703
Halliburton Co		4,010		144
Helmerich & Payne Inc		1,476		52
HF Sinclair Corp		1,178		59
Kinder Morgan Inc		19,664		654
Marathon Petroleum Corp		2,427		481
NOV		5,911		120
Occidental Petroleum Corp		1,070		57

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
ONEOK Inc		2,578	$	213
Ovintiv Inc		1,218		62
Patterson-UTI Energy		6,641		57
Phillips 66		680		105
Range Resources Corp		2,464		102
Schlumberger NV		6,958		357
Shell PLC ADR		2,965		248
SM Energy		3,408		79
TechnipFMC PLC		2,005		133
Teekay Tankers, Cl A		1,258		98
Texas Pacific Land Corp		639		335
Transocean *		17,484		113
Valero Energy Corp		1,795		367
Viper Energy, Cl A		1,658		77
Weatherford International PLC		569		60
Williams Cos Inc/The		4,821		360
				15,352
Financials — 14.6%
Affiliated Managers Group Inc		631		193
Aflac Inc		1,184		134
AGNC Investment Corp ^‡		2,829		32
AIA Group Ltd		284,000		3,133
AIB Group PLC		161,704		1,677
Allstate Corp/The		648		139
Ally Financial Inc		2,235		88
American Express Co		2,128		657
American International Group Inc		1,000		81
Ameriprise Financial Inc		2,899		1,363
Annaly Capital Management Inc ^‡		43,682		1,015
Aon PLC, Cl A		3,145		1,055
Apollo Global Management Inc		658		69
Arch Capital Group Ltd *		2,300		230
Ares Management Corp, Cl A		3,298		369
Arthur J Gallagher & Co		272		62
Assurant Inc		485		111
Assured Guaranty Ltd		831		72
Axis Capital Holdings Ltd		1,754		185
Banco do Brasil SA		205,800		1,085
Bank of America Corp		46,941		2,339
Bank of New York Mellon Corp/The		6,146		732
Bank OZK		9,680		451
Berkshire Hathaway Inc, Cl B *		4,853		2,451
BlackRock Funding Inc/DE		75		80
Blackstone Inc		1,004		114
Block Inc, Cl A *		934		60
Blue Owl Capital Inc, Cl A		3,912		41
BOK Financial Corp		794		100
Brighthouse Financial Inc *		1,395		84
Brookfield Asset Management, Cl A		1,395		65
Brown & Brown Inc		3,440		247
Capital One Financial Corp		4,313		844
Carlyle Group Inc/The		1,855		96
Charles Schwab Corp/The		8,887		846

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Chimera Investment Corp ^‡		2,606	$	35
Chubb Ltd		1,561		532
Cincinnati Financial Corp		726		119
Citigroup Inc		31,926		3,518
Citizens Financial Group Inc		14,083		848
City Holding Co		679		81
CME Group Inc, Cl A		2,621		837
CNA Financial Corp		184		9
Cohen & Steers Inc		792		53
Columbia Banking System Inc		2,761		79
Commerce Bancshares Inc/MO		1,449		74
Credit Acceptance Corp *		209		99
Cullen/Frost Bankers Inc		599		83
East West Bancorp Inc		763		84
Equitable Holdings Inc		4,036		162
Euronet Worldwide Inc *		554		39
Evercore Inc, Cl A		786		243
Everest Group Ltd		248		83
FactSet Research Systems Inc		1,748		379
Fidelity National Information Services Inc		613		31
Fifth Third Bancorp		3,228		160
First American Financial Corp		1,122		79
First Citizens BancShares Inc/NC, Cl A		16		30
First Hawaiian Inc		1,924		48
First Horizon Corp		10,810		257
First Interstate BancSystem Inc, Cl A		2,479		86
Fiserv Inc *		689		43
FNB Corp/PA		6,290		107
Franklin Resources Inc		1,707		45
Gjensidige Forsikring ASA		4,629		131
Global Payments Inc		12,506		956
Globe Life Inc		573		83
Goldman Sachs Group Inc/The		712		612
Hamilton Lane Inc, Cl A		445		47
Hanover Insurance Group Inc/The		1,089		197
Hartford Financial Services Group Inc/The		4,339		611
HDFC Bank Ltd ADR		13,408		427
Home BancShares Inc/AR		2,656		73
Hong Kong Exchanges & Clearing Ltd		16,300		871
Houlihan Lokey Inc, Cl A		392		64
Huntington Bancshares Inc/OH		11,006		185
Independent Bank Corp		1,149		90
Intercontinental Exchange Inc		468		77
Invesco Ltd		3,179		84
Jack Henry & Associates Inc		408		66
Janus Henderson Group PLC		2,562		133
Jefferies Financial Group Inc		1,349		60
JPMorgan Chase & Co		14,941		4,487
KeyCorp		3,317		69
Kinsale Capital Group Inc		246		96
Lincoln National Corp		1,943		67
London Stock Exchange Group PLC		4,852		577
LPL Financial Holdings Inc		709		213

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
M&T Bank Corp		1,829	$	397
MarketAxess Holdings Inc		311		60
Marsh & McLennan Cos Inc		4,033		753
Mastercard Inc, Cl A		2,111		1,092
MetLife Inc		4,026		290
MGIC Investment Corp		7,078		188
Moody's Corp		1,812		865
Morgan Stanley		19,159		3,190
Morningstar Inc		253		46
MSCI Inc, Cl A		1,717		982
Nasdaq Inc		1,761		154
National Bank Holdings Corp, Cl A		845		34
NMI Holdings Inc, Cl A *		2,141		84
Northern Trust Corp		2,012		288
NU Holdings Ltd/Cayman Islands, Cl A *		8,157		122
Old National Bancorp/IN		5,074		117
Old Republic International Corp		2,551		109
OneMain Holdings Inc, Cl A		1,860		102
Partners Group Holding AG		1,085		1,205
PayPal Holdings Inc		1,175		54
Pinnacle Financial Partners		3,712		337
PNC Financial Services Group Inc/The		2,121		450
Popular Inc		6,211		841
Primerica Inc		683		173
Principal Financial Group Inc		1,152		110
Progressive Corp/The		3,512		750
Prosperity Bancshares Inc		1,900		134
Prudential Financial Inc		1,184		117
Raymond James Financial Inc		477		73
Regions Financial Corp		5,506		153
Reinsurance Group of America Inc		1		—
RenaissanceRe Holdings Ltd		345		104
Rithm Capital Corp ^‡		6,833		69
Rocket Cos Inc, Cl A		1,089		20
S&P Global Inc		1,983		876
SLM Corp		12,309		231
Starwood Property Trust Inc ^‡		4,020		72
State Street Corp		6,945		893
Stifel Financial Corp		1,052		78
Synchrony Financial		2,944		203
T Rowe Price Group Inc		674		64
Toast, Cl A *		615		17
TPG Inc, Cl A		2,239		97
Tradeweb Markets Inc, Cl A		874		108
Travelers Cos Inc/The		433		134
Truist Financial Corp		2,659		131
Univest Financial Corp		3,376		113
Unum Group		3,649		262
US Bancorp		1,600		87
UWM Holdings Corp		11,185		49
Virtu Financial Inc, Cl A		105		4
Visa Inc, Cl A		12,469		3,992
Voya Financial Inc		930		62

4	SEI Catholic Values Trust

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
W R Berkley Corp		2,109	$	151
Webster Financial Corp		5,867		423
Wells Fargo & Co		9,142		745
Western Alliance Bancorp		2,780		223
Western Union Co/The		12,682		122
WEX Inc *		324		48
White Mountains Insurance Group Ltd		78		173
Willis Towers Watson PLC		1,893		578
Wintrust Financial Corp		705		102
XP Inc, Cl A		17,472		376
Zions Bancorp NA		1,209		69
				62,765
Health Care — 8.2%
Acadia Healthcare Co Inc *		4,280		100
Align Technology Inc *		210		40
Apellis Pharmaceuticals Inc *		1,267		27
Argenx *		1,947		1,505
Avantor Inc *		11,406		103
Baxter International Inc		11,232		229
Boston Scientific Corp *		9,476		728
Cardinal Health Inc		3,870		887
Cencora Inc, Cl A		4,707		1,752
Centene Corp *		1,245		56
Certara Inc *		1,816		13
Chemed Corp		108		44
Cigna Group		269		78
Coloplast A/S, Cl B		12,100		937
CVS Health Corp		26,983		2,156
DaVita Inc *		703		110
DENTSPLY SIRONA Inc		54,192		795
Dexcom Inc *		5,879		432
Doximity Inc, Cl A *		19		—
Edwards Lifesciences Corp *		8,452		731
Elanco Animal Health Inc *		35,418		935
Elevance Health Inc		1,721		551
Encompass Health Corp		13,646		1,472
Ensign Group Inc/The		480		103
Envista Holdings Corp *		21,480		627
EssilorLuxottica SA		4,021		1,063
Exact Sciences Corp *		2,022		209
Exelixis Inc *		13,403		590
Globus Medical Inc, Cl A *		1,245		119
Halozyme Therapeutics *		1,463		102
Henry Schein Inc *		931		77
Hologic Inc *		1,306		98
Hoya Corp		10,100		1,825
Humana Inc		514		98
ICON PLC *		1,220		132
IDEXX Laboratories Inc *		1,359		892
Incyte Corp *		7,222		731
Insmed *		343		51
Inspire Medical Systems Inc *		867		56
Insulet Corp *		385		95

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Integra LifeSciences Holdings Corp *		64,998	$	740
Intuitive Surgical Inc *		1,937		975
Ionis Pharmaceuticals Inc *		1,566		127
IQVIA Holdings Inc *		267		48
Jazz Pharmaceuticals PLC *		4,950		941
Labcorp Holdings Inc		288		83
LeMaitre Vascular Inc		1,045		113
M3 Inc		18,600		204
Masimo Corp *		645		113
Medpace Holdings Inc *		143		65
Medtronic PLC		15,049		1,470
Mettler-Toledo International Inc *		631		862
Molina Healthcare Inc *		1		—
Natera Inc *		466		97
Neurocrine Biosciences Inc *		4,676		618
Option Care Health Inc *		2,507		81
Penumbra Inc *		330		114
Prestige Consumer Healthcare Inc *		14,563		1,009
Quest Diagnostics Inc		2,735		580
QuidelOrtho Corp *		738		17
Repligen Corp *		2,688		346
ResMed Inc		2,818		722
Royalty Pharma PLC, Cl A		3,976		184
Sotera Health Co *		5,022		82
STERIS PLC		6,431		1,623
Stryker Corp		2,405		932
Teleflex Inc		1,029		126
US Physical Therapy Inc		80		7
Veeva Systems Inc, Cl A *		1,171		213
Viking Therapeutics Inc *		1,379		47
Waters Corp *		2,199		702
West Pharmaceutical Services Inc		236		60
Zimmer Biomet Holdings Inc		5,327		524
Zoetis Inc, Cl A		7,352		964
				35,338
Industrials — 13.6%
A O Smith Corp		943		74
AAON Inc		809		82
Acuity Brands Inc		561		169
AECOM		1,218		119
AerCap Holdings NV		13,116		1,960
AGCO Corp		675		92
Air Lease Corp, Cl A		6,874		446
Alaska Air Group Inc *		2,479		128
Allegion plc		536		86
Allison Transmission Holdings Inc		652		82
American Airlines Group Inc *		4,404		58
AMETEK Inc		392		94
AP Moller - Maersk A/S, Cl B		761		1,888
API Group *		1,182		53
Applied Industrial Technologies		331		94
Armstrong World Industries Inc		1,080		187
Assa Abloy AB, Cl B		45,170		1,924

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Atmus Filtration Technologies		1,560	$	101
Automatic Data Processing Inc		4,605		987
Avis Budget Group Inc *		323		32
Axon Enterprise *		115		62
AZZ		371		50
Booz Allen Hamilton Holding Corp, Cl A		7,122		561
Brady, Cl A		1,042		96
Broadridge Financial Solutions Inc		381		71
CACI International Inc, Cl A *		373		228
Carlisle Cos Inc		402		159
Carrier Global Corp		2,640		170
Caterpillar Inc		256		190
CH Robinson Worldwide Inc		994		184
Cintas Corp		7,452		1,499
Clarivate PLC *		9,578		22
Clean Harbors Inc *		334		98
CNH Industrial NV		58,813		723
Comfort Systems USA Inc		222		317
Computershare Ltd		12,046		266
Concentrix Corp		404		13
Copart Inc *		3,236		123
Core & Main Inc, Cl A *		1,847		100
CSX Corp		4,524		193
Cummins Inc		1,667		973
Deere & Co		1,717		1,081
Delta Air Lines Inc		4,577		301
Diploma PLC		8,463		645
Donaldson Co Inc		397		37
Doosan Bobcat Inc		5,222		236
Dover Corp		1,366		308
Eaton Corp PLC		2,813		1,058
EMCOR Group Inc		908		658
Emerson Electric Co		1,607		242
Enerpac Tool Group Corp, Cl A		21,326		870
Enpro Inc		439		114
Enviri Corp *		59,545		1,127
Everus Construction Group *		541		65
ExlService Holdings Inc *		5,410		169
Expeditors International of Washington Inc		896		130
Experian PLC		34,322		1,289
Fastenal Co		2,256		104
FedEx Corp		2,248		870
Ferguson Enterprises Inc		409		107
Flowserve Corp		1,306		116
Fortive Corp		627		37
Fortune Brands Innovations Inc		945		51
FTI Consulting Inc *		918		151
Gates Industrial Corp PLC *		5,238		144
GE Vernova		152		133
Generac Holdings Inc *		427		96
Genpact Ltd		15,156		602
GFL Environmental Inc		1,503		66
Graco Inc		401		38

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
GXO Logistics Inc *		1,412	$	89
Hayward Holdings Inc *		5,405		87
Hexcel Corp		2,057		191
Howmet Aerospace Inc		2,891		759
Hubbell Inc, Cl B		100		51
Huron Consulting Group Inc *		270		38
IDEX Corp		425		89
Illinois Tool Works Inc		3,263		948
IMCD NV		459		44
Ingersoll Rand Inc		1,197		113
ITT Inc		1,117		226
Jacobs Solutions		563		78
JB Hunt Transport Services Inc		477		111
Johnson Controls International plc		7,332		1,058
KBR		1,312		55
Kennametal		8,260		333
Kirby Corp *		2,029		263
Knight-Swift Transportation Holdings Inc, Cl A		1,117		70
Korn Ferry		1,643		103
Landstar System Inc		336		55
Lennox International Inc		194		111
LG Corp		2,259		169
Lincoln Electric Holdings Inc		809		232
Lyft Inc, Cl A *		1,618		22
ManpowerGroup Inc		12,901		361
Masco Corp		1,109		79
MasTec Inc *		492		147
Middleby Corp/The *		535		90
MSA Safety Inc		401		78
MSC Industrial Direct Co Inc, Cl A		5,596		525
Mueller Industries		970		114
Nordson Corp		843		247
Norfolk Southern Corp		420		132
nVent Electric PLC		2,436		288
Old Dominion Freight Line Inc		3,432		697
Oshkosh Corp		1,137		193
Otis Worldwide Corp		7,693		712
Owens Corning		445		54
PACCAR Inc		689		87
Parker-Hannifin Corp		128		129
Paychex Inc		550		52
Paycom Software Inc		217		27
Paylocity Holding Corp *		467		50
Pentair PLC		793		79
Quanta Services Inc		191		108
Rational		305		264
RB Global Inc		1,099		111
Recruit Holdings Co Ltd		28,400		1,236
Regal Rexnord Corp		2,400		530
RELX PLC		41,847		1,454
Republic Services Inc, Cl A		700		160
Robert Half Inc		6,794		166

6	SEI Catholic Values Trust

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Rockwell Automation Inc		1,053	$	429
Rollins Inc		2,023		123
Ryder System Inc		2,375		526
Saia Inc *		191		77
Schneider National Inc, Cl B		2,470		70
Science Applications International Corp		487		45
Sensata Technologies Holding PLC		19,657		734
Signify NV		61,205		1,425
Simpson Manufacturing Co Inc		408		79
SiteOne Landscape Supply Inc *		487		70
SMS Co Ltd		7,300		82
Snap-on Inc		234		90
Societe BIC SA		942		61
Southwest Airlines Co		1,122		55
SS&C Technologies Holdings Inc		1,126		85
Standex International Corp		1,819		477
Stanley Black & Decker Inc		3,000		260
Swire Pacific Ltd, Cl A		14,000		150
Teleperformance		29,066		1,756
Tetra Tech Inc		6,340		227
Timken Co/The		1,209		131
Toro Co/The		721		71
Toromont Industries Ltd		8,595		1,334
Trane Technologies PLC		2,151		995
TransDigm Group Inc		58		76
TransUnion		974		77
Trex Co Inc *		956		40
Uber Technologies Inc *		4,045		305
UniFirst Corp/MA		449		105
Union Pacific Corp		3,457		916
United Airlines Holdings Inc *		1,164		124
United Parcel Service Inc, Cl B		5,859		679
United Rentals Inc		308		259
Valmont Industries Inc		1,047		482
Veralto		714		70
Verisk Analytics Inc, Cl A		474		98
Vertiv Holdings Co, Cl A		4,580		1,167
Waste Connections Inc		5,930		1,021
Waste Management Inc		3,691		889
Watsco Inc		331		138
WESCO International Inc		964		279
Westinghouse Air Brake Technologies Corp		3,665		967
WillScot Holdings Corp		1,711		37
Wolters Kluwer NV		5,498		444
Woodward Inc		405		157
WW Grainger Inc		742		849
Xylem Inc/NY		5,273		683
				58,278
Information Technology — 24.0%
Accenture PLC, Cl A		7,320		1,528
Adobe Inc *		3,317		870
Advanced Micro Devices Inc *		5,829		1,167
Akamai Technologies Inc *		738		73

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Allegro MicroSystems Inc *		1,597	$	58
Amdocs Ltd		872		61
Amphenol Corp, Cl A		14,495		2,117
Analog Devices Inc		858		305
Appfolio Inc, Cl A *		282		50
Apple Inc		48,546		12,825
Applied Materials Inc		3,824		1,424
AppLovin Corp, Cl A *		138		60
Arista Networks Inc *		8,717		1,164
Arrow Electronics Inc *		1,030		157
ASML Holding NV		1,614		2,346
Astera Labs *		491		58
Atlassian Corp, Cl A *		1		—
Autodesk Inc *		334		82
Avnet Inc		2,918		192
Belden Inc		657		94
Bentley Systems Inc, Cl B		2,299		84
BILL Holdings Inc *		845		38
Blackbaud *		912		44
Broadcom Inc		20,336		6,498
Brother Industries Ltd		78,700		1,626
Cadence Design Systems Inc *		832		251
CCC Intelligent Solutions Holdings Inc *		6,338		37
CDW Corp/DE		4,127		506
Check Point Software Technologies Ltd *		8,991		1,367
Ciena Corp *		1,878		655
Cirrus Logic Inc *		1,236		174
Cisco Systems Inc		17,813		1,415
Cloudflare Inc, Cl A *		406		70
Cognex Corp		6,582		358
Cognizant Technology Solutions Corp, Cl A		869		56
Coherent Corp *		779		202
Cohu Inc *		37,299		1,126
Confluent Inc, Cl A *		550		17
Crane NXT Co		1,165		56
Crowdstrike Holdings Inc, Cl A *		213		79
Datadog Inc, Cl A *		1,075		120
Dell Technologies Inc, Cl C		503		75
DocuSign Inc, Cl A *		497		22
Dolby Laboratories Inc, Cl A		11,870		790
Dropbox Inc, Cl A *		2,225		56
DXC Technology Co *		60,054		756
Dynatrace Inc *		1,411		51
Elastic NV *		642		33
Enphase Energy Inc *		1,799		76
Entegris Inc		553		73
F5 Inc *		506		137
Fair Isaac Corp *		42		59
First Solar Inc *		334		66
Flex *		1,535		97
Fortinet Inc *		1,010		80
Gartner Inc *		205		32
Gen Digital Inc		2,665		60

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Gitlab Inc, Cl A *		1,223	$	32
GLOBALFOUNDRIES Inc *		1,155		55
Globant SA *		146		7
GoDaddy Inc, Cl A *		4,243		370
Guidewire Software Inc *		649		94
Halma PLC		31,873		1,789
Harmonic Inc *		115,401		1,227
Hewlett Packard Enterprise Co		35,066		753
Hexagon AB, Cl B		14,037		160
HP Inc		22,192		421
HubSpot Inc *		83		22
Ingram Micro Holding Corp		3,776		78
Intel Corp *		4,726		216
International Business Machines Corp		1,393		335
Intuit Inc		3,888		1,590
IPG Photonics Corp *		692		91
Jabil Inc		593		157
Keyence Corp		400		169
Keysight Technologies Inc *		2,282		701
KLA Corp		279		425
Kulicke & Soffa Industries Inc		1,690		118
Kyndryl Holdings Inc *		7,926		98
Lam Research Corp		8,380		1,960
Lattice Semiconductor Corp *		1,274		122
Littelfuse Inc		331		117
Lotes Co Ltd		12,000		674
Lumentum Holdings Inc *		2,341		1,641
Manhattan Associates Inc *		64		9
Marvell Technology Inc		8,769		716
Micron Technology Inc		5,367		2,213
Microsoft Corp		26,866		10,551
MongoDB Inc, Cl A *		261		86
Monolithic Power Systems Inc		1,301		1,487
Motorola Solutions Inc		3,609		1,741
nCino Inc *		762		12
NetApp Inc		1,531		152
Nokia Oyj		241,981		1,856
Nutanix Inc, Cl A *		1,091		42
NVIDIA Corp		62,481		11,071
Okta Inc, Cl A *		276		20
ON Semiconductor Corp *		5,929		394
Onto Innovation Inc *		318		69
Oracle Corp		3,681		535
Palantir Technologies Inc, Cl A *		1,017		140
Palo Alto Networks Inc *		2		—
Pegasystems Inc		1,588		69
Power Integrations Inc		800		38
Procore Technologies Inc *		905		50
PTC Inc *		1		—
Pure Storage Inc, Cl A *		1,198		77
Qnity Electronics Inc		2,206		280
Qorvo *		980		81
QUALCOMM Inc		5,344		761

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Ralliant		209	$	10
RingCentral Inc, Cl A *		199		7
Rogers Corp *		596		64
Roper Technologies Inc		137		48
Salesforce Inc		11,505		2,241
SANDISK CORP *		301		191
SAP SE		9,782		1,964
Seagate Technology Holdings		526		215
SentinelOne Inc, Cl A *		3,347		44
ServiceNow Inc *		1,385		150
Silicon Laboratories Inc *		508		104
Skyworks Solutions Inc		606		36
Snowflake Inc, Cl A *		867		146
Super Micro Computer Inc *		780		25
Synopsys Inc *		156		65
Taiwan Semiconductor Manufacturing Co Ltd ADR		11,957		4,479
TD SYNNEX Corp		404		63
TE Connectivity		436		100
Teledyne Technologies Inc *		157		107
Teradata Corp *		1,199		38
Teradyne Inc		560		179
Texas Instruments Inc		407		86
TOTVS SA		200,200		1,478
Trimble Inc *		1,500		100
Twilio Inc, Cl A *		463		56
Tyler Technologies Inc *		122		43
Ubiquiti Inc		183		140
UiPath Inc, Cl A *		4,862		52
Unity Software Inc *		585		11
Universal Display Corp		2,942		314
VeriSign Inc		2,820		643
Viavi Solutions Inc *		12,881		383
Vontier Corp		7,338		300
Western Digital Corp		2,446		684
Workday Inc, Cl A *		1,592		213
Zebra Technologies Corp, Cl A *		677		152
Zoom Video Communications Inc, Cl A *		186		14
Zscaler Inc *		487		72
				102,762
Materials — 3.8%
Air Products and Chemicals Inc		2,804		773
Albemarle Corp		467		83
Alcoa Corp		4,724		293
Amcor		3,272		158
AptarGroup Inc		1,090		157
Ashland		1,507		94
Avery Dennison Corp		548		108
Axalta Coating Systems Ltd *		19,933		666
Ball Corp		927		62
Cabot Corp		1,164		89
Celanese Corp, Cl A		3,090		154
CF Industries Holdings Inc		921		92

8	SEI Catholic Values Trust

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Cleveland-Cliffs Inc *		4,585	$	49
Corteva Inc		1,306		105
CRH PLC		939		113
Crown Holdings Inc		5,279		605
Dow Inc		975		30
DuPont de Nemours Inc		9,451		473
Eastman Chemical Co		1,202		91
Ecolab Inc		1,645		507
Element Solutions Inc		5,641		198
FMC Corp		55,803		822
Freeport-McMoRan Inc		5,276		359
Graphic Packaging Holding Co		4,953		61
Huntsman Corp		4,477		57
Ingevity Corp *		1,326		95
Innospec Inc		1,185		91
International Flavors & Fragrances Inc		737		61
International Paper Co		1,238		54
James Hardie Industries *		2,489		61
Linde PLC		2,441		1,240
Louisiana-Pacific Corp		1,691		143
LyondellBasell Industries NV, Cl A		607		35
Martin Marietta Materials Inc		1,338		905
Mondi		20,123		240
Mosaic Co/The		2,498		69
NewMarket Corp		145		91
Newmont Corp		8,630		1,122
Nucor Corp		870		154
O-I Glass Inc, Cl I *		8,446		113
Packaging Corp of America		472		110
PPG Industries Inc		510		63
Reliance Inc		4,921		1,553
Rio Tinto Ltd		16,964		2,019
Royal Gold Inc		466		140
Scotts Miracle-Gro Co/The		796		56
Sealed Air Corp		1,831		77
Sherwin-Williams Co/The		1,808		656
Smurfit WestRock PLC		5,158		242
Sonoco Products Co		903		51
Steel Dynamics Inc		1,777		343
Syensqo SA		2,051		117
Vulcan Materials Co		363		112
				16,212
Real Estate — 2.2%
Agree Realty ^‡		1,136		91
Alexandria Real Estate Equities Inc ^‡		322		17
American Homes 4 Rent, Cl A ^‡		2,436		73
American Tower Corp ^‡		956		183
Americold Realty Trust Inc ^‡		1,965		26
AvalonBay Communities Inc ^‡		909		161
Brixmor Property Group Inc ^‡		4,961		150
BXP Inc ^‡		2,949		170
Camden Property Trust ^‡		465		50
CareTrust REIT ^‡		2,326		95

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
CBRE Group Inc, Cl A *		5,245	$	775
COPT Defense Properties ^‡		3,768		120
CoStar Group Inc *		712		32
Cousins Properties Inc ^‡		2,645		61
Crown Castle Inc ^‡		4,114		368
CTO Realty Growth ^‡		7,312		142
CubeSmart ^‡		1,472		61
Digital Realty Trust Inc ^‡		437		77
EastGroup Properties Inc ^‡		635		125
EPR Properties ^‡		933		55
Equinix Inc ^‡		1,087		1,059
Equity LifeStyle Properties Inc ^‡		1,548		104
Equity Residential ^‡		780		49
Essex Property Trust Inc ^‡		187		48
Extra Space Storage Inc ^‡		460		70
Federal Realty Investment Trust ^‡		402		44
First Industrial Realty Trust Inc ^‡		1,196		76
FirstService Corp		5,741		905
Healthcare Realty Trust, Cl A ^‡		3,026		56
Healthpeak Properties Inc ^‡		9,791		173
Highwoods Properties Inc ^‡		2,287		51
Host Hotels & Resorts Inc ^‡		9,310		182
Howard Hughes Holdings Inc *		411		30
Invitation Homes ^‡		1,905		50
Iron Mountain Inc ^‡		713		77
Jones Lang LaSalle Inc *		410		129
Kilroy Realty Corp ^‡		811		24
Kimco Realty Corp ^‡		2,506		59
Lamar Advertising Co, Cl A ^‡		862		119
Lineage ^‡		1,425		58
Medical Properties Trust ^‡		9,727		56
Mid-America Apartment Communities Inc ^‡		482		65
Millrose Properties		270		8
National Storage Affiliates Trust ^‡		1,555		54
Newmark Group Inc, Cl A		4,999		73
NNN REIT Inc ^‡		993		45
Omega Healthcare Investors ^‡		3,004		145
Park Hotels & Resorts Inc ^‡		5,035		57
Prologis Inc ^‡		6,809		971
Public Storage ^‡		298		92
Rayonier Inc ^‡		3,045		65
Realty Income Corp ^‡		1,634		110
Regency Centers Corp ^‡		826		65
Rexford Industrial Realty Inc ^‡		1,192		45
Ryman Hospitality Properties Inc ^‡		528		52
SBA Communications Corp, Cl A ^‡		1,053		212
Simon Property Group Inc ^‡		566		115
St. Joe		767		55
STAG Industrial Inc ^‡		1,910		75
Sun Communities ^‡		392		54
Terreno Realty Corp ^‡		812		54
UDR Inc ^‡		2,288		86
Ventas Inc ^{^‡}		1,890		163

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Equity Fund (Concluded)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Vornado Realty Trust ^‡		765	$	21
Welltower Inc ^‡		1,757		364
Weyerhaeuser Co ^‡		2,954		72
WP Carey ^‡		1,197		89
Zillow Group Inc, Cl C *		1,230		55
				9,513
Utilities — 2.4%
AES Corp/The		4,013		69
Alliant Energy Corp		1,828		132
Ameren Corp		786		89
American Electric Power Co Inc		1,847		247
American Water Works Co Inc		2,358		321
Brookfield Infrastructure, Cl A		1,361		68
Brookfield Infrastructure Partners		2,262		88
Brookfield Renewable, Cl A		3,044		130
CenterPoint Energy Inc		2,040		89
Chesapeake Utilities		372		51
CMS Energy Corp		5,948		464
Consolidated Edison Inc		3,038		342
Constellation Energy Corp		369		122
Duke Energy Corp		2,448		320
Edison International		7,451		557
Entergy Corp		1,190		128
Essential Utilities Inc		1,211		48
Evergy Inc		833		70
Eversource Energy		5,900		450
Exelon Corp		15,856		784
FirstEnergy Corp		11,167		571
IDACORP Inc, Cl Rights		994		143
MDU Resources Group Inc		2,166		45
National Fuel Gas Co		1,319		120
NextEra Energy Inc		11,934		1,119
NiSource Inc		1,440		68
NRG Energy Inc		6,378		1,142
OGE Energy Corp		2,708		133
Pinnacle West Capital Corp		566		57
Portland General Electric		952		51
PPL Corp		21,652		844
Public Service Enterprise Group Inc		1,010		87
Sempra		5,694		548
Spire Inc		978		90
UGI Corp		1,904		71
Vistra Corp		1,148		200
WEC Energy Group Inc		737		86

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Xcel Energy Inc		3,243	$	270
				10,214

Total Common Stock
(Cost $261,374) ($ Thousands)				418,023

PREFERRED STOCK — 0.7%

Consumer Discretionary — 0.2%
Volkswagen AG (A)		6,538		777

Consumer Staples — 0.5%
Henkel AG & Co KGaA (A)		19,130		1,875

Financials — 0.0%
JPMorgan Chase, 4.200% (B)		4,555		84
M&T Bank, 7.500% (B)		1,859		50
				134

Total Preferred Stock
(Cost $2,282) ($ Thousands)				2,786

EXCHANGE-TRADED FUND — 0.0%

Domestic Equity — 0.0%
iShares Russell 2000 Value ETF		478		95

Total Exchange-Traded Fund
(Cost $78) ($ Thousands)				95

	Number of Rights
RIGHTS — 0.0%
Health Care — 0.0%
Abiomed Inc *^‡‡(C)		297	–
Total Rights
(Cost $—) ($ Thousands)			–

	Shares
CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Institutional Class
3.480%**^†		5,670,443		5,670
Total Cash Equivalent
(Cost $5,670) ($ Thousands)				5,670
Total Investments in Securities — 99.5%
(Cost $269,404) ($ Thousands)			$	426,574

10	SEI Catholic Values Trust

A list of the open futures contracts held by the Fund at February 28, 2026, is as follows:

Type of Contract	Number of Contracts		Expiration Date	Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation(Thousands)
Long Contracts
S&P 500 Index E-Mini		17	Mar-2026	$	5,854	$	5,855	$	1

Percentages are based on Net Assets of $428,671 ($ Thousands).
^*	Non-income producing security.
^**	The rate reported is the 7-day effective yield as of February 28, 2026.
^†	Investment in Affiliated Security (see Note 5).
^‡	Real Estate Investment Trust.
^(A)	No interest rate available.
^(B)	Perpetual security with no stated maturity date.
^(C)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
^‡‡	Expiration date not available.

ADR — American Depositary Receipt

Cl — Class

ETF — Exchange-Traded Fund

Ltd. — Limited

NASDAQ – National Association of Securities Dealers and Automated Quotations

PLC — Public Limited Company

REIT — Real Estate Investment Trust

S&P— Standard & Poor's

The following is a summary of the level of inputs used as of February 28, 2026, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)⁽¹⁾

Total
($)

Common Stock

418,023

–

418,023

Preferred Stock

2,786

–

2,786

Exchange-Traded Fund

–

Rights

–

Cash Equivalent

5,670

–

5,670

Total Investments in Securities

426,574

–

426,574

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Futures Contracts*

Unrealized Appreciation

–

Total Other Financial Instruments

–

⁽¹⁾	A reconciliation of Level 3 instruments is presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to the net assets. Management has concluded that Level 3 investments are not material in relation to net assets.
^{^}	This category includes securities with a value of $0.
^*	Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

The following is a summary of the Fund’s transactions with affiliates for the year ended February 28, 2026 ($ Thousands):

Security Description		Value 2/28/2025				Purchases at Cost				Proceeds from Sales				Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Value 2/28/2026				Income				Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class		$	6,745			$	41,836			$	(42,911	)		$	—			$	—			$	5,670			$	244			$	—

Amounts designated as "-" are $0.

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

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Fixed Income Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES — 38.8%
Agency Mortgage-Backed Obligations — 29.9%
FHLMC
6.000%, 03/01/2035 to 07/01/2040	$	178	$	186
5.500%, 04/01/2030 to 02/01/2054		1,545		1,596
5.000%, 06/01/2041 to 05/01/2053		890		903
4.500%, 06/01/2038 to 01/01/2054		2,617		2,604
4.000%, 07/01/2037 to 02/01/2053		2,374		2,326
3.500%, 04/01/2034 to 11/01/2052		1,388		1,327
3.000%, 06/01/2034 to 06/01/2052		2,551		2,387
2.500%, 01/01/2050 to 05/01/2052		4,272		3,769
2.000%, 07/01/2041 to 04/01/2052		2,660		2,243
FHLMC ARM
6.288%, RFUCCT1Y + 1.595%, 06/01/2047(A)		52		54
6.233%, RFUCCT1Y + 1.619%, 10/01/2046(A)		121		125
FHLMC CMO, Ser 2018-4813, Cl CJ
3.000%, 08/15/2048		44		39
FHLMC CMO, Ser 2020-5038, Cl PJ
0.750%, 10/25/2050		259		193
FHLMC CMO, Ser 2022-5224, Cl HL
4.000%, 04/25/2052		200		191
FHLMC CMO, Ser 2022-5230, Cl PE
2.000%, 12/25/2051		100		85
FHLMC CMO, Ser 2024-5473, Cl BF
4.967%, SOFR30A + 1.300%, 11/25/2054(A)		239		242
FHLMC Multifamily Structured Pass Through Certificates, Ser K544, Cl A2
4.266%, 07/25/2030(A)		585		596
FHLMC Multifamily Structured Pass-Through Certificates, Ser 2021-K124, Cl X1, IO
0.714%, 12/25/2030(A)		2,963		86
FNMA
5.500%, 08/01/2049 to 11/01/2053		1,650		1,702
5.000%, 11/01/2049 to 11/01/2054		2,924		2,984
4.500%, 07/01/2033 to 01/01/2059		5,228		5,222
4.000%, 01/01/2037 to 06/01/2057		4,899		4,797
3.500%, 05/01/2037 to 05/01/2052		3,195		3,064
3.000%, 11/01/2034 to 09/01/2061		3,170		2,927
2.500%, 01/01/2032 to 04/01/2052		5,272		4,769
2.000%, 01/01/2042 to 03/01/2052		3,906		3,278
FNMA ARM
6.369%, RFUCCT1Y + 1.592%, 04/01/2047(A)		66		68
FNMA CMO, Ser 2012-118, Cl VZ
3.000%, 11/25/2042		102		96
FNMA CMO, Ser 2014-6, Cl Z
2.500%, 02/25/2044		124		112
FNMA CMO, Ser 2020-56, Cl AQ
2.000%, 08/25/2050		197		163
FNMA CMO, Ser 2020-57, Cl TA
2.000%, 04/25/2050		38		34

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA TBA
4.500%, 03/15/2056	$	1,600	$	1,582
3.000%, 03/15/2045		275		249
GNMA
5.500%, 11/20/2052 to 08/20/2053		1,150		1,175
5.000%, 11/20/2048 to 10/20/2053		1,175		1,185
4.500%, 01/15/2042 to 09/20/2052		1,281		1,290
4.000%, 08/15/2045 to 10/20/2052		943		919
3.500%, 04/20/2046 to 02/20/2052		574		548
3.000%, 09/20/2046 to 04/20/2052		273		253
2.500%, 09/20/2051		783		691
2.000%, 02/20/2052		580		491
GNMA CMO, Ser 2012-34, Cl SA, IO
2.268%, 03/20/2042(A)		48		5
GNMA CMO, Ser 2021-188, Cl PA
2.000%, 10/20/2051		222		187
GNMA CMO, Ser 2021-223, Cl P
2.000%, 06/20/2051		70		62
GNMA CMO, Ser 2022-139, Cl AL
4.000%, 07/20/2051		100		94
GNMA CMO, Ser 2022-189, Cl PT
2.500%, 10/20/2051		79		67
GNMA CMO, Ser 2022-63, Cl LM
3.500%, 10/20/2050		100		88
GNMA TBA
5.500%, 03/15/2056		150		152
5.000%, 03/15/2056		225		226
4.500%, 03/15/2056		1,350		1,334
4.000%, 03/15/2056		650		625
3.500%, 04/15/2056		1,075		1,005
3.000%, 03/15/2056		75		69
2.500%, 03/15/2056		1,600		1,412
GNMA, Ser 2020-178, Cl IO, IO
1.422%, 10/16/2060(A)		1,063		103
UMBS TBA
5.500%, 03/15/2056		600		610
5.000%, 03/15/2056		1,250		1,255
4.000%, 03/15/2056 to 05/15/2056		3,925		3,811
3.500%, 03/15/2056		5,150		4,853
2.500%, 03/15/2056		2,275		1,971
2.000%, 03/15/2056		1,625		1,346
				75,826
Non-Agency Mortgage-Backed Obligations — 8.9%
280 Park Avenue Mortgage Trust, Ser 2017-280P, Cl A
4.849%, TSFR1M + 1.180%, 09/15/2034(A)(B)		250		249
ACRA Trust, Ser 2024-NQM1, Cl A1
5.608%, 10/25/2064(B)(C)		363		365
Angel Oak Mortgage Trust, Ser 2022-3, Cl A3
4.123%, 01/25/2067(A)(B)		85		81

12	SEI Catholic Values Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Angel Oak Mortgage Trust, Ser 2022-4, Cl A1
4.650%, 05/25/2067(B)(C)	$	445	$	444
ARES Trust, Ser 2025-IND3, Cl A
5.160%, TSFR1M + 1.500%, 04/15/2042(A)(B)		328		328
BANK, Ser 2017-BNK8, Cl XA, IO
0.704%, 11/15/2050(A)		1,314		11
BANK, Ser 2019-BNK21, Cl XA, IO
0.826%, 10/17/2052(A)		3,794		92
BANK, Ser 2025-BNK49, Cl A5
5.623%, 03/15/2058(A)		341		366
BANK5 Trust, Ser 2023-5YR2, Cl A3
6.656%, 07/15/2056(A)		733		771
BANK5 Trust, Ser 2024-5YR6, Cl C
6.967%, 05/15/2057(A)		100		104
Barclays Commercial Mortgage Trust, Ser 2019-C3, Cl A3
3.319%, 05/15/2052		569		557
BBCMS Mortgage Trust, Ser 2024-5C31, Cl A3
5.609%, 12/15/2057		495		519
BDS, Ser 2025-FL15, Cl C
5.816%, TSFR1M + 2.150%, 03/19/2043(A)(B)		230		231
Benchmark Mortgage Trust, Ser 2019-B13, Cl A4
2.952%, 08/15/2057		592		568
Benchmark Mortgage Trust, Ser 2020-B17, Cl A2
2.211%, 03/15/2053		115		109
Benchmark Mortgage Trust, Ser 2020-B22, Cl ASB
1.731%, 01/15/2054		466		445
BRAVO Residential Funding Trust, Ser 2022-NQM3, Cl A1
5.108%, 07/25/2062(A)(B)		114		114
BRAVO Residential Funding Trust, Ser 2026-NQM1, Cl A1
4.830%, 12/25/2065(A)(B)		301		302
BSPDF Issuer, Ser 2026-FL3, Cl AS
5.350%, TSFR1M + 1.700%, 09/18/2043(A)(B)		310		310
BX Commercial Mortgage Trust, Ser 2020-VIV3, Cl B
3.544%, 03/09/2044(A)(B)		230		221
BX Commercial Mortgage Trust, Ser 2023-XL3, Cl A
5.421%, TSFR1M + 1.761%, 12/09/2040(A)(B)		184		184
BX Commercial Mortgage Trust, Ser 2024-KING, Cl E
7.348%, TSFR1M + 3.688%, 05/15/2034(A)(B)		158		158

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
BX Commercial Mortgage Trust, Ser 2024-XL5, Cl A
5.051%, TSFR1M + 1.392%, 03/15/2041(A)(B)	$	317	$	317
BX Commercial Mortgage Trust, Ser 2025-JDI, Cl C
5.410%, TSFR1M + 1.750%, 11/15/2042(A)(B)		218		218
BX Trust, Ser 2024-BIO, Cl B
5.601%, TSFR1M + 1.941%, 02/15/2041(A)(B)		220		220
BX Trust, Ser 2025-VLT6, Cl A
5.103%, TSFR1M + 1.443%, 03/15/2042(A)(B)		329		328
BX Trust, Ser 2025-VOLT, Cl A
5.360%, TSFR1M + 1.700%, 12/15/2044(A)(B)		671		672
Chase Home Lending Mortgage Trust Series, Ser 2025-11, Cl A4A
5.000%, 02/25/2056(A)(B)		570		573
Chase Home Lending Mortgage Trust, Ser 2024-10, Cl A4A
5.500%, 10/25/2055(A)(B)		230		231
CIM Trust, Ser 2021-R4, Cl A1A
2.000%, 05/01/2061(A)(B)		314		300
Citigroup Commercial Mortgage Trust, Ser 2019-C7, Cl XA, IO
0.814%, 12/15/2072(A)		960		27
Cross Mortgage Trust, Ser 2024-H2, Cl A1
6.093%, 04/25/2069(B)(C)		191		193
Cross Mortgage Trust, Ser 2025-H4, Cl A2
5.778%, 06/25/2070(B)(C)		342		345
CSMC Trust, Ser 2021-NQM5, Cl A1
0.938%, 05/25/2066(A)(B)		411		353
CSMC Trust, Ser 2022-NQM5, Cl A1
5.169%, 05/25/2067(A)(B)		144		144
CSMC Trust, Ser 2022-RPL4, Cl A1
3.904%, 04/25/2062(A)(B)		161		157
FHLMC STACR REMIC Trust, Ser 2021-DNA6, Cl M2
5.167%, SOFR30A + 1.500%, 10/25/2041(A)(B)		199		200
FHLMC STACR REMIC Trust, Ser 2022-DNA2, Cl M2
7.417%, SOFR30A + 3.750%, 02/25/2042(A)(B)		110		113
FHLMC STACR REMIC Trust, Ser 2022-DNA6, Cl M1A
5.817%, SOFR30A + 2.150%, 09/25/2042(A)(B)		18		18
FHLMC STACR REMIC Trust, Ser 2024-DNA1, Cl M2
5.617%, SOFR30A + 1.950%, 02/25/2044(A)(B)		250		253

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
First Franklin Mortgage Loan Trust, Ser 2006-FF13, Cl A2D
4.268%, TSFR1M + 0.594%, 10/25/2036(A)	$	450	$	297
FS Commercial Mortgage Trust, Ser 2023-4SZN, Cl B
7.544%, 11/10/2039(A)(B)		160		163
FS Rialto Issuer, Ser 2026-FL11, Cl AS
5.300%, TSFR1M + 1.650%, 01/19/2044(A)(B)		305		306
GCAT Trust, Ser 2024-INV1, Cl 1A2
5.500%, 01/25/2054(A)(B)		144		145
GCAT Trust, Ser 2025-INV2, Cl A1
6.000%, 05/25/2055(A)(B)		361		368
GS Mortgage Backed Securities Trust, Ser 2025-PJ5, Cl A5
5.500%, 10/25/2055(A)(B)		225		227
GS Mortgage Securities Trust, Ser 2020-GSA2, Cl AAB
1.662%, 12/12/2053		209		201
GS Mortgage-Backed Securities Trust, Ser 2025-PJ11, Cl A4
5.500%, 05/25/2056(A)(B)		613		618
GS Mortgage-Backed Securities Trust, Ser 2025-PJ6, Cl A8
5.500%, 11/25/2055(A)(B)		223		224
GS Mortgage-Backed Securities Trust, Ser 2025-PJ7, Cl A5
5.500%, 12/25/2055(A)(B)		223		224
GS Mortgage-Backed Securities Trust, Ser 2025-PJ8, Cl A5
5.500%, 02/25/2056(A)(B)		472		476
HOMES 2026-NQM1 Trust, Ser 2026-NQM1, Cl A2
5.053%, 09/25/2070(B)(C)		298		298
HOMES Trust, Ser 2024-NQM2, Cl A1
5.717%, 10/25/2069(B)(C)		221		223
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C7, Cl XA, IO
0.821%, 10/15/2050(A)		1,139		11
JPMorgan Mortgage Trust, Ser 2020-3, Cl A3A
3.000%, 08/25/2050(A)(B)		50		45
JPMorgan Mortgage Trust, Ser 2024-4, Cl A4A
6.000%, 10/25/2054(A)(B)		101		102
JPMorgan Mortgage Trust, Ser 2025-CCM1, Cl A4
5.500%, 06/25/2055(A)(B)		377		382
LBTY Commercial Mortgage Trust, Ser 2026-225L, Cl A
4.593%, 02/10/2043(A)(B)		256		258

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
MF1, Ser 2025-FL17, Cl B
5.456%, TSFR1M + 1.792%, 02/18/2040(A)(B)	$	200	$	200
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2016-C32, Cl ASB
3.514%, 12/15/2049		50		50
Morgan Stanley Capital I Trust 2019-L3, Ser L3, Cl A3
2.874%, 11/15/2052		643		620
New Residential Mortgage Loan Trust, Ser 2017-3A, Cl A1
4.000%, 04/25/2057(A)(B)		71		70
New Residential Mortgage Loan Trust, Ser 2019-6A, Cl B2
4.250%, 09/25/2059(A)(B)		155		154
New Residential Mortgage Loan Trust, Ser 2019-NQM4, Cl A1
2.492%, 09/25/2059(A)(B)		102		99
NJ Trust, Ser 2023-GSP, Cl A
6.481%, 01/06/2029(A)(B)		100		105
NYC Trust, Ser 2024-3ELV, Cl A
5.651%, TSFR1M + 1.991%, 08/15/2029(A)(B)		100		100
OBX Trust, Ser 2022-NQM1, Cl A2
3.001%, 11/25/2061(A)(B)		120		99
OBX Trust, Ser 2022-NQM6, Cl A1
4.700%, 07/25/2062(B)(C)		123		124
OBX Trust, Ser 2022-NQM7, Cl A1
5.110%, 08/25/2062(B)(C)		121		121
OBX Trust, Ser 2023-NQM6, Cl A1
6.520%, 07/25/2063(B)(C)		142		142
OBX Trust, Ser 2023-NQM7, Cl A1
6.844%, 04/25/2063(B)(C)		116		117
OBX Trust, Ser 2024-NQM3, Cl A3
6.433%, 12/25/2063(B)(C)		54		55
Pret, Ser 2025-NPL7, Cl A1
5.657%, 07/25/2055(B)(C)		100		100
PRKCM Trust, Ser 2022-AFC1, Cl A1A
4.100%, 04/25/2057(A)(B)		63		63
PRPM Trust, Ser 2024-NQM4, Cl A1
5.674%, 12/26/2069(B)(C)		316		319
PRPM Trust, Ser 2026-RCF1, Cl A1
4.845%, 01/25/2056(B)(C)		294		296
PRPM, Ser 2024-RCF1, Cl A1
4.000%, 01/25/2054(B)(C)		373		371
PRPM, Ser 2025-RCF3, Cl A2
5.250%, 07/25/2055(B)(C)		385		391
Sequoia Mortgage Trust, Ser 2024-4, Cl A4
6.000%, 05/25/2054(A)(B)		120		121
Sequoia Mortgage Trust, Ser 2024-7, Cl A11
6.000%, 08/25/2054(A)(B)		47		47
Sequoia Mortgage Trust, Ser 2025-2, Cl A5
5.500%, 03/25/2055(A)(B)		214		214

14	SEI Catholic Values Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Sequoia Mortgage Trust, Ser 2025-4, Cl A5
5.500%, 04/25/2055(A)(B)	$	231	$	232
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A2A
3.659%, 01/05/2043(A)(B)		195		173
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A2B
4.144%, 01/05/2043(A)(B)		250		225
SG Commercial Mortgage Securities Trust, Ser 2016-C5, Cl A3
2.779%, 10/10/2048		105		104
SLG Office Trust, Ser 2021-OVA, Cl C
2.851%, 07/15/2041(B)		400		361
SMRT, Ser 2022-MINI, Cl D
5.610%, TSFR1M + 1.950%, 01/15/2039(A)(B)		210		210
UBS Commercial Mortgage Trust, Ser 2018-C13, Cl ASB
4.241%, 10/15/2051		282		282
WaMu Mortgage Pass-Through Certificates, Ser 2005-AR8, Cl 2A1A
4.368%, TSFR1M + 0.694%, 07/25/2045(A)		419		407
Wells Fargo Commercial Mortgage Trust, Ser 2016-C37, Cl A4
3.525%, 12/15/2049		128		127
Wells Fargo Commercial Mortgage Trust, Ser 2025-5C6, Cl A3
5.186%, 10/15/2058		486		504
				22,362

Total Mortgage-Backed Securities
(Cost $97,914) ($ Thousands)				98,188

U.S. TREASURY OBLIGATIONS — 32.1%
U.S. Treasury Bills
3.640%, 04/21/2026 (D)		2,470		2,458
3.638%, 04/07/2026 (D)		2,455		2,446
3.633%, 05/21/2026 (D)		2,470		2,450
3.625%, 05/07/2026 (D)		660		656
U.S. Treasury Bonds
4.875%, 08/15/2045		4,920		5,117
4.750%, 08/15/2055		1,203		1,225
4.750%, 02/15/2056		10,070		10,262
4.625%, 05/15/2044		390		394
4.625%, 11/15/2044		1,022		1,032
4.625%, 02/15/2055		592		590
4.500%, 02/15/2044		1,002		999
4.250%, 02/15/2054		969		908
4.250%, 08/15/2054		969		908
4.125%, 08/15/2053		404		371

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
3.875%, 05/15/2043	$	1,817	$	1,679
3.625%, 05/15/2053		3,227		2,707
3.000%, 08/15/2052		1,758		1,310
U.S. Treasury Inflation Indexed Bonds
1.875%, 07/15/2035		637		650
U.S. Treasury Notes
4.250%, 05/15/2035		196		201
4.125%, 02/15/2036		5,170		5,239
4.000%, 05/31/2030		3,027		3,089
4.000%, 11/15/2035		1,869		1,876
3.750%, 02/28/2033		3,060		3,065
3.625%, 08/31/2030		2,469		2,482
3.500%, 12/15/2028		328		329
3.500%, 02/15/2029		2,310		2,317
3.500%, 11/30/2030		2,671		2,669
3.500%, 02/28/2031		14,425		14,414
3.375%, 02/29/2028		9,555		9,553

Total U.S. Treasury Obligations
(Cost $80,791) ($ Thousands)				81,396

CORPORATE OBLIGATIONS — 23.2%

Communication Services — 2.3%
Alphabet
5.650%, 02/15/2056		195		200
Altice Financing
9.625%, 07/15/2027 (B)		50		37
Altice France
9.500%, 11/01/2029 (B)		2		2
6.875%, 07/15/2032 (B)		15		14
6.500%, 04/15/2032 (B)(E)		3		3
AT&T
4.750%, 04/30/2033		196		199
3.650%, 09/15/2059		109		73
3.500%, 06/01/2041		151		121
2.550%, 12/01/2033		339		294
2.300%, 06/01/2027		60		59
2.250%, 02/01/2032		50		45
CCO Holdings
4.750%, 02/01/2032 (B)		100		93
Charter Communications Operating
6.550%, 06/01/2034		110		117
6.484%, 10/23/2045		20		19
6.384%, 10/23/2035		413		432
5.375%, 04/01/2038		10		9
5.125%, 07/01/2049		10		8
4.400%, 04/01/2033		270		257
3.500%, 03/01/2042		10		7
Comcast
5.168%, 01/15/2037 (B)		188		189
4.250%, 10/15/2030		200		202

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
4.150%, 10/15/2028	$	40	$	40
3.400%, 04/01/2030		20		20
2.887%, 11/01/2051		224		135
2.350%, 01/15/2027		260		257
CSC Holdings
11.750%, 01/31/2029 (B)		115		82
4.500%, 11/15/2031 (B)		200		120
Discovery Global Holdings
5.141%, 03/15/2052		2		1
5.050%, 03/15/2042		10		7
4.054%, 03/15/2029		20		20
DISH Network
11.750%, 11/15/2027 (B)		33		34
EchoStar
10.750%, 11/30/2029		17		19
Fox
6.500%, 10/13/2033		50		55
Frontier Communications Holdings
8.625%, 03/15/2031 (B)		100		104
Meta Platforms
5.625%, 11/15/2055		355		348
5.600%, 05/15/2053		20		19
4.875%, 11/15/2035		105		106
4.600%, 11/15/2032		251		255
Sinclair Television Group
8.125%, 02/15/2033 (B)		5		5
Sirius XM Radio
5.000%, 08/01/2027 (B)		56		56
Snap
6.875%, 03/01/2033 (B)		30		30
Sprint Spectrum
5.152%, 03/20/2028 (B)		150		151
Time Warner Cable
7.300%, 07/01/2038		90		98
6.550%, 05/01/2037		10		10
Time Warner Cable Enterprises
8.375%, 07/15/2033		50		58
T-Mobile USA
5.150%, 04/15/2034		40		41
3.875%, 04/15/2030		885		878
3.750%, 04/15/2027		10		10
3.400%, 10/15/2052		30		20
3.375%, 04/15/2029		20		20
2.875%, 02/15/2031		20		19
2.625%, 02/15/2029		40		38
2.550%, 02/15/2031		20		19
Verizon Communications
4.780%, 02/15/2035		272		271
Virgin Media O2 Vendor Financing Notes VI DAC
8.500%, 03/15/2033 (B)		21		19
Vmed O2 UK Financing I
4.750%, 07/15/2031 (B)		27		24

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
VZ Secured Financing BV
5.000%, 01/15/2032 (B)	$	60	$	53
Windstream Services
8.250%, 10/01/2031 (B)		10		11
Zayo Group Holdings
9.250%, 03/09/2030 (B)		42		41
				5,874

Consumer Discretionary — 1.9%
Amazon.com
4.950%, 12/05/2044		127		123
4.100%, 04/13/2062		374		290
3.875%, 08/22/2037		280		259
American Honda Finance MTN
5.150%, 07/09/2032		346		359
Ashtead Capital
2.450%, 08/12/2031 (B)		529		477
BCPE Flavor Debt Merger Sub and BCPE Flavor Issuer
9.500%, 07/01/2032 (B)		15		14
Element Fleet Management
4.641%, 11/24/2030 (B)		259		262
Ferguson Finance
4.500%, 10/24/2028 (B)		394		397
3.250%, 06/02/2030 (B)		230		221
Ferrellgas
9.250%, 01/15/2031 (B)		82		85
5.875%, 04/01/2029 (B)		32		31
General Motors Financial
2.400%, 10/15/2028		553		530
Getty Images
10.500%, 11/15/2030 (B)		25		22
Grand Canyon University
5.125%, 10/01/2028		15		15
Home Depot
3.300%, 04/15/2040		10		8
3.250%, 04/15/2032		50		48
2.700%, 04/15/2030		20		19
2.500%, 04/15/2027		30		30
1.375%, 03/15/2031		50		44
Lowe's
5.625%, 04/15/2053		245		241
5.000%, 04/15/2040		53		52
4.500%, 04/15/2030		20		21
3.700%, 04/15/2046		96		74
McDonald's MTN
4.700%, 12/09/2035		55		56
Michaels
8.500%, 03/15/2033 (B)		70		68
5.250%, 05/01/2028 (B)		122		122
Ontario Gaming GTA
8.000%, 08/01/2030 (B)		10		10

16	SEI Catholic Values Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Robert Bosch GmbH MTN
4.375%, 06/02/2043	EUR	100	$	119
Starbucks
5.400%, 05/15/2035	$	10		10
Triton Container International
5.150%, 02/15/2033		249		249
3.250%, 03/15/2032		422		391
Upbound Group
6.375%, 02/15/2029 (B)		25		25
Volkswagen Group of America Finance
5.650%, 03/25/2032 (B)		145		152
Voyager Parent
9.250%, 07/01/2032 (B)		33		35
				4,859
Consumer Staples — 0.3%
Coca-Cola
3.375%, 03/25/2027		20		20
Constellation Brands
4.800%, 05/01/2030		160		164
4.350%, 05/09/2027		20		20
2.250%, 08/01/2031		170		153
Costco Wholesale
1.600%, 04/20/2030		40		37
1.375%, 06/20/2027		70		68
Energizer Holdings
6.000%, 09/15/2033 (B)		60		58
Kraft Heinz Foods
4.250%, 03/01/2031		10		10
Opal Bidco SAS
6.500%, 03/31/2032 (B)		25		26
Post Holdings
6.250%, 02/15/2032 (B)		100		103
Spectrum Brands
3.875%, 03/15/2031 (B)		60		52
				711
Energy — 1.7%
Blue Racer Midstream
7.250%, 07/15/2032 (B)		20		21
BP Capital Markets America
3.633%, 04/06/2030		20		20
3.588%, 04/14/2027		10		10
Cheniere Energy
4.625%, 10/15/2028		20		20
Cheniere Energy Partners
4.000%, 03/01/2031		10		10
3.250%, 01/31/2032		40		37
Columbia Pipelines Operating
6.544%, 11/15/2053 (B)		20		22
6.036%, 11/15/2033 (B)		435		471
5.439%, 02/15/2035 (B)		246		256

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
ConocoPhillips
5.550%, 03/15/2054	$	78	$	77
5.500%, 01/15/2055		124		122
Diamondback Energy
6.250%, 03/15/2033		214		234
5.550%, 04/01/2035		322		337
3.250%, 12/01/2026		10		10
Ecopetrol
4.625%, 11/02/2031		120		108
Energy Transfer
5.750%, 02/15/2033		169		180
5.550%, 05/15/2034		101		105
4.950%, 06/15/2028		20		20
Global Partners
8.250%, 01/15/2032 (B)		5		5
Gulfstream Natural Gas System
5.600%, 07/23/2035 (B)		592		617
Kinder Morgan
5.850%, 06/01/2035		103		111
5.200%, 03/01/2048		10		9
4.300%, 03/01/2028		80		81
Kodiak Gas Services
6.500%, 10/01/2033 (B)		55		57
MPLX
4.800%, 02/15/2029		80		82
Occidental Petroleum
3.200%, 08/15/2026		30		30
0.000%, 10/10/2036 (F)		665		411
ONEOK
6.625%, 09/01/2053		40		42
Phillips 66
3.550%, 10/01/2026		232		231
Shell International Finance BV
2.875%, 05/10/2026		80		80
Sunoco
7.875%, H15T5Y + 4.230%(A)(B)(G)		70		72
5.625%, 07/15/2034 (B)		15		15
Targa Resources
4.200%, 02/01/2033		40		39
Targa Resources Partners
5.500%, 03/01/2030		20		20
5.000%, 01/15/2028		10		10
4.875%, 02/01/2031		50		51
Tennessee Gas Pipeline
2.900%, 03/01/2030 (B)		60		57
Transocean International
8.750%, 02/15/2030 (B)		7		7
Transocean Titan Financing
8.375%, 02/01/2028 (B)		5		6
Venture Global Calcasieu Pass
3.875%, 11/01/2033 (B)		60		53
Venture Global LNG
9.875%, 02/01/2032 (B)		57		60

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
9.000%, H15T5Y + 5.440%(A)(B)(G)	$	67	$	59
8.125%, 06/01/2028 (B)		4		4
Venture Global Plaquemines LNG
6.750%, 01/15/2036 (B)		27		29
6.500%, 01/15/2034 (B)		4		4
6.125%, 12/15/2030 (B)		30		31
Williams
7.500%, 01/15/2031		10		12
				4,345
Financials — 8.6%
Acrisure
7.500%, 11/06/2030 (B)		120		122
AIA Group MTN
5.375%, 04/05/2034 (B)		276		290
4.950%, 03/30/2035 (B)		237		242
Aircastle
5.000%, 09/15/2030 (B)		385		394
Alliant Holdings Intermediate
7.375%, 10/01/2032 (B)		6		6
7.000%, 01/15/2031 (B)		2		2
6.500%, 10/01/2031 (B)		3		3
American Express
5.667%, SOFR + 1.790%, 04/25/2036 (A)		55		58
4.918%, SOFR + 1.220%, 07/20/2033 (A)		702		719
4.050%, 05/03/2029		50		51
Aon North America
5.450%, 03/01/2034		110		115
Atlas Warehouse Lending
4.625%, 11/15/2028 (B)		651		651
Aviation Capital Group
4.800%, 10/24/2030 (B)		576		582
Bank of America
5.288%, SOFR + 1.910%, 04/25/2034 (A)		256		266
5.045%, SOFR + 1.130%, 02/06/2037 (A)		638		647
3.419%, TSFR3M + 1.302%, 12/20/2028 (A)		42		42
3.311%, SOFR + 1.580%, 04/22/2042 (A)		467		372
2.572%, SOFR + 1.210%, 10/20/2032 (A)		90		82
Bank of America MTN
5.000%, 01/21/2044		20		19
4.450%, 03/03/2026		10		10
4.376%, SOFR + 1.580%, 04/27/2028 (A)		100		100
4.250%, 10/22/2026		50		50
3.970%, TSFR3M + 1.332%, 03/05/2029 (A)		150		150

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.593%, TSFR3M + 1.632%, 07/21/2028 (A)	$	90	$	90
2.972%, SOFR + 1.330%, 02/04/2033 (A)		15		14
Bank of New York Mellon MTN
4.289%, SOFR + 1.418%, 06/13/2033 (A)		100		99
Barclays
6.490%, SOFR + 2.220%, 09/13/2029 (A)		582		615
Blackstone Holdings Finance
6.250%, 08/15/2042 (B)		118		125
5.000%, 06/15/2044 (B)		200		187
Brown & Brown
5.250%, 06/23/2032		360		367
Capital One Financial
4.927%, SOFR + 2.057%, 05/10/2028 (A)		42		42
Citibank
4.914%, 05/29/2030		90		93
Citigroup
4.658%, SOFR + 1.887%, 05/24/2028 (A)		20		20
4.450%, 09/29/2027		70		71
4.412%, SOFR + 3.914%, 03/31/2031 (A)		233		234
4.125%, 07/25/2028		90		90
3.785%, SOFR + 1.939%, 03/17/2033 (A)		160		154
Corebridge Global Funding
4.850%, 06/06/2030 (B)		566		577
FactSet Research Systems
3.450%, 03/01/2032		446		409
Farmers Exchange Capital II
6.151%, TSFR3M + 4.006%, 11/01/2053 (A)(B)		165		163
Fiserv
5.625%, 08/21/2033		120		124
5.450%, 03/15/2034		30		31
5.250%, 08/11/2035		135		135
GA Global Funding Trust
5.500%, 01/08/2029 (B)		521		534
Global Atlantic Finance
3.125%, 06/15/2031 (B)		289		260
Goldman Sachs Group
5.536%, SOFR + 1.380%, 01/28/2036 (A)		10		11
5.016%, SOFR + 1.420%, 10/23/2035 (A)		125		126
Golub Capital BDC
7.050%, 12/05/2028		119		124
6.000%, 07/15/2029		241		242

18	SEI Catholic Values Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Guardian Life Global Funding
4.798%, 04/28/2030 (B)	$	310	$	318
HSBC Holdings
5.130%, SOFR + 1.290%, 03/03/2031 (A)		677		698
ING Groep
6.114%, SOFR + 2.090%, 09/11/2034 (A)		300		327
JPMorgan Chase
5.766%, SOFR + 1.490%, 04/22/2035 (A)		213		228
4.565%, SOFR + 1.750%, 06/14/2030 (A)		180		183
4.493%, TSFR3M + 3.790%, 03/24/2031 (A)		298		302
4.203%, TSFR3M + 1.522%, 07/23/2029 (A)		590		592
3.509%, TSFR3M + 1.207%, 01/23/2029 (A)		390		387
2.522%, SOFR + 2.040%, 04/22/2031 (A)		130		122
KKR
5.100%, 08/07/2035		511		506
KKR Group Finance III
5.125%, 06/01/2044 (B)		215		198
KKR Group Finance VIII
3.500%, 08/25/2050 (B)		137		95
Liberty Mutual Group
4.569%, 02/01/2029 (B)		270		272
Lloyds Banking Group
5.721%, H15T1Y + 1.070%, 06/05/2030 (A)		534		561
Macquarie Group MTN
5.033%, TSFR3M + 2.012%, 01/15/2030 (A)(B)		280		287
Marsh & McLennan
4.950%, 03/15/2036		140		141
Massachusetts Mutual Life Insurance
5.672%, 12/01/2052 (B)		305		301
3.375%, 04/15/2050 (B)		144		100
Metropolitan Life Global Funding I MTN
3.300%, 03/21/2029 (B)		361		353
Moody's
3.250%, 05/20/2050		235		163
Morgan Stanley
5.466%, SOFR + 1.730%, 01/18/2035 (A)		20		21
5.320%, SOFR + 1.555%, 07/19/2035 (A)		465		481
5.192%, SOFR + 1.510%, 04/17/2031 (A)		257		266
5.073%, SOFR + 1.184%, 01/30/2037 (A)		335		338

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Morgan Stanley MTN
3.622%, SOFR + 3.120%, 04/01/2031 (A)	$	384	$	376
2.511%, SOFR + 1.200%, 10/20/2032 (A)		180		163
Morgan Stanley Private Bank
4.734%, SOFR + 1.080%, 07/18/2031 (A)		90		92
4.204%, SOFR + 0.780%, 11/17/2028 (A)		90		90
MSCI
5.250%, 09/01/2035		355		355
National Securities Clearing
5.000%, 05/30/2028 (B)		351		359
Peachtree Corners Funding Trust II
6.012%, 05/15/2035 (B)		255		268
PNC Financial Services Group
5.676%, SOFR + 1.902%, 01/22/2035 (A)		247		262
5.582%, SOFR + 1.841%, 06/12/2029 (A)		80		83
5.354%, SOFR + 1.620%, 12/02/2028 (A)		470		482
Shift4 Payments
6.750%, 08/15/2032 (B)		40		39
Sixth Street Lending Partners
6.500%, 03/11/2029		254		262
State Street
3.152%, SOFR + 2.650%, 03/30/2031 (A)		80		78
Teachers Insurance & Annuity Association of America
4.900%, 09/15/2044 (B)		130		120
UBS Group
4.550%, 04/17/2026		250		250
4.194%, SOFR + 3.730%, 04/01/2031 (A)(B)		250		249
US Bancorp
5.678%, SOFR + 1.860%, 01/23/2035 (A)		192		204
Visa
2.050%, 04/15/2030		20		19
Wells Fargo
5.211%, SOFR + 1.380%, 12/03/2035 (A)		35		36
5.150%, SOFR + 1.500%, 04/23/2031 (A)		457		473
Wells Fargo MTN
5.574%, SOFR + 1.740%, 07/25/2029 (A)		40		41
5.557%, SOFR + 1.990%, 07/25/2034 (A)		360		379
				21,830

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Health Care — 0.8%
Centene
2.500%, 03/01/2031	$	250	$	217
CVS Health
7.000%, H15T5Y + 2.886%, 03/10/2055 (A)		65		68
6.750%, H15T5Y + 2.516%, 12/10/2054 (A)		40		42
4.125%, 04/01/2040		5		4
3.625%, 04/01/2027		30		30
2.125%, 09/15/2031		30		27
1.875%, 02/28/2031		10		9
CVS Pass-Through Trust
7.507%, 01/10/2032 (B)		234		251
6.036%, 12/10/2028		79		80
5.926%, 01/10/2034 (B)		362		373
Elevance Health
5.200%, 02/15/2035		20		21
5.000%, 01/15/2036		195		196
4.550%, 05/15/2052		20		17
4.100%, 05/15/2032		100		98
3.650%, 12/01/2027		30		30
Humana
5.550%, 05/01/2035		155		158
2.150%, 02/03/2032		10		9
Kedrion
6.500%, 09/01/2029 (B)		55		53
Medline Borrower
3.875%, 04/01/2029 (B)		250		246
ModivCare
5.000%, 10/01/2029 (B)(E)		126		1
Molina Healthcare
6.250%, 01/15/2033 (B)		50		49
Star Parent
9.000%, 10/01/2030 (B)		30		30
				2,009
Industrials — 2.1%
AerCap Ireland Capital DAC
4.375%, 11/15/2030		245		246
3.000%, 10/29/2028		417		406
2.450%, 10/29/2026		150		148
Air Canada Pass-Through Trust, Ser 2015-1, Cl A
3.600%, 03/15/2027 (B)		162		160
Air Lease
5.300%, 02/01/2028		40		41
Burlington Northern Santa Fe
2.875%, 06/15/2052		30		19
Canadian National Railway
3.650%, 02/03/2048		151		117
Canadian Pacific Railway
6.125%, 09/15/2115		167		173

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
CSX
3.800%, 04/15/2050	$	331	$	256
Delta Air Lines
4.750%, 10/20/2028 (B)		46		46
Delta Air Lines Pass-Through Trust, Ser 2020-1, Cl AA
2.000%, 06/10/2028		114		109
Genpact Luxembourg SARL
6.000%, 06/04/2029		289		300
1.750%, 04/10/2026		292		291
Icahn Enterprises
10.000%, 11/15/2029 (B)		171		169
9.750%, 01/15/2029		5		5
JB Hunt Transport Services
4.900%, 03/15/2030		319		328
JH North America Holdings
5.875%, 01/31/2031 (B)		60		61
Norfolk Southern
4.837%, 10/01/2041		200		192
Pacific National Finance Pty MTN
3.700%, 09/24/2029	AUD	100		66
Paychex
5.350%, 04/15/2032	$	105		108
Penske Truck Leasing LP
5.550%, 05/01/2028 (B)		542		558
Raven Acquisition Holdings
6.875%, 11/15/2031 (B)		10		10
Rentokil Terminix Funding
5.000%, 04/28/2030 (B)		450		461
Rollins
5.250%, 02/24/2035		155		159
Ryder System MTN
5.250%, 06/01/2028		355		365
SMBC Aviation Capital Finance DAC
5.700%, 07/25/2033 (B)		145		153
Sydney Airport Finance Pty MTN
5.900%, 04/19/2034	AUD	40		29
TransDigm
7.125%, 12/01/2031 (B)	$	20		21
6.625%, 03/01/2032 (B)		40		41
Verisk Analytics
3.625%, 05/15/2050		142		103
VT Topco
8.500%, 08/15/2030 (B)		42		42
				5,183
Information Technology — 1.0%
Apple
3.850%, 08/04/2046		156		129
AppLovin
5.950%, 12/01/2054		110		106
5.125%, 12/01/2029		240		245

20	SEI Catholic Values Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Broadcom
4.926%, 05/15/2037 (B)	$	20	$	20
Cloud Software Group
8.250%, 06/30/2032 (B)		24		24
Constellation Software
5.461%, 02/16/2034 (B)		182		181
Dell International
5.000%, 04/01/2030		160		165
4.500%, 02/15/2031		195		196
Foundry JV Holdco
5.500%, 01/25/2031 (B)		20		21
Intel
3.734%, 12/08/2047		45		32
3.250%, 11/15/2049		85		56
2.000%, 08/12/2031		65		58
NVIDIA
2.850%, 04/01/2030		20		19
Oracle
6.700%, 02/04/2056		60		58
6.550%, 02/04/2046		60		58
5.375%, 09/27/2054		60		49
5.200%, 09/26/2035		95		92
4.800%, 09/26/2032		560		547
3.950%, 03/25/2051		266		176
3.600%, 04/01/2050		50		31
2.950%, 04/01/2030		20		19
2.875%, 03/25/2031		75		68
Sprint Capital
8.750%, 03/15/2032		10		12
UKG
6.875%, 02/01/2031 (B)		10		10
Xerox
10.250%, 10/15/2030 (B)		40		29
				2,401
Materials — 0.6%
Amcor Flexibles North America
5.500%, 03/17/2035		215		227
Amrize Finance US
4.950%, 04/07/2030		460		473
Ball
3.125%, 09/15/2031		30		28
CRH America Finance
4.400%, 02/09/2031		506		510
Sonoco Products
5.000%, 09/01/2034		343		346
				1,584
Real Estate — 1.0%
American Tower
4.900%, 03/15/2030		110		113
4.700%, 12/15/2032		90		91
2.900%, 01/15/2030		105		101

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
American Tower Trust #1
5.490%, 03/15/2028 (B)	$	351	$	358
CBRE Services
4.800%, 06/15/2030		66		67
COPT Defense Properties
4.500%, 10/15/2030		381		383
Hudson Pacific Properties
3.950%, 11/01/2027		160		152
Iron Mountain
6.250%, 01/15/2033 (B)		60		61
NNN REIT
4.600%, 02/15/2031		320		324
Realty Income
5.125%, 04/15/2035		45		46
SBA Tower Trust
2.593%, 10/15/2031 (B)		376		343
Simon Property Group
1.750%, 02/01/2028		501		483
Vonovia MTN
5.717%, 09/03/2035	AUD	90		63
				2,585
Utilities — 2.9%
AEP Transmission
5.375%, 06/15/2035	$	55		57
Alliant Energy
5.750%, H15T5Y + 2.077%, 04/01/2056 (A)		95		95
American Electric Power
6.050%, H15T5Y + 1.940%, 03/15/2056 (A)		220		221
5.800%, H15T5Y + 2.128%, 03/15/2056 (A)		50		50
American Transmission Systems
2.650%, 01/15/2032 (B)		30		27
Amprion GmbH MTN
4.580%, 01/15/2046	EUR	100		121
Ausgrid Finance Pty MTN
5.946%, 12/10/2035	AUD	50		36
Berkshire Hathaway Energy
4.450%, 01/15/2049	$	600		506
Boston Gas
5.843%, 01/10/2035 (B)		551		591
Brooklyn Union Gas
3.407%, 03/10/2026 (B)		250		250
CenterPoint Energy
5.950%, H15T5Y + 2.223%, 04/01/2056 (A)		100		101
Consolidated Edison of New York
3.950%, 04/01/2050		20		16
3.350%, 04/01/2030		20		19

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Dominion Energy
6.200%, H15T5Y + 2.006%, 02/15/2056 (A)	$	125	$	127
DTE Electric Securitization Funding I
2.640%, 12/01/2026		67		67
DTE Energy
4.875%, 06/01/2028		192		196
Duke Energy Carolinas
3.950%, 03/15/2048		98		79
Duke Energy Florida
3.200%, 01/15/2027		230		229
Duke Energy Ohio
3.650%, 02/01/2029		50		50
DWR Cymru Financing UK MTN
2.375%, 03/31/2034	GBP	105		110
Electricite de France MTN
2.000%, 12/09/2049	EUR	100		73
Entergy
6.100%, H15T5Y + 2.013%, 06/15/2056 (A)	$	145		146
Exelon
5.625%, 06/15/2035		60		63
5.100%, 06/15/2045		328		306
4.700%, 04/15/2050		69		60
FirstEnergy
4.850%, 07/15/2047		120		107
3.900%, 07/15/2027		90		90
Interstate Power and Light
2.300%, 06/01/2030		295		275
NextEra Energy Capital Holdings
3.550%, 05/01/2027		292		291
NSTAR Electric
3.950%, 04/01/2030		230		229
Oncor Electric Delivery
5.350%, 04/01/2035 (B)		160		167
PG&E Wildfire Recovery Funding
4.722%, 06/01/2037		456		457
3.594%, 06/01/2030		220		218
Piedmont Natural Gas
3.640%, 11/01/2046		170		130
Public Service of Oklahoma
5.200%, 01/15/2035		160		163
Southern
3.750%, H15T5Y + 2.915%, 09/15/2051 (A)		120		119
Southern Gas Capital
4.950%, 09/15/2034		515		522
Suez MTN
2.875%, 05/24/2034	EUR	100		111
Veolia Environnement
2.500%(A)(G)		100		115
Virginia Power Fuel Securitization
4.877%, 05/01/2031	$	389		401

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
WEC Energy Group
5.625%, H15T5Y + 1.905%, 05/15/2056 (A)	$	180	$	181
Yorkshire Water Finance MTN
6.375%, 11/18/2034	GBP	100		141
				7,313

Total Corporate Obligations
(Cost $59,556) ($ Thousands)				58,694

ASSET-BACKED SECURITIES — 11.6%

Automotive — 0.8%

Citizens Auto Receivables Trust, Ser 2024-1, Cl A3
5.110%, 04/17/2028 (B)	$	308		309
Enterprise Fleet Financing, Ser 2025-2, Cl A3
4.410%, 06/20/2029 (B)		365		370
Ford Credit Auto Owner Trust, Ser 2021-1, Cl A
1.370%, 10/17/2033 (B)		254		253
GMF Floorplan Owner Revolving Trust, Ser 2023-2, Cl A
5.340%, 06/15/2030 (B)		468		484
GMF Floorplan Owner Revolving Trust, Ser 2024-2A, Cl A
5.060%, 03/15/2031 (B)		537		556
				1,972
Mortgage Related Securities — 1.1%
CIT Mortgage Loan Trust, Ser 2007-1, Cl 1M1
5.288%, TSFR1M + 2.364%, 10/25/2037 (A)(B)		74		75
COOPR Residential Mortgage Trust, Ser 2025-CES4, Cl A2
5.248%, 11/25/2060 (B)(C)		250		253
FIGRE Trust, Ser 2025-HE3, Cl A
5.560%, 05/25/2055 (A)(B)		350		358
GS Mortgage Backed Securities Trust, Ser 2025-CES1, Cl A1A
5.568%, 05/25/2055 (B)(C)		213		216
RCKT Mortgage Trust, Ser 2024-CES6, Cl A1A
5.344%, 09/25/2044 (B)(C)		164		165
RCKT Mortgage Trust, Ser 2024-CES9, Cl A1A
5.582%, 12/25/2044 (B)(C)		222		224
Structured Asset Securities Mortgage Loan Trust, Ser 2007-WF1, Cl A1
4.208%, TSFR1M + 0.534%, 02/25/2037 (A)		72		71

22	SEI Catholic Values Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Towd Point Mortgage Trust, Ser 2020-MH1, Cl M2A
2.750%, 02/25/2060 (A)(B)	$	310	$	296
Towd Point Mortgage Trust, Ser 2024-CES6, Cl A1
5.725%, 11/25/2064 (B)(C)		340		344
Towd Point Mortgage Trust, Ser 2025-CRM1, Cl A1
5.799%, 01/25/2065 (B)(C)		430		435
Vista Point Securitization Trust, Ser 2026-CES1, Cl A1
5.035%, 02/25/2056 (B)(C)		310		310
Wells Fargo Home Equity Asset-Backed Securities Trust, Ser 2005-2, Cl M9
6.188%, TSFR1M + 2.514%, 12/25/2034 (A)		157		157
				2,904
Other Asset-Backed Securities — 9.7%
Aligned Data Centers Issuer, Ser 2021-1A, Cl A2
1.937%, 08/15/2046 (B)		180		178
Aligned Data Centers Issuer, Ser 2022-1A, Cl A2
6.350%, 10/15/2047 (B)		245		246
AMMC CLO, Ser 2024-24A, Cl AR
4.868%, TSFR3M + 1.200%, 01/20/2035 (A)(B)		325		325
AMSR Trust, Ser 2022-SFR3, Cl A
4.000%, 10/17/2039 (B)		236		235
AMSR Trust, Ser 2023-SFR1, Cl A
4.000%, 04/17/2040 (B)		410		408
AMSR Trust, Ser 2024-SFR1, Cl A
4.290%, 07/17/2041 (B)(C)		487		487
Apidos CLO, Ser 2024-XXXA, Cl A1AR
4.748%, TSFR3M + 1.080%, 10/18/2031 (A)(B)		23		23
Ares LXII CLO, Ser 2025-62A, Cl BR
5.168%, TSFR3M + 1.500%, 01/25/2034 (A)(B)		300		300
Bain Capital Credit CLO, Ser 2021-4, Cl A1RR
4.668%, TSFR3M + 1.000%, 10/20/2034 (A)(B)		406		406
Bain Capital Credit CLO, Ser 2024-6A, Cl A1R
4.760%, TSFR3M + 1.090%, 10/21/2034 (A)(B)		275		275
Bain Capital Credit CLO, Ser 2025-3A, Cl AR
4.728%, TSFR3M + 1.060%, 07/24/2034 (A)(B)		260		260
Ballyrock CLO 20, Ser 2026-20A, Cl A1A3
4.722%, TSFR3M + 1.050%, 10/15/2036 (A)(B)		300		300

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Barings CLO, Ser 2024-3A, Cl A1RR
4.808%, TSFR3M + 1.140%, 01/20/2036 (A)(B)	$	300	$	300
CIFC Funding 2022-IV, Ser 2025-4A, Cl AR
4.761%, TSFR3M + 1.090%, 07/16/2035 (A)(B)		300		300
Cifc Funding 2023-III, Ser 2026-3A, Cl A1R
4.863%, TSFR3M + 1.200%, 01/20/2039 (A)(B)		638		639
CIFC Funding, Ser 2024-1A, Cl A1R
5.088%, TSFR3M + 1.420%, 07/25/2037 (A)(B)		250		251
CIFC Funding, Ser 2025-4RA, Cl A1A2
4.658%, TSFR3M + 0.990%, 01/17/2035 (A)(B)		260		260
Cloud Capital Holdco, Ser 2024-1A, Cl A2
5.781%, 11/22/2049 (B)		160		161
Clover CLO, Ser 2025-3A, Cl AR
4.738%, TSFR3M + 1.070%, 01/25/2035 (A)(B)		300		300
Compass Datacenters Issuer III, Ser 2026-1A, Cl A21
4.897%, 02/25/2056 (B)		363		366
Consolidated Communications, Ser 2025-1A, Cl A2
6.000%, 05/20/2055 (B)		110		113
Diamond Infrastructure Funding, Ser 2021-1A, Cl A
1.760%, 04/15/2049 (B)		285		278
Diamond Issuer, Ser 2021-1A, Cl A
2.305%, 11/20/2051 (B)		25		24
Domino's Pizza Master Issuer, Ser 2021-1A, Cl A2I
2.662%, 04/25/2051 (B)		555		533
Domino's Pizza Master Issuer, Ser 2025-1A, Cl A2II
5.217%, 07/25/2055 (B)		380		390
Dryden 68 CLO, Ser 2024-68A, Cl ARR
4.772%, TSFR3M + 1.100%, 07/15/2035 (A)(B)		250		250
Dryden 98 CLO, Ser 2026-98A, Cl AR
0.000%, 04/20/2035 (A)(B)(H)		325		325
Edgeconnex Data Centers Issuer, Ser 2024-1, Cl A2
6.000%, 07/27/2054 (B)		194		197
Elmwood CLO, Ser 2025-2A, Cl AR
5.021%, TSFR3M + 1.350%, 04/16/2036 (A)(B)		514		515
FirstKey Homes Trust, Ser 2021-SFR1, Cl F2
3.452%, 08/17/2038 (B)		280		277
FirstKey Homes Trust, Ser 2021-SFR3, Cl A
2.135%, 12/17/2038 (B)		252		248

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Flatiron CLO, Ser 2025-1A, Cl AR2
4.833%, TSFR3M + 1.180%, 11/16/2034 (A)(B)	$	210	$	210
Flexential Issuer, Ser 2021-1A, Cl A2
3.250%, 11/27/2051 (B)		73		72
GCI Funding I, Ser 2021-1, Cl A
2.380%, 06/18/2046 (B)		261		247
Goldentree Loan Management US CLO, Ser 2024-11A, Cl AR
4.748%, TSFR3M + 1.080%, 10/20/2034 (A)(B)		260		260
Goldentree Loan Management US CLO, Ser 2025-16A, Cl ARR
4.788%, TSFR3M + 1.120%, 01/20/2038 (A)(B)		445		445
Golub Capital Partners CLO, Ser 2025-53A, Cl AR
4.648%, TSFR3M + 0.980%, 07/20/2034 (A)(B)		335		335
Home Partners of America Trust, Ser 2021-2, Cl A
1.901%, 12/17/2026 (B)		209		206
J.G. Wentworth XLII, Ser 2018-2A, Cl B
4.700%, 10/15/2077 (B)		129		119
J.G. Wentworth XXXIX, Ser 2017-2A, Cl B
5.090%, 09/17/2074 (B)		173		160
LCM, Ser 2024-37A, Cl A1R
4.732%, TSFR3M + 1.060%, 04/15/2034 (A)(B)		245		245
LCM, Ser 2024-39A, Cl A2R
5.272%, TSFR3M + 1.600%, 10/15/2034 (A)(B)		300		300
Lightpath Fiber Issuer, Ser 2026-1A, Cl A2
5.597%, 03/25/2056 (B)		220		223
Lunar Structured Aircraft Portfolio Notes, Ser 2021-1, Cl A
2.636%, 10/15/2046 (B)		161		155
Madison Park Funding XXXVI, Ser 2025-36A, Cl B1RR
5.222%, TSFR3M + 1.550%, 04/15/2035 (A)(B)		250		250
Magnetite XXIII, Ser 2026-23A, Cl AR2
4.637%, TSFR3M + 0.990%, 01/25/2035 (A)(B)		315		315
Neuberger Berman Loan Advisers Lasalle Street Lending CLO I, Ser 2025-1A, Cl BR
5.368%, TSFR3M + 1.700%, 10/25/2036 (A)(B)		300		301
OCP CLO, Ser 2024-10A, Cl AR3
4.978%, TSFR3M + 1.310%, 01/26/2038 (A)(B)		560		561
OCP CLO, Ser 2025-45A, Cl A
5.101%, TSFR3M + 1.230%, 10/15/2038 (A)(B)		387		388

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Octagon Investment Partners 40, Ser 2025-1A, Cl BRR
5.218%, TSFR3M + 1.550%, 01/20/2035 (A)(B)	$	290	$	290
Palmer Square CLO, Ser 2024-4A, Cl A1R
5.018%, TSFR3M + 1.350%, 10/20/2037 (A)(B)		284		285
PFS Financing, Ser 2025-D, Cl A
4.470%, 05/15/2030 (B)		321		325
Planet Fitness Master Issuer, Ser 2024-1A, Cl A2I
5.765%, 06/05/2054 (B)		489		496
Progress Residential Trust, Ser 2023-SFR2, Cl A
4.500%, 10/17/2040 (B)		527		529
Rockford Tower CLO, Ser 2025-1A, Cl A1RR
4.758%, TSFR3M + 1.090%, 01/20/2036 (A)(B)		315		315
Sabey Data Center Issuer, Ser 2021-1, Cl A2
1.881%, 06/20/2046 (B)		466		461
SBA Small Business Investment, Ser 2023-10A, Cl 1
5.168%, 03/10/2033		269		276
SBA Small Business Investment, Ser 2024-10A, Cl 1
5.035%, 03/10/2034		506		519
SBA Small Business Investment, Ser 2025-10A, Cl 1
4.963%, 03/10/2035		335		348
SBA Small Business Investment, Ser 2025-10B, Cl 1
4.532%, 09/10/2035		635		646
Sixth Street CLO VIII, Ser 2024-8A, Cl A1R2
4.818%, TSFR3M + 1.150%, 10/20/2034 (A)(B)		250		250
Slam, Ser 2024-1A, Cl A
5.335%, 09/15/2049 (B)		209		213
Subway Funding, Ser 2024-1A, Cl A2I
6.028%, 07/30/2054 (B)		319		323
Subway Funding, Ser 2024-1A, Cl A2II
6.268%, 07/30/2054 (B)		175		179
SVC ABS, Ser 2026-1A, Cl B
5.795%, 03/20/2056 (B)		200		201
Switch ABS Issuer, Ser 2024-1A, Cl A2
6.280%, 03/25/2054 (B)		300		304
Switch ABS Issuer, Ser 2025-1A, Cl A2
5.036%, 03/25/2055 (B)		70		70
Taco Bell Funding, Ser 2021-1A, Cl A2II
2.294%, 08/25/2051 (B)		424		399
Taco Bell Funding, Ser 2025-1A, Cl A2I
4.821%, 08/25/2055 (B)		451		456
Tricon American Homes Trust, Ser 2019-SFR1, Cl A
2.750%, 03/17/2038 (B)		281		281

24	SEI Catholic Values Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Tricon American Homes Trust, Ser 2020-SFR2, Cl A
1.482%, 11/17/2039 (B)	$	199	$	191
Tricon Residential Trust, Ser 2021-SFR1, Cl F
3.692%, 07/17/2038 (B)		360		357
Tricon Residential Trust, Ser 2024-SFR4, Cl A
4.300%, 11/17/2041 (B)		400		401
Trinitas CLO VI, Ser 2025-6A, Cl B1R4
5.318%, TSFR3M + 1.650%, 01/25/2034 (A)(B)		250		250
U.S. Small Business Administration, Ser 2010-20B, Cl 1
4.140%, 02/01/2030		14		14
U.S. Small Business Administration, Ser 2011-20G, Cl 1
3.740%, 07/01/2031		69		68
U.S. Small Business Administration, Ser 2011-20H, Cl 1
3.290%, 08/01/2031		37		37
U.S. Small Business Administration, Ser 2013-20G, Cl 1
3.150%, 07/01/2033		156		152
U.S. Small Business Administration, Ser 2014-20C, Cl 1
3.210%, 03/01/2034		156		153
U.S. Small Business Administration, Ser 2015-20F, Cl 1
2.980%, 06/01/2035		46		44
U.S. Small Business Administration, Ser 2017-20H, Cl 1
2.750%, 08/01/2037		112		105
U.S. Small Business Administration, Ser 2018-20A, Cl 1
2.920%, 01/01/2038		120		113
U.S. Small Business Administration, Ser 2018-20B, Cl 1
3.220%, 02/01/2038		176		167
U.S. Small Business Administration, Ser 2022-25E, Cl 1
3.940%, 05/01/2047		290		284
U.S. Small Business Administration, Ser 2022-25G, Cl 1
3.930%, 07/01/2047		378		368
U.S. Small Business Administration, Ser 2024-25F, Cl 1
5.040%, 06/01/2049		378		393
Wendy's Funding, Ser 2025-1A, Cl A2I
5.422%, 12/15/2055 (B)		393		401
				24,626

Total Asset-Backed Securities
(Cost $29,226) ($ Thousands)				29,502

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT — 0.6%
Brazilian Government International Bond
4.750%, 01/14/2050	$	200	$	150
Colombia Government International Bond
5.625%, 02/26/2044		200		162
Electricite de France MTN
4.750%, 06/17/2044	EUR	100		121
Mexico Government International Bond
4.600%, 02/10/2048	$	200		157
New South Wales Treasury
5.250%, 02/24/2038	AUD	420		295
Queensland Treasury
5.250%, 08/13/2038(B)		420		293
Romanian Government International Bond
6.625%, 05/16/2036	$	152		162
5.750%, 03/24/2035		48		48
Treasury Corp of Victoria MTN
2.000%, 11/20/2037	AUD	175		87

Total Sovereign Debt
(Cost $1,547) ($ Thousands)				1,475

MUNICIPAL BONDS — 0.5%
California — 0.1%
California State, Build America, GO
7.500%, 04/01/2034	$	280		331

Illinois — 0.2%
Chicago, Metropolitan Water Reclamation District, GO
5.720%, 12/01/2038		345		365

Massachusetts — 0.1%
Massachusetts State, Educational Financing Authority, Ser A, RB
4.141%, 07/01/2027		285		286

New York — 0.1%
Empire State Development, Ser E, RB
5.770%, 03/15/2039		215		222
New York City, Ser H, GO
5.935%, 02/01/2055		110		119
				341

Total Municipal Bonds
(Cost $1,383) ($ Thousands)				1,323

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CONVERTIBLE BOND — 0.0%
Cellnex Telecom
0.750%, 11/20/2031	EUR	100	$	108

Total Convertible Bond
(Cost $105) ($ Thousands)				108

	Shares
CASH EQUIVALENT — 11.7%
SEI Daily Income Trust, Government Fund, Institutional Class
3.480%**^†		29,607,769		29,608
Total Cash Equivalent
(Cost $29,608) ($ Thousands)				29,608

PURCHASED SWAPTIONS — 0.0%
Total Purchased Swaptions
(Cost $22) ($ Thousands)				1

Total Investments in Securities — 118.5%
(Cost $300,152) ($ Thousands)			$	300,295

26	SEI Catholic Values Trust

A list of open over the counter swaptions contracts for the Fund at February 28, 2026, is as follows:

Description	Counterparty	Number of Contracts/ Notional Amount		Exercise Price		Expiration Date	Value(Thousands)
PURCHASED SWAPTIONS — 0.0%
Put Swaptions
Swaption	Goldman Sachs	$	5,380,000	$	3.62	03/21/2026	$	–
Swaption	Goldman Sachs		4,800,000		4.08	04/18/2026		–
Swaption	Goldman Sachs		4,800,000		4.09	05/16/2026		1
Swaption	Goldman Sachs		2,285,000		3.81	03/21/2026		–
Total Purchased Swaptions		$	17,265,000				$	1

A list of the open futures contracts held by the Fund at February 28, 2026, is as follows:

Type of Contract	Number of Contracts	Expiration Date	Notional Amount (Thousands)			Value(Thousands)			Unrealized Appreciation (Depreciation)(Thousands)
Long Contracts
U.S. 2-Year Treasury Note	74	Jun-2026	$	15,462		$	15,486		$	24
U.S. 5-Year Treasury Note	5	Jun-2026		548			551			3
				16,010			16,037			27
Short Contracts
Australian 10-Year Bond	(11)	Mar-2026	$	(801	)	$	(867	)	$	(8	)
Australian 3-Year Bond	(2)	Mar-2026		(141	)		(149	)		–
Euro-BOBL	(4)	Mar-2026		(550	)		(555	)		(2	)
Euro-BUND 10-Year Bond	(3)	Mar-2026		(448	)		(461	)		(6	)
Euro-SCHATZ	(7)	Mar-2026		(877	)		(884	)		(2	)
Long GILT 10-Year Bond	(2)	Jun-2026		(249	)		(252	)		(4	)
U.S. Ultra Long Treasury Bond	(1)	Jun-2026		(120	)		(122	)		(2	)
Ultra 10-Year U.S. Treasury Note	(1)	Jun-2026		(116	)		(117	)		(1	)
				(3,302	)		(3,407	)		(25	)
			$	12,708		$	12,630		$	2

A list of the open forward foreign currency contracts held by the Fund at February 28, 2026, is as follows:

Counterparty	Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation)(Thousands)
Goldman Sachs	04/01/26	USD	28	AUD	40	$	1
Goldman Sachs	04/01/26	AUD	81	USD	54		(4	)
Goldman Sachs	04/01/26	EUR	103	USD	121		—
Montgomery/Bank of America	04/01/26	GBP	104	USD	141		1
Montgomery/Bank of America	04/01/26	GBP	84	USD	112		(1	)
Montgomery/Bank of America	04/01/26	EUR	550	USD	646		(4	)
Montgomery/Bank of America	04/01/26	AUD	1,227	USD	824		(50	)
						$	(57	)

	Percentages are based on Net Assets of $253,416 ($ Thousands).
^**	The rate reported is the 7-day effective yield as of February 28, 2026.
^†	Investment in Affiliated Security (see Note 5).
^(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

^(B)	Security, or a portion thereof, 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 February 28, 2026, the value of these securities amounted to $59,049 ($ Thousands), representing 23.3% of the Net Assets of the Fund.
^(C)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.
^(D)	Interest rate represents the security's effective yield at the time of purchase.
^(E)	Security is in default on interest payment.
^(F)	Zero coupon security.
^(G)	Perpetual security with no stated maturity date.
^(H)	No interest rate available.

SEI Catholic Values Trust

SCHEDULE OF INVESTMENTS

February 28, 2026

Catholic Values Fixed Income Fund (Concluded)

ABS — Asset-Backed Security

ARM — Adjustable Rate Mortgage

AUD – Australian Dollar

Cl — Class

CLO — Collateralized Loan Obligation

CMO — Collateralized Mortgage Obligation

DAC — Designated Activity Company

EUR – Euro

EUSA5 – Euro 5-Year Interest Rate Swap

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GBP – Great British Pound

GNMA — Government National Mortgage Association

GO — General Obligation

H15T1Y — U.S. Treasury Yield Curve Rate T Note Constant Maturity 1 Year

H15T5Y — U.S. Treasury Yield Curve Rate T Note Constant Maturity 5 Year

IO — Interest Only — face amount represents notional amount

LP — Limited Partnership

MTN — Medium Term Note

RB — Revenue Bond

REIT — Real Estate Investment Trust

REMIC — Real Estate Mortgage Investment Conduit

RFUCCT1Y — Refinitiv USD IBOR Consumer Cash Fallbacks Term 1-year

Ser — Series

SOFR — Secured Overnight Financing Rate

SOFR30A — Secured Overnight Financing Rate 30-day Average

STACR — Structured Agency Credit Risk

TBA — To Be Announced

TSFR1M — Term Secured Overnight Financing Rate 1 Month

TSFR3M — Term Secured Overnight Financing Rate 3 Months

UMBS – Unified Mortgage-Backed Securities

USD – United States Dollar

The following is a summary of the level of inputs used as of February 28, 2026, in valuing the Fund's investments and other financial instruments carried at value ($ Thousands):

	Level 1		Level 2		Level 3		Total
Investments in Securities	($)		($)		($)		($)
Mortgage-Backed Securities		–		98,188		–		98,188
U.S. Treasury Obligations		–		81,396		–		81,396
Corporate Obligations		–		58,694		–		58,694
Asset-Backed Securities		–		29,502		–		29,502
Sovereign Debt		–		1,475		–		1,475
Municipal Bonds		–		1,323		–		1,323
Convertible Bond		–		108		–		108
Cash Equivalent		29,608		–		–		29,608
Purchased Swaptions		–		1		–		1
Total Investments in Securities		29,608		270,687		–		300,295

Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		27			–			–		27
Unrealized Depreciation		(25	)		–			–		(25	)
Forward Contracts*
Unrealized Appreciation		–			2			–		2
Unrealized Depreciation		–			(59	)		–		(59	)
Total Other Financial Instruments		2			(57	)		–		(55	)

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

28	SEI Catholic Values Trust

The following is a summary of the Fund’s transactions with affiliates for the year ended February 28, 2026 ($ Thousands):

Security Description		Value 2/28/2025				Purchases at Cost				Proceeds from Sales				Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Value 2/28/2026				Income				Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class		$	4,366			$	438,214			$	(412,972	)		$	—			$	—			$	29,608			$	530			$	—

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

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

SEI Catholic Values Trust

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

February 28, 2026

	Catholic Values Equity Fund		Catholic Values Fixed Income Fund
Assets:
Investments, at Value ^†	$	420,904	$	270,687
Affiliated Investments, at Value ^††		5,670		29,608
Cash		1,235		49
Cash Collateral on Futures		435		300
Foreign Currency, at Value ^†††		3		24
Receivable for Investment Securities Sold		234		2,397
Dividends and Interest Receivable		393		1,479
Unrealized Appreciation on Forward Foreign Currency Contracts		–		2
Foreign Tax Reclaim Receivable		232		–
Receivable for Variation Margin on Futures Contracts		–		22
Prepaid Expenses		12		7
Total Assets		429,118		304,575
Liabilities:
Payable for Investment Securities Purchased		49		50,647
Payable for Fund Shares Redeemed		66		57
Income Distribution Payable		–		8
Payable for Variation Margin on Futures Contracts		28		177
Administration Fees Payable		92		24
Shareholder Servicing Fees Payable, Class F		31		15
Unrealized Depreciation on Forward Foreign Currency Contracts		–		59
Chief Compliance Officer Fees Payable		1		1
Investment Advisory Fees Payable		137		58
Due to Broker		–		56
Professional Fees Payable		43		25
Accrued Expense Payable		–		32
Total Liabilities		447		51,159
Net Assets	$	428,671	$	253,416
^† Cost of Investments	$	263,734	$	270,544
^†† Cost of Affiliated Investments		5,670		29,608
^††† Cost of Foreign Currency		3		23
Net Assets:
Paid-in Capital — (Unlimited Authorization — No Par Value)	$	262,009	$	275,629
Total Distributable Earnings (Accumulated Losses)		166,662		(22,213	)
Net Assets	$	428,671	$	253,416
Net Asset Value, Offering and Redemption Price Per Share — Class F	$	17.45	$	8.88
		($404,821,977 ÷ 23,196,887 shares)		($191,374,391 ÷ 21,553,657 shares)
Net Asset Value, Offering and Redemption Price Per Share — Class Y	$	17.42	$	8.88
		($23,849,516 ÷ 1,369,325 shares)		($62,041,950 ÷ 6,989,752 shares)

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

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

30	SEI Catholic Values Trust

STATEMENTS OF OPERATIONS ($ Thousands)

For the year ended February 28, 2026

	Catholic Values Equity Fund			Catholic Values Fixed Income Fund
Investment Income:
Dividends	$	6,650		$	–
Income from Affiliated Investments(1)		244			530
Interest Income		96			10,214
Less: Foreign Taxes Withheld		(230	)		–
Total Investment Income		6,760			10,744
Expenses:
Investment Advisory Fees		2,406			824
Administration Fees		1,203			471
Shareholder Servicing Fees, Class F Shares		943			444
Trustees' Fees		11			7
Chief Compliance Officer Fees		3			2
Registration Fees		58			36
Professional Fees		54			33
Printing Fees		35			20
Pricing Fees		31			141
Custodian/Wire Agent Fees		28			36
Interest Expense		1			–
Proxy Fees		1			1
Other Expenses		51			29
Total Expenses		4,825			2,044
Less:
Waiver of Investment Advisory Fees		(733	)		(118	)
Waiver of Shareholder Servicing Fees, Class F Shares		(566	)		(267	)
Waiver of Administration Fees		(95	)		(49	)
Net Expenses		3,431			1,610
Net Investment Income		3,329			9,134
Net Realized Gain (Loss) on:
Investments		22,439			646
Futures Contracts		646			(47	)
Forward Foreign Currency Contracts		–			(17	)
Foreign Currency Transactions		13			(115	)
Purchased Options and Swaptions		–			(24	)
Net Realized Gain		23,098			443
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		35,110			4,322
Futures Contracts		170			(1	)
Forward Foreign Currency Contracts		–			(57	)
Foreign Currency and Translation of Other Assets and Liabilities Denominated in Foreign Currencies		23			2
Purchased Options and Swaptions		–			(21	)
Net Change in Unrealized Appreciation (Depreciation)		35,303			4,245
Net Realized and Unrealized Gain		58,401			4,688
Net Increase in Net Assets Resulting from Operations	$	61,730		$	13,822

(1)	See Note 5 in the 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 Catholic Values Trust

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years ended February 28

	Catholic Values Equity Fund						Catholic Values Fixed Income Fund
		2/28/2026			2/28/2025			2/28/2026			2/28/2025
Operations:
Net Investment Income	$	3,329		$	3,493		$	9,134		$	8,129
Net realized gain (loss)		23,098			25,430			443			(7,438	)
Net change in unrealized appreciation (depreciation)		35,303			19,118			4,245			10,556
Net Increase in Net Assets Resulting from Operations		61,730			48,041			13,822			11,247
Distributions:
Class F		(25,245	)		(23,019	)		(6,696	)		(5,914	)
Class Y		(1,486	)		(2,312	)		(2,229	)		(1,974	)
Total Distributions		(26,731	)		(25,331	)		(8,925	)		(7,888	)
Capital Share Transactions:
Class F:
Proceeds from Shares Issued		16,218			5,937			21,180			17,244
Reinvestment of Dividends & Distributions		24,972			22,852			6,624			5,877
Cost of Shares Redeemed		(25,058	)		(22,264	)		(6,780	)		(6,160	)
Net Increase in Net Assets from Class F Transactions		16,132			6,525			21,024			16,961
Class Y:
Proceeds from Shares Issued		3,230			46			7,999			1,027
Reinvestment of Dividends & Distributions		1,484			2,311			2,225			1,973
Cost of Shares Redeemed		(17,552	)		(1,997	)		(3,147	)		(1,519	)
Net Increase (Decrease) in Net Assets from Class Y Transactions		(12,838	)		360			7,077			1,481
Net Increase in Net Assets Derived from Capital Share Transactions		3,294			6,885			28,101			18,442
Net Increase in Net Assets		38,293			29,595			32,998			21,801
Net Assets:
Beginning of Year		390,378			360,783			220,418			198,617
End of Year	$	428,671		$	390,378		$	253,416		$	220,418
Capital Share Transactions:
Class F:
Shares Issued		975			368			2,419			2,008
Shares Issued in Lieu of Dividends & Distributions		1,469			1,448			759			682
Shares Redeemed		(1,458	)		(1,431	)		(779	)		(717	)
Net Increase in Shares Outstanding from Share Transactions		986			385			2,399			1,973
Class Y:
Shares Issued		221			3			926			119
Shares Issued in Lieu of Dividends & Distributions		87			147			255			229
Shares Redeemed		(1,119	)		(124	)		(362	)		(176	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(811	)		26			819			172

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

32	SEI Catholic Values Trust

FINANCIAL HIGHLIGHTS

For the years ended February 28, or February 29,

For a share outstanding throughout the years

	Net Asset Value, Beginning of Year		Net Investment Income⁽¹⁾		Net Realized and Unrealized Gains (Losses)⁽¹⁾			Total from Operations			Dividends from Net Investment Income			Distributions from Net Realized Gains			Total Dividends and Distributions			Net Asset Value, End of Year		Total Return^†			Net Assets End of Year ($ Thousands)		Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment Income to Average Net Assets			Portfolio Turnover Rate^†
Catholic Values Equity Fund
Class F
2026	$	16.01	$	0.14	$	2.44		$	2.58		$	(0.15	)	$	(0.99	)	$	(1.14	)	$	17.45		16.37	%	$	404,822		0.86	%		1.22	%		0.82	%		21	%
2025		15.05		0.15		1.91			2.06			(0.14	)		(0.96	)		(1.10	)		16.01		13.85			355,574		0.78			1.31			0.94			19
2024		12.59		0.15		2.49			2.64			(0.14	)		(0.04	)		(0.18	)		15.05		21.08			328,426		0.78			1.24			1.10			28
2023		14.12		0.14		(1.23	)		(1.09	)		(0.13	)		(0.31	)		(0.44	)		12.59		(7.57	)		286,483		0.86			1.24			1.07			33
2022		15.20		0.10		1.34			1.44			(0.10	)		(2.42	)		(2.52	)		14.12		8.72			314,736		0.86			1.23			0.61			37
Class Y
2026	$	15.97	$	0.16	$	2.43		$	2.59		$	(0.15	)	$	(0.99	)	$	(1.14	)	$	17.42		16.50	%	$	23,849		0.76	%		0.97	%		0.93	%		21	%
2025		15.02		0.15		1.92			2.07			(0.16	)		(0.96	)		(1.12	)		15.97		13.91			34,804		0.77	⁽²⁾		0.98			0.95			19
2024		12.57		0.15		2.48			2.63			(0.14	)		(0.04	)		(0.18	)		15.02		21.04			32,357		0.76			0.99			1.10			28
2023		14.09		0.15		(1.22	)		(1.07	)		(0.14	)		(0.31	)		(0.45	)		12.57		(7.42	)		26,934		0.76			0.99			1.17			33
2022		15.17		0.11		1.35			1.46			(0.12	)		(2.42	)		(2.54	)		14.09		8.82			29,986		0.76			0.98			0.68			37
Catholic Values Fixed Income Fund
Class F
2026	$	8.70	$	0.34	$	0.17		$	0.51		$	(0.33	)	$	—		$	(0.33	)	$	8.88		5.98	%	$	191,374		0.71	%		0.93	%		3.86	%		237	%
2025		8.57		0.33		0.12			0.45			(0.32	)		—			(0.32	)		8.70		5.31			166,724		0.63			1.02			3.81			229
2024		8.60		0.30		(0.06	)		0.24			(0.24	)		(0.03	)		(0.27	)		8.57		2.77			147,200		0.63			1.00			3.48			105
2023		9.87		0.22		(1.27	)		(1.05	)		(0.22	)		—			(0.22	)		8.60		(10.70	)		130,176		0.71			0.97			2.51			101
2022		10.34		0.15		(0.38	)		(0.23	)		(0.21	)		(0.03	)		(0.24	)		9.87		(2.29	)		147,409		0.71			0.97			1.48			76
Class Y
2026	$	8.70	$	0.34	$	0.18		$	0.52		$	(0.34	)	$	—		$	(0.34	)	$	8.88		6.08	%	$	62,042		0.61	%		0.68	%		3.96	%		237	%
2025		8.57		0.33		0.13			0.46			(0.33	)		—			(0.33	)		8.70		5.42			53,694		0.61			0.69			3.83			229
2024		8.61		0.30		(0.06	)		0.24			(0.25	)		(0.03	)		(0.28	)		8.57		2.75			51,417		0.61			0.75			3.50			105
2023		9.88		0.23		(1.28	)		(1.05	)		(0.22	)		—			(0.22	)		8.61		(10.65	)		39,606		0.61			0.72			2.60			101
2022		10.35		0.16		(0.38	)		(0.22	)		(0.22	)		(0.03	)		(0.25	)		9.88		(2.21	)		46,076		0.61			0.72			1.58			76

†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.76%.

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

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

SEI Catholic Values Trust

NOTES TO FINANCIAL STATEMENTS

February 28, 2026

1. ORGANIZATION

SEI Catholic Values Trust (the “Trust”) is organized as a Delaware statutory trust under a Declaration of Trust dated December 8, 2014.

The Trust is registered under the Investment Company Act of 1940, as amended, as a diversified, open-end investment company with two operational Funds: Catholic Values Equity Fund (“Equity Fund”) and Catholic Values Fixed Income Fund (“Fixed Income Fund”) (each a “Fund,” collectively, the “Funds”), both of which are diversified Funds. The Trust is registered to offer: Class F and Class Y shares of the 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.

In addition to its objective and strategies, each of the Funds makes investment decisions consistent with Catholic values on a range of social and moral concerns that may include: protecting human life; promoting human dignity; reducing arms production; pursuing economic justice; protecting the environment, and encouraging corporate responsibility. Potential investments for the Funds are first selected for financial soundness and then evaluated according to the Funds’ social criteria. The Adviser has engaged an independent compliance support organization that has identified a list of issuers that do not align with Catholic values. The Funds will not invest in issuers identified through this process. The Adviser reserves the right to modify the criteria from time to time to maintain alignment with evolving Catholic social and moral positions.

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 accounting principles generally accepted in the United States of America (“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 —Pursuant to the requirements of the 1940 Act and Rule 2a-5, the administrator, as

delegated by the Board of Trustees (the "Board"), has the responsibility for the valuation of Fund investments with readily available market quotations in accordance with the Funds' Valuation and Pricing Policy. The Trust's Board of Trustees has designated SEI Investments Management Corporation ("SIMC") as the Valuation Designee for the Funds pursuant to Rule 2a-5 (the "Rule") under the 1940 Act. The Valuation Designee has the responsibility for the fair value determination with respect to all Fund investments that do not have readily available market quotations or quotations that are no longer reliable. SIMC, in furtherance of the Board’s designation, has appointed a Valuation Committee (the “Committee”) and has established a Valuation and Pricing Policy to implement the Rule and the Funds’ Valuation and Pricing Policy (together the “Policy”).

When valuing portfolio securities, a Fund values securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (other than securities traded on National Association of Securities Dealers Automated Quotations (“NASDAQ”) or as otherwise noted below) at the last quoted sale price on an exchange or market (foreign or domestic) on which the securities are traded, or, if there is no such reported sale, at the most recent quoted bid price. A Fund values securities traded on NASDAQ at the NASDAQ Official Closing Price. If available, debt securities, swaps (which are not centrally cleared), bank loans or debt tranches of collateralized debt obligations (including collateralized loan obligations), such as those held by the Funds, 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. Redeemable securities issued by open-end investment companies are valued at the investment company’s applicable net asset value, with the exception of exchange-traded funds, which are priced as equity securities. These open-end investment companies’ shares are offered in separate prospectuses, each of which describes the process by which the applicable investment company’s net asset value is determined. The prices of foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates. If a security’s price cannot be obtained, as noted above, or in the case of an equity tranche of a collateralized debt obligations/collateralized loan obligations, a Fund will value the securities using a bid price from at least one independent broker.

34	SEI Catholic Values Trust

On the first day a new debt security purchase is recorded, if a price is not available from a third-party pricing agent or an independent broker, the security may be valued at its purchase price. Each day thereafter, the debt security will be valued according to the Policy until a price from an independent source can be secured. Debt securities held by a Fund with remaining maturities of 60 days or less may be valued by the amortized cost method, which involves valuing a security at its cost on the date of purchase and thereafter (absent unusual circumstances) assuming a constant amortization to maturity of any discount or premium, regardless of the impact of fluctuations in general market rates of interest on the value of the instrument. While this method provides certainty in valuation, it may result in periods during which value, as determined by this method, is higher or lower than the price a Fund would receive if it sold the instrument, and the value of securities in the Fund can be expected to vary inversely with changes in prevailing interest rates. Should existing credit, liquidity or interest rate conditions in the relevant markets and issuer-specific circumstances suggest that amortized cost does not approximate fair value, then the amortized cost method may not be used.

Options and warrants are valued at the last quoted sales price. If there is no such reported sale on the valuation date, long positions are valued at the most recent bid price, and short positions are valued at the most recent ask price.

Futures and swaps cleared through a central clearing house (“centrally cleared swaps”) are valued at the settlement price established each day by the board of exchange on which they are traded. The daily settlement prices for financial futures and centrally cleared swaps are provided by an independent source. On days when there is excessive volume, market volatility or the future or centrally cleared swap does not end trading by the time a Fund calculates its Net Asset Value (“NAV”), the settlement price may not be available at the time at which the Fund calculates its NAV. On such days, the best available price (which is typically the last sales price) may be used to value a Fund’s futures or centrally cleared swaps position.

Foreign currency forward contracts are valued at the current day’s interpolated foreign exchange rate, as calculated using the current day’s spot rate, and the thirty, sixty, ninety and one-hundred eighty day forward rates provided by an independent source.

Prices for most securities held by a Fund are provided daily by third-party independent pricing agents. SIMC or a Sub-Adviser (“Sub-Adviser”), as applicable, reasonably believes that prices provided by independent pricing agents are reliable. However, there can be no assurance

that such pricing service’s prices will be reliable. SIMC will continuously monitors the reliability of prices obtained from any pricing service and shall promptly notify the Funds’ administrator if it believes that a particular pricing service is no longer a reliable source of prices. The Funds’ administrator, in turn, will notify the Committee if it receives such notification from a Sub-Adviser, as applicable, or if the Funds’ administrator reasonably believes that a particular pricing service is no longer a reliable source for prices.

The Policy provides that any change in a primary pricing agent or a pricing methodology requires prior approval by the Board. However, when the change would not materially affect valuation of a Fund’s net assets or involve a material departure in pricing methodology from that of the Fund’s existing pricing agent or pricing methodology, ratification may be obtained at the next regularly scheduled meeting of the Board.

Securities for which market prices are not readily available, for which market prices are determined to be unreliable, or which cannot be valued using the methodologies described above are valued in accordance with Rule 2a-5 and the Policy.

The Valuation Designee must monitor for circumstances that may necessitate that a security be valued using the Fair Value Procedures which can include: (i) the security's trading has been halted or suspended, (ii) the security has been de-listed from a national exchange, (iii) the security's primary trading market is temporarily closed at a time when under normal conditions it would be open, (iv) the security has not been traded for an extended period of time, (v) the security's primary pricing source is not able or willing to provide a price, (vi) trading of the security is subject to local government-imposed restrictions; or (vii) a significant event (as defined below). When a security is valued in accordance with the Policy, the Committee will determine the value after taking into consideration relevant information reasonably available to the Committee. Examples of factors the Committee may consider include: (i) the type of security or asset, (ii) the last trade price, (iii) evaluation of the forces that influence the market in which the security is purchased and sold, (iv) the liquidity of the security, (v) the size of the holding in a Fund or (vi) any other appropriate information.

The Committee is responsible for selecting and applying, in a consistent manner, the appropriate methodologies for determining and calculating the fair value of holdings of the Funds, including specifying the key inputs and assumptions specific to each asset class or holding.

The determination of a security’s fair value price often involves the consideration of a number of subjective factors, and is therefore subject to the unavoidable risk that the value assigned to a security may be higher or lower than the security’s value would be if a reliable market quotation for the security was readily available.

SEI Catholic Values Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

February 28, 2026

For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which a Fund calculates its NAV. The closing prices of such securities may no longer reflect their market value at the time a Fund calculates NAV if an event that could materially affect the value of those securities (a “Significant Event”), including substantial fluctuations in domestic or foreign markets or occurrences not tied directly to the securities markets, such as natural disasters, armed conflicts or significant governmental actions, has occurred between the time of the security’s last close and the time that the Fund calculates NAV. A Fund may invest in securities that are primarily listed on foreign exchanges that trade on weekends or other days when the Fund does not price its shares. As a result, the NAV of the Fund’s shares may change on days when shareholders will not be able to purchase or redeem Fund shares.

A Significant Event may relate to a single issuer or to an entire market sector. If SIMC or a Sub-Adviser becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Funds calculate NAV, it may request that a Committee meeting be called. In addition, with respect to certain securities, the Funds’ administrator performs price comparisons and price movement review (among other processes), to monitor the pricing data supplied by various sources. Any identified discrepancies are researched and subject to the procedures described above.

The Equity Fund and Fixed Income Fund, which may hold international securities, use a third-party fair valuation vendor. The vendor provides a fair value for foreign securities held by the Funds based on certain factors and methodologies (involving, generally, tracking valuation correlations between the U.S. market and each non-U.S. security). Values from the fair value vendor are applied in the event that there is a movement in the U.S. market that exceeds a specific threshold that has been established by the Committee. The Committee has also established a “confidence interval” which is used to determine the level of historical correlation between the value of a specific foreign security and movements in the U.S. market before a particular security will be fair valued when the threshold is exceeded. In the event that the threshold established by the Committee is exceeded

on a specific day, these Funds will value the non-U.S. securities in their portfolios that exceed the applicable “confidence interval” based upon the adjusted prices provided by the fair valuation vendor.

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

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

Level 1 — quoted prices in active markets for identical investments;

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risks, etc.) or quoted prices for identical instruments in inactive markets; and

Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).

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.

Debt securities are valued in accordance with the evaluated bid price supplied by the pricing service and generally categorized as Level 2 in the hierarchy. Other securities that are categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, warrants, swaps and forward contracts.

The valuation techniques used by the Funds to measure fair value during the year ended February 28, 2026 maximized the use of observable inputs and minimized the use of unobservable inputs.

36	SEI Catholic Values Trust

For the year ended February 28, 2026, there have been no significant changes to the Trust’s fair valuation methodologies. For details of the investment classifications reference the Schedules of Investments.

Security Transactions and Investment Income —

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

Distributions received on securities that represent a return of capital or capital gains 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.

Amortization and accretion is calculated using the scientific interest method, which approximates the effective interest method over the holding period of the security, which is not materially different from the effective interest method. Amortization of premiums and discounts is included in interest income.

Foreign Currency Translation — The books and records of the Funds investing in international securities are maintained in U.S. dollars on the following basis:

(i) market value of investment securities, assets and liabilities at the current rate of exchange; and

(ii) purchases and sales of investment securities, income and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions.

The Funds do not isolate that portion of gains and losses on investments in equity securities that is due to changes in the foreign exchange rates from that which is due to changes in market prices of equity securities.

The Funds report certain foreign-currency-related transactions as components of realized gains for financial reporting purposes, whereas such components are treated as ordinary income for Federal income tax purposes.

Forward Foreign Currency Contracts — To the extent consistent with its Investment Objective and Strategies, a Fund may enter into forward foreign currency contracts as hedges against either specific transactions, fund positions or anticipated fund positions. A Fund may also engage in currency transactions to enhance that Fund’s returns. All commitments are “marked-to-market” daily at the applicable foreign exchange rate, and any resulting unrealized gains or losses are recorded

currently. The Funds realize gains and losses at the time forward contracts are extinguished. Unrealized gains or losses on outstanding positions in forward foreign currency contracts held at the close of the period are recognized as ordinary income or loss for Federal income tax purposes.

The Funds could be exposed to risk if the counterparties to the contracts are unable to meet the terms of the contract and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar.

Finally, the risk exists that losses could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to each Fund’s Schedule of Investments for details regarding open forward foreign currency contracts as of February 28, 2026, if applicable.

Futures Contracts — To the extent consistent with its Investment Objective and Strategies, a Fund may use futures contracts for tactical hedging purposes as well as to enhance the Fund’s returns. In addition, fixed income funds will utilize futures contracts to help manage duration and yield curve exposure. These Funds’ investments in futures contracts are designed to enable the Funds to more closely approximate the performance of their benchmark indices. Initial margin deposits of cash or securities are made upon entering into futures contracts. The contracts are market-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 contracts are 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, futures contracts involve the risk that a Fund could lose more than the original margin deposit required to initiate a futures transaction.

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

It is the Funds’ policy to present the gross variation margin payable and the gross variation margin receivable of the future contracts separately on the Statements of Assets and Liabilities as the Funds do not have a master netting agreement with the counter party to the future contracts.

SEI Catholic Values Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

February 28, 2026

Refer to each Fund’s Schedule of Investments for details regarding open futures contracts as of February 28, 2026, if applicable.

Master Limited Partnerships — Investments in units of master limited partnerships (“MLPs”) involve risks that differ from an investment in common stock. Holders of the units of master limited partnerships have more limited control and limited rights to vote on matters affecting the partnership. There are also certain tax risks associated with an investment in units of master limited partnerships. In addition, conflicts of interest may exist between common unit holders, subordinated unit holders and the general partner of a master limited partnership, including a conflict arising as a result of incentive distribution payments. The benefit a Fund derives from investment in MLP units is largely dependent on the MLPs being treated as partnerships and not as corporations for federal income tax purposes. If an MLP were classified as a corporation for federal income tax purposes, there would be reduction in the after-tax return to a Fund of distributions from the MLP, likely causing a reduction in the value of a Fund's shares. MLP entities are typically focused in the energy, natural resources and real estate sectors of the economy. A downturn in the energy, natural resources or real estate sectors of the economy could have an adverse impact on a Fund. At times, the performance of securities of companies in the energy, natural resources and real estate sectors of the economy may lag the performance of other sectors or the broader market as a whole.

Inflation-Indexed Bonds — Inflation-indexed bonds are fixed income securities whose principal value is periodically adjusted according to the rate of inflation. If the index measuring inflation rises or falls, the principal value of inflation-indexed bonds will be adjusted upward or downward, and consequently the interest payable on these securities (calculated with respect to a larger or smaller principal amount) will be increased or reduced, respectively. Any upward or downward adjustment in the principal amount of an inflation-indexed bond will be included in interest income in the Statements of Operations, even though investors do not receive their principal until maturity. Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds. For bonds that do not provide a similar guarantee, the adjusted principal value of the bond repaid at maturity may be less than the original principal.

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

liability or an asset and is subsequently adjusted to the current market value of the option written or purchased. Premiums received or paid from purchasing or writing options which expire unexercised are treated by the Fund on the expiration date as realized gains or losses. The difference between the premium and the amount paid or received on effecting a closing purchase or sale transaction, including brokerage commissions, is also treated as a realized gain or loss. If an option is exercised, the premium paid or received is added to the cost of the purchase or proceeds from the sale in determining whether the Fund has realized a gain or a loss. The risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases. The risk in writing a put option is that the Fund may incur a loss if the market price of the security decreases and the option is exercised. The risk in purchasing an option is that the Fund pays a premium whether or not the option is exercised. The Fund also has the additional risk of being unable to enter into a closing transaction at an acceptable price if a liquid secondary market does not exist. Option contracts also involve the risk that they may not work as intended due to unanticipated developments in market conditions or other causes. In connection with option agreement securities may be set aside as collateral by a Fund’s custodian.

Finally, the risk exists that losses on written options could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to each Fund’s Schedule of Investments for details regarding open options contracts as February 28, 2026, if applicable.

Securities Sold Short — To the extent consistent with its Investment Objective and Strategies, a Fund may engage in short sales. Short sales are transactions under which a Fund sells a security it does not own. To complete such a transaction, the Fund must borrow the security to make delivery to the buyer. A Fund then is obligated to replace the security borrowed by purchasing the security at the market price at the time of the replacement. The price at such time may be more or less than the price at which the security was sold by a Fund. Until the security is replaced, a Fund is required to pay the lender amounts equal to any dividends or interest that accrue during the period of the loan. Dividends and interest are shown as an expense for financial reporting purposes. To borrow the security, a Fund also may be required to pay a premium, which would decrease proceeds of the security sold. The proceeds of the short sale are retained by the broker, to the extent necessary to meet margin requirements, until the short position is closed out. A gain, limited to the price at which a Fund sold the security short, or a loss, unlimited in size, will be recognized upon the close of a short sale.

38	SEI Catholic Values Trust

Refer to each Fund’s Schedule of Investments for details regarding securities sold short as of February 28, 2026, if applicable.

Swap Agreements — To the extent consistent with its Investment Objective and Strategies, a Fund may invest in swap contracts as an efficient means to synthetically obtain exposure to securities or baskets of securities and to manage a Fund’s interest rate duration and yield curve exposure. Swap contracts may also be used to mitigate a Fund’s overall level of risk and/or a Fund’s risk to particular types of securities, currencies or market segments. Interest rate swaps may further be used to manage a Fund’s yield spread sensitivity. A Fund may buy credit default swaps in an attempt to manage credit risk where a Fund has credit exposure to an issuer, and a Fund may sell credit default swaps to more efficiently gain credit exposure to a security or basket of securities. 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. Swap agreements are privately negotiated in the over-the-counter market (“OTC swaps”) or may be executed in a multilateral or other trade facility platform, such as a registered commodities exchange (“Centrally Cleared swaps”). 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. 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 Statements 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.

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 Statements of Operations. Centrally Cleared swaps are valued at the settlement price established each day by the board on exchange on which they are traded. The daily settlement prices for centrally cleared swaps are provided by an independent source. Net payments of interest are recorded as realized gains or losses. Daily changes in valuation of Centrally Cleared swaps, if any, are recorded as a receivable or payable for the change in value as appropriate (“Variation Margin”) on the Statements of Assets and Liabilities.

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.

It is the Funds’ policy to present the gross variation margin payable and the gross variation margin receivable of the swap contracts separately on the Statements of Assets and Liabilities as the Funds do not have a master netting agreement with the counter party to the swap contracts. See Note 3 for further details. Refer to each Fund's Schedule of Investments for details regarding open swap contracts as of February 28, 2026, if applicable.

Delayed Delivery Transactions — To the extent consistent with its Investment Objective and Strategies, a Fund may purchase or sell securities on a when-issued or delayed delivery basis. These transactions involve a commitment by the Fund to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period. When delayed delivery purchases are outstanding, the Fund will set aside liquid assets in an amount sufficient to meet the purchase price. When purchasing a security on a delayed delivery basis, the Fund assumes the rights and risks of ownership of the security, including the risk of price and yield fluctuations, and takes such fluctuations into account when determining its NAV. The Fund may dispose of or renegotiate a delayed delivery transaction after it is entered into, and may sell when-issued securities before they are delivered, which may result in a capital gain or loss. When the Fund has sold a security on a delayed delivery basis, the Fund does not participate in future gains and losses with respect to the security.

SEI Catholic Values Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

February 28, 2026

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, 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 trust typically has a higher rating and lower yield than its underlying securities, and can be rated investment grade. Despite the protection from the equity tranche, CDO tranches can experience substantial losses due to actual defaults, increased sensitivity to defaults due to collateral default and disappearance of protecting tranches, market anticipation of defaults, as well as aversion to CDO securities as a class.

The risks of an investment in a CDO depend largely on its Class and its collateral securities. Normally, CLOs and other CDOs are privately offered and sold, and thus, are not registered under the securities laws. As a result, investments in CDOs may be characterized by the Funds as illiquid securities; however, an active dealer market may exist for CDOs, allowing a CDO to qualify for Rule 144A transactions. In addition to the normal risks associated with fixed income securities (e.g., interest rate risk and default risk), CDOs carry additional risks including, but not limited to: (i) the possibility

that distributions from collateral securities will not be adequate to make interest or other payments; (ii) the quality of the collateral may decline in value or default; (iii) the Funds may invest in CDOs that are subordinate to other classes; and (iv) the complex structure of the security may not be fully understood at the time of investment and may produce disputes with the issuer or unexpected investment results.

Restricted Securities — Throughout the period, the Funds may own private placement investments that were purchased through private offerings or acquired through initial public offerings that could not be sold without prior registration under the Securities Act of 1933 or pursuant to an exemption there from. In addition, the Funds had generally agreed to further restrictions on the disposition of certain holdings as set forth in various agreements entered into in connection with the purchase of those investments. These investments were valued at amortized cost, which approximates fair value, as determined in accordance with the procedures approved by the Board of Trustees. Refer to each Fund’s Schedule of Investments, for details regarding restricted securities as of February 28, 2026, if applicable.

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

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

Cash — Idle cash and currency balances may be swept into various overnight sweep accounts and are classified as cash equivalents on the Statement of Assets and Liabilities. These amounts, at times, may exceed United States federally insured limits. Amounts swept are available on the next business day.

Dividends and Distributions to Shareholders — The Equity Fund will distribute its net investment income annually. The Fixed Income Fund declares its net investment income daily and distributes monthly. The Funds make distributions of capital gains, if any, at least annually.

Investments in Real Estate Investment Trusts (“REITs”) — Dividend income is recorded based on the income included in distributions received from the REIT investments using published REIT reclassifications including some management estimates when actual amounts are not available. For US REITs, distributions received in excess of this estimated amount are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year-end, and may differ from the estimated amounts.

40	SEI Catholic Values Trust

3. CREDIT DERIVATIVES

A Fund may use credit default swaps to reduce risk where a Fund has exposure to the issuer, or to take an active long or short position with respect to the likelihood of an event of default. The reference obligation of the swap can be a single issuer, a “basket” of issuers, or an index. The underlying referenced assets are corporate debt, sovereign debt and asset backed securities.

The buyer of a credit default swap is generally obligated to pay the seller a periodic stream of payments over the term of the contract in return for a contingent payment upon the occurrence of a credit event with respect to an underlying reference obligation. Generally, a credit event for corporate or sovereign reference obligations means bankruptcy, failure to pay, obligation acceleration, repudiation/moratorium or restructuring. For credit default swaps on asset-backed securities, credit event may be triggered by events such as failure to pay principal, maturity extension, rating downgrade or write-down.

If a Fund is a seller of protection, and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will generally either (i) pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index.

If a Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value.

4. DERIVATIVE TRANSACTIONS

The following tables include only Funds that had exposure to derivatives held throughout the period. For Funds that held derivatives throughout the period with only one type of risk exposure, additional information can be found on the Schedules of Investments and the Statements of Operations.

The fair value of derivative instruments as of February 28, 2026 was as follows ($ Thousands):

Asset Derivatives

Liability Derivatives

Statements of Assets and Liabilities Location

Fair Value

Statements of Assets and Liabilities Location

Fair Value

Derivatives not accounted for as hedging instruments:

Catholic Values Equity Fund

Equity contracts

Unrealized appreciation on futures contracts

Unrealized depreciation on futures contracts

—

Total Derivatives not accounted for as hedging instruments

—

SEI Catholic Values Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

February 28, 2026

	Asset Derivatives				Liability Derivatives
	Statements of Assets and Liabilities Location	Fair Value			Statements of Assets and Liabilities Location	Fair Value
Derivatives not accounted for as hedging instruments:
Catholic Values Fixed Income Fund
Interest rate contracts	Purchased swaptions contracts, at value	$	1	*	Written swaptions contracts, at value	$	—	*
	Unrealized appreciation on futures contracts	$	27	*	Unrealized depreciation on futures contracts	$	25	*
Foreign Exchange contracts	Unrealized appreciation on forward foreign currency contracts	$	2		Unrealized depreciation on forward foreign currency contracts	$	59
Total Derivatives not accounted for as hedging instruments		$	30			$	84

*	Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Assets & Liabilities.

The effect of derivative instruments on the Statements of Operations for the year ended February 28, 2026.

Amount of realized gain or (loss) on derivatives recognized in income ($ Thousands):

Derivatives Not Accounted for as Hedging Instruments	Purchased Options and Swaptions			Written Options and Swaptions		Futures			Forward Currency Contracts			Swaps		Total
Catholic Values Equity Fund
Equity contracts	$	—		$	—	$	647		$	—		$	—	$	647
Total	$	—		$	—	$	647		$	—		$	—	$	647

Catholic Values Fixed Income Fund
Interest rate contracts	$	(24	)	$	—	$	(47	)	$	—		$	—	$	(71	)
Foreign exchange contracts		—			—		—			(17	)		—		(17	)
Total	$	(24	)	$	—	$	(47	)	$	(17	)	$	—	$	(88	)

Change in unrealized appreciation or (depreciation) on derivatives recognized in income ($ Thousands):

Derivatives Not Accounted for as Hedging Instruments	Purchased Options and Swaptions			Written Options and Swaptions		Futures			Forward Currency Contracts			Swaps		Total
Catholic Values Equity Fund
Equity contracts	$	—		$	—	$	170		$	—		$	—	$	170
Total	$	—		$	—	$	170		$	—		$	–	$	170

Catholic Values Fixed Income Fund
Interest rate contracts	$	(21	)	$	—	$	(1	)	$	—		$	—	$	(22	)
Foreign exchange contracts		—			—		—			(57	)		—		(57	)
Total	$	(21	)	$	—	$	(1	)	$	(57	)	$	–	$	(79	)

42	SEI Catholic Values Trust

The following table discloses the average quarterly balances of the Funds’ derivative activity during the year ended February 28, 2026 ($ Thousands):

	Catholic Values Equity Fund		Catholic Values Fixed Income Fund
Futures Contracts:
Average Notional Balance Long	$	5,370	$	21,698
Average Notional Balance Short		–		1,413
Forward Foreign Currency Contracts:
Average Notional Balance Long		–		813
Average Notional Balance Short		–		827
Options/Swaptions:
Average Notional Balance Long^†		–		25
Average Notional Balance Short^†		–		–

^†	Represents cost.

A Fund is subject to various netting arrangements with select counterparties (“Master Agreements”). Master Agreements govern the terms of certain transactions, and reduce the counterparty risk associated with relevant transactions by specifying credit protection mechanisms and providing standardization that improves legal certainty. Since different types of transactions have different mechanics and are sometimes traded out of different legal entities of a particular counterparty organization, each type of transaction may be covered by a different Master Agreement, resulting in the need for multiple agreements with a single counterparty. As the Master Agreements are specific to unique operations of different asset types, they allow a Fund to close out and net its total exposure to a specific counterparty entity in the event of a default with respect to all the transactions governed under a single agreement with a specific counterparty entity.

Master Agreements can also help limit counterparty risk by specifying collateral posting arrangements at pre-arranged exposure levels. Under the Master Agreements, collateral is routinely transferred if the total net exposure to certain transactions (net of existing collateral already in place) governed under the relevant Master Agreement with a counterparty in a given account exceeds a specified threshold, which typically ranges from zero to $250,000 depending on the counterparty and the type of Master Agreement. United States Treasury Securities and U.S. dollar cash are generally the preferred forms of collateral. Securities and cash pledged as collateral are reflected as assets on the Statements of Assets and Liabilities as either a component of investments at value (securities) or deposits due from counterparties (cash). Cash collateral received is not typically held in a segregated account and as such is reflected as a liability on the Statements of Assets and Liabilities as deposits due

to counterparties. The market value of any securities received as collateral is not reflected as a component of net asset value. A Fund’s overall exposure to counterparty risk can change substantially within a short period, as it is affected by each transaction subject to the relevant Master Agreement.

Customer Account Agreements and related addendums govern exchange traded derivatives transactions such as futures, options on futures, and centrally cleared swaps. Exchange traded derivative transactions require posting of initial margin as determined by each relevant clearing agency which is segregated at a broker account registered with the Commodities Futures Trading Commission (“CFTC”), or the applicable regulator. In the U.S., counterparty risk is reduced as placement due to the Fund assets in the segregated account. Additionally, portability of exposure in the event of default further reduces risk to the Funds. Variation margin, or changes in market value, are exchanged daily, but may not be netted between futures and cleared OTC derivatives. Refer to each Funds Statement of Assets and Liabilities for market value, variation margin and collateral of exchange-traded or centrally cleared financial derivative instruments.

International Swaps and Derivatives Association, Inc. Master Agreements and Credit Support Annexes (“ISDA Master Agreements”) govern OTC financial derivative transactions entered into by a Fund and select counterparties. ISDA Master Agreements maintain provisions for general obligations, representations, agreements, collateral and events of default or termination. Events of termination include conditions that may entitle counterparties to elect to terminate early and cause settlement of all outstanding transactions under the applicable ISDA Master Agreement. Any election to terminate early could be material to the financial statements. In limited circumstances, the ISDA Master Agreement may contain additional provisions that add additional counterparty protection beyond coverage of existing daily exposure if the counterparty has a decline in credit quality below a predefined level. These amounts, if any, may be segregated with a third party custodian.

SEI Catholic Values Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

February 28, 2026

5. INVESTMENT ADVISORY, ADMINISTRATION AND DISTRIBUTION AGREEMENTS, INVESTMENT SUB-ADVISORY AGREEMENTS AND OTHER TRANSACTIONS WITH AFFILIATES

Investment Advisory, Administration, Distribution and Custodian Agreements —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”) is the distributor of the shares of the Funds. The Funds have adopted a shareholder servicing plan (the “Shareholder Servicing Plan”) under which a shareholder servicing fee of up to 0.25% of the average daily net assets of Class F shares of the Funds will be paid to other service providers. Under the Shareholder Servicing Plan, other service providers may perform, or may compensate other service providers for performing, certain shareholder and administrative services.

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, costs associated with litigation-or tax-related services, Trustee fees, prime broker fees, interest and dividend expenses related to short sales and extraordinary expenses not incurred in the ordinary course of the Funds’ business) at a specified level.

The waivers by the Funds’ Adviser, Administrator and/or Distributor are limited to the Funds’ direct operating expenses and, therefore, do not apply to indirect expenses incurred by the Funds, such as acquired fund fees and expenses. The waivers are voluntary and the Funds’ Adviser, Administrator and/or Distributor may discontinue all or part of any of these waivers at any time.

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

	Advisory Fee	Shareholder Servicing Fee	Voluntary Expense Limitation
Catholic Values Equity Fund
Class F	0.60%	0.25%	0.86%
Class Y	0.60%	0.00%	0.76%
Catholic Values Fixed Income Fund
Class F	0.35%	0.25%	0.71%
Class Y	0.35%	0.00%	0.61%

SEI Catholic Values Trust

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

	First $1.5 Billion			Next $500 Million			Next $500 Million			Next $500 Million			Over $3 Billion
Catholic Values Equity Fund		0.300	%		0.260	%		0.210	%		0.1700	%		0.120	%
Catholic Values Fixed Income Fund		0.200	%		0.1775	%		0.1550	%		0.1325	%		0.110	%

Investment Sub-Advisory Agreements — As of February 28, 2026, SIMC has entered into Investment Sub-Advisory Agreements with the following parties:

Investment Sub-Adviser

Catholic Values Equity Fund

Acadian Asset Management LLC

Brandywine Global Investment Management, LLC

Brickwood Asset Management LLP

Copeland Capital Management, LLC

Lazard Asset Management LLC

Leeward Investments, LLC

Parametric Portfolio Associates, LLC

Catholic Values Fixed Income Fund

Income Research + Management

Metropolitan West Asset Management, LLC

Under the investment sub-advisory agreements, each sub-adviser receives an annual fee, paid by SIMC.

U.S. Bank, N.A. serves as the custodian of the Fixed Income Fund. Brown Brothers Harriman & Co. serves as the custodian of the Equity Fund. The custodians play no role in determining the investment policies of the Funds or which securities are to be purchased or sold in the Funds.

Investment in Affiliated Securities — The Funds may invest in the SEI Daily Income Trust Government Fund, an affiliated money market fund to manage excess cash or to serve as margin or collateral for derivative positions. Refer to each Fund’s Schedule of Investments for details regarding transactions with affiliates for the year ended February 28, 2026, if applicable.

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

A portion of the services provided by the Chief Compliance Officer (“CCO”) and his staff, whom are employees of the administrator, are paid for by the Trust as incurred.

Interfund Lending — The SEC has granted an exemption that permits the Trust to participate in an interfund

lending program (the “Program”) with existing or future investment companies registered under the 1940 Act that are advised by SIMC (the “SEI Funds”). The Program allows the SEI Funds to lend money to and borrow money from each other for temporary or emergency purposes.

Participation in the Program is voluntary for both borrowing and lending funds.

Interfund loans may be made only when the rate of interest to be charged is more favorable to the lending fund than an investment in overnight repurchase agreements (“Repo Rate”), and more favorable to the borrowing fund than the rate of interest that would be charged by a bank for short-term borrowings (“Bank Loan Rate”). The Bank Loan Rate will be determined using a formula reviewed annually by the Trust’s Board of Trustees. The interest rate imposed on interfund loans is the average of the Repo Rate and the Bank Loan Rate. For the year ended February 28, 2026 the Trust has not participated in the Program.

6. INVESTMENT TRANSACTIONS

The cost of security purchases and the proceeds from the sale and maturities of securities other than temporary cash investments and TBAs, during the year ended February 28, 2026, were as follows:

	U.S. Gov't ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)
Catholic Values Equity Fund
Purchases	$	–	$	83,083	$	83,083
Sales		–		100,727		100,727
Catholic Values Fixed Income Fund
Purchases		516,114		50,761		566,875
Sales		507,141		34,327		541,468

7. 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 —Dividends from net investment income and distributions from net realized capital gains are determined in accordance with U.S. Federal income tax regulations, which may differ from those amounts determined under U.S. GAAP. These book/tax differences are either temporary or permanent in nature. To the extent these differences are permanent, they are charged or credited to paid-in capital or distributable earnings (loss), as appropriate, in the period that the differences arise. The permanent differences are primarily attributable to gains and losses on passive foreign investment companies, perpetual bond adjustments, partnership adjustments, paydown reclasses, foreign currency, and REIT adjustments. The temporary differences are primarily attributable to mark-to-market on open futures, straddle loss deferral, deferred start-up costs, partnership basis adjustments, and passive foreign investment company (PFIC) mark-to-market.

SEI Catholic Values Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

February 28, 2026

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

	Ordinary Income ($ Thousands)		Long-term Capital Gain ($ Thousands)		Total ($ Thousands)
Catholic Values Equity Fund
2026	$	7,296	$	19,435	$	26,731
2025		4,415		20,916		25,331
Catholic Values Fixed Income Fund
2026		8,925		–		8,925
2025		7,888		–		7,888

As of February 28, 2026, 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)
Catholic Values Equity Fund	$	519	$	11,786	$	—		$	—	$	—	$	154,364	$	(7	)	$	166,662
Catholic Values Fixed Income Fund		532		—		(21,087	)		—		—		51		(1,709	)		(22,213	)

For Federal income tax purposes, capital loss carryforwards may be carried forward and applied against future capital gains. Losses carried forward are as follows:

			Short-Term Loss ($ Thousands)				Long-Term Loss ($ Thousands)				Total ($ Thousands)
Catholic Values Fixed Income Fund		$	3,897			$	17,190			$	21,087

During the year ended February 28, 2026, Catholic Values Fixed Income Fund utilized $429,950 in short-term capital loss carryforwards to offset capital gains.

For Federal income tax purposes, the cost of securities owned at February 28, 2026, and net realized gains or losses on securities sold for the period, were different from amounts reported for financial reporting purposes, primarily due to wash sales, partnerships, and PFIC MTM, which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years.

The Federal tax cost and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at February 28, 2026, were as follows:

	Federal Tax Cost ($ Thousands)		Aggregate Gross Unrealized Appreciation ($ Thousands)		Aggregate Gross Unrealized Depreciation ($ Thousands)			Net Unrealized Appreciation/ (Depreciation) ($ Thousands)
Equity Fund Fund	$	272,230	$	174,522	$	(20,158	)	$	154,364
Fixed Income Fund Fund		300,260		4,218		(4,167	)		51

Management has analyzed the Funds’ tax positions taken on Federal income tax returns for all open tax

years and has concluded that as of February 28, 2026, no provision for income tax would be required in the Funds’ financial statements. The Funds’ Federal and state income and Federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue. Policy to record interest and penalties, if any.

SEI Catholic Values Trust

The Funds did not pay any federal of state and local income taxes. Certain Funds paid income taxes in foreign jurisdictions for the year ended February 28, 2026. Cash paid for income taxes, net of refunds received, were as follows:

	Catholic Values Equity Fund ($ Thousands)
Income Taxes by Foreign Jurisdiction:
Brazil	$	13
Canada		25
Denmark		24
Finland		18
France		37
Germany		20
Japan		17
Netherlands		23
South Korea		20
Taiwan		13
Other^*		31
Total Income Taxes Paid, Net of Refunds	$	241

*	Represents foreign jurisdictions where taxes paid, net of refunds received, were less than 5% of the total income taxes paid by the Fund.

8. 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 descriptions provide additional information about some of the risks of investing in the Funds:

Asset-Backed Securities Risk — 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.

Bank Loans Risk — With respect to bank loans, the Fund will assume the credit risk of both the borrower and the lender that is selling the participation in the loan. The Fund may also have difficulty disposing of bank

loans because, in certain cases, the market for such instruments is not highly liquid.

Below Investment Grade Securities (Junk Bonds) Risk — Fixed income securities rated below investment grade (junk bonds) involve greater risks of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate investors for these risks, they are sometimes referred to as “high yield bonds,” but there is no guarantee that an investment in these securities will result in a high rate of return. These risks may be increased in foreign and emerging markets.

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 issuer’s underlying asset portfolio and the issuer’s ability to issue new asset-backed commercial paper.

SEI Catholic Values Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

February 28, 2026

Corporate Fixed Income Securities Risk — Corporate fixed income securities respond to economic developments, especially changes in interest rates, as well as perceptions of the creditworthiness and business prospects of individual issuers.

Catholic Values Investing Risk — The Funds consider the United States Conference of Catholic Bishops' Socially Responsible Investing Guidelines (“Guidelines”) in its investment process and may choose not to purchase, or may sell, otherwise profitable investments in companies which have been identified as being in conflict with the Guidelines. This means that the Funds may underperform other similar mutual funds that do not consider the Guidelines when making investment decisions.

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.

Credit Risk — 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.

Depositary Receipts Risk — Depositary receipts, such as American Depositary Receipts (ADRs), are certificates evidencing ownership of shares of a foreign issuer that are issued by depositary banks and generally trade on an established market. Depositary receipts are subject to many of the risks associated with investing directly in foreign securities, including, among other things, political, social and economic developments abroad, currency movements and different legal, regulatory, tax, accounting and audit environments.

Derivatives Risk — The Fund’s use of futures contracts, forward contracts, options and swaps is subject to market risk, leverage risk, correlation risk, credit risk, valuation risk and liquidity risk. Credit risk is described above. Leverage risk and liquidity risk are described below. Many over-the-counter (OTC) derivative instruments will not have liquidity beyond the counterparty to the investment. Market risk is the risk that the market value of an investment may move up and down, sometimes rapidly and unpredictably.

Correlation risk is the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Valuation risk is the risk that the derivative may be difficult to value and/or valued incorrectly. Each of these risks could cause the Fund to lose more than the principal amount invested in a swap. Some derivatives have the potential for unlimited loss, regardless of the size of the 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 Fund’s use of derivatives may also increase the amount of taxes payable by some shareholders. Both U.S. and non-U.S. regulators have adopted and implemented regulations governing derivatives markets, the ultimate impact of which remains unclear.

Duration Risk — The longer-term securities in which the Fund may invest are more volatile. 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.

Current Market Conditions Risk — Current market conditions risk is the risk that a particular investment, or shares of the Funds in general, may fall in value due to current market conditions. As a means to fight inflation, which remains at elevated levels, the Federal Reserve and certain foreign central banks have raised interest rates and expect to continue to do so, and the Federal Reserve has announced that it intends to reverse previously implemented quantitative easing. U.S. regulators have proposed several changes to market and issuer regulations that could directly impact the Funds, and any regulatory changes could adversely impact the Funds' ability to achieve its investment strategies or make certain investments. Recent and potential future bank failures could result in disruption to the broader banking industry or markets generally and reduce confidence in financial institutions and the economy as a whole, which may also heighten market volatility and reduce liquidity. The ongoing adversarial political climate in the United States, as well as political and diplomatic events both domestic and abroad, have and may continue to have an adverse impact the U.S. regulatory landscape, markets and investor behavior, which could have a negative impact on the Fund’s investments and operations. Other unexpected political, regulatory and diplomatic events within the U.S. and abroad may affect investor and consumer confidence and may adversely impact financial markets and the broader economy. The economies of the United States and its trading partners, as well as the financial markets generally, may be adversely impacted by trade disputes and other matters. If geopolitical conflicts develop or worsen, economies, markets and individual securities may be adversely affected, and the value of the Funds' assets may go down. The COVID-19 global pandemic, or any future public health crisis, and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects. Advancements in technology may also adversely impact markets and the overall performance of the Funds.

SEI Catholic Values Trust

Exchange-Traded Funds Risk — The risks of owning shares of an ETF generally reflect the risks of owning the underlying securities the ETF is designed to track, although lack of liquidity in an ETF could result in its value being more volatile than the underlying portfolio securities. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF's expenses.

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

Foreign Investment/Emerging Markets Risk — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory, tax, accounting and audit environments. These additional risks may be heightened with respect to emerging market countries since political turmoil and rapid changes in economic conditions are more likely to occur in these countries. Investments in emerging markets are subject to the added risk that information in emerging market investments may be unreliable or outdated due to differences in regulatory, accounting or auditing and financial record keeping standards, or because less information about emerging market investments is publicly available. In addition, the rights and remedies associated with emerging market investments may be different than investments in developed markets. A lack of reliable information, rights and remedies increase the risks of investing in emerging markets in comparison to more developed markets. In addition, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may require the Fund to sell such investments at inopportune times, which could result in losses to the Fund.

Foreign Sovereign Debt Securities Risk — The risk that (i) the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or interest when it becomes due, because of factors such as debt service burden, political constraints, cash flow problems and other national economic factors; (ii) governments may default on their debt securities, which may require holders of

such securities to participate in debt rescheduling or additional lending to defaulting governments; and (iii) there is no bankruptcy proceeding by which defaulted sovereign debt may be collected in whole or in part.

Interest Rate Risk — The risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Fund invests. Generally, the value of the Fund’s fixed income securities will vary inversely with the direction of prevailing interest rates. Changing interest rates may have unpredictable effects on the markets and may affect the value and liquidity of instruments held by the Fund. 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.

Investment Style Risk —The risk that the equity or fixed income securities in which a Fund invests may underperform other segments of the equity or fixed income markets or the equity or fixed income markets as a whole.

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

Liquidity Risk — The risk that certain securities may be difficult or impossible to sell at the time and the price that the Fund would like. The Fund 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.

Market Risk — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. The prices of 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 Fund’s 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. Markets may decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, environmental and public health risks, such as natural disasters or epidemics, or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short-and long-term. In response to these events, the Fund’s value may fluctuate and/or the Fund may experience increased redemptions from shareholders, which may impact the Fund’s liquidity or force the Fund to sell securities into a declining or illiquid market.

SEI Catholic Values Trust

NOTES TO FINANCIAL STATEMENTS (Concluded)

February 28, 2026

Manager Risk — The success of the Fund's investment strategy depends both on SIMC's selection of the Sub-Advisers and allocating assets to such Sub-Advisers, as well as the Sub-Advisers' success or failure in implementing the Fund's investment strategies. SIMC or a Sub-Adviser may be incorrect in assessing market trends, the value or growth capability of particular securities or asset classes.

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 Fund’s expectation. 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 the Fund.

Participation Notes (P-Notes) Risk — Participation notes (P-Notes) are participation interest notes that are issued by banks or broker-dealers and are designed to offer

a return linked to a particular underlying equity, debt, currency or market. Investments in P-Notes involve the same risks associated with a direct investment in the underlying foreign companies or foreign securities markets that they seek to replicate. However, there can be no assurance that the trading price of P-Notes will equal the underlying value of the foreign companies or foreign securities markets that they seek to replicate.

Portfolio Turnover Risk — Due to its investment strategy, the Fund may buy and sell securities frequently. This may result in higher transaction costs and taxes subject to ordinary income tax rates as opposed to more favorable capital gains rates, which may affect the Fund’s performance.

Prepayment Risk — 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 Fund to invest the proceeds at generally lower interest rates.

Small and Medium Capitalization Risk —The risk that small and medium capitalization companies in which the Fund may invest may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small capitalization and medium capitalization stocks may be more volatile than those of larger companies. Small capitalization and medium capitalization stocks may be traded over-the-counter (OTC). OTC stocks may trade less frequently and in smaller volume than exchange listed stocks and may have more price volatility than that of exchange-listed stocks.

U.S. Government Securities Risk — Although U.S. Government securities are considered to be among the safest investments, they are still subject to the credit risk of the U.S. Government and 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.

Warrants Risk — Warrants are instruments that entitle the holder to buy an equity security at a specific price for a specific period of time. Warrants may be more speculative than other types of investments. The price of a warrant may be more volatile than the price of its underlying security, and a warrant may offer greater potential for capital appreciation as well as capital loss.

SEI Catholic Values Trust

A warrant ceases to have value if it is not exercised prior to its expiration date.

Please refer to each Fund’s current prospectus for additional disclosure regarding the risks associated with investing in the Funds. The foregoing is not intended to be a complete discussion of the risks associated with the investment strategies of the Funds.

9. CONCENTRATION OF SHAREHOLDERS

SEI Private Trust Company (“SPTC”) and SIMC are subsidiaries of SEI Investments Company. As of February 28, 2026, SPTC held of record the following:

Equity Fund
Class Y	98	%
Class F	98	%
Fixed Income Fund
Class Y	89	%
Class F	89	%

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.

10. SEGMENT REPORTING

The Funds adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280) – “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). Adoption of this standard impacted financial statement disclosures only and did not affect the Funds’ financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. SIMC acts as the Funds’ CODM. The CODM has determined that the Funds represent a single operating segment, as the CODM monitors the operating results of the Funds as a whole and the Funds’ long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Funds’ portfolio managers as a team. The financial information in the form of the Funds’ schedules of investments, total returns, expense ratios and changes

in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions), which are used by the CODM to assess the segment’s performance versus the Funds’ comparative benchmarks and to make resource allocation decisions for the Funds’ single segment, is consistent with that presented within the Funds’ financial statements. Segment assets are reflected on the accompanying Statements of Assets and Liabilities as “total assets” and significant segment expenses are listed on the accompanying Statements of Operations.

11. 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 adjustments were required to the financial statements.

SEI Catholic Values Trust

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of the Funds and Board of Trustees

SEI Catholic Values Trust:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of SEI Catholic Values Trust, comprised of Catholic Values Equity Fund and Catholic Values Fixed Income Fund (collectively, the Funds), including the schedules of investments, as of February 28, 2026, the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights for each of the years in the five-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Funds as of February 28, 2026, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of February 28, 2026, by correspondence with the custodians, transfer agent, and brokers or by other appropriate auditing procedures when replies were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of one or more SEI Funds investment companies since 2005.

Philadelphia, Pennsylvania

April 24, 2026

SEI Catholic Values Trust

NOTICE TO SHAREHOLDERS (Unaudited)

For shareholders who do not have a February 28, 2026, taxable year end, this notice is for informational purposes only. For shareholders with a February 28, 2026, taxable year end, please consult your tax adviser as to the pertinence of this notice.

For the fiscal year ended February 28, 2026, the Funds are designating long and qualifying dividend income with regard to distributions paid during the year as follows:

	(A) Return of Capital	(B) Long Term Capital Gains Distributions (Tax Basis)	(C) Ordinary Income Distributions (Tax Basis)	(D) Total Distributions (Tax Basis)	(E) Dividends Qualifying for Corporate Dividends Rec. Deduction (1)	(F) Qualifying Dividend Income (15% Tax Rate for QDI) (2)	Qualifying Business Income (3)	(G) U.S. Government Interest (4)	(H) Interest Related Dividends (5)	(I) Short-Term Capital Gain Dividends (6)
Catholic Values Equity Fund*	0.00%	72.71%	27.29%	100.00%	68.13%	90.99%	0.00%	0.00%	3.40%	100.00%
Catholic Values Fixed Income Fund*	0.00%	0.00%	100.00%	100.00%	0.00%	0.00%	0.00%	14.80%	6.38%	0.00%

(1)

“Dividends Received Deduction” represent dividends which qualify for the corporate dividends received deduction and is reflected as a percentage of ordinary Income distributions (the total of short term capital gain and net investment income distributions).

(2)

“Qualifying Dividend Income” represent qualifying dividends as created by the Jobs and Growth Tax Relief Reconciliation Act of 2003. It is the intention of the Fund to designate the max amount permitted by law.

(3)

The percentage of this column represents that amount of ordinary dividend income that qualified for 20% Business Income Deduction.

(4)

“U.S. Government Interest” represent the amount of interest that was derived from direct U.S. Government obligations and distributed during the fiscal year. This amount is reflected as a percentage of ordinary income. Generally, interest from direct U.S. Government obligations is exempt from state income tax.

(5)

The percentage in this column represents the amount of “Interest Related Dividend” and is reflected as a percentage of ordinary income distribution. Interest related dividends are exempted from U.S. withholding tax when paid to foreign investors.

(6)

The percentage of this column represents the amount of “Short Term Capital Gain Dividend” and is reflected as a percentage of short term capital gain distribution that is exempted from U.S. withholding tax when paid to foreign investors.

* Shareholders who are residents of California, Connecticut and New York, these funds have not met the statutory threshold requirements to permit exemption of these amounts from state income tax.

Items (A), (B), (C) and (D) are based on the percentage of each fund’s total distribution.

Items (E) and (F) are based on the percentage of “Ordinary Income Distributions”.

Item (G) is based on the percentage of gross income of each Fund.

Item (H) is based on the percentage of net investment income distributions.

Item (I) is based on the percentage of short-term capital gains distributions.

Please consult your tax adviser for proper treatment of this information. This notification should be kept with your permanent tax records.

SEI Catholic Values Trust

OTHER INFORMATION (FORM N-CSR ITEMS 8-11)

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Not applicable.

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

There were no matters submitted to a vote of shareholders during the period covered by this report.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

The remuneration paid by the company during the period covered by the report to the Trustees on the company’s Board of Trustees is disclosed within the Statement(s) of Operations of the financial statements (Item 7).

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

SEI Catholic Values 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 (each member, a “Trustee” and, collectively, the “Trustees” or 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 (or otherwise, as consistent with applicable laws, regulations and related guidance and relief) 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 renew 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 renew 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 course 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 that was engaged to prepare an assessment of the Funds in connection with the renewal of the Investment Advisory Agreements (the “Broadridge Report”); (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.

SEI Catholic Values Trust

At the April 1-3, 2025 meeting of the Board, the Trustees, including a majority of the Independent Trustees, approved the renewal the Advisory Agreement. Also, certain Sub-Advisory Agreement were renewed at meetings of the Board held during the course of the Trust’s fiscal year on April 1-3, 2025, June 23-25, 2025, September 15-17, 2025 and December 8-10, 2025. In each case, the Board’s renewal was based on its consideration and evaluation of the factors described above, as discussed at the meetings 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 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 meetings, 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 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 the 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 ratios 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 meetings, 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 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 the 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.

SEI Catholic Values Trust

OTHER INFORMATION (FORM N-CSR ITEMS 8-11) (Concluded)

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 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 the 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 renewal 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 Catholic Values Trust

SEI Catholic Values Trust/Annual Financials and Other Information/February 28, 2026

Trustees

Robert A. Nesher, Chairman

Dennis McGonigle

Nina Lesavoy

James M. Williams

Susan C. Cote

James B. Taylor

Christine Reynolds

Thomas Melendez

Kimberly Walker

Eli Powell Niepoky

Officers

Robert A. Nesher

President and Chief Executive Officer

Glenn R. Kurdziel

Controller and Chief Financial Officer

Stephen Panner

Chief Compliance Officer

Timothy D. Barto

Vice President, Secretary

David F. McCann

Vice President, Assistant Secretary

Katherine Mason

Vice President, Assistant Secretary

Stephen G. MacRae

Vice President

Marci Morgan

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)

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

SEI-F-199 (2/26)

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Included under Item 7.

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

Included under Item 7.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

Included under Item 7.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Included under Item 7.

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 13. Portfolio Managers of Closed-End Management Investment Companies

Not applicable.

Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 15. 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 Registrant’s 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, 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 16. 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 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 18. Recovery of Erroneously Awarded Compensation.

(a)

Not applicable.

(b)

Not applicable.

Item 19. Exhibits.

(a)(1) Code of Ethics attached hereto.

(a)(2) Not applicable.

(a)(3) 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.

	SEI Catholic Values Trust


By:	/s/ Robert A. Nesher
	Robert A. Nesher
	President and Chief Executive Officer
	(Principal Executive Officer)

Date: May 5, 2026

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 Chief Executive Officer
	(Principal Executive Officer)

Date: May 5, 2026

By:	/s/ Glenn R. Kurdziel
	Glenn R. Kurdziel
	Controller and Chief Financial Officer
	(Principal Financial Officer)

Date: May 5, 2026

ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

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fp0098800-1_ex99cert.htm

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Annual Shareholder Report: February 28, 2026

Catholic Values Equity Fund

SEI Catholic Values Trust/Class F Shares - CAVAX

Fund Overview

What were the Fund costs for the last year?

How did the Fund perform during the last 10 years?

Total Return Based on $10,000 Investment

How did the Fund perform in the last year?

Average Annual Total Returns as of February 28, 2026

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Catholic Values Equity Fund

SEI Catholic Values Trust/Class F Shares - CAVAX

Annual Shareholder Report: February 28, 2026

CAVAX-AR-2026

Annual Shareholder Report: February 28, 2026

Catholic Values Equity Fund

SEI Catholic Values Trust/Class Y Shares - CAVYX

Fund Overview

What were the Fund costs for the last year?

How did the Fund perform during the last 10 years?

Total Return Based on $10,000 Investment

How did the Fund perform in the last year?

Average Annual Total Returns as of February 28, 2026

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Catholic Values Equity Fund

SEI Catholic Values Trust/Class Y Shares - CAVYX

Annual Shareholder Report: February 28, 2026

CAVYX-AR-2026

Annual Shareholder Report: February 28, 2026

Catholic Values Fixed Income Fund

SEI Catholic Values Trust/Class F Shares - CFVAX

Fund Overview

What were the Fund costs for the last year?

How did the Fund perform during the last 10 years?

Total Return Based on $10,000 Investment

How did the Fund perform in the last year?

Average Annual Total Returns as of February 28, 2026

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Catholic Values Fixed Income Fund

SEI Catholic Values Trust/Class F Shares - CFVAX

Annual Shareholder Report: February 28, 2026

CFVAX-AR-2026

Annual Shareholder Report: February 28, 2026

Catholic Values Fixed Income Fund

SEI Catholic Values Trust/Class Y Shares - CFVYX

Fund Overview

What were the Fund costs for the last year?

How did the Fund perform during the last 10 years?

Total Return Based on $10,000 Investment

How did the Fund perform in the last year?

Average Annual Total Returns as of February 28, 2026

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Catholic Values Fixed Income Fund

SEI Catholic Values Trust/Class Y Shares - CFVYX

Annual Shareholder Report: February 28, 2026

CFVYX-AR-2026

Asset Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}