Adviser Managed Trust 三只基金公布截至2026年7月31日的年度报告

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 811-22480

Adviser Managed Trust

(Exact name of registrant as specified in charter)

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Address of principal executive offices) (Zip code)

Timothy D. Barto, Esq.

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Name and address of agent for service)

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

Date of fiscal year end: July 31, 2026

Date of reporting period: July 31, 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: July 31, 2026

Diversified Equity Fund

Adviser Managed Trust: DAACX

Fund Overview

This annual shareholder report contains important information about Diversified Equity Fund (the "Fund") for the period from August 1, 2025 to July 31, 2026. You can find additional information about the Fund at https://holdings.seic.com/amt_holdings/. 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
Diversified Equity Fund	$55	0.50%

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

Growth Chart

Table Summary
	Diversified Equity Fund	S&P 500 Index (USD) (TR)^{Footnote Reference*}
Mar/22	$10,000	$10,000
Jul/22	$8,862	$9,021
Jul/23	$9,692	$10,195
Jul/24	$11,494	$12,453
Jul/25	$12,464	$14,486
Jul/26	$14,972	$17,321

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 outperformed its benchmark, the S&P 500 Index (USD) (TR)—a market-weighted index that tracks the performance of the 500 largest publicly traded U.S. companies and is considered representative of the broad U.S. stock market—for the 12-month period ending July 31, 2026.

The Fund outperformed the benchmark S&P 500 Index for the reporting period due to the outperformance of three of the four indexes that the Fund’s equity components seek to replicate as part of its passive index-based investment strategy. The Fund’s benchmark, the S&P 500, returned 19.56% over the reporting period, while the underlying indexes the Fund seeks to replicate returned the following: the Russell 1000 Index returned 18.94%, while the Russell 2000, MSCI EAFE, and MSCI Emerging Markets indexes outperformed the Fund’s benchmark, returning 34.18%, 24.33%, and 36.44%, respectively, for the period.

The Fund’s strategy is implemented by SSGA Funds Management, Inc., as sub-adviser under the general supervision of SEI Investments Management Corporation (SIMC). The Fund remained in the strategy for the entire reporting period.

Global equity markets posted notable gains over the reporting period. Non-U.S. stocks outperformed U.S. equities. Among non-U.S. stocks, emerging-market equities meaningfully outperformed their developed-market counterparts, though both groups delivered notable positive absolute returns. U.S. large-cap stocks, as represented by the broad-market S&P 500 Index, significantly underperformed their small-cap counterparts, as measured by the Russell 2000 Index, though both asset classes delivered meaningful positive absolute returns. Energy, healthcare, and information technology were the strongest-performing sectors within the S&P 500 Index for the reporting period, while the consumer discretionary and utilities sectors were the primary market laggards, though all sectors within the index delivered positive absolute performance.

Average Annual Total Returns as of July 31, 2026

Table Summary
Fund/Index Name	1 Year	Annualized Since Inception
Diversified Equity Fund	20.12%	9.75%
S&P 500 Index (USD) (TR)^{Footnote Reference*}	19.56%	13.49%

Since its inception on March 30, 2022. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. 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 July 31, 2026

Table Summary
	Total Net Assets (000's)	Number of Holdings	Total Advisory Fees Paid (000's)	Portfolio Turnover Rate
	$399,337	1,698	$151	6%

What did the Fund invest in?

Asset/Sector Weightings^{Footnote Reference*}

Holdings Chart

Table Summary
Value	Value
Futures Contracts	-0.2%
Rights	0.0%
Exchange-Traded Fund	0.0%
Cash Equivalent	0.9%
Real Estate	1.8%
Utilities	2.0%
Materials	2.0%
Energy	3.0%
Consumer Staples	4.3%
Communication Services	8.0%
Health Care	8.4%
Consumer Discretionary	8.7%
Industrials	10.0%
Financials	12.9%
Information Technology	28.4%

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)}
NVIDIA Corp			5.4%
Apple			5.1%
Microsoft Corp			4.0%
Amazon.com Inc			3.0%
Alphabet Inc, Cl A			2.4%
Broadcom Inc			2.1%
Alphabet Inc, Cl C			1.9%
Meta Platforms, Cl A			1.4%
Berkshire Hathaway Inc, Cl B			1.1%
JPMorgan Chase & Co			1.1%

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

Material Fund Changes

There were no material changes 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://holdings.seic.com/amt_holdings/
https://www.seic.com/mutual-fund-documentation/proxy-voting

Diversified Equity Fund

Adviser Managed Trust: DAACX

Annual Shareholder Report: July 31, 2026

DAACX-AR-2026

Annual Shareholder Report: July 31, 2026

Enhanced Fixed Income Fund

Adviser Managed Trust: AAEZX

Fund Overview

This annual shareholder report contains important information about Enhanced Fixed Income Fund (the "Fund") for the period from August 1, 2025 to July 31, 2026. You can find additional information about the Fund at https://holdings.seic.com/amt_holdings/. 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
Enhanced Fixed Income Fund	$42	0.41%

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

Growth Chart

Table Summary
	Enhanced Fixed Income Fund	Bloomberg Global Aggregate Index (USD) (TR)^{Footnote Reference*}	50/50 US High Yield Constrained Index/JPM EMBI Global Diversified Index^{Footnote Reference†}
Feb/23	$10,000	$10,000	$10,000
Jul/23	$10,042	$9,833	$10,232
Jul/24	$10,893	$10,128	$11,268
Jul/25	$11,659	$10,573	$12,275
Jul/26	$12,342	$10,742	$13,124

Footnote	Description
Footnote^*	Total Return (TR) - Reflects no deductions for fees, expenses or taxes.
Footnote^†	EMBI – Emerging Markets Bond Index

How did the Fund perform in the last year?

The Fund, which is managed using a passive approach, underperformed its benchmark, the AMT TOEFI Risk Benchmark—a 50%/50% blend of the ICE BofA US High Yield Constrained Index and the J.P. Morgan EMBI Global Diversified Index—for the 12-month period ending July 31, 2026.

In the final four months of 2025, the Federal Reserve (Fed) reduced the federal funds target rate by a cumulative 75 basis points (0.75%) to a range of 3.50% to 3.75%, and then held the rate steady through July 2026. The steady rate path occurred as inflation remained above the Fed’s 2% target and developments in the U.S.-Israel-Iran conflict in the Middle East contributed to higher energy prices and uncertainty around the outlook for inflation and interest rates.

The U.S. Treasury yield curve flattened during the reporting period, with front-end yields moving higher than longer-term yields as markets shifted from pricing in rate cuts in 2026 toward the possibility of additional rate increases. U.S. high-yield bonds, as measured by the ICE BofA US High Yield Constrained Index, gained 5.02% for the 12-month reporting period. High-yield spreads remained tight and closed the period at 285 basis points (2.85%), while the yield to worst—a measure of the lowest possible yield that can be received on a bond with an early redemption provision—increased slightly to 7.19%. Hard-currency emerging-market (EM) debt, as measured by the J.P. Morgan EMBI Global Diversified Index, returned 8.81% during the reporting period and outperformed global high-yield bonds, as represented by the ICE BofA Global High Yield Index. EM debt performance was supported by a generally strong global economy and attractive yields. Local-currency issues slightly outperformed their hard-currency counterparts, as many local currencies appreciated against the U.S. dollar over the reporting period.

Average Annual Total Returns as of July 31, 2026

Table Summary
Fund/Index Name	1 Year	Annualized Since Inception
Enhanced Fixed Income Fund	5.85%	6.20%
Bloomberg Global Aggregate Index (USD) (TR)^{Footnote Reference*}	1.60%	2.07%
50/50 US High Yield Constrained Index/JPM EMBI Global Diversified Index^{Footnote Reference†}	6.91%	8.09%

Since its inception on February 1, 2023. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. 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 July 31, 2026

Table Summary
	Total Net Assets (000's)	Number of Holdings	Total Advisory Fees Paid (000's)	Portfolio Turnover Rate
	$48,488	3	$46	1%

What did the Fund invest in?

Asset/Sector Weightings^{Footnote Reference*}

Holdings Chart

Table Summary
Value	Value
Cash Equivalent	0.5%
Exchange-Traded Funds	98.9%

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

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
SPDR Portfolio High Yield Bond ETF			49.6%
SPDR Bloomberg Emerging Markets USD Bond ETF			49.3%

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

Material Fund Changes

There were no material changes 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://holdings.seic.com/amt_holdings/
https://www.seic.com/mutual-fund-documentation/proxy-voting

Enhanced Fixed Income Fund

Adviser Managed Trust: AAEZX

Annual Shareholder Report: July 31, 2026

AAEZX-AR-2026

Annual Shareholder Report: July 31, 2026

Core Fixed Income Fund

Adviser Managed Trust: AAEYX

Fund Overview

This annual shareholder report contains important information about Core Fixed Income Fund (the "Fund") for the period from August 1, 2025 to July 31, 2026. You can find additional information about the Fund at https://holdings.seic.com/amt_holdings/. 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
Core Fixed Income Fund	$33	0.33%

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

Growth Chart

Table Summary
	Core Fixed Income Fund	Bloomberg U.S. Aggregate Bond Index (USD) (TR)^{Footnote Reference*}
Jan/24	$10,000	$10,000
Mar/24	$10,010	$10,039
Jun/24	$10,014	$10,046
Sep/24	$10,539	$10,568
Dec/24	$10,203	$10,244
Mar/25	$10,474	$10,529
Jun/25	$10,589	$10,656
Sep/25	$10,798	$10,873
Dec/25	$10,889	$10,992
Mar/26	$10,889	$10,987
Jun/26	$10,954	$11,060
Jul/26	$10,801	$10,916

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, which is managed using a passive approach, modestly underperformed its benchmark, the Bloomberg U.S. Aggregate Bond Index—which tracks the performance of the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market—for the 12-month period ending July 31, 2026.

In the final four months of 2025, the Federal Reserve (Fed) reduced the federal funds target rate by a cumulative 75 basis points (0.75%) to a range of 3.50% to 3.75%, and then held the rate steady through July 2026. The pause reflected a still-cautious policy backdrop as inflation remained above the Fed’s 2% target and geopolitical tensions in the Middle East contributed to higher oil prices and additional uncertainty around the outlook for inflation and interest rates.

The U.S. Treasury yield curve flattened during the reporting period, with front-end yields moving higher than longer-term yields as market expectations shifted from rate cuts in 2026 toward the possibility of additional rate increases. Despite the less-supportive interest-rate backdrop, spread sectors generated positive excess returns. Spreads on investment-grade corporate bonds remained tight, supported by elevated yields and a still-solid economic backdrop. Asset-backed securities (ABS) outperformed comparable-duration U.S. Treasurys, as relatively resilient U.S. consumer spending continued to bolster the sector; however, some signs of consumer weakness began to emerge through lower savings rates and increased credit card usage. Agency mortgage-backed securities (MBS) also modestly outperformed, as the sector continued to offer incremental spread over Treasurys. Overall, credit-sensitive and securitized sectors benefited from steady demand for income.

Average Annual Total Returns as of July 31, 2026

Table Summary
Fund/Index Name	1 Year	Annualized Since Inception
Core Fixed Income Fund	2.34%	3.10%
Bloomberg U.S. Aggregate Bond Index (USD) (TR)^{Footnote Reference*}	2.71%	3.53%

Since its inception on January 22, 2024. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. 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 July 31, 2026

Table Summary
	Total Net Assets (000's)	Number of Holdings	Total Advisory Fees Paid (000's)	Portfolio Turnover Rate
	$186,991	644	$109	22%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Holdings Chart

Table Summary
Value	Value
Municipal Bonds	0.1%
Asset-Backed Securities	0.4%
U.S. Government Agency Obligations	0.6%
Materials	0.6%
Real Estate	0.9%
Consumer Staples	1.5%
Consumer Discretionary	1.5%
Energy	1.6%
Communication Services	1.8%
Industrials	1.9%
Sovereign Debt	2.0%
Information Technology	2.0%
Utilities	2.4%
Health Care	2.6%
Financials	8.4%
Mortgage-Backed Securities	24.7%
U.S. Treasury Obligations	45.9%

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
U.S. Treasury Notes	4.000%	01/31/29	2.9%
U.S. Treasury Notes	4.000%	01/31/31	2.6%
U.S. Treasury Bonds	4.750%	11/15/43	2.3%
U.S. Treasury Notes	3.750%	12/31/28	1.8%
U.S. Treasury Bonds	4.750%	11/15/53	1.7%
U.S. Treasury Notes	3.750%	12/31/30	1.7%
U.S. Treasury Notes	3.375%	12/31/27	1.7%
U.S. Treasury Notes	3.750%	04/15/28	1.6%
U.S. Treasury Notes	3.500%	10/15/28	1.4%
U.S. Treasury Notes	3.375%	02/29/28	1.4%

Material Fund Changes

There were no material changes 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://holdings.seic.com/amt_holdings/
https://www.seic.com/mutual-fund-documentation/proxy-voting

Core Fixed Income Fund

Adviser Managed Trust: AAEYX

Annual Shareholder Report: July 31, 2026

AAEYX-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 two audit committee financial experts serving on the audit committee.

(a)(2) The audit committee financial experts are Susan C. Cote and Christine Reynolds. Mses. Cote and Reynolds are 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 2026 and 2025 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)	$61,800	$0	N/A	$60,000	$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	$293,051	$0	$0	$350,248	$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)

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

(f) Not applicable.

(g) The aggregate non-audit fees and services billed by KPMG for the fiscal years 2026 and 2025 were $293,051 and $350,248, respectively. Non-audit fees consist of 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, Registrant’s principal accountant provided certain non-audit services to Registrant’s investment adviser or to entities controlling, controlled by, or under common control with Registrant’s investment adviser that provide ongoing services to 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 Registrant’s Board of Trustees reviewed and considered these non-audit services provided by Registrant’s principal accountant to 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. Schedule of Investments.

(a) The Schedules of Investments are included as part of the Financial Statements and Financial Highlights 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.

TABLE OF CONTENTS

Financial Statements (Form N-CSR Item 7)
Schedules of Investments	1
Statements of Assets and Liabilities	37
Statements of Operations	38
Statements of Changes in Net Assets	39
Financial Highlights	40
Notes to Financial Statements	41
Report of Independent Registered Public Accounting Firm	57
Notice to Shareholders	58
Other Information (Form N-CSR Items 8-11)	59

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^††— 79.5%

Communication Services — 7.7%
Alphabet Inc, Cl A		26,713	$	9,513
Alphabet Inc, Cl C		21,797		7,774
AppLovin, Cl A *		1,096		434
AST SpaceMobile, Cl A *		1,167		69
AT&T Inc		30,998		721
Charter Communications Inc, Cl A *		386		56
Comcast Corp, Cl A		16,185		388
EchoStar Corp, Cl A *		623		52
Electronic Arts Inc		1,141		239
Fox Corp		950		55
Fox Corp, Cl B		599		31
Globalstar *		220		18
Iridium Communications		451		21
Liberty Broadband Corp, Cl A *		79		3
Liberty Broadband Corp, Cl C *		532		18
Liberty Live Holdings, Cl A *		94		9
Liberty Live Holdings, Cl C *		218		22
Liberty Media -Liberty Formula One, Cl A *		108		10
Liberty Media -Liberty Formula One, Cl C *		997		98
Live Nation Entertainment Inc *		752		131
Madison Square Garden Sports *		77		30
Match Group		1,024		40
Meta Platforms, Cl A		10,076		5,609
Netflix Inc *		19,216		1,378
New York Times, Cl A		684		51
News Corp, Cl A		1,655		46
News Corp, Cl B		546		17
Nexstar Media Group Inc, Cl A		134		26
NIQ Global Intelligence *		227		3
Omnicom Group Inc		1,295		102
People *		319		13
Pinterest, Cl A *		2,198		53
Reddit, Cl A *		602		85
ROBLOX, Cl A *		2,901		103
Roku Inc, Cl A *		613		89
Sirius XM Holdings		902		27
Space Exploration Technologies, Cl A *		2,450		266
Spotify Technology *		1,001		500
Take-Two Interactive Software Inc *		841		204
TKO Group Holdings, Cl A		296		54
T-Mobile US Inc		2,226		384
Trade Desk Inc/The, Cl A *		1,827		33
Verizon Communications Inc		19,164		897
Versant Media Group		695		25
Walt Disney Co/The		8,119		781
Warner Bros Discovery *		10,970		289
				30,767
Consumer Discretionary — 7.5%
ADT Inc		2,434		19
Airbnb, Cl A *		1,912		290
Amazon.com Inc *		44,474		12,078

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^††(continued)
Aptiv PLC *		1,000	$	57
Aramark		1,255		72
AutoNation Inc *		124		26
AutoZone Inc *		76		229
Bath & Body Works		1,012		20
Best Buy Co Inc		919		79
Booking Holdings Inc		3,541		683
BorgWarner Inc		955		61
Boyd Gaming Corp		216		18
Bright Horizons Family Solutions Inc *		270		20
Brunswick Corp/DE		311		25
Burlington Stores Inc *		283		104
Caesars Entertainment *		901		27
CarMax Inc *		595		34
Carnival		5,880		164
Carvana Co, Cl A *		3,175		198
Cava Group *		474		31
Chewy, Cl A *		1,169		26
Chipotle Mexican Grill, Cl A *		5,889		219
Choice Hotels International Inc		129		14
Churchill Downs Inc		309		26
Columbia Sportswear Co		124		7
Crocs *		209		27
Darden Restaurants Inc		524		107
Deckers Outdoor Corp *		671		65
Dick's Sporting Goods Inc		302		59
Dillard's Inc, Cl A		14		8
Domino's Pizza Inc		132		46
DoorDash, Cl A *		1,718		337
DR Horton Inc		1,159		166
DraftKings, Cl A *		2,285		54
Duolingo, Cl A *		179		24
Dutch Bros, Cl A *		522		34
eBay Inc		2,052		234
Etsy Inc *		414		34
Expedia Group Inc		525		155
Five Below Inc *		256		56
Floor & Decor Holdings Inc, Cl A *		506		29
Flutter Entertainment *		643		67
Ford Motor Co		17,812		262
GameStop, Cl A *		1,948		42
Gap Inc/The		1,094		22
Garmin Ltd		747		219
General Motors Co		4,173		371
Gentex Corp		1,075		25
Genuine Parts Co		617		77
Grand Canyon Education *		132		19
H&R Block Inc		630		28
Hasbro Inc		617		58
Hilton Worldwide Holdings Inc		1,033		331
Home Depot		4,569		1,517
Hyatt Hotels Corp, Cl A		191		33
InterContinental Hotels Group PLC		269		44

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^††(continued)
Las Vegas Sands Corp		1,250	$	61
Lear Corp		254		33
Lennar Corp, Cl A		928		76
Lennar Corp, Cl B		60		5
Lithia Motors, Cl A		101		39
LKQ Corp		1,234		28
Lowe's		2,563		533
Lululemon Athletica Inc *		444		53
Macy's Inc		1,317		33
Marriott International Inc/MD, Cl A		996		371
Mattel Inc *		1,457		22
McDonald's		3,250		880
MGM Resorts International *		831		37
Mohawk Industries Inc *		238		29
Murphy USA Inc		74		45
NIKE Inc, Cl B		5,491		229
Norwegian Cruise Line Holdings Ltd *		2,103		39
NVR Inc *		12		74
Ollie's Bargain Outlet Holdings Inc *		291		21
O'Reilly Automotive Inc *		3,842		343
Penske Automotive Group Inc		88		19
Planet Fitness, Cl A *		399		22
Pool Corp		149		28
PulteGroup Inc		855		108
PVH Corp		198		17
QuantumScape, Cl A *		1,994		10
Ralph Lauren Corp, Cl A		169		64
Rivian Automotive, Cl A *		3,684		56
Ross Stores		1,462		367
Royal Caribbean Cruises Ltd		1,164		371
Service Corp International/US		596		51
SharkNinja *		386		62
Somnigroup International		961		63
Starbucks		5,216		549
Stellantis *		3,661		21
Tapestry Inc		938		143
Tesla Inc *		13,390		4,167
Texas Roadhouse Inc, Cl A		315		65
Thor Industries		260		20
TJX Cos Inc/The		5,063		797
Toll Brothers Inc		435		63
Tractor Supply		2,360		73
Travel + Leisure		299		23
Ulta Beauty Inc *		196		101
Vail Resorts Inc		170		25
Valvoline Inc *		604		23
VF		1,669		24
Viking Holdings *		783		82
Wayfair Inc, Cl A *		446		38
Whirlpool Corp		255		10
Williams-Sonoma Inc		535		122
Wingstop Inc, Cl A		132		17
Wyndham Hotels & Resorts Inc		361		27

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^††(continued)
Wynn Resorts Ltd		346	$	34
YETI Holdings Inc *		392		19
Yum! Brands Inc		1,275		195
				29,904
Consumer Staples — 3.7%
Albertsons, Cl A		1,610		19
Altria Group Inc		7,643		522
Archer-Daniels-Midland Co		2,181		173
BJ's Wholesale Club Holdings Inc *		621		61
Brown-Forman Corp, Cl A		207		6
Brown-Forman Corp, Cl B		702		20
Bunge Global		587		62
Campbell's		922		20
Casey's General Stores		167		146
Celsius Holdings Inc *		782		23
Church & Dwight Co Inc		1,118		111
Clorox Co/The		586		56
Coca-Cola		17,802		1,559
Coca-Cola Consolidated Inc		248		47
Colgate-Palmolive Co		3,683		336
Conagra Brands Inc		2,263		33
Constellation Brands Inc, Cl A		644		84
Costco Wholesale Corp		2,033		1,935
Darling Ingredients Inc *		743		45
Dollar General Corp		995		126
Dollar Tree Inc *		837		107
elf Beauty Inc *		260		22
Estee Lauder Cos Inc/The, Cl A		1,112		93
Freshpet Inc *		226		13
General Mills Inc		2,475		89
Hershey Co/The		661		116
Hormel Foods Corp		1,375		34
Ingredion Inc		304		30
J M Smucker		493		59
JBS, Cl A		1,387		19
Kenvue		8,611		166
Keurig Dr Pepper Inc		5,889		183
Kimberly-Clark		1,521		166
Kraft Heinz Co/The		3,860		100
Kroger		2,565		148
Lamb Weston Holdings Inc		648		34
Maplebear *		678		30
McCormick & Co Inc/MD		1,204		61
Molson Coors Beverage, Cl B		664		28
Mondelez International Inc, Cl A		5,861		365
Monster Beverage Corp *		3,197		308
Nestle SA		4,830		482
PepsiCo Inc		6,247		872
Performance Food Group *		676		77
Philip Morris International		7,143		1,363
Pilgrim's Pride Corp		197		5
Post Holdings Inc *		172		16
Primo Brands, Cl A		1,221		28

2	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^††(continued)
Procter & Gamble Co/The		10,682	$	1,543
Reynolds Consumer Products		259		7
Seaboard Corp		1		4
Smithfield Foods Inc		215		6
Sprouts Farmers Market Inc *		465		41
Sysco Corp		2,174		185
Target Corp		2,070		299
Tyson Foods, Cl A		1,235		72
US Foods Holding Corp *		989		100
Walmart Inc		20,112		2,236
				14,891
Energy — 2.8%
Antero Midstream		1,590		35
Antero Resources Corp *		1,377		50
APA		1,686		63
Baker Hughes a GE Co, Cl A		4,525		274
BP PLC		29,085		218
Cheniere Energy		967		255
Chevron Corp		8,499		1,673
Chord Energy		261		37
ConocoPhillips		5,579		672
Devon Energy Corp		5,133		232
Diamondback Energy Inc		882		179
DT Midstream		482		66
EOG Resources		2,445		364
EQT Corp		2,736		146
Expand Energy		1,033		97
ExxonMobil Holdings		19,072		2,965
Halliburton Co		3,773		122
HF Sinclair		692		63
Kinder Morgan Inc/DE		8,869		285
Marathon Petroleum Corp		1,344		425
Matador Resources		555		28
NOV		1,776		34
Occidental Petroleum Corp		3,260		186
ONEOK Inc		2,873		261
Ovintiv		1,271		79
Permian Resources, Cl A		3,677		78
Phillips 66		1,831		388
Range Resources Corp		1,122		45
Shell		10,553		482
SLB		6,826		338
Targa Resources Corp		968		262
Tenaris		603		17
Texas Pacific Land		273		110
Valero Energy Corp		1,351		423
Viper Energy, Cl A		874		39
Weatherford International		338		30
Williams		5,569		398
				11,419
Financials — 10.0%
Aegon		2,401		23

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^††(continued)
Affiliated Managers Group		114	$	42
Affirm Holdings, Cl A *		1,318		94
Aflac Inc		2,104		268
AGNC Investment Corp ^‡		5,359		57
Allstate Corp/The		1,186		313
Ally Financial Inc		1,312		57
American Express Co		2,430		817
American Financial Group Inc/OH		314		45
American International Group Inc		2,423		190
Ameriprise Financial Inc		422		230
Annaly Capital Management ^‡		3,342		76
Aon, Cl A		963		347
Apollo Global Management		1,941		244
Arch Capital Group Ltd *		1,600		161
Ares Management, Cl A		895		115
Arthur J Gallagher & Co		1,163		290
Assurant Inc		221		62
Assured Guaranty Ltd		221		18
Axis Capital Holdings Ltd		361		38
Bank of America Corp		30,300		1,877
Bank of New York Mellon Corp/The		3,135		490
Bank OZK		507		26
Berkshire Hathaway Inc, Cl B *		8,536		4,367
Blackrock		699		762
Blackstone Group		3,402		435
Block, Cl A *		2,401		195
Blue Owl Capital, Cl A		2,900		30
BOK Financial Corp		106		15
Brighthouse Financial Inc *		272		17
Brown & Brown Inc		1,318		93
Capital One Financial Corp		2,851		596
Carlyle Group		1,243		57
Cboe Global Markets Inc		475		147
Charles Schwab Corp/The		7,479		787
Chime Financial, Cl A *		1,117		26
Chubb		1,609		564
Cincinnati Financial Corp		699		124
Citigroup		7,800		1,033
Citizens Financial Group Inc		1,964		141
CME Group Inc, Cl A		1,651		442
CNA Financial Corp		99		5
Coinbase Global, Cl A *		997		146
Columbia Banking System Inc		1,411		44
Commerce Bancshares Inc/MO		615		36
Corebridge Financial		1,079		34
Corpay *		292		112
Credit Acceptance Corp *		15		9
Cullen/Frost Bankers Inc		283		47
East West Bancorp		611		80
Equitable Holdings		1,311		62
Euronet Worldwide Inc *		193		14
Evercore Inc, Cl A		175		56
Everest Group		179		67

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^††(continued)
FactSet Research Systems Inc		160	$	42
Fidelity National Financial Inc		1,136		59
Fidelity National Information Services Inc		2,358		106
Fifth Third Bancorp		4,184		236
Figure Technology Solutions, Cl A *		658		16
First American Financial		467		35
First Citizens BancShares, Cl A		36		79
First Hawaiian Inc		595		17
First Horizon National Corp		2,123		54
Fiserv Inc *		2,401		130
FNB Corp/PA		1,687		32
Franklin Resources Inc		1,227		42
Galaxy Digital, Cl A *		814		17
Global Payments		1,086		91
Globe Life		353		64
Goldman Sachs Group Inc/The		1,321		1,345
Hamilton Lane Inc, Cl A		190		17
Hanover Insurance Group Inc/The		170		40
Hartford Insurance Group		1,261		179
Houlihan Lokey Inc, Cl A		257		32
Huntington Bancshares Inc/OH		9,146		156
Interactive Brokers Group, Cl A		1,978		174
Intercontinental Exchange Inc		2,566		391
Invesco Ltd		1,730		51
Jack Henry & Associates		345		53
Jefferies Financial Group		728		40
JPMorgan Chase & Co		12,256		4,312
KeyCorp		4,184		95
Kinsale Capital Group Inc		105		37
KKR		3,128		317
Lazard, Cl A		402		17
Lincoln National		810		37
Loews		753		87
LPL Financial Holdings Inc		362		128
M&T Bank Corp		676		166
Markel Group *		56		105
MarketAxess Holdings Inc		173		28
Marsh & McLennan Cos Inc		2,203		418
Mastercard Inc, Cl A		3,701		2,121
MetLife		2,495		240
MGIC Investment Corp		899		27
Moody's Corp		695		332
Morgan Stanley		5,132		1,080
Morningstar Inc		80		15
MSCI Inc, Cl A		320		183
Nasdaq Inc		2,032		191
Northern Trust Corp		845		154
Old Republic International Corp		1,086		47
OneMain Holdings, Cl A		566		35
PayPal Holdings		4,129		236
Pinnacle Financial Partners		708		75
PNC Financial Services Group Inc/The		1,835		459
Primerica Inc		138		44

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^††(continued)
Principal Financial Group Inc		991	$	113
Progressive Corp/The		2,671		565
Prosperity Bancshares Inc		536		40
Prudential Financial Inc		1,582		193
Raymond James Financial Inc		801		141
Regions Financial Corp		3,864		120
Reinsurance Group of America Inc, Cl A		314		74
Rithm Capital ^‡		2,515		25
RLI Corp		389		24
Robinhood Markets, Cl A *		3,506		303
Rocket, Cl A *		4,516		58
Ryan Specialty Holdings, Cl A		499		22
S&P Global Inc		1,352		557
Shift4 Payments, Cl A *		316		17
SLM Corp		790		21
SoFi Technologies *		5,877		96
SOUTHSTATE BANK CORP		430		45
Starwood Property Trust Inc ^‡		1,626		26
State Street Corp		1,235		227
Stifel Financial Corp		712		59
Swiss Re AG		548		91
Synchrony Financial		1,541		117
T Rowe Price Group		964		108
TFS Financial Corp		142		3
Toast, Cl A *		2,147		69
TPG, Cl A		616		27
Tradeweb Markets, Cl A		554		56
Travelers Cos Inc/The		968		362
Truist Financial		5,766		299
Unum Group		764		66
US Bancorp		7,111		448
UWM Holdings		746		1
Virtu Financial Inc, Cl A		383		23
Visa Inc, Cl A		7,567		2,771
Voya Financial Inc		407		40
Webster Financial Corp		708		55
Wells Fargo & Co		14,028		1,213
Western Alliance Bancorp		513		41
Western Union Co/The		1,569		10
WEX Inc *		161		30
White Mountains Insurance Group Ltd		12		25
Willis Towers Watson PLC		427		143
Wintrust Financial Corp		314		50
WR Berkley Corp		1,007		73
Zions Bancorp NA		689		48
				39,802
Health Care — 7.5%
Abbott Laboratories		7,930		838
AbbVie Inc		8,112		2,036
Agilent Technologies Inc		1,302		180
Alcon Inc		907		62
Align Technology Inc *		326		55
Alnylam Pharmaceuticals Inc *		621		128

4	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^††(continued)
Amgen Inc		2,471	$	952
Arrowhead Pharmaceuticals Inc *		608		52
Ascendis Pharma *		225		55
Avantor *		3,141		43
Axsome Therapeutics *		194		42
Baxter International Inc		2,435		64
Becton Dickinson		1,293		214
Biogen Inc *		668		136
BioMarin Pharmaceutical Inc *		904		54
Bio-Rad Laboratories Inc, Cl A *		92		30
Bio-Techne Corp		746		54
Boston Scientific Corp *		6,764		316
Bridgebio Pharma *		763		61
Bristol-Myers Squibb		9,339		610
Bruker Corp		491		31
Cardinal Health		1,082		249
Caris Life Sciences *		407		6
Cencora, Cl A		860		268
Centene Corp *		2,249		140
Charles River Laboratories International Inc *		232		54
Chemed Corp		57		30
Cigna Group		1,192		333
Cooper *		869		63
Corcept Therapeutics Inc *		447		51
CVS Health		5,870		613
Danaher Corp		2,889		563
DaVita Inc *		148		36
Dexcom *		1,761		147
Doximity, Cl A *		621		13
Edwards Lifesciences Corp *		2,633		227
Elanco Animal Health Inc *		2,339		62
Elevance Health		991		372
Eli Lilly		3,659		4,204
Encompass Health Corp		474		53
Ensign Group Inc/The		253		45
Envista Holdings *		798		22
Exelixis Inc *		1,129		60
GE HealthCare Technologies		2,057		140
Gilead Sciences Inc		5,684		740
Globus Medical Inc, Cl A *		533		42
Guardant Health *		580		94
Haleon		16,387		80
Halozyme Therapeutics Inc *		499		41
HCA Healthcare Inc		691		278
Henry Schein Inc *		460		39
Humana		554		202
IDEXX Laboratories *		360		201
Illumina Inc *		713		146
Incyte *		752		90
Insmed Inc *		977		96
Insulet Corp *		333		55
Intuitive Surgical Inc *		1,612		570

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^††(continued)
Ionis Pharmaceuticals Inc *		739	$	38
IQVIA Holdings Inc *		755		177
Jazz Pharmaceuticals PLC *		282		71
Johnson & Johnson		11,043		2,831
Labcorp Holdings		371		115
Madrigal Pharmaceuticals *		80		37
McKesson Corp		561		480
Medline, Cl A *		2,088		82
Medpace Holdings *		109		63
Medtronic PLC		5,863		501
Merck & Co Inc		11,332		1,475
Mettler-Toledo International Inc *		94		133
Moderna Inc *		1,686		92
Molina Healthcare Inc *		221		43
Natera *		616		165
Neurocrine Biosciences Inc *		460		77
Organon		1,235		17
Penumbra Inc *		178		57
Pfizer Inc		26,045		651
QIAGEN		1,334		55
Quest Diagnostics Inc		499		116
Regeneron Pharmaceuticals Inc		468		357
Repligen Corp *		236		33
ResMed		658		139
Revolution Medicines *		891		167
Revvity		517		58
Roche Holding AG		58		26
Roivant Sciences *		2,278		77
Royalty Pharma, Cl A		1,926		113
Sanofi		2,016		173
Solventum *		702		60
Sotera Health *		1,417		25
STERIS PLC		442		101
Stryker Corp		1,581		515
Summit Therapeutics *		555		7
Teleflex Inc		212		29
Tempus AI, Cl A *		484		21
Tenet Healthcare Corp *		403		103
Thermo Fisher Scientific		1,702		978
United Therapeutics Corp *		190		98
UnitedHealth Group Inc		4,137		1,714
Universal Health Services Inc, Cl B		223		38
Veeva Systems Inc, Cl A *		695		142
Vertex Pharmaceuticals Inc *		1,162		554
Viatris, Cl W		5,218		92
Viking Therapeutics Inc *		518		16
Waters Corp *		447		169
West Pharmaceutical Services Inc		321		109
Zimmer Biomet Holdings Inc		871		82
Zoetis Inc, Cl A		1,937		150
				29,860
Industrials — 7.9%
3M		2,385		420

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^†† (continued)
A O Smith		549	$	33
AAON Inc		319		28
Acuity Brands Inc		147		48
Advanced Drainage Systems		336		47
AECOM		629		46
AerCap Holdings NV		300		45
Aerovironment Inc *		166		25
AGCO		295		30
Alaska Air Group Inc *		475		23
Allegion PLC		409		64
Allison Transmission Holdings Inc		404		46
Amentum Holdings *		757		17
American Airlines Group Inc *		3,100		47
AMETEK Inc		1,042		252
API Group *		1,656		66
Applied Industrial Technologies Inc		164		57
Armstrong World Industries Inc		204		36
ATI *		626		117
Automatic Data Processing Inc		1,832		488
Avis Budget Group Inc *		80		11
Axon Enterprise Inc *		353		186
Bloom Energy, Cl A *		1,243		256
Boeing *		3,479		752
Booz Allen Hamilton Holding, Cl A		594		41
Broadridge Financial Solutions Inc		518		80
Builders FirstSource Inc *		459		30
BWX Technologies Inc, Cl W		434		73
CACI International Inc, Cl A *		103		51
Carlisle Cos Inc		191		69
Carpenter Technology Corp		219		114
Carrier Global		3,558		220
Caterpillar Inc		2,081		1,696
CH Robinson Worldwide Inc		531		78
Cintas Corp		1,577		323
Clean Harbors Inc *		241		75
CNH Industrial		4,173		43
Comfort Systems USA Inc		159		275
Copart *		3,988		116
Core & Main, Cl A *		902		40
Crane		234		50
CSX Corp		8,486		428
Cummins Inc		631		400
Curtiss-Wright Corp		171		124
Deere		1,130		670
Delta Air Lines Inc		2,984		261
Donaldson Co Inc		512		48
Dover Corp		613		125
DuPont de Nemours		615		84
Dycom Industries *		135		54
Eaton Corp PLC		1,778		738
EMCOR Group Inc		201		160
Emerson Electric		2,566		384
Equifax Inc		554		96

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^†† (continued)
Esab		271	$	23
Everus Construction Group *		242		30
ExlService Holdings Inc *		752		26
Expeditors International of Washington Inc		619		104
Experian PLC		1,667		63
Fastenal Co		5,234		250
FedEx Corp		1,008		310
Fedex Freight Holding *		504		71
Ferguson Enterprises		871		204
Ferrovial		935		61
Flowserve Corp		619		47
Forgent Power Solutions, Cl A *		568		19
Fortive Corp		1,389		82
Fortune Brands Innovations		575		28
FTAI Aviation		458		94
FTI Consulting Inc *		134		21
Gates Industrial Corp *		1,205		34
GE Vernova		1,232		1,220
Generac Holdings *		278		55
General Dynamics Corp		1,169		448
General Electric		4,732		1,704
Genpact Ltd		765		27
GFL Environmental		1,167		48
Graco Inc		789		63
GXO Logistics *		525		26
Hayward Holdings *		943		14
HEICO Corp		202		72
HEICO Corp, Cl A		356		92
Hexcel Corp		338		35
Honeywell Aerospace *		1,447		299
Honeywell International		1,449		352
Howmet Aerospace		1,820		514
Hubbell Inc, Cl B		240		113
Huntington Ingalls Industries Inc		185		60
IDEX		332		77
IES Holdings Inc *		38		28
Illinois Tool Works Inc		1,313		377
Ingersoll Rand		1,776		148
ITT Inc		414		81
Jacobs Solutions		540		73
JB Hunt Transport Services Inc		356		97
Johnson Controls International plc		2,796		410
Karman Holdings *		226		11
KBR Inc		586		21
Kirby Corp *		234		31
Knight-Swift Transportation Holdings Inc, Cl A		748		52
Kratos Defense & Security Solutions Inc *		827		39
L3Harris Technologies		848		235
Landstar System Inc		165		29
Leidos Holdings Inc		561		65
Lennox International Inc		142		59
Leonardo DRS		359		17

6	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^†† (continued)
Lincoln Electric Holdings Inc		238	$	62
Loar Holdings *		203		14
Lockheed Martin Corp		929		541
Louisiana-Pacific Corp		300		22
Lyft, Cl A *		1,892		30
Masco Corp		918		66
MasTec *		280		74
Middleby Corp/The *		203		27
Midera Food Processing, Cl W *		203		10
Mobility Global, Cl W *		1,371		28
Modine Manufacturing Co *		236		47
MSA Safety Inc		176		33
MSC Industrial Direct Co Inc, Cl A		209		26
Mueller Industries Inc		1,030		68
Nextpower, Cl A *		675		61
Nordson Corp		237		71
Norfolk Southern		1,027		345
Northrop Grumman Corp		610		331
nVent Electric PLC		741		114
Old Dominion Freight Line Inc		860		182
Oshkosh Corp		304		43
Otis Worldwide		1,787		129
Owens Corning		359		50
PACCAR Inc		2,357		313
Parker-Hannifin Corp		577		563
Parsons *		143		6
Paychex Inc		1,462		171
Paycom Software Inc		178		29
Paylocity Holding Corp *		214		30
Pentair PLC		778		51
Planet Labs PBC *		1,237		25
Powell Industries Inc		129		27
Primoris Services		233		20
Quanta Services Inc		682		455
QXO *		4,288		57
RBC Bearings Inc *		147		81
Regal Rexnord		314		64
Republic Services Inc, Cl A		918		193
Robert Half		470		18
Rocket Lab Corp *		2,480		161
Rockwell Automation Inc		512		246
Rollins Inc		1,434		54
RTX		6,178		1,330
Ryder System Inc		168		43
Saia Inc *		127		44
Schneider Electric SE		1,028		345
Schneider National Inc, Cl B		246		9
Science Applications International		223		26
Sensata Technologies Holding PLC		690		32
Simpson Manufacturing Co Inc		199		37
SiteOne Landscape Supply *		210		20
Snap-on		229		94
Solv Energy, Cl A *		180		5

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^†† (continued)
Southwest Airlines Co		2,086	$	94
SPX Technologies *		220		48
SS&C Technologies Holdings		930		72
StandardAero *		1,120		33
Stanley Black & Decker Inc		735		70
Sterling Infrastructure *		138		82
Sunbelt Rentals Holdings		2,670		192
Tetra Tech		1,270		42
Textron Inc		790		67
Timken Co/The		297		41
Toro		421		39
Trane Technologies		1,010		459
TransDigm Group		255		320
TransUnion		862		68
Trex Co Inc *		507		22
Uber Technologies *		8,959		630
U-Haul Holding *		65		5
U-Haul Holding, Cl B		410		26
UL Solutions, Cl A		340		31
Union Pacific Corp		2,716		793
United Continental Holdings Inc *		1,491		181
United Parcel Service Inc, Cl B		3,451		360
United Rentals Inc		289		312
Valmont Industries Inc		84		40
Veralto		1,152		108
Verisk Analytics, Cl A		600		117
Vertiv Holdings, Cl A		1,754		424
Vicor Corp *		110		23
Waste Management Inc		1,700		385
Watsco Inc		165		51
Watts Water Technologies Inc, Cl A		122		42
WESCO International Inc		228		78
Westinghouse Air Brake Technologies		779		227
WillScot Holdings		846		21
Woodward		268		97
WW Grainger Inc		198		274
XPO *		515		103
Xylem Inc/NY		1,089		127
				31,572
Information Technology — 27.5%
Accenture PLC, Cl A		2,804		465
Adobe Inc *		1,846		462
Advanced Energy Industries		171		49
Advanced Micro Devices Inc *		7,455		3,550
Akamai Technologies Inc *		641		74
Amdocs Ltd		525		29
Amkor Technology		541		27
Amphenol Corp, Cl A		5,614		902
Analog Devices Inc		2,234		821
Appfolio, Cl A *		103		19
Apple		66,289		20,477
Applied Digital *		1,147		31
Applied Materials Inc		3,632		1,844

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^†† (continued)
Applied Optoelectronics *		348	$	33
Arista Networks *		4,779		862
Arrow Electronics Inc *		245		53
Astera Labs *		708		220
Atlassian, Cl A *		804		81
Aurora Innovation, Cl A *		5,593		36
Autodesk Inc *		961		225
Avnet Inc		345		31
Bentley Systems, Cl B		748		27
BILL Holdings *		438		20
BitMine Immersion Technologies		2,508		43
Broadcom Inc		21,327		8,302
Cadence Design Systems Inc *		1,260		428
CCC Intelligent Solutions Holdings *		2,891		18
CDW Corp/DE		574		85
Ciena Corp *		641		242
Circle Internet Group, Cl A *		809		51
Cirrus Logic Inc *		252		33
Cisco Systems Inc		18,102		2,100
Cloudflare, Cl A *		1,443		403
Cognex Corp		782		51
Cognizant Technology Solutions Corp, Cl A		2,141		118
Coherent *		821		216
CoreWeave, Cl A *		1,602		115
Corning		3,615		500
Credo Technology Group Holding *		760		157
Crowdstrike Holdings, Cl A *		4,594		877
Datadog, Cl A *		1,500		402
Dell Technologies Inc, Cl C		1,376		558
DigitalOcean Holdings *		366		43
Docusign, Cl A *		857		47
Dolby Laboratories Inc, Cl A		287		17
Dropbox, Cl A *		751		24
Dynatrace *		1,396		62
Elastic *		431		28
Enphase Energy Inc *		605		23
Entegris Inc		713		85
EPAM Systems Inc *		260		27
Everpure, Cl A *		1,409		109
F5 *		257		103
Fair Isaac Corp *		102		115
Figma, Cl A *		906		22
First Solar *		459		97
Flex *		1,666		189
FormFactor Inc *		350		37
Fortinet Inc *		2,769		448
Gartner Inc *		321		48
Gen Digital		2,411		66
Gitlab, Cl A *		684		24
GLOBALFOUNDRIES		588		29
GoDaddy Inc, Cl A *		587		49
Guidewire Software Inc *		398		60
Hewlett Packard Enterprise Co		6,039		289

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^†† (continued)
HP Inc		4,192	$	114
HubSpot Inc *		242		57
Ingram Micro Holding		46		1
Intel Corp *		20,091		1,812
International Business Machines Corp		4,307		963
Intuit Inc		1,236		391
IonQ *		1,677		61
IPG Photonics Corp *		119		10
IREN *		1,471		54
Jabil Inc		485		153
Keysight Technologies *		790		252
KLA		5,990		1,095
Klaviyo, Cl A *		647		12
Kyndryl Holdings *		1,100		15
Lam Research		5,725		1,678
Lattice Semiconductor Corp *		646		80
Littelfuse Inc		112		50
Lumentum Holdings *		324		231
MACOM Technology Solutions Holdings Inc *		308		77
Manhattan Associates Inc *		285		55
Marvell Technology		3,992		749
Microchip Technology Inc		2,447		182
Micron Technology Inc		5,167		4,253
Microsoft Corp		34,062		15,829
MKS		303		90
MongoDB, Cl A *		352		119
Monolithic Power Systems Inc		218		311
Motorola Solutions Inc		768		335
NetApp Inc		920		164
Nutanix Inc, Cl A *		1,213		72
NVIDIA Corp		106,956		21,471
Okta, Cl A *		783		111
ON Semiconductor Corp *		1,814		148
Onto Innovation *		231		60
Oracle Corp		7,845		1,019
Palantir Technologies, Cl A *		10,169		1,251
Palo Alto Networks Inc *		3,693		1,225
Pegasystems Inc		413		13
Procore Technologies *		564		31
PTC Inc *		567		78
Qnity Electronics		950		125
Qorvo Inc *		379		34
QUALCOMM Inc		4,828		713
Ralliant Corp		538		35
Rambus *		487		44
RingCentral, Cl A		381		21
Roper Technologies		471		185
Rubrik, Cl A *		660		48
SailPoint *		286		5
Salesforce		3,635		669
Samsara, Cl A *		1,535		57
Sandisk Corp *		666		809
Sanmina Corp *		230		43

8	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^†† (continued)
Semtech Corp *		421	$	50
SentinelOne, Cl A *		1,385		26
ServiceNow Inc *		4,690		522
SiTime *		101		54
Skyworks Solutions Inc		729		45
Snowflake, Cl A *		1,545		453
Strategy, Cl A *		1,464		137
Super Micro Computer *		2,441		69
Synopsys Inc *		863		335
TD SYNNEX		354		91
Teledyne Technologies *		209		137
Teradyne Inc		714		263
Terawulf *		1,623		29
Texas Instruments Inc		4,164		1,148
Trimble Inc *		1,031		58
TTM Technologies Inc *		466		54
Twilio, Cl A *		672		133
Tyler Technologies Inc *		188		58
Ubiquiti		20		11
UiPath, Cl A *		2,071		26
Unity Software *		1,506		48
Universal Display Corp		209		17
VeriSign Inc		380		110
Viavi Solutions Inc *		1,043		39
Vontier		703		23
Western Digital Corp		1,547		843
Workday Inc, Cl A *		931		149
Zebra Technologies Corp, Cl A *		217		64
Zoom Communications, Cl A *		1,222		117
Zscaler Inc *		479		72
				109,719
Materials — 1.5%
Air Products & Chemicals Inc		1,013		299
Albemarle Corp		559		66
Alcoa Corp		1,228		56
Almonty Industries *		913		10
Amcor		2,163		97
AptarGroup Inc		311		42
Aura Minerals		189		10
Avery Dennison		370		63
Axalta Coating Systems Ltd *		1,037		37
Ball		1,240		80
Celanese Corp, Cl A		530		24
CF Industries Holdings Inc		690		86
Cleveland-Cliffs Inc *		2,806		32
Coeur Mining Inc		4,676		70
Corteva		3,064		241
CRH		3,095		294
Crown Holdings Inc		498		59
Dow Inc		3,364		102
Eagle Materials Inc		157		32
Eastman Chemical Co		546		38
Ecolab Inc		1,148		319

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^†† (continued)
Element Solutions Inc		1,042	$	38
Freeport-McMoRan		6,535		409
Graphic Packaging Holding Co		1,416		15
Hecla Mining Co		2,832		40
Holcim		946		86
International Flavors & Fragrances Inc		1,152		91
International Paper Co		2,369		97
James Hardie Industries *		695		18
Linde		2,111		1,010
LyondellBasell Industries NV, Cl A		1,218		76
Martin Marietta Materials		275		144
Mosaic Co/The		1,500		33
MP Materials *		621		26
NewMarket Corp		28		24
Newmont		4,877		457
Nucor Corp		1,019		262
Olin Corp		546		10
Packaging Corp of America		392		96
PPG Industries Inc		1,027		113
Reliance		233		95
Royal Gold Inc		391		77
RPM International Inc		604		65
Scotts Miracle-Gro Co/The, Cl A		208		14
Sherwin-Williams Co/The		1,057		360
Silgan Holdings		420		17
Smurfit Westrock		2,363		109
Solstice Advanced Materials		765		46
Sonoco Products Co		468		26
Steel Dynamics		612		154
Vulcan Materials		598		161
Westlake		159		11
				6,237
Real Estate — 1.7%
Agree Realty Corp ^‡		515		40
Alexandria Real Estate Equities Inc ^‡		815		42
American Healthcare REIT ^‡		856		48
American Homes 4 Rent, Cl A ^‡		1,624		54
American Tower, Cl A ^‡		2,128		369
Americold Realty Trust ^‡		1,355		19
AvalonBay Communities Inc ^‡		637		118
Brixmor Property Group Inc ^‡		1,447		46
BXP ^‡		753		53
Camden Property Trust ^‡		444		49
CBRE Group Inc, Cl A *		1,346		198
CoStar Group Inc *		1,796		52
Cousins Properties ^‡		793		25
Crown Castle ^‡		1,980		151
CubeSmart ^‡		1,076		45
Digital Realty Trust Inc ^‡		1,617		305
EastGroup Properties Inc ^‡		248		52
EPR Properties ^‡		355		22
Equinix Inc ^‡		450		459
Equity LifeStyle Properties Inc ^‡		901		59

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^†† (continued)
Equity Residential ^‡		1,710	$	114
Essex Property Trust Inc ^‡		303		86
Extra Space Storage Inc ^‡		950		141
Federal Realty Investment Trust ^‡		404		50
Fermi *^‡		956		5
First Industrial Realty Trust Inc ^‡		608		40
Gaming and Leisure Properties Inc ^‡		1,206		54
Healthcare Realty Trust, Cl A ^‡		1,560		33
Healthpeak Properties ^‡		3,295		72
Host Hotels & Resorts Inc ^‡		3,048		77
Howard Hughes Holdings *		147		9
Invitation Homes Inc ^‡		2,702		80
Iron Mountain ^‡		1,343		164
Janus Living, Cl A ^‡		216		6
Jones Lang LaSalle Inc *		206		73
Kilroy Realty Corp ^‡		558		22
Kimco Realty ^‡		2,971		76
Lamar Advertising Co, Cl A ^‡		381		61
Lineage ^‡		336		14
Medical Properties Trust Inc ^‡		2,372		11
Mid-America Apartment Communities ^‡		553		73
Millrose Properties ^‡		734		20
NNN ^‡		889		42
Omega Healthcare Investors Inc ^‡		1,313		66
Prologis Inc ^‡		4,263		616
Public Storage		767		249
Rayonier Inc ^‡		1,429		31
Realty Income Corp ^‡		4,299		274
Regency Centers Corp ^‡		859		69
Rexford Industrial Realty ^‡		993		37
SBA Communications Corp, Cl A ^‡		474		86
Simon Property Group Inc		1,479		339
STAG Industrial Inc ^‡		887		34
Sun Communities Inc ^‡		566		70
UDR Inc ^‡		1,570		60
Ventas Inc ^‡		2,192		205
VICI Properties Inc, Cl A ^‡		4,918		130
Vornado Realty Trust ^‡		838		33
Welltower ^‡		3,236		759
Weyerhaeuser Co ^‡		3,236		81
WP Carey Inc ^‡		1,030		76
Zillow Group Inc, Cl A *		237		8
Zillow Group Inc, Cl C *		773		26
				6,778
Utilities — 1.7%
AES Corp/VA		3,375		50
Alliant Energy Corp		1,221		86
Ameren Corp		1,283		141
American Electric Power Co Inc		2,515		322
American Water Works		882		118
Atmos Energy Corp		733		127
CenterPoint Energy		2,964		125
Clearway Energy Inc, Cl C		552		17

Description	Shares		Market Value ($ Thousands)
COMMON STOCK^†† (continued)
CMS Energy Corp		1,453	$	105
Consolidated Edison Inc		1,714		187
Constellation Energy		1,465		385
Dominion Energy Inc		4,013		278
DTE Energy		942		134
Duke Energy		3,560		447
Edison International		1,726		127
Entergy Corp		2,084		224
Essential Utilities		1,310		52
Evergy Inc		1,094		91
Eversource Energy		1,703		122
Exelon Corp		4,740		217
FirstEnergy Corp		2,491		120
IDACORP Inc, Cl Rights		256		37
MDU Resources Group		964		19
National Fuel Gas		426		35
NextEra Energy		9,555		830
NiSource Inc		2,160		96
NRG Energy Inc		938		126
OGE Energy		912		43
Oklo, Cl A *		624		24
PG&E		9,972		173
Pinnacle West Capital Corp		566		57
PPL Corp		3,519		124
Public Service Enterprise Group		2,302		176
Sempra		2,981		264
Southern Co/The		5,158		488
Talen Energy *		202		67
UGI Corp		1,022		37
Vistra		1,533		227
WEC Energy Group		1,481		162
Xcel Energy Inc		2,884		225
				6,685

Total Common Stock
(Cost $262,173) ($ Thousands)				317,634

FOREIGN COMMON STOCK — 10.0%

Australia — 0.8%
Communication Services — 0.0%
CAR Group		686		12
REA Group		96		11
Telstra Group		7,310		26
				49
Consumer Discretionary — 0.1%
Aristocrat Leisure Ltd		1,022		46
Lottery		4,042		16
Wesfarmers Ltd		2,128		133
				195

10	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Consumer Staples — 0.0%
Coles Group Ltd		2,436	$	41
Woolworths Group Ltd		2,218		62
				103
Energy — 0.0%
Santos Ltd		5,897		33
Woodside Energy Group		3,448		80
				113
Financials — 0.3%
ANZ Group Holdings		5,526		144
ASX Ltd		360		14
Commonwealth Bank of Australia		3,137		391
Insurance Australia Group		4,295		26
Macquarie Group Ltd		696		123
Medibank Pvt Ltd		5,001		18
National Australia Bank Ltd		5,918		171
QBE Insurance Group Ltd		2,742		48
Suncorp Group Ltd		1,966		26
Washington H Soul Pattinson & Co Ltd		621		20
Westpac Banking		6,451		171
				1,152
Health Care — 0.0%
Cochlear Ltd		119		10
CSL		879		76
Pro Medicus		104		12
Sigma Healthcare		10,012		20
Sonic Healthcare		829		13
				131
Industrials — 0.1%
Brambles Ltd		2,493		34
Computershare Ltd		955		27
Qantas Airways		1,346		9
SGH		370		12
Transurban Group		5,644		59
				141
Information Technology — 0.0%
WiseTech Global		365		9

Materials — 0.3%
Anglogold Ashanti		2,297		182
BHP Group		9,525		401
Evolution Mining		3,690		29
Fortescue		3,075		40
Glencore PLC		17,598		130
Lynas Rare Earths *		1,645		16
Northern Star Resources		2,466		34
PLS Group *		5,889		17

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Rio Tinto Ltd		674	$	80
Rio Tinto PLC		2,000		194
South32		8,194		26
				1,149
Real Estate — 0.0%
Goodman Group ^‡		3,688		77
Scentre Group ^‡		9,458		26
Stockland ^‡		4,476		13
Vicinity ^‡		7,396		14
				130
Utilities — 0.0%
APA Group		2,474		18
Origin Energy Ltd		3,128		23
				41
Total Australia				3,213

Austria — 0.0%
Energy — 0.0%
OMV		267		19

Financials — 0.0%
BAWAG Group		141		29
Erste Group Bank AG		559		73
Raiffeisen Bank International AG		239		16
				118
Utilities — 0.0%
Verbund AG		124		9

Total Austria				146

Belgium — 0.1%
Communication Services — 0.0%
Liberty Global, Cl A *		795		8
Liberty Global, Cl C *		666		7
				15
Consumer Discretionary — 0.0%
D'ieteren Group		39		8

Consumer Staples — 0.1%
Anheuser-Busch InBev SA/NV		1,684		146
Lotus Bakeries		1		13
				159
Financials — 0.0%
Ageas		271		22
Groupe Bruxelles Lambert SA		151		14
KBC Group NV		417		60

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Sofina		30	$	8
				104
Health Care — 0.0%
Financiere de Tubize		36		8
UCB SA		230		59
				67
Materials — 0.0%
Syensqo		133		12

Utilities — 0.0%
Elia Group, Cl B		89		13

Total Belgium				378

Bermuda — 0.0%
Financials — 0.0%
RenaissanceRe Holdings Ltd		189		60

Brazil — 0.1%
Financials — 0.1%
NU Holdings, Cl A *		15,788		226
XP, Cl A		1,927		33
				259
Materials — 0.0%
Yara International ASA		301		14

Total Brazil				273

Canada — 0.1%
Consumer Discretionary — 0.1%
Restaurant Brands International		1,558		115

Financials — 0.0%
Brookfield Asset Management, Cl A		1,703		83

Industrials — 0.0%
RB Global		881		97

Utilities — 0.0%
Brookfield Renewable		642		21

Total Canada				316

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Cayman Islands — 0.0%
Financials — 0.0%
Bullish *		193	$	4

Chile — 0.0%
Materials — 0.0%
Antofagasta PLC		716		36

China — 0.1%
Consumer Discretionary — 0.1%
Prosus		2,376		110

Consumer Staples — 0.0%
Wilmar International Ltd		3,500		11

Financials — 0.0%
BOC Hong Kong Holdings Ltd		6,500		43

Industrials — 0.0%
SITC International Holdings		2,000		10
Yangzijiang Shipbuilding Holdings Ltd		4,700		15
				25
Total China				189

Czechia — 0.0%
Industrials — 0.0%
CSG NV *		365		7

Denmark — 0.2%
Consumer Discretionary — 0.0%
Pandora A/S		149		19

Consumer Staples — 0.0%
Carlsberg A/S, Cl B		173		25

Financials — 0.0%
Danske Bank A/S		1,174		67
Tryg A/S		616		15
				82
Health Care — 0.1%
Coloplast A/S, Cl B		229		15
Demant A/S *		155		7
Genmab A/S *		116		33

12	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Novo Nordisk, Cl B		6,060	$	286
				341
Industrials — 0.1%
AP Moller - Maersk A/S, Cl A		5		13
AP Moller - Maersk A/S, Cl B		6		16
DSV		371		80
ROCKWOOL, Cl B		171		6
Vestas Wind Systems		1,834		49
				164
Materials — 0.0%
Novonesis Novozymes B, Cl B		640		42

Utilities — 0.0%
Orsted A/S *		958		21

Total Denmark				694

Finland — 0.1%
Communication Services — 0.0%
Elisa		258		10

Consumer Discretionary — 0.0%
Amer Sports *		677		24

Consumer Staples — 0.0%
Kesko, Cl B		496		12

Energy — 0.0%
Neste Oyj		768		27

Financials — 0.1%
Nordea Bank Abp		5,705		115
Sampo, Cl A		4,397		49
				164
Health Care — 0.0%
Orion Oyj, Cl B		197		18

Industrials — 0.0%
Kone, Cl B		617		36
Metso		1,129		21
Wartsila Abp		913		31
				88
Information Technology — 0.0%
Nokia		9,418		87

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Materials — 0.0%
Stora Enso, Cl R		1,058	$	12
UPM-Kymmene		969		26
				38

Utilities — 0.0%
Fortum		815		19

Total Finland				487

France — 0.9%
Communication Services — 0.0%
Orange SA		3,381		65
Publicis Groupe		416		44
				109
Consumer Discretionary — 0.1%
Accor SA		356		19
Cie Generale des Etablissements Michelin SCA		1,217		49
Hermes International SCA		48		85
Kering		135		44
LVMH Moet Hennessy Louis Vuitton		466		255
Renault SA		349		11
Sodexo SA		161		11
				474
Consumer Staples — 0.1%
Carrefour SA		985		18
Danone SA		1,172		91
L'Oreal SA		450		200
Pernod Ricard SA		366		28
				337
Energy — 0.1%
Bollore SA		1,285		6
TotalEnergies		3,654		321
				327
Financials — 0.2%
Amundi SA		112		12
AXA SA		2,939		152
BNP Paribas SA		1,848		234
Credit Agricole SA		1,702		38
Societe Generale SA		1,198		113
				549
Health Care — 0.0%
Abivax *		100		13
BioMerieux		75		6
EssilorLuxottica SA		552		104
Ipsen		68		13

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Sartorius Stedim Biotech		53	$	10
				146
Industrials — 0.3%
Aeroports de Paris		63		9
Airbus SE		1,114		261
Alstom SA *		629		12
Ayvens		644		9
Bouygues SA		432		24
Bureau Veritas		577		18
Cie de Saint-Gobain		816		76
Dassault Aviation		36		12
Eiffage SA		125		18
Getlink SE		549		12
Legrand		476		72
Rexel SA		406		17
Safran SA		654		256
Thales SA		168		48
Vinci SA		873		123
				967
Information Technology — 0.0%
Capgemini SE		296		35
Dassault Systemes		1,217		28
				63
Materials — 0.1%
Air Liquide		1,200		236

Real Estate — 0.0%
Covivio ^‡		101		6
Gecina SA ^‡		84		7
Klepierre SA ^‡		391		18
Unibail-Rodamco-Westfield ^‡		221		27
				58
Utilities — 0.0%
Engie SA		3,317		103
Veolia Environnement SA		1,143		46
				149
Total France				3,415

Germany — 0.9%
Communication Services — 0.1%
CTS Eventim & KGaA		113		7
Deutsche Telekom AG		6,436		198
Scout24		136		12
				217
Consumer Discretionary — 0.1%
adidas AG		311		57
Bayerische Motoren Werke AG		628		43

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Birkenstock Holding *		253	$	10
Continental AG		200		17
Mercedes-Benz Group		1,311		71
Zalando *		408		13
				211
Consumer Staples — 0.0%
Beiersdorf AG		180		17
Henkel AG & Co KGaA		189		15
				32
Financials — 0.2%
Allianz		713		354
Commerzbank AG		1,215		53
Deutsche Bank AG		3,361		123
Deutsche Boerse AG		342		103
Hannover Rueck SE		109		31
Muenchener Rueckversicherungs- Gesellschaft in Muenchen		247		148
Talanx		117		16
				828
Health Care — 0.1%
Bayer		1,784		99
Fresenius Medical Care AG & Co KGaA		400		20
Fresenius SE & Co KGaA		767		39
Merck KGaA		235		39
Siemens Healthineers AG		614		26
				223
Industrials — 0.3%
Brenntag AG		223		16
Daimler Truck Holding		863		49
Deutsche Lufthansa AG		1,088		11
Deutsche Post		1,681		112
GEA Group AG		266		19
Hensoldt		115		10
HOCHTIEF AG		28		14
Knorr-Bremse		132		16
MTU Aero Engines AG		98		41
Rational		9		7
Rheinmetall		85		112
Siemens		1,397		457
Siemens Energy		1,453		248
				1,112
Information Technology — 0.1%
Infineon Technologies		2,448		175
Nemetschek		105		7
SAP SE		1,957		358
				540

14	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Materials — 0.0%
BASF		1,621	$	94
Evonik Industries AG		465		9
Heidelberg Materials		243		45
Symrise, Cl A		241		25
				173
Real Estate — 0.0%
Vonovia SE		1,345		33

Utilities — 0.0%
E.ON SE		4,077		88
RWE AG		1,081		71
				159
Total Germany				3,528

Guatemala — 0.0%
Communication Services — 0.0%
Millicom International Cellular		602		58

Hong Kong — 0.2%
Communication Services — 0.0%
HKT Trust & HKT Ltd		7,000		12

Consumer Staples — 0.0%
WH Group Ltd		15,000		16

Financials — 0.1%
AIA Group Ltd		19,400		195
Futu Holdings ADR		112		12
Hong Kong Exchanges & Clearing Ltd		2,200		115
Prudential PLC		4,738		71
				393
Industrials — 0.0%
MTR Corp Ltd		3,000		13
Swire Pacific Ltd, Cl A		500		6
Techtronic Industries Co Ltd		2,500		42
				61

Real Estate — 0.1%
CK Asset Holdings Ltd		3,500		22
Henderson Land Development Co Ltd		3,000		11
Hongkong Land Holdings Ltd		2,000		16
Link ^‡		4,864		24
Sino Land Co Ltd		6,000		8
Sun Hung Kai Properties Ltd		2,500		39

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Wharf Real Estate Investment Co Ltd		3,000	$	10
				130
Utilities — 0.0%
CK Infrastructure Holdings Ltd		1,000		8
CLP Holdings		3,000		30
Hong Kong & China Gas		20,000		18
Power Assets Holdings		2,500		19
				75
Total Hong Kong				687

Indonesia — 0.0%
Industrials — 0.0%
Jardine Matheson Holdings Ltd		300		20

Ireland — 0.0%
Consumer Staples — 0.0%
Kerry Group PLC, Cl A		300		28

Financials — 0.0%
AIB Group PLC		3,805		45
Bank of Ireland Group PLC		1,789		38
				83
Industrials — 0.0%
Kingspan Group PLC		281		26

Total Ireland				137

Israel — 0.1%
Financials — 0.1%
Bank Hapoalim BM		2,495		61
Bank Leumi Le-Israel		2,723		64
Harel Insurance Investments & Financial Services		222		13
Israel Discount Bank, Cl A		2,233		23
Mizrahi Tefahot Bank Ltd		282		21
Phoenix Financial		410		23
				205
Health Care — 0.0%
Teva Pharmaceutical Industries ADR *		2,100		74

Industrials — 0.0%
Elbit Systems Ltd		49		39

Information Technology — 0.0%
Check Point Software Technologies *		150		19
Nova *		53		21

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Tower Semiconductor ^*		206	$	45
				85
Materials — 0.0%
ICL Group		1,406		7

Real Estate — 0.0%
Azrieli Group		77		10

Utilities — 0.0%
Enlight Renewable Energy ^*		261		22
OPC Energy ^*		320		10
				32
Total Israel				452

Italy — 0.4%
Communication Services — 0.0%
Telecom Italia ^*		3,049		26

Consumer Discretionary — 0.0%
Ferrari		229		90
Moncler SpA		424		24
				114
Consumer Staples — 0.0%
Coca-Cola HBC AG		396		27
Davide Campari-Milano		1,118		7
				34
Energy — 0.0%
Eni SpA		3,406		95

Financials — 0.2%
Banca Mediolanum		406		11
Banca Monte dei Paschi di Siena		3,587		48
Banco BPM		2,063		38
BPER Banca SPA		3,003		49
FinecoBank Banca Fineco		1,111		30
Generali		1,567		79
Intesa Sanpaolo SpA		25,869		195
Poste Italiane		830		25
UniCredit SpA		2,546		240
Unipol Assicurazioni		651		20
				735
Health Care — 0.0%
Recordati Industria Chimica e Farmaceutica		209		12

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Industrials — 0.1%
Leonardo SpA		735	$	47
Prysmian SpA		510		70
Ryanair Holdings		783		22
				139
Materials — 0.0%
Buzzi		140		7

Utilities — 0.1%
Enel SpA		14,293		161
Italgas		1,113		11
Snam SpA		3,662		25
Terna - Rete Elettrica Nazionale		2,555		29
				226
Total Italy				1,388

Japan — 2.4%
Communication Services — 0.2%
Capcom		600		15
KDDI Corp		5,300		98
Konami Group		200		26
LY		5,200		14
Nexon Co Ltd		600		9
Nintendo Co Ltd		2,000		95
NTT		54,300		52
SoftBank		52,000		73
SoftBank Group Corp		7,000		218
Toho Co Ltd/Tokyo		1,000		10
				610
Consumer Discretionary — 0.4%
Aisin		1,000		14
Asics Corp		1,300		38
Bandai Namco Holdings Inc		1,100		32
Bridgestone Corp		2,000		49
Denso Corp		3,400		42
Fast Retailing		400		196
Honda Motor Co Ltd		6,700		67
Isuzu Motors Ltd		1,000		15
Nissan Motor Co Ltd ^*		4,000		8
Nitori Holdings Co Ltd		700		11
Oriental Land Co Ltd/Japan		2,000		40
Pan Pacific International Holdings Corp		3,500		20
Panasonic Holdings		4,400		116
Rakuten Group ^*		2,700		14
Ryohin Keikaku		1,000		26
Sanrio		1,500		12
Sekisui House		1,100		24
Shimano Inc		100		13
Sony Group		11,000		257
Subaru Corp		1,100		19

16	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Sumitomo Electric Industries		5,200	$	69
Suzuki Motor Corp		2,900		38
Toyota Motor Corp		17,800		337
Yamaha Motor Co Ltd		1,700		14
Zensho Holdings		200		12
				1,483
Consumer Staples — 0.1%
Aeon Co Ltd		4,100		35
Ajinomoto Co Inc		1,600		49
Asahi Group Holdings		2,600		27
Japan Tobacco Inc		2,100		94
Kao		1,600		33
Kikkoman Corp		1,200		12
Kirin Holdings Co Ltd		1,400		26
Seven & i Holdings Co Ltd		3,500		46
Shiseido Co Ltd		700		14
Suntory Beverage & Food Ltd		300		9
Unicharm Corp		2,000		13
				358
Energy — 0.0%
ENEOS Holdings		5,000		41
Idemitsu Kosan		1,500		12
Inpex		1,600		37
				90
Financials — 0.5%
Chiba Bank Ltd/The		1,000		16
Daiichi Life Group		6,400		77
Daiwa Securities Group		2,400		27
Japan Exchange Group Inc		1,800		24
Japan Post Bank Co Ltd		3,300		64
Japan Post Holdings Co Ltd		3,200		47
Japan Post Insurance		900		10
Mitsubishi HC Capital		1,600		15
Mitsubishi UFJ Financial Group Inc		20,000		446
Mizuho Financial Group Inc		4,400		228
MS&AD Insurance Group Holdings Inc		2,300		71
Nomura Holdings Inc		5,500		53
ORIX		2,100		85
Resona Holdings Inc		3,800		52
SBI Holdings Inc/Japan		1,000		19
Sompo Holdings Inc		1,600		71
Sumitomo Mitsui Financial Group Inc		6,800		292
Sumitomo Mitsui Trust Group		4,800		49
T&D Holdings		900		28
Tokio Marine Holdings Inc		3,400		173
Yokohama Financial Group		1,900		22
				1,869
Health Care — 0.1%
Astellas Pharma Inc		3,300		45

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Chugai Pharmaceutical Co Ltd		1,200	$	52
Daiichi Sankyo Co Ltd		3,300		53
Eisai Co Ltd		500		15
Hoya		600		92
Kyowa Hakko Kirin Co Ltd		400		6
Olympus Corp		2,100		24
Otsuka Holdings		800		56
Shionogi & Co Ltd		1,400		25
Takeda Pharmaceutical Co Ltd		2,900		100
Terumo Corp		2,400		35
				503
Industrials — 0.6%
AGC Inc/Japan		400		15
ANA Holdings Inc		300		6
Central Japan Railway Co		1,400		35
Dai Nippon Printing		700		13
Daifuku Co Ltd		600		22
Daikin Industries Ltd		500		72
East Japan Railway Co		1,800		41
Ebara		800		27
FANUC		1,700		68
Fuji Electric Co Ltd		300		26
Fujikura		2,800		71
Furukawa Electric		1,000		19
Hankyu Hanshin Holdings Inc		400		12
Hitachi Ltd		8,400		275
IHI Corp		1,900		33
ITOCHU Corp		10,400		130
Kajima Corp		800		27
Kawasaki Heavy Industries Ltd		1,500		26
Kawasaki Kisen Kaisha		600		11
Komatsu Ltd		1,700		74
Kubota		1,800		31
Makita Corp		400		13
Marubeni Corp		2,600		84
MINEBEA MITSUMI Inc		700		16
Mitsubishi Corp		5,700		170
Mitsubishi Electric Corp		3,500		126
Mitsubishi Heavy Industries Ltd		5,900		138
Mitsui & Co Ltd		4,500		138
Mitsui OSK Lines Ltd		600		22
NIDEC CORP ^*		1,500		24
Nippon Yusen		800		31
Obayashi Corp		1,200		24
Recruit Holdings Co Ltd		2,500		198
Secom		800		34
Seibu Holdings Inc		400		9
Shimizu Corp		900		13
SMC Corp/Japan		100		43
Sumitomo Corp		7,600		79
Taisei		300		24
TOPPAN Holdings		400		11

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Toyota Tsusho Corp		1,200	$	50
West Japan Railway Co		800		15
				2,296
Information Technology — 0.4%
Advantest		1,400		276
Allegro MicroSystems ^*		585		24
Canon Inc		1,600		45
Disco Corp		200		72
FUJIFILM Holdings Corp		2,000		47
Fujitsu Ltd		3,200		74
Ibiden		400		40
Keyence Corp		400		201
Kioxia Holdings ^*		600		167
Kyocera Corp		2,300		52
Lasertec		100		23
Murata Manufacturing Co Ltd		3,000		137
NEC Corp		2,400		71
Nomura Research Institute Ltd		700		21
Obic Co Ltd		600		17
Otsuka Corp		400		8
Renesas Electronics Corp		3,300		66
SCREEN Holdings		300		23
TDK Corp		3,500		67
Tokyo Electron Ltd		800		267
Yokogawa Electric Corp		400		14
				1,712
Materials — 0.1%
Asahi Kasei		2,200		24
JFE Holdings Inc		1,000		11
JX Advanced Metals		1,000		23
Mitsubishi Chemical Group		2,500		18
Mitsui Kinzoku		100		19
Nippon Paint Holdings Co Ltd		1,700		13
Nippon Sanso Holdings		300		11
Nippon Steel Corp		9,000		37
Nitto Denko Corp		1,300		27
Resonac Holdings		300		25
Shin-Etsu Chemical		3,100		110
Sumitomo Metal Mining Co Ltd		500		25
Toray Industries Inc		2,500		18
				361
Real Estate — 0.0%
Daito Trust Construction Co Ltd		500		10
Daiwa House Industry		1,000		29
Hulic Co Ltd		800		9
Mitsubishi Estate Co Ltd		1,900		46
Mitsui Fudosan Co Ltd		4,800		47
Nippon Building Fund ^‡		14		12

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Sumitomo Realty & Development		1,200	$	27
				180
Utilities — 0.0%
Chubu Electric Power Co Inc		1,200		21
Kansai Electric Power Co Inc/The		1,700		26
Osaka Gas Co Ltd		700		24
Tokyo Gas		600		23
				94
Total Japan				9,556

Kazakhstan — 0.0%
Financials — 0.0%
Freedom Holding ^*		84		13

Luxembourg — 0.0%
Financials — 0.0%
CVC Capital Partners		386		6

Health Care — 0.0%
Eurofins Scientific		215		17

Materials — 0.0%
ArcelorMittal		779		55

Total Luxembourg				78

Macao — 0.0%
Consumer Discretionary — 0.0%
Galaxy Entertainment Group Ltd		4,000		18
Sands China Ltd		4,400		8
				26

Mexico — 0.0%
Materials — 0.0%
Fresnillo PLC		402		14
Southern Copper Corp		401		73
				87
Netherlands — 0.6%
Communication Services — 0.0%
Koninklijke KPN NV		7,062		33
Universal Music Group		1,998		33
				66
Consumer Staples — 0.1%
Heineken		523		47
Heineken Holding NV		235		20

18	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Koninklijke Ahold Delhaize		1,658	$	66
Magnum Ice Cream NV ^*		890		16
				149
Financials — 0.1%
ABN AMRO Group NV GDR		1,183		53
Adyen NV ^*		51		52
ASR Nederland		269		22
Euronext		142		26
EXOR		161		13
ING Groep NV		5,509		193
NN Group NV		488		46
				405
Health Care — 0.0%
Argenx ^*		117		100
Koninklijke Philips NV		1,511		40
				140
Industrials — 0.0%
Wolters Kluwer NV		433		34

Information Technology — 0.4%
ASM International		85		79
ASML Holding NV		728		1,197
BE Semiconductor Industries		133		30
Nebius Group, Cl A ^*		400		76
				1,382
Materials — 0.0%
Akzo Nobel NV		310		22

Total Netherlands				2,198

New Zealand — 0.0%
Financials — 0.0%
Infratil		1,696		15

Health Care — 0.0%
Fisher & Paykel Healthcare Corp Ltd		1,065		25

Industrials — 0.0%
Auckland International Airport Ltd		3,126		16

Information Technology — 0.0%
Xero ^*		297		15

Utilities — 0.0%
Contact Energy		1,594		9

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Meridian Energy Ltd		2,477	$	8
				17
Total New Zealand				88

Norway — 0.1%
Communication Services — 0.0%
Telenor ASA		1,118		16

Consumer Staples — 0.0%
Mowi ASA		845		18
Orkla ASA		1,273		14
Salmar		121		7
				39
Energy — 0.1%
Aker BP ASA		574		20
Equinor		1,401		58
Var Energi		1,755		9
				87
Financials — 0.0%
DNB Bank		1,626		52
Gjensidige Forsikring ASA		363		11
				63
Industrials — 0.0%
Kongsberg Gruppen		799		25

Materials — 0.0%
Norsk Hydro ASA		2,554		23

Total Norway				253

Poland — 0.0%
Industrials — 0.0%
InPost ^*		409		7

Portugal — 0.0%
Consumer Staples — 0.0%
Jeronimo Martins SGPS SA		514		10

Energy — 0.0%
Galp Energia SGPS		758		17

Financials — 0.0%
Banco Comercial Portugues, Cl R		15,098		19

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Utilities — 0.0%
EDP		5,698	$	29

Total Portugal				75

Puerto Rico — 0.0%
Financials — 0.0%
Popular Inc		281		49

Singapore — 0.2%
Communication Services — 0.0%
Singapore Telecommunications		13,500		47

Consumer Discretionary — 0.0%
Sea Ltd ADR ^*		694		74

Financials — 0.1%
DBS Group Holdings Ltd		3,900		225
Oversea-Chinese Banking Corp Ltd		6,100		138
Singapore Exchange Ltd		1,600		30
United Overseas Bank Ltd		2,300		78
				471
Industrials — 0.1%
Grab Holdings, Cl A ^*		4,300		15
Keppel Corp Ltd		2,600		23
Singapore Airlines Ltd		2,700		16
Singapore Technologies Engineering		2,800		22
				76
Information Technology — 0.0%
STMicroelectronics		1,229		66

Real Estate — 0.0%
CapitaLand Ascendas ^‡		6,800		14
CapitaLand Integrated Commercial Trust ^‡		10,600		20
CapitaLand Investment		4,300		9
				43
Utilities — 0.0%
Sembcorp Industries Ltd		1,600		7

Total Singapore				784

South Africa — 0.0%
Materials — 0.0%
Anglo American		2,032		103

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
South Korea — 0.0%
Consumer Discretionary — 0.0%
Coupang, Cl A ^*		5,706	$	93
Delivery Hero, Cl A ^*		347		15
				108
Spain — 0.4%
Communication Services — 0.0%
Cellnex Telecom		898		28
Telefonica SA		6,692		27
				55
Consumer Discretionary — 0.1%
Amadeus IT Group SA, Cl A		818		51
Industria de Diseno Textil SA		2,062		134
				185
Energy — 0.0%
Repsol SA		2,102		64

Financials — 0.2%
Banco Bilbao Vizcaya Argentaria SA		10,465		293
Banco de Sabadell SA		9,783		37
Banco Santander SA		27,036		384
Bankinter SA		1,224		22
CaixaBank SA		6,584		95
Mapfre SA		1,678		9
				840
Industrials — 0.0%
ACS Actividades de Construccion y Servicios		335		42
Aena SME		1,362		42
				84
Information Technology — 0.0%
Indra Sistemas		145		10

Utilities — 0.1%
Acciona		45		12
EDP Renovaveis		578		9
Endesa SA		577		28
Iberdrola		11,629		276
Naturgy Energy Group		474		16
Redeia		737		13
				354
Total Spain				1,592

Sweden — 0.3%
Communication Services — 0.0%
Tele2 AB, Cl B		994		17

20	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Telia Co AB		4,284	$	20
				37
Consumer Discretionary — 0.0%
Evolution ^*		269		20
H & M Hennes & Mauritz, Cl B		793		15
				35
Consumer Staples — 0.0%
Essity AB, Cl B		1,094		32

Financials — 0.1%
EQT AB		897		30
Industrivarden AB, Cl A		216		13
Industrivarden AB, Cl C		281		16
Investor, Cl B		3,309		143
L E Lundbergforetagen AB, Cl B		138		8
Skandinaviska Enskilda Banken AB, Cl A		2,881		67
Svenska Handelsbanken AB, Cl A		2,649		40
Swedbank AB, Cl A		1,542		62
				379
Health Care — 0.0%
Swedish Orphan Biovitrum ^*		356		18

Industrials — 0.2%
AddTech, Cl B		472		17
Alfa Laval		525		31
Assa Abloy AB, Cl B		1,820		67
Atlas Copco, Cl A		4,877		103
Atlas Copco, Cl B		2,834		52
Beijer Ref, Cl B		699		10
Epiroc, Cl A		1,197		31
Epiroc, Cl B		708		16
Indutrade		496		13
Investment Latour, Cl B		269		6
Lifco, Cl B		423		14
Nibe Industrier, Cl B		2,752		11
Saab, Cl B		582		37
Sandvik AB		1,936		72
Securitas AB, Cl B		893		14
Skanska AB, Cl B		618		17
SKF AB, Cl B		619		17
Trelleborg, Cl B		368		16
Verisure ^*		472		6
Volvo AB, Cl B		2,884		110
				660
Information Technology — 0.0%
Hexagon, Cl B		3,770		37
Octave Intelligence ^*		377		7

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Telefonaktiebolaget LM Ericsson, Cl B		5,044	$	49
				93
Materials — 0.0%
Boliden		516		26
Svenska Cellulosa, Cl B		1,103		12
				38
Real Estate — 0.0%
Fastighets Balder, Cl B ^*		1,304		7
Sagax, Cl B		399		7
				14
Total Sweden				1,306

Switzerland — 0.8%
Communication Services — 0.0%
Swisscom AG		47		36

Consumer Discretionary — 0.1%
Avolta		160		9
Cie Financiere Richemont SA, Cl A		1,008		238
On Holding, Cl A ^*		1,047		38
Swatch Group		53		12
				297
Consumer Staples — 0.0%
Barry Callebaut		6		9
Chocoladefabriken Lindt & Spruengli AG		4		46
				55
Financials — 0.2%
Banque Cantonale Vaudoise		55		9
Helvetia Baloise Holding		142		38
Julius Baer Group Ltd		374		33
Partners Group Holding AG		41		34
Swiss Life Holding AG		52		61
UBS Group		5,951		314
Zurich Insurance Group AG		276		210
				699
Health Care — 0.4%
Galderma Group		346		75
Lonza Group AG		131		91
Novartis AG		3,433		537
Roche Holding		1,317		575
Sandoz Group		759		62
Sonova Holding AG		92		25
Straumann Holding		203		25
				1,390
Industrials — 0.1%
ABB Ltd		2,938		290

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Continued)

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Belimo Holding		18	$	19
Geberit		61		40
Kuehne + Nagel International AG		88		22
Schindler Holding		117		36
SGS		303		36
VAT Group		49		37
				480
Information Technology — 0.0%
Logitech International		276		28

Materials — 0.0%
DSM-Firmenich		338		37
EMS-Chemie Holding AG		13		13
Givaudan		17		68
Sika AG		277		62
				180
Real Estate — 0.0%
Swiss Prime Site AG		146		24

Utilities — 0.0%
BKW		38		6

Total Switzerland				3,195

Thailand — 0.0%
Information Technology — 0.0%
Fabrinet ^*		164		71

United Kingdom — 1.2%
Communication Services — 0.0%
Airtel Africa		1,666		8
BT Group PLC, Cl A		10,848		29
Informa PLC		2,395		29
Vodafone Group PLC		36,219		57
				123
Consumer Discretionary — 0.1%
Compass Group PLC		3,082		98
Kingfisher PLC		3,238		14
Next PLC		212		42
Pearson PLC		1,084		18
				172
Consumer Staples — 0.2%
Associated British Foods PLC		592		16
British American Tobacco PLC		3,764		228
Coca-Cola Europacific Partners		400		44
Diageo PLC		4,041		89

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Imperial Brands PLC		1,420	$	54
J Sainsbury PLC		3,192		15
Marks & Spencer Group		3,732		20
Reckitt Benckiser Group		1,188		84
Tesco PLC		11,668		77
Unilever		4,114		261
				888
Energy — 0.0%
TechnipFMC		1,791		128

Financials — 0.4%
3i Group PLC		1,843		71
Admiral Group PLC		473		24
Aviva		5,545		52
Barclays PLC		25,289		174
HSBC Holdings PLC		32,210		685
Legal & General Group PLC		10,663		43
Lloyds Banking Group PLC		109,217		169
London Stock Exchange Group PLC		865		97
M&G PLC		4,148		20
NatWest Group		14,668		138
Schroders		1,316		10
Standard Chartered PLC		3,337		98
Standard Life		1,275		16
Wise Group, Cl A ^*		1,210		14
				1,611
Health Care — 0.2%
AstraZeneca PLC		2,833		481
GSK		7,474		194
Smith & Nephew PLC		1,511		24
				699
Industrials — 0.2%
BAE Systems PLC		5,470		155
Bunzl PLC		595		22
CK Hutchison Holdings Ltd		5,000		47
International Consolidated Airlines Group SA		2,257		13
Intertek Group PLC		291		23
Melrose Industries		2,316		14
RELX PLC		3,354		118
Rentokil Initial PLC		4,584		21
Rolls-Royce Holdings PLC		15,744		314
Smiths Group PLC		609		22
Spirax Group		134		12
				761
Information Technology — 0.0%
Halma PLC		689		33

22	Adviser Managed Trust

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Sage Group PLC/The		1,783	$	23
				56
Materials — 0.0%
Endeavour Mining PLC		351		17

Real Estate — 0.0%
Land Securities Group PLC ^‡		1,285		12
Segro PLC ^‡		2,335		31
				43
Utilities — 0.1%
Centrica PLC		9,127		19
National Grid PLC		9,638		154
Severn Trent PLC		491		20
SSE PLC		2,211		70
United Utilities Group PLC		1,238		23
				286
Total United Kingdom				4,784

Total Foreign Common Stock
(Cost $33,164) ($ Thousands)				39,861

EXCHANGE-TRADED FUND — 0.0%

Equity — 0.0%
SPDR S&P 500 ETF Trust		180		134

Total Exchange-Traded Fund
(Cost $75) ($ Thousands)				134

PREFERRED STOCK — 0.0%

Consumer Discretionary — 0.0%
Dr Ing hc F Porsche (A)		207		10
Porsche Automobil Holding SE (A)		278		9
Volkswagen AG (A)		374		32
				51
Consumer Staples — 0.0%
Henkel AG & Co KGaA (A)		307		27

Health Care — 0.0%
Sartorius AG (A)		48		12

Total Preferred Stock
(Cost $100) ($ Thousands)				90

Description	Number of Rights		Market Value ($ Thousands)
RIGHTS — 0.0%
Concentra Bisociences ^*‡‡		513	$	–
TPG ^*‡‡		1,060		–
Total Rights
(Cost $—) ($ Thousands)				–

	Shares
CASH EQUIVALENT — 0.9%
SEI Daily Income Trust, Government Fund, Institutional Class
3.540%^**†		3,458,737		3,459
Total Cash Equivalent
(Cost $3,459) ($ Thousands)				3,459
Total Investments in Securities — 90.4%
(Cost $298,971) ($ Thousands)			$	361,178

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Diversified Equity Fund (Concluded)

A list of the open futures contracts held by the Fund at July 31, 2026, is as follows:

Type of Contract	Number of Contracts	Expiration Date	Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Depreciation)(Thousands)
Long Contracts
MSCI EAFE Index	68	Sep-2026	$	10,667	$	10,820	$	153
MSCI Emerging Markets Index	156	Sep-2026		13,748		12,810		(938	)
Russell 2000 Index E-Mini	96	Sep-2026		14,245		14,102		(143	)
S&P 500 Index E-Mini	8	Sep-2026		3,019		3,008		(11	)
S&P 500 Index E-Mini	1	Sep-2026		375		376		1
			$	42,054	$	41,116	$	(938	)

	Percentages are based on a Net Assets of $399,337 ($ Thousands).
^{^}	Expiration date unavailable.
^*	Non-income producing security.
^**	Rate shown is the 7-day effective yield as of July 31, 2026.
^‡	Real Estate Investment Trust.
^†	Investment in Affiliated Security (see Note 4).
^††	Narrow Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.
(A)	There is currently no rate available.

ADR — American Depositary Receipt

Cl — Class

EAFE — Europe, Australasia and Far East

ETF — Exchange-Traded Fund

GDR — Global Depositary Receipt

Ltd. — Limited

PLC — Public Limited Company

REIT — Real Estate Investment Trust

S&P— Standard & Poor's

SPDR — Standard & Poor's Depository Receipt

As of July 31, 2026, all of the Fund's investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended July 31, 2026 ($ Thousands):

Security Description		Value 7/31/2025				Purchases at Cost				Proceeds from Sales				Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Value 7/31/2026				Income				Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class		$	2,588			$	25,262			$	(24,391	)		$	—			$	—			$	3,459			$	136			$	—

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

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

24	Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Enhanced Fixed Income Fund

Description	Shares		Market Value ($ Thousands)
EXCHANGE-TRADED FUNDS — 98.9%
Fixed Income — 98.9%
SPDR Bloomberg Emerging Markets USD Bond ETF		960,592	$	23,910
SPDR Portfolio High Yield Bond ETF		1,033,391		24,047

Total Exchange-Traded Funds
(Cost $47,931) ($ Thousands)				47,957

CASH EQUIVALENT — 0.5%
SEI Daily Income Trust, Government Fund, Institutional Class
3.540% ^**†		235,436		235

Total Cash Equivalent
(Cost $235) ($ Thousands)				235

Total Investments — 99.4%
(Cost $48,166) ($ Thousands)			$	48,192

	Percentages are based on Net Assets of $48,488 ($ Thousands).
^**	Rate shown is the 7-day effective yield as of July 31, 2026.
^†	Investment in Affiliated Security (see Note 4).

ETF — Exchange-Traded Fund

SPDR — Standard & Poor's Depository Receipt

USD — U.S. Dollar

As of July 31, 2026, all of the Fund's investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended July 31, 2026 ($ Thousands):

Security Description		Value 7/31/2025				Purchases at Cost				Proceeds from Sales				Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Value 7/31/2026				Income				Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class		$	26			$	4,621			$	(4,412	)		$	—			$	—			$	235			$	12			$	—

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

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

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Core Fixed Income Fund

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS — 45.9%
U.S. Treasury Bonds
5.000%, 05/15/2045	$	675	$	654
5.000%, 05/15/2046		550		532
5.000%, 05/15/2056		400		385
4.875%, 08/15/2045		400		381
4.750%, 11/15/2043		4,500		4,255
4.750%, 02/15/2045		1,600		1,504
4.750%, 11/15/2053		3,450		3,179
4.750%, 05/15/2055		500		462
4.750%, 08/15/2055		450		415
4.750%, 02/15/2056		500		462
4.625%, 11/15/2044		200		185
4.625%, 11/15/2045		475		438
4.625%, 02/15/2046		550		507
4.625%, 05/15/2054		120		109
4.625%, 02/15/2055		500		452
4.625%, 11/15/2055		475		430
4.500%, 11/15/2054		600		531
4.375%, 05/15/2041		300		278
4.375%, 08/15/2043		2,100		1,898
4.250%, 02/15/2054		500		425
4.250%, 08/15/2054		400		340
3.625%, 05/15/2053		100		76
3.000%, 08/15/2052		300		202
2.875%, 05/15/2049		200		135
2.875%, 05/15/2052		200		131
2.250%, 05/15/2041		500		351
2.250%, 02/15/2052		250		143
1.875%, 02/15/2051		300		158
1.375%, 11/15/2040		200		124
U.S. Treasury Notes
4.625%, 04/30/2029		400		403
4.625%, 04/30/2031		500		504
4.625%, 05/31/2031		500		504
4.625%, 02/15/2035		1,350		1,347
4.500%, 11/15/2033		1,550		1,542
4.375%, 11/30/2028		500		501
4.375%, 12/31/2029		500		500
4.375%, 01/31/2032		1,000		995
4.375%, 07/31/2033		2,000		1,977
4.375%, 05/15/2034		800		787
4.375%, 05/15/2036		400		389
4.250%, 07/31/2028		900		900
4.250%, 02/28/2029		650		649
4.250%, 01/31/2030		500		498
4.250%, 02/28/2031		300		298
4.250%, 06/30/2031		1,000		992
4.250%, 03/31/2033		400		393
4.250%, 05/31/2033		650		638
4.250%, 06/30/2033		600		589
4.250%, 11/15/2034		300		292
4.250%, 05/15/2035		300		291
4.250%, 08/15/2035		700		678

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
4.125%, 07/31/2028	$	500	$	499
4.125%, 03/31/2029		400		398
4.125%, 11/30/2029		500		496
4.125%, 06/30/2031		400		395
4.125%, 02/29/2032		500		492
4.000%, 12/15/2027		500		498
4.000%, 01/31/2029		5,500		5,458
4.000%, 07/31/2029		500		495
4.000%, 03/31/2030		2,000		1,975
4.000%, 01/31/2031		4,950		4,866
4.000%, 06/30/2032		1,000		975
4.000%, 07/31/2032		400		389
4.000%, 01/31/2033		1,000		970
4.000%, 11/15/2035		500		474
3.875%, 10/15/2027		500		498
3.875%, 03/15/2028		400		398
3.875%, 03/31/2028		1,300		1,292
3.875%, 07/15/2028		1,200		1,191
3.875%, 04/30/2031		1,300		1,270
3.875%, 08/31/2032		300		290
3.875%, 08/15/2033		200		192
3.875%, 08/15/2034		600		570
3.750%, 08/15/2027		500		498
3.750%, 04/15/2028		3,000		2,975
3.750%, 04/30/2028		100		99
3.750%, 12/31/2028		3,500		3,455
3.750%, 12/31/2030		3,250		3,164
3.750%, 08/31/2031		400		387
3.750%, 10/31/2032		1,000		958
3.750%, 11/30/2032		500		479
3.750%, 02/28/2033		1,600		1,529
3.625%, 08/15/2028		2,000		1,974
3.625%, 08/31/2029		500		490
3.625%, 03/31/2030		200		195
3.625%, 09/30/2031		500		481
3.500%, 09/30/2027		350		347
3.500%, 10/15/2028		2,700		2,655
3.500%, 12/15/2028		100		98
3.500%, 02/15/2033		300		282
3.375%, 09/15/2027		500		496
3.375%, 11/30/2027		200		198
3.375%, 12/31/2027		3,150		3,113
3.375%, 02/29/2028		2,600		2,566
3.375%, 09/15/2028		300		294
2.875%, 05/15/2028		250		244

Total U.S. Treasury Obligations
(Cost $88,701) ($ Thousands)				85,867

26	Adviser Managed Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS — 25.2%
Communication Services — 1.8%
Alphabet
5.500%, 02/15/2046	$	100	$	93
4.800%, 02/15/2036		45		43
4.700%, 11/15/2035		60		57
4.500%, 05/15/2035		100		95
AT&T
5.400%, 02/15/2034		250		248
3.650%, 06/01/2051		375		238
Charter Communications Operating
5.850%, 12/01/2035		150		140
5.250%, 04/01/2053		200		147
Comcast
5.350%, 05/15/2053		150		122
5.168%, 01/15/2037 (A)		150		140
3.969%, 11/01/2047		150		102
Meta Platforms
6.450%, 05/15/2066		100		92
5.625%, 11/15/2055		50		42
5.500%, 11/15/2045		100		86
5.400%, 08/15/2054		120		98
5.250%, 05/15/2036		60		57
4.875%, 11/15/2035		50		47
4.750%, 08/15/2034		25		24
4.300%, 08/15/2029		30		30
Rogers Communications
4.550%, 03/15/2052		100		75
Space Exploration Technologies
5.350%, 07/15/2031 (A)		100		97
T-Mobile USA
5.125%, 05/15/2032		150		149
4.850%, 01/15/2029		250		250
Verizon Communications
5.000%, 01/15/2036		50		47
3.400%, 03/22/2041		350		260
2.100%, 03/22/2028		250		240
Walt Disney
7.750%, 12/01/2045		200		240
				3,259
Consumer Discretionary — 1.5%
Alibaba Group Holding
2.700%, 02/09/2041		75		54
Amazon.com
6.100%, 07/09/2056		50		48
5.800%, 03/13/2056		30		27
5.300%, 07/09/2036		50		49
4.875%, 03/13/2036		30		29
4.650%, 11/20/2035		100		94
4.250%, 03/13/2031		35		34
4.000%, 03/13/2029		250		246
2.875%, 05/12/2041		150		106

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
American Honda Finance MTN
5.050%, 07/10/2031	$	100	$	99
4.450%, 10/22/2027		100		100
AutoZone
5.125%, 06/15/2030		100		101
Council of Europe Development Bank
4.500%, 01/15/2030		80		80
Expedia Group
5.500%, 04/15/2036		75		73
Ford Motor Credit
6.050%, 03/05/2031		250		252
General Motors Financial
5.900%, 01/07/2035		200		202
5.450%, 01/08/2036		100		98
Home Depot
3.950%, 09/15/2030		125		121
3.300%, 04/15/2040		150		117
Lowe's
5.000%, 04/15/2033		100		99
2.800%, 09/15/2041		150		103
Marriott International
5.300%, 05/15/2034		100		99
McDonald's
5.450%, 08/14/2053		150		138
O'Reilly Automotive
5.100%, 03/12/2036		100		97
President and Fellows of Harvard College
4.887%, 03/15/2030		100		101
PulteGroup
4.250%, 03/01/2031		50		48
Starbucks
5.000%, 02/15/2034		56		55
Toyota Motor Credit MTN
4.800%, 01/05/2034		200		195
				2,865
Consumer Staples — 1.5%
Altria Group
4.875%, 02/04/2028		100		101
Anheuser-Busch InBev Worldwide
3.500%, 06/01/2030		250		239
BAT Capital
7.079%, 08/02/2043		300		323
Campbell's
4.750%, 03/23/2035		40		37
Coca-Cola
2.875%, 05/05/2041		100		74
Constellation Brands
4.800%, 01/15/2029		250		250
JBS
6.500%, 12/01/2052		250		242
Keurig Dr Pepper
4.600%, 05/15/2030		100		98

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Kraft Heinz Foods
5.200%, 03/15/2032	$	100	$	100
Kroger
5.000%, 09/15/2034		125		121
Mondelez International
4.250%, 05/06/2028		100		99
PepsiCo
5.250%, 07/17/2054		100		92
4.500%, 07/17/2029		100		100
Pepsico Singapore Financing I Pte
4.550%, 02/16/2029		150		150
Philip Morris International
5.125%, 02/15/2030		250		252
Procter & Gamble
4.350%, 01/29/2029		150		150
Target
5.000%, 04/15/2035		125		123
Walmart
4.500%, 04/15/2053		200		165
				2,716
Energy — 1.6%
BP Capital Markets America
4.989%, 04/10/2034		250		246
Canadian Natural Resources
2.950%, 07/15/2030		75		70
Chevron USA
4.850%, 10/15/2035		100		98
ConocoPhillips
5.000%, 01/15/2035		100		98
Devon Energy
5.200%, 09/15/2034		100		98
Diamondback Energy
5.400%, 04/18/2034		100		100
Enbridge
6.700%, 11/15/2053		250		262
Energy Transfer
5.950%, 05/15/2054		250		230
Enterprise Products Operating
4.950%, 02/15/2035		100		98
4.850%, 01/31/2034		200		195
Exxon Mobil
4.227%, 03/19/2040		200		176
Kinder Morgan
5.000%, 02/01/2029		200		201
MPLX
5.500%, 06/01/2034		85		85
Occidental Petroleum
5.550%, 10/01/2034		100		100
ONEOK
6.625%, 09/01/2053		250		250
Phillips 66
5.300%, 06/30/2033		125		125

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Shell Finance US
4.125%, 05/11/2035	$	100	$	93
3.250%, 04/06/2050		150		99
Targa Resources
5.550%, 08/15/2035		100		99
TotalEnergies Capital
5.275%, 09/10/2054		100		89
Williams
4.900%, 03/15/2029		250		250
				3,062
Financials — 8.4%
African Development Bank MTN
3.875%, 06/12/2028		140		139
Ally Financial
5.543%, SOFRINDX + 1.730%, 01/17/2031 (B)		55		55
American Express
5.284%, SOFR + 1.420%, 07/26/2035 (B)		200		199
American International Group
4.850%, 05/07/2030		100		100
Ameriprise Financial
5.350%, 06/15/2036		50		49
Aon North America
5.150%, 03/01/2029		100		101
Ares Capital
5.875%, 03/01/2029		200		201
Arthur J Gallagher
5.150%, 02/15/2035		75		73
Asian Development Bank MTN
4.500%, 08/25/2028		200		201
4.250%, 01/14/2036		165		159
Asian Infrastructure Investment Bank
4.500%, 05/21/2035		80		79
Banco Santander
5.437%, 04/15/2036		200		196
Bank of America
5.744%, SOFR + 1.697%, 02/12/2036 (B)		270		270
5.288%, SOFR + 1.910%, 04/25/2034 (B)		200		199
5.202%, SOFR + 1.630%, 04/25/2029 (B)		250		252
4.623%, SOFR + 1.110%, 05/09/2029 (B)		100		100
Bank of America MTN
2.676%, SOFR + 1.930%, 06/19/2041 (B)		150		106
Bank of Montreal
4.640%, SOFR + 1.250%, 09/10/2030 (B)		100		99

28	Adviser Managed Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Bank of Nova Scotia
4.932%, SOFR + 0.890%, 02/14/2029 (B)	$	100	$	100
4.247%, SOFR + 0.730%, 02/02/2030 (B)		149		147
Barclays
6.224%, SOFR + 2.980%, 05/09/2034 (B)		250		259
Berkshire Hathaway Finance
2.875%, 03/15/2032		100		91
BlackRock Funding
5.250%, 03/14/2054		100		89
Blackstone Private Credit Fund
6.000%, 11/22/2034		50		47
Blackstone Secured Lending Fund
5.125%, 01/31/2031		75		71
Canadian Imperial Bank of Commerce
5.260%, 04/08/2029		65		66
Capital One Financial
7.624%, SOFR + 3.070%, 10/30/2031 (B)		250		272
Charles Schwab
5.853%, SOFR + 2.500%, 05/19/2034 (B)		200		206
Chubb INA Holdings MTN
5.000%, 03/15/2034		65		64
Citigroup
6.174%, SOFR + 2.661%, 05/25/2034 (B)		100		103
5.592%, H15T5Y + 1.280%, 11/19/2034 (B)		200		201
4.952%, SOFR + 1.463%, 05/07/2031 (B)		100		99
2.904%, SOFR + 1.379%, 11/03/2042 (B)		81		57
Corebridge Financial
6.050%, 09/15/2033		100		103
Deutsche Bank NY
6.819%, SOFR + 2.510%, 11/20/2029 (B)		200		208
European Investment Bank
4.250%, 02/08/2036		40		39
4.000%, 02/15/2029		250		248
3.750%, 03/13/2031		100		97
3.750%, 02/14/2033		200		191
Fidelity National Information Services
4.800%, 03/10/2031		25		25
Fiserv
5.150%, 08/12/2034		100		95
Global Payments
5.550%, 11/15/2035		100		95

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Goldman Sachs Group
6.561%, SOFR + 1.950%, 10/24/2034 (B)	$	100	$	106
6.484%, SOFR + 1.770%, 10/24/2029 (B)		250		258
5.655%, SOFR + 1.450%, 07/21/2037 (B)		70		70
5.561%, SOFR + 1.580%, 11/19/2045 (B)		50		46
5.541%, SOFR + 1.320%, 01/21/2047 (B)		50		46
5.536%, SOFR + 1.380%, 01/28/2036 (B)		25		25
5.425%, SOFR + 1.310%, 06/03/2037 (B)		25		24
5.387%, H15T5Y + 1.180%, 02/02/2041 (B)		30		28
5.016%, SOFR + 1.420%, 10/23/2035 (B)		80		77
3.436%, SOFR + 1.632%, 02/24/2043 (B)		150		110
HSBC Holdings
6.547%, SOFR + 2.980%, 06/20/2034 (B)		200		209
5.790%, SOFR + 1.880%, 05/13/2036 (B)		200		201
5.546%, SOFR + 1.460%, 03/04/2030 (B)		50		51
ING Groep
5.525%, SOFR + 1.610%, 03/25/2036 (B)		200		199
Inter-American Development Bank
4.375%, 07/17/2034		100		98
Inter-American Development Bank MTN
4.375%, 07/16/2035		150		146
Intercontinental Exchange
5.250%, 06/15/2031		30		30
3.950%, 12/01/2028		40		40
International Bank for Reconstruction & Development
4.750%, 11/14/2033		100		101
4.000%, 01/10/2031		200		197
3.500%, 07/12/2028		250		246
3.500%, 10/28/2030		100		96
International Bank for Reconstruction & Development MTN
4.625%, 01/15/2032		80		80
International Finance MTN
4.250%, 07/02/2029		160		159
JPMorgan Chase
5.572%, SOFR + 1.680%, 04/22/2036 (B)		100		100
5.534%, SOFR + 1.550%, 11/29/2045 (B)		35		33

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
5.502%, SOFR + 1.315%, 01/24/2036 (B)	$	35	$	35
5.336%, SOFR + 1.620%, 01/23/2035 (B)		100		100
5.012%, SOFR + 1.310%, 01/23/2030 (B)		250		251
4.864%, SOFR + 0.845%, 07/23/2030 (B)		15		15
4.603%, SOFR + 1.040%, 10/22/2030 (B)		75		74
4.347%, SOFR + 0.840%, 01/22/2032 (B)		375		363
3.109%, TSFR3M + 2.460%, 04/22/2041 (B)		150		113
KeyCorp
6.401%, SOFRINDX + 2.420%, 03/06/2035 (B)		100		104
Korea Development Bank
4.500%, 02/15/2029		200		200
Kreditanstalt fuer Wiederaufbau
4.125%, 07/15/2033		150		146
4.000%, 03/15/2029		250		248
Lloyds Banking Group
5.668%, H15T1Y + 0.820%, 02/10/2047 (B)		200		189
Marsh & McLennan
5.700%, 09/15/2053		250		235
Mastercard
4.875%, 05/09/2034		100		99
MetLife
5.375%, 07/15/2033		250		254
Mitsubishi UFJ Financial Group
5.441%, H15T1Y + 1.630%, 02/22/2034 (B)		200		201
5.422%, H15T1Y + 1.380%, 02/22/2029 (B)		200		202
Mizuho Financial Group
5.778%, H15T1Y + 1.650%, 07/06/2029 (B)		200		204
Morgan Stanley
5.900%, SOFR + 1.782%, 03/13/2047 (B)		80		77
5.314%, H15T5Y + 1.170%, 01/18/2041 (B)		201		191
5.173%, SOFR + 1.450%, 01/16/2030 (B)		250		251
5.042%, SOFR + 1.215%, 07/19/2030 (B)		100		100
4.809%, SOFRINDX + 1.180%, 04/16/2032 (B)		35		34
4.654%, SOFR + 1.100%, 10/18/2030 (B)		200		198
3.217%, SOFR + 1.485%, 04/22/2042 (B)		50		37

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Morgan Stanley MTN
5.942%, H15T5Y + 1.800%, 02/07/2039 (B)	$	100	$	101
Nasdaq
5.950%, 08/15/2053		100		96
NatWest Group
4.964%, H15T1Y + 1.220%, 08/15/2030 (B)		200		200
Nomura Holdings
6.070%, 07/12/2028		200		205
Oesterreichische Kontrollbank MTN
4.125%, 05/29/2029		45		45
PayPal Holdings
5.550%, 06/01/2036		75		74
PNC Financial Services Group
5.373%, SOFR + 1.417%, 07/21/2036 (B)		150		148
4.831%, SOFR + 0.798%, 07/19/2030 (B)		100		100
Prudential Financial MTN
5.200%, 03/14/2035		45		44
Royal Bank of Canada
4.950%, SOFRINDX + 0.950%, 08/05/2032 (B)		200		198
S&P Global
3.900%, 03/01/2062		150		102
Santander UK Group Holdings
5.694%, SOFRINDX + 1.524%, 04/15/2031 (B)		100		101
Sumisho Air Lease
4.850%, 03/24/2031 (A)		100		98
Sumitomo Mitsui Financial Group
5.836%, 07/09/2044		100		97
3.050%, 01/14/2042		200		144
Toronto-Dominion Bank MTN
5.523%, 07/17/2028		200		203
Truist Financial
4.957%, SOFR + 0.875%, 07/23/2030 (B)		50		50
Truist Financial MTN
5.153%, SOFR + 1.571%, 08/05/2032 (B)		100		100
US Bancorp
5.775%, SOFR + 2.020%, 06/12/2029 (B)		250		255
Visa
4.150%, 12/14/2035		125		117
Wells Fargo
5.244%, SOFR + 1.110%, 01/24/2031 (B)		185		186
5.150%, SOFR + 1.500%, 04/23/2031 (B)		40		40
3.068%, SOFR + 2.530%, 04/30/2041 (B)		150		111

30	Adviser Managed Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Wells Fargo MTN
5.198%, SOFR + 1.500%, 01/23/2030 (B)	$	250	$	252
4.611%, SOFR + 2.130%, 04/25/2053 (B)		100		80
Westpac Banking
5.535%, 11/17/2028		250		256
				15,651
Health Care — 2.6%
Abbott Laboratories
5.500%, 03/15/2056		100		93
4.900%, 11/30/2046		100		88
4.650%, 03/15/2036		70		67
AbbVie
5.050%, 03/15/2034		50		50
4.750%, 03/15/2036		15		14
4.050%, 11/21/2039		250		213
Amgen
5.600%, 03/02/2043		100		96
5.150%, 03/02/2028		250		252
Astrazeneca Finance
5.000%, 02/26/2034		35		35
4.850%, 02/26/2029		65		65
Baxter International
5.650%, 12/15/2035		100		98
Becton Dickinson
5.110%, 02/08/2034		100		99
Bristol-Myers Squibb
5.200%, 02/22/2034		20		20
3.550%, 03/15/2042		250		192
Cardinal Health
5.350%, 11/15/2034		50		50
Cencora
4.900%, 02/13/2036		50		48
Cigna Group
5.600%, 02/15/2054		20		18
5.250%, 02/15/2034		50		50
5.000%, 05/15/2029		150		151
CVS Health
5.625%, 02/21/2053		100		90
5.300%, 06/01/2033		250		249
Elevance Health
5.125%, 02/15/2053		200		170
Eli Lilly
5.700%, 05/20/2066		100		95
5.100%, 02/12/2035		100		100
4.950%, 02/27/2063		100		84
GE HealthCare Technologies
4.950%, 12/15/2035		100		96
Gilead Sciences
5.100%, 06/15/2035		35		35
2.600%, 10/01/2040		100		70

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
GlaxoSmithKline Capital
4.875%, 04/15/2035	$	100	$	97
HCA
4.375%, 03/15/2042		250		205
3.625%, 03/15/2032		250		230
Humana
6.000%, 05/01/2055		100		92
Johnson & Johnson
4.900%, 06/01/2031		65		66
2.100%, 09/01/2040		100		68
Merck
5.200%, 05/22/2036		35		34
4.750%, 12/04/2035		30		29
2.350%, 06/24/2040		250		173
Novartis Capital
4.600%, 11/05/2035		50		48
3.800%, 09/18/2029		45		44
Pfizer
4.200%, 11/15/2030		35		34
Pfizer Investment Enterprises Pte
5.300%, 05/19/2053		150		135
4.650%, 05/19/2030		100		99
Solventum
5.600%, 03/23/2034		100		101
Stryker
4.700%, 02/10/2028		30		30
Takeda Pharmaceutical
5.300%, 07/05/2034		100		99
Thermo Fisher Scientific, Strike Price Fixed
5.546%, 02/12/2046		15		14
2.000%, 10/15/2031		100		87
UnitedHealth Group
5.050%, 04/15/2053		200		172
4.500%, 04/15/2033		200		192
4.250%, 01/15/2029		200		198
				4,935
Industrials — 1.9%
3M
4.800%, 03/15/2030		100		100
AerCap Ireland Capital DAC
5.300%, 01/19/2034		150		148
Boeing
5.705%, 05/01/2040		300		297
Burlington Northern Santa Fe
5.500%, 03/15/2055		105		97
Canadian National Railway
4.375%, 09/18/2034		20		19
Canadian Pacific Railway
4.800%, 03/30/2030		65		65
Carrier Global
3.377%, 04/05/2040		300		233

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Caterpillar Financial Services MTN
4.150%, 01/08/2031	$	149	$	145
CSX
4.900%, 03/15/2055		65		55
Delta Air Lines
3.750%, 10/28/2029		100		96
Fedex Freight Holding
5.250%, 03/15/2036 (A)		35		33
GATX
5.500%, 06/15/2035		75		74
Honeywell Aerospace
4.000%, 03/16/2029 (A)		100		98
Honeywell International
5.250%, 03/01/2054		100		92
John Deere Capital
4.500%, 01/16/2029		250		250
L3Harris Technologies
5.250%, 06/01/2031		75		76
Leidos
5.400%, 03/15/2032		15		15
Lockheed Martin
5.200%, 02/15/2064		100		87
MasTec
5.900%, 06/15/2029		50		51
Norfolk Southern
5.100%, 05/01/2035		100		98
Northrop Grumman
4.650%, 07/15/2030		100		99
Owens Corning
3.950%, 08/15/2029		75		73
PACCAR Financial
4.450%, 08/06/2027		100		100
Regal Rexnord
6.050%, 04/15/2028		150		153
Republic Services
2.375%, 03/15/2033		75		64
RTX
6.400%, 03/15/2054		250		261
Stanley Black & Decker
2.750%, 11/15/2050		50		28
Uber Technologies
4.800%, 09/15/2035		75		71
Union Pacific
4.950%, 05/15/2053		200		172
United Airlines Pass Through Trust, Ser 2023-1, Cl A
5.800%, 01/15/2036		178		181
United Parcel Service
5.050%, 03/03/2053		200		173
Waste Management
4.650%, 03/15/2030		100		100
				3,604

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Information Technology — 2.0%
Accenture Capital
5.300%, 07/10/2033	$	50	$	50
Amphenol
4.625%, 02/15/2036		100		94
Apple
4.300%, 05/10/2033		200		195
4.000%, 05/10/2028		250		249
2.375%, 02/08/2041		150		103
Broadcom
4.150%, 04/15/2032		200		188
3.500%, 02/15/2041		250		189
Cisco Systems
5.300%, 02/26/2054		100		89
Dell International
5.300%, 04/01/2032		100		100
Hewlett Packard Enterprise
4.550%, 10/15/2029		100		99
HP
6.100%, 04/25/2035		100		103
Intel
5.625%, 02/10/2043		100		92
5.125%, 02/10/2030		250		251
International Business Machines
5.100%, 02/06/2053		200		162
4.500%, 02/06/2028		150		150
Microsoft
4.100%, 02/06/2037		100		92
2.921%, 03/17/2052		200		119
Motorola Solutions
5.400%, 04/15/2034		50		50
NVIDIA
4.950%, 06/15/2036		200		191
NXP BV
5.250%, 08/19/2035		100		97
Oracle
5.700%, 02/04/2036		55		51
5.200%, 09/26/2035		45		40
4.700%, 09/27/2034		50		44
4.500%, 05/06/2028		250		247
3.600%, 04/01/2040		250		173
QUALCOMM
4.650%, 05/20/2035		100		96
Roper Technologies
4.450%, 09/15/2030		50		49
Salesforce
5.550%, 03/15/2036		150		146
Synopsys
5.700%, 04/01/2055		100		92
Texas Instruments
5.050%, 05/18/2063		150		125
				3,726

32	Adviser Managed Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Materials — 0.6%
Berry Global
5.650%, 01/15/2034	$	75	$	76
BHP Billiton Finance USA
5.250%, 09/08/2033		150		150
CRH America Finance
4.400%, 02/09/2031		75		73
Dow Chemical
5.350%, 03/15/2035		100		97
Ecolab
4.300%, 06/15/2028		100		100
LYB International Finance III
4.200%, 05/01/2050		75		53
Martin Marietta Materials
3.200%, 07/15/2051		50		31
Nutrien
5.350%, 05/29/2036		75		73
Rio Tinto Finance USA
5.125%, 03/09/2053		150		132
Sherwin-Williams
2.300%, 05/15/2030		100		91
Smurfit Westrock Financing DAC
5.418%, 01/15/2035		200		199
Southern Copper
5.350%, 06/24/2036		50		49
Vale Overseas
6.125%, 06/12/2033		75		78
				1,202
Real Estate — 0.9%
Alexandria Real Estate Equities
5.625%, 05/15/2054		100		90
5.250%, 05/15/2036		45		43
American Tower
5.450%, 02/15/2034		100		100
5.200%, 02/15/2029		100		101
AvalonBay Communities
4.350%, 12/01/2030		40		39
Boston Properties
5.750%, 01/15/2035		75		75
Crown Castle
4.900%, 09/01/2029		100		100
Equinix Europe 2 Financing
5.500%, 06/15/2034		55		54
Extra Space Storage
5.400%, 06/15/2035		75		74
Host Hotels & Resorts
5.500%, 04/15/2035		100		98
Mid-America Apartments
4.650%, 01/15/2033		50		48
Prologis
5.250%, 06/15/2053		100		90

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Public Storage Operating
5.000%, 12/15/2035	$	75	$	73
Realty Income
4.750%, 02/15/2029		250		250
Simon Property Group
4.750%, 09/26/2034		40		39
4.375%, 10/01/2030		100		98
Ventas Realty
5.000%, 02/15/2036		20		19
VICI Properties
5.750%, 04/01/2034		100		99
Welltower OP
4.500%, 07/01/2030		100		99
				1,589
Utilities — 2.4%
AEP Transmission
5.400%, 03/15/2053		150		136
American Water Capital
5.700%, 09/01/2055		75		71
Arizona Public Service
5.100%, 03/15/2036		75		72
Atmos Energy
5.450%, 01/15/2056		75		69
CenterPoint Energy Resources
5.400%, 07/01/2034		50		50
Consolidated Edison of New York
3.950%, 04/01/2050		150		110
Constellation Energy Generation
5.875%, 01/15/2066		50		46
Consumers Energy
4.700%, 01/15/2030		60		60
DTE Energy
5.100%, 03/01/2029		100		101
Duke Energy Carolinas
5.750%, 06/15/2056		75		71
5.400%, 01/15/2054		150		136
4.850%, 01/15/2034		200		195
Edison International
4.800%, 03/15/2031		75		73
Entergy Louisiana
5.150%, 09/15/2034		125		124
Evergy Kansas Central
5.300%, 07/01/2036		75		74
Eversource Energy
5.450%, 03/01/2028		250		253
Exelon
5.150%, 03/15/2028		250		252
Georgia Power
4.950%, 05/17/2033		250		247
Jersey Central Power & Light
4.400%, 01/15/2031		75		73

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
National Rural Utilities Cooperative Finance
4.120%, 09/16/2027	$	60	$	60
National Rural Utilities Cooperative Finance MTN
4.750%, 02/07/2028		15		15
NextEra Energy Capital Holdings
5.250%, 02/28/2053		150		129
4.900%, 02/28/2028		250		251
NiSource
5.350%, 04/01/2034		100		100
Oncor Electric Delivery
5.800%, 04/01/2055		75		71
Pacific Gas and Electric
6.750%, 01/15/2053		50		50
6.400%, 06/15/2033		150		157
PacifiCorp
5.800%, 01/15/2055		225		203
PG&E Wildfire Recovery Funding
4.377%, 06/01/2039		100		91
PPL Capital Funding
4.125%, 04/15/2030		100		97
Public Service Electric and Gas
5.300%, 08/01/2054		100		90
Public Service of Colorado
5.350%, 05/15/2034		100		100
4.150%, 03/13/2029		100		98
San Diego Gas & Electric
5.350%, 04/01/2053		100		89
Southern California Edison
5.875%, 12/01/2053		150		137
Southern California Gas
6.000%, 06/15/2055		25		24
5.600%, 04/01/2054		50		46
Southwestern Electric Power
5.900%, 04/01/2056		100		94
Union Electric
5.250%, 01/15/2054		100		88
Virginia Electric and Power
5.350%, 01/15/2054		150		133
5.150%, 03/15/2035		100		98
WEC Energy Group
5.625%, H15T5Y + 1.905%, 05/15/2056 (B)		50		49
Wisconsin Power and Light
3.050%, 10/15/2027		75		74
				4,557

Total Corporate Obligations
(Cost $48,687) ($ Thousands)				47,166

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES — 24.7%
Agency Mortgage-Backed Obligations — 24.0%
FHLMC
6.500%, 02/01/2054 to 09/01/2055	$	444	$	461
6.000%, 11/01/2053 to 08/01/2055		1,494		1,515
5.500%, 03/01/2054 to 07/01/2056		2,068		2,054
5.000%, 02/01/2053 to 07/01/2056		1,694		1,637
4.500%, 10/01/2052 to 11/01/2052		1,871		1,769
4.000%, 11/01/2052		629		576
3.500%, 07/01/2038 to 09/01/2052		1,948		1,763
3.000%, 04/01/2052		1,538		1,317
2.500%, 12/01/2050 to 10/01/2051		1,621		1,334
2.000%, 04/01/2037 to 09/01/2051		2,626		2,126
FHLMC Multifamily Structured Pass Through Certificates, Ser K070, Cl A2
3.303%, 11/25/2027(B)		100		99
FHLMC Multifamily Structured Pass Through Certificates, Ser K528, Cl A2
4.508%, 07/25/2029		51		51
FHLMC Multifamily Structured Pass-Through Certificates, Ser 158, Cl A2
4.050%, 07/25/2033		350		333
FHLMC Multifamily Structured Pass-Through Certificates, Ser K508, Cl A2
4.740%, 08/25/2028(B)		500		501
FHLMC Multifamily Structured Pass-Through Certificates, Ser K511, Cl A2
4.860%, 10/25/2028		400		401
FNMA
7.000%, 06/01/2055		158		165
6.500%, 11/01/2053		363		374
6.000%, 09/01/2054 to 03/01/2055		584		594
5.500%, 07/01/2053 to 02/01/2055		979		974
5.000%, 10/01/2045 to 10/01/2053		1,103		1,071
4.000%, 08/01/2052 to 07/01/2055		770		705
3.500%, 01/01/2048 to 04/01/2052		700		628
3.000%, 10/01/2036 to 06/01/2052		1,622		1,433
2.500%, 03/01/2037 to 06/01/2052		4,692		3,911
2.000%, 06/01/2036 to 03/01/2052		6,606		5,312
1.500%, 05/01/2037		786		694
GNMA
6.500%, 01/20/2054 to 08/20/2054		135		139
6.000%, 05/20/2053 to 09/20/2055		679		694
5.500%, 05/20/2054 to 05/20/2056		1,368		1,364
5.000%, 01/20/2053 to 07/20/2056		1,488		1,445
4.500%, 10/20/2052 to 04/20/2056		924		875
4.000%, 10/20/2052 to 05/20/2055		708		649
3.500%, 06/20/2052		983		878
3.000%, 09/20/2051		1,245		1,081
2.500%, 01/20/2051 to 04/20/2052		1,725		1,441
2.000%, 12/20/2050 to 03/20/2052		1,688		1,354
GNMA TBA
6.000%, 08/15/2036		100		102
5.500%, 07/01/2033		100		99

34	Adviser Managed Trust

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
5.000%, 08/01/2033	$	300	$	290
4.500%, 08/01/2023 to 08/15/2039		150		141
3.500%, 08/20/2038 to 08/15/2041		100		87
UMBS TBA
6.000%, 08/01/2033		600		607
5.500%, 08/01/2037		550		544
5.000%, 08/15/2018 to 08/15/2056		650		630
4.000%, 08/15/2056		350		319
3.500%, 08/15/2056		250		222
2.000%, 08/15/2056		300		234
				44,993
Non-Agency Mortgage-Backed Obligations — 0.7%
BANK, Ser 2019-BN21, Cl A5
2.851%, 10/17/2052		275		258
BANK5, Ser 2026-5YR21, Cl A3
5.525%, 04/15/2059		100		101
BBCMS Mortgage Trust, Ser 2024-C24, Cl A5
5.419%, 02/15/2057		150		151
Benchmark Mortgage Trust, Ser 2020-B19, Cl A5
1.850%, 09/15/2053		350		310
BMO Mortgage Trust, Ser C8, Cl A5
5.598%, 03/15/2057(B)		135		137
Wells Fargo Commercial Mortgage Trust, Ser 2022-C62, Cl A4
4.000%, 04/15/2055(B)		350		328
				1,285

Total Mortgage-Backed Securities
(Cost $46,950) ($ Thousands)				46,278

SOVEREIGN DEBT — 2.0%
Canada Government International Bond
3.750%, 04/26/2028		250		248
Chile Government International Bond
4.850%, 01/22/2029		200		200
Export Development Canada
4.125%, 02/13/2029		90		89
Indonesia Government International Bond
5.100%, 02/10/2054		200		171
Israel Government International Bond
4.500%, 01/13/2031		200		194
Japan Bank for International Cooperation
4.375%, 01/24/2031		200		198
Japan International Cooperation Agency
4.750%, 05/21/2029		200		201

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT (continued)
Mexico Government International Bond
6.875%, 05/13/2037	$	200	$	204
6.400%, 05/07/2054		200		180
6.000%, 05/07/2036		200		194
Panama Government International Bond
6.853%, 03/28/2054		200		205
Peruvian Government International Bond
5.875%, 08/08/2054		100		94
3.300%, 03/11/2041		200		150
Philippine Government International Bond
5.000%, 07/17/2033		200		196
Province of Alberta Canada
4.500%, 01/24/2034		250		246
Province of British Columbia Canada
4.800%, 06/11/2035		130		129
Province of Ontario Canada
4.200%, 01/18/2029		250		249
Province of Quebec Canada
4.500%, 09/08/2033		250		246
3.625%, 04/13/2028		200		197
Republic of Poland Government International Bond
5.125%, 09/18/2034		100		99
Total Sovereign Debt
(Cost $3,749) ($ Thousands)				3,690

U.S. GOVERNMENT AGENCY OBLIGATIONS — 0.6%
FFCB
3.750%, 04/09/2029		350		345
FHLB
4.000%, 06/30/2028		250		249
FNMA
0.875%, 08/05/2030		550		479

Total U.S. Government Agency Obligations
(Cost $1,080) ($ Thousands)				1,073

ASSET-BACKED SECURITIES — 0.4%
Automotive — 0.2%
CarMax Auto Owner Trust, Ser 2026-2, Cl A3
4.220%, 06/16/2031		100		99
GM Financial Consumer Automobile Receivables Trust, Ser 2026-1, Cl A3
3.840%, 05/16/2031		42		42
Honda Auto Receivables Owner Trust, Ser 2025-4, Cl A3
3.980%, 06/17/2030		100		99

Adviser Managed Trust

SCHEDULE OF INVESTMENTS

July 31, 2026

Core Fixed Income Fund (Concluded)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Hyundai Auto Receivables Trust, Ser 2025-B, Cl A3
4.360%, 12/17/2029	$	125	$	125
				365

Credit Cards — 0.1%

American Express Credit Account Master Trust, Ser 2025-1, Cl A
4.560%, 12/17/2029		100		100
Capital One Multi-Asset Execution Trust, Ser 2024-A1, Cl A
3.920%, 09/15/2029		100		100
				200

Other — 0.1%

Verizon Master Trust, Ser 2025-5, Cl A1A
4.400%, 06/20/2031		106		105

Total Asset-Backed Securities
(Cost $674) ($ Thousands)				670

MUNICIPAL BONDS — 0.1%
California — 0.1%
State of California, GO
4.350%, 11/01/2032		150		146

New York — 0.0%
City of New York New York, Sub-Ser-Ser H, GO
5.796%, 02/01/2052		95		92

Total Municipal Bonds
(Cost $247) ($ Thousands)				238

Total Investments in Securities — 98.9%
(Cost $190,088) ($ Thousands)			$	184,982

Percentages are based on Net Assets of $186,991 ($ Thousands).

(A)

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 July 31, 2026, the value of these securities amounted to $466 ($ Thousands), representing 0.2% of the Net Assets of the Fund.

(B)

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.

Cl — Class

DAC — Designated Activity Company

FFCB — Federal Farm Credit Bank

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

H15T1Y — US Treasury Yield Curve Rate T Note Constant Mat 1 Year

H15T5Y — US Treasury Yield Curve Rate T Note Constant Mat 5 Year

MTN — Medium Term Note

Ser — Series

SOFR — U.S. Secured Overnight Financing Rate Index

SOFRINDX — Custom Secured Overnight Financing Rate Index

TBA — To Be Announced

TSFR3M — Term Secured Overnight Financing Rate 3 Months

UMBS — Uniform Mortgage Backed Securities

As of July 31, 2026, all of the Fund's investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

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

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

36	Adviser Managed Trust

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

July 31, 2026

	Diversified Equity Fund		Enhanced Fixed Income Fund			Core Fixed Income Fund
Assets:
Investments, at value^†	$	357,719	$	47,957		$	184,982
Affiliated investments, at value^††		3,459		235			—
Cash		34,719		240			4,727
Foreign currency, at value ^†††		278		—			—
Cash pledged as collateral for futures contracts		2,656		—			—
Receivable for fund shares sold		549		73			283
Dividends and interest receivable		177		1			1,622
Receivable for variation margin		118		—			—
Foreign tax reclaim receivable		64		—			—
Receivable for investment securities sold		33		—			—
Prepaid expenses		22		3			12
Total Assets		399,794		48,509			191,626
Liabilities:
Payable for variation margin		157		—			—
Administration fees payable		90		—			2
Shareholder servicing fees payable		86		10			24
Payable for investment securities purchased		29		—			4,556
Professional fees payable		23		3			10
Payable for fund shares redeemed		22		—			8
Investment advisory fees payable		14		4			9
Printing fees payable		14		2			6
Chief Compliance Officer fees payable		1		—			—
Accrued expense payable		21		2			20
Total Liabilities		457		21			4,635
Net Assets	$	399,337	$	48,488		$	186,991
^† Cost of investments	$	295,512	$	47,931		$	190,088
^††Cost of affiliated investments		3,459		235			—
^†††Cost of foreign currency		275		—			—
Net Assets:
Paid-in capital — (unlimited authorization — no par value)	$	328,291	$	48,617		$	190,439
Total distributable earnings (accumulated losses)		71,046		(129	)		(3,448	)
Net Assets	$	399,337	$	48,488		$	186,991
Net Asset Value, Offering and Redemption Price Per Share	$	12.15	$	10.16		$	9.82
		($399,336,820 ÷ 32,877,609 shares)		($48,488,043 ÷ 4,770,303 shares)			($186,990,610 ÷ 19,034,036 shares)

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

Adviser Managed Trust

STATEMENTS OF OPERATIONS ($ Thousands)

For the year ended July 31, 2026

	Diversified Equity Fund			Enhanced Fixed Income Fund			Core Fixed Income Fund
Investment income:
Dividends	$	4,663		$	2,984		$	—
Dividends from affiliated investments⁽¹⁾		136			12			—
Interest income		1,326			21			8,269
Less: foreign taxes withheld		(103	)		—			—
Total investment income		6,022			3,017			8,269
Expenses:
Shareholder servicing fees		944			116			454
Administration fees		755			93			363
Investment advisory fees		755			139			273
Trustee fees		10			1			5
Chief Compliance Officer fees		3			—			1
Professional fees		61			8			15
Custodian/wire agent fees		58			1			5
Printing fees		48			6			18
Registration fees		48			6			23
Proxy fees		1			—			—
Other expenses		63			6			70
Total expenses		2,746			376			1,227
Less:
Waiver of investment advisory fees		(604	)		(93	)		(164	)
Waiver of shareholder servicing fees		—			—			(182	)
Waiver of administration fees		(243	)		(91	)		(277	)
Net expenses		1,899			192			604
Net investment income		4,123			2,825			7,665
Net realized gain (loss) on:
Investments		1,117			(2	)		108
Futures contracts		10,758			—			—
Foreign currency transactions		(8	)		—			—
Net realized gain (loss)		11,867			(2	)		108
Net change in unrealized appreciation (depreciation) on:
Investments		53,465			(342	)		(3,746	)
Futures contracts		(1,411	)		—			—
Foreign currency and translation of other assets and liabilities denominated in foreign currency		8			—			—
Net change in unrealized appreciation (depreciation)		52,062			(342	)		(3,746	)
Net realized and unrealized gain (loss)		63,929			(344	)		(3,638	)
Net increase in net assets resulting from operations	$	68,052		$	2,481		$	4,027

(1)

See Note 4 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.

38	Adviser Managed Trust

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years ended July 31,

	Diversified Equity Fund						Enhanced Fixed Income Fund						Core Fixed Income Fund
	2026			2025			2026			2025			2026			2025
Operations:
Net investment income	$	4,123		$	3,515		$	2,825		$	2,376		$	7,665		$	7,472
Net realized gain (loss)		11,867			50,609			(2	)		(700	)		108			(249	)
Net change in unrealized appreciation (depreciation)		52,062			(61,269	)		(342	)		(418	)		(3,746	)		(2,213	)
Net increase (decrease) in net assets resulting from operations		68,052			(7,145	)		2,481			1,258			4,027			5,010
Distributions		(6,489	)		(52,462	)		(2,839	)		(2,220	)		(6,928	)		(6,624	)
Capital share transactions:⁽¹⁾
Proceeds from shares issued		121,377			289,250			17,132			37,387			26,490			41,457
Reinvestment of dividends & distributions		6,476			9,072			2,016			1,191			6,910			6,606
Cost of shares redeemed		(54,641	)		(321,164	)		(3,702	)		(47,965	)		(16,378	)		(44,168	)
Net increase (decrease) in net assets derived from capital share transactions		73,212			(22,842	)		15,446			(9,387	)		17,022			3,895
Net increase (decrease) in net assets		134,775			(82,449	)		15,088			(10,349	)		14,121			2,281
Net assets:
Beginning of year		264,562			347,011			33,400			43,749			172,870			170,589
End of year	$	399,337		$	264,562		$	48,488		$	33,400		$	186,991		$	172,870

(1)

See Note 5 in the Notes to Financial Statements for additional information.

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

Adviser Managed Trust

FINANCIAL HIGHLIGHTS

For the years or periods ended July 31,

For a share outstanding throughout the years or periods

	Net asset value, beginning of year or period		Net investment income⁽¹⁾		Net realized and unrealized gains (losses)⁽¹⁾			Total from operations			Dividends from net investment income			Distributions from realized gains			Total dividends and distributions			Net asset value, end of year or period		Total return†			Net assets, end of year or period ($ Thousands)		Ratio of net expenses to average net assets		Ratio of expenses to average net assets (excluding waivers and reimbursements)			Ratio of net investment income to average net assets			Portfolio turnover rate^†
Diversified Equity Fund
2026	$	10.29	$	0.12	$	1.93		$	2.05		$	(0.06	)	$	(0.13	)	$	(0.19	)	$	12.15		20.12	%	$	399,337	0.50	%		0.73	%		1.09	%		6	%
2025⁽²⁾		11.20		0.14		0.60	*		0.74			(0.18	)		(1.47	)		(1.65	)		10.29		8.44			264,562	0.53	⁽³⁾		0.74			1.26			92
2024		9.69		0.16		1.61			1.77			(0.16	)		(0.10	)		(0.26	)		11.20		18.60			347,011	0.50			0.75			1.57			2
2023⁽⁴⁾		8.86		0.14		0.69			0.83			–			–			–			9.69		9.37			323,151	0.50			0.81			1.59			132
2022⁽⁵⁾⁽⁶⁾		10.00		0.01		(1.15	)		(1.14	)		–	^{^‡}		–			–	^{^‡}		8.86		(11.38	)		145	0.50			1.04			0.19			6,822	⁽⁷⁾
Enhanced Fixed Income Fund
2026	$	10.20	$	0.63	$	(0.04	)	$	0.59		$	(0.63	)	$	–		$	(0.63	)	$	10.16		5.85	%	$	48,488	0.41	%⁽⁸⁾		0.81	%⁽⁸⁾		6.10	%⁽¹⁰⁾		1	%
2025⁽²⁾		10.01		0.68		–			0.68			(0.49	)		–			(0.49	)		10.20		7.03			33,400	0.42	⁽⁹⁾		0.84			6.75			99

2024		9.83		0.62		0.18			0.80			(0.62	)^‡		–			(0.62	)^‡		10.01		8.48			43,749	0.42			0.88			6.29			3
2023⁽¹¹⁾		10.00		0.22		(0.18	)		0.04			(0.21	)^‡		–			(0.21	)^‡		9.83		0.42			39,312	0.41			0.86			4.59			56
Core Fixed Income Fund
2026	$	9.97	$	0.43	$	(0.19	)	$	0.24		$	(0.38	)	$	(0.01	)	$	(0.39	)	$	9.82		2.34	%	$	186,991	0.33	%		0.68	%		4.22	%		22	%
2025		10.06		0.43		(0.14	)		0.29			(0.38	)		–			(0.38	)		9.97		2.94			172,870	0.34	⁽¹²⁾		0.71			4.30			52
2024⁽¹³⁾		10.00		0.23		0.02			0.25			(0.19	)		–			(0.19	)		10.06		2.53			170,589	0.33			0.69			4.39			84

Amount is less than $0.005 per share.

The amount shown for a share outstanding throughout the period does not accord with the aggregate net realized and unrealized losses for that period because of the sales and repurchases of fund shares in relation to fluctuating market value of the investments of the Fund.

†

Returns and portfolio turnover rate 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.

‡

Includes return of capital of less than $0.005 per share.

(1)

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

(2)

For the period April 10, 2025, through May 20, 2025, the Fund was not an active component of the Adviser Managed Strategy (see Note 1).

(3)

The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.52%.

(4)

For the period August 1, 2022 through January 31, 2023, the Fund was not an active component of the Adviser Managed Strategy (see Note 1).

(5)

For the period April 26, 2022 through July 31, 2022, the Fund was not an active component of the Adviser Managed Strategy (see Note 1).

(6)

Commenced operations on March 30, 2022. All ratios for the period have been annualized.

(7)

Portfolio turnover rate reflects the Financial Advisor’s strategy to exercise its investment discretion which leads to the Fund buying and selling securities and other instruments frequently. Please see Note 1 for further details.

(8)

The Fund will also indirectly bear their prorated share of expenses of any underlying funds in which it invests. Such expenses are not included in the calculation of this ratio.

(9)

The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.41%.

(10)

Net investment income ratios do not reflect the proportionate share of income and expenses of the underlying funds in which the fund invests.

(11)

Commenced operations on February 1, 2023. All ratios for the period have been annualized.

(12)

The expense ratio includes a proxy fee expense. Had this expense been excluded the ratio would have been 0.33%.

(13)

Commenced operations on January 22, 2024. All ratios for the period have been annualized.

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

40	Adviser Managed Trust

NOTES TO FINANCIAL STATEMENTS

July 31, 2026

1. ORGANIZATION

Adviser Managed Trust (the “Trust”) was established as a Delaware statutory trust under an Agreement and Declaration of Trust dated September 22, 2010. The Trust commenced operations on February 25, 2011.

The Trust is registered under the Investment Company Act of 1940, as amended, as an open-end investment management company with three registered funds: Diversified Equity Fund, the Enhanced Fixed Income Fund, and the Core Fixed Income Fund (each a “Fund”, collectively, “the Funds”), each of which is a diversified fund. The Diversified Equity Fund commenced operations on March 30, 2022. The Enhanced Fixed Income Fund commenced operations on February 1, 2023. The Core Fixed Income Fund commenced operations on January 22, 2024. The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held. The Trust’s prospectus provides a description of the Funds’ investment objectives and strategies.

Only persons who are clients of the Financial Adviser (as defined below) and who participate in the Adviser Managed Strategy should invest in the Funds. The Funds may not be purchased by any other investor. The Funds are designed to be a component of a broader strategy employed by a third party investment manager (“Financial Adviser”) for the benefit of its clients. The Financial Adviser seeks to take advantage of broad market changes by tactically shifting its clients’ assets among the Funds, and a money market fund affiliated with the Funds, depending on the Financial Adviser’s evaluation of current market conditions (“Adviser Managed Strategy” or “Strategy”). The Financial Adviser is not the adviser to the Funds, and is not affiliated with SEI Investments Management Corporation (“SIMC”), the adviser to the Funds.

When the Financial Adviser determines to reallocate its clients’ assets to one or more of the other funds that compose the Adviser Managed Strategy, the Financial Adviser may request the redemption of a substantial portion of or all of the shares for which the Financial Adviser exercises investment discretion. In such an instance, the Financial Adviser’s notice of its intent to redeem or formal redemption request (collectively, “Redemption Request”) will cause a Fund to liquidate a substantial portion of or substantially all of its assets in order to fulfill the Redemption Request. If the Financial Adviser’s Redemption Request includes all of the shares for which it exercises investment discretion, the Fund will no longer be an active component of the Adviser Managed Strategy.

When the Diversified Equity Fund is not an active component of the Adviser Managed Strategy, the Fund may invest up to 100% of its remaining assets in cash, money market instruments, repurchase agreements and other short-term obligations pending the Financial Adviser’s formal redemption request; and exchange-traded funds (ETFs) that are designed to track the performance of the broad U.S. equity market. When the Enhanced Fixed Income Fund is not an active component of the Adviser Managed Strategy, the Fund may invest up to 100% of its remaining assets in cash, money market instruments, repurchase agreements and other short-term obligations that would not ordinarily be consistent with the Fund’s investment goal and ETFs that are designed to track the performance of one or more broad fixed income markets. When the Core Fixed Income Fund is not an active component of the Adviser Managed Strategy, the Fund may invest up to 100% of its remaining assets in cash, money market instruments, repurchase agreements and other short-term obligations that would not ordinarily be consistent with the Fund’s investment goal.

A Fund could be invested in these types of investments for extended periods of time. At such times, SIMC will manage the assets of the Fund. SIMC, the Financial Adviser or one or more of their affiliates will be the only investors in a Fund following the Financial Adviser’s redemption of all of its clients’ shares from a Fund. Due to this strategy, a Fund may buy and sell securities and other instruments frequently.

2. SIGNIFICANT ACCOUNTING POLICIES

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

Use of Estimates — The preparation of financial statements, in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities as of 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 committee of SIMC persons to function as the Valuation Designee (the “Committee”) and has established a Valuation and Pricing Policy to implement the Rule and the Funds’ Valuation and Pricing Policy (together with SIMC’s Valuation and Pricing Policy, the “Fair Value Procedures”). As discussed in detail below, the Committee will typically first seek to fair value investments with valuations received from an independent, third-party pricing agent (a “Pricing Service”). If such valuations are not available or are unreliable, the Committee will seek to obtain a bid price from at least one independent broker or dealer. If a broker or dealer quote is unavailable, the Committee will convene, subject to the Fair Value Procedures, to establish a fair value for the fair value investments. 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) are valued 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. The Funds value 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 ETFs, 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 CDO/CLO, the Funds will value the securities using a bid price from at least one independent broker.

Adviser Managed Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

July 31, 2026

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 Funds’ Fair Value Procedures until a price from an independent source can be secured. 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. Further, the value of securities in a 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 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 NAV, the settlement price may not be available at the time at which a 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 rates provided by an independent source.

42	Adviser Managed Trust

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 or a Sub-Adviser, as applicable, will continuously monitor 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 SIMC or 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 Funds’ Fair Value Procedures provide that any change in a primary pricing agent or a pricing methodology requires prior approval by the Board of Trustees (“Board”) or its designated sub-committee. However, when the change would not materially affect valuation of the Funds’ net assets or involve a material departure in pricing methodology from that of the Funds’ 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 Procedures.

The Committee must monitor for circumstances that may necessitate that a security be valued using 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 Fair Value Procedures, 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.

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 Net Asset Value (“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 a Fund calculates NAV. A Fund may invest in securities that are primarily listed on foreign exchanges that trade on weekends or other days when a Fund does not price its shares. As a result, the NAV of a 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 the 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, the Funds use several processes, with respect to certain securities to monitor the pricing data supplied by various sources, including price comparisons and price movements. Any identified discrepancies are researched and subject to the procedures described above.

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.

Adviser Managed Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

July 31, 2026

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.)

Level 3 — significant unobservable inputs (including a 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 Funds may use a systematic fair valuation model provided by an independent pricing service to value foreign equity securities in order to adjust for stale pricing, which may occur between the close of certain foreign exchanges and the New York Stock Exchange. These are generally categorized as Level 2 in the hierarchy.

When independent prices are unavailable or unreliable, debt securities and swaps may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. For certain collateralized debt obligations, corporate obligations, mortgage backed securities, auction rate preferred securities and loan participations where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

The valuation techniques used by the Funds to measure fair value during the year ended July 31, 2026, maximized the use of observable inputs and minimized the use of unobservable inputs.

For the year ended July 31, 2026, there have been no significant changes to the Trust’s fair valuation methodologies.

For details of the investment classification, reference the Schedule of Investments.

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

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 are calculated using the scientific interest method, which approximates the effective interest method over the holding period of the security. Amortization of premiums and discounts is included in interest income.

Repurchase Agreements — Securities pledged as collateral for repurchase agreements are held by the Funds’ custodian bank until the repurchase date of the repurchase agreement. The Funds also may invest in tri-party repurchase agreements. Securities held as collateral for tri-party repurchase agreements are maintained by the broker’s custodian bank in a segregated account until the repurchase date of the repurchase agreement. Provisions of the repurchase agreements and the Trust’s policies require that the market value of the collateral, including accrued interest thereon, is sufficient in the event of default by the counterparty. If the counterparty defaults and the value of the collateral declines, or if the counterparty enters into an insolvency proceeding, realization of the collateral by the Funds may be delayed or limited. There were no outstanding repurchase agreements as of July 31, 2026.

Reverse Repurchase Agreements — To the extent consistent with its investment objective and strategies, the Funds may issue reverse repurchase agreements. A reverse repurchase agreement involves the sale of portfolio assets together with an agreement to repurchase the same assets later at a fixed price.

44	Adviser Managed Trust

Additional assets are maintained in a segregated account with the custodian. The segregated assets may consist of cash, U.S. Government securities, or other liquid securities at least equal in value to the obligations under the reverse repurchase agreements. In the event the buyer of securities under a reverse repurchase agreement files for bankruptcy or becomes insolvent, the Funds’ use of the proceeds under the reverse repurchase agreement may be restricted pending a determination by the other party, or its trustee or receiver, whether to enforce the obligation to repurchase the securities. There were no outstanding reverse repurchase agreements as of July 31, 2026.

Foreign Currency Translation — The books and records of the Funds’ investments 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, the Funds may enter into forward foreign currency contracts for hedging or speculative purposes with respect to either specific transactions, fund positions or anticipated fund positions. 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 the Funds’ Schedules of Investments for details

regarding open forward foreign currency contracts as of July 31, 2026, if applicable.

Futures Contracts — To the extent consistent with its investment objective and strategies, the Funds may use futures contracts for tactical hedging purposes as well as to enhance the Funds’ returns. Initial margin deposits of cash or securities are made upon entering into futures contracts. The contracts are marked-to-market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin payments are paid or received, depending upon whether unrealized gains or losses are incurred. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.

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

Finally, the risk exists that losses could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to the Funds’ Schedules of Investments for details regarding open futures contracts as of July 31, 2026, if applicable.

Options/Swaptions Writing/Purchasing — To the extent consistent with its investment objective and strategies, the Funds may invest in financial options/swaptions contracts for the purpose of hedging its existing portfolio securities, or securities that the Funds intend to purchase, against fluctuations in fair market value caused by changes in prevailing market interest rates. The Funds may also invest in financial option/swaption contracts to enhance its returns. When a Fund writes or purchases an option/swaption, an amount equal to the premium received or paid by a Fund is recorded as a liability or an asset and is subsequently adjusted to the current market value of the option/swaption written or purchased. Premiums received or paid from writing or purchasing options/swaptions which expire unexercised are treated by the Funds 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/swaption is exercised, the premium paid or received is added to the cost of the purchase or proceeds from the sale in determining whether a Fund has realized a gain or a loss.

Adviser Managed Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

July 31, 2026

The risk in writing a call option/swaption is a Fund may give up the opportunity for profit if the market price of the security increases. The risk in writing a put option/swaption is a Fund may incur a loss if the market price of the security decreases and the option/swaption is exercised. The risk in purchasing an option/swaption is a Fund may pay a premium whether or not the option/swaption is exercised. A 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/swaption contracts also involve the risk that they may not work as intended due to unanticipated developments in market conditions or other causes.

Finally, the risk exists that losses on written options could exceed amounts disclosed on the Statements of Assets and Liabilities. The Funds did not hold any option/swaption contracts as of July 31, 2026.

Swap Agreements — To the extent consistent with its investment objective and strategies, the Funds may invest in swap contracts for speculative or hedging purposes. Swaps may be used to synthetically obtain exposure to securities or baskets 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. Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal. Credit-default swaps involve periodic payments by a Fund or counterparty based on a specified rate multiplied by a notional amount assigned to an underlying debt instrument or group of debt instruments in exchange for the assumption of credit risk on the same instruments. In the event of a credit event, usually in the form of a credit rating downgrade, the party receiving periodic payments (i.e. floating rate payer) must pay the other party (i.e. fixed rate payer) an amount equal to the recovery rate used to settle the contracts. The recovery rate is a function of how many credit default swap investors wish to deliver the security or receive the security. The recovery rate is determined through an auction process. Total return swaps allow an investor to benefit from the cash flow without ever actually owning the underlying security. The receiver must pay any decline in value to the payer at the end of the total return swap. However, the investor does not need to make a payment if there is no decline in price.

Payments can be made on various indices, bonds (i.e. mortgage backed securities, bank debt and corporate), loans or commodities. The value of a total return swap is equal to the change in value of the underlying asset versus the accrued income payment based on LIBOR or some other form of indices on the notional amount. Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal to manage a Fund’s exposure to interest rates. Payments received or made are recorded as realized gains or loss. A Fund could be exposed to credit or market risk due to unfavorable changes in the fluctuation of interest rates or if the counterparty defaults on its obligation to perform. Risk of loss may exceed amounts recognized on the Statements of Assets and Liabilities. In connection with swap agreements securities may be set aside as collateral by the Funds’ 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 unrealized gains or losses in the Statements of Operations. Net payments of interest are recorded as realized gains or losses.

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

These risks may be mitigated by having a master netting arrangement between the Funds and a counterparty and by having the counterparty post collateral to cover the Funds’ exposure to the counterparty. See Note 3 for further details. The Funds did not hold any swap contracts as of July 31, 2026.

Delayed Delivery Transactions — To the extent consistent with its investment objective and strategies, the Funds may purchase or sell securities on a when-issued or delayed delivery basis. These transactions involve a commitment by a Fund to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period. When purchasing a security on a delayed delivery basis, a 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 net asset value. A 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 a Fund has sold a security on a delayed delivery basis, that Fund does not participate in future gains and losses with respect to the security.

46	Adviser Managed Trust

Loan Participations and Brady Bonds — To the extent consistent with its investment objective and strategies, the Funds may invest in U.S. dollar-denominated fixed - and floating-rate loans (“Loans”) arranged through private negotiations between a foreign sovereign entity and one or more financial institutions (“Lenders”). A Fund invests in such Loans in the form of participations in Loans (“Participations”) or assignments of all or a portion of Loans from third parties. Participations typically result in this Fund having a contractual relationship only with the Lenders, not with the sovereign borrowers. This Fund has the right to receive payments of principal, interest and any fees to which it is entitled from the Lender selling the Participation and only upon receipt by the Lender of the payments from the borrower. In connection with purchasing Participations, a Fund generally has no right to enforce compliance by the borrower with the terms of the loan agreement relating to the Loan, nor any rights of set-off against the borrower, and a Fund will not benefit directly from any collateral supporting the Loan in which it has purchased the Participation. As a result, a Fund assumes the credit risk of both the borrower and the Lender that is selling the Participation.

Certain debt obligations, customarily referred to as “Brady Bonds,” are created through the exchange of existing commercial bank loans to foreign entities for new obligations in connection with debt restructuring under a plan introduced by former U.S. Secretary of the Treasury Nicholas F. Brady. Brady Bonds have only been issued since 1989, and, accordingly, do not have a long payment history. They are issued by governments that may have previously defaulted on the loans being restructured by the Brady Bonds, so they are subject to the risk of default by the issuer. They may be fully or partially collateralized or uncollateralized and issued in various currencies. As of July 31, 2026, the Funds did not hold any loans.

Collateralized Debt Obligations — To the extent consistent with its investment objective and strategies, the Funds 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 security. 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 their 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 the type of the collateral securities and the class of the CDO in which a Fund invests. 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 a Fund 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 CDOs that are subordinate structure of the investment and investment results. The Funds did not hold any CDOs or CLOs as of July 31, 2026.

Dividends and Distributions to Shareholders — Dividends from net investment income are declared and paid to shareholders annually by the Diversified Equity Fund and quarterly by the Enhanced Fixed Income Fund and Core Fixed Income Funds. Dividends and distributions are recorded on the ex-dividend date. Any net realized capital gains will be distributed at least annually by the Funds.

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.

Adviser Managed Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

July 31, 2026

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. The Fund’s Chief Financial Officer serves as the CODM. The CODM reviews Fund-level financial information, including total returns, expense ratios, changes in net assets, schedules of investments, and other performance and profitability reports, to assess the Fund’s operating results. Each Fund is structured as an investment company and represents a single operating segment. 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.

3. DERIVATIVE TRANSACTIONS

The Funds are 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 the Funds to close out and net their 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. The Funds’ 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 US, counterparty risk is significantly reduced as creditors of the futures broker do not have claim to 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 Over the Counter (“OTC”) derivatives.

International Swaps and Derivatives Association, Inc. Master Agreements and Credit Support Annexes (“ISDA Master Agreements”) govern OTC financial derivative transactions entered into by the Funds 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.

48	Adviser Managed Trust

The following tables show the derivatives categorized by underlying risk exposure.

The fair value of derivative instruments as of July 31, 2026 was as follows ($ Thousands):

Asset Derivatives

Liability Derivatives

Statement of Assets and Liabilities Location

Fair Value

Statement of Assets and Liabilities Location

Fair Value

Derivatives not accounted for as hedging instruments:

Diversified Equity Fund

Equity contracts

Unrealized appreciation on futures contracts

154

Unrealized depreciation on futures contracts

1,092

Total Derivatives not accounted for as hedging instruments

154

1,092

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 July 31, 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
Diversified Equity Fund
Equity contracts	$	—	$	—	$	10,758	$	—	$	—	$	10,758
Total	$	—	$	—	$	10,758	$	—	$	—	$	10,758

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
Diversified Equity Fund
Equity contracts	$	—	$	—	$	(1,411	)	$	—	$	—	$	(1,411	)
Total	$	—	$	—	$	(1,411	)	$	—	$	–	$	(1,411	)

The following table discloses the average quarterly balances of the Funds' derivative activity during the year ended July 31, 2026 ($ Thousands):

Diversified Equity

Fund

Futures Contracts:

Average Notional Balance Long

41,199

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

Investment Advisory, Administration & Distribution Agreements — SIMC serves as investment adviser (the “Adviser”) to the Funds. In connection with serving as Adviser, SIMC is entitled to a fee that is calculated daily and paid monthly, based on the average daily net assets of the Funds.

The Trust and SEI Investments Global Funds Services (the “Administrator”) are parties to an Administration and Transfer Agency Agreement under which the

Administrator provides administrative and transfer agency services for annual fees, based on the average daily net assets of the Funds.

SEI Investments Distribution Co. (the “Distributor”), serves as the Funds’ Distributor pursuant to a distribution agreement with the Trust. The Funds have adopted a shareholder services plan (the “Service Plan”) with respect to the Shares that allows such Shares to pay service providers a fee in connection with the ongoing servicing of shareholder accounts owning such Shares at an annual rate of average daily net assets of the Shares. The Funds’ Service Plan provides that shareholder servicing fees on the Shares will be paid to the Distributor, which may be used by the Distributor to compensate financial intermediaries for providing shareholder services with respect to the Shares.

The Funds’ administrator and/or its affiliates have contractually agreed to waive fees or reimburse expenses for the Funds until November 30, 2026, in order to keep total fund 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) from exceeding the levels specified in the table below. These contractual waivers and reimbursements will only apply if the Funds’ total operating costs exceed the applicable thresholds and will not affect the Funds’ total operating costs if they are less than the applicable thresholds. In other words, shareholders will pay the lower of the Funds’ actual total fund operating expenses or total fund operating expenses after contractual waivers and expense reimbursements. The contractual waiver and expense reimbursement are limited to the Funds’ direct operating expenses and, therefore, do not apply to indirect expenses incurred by the Funds, such as acquired fund fees and expenses (“AFFE”). The agreement may be amended or terminated only with the consent of the Board of Trustees.

Adviser Managed Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

July 31, 2026

The Funds’ adviser, the Funds’ administrator and/ or the Funds’ 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, trustee fees, taxes and extraordinary expenses not incurred in the ordinary

course of the Funds’ business) at the levels specified in the table below. The voluntary waivers of the Funds’ adviser, Funds’ administrator and Funds’ distributor are limited to the Funds’ direct operating expenses and therefore do not apply to indirect expenses incurred by the Funds, such as AFFE, if any. The Funds’ adviser, the Funds’ administrator and/or the Funds’ distributor may discontinue all or part of these waivers at any time.

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

	Advisory Fee			Shareholder Servicing Fee			Contractual Expense Limitation*			Voluntary Expense Limitation^
Diversified Equity Fund		0.20	%		0.25	%		0.75	%		0.50	%
Enhanced Fixed Income Fund		0.30	%**		0.25	%		0.92	%		0.41	%
Core Fixed Income Fund		0.15	%		0.25	%		0.70	%		0.33	%

Effective November 30, 2023, the Funds’ administrator and its affiliates have contractually agreed to waive fees and reimburse expenses for a period of one year in order to keep total annual Fund operating expenses (exclusive of interest from borrowings, brokerage commissions, taxes and extraordinary expenses not incurred in the ordinary course of each Fund’s business) from exceeding the amounts listed above. This fee waiver and reimbursement agreement was extended and will remain in effect until November 30, 2026. The agreement may be amended or terminated only with the consent of the Board of Trustees of the Funds.

SIMC has contractually agreed to waive its advisory fee as necessary to keep the advisory fee paid by the Fund during its fiscal year from exceeding 0.10%. This fee waiver agreement shall remain in effect until November 30, 2026. The agreement may be amended or terminated only with the consent of the Board of Trustees.

The Funds’ adviser, the Funds’ administrator and/or the Funds’ distributor voluntarily waived and/or reimbursed a portion of its 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 following is a summary of annual fees payable to the Administrator:

	Contractual Fees
	First $2.5 Billion			Next $500 Million			Over $3 Billion
Diversified Equity Fund		0.2000	%		0.1650	%		0.1200	%

	Contractual Fees
		First $1.5 Billion		Next $500 Million		Next $500 Million		Next $500 Million		Over $3 Billion
Enhanced Fixed Income Fund		0.2000	%	0.1775	%	0.1550	%	0.1325	%	0.1100	%
Core Fixed Income Fund		0.2000	%	0.1775	%	0.1550	%	0.1325	%	0.1100	%

50	Adviser Managed Trust

As of July 31, 2026, SIMC has entered into an investment sub-advisory agreement with the following party and pays the sub-adviser out of the fee that it receives from the Funds. When a Fund is not an active component of the Adviser Managed Strategy, SIMC will act as the sole manager to that Fund, and a sub-adviser will not be used.

Investment Sub-Adviser

Diversified Equity Fund

SSGA Funds Management, Inc.

Core Fixed Income Fund

SSGA Funds Management, Inc.

Other — The Distribution Agreement between the Distributor and the Trust provides that the Distributor may receive compensation on Fund transactions effected for the Trust in accordance with Securities and Exchange Commission (“SEC”) rules. Accordingly, it is expected that Fund transactions may result in brokerage commissions being paid to the Distributor. The SEC rules require that such commissions not exceed usual and customary commissions.

There were no such commissions for the year ended July 31, 2026.

Payments to Affiliates — Certain officers and/or trustees of the Trust are also officers or directors of the Distributor or the Adviser. The Trust pays each unaffiliated Trustee an annual fee for attendance at quarterly, interim and committee meetings.

Compensation of officers and affiliated Trustees of the Trust is paid by the Adviser or Administrator.

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.

Fees Paid Indirectly — The Funds may direct certain fund trades to the Distributor who pays a portion of the

Funds’ expenses. Accordingly, the expenses reduced, which were used to pay third party expenses, can be found on the Statements of Operations and the effect on the Funds’ expense ratios, as a percentage of the Funds’ average daily net assets for the year ended July 31, 2026, can be found on the Financial Highlights, if applicable.

Investment in Affiliated Security — 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. The Funds may also purchase securities of certain companies with which it is affiliated to the extent these companies are represented in an index that the Adviser or Sub-Adviser is passively seeking to replicate in accordance with the Funds’ investment strategy.

Interfund Lending — The SEC has granted an exemption that permits the Trust to participate in an interfund lending program (“the Program”) with existing or future investment companies registered under the 1940 Act that are advised by SIMC (the “SEI Funds”). The Program allows the SEI Funds to lend money to and borrow money from each other for temporary or emergency purposes. Participation in the Program is voluntary for both borrowing and lending funds. Interfund loans may be made only when the rate of interest to be charged is more favorable to the lending fund than an investment in overnight repurchase agreements (“Repo Rate”), and more favorable to the borrowing fund than the rate of interest that would be charged by a bank for short-term borrowings (“Bank Loan Rate”). The Bank Loan Rate will be determined using a formula reviewed annually by the SEI Funds’ Board of Trustees. The interest rate imposed on interfund loans is the average of the Repo Rate and the Bank Loan Rate.

As of, and during the year ended July 31, 2026, the Trust had not participated in the Program.

5. CAPITAL SHARE TRANSACTIONS

Capital Share Transactions for the year ended July 31, (Thousands):

	Diversified Equity Fund						Enhanced Fixed Income Fund						Core Fixed Income Fund
	2026			2025			2026			2025			2026			2025
Shares Issued		11,368			28,709			1,659			3,718			2,634			4,153
Shares Issued in Lieu of Dividends and Distributions		589			785			196			119			689			663
Shares Redeemed		(4,796	)		(34,756	)		(358	)		(4,936	)		(1,624	)		(4,442	)
Increase/(Decrease) in capital share transactions		7,161			(5,262	)		1,497			(1,099	)		1,699			374

Adviser Managed Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

July 31, 2026

6. INVESTMENT TRANSACTIONS

The cost of security purchases and the proceeds from the sale and maturities of securities other than temporary cash investments during the year ended July 31, 2026, were as follows:

	U.S. Gov't ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)
Diversified Equity Fund
Purchases	$	—	$	91,093	$	91,093
Sales		—		20,336		20,336
Enhanced Fixed Income Fund
Purchases		—		15,377		15,377
Sales		—		373		373
Core Fixed Income Fund
Purchases		40,467		13,093		53,560
Sales		30,197		7,964		38,161

7. FEDERAL TAX INFORMATION

It is each Fund’s intention to continue to qualify as a regulated investment company, under Subchapter M of the Internal Revenue Code, and to distribute all of its taxable income and net capital gains. Accordingly, no provision for Federal income taxes is required.

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 and distributable earnings (loss), as appropriate, in the period that the differences arise.

The permanent differences primarily consist of reclassification of long term capital gain distribution on REITs, paydowns and investments in PFICs.

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

		Ordinary Income ($ Thousands)		Long-Term Capital Gain ($ Thousands)		Return of Capital ($ Thousands)		Total ($ Thousands)
Diversified Equity Fund
	2026	$	3,608	$	2,881	$	—	$	6,489
	2025		8,118		44,344		—		52,462
Enhanced Fixed Income Fund
	2026		2,839		—		—		2,839
	2025		2,220		—		—		2,220
Core Fixed Income Fund
	2026		6,854		74		—		6,928
	2025		6,624		—		—		6,624

As of July 31, 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)			Unrealized Appreciation (Depreciation) ($ Thousands)			Total Distributable Earnings (Accumulated Losses) ($ Thousands)
Diversified Equity Fund	$	4,324	$	5,010	$	—		$	61,712		$	71,046
Enhanced Fixed Income Fund		150		—		(301	)		22			(129	)
Core Fixed Income Fund		1,357		303		—			(5,108	)		(3,448	)

Post-October losses represent losses realized on investment transactions from November 1, 2025 through July 31, 2026 that in accordance with Federal income tax regulations, the Funds may elect to defer and treat as having arisen in the following fiscal year.

The Funds have capital losses carried forward as follows:

Short-Term

Loss

($ Thousands)

Long-Term

Loss

($ Thousands)

Total*

($ Thousands)

Enhanced Fixed Income Fund

256

301

During the year ended July 31, 2026, the Funds listed below utilized capital loss carryforwards to offset capital gains:

		Amount Utilized ($ Thousands)
Core Fixed Income Fund		$	47

For Federal income tax purposes, the cost of securities owned at July 31, 2026, and the net realized gains or losses on securities sold for the period were not materially different from amounts reported for financial reporting purposes. These differences are primarily due to investments in passive foreign investment companies, mark-to-market of futures contracts, and wash sales which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years.

Adviser Managed Trust

The aggregate gross unrealized appreciation and depreciation on total investments (including foreign currency and derivatives, if applicable) held by the Funds at July 31, 2026, were as follows:

	Federal Tax Cost ($ Thousands)		Appreciated Securities ($ Thousands)		Depreciated Securities ($ Thousands)			Net Unrealized Appreciation (Depreciation) ($ Thousands)
Diversified Equity Fund	$	299,464	$	80,829	$	(19,117	)	$	61,712
Enhanced Fixed Income Fund		48,169		365		(343	)		22
Core Fixed Income Fund		190,090		217		(5,325	)		(5,108	)

Management has analyzed the Funds’ tax positions taken on Federal income tax returns for all open tax years and has concluded that as of July 31, 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.

The Funds did not pay any federal or state and local income taxes. Certain Funds paid income taxes in foreign jurisdictions for the year ended July 31, 2026. Cash paid for income taxes, net of refunds received, were as follows ($ Thousands):

Diversified

Equity Fund

Enhanced Fixed

Income Fund

Core Fixed

Income Fund

Income Taxes by Foreign Jurisdiction:

France

–

Germany

–

Italy

–

Japan

–

Spain

–

Sweden

–

Switzerland

–

Other^*

–

Total Income Taxes Paid, Net of Refunds

111

–

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

8. CONCENTRATION/RISKS

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

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

Adviser Managed Strategy Risk — The Funds are a component of a broader investment strategy employed by the Financial Adviser known as the Adviser Managed Strategy. Pursuant to the Adviser Managed Strategy, the Financial Adviser tactically shifts its clients’ assets among the Funds and a money market fund affiliated with

the Funds. These asset shifts among the Funds in the Adviser Managed Strategy (i.e., an exchange of shares of one fund for shares of another fund) will be a taxable event to an investor unless the investor is investing in the Funds through a tax-deferred arrangement. As part of the Adviser Managed Strategy, substantial portions or substantially all of a Fund’s shares may be periodically sold and repurchased at the direction of the Financial Adviser. These large redemptions and repurchases will have significant effects on the management of a Fund and are expected to result in increased portfolio turnover (and related transaction costs), disruption of portfolio management strategies and the realization of significant taxable gains. If notified by the Financial Adviser of an upcoming redemption request, a Fund may begin to liquidate substantial portions or substantially all of its assets prior to the submission of the redemption request in an effort to raise the necessary cash, and a Fund will not be invested pursuant to its investment strategy during such time. Further, it is possible that, subsequent to providing such notice of an expected redemption, the Financial Adviser may withdraw that notice due to the Adviser Managed Strategy, at which point a Fund may then repurchase securities to invest to strategy resulting in the same detrimental effects to the portfolio as large share redemptions and purchases. When a Fund is required to rapidly liquidate a substantial portion of its portfolio to satisfy a large redemption order placed as part of the Adviser Managed Strategy, a Fund may be forced to sell securities at below current market values or a Fund’s selling activity may drive down the market value of securities being sold. A Fund may also be required to sell portfolio holdings at a time when the portfolio managers would otherwise not recommend doing so. For example, if a Fund were to experience a large redemption at a time of high market volatility or during a substantial market decline, a Fund would be forced to liquidate securities even though the portfolio managers may not otherwise choose to do so. When a Fund receives a large purchase order as a result of the Adviser Managed Strategy, a Fund may be required to rapidly purchase portfolio securities. This may cause a Fund to incur higher than normal transaction costs or may require a Fund to purchase portfolio securities at above current market values. Further, a Fund’s purchasing activity may drive up the market value of securities being purchased or a Fund may be required to purchase portfolio securities at a time when the portfolio managers would not otherwise recommend doing so. When a Fund is not an active component of the Adviser Managed Strategy, a Fund’s investments may not be consistent with a Fund’s investment goal, and a Fund may miss investment opportunities because the assets necessary to take advantage of such opportunities are tied up in other investments or have been allocated to another fund within the Adviser Managed Strategy.

Adviser Managed Trust

NOTES TO FINANCIAL STATEMENTS (Continued)

July 31, 2026

Asset Allocation Risk — The risk that SIMC’s decisions regarding allocation of a Fund’s assets among Indexes and for direct management will not anticipate market trends successfully.

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.

Currency Risk — As a result of a Fund’s investments in securities denominated in and/or receiving revenues in foreign currencies, the Funds will be subject to currency risk. This is the risk that those 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 Funds would be adversely affected.

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. Although interest rates were unusually low in recent years in the U.S. and abroad, in 2022, the Federal Reserve and certain foreign central banks raised interest rates as part of their efforts to address rising inflation. The Federal Reserve and certain foreign central banks subsequently started to lower interest rates in September 2024, though economic or other factors, such as inflation, could lead to the Federal Reserve stopping or reversing these changes. It is difficult to accurately predict the pace at which interest rates might change, the timing, frequency or magnitude of any such changes in interest rates, or when such changes might stop or again reverse course. Unexpected changes in interest rates could lead to significant market volatility or reduce liquidity in certain sectors of the market. 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 on the U.S. regulatory landscape, markets and investor behavior, which could have a negative impact on the Funds’ 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. For example, ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities have and could continue to have a significant impact on certain Fund investments as well as Fund performance and liquidity. 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. For instance, the economy may be significantly impacted by the advanced development and increased regulation of artificial intelligence. These events, and any other future events, may adversely affect the prices and liquidity of the Funds’ portfolio investments and could result in disruptions in the trading markets.

Adviser Managed Trust

Derivatives Risk — A Fund’s use of futures contracts, forward contracts and swaps is subject to market risk, leverage risk, correlation risk and liquidity risk. Market risk is described above, and leverage risk and liquidity risk are described below. Many OTC derivative instruments will not have liquidity beyond the counterparty to the instrument. Correlation risk is the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. A Fund’s use of forward contracts and swap agreements is also subject to valuation risk and credit risk. Valuation risk is the risk that the derivative may be difficult to value and/or valued incorrectly. Credit risk is described below. Each of these risks could cause a Fund to lose more than the principal amount invested in a derivative instrument. Some derivatives have the potential for unlimited loss, regardless of the size of a Fund’s initial investment. The other parties to certain derivative contracts present the same types of credit risk as issuers of fixed income securities. A Fund’s use of derivatives may also increase the amount of taxes payable by shareholders. Both U.S. and non-U.S. regulators have adopted and implemented regulations governing derivatives markets, the ultimate impact of which remains unclear.

Exchange-Traded Funds (ETFs) 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. A Fund indirectly bears the proportionate share of any fees and expenses of the ETF in addition to the fees and expenses that a Fund and its shareholders directly bear in connection with a Fund’s operations.

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 because 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 Funds to sell such investments at inopportune times, which could result in losses to the Funds.

Investment Style Risk — The risk that a Fund’s investment approach may underperform other segments of the equity markets or the equity markets as a whole.

Leverage Risk — The use of leverage can amplify the effects of market volatility on a Fund’s share price and may also cause a Fund to liquidate portfolio positions when it would not be advantageous to do so in order to satisfy its obligations.

Liquidity Risk — The risk that certain securities may be difficult or impossible to sell at the time and the price that the Funds would like. The Funds 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. Equity 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, epidemics, pandemics or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term.

Portfolio Turnover Risk — Due to its investment strategy, a 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 a Fund’s performance.

Real Estate Investment Trust (REITs) Risk — REITs are trusts that invest primarily in commercial real estate or real estate-related loans. A Fund’s investments in REITs will be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions. Some REITs may have limited diversification and may be subject to risks inherent in financing a limited number of properties.

Adviser Managed Trust

NOTES TO FINANCIAL STATEMENTS (Concluded)

July 31, 2026

Small and Medium Capitalization Risk — The risk that small and medium capitalization companies in which the Funds 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.

Tracking Error Risk — The risk that a Fund’s performance may vary substantially from the performance of the Indexes it tracks as a result of cash flows, Fund expenses, imperfect correlation between a Fund’s investments and the Indexes’ components and other factors.

9. CONCENTRATION OF SHAREHOLDERS

SEI Private Trust Company (“SPTC”) and SIMC are subsidiaries of SEI Investments Company (“SEI”). As of July 31, 2026, SPTC held of record the following percentage of outstanding shares:

Diversified Equity Fund	99.97	%
Enhanced Fixed Income Fund	99.78	%
Core Fixed Income Fund	100.00	%

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 Financial Adviser. SPTC maintains omnibus accounts at the Funds’ transfer agent.

10. SUBSEQUENT EVENTS

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

Adviser Managed Trust

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of the Funds and Board of Trustees

Adviser Managed Trust:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the Adviser Managed Trust, comprised of the Diversified Equity Fund, Enhanced Fixed Income Fund, and Core Fixed Income Fund (collectively, the Funds), including the schedules of investments, as of July 31, 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 or periods in the four-year period then ended and for the period from March 30, 2022 to July 31, 2022. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Funds as of July 31, 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 or periods in the four-year period then ended and for the period from March 30, 2022 to July 31, 2022, 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 July 31, 2026, by correspondence with the custodian, transfer agent, and brokers; when replies were not received from brokers, we performed other auditing procedures. 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

September 23, 2026

Adviser Managed Trust

NOTICE TO SHAREHOLDERS (Unaudited)

For shareholders that do not have a July 31, 2026 taxable year end, this notice is for informational purposes only. For shareholders with a July 31, 2026 year end, please consult your tax advisor as to the pertinence of this notice.

For the fiscal year ended July 31, 2026, the Fund is designating the following items with regard to distributions paid during the year:

Fund	(A) Long Term Capital Gains Distributions (Tax Basis)			(B) Return of Capital (Tax Basis)			(C) Ordinary Income Distributions (Tax Basis)			Total Distributions (Tax Basis)			(D) Dividends Qualifying for Corporate Dividends Rec. Deduction⁽¹⁾
Diversified Equity Fund		44.41	%		0.00	%		55.59	%		100.00	%		42.47	%
Enhanced Fixed Income Fund		0.00	%		0.00	%		100.00	%		100.00	%		0.00	%
Core Fixed Income Fund		1.06	%		0.00	%		98.94	%		100.00	%		0.00	%

Fund	(E) Qualifying Dividend Income (15% Tax Rate for QDI)⁽²⁾			(F) U.S. Government Interest⁽³⁾			Interest Related Dividends⁽⁴⁾			Short-Term Capital Gain Dividends⁽⁵⁾			Qualifying Business Income Deduction⁽⁶⁾
Diversified Equity Fund		57.33	%		0.00	%		12.11	%		100.00	%		3.71	%
Enhanced Fixed Income Fund		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Core Fixed Income Fund		0.00	%		0.00	%		0.00	%		100.00	%		0.00	%

(1)	Qualifying dividends represent dividends which qualify for the corporate dividends received deduction.

(2)

The percentage in this column represents the amount of “Qualifying Dividend Income” is reflected as a percentage of “Ordinary Income Distributions.” It is the intention of each of the aforementioned funds to designate the maximum amount permitted by the law. The information reported herein may differ from the information and distributions taxable to the shareholders for the calendar year ending December 31, 2026. Complete information will be computed and reported in conjunction with your 2026 Form 1099-DIV.

(3)

“U.S. Government Interest” represents 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 total ordinary income distributions (the total of short term capital gain and net investment income distributions). Generally, interest from direct U.S. Government obligations is exempt from state income tax. However, for shareholders who are residents of California, Connecticut and New York, the statutory threshold requirements were not satisfied to permit exemption of these amounts from state income.

(4)	The percentage in this column represents the amount of “Interest Related Dividend” and is reflected as a percentage of net investment income distributions that is exempt from U.S. withholding tax when paid to foreign investors.

(5)	The percentage in this column represents the amount of “Short-Term Capital Gain” and is reflected as a percentage of short-term capital gain distributions that is exempt from U.S. withholding tax when paid to foreign investors.

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

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

Items (D) and (E) are based on the percentage of ordinary income distributions of the Fund. Item (F) is based on the percentage of gross income of the Fund.

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

Adviser Managed Trust

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

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.

Adviser Managed 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 a separate sub-advisory agreement with SIMC (the “Sub-Advisory Agreement” 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”), SSGA Funds Management, Inc. (the “Sub-Adviser”) is contractually engaged to provide security selection and certain other advisory services with respect to all or a discrete portion of the assets of two series of the Trust: the Diversified Equity Fund and the Core Fixed Income Fund. The Sub-Adviser is also responsible for managing its employees who provide services to the Funds. The Sub-Adviser was selected based primarily upon the research and recommendations of SIMC, which evaluates quantitatively and qualitatively the Sub-Adviser’s 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 Fund 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-Adviser 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-Adviser with respect to the Funds. In preparation for these meetings, the Board requests and reviews a wide variety of materials provided by SIMC and the Sub-Adviser, including information about SIMC’s and the Sub-Adviser’s 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-Adviser.

Specifically, during the course of the Trust’s fiscal year, the Board requested and received written materials from SIMC and the Sub-Adviser regarding: (i) the quality of SIMC’s and the Sub-Adviser’s investment management and other services; (ii) SIMC’s and the Sub-Adviser’s investment management personnel; (iii) SIMC’s and the Sub-Adviser’s operations and financial condition; (iv) SIMC’s and the Sub-Adviser’s 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-Adviser, compared with fees each charge to comparable accounts; (vi) with the exception of the Core Fixed Income Fund, 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 in connection with the renewal of the Investment Advisory Agreements (the “Broadridge Report”); (vii) the level of SIMC’s and the Sub-Adviser’s profitability from their Fund-related operations; (viii) SIMC’s and the Sub-Adviser’s 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-Adviser’s policies on and compliance procedures for personal securities transactions; (xi) SIMC’s and the Sub-Adviser’s expertise and resources in domestic and/or international financial markets; and (xii) with the exception of the Core Fixed Income Fund, the Funds’ performance, where available, over various periods of time compared with the Fund’s benchmark indexes and peer groups of mutual funds prepared by Broadridge.

Adviser Managed Trust

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

At the December 8-10, 2025 meeting of the Board, the Trustees, including a majority of the Independent Trustees, approved a brief extension of the Investment Advisory Agreements to accommodate a revised Spring meeting schedule. Typically, the Trustees renew the Investment Advisory Agreements at the first quarterly in-person meeting of the calendar year in March. Agreements regularly renewed at the March meeting expire on April 1 of the following year. Because the first quarterly in-person meeting of the Board in calendar year 2026 was held on March 31-April 2, the Investment Advisory Agreements would have expired prior to the meeting, without the extension. Accordingly, the Board voted in-person at the December 8-10, 2025 meeting to extend the Investment Advisory Agreements until the March 31-April 2, 2026 meeting. In evaluating whether to approve the extension of the Investment Advisory Agreements, the Board considered the information made available to it throughout the course of the year by representatives of the SEI investment and compliance teams. At the March 31-April 2, 2026 meeting, the Board evaluated the Investment Advisory Agreements in accordance with the renewal process that it typically applies during the annual contract renewal each Spring. The Board’s approval was based on its consideration and evaluation of the factors described above, as discussed at the meeting and at prior meetings. The following discusses some, but not all, of the factors that were considered by the Board in connection with its assessment of the Investment Advisory Agreements.

Nature, Extent and Quality of Services. The Board considered the nature, extent and quality of the services provided by SIMC and the Sub-Adviser to the Funds and the resources of SIMC and the Sub-Adviser and their affiliates dedicated to the Funds. In this regard, the Trustees evaluated, among other things, SIMC’s and the 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-Adviser to the Funds and the resources of SIMC and the Sub-Adviser 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 a Fund’s performance relative to its 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 the 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, which included metrics on net total return and performance consistency for each Fund, except the Core Fixed Income Fund, and a universe of comparable funds. Based on the materials considered and discussed at the meeting, the Trustees found Fund performance satisfactory. In connection with the renewal of the Sub-Advisory Agreement, 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 Adviser was sufficient to support renewal of SIMC’s Advisory Agreement, and the performance of the 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 with respect to the Enhanced Fixed Income and Diversified Equity Funds various metrics related to fund expenses, including, but not limited to, contractual management fees at various asset levels (except with respect to the Diversified Equity Fund), actual management fees (including transfer agent expenses), and actual total expenses for the Funds and a universe of comparable funds. Based on the materials considered and discussion at the meeting, the Trustees further determined that fees were either shown to be below the peer average in the comparative fee analysis, or that there was a reasonable basis for the fee level. The Trustees also considered the effects of SIMC’s and its affiliates’ contractual and voluntary waivers of management and other fees to prevent total Fund operating expenses from exceeding any applicable cap, and concluded that SIMC, through waivers, would maintain the Funds’ net operating expenses at competitive levels for its distribution channels. The Board also took into consideration compensation earned or that would be 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 or would realize 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 the Sub-Adviser, the Board took into account the fact that the Sub-Adviser is compensated by SIMC and not by the applicable 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 or projected expenses of the Funds are reasonable and supported the renewal of the Investment Advisory Agreements. The Board also considered whether the Sub-Adviser and its affiliates may have realized or would realize other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements.

Adviser Managed Trust

Profitability. With regard to profitability, the Trustees considered compensation flowing or proposed to be flowing to SIMC and the Sub-Adviser and their affiliates, directly or indirectly. The Trustees considered whether the levels of compensation and profitability or proposed levels were reasonable. As with the fee levels, when considering the profitability of the Sub-Adviser, the Board took into account the fact that compensation with respect to the unaffiliated Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. In connection with the renewal of the Sub-Advisory Agreement, the Board also took into consideration the impact that the fees paid or to be paid to the Sub-Adviser have or would 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 or estimated profitability of SIMC and the Sub-Adviser individually is reasonable and supported the renewal of each Investment Advisory Agreement.

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.

Adviser Managed Trust

ADVISER MANAGED TRUST ANNUAL FINANCIALS AND OTHER INFORMATION JULY 31, 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

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

AMT (7/26)

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.

(a)(4) Not applicable.

(a)(5) Not applicable.

(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.

	Adviser Managed Trust

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

Date: October 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 & Chief Executive Officer
	(Principal Executive Officer)

Date: October 5, 2026

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

Date: October 5, 2026

Adviser Managed Trust 三只基金公布截至2026年7月31日的年度报告

Annual Shareholder Report: July 31, 2026

Diversified Equity Fund

Adviser Managed Trust: DAACX

Fund Overview

What were the Fund costs for the last year?

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

How did the Fund perform in the last year?

Average Annual Total Returns as of July 31, 2026

Key Fund Statistics as of July 31, 2026

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Diversified Equity Fund

Adviser Managed Trust: DAACX

Annual Shareholder Report: July 31, 2026

DAACX-AR-2026

Annual Shareholder Report: July 31, 2026

Enhanced Fixed Income Fund

Adviser Managed Trust: AAEZX

Fund Overview

What were the Fund costs for the last year?

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

How did the Fund perform in the last year?

Average Annual Total Returns as of July 31, 2026

Key Fund Statistics as of July 31, 2026

What did the Fund invest in?

Asset/Sector WeightingsFootnote Reference*

Top Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Enhanced Fixed Income Fund

Adviser Managed Trust: AAEZX

Annual Shareholder Report: July 31, 2026

AAEZX-AR-2026

Annual Shareholder Report: July 31, 2026

Core Fixed Income Fund

Adviser Managed Trust: AAEYX

Fund Overview

What were the Fund costs for the last year?

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

How did the Fund perform in the last year?

Average Annual Total Returns as of July 31, 2026

Key Fund Statistics as of July 31, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Core Fixed Income Fund

Adviser Managed Trust: AAEYX

Annual Shareholder Report: July 31, 2026

AAEYX-AR-2026

Asset/Sector Weightings^{Footnote Reference*}

Asset/Sector Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}