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SUMAX SEI Short Duration Municipal F (STET)

  • Fund
  • SUMAX
  • Price as of: Apr 23, 2019
  • $10.03 - $0.00 - 0.00%
  • Category
  • National Munis
Profile Performance Holdings Expenses Distributions Managers Read Next

SUMAX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $1.3 B
  • Holdings in Top 10 12.1%

52 WEEK LOW AND HIGH

$10.03
$9.96
$10.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 67.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name SEI Tax Exempt Trust Short Duration Municipal Fund
  • Fund Family Name SEI
  • Inception Date Nov 13, 2003
  • Shares Outstanding 123031207
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States

Fund Description

The fund will invest, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade municipal securities that pay interest that is exempt from federal income tax, including, but not limited to, municipal bonds, notes, variable rate demand notes and commercial paper.

SUMAX - Performance

Return Ranking - Trailing

Period SUMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% 0.0% 3.8% 92.89%
1 Yr 0.6% -2.5% 4.2% 85.91%
3 Yr 0.0%* -2.9% 1.7% 10.18%
5 Yr 0.0%* -1.8% 2.1% 46.06%
10 Yr -0.1%* -8.9% 3.3% 93.56%

* Annualized

Return Ranking - Calendar

Period SUMAX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% -4.8% 0.8% 5.56%
2017 0.2% -0.9% 5.6% 86.55%
2016 -0.7% -6.1% 7.3% 5.50%
2015 -0.1% -10.9% 2.6% 37.47%
2014 0.1% -60.4% 12.0% 89.71%

Total Return Ranking - Trailing

Period SUMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% 0.0% 3.8% 93.08%
1 Yr 0.6% -2.3% 6.5% 86.51%
3 Yr 0.0%* -2.9% 3.1% 18.33%
5 Yr 0.0%* -1.8% 3.7% 54.36%
10 Yr -0.1%* -8.9% 4.9% 95.09%

* Annualized

Total Return Ranking - Calendar

Period SUMAX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% -4.8% 1.7% 11.90%
2017 0.2% -0.9% 6.2% 88.96%
2016 -0.7% -6.1% 7.3% 11.41%
2015 -0.1% -9.6% 3.9% 45.82%
2014 0.1% -60.4% 12.0% 92.23%

NAV & Total Return History

SUMAX - Holdings

Concentration Analysis

SUMAX Category Low Category High SUMAX % Rank
Net Assets 1.3 B 775 K 65.3 B 42.49%
Number of Holdings 458 3 8026 42.97%
Net Assets in Top 10 160 M -224 M 1.76 B 40.20%
Weighting of Top 10 12.14% 2.5% 100.0% 60.40%

Top 10 Holdings

  1. METROPOLITAN TRANSN AUTH N Y REV 5% 2.47%
  2. BURKE CNTY GA DEV AUTH POLLUTN CTL REV 2.5% 1.46%
  3. SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 2.52% 1.34%
  4. NEW JERSEY ST TRANSN TR FD AUTH 5% 1.28%
  5. SUFFOLK CNTY N Y 2% 1.21%
  6. OGDENSBURG N Y ENLARGED CITY SCH DIST 2.5% 1.16%
  7. VALDOSTA GA HSG AUTH MULTIFAMILY REV 2.25% 1.12%
  8. NASSAU CNTY N Y 4% 1.09%
  9. NEW YORK ST ENERGY RESH & DEV AUTH POLLUTN CTL REV 2% 0.96%
  10. BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 2.57% 0.93%

Asset Allocation

Weighting Return Low Return High SUMAX % Rank
Bonds 		91.97% 66.80% 105.94% 91.09%
Cash 		8.03% -5.94% 29.34% 7.92%
Stocks 		0.00% 0.00% 0.02% 7.13%
Preferred Stocks 		0.00% 0.00% 9.24% 7.33%
Other 		0.00% -1.35% 30.00% 16.04%
Convertible Bonds 		0.00% 0.00% 2.54% 7.92%

Bond Sector Breakdown

Weighting Return Low Return High SUMAX % Rank
Municipal 		89.45% 0.00% 115.16% 93.47%
Cash & Equivalents 		10.55% -7.72% 29.34% 4.95%
Derivative 		0.00% 0.00% 0.01% 7.52%
Securitized 		0.00% 0.00% 25.65% 9.11%
Corporate 		0.00% 0.00% 39.97% 22.77%
Government 		0.00% -16.67% 71.35% 12.48%

Bond Geographic Breakdown

Weighting Return Low Return High SUMAX % Rank
US 		91.97% 52.43% 102.07% 87.33%
Non US 		0.00% 0.00% 27.66% 61.98%

SUMAX - Expenses

Operational Fees

SUMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.08% 4.80% 42.69%
Management Fee 0.33% 0.00% 0.65% 22.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.20% 0.01% 0.34% 89.60%

Sales Fees

SUMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 5.50% N/A

Trading Fees

SUMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SUMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 67.00% 0.00% 504.54% 84.58%

SUMAX - Distributions

Dividend Yield Analysis

SUMAX Category Low Category High SUMAX % Rank
Dividend Yield 0.01% 0.00% 0.28% 95.26%

Dividend Distribution Analysis

SUMAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History

View More History

Net Income Ratio Analysis

SUMAX Category Low Category High SUMAX % Rank
Net Income Ratio 0.93% 0.01% 4.95% 95.06%

Capital Gain Distribution Analysis

SUMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

SUMAX - Managers

Tenure Analysis

Category Low

0.01

Category High

39.52

Category Average

7.83

Category Mode

4.07

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