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Morningstar

SEI Short Duration Municipal F (STET) SUMAX

Morningstar Medalist Rating
Medalist Rating as of | See SEI Investment Hub
  • NAV / 1-Day Return 9.89  /  +0.10 %
  • Total Assets 860.7 Mil
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.630%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 2.28%
  • Effective Duration 1.48 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis SUMAX

Will SUMAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SUMAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SUMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SUMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

SEI Short Duration Municipal F(STET)'s Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SUMAX

More SUMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

2.08 18.3 Mil
municipal

INDIANA ST FIN AUTH ENVIRONMENTAL REV 3.45%

1.61 14.1 Mil
municipal

ARLINGTON TEX HSG FIN CORP MULTIFAMILY HSG REV 3.5%

1.25 11.0 Mil
municipal

ROCKPORT IND POLLUTION CTL REV 3.05%

1.18 10.3 Mil
municipal

LOWER ALA GAS DIST GAS PROJ REV 4%

1.14 10.0 Mil
municipal

WEST VIRGINIA ECONOMIC DEV AUTH SOLID WASTE DISP FACS REV 3.75%

1.14 10.0 Mil
municipal

MISSOURI ST ENVIRONMENTAL IMPT & ENERGY RES AUTH ENV IMPT REV 3.5%

1.09 9.5 Mil
municipal

HOUSTON TEX INDPT SCH DIST 3.5%

1.09 9.5 Mil
municipal

CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG 3.73%

1.08 9.5 Mil
municipal

SAN ANTONIO TEX ELEC & GAS REV 1.75%

0.97 8.5 Mil
municipal