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Morningstar

SEI California Municipal Bond F (STET) SBDAX

Morningstar Medalist Rating
Medalist Rating as of | See SEI Investment Hub
  • NAV / 1-Day Return 10.07  /  −0.19 %
  • Total Assets 237.7 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 1.70%
  • Effective Duration 4.68 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:18 PM GMT+0

Morningstar’s Analysis SBDAX

Will SBDAX 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 SBDAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SBDAX 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 SBDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

SEI California Municipal Bond 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 SBDAX

More SBDAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA ST 5%

3.63 8.6 Mil
municipal

CALIFORNIA ST 5%

2.49 5.9 Mil
municipal

LOS ANGELES CALIF UNI SCH DIST 5%

2.46 5.8 Mil
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5%

2.35 5.6 Mil
municipal

CALIFORNIA ST 5%

2.26 5.3 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

2.13 5.0 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5%

1.88 4.4 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.88 4.4 Mil
municipal

LOS ANGELES CALIF UNI SCH DIST 5%

1.88 4.4 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

1.82 4.3 Mil
municipal