Elfun Tax-Exempt Income Fund ELFTX

Medalist Rating as of Sep 30, 2026 See State Street Investment Hub

NAV / 1-Day Return$9.51 / −0.42%
Fund Size$736.5M
Adjusted Expense Ratio0.220%
Net Expense Ratio0.220%
Fee Level: DistributionLow
Share Class TypeNo Load
Morningstar CategoryMuni National Long
Fixed-Income Style Box (Funds)—
Minimum Initial Investment$500
Investment StatusOpen
TTM Yield3.96%
Average Effective Duration—

NAV and 1-Day Return as of Nov 14, 2026, 1:11:03 AM

Will ELFTX outperform in the future?

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ELFTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ELFTX 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 ELFTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Morningstar Automated Analysis

Summary

Elfun Tax-Exempt Income holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis

Rated on Sep 30, 2026 Published on Oct 27, 2026

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Portfolio Holdings ELFTX

More ELFTX Holdings

Current Portfolio DateOct 31, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings8.1

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
NEW JERSEY ST EDL FACS AUTH REV 5.5%	1.10	8M	municipal
PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5.25%	1.04	8M	municipal
WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5%	0.89	6M	municipal
PENNSYLVANIA ST TPK COMMN TPK REV 5%	0.80	6M	municipal
OMAHA PUB PWR DIST NEB ELEC REV 5%	0.79	6M	municipal
HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 4%	0.71	5M	municipal
FORT LAUDERDALE FLA STORMWATER UTIL SYS SPL ASSMT REV 5%	0.71	5M	municipal
CHICAGO ILL WASTEWATER TRANSMISSION REV 5.5%	0.70	5M	municipal
MIAMI-DADE CNTY FLA SCH DIST 5%	0.69	5M	municipal
MASSACHUSETTS BAY TRANSN AUTH MASS REV 5%	0.69	5M	municipal

Elfun Tax-Exempt Income Fund ELFTX

Morningstar’s Analysis ELFTX

Will ELFTX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

Summary

Portfolio Holdings ELFTX

NEW JERSEY ST EDL FACS AUTH REV 5.5%

PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5.25%

WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5%

PENNSYLVANIA ST TPK COMMN TPK REV 5%

OMAHA PUB PWR DIST NEB ELEC REV 5%

HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 4%

FORT LAUDERDALE FLA STORMWATER UTIL SYS SPL ASSMT REV 5%

CHICAGO ILL WASTEWATER TRANSMISSION REV 5.5%

MIAMI-DADE CNTY FLA SCH DIST 5%

MASSACHUSETTS BAY TRANSN AUTH MASS REV 5%

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