Morningstar

SEI Tax Exempt Trust California Municipal Bond Fund Class F SBDAX

Morningstar Medalist Rating
Medalist Rating as of | See SEI Investment Hub
  • NAV / 1-Day Return 10.26  /  −0.10 %
  • Total Assets 218.6M
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.610%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 2.20%
  • Effective Duration 5.14 years

USD | NAV as of Jul 20, 2026 | 1-Day Return as of Jul 20, 2026, 10:13 PM GMT+0

Morningstar’s Analysis SBDAX

Will SBDAX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

SEI California Municipal Bond F (STET) holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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 22.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

3.19 7M
municipal

CALIFORNIA ST 5%

2.58 6M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

2.32 5M
municipal

CALIFORNIA ST 5%

2.26 5M
municipal

BURBANK GLENDALE PASADENA ARPT AUTH CALIF ARPT REV 5%

2.13 5M
municipal

CALIFORNIA ST 4%

1.97 4M
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5%

1.96 4M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.96 4M
municipal

UNIVERSITY CALIF REVS 5%

1.88 4M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.73 4M
municipal

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