SENJX – SEI New Jersey Municipal Bond F (STET) Investment Strategy | Morningstar

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Strategy

The investment seeks the highest level of current income exempt from federal and New Jersey state income taxes as is consistent with the preservation of capital. 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 and New Jersey state income taxes, including, but not limited to, municipal bonds, notes and commercial paper. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SENJX	SEI Tax Exempt Trust New Jersey Municipal Bond Fund Class F	Institutional	Open			Aug 18, 1998	$88.74M	0.600%	Above Average	$100,000	−$1.85M
SNJYX	SEI Tax-Exempt Trust New Jersey Municipal Bond Fund Class Y	Institutional	Open			Oct 30, 2015	$283,919.00	0.450%	Low	$1M	$10,377.31

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