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Morningstar

SEI Pennsylvania Municipal Bond F (STET) SEPAX

Morningstar Medalist Rating
Medalist Rating as of | See SEI Investment Hub
  • NAV / 1-Day Return 9.98  /  0.39 %
  • Total Assets 140.5 Mil
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.630%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 1.77%
  • Effective Duration 4.05 years

USD | NAV as of Sep 25, 2023 | 1-Day Return as of Sep 25, 2023, 10:17 PM GMT+0

Morningstar’s Analysis SEPAX

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

People Pillar

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

Weakness in SEI Pennsylvania Municipal Bond F(STET)'s Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SEPAX

More SEPAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 134
  • Other Holdings 2
  • % Assets in Top 10 Holdings 19.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PENNSYLVANIA ST 5%

3.67
5,203,052
municipal

PENNSYLVANIA HIGHER ED ASSISTANCE AGY ED LN REV 5%

2.24
3,183,554
municipal

COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 5%

1.87
2,660,146
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%

1.86
2,637,490
municipal

PHILADELPHIA PA ARPT REV 5%

1.84
2,604,595
municipal

PHILADELPHIA PA WTR & WASTEWTR REV 5%

1.80
2,554,198
municipal

PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5%

1.60
2,265,238
municipal

PHILADELPHIA PA GAS WKS REV 5%

1.59
2,252,468
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%

1.53
2,170,426
municipal

PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 5%

1.48
2,101,112
municipal