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Morningstar

SEI Massachusetts Municipal Bd F (STET) SMAAX

Morningstar Analyst Rating
Quantitative rating as of | See SEI Investment Hub
  • NAV / 1-Day Return 10.21  /  0.19 %
  • Total Assets 66.5 Mil
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.820%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 1.30%
  • Effective Duration 4.80 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:15 PM GMT+00:00

Morningstar’s Analysis SMAAX

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

People Pillar

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

Summary

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SEI Massachusetts Municipal Bd F (STET)'s Average People Pillar and Process Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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