Morningstar

SEI Tax Exempt Trust Massachusetts Municipal Bond Fund Class F SMAAX

Morningstar Medalist Rating
Medalist Rating as of | See SEI Investment Hub
  • NAV / 1-Day Return 10.26  /  −0.10 %
  • Total Assets 60.4M
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.650%
  • 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 2.06%
  • Effective Duration 5.20 years

USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 2:29 AM GMT+0

Morningstar’s Analysis SMAAX

Will SMAAX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

SEI Massachusetts Municipal Bd 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 SMAAX

More SMAAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST DEV FIN AGY REV 5%

5.59 3M
municipal

MASSACHUSETTS ST 5%

4.55 3M
municipal

SEI Government Institutional (SDIT)

4.31 3M
Cash and Equivalents

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5%

2.87 2M
municipal

BOSTON MASS 4%

2.58 2M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

2.20 1M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

2.02 1M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.88 1M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.87 1M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.87 1M
municipal

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