STAYX – SEI Tax-Advantaged Income Y (STET) Investment Strategy | Morningstar

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Strategy

The investment seeks to provide the highest level of income possible in a tax efficient manner. The fund normally invests at least 50% of its net assets in municipal securities, such as bonds, that pay interest that is exempt from federal income tax, including the alternative minimum tax. The principal issuers of these securities are state and local governments and their agencies located in any of the fifty states, as well as in Puerto Rico and other U.S. territories and possessions.

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
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund Class F	Institutional	Open			Sep 4, 2007	$545.60M	0.860%	High	$100,000	−$58.95M
STAYX	SEI Tax Exempt Trust Tax-Advantaged Income Fund Class Y	Institutional	Open			Apr 30, 2015	$245.66M	0.610%	Below Average	$1M	$24.90M

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