SEI Tax Exempt Trust Short Duration Municipal Fund Class A

 (MUTF:SUMAX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.00%  
1 week   +0.11%
   
4 week   +0.05%
   
3 month   +0.25%
   
YTD   +0.27%
   
1 year   +0.47%
   
3 years*   +0.86%
   
5 years*   +1.16%
   
*annualized
Best 3 month return+2.20%  
Worst 3 month return-0.26%  

Morningstar statistics

Morningstar category: Muni National Short
  Return Risk Rating
3 years Below Average Low
5 years Below Average Low
10 years Below Average Low
Overall Below Average Low

Key statistics

Total assets1.07B 
Front load-  
Deferred load-  
Expense ratio0.63%  
Management fee-  
Fund familySEI 

Asset allocation

Cash35.12%  
Stocks0.00%  
Bonds64.88%  
Other0.00%  

Purchase information

Initial$100,000  
Additional$1,000  
10.050.00(0.00%)
Apr 16, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks a high level of income exempt from federal income tax consistent with the preservation of capital. The fund normally invests at least 80% of net assets in investment grade municipal securities that pay interest that is exempt from federal income tax. The principal issuers of these securities are state and local governments and their agencies located in any of the fifty states, the District of Columbia, Puerto Rico and other U.S. territories and possessions. Duration is a weighted average term-to-maturity of the security's cash flow. The weights are the present values of each cash flow as a percentage of the present value of all cash flows.
Fund filings (PDF) »
Asset managers:
Wendy Casetta (Started: Dec 22, 2011)
Kristian Lind (Started: Oct 7, 2011)
Lyle Fitterer (Started: Dec 22, 2011)
William Furrer (Started: Oct 7, 2011)
Advisor Company:
SEI Investments Management Corp.
Fund family reports on Morningstar »
SEI Asset Allocation Trust, 1 Freedom Valley Drive, Oaks, PA 19456, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* 0.29 0.39 0.72 -0.04
Beta* 0.06 0.07 0.06 0.12
Mean annual return 0.03 0.07 0.10 0.16
R-squared* 63.09 61.60 44.96 40.37
Standard deviation 0.42 0.34 0.40 0.78
Sharpe ratio 0.76 2.23 2.69 0.35
* Against standard index

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