SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX)
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.
Fund Info
ISIN | US7841185561 |
---|---|
CUSIP | 784118556 |
Issuer | SEI |
Inception Date | Sep 4, 2007 |
Category | Intermediate Core-Plus Bond |
Min. Investment | $100,000 |
Asset Class | Bond |
Expense Ratio
SEATX has a high expense ratio of 0.86%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SEI Tax Exempt Trust Tax-Advantaged Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
SEI Tax Exempt Trust Tax-Advantaged Income Fund had a return of 2.82% year-to-date (YTD) and 8.73% in the last 12 months. Over the past 10 years, SEI Tax Exempt Trust Tax-Advantaged Income Fund had an annualized return of 3.49%, while the S&P 500 had an annualized return of 10.99%, indicating that SEI Tax Exempt Trust Tax-Advantaged Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.82% | 11.18% |
1 month | 1.91% | 5.60% |
6 months | 8.01% | 17.48% |
1 year | 8.73% | 26.33% |
5 years (annualized) | 2.04% | 13.16% |
10 years (annualized) | 3.49% | 10.99% |
Monthly Returns
The table below presents the monthly returns of SEATX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 1.03% | 0.80% | 0.59% | -1.14% | 2.82% | ||||||||
2023 | 4.40% | -2.13% | -0.80% | 0.95% | -0.76% | 1.17% | 0.82% | -1.04% | -2.64% | -2.33% | 6.60% | 2.87% | 6.90% |
2022 | -2.36% | -1.33% | -2.55% | -3.23% | 0.94% | -3.12% | 3.58% | -2.24% | -4.89% | -1.41% | 4.42% | -0.52% | -12.37% |
2021 | 1.31% | -1.23% | 0.78% | 1.22% | 0.89% | 1.12% | 0.91% | -0.21% | -0.63% | -0.28% | 0.55% | 0.23% | 4.73% |
2020 | 1.91% | 1.23% | -8.26% | -0.72% | 3.05% | 2.49% | 2.59% | 0.40% | -0.30% | 0.20% | 2.35% | 1.60% | 6.20% |
2019 | 1.04% | 0.92% | 1.87% | 0.72% | 1.16% | 0.54% | 0.89% | 1.89% | -0.13% | 0.11% | 0.40% | -0.91% | 8.81% |
2018 | -0.65% | -0.26% | 0.55% | -0.04% | 0.93% | 0.31% | 0.51% | 0.46% | -0.41% | -1.14% | -0.13% | 0.43% | 0.54% |
2017 | 1.03% | 1.62% | 0.67% | 1.20% | 1.35% | 0.16% | 0.61% | 0.72% | -0.10% | -0.19% | 0.14% | 1.04% | 8.54% |
2016 | 0.67% | -0.12% | 1.30% | 1.23% | 1.04% | 1.77% | 0.48% | 0.43% | -0.24% | -1.10% | -4.39% | 0.90% | 1.82% |
2015 | 1.76% | -0.58% | 0.42% | -0.09% | -0.17% | -0.42% | 0.50% | 0.15% | 0.86% | 1.20% | 0.74% | 1.03% | 5.53% |
2014 | 2.53% | 1.66% | 0.72% | 1.68% | 1.45% | -0.36% | 0.06% | 1.22% | -0.02% | 0.79% | 0.57% | 0.31% | 11.10% |
2013 | 1.08% | 0.24% | 0.05% | 0.98% | -0.43% | -4.57% | -1.15% | -2.56% | 2.38% | 1.05% | -0.03% | -0.67% | -3.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SEATX is 62, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
SEATX (SEI Tax Exempt Trust Tax-Advantaged Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SEI Tax Exempt Trust Tax-Advantaged Income Fund granted a 4.48% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.42 | $0.42 | $0.36 | $0.43 | $0.45 | $0.42 | $0.47 | $0.48 | $0.41 | $0.40 | $0.36 | $0.40 |
Dividend yield | 4.48% | 4.57% | 4.00% | 4.08% | 4.27% | 4.00% | 4.75% | 4.66% | 4.11% | 3.85% | 3.51% | 4.19% |
Monthly Dividends
The table displays the monthly dividend distributions for SEI Tax Exempt Trust Tax-Advantaged Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.14 | |||||||
2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.42 |
2022 | $0.03 | $0.01 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.02 | $0.36 |
2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.43 |
2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.45 |
2019 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.42 |
2018 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.09 | $0.47 |
2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.10 | $0.48 |
2016 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.41 |
2015 | $0.03 | $0.03 | $0.04 | $0.02 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.40 |
2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.36 |
2013 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the SEI Tax Exempt Trust Tax-Advantaged Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SEI Tax Exempt Trust Tax-Advantaged Income Fund was 30.87%, occurring on Mar 9, 2009. Recovery took 143 trading sessions.
The current SEI Tax Exempt Trust Tax-Advantaged Income Fund drawdown is 4.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-30.87% | Oct 25, 2007 | 343 | Mar 9, 2009 | 143 | Sep 30, 2009 | 486 |
-16.65% | Aug 9, 2021 | 306 | Oct 24, 2022 | — | — | — |
-15.89% | Mar 6, 2020 | 12 | Mar 23, 2020 | 167 | Nov 17, 2020 | 179 |
-9.23% | May 21, 2013 | 75 | Sep 5, 2013 | 166 | May 5, 2014 | 241 |
-7.17% | Oct 15, 2010 | 65 | Jan 18, 2011 | 277 | Feb 23, 2012 | 342 |
Volatility
Volatility Chart
The current SEI Tax Exempt Trust Tax-Advantaged Income Fund volatility is 0.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.