SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund (SEPAX)

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SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund (SEPAX) is up 0.6% since the beginning of the year. SEPAX is currently trading at $11 per share. Investors who bought $1,000 worth of SEPAX shares 5 years ago would now be looking at an investment worth $1,024.

SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund (SEPAX) has returned 0.58% so far this year and 4.48% over the past 12 months. Over the last ten years, SEPAX has returned 1.50% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 4, 1999, SEPAX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2023 with a return of +4.2%, while the worst month was Nov 2016 at -3.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SEPAX closed higher 34% of trading days. The best single day was Mar 25, 2020 with a return of +5.0%, while the worst single day was Mar 20, 2020 at -3.1%.

SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund has an annualized alpha of 3.09%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 04, 1999.

• This fund captured 8.53% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.74%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SEPAX has an expense ratio of 0.63%, placing it in the medium range.

SEPAX ranks 58 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund provided a 2.26% dividend yield over the last twelve months, with an annual payout of $0.24 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the SEI Tax-Exempt Trust Pennsylvania Municipal Bond 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 Pennsylvania Municipal Bond Fund was 11.49%, occurring on Oct 25, 2022. Recovery took 721 trading sessions.

The current SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund drawdown is 1.09%.

The chart below shows the rolling one-month volatility.