SEPAX Alternatives & Similar Mutual Funds

SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund (SEPAX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SEPAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to SEPAX

SEPAX charges 0.63% annually. There are 248 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	SEPAX vs LSMSX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	SEPAX vs VTMFX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	SEPAX vs FHMIX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	SEPAX vs NMTRX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	SEPAX vs FSMUX

Best Risk-Adjusted Alternatives to SEPAX

SEPAX has a PortfoliosLab risk / return rank of 58. There are 441 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	SEPAX vs DFABX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	SEPAX vs ATOIX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	SEPAX vs DNYMX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	SEPAX vs DFCMX
DFSMX	DFA Short Term Municipal Bond Portfolio	99	—	Aug 2002	SEPAX vs DFSMX

Top Performing SEPAX Alternatives (YTD)

SEPAX is at 0.49% YTD. There are 467 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 12.91%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	12.91%	—	Apr 1998	SEPAX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	9.28%	—	Nov 2002	SEPAX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	7.81%	—	Nov 2001	SEPAX vs AFB
NPV	Nuveen Virginia Quality Municipal Income Fund	6.99%	—	Mar 1993	SEPAX vs NPV
MIY	BlackRock MuniYield Michigan Quality Fund	5.87%	—	Oct 1992	SEPAX vs MIY

Lowest Volatility Alternatives to SEPAX

SEPAX has 1.92% 1-year volatility. There are 88 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	SEPAX vs DFABX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	SEPAX vs USMSX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	SEPAX vs DFCMX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.60%	—	May 2016	SEPAX vs USMTX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.61%	—	Aug 2002	SEPAX vs DFSMX

Lowest Drawdown Alternatives to SEPAX

SEPAX has a 1-year max drawdown of -2.62%. There are 177 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	SEPAX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	SEPAX vs ATOIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	SEPAX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	SEPAX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	SEPAX vs TFCYX

Other Mutual Funds from SEI

The 10 most viewed SEI mutual funds shown here include ENIAX, STDAX, SGYAX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ENIAX	SEI Institutional Investments Trust Opportunistic ...	Ultrashort Bond	99	1.77%	—	Dec 2006	SEPAX vs ENIAX
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	Diversified Portfolio	99	1.48%	—	Nov 2003	SEPAX vs STDAX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	57	1.15%	—	Dec 2005	SEPAX vs SGYAX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	Intermediate Core-Plus Bond	46	2.21%	—	Sep 2007	SEPAX vs SEATX
SDLAX	SEI Institutional Investments Trust Dynamic Asset ...	Large Cap Blend Equities	44	6.54%	—	Jul 2010	SEPAX vs SDLAX
SIEMX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Diversified	79	23.37%	—	Jan 1995	SEPAX vs SIEMX
SPINX	SEI Institutional Investments Trust S&P 500 Index ...	S&P 500	55	8.19%	—	Dec 2013	SEPAX vs SPINX
SICIX	SEI Asset Allocation Trust Conservative Strategy F...	Diversified Portfolio	57	1.92%	—	Nov 2003	SEPAX vs SICIX
SEITX	SEI Institutional International Trust Internationa...	Foreign Large Cap Equities	48	9.03%	—	Dec 1989	SEPAX vs SEITX
CAVAX	SEI Catholic Values Trust Catholic Values Equity F...	Large Cap Blend Equities	37	6.78%	—	Apr 2015	SEPAX vs CAVAX

Often Compared With SEPAX

Investors most often compare SEPAX with SPIIX, SEIMX, VPAIX. These 15 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SPIIX	SEI S&P 500 Index Fund Class I	Large Cap Blend Equities	51	7.81%	—	Jun 2002	SEPAX vs SPIIX
SEIMX	SEI Tax Exempt Trust Intermediate-Term Municipal F...	Municipal Bonds	66	1.18%	—	Sep 1989	SEPAX vs SEIMX
VPAIX	Vanguard Pennsylvania Long-Term Tax-Exempt Fund In...	Municipal Bonds	75	1.74%	4.00B	Apr 1986	SEPAX vs VPAIX
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	24	5.08%	—	Jul 1992	SEPAX vs MQY
SMSAX	SEI Institutional Managed Trust Multi-Strategy Alt...	Multistrategy	88	6.83%	—	Mar 2010	SEPAX vs SMSAX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	94	1.95%	—	Nov 2014	SEPAX vs DMREX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	77	1.81%	—	Jun 2012	SEPAX vs FXIEX
MPA	BlackRock MuniYield Pennsylvania Quality Fund	Municipal Bonds	33	4.03%	—	Nov 1992	SEPAX vs MPA
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	10	0.49%	—	Oct 2022	SEPAX vs BMN
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	98	1.01%	—	Oct 2013	SEPAX vs FMNDX
MUC	BlackRock MuniHoldings California Quality Fund	Municipal Bonds	36	5.75%	—	Feb 1998	SEPAX vs MUC
SBDAX	SEI Tax Exempt Trust California Municipal Bond Fun...	Municipal Bonds	54	0.18%	—	Aug 1998	SEPAX vs SBDAX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	97	0.77%	—	Dec 2017	SEPAX vs FGNSX
LDRAX	SEI Institutional Investments Trust Long Duration ...	Long-Term Bond	10	0.43%	—	Apr 2004	SEPAX vs LDRAX
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	58	5.53%	—	Mar 1998	SEPAX vs MUJ

Compare SEPAX with Any Fund or Stock

Compare SEPAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair SEPAX with funds that move differently

SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SEPAX.

Explore SEPAX Diversifiers

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