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
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
FXIEX	PIMCO Fixed Income SHares: Series TE	0.07%	—	Jun 2012	SEPAX vs FXIEX

Best Risk-Adjusted Alternatives to SEPAX

SEPAX has a PortfoliosLab risk / return rank of 58. There are 419 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
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
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	SEPAX vs ATOIX

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 11.65%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	11.65%	—	Apr 1998	SEPAX vs NMI
NPV	Nuveen Virginia Quality Municipal Income Fund	6.88%	—	Mar 1993	SEPAX vs NPV
NRK	Nuveen New York AMT Free Quality Municipal Income	6.87%	—	Nov 2002	SEPAX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	6.20%	—	Nov 2001	SEPAX vs AFB
MIY	BlackRock MuniYield Michigan Quality Fund	5.14%	—	Oct 1992	SEPAX vs MIY

Lowest Volatility Alternatives to SEPAX

SEPAX has 1.93% 1-year volatility. There are 87 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
USMTX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	SEPAX vs USMTX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	SEPAX vs DFCMX
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 178 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
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	SEPAX vs FHMIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	SEPAX vs APUSX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	SEPAX vs ATOIX
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, SGYAX, STDAX and span 9 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ENIAX	SEI Institutional Investments Trust Opportunistic ...	Ultrashort Bond	100	1.52%	—	Dec 2006	SEPAX vs ENIAX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	63	1.59%	—	Dec 2005	SEPAX vs SGYAX
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	Diversified Portfolio	99	1.30%	—	Nov 2003	SEPAX vs STDAX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	Intermediate Core-Plus Bond	39	2.21%	—	Sep 2007	SEPAX vs SEATX
SDLAX	SEI Institutional Investments Trust Dynamic Asset ...	Large Cap Blend Equities	62	10.77%	—	Jul 2010	SEPAX vs SDLAX
SIEMX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Diversified	91	29.32%	—	Jan 1995	SEPAX vs SIEMX
SPINX	SEI Institutional Investments Trust S&P 500 Index ...	S&P 500	74	11.70%	—	Dec 2013	SEPAX vs SPINX
SEITX	SEI Institutional International Trust Internationa...	Foreign Large Cap Equities	41	10.73%	—	Dec 1989	SEPAX vs SEITX
CAVAX	SEI Catholic Values Trust Catholic Values Equity F...	Large Cap Blend Equities	48	9.85%	—	Apr 2015	SEPAX vs CAVAX
SEIMX	SEI Tax Exempt Trust Intermediate-Term Municipal F...	Municipal Bonds	67	1.27%	—	Sep 1989	SEPAX vs SEIMX

Often Compared With SEPAX

Investors most often compare SEPAX with SPIIX, VPAIX, FMBIX. 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	68	11.33%	—	Jun 2002	SEPAX vs SPIIX
VPAIX	Vanguard Pennsylvania Long-Term Tax-Exempt Fund In...	Municipal Bonds	74	1.74%	3.90B	Apr 1986	SEPAX vs VPAIX
FMBIX	Fidelity Municipal Bond Index Fund	Municipal Bonds	—	—	0.00	Jul 2019	SEPAX vs FMBIX
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	14	0.83%	—	Oct 2022	SEPAX vs BMN
SMSAX	SEI Institutional Managed Trust Multi-Strategy Alt...	Multistrategy	91	7.33%	—	Mar 2010	SEPAX vs SMSAX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	95	2.23%	—	Nov 2014	SEPAX vs DMREX
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	15	3.28%	—	Jul 1992	SEPAX vs MQY
MPA	BlackRock MuniYield Pennsylvania Quality Fund	Municipal Bonds	22	3.87%	—	Nov 1992	SEPAX vs MPA
NQP	Nuveen Pennsylvania Quality Municipal Income	Municipal Bonds	—	—	—	Feb 1991	SEPAX vs NQP
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	23	4.06%	—	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	96	0.67%	—	Dec 2017	SEPAX vs FGNSX
LDRAX	SEI Institutional Investments Trust Long Duration ...	Long-Term Bond	12	0.60%	—	Apr 2004	SEPAX vs LDRAX
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	44	4.64%	—	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