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 24. There are 459 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	SEPAX vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	100	—	Dec 2002	SEPAX vs ATOIX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	99	—	Apr 2022	SEPAX vs DFABX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	SEPAX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	SEPAX vs TFCYX

Top Performing SEPAX Alternatives (YTD)

SEPAX is at -0.57% YTD. There are 449 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.42%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	10.42%	—	Apr 1998	SEPAX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	7.26%	—	Nov 2002	SEPAX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	6.51%	—	Oct 1992	SEPAX vs MIY
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	5.51%	12.30B	Sep 1994	SEPAX vs VTMFX
AFB	AllianceBernstein National Municipal Income Fund	5.23%	—	Nov 2001	SEPAX vs AFB

Lowest Volatility Alternatives to SEPAX

SEPAX has 2.01% 1-year volatility. There are 87 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.53%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.53%	—	Aug 2002	SEPAX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.57%	—	Apr 2022	SEPAX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	SEPAX vs DFCMX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.64%	—	May 2016	SEPAX vs USMTX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.64%	—	May 2016	SEPAX vs USMSX

Lowest Drawdown Alternatives to SEPAX

SEPAX has a 1-year max drawdown of -2.62%. There are 176 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
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	SEPAX vs TFCYX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	SEPAX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	SEPAX vs FHMIX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	-0.11%	—	Apr 2022	SEPAX vs DFABX

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	100	2.27%	—	Dec 2006	SEPAX vs ENIAX
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	Diversified Portfolio	99	1.58%	—	Nov 2003	SEPAX vs STDAX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	38	1.08%	—	Dec 2005	SEPAX vs SGYAX
SICIX	SEI Asset Allocation Trust Conservative Strategy F...	Diversified Portfolio	83	3.22%	—	Nov 2003	SEPAX vs SICIX
SDLAX	SEI Institutional Investments Trust Dynamic Asset ...	Large Cap Blend Equities	62	10.77%	—	Jul 2010	SEPAX vs SDLAX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	Intermediate Core-Plus Bond	39	1.08%	—	Sep 2007	SEPAX vs SEATX
SPINX	SEI Institutional Investments Trust S&P 500 Index ...	S&P 500	73	11.73%	—	Dec 2013	SEPAX vs SPINX
CAVAX	SEI Catholic Values Trust Catholic Values Equity F...	Large Cap Blend Equities	68	11.56%	—	Apr 2015	SEPAX vs CAVAX
SIEMX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Equities	72	20.11%	—	Jan 1995	SEPAX vs SIEMX
SEITX	SEI Institutional International Trust Internationa...	Foreign Large Cap Equities	79	14.21%	—	Dec 1989	SEPAX vs SEITX

Often Compared With SEPAX

Investors most often compare SEPAX with SPIIX, SEIMX, VPAIX. These 18 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	67	11.27%	—	Jun 2002	SEPAX vs SPIIX
SEIMX	SEI Tax Exempt Trust Intermediate-Term Municipal F...	Municipal Bonds	48	-0.10%	—	Sep 1989	SEPAX vs SEIMX
VPAIX	Vanguard Pennsylvania Long-Term Tax-Exempt Fund In...	Municipal Bonds	68	0.08%	4.00B	Apr 1986	SEPAX vs VPAIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	Municipal Bonds	18	0.90%	—	Dec 2017	SEPAX vs APUSX
MPA	BlackRock MuniYield Pennsylvania Quality Fund	Municipal Bonds	27	2.33%	—	Nov 1992	SEPAX vs MPA
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	22	3.23%	—	Jul 1992	SEPAX vs MQY
SMSAX	SEI Institutional Managed Trust Multi-Strategy Alt...	Multistrategy	89	6.53%	—	Mar 2010	SEPAX vs SMSAX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	79	0.76%	—	Jun 2012	SEPAX vs FXIEX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	91	1.98%	—	Nov 2014	SEPAX vs DMREX
NPV	Nuveen Virginia Quality Municipal Income Fund	Municipal Bonds	21	2.02%	—	Mar 1993	SEPAX vs NPV
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	98	1.14%	—	Oct 2013	SEPAX vs FMNDX
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	17	-0.79%	—	Oct 2022	SEPAX vs BMN
MUC	BlackRock MuniHoldings California Quality Fund	Municipal Bonds	45	4.60%	—	Feb 1998	SEPAX vs MUC
SBDAX	SEI Tax Exempt Trust California Municipal Bond Fun...	Municipal Bonds	21	-1.18%	—	Aug 1998	SEPAX vs SBDAX
DNYMX	DFA NY Municipal Bond Portfolio	Municipal Bonds	99	1.21%	—	Jun 2015	SEPAX vs DNYMX
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	63	4.35%	—	Mar 1998	SEPAX vs MUJ
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	95	0.82%	—	Dec 2017	SEPAX vs FGNSX
LDRAX	SEI Institutional Investments Trust Long Duration ...	Long-Term Bond	2	-3.15%	—	Apr 2004	SEPAX vs LDRAX

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