SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX)
The fund will invest, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade municipal securities that pay interest that is exempt from federal income tax, including, but not limited to, municipal bonds, notes, variable rate demand notes and commercial paper.
Fund Info
US7841185645
784118564
Nov 12, 2003
$100,000
Expense Ratio
SUMAX features an expense ratio of 0.63%, falling within the medium range.
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 Short Duration Municipal 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 Short Duration Municipal Fund had a return of 0.53% year-to-date (YTD) and 3.24% in the last 12 months. Over the past 10 years, SEI Tax Exempt Trust Short Duration Municipal Fund had an annualized return of 1.08%, while the S&P 500 had an annualized return of 11.26%, indicating that SEI Tax Exempt Trust Short Duration Municipal Fund did not perform as well as the benchmark.
SUMAX
0.53%
0.43%
1.28%
3.24%
1.28%
1.08%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SUMAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.53% | 0.53% | |||||||||||
| 2024 | -0.01% | 0.20% | 0.00% | -0.00% | 0.08% | 0.62% | 0.72% | 0.62% | 0.33% | -0.17% | 0.44% | -0.18% | 2.68% |
| 2023 | 0.98% | -0.68% | 0.87% | -0.14% | -0.13% | 0.49% | 0.17% | 0.09% | -0.52% | 0.10% | 1.54% | 0.82% | 3.63% |
| 2022 | -0.66% | -0.36% | -0.75% | -0.65% | 0.47% | -0.14% | 0.69% | -0.61% | -0.90% | -0.07% | 1.16% | 0.05% | -1.78% |
| 2021 | 0.26% | -0.34% | 0.17% | 0.17% | -0.04% | 0.05% | 0.15% | -0.05% | -0.26% | -0.06% | 0.04% | -0.05% | 0.04% |
| 2020 | 0.40% | 0.30% | -1.17% | -0.19% | 0.99% | 0.48% | 0.49% | 0.08% | -0.02% | -0.02% | 0.29% | 0.16% | 1.78% |
| 2019 | 0.32% | 0.21% | 0.22% | 0.12% | 0.32% | 0.22% | 0.31% | 0.11% | -0.09% | 0.21% | 0.10% | 0.11% | 2.18% |
| 2018 | 0.07% | 0.07% | -0.02% | -0.01% | 0.18% | 0.29% | 0.19% | -0.30% | 0.10% | 0.00% | 0.30% | 0.21% | 1.09% |
| 2017 | 0.25% | 0.25% | -0.05% | 0.15% | 0.25% | -0.15% | 0.26% | 0.16% | -0.10% | -0.04% | -0.24% | 0.07% | 0.81% |
| 2016 | 0.13% | 0.03% | -0.07% | 0.04% | 0.04% | 0.14% | 0.13% | -0.06% | -0.16% | 0.02% | -0.56% | 0.04% | -0.28% |
| 2015 | 0.02% | 0.02% | 0.02% | -0.08% | 0.02% | 0.02% | 0.02% | 0.03% | 0.03% | 0.13% | -0.07% | 0.03% | 0.19% |
| 2014 | 0.16% | 0.05% | -0.05% | 0.15% | 0.15% | 0.04% | -0.07% | 0.03% | 0.03% | 0.02% | 0.00% | 0.02% | 0.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, SUMAX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) 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 Short Duration Municipal Fund provided a 2.58% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.25 | $0.21 | $0.10 | $0.06 | $0.11 | $0.14 | $0.11 | $0.06 | $0.04 | $0.03 | $0.04 |
Dividend yield | 2.58% | 2.54% | 2.12% | 1.02% | 0.63% | 1.07% | 1.35% | 1.08% | 0.61% | 0.42% | 0.29% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for SEI Tax Exempt Trust Short Duration Municipal 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2023 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.10 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.06 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.06 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the SEI Tax Exempt Trust Short Duration Municipal 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 Short Duration Municipal Fund was 3.46%, occurring on Oct 25, 2022. Recovery took 270 trading sessions.
The current SEI Tax Exempt Trust Short Duration Municipal Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.46% | Aug 6, 2021 | 308 | Oct 25, 2022 | 270 | Nov 21, 2023 | 578 |
| -3.36% | Mar 10, 2020 | 9 | Mar 20, 2020 | 70 | Jun 30, 2020 | 79 |
| -1.19% | Feb 13, 2008 | 11 | Feb 28, 2008 | 64 | May 30, 2008 | 75 |
| -1.07% | Sep 16, 2008 | 22 | Oct 15, 2008 | 20 | Nov 12, 2008 | 42 |
| -0.76% | Aug 30, 2016 | 65 | Nov 30, 2016 | 124 | May 31, 2017 | 189 |
Volatility
Volatility Chart
The current SEI Tax Exempt Trust Short Duration Municipal Fund volatility is 0.33%, 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.