SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) Alternatives

SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) 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 SUMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to SUMAX

SUMAX charges 0.63% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among SUMAX alternatives.

Symbol	Name	Expense Ratio	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	Dec 22, 2015	SUMAX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	May 30, 2007	SUMAX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	Feb 2, 2021	SUMAX vs FHMIX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	Jun 24, 2021	SUMAX vs FSMUX
FMBIX	Fidelity Municipal Bond Index Fund	0.07%	Jul 11, 2019	SUMAX vs FMBIX

Best Risk-Adjusted Alternatives to SUMAX

Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ATOIX	abrdn Ultra Short Municipal Income Fund	100	Dec 4, 2002	SUMAX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	Apr 21, 2016	SUMAX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	99	Dec 25, 2017	SUMAX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	Feb 2, 2021	SUMAX vs FHMIX
USMTX	JPMorgan Ultra-Short Municipal Fund	99	May 30, 2016	SUMAX vs USMTX

Top Performing SUMAX Alternatives (YTD)

SUMAX alternatives from the Municipal Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
NMI	Nuveen Municipal Income Fund, Inc.	5.52%	Apr 20, 1998	SUMAX vs NMI
NPV	Nuveen Virginia Quality Municipal Income Fund	4.94%	Mar 18, 1993	SUMAX vs NPV
NRK	Nuveen New York AMT Free Quality Municipal Income	4.26%	Nov 21, 2002	SUMAX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	3.67%	Oct 30, 1992	SUMAX vs MIY
NQP	Nuveen Pennsylvania Quality Municipal Income	2.14%	Feb 21, 1991	SUMAX vs NQP

Lowest Volatility Alternatives to SUMAX

SUMAX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.68%	Aug 19, 2002	SUMAX vs DFSMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.69%	May 31, 2016	SUMAX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.70%	May 30, 2016	SUMAX vs USMTX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.71%	Apr 11, 2022	SUMAX vs DFABX
BATVX	BlackRock Allocation Target Shares	0.76%	May 20, 2021	SUMAX vs BATVX

Lowest Drawdown Alternatives to SUMAX

SUMAX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	May 20, 2021	SUMAX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	Dec 4, 2002	SUMAX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	Apr 21, 2016	SUMAX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.20%	Dec 25, 2017	SUMAX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.20%	Feb 2, 2021	SUMAX vs FHMIX

Other Mutual Funds from SEI

Most popular SEI mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ENIAX	SEI Institutional Investments Trust Opportunistic ...	Ultrashort Bond	92	0.38%	Dec 13, 2006	SUMAX vs ENIAX
SDLAX	SEI Institutional Investments Trust Dynamic Asset ...	Large Cap Blend Equities	52	-5.23%	Jul 30, 2010	SUMAX vs SDLAX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	81	-1.13%	Dec 5, 2005	SUMAX vs SGYAX
SPINX	SEI Institutional Investments Trust S&P 500 Index ...	S&P 500	56	-4.36%	Dec 18, 2013	SUMAX vs SPINX
SEITX	SEI Institutional International Trust Internationa...	Foreign Large Cap Equities	76	1.70%	Dec 20, 1989	SUMAX vs SEITX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	Intermediate Core-Plus Bond	12	-0.14%	Sep 4, 2007	SUMAX vs SEATX
SPIIX	SEI S&P 500 Index Fund Class I	Large Cap Blend Equities	50	-4.52%	Jun 28, 2002	SUMAX vs SPIIX
CAVAX	SEI Catholic Values Trust Catholic Values Equity F...	Large Cap Blend Equities	45	-2.71%	Apr 30, 2015	SUMAX vs CAVAX
SIEMX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Diversified	89	3.40%	Jan 16, 1995	SUMAX vs SIEMX
SEIMX	SEI Tax Exempt Trust Intermediate-Term Municipal F...	Municipal Bonds	48	-0.43%	Sep 4, 1989	SUMAX vs SEIMX

Often Compared With SUMAX

What investors most often compare with SUMAX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
MUB	iShares National AMT-Free Muni Bond ETF	Municipal Bonds	49	0.04%	Sep 7, 2007	SUMAX vs MUB
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	28	1.11%	Oct 28, 2022	SUMAX vs BMN
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	18	-0.41%	Jun 24, 2012	SUMAX vs FXIEX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	92	1.10%	Nov 3, 2014	SUMAX vs DMREX
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	99	0.30%	Oct 15, 2013	SUMAX vs FMNDX

Compare SUMAX with Any Fund or Stock

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

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SEI Tax Exempt Trust Short Duration Municipal Fund

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