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Trending ETFs

STET PENNSYLVANIA MUNICIPAL BOND FUND

mutual fund
SEPAX
Payout Change
Pending
Price as of:
$10.41 +0.01 +0.1%
primary theme
Municipal Bond
share class
Other (SEPAX) Y (SPAYX)
SEPAX (Mutual Fund)

STET PENNSYLVANIA MUNICIPAL BOND FUND

Payout Change
Pending
Price as of:
$10.41 +0.01 +0.1%
primary theme
Municipal Bond
share class
Other (SEPAX) Y (SPAYX)
SEPAX (Mutual Fund)

STET PENNSYLVANIA MUNICIPAL BOND FUND

Payout Change
Pending
Price as of:
$10.41 +0.01 +0.1%
primary theme
Municipal Bond
share class
Other (SEPAX) Y (SPAYX)

Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

STET PENNSYLVANIA MUNICIPAL BOND FUND

SEPAX | Fund

$10.41

$140 M

2.11%

$0.22

0.84%

Vitals

YTD Return

1.8%

1 yr return

2.7%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

0.6%

Net Assets

$140 M

Holdings in Top 10

22.4%

52 WEEK LOW AND HIGH

$10.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.84%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

STET PENNSYLVANIA MUNICIPAL BOND FUND

SEPAX | Fund

$10.41

$140 M

2.11%

$0.22

0.84%

SEPAX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.54%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    STET PENNSYLVANIA MUNICIPAL BOND FUND
  • Fund Family Name
    SEI Funds
  • Inception Date
    Aug 26, 1998
  • Shares Outstanding
    16447925
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Richard Bamford

Fund Description

The Pennsylvania Municipal Bond 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 and Pennsylvania state income taxes, including, but not limited to, municipal bonds, notes and commercial paper. The principal issuers of these securities are state and local

governments and their agencies located in Pennsylvania, as well as in Puerto Rico and other U.S. territories and possessions.

The Fund uses a sub-adviser (the Sub-Adviser) to manage the Fund's portfolio under the general supervision of SEI Investments Management Corporation, the Fund's adviser (SIMC or the Adviser). The Sub-Adviser selects securities based on its view on the future direction of interest rates and the shape of the yield curve, as well as its views on credit quality and sector allocation issues. Where possible, the Sub-Adviser will attempt to acquire securities that are underpriced relative to other eligible securities. The Sub-Adviser will strive to maintain an average weighted portfolio maturity of seven years or less. The Fund may, to a limited extent, invest in securities subject to the alternative minimum tax or in debt securities subject to federal and Pennsylvania state income taxes. The Fund may also invest in municipal securities rated below investment grade (junk bonds).

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SEPAX - Performance

Return Ranking - Trailing

Period SEPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -4.3% 40.7% 92.68%
1 Yr 2.7% -2.6% 46.0% 94.29%
3 Yr -0.4%* -10.3% 6.3% 67.08%
5 Yr 0.6%* -6.5% 1105.2% 73.42%
10 Yr 1.5%* -0.9% 249.0% 59.96%

* Annualized

Return Ranking - Calendar

Period SEPAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -1.4% 41.0% 69.76%
2022 -8.4% -39.7% 0.3% 23.00%
2021 -1.8% -5.6% 6.9% 95.88%
2020 2.5% -2.6% 310.0% 16.25%
2019 4.4% 0.0% 26.0% 28.22%

Total Return Ranking - Trailing

Period SEPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -4.3% 40.7% 92.68%
1 Yr 2.7% -2.6% 46.0% 94.29%
3 Yr -0.4%* -10.3% 6.3% 67.08%
5 Yr 0.6%* -6.5% 1105.2% 73.42%
10 Yr 1.5%* -0.9% 249.0% 59.96%

* Annualized

Total Return Ranking - Calendar

Period SEPAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -1.3% 41.0% 82.83%
2022 -6.7% -39.7% 1.1% 23.75%
2021 0.0% -4.8% 23761504.0% 87.97%
2020 4.8% -1.5% 17057.9% 19.40%
2019 6.8% 0.2% 3514.6% 43.12%

NAV & Total Return History

SEPAX - Holdings

Concentration Analysis

SEPAX Category Low Category High SEPAX % Rank
Net Assets 140 M 3.22 M 71.9 B 79.97%
Number of Holdings 119 4 13418 78.31%
Net Assets in Top 10 30 M -317 M 3.09 B 78.64%
Weighting of Top 10 22.44% 1.8% 100.3% 30.38%

Top 10 Holdings

  1. PHILADELPHIA PA AUTH FOR INDL PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 4.01%
  2. PENNSYLVANIA ST COMMONWEALTH OF PENNSYLVANIA 2.69%
  3. PENNSYLVANIA HGR EDU ASSISTANC PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 2.44%
  4. PENNSYLVANIA ST COMMONWEALTH OF PENNSYLVANIA 2.25%
  5. CMWLTH FING AUTH PA TOBACCO MA COMMONWEALTH FINANCING AUTHORITY 2.01%
  6. ALLEGHENY CNTY PA HOSP DEV AUT ALLEGHENY COUNTY HOSPITAL DEVELOPMENT AUTHORITY 1.99%
  7. PHILADELPHIA PA WTR WSTWTR R CITY OF PHILADELPHIA PA WATER WASTEWATER REVENUE 1.92%
  8. UNIV OF PITTSBURGH PA OF THE C UNIVERSITY OF PITTSBURGH-OF THE COMMONWEALTH SYSTE 1.77%
  9. PENNSYLVANIA ST TURNPIKE COMMI PENNSYLVANIA TURNPIKE COMMISSION OIL FRANCHISE TAX 1.71%
  10. PHILADELPHIA PA GAS WKS REVENU PHILADELPHIA GAS WORKS CO 1.65%

Asset Allocation

Weighting Return Low Return High SEPAX % Rank
Bonds 		99.72% 0.00% 150.86% 28.19%
Cash 		0.34% -50.86% 44.62% 72.67%
Stocks 		0.00% 0.00% 99.78% 84.97%
Preferred Stocks 		0.00% 0.00% 0.07% 82.81%
Other 		0.00% -3.69% 53.54% 80.52%
Convertible Bonds 		0.00% 0.00% 0.93% 82.67%

Bond Sector Breakdown

Weighting Return Low Return High SEPAX % Rank
Municipal 		98.93% 44.39% 100.00% 41.20%
Cash & Equivalents 		0.34% 0.00% 44.41% 44.86%
Derivative 		0.00% -3.69% 53.54% 79.92%
Securitized 		0.00% 0.00% 5.93% 82.60%
Corporate 		0.00% 0.00% 9.41% 86.58%
Government 		0.00% 0.00% 52.02% 84.29%

Bond Geographic Breakdown

Weighting Return Low Return High SEPAX % Rank
US 		99.72% 0.00% 142.23% 26.53%
Non US 		0.00% 0.00% 23.89% 84.22%

SEPAX - Expenses

Operational Fees

SEPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.01% 8.02% 39.38%
Management Fee 0.35% 0.00% 1.20% 29.19%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.20% 0.01% 0.44% 90.27%

Sales Fees

SEPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

SEPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SEPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 283.00% 11.49%

SEPAX - Distributions

Dividend Yield Analysis

SEPAX Category Low Category High SEPAX % Rank
Dividend Yield 2.11% 0.00% 14.51% 91.68%

Dividend Distribution Analysis

SEPAX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

SEPAX Category Low Category High SEPAX % Rank
Net Income Ratio 1.54% -0.53% 5.33% 70.02%

Capital Gain Distribution Analysis

SEPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

SEPAX - Fund Manager Analysis

Managers

Richard Bamford

Start Date

Tenure

Tenure Rank

Dec 31, 1999

22.43

22.4%

Richard A. Bamford serves as a Portfolio Manager for the Fixed Income Team within SIMC's Investment Management Unit. Mr. Bamford is responsible for investment grade debt and municipal bond portfolios. Mr. Bamford's duties include manager analysis and selection, strategy development and enhancement as well as investment research. Mr. Bamford has over 20 years of investment experience in investment management. Prior to joining SEI in 1999, Mr. Bamford worked as a Municipal Credit Analyst for Vanguard. Mr. Bamford received a Bachelor of Science in Economics/Finance and Accounting from the University of Scranton and an M.B.A. with a concentration in Finance from St. Joseph's University.

Daniel Rabasco

Start Date

Tenure

Tenure Rank

Dec 31, 2010

11.42

11.4%

Dan is the head of municipal bonds at Mellon Investments Corp, overseeing and guiding the investment management process for the firm’s tax-exempt strategies. Previously, he was the head of trading for tax-exempt bonds, responsible for managing the municipal bond trading desk. Before joining the firm, Dan directed the municipal bond group at Fleet where he was responsible for managing mutual fund, common trust fund and high net worth client assets. Previously, he was a portfolio manager at Evergreen Investments, where he managed national and state-specific mutual funds. His other responsibilities included hospital and high yield credit analysis. Dan began his career as a municipal analyst at Liberty Insurance Company. Dan has been in the investment industry since 1987. Dan holds a BA from Boston College and an MBA from Suffolk University. Dan has served as a member of the Municipal Securities Rulemaking Board's Investor Advisory Group (2004-2008). He holds the CFA® designation and is a member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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