SEI Tax-Exempt California Municipal Bond Fund

Class Inst (SBDAX)
Scorecard
3 / 5 Stars
Lipper
3 3 3 2 2
Zacks Investment Research
3 (Hold)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B+ (Buy)

#9 in Muni California Intermediate

U.S. News evaluated 16 Muni California Intermediate Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all SEI funds

See full Muni California Intermediate rankings

See more fund rankings

Performance

The fund has returned 5.18 percent over the past year, 3.88 percent over the past three years, 4.90 percent over the past five years, and 4.04 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 3.9%
1 Year 5.2%
3 Years (Annualized) 3.9%
5 Years (Annualized) 4.9%
10 Years (Annualized) 4.0%

See more SBDAX performance

Summary

The investment seeks the highest level of current income exempt from federal and California state income taxes as is consistent with the preservation of capital. The fund typically invests at least 80% of assets in investment grade municipal securities that pay interest that is exempt from federal and California state income taxes. The principal issuers of these securities are state and local governments and their agencies located in California, as well as in Puerto Rico and other U.S. territories and possessions. The sub-adviser strives to maintain an average weighted portfolio maturity of three to ten years. It is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
SEI Tax-Exempt California Municipal Bond Fund has an expense ratio of 0.60 percent.

See more SBDAX fees

Risk

Risk is Average compared to funds in the same category according to Morningstar.

See more SBDAX risk