SEI Tax-Exempt New Jersey Municipal Bond Fund

Class Inst (SENJX)
Scorecard
1 / 5 Stars
Lipper
1 1 4 3 1
Zacks Investment Research
2 (Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
A (Buy)

#6 in Muni New Jersey

U.S. News evaluated 14 Muni New Jersey Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 0.34 percent over the past year, 3.76 percent over the past three years, 3.85 percent over the past five years, and 3.21 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 1.9%
1 Year 0.3%
3 Years (Annualized) 3.8%
5 Years (Annualized) 3.8%
10 Years (Annualized) 3.2%

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Summary

The investment seeks the highest level of current income exempt from federal and New Jersey state income taxes as is consistent with the preservation of capital. The fund invests at least 80% of assets in investment grade municipal securities that pay interest that is exempt from federal and New Jersey state income taxes. The principal issuers of these securities are state and local governments and their agencies located in New Jersey, 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 Below Average compared to funds in the same category.
SEI Tax-Exempt New Jersey Municipal Bond Fund has an expense ratio of 0.60 percent.

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Risk

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

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