Mutual Fund Insights: SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX)

In-depth Analysis of SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX)

3 months 6 months 1 year 3 year 5 year

See SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) performance details as of February 28, 2010

  

Last Trade: $10.51 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Daniel T. Vande Velde

Fund Manager Tenure: 2.5 years
Fundmojo Fund Grade: D (Score: 0.48)     (What does this score mean?)

Mr. Vande Velde joined Lord Abbett from McDonnell Investment Management, LLC, where he served as a Portfolio Manager. Mr. Vande Velde previously served in the following positions: Portfolio Analyst, Municipal Surveillance Analyst, and Investment Services Representative. Mr. Vande Velde received a BBA in finance from Loyola University and an MBA in finance and management information systems from DePaul University. He has been in the investment business since 1990.  Get more insights on Daniel T. Vande Velde

  

 What we like about SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX)

Data for SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) as of February 28, 2010

• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) has good short-term performance (1-year return 6.72% vs 12.59 % Muni New Jersey category average)
• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) has good mid-term performance (3-year return 4.75% vs 2.82 % Muni New Jersey category average)
• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) has good Long-term performance (5-year return 3.93% vs 3.45 % Muni New Jersey category average)
• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) ratio of up-years vs down years is greater than 2
• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) has an annual stock turnover rate of 7.00% vs Muni New Jersey average of 19.01%. It is good that SEI Tax-Exempt NJ Municipal Bond A management does not trade extensively for its return.
• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.73, lower than category average of 7.28
• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) has a lower management fee than its Muni New Jersey average: 0.60% vs 1.02%
• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX)

Data for SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) as of February 28, 2010

• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) management has been with SEI Tax-Exempt NJ Municipal Bond A Fund for only 2.5 years, it is hard to judge manager's ability based on this fund's operation record
• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) has a Morningstar rating of 3 and below
• SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) is less safe compared to its Muni New Jersey peers

See SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) performance details as of February 28, 2010

  

  

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SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) Net Asset

Track net asset change of SEI Tax-Exempt NJ Municipal Bond A fund (SENJX)

Date	Net Asset
02/2010	$80.19M
01/2010	$84.31M
11/2009	$80.78M

More historic net asset information on SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX)

  

SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) Portfolio Allocation

Track portfolio allocation change of SEI Tax-Exempt NJ Municipal Bond A fund (SENJX)

Date	Cash	Stock	Bond	Other
08/2009	1.12%	0%	96.23%	2.66%
12/2008	11.22%	0%	88.78%	0%
09/2008	1.41%	0%	98.59%	0%

Click here to see more historic asset allocation information on SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX)

  

Most Recent Top 10 Holdings in SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX)

Discover what SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX) manager is buying

31-Aug-09 New Jersey State, Transportation Administration, F [4.86%] New Jersey State, Transportation Trust Fund, Trans [4.52%] New Jersey State, Transportation Trust Fund, Trans [4.52%] New York & New Jersey, Port Authority, One Hundred [4.42%] New Jersey State, Casino Reinvestment Development [4.15%] New Jersey State, Educational Facilities Authority [3.83%] Callable 07/01/18 100 5.000% [3.75%] New Jersey State, Transportation Trust Fund, Trans [3.24%] New Jersey State, Economic Development Authority, [2.83%] Sei Tax Exempt Trust, Institutional Tax Free Fund, [2.66%]

31-Dec-08 New Jersey St Tran 5.5% [4.13%] New Jersey St Transn Tr Fd Aut Tra 5.25% [3.84%] New Jersey St Transn Tr Fd Aut Tran 5.5% [3.71%] PORT AUTH N Y & N J CONSOLIDA [3.56%] Casino Reinvestment Dev Auth 5% [3.49%] New Jersey St Edl Facs Auth 5% [3.16%] New Jersey St Edl Facs Auth 5% [3.05%] New Jersey St Transn Tr Fd Aut Rev Bd 5% [2.75%] New Jersey Econ Dev Auth 5% [2.43%] New Jersey Econ Dev Auth 5.25% [2.38%]

30-Sep-08 New Jersey St Tran 5.5% [3.09%] New Jersey Econ Dev Auth 5% [2.9%] NEW JERSEY ST TRANSN TR FD AUT TRANSN SY [2.76%] New Jersey St Transn Tr Fd Aut Tran 5.5% [2.76%] Port Auth 5% [2.65%] Casino Reinvestment Dev Auth 5% [2.6%] New Jersey St Transn Tr Fd Aut Tra 5.25% [2.29%] New Jersey St Edl Facs Auth 5% [2.28%] New Jersey St Transn Tr Fd Aut Tran 5.5% [2.25%] Puerto Rico Comwlth Pub Impt 5.5% [2.17%]

Click here for Stock Holding Change Map in SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX)

  

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Latest News on SEI Tax-Exempt NJ Municipal Bond A (SENJX)

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Books and Resources

 

 

See more information on SEI Tax-Exempt NJ Municipal Bond A Fund (SENJX)

• SEI Tax-Exempt NJ Municipal Bond A Fund Insights
• SEI Tax-Exempt NJ Municipal Bond A Fund Performance Data
• SEI Tax-Exempt NJ Municipal Bond A Fund News
• SEI Tax-Exempt NJ Municipal Bond A Fund Score Explaination
• SEI Tax-Exempt NJ Municipal Bond A Fund Manager Information
• Historic SEI Tax-Exempt NJ Municipal Bond A Fund Asset Allocation Report
• Historic SEI Tax-Exempt NJ Municipal Bond A Fund Top 10 Holding Tracking
• Historic SEI Tax-Exempt NJ Municipal Bond A Fund Asset Under Management Tracking