Mutual Fund Insights: SEI Tax-Exempt Short Duration Muni A Fund (SUMAX)

In-depth Analysis of SEI Tax-Exempt Short Duration Muni A Fund (SUMAX)

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See SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) performance details as of January 31, 2010

  

Last Trade: $10.12 on 3/11/2010, Change: 0.00 (0%)

  

Fund Manager - Janet A. Fiorenza

Fund Manager Tenure: 1.6 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Fiorenza is a vice president at Neuberger Berman Management Inc. and a managing director of Neuberger Berman, LLC and Lehman Brothers Asset Management LLC. Prior to joining NBMI in 2005, Fiorenza was co-head of Municipal Securities at Weiss, Peck & Greer Investments, where she worked since 1988.  Get more insights on Janet A. Fiorenza

  

 What we like about SEI Tax-Exempt Short Duration Muni A Fund (SUMAX)

Data for SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) as of January 31, 2010

• SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) has good mid-term performance (3-year return 3.72% vs 3.49% Muni National Short category average)
• SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) has good Long-term performance (5-year return 3.09% vs 2.92% Muni National Short category average)
• SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) ratio of up-years vs down years is greater than 2
• SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) is less volatile than its peers as it has a 3-year Standard Deviation of 1.13, lower than category average of 2.59
• SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) 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 Short Duration Muni A Fund (SUMAX)

Data for SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) as of January 31, 2010

• SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) management has been with SEI Tax-Exempt Short Duration Muni A Fund for only 1.6 years, it is hard to judge manager's ability based on this fund's operation record
• SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) has a less-than-ideal short-term performance (1-year return 2.73% vs 4.08% Muni National Short category average)
• SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) has a Morningstar rating of 3 and below
• SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) has an annual stock turnover rate of 68.00% that is higher than the Muni National Short average of 47.27%. This could mean SEI Tax-Exempt Short Duration Muni A is more nimble, but also signal potential high tax impact and high trading fees
• SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) has a higher management fee of 0.86% than its Muni National Short average of 0.83%

See SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) performance details as of January 31, 2010

  

  

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SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) Net Asset

Track net asset change of SEI Tax-Exempt Short Duration Muni A fund (SUMAX)

Date	Net Asset
01/2010	$498.43M
11/2009	$475.20M
10/2009	$460.40M

More historic net asset information on SEI Tax-Exempt Short Duration Muni A Fund (SUMAX)

  

SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) Portfolio Allocation

Track portfolio allocation change of SEI Tax-Exempt Short Duration Muni A fund (SUMAX)

Date	Cash	Stock	Bond	Other
08/2009	46.02%	0%	53.97%	0.01%
12/2008	9.34%	0%	90.66%	0%
09/2008	14.41%	0%	85.59%	0%

Click here to see more historic asset allocation information on SEI Tax-Exempt Short Duration Muni A Fund (SUMAX)

  

Most Recent Top 10 Holdings in SEI Tax-Exempt Short Duration Muni A Fund (SUMAX)

Discover what SEI Tax-Exempt Short Duration Muni A Fund (SUMAX) manager is buying

31-Aug-09 Hendersonville Industrial Development Board, Ser A [1.62%] Vermont Educational& Health Buildings Financing Ag [1.5%] Sulphur Springs, Union School District, Cop, Ambac [1.47%] New York City, Ser E, Go 5.000% [1.46%] Zionsville, Sewer Works Authority, Ban Callable 09 [1.32%] Florida State, Rural Utilities Financing Commissio [1.25%] Florida State, Education System, Ser A, Rb, Ambac [1.22%] Harris County, Hospital District, Rb, Mbia Pre-Ref [1.19%] County Of Pima Arizona, Cop 4.000% [1.18%] Georgia State, Municipal Electric Authority, Ser A [1.12%]

31-Dec-08 New Jersey St Tran 6% [2.97%] INTERMOUNTAIN PWR AGY UTAH PWR VAR REV B [2.59%] California Statewide Cmntys De Mult 6.5% [2.1%] Huntley Ill Spl Svc Area No 10 G.O. 6.5% [1.98%] ALEXANDRIA VA INDL DEV AUTH RE INDL REV [1.86%] New York N Y Go Bds 5% [1.81%] Scott Cnty Minn Go Grant 3.75% [1.7%] Zionsville Ind Sew Wks Rev Bd Anti 4.25% [1.67%] INDIANA ST FIN AUTH REV REV BDS [1.61%] FLORIDA RURAL UTIL FING COMMN REVENUE N [1.59%]

30-Sep-08 New Jersey St Tran 6% [2.97%] INTERMOUNTAIN PWR AGY UTAH PWR VAR REV B [2.59%] California Statewide Cmntys De Mult 6.5% [2.1%] Huntley Ill Spl Svc Area No 10 G.O. 6.5% [1.98%] ALEXANDRIA VA INDL DEV AUTH RE INDL REV [1.86%] New York N Y Go Bds 5% [1.81%] Scott Cnty Minn Go Grant 3.75% [1.7%] Zionsville Ind Sew Wks Rev Bd Anti 4.25% [1.67%] INDIANA ST FIN AUTH REV REV BDS [1.61%] FLORIDA RURAL UTIL FING COMMN REVENUE N [1.59%]

Click here for Stock Holding Change Map in SEI Tax-Exempt Short Duration Muni A Fund (SUMAX)

  

Related books and products to SEI Tax-Exempt Short Duration Muni A Fund (SUMAX)

  

Latest News on SEI Tax-Exempt Short Duration Muni A (SUMAX)

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Books and Resources

 

 

See more information on SEI Tax-Exempt Short Duration Muni A Fund (SUMAX)

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