SEI Tax Exempt Trust California Municipal Bond Fund Class F (SBDAX)

Fund Assets	208.31M
Expense Ratio	0.82%
Min. Investment	$100,000
Turnover	28.00%
Dividend (ttm)	0.24
Dividend Yield	2.43%
Dividend Growth	13.41%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.87
YTD Return	-2.93%
1-Year Return	-2.02%
5-Year Return	-1.04%
52-Week Low	9.69
52-Week High	10.59
Beta (5Y)	0.23
Holdings	137
Inception Date	Aug 19, 1998

About SBDAX

SEI Tax Exempt Trust California Municipal Bond Fund Class F is a mutual fund that predominantly invests in municipal debt securities issued by California state and local governments. Its primary purpose is to provide investors with a high level of current income that is exempt from both federal and California state income taxes, aligning with strategies for tax-efficient income generation. The fund mainly targets intermediate-term California municipal bonds, emphasizing capital preservation while offering potential for modest long-term growth. It has a portfolio characterized by diversified holdings within the municipal bond sector, with notable allocations to various California state and local government projects, such as education, infrastructure, and utilities. The fund’s assets are actively managed by a team employing a multi-manager approach to foster risk diversification. This financial asset is of particular significance for California residents seeking tax-exempt income and plays a specialized role in municipal finance by supporting state and local development initiatives through its investment focus. The fund’s effective duration and credit quality metrics place it within the intermediate municipal bond category, balancing yield potential against interest rate sensitivity.

• Fund Family: SEI
• Category: Muni California Intermediate
• Performance Rating: Low
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SBDAX
• Share Class: - Class F, Effective 1-31-2017 (formerly Class A)
• Index: Bloomberg Muni M.F. CA Intermediate TR

Performance

SBDAX had a total return of -2.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.84%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VCADX	Vanguard	Vanguard CA Interm-Term Tax-Exempt Adm	0.09%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SCYYX	- Class Y	0.57%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.0214	Sep 30, 2026
Aug 31, 2026	$0.0216	Aug 31, 2026
Jul 31, 2026	$0.0215	Jul 31, 2026
Jun 30, 2026	$0.0205	Jun 30, 2026
May 29, 2026	$0.0203	May 29, 2026
Apr 30, 2026	$0.0198	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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