SEI Massachusetts Municipal Bd Y (STET) (SMSYX)
| Fund Assets | 60.03M |
| Expense Ratio | 0.59% |
| Min. Investment | $100,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 2.21% |
| Dividend Growth | 17.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.25 |
| YTD Return | 0.43% |
| 1-Year Return | 4.17% |
| 5-Year Return | 1.23% |
| 52-Week Low | 0.01 |
| 52-Week High | 10.48 |
| Beta (5Y) | 0.05 |
| Holdings | 73 |
| Inception Date | Oct 30, 2015 |
About SMSYX
SEI Massachusetts Municipal Bond Fund Class Y is a mutual fund focused on municipal fixed income securities. Its primary objective is to provide investors with a high level of current income that is exempt from both federal and Massachusetts state income taxes, while also aiming to preserve capital. The fund invests at least 80% of its net assets in investment-grade municipal bonds issued by the state of Massachusetts, its local governments, and related agencies. By emphasizing securities with favorable credit ratings, the fund focuses on the financial stability of issuers and the reliability of tax-advantaged income streams. This asset plays a significant role for individuals and institutions seeking tax-efficient income solutions, particularly those with a Massachusetts tax liability. Its diversified approach to Massachusetts municipal credit helps support infrastructure, education, and public services within the state, while offering investors potential risk mitigation through municipal bond investments known for their historically lower default rates compared to other fixed income assets.
Performance
SMSYX had a total return of 4.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.48%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| SMAAX | - Class F, Effective 1-31-2017 (formerly Class A) | 0.84% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.0175 | Jun 30, 2026 |
| May 29, 2026 | $0.022 | May 29, 2026 |
| Apr 30, 2026 | $0.0194 | Apr 30, 2026 |
| Mar 31, 2026 | $0.0182 | Mar 31, 2026 |
| Feb 27, 2026 | $0.0172 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0204 | Jan 30, 2026 |