STET NEW JERSEY MUNICIPAL BOND FUND
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.1%
1 yr return
1.0%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
0.7%
Net Assets
$94.9 M
Holdings in Top 10
29.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 6.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SNJYX - Profile
Distributions
- YTD Total Return -1.1%
- 3 Yr Annualized Total Return -1.0%
- 5 Yr Annualized Total Return 0.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.89%
- Dividend Yield 2.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSTET NEW JERSEY MUNICIPAL BOND FUND
-
Fund Family NameSEI Funds
-
Inception DateAug 18, 1998
-
Shares Outstanding106565
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRichard Bamford
Fund Description
The New Jersey Municipal Bond Fund will invest, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade municipal securities that pay interest that is exempt from federal and New Jersey state income taxes, including, but not limited to, municipal bonds, notes and commercial paper. 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 Fund uses a sub-adviser (the Sub-Adviser) to manage the Fund's portfolio under the general supervision of SEI Investments Management Corporation, the Fund's adviser (SIMC or the Adviser). The Sub-Adviser selects securities based on its view on the future direction of interest rates and the shape of the yield curve, as well as its views on credit quality and sector allocation issues. Where possible, the Sub-Adviser will attempt to acquire securities that are underpriced relative to other eligible securities. The Sub-Adviser will strive to maintain an average weighted portfolio maturity of three to ten years. The Fund may, to a limited extent, invest in securities subject to the alternative minimum tax or in debt securities subject to federal and New Jersey state income taxes. The Fund may also invest in municipal securities rated below investment grade (junk bonds).
SNJYX - Performance
Return Ranking - Trailing
Period | SNJYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.1% | -4.9% | 8.8% | 83.30% |
1 Yr | 1.0% | -4.9% | 29.7% | 88.30% |
3 Yr | -1.0%* | -11.4% | 2.5% | 38.13% |
5 Yr | 0.7%* | -6.4% | 1101.3% | 52.78% |
10 Yr | N/A* | -0.5% | 248.1% | 77.46% |
* Annualized
Return Ranking - Calendar
Period | SNJYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -1.4% | 41.0% | 66.32% |
2022 | -7.5% | -39.7% | 0.3% | 16.75% |
2021 | -1.8% | -5.6% | 6.9% | 95.29% |
2020 | 1.7% | -2.6% | 310.0% | 50.85% |
2019 | 3.3% | 0.0% | 26.0% | 68.87% |
Total Return Ranking - Trailing
Period | SNJYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.1% | -4.9% | 8.8% | 83.30% |
1 Yr | 1.0% | -4.9% | 29.7% | 88.30% |
3 Yr | -1.0%* | -11.4% | 2.5% | 38.13% |
5 Yr | 0.7%* | -6.4% | 1101.3% | 52.78% |
10 Yr | N/A* | -0.5% | 248.1% | 73.91% |
* Annualized
Total Return Ranking - Calendar
Period | SNJYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.6% | -1.3% | 41.0% | 72.90% |
2022 | -5.6% | -39.7% | 1.1% | 16.09% |
2021 | 0.1% | -4.8% | 23761504.0% | 84.20% |
2020 | 4.0% | -1.5% | 17057.9% | 42.43% |
2019 | 5.7% | 0.2% | 3514.6% | 69.57% |
NAV & Total Return History
SNJYX - Holdings
Concentration Analysis
SNJYX | Category Low | Category High | SNJYX % Rank | |
---|---|---|---|---|
Net Assets | 94.9 M | 3.22 M | 71.9 B | 86.41% |
Number of Holdings | 79 | 2 | 13067 | 93.18% |
Net Assets in Top 10 | 27.2 M | -317 M | 3.56 B | 81.35% |
Weighting of Top 10 | 29.15% | 2.0% | 100.2% | 11.90% |
Top 10 Holdings
- PORT AUTH OF NEW YORK NEW JE PORT AUTHORITY OF NEW YORK NEW JERSEY 4.37%
- NEW JERSEY ST TRANSPRTN TRUST NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY 3.92%
- NEW JERSEY ST TRANSPRTN TRUST NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY 3.06%
- NEW JERSEY ST HGR EDU ASSISTAN NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUT 2.84%
- PORT AUTH OF NEW YORK NEW JE PORT AUTHORITY OF NEW YORK NEW JERSEY 2.81%
- PORT AUTH OF NEW YORK NEW JE PORT AUTHORITY OF NEW YORK NEW JERSEY 2.58%
- NEW JERSEY ST EDUCTNL FACS AUT NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 2.53%
- BERGEN CNTY NJ IMPT AUTH GOVTL BERGEN COUNTY IMPROVEMENT AUTHORITY/THE 2.39%
- NEW JERSEY ST STATE OF NEW JERSEY 2.33%
- NEW JERSEY ST TRANSPRTN TRUST NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY 2.32%
Asset Allocation
Weighting | Return Low | Return High | SNJYX % Rank | |
---|---|---|---|---|
Bonds | 97.13% | 0.00% | 150.86% | 73.70% |
Cash | 2.87% | -50.86% | 46.80% | 22.16% |
Stocks | 0.00% | 0.00% | 99.81% | 15.84% |
Preferred Stocks | 0.00% | 0.00% | 0.10% | 4.87% |
Other | 0.00% | -3.18% | 23.38% | 15.07% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 4.89% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SNJYX % Rank | |
---|---|---|---|---|
Municipal | 98.36% | 44.39% | 100.00% | 50.10% |
Cash & Equivalents | 2.19% | 0.00% | 46.24% | 20.34% |
Derivative | 0.00% | -3.18% | 23.38% | 30.54% |
Securitized | 0.00% | 0.00% | 5.93% | 30.01% |
Corporate | 0.00% | 0.00% | 9.41% | 23.94% |
Government | 0.00% | 0.00% | 52.02% | 11.94% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SNJYX % Rank | |
---|---|---|---|---|
US | 97.13% | 0.00% | 142.23% | 69.79% |
Non US | 0.00% | 0.00% | 23.89% | 13.84% |
SNJYX - Expenses
Operational Fees
SNJYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.57% | 0.01% | 20.65% | 70.92% |
Management Fee | 0.33% | 0.00% | 1.20% | 20.06% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.20% | 0.01% | 0.44% | 87.35% |
Sales Fees
SNJYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
SNJYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SNJYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 6.00% | 0.00% | 283.00% | 7.42% |
SNJYX - Distributions
Dividend Yield Analysis
SNJYX | Category Low | Category High | SNJYX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.13% | 0.00% | 14.60% | 88.25% |
Dividend Distribution Analysis
SNJYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
SNJYX | Category Low | Category High | SNJYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.89% | -0.53% | 5.33% | 52.73% |
Capital Gain Distribution Analysis
SNJYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.018 | DailyAccrualFund |
Mar 01, 2024 | $0.017 | DailyAccrualFund |
Feb 01, 2024 | $0.019 | DailyAccrualFund |
Jan 02, 2024 | $0.017 | DailyAccrualFund |
Dec 01, 2023 | $0.017 | DailyAccrualFund |
Nov 01, 2023 | $0.018 | DailyAccrualFund |
Oct 02, 2023 | $0.017 | DailyAccrualFund |
Sep 01, 2023 | $0.014 | DailyAccrualFund |
Aug 01, 2023 | $0.018 | DailyAccrualFund |
Jul 03, 2023 | $0.018 | DailyAccrualFund |
Jun 01, 2023 | $0.018 | DailyAccrualFund |
May 01, 2023 | $0.017 | DailyAccrualFund |
Apr 03, 2023 | $0.017 | DailyAccrualFund |
Mar 01, 2023 | $0.016 | DailyAccrualFund |
Feb 01, 2023 | $0.017 | DailyAccrualFund |
Jan 03, 2023 | $0.018 | DailyAccrualFund |
Dec 01, 2022 | $0.016 | DailyAccrualFund |
Nov 01, 2022 | $0.016 | DailyAccrualFund |
Oct 03, 2022 | $0.015 | DailyAccrualFund |
Sep 01, 2022 | $0.016 | DailyAccrualFund |
Aug 01, 2022 | $0.015 | DailyAccrualFund |
Jul 01, 2022 | $0.016 | DailyAccrualFund |
Jun 01, 2022 | $0.016 | DailyAccrualFund |
May 02, 2022 | $0.015 | DailyAccrualFund |
Apr 01, 2022 | $0.015 | DailyAccrualFund |
Feb 01, 2022 | $0.015 | DailyAccrualFund |
Jan 03, 2022 | $0.016 | DailyAccrualFund |
Dec 01, 2021 | $0.016 | DailyAccrualFund |
Nov 01, 2021 | $0.015 | DailyAccrualFund |
Oct 01, 2021 | $0.015 | DailyAccrualFund |
Sep 01, 2021 | $0.017 | DailyAccrualFund |
Aug 02, 2021 | $0.015 | DailyAccrualFund |
Jun 30, 2021 | $0.016 | DailyAccrualFund |
May 28, 2021 | $0.017 | DailyAccrualFund |
Apr 30, 2021 | $0.016 | DailyAccrualFund |
Mar 31, 2021 | $0.018 | DailyAccrualFund |
Mar 01, 2021 | $0.015 | DailyAccrualFund |
Feb 01, 2021 | $0.011 | DailyAccrualFund |
Dec 31, 2020 | $0.018 | DailyAccrualFund |
Nov 30, 2020 | $0.018 | DailyAccrualFund |
Oct 30, 2020 | $0.018 | DailyAccrualFund |
Sep 30, 2020 | $0.018 | DailyAccrualFund |
Aug 31, 2020 | $0.018 | DailyAccrualFund |
Jul 31, 2020 | $0.018 | DailyAccrualFund |
Jun 30, 2020 | $0.018 | DailyAccrualFund |
Jun 01, 2020 | $0.018 | DailyAccrualFund |
May 01, 2020 | $0.018 | DailyAccrualFund |
Apr 01, 2020 | $0.018 | DailyAccrualFund |
Mar 02, 2020 | $0.018 | DailyAccrualFund |
Feb 03, 2020 | $0.019 | DailyAccrualFund |
Jan 02, 2020 | $0.018 | DailyAccrualFund |
Dec 02, 2019 | $0.018 | DailyAccrualFund |
Nov 01, 2019 | $0.018 | DailyAccrualFund |
Oct 01, 2019 | $0.018 | DailyAccrualFund |
Sep 03, 2019 | $0.019 | DailyAccrualFund |
Aug 01, 2019 | $0.018 | DailyAccrualFund |
Jul 01, 2019 | $0.019 | OrdinaryDividend |
Jun 03, 2019 | $0.019 | DailyAccrualFund |
May 01, 2019 | $0.019 | DailyAccrualFund |
Apr 01, 2019 | $0.018 | DailyAccrualFund |
Mar 01, 2019 | $0.018 | DailyAccrualFund |
Feb 01, 2019 | $0.019 | DailyAccrualFund |
Jan 02, 2019 | $0.019 | DailyAccrualFund |
Dec 03, 2018 | $0.018 | DailyAccrualFund |
Nov 01, 2018 | $0.018 | DailyAccrualFund |
Oct 01, 2018 | $0.019 | DailyAccrualFund |
Sep 04, 2018 | $0.019 | DailyAccrualFund |
Aug 01, 2018 | $0.018 | DailyAccrualFund |
Jul 02, 2018 | $0.019 | DailyAccrualFund |
Jun 01, 2018 | $0.019 | DailyAccrualFund |
May 01, 2018 | $0.018 | DailyAccrualFund |
Apr 02, 2018 | $0.018 | DailyAccrualFund |
Mar 01, 2018 | $0.017 | DailyAccrualFund |
Feb 01, 2018 | $0.019 | DailyAccrualFund |
Jan 02, 2018 | $0.018 | DailyAccrualFund |
Dec 01, 2017 | $0.018 | DailyAccrualFund |
Nov 01, 2017 | $0.018 | DailyAccrualFund |
Aug 01, 2017 | $0.019 | DailyAccrualFund |
Jul 03, 2017 | $0.019 | DailyAccrualFund |
Jun 01, 2017 | $0.019 | DailyAccrualFund |
May 01, 2017 | $0.019 | DailyAccrualFund |
Mar 01, 2017 | $0.018 | DailyAccrualFund |
Dec 01, 2016 | $0.018 | DailyAccrualFund |
Nov 01, 2016 | $0.019 | DailyAccrualFund |
Sep 01, 2016 | $0.020 | DailyAccrualFund |
Aug 01, 2016 | $0.020 | DailyAccrualFund |
Jul 01, 2016 | $0.020 | DailyAccrualFund |
Jun 01, 2016 | $0.020 | DailyAccrualFund |
May 02, 2016 | $0.020 | DailyAccrualFund |
Apr 01, 2016 | $0.019 | DailyAccrualFund |
Feb 01, 2016 | $0.020 | DailyAccrualFund |
Jan 04, 2016 | $0.019 | DailyAccrualFund |
Dec 01, 2015 | $0.017 | DailyAccrualFund |
SNJYX - Fund Manager Analysis
Managers
Richard Bamford
Start Date
Tenure
Tenure Rank
Dec 31, 1999
22.43
22.4%
Richard A. Bamford serves as a Portfolio Manager for the Fixed Income Team within SIMC's Investment Management Unit. Mr. Bamford is responsible for investment grade debt and municipal bond portfolios. Mr. Bamford's duties include manager analysis and selection, strategy development and enhancement as well as investment research. Mr. Bamford has over 20 years of investment experience in investment management. Prior to joining SEI in 1999, Mr. Bamford worked as a Municipal Credit Analyst for Vanguard. Mr. Bamford received a Bachelor of Science in Economics/Finance and Accounting from the University of Scranton and an M.B.A. with a concentration in Finance from St. Joseph's University.
Jeffrey Burger
Start Date
Tenure
Tenure Rank
Dec 20, 2013
8.45
8.5%
Jeffrey Burger, CFA Director, Senior Portfolio Manager Jeffrey is a senior portfolio manager for US Municipal Bond strategies. He is responsible for managing US Municipal Bond strategies for institutional, high net worth and mutual fund clients. Previously, he served as a senior analyst for the firm, specializing in land-secured and special tax bonds. Prior to joining the firm in 2009, Jeffrey worked at Columbia Management as a portfolio manager and senior research analyst and at Fitch Ratings as a senior-level analyst. He is a former chairman and member of the executive committee and board of governors for the National Federation of Municipal Analysts. He is also a former president of the Boston Municipal Analysts Forum. Jeffrey has been in the investment industry since 1998. Jeffrey earned an MPA from the Maxwell School of Citizenship and Public Affairs at Syracuse University and a BA degree, cum laude, in policy studies and public relations from Syracuse University. He holds the CFA® designation and is a member of the CFA Institute.
Daniel Barton
Start Date
Tenure
Tenure Rank
Dec 20, 2013
8.45
8.5%
Daniel Barton, CFA and Jeffrey Burger, CFA are the fund's primary portfolio managers, positions they have held since December 2009 and March 2012, respectively. Messrs. Barton and Burger are jointly and primarily responsible for managing the fund's portfolio. Mr. Barton is a director and head of research for tax sensitive strategies at Mellon Investments Corporation. He has been employed by Mellon or a predecessor company of Mellon since 2005, and by BNYM Investment Adviser since December 2009. Mr. Burger is a director and senior portfolio manager for tax sensitive strategies at Mellon. He has been employed by Mellon or a predecessor company of Mellon since July 2009, and by BNYM Investment Adviser since December 2009. Messrs. Barton and Burger manage the fund in their capacity as employees of BNYM Investment Adviser and also manage certain other municipal bond funds advised by BNYM Investment Adviser
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |