SCYYX

About SCYYX

SEI Tax Exempt Trust California Municipal Bond Fund Class Y is an open-end municipal bond mutual fund focused on generating tax-exempt income for California residents. The fund seeks the highest level of current income exempt from federal and California state income taxes while emphasizing preservation of capital. It normally invests at least 80% of assets in investment-grade California municipal securities, including general obligation and revenue bonds, notes, and commercial paper, and operates as a non-diversified portfolio. Positioned in the Muni California Intermediate category, it targets an intermediate duration profile suited to state-specific tax-exempt income needs. The strategy distributes income monthly and has historically held a broad lineup of California issuers across sectors such as state general obligations, local school districts, utilities, transportation, and specialized authorities. Managed within the SEI fund family, the share class is designed for institutional-caliber investors, featuring a higher minimum initial investment and an expense structure aligned with active credit selection in the California municipal market.