SENJX

About SENJX

SEI Tax Exempt Trust New Jersey Municipal Bond Fund Class F is an open-end municipal bond mutual fund focused on generating current income that is exempt from federal and New Jersey state income taxes. The fund invests at least 80% of assets in investment‑grade municipal securities issued by New Jersey state and local entities, as well as certain U.S. territories, aligning with the Muni New Jersey category’s mandate. Managed by SEI Investments Management Corporation since its 1998 inception, it distributes dividends monthly and targets preservation of capital while pursuing tax‑exempt income. The portfolio typically holds bonds across transportation, education, healthcare, and general obligation issuers, reflecting core sectors of New Jersey’s public finance market. As an institutional share class, it features a high minimum initial investment and an expense profile competitive within its peer group. The fund’s role in the market is to provide state‑specific tax‑advantaged income and diversified exposure to New Jersey municipal credit, with intermediate interest‑rate sensitivity consistent with its category. This positioning makes it a specialized vehicle for investors seeking New Jersey tax-exempt fixed income allocation within diversified portfolios.