SEI Tax Exempt Trust Massachusetts Municipal Bond Fund Class F is an open-end municipal bond fund focused on tax-exempt income for Massachusetts residents. The fund seeks a high level of current income exempt from federal and Massachusetts state income taxes while emphasizing capital preservation, investing primarily in investment-grade municipal securities issued by Massachusetts state and local entities and related authorities. Positioned within the Muni Massachusetts category, it typically maintains at least 80% of assets in Massachusetts municipal debt, aligning its portfolio with state-specific tax advantages and credit dynamics. The strategy is multi-manager, drawing on specialist sub-advisers to diversify issuer exposure, structures, and maturities across general obligation and revenue bonds tied to sectors such as education, transportation, healthcare, and essential services. Its role in the market is to provide targeted, state-specific tax efficiency and core municipal exposure for investors seeking steady, tax-advantaged income with a Massachusetts focus, benchmarked against broad municipal indexes and peer state funds to contextualize performance and risk characteristics.
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