SMSYX

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.