SNJYX

About SNJYX

SEI New Jersey Municipal Bond Fund Y is an actively managed municipal bond mutual fund focused on generating federally tax‑exempt income by investing primarily in debt issued by New Jersey state and local entities. Under normal conditions, the strategy commits at least 80% of net assets to municipal securities whose interest is exempt from federal income tax, with an emphasis on revenue and general obligation bonds tied to public finance projects such as transportation, education, utilities, and healthcare infrastructure. The fund holds a diversified basket of New Jersey municipal issuers, seeking to balance income with credit quality and interest‑rate risk management across maturities. It is designed for investors looking to align fixed‑income exposure with New Jersey municipal markets, potentially benefiting those in higher federal tax brackets given the fund’s tax‑exempt mandate. Portfolio construction and risk controls reflect ongoing assessment of issuer fundamentals and yield curve positioning within the state’s municipal landscape, supported by SEI’s manager‑of‑managers approach to security selection and diversification. Morningstar coverage provides additional context on yield characteristics and comparative positioning within the municipal national short/intermediate peer set.