SEPAX — Pennsylvania Municipal Bond Fund
Data updated: 2026-07-29
SEPAX — Pennsylvania Municipal Bond Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Municipal - National Bond · $138.32M AUM · 0.84% expense ratio · 5.1% 1-yr return. From SEC regulatory filings.
SEPAX Fund Overview
SEPAX — Pennsylvania Municipal Bond Fund is a US mutual fund managed by Sei Tax Exempt Trust, categorised as Intermediate Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Sei Tax Exempt Trust
- Category: Intermediate Municipal - National Bond
- Assets under management: $138.32M
- 1-year return: 5.1%
- Ticker: SEPAX
- SEC CIK: 0000701817
- SEC series ID: S000006431
- Share class ID: C000017626
SEPAX Holdings
Top 10 holdings of Pennsylvania Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Philadelphia Pa Auth For Indl Dev Hosp Rev | 3.87% |
| Pennsylvania Higher Ed Assistance Agy Ed Ln Rev | 3.65% |
| Pennsylvania St | 2.57% |
| Pennsylvania St | 2.10% |
| Philadelphia Pa Wtr & Wastewtr Rev | 2.07% |
| Philadelphia Pa Hsg Auth Gtd Rev | 2.00% |
| Adams Cnty Pa Gen Auth Rev | 1.97% |
| Commonwealth Fing Auth Pa Tob Master Settlement Pmt Rev | 1.89% |
| Allegheny Cnty Pa Hosp Dev Auth Rev | 1.87% |
| Philadelphia Pa Wtr & Wastewtr Rev | 1.79% |
SEPAX Portfolio Allocation
Asset-class allocation of Pennsylvania Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.5% |
| Cash & Equivalents | 6.7% |
SEPAX Performance
Total returns for SEPAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.3% |
| 1 year | 5.1% |
| 3 years (annualised) | 3.7% |
| 5 years (annualised) | 0.9% |
SEPAX Risk Information
Risk metrics for SEPAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.3%
SEPAX Costs and Fees
SEPAX costs about $84 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.84%
- Gross expense ratio: 0.84%
- Portfolio turnover: 18%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
SEPAX Cashflows
Over the 12 months to 2026-02, Pennsylvania Municipal Bond Fund had net outflows of $10.63M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$604.47K |
| 2026-01 | $975.83K |
| 2025-12 | $309.66K |
| 2025-11 | −$1.99M |
| 2025-10 | −$1.45M |
| 2025-09 | −$1.01M |
SEPAX Debt Constituents
Largest debt holdings of Pennsylvania Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Philadelphia Pa Auth For Indl Dev Hosp Rev | 3.87% |
| Pennsylvania Higher Ed Assistance Agy Ed Ln Rev | 3.65% |
| Pennsylvania St | 2.57% |
| Pennsylvania St | 2.10% |
| Philadelphia Pa Wtr & Wastewtr Rev | 2.07% |
| Philadelphia Pa Hsg Auth Gtd Rev | 2.00% |
| Adams Cnty Pa Gen Auth Rev | 1.97% |
| Commonwealth Fing Auth Pa Tob Master Settlement Pmt Rev | 1.89% |
| Allegheny Cnty Pa Hosp Dev Auth Rev | 1.87% |
| Philadelphia Pa Wtr & Wastewtr Rev | 1.79% |
SEPAX Prospectus and SEC Filings
Official Pennsylvania Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.