SUMAX — Short Duration Municipal Fund
Data updated: 2026-07-29
SUMAX — Short Duration Municipal Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Municipal - National Bond · $724.36M AUM · 0.82% expense ratio · 3.2% 1-yr return. From SEC regulatory filings.
SUMAX Fund Overview
SUMAX — Short Duration Municipal 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: $724.36M
- 1-year return: 3.2%
- Ticker: SUMAX
- SEC CIK: 0000701817
- SEC series ID: S000006430
- Share class ID: C000017624
SUMAX Holdings
Top 10 holdings of Short Duration Municipal Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Kentucky, Inc. Ky Pub Energy Auth Gas Suplly Rev | 2.48% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 1.63% |
| Andover Kans | 1.42% |
| Lawrence Kans | 1.33% |
| Dallas Tex Hsg Fin Corp. Multifamily Hsg Rev | 1.21% |
| Tennergy Corp. Tenn Gas Rev | 1.09% |
| Alachua Cnty Fla Hsg Fin Auth Multifamily Rev | 1.00% |
| Salt Verde Finl Corp. Gas Rev Ariz | 0.99% |
| Southeast Energy Auth Coop Dist Ala Energy Supply Rev | 0.98% |
| Metrowest Regl Tran Auth Mass | 0.94% |
SUMAX Portfolio Allocation
Asset-class allocation of Short Duration Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.0% |
SUMAX Performance
Total returns for SUMAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.7% |
| 1 year | 3.2% |
| 3 years (annualised) | 3.3% |
| 5 years (annualised) | 1.7% |
SUMAX Risk Information
Risk metrics for SUMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.0%
SUMAX Costs and Fees
SUMAX costs about $82 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.82%
- Gross expense ratio: 0.82%
- Portfolio turnover: 31%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
SUMAX Cashflows
Over the 12 months to 2026-02, Short Duration Municipal Fund had net outflows of $103.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$9.71M |
| 2026-01 | −$4.10M |
| 2025-12 | −$2.11M |
| 2025-11 | −$8.24M |
| 2025-10 | −$4.24M |
| 2025-09 | −$4.47M |
SUMAX Debt Constituents
Largest debt holdings of Short Duration Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Kentucky, Inc. Ky Pub Energy Auth Gas Suplly Rev | 2.48% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 1.63% |
| Andover Kans | 1.42% |
| Lawrence Kans | 1.33% |
| Dallas Tex Hsg Fin Corp. Multifamily Hsg Rev | 1.21% |
| Tennergy Corp. Tenn Gas Rev | 1.09% |
| Alachua Cnty Fla Hsg Fin Auth Multifamily Rev | 1.00% |
| Salt Verde Finl Corp. Gas Rev Ariz | 0.99% |
| Southeast Energy Auth Coop Dist Ala Energy Supply Rev | 0.98% |
| Metrowest Regl Tran Auth Mass | 0.94% |
SUMAX Prospectus and SEC Filings
Official Short Duration Municipal 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.