Tax Advantaged Income Fund Class Y

The SEI Tax-Advantaged Income Fund Class Y (STAYX) is an open-end mutual fund managed by SEI Investments, listed on NASDAQ, that seeks to provide the highest level of income possible in a tax-efficient manner. The fund normally invests at least 50% of its net assets in investment-grade municipal securities, such as bonds, that pay interest exempt from federal income tax, including the alternative minimum tax, with principal issuers being state and local governments and their agencies across the fifty U.S. states, Puerto Rico, and other U.S. territories. With a market capitalization of approximately $840 million and a trailing twelve-month dividend yield of approximately 4.77–4.92%, the fund primarily holds bonds (approximately 95% of net assets), making it a fixed-income-focused vehicle categorized within the High Yield Municipal Debt and National Municipal Debt peer groups. Launched on April 30, 2015, and managed by a seasoned team of portfolio managers, STAYX carries a net expense ratio of 0.61% and requires a minimum initial investment of $1,000,000, making it primarily suited for institutional investors seeking tax-advantaged income.