Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
STET CALIFORNIA MUNICIPAL BOND FUND
mutual fund
SCYYX
Payout Change
Pending
Price as of:
$10.11
+0.0
+0.0%
primary theme
Municipal Bond
share class
SCYYX (Mutual Fund)
STET CALIFORNIA MUNICIPAL BOND FUND
Payout Change
Pending
Price as of:
$10.11
+0.0
+0.0%
primary theme
Municipal Bond
share class
SCYYX (Mutual Fund)
STET CALIFORNIA MUNICIPAL BOND FUND
Payout Change
Pending
Price as of:
$10.11
+0.0
+0.0%
primary theme
Municipal Bond
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.0%
1 yr return
0.1%
3 Yr Avg Return
-0.9%
5 Yr Avg Return
0.2%
Net Assets
$268 M
Holdings in Top 10
22.8%
52 WEEK LOW AND HIGH
$10.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 8.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SCYYX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return -0.9%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.57%
- Dividend Yield 2.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSTET CALIFORNIA MUNICIPAL BOND FUND
-
Fund Family NameSEI Funds
-
Inception DateAug 19, 1998
-
Shares Outstanding3772735
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRichard Bamford
Fund Description
The California Municipal Bond Fund will invest, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade municipal securities that pay interest that is exempt from federal and California state income taxes, including, but not limited to, municipal bonds, notes and commercial paper. The principal issuers of these securities are state and local governments and their agencies located in California, as well as in Puerto Rico and other U.S. territories and possessions.
The Fund uses a sub-adviser (the Sub-Adviser) to manage the Fund's portfolio under the general supervision of SEI Investments Management Corporation, the Fund's adviser (SIMC or the Adviser). The Sub-Adviser selects securities based on its view on the future direction of interest rates and the shape of the yield curve, as well as its views on credit quality and sector allocation issues. Where possible, the Sub-Adviser will attempt to acquire securities that are underpriced relative to other eligible securities. The Sub-Adviser will strive to maintain an average weighted portfolio maturity of three to ten years. The Fund may, to a limited extent, invest in securities subject to the alternative minimum tax or in debt securities subject to federal and California state income taxes. The Fund may also invest in municipal securities rated below investment grade (junk bonds).
SCYYX - Performance
Return Ranking - Trailing
| Period | SCYYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -7.3% | 37.5% | 91.13% |
| 1 Yr | 0.1% | -7.4% | 37.6% | 91.87% |
| 3 Yr | -0.9%* | -11.8% | 5.1% | 52.46% |
| 5 Yr | 0.2%* | -7.4% | 1103.2% | 73.44% |
| 10 Yr | N/A* | -1.1% | 248.8% | 74.16% |
* Annualized
Return Ranking - Calendar
| Period | SCYYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.7% | -1.4% | 41.0% | 54.34% |
| 2022 | -8.6% | -39.7% | 0.3% | 23.75% |
| 2021 | -1.8% | -5.6% | 6.9% | 96.22% |
| 2020 | 1.7% | -2.6% | 310.0% | 48.39% |
| 2019 | 3.7% | 0.0% | 26.0% | 55.08% |
Total Return Ranking - Trailing
| Period | SCYYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -7.3% | 37.5% | 91.13% |
| 1 Yr | 0.1% | -7.4% | 37.6% | 91.87% |
| 3 Yr | -0.9%* | -11.8% | 5.1% | 52.46% |
| 5 Yr | 0.2%* | -7.4% | 1103.2% | 73.44% |
| 10 Yr | N/A* | -1.1% | 248.8% | 70.96% |
* Annualized
Total Return Ranking - Calendar
| Period | SCYYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.6% | -1.3% | 41.0% | 73.54% |
| 2022 | -6.7% | -39.7% | 1.1% | 23.96% |
| 2021 | 0.1% | -4.8% | 23761504.0% | 84.60% |
| 2020 | 4.0% | -1.5% | 17057.9% | 43.14% |
| 2019 | 6.2% | 0.2% | 3514.6% | 59.90% |
NAV & Total Return History
SCYYX - Holdings
Concentration Analysis
| SCYYX | Category Low | Category High | SCYYX % Rank | |
|---|---|---|---|---|
| Net Assets | 268 M | 3.22 M | 71.9 B | 64.85% |
| Number of Holdings | 141 | 4 | 13418 | 74.01% |
| Net Assets in Top 10 | 54.6 M | -317 M | 3.09 B | 63.60% |
| Weighting of Top 10 | 22.79% | 1.8% | 100.3% | 30.11% |
Top 10 Holdings
- CALIFORNIA ST STATE OF CALIFORNIA 3.54%
- CALIFORNIA ST STATE OF CALIFORNIA 2.41%
- LOS ANGELES CA UNIF SCH DIST LOS ANGELES UNIFIED SCHOOL DISTRICT/CA 2.40%
- SAN DIEGO CNTY CA REGL ARPT AU SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY 2.29%
- CALIFORNIA ST STATE OF CALIFORNIA 2.21%
- SEI DAILY INCOME TRUST GOVERNMENT FUND (#36) 2.15%
- CALIFORNIA CMNTY CHOICE FING A CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 2.12%
- BURBANK GLENDALE PASADENA CA A BURBANK-GLENDALE-PASADENA AIRPORT AUTHORITY BRICK 1.94%
- CALIFORNIA STWD CMNTYS DEV AUT CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHO 1.86%
- CALIFORNIA ST HLTH FACS FING A CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY 1.86%
Asset Allocation
| Weighting | Return Low | Return High | SCYYX % Rank | |
|---|---|---|---|---|
| Bonds | 98.14% | 0.00% | 150.86% | 64.83% |
| Cash | 2.15% | -50.86% | 44.62% | 30.76% |
| Stocks | 0.00% | 0.00% | 99.77% | 97.52% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 97.11% |
| Other | 0.00% | -3.69% | 53.54% | 75.82% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 77.14% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SCYYX % Rank | |
|---|---|---|---|---|
| Municipal | 99.94% | 44.39% | 100.00% | 15.10% |
| Cash & Equivalents | 2.15% | 0.00% | 44.41% | 23.04% |
| Derivative | 0.00% | -3.69% | 53.54% | 75.02% |
| Securitized | 0.00% | 0.00% | 5.93% | 75.86% |
| Corporate | 0.00% | 0.00% | 9.41% | 80.24% |
| Government | 0.00% | 0.00% | 52.02% | 78.56% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SCYYX % Rank | |
|---|---|---|---|---|
| US | 98.14% | 0.00% | 142.23% | 62.39% |
| Non US | 0.00% | 0.00% | 23.89% | 97.38% |
SCYYX - Expenses
Operational Fees
| SCYYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.57% | 0.01% | 8.02% | 73.66% |
| Management Fee | 0.33% | 0.00% | 1.20% | 22.62% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.20% | 0.01% | 0.44% | 91.51% |
Sales Fees
| SCYYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| SCYYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SCYYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 8.00% | 0.00% | 283.00% | 14.71% |
SCYYX - Distributions
Dividend Yield Analysis
| SCYYX | Category Low | Category High | SCYYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.41% | 0.00% | 14.51% | 91.28% |
Dividend Distribution Analysis
| SCYYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| SCYYX | Category Low | Category High | SCYYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.57% | -0.53% | 5.33% | 68.73% |
Capital Gain Distribution Analysis
| SCYYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.020 | OrdinaryDividend |
| Oct 31, 2024 | $0.016 | OrdinaryDividend |
| Sep 30, 2024 | $0.014 | OrdinaryDividend |
| Aug 30, 2024 | $0.012 | OrdinaryDividend |
| Jul 31, 2024 | $0.024 | OrdinaryDividend |
| Mar 28, 2024 | $0.017 | OrdinaryDividend |
| Feb 29, 2024 | $0.016 | OrdinaryDividend |
| Jan 31, 2024 | $0.018 | OrdinaryDividend |
| Dec 29, 2023 | $0.016 | OrdinaryDividend |
| Nov 30, 2023 | $0.015 | OrdinaryDividend |
| Oct 31, 2023 | $0.016 | OrdinaryDividend |
| Sep 29, 2023 | $0.015 | OrdinaryDividend |
| Aug 31, 2023 | $0.016 | OrdinaryDividend |
| Jul 31, 2023 | $0.015 | OrdinaryDividend |
| Jun 30, 2023 | $0.015 | OrdinaryDividend |
| May 31, 2023 | $0.015 | OrdinaryDividend |
| Apr 28, 2023 | $0.015 | OrdinaryDividend |
| Mar 31, 2023 | $0.014 | OrdinaryDividend |
| Feb 28, 2023 | $0.011 | OrdinaryDividend |
| Jan 31, 2023 | $0.009 | OrdinaryDividend |
| Dec 30, 2022 | $0.016 | OrdinaryDividend |
| Dec 15, 2022 | $0.022 | CapitalGainLongTerm |
| Nov 30, 2022 | $0.015 | OrdinaryDividend |
| Oct 31, 2022 | $0.014 | OrdinaryDividend |
| Sep 30, 2022 | $0.014 | OrdinaryDividend |
| Aug 31, 2022 | $0.015 | OrdinaryDividend |
| Jul 29, 2022 | $0.014 | OrdinaryDividend |
| Jun 30, 2022 | $0.014 | OrdinaryDividend |
| May 31, 2022 | $0.014 | OrdinaryDividend |
| Apr 29, 2022 | $0.009 | OrdinaryDividend |
| Mar 31, 2022 | $0.016 | OrdinaryDividend |
| Feb 28, 2022 | $0.014 | OrdinaryDividend |
| Jan 31, 2022 | $0.014 | OrdinaryDividend |
| Dec 31, 2021 | $0.015 | OrdinaryDividend |
| Dec 15, 2021 | $0.027 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.014 | OrdinaryDividend |
| Oct 29, 2021 | $0.014 | OrdinaryDividend |
| Sep 30, 2021 | $0.014 | OrdinaryDividend |
| Aug 31, 2021 | $0.014 | OrdinaryDividend |
| Jul 30, 2021 | $0.014 | OrdinaryDividend |
| Jun 30, 2021 | $0.014 | OrdinaryDividend |
| May 28, 2021 | $0.014 | OrdinaryDividend |
| Apr 30, 2021 | $0.014 | OrdinaryDividend |
| Mar 31, 2021 | $0.016 | OrdinaryDividend |
| Feb 26, 2021 | $0.013 | OrdinaryDividend |
| Jan 29, 2021 | $0.015 | OrdinaryDividend |
| Dec 31, 2020 | $0.015 | OrdinaryDividend |
| Dec 10, 2020 | $0.001 | CapitalGainShortTerm |
| Dec 10, 2020 | $0.036 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.015 | OrdinaryDividend |
| Oct 30, 2020 | $0.015 | OrdinaryDividend |
| Sep 30, 2020 | $0.015 | OrdinaryDividend |
| Aug 31, 2020 | $0.016 | OrdinaryDividend |
| Jul 31, 2020 | $0.016 | OrdinaryDividend |
| Jun 30, 2020 | $0.016 | OrdinaryDividend |
| May 29, 2020 | $0.016 | OrdinaryDividend |
| Apr 30, 2020 | $0.016 | OrdinaryDividend |
| Mar 31, 2020 | $0.016 | OrdinaryDividend |
| Feb 28, 2020 | $0.016 | OrdinaryDividend |
| Jan 31, 2020 | $0.017 | OrdinaryDividend |
| Dec 31, 2019 | $0.016 | OrdinaryDividend |
| Dec 12, 2019 | $0.043 | CapitalGainLongTerm |
| Nov 29, 2019 | $0.017 | OrdinaryDividend |
| Oct 31, 2019 | $0.017 | OrdinaryDividend |
| Sep 30, 2019 | $0.016 | OrdinaryDividend |
| Aug 30, 2019 | $0.018 | OrdinaryDividend |
| Jul 31, 2019 | $0.016 | OrdinaryDividend |
| Jun 28, 2019 | $0.017 | OrdinaryDividend |
| Dec 13, 2018 | $0.023 | CapitalGainLongTerm |
| Dec 13, 2017 | $0.026 | CapitalGainLongTerm |
| Dec 14, 2016 | $0.035 | CapitalGainLongTerm |
| Dec 10, 2015 | $0.000 | CapitalGainShortTerm |
| Dec 10, 2015 | $0.054 | CapitalGainLongTerm |
SCYYX - Fund Manager Analysis
Managers
Richard Bamford
Start Date
Tenure
Tenure Rank
Dec 31, 1999
22.43
22.4%
Richard A. Bamford serves as a Portfolio Manager for the Fixed Income Team within SIMC's Investment Management Unit. Mr. Bamford is responsible for investment grade debt and municipal bond portfolios. Mr. Bamford's duties include manager analysis and selection, strategy development and enhancement as well as investment research. Mr. Bamford has over 20 years of investment experience in investment management. Prior to joining SEI in 1999, Mr. Bamford worked as a Municipal Credit Analyst for Vanguard. Mr. Bamford received a Bachelor of Science in Economics/Finance and Accounting from the University of Scranton and an M.B.A. with a concentration in Finance from St. Joseph's University.
Jeffrey Burger
Start Date
Tenure
Tenure Rank
Dec 20, 2013
8.45
8.5%
Jeffrey Burger, CFA Director, Senior Portfolio Manager Jeffrey is a senior portfolio manager for US Municipal Bond strategies. He is responsible for managing US Municipal Bond strategies for institutional, high net worth and mutual fund clients. Previously, he served as a senior analyst for the firm, specializing in land-secured and special tax bonds. Prior to joining the firm in 2009, Jeffrey worked at Columbia Management as a portfolio manager and senior research analyst and at Fitch Ratings as a senior-level analyst. He is a former chairman and member of the executive committee and board of governors for the National Federation of Municipal Analysts. He is also a former president of the Boston Municipal Analysts Forum. Jeffrey has been in the investment industry since 1998. Jeffrey earned an MPA from the Maxwell School of Citizenship and Public Affairs at Syracuse University and a BA degree, cum laude, in policy studies and public relations from Syracuse University. He holds the CFA® designation and is a member of the CFA Institute.
Thomas Casey
Start Date
Tenure
Tenure Rank
Dec 20, 2013
8.45
8.5%
Thomas C. Casey Director, Senior Portfolio Manager Tom is a senior portfolio manager for US Municipal Bond strategies. He is responsible for managing US Municipal Bond portfolios for institutional, insurance and high net worth clients. Previously, Tom worked as a trader and a portfolio analyst on the US Municipal team. Prior to joining the firm in 1993, Tom worked as an analyst at State Street Bank & Trust Company. Tom has been in the investment industry since 1988. Tom earned an MBA and a BA from Boston College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
