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SUMAX SEI Short Duration Municipal A (STET)

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Fund SUMAX SEI Short Duration Municipal A (STET) NEARX US Global Investors Near-Term Tax Free USSTX USAA Tax Exempt Short-Term  
Similarity
?
100% 85% 90%
Annual Fees
?
$64.25
(0.63% Exp. Ratio)
$45.89
(0.45% Exp. Ratio)
$56.09
(0.55% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.98% annual return
$14,917.08 $15,749.37 $15,281.60
Est. savings over 30 yrs +$832.29 +$364.52
Return
As of 10/31/16
1 YR RETURN 0.18%
3 YR 0.34%
5 YR 0.50%
10 YR 1.58%
1 YR RETURN 0.81%
3 YR 1.69%
5 YR 1.88%
10 YR 2.81%
1 YR RETURN 1.05%
3 YR 1.07%
5 YR 1.43%
10 YR 2.55%
Description
The investment seeks a high level of income exempt from federal income tax consistent with the preservation of capital. The 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 income tax, including, but not limited to, municipal bonds, notes, variable rate demand notes and commercial paper.
The investment seeks to provide a high level of current income that is exempt from federal income taxation and to preserve capital. Under normal market conditions, the fund invests at least 80% of its net assets in investment grade municipal securities whose interest is free from federal income tax, including the federal alternative minimum tax. It will maintain a weighted-average portfolio maturity of five years or less. Although the advisor intends to invest the majority of its assets in tax free securities, the fund may invest up to 20% of its assets in securities that pay taxable interest.
The investment seeks interest income that is exempt from federal income tax. The fund invests primarily in investment-grade securities, the interest from which is exempt from federal income tax (referred to herein as "tax-exempt securities"). During normal market conditions, at least 80% of its net assets will consist of tax-exempt securities. The fund's dollar-weighted average portfolio maturity is three years or less. At least 80% of the fund's annual net investment income dividends will be excludable from gross income for federal income tax purposes and from the calculation of federal alternative minimum taxes for individual taxpayers.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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