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SEI Tax-Exempt Trust Massachusetts Municipal Bond Fund Class Y SMSYX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | SMSYX | Replication |
|---|---|---|
| Annualized growth | -0.3% | 0.3% |
| Annualized volatility | 4.4% | 4.4% |
| Sharpe ratio | -0.05 | 0.10 |
| Maximum drawdown | 10.4% | 10.9% |
| Replication fit (R²) | 0.94 · Tracking error 1.1% | |
Replication portfolio
The published portfolio below is the investable basket used to model SMSYX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 86.1% |
| VCSH | FI · Short Corp | 13.9% |