SEI Tax-Advantaged Income Fund Class Y (STAYX)
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SEI Tax-Advantaged Income Fund Class Y (STAYX) FAQ
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SEI Tax-Advantaged Income Fund Class Y Profile
| NASDAQ Exchange | US Country |
Overview
The company is engaged in managing a fund focused on investing a significant portion of its assets into municipal securities which are tax-exempt. These investments include a wide range of bonds issued by state and local governments, as well as their agencies, across all fifty states in the U.S., including territories like Puerto Rico. The fund aims to provide its investors with income that is exempt from federal income tax, including the alternative minimum tax, prioritizing municipal securities for its portfolio.
Products and Services
- Municipal Securities Investments
The core product offered by the company is an investment vehicle that primarily targets municipal bonds and securities. These bonds are issued by state and local governments or their agencies across the United States, including its territories and possessions. The appeal of these securities lies in their tax-exempt status regarding federal income tax, which also extends to the alternative minimum tax. By focusing on this asset class, the fund provides a means for investors to potentially secure a steady income stream that benefits from favorable tax treatment.
