SEI Tax-Advantaged Income Fund;Y (STAYX)
SEI Tax-Advantaged Income Fund;Y operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Oak, PA, US. The stock last traded at $8.55, down 0.23% on the session, giving a market capitalisation of $810.3M. Its beta of 0.85 implies it has historically moved less than the broad market.
Normally, this investment vehicle allocates a minimum of 50% of its capital to municipal debt instruments, primarily bonds, whose interest earnings are sheltered from federal income tax, including the alternative minimum tax. These securities are chiefly issued by state and local government bodies and their affiliated agencies, located throughout the fifty United States, Puerto Rico, and various other U.S. territories and possessions.
SEI Tax-Advantaged Income Fund;Y is most often compared with the following Financial Services names: