The investment seeks to preserve principal value and maintaining a high degree of liquidity while providing current income exempt from federal income taxes. The Institutional Tax Free Fund will invest, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in municipal money market securities (i) that pay interest that is exempt from federal income taxes and (ii) the interest on which is not a preference item for purposes of the federal alternative minimum tax. It invests in high quality, short-term debt securities, commonly known as money market instruments.
Fund filings (PDF) »

Asset managers:
William Furrer (Started: Oct 7, 2011)
Kristian Lind (Started: Oct 7, 2011)

Advisor Company:
SEI Investments Management Corp.
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	-	-	-	-
Beta*	-	-	-	-
Mean annual return	0.00	0.00	0.02	0.08
R-squared*	-	-	-	-
Standard deviation	0.00	0.01	0.16	0.32
Sharpe ratio	-11.83	-3.35	0.09	-2.64
* Against standard index

Risk measurement details »

Security	Net Assets
Illinois Fin Auth 1.6%	2.97%
West Hills Cmnty College Dist	2.77%
North Carolina Med Care Commn Hosp	2.63%
Schenectady N Y Bans 1.2%	2.45%
Main Str Nat Gas Inc Ga Gas Pr Var Rev B	2.30%
Indiana St Dev Fin Auth	2.30%
Palomar Pomerado Health Calif Ctfs	2.25%
New Castle Pa Area Hosp Auth	2.12%
Austin Tex Wtr & Wastewater Sy Var Ref B	2.11%
Municipal Engy Acquisition C Putters-S	1.94%

Holdings Performance »