About BBNCX
Sterling Capital North Carolina Intermediate Tax-Free Fund Class C is an open-end municipal bond fund focused on generating current income that is exempt from federal and North Carolina state income taxes, while emphasizing preservation of capital. The portfolio is actively managed with a high credit quality bias and targets the intermediate segment of the yield curve, using top-down duration management, yield-curve positioning, and relative value selection to balance income and risk. The strategy typically invests primarily in North Carolina municipal obligations, including general obligation and revenue bonds, and maintains zero income subject to the federal alternative minimum tax as reported, reflecting its tax-exempt mandate. The fund employs disciplined buy and sell processes to optimize sector and security selection and to adjust maturity or duration as market conditions evolve. It is a non-diversified fund, which can concentrate exposure in specific issuers within the state, and is subject to credit, interest rate, and prepayment risks inherent to municipal securities. Class C shares carry a higher ongoing expense ratio relative to other share classes, reflecting their distribution structure.
Fund Family Sterling Capital Funds
Category Muni Single State Interm
Performance Rating Low
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol BBNCX
Share Class C Shares
Index ICE BofA Municipals 2-17 Years TR
BBNCX had a total return of -2.49% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.25%.
