About BBNTX
Sterling Capital North Carolina Intermediate Tax-Free Fund Institutional Shares is a municipal bond mutual fund designed to provide current income that is exempt from both federal and North Carolina state income taxes. The fund primarily invests in high-quality, intermediate-term municipal securities issued within North Carolina, with the aim of preserving capital while generating tax-advantaged income. It employs a top-down investment approach that emphasizes duration management, yield curve positioning, and active sector and security selection to maximize risk-adjusted returns. The fund typically maintains a dollar-weighted average maturity between three and ten years, focusing on liquid, high-credit-quality issues to reduce price volatility. This institutional share class features a minimum investment of $1,000,000 and an expense ratio of 0.60%. By concentrating on state-specific municipal obligations, the fund plays a role in financing public projects throughout North Carolina, serving institutional investors seeking tax-efficient fixed income exposure within the intermediate segment of the yield curve.
Fund Family Sterling Capital Funds
Category Muni Single State Interm
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol BBNTX
Share Class Institutional Class
Index ICE BofA Municipals 2-17 Years TR
BBNTX had a total return of 2.31% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.76%.
