About BNCAX
Sterling Capital North Carolina Intermediate Tax-Free Fund Class A is a state-specific municipal bond mutual fund focused on generating current income that is exempt from federal and North Carolina income taxes while emphasizing preservation of capital. The portfolio targets the intermediate segment of the municipal yield curve, employing active duration management, yield-curve positioning, and relative value selection within high-quality, liquid issues. The fund invests primarily in North Carolina municipal securities, including general obligation and revenue bonds, and maintains zero income subject to the federal alternative minimum tax, according to recent disclosures. Portfolio characteristics reflect an intermediate profile, with an effective duration of about five years and an average life near seven and a half years. Management applies a disciplined buy/sell process to adjust maturity, duration, and credit exposures as market conditions evolve. Established in 1992, the fund offers monthly distributions and aims to balance tax-advantaged income with controlled interest-rate risk for investors seeking North Carolina-focused municipal exposure. The fund reports a net expense ratio for Class A shares and a defined sales charge structure typical of A shares.
Fund Family Sterling Capital Funds
Category Muni Single State Interm
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol BNCAX
Share Class A Class
Index ICE BofA Municipals 2-17 Years TR
BNCAX had a total return of -1.65% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.15%.
