About BVAAX
Sterling Capital Virginia Intermediate Tax-Free Fund Class A is a municipal bond mutual fund focused on providing current income that is exempt from federal and Virginia personal income taxes, while emphasizing preservation of capital. The fund primarily invests in high-quality Virginia municipal securities and targets the intermediate portion of the yield curve, using active duration management and yield-curve positioning to balance income generation with price stability. Portfolio construction centers on liquid, investment-grade issues and relative-value selection, with sales driven by curve repositioning or deteriorating credit fundamentals. The strategy is non-diversified and concentrated in Virginia issuers, which can heighten exposure to state-specific economic and policy developments, as well as typical municipal risks such as interest rate, credit, and prepayment risk. As of June 30, 2025, the fund reported an effective duration near the intermediate range and distributed monthly income, reflecting its tax-exempt income mandate. Class A shares feature a stated maximum front-end sales charge and an expense structure aligned with the share class. This fund serves investors seeking state-specific, tax-advantaged income within the municipal bond market.
Fund Family Sterling Capital Funds
Category Muni Single State Interm
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol BVAAX
Share Class A Class
Index ICE BofA Municipals 2-17 Years TR
BVAAX had a total return of 1.77% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.78%.
