About BVATX
Sterling Capital Virginia Intermediate Tax-Free Fund Institutional Shares is a fixed income mutual fund focusing on municipal bonds issued within the state of Virginia. Its primary objective is to generate current income exempt from both federal and Virginia state income taxes, while emphasizing preservation of capital. The fund strategically invests in a diversified portfolio of high-credit-quality municipal securities, targeting the intermediate segment of the yield curve. This approach enables it to offer a balance between yield and interest rate risk, appealing to investors seeking tax-advantaged income with moderate duration exposure. Notable features include active portfolio management with an emphasis on duration, yield curve positioning, and sector selection, alongside a robust buy and sell discipline to optimize risk-adjusted returns. The fund maintains a relatively concentrated portfolio, which can heighten exposure to issuer-specific risks and local economic factors, but allows for more focused sector bets. Its monthly income distributions, competitive yield, and low expense ratio relative to similar funds underscore its appeal to institutional investors requiring significant minimum investments. Overall, the fund serves a specialized role in providing tax-free income and capital stability within institutional fixed income strategies.
Fund Family Sterling Capital Funds
Category Muni Single State Interm
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol BVATX
Share Class Institutional Class
Index ICE BofA Municipals 2-17 Years TR
BVATX had a total return of -2.37% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.80%.
