BVACX: Sterling Capital VA Interm Tax-Free C

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BVACX Sterling Capital VA Interm Tax-Free C


Profile

BVACX - Profile

Vitals

  • YTD Return 1.9%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $78.6 M
  • Holdings in Top 10 29.4%

52 WEEK LOW AND HIGH

$12.19
$11.05
$12.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.55%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 21.08%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Sterling Capital Virginia Intermediate Tax Free Fund
  • Fund Family Name
    Sterling Capital Funds
  • Inception Date
    Feb 01, 2012
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Millikan

Fund Description

The fund normally invests at least 80% of its net assets in investments the income from which is exempt from federal income tax, alternative minimum tax, and Virginia personal income tax ("Virginia Tax-Exempt Obligations"). It invests primarily in municipal securities of the Commonwealth of Virginia and its political subdivisions that provide income exempt from both federal personal income tax and Virginia personal income tax. The fund will maintain an average duration of 3.5 to 8 years. It is non-diversified.


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Categories

Performance

BVACX - Performance

Return Ranking - Trailing

Period BVACX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -31.6% 952.6% 41.70%
1 Yr 2.6% -28.1% 958.8% 36.11%
3 Yr 1.2%* -13.3% 121.0% 39.95%
5 Yr 0.6%* -9.9% 60.8% 48.03%
10 Yr N/A* -5.0% 3.6% 28.82%

* Annualized

Return Ranking - Calendar

Period BVACX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -1.7% 20.3% 52.70%
2018 -1.5% -24.9% 0.8% 23.81%
2017 1.0% -6.0% 17.1% 53.93%
2016 -3.4% -14.9% 15.0% 90.72%
2015 -0.3% -18.3% 3.0% 26.62%

Total Return Ranking - Trailing

Period BVACX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -31.6% 952.6% 41.70%
1 Yr 2.6% -28.1% 958.8% 36.07%
3 Yr 1.2%* -10.4% 121.0% 45.53%
5 Yr 0.8%* -7.9% 60.8% 47.71%
10 Yr N/A* -5.0% 6.8% 36.86%

* Annualized

Total Return Ranking - Calendar

Period BVACX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -1.7% 20.3% 53.64%
2018 -1.5% -24.9% 3.1% 31.84%
2017 1.0% -6.0% 27.0% 61.54%
2016 -2.7% -14.8% 15.0% 79.82%
2015 0.0% -12.6% 4.2% 19.72%

NAV & Total Return History


Holdings

BVACX - Holdings

Concentration Analysis

BVACX Category Low Category High BVACX % Rank
Net Assets 78.6 M 641 K 269 B 87.13%
Number of Holdings 49 1 18073 93.76%
Net Assets in Top 10 23.1 M -587 M 21.3 B 82.80%
Weighting of Top 10 29.43% 2.3% 100.0% 30.17%

Top 10 Holdings

  1. FAIRFAX CNTY VA 5% 3.41%
  2. NORFOLK VA 5% 3.27%
  3. VIRGINIA COMMLTH TRANSN BRD FED TRANSN GRNT ANTIC REV 5% 3.23%
  4. RICHMOND VA 5% 2.99%
  5. VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG 2.94%
  6. CHESAPEAKE VA 5% 2.91%
  7. MANASSAS VA 4% 2.83%
  8. VIRGINIA ST PUB BLDG AUTH PUB FACS REV 5% 2.69%
  9. NEWPORT NEWS VA 5% 2.59%
  10. VIRGINIA COMWLTH TRANSN BRD TRANSN REV 5% 2.56%

Asset Allocation

Weighting Return Low Return High BVACX % Rank
Bonds
97.09% 71.08% 171.20% 46.70%
Cash
2.91% -73.78% 27.48% 43.49%
Stocks
0.00% -0.93% 19.79% 48.17%
Preferred Stocks
0.00% -0.14% 8.39% 52.21%
Other
0.00% -27.60% 35.82% 46.67%
Convertible Bonds
0.00% 0.00% 10.07% 69.90%

Bond Sector Breakdown

Weighting Return Low Return High BVACX % Rank
Municipal
97.09% 0.00% 100.11% 30.87%
Cash & Equivalents
2.91% -26.49% 41.51% 48.76%
Derivative
0.00% -0.83% 24.19% 50.47%
Securitized
0.00% 0.00% 97.63% 73.70%
Corporate
0.00% 0.00% 99.89% 78.17%
Government
0.00% -2.21% 100.00% 76.07%

Bond Geographic Breakdown

Weighting Return Low Return High BVACX % Rank
US
97.09% 58.40% 150.78% 29.44%
Non US
0.00% -35.87% 29.50% 90.13%

Expenses

BVACX - Expenses

Operational Fees

BVACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.55% 0.01% 34.57% 15.11%
Management Fee 0.35% 0.00% 1.50% 38.65%
12b-1 Fee 1.00% 0.00% 1.00% 88.57%
Administrative Fee 0.11% 0.00% 0.50% 61.17%

Sales Fees

BVACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 46.49%

Trading Fees

BVACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BVACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.08% 0.00% 496.90% 29.80%

Distributions

BVACX - Distributions

Dividend Yield Analysis

BVACX Category Low Category High BVACX % Rank
Dividend Yield 0.00% 0.00% 5.97% 48.45%

Dividend Distribution Analysis

BVACX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BVACX Category Low Category High BVACX % Rank
Net Income Ratio 1.22% -1.31% 6.53% 96.24%

Capital Gain Distribution Analysis

BVACX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BVACX - Fund Manager Analysis

Managers

Robert Millikan


Start Date

Tenure

Tenure Rank

Feb 01, 2000

20.34

20.3%

Mr. Millikan, CFA, is an Executive Director and Lead Portfolio Manager with Sterling Capital. He joined the predecessor to BB&T Asset Management in February 2000 and Sterling Capital through merger in October 2010. He has investment experience since 1990. Prior to joining BB&T, he worked for First Citizens Bank as vice president and fixed income portfolio manager for both taxable and tax-exempt accounts. Mr. Millikan is a graduate of Wake Forest University where he received his B.A. in Economics from Wake Forest University. He is a CFA charterholder.

Mike McVicker


Start Date

Tenure

Tenure Rank

Feb 01, 2016

4.33

4.3%

Mr. McVicker is an Executive Director and Senior Municipal Credit Analyst with additional responsibilities for credits that crossover into the taxable market with Sterling Capital. He joined Sterling Capital in 1992. Prior to joining the fixed income team, he was Sterling’s Director of Operations managing the client reporting and performance team. He has investment experience since 1992 and holds a B.S.B.A. in Finance with a minor in Psychology from the University of North Carolina – Charlotte.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 33.52 7.45 0.41