Sterling Capital Ultra Short Bond Fund (BUSIX)
The fund normally invests at least 80% of its net assets plus borrowings for investment purposes in fixed income securities (bonds). It may invest up to 10% of its total assets in bonds that are below investment grade. The fund will maintain an average duration of 18 months or less.
Fund Info
ISIN | US85917K7770 |
---|---|
CUSIP | 85917K777 |
Issuer | Sterling Capital |
Inception Date | Nov 30, 2012 |
Category | Ultrashort Bond |
Min. Investment | $10,000,000 |
Asset Class | Bond |
Expense Ratio
BUSIX has a high expense ratio of 0.27%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Sterling Capital Ultra Short Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Sterling Capital Ultra Short Bond Fund had a return of 1.91% year-to-date (YTD) and 5.92% in the last 12 months. Over the past 10 years, Sterling Capital Ultra Short Bond Fund had an annualized return of 1.83%, while the S&P 500 had an annualized return of 10.71%, indicating that Sterling Capital Ultra Short Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 1.91% | 8.76% |
1 month | 0.48% | -0.32% |
6 months | 3.15% | 18.48% |
1 year | 5.92% | 25.36% |
5 years (annualized) | 2.49% | 12.60% |
10 years (annualized) | 1.83% | 10.71% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.63% | 0.27% | 0.51% | 0.38% | ||||||||
2023 | 0.51% | 0.60% | 0.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BUSIX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
BUSIX (Sterling Capital Ultra Short Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Sterling Capital Ultra Short Bond Fund (BUSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Sterling Capital Ultra Short Bond Fund granted a 4.58% dividend yield in the last twelve months. The annual payout for that period amounted to $0.45 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.45 | $0.41 | $0.18 | $0.12 | $0.17 | $0.25 | $0.20 | $0.15 | $0.17 | $0.13 | $0.02 |
Dividend yield | 4.58% | 4.22% | 1.87% | 1.24% | 1.72% | 2.60% | 2.06% | 1.58% | 1.73% | 1.36% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Sterling Capital Ultra Short Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.04 | $0.04 | $0.04 | $0.04 | ||||||||
2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2016 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2014 | $0.01 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Sterling Capital Ultra Short Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Sterling Capital Ultra Short Bond Fund was 3.16%, occurring on Mar 23, 2020. Recovery took 48 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-3.16% | Mar 9, 2020 | 11 | Mar 23, 2020 | 48 | Jun 1, 2020 | 59 |
-1.46% | Aug 5, 2021 | 217 | Jun 14, 2022 | 138 | Dec 30, 2022 | 355 |
-0.76% | May 22, 2013 | 402 | Dec 23, 2014 | 276 | Jan 29, 2016 | 678 |
-0.21% | Mar 14, 2023 | 5 | Mar 20, 2023 | 9 | Mar 31, 2023 | 14 |
-0.21% | May 12, 2023 | 10 | May 25, 2023 | 3 | May 31, 2023 | 13 |
Volatility
Volatility Chart
The current Sterling Capital Ultra Short Bond Fund volatility is 0.39%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.