- ISIN
- US85917L4453
- CUSIP
- 85917L445
- Issuer
- Sterling Capital
- Inception Date
- May 16, 1999
- Category
- Municipal Bonds
- Min. Investment
- $10,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BVATX Performance Chart
Sterling Capital Virginia Intermediate Tax Free Fund (BVATX) is down 0.7% since the beginning of the year. BVATX is currently trading at $11 per share. Investors who bought $1,000 worth of BVATX shares 5 years ago would now be looking at an investment worth $1,012.
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Returns By Period
Sterling Capital Virginia Intermediate Tax Free Fund (BVATX) has returned -0.72% so far this year and 2.17% over the past 12 months. Over the last ten years, BVATX has returned 1.20% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Sterling Capital Virginia Intermediate Tax Free Fund
- 1D
- -0.09%
- 1M
- -1.80%
- 6M
- -1.47%
- YTD
- -0.72%
- 1Y
- 2.17%
- 3Y*
- 2.23%
- 5Y*
- 0.24%
- 10Y*
- 1.20%
- ALL TIME*
- 2.93%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
BVATX Monthly Returns History
Based on dividend-adjusted daily data since May 17, 1999, BVATX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2023 with a return of +4.4%, while the worst month was Nov 2016 at -3.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BVATX closed higher 36% of trading days. The best single day was Mar 25, 2020 with a return of +3.5%, while the worst single day was Mar 20, 2020 at -2.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.76% | 0.91% | -2.09% | 0.85% | 0.13% | 0.57% | -1.80% | -0.72% | |||||
| 2025 | 0.53% | 1.04% | -1.10% | -0.03% | 0.31% | 0.67% | 0.13% | 0.59% | 1.30% | 0.67% | 0.30% | 0.21% | 4.70% |
| 2024 | -0.34% | 0.01% | -0.24% | -1.06% | -0.52% | 1.21% | 0.75% | 0.66% | 0.74% | -1.31% | 1.11% | -0.65% | 0.32% |
| 2023 | 2.25% | -2.15% | 1.89% | -0.37% | -1.25% | 0.63% | 0.18% | -1.00% | -2.10% | -0.84% | 4.44% | 2.09% | 3.60% |
| 2022 | -2.47% | -0.40% | -2.28% | -1.99% | 1.51% | -0.83% | 2.05% | -1.79% | -2.73% | -0.29% | 3.34% | 0.34% | -5.59% |
| 2021 | 0.14% | -1.60% | 0.38% | 0.46% | 0.13% | 0.04% | 0.63% | -0.29% | -0.79% | -0.21% | 0.46% | 0.07% | -0.59% |
Benchmark Metrics
Sterling Capital Virginia Intermediate Tax Free Fund has an annualized alpha of 3.01%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 17, 1999.
- This fund captured 8.37% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.67%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.01%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 8.37%
- Downside Capture
- -3.67%
Expense Ratio
BVATX has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BVATX ranks 38 for risk / return — above 38% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Sterling Capital Virginia Intermediate Tax Free Fund (BVATX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BVATX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.00 | -0.92 |
| Martin ratioReturn relative to average drawdown | 2.90 | 8.49 | -5.59 |
Dividends
Dividend History
Sterling Capital Virginia Intermediate Tax Free Fund provided a 2.37% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.37 | $0.29 | $0.21 | $0.20 | $0.20 | $0.25 | $0.27 | $0.26 | $0.26 | $0.35 | $0.32 |
Dividend yield | 2.37% | 3.36% | 2.67% | 1.89% | 1.81% | 1.65% | 2.03% | 2.27% | 2.24% | 2.20% | 3.06% | 2.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Sterling Capital Virginia Intermediate Tax Free 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.14 | |||||
| 2025 | $0.05 | $0.04 | $0.05 | $0.05 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.37 |
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.29 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.21 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2021 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.03 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Sterling Capital Virginia Intermediate Tax Free 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 Virginia Intermediate Tax Free Fund was 10.24%, occurring on Mar 20, 2020. Recovery took 79 trading sessions.
The current Sterling Capital Virginia Intermediate Tax Free Fund drawdown is 2.35%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-10.24%Mar 2020 | 10d | 3mo 26d | 4mo 6dMar 2020 - Jul 2020 | COVID crash2020 |
-10.09%Oct 2022 | 1y 8mo | 2y 10mo | 4y 6moFeb 2021 - Sep 2025 | Bear market2022 |
-6.26%Jun 2013 | 6mo 21d | 1y 1mo | 1y 8moDec 2012 - Aug 2014 | — |
-5.91%Oct 2008 | 1mo 4d | 2mo 8d | 3mo 12dSep 2008 - Dec 2008 | Financial crisis2007–2009 |
-5.46%Jan 2000 | 8mo 7d | 6mo 6d | 1y 2moMay 1999 - Jul 2000 | — |
Drawdown Indicators
| BVATX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.24% | -56.78% | +46.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -9.10% | +6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -3.47% | -18.90% | +15.43% |
Max Drawdown (5Y)Largest decline over 5 years | -9.97% | -25.43% | +15.46% |
Max Drawdown (10Y)Largest decline over 10 years | -10.24% | -33.92% | +23.68% |
Current DrawdownCurrent decline from peak | -2.35% | -1.58% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -10.70% | +9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.14% | -1.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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