Sterling Capital Virginia Intermediate Tax Free Fund (BVATX)
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.
Fund Info
| ISIN | US85917L4453 |
|---|---|
| CUSIP | 85917L445 |
| Issuer | Sterling Capital |
| Inception Date | May 16, 1999 |
| Category | Municipal Bonds |
| Min. Investment | $10,000,000 |
| Asset Class | Bond |
Expense Ratio
The Sterling Capital Virginia Intermediate Tax Free Fund has a high expense ratio of 0.58%, 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 Virginia Intermediate Tax Free 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 Virginia Intermediate Tax Free Fund had a return of -1.83% year-to-date (YTD) and 0.41% in the last 12 months. Over the past 10 years, Sterling Capital Virginia Intermediate Tax Free Fund had an annualized return of 1.42%, while the S&P 500 had an annualized return of 10.46%, indicating that Sterling Capital Virginia Intermediate Tax Free Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.83% | 5.84% |
| 1 month | -1.06% | -2.98% |
| 6 months | 4.88% | 22.02% |
| 1 year | 0.41% | 24.47% |
| 5 years (annualized) | 0.68% | 11.44% |
| 10 years (annualized) | 1.42% | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.34% | 0.01% | -0.25% | |||||||||
| 2023 | -2.10% | -0.65% | 4.44% | 2.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Sterling Capital Virginia Intermediate Tax Free Fund(BVATX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Sterling Capital Virginia Intermediate Tax Free Fund (BVATX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Sterling Capital Virginia Intermediate Tax Free Fund granted a 2.22% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.23 | $0.20 | $0.20 | $0.25 | $0.25 | $0.26 | $0.26 | $0.36 | $0.32 | $0.34 | $0.27 |
Dividend yield | 2.22% | 2.08% | 1.81% | 1.65% | 2.03% | 2.10% | 2.24% | 2.20% | 3.08% | 2.71% | 2.82% | 2.28% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | |||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 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 |
| 2021 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.03 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 |
| 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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.07 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.09 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
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 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 4.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.24% | Mar 10, 2020 | 9 | Mar 20, 2020 | 79 | Jul 14, 2020 | 88 |
| -10.09% | Feb 16, 2021 | 428 | Oct 25, 2022 | — | — | — |
| -6.08% | Dec 5, 2012 | 138 | Jun 24, 2013 | 272 | Jul 23, 2014 | 410 |
| -5.89% | Sep 12, 2008 | 25 | Oct 16, 2008 | 47 | Dec 23, 2008 | 72 |
| -5.11% | Mar 12, 2004 | 44 | May 13, 2004 | 149 | Dec 15, 2004 | 193 |
Volatility
Volatility Chart
The current Sterling Capital Virginia Intermediate Tax Free Fund volatility is 0.64%, 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.