Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX)

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Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) is up 1.1% since the beginning of the year. OWVAX is currently trading at $10 per share. Investors who bought $1,000 worth of OWVAX shares 5 years ago would now be looking at an investment worth $1,059.

Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) has returned 1.11% so far this year and 5.14% over the past 12 months. Over the last ten years, OWVAX has returned 1.80% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Nov 30, 1993, OWVAX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +4.2%, while the worst month was Mar 1994 at -3.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, OWVAX closed higher 33% 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 -2.5%.

Sterling Capital West Virginia Intermediate Tax-Free Fund has an annualized alpha of 3.22%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 30, 1993.

• This fund captured 9.82% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.63%) - 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.

OWVAX has an expense ratio of 0.58%, placing it in the medium range.

OWVAX ranks 68 for risk / return — better than 68% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Sterling Capital West Virginia Intermediate Tax-Free Fund provided a 2.87% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Sterling Capital West Virginia Intermediate Tax-Free Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Sterling Capital West 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 West Virginia Intermediate Tax-Free Fund was 12.59%, occurring on Nov 21, 1994. Recovery took 310 trading sessions.

The current Sterling Capital West Virginia Intermediate Tax-Free Fund drawdown is 0.61%.

The chart below shows the rolling one-month volatility.