Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX)
The investment seeks current income exempt from federal and West Virginia income taxes consistent with preservation of capital. 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 West Virginia personal income tax ("West Virginia Tax-Exempt Obligations"). It primarily invests in municipal securities of West Virginia and its political subdivisions that provide income exempt from both federal personal income tax and West Virginia personal income tax. The fund will maintain an average duration of 3.5 to 8 years. It is non-diversified.
Fund Info
| ISIN | US85917L4297 |
|---|---|
| CUSIP | 85917L429 |
| Issuer | Sterling Capital |
| Inception Date | Nov 30, 1993 |
| Category | Municipal Bonds |
| Min. Investment | $10,000,000 |
| Asset Class | Bond |
Expense Ratio
OWVAX 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 West 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 West Virginia Intermediate Tax-Free Fund had a return of -0.98% year-to-date (YTD) and 1.63% in the last 12 months. Over the past 10 years, Sterling Capital West Virginia Intermediate Tax-Free Fund had an annualized return of 1.77%, while the S&P 500 had an annualized return of 10.64%, indicating that Sterling Capital West Virginia Intermediate Tax-Free Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.98% | 7.50% |
| 1 month | -0.11% | -1.61% |
| 6 months | 3.80% | 17.65% |
| 1 year | 1.63% | 26.26% |
| 5 years (annualized) | 1.04% | 11.73% |
| 10 years (annualized) | 1.77% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.29% | 0.12% | -0.18% | -0.95% | ||||||||
| 2023 | -0.42% | 4.20% | 1.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of OWVAX is 22, indicating that it is in the bottom 22% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Sterling Capital West Virginia Intermediate Tax-Free Fund(OWVAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Sterling Capital West Virginia Intermediate Tax-Free Fund granted a 2.45% dividend yield in the last twelve months. The annual payout for that period amounted to $0.23 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.23 | $0.24 | $0.19 | $0.18 | $0.21 | $0.25 | $0.25 | $0.25 | $0.28 | $0.29 | $0.26 | $0.24 |
Dividend yield | 2.45% | 2.48% | 1.99% | 1.76% | 2.03% | 2.46% | 2.59% | 2.47% | 2.81% | 2.90% | 2.59% | 2.43% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.00 | ||||||||
| 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 | $0.01 | $0.01 | $0.01 | $0.01 | $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 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 |
| 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 | $0.05 |
| 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 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 9.79%, occurring on Mar 20, 2020. Recovery took 86 trading sessions.
The current Sterling Capital West Virginia Intermediate Tax-Free Fund drawdown is 3.24%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.79% | Mar 10, 2020 | 9 | Mar 20, 2020 | 86 | Jul 23, 2020 | 95 |
| -9.42% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -6.59% | Sep 12, 2008 | 25 | Oct 16, 2008 | 59 | Jan 12, 2009 | 84 |
| -6.24% | Oct 7, 1998 | 326 | Jan 21, 2000 | 135 | Aug 3, 2000 | 461 |
| -6.14% | Sep 6, 1994 | 55 | Nov 21, 1994 | 48 | Jan 31, 1995 | 103 |
Volatility
Volatility Chart
The current Sterling Capital West Virginia Intermediate Tax-Free Fund volatility is 0.47%, 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.