SCNM – Sterling Capital National Muncpl Bd ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to generate current income exempt from regular federal income taxes consistent with preservation of capital. The fund is an actively managed exchange-traded fund (“ETF”). Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus the amount of any borrowing for investment purposes) in municipal instruments the interest from which is exempt from regular federal income tax. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SCNM	Sterling Capital National Municipal Bond ETF	ETF	Open	—	—	Dec 10, 2025	$237.90M	0.350%	—	—	—

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