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Morningstar

Sterling Capital NC Interm Tax-Free A BNCAX

Morningstar Medalist Rating
Medalist Rating as of | See Sterling Capital Investment Hub
  • NAV / 1-Day Return 9.71  /  0.01 %
  • Total Assets 134.2 Mil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.820%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.06%
  • Effective Duration 4.92 years

USD | NAV as of Oct 04, 2023 | 1-Day Return as of Oct 04, 2023, 10:09 PM GMT+0

Morningstar’s Analysis BNCAX

Will BNCAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BNCAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the BNCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of BNCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Sterling Capital NC Interm Tax-Free A to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings BNCAX

More BNCAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 86
  • Other Holdings 2
  • % Assets in Top 10 Holdings 24.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NORTH CAROLINA ST GRANT ANTIC REV 4%

3.76
5,209,950
municipal

NORTH CAROLINA ST LTD OBLIG 5%

3.38
4,681,119
municipal

MECKLENBURG CNTY N C 5%

2.65
3,671,450
municipal

CHARLOTTE N C 5%

2.56
3,551,658
municipal

FORSYTH CNTY N C 5%

2.39
3,314,310
municipal

NORTH CAROLINA ST LTD OBLIG 5%

2.39
3,307,979
municipal

RALEIGH N C COMB ENTERPRISE SYS REV 5%

2.36
3,273,480
municipal

CHARLOTTE N C WTR & SWR SYS REV 5%

2.13
2,951,464
municipal

NORTH CAROLINA ST LTD OBLIG 5%

1.99
2,759,900
municipal

CHARLOTTE N C CTFS PARTN 5%

1.79
2,482,434
municipal