BBNTX

About BBNTX

Sterling Capital North Carolina Intermediate Tax-Free Fund Institutional Shares is a municipal bond mutual fund designed to provide current income that is exempt from both federal and North Carolina state income taxes. The fund primarily invests in high-quality, intermediate-term municipal securities issued within North Carolina, with the aim of preserving capital while generating tax-advantaged income. It employs a top-down investment approach that emphasizes duration management, yield curve positioning, and active sector and security selection to maximize risk-adjusted returns. The fund typically maintains a dollar-weighted average maturity between three and ten years, focusing on liquid, high-credit-quality issues to reduce price volatility. This institutional share class features a minimum investment of $1,000,000 and an expense ratio of 0.60%. By concentrating on state-specific municipal obligations, the fund plays a role in financing public projects throughout North Carolina, serving institutional investors seeking tax-efficient fixed income exposure within the intermediate segment of the yield curve.