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Trending ETFs

Name

As of 06/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.53

$17 M

3.96%

$0.34

0.94%

Vitals

YTD Return

-0.2%

1 yr return

2.7%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

-0.4%

Net Assets

$17 M

Holdings in Top 10

31.1%

52 WEEK LOW AND HIGH

$8.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.94%

SALES FEES

Front Load 2.00%

Deferred Load N/A

TRADING FEES

Turnover 71.31%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.53

$17 M

3.96%

$0.34

0.94%

BGVAX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.64%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    STERLING CAPITAL INTERMEDIATE US GOVERNMENT FUND
  • Fund Family Name
    Sterling Capital Funds
  • Inception Date
    Mar 17, 1998
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Neil Grant

Fund Description

To pursue its investment objective, the Fund will invest, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in bonds issued or guaranteed by the U.S. government or its agencies and instrumentalities (“U.S. government securities”). In addition, under normal circumstances, at least 90% of the value of the Fund’s investments in securities will consist of U.S. government securities. Bonds for this purpose include Treasury bills (maturities of less than one year), bonds (maturities of ten years or more) and notes (maturities of one to ten years) of the U.S. government. The Fund invests, under normal market conditions, in U.S. government securities, some of which may be subject to repurchase agreements, or in “high grade” (rated at the time of purchase in one of the three highest rating categories by a nationally recognized statistical rating organization or are determined by the portfolio manager to be of comparable quality) mortgage-backed securities, including collateralized mortgage obligations.

The Fund will also invest in short-term obligations, asset-backed securities, corporate bonds, municipal securities and the shares of other investment companies. The Fund may also invest in Yankee bonds, which are U.S.-dollar denominated bonds and notes issued by foreign corporations or governments. The Fund will maintain an average duration between 2.5 and 7 years. The Fund’s dollar-weighted average maturity is expected to be more than 3 years but less than 10 years. Duration is the expected life of a fixed income security and is used to determine the sensitivity of the security’s price to changes in interest rates. Maturity merely measures the time until final payment is due. Unlike maturity, duration accounts for the time until all payments of interest and principal on a security are expected to be made, including how these payments are affected by prepayments and by changes in interest rates.

In managing the portfolio, the portfolio manager uses a “top down” investment management approach focusing on duration, yield curve structure and sector allocation based upon economic outlook and market expectations. The portfolio manager then selects individual securities consistent with the target by looking for the best relative values within particular sectors. The portfolio manager may consider selling a security owned by the Fund to manage the Fund’s price sensitivity, to reposition the Fund to a more favorable portion of the yield curve, or to purchase securities that the portfolio manager believes offer greater total return potential than existing holdings.

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BGVAX - Performance

Return Ranking - Trailing

Period BGVAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -3.9% 12.8% 9.73%
1 Yr 2.7% -4.4% 28.4% 10.62%
3 Yr -2.4%* -7.9% 10.6% 7.11%
5 Yr -0.4%* -5.6% 3.0% 22.54%
10 Yr 0.5%* -2.1% 3.3% 54.82%

* Annualized

Return Ranking - Calendar

Period BGVAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -1.0% 22.1% 17.70%
2022 -11.6% -20.4% -5.8% 5.78%
2021 -4.4% -7.1% 16.6% 84.09%
2020 2.6% -1.3% 8.8% 60.28%
2019 2.5% 0.3% 7.1% 75.83%

Total Return Ranking - Trailing

Period BGVAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -3.9% 12.8% 9.73%
1 Yr 2.7% -4.4% 28.4% 10.62%
3 Yr -2.4%* -7.9% 10.6% 7.11%
5 Yr -0.4%* -5.6% 3.0% 22.54%
10 Yr 0.5%* -2.1% 3.3% 54.82%

* Annualized

Total Return Ranking - Calendar

Period BGVAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -0.5% 28.8% 44.69%
2022 -9.4% -18.5% -3.3% 5.78%
2021 -1.9% -4.5% 25.3% 59.55%
2020 5.2% -1.3% 13.0% 65.89%
2019 5.1% 1.8% 11.3% 80.57%

NAV & Total Return History


BGVAX - Holdings

Concentration Analysis

BGVAX Category Low Category High BGVAX % Rank
Net Assets 17 M 9.43 M 134 B 98.23%
Number of Holdings 96 17 12663 90.71%
Net Assets in Top 10 5.3 M 5.3 M 53 B 99.56%
Weighting of Top 10 31.06% 4.6% 98.5% 66.37%

Top 10 Holdings

  1. Federal National Mortgage Association 6.39%
  2. United States Treasury Note/Bond 5.53%
  3. Federal National Mortgage Association 3.35%
  4. Federal Home Loan Banks 2.84%
  5. Freddie Mac Multifamily Structured Pass Through Certificates 2.80%
  6. Fannie Mae-Aces 2.17%
  7. Fannie Mae-Aces 2.15%
  8. Fannie Mae-Aces 2.12%
  9. Freddie Mac REMICS 1.96%
  10. Fannie Mae Pool 1.75%

Asset Allocation

Weighting Return Low Return High BGVAX % Rank
Bonds
97.89% 0.07% 159.23% 80.53%
Other
1.65% -23.81% 17.63% 21.68%
Cash
0.46% -20.28% 26.05% 78.32%
Stocks
0.00% 0.00% 96.18% 98.23%
Preferred Stocks
0.00% 0.00% 0.11% 98.23%
Convertible Bonds
0.00% 0.00% 3.29% 98.23%

Bond Sector Breakdown

Weighting Return Low Return High BGVAX % Rank
Securitized
71.65% 0.00% 99.79% 34.07%
Government
20.87% 0.00% 100.00% 53.54%
Corporate
2.13% 0.00% 9.48% 5.75%
Municipal
0.83% 0.00% 5.24% 11.95%
Cash & Equivalents
0.30% 0.00% 26.05% 72.57%
Derivative
0.00% -19.23% 1.69% 75.22%

Bond Geographic Breakdown

Weighting Return Low Return High BGVAX % Rank
US
97.89% 0.07% 159.23% 80.53%
Non US
0.00% 0.00% 2.20% 98.23%

BGVAX - Expenses

Operational Fees

BGVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.03% 3.55% 32.00%
Management Fee 0.32% 0.00% 0.85% 46.90%
12b-1 Fee 0.25% 0.00% 1.00% 54.72%
Administrative Fee 0.11% 0.01% 0.45% 78.10%

Sales Fees

BGVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.00% 2.00% 4.50% 100.00%
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

BGVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BGVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.31% 3.35% 948.00% 30.99%

BGVAX - Distributions

Dividend Yield Analysis

BGVAX Category Low Category High BGVAX % Rank
Dividend Yield 3.96% 0.00% 4.94% 84.96%

Dividend Distribution Analysis

BGVAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BGVAX Category Low Category High BGVAX % Rank
Net Income Ratio 0.64% -0.80% 2.96% 58.22%

Capital Gain Distribution Analysis

BGVAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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BGVAX - Fund Manager Analysis

Managers

Neil Grant


Start Date

Tenure

Tenure Rank

Feb 01, 2016

6.33

6.3%

Mr. Grant, CFA, is a Managing Director and Portfolio Manager with Sterling Capital. He joined Sterling Capital in 2004. Mr. Grant has investment experience since 1991. He is a graduate of Syracuse University where he received his B.S. in Finance. Mr. Grant received his M.B.A. from Emory University. He is a CFA charterholder.

Michael Sun


Start Date

Tenure

Tenure Rank

Feb 01, 2019

3.33

3.3%

Michael Z. Sun, CFA®, Executive Director, joined Sterling Capital Management in 2009 and has investment experience since 1998. Michael is a fixed income portfolio manager responsible for the fixed income structured products. Prior to joining Sterling, he served as vice president, portfolio manager/senior research analyst for Evergreen Investments. Michael received his B.S. in Geography from Nanjing University, his M.S. in Urban and Regional Study from Beijing University and his M.A. in Economics from Bowling Green State University. He holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.38 7.35