BBNTX Fees and Costs — Sterling Capital North Carolina Intermediate Tax-Free Fund, Institutional Class
Data updated: 2026-08-31
The net expense ratio is 0.58%: a 0.35% management fee plus 0.23% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 30%.
BBNTX Fees and Expenses
Annual operating expenses and sales charges of BBNTX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BBNTX Costs Over Time
On $10,000 invested in BBNTX, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.58%) | $61 | $191 | $332 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $366 |
| Value after costs | $10,439 | $11,376 | $12,397 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
BBNTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $76.4M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
BBNTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $9.3M | 21.19% |
| BOFA SECURITIES, INC. | $7.5M | 17.13% |
| WELLS FARGO SECURITIES, LLC | $7.0M | 16.00% |
| Pershing LLC | $5.0M | 11.42% |
| MESIROW FINANCIAL INC | $4.6M | 10.42% |
| TD Securities | $4.4M | 10.02% |
| PNC Capital Markets LLC | $2.9M | 6.65% |
| Robert W. Baird & Co. Incorporated | $1.3M | 3.04% |
| MURIEL SIEBERT & CO., INC. | $1.2M | 2.73% |
| Goldman, Sachs & Co | $617K | 1.40% |
Sterling Capital North Carolina Intermediate Tax-Free Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BBNTX | Institutional Class | 0.58% | none |
| BNCAX | Class A | 0.83% | 2.00% |
| BBNCX | Class C | 1.58% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.