Sterling Capital National Municipal Bond ETF (SCNM)

The Sterling Capital National Municipal Bond ETF is an actively managed exchange-traded fund from Sterling Capital Management of Charlotte, North Carolina. It invests primarily in municipal bonds issued by states, cities and other public entities across the United States.

The fund seeks to provide income that is generally exempt from federal income tax, and because it is a national fund it is not concentrated in the bonds of any single state. The managers select securities based on credit research, interest rate positioning and relative value rather than following a benchmark index, focusing mainly on investment-grade municipal debt.