Morningstar Style Box
Val. Core GR. 
Overall Morningstar Rating™

Morningstar Category:
Foreign Large Value

Behavioral International Equity Fund
Equity Funds

  • a Shares (SBIAX)
    Inception: 12.01.2014
  • c Shares (SBIDX)
    Inception: 12.01.2014
  • i Shares (SBIIX)
    Inception: 12.01.2014
  • r6 Shares (STRCX)
    Inception: 02.01.2018

Fund Overview

Philosophy and Process

The Fund seeks maximum long-term total return consistent with reasonable risk to principal, by investing primarily through investments in international developed market equity securities.

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 equity securities of foreign (non-U.S.) companies. Under normal market conditions, the Fund primarily invests in "developed market" equity securities, which encompasses markets included in the MSCI EAFE® Index and other markets with similar characteristics (e.g., sustained economic development, sufficient liquidity for listed companies and accessible markets). The Fund also may invest in securities of real estate investment trusts ("REITs") and exchange-traded funds ("ETFs"). The Fund may invest in securities of issuers of any capitalization range.

Investment Considerations

All investments carry a certain amount of risk and the Fund cannot guarantee that it will achieve its investment objective. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank and is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. You may lose money by investing in the Fund.

Fund Facts
Class A Shares Class C Shares Inst'l Shares
Inception Date 12/01/2014 12/01/2014 12/01/2014
Investment Minimum $1,000.00 $1,000.00 $1,000,000.00
Subsequent Investment Minimum* $0.00 $0.00 $0.00
Max. Up Front Sales Charge 5.75% N/A N/A
Max. Deferred Sales Charge N/A 1.00% N/A

*If subsequent investments are made as part of an AIP, the minimum is $25.



Average Annual Total Returns as of (12/31/2017)
Class A Shares Class C Shares Inst'l Shares
without sales charge with 5.75% sales charge without sales charge with 1.00% sales charge
3 Months 3.47% -2.51% 3.30% 2.30% 3.52%
YTD 26.77% 19.42% 25.78% 25.78% 26.95%
1 Year 26.77% 19.42% 25.78% 25.78% 26.95%
3 Years 9.08% 6.95% 8.24% 8.24% 9.28%
Since Inception 7.86% 5.81% 7.07% 7.07% 8.05%

The gross expense ratios for Class A, C and I Shares are 1.21%, 1.96% and 0.96%, respectively. The net expense ratios for Class A, C and I Shares are 1.00%, 1.75% and 0.75%, respectively. The Fund’s Adviser has contractually agreed to limit the management fees paid by the Fund to 0.40% for the period from February 1, 2017 through January 31, 2018. In addition, Sterling Capital has contractually agreed to waive its fees, pay Fund operating expenses, and/or reimburse the Fund to the extent that Total Annual Fund Operating Expenses (other than acquired fund fees and expenses, interest, taxes, and extraordinary expenses) for the Fund’s Class A Shares, exceed 1.00% of the Class A Shares’ average daily net assets and for the Fund’s Class C Shares, exceed 1.75% of the Class C Shares’ average daily net assets for the period from June 1, 2016 through January 31, 2018. These contractual limitations may be terminated during these periods only by the Fund’s Board of Trustees, and will automatically terminate upon termination of the Investment Advisory Agreement between the Fund and the Adviser.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit
The performance of the Behavioral International Equity Fund reflects the deduction of fees for value-added services associated with a mutual fund, such as investment management and fund accounting fees. The inception date for Class A Shares is 12/01/14. The inception date for Class C Shares is 12/01/14. The performance shown reflects the reinvestment of all dividend and capital gains distributions.

Performance Summary


Top 10 Holdings
as of (12/31/2017)
HSBC Holdings PLC2.32%
Roche Holding AG2.09%
Allianz SE1.64%
GlaxoSmithKline PLC1.49%
Rio Tinto PLC1.49%
BNP Paribas SA1.47%
Glencore PLC1.46%
UBS Group AG1.37%
ING Groep NV1.36%
Hitachi, Ltd.1.32%

Current and future portfolio holdings are subject to change and risk.Based on
Market Value of securities.

Sector Breakdown
as of (12/31/2017)

Hover over slice to view more info.

Sector Breakdown
as of (12/31/2017)
Sector Fund
ENERGY 6.36%
Real Estate 3.39%
Cash & Equivalents 0.26%

Allocations are based on the current weight to funds in the cited Sector. The composition of the fund's holdings is subject to change.

Country Allocations as of (12/31/2017)
Country / Region Value
Japan 26.16%
Britain 20.79%
France 11.90%
Germany 6.98%
Switzerland 6.09%
Spain 5.20%
Australia 4.80%
Netherlands 4.72%
Italy 4.04%
Singapore 1.84%
Hong Kong 1.53%
Austria 1.14%
Finland 1.09%
Denmark 0.97%
Norway 0.95%
Sweden 0.73%
Belgium 0.72%
Cash & Equivalents 0.26%
Israel 0.09%

Current and future portfolio holdings are subject to change and risk.


Portfolio Ratios
as of (12/31/2017)
P/E Ratio 12.13
P/B Ratio 1.47
Annual Turnover 90%

*The Funds composition is subject to change.
*Annual Turnover Ratio is 12 month rolling calculation.
*Alpha, Beta, R-Squared, Standard Deviation, and Sharpe Ratio are based on a 10-year calculation.
*Click for a glossary of terms


© 2018 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Sterling Capital Funds are:

Not a deposit - Not FDIC insured - Not guaranteed by the bank - Not insured by any government agency - May lose value

An investor should consider a fund's investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the Sterling Capital Funds can be found in the Funds' prospectus. To obtain a prospectus, please call 1 (888) 228-1872 or click here. Please read the prospectus carefully before investing.

Sterling Capital Management LLC, a separate subsidiary of BB&T Corporation, serves as investment adviser to the Sterling Capital Funds and is paid a fee for its services as described in the prospectus. The Funds are distributed by Sterling Capital Distributors LLC, which is not affiliated with Branch Banking and Trust Company or its affiliates. The Funds are not insured by the FDIC or any other government agency