Morningstar Style Box
High
Med.
Low
Ltd. Mod. Ext. 

Intermediate U.S. Government Fund
Fixed Income Funds

  • a Shares (BGVAX)
    Inception: 10.09.1992
  • b Shares (BUSGX)
    Inception: 01.01.1996
  • c Shares (BIUCX)
    Inception: 02.01.2001
  • i Shares (BBGVX)
    Inception: 10.09.1992

Fund Overview

Philosophy and Process

The Fund seeks current income consistent with the preservation of capital.

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.

Investment Considerations

The Fund is subject to the same risks as the underlying bonds in the portfolio such as credit, prepayment, call and interest rate risk. As interest rates rise the value of bond prices will decline and an investor may lose money. The Fund may invest in mortgage backed securities which tend to be more sensitive to changes in interest rates. The Fund invests in U.S. Government securities or its agencies (such as Fannie Mae or Freddie Mac securities). Although U.S. Government Securities issued directly by the U.S. Government are guaranteed by the U.S. Treasury, other U.S. Government Securities issued by an agency or instrumentality of the U.S. government may not be. No assurance can be given that the U.S. government would provide financial support to its agencies and instrumentalities if not required to do so by law.

Fund Facts
Class A Shares Class B Shares Class C Shares Inst'l Shares
Ticker BGVAX BUSGX BIUCX BBGVX
Inception Date 10/09/1992 01/01/1996 02/01/2001 10/09/1992
Investment Minimum $1,000.00 $1,000.00 $1,000.00 $1,000,000.00
Subsequent Investment Minimum* $0.00 $0.00 $0.00 $0.00
Max. Up Front Sales Charge 2.00% N/A N/A N/A
Max. Deferred Sales Charge N/A 5.00% 1.00% N/A

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

Management



The investment team supporting the fund includes 24 investment professionals.

Performance

Average Annual Total Returns as of (03/31/2017)
Class A Shares Class B Shares Class C Shares Inst'l Shares
without sales charge with 2.00% sales charge without sales charge with 5.00% sales charge without sales charge with 1.00% sales charge
3 Months 0.60% -1.39% 0.31% -4.70% 0.31% -0.69% 0.66%
YTD 0.60% -1.39% 0.31% -4.70% 0.31% -0.69% 0.66%
1 Year -1.10% -3.09% -1.86% -5.74% -1.84% -1.84% -0.85%
3 Years 1.09% 0.41% 0.29% -0.68% 0.30% 0.30% 1.34%
5 Years 0.78% 0.37% 0.02% -0.17% 0.02% 0.02% 1.03%
10 Years 2.94% 2.73% 2.31% 2.31% 2.17% 2.17% 3.18%
Since Inception 4.36% 4.27% 4.07% 4.07% 3.87% 3.87% 4.61%
View more archived data

The gross expense ratios for Class A, B, C and I Shares are 0.96%, 1.71%, 1.71% and 0.71%, respectively. The net expense ratios for Class A, B, C and I Shares are 0.85%, 1.60%, 1.60% and 0.60%, respectively. The Fund’s Adviser has contractually agreed to limit the management fees paid by the Fund to 0.32% for the period from February 1, 2016 through January 31, 2017. This contractual limitation may be terminated during this period only by the Fund’s Board of Trustees, and will automatically terminate upon termination of the Investment Advisory Agreement between the Fund and Sterling Capital Management LLC (“Sterling Capital”).

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 www.sterlingcapitalfunds.com/funds/performance-summary/.

The performance of the Intermediate U.S. Government 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 10/9/92. The inception date for Class B Shares is 1/1/96. The inception date for Class C Shares is 2/1/01. The inception date for Institutional Shares is 2/1/13.  The performance of Class B Shares is based on the historical performance of Class A Shares. The performance of Class C Shares is based on the historical performance of Class A Shares, adjusted to reflect the 1% contingent deferred sales charge. Performance does not reflect Class B or Class C Share 12b-1 fees or expenses. Performance of Institutional Shares prior to inception is based on the performance of Class S Shares of the Fund which were re-designated as Institutional Shares as of February 1, 2013. With those adjustments, performance would be lower. The performance shown reflects the reinvestment of all dividend and capital gains distributions.


Performance Summary

Characteristics

Quality Breakdown¹
as of (03/31/2017)

Hover over slice to view more info.

Quality Breakdown¹
as of (03/31/2017)
Name Value
AAA 23.2%
AA 5.9%
A 7.1%
Government 63.8%

¹ Credit quality ratings using Moody's rating symbols reflect the credit quality of the underlying bonds in the fund portfolio and not of the Fund itself. Moody's assigns a range of ratings from Aaa being the highest quality to C being the lowest rated class of bonds. Securities not rated by Moody's may be rated by S&P, Fitch or if no agency rating is available, the Fund will assign a rating of not rated. Bond quality ratings are subject to change.

Effective Duration Breakdown
as of (03/31/2017)
Name Value
[Cash] 1.6
0-1 Yr. 21.9 %
1-2 Yrs. 6.9 %
2-3 Yrs. 6.7 %
3-5 Yrs. 29.8 %
5-10 Yrs. 33.0 %
Number of Holdings 62
Average Life 4.85 Years
Effective Duration 4.10 Years
CouponCurveDuration 4.15 Years
Portfolio Composition
as of (03/31/2017)
Composition Fund Index
Corporate 10.70% 0.00%
   Financial Institutions 4.50% 0.00%
   Industrial 5.20% 0.00%
   Utility 1.00% 0.00%
Government Related 31.10% 6.20%
   Agency 27.50% 6.20%
   Local Authority 3.60% 0.00%
Securitized 20.30% 0.00%
   ABS 1.30% 0.00%
   CMBS 4.30% 0.00%
   CMO 8.60% 0.00%
   MBS Passthrough 6.10% 0.00%
Treasury 36.30% 93.80%
   Treasury 36.30% 93.80%
Cash & Equivalents 1.60% 0.00%
   Cash & Equivalents 1.60% 0.00%
0.00% 0.00%
TOTAL 100% 100%
Top 10 Holdings
as of (03/31/2017)
NameValue
FFCB12.02%
FNMA5.19%
U.S. Treasury Notes4.56%
U.S. Treasury Notes4.08%
U. S. Treasury Inflation Indexed Bonds4.08%
U.S. Treasury Notes3.94%
U.S. Treasury Notes3.92%
FNMA, Pool #FN00003.19%
U.S. Treasury Notes2.86%
FNMA2.80%

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

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

Growth of 10k
as of (03/31/2017)

Hover over line chart to view data points.

Growth of 10k
as of (03/31/2017)
Date Portfolio Benchmark 1 Benchmark 2
Intermediate U.S. Government Fund 03/31/2017 $13,355.00 $13,865.00 $0.00
Intermediate U.S. Government Fund 01/31/2017 $13,355.00 $13,858.00 $0.00
Intermediate U.S. Government Fund 12/31/2016 $13,308.00 $13,818.00 $0.00
Intermediate U.S. Government Fund 12/31/2016 $13,276.00 $13,791.00 $0.00
Intermediate U.S. Government Fund 10/31/2016 $13,295.00 $13,795.00 $0.00
Intermediate U.S. Government Fund 09/30/2016 $13,553.00 $14,030.00 $0.00
Intermediate U.S. Government Fund 09/30/2016 $13,638.00 $14,098.00 $0.00
Intermediate U.S. Government Fund 07/31/2016 $13,619.00 $14,074.00 $0.00
Intermediate U.S. Government Fund 06/30/2016 $13,675.00 $14,137.00 $0.00
Intermediate U.S. Government Fund 06/30/2016 $13,664.00 $14,132.00 $0.00
Intermediate U.S. Government Fund 04/30/2016 $13,480.00 $13,935.00 $0.00
Intermediate U.S. Government Fund 03/31/2016 $13,504.00 $13,958.00 $0.00
Intermediate U.S. Government Fund 03/31/2016 $13,509.00 $13,954.00 $0.00
Intermediate U.S. Government Fund 01/31/2016 $13,458.00 $13,932.00 $0.00
Intermediate U.S. Government Fund 12/31/2015 $13,403.00 $13,864.00 $0.00
Intermediate U.S. Government Fund 12/31/2015 $13,216.00 $13,647.00 $0.00
Intermediate U.S. Government Fund 10/31/2015 $13,251.00 $13,673.00 $0.00
Intermediate U.S. Government Fund 09/30/2015 $13,300.00 $13,718.00 $0.00
Intermediate U.S. Government Fund 09/30/2015 $13,322.00 $13,762.00 $0.00
Intermediate U.S. Government Fund 07/31/2015 $13,277.00 $13,660.00 $0.00
Intermediate U.S. Government Fund 06/30/2015 $13,279.00 $13,653.00 $0.00
Intermediate U.S. Government Fund 06/30/2015 $13,244.00 $13,598.00 $0.00
Intermediate U.S. Government Fund 04/30/2015 $13,317.00 $13,651.00 $0.00
Intermediate U.S. Government Fund 03/31/2015 $13,321.00 $13,644.00 $0.00
Intermediate U.S. Government Fund 03/31/2015 $13,353.00 $13,656.00 $0.00
Intermediate U.S. Government Fund 01/31/2015 $13,305.00 $13,585.00 $0.00
Intermediate U.S. Government Fund 12/31/2014 $13,425.00 $13,702.00 $0.00
Intermediate U.S. Government Fund 12/31/2014 $13,212.00 $13,488.00 $0.00
Intermediate U.S. Government Fund 10/31/2014 $13,230.00 $13,523.00 $0.00
Intermediate U.S. Government Fund 09/30/2014 $13,170.00 $13,455.00 $0.00
Intermediate U.S. Government Fund 09/30/2014 $13,084.00 $13,361.00 $0.00
Intermediate U.S. Government Fund 07/31/2014 $13,138.00 $13,407.00 $0.00
Intermediate U.S. Government Fund 06/30/2014 $13,090.00 $13,359.00 $0.00
Intermediate U.S. Government Fund 06/30/2014 $13,067.00 $13,325.00 $0.00
Intermediate U.S. Government Fund 04/30/2014 $13,077.00 $13,376.00 $0.00
Intermediate U.S. Government Fund 03/31/2014 $13,002.00 $13,287.00 $0.00
Intermediate U.S. Government Fund 03/31/2014 $12,928.00 $13,239.00 $0.00
Intermediate U.S. Government Fund 01/31/2014 $12,955.00 $13,291.00 $0.00
Intermediate U.S. Government Fund 12/31/2013 $12,910.00 $13,264.00 $0.00
Intermediate U.S. Government Fund 12/31/2013 $12,775.00 $13,156.00 $0.00
Intermediate U.S. Government Fund 10/31/2013 $12,854.00 $13,255.00 $0.00
Intermediate U.S. Government Fund 09/30/2013 $12,801.00 $13,211.00 $0.00
Intermediate U.S. Government Fund 09/30/2013 $12,858.00 $13,260.00 $0.00
Intermediate U.S. Government Fund 07/31/2013 $12,720.00 $13,114.00 $0.00
Intermediate U.S. Government Fund 06/30/2013 $12,789.00 $13,173.00 $0.00
Intermediate U.S. Government Fund 06/30/2013 $12,785.00 $13,158.00 $0.00
Intermediate U.S. Government Fund 04/30/2013 $12,980.00 $13,264.00 $0.00
Intermediate U.S. Government Fund 03/31/2013 $13,150.00 $13,400.00 $0.00
Intermediate U.S. Government Fund 03/31/2013 $13,085.00 $13,341.00 $0.00
Intermediate U.S. Government Fund 01/31/2013 $13,080.00 $13,325.00 $0.00
Intermediate U.S. Government Fund 12/31/2012 $13,097.00 $13,322.00 $0.00
Intermediate U.S. Government Fund 12/31/2012 $13,015.00 $13,271.00 $0.00
Intermediate U.S. Government Fund 10/31/2012 $13,152.00 $13,346.00 $0.00
Intermediate U.S. Government Fund 09/30/2012 $13,113.00 $13,297.00 $0.00
Intermediate U.S. Government Fund 09/30/2012 $13,135.00 $13,318.00 $0.00
Intermediate U.S. Government Fund 07/31/2012 $13,108.00 $13,320.00 $0.00
Intermediate U.S. Government Fund 06/30/2012 $13,092.00 $13,314.00 $0.00
Intermediate U.S. Government Fund 06/30/2012 $12,994.00 $13,235.00 $0.00
Intermediate U.S. Government Fund 04/30/2012 $13,010.00 $13,253.00 $0.00
Intermediate U.S. Government Fund 03/31/2012 $12,950.00 $13,164.00 $0.00
Intermediate U.S. Government Fund 03/31/2012 $12,848.00 $13,046.00 $0.00
Intermediate U.S. Government Fund 01/31/2012 $12,880.00 $13,107.00 $0.00
Intermediate U.S. Government Fund 12/31/2011 $12,901.00 $13,163.00 $0.00
Intermediate U.S. Government Fund 12/31/2011 $12,826.00 $13,096.00 $0.00
Intermediate U.S. Government Fund 10/31/2011 $12,726.00 $13,027.00 $0.00
Intermediate U.S. Government Fund 09/30/2011 $12,661.00 $12,984.00 $0.00
Intermediate U.S. Government Fund 09/30/2011 $12,702.00 $13,007.00 $0.00
Intermediate U.S. Government Fund 07/31/2011 $12,637.00 $12,974.00 $0.00
Intermediate U.S. Government Fund 06/30/2011 $12,346.00 $12,604.00 $0.00
Intermediate U.S. Government Fund 06/30/2011 $12,492.00 $12,768.00 $0.00
Intermediate U.S. Government Fund 04/30/2011 $12,374.00 $12,613.00 $0.00
Intermediate U.S. Government Fund 03/31/2011 $12,252.00 $12,469.00 $0.00
Intermediate U.S. Government Fund 03/31/2011 $12,131.00 $12,347.00 $0.00
Intermediate U.S. Government Fund 01/31/2011 $12,125.00 $12,352.00 $0.00
Intermediate U.S. Government Fund 12/31/2010 $12,096.00 $12,380.00 $0.00
Intermediate U.S. Government Fund 12/31/2010 $12,100.00 $12,345.00 $0.00
Intermediate U.S. Government Fund 10/31/2010 $12,310.00 $12,513.00 $0.00
Intermediate U.S. Government Fund 09/30/2010 $12,393.00 $12,586.00 $0.00
Intermediate U.S. Government Fund 09/30/2010 $12,349.00 $12,540.00 $0.00
Intermediate U.S. Government Fund 07/31/2010 $12,385.00 $12,506.00 $0.00
Intermediate U.S. Government Fund 06/30/2010 $12,234.00 $12,370.00 $0.00
Intermediate U.S. Government Fund 06/30/2010 $12,145.00 $12,279.00 $0.00
Intermediate U.S. Government Fund 04/30/2010 $12,035.00 $12,118.00 $0.00
Intermediate U.S. Government Fund 03/31/2010 $11,876.00 $11,891.00 $0.00
Intermediate U.S. Government Fund 03/31/2010 $11,937.00 $11,976.00 $0.00
Intermediate U.S. Government Fund 01/31/2010 $11,893.00 $11,964.00 $0.00
Intermediate U.S. Government Fund 12/31/2009 $11,834.00 $11,913.00 $0.00
Intermediate U.S. Government Fund 12/31/2009 $11,705.00 $11,760.00 $0.00
Intermediate U.S. Government Fund 10/31/2009 $11,853.00 $11,980.00 $0.00
Intermediate U.S. Government Fund 09/30/2009 $11,758.00 $11,835.00 $0.00
Intermediate U.S. Government Fund 09/30/2009 $11,718.00 $11,809.00 $0.00
Intermediate U.S. Government Fund 07/31/2009 $11,659.00 $11,743.00 $0.00
Intermediate U.S. Government Fund 06/30/2009 $11,567.00 $11,669.00 $0.00
Intermediate U.S. Government Fund 06/30/2009 $11,494.00 $11,619.00 $0.00
Intermediate U.S. Government Fund 04/30/2009 $11,444.00 $11,651.00 $0.00
Intermediate U.S. Government Fund 03/31/2009 $11,459.00 $11,704.00 $0.00
Intermediate U.S. Government Fund 03/31/2009 $11,463.00 $11,789.00 $0.00
Intermediate U.S. Government Fund 01/31/2009 $11,310.00 $11,628.00 $0.00
Intermediate U.S. Government Fund 12/31/2008 $11,298.00 $11,649.00 $0.00
Intermediate U.S. Government Fund 12/31/2008 $11,371.00 $11,798.00 $0.00
Intermediate U.S. Government Fund 10/31/2008 $11,071.00 $11,536.00 $0.00
Intermediate U.S. Government Fund 09/30/2008 $10,625.00 $11,153.00 $0.00
Intermediate U.S. Government Fund 09/30/2008 $10,761.00 $11,113.00 $0.00
Intermediate U.S. Government Fund 07/31/2008 $10,626.00 $11,060.00 $0.00
Intermediate U.S. Government Fund 06/30/2008 $10,641.00 $10,976.00 $0.00
Intermediate U.S. Government Fund 06/30/2008 $10,688.00 $10,918.00 $0.00
Intermediate U.S. Government Fund 04/30/2008 $10,703.00 $10,875.00 $0.00
Intermediate U.S. Government Fund 03/31/2008 $10,782.00 $10,974.00 $0.00
Intermediate U.S. Government Fund 03/31/2008 $10,788.00 $11,122.00 $0.00
Intermediate U.S. Government Fund 01/31/2008 $10,760.00 $11,054.00 $0.00
Intermediate U.S. Government Fund 12/31/2007 $10,724.00 $10,935.00 $0.00
Intermediate U.S. Government Fund 12/31/2007 $10,532.00 $10,683.00 $0.00
Intermediate U.S. Government Fund 10/31/2007 $10,485.00 $10,649.00 $0.00
Intermediate U.S. Government Fund 09/30/2007 $10,219.00 $10,336.00 $0.00
Intermediate U.S. Government Fund 09/30/2007 $10,295.00 $10,399.00 $0.00
Intermediate U.S. Government Fund 07/31/2007 $10,144.00 $10,266.00 $0.00
Intermediate U.S. Government Fund 06/30/2007 $10,007.00 $10,123.00 $0.00
Intermediate U.S. Government Fund 06/30/2007 $9,917.00 $10,000.00 $0.00
Intermediate U.S. Government Fund 04/30/2007 $9,960.00 $9,987.00 $0.00
Intermediate U.S. Government Fund 03/31/2007 $10,045.00 $10,044.00 $0.00
Intermediate U.S. Government Fund 03/31/2007 $10,000.00 $10,000.00 $0.00
View more archived data

The Growth of $10,000 chart is hypothetical based upon the performance of A Shares at NAV for the period ended 03/31/2017. It includes the reinvestment of dividends and capital gains.

Distribution

Monthly Dividend Distribution
as of (04/30/2017)
Month Class A Shares Class B Shares Class C Shares Inst'l Shares
April 2017 $0.0182 / share $0.0119 / share $0.0121 / share $0.0203 / share
March 2017 $0.0204 / share $0.0140 / share $0.0141 / share $0.0225 / share
February 2017 $0.0147 / share $0.0089 / share $0.0089 / share $0.0166 / share
January 2017 $0.0142 / share $0.0072 / share $0.0079 / share $0.0163 / share
December 2016 $0.0157 / share $0.0094 / share $0.0094 / share $0.0179 / share
November 2016 $0.0162 / share $0.0099 / share $0.0100 / share $0.0183 / share
October 2016 $0.0167 / share $0.0100 / share $0.0101 / share $0.0188 / share
September 2016 $0.0140 / share $0.0076 / share $0.0076 / share $0.0161 / share
August 2016 $0.0180 / share $0.0114 / share $0.0115 / share $0.0202 / share
July 2016 $0.0181 / share $0.0115 / share $0.0115 / share $0.0203 / share
June 2016 $0.0192 / share $0.0128 / share $0.0128 / share $0.0213 / share
May 2016 $0.0181 / share $0.0115 / share $0.0116 / share $0.0203 / share
Annual Distribution Rate
as of (04/30/2017)
Class A Shares Class B Shares Class C Shares Inst'l Shares
Load 2.00% 1.67% 1.28% -
No Load 2.04% 1.27% 1.28% 2.30%

To view quarterly standardized returns, please click here.

30-Day SEC Yield
as of (03/31/2017)
Fund Class 30-Day SEC Yield
Without Waivers With Waivers
Class A 0.02% 0.02%
Class B 0.01% 0.01%
Class C 0.01% 0.01%
Class I 0.02% 0.02%

SEC Yield is an annualization of the Fund's total net investment income per share for the 30-day period ended on the last day of the month.

The Adviser has contractually agreed to limit certain fees from February 1, 2015 through January 31, 2016. Performance would have been lower without limitations in effect.

The Distribution Rate represents the amount of dividends that the Fund paid out over the past twelve months, as a percentage of the Fund's current net asset value.

Past performance does not guarantee future results.

 


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