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Morningstar Category:
Large Growth

Special Opportunities Fund
Equity Funds

  • a Shares (BOPAX)
    Inception: 06.02.2003
  • b Shares (BOPBX)
    Inception: 06.02.2003
  • c Shares (BOPCX)
    Inception: 06.02.2003
  • i Shares (BOPIX)
    Inception: 06.02.2003
  • r Shares (BOPRX)
    Inception: 02.01.2010

Fund Overview

Philosophy and Process

The Fund's management team utilizes fundamental analysis overlaid with top-down macroeconomic trends. The team is style and capitalization neutral when selecting companies. The Fund's objective is capital appreciation with above average returns and below average risk. It has a concentrated portfolio of 24-30 stocks and has the flexibility to shift among styles and differing market caps (large, small, mid, growth or value) to achieve best perceived combination of underlying growth potential at the lowest available valuation. The management team utilizes screens and various forms of research to search for stocks that meet valuation, growth and financial strength objectives and identify themes that transcend day-to-day economic news flows.

Valuation is a key determinant for stocks to enter portfolio. The team looks for below average valuations (P/E) with above average earnings with below average risk and above average returns (ROE).

Investment Considerations

The Fund is subject to investment style risk which depends where the Fund is primarily invested. An investment in growth stocks may be particularly sensitive to market conditions while value stocks may be undervalued for longer than anticipated. The Fund may invest in foreign securities subject to risks such as currency volatility, political and social instability or small capitalization companies subject to greater volatility and less liquidity due to limited resources or product lines. The Fund may engage in writing covered call options. By selling covered call options, the Fund limits its opportunity to profit from an increase in the price of the underlying stock above the exercise price, but continues to bear the risk of a decline in the stock. While the Fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below a stock's current market price.

Fund Facts
Class A Shares Class B Shares Class C Shares Inst'l Shares Class R Shares
Ticker BOPAX BOPBX BOPCX BOPIX BOPRX
Inception Date 06/02/2003 06/02/2003 06/02/2003 06/02/2003 02/01/2010
Investment Minimum $1,000.00 $1,000.00 $1,000.00 $1,000,000.00 $1,000.00
Subsequent Investment Minimum* $0.00 $0.00 $0.00 $0.00 $0.00
Max. Up Front Sales Charge 5.75% N/A N/A N/A N/A
Max. Deferred Sales Charge N/A 5.00% 1.00% N/A N/A

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

Management



The Investment Team Supporting the Fund:



Performance

Average Annual Total Returns as of (12/31/2016)
Class A Shares Class B Shares Class C Shares Inst'l Shares Class R Shares
without sales charge with 5.75% sales charge without sales charge with 5.00% sales charge without sales charge with 1.00% sales charge
3 Months 2.21% -3.66% 2.02% -2.97% 2.02% 1.02% 2.22% 2.08%
YTD 5.13% -0.93% 4.33% 0.33% 4.33% 4.33% 5.36% 4.82%
1 Year 5.13% -0.93% 4.33% 0.33% 4.33% 4.33% 5.36% 4.82%
3 Years 9.42% 7.28% 8.61% 7.75% 8.60% 8.60% 9.69% 9.14%
5 Years 13.93% 12.59% 13.08% 12.95% 13.08% 13.08% 14.20% 13.64%
10 Years 8.32% 7.68% 7.66% 7.66% 7.51% 7.51% 8.58% 8.26%
Since Inception 11.16% 10.68% 10.67% 10.67% 10.33% 10.33% 11.44% 11.19%
View more archived data

The total expense ratios for Class A, B, C, I and R Shares are 1.10%, 1.85%, 1.85%, 0.85% and 1.35%, respectively. 

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 Special Opportunities 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 6/2/03. The inception date for Class B Shares is 6/2/03. The inception date for Class C Shares is 6/2/03.  The inception date for the R Shares is 2/1/10.  Performance for Class R Shares for periods prior to inception is based on the performance of the Institutional Shares of the Fund. The performance shown reflects the reinvestment of all dividend and capital gains distributions.


Performance Summary

Characteristics

Top 10 Holdings
as of (12/31/2016)
NameValue
Comcast Corp., Class A4.47%
Alphabet, Inc.4.42%
Ryman Hospitality Properties, Inc.4.39%
HCA Holdings, Inc.4.32%
Akamai Technologies, Inc.4.05%
CBS Corp.4.03%
Cisco Systems, Inc.3.99%
Norwegian Cruise Line Holdings, Ltd.3.98%
Capital One Financial Corp.3.93%
Verisk Analytics, Inc., Class A3.91%

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

Sector Breakdown
as of (12/31/2016)

Hover over slice to view more info.

Sector Breakdown
as of (12/31/2016)
Sector Fund
CONSUMER DISCRETIONARY 28.60%
INFORMATION TECHNOLOGY 27.17%
HEALTH CARE 24.72%
INDUSTRIALS 8.80%
Real Estate 6.30%
FINANCIALS 3.93%
Cash & Equivalents 0.48%

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

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

Growth of 10k
as of (12/31/2016)

Hover over line chart to view data points.

Growth of 10k
as of (12/31/2016)
Date Portfolio Benchmark 1 Benchmark 2
Special Opportunities Fund 12/31/2016 $22,232.00 $19,810.00 $0.00
Special Opportunities Fund 10/31/2016 $21,925.00 $19,431.00 $0.00
Special Opportunities Fund 09/30/2016 $21,399.00 $18,598.00 $0.00
Special Opportunities Fund 09/30/2016 $21,753.00 $19,010.00 $0.00
Special Opportunities Fund 07/31/2016 $21,642.00 $18,980.00 $0.00
Special Opportunities Fund 06/30/2016 $22,046.00 $18,931.00 $0.00
Special Opportunities Fund 06/30/2016 $21,349.00 $18,209.00 $0.00
Special Opportunities Fund 04/30/2016 $21,844.00 $18,171.00 $0.00
Special Opportunities Fund 03/31/2016 $21,470.00 $17,852.00 $0.00
Special Opportunities Fund 03/31/2016 $21,723.00 $17,742.00 $0.00
Special Opportunities Fund 01/31/2016 $20,318.00 $16,575.00 $0.00
Special Opportunities Fund 12/31/2015 $21,147.00 $17,572.00 $0.00
Special Opportunities Fund 12/31/2015 $20,177.00 $16,580.00 $0.00
Special Opportunities Fund 10/31/2015 $21,545.00 $17,940.00 $0.00
Special Opportunities Fund 09/30/2015 $21,170.00 $17,841.00 $0.00
Special Opportunities Fund 09/30/2015 $20,036.00 $16,535.00 $0.00
Special Opportunities Fund 07/31/2015 $20,402.00 $17,031.00 $0.00
Special Opportunities Fund 06/30/2015 $21,598.00 $18,126.00 $0.00
Special Opportunities Fund 06/30/2015 $20,900.00 $17,828.00 $0.00
Special Opportunities Fund 04/30/2015 $20,961.00 $18,131.00 $0.00
Special Opportunities Fund 03/31/2015 $20,411.00 $17,884.00 $0.00
Special Opportunities Fund 03/31/2015 $20,411.00 $17,803.00 $0.00
Special Opportunities Fund 01/31/2015 $20,411.00 $17,986.00 $0.00
Special Opportunities Fund 12/31/2014 $18,980.00 $17,001.00 $0.00
Special Opportunities Fund 12/31/2014 $19,617.00 $17,488.00 $0.00
Special Opportunities Fund 10/31/2014 $19,651.00 $17,488.00 $0.00
Special Opportunities Fund 09/30/2014 $19,196.00 $17,075.00 $0.00
Special Opportunities Fund 09/30/2014 $19,312.00 $16,617.00 $0.00
Special Opportunities Fund 07/31/2014 $19,800.00 $16,971.00 $0.00
Special Opportunities Fund 06/30/2014 $19,254.00 $16,288.00 $0.00
Special Opportunities Fund 06/30/2014 $19,237.00 $16,616.00 $0.00
Special Opportunities Fund 04/30/2014 $18,608.00 $16,209.00 $0.00
Special Opportunities Fund 03/31/2014 $17,996.00 $15,844.00 $0.00
Special Opportunities Fund 03/31/2014 $18,112.00 $15,863.00 $0.00
Special Opportunities Fund 01/31/2014 $17,930.00 $15,760.00 $0.00
Special Opportunities Fund 12/31/2013 $16,911.00 $15,046.00 $0.00
Special Opportunities Fund 12/31/2013 $16,969.00 $15,537.00 $0.00
Special Opportunities Fund 10/31/2013 $16,736.00 $15,138.00 $0.00
Special Opportunities Fund 09/30/2013 $16,216.00 $14,711.00 $0.00
Special Opportunities Fund 09/30/2013 $15,868.00 $14,111.00 $0.00
Special Opportunities Fund 07/31/2013 $15,393.00 $13,606.00 $0.00
Special Opportunities Fund 06/30/2013 $14,895.00 $13,269.00 $0.00
Special Opportunities Fund 06/30/2013 $15,630.00 $13,996.00 $0.00
Special Opportunities Fund 04/30/2013 $15,066.00 $13,443.00 $0.00
Special Opportunities Fund 03/31/2013 $14,457.00 $13,134.00 $0.00
Special Opportunities Fund 03/31/2013 $14,502.00 $12,922.00 $0.00
Special Opportunities Fund 01/31/2013 $14,057.00 $12,435.00 $0.00
Special Opportunities Fund 12/31/2012 $14,086.00 $12,272.00 $0.00
Special Opportunities Fund 12/31/2012 $13,366.00 $11,634.00 $0.00
Special Opportunities Fund 10/31/2012 $13,205.00 $11,493.00 $0.00
Special Opportunities Fund 09/30/2012 $13,050.00 $11,605.00 $0.00
Special Opportunities Fund 09/30/2012 $13,071.00 $11,405.00 $0.00
Special Opportunities Fund 07/31/2012 $12,684.00 $11,308.00 $0.00
Special Opportunities Fund 06/30/2012 $12,296.00 $11,033.00 $0.00
Special Opportunities Fund 06/30/2012 $12,169.00 $10,924.00 $0.00
Special Opportunities Fund 04/30/2012 $11,852.00 $10,513.00 $0.00
Special Opportunities Fund 03/31/2012 $12,839.00 $11,205.00 $0.00
Special Opportunities Fund 03/31/2012 $13,163.00 $11,279.00 $0.00
Special Opportunities Fund 01/31/2012 $13,001.00 $10,942.00 $0.00
Special Opportunities Fund 12/31/2011 $12,486.00 $10,498.00 $0.00
Special Opportunities Fund 12/31/2011 $11,584.00 $9,993.00 $0.00
Special Opportunities Fund 10/31/2011 $11,639.00 $9,912.00 $0.00
Special Opportunities Fund 09/30/2011 $11,916.00 $9,939.00 $0.00
Special Opportunities Fund 09/30/2011 $10,553.00 $8,913.00 $0.00
Special Opportunities Fund 07/31/2011 $11,625.00 $9,663.00 $0.00
Special Opportunities Fund 06/30/2011 $12,428.00 $10,279.00 $0.00
Special Opportunities Fund 06/30/2011 $12,622.00 $10,520.00 $0.00
Special Opportunities Fund 04/30/2011 $12,850.00 $10,713.00 $0.00
Special Opportunities Fund 03/31/2011 $12,636.00 $10,523.00 $0.00
Special Opportunities Fund 03/31/2011 $12,878.00 $10,836.00 $0.00
Special Opportunities Fund 01/31/2011 $12,594.00 $10,476.00 $0.00
Special Opportunities Fund 12/31/2010 $12,352.00 $10,108.00 $0.00
Special Opportunities Fund 12/31/2010 $12,068.00 $9,892.00 $0.00
Special Opportunities Fund 10/31/2010 $11,456.00 $9,264.00 $0.00
Special Opportunities Fund 09/30/2010 $11,491.00 $9,211.00 $0.00
Special Opportunities Fund 09/30/2010 $10,961.00 $8,864.00 $0.00
Special Opportunities Fund 07/31/2010 $10,280.00 $8,100.00 $0.00
Special Opportunities Fund 06/30/2010 $10,548.00 $8,500.00 $0.00
Special Opportunities Fund 06/30/2010 $9,963.00 $7,948.00 $0.00
Special Opportunities Fund 04/30/2010 $10,383.00 $8,433.00 $0.00
Special Opportunities Fund 03/31/2010 $11,250.00 $9,156.00 $0.00
Special Opportunities Fund 03/31/2010 $11,270.00 $8,963.00 $0.00
Special Opportunities Fund 01/31/2010 $10,699.00 $8,431.00 $0.00
Special Opportunities Fund 12/31/2009 $10,651.00 $8,460.00 $0.00
Special Opportunities Fund 12/31/2009 $10,348.00 $8,155.00 $0.00
Special Opportunities Fund 10/31/2009 $10,300.00 $8,225.00 $0.00
Special Opportunities Fund 09/30/2009 $9,894.00 $7,783.00 $0.00
Special Opportunities Fund 09/30/2009 $10,087.00 $7,988.00 $0.00
Special Opportunities Fund 07/31/2009 $9,667.00 $7,667.00 $0.00
Special Opportunities Fund 06/30/2009 $9,433.00 $7,403.00 $0.00
Special Opportunities Fund 06/30/2009 $8,979.00 $6,868.00 $0.00
Special Opportunities Fund 04/30/2009 $8,890.00 $6,845.00 $0.00
Special Opportunities Fund 03/31/2009 $8,463.00 $6,498.00 $0.00
Special Opportunities Fund 03/31/2009 $7,582.00 $5,879.00 $0.00
Special Opportunities Fund 01/31/2009 $7,225.00 $5,406.00 $0.00
Special Opportunities Fund 12/31/2008 $7,582.00 $6,038.00 $0.00
Special Opportunities Fund 12/31/2008 $7,706.00 $6,592.00 $0.00
Special Opportunities Fund 10/31/2008 $7,226.00 $6,468.00 $0.00
Special Opportunities Fund 09/30/2008 $8,125.00 $7,022.00 $0.00
Special Opportunities Fund 09/30/2008 $9,915.00 $8,536.00 $0.00
Special Opportunities Fund 07/31/2008 $11,324.00 $9,422.00 $0.00
Special Opportunities Fund 06/30/2008 $10,923.00 $9,278.00 $0.00
Special Opportunities Fund 06/30/2008 $10,943.00 $9,353.00 $0.00
Special Opportunities Fund 04/30/2008 $12,138.00 $10,194.00 $0.00
Special Opportunities Fund 03/31/2008 $11,563.00 $9,989.00 $0.00
Special Opportunities Fund 03/31/2008 $10,930.00 $9,513.00 $0.00
Special Opportunities Fund 01/31/2008 $11,137.00 $9,570.00 $0.00
Special Opportunities Fund 12/31/2007 $10,930.00 $9,877.00 $0.00
Special Opportunities Fund 12/31/2007 $11,389.00 $10,514.00 $0.00
Special Opportunities Fund 10/31/2007 $11,557.00 $10,578.00 $0.00
Special Opportunities Fund 09/30/2007 $11,892.00 $11,077.00 $0.00
Special Opportunities Fund 09/30/2007 $11,346.00 $10,877.00 $0.00
Special Opportunities Fund 07/31/2007 $11,148.00 $10,495.00 $0.00
Special Opportunities Fund 06/30/2007 $11,352.00 $10,711.00 $0.00
Special Opportunities Fund 06/30/2007 $10,931.00 $10,346.00 $0.00
Special Opportunities Fund 04/30/2007 $11,315.00 $10,916.00 $0.00
Special Opportunities Fund 03/31/2007 $10,819.00 $10,532.00 $0.00
Special Opportunities Fund 03/31/2007 $10,552.00 $10,128.00 $0.00
Special Opportunities Fund 01/31/2007 $10,360.00 $10,023.00 $0.00
Special Opportunities Fund 12/31/2006 $10,397.00 $10,190.00 $0.00
Special Opportunities Fund 12/31/2006 $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 12/31/2016. It includes the reinvestment of dividends and capital gains.

Statistics

Portfolio Statistics
as of (12/31/2016)
Alpha 2.18
Beta 0.90
R-Squared 85.05
Standard Deviation 15.37
Sharpe Ratio 0.51
Weighted Avg Market Cap. $62.5B
Portfolio Ratios
as of (12/31/2016)
P/E Ratio 17.76
P/B Ratio 3.06
Annual Turnover 25%

*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

 

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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