Firm Overview

Sterling Capital Management LLC is a registered investment adviser founded in 1970. An investment firm, Sterling is an independently operated subsidiary of BB&T Corporation, one of the nation's largest financial services holding companies. Sterling is headquartered in Charlotte, NC with offices in Raleigh, NC; Atlanta, GA; Washington, D.C.; San Francisco, CA; Richmond, VA; and Virginia Beach, VA. As of 3/31/14, Sterling has over $45 billion in assets under management overseen by 98 investment and client service professionals.

Investment Objective

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 $0.00 $0.00 $0.00 NA
Max. Up Front Sales Charge 2.00% NA NA NA
Max. Deferred Sales Charge NA 5.00% 1.00% NA