Portfolio Management

Kevin E. McNair, CFA
Sterling Capital Management LLC

Kevin joined Sterling Capital Management in 1994. He has investment experience since 1994. Kevin is a graduate of the University of North Carolina at Chapel Hill where he received his BA in Economics. He received his MA in Economics from North Carolina State University. He is also a CFA Charterholder.

The Investment Team for the Sterling Capital U.S. Treasury Money Market Fund includes 18 investment professionals with an average of more than 17 years industry experience.

"The Fund is designed for investors who seek current income, liquidity and stability, but with an addedmeasure of safety offered by a portfolio that invests exclusively in U.S. government securities. We have found that conservatively laddering the portfolio with Treasury securities and overnight repurchase agreements allows us to take advantage of higher yields along the yield curve. Laddering also provides us with the flexibility to react swiftly to changes in government policy, which can affect money market instruments. An added benefit is the state and local tax exemption provided by the income earned on the portfolio's Treasury securities. Tax-exempt income boosts the Fund's after-tax yields for investors, especially those who live in high-tax states."