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 3/31/13, Sterling has over $43 billion in assets under management overseen by 101 investment and client service professionals.

Investment Objective

The Fund purchases primarily U.S. traded companies that the portfolio manager believes are priced significantly below their intrinsic worth as well as those that demonstrate sustainable competitive advantage that drive growth in intrinsic value. The portfolio management team partners with shareholder-oriented company management that has demonstrated a track record of strong capital allocation and reinvestment.

The management process identifies investment opportunities from the broad equity universe using fundamental analysis, valuation and risk management to select 40 to 60 holdings within the fund.

Investment Considerations

The Fund may invest in undervalued securities which may not appreciate in value as anticipated or remain undervalued for longer than anticipated. Investments made in small to mid-capitalization companies are subject to greater risks than large company stocks due to limited resources and inventory as well as more sensitive to adverse conditions. The Fund may invest in foreign securities which may be more volatile and less liquid due to currency fluctuation, political instability, social and economic risks.

Fund Facts