Average Annual Total Returns as of (06/30/2014)

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 4.03% -1.95% 3.90% -1.10% 3.86% 2.86% 4.11% 4.27%
YTD 3.93% -2.05% 3.56% -1.44% 3.52% 2.52% 4.00% 4.00%
1 Year 22.98% 15.88% 22.10% 18.10% 22.11% 22.11% 23.31% 22.58%
3 Years 14.90% 12.65% 14.04% 13.27% 14.02% 14.02% 15.16% 14.29%
5 Years 20.21% 18.81% 19.32% 19.22% 19.31% 19.31% 20.51% 19.84%
10 Years 10.01% 9.37% 9.33% 9.33% 9.15% 9.15% 10.25% 9.94%
Since Inception 10.33% 9.97% 9.94% 9.94% 9.70% 9.70% 10.58% 10.41%

The total expense ratios for Class A, B and C Shares are 1.18%, 1.93% and 1.93%, respectively. There are currently no waivers in effect for A, B and C Shares.

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.php.

The performance of the Mid Value Fund includes the performance of the OVB Equity Income Portfolio for the period prior to its consolidation with the Mid Value Fund, which commenced operations on 7/23/01, and reflects the deduction of fees for value-added services associated with a mutual fund, such as investment management and fund accounting fees. The performance inception date for the Fund is 8/1/96. The inception date for Class A Shares is 7/23/01. The inception date for Class B Shares is 7/25/01. The inception date for Class C Shares is 7/25/01. The performance of Class B Shares is based on the historical performance of Class A Shares, adjusted to reflect the 5% contingent deferred sales charge. 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. The performance shown reflects the reinvestment of all dividend and capital gains distributions.