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 12/31/2014, Sterling has over $47 billion in assets under management overseen by 105 investment and client service professionals.

Investment Objective

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
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 $0.00 $0.00 $0.00 NA NA
Max. Up Front Sales Charge 5.75% NA NA NA NA
Max. Deferred Sales Charge NA 5.00% 1.00% NA NA