Average Annual Total Returns as of (03/31/2013)

Class A Shares Class B Shares Class C Shares Inst'l 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 6.41% 0.34% 6.37% 1.37% 6.26% 5.26% 6.46%
YTD 6.41% 0.34% 6.37% 1.37% 6.26% 5.26% 6.46%
1 Year 8.83% 2.54% 8.05% 4.05% 7.97% 7.97% 9.12%
3 Years 7.20% 5.09% 6.40% 5.51% 6.40% 6.40% 7.46%
5 Years 1.59% 0.39% 0.83% 0.64% 0.86% 0.86% 1.82%
10 Years 5.79% 5.17% 5.18% 5.18% 5.04% 5.04% 6.05%
Since Inception 2.06% 1.56% 1.55% 1.55% 1.31% 1.31% 2.31%

The gross expense ratios for Class A, B and C Shares are 0.33%, 0.33% and 0.33%, respectively. The net expense ratios for Class A, B and C Shares are 1.53%, 2.28% and 2.28%, respectively. The Adviser has contractually agreed to limit certain fees for Class A Shares from February 1, 2013 through January 31, 2014. Performance, yields and Lipper rankings would have been lower without fee waivers in effect

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 Strategic Allocation Equity Fund reflects the deduction of fees for value-added services associated with a mutual fund, such as investment management and fund accounting fees. The inception date for Class A Shares is 3/19/01. The inception date for Class B Shares is 3/19/01. The inception date for Class C Shares is 3/19/01. The performance shown reflects the reinvestment of all dividend and capital gains distributions. The Fund is structured as a fund-of-funds and is subject to the same risks as the funds they hold. Investors will incur the expenses of the Fund in addition to fees of the underlying funds in the portfolio.