Morningstar Style Box
High
Med.
Sm.
Val. Core GR. 

Behavioral International Equity Fund
Equity Funds

  • a Shares (SBIAX)
    Inception: 12.01.2014
  • c Shares (SBIDX)
    Inception: 12.01.2014
  • i Shares (SBIIX)
    Inception: 12.01.2014

Fund Overview

Philosophy and Process

The Fund seeks maximum long-term total return consistent with reasonable risk to principal, by investing primarily through investments in international developed market equity securities.

To pursue its investment objective, the Fund will invest, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in equity securities of foreign (non-U.S.) companies. Under normal market conditions, the Fund primarily invests in "developed market" equity securities, which encompasses markets included in the MSCI EAFE® Index and other markets with similar characteristics (e.g., sustained economic development, sufficient liquidity for listed companies and accessible markets). The Fund also may invest in securities of real estate investment trusts ("REITs") and exchange-traded funds ("ETFs"). The Fund may invest in securities of issuers of any capitalization range.

Investment Considerations

All investments carry a certain amount of risk and the Fund cannot guarantee that it will achieve its investment objective. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank and is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. You may lose money by investing in the Fund.

Fund Facts
Class A Shares Class C Shares Inst'l Shares
Ticker SBIAX SBIDX SBIIX
Inception Date 12/01/2014 12/01/2014 12/01/2014
Investment Minimum $1,000.00 $1,000.00 $1,000,000.00
Subsequent Investment Minimum* $0.00 $0.00 $0.00
Max. Up Front Sales Charge 5.75% N/A N/A
Max. Deferred Sales Charge N/A 1.00% N/A

*If subsequent investments are made as part of an AIP, the minimum is $25.

Management

Performance

Average Annual Total Returns as of (09/30/2017)
Class A Shares Class C Shares Inst'l Shares
without sales charge with 5.75% sales charge without sales charge with 1.00% sales charge
3 Months 8.70% 2.44% 8.38% 7.38% 8.69%
YTD 22.52% 15.42% 21.76% 20.76% 22.63%
1 Year 23.19% 16.11% 22.19% 21.19% 23.46%
Since Inception 7.29% 5.07% 6.49% 6.49% 7.48%

The gross expense ratios for Class A, C and I Shares are 1.21%, 1.96% and 0.96%, respectively. The net expense ratios for Class A, C and I Shares are 1.00%, 1.75% and 0.75%, respectively. The Fund’s Adviser has contractually agreed to limit the management fees paid by the Fund to 0.40% for the period from February 1, 2016 through January 31, 2017. In addition, Sterling Capital has contractually agreed to waive its fees, pay Fund operating expenses, and/or reimburse the Fund to the extent that Total Annual Fund Operating Expenses (other than acquired fund fees and expenses, interest, taxes, and extraordinary expenses) for the Fund’s Class A Shares, exceed 1.00% of the Class A Shares’ average daily net assets and for the Fund’s Class C Shares, exceed 1.75% of the Class C Shares’ average daily net assets for the period from June 1, 2016 through January 31, 2018. These contractual limitations may be terminated during these periods only by the Fund’s Board of Trustees, and will automatically terminate upon termination of the Investment Advisory Agreement between the Fund and the Adviser.

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/.
 
The performance of the Behavioral International 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 12/01/14. The inception date for Class C Shares is 12/01/14. The performance shown reflects the reinvestment of all dividend and capital gains distributions.

Performance Summary

Characteristics

Top 10 Holdings
as of (09/30/2017)
NameValue
Roche Holding Ag2.14%
Bayer AG1.69%
Sanofi1.68%
Allianz SE1.64%
BNP Paribas SA1.62%
Fiat Chrysler Automobiles NV1.53%
Novo Nordisk A/S1.50%
ING Groep NV1.38%
Societe Generale SA1.38%
Rio Tinto PLC1.34%

Current and future portfolio holdings are subject to change and risk.Based on
Market Value of securities.

Sector Breakdown
as of (09/30/2017)

Hover over slice to view more info.

Sector Breakdown
as of (09/30/2017)
Sector Fund
FINANCIALS 23.95%
INDUSTRIALS 16.02%
CONSUMER DISCRETIONARY 11.70%
HEALTH CARE 8.85%
MATERIALS 8.76%
CONSUMER STAPLES 8.45%
INFORMATION TECHNOLOGY 5.85%
TELECOMMUNICATION SERVICES 5.05%
ENERGY 4.85%
Real Estate 2.51%
UTILITIES 2.35%
EXCHANGE TRADED MUTUAL FUND 1.25%
Cash & Equivalents 0.41%

Allocations are based on the current weight to funds in the cited Sector. The composition of the fund's holdings is subject to change.

Country Allocations as of (09/30/2017)
Country / Region Value
Japan 22.09%
France 13.23%
Britain 12.98%
Germany 8.37%
Spain 5.98%
Australia 5.87%
Netherlands 5.72%
Switzerland 5.61%
Italy 4.53%
Hong Kong 3.46%
Denmark 2.44%
Norway 1.96%
Sweden 1.50%
United States 1.25%
Austria 1.07%
Portugal 0.98%
Singapore 0.98%
China 0.91%
Finland 0.84%
Belgium 0.73%
Cash & Equivalents 0.41%

Current and future portfolio holdings are subject to change and risk.

Statistics

Portfolio Ratios
as of (09/30/2017)
P/E Ratio 12.14
P/B Ratio 1.45
Annual Turnover 92%

*The Funds composition is subject to change.
*Annual Turnover Ratio is 12 month rolling calculation.
*Alpha, Beta, R-Squared, Standard Deviation, and Sharpe Ratio are based on a 10-year calculation.
*Click for a glossary of terms

 


Sterling Capital Funds are:

Not a deposit - Not FDIC insured - Not guaranteed by the bank - Not insured by any government agency - May lose value

An investor should consider a fund's investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the Sterling Capital Funds can be found in the Funds' prospectus. To obtain a prospectus, please call 1 (888) 228-1872 or click here. Please read the prospectus carefully before investing.

Sterling Capital Management LLC, a separate subsidiary of BB&T Corporation, serves as investment adviser to the Sterling Capital Funds and is paid a fee for its services as described in the prospectus. The Funds are distributed by Sterling Capital Distributors LLC, which is not affiliated with Branch Banking and Trust Company or its affiliates. The Funds are not insured by the FDIC or any other government agency