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Morningstar Category:

Behavioral Small Cap Value Equity Fund
Equity Funds

  • a Shares (SPSAX)
    Inception: 01.02.1997
  • c Shares (SPSDX)
    Inception: 01.02.1997
  • i Shares (SPSCX)
    Inception: 01.02.1997
  • r Shares (SPSRX)
    Inception: 01.02.1997

Fund Overview

As of February 1, 2015, the Sterling Capital Small Cap Value Diversified Fund was renamed Sterling Capital Behavioral Small Cap Value Equity Fund.

Philosophy and Process

The investment team applies "behavioral finance" principles in constructing the Fund's portfolio. Behavioral finance theorizes that investment decisions are often influenced by emotion, and that investors can be both predictable and irrational at times in their decision making. Emotional investment decisions can lead to stock price anomalies that create buying opportunities in the marketplace. The Team seeks to capitalize on these behaviorally driven anomalies by employing a disciplined investment process that ranks companies in the Small Cap Value Diversified Fund's investment universe. Factors in the process include valuation, price momentum and earnings revisions. The Team also takes into account factors such as market capitalization and sector exposure in building a diversified portfolio.

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
Class A Shares Class C Shares Inst'l Shares Class R Shares
Ticker SPSAX SPSDX SPSCX SPSRX
Inception Date 01/02/1997 01/02/1997 01/02/1997 01/02/1997
Investment Minimum $1,000.00 $1,000.00 $1,000,000.00 $1,000.00
Subsequent Investment Minimum* $0.00 $0.00 $0.00 $0.00
Max. Up Front Sales Charge 5.75% N/A N/A N/A
Max. Deferred Sales Charge N/A 1.00% N/A 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 Class R Shares
without sales charge with 5.75% sales charge without sales charge with 1.00% sales charge
3 Months 6.06% -0.05% 5.86% 4.86% 6.12% 6.02%
YTD 5.21% -0.86% 4.61% 3.61% 5.34% 5.05%
1 Year 21.65% 14.63% 20.73% 20.73% 21.89% 21.52%
3 Years 10.84% 8.68% 9.97% 9.97% 11.08% 10.56%
5 Years 13.42% 12.09% 12.57% 12.57% 13.69% 13.19%
10 Years 8.02% 7.38% 7.40% 7.40% 8.22% 7.94%
Since Inception 9.99% 9.68% 9.68% 9.68% 10.09% 9.95%

The gross expense ratios for Class A, C, I and R Shares are 0.00%, 0.00%, 0.00% and 0.00%, respectively. The net expense ratios for Class A, C, I and R Shares are 0.00%, 0.00%, 0.00% and 0.00%, respectively. The Fund’s Adviser has contractually agreed to limit the management fees paid by the Fund to 0.60% for the period from February 1, 2016 through January 31, 2017. This contractual limitation may be terminated during this period only by the Fund’s Board of Trustees, and will automatically terminate upon termination of the Investment Advisory Agreement between the Fund and Sterling Capital Management LLC (“Sterling Capital”).

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 Small Cap Value Equity Fund is based upon the historical performance of the Sterling Small Cap Value Shares Class Fund and 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 and C Shares is February 1, 2010. The performance inception date for the Fund is January 2, 1997. Performance for Class A, Class C and Class R Shares for periods prior to inception on February 1, 2010 is based on the performance of the Institutional Shares of the Fund. The performance information for the Institutional Shares prior to December 18, 2006 is based on the performance of the Institutional Shares of the Fund’s predecessor, Sterling Capital Small Cap Value Fund, a series of The Advisors’ Inner Circle Fund (the “Predecessor Fund”), which transferred all of its assets and liabilities to the Fund pursuant to a reorganization. Information prior to March 16, 2001 relates to the UAM Fund Inc.’s Sterling Partners’ Small Cap Value Portfolio, the assets of which were acquired by the Predecessor Fund. The performance shown reflects reinvestment of all dividend and capital gains distributions. Effective February 1, 2010, Sterling Shares Class of the Fund were renamed Institutional Shares.


Performance Summary

Characteristics

Top 10 Holdings
as of (09/30/2017)
NameValue
MGIC Investment Corp.0.94%
SkyWest, Inc.0.93%
Tronox, Ltd.0.86%
Selective Insurance Group, Inc.0.85%
WinTrust Financial Corp.0.80%
Sanmina Corp.0.80%
Umpqua Holdings Corp.0.80%
Sanderson Farms, Inc.0.80%
IDACORP, Inc.0.79%
CNO Financial Group, Inc.0.79%

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 34.91%
INDUSTRIALS 13.20%
CONSUMER DISCRETIONARY 10.56%
INFORMATION TECHNOLOGY 8.32%
Real Estate 6.91%
UTILITIES 6.39%
HEALTH CARE 5.54%
MATERIALS 5.05%
ENERGY 4.88%
CONSUMER STAPLES 2.09%
TELECOMMUNICATION SERVICES 0.48%
Cash & Equivalents 1.67%

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

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

Growth of 10k
as of (09/30/2017)

Hover over line chart to view data points.

Growth of 10k
as of (09/30/2017)
Date Portfolio Benchmark 1 Benchmark 2
Behavioral Small Cap Value Equity Fund 09/30/2017 $19,924.00 $19,933.00 $0.00
Behavioral Small Cap Value Equity Fund 07/31/2017 $20,316.00 $18,615.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2017 $20,715.00 $19,084.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2017 $20,397.00 $18,964.00 $0.00
Behavioral Small Cap Value Equity Fund 04/30/2017 $19,809.00 $18,323.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2017 $20,621.00 $18,912.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2017 $20,505.00 $18,838.00 $0.00
Behavioral Small Cap Value Equity Fund 01/31/2017 $20,751.00 $18,999.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2016 $20,399.00 $18,728.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2016 $20,563.00 $18,863.00 $0.00
Behavioral Small Cap Value Equity Fund 10/31/2016 $19,715.00 $18,115.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2016 $17,782.00 $16,536.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2016 $17,373.00 $15,992.00 $0.00
Behavioral Small Cap Value Equity Fund 07/31/2016 $17,605.00 $16,406.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2016 $17,406.00 $16,008.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2016 $16,764.00 $15,189.00 $0.00
Behavioral Small Cap Value Equity Fund 04/30/2016 $16,886.00 $15,143.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2016 $16,700.00 $14,870.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2016 $16,677.00 $14,562.00 $0.00
Behavioral Small Cap Value Equity Fund 01/31/2016 $15,677.00 $13,447.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2015 $15,560.00 $13,356.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2015 $16,619.00 $14,318.00 $0.00
Behavioral Small Cap Value Equity Fund 10/31/2015 $17,486.00 $15,115.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2015 $17,140.00 $14,697.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2015 $16,237.00 $13,918.00 $0.00
Behavioral Small Cap Value Equity Fund 07/31/2015 $16,508.00 $14,417.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2015 $17,257.00 $15,161.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2015 $17,406.00 $15,591.00 $0.00
Behavioral Small Cap Value Equity Fund 04/30/2015 $17,464.00 $15,571.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2015 $17,281.00 $15,443.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2015 $17,706.00 $15,780.00 $0.00
Behavioral Small Cap Value Equity Fund 01/31/2015 $17,269.00 $15,518.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2014 $17,108.00 $15,474.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2014 $16,476.00 $14,830.00 $0.00
Behavioral Small Cap Value Equity Fund 10/31/2014 $16,818.00 $15,062.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2014 $16,807.00 $15,133.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2014 $15,887.00 $14,144.00 $0.00
Behavioral Small Cap Value Equity Fund 07/31/2014 $16,939.00 $15,168.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2014 $16,186.00 $14,536.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2014 $17,028.00 $15,471.00 $0.00
Behavioral Small Cap Value Equity Fund 04/30/2014 $16,407.00 $14,816.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2014 $16,629.00 $15,111.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2014 $16,319.00 $14,723.00 $0.00
Behavioral Small Cap Value Equity Fund 01/31/2014 $16,396.00 $14,927.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2013 $15,643.00 $14,273.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2013 $16,341.00 $14,848.00 $0.00
Behavioral Small Cap Value Equity Fund 10/31/2013 $16,148.00 $14,573.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2013 $15,351.00 $14,026.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2013 $14,835.00 $13,584.00 $0.00
Behavioral Small Cap Value Equity Fund 07/31/2013 $14,036.00 $12,843.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2013 $13,754.00 $12,626.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2013 $14,755.00 $13,437.00 $0.00
Behavioral Small Cap Value Equity Fund 04/30/2013 $14,007.00 $12,677.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2013 $13,317.00 $12,309.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2013 $13,355.00 $12,321.00 $0.00
Behavioral Small Cap Value Equity Fund 01/31/2013 $12,896.00 $11,829.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2012 $12,605.00 $11,695.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2012 $11,847.00 $11,037.00 $0.00
Behavioral Small Cap Value Equity Fund 10/31/2012 $11,495.00 $10,591.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2012 $11,293.00 $10,559.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2012 $11,523.00 $10,693.00 $0.00
Behavioral Small Cap Value Equity Fund 07/31/2012 $11,159.00 $10,325.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2012 $10,669.00 $10,016.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2012 $11,101.00 $10,119.00 $0.00
Behavioral Small Cap Value Equity Fund 04/30/2012 $10,852.00 $9,654.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2012 $11,754.00 $10,282.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2012 $12,157.00 $10,433.00 $0.00
Behavioral Small Cap Value Equity Fund 01/31/2012 $11,744.00 $10,119.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2011 $10,564.00 $9,350.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2011 $11,322.00 $9,971.00 $0.00
Behavioral Small Cap Value Equity Fund 10/31/2011 $10,678.00 $9,206.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2011 $10,837.00 $9,224.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2011 $9,499.00 $8,062.00 $0.00
Behavioral Small Cap Value Equity Fund 07/31/2011 $10,722.00 $9,051.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2011 $11,752.00 $9,927.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2011 $12,245.00 $10,267.00 $0.00
Behavioral Small Cap Value Equity Fund 04/30/2011 $12,562.00 $10,526.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2011 $12,774.00 $10,718.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2011 $12,492.00 $10,546.00 $0.00
Behavioral Small Cap Value Equity Fund 01/31/2011 $12,413.00 $10,402.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2010 $11,955.00 $9,899.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2010 $11,638.00 $9,894.00 $0.00
Behavioral Small Cap Value Equity Fund 10/31/2010 $10,661.00 $9,135.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2010 $9,851.00 $8,576.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2010 $10,291.00 $8,908.00 $0.00
Behavioral Small Cap Value Equity Fund 07/31/2010 $8,891.00 $7,745.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2010 $9,628.00 $8,374.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2010 $9,189.00 $7,816.00 $0.00
Behavioral Small Cap Value Equity Fund 04/30/2010 $9,689.00 $8,564.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2010 $10,453.00 $9,354.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2010 $10,076.00 $8,743.00 $0.00
Behavioral Small Cap Value Equity Fund 01/31/2010 $9,347.00 $8,071.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2009 $9,259.00 $7,714.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2009 $9,251.00 $7,947.00 $0.00
Behavioral Small Cap Value Equity Fund 10/31/2009 $8,775.00 $7,387.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2009 $8,459.00 $7,159.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2009 $9,003.00 $7,669.00 $0.00
Behavioral Small Cap Value Equity Fund 07/31/2009 $8,661.00 $7,302.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2009 $8,109.00 $6,972.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2009 $7,223.00 $6,250.00 $0.00
Behavioral Small Cap Value Equity Fund 04/30/2009 $7,188.00 $6,269.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2009 $6,662.00 $6,137.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2009 $5,435.00 $5,296.00 $0.00
Behavioral Small Cap Value Equity Fund 01/31/2009 $4,813.00 $4,864.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2008 $5,382.00 $5,649.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2008 $5,987.00 $6,590.00 $0.00
Behavioral Small Cap Value Equity Fund 10/31/2008 $5,662.00 $6,209.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2008 $6,240.00 $7,022.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2008 $8,284.00 $8,775.00 $0.00
Behavioral Small Cap Value Equity Fund 07/31/2008 $8,811.00 $9,206.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2008 $8,300.00 $8,789.00 $0.00
Behavioral Small Cap Value Equity Fund 06/30/2008 $7,915.00 $8,360.00 $0.00
Behavioral Small Cap Value Equity Fund 04/30/2008 $9,104.00 $9,247.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2008 $8,568.00 $8,667.00 $0.00
Behavioral Small Cap Value Equity Fund 03/31/2008 $8,903.00 $8,942.00 $0.00
Behavioral Small Cap Value Equity Fund 01/31/2008 $8,418.00 $8,539.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2007 $8,593.00 $8,892.00 $0.00
Behavioral Small Cap Value Equity Fund 12/31/2007 $8,887.00 $9,272.00 $0.00
Behavioral Small Cap Value Equity Fund 10/31/2007 $9,046.00 $9,352.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2007 $9,993.00 $10,109.00 $0.00
Behavioral Small Cap Value Equity Fund 09/30/2007 $10,000.00 $10,000.00 $0.00
View more archived data

The Growth of $10,000 chart is hypothetical based upon the performance of A Shares at NAV for the period ended 09/30/2017. It includes the reinvestment of dividends and capital gains.

Statistics

Portfolio Statistics
as of (09/30/2017)
Alpha 1.19
Beta 1.00
R-Squared 92.21
Standard Deviation 20.91
Sharpe Ratio 0.37
Weighted Avg Market Cap. $2.8B
Portfolio Ratios
as of (09/30/2017)
P/E Ratio 16.04
P/B Ratio 1.51
Annual Turnover 109%

*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

 

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The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.


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