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

Mid Value Fund
Equity Funds

  • a Shares (OVEAX)
    Inception: 08.01.1996
  • c Shares (OVECX)
    Inception: 07.25.2001
  • i Shares (OVEIX)
    Inception: 08.01.1996
  • r Shares (OVERX)
    Inception: 08.01.1996

Fund Overview

Philosophy and Process

The Fund purchases companies that the portfolio manager believe are priced significantly below their intrinsic worth as well as those that demonstrate sustainable competitive advantage and high returns on invested capital. The portfolio management team partners with shareholder-oriented company management that has demonstrated a track record of strong capital allocation.

The management process identifies investment opportunities from the broad equity universe using fundamental analysis, valuation and risk management to select 30 to 50 holdings within the fund. The strategy is oriented toward long-term investing but the manager will sell a holding that has become less attractive or underperforms expectations or has excessive leverage.

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 OVEAX OVECX OVEIX OVERX
Inception Date 08/01/1996 07/25/2001 08/01/1996 08/01/1996
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



The Investment Team Supporting the Fund:



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 0.97% -4.83% 0.78% -0.22% 1.01% 0.83%
YTD 7.96% 1.74% 7.37% 6.37% 8.20% 7.78%
1 Year 15.42% 8.79% 14.58% 14.58% 15.73% 15.18%
3 Years 9.03% 6.90% 8.22% 8.22% 9.30% 8.80%
5 Years 13.52% 12.19% 12.68% 12.68% 13.79% 13.04%
10 Years 7.37% 6.73% 6.53% 6.53% 7.60% 7.11%
Since Inception 9.81% 9.50% 9.15% 9.15% 10.06% 9.83%

The total expense ratios for Class A, C, I and R Shares are 1.24%, 1.99%, 0.99% and 1.49%, respectively. 

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 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 July 23, 2001, 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 August 1, 1996. The inception date for Class A Shares is July 23, 2001. The inception date for Class C Shares is July 25, 2001. The inception date for Class R Shares is February 1, 2010. 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. Performance for Class R Shares for periods prior to inception is based on the performance of the Institutional Shares of the Fund. 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
E*TRADE Financial Corp.4.84%
Affiliated Managers Group, Inc.4.35%
Leucadia National Corp.4.31%
NCR Corp.4.15%
Axalta Coating Systems, Ltd.4.11%
CBRE Group, Inc., Class A3.72%
Sensata Technologies Holding N.V.3.57%
Zimmer Holdings, Inc.3.52%
Gentex Corp.3.37%
ebay, Inc.3.21%

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 28.78%
CONSUMER DISCRETIONARY 17.86%
INFORMATION TECHNOLOGY 16.57%
HEALTH CARE 11.20%
INDUSTRIALS 8.54%
Real Estate 6.88%
MATERIALS 5.11%
ENERGY 2.27%
Cash & Equivalents 2.79%

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
Mid Value Fund 09/30/2017 $20,355.00 $21,291.00 $0.00
Mid Value Fund 07/31/2017 $19,604.00 $20,726.00 $0.00
Mid Value Fund 06/30/2017 $20,224.00 $21,121.00 $0.00
Mid Value Fund 06/30/2017 $20,159.00 $20,844.00 $0.00
Mid Value Fund 04/30/2017 $19,463.00 $20,539.00 $0.00
Mid Value Fund 03/31/2017 $19,909.00 $20,602.00 $0.00
Mid Value Fund 03/31/2017 $20,170.00 $20,564.00 $0.00
Mid Value Fund 01/31/2017 $20,126.00 $20,715.00 $0.00
Mid Value Fund 12/31/2016 $19,506.00 $20,152.00 $0.00
Mid Value Fund 12/31/2016 $18,854.00 $19,818.00 $0.00
Mid Value Fund 10/31/2016 $18,436.00 $19,472.00 $0.00
Mid Value Fund 09/30/2016 $17,634.00 $18,781.00 $0.00
Mid Value Fund 09/30/2016 $16,970.00 $18,326.00 $0.00
Mid Value Fund 07/31/2016 $17,708.00 $18,703.00 $0.00
Mid Value Fund 06/30/2016 $17,455.00 $18,743.00 $0.00
Mid Value Fund 06/30/2016 $16,389.00 $17,981.00 $0.00
Mid Value Fund 04/30/2016 $17,054.00 $17,818.00 $0.00
Mid Value Fund 03/31/2016 $16,822.00 $17,531.00 $0.00
Mid Value Fund 03/31/2016 $16,663.00 $17,163.00 $0.00
Mid Value Fund 01/31/2016 $15,154.00 $15,712.00 $0.00
Mid Value Fund 12/31/2015 $15,249.00 $15,603.00 $0.00
Mid Value Fund 12/31/2015 $16,220.00 $16,516.00 $0.00
Mid Value Fund 10/31/2015 $16,846.00 $17,044.00 $0.00
Mid Value Fund 09/30/2015 $16,898.00 $16,994.00 $0.00
Mid Value Fund 09/30/2015 $15,597.00 $16,016.00 $0.00
Mid Value Fund 07/31/2015 $16,152.00 $16,569.00 $0.00
Mid Value Fund 06/30/2015 $17,167.00 $17,392.00 $0.00
Mid Value Fund 06/30/2015 $17,254.00 $17,416.00 $0.00
Mid Value Fund 04/30/2015 $17,410.00 $17,874.00 $0.00
Mid Value Fund 03/31/2015 $17,324.00 $17,563.00 $0.00
Mid Value Fund 03/31/2015 $17,428.00 $17,765.00 $0.00
Mid Value Fund 01/31/2015 $17,428.00 $17,797.00 $0.00
Mid Value Fund 12/31/2014 $16,577.00 $17,345.00 $0.00
Mid Value Fund 12/31/2014 $16,022.00 $17,097.00 $0.00
Mid Value Fund 10/31/2014 $16,574.00 $17,216.00 $0.00
Mid Value Fund 09/30/2014 $16,087.00 $16,915.00 $0.00
Mid Value Fund 09/30/2014 $15,705.00 $16,355.00 $0.00
Mid Value Fund 07/31/2014 $16,485.00 $17,001.00 $0.00
Mid Value Fund 06/30/2014 $15,940.00 $16,309.00 $0.00
Mid Value Fund 06/30/2014 $16,347.00 $16,799.00 $0.00
Mid Value Fund 04/30/2014 $15,794.00 $16,236.00 $0.00
Mid Value Fund 03/31/2014 $15,713.00 $15,904.00 $0.00
Mid Value Fund 03/31/2014 $15,477.00 $15,970.00 $0.00
Mid Value Fund 01/31/2014 $15,591.00 $15,663.00 $0.00
Mid Value Fund 12/31/2013 $15,063.00 $14,860.00 $0.00
Mid Value Fund 12/31/2013 $15,729.00 $15,115.00 $0.00
Mid Value Fund 10/31/2013 $15,271.00 $14,712.00 $0.00
Mid Value Fund 09/30/2013 $14,708.00 $14,559.00 $0.00
Mid Value Fund 09/30/2013 $14,289.00 $13,924.00 $0.00
Mid Value Fund 07/31/2013 $13,688.00 $13,365.00 $0.00
Mid Value Fund 06/30/2013 $13,293.00 $13,149.00 $0.00
Mid Value Fund 06/30/2013 $14,038.00 $13,850.00 $0.00
Mid Value Fund 04/30/2013 $13,273.00 $13,308.00 $0.00
Mid Value Fund 03/31/2013 $12,878.00 $13,080.00 $0.00
Mid Value Fund 03/31/2013 $12,567.00 $12,935.00 $0.00
Mid Value Fund 01/31/2013 $11,952.00 $12,381.00 $0.00
Mid Value Fund 12/31/2012 $11,800.00 $12,167.00 $0.00
Mid Value Fund 12/31/2012 $10,814.00 $11,326.00 $0.00
Mid Value Fund 10/31/2012 $10,615.00 $11,035.00 $0.00
Mid Value Fund 09/30/2012 $10,494.00 $10,910.00 $0.00
Mid Value Fund 09/30/2012 $10,796.00 $10,898.00 $0.00
Mid Value Fund 07/31/2012 $10,461.00 $10,660.00 $0.00
Mid Value Fund 06/30/2012 $9,985.00 $10,358.00 $0.00
Mid Value Fund 06/30/2012 $10,340.00 $10,301.00 $0.00
Mid Value Fund 04/30/2012 $9,978.00 $9,938.00 $0.00
Mid Value Fund 03/31/2012 $10,770.00 $10,577.00 $0.00
Mid Value Fund 03/31/2012 $10,920.00 $10,648.00 $0.00
Mid Value Fund 01/31/2012 $10,737.00 $10,412.00 $0.00
Mid Value Fund 12/31/2011 $9,652.00 $9,557.00 $0.00
Mid Value Fund 12/31/2011 $10,164.00 $10,027.00 $0.00
Mid Value Fund 10/31/2011 $9,618.00 $9,439.00 $0.00
Mid Value Fund 09/30/2011 $9,700.00 $9,488.00 $0.00
Mid Value Fund 09/30/2011 $8,530.00 $8,430.00 $0.00
Mid Value Fund 07/31/2011 $9,638.00 $9,286.00 $0.00
Mid Value Fund 06/30/2011 $10,387.00 $9,977.00 $0.00
Mid Value Fund 06/30/2011 $10,777.00 $10,339.00 $0.00
Mid Value Fund 04/30/2011 $10,919.00 $10,612.00 $0.00
Mid Value Fund 03/31/2011 $11,181.00 $10,664.00 $0.00
Mid Value Fund 03/31/2011 $10,986.00 $10,411.00 $0.00
Mid Value Fund 01/31/2011 $10,792.00 $10,263.00 $0.00
Mid Value Fund 12/31/2010 $10,335.00 $9,909.00 $0.00
Mid Value Fund 12/31/2010 $10,029.00 $9,691.00 $0.00
Mid Value Fund 10/31/2010 $9,445.00 $9,011.00 $0.00
Mid Value Fund 09/30/2010 $9,027.00 $8,634.00 $0.00
Mid Value Fund 09/30/2010 $9,341.00 $8,965.00 $0.00
Mid Value Fund 07/31/2010 $8,137.00 $7,903.00 $0.00
Mid Value Fund 06/30/2010 $8,518.00 $8,274.00 $0.00
Mid Value Fund 06/30/2010 $7,995.00 $7,700.00 $0.00
Mid Value Fund 04/30/2010 $8,577.00 $8,204.00 $0.00
Mid Value Fund 03/31/2010 $9,122.00 $8,898.00 $0.00
Mid Value Fund 03/31/2010 $9,010.00 $8,515.00 $0.00
Mid Value Fund 01/31/2010 $8,600.00 $7,937.00 $0.00
Mid Value Fund 12/31/2009 $8,256.00 $7,556.00 $0.00
Mid Value Fund 12/31/2009 $8,354.00 $7,768.00 $0.00
Mid Value Fund 10/31/2009 $8,008.00 $7,382.00 $0.00
Mid Value Fund 09/30/2009 $7,576.00 $7,032.00 $0.00
Mid Value Fund 09/30/2009 $8,053.00 $7,384.00 $0.00
Mid Value Fund 07/31/2009 $7,584.00 $6,993.00 $0.00
Mid Value Fund 06/30/2009 $7,114.00 $6,559.00 $0.00
Mid Value Fund 06/30/2009 $6,511.00 $5,973.00 $0.00
Mid Value Fund 04/30/2009 $6,496.00 $5,961.00 $0.00
Mid Value Fund 03/31/2009 $6,273.00 $5,764.00 $0.00
Mid Value Fund 03/31/2009 $5,476.00 $4,939.00 $0.00
Mid Value Fund 01/31/2009 $4,999.00 $4,542.00 $0.00
Mid Value Fund 12/31/2008 $5,468.00 $5,191.00 $0.00
Mid Value Fund 12/31/2008 $6,079.00 $5,788.00 $0.00
Mid Value Fund 10/31/2008 $5,616.00 $5,519.00 $0.00
Mid Value Fund 09/30/2008 $6,277.00 $6,140.00 $0.00
Mid Value Fund 09/30/2008 $7,800.00 $7,950.00 $0.00
Mid Value Fund 07/31/2008 $8,350.00 $8,740.00 $0.00
Mid Value Fund 06/30/2008 $7,904.00 $8,498.00 $0.00
Mid Value Fund 06/30/2008 $7,778.00 $8,596.00 $0.00
Mid Value Fund 04/30/2008 $8,669.00 $9,438.00 $0.00
Mid Value Fund 03/31/2008 $7,949.00 $8,591.00 $0.00
Mid Value Fund 03/31/2008 $8,350.00 $9,114.00 $0.00
Mid Value Fund 01/31/2008 $8,332.00 $8,679.00 $0.00
Mid Value Fund 12/31/2007 $8,718.00 $8,975.00 $0.00
Mid Value Fund 12/31/2007 $9,059.00 $9,403.00 $0.00
Mid Value Fund 10/31/2007 $9,390.00 $9,509.00 $0.00
Mid Value Fund 09/30/2007 $9,913.00 $10,038.00 $0.00
Mid Value 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 0.00
Beta 0.98
R-Squared 90.97
Standard Deviation 18.51
Sharpe Ratio 0.39
Weighted Avg Market Cap. $13.0B
Portfolio Ratios
as of (09/30/2017)
P/E Ratio 15.44
P/B Ratio 2.07
Annual Turnover 25%

*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