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Behavioral International Equity Fund

Behavioral International Equity Fund    Fact Sheet


Morningstar Style Box

A Shares (SBIAX)
Inception: 12.01.2014
C Shares (SBIDX)
Inception: 12.01.2014
Inst'l Shares (SBIIX)
Inception: 12.01.2014
R6 Shares (STRCX)
Inception: 02.01.2018

Philosophy and Process

The Fund seeks maximum long-term total return 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

The overall results of the Fund will be dependent on the process and ability of the Adviser to apply “behavioral finance” principles to recognize a company's value, earnings revisions and market momentum. The Fund will invest in foreign securities which may be more volatile and less liquid due to currency fluctuation, political instability, social and economic risks. The Fund may invest in REITs (Real EstateInvestment Trusts), the value of which will be affected by conditions of the real estate industry and exchange-traded funds (ETFs), thus shareholders may bear additional costs and the ETF may not exactly replicate the performance it seeks to track.

Fund Facts

Type Class A Shares Class C Shares Class Inst'l Shares Class R6 Shares
Inception Date 12.01.201412.01.201412.01.201402.01.2018
Investment Min. $1,000.00$1,000.00$1,000,000.00$0.00
Subsequent Investment Min.* $0$0$0$0
Max. Up Front Sales Charge 5.75%N/AN/AN/A
Max. Deferred Sales Charge N/A1.00%N/AN/A
*If subsequent investments are made as part of an AIP, the minimum is $25.


Robert W. Bridges, CFA®
Robert W. Bridges, CFA®

Co-Portfolio Manager

Robert O. Weller, CFA®
Robert O. Weller, CFA®

Co-Portfolio Manager


Fund Performance as of 09.30.2022

Share QTR YTD 1 Year 3 Years 5 Years Since
A Shares with 5.75% Sales Charge -16.49% -29.66% -28.76% -8.10% -6.94% -2.02%
A Shares without Sales Charge -11.38% -25.37% -24.40% -6.27% -5.83% -1.27%
Institutional Shares -11.38% -25.29% -24.27% -6.07% -5.61% -1.06%
Lipper International Multi-Cap Value Median -11.29% -24.49% -22.85% -1.96% -2.51% N/A

The total expense ratios for Class A, C, and I Shares are 0.88%, 1.63% and 0.63%, respectively. The gross expense ratio for Class R6* Shares is 0.63%. The net expense ratio for Class R6* Shares is 0.58%.

*The Fund Administrator, Sterling Capital Management LLC, has contractually agreed to waive its administrative fees, pay Fund operating expenses, and/or reimburse the Fund .05% of the Class R6 average daily net assets for the period February 1, 2021 through January 31, 2022. Performance would have been lower without limitations 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 the 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 12/01/2014. The inception date for Class C Shares is 12/01/2014. The inception date for Class Inst'l Shares is 12/01/2014. The inception date for Class R6 Shares is 02/01/2018. The performance shown reflects the reinvestment of all dividend and capital gains distributions.


Top Ten Holdings as of 09.30.2022

Name Value
Shell PLC 2.41%
Novartis AG 2.24%
Unilever PLC 1.83%
BP PLC 1.63%
Sanofi 1.61%
British American Tobacco PLC 1.58%
National Australia Bank, Ltd. 1.43%
Zurich Insurance Group 1.35%
Bayer AG 1.23%
Takeda Pharmaceutical Co., Ltd. 1.20%

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

Sector Allocation as of 09.30.2022

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 09.30.2022

Country / Region Value
Total 100.00%
Japan 25.63%
United Kingdom 15.60%
France 12.33%
Germany 8.37%
Switzerland 8.22%
Australia 6.18%
Netherlands 5.88%
Italy 3.00%
Spain 2.65%
Hong Kong 2.58%
Singapore 2.20%
Israel 1.96%
Sweden 1.32%
Finland 0.94%
Belgium 0.90%
Norway 0.85%
Austria 0.85%
Denmark 0.56%
Portugal 0.00%
New Zealand 0.00%
Ireland 0.00%

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

Growth of $10,000 as of 09.30.2022

The Growth of $10,000 chart is hypothetical based upon the performance of A Shares at NAV for the period ended 09/30/2022. It includes the reinvestment of dividends and capital gains.

Glossary of Terms


Summary Statistics as of 09.30.2022

Weighted Median P/E 9.85
Weighted Average P/B 0.93
Weighted Average Market Cap. $36.79B
Annual Turnover 128%
*The Funds composition is subject to change.
*Annual Turnover Ratio is 12 month rolling calculation.
*Click for a glossary of terms


Fact Sheet
Monthly Holdings
Fund Reports
Fund Reports

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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 view our fund information here. Please read the prospectus carefully before investing.

Sterling Capital Management LLC, a separate subsidiary of Truist Financial Corporation, serves as investment adviser to the Sterling Capital Funds and is paid a fee for its services as described in the prospectus. Shares of the Sterling Capital Funds are not deposits or obligations of, or guaranteed or endorsed by, Truist Bank or its affiliates. The Funds are not insured by the FDIC or any other government agency. The Funds are distributed by Sterling Capital Distributors LLC, which is not affiliated with Truist Bank or its affiliates.