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Behavioral Small Cap Value Equity Fund

Behavioral Small Cap Value Equity Fund    Fact Sheet


Morningstar Style Box

A Shares (SPSAX)
Inception: 02.01.2010
C Shares (SPSDX)
Inception: 02.01.2010
Inst'l Shares (SPSCX)
Inception: 01.02.1997
R6 Shares (STRBX)
Inception: 02.01.2018

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 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 price momentum. The Fund may invest in undervalued securities which may not appreciate in value as anticipated or remain undervalued for longer than anticipated. The overall results of the fund will be dependent on the process and ability of the Adviser to recognize a company’s value. 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 02.01.201002.01.201001.02.199702.01.2018
Investment Min. $1,000.00$1,000.00$1,000,000.00$0.00
Subsequent Investment Min.* $0.00$0.00$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®

Senior Managing Director

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

Executive Director


Fund Performance as of 06.30.2022

Share QTR YTD 1 Year 3 Years 5 Years 10 Years Since
A Shares with 5.75% Sales Charge -19.44% -20.30% -15.39% 4.89% 3.33% 8.03% 8.50%
A Shares without Sales Charge -14.54% -15.42% -10.23% 6.98% 4.56% 8.67% 8.76%
Institutional Shares -14.45% -15.28% -9.97% 7.26% 4.84% 8.94% 8.89%
Lipper Small-Cap Value Median N/A N/A N/A N/A N/A N/A N/A

The total expense ratios for Class A, C and I Shares are 1.09%, 1.84% and 0.84%, respectively. The gross expense ratio for Class R6* Shares is 0.84%. The net expense ratio for Class R6* Shares is 0.79%.

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 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 Shares is 02/01/2010. The inception date for Class C Shares is 02/01/2010. The inception date for Class Inst'l Shares is 01/02/1997. The inception date for Class R6 Shares is 02/01/2018. The performance inception date for the Fund is January 2, 1997. Performance for Class A and Class C 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 Funds 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. 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.


Top Ten Holdings as of 06.30.2022

Name Value
Matson Inc. 0.90%
Spartannash Co. 0.90%
Rush Enterprises, Inc. 0.88%
Boise Cascade Co. 0.85%
Murphy Oil Corp. 0.84%
Qcr Holdings, Inc. 0.84%
Hope Bancorp, Inc. 0.81%
Atlas Air Worldwide Holdings, Inc. 0.77%
Arcbest Corp. 0.75%
Blackstone Mortgage Trust, Inc. 0.73%

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

Sector Allocation as of 06.30.2022

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

Growth of $10,000 as of 06.30.2022

The Growth of $10,000 chart is hypothetical based upon the performance of A Shares at NAV for the period ended 06/30/2022. It includes the reinvestment of dividends and capital gains.

Glossary of Terms


Summary Statistics as of 06.30.2022

Weighted Median P/E 8.57
Weighted Average P/B 1.22
Weighted Average Market Cap. $3.64B
Annual Turnover 117%
*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.