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SMID Opportunities Fund

SMID Opportunities Fund    Fact Sheet


Lg.
Mid.
Sm.
Val.CoreGR.

Morningstar Style Box

A Shares (SMDPX)
Inception: 09.30.2016
C Shares (SMDQX)
Inception: 09.30.2016
Inst'l Shares (SMDOX)
Inception: 09.30.2016

Philosophy and Process

To pursue its investment objective of long-term capital appreciation, the Fund normally invests principally in equity securities and will invest, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in the securities of small or middle capitalization companies (commonly referred to collectively as "SMID"). Small or middle capitalization companies are defined as companies with market capitalizations within the range of those companies in the Russell 2500â„¢ Index at the time of purchase.

The Fund invests, under normal market conditions, primarily in domestically-traded U.S. common stocks and U.S.-traded equity stocks of foreign companies, including ADRs. The Fund uses a multi-style approach, meaning that it invests across both value- and growth-oriented companies targeting SMID-capitalization levels.


Investment Considerations

The newly formed fund has no operating history to evaluate and the risk that it may not attract sufficient assets to achieve or maximize investment and operational efficiencies. The Fund uses a multi-style approach and invests in both growth and value-oriented companies. A growth investment style may be particularly sensitive to market conditions. Value investing involves the risk that an investment made in undervalued securities may not appreciate in value as anticipated or remain undervalued for long periods of time.

The Fund invests in small and middle capitalization companies which may be riskier, more volatile and vulnerable to economic, market and industry changes than investments in larger more established companies. As a result, share price changes may be more erratic or trade less frequently in lesser quantities.

Fund Facts

Class A Shares Class C Shares Class Inst'l Shares
Ticker SMDPXSMDQXSMDOX
Inception Date 09.30.201609.30.201609.30.2016
Investment Min. $1,000.00$1,000.00$1,000,000.00
Subsequent Investment Min.* $0.00$0.00$0.00
Max. Up Front Sales Charge 5.75%N/AN/A
Max. Deferred Sales Charge N/A1.00%N/A
*If subsequent investments are made as part of an AIP, the minimum is $25.

Management

Joshua L. Haggerty, CFA ®
Joshua L. Haggerty, CFA ®

Executive Director

View Biography
Adam B. Bergman, CFA ®
Adam B. Bergman, CFA ®

Executive Director

View Biography

Performance

Fund Performance as of 09.30.2018

QTR YTD 1 Year Since
Inception
A Shares with 5.75% Sales Charge 1.63% 0.52% 1.83% 9.44%
A Shares without Sales Charge 7.80% 6.70% 8.07% 12.73%
Institutional Shares 7.87% 6.93% 8.39% 13.02%
Lipper Mixed-Asset Target Allocation Moderate Median 2.47% 1.98% 4.97% N/A

The gross expense ratios for Class A, C and I Shares are 1.28%, 2.03% and 1.03%, respectively. The net expense ratios for Class A, C and I Shares are 1.06%, 1.81% and 0.81%, respectively. The Advisor has contractually agreed to limit certain fees paid by the Fund from February 1, 2018 through January 31, 2019. 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 SMID Opportunities 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 09/30/2016. The inception date for Class C Shares is 09/30/2016. The inception date for Class Inst'l Shares is 09/30/2016. The performance shown reflects the reinvestment of all dividend and capital gains distributions.


Characteristics

Top Ten Holdings as of 09.30.2018

Name Value
Ball Corp. 5.68%
Global Payments, Inc. 4.97%
Centene Corp. 4.71%
Aramark 4.62%
Universal Health Services, Inc. 4.44%
Fiserv, Inc. 4.29%
ServiceMaster Global Holdings, Inc. 4.26%
Norwegian Cruise Line Holdings, Ltd. 4.22%
Amdocs, Ltd. 4.08%
Kansas City Southern 3.81%

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

Sector Allocation as of 09.30.2018

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

Glossary of Terms

Statistics

Summary Statistics as of 09.30.2018

Weighted Average P/E 17.54
Weighted Average P/B 3.02
Weighted Average Market Cap. $11.97B
Annual Turnover 46%
*The Funds composition is subject to change.
*Annual Turnover Ratio is 12 month rolling calculation.
*Click for a glossary of terms

Materials

Fact Sheet
Monthly Holdings
Fund Reports
Fund Reports

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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. Shares of the Sterling Capital Funds are not deposits or obligations of, or guaranteed or endorsed by, Branch Banking and Trust Company 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 Branch Banking and Trust Company or its affiliates.