Stratton Mid Cap Value Fund Fact Sheet
Morningstar Style Box
Philosophy and Process
The Fund uses a value investment approach to invest primarily in common stocks of mid-size companies. We believe that undervalued companies with good earnings prospects have superior appreciation potential with reasonable levels of risk. Quantitatively, we focus on a stock's fundamental valuation relative to its peers. Qualitatively, we seek to identify business catalysts which will serve to drive future earnings growth, increase investor interest and expand valuation.
Within the US equity universe, it is our view that the Mid Cap segment offers an attractive mix of growth and stability. Compared to smaller peers, Mid Cap stocks are more likely to have proven business models and greater financial flexibility, yet in many cases, still have the potential for rapid growth. As a result, over longer periods of time, Mid Cap stocks have exhibited superior risk-adjusted returns versus both Small Caps and Large Caps.
Mid-size company stocks are generally riskier than large company stocks due to greater volatility and less liquidity. Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time.
|Type||Class A Shares||Class C Shares||Class Inst'l Shares|
|Subsequent Investment Min.*||$0||$0||$0|
|Max. Up Front Sales Charge||5.75%||N/A||N/A|
|Max. Deferred Sales Charge||N/A||1.00%||N/A|
Shawn M. Gallagher, CFA®
Andrew T. DiZio, CFA ®
Fund Performance as of 03.31.2021
|Share||QTR||YTD||1 Year||3 Years||5 Years||10 Years||Since
|A Shares with 5.75% Sales Charge||5.87%||5.87%||54.58%||7.68%||10.63%||8.80%||10.25%|
|A Shares without Sales Charge||12.32%||12.32%||64.01%||9.82%||11.95%||9.44%||10.39%|
|Lipper Mid-Cap Core Median||20.34%||8.78%||8.78%||7.32%||9.78%||9.43%||N/A|
The total expense ratios for Class A, C, and I are 1.10%, 1.85% and 0.85%, 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 the performance summary.
< The inception date for Class A Shares is 11/16/2015. The inception date for Class C Shares is 11/16/2015. The inception date for Class Inst'l Shares is 09/30/1972. Because Class A Shares and Class C Shares do not have a full calendar year of performance, the historical performance shown is that of Institutional Shares. Class A Shares and Class C Shares and Institutional Shares of the Fund would have substantially similar performance because the Shares are invested in the same portfolio of securities and the performance would differ only to the extent that the Classes have different expenses.
The performance shown prior to November 16, 2015 is that of the Stratton Mid Cap Value Fund (the "Predecessor Fund") which reorganized into the Sterling Capital Stratton Mid Cap Value Fund Institutional Shares (the Fund). Because the Fund had no investment operations prior to the closing of the reorganization, and based on the similarity of the Fund to the Predecessor Fund, the Predecessor Fund is treated as the survivor of the reorganization for accounting and performance reporting purposes. The inception date of the Predecessor Fund is 9/30/1972.
Effective November 16, 2015, Sterling Capital Management changed the name of the Stratton Mid Cap Value Fund to the Sterling Capital Stratton Mid Cap Value Fund. The name was changed as a result of the Stratton Fund being reorganized into the Sterling Capital Funds.
Effective May 1, 2013, Stratton Management changed the name of the Stratton Multi-Cap Fund to the Stratton Mid Cap Fund. The name has been changed to more appropriately reflect the characteristics and securities of the Fund. The investment objective remains the same.
Top Ten Holdings as of 03.31.2021
|United Rentals, Inc.||3.48%|
|Avery Dennison Corp.||3.09%|
|Skyworks Solutions Inc||2.98%|
|Berry Global Group, Inc.||2.66%|
|Magna International, Inc.||2.56%|
|Caci International, Inc.||2.50%|
|Ameriprise Financial, Inc.||2.49%|
Current and future portfolio holdings are subject to change and risk. Based on Market Value of securities.
Sector Allocation as of 03.31.2021
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 03.31.2021
The Growth of $10,000 chart is hypothetical based upon the performance of A Shares at NAV for the period ended 03/31/2021. It includes the reinvestment of dividends and capital gains.
Risk/Return Statistics vs. Russell Midcap® Value Index as of 03.31.2021
Summary Statistics as of 03.31.2021
|Weighted Median P/E||25.99|
|Weighted Average P/B||2.60|
|Weighted Average Market Cap.||$20.32B|
*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.