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Sterling Capital Stratton Real Estate Fund

Sterling Capital Stratton Real Estate Fund    Fact Sheet

Overall Morningstar Rating™

Morningstar StarMorningstar StarMorningstar StarMorningstar Star  

Morningstar Category: Real Estate

*Based on risk-adjusted returns among 223 funds as of 08.31.2019.

Morningstar Style Box

A Shares (STMMX)
Inception: 11.16.2015
C Shares (STMOX)
Inception: 11.16.2015
Inst'l Shares (STMDX)
Inception: 05.30.1980

Philosophy and Process

Under normal circumstances, the fund seeks to achieve its objective by investing at least 80% of its assets in securities of real estate and real estate related companies, or in companies which own significant real estate assets at the time of purchase ("real estate companies") including Real Estate Investment Trusts ("REITs").

REITs were created to enable investors to participate in the benefits of owning income-producing real estate. REITs own many different types of properties, including apartment complexes, office buildings, hotels, health care facilities, shopping centers and shopping malls.

Investment Considerations

Real Estate Funds may be subject to a higher degree of market risk because of concentration in a specific industry or geographic sector. Risks include declines in value of real estate, general and economic conditions, changes in the value of the underlying property and defaults by borrowers.

Fund Facts

Class A Shares Class C Shares Class Inst'l Shares
Inception Date 11.16.201511.16.201505.30.1980
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.


Andrew T. DiZio, CFA ®
Andrew T. DiZio, CFA ®


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Shawn M. Gallagher, CFA ®
Shawn M. Gallagher, CFA ®


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Fund Performance as of 06.30.2019

QTR YTD 1 Year 3 Years 5 Years 10 Years Since
A Shares with 5.75% Sales Charge -4.75% 10.21% 4.62% 2.89% 7.11% 14.05% 9.92%
A Shares without Sales Charge 1.05% 16.94% 11.01% 4.94% 8.39% 14.73% 10.08%
Institutional Shares 1.13% 17.09% 11.29% 5.21% 8.59% 14.84% 10.11%
Lipper Real Estate Median 2.07% 18.57% 10.73% 4.06% 7.17% 14.67% N/A

The total expense ratios for Class A, C and I Shares are 1.07%, 1.82%, and 0.82% 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 05/30/1980. 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 inception date for Institutional Shares was 5/30/1980.

The performance shown prior to November 16, 2015 is that of the Stratton Real Estate Fund (the "Predecessor Fund") which reorganized into the Sterling Capital Stratton Real Estate 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 5/30/1980.

Effective November 16, 2015, Sterling Capital Management changed the name of the Stratton Real Estate Fund to the Sterling Capital Stratton Real Estate Fund. The name was changed as a result of the Stratton Fund being reorganized into the Sterling Capital Funds.


Top Ten Holdings as of 06.30.2019

Name Value
Crown Castle International Corp. 6.16%
Simon Property Group, Inc. 5.75%
Equinix, Inc. 4.95%
American Tower Corp. 4.04%
Ventas, Inc. 3.67%
SBA Communications Corp. 3.64%
Digital Realty Trust, Inc. 3.58%
Essex Property Trust, Inc. 3.55%
Welltower, Inc. 3.38%
UDR, Inc. 3.09%

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

Sector Allocation as of 06.30.2019

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 06.30.2019

The Growth of $10,000 chart is hypothetical based upon the performance of A Shares at NAV for the period ended 06/30/2019. It includes the reinvestment of dividends and capital gains.

Glossary of Terms


Risk/Return Statistics vs. FTSE NAREIT All Equity REIT Index as of 06.30.2019

Alpha -0.52
Beta 0.96
R-Squared 98.14
Standard Deviation 15.40
Sharpe Ratio 0.93

Summary Statistics as of 06.30.2019

P/FFO 18.42
P/ReNAV 1.02
Weighted Average Market Cap. $21.13B
Annual Turnover 0.15%
*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


Fact Sheet
Monthly Holdings
Fund Reports
Fund Reports

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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.


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.