Mutual Funds

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Equity Funds	Summary Prospectus	Statutory Prospectus	SAI	Shareholder Reports	Other
Behavioral International Equity Fund A Shares: SBIAX C Shares: SBIDX Inst'l Shares: SBIIX R6 Shares: STRCX	Retail (02.01.2020) Institutional (02.01.2020) R6 Shares (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Behavioral Large Cap Value Equity Fund A Shares: BBTGX C Shares: BCVCX Inst'l Shares: BBISX R6 Shares: STRAX	Retail (02.01.2020) Institutional (02.01.2020) R6 Shares (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Behavioral Small Cap Value Equity Fund A Shares: SPSAX C Shares: SPSDX Inst'l Shares: SPSCX R Shares: SPSRX R6 Shares: STRBX	Retail (02.01.2020) Institutional (02.01.2020) R Shares (02.01.2020) R6 Shares (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Equity Income Fund A Shares: BAEIX C Shares: BCEGX Inst'l Shares: BEGIX R Shares: BAERX R6 Shares: STREX	Retail (02.01.2020) Institutional (02.01.2020) R Shares (02.01.2020) R6 Shares (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Mid Value Fund A Shares: OVEAX C Shares: OVECX Inst'l Shares: OVEIX R Shares: OVERX R6 Shares: STRMX	Retail (02.01.2020) Institutional (02.01.2020) R Shares (02.01.2020) R6 Shares (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
SMID Opportunities Fund A Shares: SMDPX C Shares: SMDQX Inst'l Shares: SMDOX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Special Opportunities Fund A Shares: BOPAX C Shares: BOPCX Inst'l Shares: BOPIX R Shares: BOPRX R6 Shares: STRSX	Retail (02.01.2020) Institutional (02.01.2020) R Shares (02.01.2020) R6 Shares (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Sterling Capital Stratton Mid Cap Value Fund A Shares: STRLX C Shares: STRNX Inst'l Shares: STRGX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Sterling Capital Stratton Real Estate Fund A Shares: STMMX C Shares: STMOX Inst'l Shares: STMDX R6 Shares: SCREX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Sterling Capital Stratton Small Cap Value Fund A Shares: STSNX C Shares: STSOX Inst'l Shares: STSCX R6 Shares: SCSIX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)

Fixed Income Funds	Summary Prospectus	Statutory Prospectus	SAI	Shareholder Reports	Other
Corporate Fund A Shares: SCCMX C Shares: SCCNX Inst'l Shares: SCCPX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Intermediate U.S. Government Fund A Shares: BGVAX C Shares: BIUCX Inst'l Shares: BBGVX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Kentucky Intermediate Tax-Free Fund A Shares: BKTAX C Shares: BKCAX Inst'l Shares: BKITX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Maryland Intermediate Tax-Free Fund A Shares: BMAAX C Shares: BMDCX Inst'l Shares: BMAIX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
North Carolina Intermediate Tax-Free Fund A Shares: BNCAX C Shares: BBNCX Inst'l Shares: BBNTX					Fund Facts (06.30.2020)
Quality Income Fund (Formerly Securitized Opportunities Fund) A Shares: SCSSX C Shares: SCSTX Inst'l Shares: SCSPX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)		Fund Facts (06.30.2020)
Short Duration Bond Fund A Shares: BSGAX C Shares: BBSCX Inst'l Shares: BBSGX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
South Carolina Intermediate Tax-Free Fund A Shares: BASCX C Shares: BSCCX Inst'l Shares: BSCIX					Fund Facts (06.30.2020)
Total Return Bond Fund A Shares: BICAX C Shares: BICCX Inst'l Shares: BIBTX R Shares: BICRX R6 Shares: STRDX	Retail (02.01.2020) Institutional (02.01.2020) R Shares (02.01.2020) R6 Shares (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Ultra Short Bond Fund A Shares: BUSRX Inst'l Shares: BUSIX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Virginia Intermediate Tax-Free Fund A Shares: BVAAX C Shares: BVACX Inst'l Shares: BVATX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
West Virginia Intermediate Tax-Free Fund A Shares: BWVAX C Shares: BWVCX Inst'l Shares: OWVAX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)

Asset Allocation Funds	Summary Prospectus	Statutory Prospectus	SAI	Shareholder Reports	Other
Diversified Income Fund A Shares: BCGAX C Shares: BCCCX Inst'l Shares: BMGTX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Strategic Allocation Balanced Fund A Shares: BAMGX C Shares: BCMCX Inst'l Shares: BCGTX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)
Strategic Allocation Growth Fund A Shares: BCMAX C Shares: BCGCX Inst'l Shares: BCMTX	Retail (02.01.2020) Institutional (02.01.2020)	Retail (02.01.2020) Institutional/Retirement (02.01.2020)	SAI (02.01.2020)	Annual Report (09.30.2019) Semi-Annual Report (03.31.2020)	Fund Facts (06.30.2020)

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Investment advisory services are available through Sterling Capital Management LLC, a separate subsidiary of BB&T Corporation now Truist Financial Corporation. Sterling Capital Management LLC manages customized investment portfolios, provides asset allocation analysis and offers other investment-related services to affluent individuals and businesses. Securities and other investments held in investment management or investment advisory accounts at Sterling Capital Management LLC are not deposits or other obligations of BB&T Corporation now Truist Financial Corporation, Branch Banking and Trust Company now Truist Bank or any affiliate, are not guaranteed by Branch Banking and Trust Company now Truist Bank or any other bank, are not insured by the FDIC or any other federal government agency, and are subject to investment risk, including possible loss of principal invested.

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 now 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, Branch Banking and Trust Company now 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 Branch Banking and Trust Company now Truist Bank or its affiliates.

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