Investment objective & strategy
As of Feb. 2, 2026 · prospectusObjective. The Fund seeks long-term capital appreciation.
Strategy. To pursue its investment objective, the Fund will invest, under normal circumstances, at least 80% of its net assets in a diversified portfolio of common stock and securities convertible into common stock of mid capitalization (mid cap) companies. Mid cap stocks are defined as those companies with public stock market capitalizations within the range of the market capitalization of companies constituting the Bloomberg U.S. Mid Cap Index at the time of investment. As of December 31, 2025, the capitalization range of the Bloomberg U.S. Mid Cap Index was between $1.03 billion and $75.9 billion. The market capitalization of the companies in the Funds portfolio and the Bloomberg U.S. Mid Cap Index changes over time; the Fund will not automatically sell … To pursue its investment objective, the Fund will invest, under normal circumstances, at least 80% of its net assets in a diversified portfolio of common stock and securities convertible into common stock of mid capitalization (mid cap) companies. Mid cap stocks are defined as those companies with public stock market capitalizations within the range of the market capitalization of companies constituting the Bloomberg U.S. Mid Cap Index at the time of investment. As of December 31, 2025, the capitalization range of the Bloomberg U.S. Mid Cap Index was between $1.03 billion and $75.9 billion. The market capitalization of the companies in the Funds portfolio and the Bloomberg U.S. Mid Cap Index changes over time; the Fund will not automatically sell or cease to purchase stock of a company it already owns solely because the companys market capitalization grows or falls outside these ranges. The Fund may also invest in real estate investment trusts (REITs), including mortgage REITs, and other real estate-related securities. Sterling Capital Management LLC (Sterling Capital) believes that undervalued companies with good earnings prospects have superior appreciation potential with reasonable levels of risk. Quantitatively, Sterling Capital focuses on a stocks fundamental valuation relative to its peers. Sterling Capital considers additional quantitative measures, such as earnings momentum and relative price strength. Qualitatively, Sterling Capital seeks to identify business catalysts which will serve to drive future earnings growth, increase investor interest and expand valuation.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MASTEC INC | — | $3.83M | 7.40% |
| CASEY'S GENERAL | — | $3.10M | 5.98% |
| CACI INTL-A | — | $2.30M | 4.45% |
| CURTISS WRIGHT CORPORATION | — | $1.84M | 3.55% |
| NISOURCE INC | — | $1.80M | 3.48% |
| PHILLIPS 66 | — | $1.62M | 3.12% |
| OSHKOSH CORP | — | $1.49M | 2.88% |
| SOUTHWEST GAS HOLDINGS INC | — | $1.49M | 2.88% |
| Federated Hermes Treasury Oligations Fund | — | $1.38M | 2.67% |
| PERFORMANCE FOOD GROUP CO | — | $1.31M | 2.52% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Sterling Capital Small Cap Value Fund · STSNX, STSOX, STSCX, SCSIX | 37% | 0.92% |
| TRIBUTARY SMALL/MID CAP FUND · FSMCX, FSMBX | 16% | 0.90% |
| RMB SMID Cap Fund · RMBMX | 16% | 0.81% |
Advisers
| Firm | Role |
|---|---|
| Sterling Capital Management LLC | Adviser |
Footnotes
- Expense ratio as of February 2, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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