Welcome!

News Feed Item

Sterling Capital Equity Income Fund Celebrates 10-Years

CHARLOTTE, N.C., Aug. 6, 2014 /PRNewswire/ -- Sterling Capital Funds is pleased to announce the 10-year anniversary of the Sterling Capital Equity Income Fund (BEGIX). The fund has been managed by George F. Shipp, CFA, since its inception 10 years ago on June 30, 2004.

The fund has enjoyed a long record of outperforming other mutual funds within the Lipper Equity Income category. As of June 30, 2014, the fund's Lipper ranking (based on total return) places the Class I shares in the top 3 percent for the 10-year period among 159 funds.

As of June 30, 2014, the fund had a return of 14.03 percent, 13.62 percent, 16.52 percent and 10.96 percent for the 1-, 3-, 5-and 10-year periods, respectively.  

"Obviously we are delighted we were able to generate attractive growth for our clients' capital over time," Shipp said. "We have been very fortunate, but the outcome was driven by a disciplined investment process that is unchanged. The good news for shareholders is our team is intact, our value-driven philosophies are time-tested, and our resolve to think independently has only strengthened over time. We will strive to continue this record of out-performance."

Alex McAlister, president of Sterling Capital Management, weighed in on the success of the Equity Income Fund. 

"We are very pleased for shareholders who have participated in the success of the fund and are thrilled with the fund's performance record for the first 10 years," McAlister said. "We believe George's team structure contributes to the success of the fund and the additional portfolios they manage. The team's arrangement encourages a lively discussion about every idea considered, so that only the perceived best ideas emerge as portfolio candidates."

Andrew Tate, CFA, managing director at Sterling Capital Management noted, "The long-term success of the fund is a by-product of a sound process, a consistent team and a belief that it is possible to deliver excess return while assuming less risk. We all look forward to the next 10 years."

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 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 and information on other share classes, please visit www.SterlingCapitalFunds.com. The total expense ratio for the fund's Class I shares is 0.97 percent.

The fund is a concentrated portfolio of 24-30 core stocks that focuses on companies with above average yields and a history of growing dividends as it seeks the best perceived combination of underlying stock growth potential at the lowest available valuation. The team uses screens and various forms of in-depth research to search for stocks that have the dividend characteristics and meet valuation, growth and financial strength objectives, while identifying themes that transcend day-to-day economic news flows.

For more information on Sterling Capital Equity Income Fund and our diverse family of mutual funds, please contact one of our consultants at 888-228-1872.

Lipper rankings are based on total return, including the reinvestment of dividends and capital gains but do not include sales charges for the periods indicated. Rankings shown are for Class I shares and may be lower for Class A shares due to higher fees and expenses. Rankings are relative to a peer group and do not necessarily mean the fund had high total returns.

Mutual funds are assigned a rank within a universe of funds similar in investment objective as determined by Lipper. The highest percentile rank is 1 percent and the lowest is 100 percent.  As of June 30, 2014, the fund received the following percentile ranks, 97 percent for the 1-year, 68 percent for the 3-year, 66 percent for the 5-year and 3 percent for the 10-year time period among 450, 317, 269 and 159 in the Equity Income Fund category, respectively.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the fund, please call 888-228-1872 or visit our website at www.SterlingCapitalFunds.com. Read the prospectus carefully before investing.

Investment Considerations –

The fund is subject to investment style risk, which depends on where the fund is primarily invested. An investment in growth stocks may be particularly sensitive to market conditions while value stocks may be undervalued for longer than anticipated. The fund may invest in foreign securities subject to risks such as currency volatility, political and social instability or small capitalization companies subject to greater volatility and less liquidity due to limited resources or product lines. The fund may engage in writing covered call options. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying stock above the exercise price, but continues to bear the risk of a decline in the stock.

The funds are distributed by Sterling Capital Distributors, LLC.

Investment advisory services are available through Sterling Capital Management LLC, a separate subsidiary of BB&T 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, Branch Banking and Trust Company or any affiliate, are not guaranteed by Branch Banking and Trust Company or any other bank, are not insured by the FDIC or any other government agency, and are subject to investment risk, including possible loss of principal invested.

SOURCE Sterling Capital Funds

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, discussed how a cloud designed for production operations not only helps accelerate developer inno...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great dea...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
910Telecom exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and exchanges.