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
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that EARP Integration 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. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
SYS-CON Events announced today that Enzu 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, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that Interoute has been named “Bronze 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. Interoute is the owner operator of Europe's largest network and a global cloud services platform, which encompasses over 70,000 km of lit fiber, 15 data centers, 17 virtual data centers and 33 colocation centers, with connections to 195 additional partner data centers. Our full-service Unifie...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze 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. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
SYS-CON Events announced today that WineSOFT 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. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
SYS-CON Events announced today that Carbonite 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. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.
When NSA's digital armory was leaked, it was only a matter of time before the code was morphed into a ransom seeking worm. This talk, designed for C-level attendees, demonstrates a Live Hack of a virtual environment to show the ease in which any average user can leverage these tools and infiltrate their network environment. This session will include an overview of the Shadbrokers NSA leak situation.
Cloud-based disaster recovery is critical to any production environment and is a high priority for many enterprise organizations today. Nearly 40% of organizations have had to execute their BCDR plan due to a service disruption in the past two years. Zerto on IBM Cloud offer VMware and Microsoft customers simple, automated recovery of on-premise VMware and Microsoft workloads to IBM Cloud data centers.
SYS-CON Events announced today that Ocean9will 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. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze 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. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs ofte...