Sterling Capital Behavioral Small Cap Value Equity Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$18.32
$99.9 M
4.45%
$0.83
1.85%
Vitals
YTD Return
-0.5%
1 yr return
22.0%
3 Yr Avg Return
4.4%
5 Yr Avg Return
7.5%
Net Assets
$99.9 M
Holdings in Top 10
9.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.85%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 110.07%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$18.32
$99.9 M
4.45%
$0.83
1.85%
SPSDX - Profile
Distributions
- YTD Total Return -0.5%
- 3 Yr Annualized Total Return 4.4%
- 5 Yr Annualized Total Return 7.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.04%
- Dividend Yield 4.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSterling Capital Behavioral Small Cap Value Equity Fund
-
Fund Family NameSterling Capital Funds
-
Inception DateFeb 01, 2010
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Bridges
Fund Description
To pursue its investment objective, the Fund invests, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in the equity securities of small capitalization companies. Small capitalization companies are defined as companies with market capitalizations within the range of those companies in the Russell 2000® Index at the time of purchase. As of December 31, 2023, the smallest company in the Russell 2000® Index had a market capitalization of $10 million and the largest company had a market capitalization of $15 billion. The Fund invests primarily in U.S. traded equity securities of small capitalization companies. The term “U.S. traded equity securities” refers to domestically traded U.S. common stocks (including securities of real estate investment trusts (“REITs”) and exchange-traded funds (“ETFs”)), and U.S. traded equity stocks of foreign companies. The Fund may invest in securities of middle and large capitalization companies.
Sterling Capital applies “behavioral finance” principles in the construction of the Fund’s portfolio. Behavioral finance theorizes that investment decisions are often influenced by biases, heuristics (i.e., experienced-based techniques for decision making) and emotion, and that investors can be predictable (and, at times, irrational) in their decision making. These emotionally charged investment decisions can lead to stock price anomalies that create opportunities in the marketplace. Sterling Capital seeks to capitalize on these behaviorally driven market anomalies by employing a disciplined investment process. In implementing behavioral finance principles, Sterling Capital ranks companies in the Fund’s investment universe based on a number of factors that it believes can be indicators of under- or over-valuation of a security by the market, such as valuation (e.g., seeking to invest in companies that Sterling Capital believes are undervalued), price momentum (e.g., identifying securities that Sterling Capital believes will experience sustained positive price momentum) and earnings revisions (e.g., identifying and capitalizing on what Sterling Capital believes are under-reactions by the market to positive earnings revisions). Sterling Capital also takes into account such factors as market capitalization, country exposure, and sector exposure to construct a diversified portfolio. Sterling Capital considers selling a security when the security’s ranking becomes less attractive and/or in light of liquidity, sector exposure, country exposure or diversification considerations.
SPSDX - Performance
Return Ranking - Trailing
Period | SPSDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -11.0% | 11.2% | 25.33% |
1 Yr | 22.0% | -1.2% | 37.3% | 8.00% |
3 Yr | 4.4%* | -14.1% | 68.9% | 18.88% |
5 Yr | 7.5%* | -3.9% | 47.9% | 54.14% |
10 Yr | 6.1%* | -3.5% | 26.6% | 60.83% |
* Annualized
Return Ranking - Calendar
Period | SPSDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.6% | -18.4% | 33.6% | 16.81% |
2022 | -19.2% | -36.7% | 212.9% | 68.40% |
2021 | 40.1% | -62.0% | 147.6% | 3.95% |
2020 | -6.7% | -24.8% | 31.3% | 91.19% |
2019 | 19.8% | -30.1% | 34.0% | 43.64% |
Total Return Ranking - Trailing
Period | SPSDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -11.0% | 11.2% | 25.33% |
1 Yr | 22.0% | -1.2% | 37.3% | 8.00% |
3 Yr | 4.4%* | -14.1% | 68.9% | 18.88% |
5 Yr | 7.5%* | -3.9% | 47.9% | 54.14% |
10 Yr | 6.1%* | -3.5% | 26.6% | 60.83% |
* Annualized
Total Return Ranking - Calendar
Period | SPSDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.9% | -15.5% | 35.4% | 30.31% |
2022 | -12.0% | -36.7% | 250.0% | 56.43% |
2021 | 42.2% | -3.2% | 157.9% | 3.95% |
2020 | -6.7% | -13.5% | 33.4% | 96.19% |
2019 | 20.7% | -17.4% | 34.3% | 66.58% |
NAV & Total Return History
SPSDX - Holdings
Concentration Analysis
SPSDX | Category Low | Category High | SPSDX % Rank | |
---|---|---|---|---|
Net Assets | 99.9 M | 2.13 M | 52.9 B | 79.39% |
Number of Holdings | 234 | 10 | 1578 | 24.56% |
Net Assets in Top 10 | 9.23 M | 180 K | 3.01 B | 88.16% |
Weighting of Top 10 | 9.26% | 0.3% | 88.4% | 92.09% |
Top 10 Holdings
- Boise Cascade Co 1.44%
- Amkor Technology Inc 1.05%
- Warrior Met Coal Inc 0.94%
- Federated Hermes Treasury Obligations Fund 0.86%
- Meritage Homes Corp 0.85%
- Encore Wire Corp 0.84%
- M/I Homes Inc 0.84%
- UFP Industries Inc 0.83%
- Alpha Metallurgical Resources Inc 0.83%
- Chord Energy Corp 0.78%
Asset Allocation
Weighting | Return Low | Return High | SPSDX % Rank | |
---|---|---|---|---|
Stocks | 98.96% | 0.99% | 104.11% | 32.89% |
Cash | 1.04% | 0.00% | 99.01% | 63.38% |
Preferred Stocks | 0.00% | 0.00% | 2.62% | 36.84% |
Other | 0.00% | -1.78% | 40.01% | 54.17% |
Convertible Bonds | 0.00% | 0.00% | 2.63% | 34.44% |
Bonds | 0.00% | 0.00% | 73.18% | 35.96% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SPSDX % Rank | |
---|---|---|---|---|
Financial Services | 23.71% | 0.00% | 35.71% | 47.31% |
Industrials | 12.82% | 0.65% | 48.61% | 89.46% |
Real Estate | 12.40% | 0.00% | 44.41% | 15.02% |
Energy | 11.61% | 0.00% | 29.42% | 14.57% |
Healthcare | 8.50% | 0.00% | 25.76% | 22.20% |
Consumer Cyclical | 8.12% | 0.00% | 51.62% | 83.86% |
Technology | 6.02% | 0.00% | 34.03% | 86.55% |
Utilities | 5.65% | 0.00% | 13.86% | 10.54% |
Basic Materials | 5.01% | 0.00% | 67.30% | 50.00% |
Consumer Defense | 3.58% | 0.00% | 13.22% | 55.83% |
Communication Services | 2.57% | 0.00% | 24.90% | 50.45% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SPSDX % Rank | |
---|---|---|---|---|
US | 98.96% | 0.96% | 104.11% | 27.63% |
Non US | 0.00% | 0.00% | 67.90% | 51.75% |
SPSDX - Expenses
Operational Fees
SPSDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.85% | 0.05% | 37.04% | 16.67% |
Management Fee | 0.60% | 0.00% | 1.50% | 12.53% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 90.91% |
Administrative Fee | 0.11% | 0.01% | 0.35% | 58.16% |
Sales Fees
SPSDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 5.00% | 48.94% |
Trading Fees
SPSDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SPSDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 110.07% | 7.00% | 252.00% | 92.96% |
SPSDX - Distributions
Dividend Yield Analysis
SPSDX | Category Low | Category High | SPSDX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.45% | 0.00% | 14.25% | 61.84% |
Dividend Distribution Analysis
SPSDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Annual | Annual |
Net Income Ratio Analysis
SPSDX | Category Low | Category High | SPSDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.04% | -1.43% | 4.13% | 75.34% |
Capital Gain Distribution Analysis
SPSDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.207 | OrdinaryDividend |
Sep 28, 2023 | $0.047 | OrdinaryDividend |
Mar 30, 2023 | $0.004 | OrdinaryDividend |
Aug 18, 2022 | $1.535 | OrdinaryDividend |
Dec 31, 2019 | $0.112 | OrdinaryDividend |
Dec 31, 2018 | $0.047 | OrdinaryDividend |
Dec 30, 2016 | $0.055 | OrdinaryDividend |
Sep 30, 2016 | $0.021 | OrdinaryDividend |
Dec 31, 2015 | $0.050 | OrdinaryDividend |
Sep 30, 2015 | $0.036 | OrdinaryDividend |
Dec 31, 2013 | $0.062 | OrdinaryDividend |
Sep 30, 2010 | $0.006 | OrdinaryDividend |
SPSDX - Fund Manager Analysis
Managers
Robert Bridges
Start Date
Tenure
Tenure Rank
Jun 03, 2013
9.0
9.0%
Robert W. Bridges, CFA®, Executive Director, joined Sterling Capital Management in 1996 and has investment experience since 1991. Bob is an equity portfolio manager and co-head of the Factor Investing/Behavioral Finance team. He became part of Sterling's Equity Team in 2000 and from that time had 15 years of experience as a senior analyst supporting the firm's fundamentally-driven portfolios. In 2006, he embarked on a research project that led to the development of the firm's first behavioral finance investment strategy. This process led to the creation of the Sterling Behavioral Finance Small Cap Diversified Alpha Portfolio in 2008 and laid the groundwork for future expansion into other behavioral finance portfolios. Prior to joining Sterling, he worked as a research analyst and investment committee member at Bridges Investment Counsel. Bob received his B.S. in Business from Wake Forest University. He is a CFA® charterholder.
Robert Weller
Start Date
Tenure
Tenure Rank
Jun 03, 2013
9.0
9.0%
Robert O. Weller, CFA®, Executive Director, joined Sterling Capital Management in 2012 and has investment experience since 1996. Rob is an equity portfolio manager and co-head of the Factor Investing/Behavioral Finance team. Prior to joining Sterling, he was one of the founding members of the U.S. based Large Cap, Mid Cap and Multi Cap Behavioral Finance strategies in 2003 at J.P. Morgan Investment Management. He was responsible for the initial research on and implementation of the strategies. His day-to-day duties included portfolio management as well as ongoing behavioral, quantitative and qualitative research. During his tenure, the funds were listed multiple times in the Wall Street Journal as "Category Kings" for top-ranked performance and were all top quintile performers relative to their peer groups since inception. He helped grow an initial $4 million in seed capital to over $21 billion in assets under management. Rob joined J.P. Morgan in 1997. He left Investment Management in 2010 to return to the private bank to manage multi-asset class portfolios and subsequently head equities globally for the private bank's discretionary platform. He started his career at Legg Mason Wood Walker in 1996. Rob received his B.B.A. in Finance from Loyola University Maryland. He is a CFA® charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 37.45 | 8.16 | 3.58 |