Sterling Capital Funds Rank at Top of Lipper Peers
CHARLOTTE, N.C., Jan. 20, 2016 /PRNewswire/ -- Sterling Capital Management LLC (Sterling) announced today several of its mutual funds have ranked near the top of their respective Lipper Peer Categories based on Total Return for the one-, three-, five- and 10-year trailing periods as of Dec. 31, 2015. Twelve separate Sterling Capital Funds, representing more than 70 percenti of the assets under management in the Sterling Capital Fund family, finished in the top one-third of their peer group for the 10 years ended Dec. 31, 2015.
The Sterling Capital Special Opportunities Fund (BOPIX) finished No. 1 in the Lipper Multi-Cap Core category for 2015 and the Sterling Capital Total Return Bond Fund (BIBTX) finished in the top quartile for one-, three-, five- and 10-years.
"The Lipper recognition is a fortunate result of a disciplined investment process that has remained consistent since the fund's inception more than 12 years ago," said Lead Portfolio Manager George Shipp. "I'm lucky to work with a great team of professionals at Sterling Capital, and indebted to our valued clients for having confidence in us. We look forward to helping our shareholders achieve their investment goals in the years ahead."
Following are Sterling Capital Funds highlights from the Dec. 31, 2015, Lipper Report for Institutional Shares:
| TOP 10 PERCENT |
TOP 25 PERCENT |
TOP 33 PERCENT |
| ONE YEAR |
||
| Corporate (SCCPX) Special Opportunities (BOPIX) West Virginia Intermediate Tax-Free (OWVAX) |
Behavioral Small Cap Value Equity (SPSCX) Mid Value (OVEIX) North Carolina Intermediate Tax-Free (BBNTX) Strategic Allocation Balanced (BCGTX) South Carolina Intermediate Tax-Free (BSCIX) Total Return Bond (BIBTX) |
Behavioral International (SBIIX) Securitized Opportunities (SCSPX) Short Duration Bond (BBSGX) Ultra Short Bond (BUSIX) |
| THREE YEARS |
||
| Mid Value (OVEIX) Special Opportunities (BOPIX) Total Return Bond (BIBTX) |
Behavioral Small Cap Value Equity (SPSCX) Diversified Income (BMGTX) South Carolina Intermediate Tax-Free (BSCIX) |
Corporate (SCCPX) Short Duration Bond (BBSGX) |
| FIVE YEARS |
||
| South Carolina Intermediate Tax-Free (BSCIX) Special Opportunities (BOPIX) Total Return Bond (BIBTX) |
Mid Value (OVEIX) Short Duration Bond (BBSGX) Stratton Small Cap Value (STSCX) West Virginia Intermediate Tax-Free (OWVAX) |
|
| TEN YEARS |
||
| Kentucky Intermediate Tax-Free (BKITX) Maryland Intermediate Tax-Free (BMAIX) North Carolina Intermediate Tax-Free (BBNTX) South Carolina Intermediate Tax-Free (BSCIX) Special Opportunities (BOPIX) Total Return Bond (BIBTX) |
Equity Income (BEGIX) Mid Value (OVEIX) Stratton Real Estate (STMDX) Virginia Intermediate Tax-Free (BVATX) West Virginia Intermediate Tax-Free (OWVAX) |
Behavioral Small Cap Value Equity (SPSCX) |
Following are the standard time periods ending Dec. 31, 2015, from the Lipper Report:
| 1-Year |
3-Years |
5-Years |
10-Years |
|
| Lipper Rankings based on Total Return |
Percentile Rank |
Percentile Rank |
Percentile Rank |
Percentile Rank |
| Total Return Bond (BIBTX) |
21 |
10 |
21 |
8 |
| Total # Funds in Lipper Core Bond Category |
506 |
453 |
403 |
289 |
| Corporate Bond (SCCPX) |
3 |
29 |
N/A |
N/A |
| Total # Funds in Lipper Corp Debt BBB Rated Category |
208 |
180 |
156 |
106 |
| Equity Income (BEGIX) |
46 |
89 |
75 |
12 |
| Total # Funds in Lipper Equity Income Category |
507 |
395 |
297 |
189 |
| Behavioral International (SBIIX) |
31 |
N/A |
N/A |
N/A |
| Total # Funds in Lipper International Multi-Cap Core Category |
410 |
|||
| Mid Value (OVEIX) |
24 |
8 |
26 |
16 |
| Total # Funds in Lipper Mid-Cap Core Category |
412 |
363 |
316 |
222 |
| Diversified Income (BMGTX) |
58 |
23 |
43 |
36 |
| Total # Funds in Lipper Mixed-Asset Target Allocation Conservative Category |
360 |
326 |
269 |
185 |
| Special Opportunities (BOPIX) |
1 |
6 |
18 |
2 |
| Total # Funds in Lipper Multi-Cap Core Category |
734 |
654 |
574 |
367 |
| West Virginia Intermediate Tax-Free (OWVAX) |
9 |
40 |
29 |
15 |
| Virginia Intermediate Tax-Free (BVATX) |
34 |
53 |
61 |
12 |
| South Carolina Intermediate Tax-Free (BSCIX) |
11 |
24 |
23 |
4 |
| North Carolina Intermediate Tax-Free (BBNTX) |
19 |
41 |
37 |
7 |
| Maryland Intermediate Tax-Free (BMAIX) |
36 |
55 |
57 |
3 |
| Kentucky Intermediate Tax-Free (BKITX) |
50 |
53 |
44 |
7 |
| Total # Funds in Lipper Other States Intermediate Municipal Category |
103 |
92 |
82 |
77 |
| Stratton Real Estate (STMDX) |
71 |
35 |
50 |
19 |
| Total # Funds in Lipper Real Estate Category |
264 |
224 |
186 |
131 |
| Short Duration Bond (BBSGX) |
27 |
26 |
27 |
44 |
| Total # Funds in Lipper Short Investment Grade Category |
302 |
260 |
213 |
150 |
| Stratton Small Cap Value (STSCX) |
46 |
51 |
29 |
43 |
| Total # Funds in Lipper Small Cap Core Category |
797 |
681 |
603 |
393 |
| Behavioral Small Cap Value Equity (SPSCX) |
13 |
13 |
55 |
28 |
| Total # Funds in Lipper Small-Cap Value Category |
309 |
261 |
227 |
143 |
| Securitized Opportunities (SCSPX) |
27 |
43 |
N/A |
N/A |
| Total # Funds in Lipper US Mortgage Category |
122 |
107 |
||
| Ultra Short Bond (BUSIX) |
27 |
40 |
N/A |
N/A |
| Total # Funds in Lipper Ultra-Short Obligations Category |
112 |
95 |
Lipper is a Thomson Reuters subsidiary and currently provides information and analysis of more than 117,000 mutual funds, globally. Lipper Classification Methodology is holdings-based, with data taken as of six points in time – the current observation, as well as the past five semi-fiscal-year-end dates. More emphasis (40 percent weight) is assigned to the current observation, decreasing down to a 7 percent weight for the oldest date analyzed. A Lipper universe benchmark compares the performance of a portfolio versus similarly managed products available in the marketplace (similar- as defined by Lipper). These universes represent the opportunity set for a prospective investor in a particular investment style.
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 and Class C Shares due to higher fees and expenses. Lipper assigns mutual funds a rank within a universe of funds, relative to a peer group and similar in investment objective. Lipper calculates a percentile measure for each fund ranging from 1 percent (best) to 100 percent (worst). High rankings do not assure high or favorable performance. Past performance does not guarantee future results.
Sterling Capital Management LLC
Sterling Capital Management LLC, is a registered investment advisor founded in 1970, with more than $50 billion in assets under management as of Sept. 30, 2015. Sterling is an independently operated subsidiary of BB&T Corporation, one of the nation's largest financial services holding companies. Headquartered in Charlotte, N.C., Sterling is comprised of more than 120 professionals in San Francisco, Calif; Atlanta, Ga.; Washington, D.C.; Raleigh, N.C.; Philadelphia, Pa.; and Richmond and Virginia Beach, Va. Sterling provides investment management services to a diverse group of clients, including corporate, public, health care, private clients, endowment, foundation, insurance, sub-advisory, and managed investment pools. Pensions & Investments magazine ranked Sterling No. 134 in the 2015 "Largest Global Money Managers" report.
i AUM calculation includes all Share Classes
SOURCE Sterling Capital Management LLC
Related Links
http://www.sterlingcapitalfunds.com
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