Definitive Materials Filed by Investment Companies. (497)
03 Juni 2013 - 6:04PM
Edgar (US Regulatory)
STERLING CAPITAL SMALL VALUE FUND
SUPPLEMENT DATED JUNE 3, 2013 TO THE
STERLING CAPITAL FUNDS CLASS A, CLASS B AND CLASS C SHARES
PROSPECTUS
AND INSTITUTIONAL AND CLASS R SHARES PROSPECTUS,
EACH DATED FEBRUARY 1, 2013, AS AMENDED
This Supplement provides the following amended and supplemental information and supersedes any information to the contrary in the Sterling Capital
Funds Class A, Class B and Class C Shares Prospectus (the Retail Prospectus) and Institutional and Class R Shares Prospectus (the Institutional Prospectus), each dated February 1, 2013, as amended, with
respect to the Sterling Capital Small Value Fund.
Change in Fund Name
Effective immediately, the Sterling Capital Small Value Fund will be renamed the
Sterling Capital Small Cap Value Diversified Fund
(the Fund). All references in the Prospectus to the
Sterling Capital Small Value Fund should be construed to refer to the Fund.
Change in Investment Strategies
Effective immediately, the second and third paragraph of the Principal Strategy section of the Fund will be replaced with the following:
Principal Strategy
Sterling Capital Management LLC (Sterling Capital) applies behavioral finance principles in the construction of the Funds portfolio. Behavioral finance theorizes that
investment decisions are often influenced by 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 buying
opportunities in the marketplace. Sterling Capital seeks to capitalize on these behaviorally driven market anomalies by employing a disciplined investment process that ranks companies in the Funds investment universe based on a number of
factors, such as valuation, price momentum and earnings revisions, and also takes into account such factors as liquidity and sector exposure to construct a diversified portfolio. Sterling Capital considers selling a security when the securitys
ranking becomes less attractive and/or in light of liquidity, sector exposure or diversification considerations.
Change in Portfolio
Manager
Effective immediately, the information set forth under Management Portfolio Manager will be replaced with the
following:
Portfolio Managers
Robert W. Bridges
Director of Sterling Capital and Portfolio Manager
Since June 2013
Robert O. Weller
Director of Sterling Capital and Portfolio Manager
Since June 2013
Effective immediately, the following replaces the description of the Portfolio
Managers for the Fund in the Portfolio Managers section of the Prospectus:
Small Cap Value Diversified
Fund
: Robert W. Bridges and Robert O. Weller are co-portfolio managers of the Sterling Capital Small Cap Value Diversified Fund.
Mr. Bridges, CFA, joined Sterling Capital in 1996, and became a part of the Equity team in 2000. He has over a decade of experience as a Senior Analyst supporting the firms fundamentally driven
portfolios. In 2006, Mr. Bridges embarked on a research project that led to the development of the firms 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. Mr. Bridges continues his role as an analyst for the fundamental portfolios and also serves as co-head of the Behavioral
Finance Equity group. Prior to joining Sterling, Mr. Bridges worked as a research analyst and investment committee member at Bridges Investment Counsel. Mr. Bridges received a B.S. in Business from Wake Forest University. He is a CFA
charterholder.
Mr. Weller, CFA, joined Sterling Capital in 2012 and is co-head of the Behavior Finance
Equity group at the firm. He joined JPMorgan in 1997 and was one of the founding members of the U.S. based Large Cap, Mid Cap and Multi Cap Behavioral Finance strategies in 2003 at JPMorgan Investment Management. Mr. Weller 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. 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 Banks discretionary platform. He started his career at Legg Mason Wood Walker in Baltimore, Maryland in 1996. Mr. Weller
received a B.B.A. in Finance from Loyola University Maryland. He is a CFA charterholder.
SHAREHOLDERS SHOULD RETAIN THIS
SUPPLEMENT WITH THE PROSPECTUS
AND STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE
PRO-SUP-0613
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