0001398344-24-015313.txt : 20240823 0001398344-24-015313.hdr.sgml : 20240823 20240823114846 ACCESSION NUMBER: 0001398344-24-015313 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240823 DATE AS OF CHANGE: 20240823 EFFECTIVENESS DATE: 20240823 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STERLING CAPITAL FUNDS CENTRAL INDEX KEY: 0000889284 ORGANIZATION NAME: IRS NUMBER: 043331055 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-49098 FILM NUMBER: 241234833 BUSINESS ADDRESS: STREET 1: 434 FAYETTEVILLE ST STREET 2: SUITE 500 CITY: RALEIGH STATE: NC ZIP: 27601 BUSINESS PHONE: 8002281872 MAIL ADDRESS: STREET 1: 434 FAYETTEVILLE ST STREET 2: SUITE 500 CITY: RALEIGH STATE: NC ZIP: 27601 FORMER COMPANY: FORMER CONFORMED NAME: BB&T FUNDS / DATE OF NAME CHANGE: 20010419 FORMER COMPANY: FORMER CONFORMED NAME: BB&T MUTUAL FUNDS GROUP DATE OF NAME CHANGE: 19920929 0000889284 S000003536 STERLING CAPITAL BEHAVIORAL LARGE CAP VALUE EQUITY FUND C000009819 INSTITUTIONAL CLASS BBISX C000009820 A CLASS BBTGX C000009822 C CLASS BCVCX C000199529 Class R6 STRAX 0000889284 S000003539 STERLING CAPITAL MID VALUE FUND C000009831 INSTITUTIONAL CLASS OVEIX C000009832 A CLASS OVEAX C000009834 C CLASS OVECX C000199530 Class R6 STRMX 0000889284 S000003541 STERLING CAPITAL NORTH CAROLINA INTERMEDIATE TAX-FREE FUND C000009837 INSTITUTIONAL CLASS BBNTX C000009838 A CLASS BNCAX C000112495 C Shares BBNCX 0000889284 S000003543 STERLING CAPITAL SPECIAL OPPORTUNITIES FUND C000009843 INSTITUTIONAL CLASS BOPIX C000009844 A CLASS BOPAX C000009846 C CLASS BOPCX C000199531 Class R6 STRSX 0000889284 S000003545 STERLING CAPITAL SOUTH CAROLINA INTERMEDIATE TAX-FREE FUND C000009851 INSTITUTIONAL CLASS BSCIX C000009852 A CLASS BASCX C000112496 C Shares BSCCX 0000889284 S000003547 STERLING CAPITAL SHORT DURATION BOND FUND C000009857 INSTITUTIONAL CLASS BBSGX C000009858 A CLASS BSGAX C000112497 C Shares BBSCX C000225245 R6 Shares SHTRX 0000889284 S000003549 STERLING CAPITAL TOTAL RETURN BOND FUND C000009863 INSTITUTIONAL CLASS BIBTX C000009864 A CLASS BICAX C000009866 C CLASS BICCX C000199532 Class R6 STRDX 0000889284 S000003551 STERLING CAPITAL VIRGINIA INTERMEDIATE TAX-FREE FUND C000009871 INSTITUTIONAL CLASS BVATX C000009872 A CLASS BVAAX C000112498 C Shares BVACX 0000889284 S000003552 STERLING CAPITAL WEST VIRGINIA INTERMEDIATE TAX-FREE FUND C000009873 INSTITUTIONAL CLASS OWVAX C000009874 A CLASS BWVAX C000112499 C Shares BWVCX 0000889284 S000003555 STERLING CAPITAL EQUITY INCOME FUND C000009883 INSTITUTIONAL CLASS BEGIX C000009884 A CLASS BAEIX C000009886 C CLASS BCEGX C000199533 Class R6 STREX 0000889284 S000003557 STERLING CAPITAL INTERMEDIATE US GOVERNMENT FUND C000009890 INSTITUTIONAL CLASS BBGVX C000009891 A CLASS BGVAX C000009893 C CLASS BIUCX 0000889284 S000012930 Sterling Capital Behavioral Small Cap Value Equity Fund C000034900 INSTITUTIONAL SHARES SPSCX C000084353 Class A SPSAX C000084355 Class C SPSDX C000199534 Class R6 STRBX 0000889284 S000033166 Sterling Capital Long Duration Corporate Bond Fund C000123268 A Class SCCMX C000123269 C Class SCCNX C000123270 Institutional Class SCCPX C000234127 CLASS R6 STRFX 0000889284 S000033167 Sterling Capital Quality Income Fund C000123271 A Class SCSSX C000123272 C Class SCSTX C000123273 Institutional Class SCSPX 0000889284 S000039047 Sterling Capital Ultra Short Bond Fund C000119973 A CLASS BUSRX C000119975 INSTITUTIONAL CLASS BUSIX 0000889284 S000047433 Sterling Capital Behavioral International Equity Fund C000148908 Class A SBIAX C000148909 Class C SBIDX C000148910 Institutional SBIIX C000199535 Class R6 STRCX 0000889284 S000049655 Sterling Capital Mid Cap Relative Value Fund C000156996 A Shares STRLX C000156997 C Shares STRNX C000156998 Institutional Shares STRGX 0000889284 S000049656 Sterling Capital Real Estate Fund C000156999 A Shares STMMX C000157000 C Shares STMOX C000157001 Institutional Shares STMDX C000217819 R6 Shares SCREX 0000889284 S000049657 Sterling Capital Small Cap Value Fund C000157002 A Shares STSNX C000157003 C Shares STSOX C000157004 Institutional Shares STSCX C000217820 R6 Shares SCSIX 497 1 fp0089927-1_497.htm

STERLING CAPITAL FUNDS

 

SUPPLEMENT DATED AUGUST 23, 2024

TO THE

CLASS A AND CLASS C SHARES PROSPECTUS AND THE

INSTITUTIONAL AND CLASS R6 SHARES PROSPECTUS,

EACH DATED FEBRUARY 1, 2024, AS SUPPLEMENTED

 

This Supplement provides new and additional information beyond that contained in the Class A and Class C Shares Prospectus (the “Retail Prospectus”) and the Institutional and Class R6 Shares Prospectus (the “Institutional Prospectus”), each dated February 1, 2024, as supplemented:

 

Effective as of the close of business on August 23, 2024 (the “Effective Date”), Ultimus Fund Solutions, LLC (“Ultimus”) has replaced the Bank of New York Mellon as sub-administrator and fund accountant, and BNY Mellon Investment Servicing (U.S.), Inc. as transfer agent, for each of the series (the “Funds”) of Sterling Capital Funds. This Supplement provides certain updated information relating to Ultimus, the Funds’ new sub-administrator, fund accountant and transfer agent. As of the Effective Date, the following changes are made in the Retail Prospectus and the Institutional Prospectus:

 

Regular and Overnight Mailing Address Updates:

 

Regular Mail:

All references in the Retail Prospectus and Institutional Prospectus to “Sterling Capital Funds, P.O. Box 534465, Pittsburgh, PA 15253-4465” are hereby deleted and replaced with: “Sterling Capital Funds, c/o Ultimus Fund Solutions, LLC, P.O. Box 46707, Cincinnati, OH 45246”.

 

Overnight Mail:

All references in the Retail Prospectus and Institutional Prospectus to “Sterling Capital Funds, P.O. Box 534465, AIM 154-0520, 500 Ross Street, Pittsburgh, PA 15262” are hereby deleted and replaced with: “Sterling Capital Funds, c/o Ultimus Fund Solutions, LLC, 225 Pictoria Dr. Suite 450, Cincinnati, OH 45246”.

 

Fund Management Update:

In the “Fund Management” section, the discussion under the header “The Administrator and Underwriter” on page 126 of the Retail Prospectus and page 182 of the Institutional Prospectus, is hereby deleted and replaced in its entirety with the following:

 

Sterling Capital Management LLC (the “Administrator”), 434 Fayetteville St., Suite 500, Raleigh, NC 27601, serves as each Fund’s administrator. The administrative services of the Administrator include providing office space, equipment and clerical personnel to the Funds and supervising custodial, auditing, valuation, bookkeeping, legal and dividend disbursing services. Ultimus Fund Solutions, LLC (“Ultimus”), 225 Pictoria Dr. Suite 450, Cincinnati, OH 45246, serves as each Fund’s sub-administrator.

 

Shareholder Information Update:

In the “Shareholder Information—Purchasing and Adding to Your Shares” section on page 129 of the Retail Prospectus and Page 186 of the Institutional Prospectus, the sentence disclosing that “A fee will be charged for any checks that do not clear” is deleted and replaced with “A fee of $25 will be charged for any checks or ACH payments that do not clear.”

 

Directed Dividend Option:

The disclosure regarding a directed dividend option on page 131 of the Retail Prospectus is deleted in its entirety.

 

 

Contingent Deferred Sales Charge Disclosure Update:

In the “Shareholder Information—Selling Your Shares” section on page 133 of the Retail Prospectus, the disclosure in the subsection titled “Contingent Deferred Sales Charge” is deleted in its entirety and replaced with the following: “A contingent deferred sales charge (“CDSC”) of 1.00% of the purchase price will be charged to Class C shareholders who redeem their shares within one year of purchasing the shares.”

 

IRA Withholding Disclosure:

In the “Shareholder Information—Selling Your Shares” section on page 133 of the Retail Prospectus and page 189 of the Institutional Prospectus, the following new subsection entitled “IRA Withholding” is added:

 

IRA Withholding

If you own an IRA or other retirement plan, you must indicate on your redemption request whether the Fund should withhold federal income tax. Unless you elect in your redemption request that you do not want to have federal tax withheld, the redemption will be subject to withholding.

 

Fee Charge for Overnight Service:

In the “Shareholder Information—Selling Your Shares” section on page 134 of the Retail Prospectus and Page 190 of the Institutional Prospectus, the sentence describing the fee for expedited delivery of redemption proceeds “By Overnight Service” is deleted in its entirety and replaced with the following: “The Fund will charge a $35 fee for this service.”

 

Fee Charge for Wire Transfer Request:

In the “Shareholder Information—Selling Your Shares” section on page 134 of the Retail Prospectus and Page 190 of the Institutional Prospectus, the sentence describing the fee for a wire transfer request of redemption proceeds under “By Wire Transfer” is deleted in its entirety and replaced with the following: “The Fund will charge a $15 wire transfer fee for each wire transfer request. Note: Your financial institutional may also charge a separate fee.”

 

Redemptions Disclosure Update:

In the “Shareholder Information—Redemptions Within 15 Business Days of Investment” section on page 135 of the Retail Prospectus and page 191 of the Institutional Prospectus, the disclosure is deleted in its entirety and replaced with the following:

 

Redemptions Within 15 Business Days of Investment

When you have made an investment by check or ACH, the proceeds of your redemption may be held up to 15 business days until the transfer agent is satisfied that the funds have cleared. You can still avoid this delay by purchasing shares with a federal funds wire.

 

In addition, in the “Shareholder Information—Redemptions in Writing Requirements” section on page 135 of the Retail Prospectus and page 190 of the Institutional Prospectus, each reference to “30 business days” is replaced with a reference to “30 calendar days”. In addition, the sentence disclosing that “The redemption proceeds are being wired to bank instructions currently not on your account” is deleted and replaced with “The redemption proceeds are being paid to new bank instructions or bank instructions added to your account within the last 15 calendar days.”

 

Distribution Arrangements/Sales Charges Disclosure Update:

In the “Shareholder Information—Distribution Arrangements/Sales Charges” section on page 139 of the Retail Prospectus, the following disclosure is deleted in its entirety: “Distributions of less than 12% of the annual account value under the Auto Withdrawal Plan.”

 

 

Symbol Authentication Disclosure Update:

In the “Shareholder Information—General Policies on Selling Shares” section on page 135 of the Retail Prospectus and page 191 of the Institutional Prospectus, under the subsection “Verifying Telephone and Online Redemptions”, the reference to “symbol authentication” is hereby deleted and replaced with a reference to “multi-factor authentication”.

 

Cost Basis Reporting Disclosure Update:

In the “Shareholder Information—Cost Basis Reporting” section on page 143 of the Retail Prospectus and page 194 of the Institutional Prospectus, the sentence disclosing that “ If you hold your shares directly in a Fund account, the Fund’s default method (or the method you have selected by notifying the Fund) will apply” is deleted and replaced with “ If you hold your shares directly in a Fund account, the average cost method (or the method you have selected by notifying the Fund) will apply”

 

Lost Shareholders Disclosure:

In the “Shareholder Information—Selling Your Shares” section on page 136 of the Retail Prospectus and page 192 of the Institutional Prospectus, the following new subsection entitled “Lost Shareholders” is added immediately below the subsection entitled “Undeliverable Distribution Checks”:

 

Lost Shareholders

An account may be turned over as unclaimed property to the investor’s last known state of tax residence if the account is deemed “inactive” or “lost” during the time frame specified within the applicable state’s unclaimed property laws. Investors who are residents of the state of Texas may designate a representative to receive legislatively required unclaimed property due diligence notifications. A Texas Designation of Representative Form is available for making such an election.

 

SHAREHOLDERS SHOULD RETAIN THIS SUPPLEMENT

WITH THE PROSPECTUS FOR FUTURE REFERENCE.