BICRX Fees and Costs — Sterling Capital Total Return Bond Fund, Class R
Data updated: 2026-08-31
The net expense ratio is 0.95%: a 0.25% management fee, a 0.50% 12b-1 fee plus 0.20% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 79%.
BICRX Fees and Expenses
Annual operating expenses and sales charges of BICRX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BICRX Costs Over Time
On $10,000 invested in BICRX, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.95%) | $100 | $311 | $540 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $595 |
| Value after costs | $10,400 | $11,249 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
BICRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 79%
- Securities lending: none during the year
BICRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.5B | 56.26% |
| GOLDMAN SACHS & CO. LLC | $213.5M | 8.06% |
| CitiGroup Global Markets Inc. | $211.8M | 8.00% |
| MORGAN STANLEY & CO. LLC | $210.9M | 7.96% |
| BOFA SECURITIES, INC. | $180.0M | 6.79% |
| WELLS FARGO SECURITIES LLC | $162.6M | 6.14% |
| BMO CAPITAL MARKETS CORP. | $82.8M | 3.12% |
| BNP PARIBAS SECURITIES CORP. | $42.6M | 1.61% |
| BARCLAYS CAPITAL, INC. | $35.8M | 1.35% |
| HSBC SECURITIES (USA), INC. | $18.9M | 0.71% |
Sterling Capital Total Return Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| STRDX | Class R6 | 0.35% | none |
| BIBTX | Institutional Class | 0.45% | none |
| BICAX | Class A | 0.70% | 2.00% |
| BICRX | Class R | 0.95% | none |
| BICCX | Class C | 1.45% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.