BUSRX Fees and Costs — Sterling Capital Ultra Short Bond Fund, Class A
Data updated: 2026-02-27
The net expense ratio is 0.69%: a 0.20% management fee, a 0.25% 12b-1 fee plus 0.39% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 62%.
BUSRX Fees and Expenses
Annual operating expenses and sales charges of BUSRX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.39% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.69% |
| 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 |
BUSRX Costs Over Time
On $10,000 invested in BUSRX, assuming 5% a year before costs, total costs come to $434 over 5 years, cutting the return by 0.72% 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 0.69%) | $72 | $227 | $395 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $72 | $238 | $434 |
| Value after costs | $10,428 | $11,338 | $12,329 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
BUSRX 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): $35.9M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
BUSRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $3.6M | 16.52% |
| BOFA SECURITIES, INC. | $3.4M | 15.98% |
| BARCLAYS CAPITAL, INC. | $3.4M | 15.72% |
| Mitsubishi Securities Americas Inc | $2.7M | 12.32% |
| GOLDMAN SACHS & CO. LLC | $2.5M | 11.57% |
| BNP PARIBAS SECURITIES CORP. | $2.0M | 9.41% |
| WELLS FARGO SECURITIES, LLC | $1.3M | 6.12% |
| RBC CAPITAL MARKETS LLC | $1.1M | 5.12% |
| MIZHUHO SECURITIES USA LLC | $808K | 3.75% |
| MARKETAXESS CORPORATION | $754K | 3.50% |
Sterling Capital Ultra Short 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 |
|---|---|---|---|
| BUSIX | Institutional Class | 0.44% | none |
| BUSRX | Class A | 0.69% | 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.