SPSAX Fees and Costs — Sterling Capital Behavioral Small Cap Value Equity Fund, Class A
Data updated: 2026-08-31
The net expense ratio is 1.09%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.24% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $122K in broker commissions, 0.1204% of average net assets, and portfolio turnover was 90%.
SPSAX Fees and Expenses
Annual operating expenses and sales charges of SPSAX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
SPSAX Costs Over Time
On $10,000 invested in SPSAX, assuming 5% a year before costs, total costs come to $1,444 over 5 years, cutting the return by 2.49% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.09%) | $108 | $336 | $581 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $29 | $109 | $224 |
| Total costs | $724 | $1,057 | $1,444 |
| Value after costs | $9,776 | $10,519 | $11,318 |
| Impact on return, per year | 7.24% | 3.30% | 2.49% |
SPSAX 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): 0.1204%
- Total broker commissions: $122K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 90%
- Securities lending: none during the year
SPSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $118K | 96.76% |
| MORGAN STANLEY & CO. LLC | $3K | 2.69% |
| Cown & Company LLC | $666 | 0.55% |
Sterling Capital Behavioral Small Cap Value Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| STRBX | Class R6 | 0.78% | none |
| SPSCX | Institutional Class | 0.84% | none |
| SPSAX | Class A | 1.09% | 5.75% |
| SPSDX | Class C | 1.84% | 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.