STRAX Fees and Costs — Sterling Capital Behavioral Large Cap Value Equity Fund, Class R6
Data updated: 2026-08-31
The net expense ratio is 0.69%: a 0.45% management fee plus 0.35% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $15K in broker commissions, 0.0379% of average net assets, and portfolio turnover was 108%.
STRAX Fees and Expenses
Annual operating expenses and sales charges of STRAX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.11% |
| 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 |
STRAX Costs Over Time
On $10,000 invested in STRAX, assuming 5% a year before costs, total costs come to $458 over 5 years, cutting the return by 0.76% 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 | $394 |
| Trading costs (broker commissions) | $4 | $12 | $22 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $251 | $458 |
| Value after costs | $10,424 | $11,325 | $12,305 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
STRAX 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): 0.0379%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 108%
- Securities lending: none during the year
STRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $11K | 74.81% |
| MORGAN STANLEY & CO. LLC | $4K | 24.95% |
| Instinet LLC | $37 | 0.24% |
Sterling Capital Behavioral Large 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 |
|---|---|---|---|
| STRAX | Class R6 | 0.69% | none |
| BBISX | Institutional Class | 0.80% | none |
| BBTGX | Class A | 1.05% | 5.75% |
| BCVCX | Class C | 1.80% | 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.