STRLX Fees and Costs — Sterling Capital Mid Cap Relative Value Fund, Class A
Data updated: 2026-08-31
The net expense ratio is 1.17%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $17K in broker commissions, 0.0369% of average net assets, and portfolio turnover was 40%.
STRLX Fees and Expenses
Annual operating expenses and sales charges of STRLX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.17% |
| Fee waiver | — |
| Net expense ratio | 1.17% |
| 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 |
STRLX Costs Over Time
On $10,000 invested in STRLX, assuming 5% a year before costs, total costs come to $1,442 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 1.17%) | $116 | $360 | $624 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $29 | $109 | $224 |
| Total costs | $723 | $1,056 | $1,442 |
| Value after costs | $9,777 | $10,520 | $11,320 |
| Impact on return, per year | 7.23% | 3.29% | 2.49% |
STRLX 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): 0.0369%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
STRLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $16K | 98.59% |
| Piper Sandler Companies | $235 | 1.41% |
Sterling Capital Mid Cap Relative Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SCMCX | R6 Class | 0.81% | none |
| STRGX | Institutional Class | 0.92% | none |
| STRLX | Class A | 1.17% | 5.75% |
| STRNX | Class C | 1.92% | 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.