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STERLING CAPITAL MID VALUE FUND
mutual fund
OVEAX
Payout Change
Pending
Price as of:
$16.55
+0.03
+0.18%
primary theme
U.S. Mid-Cap Value Equity
share class
OVEAX (Mutual Fund)
STERLING CAPITAL MID VALUE FUND
Payout Change
Pending
Price as of:
$16.55
+0.03
+0.18%
primary theme
U.S. Mid-Cap Value Equity
share class
OVEAX (Mutual Fund)
STERLING CAPITAL MID VALUE FUND
Payout Change
Pending
Price as of:
$16.55
+0.03
+0.18%
primary theme
U.S. Mid-Cap Value Equity
share class
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
11.5%
1 yr return
17.6%
3 Yr Avg Return
3.6%
5 Yr Avg Return
8.2%
Net Assets
$46.9 M
Holdings in Top 10
34.6%
52 WEEK LOW AND HIGH
$16.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.19%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 34.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
OVEAX - Profile
Distributions
- YTD Total Return 11.5%
- 3 Yr Annualized Total Return 3.6%
- 5 Yr Annualized Total Return 8.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.08%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameSTERLING CAPITAL MID VALUE FUND
-
Fund Family NameSterling Capital Funds
-
Inception DateMar 04, 2002
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPatrick Rau
Fund Description
To pursue its investment objective, the Fund will invest, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in the securities of middle capitalization companies. Middle capitalization companies are defined as companies with market capitalizations within the range of those companies in the Russell Midcap® Index at the time of purchase. As of December 31, 2023, the capitalization range of the Russell Midcap® Index was between $270 million and $73 billion. Under normal market conditions, the Fund primarily invests in domestically traded U.S. common stocks, U.S. traded common stocks of foreign companies (including stocks of issuers located in emerging markets), and American Depositary Receipts (“ADRs”). The Fund may have exposure to emerging markets through its investments in ADRs. The Fund may invest in securities of small and large capitalization companies.
In managing the Fund, the portfolio manager attempts to diversify across different economic sectors, selecting those stocks that he believes are undervalued. In choosing individual stocks, the portfolio manager considers both quantitative and qualitative factors to examine the fundamental characteristics of a particular company. Quantitative analysis focuses on businesses with strong cash flow, high return on invested capital, and attractive growth prospects. Desired qualitative characteristics include companies with a sustainable competitive advantage, favorable industry structure and strong management team focused on creating shareholder value. The portfolio manager may consider selling a stock owned by the Fund when the stock price exceeds the portfolio manager’s estimate of fair value, key fundamentals change or the expected level of progress cannot be demonstrated. The Fund may reduce its position in a particular stock if the stock represents a disproportionately large position within the Fund’s portfolio, or more attractive investment alternatives are identified. The portfolio manager may consider environmental, social and governance (“ESG”) factors as part of the investment process.
OVEAX - Performance
Return Ranking - Trailing
| Period | OVEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.5% | 6.6% | 39.2% | 90.00% |
| 1 Yr | 17.6% | 11.5% | 48.7% | 87.50% |
| 3 Yr | 3.6%* | -0.1% | 18.6% | 93.52% |
| 5 Yr | 8.2%* | 1.0% | 18.8% | 86.49% |
| 10 Yr | 7.4%* | 1.8% | 11.8% | 91.25% |
* Annualized
Return Ranking - Calendar
| Period | OVEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | -11.3% | 33.3% | 78.33% |
| 2022 | -26.8% | -41.6% | 2.3% | 96.63% |
| 2021 | 11.7% | -41.5% | 44.9% | 78.87% |
| 2020 | 9.0% | -29.0% | 22.1% | 5.16% |
| 2019 | 13.0% | -8.1% | 31.2% | 91.72% |
Total Return Ranking - Trailing
| Period | OVEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.5% | 6.6% | 39.2% | 90.00% |
| 1 Yr | 17.6% | 11.5% | 48.7% | 87.50% |
| 3 Yr | 3.6%* | -0.1% | 18.6% | 93.52% |
| 5 Yr | 8.2%* | 1.0% | 18.8% | 86.49% |
| 10 Yr | 7.4%* | 1.8% | 11.8% | 91.25% |
* Annualized
Total Return Ranking - Calendar
| Period | OVEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.5% | -1.7% | 36.5% | 50.56% |
| 2022 | -12.7% | -35.0% | 2.4% | 88.20% |
| 2021 | 21.2% | 6.2% | 48.3% | 90.42% |
| 2020 | 9.2% | -22.9% | 23.2% | 10.03% |
| 2019 | 22.5% | -3.0% | 35.7% | 86.98% |
NAV & Total Return History
OVEAX - Holdings
Concentration Analysis
| OVEAX | Category Low | Category High | OVEAX % Rank | |
|---|---|---|---|---|
| Net Assets | 46.9 M | 991 K | 28 B | 92.24% |
| Number of Holdings | 41 | 8 | 2308 | 91.14% |
| Net Assets in Top 10 | 16.9 M | 349 K | 5.52 B | 89.47% |
| Weighting of Top 10 | 34.65% | 4.6% | 100.2% | 13.57% |
Top 10 Holdings
- Globe Life, Inc. 4.03%
- Nisource, Inc. 3.96%
- CBRE Group, Inc. 3.67%
- SLM Corp. 3.43%
- Mohawk Industries, Inc. 3.41%
- Euronet Worldwide, Inc. 3.38%
- Corteva, Inc. 3.37%
- Radian Group, Inc. 3.15%
- SSC Technologies Holdings, Inc. 3.15%
- Centene Corp. 3.10%
Asset Allocation
| Weighting | Return Low | Return High | OVEAX % Rank | |
|---|---|---|---|---|
| Stocks | 97.62% | 55.64% | 103.53% | 72.30% |
| Cash | 2.38% | 0.00% | 27.43% | 31.30% |
| Preferred Stocks | 0.00% | 0.00% | 1.68% | 46.81% |
| Other | 0.00% | 0.00% | 7.98% | 66.20% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 42.90% |
| Bonds | 0.00% | 0.00% | 19.09% | 44.88% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OVEAX % Rank | |
|---|---|---|---|---|
| Financial Services | 22.42% | 0.00% | 60.11% | 16.16% |
| Healthcare | 17.30% | 0.00% | 32.47% | 4.18% |
| Consumer Cyclical | 12.82% | 0.00% | 29.62% | 31.48% |
| Industrials | 11.30% | 0.00% | 29.02% | 76.04% |
| Technology | 10.13% | 0.00% | 30.07% | 36.77% |
| Communication Services | 6.19% | 0.00% | 19.80% | 13.37% |
| Energy | 5.77% | 0.00% | 29.17% | 77.44% |
| Basic Materials | 4.90% | 0.00% | 23.88% | 60.17% |
| Utilities | 3.41% | 0.00% | 24.69% | 73.26% |
| Consumer Defense | 3.20% | 0.00% | 33.79% | 84.68% |
| Real Estate | 2.56% | 0.00% | 40.74% | 84.12% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OVEAX % Rank | |
|---|---|---|---|---|
| US | 97.62% | 55.64% | 103.53% | 59.83% |
| Non US | 0.00% | 0.00% | 33.85% | 55.68% |
OVEAX - Expenses
Operational Fees
| OVEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.19% | 0.06% | 16.92% | 34.72% |
| Management Fee | 0.60% | 0.00% | 1.20% | 23.27% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 44.44% |
| Administrative Fee | 0.11% | 0.01% | 0.40% | 51.55% |
Sales Fees
| OVEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 3.50% | 5.75% | 25.00% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| OVEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| OVEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 34.00% | 0.00% | 227.00% | 33.74% |
OVEAX - Distributions
Dividend Yield Analysis
| OVEAX | Category Low | Category High | OVEAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.38% | 0.00% | 22.79% | 8.33% |
Dividend Distribution Analysis
| OVEAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
| OVEAX | Category Low | Category High | OVEAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.08% | -1.84% | 4.73% | 93.58% |
Capital Gain Distribution Analysis
| OVEAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.063 | OrdinaryDividend |
| Dec 13, 2023 | $0.148 | CapitalGainShortTerm |
| Dec 13, 2023 | $0.897 | CapitalGainLongTerm |
| Dec 29, 2022 | $0.035 | OrdinaryDividend |
| Dec 07, 2022 | $2.720 | CapitalGainLongTerm |
| Dec 08, 2021 | $1.638 | OrdinaryDividend |
| Dec 30, 2020 | $0.034 | OrdinaryDividend |
| Dec 30, 2019 | $0.203 | OrdinaryDividend |
| Dec 11, 2019 | $1.126 | CapitalGainLongTerm |
| Dec 12, 2018 | $0.498 | CapitalGainShortTerm |
| Dec 12, 2018 | $0.922 | CapitalGainLongTerm |
| Dec 13, 2017 | $0.000 | CapitalGainShortTerm |
| Dec 13, 2017 | $0.840 | CapitalGainLongTerm |
| Dec 07, 2016 | $0.031 | CapitalGainShortTerm |
| Dec 07, 2016 | $0.501 | CapitalGainLongTerm |
| Dec 09, 2015 | $0.087 | CapitalGainShortTerm |
| Dec 09, 2015 | $3.249 | CapitalGainLongTerm |
| Dec 30, 2014 | $0.110 | OrdinaryDividend |
| Dec 10, 2014 | $0.196 | CapitalGainShortTerm |
| Dec 10, 2014 | $0.975 | CapitalGainLongTerm |
| Dec 30, 2013 | $0.058 | OrdinaryDividend |
| Dec 11, 2013 | $0.007 | CapitalGainShortTerm |
| Dec 11, 2013 | $1.189 | CapitalGainLongTerm |
| Jun 27, 2013 | $0.046 | OrdinaryDividend |
| Dec 28, 2012 | $0.053 | OrdinaryDividend |
| Sep 27, 2012 | $0.014 | OrdinaryDividend |
| Jun 28, 2012 | $0.030 | OrdinaryDividend |
| Mar 29, 2012 | $0.014 | OrdinaryDividend |
| Dec 29, 2011 | $0.046 | OrdinaryDividend |
| Sep 29, 2011 | $0.012 | OrdinaryDividend |
| Jun 29, 2011 | $0.019 | OrdinaryDividend |
| Dec 30, 2010 | $0.021 | OrdinaryDividend |
| Sep 29, 2010 | $0.012 | OrdinaryDividend |
| Dec 30, 2009 | $0.023 | OrdinaryDividend |
| Dec 31, 2008 | $0.023 | OrdinaryDividend |
| Mar 31, 2008 | $0.004 | OrdinaryDividend |
| Dec 31, 2007 | $0.014 | OrdinaryDividend |
| Dec 12, 2007 | $0.565 | CapitalGainShortTerm |
| Dec 12, 2007 | $0.793 | CapitalGainLongTerm |
| Sep 28, 2007 | $0.012 | OrdinaryDividend |
| Jun 29, 2007 | $0.005 | OrdinaryDividend |
| Apr 30, 2007 | $0.003 | OrdinaryDividend |
| Mar 30, 2007 | $0.008 | OrdinaryDividend |
| Dec 29, 2006 | $0.009 | OrdinaryDividend |
| Dec 13, 2006 | $0.567 | CapitalGainShortTerm |
| Dec 13, 2006 | $0.121 | CapitalGainLongTerm |
| Sep 29, 2006 | $0.006 | OrdinaryDividend |
| Jun 30, 2006 | $0.014 | OrdinaryDividend |
| Mar 31, 2006 | $0.010 | OrdinaryDividend |
| Feb 28, 2006 | $0.001 | OrdinaryDividend |
| Dec 30, 2005 | $0.003 | OrdinaryDividend |
| Nov 30, 2005 | $0.007 | OrdinaryDividend |
| Sep 30, 2005 | $0.006 | OrdinaryDividend |
| Sep 08, 2005 | $5.000 | CapitalGainLongTerm |
| Aug 31, 2005 | $0.004 | OrdinaryDividend |
| Jun 30, 2005 | $0.034 | OrdinaryDividend |
| May 31, 2005 | $0.010 | OrdinaryDividend |
| Mar 31, 2005 | $0.037 | OrdinaryDividend |
| Feb 28, 2005 | $0.011 | OrdinaryDividend |
| Dec 31, 2004 | $0.025 | OrdinaryDividend |
| Dec 10, 2004 | $0.088 | CapitalGainLongTerm |
| Nov 30, 2004 | $0.008 | OrdinaryDividend |
| Sep 30, 2004 | $0.022 | OrdinaryDividend |
| Aug 31, 2004 | $0.016 | OrdinaryDividend |
| Jun 30, 2004 | $0.027 | OrdinaryDividend |
| May 28, 2004 | $0.014 | OrdinaryDividend |
| Mar 31, 2004 | $0.023 | OrdinaryDividend |
| Feb 27, 2004 | $0.017 | OrdinaryDividend |
| Jan 02, 2004 | $0.047 | OrdinaryDividend |
| Dec 01, 2003 | $0.017 | OrdinaryDividend |
| Sep 30, 2003 | $0.022 | OrdinaryDividend |
| Aug 29, 2003 | $0.013 | OrdinaryDividend |
| Jun 30, 2003 | $0.025 | OrdinaryDividend |
| May 30, 2003 | $0.010 | OrdinaryDividend |
| Apr 30, 2003 | $0.002 | OrdinaryDividend |
| Mar 31, 2003 | $0.022 | OrdinaryDividend |
| Feb 28, 2003 | $0.016 | OrdinaryDividend |
| Jan 31, 2003 | $0.003 | OrdinaryDividend |
| Dec 31, 2002 | $0.023 | OrdinaryDividend |
| Nov 29, 2002 | $0.014 | OrdinaryDividend |
| Oct 31, 2002 | $0.006 | OrdinaryDividend |
| Sep 30, 2002 | $0.021 | OrdinaryDividend |
| Aug 30, 2002 | $0.016 | OrdinaryDividend |
| Jul 31, 2002 | $0.004 | OrdinaryDividend |
| Jun 28, 2002 | $0.024 | OrdinaryDividend |
| May 31, 2002 | $0.015 | OrdinaryDividend |
| Apr 30, 2002 | $0.000 | OrdinaryDividend |
| Mar 28, 2002 | $0.019 | OrdinaryDividend |
OVEAX - Fund Manager Analysis
Managers
Patrick Rau
Start Date
Tenure
Tenure Rank
Feb 01, 2016
6.33
6.3%
Patrick W. Rau, CFA, is an Managing Director of Sterling Capital. He has been with Sterling Capital and its predecessors since 2001 and has investment experience since 1991. From 1999-2001, Mr. Rau served as Co-Portfolio Manager for Bank of America Capital Management. Mr. Rau is a graduate of Duke University where he received his A.B. in Political Science. He received his M.B.A. from Vanderbilt University. He is a CFA charterholder.
William Smith
Start Date
Tenure
Tenure Rank
Feb 25, 2020
2.26
2.3%
William C. Smith, CFA, is an Executive Director of Sterling Capital. He has been with Sterling Capital since 2015 and has investment experience since 2007. Prior to joining Sterling Capital, he was an Executive Director with Goldman Sachs in London as the lead sell side analyst covering the global media and telecommunications sector. Prior to joining Goldman Sachs, he worked for Jefferies International as the lead sell side analyst covering the global media sector. Mr. Smith is a graduate of Vanderbilt University where he received his B.E. in Structural Engineering. He received his M.B.A. from the London Business School. He is a CFA charterholder.
Lee Houser
Start Date
Tenure
Tenure Rank
Feb 25, 2020
2.26
2.3%
Lee D. Houser, CFA®, Executive Director, joined Sterling Capital Management in 2006 and has investment experience since 1999. Lee is an associate portfolio manager for Sterling’s Fundamental Equity Mid Cap Value and Fundamental Equity Small Cap Value strategies. Prior to joining Sterling, he worked for ICM Asset Management as a senior research analyst. Previous work experience includes analyst positions at Redchip Research, Raymond James Financial, Inc. and also as a software engineer with Bell Atlantic Corp. Lee received his B.S. in Mathematics and Economics from James Madison University, where he was a summa cum laude graduate, and his M.B.A. from Duke University. He holds the Chartered Financial Analyst® designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.59 | 8.15 | 10.92 |
