Sterling Capital Ultra Short Bond Fund

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Sterling Capital Ultra Short Bond Fund Portfolio Holdings, November 30, 2018 (unaudited)

Security Name FEDERATED TREASURY OBLIGATIONS FUND HERTZ VEHICLE FINANCING, LLC, SERIES 201 AT&T INC\3A 4-2 CP 12.6.2018 AVIS BUDGET RENTAL CAR FUNDING AESOP, LL CHESAPEAKE FUNDING II, LLC, SERIES 2017DBUBS MORTGAGE TRUST, SERIES 2011-LC2A, SCHLUMBERGER HOLDINGS CORP. VERIZON COMMUNICATIONS INC GENERAL MOTORS FINANCIAL CO INC CITIZENS BANK NA/PROVIDENCE RI WEA FINANCE LLC / WESTFIELD UK & EUROPE COUNTRYWIDE ASSET-BACKED CERTIFICATES GENERAL DYNAMICS CORP COMM MORTGAGE TRUST, SERIES 2013-CCR11, CAPITAL AUTO RECEIVABLES ASSET TRUST, SE NEW JERSEY, ST, ECON DEV AUTH REVENUE, R UNITEDHEALTH GROUP INC CVS HEALTH CORP BARCLAYS BANK PLC AMERICAN TOWER CORP SVENSKA HANDELSBANKEN AB TORONTO-DOMINION BANK (THE) NEW CENTURY HOME EQUITY LOAN TRUST, SERI DOMINION RESOURCES INC. (VA) SEMPRA ENERGY RYDER SYSTEM, INC., SERIES MTN SL GREEN OPERATING PARTNERSHIP LP ASSOCIATED BANC-CORP. ISTAR, INC. ERAC USA FINANCE LLC WILLIAMS PARTNERS L.P. CARMAX AUTO OWNER TRUST 2015-3 BANK OF NOVA SCOTIA/THE FORD CREDIT AUTO OWNER TRUST, SERIES 20 DR HORTON, INC. PENNSYLVANIA ELECTRIC CO. GMRF MORTGAGE ACQUISITION CO., LLC, SERI BANK OF MONTREAL TAKEDA PHARMACEUTICAL CO., LTD. HYUNDAI CAPITAL AMERICA TENET HEALTHCARE CORP. PHILLIPS 66 DBS GROUP HOLDINGS, LTD. SUMITOMO MITSUI BANKING CORP GLENCORE FUNDING LLC CATERPILLAR FINANCIAL SERVICES CORP. REALOGY GROUP LLC / REALOGY CO-ISSUER CO SWEDBANK AB CREDIT AGRICOLE SA (LONDON) DNB BANK ASA NISSAN MOTOR ACCEPTANCE CORP. DELL INTERNATIONAL LLC / EMC CORP AXIS SPECIALTY FINANCE PLC CANADIAN IMPERIAL BANK OF COMMERCE COMPASS BANK TRI POINTE GROUP INC / TRI POINTE HOMES ENABLE MIDSTREAM PARTNERS L.P. DXC TECHNOLOGY CO. SCENTRE GROUP TRUST 1/2 STATE OF ILLINOIS FREEPORT-MCMORAN INC VULCAN MATERIALS CO INVISTA FINANCE LLC CENTURYLINK INC DOLLAR TREE, INC. MISSISSIPPI POWER CO SPIRIT AEROSYSTEMS INC SANTANDER DRIVE AUTO RECEIVABLES TRUST, ALLY FINANCIAL, INC. DOWDUPONT, INC. XLIT LTD TEXTRON, INC. BECTON DICKINSON AND CO EXPORT-IMPORT BANK OF KOREA CONSTELLATION BRANDS, INC. COMMSCOPE, INC.

Security ID 60934N500 42806DAY5 0020A3M64 05377RBN3 165183AR5 23305XAD3 806851AB7 92343VDZ4 37045XBB1 17401QAJ0 92890HAB8 126670VZ8 369550BB3 12626LAB8 13975WAE3 645918VX8 91324PDG4 126650DD9 06744CFY2 03027XAC4 86960BAS1 89114QC22 64352VLL3 25746UCP2 816851BC2 78355HJU4 78444FAG1 045487AA3 45031UCC3 26884TAM4 96950FAD6 14313VAE4 064159LH7 34531PAE1 23331ABJ7 708696BW8 36418GAU8 06367TPY0 874060AK2 44891AAV9 88033GCJ7 718546AP9 24023KAD0 865622CK8 378272AG3 14913Q2H1 75606DAA9 87020PAD9 22532LAL8 23329PAB6 654740BG3 25272KAA1 05464HAA8 136069XZ9 20451PKN5 962178AL3 292480AG5 23355LAB2 806213AA2 452152V81 35671DBG9 929160AX7 46186RAA7 156700AN6 256746AE8 605417CA0 85205TAH3 80285FAD6 36186CCA9 26078JAG5 98420EAA3 883203BZ3 075887CF4 302154BM0 21036PBA5 203372AL1

Ticker TOIXX 42806DAY5 0020A3M64 05377RBN3 165183AR5 23305XAD3 806851AB7 92343VDZ4 37045XBB1 17401QAJ0 92890HAB8 126670VZ8 369550BB3 12626LAB8 13975WAE3 645918VX8 91324PDG4 126650DD9 06744CFY2 03027XAC4 86960BAS1 89114QC22 64352VLL3 25746UCP2 816851BC2 78355HJU4 78444FAG1 045487AA3 45031UCC3 26884TAM4 96950FAD6 14313VAE4 064159LH7 34531PAE1 23331ABJ7 708696BW8 36418GAU8 06367TPY0 874060AK2 44891AAV9 88033GCJ7 718546AP9 24023KAD0 865622CK8 378272AG3 14913Q2H1 75606DAA9 87020PAD9 22532LAL8 23329PAB6 654740BG3 25272KAA1 05464HAA8 136069XZ9 20451PKN5 962178AL3 292480AG5 23355LAB2 806213AA2 452152V81 35671DBG9 929160AX7 46186RAA7 156700AN6 256746AE8 605417CA0 85205TAH3 80285FAD6 36186CCA9 26078JAG5 98420EAA3 883203BZ3 075887CF4 302154BM0 21036PBA5 203372AL1

Shares or Par 1,122,670 750,000 525,000 450,000 442,877 399,970 404,000 400,000 400,000 380,000 360,000 359,771 350,000 350,000 355,000 325,000 325,000 310,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 288,000 285,000 277,000 265,000 260,000 250,000 251,108 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 240,000 246,000 240,000 231,000 225,000 225,000 215,000 215,000 215,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000

Market Value $ 1,122,670 746,338 524,787 448,656 437,918 409,636 403,886 400,864 399,893 372,769 358,136 357,693 350,488 349,737 347,658 325,289 323,901 309,507 300,208 300,070 299,991 299,920 299,868 299,858 299,535 299,466 298,895 298,331 297,375 297,246 293,176 282,981 276,682 262,147 259,941 255,518 252,905 250,633 250,588 250,441 250,313 250,050 249,980 249,797 249,729 249,714 249,688 249,615 249,563 249,548 249,526 249,462 249,400 249,021 248,824 248,675 248,485 247,749 247,360 242,316 242,310 240,257 230,330 227,531 225,005 215,015 214,745 214,368 200,575 200,070 199,967 199,758 199,681 198,852 198,642 198,300

% of Total Coupon Rate Maturity or Market Value* (%) Expiration Date 4.15% 2.76% 2.27 7/25/2020 1.94% 2.84 12/6/2018 1.66% 2.46 7/20/2020 1.62% 1.91 8/15/2029 1.51% 4.54 7/1/2044 1.49% 2.35 12/21/2018 1.48% 3.20 5/22/2020 1.48% 3.10 1/15/2019 1.38% 2.20 5/26/2020 1.32% 2.70 9/17/2019 1.32% 2.61 6/25/2036 1.30% 2.91 5/11/2020 1.29% 3.05 8/1/2050 1.29% 2.43 5/20/2022 1.20% 5.00 12/15/2018 1.20% 2.59 6/15/2021 1.14% 3.05 3/9/2021 1.11% 3.14 8/7/2019 1.11% 3.40 2/15/2019 1.11% 2.69 9/8/2020 1.11% 2.61 6/11/2020 1.11% 3.08 7/25/2035 1.11% 1.88 12/15/2018 1.11% 2.69 7/15/2019 1.11% 2.35 2/26/2019 1.11% 3.61 8/16/2021 1.10% 2.75 11/15/2019 1.10% 4.63 9/15/2020 1.10% 2.35 10/15/2019 1.08% 5.25 3/15/2020 1.05% 2.28 4/15/2021 1.02% 2.91 4/20/2021 0.97% 1.60 6/15/2021 0.96% 3.75 3/1/2019 0.94% 5.20 4/1/2020 0.94% 4.50 10/1/2058 0.93% 2.93 12/12/2019 0.93% 3.80 11/26/2020 0.93% 3.35 7/8/2021 0.93% 5.50 3/1/2019 0.92% 3.19 4/15/2020 0.92% 2.82 6/8/2020 0.92% 2.80 1/17/2020 0.92% 3.13 4/29/2019 0.92% 2.56 3/15/2021 0.92% 4.50 4/15/2019 0.92% 2.38 2/27/2019 0.92% 2.50 4/15/2019 0.92% 2.77 10/2/2020 0.92% 2.85 3/15/2021 0.92% 3.48 6/1/2019 0.92% 2.65 4/1/2019 0.92% 2.87 2/2/2021 0.92% 2.75 9/29/2019 0.92% 4.38 6/15/2019 0.92% 2.40 5/15/2019 0.92% 2.88 3/27/2020 0.91% 2.38 11/5/2019 0.90% 5.00 5/1/2019 0.90% 3.10 3/15/2020 0.89% 2.97 3/1/2021 0.85% 4.25 10/15/2019 0.84% 6.15 9/15/2019 0.83% 3.15 4/17/2020 0.79% 3.03 3/27/2020 0.79% 3.13 6/15/2021 0.79% 2.75 9/15/2021 0.74% 8.00 12/31/2018 0.74% 3.42 11/15/2020 0.74% 2.30 12/15/2018 0.74% 3.17 11/10/2020 0.74% 3.26 12/29/2020 0.74% 2.38 8/12/2019 0.73% 3.21 11/15/2021 0.73% 5.00 6/15/2021

The coupon rate represents the rates of the underlying Bonds in the portfolio and does not represent the performance of the Fund itself. Holdings are subject to change.

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Sterling Capital Ultra Short Bond Fund Portfolio Holdings, November 30, 2018 (unaudited)

Security Name KOREA HYDRO & NUCLEAR POWER CO., LTD. DISCOVERY COMMUNICATIONS, LLC FORD MOTOR CREDIT CO., LLC SPRINT SPECTRUM CO., LLC CENTENE CORP. TD AMERITRADE HOLDING CORP. SAXON ASSET SECURITIES TRUST, SERIES 200 WHEELS SPV 2 LLC FANNIE MAE REMICS AMERICREDIT AUTOMOBILE RECEIVABLES TRUST AVIS BUDGET RENTAL CAR FUNDING AESOP, LL CENOVUS ENERGY, INC. ASSURANT INC PROTECTIVE LIFE GLOBAL FUNDING MASTR SEASONED SECURITIZATION TRUST, SER FNMA, SERIES 2011-55, CLASS AC BAT CAPITAL CORP. COUNTRYWIDE ASSET-BACKED CERTIFICATES, S ALLY AUTO RECEIVABLES TRUST 2016-2 HUGHES SATELLITE SYSTEMS CORP. DUKE ENERGY FLORIDA, LLC WORLD OMNI AUTO RECEIVABLES TRUST, SERIE SOFI PROFESSIONAL LOAN PROGRAM, LLC, SER AXIS SPECIALTY FINANCE, LLC ENLINK MIDSTREAM PARTNERS L.P. PUBLIC SERVICE ELECTRIC & GAS CO. JP MORGAN MORTGAGE ACQUISITION CORP., SE FREDDIE MAC REMICS FORD CREDIT AUTO OWNER TRUST, SERIES 201 CITICORP RESIDENTIAL MORTGAGE TRUST, SER SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 SANTANDER DRIVE AUTO RECEIVABLES TRUST, JP MORGAN CHASE COMMERCIAL MORTGAGE SECU FORTIVE CORP. ENTERPRISE FLEET FINANCING, LLC, SERIES WF-RBS COMMERCIAL MORTGAGE TRUST, SERIES * % of Total Market Value may not sum to 100.00% due to rounding.

Security ID 50064YAK9 25470DAN9 345397YD9 85208NAA8 15135BAF8 87236YAG3 80556XAE7 96328DAZ7 3136A25F6 03066FAF8 05377RBX1 15135UAD1 04621XAL2 74368CAL8 55265WDB6 31397UFY0 05526DAR6 126673NW8 02007XAE6 444454AB8 26444HAD3 98160YAF2 78470RAA5 05463HAA9 29336UAA5 74456QBG0 46626LEL0 3137A7AS9 34530PAG7 17312HAF6 80284CAF9 80284BAF1 46642CBE9 34959JAE8 29372EBP2 92935VAE8

Ticker 50064YAK9 25470DAN9 345397YD9 85208NAA8 15135BAF8 87236YAG3 80556XAE7 96328DAZ7 3136A25F6 03066FAF8 05377RBX1 15135UAD1 04621XAL2 74368CAL8 55265WDB6 31397UFY0 05526DAR6 126673NW8 02007XAE6 444454AB8 26444HAD3 98160YAF2 78470RAA5 05463HAA9 29336UAA5 74456QBG0 46626LEL0 3137A7AS9 34530PAG7 17312HAF6 80284CAF9 80284BAF1 46642CBE9 34959JAE8 29372EBP2 92935VAE8

Shares or Par 200,000 200,000 200,000 187,500 180,000 175,000 174,618 173,727 170,923 170,000 165,000 159,615 158,000 150,000 150,349 147,758 150,000 140,442 135,000 127,000 125,000 125,000 111,150 100,000 100,000 85,000 82,700 70,981 70,000 59,976 59,513 48,108 47,896 35,000 20,843 7,454

Market Value 198,227 198,209 197,084 185,391 182,376 174,950 173,633 172,257 169,780 166,841 162,709 162,173 157,924 150,038 149,985 147,432 145,900 140,759 134,116 128,746 124,287 123,731 111,655 102,718 99,245 84,419 82,663 71,465 69,876 60,839 59,497 48,065 47,806 34,715 20,834 7,485 $ 27,047,650

% of Total Coupon Rate Maturity or Market Value* (%) Expiration Date 0.73% 2.38 10/28/2019 0.73% 2.20 9/20/2019 0.73% 1.90 8/12/2019 0.69% 3.36 9/20/2021 0.67% 5.63 2/15/2021 0.65% 2.97 11/1/2021 0.64% 2.46 9/25/2036 0.64% 1.88 4/20/2026 0.63% 1.75 7/1/2021 0.62% 2.36 12/19/2022 0.60% 2.50 7/20/2021 0.60% 5.70 10/15/2019 0.58% 3.62 3/26/2021 0.55% 2.91 6/28/2021 0.55% 5.13 10/1/2032 0.55% 3.00 7/1/2025 0.54% 2.30 8/14/2020 0.52% 3.74 3/25/2035 0.50% 2.15 4/15/2021 0.48% 6.50 6/15/2019 0.46% 2.10 12/15/2019 0.46% 2.15 8/15/2022 0.41% 3.17 7/25/2039 0.38% 5.88 6/1/2020 0.37% 2.70 4/1/2019 0.31% 1.80 6/1/2019 0.31% 2.74 12/25/2035 0.26% 4.00 6/1/2040 0.26% 2.16 8/15/2020 0.22% 5.14 6/1/2037 0.22% 2.57 4/15/2021 0.18% 2.44 4/15/2021 0.18% 2.87 7/1/2047 0.13% 1.80 6/15/2019 0.08% 1.83 9/20/2021 0.03% 4.00 3/1/2044 99.99%

The coupon rate represents the rates of the underlying Bonds in the portfolio and does not represent the performance of the Fund itself. Holdings are subject to change.

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