Sterling Capital Ultra Short Bond Fund

---

Sterling Capital Ultra Short Bond Fund Portfolio Holdings, June 30, 2019 (unaudited)

Security Name MARTIN MARIETTA MATERIALS, INC. WHEELS SPV 2, LLC, SERIES 2018-1A, CLASS AVIS BUDGET RENTAL CAR FUNDING AESOP, LL HERTZ FLEET LEASE FUNDING L.P., SERIES 2 CENOVUS ENERGY, INC. SMITHFIELD FOODS, INC. ARI FLEET LEASE TRUST, SERIES 2019-A, CL KINDER MORGAN, INC. (DE) DBUBS MORTGAGE TRUST, SERIES 2011-LC2A, CHESAPEAKE FUNDING II, LLC, SERIES 2017SBA TOWER TRUST GOVERNMENT NATIONAL MORTGAGE ASSOCIATION ENTERPRISE FLEET FINANCING LLC, SERIES 2 AMERICAN TOWER CORP. GALTON FUNDING MORTGAGE TRUST, SERIES 20 PUBLIC SERVICE ENTERPRISE GROUP, INC. CITIZENS BANK NA/PROVIDENCE RI WEA FINANCE LLC / WESTFIELD UK & EUROPE CAPITAL AUTO RECEIVABLES ASSET TRUST, SE ISTAR ,INC. L3 TECHNOLOGIES, INC. PARK AEROSPACE HOLDINGS, LTD. FEDERATED TREASURY OBLIGATIONS FUND CITIGROUP, INC. FMC CORP. NORDEA BANK ABP VERIZON COMMUNICATIONS INC EXELON GENERATION CO., LLC GOLDMAN SACHS GROUP, INC. (THE) COUNTRYWIDE ASSET-BACKED CERTIFICATES SVENSKA HANDELSBANKEN AB MANUFACTURERS & TRADERS TRUST CO. ANHEUSER-BUSCH INBEV FINANCE, INC. INVISTA FINANCE LLC NEW CENTURY HOME EQUITY LOAN TRUST, SERI CENTURYLINK INC CARMAX AUTO OWNER TRUST 2015-3 SPECTRA ENERGY PARTNERS L.P. FIFTH THIRD AUTO TRUST, SERIES 2017-1, C AVALONBAY COMMUNITIES, INC. ENBRIDGE, INC. GENERAL DYNAMICS CORP BAT CAPITAL CORP. AVIS BUDGET RENTAL CAR FUNDING AESOP, LL KKR GROUP FINANCE CO LLC TAKEDA PHARMACEUTICAL CO., LTD. PENNSYLVANIA ELECTRIC CO. CARNIVAL CORP. DNB BANK ASA SUMITOMO MITSUI BANKING CORP DBS GROUP HOLDINGS, LTD. COMPASS BANK SANTANDER DRIVE AUTO RECEIVABLES TRUST, UNITEDHEALTH GROUP INC MUFG BANK LTD VULCAN MATERIALS CO EXPEDIA GROUP, INC. CVS HEALTH CORP VMWARE INC TELEFONICA EMISIONES SAU MARSH & MCLENNAN COS, INC. TORONTO-DOMINION BANK (THE) BP CAPITAL MARKETS PLC SL GREEN OPERATING PARTNERSHIP LP BARCLAYS BANK PLC ASSOCIATED BANC-CORP. ING BANK NV TYSON FOODS INC SEMPRA ENERGY BANK OF AMERICA CORP ERAC USA FINANCE LLC DOMINION ENERGY, INC. SHERWIN-WILLIAMS CO. (THE) WILLIAMS PARTNERS L.P. FORD CREDIT AUTO OWNER TRUST, SERIES 20 INTERPUBLIC GROUP OF COS., INC (THE)

Security ID 573284AS5 96328DBF0 05377RCD4 428041BK2 15135UAD1 832248AX6 04033JAB7 49456BAE1 23305XAD3 165183BB9 78403DAG5 38376GD64 29372EBQ0 03027XAF7 36418WAU3 744573AJ5 17401QAJ0 92890HAB8 13975WAE3 45031UBY6 502413BA4 70014LAD2 60934N500 172967KL4 302491AQ8 65557CAV5 92343VDZ4 30161MAP8 38148FAB5 126670VZ8 86960BAS1 55279HAG5 035242AJ5 46186RAA7 64352VLL3 156700AN6 14313VAE4 84756NAJ8 31679RAD7 05348EBD0 29250NAP0 369550BB3 05526DAR6 05377RBX1 48248NAA8 874060AK2 708696BW8 143658BA9 23329PAB6 865622CK8 24023KAD0 20451PKN5 80285HAE0 91324PDG4 064255BP6 929160AX7 30212PAH8 126650DD9 928563AA3 87938WAM5 571748BE1 89114QC22 05565QCT3 78444FAG1 06744CFY2 045487AA3 449786BD3 902494AW3 816851BC2 06051GFN4 26884TAM4 25746UCT4 824348AT3 96950FAD6 34531PAE1 460690BM1

Ticker 573284AS5 96328DBF0 05377RCD4 428041BK2 15135UAD1 832248AX6 04033JAB7 49456BAE1 23305XAD3 165183BB9 78403DAG5 38376GD64 29372EBQ0 03027XAF7 36418WAU3 744573AJ5 17401QAJ0 92890HAB8 13975WAE3 45031UBY6 502413BA4 70014LAD2 TOIXX 172967KL4 302491AQ8 65557CAV5 92343VDZ4 30161MAP8 38148FAB5 126670VZ8 86960BAS1 55279HAG5 035242AJ5 46186RAA7 64352VLL3 156700AN6 14313VAE4 84756NAJ8 31679RAD7 05348EBD0 29250NAP0 369550BB3 05526DAR6 05377RBX1 48248NAA8 874060AK2 708696BW8 143658BA9 23329PAB6 865622CK8 24023KAD0 20451PKN5 80285HAE0 91324PDG4 064255BP6 929160AX7 30212PAH8 126650DD9 928563AA3 87938WAM5 571748BE1 89114QC22 05565QCT3 78444FAG1 06744CFY2 045487AA3 449786BD3 902494AW3 816851BC2 06051GFN4 26884TAM4 25746UCT4 824348AT3 96950FAD6 34531PAE1 460690BM1

Shares or Par 537,000 455,138 450,000 450,000 438,462 436,000 425,000 420,000 399,642 401,606 400,000 394,130 388,944 385,000 374,943 381,000 380,000 360,000 355,000 339,000 325,000 325,000 321,322 306,000 306,000 310,000 306,000 306,000 306,000 302,808 300,000 300,000 298,000 291,000 289,861 287,000 285,000 275,000 274,942 271,000 269,000 267,000 267,000 265,000 248,000 250,000 250,000 247,000 250,000 250,000 250,000 250,000 245,000 247,000 247,000 240,000 229,000 235,000 235,000 228,000 228,000 228,000 228,000 228,000 228,000 228,000 228,000 228,000 228,000 228,000 228,000 228,000 228,000 219,000 216,193 209,000

Market Value $ 536,992 457,598 454,783 452,966 441,850 435,094 425,733 420,757 413,098 400,416 399,995 397,100 388,749 385,878 384,779 379,580 379,350 359,983 356,189 344,933 335,825 327,860 321,322 310,959 309,332 309,268 307,164 306,341 306,113 302,207 300,635 299,976 299,553 292,660 290,686 288,292 284,742 275,800 274,283 271,027 269,731 267,610 266,445 265,239 259,565 254,536 254,378 251,976 250,390 250,332 250,148 249,978 249,016 247,116 246,821 240,182 237,248 236,036 234,368 232,660 231,803 228,429 228,322 228,083 228,059 228,053 228,045 228,038 228,005 227,962 227,730 227,672 227,589 223,046 215,687 211,663

% of Total Coupon Rate Maturity or Market Value* (%) Expiration Date 1.63% 2.89 12/20/2019 1.39% 3.06 4/20/2027 1.38% 2.99 6/20/2022 1.37% 2.70 1/10/2033 1.34% 5.70 10/15/2019 1.32% 2.70 1/31/2020 1.29% 2.41 11/15/2027 1.28% 3.05 12/1/2019 1.25% 4.54 7/1/2044 1.22% 2.12 11/15/2029 1.21% 2.90 10/15/2019 1.21% 3.58 11/1/2040 1.18% 2.08 9/20/2021 1.17% 2.80 6/1/2020 1.17% 4.50 2/1/2059 1.15% 1.60 11/15/2019 1.15% 2.20 5/26/2020 1.09% 2.70 9/17/2019 1.08% 2.43 5/20/2022 1.05% 6.50 7/1/2021 1.02% 4.95 2/15/2021 1.00% 3.63 3/15/2021 0.98% 0.94% 3.71 3/30/2021 0.94% 5.20 12/15/2019 0.94% 1.63 9/30/2019 0.93% 3.07 5/22/2020 0.93% 2.95 1/15/2020 0.93% 2.55 10/23/2019 0.92% 2.69 6/25/2036 0.91% 2.81 9/8/2020 0.91% 2.25 7/25/2019 0.91% 2.65 2/1/2021 0.89% 4.25 10/15/2019 0.88% 3.17 7/25/2035 0.87% 6.15 9/15/2019 0.86% 2.28 4/15/2021 0.84% 3.18 6/5/2020 0.83% 1.80 2/15/2022 0.82% 3.03 1/15/2021 0.82% 3.11 6/15/2020 0.81% 2.83 5/11/2020 0.81% 2.30 8/14/2020 0.81% 2.50 7/20/2021 0.79% 6.38 9/29/2020 0.77% 3.80 11/26/2020 0.77% 5.20 4/1/2020 0.76% 3.95 10/15/2020 0.76% 2.97 10/2/2020 0.76% 2.94 1/17/2020 0.76% 2.94 6/8/2020 0.76% 2.75 9/29/2019 0.76% 3.21 9/15/2023 0.75% 2.67 6/15/2021 0.75% 2.30 3/5/2020 0.73% 3.17 3/1/2021 0.72% 5.95 8/15/2020 0.72% 3.17 3/9/2021 0.71% 2.30 8/21/2020 0.71% 5.13 4/27/2020 0.70% 3.50 12/29/2020 0.69% 2.73 6/11/2020 0.69% 2.52 1/15/2020 0.69% 3.50 8/16/2021 0.69% 3.12 8/7/2019 0.69% 2.75 11/15/2019 0.69% 2.50 10/1/2019 0.69% 2.65 8/15/2019 0.69% 2.85 7/15/2019 0.69% 2.25 4/21/2020 0.69% 2.35 10/15/2019 0.69% 2.58 7/1/2020 0.69% 2.25 5/15/2020 0.68% 5.25 3/15/2020 0.65% 1.60 6/15/2021 0.64% 3.50 10/1/2020

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.

1 of 2

Sterling Capital Ultra Short Bond Fund Portfolio Holdings, June 30, 2019 (unaudited)

Security Name BANK OF NOVA SCOTIA/THE SUNTRUST BANK/ATLANTA GA GEORGIA-PACIFIC, LLC GMRF MORTGAGE ACQUISITION CO., LLC, SERI KOREA HYDRO & NUCLEAR POWER CO., LTD. FORD MOTOR CREDIT CO., LLC BECTON DICKINSON AND CO HARRIS CORP. ANDEAVOR LOGISTICS L.P. / TESORO LOGISTI BANK OF MONTREAL CANADIAN IMPERIAL BANK OF COMMERCE HYUNDAI CAPITAL AMERICA PHILLIPS 66 FEDERATION DES CAISSES DESJARDINS DU QUE ABBVIE, INC. CATERPILLAR FINANCIAL SERVICES CORP. SCENTRE GROUP TRUST 1/2 EMD FINANCE, LLC NISSAN MOTOR ACCEPTANCE CORP. STARWOOD PROPERTY TRUST, INC. AMERICREDIT AUTOMOBILE RECEIVABLES TRUST AMERICREDIT AUTOMOBILE RECEIVABLES TRUST DOLLAR TREE, INC. SANTANDER DRIVE AUTO RECEIVABLES TRUST, SUNOCO LOGISTICS PARTNERS OPERATIONS L.P CHESAPEAKE FUNDING II, LLC MISSISSIPPI POWER CO MACQUARIE BANK, LTD. ALEXANDRIA REAL ESTATE EQUITIES INC ALLY AUTO RECEIVABLES TRUST, SERIES 2016 DOWDUPONT, INC. JPMORGAN CHASE & CO. PROTECTIVE LIFE GLOBAL FUNDING ACTAVIS FUNDING SCS ALLY FINANCIAL, INC. JACKSON NATIONAL LIFE GLOBAL FUNDING KEYSIGHT TECHNOLOGIES INC LOWE'S COS, INC. CONSTELLATION BRANDS, INC. EXPORT-IMPORT BANK OF KOREA TEXTRON, INC. DISCOVERY COMMUNICATIONS, LLC COMMSCOPE, INC. DAIMLER FINANCE NORTH AMERICA, LLC COMM MORTGAGE TRUST, SERIES 2015-CR22, C SPRINT SPECTRUM CO., LLC CENTENE CORP. ALLY AUTO RECEIVABLES TRUST 2016-2 TD AMERITRADE HOLDING CORP. CONAGRA BRANDS, INC. SAXON ASSET SECURITIES TRUST, SERIES 200 WORLD OMNI AUTO RECEIVABLES TRUST, SERIE ASSURANT INC UNITED TECHNOLOGIES CORP. COUNTRYWIDE ASSET-BACKED CERTIFICATES, S CAPITAL ONE NA WHEELS SPV 2 LLC CAPITAL AUTO RECEIVABLES ASSET TRUST, SE MASTR SEASONED SECURITIZATION TRUST, SER AMERICAN HONDA FINANCE CORP. AXIS SPECIALTY FINANCE, LLC SOFI PROFESSIONAL LOAN PROGRAM, LLC, SER DR HORTON, INC. RANGE RESOURCES CORP FNMA, SERIES 2011-55, CLASS AC RELIANCE STANDARD LIFE GLOBAL FUNDING II DUKE ENERGY FLORIDA, LLC FREDDIE MAC REMICS CITICORP RESIDENTIAL MORTGAGE TRUST, SER JP MORGAN MORTGAGE ACQUISITION CORP., SE FANNIE MAE REMICS JP MORGAN CHASE COMMERCIAL MORTGAGE SECU WF-RBS COMMERCIAL MORTGAGE TRUST, SERIES AMERICREDIT AUTOMOBILE RECEIVABLES TRUST * % of Total Market Value may not sum to 100.00% due to rounding.

Security ID 064159LH7 86787EAS6 37331NAF8 36418GAU8 50064YAK9 345397YD9 075887CF4 413875AQ8 88160QAK9 06367TPY0 136069XZ9 44891AAV9 718546AP9 31429KAB9 00287YAT6 14913Q2H1 806213AA2 26867LAE0 654740BG3 85571BAP0 03065HAE8 03066FAF8 256746AE8 80285FAD6 86765BAR0 165183AL8 605417CA0 55608XAA5 015271AF6 02007XAD8 26078JAG5 46625HLW8 74368CAL8 00507UAP6 02005NAW0 46849LTD3 49338LAD5 548661DB0 21036PBA5 302154BM0 883203BZ3 25470DAN9 203372AL1 233851AR5 12592XAZ9 85208NAA8 15135BAF8 02007XAE6 87236YAG3 205887BX9 80556XAE7 98160YAF2 04621XAL2 913017CK3 126673NW8 14042RFH9 96328DAZ7 13975WAC7 55265WDB6 02665WBN0 05463HAA9 78470RAA5 23331ABK4 75281AAW9 31397UFY0 75951AAE8 26444HAD3 3137A7AS9 17312HAF6 46626LEL0 3136A25F6 46642CBE9 92935VAE8 03065KAF8

Ticker 064159LH7 86787EAS6 37331NAF8 36418GAU8 50064YAK9 345397YD9 075887CF4 413875AQ8 88160QAK9 06367TPY0 136069XZ9 44891AAV9 718546AP9 31429KAB9 00287YAT6 14913Q2H1 806213AA2 26867LAE0 654740BG3 85571BAP0 03065HAE8 03066FAF8 256746AE8 80285FAD6 86765BAR0 165183AL8 605417CA0 55608XAA5 015271AF6 02007XAD8 26078JAG5 46625HLW8 74368CAL8 00507UAP6 02005NAW0 46849LTD3 49338LAD5 548661DB0 21036PBA5 302154BM0 883203BZ3 25470DAN9 203372AL1 233851AR5 12592XAZ9 85208NAA8 15135BAF8 02007XAE6 87236YAG3 205887BX9 80556XAE7 98160YAF2 04621XAL2 913017CK3 126673NW8 14042RFH9 96328DAZ7 13975WAC7 55265WDB6 02665WBN0 05463HAA9 78470RAA5 23331ABK4 75281AAW9 31397UFY0 75951AAE8 26444HAD3 3137A7AS9 17312HAF6 46626LEL0 3136A25F6 46642CBE9 92935VAE8 03065KAF8

Shares or Par 210,000 208,000 203,000 196,309 200,000 200,000 198,000 193,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 184,000 181,000 170,000 170,000 169,803 162,000 163,218 162,000 150,000 154,000 152,283 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 142,000 141,451 140,625 134,000 135,000 130,000 130,000 126,207 125,000 117,000 111,000 108,324 100,000 93,247 90,878 89,578 84,000 71,000 72,703 71,000 67,000 62,816 58,000 50,000 42,317 39,599 29,671 27,324 5,170 4,697 1,079

Market Value 210,887 208,372 203,011 201,174 199,925 199,809 198,029 193,198 189,879 189,467 189,285 189,193 189,081 189,041 188,982 188,939 188,859 188,835 188,502 183,540 180,905 170,177 170,020 169,833 166,742 162,824 162,040 160,168 154,064 152,032 150,968 150,594 150,530 150,440 150,300 150,281 150,167 150,117 150,075 149,981 149,939 149,789 149,625 141,940 141,451 140,662 136,513 134,871 130,211 130,021 125,553 124,839 117,008 111,120 108,741 99,951 92,997 90,699 88,951 84,156 73,199 72,656 71,502 67,670 62,737 58,488 49,917 42,654 40,265 29,676 27,275 5,164 4,721 1,079 $ 32,948,132

% of Total Coupon Rate Maturity or Market Value* (%) Expiration Date 0.64% 3.03 4/20/2021 0.63% 3.11 1/31/2020 0.62% 2.54 11/15/2019 0.61% 4.50 10/1/2058 0.61% 2.38 10/28/2019 0.61% 1.90 8/12/2019 0.60% 3.19 12/29/2020 0.59% 2.70 4/27/2020 0.58% 5.50 10/15/2019 0.58% 3.04 12/12/2019 0.57% 2.89 2/2/2021 0.57% 3.53 7/8/2021 0.57% 3.35 4/15/2020 0.57% 2.25 10/30/2020 0.57% 2.50 5/14/2020 0.57% 2.64 3/15/2021 0.57% 2.38 11/5/2019 0.57% 2.40 3/19/2020 0.57% 2.93 3/15/2021 0.56% 3.63 2/1/2021 0.55% 2.24 6/19/2023 0.52% 2.36 12/19/2022 0.52% 3.29 4/17/2020 0.52% 2.75 9/15/2021 0.51% 4.40 4/1/2021 0.49% 1.99 5/15/2029 0.49% 2.96 3/27/2020 0.49% 6.63 4/7/2021 0.47% 2.75 1/15/2020 0.46% 1.60 1/15/2021 0.46% 3.23 11/15/2020 0.46% 2.75 6/23/2020 0.46% 2.85 6/28/2021 0.46% 3.00 3/12/2020 0.46% 3.75 11/18/2019 0.46% 2.90 10/15/2020 0.46% 3.30 10/30/2019 0.46% 2.87 9/10/2019 0.46% 3.22 11/15/2021 0.46% 2.38 8/12/2019 0.46% 3.10 11/10/2020 0.45% 2.20 9/20/2019 0.45% 5.00 6/15/2021 0.43% 2.25 7/31/2019 0.43% 2.86 3/1/2048 0.43% 3.36 9/20/2021 0.41% 5.63 2/15/2021 0.41% 2.15 4/15/2021 0.40% 3.01 11/1/2021 0.39% 3.34 10/22/2020 0.38% 2.55 9/25/2036 0.38% 2.15 8/15/2022 0.36% 3.58 3/26/2021 0.34% 2.93 11/1/2019 0.33% 3.83 3/25/2035 0.30% 2.35 1/31/2020 0.28% 1.88 4/20/2026 0.28% 2.02 8/20/2021 0.27% 5.13 10/1/2032 0.26% 2.87 2/14/2020 0.22% 5.88 6/1/2020 0.22% 3.25 7/25/2039 0.22% 4.00 2/15/2020 0.21% 5.75 6/1/2021 0.19% 3.00 7/1/2025 0.18% 3.05 1/20/2021 0.15% 2.10 12/15/2019 0.13% 4.00 6/1/2040 0.12% 5.02 6/1/2037 0.09% 2.83 12/25/2035 0.08% 1.75 7/1/2021 0.02% 2.87 7/1/2047 0.01% 4.00 3/1/2044 0.00% 2.51 1/8/2021 100.02%

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.

2 of 2