# EDGAR Filing Document

**Accession Number:** 0000889284
**File Stem:** 0001752724-23-046757
**Filing Date:** 2023-2
**Character Count:** 33797
**Document Hash:** 63fcfcf978027d756c35d000c054f931
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046757.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046757

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STERLING CAPITAL FUNDS
- **CENTRAL INDEX KEY:** 0000889284
- **IRS NUMBER:** 043331055
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06719
- **FILM NUMBER:** 23683010

**BUSINESS ADDRESS:**
- **STREET 1:** 3605 GLENWOOD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27612
- **BUSINESS PHONE:** 8002281872

**MAIL ADDRESS:**
- **STREET 1:** 3605 GLENWOOD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27612

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T FUNDS /
- **DATE OF NAME CHANGE:** 20010419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T MUTUAL FUNDS GROUP
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### STERLING CAPITAL SOUTH CAROLINA INTERMEDIATE TAX-FREE FUND (Series ID: S000003545)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000009851 | INSTITUTIONAL CLASS | BSCIX           |
| C000009852 | A CLASS             | BASCX           |
| C000112496 | C Shares            | BSCCX           |

## Nport-Ex

Sterling

Capital

South

Carolina

Intermediate

Tax-Free

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

See

accompanying

Notes

to

the

Schedule

of

Portfolio

Investments.

Principal

Amount

Fair

Value

MUNICIPAL

BONDS

—

94.0%

South

Carolina

—

94.0%

$

1,000,000

Aiken

County,

SC,

Consolidated

School

District,

School

Improvements

G.O.,

Series

A,

Callable

4/1/29

@

(SCSDE),

4.000%,

4/1/34

..........

$

1,045,470

1,000,000

Aiken

County,

SC,

Consolidated

School

District,

Special

Obligation

Bonds,

School

Improvements

Revenue,

Callable

6/1/29

@

100,

4.000%,

6/1/31

.......

1,053,350

750,000

Aiken

County,

SC,

Consolidated

School

District,

Special

Obligation

Bonds,

School

Improvements

Revenue,

Callable

6/1/29

@

100,

4.000%,

6/1/33

.......

785,408

1,000,000

Beaufort-Jasper

Water

&

Sewer

Authority,

Advance

Refunding

Revenue,

Series

B,

5.000%,

3/1/25

..................

1,049,570

1,000,000

Charleston

Public

Facilities

Corp.,

Charleston

City

Project

Series,

Parking

Facilities

Improvement

Revenue,

Callable

9/1/27

@

100,

5.000%,

9/1/29

.

1,101,330

1,000,000

College

of

Charleston,

University

&

College

Improvements

Revenue,

Series

B,

5.000%,

4/1/27

................

1,087,050

1,000,000

Columbia,

SC,

Waterworks

&

Sewer

System

Revenue,

Water

&

Sewer

Utility

Improvements

Revenue,

Callable

2/1/28

@

100,

5.000%,

2/1/48

............

1,112,750

1,000,000

Columbia,

SC,

Waterworks

&

Sewer

System

Revenue,

Water

&

Sewer

Utility

Improvements

Revenue,

Callable

2/1/33

@

100,

5.250%,

2/1/52

............

1,108,540

1,100,000

Florence

County,

SC,

McLeod

Regional

Medical

Center

Project,

Refunding

Revenue,

Callable

11/1/24

@

100,

5.000%,

11/1/33(a)

...............

1,135,134

1,000,000

Georgetown

County,

SC,

School

District,

School

Improvements,

G.O.,

Callable

3/1/28

@

(SCSDE),

4.000%,

3/1/30

1,056,500

1,415,000

Greenville

Health

System,

Hospital

System

Board,

Series

B,

Callable

5/1/24

@

100,

5.000%,

5/1/31

..................

1,437,343

1,000,000

Lancaster

Educational

Assistance

Program,

Inc.,

SC,

Lancaster

County

School

District

Refunding

Revenue,

Callable

12/1/23

@

100,

5.000%,

12/1/24

.....

1,018,780

1,345,000

Lexington

County,

School

District

No.

2,

G.O.,

Series

C,

Callable

3/1/27

@

(SCSDE),

5.000%,

3/1/30

..........

1,467,247

1,085,000

Lugoff-Elgin

Water

Authority,

Refunding

Revenue,

Series

B,

Callable

7/1/26

@

100,

5.000%,

7/1/30

..............

1,161,004

1,485,000

Orangeburg

County,

SC,

Correctional

Facilities

Improvements,

Installment

Purchase

Revenue

Bonds,

Callable

12/1/27

@

100,

5.000%,

12/1/29(a)

...

1,617,922

Principal

Amount

Fair

Value

MUNICIPAL

BONDS

—

(continued)

South

Carolina

—

(continued)

$

1,270,000

Richland

County,

SC,

Public

Facilities

G.O.,

5.000%,

3/1/28

..............

$

1,419,250

1,160,000

Richland

County,

SC,

Public

Facilities

G.O.,

5.000%,

3/1/30

..............

1,343,616

1,000,000

Richland

County,

SC,

School

District

No.

2,

Refunding

Bonds,

G.O.,

Series

B,

Callable

3/1/27

@

(SCSDE),

4.000%,

3/1/29

..................

1,048,080

1,000,000

SCAGO

Educational

Facilities

Corp.

for

Cherokee

School

District

No.

1,

Refunding

Revenue,

5.000%,

12/1/24

..

1,037,990

625,000

SCAGO

Educational

Facilities

Corp.

for

Spartanburg

School

District

No.

1,

Refunding

Revenue,

Series

B,

5.000%,

6/1/25

........................

652,444

600,000

SCAGO

Educational

Facilities

Corp.

for

Sumter

County

School

17,

Refunding

Revenue,

5.000%,

12/1/24

..........

621,660

490,000

SCAGO

Educational

Facilities

Corp.

for

Sumter

County

School

17,

Refunding

Revenue,

5.000%,

12/1/25

..........

516,999

850,000

South

Carolina

Jobs-Economic

Development

Authority,

AnMed

Health

Project,

Advance

Refunding

Revenue

Bonds,

Callable

2/1/26

@

100,

5.000%,

2/1/29

........................

887,681

1,540,000

South

Carolina

Jobs-Economic

Development

Authority,

Wofford

College

Project,

University

&

College

Improvements

Revenue,

Callable

4/1/29

@

100,

5.000%,

4/1/44

............

1,586,677

1,000,000

South

Carolina

Jobs-Economic

Development

Authority,

Wofford

College

Project,

University

&

College

Improvements

Revenue,

Callable

4/1/29

@

100,

5.000%,

4/1/49

............

1,024,870

1,520,000

South

Carolina

State

Housing

Finance

&

Development

Authority,

Refunding

Revenue,

Series

A,

5.000%,

7/1/30(a)

..

1,698,114

1,000,000

South

Carolina

Transportation

Infrastructure

Bank,

Advance

Refunding

Revenue,

Series

A,

Callable

10/1/27

@

(AGM-CR),

5.000%,

10/1/38

.....

1,061,410

1,000,000

Spartanburg,

SC,

Water

System

Revenue,

Water

Utility

Improvements

Refunding

Revenue,

Series

B,

Callable

6/1/27

@

100,

5.000%,

6/1/39

..............

1,055,470

1,000,000

Spartanburg

County

School

District

No.

4,

SC,

School

Improvements

G.O.,

Series

A,

Callable

3/1/32

@

(SCSDE),

5.000%,

3/1/40

..................

1,108,710

Sterling

Capital

South

Carolina

Intermediate

Tax-Free

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

MUNICIPAL

BONDS

—

(continued)

South

Carolina

—

(continued)

$

1,195,000

State

of

South

Carolina,

University

&

College

Improvements,

G.O.,

Series

B,

Callable

10/1/27

@

(State

Aid

Withholding),

5.000%,

4/1/30

.......

$

1,325,757

1,150,000

Town

of

Mount

Pleasant,

SC,

Public

Facilities,

G.O.,

Callable

6/1/28

@

100,

5.000%,

6/1/30

..................

1,290,473

Total

Municipal

Bonds

(Cost

$35,750,663)

...............

34,916,599

Shares

MONEY

MARKET

FUND

—

3.2%

1,199,452

Federated

Treasury

Obligations

Fund,

Institutional

Shares,

4.14%(b)

.......

1,199,452

Total

Money

Market

Fund

(Cost

$1,199,452)

................

1,199,452

Total

Investments

—

97.2%

(Cost

$36,950,115)

............................

36,116,051

Net

Other

Assets

(Liabilities)

—

2.8%

...............

1,057,975

NET

ASSETS

—

100.0%

.......................

$

37,174,026

(a) All

or

a

portion

of

the

securities

are

held

in

a

separate

collateral

account

at

US

Bank.

(b) Represents

the

current

yield

as

of

report

date.

AGM

Assured

Guaranty

Municipal

Corp.

G.O.

General

Obligation

SCAGO

South

Carolina

Association

of

Governmental

Organizations

SCSDE

South

Carolina

School

District

Enhancement

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

South

Carolina

Intermediate

Tax-Free

Fund

December

31,

2022

(Unaudited)

1. Organization:

Sterling

Capital

Funds

(the

"Trust")

commenced

operations

on

October

5,

1992

and

is

registered

under

the

Investment

Company

Act

of

1940,

as

amended

("the

1940

Act"),

as

an

open-end

investment

company

established

as

a

Massachusetts

business

trust.

The

Trust

offers

shares

of

Sterling

Capital

South

Carolina

Intermediate

Tax-Free

Fund

(referred

to

as

a

"Fund").

The

Fund

is

a

"non-diversified"

fund,

as

defined

in

the

1940

Act,

which

means

it

may

invest

in

the

securities

of

a

limited

number

of

issuers.

2. Significant

Accounting

Policies:

The

Fund

is

an

investment

company

and

accordingly

follows

the

investment

company

accounting

and

reporting

guidance

of

the

Financial

Accounting

Standards

Board

("FASB")

Accounting

Standard

Codification

Topic

946

Financial

Services-

Investment

Companies.

The

following

is

a

summary

of

significant

accounting

policies

followed

by

the

Fund.

The

policies

are

in

conformity

with

United

States

generally

accepted

accounting

principles

("U.S.

GAAP").

The

preparation

of

this

schedule

requires

management

to

make

estimates

and

assumptions

that

affect

the

reported

amounts

of

assets

and

liabilities

and

disclosure

of

contingent

assets

and

liabilities

at

the

date

of

the

schedule

and

the

reported

amount

of

income

and

expense

for

the

reporting

period.

Actual

result

could

differ

from

those

estimates.

Securities

Valuation

—

Investments

of

the

Fund

in

securities

traded

on

a

national

securities

exchange

or

in

the

over-the-

counter

market

are

valued

at

the

closing

price

on

the

principal

exchange

or

market

(including

the

NASDAQ

Closing

Price

for

securities

traded

on

NASDAQ),

typically

4:00

PM

ET

or,

absent

such

a

price,

by

reference

to

the

latest

available

bid

prices

in

the

principal

market

in

which

such

securities

are

normally

traded.

The

Fund

may

also

use

an

independent

pricing

service

approved

by

the

Board

of

Trustees

(the

"Board")

to

value

certain

securities,

including

the

use

of

electronic

and

matrix

techniques.

Investments

in

open-end

investment

companies

are

valued

at

their

respective

net

asset

values

as

reported

by

such

companies.

Investments

in

closed-end

investment

companies

and

exchange-traded

funds

are

valued

at

their

market

values

based

upon

the

latest

available

sale

price

or,

absent

such

a

price,

by

reference

to

the

latest

available

bid

prices

in

the

principal

market

in

which

such

securities

are

normally

traded.

The

differences

between

cost

and

fair

value

of

investments

are

reflected

as

either

unrealized

appreciation

or

depreciation.

Securities

for

which

market

quotations

are

not

readily

available

or

deemed

unreliable

(e.g.,

an

approved

pricing

service

does

not

provide

a

price,

a

furnished

price

is

in

error,

certain

stale

prices,

or

an

event

occurs

that

materially

affects

the

furnished

price)

will

be

fair

valued

in

accordance

with

procedures

established

in

good

faith

under

the

general

supervision

of

the

Board.

Fair

Value

Measurements

—

The

objective

of

a

fair

value

measurement

is

to

determine

the

price

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date

(an

exit

price).

Accordingly,

the

fair

value

hierarchy

gives

the

highest

priority

to

quoted

prices

(unadjusted)

in

active

markets

for

identical

assets

or

liabilities

(Level

1)

and

the

lowest

priority

to

unobservable

inputs

(Level

3).

The

three

levels

of

the

fair

value

hierarchy

are

described

as

follows:

Level

–

quoted

prices

in

active

markets

for

identical

securities

Level

–

based

on

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risk,

etc.)

Level

–

based

on

significant

unobservable

inputs

(including

a

Fund's

own

assumptions

in

determining

the

fair

value

of

investments)

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

During

the

period

ended

December

31,

2022

,

there

were

no

significant

changes

to

the

valuation

policies

and

procedures.

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

South

Carolina

Intermediate

Tax-Free

Fund

—

(continued)

December

31,

2022

(Unaudited)

The

summary

of

inputs

used

to

determine

the

fair

value

of

the

Fund's

investments

as

of

December

31,

2022

is

as

follows:

Cash

and

Cash

Equivalents

—

The

Fund

considers

liquid

assets

deposited

with

a

bank,

and

certain

short

term

debt

instruments

with

original

maturities

of

three

months

or

less

to

be

cash

equivalents.

These

investments

represent

amounts

held

with

financial

institutions

that

are

readily

accessible

to

pay

Fund

expenses

or

investments.

The

Fund

may

invest

its

excess

cash

in

the

Federated

Treasury

Obligations

Fund

or

a

similar

money

market

fund

or

other

short-term

investment.

Credit

Enhancements

—

Certain

obligations

held

in

the

Fund

have

credit

enhancement

or

liquidity

features

that

may,

under

certain

circumstances,

provide

for

repayment

of

principal

and

interest

on

the

obligation

upon

demand

date,

interest

rate

reset

date

or

final

maturity.

These

enhancements

may

include:

letters

of

credit;

liquidity

guarantees;

security

purchase

agreements;

tender

option

purchase

agreements;

and

third

party

insurance

(i.e.,

AMBAC).

Mortgage

Dollar

Rolls

—

The

Fund

may

sell

mortgage-backed

securities

for

delivery

in

the

current

month

and

simultaneously

contract

to

repurchase

substantially

similar

(same

type,

coupon

and

maturity)

securities

on

a

specific

future

date

at

an

agreed-upon

price.

The

market

value

of

the

securities

that

a

Fund

is

required

to

purchase

may

decline

below

the

agreed

upon

repurchase

price

of

those

securities.

Pools

of

mortgages

collateralizing

those

securities

may

have

different

prepayment

histories

than

those

sold.

During

the

period

between

the

sale

and

repurchase,

a

Fund

will

not

be

entitled

to

receive

interest

and

principal

payments

on

the

securities

sold.

Proceeds

of

the

sale

will

be

invested

in

additional

instruments

for

a

Fund,

and

the

income

from

these

investments

will

generate

income

for

a

Fund.

If

such

income

does

not

exceed

the

income,

capital

appreciation

and

gain

or

loss

that

would

have

been

realized

on

the

securities

sold

as

part

of

the

dollar

roll,

the

use

of

this

technique

will

diminish

the

investment

performance

of

a

Fund

compared

with

what

the

performance

would

have

been

without

the

use

of

dollar

rolls.

The

Fund

accounts

for

mortgage

dollar

roll

transactions

as

purchases

and

sales.

The

Fund

does

not

hold

any

mortgage

dollar

rolls

during

the

period.

When-Issued

—

The

Fund

may

purchase

securities

on

a

"when-issued"

basis.

The

Fund

records

when-issued

securities

on

the

trade

date

and

pledge

assets

with

a

value

at

least

equal

to

the

purchase

commitment

for

payment

of

the

securities

purchased.

The

value

of

the

securities

underlying

when-issued

to

purchase

securities,

and

any

subsequent

fluctuation

in

their

value,

is

taken

into

account

when

determining

the

net

asset

value

of

the

Fund

commencing

with

the

date

the

Fund

agrees

to

purchase

the

securities.

The

Fund

does

not

accrue

interest

or

dividends

on

"when-issued"

securities

until

the

underlying

securities

are

received.

3. Concentration

of

Credit

Risk:

The

Fund

invests

primarily

in

debt

instruments

of

municipal

issuers

in

their

respective

states.

The

issuers'

abilities

to

meet

their

obligations

may

be

affected

by

economic

developments

in

a

specific

state

or

region.

Level

1-

Quoted

Prices

Level

2-

Other

Significant

Observable

Inputs

Level

3-

Significant

Unobservable

Inputs

Total

Assets:

Investments

in

Securities

Sterling

Capital

South

Carolina

Intermediate

Tax-Free

Fund

.

$

1,199,452(a)

$

34,916,599(b)

$

—

$

36,116,051

(a) Represents

money

market

funds

and/or

certain

preferred

stocks.

(b) Industries,

countries

or

security

types

are

disclosed

in

the

Schedule

of

Portfolio

Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Sterling Capital Funds

- **b. Investment Company Act file number:** 811-06719

- **c. CIK number of Registrant:** 0000889284

- **d. LEI of Registrant:** 54930017VPAACVI5ZX74

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 3605 Glenwood Avenue

  - **City:** Raleigh

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27612

  - **Telephone number:** 800-228-1872

**Item A.2. Information about the Series.**

- **a. Name of Series:** Sterling Capital South Carolina Intermediate Tax-Free Fund

- **b. EDGAR series identifier (if any):** S000003545

- **c. LEI of Series:** 549300K27C4VU3PLU623

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $36524725.23

**Total Liabilities:** $115489.38

**Net Assets:** $36409235.85

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 11.34761000 | **1-Year:** 2189.32950000 | **5-Year:** 8767.94562000 | **10-Year:** 6745.01541000 | **30-Year:** 569.25905000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009852 | -0.34%               | 2.99%                | 0.34%                |
| Class ID C000112496 | -0.50%               | 3.03%                | 0.18%                |
| Class ID C000009851 | -0.32%               | 3.03%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-38867.83               | $-158524.23                                |
| Month 2  | $-14770.63               | $1120658.35                                |
| Month 3  | $-71056.45               | $128049.59                                 |

### Schedule of Portfolio Investments

| Name                                       | Title                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SOUTH CAROLINA ST JOBS-ECON DE             | South Carolina Jobs-Economic Development Authority                     | CUSIP: 837031YQ0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024870.00   | 2.81%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO SC EDUCTNL FACS CORP FOR             | Scago Educational Facilities Corp for Sumter County School 17          | CUSIP: 80585NBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $516999.00    | 1.42%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNT PLEASANT SC                          | Town of Mount Pleasant SC                                              | CUSIP: 622625JS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1290472.50   | 3.54%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLG OF CHARLESTON SC ACADEMIC&             | College of Charleston                                                  | CUSIP: 19421VEZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087050.00   | 2.99%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHLAND CNTY SC                           | County of Richland SC                                                  | CUSIP: 7636313H9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1419250.40   | 3.90%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG CNTY SC SCH DIST #             | Spartanburg County School District No 4/SC                             | CUSIP: 847031CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108710.00   | 3.05%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LUGOFF-ELGIN SC WTR AUTH WTRWK             | Lugoff-Elgin Water Authority/SC                                        | CUSIP: 549843EP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1161004.25   | 3.19%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN CNTY SC SCH DIST                | Georgetown County School District                                      | CUSIP: 372640KF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056500.00   | 2.90%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GREENVILLE SC HOSP SYS BRD HOS             | Greenville Health System                                               | CUSIP: 396080KC6<br>LEI: 549300CT091FFAL47464 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1437342.85   | 3.95%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORENCE CNTY SC HOSP REVENUE              | County of Florence SC                                                  | CUSIP: 340122LG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1135134.00   | 3.12%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA SC WTRWKS & SWR SYS               | City of Columbia SC Waterworks & Sewer System Revenue                  | CUSIP: 198504YY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112750.00   | 3.06%             | 2048-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE             | South Carolina Jobs-Economic Development Authority                     | CUSIP: 83703FJA1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    850000 | PA      | $887680.50    | 2.44%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGEBURG CNTY SC FACS CORP I             | Orangeburg County Facilities Corp                                      | CUSIP: 685357AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1617922.35   | 4.44%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO SC EDUCTNL FACS CORP FOR             | Scago Educational Facilities Corp for Spartanburg School District No 1 | CUSIP: 80585FBN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $652443.75    | 1.79%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA SC WTRWKS & SWR SYS               | City of Columbia SC Waterworks & Sewer System Revenue                  | CUSIP: 198504K68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108540.00   | 3.04%             | 2052-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Treasury Obligations Fund | Federated Hermes Treasury Obligations Fund                             | CUSIP: 60934N500<br>LEI: 254900WUIGYHOH89FC60 | Long             | STIV             | RF                | US        |   1199452 | NS      | $1199452.28   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BEAUFORT-JASPER SC WTR & SWR A             | Beaufort-Jasper Water & Sewer Authority                                | CUSIP: 074358FG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049570.00   | 2.88%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST                          | State of South Carolina                                                | CUSIP: 83710RTE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1325756.90   | 3.64%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DE             | South Carolina State Housing Finance & Development Authority           | CUSIP: 83712DR32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1698113.60   | 4.66%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHLAND CNTY SC                           | County of Richland SC                                                  | CUSIP: 7636313K2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1343616.40   | 3.69%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER EDUCTNL ASSISTANCE P             | Lancaster Educational Assistance Program Inc                           | CUSIP: 514136AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018780.00   | 2.80%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO SC EDUCTNL FACS CORP FOR             | Scago Educational Facilities Corp for Cherokee School District No 1    | CUSIP: 80585GBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037990.00   | 2.85%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHLAND CNTY SC SCH DIST #2               | Richland County School District No 2/SC                                | CUSIP: 763682K42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048080.00   | 2.88%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST TRANSPRTN IN             | South Carolina Transportation Infrastructure Bank                      | CUSIP: 837152UZ8<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061410.00   | 2.92%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKLAND CAYCE SC SCH DIST #2             | Lexington County School District No 2                                  | CUSIP: 113709SJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1467247.05   | 4.03%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AIKEN CNTY SC CONSOL SCH DIST              | Aiken County Consolidated School District/SC                           | CUSIP: 008775AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $785407.50    | 2.16%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AIKEN CNTY SC CONSOL SCH DIST              | Aiken County Consolidated School District/SC                           | CUSIP: 008770RL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045470.00   | 2.87%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHARLESTON SC PUBLIC FACS CORP             | Charleston Public Facilities Corp                                      | CUSIP: 160396BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101330.00   | 3.02%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AIKEN CNTY SC CONSOL SCH DIST              | Aiken County Consolidated School District/SC                           | CUSIP: 008775AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053350.00   | 2.89%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG SC WTRWKS REVENUE              | City of Spartanburg SC Water System Revenue                            | CUSIP: 847184VA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055470.00   | 2.90%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE             | South Carolina Jobs-Economic Development Authority                     | CUSIP: 837031YP2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1586677.40   | 4.36%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO SC EDUCTNL FACS CORP FOR             | Scago Educational Facilities Corp for Sumter County School 17          | CUSIP: 80585NBA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $621660.00    | 1.71%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Sterling Capital Funds

**Signature:** Todd Miller

**Name of Signer:** Todd Miller

**Title:** Treasurer and Secretary