# EDGAR Filing Document

**Accession Number:** 0000889284
**File Stem:** 0001752724-23-046764
**Filing Date:** 2023-2
**Character Count:** 67159
**Document Hash:** 6405ad0fdf97808ae4696295861eb2fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046764.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046764

**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:** 23683018

**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 Behavioral International Equity Fund (Series ID: S000047433)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000148908 | Class A       | SBIAX           |
| C000148909 | Class C       | SBIDX           |
| C000148910 | Institutional | SBIIX           |
| C000199535 | Class R6      | STRCX           |

## Nport-Ex

Sterling

Capital

Behavioral

International

Equity

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

See

accompanying

Notes

to

the

Schedule

of

Portfolio

Investments.

Shares

Fair

Value

COMMON

STOCKS

—

97.6%

Australia

—

5.8%

31,200

ANZ

Group

Holdings,

Ltd.

...........

$

502,598

1,775

BHP

Group,

Ltd.

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

55,144

88,400

Fortescue

Metals

Group,

Ltd.

.........

1,234,438

75,875

National

Australia

Bank,

Ltd.

.........

1,552,885

262,500

Qantas

Airways,

Ltd.(a)

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

1,074,126

81,150

Suncorp

Group,

Ltd.

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

665,222

781,125

Vicinity

Centres

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

1,063,658

44,275

Westpac

Banking

Corp.

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

703,877

6,851,948

Austria

—

1.2%

17,375

ANDRITZ

AG

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

995,980

9,050

OMV

AG

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

465,972

1,461,952

Belgium

—

1.0%

10,525

Solvay

SA

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

1,064,232

10,275

Telenet

Group

Holding

NV

...........

167,733

1,231,965

Denmark

—

1.6%

8,425

Carlsberg

AS,

Class

B

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

1,119,646

11,475

Pandora

A/S

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

806,263

1,925,909

Finland

—

2.1%

68,625

Fortum

OYJ

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

1,141,563

124,650

Nordea

Bank

Abp

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

1,338,319

2,479,882

France

—

13.7%

27,100

AXA

SA

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

755,834

7,050

Capgemini

SE

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

1,176,903

23,275

Carrefour

SA

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

389,666

14,625

Cie

de

Saint-Gobain

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

714,666

4,175

Dassault

Aviation

SA

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

707,016

12,325

Eiffage

SA

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

1,212,728

93,500

Engie

SA

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

1,339,966

558

Euroapi

SA(a)

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

8,273

10,400

Ipsen

SA

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

1,118,834

2,275

LVMH

Moet

Hennessy

Louis

Vuitton

SE

.

1,655,743

88,775

Orange

SA

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

881,966

19,300

Publicis

Groupe

SA

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

1,227,598

30,075

Renault

SA(a)

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

1,006,861

20,550

Sanofi

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

1,976,278

48,900

Societe

Generale

SA

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

1,229,061

4,175

Sodexo

SA

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

399,898

6,875

TotalEnergies

SE

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

431,625

16,232,916

Germany

—

6.1%

1,625

Allianz

SE

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

349,462

25,950

Bayer

AG

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

1,342,380

14,025

Bayerische

Motoren

Werke

AG

........

1,251,789

54,625

Deutsche

Telekom

AG

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

1,089,826

41,150

Fresenius

SE

&

Co.

KGaA

...........

1,156,287

22,750

HeidelbergCement

AG

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

1,297,514

Shares

Fair

Value

COMMON

STOCKS

—

(continued)

Germany

—

(continued)

16,325

Infineon

Technologies

AG

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

$

496,817

3,075

Mercedes-Benz

Group

AG

...........

202,106

7,186,181

Hong

Kong

—

1.6%

12,300

Jardine

Matheson

Holdings,

Ltd.

.......

626,070

89,500

Sun

Hung

Kai

Properties,

Ltd.

.........

1,224,606

1,850,676

Israel

—

1.8%

8,400

Check

Point

Software

Technologies,

Ltd.(a)

1,059,744

117,700

Teva

Pharmaceutical

Industries,

Ltd.,

ADR(a)

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

1,073,424

2,133,168

Italy

—

4.3%

71,950

Assicurazioni

Generali

SpA

..........

1,279,669

84,500

Stellantis

NV

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

1,199,769

135,050

Terna

Rete

Elettrica

Nazionale

SpA

.....

997,493

97,400

UniCredit

SpA

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

1,383,763

97,150

UnipolSai

Assicurazioni

SpA

.........

239,395

5,100,089

Japan

—

24.5%

16,500

Asahi

Group

Holdings,

Ltd.

..........

517,857

22,200

Astellas

Pharma,

Inc.

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

339,411

2,500

Hirose

Electric

Co.,

Ltd.

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

316,215

26,900

Hitachi,

Ltd.

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

1,371,441

46,200

Inpex

Corp.

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

491,429

45,800

ITOCHU

Corp.

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

1,446,867

102,400

Japan

Post

Holdings

Co.,

Ltd.

.........

865,687

66,000

Japan

Tobacco,

Inc.

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

1,338,205

110,200

Marubeni

Corp.

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

1,272,120

41,000

Mitsubishi

Corp.

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

1,338,029

212,500

Mitsubishi

HC

Capital,

Inc.

...........

1,050,842

27,500

Mitsubishi

Heavy

Industries,

Ltd.

......

1,096,731

53,800

Mitsui

&

Co.,

Ltd.

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

1,579,483

39,100

Mitsui

OSK

Lines,

Ltd.

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

980,181

67,000

Nippon

Steel

Corp.

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

1,170,101

43,100

Nippon

Telegraph

&

Telephone

Corp.

...

1,235,463

31,500

Nippon

Yusen

KK

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

746,457

28,400

Olympus

Corp.

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

508,967

41,300

Ono

Pharmaceutical

Co.,

Ltd.

.........

970,191

25,100

Open

House

Co.,

Ltd.

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

921,838

106,000

Renesas

Electronics

Corp.(a)

..........

955,890

30,200

SBI

Holdings,

Inc.

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

579,194

60,000

Seiko

Epson

Corp.

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

880,524

71,000

Sekisui

Chemical

Co.,

Ltd.

...........

998,133

30,800

SoftBank

Group

Corp.

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

1,324,560

43,300

Subaru

Corp.

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

668,933

70,500

SUMCO

Corp.

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

943,832

79,200

Sumitomo

Corp.

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

1,325,230

45,200

Takeda

Pharmaceutical

Co.,

Ltd.

.......

1,415,858

14,700

USS

Co.,

Ltd.

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

234,658

28,884,327

Sterling

Capital

Behavioral

International

Equity

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Shares

Fair

Value

COMMON

STOCKS

—

(continued)

Netherlands

—

4.4%

74,075

ABN

AMRO

Bank

NV(b)

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

$

1,024,869

18,200

AerCap

Holdings

NV(a)

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

1,061,424

14,175

Heineken

Holding

NV

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

1,093,260

41,900

Koninklijke

Ahold

Delhaize

NV

.......

1,203,824

23,050

OCI

NV

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

824,601

5,207,978

Norway

—

0.9%

51,375

DNB

Bank

ASA

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

1,019,707

Portugal

—

0.9%

48,425

Jeronimo

Martins

SGPS

SA

..........

1,046,061

Singapore

—

1.9%

132,900

Oversea-Chinese

Banking

Corp.,

Ltd.

...

1,208,543

251,300

Singapore

Airlines,

Ltd.

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

1,037,546

2,246,089

Spain

—

2.3%

218,575

Banco

Bilbao

Vizcaya

Argentaria

SA

....

1,318,207

18,650

Industria

de

Diseno

Textil

SA

.........

496,103

57,125

Repsol

SA

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

908,070

2,722,380

Sweden

—

1.9%

123,250

Securitas

AB,

Class

B

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

1,027,118

70,400

Swedbank

AB,

Class

A

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

1,196,176

2,223,294

Switzerland

—

7.9%

25,600

Holcim

AG

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

1,325,613

28,600

Novartis

AG

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

2,585,491

22,175

Swatch

Group

AG

(The)

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

1,611,240

10,325

Swiss

Re

AG

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

965,669

65,750

UBS

Group

AG

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

1,223,413

3,300

Zurich

Insurance

Group

AG

..........

1,578,532

9,289,958

United

Kingdom

—

13.7%

21,450

Anglo

American

PLC

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

839,288

329,750

BP

PLC

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

1,893,195

43,100

British

American

Tobacco

PLC

........

1,709,850

20,600

Coca-Cola

Europacific

Partners

PLC

....

1,139,592

16,725

Coca-Cola

HBC

AG

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

398,935

68,330

GSK

PLC

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

1,187,566

54,675

Imperial

Brands

PLC

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

1,368,917

1,425

InterContinental

Hotels

Group

PLC

.....

81,727

138,325

Phoenix

Group

Holdings

PLC

.........

1,017,750

23,450

Rio

Tinto

PLC

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

1,643,726

94,325

Shell

PLC

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

2,652,436

40,550

Unilever

PLC

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

2,050,139

193,425

Vodafone

Group

PLC

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

196,988

16,180,109

Total

Common

Stocks

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$108,894,966)

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

115,274,589

Shares

Fair

Value

PREFERRED

STOCKS

—

1.0%

Germany

—

1.0%

13,775

Bayerische

Motoren

Werke

AG

........

$

1,173,000

Total

Preferred

Stocks

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$1,080,083)

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

1,173,000

MONEY

MARKET

FUND

—

0.7%

United

States

—

0.7%

873,394

Federated

Treasury

Obligations

Fund,

Institutional

Shares,

4.14%(c)

.....

873,394

Total

Money

Market

Fund

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$873,394)

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

873,394

Total

Investments

—

99.3%

(Cost

$110,848,443)

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

117,320,983

Net

Other

Assets

(Liabilities)

—

0.7%

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

830,397

NET

ASSETS

-

100.0%

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

$

118,151,380

(a) Represents

non-income

producing

security.

(b) Rule

144A,

Section

4(2)

or

other

security

that

is

restricted

as

to

resale

to

qualified

institutional

investors.

Sterling

Capital

Management

LLC

(the

"Advisor"),

using

Board

approved

procedures,

has

deemed

these

securities

or

a

portion

of

these

securities

to

be

liquid.

(c) Represents

the

current

yield

as

of

report

date.

ADR

American

Depositary

Receipt

Sterling

Capital

Behavioral

International

Equity

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Industry

Percentage

of

net

assets

Aerospace

&

Defense

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

0.6%

Airlines

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

1.8%

Automobiles

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

4.8%

Banks

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

10.5%

Beverages

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

3.6%

Building

Products

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

0.6%

Capital

Markets

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

1.5%

Chemicals

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

1.6%

Commercial

Services

&

Supplies

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

0.9%

Construction

&

Engineering

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

1.0%

Construction

Materials

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

2.2%

Diversified

Financial

Services

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

0.9%

Diversified

Telecommunication

Services

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

2.8%

Electric

Utilities

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

1.8%

Electronic

Equipment,

Instruments

&

Components

.....

0.3%

Equity

Real

Estate

Investment

Trusts

(REITs)

.........

0.9%

Food

&

Staples

Retailing

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

2.2%

Health

Care

Equipment

&

Supplies

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

0.4%

Health

Care

Providers

&

Services

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

1.0%

Hotels,

Restaurants

&

Leisure

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

0.4%

Household

Durables

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

1.7%

Industrial

Conglomerates

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

1.7%

Insurance

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

6.6%

IT

Services

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

1.0%

Machinery

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

1.7%

Marine

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

1.4%

Media

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

1.1%

Metals

&

Mining

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

4.2%

Money

Market

Fund

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

0.7%

Multi-Utilities

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

1.1%

Oil,

Gas

&

Consumable

Fuels

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

5.8%

Personal

Products

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

1.7%

Pharmaceuticals

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

10.2%

Real

Estate

Management

&

Development

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

1.1%

Semiconductors

&

Semiconductor

Equipment

........

2.0%

Software

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

0.9%

Specialty

Retail

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

0.6%

Technology

Hardware,

Storage

&

Peripherals

.........

0.8%

Textiles,

Apparel

&

Luxury

Goods

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

3.5%

Tobacco

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

3.7%

Trading

Companies

&

Distributors

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

6.7%

Wireless

Telecommunication

Services

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

1.3%

99.3%

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Behavioral

International

Equity

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

Behavioral

International

Equity

Fund

(referred

to

as

a

"Fund").

The

Fund

is

a

"diversified"

fund

as

defined

in

the

1940

Act.

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

pricing

may

be

used

if

events

materially

affecting

the

value

of

foreign

securities

occur

between

the

time

when

the

exchange

on

which

they

are

traded

closes

and

the

time

when

the

Fund's

net

asset

value

is

calculated;

such

securities

may

be

valued

at

fair

value

in

accordance

with

procedures

adopted

by

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)

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Behavioral

International

Equity

Fund

—

(continued)

December

31,

2022

(Unaudited)

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.

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).

Foreign

Currency

Translation

—

The

accounting

records

of

the

Fund

are

maintained

in

U.S.

dollars.

Foreign

currency

amounts

are

translated

into

U.S.

dollars

at

the

latest

foreign

exchange

bid

quotation

(from

an

approved

pricing

vendor)

to

determine

the

fair

value

of

investments,

assets

and

liabilities.

Purchases

and

sales

of

securities,

income

and

expenses

are

translated

at

the

prevailing

rate

of

exchange,

on

the

respective

dates

of

such

transactions.

The

Fund

does

not

isolate

that

portion

of

the

results

of

operations

resulting

from

changes

in

foreign

exchange

rates

on

investments

from

fluctuations

arising

from

changes

in

market

prices

of

securities

held.

Such

fluctuations

are

included

with

the

net

realized

and

unrealized

gain

or

loss

from

investments

and

foreign

currencies.

Forward

Foreign

Currency

Exchange

Contracts

—

The

Fund

may

enter

into

forward

foreign

currency

exchange

contracts

(foreign

currency

exchange

risk)

in

connection

with

planned

purchases

or

sales

of

securities

or

to

hedge

the

U.S.

dollar

value

of

Funds

securities

denominated

in

a

particular

currency.

A

foreign

currency

exchange

contract

is

an

agreement

between

two

parties

to

buy

and

sell

a

currency

at

a

set

exchange

rate

on

a

future

date.

The

Fund

can

be

exposed

to

risks

if

the

counterparties

to

the

contracts

are

unable

to

meet

the

terms

of

their

contracts

and

from

unanticipated

movements

in

the

value

of

a

foreign

currency

relative

to

the

U.S.

dollar.

In

the

event

of

default

by

the

counterparty

to

the

transaction,

the

Fund's

maximum

amount

of

loss,

as

either

the

buyer

or

seller,

is

the

unrealized

gain

of

the

contract.

The

forward

foreign

currency

exchange

contracts

are

adjusted

by

the

daily

exchange

rate

of

the

underlying

currency

and

any

gains

or

losses

are

recorded

for

purposes

of

this

schedule

as

unrealized

gains

or

losses

until

the

contract

settlement

date.

When

the

contract

is

closed,

the

Fund

records

a

realized

gain

(loss)

equal

to

the

difference

between

the

value

at

the

time

it

was

opened

and

the

value

at

the

time

it

was

closed.

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

Level

1-

Quoted

Prices

Level

2-

Other

Significant

Observable

Inputs

Level

3-

Significant

Unobservable

Inputs

Total

Assets:

Investments

in

Securities

Sterling

Capital

Behavioral

International

Equity

Fund

......

$

117,320,983(a)

$

—

$

—

$

117,320,983

(a) Industries,

countries

or

security

types

are

disclosed

in

the

Schedule

of

Portfolio

Investments.

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Behavioral

International

Equity

Fund

—

(continued)

December

31,

2022

(Unaudited)

without

the

use

of

dollar

rolls.

The

Fund

accounts

for

mortgage

dollar

roll

transactions

as

purchases

and

sales.

The

Fund

did

not

hold

any

mortgage

dollar

rolls

during

the

period.

Risks

Associated

with

Foreign

Securities

and

Currencies

—

Investments

in

securities

of

foreign

issuers

carry

certain

risks

not

ordinarily

associated

with

investments

in

securities

of

domestic

issuers.

Such

risks

include

future

political

and

economic

developments

and

the

possible

imposition

of

exchange

controls

or

other

foreign

governmental

laws

and

restrictions.

In

addition,

with

respect

to

certain

countries,

there

is

the

possibility

of

expropriation

of

assets,

confiscatory

taxation,

political

or

social

instability

or

diplomatic

developments

which

could

adversely

affect

investments

in

those

countries.

Certain

foreign

investments

may

also

be

subject

to

foreign

withholding

taxes.

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

or

forward

commitments

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.

## 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 Behavioral International Equity Fund

- **b. EDGAR series identifier (if any):** S000047433

- **c. LEI of Series:** 549300OJI06JGL750I66

**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:** $118195944.09

**Total Liabilities:** $44564.47

**Net Assets:** $118151379.62

**Cash Not Reported:** $114335.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000199535 | 7.32%                | 12.99%               | -0.98%               |
| Class ID C000148909 | 7.28%                | 12.90%               | -1.13%               |
| Class ID C000148908 | 7.19%                | 13.16%               | -1.15%               |
| Class ID C000148910 | 7.33%                | 13.14%               | -1.02%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $7205199.31                                |
| Month 2  | $0.00                    | $13437235.54                               |
| Month 3  | $127590.52               | $-1624117.78                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Anglo American PLC                         | Anglo American PLC                         | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     21450 | NS      | $839288.45    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| USS Co Ltd                                 | USS Co Ltd                                 | CUSIP: 000000000<br>LEI: 5299000RRQD6UZXG4W72 | Long             | EC               | CORP              | JP        |     14700 | NS      | $234657.88    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                        | Deutsche Telekom AG                        | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     54625 | NS      | $1089825.95   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                                  | Repsol SA                                  | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |     57125 | NS      | $908069.43    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Subaru Corp                                | Subaru Corp                                | CUSIP: 000000000<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |     43300 | NS      | $668932.87    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Treasury Obligations Fund | Federated Hermes Treasury Obligations Fund | CUSIP: 60934N500<br>LEI: 254900WUIGYHOH89FC60 | Long             | STIV             | RF                | US        |    873394 | NS      | $873393.58    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                    | GSK PLC                                    | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     68330 | NS      | $1187566.19   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Re AG                                | Swiss Re AG                                | CUSIP: 000000000<br>LEI: 529900PS9YW3YY29F326 | Long             | EC               | CORP              | CH        |     10325 | NS      | $965669.17    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                 | Allianz SE                                 | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      1625 | NS      | $349461.78    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Securitas AB                               | Securitas AB                               | CUSIP: 000000000<br>LEI: 635400TTYKE8EIWDS617 | Long             | EC               | CORP              | SE        |    123250 | NS      | $1027117.78   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg AS                               | Carlsberg AS                               | CUSIP: 000000000<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |      8425 | NS      | $1119646.46   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo SA                                  | Sodexo SA                                  | CUSIP: 000000000<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |      4175 | NS      | $399897.64    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Assicurazioni Generali SpA                 | Assicurazioni Generali SpA                 | CUSIP: 000000000<br>LEI: 549300X5UKJVE386ZB61 | Long             | EC               | CORP              | IT        |     71950 | NS      | $1279668.65   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank Abp                            | Nordea Bank Abp                            | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |    124650 | NS      | $1338318.87   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Euroapi SA                                 | Euroapi SA                                 | CUSIP: 000000000<br>LEI: 9695002FT7GGI3CKKJ14 | Long             | EC               | CORP              | FR        |       558 | NS      | $8272.76      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| National Australia Bank Ltd                | National Australia Bank Ltd                | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | AU        |     75875 | NS      | $1552884.38   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Telenet Group Holding NV                   | Telenet Group Holding NV                   | CUSIP: 000000000<br>LEI: 213800FA3K4S56INQI67 | Long             | EC               | CORP              | BE        |     10275 | NS      | $167732.82    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                   | Engie SA                                   | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     93500 | NS      | $1339965.76   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                               | Capgemini SE                               | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      7050 | NS      | $1176903.58   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                               | DNB Bank ASA                               | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |     51375 | NS      | $1019707.33   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                     | OMV AG                                     | CUSIP: 000000000<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |      9050 | NS      | $465972.24    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ipsen SA                                   | Ipsen SA                                   | CUSIP: 000000000<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |     10400 | NS      | $1118834.34   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                        | Societe Generale SA                        | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     48900 | NS      | $1229060.72   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners             | Coca-Cola Europacific Partners PLC         | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     20600 | NS      | $1139592.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken Holding NV                        | Heineken Holding NV                        | CUSIP: 000000000<br>LEI: 724500M1WJLFM9TYBS04 | Long             | EC               | CORP              | NL        |     14175 | NS      | $1093259.95   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd               | Takeda Pharmaceutical Co Ltd               | CUSIP: 000000000<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |     45200 | NS      | $1415857.97   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Renesas Electronics Corp                   | Renesas Electronics Corp                   | CUSIP: 000000000<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |    106000 | NS      | $955889.97    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Marubeni Corp                              | Marubeni Corp                              | CUSIP: 000000000<br>LEI: 4P4N3ORD02UGQT1T1W12 | Long             | EC               | CORP              | JP        |    110200 | NS      | $1272119.78   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                  | Holcim AG                                  | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     25600 | NS      | $1325612.93   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Open House Group Co Ltd                    | Open House Group Co Ltd                    | CUSIP: 000000000<br>LEI: 529900WQOGPBIJEHW865 | Long             | EC               | CORP              | JP        |     25100 | NS      | $921837.85    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Swatch Group AG/The                        | Swatch Group AG/The                        | CUSIP: 000000000<br>LEI: 529900NTES2LEON1JZ55 | Long             | EC               | CORP              | CH        |      1975 | NS      | $561753.10    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technolog             | Check Point Software Technologies Ltd      | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      8400 | NS      | $1059744.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Corp                              | Sumitomo Corp                              | CUSIP: 000000000<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |     79200 | NS      | $1325230.11   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                           | TotalEnergies SE                           | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      6875 | NS      | $431625.51    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                              | UniCredit SpA                              | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     97400 | NS      | $1383763.01   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO Bank NV                           | ABN AMRO Bank NV                           | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |     74075 | NS      | $1024869.57   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BBVA                                       | Banco Bilbao Vizcaya Argentaria SA         | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    218575 | NS      | $1318207.31   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UnipolSai Assicurazioni SpA                | UnipolSai Assicurazioni SpA                | CUSIP: 000000000<br>LEI: 815600E31C4E7006AB54 | Long             | EC               | CORP              | IT        |     97150 | NS      | $239394.69    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Aviation SA                       | Dassault Aviation SA                       | CUSIP: 000000000<br>LEI: 969500CVFTUT88V8QN95 | Long             | EC               | CORP              | FR        |      4175 | NS      | $707016.17    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SoftBank Group Corp                        | SoftBank Group Corp                        | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |     30800 | NS      | $1324559.59   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                               | UBS Group AG                               | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     65750 | NS      | $1223412.91   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Steel Corp                          | Nippon Steel Corp                          | CUSIP: 000000000<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |     67000 | NS      | $1170100.58   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI Holdings Inc                           | SBI Holdings Inc                           | CUSIP: 000000000<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |     30200 | NS      | $579193.84    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                | Novartis AG                                | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     28600 | NS      | $2585490.73   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Qantas Airways Ltd                         | Qantas Airways Ltd                         | CUSIP: 000000000<br>LEI: YLXNW6TI6QSK1H8H0N82 | Long             | EC               | CORP              | AU        |    262500 | NS      | $1074125.98   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Post Holdings Co Ltd                 | Japan Post Holdings Co Ltd                 | CUSIP: 000000000<br>LEI: 5299003D9N4JBS256X18 | Long             | EC               | CORP              | JP        |    102400 | NS      | $865687.29    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                              | BHP Group Ltd                              | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |      1775 | NS      | $55144.25     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA                         | Publicis Groupe SA                         | CUSIP: 000000000<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |     19300 | NS      | $1227598.48   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                     | Mercedes-Benz Group AG                     | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |      3075 | NS      | $202106.31    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG                | Bayerische Motoren Werke AG                | CUSIP: 000000000<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EP               | CORP              | DE        |     13775 | NS      | $1173000.45   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corp                                | ITOCHU Corp                                | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     45800 | NS      | $1446866.81   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Solvay SA                                  | Solvay SA                                  | CUSIP: 000000000<br>LEI: 549300MMVL80RTBP3O28 | Long             | EC               | CORP              | BE        |     10525 | NS      | $1064232.29   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Tobacco Inc                          | Japan Tobacco Inc                          | CUSIP: 000000000<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | EC               | CORP              | JP        |     66000 | NS      | $1338204.82   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicinity Ltd                               | Vicinity Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    781125 | NS      | $1063657.91   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                         | Vodafone Group PLC                         | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |    193425 | NS      | $196987.79    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Corp                            | Mitsubishi Corp                            | CUSIP: 000000000<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |     41000 | NS      | $1338029.56   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co KGaA                     | Fresenius SE & Co KGaA                     | CUSIP: 000000000<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |     41150 | NS      | $1156286.71   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Heavy Industries Lt             | Mitsubishi Heavy Industries Ltd            | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |     27500 | NS      | $1096731.18   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain                        | Cie de Saint-Gobain                        | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     14625 | NS      | $714665.87    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Eiffage SA                                 | Eiffage SA                                 | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |     12325 | NS      | $1212727.79   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                     | BP PLC                                     | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    329750 | NS      | $1893194.85   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Swatch Group AG/The                        | Swatch Group AG/The                        | CUSIP: 000000000<br>LEI: 529900NTES2LEON1JZ55 | Long             | EC               | CORP              | CH        |     20200 | NS      | $1049486.83   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV              | Koninklijke Ahold Delhaize NV              | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     41900 | NS      | $1203823.79   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi                                     | Sanofi                                     | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     20550 | NS      | $1976277.64   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Oversea-Chinese Banking Corp L             | Oversea-Chinese Banking Corp Ltd           | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |    132900 | NS      | $1208542.63   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG                | Bayerische Motoren Werke AG                | CUSIP: 000000000<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |     14025 | NS      | $1251789.05   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Airlines Ltd                     | Singapore Airlines Ltd                     | CUSIP: 000000000<br>LEI: 549300ZG62N2599PWR15 | Long             | EC               | CORP              | SG        |    251300 | NS      | $1037545.92   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Westpac Banking Corp                       | Westpac Banking Corp                       | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | EC               | CORP              | AU        |     44275 | NS      | $703877.20    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Group Holdings Ltd                   | Asahi Group Holdings Ltd                   | CUSIP: 000000000<br>LEI: 353800KAJ02XNHLCJW79 | Long             | EC               | CORP              | JP        |     16500 | NS      | $517856.60    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA              | Industria de Diseno Textil SA              | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     18650 | NS      | $496102.73    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellantis NV                              | Stellantis NV                              | CUSIP: 000000000<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | EC               | CORP              | NL        |     84500 | NS      | $1199768.92   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedbank AB                                | Swedbank AB                                | CUSIP: 000000000<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |     70400 | NS      | $1196176.27   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Metals Group Ltd                 | Fortescue Metals Group Ltd                 | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     88400 | NS      | $1234438.24   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen KK                            | Nippon Yusen KK                            | CUSIP: 000000000<br>LEI: 353800YPW4XM0ZN5I149 | Long             | EC               | CORP              | JP        |     31500 | NS      | $746456.87    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries             | Teva Pharmaceutical Industries Ltd         | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |    117700 | NS      | $1073424.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ANZ Group Holdings Ltd                     | ANZ Group Holdings Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     31200 | NS      | $502598.02    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC                        | Imperial Brands PLC                        | CUSIP: 000000000<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |     54675 | NS      | $1368917.36   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp                                 | Inpex Corp                                 | CUSIP: 000000000<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     46200 | NS      | $491429.44    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi HC Capital Inc                  | Mitsubishi HC Capital Inc                  | CUSIP: 000000000<br>LEI: 353800MZ3QX9RLMH7B09 | Long             | EC               | CORP              | JP        |    212500 | NS      | $1050841.97   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                   | Infineon Technologies AG                   | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     16325 | NS      | $496816.99    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui Chemical Co Ltd                    | Sekisui Chemical Co Ltd                    | CUSIP: 000000000<br>LEI: 529900KQIVT7NWFNMI70 | Long             | EC               | CORP              | JP        |     71000 | NS      | $998133.19    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui OSK Lines Ltd                       | Mitsui OSK Lines Ltd                       | CUSIP: 000000000<br>LEI: 353800P8O843TMAZ6S09 | Long             | EC               | CORP              | JP        |     39100 | NS      | $980181.35    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd                                | Hitachi Ltd                                | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     26900 | NS      | $1371440.87   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Group Holdings PLC                 | Phoenix Group Holdings PLC                 | CUSIP: 000000000<br>LEI: 2138001P49OLAEU33T68 | Long             | EC               | CORP              | GB        |    138325 | NS      | $1017749.66   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Renault SA                                 | Renault SA                                 | CUSIP: 000000000<br>LEI: 969500F7JLTX36OUI695 | Long             | EC               | CORP              | FR        |     30075 | NS      | $1006860.59   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncorp Group Ltd                          | Suncorp Group Ltd                          | CUSIP: 000000000<br>LEI: 549300BVOKRTHDIWVT46 | Long             | EC               | CORP              | AU        |     81150 | NS      | $665221.77    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Seiko Epson Corp                           | Seiko Epson Corp                           | CUSIP: 000000000<br>LEI: 549300NIOFQDR749W206 | Long             | EC               | CORP              | JP        |     60000 | NS      | $880524.23    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMCO Corp                                 | SUMCO Corp                                 | CUSIP: 000000000<br>LEI: 353800SUSRUOM0V6KU92 | Long             | EC               | CORP              | JP        |     70500 | NS      | $943831.91    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ono Pharmaceutical Co Ltd                  | Ono Pharmaceutical Co Ltd                  | CUSIP: 000000000<br>LEI: 529900G26L4NG4GFJZ86 | Long             | EC               | CORP              | JP        |     41300 | NS      | $970191.25    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Corp                               | Olympus Corp                               | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |     28400 | NS      | $508966.78    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| InterContinental Hotels Group              | InterContinental Hotels Group PLC          | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |      1425 | NS      | $81727.44     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                               | Unilever PLC                               | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     40550 | NS      | $2050138.62   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Jeronimo Martins SGPS SA                   | Jeronimo Martins SGPS SA                   | CUSIP: 000000000<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |     48425 | NS      | $1046061.40   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Terna - Rete Elettrica Naziona             | Terna - Rete Elettrica Nazionale           | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |    135050 | NS      | $997493.48    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt             | LVMH Moet Hennessy Louis Vuitton SE        | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      2275 | NS      | $1655742.62   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer AG                                   | Bayer AG                                   | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |     25950 | NS      | $1342380.43   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HeidelbergCement AG                        | HeidelbergCement AG                        | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     22750 | NS      | $1297513.85   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRITZ AG                                 | ANDRITZ AG                                 | CUSIP: 000000000<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |     17375 | NS      | $995980.13    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc                        | Astellas Pharma Inc                        | CUSIP: 000000000<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |     22200 | NS      | $339411.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                  | Zurich Insurance Group AG                  | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |      3300 | NS      | $1578532.42   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                  | Shell PLC                                  | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     94325 | NS      | $2652435.70   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT                                        | Nippon Telegraph & Telephone Corp          | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |     43100 | NS      | $1235463.27   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                              | Rio Tinto PLC                              | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     23450 | NS      | $1643725.90   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| OCI NV                                     | OCI NV                                     | CUSIP: 000000000<br>LEI: 549300NCMRGIBJYUOE57 | Long             | EC               | CORP              | NL        |     23050 | NS      | $824600.82    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                         | AerCap Holdings NV                         | CUSIP: 000000000<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | IE        |     18200 | NS      | $1061424.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Jardine Matheson Holdings Ltd              | Jardine Matheson Holdings Ltd              | CUSIP: 000000000<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | HK        |     12300 | NS      | $626070.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Hirose Electric Co Ltd                     | Hirose Electric Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2500 | NS      | $316214.57    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                | Pandora A/S                                | CUSIP: 000000000<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |     11475 | NS      | $806262.96    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrefour SA                               | Carrefour SA                               | CUSIP: 000000000<br>LEI: 549300B8P6MUJ1YWTS08 | Long             | EC               | CORP              | FR        |     23275 | NS      | $389666.28    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC               | British American Tobacco PLC               | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     43100 | NS      | $1709850.02   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                     | AXA SA                                     | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     27100 | NS      | $755834.58    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui & Co Ltd                            | Mitsui & Co Ltd                            | CUSIP: 000000000<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |     53800 | NS      | $1579483.39   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                  | Orange SA                                  | CUSIP: 000000000<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     88775 | NS      | $881965.99    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd                | Sun Hung Kai Properties Ltd                | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |     89500 | NS      | $1224605.88   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum Oyj                                 | Fortum Oyj                                 | CUSIP: 000000000<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |     68625 | NS      | $1141562.67   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola HBC AG                           | Coca-Cola HBC AG                           | CUSIP: 000000000<br>LEI: 549300EFP3TNG7JGVE49 | Long             | EC               | CORP              | CH        |     16725 | NS      | $398934.46    | 0.34%             |  |  |  | No            |                  1 | 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