# EDGAR Filing Document

**Accession Number:** 0000889284
**File Stem:** 0001752724-23-046762
**Filing Date:** 2023-2
**Character Count:** 35510
**Document Hash:** 9ae85ecf80f461a7c9db6351bf2a296e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046762.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046762

**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:** 23683014

**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 Mid Cap Relative Value Fund (Series ID: S000049655)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000156996 | A Shares             | STRLX           |
| C000156997 | C Shares             | STRNX           |
| C000156998 | Institutional Shares | STRGX           |

## Nport-Ex

Sterling

Capital

Mid

Cap

Relative

Value

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

See

accompanying

Notes

to

the

Schedule

of

Portfolio

Investments.

Shares

Fair

Value

COMMON

STOCKS

—

96.9%

Auto

Components

—

1.9%

14,815

Magna

International,

Inc.

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

$

832,307

Banks

—

6.8%

11,649

East

West

Bancorp,

Inc.

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

767,669

5,094

First

Republic

Bank

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

620,908

33,710

Huntington

Bancshares,

Inc.

..........

475,311

28,614

KeyCorp

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

498,456

7,598

Wintrust

Financial

Corp.

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

642,183

3,004,527

Building

Products

—

2.4%

4,507

Carlisle

Cos.,

Inc.

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

1,062,074

Capital

Markets

—

3.1%

4,483

Ameriprise

Financial,

Inc.

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

1,395,872

Chemicals

—

2.8%

13,563

Avient

Corp.

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

457,887

7,668

Westlake

Corp.

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

786,277

1,244,164

Communications

Equipment

—

1.2%

10,104

Ciena

Corp.(a)

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

515,102

Construction

&

Engineering

—

2.0%

10,531

MasTec,

Inc.(a)

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

898,610

Containers

&

Packaging

—

4.9%

6,158

Avery

Dennison

Corp.

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

1,114,598

17,299

Berry

Global

Group,

Inc.

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

1,045,379

2,159,977

Electronic

Equipment,

Instruments

&

Components

—

7.4%

7,956

Arrow

Electronics,

Inc.(a)

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

831,959

7,976

CDW

Corp.

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

1,424,354

26,527

nVent

Electric

PLC

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

1,020,494

3,276,807

Entertainment

—

3.2%

9,613

Activision

Blizzard,

Inc.

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

735,875

6,730

Take-Two

Interactive

Software,

Inc.(a)

...

700,795

1,436,670

Equity

Real

Estate

Investment

Trusts

(REITs)

—

6.8%

4,451

Alexandria

Real

Estate

Equities,

Inc.

....

648,377

5,210

Digital

Realty

Trust,

Inc.

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

522,407

6,032

EastGroup

Properties,

Inc.

...........

893,098

5,940

Mid-America

Apartment

Communities,

Inc.

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

932,521

2,996,403

Food

&

Staples

Retailing

—

5.2%

5,231

Casey's

General

Stores,

Inc.

..........

1,173,575

19,190

Performance

Food

Group

Co.(a)

.......

1,120,504

2,294,079

Shares

Fair

Value

COMMON

STOCKS

—

(continued)

Food

Products

—

2.3%

11,439

Lamb

Weston

Holdings,

Inc.

..........

$

1,022,189

Gas

Utilities

—

4.0%

16,534

Southwest

Gas

Holdings,

Inc.

.........

1,023,124

20,610

UGI

Corp.

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

764,013

1,787,137

Health

Care

Equipment

&

Supplies

—

3.8%

2,603

Becton

Dickinson

&

Co.

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

661,943

7,875

Zimmer

Biomet

Holdings,

Inc.

........

1,004,062

1,666,005

Household

Durables

—

1.5%

14,950

PulteGroup,

Inc.

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

680,673

Insurance

—

7.9%

6,282

American

Financial

Group,

Inc.

........

862,393

12,910

First

American

Financial

Corp.

........

675,709

9,234

Globe

Life,

Inc.

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

1,113,159

6,282

Hanover

Insurance

Group,

Inc.

(The)

....

848,887

3,500,148

IT

Services

—

2.3%

10,140

Fiserv,

Inc.(a)

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

1,024,850

Leisure

Products

—

1.1%

4,716

Polaris,

Inc.

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

476,316

Life

Sciences

Tools

&

Services

—

6.8%

4,929

ICON

PLC(a)

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

957,458

7,668

PerkinElmer,

Inc.

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

1,075,207

1,783

Thermo

Fisher

Scientific,

Inc.

.........

981,880

3,014,545

Machinery

—

2.2%

11,323

Oshkosh

Corp.

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

998,575

Oil,

Gas

&

Consumable

Fuels

—

5.4%

31,879

Coterra

Energy,

Inc.

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

783,267

4,439

Diamondback

Energy,

Inc.

...........

607,166

9,670

Phillips

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

1,006,454

2,396,887

Professional

Services

—

3.5%

5,204

CACI

International,

Inc.,

Class

A(a)

.....

1,564,270

Real

Estate

Management

&

Development

—

1.6%

9,360

Howard

Hughes

Corp.

(The)(a)

........

715,291

Semiconductors

&

Semiconductor

Equipment

—

1.2%

5,976

Skyworks

Solutions,

Inc.

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

544,593

Software

—

3.0%

23,095

Dropbox,

Inc.,

Class

A(a)

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

516,866

6,975

PTC,

Inc.(a)

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

837,279

1,354,145

Sterling

Capital

Mid

Cap

Relative

Value

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Shares

Fair

Value

COMMON

STOCKS

—

(continued)

Trading

Companies

&

Distributors

—

2.6%

3,187

United

Rentals,

Inc.(a)

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

$

1,132,723

Total

Common

Stocks

(Cost

$22,875,085)

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

42,994,939

MONEY

MARKET

FUND

—

3.0%

1,344,213

Federated

Treasury

Obligations

Fund,

Institutional

Shares,

4.14%(b)

.......

1,344,213

Total

Money

Market

Fund

(Cost

$1,344,213)

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

1,344,213

Total

Investments

—

99.9%

(Cost

$24,219,298)

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

44,339,152

Net

Other

Assets

(Liabilities)

—

0.1%

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

49,197

NET

ASSETS

—

100.0%

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

$

44,388,349

(a) Represents

non-income

producing

security.

(b) Represents

the

current

yield

as

of

report

date.

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Mid

Cap

Relative

Value

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

Mid

Cap

Relative

Value

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

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

Mid

Cap

Relative

Value

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.

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.

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

and

Forward

Commitments

—

The

Fund

may

purchase

securities

on

a

"when-issued"

basis.

The

Fund

may

also

purchase

or

sell

securities

on

a

forward

commitment

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.

Level

1-

Quoted

Prices

Level

2-

Other

Significant

Observable

Inputs

Level

3-

Significant

Unobservable

Inputs

Total

Assets:

Investments

in

Securities

Sterling

Capital

Mid

Cap

Relative

Value

Fund

...........

$

44,339,152(a)

$

—

$

—

$

44,339,152

(a) 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 Mid Cap Relative Value Fund

- **b. EDGAR series identifier (if any):** S000049655

- **c. LEI of Series:** 549300OHQQ7VE4KFSS91

**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:** $44409354.16

**Total Liabilities:** $49815.21

**Net Assets:** $44359538.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000156998 | 10.19%               | 5.56%                | -3.99%               |
| Class ID C000156997 | 10.10%               | 5.49%                | -4.08%               |
| Class ID C000156996 | 10.17%               | 5.54%                | -4.01%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $4637368.62                                |
| Month 2  | $0.00                    | $2673164.80                                |
| Month 3  | $2483744.12              | $-4453143.45                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Performance Food Group Co                  | Performance Food Group Co                  | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     19190 | NS      | $1120504.10   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                   | UGI Corp                                   | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     20610 | NS      | $764012.70    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                             | PulteGroup Inc                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14950 | NS      | $680673.50    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                | Avient Corp                                | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     13563 | NS      | $457886.88    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                | Dropbox Inc                                | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     23095 | NS      | $516866.10    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                | CDW Corp/DE                                | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      7976 | NS      | $1424354.08   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/O             | American Financial Group Inc/OH            | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      6282 | NS      | $862392.96    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                         | nVent Electric PLC                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     26527 | NS      | $1020493.69   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                                | Polaris Inc                                | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      4716 | NS      | $476316.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                    | Becton Dickinson and Co                    | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2603 | NS      | $661942.90    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie             | Alexandria Real Estate Equities Inc        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      4451 | NS      | $648377.17    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                        | Avery Dennison Corp                        | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      6158 | NS      | $1114598.00   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc               | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1783 | NS      | $981880.27    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                    | Wintrust Financial Corp                    | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      7598 | NS      | $642182.96    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                   | Digital Realty Trust Inc                   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      5210 | NS      | $522406.70    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                   | EastGroup Properties Inc                   | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      6032 | NS      | $893097.92    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                      | East West Bancorp Inc                      | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11649 | NS      | $767669.10    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                         | Coterra Energy Inc                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     31879 | NS      | $783267.03    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                             | Globe Life Inc                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      9234 | NS      | $1113158.70   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc                    | Magna International Inc                    | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |     14815 | NS      | $832306.70    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                    | Activision Blizzard Inc                    | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |      9613 | NS      | $735875.15    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                     | Diamondback Energy Inc                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      4439 | NS      | $607166.42    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                           | Carlisle Cos Inc                           | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      4507 | NS      | $1062074.55   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                     | CACI International Inc                     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      5204 | NS      | $1564270.36   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                 | Zimmer Biomet Holdings Inc                 | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      7875 | NS      | $1004062.50   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th             | Hanover Insurance Group Inc/The            | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      6282 | NS      | $848886.66    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Corp/The                     | Howard Hughes Corp/The                     | CUSIP: 44267D107<br>LEI: 549300BVHY25JZC1KI49 | Long             | EC               | CORP              | US        |      9360 | NS      | $715291.20    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH               | Huntington Bancshares Inc/OH               | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     33710 | NS      | $475311.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Treasury Obligations Fund | Federated Hermes Treasury Obligations Fund | CUSIP: 60934N500<br>LEI: 254900WUIGYHOH89FC60 | Long             | STIV             | RF                | US        |   1344213 | NS      | $1344213.34   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                 | Fiserv Inc                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     10140 | NS      | $1024849.80   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                     | Skyworks Solutions Inc                     | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |      5976 | NS      | $544592.88    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank/CA                     | First Republic Bank/CA                     | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |      5094 | NS      | $620907.66    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp              | First American Financial Corp              | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     12910 | NS      | $675709.40    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                               | Oshkosh Corp                               | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     11323 | NS      | $998575.37    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                              | Westlake Corp                              | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |      7668 | NS      | $786276.72    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PerkinElmer Inc                            | PerkinElmer Inc                            | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |      7668 | NS      | $1075206.96   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software              | Take-Two Interactive Software Inc          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      6730 | NS      | $700794.90    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                   | Lamb Weston Holdings Inc                   | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     11439 | NS      | $1022189.04   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                 | Ciena Corp                                 | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     10104 | NS      | $515101.92    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                   | ICON PLC                                   | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      4929 | NS      | $957458.25    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                | Phillips 66                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      9670 | NS      | $1006453.60   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                         | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      3187 | NS      | $1132723.54   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                    | PTC Inc                                    | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      6975 | NS      | $837279.00    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc                      | Arrow Electronics Inc                      | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      7956 | NS      | $831958.92    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                    | KeyCorp                                    | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     28614 | NS      | $498455.88    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                 | Casey's General Stores Inc                 | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      5231 | NS      | $1173574.85   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                   | Ameriprise Financial Inc                   | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      4483 | NS      | $1395871.71   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Global Group Inc                     | Berry Global Group Inc                     | CUSIP: 08579W103<br>LEI: 549300G6KKUMMXM8NH73 | Long             | EC               | CORP              | US        |     17299 | NS      | $1045378.57   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                 | MasTec Inc                                 | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     10531 | NS      | $898610.23    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit             | Mid-America Apartment Communities Inc      | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      5940 | NS      | $932520.60    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                 | Southwest Gas Holdings Inc                 | CUSIP: 844895102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16534 | NS      | $1023123.92   | 2.31%             |  |  |  | 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