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Sterling Capital

Sterling Capital Parent Rating

Average

As Sterling Capital settles under its new owner, the firm continues to earn an Average Parent rating.

It has been nearly three years since Sterling Capital became an independent subsidiary of bank holding company Truist Financial, which was created by the 2019 merger between BB&T and Sun Trust. The firm has had a long history of corporate mergers. It underwent six control changes between 1973 and 2005 and has historically expanded into new product areas through acquisitions of smaller asset managers, such as Stratton in 2015. The resulting asset manager has some strong traits: turnover among its investment professionals is sparse, and investor incentive plans stress long-term performance. Yet fees remain mostly middling or above average across the complex, and few strategies have generated consistently attractive risk-adjusted returns relative to their cohorts.

The firm is looking to the future. Sterling is still looking to expand its product lineup through more bolt-on acquisitions, and it has organically launched two new exchange-traded funds from late 2020 through September 2022. Yet the success of these efforts, and of its ambitions to grow its footprint in the institutional investor channel, will take time to assess.

Sterling Capital Investments

Market

US Open-end ex MM ex FoF ex Feeder

Total Net Assets

4.84 Bil

Investment Flows (TTM)

−491.32 Mil

Asset Growth Rate (TTM)

−9.99%

# of Share Classes

67
Morningstar Rating # of Share Classes
3
17
21
15
11
Not Rated 0

Exchange-Traded Funds

See All Sterling Capital ETFs

Market

US ETFs

Total Net Assets

63.45 Mil

Investment Flows (TTM)

−2.48 Mil

Asset Growth Rate (TTM)

−3.92%

# of Share Classes

1
Morningstar Rating # of Share Classes
0
0
0
0
1
Not Rated 0
Name
Morningstar Rating Overall
5-Year Category Rank
Sterling Capital Focus Equity ETF

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