0000889284
2019-05-22
2019-05-22
0000889284
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2019-05-22
2019-05-22
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2018-09-30
STERLING CAPITAL FUNDS
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2019-05-22
2019-05-22
2019-02-01
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center"><b>STERLING CAPITAL FUNDS</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center"><b> </b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center"><b>SUPPLEMENT DATED MAY 22, 2019</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center"><b>TO THE</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center"><b>CLASS A AND CLASS C SHARES PROSPECTUS AND
THE</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center"><b>INSTITUTIONAL, CLASS R AND CLASS R6 SHARES
PROSPECTUS</b><font style="text-transform: uppercase">,</font></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center"><font style="text-transform: uppercase"><b>DATED
FEBRUARY 1, 2019</b></font></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center"><font style="text-transform: uppercase"><b> </b></font></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: justify"><b>This Supplement provides the following amended
and supplemental information and supersedes any information to the contrary in the Class A and Class C Shares Prospectus (the "Retail
Prospectus") and the Institutional, Class R and Class R6 Shares Prospectus (the "Institutional Prospectus"), each dated
February 1, 2019, with respect to Sterling Capital Total Return Bond Fund:</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"><b> </b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"><b><u>Change in Investment Strategies</u></b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in">Effective immediately, the first paragraph of Sterling Capital Total
Return Bond Fund's "Principal Strategy" section is replaced with the following:</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in 0.5in; text-align: justify">The Fund seeks above-average total
return through any combination of current income and capital appreciation. To pursue its investment objective, the Fund will invest,
under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in a diversified portfolio of
bonds, including: securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, corporate bonds, asset-backed
securities, mortgage-backed securities, including commercial mortgage-backed securities and collateralized mortgage obligations,
municipal securities, and convertible securities. All securities will be U.S. dollar-denominated although the Fund may invest in
U.S. dollar-denominated foreign and emerging market securities. The Fund will invest in securities that are investment grade (rated
at the time of purchase in one of the four highest rating categories by a nationally recognized statistical rating organization
("NRSRO"), or are determined by the portfolio manager to be of comparable quality).</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"><b>Change in Principal Risks</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in">Effective immediately, "High-Yield/High-Risk Debt Securities"
risk is removed from Sterling Capital Total Return Bond Fund's "Principal Risks" section.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"><b><u>Change in Investment Practices</u></b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"><b> </b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in">Effective immediately, the "Investment Practices" table
on page 162 of the Retail Prospectus and page 214 of the Institutional Prospectus will no longer reflect that Sterling Capital
Total Return Bond Fund may use High-Yield/High-Risk Debt Securities as a part of either its principal or non-principal strategy.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center">SHAREHOLDERS SHOULD RETAIN THIS SUPPLEMENT</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center">WITH THE PROSPECTUS FOR FUTURE REFERENCE.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in; text-align: center"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in">STATSUP-0519-1</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0in"> </p>
N-1A