@hank: it may be too early to judge whether the ETF will outperform. In the case of Capital Group, the marketing materials discourage comparison with the OEFs, pointing out that the teams of managers are not the same and that the ETF is a new vehicle and is not intended to replicate an existing MF. I looked at the respective managers of CGGR and CGDV and discovered that each of the four have other MF assignments, but not necessarily in the same niche. In other words, the team members for CGGR, the growth vehicle, don’t work only on growth funds. Nor do the team members of CGDV work only on OEF dividend strategies. The teams represent diverse investment approaches and they appear to have many years of experience. From what M* says, each team member manages a slice of the pie, resulting in separate concentrated portfolios. Maybe other fund companies do something similar; in any event, the American/Capital record over the years inspires confidence. It may be a few years before we know how the transparent active fund performs in up and down market cycles compared to other funds structured traditionally.

Bank stocks like Citi and Bank of America have done terrible the past few years. Jamie and Jeff as in bezos selling stocks in their companies...why?? Not a good sign when banks struggle....
Cramer is a clown. Watching his comedy show is painful and is a great way to lose monies.
Big inflows into us stocks the past few weeks..who knows right? Still can get 5% plus and hike the trails or walk the beach for the next couple years without the excitement of the markets...
Good luck to all

https://www.sec.gov/Archives/edgar/data/889284/000139834423020930/fp0086050-1_497.htm
497 1 fp0086050-1_497.htm
Filed pursuant to 497(e)
File Nos. 033-49098 and 811-06719
STERLING CAPITAL FUNDS
SUPPLEMENT DATED NOVEMBER 21, 2023
TO THE CLASS A, CLASS C, AND INSTITUTIONAL SHARES SUMMARY PROSPECTUS, THE CLASS A AND CLASS C SHARES PROSPECTUS, THE INSTITUTIONAL AND CLASS R6 SHARES PROSPECTUS, AND THE STATEMENT OF ADDITIONAL INFORMATION,
EACH DATED FEBRUARY 1, 2023, AS SUPPLEMENTED
This Supplement provides the following amended and supplemental information and supersedes any information to the contrary in the Class A, Class C, and Institutional Shares Summary Prospectus, the Class A and Class C Shares Prospectus, the Institutional and Class R6 Shares Prospectus (collectively, the “Prospectuses”), and the Statement of Additional Information (“SAI”) each dated February 1, 2023, with respect to Sterling Capital SMID Opportunities Fund:
Sterling Capital SMID Opportunities Fund
The Board of Trustees of Sterling Capital Funds has given approval to a proposal by Sterling Capital Management LLC (“Sterling Capital”), the investment adviser to Sterling Capital SMID Opportunities Fund (the “Acquired Fund”), to effect the merger of the Acquired Fund into the Sterling Capital Mid Value Fund (“Acquiring Fund”) (the “Merger”) on or about January 26, 2023 (the “Merger Date”).
The Merger is expected to be a tax-free reorganization for federal income tax purposes. On the Merger Date, any investment in the Acquired Fund will, in effect, be exchanged for an investment with an equal aggregate net asset value in the Acquiring Fund. Therefore, as a result of the Merger, shareholders of the Acquired Fund will become shareholders of the Acquiring Fund. Acquired Fund shareholders will not pay any sales charges, purchase premiums, or redemption fees as a result of the Merger. Prior to the consummation of the Merger, the Acquired Fund expects to reposition certain of its portfolio holdings and expects that it will dispose of approximately 50% of its investments and invest the proceeds of such dispositions in securities currently held by the Acquiring Fund, or in other securities, cash and/or cash equivalents. Accordingly, the Acquired Fund may no longer be implementing its investment strategy in the time period leading up to the Merger. The Acquired Fund will incur transaction costs in connection with this repositioning, and the repositioning is expected to result in the recognition of net capital gains and the distribution of net capital gains to Acquired Fund shareholders. These distributions would be taxable to shareholders. You can find information about the Acquiring Fund and its investment policies and risks, including a prospectus, summary prospectus and Statement of Additional Information, online at sterlingcapital.com/investments/mutual-funds/. You can also get this information at no cost by emailing a request to [email protected], by calling 1-800-228-1872 or by asking your financial representative.
Acquired Fund shareholders will receive shares of the Acquiring Fund’s corresponding share class as part of the Merger. Each Fund’s Class C Shares are subject to a Contingent Deferred Sales Charge (CDSC) of 1.00% on such shares held for less than two years. Each Fund’s Class A Shares purchased in the amount of $1 million or more for which a front-end sales load waiver was received at the time of purchase also are subject to a CDSC of 1.00% on such shares held for less than two years. Class A Shares and Class C Shares received as a result of the Merger will continue to be subject to the CDSC schedule of the shares of the Acquired Fund you originally purchased.
Shareholder approval of the Merger is not required. At any time before the close of the Merger, you may redeem your shares as described in the Prospectuses. Such redemptions may be taxable transactions.
SHAREHOLDERS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE.
-1-
STAT-SUP-1123

@FD1000: thanks for your comment about Liberty Mutual. I had been a long-time Amica customer, but left them when I found they were completely inflexible on the premium. LM offered a decent deal to grads of my university, so I switched. After 15 years, I’m still satisfied but 2023 sticker shock lingers. Time to call a customer rep to see if they have some flexibility.

Be sure to ask for 'Bee-bu.' :)

@FD1000: thanks for your comment about Liberty Mutual. I had been a long-time Amica customer, but left them when I found they were completely inflexible on the premium. LM offered a decent deal to grads of my university, so I switched. After 15 years, I’m still satisfied but 2023 sticker shock lingers. Time to call a customer rep to see if they have some flexibility.

Be very careful out there when soliciting quotes.. I once asked an Allstate rep for a quote. Came in $300-400 less than State farm. Put it under the microscope. Asked why they left off uninsured motorist or something....oh we don't offer that in your area. Hmm
First point compare apples vs apples very carefully and second why switch if you're happy with the service to save a couple hundo? I'd have to save several hundo to even consider it
Lastly I did ask for Amica quote a few years back. Couldn't come anywhere close to state farm
Ymmv
Baseball fan

american family, I think it is, fka ameriprise, via costco
wait, maybe it's now called connect
v good, for many years (auto,home,umbrella), but thinking I shd get a quote from amica
also state farm
boy, are there a lot of comparison sites out there

CEFs But where do the perpetual type derive their value? (I’ve read the prospectuses on several and have owned both types.) If the assets will never be marketed (ie held into perpetuity) how can you or I know what our shares are really worth? It is, of course, common for CEFs to trade above or below their NAV. But in the case of “limited term” CEFs there is the assurance those assets will be put on the market some day. A perpetual CEF could in theory go on for 100 years just trading on some market determined value which might have little resemblance to the worth of its underlying assets. Nuts on the surface.
Maybe it’s the same as with common stocks. One does not “plan” for a company to be broken up and sold off in pieces. However, there is often a breakup value or book value to help support the share price. Is that the part I’m missing with perpetual CEFs?

These CEFs with special term-structures have evolved over 2-3 years. In about 12.0-13.5 years after inception, these CEFs will liquidate, but smaller residual CEFs may continue AFTER all shareholders who want to redeem have been redeemed. Prices will be whatever they are at the time of liquidation, but premiums/discounts should disappear. But in the recent bond selloff, these have been sold indiscriminately along with others. One problem is that many think of them as new CEFs, but they have much older perpetual CEF cousins, often run by the same managers.
Many firms have both - perpetual and special term CEFs. Several examples of CEFs with special term-structures:
Pimco PDO, PAXS
Nuveen NDMO, NMCO, NPFD
Thornburg TBLD
More info
https://ybbpersonalfinance.proboards.com/thread/22/funds-series?page=1&scrollTo=436
https://ybbpersonalfinance.proboards.com/thread/515/cefs-newer-term-structures-nuveen?page=1&scrollTo=1214

Having trouble getting my head around how the intrinsic “value” (now or in the future) to shareholders of perpetual CEFs works. In recent years there’s been a number of limited term CEFs opened (purely by way of example): Blackrock’s BCAT. The prospectus for this type of CEF sets a “liquidation date” in the future (perhaps 10 years) when the fund’s assets will be sold off and the shareholders paid based on NAV at that time. Usually there’s language to the effect that the board of directors / shareholders may at such time decide to extend the date of fund’s liquidation a number of years.
OK - That all makes sense to me. No matter how far above or below NAV the CEF is trading at any given time, shareholders know that if they hang on until the liquidation date they will receive the actual NAV of shares owned. But what about the other (perpetual) type? Is there any intrinsic value in the asset base / shares outstanding that is transferable to shareholders, or is it a game of charades? I’m sure someone smarter than me can answer that. Also, perhaps voice a preference for one type CEF or the other.
Thanks!

We have excellent insurance and credit rating. 2 cars ,home and umbrella is what we have. Was with Metropolitan for 20 years with multiple discounts. For curiosity got multiple quotes 7 years ago. Erie came out on top and always cheaper than Amica, State Farm, Allstate , Liberty Mutual, when checking yearly since then. Have been satisfied with Erie but they have stricter underwriting than the big guys as noted above.

Heard a bit about AMICA for insurance. Comments?

Amica has been rated by Consumer Report as the best insurance for decades now. I tried them several times. We have 3 insurance products auto, home, and umbrella and I need one company to handle all of them.
We had State Farm for 10+ years but they wanted to triple our auto insurance when the kids started to drive. I changed to Liberty for "only" 50% increase. My kids had several accidents and 3 totals, and Liberty was great. Liberty raised my auto insurance only once for 6 months. Every 3-5 years my agent was able to keep it low by writing a new auto policy, but Liberty got rid of the local agents and I had to fight myself.
Earlier this year, Liberty wanted to increase our auto insurance by 50%, after about 20 years I changed to Allstate at only a 20% increase.
Every time I called Amica, they could match only the Umbrella(which is the simplest) but not the auto + home insurance (at least double +).

A deductible is the amount you have to pay before any insurance kicks in. The highest deductible a Part D plan is allowed to have is $545; some may have lower deductibles.
https://www.medicare.gov/drug-coverage-part-d/costs-for-medicare-drug-coverage/yearly-deductible-for-drug-plans
After you pay the deductible, then you are charged copay (fixed dollar amount) or coinsurance (percentage of the negotiated cost). This is called the "initial phase". Once you've paid $5030 for drugs (including the deductible) you enter the "gap coverage phase" aka the "donut hole".
https://www.medicare.gov/drug-coverage-part-d/costs-for-medicare-drug-coverage/copaymentcoinsurance-in-drug-plans
These are all 2024 figures. 2023 figures are a bit lower.
Here's an inexpensive (50¢/mo premium) Part D plan in Honolulu. It has a $545 deductible; after that it charges 50% for non-preferred brand name drugs. Assuming you've met your deductible, then for a non-preferred brand name drug that cost $800, you'd pay $400 and the insurer would pay the rest.
Wellcare Value Script S4802-164-0
Another plan might have a $100/mo copay for non-preferred brand name drugs. In such a plan, once you met the deductible, you'd pay $300 for a 90 day supply of the drug.
Is this extortion? That's an economic, a business, and a political question. If you have investments in pharmaceutical companies, you are getting some benefit from this system. Not nearly as much as it is costing you on the consumer side, but this is the system that was set up in 2003.

In a poll taken in the week that President Bush signed the new Medicare law, 47 percent of senior citizens opposed the changes, and only 26 percent voiced their approval. Among people of all ages who said they were closely following the Medicare debate, 56 percent said they disapproved of the legislation, and 39 percent supported it (ABC News/Washington Post Poll 2003).
...
Pharmaceutical manufacturers could now expect a higher demand from their best customers, and they prevailed on all three of their priority issues: no direct administration of benefits by the federal government, no explicit cost control measures, and no legalization of drug reimportation.

A Political History of Medicare and Prescription Drug Coverage, 2004.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2690175/
Only now, 20 years later, are we beginning to see changes. The $2K out of pocket cap doesn't become effective until 2025.

https://www.kff.org/medicare/issue-brief/how-will-the-prescription-drug-provisions-in-the-inflation-reduction-act-affect-medicare-beneficiaries/

Definitely need to look at the financial strength of the insurance company you go with....what is also whacked is that the insurance business is something like your cable company...the newer customers get the best deals (or so it seems?) You'd have to be naive that someone like me who has been with State Farm for over 46 years..you think they don't have algo's that know exactly how much they can raise me every year and I won't shop them/leave? They tell me I am grandfathered in with my type of coverage and wouldn't get the same policy if I started new with them today. Also as I own 3 homes in different states and 4 automobiles with a rather large umbrella policy, I do like that they have national representation/coverage. Always, always great service with State Farm.
What I don't like is all the monies being spent on the sport ballers/commercials.
What I do recommend, go to a high end body shop and ask the owner of what insurance company provides the best service, doesn't always push for offshore crap part replacement, pays right away etc, sometimes lowest price is not best value. The body shop in my major metro area that works on all the Ferrari's Porsche's etc..told me the best insurance companies were State Farm, Chubb and Amica. Chubb is for ballers/very high worth folks, not for the common folk...
BTW, even more off topic...the guys who work there get to drive all the high end cars...best all time next level I am told is a 2005 Ford GT...blows everything else out of the water...
My wife's ex boss who retired as a very high level executive for a Fortune 500 company always shopped for insurance every year and went with the top rated/lowest quotes every year...he prolly saved a bunch of money doing that...insurance companies must know that human nature has inertia built into it and take advantage.
I do think I'm going to get a quote from Erie just out of curiousity...
Best Regards,
Baseball Fan

Sold my 3 stocks yesterday. Too damned much volatility for this OF. Dumped the money into Franklin’s new conservative / moderate risk multi-asset ETF - INCM. .38% ER. Untested. But the 3 person team running it has had pretty good success operating FKIQX for several years.

Yeah. It’s a state by state issue. I like my local insurance agent with 5-day a week walk in or call service. Took great care of me after a big truck rear ended my rented car in Florida 10 years ago. (“No-fault” state). I never add the optional rental insurance. Was glad they stepped in and covered the full cost of the car which was totaled. If you wreck a rental, the company really inflates that “cost” thru various gimmicks.
I was in the office with her as we walked through the various deductibles & savings. Struck a happy medium. Helped in my case. The ‘18 hybrid has higher rates due in large measure to: (1) being more expensive to repair and (2) higher incidence of pedestrian related deaths / injuries due to how quiet they are at low speeds. Goodness. Electric cars must have the same problem.

I increased auto deductible to reduce premium at the last big increase.

I went from $1,000 to $2500 collision deductible to save when bought my last new car in 2018. The agent seemed to think that’s high.
@Devo said “Cumulative inflation”. That’s how I look at it too. Similar to how interest compounds year to year. Didn’t Einstein call compound interest the 8th wonder of the world?
I don’t want to pee rain on anybody’s parade. Views differ on this. @msf has documented very well the actual inflation rate based on the CPI index and has explained in past threads how that index is maintained / calculated. I wouldn’t argue with him.
I think we do tend to react more to increases on prices of items we buy more than we do to reduced prices on what we buy. From what I hear there’s a glut of chicken & pork right now. Prices are down from a year ago. On the other hand, what in #@*# has happened to the cost of a bag of coffee? As an occasional scotch drinker, I’ve noticed that prices have remained very stable in my state for the past 5+ years. A bottle of JWB can still be had here for under $40, where it’s been for most of the past decade. Maybe drink more scotch and less coffee?

I am keen to have this lived experience and see how it works out over the next few years. Cummulative inflation has been huge, money has been debased by 20% and we are talking about fed rate cuts. Lots to learn.

@hank : I have to ask , did you get your toilet at amazon ?

@Derf - You remember the toilet saga from about 2 years ago? Yes, after 2 arrived smashed up in boxes (one from Amazon and one from Lowe’s I drove to an area dealer and picked up an unbroken one. Amazon told me not to return theirs, but refunded the money. The UPS driver detected the sound of broken glass on the one from Lowe’s and returned it.
@WABC - Yes. Have had good luck with EBay.

@Baseball_Fan - Yep. Saw a bunch go over my home after dark 2-3 years ago. Just stunning. Never seen anything like it. That’s usually a day or two after launch when they’re relatively low and bunched together. Over time they disperse and, I believe, get higher up. Kripes - He sends up 60 or more at a time. Glad you got to see them.
Lots of images on the internet. I’ve linked an especially brilliant one filmed over India. There’s also a thread running in the OT section on “Starship”, Musk’s latest technological amusement.

Also - How to Buy SpaceX Stock