Sterling
Capital
Behavioral
Large
Cap
Value
Equity
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
97.25%
Advertising
&
Marketing
—
0.42%
$
4,445
Omnicom
Group,
Inc.
$
323,729
Aerospace
&
Defense
—
1.28%
1,932
Lockheed
Martin
Corporation,
B
984,277
Air
Freight
&
Logistics
—
3.22%
3,758
FedEx
Corporation
1,176,742
11,987
United
Parcel
Service,
Inc.,
B
1,288,602
2,465,344
Automobiles
—
1.62%
6,163
Ford
Motor
Co.
85,665
15,083
General
Motors
Co.
1,162,597
1,248,262
Banking
—
1.65%
22,271
Bank
of
America
Corporation
1,269,002
Banks
—
7.87%
13,527
Citigroup,
Inc.
1,893,238
4,143
JPMorgan
Chase
&
Co.
1,356,128
5,726
PNC
Financial
Services
Group,
Inc.
1,409,856
22,879
U.S.
Bancorp
1,381,892
6,041,114
Biotechnology
—
2.64%
3,748
Amgen,
Inc.
1,357,226
2,030
Exelixis,
Inc.
(a)
110,452
894
Regeneron
Pharmaceuticals,
Inc.
557,445
2,025,123
Broadline
Retail
—
0.73%
444
Dillard's,
Inc.,
Class
A
234,618
13,924
Macy's,
Inc.
327,911
562,529
Capital
Markets
—
6.98%
8,524
Bank
of
New
York
Mellon
Corp.
(The)
1,232,656
9,422
Charles
Schwab
Corp.
(The)
869,368
10,048
Franklin
Resources,
Inc.
334,297
10,870
Invesco
Ltd.
286,859
7,505
Morgan
Stanley
1,568,845
1,748
Northern
Trust
Corp.
303,872
2,226
State
Street
Corp.
377,530
6,314
Virtu
Financial,
Inc.,
Class
A
376,125
5,349,552
Chemicals
—
1.06%
5,542
Celanese
Corporation
254,932
2,576
CF
Industries
Holdings,
Inc.
278,878
5,310
LyondellBasell
Industries
N.V.,
A
279,571
813,381
Sterling
Capital
Behavioral
Large
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Communications
Equipment
—
0.50%
$
3,286
Cisco
Systems,
Inc.
$
385,974
Consumer
Staples
Distribution
&
Retail
—
0.73%
1,970
Dollar
General
Corp.
226,767
1,832
Dollar
Tree,
Inc.
(a)
221,580
2,290
Maplebear
Inc.
(a)
108,432
556,779
Diversified
Telecommunication
Services
—
3.45%
53,749
AT&T,
Inc.
1,112,604
36,115
Verizon
Communications,
Inc.
1,529,109
2,641,713
Electric
Utilities
—
5.37%
9,667
American
Electric
Power
Co.,
Inc.
1,322,542
4,669
Black
Hills
Corp.
347,374
8,665
Duke
Energy
Corp.
1,096,816
4,037
Edison
International
300,555
3,843
Evergy,
Inc.
332,150
4,320
NextEra
Energy,
Inc.
379,166
6,590
Portland
General
Electric
Co.
341,560
4,120,163
Electrical
Equipment
—
0.46%
7,375
Sensata
Technologies
Holding
PLC
352,083
Electronic
Equipment,
Instruments
&
Components
—
0.15%
4,110
Ingram
Micro
Holding
Corporation
112,737
Financial
Services
—
0.42%
8,619
Radian
Group,
Inc.
324,678
Food
Products
—
0.78%
5,658
Darling
Ingredients,
Inc.
(a)
309,040
11,806
Smithfield
Foods
Inc.
286,414
595,454
Health
Care
Providers
&
Services
—
8.50%
4,326
Cigna
Group
(The)
1,192,592
14,983
CVS
Health
Corp.
1,549,991
1,440
Elevance
Health,
Inc.
556,891
2,030
HCA
Healthcare,
Inc.
791,477
1,441
McKesson
Corp.
1,088,820
3,223
UnitedHealth
Group,
Inc.
1,339,575
6,519,346
Health
Care
REITs
—
0.31%
4,989
Omega
Healthcare
Investors,
Inc.
237,876
Hotel
&
Resort
REITs
—
0.99%
14,501
Host
Hotels
&
Resorts,
Inc.
343,819
29,167
Park
Hotels
&
Resorts,
Inc.
415,629
759,448
Sterling
Capital
Behavioral
Large
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Hotels,
Restaurants
&
Leisure
—
0.82%
$
1,354
Expedia,
Inc.
$
346,461
3,685
Travel
+
Leisure
Co.
281,645
628,106
Household
Products
—
0.91%
3,309
Colgate-Palmolive
Co.
303,369
14,679
Reynolds
Consumer
Products,
Inc.
394,131
697,500
Insurance
—
4.08%
1,892
Allstate
Corp.
450,182
3,173
Chubb
Ltd.
1,081,168
4,746
First
American
Financial
Corp.
325,528
3,861
Travelers
Cos.,
Inc.
(The)
1,274,594
3,131,472
Machinery
—
2.37%
2,920
Allison
Transmission
Holdings,
Inc.
329,201
1,454
Cummins,
Inc.
1,037,007
3,756
PACCAR,
Inc.
451,171
1,817,379
Media
—
1.50%
5,119
Fox
Corporation,
Class
A
267,007
4,953
Fox
Corporation,
Class
B
231,999
1,607
Nexstar
Media
Group,
Inc.
286,994
12,460
Sirius
XM
Holdings,
Inc.
368,068
1,154,068
Metals
&
Mining
—
2.68%
3,806
Anglogold
Ashanti
PLC
307,867
9,731
Newmont
Goldcorp
Corp.
908,876
4,791
Southern
Copper
Corp.
834,857
2,051,600
Oil
&
Gas
Producers
—
2.13%
12,530
ConocoPhillips
1,302,618
4,721
HF
Sinclair
Corporation
328,818
1,631,436
Oil,
Gas
&
Consumable
Fuels
—
8.93%
7,289
Chevron
Corp.
1,208,225
2,193
Chord
Energy
Corp.
250,660
8,570
EOG
Resources,
Inc.
1,111,786
368
Exxon
Mobil
Corp.
50,313
4,999
Marathon
Petroleum
Corp.
1,278,095
5,047
Ovintiv,
Inc.
265,725
14,384
Permian
Resources
Corp.,
Class
A
264,809
6,864
Phillips
66
1,160,359
4,826
Valero
Energy
Corp.
1,256,883
6,846,855
Pharmaceuticals
—
5.50%
25,477
Bristol-Myers
Squibb
Co.
1,467,985
Sterling
Capital
Behavioral
Large
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Pharmaceuticals
—
(continued)
$
1,528
Jazz
Pharmaceuticals
PLC
(a)
$
368,202
198
Johnson
&
Johnson
50,286
15,360
Merck
&
Co.,
Inc.
1,973,760
22,455
Viatris,
Inc.
356,585
4,216,818
Retail
REITs
—
2.01%
6,685
Realty
Income
Corp.
414,203
5,054
Simon
Property
Group,
Inc.
1,130,327
1,544,530
Semiconductors
—
1.26%
3,435
NXP
Semiconductors
N.V.
965,338
Semiconductors
&
Semiconductor
Equipment
—
3.90%
1,989
Cirrus
Logic,
Inc.
(a)
295,426
696
Lam
Research
Corp.
301,598
2,077
Micron
Technology,
Inc.
2,397,460
2,994,484
Software
—
2.83%
5,190
Adobe,
Inc.
(a)
1,064,054
2,164
BILL
Holdings,
Inc.
(a)
78,250
7,405
RingCentral,
Inc.,
Class
A
288,647
2,650
salesforce.com,
Inc.
415,149
9,304
Teradata
Corporation
(a)
322,384
2,168,484
Specialized
REITs
—
0.42%
5,493
EPR
Properties
318,649
Specialty
Finance
—
0.38%
6,318
Ally
Financial,
Inc.
290,312
Specialty
Retail
—
0.89%
9,926
Gap,
Inc.
(The)
185,418
2,327
Ross
Stores,
Inc.
495,302
680,720
Technology
Hardware,
Storage
&
Peripherals
—
4.47%
3,876
Dell
Technologies,
Inc.,
Class
C
1,672,338
520
Sandisk
Corp
(a)
1,182,340
889
Western
Digital
Corp.
567,822
3,422,500
Technology
Services
—
0.24%
8,799
Amentum
Holdings,
Inc.
(a)
181,875
Textiles,
Apparel
&
Luxury
Goods
—
0.52%
3,276
Crocs,
Inc.
(a)
395,217
Tobacco
—
1.85%
19,823
Altria
Group,
Inc.
1,426,265
Sterling
Capital
Behavioral
Large
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Wholesale
-
Consumer
Staples
—
0.43%
$
4,276
Archer-Daniels-Midland
Company
$
326,686
Total
Common
Stocks
(Cost $60,463,761)
74,578,858
EXCHANGE-TRADED
FUNDS
—
0.46%
1,450
iShares
Russell
1000
Value
ETF
351,524
Total
Exchange-Traded
Funds
(Cost $343,600)
351,524
REIT
—
0.08%
Equity
Real
Estate
-Investment
Trusts
—
0.08%
883
WP
Carey,
Inc.
63,135
Total
Reit
(Cost $65,750)
63,135
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
2.15%
1,649,469
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(b)
1,649,469
Total
Money
Market
Funds
(Cost
$1,649,469)
1,649,469
Total
Investments—
99.94%
(Cost
$62,522,580)
76,642,986
Other
Assets
in
Excess
of
Liabilities
—
0.06%
42,557
NET
ASSETS
—
100.00%
$
76,685,543
(a)
Non-income
producing
security.
(b)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Behavioral
Small
Cap
Value
Equity
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
98.96%
Automobile
Components
—
1.01%
$
17,883
Dana,
Inc.
$
486,597
3,091
LCI
Industries
327,275
813,872
Automotive
—
1.60%
4,580
BorgWarner,
Inc.
304,112
44,591
Dauch
Corporation
(a)
241,683
1,954
Lear
Corp.
261,953
5,849
Phinia
,
Inc.
481,783
1,289,531
Banks
—
18.19%
4,028
1st
Source
Corp.
328,604
1,650
ACNB
Corporation
97,977
16,260
Associated
Banc-Corp.
500,320
10,195
BankUnited,
Inc.
493,948
4,516
Burke
&
Herbert
Financial
Services
Corp.
324,520
8,741
Business
First
Bancshares,
Inc.
268,611
8,653
Byline
Bancorp,
Inc.
325,872
11,374
California
BanCorp
237,034
7,720
Capital
Bancorp,
Inc.
271,126
8,800
Carter
Bankshares
,
Inc.
299,288
7,355
Cathay
General
Bancorp
455,936
8,060
ChoiceOne
Financial
Services,
Inc.
274,040
9,319
Civista
Bancshares,
Inc.
262,982
9,186
CNB
Financial
Corp.
309,660
3,150
Columbia
Banking
System,
Inc.
100,958
4,605
Community
Trust
Bancorp,
Inc.
333,218
4,771
Customers
Bancorp,
Inc.
(a)
377,386
10,190
Eagle
Bancorp
Montana,
Inc.
243,847
5,405
Enterprise
Financial
Services
Corp.
356,081
7,290
Financial
Institutions,
Inc.
284,091
4,260
First
Business
Financial
Services,
Inc.
269,104
3,839
First
Financial
Corp.
297,292
6,109
First
Mid-Illinois
Bancshares,
Inc.
293,782
21,070
Fulton
Financial
Corp.
509,684
9,236
Hanmi
Financial
Corp.
299,246
3,666
Home
Bancorp,
Inc.
251,194
7,590
Independent
Bank
Corp.
Michigan
273,771
31,250
Kearny
Financial
Corp.
295,625
5,074
Mercantile
Bank
Corp.
291,349
3,090
Metropolitan
Bank
Holding
Corp.
305,168
2,130
Northeast
Bank
282,289
17,960
Northfield
Bancorp,
Inc.
264,551
13,630
Northpointe
Bancshares,
Inc.
261,423
7,510
OFG
Bancorp
368,516
12,450
Old
Second
Bancorp,
Inc.
290,334
6,337
Orrstown
Financial
Services,
Inc.
258,740
Sterling
Capital
Behavioral
Small
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Banks
—
(continued)
$
4,250
Peoples
Financial
Services
Corp.
$
282,073
1,561
Popular,
Inc.
256,285
2,812
Preferred
Bank
298,803
16,088
Provident
Financial
Services,
Inc.
380,320
10,080
RBB
Bancorp
276,343
14,089
Shore
Bancshares,
Inc.
323,343
3,540
Tompkins
Financial
Corporation
334,601
4,500
Unity
Bancorp,
Inc.
264,105
10,010
Univest
Financial
Corp.
437,938
9,090
Valley
National
Bancorp
133,169
10,670
WaFd
,
Inc.
409,408
4,288
Zions
Bancorp.
296,687
14,650,642
Biotech
&
Pharma
—
0.38%
13,512
Innoviva
,
Inc.
(a)
306,858
Broadline
Retail
—
0.33%
11,431
Macy's,
Inc.
269,200
Chemicals
—
2.93%
2,144
Cabot
Corp.
194,718
2,614
CF
Industries
Holdings,
Inc.
282,992
1,527
DuPont
de
Nemours,
Inc.
207,077
31,275
Ecovyst
,
Inc.
(a)
389,373
3,432
Ingevity
Corp.
(a)
256,267
6,807
Intrepid
Potash,
Inc.
(a)
223,133
23,260
LSB
Industries,
Inc.
(a)
251,441
3,890
LyondellBasell
Industries
N.V.,
A
204,809
17,330
Olin
Corporation
343,480
2,353,290
Commercial
Services
&
Supplies
—
2.37%
2,040
Brink's
Company
(The)
192,760
3,223
Cimpress
plc
(a)
327,779
10,240
Deluxe
Corp.
244,531
17,977
Interface,
Inc.
644,295
28,536
Pitney
Bowes
Inc.
499,950
1,909,315
Commercial
Support
Services
—
0.44%
14,534
Healthcare
Services
Group,
Inc.
(a)
356,955
Construction
&
Engineering
—
2.28%
2,690
Granite
Construction,
Inc.
425,235
3,673
NWPX
Infrastructure,
Inc.
(a)
550,730
10,391
Tutor
Perini
Corp.
862,141
1,838,106
Consumer
Finance
—
2.29%
7,249
Bread
Financial
Holdings,
Inc.
785,429
4,190
Encore
Capital
Group,
Inc.
(a)
390,885
Sterling
Capital
Behavioral
Small
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Consumer
Finance
—
(continued)
$
2,080
Nelnet,
Inc.,
A
$
277,326
5,075
Synchrony
Financial
385,954
1,839,594
Consumer
Staples
Distribution
&
Retail
—
0.52%
9,243
United
Natural
Foods,
Inc.
(a)
422,128
Containers
&
Packaging
—
0.33%
55,744
Ardagh
Metal
Packaging
SA
264,227
Distributors
—
0.34%
6,630
Gold.com,
Inc.
275,874
Diversified
Consumer
Services
—
0.55%
13,741
Perdoceo
Education
Corp.
439,712
Electric
Utilities
—
1.03%
3,641
Edison
International
271,072
5,113
Otter
Tail
Corp.
460,068
1,880
Portland
General
Electric
Co.
97,440
828,580
Electrical
Equipment
—
0.34%
10,670
Kimball
Electronics,
Inc.
(a)
273,152
Electronic
Equipment,
Instruments
&
Components
—
1.88%
8,250
Ingram
Micro
Holding
Corporation
226,298
3,750
PC
Connection,
Inc.
273,713
2,824
Sanmina
Corporation
(a)
714,697
5,728
ScanSource,
Inc.
(a)
298,371
1,513,079
Equity
Real
Estate
Investment
Trusts
(REITs)
—
0.75%
13,119
Alpine
Income
Property
Trust,
Inc.
272,350
13,271
American
Assets
Trust,
Inc.
327,661
600,011
Financial
Services
—
2.98%
7,891
Bladex,
Inc.,
Class
E
485,060
4,749
Enact
Holdings,
Inc.
217,077
7,867
Jackson
Financial
Corp.
805,502
26,481
Pagseguro
Digital
Ltd.,
Class
A
239,653
11,988
Radian
Group,
Inc.
451,588
10,727
Velocity
Financial,
Inc.
(a)
198,020
2,396,900
Food
—
0.26%
15,834
Herbalife
Ltd.
(a)
208,217
Food
Products
—
0.87%
47,630
B&G
Foods,
Inc.
189,567
4,350
Darling
Ingredients,
Inc.
(a)
237,597
11,300
Smithfield
Foods
Inc.
274,138
701,302
Sterling
Capital
Behavioral
Small
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Gas
Utilities
—
0.55%
$
3,207
National
Fuel
Gas
Co.
$
247,612
3,440
New
Jersey
Resources
Corp.
192,778
440,390
Ground
Transportation
—
0.96%
2,930
Ryder
System,
Inc.
772,846
Health
Care
Equipment
&
Supplies
—
0.81%
4,548
Inmode
Ltd.
(a)
66,492
7,770
Omnicell,
Inc.
(a)
322,610
8,770
Tactile
Systems
Technology,
Inc.
(a)
261,171
650,273
Health
Care
Facilities
&
Services
—
1.17%
22,686
Pediatrix
Medical
Group,
Inc.
(a)
574,636
12,637
Progyny,
Inc.
(a)
364,325
938,961
Health
Care
Providers
&
Services
—
4.39%
25,464
AdaptHealth
Corp.
(a)
265,335
13,460
AMN
Healthcare
Services,
Inc.
(a)
435,700
7,750
Astrana
Health,
Inc.
(a)
359,678
6,290
Centene
Corp.
(a)
403,755
1,554
DaVita,
Inc.
(a)
345,734
2,811
Encompass
Health
Corp.
284,136
1,605
Nutex
Health,
Inc.
(a)
274,278
7,019
PACS
Group,
Inc.
(a)
299,290
17,120
Surgery
Partners,
Inc.
(a)
287,616
1,918
Tenet
Healthcare
Corp.
(a)
358,819
1,489
Universal
Health
Services,
Inc.,
Class
B
221,399
3,535,740
Health
Care
Technology
—
0.69%
24,900
Phreesia,
Inc.
(a)
256,221
35,693
Teladoc
Health,
Inc.
(a)
302,677
558,898
Hotel
&
Resort
REITs
—
2.31%
27,875
Apple
Hospitality
REIT,
Inc.
468,579
31,495
DiamondRock
Hospitality
Co.
383,609
11,438
Host
Hotels
&
Resorts,
Inc.
271,195
31,210
Park
Hotels
&
Resorts,
Inc.
444,743
24,520
RLJ
Lodging
Trust
290,562
1,858,688
Hotels,
Restaurants
&
Leisure
—
0.71%
4,280
BJ's
Restaurants,
Inc.
(a)
259,946
33,800
Bloomin'
Brands,
Inc.
308,932
568,878
Household
Durables
—
0.78%
10,290
Helen
of
Troy
Ltd.
(a)
299,130
8,240
La-Z-Boy,
Inc.
330,589
629,719
Sterling
Capital
Behavioral
Small
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Household
Products
—
1.15%
$
4,920
Central
Garden
&
Pet
Co.
(a)
$
218,153
9,070
Central
Garden
&
Pet
Co.,
Class
A
(a)
351,644
4,080
Spectrum
Brands
Holdings,
Inc.
349,860
919,657
Independent
Power/Renewable
Electricity
Producers
—
0.37%
25,550
NextEra
Energy
Partners
LP
(a)
301,746
Industrial
Intermediate
Prod
—
0.37%
1,897
AZZ,
Inc.
294,130
Industrial
REITs
—
0.43%
5,621
Innovative
Industrial
Properties,
Inc.
348,390
Industrial
Support
Services
—
0.33%
12,732
Titan
Machinery,
Inc.
(a)
268,900
Insurance
—
4.79%
3,360
Axis
Capital
Holdings
Ltd.
360,998
12,890
Fidelis
Insurance
Holdings
Ltd.
313,872
3,570
First
American
Financial
Corp.
244,866
1,380
HCI
Group,
Inc.
241,845
5,902
Lincoln
National
Corp.
208,636
3,340
Mercury
General
Corporation
356,111
2,130
Principal
Financial
Group,
Inc.
229,571
1,003
Reinsurance
Group
of
America,
Inc.
213,288
743
RenaissanceRe
Holdings,
Ltd.
235,457
15,047
SiriusPoint
Ltd.
(a)
361,128
15,970
Slide
Insurance
Holdings,
Inc.
(a)
309,339
7,942
United
Fire
Group,
Inc.
416,479
8,932
Universal
Insurance
Holdings,
Inc.
369,428
3,861,018
Internet
Media
&
Services
—
0.63%
7,511
EverQuote
,
Inc.
(a)
178,687
14,400
Lyft,
Inc.,
Class
A
(a)
210,383
13,569
Upwork,
Inc.
(a)
113,437
502,507
IT
Services
—
0.30%
3,050
EPAM
Systems,
Inc.
(a)
242,018
Leisure
Facilities
&
Services
—
0.41%
6,250
Cracker
Barrel
Old
Country
Store,
Inc.
333,125
Leisure
Products
—
0.81%
21,240
Callaway
Golf
Company
(a)
399,099
16,790
Smith
&
Wesson
Brands,
Inc.
252,522
651,621
Life
Sciences
Tools
&
Services
—
0.34%
15,760
Fortrea
Holdings,
Inc.
(a)
274,224
Sterling
Capital
Behavioral
Small
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Machinery
—
1.48%
$
1,853
AGCO
Corp.
$
221,804
3,971
Blue
Bird
Corporation
(a)
313,550
11,032
Kennametal,
Inc.
386,672
5,320
Miller
Industries
Inc
272,118
1,194,144
Marine
Transportation
—
1.00%
1,660
Kirby
Corp.
(a)
225,710
3,010
Matson,
Inc.
578,613
804,323
Media
—
1.79%
4,468
Fox
Corporation,
Class
A
233,051
4,079
Fox
Corporation,
Class
B
191,060
870
Nexstar
Media
Group,
Inc.
155,373
20,670
PubMatic,
Inc.,
Class
A
(a)
271,190
6,400
Scholastic
Corp.
294,401
39,440
Stagwell
,
Inc.
(a)
293,039
1,438,114
Metals
&
Mining
—
1.52%
10,772
Compass
Minerals
International,
Inc.
(a)
335,332
14,580
Constellium
SE
(a)
464,665
15,090
SSR
Mining,
Inc.
(a)
426,745
1,226,742
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
1.66%
30,690
Adamas
Trust,
Inc.
287,872
22,500
AGNC
Investment
Corp.
245,250
9,840
Annaly
Capital
Management,
Inc.
220,022
19,890
ARMOUR
Residential
REIT,
Inc.
347,081
25,410
Rithm
Capital
Corp.
238,600
1,338,825
Multi-Utilities
—
0.87%
10,770
Avista
Corp.
440,601
4,960
Unitil
Corporation
261,342
701,943
Office
REITs
—
0.96%
6,344
Kilroy
Realty
Corp.
237,710
4,732
NNN
REIT,
Inc.
220,180
7,936
Vornado
Realty
Trust
311,884
769,774
Oil
&
Gas
Producers
—
0.77%
6,030
California
Resources
Corp.
318,806
4,364
HF
Sinclair
Corporation
303,953
622,759
Oil
&
Gas
Services
&
Equipment
—
0.45%
39,540
Patterson-UTI
Energy,
Inc.
362,977
Oil,
Gas
&
Consumable
Fuels
—
4.18%
8,135
APA
Corp.
264,957
Sterling
Capital
Behavioral
Small
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Oil,
Gas
&
Consumable
Fuels
—
(continued)
$
1,900
Chord
Energy
Corp.
$
217,170
38,030
Crescent
Energy
Co.,
Class
A
373,455
4,460
Ovintiv
,
Inc.
234,819
7,200
Par
Pacific
Holdings,
Inc.
(a)
403,776
12,670
Permian
Resources
Corp.,
Class
A
233,255
5,589
Scorpio
Tankers,
Inc.
387,094
22,950
SM
Energy
Co.
598,995
25,134
Talos
Energy,
Inc.
(a)
324,480
4,935
Teekay
Tankers
Ltd.,
Class
A
320,133
3,358,134
Paper
&
Forest
Products
—
0.37%
25,240
Magnera
Corp.
(a)
296,570
Passenger
Airlines
—
0.77%
2,640
Allegiant
Travel
Co.
(a)
310,464
2,291
United
Continental
Holdings,
Inc.
(a)
311,553
622,017
Pharmaceuticals
—
2.30%
9,261
Amphastar
Pharmaceuticals,
Inc.
(a)
186,887
7,955
Harmony
Biosciences
Holdings,
Inc.
(a)
289,642
1,736
Jazz
Pharmaceuticals
PLC
(a)
418,323
12,550
Pacira
Pharmaceuticals,
Inc./DE
(a)
318,394
6,553
Royalty
Pharma
PLC,
Class
A
367,426
17,129
Viatris
,
Inc.
272,009
1,852,681
Professional
Services
—
0.28%
7,346
IBEX
Holdings
Ltd
(a)
223,098
Real
Estate
Management
&
Development
—
0.69%
9,598
Forestar
Group,
Inc.
(a)
303,777
12,178
RMR
Group,
Inc.
(The),
Class
A
250,014
553,791
Retail
-
Discretionary
—
1.38%
19,860
Kohl's
Corp.
351,919
6,140
Rush
Enterprises,
Inc.,
Class
A
448,129
3,660
Sonic
Automotive,
Inc.,
Class
A
310,331
1,110,379
Semiconductors
&
Semiconductor
Equipment
—
1.65%
5,159
Amkor
Technology,
Inc.
444,860
1,707
Cirrus
Logic,
Inc.
(a)
253,541
12,776
Photronics
,
Inc.
(a)
415,603
3,171
Skyworks
Solutions,
Inc.
214,994
1,328,998
Software
—
3.43%
7,190
BILL
Holdings,
Inc.
(a)
259,990
9,198
Consensus
Cloud
Solutions,
Inc.
(a)
350,904
15,250
Five9,
Inc.
(a)
325,130
Sterling
Capital
Behavioral
Small
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Software
—
(continued)
$
26,360
Freshworks
,
Inc.,
Class
A
(a)
$
266,763
7,784
GigaCloud
Technology
Inc,
Class
A
(a)
245,974
9,970
Progress
Software
Corporation
(a)
334,793
9,338
RingCentral,
Inc.,
Class
A
363,995
10,851
Teradata
Corporation
(a)
375,988
2,700
Zoom
Video
Communications,
Inc.
(a)
233,037
2,756,574
Specialized
REITs
—
1.62%
3,980
EPR
Properties
230,880
17,540
Millrose
Properties,
Inc.
527,077
18,362
Safehold,
Inc.
288,283
9,864
VICI
Properties,
Inc.
261,889
1,308,129
Specialty
Finance
—
0.60%
4,732
Ally
Financial,
Inc.
217,435
34,060
Invesco
Mortgage
Capital,
Inc.
269,074
486,509
Specialty
Retail
—
2.43%
2,330
Abercrombie
&
Fitch
Co.,
Class
A
(a)
209,723
21,180
American
Eagle
Outfitters,
Inc.
364,295
3,120
Best
Buy
Co.,
Inc.
236,746
7,498
Gap,
Inc.
(The)
140,063
22,590
Sally
Beauty
Holdings,
Inc.
(a)
319,423
8,100
Victoria's
Secret
&
Co.
(a)
676,187
1,946,437
Steel
—
0.32%
4,130
Commercial
Metals
Co.
259,158
Technology
Hardware
—
1.49%
10,867
NetScout
Systems,
Inc.
(a)
473,258
8,016
ViaSat,
Inc.
(a)
719,917
1,193,175
Technology
Hardware,
Storage
&
Peripherals
—
0.33%
3,140
Diebold
Nixdorf,
Inc.
(a)
266,963
Technology
Services
—
0.21%
19,388
DXC
Technology
Co.
(a)
171,584
Telecommunications
—
0.27%
2,426
Millicom
International
Cellular
S.A.
220,184
Textiles,
Apparel
&
Luxury
Goods
—
1.27%
7,690
Carter's,
Inc.
316,519
1,870
Crocs,
Inc.
(a)
225,597
13,980
Ermenegildo
Zegna
N.V.
182,020
8,960
G-III
Apparel
Group
Ltd.
302,042
1,026,178
Sterling
Capital
Behavioral
Small
Cap
Value
Equity
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Trading
Companies
&
Distributors
—
0.28%
$
1,520
AerCap
Holdings
N.V.
$
221,586
Wholesale
-
Discretionary
—
0.62%
12,174
OPENLANE,
Inc.
(a)
502,056
Total
Common
Stocks
(Cost $62,945,255)
79,666,076
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
1.02%
822,134
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(b)
822,134
Total
Money
Market
Funds
(Cost
$822,134)
822,134
Total
Investments—
99.98%
(Cost
$63,767,389)
80,488,210
Other
Assets
in
Excess
of
Liabilities
—
0.02%
14,740
NET
ASSETS
—
100.00%
$
80,502,950
(a)
Non-income
producing
security.
(b)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Special
Opportunities
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
97.16%
Asset
Management
—
0.45%
$
13,371
Apollo
Global
Management,
Inc.
$
1,581,923
Biotechnology
—
4.72%
60,604
Natera,
Inc.
(a)
16,450,956
Capital
Markets
—
4.12%
104,069
Charles
Schwab
Corp.
(The)
9,602,447
11,692
S&P
Global,
Inc.
4,761,684
14,364,131
Communications
Equipment
—
1.28%
10,731
F5,
Inc.
(a)
4,463,667
Construction
Materials
—
1.75%
57,135
CRH
PLC
6,113,445
Distributors
—
3.37%
99,556
Genuine
Parts
Co.
11,745,617
Electric
Utilities
—
1.63%
35,756
Vistra
Energy
Corp.
5,671,974
Entertainment
—
3.46%
48,215
Take-Two
Interactive
Software,
Inc.
(a)
12,052,786
Health
Care
Equipment
&
Supplies
—
3.29%
41,441
Danaher
Corp.
7,893,681
52,973
DexCom,
Inc.
(a)
3,567,732
11,461,413
Health
Care
Facilities
&
Services
—
3.22%
27,047
UnitedHealth
Group,
Inc.
11,241,545
Health
Care
Providers
&
Services
—
1.76%
15,750
HCA
Healthcare,
Inc.
6,140,768
Household
Durables
—
2.48%
95,559
Lennar
Corporation,
Class
A
8,647,134
Interactive
Media
&
Services
—
5.73%
56,638
Alphabet,
Inc.,
Class
C
20,011,904
Internet
&
Direct
Marketing
Retail
—
4.27%
62,610
Amazon.com,
Inc.
(a)
14,922,467
IT
Services
—
3.41%
79,100
Akamai
Technologies,
Inc.
(a)
9,350,411
5,494
CACI
International,
Inc.,
Class
A
(a)
2,545,150
11,895,561
Machinery
—
3.89%
7,908
Deere
&
Co.
5,016,282
69,712
Mueller
Industries,
Inc.
8,569,696
13,585,978
Sterling
Capital
Special
Opportunities
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Oil
&
Gas
Producers
—
1.62%
$
64,979
ONEOK,
Inc.
$
5,649,274
Pharmaceuticals
—
6.41%
13,523
Eli
Lilly
&
Co.
16,219,891
181,959
Teva
Pharmaceutical
Industries
Ltd.
-
ADR
(a)
6,164,771
22,384,662
Professional
Services
—
3.29%
63,887
Verisk
Analytics,
Inc.
11,469,633
Real
Estate
Management
&
Development
—
1.63%
42,307
CBRE
Group,
Inc.,
Class
A
(a)
5,698,330
Semiconductors
—
5.33%
18,358
Coherent
Corp.
(a)
7,241,680
38,050
Marvell
Technology,
Inc.
11,334,715
18,576,395
Semiconductors
&
Semiconductor
Equipment
—
11.00%
117,941
NVIDIA
Corp.
23,598,814
40,253
NXP
Semiconductors
N.V.
11,312,301
39,960
Universal
Display
Corporation
3,460,136
38,371,251
Software
—
13.37%
9,369
Intuit,
Inc.
2,445,309
33,330
Microsoft
Corp.
12,432,756
73,714
Oracle
Corp.
10,802,787
98,358
ServiceNow,
Inc.
(a)
9,764,982
25,032
Synopsys,
Inc.
(a)
11,166,024
46,611,858
Technology
Services
—
3.16%
32,128
Visa,
Inc.,
Class
A
11,022,796
Wireless
Telecommunication
Services
—
2.52%
52,316
T-Mobile
US,
Inc.
8,774,963
Total
Common
Stocks
(Cost $201,863,280)
338,910,431
Sterling
Capital
Special
Opportunities
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
2.92%
$
10,196,906
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(b)
$
10,196,906
Total
Money
Market
Funds
(Cost
$10,196,906)
10,196,906
Total
Investments—
100.08%
(Cost
$212,060,186)
349,107,337
Liabilities
in
Excess
of
Other
Assets
—
(0.08)%
(293,939)
NET
ASSETS
—
100.00%
$
348,813,398
(a)
Non-income
producing
security.
(b)
Represents
the
current
yield
as
of
report
date.
ADR
-
American
Depositary
Receipt.
Sterling
Capital
Equity
Income
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
96
.57
%
Banks
—
4
.26
%
$
75,100
JPMorgan
Chase
&
Co.
$
24,582,483
Beverages
—
5
.15
%
121,891
Coca-Cola
European
Partners
PLC
12,197,632
129,696
PepsiCo,
Inc.
17,560,839
29,758,471
Biotechnology
—
3
.68
%
84,533
AbbVie,
Inc.
21,271,885
Capital
Markets
—
12
.96
%
47,147
Ameriprise
Financial,
Inc.
21,629,158
244,638
Charles
Schwab
Corp.
(The)
22,572,747
9,945
Goldman
Sachs
Group,
Inc.
(The)
10,058,075
100,305
Nasdaq,
Inc.
7,906,040
83,881
Raymond
James
Financial,
Inc.
12,752,428
74,918,448
Chemicals
—
4
.06
%
45,175
New
Linde
PLC
23,443,115
Commercial
Support
Services
—
4
.34
%
112,580
Waste
Management,
Inc.
25,091,830
Communications
Equipment
—
3
.87
%
53,805
Motorola
Solutions,
Inc.
22,344,678
Consumer
Finance
—
3
.92
%
66,917
American
Express
Company
22,634,675
Electric
Utilities
—
4
.02
%
242,524
Southern
Co.
(The)
23,211,972
Electrical
Equipment
—
8
.11
%
57,080
Eaton
Corp
plc
24,322,929
45,463
Rockwell
Automation,
Inc.
22,507,822
46,830,751
Health
Care
Equipment
&
Supplies
—
1
.38
%
87,687
Abbott
Laboratories
7,956,718
Health
Care
Providers
&
Services
—
1
.15
%
17,144
Elevance
Health,
Inc.
6,630,099
Household
Durables
—
3
.33
%
118,045
DR
Horton,
Inc.
19,227,170
Industrial
Conglomerates
—
3
.07
%
39,897
Honeywell
Aerospace,
Inc.
(a)
8,820,318
39,897
Honeywell
International,
Inc.
8,932,827
17,753,145
Insurance
—
8
.35
%
163,362
Aflac,
Inc.
19,154,195
101,921
Marsh
&
McLennan
Cos.,
Inc.
16,987,173
Sterling
Capital
Equity
Income
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Insurance
—
(continued)
$
143,123
MetLife,
Inc.
$
12,109,637
48,251,005
Machinery
—
3
.45
%
31,442
Deere
&
Co.
19,944,604
Oil,
Gas
&
Consumable
Fuels
—
1
.81
%
252,962
Devon
Energy
Corp.
10,452,390
Professional
Services
—
1
.14
%
29,322
Automatic
Data
Processing,
Inc.
6,566,662
Semiconductors
&
Semiconductor
Equipment
—
4
.47
%
65,015
Analog
Devices,
Inc.
25,822,008
Software
—
3
.43
%
53,076
Microsoft
Corp.
19,798,410
Specialty
Retail
—
2
.64
%
43,253
Home
Depot,
Inc.
(The)
15,254,468
Tobacco
—
4
.36
%
139,276
Philip
Morris
International,
Inc.
25,196,421
Trading
Companies
&
Distributors
—
3
.62
%
88,234
Ferguson
Enterprises,
Inc.
(a)
20,940,575
Total
Common
Stocks
(Cost $378,968,600)
557,881,983
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
3
.65
%
21,094,851
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(b)
21,094,851
Total
Money
Market
Funds
(Cost
$21,094,851)
21,094,851
Total
Investments—
100
.22
%
(Cost
$400,063,451)
578,976,834
Liabilities
in
Excess
of
Other
Assets
—
(
0
.22
)
%
(1,297,511)
NET
ASSETS
—
100.00%
$
577,679,323
(a)
Non-income
producing
security.
(b)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Mid
Cap
Relative
Value
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
89
.37
%
Aerospace
&
Defense
—
3
.40
%
$
2,587
Curtiss-Wright
Corp.
$
1,960,325
Automobile
Components
—
1
.26
%
5,333
Dorman
Products,
Inc.
(a)
727,688
Automotive
—
2
.81
%
11,269
BorgWarner,
Inc.
748,262
10,605
Phinia,
Inc.
873,533
1,621,795
Banks
—
6
.71
%
8,034
East
West
Bancorp,
Inc.
1,037,109
39,500
Huntington
Bancshares,
Inc.
700,335
6,124
UMB
Financial
Corp.
874,262
7,821
Wintrust
Financial
Corp.
1,256,991
3,868,697
Building
Products
—
4
.21
%
3,103
Carlisle
Cos.,
Inc.
1,125,614
10,560
Fortune
Brands
Innovations,
Inc.
579,744
8,866
Masco
Corporation
721,426
2,426,784
Capital
Markets
—
1
.69
%
2,123
Ameriprise
Financial,
Inc.
973,947
Chemicals
—
0
.89
%
13,855
Avient
Corp.
512,081
Construction
&
Engineering
—
6
.77
%
9,372
MasTec,
Inc.
(a)
3,899,315
Consumer
Staples
Distribution
&
Retail
—
9
.85
%
9,193
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
801,813
4,075
Casey's
General
Stores,
Inc.
3,238,770
14,610
Performance
Food
Group
Co.
(a)
1,633,252
5,673,835
Electrical
Equipment
—
4
.37
%
4,508
Powell
Industries,
Inc.
1,290,911
5,147
Regal
Rexnord
Corp.
1,225,964
2,516,875
Electronic
Equipment,
Instruments
&
Components
—
4
.01
%
6,722
Arrow
Electronics,
Inc.
(a)
1,434,542
2,269
Jabil,
Inc.
874,654
2,309,196
Entertainment
—
1
.73
%
3,990
Take-Two
Interactive
Software,
Inc.
(a)
997,420
Gas
Utilities
—
2
.53
%
16,450
Southwest
Gas
Corp.
1,458,786
Household
Durables
—
1
.55
%
6,494
PulteGroup,
Inc.
891,042
Sterling
Capital
Mid
Cap
Relative
Value
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Insurance
—
2
.33
%
$
6,263
Hanover
Insurance
Group,
Inc.
(The)
$
1,341,034
Life
Sciences
Tools
&
Services
—
4
.40
%
4,727
ICON
PLC
(a)
821,127
7,616
Revvity,
Inc.
847,356
1,732
Thermo
Fisher
Scientific,
Inc.
868,356
2,536,839
Machinery
—
2
.59
%
9,713
Oshkosh
Corp.
1,490,751
Multi-Utilities
—
3
.05
%
36,926
Nisource,
Inc.
1,755,831
Oil,
Gas
&
Consumable
Fuels
—
4
.49
%
3,290
Gulfport
Energy
Corp.
(a)
558,313
11,928
Matador
Resources
Co.
593,776
8,496
Phillips
66
1,436,249
2,588,338
Professional
Services
—
3
.26
%
4,053
CACI
International,
Inc.,
Class
A
(a)
1,877,593
Semiconductors
&
Semiconductor
Equipment
—
7
.97
%
14,256
Kulicke
&
Soffa
Industries,
Inc.
1,906,882
3,810
Onto
Innovation,
Inc.
(a)
1,441,895
7,620
Qnity
Electronics,
Inc.
1,244,422
4,593,199
Software
—
4
.72
%
7,633
Commvault
Systems,
Inc.
(a)
1,081,825
5,896
PTC,
Inc.
(a)
669,845
11,235
Zoom
Video
Communications,
Inc.
(a)
969,693
2,721,363
Specialty
Retail
—
1
.64
%
4,051
Williams-Sonoma,
Inc.
944,288
Trading
Companies
&
Distributors
—
3
.14
%
1,599
United
Rentals,
Inc.
1,811,491
Total
Common
Stocks
(Cost $25,541,922)
51,498,513
REIT
—
8
.16
%
Health
Care
REITs
—
1
.57
%
46,228
Sabra
Health
Care
REIT,
Inc.
901,908
Industrial
REITs
—
2
.11
%
6,011
EastGroup
Properties,
Inc.
1,217,408
Residential
REITs
—
1
.43
%
5,919
Mid-America
Apartment
Communities,
Inc.
822,386
Sterling
Capital
Mid
Cap
Relative
Value
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
REIT
—
(continued)
Retail
REITs
—
1
.43
%
$
26,182
Brixmor
Property
Group,
Inc.
$
825,518
Specialized
REITs
—
1
.62
%
5,205
Digital
Realty
Trust,
Inc.
934,714
Total
REIT
(Cost $3,119,445)
4,701,934
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
2
.48
%
1,429,280
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(b)
1,429,280
Total
Money
Market
Funds
(Cost
$1,429,280)
1,429,280
Total
Investments—
100
.01
%
(Cost
$30,090,647)
57,629,727
Liabilities
in
Excess
of
Other
Assets
—
(
0
.01
)
%
(5,427)
NET
ASSETS
—
100.00%
$
57,624,300
(a)
Non-income
producing
security.
(b)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Real
Estate
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
REIT
—
97.34%
Equity
Real
Estate
Investment
Trusts
(REITs)
—
1.94%
$
40,360
Essential
Properties
Realty
Trust,
Inc.
$
1,204,746
Health
Care
REITs
—
18.68%
26,289
American
Healthcare
REIT,
Inc.
1,370,971
29,422
CareTrust
REIT,
Inc.
1,187,178
21,965
Chiron
Real
Estate,
Inc.
824,127
79,314
Sabra
Health
Care
REIT,
Inc.
1,547,416
38,907
Ventas,
Inc.
3,454,941
14,114
Welltower,
Inc.
3,203,455
11,588,088
Hotel
&
Resort
REITs
—
2.78%
13,423
Ryman
Hospitality
Properties,
Inc.
1,725,527
Industrial
REITs
—
15.58%
12,299
EastGroup
Properties,
Inc.
2,490,916
34,089
First
Industrial
Realty
Trust,
Inc.
2,089,997
26,296
LXP
Industrial
Trust
1,416,828
17,449
Prologis,
Inc.
2,363,816
38,835
Rexford
Industrial
Realty,
Inc.
1,300,973
9,662,530
Office
REITs
—
3.65%
138,263
Brandywine
Realty
Trust
438,294
15,105
BXP,
Inc.
1,001,612
27,429
Highwoods
Properties,
Inc.
827,259
2,267,165
Residential
REITs
—
12.47%
7,026
Essex
Property
Trust,
Inc.
2,048,711
54,981
Invitation
Homes,
Inc.
1,660,976
12,415
Mid-America
Apartment
Communities,
Inc.
1,724,940
57,615
UDR,
Inc.
2,299,991
7,734,618
Retail
REITs
—
15.03%
61,459
Brixmor
Property
Group,
Inc.
1,937,802
30,689
InvenTrust
Properties
Corp.
1,086,391
74,667
Kite
Realty
Group
Trust
2,119,049
47,003
Macerich
Co.
(The)
1,184,006
41,040
NetSTREIT
Corp.
867,175
Sterling
Capital
Real
Estate
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
REIT
—
(continued)
Retail
REITs
—
(continued)
$
53,966
Tanger,
Inc.
$
2,130,038
9,324,461
Specialized
REITs
—
27.21%
24,157
American
Tower
Corp.,
Class
A
3,951,360
28,910
CubeSmart
1,149,751
25,057
Digital
Realty
Trust,
Inc.
4,499,736
3,217
Equinix,
Inc.
3,353,369
14,271
Extra
Space
Storage,
Inc.
2,073,576
14,638
Iron
Mountain,
Inc.
1,848,926
16,876,718
Total
REIT
(Cost $34,649,575)
60,383,853
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
2.27%
1,408,179
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(a)
1,408,179
Total
Money
Market
Funds
(Cost
$1,408,179)
1,408,179
Total
Investments—
99.61%
(Cost
$36,057,754)
61,792,032
Other
Assets
in
Excess
of
Liabilities
—
0.39%
239,067
NET
ASSETS
—
100.00%
$
62,031,099
(a)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Small
Cap
Value
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
92
.61
%
Aerospace
&
Defense
—
4
.49
%
$
20,786
Moog,
Inc.,
Class
A
$
8,809,938
Automobile
Components
—
5
.11
%
22,135
Dorman
Products,
Inc.
(a)
3,020,321
193,142
Garret
Motion,
Inc.
6,997,535
10,017,856
Banks
—
17
.46
%
74,709
Columbia
Banking
System,
Inc.
2,394,423
60,174
Community
Bank
System,
Inc.
4,038,879
74,354
Glacier
Bancorp,
Inc.
3,835,179
25,800
Metropolitan
Bank
Holding
Corp.
2,548,008
100,732
Old
National
Bancorp
2,608,959
26,020
QCR
Holdings,
Inc.
2,533,047
49,760
Trustmark
Corp.
2,289,458
52,740
United
Bankshares,
Inc.
2,417,074
63,878
Webster
Financial
Corp.
4,881,557
41,760
Wintrust
Financial
Corp.
6,711,667
34,258,251
Capital
Markets
—
3
.40
%
19,714
Affiliated
Managers
Group,
Inc.
6,671,218
Chemicals
—
1
.85
%
98,316
Avient
Corp.
3,633,759
Construction
&
Engineering
—
4
.96
%
23,368
MasTec,
Inc.
(a)
9,722,490
Consumer
Staples
Distribution
&
Retail
—
8
.79
%
43,153
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
3,763,805
9,826
Casey's
General
Stores,
Inc.
7,809,606
50,775
Performance
Food
Group
Co.
(a)
5,676,137
17,249,548
Electric
Utilities
—
1
.94
%
73,500
Portland
General
Electric
Co.
3,809,505
Electrical
Equipment
—
4
.83
%
40,500
EnerSys
9,469,710
Electronic
Equipment,
Instruments
&
Components
—
5
.51
%
45,522
Belden,
Inc.
5,458,543
39,866
Crane
NXT
Co.
2,039,545
39,610
Eplus,
Inc.
3,296,740
10,794,828
Energy
Equipment
&
Services
—
2
.43
%
238,870
Select
Energy
Services,
Inc.,
Class
A
4,772,623
Entertainment
—
1
.86
%
14,612
Take-Two
Interactive
Software,
Inc.
(a)
3,652,708
Sterling
Capital
Small
Cap
Value
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Gas
Utilities
—
2
.20
%
$
48,530
Southwest
Gas
Corp.
$
4,303,640
Household
Durables
—
2
.20
%
51,484
Meritage
Homes
Corp.
4,316,933
Insurance
—
2
.90
%
15,241
Hanover
Insurance
Group,
Inc.
(The)
3,263,403
24,939
Selective
Insurance
Group,
Inc.
2,419,332
5,682,735
Life
Sciences
Tools
&
Services
—
2
.26
%
12,362
West
Pharmaceutical
Services,
Inc.
4,437,958
Machinery
—
6
.57
%
30,756
Crane
Co.
6,860,742
39,171
Oshkosh
Corp.
6,011,965
12,872,707
Oil,
Gas
&
Consumable
Fuels
—
3
.25
%
22,509
Chord
Energy
Corp.
2,572,778
43,671
Matador
Resources
Co.
2,173,942
89,952
Northern
Oil
and
Gas,
Inc.
1,632,629
6,379,349
Professional
Services
—
2
.55
%
10,816
CACI
International,
Inc.,
Class
A
(a)
5,010,620
Semiconductors
&
Semiconductor
Equipment
—
3
.29
%
49,883
ON
Semiconductor
Corp.
(a)
4,715,939
18,646
Qorvo,
Inc.
(a)
1,739,112
6,455,051
Software
—
0
.91
%
15,762
PTC,
Inc.
(a)
1,790,721
Trading
Companies
&
Distributors
—
3
.85
%
10,311
Herc
Holdings,
Inc.
1,477,979
5,365
United
Rentals,
Inc.
6,077,955
7,555,934
Total
Common
Stocks
(Cost $46,475,574)
181,668,082
REIT
—
5
.29
%
Industrial
REITs
—
2
.67
%
85,578
First
Industrial
Realty
Trust,
Inc.
5,246,788
Office
REITs
—
1
.11
%
72,402
Highwoods
Properties,
Inc.
2,183,644
Retail
REITs
—
1
.51
%
74,801
Tanger,
Inc.
2,952,395
Sterling
Capital
Small
Cap
Value
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
REIT
—
(continued)
Retail
REITs
—
(continued)
Total
REIT
(Cost $4,512,680)
$
10,382,827
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
2
.08
%
$
4,076,714
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(b)
4,076,714
Total
Money
Market
Funds
(Cost
$4,076,714)
4,076,714
Total
Investments—
99
.98
%
(Cost
$55,064,968)
196,127,623
Other
Assets
in
Excess
of
Liabilities
—
0
.02
%
37,434
NET
ASSETS
—
100.00%
$
196,165,057
(a)
Non-income
producing
security.
(b)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Ultra
Short
Bond
ETF
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
41.57%
$
275,000
Carvana
Auto
Receivables
Trust,
Series
P3
,
Class
B,
1.42%,
8/10/27
$
273,429
73,768
CarMax
Auto
Owner
Trust
2023-1,
Series
1
,
Class
A3,
4.75%,
10/15/27
73,793
175,000
Hertz
Vehicle
Financing
III
LP,
Series
2A
,
Class
A,
1.68%,
12/27/27
(a)
173,666
110,000
Carvana
Auto
Receivables
Trust
2021-P4,
Series
P4
,
Class
B,
1.98%,
2/10/28
108,864
23,787
Carmax
Auto
Owner
Trust
2022-3,
Series
3
,
Class
A4,
4.06%,
2/15/28
23,790
18,582
World
Omni
Auto
Receivables
Trust,
Series
2022-D
,
Class
A3,
5.61%,
2/15/28
18,597
165,000
Avis
Budget
Rental
Car
Funding
AESOP
LLC.,
Series
5A
,
Class
A,
5.78%,
4/20/28
(a)
166,255
200,000
Hertz
Vehicle
Financing
LLC,
Series
2A
,
Class
A,
2.33%,
6/26/28
(a)
196,319
1,883
Santander
Drive
Auto
Receivables
Trust,
Series
3
,
Class
B,
5.61%,
7/17/28
1,885
160,000
Gracie
Point
International
Funding
2025-1
LLC,
Series
1A
,
Class
B,
5.64%,
8/15/28
(SOFR
+200.00
bps)
(a)
159,919
75,455
Santander
Drive
Auto
Receivables
Trust,
Series
2023-4
,
Class
B,
5.77%,
12/15/28
75,801
250,000
GLS
Auto
Receivables
Issuer
Trust
2026-2,
Series
2A
,
Class
A2,
4.25%,
4/16/29
(a)
249,764
200,000
Bridgecrest
Lending
Auto
Securitization
Trust,
Series
3
,
Class
C,
5.70%,
7/16/29
201,028
27,000
Hyundai
Auto
Receivables
Trust
2023-C,
Series
C
,
Class
A4,
5.55%,
12/17/29
27,335
200,000
LAD
Auto
Receivables
Trust
2024-3,
Series
3A
,
Class
B,
4.74%,
1/15/30
(a)
200,171
140,000
AmeriCredit
Automobile
Receivables
Trust
2025-1,
Series
1
,
Class
A3,
4.12%,
5/20/30
(a)
139,361
250,000
M&T
Equipment
2023-LEAF1
Notes,
Series
1A
,
Class
A4,
5.75%,
7/15/30
(a)
251,406
118,221
Affirm
Asset
Securitization
Trust
2025-X2
,
4.45%,
10/15/30
(a)
118,306
250,000
Dryden
CLO
Ltd.,
Series
53A
,
Class
BR,
4.97%,
1/15/31
(a)(b)(c)
250,415
32,322
KKR
CLO
Ltd.,
Series
21
,
Class
A,
4.94%,
4/15/31
(TSFR3M
+126.20
bps)
(a)
32,326
64,517
Dryden
Senior
Loan
Fund,
Series
40A
,
Class
AR2,
4.80%,
8/15/31
(a)
64,539
203,114
Fortress
Credit
BSL
IX
Ltd,
Series
1A
,
Class
A1AR,
4.78%,
10/20/33
(a)
203,145
309,115
ALLY
AUTO
RECEIVABLES
TRUST
2023-A,
Series
A
,
Class
C,
6.08%,
1/17/34
(a)
310,507
Sterling
Capital
Ultra
Short
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
59,633
SoFi
Consumer
Loan
Program
Trust,
Series
2025-1
,
Class
A,
4.80%,
2/27/34
(a)
$
59,716
300,000
Thompson
Park
CLO
Ltd,
Series
1A
,
Class
A1R,
4.72%,
4/15/34
(a)
300,020
250,000
Neuberger
Berman
Loan
Advisers
CLO
41
Ltd.,
Series
41A
,
Class
AR,
4.72%,
4/15/34
(TSFR3M
+105.00
bps)
(a)(b)(c)
250,165
263,000
ARES
XLIV
CLO
Ltd,
Series
44A
,
Class
A1RR,
4.80%,
4/15/34
(TSFR3M
+113.00
bps)
(a)(b)(c)
263,245
285,000
Fort
Greene
Park
CLO
LLC,
Series
2A
,
Class
AR,
4.61%,
4/22/34
(TSFR3M
+95.00
bps)
(a)
284,860
78,879
SoFi
Consumer
Loan
Program
Trust,
Series
2025-2
,
Class
A,
4.82%,
6/25/34
(a)
78,983
250,000
Magnetite
XXXI
Ltd.,
Series
31A
,
Class
A1R,
4.67%,
7/15/34
(a)
250,008
292,000
RR
17,
Ltd.,
Series
17A
,
Class
A1AR,
4.74%,
7/15/34
(a)
292,020
275,000
Trinitas
CLO
XVI
Ltd,
Series
16A
,
Class
A1R,
4.81%,
7/20/34
(TSFR3M
+113.00
bps)
(a)
275,047
265,000
LCM
33
Ltd,
Series
33A
,
Class
AR,
4.84%,
7/20/34
(TSFR3M
+118.00
bps)
(a)(c)
265,040
136,520
SoFi
Consumer
Loan
Program
2025-4
Trust,
Series
4
,
Class
A,
4.24%,
8/25/35
(a)
136,353
300,000
Chesapeake
Funding
II
LLC,
Series
1A
,
Class
B,
5.44%,
5/15/36
(a)
301,806
161,851
Chesapeake
Funding
II
LLC,
Series
1A
,
Class
A1,
5.52%,
5/15/36
(a)
162,840
95,223
OneMain
Financial
Issuance
Trust,
Series
2021-1
,
Class
A2,
4.35%,
6/16/36
(SOFR
+76.00
bps)
(a)
95,275
100,000
Neuberger
Berman
Loan
Advisers
CLO
45
Ltd.
,
4.73%,
10/14/36
(a)
100,008
100,000
BX
2021-LBA3
Mortgage
Trust,
Series
PAC
,
Class
A,
4.43%,
10/15/36
(a)
99,969
142,345
SMB
Private
Education
Loan
Trust,
Series
B
,
Class
A2B,
4.74%,
6/15/37
(a)
142,364
89,365
Hilton
Grand
Vacations
Trust,
Series
2023-1
,
Class
A,
5.72%,
1/25/38
(a)
90,657
20,844
Wheels
Fleet
Lease
Funding
1
LLC,
Series
1A
,
Class
A,
5.80%,
4/18/38
(a)
20,904
272,723
KIND
Trust
2021-KIND,
Series
KIND
,
Class
A,
4.69%,
8/15/38
(US0001M
+95.00
bps)
(a)
272,292
401,304
BX
Commercial
Mortgage
Trust
2021-ACNT
,
4.59%,
11/15/38
(a)
401,304
244,873
MVW
2023-1,
LLC.,
Series
1A
,
Class
A,
4.93%,
10/20/40
(a)
245,012
362,498
Tricon
Residential
Trust,
Series
2025-SFR
,
Class
A,
4.73%,
3/17/42
(TSFR3M
+110.00
bps)
(a)(b)
362,496
Sterling
Capital
Ultra
Short
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
400,000
Vantage
Data
Centers
LLC,
Series
2A
,
Class
A2,
1.99%,
9/15/45
(a)
$
383,609
320,000
Stack
Infrastructure
Issuer
LLC,
Series
3A
,
Class
A2,
5.90%,
10/25/48
(a)
320,833
100,000
UBS
Commercial
Mortgage
Trust
2017-C1,
Series
C1
,
Class
A4,
3.46%,
6/15/50
98,802
309,437
UBS
Commercial
Mortgage
Trust
2017-C4,
Series
C4
,
Class
A3,
3.30%,
10/15/50
305,369
120,000
CSAIL
2017-CX10
Commercial
Mortgage
Trust,
Series
CX10
,
Class
A4,
3.19%,
11/15/50
118,698
285,000
Hotwire
Funding
LLC,
Series
1
,
Class
A2,
2.31%,
11/20/51
(a)
282,369
241,006
SMB
Private
Education
Loan
Trust,
Series
2024-C
,
Class
A1B,
4.69%,
6/17/52
(SOFR
+110.00
bps)
(a)
240,614
483,000
BANK5
2023-5YR1
A3,
Series
5YR1
,
Class
A3,
6.26%,
4/15/56
491,748
214,358
Nelnet
Student
Loan
Trust,
Series
2025-A
,
Class
A1B,
4.74%,
3/15/57
(a)(b)
213,352
Total
(Cost $10,524,619)
10,526,399
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
28.38%
Aerospace
&
Defense
—
0.98%
250,000
Boeing
Co/The,
2.80%,
3/01/27
247,296
Asset
Management
—
3.77%
250,000
Hercules
Capital
Inc,
2.63%,
9/16/26
248,735
215,000
Blackstone
Private
Credit
Fund,
2.63%,
12/15/26
212,664
200,000
Ares
Capital
Corp,
7.00%,
1/15/27
202,027
250,000
Golub
Capital
BDC,
Inc.,
2.05%,
2/15/27
244,533
50,000
Goldman
Sachs
Private
Credit
Corp,
5.05%,
2/23/28
49,730
957,689
Banking
—
1.03%
260,000
JPMorgan
Chase
&
Co.,
4.48%,
10/22/28
(SOFR
+86.00
bps)
261,024
Beverages
—
0.99%
250,000
Bacardi
Ltd.,
2.75%,
7/15/26
(a)
249,820
Capital
Markets
—
1.18%
300,000
Blue
Owl
Capital
Corp.,
3.40%,
7/15/26
299,787
Electric
Utilities
—
0.31%
78,000
Vistra
Operations
Co.
LLC,
5.05%,
12/30/26
(a)
78,052
Health
Care
Facilities
&
Services
—
0.85%
215,000
IQVIA,
Inc.,
5.00%,
10/15/26
(a)
214,880
Sterling
Capital
Ultra
Short
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Health
Care
Facilities
&
Services
—
(continued)
Institutional
Financial
Services
—
1.98%
$
500,000
Jefferies
Financial
Group
Inc,
4.85%,
1/15/27
$
500,373
Insurance
—
2.18%
300,000
Athene
Global
Funding,
4.67%,
8/27/26
(SOFR
+103.00
bps)
(a)
300,309
250,000
F&G
Global
Funding,
5.88%,
6/10/27
(a)
252,448
552,757
Internet
Media
&
Services
—
0.55%
140,000
Match
Group
Holdings
II
LLC,
4.63%,
6/01/28
(a)
138,088
Leisure
Facilities
&
Services
—
0.28%
71,000
MGM
Resorts
International,
5.50%,
4/15/27
71,110
Leisure
Products
—
0.79%
200,000
Mattel
Inc,
5.88%,
12/15/27
(a)
200,079
Metals
&
Mining
—
1.81%
460,000
Glencore
Funding
LLC,
–%,
8/04/26
(a)
458,207
Mortgage
Real
Estate
Investment
-Trusts
(Reits)
—
0.89%
225,000
Starwood
Property
Trust,
Inc.,
3.63%,
7/15/26
(a)
224,636
Oil
&
Gas
Producers
—
3.17%
53,000
Buckeye
Partners
LP,
3.95%,
12/01/26
52,665
250,000
Williams
Cos.,
Inc./The,
3.75%,
6/15/27
248,355
250,000
Cheniere
Corpus
Christi
Holdings
LLC,
5.13%,
6/30/27
250,627
250,000
Hess
Midstream
Operations
LP,
5.88%,
3/01/28
(a)
251,767
803,414
Reit
—
3.33%
300,000
Tanger
Properties
LP,
3.13%,
9/01/26
299,330
250,000
VICI
Properties
LP
/
VICI
Note
Co.,
Inc.,
4.25%,
12/01/26
(a)
249,519
91,000
SBA
Communications
Corp.,
3.88%,
2/15/27
90,484
207,000
Global
Net
Lease
Operating
Partnership
LP,
3.75%,
12/15/27
(a)
202,605
841,938
Software
—
0.64%
165,000
Oracle
Corp,
2.80%,
4/01/27
162,807
Specialty
Finance
—
3.26%
125,000
Air
Lease
Corp.,
1.88%,
8/15/26
124,597
250,000
Ladder
Capital
Finance
Holdings
LLLP,
4.25%,
2/01/27
(a)
248,541
Sterling
Capital
Ultra
Short
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Specialty
Finance
—
(continued)
$
250,000
Ally
Financial,
Inc.,
4.75%,
6/09/27
$
250,566
200,000
Avolon
Holdings
Funding
Ltd.,
4.95%,
1/15/28
(a)
200,446
824,150
Technology
Services
—
0.39%
100,000
FactSet
Research
Systems,
Inc.,
2.90%,
3/01/27
98,714
Total
(Cost $7,189,770)
7,184,821
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
13.51%
44,438
SFS
Auto
Receivables
Securitization
Trust,
Series
2025-1,
Class
A2,
4.65%,
5/22/28
(a)
44,454
228,144
TSTAT
2022-1
Ltd,
Series
1A,
Class
AR3,
4.62%,
1/20/32
(a)
228,147
228,820
Riserva
Clo
Ltd.,
Series
3A,
Class
AR3,
4.73%,
1/18/34
(a)
229,014
300,000
Symphony
CLO
XXV
Ltd.,
Series
25A,
Class
AR,
4.73%,
4/19/34
(a)(b)(c)
300,219
325,000
Barings
CLO
Ltd
2021-II,
Series
2A,
Class
A1R,
4.74%,
7/15/34
(a)
325,022
275,000
Madison
Park
Funding
XLV
Ltd,
Series
45A,
Class
ARR,
4.75%,
7/15/34
(TSFR3M
+108.00
bps)
(a)
275,462
250,000
Madison
Park
Funding
XLIX
Ltd,
Series
49A,
Class
AR,
4.72%,
10/19/34
(a)
250,010
250,000
Bain
Capital
Credit
CLO
2021-4
Ltd,
Series
4A,
Class
A1RR,
4.68%,
10/20/34
(a)
250,083
201,128
Government
National
Mortgage
Association,
Series
164,
Class
DV,
5.50%,
8/20/35
202,209
151,649
Freddie
Mac
REMICS,
Series
4838,
Class
VA,
4.00%,
3/15/36
151,296
141,176
Fannie
Mae,
5.90%,
7/01/36
(H15T1Y
+219.40
bps)
144,336
200,000
Birch
Grove
CLO
4
Ltd.,
Series
4A,
Class
A1R,
5.15%,
7/15/37
(a)
200,040
300,000
CIFC
Funding
2017-V
Ltd,
Series
5A,
Class
AR,
5.08%,
7/17/37
(a)
300,057
71,138
Freddie
Mac
REMICS,
Series
5216,
Class
JA,
3.25%,
5/25/38
70,852
201,795
Government
National
Mortgage
Association,
Series
1,
Class
D,
5.50%,
5/20/49
202,102
241,618
Government
National
Mortgage
Association,
Series
132,
Class
BG,
5.50%,
7/20/50
246,017
Total
(Cost $3,417,716)
3,419,320
Sterling
Capital
Ultra
Short
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COMMERCIAL
MORTGAGE-BACKED
SECURITIES
—
8.63%
$
286,490
BX
Trust,
Series
2021-BXMF,
Class
A,
4.38%,
10/15/26
(TSFR3M
+75.00
bps)
(a)
$
286,401
390,000
Morgan
Stanley
Capital
I
Trust,
Series
BNK2,
Class
A4,
3.05%,
11/15/49
384,758
261,655
CSAIL
Commercial
Mortgage
Trust,
Series
2015-C7,
Class
A5,
3.50%,
11/15/49
260,814
98,000
Wells
Fargo
Commercial
Mortgage
Trust,
Series
C37,
Class
A5,
3.79%,
12/15/49
97,636
200,000
CD
Mortgage
Trust,
Series
2017-CD3,
Class
A4,
3.63%,
2/10/50
196,953
380,000
COMM
Mortgage
Trust,
Series
COR2,
Class
A3,
3.51%,
9/10/50
375,418
292,592
Wells
Fargo
Commercial
Mortgage
Trust
2017-C40,
Series
C40,
Class
A3,
3.32%,
10/15/50
289,151
95,000
CFCRE
Commercial
Mortgage
Trust,
Series
C7,
Class
A3,
3.84%,
12/10/54
94,598
192,000
BMO
Mortgage
Trust,
Series
2023-5C1,
Class
AS,
7.12%,
8/15/56
198,653
Total
(Cost $2,165,797)
2,184,382
Principal
Amount
Fair
Value
COMMERCIAL
PAPER
—
3.93%
500,000
General
Motors
Financial
Co
Inc,
0.00%,
8/5/26
(a)
497,978
500,000
Penske
Truck
Leasing
Co
LP,
0.00%,
8/10/26
497,611
Total
(Cost $995,742)
995,589
Principal
Amount
Fair
Value
U.S.
GOVERNMENT
&
AGENCIES
—
3.12%
390,000
United
States
Treasury
Bill,
0.00
%
,
7/02/26
389,961
400,000
United
States
Treasury
Bill,
0.00
%
,
7/07/26
399,762
Total
(Cost $789,722)
789,723
Sterling
Capital
Ultra
Short
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
3.23%
$
818,019
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(d)
$
818,019
Total
Money
Market
Funds
(Cost
$818,019)
818,019
Total
Investments—
102.37%
(Cost
$25,901,385)
25,918,253
Liabilities
in
Excess
of
Other
Assets
—
(2.37)%
(601,019)
NET
ASSETS
—
100.00%
$
25,317,234
(a)
Security
exempt
from
registration
under
Rule
144A
or
Section
4(2)
of
the
Securities
Act
of
1933.
The
security
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
The
Advisor,
using
Board
approved
procedures,
has
deemed
these
securities
or
a
portion
of
these
securities
to
be
liquid.
(b)
Security
is
a
fix-to-float
security,
which
carries
a
fixed
coupon
until
a
certain
date,
upon
which
it
switches
to
a
floating
rate.
Rate
shown
is
the
fixed
rate.
(c)
The
interest
rate
for
this
variable
rate
note,
which
will
change
periodically,
is
based
either
on
the
prime
rate
or
an
index
of
market
rates.
The
reflected
rate
is
in
effect
as
of
June
30,
2026.
The
maturity
date
reflected
is
the
final
maturity
date.
(d)
Represents
the
current
yield
as
of
report
date.
LLC
Limited
Liability
Corporation
LP
Limited
Partnership
Sterling
Capital
Short
Duration
Bond
ETF
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
57.60%
AEROSPACE
&
DEFENSE
—
3.08%
$
237,000
Boeing
Co.
(The),
6.26%,
5/01/27
$
240,147
250,000
Howmet
Aerospace,
Inc.,
6.75%,
1/15/28
258,339
253,000
Lockheed
Martin
Corp,
4.15%,
8/15/28
251,873
260,000
Honeywell
Aerospace,
Inc.,
4.00%,
3/16/29
(a)
256,448
1,006,807
ASSET
MANAGEMENT
—
4.20%
241,000
Blackstone
Private
Credit
Fund,
3.25%,
3/15/27
237,997
157,000
Golub
Capital
Private
Credit
Fund,
5.45%,
8/15/28
155,240
139,000
Ares
Strategic
Income
Fund,
5.45%,
9/09/28
(a)
137,641
300,000
Ares
Strategic
Income
Fund,
4.85%,
1/15/29
(a)
293,890
300,000
UBS
Group
AG,
4.15%,
12/23/29
(SOFR
+84.00
bps)
(a)
295,711
250,000
The
Charles
Schwab
Corp.,
4.74%,
5/21/30
250,471
1,370,950
AUTOMOTIVE
—
0.76%
250,000
Hyundai
Capital
America,
4.75%,
4/06/29
(a)
249,277
BANKS
—
10.32%
325,000
Nordea
Bank
Abp,
4.38%,
3/17/28
(a)
325,173
250,000
Manufacturers
&
Traders
Trust
Co,
4.76%,
7/06/28
250,370
339,000
Barclays
PLC,
4.84%,
9/10/28
(SOFR
+134.00
bps)
339,586
200,000
Standard
Chartered
PLC,
5.55%,
1/21/29
(H15T1Y
+105.00
bps)
(a)(b)
202,373
400,000
Bank
of
America
Corp.,
4.98%,
1/24/29
(SOFR
+83.00
bps)
(b)
402,184
300,000
Citizens
Bank
NA/Providence
RI,
4.19%,
1/29/29
297,561
250,000
Regions
Bank/Birmingham
AL,
4.76%,
7/27/29
250,090
300,000
Wells
Fargo
&
Co,
6.30%,
10/23/29
(SOFR
+179.00
bps)
(b)
310,335
325,000
Citigroup,
Inc.,
3.98%,
3/20/30
318,731
180,000
JPMorgan
Chase
&
Co.,
4.41%,
4/23/30
(a)
178,469
250,000
BNP
Paribas
SA,
4.89%,
6/30/30
(a)(b)
249,965
250,000
Mizuho
Financial
Group,
Inc.,
–%,
7/13/30
(b)
249,549
3,374,386
BIOTECH
&
PHARMA
—
0.85%
281,000
Zoetis,
Inc.,
4.15%,
8/17/28
279,124
CABLE
&
SATELLITE
—
0.47%
150,000
Charter
Communications
Operating
LLC,
6.10%,
6/01/29
153,664
Sterling
Capital
Short
Duration
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
CAPITAL
MARKETS
—
0.99%
$
320,000
Blackstone
Secured
Lending
Fund,
5.88%,
11/15/27
$
322,279
CHEMICALS
—
0.26%
85,000
Ecolab
Inc.,
4.30%,
6/15/28
84,804
COMMERCIAL
SUPPORT
SERVICES
—
0.66%
220,000
GFL
Environmental
Inc,
4.00%,
8/01/28
(a)
214,799
ELECTRIC
UTILITIES
—
3.32%
350,000
Entergy
Louisiana
LLC,
3.25%,
4/01/28
343,177
281,000
Dominion
Energy
Inc.,
4.60%,
5/15/28
281,067
100,000
Georgia
Power
Co.,
4.00%,
10/01/28
99,002
106,000
Vistra
Operations
Co.
LLC,
4.30%,
10/15/28
(a)
104,758
110,000
Public
Service
Co.
of
Colorado,
4.15%,
3/13/29
108,960
150,000
Vistra
Operations
Co.
LLC,
4.30%,
7/15/29
(a)
146,925
1,083,889
FOOD
—
0.74%
240,000
Mars,
Inc.,
4.60%,
3/01/28
(a)
240,425
FORESTRY,
PAPER
&
WOOD
PRODUCTS
—
0.26%
85,000
Georgia-Pacific
LLC,
4.40%,
6/30/28
(a)
84,692
INDUSTRIAL
SUPPORT
SERVICES
—
0.40%
130,000
Element
Fleet
Management
Corp,
4.80%,
5/29/29
(a)
129,680
INSTITUTIONAL
FINANCIAL
SERVICES
—
1.59%
228,000
Morgan
Stanley,
4.13%,
10/18/29
224,888
300,000
Morgan
Stanley,
4.24%,
1/09/30
296,082
520,970
INSURANCE
—
7.35%
96,000
Sammons
Financial
Group
Global
Funding,
5.05%,
1/10/28
(a)
96,210
162,000
Corebridge
Global
Funding,
4.25%,
8/21/28
(a)(c)
160,393
415,000
RGA
Global
Funding,
4.35%,
8/25/28
(a)
411,560
280,000
SBL
Holdings
Inc,
5.90%,
9/26/28
(a)
272,855
179,000
Fortitude
Global
Funding,
4.63%,
10/06/28
(a)
177,063
140,000
American
National
Global
Funding,
4.63%,
12/15/28
(a)
138,500
345,000
GA
Global
Funding
Trust,
5.50%,
1/08/29
(a)
348,541
420,000
Athene
Global
Funding,
5.58%,
1/09/29
(a)
426,040
100,000
Corebridge
Global
Funding,
4.80%,
5/29/29
(a)
99,830
120,000
American
National
Global
Funding,
5.00%,
6/22/29
(a)
119,623
Sterling
Capital
Short
Duration
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
INSURANCE
—
(continued)
$
150,000
Sammons
Financial
Group
Global
Funding,
5.10%,
12/10/29
(a)
$
150,630
2,401,245
INTERNET
MEDIA
&
SERVICES
—
2.06%
200,000
Match
Group
Holdings
II
LLC,
4.63%,
6/01/28
(a)
197,269
250,000
Alphabet,
Inc.,
3.70%,
2/15/29
245,942
230,000
Airbnb,
Inc.,
4.40%,
3/16/29
228,753
671,964
LEISURE
FACILITIES
&
SERVICES
—
1.88%
99,000
MGM
Resorts
International,
5.50%,
4/15/27
99,154
151,000
Starbucks
Corp,
4.50%,
5/15/28
150,970
170,000
NCL
Corp.
Ltd.,
7.75%,
2/15/29
(a)
177,393
185,000
Carnival
Corp.,
5.13%,
5/01/29
(a)
184,714
612,231
LEISURE
PRODUCTS
—
0.89%
300,000
Mattel
Inc,
3.75%,
4/01/29
(a)
290,932
MACHINERY
—
0.75%
246,000
John
Deere
Capital
Corp,
4.25%,
6/05/28
245,593
MEDICAL
EQUIPMENT
&
DEVICES
—
0.35%
115,000
GE
HealthCare
Technologies,
Inc.,
4.15%,
12/15/28
113,976
OIL
&
GAS
PRODUCERS
—
4.58%
275,000
ONEOK
Inc.,
5.63%,
1/15/28
(a)
277,703
190,000
Buckeye
Partners
LP,
4.50%,
3/01/28
(a)
188,101
193,000
Hess
Midstream
Operations
LP,
5.88%,
3/01/28
(a)
194,364
237,000
Woodside
Finance
Ltd.,
4.90%,
5/19/28
237,750
105,000
Targa
Resources
Corp.,
4.35%,
1/15/29
104,203
175,000
Venture
Global
LNG
Inc,
9.50%,
2/01/29
(a)
188,361
300,000
Hess
Midstream
Operations
LP,
6.50%,
6/01/29
(a)
306,131
1,496,613
REIT
—
1.51%
50,000
Global
Net
Lease
Operating
Partnership
LP,
3.75%,
12/15/27
(a)
48,938
73,000
Store
Capital
LLC.,
4.50%,
3/15/28
72,571
64,000
LXP
Industrial
Trust,
6.75%,
11/15/28
66,358
325,000
CubeSmart
LP,
2.25%,
12/15/28
306,916
494,783
Sterling
Capital
Short
Duration
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
RETAIL
-
DISCRETIONARY
—
0.76%
$
250,000
ERAC
USA
Finance
LLC,
4.50%,
10/30/29
(a)
$
248,289
SOFTWARE
—
1.42%
312,000
Synopsys,
Inc.,
4.65%,
4/01/28
312,335
155,000
Oracle
Corp.,
4.55%,
2/04/29
152,801
465,136
SPECIALTY
FINANCE
—
1.90%
113,000
Avolon
Holdings
Funding
Ltd.,
4.95%,
1/15/28
(a)
113,252
251,000
OneMain
Finance
Corp.,
3.88%,
9/15/28
243,092
275,000
AerCap
Ireland
Capital
DAC,
3.00%,
10/29/28
264,706
621,050
STEEL
—
0.22%
73,000
Steel
Dynamics,
Inc.,
4.00%,
12/15/28
71,897
TECHNOLOGY
HARDWARE
—
1.64%
240,000
Motorola
Solutions
Inc.,
4.60%,
2/23/28
240,554
300,000
Dell
International
LLC
/
EMC
Corp.,
4.15%,
2/15/29
(d)
296,517
537,071
TECHNOLOGY
SERVICES
—
0.34%
110,000
Fidelity
National
Information
Services,
Inc.,
4.45%,
3/10/28
109,609
TELECOMMUNICATIONS
—
1.45%
159,250
Sprint
Spectrum
Co.
LLC
/
Sprint
Spectrum
Co.
II
LLC,
Series
2018-1,
5.15%,
3/20/28
(a)
159,677
300,000
Sprint
Capital
Corporation,
6.88%,
11/15/28
314,432
474,109
TOBACCO
&
CANNABIS
—
0.89%
295,000
Philip
Morris
International
Inc.,
4.13%,
4/28/28
293,420
TRANSPORTATION
&
LOGISTICS
—
1.71%
150,000
Delta
Air
Lines
Inc.,
4.95%,
7/10/28
150,551
250,000
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.,
4.75%,
10/20/28
(a)
249,785
160,000
United
Airlines
Holdings
Inc,
4.88%,
3/01/29
158,126
558,462
Total
(Cost $18,891,222)
18,822,126
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
26.36%
220,000
Avis
Budget
Rental
Car
Funding
AESOP
LLC,
Series
1A
,
Class
A,
4.80%,
8/20/29
(a)
219,991
Sterling
Capital
Short
Duration
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
283,681
OneMain
Direct
Auto
Receivables
Trust,
Series
1A
,
Class
A,
5.41%,
11/14/29
(a)
$
284,894
300,000
Avis
Budget
Rental
Car
Funding
AESOP
LLC,
Series
3A
,
Class
A,
4.17%,
2/20/30
(a)
295,466
500,000
Hertz
Vehicle
Financing
III
LLC,
Series
4A
,
Class
A,
6.15%,
3/25/30
(a)
513,925
550,000
Dryden
CLO
Ltd.,
Series
53A
,
Class
BR,
4.97%,
1/15/31
(a)(b)(e)
550,913
255,000
Yamaha
Motor
Master
Trust
II,
Series
A
,
Class
A1,
5.15%,
4/15/31
(a)
253,348
450,000
Santander
Drive
Auto
Receivables
Trust,
Series
2025-2
,
4.87%,
5/15/31
452,241
270,819
Fortress
Credit
BSL
IX
Ltd,
Series
1A
,
Class
A1AR,
4.78%,
10/20/33
(a)
270,859
414,000
Neuberger
Berman
Loan
Advisers
CLO
41
Ltd.,
Series
41A
,
Class
AR,
4.72%,
4/15/34
(TSFR3M
+105.00
bps)
(a)(b)(e)
414,273
420,000
ARES
XLIV
CLO
Ltd,
Series
44A
,
Class
A1RR,
4.80%,
4/15/34
(TSFR3M
+113.00
bps)
(a)(b)(e)
420,391
150,000
Magnetite
XXI
Ltd,
Series
21AR
,
Class
BR2,
4.93%,
4/20/34
(a)(b)(e)
149,163
275,000
Magnetite
XXXI
Ltd.,
Series
31A
,
Class
A1R,
4.67%,
7/15/34
(a)
275,008
417,000
LCM
33
Ltd,
Series
33A
,
Class
AR,
4.84%,
7/20/34
(TSFR3M
+118.00
bps)
(a)(b)
417,063
331,000
Affirm
Master
Trust
Series
2025-3,
Series
3A
,
Class
A,
4.45%,
10/16/34
(a)
328,374
221,694
Hilton
Grand
Vacations
Trust,
Series
2024-3A
,
Class
A,
4.98%,
8/27/40
(a)
221,976
168,166
Sierra
Timeshare
Receivables
Funding
LLC,
Series
2024-2A
,
Class
A,
5.14%,
6/20/41
(a)
168,526
90,920
Sierra
Timeshare
Receivables
Funding
LLC,
Series
3A
,
Class
A,
4.83%,
8/20/41
(a)
90,824
519,678
Tricon
Residential
Trust,
Series
2025-SFR
,
Class
A,
4.73%,
3/17/42
(TSFR3M
+110.00
bps)
(a)(e)
519,676
305,141
MVW
LLC,
Series
2024-2
,
Class
A,
4.43%,
3/20/42
(a)
303,522
206,125
HINNT
LLC,
Series
2025-A
,
Class
A,
5.01%,
3/15/44
(a)
205,948
350,000
Vantage
Data
Centers
LLC,
Series
2A
,
Class
A2,
1.99%,
9/15/45
(a)
335,657
350,000
Retained
Vantage
Data
Centers
Issuer
LLC,
Series
1A
,
Class
A2A,
5.00%,
9/15/48
(a)
346,470
357,000
Morgan
Stanley
Bank
of
America,
Series
C31
,
Class
A5,
3.10%,
11/15/49
355,056
299,642
SMB
Private
Education
Loan
Trust,
Series
2021-B
,
Class
A,
1.31%,
7/17/51
(a)(c)
283,262
Sterling
Capital
Short
Duration
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
278,910
Navient
Refinance
Loan
Trust,
Series
A
,
Class
A,
5.15%,
2/16/55
(a)
$
279,583
330,000
BANK5
2023-5YR1
A3,
Series
5YR1
,
Class
A3,
6.26%,
4/15/56
335,977
363,979
Navient
Private
Education
Refi
Loan
Trust,
Series
2021-F
,
1.11%,
2/18/70
(a)
321,168
Total
(Cost $8,605,856)
8,613,554
Principal
Amount
Fair
Value
COMMERCIAL
MORTGAGE-BACKED
SECURITIES
—
8.96%
200,000
BANK5
Trust,
Series
2024-5YR5,
Class
AS,
6.27%,
2/15/29
204,406
365,000
Benchmark
Mortgage
Trust,
Series
V6,
Class
AS,
6.38%,
3/15/29
374,627
73,097
BX
Commercial
Mortgage
Trust,
Series
2021-ACNT,
Class
C,
5.24%,
11/15/38
(a)
73,097
257,254
SMR
Mortgage
Trust,
Series
2022-IND,
Class
A,
5.28%,
2/15/39
(a)
257,254
415,092
CD
Mortgage
Trust,
Series
2016-CD2,
Class
A4,
3.53%,
11/10/49
(b)
410,413
115,436
CSAIL
Commercial
Mortgage
Trust,
Series
2015-C7,
Class
A5,
3.50%,
11/15/49
115,065
410,000
CD
Mortgage
Trust,
Series
2017-CD3,
Class
A4,
3.63%,
2/10/50
403,755
160,000
COMM
Mortgage
Trust,
Series
COR2,
Class
A3,
3.51%,
9/10/50
158,071
75,000
Benchmark
Mortgage
Trust,
Series
2023-V2,
Class
A3,
5.81%,
5/15/55
76,158
400,000
Benchmark
Mortgage
Trust,
Series
2023-V3,
Class
A3,
6.36%,
7/15/56
409,906
228,000
BMO
Mortgage
Trust,
Series
2023-5C1,
Class
AS,
7.12%,
8/15/56
235,901
100,000
BANK5
Trust,
Series
2023-5YR3,
Class
AS,
7.32%,
9/15/56
104,497
100,000
BANK5
Trust,
Series
2023-5YR4,
Class
AS,
7.27%,
12/15/56
104,190
Total
(Cost $2,908,203)
2,927,340
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
4.73%
383,282
TSTAT
2022-1
Ltd,
Series
1A,
Class
AR3,
4.62%,
1/20/32
(a)
383,286
232,707
Fannie
Mae,
5.90%,
7/01/36
(H15T1Y
+219.40
bps)
237,916
325
Fannie
Mae,
Series
72,
Class
NA,
2.50%,
8/25/42
325
191,328
Fannie
Mae,
Series
35,
Class
CB,
2.00%,
2/25/43
186,629
128,195
Fannie
Mae,
Series
100,
Class
DA,
3.00%,
2/25/43
125,686
Sterling
Capital
Short
Duration
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
(continued)
$
147,795
Freddie
Mac,
Series
4828,
Class
QA,
3.50%,
3/15/47
$
146,061
515,123
Chase
Home
Lending
Mortgage
Trust,
Series
2019-
ATR2,
Class
A3,
3.50%,
8/25/49
(a)
467,422
Total
(Cost $1,615,237)
1,547,325
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
0.29%
New
York
—
0.29%
95,000
City
of
New
York
NY
,
4.67
%,
2/1/28
95,457
Total
(Cost $95,000)
95,457
Principal
Amount
Fair
Value
U.S.
GOVERNMENT
&
AGENCIES
—
0.83%
275,000
United
States
Treasury
Note/Bond,
3.38
%
,
2/29/28
271,573
Total
(Cost $273,150)
271,573
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
1.02%
333,732
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(f)
333,732
Total
Money
Market
Funds
(Cost
$333,732)
333,732
Total
Investments—
99.79%
(Cost
$32,722,400)
32,611,107
Other
Assets
in
Excess
of
Liabilities
—
0.21%
68,274
NET
ASSETS
—
100.00%
$
32,679,381
(a)
Security
exempt
from
registration
under
Rule
144A
or
Section
4(2)
of
the
Securities
Act
of
1933.
The
security
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
The
Advisor,
using
Board
approved
procedures,
has
deemed
these
securities
or
a
portion
of
these
securities
to
be
liquid.
(b)
The
interest
rate
for
this
variable
rate
note,
which
will
change
periodically,
is
based
either
on
the
prime
rate
or
an
index
of
market
rates.
The
reflected
rate
is
in
effect
as
of
June
30,
2026.
The
maturity
date
reflected
is
the
final
maturity
date.
(c)
All
or
a
portion
of
the
securities
are
held
in
a
separate
collateral
account
at
US
Bank.
The
total
value
of
securities
held
in
a
separate
collateral
account
as
of
the
period
ended
June
30,
2026
is
$238,842,
which
represents
0.73%
of
net
assets.
(d)
The
security
was
purchased
on a
when-issued
or
forward
commitment
basis
(Note
3)
(e)
Security
is
a
fix-to-float
security,
which
carries
a
fixed
coupon
until
a
certain
date,
upon
which
it
switches
to
a
floating
rate.
Rate
shown
is
the
fixed
rate.
(f)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Short
Duration
Bond
ETF
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
FUTURES
CONTRACTS
Contracts
Expiration
Date
Notional
Value
Aggregate
Market
Value
of
Contracts
Unrealized
Appreciation
(Depreciation)
CBOT
2
Year
US
Treasury
Note
Future
14
10/01/2026
$
2,885,859
$
2,885,859
$
—
Sterling
Capital
Intermediate
U.S.
Government
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
1.66%
BANKING
—
0.88%
$
200,000
Federal
Home
Loan
Banks,
5.07%,
11/19/37
$
195,623
ELECTRIC
UTILITIES
—
0.78%
168,000
Appalachian
Power
Recovery
Funding
LLC,
5.37%,
4/01/40
172,124
Total
(Cost $367,797)
367,747
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
2.33%
183,000
Avis
Budget
Rental
Car
Funding
AESOP
LLC,
Series
2023-1A
,
Class
A,
5.36%,
6/20/30
(a)
185,773
52,852
United
States
Small
Business
Administration,
Series
2015-20G
,
Class
1,
2.88%,
7/01/35
(b)
49,732
125,000
Benchmark
2024-V9
Mortgage
Trust,
Series
V9
,
Class
AS,
6.06%,
8/15/57
127,504
150,000
BANK5
2024-5YR9,
Series
5YR9
,
Class
AS,
6.18%,
8/15/57
153,560
Total
(Cost $524,483)
516,569
Principal
Amount
Fair
Value
COMMERCIAL
MORTGAGE-BACKED
SECURITIES
—
10.69%
209,490
Freddie
Mac
Multifamily
Structured
Pass
Through,
Series
K060,
Class
A2,
3.30%,
10/25/26
208,526
1,078
Freddie
Mac
Multifamily
Structured
Pass
Through,
Series
K061,
Class
A2,
3.35%,
11/25/26
1,073
315,252
Fannie
Mae-Aces,
Series
2017-M7,
Class
A2,
2.96%,
2/25/27
312,354
164,737
Fannie
Mae-Aces,
Series
2017-M8,
Class
A2,
3.06%,
5/25/27
162,983
123,098
Freddie
Mac
Multifamily
Structured
Pass
Through,
Series
K066,
Class
A2,
3.12%,
6/25/27
121,800
168,104
Freddie
Mac
Multifamily
Structured
Pass
Through,
Series
K069,
Class
A2,
3.19%,
9/25/27
165,736
275,000
Freddie
Mac
Multifamily
Structured
Pass
Through,
Series
K079,
Class
A2,
3.93%,
6/25/28
272,164
345,966
Fannie
Mae-Aces,
Series
2018-M10,
Class
A2,
3.36%,
7/25/28
339,647
100,000
BANK5
Trust,
Series
2024-5YR5,
Class
AS,
6.27%,
2/15/29
102,203
100,000
BANK
Trust,
Series
2024-BNK48,
Class
A5,
5.05%,
9/15/34
99,952
160,000
BMO
Mortgage
Trust,
Series
2023-5C1,
Class
AS,
7.12%,
8/15/56
165,545
150,000
BANK5
Trust,
Series
2023-5YR3,
Class
AS,
7.32%,
9/15/56
156,745
Sterling
Capital
Intermediate
U.S.
Government
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COMMERCIAL
MORTGAGE-BACKED
SECURITIES
—
(continued)
$
150,000
BANK5
Trust,
Series
2024-5YR6,
Class
A3,
6.23%,
5/15/57
$
154,568
100,000
BANK5
Trust,
Series
2024-5YR6,
Class
AS,
6.79%,
5/15/57
103,677
Total
(Cost $2,400,591)
2,366,973
Principal
Amount
Fair
Value
MORTGAGE-BACKED
SECURITIES
—
27.72%
Fannie
Mae
—
21.55%
109,494
4.00%,
12/01/33,
Pool
#MA1689
107,436
29,682
4.00%,
12/01/36,
Pool
#MA2856
28,910
27,320
4.00%,
2/01/37,
Pool
#MA2914
26,616
301,905
1.50%,
12/01/40,
Pool
#MA4202
254,811
153,877
2.00%,
12/01/40,
Pool
#RB5090
134,110
168,734
5.00%,
8/01/41,
Pool
#MA5205
170,164
74,995
6.00%,
9/01/43,
Pool
#MA5158
76,729
28,560
4.00%,
5/01/47,
Pool
#BE9598
27,116
37,987
5.00%,
8/01/48,
Pool
#CA2219
38,086
36,884
3.50%,
9/01/49,
Pool
#BJ9608
33,842
46,011
3.50%,
10/01/49,
Pool
#CA4431
42,174
161,704
3.00%,
7/01/50,
Pool
#CA6421
141,825
162,735
3.00%,
7/01/50,
Pool
#CA6422
142,754
134,196
2.00%,
8/01/50,
Pool
#CA6799
109,002
145,270
2.50%,
8/01/50,
Pool
#CA6707
124,257
209,383
2.00%,
9/01/50,
Pool
#CA7019
169,937
106,460
2.50%,
9/01/50,
Pool
#BQ0538
89,673
239,024
2.50%,
9/01/50,
Pool
#BQ2883
201,148
361,184
3.50%,
9/01/50,
Pool
#FS5284
330,680
294,258
2.00%,
10/01/50,
Pool
#CA7224
238,032
217,320
2.50%,
10/01/50,
Pool
#FM4530
184,050
236,843
2.50%,
10/01/50,
Pool
#FM4638
199,999
92,835
3.50%,
6/01/52,
Pool
#SD2670
85,384
151,233
4.00%,
7/01/52,
Pool
#FS2516
142,053
138,762
4.50%,
8/01/52,
Pool
#SD1515
134,227
208,549
5.00%,
9/01/52,
Pool
#RA7936
206,900
186,192
4.50%,
11/01/52,
Pool
#FS6858
180,708
109,012
5.00%,
11/01/52,
Pool
#CB5278
107,983
122,902
5.50%,
2/01/53,
Pool
#QF8052
124,044
Sterling
Capital
Intermediate
U.S.
Government
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MORTGAGE-BACKED
SECURITIES
—
(continued)
Fannie
Mae
—
(continued)
$
150,019
5.00%,
3/01/53,
Pool
#SD2390
$
148,699
155,255
5.50%,
2/01/54,
Pool
#FA0202
156,616
251,587
6.00%,
5/01/54,
Pool
#FM2472
259,091
140,879
5.50%,
11/01/54,
Pool
#FS9801
141,577
211,128
5.00%,
4/01/55,
Pool
#CC0236
207,979
4,766,612
Federal
Farm
Credit
Banks
Funding
Corp.
—
0.31%
86,000
2.40%,
3/24/36
69,864
Federal
Home
Loan
Banks
—
0.24%
60,000
1.90%,
10/07/31
52,734
Freddie
Mac
—
5.19%
65,384
4.00%,
12/01/35,
Pool
#ZA2401
63,691
43,566
4.00%,
3/01/39,
Pool
#ZA6403
42,140
107,208
3.50%,
1/01/47,
Pool
#ZT0941
98,934
73,977
3.00%,
12/01/51,
Pool
#SD8184
65,099
138,668
4.50%,
6/01/52,
Pool
#SD1265
134,240
144,289
4.00%,
2/01/53,
Pool
#SD7560
136,622
65,270
6.00%,
5/01/53,
Pool
#SD3072
66,888
121,457
6.00%,
7/01/53,
Pool
#SD3223
124,945
161,758
5.50%,
6/01/54,
Pool
#SD5479
164,391
246,166
6.00%,
9/01/54,
Pool
#SD6337
252,925
1,149,875
Ginnie
Mae
II
—
0.43%
23,178
5.00%,
11/20/38,
Pool
#4283
23,014
77,117
4.00%,
7/20/52,
Pool
#786280
72,049
95,063
Total
(Cost $6,581,421)
6,134,148
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
22.79%
77,349
Freddie
Mac,
Series
3787,
Class
LM,
4.00%,
1/15/31
76,667
42,943
Freddie
Mac,
Series
4151,
Class
PA,
2.00%,
1/15/33
40,498
148,063
Fannie
Mae-Aces,
Series
M1,
Class
1A3,
3.43%,
1/25/33
139,570
Sterling
Capital
Intermediate
U.S.
Government
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
(continued)
$
175,000
Freddie
Mac,
Series
4172,
Class
KB,
3.00%,
2/15/33
$
162,910
191,950
Ginnie
Mae,
Series
181,
Class
AV,
5.50%,
2/20/33
193,222
48,974
Fannie
Mae,
Series
2013-44,
Class
DJ,
1.85%,
5/25/33
45,513
19,351
Fannie
Mae,
Series
2003-44,
Class
Q,
3.50%,
6/25/33
18,826
133,136
Fannie
Mae
REMICS,
Series
108,
Class
GU,
3.00%,
10/25/33
127,236
136,640
Ginnie
Mae,
Series
2023-79,
Class
DV,
5.50%,
5/20/34
137,272
67,347
Fannie
Mae,
Series
2005-31,
Class
PB,
5.50%,
4/25/35
68,721
129,356
Freddie
Mac
REMICS,
Series
3203,
Class
ZW,
5.00%,
11/15/35
129,729
118,386
Fannie
Mae
REMICS,
Series
44,
Class
DA,
3.00%,
7/25/36
113,698
23,104
Ginnie
Mae,
Series
2013-133,
Class
PL,
3.50%,
2/16/37
22,670
469,714
Fannie
Mae-Aces,
Series
M1,
Class
2A1,
3.95%,
12/25/37
450,165
122,244
Freddie
Mac,
Series
4863,
Class
AJ,
3.50%,
7/15/38
117,232
44,546
Freddie
Mac,
Series
4122,
Class
BC,
3.00%,
5/15/40
41,960
128,412
Ginnie
Mae,
Series
137,
Class
WA,
5.58%,
7/20/40
131,083
150,000
Ginnie
Mae,
Series
81,
Class
AL,
4.50%,
8/20/40
143,187
99,494
Progress
Residential
Trust,
Series
SFR1,
Class
A,
3.40%,
2/17/42
(a)
94,387
142,159
Fannie
Mae,
Series
2012-87,
Class
MB,
2.00%,
5/25/42
133,945
106,902
Fannie
Mae,
Series
2012-150,
Class
KA,
1.75%,
1/25/43
89,462
123,609
Freddie
Mac,
Series
4173,
Class
NB,
3.00%,
3/15/43
112,520
183,000
Government
National
Mortgage
Association,
Series
129,
Class
EP,
4.00%,
9/20/43
172,988
315,000
Freddie
Mac,
Series
4669,
Class
QY,
3.50%,
9/15/44
307,203
31,921
Ginnie
Mae,
Series
2015-162,
Class
EB,
2.50%,
9/20/44
30,148
452,430
Freddie
Mac,
Series
4601,
Class
NJ,
1.90%,
9/15/45
403,394
127,023
Fannie
Mae,
Series
2016-49,
Class
PA,
3.00%,
9/25/45
119,090
74,222
Freddie
Mac,
Series
4656,
Class
PA,
3.50%,
10/15/45
71,665
110,339
Fannie
Mae,
Series
2016-24,
Class
CD,
1.75%,
2/25/46
94,930
163,739
Fannie
Mae,
Series
2016-88,
Class
PK,
2.50%,
3/25/46
149,981
149,990
Fannie
Mae
REMICS,
Series
3,
Class
PG,
3.00%,
1/25/47
136,981
43,714
Freddie
Mac,
Series
5380,
Class
A,
5.50%,
9/25/47
43,788
193,679
Fannie
Mae,
Series
2019-25,
Class
PD,
2.50%,
5/25/48
177,711
349,092
Freddie
Mac
REMICS,
Series
4929,
Class
PA,
2.50%,
9/25/49
298,223
Sterling
Capital
Intermediate
U.S.
Government
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
(continued)
$
165,440
Freddie
Mac,
Series
4942,
Class
NC,
2.50%,
10/25/49
$
144,292
77,519
Government
National
Mortgage
Association,
Series
139,
Class
NA,
5.00%,
8/20/51
76,979
152,836
Ginnie
Mae,
Series
2022-137,
Class
PA,
4.00%,
5/20/52
147,256
78,610
Government
National
Mortgage
Association,
Series
130,
Class
AN,
4.75%,
7/16/52
78,424
Total
(Cost $5,147,901)
5,043,526
Principal
Amount
Fair
Value
U.S.
GOVERNMENT
&
AGENCIES
—
2.59%
200,000
Federal
Farm
Credit
Banks
Funding
Corp.,
5.34
%
,
1/22/41
198,040
377,895
Freddie
Mac
Pool,
5.00
%
,
2/01/53
374,092
Total
(Cost $577,017)
572,132
Principal
Amount
Fair
Value
U.S.
TREASURY
BONDS
&
NOTES
—
30.68%
1,150,000
United
States
Treasury
Strip,
0.00
%
,
5/15/29
1,019,793
3,600,000
United
States
Treasury
Note,
2.75
%
,
8/15/32
(b)
3,306,234
1,000,000
United
States
Treasury
Strip,
0.00
%
,
11/15/32
759,565
1,169,600
United
States
Treasury
Note,
4.00
%
,
2/15/34
1,142,644
200,000
U.S.
Treasury
Bond,
3.88
%
,
8/15/40
182,461
300,000
United
States
Treasury
Inflation
Indexed
Bonds,
0.13
%
,
2/15/52
185,657
200,000
United
States
Treasury
Inflation
Indexed
Bonds,
2.38
%
,
2/15/55
194,166
Total
(Cost $6,840,724)
6,790,520
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
1.89%
419,332
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(c)
419,332
Total
Money
Market
Funds
(Cost
$419,332)
419,332
Total
Investments—
100.35%
(Cost
$22,859,266)
22,210,947
Liabilities
in
Excess
of
Other
Assets
—
(0.35)%
(78,236)
NET
ASSETS
—
100.00%
$
22,132,711
Sterling
Capital
Intermediate
U.S.
Government
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
(a)
Security
exempt
from
registration
under
Rule
144A
or
Section
4(2)
of
the
Securities
Act
of
1933.
The
security
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
The
Advisor,
using
Board
approved
procedures,
has
deemed
these
securities
or
a
portion
of
these
securities
to
be
liquid.
(b)
All
or
a
portion
of
the
securities
are
held
in
a
separate
collateral
account
at
US
Bank.
The
total
value
of
securities
held
in
a
separate
collateral
account
as
of
the
period
ended
June
30,
2026
is
$285,034,
which
represents
1.29%
of
net
assets.
(c)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
PREFERRED
STOCKS
—
0.20%
Asset
Management
—
0.20%
$
117,650
Apollo
Global
Management,
Inc.
$
3,001,252
Total
Preferred
Stocks
(Cost $3,065,046)
3,001,252
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
26.89%
Aerospace
&
Defense
—
0.89%
2,184,000
BAE
Systems
PLC,
5.13%,
3/26/29
(a)
2,214,085
1,289,000
Howmet
Aerospace,
Inc.,
4.55%,
11/15/32
1,267,533
2,360,000
Boeing
Co.
(The),
5.71%,
5/01/40
2,399,756
2,280,000
Boeing
Co.
(The),
5.93%,
5/01/60
2,242,781
4,953,000
Honeywell
Aerospace,
Inc.,
5.85%,
3/16/66
(a)
4,990,573
13,114,728
Asset
Management
—
1.14%
706,000
Blue
Owl
Capital
Corp.,
5.95%,
3/15/29
705,985
3,430,000
Apollo
Debt
Solutions
BDC,
6.90%,
4/13/29
3,520,374
3,488,000
Blackstone
Secured
Lending
Fund,
5.13%,
1/31/31
3,340,979
2,177,000
Goldman
Sachs
Private
Credit
Corp,
5.88%,
1/31/31
2,150,325
3,606,000
Ares
Capital
Corp.,
5.25%,
4/12/31
3,503,575
2,265,000
Golub
Capital
Private
Credit
Fund,
5.60%,
4/15/31
(a)
2,168,486
1,528,000
Ares
Finance
Co.
III
LLC,
4.13%,
6/30/51
(H15T5Y
+323.70
bps)
(a)(b)
1,524,948
16,914,672
Automotive
—
0.42%
3,089,000
American
Honda
Finance
Corp.,
4.90%,
4/10/31
3,078,022
3,122,000
Hyundai
Capital
America,
5.40%,
6/23/32
(a)
3,171,573
6,249,595
Banks
—
3.63%
1,761,000
Huntington
Bancshares,
Inc.,
6.21%,
8/21/29
1,812,703
2,941,000
JPMorgan
Chase
&
Co.,
5.01%,
1/23/30
2,960,921
1,475,000
Citizens
Financial
Group,
Inc.,
5.84%,
1/23/30
(b)
1,511,803
1,754,000
Barclays
PLC,
5.09%,
6/20/30
(3MOLIBOR
+305.40
bps)
(b)
1,758,847
3,034,000
Sumitomo
Mitsui
Financial
Group,
Inc.,
2.13%,
7/08/30
2,737,715
1,638,000
Wells
Fargo
&
Co.,
2.88%,
10/30/30
(b)
1,541,894
3,322,000
Citigroup,
Inc.,
2.98%,
11/05/30
(b)
3,136,835
2,021,000
Toronto-Dominion
Bank
(The),
3.63%,
9/15/31
(USD
SWAP
SEMI
30/360
5YR
+220.50
bps)
(b)
2,016,365
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Banks
—
(continued)
$
3,937,000
Westpac
Banking
Corp.,
GMTN,
4.32%,
11/23/31
(USISOA05
+224.00
bps)
(b)
$
3,930,018
3,885,000
Macquarie
Group
Ltd,
2.69%,
6/23/32
(a)(b)
3,492,454
2,414,000
Mitsubishi
UFJ
Financial
Group
Inc.,
2.49%,
10/13/32
(H15T1Y
+97.00
bps)
(b)
2,137,742
2,917,000
Fifth
Third
Bancorp,
4.34%,
4/25/33
(b)
2,813,026
5,191,000
Bank
of
America
Corp.,
5.02%,
7/22/33
(SOFR
+216.00
bps)
(b)
5,198,699
2,857,000
Wells
Fargo
&
Co.,
4.90%,
7/25/33
(SOFR
+210.00
bps)
(b)
2,838,871
3,335,000
JPMorgan
Chase
&
Co.,
4.91%,
7/25/33
3,331,022
1,926,000
Regions
Financial
Corp.,
5.50%,
9/06/35
1,948,648
2,809,000
Bank
of
America
Corp.,
5.74%,
2/12/36
(SOFR
+169.70
bps)
(b)
2,865,648
2,139,000
JPMorgan
Chase
&
Co.,
5.58%,
7/23/36
(SOFR
+163.50
bps)
(b)
2,171,497
2,620,000
Fifth
Third
Bancorp,
5.14%,
1/29/37
(b)
2,571,854
1,109,000
Sumitomo
Mitsui
Financial
Group,
Inc.,
5.33%,
3/03/41
1,079,736
2,489,000
Wells
Fargo
&
Co.,
3.07%,
4/30/41
(b)
1,900,753
53,757,051
Beverages
—
0.33%
2,401,000
Constellation
Brands,
Inc.,
4.85%,
5/06/31
2,400,311
2,505,000
Bacardi
Ltd.
/
Bacardi-Martini
BV,
5.40%,
6/15/33
(a)
2,509,041
4,909,352
Biotech
&
Pharma
—
0.43%
2,335,000
CSL
Finance
PLC,
4.25%,
4/27/32
(a)
2,244,696
4,057,000
Eli
Lilly
&
Co,
5.55%,
10/15/55
4,054,793
6,299,489
Biotechnology
—
0.24%
3,576,000
Amgen,
Inc.,
5.60%,
3/02/43
3,554,463
Cable
&
Satellite
—
0.49%
1,579,000
Charter
Communications
Operating
LLC,
6.10%,
6/01/29
1,617,565
2,160,000
Space
Exploration
Technologies
Corp.,
5.65%,
7/15/33
(a)
2,147,131
1,180,000
Charter
Communications
Operating
LLC,
6.65%,
2/01/34
1,210,699
2,302,000
Charter
Communications
Operating
LLC,
6.55%,
6/01/34
2,350,007
7,325,402
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Capital
Markets
—
0.45%
$
1,051,000
Ares
Management
Corp.,
6.38%,
11/10/28
$
1,087,353
4,574,000
Morgan
Stanley,
MTN,
5.25%,
4/21/34
(b)
4,602,795
1,081,000
Morgan
Stanley,
5.31%,
1/18/41
(b)
1,053,521
6,743,669
Construction
Materials
—
0.16%
2,502,000
CRH
America
Finance,
Inc.,
5.00%,
2/09/36
2,447,047
Consumer
Services
—
0.31%
2,317,000
Duke
University,
3.30%,
10/01/46
1,696,372
3,898,000
Lehigh
University,
3.48%,
11/15/46
2,833,781
4,530,153
Diversified
Telecommunication
Services
—
0.06%
908,000
Verizon
Communications,
Inc.,
5.88%,
11/30/55
880,922
E-Commerce
Discretionary
—
0.18%
2,401,000
Amazon.com,
Inc.,
2.88%,
5/12/41
1,778,040
867,000
Amazon.com,
Inc.,
5.80%,
3/13/56
861,469
2,639,509
Electric
Utilities
—
2.75%
2,375,000
NextEra
Energy
Capital
Holdings,
Inc.,
2.44%,
1/15/32
2,094,519
1,079,000
Eversource
Energy,
3.38%,
3/01/32
992,440
2,347,000
FirstEnergy
Transmission
LLC,
4.75%,
1/15/33
2,300,611
2,139,000
CenterPoint
Energy
Houston
Electric
LLC,
5.15%,
3/01/34
2,158,093
2,843,000
DTE
Electric
Co,
5.25%,
5/15/35
2,875,903
1,902,000
NRG
Energy
Inc,
5.41%,
10/15/35
(a),(c)
1,869,429
813,000
Virginia
Electric
and
Power
Co,
4.95%,
3/15/36
795,752
2,314,000
Duke
Energy
Florida
LLC,
6.40%,
6/15/38
2,521,345
3,104,000
Indiana
Michigan
Power
Co.,
4.55%,
3/15/46
2,656,023
10,897,000
Appalachian
Power
Recovery
Funding
LLC,
5.84%,
4/01/46
11,124,024
3,804,000
Duke
Energy
Progress
LLC,
3.60%,
9/15/47
2,810,964
1,846,000
Sempra,
4.00%,
2/01/48
1,392,711
2,415,000
Puget
Sound
Energy,
Inc.,
4.22%,
6/15/48
1,955,205
2,626,000
Southwestern
Public
Service
Co.,
3.15%,
5/01/50
1,726,750
2,992,000
Entergy
Louisiana
LLC,
5.70%,
3/15/54
2,944,586
590,000
Nevada
Power
Co.,
6.25%,
5/15/55
(H15T5Y
+193.60
bps)
(b)
591,631
40,809,986
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Electrical
Equipment
—
0.29%
$
2,285,000
Amphenol
Corp,
4.63%,
2/15/36
$
2,206,064
2,163,000
Vertiv
Holdings
Co.,
4.85%,
3/15/36
2,100,763
4,306,827
Food
—
0.39%
2,415,000
JBS
NV/JBS
USA
Foods
Group
Holdings,
Inc,
5.50%,
1/15/36
2,411,488
3,794,000
Kraft
Heinz
Foods
Co.,
5.00%,
6/04/42
3,399,311
5,810,799
Gas
&
Water
Utilities
—
0.18%
2,510,000
KeySpan
Gas
East
Corp,
5.99%,
3/06/33
(a)
2,614,040
Health
Care
Facilities
&
Services
—
0.42%
1,830,000
IQVIA,
Inc.,
6.25%,
2/01/29
1,890,600
2,087,000
HCA,
Inc.,
5.50%,
6/01/33
2,132,060
2,219,000
CVS
Health
Corp,
6.05%,
6/01/54
2,219,975
6,242,635
Institutional
Financial
Services
—
0.55%
4,412,000
Morgan
Stanley,
2.51%,
10/20/32
(SOFR
+120.00
bps)
(b)
3,900,288
2,143,000
Jefferies
Financial
Group
Inc,
5.50%,
2/15/36
2,067,970
2,242,000
Bank
of
New
York
Mellon
Corp./The,
5.63%,
12/31/49
(b)
2,237,716
8,205,974
Insurance
—
2.18%
2,291,000
GA
Global
Funding
Trust,
5.50%,
1/08/29
(a)
2,314,513
3,327,000
Fortitude
Group
Holdings
LLC,
6.25%,
4/01/30
(a)
3,398,351
1,582,000
Enstar
Group
Ltd.,
3.10%,
9/01/31
1,408,538
2,043,000
RGA
Global
Funding,
5.00%,
8/25/32
(a)
2,023,788
3,864,000
Athene
Holding
Ltd.,
5.88%,
1/15/34
3,906,873
2,619,000
SBL
Holdings,
Inc.,
7.20%,
10/30/34
(a)
2,453,431
1,996,000
American
National
Group
Inc,
6.00%,
7/15/35
1,988,545
1,678,000
Lincoln
National
Corp.,
5.35%,
11/15/35
1,639,859
2,009,000
Sammons
Financial
Group,
Inc.,
5.95%,
6/15/36
(a)
2,012,182
1,636,000
Transatlantic
Holdings,
Inc.,
8.00%,
11/30/39
1,988,998
2,365,000
Global
Atlantic
Fin
Co.,
6.75%,
3/15/54
(a)
2,252,911
1,997,000
Athene
Holding
Ltd.,
6.63%,
10/15/54
(b)
1,918,882
2,219,000
Omnis
Funding
Trust,
6.72%,
5/15/55
(a)
2,310,476
2,700,000
Teachers
Insurance
&
Annuity
Ass.
of
America,
6.05%,
6/15/56
(a)
2,724,361
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Insurance
—
(continued)
$
32,341,708
Internet
Media
&
Services
—
0.89%
$
2,020,000
Meta
Platforms,
Inc.,
4.60%,
11/15/32
1,986,246
2,730,000
Meta
Platforms,
Inc.,
6.20%,
5/15/46
2,731,889
7,014,000
Beignet
Investor
LLC,
6.58%,
5/30/49
(a)
7,155,352
1,442,000
Meta
Platforms,
Inc.,
5.40%,
8/15/54
1,272,330
13,145,817
Machinery
—
0.15%
2,171,000
Caterpillar
Inc.,
5.20%,
5/15/35
2,214,432
Medical
Equipment
&
Devices
—
0.33%
2,299,000
Baxter
International
Inc,
2.54%,
2/01/32
1,978,975
2,980,000
VSP
Optical
Group
Inc,
5.40%,
6/01/33
(a)
2,987,520
4,966,495
Metals
&
Mining
—
0.67%
2,773,000
Glencore
Funding
LLC,
5.67%,
4/01/35
(a)
2,842,412
2,128,000
Southern
Copper
Corp.,
5.35%,
6/24/36
2,116,296
2,836,000
Freeport-McMoRan
Inc.,
5.45%,
3/15/43
2,742,117
2,243,000
Anglo
American
Capital
PLC,
6.00%,
4/05/54
(a)
2,245,103
9,945,928
Multi-Utilities
—
0.29%
2,743,000
Sempra,
3.80%,
2/01/38
2,333,104
2,342,000
CMS
Energy
Corp.,
4.70%,
3/31/43
2,002,042
4,335,146
Oil
&
Gas
Producers
—
0.94%
2,020,000
DT
Midstream
Inc,
5.80%,
12/15/34
(a)
2,064,460
3,163,000
Woodside
Finance
Ltd.,
6.00%,
5/19/35
3,285,490
1,141,000
Energy
Transfer
LP,
5.35%,
1/15/36
1,136,202
1,932,000
Plains
All
American
Pipeline
LP/PAA
Finance
Corp.,
5.60%,
1/15/36
1,937,470
1,936,000
The
Williams
Cos,
Inc.,
5.15%,
3/15/36
1,902,823
1,577,000
APA
Corp.,
5.10%,
9/01/40
1,452,863
2,404,000
Aker
BP
ASA,
5.80%,
10/01/54
(a)
2,235,122
14,014,430
Oil
&
Gas
Services
&
Equipment
—
0.18%
2,728,000
Baker
Hughes
Holdings
LLC,
5.00%,
6/15/36
2,668,256
Oil,
Gas
&
Consumable
Fuels
—
0.61%
2,332,000
Pioneer
Natural
Resources
Co.,
1.90%,
8/15/30
2,093,019
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Oil,
Gas
&
Consumable
Fuels
—
(continued)
$
1,856,000
Ovintiv
,
Inc.,
6.25%,
7/15/33
$
1,952,419
2,288,000
MPLX
LP,
4.50%,
4/15/38
2,072,229
3,035,000
Energy
Transfer
LP,
5.95%,
5/15/54
2,904,935
9,022,602
Reit
—
1.72%
3,081,000
American
Tower
Trust,
Series
2018-1,
Class
A,
3.65%,
3/15/28
(a)(d)
3,025,323
1,979,000
LXP
Industrial
Trust,
2.70%,
9/15/30
1,801,814
2,960,000
Store
Capital
LLC,
2.75%,
11/18/30
2,674,067
2,103,000
Tanger
Properties
LP,
2.75%,
9/01/31
1,890,464
2,985,000
Invitation
Homes
Operating
Partnership
LP,
4.15%,
4/15/32
2,840,868
2,344,000
Extra
Space
Storage
LP,
4.95%,
1/15/33
2,320,086
1,992,000
Prologis
Targeted
US
Logistics
Fund
LP,
5.50%,
4/01/34
(a)
2,026,430
2,239,000
Phillips
Edison
Grocery
Center,
4.95%,
1/15/35
2,190,479
6,835,000
RD
Michigan
Property
Owner
I
LLC,
7.50%,
3/30/45
(a)
6,812,754
25,582,285
Retail
-
Discretionary
—
0.33%
1,214,000
ERAC
USA
Finance
LLC,
5.20%,
10/30/34
(a)
1,219,963
3,786,000
O'Reilly
Automotive,
Inc.,
5.10%,
3/12/36
3,751,015
4,970,978
Semiconductors
—
0.66%
2,596,000
Microchip
Technology
Inc.,
5.05%,
2/15/30
2,606,860
3,759,000
Intel
Corp,
5.30%,
5/15/36
3,740,195
3,130,000
Foundry
JV
Holdco
LLC,
6.30%,
1/25/39
(a)
3,324,713
9,671,768
Semiconductors
&
Semiconductor
Equipment
—
0.15%
2,499,000
Marvell
Technology,
Inc.,
2.95%,
4/15/31
2,297,014
Software
—
0.43%
3,196,000
Oracle
Corp.,
5.88%,
9/26/45
2,797,691
1,695,000
Oracle
Corp.,
6.70%,
2/04/56
1,595,352
2,411,000
Oracle
Corp.,
6.13%,
8/03/65
2,025,908
6,418,951
Specialty
Finance
—
0.96%
2,113,000
Aircastle
Ltd
/
Aircastle
Ireland
DAC,
5.00%,
9/15/30
(a)
2,104,585
1,833,000
AerCap
Ireland
Capital
DAC,
6.15%,
9/30/30
1,915,206
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Specialty
Finance
—
(continued)
$
3,213,000
Ally
Financial
Inc.,
5.54%,
1/17/31
(SOFR
+173.00
bps)
(b)
$
3,229,339
2,521,000
Ladder
Capital
Finance
Holdings
LLLP,
7.00%,
7/15/31
(a)
2,613,947
1,814,000
Capital
One
Financial
Corp.,
6.38%,
6/08/34
(b)
1,919,482
2,465,000
American
Express
Co.,
5.44%,
1/30/36
(SOFR
+132.00
bps)
(b)
2,515,319
14,297,878
Technology
Hardware
—
0.33%
1,696,000
Dell
International
LLC
/
EMC
Corp.,
4.75%,
10/06/32
(c)
1,675,973
3,350,000
Dell
International
LLC
/
EMC
Corp.,
5.25%,
2/15/37
3,297,864
4,973,837
Telecommunications
—
2.00%
2,324,000
Sprint
Capital
Corp.,
8.75%,
3/15/32
2,737,599
7,620,000
QTS
Fayetteville
I
Dc1-2
LLC,
5.70%,
4/15/36
(a)
7,245,048
7,328,000
HUT
8
DC
LLC,
6.19%,
11/15/42
(a)
7,422,399
4,175,000
Beacon
Point
DC
LLC,
6.13%,
11/30/42
(a)
4,210,857
2,885,000
T-Mobile
USA,
Inc.,
6.00%,
6/15/54
2,852,275
2,241,000
AT&T,
Inc.,
6.20%,
10/30/56
2,215,200
3,155,000
AT&T,
Inc.,
6.30%,
10/30/66
3,126,870
29,810,248
Tobacco
&
Cannabis
—
0.25%
1,846,000
Philip
Morris
International,
Inc.,
4.25%,
11/10/44
1,551,350
2,215,000
Reynolds
American,
Inc.,
5.85%,
8/15/45
2,181,667
3,733,017
Transportation
&
Logistics
—
0.51%
2,524,000
United
Airlines
Inc,
4.63%,
4/15/29
(a)
2,489,008
2,956,000
Delta
Air
Lines
Inc.,
5.25%,
7/10/30
2,988,240
2,234,000
Burlington
Northern
Santa
Fe
LLC,
4.95%,
9/15/41
2,143,117
7,620,365
Total
(Cost $402,721,551)
399,387,468
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
1.52%
Alabama
—
0.18%
2,675,000
Alabama
Economic
Settlement
Authority,
Economic
Imports,
Taxable
BP
-
Settlement
Revenue
Series
B
,
4.26
%,
9/15/32
(d)
2,640,200
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
California
—
0.09%
$
1,145,000
State
of
California,
Build
America
Bonds,
School
Improvements
G.O.
,
7.63
%,
3/1/40
(d)
$
1,352,279
New
York
—
1.25%
345,000
Metropolitan
Transportation
Authority,
Taxable
Green
Bonds,
Green
Purpose
Revenue
Bonds
Series
C2
,
5.18
%,
11/15/49
319,108
12,135,000
New
York
City
Transitional
Finance
Authority
,
4.56
%,
2/1/35
11,851,258
7,130,000
New
York
City
Transitional
Finance
Authority
Future
Tax
Secured
Revenue,
Public
Improvements,
Taxable
Revenue,
Callable
2/1/27
@
100
,
3.00
%,
11/1/33
6,348,265
Total
(Cost $23,523,094)
22,511,110
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
21.12%
9,443,987
OneMain
Direct
Auto
Receivables
Trust,
Series
1A
,
Class
A,
5.41%,
11/14/29
(a)
9,484,369
4,543,000
Avis
Budget
Rental
Car
Funding
AESOP
LLC,
Series
8A
,
Class
A,
6.02%,
2/20/30
(a)
4,674,173
3,127,000
Avis
Budget
Rental
Car
Funding
AESOP
LLC,
Series
2023-1A
,
Class
A,
5.36%,
6/20/30
(a)
3,174,379
13,134,000
Benchmark
2025-V18
Mortgage
Trust,
Series
V18
,
Class
A3,
5.18%,
10/15/30
13,261,662
7,798,000
Morgan
Stanley
Bank
of
America
Merrill
Lynch,
Series
5C2
,
Class
A3,
5.11%,
11/15/30
7,851,656
6,618,000
BANK5
2025-5YR19,
Series
5YR19
,
Class
A3,
5.27%,
12/15/30
6,714,793
9,600,000
Dryden
CLO
Ltd.,
Series
53A
,
Class
BR,
4.97%,
1/15/31
(a)(b)(e)
9,615,936
17,494,000
Hertz
Vehicle
Financing
III
LLC,
Series
2A
,
Class
A,
5.48%,
1/27/31
(a)
17,718,636
204,080
New
Century
Home
Equity
Loan
Trust,
Series
4
,
Class
M1,
4.89%,
10/25/33
(d)
203,928
6,201,000
Neuberger
Berman
Loan
Advisers
CLO
41
Ltd.,
Series
41A
,
Class
AR,
4.72%,
4/15/34
(TSFR3M
+105.00
bps)
(a)(b)(e)
6,205,093
6,820,000
Magnetite
XXI
Ltd,
Series
21AR
,
Class
BR2,
4.93%,
4/20/34
(a)(b)(e)
6,781,944
14,967,000
LCM
33
Ltd,
Series
33A
,
Class
AR,
4.84%,
7/20/34
(TSFR3M
+118.00
bps)
(a)(b)
14,969,245
10,288,863
OneMain
Financial
Issuance
Trust,
Series
1A
,
Class
A1,
1.55%,
6/16/36
(a)
10,094,835
10,250,000
CIFC
Funding
Ltd.,
Series
2017-3A
,
Class
AR,
5.22%,
4/20/37
(TSFR3M
+154.00
bps)
(a)(b)
10,252,870
13,250,000
Fortress
Credit
Bsl
XXI
Ltd,
Series
1A
,
Class
AR,
5.04%,
4/24/37
(a)(b)(e)
13,284,318
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
3,525,000
Apidos
Clo
XL
Ltd,
Series
40A
,
Class
AR,
5.02%,
7/15/37
(a)
$
3,525,564
6,100,000
OCP
CLO
2024-34
Ltd,
Series
34A
,
Class
A1,
5.03%,
10/15/37
(a)
6,103,721
11,500,335
CARLYLE
US
CLO
Ltd.,
Series
2017-3A
,
Class
A1R2,
5.07%,
10/21/37
(a)(b)(e)
11,522,991
13,303,000
Toyota
Auto
Loan
Extended
Note
Trust,
Series
2025-1A
,
Class
A,
4.65%,
5/25/38
(a)
13,342,221
6,983,111
SMB
Private
Education
Loan
Trust
2026-A,
Series
A
,
Class
A1A,
4.68%,
5/16/39
(a)
6,840,885
2,445,510
MVW
LLC,
Series
2024-2
,
Class
A,
4.43%,
3/20/42
(a)
2,432,539
4,177,210
Hilton
Grand
Vacations
Trust
2026-1,
Series
1A
,
Class
A,
4.67%,
2/25/43
(a)
4,150,663
7,976,121
MVW
Owner
Trust,
Series
1A
,
Class
A,
4.67%,
3/20/43
(a)
7,911,253
1,123,000
CONE
Commercial
Mortgage
Trust
2026-DFW3,
Series
DFW3
,
Class
A,
5.75%,
5/15/43
(a)(b)
1,118,752
1,904,000
CONE
Commercial
Mortgage
Trust
2026-DFW3,
Series
DFW3
,
Class
C,
6.50%,
5/15/43
(a)(b)
1,893,076
1,795,000
CONE
Commercial
Mortgage
Trust
2026-DFW3,
Series
DFW3
,
Class
E,
8.10%,
5/15/43
(a)(b)
1,806,206
2,234,000
VDCM
Commercial
Mortgage
Trust
2025-AZ,
Series
AZ
,
Class
C,
5.84%,
7/13/44
(a)(b)
2,207,529
7,309,760
M&T
Bank
RV
Trust
2026-1,
Series
1A
,
Class
A,
4.35%,
1/15/46
(a)
7,202,256
961,000
BX
Commercial
Mortgage
Trust
2024-VLT5,
Series
VLT5
,
Class
A,
5.41%,
11/13/46
(a)(b)(e)
958,112
1,281,000
BX
Commercial
Mortgage
Trust
2024-VLT5,
Series
VLT5
,
Class
B,
5.80%,
11/13/46
(a)(b)(e)
1,285,806
3,017,000
BX
Commercial
Mortgage
Trust
2024-VLT5,
Series
VLT5
,
Class
C,
6.19%,
11/13/46
(a)(b)(e)
2,990,727
6,991,000
Stack
Infrastructure
Issuer
LLC,
Series
1A
,
Class
A2,
5.00%,
5/25/50
(a)
6,793,697
710,000
Wells
Fargo
Commercial
Mortgage
Trust
2017-C40,
Series
C40
,
Class
AS,
3.85%,
10/15/50
693,621
711,000
Benchmark
2018-B1
Mortgage
Trust,
Series
B1
,
Class
AM,
3.88%,
1/15/51
689,038
975,000
Benchmark
2018-B2
Mortgage
Trust,
Series
B2
,
Class
AS,
4.08%,
2/15/51
919,028
7,364,000
Vantage
Data
Centers
LLC,
Series
1A
,
Class
A2,
5.13%,
8/15/55
(a)
7,228,460
7,453,000
Vantage
Data
Centers
Issuer,
LLC.,
Series
2A
,
Class
A2,
5.24%,
11/15/55
(a)
7,237,122
4,431,000
QTS
Issuer
ABS
II
LLC,
Series
3A
,
Class
A2,
6.16%,
1/05/56
(a)
4,396,465
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
10,108,611
SMB
Private
Education
Loan
Trust,
Series
2024-E
,
Class
A-1A,
5.09%,
10/16/56
(a)
$
10,098,940
2,680,000
Benchmark
2024-V9
Mortgage
Trust,
Series
V9
,
Class
AS,
6.06%,
8/15/57
2,733,682
2,530,000
BANK5
2024-5YR9,
Series
5YR9
,
Class
AS,
6.18%,
8/15/57
2,590,052
3,691,000
Benchmark
2025-V19
Mortgage
Trust,
Series
V19
,
Class
A3,
5.25%,
1/15/58
3,738,611
3,749,000
BX
Commercial
Mortgage
Trust
2026-Vlt10,
Series
VLT10
,
Class
A,
5.36%,
6/13/58
(a)(b)(e)
3,643,640
3,950,000
BX
Commercial
Mortgage
Trust
2026-Vlt10,
Series
VLT10
,
Class
E,
7.57%,
6/13/58
(a)(b)(e)
3,825,660
7,303,000
BBCMS
Mortgage
Trust
2025-5C38,
Series
5C38
,
Class
A3,
5.15%,
11/15/58
7,378,025
8,664,000
BANK5
2025-5YR17,
Series
5YR17
,
Class
A3,
5.23%,
11/15/58
8,764,124
8,974,000
BANK5
2025-5YR18,
Series
5YR18
,
Class
A3,
5.15%,
12/15/58
9,056,280
5,197,000
Wells
Fargo
Commercial
Mortgage
Trust
2025-5C7,
Series
5C7
,
Class
A3,
5.20%,
12/15/58
(a)
5,238,230
4,382,000
BMO
2025-5C13
Mortgage
Trust,
Series
5C13
,
Class
A3,
5.23%,
12/15/58
4,429,499
3,096,000
BANK5
2026-5YR21,
Series
5YR21
,
Class
A3,
5.53%,
4/15/59
3,170,586
1,017,000
BANK5
2026-5YR22,
Series
5YR22
,
Class
A3,
5.71%,
6/15/59
1,048,851
7,215,000
Wells
Fargo
Commercial
Mortgage
Trust
2026-5C10,
Series
5C10
,
Class
A3,
5.79%,
6/15/59
7,447,583
2,873,000
Benchmark
2026-B43
Mortgage
Trust,
Series
B43
,
Class
A5,
5.51%,
4/15/63
(a)
2,961,563
Total
(Cost $315,664,394)
313,662,895
Principal
Amount
Fair
Value
COMMERCIAL
MORTGAGE-BACKED
SECURITIES
—
10.72%
3,554,823
FRESB
Mortgage
Trust,
Series
SB52,
Class
A10F,
3.45%,
6/25/28
3,499,204
6,510,000
BANK5
Trust,
Series
2024-5YR5,
Class
AS,
6.27%,
2/15/29
6,653,426
1,396,000
Benchmark
Mortgage
Trust,
Series
V6,
Class
A3,
5.93%,
3/15/29
1,429,761
5,293,000
Benchmark
Mortgage
Trust,
Series
V6,
Class
AS,
6.38%,
3/15/29
5,432,602
1,087,918
Fannie
Mae-Aces,
Series
2019-M9,
Class
A2,
2.94%,
6/25/29
1,049,498
3,386,000
Freddie
Mac
Multifamily
Structured
Pass
Through,
Series
K153,
Class
A3,
3.12%,
10/25/31
3,174,090
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COMMERCIAL
MORTGAGE-BACKED
SECURITIES
—
(continued)
$
8,536,000
Freddie
Mac
Multifamily
Structured
Pass
Through,
Series
K155,
Class
A3,
3.75%,
4/25/33
$
8,083,921
4,950
CSFB
Mortgage-Backed
Pass-Through
Certificates,
Series
1,
Class
2A1,
6.50%,
2/25/34
4,947
33,736
CHL
Mortgage
Pass-Through
Trust,
Series
3,
Class
A4,
5.75%,
4/25/34
33,466
8,924
Citigroup
Mortgage
Loan
Trust,
Inc.,
Series
NCM2,
Class
3CB2,
6.50%,
8/25/34
(d)
8,930
2,497,733
BX
Commercial
Mortgage
Trust,
Series
2021-ACNT,
Class
C,
5.24%,
11/15/38
(a)
2,497,733
2,551,850
SMR
Mortgage
Trust,
Series
2022-IND,
Class
A,
5.28%,
2/15/39
(a)
2,551,848
865,365
JP
Morgan
Chase
Commercial
Mortgage,
Series
C3,
Class
B,
5.01%,
2/15/46
(a)
862,146
4,314,000
CD
Mortgage
Trust,
Series
2016-CD2,
Class
A4,
3.53%,
11/10/49
(b)
4,265,384
2,562,000
Morgan
Stanley
Capital
I
Trust,
Series
BNK2,
Class
A4,
3.05%,
11/15/49
2,527,562
2,209,000
GS
Mortgage
Securities
Trust,
Series
2016-GS4,
Class
A4,
3.44%,
11/15/49
2,200,919
1,517,000
JP
Morgan
Chase
Commercial
Mortgage,
Series
JP4,
Class
A4,
3.65%,
12/15/49
1,508,874
1,658,000
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust,
Series
C32,
Class
A4,
3.72%,
12/15/49
1,649,939
723,000
Wells
Fargo
Commercial
Mortgage
Trust,
Series
C37,
Class
A5,
3.79%,
12/15/49
720,315
2,651,813
CD
Mortgage
Trust,
Series
2017-CD3,
Class
A4,
3.63%,
2/10/50
2,611,418
3,742,000
JPMCC
Commercial
Mortgage
Securities
Trust,
Series
JP5,
Class
A5,
3.72%,
3/15/50
3,712,025
1,337,000
Citigroup
Commercial
Mortgage
Trust,
Series
P7,
Class
A4,
3.71%,
4/14/50
1,324,367
7,241,000
COMM
Mortgage
Trust,
Series
COR2,
Class
A3,
3.51%,
9/10/50
7,153,685
8,591,000
Wells
Fargo
Commercial
Mortgage
Trust,
Series
C40,
Class
A4,
3.58%,
10/15/50
8,473,900
8,910,000
Morgan
Stanley
Capital
I,
Series
HR2,
Class
A4,
3.59%,
12/15/50
8,746,545
9,850,000
Morgan
Stanley
Capital
I
Trust,
Series
H3,
Class
A5,
4.18%,
7/15/51
9,717,014
3,447,000
CFCRE
Commercial
Mortgage
Trust,
Series
C7,
Class
A3,
3.84%,
12/10/54
3,432,402
3,127,000
Benchmark
Mortgage
Trust,
Series
V2,
Class
AS,
6.54%,
5/15/55
3,191,167
8,156,000
Benchmark
Mortgage
Trust,
Series
2024-V7,
Class
A3,
6.23%,
5/15/56
8,430,861
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COMMERCIAL
MORTGAGE-BACKED
SECURITIES
—
(continued)
$
6,548,000
Benchmark
Mortgage
Trust,
Series
2024-V7,
Class
AS,
6.53%,
5/15/56
$
6,762,072
2,002,000
BMO
Mortgage
Trust,
Series
2023-5C1,
Class
AS,
7.12%,
8/15/56
2,071,374
3,607,000
BANK5
Trust,
Series
2023-5YR3,
Class
AS,
7.32%,
9/15/56
3,769,203
5,789,000
BANK5
Trust,
Series
2023-5YR4,
Class
AS,
7.27%,
12/15/56
6,031,570
8,434,000
Benchmark
Mortgage
Trust,
Series
V5,
Class
A3,
5.81%,
1/10/57
8,604,433
2,940,000
BBCMS
Mortgage
Trust,
Series
5C25,
Class
A3,
5.95%,
3/15/57
3,006,868
2,002,000
BBCMS
Mortgage
Trust,
Series
5C25,
Class
AS,
6.36%,
3/15/57
2,053,748
5,192,000
BANK5
Trust,
Series
2024-5YR6,
Class
A3,
6.23%,
5/15/57
5,350,132
9,377,000
BANK5
Trust,
Series
2024-5YR6,
Class
AS,
6.79%,
5/15/57
9,721,758
6,847,000
BMO
2025-5C12
Mortgage
Trust,
Series
5C12,
Class
A3,
5.18%,
10/15/58
(c)
6,904,155
Total
(Cost $162,388,740)
159,223,262
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
6.02%
218,412
Fannie
Mae,
Series
4136,
Class
HZ,
3.50%,
11/15/27
216,913
3,245,000
BANK5,
Series
2023-5YR4,
Class
B,
7.61%,
12/15/28
3,400,156
324,000
Fannie
Mae,
Series
4160,
Class
HH,
2.50%,
12/15/32
306,800
1,855,000
Symphony
CLO
XXV
Ltd.,
Series
25A,
Class
AR,
4.73%,
4/19/34
(a)(b)(e)
1,856,354
7,422,039
Ginnie
Mae,
Series
132,
Class
DV,
6.00%,
7/20/34
7,456,753
77,493
Ginnie
Mae,
Series
2008-51,
Class
PG,
5.00%,
6/20/38
78,836
3,080,000
CTM
CLO
2025-1
Ltd,
Series
1A,
Class
A1,
5.17%,
7/15/38
(a)(b)(e)
3,091,735
1,490,000
Sandstone
Peak
II
Ltd.,
Series
1A,
Class
BR,
5.43%,
7/20/38
(a)(e)
1,496,496
108,948
Fannie
Mae,
Series
3632,
Class
PK,
5.00%,
2/15/40
109,731
2,070,573
Ginnie
Mae,
Series
2014-2,
Class
AG,
2.27%,
3/20/40
1,849,795
705,057
Fannie
Mae,
Series
3762,
Class
LN,
4.00%,
11/15/40
670,521
365,929
Fannie
Mae,
Series
2011-38,
Class
D,
4.50%,
5/25/41
(d)
360,901
9,307,644
Progress
Residential
Trust,
Series
SFR1,
Class
A,
3.40%,
2/17/42
(a)
8,829,864
3,544,933
Fannie
Mae,
Series
5427,
Class
HZ,
3.50%,
8/15/42
2,981,866
6,956,976
Fannie
Mae,
Series
4112,
Class
PB,
4.00%,
9/15/42
6,630,312
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
(continued)
$
891,000
Fannie
Mae,
Series
2013-70,
Class
CY,
3.50%,
7/25/43
$
776,863
197,772
Fannie
Mae,
Series
4328,
Class
KD,
3.00%,
8/15/43
190,223
901,481
Fannie
Mae,
Series
4427,
Class
KA,
2.25%,
7/15/44
848,224
5,978,535
Fannie
Mae,
Series
5300,
Class
AB,
5.50%,
1/25/49
6,000,939
9,339,505
Ginnie
Mae,
Series
154,
Class
GA,
6.00%,
4/20/50
9,524,222
12,460,061
Freddie
Mac
Fannie
Mae,
1.50%,
7/25/50
9,492,512
3,543,653
Fannie
Mae,
Series
5499,
Class
A,
5.50%,
10/25/52
3,545,927
2,854,000
Benchmark
2025-V16
Mortgage
Trust,
Series
V16,
Class
A3,
5.44%,
8/15/57
2,905,795
4,651,000
Wells
Fargo
Commercial
Mortgage
Trust
2025-5C5,
Series
5C5,
Class
A3,
5.59%,
7/15/58
4,746,900
5,728,000
BBCMS
Mortgage
Trust
2025-5C36,
Series
5C36,
Class
A3,
5.52%,
8/15/58
5,858,137
6,180,000
Wells
Fargo
Commercial
Mortgage
Trust
2025-5C6,
Series
5C6,
Class
A3,
5.19%,
10/15/58
(c)
6,225,796
Total
(Cost $89,748,918)
89,452,571
Principal
Amount
Fair
Value
MORTGAGE-BACKED
SECURITIES
—
21.04%
Fannie
Mae
—
20.30%
601,092
4.00%,
12/01/33,
Pool
#MA1689
589,796
356,220
4.00%,
6/01/34,
Pool
#MA1922
350,208
328,843
4.00%,
3/01/35,
Pool
#MA2211
321,445
5,735
5.00%,
7/01/36,
Pool
#ZS1139
5,783
950,799
4.00%,
5/01/37,
Pool
#ZA2461
923,465
143,727
5.50%,
8/01/37,
Pool
#995082
145,328
1,715,834
3.50%,
8/01/38,
Pool
#FM2472
1,636,782
46,962
4.50%,
10/01/39,
Pool
#AC2645
46,158
23,744
4.50%,
10/01/39,
Pool
#ZI9349
23,337
3,390,723
3.00%,
5/01/40,
Pool
#RB5049
3,137,681
79,963
5.00%,
6/01/40,
Pool
#AD8718
80,641
71,790
5.00%,
6/01/40,
Pool
#AD4927
72,399
78,245
5.00%,
6/01/40,
Pool
#ZA1049
78,908
166,997
5.00%,
7/01/40,
Pool
#ZJ0194
168,413
3,682,081
4.00%,
8/01/40,
Pool
#FM4673
3,587,362
21,859
5.00%,
9/01/40,
Pool
#ZA1066
22,044
4,788,641
2.00%,
12/01/40,
Pool
#RB5090
4,173,509
150,359
4.50%,
12/01/40,
Pool
#AH1100
148,694
88,718
4.50%,
3/01/41,
Pool
#AB2467
87,736
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MORTGAGE-BACKED
SECURITIES
—
(continued)
Fannie
Mae
—
(continued)
$
168,361
4.50%,
5/01/41,
Pool
#AI1023
$
165,192
115,366
4.50%,
11/01/41,
Pool
#AJ4994
114,089
125,514
4.50%,
12/01/41,
Pool
#AJ7696
124,097
322,305
3.50%,
6/01/42,
Pool
#AB5373
300,718
285,860
4.00%,
12/01/42,
Pool
#ZS3671
274,152
260,300
3.50%,
5/01/43,
Pool
#AB9368
242,431
561,217
3.50%,
5/01/43,
Pool
#AL3605
519,578
216,081
3.50%,
5/01/43,
Pool
#ZL5915
201,293
698,405
3.50%,
8/01/43,
Pool
#AU0613
649,908
110,870
4.00%,
5/01/44,
Pool
#ZA4468
105,959
57,434
4.00%,
7/01/44,
Pool
#ZS4573
54,956
103,387
4.00%,
9/01/44,
Pool
#ZL8439
98,781
132,138
4.50%,
11/01/44,
Pool
#MA2100
129,447
1,057,810
3.50%,
1/01/45,
Pool
#ZL8964
984,422
507,339
4.50%,
1/01/45,
Pool
#MA2158
497,006
577,592
4.00%,
3/01/45,
Pool
#MA2217
(d)
551,827
1,157,681
3.50%,
5/01/46,
Pool
#ZS4663
1,073,251
514,179
4.00%,
6/01/46,
Pool
#MA2653
489,192
459,066
4.50%,
7/01/46,
Pool
#AS7568
449,429
321,748
4.00%,
8/01/46,
Pool
#ZS4673
306,194
783,583
3.50%,
9/01/46,
Pool
#ZS4678
728,615
609,031
4.00%,
11/01/46,
Pool
#MA2808
579,402
790,219
4.00%,
5/01/47,
Pool
#BE9598
750,246
1,050,737
4.00%,
8/01/47,
Pool
#BH5117
997,013
1,689,017
3.50%,
9/01/47,
Pool
#ZM4305
1,560,759
495,249
3.50%,
1/01/48,
Pool
#ZM5375
457,026
2,676,080
4.00%,
4/01/48,
Pool
#BM3900
2,535,535
385,357
4.00%,
6/01/48,
Pool
#ZT0541
365,653
929,917
5.00%,
8/01/48,
Pool
#CA2219
932,357
8,208,274
4.50%,
11/01/48,
Pool
#BM7046
8,061,458
9,459,864
3.00%,
3/01/50,
Pool
#FM2870
8,406,892
1,692,238
3.50%,
6/01/50,
Pool
#RA2794
1,551,064
5,594,803
2.00%,
7/01/50,
Pool
#CA6301
4,540,208
7,166,330
2.50%,
7/01/50,
Pool
#RA2970
6,073,396
6,704,458
2.50%,
9/01/50,
Pool
#BQ0538
5,647,305
3,967,843
2.50%,
11/01/50,
Pool
#CA7684
3,362,683
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MORTGAGE-BACKED
SECURITIES
—
(continued)
Fannie
Mae
—
(continued)
$
181,240
3.00%,
1/01/51,
Pool
#SD8123
$
158,874
4,140,209
3.50%,
4/01/52,
Pool
#RA7191
3,774,461
7,973,358
4.00%,
5/01/52,
Pool
#RA7306
7,490,280
12,039,574
2.50%,
6/01/52,
Pool
#FA0543
10,299,893
21,925,714
3.00%,
6/01/52,
Pool
#FS8022
(d)
19,374,157
9,578,720
3.50%,
6/01/52,
Pool
#SD2670
8,809,926
8,077,330
4.00%,
8/01/52,
Pool
#SD3617
7,656,542
7,482,717
4.50%,
8/01/52,
Pool
#SD1515
7,238,185
7,667,661
5.00%,
9/01/52,
Pool
#RA7936
7,607,015
7,479,906
5.00%,
10/01/52,
Pool
#SD1710
7,406,178
5,418,672
4.50%,
11/01/52,
Pool
#FS3809
5,251,619
5,156,282
5.00%,
11/01/52,
Pool
#CB5278
5,107,586
7,075,657
5.50%,
2/01/53,
Pool
#QF8052
7,141,374
9,389,776
4.00%,
3/01/53,
Pool
#SD3107
8,842,340
2,435,998
5.00%,
3/01/53,
Pool
#SD2390
2,414,564
12,380,834
5.50%,
3/01/53,
Pool
#SD2774
(d)
12,530,543
6,409,677
4.50%,
5/01/53,
Pool
#CB6304
6,205,003
12,561,679
5.00%,
5/01/53,
Pool
#FS4929
(d)
12,551,646
7,002,860
5.50%,
5/01/53,
Pool
#FS4571
7,064,063
7,182,859
6.00%,
6/01/53,
Pool
#FS6616
7,377,763
8,363,156
5.50%,
7/01/53,
Pool
#FS5589
8,465,643
8,743,805
5.00%,
8/01/53,
Pool
#SD3814
8,647,874
1,389,066
5.00%,
9/01/53,
Pool
#SD4220
1,379,445
12,042,765
6.00%,
9/01/53,
Pool
#CB7124
(d)
12,575,438
8,967,901
6.00%,
4/01/54,
Pool
#FA0566
9,215,439
10,902,111
6.00%,
6/01/54,
Pool
#CB8755
11,219,514
5,733,003
5.50%,
11/01/54,
Pool
#FS9801
5,761,408
3,575,244
5.50%,
12/01/54,
Pool
#SD6940
3,616,413
2,985,534
6.00%,
3/01/55,
Pool
#SL0528
3,063,825
6,662,722
5.00%,
5/01/55,
Pool
#FA1475
6,565,567
7,046,114
5.50%,
8/01/55,
Pool
#SL1812
7,095,696
301,389,497
Federal
Farm
Credit
Banks
Funding
Corp.
—
0.29%
5,325,000
2.40%,
3/24/36
4,325,873
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MORTGAGE-BACKED
SECURITIES
—
(continued)
Freddie
Mac
—
0.15%
$
13,014
2.50%,
1/01/28,
Pool
#ZK4918
$
12,827
93,499
3.50%,
7/01/30,
Pool
#ZS8575
91,945
20,240
5.00%,
3/01/36,
Pool
#ZS4230
20,411
624,345
4.00%,
4/01/36,
Pool
#ZA2413
607,621
478,438
3.50%,
8/01/36,
Pool
#ZA2425
457,865
63,896
6.50%,
9/01/36,
Pool
#ZS4257
67,240
1,139,215
3.50%,
11/01/36,
Pool
#ZA2439
1,088,099
25,994
5.00%,
2/01/37,
Pool
#ZI5759
26,007
2,372,015
Ginnie
Mae
I
—
0.00%
38,760
5.00%,
2/15/40,
Pool
#737037
39,401
Ginnie
Mae
II
—
0.30%
4,757,808
4.00%,
7/20/52,
Pool
#786280
4,445,120
Total
(Cost $318,053,123)
312,571,906
Principal
Amount
Fair
Value
U.S.
TREASURY
BONDS
&
NOTES
—
10.50%
2,909,900
United
States
Treasury
Note/Bond,
4.00
%
,
4/30/32
2,871,594
33,366,000
United
States
Treasury
Inflation
Indexed
Bonds,
1.88
%
,
7/15/35
33,837,160
2,915,500
United
States
Treasury
Note/Bond,
4.13
%
,
2/15/36
2,844,435
43,059,100
United
States
Treasury
Bond,
2.50
%
,
2/15/45
30,198,558
60,470,900
United
States
Treasury
Bond,
1.38
%
,
8/15/50
29,663,811
63,243,300
United
States
Treasury
Bond,
4.25
%
,
8/15/54
56,464,408
Total
(Cost $160,457,223)
155,879,966
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
1.55%
$
23,055,772
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(f)
$
23,055,772
Total
Money
Market
Funds
(Cost
$23,055,772)
23,055,772
Total
Investments—
99.56%
(Cost
$1,498,677,861)
1,478,746,202
Other
Assets
in
Excess
of
Liabilities
—
0.44%
6,527,557
NET
ASSETS
—
100.00%
$
1,485,273,759
(a)
Security
exempt
from
registration
under
Rule
144A
or
Section
4(2)
of
the
Securities
Act
of
1933.
The
security
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
The
Advisor,
using
Board
approved
procedures,
has
deemed
these
securities
or
a
portion
of
these
securities
to
be
liquid.
(b)
The
interest
rate
for
this
variable
rate
note,
which
will
change
periodically,
is
based
either
on
the
prime
rate
or
an
index
of
market
rates.
The
reflected
rate
is
in
effect
as
of
June
30,
2026.
The
maturity
date
reflected
is
the
final
maturity
date.
(c)
The
security
was
purchased
on a
when-issued
of
forward
commitment
basis
(Note
3)
(d)
All
or
a
portion
of
the
securities
are
held
in
a
separate
collateral
account
at
US
Bank.
The
total
value
of
securities
held
in
a
separate
collateral
account
as
of
the
period
ended
June
30,
2026
is
$13,383,757,
which
represents
0.90%
of
net
assets.
(e)
Security
is
a
fix-to-float
security,
which
carries
a
fixed
coupon
until
a
certain
date,
upon
which
it
switches
to
a
floating
rate.
Rate
shown
is
the
fixed
rate.
(f)
Represents
the
current
yield
as
of
report
date.
G.O.
-
General
Obligation
Sterling
Capital
Total
Return
Bond
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
FUTURES
CONTRACTS
Contracts
Expiration
Date
Notional
Value
Aggregate
Market
Value
of
Contracts
Unrealized
Appreciation
(Depreciation)
CBOT
2
Year
US
Treasury
Note
Future
375
10/01/2026
$
77,293,950
$
5,855
$
5,855
CBOT
5
Year
US
Treasury
Note
310
10/01/2026
33,056,137
128,394
128,394
CBOT
US
Treasury
Bond
Futures
202
09/22/2026
22,643,719
283,281
283,281
Total
Futures
Contracts
$
132,993,806
$
417,530
$
417,530
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
96.20%
Aerospace
&
Defense
—
3.96%
$
358,000
Boeing
Co.
(The),
5.71%,
5/01/40
$
364,031
257,000
Honeywell
Aerospace,
Inc.,
5.62%,
3/16/46
(a)
255,908
527,000
RTX
Corp.,
4.35%,
4/15/47
440,111
236,000
RTX
Corp.,
2.82%,
9/01/51
146,385
382,000
Lockheed
Martin
Corp.,
4.15%,
6/15/53
302,948
528,000
Boeing
Co.
(The),
6.86%,
5/01/54
593,404
178,000
Boeing
Co.
(The),
5.93%,
5/01/60
175,094
2,277,881
Asset
Management
—
0.81%
137,000
Blue
Owl
Finance
LLC,
Series
C10,
4.13%,
10/07/51
94,079
154,000
KKR
Group
Finance
Co.
X
LLC,
3.25%,
12/15/51
(a)
97,427
210,000
Ares
Management
Corp.,
5.60%,
10/11/54
190,230
83,000
Brookfield
Asset
Management
Ltd,
6.08%,
9/15/55
83,344
465,080
Automotive
—
0.26%
144,000
General
Motors
Co,
6.75%,
4/01/46
152,050
Banks
—
7.39%
173,000
Bank
of
America
Corp.,
2.48%,
9/21/36
150,854
111,000
Fifth
Third
Bancorp,
8.25%,
3/01/38
135,370
294,000
Bank
of
America
Corp.,
4.24%,
4/24/38
268,616
100,000
HSBC
Holdings
PLC,
6.80%,
6/01/38
109,351
141,000
JPMorgan
Chase
&
Co.,
3.88%,
7/24/38
(TSFR3M
+162.00
bps)
(b)
124,610
94,000
Citigroup,
Inc.,
3.88%,
1/24/39
81,928
148,000
Westpac
Banking
Corp.,
2.96%,
11/16/40
109,538
89,000
Sumitomo
Mitsui
Financial
Group,
Inc.,
5.33%,
3/03/41
86,652
151,000
Citigroup,
Inc.,
5.32%,
3/26/41
149,006
398,000
JPMorgan
Chase
&
Co.,
3.11%,
4/22/41
(TSFR3M
+246.00
bps)
(b)
306,990
233,000
Wells
Fargo
&
Co.,
3.07%,
4/30/41
(b)
177,933
544,000
Bank
of
America
Corp.
MTN,
2.68%,
6/19/41
394,878
82,000
Citigroup,
Inc.,
5.88%,
1/30/42
84,814
538,000
JPMorgan
Chase
&
Co.,
3.16%,
4/22/42
409,174
404,000
Barclays
PLC,
3.33%,
11/24/42
(H15T5Y
+130.00
bps)
(b)
302,857
517,000
Wells
Fargo
&
Co.,
5.38%,
11/02/43
486,070
84,000
JPMorgan
Chase
&
Co.,
5.53%,
11/29/45
83,258
200,000
Lloyds
Banking
Group
PLC,
3.37%,
12/14/46
146,673
231,000
JPMorgan
Chase
&
Co.,
4.26%,
2/22/48
191,065
343,000
Bank
of
America
Corp.
MTN,
4.33%,
3/15/50
(TSFR3M
+178.00
bps)
(b)
283,124
192,000
Wells
Fargo
&
Co.
MTN,
5.01%,
4/04/51
(TSFR3M
+450.00
bps)
(b)
172,055
4,254,816
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Beverages
—
2.52%
$
261,000
Anheuser-Busch
Cos.
LLC,
4.90%,
2/01/46
$
237,777
300,000
Bacardi
Ltd.,
5.30%,
5/15/48
(a)
267,993
461,000
Anheuser-Busch
InBev
Worldwide
Inc.,
5.55%,
1/23/49
452,872
247,000
Constellation
Brands,
Inc.,
3.75%,
5/01/50
182,309
178,000
PepsiCo,
Inc.,
2.75%,
10/21/51
110,662
224,000
PepsiCo,
Inc.,
4.65%,
2/15/53
197,695
1,449,308
Biotech
&
Pharma
—
1.21%
270,000
CSL
Finance
PLC,
4.75%,
4/27/52
(a)
230,092
105,000
CSL
Finance
PLC,
5.42%,
4/03/54
(a)
98,795
370,000
Eli
Lilly
&
Co,
5.55%,
10/15/55
369,799
698,686
Biotechnology
—
3.20%
172,000
Gilead
Sciences,
Inc.,
2.60%,
10/01/40
124,950
152,000
AbbVie,
Inc.,
4.40%,
11/06/42
133,629
145,000
Amgen,
Inc.,
5.60%,
3/02/43
144,127
148,000
Baxalta,
Inc.,
5.25%,
6/23/45
138,603
266,000
AbbVie,
Inc.,
4.45%,
5/14/46
228,473
484,000
Amgen,
Inc.,
5.65%,
3/02/53
471,079
133,000
Amgen,
Inc.,
2.77%,
9/01/53
78,507
134,000
AbbVie,
Inc.,
5.40%,
3/15/54
128,769
69,000
AbbVie,
Inc.,
5.60%,
3/15/55
68,403
198,000
Amgen,
Inc.,
4.40%,
2/22/62
154,910
173,000
AbbVie,
Inc.,
5.65%,
3/15/66
170,587
1,842,037
Cable
&
Satellite
—
3.48%
676,000
Charter
Communications
Operating
LLC,
6.48%,
10/23/45
619,712
277,000
Comcast
Corp.,
3.40%,
7/15/46
186,877
272,000
Charter
Communications
Operating
LLC,
5.38%,
5/01/47
(c)
220,155
267,000
Comcast
Corp.,
4.00%,
3/01/48
192,505
214,000
Comcast
Corp.,
2.80%,
1/15/51
119,274
228,000
Charter
Communications
Operating
LLC,
6.83%,
10/23/55
212,221
83,000
Space
Exploration
Technologies
Corp.,
6.65%,
7/15/56
(a)
80,079
313,000
Comcast
Corp.,
2.94%,
11/01/56
169,517
312,000
Charter
Communications
Operating
LLC,
4.40%,
12/01/61
201,422
2,001,762
Capital
Markets
—
2.56%
213,000
Goldman
Sachs
Group,
Inc.,
6.75%,
10/01/37
232,285
303,000
Morgan
Stanley,
3.97%,
7/22/38
265,749
146,000
Morgan
Stanley,
5.31%,
1/18/41
(b)
142,289
206,000
Jefferies
Financial
Group,
Inc.,
6.50%,
1/20/43
206,858
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Capital
Markets
—
(continued)
$
177,000
Goldman
Sachs
Group,
Inc.,
5.54%,
1/21/47
$
171,201
140,000
Morgan
Stanley,
5.90%,
3/13/47
141,496
248,000
Intercontinental
Exchange,
Inc.,
4.25%,
9/21/48
205,222
146,000
S&P
Global,
Inc.,
3.70%,
3/01/52
108,224
1,473,324
Commercial
Services
&
Supplies
—
0.22%
195,000
Republic
Services,
Inc.,
2.95%,
1/15/52
125,136
Communications
Equipment
—
0.12%
76,000
Cisco
Systems,
Inc.,
5.30%,
2/26/54
71,773
Construction
Materials
—
0.47%
119,000
Vulcan
Materials
Co.,
4.50%,
6/15/47
101,883
99,000
Martin
Marietta
Materials,
Inc.,
4.25%,
12/15/47
80,650
89,000
CRH
America
Finance,
Inc.,
5.60%,
2/09/56
86,929
269,462
Containers
&
Packaging
—
0.56%
31,000
Packaging
Corp.
of
America,
4.05%,
12/15/49
24,116
155,000
Packaging
Corp.
of
America,
3.05%,
10/01/51
100,430
200,000
Smurfit
Kappa
Treasury
ULC,
5.78%,
4/03/54
199,420
323,966
Diversified
Financial
Services
—
0.30%
181,000
Apollo
Global
Management,
Inc.,
5.80%,
5/21/54
171,391
Diversified
Industrials
—
0.36%
203,000
Siemens
Funding
BV,
5.90%,
5/28/65
(a)
207,678
Diversified
Telecommunication
Services
—
1.08%
149,000
Verizon
Communications,
Inc.,
2.65%,
11/20/40
105,290
186,000
Verizon
Communications,
Inc.,
3.40%,
3/22/41
143,762
150,000
Deutsche
Telekom
AG,
3.63%,
1/21/50
(a)
109,013
63,000
Verizon
Communications,
Inc.,
5.88%,
11/30/55
61,121
299,000
Verizon
Communications,
Inc.,
3.70%,
3/22/61
199,941
619,127
E-Commerce
Discretionary
—
1.21%
50,000
Amazon.com,
Inc.,
5.65%,
3/13/46
49,497
264,000
Amazon.com,
Inc.,
2.50%,
6/03/50
152,676
210,000
Amazon.com,
Inc.,
5.80%,
3/13/56
208,660
525,000
Amazon.com,
Inc.,
2.70%,
6/03/60
284,621
695,454
Electric
Utilities
—
12.52%
68,000
Florida
Power
&
Light
Co.,
5.85%,
5/01/37
70,299
124,000
Duke
Energy
Carolinas
LLC,
6.10%,
6/01/37
131,654
82,000
Duke
Energy
Florida
LLC,
6.35%,
9/15/37
89,071
119,000
Massachusetts
Electric
Co.,
5.90%,
11/15/39
(a)
121,699
65,000
Alabama
Power
Co.,
5.50%,
3/15/41
64,823
72,000
Puget
Sound
Energy,
Inc.,
5.64%,
4/15/41
71,542
137,000
Florida
Power
&
Light
Co.,
4.13%,
2/01/42
116,979
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Electric
Utilities
—
(continued)
$
180,000
Virginia
Electric
and
Power
Co.,
4.00%,
1/15/43
$
147,749
157,000
MidAmerican
Energy
Co.,
4.80%,
9/15/43
141,198
205,000
Consolidated
Edison
Co.
of
New
York,
Inc.,
4.45%,
3/15/44
177,095
150,000
DTE
Electric
Co.,
4.30%,
7/01/44
127,875
67,000
Duke
Energy
Progress
LLC,
4.15%,
12/01/44
55,163
85,000
Exelon
Corp.,
5.10%,
6/15/45
77,578
140,000
Exelon
Corp.,
4.45%,
4/15/46
116,470
176,000
Duke
Energy
Indiana
LLC,
3.75%,
5/15/46
134,476
134,000
Duke
Energy
Ohio,
Inc.,
3.70%,
6/15/46
101,190
40,000
Chpe
LLC,
5.88%,
6/29/46
(a)
40,237
172,000
FirstEnergy
Corp.,
4.85%,
7/15/47
149,475
132,000
DTE
Electric
Co.,
3.75%,
8/15/47
101,157
100,000
Alabama
Power
Co.,
3.70%,
12/01/47
(c)
75,131
89,000
Consolidated
Edison
Co.
of
New
York,
Inc.,
4.65%,
12/01/48
75,940
93,000
CenterPoint
Energy
Houston
Electric
LLC,
4.25%,
2/01/49
76,004
119,000
Appalachian
Power
Co,
4.50%,
3/01/49
97,966
158,000
San
Diego
Gas
&
Electric
Co.,
4.10%,
6/15/49
123,060
273,000
Entergy
Texas,
Inc.,
3.55%,
9/30/49
194,852
153,000
Union
Electric
Co.,
3.25%,
10/01/49
104,130
490,000
Xcel
Energy,
Inc.,
3.50%,
12/01/49
(c)
343,923
323,000
Georgia
Power
Co.,
3.70%,
1/30/50
239,676
158,000
FirstEnergy
Corp.,
3.40%,
3/01/50
107,552
246,000
AEP
Transmission
Co.
LLC,
3.65%,
4/01/50
(c)
181,306
148,000
San
Diego
Gas
&
Electric
Co.,
3.32%,
4/15/50
100,464
180,000
Baltimore
Gas
and
Electric
Co.,
2.90%,
6/15/50
113,265
252,000
CenterPoint
Energy
Houston
Electric
LLC,
2.90%,
7/01/50
(c)
161,896
127,000
Berkshire
Hathaway
Energy
Co.,
4.25%,
10/15/50
101,316
173,000
Commonwealth
Edison
Co.,
3.13%,
3/15/51
113,730
199,000
Duke
Energy
Progress
LLC,
2.90%,
8/15/51
124,257
178,000
PECO
Energy
Co.,
2.85%,
9/15/51
110,591
149,000
Puget
Sound
Energy,
Inc.,
2.89%,
9/15/51
93,321
62,000
Northern
States
Power
Co.,
4.50%,
6/01/52
52,295
199,000
Duke
Energy
Corp.,
5.00%,
8/15/52
173,176
122,000
Oncor
Electric
Delivery
Co.
LLC,
4.95%,
9/15/52
108,344
130,000
Duke
Energy
Carolinas
LLC,
5.35%,
1/15/53
122,937
78,000
Union
Electric
Co.,
5.45%,
3/15/53
74,485
167,000
Indiana
Michigan
Power
Co.,
5.63%,
4/01/53
164,060
87,000
Public
Service
Electric
and
Gas
Co.,
5.45%,
8/01/53
83,918
90,000
Entergy
Texas,
Inc.,
5.80%,
9/01/53
89,627
219,000
NextEra
Energy
Capital
Holdings,
Inc.,
5.55%,
3/15/54
207,669
266,000
Entergy
Louisiana
LLC,
5.70%,
3/15/54
261,785
101,000
Public
Service
Electric
and
Gas
Co.,
5.50%,
3/01/55
97,943
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Electric
Utilities
—
(continued)
$
204,000
Duke
Energy
Progress
LLC,
5.55%,
3/15/55
$
198,026
210,000
Virginia
Electric
and
Power
Co.,
5.65%,
3/15/55
205,316
39,000
Entergy
Mississippi
LLC,
5.80%,
4/15/55
38,861
108,000
DTE
Electric
Co.,
5.85%,
5/15/55
109,330
68,000
Virginia
Electric
and
Power
Co.,
5.60%,
9/15/55
65,989
84,000
DTE
Electric
Co.,
5.55%,
3/01/56
82,002
50,000
Indiana
Michigan
Power
Co.,
5.60%,
3/15/56
48,669
70,000
Commonwealth
Edison
Co.,
5.85%,
6/01/56
70,664
283,000
Florida
Power
&
Light
Co.,
5.80%,
3/15/65
281,284
95,000
Florida
Power
&
Light
Co.,
5.60%,
2/15/66
91,390
7,201,880
Electrical
Equipment
—
0.79%
205,000
Amphenol
Corp,
5.30%,
11/15/55
194,538
148,000
GE
Vernova,
Inc.,
5.50%,
2/04/56
143,565
121,000
Vertiv
Holdings
Co,
5.80%,
3/15/56
119,092
457,195
Energy
Equipment
&
Services
—
0.16%
96,000
Halliburton
Co.,
4.85%,
11/15/35
93,215
Entertainment
—
0.10%
91,000
Walt
Disney
Co.
(The),
2.75%,
9/01/49
56,551
Equity
Real
Estate
-Investment
Trusts
-(Reits)
—
0.23%
186,000
NNN
REIT,
Inc.,
3.50%,
4/15/51
131,446
Financial
Services
—
0.73%
104,000
Blackstone
Holdings
Finance
Co.
LLC,
6.25%,
8/15/42
(a)
105,873
200,000
UBS
Group
AG,
5.38%,
9/06/45
(USISSO01
+186.00
bps)
(a)(b)
191,048
43,000
BlackRock
Funding,
Inc.,
5.25%,
3/14/54
40,503
87,000
BlackRock
Funding,
Inc.,
5.35%,
1/08/55
83,013
420,437
Food
—
1.84%
80,000
Kraft
Heinz
Foods
Co.,
5.00%,
6/04/42
71,678
299,000
Kraft
Heinz
Foods
Co.,
4.88%,
10/01/49
250,692
137,000
Cargill,
Inc.,
4.38%,
4/22/52
(a)
112,854
101,000
JBS
NV/JBS
USA
Foods
Group
Holdings,
Inc.,
6.25%,
3/01/56
98,934
342,000
JBS
NV/JBS
USA
Foods
Group
Holdings,
Inc.,
6.40%,
5/10/57
(a)
341,170
190,000
JBS
NV/JBS
USA
Foods
Group
Holdings,
Inc.,
6.38%,
4/15/66
186,486
1,061,814
Gas
&
Water
Utilities
—
0.65%
99,000
Atmos
Energy
Corp.,
4.13%,
10/15/44
82,824
344,000
Southern
Co
Gas
Capital
Corp.,
3.15%,
9/30/51
226,180
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Gas
&
Water
Utilities
—
(continued)
$
68,000
Atmos
Energy
Corp.,
5.45%,
1/15/56
(d)
$
65,560
374,564
Health
Care
Equipment
&
Supplies
—
0.33%
98,000
Stryker
Corp.,
4.63%,
3/15/46
86,336
100,000
GE
HealthCare
Technologies,
Inc.,
6.38%,
11/22/52
106,350
192,686
Health
Care
Facilities
&
Services
—
0.82%
226,000
HCA,
Inc.,
5.50%,
6/15/47
210,573
188,000
HCA,
Inc.,
3.50%,
7/15/51
127,196
134,000
HCA,
Inc.,
6.00%,
4/01/54
132,368
470,137
Health
Care
Providers
&
Services
—
1.46%
146,000
UnitedHealth
Group,
Inc.,
2.75%,
5/15/40
107,871
264,000
CVS
Health
Corp.,
5.13%,
7/20/45
239,101
201,000
Elevance
Health,
Inc.,
4.38%,
12/01/47
165,050
81,000
CVS
Health
Corp.,
5.88%,
6/01/53
79,174
80,000
CVS
Health
Corp.,
6.20%,
9/15/55
81,852
195,000
UnitedHealth
Group,
Inc.,
4.95%,
5/15/62
166,918
839,966
Hotels,
Restaurants
&
Leisure
—
1.01%
228,000
McDonald's
Corp.,
4.88%,
12/09/45
205,977
236,000
McDonald's
Corp.,
3.63%,
9/01/49
172,134
290,000
Starbucks
Corp.,
3.50%,
11/15/50
202,846
580,957
Household
Products
—
0.34%
250,000
Haleon
US
Capital
LLC,
4.00%,
3/24/52
196,433
Independent
Power/Renewable
Electricity
Producers
—
0.10%
70,000
Tennessee
Valley
Authority,
4.25%,
9/15/52
59,008
Insurance
—
7.03%
183,000
SBL
Holdings,
Inc.,
7.20%,
10/30/34
(a)
171,431
106,000
Enstar
Group
Ltd.,
–%,
7/15/37
(a)(b)
106,223
94,000
New
York
Life
Insurance
Co.,
6.75%,
11/15/39
(a)
104,024
66,000
Transatlantic
Holdings,
Inc.,
8.00%,
11/30/39
80,241
142,000
Enstar
Finance
LLC,
5.50%,
1/15/42
(H15T5Y
+400.60
bps)
(b)
141,111
155,000
Teachers
Insurance
&
Annuity
Assoc.
of
America,
4.27%,
5/15/47
(a)
123,993
88,000
Securian
Financial
Group,
Inc.,
4.80%,
4/15/48
(a)
75,021
89,000
Berkshire
Hathaway
Finance
Corp.,
4.20%,
8/15/48
72,706
124,000
New
York
Life
Insurance
Co.,
3.75%,
5/15/50
(a)
91,551
153,000
Pacific
LifeCorp,
3.35%,
9/15/50
(a)
104,832
146,000
Northwestern
Mutual
Life
Insurance
Co.
(The),
3.45%,
3/30/51
(a)
100,474
143,000
Fidelity
National
Financial,
Inc.,
3.20%,
9/17/51
90,199
142,000
Aon
Corp
/
Aon
Global
Holdings
PLC,
3.90%,
2/28/52
105,032
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Insurance
—
(continued)
$
71,000
Berkshire
Hathaway
Finance
Corp.,
3.85%,
3/15/52
$
53,722
175,000
W
R
Berkley
Corp.,
3.55%,
3/30/52
123,139
219,000
Corebridge
Financial,
Inc.,
4.40%,
4/05/52
175,658
176,000
Athene
Holding
Ltd.,
3.45%,
5/15/52
109,823
322,000
Global
Atlantic
Fin
Co.,
6.75%,
3/15/54
(a)
306,739
636,000
Athene
Holding
Ltd.,
6.25%,
4/01/54
585,964
231,000
Corebridge
Financial,
Inc.,
6.38%,
9/15/54
(H15T5Y
+264.60
bps)
(b)
229,326
206,000
Athene
Holding
Ltd.,
6.63%,
10/15/54
(b)
197,942
100,000
Omnis
Funding
Trust,
6.72%,
5/15/55
(a)
104,122
100,000
Belrose
Funding
Trust
II,
6.79%,
5/15/55
(a)
102,391
42,000
Northwestern
Mutual
Life
Insurance
Co.
(The),
6.17%,
5/29/55
(a)
43,212
172,000
Symetra
Life
Insurance
Co,
6.55%,
10/01/55
(a)
176,401
178,000
Global
Atlantic
Fin
Co.,
7.25%,
3/01/56
(a)
174,449
80,000
Massachusetts
Mutual
Life
Insurance
Co.,
5.95%,
6/01/56
(a)
79,246
41,000
Teachers
Insurance
&
Annuity
Ass.
of
America,
6.05%,
6/15/56
(a)
41,370
88,000
Guardian
Life
Insurance
Co.
of
America
(The),
4.88%,
6/19/64
(a)
74,461
133,000
New
York
Life
Insurance
Co.,
4.45%,
5/15/69
(a)
102,019
4,046,822
Internet
Media
&
Services
—
2.70%
155,000
Alphabet,
Inc.,
5.35%,
11/15/45
150,374
133,000
Meta
Platforms,
Inc.,
5.50%,
11/15/45
123,414
335,000
Beignet
Investor
LLC,
6.58%,
5/30/49
(a)
341,752
248,000
Meta
Platforms,
Inc.,
4.45%,
8/15/52
191,107
234,000
Alphabet,
Inc.,
5.65%,
2/15/56
230,891
254,000
Meta
Platforms,
Inc.,
6.30%,
5/15/56
252,836
103,000
Meta
Platforms,
Inc.,
5.75%,
5/15/63
92,729
174,000
Alphabet,
Inc.,
5.75%,
2/15/66
172,137
1,555,240
It
Services
—
0.22%
149,000
Visa,
Inc.,
4.30%,
12/14/45
127,773
Leisure
Products
—
0.41%
258,000
Mattel,
Inc.,
5.45%,
11/01/41
235,722
Machinery
—
0.67%
121,000
Deere
&
Co.,
3.90%,
6/09/42
102,527
124,000
Caterpillar,
Inc.,
3.80%,
8/15/42
102,977
110,000
Caterpillar,
Inc.,
3.25%,
9/19/49
78,207
104,000
Cummins,
Inc.,
5.45%,
2/20/54
101,824
385,535
Medical
Equipment
&
Devices
—
0.32%
73,000
Abbott
Laboratories,
4.90%,
11/30/46
(c)
67,126
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Medical
Equipment
&
Devices
—
(continued)
$
122,000
Abbott
Laboratories,
5.60%,
3/15/66
$
119,547
186,673
Metals
&
Mining
—
1.80%
180,000
Freeport-McMoRan
Inc.,
5.45%,
3/15/43
174,041
106,000
Southern
Copper
Corp.,
5.88%,
4/23/45
106,563
181,000
Steel
Dynamics,
Inc.,
3.25%,
10/15/50
121,624
242,000
Anglo
American
Capital
PLC,
6.00%,
4/05/54
(a)
242,227
296,000
Rio
Tinto
Finance
USA
PLC,
5.75%,
3/14/55
299,449
90,000
Glencore
Funding
LLC,
6.14%,
4/01/55
(a)
92,542
1,036,446
Multi-Utilities
—
1.38%
231,000
Sempra,
3.80%,
2/01/38
196,481
189,000
Dominion
Energy,
Inc.,
3.30%,
4/15/41
143,768
141,000
CMS
Energy
Corp.,
4.70%,
3/31/43
120,533
131,000
NiSource,
Inc.,
4.80%,
2/15/44
116,089
135,000
CMS
Energy
Corp.,
3.75%,
12/01/50
125,247
104,000
Dominion
Energy,
Inc.,
4.85%,
8/15/52
89,658
791,776
Oil
&
Gas
Producers
—
4.64%
101,000
TransCanada
PipeLines
Ltd.,
6.20%,
10/15/37
107,244
124,000
Enterprise
Products
Operating
LLC,
6.13%,
10/15/39
132,505
100,000
Cheniere
Corpus
Christi
Holdings
LLC,
2.74%,
12/31/39
85,183
96,000
Enterprise
Products
Operating
LLC,
6.45%,
9/01/40
105,307
109,000
BP
Capital
Markets
America,
Inc.,
3.06%,
6/17/41
82,164
152,000
APA
Corp.,
5.25%,
2/01/42
131,494
120,000
Shell
Finance
US,
Inc.,
4.55%,
8/12/43
105,605
92,000
Eastern
Gas
Transmission
&
Storage,
Inc.,
4.80%,
11/01/43
82,005
150,000
DCP
Midstream
Operating
LP,
5.60%,
4/01/44
144,434
125,000
Plains
All
American
Pipeline
LP/PAA
Finance
Corp.,
4.70%,
6/15/44
108,259
239,000
APA
Corp.,
5.35%,
7/01/49
207,684
182,000
Enterprise
Products
Operating
LLC,
3.30%,
2/15/53
121,832
280,000
Woodside
Finance
Ltd.,
5.70%,
9/12/54
268,282
150,000
Aker
BP
ASA,
5.80%,
10/01/54
(a)
139,463
166,000
Williams
Cos
Inc/The,
6.00%,
3/15/55
166,111
40,000
Cheniere
Energy,
Inc.,
6.00%,
7/30/56
(a)
39,986
40,000
Cheniere
Energy
Partners
LP,
6.05%,
11/30/56
(a)
40,405
92,000
ConocoPhillips
Co.,
4.03%,
3/15/62
67,027
200,000
Saudi
Arabian
Oil
Co.,
5.88%,
7/17/64
(a)
187,759
218,000
TotalEnergies
Capital
SA,
5.43%,
9/10/64
204,342
152,000
ONEOK,
Inc.,
5.85%,
11/01/64
141,996
2,669,087
Oil
&
Gas
Services
&
Equipment
—
0.28%
164,000
Baker
Hughes
Holdings
LLC,
5.85%,
6/15/56
162,011
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Oil
&
Gas
Services
&
Equipment
—
(continued)
Oil,
Gas
&
Consumable
Fuels
—
4.48%
$
64,000
Energy
Transfer
LP,
7.50%,
7/01/38
$
73,832
111,000
Williams
Cos.
Inc.
(The),
6.30%,
4/15/40
117,954
49,000
Equinor
ASA,
5.10%,
8/17/40
47,784
204,000
Marathon
Petroleum
Corp.,
6.50%,
3/01/41
218,713
230,000
Kinder
Morgan
Energy
Partners
LP,
5.63%,
9/01/41
225,277
240,000
Energy
Transfer
LP,
5.00%,
5/15/44
210,783
143,000
Energy
Transfer
LP,
5.35%,
5/15/45
129,945
122,000
Kinder
Morgan,
Inc.,
5.55%,
6/01/45
117,217
281,000
Exxon
Mobil
Corp.,
4.11%,
3/01/46
232,315
153,000
MPLX
LP,
5.20%,
12/01/47
137,044
281,000
MPLX
LP,
4.70%,
4/15/48
233,411
124,000
Energy
Transfer
LP,
5.00%,
5/15/50
104,949
82,000
Kinder
Morgan,
Inc.,
3.60%,
2/15/51
57,787
110,000
MPLX
LP,
4.95%,
3/14/52
92,802
143,000
Targa
Resources
Corp.,
6.25%,
7/01/52
145,317
100,000
Kinder
Morgan,
Inc.,
5.45%,
8/01/52
93,469
166,000
Ovintiv,
Inc.,
7.10%,
7/15/53
183,463
80,000
Energy
Transfer
LP,
5.95%,
5/15/54
76,572
82,000
Diamondback
Energy,
Inc.,
5.90%,
4/18/64
79,988
2,578,622
Pharmaceuticals
—
0.96%
183,000
Bristol-Myers
Squibb
Co.,
2.35%,
11/13/40
128,348
138,000
Zoetis,
Inc.,
4.70%,
2/01/43
123,414
192,000
Bristol-Myers
Squibb
Co.,
4.25%,
10/26/49
156,038
241,000
Bristol-Myers
Squibb
Co.,
2.55%,
11/13/50
142,052
549,852
Reit
—
2.04%
157,000
American
Tower
Trust,
Series
2018-1,
Class
A,
3.65%,
3/15/28
(a)
154,163
123,000
RD
Michigan
Property
Owner
I
LLC,
7.50%,
3/30/45
(a)
122,600
156,000
Kimco
Realty
OP
LLC,
4.25%,
4/01/45
130,840
154,000
Kimco
Realty
OP
LLC,
4.45%,
9/01/47
130,637
103,000
Simon
Property
Group
LP,
3.25%,
9/13/49
70,676
111,000
Prologis
LP,
3.00%,
4/15/50
73,147
48,000
Mid-America
Apartments
LP,
2.88%,
9/15/51
30,463
208,000
American
Homes
4
Rent
LP,
4.30%,
4/15/52
164,363
124,000
Prologis
LP,
5.25%,
6/15/53
117,516
81,000
Public
Storage
Operating
Co.,
5.35%,
8/01/53
77,674
109,000
Realty
Income
Corp.,
5.38%,
9/01/54
105,775
1,177,854
Retail
-
Consumer
Staples
—
0.43%
266,000
Kroger
Co/The,
5.50%,
9/15/54
249,498
Retail
-
Discretionary
—
1.07%
201,000
ERAC
USA
Finance
LLC.,
4.50%,
2/15/45
(a)
172,550
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Retail
-
Discretionary
—
(continued)
$
84,000
Lowe's
Cos,
Inc.,
3.00%,
10/15/50
$
53,180
314,000
Lowe's
Cos,
Inc.,
3.50%,
4/01/51
218,244
225,000
Lowe's
Cos,
Inc.,
4.45%,
4/01/62
174,367
618,341
Road
&
Rail
—
1.10%
92,000
CSX
Corp.,
6.00%,
10/01/36
98,804
31,000
Union
Pacific
Corp.,
3.38%,
2/14/42
24,377
99,000
Norfolk
Southern
Corp.,
3.95%,
10/01/42
81,647
107,000
CSX
Corp.,
4.30%,
3/01/48
88,718
64,000
Norfolk
Southern
Corp.,
3.40%,
11/01/49
44,946
248,000
Union
Pacific
Corp.,
2.95%,
3/10/52
157,956
160,000
CSX
Corp.,
4.50%,
11/15/52
134,642
631,090
Semiconductors
—
1.81%
177,000
Foundry
JV
Holdco
LLC,
6.40%,
1/25/38
(a)
189,286
448,000
Broadcom,
Inc.,
3.50%,
2/15/41
357,953
73,000
Intel
Corp.,
3.73%,
12/08/47
52,555
60,000
Intel
Corp.,
3.25%,
11/15/49
39,066
105,000
Intel
Corp.,
4.90%,
8/05/52
88,249
281,000
Intel
Corp.,
5.70%,
2/10/53
264,999
43,000
Broadcom,
Inc.,
5.70%,
1/15/56
42,665
1,034,773
Semiconductors
&
Semiconductor
Equipment
—
0.50%
242,000
Lam
Research
Corp.,
2.88%,
6/15/50
155,968
147,000
KLA
Corp.,
4.95%,
7/15/52
133,286
289,254
Software
—
3.30%
161,000
Oracle
Corp.,
3.65%,
3/25/41
115,615
292,000
Oracle
Corp.,
6.55%,
2/04/46
275,265
522,000
Oracle
Corp.,
4.00%,
7/15/46
352,092
207,000
Oracle
Corp.,
3.60%,
4/01/50
125,879
196,000
Oracle
Corp.,
3.95%,
3/25/51
125,397
162,000
Oracle
Corp.,
6.90%,
11/09/52
155,325
105,000
Oracle
Corp.,
4.38%,
5/15/55
70,090
157,000
Oracle
Corp.,
3.85%,
4/01/60
92,204
499,000
Microsoft
Corp.,
2.68%,
6/01/60
275,152
79,000
Oracle
Corp.,
6.13%,
8/03/65
66,382
288,000
Oracle
Corp.,
6.10%,
9/26/65
240,953
1,894,354
Specialty
Finance
—
0.57%
87,000
American
Express
Co,
5.41%,
2/08/41
86,869
296,000
AerCap
Ireland
Capital
DAC,
3.85%,
10/29/41
238,352
325,221
Specialty
Retail
—
0.57%
170,000
Home
Depot,
Inc.
(The),
3.13%,
12/15/49
113,457
350,000
Home
Depot,
Inc.
(The),
2.75%,
9/15/51
213,470
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Specialty
Retail
—
(continued)
$
326,927
Technology
Hardware
—
0.50%
$
200,000
Dell
International
LLC
/
EMC
Corp.,
5.25%,
2/15/37
196,887
134,000
Dell
International
LLC
/
EMC
Corp.,
3.45%,
12/15/51
93,577
290,464
Technology
Hardware,
Storage
&
Peripherals
—
1.06%
230,000
Apple,
Inc.,
3.85%,
5/04/43
190,309
92,000
Hewlett
Packard
Enterprise
Co.,
6.35%,
10/15/45
94,817
244,000
Apple,
Inc.,
3.85%,
8/04/46
193,038
219,000
Apple,
Inc.,
2.65%,
5/11/50
133,978
612,142
Telecommunications
—
4.82%
393,000
T-Mobile
USA,
Inc.,
4.38%,
4/15/40
346,635
175,000
HUT
8
DC
LLC,
6.19%,
11/15/42
(a)
177,254
128,000
Beacon
Point
DC
LLC,
6.13%,
11/30/42
(a)
129,099
156,000
AT&T,
Inc.,
5.55%,
11/01/45
146,584
267,000
AT&T,
Inc.,
5.85%,
4/30/46
257,263
406,000
AT&T,
Inc.,
5.15%,
11/15/46
(c)
362,198
76,000
Telefonica
Emisiones
SA,
5.21%,
3/08/47
67,464
252,000
AT&T,
Inc.,
3.65%,
6/01/51
171,338
185,000
T-Mobile
USA,
Inc.,
5.65%,
1/15/53
173,603
401,000
AT&T,
Inc.,
3.65%,
9/15/59
256,285
633,000
AT&T,
Inc.,
3.85%,
6/01/60
422,708
198,000
T-Mobile
USA,
Inc.,
3.60%,
11/15/60
128,160
148,000
T-Mobile
USA,
Inc.,
5.80%,
9/15/62
142,086
2,780,677
Tobacco
—
1.64%
336,000
Philip
Morris
International,
Inc.,
4.38%,
11/15/41
294,126
69,000
Altria
Group,
Inc.,
4.25%,
8/09/42
56,869
143,000
Altria
Group,
Inc.,
3.88%,
9/16/46
106,155
164,000
BAT
Capital
Corp.,
4.54%,
8/15/47
135,196
310,000
BAT
Capital
Corp.,
7.08%,
8/02/53
349,813
942,159
Transportation
&
Logistics
—
1.11%
78,813
Polar
Tankers,
Inc.,
5.95%,
5/10/37
(a)
82,316
224,000
Burlington
Northern
Santa
Fe
LLC.,
4.90%,
4/01/44
207,738
112,000
Burlington
Northern
Santa
Fe
LLC.,
4.15%,
12/15/48
90,658
280,000
Burlington
Northern
Santa
Fe
LLC.,
5.20%,
4/15/54
260,635
641,347
Total
(Cost $58,241,561)
55,374,880
Principal
Amount
Fair
Value
U.S.
TREASURY
BONDS
&
NOTES
—
1.88%
1,542,800
United
States
Treasury
Bond,
2.50
%
,
2/15/45
1,082,009
Total
(Cost $1,073,371)
1,082,009
Sterling
Capital
Long
Duration
Corporate
Bond
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
0.87%
$
500,996
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(e)
$
500,996
Total
Money
Market
Funds
(Cost
$500,996)
500,996
Total
Investments—
98.95%
(Cost
$59,815,928)
56,957,885
Other
Assets
in
Excess
of
Liabilities
—
1.05%
602,148
NET
ASSETS
—
100.00%
$
57,560,033
(a)
Security
exempt
from
registration
under
Rule
144A
or
Section
4(2)
of
the
Securities
Act
of
1933.
The
security
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
The
Advisor,
using
Board
approved
procedures,
has
deemed
these
securities
or
a
portion
of
these
securities
to
be
liquid.
(b)
The
interest
rate
for
this
variable
rate
note,
which
will
change
periodically,
is
based
either
on
the
prime
rate
or
an
index
of
market
rates.
The
reflected
rate
is
in
effect
as
of
June
30,
2026.
The
maturity
date
reflected
is
the
final
maturity
date.
(c)
All
or
a
portion
of
the
securities
are
held
in
a
separate
collateral
account
at
US
Bank.
The
total
value
of
securities
held
in
a
separate
collateral
account
as
of
the
period
ended
June
30,
2026
is
$205,333,
which
represents
0.36%
of
net
assets.
(d)
The
security
was
purchased
on a
when-issued
or
forward
commitment
basis
(Note
3)
(e)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Quality
Income
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
0.95%
ELECTRIC
UTILITIES
—
0.75%
$
917,000
Appalachian
Power
Recovery
Funding
LLC,
5.84%,
4/01/46
$
936,105
REIT
—
0.20%
250,000
American
Tower
Trust,
Series
2018-1,
Class
A,
3.65%,
3/15/28
(a)(b)
245,482
Total
(Cost $1,166,961)
1,181,587
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
32.86%
120,125
Freddie
Mac,
Series
4097,
Class
CU,
1.50%,
8/15/27
118,061
237,563
Fannie
Mae,
Series
4136,
Class
HZ,
3.50%,
11/15/27
235,933
208,000
BANK5,
Series
2023-5YR4,
Class
B,
7.61%,
12/15/28
217,945
217,260
Ginnie
Mae,
Series
79,
Class
V,
2.80%,
3/16/29
211,626
112,740
Freddie
Mac
Principal
Strips,
Series
219,
–%,
3/01/32
102,807
1,000,000
KKR
Clo
24
Ltd.,
Series
24,
Class
A2R,
5.39%,
4/20/32
(a)
1,000,010
36,301
Freddie
Mac,
Series
2485,
Class
WG,
6.00%,
8/15/32
37,306
119,000
Fannie
Mae,
Series
4160,
Class
HH,
2.50%,
12/15/32
(b)
112,683
95,969
Fannie
Mae,
Series
2003-21,
Class
OW,
4.00%,
3/25/33
94,213
21,860
Fannie
Mae,
Series
2003-19,
Class
AR,
5.50%,
3/25/33
22,237
87,082
Freddie
Mac,
Series
2768,
Class
PC,
4.00%,
3/15/34
83,726
34,510
Ginnie
Mae,
Series
2004-69,
Class
GC,
5.50%,
4/20/34
34,602
1,050,000
Magnetite
XXIV
Ltd.,
Series
24A,
Class
BR,
5.42%,
4/15/35
(a)
1,050,095
1,500,000
Fannie
Mae-Aces,
Series
M4,
Class
A2,
4.39%,
8/25/35
1,467,351
134,807
Freddie
Mac,
Series
3042,
Class
PZ,
5.75%,
9/15/35
139,161
278,665
Ginnie
Mae,
Series
2005-60,
Class
WZ,
5.50%,
9/20/35
283,663
653,275
Freddie
Mac
Principal
Strips,
Series
236,
–%,
4/01/36
536,720
479,183
Fannie
Mae,
Series
59,
Class
DH,
6.50%,
7/25/36
505,253
1,000,000
Ares
XLIX
CLO
Ltd.,
Series
49A,
Class
BR,
5.41%,
10/22/36
(a)
1,001,950
124,405
Ginnie
Mae,
Series
2007-57,
Class
ZA,
5.75%,
10/20/37
125,289
497,490
Fannie
Mae,
Series
2008-2,
Class
PH,
5.50%,
2/25/38
500,382
52,965
Freddie
Mac,
Series
3440,
Class
EM,
5.00%,
4/15/38
53,175
452,444
Fannie
Mae,
Series
2009-28,
Class
HX,
5.00%,
5/25/39
454,911
70,037
Freddie
Mac,
Series
3816,
Class
HM,
4.50%,
5/15/40
69,813
500,000
Freddie
Mac,
Series
3714,
Class
PB,
4.75%,
8/15/40
(b)
490,239
1,000,000
Ginnie
Mae,
Series
81,
Class
AL,
4.50%,
8/20/40
954,581
Sterling
Capital
Quality
Income
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
(continued)
$
825,833
Fannie
Mae,
Series
2010-150,
Class
YL,
4.00%,
1/25/41
$
751,943
200,000
Freddie
Mac,
Series
3815,
Class
TB,
4.50%,
2/15/41
191,649
22,447
Freddie
Mac,
Series
4215,
Class
LD,
2.00%,
7/15/41
22,065
750,000
Ginnie
Mae,
Series
2011-135,
Class
PG,
3.00%,
10/16/41
670,197
20,449
Freddie
Mac,
Series
4293,
Class
MH,
3.00%,
12/15/41
19,626
722,403
Fannie
Mae,
Series
2011-131,
Class
PB,
4.50%,
12/25/41
709,649
189,440
Freddie
Mac,
Series
4094,
Class
ME,
2.50%,
8/15/42
169,360
525,500
Freddie
Mac,
Series
4088,
Class
CD,
3.00%,
8/15/42
433,418
2,466,518
Fannie
Mae,
Series
5427,
Class
HZ,
3.50%,
8/15/42
2,074,743
628,000
Freddie
Mac,
Series
4135,
Class
AY,
2.00%,
11/15/42
524,019
724,000
Freddie
Mac,
Series
4125,
Class
JC,
2.50%,
11/15/42
576,262
86,526
Freddie
Mac,
Series
4173,
Class
NB,
3.00%,
3/15/43
78,764
1,338,626
Fannie
Mae
REMICS,
Series
24,
Class
BZ,
3.00%,
3/25/43
1,200,278
67,007
Freddie
Mac,
Series
4352,
Class
ZX,
4.00%,
4/15/44
63,585
1,765,974
Freddie
Mac,
Series
5419,
Class
Z,
4.00%,
4/15/44
1,540,476
375,000
Fannie
Mae
REMICS,
Series
53,
Class
PB,
3.50%,
7/25/45
327,621
1,000,000
Freddie
Mac,
Series
4507,
Class
GB,
3.00%,
9/15/45
890,125
475,000
Freddie
Mac,
Series
4650,
Class
JE,
3.00%,
7/15/46
418,698
1,060,097
Fannie
Mae,
Series
73,
Class
DZ,
3.00%,
10/25/46
(b)
937,987
382,992
Ginnie
Mae,
Series
126,
Class
A,
2.50%,
11/16/46
368,090
712,000
Ginnie
Mae,
Series
2017-75,
Class
DL,
3.00%,
3/20/47
607,003
1,414,127
Fannie
Mae,
Series
2017-42,
Class
HL,
3.00%,
6/25/47
1,305,156
338,498
Fannie
Mae
REMICS,
Series
95,
Class
WA,
3.50%,
11/25/47
306,848
640,903
Fannie
Mae,
Series
20,
Class
KL,
3.50%,
1/25/48
532,714
830,620
Freddie
Mac,
Series
4795,
Class
JB,
4.00%,
5/15/48
790,135
1,882,090
Freddie
Mac,
Series
4841,
Class
PZ,
4.50%,
9/15/48
1,806,503
933,000
Ginnie
Mae,
Series
2019-6,
Class
JK,
3.50%,
1/20/49
829,190
644,900
Government
National
Mortgage
Association,
Series
71,
Class
BZ,
3.50%,
6/20/49
414,653
765,905
Freddie
Mac,
Series
4941,
Class
MB,
3.00%,
7/25/49
683,048
258,034
Chase
Home
Lending
Mortgage
Trust,
Series
2019-
ATR2,
Class
A3,
3.50%,
8/25/49
(a)
234,140
662,399
Fannie
Mae,
Series
2015-65,
Class
BL,
3.50%,
9/25/49
543,481
1,053,344
Fannie
Mae,
Series
5,
Class
MG,
3.50%,
2/25/50
956,512
Sterling
Capital
Quality
Income
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
(continued)
$
409,722
Fannie
Mae,
Series
12,
Class
LC,
2.00%,
3/25/50
$
340,669
285,709
Fannie
Mae,
Series
2020-10,
Class
Q,
3.00%,
3/25/50
246,215
726,000
Fannie
Mae
REMICS,
Series
22,
Class
DY,
2.50%,
4/25/50
530,584
1,882,777
Fannie
Mae,
Series
56,
Class
AQ,
2.00%,
8/25/50
1,506,012
319,979
Freddie
Mac,
Series
5115,
Class
G,
2.50%,
9/25/50
268,739
668,964
Freddie
Mac,
Series
5067,
Class
DP,
2.00%,
1/25/51
570,137
1,367,557
Government
National
Mortgage
Association,
Series
27,
Class
AW,
5.92%,
2/20/51
1,389,331
1,495,000
Benchmark
Mortgage
Trust,
Series
2023-B39,
Class
A5,
5.75%,
7/15/56
1,555,766
1,500,000
BANK
Trust,
Series
2024-BNK47,
Class
A5,
5.72%,
6/15/57
1,561,929
295,000
Benchmark
2025-V16
Mortgage
Trust,
Series
V16,
Class
A3,
5.44%,
8/15/57
300,354
477,163
Wells
Fargo
Commercial
Mortgage
Trust
2025-5C5,
Series
5C5,
Class
A3,
5.59%,
7/15/58
487,002
589,000
BBCMS
Mortgage
Trust
2025-5C36,
Series
5C36,
Class
A3,
5.52%,
8/15/58
602,382
665,000
Wells
Fargo
Commercial
Mortgage
Trust
2025-5C6,
Series
5C6,
Class
A3,
5.19%,
10/15/58
(c)
669,927
Total
(Cost $41,760,436)
40,910,717
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
19.70%
600,000
Carvana
Auto
Receivables
Trust,
Series
P3
,
Class
B,
1.42%,
8/10/27
596,573
1,000,000
Avis
Budget
Rental
Car
Funding
AESOP
LLC,
Series
8A
,
Class
A,
6.02%,
2/20/30
(a)
1,028,874
1,212,000
Hertz
Vehicle
Financing
III
LLC,
Series
4A
,
Class
A,
6.15%,
3/25/30
(a)
1,245,752
19,892
United
States
Small
Business
Administration,
Series
20D
,
Class
1,
4.36%,
4/01/30
(b)(d)
19,826
1,009,000
Dryden
CLO
Ltd.,
Series
53A
,
Class
BR,
4.97%,
1/15/31
(a)(d)(e)
1,010,675
994,000
Hertz
Vehicle
Financing
III
LLC,
Series
2A
,
Class
A,
5.48%,
1/27/31
(a)
1,006,764
750,000
GLS
Auto
Receivables
Issuer
Trust
2026-2,
Series
2A
,
Class
C,
4.90%,
1/15/32
(a)
749,946
1,210,000
Neuberger
Berman
Loan
Advisers
CLO
41
Ltd.,
Series
41A
,
Class
AR,
4.72%,
4/15/34
(TSFR3M
+105.00
bps)
(a)(d)(e)
1,210,799
370,000
Magnetite
XXI
Ltd,
Series
21AR
,
Class
BR2,
4.93%,
4/20/34
(a)(d)(e)
367,935
Sterling
Capital
Quality
Income
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
1,582,000
LCM
33
Ltd,
Series
33A
,
Class
AR,
4.84%,
7/20/34
(TSFR3M
+118.00
bps)
(a)(d)
$
1,582,237
810,000
BANK
2026-BNK52,
Series
BNK52
,
Class
A5,
5.59%,
6/15/36
839,895
127,327
Merchants
Fleet
Funding
LLC,
Series
1A
,
Class
A,
5.82%,
4/20/37
(a)
127,921
800,000
Fortress
Credit
Bsl
XXI
Ltd,
Series
1A
,
Class
AR,
5.04%,
4/24/37
(a)(d)(e)
802,072
837,511
Hilton
Grand
Vacations
Trust,
Series
2024-3A
,
Class
A,
4.98%,
8/27/40
(a)
838,575
266,749
Sierra
Timeshare
Receivables
Funding
LLC,
Series
3A
,
Class
A,
4.83%,
8/20/41
(a)
266,467
1,825,259
Tricon
Residential
Trust,
Series
2025-SFR
,
Class
A,
4.73%,
3/17/42
(TSFR3M
+110.00
bps)
(a)(e)
1,825,252
606,447
MVW
LLC,
Series
2024-2
,
Class
A,
4.43%,
3/20/42
(a)
603,230
100,000
CONE
Commercial
Mortgage
Trust
2026-DFW3,
Series
DFW3
,
Class
A,
5.75%,
5/15/43
(a)(d)
99,622
141,000
CONE
Commercial
Mortgage
Trust
2026-DFW3,
Series
DFW3
,
Class
C,
6.50%,
5/15/43
(a)(d)
140,191
147,000
CONE
Commercial
Mortgage
Trust
2026-DFW3,
Series
DFW3
,
Class
E,
8.10%,
5/15/43
(a)(d)
147,918
242,000
VDCM
Commercial
Mortgage
Trust
2025-AZ,
Series
AZ
,
Class
C,
5.84%,
7/13/44
(a)(d)
239,133
121,823
SoFi
Professional
Loan
Program
Trust,
Series
A
,
Class
A2FX,
2.54%,
5/15/46
(a)(b)(d)
117,613
100,000
BX
Commercial
Mortgage
Trust
2024-VLT5,
Series
VLT5
,
Class
A,
5.41%,
11/13/46
(a)(d)(e)
99,699
227,000
BX
Commercial
Mortgage
Trust
2024-VLT5,
Series
VLT5
,
Class
C,
6.19%,
11/13/46
(a)(d)(e)
225,023
750,000
Stack
Infrastructure
Issuer
LLC,
Series
1A
,
Class
A2,
5.00%,
5/25/50
(a)
728,833
1,200,948
SMB
Private
Education
Loan
Trust,
Series
2024-F
,
Class
A1A,
5.06%,
3/16/54
(a)
1,200,552
951,000
Vantage
Data
Centers
LLC,
Series
1A
,
Class
A2,
5.13%,
8/15/55
(a)
933,497
579,000
QTS
Issuer
ABS
II
LLC,
Series
3A
,
Class
A2,
6.16%,
1/05/56
(a)
574,487
1,500,000
Wells
Fargo
Commercial
Mortgage
Trust,
Series
2024-
C63
,
Class
A5,
5.31%,
8/15/57
1,523,944
318,000
BX
Commercial
Mortgage
Trust
2026-Vlt10,
Series
VLT10
,
Class
A,
5.36%,
6/13/58
(a)(d)(e)
309,063
335,000
BX
Commercial
Mortgage
Trust
2026-Vlt10,
Series
VLT10
,
Class
E,
7.57%,
6/13/58
(a)(d)(e)
324,455
928,000
BANK5
2025-5YR17,
Series
5YR17
,
Class
A3,
5.23%,
11/15/58
938,724
Sterling
Capital
Quality
Income
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
1,500,000
BBCMS
Mortgage
Trust
2025-C39,
Series
C39
,
5.30%,
12/15/58
$
1,522,254
1,237,000
Benchmark
2026-B43
Mortgage
Trust,
Series
B43
,
Class
A5,
5.51%,
4/15/63
(a)
1,275,132
Total
(Cost $24,603,381)
24,522,933
Principal
Amount
Fair
Value
COMMERCIAL
MORTGAGE-BACKED
SECURITIES
—
11.13%
287,006
FRESB
Mortgage
Trust,
Series
2017-SB36,
Class
A10F,
2.88%,
7/25/27
(b)(d)
282,376
1,309,000
BANK5
Trust,
Series
2024-5YR5,
Class
AS,
6.27%,
2/15/29
1,337,840
85,000
Benchmark
Mortgage
Trust,
Series
V6,
Class
A3,
5.93%,
3/15/29
87,056
553,000
Benchmark
Mortgage
Trust,
Series
V6,
Class
AS,
6.38%,
3/15/29
567,585
140,000
Freddie
Mac
Multifamily
Structured
Pass
Through,
Series
K159,
Class
A2,
3.95%,
11/25/30
(e)
137,157
2,149
CSFB
Mortgage-Backed
Pass-Through
Certificates,
Series
1,
Class
2A1,
6.50%,
2/25/34
2,148
20,242
CHL
Mortgage
Pass-Through
Trust,
Series
3,
Class
A4,
5.75%,
4/25/34
20,079
8,902
Citigroup
Mortgage
Loan
Trust,
Inc.,
Series
NCM2,
Class
3CB2,
6.50%,
8/25/34
8,908
1,000,000
Freddie
Mac
Multifamily
Structured
Pass
Through,
Series
K1522,
Class
A2,
2.36%,
10/25/36
807,429
202,479
BX
Commercial
Mortgage
Trust,
Series
2021-ACNT,
Class
C,
5.24%,
11/15/38
(a)
202,479
228,470
SMR
Mortgage
Trust,
Series
2022-IND,
Class
A,
5.28%,
2/15/39
(a)
228,470
60,702
JP
Morgan
Chase
Commercial
Mortgage,
Series
C3,
Class
B,
5.01%,
2/15/46
(a)
60,476
589,000
CD
Mortgage
Trust,
Series
2016-CD2,
Class
A4,
3.53%,
11/10/49
(b)(d)
582,362
185,000
JP
Morgan
Chase
Commercial
Mortgage,
Series
JP4,
Class
A4,
3.65%,
12/15/49
184,009
700,000
CD
Mortgage
Trust,
Series
2017-CD3,
Class
A4,
3.63%,
2/10/50
689,337
250,000
COMM
Mortgage
Trust,
Series
COR2,
Class
A3,
3.51%,
9/10/50
(b)
246,985
325,000
BBCMS
Mortgage
Trust,
Series
C7,
Class
A5,
2.04%,
4/15/53
292,498
64,000
GS
Mortgage
Securities
Trust,
Series
GC47,
Class
A5,
2.38%,
5/12/53
58,614
220,800
Wells
Fargo
Commercial
Mortgage
Trust,
Series
C56,
Class
A5,
2.45%,
6/15/53
203,118
Sterling
Capital
Quality
Income
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
COMMERCIAL
MORTGAGE-BACKED
SECURITIES
—
(continued)
$
589,492
Benchmark
Mortgage
Trust,
Series
B18,
Class
A5,
1.93%,
7/15/53
$
521,269
659,333
Morgan
Stanley
Capital
I
Trust,
Series
HR8,
Class
A4,
2.04%,
7/15/53
594,414
300,000
Wells
Fargo
Commercial
Mortgage
Trust,
Series
C58,
Class
A4,
2.09%,
7/15/53
267,382
500,000
Wells
Fargo
Commercial
Mortgage
Trust,
Series
C57,
Class
A4,
2.12%,
8/15/53
452,217
250,000
BANK
Trust,
Series
2020-BNK29,
Class
A4,
2.00%,
11/15/53
220,492
500,000
GS
Mortgage
Securities
Trust,
Series
GSA2,
Class
A5,
2.01%,
12/12/53
(b)
438,162
1,250,000
Benchmark
Mortgage
Trust,
Series
B21,
Class
A5,
1.98%,
12/17/53
(b)
1,102,578
100,000
CFCRE
Commercial
Mortgage
Trust,
Series
C7,
Class
A3,
3.84%,
12/10/54
99,576
80,000
Benchmark
Mortgage
Trust,
Series
V2,
Class
AS,
6.54%,
5/15/55
81,642
167,000
Benchmark
Mortgage
Trust,
Series
2024-V7,
Class
AS,
6.53%,
5/15/56
172,460
51,000
BMO
Mortgage
Trust,
Series
2023-5C1,
Class
AS,
7.12%,
8/15/56
52,767
178,000
BANK5
Trust,
Series
2023-5YR3,
Class
AS,
7.32%,
9/15/56
186,004
1,500,000
BMO
Mortgage
Trust,
Series
2023-C7,
Class
A5,
6.16%,
12/15/56
1,581,922
1,000,000
BANK5
Trust,
Series
2023-5YR4,
Class
AS,
7.27%,
12/15/56
1,041,902
51,000
BBCMS
Mortgage
Trust,
Series
5C25,
Class
AS,
6.36%,
3/15/57
52,318
240,000
BANK5
Trust,
Series
2024-5YR6,
Class
AS,
6.79%,
5/15/57
248,824
737,000
BMO
2025-5C12
Mortgage
Trust,
Series
5C12,
Class
A3,
5.18%,
10/15/58
(c)
743,152
Total
(Cost $14,555,253)
13,856,007
Principal
Amount
Fair
Value
MORTGAGE-BACKED
SECURITIES
—
27.81%
Fannie
Mae
—
16.87%
171,372
4.50%,
3/01/34,
Pool
#CA3294
171,162
102,823
4.00%,
5/01/37,
Pool
#ZA2461
99,867
37,951
5.50%,
6/01/38,
Pool
#984277
(b)(d)
38,981
21,847
5.50%,
8/01/38,
Pool
#995072
22,401
27,688
4.50%,
9/01/39,
Pool
#AC1830
27,381
28,029
4.50%,
10/01/40,
Pool
#AE4855
27,718
Sterling
Capital
Quality
Income
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MORTGAGE-BACKED
SECURITIES
—
(continued)
Fannie
Mae
—
(continued)
$
51,137
3.50%,
2/01/41,
Pool
#AH5646
$
47,904
80,068
4.00%,
3/01/41,
Pool
#AH4008
77,714
21,712
4.50%,
6/01/41,
Pool
#AC9298
21,440
55,704
5.00%,
7/01/41,
Pool
#AI5595
56,153
97,938
4.00%,
9/01/41,
Pool
#AJ1717
94,603
1,430,828
6.00%,
10/01/41,
Pool
#FS4183
1,499,793
381,143
6.00%,
8/01/43,
Pool
#MA5129
389,953
32,118
4.50%,
10/01/44,
Pool
#MA2066
31,464
88,636
4.00%,
12/01/44,
Pool
#MA2127
84,700
94,157
4.50%,
1/01/45,
Pool
#MA2158
92,239
104,241
3.50%,
3/01/45,
Pool
#AS4552
96,911
88,477
4.00%,
10/01/45,
Pool
#AL7487
84,466
660,972
3.00%,
10/01/46,
Pool
#BC4764
591,435
62,181
4.00%,
11/01/46,
Pool
#MA2808
59,156
86,493
3.00%,
2/01/47,
Pool
#BE2329
77,350
44,344
4.00%,
5/01/47,
Pool
#BE9598
42,101
39,685
4.50%,
11/01/47,
Pool
#BM3286
39,021
1,652,260
4.00%,
12/01/47,
Pool
#BM5019
1,562,644
1,433,952
4.00%,
6/01/48,
Pool
#ZT0541
1,360,631
1,131,348
3.50%,
6/01/50,
Pool
#CA6097
1,034,926
161,704
3.00%,
7/01/50,
Pool
#CA6421
141,825
162,735
3.00%,
7/01/50,
Pool
#CA6422
142,754
609,911
3.00%,
8/01/50,
Pool
#FS0973
542,624
737,110
3.50%,
9/01/50,
Pool
#FS5284
674,859
235,977
3.00%,
11/01/51,
Pool
#CB2170
206,490
597,809
3.50%,
2/01/52,
Pool
#MA4550
546,632
692,555
3.00%,
3/01/52,
Pool
#BV4143
610,315
533,699
3.50%,
4/01/52,
Pool
#FS1260
488,819
867,260
4.50%,
8/01/52,
Pool
#SD1515
838,918
1,639,212
4.50%,
10/01/52,
Pool
#BW9905
1,590,444
616,582
5.00%,
10/01/52,
Pool
#SD1710
610,504
377,909
5.00%,
11/01/52,
Pool
#CB5278
374,340
702,298
5.50%,
2/01/53,
Pool
#QF8052
708,821
414,389
5.50%,
3/01/53,
Pool
#FS3925
421,215
809,044
4.00%,
5/01/53,
Pool
#FS3990
764,410
968,416
6.00%,
6/01/53,
Pool
#FS6616
994,693
Sterling
Capital
Quality
Income
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MORTGAGE-BACKED
SECURITIES
—
(continued)
Fannie
Mae
—
(continued)
$
1,092,935
5.50%,
2/01/54,
Pool
#FA0202
$
1,102,514
960,030
6.00%,
4/01/54,
Pool
#FA0566
986,529
1,497,138
5.50%,
11/01/54,
Pool
#FS9455
1,519,036
20,997,856
Federal
Home
Loan
Banks
—
0.39%
550,000
1.90%,
10/07/31
483,393
Freddie
Mac
—
10.27%
19,011
4.00%,
11/01/32,
Pool
#ZS8993
18,727
14,114
5.50%,
10/01/39,
Pool
#ZI9359
14,462
22,227
5.00%,
4/01/40,
Pool
#ZI9910
22,415
40,051
5.50%,
4/01/40,
Pool
#ZA1042
41,181
17,470
5.00%,
8/01/40,
Pool
#ZA1056
17,618
43,935
4.00%,
11/01/40,
Pool
#ZJ0654
42,643
46,438
4.00%,
12/01/40,
Pool
#ZJ0811
45,073
116,935
3.50%,
8/01/42,
Pool
#ZL3508
109,127
358,780
6.00%,
2/01/43,
Pool
#RB5221
367,073
142,407
3.50%,
3/01/43,
Pool
#ZT1107
132,929
138,298
3.50%,
3/01/45,
Pool
#ZT1164
129,091
69,556
3.00%,
1/01/46,
Pool
#ZS4646
62,545
73,085
4.00%,
4/01/46,
Pool
#ZM1015
69,650
71,993
3.50%,
12/01/47,
Pool
#ZM5123
66,347
792,097
3.00%,
8/01/51,
Pool
#SD8162
691,475
554,670
4.50%,
6/01/52,
Pool
#SD1265
536,961
2,054,130
5.00%,
2/01/53,
Pool
#SD2473
2,034,400
920,375
4.50%,
5/01/53,
Pool
#SD2952
892,090
811,382
5.00%,
6/01/53,
Pool
#SD3128
804,328
759,933
5.50%,
6/01/53,
Pool
#SD3136
770,048
964,513
6.00%,
7/01/53,
Pool
#SD3223
992,210
606,592
5.50%,
6/01/54,
Pool
#SD5479
616,467
2,042,372
6.00%,
9/01/54,
Pool
#SD6558
2,107,432
2,169,797
5.50%,
11/01/54,
Pool
#SD6622
2,203,834
12,788,126
Ginnie
Mae
II
—
0.28%
5,793
4.00%,
12/20/40,
Pool
#755678
5,515
Sterling
Capital
Quality
Income
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MORTGAGE-BACKED
SECURITIES
—
(continued)
Ginnie
Mae
II
—
(continued)
$
372,175
4.00%,
7/20/52,
Pool
#786280
$
347,715
353,230
Total
(Cost $35,148,151)
34,622,605
Principal
Amount
Fair
Value
U.S.
GOVERNMENT
&
AGENCIES
—
1.46%
1,828,665
Freddie
Mac
Pool,
5.00
%
,
4/01/55
1,813,985
Total
(Cost $1,842,238)
1,813,985
Principal
Amount
Fair
Value
U.S.
TREASURY
BONDS
&
NOTES
—
4.28%
2,263,600
United
States
Treasury
Note,
4.00
%
,
2/15/34
2,211,431
2,644,100
United
States
Treasury
Bond,
2.38
%
,
2/15/42
(b)(d)
1,928,334
2,158,200
United
States
Treasury
Bond,
1.88
%
,
11/15/51
(b)(d)
1,186,167
Total
(Cost $6,017,734)
5,325,932
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
2.00%
2,484,167
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(f)
2,484,167
Total
Money
Market
Funds
(Cost
$2,484,167)
2,484,167
Total
Investments—
100.19%
(Cost
$127,578,321)
124,717,933
Liabilities
in
Excess
of
Other
Assets
—
(0.19)%
(242,347)
NET
ASSETS
—
100.00%
$
124,475,586
(a)
Security
exempt
from
registration
under
Rule
144A
or
Section
4(2)
of
the
Securities
Act
of
1933.
The
security
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
The
Advisor,
using
Board
approved
procedures,
has
deemed
these
securities
or
a
portion
of
these
securities
to
be
liquid.
(b)
All
or
a
portion
of
the
securities
are
held
in
a
separate
collateral
account
at
US
Bank.
The
total
value
of
securities
held
in
a
separate
collateral
account
as
of
the
period
ended
June
30,
2026
is
$3,952,822,
which
represents
3.18%
of
net
assets.
(c)
The
security
was
purchased
on a
when-issued
or
forward
commitment
basis
(Note
3)
(d)
The
interest
rate
for
this
variable
rate
note,
which
will
change
periodically,
is
based
either
on
the
prime
rate
or
an
index
of
market
rates.
The
reflected
rate
is
in
effect
as
of
June
30,
2026.
The
maturity
date
reflected
is
the
final
maturity
date.
(e)
Security
is
a
fix-to-float
security,
which
carries
a
fixed
coupon
until
a
certain
date,
upon
which
it
switches
to
a
floating
rate.
Rate
shown
is
the
fixed
rate.
(f)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Quality
Income
Fund
June
30,
2026
-
(Unaudited)
FUTURES
CONTRACTS
Contracts
Expiration
Date
Notional
Value
Aggregate
Market
Value
of
Contracts
Unrealized
Appreciation
(Depreciation)
Ultra
10-Year
US
Treasury
Note
Futures
25
09/22/2026
$
2,773,428
$
38,291
$
38,291
Ultra
U.S.
Treasury
Bond
Futures
18
09/22/2026
2,028,508
62,305
62,304
Total
Futures
Contracts
$
4,801,936
$
100,596
$
100,596
Sterling
Capital
North
Carolina
Intermediate
Tax-Free
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
98.50%
North
Carolina
—
98.50%
$
500,000
Brunswick
County,
NC,
Enterprise
Systems
Revenue,
Callable
2/1/33
@
100
,
5.00
%,
2/1/42
$
540,723
575,000
Brunswick
County,
NC,
Enterprise
Systems
Revenue,
Callable
2/1/33
@
100
,
5.00
%,
2/1/41
624,489
1,100,000
Cabarrus
County,
NC,
Refunding
Revenue
Bonds
Series
A
,
5.00
%,
6/1/31
1,217,308
2,000,000
Charlotte,
NC,
Current
Refunding
G.O.
Series
A,
Callable
6/1/29
@
100
,
5.00
%,
6/1/34
2,123,834
2,275,000
Charlotte,
NC,
Recreational
Facilities
Improvements
Revenue,
Callable
12/1/28
@
100
,
5.00
%,
12/1/33
2,392,915
1,520,000
Charlotte,
NC,
Recreational
Facilities
Improvements
Revenue,
Callable
12/1/28
@
100
,
5.00
%,
12/1/34
1,596,054
2,650,000
Charlotte,
NC,
Water
&
Sewer
System
Revenue,
Refunding
Revenue
Bonds
Series
A,
Callable
7/1/32
@
100
,
5.00
%,
7/1/39
2,908,306
1,130,000
Chatham
County,
NC,
Refunding
Revenue
(County
Guaranteed)
,
5.00
%,
12/1/28
1,160,363
1,760,000
City
of
Asheville
NC
Water
System
Revenue
,
5.00
%,
8/1/42
1,944,435
750,000
City
of
Asheville
NC
Water
System
Revenue
,
5.00
%,
8/1/51
801,686
1,500,000
City
of
Charlotte
NC
Water
&
Sewer
System
Revenue
,
5.00
%,
7/1/31
1,668,078
1,720,000
City
of
Fayetteville
NC
Public
Works
Comm.
Rev.
,
5.00
%,
3/1/40
1,883,353
2,000,000
City
of
Greensboro
NC
,
5.00
%,
4/1/41
2,172,914
1,000,000
City
of
Winston-Salem
NC
Water
,
5.00
%,
6/1/38
1,156,898
2,100,000
Concord,
NC,
Recreational
Facility
Improvements
G.O.,
Callable
9/1/33
@
100
,
5.00
%,
9/1/34
2,397,557
720,000
County
of
Ashe
NC
,
5.00
%,
6/1/38
803,869
500,000
County
of
Ashe
NC
,
5.00
%,
6/1/39
555,665
2,000,000
County
of
Buncombe
NC
,
5.00
%,
6/1/43
2,242,362
1,000,000
County
of
Durham
NC
,
5.00
%,
6/1/41
1,137,839
2,210,000
County
of
Forsyth,
NC
,
5.00
%,
6/1/30
2,414,197
2,060,000
County
of
Guilford
NC
,
5.00
%,
3/1/39
2,335,582
2,000,000
County
of
Guilford
NC
,
5.00
%,
3/1/32
2,249,210
2,000,000
County
of
Iredell
NC
,
5.00
%,
4/1/37
2,301,714
2,000,000
County
of
Johnston
NC
,
4.00
%,
4/1/45
1,997,459
2,000,000
County
of
Mecklenburg
NC
,
5.00
%,
2/1/31
2,210,729
2,185,000
County
of
Orange
NC
,
5.00
%,
10/1/38
2,480,938
1,795,000
County
of
Transylvania,
NC
,
5.00
%,
4/1/30
1,950,565
Sterling
Capital
North
Carolina
Intermediate
Tax-Free
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
North
Carolina
—
(continued)
$
1,450,000
County
of
Wake
NC
,
5.00
%,
4/1/39
$
1,649,639
1,500,000
County
of
Wake,
NC
,
5.00
%,
4/1/39
1,726,701
1,150,000
Currituck
County,
NC,
Callable
4/1/33
@
100
,
5.00
%,
4/1/37
1,277,428
1,000,000
Currituck
County,
NC,
Callable
4/1/33
@
100
,
5.00
%,
4/1/38
1,105,103
1,150,000
Currituck
County,
NC,
Callable
4/1/33
@
100
,
5.00
%,
4/1/36
1,283,612
1,000,000
Durham
County,
NC,
Current
Refunding
G.O.
,
5.00
%,
6/1/29
1,070,199
1,000,000
Elizabeth
City
State
University,
Board
of
Governors
of
NC,
Advance
Refunding
Revenue
Bonds,
Callable
4/1/29
@
100
(AGM)
,
5.00
%,
4/1/40
1,029,418
1,690,000
Fayetteville,
NC,
Public
Works
Commission,
Electric
Light
&
Power
Improvements
Revenue,
Callable
3/1/24
@
100
,
5.00
%,
3/1/29
1,757,219
1,180,000
Fuquay-Varina
NC
Combined
Utilities
Revenue
,
5.00
%,
2/1/38
1,318,608
2,000,000
Greensboro,
NC,
Recreational
Facility
Improvements
G.O.
Series
B,
Callable
4/1/32
@
100
,
5.00
%,
4/1/40
2,183,008
880,000
Johnston
County,
NC,
Water
Utility
Improvements
Revenue
Bonds,
Callable
4/1/33
@
100
,
5.00
%,
4/1/39
969,591
1,000,000
Macon
County,
NC
,
5.00
%,
10/1/41
1,099,616
1,100,000
Mecklenburg
County,
NC,
Limited
Obligations
,
5.00
%,
2/1/38
1,246,577
1,100,000
Nash
Health
Care
Systems
,
5.00
%,
2/1/32
1,199,095
500,000
North
Carolina
Agricultural
&
Technical
State
University,
Refunding
Revenue
Series
A
,
5.00
%,
10/1/43
538,522
1,000,000
North
Carolina
Agricultural
&
Technical
State
University,
Refunding
Revenue
Series
A
,
5.00
%,
10/1/52
1,034,967
500,000
North
Carolina
Agricultural
&
Technical
State
University,
Refunding
Revenue
Series
A
,
5.00
%,
10/1/48
521,259
750,000
North
Carolina
Capital
Facilities
Finance
Agency
,
5.00
%,
1/1/36
869,726
1,000,000
North
Carolina
Central
University,
University
&
College
Improvements,
Revenue
Bonds,
Callable
4/1/29
@
100
,
5.00
%,
4/1/37
1,036,762
1,000,000
North
Carolina
Housing
Finance
Agency
,
6.25
%,
1/1/56
1,115,846
2,000,000
North
Carolina
Medical
Care
Commission,
Advance
Refunding
Revenue
Bonds,
Vidant
Health,
Callable
6/1/25
@
100
,
5.00
%,
6/1/40
(a)
2,002,027
Sterling
Capital
North
Carolina
Intermediate
Tax-Free
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
North
Carolina
—
(continued)
$
1,500,000
North
Carolina
Medical
Care
Commission,
Health,
Hospital
and
Nursing
Home
Improvements,
Revenue
Bonds
Series
A,
Callable
1/1/30
@
100
,
5.00
%,
7/1/32
$
1,603,124
3,000,000
North
Carolina
State,
Advance
Refunding
Revenue
Bonds
Series
B,
Callable
5/1/27
@
100
,
5.00
%,
5/1/30
(a)
3,056,019
2,000,000
North
Carolina
State,
Build
North
Carolina
Bonds,
Highway
Improvements
Revenue
Bonds
Series
A,
Callable
5/1/29
@
100
,
5.00
%,
5/1/31
2,125,988
1,100,000
North
Carolina
Turnpike
Authority,
Senior
Lien,
Advance
Refunding
Revenue,
Callable
1/1/27
@
100
(AGM)
,
5.00
%,
1/1/28
1,112,345
1,060,000
Pitt
County,
NC,
Advance
Refunding
Revenue
Bonds
Series
B,
Callable
10/1/26
@
100
,
5.00
%,
4/1/30
1,066,074
2,000,000
Raleigh,
NC,
Combined
Enterprise
System
Revenue,
Current
Refunding
Revenue
Bonds,
Callable
9/1/33
@
100
,
5.00
%,
9/1/48
2,125,667
2,200,000
Raleigh,
NC,
Refunding
Notes
G.O.
Series
A,
Callable
4/1/33
@
100
,
5.00
%,
4/1/40
2,432,692
1,025,000
Raleigh,
NC,
Refunding
Notes
G.O.
Series
A,
Callable
4/1/33
@
100
,
5.00
%,
4/1/36
1,154,000
1,000,000
State
of
North
Carolina
,
5.00
%,
3/1/33
1,053,665
1,470,000
Town
of
Apex,
NC,
Callable
2/1/33
@
100
,
5.00
%,
2/1/35
(a)
1,659,928
1,195,000
Town
of
Fuquay-Varina
NC,
Multi-Utility
Improvements
G.O.
,
5.00
%,
8/1/31
1,331,846
1,080,000
Town
of
Garner
NC,
Public
Improvements
G.O.
,
5.00
%,
2/1/31
1,192,317
1,080,000
Town
of
Garner
NC,
Public
Improvements
G.O.,
Callable
2/1/33
@
100
,
5.00
%,
2/1/34
1,219,186
1,730,000
Town
of
Holly
Springs
NC
,
5.00
%,
2/1/33
(a)
1,970,897
1,005,000
Town
of
Huntersville,
NC
,
5.00
%,
12/1/28
1,065,649
1,030,000
Union
County,
NC,
Public
Improvements
Bonds
G.O.,
Callable
3/1/32
@
100
,
5.00
%,
3/1/34
1,149,325
2,115,000
University
of
North
Carolina
at
Asheville/The
,
5.00
%,
6/1/38
2,393,478
740,000
University
of
North
Carolina
at
Chapel
Hill
,
5.00
%,
12/1/33
822,695
1,500,000
University
of
North
Carolina
at
Chapel
Hill,
Current
Refunding
Revenue
Bonds
Series
B,
Callable
12/1/31
@
100
,
5.00
%,
12/1/36
1,649,431
1,100,000
University
of
North
Carolina
at
Wilmington,
Current
Refunding
Revenue
Bonds
Series
B,
Callable
10/1/29
@
100
,
5.00
%,
10/1/34
1,170,615
1,585,000
Wake
County,
NC,
Public
Improvements,
G.O.
Series
A,
Callable
3/1/28
@
100
,
5.00
%,
3/1/30
1,649,064
Sterling
Capital
North
Carolina
Intermediate
Tax-Free
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
North
Carolina
—
(continued)
$
350,000
Watauga
Public
Facilities
Corp.,
School
Improvements
Revenue
Bonds,
Callable
6/1/32
@
100
,
5.25
%,
6/1/40
$
384,191
375,000
Watauga
Public
Facilities
Corp.,
School
Improvements
Revenue
Bonds,
Callable
6/1/32
@
100
,
5.00
%,
6/1/37
411,342
375,000
Watauga
Public
Facilities
Corp.,
School
Improvements
Revenue
Bonds,
Callable
6/1/32
@
100
,
5.00
%,
6/1/38
409,746
650,000
Watauga
Public
Facilities
Corp.,
School
Improvements
Revenue
Bonds,
Callable
6/1/32
@
100
,
5.25
%,
6/1/42
706,715
2,060,000
Wilmington,
NC,
Public
Improvements
G.O.
Series
A
,
5.00
%,
5/1/31
2,286,566
Total
(Cost $108,779,558)
110,506,530
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
0.44%
497,574
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(b)
497,574
Total
Money
Market
Funds
(Cost
$497,574)
497,574
Total
Investments—
98.94%
(Cost
$109,277,132)
111,004,104
Other
Assets
in
Excess
of
Liabilities
—
1.06%
1,189,841
NET
ASSETS
—
100.00%
$
112,193,945
(a)
All
or
a
portion
of
the
securities
are
held
in
a
separate
collateral
account
at
US
Bank.
The
total
value
of
securities
held
in
a
separate
collateral
account
as
of
the
period
ended
June
30,
2026
is
$2,300,312,
which
represents
2.05%
of
net
assets.
(b)
Represents
the
current
yield
as
of
report
date.
AGM
Assured
Guaranty
Municipal
Corp.
G.O.
General
Obligation
Sterling
Capital
South
Carolina
Intermediate
Tax-Free
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
97.65%
South
Carolina
—
97.65%
$
450,000
Aiken
County
Consolidated
School
District/SC
,
5.00
%,
4/1/34
$
516,429
500,000
Anderson
County
School
District
No
4/SC
,
5.00
%,
3/1/38
566,931
270,000
Charleston
County
Airport
District
,
5.25
%,
7/1/54
284,354
500,000
Charleston,
SC,
Waterworks
&
Sewer
System
Revenue,
Water
Utility
Improvements
Revenue
Bonds,
Callable
7/1/32
@
100
,
5.00
%,
1/1/52
522,045
355,000
City
of
Rock
Hill
SC
,
5.00
%,
1/1/35
405,685
500,000
Clemson
University
,
5.00
%,
5/1/47
533,370
400,000
College
of
Charleston
,
4.25
%,
4/1/43
407,702
500,000
Columbia,
SC,
Waterworks
&
Sewer
System
Revenue,
Water
&
Sewer
Utility
Improvements
Revenue,
Callable
2/1/28
@
100
,
5.00
%,
2/1/48
519,419
500,000
Columbia,
SC,
Waterworks
&
Sewer
System
Revenue,
Water
&
Sewer
Utility
Improvements
Revenue,
Callable
2/1/33
@
100
,
5.25
%,
2/1/52
528,667
500,000
County
of
Beaufort
SC
,
5.00
%,
3/1/31
552,063
500,000
County
of
Dorchester
SC
,
5.00
%,
10/1/36
566,900
500,000
County
of
Sumter
SC
,
5.00
%,
5/1/32
560,215
780,000
Dorchester
County
School
District
No.
4,
School
Improvements
G.O.
Series
A,
Callable
9/1/33
@
100
(SCSDE)
,
5.00
%,
3/1/43
844,307
500,000
Florence,
SC,
Combined
Waterworks
&
Sewerage
System
Revenue,
Water
Utility
Improvements
Revenue
Bonds,
Callable
9/1/33
@
100
,
5.00
%,
9/1/37
555,202
500,000
Greenwood
County,
SC
,
5.00
%,
10/1/32
545,218
500,000
Lancaster
County,
SC,
School
District,
School
Improvements
G.O.
Series
A,
Callable
3/1/27
@
100
(SCSDE)
,
4.00
%,
3/1/30
504,229
635,000
Lexington
&
Richland
Counties,
SC,
School
District
No.
5,
School
Improvements
G.O.
(SCSDE)
,
5.00
%,
3/1/33
720,063
600,000
Lexington
County,
SC,
School
District
No.
1,
School
Improvements
G.O.
Series
B,
Callable
2/1/29
@
100
(SCSDE)
,
5.00
%,
2/1/31
634,058
500,000
Lexington
County,
SC,
School
District
No.
2,
G.O.
Series
C,
Callable
3/1/27
@
100
(SCSDE)
,
5.00
%,
3/1/31
507,614
585,000
Lugoff-Elgin
Water
Authority,
Refunding
Revenue
Series
B,
Callable
7/1/26
@
100
,
5.00
%,
7/1/30
(a)
586,044
500,000
Newberry
Investing
in
Children's
Education
,
5.00
%,
12/1/30
546,511
Sterling
Capital
South
Carolina
Intermediate
Tax-Free
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
South
Carolina
—
(continued)
$
500,000
Oconee
County,
SC
,
5.00
%,
4/1/41
$
543,613
400,000
Orangeburg
County
School
District
,
5.00
%,
4/1/42
448,580
500,000
Orangeburg
County,
SC,
Correctional
Facilities
Improvements,
Installment
Purchase
Revenue
Bonds,
Callable
12/1/27
@
100
,
5.00
%,
12/1/29
509,949
715,000
Patriots
Energy
Group
Financing
Agency
,
5.25
%,
2/1/54
769,210
805,000
Richland
County,
SC,
School
District
No.
2,
School
Improvements
G.O.
Series
A,
Callable
3/1/32
@
100
(SCSDE)
,
5.00
%,
3/1/36
(a)
887,260
645,000
South
Carolina
Jobs-Economic
Development
Authority
,
5.00
%,
11/1/34
722,098
415,000
South
Carolina
Jobs-Economic
Development
Authority
Series
2025-B-2
,
5.00
%,
11/1/49
457,629
500,000
South
Carolina
Jobs-Economic
Development
Authority
,
5.25
%,
11/1/54
526,192
400,000
South
Carolina
Jobs-Economic
Development
Authority
,
5.00
%,
11/1/33
(a)
451,181
350,000
South
Carolina
Jobs-Economic
Development
Authority,
AnMed
Health
Project,
Advanced
Refunding
Revenue
Bonds,
Callable
2/1/26
@
100
,
5.00
%,
2/1/29
(a)
351,615
500,000
South
Carolina
Jobs-Economic
Development
Authority,
Wofford
College
Project,
University
&
College
Improvements
Revenue,
Callable
4/1/29
@
100
,
5.00
%,
4/1/44
511,483
440,000
South
Carolina
Public
Service
Authority
,
5.00
%,
12/1/55
458,114
445,000
South
Carolina
Public
Service
Authority,
Callable
12/1/32
@
100
,
5.25
%,
12/1/36
497,245
500,000
South
Carolina
Transportation
Infrastructure
Bank,
Advance
Refunding
Revenue
Series
A,
Callable
10/1/27
@
100
(AGM)
,
5.00
%,
10/1/38
511,300
500,000
Spartanburg
County
School
District
No.
4,
SC,
School
Improvements
G.O.
(SCSDE)
Series
A,
Callable
3/1/32
@
100
(SCSDE)
,
5.00
%,
3/1/40
543,951
500,000
Spartanburg
County
School
District
No.
5,
SC,
School
Improvements
G.O.,
Callable
3/1/32
(SCSDE)
,
5.00
%,
3/1/37
548,015
750,000
State
of
South
Carolina,
University
&
College
Improvements
G.O.
Series
A,
Callable
4/1/32
@
100
,
5.00
%,
4/1/39
821,506
Total
(Cost $20,743,686)
20,965,967
Sterling
Capital
South
Carolina
Intermediate
Tax-Free
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
3.32%
$
711,890
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(b)
$
711,890
Total
Money
Market
Funds
(Cost
$711,890)
711,890
Total
Investments—
100.97%
(Cost
$21,455,576)
21,677,857
Liabilities
in
Excess
of
Other
Assets
—
(0.97)%
(208,819)
NET
ASSETS
—
100.00%
$
21,469,038
(a)
All
or
a
portion
of
the
securities
are
held
in
a
separate
collateral
account
at
US
Bank.
The
total
value
of
securities
held
in
a
separate
collateral
account
as
of
the
period
ended
June
30,
2026
is
$454,291,
which
represents
2.12%
of
net
assets.
(b)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Virginia
Intermediate
Tax-Free
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
98.03%
Virginia
—
98.03%
$
750,000
Albemarle
County
Economic
Development
Authority
,
5.00
%,
6/1/40
$
852,098
550,000
Arlington
County
Industrial
Development
Authority
,
5.00
%,
7/1/30
593,743
750,000
Chesapeake,
VA,
Chesapeake
Expressway,
Callable
7/15/34
@
100
,
5.00
%,
7/15/41
832,829
750,000
Chesapeake,
VA,
Public
Improvements,
Refunding
G.O.
Series
A,
Callable
18/1/27
@
100
,
5.00
%,
8/1/30
768,863
500,000
Chesterfield
County,
VA,
School
Improvements
G.O.,
(State
Aid
Withholding)
Series
A,
Callable
1/1/28
@
100
,
4.00
%,
1/1/31
510,056
500,000
Chesterfield
County,
VA,
School
Improvements
G.O.,
(State
Aid
Withholding),
Callable
1/1/33
@
100
,
5.00
%,
1/1/40
549,206
600,000
City
of
Alexandria,
VA
,
5.00
%,
12/15/33
690,436
500,000
City
of
Hampton
VA
,
5.00
%,
10/1/39
567,759
500,000
County
of
Greene
VA
Water
&
Sewer
System
Revenue
,
5.00
%,
5/1/37
552,172
525,000
County
of
Loudoun
VA
,
5.00
%,
12/1/39
597,199
500,000
Fairfax
County
Industrial
Development
Authority
,
5.00
%,
5/15/37
546,554
500,000
Fairfax
County
Industrial
Development
Authority
,
5.00
%,
5/15/35
551,862
1,145,000
Fairfax
County,
VA,
School
Improvements
G.O.,
Current
Refunding
Series
A,
Callable
4/1/30
@
100
,
5.00
%,
10/1/30
(a)
1,245,091
700,000
Fairfax
County,
VA,
Sewer
Revenue
,
5.00
%,
7/15/54
736,584
500,000
Hampton
Roads
Sanitation
District
,
5.00
%,
7/1/41
556,571
1,000,000
Hampton
Roads
Transp.
Accountability
Comm.
,
5.00
%,
7/1/31
1,091,973
500,000
Henrico
County
Economic
Development
Authority
,
5.00
%,
11/1/35
568,060
700,000
Loudoun
County
Economic
Development
Authority,
Loudoun
County
Public
Improvements
Projects,
Revenue
Bonds
Series
A,
Callable
12/1/31
@
100
,
5.00
%,
12/1/36
763,924
525,000
Lynchburg
Economic
Development
Authority
,
5.00
%,
1/1/37
585,517
700,000
Lynchburg
Economic
Development
Authority
,
5.00
%,
1/1/35
758,414
1,000,000
Norfolk,
VA,
Callable
8/1/28
@
100
,
5.00
%,
8/1/47
1,051,568
500,000
Norfolk,
VA,
Water
Revenue,
Callable
11/1/33
@
100
,
5.00
%,
11/1/44
542,254
Sterling
Capital
Virginia
Intermediate
Tax-Free
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
Virginia
—
(continued)
$
750,000
Norfolk,
VA,
Water
Revenue,
Callable
11/1/33
@
100
,
5.00
%,
11/1/40
$
830,664
750,000
Roanoke
Economic
Development
Authority
,
5.00
%,
7/1/33
844,849
1,000,000
Roanoke,
VA,
School
Improvements
G.O.,
Callable
4/1/32
@
100
,
5.00
%,
4/1/34
(a)
1,113,690
500,000
Salem
Economic
Development
Authority
,
5.00
%,
4/1/40
520,862
1,000,000
Salem,
VA,
School
Improvements
G.O.,
Current
Refunding
,
5.00
%,
5/1/28
1,044,766
500,000
Spotsylvania
County,
VA,
School
Improvements
G.O.,
Callable
7/15/32
@
100
,
5.00
%,
1/15/38
551,272
750,000
Spotsylvania
County,
VA,
School
Improvements
G.O.,
Callable
7/15/32
@
100
,
5.00
%,
1/15/37
831,862
1,085,000
Suffolk,
VA,
Callable
2/1/32
@
100
,
5.00
%,
2/1/43
(a)
1,163,726
500,000
Upper
Occoquan
Sewage
Authority
,
5.00
%,
7/1/37
574,616
500,000
Virginia
College
Building
Authority,
University
&
College
Improvements
Revenue
Bonds
(State
Intercept)
Series
C
,
5.00
%,
9/1/29
536,691
1,000,000
Virginia
Housing
Development
Authority,
Callable
4/1/26
@
100
,
3.00
%,
10/1/29
1,000,062
585,000
Virginia
Port
Authority
,
5.00
%,
7/1/32
653,220
750,000
Virginia
Port
Authority
Commonwealth
Port
Fund,
Airport
&
Marina
Improvements
Revenue
Bonds
Series
A
,
5.00
%,
7/1/41
822,022
750,000
Virginia
Public
School
Authority,
School
Improvements
Revenue
Bonds
(State
Aid
Withholding)
,
5.00
%,
8/15/30
821,460
1,000,000
Virginia
Public
School
Authority,
School
Improvements
Revenue
Bonds
(State
Aid
Withholding)
,
5.00
%,
1/15/30
1,083,421
600,000
Virginia
Small
Business
Financing
Authority
,
5.00
%,
10/1/32
649,936
750,000
Winchester
Economic
Development
Authority,
Callable
1/1/34
@
100
,
5.00
%,
1/1/42
806,926
Total
(Cost $29,031,129)
29,362,778
Sterling
Capital
Virginia
Intermediate
Tax-Free
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
0.66%
$
198,381
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(b)
$
198,381
Total
Money
Market
Funds
(Cost
$198,381)
198,381
Total
Investments—
98.69%
(Cost
$29,229,510)
29,561,159
Other
Assets
in
Excess
of
Liabilities
—
1.31%
390,958
NET
ASSETS
—
100.00%
$
29,952,117
(a)
All
or
a
portion
of
the
securities
are
held
in
a
separate
collateral
account
at
US
Bank.
The
total
value
of
securities
held
in
a
separate
collateral
account
as
of
the
period
ended
June
30,
2026
is
$998,268,
which
represents
3.33%
of
net
assets.
(b)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
West
Virginia
Intermediate
Tax-Free
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
98.87%
West
Virginia
—
98.87%
$
500,000
Berkeley
County
Public
Service
Sewer
,
5.00
%,
6/1/40
$
532,377
1,750,000
Berkeley
County,
Board
of
Education,
School
Improvements
G.O.
(West
Virginia
Board
Commission),
Callable
6/1/33
@
100
,
4.00
%,
6/1/36
(a)
1,803,000
500,000
Berkeley
County,
WV,
Public
Service
Sewer
District,
Miscellaneous
Purposes
Revenue
Series
C,
Callable
10/30/23
@
100
(BAM)
,
4.50
%,
10/1/32
500,494
1,000,000
Braxton
County,
WV,
Board
of
Education,
Public
School,
Advance
Refunding
G.O.
(West
Virginia
Board
Commission),
Callable
5/1/26
@
100
,
5.00
%,
5/1/28
(a)
1,001,906
750,000
City
of
Huntington
WV
Combined
Sewer
,
5.00
%,
6/1/46
790,340
375,000
City
of
Wheeling
WV
Waterworks
,
5.25
%,
6/1/50
397,058
1,000,000
Hancock
County
Board
of
Education
,
5.00
%,
6/1/35
1,099,259
1,360,000
Marshall
University,
WV,
University
&
College
Improvements
Revenue
Bonds
Series
A
(AGM)
,
5.00
%,
5/1/30
1,460,244
705,000
Morgantown
Utility
Board,
WV,
Combined
Water
Utility
Improvements
Revenue
Series
B,
Callable
6/1/28
@
100
,
5.00
%,
12/1/34
731,507
1,140,000
Morgantown
Utility
Board,
WV,
Water
Utility
Improvements
Revenue
Bonds
Series
B,
Callable
6/1/28
@
100
,
5.00
%,
12/1/36
1,179,495
750,000
Ohio
County,
WV,
Board
of
Education,
School
Improvements
G.O.
(West
Virginia
Board
Commission)
,
3.00
%,
6/1/28
750,597
1,000,000
Ohio
County,
WV,
Board
of
Education,
School
Improvements
G.O.
(West
Virginia
Board
Commission)
,
4.00
%,
6/1/29
1,031,409
1,275,000
Ohio
County,
WV,
Callable
6/1/34
@
100
,
5.25
%,
6/1/44
1,323,561
1,000,000
Putnam
County
Board
of
Education/WV
,
5.00
%,
6/1/32
1,107,951
1,500,000
Putnam
County
Board
of
Education/WV
,
5.00
%,
6/1/37
1,678,313
765,000
School
Building
Authority
of
West
Virginia,
Lottery
Capital
Improvements
Revenue
Series
A,
Callable
7/1/24
@
100
,
5.00
%,
7/1/28
766,548
1,000,000
State
of
West
Virginia,
Callable
6/1/29
@
100
,
5.00
%,
6/1/44
1,039,471
1,505,000
State
of
West
Virginia,
Callable
6/1/31
@
100
,
5.00
%,
6/1/45
1,590,162
1,000,000
State
of
West
Virginia,
Fuel
Sales
Tax
Revenue,
Group
1
Highway
Improvements,
G.O.
Series
S,
Callable
6/1/29
@
100
,
5.00
%,
12/1/35
1,056,816
1,000,000
Taylor
County,
WV,
Board
of
Education,
Callable
6/1/34
@
100
,
5.00
%,
6/1/35
1,134,126
Sterling
Capital
West
Virginia
Intermediate
Tax-Free
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
West
Virginia
—
(continued)
$
1,000,000
Taylor
County,
WV,
Board
of
Education,
Callable
6/1/34
@
100
,
5.00
%,
6/1/36
$
1,129,129
850,000
West
Virginia
Commissioner
of
Highways,
Callable
9/1/27
@
100
,
5.00
%,
9/1/28
873,835
500,000
West
Virginia
Economic
Development
Authority
,
3.38
%,
3/1/40
503,881
1,145,000
West
Virginia
Economic
Development
Authority,
Lottery
Recreational
Facilities
Improvements
Revenue
Series
A,
Callable
7/1/27
@
100
,
5.00
%,
7/1/28
1,173,082
1,500,000
West
Virginia
Economic
Development
Authority,
Provident
Group
-
Marshall
Properties
L.L.C,
Current
Refunding
Revenue
Bonds
Series
A-1,
Callable
7/1/33
@
100
,
5.00
%,
7/1/37
1,634,144
1,125,000
West
Virginia
Hospital
Finance
Authority
,
5.00
%,
6/1/39
1,218,874
450,000
West
Virginia
Hospital
Finance
Authority
,
5.50
%,
6/1/50
480,612
1,470,000
West
Virginia
Hospital
Finance
Authority,
Charleston
Area
Medical
Center
Inc.,
Health,
Hospital,
Nursing
Home
Improvements,
Refunding
Revenue,
Callable
9/1/29
@
100
,
5.00
%,
9/1/39
1,496,167
1,000,000
West
Virginia
Hospital
Finance
Authority,
Health
Care
Facilities
Revenue
Bonds
Series
A,
Callable
6/1/33
@
100
,
5.00
%,
6/1/41
1,071,859
1,070,000
West
Virginia
Housing
Development
Fund,
Revenue
Bonds
Series
A
,
3.25
%,
5/1/29
1,078,014
905,000
West
Virginia
Housing
Development
Fund,
Revenue
Bonds
Series
A
,
3.30
%,
11/1/29
912,050
735,000
West
Virginia
Lottery
Excess
Lottery
Revenue
,
5.00
%,
7/1/39
796,622
1,980,000
West
Virginia
Parkways
Authority,
Highway
Improvements,
Senior
Lien
Revenue
Bonds,
Callable
6/1/31
@
100
,
5.00
%,
6/1/47
2,057,966
1,105,000
West
Virginia
Parkways
Authority,
Senior
Turnpike
Toll
Revenue,
Highway
Improvements,
Callable
6/1/28
@
100
,
5.00
%,
6/1/39
1,140,487
1,000,000
West
Virginia
State
School
Building
Authority,
Lottery
Revenue,
School
Improvements
Revenue
Series
A,
Callable
7/1/28
@
100
,
5.00
%,
7/1/29
1,046,150
1,610,000
West
Virginia
University,
University
Projects,
University
&
College
Improvements
Revenue
Series
A,
Callable
10/1/31
@
100
,
5.00
%,
10/1/43
1,708,599
500,000
West
Virginia
University,
University
Projects,
University
&
College
Improvements
Revenue
Series
A,
Callable
10/1/31
@
100
,
5.00
%,
10/1/44
527,802
1,015,000
West
Virginia
Water
Development
Authority
,
5.00
%,
11/1/35
1,038,246
Sterling
Capital
West
Virginia
Intermediate
Tax-Free
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
West
Virginia
—
(continued)
$
1,000,000
West
Virginia
Water
Development
Authority,
Loan
Program
II,
Refunding
Revenue
Series
A-II,
Callable
11/1/23
@
100
,
5.00
%,
11/1/26
(a)
$
1,001,584
1,500,000
Wood
County,
WV,
Board
of
Education,
Callable
6/1/33
@
100
,
4.50
%,
6/1/34
1,600,852
1,000,000
Wood
County,
WV,
Board
of
Education,
Callable
6/1/33
@
100
,
4.50
%,
6/1/35
1,058,610
1,000,000
Wyoming
County,
WV,
Board
of
Education,
Callable
6/1/34
@
100
,
5.00
%,
6/1/35
1,125,151
1,000,000
Wyoming
County,
WV,
Board
of
Education,
Callable
6/1/34
@
100
,
5.00
%,
6/1/36
1,117,982
Total
(Cost $46,363,287)
46,766,332
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
0.55%
260,507
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
3.56%
(b)
260,507
Total
Money
Market
Funds
(Cost
$260,507)
260,507
Total
Investments—
99.42%
(Cost
$46,623,794)
47,026,839
Other
Assets
in
Excess
of
Liabilities
—
0.58%
272,510
NET
ASSETS
—
100.00%
$
47,299,349
(a)
All
or
a
portion
of
the
securities
are
held
in
a
separate
collateral
account
at
US
Bank.
The
total
value
of
securities
held
in
a
separate
collateral
account
as
of
the
period
ended
June
30,
2026
is
$1,011,439,
which
represents
2.14%
of
net
assets.
(b)
Represents
the
current
yield
as
of
report
date.
AGM
Assured
Guaranty
Municipal
Corp.
G.O.
General
Obligation
Sterling
Capital
Multi-Strategy
Income
ETF
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
PREFERRED
STOCKS
—
1.26%
Insurance
—
1.26%
$
43,000
AEGON
Funding
Company,
LLC
$
808,400
40,000
Aspen
Insurance
Holdings
Ltd.
931,200
33,000
Athene
Holding
Ltd.
797,940
2,537,540
Total
Preferred
Stocks
(Cost $2,621,632)
2,537,540
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
48.91%
Aerospace
&
Defense
—
1.67%
1,388,000
TransDigm,
Inc.,
6.00%,
1/15/33
(a)
1,401,674
915,000
ATI,
Inc.,
5.88%,
6/15/33
927,858
996,000
Bombardier,
Inc.,
6.75%,
6/15/33
(a)
1,031,855
3,361,387
Asset
Management
—
1.70%
1,384,000
Apollo
Debt
Solutions
BDC,
6.90%,
4/13/29
1,420,879
1,070,000
Ares
Capital
Corp.,
5.10%,
1/15/31
1,035,911
967,000
First
Eagle
Holdings,
Inc.,
7.25%,
8/15/32
(a)
973,504
3,430,294
Automotive
—
2.60%
1,980,000
American
Axle
&
Manufacturing,
Inc.,
5.00%,
10/01/29
1,922,046
1,374,000
Phinia,
Inc.,
6.63%,
10/15/32
(a)
1,403,505
1,856,000
Adient
Global
Holdings
Ltd.,
7.50%,
2/15/33
(a)
1,914,557
5,240,108
Banking
—
0.97%
1,924,000
Citigroup,
Inc.,
6.63%,
5/15/74
(H15T5Y
+300.10
bps)
(b)(c)
1,960,123
Biotech
&
Pharma
—
1.78%
912,000
Organon
&
Company
/
Organon
Foreign
Debt
Co-
Issuer,
5.13%,
4/30/31
(a)
902,255
1,835,000
Amneal
Pharmaceuticals,
LLC,
6.88%,
8/01/32
(a)
1,905,495
782,000
BioMarin
Pharmaceutical,
Inc.,
5.50%,
2/15/34
(a)
768,077
3,575,827
Cable
&
Satellite
—
0.65%
1,303,000
CCO
Holdings,
LLC
/
CCO
Holdings
Capital,
7.38%,
3/03/31
(a)
1,306,172
Commercial
Support
Services
—
0.44%
901,000
ADT
Security
Corporation
(The),
5.88%,
10/15/33
(a)
885,063
Communications
—
0.72%
1,378,000
WULF
Compute,
LLC,
7.75%,
10/15/30
(a)
1,447,371
Construction
Materials
—
0.69%
1,366,000
Quikrete
Holdings,
Inc.,
6.38%,
3/01/32
(a)
1,394,946
Electric
Utilities
—
1.64%
1,352,000
Vistra
Operations
Company,
LLC,
7.75%,
10/15/31
(a)
1,414,653
Sterling
Capital
Multi-Strategy
Income
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Electric
Utilities
—
(continued)
$
1,910,000
Alpha
Generation,
LLC,
6.25%,
1/15/34
(a)
$
1,879,243
3,293,896
Entertainment
Content
—
0.52%
1,011,000
OAK-Eagle
Acquireco,
Inc.,
7.25%,
7/01/33
(a)
1,055,750
Health
Care
Facilities
&
Services
—
1.84%
1,646,000
Prime
Healthcare
Services,
Inc.,
9.38%,
9/01/29
(a)
1,719,558
1,905,000
Star
Parent,
Inc.,
9.00%,
10/01/30
(a)
1,993,339
3,712,897
Home
&
Office
Products
—
0.71%
1,369,000
Newell
Brands,
Inc.,
8.50%,
6/01/28
(a)
1,430,322
Home
Construction
—
0.95%
1,846,000
New
Home
Company,
Inc.
(The),
9.25%,
10/01/29
(a)
1,909,301
Industrial
Support
Services
—
0.97%
1,882,000
Herc
Holdings,
Inc.,
7.25%,
6/15/33
(a)
1,962,177
Institutional
Financial
Services
—
0.49%
953,000
Jane
Street
Group
/
JSG
Finance,
Inc.,
6.75%,
5/01/33
(a)
978,844
Insurance
—
6.66%
1,340,000
Constellation
Insurance,
Inc.,
6.80%,
1/24/30
(a)
1,342,376
1,931,000
Panther
Escrow
Issuer,
LLC,
7.13%,
6/01/31
(a)
1,922,260
749,000
Enstar
Group
Ltd.,
6.69%,
7/15/37
(SOFRRATE
+254.00
bps)
(a)(c)
751,472
2,026,000
Global
Atlantic
Fin
Company,
7.95%,
10/15/54
(H15T5Y
+360.80
bps)
(a)(c)
2,040,652
1,938,000
American
National
Group,
Inc.,
7.00%,
12/01/55
(H15T5Y
+318.30
bps)
(c)
1,892,450
1,489,000
Reinsurance
Group
of
America,
Inc.,
6.38%,
9/15/56
(H15T5Y
+234.40
bps)
(c)
1,476,853
2,210,000
SBL
Holdings,
Inc.,
6.50%,
11/13/74
(H15T5Y
+562.00
bps)
(a)(b)(c)
2,005,575
1,891,000
Corebridge
Financial,
Inc.,
6.88%,
12/01/74
(H15T5Y
+318.10
bps)
(c)
1,967,807
13,399,445
Leisure
Facilities
&
Services
—
0.69%
1,388,000
NCL
Corporation
Ltd.,
6.25%,
3/01/30
(a)
1,384,486
Machinery
—
0.70%
1,385,000
Terex
Corporation,
6.25%,
10/15/32
(a)
1,403,754
Oil
&
Gas
Producers
—
6.13%
1,402,000
Wildfire
Intermediate
Holdings,
LLC,
7.50%,
10/15/29
(a)
1,437,672
978,000
PBF
Holding
Company,
LLC
/
PBF
Finance
Corporation,
9.88%,
3/15/30
(a)
1,045,665
1,396,000
Venture
Global
Plaquemines
LNG,
LLC,
6.13%,
12/15/30
(a)
1,428,521
Sterling
Capital
Multi-Strategy
Income
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Oil
&
Gas
Producers
—
(continued)
$
1,376,000
Ascent
Resources
Utica
Holdings,
LLC
/
ARU
Finance,
6.63%,
10/15/32
(a)
$
1,392,314
1,408,000
Antero
Midstream
Partners,
L.P.
/
Antero
Midstream,
5.75%,
10/15/33
(a)
1,394,615
1,976,000
Genesis
Energy,
L.P.
/
Genesis
Energy
Finance,
6.75%,
3/15/34
1,960,959
998,000
Energy
Transfer,
L.P.,
8.00%,
5/15/54
(H15T5Y
+402.00
bps)
(c)
1,058,961
1,170,000
Venture
Global
LNG,
Inc.,
9.00%,
3/30/74
(H15T5Y
+544.00
bps)
(a)(b)(c)
1,142,318
1,429,000
Sunoco,
L.P.,
7.88%,
9/18/75
(H15T5Y
+423.00
bps)
(a)
(c)
1,482,243
12,343,268
Oil
&
Gas
Services
&
Equipment
—
1.48%
1,974,000
Archrock
Services,
L.P.
/
Archrock
Partners,
6.00%,
2/01/34
(a)
1,961,855
1,000,000
Oceaneering
International,
Inc.,
6.88%,
7/15/34
(a)
1,015,262
2,977,117
Retail
-
Consumer
Staples
—
0.68%
1,385,000
Albertsons
Companies,
Inc.
/
Safeway,
Inc.
/
New,
6.25%,
3/15/33
(a)
1,372,885
Retail
-
Discretionary
—
1.41%
1,397,000
Macy's
Retail
Holdings,
LLC,
6.13%,
3/15/32
(a)
1,404,228
1,400,000
Bath
&
Body
Works,
Inc.,
6.88%,
11/01/35
1,432,708
2,836,936
Software
—
0.99%
975,000
Flash
Compute,
LLC,
7.25%,
12/31/30
(a)
1,003,297
984,000
CoreWeave,
Inc.,
9.75%,
10/01/31
(a)
983,077
1,986,374
Specialty
Finance
—
4.29%
1,919,000
OneMain
Finance
Corporation,
7.88%,
3/15/30
1,997,960
1,731,000
Starwood
Property
Trust,
Inc.,
6.50%,
10/15/30
(a)
1,770,228
1,889,000
Stonebriar
A.B.F
Issuer,
LLC,
8.13%,
12/15/30
(a)
1,975,008
1,974,000
PennyMac
Financial
Services,
Inc.,
5.75%,
9/15/31
(a)
1,872,590
998,000
Rocket
Companies,
Inc.,
6.50%,
6/15/34
(a)
1,023,263
8,639,049
Steel
—
1.63%
1,373,000
Cleveland-Cliffs,
Inc.,
7.38%,
5/01/33
(a)
1,372,300
1,916,000
Commercial
Metals
Company,
5.75%,
11/15/33
(a)
1,904,569
3,276,869
Technology
Services
—
1.62%
2,011,000
Iron
Mountain
Information
Management
Services,,
5.00%,
7/15/32
(a)
1,932,242
1,327,000
CACI
International,
Inc.,
6.38%,
6/15/33
(a)
1,345,874
3,278,116
Sterling
Capital
Multi-Strategy
Income
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
CORPORATE
BONDS
—
(continued)
Telecommunications
—
2.62%
$
389,000
Cipher
Compute,
LLC,
7.13%,
11/15/30
(a)
$
404,405
1,409,000
APLD
ComputeCo,
LLC,
9.25%,
12/15/30
(a)
1,520,568
389,000
Black
Pearl
Compute,
LLC,
6.13%,
2/15/31
(a)
393,991
947,000
Edged
Compute,
LLC,
7.50%,
4/30/31
(a)
922,877
1,012,000
PR
RNO
Property
Owner
1,
LLC,
6.50%,
5/01/31
(a)
1,011,189
987,000
SE
Cosmos,
LLC,
8.88%,
5/01/31
(a)
1,014,680
5,267,710
Transportation
&
Logistics
—
1.67%
1,964,967
American
Airlines,
Inc./AAdvantage
Loyalty
IP
Ltd.,
5.75%,
4/20/29
(a)
1,968,867
1,348,000
Stonepeak
Nile
Parent,
LLC,
7.25%,
3/15/32
(a)
1,395,893
3,364,760
Total
(Cost $98,957,886)
98,475,247
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
40.51%
107,434
BX
Trust
2021-BXMF,
Series
BXMF
,
Class
D,
5.57%,
10/15/26
(TSFR1M
+194.45
bps)
(a)(d)
107,400
749,000
PFS
Financing
Corporation,
Series
D
,
Class
B,
5.59%,
4/15/29
(a)
754,020
1,434,446
Morgan
Stanley
Capital
I,
Inc.,
Series
BPR2
,
Class
A,
7.29%,
5/05/29
(a)
1,490,563
331,179
Santander
Drive
Auto
Receivables
Trust
2023-5,
Series
5
,
Class
B,
6.16%,
12/17/29
333,297
1,000,000
PFS
Financing
Corporation,
Series
A
,
Class
B,
4.54%,
2/15/30
(SOFR30A
+95.00
bps)
(a)(d)
999,996
700,000
Hertz
Vehicle
Financing
III,
LLC,
Series
2A
,
Class
A,
5.48%,
1/27/31
(a)
709,305
225,000
Exeter
Automobile
Receivables
Trust
2024-5,
Series
5A
,
Class
D,
5.06%,
2/18/31
225,522
700,000
Bridgecrest
Lending
Auto
Securitization
Trust,
Series
2
,
Class
C,
5.17%,
3/17/31
702,954
680,000
Westlake
Automobile
Receivables
Trust
2026-1,
Series
1A
,
Class
C,
4.37%,
6/16/31
(a)
673,218
545,000
GLS
Auto
Select
Receivables
Trust
2025-3,
Series
3A
,
Class
B,
4.81%,
9/15/31
(a)
544,210
470,000
Santander
Drive
Auto
Receivables
Trust
2024-3,
Series
3
,
Class
D,
5.97%,
10/15/31
477,353
1,200,000
Hertz
Vehicle
Financing
III,
LLC,
Series
6A
,
Class
A,
4.89%,
5/25/32
(a)
1,188,638
1,269,000
American
Credit
Acceptance
Receivables
Trust,
Series
1
,
Class
C,
4.55%,
1/12/33
(a)
1,260,015
250,000
SoFi
Consumer
Loan
Program
2025-1
Trust,
Series
1
,
Class
B,
5.12%,
2/27/34
(a)
251,262
Sterling
Capital
Multi-Strategy
Income
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
1,059,704
BX
Commercial
Mortgage
Trust
2019-IMC,
Series
IMC
,
Class
A,
4.67%,
4/15/34
(TSFR1M
+104.63
bps)
(a)(d)
$
1,054,773
1,500,000
Recette
Clo
Ltd.,
Series
1A
,
Class
CR3,
5.48%,
4/20/34
(TSFR3M
+180.00
bps)
(a)(d)
1,500,750
1,500,000
GreatAmerica
Leasing
Receivables
Funding,
LLC,
Series
1
,
Class
C,
5.44%,
5/15/34
(a)
1,507,720
1,500,000
Pikes
Peak
CLO
6,
Series
6A
,
Class
CRR,
5.25%,
5/18/34
(TSFR3M
+160.00
bps)
(a)(d)
1,498,058
1,000,000
Madison
Park
Funding
XLV
Ltd.,
Series
45A
,
Class
BRR,
5.32%,
7/15/34
(TSFR3M
+165.00
bps)
(a)(d)
1,000,234
133,312
OneMain
Financial
Issuance
Trust
2021-1,
Series
1A
,
Class
A1,
1.55%,
6/16/36
(a)
130,802
1,500,000
Neuberger
Berman
Loan
Advisers
CLO
45
Ltd.,
Series
45A
,
Class
CR,
5.62%,
10/14/36
(TSFR3M
+195.00
bps)
(a)(d)
1,501,982
1,000,000
HONO
2021-LULU
Mortgage
Trust,
Series
LULU
,
Class
A,
4.89%,
10/15/36
(TSFR1M
+126.45
bps)
(a)(d)
990,000
700,000
Neuberger
Berman
Loan
Advisers
CLO
38
Ltd.,
Series
38A
,
Class
CR2,
5.56%,
10/20/36
(TSFR3M
+188.00
bps)
(a)(d)
700,311
100,000
SREIT
Trust
2021-MFP2,
Series
MFP2
,
Class
C,
5.11%,
11/15/36
(TSFR1M
+148.52
bps)
(a)(d)
99,969
2,000,000
Palmer
Square
CLO
2020-3
Ltd.,
Series
3A
,
Class
BR3,
5.60%,
11/15/36
(TSFR3M
+195.00
bps)
(a)(d)
2,001,679
250,000
Madison
Park
Funding
XXXVII
Ltd.,
Series
37A
,
Class
CR2,
6.27%,
4/15/37
(TSFR3M
+260.00
bps)
(a)(d)
249,760
990,000
Madison
Park
Funding
XLVII
Ltd.,
Series
47A
,
Class
CR,
6.08%,
4/19/37
(TSFR3M
+240.00
bps)
(a)(d)
989,065
1,750,000
Fortress
Credit
Bsl
XXI
Ltd.,
Series
1A
,
Class
AR,
5.04%,
4/24/37
(TSFR3M
+138.00
bps)
(a)(c)(d)
1,752,343
500,000
Regatta
XII
Funding
Ltd.,
Series
1A
,
Class
CRR,
5.72%,
10/15/37
(TSFR3M
+205.00
bps)
(a)(d)
499,823
769,000
CARLYLE
US
CLO
2018-4
LTD,
Series
4A
,
Class
A2R,
5.24%,
10/17/37
(TSFR3M
+156.00
bps)
(a)(d)
769,195
1,500,000
CIFC
Funding
2014-II-R
Ltd.,
Series
2RA
,
Class
BR,
5.42%,
10/24/37
(TSFR3M
+175.00
bps)
(a)(d)
1,503,428
2,100,000
LCM
40
Ltd.,
Series
40A
,
Class
A2R,
5.32%,
1/15/38
(TSFR3M
+165.00
bps)
(a)(c)(d)
2,101,755
1,500,000
Fortress
Credit
BSL
XXVI
Ltd.,
Series
4A
,
Class
B,
5.57%,
1/15/38
(TSFR3M
+190.00
bps)
(a)(d)
1,504,448
400,000
Oaktree
CLO
2019-3
Ltd.,
Series
3A
,
Class
BR2,
5.43%,
1/20/38
(TSFR3M
+175.00
bps)
(a)(c)(d)
401,200
1,000,000
Sculptor
CLO
XXVI
Ltd.,
Series
26A
,
Class
BR,
5.53%,
1/20/38
(TSFR3M
+185.00
bps)
(a)(d)
1,002,772
1,500,000
OCP
CLO
2025-40
Ltd.,
Series
40A
,
Class
C,
5.38%,
4/16/38
(TSFR3M
+170.00
bps)
(a)(d)
1,501,803
Sterling
Capital
Multi-Strategy
Income
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
1,750,000
Palmer
Square
CLO
2021-4
Ltd.,
Series
4A
,
Class
A2R,
5.27%,
7/15/38
(TSFR3M
+160.00
bps)
(a)(d)
$
1,753,262
1,510,000
Sandstone
Peak
II
Ltd.,
Series
1A
,
Class
BR,
5.43%,
7/20/38
(TSFR3M
+175.00
bps)
(a)(d)
1,513,671
250,000
Oaktree
CLO
2023-2
Ltd.,
Series
2A
,
Class
D1R,
6.73%,
7/20/38
(TSFR3M
+305.00
bps)
(a)(d)
251,631
1,100,000
Anchorage
Capital
CLO
6
Ltd.,
Series
6A
,
Class
DR4,
6.71%,
7/22/38
(TSFR3M
+305.00
bps)
(a)(d)
1,102,193
595,113
KIND
Trust
2021-KIND,
Series
KIND
,
Class
B,
5.09%,
8/15/38
(TSFR1M
+146.45
bps)
(a)(d)
592,812
260,000
BPR
Trust
2023-BRK2,
Series
BRK2
,
Class
A,
7.15%,
10/05/38
(a)(c)
265,523
250,000
Neuberger
Berman
Loan
Advisers
CLO
26
Ltd.,
Series
26A
,
Class
CR,
5.68%,
10/18/38
(TSFR3M
+200.00
bps)
(a)(d)
250,121
105,000
BX
Commercial
Mortgage
Trust
2022-AHP,
Series
AHP
,
Class
E,
6.67%,
1/17/39
(TSFR1M
+304.00
bps)
(a)(d)
104,601
578,404
Hilton
Grand
Vacations
Trust
2020-A,
Series
AA
,
Class
A,
2.74%,
2/25/39
(a)
571,907
975,000
CARLYLE
US
CLO
2021-1
LTD,
Series
1A
,
Class
BR,
5.67%,
1/15/40
(TSFR3M
+200.00
bps)
(a)(d)
975,497
1,618,710
Tricon
Residential
2024-SFR1
Trust,
Series
SFR1
,
Class
A,
4.65%,
4/17/41
(a)
1,599,761
263,863
BX
Trust
2024-VLT4,
Series
VLT4
,
Class
C,
5.77%,
6/15/41
(TSFR1M
+214.05
bps)
(a)(d)
264,027
787,503
Progress
Residential
2024-SFR3
Trust,
Series
SFR3
,
Class
A,
3.00%,
6/17/41
(a)
747,601
1,000,000
COMM
2025-SBX
Mortgage
Trust,
Series
SBX
,
Class
A,
5.43%,
8/10/41
(a)(c)
993,664
500,000
ROCK
Trust
2024-CNTR,
Series
CNTR
,
Class
D,
7.11%,
11/13/41
(a)
518,173
750,000
BAHA
Trust
2024-MAR,
Series
MAR
,
Class
B,
7.07%,
12/10/41
(a)(c)
772,417
2,000,000
SWCH
Commercial
Mortgage
Trust
2025-DATA,
Series
DATA
,
Class
A,
5.07%,
2/15/42
(TSFR1M
+144.29
bps)
(a)(d)
1,987,501
500,000
VRTX
Trust
2025-HQ,
Series
HQ
,
Class
D,
6.82%,
8/05/42
(a)(c)
493,864
87,211
Sierra
Timeshare
2024-1
Receivables
Funding,
LLC,
Series
1A
,
Class
A,
5.15%,
1/20/43
(a)
87,597
223,747
Hilton
Grand
Vacations
Trust
2026-1,
Series
1A
,
Class
A,
4.67%,
2/25/43
(a)
223,120
1,044,481
MVW
2026-1,
LLC,
Series
1A
,
Class
A,
4.67%,
3/20/43
(a)
1,037,158
1,000,000
CONE
Commercial
Mortgage
Trust
2026-DFW3,
Series
DFW3
,
Class
E,
8.10%,
5/15/43
(a)(c)
1,007,456
Sterling
Capital
Multi-Strategy
Income
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
750,000
VDCM
Commercial
Mortgage
Trust
2025-AZ,
Series
AZ
,
Class
C,
6.03%,
7/13/44
(a)(c)
$
741,525
990,522
Hilton
Grand
Vacations
Trust
2025-3EXT,
Series
3EXT
,
Class
A,
4.56%,
10/25/44
(a)
982,777
1,000,000
BX
Commercial
Mortgage
Trust
2026-VLT9,
Series
VLT9
,
Class
A,
5.33%,
3/15/45
(TSFR1M
+170.00
bps)
(a)(d)
999,375
1,000,000
BX
Commercial
Mortgage
Trust
2024-VLT5,
Series
VLT5
,
Class
C,
6.40%,
11/13/46
(a)(c)(d)
992,629
435,000
Stack
Infrastructure
Issuer,
LLC,
Series
2A
,
Class
A2,
5.90%,
7/25/48
(a)
435,181
1,975,000
Retained
Vantage
Data
Centers
Issuer,
LLC,
Series
1A
,
Class
A2,
4.99%,
9/15/49
(a)
1,936,291
2,000,000
CD
2017-CD3
Mortgage
Trust,
Series
CD3
,
Class
A4,
3.63%,
2/10/50
1,969,552
500,000
JPMCC
Commercial
Mortgage
Securities
Trust,
Series
JP5
,
Class
AS,
3.88%,
3/15/50
(c)
486,805
1,850,000
Stack
Infrastructure
Issuer,
LLC,
Series
1A
,
Class
A2,
5.00%,
5/25/50
(a)
1,798,764
1,000,000
Benchmark
2018-B1
Mortgage
Trust,
Series
B1
,
Class
AM,
3.88%,
1/15/51
969,295
1,000,000
Benchmark
2018-B2
Mortgage
Trust,
Series
B2
,
Class
AS,
4.08%,
2/15/51
942,781
1,600,000
UBS
Commercial
Mortgage
Trust
2018-C8,
Series
C8
,
Class
AS,
4.22%,
2/15/51
(c)
1,549,721
582,227
SMB
Private
Education
Loan
Trust
2021-B,
Series
B
,
Class
A,
1.31%,
7/17/51
(a)
550,528
122,000
CSAIL
2018-CX12
Commercial
Mortgage
Trust,
Series
CX12
,
Class
AS,
4.46%,
8/15/51
(c)
119,756
347,332
SMB
Private
Education
Loan
Trust
2024-C,
Series
C
,
Class
A1A,
5.50%,
6/17/52
(a)
350,446
1,395,000
Hotwire
Funding,
LLC,
Series
1A
,
Class
A2,
5.69%,
5/20/53
(a)
1,400,197
500,000
Benchmark
2023-V2
Mortgage
Trust,
Series
V2
,
Class
AS,
6.54%,
5/15/55
510,386
2,135,000
Vantage
Data
Centers,
LLC,
Series
1A
,
Class
A2,
5.13%,
8/15/55
(a)
2,096,921
500,000
BANK
2022-BNK43,
Series
BNK43
,
Class
B,
5.33%,
8/15/55
(c)
475,218
1,500,000
QTS
Issuer
A.B.S
II,
LLC,
Series
1A
,
Class
B,
6.73%,
1/05/56
(a)
1,502,430
1,753,550
SMB
Private
Education
Loan
Trust
2024-A,
Series
A
,
Class
A1A,
5.24%,
3/15/56
(a)
1,762,009
1,250,000
BMO
2023-5C1
Mortgage
Trust,
Series
5C1
,
Class
A3,
6.53%,
8/15/56
1,283,145
2,098,365
Nelnet
Student
Loan
Trust
2025-A,
Series
AA
,
Class
A1B,
4.69%,
3/15/57
(SOFR30A
+110.00
bps)
(a)(d)
2,088,518
Sterling
Capital
Multi-Strategy
Income
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
ASSET
BACKED
SECURITIES
—
(continued)
$
140,000
Benchmark
2024-V6
Mortgage
Trust,
Series
V6
,
Class
AS,
6.38%,
3/15/57
$
143,742
224,000
BANK5
Trust
2024-5YR6,
Series
5YR6
,
Class
AS,
6.79%,
5/15/57
232,318
500,000
BANK5
2024-5YR9,
Series
5YR9
,
Class
AS,
6.18%,
8/15/57
512,073
1,000,000
BX
Commercial
Mortgage
Trust
2026-Vlt10,
Series
VLT10
,
Class
E,
7.57%,
6/13/58
(a)(c)(d)
972,202
1,700,000
Wells
Fargo
Commercial
Mortgage
Trust
2025-5C7,
Series
5C7
,
Class
A3,
5.20%,
12/15/58
(a)
1,714,559
975,000
BANK
2017-BNK7,
Series
BNK7
,
Class
AS,
3.75%,
9/15/60
946,307
Total
(Cost $82,011,575)
81,558,631
Principal
Amount
Fair
Value
U.S.
GOVERNMENT
&
AGENCIES
—
5.81%
1,996,712
Fannie
Mae
Pool,
5.00
%
,
3/01/45
1,970,547
233,814
Fannie
Mae
Pool,
5.00
%
,
12/01/45
232,378
1,944,638
Fannie
Mae
Pool,
5.50
%
,
12/01/45
1,969,154
208,880
Fannie
Mae
Pool,
5.50
%
,
8/01/53
210,137
2,401,924
Fannie
Mae
Pool,
5.50
%
,
6/01/54
2,426,053
229,531
Fannie
Mae
Pool,
5.50
%
,
1/01/55
232,138
220,706
Freddie
Mac
Pool,
6.00
%
,
2/01/55
230,003
2,605,580
Freddie
Mac
Pool,
6.00
%
,
4/01/55
2,669,060
1,745,900
Fannie
Mae
Pool,
5.50
%
,
11/01/55
1,763,918
Total
(Cost $11,854,115)
11,703,388
Principal
Amount
Fair
Value
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
1.49%
2,354,056
Government
National
Mortgage
Association,
Series
134,
Class
VE,
5.00%,
8/20/36
2,355,376
650,000
Wells
Fargo
Commercial
Mortgage
Trust
2017-C40,
Series
C40,
Class
AS,
3.85%,
10/15/50
635,103
Total
(Cost $3,029,877)
2,990,479
Number
of
Contracts
Fair
Value
OPTIONS
—
0.2
0%
Call
—
0.00%
3740.000000
iShares
iBoxx
USD
High
Yield
Corporate
Bond
ETF,
9/18/2026
at
$82.00
3,740
Total
Call
Options
Purchased
(Cost
$25,669)
3,740
Put
—
0.20%
3740.000000
iShares
iBoxx
USD
High
Yield
Corporate
Bond
ETF,
9/18/2026
at
$80.00
374,000
Total
Put
Options
Purchased
Sterling
Capital
Multi-Strategy
Income
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Number
of
Contracts
Fair
Value
OPTIONS
—
(continued)
(Cost
$506,700)
$
374,000
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
1.46%
$
2,932,172
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
,
3.56%
(e)
2,932,172
Total
Money
Market
Funds
(Cost
$2,932,172)
2,932,172
Total
Investments—
99.64%
(Cost
$201,939,626)
200,575,197
Other
Assets
in
Excess
of
Liabilities
—
0.36%
744,169
NET
ASSETS
—
100.00%
$
201,319,366
(a)
Security
exempt
from
registration
under
Rule
144A
or
Section
4(2)
of
the
Securities
Act
of
1933.
The
security
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
The
Advisor,
using
Board
approved
procedures,
has
deemed
these
securities
or
a
portion
of
these
securities
to
be
liquid.
(b)
Security
is
perpetual
in
nature
and
has
no
stated
maturity
date.
(c)
The
interest
rate
for
this
variable
rate
note,
which
will
change
periodically,
is
based
either
on
the
prime
rate
or
an
index
of
market
rates.
The
reflected
rate
is
in
effect
as
of
June
30,
2026.
The
maturity
date
reflected
is
the
final
maturity
date.
(d)
Security
is
a
fix-to-float
security,
which
carries
a
fixed
coupon
until
a
certain
date,
upon
which
it
switches
to
a
floating
rate.
Rate
shown
is
the
fixed
rate.
(e)
Represents
the
current
yield
as
of
report
date.
LLC
Limited
Liability
Corporation
LP
Limited
Partnership
Sterling
Capital
Multi-Strategy
ETF
Schedule
of
Open
Written
Options
Contracts
June
30,
2026
-
(Unaudited)
SCHEDULE
OF
WRITTEN
OPTIONS
Description
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Fair
Value
WRITTEN
OPTIONS
(0.11)%
WRITTEN
CALL
OPTIONS
(0.02)%
iShares
iBoxx
USD
High
Yield
Corporate
Bond
ETF
(3,740)
$
(29,908,780)
$
81.00
September
2026
$
(22,440)
US
10YR
FUT
OPTN Aug26C
111
(90)
(43,974)
111.00
July
2026
(11,250)
Total
Written
Call
Options
(Premiums
Received
$76,691)
(33,690)
WRITTEN
PUT
OPTIONS
(0.09)%
iShares
iBoxx
USD
High
Yield
Corporate
Bond
ETF
(3,740)
(29,908,780)
78.00
September
2026
(172,040)
Total
Written
Put
Options
(Premiums
Received
$240,314)
(172,040)
Total
Written
Options
(Premiums
Received
$317,005)
$
(205,730)
Sterling
Capital
National
Municipal
Bond
ETF
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
94.74%
Alabama
—
6.07%
$
2,000,000
Black
Belt
Energy
Gas
District
,
5.25
%,
5/1/55
$
2,069,581
2,000,000
Black
Belt
Energy
Gas
District
,
5.00
%,
7/1/33
2,094,610
2,100,000
County
of
Jefferson
AL
Sewer
Revenue
,
5.50
%,
10/1/53
2,210,337
3,750,000
Energy
Southeast
A
Cooperative
District
Series
B
,
5.25
%,
7/1/54
4,037,771
2,500,000
Southeast
Energy
Authority
A
Cooperative
District
,
5.00
%,
1/1/56
2,551,038
1,000,000
Southeast
Energy
Authority
A
Cooperative
District
Series
2025-E
,
5.00
%,
10/1/30
1,068,128
Arizona
—
1.53%
3,500,000
Chandler
Industrial
Development
Authority
,
5.00
%,
9/1/52
3,541,547
California
—
9.99%
3,500,000
California
Community
Choice
Financing
Authority
,
5.00
%,
2/1/55
3,716,681
4,265,000
California
Community
Choice
Financing
Authority
,
5.00
%,
1/1/56
4,603,084
1,515,000
Central
Valley
Energy
Authority
,
5.00
%,
12/1/55
1,622,350
1,905,000
City
of
Los
Angeles
Department
of
Airports
,
5.00
%,
5/15/48
2,044,597
1,500,000
County
of
Santa
Barbara
CA
,
5.00
%,
12/1/30
1,566,768
1,700,000
Los
Angeles
Department
of
Water
&
Power
,
5.00
%,
7/1/49
1,729,697
2,070,000
Los
Angeles
Department
of
Water
&
Power
,
5.00
%,
7/1/40
2,237,840
1,490,000
San
Francisco
City
&
County
Airport
Comm-San
,
5.00
%,
5/1/32
1,643,578
3,755,000
Southern
California
Public
Power
Authority
,
5.00
%,
4/1/55
3,941,460
Colorado
—
1.90%
2,000,000
City
&
County
of
Denver
CO
Airport
System
Revenue
,
5.25
%,
11/15/53
2,112,654
2,150,000
Colorado
Health
Facilities
Authority
,
5.00
%,
11/1/41
2,279,582
District
of
Columbia
—
1.56%
3,500,000
Metropolitan
Washington
Airports
Authority
,
5.00
%,
10/1/50
3,600,414
Florida
—
7.50%
1,825,000
County
of
Miami-Dade
FL
Aviation
Revenue
,
5.25
%,
10/1/55
1,920,327
3,300,000
County
of
Miami-Dade
FL
Water
&
Sewer
System
,
5.00
%,
10/1/55
3,444,731
3,300,000
Greater
Orlando
Aviation
Authority
,
5.25
%,
10/1/51
3,458,807
1,180,000
Hillsborough
County
Aviation
Authority
,
5.50
%,
10/1/54
1,259,415
Sterling
Capital
National
Municipal
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
Florida
—
(continued)
$
2,500,000
JEA
Water
&
Sewer
System
Revenue
,
4.00
%,
10/1/39
$
2,467,006
1,810,000
JEA
Water
&
Sewer
System
Revenue
,
4.00
%,
10/1/39
1,821,838
2,800,000
School
District
of
Broward
County/FL
,
5.00
%,
7/1/32
3,008,580
Georgia
—
6.13%
2,630,000
City
of
Atlanta
GA
Department
of
Aviation
,
5.25
%,
7/1/54
2,750,008
3,810,000
Georgia
Housing
&
Finance
Authority
,
4.70
%,
12/1/55
3,812,674
2,545,000
Main
Street
Energy,
Inc.
,
5.00
%,
10/1/33
2,709,949
4,600,000
Main
Street
Natural
Gas,
Inc.
,
5.00
%,
5/1/55
4,906,211
Illinois
—
6.57%
1,655,000
Chicago
O'Hare
International
Airport
,
5.50
%,
1/1/59
1,728,698
1,500,000
Chicago
Park
District
,
5.00
%,
1/1/40
1,643,045
3,000,000
City
of
Chicago
IL
,
5.00
%,
1/1/44
3,118,581
1,925,000
Sales
Tax
Securitization
Corporation
,
5.00
%,
1/1/33
2,034,884
3,000,000
State
of
Illinois
,
5.00
%,
2/1/36
3,309,142
3,000,000
State
of
Illinois
Sales
Tax
Revenue
,
5.00
%,
6/15/34
3,348,847
Indiana
—
2.37%
3,000,000
City
of
Whiting
IN
,
4.20
%,
6/1/44
3,105,146
2,300,000
Indiana
Finance
Authority
,
5.00
%,
10/1/53
2,373,742
Iowa
—
0.46%
1,000,000
PEFA,
Inc.
,
5.00
%,
4/1/33
1,065,508
Kentucky
—
1.48%
3,465,000
Shelby
County
School
District
Finance
Corporation
,
4.00
%,
8/1/38
3,425,866
Maryland
—
1.47%
3,200,000
Maryland
Health
&
Higher
Educational
Facilities
,
5.25
%,
5/15/55
3,410,340
Massachusetts
—
5.25%
2,000,000
Commonwealth
of
Massachusetts
,
5.00
%,
8/1/50
2,119,182
3,500,000
Massachusetts
Development
Finance
Agency
,
5.00
%,
7/1/36
3,502,384
3,500,000
Massachusetts
Development
Finance
Agency
,
5.00
%,
7/1/43
3,564,666
2,830,000
Massachusetts
Port
Authority
,
5.00
%,
7/1/34
2,967,273
Michigan
—
1.48%
3,330,000
University
of
Michigan
,
5.00
%,
4/1/48
3,416,029
New
Jersey
—
2.63%
2,430,000
New
Jersey
Economic
Development
Authority
,
5.00
%,
6/15/48
2,487,675
1,650,000
New
Jersey
Higher
Education
Student
Assistance
,
5.00
%,
12/1/36
1,811,617
Sterling
Capital
National
Municipal
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
New
Jersey
—
(continued)
$
1,785,000
New
Jersey
Housing
&
Mortgage
Finance
Agency
,
4.70
%,
10/1/50
$
1,792,493
New
Mexico
—
2.18%
4,750,000
New
Mexico
Municipal
Energy
Acquisition
Authority
,
5.00
%,
6/1/54
5,051,107
New
York
—
9.88%
2,935,000
City
of
New
York
NY
,
5.00
%,
9/1/44
3,169,443
2,135,000
Metropolitan
Transportation
Authority
,
5.00
%,
11/15/50
2,168,154
2,000,000
Metropolitan
Transportation
Authority
Dedicated
,
5.00
%,
11/15/56
2,004,054
1,795,000
New
York
City
Housing
Development
Corporation
,
4.80
%,
11/1/55
1,796,901
3,145,000
New
York
State
Dormitory
Authority
,
5.00
%,
3/15/53
3,291,689
3,500,000
New
York
Transportation
Development
Corporation
,
5.00
%,
10/1/35
3,658,202
1,500,000
New
York
Transportation
Development
Corporation
,
4.00
%,
12/1/38
1,464,232
2,235,000
Port
Authority
of
New
York
&
New
Jersey
,
5.00
%,
7/15/53
2,342,823
2,965,000
State
of
New
York
Mortgage
Agency
Homeowner
,
4.65
%,
10/1/50
2,964,522
North
Carolina
—
1.58%
1,000,000
Nash
Health
Care
Systems
,
5.25
%,
2/1/55
1,033,633
2,540,000
North
Carolina
Turnpike
Authority
,
5.00
%,
1/1/58
2,602,501
Ohio
—
1.45%
3,000,000
State
of
Ohio
,
5.00
%,
11/1/39
3,379,532
Oregon
—
0.68%
1,490,000
City
of
Portland
OR
Sewer
System
Revenue
,
5.00
%,
10/1/54
1,562,442
Pennsylvania
—
1.86%
2,000,000
City
of
Philadelphia
PA
Water
&
Wastewater
Revenue
Series
2021
C
,
5.00
%,
10/1/46
2,090,808
1,000,000
Pennsylvania
Turnpike
Commission
,
5.50
%,
12/1/46
1,005,960
1,120,000
School
District
of
Philadelphia
(The)
,
5.00
%,
9/1/31
1,230,612
South
Carolina
—
1.60%
3,500,000
South
Carolina
Jobs-Economic
Development
Authority
,
5.25
%,
11/1/54
3,683,346
Texas
—
13.77%
2,360,000
Central
Texas
Turnpike
System
,
5.00
%,
8/15/34
2,665,406
1,000,000
City
of
Austin
TX
Airport
System
Revenue
,
5.00
%,
11/15/32
1,101,661
2,410,000
City
of
Houston
TX
Airport
System
Revenue
,
5.50
%,
7/1/55
2,565,734
Sterling
Capital
National
Municipal
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Principal
Amount
Fair
Value
MUNICIPAL
BONDS
—
(continued)
Texas
—
(continued)
$
3,200,000
City
of
Houston
TX
Airport
System
Revenue
,
5.25
%,
7/15/30
$
3,369,857
2,165,000
City
of
Houston
TX
Hotel
Occupancy
Tax
&
Special
,
5.00
%,
9/1/37
2,425,399
2,100,000
Dallas
Fort
Worth
International
Airport
,
5.00
%,
11/1/34
2,339,906
1,270,000
Love
Field
Airport
Modernization
Corporation
,
5.00
%,
11/1/29
1,344,626
2,000,000
Lower
Colorado
River
Authority
,
5.00
%,
5/15/44
2,018,537
2,620,000
Spring
Independent
School
District
,
5.25
%,
8/15/55
2,788,859
2,000,000
State
of
Texas
,
4.00
%,
8/1/33
2,048,408
2,000,000
State
of
Texas
,
5.00
%,
8/1/33
2,216,012
2,120,000
Texas
Department
of
Housing
&
Community
Affairs
,
3.65
%,
1/1/37
2,118,103
2,000,000
Texas
Municipal
Gas
Acquisition
&
Supply
Series
A
,
5.50
%,
1/1/54
2,118,667
2,500,000
Texas
Municipal
Gas
Acquisition
&
Supply
,
5.00
%,
1/1/55
2,666,342
Utah
—
0.87%
2,000,000
City
of
Salt
Lake
City
UT
Airport
Revenue
,
5.00
%,
7/1/47
2,008,639
Virginia
—
2.31%
1,000,000
City
of
Richmond
VA
Public
Utility
Revenue
,
5.00
%,
1/15/48
1,070,230
1,990,000
Henrico
County
Economic
Development
Authority
,
5.00
%,
11/1/48
2,077,990
2,000,000
Lynchburg
Economic
Development
Authority
,
5.00
%,
1/1/39
2,204,036
Washington
—
1.02%
2,250,000
Port
of
Seattle
WA
,
5.25
%,
7/1/49
2,358,870
West
Virginia
—
1.15%
1,000,000
City
of
Wheeling
WV
Waterworks
&
Sewerage
System
,
5.25
%,
6/1/50
1,058,821
1,500,000
West
Virginia
Hospital
Finance
Authority
,
5.50
%,
6/1/50
1,602,038
Total
(Cost $219,372,810)
219,124,483
Sterling
Capital
National
Municipal
Bond
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
4.98%
$
11,520,035
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
,
3.56%
(a)
$
11,520,035
Total
Money
Market
Funds
(Cost
$11,520,035)
11,520,035
Total
Investments—
99.72%
(Cost
$230,892,845)
230,644,518
Other
Assets
in
Excess
of
Liabilities
—
0.28%
651,632
NET
ASSETS
—
100.00%
$
231,296,150
(a)
Represents
the
current
yield
as
of
report
date.
Sterling
Capital
Hedged
Equity
Premium
Income
ETF
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
98.36%
Banking
—
3.50%
$
25,123
JPMorgan
Chase
&
Co.
$
8,223,512
Biotech
&
Pharma
—
2.68%
14,934
AbbVie,
Inc.
3,757,992
7,015
Amgen,
Inc.
2,540,272
6,298,264
Chemicals
—
3.08%
14,765
Air
Products
&
Chemicals,
Inc.
4,328,803
8,488
Sherwin-Williams
Co.
(The)
2,922,588
7,251,391
Commercial
Support
Services
—
2.02%
11,070
Republic
Services,
Inc.
2,358,796
10,712
Waste
Management,
Inc.
2,387,490
4,746,286
Diversified
Industrials
—
2.77%
11,826
Emerson
Electric
Co.
1,692,892
17,713
Illinois
Tool
Works,
Inc.
4,790,834
6,483,726
E-Commerce
Discretionary
—
4.61%
45,436
Amazon.com,
Inc.
(a)
10,829,216
Electric
Utilities
—
2.35%
13,670
Vistra
Corp.
2,168,472
28,807
WEC
Energy
Group,
Inc.
3,363,793
5,532,265
Electrical
Equipment
—
2.51%
7,080
AMETEK,
Inc.
1,712,935
12,553
Vertiv
Holdings
Co.,
Class
A
4,202,996
5,915,931
Electronic
Equipment,
Instruments
&
Components
—
1.90%
25,405
Amphenol
Corp.,
Class
A
4,479,410
Hotels,
Restaurants
&
Leisure
—
1.95%
12,561
Darden
Restaurants,
Inc.
2,587,692
7,375
McDonald's
Corp.
1,993,536
4,581,228
Household
Products
—
1.01%
16,255
Procter
&
Gamble
Co.
(The)
2,383,633
Industrial
Support
Services
—
0.82%
1,422
W.W.
Grainger,
Inc.
1,934,489
Insurance
—
4.69%
33,706
Aflac,
Inc.
3,952,029
10,630
Chubb
Ltd.
3,622,066
26,231
Hartford
Insurance
Group,
Inc.
(The)
3,476,132
11,050,227
Internet
Media
&
Services
—
10.21%
38,708
Alphabet,
Inc.,
Class
A
13,833,078
Sterling
Capital
Hedged
Equity
Premium
Income
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Internet
Media
&
Services
—
(continued)
$
15,092
Booking
Holdings,
Inc.
$
2,689,998
9,167
Meta
Platforms,
Inc.,
Class
A
5,163,679
32,875
Netflix,
Inc.
(a)
2,347,275
24,034,030
Machinery
—
2.59%
6,222
Parker-Hannifin
Corp.
6,085,863
Medical
Equipment
&
Devices
—
0.68%
4,051
Intuitive
Surgical,
Inc.
(a)
1,611,002
Oil
&
Gas
Producers
—
2.11%
66,890
Williams
Companies,
Inc.
(The)
4,972,603
Pharmaceuticals
—
2.74%
2,406
Eli
Lilly
&
Co.
2,885,829
14,037
Johnson
&
Johnson
3,564,976
6,450,805
Retail
-
Consumer
Staples
—
3.40%
5,941
Costco
Wholesale
Corp.
5,557,627
21,414
Walmart,
Inc.
2,425,350
7,982,977
Retail
-
Discretionary
—
0.95%
14,766
TJX
Companies,
Inc.
(The)
2,237,049
Semiconductors
—
22.07%
8,732
Advanced
Micro
Devices,
Inc.
(a)
5,072,506
10,915
Analog
Devices,
Inc.
4,335,111
34,348
Broadcom,
Inc.
12,974,957
14,109
Lam
Research
Corp.
6,113,853
6,336
MKS,
Inc.
2,818,253
3,168
Monolithic
Power
Systems,
Inc.
4,379,316
65,934
Nvidia
Corp.
13,192,735
6,259
Teradyne,
Inc.
3,028,355
51,915,086
Software
—
6.87%
6,641
Cadence
Design
Systems,
Inc.
(a)
2,492,500
21,646
Microsoft
Corp.
8,074,390
15,362
Palantir
Technologies,
Inc.,
Class
A
(a)
1,792,285
6,708
Palo
Alto
Networks,
Inc.
(a)
2,287,562
15,149
ServiceNow,
Inc.
(a)
1,503,993
16,150,730
Specialized
REITs
—
2.01%
4,547
Equinix,
Inc.
4,739,747
Specialty
Retail
—
1.49%
9,959
Home
Depot,
Inc.
(The)
3,512,340
Technology
Hardware
—
5.61%
45,639
Apple,
Inc.
13,206,101
Sterling
Capital
Hedged
Equity
Premium
Income
ETF
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Technology
Services
—
1.03%
$
16,455
Oracle
Corp.
$
2,411,480
Transaction
Processing
Services
—
2.71%
3,494
MasterCard,
Inc.,
Class
A
1,794,518
13,322
Visa,
Inc.,
Class
A
4,570,645
6,365,163
Total
Common
Stocks
(Cost $216,747,688)
231,384,554
Number
of
Contracts
Fair
Value
PURCHASED
OPTION
CONTRACTS
—
1.45%
Put
—
1.45%
774.000000
SPDR
S&P
500
ETF
Trust,
9/18/2026
at
$620.00
179,568
774.000000
SPDR
S&P
500
ETF
Trust,
12/18/2026
at
$620.00
534,834
774.000000
SPDR
S&P
500
ETF
Trust,
3/19/2027
at
$615.00
825,858
774.000000
SPDR
S&P
500
ETF
Trust,
6/17/2027
at
$680.00
1,905,589
Total
Put
Options
Purchased
(Cost
$6,593,803)
3,445,849
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
1.13%
2,663,460
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
,
3.56%
(b)
2,663,460
Total
Money
Market
Funds
(Cost
$2,663,460)
2,663,460
Total
Investments—
100.94%
(Cost
$226,004,951)
237,493,863
Liabilities
in
Excess
of
Other
Assets
—
(0.94)%
(2,240,975)
NET
ASSETS
—
100.00%
$
235,252,888
(a)
Non-income
producing
security.
(b)
Represents
the
current
yield
as
of
report
date.
LP
Limited
Partnership
Sterling
Capital
Hedged
Equity
Premium
Income
ETF
Schedule
of
Open
Written
Options
Contracts
June
30,
2026
-
(Unaudited)
SCHEDULE
OF
WRITTEN
OPTIONS
Description
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Fair
Value
WRITTEN
OPTIONS
(0.96)%
WRITTEN
CALL
OPTIONS
(0.47)%
AbbVie,
Inc.
(119)
$
(2,994,516)
$
240.00
July
2026
$
(147,798)
Advanced
Micro
Devices,
Inc.
(69)
(4,008,279)
700.00
July
2026
(41,745)
Aflac,
Inc.
(268)
(3,142,300)
123.00
July
2026
(8,040)
Air
Products
&
Chemicals,
Inc.
(117)
(3,430,206)
310.00
July
2026
(14,040)
Alphabet,
Inc.
(308)
(11,006,996)
425.00
July
2026
(924)
Amazon.com,
Inc.
(362)
(8,627,908)
290.00
July
2026
(1,086)
AMETEK,
Inc.
(56)
(1,354,864)
260.00
July
2026
(5,600)
Amgen,
Inc.
(56)
(2,027,872)
375.00
July
2026
(9,240)
Amphenol
Corp.
(201)
(3,544,032)
185.00
July
2026
(96,279)
Analog
Devices,
Inc.
(87)
(3,455,379)
510.00
July
2026
(9,353)
Apple,
Inc.
(363)
(10,503,768)
340.00
July
2026
(363)
Booking
Holdings,
Inc.
(120)
(2,138,880)
200.00
July
2026
(4,920)
Broadcom,
Inc.
(274)
(10,350,350)
520.00
July
2026
(1,918)
Cadence
Design
Systems,
Inc.
(53)
(1,989,196)
490.00
July
2026
(5,698)
Chubb
Ltd.
(84)
(2,862,216)
350.00
July
2026
(30,240)
Costco
Wholesale
Corp.
(47)
(4,396,709)
1,100.00
July
2026
(1,175)
Darden
Restaurants,
Inc.
(99)
(2,039,499)
240.00
July
2026
(1,782)
Eli
Lilly
&
Co.
(19)
(2,278,917)
1,300.00
July
2026
(9,120)
Emerson
Electric
Co.
(93)
(1,331,295)
160.00
July
2026
(10,463)
Equinix,
Inc.
(36)
(3,752,604)
1,210.00
July
2026
(8,640)
Hartford
Insurance
Group,
Inc.
(The)
(207)
(2,743,164)
140.00
July
2026
(7,763)
Home
Depot,
Inc.
(The)
(79)
(2,786,172)
345.00
July
2026
(85,083)
Illinois
Tool
Works,
Inc.
(140)
(3,786,580)
280.00
July
2026
(27,650)
Intuitive
Surgical,
Inc.
(32)
(1,272,576)
485.00
July
2026
(7,136)
Johnson
&
Johnson
(111)
(2,819,067)
250.00
July
2026
(79,920)
JPMorgan
Chase
&
Co.
(199)
(6,513,867)
340.00
July
2026
(14,328)
Lam
Research
Corp.
(113)
(4,896,629)
440.00
July
2026
(254,250)
MasterCard,
Inc.
(27)
(1,386,720)
540.00
July
2026
(2,700)
McDonald's
Corp.
(58)
(1,567,798)
305.00
July
2026
(1,479)
Meta
Platforms,
Inc.
(72)
(4,055,688)
750.00
July
2026
(432)
Microsoft
Corp.
(171)
(6,378,642)
500.00
July
2026
(1,026)
MKS,
Inc.
(50)
(2,224,000)
460.00
July
2026
(112,500)
Monolithic
Power
Systems,
Inc.
(25)
(3,455,900)
2,060.00
July
2026
(6,000)
Netflix,
Inc.
(260)
(1,856,400)
97.00
July
2026
(520)
Nvidia
Corp.
(525)
(10,504,725)
260.00
July
2026
(1,050)
Oracle
Corp.
(130)
(1,905,150)
340.00
July
2026
(325)
Palantir
Technologies,
Inc.
(96)
(1,120,032)
185.00
July
2026
(192)
Palo
Alto
Networks,
Inc.
(43)
(1,466,386)
340.00
July
2026
(53,750)
Parker-Hannifin
Corp.
(49)
(4,792,788)
1,040.00
July
2026
(19,110)
Procter
&
Gamble
Co.
(The)
(128)
(1,876,992)
155.00
July
2026
(2,560)
Republic
Services,
Inc.
(87)
(1,853,796)
230.00
July
2026
(3,828)
ServiceNow,
Inc.
(120)
(1,191,360)
170.00
July
2026
(3,000)
Sherwin-Williams
Co.
(The)
(67)
(2,306,944)
350.00
July
2026
(35,510)
Teradyne,
Inc.
(50)
(2,419,200)
600.00
July
2026
(29,000)
TJX
Companies,
Inc.
(The)
(117)
(1,772,550)
175.00
July
2026
(4,388)
Vertiv
Holdings
Co.
(99)
(3,314,718)
435.00
July
2026
(4,752)
Visa,
Inc.
(105)
(3,602,445)
355.00
July
2026
(10,500)
Vistra
Corp.
(108)
(1,713,204)
190.00
July
2026
(2,160)
W.W.
Grainger,
Inc.
(11)
(1,496,440)
1,420.00
July
2026
(10,230)
Walmart,
Inc.
(170)
(1,925,420)
133.00
July
2026
(510)
Waste
Management,
Inc.
(85)
(1,894,480)
230.00
July
2026
(12,495)
WEC
Energy
Group,
Inc.
(227)
(2,650,679)
125.00
July
2026
(8,513)
Williams
Companies,
Inc.
(The)
(530)
(3,940,020)
80.00
July
2026
(6,360)
Total
Written
Call
Options
(Premiums
Received
$889,696)
(1,217,444)
WRITTEN
PUT
OPTIONS
(0.49)%
SPDR
S&P
500
ETF
Trust
(774)
(57,799,998)
480.00
September
2026
(44,118)
SPDR
S&P
500
ETF
Trust
(774)
(57,799,998)
480.00
December
2026
(153,252)
State
Street
SPDR
S&P
500
ETF
Trust
(774)
(57,799,998)
480.00
March
2027
(277,091)
State
Street
SPDR
S&P
500
ETF
Trust
(774)
(57,799,998)
530.00
June
2027
(595,592)
Total
Written
Put
Options
(Premiums
Received
$2,072,497)
(1,070,053)
Total
Written
Options
(Premiums
Received
$2,962,193)
$(2,287,497)
Guardian
Capital
Dividend
Growth
Fund
Schedule
of
Investments
June
30,
2026
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
98.84%
Banking
—
5.81%
18,836
ICICI
Bank
Ltd.
-
ADR
$
546,809
9,763
Royal
Bank
of
Canada
2,021,574
2,568,383
Biotech
&
Pharma
—
5.54%
3,193
AbbVie,
Inc.
803,487
990
Amgen,
Inc.
358,499
5,695
AstraZeneca
PLC
1,079,886
4,917
Sanofi
-
ADR
209,759
2,451,631
Chemicals
—
0.70%
1,060
Air
Products
&
Chemicals,
Inc.
310,771
Commercial
Support
Services
—
4.52%
5,276
Republic
Services,
Inc.
1,124,210
3,926
Waste
Management,
Inc.
875,027
1,999,237
Diversified
Industrials
—
0.61%
997
Illinois
Tool
Works,
Inc.
269,659
Electric
Utilities
—
1.50%
1,186
Vistra
Corp.
188,135
4,064
WEC
Energy
Group,
Inc.
474,553
662,688
Electrical
Equipment
—
2.57%
17,422
Schneider
Electric
S.E.
-
ADR
1,135,566
Electronic
Equipment,
Instruments
&
Components
—
1.15%
2,875
Amphenol
Corp.,
Class
A
506,920
Hotels,
Restaurants
&
Leisure
—
2.88%
2,798
Darden
Restaurants,
Inc.
576,416
2,596
McDonald's
Corp.
701,724
1,278,140
Household
Products
—
1.47%
2,209
Procter
&
Gamble
Co.
(The)
323,928
5,458
Unilever
PLC
-
ADR
328,135
652,063
Industrial
Support
Services
—
1.16%
378
W.W.
Grainger,
Inc.
514,231
Guardian
Capital
Dividend
Growth
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Insurance
—
11.49%
4,392
Allianz
S.E.
2,076,884
43,021
AXA
S.A.
2,154,242
6,407
Hartford
Insurance
Group,
Inc.
(The)
849,056
5,080,182
Internet
Media
&
Services
—
6.70%
5,990
Alphabet,
Inc.,
Class
A
2,140,647
1,460
Meta
Platforms,
Inc.,
Class
A
822,403
2,963,050
Machinery
—
1.20%
543
Parker-Hannifin
Corp.
531,119
Oil
&
Gas
Producers
—
10.75%
13,669
Shell
PLC
-
ADR
1,059,894
20,068
TotalEnergies
S.E.
1,560,488
28,699
Williams
Cos.,
Inc.
(The)
2,133,484
4,753,866
Pharmaceuticals
—
4.02%
385
Eli
Lilly
&
Co.
461,781
5,172
Johnson
&
Johnson
1,313,532
1,775,313
Retail
-
Consumer
Staples
—
4.30%
2,030
Costco
Wholesale
Corp.
1,899,004
Retail
-
Discretionary
—
1.95%
5,679
TJX
Companies,
Inc.
(The)
860,369
Semiconductors
—
12.96%
1,365
ASML
Holding
N.V.
2,715,585
6,918
Broadcom,
Inc.
2,613,274
2,018
Nvidia
Corp.
403,782
5,732,641
Software
—
4.27%
5,058
Microsoft
Corp.
1,886,735
Specialized
REITs
—
2.75%
1,166
Equinix,
Inc.
1,215,427
Specialty
Retail
—
1.54%
1,925
Home
Depot,
Inc.
(The)
678,909
Technology
Hardware
—
5.77%
8,818
Apple,
Inc.
2,551,576
Guardian
Capital
Dividend
Growth
Fund
Schedule
of
Investments
(continued)
June
30,
2026
-
(Unaudited)
Technology
Services
—
1.25%
3,765
Oracle
Corp.
551,761
Transaction
Processing
Services
—
1.98%
1,701
MasterCard,
Inc.,
Class
A
873,634
Total
Common
Stocks
(Cost $34,269,605)
43,702,875
Shares
Fair
Value
MONEY
MARKET
FUNDS
—
1.01%
446,265
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
,
3.56%
(a)
446,265
Total
Money
Market
Funds
(Cost
$446,265)
446,265
Total
Investments
—
99.85%
(Cost
$34,715,870)
44,149,140
Other
Assets
in
Excess
of
Liabilities
—
0.15%
64,195
NET
ASSETS
—
100.00%
$
44,213,335