What were the Fund’s costs for the last six months?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Sterling Capital Enhanced Core Bond ETF | $20 | 0.39% |
| Net Assets | $584,808,094 |
| Number of Portfolio Holdings | 339 |
| Advisory Fee | $1,037,300 |
| Portfolio Turnover | 76% |
Material Fund Changes
On August 28, 2025, Guardian Capital Group Limited (“Guardian”), the indirect parent company of Sterling Capital Management LLC (the “Adviser”), announced that it had entered into a definitive agreement with Desjardins Global Asset Management Inc. (“DGAM”) to be taken private pursuant to an arrangement whereby DGAM would purchase all of the issued and outstanding shares of Guardian, other than shares held by certain shareholders who entered into equity rollover agreements (the “Transaction”). The closing of the Transaction occurred on March 23, 2026.
The Adviser is now an indirect, wholly-owned subsidiary of Desjardins and is anticipated to continue to operate as a standalone entity. To provide continuity and stability, the Adviser’s team of management and senior professionals will continue servicing the Adviser’s clients, including the Fund.
At a meeting held on October 23, 2025, the Board of Trustees of Capitol Series Trust approved an Agreement and Plan of Reorganization of the Fund into a fund of the same name, a newly created series of Sterling Capital Funds (the “Reorganization”). The Reorganization was originally expected to occur in March 2026, but was postponed. Shareholders approved the Reorganization at a special meeting held on August 18, 2026, and the Reorganization is expected to occur in September 2026.