Sterling Capital Equity Income Fund Institutional Shares
BEGIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Raleigh, NC 27601 Milwaukee WI United States of America 53202
- IPO Date
- Jul 1, 2004
- CIK
- 0000889284
- Website
- edwardjones.com
- Similar Companies
- Business
- Sterling Capital Equity Income Fund Institutional Class (BEGIX) is an open-end mutual fund that seeks capital growth and current income by investing primarily in high-quality, dividend growth equities of large-cap companies. The fund employs fundamental analysis to construct a concentrated portfolio of 30 to 35 best ideas, targeting companies with strong balance sheets, reasonable valuations, sustained market or sales growth, and a history of raising dividends for at least three consecutive years or six of the last ten years; it prioritizes stocks with dividend yields exceeding the S&P 500 Index while selectively incorporating convertible securities and writing covered call options to enhance yield. Managed within the large value equity category, it maintains sector allocations emphasizing financial services (26%), industrials (21%), and technology (17%), with top holdings including Analog Devices (5%), Microsoft (5%), Linde PLC (5%), Ferguson Enterprises (4%), and Automatic Data Processing (4%); the fund also offers Class A (BAEIX), Class C (BCEGX), and Class R6 (STREX) share classes. Sterling Capital Management LLC, the fund's adviser, founded in 1970 and headquartered in Charlotte, North Carolina, operates as an indirect wholly-owned subsidiary of Guardian Capital Group Limited following the completion of its acquisition in 2024, which added approximately $77 billion in assets under management and administration while preserving Sterling's investment teams and independence. The fund domiciled in the United States targets institutional and high-net-worth investors with a $1 million minimum initial investment for Institutional shares and a net expense ratio of 0.83%, distributing daily pricing through U.S. intermediary platforms. Recent developments include portfolio management continuity under lead managers Charles (Chip) Wittmann (since July 2021) and Jeremy Lopez (since November 2022), alongside ongoing strategic insights from Sterling's equity team on market dynamics such as momentum stock trends, term premium resurgence, and housing sector thawing amid Federal Reserve rate cuts in 2025. In 2025, the firm announced the liquidation of its unrelated Focus Equity ETF on November 24, reflecting portfolio rationalization, while maintaining the Equity Income strategy's active approach with 42% annual turnover and emphasis on ESG-aligned characteristics. No major funding rounds, new product launches, or reorganizations specific to BEGIX were reported in the last 1-2 years, with assets under management for the Institutional class at approximately $592 million as of late 2025.