CHARTWELL MID CAP VALUE FUND (BERCX)

Seeks Long-Term Capital Appreciation

Documents & Literature – Chartwell Mid Cap Value Fund

The Mid Cap Value Fund (BERCX) seeks long-term capital appreciation from companies with market capitalizations of $2B to $25B. We look for companies that exhibit strong growth, profitability, and financial strength characteristics.

Our Approach

We believe that a company’s valuation history is an important indicator of value and opportunity.

We seek companies that have shown, historically, to offer lower volatility from companies that have grown faster with more cash flow, which has resulted in attractive risk-adjusted performance.

Fund Facts

As of September 30, 2021

Fund Symbol:
BERCX
Fund Cusip:
16140T 301
Objective:
The investment objective of the Chartwell Mid Cap Value Fund is to seek long-term capital appreciation.
Inception Date:
5/1/2002
Minimum Initial Purchase:
$1,000
Gross Expense Ratio:
1.47%
Dividends:
Annually
Subsequent Purchase:
$100
Net Expense Ratio:
0.90%
Total Net Assets:
$35 million
12B-1 Fee:
None
Load:
No-Load

Chartwell Investment Partners, LLC has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses as determined in accordance with Form N-1A, expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses) do not exceed 0.90% of the average daily net assets of the Fund’s shares. This agreement is in effect at least one year from the 3/1/21 prospectus and it may be terminated prior to this time only by the Trust’s Board of Trustees, or if the investment advisory agreement is terminated (i) by The Chartwell Funds upon 60 days’ notice to the advisor provided such termination was directed or approved by a vote of a majority of the Trustees of The Chartwell Fundsor by the vote of the holders of a majority of the voting securities of the Fund at the time outstanding or entitled to vote; (ii) by the advisor upon 60 days’ notice to The Chartwell Funds; or (iii) by an assignment of the investment advisory agreement. After April 29, 2018, the advisor will be permitted to seek reimbursement from the Fund, subject to certain limitations, of fees waived or payments made to the Fund for a period ending three years after the date of the waiver or payment, provided that no reimbursement will cause the Fund’s annual expense ratio to exceed the lesser of the (i) expense limitation amount in effect at the time such fees were waived or payments made, and (ii) the expense limitation amount in effect at the time of the reimbursement.

FUND PORTFOLIO COMPOSITION

AS OF MARCH 31, 2021

Berwyn CornerStone Fund Pie Chart
Pie Chart Square - 03425c Financial Services 17%
Pie Chart Square - 055e83 Utilities 9%
Pie Chart Square - 0e7eb0 REITs 10%
Pie Chart Square - f78c21 Capital Spending 5%
Pie Chart Square - FAA442 Technology 9%
Pie Chart Square - FDC789 Basic Industry 8%
Pie Chart Square - 656565 Energy 4%
Pie Chart Square - 8B8A8B Consumer Cyclical 4%
Pie Chart Square - BCBCBC Consumer Staples 4%
Pie Chart Square - D0D6E9 Consumer Services 14%
Pie Chart Square - A8B5DA Business Services 4%
Pie Chart Square - CECECD Healthcare 9%
Pie Chart Square - 010101 Cash 3%
Daily Performance as of (October 26, 2021)
  NAV Daily Change % Daily Change YTD Return
Chartwell Mid Cap Value Fund $17.74 $-0.04 -0.22% 18.90%
Average Annual Total Returns as of most recent Month End (September 30, 2021)
  Month End 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Inception(5/1/2002)
Chartwell Mid Cap Value Fund -2.47% 34.00% 5.46% 8.77% 10.28% 7.03%
S&P MidCap 400 Index TR -3.97% 43.68% 11.08% 12.97% 14.72% 10.10%
S&P 500 Total Return Index -4.65% 30.00% 15.99% 16.90% 16.63% 9.52%
Russell Midcap Value Total Return -3.68% 42.40% 10.28% 10.59% 13.93% 9.93%
Average Annual Total Returns as of most recent Quarter End (June 30, 2021)
  Quarter End 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Inception(5/1/2002)
Chartwell Mid Cap Value Fund 3.03% 36.31% 6.63% 10.21% 8.49% 7.14%
S&P MidCap 400 Index TR 3.64% 53.24% 13.17% 14.29% 12.40% 10.34%
S&P 500 Total Return Index 8.55% 40.79% 18.67% 17.65% 14.84% 9.62%
Russell Midcap Value Total Return 5.66% 53.06% 11.86% 11.79% 11.75% 10.12%

Performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. To obtain performance information current to the most recent month-end please call 1-888-995-5505. Returns for less than a year are not annualized.


TOP TEN HOLDINGS (June 30, 2021)
Holding % of Investments
ALLSTATE CORPORATION (THE) 4.07%
FMC CORPORATION 3.93%
VULCAN MATERIALS COMPANY 3.92%
QUEST DIAGNOSTICS INC. 3.76%
MID-AMERICA APARTMENT COMMUNITIES INC. 3.74%
DOLBY LABORATORIES INC. 3.61%
CIENA CORPORATION 3.61%
PUBLIC SERVICE ENTERPRISE GROUP INC. 3.54%
PINNACLE FINANCIAL PARTNERS INC. 3.38%
UNIVAR INC. 2.97%

Figures unaudited. For informational purposes only. Holdings are subject to change at any time.

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. The fund’s prospectus contains this and other information, and can be obtained by calling toll free (888) 995-5505 or visiting http://www.chartwellip.com. Read the summary or statutory prospectus carefully before investing. 

On July 17, 2017 the Berwyn Cornerstone Fund was reorganized into the Chartwell Mid Cap Value Fund, which has similar, but not identical, investment objectives, as well as different investment strategies and risks.

The Fund acquired the assets and liabilities of the Berwyn Cornerstone Fund (the “IMST Predecessor Fund”), a series of Investment Managers Series Trust, on July 17, 2017. The IMST Predecessor Fund acquired the assets and liabilities of the Berwyn Cornerstone Fund (the “Berwyn Funds Predecessor Fund,” and together with the IMST Predecessor Fund, the “Predecessor Funds”), a series of the Berwyn Funds, on April 29, 2016. As a result of the organizations, the Fund is the accounting successor of the Predecessor Funds. Performance results shown reflect the performance of the IMST Predecessor Fund for the period from April 29, 2016 through July 17, 2017, and the performance of the Berwyn Funds Predecessor Fund for the period prior to April 29, 2016. The Predecessor Funds’ past performance is not necessarily an indication of how the Fund will perform in the future. The Fund’s principal investment strategies differ from those of the Predecessor Funds; therefore, the performance and average annual total returns shown for periods prior to the reorganization may have differed had the Fund’s current investment strategy been in effect during those periods.

Russell Midcap Value: an Index that measures the performance of those Russell Midcap companies with lower price/book ratios and lower forecasted growth values. The stocks are also members of the Russell 1000® Value Index.

Investors cannot invest directly in an index.

CHOOSE FUNDS THAT FIT YOUR GOALS

We know your investment goals change as you reach different life events. That’s why we’ve developed mutual funds that can help meet you every step of the way, from seeking growth to income potential.

Additional Information

Advisor

Chartwell Investment Partners, LLC
1205 Westlakes Drive
Berwyn, PA 19312

610.296.1400

Distributor

Distributed by Foreside Fund Services, LLC

Transfer Agent

Ultimus Fund Solutions, LLC
P.O. Box 46707
Cincinnati, OH 45246-0707

There can be no guarantee that any strategy will be successful.

Wholesaling provided by our affiliate, Chartwell TSC Securities Corp., Member FINRA.

Please visit our dedicated Fund Distributions Page for more information on the Chartwell Mid Cap Value Fund’s annual dividends.

INVESTING RISK: Mutual Fund investing involves risk, including the potential loss of principal. Mid-Cap securities may be subject to more abrupt market movements and may have lower trading volumes than securities of larger, more established companies. Value investing is subject to the risk that the market will not recognize a security’s inherent value, or that a stock judged to be undervalued may actually be appropriately priced or overvalued. Foreign securities involve greater currency valuation, economic, political, and regulatory environment risk relative to U.S. securities. The Fund may invest in ETFs and therefore would be subject to the same risks as the underlying securities in which the ETF invests as well as entails higher expenses than if invested into the underlying ETF directly. The Fund is a non-diversified fund which may present greater risks than a diversified fund that invests in a greater number of issuers.

IMPORTANT INFORMATION: The information provided on this website is for informational purposes only, is of a general nature, and should not be construed as investment advice or to provide any investment, tax, financial, or legal advice or service to any person. Decisions based on the information contained on the website are the sole responsibility of the visitor, and the visitor agrees to hold Chartwell harmless against any claims arising from those decisions. The views expressed represent the opinions of Chartwell and are not intended as a forecast, a guarantee of future results, investment recommendation, or an offer to buy or sell any securities. All investing is subject to risk, including the possible loss of money you invest. Past performance is no guarantee of future results.

The views expressed on this website were current as of the date indicated and are subject to change.

This website is owned and operated by Chartwell Investment Partners (“Chartwell”). Chartwell will use reasonable efforts to include accurate and up-to-date information; however, Chartwell makes no presentations or warranties, express or implied, as to the information provided herein.

Chartwell is a U.S. SEC registered investment advisor.