Chartwell Short Duration Bond Fund (CWSDX)

STRIVING FOR INCOME WITH DISCIPLINED RISK MANAGEMENT

Regulatory Documents – Chartwell Short Duration Bond Fund

When looking for attractive income potential and capital preservation, look no further than the Chartwell Short Duration Bond Fund (CWSDX). This fund seeks to maximize current income by investing in high quality short maturity fixed income securities while also preserving capital.

Our Approach

Chartwell’s Short Duration Bond Fund (CWSDX) seeks to reach its goals by investing in bonds that we believe trade at attractive relative values.

The Fund is primarily invested in short duration debt securities and short duration high yield debt securities. Under normal conditions, CWSDX invests at least 75% of its net assets (plus any borrowings for investment purposes) in investment grade short duration debt securities and up to 25% in short duration high yield debt securities.

Fund Facts

As of September 30, 2021

Fund Symbol:
CWSDX
Fund Cusip:
16140T 707
Objective:
The investment objective of the Chartwell Short Duration Bond Fund is to maximize current income by investing in high quality short maturity fixed income securities while also preserving capital.
Inception Date:
09/22/2021
Minimum Initial Purchase:
$1,000
Gross Expense Ratio:
2.31%
Dividends:
Monthly
Subsequent Purchase:
$100
Net Expense Ratio:
0.39%
Total Net Assets:
$5 million
Load:
No-Load
30-Day SEC Yield*:
N/A
12B-1 Fee:
None
30-Day SEC Yield Unsubsidized**:
N/A

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 0.39% of the average daily net assets of the Fund shares. This agreement is in effect until for at least one year from the 9/22/21 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 Funds or by the vote of the holders of a majority of the voting securities of the Fund at the time outstanding or entitled to vote or (ii) by an assignment of the investment advisory agreement. The advisor is 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.

*The 30-Day SEC Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a “subsidized” yield, which means it includes contractual expense reimbursements, and it would be lower without those reimbursements.

**The Unsubsidized 30-Day SEC Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It excludes contractual expense reimbursements, resulting in a lower yield.

FUND PORTFOLIO COMPOSITION

AS OF DECEMBER 31, 2020

 

Pie Chart Square - f78c21 BBB/BBB 10%
Pie Chart Square - 055e83 BB/BB 87%
Pie Chart Square - 8B8A8B Cash 3%
Daily Performance as of (November 26, 2021)
  NAV Daily Change % Daily Change YTD Return
Chartwell Short Duration Bond Fund $9.95 $0.01 0.10% -0.48%
Average Annual Total Returns as of most recent Month End (October 31, 2021)
  Month End 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Inception(9/22/2021)
Chartwell Short Duration Bond Fund -0.27% N/A N/A N/A N/A N/A
Bloomberg 1-3 Year US Government/Credit Index -0.33% N/A N/A N/A N/A N/A
Bloomberg Intermediate Government/Credit Index -0.56% N/A N/A N/A N/A N/A
Average Annual Total Returns as of most recent Quarter End (September 30, 2021)
  Quarter End 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Inception(9/22/2021)
Chartwell Short Duration Bond Fund N/A N/A N/A N/A N/A N/A
Bloomberg 1-3 Year US Government/Credit Index N/A N/A N/A N/A N/A N/A
Bloomberg Intermediate Government/Credit Index N/A N/A N/A N/A N/A N/A

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 (October 31, 2021)
Holding % of Investments
THERMO FISHER SCIENTIFIC 2.93%
U.S. TREASURY NOTES 2.89%
U.S. TREASURY NOTES 2.56%
DUKE ENERGY INC 2.51%
NVIDIA CORPORATION 2.50%
ROYAL BANK OF CANADA 2.50%
TRUIST BANK 2.36%
QUANTA SERVICES INC. 2.07%
CITIGROUP INC. 2.02%
HEWLETT PACKARD ENTERPRISE COMPANY 1.93%

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. 

The Bloomberg 1-3 Year Gov/Credit Index measures the performance of investment grade, US dollar denominated, fixed-rate, taxable corporate and government-related debt with 1-3 years maturity. It is comprised of a corporate and a non-corporate component that includes non-US agencies, sovereigns, supranatioals and local authorities. One cannot invest in an index.

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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 Short Duration Bond Fund’s monthly dividends.

INVESTING RISK: Fixed income investment includes the following risks: credit, prepayment, call and interest rate risk. Credit risk refers to the loss in the value of a security based on a default in the payment of principle and/or interest of the security, or the perception of the market of such default. As interest rates rise the value of bond prices will decline. High-yield bonds have a higher risk of default or other adverse credit events, but have the potential to pay higher earnings over investment grade bonds. The higher risk of default, or the inability of the creditor to repay its debt, is the primary reason for the higher interest rates on high -yield bonds. The Fund may invest in foreign and emerging market securities which involves certain risks such as currency volatility, political and social instability and reduced market liquidity. The Fund may also invest in ETFs (Exchange-Traded Funds) 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. There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal.

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.