Chartwell Short Duration Bond Fund (CWSDX)

STRIVING FOR INCOME WITH DISCIPLINED RISK MANAGEMENT

Documents & Literature – Chartwell Short Duration Bond Fund

Regulatory Documents – Chartwell Short Duration Bond Fund

View All Documents

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 March 31, 2022

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:

$6 million

Load:

No-Load

30-Day SEC Yield*:

2.45%

12B-1 Fee:

None

30-Day SEC Yield Unsubsidized**:

0.10%

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

	NAV	Daily Change	% Daily Change	YTD Return
Daily Performance as of (May 20, 2022)
Chartwell Short Duration Bond Fund	$9.63	$0.01	0.10%	-2.95%

	Month End	1 Yr.	3 Yrs.	5 Yrs.	10 Yrs.	* Inception(9/22/2021)
Average Annual Total Returns as of most recent Month End (April 30, 2022)
Chartwell Short Duration Bond Fund	-0.85%	N/A	N/A	N/A	N/A	-3.41%
Bloomberg 1-3 Year US Government/Credit Index	-0.54%	N/A	N/A	N/A	N/A	-3.59%
Bloomberg Intermediate Government/Credit Index	-2.00%	N/A	N/A	N/A	N/A	-7.42%

	Quarter End	1 Yr.	3 Yrs.	5 Yrs.	10 Yrs.	* Inception(9/22/2021)
Average Annual Total Returns as of most recent Quarter End (March 31, 2022)
Chartwell Short Duration Bond Fund	-2.22%	N/A	N/A	N/A	N/A	-2.58%
Bloomberg 1-3 Year US Government/Credit Index	-2.49%	N/A	N/A	N/A	N/A	-3.07%
Bloomberg Intermediate Government/Credit Index	-4.51%	N/A	N/A	N/A	N/A	-5.53%

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.

Holding	% of Investments
TOP TEN HOLDINGS (April 30, 2022)
U.S. TREASURY NOTES	3.03%
THERMO FISHER SCIENTIFIC	2.88%
U.S. TREASURY NOTES	2.60%
ROYAL BANK OF CANADA	2.51%
TRUIST BANK	2.40%
QUANTA SERVICES INC.	2.03%
NEXTERA ENERGY CAP HLDGS INC SR	1.99%
U.S. TREASURY NOTES	1.97%
CITIGROUP INC.	1.96%
OGE ENERGY CORP	1.89%

* Cumulative returns shown for periods less than one year.

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.

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.