Chartwell Short Duration High Yield Fund
Data updated: 2022-08-29
C000188162 — Chartwell Short Duration High Yield Fund. Short Corporate Bond · $184.83M AUM · 0.49% expense ratio. Holdings, fees, performance and SEC filings.
C000188162 Fund Overview
Chartwell Short Duration High Yield Fund is a US mutual fund managed by Chartwell Funds, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Chartwell Funds
- Category: Short Corporate Bond
- Assets under management: $184.83M
- 1-year return: -5.7%
- SEC CIK: 0001697268
- SEC series ID: S000057935
- Share class ID: C000188162
C000188162 Investment Objective and Strategy
Chartwell Short Duration High Yield Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Chartwell Funds.
Investment objective
The investment objective of the Chartwell Short Duration High Yield Fund is income and long-term capital appreciation.
Principal investment strategy
"Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in high yield debt securities. High yield debt securities, also referred to as ""junk"" bonds, are securities rated below the Baa/BBB categories at the time of purchase or, if unrated, determined to be of comparable credit quality by the Fund's advisor. Under normal market conditions, the Fund advisor expects to primarily invest in BB rated debt securities, the higher quality tier of the overall high yield market. The advisor considers a security to be BB-rated if, at the time of purchase, it was assigned a rating of Ba1, Ba2, Ba3 by Moody's Investor Services, Inc., or BB+, BB, BB- by Standard & Poor's or Fitch, Inc., or, if unrated, it was determined to be of comparable credit quality by the Fund's advisor.
The types of debt securities in which the Fund primarily invests include, but will not be limited to, U.S. dollar denominated high yield corporate bonds and notes. The Fund may invest up to 20% of its assets in U.S. dollar denominated securities of issuers based outside of the U. S. While the Fund may invest in securities of any maturity, the Fund will normally target an average portfolio effective duration, as estimated by the Fund's advisor, of less than three years. Duration is a measure of the underlying portfolio's price sensitivity to changes in prevailing interest rates. The longer a security's duration, the more sensitive its price will be to changes in interest rates. For example, the approximate percentage decrease in the price of a security with a three-year duration would be 3% in response to a 1% increase in interest rates.
The Fund advisor normally expects to focus the Fund's investments in the higher credit quality tier of the overall high yield bond market, which the Fund's advisor believes may offer an opportunity for more attractive yield premiums, with a lower probability of credit erosion relative to the high yield bond market as a whole. In pursuing the Fund's investment objective, the Fund's advisor seeks to identify securities of companies with stable cash flows and proven and established business models in an effort to manage the amount of credit, interest rate, liquidity and other risks, presented by these securities. The advisor may purchase exchange-traded funds (""ETFs"") designed to track fixed income securities indices to manage the Fund's cash holdings. ETFs are investment companies that invest in portfolios of securities designed to track particular market segments or indices, the shares of which are bought and sold on a securities exchange.
The ETFs in which the Fund invests may invest substantially all of their assets in high yield debt securities. Such ETFs are taken into account when determining how much of the Fund's net assets have been invested in high yield securities."
C000188162 Costs and Fees
C000188162 costs about $49 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.49%
- Gross expense ratio: 0.58%
- Portfolio turnover: 54%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000188162 Cashflows
Over the 12 months to 2022-06, Chartwell Short Duration High Yield Fund had net inflows of $13.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-06 | −$8.82M |
| 2022-05 | −$733.93K |
| 2022-04 | $2.17M |
| 2022-03 | −$10.85M |
| 2022-02 | $861.81K |
| 2022-01 | $1.52M |
C000188162 Debt Constituents
No individual debt constituents are reported in Chartwell Short Duration High Yield Fund's latest SEC N-PORT filing.
C000188162 Prospectus and SEC Filings
Official Chartwell Short Duration High Yield Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-29
- Prospectus (485BPOS) — filed 2021-03-16
- Prospectus supplement (497) — filed 2022-05-13
- Portfolio holdings (N-PORT) — filed 2022-08-29
- Portfolio holdings (N-PORT) — filed 2022-05-26
- Portfolio holdings (N-PORT) — filed 2022-02-28
- Annual census (N-CEN) — filed 2022-03-14
- Annual census (N-CEN) — filed 2021-03-15
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.