CWSDX — Chartwell Short Duration Bond Fund
Data updated: 2022-08-29
CWSDX — Chartwell Short Duration Bond Fund. Money Market · $5.74M AUM · 0.40% expense ratio · -4.0% 1-yr return. Holdings, fees, performance and SEC filings.
CWSDX Fund Overview
CWSDX — Chartwell Short Duration Bond Fund is a US mutual fund managed by Chartwell Funds, categorised as Money Market. 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: Money Market
- Assets under management: $5.74M
- 1-year return: -4.0%
- Ticker: CWSDX
- SEC CIK: 0001697268
- SEC series ID: S000073656
- Share class ID: C000230718
CWSDX Investment Objective and Strategy
Chartwell Short Duration Bond 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 Bond Fund is to maximize current income by investing in high quality short maturity fixed income securities while also preserving capital.
Principal investment strategy
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in bonds (bonds include any debt instrument). Under normal market conditions, the Fund 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. 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 Funds advisor. Under normal market conditions, the Fund advisor expects to primarily invest in investment grade short duration fixed income securities. The types of debt securities in which the Fund primarily invests include, but will not be limited to, U.S.
dollar denominated short duration investment grade bonds and high yield corporate bonds. The Fund may invest up to 20% of its assets in U.S. dollar denominated securities of issuers based outside of the U.S., including in emerging markets. Under normal circumstances, the Fund will normally target an average portfolio effective duration, as estimated by the Funds advisor, of less than three years. Duration is a measure of the underlying portfolios prices sensitivity to changes in prevailing interest rates. The longer a securitys 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 Funds investments to maintain investment grade status and the high yield allocation to maintain a higher credit quality tier of the overall high yield bond market.
In pursuing the Funds investment objective, the Funds advisor seeks to identify securities of companies with stable or improving 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. Chartwell utilizes a disciplined value, bottom-up approach to the fixed income market, with emphasis on building the portfolio through individual security selection. The philosophy is implemented by assessing the credit profiles of specific issuers through extensive credit research. The team searches out companies that we believe will experience stable or improving credit profiles. Securities are identified for inclusion through an analysis of historical and relative yield spread relationships.
Security characteristics such as credit quality, structure, maturity, and liquidity are also examined. Sector diversification and duration parameters are defined to limit market, sector and credit risk. The Fund will primarily own corporate bonds of U.S. domiciled companies, but can also own government securities, mortgage-backed securities, asset-backed securities, loans, and high yield bonds and corporate bonds of non-U.S. domiciled companies, including companies domiciled in emerging markets. Under normal circumstances, the Fund 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. When the Advisor believes that current market, economic, political or other conditions are unsuitable and would impair the pursuit of the Funds investment objective, the Fund may invest up to 100% of its assets in cash or cash equivalents, including but not limited to obligations of the U.S.
Government, money market fund shares, commercial paper, repurchase agreements, certificates of deposit and/or bankers acceptances, as well as other interest bearing or discount obligations. When the Fund takes a temporary defensive position, it may not achieve its investment objective.
CWSDX Performance
Total returns for CWSDX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -4.0% |
CWSDX Risk Information
Risk metrics for CWSDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.9%
CWSDX Costs and Fees
CWSDX costs about $40 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.40%
- Gross expense ratio: 3.52%
- Portfolio turnover: 6%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
CWSDX Cashflows
Over the 12 months to 2022-06, Chartwell Short Duration Bond Fund had net inflows of $6.01M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-06 | $6.79K |
| 2022-05 | $4.38K |
| 2022-04 | $4.38K |
| 2022-03 | $4.91K |
| 2022-02 | $3.17K |
| 2022-01 | $8.38K |
CWSDX Debt Constituents
No individual debt constituents are reported in Chartwell Short Duration Bond Fund's latest SEC N-PORT filing.
CWSDX Prospectus and SEC Filings
Official Chartwell Short Duration Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus (485BPOS) — filed 2021-09-20
- 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
Related Funds
Other Money Market 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.