A 24-year-old, 11.5-billion-AUM (as of June 30) boutique asset manager's team recently rolled out another fixed income mutual fund. $7 billion of the Berwyn, Pennsylvania-based firm's AUM is in fixed income.
| Christine F. Williams|
Chartwell Investment Partners, LLC
Founding Partner, Senior Portfolio Manager
Last week, Tim Riddle
, CEO of Chartwell Investment Partners, LLC
the new Chartwell Short Duration Bond Fund
(CWSDX). The fund is run by a seven-person investment team that includes five PMs: Thomas Coughlin
, James Fox
, John Hopkins
, Andrew Toburen
, and Christine Williams
. Williams and Fox are the lead PMs on the fund.
The new fund comes with an expense ratio of 39 basis points, including a 192bps fee waiver that will last at least until September 22, 2022.
Other service providers for the new fund include: BBD, LLP
as independent accounting firm; Foreside Fund Services, LLC
as distributor; Stradley Ronon Stevens & Young, LLP
as counsel; Ultimus Fund Solutions
as fund account accountant, fund administrator, and transfer agent; and UMB Bank, n.a.
Riddle lauds the new fund as "another quality short duration fixed income option for [Chartwell's] clients.
Chartwell's team of more than 50 people specializes in bottom-up, fundamental investing in both equity and fixed income strategies, for institutional investors and, through RIAs, for retail investors.
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