An $11.5B-AUM Boutique Adds Another Bond Fund
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Tuesday, October 05, 2021

An $11.5B-AUM Boutique Adds Another Bond Fund

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 [profile], revealed 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. as custodian.

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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