BERWYN, Pa.--(BUSINESS WIRE)--Chartwell Investment Partners announced the rebranding of its Berwyn Cornerstone Fund as Chartwell Mid Cap Value Fund (BERCX). Chartwell, a subsidiary of TriState Capital Holdings, Inc. (Nasdaq: TSC), manages the Chartwell Mid Cap Value Fund, which is offered on most major platforms including Fidelity, TD Ameritrade, LPL, Raymond James and Charles Schwab.
The Chartwell Mid Cap Value Fund, which as of June 30, 2017, had $23.2 million in total net assets, is designed with the potential to outperform the Russell Midcap Value Index. The fund is constructed using a bottom-up approach to stock selection, and weighs a number of factors including valuation, fundamentals, catalysts and growth prospects.
The Chartwell Mid Cap Value Fund is led by Senior Portfolio Manager David Dalrymple, a founding partner of Chartwell with more than 30 years of demonstrated investment success*. In addition to the rebranded fund, the team manages approximately $1.8 billion, including a growing base of $320 million in mid-cap value assets for Chartwell institutional and retail clients as of July 31, 2017.
“Our experienced team continually focuses on sifting through a set of companies that harbor investor doubts. The team looks for undervalued investments that we believe have provided positive risk adjusted return characteristics,” said Dalrymple.
Dalrymple’s success in small-cap and mid-cap value investing was recognized in 2015 when he was named SMA Small-Cap Value Manager of the Year by Envestnet | PMC**. Prior to Chartwell, Dalrymple served as portfolio manager at Delaware Investment Advisers, and had previously worked at Lord Abbett & Co. Dalrymple holds a Bachelor of Science in business management from Clarkson University and an MBA from Cornell University’s Johnson School, and is a Chartered Financial Analyst.
“Expanding the reach of our mid-cap value product is a tremendous opportunity for our clients and for Chartwell,” said Chartwell Managing Partner and Chief Executive Officer Tim Riddle. “Dave and his talented teammates are excited to be managing the Mid Cap Value Fund.”
In addition to its small- and mid-cap value products, Chartwell and its Berwyn Funds offer equity and fixed income mutual funds and investment strategies to institutional, retail and individual investors. The available funds are the Chartwell Small Cap Value Fund (CWSIX), Chartwell Short Duration High Yield Fund (CWFIX), Berwyn Fund (BERWX), Berwyn Income Fund (BERIX) and recently launched Chartwell Small Cap Growth Fund (CWSGX).
ABOUT CHARTWELL INVESTMENT PARTNERS
Located in Berwyn, Pennsylvania, since its founding in 1997, Chartwell has successfully grown into a boutique investment management firm with $8 billion in assets under management, as of June 30, 2017, and more than 65 professionals. Chartwell is advisor to The Berwyn Funds and Chartwell Mutual Funds. Chartwell provides equity and fixed-income investment strategies to institutional and private clients and clients of wrap fee programs through separate accounts, sub-advisory relationships and mutual funds. For more information on Chartwell, the investment management subsidiary of TriState Capital Holdings, Inc. (Nasdaq: TSC), please visit https://www.chartwellip.com/.
Important Disclosures:
An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The Fund’s prospectus contains this and other information about the Fund and should be read before investing. The Fund’s prospectus may be obtained by downloading it from the Fund’s web site or by calling 1-888-995-5505.
Mutual fund investing involves risk, including the potential loss of principal. Mid-cap securities may be subject to more abrupt market movements and may have lower trading volumes than securities of larger, more established companies. Value investing is subject to the risk that the market will not recognize a security’s inherent value, or that a stock judged to be undervalued may actually be appropriately priced or overvalued. Foreign securities involve greater currency valuation, economic, political, and regulatory environment risk relative to U.S. securities. The Fund invests in ETFs and is therefore subject to the same risks as the underlying securities in which the ETF invests, and entails higher expenses than if invested into the underlying ETF directly. The Fund is a non-diversified fund which may present greater risks than a diversified fund that invests in a greater number of issuers.
On July 17, 2017 the Berwyn Cornerstone Fund was reorganized into the Chartwell Mid Cap Value Fund, which has similar, but not identical, investment objectives, as well as different investment strategies and risks.
* Past performance is no guarantee of future results.
** To qualify for an SMA Manager and Strategist of the Year Award, a manager’s team is required to have at least three years of experience running a strategy with $200 million or more in assets. In addition, a manager’s product must be reported through Envestnet | PMC’s Premium Research solutions, which are leading sources of investment-manager due diligence and research for advisors.
Award winners and finalists were selected based on Envestnet | PMC’s proprietary, systematic, and multi-factor methodology for evaluating managers. A variety of qualitative and quantitative criteria, such as firm profile, investment process and style, performance, tax efficiency, and customer service, are taken into consideration under this framework.
One cannot invest directly in an index.
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Wholesaling is provided by our affiliate, Chartwell TSC Securities Corp.
