Berwyn Cornerstone Fund

A no-load equity mutual fund adhering to Chartwell Investment Partners' time-tested style of seeking undervalued investments.

Overview

Overview

The Berwyn Cornerstone Fund emphasizes companies with market capitalizations that are mid-cap and large-cap in size. The ability to invest across a broad spectrum of market capitalizations gives this fund the flexibility to navigate different market environments.  It is the newest fund in the Berwyn family, having been founded in May 2002. 

Investment Objective

Investment Objective

Berwyn Cornerstone Fund is a no-load mutual fund that seeks long-term capital appreciation by investing primarily in common stocks.

Performance

Performance

Average Annual Total Returns
As of February 28, 2017
Time Period Month 1 Year 3 Years 5 Years 10 Years Inception (5/1/2002)
BERCX 3.21% 40.84% 5.42% 10.13% 5.90% 7.31%
BENCHMARK RETURNS AS OF MOST RECENT CALENDAR QUARTER END (12/31/16)
  YTD 1 YR 3 YRS 5 YRS 10 YRS
BERCX 28.68% 28.68% 2.64% 11.12% 5.25%
S&P 500¹ 11.96% 11.96% 8.87% 14.66% 6.95%
S&P 400² 20.74% 20.74% 9.04% 15.33% 9.16%

¹ S&P 500: Standard & Poor’s 500, an Index of the 500 largest companies as measured by market capitalization.

² S&P 400: Standard & Poor’s 400, an Index designed to measure the performance of 400 selected companies with a mid-sized market capitalization. 

Investors cannot invest directly in an index.

Note: Returns for YTD and quarter not annualized.

Past performance does not guarantee future results. Investment fund and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data cited. Current month end data is available at www.berwynfunds.com.  

Top Ten Holdings

Top Ten Holdings

AS OF DECEMBER 31, 2016

Holding % of Investments
WESTLAKE CHEM. CORP. 3.8
BROCADE COMM. 3.7
PBF ENERGY INC. 3.4
INTEL CORP 3.2
UNUM GROUP 3.1
Holding % of Investments
CA INC. 3.1
WEST CORP 3.1
GLAXOSMITHKLINE ADR 3.1
BLACKBERRY LTD 3.1
BUNGE LTD 3.1

Fund Portfolio Composition

Fund Portfolio Composition

AS OF DECEMBER 31, 2016
  • Materials14.4%
  • Industrials12.8%
  • Consumer Disc.16.8%
  • Consumer Staples3.1%
  • Energy12.4%
  • Financials8.9%
  • Healthcare3.1%
  • Inform. Tech22.4%
  • Utilities2.4%
  • Short-Term Inv3.7%

Fund Dividend Information

Fund Dividend Information

Please visit our dedicated Fund Distributions Page for more information on the Berwyn Cornerstone Fund’s annual dividends.

Investment Risks

Investment Risks

Investing in any mutual fund involves risk, including the risk that you may lose all or part of the money you invest. The Fund is a non-diversified fund which may present greater risks than investing in a diversified fund. It invests in equity securities which carry the potential for unpredictable drops in value and periods of lackluster performance. The Fund typically invests in securities that are considered undervalued by the Advisor. This may result in the Fund being invested in lesser-known companies or those out of favor with other investors. There is the chance these securities remain out of favor or not generally recognized by the market. 

Download Fund fact sheet Learn more about the fund atMorningstar

Fund Facts

NAV (3/23/17)
17.12

Ticker Symbol
BERCX

CUSIP #
46141Q485

Load
No-Load

12b-1 Fee
None

Total Net Assets
$22.3 million (as of 12/31/16)

Objective
Long-Term Capital Appreciation

Inception Date
5/1/02

Gross Expense Ratio
1.94%*

Net Expense Ratio ‡
1.27%*


*Includes 0.02% of Acquired Fund Fees and Expenses.


‡Chartwell Investment Partners, LLC has contractually agreed until at least April 29, 2018, to cap Fund expenses at 1.25% of the Fund's average daily net assets.

Additional Information

Minimum Initial Purchase

$1,000/$1,000 IRA

Advisor

Chartwell Investment Partners, LLC
1205 Westlakes Drive, Suite 100
Berwyn, PA 19312
610-296-7222
877-454-5536

Distributor

Distributed by IMST Distributors, LLC.

Transfer Agent

UMB Fund Services, Inc.
235 W. Galena Street
Milwaukee, WI 53212

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This is not an investment recommendation or a solicitation to become a client of Chartwell Investment Partners, LLC.

By accepting you will be leaving the Berwyn Funds website. Berwyn Funds are distributed by IMST Distributors, LLC. 
IMST Distributors, LLC is a FINRA registered broker-dealer.

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