The Berwyn Income Fund is managed utilizing Chartwell Investment Partners’ value-oriented security selection process. While the majority of Berwyn Income Fund’s portfolio is invested in bonds, it may invest up to 30% of its assets in dividend-paying common stocks. The fund’s balanced, income-oriented approach may afford a greater level of price stability than an all equity portfolio.
Berwyn Income Fund’s objective is to provide investors with current income while seeking to preserve capital.
|Time Period||Month||1 Year||3 Years||5 Years||10 Years||Inception (9/3/1987)|
|BENCHMARK RETURNS AS OF MOST RECENT CALENDAR QUARTER END (12/31/16)|
|QTR||1 YR||3 YRS||5 YRS||10 YRS|
|Lipper Income Index³||-0.01%||6.86%||3.40%||5.93%||4.34%|
¹ BIG: Citigroup Broad Investment Grade Index, a broad bond index measuring the performance of the U.S. investment grade bond market, from short to long-dated maturities.
² MLHY: Merrill Lynch High Yield Master II Index, an Index of all sectors of the non-investment grade bond market.
³ Lipper Income Fund Index: The Index measures performance for funds that generate income using equity securities, bonds, cash, and cash equivalents.
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.
% of Investments
|Ciena Corp. CVB 0.875%
|Symantec Corp. 2.75%
|AstraZeneca PLC 5.9%
|Roper Tech. 1.85%
|Nuance Comm. 2.75%
% of Investments
|Newell Brands Inc 2.05%
|Interpublic Group 2.25%
|Apple Inc. 3.85%
|Nintendo Co. ADR||1.7|
|NetApp Inc. 2.0%
CVB = Convertible Bond, PFD = Preferred
Figures unaudited. For informational purposes only. Holdings are subject to change at any time.
Please visit our dedicated Fund Distributions Page for more information on the Berwyn Income Fund’s quarterly dividends.
Investing in any mutual fund involves risk, including the risk that you may lose all or part of the money you invest. The Fund invests in both fixed income and equity securities. Its investments in fixed-income securities are subject to such risks as: interest rate risk; call risk; default risk; high-yield (junk bond) risk; and unrated bond risk. The Fund also invests in equity securities which carry the potential for unpredictable drops in value and periods of lackluster performance.
Total Net Assets
$1.75 billion (as of 9/30/16)
30-Day SEC Yield
1.93% (as of 9/30/16)
2.19 years (as of 9/30/16)**
* Includes 0.03% of Acquired Fund Fees and Expenses
** Calculated on Fund's bond portfolio, including cash
Minimum Initial Purchase
Chartwell Investment Partners, LLC
1205 Westlakes Drive, Suite 100
Berwyn, PA 19312
Distributed by IMST Distributors, LLC
UMB Fund Services, Inc.
235 W. Galena Street
Milwaukee, WI 53212
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