PHILADELPHIA – July 30, 2021 – FS Investments, a leading alternative investment manager, announced today that the Chiron Capital Allocation Fund and Chiron SMid Opportunities Fund will be renamed FS Chiron Capital Allocation Fund and FS Chiron SMid Opportunities Fund.
FS Investments acquired Chiron Investment Management in March 2020. The “FS Chiron” name change reflects the significant progress made integrating Chiron’s investment framework, dynamic portfolio construction and asset allocation capabilities with FS’s deep expertise in alternatives.
While the names will change, each fund’s management team, investment objective, strategy and active management approach rooted in quantitative analytics and fundamental research will remain the same.
Since FS acquired Chiron last year, the funds have delivered strong returns for investors. The FS Chiron Capital Allocation Fund had a 5-star overall Morningstar Rating based on risk-adjusted returns out of 415 funds in the World Allocation category as of June 30, 2021, while the FS Chiron SMid Opportunities Fund’s returns were 13.47% year-to-date as of July 20, 2021. As of June 30, 2021, the FS Chiron SMid Opportunities Fund’s 1-year performance was 56.76%, the fund’s 3-year performance was 11.37% and the fund’s since inception (10/2/17) performance was 11.96%.
“While internally we have operated as a single firm for well over a year now, we are excited to officially announce the name change to the market,” said Ryan Caldwell, Managing Director at FS Investments and Chief Investment Officer of Chiron Investment Management. “We believe our combined, fully integrated resources will help us continue to deliver strong returns for our investors.”
“The name changes symbolize the benefits FS and Chiron have already seen from our unified platform as we serve a diversified client base across wirehouses, RIAs and the independent community,” added Enrico Gaglioti, Co-President of FS Investments. “Our diversified platform offers investment expertise in domestic and global markets, both private and public, both in credit and equities, offering significant value to advisors.”
About FS Investments
FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm provides access to alternative sources of income and growth, and focuses on setting industry standards for investor protection, education and transparency.
FS Investments is headquartered in Philadelphia, PA, with offices in New York, NY, Orlando, FL, and Leawood, KS. Visit www.fsinvestments.com to learn more.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be higher or lower. The investment return 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. For the most recent month’s end performance, view the fact sheet or visit fsinvestments.com.
© 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For the three-year period, FS Chiron Capital Allocation Fund was rated against 415 funds in the World Allocation Morningstar category and received five stars. For the five-year period, FS Chiron Capital Allocation Fund was rated against 362 funds in the World Allocation Morningstar category and received five stars.
Morningstar ratings are specific metrics of performance and do not represent absolute performance of any fund. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. The Fund’s other share classes may have different performance characteristics.
To determine if the Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk, charges and expenses. This and other information can be found in the Fund (full and summary) prospectus, which can be obtained by calling 877‑628‑8575 or by visiting www.fsinvestments.com. Please read the prospectus carefully before investing.
RISK FACTORS
Investing involves risk, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility and lower trading volume; international investments may involve risk or capital loss from unfavorable fluctuation in currency values, differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to these factors as well as increased volatility and lower trading volume. REIT investments are subject to changes in economic conditions, credit risk and interest rate fluctuations. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. There is no assurance that the Fund will meet its objective.
NOT A DEPOSIT NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
FS Chiron Funds are distributed by SEI Investments Distribution Co. (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456. SIDCO is not affiliated with Chiron Investment Management, LLC.or FS Investments.
© 2021 FS Investments www.fsinvestments.com