GWMIX: AMG GW&K Municipal Bond Fund - MutualFunds.com
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AMG GW&K Municipal Bond I

GWMIX - Snapshot

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return 4.8%
  • 5 Yr Annualized Return 3.0%
  • Net Assets $1.33 B
  • Holdings in Top 10 16.8%

52 WEEK LOW AND HIGH

$12.55
$12.33
$12.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA $25,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Compare GWMIX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.90

+0.07%

$85.72 B

-

$0.00

0.27%

0.17%

$11.26

0.00%

$36.46 B

-

$0.00

0.00%

0.17%

$13.76

0.00%

$26.46 B

-

$0.00

1.03%

0.52%

$117.59

+0.05%

$22.01 B

-

-

0.26%

0.07%

$15.94

0.00%

$21.98 B

-

$0.00

-0.06%

0.17%

GWMIX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AMG GW&K Municipal Bond Fund
  • Fund Family Name
    AMG Funds
  • Inception Date
    Jun 30, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Martin Tourigny

Fund Description

The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that are exempt from federal income tax. It has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 6 to 12 years.


GWMIX - Performance

Return Ranking - Trailing

Period GWMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -2.2% 7.6% 69.55%
1 Yr 3.4% -1.3% 22.3% 73.16%
3 Yr 4.8%* 0.3% 10.0% 29.28%
5 Yr 3.0%* -0.6% 7.8% 44.65%
10 Yr 4.0%* -0.2% 9.6% 38.56%

* Annualized

Return Ranking - Calendar

Period GWMIX Return Category Return Low Category Return High Rank in Category (%)
2020 2.8% -2.8% 310.0% 9.59%
2019 5.5% -0.3% 15.4% 9.64%
2018 -1.0% -10.3% 97.2% 16.56%
2017 3.1% -100.0% 7.6% 11.79%
2016 -3.9% -7.9% 96.8% 87.20%

Total Return Ranking - Trailing

Period GWMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -2.2% 7.6% 69.49%
1 Yr 3.4% -5.4% 22.3% 57.13%
3 Yr 4.8%* -1.7% 10.0% 24.96%
5 Yr 3.0%* -1.8% 7.8% 36.82%
10 Yr 4.0%* -0.4% 9.6% 35.24%

* Annualized

Total Return Ranking - Calendar

Period GWMIX Return Category Return Low Category Return High Rank in Category (%)
2020 2.8% -2.8% 310.0% 9.59%
2019 5.9% -0.3% 15.4% 7.59%
2018 0.9% -10.3% 11.0% 3.48%
2017 4.8% -100.0% 7.6% 2.46%
2016 -0.7% -7.9% 3.0% 6.07%

NAV & Total Return History


GWMIX - Holdings

Concentration Analysis

GWMIX Category Low Category High GWMIX % Rank
Net Assets 1.33 B 907 K 85.7 B 24.96%
Number of Holdings 173 3 11766 65.91%
Net Assets in Top 10 223 M -241 M 4.15 B 20.26%
Weighting of Top 10 16.77% 2.3% 100.0% 52.83%

Top 10 Holdings

  1. TEXAS ST 4% 4.34%
  2. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 2.00%
  3. WISCONSIN ST TRANSN REV 5% 1.92%
  4. MARYLAND ST 5% 1.71%
  5. NORTH CAROLINA ST LTD OBLIG 5% 1.43%
  6. IOWA FIN AUTH REV 5% 1.42%
  7. METROPOLITAN TRANSN AUTH N Y REV 5% 1.34%
  8. CALIFORNIA ST 5% 1.18%
  9. MARYLAND ST DEPT TRANSN CONS TRANSN 5% 1.15%
  10. PRIVATE COLLEGES & UNIVS AUTH GA REV 5% 1.15%

Asset Allocation

Weighting Return Low Return High GWMIX % Rank
Bonds
93.33% 65.18% 145.79% 85.49%
Cash
6.67% -45.79% 34.82% 14.00%
Stocks
0.00% -0.06% 2.34% 11.43%
Preferred Stocks
0.00% -0.94% 1.06% 7.97%
Other
0.00% -13.58% 30.00% 10.93%
Convertible Bonds
0.00% 0.00% 1.29% 7.97%

Bond Sector Breakdown

Weighting Return Low Return High GWMIX % Rank
Municipal
93.33% 42.61% 100.00% 82.81%
Cash & Equivalents
6.67% 0.00% 34.82% 14.85%
Derivative
0.00% 0.00% 0.85% 7.68%
Securitized
0.00% 0.00% 7.07% 10.13%
Corporate
0.00% 0.00% 15.60% 23.39%
Government
0.00% 0.00% 50.29% 14.80%

Bond Geographic Breakdown

Weighting Return Low Return High GWMIX % Rank
US
93.33% 65.18% 141.11% 70.75%
Non US
0.00% 0.00% 23.68% 79.97%

GWMIX - Expenses

Operational Fees

GWMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.01% 16.95% 88.54%
Management Fee 0.21% 0.00% 1.12% 6.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.47% 56.47%

Sales Fees

GWMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

GWMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GWMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 0.00% 299.40% 34.70%

GWMIX - Distributions

Dividend Yield Analysis

GWMIX Category Low Category High GWMIX % Rank
Dividend Yield 0.00% 0.00% 1.75% 13.47%

Dividend Distribution Analysis

GWMIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GWMIX Category Low Category High GWMIX % Rank
Net Income Ratio 1.57% -1.65% 5.71% 81.01%

Capital Gain Distribution Analysis

GWMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

GWMIX - Fund Manager Analysis

Managers

Martin Tourigny


Start Date

Tenure

Tenure Rank

Jun 30, 2009

11.93

11.9%

Marty is a senior member of the Municipal Bond team at GW&K responsible for portfolio management. He is also a member of the firm’s Investment and Management Committees. Prior to joining GW&K in 1994, he was employed by Mutual Fund Services Company as a Senior Fund Accountant. Marty received his BA in Economics from Boston College in 1991, and Masters in International Economics from Suffolk University in 2002. He is a CFA charterholder and is a member of the CFA Institute, the CFA Society Boston, the Boston Security Analysts Society, the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts.

Nancy Angell


Start Date

Tenure

Tenure Rank

Jun 30, 2009

11.93

11.9%

Nancy began her career at GW&K in 1984 and quickly became an integral member of the firm’s Municipal Bond team. She was appointed Co-Director of Fixed Income in 2001, responsible for overseeing all aspects of our management of fixed income assets, including portfolio management, research, and trading. Nancy continues in her role as portfolio manager for all of the firm’s municipal bond strategies. Nancy is a member of the firm’s Management, Investment and ESG Committees. Nancy graduated cum laude from Duke University in 1983 where she received an AB in Economics, and received her MBA with high honors in Finance from Boston University in 1989. She is a member of the CFA Institute, the CFA Society Boston, the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts. Nancy sits on the Advisory Committee of Challenge Unlimited at Ironstone Farm.

John Fox


Start Date

Tenure

Tenure Rank

Jun 30, 2009

11.93

11.9%

John joined GW&K as a member of our Municipal Bond team in 1990 after graduating college and was promoted to portfolio manager in 1995. John was appointed Co-Director of Fixed Income in 2001, responsible for overseeing all aspects of our fixed income operation, including portfolio management, research, and trading. John continues in his role as portfolio manager for all of the firm’s municipal bond strategies. John is a partner in the firm and is also a member of the firm’s Management Committee and Investment Committee. John received a BA in Economics from Boston College and an MBA from Boston University. He is a CFA charterholder and is a member of the CFA Institute, the CFA Society Boston, the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.19 7.08 0.58