Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 04/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AMG GW&K Enhanced Core Bond ESG Fund

MFDYX | Fund

$8.83

$40.2 M

4.18%

$0.37

0.75%

Vitals

YTD Return

-2.9%

1 yr return

-1.2%

3 Yr Avg Return

-3.7%

5 Yr Avg Return

0.5%

Net Assets

$40.2 M

Holdings in Top 10

22.4%

52 WEEK LOW AND HIGH

$8.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 86.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

$50,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AMG GW&K Enhanced Core Bond ESG Fund

MFDYX | Fund

$8.83

$40.2 M

4.18%

$0.37

0.75%

MFDYX - Profile

Distributions

  • YTD Total Return -2.9%
  • 3 Yr Annualized Total Return -3.7%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    AMG GW&K Enhanced Core Bond ESG Fund
  • Fund Family Name
    AMG Funds
  • Inception Date
    Nov 30, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Z
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mary Kane

Fund Description

The Fund seeks to achieve its objective by investing in a diversified portfolio of fixed income securities.
Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds. The term “bond” includes any debt or fixed income securities. Up to 20% of the Fund’s assets may be invested in below investment grade securities (commonly known as “junk bonds” or “high yield securities”). Below investment grade securities are rated below Baa3 by Moody’s Investors Service, Inc. (“Moody’s”) or below BBB- by S&P Global Ratings (“S&P”) or similarly rated by another nationally recognized statistical rating organization, or unrated but determined by GW&K Investment Management, LLC, the subadviser to the Fund (“GW&K” or the “Subadviser”), to be of comparable credit quality. In cases where the credit ratings agencies have assigned different credit ratings to the same security, the security will be considered to have the higher credit rating. The Fund may continue to hold securities that are downgraded in credit rating subsequent to their purchase if GW&K believes it would be advantageous to do so. While the Fund may purchase debt  
securities of any duration, the Fund currently intends to primarily invest in debt securities so that the overall duration of the Fund’s portfolio will remain +/- 20% of the duration of its benchmark, the Bloomberg U.S. Aggregate Bond Index. As of February 28, 2023, the duration of the benchmark was 6.26years. The average duration of debt securities in the Fund’s portfolio may, however, be shorter or longer depending on market conditions. 
The Fund may invest in debt securities issued by any of the following: public and private U.S. companies; the U.S. government and its agencies, such as the Federal Home Loan Bank; and state and local governments issuing taxable municipal securities. The Fund may also invest in asset-backed and mortgage-backed debt securities. The Fund may also invest in bonds whose proceeds are reserved for financing the implementation of the United Nations’ Sustainable Development Goals or other sustainable projects. GW&K’s investment process involves fundamental credit research and GW&K’s analysis of how the Fund’s potential investments are affected by material environmental, social and governance (“ESG”) factors. In selecting potential investments for the Fund, GW&K uses top-down research that focuses on managing duration, yield curve, credit quality, volatility and liquidity, as well as bottom-up research that focuses on fundamental analysis, valuation analysis, technical analysis, and ESG factor analysis. GW&K may adjust its assessment of an investment based on a number of considerations. 
GW&K applies its ESG factor analysis as one element of the investment process when selecting debt securities issued by public and private U.S. companies and state and local governments issuing taxable municipal securities, as well as bonds whose proceeds are reserved for financing the implementation of the United Nations’ Sustainable Development Goals or other sustainable projects, but not when selecting debt securities issued by other types of issuers, including but not limited to asset-backed and mortgage-backed debt securities and debt securities issued by the U.S. government and its agencies, such as the Federal Home Loan Bank. GW&K has created its own proprietary ESG Scoring System, which takes into consideration a range of factors, including independent analysis from third parties such as MSCI Inc. and Sustainalytics, as well as its own analysis of material ESG factors. Each of GW&K’s sector specialists generally assesses the materiality of relevant environmental, social and governance metrics to bond issues during the fundamental research process, depending on the sector and for corporate issuers the nature of the company’s business. GW&K uses standards developed by the Sustainable Accounting Standards Board to inform these assessments. Environmental assessment may take into account issues such as carbon emissions, natural resource usage, hazardous waste, chemical safety, water stress and sustainable technology. Social assessment may take into account issues such as human rights, labor relations, employee safety, product safety, data security and community relations. Governance assessment may take into account issues such as business ethics, board quality, board composition, compensation practices, financial reporting and stakeholder governance. 
GW&K recognizes that the relative impact of ESG factors on investment performance may vary across market sector, industries and regions, but the firm believes that responsible corporate behavior with respect to ESG factors can contribute to positive and sustainable long-term financial performance. GW&K seeks to identify issuers that GW&K believes are leaders in their industries in effectively addressing exposure to ESG risks through business practices, policies and programs, or issuers within an industry that have more limited exposure to ESG risks. The goal of the ESG factor analysis is to seek investments with lesser exposure to, or better management of, ESG risks. 
Read More

MFDYX - Performance

Return Ranking - Trailing

Period MFDYX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.9% -12.8% 2.8% 49.85%
1 Yr -1.2% -11.6% 10.7% 37.82%
3 Yr -3.7%* -11.0% 24.6% 49.63%
5 Yr 0.5%* -7.2% 190.5% 26.73%
10 Yr 1.2%* -2.7% 73.3% 52.07%

* Annualized

Return Ranking - Calendar

Period MFDYX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -16.2% 8.1% 26.87%
2022 -16.0% -34.7% 131.9% 48.88%
2021 -2.6% -11.6% 4.4% 18.74%
2020 7.4% -10.1% 946.1% 10.68%
2019 7.6% -1.7% 16.9% 3.90%

Total Return Ranking - Trailing

Period MFDYX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.9% -12.8% 2.8% 49.85%
1 Yr -1.2% -11.6% 10.7% 37.82%
3 Yr -3.7%* -11.0% 24.6% 49.63%
5 Yr 0.5%* -7.2% 190.5% 26.73%
10 Yr 1.2%* -2.7% 73.3% 52.07%

* Annualized

Total Return Ranking - Calendar

Period MFDYX Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -11.3% 11.0% 45.55%
2022 -14.0% -32.2% 131.9% 63.27%
2021 -0.9% -9.4% 9.2% 46.54%
2020 9.6% -1.9% 1009.0% 22.47%
2019 10.6% 1.1% 21668.0% 9.41%

NAV & Total Return History

MFDYX - Holdings

Concentration Analysis

MFDYX Category Low Category High MFDYX % Rank
Net Assets 40.2 M 2.9 M 314 B 94.69%
Number of Holdings 145 1 17889 91.81%
Net Assets in Top 10 9.08 M -106 M 36.5 B 96.75%
Weighting of Top 10 22.45% 4.4% 134.1% 57.84%

Top 10 Holdings

  1. United States Treasury Note/Bond 2.90%
  2. United States Treasury Note/Bond 2.75%
  3. United States Treasury Note/Bond 2.49%
  4. DAIWA CAPITAL MARKETS AMERICA INC 2.47%
  5. RBC DOMINION SECURITIES INC 2.47%
  6. Fannie Mae Pool 2.13%
  7. Fannie Mae Pool 1.95%
  8. Freddie Mac Multifamily Structured Pass Through Certificates 1.85%
  9. Fannie Mae Pool 1.81%
  10. United States Treasury Note/Bond 1.64%

Asset Allocation

Weighting Return Low Return High MFDYX % Rank
Bonds 		99.29% 0.00% 215.98% 23.03%
Other 		6.69% -13.23% 50.66% 33.73%
Stocks 		0.00% 0.00% 99.93% 70.96%
Preferred Stocks 		0.00% 0.00% 74.68% 67.95%
Convertible Bonds 		0.00% 0.00% 7.93% 93.64%
Cash 		0.00% -54.51% 79.52% 96.94%

Bond Sector Breakdown

Weighting Return Low Return High MFDYX % Rank
Corporate 		38.54% 0.00% 100.00% 25.72%
Securitized 		32.79% 0.00% 98.40% 41.81%
Government 		19.81% 0.00% 86.23% 61.37%
Municipal 		5.92% 0.00% 100.00% 6.75%
Derivative 		0.00% -3.37% 50.66% 68.64%
Cash & Equivalents 		0.00% 0.00% 76.23% 97.44%

Bond Geographic Breakdown

Weighting Return Low Return High MFDYX % Rank
US 		99.29% 0.00% 215.98% 20.81%
Non US 		0.00% 0.00% 39.04% 73.08%

MFDYX - Expenses

Operational Fees

MFDYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 39.10% 45.43%
Management Fee 0.30% 0.00% 1.76% 32.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.50% 76.12%

Sales Fees

MFDYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MFDYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

MFDYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 86.00% 2.00% 493.39% 38.01%

MFDYX - Distributions

Dividend Yield Analysis

MFDYX Category Low Category High MFDYX % Rank
Dividend Yield 4.18% 0.00% 10.22% 74.41%

Dividend Distribution Analysis

MFDYX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

MFDYX Category Low Category High MFDYX % Rank
Net Income Ratio 1.57% -1.28% 4.79% 57.68%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MFDYX - Fund Manager Analysis

Managers

Mary Kane

Start Date

Tenure

Tenure Rank

Nov 14, 2012

9.55

9.6%

Mary is responsible for overseeing all aspects of our taxable fixed income team, including portfolio management, research and trading. She is also a member of the firm’s Investment and ESG Committees. Before joining GW&K in 2005, she was a Managing Director and Portfolio Manager with Fortis Investments where she was responsible for all of the firm’s U.S. dollar-denominated taxable bond mutual funds. Prior to that, Mary was a Vice President at Invesco, where she managed various institutional mandates, including several large pensions, endowments and foundations. In this capacity, she also served as a senior high yield credit analyst. She started her investment career as a Fixed Income Trader and Credit Analyst at Gardner and Preston Moss. Mary graduated cum laude from Wheaton College where she earned an AB in Economics and she received her MBA from Boston University’s Questrom School of Business. She is a CFA charterholder and a member of the CFA Institute and the CFA Society Boston.

Stephen Repoff

Start Date

Tenure

Tenure Rank

Dec 04, 2020

1.49

1.5%

Stephen is a portfolio manager across all of GW&K’s Taxable Fixed Income Strategies and is a member of the firm’s Investment Committee. He also provides research coverage for credits in the Energy, Autos, and Home Building sectors. Prior to joining GW&K in 2013, Stephen worked at Fidelity Investments as a High Yield Research Analyst. Stephen graduated Magna Cum Laude from Boston University where he received a BA in Philosophy and a BS in English Education. He received his MSF from Boston College and is a CFA charterholder. Stephen is a member of the CFA Institute and the CFA Society Boston.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.81 1.16

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.