GW&K ESG Bond Fund  (MGBIX)

Fund Notice

Effective March 19, 2021, the subadviser of AMG Managers Loomis Sayles Bond Fund (the "Fund") changed from Loomis, Sayles & Company, L.P. to GW&K Investment Management, LLC ("GW&K"). The appointment of GW&K is pursuant to an interim subadvisory agreement in anticipation of shareholder approval of a definitive subadvisory agreement. Also effective March 19, 2021, the Fund changed its name to AMG GW&K ESG Bond Fund and changed its investment objective, principal investment strategies and principal risks. For more information regarding these and other changes to the Fund, please see the Fund's prospectus.

This is part of a larger strategic business initiative to transition to a fund lineup entirely sub-advised by AMG Affiliates. We believe clients will benefit from a streamlined platform wholly focused on AMG Affiliates’ high-conviction investment offerings, including fee reductions, subject to shareholder approval, across all the strategies involved in the transition. Please see this Fund’s prospectus for further details on the fee reduction.

Fund Overview

Fund Overview

Share Class

I

  • I

NAV | as of 04/14/2021

$25.43
-$0.01 (-0.04%)

Morningstar | Style Box

L M E H M L

Overall Morningstar Rating


Rated against 540 Intermediate Core-Plus Bond funds as of 03/31/2021

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 04/01/2013 to 03/31/2021 = $13,252.46

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Objective

The Fund seeks to generate income and capital appreciation by primarily investing in a diversified portfolio of fixed income securities.

Why Consider

  • Provides investors with exposure to a diversified portfolio of fixed income securities
  • Invests in companies that GW&K believes are leaders in effectively addressing exposure to ESG risks through robust business practices, policies and programs or companies that have more limited exposure to ESG risks.
  • The Fund employs a multi-sector approach designed to take advantage of the relative valuations among distinct bond sectors and provide greater opportunities to generate income and capital appreciation, while helping to manage risk in changing economic environments
Mary F. Kane, CFA

Mary F. Kane, CFA

Partner and Portfolio Manager

See Our Approach Read Bio
Stephen J. Repoff, CFA

Stephen J. Repoff, CFA

Principal, Portfolio Manager

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 0.51%
  • Net Expense Ratio: 0.50%
  • Expense Cap Expiration Date: 05/01/2021

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Mar 29, 2021 $1.864800 $0.064900 $1.799900
      Feb 24, 2021 $0.062500 $0.062500
      Jan 27, 2021 $0.077900 $0.077900
      Dec 16, 2020 $0.131800 $0.064200 $0.067600
      Nov 25, 2020 $0.074800 $0.074800
      Oct 28, 2020 $0.084200 $0.084200
      Sep 28, 2020 $0.081700 $0.081700
      Aug 27, 2020 $0.080900 $0.080900
      Jul 29, 2020 $0.086100 $0.086100
      Jun 26, 2020 $0.084600 $0.084600
      May 27, 2020 $0.084100 $0.084100
      Apr 28, 2020 $0.074100 $0.074100
      Mar 27, 2020 $0.076100 $0.076100
      Feb 26, 2020 $0.070000 $0.070000
      Jan 29, 2020 $0.078100 $0.078100
      Dec 16, 2019 $0.245800 $0.082800 $0.163000
      Nov 26, 2019 $0.083900 $0.083900
      Oct 29, 2019 $0.074800 $0.074800
      Sep 26, 2019 $0.078900 $0.078900
      Aug 28, 2019 $0.080800 $0.080800
      Jul 29, 2019 $0.083900 $0.083900
      Jun 26, 2019 $0.084900 $0.084900
      May 29, 2019 $0.088900 $0.088900
      Apr 26, 2019 $0.111400 $0.111400
      Mar 27, 2019 $0.103700 $0.103700
      Feb 26, 2019 $0.072000 $0.072000
      Jan 29, 2019 $0.083400 $0.083400
      Dec 27, 2018 $0.264900 $0.074900 $0.000300 $0.189700
      Nov 28, 2018 $0.074400 $0.074400
      Oct 29, 2018 $0.071900 $0.071900
      Sep 26, 2018 $0.062100 $0.062100
      Aug 29, 2018 $0.067500 $0.067500
      Jul 27, 2018 $0.069900 $0.069900
      Jun 27, 2018 $0.070000 $0.070000
      May 29, 2018 $0.072500 $0.072500
      Apr 26, 2018 $0.070000 $0.070000
      Mar 27, 2018 $0.067500 $0.067500
      Feb 26, 2018 $0.062500 $0.062500
      Jan 29, 2018 $0.066000 $0.066000
      Dec 27, 2017 $0.289600 $0.133300 $0.023000 $0.133300
      Nov 27, 2017 $0.065000 $0.065000
      Oct 26, 2017 $0.055000 $0.055000
      Sep 26, 2017 $0.075000 $0.075000
      Aug 28, 2017 $0.072500 $0.072500
      Jul 26, 2017 $0.072500 $0.072500
      Jun 27, 2017 $0.070300 $0.070300
      May 25, 2017 $0.063900 $0.063900
      Apr 25, 2017 $0.066400 $0.066400
      Mar 28, 2017 $0.068900 $0.068900
      Feb 23, 2017 $0.074000 $0.074000
      Jan 26, 2017 $0.081400 $0.081400
      Dec 27, 2016 $0.449100 $0.107000 $0.052000 $0.290100
      Nov 25, 2016 $0.083900 $0.083900
      Oct 26, 2016 $0.091300 $0.091300
      Sep 27, 2016 $0.087500 $0.087500
      Aug 26, 2016 $0.080000 $0.080000
      Jul 26, 2016 $0.080000 $0.080000
      Jun 27, 2016 $0.087500 $0.087500
      May 25, 2016 $0.087500 $0.087500
      Apr 26, 2016 $0.080000 $0.080000
      Mar 28, 2016 $0.075000 $0.075000
      Feb 24, 2016 $0.065000 $0.065000
      Jan 26, 2016 $0.059000 $0.059000
      Dec 28, 2015 $0.470100 $0.090800 $0.022700 $0.356600
      Nov 24, 2015 $0.070000 $0.070000
      Oct 27, 2015 $0.070000 $0.070000
      Sep 25, 2015 $0.059000 $0.059000
      Aug 26, 2015 $0.059000 $0.059000
      Jul 28, 2015 $0.057500 $0.057500
      Jun 25, 2015 $0.028300 $0.028300
      May 26, 2015 $0.057500 $0.057500
      Apr 27, 2015 $0.064300 $0.064300
      Mar 26, 2015 $0.059500 $0.059500
      Feb 24, 2015 $0.057800 $0.057800
      Jan 27, 2015 $0.066200 $0.066200
      Dec 26, 2014 $0.284500 $0.105900 $0.178600
      Nov 24, 2014 $0.062100 $0.062100
      Oct 28, 2014 $0.060000 $0.060000
      Sep 25, 2014 $0.062700 $0.062700
      Aug 26, 2014 $0.066600 $0.066600
      Jul 28, 2014 $0.071000 $0.071000
      Jun 25, 2014 $0.067500 $0.067500
      May 27, 2014 $0.073000 $0.073000
      Apr 25, 2014 $0.076500 $0.076500
      Mar 26, 2014 $0.077500 $0.077500
      Feb 25, 2014 $0.075000 $0.075000
      Jan 28, 2014 $0.079000 $0.079000
      Dec 26, 2013 $0.092500 $0.092500
      Nov 25, 2013 $0.090000 $0.090000
      Oct 28, 2013 $0.077500 $0.077500
      Sep 25, 2013 $0.082500 $0.082500
      Aug 27, 2013 $0.075000 $0.075000
      Jul 26, 2013 $0.065000 $0.065000
      Jun 25, 2013 $0.070000 $0.070000
      May 28, 2013 $0.087500 $0.087500
      Apr 25, 2013 $0.070000 $0.070000

Risk & Return Stats

As of: 03/31/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Fixed)

As of: 03/31/2021

United States Treasury Note/Bond Fixed 4.74%
Freddie Mac Pool SD8045 Fixed 2.93%
Fannie Mae Pool MA3745 Fixed 2.86%
Freddie Mac Pool SD8142 Fixed 2.55%
Freddie Mac Pool ZT1817 Fixed 2.23%
Fannie Mae Pool FM3375 Fixed 2.14%
Fannie Mae Pool MA4305 Fixed 2.13%
Fannie Mae Pool FM6468 Fixed 2.09%
Freddie Mac Pool RC1890 Fixed 2.08%
Fannie Mae Pool MA3384 Fixed 2.01%
% in Top 10 Holdings 25.76%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Fixed)

As of: 03/31/2021

Investment Approach

Investment Approach

GW&K ESG Bond Fund

GW&K believes that a multi-sector approach takes advantage of the relative valuations among distinct bond sectors and provides greater opportunities to generate income and capital appreciation, while helping to manage risk in changing economic environments. The Fund invests in a diversified portfolio of fixed income securities. When deciding which securities to buy or sell, typically, GW&K:

  • Incorporates ESG factors among many other fundamental, technical and valuation factors
  • Seeks companies that maintain sustainable competitive advantages and expect to benefit from emerging cyclical or secular drivers
  • Seeks to identify companies that are undervalued due to temporary or discrete events
  • Identifies companies that it believes are leaders in effectively addressing exposure to ESG risks through robust business practices, policies and programs or companies that have more limited exposure to ESG risks
  • Uses top-down research that focuses on managing: duration, yield curve, credit quality, volatility and liquidity
  • Uses bottom-up research that focuses on: fundamental analysis, valuation analysis and technical analysis

GW&K ESG Bond Fund Introduction

 
An introduction to GW&K Investment Management and the AMG GW&K ESG Bond Fund
Read More

About

About GW&K Investment Management

Background

GW&K Investment Management is a dynamic investment management firm that offers asset allocation, active equity and fixed income investment solutions to help meet the needs of a diverse client base. GW&K’s founding principles of applying rigorous fundamental research, focusing on quality and maintaining a long-term view still guide its investment process today.

Learn More

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Founded

1974


Headquarters

Boston, MA


Affiliate Since

2008

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