Fund Overview
Share Class
N
NAV | as of 07/22/2021
$22.72+$0.02 (+0.09%)
Morningstar | Style Box
Growth of $10,000 (Hypothetical)
Since Inception 03/25/1994 to 06/30/2021 = $48,458.20
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 or visit our website at amgfunds.com. 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 high income
Why Consider
- May be appropriate for investors seeking a short term high income investment
- Employs a research intensive investment process combining quantitative screening tools with in-depth security specific research
- Manages risk by limiting duration and focusing on the highest quality of non-investment grade corporate bonds
Performance
Performance
Read Important Investment DisclosuresReturns
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 or visit our website at amgfunds.com. 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.
Expense Ratios
- Gross Expense Ratio: 1.78%
- Net Expense Ratio: 0.84%
- Expense Cap Expiration Date: 05/01/2022
Distributions & Pricing
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Calendar Year Distributions
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Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Jun 28, 2021 $0.055300 $0.055300 — — May 26, 2021 $0.061100 $0.061100 — — Apr 28, 2021 $0.039300 $0.039300 — — Mar 29, 2021 $0.026200 $0.026200 — — Dec 9, 2020 $1.888100 $0.480600 $0.320400 $1.087100 Dec 16, 2019 $0.067100 $0.067100 — — Dec 27, 2018 $0.139900 $0.139900 — — Dec 28, 2015 $0.276000 $0.276000 — — Dec 26, 2014 $0.372300 $0.372300 — — Dec 26, 2013 $0.582200 $0.582200 — — Dec 26, 2012 $0.790600 $0.790600 — — Dec 27, 2011 $0.683700 $0.683700 — — Dec 28, 2010 $0.856400 $0.856400 — — Dec 28, 2009 $2.221700 $2.221700 — — Dec 26, 2008 $2.211400 $2.186100 — $0.025300 Dec 26, 2007 $1.435000 $1.426000 $0.009000 — Dec 26, 2006 $0.516000 $0.489000 — $0.027000 Dec 27, 2005 $1.072000 $0.773000 $0.052000 $0.247000 Dec 28, 2004 $1.953000 $1.340000 $0.089000 $0.524000 Dec 26, 2003 $2.620000 $2.090000 $0.360000 $0.170000 Dec 26, 2002 $0.769000 $0.553000 $0.216000 — Dec 26, 2001 $0.250000 — $0.250000 — Dec 26, 2000 $0.124500 $0.124500 — — Dec 28, 1999 $0.710000 $0.480000 $0.230000 — Dec 28, 1998 $2.550000 $1.160000 $1.230000 $0.160000 Dec 26, 1997 $0.510000 $0.170000 $0.340000 — Dec 26, 1996 $1.010000 $0.600000 $0.360000 $0.050000 Sep 25, 1996 $0.200000 $0.200000 — — Jun 25, 1996 $0.050000 $0.050000 — — Mar 26, 1996 $0.020000 $0.020000 — — Dec 26, 1995 $0.290000 $0.290000 — — Sep 26, 1995 $0.300000 $0.300000 — — Jun 27, 1995 $0.300000 $0.300000 — — Mar 28, 1995 $0.080000 $0.080000 — — Dec 30, 1994 $0.360000 $0.360000 — — Sep 27, 1994 $0.100000 $0.100000 — — Jun 27, 1994 $0.150000 $0.150000 — —
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Portfolio & Holdings
Portfolio & Holdings
Top Holdings (Fixed)
As of: 06/30/2021
| General Electric Co Floating Perpetual | 2.38% |
| Starwood Property Trust Inc Fixed | 2.32% |
| Ford Motor Co Fixed | 2.30% |
| Hudbay Minerals Inc Fixed 144A | 2.26% |
| Telecom Italia SpA Fixed 144A | 2.19% |
| Service Properties Trust Fixed | 2.04% |
| Ovintiv Exploration Inc Fixed | 1.98% |
| Apache Corp Fixed | 1.90% |
| Occidental Petroleum Corp Fixed | 1.62% |
| Goodyear Tire & Rubber Co Fixed | 1.61% |
| % in Top 10 Holdings | 20.60% |
Investment Approach
Investment Approach
GW&K High Income Fund
- The Fund invests in a diversified portfolio of short-term, non-investment grade corporate bonds, which have the potential to generate high income and strong total return over the long term while assuming manageable levels of risk
- GW&K believes the short-term segment of the high yield corporate sector provides attractive returns with lower volatility compared to the overall high yield market
- Under normal market conditions, the Fund invests in bonds with maturities less than five years and seeks to target bonds with an average rating of BB
- GW&K employs a research intensive process which seeks out relative value opportunities within the corporate bond universe based on their assessment of macro-economic conditions and sound fundamental credit research
- Uses bottom-up research that focuses on fundamental, valuation, technical and ESG factor analysis
- A strong risk management process is used to achieve portfolio diversification, manage credit risk, and set sector, quality and issuer limits
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.
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View Fund DetailsFounded
1974
Headquarters
Boston, MA
Affiliate Since
2008
Funds to Consider
Discover how the boutique advantage helps generate alpha.
Learn More About AMGPerformance Details
GW&K High Income Fund (MGGBX)
Fund Inception
Fund Inception
The performance shown represents past performance and 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. 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 indicies exclude expenses. Unlike the Fund, the Index listed is unmanaged, is not available for investment and does not incur expenses.
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