Fund Overview
Share Class
Z
NAV | as of 12/02/2020
$14.87-$0.02 (-0.13%)
Morningstar | Style Box
Overall Morningstar Rating
Rated against 697 Diversified Emerging Mkts funds as of 10/31/2020
View Morningstar Details
Growth of $10,000 (Hypothetical)
Since Inception 03/19/2015 to 10/31/2020 = $15,544.92
Performance shown for periods prior to January 31, 2019 reflects the performance of the Fund's previous subadviser, Trilogy Global Advisors, L.P. As of January 31, 2019, the Fund's subadviser was changed to GW&K Investment Management, LLC.
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
Seeks to provide long-term capital appreciation by investing in emerging market companies and developed market companies that have emerging markets revenue exposure.
Why Consider
- May be appropriate for investors looking to gain exposure to emerging market equity investments
- Employs a bottom-up, growth-oriented, fundamental investment approach, targeting both early stage and traditional growth companies within emerging market countries, or developed market companies with revenue exposure to emerging markets
- Input and constant interaction of experienced global sectors analysts help build the Fund’s portfolio
Performance
Performance
Read Important Investment DisclosuresReturns
Performance shown for periods prior to January 31, 2019 reflects the performance of the Fund's previous subadviser, Trilogy Global Advisors, L.P. As of January 31, 2019, the Fund's subadviser was changed to GW&K Investment Management, LLC.
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: 0.94%
- Net Expense Ratio: 0.94%
- Expense Cap Expiration Date: N/A
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 Dec 16, 2019 $0.385000 $0.112500 — $0.272500 Dec 27, 2018 $0.525900 $0.086600 — $0.439300 Dec 27, 2017 $0.777600 $0.087600 — $0.690000 Dec 27, 2016 $0.080100 $0.080100 — — Dec 28, 2015 $0.025500 $0.025500 — —
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Portfolio & Holdings
Portfolio & Holdings
Top Holdings (Equity)
As of: 09/30/2020
| Alibaba Group Holding Ltd ADR | 9.87% |
| Trip.com Group Ltd ADR | 5.00% |
| Sands China Ltd | 4.95% |
| QUALCOMM Inc | 4.74% |
| HDFC Bank Ltd ADR | 4.46% |
| Yum China Holdings Inc | 4.22% |
| Infineon Technologies AG | 4.12% |
| Ping An Insurance Group Co of China Ltd, Class H | 3.71% |
| AIA Group Ltd | 3.65% |
| Kotak Mahindra Bank Ltd | 2.95% |
| % in Top 10 Holdings | 47.67% |
Investment Approach
Investment Approach
AMG GW&K Emerging Wealth Equity Fund
The Fund generally invests in emerging market companies and developed market companies that have emerging markets revenue exposure. The Fund's portfolio will normally allocate its investments across different countries to total approximately 60 to 100 securities. To gain exposure to foreign investments, the Fund may also invest in ADRs (American Depositary Receipts), GDRs (Global Depositary Receipts) and other depositary receipts of non-U.S. issuers. GW&K, the Fund's subadvisor, uses a bottom-up investment process driven by fundamental research, applying the following core principles to identify investments for the portfolio:
- Earnings growth drives equity returns over the long term
- Early-stage and traditional growth companies provide the greatest opportunity
- Risk management, with respect to the Fund's portfolio, should focus on avoiding losing money, rather than minimizing tracking error against the benchmark
- A disciplined investment process requires consistently identifying opportunities, evaluating potential returns and responding with timely buy/sell decisions
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 MoreMore Funds From GW&K Investment Management
MBGVX
GW&K Core Bond ESG Fund
The Fund seeks to generate income and capital appreciation by primarily investing in a diversified portfolio of fixed income securities.
View Fund DetailsTLEVX
GW&K Emerging Markets Equity Fund
Seeks to provide long-term capital appreciation by investing in companies located in emerging market countries.
View Fund DetailsMFDAX
GW&K Enhanced Core Bond ESG Fund
The Fund seeks to generate income and capital appreciation by primarily investing in a diversified portfolio of fixed income securities.
View Fund DetailsMBEAX
GW&K Global Allocation Fund
Long-term capital appreciation and moderate current income
View Fund DetailsGWMTX
GW&K Municipal Bond Fund
The Fund seeks to provide current income, exempt from federal income tax, and capital preservation by primarily investing in a portfolio of high-quality municipal bonds.
View Fund DetailsGWMNX
GW&K Municipal Enhanced Yield Fund
The Fund seeks to provide a high level of current income that is exempt from federal income taxes by primarily investing in municipal bonds.
View Fund DetailsGWETX
GW&K Small Cap Core Fund
The Fund seeks to provide long-term capital appreciation by primarily investing in U.S. small cap stocks.
View Fund DetailsGWGIX
GW&K Small/Mid Cap Fund
The Fund seeks to provide long-term capital appreciation by primarily investing in small to mid cap stocks exhibiting growth and value characteristics.
View Fund DetailsFounded
1974
Headquarters
Boston, MA
Affiliate Since
2008
Funds to Consider
Discover how AMG Funds brings more than 70 products from over 25 independent boutiques together under one flag.
Learn More About AMG FundsPerformance Details
GW&K Emerging Wealth Equity Fund (TYWIX)
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.
Read Important Investment DisclosuresAll Characteristics & Stats
GW&K Emerging Wealth Equity Fund (TYWIX)
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