Fund Overview
Share Class
N
NAV | as of 07/22/2021
$10.80+$0.01 (+0.09%)
Morningstar | Style Box
Overall Morningstar Rating
Rated against 550 Intermediate Core-Plus Bond funds as of 06/30/2021
View Morningstar Details
Growth of $10,000 (Hypothetical)
Since Inception 01/02/1997 to 06/30/2021 = $35,673.52
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
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. 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: 1.06%
- Net Expense Ratio: 0.73%
- 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 $0.012600 $0.012600 — — May 26, 2021 $0.012000 $0.012000 — — Apr 28, 2021 $0.012100 $0.012100 — — Mar 29, 2021 $0.013100 $0.013100 — — Feb 24, 2021 $0.012600 $0.012600 — — Jan 27, 2021 $0.015200 $0.015200 — — Dec 16, 2020 $0.013000 $0.013000 — — Nov 25, 2020 $0.013900 $0.013900 — — Oct 28, 2020 $0.014900 $0.014900 — — Sep 28, 2020 $0.014600 $0.014600 — — Aug 27, 2020 $0.015000 $0.015000 — — Jul 29, 2020 $0.014500 $0.014500 — — Jun 26, 2020 $0.017400 $0.017400 — — May 27, 2020 $0.017900 $0.017900 — — Apr 28, 2020 $0.017000 $0.017000 — — Mar 27, 2020 $0.019500 $0.019500 — — Feb 26, 2020 $0.018600 $0.018600 — — Jan 29, 2020 $0.019700 $0.019700 — — Dec 16, 2019 $0.023700 $0.023700 — — Nov 26, 2019 $0.017900 $0.017900 — — Oct 29, 2019 $0.017900 $0.017900 — — Sep 26, 2019 $0.018900 $0.018900 — — Aug 28, 2019 $0.020000 $0.020000 — — Jul 29, 2019 $0.021400 $0.021400 — — Jun 26, 2019 $0.021000 $0.021000 — — May 29, 2019 $0.021900 $0.021900 — — Apr 26, 2019 $0.022000 $0.022000 — — Mar 27, 2019 $0.022500 $0.022500 — — Feb 26, 2019 $0.020700 $0.020700 — — Jan 29, 2019 $0.020000 $0.020000 — — Dec 27, 2018 $0.022700 $0.022700 — — Nov 28, 2018 $0.019600 $0.019600 — — Oct 29, 2018 $0.020500 $0.020500 — — Sep 26, 2018 $0.019500 $0.019500 — — Aug 29, 2018 $0.019600 $0.019600 — — Jul 27, 2018 $0.021000 $0.021000 — — Jun 27, 2018 $0.019500 $0.019500 — — May 29, 2018 $0.019500 $0.019500 — — Apr 26, 2018 $0.017500 $0.017500 — — Mar 27, 2018 $0.019400 $0.019400 — — Feb 26, 2018 $0.018200 $0.018200 — — Jan 29, 2018 $0.016900 $0.016900 — — Dec 27, 2017 $0.021000 $0.021000 — — Nov 27, 2017 $0.017900 $0.017900 — — Oct 26, 2017 $0.017900 $0.017900 — — Sep 26, 2017 $0.017900 $0.017900 — — Aug 28, 2017 $0.017900 $0.017900 — — Jul 26, 2017 $0.017900 $0.017900 — — Jun 27, 2017 $0.019400 $0.019400 — — May 25, 2017 $0.019400 $0.019400 — — Apr 25, 2017 $0.020000 $0.020000 — — Mar 28, 2017 $0.019900 $0.019900 — — Feb 23, 2017 $0.014600 $0.014600 — — Jan 26, 2017 $0.016900 $0.016900 — — Dec 27, 2016 $0.020000 $0.020000 — — Nov 25, 2016 $0.019900 $0.019900 — — Oct 26, 2016 $0.017800 $0.017800 — — Sep 27, 2016 $0.017900 $0.017900 — — Aug 26, 2016 $0.019800 $0.019800 — — Jul 26, 2016 $0.019800 $0.019800 — — Jun 27, 2016 $0.017900 $0.017900 — — May 25, 2016 $0.017900 $0.017900 — — Apr 26, 2016 $0.017900 $0.017900 — — Mar 28, 2016 $0.017900 $0.017900 — — Feb 24, 2016 $0.018100 $0.018100 — — Jan 26, 2016 $0.019000 $0.019000 — — Dec 28, 2015 $0.024600 $0.024600 — — Nov 24, 2015 $0.022900 $0.022900 — — Oct 27, 2015 $0.021900 $0.021900 — — Sep 25, 2015 $0.021900 $0.021900 — — Aug 26, 2015 $0.023700 $0.023700 — — Jul 28, 2015 $0.023800 $0.023800 — — Jun 25, 2015 $0.025400 $0.025400 — — May 26, 2015 $0.023800 $0.023800 — — Apr 27, 2015 $0.025100 $0.025100 — — Mar 26, 2015 $0.026300 $0.026300 — — Feb 24, 2015 $0.026500 $0.026500 — — Jan 27, 2015 $0.024300 $0.024300 — — Dec 26, 2014 $0.024600 $0.024600 — — Nov 24, 2014 $0.024400 $0.024400 — — Oct 28, 2014 $0.024600 $0.024600 — — Sep 25, 2014 $0.024300 $0.024300 — — Aug 26, 2014 $0.024100 $0.024100 — — Jul 28, 2014 $0.023400 $0.023400 — — Jun 25, 2014 $0.022900 $0.022900 — — May 27, 2014 $0.024800 $0.024800 — — Apr 25, 2014 $0.025900 $0.025900 — — Mar 26, 2014 $0.025300 $0.025300 — — Feb 25, 2014 $0.025200 $0.025200 — — Jan 28, 2014 $0.022800 $0.022800 — — Dec 26, 2013 $1.084100 $0.036100 $0.048500 $0.999500 Nov 25, 2013 $0.026200 $0.026200 — — Oct 28, 2013 $0.022600 $0.022600 — — Sep 25, 2013 $0.016200 $0.016200 — — Aug 27, 2013 $0.015200 $0.015200 — — Jul 26, 2013 $0.014700 $0.014700 — — Jun 25, 2013 $0.015400 $0.015400 — — May 28, 2013 $0.022600 $0.022600 — — Apr 25, 2013 $0.017600 $0.017600 — — Mar 25, 2013 $0.020100 $0.020100 — — Feb 25, 2013 $0.017800 $0.017800 — — Jan 28, 2013 $0.037600 $0.037600 — — Dec 26, 2012 $0.156800 $0.047500 $0.001400 $0.107900 Nov 27, 2012 $0.032600 $0.032600 — — Oct 26, 2012 $0.036000 $0.036000 — — Sep 25, 2012 $0.036100 $0.036100 — — Aug 28, 2012 $0.040100 $0.040100 — — Jul 26, 2012 $0.036100 $0.036100 — — Jun 26, 2012 $0.042700 $0.042700 — — May 25, 2012 $0.055100 $0.055100 — — Apr 25, 2012 $0.035200 $0.035200 — — Mar 27, 2012 $0.032600 $0.032600 — — Feb 24, 2012 $0.041200 $0.041200 — — Jan 26, 2012 $0.040200 $0.040200 — — Dec 27, 2011 $0.244200 $0.069400 — $0.174800 Nov 25, 2011 $0.055200 $0.055200 — — Oct 26, 2011 $0.037700 $0.037700 — — Sep 27, 2011 $0.028300 $0.028300 — — Aug 26, 2011 $0.037600 $0.037600 — — Jul 26, 2011 $0.037600 $0.037600 — — Jun 27, 2011 $0.037600 $0.037600 — — May 25, 2011 $0.040100 $0.040100 — — Apr 26, 2011 $0.038300 $0.038300 — — Mar 28, 2011 $0.040100 $0.040100 — — Feb 23, 2011 $0.040400 $0.040400 — — Jan 26, 2011 $0.042600 $0.042600 — — Dec 28, 2010 $0.052800 $0.052800 — — Nov 24, 2010 $0.036600 $0.036600 — — Oct 26, 2010 $0.036100 $0.036100 — — Sep 27, 2010 $0.036200 $0.036200 — — Aug 26, 2010 $0.036200 $0.036200 — — Jul 27, 2010 $0.038200 $0.038200 — — Jun 25, 2010 $0.036300 $0.036300 — — May 25, 2010 $0.037700 $0.037700 — — Apr 27, 2010 $0.037800 $0.037800 — — Mar 26, 2010 $0.037700 $0.037700 — — Feb 23, 2010 $0.038000 $0.038000 — — Jan 26, 2010 $0.037800 $0.037800 — — Dec 28, 2009 $0.042600 $0.042600 — — Nov 24, 2009 $0.042900 $0.042900 — — Oct 27, 2009 $0.042800 $0.042800 — — Sep 25, 2009 $0.037900 $0.037900 — — Aug 26, 2009 $0.032900 $0.032900 — — Jul 28, 2009 $0.048100 $0.048100 — — Jun 25, 2009 $0.048100 $0.048100 — — May 26, 2009 $0.053100 $0.053100 — — Apr 27, 2009 $0.048200 $0.048200 — — Mar 26, 2009 $0.033200 $0.033200 — — Feb 24, 2009 $0.030800 $0.030800 — — Jan 27, 2009 $0.048100 $0.048100 — — Dec 26, 2008 $0.046700 $0.046700 — — Nov 24, 2008 $0.050800 $0.050800 — — Oct 28, 2008 $0.038100 $0.038100 — — Sep 25, 2008 $0.048000 $0.048000 — — Aug 26, 2008 $0.050400 $0.050400 — — Jul 28, 2008 $0.047900 $0.047900 — — Jun 25, 2008 $0.047900 $0.047900 — — May 27, 2008 $0.034300 $0.034300 — — Apr 25, 2008 $0.047800 $0.047800 — — Mar 26, 2008 $0.042800 $0.042800 — — Feb 26, 2008 $0.038000 $0.038000 — — Jan 28, 2008 $0.047800 $0.047800 — — Dec 26, 2007 $0.068100 $0.068100 — — Nov 27, 2007 $0.052800 $0.052800 — — Oct 26, 2007 $0.047800 $0.047800 — — Sep 25, 2007 $0.047900 $0.047900 — — Aug 28, 2007 $0.047800 $0.047800 — — Jul 26, 2007 $0.042800 $0.042800 — — Jun 26, 2007 $0.043000 $0.043000 — — May 25, 2007 $0.048800 $0.048800 — — Apr 25, 2007 $0.047900 $0.047900 — — Mar 27, 2007 $0.042800 $0.042800 — — Feb 23, 2007 $0.043000 $0.043000 — — Jan 26, 2007 $0.042600 $0.042600 — — Dec 26, 2006 $0.052800 $0.052800 — — Nov 27, 2006 $0.042900 $0.042900 — — Oct 26, 2006 $0.047800 $0.047800 — — Sep 26, 2006 $0.042900 $0.042900 — — Aug 28, 2006 $0.047800 $0.047800 — — Jul 26, 2006 $0.044000 $0.044000 — — Jun 27, 2006 $0.042900 $0.042900 — — May 25, 2006 $0.041900 $0.041900 — — Apr 25, 2006 $0.039900 $0.039900 — — Mar 28, 2006 $0.040800 $0.040800 — — Feb 23, 2006 $0.038000 $0.038000 — — Jan 26, 2006 $0.037800 $0.037800 — — Dec 27, 2005 $0.069000 $0.069000 — — Nov 25, 2005 $0.047900 $0.047900 — — Oct 26, 2005 $0.047800 $0.047800 — — Sep 27, 2005 $0.047800 $0.047800 — — Aug 26, 2005 $0.044300 $0.044300 — — Jul 26, 2005 $0.042800 $0.042800 — — Jun 27, 2005 $0.037800 $0.037800 — — May 25, 2005 $0.041800 $0.041800 — — Apr 26, 2005 $0.045200 $0.045200 — — Mar 28, 2005 $0.045000 $0.045000 — — Feb 23, 2005 $0.036000 $0.036000 — — Jan 26, 2005 $0.031000 $0.031000 — — Dec 28, 2004 $0.056000 $0.056000 — — Nov 24, 2004 $0.040000 $0.040000 — — Oct 26, 2004 $0.041000 $0.041000 — — Sep 27, 2004 $0.036000 $0.036000 — — Aug 26, 2004 $0.042000 $0.042000 — — Jul 27, 2004 $0.043000 $0.043000 — — Jun 25, 2004 $0.040000 $0.040000 — — May 25, 2004 $0.039000 $0.039000 — — Apr 27, 2004 $0.035000 $0.035000 — — Mar 30, 2004 $0.048300 $0.048300 — — Feb 26, 2004 $0.040200 $0.040200 — — Jan 29, 2004 $0.037200 $0.037200 — — Dec 19, 2003 $0.046300 $0.046300 — — Nov 26, 2003 $0.037500 $0.037500 — — Oct 30, 2003 $0.043200 $0.043200 — — Sep 29, 2003 $0.044900 $0.044900 — — Aug 28, 2003 $0.043600 $0.043600 — — Jul 30, 2003 $0.046100 $0.046100 — — Jun 27, 2003 $0.039800 $0.039800 — — May 29, 2003 $0.041100 $0.041100 — — Apr 29, 2003 $0.044700 $0.044700 — — Mar 28, 2003 $0.056000 $0.056000 — — Feb 27, 2003 $0.047300 $0.047300 — — Jan 30, 2003 $0.048500 $0.048500 — — Dec 20, 2002 $0.043100 $0.043100 — — Nov 27, 2002 $0.046700 $0.046700 — — Oct 30, 2002 $0.055800 $0.055800 — — Sep 27, 2002 $0.049400 $0.049400 — — Aug 29, 2002 $0.049300 $0.049300 — — Jul 30, 2002 $0.053800 $0.053800 — — Jun 27, 2002 $0.045200 $0.045200 — — May 30, 2002 $0.051900 $0.051900 — — Apr 29, 2002 $0.053200 $0.053200 — — Mar 27, 2002 $0.043100 $0.043100 — — Feb 27, 2002 $0.052600 $0.052600 — — Jan 30, 2002 $0.041400 $0.041400 — — Dec 20, 2001 $0.136700 $0.037600 $0.099100 — Nov 29, 2001 $0.043100 $0.043100 — — Oct 30, 2001 $0.047100 $0.047100 — — Sep 27, 2001 $0.041400 $0.041400 — — Aug 30, 2001 $0.044500 $0.044500 — — Jul 30, 2001 $0.047300 $0.047300 — — Jun 28, 2001 $0.042400 $0.042400 — — May 30, 2001 $0.053400 $0.053400 — — Apr 27, 2001 $0.045300 $0.045300 — — Mar 29, 2001 $0.048500 $0.048500 — — Feb 27, 2001 $0.045100 $0.045100 — — Jan 30, 2001 $0.052800 $0.052800 — — Dec 21, 2000 $0.051300 $0.051300 — — Nov 29, 2000 $0.049500 $0.049500 — — Oct 30, 2000 $0.051700 $0.051700 — — Sep 28, 2000 $0.046300 $0.046300 — — Aug 30, 2000 $0.058700 $0.058700 — — Jul 28, 2000 $0.049000 $0.049000 — — Jun 29, 2000 $0.053300 $0.053300 — — May 30, 2000 $0.055100 $0.055100 — — Apr 27, 2000 $0.046600 $0.046600 — — Mar 30, 2000 $0.054300 $0.054300 — — Feb 28, 2000 $0.053400 $0.053400 — — Jan 28, 2000 $0.044000 $0.044000 — — Dec 30, 1999 $0.055200 $0.055200 — — Nov 29, 1999 $0.051600 $0.051600 — — Oct 29, 1999 $0.047600 $0.047600 — — Sep 29, 1999 $0.053800 $0.053800 — — Aug 30, 1999 $0.052600 $0.052600 — — Jul 29, 1999 $0.040400 $0.040400 — — Jun 30, 1999 $0.075900 $0.050700 $0.025200 — May 28, 1999 $0.040400 $0.040400 — — Apr 30, 1999 $0.041000 $0.041000 — — Mar 31, 1999 $0.045000 $0.045000 — — Feb 26, 1999 $0.038000 $0.038000 — — Jan 29, 1999 $0.040000 $0.040000 — — Dec 31, 1998 $0.130000 $0.130000 — — Nov 30, 1998 $0.045000 $0.045000 — — Oct 30, 1998 $0.045000 $0.045000 — — Sep 30, 1998 $0.050000 $0.050000 — — Aug 31, 1998 $0.050000 $0.050000 — — Jul 31, 1998 $0.050000 $0.050000 — — Jun 30, 1998 $0.050000 $0.050000 — — May 29, 1998 $0.040000 $0.040000 — — Apr 30, 1998 $0.060000 $0.060000 — — Mar 31, 1998 $0.048000 $0.048000 — — Feb 27, 1998 $0.048000 $0.048000 — — Jan 30, 1998 $0.053000 $0.053000 — — Dec 31, 1997 $0.195000 $0.195000 — — Nov 28, 1997 $0.043000 $0.043000 — — Oct 31, 1997 $0.060000 $0.060000 — — Sep 30, 1997 $0.035000 $0.035000 — — Aug 29, 1997 $0.050000 $0.050000 — — Jul 31, 1997 $0.055000 $0.055000 — — Jun 30, 1997 $0.035000 $0.035000 — — May 30, 1997 $0.050000 $0.050000 — — Apr 30, 1997 $0.060000 $0.060000 — — Mar 31, 1997 $0.050000 $0.050000 — — Feb 28, 1997 $0.050000 $0.050000 — — Jan 31, 1997 $0.030000 $0.030000 — —
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Portfolio & Holdings
Portfolio & Holdings
Top Holdings (Fixed)
As of: 06/30/2021
| Fannie Mae Pool AU6743 Fixed | 2.66% |
| Freddie Mac Pool RA4919 Fixed | 2.09% |
| Fannie Mae Pool AL0215 Fixed | 1.99% |
| Fannie Mae Pool MA4100 Fixed | 1.91% |
| United States Treasury Note/Bond Fixed | 1.83% |
| State Of California Fixed | 1.78% |
| United States Treasury Note/Bond Fixed | 1.45% |
| Fannie Mae Pool FM7323 Fixed | 1.42% |
| Fannie Mae Pool FM6355 Fixed | 1.31% |
| County Of Miami-Dade FL Aviation Revenue Fixed | 1.28% |
| % in Top 10 Holdings | 17.72% |
Investment Approach
Investment Approach
GW&K Enhanced Core Bond ESG 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
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 Enhanced Core Bond ESG Fund (MFDAX)
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 Enhanced Core Bond ESG Fund (MFDAX)
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