GW&K Global Allocation Fund  (MBEAX)

Fund Notice

Effective April 17, 2020, the subadviser of the AMG Chicago Equity Partners Balanced Fund (the “Fund”) changed from Chicago Equity Partners, LLC to GW&K Investment Management, LLC. Also effective April 17, 2020, the Fund changed its name to AMG GW&K Global Allocation 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.

Fund Overview

Fund Overview

Share Class

N

NAV | as of 12/02/2020

$18.91
-$0.05 (-0.26%)

Overall Morningstar Rating


Rated against 615 Allocation--50% to 70% Equity funds as of 10/31/2020

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 01/02/1997 to 10/31/2020 = $60,922.96

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

Performance shown for periods prior to April 17, 2020 reflects the performance and investment strategies of the Fund's previous subadvisor, Chicago Equity Partners, LLC. The Fund's past performance would have been different if the Fund were managed by the current subadvisor and strategy, and the Fund's prior performance record might be less pertinent for investors considering whether to purchase shares of the Fund. 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.

On April 17, 2020, The MSCI ACWI Index, 60% MSCI ACWI Index/40% Bloomberg Barclays Global Aggregate Bond Index and Bloomberg Barclays Global Aggregate Bond Index replaced the Russell 1000® Index, 60% Russell 1000® Index/40%Bloomberg Barclays U.S. Aggregate Bond Index and Bloomberg Barclays U.S. Aggregate Bond Index as the Fund’s benchmarks on April 17, 2020 because the Investment Manager and Subadviser believe the new benchmarks are more representative of the Fund’s current investment strategies.

Objective

Long-term capital appreciation and moderate current income

Why Consider

  • Tactical asset allocation portfolio that seeks to capitalize on relative valuation opportunities across asset classes and geographies
  • Focused global equity portfolio combined with well diversified fixed income portfolio
  • Our disciplined long-term research focus allows us to develop a deep understanding of our targeted companies

Documents

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Daniel L. Miller, CFA

Daniel L. Miller, CFA

Partner and Director of Equities

See Our Approach Read Bio
William Sterling, Ph.D.

William Sterling, Ph.D.

Global Strategist

See Our Approach Read Bio
Aaron C. Clark, CFA

Aaron C. Clark, CFA

Principal, Portfolio Manager

See Our Approach Read Bio
Thomas Masi, CFA

Thomas Masi, CFA

Vice President and Portfolio Manager

See Our Approach Read Bio
Mary F. Kane, CFA

Mary F. Kane, CFA

Partner and Portfolio Manager

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

Performance shown for periods prior to April 17, 2020 reflects the performance and investment strategies of the Fund's previous subadvisor, Chicago Equity Partners, LLC. The Fund's past performance would have been different if the Fund were managed by the current subadvisor and strategy, and the Fund's prior performance record might be less pertinent for investors considering whether to purchase shares of the Fund. 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.

On April 17, 2020, The MSCI ACWI Index, 60% MSCI ACWI Index/40% Bloomberg Barclays Global Aggregate Bond Index and Bloomberg Barclays Global Aggregate Bond Index replaced the Russell 1000® Index, 60% Russell 1000® Index/40%Bloomberg Barclays U.S. Aggregate Bond Index and Bloomberg Barclays U.S. Aggregate Bond Index as the Fund’s benchmarks on April 17, 2020 because the Investment Manager and Subadviser believe the new benchmarks are more representative of the Fund’s current investment strategies.

Expense Ratios

  • Gross Expense Ratio: 1.16%
  • Net Expense Ratio: 1.06%
  • Expense Cap Expiration Date: 05/01/2022

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Sep 28, 2020 $0.003600 $0.003600
      Jun 26, 2020 $0.003500 $0.003500
      Apr 27, 2020 $0.483600 $0.483600
      Mar 27, 2020 $0.079000 $0.079000
      Dec 16, 2019 $0.814700 $0.077900 $0.736800
      Sep 26, 2019 $0.054500 $0.054500
      Jun 26, 2019 $0.067700 $0.067700
      Mar 27, 2019 $0.073500 $0.073500
      Dec 27, 2018 $0.980200 $0.054100 $0.272600 $0.653500
      Sep 26, 2018 $0.036300 $0.036300
      Jun 27, 2018 $0.040600 $0.040600
      Mar 27, 2018 $0.031800 $0.031800
      Dec 27, 2017 $0.742700 $0.032700 $0.304000 $0.406000
      Sep 26, 2017 $0.029000 $0.029000
      Jun 27, 2017 $0.022100 $0.022100
      Mar 28, 2017 $0.022400 $0.022400
      Dec 27, 2016 $0.047300 $0.035600 $0.011700
      Sep 27, 2016 $0.043000 $0.043000
      Jun 27, 2016 $0.030400 $0.030400
      Mar 28, 2016 $0.031100 $0.031100
      Dec 28, 2015 $0.432500 $0.043600 $0.041800 $0.347100
      Sep 25, 2015 $0.018800 $0.018800
      Jun 25, 2015 $0.019600 $0.019600
      Mar 26, 2015 $0.031700 $0.031700
      Dec 26, 2014 $1.436000 $0.028400 $0.364000 $1.043600
      Sep 25, 2014 $0.023100 $0.023100
      Jun 25, 2014 $0.032500 $0.032500
      Mar 26, 2014 $0.022200 $0.022200
      Dec 26, 2013 $1.426600 $0.027400 $0.700900 $0.698300
      Sep 25, 2013 $0.020000 $0.020000
      Jun 25, 2013 $0.020400 $0.020400
      Mar 25, 2013 $0.018200 $0.018200
      Dec 26, 2012 $0.736500 $0.056000 $0.116100 $0.564400
      Sep 25, 2012 $0.060400 $0.060400
      Jun 26, 2012 $0.031200 $0.031200
      Mar 27, 2012 $0.026800 $0.026800
      Dec 27, 2011 $0.531700 $0.355700 $0.176000
      Sep 27, 2011 $0.037800 $0.037800
      Jun 27, 2011 $0.051200 $0.051200
      Mar 28, 2011 $0.036400 $0.036400
      Dec 28, 2010 $0.064100 $0.064100
      Sep 27, 2010 $0.047000 $0.047000
      Jun 25, 2010 $0.046900 $0.046900
      Mar 26, 2010 $0.044700 $0.044700
      Dec 28, 2009 $0.068700 $0.068700
      Sep 25, 2009 $0.042700 $0.042700
      Jun 25, 2009 $0.048500 $0.048500
      Mar 26, 2009 $0.048700 $0.048700
      Dec 26, 2008 $0.086400 $0.086400
      Sep 25, 2008 $0.070500 $0.070500
      Jun 25, 2008 $0.068100 $0.068100
      Mar 26, 2008 $0.057900 $0.057900
      Dec 26, 2007 $0.082000 $0.082000
      Sep 25, 2007 $0.067500 $0.067500
      Jun 26, 2007 $0.056000 $0.056000
      Mar 27, 2007 $0.067300 $0.067300
      Dec 26, 2006 $0.092200 $0.092200
      Sep 26, 2006 $0.067600 $0.067600
      Jun 27, 2006 $0.052700 $0.052700
      Mar 28, 2006 $0.047500 $0.047500
      Dec 27, 2005 $0.052000 $0.052000
      Sep 27, 2005 $0.042600 $0.042600
      Jun 27, 2005 $0.037400 $0.037400
      Mar 28, 2005 $0.031000 $0.031000
      Dec 28, 2004 $0.049000 $0.049000
      Sep 27, 2004 $0.031000 $0.031000
      Jun 25, 2004 $0.039000 $0.039000
      Mar 30, 2004 $0.038000 $0.038000
      Dec 19, 2003 $0.049900 $0.049900
      Sep 29, 2003 $0.046800 $0.046800
      Jun 27, 2003 $0.050500 $0.050500
      Mar 28, 2003 $0.081400 $0.081400
      Dec 20, 2002 $0.056400 $0.056400
      Sep 27, 2002 $0.070000 $0.070000
      Jun 27, 2002 $0.068200 $0.068200
      Mar 27, 2002 $0.061900 $0.061900
      Dec 20, 2001 $0.051900 $0.051900
      Sep 27, 2001 $0.065400 $0.065400
      Jun 28, 2001 $0.055800 $0.055800
      Mar 29, 2001 $0.069400 $0.069400
      Dec 21, 2000 $3.171300 $0.075300 $3.021800 $0.074200
      Sep 28, 2000 $0.060800 $0.060800
      Jun 29, 2000 $0.063800 $0.063800
      Mar 30, 2000 $0.056400 $0.056400
      Dec 30, 1999 $1.414400 $0.060900 $1.307000 $0.046500
      Sep 30, 1999 $0.053500 $0.053500
      Jun 30, 1999 $0.049500 $0.049500
      Mar 31, 1999 $0.064000 $0.064000
      Dec 31, 1998 $0.072000 $0.072000
      Sep 30, 1998 $0.070000 $0.070000
      Jun 30, 1998 $0.055000 $0.055000
      Mar 31, 1998 $0.171000 $0.171000
      Dec 31, 1997 $0.800000 $0.800000
      Sep 30, 1997 $0.065000 $0.065000
      Jun 30, 1997 $0.060000 $0.060000
      Mar 31, 1997 $0.050000 $0.050000

Risk & Return Stats

As of: 10/31/2020

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Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2020

Adyen NV 144A 2.30%
Taiwan Semiconductor Manufacturing Co Ltd ADR 2.29%
Alibaba Group Holding Ltd 2.20%
Infineon Technologies AG 2.17%
IDEXX Laboratories Inc 2.11%
ServiceNow Inc 2.10%
PayPal Holdings Inc 2.09%
TAL Education Group ADR 2.08%
Goosehead Insurance Inc, Class A 2.06%
HDFC Bank Ltd ADR 2.00%
% in Top 10 Holdings 21.40%
View Holding Details Read Important Investment Disclosures

Regional Allocation (Equity)

As of: 09/30/2020

Investment Approach

Investment Approach

GW&K Global Allocation Fund

The Fund’s investment approach looks to capitalize on global opportunities with a diversified balanced portfolio combining equity and debt securities to help protect principal and manage volatility. The Fund uses an active approach to managing the global equity and fixed income portions of the portfolio with the core principal of managing risk through diversification, in-depth research and a focus on quality. GW&K’s disciplined long-term research focus allows the team to develop a deep understanding of their targeted companies.


Keep Calm and Remain Diversified

 
A Short - and Long-Term Review on the Power of Diversification
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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★★★★

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