Fund Overview
Share Class
I
Morningstar | Style Box
NAV | as of 11/13/2018
$11.27-$0.01 (-0.09%)
Quarterly Performance (%)
vs. Benchmark as of 09/30/2018
Fund Inception 06/30/2009
| YTD | 1YR | 3YR | 5YR | 10YR | INCEP. | |
|---|---|---|---|---|---|---|
| GWMIX | -1.33 | -1.24 | 1.47 | 2.84 | - | 4.31 |
| Bloomberg Barclays 10-Year Municipal Bond Index | -0.66 | -0.14 | 2.18 | 3.42 | 4.91 | 4.53 |
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 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.
Expense Ratios
- Gross Expense Ratio: 0.45%
- Net Expense Ratio: 0.38%
- Expense Cap Expiration Date: 05/01/2019
Read Important Investment Disclosures
Objective
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.
Why Consider
- Provides investors with exposure to an actively managed portfolio of primarily intermediate-term municipal bonds
- Investment approach combines top-down analysis to respond to interest rate changes with bottom-up research focusing on security structure and credit ratings
- The Fund focuses on the intermediate area of the yield curve to maintain flexibility and actively adjusts duration based on interest rate moves
