Fund Overview

Fund Overview

Share Class

I

NAV | as of 08/11/2022

$9.35
-$0.04 (-0.43%)

Morningstar | Style Box

L M E H M L

Overall Morningstar Rating


Rated against 401 Intermediate Core Bond funds as of 07/31/2022

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 04/30/1993 to 06/30/2022 = $43,411.20

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

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 primarily high-quality intermediate-term bonds
  • Invest 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

Mary F. Kane, CFA

PARTNER AND PORTFOLIO MANAGER

Stephen J. Repoff, CFA

PRINCIPAL, PORTFOLIO MANAGER

Performance

Performance

Read Important Investment Disclosures

Returns

Trailing Returns

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: 0.62%
  • Net Expense Ratio: 0.56%
  • Expense Cap Expiration Date: 03/01/2023

Distributions & Pricing

Distributions

Calendar Year Distributions

Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
Jul 27, 2022 $0.016900 $0.016900
Jun 28, 2022 $0.015800 $0.015800
May 26, 2022 $0.015500 $0.015500
Apr 27, 2022 $0.013600 $0.013600
Mar 29, 2022 $0.013400 $0.013400
Feb 24, 2022 $0.011600 $0.011600
Jan 27, 2022 $0.005700 $0.005700
Dec 15, 2021 $0.269200 $0.016400 $0.026200 $0.226600
Nov 26, 2021 $0.011900 $0.011900
Oct 27, 2021 $0.011000 $0.011000
Sep 28, 2021 $0.011700 $0.011700
Aug 27, 2021 $0.012300 $0.012300
Jul 28, 2021 $0.012100 $0.012100
Jun 28, 2021 $0.012700 $0.012700
May 26, 2021 $0.011000 $0.011000
Apr 28, 2021 $0.010100 $0.010100
Mar 29, 2021 $0.014400 $0.014400
Feb 24, 2021 $0.014500 $0.014500
Jan 27, 2021 $0.016300 $0.016300
Dec 16, 2020 $0.014900 $0.014900
Nov 25, 2020 $0.015100 $0.015100
Oct 28, 2020 $0.016300 $0.016300
Sep 28, 2020 $0.015900 $0.015900
Aug 27, 2020 $0.015500 $0.015500
Jul 29, 2020 $0.015900 $0.015900
Jun 26, 2020 $0.016500 $0.016500
May 27, 2020 $0.017800 $0.017800
Apr 28, 2020 $0.017900 $0.017900
Mar 27, 2020 $0.019400 $0.019400
Feb 26, 2020 $0.020200 $0.020200
Jan 29, 2020 $0.017900 $0.017900
Dec 16, 2019 $0.024000 $0.024000
Nov 26, 2019 $0.021900 $0.021900
Oct 29, 2019 $0.021100 $0.021100
Sep 26, 2019 $0.019800 $0.019800
Aug 28, 2019 $0.020600 $0.020600
Jul 29, 2019 $0.020800 $0.020800
Jun 26, 2019 $0.020700 $0.020700
May 29, 2019 $0.021800 $0.021800
Apr 26, 2019 $0.020300 $0.020300
Mar 27, 2019 $0.021500 $0.021500
Feb 26, 2019 $0.019900 $0.019900
Jan 29, 2019 $0.019600 $0.019600
Dec 27, 2018 $0.022300 $0.022300
Nov 28, 2018 $0.020800 $0.020800
Oct 29, 2018 $0.019200 $0.019200
Sep 26, 2018 $0.018700 $0.018700
Aug 29, 2018 $0.019700 $0.019700
Jul 27, 2018 $0.018500 $0.018500
Jun 27, 2018 $0.018200 $0.018200
May 29, 2018 $0.019000 $0.019000
Apr 26, 2018 $0.016500 $0.016500
Mar 27, 2018 $0.018000 $0.018000
Feb 26, 2018 $0.018000 $0.018000
Jan 29, 2018 $0.016500 $0.016500
Dec 27, 2017 $0.020500 $0.020500
Nov 27, 2017 $0.017500 $0.017500
Oct 26, 2017 $0.017500 $0.017500
Sep 26, 2017 $0.017500 $0.017500
Aug 28, 2017 $0.017500 $0.017500
Jul 26, 2017 $0.017500 $0.017500
Jun 27, 2017 $0.017700 $0.017700
May 25, 2017 $0.017400 $0.017400
Apr 25, 2017 $0.016900 $0.016900
Mar 28, 2017 $0.019400 $0.019400
Feb 23, 2017 $0.017500 $0.017500
Jan 26, 2017 $0.016400 $0.016400
Dec 27, 2016 $0.017200 $0.017200
Nov 25, 2016 $0.017400 $0.017400
Oct 26, 2016 $0.017700 $0.017700
Sep 27, 2016 $0.016900 $0.016900
Aug 26, 2016 $0.017400 $0.017400
Jul 26, 2016 $0.018400 $0.018400
Jun 27, 2016 $0.017400 $0.017400
May 25, 2016 $0.017400 $0.017400
Apr 26, 2016 $0.017400 $0.017400
Mar 28, 2016 $0.017400 $0.017400
Feb 24, 2016 $0.015400 $0.015400
Jan 26, 2016 $0.015400 $0.015400
Dec 28, 2015 $0.254300 $0.015100 $0.239200
Nov 24, 2015 $0.019000 $0.019000
Oct 27, 2015 $0.018300 $0.018300
Sep 25, 2015 $0.018400 $0.018400
Aug 26, 2015 $0.015300 $0.015300
Jul 28, 2015 $0.015300 $0.015300
Jun 25, 2015 $0.014400 $0.014400
May 26, 2015 $0.014300 $0.014300
Apr 27, 2015 $0.016300 $0.016300
Mar 26, 2015 $0.018000 $0.018000
Feb 24, 2015 $0.004700 $0.004700
Jan 27, 2015 $0.004700 $0.004700
Dec 26, 2014 $0.549800 $0.199100 $0.224100 $0.126600
Nov 24, 2014 $0.012500 $0.012500
Oct 28, 2014 $0.010000 $0.010000
Sep 25, 2014 $0.009500 $0.009500
Aug 26, 2014 $0.009100 $0.009100
Jul 28, 2014 $0.009100 $0.009100
Jun 25, 2014 $0.009200 $0.009200
May 27, 2014 $0.009827 $0.009827
Apr 25, 2014 $0.010955 $0.010955
Mar 26, 2014 $0.013657 $0.013657
Feb 25, 2014 $0.016622 $0.016622
Jan 28, 2014 $0.018632 $0.018632
Dec 26, 2013 $0.015093 $0.015093
Nov 25, 2013 $0.013272 $0.013272
Oct 28, 2013 $0.015296 $0.015296
Sep 25, 2013 $0.013077 $0.013077
Aug 27, 2013 $0.015384 $0.015384
Jul 26, 2013 $0.016063 $0.016063
Jun 25, 2013 $0.013905 $0.013905
May 28, 2013 $0.017967 $0.017967
Apr 25, 2013 $0.018440 $0.018440
Mar 25, 2013 $0.016093 $0.016093
Feb 25, 2013 $0.017222 $0.017222
Jan 28, 2013 $0.022611 $0.022611
Dec 26, 2012 $0.247425 $0.094625 $0.122100 $0.030700
Nov 27, 2012 $0.019861 $0.019861
Oct 26, 2012 $0.024918 $0.024918
Sep 25, 2012 $0.020945 $0.020945
Aug 28, 2012 $0.025324 $0.025324
Jul 26, 2012 $0.021072 $0.021072
Jun 26, 2012 $0.020854 $0.020854
May 28, 2012 $0.022062 $0.022062
May 25, 2012 $0.022062 $0.022062
Apr 25, 2012 $0.022514 $0.022514
Mar 27, 2012 $0.022597 $0.022597
Feb 24, 2012 $0.024799 $0.024799
Jan 26, 2012 $0.026103 $0.026103
Dec 27, 2011 $0.097014 $0.097014
Nov 25, 2011 $0.026228 $0.026228
Oct 26, 2011 $0.026282 $0.026282
Sep 27, 2011 $0.024523 $0.024523
Aug 26, 2011 $0.024624 $0.024624
Jul 26, 2011 $0.023057 $0.023057
Jun 27, 2011 $0.025460 $0.025460
May 25, 2011 $0.021962 $0.021962
Apr 26, 2011 $0.024936 $0.024936
Mar 28, 2011 $0.027985 $0.027985
Feb 23, 2011 $0.023374 $0.023374
Jan 26, 2011 $0.024929 $0.024929
Dec 28, 2010 $0.571649 $0.081949 $0.330400 $0.159300
Nov 24, 2010 $0.024497 $0.024497
Oct 26, 2010 $0.023004 $0.023004
Sep 27, 2010 $0.024288 $0.024288
Aug 26, 2010 $0.023124 $0.023124
Jul 27, 2010 $0.024233 $0.024233
Jun 25, 2010 $0.023715 $0.023715
May 25, 2010 $0.018995 $0.018995
Apr 27, 2010 $0.021124 $0.021124
Mar 26, 2010 $0.023241 $0.023241
Feb 23, 2010 $0.018649 $0.018649
Jan 26, 2010 $0.021956 $0.021956
Dec 28, 2009 $0.206862 $0.075942 $0.130920
Nov 24, 2009 $0.024234 $0.024234
Oct 27, 2009 $0.029070 $0.029070
Sep 25, 2009 $0.035233 $0.035233
Aug 26, 2009 $0.033894 $0.033894
Jul 28, 2009 $0.037831 $0.037831
Jun 25, 2009 $0.034025 $0.034025
May 26, 2009 $0.033173 $0.033173
Apr 27, 2009 $0.043986 $0.043986
Mar 26, 2009 $0.037950 $0.037950
Feb 24, 2009 $0.032848 $0.032848
Jan 27, 2009 $0.035250 $0.035250
Dec 26, 2008 $0.719655 $0.041955 $0.467400 $0.210300
Nov 24, 2008 $0.034439 $0.034439
Oct 28, 2008 $0.043198 $0.043198
Sep 25, 2008 $0.034588 $0.034588
Aug 26, 2008 $0.033589 $0.033589
Jul 28, 2008 $0.040929 $0.040929
Jun 25, 2008 $0.035721 $0.035721
May 27, 2008 $0.039340 $0.039340
Apr 25, 2008 $0.041743 $0.041743
Mar 26, 2008 $0.036778 $0.036778
Feb 26, 2008 $0.038531 $0.038531
Jan 28, 2008 $0.044592 $0.044592
Dec 26, 2007 $0.090886 $0.090886
Nov 27, 2007 $0.041015 $0.041015
Oct 26, 2007 $0.045898 $0.045898
Sep 25, 2007 $0.038518 $0.038518
Aug 28, 2007 $0.044104 $0.044104
Jul 26, 2007 $0.040448 $0.040448
Jun 26, 2007 $0.038524 $0.038524
May 25, 2007 $0.044343 $0.044343
Apr 25, 2007 $0.040207 $0.040207
Mar 27, 2007 $0.040102 $0.040102
Feb 23, 2007 $0.038148 $0.038148
Jan 26, 2007 $0.045021 $0.045021
Dec 26, 2006 $0.038824 $0.038824
Nov 27, 2006 $0.043317 $0.043317
Oct 26, 2006 $0.041680 $0.041680
Sep 26, 2006 $0.038931 $0.038931
Aug 28, 2006 $0.044656 $0.044656
Jul 26, 2006 $0.040523 $0.040523
Jun 27, 2006 $0.043044 $0.043044
May 25, 2006 $0.038797 $0.038797
Apr 25, 2006 $0.037237 $0.037237
Mar 28, 2006 $0.041307 $0.041307
Feb 23, 2006 $0.035374 $0.035374
Jan 26, 2006 $0.039405 $0.039405
Dec 27, 2005 $0.036543 $0.036543
Nov 25, 2005 $0.038162 $0.038162
Oct 26, 2005 $0.035126 $0.035126
Sep 27, 2005 $0.034208 $0.034208
Aug 26, 2005 $0.036801 $0.036801
Jul 26, 2005 $0.033982 $0.033982
Jun 27, 2005 $0.034867 $0.034867
May 25, 2005 $0.027817 $0.027817
Apr 26, 2005 $0.024172 $0.024172
Mar 28, 2005 $0.021993 $0.021993
Feb 28, 2005 $0.020144 $0.020144
Jan 31, 2005 $0.019115 $0.019115
Jan 13, 2005 $0.018500 $0.018500
Dec 31, 2004 $0.027928 $0.027928
Dec 17, 2004 $0.317100 $0.109000 $0.208100
Nov 30, 2004 $0.021811 $0.021811
Oct 29, 2004 $0.023272 $0.023272
Sep 30, 2004 $0.016712 $0.016712
Aug 31, 2004 $0.019230 $0.019230
Jul 30, 2004 $0.023953 $0.023953
Jun 30, 2004 $0.018661 $0.018661
May 31, 2004 $0.020864 $0.020864
Apr 30, 2004 $0.023771 $0.023771
Mar 31, 2004 $0.023506 $0.023506
Feb 27, 2004 $0.016279 $0.016279
Jan 30, 2004 $0.018472 $0.018472
Dec 31, 2003 $0.020151 $0.020151
Dec 19, 2003 $0.049850 $0.022770 $0.027080
Nov 28, 2003 $0.026468 $0.026468
Oct 31, 2003 $0.027531 $0.027531
Sep 30, 2003 $0.054684 $0.054684
Sep 24, 2003 $0.076300 $0.042400 $0.033900
Aug 29, 2003 $0.027860 $0.027860
Jul 31, 2003 $0.024210 $0.024210
Jun 30, 2003 $0.024254 $0.024254
May 30, 2003 $0.030892 $0.030892
Apr 30, 2003 $0.031063 $0.031063
Mar 31, 2003 $0.027379 $0.027379
Feb 28, 2003 $0.024119 $0.024119
Jan 31, 2003 $0.030897 $0.030897
Dec 31, 2002 $0.033150 $0.033150
Dec 20, 2002 $0.268500 $0.183600 $0.084900
Nov 29, 2002 $0.034572 $0.034572
Oct 31, 2002 $0.032536 $0.032536
Sep 30, 2002 $0.027346 $0.027346
Aug 30, 2002 $0.029217 $0.029217
Jul 31, 2002 $0.029374 $0.029374
Jun 28, 2002 $0.027308 $0.027308
May 31, 2002 $0.034508 $0.034508
Apr 30, 2002 $0.035671 $0.035671
Mar 29, 2002 $0.039151 $0.039151
Feb 28, 2002 $0.031603 $0.031603
Jan 31, 2002 $0.032143 $0.032143
Dec 31, 2001 $0.114270 $0.114270
Dec 20, 2001 $0.126330 $0.015430 $0.110900
Nov 30, 2001 $0.038486 $0.038486
Oct 31, 2001 $0.032551 $0.032551
Oct 30, 2001 $0.121980 $0.121980
Sep 28, 2001 $0.030799 $0.030799
Aug 31, 2001 $0.041290 $0.041290
Jul 31, 2001 $0.041850 $0.041850
Jun 29, 2001 $0.044525 $0.044525
May 31, 2001 $0.043469 $0.043469
Apr 30, 2001 $0.044119 $0.044119
Mar 30, 2001 $0.050298 $0.050298
Feb 28, 2001 $0.045025 $0.045025
Jan 31, 2001 $0.047399 $0.047399
Dec 29, 2000 $0.054250 $0.054250
Nov 30, 2000 $0.055042 $0.055042
Oct 31, 2000 $0.139071 $0.139071
Sep 29, 2000 $0.056127 $0.056127
Aug 31, 2000 $0.055338 $0.055338
Jul 31, 2000 $0.048804 $0.048804
Jun 30, 2000 $0.053697 $0.053697
May 31, 2000 $0.050129 $0.050129
Apr 28, 2000 $0.041572 $0.041572
Mar 31, 2000 $0.056290 $0.056290
Feb 29, 2000 $0.052204 $0.052204
Jan 31, 2000 $0.047184 $0.047184
Dec 31, 1999 $0.054175 $0.054175
Nov 30, 1999 $0.049675 $0.049675
Oct 29, 1999 $0.038297 $0.038297
Sep 30, 1999 $0.047184 $0.047184
Aug 31, 1999 $0.050695 $0.050695
Jul 30, 1999 $0.053102 $0.053102
Jun 30, 1999 $0.050390 $0.050390
May 31, 1999 $0.050907 $0.050907
Apr 30, 1999 $0.048114 $0.048114
Mar 31, 1999 $0.048877 $0.048877
Feb 26, 1999 $0.047283 $0.047283
Jan 29, 1999 $0.045048 $0.045048
Dec 31, 1998 $0.066748 $0.066748
Dec 15, 1998 $0.184100 $0.060700 $0.123400
Nov 30, 1998 $0.050886 $0.050886
Oct 30, 1998 $0.140507 $0.050507 $0.090000
Sep 30, 1998 $0.049441 $0.049441
Aug 31, 1998 $0.048162 $0.048162
Jul 31, 1998 $0.054840 $0.054840
Jun 30, 1998 $0.050924 $0.050924
May 29, 1998 $0.051520 $0.051520
Apr 30, 1998 $0.050024 $0.050024
Mar 31, 1998 $0.048372 $0.048372
Feb 27, 1998 $0.047201 $0.047201
Jan 30, 1998 $0.050464 $0.050464
Dec 31, 1997 $0.051034 $0.051034
Dec 15, 1997 $0.092370 $0.009030 $0.083340
Nov 28, 1997 $0.049956 $0.049956
Oct 31, 1997 $0.072015 $0.052015 $0.020000
Sep 30, 1997 $0.049264 $0.049264
Aug 29, 1997 $0.053550 $0.053550
Jul 31, 1997 $0.053914 $0.053914
Jun 30, 1997 $0.050408 $0.050408
May 30, 1997 $0.054654 $0.054654
Apr 30, 1997 $0.053785 $0.053785
Mar 31, 1997 $0.049329 $0.049329
Feb 28, 1997 $0.051477 $0.051477
Jan 31, 1997 $0.055600 $0.055600
Dec 31, 1996 $0.074069 $0.074069
Nov 29, 1996 $0.058818 $0.058818
Oct 31, 1996 $0.058593 $0.058593
Sep 30, 1996 $0.052234 $0.052234
Aug 30, 1996 $0.058856 $0.058856
Jul 31, 1996 $0.057419 $0.057419
Jun 28, 1996 $0.051484 $0.051484
May 31, 1996 $0.058785 $0.058785
Apr 30, 1996 $0.056474 $0.056474
Mar 29, 1996 $0.055535 $0.055535
Feb 29, 1996 $0.052225 $0.052225
Jan 31, 1996 $0.052722 $0.052722
Dec 29, 1995 $0.279536 $0.058376 $0.020370 $0.200790
Nov 30, 1995 $0.053613 $0.053613
Oct 31, 1995 $0.054218 $0.054218
Sep 29, 1995 $0.056117 $0.056117
Aug 31, 1995 $0.047766 $0.047766
Jul 31, 1995 $0.048297 $0.048297
Jun 30, 1995 $0.053167 $0.053167
May 31, 1995 $0.051272 $0.051272
Apr 28, 1995 $0.050812 $0.050812
Mar 31, 1995 $0.059634 $0.059634
Feb 28, 1995 $0.054490 $0.054490
Jan 31, 1995 $0.054468 $0.054468
Dec 30, 1994 $0.058543 $0.058543
Nov 30, 1994 $0.052168 $0.052168
Oct 31, 1994 $0.047988 $0.047988
Sep 30, 1994 $0.044174 $0.044174
Aug 31, 1994 $0.043532 $0.043532
Jul 29, 1994 $0.049418 $0.049418
Jun 30, 1994 $0.042522 $0.042522
May 31, 1994 $0.044743 $0.044743
Apr 29, 1994 $0.046283 $0.046283
Mar 31, 1994 $0.038431 $0.038431
Feb 28, 1994 $0.040046 $0.040046
Jan 31, 1994 $0.043250 $0.043250
Dec 31, 1993 $0.048987 $0.048987
Nov 30, 1993 $0.044881 $0.044881
Oct 29, 1993 $0.053141 $0.046341 $0.006800
Sep 30, 1993 $0.044977 $0.044977
Aug 31, 1993 $0.044573 $0.044573
Jul 30, 1993 $0.046640 $0.046640
Jun 30, 1993 $0.048840 $0.048840
May 28, 1993 $0.042528 $0.042528

Risk & Return Stats

As of: 07/31/2022

3YR 5YR 10YR
Alpha
Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha.
-0.32 -0.30 -0.26
Standard Deviation
Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance.
5.40 4.62 4.03
Sharpe Ratio
Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance.
-0.21 -0.01 0.22
Upside Capture Ratio (%)
Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets.
111.64 107.51 113.33
Downside Capture Ratio (%)
Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets.
114.26 111.41 114.12
Beta
Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk.
1.08 1.06 1.09
R-Squared
R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures.
88.68 90.02 90.89
Tracking Error (%)
Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero.
1.85 1.48 1.26
View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Fixed)

As of: 06/30/2022

United States Treasury Note/Bond Fixed 4.25%
United States Treasury Note/Bond Fixed 3.91%
United States Treasury Note/Bond Fixed 3.21%
Freddie Mac Pool ZS9495 Fixed 2.54%
United States Treasury Note/Bond Fixed 2.36%
United States Treasury Note/Bond Fixed 2.27%
Fannie Mae Pool FM3229 Fixed 2.15%
Verizon Communications Inc Fixed 2.09%
State Of California Fixed 2.08%
United States Treasury Note/Bond Fixed 1.96%
% in Top 10 Holdings 26.81%
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Sector Allocation (Fixed)

As of: 06/30/2022

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Investment Approach

Investment Approach

GW&K 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

The Rising Tide of ESG Investing

ESG investing, once considered an outlier, has moved to a mainstay of the investment management industry.

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5 Questions Every Advisor Should Ask Their Clients About ESG

With 7 in 10 adults in the U.S. expressing interest in investments that look beyond financial considerations to consider a company’s carbon emissions, labor practices, or regulatory and compliance history, ESG investing can also be a big opportunity for advisors—if they ask their clients the right questions.

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About

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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More Funds From GW&K Investment Management

TLEVX

GW&K Emerging Markets Equity Fund

Seeks to provide long-term capital appreciation by investing in companies located in emerging market countries.

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TYWVX

GW&K Emerging Wealth Equity Fund

Seeks to provide long-term capital appreciation by investing in emerging market companies and developed market companies that have emerging markets revenue exposure.

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MFDAX

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.

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MGFIX

GW&K ESG Bond Fund

The Fund seeks to generate income and capital appreciation by primarily investing in a diversified portfolio of fixed income securities.

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MBEAX

GW&K Global Allocation Fund

Long-term capital appreciation and moderate current income

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MGGBX

GW&K High Income Fund

The Fund seeks high income.

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MECAX

GW&K International Small Cap Fund

Seeks long-term capital appreciation.

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GWMTX

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.

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GWMNX

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.

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GWETX

GW&K Small Cap Core Fund

The Fund seeks to provide long-term capital appreciation by primarily investing in U.S. small cap stocks.

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SKSEX

GW&K Small Cap Value Fund

Seeks capital appreciation

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GWGVX

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.

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ACWDX

GW&K Small/Mid Cap Growth Fund

The Fund seeks to provide long-term capital appreciation by investing in small to mid cap stocks exhibiting consistent, sustainable earnings growth.

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Founded

1974


Headquarters

Boston, MA


Affiliate Since

2008

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