Fund Overview Fund Overview Share Class N N I NAV | as of 09/21/2023 $20.72 -$0.17 (-0.81%) Morningstar | Style Box L M E H M L Overall Morningstar Rating Rated against 552 Intermediate Core-Plus Bond funds as of 08/31/2023 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 06/01/1984 to 08/31/2023 = $149,468.54 From: To: 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 800.548.4539. 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. View Performance Read Important Investment Disclosures 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 Documents Fact Sheet Commentary Summary Prospectus Prospectus 2022 Year End Distributions View All Documents Mary F. Kane, CFA PARTNER AND PORTFOLIO MANAGER See Our Approach Read Bio Stephen J. Repoff, CFA PRINCIPAL, PORTFOLIO MANAGER See Our Approach Read Bio Investment Style GW&K ESG Bond Fund has a Fixed Income objective, seeking to achieve a high level of current income. High Med. Low Ltd. Mod. Ext. Fixed Income Objective GW&K ESG Bond Fund is categorized as Medium-Moderate. It combines medium credit quality with moderate interest-rate sensitivity. Morningstar Ratings Risk-adjusted returns as of 08/31/2023 Overall Rating (of 552) 3 Years (of 552) 5 Years (of 518) 10 Years (of 367) Category Intermediate Core-Plus Bond Read Important Investment Disclosures Mary F. Kane, CFA PARTNER AND PORTFOLIO MANAGER Mary is a partner of the firm and responsible for the implementation and execution of all GW&K taxable fixed income portfolios. She has a long-tenured and successful career in building taxable fixed income portfolios and mutual funds that serve a wide range of clients. Mary is a proven leader and manages all aspects of GW&K’s taxable bond portfolio management, research, and trading. She is a member of the firm's Investment, ESG, and Global Allocation Committees. Prior to joining GW&K, Mary was a managing director and portfolio manager with Fortis Investments where she was responsible for all of the firm's U.S. dollar-denominated taxable bond mutual funds. Previously she was a vice president at Invesco, where she served as a senior high-yield credit analyst and managed various institutional fixed-income mandates. She began her investment career as a fixed income trader and credit analyst at Gardner and Preston Moss. Mary graduated cum laude from Wheaton College where she earned an AB in Economics, and received her MBA from Boston University's Questrom School of Business. She is a CFA® charterholder and a member of the CFA Institute and the CFA Society Boston. Stephen J. Repoff, CFA PRINCIPAL, PORTFOLIO MANAGER Stephen is a principal and a portfolio manager for all of GW&K's taxable fixed income strategies. In this capacity he oversees risk management, portfolio construction and analysis, and taxable bond trading. Stephen also specializes in analyzing and managing GW&K’s preferred stock holdings. He is a member of the firm's Investment Committee. Prior to joining GW&K in 2013, Stephen worked for Fidelity Investments as a research analyst covering the E&P, Energy Services, and Midstream sectors for the firm’s high yield mutual funds. At Fidelity, Stephen also worked on the high yield trading desk where he focused on levered loans. Prior to that, he was responsible for overseeing the construction, warehousing, and ongoing compliance of Fidelity’s Collateralized Loan Obligations. Stephen graduated magna cum laude from Boston University where he received a BA in Philosophy and a BS in English Education. He received his MSF from Boston College. He is a CFA® charterholder and a member of the CFA Institute and the CFA Society Boston. Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year 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 800.548.4539. 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: 0.69% Net Expense Ratio: 0.68% Expense Cap Expiration Date: 05/01/2024 Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Aug 29, 2023 $0.052100 $0.052100 — — Jul 27, 2023 $0.052700 $0.052700 — — Jun 28, 2023 $0.049500 $0.049500 — — May 26, 2023 $0.051400 $0.051400 — — Apr 26, 2023 $0.050800 $0.050800 — — Mar 29, 2023 $0.053800 $0.053800 — — Feb 24, 2023 $0.045700 $0.045700 — — Jan 27, 2023 $0.051700 $0.051700 — — Dec 15, 2022 $0.093500 $0.052500 — $0.041000 Nov 28, 2022 $0.044000 $0.044000 — — Oct 27, 2022 $0.043900 $0.043900 — — Sep 28, 2022 $0.042800 $0.042800 — — Aug 29, 2022 $0.041800 $0.041800 — — Jul 27, 2022 $0.039700 $0.039700 — — Jun 28, 2022 $0.036000 $0.036000 — — May 26, 2022 $0.038800 $0.038800 — — Apr 27, 2022 $0.032100 $0.032100 — — Mar 29, 2022 $0.034000 $0.034000 — — Feb 24, 2022 $0.031000 $0.031000 — — Jan 27, 2022 $0.031200 $0.031200 — — Dec 15, 2021 $0.611500 $0.035800 — $0.575700 Nov 26, 2021 $0.032700 $0.032700 — — Oct 27, 2021 $0.034100 $0.034100 — — Sep 28, 2021 $0.032900 $0.032900 — — Aug 27, 2021 $0.033800 $0.033800 — — Jul 28, 2021 $0.032900 $0.032900 — — Jun 28, 2021 $0.029900 $0.029900 — — May 26, 2021 $0.031300 $0.031300 — — Apr 28, 2021 $0.019000 $0.019000 — — Mar 29, 2021 $1.859900 $0.060000 — $1.799900 Feb 24, 2021 $0.058100 $0.058100 — — Jan 27, 2021 $0.072900 $0.072900 — — Dec 16, 2020 $0.126800 $0.059200 — $0.067600 Nov 25, 2020 $0.070000 $0.070000 — — Oct 28, 2020 $0.079300 $0.079300 — — Sep 28, 2020 $0.076900 $0.076900 — — Aug 27, 2020 $0.075900 $0.075900 — — Jul 29, 2020 $0.081200 $0.081200 — — Jun 26, 2020 $0.080000 $0.080000 — — May 27, 2020 $0.079500 $0.079500 — — Apr 28, 2020 $0.069900 $0.069900 — — Mar 27, 2020 $0.071600 $0.071600 — — Feb 26, 2020 $0.065700 $0.065700 — — Jan 29, 2020 $0.073500 $0.073500 — — Dec 16, 2019 $0.241200 $0.078200 — $0.163000 Nov 26, 2019 $0.079400 $0.079400 — — Oct 29, 2019 $0.070200 $0.070200 — — Sep 26, 2019 $0.074200 $0.074200 — — Aug 28, 2019 $0.076200 $0.076200 — — Jul 29, 2019 $0.079300 $0.079300 — — Jun 26, 2019 $0.080500 $0.080500 — — May 29, 2019 $0.084000 $0.084000 — — Apr 26, 2019 $0.107100 $0.107100 — — Mar 27, 2019 $0.100900 $0.100900 — — Feb 26, 2019 $0.068000 $0.068000 — — Jan 29, 2019 $0.079000 $0.079000 — — Dec 27, 2018 $0.262800 $0.072800 $0.000300 $0.189700 Nov 28, 2018 $0.072300 $0.072300 — — Oct 29, 2018 $0.069700 $0.069700 — — Sep 26, 2018 $0.060000 $0.060000 — — Aug 29, 2018 $0.065500 $0.065500 — — Jul 27, 2018 $0.067400 $0.067400 — — Jun 27, 2018 $0.067800 $0.067800 — — May 29, 2018 $0.070300 $0.070300 — — Apr 26, 2018 $0.067800 $0.067800 — — Mar 27, 2018 $0.065200 $0.065200 — — Feb 26, 2018 $0.060200 $0.060200 — — Jan 29, 2018 $0.063700 $0.063700 — — Dec 27, 2017 $0.287300 $0.131000 $0.023000 $0.133300 Nov 27, 2017 $0.062800 $0.062800 — — Oct 26, 2017 $0.052600 $0.052600 — — Sep 26, 2017 $0.072800 $0.072800 — — Aug 28, 2017 $0.070200 $0.070200 — — Jul 26, 2017 $0.070200 $0.070200 — — Jun 27, 2017 $0.068600 $0.068600 — — May 25, 2017 $0.061600 $0.061600 — — Apr 25, 2017 $0.064200 $0.064200 — — Mar 28, 2017 $0.066600 $0.066600 — — Feb 23, 2017 $0.071900 $0.071900 — — Jan 26, 2017 $0.079100 $0.079100 — — Dec 27, 2016 $0.447900 $0.105800 $0.052000 $0.290100 Nov 25, 2016 $0.082800 $0.082800 — — Oct 26, 2016 $0.090200 $0.090200 — — Sep 27, 2016 $0.085200 $0.085200 — — Aug 26, 2016 $0.077700 $0.077700 — — Jul 26, 2016 $0.077700 $0.077700 — — Jun 27, 2016 $0.085300 $0.085300 — — May 25, 2016 $0.085200 $0.085200 — — Apr 26, 2016 $0.077800 $0.077800 — — Mar 28, 2016 $0.072800 $0.072800 — — Feb 24, 2016 $0.063000 $0.063000 — — Jan 26, 2016 $0.056800 $0.056800 — — Dec 28, 2015 $0.467800 $0.088500 $0.022700 $0.356600 Nov 24, 2015 $0.067800 $0.067800 — — Oct 27, 2015 $0.067700 $0.067700 — — Sep 25, 2015 $0.056800 $0.056800 — — Aug 26, 2015 $0.056700 $0.056700 — — Jul 28, 2015 $0.055200 $0.055200 — — Jun 25, 2015 $0.026100 $0.026100 — — May 26, 2015 $0.055100 $0.055100 — — Apr 27, 2015 $0.062000 $0.062000 — — Mar 26, 2015 $0.057100 $0.057100 — — Feb 24, 2015 $0.055700 $0.055700 — — Jan 27, 2015 $0.063800 $0.063800 — — Dec 26, 2014 $0.282000 $0.103500 — $0.178500 Nov 24, 2014 $0.059800 $0.059800 — — Oct 28, 2014 $0.057600 $0.057600 — — Sep 25, 2014 $0.060400 $0.060400 — — Aug 26, 2014 $0.064200 $0.064200 — — Jul 28, 2014 $0.068600 $0.068600 — — Jun 25, 2014 $0.065200 $0.065200 — — May 27, 2014 $0.070600 $0.070600 — — Apr 25, 2014 $0.074200 $0.074200 — — Mar 26, 2014 $0.075100 $0.075100 — — Feb 25, 2014 $0.072900 $0.072900 — — Jan 28, 2014 $0.076700 $0.076700 — — Dec 26, 2013 $0.090100 $0.090100 — — Nov 25, 2013 $0.082700 $0.082700 — — Oct 28, 2013 $0.075200 $0.075200 — — Sep 25, 2013 $0.080100 $0.080100 — — Aug 27, 2013 $0.072900 $0.072900 — — Jul 26, 2013 $0.062700 $0.062700 — — Jun 25, 2013 $0.067700 $0.067700 — — May 28, 2013 $0.085100 $0.085100 — — Apr 25, 2013 $0.067200 $0.067200 — — Mar 25, 2013 $0.065000 $0.065000 — — Feb 25, 2013 $0.063500 $0.063500 — — Jan 28, 2013 $0.080000 $0.080000 — — Dec 26, 2012 $0.155000 $0.155000 — — Nov 27, 2012 $0.082500 $0.082500 — — Oct 26, 2012 $0.084500 $0.084500 — — Sep 25, 2012 $0.084000 $0.084000 — — Aug 28, 2012 $0.085000 $0.085000 — — Jul 26, 2012 $0.086500 $0.086500 — — Jun 26, 2012 $0.081000 $0.081000 — — May 25, 2012 $0.089000 $0.089000 — — Apr 25, 2012 $0.090000 $0.090000 — — Mar 27, 2012 $0.093800 $0.093800 — — Feb 24, 2012 $0.090000 $0.090000 — — Jan 26, 2012 $0.091500 $0.091500 — — Dec 27, 2011 $0.100900 $0.100900 — — Nov 25, 2011 $0.095000 $0.095000 — — Oct 26, 2011 $0.092500 $0.092500 — — Sep 27, 2011 $0.088500 $0.088500 — — Aug 26, 2011 $0.092500 $0.092500 — — Jul 26, 2011 $0.092500 $0.092500 — — Jun 27, 2011 $0.092500 $0.092500 — — May 25, 2011 $0.097500 $0.097500 — — Apr 26, 2011 $0.100000 $0.100000 — — Mar 28, 2011 $0.100000 $0.100000 — — Feb 23, 2011 $0.110000 $0.110000 — — Jan 26, 2011 $0.110000 $0.110000 — — Dec 28, 2010 $0.170000 $0.170000 — — Nov 24, 2010 $0.095000 $0.095000 — — Oct 26, 2010 $0.095000 $0.095000 — — Sep 27, 2010 $0.090000 $0.090000 — — Aug 26, 2010 $0.090000 $0.090000 — — Jul 27, 2010 $0.095000 $0.095000 — — Jun 25, 2010 $0.085000 $0.085000 — — May 25, 2010 $0.092500 $0.092500 — — Apr 27, 2010 $0.092500 $0.092500 — — Mar 26, 2010 $0.092500 $0.092500 — — Feb 23, 2010 $0.086900 $0.086900 — — Jan 26, 2010 $0.100000 $0.100000 — — Dec 28, 2009 $0.079600 $0.079600 — — Nov 24, 2009 $0.094700 $0.094700 — — Oct 27, 2009 $0.105000 $0.105000 — — Sep 25, 2009 $0.115000 $0.115000 — — Aug 26, 2009 $0.115000 $0.115000 — — Jul 28, 2009 $0.115000 $0.115000 — — Jun 25, 2009 $0.115000 $0.115000 — — May 26, 2009 $0.115000 $0.115000 — — Apr 27, 2009 $0.110000 $0.110000 — — Mar 26, 2009 $0.105000 $0.105000 — — Feb 24, 2009 $0.105000 $0.105000 — — Jan 27, 2009 $0.110000 $0.110000 — — Dec 26, 2008 $0.404500 $0.120000 $0.118700 $0.165800 Nov 24, 2008 $0.142500 $0.142500 — — Oct 28, 2008 $0.100000 $0.100000 — — Sep 25, 2008 $0.125000 $0.125000 — — Aug 26, 2008 $0.122500 $0.122500 — — Jul 28, 2008 $0.122500 $0.122500 — — Jun 25, 2008 $0.120000 $0.120000 — — May 27, 2008 $0.120000 $0.120000 — — Apr 25, 2008 $0.110000 $0.110000 — — Mar 26, 2008 $0.110000 $0.110000 — — Feb 26, 2008 $0.105000 $0.105000 — — Jan 28, 2008 $0.110000 $0.110000 — — Dec 26, 2007 $0.129800 $0.125000 — $0.004800 Nov 27, 2007 $0.115000 $0.115000 — — Oct 26, 2007 $0.110000 $0.110000 — — Sep 25, 2007 $0.100000 $0.100000 — — Aug 28, 2007 $0.100000 $0.100000 — — Jul 26, 2007 $0.100000 $0.100000 — — Jun 26, 2007 $0.100000 $0.100000 — — May 25, 2007 $0.095000 $0.095000 — — Apr 25, 2007 $0.095000 $0.095000 — — Mar 27, 2007 $0.090000 $0.090000 — — Feb 23, 2007 $0.090000 $0.090000 — — Jan 26, 2007 $0.090000 $0.090000 — — Dec 26, 2006 $0.120000 $0.120000 — — Nov 27, 2006 $0.100000 $0.100000 — — Oct 26, 2006 $0.100000 $0.100000 — — Sep 26, 2006 $0.095000 $0.095000 — — Aug 28, 2006 $0.095000 $0.095000 — — Jul 26, 2006 $0.085000 $0.085000 — — Jun 27, 2006 $0.085000 $0.085000 — — May 25, 2006 $0.085000 $0.085000 — — Apr 25, 2006 $0.085000 $0.085000 — — Mar 28, 2006 $0.085000 $0.085000 — — Feb 23, 2006 $0.085000 $0.085000 — — Jan 26, 2006 $0.080000 $0.080000 — — Dec 27, 2005 $0.236500 $0.085000 $0.007500 $0.144000 Nov 25, 2005 $0.080000 $0.080000 — — Oct 26, 2005 $0.075000 $0.075000 — — Sep 27, 2005 $0.075000 $0.075000 — — Aug 26, 2005 $0.065000 $0.065000 — — Jul 26, 2005 $0.070000 $0.070000 — — Jun 27, 2005 $0.065000 $0.065000 — — May 25, 2005 $0.065000 $0.065000 — — Apr 26, 2005 $0.065000 $0.065000 — — Mar 28, 2005 $0.080000 $0.080000 — — Feb 23, 2005 $0.080000 $0.080000 — — Jan 26, 2005 $0.075000 $0.075000 — — Dec 28, 2004 $0.192300 $0.075000 $0.001300 $0.116000 Nov 24, 2004 $0.075000 $0.075000 — — Oct 26, 2004 $0.080000 $0.080000 — — Sep 27, 2004 $0.075000 $0.075000 — — Aug 26, 2004 $0.142000 $0.080000 $0.035000 $0.027000 Jul 27, 2004 $0.080000 $0.080000 — — Jun 25, 2004 $0.110000 $0.110000 — — May 25, 2004 $0.110000 $0.110000 — — Apr 27, 2004 $0.100000 $0.100000 — — Mar 26, 2004 $0.090000 $0.090000 — — Feb 24, 2004 $0.080000 $0.080000 — — Jan 27, 2004 $0.080000 $0.080000 — — Dec 26, 2003 $0.325000 $0.095000 $0.140000 $0.090000 Nov 24, 2003 $0.085000 $0.085000 — — Oct 28, 2003 $0.090000 $0.090000 — — Sep 25, 2003 $0.100000 $0.100000 — — Aug 26, 2003 $0.090000 $0.090000 — — Jul 28, 2003 $0.090000 $0.090000 — — Jun 25, 2003 $0.090000 $0.090000 — — May 27, 2003 $0.080000 $0.080000 — — Apr 25, 2003 $0.090000 $0.090000 — — Mar 26, 2003 $0.100000 $0.100000 — — Feb 26, 2003 $0.100000 $0.100000 — — Jan 28, 2003 $0.100000 $0.100000 — — Dec 26, 2002 $0.090000 $0.090000 — — Nov 25, 2002 $0.090000 $0.090000 — — Oct 28, 2002 $0.100000 $0.100000 — — Sep 25, 2002 $0.100000 $0.100000 — — Aug 27, 2002 $0.100000 $0.100000 — — Jul 26, 2002 $0.100000 $0.100000 — — Jun 25, 2002 $0.110000 $0.110000 — — May 28, 2002 $0.120000 $0.120000 — — Apr 25, 2002 $0.120000 $0.120000 — — Mar 25, 2002 $0.110000 $0.110000 — — Feb 25, 2002 $0.100000 $0.100000 — — Jan 28, 2002 $0.100000 $0.100000 — — Dec 26, 2001 $0.120000 $0.120000 — — Nov 27, 2001 $0.130000 $0.130000 — — Oct 26, 2001 $0.120000 $0.120000 — — Sep 25, 2001 $0.144000 $0.120000 — $0.024000 Aug 28, 2001 $0.110000 $0.110000 — — Jul 26, 2001 $0.120000 $0.120000 — — Jun 26, 2001 $0.120000 $0.120000 — — May 25, 2001 $0.120000 $0.120000 — — Apr 25, 2001 $0.120000 $0.120000 — — Mar 27, 2001 $0.130000 $0.130000 — — Feb 23, 2001 $0.120000 $0.120000 — — Jan 26, 2001 $0.120000 $0.120000 — — Dec 26, 2000 $0.110000 $0.110000 — — Nov 27, 2000 $0.120000 $0.120000 — — Oct 26, 2000 $0.130000 $0.130000 — — Sep 26, 2000 $0.130000 $0.130000 — — Aug 28, 2000 $0.290000 $0.120000 — $0.170000 Jul 26, 2000 $0.130000 $0.130000 — — Jun 27, 2000 $0.150000 $0.150000 — — May 25, 2000 $0.140000 $0.140000 — — Apr 25, 2000 $0.110000 $0.110000 — — Mar 28, 2000 $0.120000 $0.120000 — — Feb 24, 2000 $0.120000 $0.120000 — — Jan 26, 2000 $0.120000 $0.120000 — — Dec 28, 1999 $0.140000 $0.140000 — — Nov 24, 1999 $0.120000 $0.120000 — — Oct 26, 1999 $0.130000 $0.130000 — — Sep 27, 1999 $0.120000 $0.120000 — — Aug 26, 1999 $0.200000 $0.110000 $0.090000 — Jul 27, 1999 $0.100000 $0.100000 — — Jun 25, 1999 $0.100000 $0.100000 — — May 25, 1999 $0.110000 $0.110000 — — Apr 27, 1999 $0.140000 $0.140000 — — Mar 26, 1999 $0.130000 $0.130000 — — Feb 23, 1999 $0.110000 $0.110000 — — Jan 26, 1999 $0.140000 $0.140000 — — Dec 28, 1998 $0.990000 $0.140000 — $0.850000 Nov 24, 1998 $0.110000 $0.110000 — — Oct 27, 1998 $0.130000 $0.130000 — — Sep 25, 1998 $0.130000 $0.130000 — — Aug 26, 1998 $0.140000 $0.140000 — — Jul 28, 1998 $0.130000 $0.130000 — — Jun 25, 1998 $0.110000 $0.110000 — — May 26, 1998 $0.110000 $0.110000 — — Apr 27, 1998 $0.110000 $0.110000 — — Mar 26, 1998 $0.120000 $0.120000 — — Feb 24, 1998 $0.120000 $0.120000 — — Jan 27, 1998 $0.100000 $0.100000 — — Dec 26, 1997 $0.100000 $0.100000 — — Nov 24, 1997 $0.120000 $0.120000 — — Oct 28, 1997 $0.110000 $0.110000 — — Sep 25, 1997 $0.110000 $0.110000 — — Aug 26, 1997 $0.120000 $0.120000 — — Jul 28, 1997 $0.120000 $0.120000 — — Jun 25, 1997 $0.130000 $0.130000 — — May 27, 1997 $0.130000 $0.130000 — — Apr 25, 1997 $0.130000 $0.130000 — — Mar 25, 1997 $0.120000 $0.120000 — — Feb 25, 1997 $0.110000 $0.110000 — — Jan 28, 1997 $0.100000 $0.100000 — — Dec 26, 1996 $0.100000 $0.100000 — — Nov 25, 1996 $0.100000 $0.100000 — — Oct 28, 1996 $0.100000 $0.100000 — — Sep 25, 1996 $0.110000 $0.110000 — — Aug 27, 1996 $0.110000 $0.110000 — — Jul 26, 1996 $0.130000 $0.130000 — — Jun 25, 1996 $0.130000 $0.130000 — — May 28, 1996 $0.120000 $0.120000 — — Apr 25, 1996 $0.120000 $0.120000 — — Mar 26, 1996 $0.120000 $0.120000 — — Feb 26, 1996 $0.110000 $0.110000 — — Jan 26, 1996 $0.110000 $0.110000 — — Dec 26, 1995 $0.110000 $0.110000 — — Nov 27, 1995 $0.110000 $0.110000 — — Oct 26, 1995 $0.110000 $0.110000 — — Sep 26, 1995 $0.120000 $0.120000 — — Aug 28, 1995 $0.110000 $0.110000 — — Jul 26, 1995 $0.120000 $0.120000 — — Jun 27, 1995 $0.130000 $0.130000 — — May 25, 1995 $0.130000 $0.130000 — — Apr 25, 1995 $0.130000 $0.130000 — — Mar 28, 1995 $0.140000 $0.140000 — — Feb 23, 1995 $0.130000 $0.130000 — — Jan 26, 1995 $0.120000 $0.120000 — — Dec 30, 1994 $0.380000 $0.380000 — — Nov 25, 1994 $0.140000 $0.140000 — — Oct 26, 1994 $0.130000 $0.130000 — — Sep 27, 1994 $0.120000 $0.120000 — — Aug 26, 1994 $0.110000 $0.110000 — — Jul 26, 1994 $0.110000 $0.110000 — — Jun 27, 1994 $0.120000 $0.120000 — — May 25, 1994 $0.120000 $0.120000 — — Apr 26, 1994 $0.110000 $0.110000 — — Mar 28, 1994 $0.110000 $0.110000 — — Feb 23, 1994 $0.120000 $0.120000 — — Jan 26, 1994 $0.120000 $0.120000 — — Dec 28, 1993 $0.180000 $0.180000 — — Dec 21, 1993 $0.600000 — $0.530000 $0.070000 Nov 30, 1993 $0.130000 $0.130000 — — Oct 29, 1993 $0.120000 $0.120000 — — Sep 30, 1993 $0.120000 $0.120000 — — Sep 15, 1993 $0.070000 — $0.010000 $0.060000 Aug 31, 1993 $0.120000 $0.120000 — — Jul 30, 1993 $0.120000 $0.120000 — — Jun 30, 1993 $0.110000 $0.110000 — — May 28, 1993 $0.120000 $0.120000 — — Apr 30, 1993 $0.120000 $0.120000 — — Mar 31, 1993 $0.120000 $0.120000 — — Feb 26, 1993 $0.120000 $0.120000 — — Jan 29, 1993 $0.120000 $0.120000 — — Dec 31, 1992 $0.120000 $0.120000 — — Dec 16, 1992 $0.950000 — $0.730000 $0.220000 Nov 30, 1992 $0.120000 $0.120000 — — Oct 30, 1992 $0.120000 $0.120000 — — Sep 30, 1992 $0.110000 $0.110000 — — Aug 31, 1992 $0.120000 $0.120000 — — Jul 31, 1992 $0.110000 $0.110000 — — Jun 30, 1992 $0.120000 $0.120000 — — May 29, 1992 $0.130000 $0.130000 — — Apr 30, 1992 $0.130000 $0.130000 — — Mar 31, 1992 $0.130000 $0.130000 — — Feb 28, 1992 $0.130000 $0.130000 — — Jan 31, 1992 $0.140000 $0.140000 — — Dec 31, 1991 $0.140000 $0.140000 — — Dec 16, 1991 $0.450000 — — $0.450000 Nov 29, 1991 $0.140000 $0.140000 — — Oct 31, 1991 $0.140000 $0.140000 — — Sep 30, 1991 $0.130000 $0.130000 — — Aug 30, 1991 $0.140000 $0.140000 — — Jul 31, 1991 $0.130000 $0.130000 — — Jun 28, 1991 $0.140000 $0.140000 — — May 31, 1991 $0.150000 $0.150000 — — Apr 30, 1991 $0.140000 $0.140000 — — Mar 29, 1991 $0.150000 $0.150000 — — Feb 28, 1991 $0.160000 $0.160000 — — Jan 31, 1991 $0.160000 $0.160000 — — Dec 31, 1990 $0.160000 $0.160000 — — Nov 30, 1990 $0.150000 $0.150000 — — Oct 31, 1990 $0.150000 $0.150000 — — Sep 30, 1990 $0.230000 $0.230000 — — Aug 31, 1990 $0.150000 $0.150000 — — Jul 31, 1990 $0.150000 $0.150000 — — Jun 30, 1990 $0.150000 $0.150000 — — May 31, 1990 $0.160000 $0.160000 — — Apr 30, 1990 $0.160000 $0.160000 — — Mar 31, 1990 $0.160000 $0.160000 — — Feb 28, 1990 $0.150000 $0.150000 — — Jan 31, 1990 $0.170000 $0.170000 — — Dec 31, 1989 $0.170000 $0.170000 — — Nov 30, 1989 $0.160000 $0.160000 — — Oct 31, 1989 $0.170000 $0.170000 — — Sep 30, 1989 $0.170000 $0.170000 — — Aug 31, 1989 $0.180000 $0.180000 — — Jul 31, 1989 $0.160000 $0.160000 — — Jun 30, 1989 $0.150000 $0.150000 — — May 31, 1989 $0.150000 $0.150000 — — Apr 30, 1989 $0.160000 $0.160000 — — Mar 31, 1989 $0.150000 $0.150000 — — Feb 28, 1989 $0.150000 $0.150000 — — Jan 31, 1989 $0.150000 $0.150000 — — Dec 31, 1988 $0.160000 $0.160000 — — Nov 30, 1988 $0.140000 $0.140000 — — Oct 31, 1988 $0.150000 $0.150000 — — Sep 30, 1988 $0.140000 $0.140000 — — Aug 31, 1988 $0.150000 $0.150000 — — Jul 31, 1988 $0.140000 $0.140000 — — Jun 30, 1988 $0.140000 $0.140000 — — May 31, 1988 $0.160000 $0.160000 — — Apr 30, 1988 $0.150000 $0.150000 — — Mar 31, 1988 $0.160000 $0.160000 — — Feb 29, 1988 $0.160000 $0.160000 — — Jan 31, 1988 $0.160000 $0.160000 — — Dec 31, 1987 $0.150000 $0.150000 — — Nov 30, 1987 $0.160000 $0.160000 — — Oct 31, 1987 $0.140000 $0.140000 — — Sep 30, 1987 $0.140000 $0.140000 — — Aug 31, 1987 $0.160000 $0.160000 — — Jul 31, 1987 $0.150000 $0.150000 — — Jun 30, 1987 $1.080000 $0.170000 — $0.910000 May 31, 1987 $0.140000 $0.140000 — — Apr 30, 1987 $0.160000 $0.160000 — — Mar 31, 1987 $0.160000 $0.160000 — — Feb 28, 1987 $0.150000 $0.150000 — — Jan 31, 1987 $0.160000 $0.160000 — — Dec 31, 1986 $0.150000 $0.150000 — — Nov 30, 1986 $0.170000 $0.170000 — — Oct 31, 1986 $0.160000 $0.160000 — — Sep 30, 1986 $0.160000 $0.160000 — — Aug 31, 1986 $0.170000 $0.170000 — — Jul 31, 1986 $1.760000 $0.160000 — $1.600000 Jun 30, 1986 $0.180000 $0.180000 — — May 31, 1986 $0.180000 $0.180000 — — Apr 30, 1986 $0.160000 $0.160000 — — Mar 31, 1986 $0.180000 $0.180000 — — Feb 28, 1986 $0.190000 $0.190000 — — Jan 31, 1986 $0.180000 $0.180000 — — Dec 31, 1985 $0.190000 $0.190000 — — Nov 30, 1985 $0.180000 $0.180000 — — Oct 31, 1985 $0.180000 $0.180000 — — Sep 30, 1985 $0.200000 $0.200000 — — Aug 31, 1985 $0.190000 $0.190000 — — Jul 31, 1985 $0.180000 $0.180000 — — Jun 30, 1985 $0.770000 $0.180000 — $0.590000 May 31, 1985 $0.170000 $0.170000 — — Apr 30, 1985 $0.170000 $0.170000 — — Mar 31, 1985 $0.190000 $0.190000 — — Feb 28, 1985 $0.170000 $0.170000 — — Jan 31, 1985 $0.150000 $0.150000 — — Dec 31, 1984 $0.650000 $0.650000 — — Sep 30, 1984 $0.520000 $0.520000 — — From: To: Risk & Return Stats As of: 08/31/2023 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. 1.66 0.24 0.62 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. 6.72 6.76 5.23 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. -0.72 -0.15 0.19 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. 125.77 117.53 113.04 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. 100.79 110.38 100.54 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. 1.09 1.04 0.99 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. 93.89 69.77 65.41 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. 1.74 3.72 3.08 View All Characteristics & Stats All Characteristics & Stats GW&K ESG Bond Fund (MGFIX) Portfolio Characteristics (Fixed Income) Risk & Return Effective Maturity Fund Holdings Fund Bloomberg US Aggregate Bond Index Fund Assets (Mil.$) $465 Number of Holdings 132 13362 Average Effective Duration (years) 6.29 6.31 Average Modified Duration (years) 6.49 Convexity 0.27 0.6 Average Maturity (years) 8.59 8.6 Yield to Maturity 5.34% 4.81% Yield to Worst 5.34% 4.81% Current Yield 4.13% 3.21% SEC 30-Day Yield (%) 4.03% SEC 30-Day Yield (%) w/o fee 4.01% Average Coupon 3.86% 2.88% Average Price 91.71 89.79 Average Credit Quality A+ AA1/AA2 Trailing 12-Months Portfolio Turnover 18.06% % Callable 56.81% % Non-US 4.12% Adjustable Coupon 5.61% Step Coupon 0.00% Zero Coupon 0.00% As of: 06/30/2023 Risk & Return 3 Years 5 Years 10 Years 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. 1.66 0.24 0.62 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. 6.72 6.76 5.23 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. -0.72 -0.15 0.19 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. 125.77 117.53 113.04 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. 100.79 110.38 100.54 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. 1.09 1.04 0.99 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. 93.89 69.77 65.41 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. 1.74 3.72 3.08 Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. 0.68 0.05 0.18 Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. -4.46 -0.97 0.98 Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -16.85 -16.85 -16.85 As of: 08/31/2023 Maturity Fund Less Than 2 Years 5.88% 2 to 5 Years 24.53% 5 to 10 Years 48.22% 10 to 15 Years 5.67% More Than 15 Years 15.69% NA 0.00% As of: 06/30/2023 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Fixed) As of: 06/30/2023 United States Treasury Note/Bond Fixed 3.24% Freddie Mac Pool SD8142 Fixed 3.05% United States Treasury Note/Bond Fixed 2.28% Fannie Mae Pool MA3745 Fixed 2.17% Fannie Mae Pool FM3375 Fixed 2.14% United States Treasury Note/Bond Fixed 2.03% Fannie Mae Pool FM3229 Fixed 2.02% Freddie Mac Pool SD8045 Fixed 1.81% Fannie Mae Pool MA4305 Fixed 1.76% Freddie Mac Pool ZT1817 Fixed 1.66% % in Top 10 Holdings 22.17% View Holding Details Holding Details GW&K ESG Bond Fund (MGFIX) Top 10 Holdings (Fixed Income) All Holdings Fund Holdings Coupon Maturity % of Net Assets United States Treasury Note/Bond Fixed 2.25% May 2041 3.24% Freddie Mac Pool SD8142 Fixed 3% Apr 2051 3.05% United States Treasury Note/Bond Fixed 1.88% Feb 2051 2.28% Fannie Mae Pool MA3745 Fixed 3.5% Aug 2049 2.17% Fannie Mae Pool FM3375 Fixed 3.5% Feb 2035 2.14% United States Treasury Note/Bond Fixed 3.13% May 2048 2.03% Fannie Mae Pool FM3229 Fixed 3.5% Feb 2047 2.02% Freddie Mac Pool SD8045 Fixed 3.5% Feb 2050 1.81% Fannie Mae Pool MA4305 Fixed 2% Apr 2051 1.76% Freddie Mac Pool ZT1817 Fixed 4.5% Dec 2048 1.66% % in Top 10 Holdings 22.17% As of: 06/30/2023 Download All Holdings (PDF) As of: 08/31/2023 Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund Freddie Mac Pool SD8142 Fixed 3.00% Apr 2051 Mortgage-Backed Security B US USD 15,795,079 86.35 $13,639,021 3.02% United States Treasury Note/Bond Fixed 2.25% May 2041 U.S. Government B US USD 18,309,000 73.68 $13,490,729 2.98% Fannie Mae Pool MA3745 Fixed 3.50% Aug 2049 Mortgage-Backed Security B US USD 10,681,918 91.35 $9,757,901 2.16% Fannie Mae Pool FM3375 Fixed 3.50% Feb 2035 Mortgage-Backed Security B US USD 10,128,580 95.27 $9,649,484 2.13% United States Treasury Note/Bond Fixed 1.88% Feb 2051 U.S. Government B US USD 15,247,000 61.69 $9,406,089 2.08% Fannie Mae Pool FM3229 Fixed 3.50% Feb 2047 Mortgage-Backed Security B US USD 9,817,760 92.09 $9,041,489 2.00% Freddie Mac Pool SD3394 Fixed 5.50% Jul 2053 Mortgage-Backed Security B US USD 9,087,162 99.11 $9,005,972 1.99% United States Treasury Note/Bond Fixed 3.13% May 2048 U.S. Government B US USD 10,968,000 81.22 $8,908,073 1.97% Freddie Mac Pool SD8045 Fixed 3.50% Feb 2050 Mortgage-Backed Security B US USD 8,918,370 91.05 $8,120,472 1.80% Fannie Mae Pool MA4305 Fixed 2.00% Apr 2051 Mortgage-Backed Security B US USD 9,878,331 79.73 $7,875,945 1.74% Freddie Mac Pool ZT1817 Fixed 4.50% Dec 2048 Mortgage-Backed Security B US USD 7,770,843 96.47 $7,496,304 1.66% Fannie Mae Pool MA3384 Fixed 4.00% Jun 2048 Mortgage-Backed Security B US USD 7,787,831 94.00 $7,320,594 1.62% United States Treasury Note/Bond Fixed 3.50% Feb 2039 U.S. Government B US USD 7,727,000 91.92 $7,102,501 1.57% Freddie Mac Pool RC1890 Fixed 2.00% Mar 2036 Mortgage-Backed Security B US USD 8,060,724 87.80 $7,077,214 1.57% Fannie Mae Pool FM6468 Fixed 4.00% Jun 2049 Mortgage-Backed Security B US USD 7,083,804 93.64 $6,633,121 1.47% Fannie Mae Pool FM2893 Fixed 4.00% Jul 2044 Mortgage-Backed Security B US USD 5,692,829 95.00 $5,408,465 1.20% Merck & Co Inc Fixed 1.90% Dec 2028 Corporate B US USD 5,960,000 86.90 $5,179,274 1.15% AerCap Ireland Capital DAC Fixed 1.65% Oct 2024 Corporate B IE USD 5,300,000 95.07 $5,038,804 1.11% Eastman Chemical Co Fixed 5.75% Mar 2033 Corporate B US USD 4,810,000 98.63 $4,744,035 1.05% Alcoa Nederland Holding BV Fixed 4.13% Mar 2029 144A Corporate B NL USD 5,150,000 90.00 $4,634,888 1.03% Celanese US Holdings LLC Fixed 6.05% Mar 2025 Corporate B US USD 4,585,000 100.08 $4,588,839 1.02% Verizon Communications Inc Fixed 3.88% Feb 2029 Corporate B US USD 4,908,000 93.44 $4,586,003 1.01% JPMorgan Chase & Co Floating Sep 2027 Corporate B US USD 5,179,000 88.33 $4,574,648 1.01% United States Treasury Note/Bond Fixed 4.00% Feb 2028 U.S. Government B US USD 4,530,000 98.77 $4,474,260 0.99% Jacobs Engineering Group Inc Fixed 5.90% Mar 2033 Corporate B US USD 4,293,000 98.94 $4,247,438 0.94% Fannie Mae Pool FM7680 Fixed 3.50% Feb 2051 Mortgage-Backed Security B US USD 4,625,471 91.01 $4,209,712 0.93% Bank of New York Mellon Corp Floating Perpetual Corporate B US USD 4,300,000 97.02 $4,171,687 0.92% New Jersey Economic Development Authority Fixed 7.42% Feb 2029 Municipal Bond B US USD 3,550,000 107.07 $3,800,947 0.84% Massachusetts School Building Authority Fixed 1.75% Aug 2030 Municipal Bond B US USD 4,500,000 83.36 $3,751,178 0.83% Sysco Corp Fixed 2.40% Feb 2030 Corporate B US USD 4,275,000 84.49 $3,611,875 0.80% Fannie Mae Pool FM9141 Fixed 4.50% Jun 2049 Mortgage-Backed Security B US USD 3,727,897 96.80 $3,608,601 0.80% Northern States Power Co Fixed 2.90% Mar 2050 Corporate B US USD 5,365,000 65.79 $3,529,487 0.78% National Rural Utilities Cooperative Finance Corp Fixed 1.35% Mar 2031 Corporate B US USD 4,635,000 75.65 $3,506,351 0.78% Dominion Energy Inc Floating Perpetual Corporate B US USD 3,750,000 91.00 $3,412,500 0.76% Comcast Corp Fixed 4.65% Feb 2033 Corporate B US USD 3,467,000 97.54 $3,381,768 0.75% Los Angeles Unified School District Fixed 5.75% Jul 2034 Municipal Bond B US USD 3,225,000 104.43 $3,367,941 0.75% California Health Facilities Financing Authority Fixed 4.19% Jun 2037 Municipal Bond B US USD 3,500,000 90.64 $3,172,279 0.70% Toll Brothers Finance Corp Fixed 4.88% Mar 2027 Corporate B US USD 3,250,000 97.07 $3,154,775 0.70% Tenet Healthcare Corp Fixed 4.88% Jan 2026 Corporate B US USD 3,250,000 96.94 $3,150,492 0.70% Ashtead Capital Inc Fixed 1.50% Aug 2026 144A Corporate B US USD 3,536,000 88.79 $3,139,689 0.69% Centene Corp Fixed 3.38% Feb 2030 Corporate B US USD 3,650,000 85.58 $3,123,658 0.69% Cogent Communications Group Inc Fixed 3.50% May 2026 144A Corporate B US USD 3,365,000 92.58 $3,115,302 0.69% Bank of America Corp Floating Apr 2027 Corporate B US USD 3,272,000 94.74 $3,099,951 0.69% University of California Fixed 1.70% May 2029 Municipal Bond B US USD 3,650,000 84.49 $3,083,735 0.68% Lamar Media Corp Fixed 4.88% Jan 2029 Corporate B US USD 3,250,000 93.00 $3,022,500 0.67% Sonoco Products Co Fixed 2.85% Feb 2032 Corporate B US USD 3,682,000 82.03 $3,020,202 0.67% Vmware Inc Fixed 3.90% Aug 2027 Corporate B US USD 3,200,000 94.23 $3,015,450 0.67% SLM Corp Fixed 3.13% Nov 2026 Corporate B US USD 3,365,000 89.00 $2,994,850 0.66% Murphy Oil USA Inc Fixed 4.75% Sep 2029 Corporate B US USD 3,250,000 91.71 $2,980,575 0.66% Ball Corp Fixed 2.88% Aug 2030 Corporate B US USD 3,625,000 81.80 $2,965,295 0.66% Wells Fargo & Co Floating Oct 2030 Corporate B US USD 3,435,000 85.57 $2,939,494 0.65% Dell Inc Fixed 7.10% Apr 2028 Corporate B US USD 2,750,000 106.62 $2,931,925 0.65% Aramark Services Inc Fixed 5.00% Feb 2028 144A Corporate B US USD 3,120,000 93.29 $2,910,697 0.64% United Rentals North America Inc Fixed 3.88% Feb 2031 Corporate B US USD 3,400,000 85.54 $2,908,237 0.64% JobsOhio Beverage System Fixed 2.83% Jan 2038 Municipal Bond B US USD 3,700,000 78.48 $2,903,707 0.64% Novelis Corp Fixed 3.25% Nov 2026 144A Corporate B US USD 3,175,000 90.60 $2,876,587 0.64% Teleflex Inc Fixed 4.25% Jun 2028 144A Corporate B US USD 3,100,000 91.86 $2,847,721 0.63% Fannie Mae Pool FM5137 Fixed 5.00% May 2050 Mortgage-Backed Security B US USD 2,882,600 98.53 $2,840,146 0.63% State Of California Fixed 7.55% Apr 2039 Municipal Bond B US USD 2,300,000 123.39 $2,837,901 0.63% First-Citizens Bank & Trust Co Fixed 6.13% Mar 2028 Corporate B US USD 2,825,000 100.45 $2,837,787 0.63% Hasbro Inc Fixed 3.90% Nov 2029 Corporate B US USD 3,120,000 90.68 $2,829,156 0.63% Weyerhaeuser Co Fixed 6.88% Dec 2033 Corporate B US USD 2,600,000 108.59 $2,823,282 0.62% HB Fuller Co Fixed 4.25% Oct 2028 Corporate B US USD 3,150,000 89.24 $2,811,186 0.62% Morgan Stanley Floating Jan 2030 Corporate B US USD 2,948,000 94.97 $2,799,576 0.62% Prime Security Services Borrower LLC Fixed 5.75% Apr 2026 144A Corporate B US USD 2,800,000 98.13 $2,747,766 0.61% Freeport-McMoRan Inc Fixed 4.63% Aug 2030 Corporate B US USD 2,961,000 92.48 $2,738,458 0.61% SBA Communications Corp Fixed 3.88% Feb 2027 Corporate B US USD 2,950,000 92.46 $2,727,483 0.60% Commonwealth of Massachusetts Fixed 4.11% Jul 2031 Municipal Bond B US USD 2,757,386 97.29 $2,682,703 0.59% Broadcom Corp Fixed 3.88% Jan 2027 Corporate B US USD 2,819,000 95.02 $2,678,499 0.59% Crown Americas LLC Fixed 4.25% Sep 2026 Corporate B US USD 2,850,000 93.94 $2,677,377 0.59% Delta Air Lines Inc Fixed 7.38% Jan 2026 Corporate B US USD 2,600,000 102.88 $2,675,003 0.59% HCA Inc Fixed 3.50% Sep 2030 Corporate B US USD 3,050,000 87.34 $2,663,948 0.59% Mueller Water Products Inc Fixed 4.00% Jun 2029 144A Corporate B US USD 3,000,000 88.57 $2,657,010 0.59% Yum! Brands Inc Fixed 3.63% Mar 2031 Corporate B US USD 3,050,000 84.80 $2,586,474 0.57% Fannie Mae Pool FS0472 Fixed 4.50% May 2048 Mortgage-Backed Security B US USD 2,628,551 97.42 $2,560,732 0.57% FMG Resources August 2006 Pty Ltd Fixed 4.50% Sep 2027 144A Corporate B AU USD 2,750,000 92.26 $2,537,123 0.56% Graphic Packaging International LLC Fixed 3.50% Mar 2029 144A Corporate B US USD 2,850,000 85.72 $2,443,110 0.54% United States Treasury Note/Bond Fixed 5.00% May 2037 U.S. Government B US USD 2,221,000 109.32 $2,427,917 0.54% Hilton Domestic Operating Co Inc Fixed 4.88% Jan 2030 Corporate B US USD 2,600,000 93.29 $2,425,569 0.54% United States Treasury Note/Bond Fixed 1.25% May 2050 U.S. Government B US USD 4,625,000 52.27 $2,417,466 0.53% Clean Harbors Inc Fixed 4.88% Jul 2027 144A Corporate B US USD 2,520,000 95.55 $2,407,873 0.53% Bank of America Corp Floating Mar 2050 Corporate B US USD 2,775,000 84.71 $2,350,712 0.52% US Bancorp Floating Jun 2029 Corporate B US USD 2,350,000 99.78 $2,344,867 0.52% SK Hynix Inc Fixed 2.38% Jan 2031 144A Corporate B KR USD 3,000,000 77.69 $2,330,758 0.52% Huntington Bancshares Inc Floating Aug 2028 Corporate B US USD 2,430,000 94.07 $2,285,873 0.51% Travel + Leisure Co Fixed 5.65% Apr 2024 Corporate B US USD 2,300,000 99.29 $2,283,559 0.51% Korea Development Bank Fixed 0.50% Oct 2023 Foreign Government B KR USD 2,299,000 99.25 $2,281,790 0.50% Truist Financial Corp Floating Jun 2034 Corporate B US USD 2,288,000 99.08 $2,266,989 0.50% PNC Financial Services Group Inc Floating Jan 2034 Corporate B US USD 2,386,000 94.72 $2,260,014 0.50% Kraft Heinz Foods Co Fixed 4.63% Oct 2039 Corporate B US USD 2,480,000 88.08 $2,184,261 0.48% Crown Castle Inc Fixed 4.00% Mar 2027 Corporate B US USD 2,300,000 94.93 $2,183,335 0.48% Port Authority of New York & New Jersey Fixed 6.04% Dec 2029 Municipal Bond B US USD 2,000,000 105.62 $2,112,328 0.47% Morgan Stanley Fixed 3.95% Apr 2027 Corporate B US USD 2,200,000 94.33 $2,075,209 0.46% PulteGroup Inc Fixed 6.00% Feb 2035 Corporate B US USD 2,050,000 100.53 $2,060,878 0.46% AT&T Inc Fixed 4.30% Feb 2030 Corporate B US USD 2,200,000 93.24 $2,051,203 0.45% Anheuser-Busch InBev Worldwide Inc Fixed 4.38% Apr 2038 Corporate B US USD 2,200,000 91.56 $2,014,403 0.45% Walgreens Boots Alliance Inc Fixed 4.80% Nov 2044 Corporate B US USD 2,520,000 78.24 $1,971,764 0.44% Goldman Sachs Group Inc Fixed 6.75% Oct 2037 Corporate B US USD 1,850,000 106.02 $1,961,293 0.43% Owens Corning Fixed 7.00% Dec 2036 Corporate B US USD 1,800,000 108.70 $1,956,534 0.43% CCO Holdings LLC Fixed 5.50% May 2026 144A Corporate B US USD 2,000,000 97.67 $1,953,331 0.43% Penske Automotive Group Inc Fixed 3.50% Sep 2025 Corporate B US USD 2,000,000 95.22 $1,904,379 0.42% Discovery Communications LLC Fixed 3.95% Mar 2028 Corporate B US USD 2,047,000 93.00 $1,903,806 0.42% American Tower Corp Fixed 4.40% Feb 2026 Corporate B US USD 1,900,000 97.31 $1,848,845 0.41% Twilio Inc Fixed 3.88% Mar 2031 Corporate B US USD 2,194,000 83.76 $1,837,730 0.41% Western Digital Corp Fixed 4.75% Feb 2026 Corporate B US USD 1,916,000 95.34 $1,826,763 0.40% KB Home Fixed 6.88% Jun 2027 Corporate B US USD 1,751,000 100.99 $1,768,333 0.39% VF Corp Fixed 2.95% Apr 2030 Corporate B US USD 2,100,000 82.98 $1,742,597 0.39% CommonSpirit Health Fixed 3.35% Oct 2029 Corporate B US USD 1,950,000 89.12 $1,737,899 0.38% Parker-Hannifin Corp Fixed 3.25% Jun 2029 Corporate B US USD 1,900,000 90.42 $1,717,908 0.38% Ford Foundation Fixed 2.42% Jun 2050 Corporate B US USD 2,725,000 62.85 $1,712,556 0.38% Clearwater Paper Corp Fixed 4.75% Aug 2028 144A Corporate B US USD 1,950,000 87.28 $1,701,941 0.38% Fannie Mae Pool CA8645 Fixed 4.00% Jan 2051 Mortgage-Backed Security B US USD 1,806,015 92.94 $1,678,448 0.37% United Parcel Service Inc Fixed 6.20% Jan 2038 Corporate B US USD 1,500,000 111.78 $1,676,703 0.37% Starwood Property Trust Inc Fixed 4.75% Mar 2025 Corporate B US USD 1,700,000 96.67 $1,643,455 0.36% Walmart Inc Fixed 4.05% Jun 2048 Corporate B US USD 1,850,000 87.96 $1,627,250 0.36% MSCI Inc Fixed 3.25% Aug 2033 144A Corporate B US USD 2,015,000 80.45 $1,621,143 0.36% Microsoft Corp Fixed 2.52% Jun 2050 Corporate B US USD 2,450,000 66.10 $1,619,569 0.36% Freddie Mac Pool ZT0794 Fixed 4.50% Oct 2048 Mortgage-Backed Security B US USD 1,639,249 96.59 $1,583,352 0.35% AECOM Fixed 5.13% Mar 2027 Corporate B US USD 1,650,000 95.94 $1,583,069 0.35% Howmet Aerospace Inc Fixed 6.88% May 2025 Corporate B US USD 1,550,000 100.70 $1,560,804 0.35% Home Depot Inc Fixed 5.88% Dec 2036 Corporate B US USD 1,450,000 107.29 $1,555,642 0.34% United States Treasury Note/Bond Fixed 2.50% Feb 2046 U.S. Government B US USD 2,096,000 72.70 $1,523,858 0.34% Citigroup Inc Floating Perpetual Corporate B US USD 1,550,000 96.41 $1,494,394 0.33% Cisco Systems Inc Fixed 5.50% Jan 2040 Corporate B US USD 1,400,000 103.78 $1,452,888 0.32% Advocate Health & Hospitals Corp Fixed 4.27% Aug 2048 Corporate B US USD 1,700,000 84.92 $1,443,600 0.32% Air Products And Chemicals Inc Fixed 2.70% May 2040 Corporate B US USD 1,950,000 72.76 $1,418,902 0.31% Air Products and Chemicals Inc Fixed 4.80% Mar 2033 Corporate B US USD 1,421,000 99.37 $1,412,080 0.31% Fannie Mae Pool FM5891 Fixed 3.50% Jan 2048 Mortgage-Backed Security B US USD 1,383,236 91.39 $1,264,100 0.28% Methanex Corp Fixed 5.13% Oct 2027 Corporate B CA USD 1,205,000 93.80 $1,130,254 0.25% Dell International LLC Fixed 8.10% Jul 2036 Corporate B US USD 972,000 114.89 $1,116,715 0.25% KB Home Fixed 4.80% Nov 2029 Corporate B US USD 1,222,000 90.20 $1,102,244 0.24% American Express Co Floating Perpetual Corporate B US USD 1,195,000 83.25 $994,838 0.22% Dallas Fort Worth International Airport Fixed 4.51% Nov 2051 Municipal Bond B US USD 1,000,000 89.55 $895,493 0.20% Toyota Auto Receivables 2021-B Owner Trust Fixed 0.53% Oct 2026 Asset-Backed Security B US USD 858,000 92.65 $794,896 0.18% SLM Corp Fixed 4.20% Oct 2025 Corporate B US USD 838,000 94.05 $788,105 0.17% Twilio Inc Fixed 3.63% Mar 2029 Corporate B US USD 600,000 85.79 $514,760 0.11% Cash & Equivalents Cash C US USD - - $8,297,445 1.84% Read Important Investment Disclosures Read Important Investment Disclosures Sector Allocation (Fixed) As of: 06/30/2023 View Allocation Details Allocation Details GW&K ESG Bond Fund (MGFIX) Sector Allocation (Fixed Income) Credit Allocation Sector Sort Order Fund Bloomberg US Aggregate Bond Index U.S. Agency 10 0.00% 1.09% U.S. Treasury 20 12.93% 41.03% Sovereign Debt 30 0.96% 3.96% Corporate 60 53.21% 24.79% Investment Grade 70 35.45% 24.79% Non-Investment Grade & Not Rated 100 17.76% 0.00% Mortgage-Backed Security 130 24.44% 28.65% Asset-Backed Security 170 0.00% 0.47% Municipal Bond 180 6.42% 0.00% Other Bonds 190 0.00% 0.00% Interest Rate Futures 200 0.00% 0.00% Equity Futures 210 0.00% 0.00% Swaps, Caps, and Floors 220 0.00% 0.00% Preferred Stock 230 0.00% 0.00% Options 240 0.00% 0.00% Other Sectors 250 0.00% 0.00% Cash 270 2.03% As of: 06/30/2023 Credit 06/30/2023 Treasury 13.20% Agency 24.94% AAA 2.38% AA 9.04% A 8.98% BBB 23.32% BB 18.13% B 0.00% CCC 0.00% CC 0.00% C 0.00% D 0.00% Not Rated 0.00% As of: 06/30/2023 Read Important Investment Disclosures Investment Approach Investment Approach GW&K ESG Bond 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 GW&K ESG Bond Fund Introduction Mary Kane and Stephen Repoff of GW&K Investment Management provide an overview of the firm's investment philosophy and the GW&K ESG Bond strategy. View Webcast 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. Read Blog 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 More Products 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 Details TLEVX GW&K Emerging Markets Equity Fund Seeks to provide long-term capital appreciation by investing in companies located in emerging market countries. View Fund Details 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. View Fund Details 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. View Fund Details MBEAX GW&K Global Allocation Fund Long-term capital appreciation and moderate current income View Fund Details MGGBX GW&K High Income Fund The Fund seeks high income. View Fund Details MECAX GW&K International Small Cap Fund Seeks long-term capital appreciation. View Fund Details 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. View Fund Details MESHX GW&K Municipal Enhanced SMA Shares View Fund Details 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. View Fund Details 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. View Fund Details SKSEX GW&K Small Cap Value Fund Seeks capital appreciation. View Fund Details GWGVX GW&K Small/Mid Cap Core 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 Details 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. View Fund Details Read Important Investment Disclosures Founded 1974 Headquarters Boston, MA Affiliate Since 2008 Discover how the boutique advantage helps generate alpha. Learn More About AMG