GW&K High Income Fund  (MGGBX)

Fund Overview

Fund Overview

Share Class

N

  • N

NAV | as of 10/27/2021

$22.55
-$0.01 (-0.05%)

Morningstar | Style Box

L M E H M L

Growth of $10,000 (Hypothetical)

Since Inception 03/25/1994 to 09/30/2021 = $48,751.07

  • 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 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. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Objective

The Fund seeks high income

Why Consider

  • May be appropriate for investors seeking a short term high income investment
  • Employs a research intensive investment process combining quantitative screening tools with in-depth security specific research
  • Manages risk by limiting duration and focusing on the highest quality of non-investment grade corporate bonds
Mary F. Kane, CFA

Mary F. Kane, CFA

Partner and Portfolio Manager

See Our Approach Read Bio
Stephen J. Repoff, CFA

Stephen J. Repoff, CFA

Principal, Portfolio Manager

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

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 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. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Expense Ratios

  • Gross Expense Ratio: 1.78%
  • Net Expense Ratio: 0.84%
  • 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
      Oct 27, 2021 $0.058200 $0.058200
      Sep 28, 2021 $0.058300 $0.058300
      Aug 27, 2021 $0.059600 $0.059600
      Jul 28, 2021 $0.058600 $0.058600
      Jun 28, 2021 $0.055300 $0.055300
      May 26, 2021 $0.061100 $0.061100
      Apr 28, 2021 $0.039300 $0.039300
      Mar 29, 2021 $0.026200 $0.026200
      Dec 9, 2020 $1.888100 $0.480600 $0.320400 $1.087100
      Dec 16, 2019 $0.067100 $0.067100
      Dec 27, 2018 $0.139900 $0.139900
      Dec 28, 2015 $0.276000 $0.276000
      Dec 26, 2014 $0.372300 $0.372300
      Dec 26, 2013 $0.582200 $0.582200
      Dec 26, 2012 $0.790600 $0.790600
      Dec 27, 2011 $0.683700 $0.683700
      Dec 28, 2010 $0.856400 $0.856400
      Dec 28, 2009 $2.221700 $2.221700
      Dec 26, 2008 $2.211400 $2.186100 $0.025300
      Dec 26, 2007 $1.435000 $1.426000 $0.009000
      Dec 26, 2006 $0.516000 $0.489000 $0.027000
      Dec 27, 2005 $1.072000 $0.773000 $0.052000 $0.247000
      Dec 28, 2004 $1.953000 $1.340000 $0.089000 $0.524000
      Dec 26, 2003 $2.620000 $2.090000 $0.360000 $0.170000
      Dec 26, 2002 $0.769000 $0.553000 $0.216000
      Dec 26, 2001 $0.250000 $0.250000
      Dec 26, 2000 $0.124500 $0.124500
      Dec 28, 1999 $0.710000 $0.480000 $0.230000
      Dec 28, 1998 $2.550000 $1.160000 $1.230000 $0.160000
      Dec 26, 1997 $0.510000 $0.170000 $0.340000
      Dec 26, 1996 $1.010000 $0.600000 $0.360000 $0.050000
      Sep 25, 1996 $0.200000 $0.200000
      Jun 25, 1996 $0.050000 $0.050000
      Mar 26, 1996 $0.020000 $0.020000
      Dec 26, 1995 $0.290000 $0.290000
      Sep 26, 1995 $0.300000 $0.300000
      Jun 27, 1995 $0.300000 $0.300000
      Mar 28, 1995 $0.080000 $0.080000
      Dec 30, 1994 $0.360000 $0.360000
      Sep 27, 1994 $0.100000 $0.100000
      Jun 27, 1994 $0.150000 $0.150000

Risk & Return Stats

As of: 09/30/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Fixed)

As of: 09/30/2021

Allegheny Technologies Inc Fixed 2.51%
General Electric Co Floating Perpetual 2.30%
Starwood Property Trust Inc Fixed 2.28%
Hudbay Minerals Inc Fixed 144A 2.17%
Telecom Italia SpA Fixed 144A 2.10%
Service Properties Trust Fixed 1.97%
Ovintiv Exploration Inc Fixed 1.92%
Ford Motor Co Fixed 1.89%
Apache Corp Fixed 1.84%
SLM Corp Fixed 1.49%
% in Top 10 Holdings 20.48%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Fixed)

As of: 09/30/2021

Investment Approach

Investment Approach

GW&K High Income Fund

  •  The Fund invests in a diversified portfolio of short-term, non-investment grade corporate bonds, which have the potential to generate high income and strong total return over the long term while assuming manageable levels of risk
  • GW&K believes the short-term segment of the high yield corporate sector provides attractive returns with lower volatility compared to the overall high yield market
  • Under normal market conditions, the Fund invests in bonds with maturities less than five years and seeks to target bonds with an average rating of BB
  • GW&K employs a research intensive process which seeks out relative value opportunities within the corporate bond universe based on their assessment of macro-economic conditions and sound fundamental credit research
  • Uses bottom-up research that focuses on fundamental, valuation, technical and ESG factor analysis
  • A strong risk management process is used to achieve portfolio diversification, manage credit risk, and set sector, quality and issuer limits

Keep Calm and Remain Diversified

 
A short- and long-term review of the power of diversification.
Read Full Perspective

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 Funds 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

MGBIX

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.

View Fund Details

MBEAX

GW&K Global Allocation Fund

Long-term capital appreciation and moderate current 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

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

ACWIX

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

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

GWGIX

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.

View Fund Details

Founded

1974


Headquarters

Boston, MA


Affiliate Since

2008

Funds to Consider

MBDFX

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.


Overall Morningstar Rating

Rated against 376 Intermediate Core Bond funds as of 09/30/2021
★★★★

View Morningstar Details

MBDFX
Bloomberg U.S. Aggregate Bond Index

Quarterly performance (%) data as of 09/30/2021

Fund Detail Read Important Investment Disclosures

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.


Overall Morningstar Rating

Rated against 571 Intermediate Core-Plus Bond funds as of 09/30/2021
★★★

View Morningstar Details

MFDAX
Bloomberg U.S. Aggregate Bond Index

Quarterly performance (%) data as of 09/30/2021

Fund Detail Read Important Investment Disclosures

Discover how the boutique advantage helps generate alpha.

Learn More About AMG
  Back To Top