Fund Notice

Effective March 19, 2021, the subadviser of AMG Managers LMCG Small Cap Growth Fund (the “Fund”) changed from LMCG Investments, LLC to GW&K Investment Management, LLC (“GW&K”). The appointment of GW&K is pursuant to an interim subadvisory agreement in anticipation of shareholder approval of a definitive subadvisory agreement. Also effective March 19, 2021, the Fund changed its name to AMG GW&K Small Cap Fund II and changed its principal investment strategies and principal risks. Furthermore, effective May 21, 2021, the Fund changed its name to AMG GW&K Small/Mid Cap Growth Fund and made changes to its principal investment strategies. For more information regarding these and other changes to the Fund, please see the Fund’s prospectus.

This is part of a larger strategic business initiative to transition to a fund lineup entirely sub-advised by AMG Affiliates. We believe clients will benefit from a streamlined platform wholly focused on AMG Affiliates’ high-conviction investment offerings, including fee reductions, subject to shareholder approval, across all the strategies involved in the transition. Please see this Fund’s prospectus for further details on the fee reduction.

Fund Overview

Fund Overview

Share Class

Z

NAV | as of 05/19/2022

$13.63
+$0.15 (+1.11%)

Morningstar | Style Box

V B G L M S

Growth of $10,000 (Hypothetical)

Since Inception 08/31/2021 to 04/30/2022 = $8,116.46

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

Why Consider

  • Provides investors with exposure to a portfolio of small and mid cap growth companies
  • Manages risk with a sell discipline and exposure limits for each company and diversification of sector and growth profiles embedded in the portfolio construction process
  • Employs a fundamental, research-oriented investment process that is built on the belief that a company’s ability to generate consistent, long-term sustainable earnings growth will drive enhanced stock price performance over time

Daniel L. Miller, CFA

PARTNER AND DIRECTOR OF EQUITIES

Joseph C. Craigen, CFA

PARTNER AND 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: 1.02%
  • Net Expense Ratio: 0.82%
  • Expense Cap Expiration Date: 03/01/2023

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 03/31/2022

Gartner Inc 3.04%
Catalent Inc 2.54%
Paylocity Holding Corp 2.38%
Manhattan Associates Inc 2.21%
Matador Resources Co, Class A 2.18%
HubSpot Inc 2.07%
Rapid7 Inc 2.03%
Entegris Inc 2.01%
Ritchie Bros Auctioneers Inc 1.80%
Globant SA 1.79%
% in Top 10 Holdings 22.05%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 03/31/2022

View Allocation Details

Investment Approach

Investment Approach

GW&K Small/Mid Cap Growth Fund

The Fund primarily invests in small and mid cap growth companies. The Fund identifies new investments based on five attributes:

  1. Company Management: The Fund seeks companies with experienced, tenured, high-quality management
  2. Growth Profile: The Fund favors companies with business models that have typically delivered consistent long-term growth
  3. Market Positioning: The Fund targets leading companies in attractive and defensible niche markets
  4. Financial Strength: The Fund invests in companies with strong financial characteristics
  5. Valuation: The Fund will seek attractive valuation relative to industry, peers, and own company history

The Fund will ordinarily invest in approximately 55-85 stocks. GW&K intends for the Fund’s portfolio to be diversified as to companies and industries.

Additional Fund Highlight

Risk management parameters, including exposure limits for each company and diversification of sector and growth profiles, are embedded in the portfolio construction process.

GW&K Small/Mid Cap Growth Fund Introduction

An introduction to GW&K Investment Management and the AMG GW&K Small/Mid Cap Growth Fund

View Webcast

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.

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

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.

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

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 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

Discover how the boutique advantage helps generate alpha.

Learn More About AMG