GW&K Core Bond ESG Fund  (MBDLX)

Fund Overview

Fund Overview

Share Class

Z

NAV | as of 10/26/2020

$10.96
+$0.02 (+0.18%)

Morningstar | Style Box

L M E H M L

Overall Morningstar Rating


Rated against 380 Intermediate Core Bond funds as of 09/30/2020

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 05/08/2015 to 09/30/2020 = $12,203.81

  • 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

Documents

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Mary F. Kane, CFA

Mary F. Kane, CFA

Partner and 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. 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: 0.55%
  • Net Expense Ratio: 0.48%
  • Expense Cap Expiration Date: 03/01/2021

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Sep 28, 2020 $0.016600 $0.016600
      Aug 27, 2020 $0.016200 $0.016200
      Jul 29, 2020 $0.016600 $0.016600
      Jun 26, 2020 $0.017200 $0.017200
      May 27, 2020 $0.018500 $0.018500
      Apr 28, 2020 $0.018600 $0.018600
      Mar 27, 2020 $0.020100 $0.020100
      Feb 26, 2020 $0.020800 $0.020800
      Jan 29, 2020 $0.018600 $0.018600
      Dec 16, 2019 $0.024700 $0.024700
      Nov 26, 2019 $0.022500 $0.022500
      Oct 29, 2019 $0.021500 $0.021500
      Sep 26, 2019 $0.020500 $0.020500
      Aug 28, 2019 $0.021300 $0.021300
      Jul 29, 2019 $0.021500 $0.021500
      Jun 26, 2019 $0.021400 $0.021400
      May 29, 2019 $0.022500 $0.022500
      Apr 26, 2019 $0.021000 $0.021000
      Mar 27, 2019 $0.022000 $0.022000
      Feb 26, 2019 $0.020500 $0.020500
      Jan 29, 2019 $0.020200 $0.020200
      Dec 27, 2018 $0.024700 $0.024700
      Nov 28, 2018 $0.021400 $0.021400
      Oct 29, 2018 $0.019500 $0.019500
      Sep 26, 2018 $0.020200 $0.020200
      Aug 29, 2018 $0.020200 $0.020200
      Jul 27, 2018 $0.019000 $0.019000
      Jun 27, 2018 $0.018700 $0.018700
      May 29, 2018 $0.019500 $0.019500
      Apr 26, 2018 $0.017300 $0.017300
      Mar 27, 2018 $0.018500 $0.018500
      Feb 26, 2018 $0.018500 $0.018500
      Jan 29, 2018 $0.017000 $0.017000
      Dec 27, 2017 $0.021000 $0.021000
      Nov 27, 2017 $0.018000 $0.018000
      Oct 26, 2017 $0.018000 $0.018000
      Sep 26, 2017 $0.018000 $0.018000
      Aug 28, 2017 $0.018000 $0.018000
      Jul 26, 2017 $0.018000 $0.018000
      Jun 27, 2017 $0.018000 $0.018000
      May 25, 2017 $0.018000 $0.018000
      Apr 25, 2017 $0.017500 $0.017500
      Mar 28, 2017 $0.020000 $0.020000
      Feb 23, 2017 $0.018000 $0.018000
      Jan 26, 2017 $0.017000 $0.017000
      Dec 27, 2016 $0.017800 $0.017800
      Nov 25, 2016 $0.018000 $0.018000
      Oct 26, 2016 $0.018000 $0.018000
      Sep 27, 2016 $0.017500 $0.017500
      Aug 26, 2016 $0.018000 $0.018000
      Jul 26, 2016 $0.019000 $0.019000
      Jun 27, 2016 $0.018000 $0.018000
      May 25, 2016 $0.018000 $0.018000
      Apr 26, 2016 $0.018000 $0.018000
      Mar 28, 2016 $0.018000 $0.018000
      Feb 24, 2016 $0.016000 $0.016000
      Jan 26, 2016 $0.016000 $0.016000
      Dec 28, 2015 $0.254800 $0.015700 $0.239100
      Nov 24, 2015 $0.019000 $0.019000
      Oct 27, 2015 $0.019000 $0.019000
      Sep 25, 2015 $0.019000 $0.019000
      Aug 26, 2015 $0.016000 $0.016000
      Jul 28, 2015 $0.016000 $0.016000
      Jun 25, 2015 $0.015000 $0.015000
      May 26, 2015 $0.015000 $0.015000

Risk & Return Stats

As of: 09/30/2020

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Fixed)

As of: 09/30/2020

United States Treasury Note/Bond Fixed 4.43%
Freddie Mac Pool SB0097 Fixed 2.33%
Fannie Mae Pool AL0395 Fixed 2.32%
Fannie Mae Pool 930921 Fixed 2.10%
Fannie Mae Pool 930922 Fixed 2.08%
State Of California Fixed 2.06%
Oracle Corp Fixed 2.04%
Freddie Mac Pool RA3194 Fixed 2.01%
Verizon Communications Inc Fixed 1.99%
Fannie Mae Pool CA1354 Fixed 1.97%
% in Top 10 Holdings 23.33%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Fixed)

As of: 09/30/2020

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

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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

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Founded

1974


Headquarters

Boston, MA


Affiliate Since

2008

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