GW&K Core Bond Fund  (MBGVX)

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

L M E H M L

NAV | as of 09/18/2017

$10.17
-$0.01 (-0.10%)

Quarterly Performance (%) |
vs. Benchmark as of 06/30/2017

Fund Inception 05/08/2015

YTD 1YR 3YR 5YR 10YR INCEP.
MBGVX 2.30 -0.81 - - - 1.49
Bloomberg Barclays U.S. Aggregate Bond Index 2.27 -0.31 2.48 2.21 4.48 2.17

Expense Ratios

  • Gross Expense Ratio: 0.93%
  • Net Expense Ratio: 0.88%
  • Expense Cap Expiration Date: 03/01/2018

Read Important Investment Disclosures

Objective

The Fund seeks to generate income and capital appreciation while helping to manage risk.

Why Consider

  • Provides investors with exposure to primarily high-quality intermediate-term bonds
  • Manages risk by monitoring portfolio duration, credit quality, sector over/under weightings relative to the benchmark and changes in fundamentals driving credit quality
  • 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

Mary F. Kane, CFA

Partner and Portfolio Manager

See Our Approach Read Bio

Performance

Performance

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Returns & Distributions

as of 06/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Aug 28, 2017 $0.014500 $0.014500
      Jul 26, 2017 $0.014700 $0.014700
      Jun 27, 2017 $0.014700 $0.014700
      May 25, 2017 $0.014400 $0.014400
      Apr 25, 2017 $0.014200 $0.014200
      Mar 28, 2017 $0.016200 $0.016200
      Feb 23, 2017 $0.014900 $0.014900
      Jan 26, 2017 $0.013500 $0.013500
      Dec 27, 2016 $0.014400 $0.014400
      Nov 25, 2016 $0.014500 $0.014500
      Oct 26, 2016 $0.014500 $0.014500
      Sep 27, 2016 $0.014100 $0.014100
      Aug 26, 2016 $0.014500 $0.014500
      Jul 26, 2016 $0.015500 $0.015500
      Jun 27, 2016 $0.014900 $0.014900
      May 25, 2016 $0.014500 $0.014500
      Apr 26, 2016 $0.014600 $0.014600
      Mar 28, 2016 $0.014700 $0.014700
      Feb 24, 2016 $0.012800 $0.012800
      Jan 26, 2016 $0.012600 $0.012600
      Dec 28, 2015 $0.251900 $0.012900 $0.239000
      Nov 24, 2015 $0.014900 $0.014900
      Oct 27, 2015 $0.015500 $0.015500
      Sep 25, 2015 $0.015600 $0.015600
      Aug 26, 2015 $0.012500 $0.012500
      Jul 28, 2015 $0.012700 $0.012700
      Jun 25, 2015 $0.011600 $0.011600
      May 26, 2015 $0.012600 $0.012600

Sector Allocation (Fixed)

Quarter Ending: 06/30/2017

Top Holdings (Fixed)

Quarter Ending: 06/30/2017

United States Treasury Note/Bond Fixed 6.85%
United States Treasury Note/Bond Fixed 5.21%
Apple Inc Floating 2.46%
Wells Fargo & Co Floating 2.45%
Fannie Mae Pool AL0395 Fixed 2.45%
Fannie Mae Pool AL4421 Fixed 2.44%
Fannie Mae Pool 930921 Fixed 2.42%
Fannie Mae Pool 930922 Fixed 2.36%
Fannie Mae Pool AL8743 Fixed 2.27%
Fannie Mae Pool 890639 Fixed 2.26%
% in Top 10 Holdings 31.17%
View Holding Details Read Important Investment Disclosures

Characteristics & Stats

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Investment Approach

Investment Approach

GW&K Core 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:

  • 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
  • Selects AAA mortgage pass-throughs which the investment teams believes offer high total return potential and minimize risk
  • 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

Additional Fund Highlight

Manages risk in changing economic environments by investing in a diverse universe of bond sector

GW&K Core Bond Fund Overview

Mary Kane, Partner and Portfolio Manager at GW&K Investment Management provides an overview of the AMG GW&K Core Bond Fund.
Watch Video More About GW&K Investment Management

About

About GW&K Investment Management

Background

GW&K is a dynamic investment management firm that offers 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


AUM

$34.8B

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