GW&K Enhanced Core Bond ESG Fund  (MFDAX)

Fund Notice:

After the close of business on May 31, 2019 Class C shares closed to all investors and are no longer available for purchase or exchange. At closure time outstanding Class C shares converted to Class N shares. Please see the Summary Prospectus for details.

Fund Overview

Fund Overview

Share Class

N

NAV | as of 10/18/2019

$10.15
$0.00 (0.00%)

Morningstar | Style Box

L M E H M L

Growth of $10,000 (Hypothetical)

Since Inception 01/02/1997 to 09/30/2019 = $32,755.32

  • 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 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

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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: 1.04%
  • Net Expense Ratio: 0.73%
  • Expense Cap Expiration Date: 05/01/2020

Distributions & Pricing


    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Sep 26, 2019 $0.018900 $0.018900
      Aug 28, 2019 $0.020000 $0.020000
      Jul 29, 2019 $0.021400 $0.021400
      Jun 26, 2019 $0.021000 $0.021000
      May 29, 2019 $0.021900 $0.021900
      Apr 26, 2019 $0.022000 $0.022000
      Mar 27, 2019 $0.022500 $0.022500
      Feb 26, 2019 $0.020700 $0.020700
      Jan 29, 2019 $0.020000 $0.020000
      Dec 27, 2018 $0.022700 $0.022700
      Nov 28, 2018 $0.019600 $0.019600
      Oct 29, 2018 $0.020500 $0.020500
      Sep 26, 2018 $0.019500 $0.019500
      Aug 29, 2018 $0.019600 $0.019600
      Jul 27, 2018 $0.021000 $0.021000
      Jun 27, 2018 $0.019500 $0.019500
      May 29, 2018 $0.019500 $0.019500
      Apr 26, 2018 $0.017500 $0.017500
      Mar 27, 2018 $0.019400 $0.019400
      Feb 26, 2018 $0.018200 $0.018200
      Jan 29, 2018 $0.016900 $0.016900
      Dec 27, 2017 $0.021000 $0.021000
      Nov 27, 2017 $0.017900 $0.017900
      Oct 26, 2017 $0.017900 $0.017900
      Sep 26, 2017 $0.017900 $0.017900
      Aug 28, 2017 $0.017900 $0.017900
      Jul 26, 2017 $0.017900 $0.017900
      Jun 27, 2017 $0.019400 $0.019400
      May 25, 2017 $0.019400 $0.019400
      Apr 25, 2017 $0.020000 $0.020000
      Mar 28, 2017 $0.019900 $0.019900
      Feb 23, 2017 $0.014600 $0.014600
      Jan 26, 2017 $0.016900 $0.016900
      Dec 27, 2016 $0.020000 $0.020000
      Nov 25, 2016 $0.019900 $0.019900
      Oct 26, 2016 $0.017800 $0.017800
      Sep 27, 2016 $0.017900 $0.017900
      Aug 26, 2016 $0.019800 $0.019800
      Jul 26, 2016 $0.019800 $0.019800
      Jun 27, 2016 $0.017900 $0.017900
      May 25, 2016 $0.017900 $0.017900
      Apr 26, 2016 $0.017900 $0.017900
      Mar 28, 2016 $0.017900 $0.017900
      Feb 24, 2016 $0.018100 $0.018100
      Jan 26, 2016 $0.019000 $0.019000
      Dec 28, 2015 $0.024600 $0.024600
      Nov 24, 2015 $0.022900 $0.022900
      Oct 27, 2015 $0.021900 $0.021900
      Sep 25, 2015 $0.021900 $0.021900
      Aug 26, 2015 $0.023700 $0.023700
      Jul 28, 2015 $0.023800 $0.023800
      Jun 25, 2015 $0.025400 $0.025400
      May 26, 2015 $0.023800 $0.023800
      Apr 27, 2015 $0.025100 $0.025100
      Mar 26, 2015 $0.026300 $0.026300
      Feb 24, 2015 $0.026500 $0.026500
      Jan 27, 2015 $0.024300 $0.024300
      Dec 26, 2014 $0.024600 $0.024600
      Nov 24, 2014 $0.024400 $0.024400
      Oct 28, 2014 $0.024600 $0.024600
      Sep 25, 2014 $0.024300 $0.024300
      Aug 26, 2014 $0.024100 $0.024100
      Jul 28, 2014 $0.023400 $0.023400
      Jun 25, 2014 $0.022900 $0.022900
      May 27, 2014 $0.024800 $0.024800
      Apr 25, 2014 $0.025900 $0.025900
      Mar 26, 2014 $0.025300 $0.025300
      Feb 25, 2014 $0.025200 $0.025200
      Jan 28, 2014 $0.022800 $0.022800
      Dec 26, 2013 $1.084100 $0.036100 $0.048500 $0.999500
      Nov 25, 2013 $0.026200 $0.026200
      Oct 28, 2013 $0.022600 $0.022600
      Sep 25, 2013 $0.016200 $0.016200
      Aug 27, 2013 $0.015200 $0.015200
      Jul 26, 2013 $0.014700 $0.014700
      Jun 25, 2013 $0.015400 $0.015400
      May 28, 2013 $0.022600 $0.022600
      Apr 25, 2013 $0.017600 $0.017600
      Mar 25, 2013 $0.020100 $0.020100
      Feb 25, 2013 $0.017800 $0.017800
      Jan 28, 2013 $0.037600 $0.037600
      Dec 26, 2012 $0.156800 $0.047500 $0.001400 $0.107900
      Nov 27, 2012 $0.032600 $0.032600
      Oct 26, 2012 $0.036000 $0.036000
      Sep 25, 2012 $0.036100 $0.036100
      Aug 28, 2012 $0.040100 $0.040100
      Jul 26, 2012 $0.036100 $0.036100
      Jun 26, 2012 $0.042700 $0.042700
      May 25, 2012 $0.055100 $0.055100
      Apr 25, 2012 $0.035200 $0.035200
      Mar 27, 2012 $0.032600 $0.032600
      Feb 24, 2012 $0.041200 $0.041200
      Jan 26, 2012 $0.040200 $0.040200
      Dec 27, 2011 $0.244200 $0.069400 $0.174800
      Nov 25, 2011 $0.055200 $0.055200
      Oct 26, 2011 $0.037700 $0.037700
      Sep 27, 2011 $0.028300 $0.028300
      Aug 26, 2011 $0.037600 $0.037600
      Jul 26, 2011 $0.037600 $0.037600
      Jun 27, 2011 $0.037600 $0.037600
      May 25, 2011 $0.040100 $0.040100
      Apr 26, 2011 $0.038300 $0.038300
      Mar 28, 2011 $0.040100 $0.040100
      Feb 23, 2011 $0.040400 $0.040400
      Jan 26, 2011 $0.042600 $0.042600
      Dec 28, 2010 $0.052800 $0.052800
      Nov 24, 2010 $0.036600 $0.036600
      Oct 26, 2010 $0.036100 $0.036100
      Sep 27, 2010 $0.036200 $0.036200
      Aug 26, 2010 $0.036200 $0.036200
      Jul 27, 2010 $0.038200 $0.038200
      Jun 25, 2010 $0.036300 $0.036300
      May 25, 2010 $0.037700 $0.037700
      Apr 27, 2010 $0.037800 $0.037800
      Mar 26, 2010 $0.037700 $0.037700
      Feb 23, 2010 $0.038000 $0.038000
      Jan 26, 2010 $0.037800 $0.037800
      Dec 28, 2009 $0.042600 $0.042600
      Nov 24, 2009 $0.042900 $0.042900
      Oct 27, 2009 $0.042800 $0.042800
      Sep 25, 2009 $0.037900 $0.037900
      Aug 26, 2009 $0.032900 $0.032900
      Jul 28, 2009 $0.048100 $0.048100
      Jun 25, 2009 $0.048100 $0.048100
      May 26, 2009 $0.053100 $0.053100
      Apr 27, 2009 $0.048200 $0.048200
      Mar 26, 2009 $0.033200 $0.033200
      Feb 24, 2009 $0.030800 $0.030800
      Jan 27, 2009 $0.048100 $0.048100
      Dec 26, 2008 $0.046700 $0.046700
      Nov 24, 2008 $0.050800 $0.050800
      Oct 28, 2008 $0.038100 $0.038100
      Sep 25, 2008 $0.048000 $0.048000
      Aug 26, 2008 $0.050400 $0.050400
      Jul 28, 2008 $0.047900 $0.047900
      Jun 25, 2008 $0.047900 $0.047900
      May 27, 2008 $0.034300 $0.034300
      Apr 25, 2008 $0.047800 $0.047800
      Mar 26, 2008 $0.042800 $0.042800
      Feb 26, 2008 $0.038000 $0.038000
      Jan 28, 2008 $0.047800 $0.047800
      Dec 26, 2007 $0.068100 $0.068100
      Nov 27, 2007 $0.052800 $0.052800
      Oct 26, 2007 $0.047800 $0.047800
      Sep 25, 2007 $0.047900 $0.047900
      Aug 28, 2007 $0.047800 $0.047800
      Jul 26, 2007 $0.042800 $0.042800
      Jun 26, 2007 $0.043000 $0.043000
      May 25, 2007 $0.048800 $0.048800
      Apr 25, 2007 $0.047900 $0.047900
      Mar 27, 2007 $0.042800 $0.042800
      Feb 23, 2007 $0.043000 $0.043000
      Jan 26, 2007 $0.042600 $0.042600
      Dec 26, 2006 $0.052800 $0.052800
      Nov 27, 2006 $0.042900 $0.042900
      Oct 26, 2006 $0.047800 $0.047800
      Sep 26, 2006 $0.042900 $0.042900
      Aug 28, 2006 $0.047800 $0.047800
      Jul 26, 2006 $0.044000 $0.044000
      Jun 27, 2006 $0.042900 $0.042900
      May 25, 2006 $0.041900 $0.041900
      Apr 25, 2006 $0.039900 $0.039900
      Mar 28, 2006 $0.040800 $0.040800
      Feb 23, 2006 $0.038000 $0.038000
      Jan 26, 2006 $0.037800 $0.037800
      Dec 27, 2005 $0.069000 $0.069000
      Nov 25, 2005 $0.047900 $0.047900
      Oct 26, 2005 $0.047800 $0.047800
      Sep 27, 2005 $0.047800 $0.047800
      Aug 26, 2005 $0.044300 $0.044300
      Jul 26, 2005 $0.042800 $0.042800
      Jun 27, 2005 $0.037800 $0.037800
      May 25, 2005 $0.041800 $0.041800
      Apr 26, 2005 $0.045200 $0.045200
      Mar 28, 2005 $0.045000 $0.045000
      Feb 23, 2005 $0.036000 $0.036000
      Jan 26, 2005 $0.031000 $0.031000
      Dec 28, 2004 $0.056000 $0.056000
      Nov 24, 2004 $0.040000 $0.040000
      Oct 26, 2004 $0.041000 $0.041000
      Sep 27, 2004 $0.036000 $0.036000
      Aug 26, 2004 $0.042000 $0.042000
      Jul 27, 2004 $0.043000 $0.043000
      Jun 25, 2004 $0.040000 $0.040000
      May 25, 2004 $0.039000 $0.039000
      Apr 27, 2004 $0.035000 $0.035000
      Mar 30, 2004 $0.048300 $0.048300
      Feb 26, 2004 $0.040200 $0.040200
      Jan 29, 2004 $0.037200 $0.037200
      Dec 19, 2003 $0.046300 $0.046300
      Nov 26, 2003 $0.037500 $0.037500
      Oct 30, 2003 $0.043200 $0.043200
      Sep 29, 2003 $0.044900 $0.044900
      Aug 28, 2003 $0.043600 $0.043600
      Jul 30, 2003 $0.046100 $0.046100
      Jun 27, 2003 $0.039800 $0.039800
      May 29, 2003 $0.041100 $0.041100
      Apr 29, 2003 $0.044700 $0.044700
      Mar 28, 2003 $0.056000 $0.056000
      Feb 27, 2003 $0.047300 $0.047300
      Jan 30, 2003 $0.048500 $0.048500
      Dec 20, 2002 $0.043100 $0.043100
      Nov 27, 2002 $0.046700 $0.046700
      Oct 30, 2002 $0.055800 $0.055800
      Sep 27, 2002 $0.049400 $0.049400
      Aug 29, 2002 $0.049300 $0.049300
      Jul 30, 2002 $0.053800 $0.053800
      Jun 27, 2002 $0.045200 $0.045200
      May 30, 2002 $0.051900 $0.051900
      Apr 29, 2002 $0.053200 $0.053200
      Mar 27, 2002 $0.043100 $0.043100
      Feb 27, 2002 $0.052600 $0.052600
      Jan 30, 2002 $0.041400 $0.041400
      Dec 20, 2001 $0.136700 $0.037600 $0.099100
      Nov 29, 2001 $0.043100 $0.043100
      Oct 30, 2001 $0.047100 $0.047100
      Sep 27, 2001 $0.041400 $0.041400
      Aug 30, 2001 $0.044500 $0.044500
      Jul 30, 2001 $0.047300 $0.047300
      Jun 28, 2001 $0.042400 $0.042400
      May 30, 2001 $0.053400 $0.053400
      Apr 27, 2001 $0.045300 $0.045300
      Mar 29, 2001 $0.048500 $0.048500
      Feb 27, 2001 $0.045100 $0.045100
      Jan 30, 2001 $0.052800 $0.052800
      Dec 21, 2000 $0.051300 $0.051300
      Nov 29, 2000 $0.049500 $0.049500
      Oct 30, 2000 $0.051700 $0.051700
      Sep 28, 2000 $0.046300 $0.046300
      Aug 30, 2000 $0.058700 $0.058700
      Jul 28, 2000 $0.049000 $0.049000
      Jun 29, 2000 $0.053300 $0.053300
      May 30, 2000 $0.055100 $0.055100
      Apr 27, 2000 $0.046600 $0.046600
      Mar 30, 2000 $0.054300 $0.054300
      Feb 28, 2000 $0.053400 $0.053400
      Jan 28, 2000 $0.044000 $0.044000
      Dec 30, 1999 $0.055200 $0.055200
      Nov 29, 1999 $0.051600 $0.051600
      Oct 29, 1999 $0.047600 $0.047600
      Sep 29, 1999 $0.053800 $0.053800
      Aug 30, 1999 $0.052600 $0.052600
      Jul 29, 1999 $0.040400 $0.040400
      Jun 30, 1999 $0.075900 $0.050700 $0.025200
      May 28, 1999 $0.040400 $0.040400
      Apr 30, 1999 $0.041000 $0.041000
      Mar 31, 1999 $0.045000 $0.045000
      Feb 26, 1999 $0.038000 $0.038000
      Jan 29, 1999 $0.040000 $0.040000
      Dec 31, 1998 $0.130000 $0.130000
      Nov 30, 1998 $0.045000 $0.045000
      Oct 30, 1998 $0.045000 $0.045000
      Sep 30, 1998 $0.050000 $0.050000
      Aug 31, 1998 $0.050000 $0.050000
      Jul 31, 1998 $0.050000 $0.050000
      Jun 30, 1998 $0.050000 $0.050000
      May 29, 1998 $0.040000 $0.040000
      Apr 30, 1998 $0.060000 $0.060000
      Mar 31, 1998 $0.048000 $0.048000
      Feb 27, 1998 $0.048000 $0.048000
      Jan 30, 1998 $0.053000 $0.053000
      Dec 31, 1997 $0.195000 $0.195000
      Nov 28, 1997 $0.043000 $0.043000
      Oct 31, 1997 $0.060000 $0.060000
      Sep 30, 1997 $0.035000 $0.035000
      Aug 29, 1997 $0.050000 $0.050000
      Jul 31, 1997 $0.055000 $0.055000
      Jun 30, 1997 $0.035000 $0.035000
      May 30, 1997 $0.050000 $0.050000
      Apr 30, 1997 $0.060000 $0.060000
      Mar 31, 1997 $0.050000 $0.050000
      Feb 28, 1997 $0.050000 $0.050000
      Jan 31, 1997 $0.030000 $0.030000

Risk & Return Stats

As of: 09/30/2019

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Fixed)

As of: 09/30/2019

Fannie Mae Pool AU6743 Fixed 7.25%
Fannie Mae Pool AL0215 Fixed 5.16%
United States Treasury Note/Bond Fixed 4.72%
Freddie Mac Gold Pool G02342 Fixed 3.21%
Fannie Mae Pool BM5279 Fixed 2.72%
Fannie Mae Pool AB6802 Fixed 2.54%
Fannie Mae Pool AL1472 Fixed 2.51%
State Of California Fixed 2.06%
Verizon Communications Inc Fixed 2.05%
United States Treasury Note/Bond Fixed 2.02%
% in Top 10 Holdings 34.24%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Fixed)

As of: 09/30/2019

Investment Approach

Investment Approach

GW&K Enhanced 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

The Rising Tide of ESG Investing

 
ESG investing, once considered an outlier, has moved to a mainstay of the investment management industry.
Read Blog

Equity Style Analysis: Growth vs. Value

 
Recent Equity growth style outperformance may be testing the resolve many investors have to remain diversified. Although it is nearly impossible to predict when and to what extent these performance and valuation trends will reverse themselves, historically they have. Rather than try to predict future trends, investors should consider remaining diversified over the long term.
Read Full Perspective

About

About GW&K Investment Management

Background

GW&K Investment Management 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

$39.4B

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