GW&K Enhanced Core Bond ESG Fund  (MFDYX)

Fund Overview

Fund Overview

Share Class

Z

NAV | as of 10/26/2020

$10.79
+$0.01 (+0.09%)

Morningstar | Style Box

L M E H M L

Overall Morningstar Rating


Rated against 537 Intermediate Core-Plus Bond funds as of 09/30/2020

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 01/02/1997 to 09/30/2020 = $38,329.73

  • 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: 0.88%
  • Net Expense Ratio: 0.48%
  • Expense Cap Expiration Date: 05/01/2021

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Sep 28, 2020 $0.016800 $0.016800
      Aug 27, 2020 $0.017300 $0.017300
      Jul 29, 2020 $0.016800 $0.016800
      Jun 26, 2020 $0.019600 $0.019600
      May 27, 2020 $0.020100 $0.020100
      Apr 28, 2020 $0.019100 $0.019100
      Mar 27, 2020 $0.021700 $0.021700
      Feb 26, 2020 $0.020600 $0.020600
      Jan 29, 2020 $0.021900 $0.021900
      Dec 16, 2019 $0.025900 $0.025900
      Nov 26, 2019 $0.020000 $0.020000
      Oct 29, 2019 $0.020000 $0.020000
      Sep 26, 2019 $0.021000 $0.021000
      Aug 28, 2019 $0.022000 $0.022000
      Jul 29, 2019 $0.023500 $0.023500
      Jun 26, 2019 $0.023000 $0.023000
      May 29, 2019 $0.024000 $0.024000
      Apr 26, 2019 $0.024000 $0.024000
      Mar 27, 2019 $0.024000 $0.024000
      Feb 26, 2019 $0.022500 $0.022500
      Jan 29, 2019 $0.022000 $0.022000
      Dec 27, 2018 $0.024600 $0.024600
      Nov 28, 2018 $0.021500 $0.021500
      Oct 29, 2018 $0.022500 $0.022500
      Sep 26, 2018 $0.021500 $0.021500
      Aug 29, 2018 $0.021600 $0.021600
      Jul 27, 2018 $0.023000 $0.023000
      Jun 27, 2018 $0.021500 $0.021500
      May 29, 2018 $0.021500 $0.021500
      Apr 26, 2018 $0.019500 $0.019500
      Mar 27, 2018 $0.021400 $0.021400
      Feb 26, 2018 $0.020000 $0.020000
      Jan 29, 2018 $0.019000 $0.019000
      Dec 27, 2017 $0.023100 $0.023100
      Nov 27, 2017 $0.020000 $0.020000
      Oct 26, 2017 $0.020000 $0.020000
      Sep 26, 2017 $0.020000 $0.020000
      Aug 28, 2017 $0.020000 $0.020000
      Jul 26, 2017 $0.020000 $0.020000
      Jun 27, 2017 $0.021500 $0.021500
      May 25, 2017 $0.021500 $0.021500
      Apr 25, 2017 $0.022000 $0.022000
      Mar 28, 2017 $0.022000 $0.022000
      Feb 23, 2017 $0.016500 $0.016500
      Jan 26, 2017 $0.019000 $0.019000
      Dec 27, 2016 $0.022200 $0.022200
      Nov 25, 2016 $0.022000 $0.022000
      Oct 26, 2016 $0.020000 $0.020000
      Sep 27, 2016 $0.020000 $0.020000
      Aug 26, 2016 $0.022000 $0.022000
      Jul 26, 2016 $0.022000 $0.022000
      Jun 27, 2016 $0.020000 $0.020000
      May 25, 2016 $0.020000 $0.020000
      Apr 26, 2016 $0.020000 $0.020000
      Mar 28, 2016 $0.020000 $0.020000
      Feb 24, 2016 $0.020000 $0.020000
      Jan 26, 2016 $0.021100 $0.021100
      Dec 28, 2015 $0.026700 $0.026700
      Nov 24, 2015 $0.025000 $0.025000
      Oct 27, 2015 $0.024000 $0.024000
      Sep 25, 2015 $0.024000 $0.024000
      Aug 26, 2015 $0.026000 $0.026000
      Jul 28, 2015 $0.026000 $0.026000
      Jun 25, 2015 $0.027500 $0.027500
      May 26, 2015 $0.026000 $0.026000
      Apr 27, 2015 $0.027200 $0.027200
      Mar 26, 2015 $0.028600 $0.028600
      Feb 24, 2015 $0.028500 $0.028500
      Jan 27, 2015 $0.026600 $0.026600
      Dec 26, 2014 $0.026900 $0.026900
      Nov 24, 2014 $0.026600 $0.026600
      Oct 28, 2014 $0.026900 $0.026900
      Sep 25, 2014 $0.026600 $0.026600
      Aug 26, 2014 $0.026600 $0.026600
      Jul 28, 2014 $0.025600 $0.025600
      Jun 25, 2014 $0.025100 $0.025100
      May 27, 2014 $0.027100 $0.027100
      Apr 25, 2014 $0.028100 $0.028100
      Mar 26, 2014 $0.027600 $0.027600
      Feb 25, 2014 $0.027600 $0.027600
      Jan 28, 2014 $0.025100 $0.025100
      Dec 26, 2013 $1.087900 $0.036800 $0.048600 $1.002500
      Nov 25, 2013 $0.028600 $0.028600
      Oct 28, 2013 $0.025000 $0.025000
      Sep 25, 2013 $0.018500 $0.018500
      Aug 27, 2013 $0.017500 $0.017500
      Jul 26, 2013 $0.017000 $0.017000
      Jun 25, 2013 $0.017500 $0.017500
      May 28, 2013 $0.025100 $0.025100
      Apr 25, 2013 $0.020000 $0.020000
      Mar 25, 2013 $0.022500 $0.022500
      Feb 25, 2013 $0.020000 $0.020000
      Jan 28, 2013 $0.040100 $0.040100
      Dec 26, 2012 $0.159700 $0.050100 $0.001400 $0.108200
      Nov 27, 2012 $0.035100 $0.035100
      Oct 26, 2012 $0.038600 $0.038600
      Sep 25, 2012 $0.038600 $0.038600
      Aug 28, 2012 $0.042600 $0.042600
      Jul 26, 2012 $0.038600 $0.038600
      Jun 26, 2012 $0.045100 $0.045100
      May 25, 2012 $0.057600 $0.057600
      Apr 25, 2012 $0.037600 $0.037600
      Mar 27, 2012 $0.035100 $0.035100
      Feb 24, 2012 $0.043600 $0.043600
      Jan 26, 2012 $0.042600 $0.042600
      Dec 27, 2011 $0.246800 $0.071800 $0.175000
      Nov 25, 2011 $0.057600 $0.057600
      Oct 26, 2011 $0.040100 $0.040100
      Sep 27, 2011 $0.030700 $0.030700
      Aug 26, 2011 $0.040100 $0.040100
      Jul 26, 2011 $0.040100 $0.040100
      Jun 27, 2011 $0.040100 $0.040100
      May 25, 2011 $0.042600 $0.042600
      Apr 26, 2011 $0.040700 $0.040700
      Mar 28, 2011 $0.042600 $0.042600
      Feb 23, 2011 $0.042600 $0.042600
      Jan 26, 2011 $0.045100 $0.045100
      Dec 28, 2010 $0.054900 $0.054900
      Nov 24, 2010 $0.039100 $0.039100
      Oct 26, 2010 $0.038600 $0.038600
      Sep 27, 2010 $0.038600 $0.038600
      Aug 26, 2010 $0.038600 $0.038600
      Jul 27, 2010 $0.040600 $0.040600
      Jun 25, 2010 $0.038600 $0.038600
      May 25, 2010 $0.040100 $0.040100
      Apr 27, 2010 $0.040100 $0.040100
      Mar 26, 2010 $0.040100 $0.040100
      Feb 23, 2010 $0.040100 $0.040100
      Jan 26, 2010 $0.040100 $0.040100
      Dec 28, 2009 $0.045200 $0.045200
      Nov 24, 2009 $0.045200 $0.045200
      Oct 27, 2009 $0.045200 $0.045200
      Sep 25, 2009 $0.040100 $0.040100
      Aug 26, 2009 $0.035100 $0.035100
      Jul 28, 2009 $0.050200 $0.050200
      Jun 25, 2009 $0.050200 $0.050200
      May 26, 2009 $0.055200 $0.055200
      Apr 27, 2009 $0.050200 $0.050200
      Mar 26, 2009 $0.035100 $0.035100
      Feb 24, 2009 $0.032600 $0.032600
      Jan 27, 2009 $0.050200 $0.050200
      Dec 26, 2008 $0.049300 $0.049300
      Nov 24, 2008 $0.052700 $0.052700
      Oct 28, 2008 $0.040200 $0.040200
      Sep 25, 2008 $0.050200 $0.050200
      Aug 26, 2008 $0.052700 $0.052700
      Jul 28, 2008 $0.050200 $0.050200
      Jun 25, 2008 $0.050200 $0.050200
      May 27, 2008 $0.050200 $0.050200
      Apr 25, 2008 $0.050200 $0.050200
      Mar 26, 2008 $0.045200 $0.045200
      Feb 26, 2008 $0.040200 $0.040200
      Jan 28, 2008 $0.050200 $0.050200
      Dec 26, 2007 $0.066800 $0.066800
      Nov 27, 2007 $0.055200 $0.055200
      Oct 26, 2007 $0.050200 $0.050200
      Sep 25, 2007 $0.050200 $0.050200
      Aug 28, 2007 $0.050200 $0.050200
      Jul 26, 2007 $0.045200 $0.045200
      Jun 26, 2007 $0.045200 $0.045200
      May 25, 2007 $0.051000 $0.051000
      Apr 25, 2007 $0.050200 $0.050200
      Mar 27, 2007 $0.045000 $0.045000
      Feb 23, 2007 $0.045000 $0.045000
      Jan 26, 2007 $0.045000 $0.045000
      Dec 26, 2006 $0.055000 $0.055000
      Nov 27, 2006 $0.045000 $0.045000
      Oct 26, 2006 $0.050000 $0.050000
      Sep 26, 2006 $0.045000 $0.045000
      Aug 28, 2006 $0.050000 $0.050000
      Jul 26, 2006 $0.046000 $0.046000
      Jun 27, 2006 $0.045000 $0.045000
      May 25, 2006 $0.044000 $0.044000
      Apr 25, 2006 $0.042000 $0.042000
      Mar 28, 2006 $0.043000 $0.043000
      Feb 23, 2006 $0.040000 $0.040000
      Jan 26, 2006 $0.040000 $0.040000
      Dec 27, 2005 $0.071000 $0.071000
      Nov 25, 2005 $0.050000 $0.050000
      Oct 26, 2005 $0.050000 $0.050000
      Sep 27, 2005 $0.050000 $0.050000
      Aug 26, 2005 $0.046500 $0.046500
      Jul 26, 2005 $0.045000 $0.045000
      Jun 27, 2005 $0.040000 $0.040000
      May 25, 2005 $0.044000 $0.044000
      Apr 26, 2005 $0.050100 $0.050100
      Mar 28, 2005 $0.050000 $0.050000
      Feb 23, 2005 $0.040000 $0.040000
      Jan 26, 2005 $0.035000 $0.035000
      Dec 28, 2004 $0.060000 $0.060000
      Nov 24, 2004 $0.045000 $0.045000
      Oct 26, 2004 $0.045000 $0.045000
      Sep 27, 2004 $0.040000 $0.040000
      Aug 26, 2004 $0.047000 $0.047000
      Jul 27, 2004 $0.047000 $0.047000
      Jun 25, 2004 $0.045000 $0.045000
      May 25, 2004 $0.044000 $0.044000
      Apr 27, 2004 $0.043000 $0.043000
      Mar 30, 2004 $0.053400 $0.053400
      Feb 26, 2004 $0.044300 $0.044300
      Jan 29, 2004 $0.041300 $0.041300
      Dec 19, 2003 $0.049700 $0.049700
      Nov 26, 2003 $0.041500 $0.041500
      Oct 30, 2003 $0.047800 $0.047800
      Sep 29, 2003 $0.049700 $0.049700
      Aug 28, 2003 $0.049000 $0.049000
      Jul 30, 2003 $0.051400 $0.051400
      Jun 27, 2003 $0.043800 $0.043800
      May 29, 2003 $0.044700 $0.044700
      Apr 29, 2003 $0.049400 $0.049400
      Mar 28, 2003 $0.060200 $0.060200
      Feb 27, 2003 $0.051300 $0.051300
      Jan 30, 2003 $0.052700 $0.052700
      Dec 20, 2002 $0.048100 $0.048100
      Nov 27, 2002 $0.050400 $0.050400
      Oct 30, 2002 $0.060500 $0.060500
      Sep 27, 2002 $0.054600 $0.054600
      Aug 29, 2002 $0.053600 $0.053600
      Jul 30, 2002 $0.058800 $0.058800
      Jun 27, 2002 $0.049200 $0.049200
      May 30, 2002 $0.056600 $0.056600
      Apr 29, 2002 $0.058500 $0.058500
      Mar 27, 2002 $0.047100 $0.047100
      Feb 27, 2002 $0.056600 $0.056600
      Jan 30, 2002 $0.045500 $0.045500
      Dec 20, 2001 $0.141400 $0.042300 $0.099100
      Nov 29, 2001 $0.047500 $0.047500
      Oct 30, 2001 $0.051500 $0.051500
      Sep 27, 2001 $0.045500 $0.045500
      Aug 30, 2001 $0.048400 $0.048400
      Jul 30, 2001 $0.051600 $0.051600
      Jun 28, 2001 $0.046000 $0.046000
      May 30, 2001 $0.058200 $0.058200
      Apr 27, 2001 $0.050500 $0.050500
      Mar 29, 2001 $0.054000 $0.054000
      Feb 27, 2001 $0.050000 $0.050000
      Jan 30, 2001 $0.057900 $0.057900
      Dec 21, 2000 $0.056600 $0.056600
      Nov 29, 2000 $0.054500 $0.054500
      Oct 30, 2000 $0.057100 $0.057100
      Sep 28, 2000 $0.050900 $0.050900
      Aug 30, 2000 $0.064400 $0.064400
      Jul 28, 2000 $0.054200 $0.054200
      Jun 29, 2000 $0.058400 $0.058400
      May 30, 2000 $0.060700 $0.060700
      Apr 27, 2000 $0.051500 $0.051500
      Mar 30, 2000 $0.059700 $0.059700
      Feb 28, 2000 $0.058300 $0.058300
      Jan 28, 2000 $0.049000 $0.049000
      Dec 30, 1999 $0.060600 $0.060600
      Nov 29, 1999 $0.057300 $0.057300
      Oct 29, 1999 $0.053500 $0.053500
      Sep 29, 1999 $0.059400 $0.059400
      Aug 30, 1999 $0.057700 $0.057700
      Jul 29, 1999 $0.045200 $0.045200
      Jun 30, 1999 $0.081800 $0.056600 $0.025200
      May 28, 1999 $0.045200 $0.045200
      Apr 30, 1999 $0.046400 $0.046400
      Mar 31, 1999 $0.051000 $0.051000
      Feb 26, 1999 $0.043000 $0.043000
      Jan 29, 1999 $0.045000 $0.045000
      Dec 31, 1998 $0.136000 $0.136000
      Nov 30, 1998 $0.050000 $0.050000
      Oct 30, 1998 $0.053000 $0.053000
      Sep 30, 1998 $0.055000 $0.055000
      Aug 31, 1998 $0.055000 $0.055000
      Jul 31, 1998 $0.055000 $0.055000
      Jun 30, 1998 $0.055000 $0.055000
      May 29, 1998 $0.045000 $0.045000
      Apr 30, 1998 $0.060000 $0.060000
      Mar 31, 1998 $0.054000 $0.054000
      Feb 27, 1998 $0.050000 $0.050000
      Jan 30, 1998 $0.055000 $0.055000
      Dec 31, 1997 $0.200000 $0.200000
      Nov 28, 1997 $0.045000 $0.045000
      Oct 31, 1997 $0.060000 $0.060000
      Sep 30, 1997 $0.040000 $0.040000
      Aug 29, 1997 $0.053000 $0.053000
      Jul 31, 1997 $0.060000 $0.060000
      Jun 30, 1997 $0.045000 $0.045000
      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: 09/30/2020

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Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Fixed)

As of: 09/30/2020

Fannie Mae Pool AU6743 Fixed 3.84%
United States Treasury Note/Bond Fixed 3.76%
Fannie Mae Pool AL0215 Fixed 2.94%
Fannie Mae Pool MA4100 Fixed 2.39%
FHLMC Multifamily Structured Pass Through Certificates Fixed 2.10%
State Of California Fixed 1.94%
Fannie Mae Pool FM2574 Fixed 1.85%
Freddie Mac Pool ZS1162 Fixed 1.82%
Fannie Mae Pool AS8683 Fixed 1.76%
Los Angeles Unified School District Fixed 1.49%
% in Top 10 Holdings 23.89%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Fixed)

As of: 09/30/2020

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 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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