AMG GW&K Municipal Bond I (GWMIX)
| Fund Assets | 947.05M |
| Expense Ratio | 0.39% |
| Min. Investment | $100,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.79% |
| Dividend Growth | 14.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 26, 2025 |
| Previous Close | 11.56 |
| YTD Return | 3.78% |
| 1-Year Return | 2.76% |
| 5-Year Return | 7.87% |
| 52-Week Low | 10.85 |
| 52-Week High | 11.57 |
| Beta (5Y) | 0.26 |
| Holdings | 222 |
| Inception Date | Jun 30, 2009 |
About GWMIX
AMG GW&K Municipal Bond Fund Class I is an open-end mutual fund specializing in the investment of municipal bonds. Its primary objective is to generate income that is exempt from federal income taxes by investing at least 80% of its net assets in a diversified portfolio of municipal securities issued by U.S. state and local governments and their agencies. The fund maintains a portfolio duration generally close to that of the Bloomberg 10-Year Municipal Bond Index, targeting intermediate maturities to balance yield and interest rate risk. With a moderate expense ratio, it typically holds over 200 securities, reflecting significant diversification within the municipal market. The fund distributes income monthly, providing a regular cash flow to investors. Its role in the financial market is to offer a tax-advantaged income solution for individuals and institutions seeking exposure to the municipal bond sector and a measure of stability compared to equities or corporate bonds. AMG GW&K Municipal Bond Fund Class I is frequently used by investors to manage tax efficiency within portfolios and to diversify fixed income allocations.
Performance
GWMIX had a total return of 2.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.48%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| GWMTX | Class N | 0.71% |
Top 10 Holdings
13.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash & Cash Equivalents | n/a | 3.10% |
| Metropolitan Transn Auth 5% | NY.MTATRN 5 11.15.2031 | 1.77% |
| LOUISIANA STAD & EXPOSITION DIST REV 5% | LA.LASFAC 5 07.01.2042 | 1.27% |
| GREAT LAKES WTR AUTH MICH SEW DISP SYS REV 5% | MI.GRTWTR 5 07.01.2034 | 1.22% |
| ILLINOIS ST 5% | IL.ILS 5 05.01.2034 | 1.16% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5% | NY.NYTTRN 5 12.01.2036 | 1.11% |
| FLORIDA ST BRD ADMIN FIN CORP REV 5.526% | FL.FLSGEN 5.53 07.01.2034 | 1.10% |
| CHICAGO ILL O HARE INTL ARPT REV 5% | IL.CHITRN 5 01.01.2036 | 1.10% |
| FLORIDA DEV FIN CORP HEALTHCARE FACS REV 4% | FL.FLSMED 4 11.15.2033 | 1.08% |
| NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% | NY.NYSHGR 5 03.15.2041 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 26, 2025 | $0.0278 | Sep 26, 2025 |
| Aug 27, 2025 | $0.0285 | Aug 27, 2025 |
| Jul 29, 2025 | $0.0284 | Jul 29, 2025 |
| Jun 26, 2025 | $0.0273 | Jun 26, 2025 |
| May 28, 2025 | $0.0279 | May 28, 2025 |
| Apr 28, 2025 | $0.0275 | Apr 28, 2025 |