AMG GW&K Municipal Enhanced Yield Z (GWMZX)
| Fund Assets | 162.09M |
| Expense Ratio | 0.59% |
| Min. Investment | $5,000,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.76% |
| Dividend Growth | 6.59% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 29, 2025 |
| Previous Close | 8.34 |
| YTD Return | -3.92% |
| 1-Year Return | -4.15% |
| 5-Year Return | -4.09% |
| 52-Week Low | 8.19 |
| 52-Week High | 9.10 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| Inception Date | Feb 24, 2017 |
About GWMZX
AMG GW&K Municipal Enhanced Yield Fund Class Z is an open-end mutual fund focused on providing investors with a competitive level of tax-exempt income by investing primarily in municipal bonds. The fund targets enhanced yield opportunities by selecting a portfolio of fixed income securities issued by state and local governments and their agencies, with an emphasis on securities that offer higher yields, such as lower-rated or non-investment grade municipal bonds. This approach seeks to balance risk and reward while maintaining the federal tax-exempt status of most of the interest income for shareholders. Designed to serve investors seeking income diversification and tax efficiency, the fund plays a notable role in portfolios aiming to offset taxable income, particularly for those in higher tax brackets. Managed by GW&K's experienced municipal bond team, the fund differentiates itself through active credit selection and sector allocation, addressing both income objectives and risk considerations commonly associated with municipal bond investing. This makes it especially relevant in the broader landscape of municipal bond funds, where its strategy targets enhanced yields compared to traditional, more conservative municipal bond offerings.
Performance
GWMZX had a total return of -4.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.82%.
Top 10 Holdings
29.98% of assets| Name | Symbol | Weight |
|---|---|---|
| TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5% | TX.TXSTRN 5 06.30.2058 | 3.95% |
| PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% | CO.PUBUTL 6.5 11.15.2038 | 3.81% |
| RICHLAND CNTY S C SCH DIST NO 002 1.875% | SC.RICSCD 1.88 03.01.2038 | 3.17% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.25% | PA.PASDEV 5.25 06.30.2053 | 3.02% |
| CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% | NE.CENPWR 5 09.01.2042 | 2.87% |
| CHATTANOOGA TENN ELEC REV 2% | TN.CHAPWR 2 09.01.2040 | 2.78% |
| NEW YORK TRANSN DEV CORP EXEMPT FAC REV 4% | NY.NYTTRN 4 04.30.2053 | 2.77% |
| RHODE IS ST HEALTH & EDL BLDG CORP REV 5.25% | RI.RISMED 5.25 05.15.2054 | 2.68% |
| ESCAMBIA CNTY FLA HEALTH FACS AUTH HEALTH FAC REV 4% | FL.ESCMED 4 08.15.2050 | 2.47% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.625% | NY.NYTTRN 5.62 04.01.2040 | 2.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 29, 2025 | $0.0274 | Jul 29, 2025 |
| Jun 26, 2025 | $0.0269 | Jun 26, 2025 |
| May 28, 2025 | $0.0271 | May 28, 2025 |
| Apr 28, 2025 | $0.0262 | Apr 28, 2025 |
| Mar 27, 2025 | $0.0269 | Mar 27, 2025 |
| Feb 26, 2025 | $0.0241 | Feb 26, 2025 |