AMG GW&K Municipal Enhanced SMA (MESHX)
| Fund Assets | 219.86M |
| Expense Ratio | n/a |
| Min. Investment | $0.00 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 4.69% |
| Dividend Growth | -5.66% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 28, 2026 |
| Previous Close | 10.17 |
| YTD Return | 0.90% |
| 1-Year Return | 3.96% |
| 5-Year Return | n/a |
| 52-Week Low | 9.23 |
| 52-Week High | 10.18 |
| Beta (5Y) | n/a |
| Holdings | 138 |
| Inception Date | Feb 28, 2023 |
About MESHX
AMG GW&K Municipal Enhanced SMA Shares is an open-end mutual fund primarily dedicated to generating a high level of current income exempt from federal income tax. Its core investment strategy focuses on allocating at least 80% of net assets to U.S. dollar-denominated municipal bonds, which are interest-bearing debt securities issued by state and local governments or their agencies. These bonds support infrastructure projects and public services, and their interest payments are typically exempt from federal taxation, making the fund particularly appealing to investors seeking tax-advantaged fixed income. The fund emphasizes a diversified portfolio, holding over 120 securities spread across various municipal issuers, with active management aimed at optimizing returns and managing risk. Capital appreciation is a secondary goal, while the primary emphasis remains on tax-exempt income. Regular monthly distributions further provide predictable cash flow to shareholders. Managed by GW&K Investment Management, the fund can serve as an efficient vehicle for investors to access the municipal bond market, playing a role in both portfolio diversification and income generation for fixed income-oriented strategies. Its role is particularly significant for individuals or institutions aiming to enhance after-tax yields within their broader asset allocation.
Performance
MESHX had a total return of 3.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.18%.
Top 10 Holdings
23.99% of assets| Name | Symbol | Weight |
|---|---|---|
| FIXED INCOME CLEARING CORPORATION | n/a | 5.41% |
| PUBLIC FIN AUTH WI TOLL REVENU - Public Finance Authority | WI.PUBTRN 5.75 12.31.2065 | 2.79% |
| JEFFERSON CNTY AL SWR REVENUE - County of Jefferson AL Sewer Revenue | AL.JEFUTL 5.5 10.01.2053 | 2.63% |
| RHODE ISLAND ST HLTH & EDUCTNL - Rhode Island Health and Educational Building Corp | RI.RISMED 5.25 05.15.2054 | 2.33% |
| PENNSYLVANIA ST HGR EDUCTNL FA - Pennsylvania Higher Educational Facilities Authority | PA.PASHGR 5 11.01.2054 | 2.18% |
| PENNSYLVANIA ST ECON DEV FING - Pennsylvania Economic Development Financing Authority | PA.PASDEV 5 12.31.2057 | 1.86% |
| TEXAS ST PRIV ACTIVITY BOND SU - Texas Private Activity Bond Surface Transportation Corp | TX.TXSTRN 5 06.30.2058 | 1.80% |
| MASSACHUSETTS ST DEV FIN AGY R - Massachusetts Development Finance Agency | MA.MASDEV 5.25 07.01.2055 | 1.68% |
| MASSACHUSETTS ST DEV FIN AGY R - Massachusetts Development Finance Agency | MA.MASDEV 5.25 07.01.2052 | 1.67% |
| ORANGE CNTY FL HLTH FACS AUTH - Orange County Health Facilities Authority | FL.ORAMED 5.25 10.01.2056 | 1.65% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 28, 2026 | $0.0403 | Jan 28, 2026 |
| Dec 16, 2025 | $0.0428 | Dec 16, 2025 |
| Nov 25, 2025 | $0.0398 | Nov 25, 2025 |
| Oct 29, 2025 | $0.0404 | Oct 29, 2025 |
| Sep 26, 2025 | $0.0395 | Sep 26, 2025 |
| Aug 27, 2025 | $0.041 | Aug 27, 2025 |