AMG GW&K Municipal Enhanced SMA (MESHX)
| Fund Assets | 259.62M |
| Expense Ratio | n/a |
| Min. Investment | $0.00 |
| Turnover | 41.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 4.70% |
| Dividend Growth | -4.91% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 26, 2026 |
| Previous Close | 10.22 |
| YTD Return | 2.86% |
| 1-Year Return | 8.50% |
| 5-Year Return | n/a |
| 52-Week Low | 9.61 |
| 52-Week High | 10.27 |
| Beta (5Y) | n/a |
| Holdings | 134 |
| 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 8.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.54%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2026 | $0.0394 | Jun 26, 2026 |
| May 27, 2026 | $0.0409 | May 27, 2026 |
| Apr 28, 2026 | $0.039 | Apr 28, 2026 |
| Mar 27, 2026 | $0.0408 | Mar 27, 2026 |
| Feb 25, 2026 | $0.0375 | Feb 25, 2026 |
| Jan 28, 2026 | $0.0403 | Jan 28, 2026 |