Mary Kane, Partner and Portfolio Manager at GW&K Investment Management provides an overview of the AMG GW&K Core Bond Fund and AMG GW&K Enhanced Core Bond Fund.
Effective February 27, 2017, the share classes offered and/or fees paid by certain of our Funds are being restructured to better align with the needs of our investors. These changes may affect the amount of fees you will pay as an investor. Please review the Fund's prospectus for details.
The Fund's Class C Share is closed to new investors. Please read the Prospectus for more information.
Fund Facts (as of 3/31/2017)
||Investment Grade Debt
||Bloomberg Barclays U.S. Aggregate Bond Index
||GW&K Investment Management
|Fund Net Assets:
Share Class Facts
(Gross / Net)
|0.87% / 0.73%
Initial / Subsequent
|$2,000 / $100
|Minimum IRA Investment:
Initial / Subsequent
|$1,000 / $100
|Maximum Sales Charges:
Prior to February 27, 2017, the Fund’s Z shares were known as I shares.
Prior to February 27, 2017, the Fund’s I shares were known as S shares.
Prior to October 1, 2016, the Fund’s I shares were known as Institutional shares.
Prior to October 1, 2016, the Fund’s N shares were known as Investor shares.
Prior to October 1, 2016, the Fund’s S shares were known as Service shares.
The Fund's investment manager has contractually agreed, through at least May 1, 2018, to limit Fund operating expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. Please refer to the Fund's prospectus for additional information on the Fund's expenses.
Learn more about share classes offered by AMG Funds.
The Fund seeks current income by investing in a diversified portfolio of fixed income securities.
The Fund invests at least 80% of its assets in investment-grade debt securities (those rated above Ba1/BB+ by Moody's/Standard & Poor's). In addition to investment-grade securities, the Fund may also invest in debt securities issued by any of the following: public and private U.S. companies, foreign companies, the U.S. government and its agencies, such as the Federal Home Loan Bank, state and local governments issuing taxable municipal securities, and foreign governments, their agencies and instrumentalities.
The Fund may also invest in mortgage-backed debt securities, asset-backed debt securities and restricted securities, and may invest up to 15% of its assets in common and preferred stock, convertible securities that an owner has the option to exchange for common stock at a pre-stated price, and debt securities carrying warrants to purchase equity securities. Up to 20% of this mutual fund's assets may be invested in below-investment grade securities (those rated Ba1/BB+ or lower by Moody's/Standard & Poor's).
While the Fund may purchase debt securities of any maturity, it will primarily invest in debt securities with 7- to 15-year maturities.
Where This Fund May Fit As Part Of Your Asset Allocation
The Fund may be appropriate for your overall investment allocation if you are:
- Looking to generate investment income
- Seeking an opportunity for additional fixed income returns
- Willing to accept moderate risk
Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. For this and other information, please call 800.835.3879 or download a free prospectus. Read it carefully before investing or sending money.
Class C shares convert to an equal dollar value of Class A shares at the end of the 10th year after purchase.