AMG GW&K Municipal Enhanced Yield Fund (GWMEX)
The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in U.S. dollar-denominated fixed income securities that are exempt from federal income tax. It may invest up to 35% of its total assets in unrated securities, and may invest up to 50% of its total assets in unrated securities and high yield securities.
Fund Info
US00170K8027
00170K802
Dec 29, 2005
$100,000
Expense Ratio
GWMEX features an expense ratio of 0.64%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AMG GW&K Municipal Enhanced Yield Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AMG GW&K Municipal Enhanced Yield Fund had a return of 0.29% year-to-date (YTD) and 3.30% in the last 12 months. Over the past 10 years, AMG GW&K Municipal Enhanced Yield Fund had an annualized return of 1.78%, while the S&P 500 had an annualized return of 11.29%, indicating that AMG GW&K Municipal Enhanced Yield Fund did not perform as well as the benchmark.
GWMEX
0.29%
0.86%
0.13%
3.30%
-0.50%
1.78%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of GWMEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.07% | 0.29% | |||||||||||
| 2024 | -0.05% | 0.00% | 0.20% | -1.52% | 0.29% | 2.12% | 0.96% | 0.84% | 1.51% | -1.82% | 2.09% | -1.93% | 2.60% |
| 2023 | 5.45% | -2.98% | 2.57% | 0.47% | -0.89% | 1.44% | 0.60% | -2.03% | -4.08% | -2.67% | 9.83% | 3.53% | 10.89% |
| 2022 | -3.85% | -1.13% | -4.66% | -5.21% | 1.37% | -4.22% | 4.67% | -3.78% | -6.61% | -2.34% | 8.21% | -1.27% | -18.14% |
| 2021 | 1.45% | -2.67% | 1.09% | 1.94% | 1.05% | 0.74% | 1.12% | -0.85% | -1.43% | -0.49% | 1.81% | -1.14% | 2.52% |
| 2020 | 2.59% | 2.61% | -9.18% | -3.33% | 4.85% | 3.39% | 2.81% | -0.48% | -0.59% | -0.28% | 2.98% | 0.40% | 5.08% |
| 2019 | 0.59% | 0.77% | 2.69% | 0.97% | 2.29% | 0.34% | 0.74% | 2.72% | -0.94% | 0.04% | 0.23% | -0.27% | 10.58% |
| 2018 | -1.65% | -0.68% | 0.66% | -0.26% | 1.72% | 0.05% | 0.17% | 0.16% | -0.96% | -1.37% | 0.80% | 1.36% | -0.05% |
| 2017 | 0.80% | 0.67% | 0.59% | 1.21% | 2.04% | -0.15% | 0.98% | 1.28% | -0.36% | 0.24% | 0.65% | 1.48% | 9.80% |
| 2016 | 1.37% | 0.15% | 1.25% | 1.21% | 1.11% | 2.92% | -0.23% | 0.41% | -0.63% | -2.21% | -5.75% | -3.23% | -3.88% |
| 2015 | 2.85% | -1.47% | 0.26% | -0.78% | -0.66% | -0.61% | 0.70% | 0.10% | 0.69% | 0.80% | 0.97% | -0.01% | 2.79% |
| 2014 | 3.70% | 1.73% | 0.85% | 2.25% | 2.53% | 0.23% | 0.21% | 1.74% | 0.71% | 1.00% | 0.30% | 1.01% | 17.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GWMEX is 29, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AMG GW&K Municipal Enhanced Yield Fund (GWMEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AMG GW&K Municipal Enhanced Yield Fund provided a 3.38% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.28 | $0.25 | $0.23 | $0.26 | $0.29 | $0.55 | $0.30 | $0.30 | $0.35 | $0.38 |
Dividend yield | 3.38% | 3.37% | 3.10% | 2.98% | 2.22% | 2.45% | 2.86% | 5.83% | 2.98% | 3.22% | 3.46% | 3.71% |
Monthly Dividends
The table displays the monthly dividend distributions for AMG GW&K Municipal Enhanced Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2018 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.27 | $0.55 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.30 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the AMG GW&K Municipal Enhanced Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AMG GW&K Municipal Enhanced Yield Fund was 31.08%, occurring on Dec 17, 2008. Recovery took 332 trading sessions.
The current AMG GW&K Municipal Enhanced Yield Fund drawdown is 8.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.08% | Feb 28, 2007 | 455 | Dec 17, 2008 | 332 | Apr 15, 2010 | 787 |
| -25.74% | Jul 21, 2021 | 320 | Oct 25, 2022 | — | — | — |
| -16.92% | Mar 2, 2020 | 15 | Mar 20, 2020 | 180 | Dec 4, 2020 | 195 |
| -15.44% | Dec 11, 2012 | 184 | Sep 4, 2013 | 263 | Sep 19, 2014 | 447 |
| -11.99% | Jul 11, 2016 | 119 | Dec 27, 2016 | 560 | Mar 21, 2019 | 679 |
Volatility
Volatility Chart
The current AMG GW&K Municipal Enhanced Yield Fund volatility is 1.54%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.