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
| ISIN | US00170K8027 |
|---|---|
| CUSIP | 00170K802 |
| Issuer | AMG |
| Inception Date | Dec 29, 2005 |
| Category | High Yield Muni |
| Min. Investment | $100,000 |
| Asset Class | Bond |
Expense Ratio
The AMG GW&K Municipal Enhanced Yield Fund has a high expense ratio of 0.64%, indicating higher-than-average management fees.
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 -1.89% 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 3.17%, while the S&P 500 had an annualized return of 10.52%, indicating that AMG GW&K Municipal Enhanced Yield Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.89% | 6.92% |
| 1 month | -1.92% | -2.83% |
| 6 months | 11.27% | 23.86% |
| 1 year | 3.30% | 23.33% |
| 5 years (annualized) | 0.92% | 11.66% |
| 10 years (annualized) | 3.17% | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.05% | 0.00% | 0.20% | |||||||||
| 2023 | -4.08% | -2.67% | 9.82% | 3.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
AMG GW&K Municipal Enhanced Yield Fund(GWMEX)
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 granted a 2.98% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.28 | $0.28 | $0.38 | $0.38 | $0.35 | $0.55 | $0.30 | $0.75 | $0.48 | $0.37 | $0.46 |
Dividend yield | 2.98% | 3.10% | 3.33% | 3.60% | 3.63% | 3.49% | 5.81% | 2.97% | 7.96% | 4.77% | 3.69% | 5.18% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.02 | $0.03 | |||||||||
| 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 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.15 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.09 |
| 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 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2016 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.47 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.16 |
| 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 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 31.09%, occurring on Dec 17, 2008. Recovery took 332 trading sessions.
The current AMG GW&K Municipal Enhanced Yield Fund drawdown is 11.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.09% | Feb 28, 2007 | 455 | Dec 17, 2008 | 332 | Apr 15, 2010 | 787 |
| -24.71% | Jul 21, 2021 | 320 | Oct 25, 2022 | — | — | — |
| -16.92% | Mar 2, 2020 | 15 | Mar 20, 2020 | 180 | Dec 4, 2020 | 195 |
| -13.47% | Dec 11, 2012 | 184 | Sep 4, 2013 | 174 | May 14, 2014 | 358 |
| -10.79% | Oct 26, 2010 | 58 | Jan 18, 2011 | 137 | Aug 3, 2011 | 195 |
Volatility
Volatility Chart
The current AMG GW&K Municipal Enhanced Yield Fund volatility is 1.24%, 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.