AMG GW&K Municipal Bond Fund (GWMIX)
The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that are exempt from federal income tax. It has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 6 to 12 years.
Fund Info
| ISIN | US00170K5056 |
|---|---|
| CUSIP | 00170K505 |
| Issuer | AMG |
| Inception Date | Jun 29, 2009 |
| Category | Municipal Bonds |
| Min. Investment | $100,000 |
| Asset Class | Bond |
Expense Ratio
GWMIX has a high expense ratio of 0.39%, 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 Bond 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 Bond Fund had a return of -1.46% year-to-date (YTD) and 1.45% in the last 12 months. Over the past 10 years, AMG GW&K Municipal Bond Fund had an annualized return of 2.11%, while the S&P 500 had an annualized return of 10.64%, indicating that AMG GW&K Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.46% | 7.50% |
| 1 month | -0.06% | -1.61% |
| 6 months | 5.48% | 17.65% |
| 1 year | 1.45% | 26.26% |
| 5 years (annualized) | 1.06% | 11.73% |
| 10 years (annualized) | 2.11% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.40% | -0.01% | -0.21% | -1.37% | ||||||||
| 2023 | -0.90% | 6.00% | 2.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GWMIX is 15, indicating that it is in the bottom 15% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
AMG GW&K Municipal Bond Fund(GWMIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AMG GW&K Municipal Bond Fund (GWMIX) 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 Bond Fund granted a 2.30% 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 | $0.25 | $0.21 | $0.26 | $0.23 | $0.23 | $0.22 | $0.19 | $0.38 | $0.35 | $0.27 | $0.27 |
Dividend yield | 2.30% | 2.11% | 1.89% | 2.13% | 1.82% | 1.88% | 1.88% | 1.64% | 3.38% | 3.01% | 2.30% | 2.41% |
Monthly Dividends
The table displays the monthly dividend distributions for AMG GW&K Municipal Bond 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 | $0.02 | $0.02 | $0.03 | $0.02 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 |
| 2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.05 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2017 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2016 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.22 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 |
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 Bond 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 Bond Fund was 13.01%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current AMG GW&K Municipal Bond Fund drawdown is 4.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.01% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.14% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -6.42% | May 6, 2013 | 86 | Sep 5, 2013 | 151 | Apr 11, 2014 | 237 |
| -6.17% | Jul 7, 2016 | 104 | Dec 1, 2016 | 160 | Jul 24, 2017 | 264 |
| -5.76% | Sep 1, 2010 | 96 | Jan 18, 2011 | 81 | May 13, 2011 | 177 |
Volatility
Volatility Chart
The current AMG GW&K Municipal Bond Fund volatility is 0.73%, 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.