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
US00170K5056
00170K505
Jun 29, 2009
$100,000
Expense Ratio
GWMIX has an expense ratio of 0.39%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
AMG GW&K Municipal Bond Fund (GWMIX) returned -0.66% year-to-date (YTD) and 0.32% over the past 12 months. Over the past 10 years, GWMIX returned 1.88% annually, underperforming the S&P 500 benchmark at 10.79%.
GWMIX
-0.66%
1.35%
-0.91%
0.32%
0.49%
1.88%
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
Monthly Returns
The table below presents the monthly returns of GWMIX, 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 | 0.68% | 1.19% | -2.21% | -0.46% | 0.18% | -0.66% | |||||||
| 2024 | -0.40% | -0.01% | -0.21% | -1.37% | -0.94% | 1.65% | 0.93% | 0.84% | 1.01% | -1.77% | 1.73% | -1.34% | 0.04% |
| 2023 | 3.12% | -2.54% | 2.32% | -0.18% | -1.32% | 0.80% | 0.36% | -1.22% | -2.86% | -0.91% | 6.00% | 2.67% | 6.05% |
| 2022 | -3.06% | -0.57% | -3.26% | -2.93% | 1.77% | -1.37% | 3.21% | -2.30% | -3.70% | -0.39% | 4.85% | 0.43% | -7.45% |
| 2021 | 0.44% | -1.73% | 0.44% | 0.84% | 0.20% | 0.19% | 0.84% | -0.37% | -0.94% | -0.38% | 0.76% | 0.16% | 0.42% |
| 2020 | 1.79% | 1.03% | -3.29% | -1.19% | 3.25% | 0.70% | 1.34% | -0.36% | -0.12% | -0.20% | 1.33% | 0.48% | 4.70% |
| 2019 | 1.12% | 0.58% | 1.54% | 0.33% | 1.60% | 0.33% | 0.91% | 1.47% | -0.98% | 0.07% | 0.07% | 0.32% | 7.58% |
| 2018 | -1.49% | -0.56% | 0.24% | -0.38% | 1.13% | -0.03% | 0.33% | 0.07% | -0.63% | -0.72% | 1.41% | 1.53% | 0.86% |
| 2017 | 0.76% | 0.66% | 0.32% | 1.01% | 1.69% | -0.46% | 0.74% | 0.74% | -0.72% | 0.05% | -0.98% | 0.93% | 4.80% |
| 2016 | 1.58% | 0.11% | -0.05% | 0.78% | -0.21% | 1.54% | 0.20% | 0.03% | -0.38% | -0.95% | -4.31% | 1.10% | -0.70% |
| 2015 | 2.38% | -1.38% | 0.30% | -0.54% | -0.45% | -0.11% | 0.84% | 0.16% | 1.09% | 0.58% | 0.23% | 0.83% | 3.94% |
| 2014 | 2.17% | 1.13% | -0.54% | 1.49% | 1.12% | -0.18% | 0.25% | 1.38% | -0.26% | 0.77% | -0.10% | 0.34% | 7.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GWMIX is 22, meaning it’s performing worse than 78% of other mutual funds on our website when it comes to balancing risk and reward. Below is 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 Bond Fund (GWMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
AMG GW&K Municipal Bond Fund provided a 2.76% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.29 | $0.25 | $0.21 | $0.26 | $0.23 | $0.23 | $0.22 | $0.19 | $0.38 | $0.35 | $0.27 |
Dividend yield | 2.76% | 2.59% | 2.11% | 1.89% | 2.13% | 1.82% | 1.88% | 1.88% | 1.64% | 3.38% | 3.01% | 2.30% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.29 |
| 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 | $0.25 |
| 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 | $0.21 |
| 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 | $0.26 |
| 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 | $0.23 |
| 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 | $0.23 |
| 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 | $0.22 |
| 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 | $0.19 |
| 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 | $0.38 |
| 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 | $0.35 |
| 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 | $0.27 |
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.
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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 3.29%.
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 chart below shows the rolling one-month volatility.
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