AMG GW&K Municipal Bond Fund (GWMIX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GWMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GWMIX
GWMIX charges 0.39% annually. There are 71 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | GWMIX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | GWMIX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | GWMIX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | GWMIX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | GWMIX vs FSMUX |
Best Risk-Adjusted Alternatives to GWMIX
GWMIX has a PortfoliosLab risk / return rank of 66. There are 406 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | GWMIX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | GWMIX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | GWMIX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | GWMIX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | GWMIX vs FHMIX |
Top Performing GWMIX Alternatives (YTD)
GWMIX is at 1.00% YTD. There are 398 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.97% | — | Apr 1998 | GWMIX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.93% | — | Nov 2002 | GWMIX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.42% | — | Oct 1992 | GWMIX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 7.33% | — | Nov 2001 | GWMIX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 7.11% | — | Feb 1998 | GWMIX vs MUC |
Lowest Volatility Alternatives to GWMIX
GWMIX has 2.72% 1-year volatility. There are 250 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | GWMIX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.56% | — | Aug 2002 | GWMIX vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | GWMIX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | GWMIX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | GWMIX vs USMTX |
Lowest Drawdown Alternatives to GWMIX
GWMIX has a 1-year max drawdown of -3.89%. There are 450 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | GWMIX vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | GWMIX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | GWMIX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | GWMIX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | GWMIX vs DFABX |
Other Mutual Funds from AMG
The 10 most viewed AMG mutual funds shown here include YACKX, YAFFX, MBDFX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Fund | Large Cap Value Equities | 87 | 15.31% | — | Jul 1992 | GWMIX vs YACKX | |
| AMG Yacktman Focused Fund | Large Cap Value Equities | 85 | 21.60% | — | May 1997 | GWMIX vs YAFFX | |
| AMG GW&K Core Bond ESG Fund | Intermediate Core Bond | 15 | -0.73% | — | Apr 1993 | GWMIX vs MBDFX | |
| AMG Yacktman Global Fund | Large Cap Blend Equities | 18 | 20.64% | — | Jan 2017 | GWMIX vs YFSIX | |
| AMG River Road Small-Mid Cap Value Fund | Small Cap Value Equities | 6 | 7.87% | — | Mar 2007 | GWMIX vs ARSMX | |
| AMG Veritas Global Real Return Fund | Large Cap Growth Equities | 1 | -4.19% | — | Jan 1991 | GWMIX vs BLUEX | |
| AMG River Road Small Cap Value Fund | Small Cap Value Equities | 3 | 8.37% | — | Jun 2005 | GWMIX vs ARSVX | |
| AMG TimesSquare Mid Cap Growth Fund | Mid Cap Growth Equities | 3 | 6.38% | — | Mar 2005 | GWMIX vs TMDIX | |
| AMG River Road Large Cap Value Select Fund | Large Cap Blend Equities | 1 | -1.43% | — | Aug 1992 | GWMIX vs MEQFX | |
| AMG GW&K Small Cap Value Fund | Small Cap Blend Equities | 31 | 23.03% | — | Apr 1987 | GWMIX vs SKSEX |
Often Compared With GWMIX
Investors most often compare GWMIX with ARDEX, BRWIX, CHTTX. These 15 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare GWMIX with Any Fund or Stock
Compare GWMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GWMIX with funds that move differently
AMG GW&K Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GWMIX.
Explore GWMIX Diversifiers