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AMG GW&K SMALL/MID CAP CORE FUND
GWGZX (Mutual Fund)
AMG GW&K SMALL/MID CAP CORE FUND
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
17.9%
1 yr return
26.0%
3 Yr Avg Return
4.2%
5 Yr Avg Return
12.0%
Net Assets
$709 M
Holdings in Top 10
19.8%
52 WEEK LOW AND HIGH
$20.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.83%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
$50,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GWGZX - Profile
Distributions
- YTD Total Return 17.9%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return 12.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.07%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAMG GW&K SMALL/MID CAP CORE FUND
-
Fund Family NameAMGFUNDSGR
-
Inception DateFeb 24, 2017
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Miller
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small- and mid-capitalization companies. The Fund primarily invests in common stock and preferred stock of U.S. small- and mid-capitalization companies. Small- and mid-capitalization companies are those with a market capitalization, at the time of purchase, between $250 million and $10 billion or otherwise within the range of capitalizations of companies in the Russell 2500™ Index (between $159.5 million and $15.8 billion as of April28, 2023, the date of the latest reconstitution of the Index (implemented by the Index June 23, 2023)). This capitalization range will change over time. The Fund may continue to hold securities of a portfolio company that subsequently drops below or appreciates above this capitalization threshold. Because of this, the Fund may have less than 80% of its net assets in equity securities of small- and mid-capitalization companies at any given time.
The Fund invests in an unrestricted opportunity set, pursuing what it believes to be quality companies with either growth- or value-oriented characteristics. GW&K Investment Management,
LLC, the subadviser to the Fund (“GW&K” or the “Subadviser”), seeks to assemble a portfolio of securities diversified as to companies and industries. The Subadviser may consider increasing or reducing the Fund’s investment in a particular industry in view of the Fund’s goal of achieving industry diversification.
GWGZX - Performance
Return Ranking - Trailing
| Period | GWGZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.9% | 5.4% | 119.2% | 72.48% |
| 1 Yr | 26.0% | 10.4% | 124.0% | 68.99% |
| 3 Yr | 4.2%* | -13.7% | 62.9% | 33.66% |
| 5 Yr | 12.0%* | -1.6% | 104.4% | 39.58% |
| 10 Yr | N/A* | 3.1% | 26.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | GWGZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.5% | -27.7% | 68.0% | 66.54% |
| 2022 | -21.3% | -85.6% | 52.8% | 8.02% |
| 2021 | 19.4% | -74.9% | 238.3% | 6.25% |
| 2020 | 23.1% | -44.1% | 2474.5% | 62.29% |
| 2019 | 30.5% | -50.2% | 44.0% | 26.45% |
Total Return Ranking - Trailing
| Period | GWGZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.9% | 5.4% | 119.2% | 72.48% |
| 1 Yr | 26.0% | 10.4% | 124.0% | 68.99% |
| 3 Yr | 4.2%* | -13.7% | 62.9% | 33.66% |
| 5 Yr | 12.0%* | -1.6% | 104.4% | 39.58% |
| 10 Yr | N/A* | 3.1% | 26.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GWGZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.8% | -26.1% | 68.0% | 81.32% |
| 2022 | -17.9% | -67.0% | 56.8% | 9.78% |
| 2021 | 26.0% | -23.5% | 342.2% | 5.24% |
| 2020 | 23.4% | 2.6% | 2549.1% | 85.42% |
| 2019 | 30.9% | 14.6% | 44.8% | 70.75% |
NAV & Total Return History
GWGZX - Holdings
Concentration Analysis
| GWGZX | Category Low | Category High | GWGZX % Rank | |
|---|---|---|---|---|
| Net Assets | 709 M | 2.73 M | 100 B | 62.02% |
| Number of Holdings | 88 | 24 | 3569 | 36.43% |
| Net Assets in Top 10 | 150 M | 670 K | 11.3 B | 63.76% |
| Weighting of Top 10 | 19.76% | 4.5% | 97.8% | 87.02% |
Top 10 Holdings
- Piper Sandler Cos 2.23%
- FICC 2.18%
- Texas Roadhouse Inc 2.12%
- Comfort Systems USA Inc 2.07%
- BJ's Wholesale Club Holdings Inc 2.01%
- CyberArk Software Ltd 2.01%
- Manhattan Associates Inc 1.86%
- EAGLE MATERIALS INC 1.80%
- Cavco Industries Inc 1.76%
- Voya Financial Inc 1.73%
Asset Allocation
| Weighting | Return Low | Return High | GWGZX % Rank | |
|---|---|---|---|---|
| Stocks | 97.35% | 58.72% | 103.99% | 71.12% |
| Other | 2.18% | -0.11% | 14.45% | 6.20% |
| Cash | 0.47% | 0.00% | 28.07% | 75.58% |
| Preferred Stocks | 0.00% | 0.00% | 6.15% | 18.02% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 7.56% |
| Bonds | 0.00% | 0.00% | 2.73% | 15.70% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GWGZX % Rank | |
|---|---|---|---|---|
| Healthcare | 19.12% | 0.00% | 37.06% | 35.27% |
| Industrials | 16.32% | 0.00% | 38.23% | 33.33% |
| Technology | 14.88% | 0.04% | 62.17% | 92.64% |
| Consumer Cyclical | 12.63% | 0.00% | 57.41% | 65.50% |
| Financial Services | 12.13% | 0.00% | 43.01% | 21.51% |
| Real Estate | 6.79% | 0.00% | 19.28% | 13.57% |
| Energy | 5.50% | 0.00% | 62.10% | 10.85% |
| Basic Materials | 5.32% | 0.00% | 17.25% | 13.37% |
| Consumer Defense | 5.05% | 0.00% | 16.40% | 11.63% |
| Utilities | 2.25% | 0.00% | 12.94% | 10.47% |
| Communication Services | 0.00% | 0.00% | 18.33% | 88.57% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GWGZX % Rank | |
|---|---|---|---|---|
| US | 97.35% | 46.79% | 103.99% | 62.40% |
| Non US | 0.00% | 0.00% | 34.12% | 30.62% |
GWGZX - Expenses
Operational Fees
| GWGZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.83% | 0.02% | 17.54% | 75.00% |
| Management Fee | 0.62% | 0.00% | 1.50% | 25.44% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.40% | 77.38% |
Sales Fees
| GWGZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GWGZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GWGZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 0.00% | 250.31% | 18.71% |
GWGZX - Distributions
Dividend Yield Analysis
| GWGZX | Category Low | Category High | GWGZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.20% | 0.00% | 33.43% | 14.92% |
Dividend Distribution Analysis
| GWGZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| GWGZX | Category Low | Category High | GWGZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.07% | -2.24% | 2.75% | 14.57% |
Capital Gain Distribution Analysis
| GWGZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.041 | OrdinaryDividend |
| Dec 15, 2022 | $0.644 | OrdinaryDividend |
| Dec 15, 2021 | $1.045 | OrdinaryDividend |
| Dec 16, 2020 | $0.029 | OrdinaryDividend |
| Dec 16, 2019 | $0.027 | OrdinaryDividend |
| Dec 16, 2019 | $0.016 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.195 | CapitalGainShortTerm |
| Dec 27, 2018 | $0.043 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.019 | OrdinaryDividend |
| Dec 27, 2017 | $0.017 | OrdinaryDividend |
| Dec 27, 2017 | $0.101 | CapitalGainShortTerm |
| Dec 27, 2017 | $0.048 | CapitalGainLongTerm |
GWGZX - Fund Manager Analysis
Managers
Daniel Miller
Start Date
Tenure
Tenure Rank
Jun 30, 2015
6.92
6.9%
Dan is responsible for overseeing all aspects of our Equity teams, including portfolio management, research, and trading. He also is a member of the firm’s Management, Investment and ESG Committees. Dan brings more than three decades of industry experience to GW&K. Prior to joining the firm, Dan worked with various companies in the Boston area as an Investment and Financial Consultant. Previously he spent 21 years at Putnam Investments in Boston, where he was Chief Investment Officer for the Specialty Growth Group overseeing a team of twenty and up to $100 billion in assets under management. He was a portfolio management team member of several small and mid cap growth funds, and the lead manager for the Putnam New Opportunities Fund since its inception in 1990. Dan was also a member of Putnam’s Management Committee and Partners Group. He began his career as an Analyst at Morgan Stanley. Dan graduated from the University of California, Berkeley and received his MBA from Stanford University Graduate School of Business. He earned the CFA designation and is a member of the CFA Institute and the CFA Society Boston.
Jeffrey Thibault
Start Date
Tenure
Tenure Rank
Feb 27, 2017
5.26
5.3%
Jeff is the Portfolio Manager for our Small Cap Core and Small/Mid Cap Core Strategies. He also directs GW&K’s research effort for small and mid cap stocks and is a member of the firm’s Investment Committee. He started his investment career in 1998 working for BNY Asset Management first as an associate analyst and then as an analyst on their successful Small Cap Growth investment team. Jeff joined GW&K’s Equity team in 2004. He earned a BS from the University of Vermont and an MBA from the University of North Carolina, Chapel Hill. Jeff earned the CFA designation and is a member of the CFA Institute and the CFA Society Boston.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.42 | 1.04 |
