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Trending ETFs

AMG GW&K Core Bond ESG Fund

mutual fund
MBDFX
Payout Change
Pending
Price as of:
$9.02 -0.02 -0.22%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Z (MBDLX) I (MBDFX) N (MBGVX)
MBDFX (Mutual Fund)

AMG GW&K Core Bond ESG Fund

Payout Change
Pending
Price as of:
$9.02 -0.02 -0.22%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Z (MBDLX) I (MBDFX) N (MBGVX)
MBDFX (Mutual Fund)

AMG GW&K Core Bond ESG Fund

Payout Change
Pending
Price as of:
$9.02 -0.02 -0.22%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Z (MBDLX) I (MBDFX) N (MBGVX)

Name

As of 12/11/2024

Price

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

AMG GW&K Core Bond ESG Fund

MBDFX | Fund

$9.02

$119 M

3.51%

$0.32

0.66%

Vitals

YTD Return

3.0%

1 yr return

4.1%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

-0.3%

Net Assets

$119 M

Holdings in Top 10

22.2%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.66%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 62.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

$25,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/11/2024

Price

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

AMG GW&K Core Bond ESG Fund

MBDFX | Fund

$9.02

$119 M

3.51%

$0.32

0.66%

MBDFX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.44%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AMG GW&K Core Bond ESG Fund
  • Fund Family Name
    AMG Funds
  • Inception Date
    May 08, 2015
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mary Kane

Fund Description

The Fund seeks to achieve its objective by investing in a diversified portfolio of fixed income securities.
Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds. The term “bond” includes any debt or fixed income security. The Fund normally invests in bonds that are rated “investment grade” by a nationally recognized statistical rating organization (“NRSRO”), such as Moody’s Investors Service, Inc. (“Moody’s”) or S&P Global Ratings (“S&P”), at the time of purchase. Investment grade securities are rated at least in the BBB/Baa major ratings categories by an NRSRO. From time to time, the Fund may invest in unrated bonds, which are considered by GW&K Investment Management, LLC (“GW&K” or the “Subadviser”) to be of comparable quality and creditworthiness as investment grade rated securities. In cases where the credit ratings agencies have assigned different credit ratings to the same security, the security will be considered to have the higher credit rating. The Fund may continue to hold securities that are downgraded in credit rating subsequent to their purchase if GW&K believes it would
be advantageous to do so. While the Fund may purchase debt securities of any duration, the Fund currently intends to primarily invest in debt securities so that the overall duration of the Fund’s portfolio will remain +/- 20% of the duration of its benchmark, the Bloomberg U.S. Aggregate Bond Index. As of December 31, 2023, the duration of the benchmark was 6.24years. The average duration of debt securities in the Fund’s portfolio may, however, be shorter or longer depending on market conditions.
The Fund may invest in debt securities issued by any of the following: public and private U.S. companies; the U.S. government and its agencies, such as the Federal Home Loan Bank; and state and local governments issuing taxable municipal securities. The Fund may also invest in asset-backed and mortgage-backed debt securities. The Fund may also invest in bonds whose proceeds are reserved for financing the implementation of the United Nations’ Sustainable Development Goals or other sustainable projects. GW&K’s investment process involves fundamental credit research and GW&K’s analysis of how the Fund’s potential investments are affected by material environmental, social and governance (“ESG”) factors. In selecting potential investments for the Fund, GW&K uses top-down research that focuses on managing duration, yield curve, credit quality, volatility and liquidity, as well as bottom-up research that focuses on fundamental analysis, valuation analysis, technical analysis, and ESG factor analysis. GW&K may adjust its assessment of an investment based on a number of considerations.
GW&K applies its ESG factor analysis when selecting debt securities issued by public and private U.S. companies and state and local governments issuing taxable municipal securities, but not when selecting debt securities issued by other types of issuers, including but not limited to U.S. Treasuries and agency mortgage-backed securities. GW&K has created its own proprietary ESG Scoring System, which takes into consideration a range of factors, including independent analysis from third parties, such as MSCI Inc. and Sustainalytics, as well as GW&K’s own analysis of material ESG factors. Each of GW&K’s sector specialists generally assesses the materiality of relevant ESG metrics to bond issues during the fundamental research process, depending on the sector and, for corporate issuers, the nature of the company’s business. GW&K uses standards developed by the Sustainable Accounting Standards Board to inform these assessments. Environmental assessment may take into account issues such as carbon emissions, natural resource usage, hazardous waste, chemical safety, water stress and sustainable technology. Social assessment may take into account issues such as human rights, labor relations, employee safety, product safety, data security and community relations. Governance assessment may take into account issues such as business ethics, board quality, board composition, compensation practices, financial reporting and stakeholder governance.
GW&K recognizes that the relative impact of ESG factors on investment performance may vary across market sector, industries and regions, but the firm believes that responsible corporate behavior with respect to ESG factors can contribute to positive and sustainable long-term financial performance. GW&K seeks
to identify issuers that GW&K believes are leaders in their industries in effectively addressing exposure to ESG risks through business practices, policies and programs, or issuers within an industry that have more limited exposure to ESG risks. The goal of the ESG factor analysis is to seek investments with lesser exposure to, or better management of, ESG risks.
Read More

MBDFX - Performance

Return Ranking - Trailing

Period MBDFX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -4.6% 11.7% 67.15%
1 Yr 4.1% -2.4% 15.0% 67.36%
3 Yr -2.2%* -10.0% 28.5% 62.51%
5 Yr -0.3%* -7.2% 58.8% 76.12%
10 Yr 1.3%* -2.8% 74.0% 68.60%

* Annualized

Return Ranking - Calendar

Period MBDFX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -16.2% 8.1% 25.78%
2022 -15.6% -34.7% 131.9% 38.83%
2021 -5.5% -11.6% 4.4% 94.99%
2020 5.3% -9.9% 946.1% 25.89%
2019 7.0% -1.7% 16.9% 9.84%

Total Return Ranking - Trailing

Period MBDFX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -4.6% 11.7% 67.15%
1 Yr 4.1% -2.4% 15.0% 67.36%
3 Yr -2.2%* -10.0% 28.5% 62.51%
5 Yr -0.3%* -7.2% 58.8% 76.12%
10 Yr 1.3%* -2.8% 74.0% 68.60%

* Annualized

Total Return Ranking - Calendar

Period MBDFX Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% -11.3% 11.9% 61.85%
2022 -13.9% -32.2% 131.9% 58.30%
2021 -1.8% -9.4% 9.2% 82.20%
2020 7.3% -1.9% 1009.0% 73.76%
2019 9.7% 1.1% 21668.0% 26.17%

NAV & Total Return History

MBDFX - Holdings

Concentration Analysis

MBDFX Category Low Category High MBDFX % Rank
Net Assets 119 M 2.9 M 314 B 89.02%
Number of Holdings 120 1 17880 93.46%
Net Assets in Top 10 27.1 M 1.62 M 35.1 B 89.20%
Weighting of Top 10 22.21% 4.7% 3984.6% 55.27%

Top 10 Holdings

  1. United States Treasury Note/Bond 4.39%
  2. United States Treasury Note/Bond 2.46%
  3. Freddie Mac Pool 2.46%
  4. United States Treasury Note/Bond 2.31%
  5. Freddie Mac Pool 2.04%
  6. Freddie Mac Pool 2.03%
  7. United States Treasury Note/Bond 1.76%
  8. Fannie Mae Pool 1.69%
  9. Freddie Mac Pool 1.61%
  10. State of California 1.47%

Asset Allocation

Weighting Return Low Return High MBDFX % Rank
Bonds 		96.56% 0.00% 9231.88% 41.24%
Other 		4.04% -27.25% 1695.17% 51.19%
Convertible Bonds 		1.01% 0.00% 7.93% 67.99%
Stocks 		0.00% 0.00% 99.98% 51.92%
Preferred Stocks 		0.00% 0.00% 72.34% 47.46%
Cash 		0.00% -54.51% 237.69% 94.70%

Bond Sector Breakdown

Weighting Return Low Return High MBDFX % Rank
Corporate 		33.67% 0.00% 100.00% 39.12%
Securitized 		32.91% 0.00% 98.40% 40.38%
Government 		20.79% 0.00% 86.23% 60.67%
Municipal 		7.71% 0.00% 100.00% 5.13%
Derivative 		0.00% -6.56% 44.82% 47.98%
Cash & Equivalents 		0.00% 0.00% 237.69% 93.04%

Bond Geographic Breakdown

Weighting Return Low Return High MBDFX % Rank
US 		96.56% 0.00% 9042.62% 39.15%
Non US 		0.00% 0.00% 189.26% 53.06%

MBDFX - Expenses

Operational Fees

MBDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.66% 0.01% 39.64% 52.25%
Management Fee 0.30% 0.00% 1.76% 32.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.50% 75.07%

Sales Fees

MBDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MBDFX 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.

MBDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 2.00% 493.39% 25.00%

MBDFX - Distributions

Dividend Yield Analysis

MBDFX Category Low Category High MBDFX % Rank
Dividend Yield 3.51% 0.00% 10.11% 81.55%

Dividend Distribution Analysis

MBDFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MBDFX Category Low Category High MBDFX % Rank
Net Income Ratio 1.44% -1.28% 4.79% 67.36%

Capital Gain Distribution Analysis

MBDFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MBDFX - Fund Manager Analysis

Managers

Mary Kane

Start Date

Tenure

Tenure Rank

Feb 26, 2015

7.26

7.3%

Mary is responsible for overseeing all aspects of our taxable fixed income team, including portfolio management, research and trading. She is also a member of the firm’s Investment and ESG Committees. Before joining GW&K in 2005, she was a Managing Director and Portfolio Manager with Fortis Investments where she was responsible for all of the firm’s U.S. dollar-denominated taxable bond mutual funds. Prior to that, Mary was a Vice President at Invesco, where she managed various institutional mandates, including several large pensions, endowments and foundations. In this capacity, she also served as a senior high yield credit analyst. She started her investment career as a Fixed Income Trader and Credit Analyst at Gardner and Preston Moss. Mary graduated cum laude from Wheaton College where she earned an AB in Economics and she received her MBA from Boston University’s Questrom School of Business. She is a CFA charterholder and a member of the CFA Institute and the CFA Society Boston.

Stephen Repoff

Start Date

Tenure

Tenure Rank

Dec 04, 2020

1.49

1.5%

Stephen is a portfolio manager across all of GW&K’s Taxable Fixed Income Strategies and is a member of the firm’s Investment Committee. He also provides research coverage for credits in the Energy, Autos, and Home Building sectors. Prior to joining GW&K in 2013, Stephen worked at Fidelity Investments as a High Yield Research Analyst. Stephen graduated Magna Cum Laude from Boston University where he received a BA in Philosophy and a BS in English Education. He received his MSF from Boston College and is a CFA charterholder. Stephen is a member of the CFA Institute and the CFA Society Boston.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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