- What does GWMNX invest in?
- The fund's main objective is to provide investors with a significant amount of current income that is not subject to federal income tax. While capital growth is also sought, it remains a secondary priority to income generation. To achieve this, at least 80% of its net assets, along with any borrowed funds used for investment, are allocated to U.S. dollar-denominated fixed income instruments that are exempt from federal income tax. The portfolio has the flexibility to invest up to 35% of its total assets in unrated securities, and can collectively allocate up to 50% of its total assets to a combination of unrated and high-yield securities.
- What is the expense ratio of GWMNX?
- AMG GW&K Municipal Enhanced Yield Fund - Class N (GWMNX) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.
- What is GWMNX's dividend yield?
- GWMNX's trailing-twelve-month yield is 3.37%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of GWMNX?
- Effective duration measures GWMNX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GWMNX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of GWMNX?
- GWMNX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of GWMNX?
- Yield to maturity (YTM) is the total return you'd earn from GWMNX if every bond in the portfolio is held to maturity at the current price. GWMNX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
