AMG GW&K Small Cap Value Fund II - Class N
ASCTX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 680 Washington Boulevard, Suite 500 Stamford CT United States of America 6901
- IPO Date
- Jan 2, 2019
- CIK
- 0000912036
- Similar Companies
- Business
- AMG GW&K Small Cap Value Fund II - Class N (ASCTX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of small-cap companies. Under normal circumstances, the fund invests at least 80% of its assets in common stocks and other equity securities of small-cap companies defined as those with market capitalizations at the time of purchase of less than $5 billion or within the range of the Russell 2000 Value Index, S&P SmallCap 600 Index, or Dow Jones U.S. Small-Cap Total Stock Market Index; it may also invest in real estate investment trusts (REITs). The fund offers Class N shares with a net expense ratio of approximately 1.39%, targeting institutional and retail investors seeking exposure to undervalued small-cap value stocks through a disciplined, fundamental research-driven approach managed by GW&K Investment Management, LLC. Geographically, the fund focuses on U.S. equities, with primary allocations to domestic stocks comprising about 96% of assets, supplemented by minor non-U.S. holdings, cash, and sector diversification across financials, consumer discretionary, technology, and healthcare. The fund operates as a series of AMG Funds IV, with investment management provided by AMG Funds LLC and subadvisory services from GW&K Investment Management, an Affiliated Managers Group (AMG)-backed firm founded in 1974 and headquartered at 222 Berkeley Street, Boston, Massachusetts. GW&K applies rigorous fundamental analysis to identify quality small-cap companies trading at attractive valuations, emphasizing consistent earnings growth potential and ESG integration where applicable. A major recent change occurred through a reorganization where the fund, formerly known as AMG Managers Silvercrest Small Cap Fund, transitioned to GW&K subadvisory oversight, involving a proposed merger into AMG GW&K Small Cap Value Fund (the acquiring fund), accompanied by fee waivers and expense limitations to reduce net expense ratios—such as capping management fees at 0.70%, shareholder servicing at 0.25%, and total operating expenses at 0.90% through the termination date. This strategic shift enhanced operational alignment with GW&K's value-oriented expertise and included contractual expense reimbursements by AMG Funds LLC, effective post-shareholder approval and pending completion of the reorganization. In Q2 2025, the fund reported a 1.94% return, underperforming its Russell 2000 Value Index benchmark amid market volatility, while demonstrating resilience with outperformance over longer periods like the prior 12 months.