AMG GW&K Municipal Enhanced Yield Fund - Class N
GWMNX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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 06901
- IPO Date
- Jul 27, 2009
- CIK
- 0001089951
- Website
- wealth.amg.com
- Similar Companies
- Business
- AMG GW&K Municipal Enhanced Yield Fund - Class N (GWMNX) is an open-end mutual fund that seeks a high level of current income exempt from federal income tax, with capital appreciation as a secondary objective; it invests at least 80% of its net assets in U.S. dollar-denominated fixed income securities exempt from federal income tax, including up to 35% in unrated securities and up to 50% in unrated and high yield securities, with a focus on the long end of the municipal bond curve for enhanced yield in the high yield muni category. The fund emphasizes municipal tax-exempt bonds (95.70% of assets), cash equivalents, and a diversified portfolio of high-yield offerings such as Texas Private Activity Board Surface Transportation Corp Revenue 5%, Public Authority for Colorado Energy Natural Gas Purchase Revenue 6.5%, Richland County School District No. 002 1.875%, Pennsylvania Economic Development Financing Authority Private Activity Revenue 5.25%, and Central Plains Energy Project Nebraska Gas Project Revenue 5%; it maintains medium credit quality and extensive interest-rate sensitivity, with an effective duration of approximately 9.89 years and total net assets of about $164.64 million USD. Managed by a team at GW&K Investment Management, including John Fox and Martin Tourigny (since 2005), Brian Moreland (since 2006), and Kara South (since 2022), the fund operates with a net expense ratio of 0.99%, no front-end or deferred loads, a minimum initial investment of $2,000, and daily pricing. Launched on July 27, 2009, and domiciled in the United States with availability limited to U.S. investors, the fund is subadvised by GW&K Investment Management, a Boston-headquartered firm founded in 1974 that manages $52.9 billion in assets across equity, fixed income, and multi-asset strategies as an affiliate of Affiliated Managers Group (AMG). GW&K, located at 222 Berkeley Street in Boston, Massachusetts, employs a research-driven, active management approach emphasizing quality growth, quality value, and high total return objectives suitable for clients tolerant of principal volatility in higher-yielding municipal segments. The fund targets institutional and individual investors seeking tax-exempt income from municipal bonds, primarily U.S.-issued securities across sectors like transportation, energy, education, and economic development. In recent developments, GW&K Investment Management appointed Leigh Williamson and Gayle Hodus as new partners in March 2025 to bolster leadership in client portfolio management, human resources, and firm strategy, reflecting ongoing internal strengthening amid a stable operational profile for the fund with no reported acquisitions, funding rounds, or major strategic shifts specific to GWMNX in the last 1-2 years. The fund maintained consistent performance and portfolio composition through 2025, with year-to-date returns around 2.40% as of December 2025 and top holdings stable in high-yield municipal revenue bonds. GW&K continues to expand its broader offerings, including name changes and strategy updates for sister funds like the AMG GW&K Small Cap Growth Fund effective December 8, 2025, underscoring the affiliate's adaptive evolution within AMG's ecosystem.