AMG GW&K ESG Bond Fund
MGFIX
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- AMG GW&K ESG Bond Fund (MGFIX) is an open-end mutual fund that seeks to generate income and capital appreciation by investing primarily in a diversified portfolio of fixed income securities, with at least 80% of net assets allocated to bonds selected for environmental, social, and governance (ESG) characteristics; the portfolio emphasizes intermediate core-plus bond strategies featuring mid credit quality and moderate interest-rate sensitivity, including corporate bonds (approximately 43-48%), agency mortgage-backed securities (24-32%), U.S. government bonds (11%), asset-backed securities (4-6%), and municipal taxable bonds; top holdings typically include U.S. Treasury Bonds, Federal National Mortgage Association securities, and Federal Home Loan Mortgage Corp. notes, comprising about 12% of assets. The fund operates within the intermediate core-plus bond category, targeting institutional and retail investors in the United States, with total net assets of approximately $358 million across share classes and a domicile in the United States; Class N shares (MGFIX), launched on June 1, 1984, carry a net expense ratio of 0.68% and minimum initial investment of $2,000, while Class I shares (MGBIX), launched April 1, 2013, feature a 0.48% expense ratio and $100,000 minimum; it is available for sale exclusively in the United States with daily pricing. Managed by GW&K Investment Management LLC, an active investment manager based in Boston, Massachusetts and founded in 1974, the fund integrates ESG criteria to mitigate risks and favor issuers with strong sustainability profiles; portfolio management includes Mary Kane since March 19, 2021, and Brett Kozlowski, added as co-manager for Class I shares effective July 1, 2025, as disclosed in recent SAI updates. Recent developments include the appointment of new partners at GW&K in April 2024, such as Aaron Clark, Bryan Scott, and Kara South, strengthening the firm's fixed-income expertise including municipal bonds relevant to ESG strategies; the fund maintained stable performance amid 2025 market volatility, delivering Q1 returns of around 2.66% and focusing on high-quality credits with low turnover; additionally, GW&K expanded its leadership in March 2025 by naming Leigh Williamson and Gayle Hodus as partners.