AMG GW&K Muni Income ETF
MUNX
New York Stock Exchange Arca- -
USD
- -
- -
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
FRC
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in mil. unless spec.- CEO
- Brian T. Moreland
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 605 Third Avenue New York NY United States of America 10158
- IPO Date
- Oct 24, 2025
- Website
- amgetfs.com
- Similar Companies
- Business
- AMG GW&K Muni Income ETF (MUNX) is an actively managed exchange-traded fund that seeks current income exempt from federal income tax, consistent with preservation of capital, and capital appreciation as a secondary objective. The fund invests at least 80% of its net assets in municipal bonds whose income is exempt from federal income tax, with flexibility to invest across the municipal bond spectrum, including intermediate-term bonds, various durations, geographies, sectors, and credit qualities ranging from investment grade to below investment grade (up to 35% in unrated or high-yield securities); it may allocate up to 100% to bonds potentially subject to the federal alternative minimum tax and employs a bottom-up, research-driven process emphasizing creditworthiness, bond structure, and market inefficiencies. MUNX trades on NYSE Arca, Inc., pays monthly dividends, benchmarks against the ICE BofA US Municipal Securities Index, and maintains an expense ratio of 0.29% with approximately 46 holdings, an average effective duration of 5.32 years, and a yield to maturity of 4.00% as of late 2025. Launched on October 29, 2025, by AMG ETF Trust, with GW&K Investment Management, LLC serving as sub-adviser, MUNX represents the latest addition to AMG's active ETF lineup and leverages GW&K's municipal bond expertise dating back to 1974. The fund commenced trading on NYSE Arca shortly after inception, quickly growing net assets to $10.47 million by December 2025 with 420,000 shares outstanding, and issued its first monthly dividend ex-date on December 1, 2025, at $0.06153 per share. GW&K, an AMG affiliate since 2008 and headquartered at 222 Berkeley Street, 15th Floor, Boston, MA, manages the portfolio as part of its broader offerings in domestic equity, global equity, taxable bonds, and municipal bonds across separate accounts, U.S. mutual funds, UCITS, and private funds. MUNX targets investors seeking tax-exempt income from a diversified national portfolio of municipal securities issued by states, local governments, utilities, transportation authorities, housing agencies, and education facilities across the U.S., with geographic diversification but potential concentration in specific states or sectors based on opportunities. The fund's holdings include prominent issues such as JEA Electric System Revenue bonds, Commonwealth Financing Authority notes, Philadelphia Gas Works revenue bonds, and New York Transportation Development Corp. obligations, alongside cash equivalents. Operated under AMG ETF Trust, c/o C T Corporation System in Boston, MA, MUNX focuses on the municipal bond segment of the fixed-income market without notable recent partnerships, acquisitions, or strategic shifts beyond its inaugural launch.