Investment Approach

AMG GW&K Core Bond ESG Fund

GW&K believes that a multi-sector approach takes advantage of the relative valuations among distinct bond sectors and provides greater opportunities to generate income and capital appreciation, while helping to manage risk in changing economic environments. The Fund invests in a diversified portfolio of fixed income securities. Typically, when deciding which securities to buy or sell, GW&K:

• Incorporates ESG factors among many other fundamental, technical, and valuation factors
• Seeks companies that maintain sustainable competitive advantages and expect to benefit from emerging cyclical or secular drivers
• Seeks to identify companies that are undervalued due to temporary or discrete events
• Identifies companies that it believes are leaders in effectively addressing exposure to ESG risks through robust business practices, policies, and programs, or companies that have more limited exposure to ESG risks.
• Uses top-down research that focuses on managing: duration, yield curve, credit quality, volatility, and liquidity
• Uses bottom-up research that focuses on: fundamental analysis, valuation analysis, and technical analysis