Fund Overview

Share Class

I

NAV | as of 02/27/2024

$20.78
-$0.09 (-0.03%)

Morningstar | Style Box

L M E H M L

Growth of $10,000 (Hypothetical)

Since Inception 03/12/2021 to 01/31/2024 = $10,626.34

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.
SEE ALL PERFORMANCE

  The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Objective

The Fund seeks high income

Why Consider

  • May be appropriate for investors seeking a short term high income investment
  • Employs a research intensive investment process combining quantitative screening tools with in-depth security specific research
  • Manages risk by limiting duration and focusing on the highest quality of non-investment grade corporate bonds

Performance

Performance

Read Important Investment Disclosures

Returns

Trailing Returns

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Expense Ratios

  • Gross Expense Ratio: 1.14%
  • Net Expense Ratio: 0.66%
  • Expense Cap Expiration Date: 05/01/2024

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Fixed)

As of: 12/31/2023

NuStar Logistics LP Fixed 1.96%
SLM Corp Fixed 1.83%
SM Energy Co Fixed 1.78%
Matador Resources Co Fixed 1.63%
Southwestern Energy Co Fixed 1.62%
Citigroup Inc Floating Perpetual 1.61%
Prime Security Services Borrower LLC Fixed 144A 1.60%
Starwood Property Trust Inc Fixed 1.57%
Navient Corp Fixed 1.52%
MGM Resorts International Fixed 1.49%
% in Top 10 Holdings 16.62%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Fixed)

As of: 12/31/2023

View Allocation Details

About the Affiliate

About GW&K Investment Management

GW&K Investment Management is a dynamic investment management firm that offers asset allocation, active equity, and fixed income investment solutions to help meet the needs of a diverse client base. GW&K’s founding principles of applying rigorous fundamental research, focusing on quality, and maintaining a long-term view still guide its investment process today.

Learn More About GW&K Investment Management's Approach

FOUNDED

1974

AMG AFFILIATE SINCE

2008

HEADQUARTERS

Boston, MA

Portfolio Managers

Stephen J. Repoff, CFA

PRINCIPAL, PORTFOLIO MANAGER

Read full bio

Investment Approach

Investment Approach

GW&K High Income Fund

  •  The Fund invests in a diversified portfolio of short-term, non-investment grade corporate bonds, which have the potential to generate high income and strong total return over the long term while assuming manageable levels of risk
  • GW&K believes the short-term segment of the high yield corporate sector provides attractive returns with lower volatility compared to the overall high yield market
  • Under normal market conditions, the Fund invests in bonds with maturities less than five years and seeks to target bonds with an average rating of BB
  • GW&K employs a research intensive process which seeks out relative value opportunities within the corporate bond universe based on their assessment of macro-economic conditions and sound fundamental credit research
  • Uses bottom-up research that focuses on fundamental, valuation, technical and ESG factor analysis
  • A strong risk management process is used to achieve portfolio diversification, manage credit risk, and set sector, quality and issuer limits

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