Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Investment Style AMG GW&K Municipal Enhanced Yield Fund has a Fixed Income objective, seeking to achieve a high level of current income. High Med. Low Ltd. Mod. Ext. Fixed Income Objective AMG GW&K Municipal Enhanced Yield Fund is categorized as Medium-Extensive. It combines medium credit quality with extensive interest-rate sensitivity. Morningstar Ratings Risk-adjusted returns as of 02/28/2026 Overall Rating (of 170) 3 Years (of 170) 5 Years (of 164) 10 Years — Category High Yield Muni Read Important Investment Disclosures Performance Performance Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings 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 John B. Fox, CFA PARTNER, DIRECTOR OF FIXED INCOME Read full bio Martin R. Tourigny, CFA PARTNER, PORTFOLIO MANAGER Read full bio Brian T. Moreland, CFA PARTNER, PORTFOLIO MANAGER Read full bio Kara M. South, CFA PARTNER, PORTFOLIO MANAGER Read full bio Investment Approach Investment Approach AMG GW&K Municipal Enhanced Yield Fund The Fund focuses on the long end of the curve, seeking to capitalize on the yield and return characteristics of longer-term municipal bonds. The Fund uses fundamental research to attempt to uncover and exploit inefficiencies in the municipal bond market with a goal to produce high after-tax income. The Portfolio is constructed using a research-intensive approach, executing purchases and sales after conducting both structure and credit research. Additional Fund Highlight GW&K has invested in municipal bonds since the firm’s founding in 1974. Opportunities in Longer-Maturity Municipal Bonds With interest rate increases over recent years, municipal bond investors have opportunities for higher income and total return. Vehicles like the AMG GW&K Municipal Enhanced Yield Fund seek to take advantage of current market conditions to capitalize on longer-term and lower grade-rated municipal bonds. Read More Related products Other Products From GW&K Investment Management MBGVX AMG GW&K Core Bond ESG Fund View Fund Details MGFIX AMG GW&K ESG Bond Fund View Fund Details MECAX AMG GW&K International Small Cap Fund View Fund Details GWMTX AMG GW&K Municipal Bond Fund View Fund Details MESHX AMG GW&K Municipal Enhanced SMA Shares View Fund Details GWSBX AMG GW&K Securitized Bond SMA Shares View Fund Details GWETX AMG GW&K Small Cap Core Fund View Fund Details MCGFX AMG GW&K Small Cap Growth Fund View Fund Details SKSEX AMG GW&K Small Cap Value Fund View Fund Details GWGVX AMG GW&K Small/Mid Cap Core Fund View Fund Details ACWDX AMG GW&K Small/Mid Cap Growth Fund View Fund Details Stay up-to-date Sign up to receive our latest views and thinking, in addition to other news and product-related information. CHOOSE SUBSCRIPTIONS