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15 important things you should know about AMG Funds GWMIX mutual fund

Updated: September 18, 2020
50
Bull Case
  • 10-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • 3-year return below the benchmark
  • 5-year return below the benchmark

Before we start: if you’re looking for GWMIX “stock” price, you can quickly find it out by visiting Finny and typing "GWMIX quote". If you’re looking for a quick scoop on GWMIX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "GWMIX". You’ll get all this info in one place.

Are you looking to buy or sell GWMIX? Or perhaps you’re looking for GWMIX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this GWMIX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: GWMIX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: GWMIX buy or sell; the pros and cons of investing in GWMIX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to GWMIX.

And here is the list of questions we’ll answer:

  1. Describe AMG Funds: AMG GW&K Municipal Bond Fund; Class I Shares (GWMIX).
  2. What are GWMIX holdings?
  3. What is GWMIX performance? What are GWMIX historical returns?
  4. How many up and down years did GWMIX have historically?
  5. What is GWMIX dividend yield?
  6. What is GWMIX minimum initial investment amount?
  7. What is GWMIX expense ratio?
  8. Does GWMIX have any sales loads or 12b-1 distribution expenses?
  9. What is GWMIX tax efficiency (tax-cost ratio)?
  10. What is GWMIX beta? How would you assess GWMIX risk?
  11. What is GWMIX Sharpe ratio?
  12. What is GWMIX Finny Score? GWMIX buy or sell?
  13. What are the pros of investing in GWMIX? What are GWMIX buy reasons?
  14. What are the cons of investing in GWMIX? What are GWMIX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe AMG Funds: AMG GW&K Municipal Bond Fund; Class I Shares (GWMIX).

The Fund seeks current income exempt from federal income tax, consistent with preservation of capital. The Fund seeks to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that are exempt from federal income tax.

2. What are GWMIX top holdings?

GWMIX has 0 stock holdings and 115 bond holdings.

The top 9 holdings represent 15.43% of total assets. Here are the top holdings:

Name Symbol % Assets
MARYLAND ST 5% N/A 2.67%
WISCONSIN ST TRANSN REV 5% N/A 2.35%
NORTH CAROLINA ST LTD OBLIG 5% N/A 1.76%
IOWA FIN AUTH REV 5% N/A 1.73%
FLORIDA ST BRD ED PUB ED 5% N/A 1.68%
MARYLAND ST DEPT TRANSN CONS TRANSN 5% N/A 1.40%
METROPOLITAN TRANSN AUTH N Y REV 5% N/A 1.38%
CURATORS UNIV MO SYS FACS REV 5% N/A 1.24%
ILLINOIS FIN AUTH REV 5% N/A 1.22%

3. What is GWMIX performance? What are GWMIX historical returns?

GWMIX has generated the following returns:

  • 1-month return is -0.51%;
  • 3-month return is 1.52%;
  • 1-year return is 2.62%;
  • 3-year return is 3.62%;
  • 5-year return is 3.68%;
  • 10-year return is 3.90%.

4. How many up and down years did GWMIX have historically?

In the last 10 years, GWMIX had 8 up years and 2 down years. See Performances

5. What is GWMIX dividend yield?

GWMIX yield is 1.88%.

6. What is GWMIX minimum initial investment amount?

GWMIX minimum initial investment amount is N/A.

7. What is GWMIX expense ratio?

GWMIX expense ratio is 0.39%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

8. Does GWMIX have any sales loads or 12b-1 distribution expenses?

GWMIX 12b-1 distribution fee is 0. GWMIX front-end sales load is 0. GWMIX back-end sales load is 0.

9. What is GWMIX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0%;
  • 3-year ax cost ratio is 0.01%.

See Taxes

10. What is GWMIX beta? How would you assess GWMIX risk?

  • 3-year beta is 1.00;
  • 5-year beta is 1.04;
  • 10-year beta is 1.07.

See Risks

11. What is GWMIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.53;
  • 5-year Sharpe ratio is 0.63;
  • 10-year Sharpe ratio is 0.86.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 50. Our quantitative analysis shows 2 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 50.

13. What are the pros of investing in GWMIX? What are GWMIX buy reasons?

The following are GWMIX strengths from our perspective:

  • <strong>GWMIX 10-year return</strong> is 3.9%, which is in line with the 10-year return of the benchmark index (Bloomberg Barclays Municipal 10 Yr 8-12 TR USD), 4.17%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in GWMIX? What are GWMIX negatives?

The following are GWMIX weaknesses from our perspective:

  • <strong>GWMIX 3-year return</strong> is 3.62%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays Municipal 10 Yr 8-12 TR USD), 4.21%.
  • <strong>GWMIX 5-year return</strong> is 3.68%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays Municipal 10 Yr 8-12 TR USD), 4.19%.
In the GWMIX review, we covered GWMIX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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