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

Updated: September 10, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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 GWMTX top holdings?

GWMTX 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 GWMTX performance? What are GWMTX historical returns?

GWMTX has generated the following returns:

  • 1-month return is -0.54%;
  • 3-month return is 1.45%;
  • 1-year return is 2.31%;
  • 3-year return is 3.28%;
  • 5-year return is 3.31%;
  • 10-year return is 3.47%.

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

In the last 10 years, GWMTX had 8 up years and 2 down years.

5. What is GWMTX dividend yield?

GWMTX yield is 1.59%.

6. What is GWMTX minimum initial investment amount?

GWMTX minimum initial investment amount is $3.00K.

7. What is GWMTX expense ratio?

GWMTX expense ratio is 0.71%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

GWMTX 12b-1 distribution fee is 0.25. GWMTX front-end sales load is 0. GWMTX back-end sales load is 0.

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

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

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

  • 3-year beta is 1.00;
  • 5-year beta is 1.04;
  • 10-year beta is 1.06.

11. What is GWMTX Sharpe ratio?

  • 3-year Sharpe ratio is 0.45;
  • 5-year Sharpe ratio is 0.54;
  • 10-year Sharpe ratio is 0.77.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 6 reasons to sell it, resulting in the Finny Score of 0.

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

We don't see any strong reasons to buy GWMTX.

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

The following are GWMTX weaknesses from our perspective:

  • GWMTX net assets are $18.70 million. This fund is not a popular choice with retail investors.
  • GWMTX 3-year return is 3.28%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays Municipal 10 Yr 8-12 TR USD), 4.21%.
  • GWMTX 5-year return is 3.31%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays Municipal 10 Yr 8-12 TR USD), 4.19%.
  • GWMTX 10-year return is 3.47%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays Municipal 10 Yr 8-12 TR USD), 4.17%.
  • GWMTX expense ratio is 0.71%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
In the GWMTX review, we covered GWMTX 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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