Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
AMG GW&K Small Cap Core Fund
GWEZX (Mutual Fund)
AMG GW&K Small Cap Core Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
20.3%
1 yr return
24.5%
3 Yr Avg Return
4.1%
5 Yr Avg Return
9.9%
Net Assets
$651 M
Holdings in Top 10
19.8%
52 WEEK LOW AND HIGH
$36.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.91%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
$50,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GWEZX - Profile
Distributions
- YTD Total Return 20.3%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 9.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.05%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAMG GW&K Small Cap Core Fund
-
Fund Family NameAMGFUNDSGR
-
Inception DateFeb 24, 2017
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Miller
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small-capitalization companies. The Fund primarily invests in common stock and preferred stock of U.S. small-capitalization companies. Small-capitalization companies are those with a market capitalization at the time of purchase of less than $5 billion or otherwise within the range of capitalizations of companies in the Russell 2000® Index, the S&P SmallCap 600 Index, or the Dow Jones U.S. Small-Cap Total Stock Market Index. As of April28, 2023, the date of the latest reconstitution of the Russell 2000® Index (implemented by the Index June 23, 2023), the range of market capitalizations of the Russell 2000® Index was $159.5 million to $6 billion. As of February 29, 2024, the range of market capitalizations of the S&P SmallCap 600 Index was $262.97 million to $7.832 billion. As of February 29, 2024, the range of market capitalizations of the Dow Jones U.S. Small-Cap Total Stock Market Index was $1.43 million to $15.374 billion. These capitalization ranges will change over time. The Fund may continue to hold securities of a portfolio company that subsequently appreciates above the small-capitalization threshold. Because of this, the Fund may
have less than 80% of its net assets in equity securities of small-capitalization companies at any given time.
The Fund invests in an unrestricted opportunity set, pursuing what it believes to be quality companies with either growth- or value-oriented characteristics. GW&K Investment Management, LLC, the subadviser to the Fund (“GW&K” or the “Subadviser”), seeks to assemble a portfolio of securities diversified as to companies and industries. The Subadviser generally expects that each economic sector within the Russell 2000®Index will be represented in the Fund’s portfolio. The Subadviser may consider increasing or reducing the Fund’s investment in a particular industry in view of the Fund’s goal of achieving industry diversification.
GWEZX - Performance
Return Ranking - Trailing
| Period | GWEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 20.3% | -60.4% | 86.4% | 39.81% |
| 1 Yr | 24.5% | -57.4% | 88.1% | 39.26% |
| 3 Yr | 4.1%* | -15.0% | 63.0% | 24.58% |
| 5 Yr | 9.9%* | -10.4% | 48.0% | 40.12% |
| 10 Yr | N/A* | -3.9% | 25.6% | 49.05% |
* Annualized
Return Ranking - Calendar
| Period | GWEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.3% | -20.5% | 54.6% | 90.89% |
| 2022 | -17.0% | -82.1% | 32.2% | 3.38% |
| 2021 | 11.2% | -90.6% | 300.1% | 8.30% |
| 2020 | 15.2% | -63.0% | 127.9% | 90.61% |
| 2019 | 24.3% | -7.7% | 42.9% | 39.64% |
Total Return Ranking - Trailing
| Period | GWEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 20.3% | -60.4% | 86.4% | 39.81% |
| 1 Yr | 24.5% | -57.4% | 88.1% | 39.26% |
| 3 Yr | 4.1%* | -15.0% | 63.0% | 24.58% |
| 5 Yr | 9.9%* | -10.4% | 48.0% | 40.12% |
| 10 Yr | N/A* | -3.9% | 25.6% | 47.25% |
* Annualized
Total Return Ranking - Calendar
| Period | GWEZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.4% | -19.0% | 136.8% | 91.64% |
| 2022 | -16.2% | -59.9% | 44.3% | 5.44% |
| 2021 | 21.5% | -22.7% | 411.9% | 11.89% |
| 2020 | 18.2% | 1.5% | 150.8% | 93.93% |
| 2019 | 31.1% | 5.5% | 55.3% | 41.25% |
NAV & Total Return History
GWEZX - Holdings
Concentration Analysis
| GWEZX | Category Low | Category High | GWEZX % Rank | |
|---|---|---|---|---|
| Net Assets | 651 M | 209 K | 34.3 B | 49.07% |
| Number of Holdings | 93 | 7 | 1226 | 55.56% |
| Net Assets in Top 10 | 133 M | 53.8 K | 3.02 B | 53.15% |
| Weighting of Top 10 | 19.79% | 7.5% | 100.0% | 64.94% |
Top 10 Holdings
- FICC 2.74%
- SPX Technologies Inc 2.31%
- Texas Roadhouse Inc 2.01%
- Intapp Inc 1.89%
- RBC BEARINGS INC 1.87%
- MACOM Technology Solutions Holdings Inc 1.86%
- Stifel Financial Corp 1.81%
- Appfolio Inc 1.81%
- Novanta Inc 1.76%
- UFP Industries Inc 1.73%
Asset Allocation
| Weighting | Return Low | Return High | GWEZX % Rank | |
|---|---|---|---|---|
| Stocks | 97.28% | 92.05% | 107.62% | 65.19% |
| Other | 2.77% | -0.26% | 6.70% | 4.63% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 55.93% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 51.85% |
| Cash | 0.00% | 0.00% | 28.78% | 96.85% |
| Bonds | 0.00% | 0.00% | 2.40% | 51.30% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GWEZX % Rank | |
|---|---|---|---|---|
| Healthcare | 20.71% | 0.00% | 47.90% | 64.44% |
| Financial Services | 16.74% | 0.00% | 42.95% | 9.26% |
| Industrials | 13.85% | 0.00% | 36.64% | 78.89% |
| Technology | 12.15% | 2.91% | 75.51% | 95.00% |
| Consumer Cyclical | 11.91% | 0.00% | 24.04% | 55.74% |
| Basic Materials | 6.01% | 0.00% | 9.24% | 5.00% |
| Energy | 5.63% | 0.00% | 55.49% | 13.33% |
| Consumer Defense | 5.42% | 0.00% | 13.56% | 21.11% |
| Real Estate | 4.81% | 0.00% | 15.31% | 20.56% |
| Utilities | 2.76% | 0.00% | 5.57% | 3.89% |
| Communication Services | 0.00% | 0.00% | 15.31% | 91.48% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GWEZX % Rank | |
|---|---|---|---|---|
| US | 97.28% | 17.30% | 107.62% | 57.78% |
| Non US | 0.00% | 0.00% | 77.12% | 60.74% |
GWEZX - Expenses
Operational Fees
| GWEZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.91% | 0.05% | 23.20% | 81.08% |
| Management Fee | 0.70% | 0.05% | 1.62% | 28.01% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.01% | 0.40% | 74.87% |
Sales Fees
| GWEZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GWEZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GWEZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 33.00% | 3.00% | 264.00% | 24.95% |
GWEZX - Distributions
Dividend Yield Analysis
| GWEZX | Category Low | Category High | GWEZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.41% | 0.00% | 6.91% | 5.00% |
Dividend Distribution Analysis
| GWEZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| GWEZX | Category Low | Category High | GWEZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.05% | -2.47% | 1.10% | 9.55% |
Capital Gain Distribution Analysis
| GWEZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.150 | OrdinaryDividend |
| Dec 14, 2023 | $0.171 | CapitalGainLongTerm |
| Dec 15, 2022 | $0.259 | OrdinaryDividend |
| Dec 15, 2021 | $3.034 | OrdinaryDividend |
| Dec 16, 2020 | $0.781 | OrdinaryDividend |
| Dec 16, 2019 | $0.076 | OrdinaryDividend |
| Dec 16, 2019 | $1.370 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.097 | CapitalGainShortTerm |
| Dec 27, 2018 | $2.926 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.073 | OrdinaryDividend |
| Dec 27, 2017 | $0.073 | OrdinaryDividend |
| Dec 27, 2017 | $1.485 | CapitalGainLongTerm |
GWEZX - Fund Manager Analysis
Managers
Daniel Miller
Start Date
Tenure
Tenure Rank
Jul 27, 2009
12.85
12.9%
Dan is responsible for overseeing all aspects of our Equity teams, including portfolio management, research, and trading. He also is a member of the firm’s Management, Investment and ESG Committees. Dan brings more than three decades of industry experience to GW&K. Prior to joining the firm, Dan worked with various companies in the Boston area as an Investment and Financial Consultant. Previously he spent 21 years at Putnam Investments in Boston, where he was Chief Investment Officer for the Specialty Growth Group overseeing a team of twenty and up to $100 billion in assets under management. He was a portfolio management team member of several small and mid cap growth funds, and the lead manager for the Putnam New Opportunities Fund since its inception in 1990. Dan was also a member of Putnam’s Management Committee and Partners Group. He began his career as an Analyst at Morgan Stanley. Dan graduated from the University of California, Berkeley and received his MBA from Stanford University Graduate School of Business. He earned the CFA designation and is a member of the CFA Institute and the CFA Society Boston.
Jeffrey Thibault
Start Date
Tenure
Tenure Rank
Jul 27, 2009
12.85
12.9%
Jeff is the Portfolio Manager for our Small Cap Core and Small/Mid Cap Core Strategies. He also directs GW&K’s research effort for small and mid cap stocks and is a member of the firm’s Investment Committee. He started his investment career in 1998 working for BNY Asset Management first as an associate analyst and then as an analyst on their successful Small Cap Growth investment team. Jeff joined GW&K’s Equity team in 2004. He earned a BS from the University of Vermont and an MBA from the University of North Carolina, Chapel Hill. Jeff earned the CFA designation and is a member of the CFA Institute and the CFA Society Boston.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
