ACWDX Fees and Costs — AMG GW&K Small/Mid Cap Growth Fund, Class N
Data updated: 2026-09-25
The net expense ratio is 1.02%: a 0.62% management fee, a 0.20% 12b-1 fee plus 0.46% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $17K in broker commissions, 0.0444% of average net assets, and portfolio turnover was 33%.
ACWDX Fees and Expenses
Annual operating expenses and sales charges of ACWDX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.26% |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ACWDX Costs Over Time
On $10,000 invested in ACWDX, assuming 5% a year before costs, total costs come to $665 over 5 years, cutting the return by 1.12% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $366 | $665 |
| Value after costs | $10,388 | $11,211 | $12,098 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
ACWDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0444%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $3.1M
- Net income from securities lending: $9K (0.023% of average net assets)
ACWDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $5K | 39.14% |
| RBC CAPITAL MARKETS, LLC | $1K | 10.98% |
| STIFEL, NICOLAUS & CO INC | $1K | 9.96% |
| PERSHING LLC | $1K | 9.52% |
| Raymond James & Associates, Inc. | $800 | 6.04% |
| GOLDMAN SACHS & CO. LLC | $671 | 5.07% |
| Robert W. Baird & Co. Incorporated | $657 | 4.96% |
| Truist Securities, Inc. | $648 | 4.89% |
| Needham & Company, LLC | $647 | 4.88% |
| JEFFERIES LLC | $605 | 4.57% |
AMG GW&K Small/Mid Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ACWZX | Class Z | 0.82% | — |
| ACWIX | Class I | 0.87% | — |
| ACWDX | Class N | 1.02% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.