GWETX Fees and Costs — AMG GW&K Small Cap Core Fund, Class N
Data updated: 2026-08-27
The net expense ratio is 1.30%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.35% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $289K in broker commissions, 0.0459% of average net assets, and portfolio turnover was 33%.
GWETX Fees and Expenses
Annual operating expenses and sales charges of GWETX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.30% |
| Fee waiver | — |
| Net expense ratio | 1.30% |
| 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 |
GWETX Costs Over Time
On $10,000 invested in GWETX, assuming 5% a year before costs, total costs come to $836 over 5 years, cutting the return by 1.41% 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 1.30%) | $136 | $424 | $733 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $461 | $836 |
| Value after costs | $10,359 | $11,115 | $11,927 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
GWETX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0459%
- Total broker commissions: $289K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $46.3M
- Net income from securities lending: $66K (0.010% of average net assets)
GWETX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $77K | 31.94% |
| PERSHING LLC | $44K | 18.36% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $39K | 16.30% |
| GOLDMAN SACHS & CO. LLC | $19K | 7.93% |
| JEFFERIES LLC | $13K | 5.29% |
| KEEFE, BRUYETTE & WOODS, INC. | $13K | 5.27% |
| Robert W. Baird & Co. Incorporated | $11K | 4.63% |
| KEYBANC CAPITAL MARKETS, INC. | $10K | 4.13% |
| Needham & Company, LLC | $8K | 3.31% |
| RBC CAPITAL MARKETS, LLC | $7K | 2.82% |
AMG GW&K Small Cap Core Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GWEZX | Class Z | 0.90% | — |
| GWEIX | Class I | 0.95% | — |
| GWETX | Class N | 1.30% | — |
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.