GWHYX — AMG GW&K High Yield Bond SMA Shares

GWHYX Fund Overview

GWHYX — AMG GW&K High Yield Bond SMA Shares is a US mutual fund managed by Amg Funds, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Amg Funds
• Category: Intermediate Corporate Bond
• Assets under management: $29.27M
• Ticker: GWHYX
• SEC CIK: 0001089951
• SEC series ID: S000105396
• Share class ID: C000276156

GWHYX Investment Objective and Strategy

AMG GW&K High Yield Bond SMA Shares describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Amg Funds.

Investment objective

The investment objective of AMG GW&K High Yield Bond SMA Shares (the Fund) is to provide total return through income and capital appreciation.

Principal investment strategy

Under normal market conditions, the Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a diversified portfolio of high yield bonds. The Fund considers high yield bonds (commonly known as junk bonds or below investment grade securities) to include any fixed income or debt securities rated below Baa3 by Moodys Investors Service, Inc. (Moodys) or below BBB- by S&P Global Ratings (S&P) or similarly rated by another nationally recognized statistical rating organization (NRSRO), or unrated but determined by GW&K Investment Management, LLC, the subadviser to the Fund (GW&K or the Subadviser), to be of comparable credit quality and creditworthiness. In cases where the credit ratings agencies have assigned different credit ratings to the same security, the Fund will use the median rating when three NRSROs provide ratings (split-to-middle).

When ratings are available from only two NRSROs, the Fund will assign the lower of the two ratings (split-to-low). The Fund may also invest in investment grade securities. The Fund may invest in fixed income securities issued by any of the following: public and private U.S. and non-U.S. companies; the U.S. government and its agencies, such as the Federal Home Loan Bank; and state and local governments issuing taxable municipal securities. The Funds fixed income securities may also include bank loans, preferred securities, privately placed securities and Rule 144A securities (securities that may be sold pursuant to Rule 144A under the Securities Act of 1933). The Fund may invest in exchange-traded funds (ETFs) to gain exposure to certain bond sectors such as bank loans. While the Fund may purchase debt securities of any duration, the Fund typically seeks to maintain an average effective duration that is within +/-20% of the duration of the Bloomberg US Corporate High Yield Index (the Index).

The average effective duration of the Index is approximately 3.02 years as of March 31, 2026. The average effective duration of debt securities in the Funds portfolio may, however, be shorter or longer depending on market conditions. In selecting potential investments for the Fund, GW&K uses top-down research that focuses on managing duration, yield curve, credit quality, volatility and liquidity, as well as bottom-up research that focuses on fundamental analysis, valuation analysis, and technical analysis. GW&K may adjust its assessment of an investment based on a number of considerations. The Fund may use derivatives and similar instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The Funds use of derivatives may involve the purchase and sale of derivative instruments such as futures, options, to-be-announced (TBA) commitments, swaps and other similar instruments and techniques.

Derivatives that provide investment exposure to high yield bonds, or to one or more market risk factors associated with high yield bonds, may be counted toward the Funds 80% investment policy.

GWHYX Holdings

Top 10 holdings of AMG GW&K High Yield Bond SMA Shares by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all GWHYX holdings

GWHYX Portfolio Allocation

Asset-class allocation of AMG GW&K High Yield Bond SMA Shares by percentage of net assets, from the latest SEC N-PORT filing.

GWHYX Costs and Fees

GWHYX costs about $0 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.00%
• Gross expense ratio: 0.23%

GWHYX Cashflows

Over the 12 months to 2026-06, AMG GW&K High Yield Bond SMA Shares had net inflows of $29.33M, from monthly SEC N-PORT filings.

GWHYX Debt Constituents

Largest debt holdings of AMG GW&K High Yield Bond SMA Shares by percentage of net assets, from the latest SEC N-PORT filing.

GWHYX Prospectus and SEC Filings

Official AMG GW&K High Yield Bond SMA Shares filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-06-02
• Portfolio holdings (N-PORT) — filed 2026-08-28

Related Funds

Other Intermediate Corporate Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Corporate Bond Index Fund (VICSX)
• Lord Abbett Short Duration Income Fund (LLDYX)
• Vanguard Intermediate-Term Investment-Grade Fund (VFICX)
• iShares Broad USD High Yield Corporate Bond ETF (USHY)
• Lord Abbett Bond Debenture Fund INC (LBNDX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.