GWSZX Fees and Costs — AMG Montrusco Bolton Large Cap Growth Fund
Data updated: 2026-09-25
The net expense ratio is 0.67%: a 0.47% management fee plus 0.26% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $97K in broker commissions, 0.0473% of average net assets, and portfolio turnover was 97%.
GWSZX Fees and Expenses
Annual operating expenses and sales charges of GWSZX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.73% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.67% |
| 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 |
GWSZX Costs Over Time
On $10,000 invested in GWSZX, assuming 5% a year before costs, total costs come to $451 over 5 years, cutting the return by 0.75% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $247 | $451 |
| Value after costs | $10,425 | $11,329 | $12,312 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
GWSZX 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): 0.0473%
- Total broker commissions: $97K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 97%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $2K (0.001% of average net assets)
GWSZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $21K | 22.37% |
| REDBURN (USA) LLC | $17K | 18.03% |
| INSTINET, LLC | $14K | 14.30% |
| SANFORD C. BERNSTEIN & CO., LLC | $13K | 14.09% |
| Raymond James (USA) Ltd. | $7K | 7.38% |
| GOLDMAN SACHS & CO. LLC | $6K | 6.26% |
| PIPER SANDLER & CO. | $6K | 5.83% |
| Merrill Lynch Pierce Fenner & Smith Inc | $5K | 5.35% |
| EVERCORE GROUP LLC | $5K | 5.22% |
| RBC CAPITAL MARKETS, LLC | $1K | 1.16% |
AMG Montrusco Bolton Large 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 |
|---|---|---|---|
| GWSZX | C000271637 | 0.67% | — |
| MCGIX | Class I | 0.73% | — |
| MCGFX | Class N | 0.90% | — |
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.