MBGVX Fees and Costs — AMG GW&K Core Bond ESG Fund, Class N
Data updated: 2026-09-25
The net expense ratio is 0.88%: a 0.30% management fee, a 0.25% 12b-1 fee plus 0.46% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 28%.
MBGVX Fees and Expenses
Annual operating expenses and sales charges of MBGVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.88% |
| 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 |
MBGVX Costs Over Time
On $10,000 invested in MBGVX, assuming 5% a year before costs, total costs come to $552 over 5 years, cutting the return by 0.92% 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 0.88%) | $92 | $289 | $501 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $92 | $303 | $552 |
| Value after costs | $10,408 | $11,273 | $12,211 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
MBGVX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $64.1M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $9K (0.008% of average net assets)
MBGVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch Pierce Fenner & Smith Inc | $8.2M | 16.97% |
| MARKETAXESS CORPORATION | $6.7M | 13.89% |
| GOLDMAN SACHS & CO. LLC | $5.9M | 12.15% |
| Amherst Pierpont Securities LLC | $5.8M | 11.91% |
| CitiGroup Global Markets Inc. | $5.2M | 10.76% |
| MORGAN STANLEY & CO. LLC | $5.1M | 10.52% |
| BNP PARIBAS SECURITIES CORP. | $3.9M | 8.02% |
| STONEX FINANCIAL INC. | $3.4M | 7.09% |
| J.P. Morgan Securities LLC | $2.1M | 4.39% |
| JEFFERIES LLC | $2.1M | 4.31% |
AMG GW&K Core Bond ESG Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MBDLX | Class Z | 0.48% | — |
| MBDFX | Class I | 0.56% | — |
| MBGVX | Class N | 0.88% | — |
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.