MESHX Fees and Costs — AMG GW&K Municipal Enhanced SMA Shares
Data updated: 2026-08-28
The net expense ratio is 0.00% (0.08% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 41%.
MESHX Fees and Expenses
Annual operating expenses and sales charges of MESHX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.08% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.00% |
| 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 |
MESHX Costs Over Time
On $10,000 invested in MESHX, assuming 5% a year before costs, total costs come to $0 over 5 years, cutting the return by 0.00% 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 0.00%) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $0 | $0 |
| Value after costs | $10,500 | $11,576 | $12,763 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
MESHX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $205.8M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
MESHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $23.8M | 14.94% |
| Merrill Lynch Pierce Fenner & Smith Inc | $22.5M | 14.13% |
| BARCLAYS CAPITAL, INC. | $20.1M | 12.62% |
| J.P. Morgan Securities LLC | $19.2M | 12.05% |
| RBC CAPITAL MARKETS, LLC | $16.6M | 10.47% |
| WELLS FARGO SECURITIES, LLC | $15.6M | 9.79% |
| GOLDMAN SACHS & CO. LLC | $13.9M | 8.75% |
| PERSHING LLC | $10.3M | 6.45% |
| Loop Capital Markets LLC | $9.6M | 6.05% |
| Stifel, Nicolaus & Company, Incorporated | $7.5M | 4.74% |
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.