MESHX Performance — AMG GW&K Municipal Enhanced SMA Shares
Data updated: 2026-08-28
MESHX returned +3.68% year to date and +9.37% over one year to Jun 2026. The annualised 3-year return is +4.84%. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $115, against $112 for the category, and to $109 over one year, against $108. Volatility over the past three years was 7.80% a year. In the 12 months to Jun 2026 the fund took in a net $43.1M, and assets reached $259.62M.
MESHX Growth of $100
What $100 invested in AMG GW&K Municipal Enhanced SMA Shares grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | MESHX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $109 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $115 | $112 |
| Since data start (Mar 2023 – Jun 2026) | $120 | $115 |
MESHX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.68% |
| 1 year | +9.37% |
| 3 years (annualised) | +4.84% |
MESHX Annual Returns
Calendar-year total returns of AMG GW&K Municipal Enhanced SMA Shares, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +3.68% |
| 2025 | +2.85% |
| 2024 | +3.15% |
| 2023 (Mar–Dec) | +8.81% |
MESHX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | +1.8% | −2.1% | +1.7% | +0.9% | +1.3% | — | — | — | — | — | — |
| 2025 | +0.1% | +1.1% | −2.0% | −1.4% | −0.9% | +0.6% | −1.3% | +0.8% | +4.2% | +1.6% | +0.3% | −0.2% |
| 2024 | +0.3% | −0.1% | +0.1% | −1.2% | +0.3% | +1.9% | +0.9% | +0.9% | +1.4% | −1.5% | +2.0% | −1.7% |
| 2023 | — | — | +2.7% | +0.6% | −0.9% | +1.5% | +0.7% | −2.0% | −3.8% | −2.4% | +9.1% | +3.6% |
MESHX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 7.80%
- 3-year Sharpe ratio: 0.04 (vs 4.5% risk-free rate)
- Best month: +9.12% (Nov 2023)
- Worst month: −3.82% (Sep 2023)
MESHX Fund Flows
Monthly money in and out of AMG GW&K Municipal Enhanced SMA Shares, from SEC Form N-PORT.
- 12-month net flow: $43.1M
- 12-month gross sales (incl. reinvestments): $97.2M
- Sales ÷ redemptions: 1.80×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $11.3M | $2.8M | $8.5M |
| May 2026 | $10.3M | $4.1M | $6.2M |
| Apr 2026 | $10.7M | $433K | $10.3M |
| Mar 2026 | $9.3M | $1.6M | $7.7M |
| Feb 2026 | $5.4M | $1.9M | $3.5M |
| Jan 2026 | $8.2M | $6.1M | $2.1M |
| Dec 2025 | $12.4M | $18.5M | −$6.1M |
| Nov 2025 | $3.7M | $4.1M | −$465K |
| Oct 2025 | $6.9M | $4.1M | $2.8M |
| Sep 2025 | $6.9M | $3.3M | $3.7M |
| Aug 2025 | $5.4M | $3.1M | $2.4M |
| Jul 2025 | $6.8M | $4.1M | $2.7M |
MESHX Assets Under Management
Net assets of AMG GW&K Municipal Enhanced SMA Shares by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $259.62M |
| 2026-03-31 | $228.23M |
| 2025-12-31 | $218.09M |
| 2025-09-30 | $220.97M |
| 2025-06-30 | $206.89M |
| 2025-03-31 | $194.96M |
| 2024-12-31 | $182.00M |
| 2024-09-30 | $166.30M |
| 2024-06-28 | $143.64M |
| 2024-03-28 | $123.39M |
| 2023-12-29 | $97.77M |
| 2023-09-29 | $52.05M |
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.