MFDAX — AMG GW&K Enhanced Core Bond Fund
Data updated: 2024-08-28
MFDAX — AMG GW&K Enhanced Core Bond Fund. Alternative · $27.56M AUM · 0.73% expense ratio · 3.5% 1-yr return. Holdings, fees, performance and SEC filings.
MFDAX Fund Overview
MFDAX — AMG GW&K Enhanced Core Bond Fund is a US mutual fund managed by AMG ETF Trust, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: AMG ETF Trust
- Category: Alternative
- Assets under management: $27.56M
- 1-year return: 3.5%
- Ticker: MFDAX
- SEC CIK: 0000879947
- SEC series ID: S000009899
- Share class ID: C000027393
MFDAX Investment Objective and Strategy
AMG GW&K Enhanced Core Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AMG ETF Trust.
Investment objective
The AMG GW&K Enhanced Core Bond Fund’s (the “Fund”) investment objective is to achieve the highest level of income as is consistent with the preservation of capital.
Principal investment strategy
The Fund seeks to achieve its objective by investing in a diversified portfolio of fixed income securities. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in debt securities of U.S. and foreign issuers. The Fund may invest in debt securities issued by any of the following: public and private U.S. companies; foreign companies; the U.S. government and its agencies, such as the Federal Home Loan Banks; state and local governments issuing taxable municipal securities; and foreign governments, their agencies and instrumentalities, including issuers in emerging markets. The Fund may also invest in asset-backed and mortgage-backed debt securities. Up to 20% of the Funds assets may be invested in below investment grade securities (commonly known as junk bonds or high yield securities) (below Baa3/BBB by Moodys Investors Service, Inc.
(Moodys)/Standard & Poors Ratings Services (S&P) 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). While the Fund may purchase debt securities of any duration, the Fund will primarily invest in debt securities so that the overall duration of the Funds portfolio will remain +/- 20% of the duration of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. As of March 31, 2018, the duration of the benchmark was 6.08 years. The average duration of debt securities in the Funds portfolio may, however, be shorter or longer depending on market conditions. The Fund may invest up to 20% of its net assets in equity securities of any capitalization range, including foreign and domestic common and preferred stocks, as well as warrants and other equity instruments.
MFDAX Holdings
Top 2 holdings of AMG GW&K Enhanced Core Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Institutional Preferred Government Money Market Fund | 99.86% |
| Bethesda Securities, LLC | 0.01% |
MFDAX Portfolio Allocation
Asset-class allocation of AMG GW&K Enhanced Core Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 99.9% |
MFDAX Performance
Total returns for MFDAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.5% |
| 3 years (annualised) | -3.2% |
| 5 years (annualised) | 0.2% |
MFDAX Risk Information
Risk metrics for MFDAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.4%
MFDAX Costs and Fees
MFDAX costs about $73 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.73%
- Gross expense ratio: 1.05%
- Portfolio turnover: 51%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
MFDAX Cashflows
Over the 12 months to 2024-06, AMG GW&K Enhanced Core Bond Fund had net inflows of $4.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$9.62M |
| 2024-05 | −$253.63K |
| 2024-04 | −$672.65K |
| 2024-03 | −$1.92M |
| 2024-02 | $19.84K |
| 2024-01 | $587.05K |
MFDAX Debt Constituents
No individual debt constituents are reported in AMG GW&K Enhanced Core Bond Fund's latest SEC N-PORT filing.
MFDAX Prospectus and SEC Filings
Official AMG GW&K Enhanced Core Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-29
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-04-29
- Portfolio holdings (N-PORT) — filed 2024-08-28
- Portfolio holdings (N-PORT) — filed 2024-05-24
- Portfolio holdings (N-PORT) — filed 2024-02-28
- Annual census (N-CEN) — filed 2024-03-15
- Annual census (N-CEN) — filed 2023-03-16
Related Funds
Other Alternative funds tracked on ABC INVEST:
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.