MGFIX Fees and Costs — AMG GW&K ESG Bond Fund, Class N
Data updated: 2026-08-27
The net expense ratio is 0.68%: a 0.23% management fee plus 0.49% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 35%.
MGFIX Fees and Expenses
Annual operating expenses and sales charges of MGFIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.49% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.68% |
| 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 |
MGFIX Costs Over Time
On $10,000 invested in MGFIX, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% 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 0.68%) | $71 | $224 | $389 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
MGFIX 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): $265.5M
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $25.3M
- Net income from securities lending: $91K (0.026% of average net assets)
MGFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $27.2M | 14.62% |
| Merrill Lynch Pierce Fenner & Smith Inc | $26.7M | 14.35% |
| MORGAN STANLEY & CO. LLC | $26.6M | 14.25% |
| BARCLAYS CAPITAL, INC. | $20.4M | 10.93% |
| STONEX FINANCIAL INC. | $18.8M | 10.08% |
| Mizuho Securities USA LLC | $16.5M | 8.84% |
| MARKETAXESS CORPORATION | $14.9M | 7.97% |
| GOLDMAN SACHS & CO. LLC | $12.8M | 6.89% |
| Amherst Pierpont | $12.3M | 6.59% |
| CitiGroup Global Markets Inc. | $10.2M | 5.46% |
AMG GW&K ESG Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MGBIX | Class I | 0.48% | — |
| MGFIX | Class N | 0.68% | — |
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.