SKSEX Fees and Costs — AMG GW&K Small Cap Value Fund, Class N
Data updated: 2026-08-27
The net expense ratio is 1.15%: a 0.70% management fee plus 0.50% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $248K in broker commissions, 0.1185% of average net assets, and portfolio turnover was 36%.
SKSEX Fees and Expenses
Annual operating expenses and sales charges of SKSEX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.15% |
| 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 |
SKSEX Costs Over Time
On $10,000 invested in SKSEX, assuming 5% a year before costs, total costs come to $789 over 5 years, cutting the return by 1.33% 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $12 | $39 | $67 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $133 | $435 | $789 |
| Value after costs | $10,367 | $11,141 | $11,974 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
SKSEX 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): 0.1185%
- Total broker commissions: $248K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $21.8M
- Net income from securities lending: $33K (0.016% of average net assets)
SKSEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $54K | 29.64% |
| Robert W. Baird & Co. Incorporated | $23K | 12.70% |
| OPPENHEIMER & CO. INC. | $20K | 11.23% |
| PERSHING LLC | $17K | 9.53% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $16K | 8.61% |
| STIFEL, NICOLAUS & CO INC | $15K | 8.01% |
| KEYBANC CAPITAL MARKETS, INC. | $10K | 5.69% |
| EVERCORE GROUP LLC | $9K | 5.04% |
| Raymond James & Associates, Inc. | $9K | 4.80% |
| KEEFE, BRUYETTE & WOODS, INC. | $9K | 4.74% |
AMG GW&K Small Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SKSZX | Class Z | 0.90% | — |
| SKSIX | Class I | 0.95% | — |
| SKSEX | Class N | 1.15% | — |
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.