GWMEX – AMG GW&K Municipal Enhanced Yield I Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with a high level of current income that is exempt from federal income tax; capital appreciation is also an objective, but is secondary to income. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in U.S. dollar-denominated fixed income securities that are exempt from federal income tax. It may invest up to 35% of its total assets in unrated securities, and may invest up to 50% of its total assets in unrated securities and high yield securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
GWMNX	AMG GW&K Municipal Enhanced Yield Fund Class N	No Load	Open			Jul 27, 2009	$1.33M	0.990%	High	$2,000	−$297,109.19
GWMEX	AMG GW&K Municipal Enhanced Yield Fund Class I	Institutional	Open			Dec 30, 2005	$153.09M	0.640%	Above Average	$100,000	−$4.13M
GWMZX	AMG GW&K Municipal Enhanced Yield Fund Class Z	Institutional	Open			Feb 24, 2017	$187,820.00	0.590%	Average	$5M	$32.20

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