Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The investment objective of the AMG GW&K Small Cap Core Fund (the Fund) is to provide investors with long-term capital appreciation.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small-capitalization companies. The Fund primarily invests in common stock and preferred stock of U.S. small-capitalization companies. Small-capitalization companies are those with a market capitalization at the time of purchase of less than $5 billion or otherwise within the range of capitalizations of companies in the Russell 2000 Index, the S&P SmallCap 600 Index, or the Dow Jones U.S. Small-Cap Total Stock Market Index. As of April 30 , 2024 , the date of the latest reconstitution of the Russell 2000 Index (implemented by the Index June 28 , 2024 ), the range of market … Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small-capitalization companies. The Fund primarily invests in common stock and preferred stock of U.S. small-capitalization companies. Small-capitalization companies are those with a market capitalization at the time of purchase of less than $5 billion or otherwise within the range of capitalizations of companies in the Russell 2000 Index, the S&P SmallCap 600 Index, or the Dow Jones U.S. Small-Cap Total Stock Market Index. As of April 30 , 2024 , the date of the latest reconstitution of the Russell 2000 Index (implemented by the Index June 28 , 2024 ), the range of market capitalizations of the Russell 2000 Index was $ 150.4 million to $ 7.1 billion. As of February 28 , 2025 , the range of market capitalizations of the S&P SmallCap 600 Index was $ 322.89 million to $ 9.706 billion. As of February 28 , 2025 , the range of market capitalizations of the Dow Jones U.S. Small-Cap Total Stock Market Index was $ 28.42 million to $ 19.371 billion. These capitalization ranges will change over time. The Fund may continue to hold securities of a portfolio company that subsequently appreciates above the small-capitalization threshold. Because of this, the Fund may have less than 80% of its net assets in equity securities of small-capitalization companies at any given time. The Fund invests in an unrestricted opportunity set, pursuing what it believes to be quality companies with either growth- or value-oriented characteristics. GW&K Investment Management, LLC, the subadviser to the Fund (GW&K or the Subadviser), seeks to assemble a portfolio of securities diversified as to companies and industries. The Subadviser generally expects that each economic sector within the Russell 2000 Index will be represented in the Funds portfolio. The Subadviser may consider increasing or reducing the Funds investment in a particular industry in view of the Funds goal of achieving industry diversification.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ADV ENERGY INDS | — | $15.45M | 2.29% |
| STERLING INFRASTRUCTURE INC | — | $14.55M | 2.16% |
| RBC BEARINGS INC | — | $14.46M | 2.15% |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC | — | $13.90M | 2.06% |
| SPX TECHNOLOGIES INC | — | $13.44M | 1.99% |
| ITT INC | — | $12.01M | 1.78% |
| VIAVI SOLUTIONS INC | — | $11.82M | 1.75% |
| SUPERNUS PHARMACEUTICALS INC | — | $11.74M | 1.74% |
| SKYLINE CHAMPION CORP | — | $11.02M | 1.64% |
| GLOBUS MEDICAL INC | — | $10.93M | 1.62% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| AMG GW&K Small Cap Growth Fund · MCGFX, MCGIX, GWSZX | 55% | 0.67% |
| AMG GW&K Small Cap Value Fund · SKSEX, SKSIX, SKSZX | 36% | 0.90% |
| AMG GW&K Small/Mid Cap Growth Fund · ACWDX, ACWIX, ACWZX | 34% | 0.82% |
Advisers
| Firm | Role |
|---|---|
| AMG Funds LLC | Adviser |
| GW&K Investment Management, LLC | Sub-adviser |
Footnotes
- Expense ratio as of April 30, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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