Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The investment objective of the AMG GW&K Small/Mid 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- and mid-capitalization companies. The Fund primarily invests in common stock and preferred stock of U.S. small- and mid-capitalization companies. Small- and mid-capitalization companies are those with a market capitalization, at the time of purchase, between $250 million and $10 billion or otherwise within the range of capitalizations of companies in the Russell 2500 Index (between $ 150.4 million and $ 18 billion as of April 30 , 2024 , the date of the latest reconstitution of the Index (implemented by the Index June 28 , 2024 )). This capitalization range will change over … 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- and mid-capitalization companies. The Fund primarily invests in common stock and preferred stock of U.S. small- and mid-capitalization companies. Small- and mid-capitalization companies are those with a market capitalization, at the time of purchase, between $250 million and $10 billion or otherwise within the range of capitalizations of companies in the Russell 2500 Index (between $ 150.4 million and $ 18 billion as of April 30 , 2024 , the date of the latest reconstitution of the Index (implemented by the Index June 28 , 2024 )). This capitalization range will change over time. The Fund may continue to hold securities of a portfolio company that subsequently drops below or appreciates above this capitalization threshold. Because of this, the Fund may have less than 80% of its net assets in equity securities of small- and mid-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 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 |
|---|---|---|---|
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC | — | $16.92M | 2.36% |
| COMFORT SYSTEMS USA INC | — | $16.45M | 2.29% |
| API GROUP CORP | — | $16.26M | 2.27% |
| ADV ENERGY INDS | — | $15.35M | 2.14% |
| BURLINGTON STORES INC | — | $13.97M | 1.95% |
| ITT INC | — | $13.53M | 1.89% |
| POWELL INDUSTRIES INC | — | $12.82M | 1.79% |
| RBC BEARINGS INC | — | $12.77M | 1.78% |
| CAVCO INDUSTRIES INC | — | $12.77M | 1.78% |
| INSMED INC | — | $12.40M | 1.73% |
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/Mid Cap Growth Fund · ACWDX, ACWIX, ACWZX | 54% | 0.82% |
| Mercer US Small/Mid Cap Equity Fund · MSCJX, MSCQX, MSCWX, MSCGX | 36% | 0.50% |
| AMG GW&K Small Cap Growth Fund · MCGFX, MCGIX, GWSZX | 33% | 0.67% |
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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