GW&K Municipal Bond Fund

For additional information regarding the Fund’s management, investment philosophy, and investment process, please download the product profile.

Objective

The GW&K Municipal Bond Fund’s investment objective is to seek current income exempt from federal income tax, consistent with the preservation of capital.

Fund Focus

Gannett Welsh & Kotler’s (GW&K) active investment approach combines top-down analysis to respond to interest rate changes with bottom-up research focusing on security structure and credit ratings. GW&K uses fundamental research to uncover and exploit inefficiencies in the investment-grade municipal bond market and maintains an overall portfolio credit quality of approximately AA.

Where this mutual fund may fit as part of your asset allocation

The GW&K Municipal Bond Fund may be appropriate for your overall investment allocation if you are:

  • Interested in the income potential of municipal bonds
  • Seeking monthly income exempt from federal income tax
  • Willing to accept short-term volatility of returns

Fund Facts

GW&K Municipal Bond Fund
Investment Style Tax-Exempt Bond
Benchmark(s) Barclays Capital Municipal Bond Index: 10 Year
Subadvisor(s) Gannett Welsh & Kotler, LLC
Net Assets $13,801,962
  Investor Service Institutional
Ticker GWMTX GWMSX GWMIX
Cusip 561709692 561709684 561709676
Inception Date 6/30/2009 6/30/2009 6/30/2009
Minimum Investment
(Initial / Subsequent) 		$2,000 /
$100		 $25,000 /
$100		 $100,000 /
$1,000
Minimum IRA Investment
(Initial / Subsequent) 		$1,000 /
$100		 $10,000 /
$100		 $50,000 /
$1,000
Expense Ratio (Gross / Net) 1.67% / 0.84% 1.42% / 0.59% 1.17% / 0.34%
Maximum Sales Charges N/A N/A N/A
12b-1 fees 0.25% N/A N/A

Learn more about share classes offered by Managers Investment Group.

Disclosure

Investors should carefully consider the Fund's investment objectives, risks, charges, and expenses before investing. For this and other information, please call 800.835.3879 or download a free prospectus. Read it carefully before investing or sending money.

The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields on the Fund are net of expenses. Unlike the Fund, the index listed is unmanaged, is not available for investment, and does not incur expenses.

The annual net expense ratio as of 06/30/09 is shown. The Fund's Investment Manager has contractually agreed, through at least May 1, 2011 to limit Fund operating expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. Please refer to the Fund’s prospectus for additional information on the Fund’s expenses.
Downloadable Documents
Fund Pricing 03/19/10
Investor
NAV: $10.47
NAV $ Change: -$0
NAV % Change: 0.00%
YTD Return (as of 02/28/10)
- at NAV 2.03%
- with Load
Service
NAV: $10.48
NAV $ Change: -$0
NAV % Change: 0.00%
YTD Return (as of 02/28/10)
- at NAV 1.94%
- with Load
Institutional
NAV: $10.52
NAV $ Change: $0.01
NAV % Change: 0.10%
YTD Return (as of 02/28/10)
- at NAV 1.97%
- with Load
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