GW&K Municipal Enhanced Yield Fund

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

Objective

The GW&K Municipal Enhanced Yield Fund's investment objective is to provide investors with a high level of current income that is exempt from federal income tax.

Fund Focus

The GW&K Municipal Enhanced Yield Fund invests at least 80% of its assets in U.S. fixed income securities that are exempt from federal income tax. This policy is fundamental and cannot be changed without shareholder approval. The Fund may invest up to 50% of its assets in unrated securities and high-yield securities. The Fund may invest in bonds of any maturity or duration, and its average weighted maturity and duration will vary from time to time depending on the Subadvisor's views on the direction of interest rates.

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

The GW&K Municipal Enhanced Yield 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 Enhanced Yield Fund
Investment Style Tax-Exempt Fixed Income
Benchmark(s) Barclays Capital U.S. Municipal Bond BAA; Barclays Capital U.S. Municipal Bond
Subadvisor(s) Gannett Welsh & Kotler, LLC
Net Assets $33,136,878
  Investor Service Institutional
Ticker GWMNX GWMRX GWMEX
Cusip 561709627 561709635 561709726
Inception Date 7/27/2009 7/27/2009 12/30/2005
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) 1.73% / 1.21% 1.58% / 1.06% 1.33% / 0.81%
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.

Annual expense ratio as of 05/01/2010. The Investment Manager and GW&K have contractually agreed, through at least May 1, 2011, to waive management fees and/or reimburse Fund expenses in order to limit Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements (exclusive of taxes, interest, shareholder servicing fees, distribution and service (12b-1) fees, brokerage commissions, acquired fund fees and expenses, and extraordinary items) to 0.79% of the Fund’s average daily net assets.
Downloadable Documents
Fund Pricing 09/02/10
Investor
NAV: $9.46
NAV $ Change: -$0
NAV % Change: 0.00%
YTD Return (as of 08/31/10)
- at NAV 10.35%
- with Load
Service
NAV: $9.46
NAV $ Change: -$0
NAV % Change: 0.00%
YTD Return (as of 08/31/10)
- at NAV 10.56%
- with Load
Institutional
NAV: $9.45
NAV $ Change: -$0.01
NAV % Change: -0.11%
YTD Return (as of 08/31/10)
- at NAV 10.53%
- with Load
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