AMG FUNDS III’s AMG GW&K Enhanced Core Bond Fund has a contractual expense cap of 0.43% through at least May 1, 2027. The provision gives investors a stated limit on covered annual expenses, while portfolio manager Mary F. Kane’s September 30 retirement marks a forthcoming management change.

Key Highlights

  • Class N and Class I carry post-waiver annual operating expenses of 0.68% and 0.48%, respectively.
  • Portfolio manager Mary F. Kane will retire from GW&K and leave the fund role effective September 30, 2026.
  • Initial Investment minimums range from $1,000 for Class N retirement accounts to $100,000 for Class I regular accounts.

AMG FUNDS III’s AMG GW&K Enhanced Core Bond Fund will operate under a contractual expense cap of 0.43% of average daily net Assets through at least May 1, 2027. The cap applies after specified fee waivers and reimbursements, while the fund’s annual operating expenses after those adjustments are 0.68% for Class N and 0.48% for Class I.

Expense Cap, Fees and Portfolio Management

The fund, formerly known as AMG GW&K ESG Bond Fund, seeks income and Capital appreciation. Management fees are 0.23% for both share classes, while other expenses are 0.49% for Class N and 0.29% for Class I; neither class charges distribution and service fees. AMG Funds LLC may recover waived or reimbursed amounts for up to 36 months, provided repayment does not push covered expenses above the applicable cap. Portfolio Management is provided by GW&K Investment Management, LLC. Mary F. Kane, CFA, has managed the fund since 2021 but will retire from GW&K and leave the portfolio manager role effective September 30, 2026; Brett Kozlowski, CFA, has served since 2025, and Brian P. McArdle, CFA, since 2026. Class N requires initial investments of $2,000 in regular accounts and $1,000 in individual retirement accounts. Class I minimums are $100,000 and $25,000, respectively, while additional investments for both classes start at $100.