AMG GW&K Municipal Enhanced Yield Fund Class Z is an open-end mutual fund focused on providing investors with a competitive level of tax-exempt income by investing primarily in municipal bonds. The fund targets enhanced yield opportunities by selecting a portfolio of fixed income securities issued by state and local governments and their agencies, with an emphasis on securities that offer higher yields, such as lower-rated or non-investment grade municipal bonds. This approach seeks to balance risk and reward while maintaining the federal tax-exempt status of most of the interest income for shareholders. Designed to serve investors seeking income diversification and tax efficiency, the fund plays a notable role in portfolios aiming to offset taxable income, particularly for those in higher tax brackets. Managed by GW&K's experienced municipal bond team, the fund differentiates itself through active credit selection and sector allocation, addressing both income objectives and risk considerations commonly associated with municipal bond investing. This makes it especially relevant in the broader landscape of municipal bond funds, where its strategy targets enhanced yields compared to traditional, more conservative municipal bond offerings.
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