---
ticker: "MUNX"
name: "AMG GW&K Muni Income ETF"
url: "https://etf.net/etf/MUNX"
grade: "C"
score: 54
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "39 of 63"
methodology: "https://etf.net/methodology"
---

# MUNX: AMG GW&K Muni Income ETF

Grade **C**, Score 54 of 100. Rank 39 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 61 | 22 of 63 |
| Mission | 95 | 18 of 59 |
| Risk | 42 | 44 of 63 |
| Tradability | 7 | 63 of 63 |
| Holdings | 36 | 53 of 63 |
| Durability | 23 | 55 of 63 |

## Top holdings

The fund holds 71 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | FICC - Sweep 10/9/2026 3.60% 2026-10-13 | 5.51% |
| 2 | — | Commonwealth Financing Authority 4.00% 2039-06-01 | 3.12% |
| 3 | — | Pennsylvania Economic Development Financing Authority 5.25% 2035-06-30 | 2.70% |
| 4 | — | Aquarion Water Authority 5.00% 2034-08-01 | 2.31% |
| 5 | — | Pennsylvania Economic Development Financing Authority 5.00% 2033-06-30 | 2.27% |
| 6 | — | City of Houston Tx Hotel Occupancy Tax & Special Revenue 5.00% 2038-09-01 | 2.27% |
| 7 | — | New York Transportation Development Corp 6.00% 2055-06-30 | 2.18% |
| 8 | — | North Dakota Housing Finance Agency 4.70% 2045-07-01 | 2.12% |
| 9 | — | Jea Electric System Revenue 4.00% 2037-10-01 | 2.07% |
| 10 | — | Massachusetts Development Finance Agency 5.50% 2044-10-01 | 2.04% |
| 11 | — | New York Transportation Development Corp 4.00% 2034-10-31 | 1.96% |
| 12 | — | Public Finance Authority 5.00% 2041-06-01 | 1.94% |
| 13 | — | Texas Private Activity Bond Surface Transportation Corp 5.00% 2058-06-30 | 1.91% |
| 14 | — | Chicago O'hare International Airport 5.00% 2030-01-01 | 1.89% |
| 15 | — | Southeast Energy Authority A Cooperative District 5.00% 2030-10-01 | 1.87% |
| 16 | — | Southeast Energy Authority A Cooperative District 5.00% 2035-11-01 | 1.85% |
| 17 | — | New York Transportation Development Corp 5.00% 2040-10-01 | 1.85% |
| 18 | — | Chicago Midway International Airport 5.00% 2039-01-01 | 1.80% |
| 19 | — | New York Transportation Development Corp 6.00% 2059-06-30 | 1.76% |
| 20 | — | New Jersey Transportation Trust Fund Authority 4.00% 2042-06-15 | 1.74% |
| 21 | — | Alabama Toll Road Bridge and Tunnel Authority 5.00% 2032-10-01 | 1.68% |
| 22 | — | County of Miami-Dade Seaport Department 4.00% 2045-10-01 | 1.63% |
| 23 | — | Texas Municipal Gas Acquisition & Supply Corp Vi 5.25% 2037-03-01 | 1.50% |
| 24 | — | Virginia Small Business Financing Authority 5.00% 2052-12-31 | 1.47% |
| 25 | — | City of Phoenix Civic Improvement Corp 4.00% 2039-07-01 | 1.42% |
| 26 | — | Commonwealth Financing Authority 5.00% 2034-06-01 | 1.39% |
| 27 | — | South Carolina Public Service Authority 4.00% 2035-12-01 | 1.36% |
| 28 | — | Greater Orlando Aviation Authority 5.50% 2037-11-01 | 1.36% |
| 29 | — | Massachusetts Development Finance Agency 5.25% 2052-07-01 | 1.36% |
| 30 | — | Ohio Housing Finance Agency 4.50% 2044-09-01 | 1.30% |

Source: etf.net, https://etf.net/etf/MUNX. Please cite the page URL.