# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0000940400-25-011537
**Filing Date:** 2025-11
**Character Count:** 46642
**Document Hash:** 9252199d6e578f0e8ce8088e797a5c5c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011537.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011537

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMG FUNDS
- **CENTRAL INDEX KEY:** 0001089951

**ORGANIZATION NAME:**
- **EIN:** 061555943
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09521
- **FILM NUMBER:** 251534556

**BUSINESS ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 2032993500

**MAIL ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGERS AMG FUNDS
- **DATE OF NAME CHANGE:** 19990706

## Series and Classes Contracts Data

### AMG Yacktman Global Fund (Series ID: S000056045)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000176471 | Class N      | YFSNX           |
| C000176472 | Class I      | YFSIX           |

## Nport-Ex

AMG Yacktman Global Fund

Schedule of Portfolio Investments *(unaudited)*

September 30, 2025

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 75.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services - 11.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Bolloré SE (France) | 2700000 | &nbsp;&nbsp;$15312064 |
| &nbsp;&nbsp;&nbsp;Fox Corp., Class B (United States) | &nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;4010300 |
| &nbsp;&nbsp;&nbsp;News Corp., Class A (United States) | &nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767750 |
| &nbsp;&nbsp;&nbsp;Reading International, Inc., Class A (United States)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191100 |
| &nbsp;&nbsp;&nbsp;The Walt Disney Co. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;572500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Communication Services |  | &nbsp;&nbsp;&nbsp;20853714 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 13.3%** |  |  |
| &nbsp;&nbsp;&nbsp;America's Car-Mart, Inc. (United States)<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;1752600 |
| &nbsp;&nbsp;&nbsp;Aumovio SE (Germany)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164931 |
| &nbsp;&nbsp;&nbsp;Car Mate Manufacturing Co., Ltd. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;51900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304003 |
| &nbsp;&nbsp;&nbsp;Continental AG (Germany) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529248 |
| &nbsp;&nbsp;&nbsp;Daewon San Up Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1317610 |
| &nbsp;&nbsp;&nbsp;HI-LEX Corp. (Japan)<sup>1</sup> | &nbsp;&nbsp;&nbsp;360000 | &nbsp;&nbsp;&nbsp;&nbsp;6567189 |
| &nbsp;&nbsp;&nbsp;Hyundai Home Shopping Network Corp. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;93236 | &nbsp;&nbsp;&nbsp;&nbsp;3637591 |
| &nbsp;&nbsp;&nbsp;Hyundai Mobis Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;35000 | &nbsp;&nbsp;&nbsp;&nbsp;7446421 |
| &nbsp;&nbsp;&nbsp;Kukbo Design Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;75000 | &nbsp;&nbsp;&nbsp;&nbsp;1122554 |
| &nbsp;&nbsp;&nbsp;Rinnai Corp. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;947333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;&nbsp;23789480 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples - 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Kenvue, Inc. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;14924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242216 |
| &nbsp;&nbsp;&nbsp;KT&G Corp. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;2857746 |
| &nbsp;&nbsp;&nbsp;Naked Wines PLC (United Kingdom)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;771502 |
| &nbsp;&nbsp;&nbsp;PepsiCo, Inc. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491540 |
| &nbsp;&nbsp;&nbsp;The Procter & Gamble Co. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;&nbsp;4900779 |
| &nbsp;&nbsp;&nbsp;**Energy - 13.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Amplify Energy Corp. (United States)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866250 |
| &nbsp;&nbsp;&nbsp;Canadian Natural Resources, Ltd. (Canada)<sup>1</sup> | &nbsp;&nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp;8948800 |
| &nbsp;&nbsp;&nbsp;Mi Chang Oil Industrial Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;17976 | &nbsp;&nbsp;&nbsp;&nbsp;1364487 |
| &nbsp;&nbsp;&nbsp;Total Energy Services, Inc. (Canada) | &nbsp;&nbsp;&nbsp;670000 | &nbsp;&nbsp;&nbsp;&nbsp;6932529 |
| &nbsp;&nbsp;&nbsp;Unit Corp. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp;&nbsp;5097450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Energy |  | &nbsp;&nbsp;&nbsp;23209516 |
| &nbsp;&nbsp;&nbsp;**Financials - 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;The Charles Schwab Corp. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763760 |
| &nbsp;&nbsp;&nbsp;**Health Care - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;BML, Inc. (Japan) | &nbsp;&nbsp;&nbsp;120000 | &nbsp;&nbsp;&nbsp;&nbsp;2999243 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741680 |
| &nbsp;&nbsp;&nbsp;Medipal Holdings Corp. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;1204374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;&nbsp;&nbsp;4945297 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Industrials - 21.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Ajis Co., Ltd. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;$1209453 |
| &nbsp;&nbsp;&nbsp;Brenntag SE (Germany) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp;&nbsp;&nbsp;898839 |
| &nbsp;&nbsp;&nbsp;CB Industrial Product Holding Bhd (Malaysia) | 10384000 | &nbsp;&nbsp;&nbsp;&nbsp;3158256 |
| &nbsp;&nbsp;&nbsp;Cie de L'Odet SE (France) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;7218381 |
| &nbsp;&nbsp;&nbsp;Geumhwa PSC Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp;2923530 |
| &nbsp;&nbsp;&nbsp;KFC, Ltd. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;90000 | &nbsp;&nbsp;&nbsp;&nbsp;1036264 |
| &nbsp;&nbsp;&nbsp;Komelon Corp. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;120000 | &nbsp;&nbsp;&nbsp;&nbsp;933380 |
| &nbsp;&nbsp;&nbsp;Ocean Wilsons Holdings, Ltd. (Bermuda) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430411 |
| &nbsp;&nbsp;&nbsp;Parker Corp. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;172500 | &nbsp;&nbsp;&nbsp;&nbsp;1320783 |
| &nbsp;&nbsp;&nbsp;Sam Yung Trading Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp;1937208 |
| &nbsp;&nbsp;&nbsp;Samsung C&T Corp. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;6584357 |
| &nbsp;&nbsp;&nbsp;Sekisui Jushi Corp. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;2046800 |
| &nbsp;&nbsp;&nbsp;Shinwa Co., Ltd./Nagoya (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;&nbsp;&nbsp;1815486 |
| &nbsp;&nbsp;&nbsp;U-Haul Holding Co. (United States)<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;228280 |
| &nbsp;&nbsp;&nbsp;U-Haul Holding Co., Non-Voting Shares (United States) | &nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;2545000 |
| &nbsp;&nbsp;&nbsp;Yuasa Trading Co., Ltd. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp;4447738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;38734166 |
| &nbsp;&nbsp;&nbsp;**Information Technology - 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;CAC Holdings Corp. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;240000 | &nbsp;&nbsp;&nbsp;&nbsp;3536339 |
| &nbsp;&nbsp;&nbsp;Hochiki Corp. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;45000 | &nbsp;&nbsp;&nbsp;&nbsp;1191935 |
| &nbsp;&nbsp;&nbsp;INFOvine Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782379 |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673335 |
| &nbsp;&nbsp;&nbsp;Tachibana Eletech Co., Ltd. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;28300 | &nbsp;&nbsp;&nbsp;&nbsp;559007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Information Technology |  | &nbsp;&nbsp;&nbsp;6742995 |
| &nbsp;&nbsp;&nbsp;**Materials - 6.4%** |  |  |
| &nbsp;&nbsp;&nbsp;KISCO Holdings Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;1289690 |
| &nbsp;&nbsp;&nbsp;Kohsoku Corp. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;45000 | &nbsp;&nbsp;&nbsp;&nbsp;890984 |
| &nbsp;&nbsp;&nbsp;Nihon Parkerizing Co., Ltd. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;820000 | &nbsp;&nbsp;&nbsp;&nbsp;7583126 |
| &nbsp;&nbsp;&nbsp;The Pack Corp. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;1706594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Materials |  | &nbsp;&nbsp;&nbsp;11470394 |
| **Total Common Stocks<br> (Cost $100,137,356)** |  | &nbsp;&nbsp;&nbsp;135410101 |
| **Preferred Stocks - 19.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Hyundai Motor Co., 6.91% (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;45000 | &nbsp;&nbsp;&nbsp;&nbsp;5232275 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples - 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Amorepacific Corp., 2.83% (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;45000 | &nbsp;&nbsp;&nbsp;&nbsp;1321192 |
| &nbsp;&nbsp;&nbsp;LG H&H Co., Ltd., 3.94% (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;&nbsp;6557606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;&nbsp;7878798 |
| &nbsp;&nbsp;&nbsp;**Industrials - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Sebang Co., Ltd., 3.53% (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp;1025195 |

---

------

AMG Yacktman Global Fund

Schedule of Portfolio Investments *(continued)*

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Information Technology - 11.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Samsung Electronics Co., Ltd., 1.87% (South Korea) | 440000 | &nbsp;&nbsp;$20882846 |
| **Total Preferred Stocks<br> (Cost $31,085,053)** |  | &nbsp;&nbsp;&nbsp;&nbsp;35019114 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount |  |
| **Short-Term Investments - 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Joint Repurchase Agreements - 0.1%<sup>2</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc., dated 09/30/25, due 10/01/25, 4.210% total to be received $37,205 (collateralized by various U.S. Treasuries, 0.000% - 4.000%, 07/15/26 - 08/15/54, totaling $37,945) | $37201 | &nbsp;&nbsp;&nbsp;37201 |
| &nbsp;&nbsp;&nbsp;JPMorgan Securities LLC, dated 09/30/25, due 10/01/25, 4.200% total to be received $70,090 (collateralized by various U.S. Treasuries, 4.125% - 4.500%, 12/31/31 - 05/31/32, totaling $71,484) | &nbsp;&nbsp;70082 | &nbsp;&nbsp;&nbsp;70082 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc., dated 09/30/25, due 10/01/25, 4.190% total to be received $96,905 (collateralized by various U.S. Treasuries, 0.000% - 6.625%, 11/18/25 - 08/15/55, totaling $98,832) | &nbsp;&nbsp;96894 | &nbsp;&nbsp;96894 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc., dated 09/30/25, due 10/01/25, 4.190% total to be received $31,190 (collateralized by various U.S. Treasuries, 0.000% - 4.750%, 10/23/25 - 08/15/55, totaling $31,810) | $31186 | &nbsp;&nbsp;&nbsp;$31186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Joint Repurchase Agreements |  | &nbsp;&nbsp;235363 |

---

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| &nbsp;&nbsp;&nbsp;**Other Investment Companies - 4.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.09%<sup>3</sup> | 7989902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7989902 |
| **Total Short-Term Investments<br> (Cost $8,225,265)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8225265 |
| **Total Investments - 99.7%<br> (Cost $139,447,674)** |  | &nbsp;&nbsp;&nbsp;&nbsp; 178654480 |
| **Other Assets, less Liabilities - 0.3%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585475 |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$179239955** |

---

------

<sup>\*</sup> Non-income producing security.

<sup>1</sup> Some of these securities, amounting to $10,822,207 or 6.0% of net assets, were out on loan to various borrowers and are collateralized by cash and various U.S. Treasury Obligations. See below for more information.

<sup>2</sup> Cash collateral received for securities lending activity was invested in these joint repurchase agreements.

<sup>3</sup> Yield shown represents the September 30, 2025, seven day average yield, which refers to the sum of the previous seven days' dividends paid, expressed as an annual percentage.

------

AMG Yacktman Global Fund

Schedule of Portfolio Investments *(continued)*

The following table summarizes the inputs used to value the Fund's investments by the fair value hierarchy levels as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2<sup>1</sup>** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** |
| &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp; $9508608 | &nbsp;&nbsp;&nbsp; $29225558 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; $38734166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | &nbsp;&nbsp;&nbsp;&nbsp; 3040085 | &nbsp;&nbsp;&nbsp;&nbsp; 20749395 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23789480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp; 23209516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23209516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | &nbsp;&nbsp;&nbsp;&nbsp; 5541650 | &nbsp;&nbsp;&nbsp;&nbsp; 15312064 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20853714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp; 1289690 | &nbsp;&nbsp;&nbsp;&nbsp; 10180704 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11470394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673335 | &nbsp;&nbsp;&nbsp;&nbsp; 6069660 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6742995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 741680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4203617 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4945297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | &nbsp;&nbsp;&nbsp;&nbsp; 2043033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2857746 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763760 |
| &nbsp;&nbsp;&nbsp;**Preferred Stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20882846 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20882846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7878798 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7878798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5232275 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5232275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1025195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1025195 |
| &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joint Repurchase Agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235363 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 7989902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7989902 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;$55826454 | &nbsp;&nbsp;$122828026 | &nbsp;&nbsp;— | &nbsp;&nbsp;$178654480 |

---

<br> <sup>1</sup> An external pricing service is used to reflect any impact on security value due to market movements between the time the Fund valued such foreign securities and the earlier closing of foreign markets.

For the period ended September 30, 2025, there were no transfers in or out of Level 3.

The country allocation in the Schedule of Portfolio Investments at September 30, 2025, was as follows:

---

| | |
|:---|:---|
| **Country** | &nbsp;&nbsp;**% of Long-Term<br> Investments** |
| Bermuda | &nbsp;&nbsp;&nbsp;&nbsp;0.3 |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;9.3 |
| France | &nbsp;&nbsp;&nbsp;&nbsp;13.2 |
| Germany | &nbsp;&nbsp;&nbsp;&nbsp;0.9 |
| Japan | &nbsp;&nbsp;&nbsp;&nbsp;23.1 |
| Malaysia | &nbsp;&nbsp;&nbsp;&nbsp;1.9 |
| South Korea | &nbsp;&nbsp;&nbsp;39.4 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| United States | &nbsp;&nbsp;&nbsp;&nbsp;11.4 |
|  | &nbsp;&nbsp;100.0 |

---

------

AMG Yacktman Global Fund

Schedule of Portfolio Investments *(continued)*

The Fund participates in the securities lending program offered by The Bank of New York Mellon providing for the lending of securities to qualified brokers. The value of securities loaned on positions held, cash collateral and securities collateral received at September 30, 2025, were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Securities<br> Loaned** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cash<br> Collateral<br> Received** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Securities<br> Collateral<br> Received** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total<br> Collateral<br> Received** |
| $10822207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $235363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $11371361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $11606724 |

---

The following table summarizes the securities received as collateral for securities lending at September 30, 2025:

---

| | | |
|:---|:---|:---|
| **Collateral<br> Type** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Coupon<br> Range** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Maturity<br> Date Range** |
| U.S. Treasury Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%-4.875% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10/15/25-05/15/55 |

---

For additional information about significant accounting policies, including valuation of investments, refer to the Fund's most recent semi or annual report.

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AMG Funds

- **b. Investment Company Act file number:** 811-09521

- **c. CIK number of Registrant:** 0001089951

- **d. LEI of Registrant:** 54930020IDQ6ZIPGNH13

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 680 Washington Blvd.

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

  - **Telephone number:** 800-548-4539

**Item A.2. Information about the Series.**

- **a. Name of Series:** AMG Yacktman Global Fund

- **b. EDGAR series identifier (if any):** S000056045

- **c. LEI of Series:** 549300MD0SZTCPTZTF67

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $179613404.92

**Total Liabilities:** $378057.81

**Net Assets:** $179235347.11

**Cash Not Reported:** $114763.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000176472 | 1.40%                | 2.99%                | 1.34%                |
| Class ID C000176471 | 1.40%                | 2.94%                | 1.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1921577.49              | $576556.29                                 |
| Month 2  | $1442404.85              | $3623202.22                                |
| Month 3  | $123373.60               | $1450592.44                                |

### Schedule of Portfolio Investments

| Name                                                    | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Continental AG                                          | Continental AG                                          | CUSIP: 000000000<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |      8000 | NS      | $529248.00    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Ocean Wilsons Holdings Ltd                              | Ocean Wilsons Holdings Ltd                              | CUSIP: 000000000<br>LEI: 213800U1K395G8PK4I21 | Long             | EC               | CORP              | BM        |     28073 | NS      | $430411.31    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Naked Wines PLC                                         | Naked Wines PLC                                         | CUSIP: 000000000<br>LEI: 213800IYPFIRRQQE9R62 | Long             | EC               | CORP              | GB        |    745000 | NS      | $771501.88    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sebang Co Ltd                                           | Sebang Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | KR        |    160000 | NS      | $1025195.11   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui Jushi Corp                                      | Sekisui Jushi Corp                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    140000 | NS      | $2046799.86   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| RBC DOMINION SECURITIES INC.                            | RBC DOMINION SECURITIES INC                             | CUSIP: 000000000<br>LEI: 549300QJJX6CVVUXLE15 | Long             | RA               | CORP              | US        |     31186 | PA      | $31186.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mi Chang Oil Industrial Co Ltd                          | Mi Chang Oil Industrial Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     17976 | NS      | $1364487.37   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                 | Charles Schwab Corp/The                                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      8000 | NS      | $763760.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplify Energy Corp                                     | Amplify Energy Corp                                     | CUSIP: 03212B103<br>LEI: J0TW5YQRAZXYN7VEU787 | Long             | EC               | CORP              | US        |    165000 | NS      | $866250.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                              | Kenvue Inc                                              | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     14924 | NS      | $242216.52    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Aumovio SE                                              | Aumovio SE                                              | CUSIP: 000000000<br>LEI: 391200IGI9RQ7VTOK384 | Long             | EC               | CORP              | DE        |      4000 | NS      | $164930.54    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Mobis Co Ltd                                    | Hyundai Mobis Co Ltd                                    | CUSIP: 000000000<br>LEI: 988400HJA9E0ZVDHRS65 | Long             | EC               | CORP              | KR        |     35000 | NS      | $7446420.72   | 4.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Reading International Inc                               | Reading International Inc                               | CUSIP: 755408101<br>LEI: 549300OHQRI7MW2NQU72 | Long             | EC               | CORP              | US        |    130000 | NS      | $191100.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                              | HSBC SECURITIES (USA) INC                               | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Long             | RA               | CORP              | US        |     37201 | PA      | $37201.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co                                        | Hyundai Motor Co                                        | CUSIP: 000000000<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EP               | CORP              | KR        |     45000 | NS      | $5232274.39   | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| CAC Holdings Corp                                       | CAC Holdings Corp                                       | CUSIP: 000000000<br>LEI: 353800K7UC1FZFVGUH40 | Long             | EC               | CORP              | JP        |    240000 | NS      | $3536338.82   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| INFOvine Co Ltd                                         | INFOvine Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     17025 | NS      | $782379.52    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                              | JP MORGAN SECURITIES LLC                                | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |     70082 | PA      | $70082.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| KISCO Holdings Co Ltd                                   | KISCO Holdings Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     70000 | NS      | $1289690.32   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                      | Walt Disney Co/The                                      | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      5000 | NS      | $572500.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sam Yung Trading Co Ltd                                 | Sam Yung Trading Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    180000 | NS      | $1937208.22   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de L'Odet SE                                        | Cie de L'Odet SE                                        | CUSIP: 000000000<br>LEI: 9695005PEG4IL375U849 | Long             | EC               | CORP              | FR        |      4500 | NS      | $7218380.84   | 4.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kohsoku Corp                                            | Kohsoku Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     45000 | NS      | $890983.51    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Tachibana Eletech Co Ltd                                | Tachibana Eletech Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28300 | NS      | $559007.12    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Institutional Preferred Government Money Market | Dreyfus Institutional Preferred Government Money Market | CUSIP: 26200X100<br>LEI: 5493001BRBYRXP4A4K56 | Long             | STIV             | RF                | US        |   7989902 | NS      | $7989902.38   | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CB Industrial Product Holding                           | CB Industrial Product Holding Bhd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |  10384000 | NS      | $3158255.91   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker Corp                                             | Parker Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    172500 | NS      | $1320783.33   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Amorepacific Corp                                       | Amorepacific Corp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | KR        |     45000 | NS      | $1321191.72   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Pack Corp/The                                           | Pack Corp/The                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    210000 | NS      | $1706594.24   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                                 | Procter & Gamble Co/The                                 | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      3500 | NS      | $537775.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Kukbo Design Co Ltd                                     | Kukbo Design Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     75000 | NS      | $1122554.43   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Car Mate Manufacturing Co Ltd                           | Car Mate Manufacturing Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     51900 | NS      | $304002.53    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| America's Car-Mart Inc/TX                               | America's Car-Mart Inc/TX                               | CUSIP: 03062T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $1752600.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Canadian Natural Resources Ltd                          | Canadian Natural Resources Ltd                          | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    280000 | NS      | $8948800.00   | 4.99%             |  |  |  | No            |                  1 | On Loan: —       |
| KFC Ltd                                                 | KFC Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     90000 | NS      | $1036263.95   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Unit Corp                                               | Unit Corp                                               | CUSIP: 909218406<br>LEI: 549300XGK22FZCTN8B67 | Long             | EC               | CORP              | US        |    170000 | NS      | $5097450.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                             | PepsiCo Inc                                             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      3500 | NS      | $491540.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                       | Johnson & Johnson                                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4000 | NS      | $741680.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Hochiki Corp                                            | Hochiki Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     45000 | NS      | $1191934.87   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| KT&G Corp                                               | KT&G Corp                                               | CUSIP: 000000000<br>LEI: 988400ZJV6ISYBLQX875 | Long             | EC               | CORP              | KR        |     30000 | NS      | $2857745.56   | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Geumhwa PSC Co Ltd                                      | Geumhwa PSC Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    130000 | NS      | $2923530.08   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Yuasa Trading Co Ltd                                    | Yuasa Trading Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    130000 | NS      | $4447737.92   | 2.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Bollore SE                                              | Bollore SE                                              | CUSIP: 000000000<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |   2700000 | NS      | $15312063.53  | 8.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Brenntag SE                                             | Brenntag SE                                             | CUSIP: 000000000<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |     15000 | NS      | $898839.24    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Ajis Co Ltd                                             | Ajis Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     60000 | NS      | $1209453.29   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                          | Microsoft Corp                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1300 | NS      | $673335.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Rinnai Corp                                             | Rinnai Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40000 | NS      | $947333.36    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Nihon Parkerizing Co Ltd                                | Nihon Parkerizing Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    820000 | NS      | $7583126.01   | 4.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Komelon Corp                                            | Komelon Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    120000 | NS      | $933379.68    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| HI-LEX CORP                                             | HI-LEX CORP                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    360000 | NS      | $6567189.35   | 3.66%             |  |  |  | No            |                  2 | On Loan: —       |
| Fox Corp                                                | Fox Corp                                                | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     70000 | NS      | $4010300.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co                                       | U-Haul Holding Co                                       | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |      4000 | NS      | $228280.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| BML Inc                                                 | BML Inc                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    120000 | NS      | $2999242.93   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Daewon San Up Co Ltd                                    | Daewon San Up Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    160000 | NS      | $1317610.15   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung C&T Corp                                        | Samsung C&T Corp                                        | CUSIP: 000000000<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |     50000 | NS      | $6584356.56   | 3.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                              | Samsung Electronics Co Ltd                              | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |    440000 | NS      | $20882846.33  | 11.65%            |  |  |  | No            |                  2 | On Loan: No      |
| Total Energy Services Inc                               | Total Energy Services Inc                               | CUSIP: 89154B102<br>LEI: 549300R3W0R3EV800D58 | Long             | EC               | CORP              | CA        |    670000 | NS      | $6932528.56   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| LG H&H Co Ltd                                           | LG H&H Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | KR        |     80000 | NS      | $6557606.30   | 3.66%             |  |  |  | No            |                  2 | On Loan: No      |
| News Corp                                               | News Corp                                               | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     25000 | NS      | $767750.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST MARKETS SECURITIES INC.                         | NATWEST MARKETS SECURITIES INC                          | CUSIP: 000000000<br>LEI: ZE2ZWJ5BTIQJ8M0C6K34 | Long             | RA               | CORP              | US        |     96894 | PA      | $96894.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Home Shopping Network                           | Hyundai Home Shopping Network Corp                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     93236 | NS      | $3637590.60   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinwa Co Ltd/Nagoya                                    | Shinwa Co Ltd/Nagoya                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     80000 | NS      | $1815486.12   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Medipal Holdings Corp                                   | Medipal Holdings Corp                                   | CUSIP: 000000000<br>LEI: 353800PJDODZEA4NP730 | Long             | EC               | CORP              | JP        |     70000 | NS      | $1204374.28   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| U-Haul Holding Co                                       | U-Haul Holding Co                                       | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     50000 | NS      | $2545000.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer