# EDGAR Filing Document

**Accession Number:** 0000912036
**File Stem:** 0001752724-23-067807
**Filing Date:** 2023-3
**Character Count:** 91271
**Document Hash:** 6cc9680ed064396d75d5a0606e3f84b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067807.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067807

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMG Funds IV
- **CENTRAL INDEX KEY:** 0000912036
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08004
- **FILM NUMBER:** 23763968

**BUSINESS ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 203-299-3500

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASTON FUNDS
- **DATE OF NAME CHANGE:** 20061201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABN AMRO FUNDS
- **DATE OF NAME CHANGE:** 20021227

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLEGHANY FUNDS
- **DATE OF NAME CHANGE:** 19980406

## Series and Classes Contracts Data

### AMG Beutel Goodman Core Plus Bond Fund (Series ID: S000033266)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000102286 | CLASS N SHARES | ADBLX           |
| C000102287 | CLASS I SHARES | ADLIX           |
| C000194571 | Class Z Shares | ADZIX           |

## Nport-Ex

AMG Beutel Goodman Core Plus Bond Fund

Schedule of Portfolio Investments *(unaudited)*

January 31, 2023

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| **Corporate Bonds and Notes - 32.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials - 9.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Air Lease Corp.<br> Series C<br> (4.125% to 12/15/26 then U.S. Treasury Yield Curve CMT 5 year + 3.149%), 4.125%, 12/15/26<sup>1,2,3</sup> | $1000000 | &nbsp;&nbsp;&nbsp;$781000 |
| &nbsp;&nbsp;&nbsp;Ally Financial, Inc.<br> Series B<br> (4.700% to 05/15/26 then U.S. Treasury Yield Curve CMT 5 year + 3.868%), 4.700%, 05/15/26<sup>1,2,3</sup> | &nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;822500 |
| &nbsp;&nbsp;&nbsp;Avolon Holdings Funding, Ltd. (Cayman Islands)<br> 3.250%, 02/15/27<sup>4</sup> | &nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;902534 |
| &nbsp;&nbsp;&nbsp;Bank of Montreal (Canada)<br> (3.803% to 12/15/27 then USD Swap 5 year + 1.432%), 3.803%, 12/15/32<sup>1,3</sup> | &nbsp;&nbsp;&nbsp;1285000 | &nbsp;&nbsp;&nbsp;&nbsp;1176437 |
| &nbsp;&nbsp;&nbsp;BOC Aviation USA Corp.<br> 1.625%, 04/29/24<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;477757 |
| &nbsp;&nbsp;&nbsp;Capital One Financial Corp.<br> (2.636% to 03/03/25 then SOFR + 1.290%), 2.636%, 03/03/26<sup>1,3</sup> | &nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;946982 |
| &nbsp;&nbsp;&nbsp;Citigroup, Inc.<br> (5.610% to 09/29/25 then SOFR + 1.546%), 5.610%, 09/29/26<sup>1,3</sup> | &nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;1016055 |
| &nbsp;&nbsp;&nbsp;The Goldman Sachs Group, Inc.<br> (1.948% to 10/21/26 then SOFR + 0.913%), 1.948%, 10/21/27<sup>1,3</sup> | &nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;1342695 |
| &nbsp;&nbsp;&nbsp;HSBC Holdings PLC (United Kingdom)<br> (2.206% to 08/17/28 then SOFR + 1.285%), 2.206%, 08/17/29<sup>1,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424121 |
| &nbsp;&nbsp;&nbsp;Intact Financial Corp. (Canada)<br> 5.459%, 09/22/32<sup>4</sup> | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;2042428 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley<br> (2.484% to 09/16/31 then SOFR + 1.360%), 2.484%, 09/16/36<sup>1,3</sup> | &nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1162747 |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank (Canada)<br> (8.125% to 10/31/27 then U.S. Treasury Yield Curve CMT 5 year + 4.075%), 8.125%, 10/31/82<sup>1,3</sup> | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;2122500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Financials |  | &nbsp;&nbsp;13217756 |
| &nbsp;&nbsp;&nbsp;**Industrials - 16.7%** |  |  |
| &nbsp;&nbsp;&nbsp;American Airlines Inc/AAdvantage Loyalty IP, Ltd.<br> 5.750%, 04/20/29<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;475000 | &nbsp;&nbsp;&nbsp;&nbsp;459431 |
| &nbsp;&nbsp;&nbsp;Burlington Northern Santa Fe LLC<br> 4.450%, 01/15/53 | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;476726 |
| &nbsp;&nbsp;&nbsp;Canadian Natural Resources, Ltd. (Canada)<br> 3.850%, 06/01/27 | &nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;965735 |
| &nbsp;&nbsp;&nbsp;Charter Communications Operating LLC/Charter Communications Operating Capital<br> 5.250%, 04/01/53 | &nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;839786 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;Cheniere Corpus Christi Holdings LLC<br> 5.125%, 06/30/27 | $1000000 | &nbsp;&nbsp;&nbsp;$1007532 |
| &nbsp;&nbsp;&nbsp;Coca-Cola Femsa SAB de CV (Mexico)<br> 2.750%, 01/22/30 | &nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;897740 |
| &nbsp;&nbsp;&nbsp;Delta Air Lines, Inc.<br> 7.000%, 05/01/25<sup>4</sup> | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;2058231 |
| &nbsp;&nbsp;&nbsp;Delta Air Lines, Inc./SkyMiles IP, Ltd.<br> 4.750%, 10/20/28<sup>4</sup> | &nbsp;&nbsp;&nbsp;1410000 | &nbsp;&nbsp;&nbsp;&nbsp;1373779 |
| &nbsp;&nbsp;&nbsp;Digicel Group Holdings, Ltd. (Bermuda)<br> 8.000%, 04/01/25<sup>4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1716 |
| &nbsp;&nbsp;&nbsp;Ford Credit Canada Co. (Canada)<br> 7.000%, 02/10/26<sup>6</sup> | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;1521927 |
| &nbsp;&nbsp;&nbsp;GE HealthCare Technologies, Inc.<br> 6.377%, 11/22/52<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577555 |
| &nbsp;&nbsp;&nbsp;JBS USA LUX, S.A./JBS USA Food Co./JBS USA Finance, Inc.<br> 5.125%, 02/01/28<sup>4</sup> | &nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978223 |
| &nbsp;&nbsp;&nbsp;MEG Energy Corp. (Canada)<br> 7.125%, 02/01/27<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71799 |
| &nbsp;&nbsp;&nbsp;Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets, Ltd.<br> 6.500%, 06/20/27<sup>4</sup> | &nbsp;&nbsp;&nbsp;1912500 | &nbsp;&nbsp;&nbsp;&nbsp;1932218 |
| &nbsp;&nbsp;&nbsp;OAS Finance, Ltd. (Virgin Islands, British) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875%, 03/02/23<sup>1,2,7</sup> | &nbsp;&nbsp;&nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875%, 03/03/23<sup>1,2,4,7</sup> | &nbsp;&nbsp;&nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 |
| &nbsp;&nbsp;&nbsp;Organon & Co/Organon Foreign Debt Co.<br> Issuer, B.V.<br> 4.125%, 04/30/28<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;452225 |
| &nbsp;&nbsp;&nbsp;Paramount Global<br> 4.950%, 01/15/31 | &nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1383288 |
| &nbsp;&nbsp;&nbsp;Penske Truck Leasing Co. LP/PTL Finance Corp.<br> 4.200%, 04/01/27<sup>4</sup> | &nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959941 |
| &nbsp;&nbsp;&nbsp;Pilgrim's Pride Corp.<br> 3.500%, 03/01/32<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611175 |
| &nbsp;&nbsp;&nbsp;Qatar Petroleum (Qatar)<br> 1.375%, 09/12/26<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;449405 |
| &nbsp;&nbsp;&nbsp;Smithfield Foods, Inc.<br> 4.250%, 02/01/27<sup>4</sup> | &nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1404638 |
| &nbsp;&nbsp;&nbsp;TTX Co.<br> 3.600%, 01/15/25<sup>4</sup> | &nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;968506 |
| &nbsp;&nbsp;&nbsp;Verizon Communications, Inc.<br> 4.400%, 11/01/34 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;1923075 |
| &nbsp;&nbsp;&nbsp;Vodafone Group PLC (United Kingdom)<br> (7.000% to 04/04/29 then USD Swap 5 year + 4.873%), 7.000%, 04/04/79<sup>1,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514955 |
| &nbsp;&nbsp;&nbsp;Warnermedia Holdings, Inc.<br> 3.755%, 03/15/27<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;468608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;22300714 |

---

------

AMG Beutel Goodman Core Plus Bond Fund

Schedule of Portfolio Investments *(continued)*

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Utilities - 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Consolidated Edison Co. of New York, Inc.<br> 5.700%, 06/15/40 | $800000 | &nbsp;&nbsp;&nbsp;&nbsp;$836675 |
| &nbsp;&nbsp;&nbsp;Duke Energy Progress LLC<br> 4.150%, 12/01/44 | 1390000 | &nbsp;&nbsp;&nbsp;&nbsp;1235446 |
| &nbsp;&nbsp;&nbsp;The East Ohio Gas Co.<br> 3.000%, 06/15/50<sup>4</sup> | 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;1158923 |
| &nbsp;&nbsp;&nbsp;Florida Power & Light Co.<br> 2.875%, 12/04/51 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1090709 |
| &nbsp;&nbsp;&nbsp;Tampa Electric Co.<br> 3.625%, 06/15/50 | &nbsp;&nbsp;1475000 | &nbsp;&nbsp;&nbsp;&nbsp;1157525 |
| &nbsp;&nbsp;&nbsp;Tucson Electric Power Co.<br> 4.000%, 06/15/50 | 1425000 | &nbsp;&nbsp;&nbsp;&nbsp;1158051 |
| &nbsp;&nbsp;&nbsp;Vistra Operations Co. LLC<br> 4.875%, 05/13/24<sup>4</sup> | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1480410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Utilities |  | &nbsp;&nbsp;&nbsp;&nbsp;8117739 |
| **Total Corporate Bonds and Notes<br> (Cost $49,951,496)** |  | &nbsp;&nbsp;43636209 |
| **Mortgage-Backed Securities - 7.4%** |  |  |
| &nbsp;&nbsp;&nbsp;BANK<br> Series 2017-BNK5,<br> 4.191%, 06/15/60<sup>3</sup> | &nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261133 |
| &nbsp;&nbsp;&nbsp;BX Trust<br> Series 2019-OC11, Class E<br> 3.944%, 12/09/41<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;709000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571029 |
| &nbsp;&nbsp;&nbsp;Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-GC36, Class B<br> 4.747%, 02/10/49<sup>3</sup> | &nbsp;&nbsp;&nbsp;763000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-GC43, Class A2<br> 2.982%, 11/10/52 | &nbsp;&nbsp;&nbsp;514000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492818 |
| &nbsp;&nbsp;&nbsp;Commercial Mortgage Pass Through Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-LC23, Class C<br> 4.565%, 10/10/48<sup>3</sup> | &nbsp;&nbsp;&nbsp;585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-CR28, Class C<br> 4.605%, 02/10/49<sup>3</sup> | &nbsp;&nbsp;&nbsp;726000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665057 |
| &nbsp;&nbsp;&nbsp;CSAIL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-CX10, Class B<br> 3.892%, 11/15/50<sup>3</sup> | &nbsp;&nbsp;&nbsp;506000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-C14, Class C<br> 4.916%, 11/15/51<sup>3</sup> | &nbsp;&nbsp;&nbsp;880000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;753355 |
| &nbsp;&nbsp;&nbsp;DBJPM<br> Series 2016-C1, Class C<br> 3.322%, 05/10/49<sup>3</sup> | &nbsp;&nbsp;&nbsp;534000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450552 |
| &nbsp;&nbsp;&nbsp;GSCG Trust<br> Series 2019-600C, Class D<br> 3.764%, 09/06/34<sup>4</sup> | &nbsp;&nbsp;&nbsp;862000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730094 |
| &nbsp;&nbsp;&nbsp;JPMBB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C23, Class C<br> 4.484%, 09/15/47<sup>3</sup> | &nbsp;&nbsp;&nbsp;330825 | &nbsp;&nbsp;&nbsp;&nbsp;308505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C25, Class C<br> 4.435%, 11/15/47<sup>3</sup> | &nbsp;&nbsp;&nbsp;450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360835 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;JPMBB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-C33, Class C<br> 4.620%, 12/15/48<sup>3</sup> | &nbsp;&nbsp;$670000 | &nbsp;&nbsp;&nbsp;&nbsp;$605239 |
| &nbsp;&nbsp;&nbsp;JPMDB Commercial Mortgage Securities Trust<br> Series 2020-COR7, Class C<br> 3.723%, 05/13/53<sup>3</sup> | &nbsp;&nbsp;&nbsp;496000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377067 |
| &nbsp;&nbsp;&nbsp;UBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-C8, Class C<br> 4.694%, 02/15/51<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;917000 | &nbsp;&nbsp;&nbsp;&nbsp;802563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-C18, Class B<br> 3.681%, 12/15/52<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;717000 | &nbsp;&nbsp;&nbsp;&nbsp;604001 |
| &nbsp;&nbsp;&nbsp;Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-C33, Class C<br> 3.896%, 03/15/59 | &nbsp;&nbsp;&nbsp;&nbsp;517000 | &nbsp;&nbsp;&nbsp;&nbsp;459279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-C49, Class C<br> 4.866%, 03/15/52<sup>3</sup> | &nbsp;&nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;302954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-C50, Class C<br> 4.345%, 05/15/52 | &nbsp;&nbsp;&nbsp;637000 | &nbsp;&nbsp;&nbsp;&nbsp;535084 |
| **Total Mortgage-Backed Securities<br> (Cost $11,376,608)** |  | &nbsp;&nbsp;&nbsp;9953248 |
| **Municipal Bonds - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;California State General Obligation,<br> School Improvements, Build America Bonds<br> 7.550%, 04/01/39 | &nbsp;&nbsp;&nbsp;330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439441 |
| &nbsp;&nbsp;&nbsp;Missouri Highway & Transportation Commission, Build America Bonds<br> 5.063%, 05/01/24 | &nbsp;&nbsp;&nbsp;245000 | &nbsp;&nbsp;&nbsp;&nbsp;246222 |
| **Total Municipal Bonds<br> (Cost $720,190)** |  | &nbsp;&nbsp;&nbsp;&nbsp;685663 |
| **U.S. Government and Agency Obligations -<br> 52.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Fannie Mae - 12.8%** |  |  |
| &nbsp;&nbsp;&nbsp;FNMA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.140%, 10/01/29 | 7000000 | &nbsp;&nbsp;&nbsp;6229955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.260%, 01/01/30 | 3200000 | &nbsp;&nbsp;&nbsp;2840030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/01/45 | &nbsp;&nbsp;&nbsp;653552 | &nbsp;&nbsp;&nbsp;&nbsp;609223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 12/01/31 to 01/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;233284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/01/31 to 06/01/42 | &nbsp;&nbsp;&nbsp;&nbsp;89549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87021 |
| &nbsp;&nbsp;&nbsp;FNMA REMICS, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-156, Class ZC<br> 4.000%, 01/25/41 | &nbsp;&nbsp;&nbsp;&nbsp;427593 | &nbsp;&nbsp;&nbsp;&nbsp;380045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-121, Class JP<br> 4.500%, 12/25/41 | &nbsp;&nbsp;&nbsp;&nbsp;49708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-105, Class Z<br> 3.500%, 10/25/42 | &nbsp;&nbsp;1434965 | &nbsp;&nbsp;&nbsp;&nbsp;1361312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-127, Class PA<br> 2.750%, 11/25/42 | &nbsp;&nbsp;&nbsp;&nbsp;589373 | &nbsp;&nbsp;&nbsp;&nbsp;552385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-20, Class ZT<br> 3.500%, 03/25/42 | &nbsp;&nbsp;2537482 | &nbsp;&nbsp;&nbsp;&nbsp;2401332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-31, Class Z<br> 4.000%, 04/25/42 | &nbsp;&nbsp;&nbsp;&nbsp;802146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;776683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-9, Class HA<br> 3.000%, 01/25/45 | &nbsp;&nbsp;1660126 | &nbsp;&nbsp;&nbsp;&nbsp;1567179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Fannie Mae |  | &nbsp;&nbsp;17086907 |

---

------

AMG Beutel Goodman Core Plus Bond Fund

Schedule of Portfolio Investments *(continued)*

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Freddie Mac - 10.3%** |  |  |
| &nbsp;&nbsp;&nbsp;FHLMC,<br> 3.000%, 04/01/47 | &nbsp;&nbsp;&nbsp;$883163 | &nbsp;&nbsp;&nbsp;&nbsp;$824578 |
| &nbsp;&nbsp;&nbsp;FHLMC Gold, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/01/45 to 08/01/45 | &nbsp;&nbsp;1879668 | &nbsp;&nbsp;&nbsp;&nbsp;1751889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 10/01/42 | &nbsp;&nbsp;&nbsp;&nbsp;214923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/01/41 | &nbsp;&nbsp;&nbsp;&nbsp;17854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7805 |
| &nbsp;&nbsp;&nbsp;FHLMC REMICS, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2909, Class Z<br> 5.000%, 12/15/34 | &nbsp;&nbsp;&nbsp;&nbsp;80406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 3626, Class AZ<br> 5.500%, 08/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;50923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 3792, Class SE<br> (9.860 minus 2 times 1 month LIBOR, Floor 0.000%), 0.942%, 01/15/41<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;18652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 3872, Class BA<br> 4.000%, 06/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;12909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 3894, Class ZA<br> 4.500%, 07/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;23632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 3957, Class HZ<br> 4.000%, 11/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;328158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 4016, Class KZ<br> 4.000%, 03/15/42 | &nbsp;&nbsp;2573387 | &nbsp;&nbsp;&nbsp;&nbsp;2516197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 4316, Class BZ<br> 3.000%, 03/15/44 | 3909000 | &nbsp;&nbsp;&nbsp;&nbsp;3543108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 4750, Class PA<br> 3.000%, 07/15/46 | &nbsp;&nbsp;&nbsp;&nbsp;622315 | &nbsp;&nbsp;&nbsp;&nbsp;594033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 4934, Class P<br> 2.500%, 11/15/40 | &nbsp;&nbsp;4123544 | &nbsp;&nbsp;&nbsp;&nbsp;3771614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Freddie Mac |  | &nbsp;&nbsp;13733378 |
| &nbsp;&nbsp;&nbsp;**Ginnie Mae - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;GNMA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2004-35, Class SA<br> (32.500% minus 6.5 times 1 month LIBOR, Cap 32.500%, Floor 0.000%), 3.343%, 03/20/34<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-32, Class ZE<br> 4.500%, 05/16/39 | &nbsp;&nbsp;&nbsp;&nbsp;93726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-35, Class DZ<br> 4.500%, 05/20/39 | &nbsp;&nbsp;&nbsp;&nbsp;100956 | &nbsp;&nbsp;&nbsp;&nbsp;100403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-75, Class GZ<br> 4.500%, 09/20/39 | &nbsp;&nbsp;&nbsp;&nbsp;98909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Ginnie Mae |  | &nbsp;&nbsp;&nbsp;&nbsp;300279 |
| &nbsp;&nbsp;&nbsp;**U.S. Treasury Obligations - 28.9%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Notes, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 02/15/32 | &nbsp;&nbsp;8177400 | &nbsp;&nbsp;&nbsp;&nbsp;7175349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 02/15/28 to 05/31/29 | 8840000 | &nbsp;&nbsp;&nbsp;8448841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 11/30/27 | &nbsp;&nbsp;1760000 | &nbsp;&nbsp;&nbsp;&nbsp;1780075 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Notes, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 11/15/32 | $3505000 | &nbsp;&nbsp;&nbsp;$3687370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 10/31/27 | &nbsp;&nbsp;&nbsp;&nbsp;640000 | &nbsp;&nbsp;&nbsp;&nbsp;653250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 10/31/24 to 11/15/25 | &nbsp;&nbsp;&nbsp;2525000 | &nbsp;&nbsp;&nbsp;&nbsp;2535796 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 02/15/41 to 11/15/51 | &nbsp;&nbsp;10815000 | &nbsp;&nbsp;&nbsp;&nbsp;7973086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 02/15/52 | &nbsp;&nbsp;&nbsp;1345000 | &nbsp;&nbsp;&nbsp;&nbsp;1010536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 02/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.875%, 05/15/52 | &nbsp;&nbsp;&nbsp;1045000 | &nbsp;&nbsp;&nbsp;&nbsp;900496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/15/52 | &nbsp;&nbsp;&nbsp;4228000 | &nbsp;&nbsp;&nbsp;&nbsp;3741119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Treasury Obligations |  | &nbsp;&nbsp;38625914 |
| **Total U.S. Government and Agency Obligations<br> (Cost $74,018,571)** |  | &nbsp;&nbsp;&nbsp;69746478 |
| **Floating Rate Senior Loan Interests - 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials - 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Clean Harbors, Inc. Incremental Term Loan,<br> (1 month LIBOR + 2.000%), 6.570%, 10/08/28<sup>3</sup> | &nbsp;&nbsp;&nbsp;2475000 | &nbsp;&nbsp;&nbsp;&nbsp;2473067 |
| &nbsp;&nbsp;&nbsp;Mileage Plus Holdings LLC, Initial Term Loan,<br> (3 month LIBOR + 5.250%), 10.000%, 06/21/27<sup>3</sup> | &nbsp;&nbsp;&nbsp;2700000 | &nbsp;&nbsp;&nbsp;&nbsp;2813908 |
| **Total Floating Rate Senior Loan Interests<br> (Cost $5,306,869)** |  | &nbsp;&nbsp;&nbsp;&nbsp;5286975 |

---

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Common Stocks - 0.0%<sup>#</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;**Energy - 0.0%<sup>#</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;Foresight Energy, LLC<sup>8</sup> | &nbsp;&nbsp;202 | &nbsp;&nbsp;&nbsp;3627 |
| &nbsp;&nbsp;&nbsp;Tapstone Energy, LLC<sup>8</sup> | 1579 | &nbsp;&nbsp;3584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Energy<br> (Cost $165,688) |  | &nbsp;&nbsp;&nbsp;7211 |
| **Short-Term Investments - 2.6%** |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Commercial Paper - 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Enbridge Pipe, 4.775%, 02/09/23<sup>9</sup> | 2815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2812024 |
| &nbsp;&nbsp;&nbsp;Enbridge Pipe, 4.844%, 02/23/23<sup>9</sup> | &nbsp;&nbsp;635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633127 |
| &nbsp;&nbsp;&nbsp;PSP Capital, 4.542%, 03/15/23<sup>9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Commercial Paper |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3474995 |
| **Total Short-Term Investments<br> (Cost $3,474,995)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3474995 |
| **Total Investments - 99.4%<br> (Cost $145,014,417)** |  | &nbsp;&nbsp;&nbsp;&nbsp; $132790779 |
| **Other Assets, less Liabilities - 0.6%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 804590 |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$133595369** |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;<sup>#</sup> | Less than 0.05%. |
| &nbsp;&nbsp;<sup>1</sup> | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at January 31, 2023. Rate will reset at a future date. |
| &nbsp;&nbsp;<sup>2</sup> | Perpetuity Bond. The date shown represents the next call date. |

---

<sup>3</sup> Variable rate security. The rate shown is based on the latest available information as of January 31, 2023. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

------

AMG Beutel Goodman Core Plus Bond Fund

Schedule of Portfolio Investments *(continued)*

<sup>4</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2023, the value of these securities amounted to $20,131,625 or 15.1% of net assets.

<sup>5</sup> Payment-in-Kind Security: The security may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

<sup>6</sup> Principal amount stated in Canadian Dollars (CAD).

<sup>7</sup> Security is in default. Issuer has failed to make a timely payment of either principal or either interest or has failed to comply with some provision of the bond indenture.

<sup>8</sup> Security's value was determined by using significant unobservable inputs.

<sup>9</sup> Represents yield to maturity at January 31, 2023.

---

| | |
|:---|:---|
| &nbsp;&nbsp;CMT | Constant Maturity Treasury |
| &nbsp;&nbsp;FHLMC | Freddie Mac |
| &nbsp;&nbsp;FNMA | Fannie Mae |
| &nbsp;&nbsp;GNMA | Ginnie Mae |
| &nbsp;&nbsp;LIBOR | London Interbank Offered Rate |
| &nbsp;&nbsp;REMICS | Real Estate Mortgage Investment Conduit |
| &nbsp;&nbsp;SOFR | Secured Overnight Financing Rate |
| &nbsp;&nbsp;USD | United States Dollar |

---

#### Open Forward Currency Exchange Contracts

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency<br> Purchased** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Currency Sold** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration** | &nbsp;&nbsp;&nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> (Depreciation)** |
| U.S. Dollar | &nbsp;&nbsp;&nbsp;&nbsp;1423881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Dollar | &nbsp;&nbsp;&nbsp;&nbsp;1908000 | &nbsp;&nbsp;&nbsp;&nbsp;02/28/23 | &nbsp;&nbsp;&nbsp;&nbsp;CIBC World Markets Corp. | &nbsp;&nbsp;&nbsp;&nbsp; $(10382) |

---

The following table summarizes the inputs used to value the Fund's investments by the fair value hierarchy levels as of January 31, 2023:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &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;**Corporate Bonds and Notes<sup>†</sup>** | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; $43636209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; $43636209 |
| &nbsp;&nbsp;&nbsp;**Mortgage-Backed Securities** | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9953248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9953248 |
| &nbsp;&nbsp;&nbsp;**Municipal Bonds<sup>†</sup>** | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 685663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 685663 |
| &nbsp;&nbsp;&nbsp;**U.S. Government and Agency Obligations<sup>†</sup>** | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 69746478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 69746478 |
| &nbsp;&nbsp;&nbsp;**Floating Rate Senior Loan Interests<sup>†</sup>** | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5286975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5286975 |
| &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;Energy | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; $7211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7211 |
| &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;Commercial Paper | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3474995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3474995 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;— | &nbsp;&nbsp;$132783568 | &nbsp;&nbsp;$7211 | &nbsp;&nbsp;$132790779 |
| &nbsp;&nbsp;&nbsp;**Financial Derivative Instruments - Liabilities** | &nbsp;&nbsp;&nbsp;**Financial Derivative Instruments - Liabilities** | &nbsp;&nbsp;&nbsp;**Financial Derivative Instruments - Liabilities** | &nbsp;&nbsp;&nbsp;**Financial Derivative Instruments - Liabilities** | &nbsp;&nbsp;&nbsp;**Financial Derivative Instruments - Liabilities** |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(10382) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(10382) |
| &nbsp;&nbsp;**Total Financial Derivative Instruments** | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(10382) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(10382) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;<sup>†</sup> | All corporate bonds and notes, municipal bonds, U.S. government agency obligations and floating rate senior loan interests held in the Fund are Level 2 securities. For a detailed breakout of corporate bonds and notes, municipal bonds, U.S. government agency obligations and floating rate senior loan interests by major industry or agency classification, please refer to the Fund's Schedule of Portfolio Investments. |

---

------

AMG Beutel Goodman Core Plus Bond Fund

Schedule of Portfolio Investments *(continued)*

The following table below is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value at January 31, 2023:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;**Common<br> Stock** |
| &nbsp;&nbsp;**Balance as of October 31, 2022** | &nbsp;&nbsp;$7211 |
| &nbsp;&nbsp;Accrued discounts (premiums) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Change in unrealized appreciation/depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Purchases | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Sales | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Transfers in to Level 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Transfers out of Level 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;**Balance as of January 31, 2023** | &nbsp;&nbsp;$7211 |
| &nbsp;&nbsp;Net change in unrealized appreciation/depreciation on investments still held at January 31, 2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

The following table summarizes the quantitative inputs and assumptions used for investments categorized in Level 3 of the fair value hierarchy as of January 31, 2023. The table below is not intended to be all-inclusive, but rather provides information on the significant Level 3 inputs as they relate to the Fund's fair value measurements:

&nbsp;&nbsp;**Quantitative Information about Level 3 Fair Value Measurements**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Fair Value as of<br> January 31, 2023** | &nbsp;&nbsp;**Valuation<br> Technique(s)** | &nbsp;&nbsp;**Unobservable<br> Inputs(s)** | &nbsp;&nbsp;**Range** | &nbsp;&nbsp;**Median** | &nbsp;&nbsp;**Impact to Valuation from<br> an Increase in Input<sup>(a)</sup>** |
| &nbsp;&nbsp;**Common Stock**  | &nbsp;&nbsp;$7211 | &nbsp;&nbsp;Market<br> Approach | &nbsp;&nbsp;EV/Sale Multiple | &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Increase |
| &nbsp;&nbsp;<sup>(a)</sup> Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end. | &nbsp;&nbsp;<sup>(a)</sup> Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end. | &nbsp;&nbsp;<sup>(a)</sup> Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end. | &nbsp;&nbsp;<sup>(a)</sup> Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end. | &nbsp;&nbsp;<sup>(a)</sup> Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end. | &nbsp;&nbsp;<sup>(a)</sup> Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end. | &nbsp;&nbsp;<sup>(a)</sup> Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end. |

---

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 IV

- **b. Investment Company Act file number:** 811-08004

- **c. CIK number of Registrant:** 0000912036

- **d. LEI of Registrant:** 549300GH0NIEG9OLBH26

- **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 Beutel Goodman Core Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000033266

- **c. LEI of Series:** 549300HA8NCDD72FM083

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $133820631.65

**Total Liabilities:** $127006.37

**Net Assets:** $133693625.28

**Cash Not Reported:** $2992.85

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 11.08672000 | **1-Year:** 4356.09113000 | **5-Year:** 24111.05033000 | **10-Year:** 16875.06151000 | **30-Year:** 3524.08076000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 426.27925000 | **5-Year:** 1490.42971000 | **10-Year:** 396.87554000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000102286 | 3.41%                | -0.84%               | 3.79%                |
| Class ID C000102287 | 3.42%                | -0.94%               | 3.81%                |
| Class ID C000194571 | 3.43%                | -0.82%               | 3.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7750179.04             | $12710229.25                               |
| Month 2  | $-1834817.34             | $513386.96                                 |
| Month 3  | $-124394.80              | $4580344.83                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SMITHFIELD FOODS INC                     | Smithfield Foods Inc                                                            | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1404638.31   | 1.05%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae REMICS                                                               | CUSIP: 3136A86S4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1434965 | PA      | $1361311.70   | 1.02%             | 2042-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Gold Pool                                                           | CUSIP: 3128MJWP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    805788 | PA      | $751010.86    | 0.56%             | 2045-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage            | Citigroup Commercial Mortgage Trust 2019-GC43                                   | CUSIP: 17328HBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    514000 | PA      | $492817.85    | 0.37%             | 2052-11-10      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                 | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LBJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $476726.21    | 0.36%             | 2053-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                     | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc                          | CUSIP: 46590XAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1000000 | PA      | $978223.40    | 0.73%             | 2028-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust            | UBS Commercial Mortgage Trust 2019-C18                                          | CUSIP: 90278PBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    717000 | PA      | $604001.09    | 0.45%             | 2052-12-15      | Variable      | 3.68%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                 | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599AX2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $959940.97    | 0.72%             | 2027-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                 | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    475000 | PA      | $459430.53    | 0.34%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                              | CUSIP: 3137FDDJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    622315 | PA      | $594033.34    | 0.44%             | 2046-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                      | Delta Air Lines Inc                                                             | CUSIP: 247361ZX9<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2058230.72   | 1.54%             | 2025-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                    | Toronto-Dominion Bank/The                                                       | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2122500.00   | 1.59%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                                 | CUSIP: 31418DKG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41971 | PA      | $41778.68     | 0.03%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag           | Wells Fargo Commercial Mortgage Trust 2019-C50                                  | CUSIP: 95001XBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    637000 | PA      | $535083.50    | 0.40%             | 2052-05-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                                 | CUSIP: 3140HV4E1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2300000 | PA      | $2046985.14   | 1.53%             | 2029-10-01      | Fixed         | 2.14%                 | No            |                  2 | On Loan: No      |
| COCA-COLA FEMSA SAB CV                   | Coca-Cola Femsa SAB de CV                                                       | CUSIP: 191241AH1<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $897740.00    | 0.67%             | 2030-01-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                                 | CUSIP: 31417CB53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47578 | PA      | $45242.53     | 0.03%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OAS FINANCE LTD                          | OAS Finance Ltd                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    600000 | PA      | $1500.00      | 0.00%             | N/A             | Variable      | 8.88%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                 | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAJ0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $902532.56    | 0.68%             | 2027-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae REMICS                                                               | CUSIP: 3136A9B49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    589373 | PA      | $552385.05    | 0.41%             | 2042-11-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1045000 | PA      | $900496.09    | 0.67%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                 | Duke Energy Progress LLC                                                        | CUSIP: 26442RAD3<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1235445.75   | 0.92%             | 2044-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                              | CUSIP: 3137ACPZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23633 | PA      | $23815.99     | 0.02%             | 2041-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                      | COMM 2015-LC23 Mortgage Trust                                                   | CUSIP: 12636FBP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    585000 | PA      | $533151.68    | 0.40%             | 2048-10-10      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                                 | CUSIP: 3140HXCW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3200000 | PA      | $2840030.27   | 2.12%             | 2030-01-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| BOC AVIATION USA CORP                    | BOC Aviation USA Corp                                                           | CUSIP: 66980P2A6<br>LEI: 254900QKLTY6MF4Y3P65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $477757.35    | 0.36%             | 2024-04-29      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Foresight                                | Foresight                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       202 | NS      | $3627.10      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BANK OF MONTREAL                         | Bank of Montreal                                                                | CUSIP: 06368BGS1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1285000 | PA      | $1176437.65   | 0.88%             | 2032-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu           | JPMDB Commercial Mortgage Securities Trust 2020-COR7                            | CUSIP: 46652JBC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    496000 | PA      | $377067.24    | 0.28%             | 2053-05-13      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                    | BOFA SECURITIES INC                                                             | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |      1049 | PA      | $1049.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                              | CUSIP: 3137B8YJ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3909000 | PA      | $3543107.44   | 2.65%             | 2044-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank                                     | BANK 2017-BNK5                                                                  | CUSIP: 06541WBC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $261132.87    | 0.20%             | 2060-06-15      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                            | State of California                                                             | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $439441.53    | 0.33%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae REMICS                                                               | CUSIP: 3136A4GN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2537482 | PA      | $2401332.03   | 1.80%             | 2042-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A           | Government National Mortgage Association                                        | CUSIP: 38374GPL0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      8457 | PA      | $8190.74      | 0.01%             | 2034-03-20      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 91282CES6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4762890.60   | 3.56%             | 2029-05-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                              | CUSIP: 3137ANAB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2573387 | PA      | $2516196.48   | 1.88%             | 2042-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    640000 | PA      | $653250.00    | 0.49%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust            | UBS Commercial Mortgage Trust 2018-C8                                           | CUSIP: 90276VAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    917000 | PA      | $802563.26    | 0.60%             | 2051-02-15      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                 | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd       | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1912500 | PA      | $1932217.88   | 1.45%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8177400 | PA      | $7175349.09   | 5.37%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| GSCG Trust                               | GSCG Trust 2019-600C                                                            | CUSIP: 36260TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    862000 | PA      | $730094.26    | 0.55%             | 2034-09-06      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                 | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAG8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    500000 | PA      | $468608.50    | 0.35%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                 | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007531.53   | 0.75%             | 2027-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A           | Government National Mortgage Association                                        | CUSIP: 38376CJK6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     98909 | PA      | $98426.50     | 0.07%             | 2039-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                     | Pilgrim's Pride Corp                                                            | CUSIP: 72147KAG3<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    750000 | PA      | $611175.00    | 0.46%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                  | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111FA6<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    800000 | PA      | $836674.87    | 0.63%             | 2040-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg           | DBJPM 16-C1 Mortgage Trust                                                      | CUSIP: 23312LAV0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    534000 | PA      | $450551.82    | 0.34%             | 2049-05-10      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                       | BX Trust 2019-OC11                                                              | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    709000 | PA      | $571029.24    | 0.43%             | 2041-12-09      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| TTX CO                                   | TTX Co                                                                          | CUSIP: 87305QCH2<br>LEI: 549300I8CNSYS1OGX775 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968505.75    | 0.72%             | 2025-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                              | CUSIP: 31395K3S0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     80406 | PA      | $81277.11     | 0.06%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                  | Canadian Natural Resources Ltd                                                  | CUSIP: 136385AX9<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $965734.70    | 0.72%             | 2027-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT CANADA CO                    | Ford Credit Canada Co                                                           | CUSIP: 34527ACL2<br>LEI: 549300BIUBSSCG5CXL88 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1521927.02   | 1.14%             | 2026-02-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4228000 | PA      | $3741119.38   | 2.80%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae REMICS                                                               | CUSIP: 31398S4Q3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    427593 | PA      | $380045.39    | 0.28%             | 2041-01-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2395000 | PA      | $1643942.97   | 1.23%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A           | Government National Mortgage Association                                        | CUSIP: 38374UCH2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     93726 | PA      | $93259.08     | 0.07%             | 2039-05-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                          | MEG Energy Corp                                                                 | CUSIP: 552704AE8<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $71799.00     | 0.05%             | 2027-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae REMICS                                                               | CUSIP: 3136A2YD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     49708 | PA      | $50223.60     | 0.04%             | 2041-12-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                         | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $452225.00    | 0.34%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Pool                                                                | CUSIP: 3132DMBC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    883163 | PA      | $824578.37    | 0.62%             | 2047-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu           | JPMBB Commercial Mortgage Securities Trust 2015-C33                             | CUSIP: 46645JAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    670000 | PA      | $605238.67    | 0.45%             | 2048-12-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                       | Ally Financial Inc                                                              | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $822500.00    | 0.62%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                                 | CUSIP: 3140HV4F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4700000 | PA      | $4182969.64   | 3.13%             | 2029-10-01      | Fixed         | 2.14%                 | No            |                  2 | On Loan: No      |
| TAMPA ELECTRIC CO                        | Tampa Electric Co                                                               | CUSIP: 875127BG6<br>LEI: WS423EPRKJIIJUITXD73 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1157524.94   | 0.87%             | 2050-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 91282CFQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    325000 | PA      | $325126.95    | 0.24%             | 2024-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    890000 | PA      | $719996.10    | 0.54%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu           | JPMBB Commercial Mortgage Securities Trust 2014-C23                             | CUSIP: 46643ABL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    330824 | PA      | $308504.43    | 0.23%             | 2047-09-15      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| EAST OHIO GAS CO/THE                     | East Ohio Gas Co/The                                                            | CUSIP: 27409LAE3<br>LEI: BC95Y6MXLT75BGO7UM71 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1158923.41   | 0.87%             | 2050-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OAS FINANCE LTD                          | OAS Finance Ltd                                                                 | CUSIP: 67104HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    400000 | PA      | $1000.00      | 0.00%             | N/A             | Variable      | 8.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Gold Pool                                                           | CUSIP: 31322YVB4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    214923 | PA      | $200810.47    | 0.15%             | 2042-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HOLDINGS IN                 | Mileage Plus Holdings LLC                                                       | CUSIP: 59921PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2700000 | PA      | $2813907.60   | 2.10%             | 2027-06-20      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus           | CSAIL 2018-C14 Commercial Mortgage Trust                                        | CUSIP: 12596GBF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    880000 | PA      | $753355.33    | 0.56%             | 2051-11-15      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A           | Government National Mortgage Association                                        | CUSIP: 38374TR48<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    100956 | PA      | $100402.87    | 0.08%             | 2039-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae REMICS                                                               | CUSIP: 3136A5JE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    802146 | PA      | $776683.58    | 0.58%             | 2042-04-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                 | Delta Air Lines Inc / SkyMiles IP Ltd                                           | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1410000 | PA      | $1373778.65   | 1.03%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                      | COMM 2016-CR28 Mortgage Trust                                                   | CUSIP: 12593YBM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    726000 | PA      | $665056.95    | 0.50%             | 2049-02-10      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                       | Vodafone Group PLC                                                              | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $514955.00    | 0.39%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TAPSTONE ENERGY COMMON UNITS             | TAPSTONE ENERGY COMMON UNITS                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1579 | NS      | $3584.33      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TUCSON ELECTRIC POWER CO                 | Tucson Electric Power Co                                                        | CUSIP: 898813AR1<br>LEI: YLF139GXSRKPBBTNZL03 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1158050.63   | 0.87%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                         | Paramount Global                                                                | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1383288.20   | 1.03%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu           | JPMBB Commercial Mortgage Securities Trust 2014-C25                             | CUSIP: 46643PBL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $360834.62    | 0.27%             | 2047-11-15      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                 | Florida Power & Light Co                                                        | CUSIP: 341081GE1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1090709.34   | 0.82%             | 2051-12-04      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                                 | CUSIP: 3138WEET2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    653552 | PA      | $609222.84    | 0.46%             | 2045-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                           | Air Lease Corp                                                                  | CUSIP: 00912XBK9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $781000.00    | 0.58%             | N/A             | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                        | Clean Harbors Inc                                                               | CUSIP: 18449EAF7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | LON              | CORP              | US        |   2475000 | PA      | $2473067.03   | 1.85%             | 2028-10-08      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| QATAR ENERGY                             | QatarEnergy                                                                     | CUSIP: 74730DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | QA        |    500000 | PA      | $449405.00    | 0.34%             | 2026-09-12      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8420000 | PA      | $6329142.99   | 4.73%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 9128283W8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3840000 | PA      | $3685949.99   | 2.76%             | 2028-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1345000 | PA      | $1010536.32   | 0.76%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag           | Wells Fargo Commercial Mortgage Trust 2016-C33                                  | CUSIP: 95000LBF9<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |    517000 | PA      | $459279.17    | 0.34%             | 2059-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | CAD/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-10382.35    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                              | CUSIP: 31398W4N1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     50923 | PA      | $52712.15     | 0.04%             | 2036-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HIGHWAY & TRANSPRT           | Missouri Highway & Transportation Commission                                    | CUSIP: 60636WPC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $246221.59    | 0.18%             | 2024-05-01      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                 | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $839786.01    | 0.63%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INTACT FINANCIAL CORP                    | Intact Financial Corp                                                           | CUSIP: 45823TAL0<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2042428.16   | 1.53%             | 2032-09-22      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1910000 | PA      | $1916341.79   | 1.43%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE PIPE (US) 0.000 FEB 09 23       | ENBRIDGE PIPE (US) 0.000 FEB 09 23                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2815000 | PA      | $2812024.14   | 2.10%             | 2023-02-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                   | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAL7<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $577555.18    | 0.43%             | 2052-11-22      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus           | CSAIL 2017-CX10 Commercial Mortgage Trust                                       | CUSIP: 12595JAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    506000 | PA      | $448335.89    | 0.34%             | 2050-11-15      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                              | CUSIP: 3137AHC97<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    328158 | PA      | $321371.15    | 0.24%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                   | Verizon Communications Inc                                                      | CUSIP: 92343VCQ5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1923074.74   | 1.44%             | 2034-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3505000 | PA      | $3687369.53   | 2.76%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                 | Vistra Operations Co LLC                                                        | CUSIP: 92840VAK8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1480410.00   | 1.11%             | 2024-05-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                           | Morgan Stanley                                                                  | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1162747.11   | 0.87%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                   | Digicel Group Holdings Ltd                                                      | CUSIP: 25381YAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      7003 | PA      | $1715.74      | 0.00%             | 2025-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                              | CUSIP: 3137ACJ34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12909 | PA      | $12331.03     | 0.01%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Gold Pool                                                           | CUSIP: 3128MJWU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1073880 | PA      | $1000877.88   | 0.75%             | 2045-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag           | Wells Fargo Commercial Mortgage Trust 2019-C49                                  | CUSIP: 95001WBG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $302953.95    | 0.23%             | 2052-03-15      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                              | CUSIP: 3137FQEA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4123544 | PA      | $3771614.07   | 2.82%             | 2040-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae REMICS                                                               | CUSIP: 3136AMTU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1660126 | PA      | $1567178.98   | 1.17%             | 2045-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Gold Pool                                                           | CUSIP: 3128LXBH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7587 | PA      | $7805.31      | 0.01%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Gold Pool                                                           | CUSIP: 3128S1NH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17854 | PA      | $17162.05     | 0.01%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE PIPE (US) 0.000 FEB 23 23       | ENBRIDGE PIPE (US) 0.000 FEB 23 23                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    635000 | PA      | $633126.99    | 0.47%             | 2023-02-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    290000 | PA      | $294327.35    | 0.22%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                                 | CUSIP: 31418ABT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    109155 | PA      | $108329.19    | 0.08%             | 2032-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                              | CUSIP: 3137A66C1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18652 | PA      | $14673.90     | 0.01%             | 2041-01-15      | Floating      | 0.94%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage            | Citigroup Commercial Mortgage Trust 2016-GC36                                   | CUSIP: 17324TAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    763000 | PA      | $692194.97    | 0.52%             | 2049-02-10      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| PSP CAP INC GLBL ZERO 23                 | PSP CAP INC GLBL ZERO 23                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AL        |     30000 | PA      | $29844.30     | 0.02%             | 2023-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1342694.75   | 1.00%             | 2027-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                        | HSBC Holdings PLC                                                               | CUSIP: 404280CV9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $424121.06    | 0.32%             | 2029-08-17      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                          | United States Treasury Note/Bond                                                | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1760000 | PA      | $1780075.00   | 1.33%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan US Government Money Market Fund | JPMorgan US Government Money Market Fund                                        | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |         1 | NS      | $0.70         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                                 | CUSIP: 31418AAV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    124128 | PA      | $123188.86    | 0.09%             | 2031-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                 | Capital One Financial Corp                                                      | CUSIP: 14040HCM5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $946982.38    | 0.71%             | 2026-03-03      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                            | Citigroup Inc                                                                   | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016054.98   | 0.76%             | 2026-09-29      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-22

**Name of Applicant:** AMG Funds IV

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer