# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0001193125-23-019859
**Filing Date:** 2023-1
**Character Count:** 3685
**Document Hash:** 906d257aafe2aa88a24b77181f30af93
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-019859.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001193125-23-019859

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**EFFECTIVENESS DATE**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMG FUNDS
- **CENTRAL INDEX KEY:** 0001089951
- **IRS NUMBER:** 061555943
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-84639
- **FILM NUMBER:** 23570714

**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 GW&K Municipal Enhanced Yield Fund (Series ID: S000023781)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | GWMEX         | C000069909 |
| Class N    | GWMNX         | C000078885 |
| Class Z    | GWMZX         | C000180069 |

---

### AMG GW&K Municipal Bond Fund (Series ID: S000025838)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | GWMIX         | C000077267 |
| Class N    | GWMTX         | C000077269 |

---

## Series and Classes Contracts Data

### AMG GW&K Municipal Enhanced Yield Fund (Series ID: S000023781)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000069909 | Class I      | GWMEX           |
| C000078885 | Class N      | GWMNX           |
| C000180069 | Class Z      | GWMZX           |

### AMG GW&K Municipal Bond Fund (Series ID: S000025838)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000077267 | Class I      | GWMIX           |
| C000077269 | Class N      | GWMTX           |

Filed pursuant to Rule 497(e)

File Nos. 333-84639 and 811-09521

**AMG FUNDS** 

**AMG GW&K Municipal Bond Fund** 

**AMG GW&K Municipal Enhanced Yield Fund** 

Supplement dated January 31, 2023 to the Prospectus dated May 1, 2022, as supplemented July 15, 2022 and

December 9, 2022, and the Statement of Additional Information dated May 1, 2022, as supplemented July 15, 2022

The following information supplements and supersedes any information to the contrary relating to AMG GW&K Municipal Bond Fund (the "Municipal Bond Fund") and AMG GW&K Municipal Enhanced Yield Fund (the "Municipal Enhanced Yield Fund" and, together with the Municipal Bond Fund, each a "Fund" and collectively, the "Funds"), each a series of AMG Funds (the "Trust"), contained in the Funds' Prospectus (the "Prospectus") and Statement of Additional Information (the "SAI"), dated and supplemented as noted above.

Effective as of December 31, 2023, Nancy Angell will retire from GW&K Investment Management, LLC, the Funds' subadviser, and no longer serve as a portfolio manager of the Funds. Effective upon Ms. Angell's retirement, John B. Fox, Martin R. Tourigny, Brian T. Moreland and Kara M. South will serve as the portfolio managers jointly and primarily responsible for the day-to-day management of each Fund. Accordingly, as of December 31, 2023, all references to and information relating to Ms. Angell in the Prospectus and SAI are deleted and all references to the portfolio managers of the Funds shall refer to Messrs. Fox, Tourigny, and Moreland and Ms. South.

PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE