# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0000940400-26-022954
**Filing Date:** 2026-6
**Character Count:** 34763
**Document Hash:** 1e5ee27b947fe5b7a0884c7f955805da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022954.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022954

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09521
- **FILM NUMBER:** 261048659

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

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

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

## Series and Classes Contracts Data

### AMG Yacktman Special Opportunities Fund (Series ID: S000045879)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000142968 | Class Z      | YASLX           |
| C000142969 | Class I      | YASSX           |

## Nport-Ex

AMG Yacktman Special Opportunities Fund

Schedule of Portfolio Investments *(unaudited)*

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 90.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services - 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;AlphaPolis Co., Ltd. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;$129883 |
| &nbsp;&nbsp;&nbsp;Reading International, Inc., Class A (United States)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp;214633 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 9.5%** |  |  |
| &nbsp;&nbsp;&nbsp;America's Car-Mart, Inc. (United States)<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;381900 |
| &nbsp;&nbsp;&nbsp;Gold.com, Inc. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;200400 |
| &nbsp;&nbsp;&nbsp;Legacy Housing Corp. (United States)<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;55675 | &nbsp;&nbsp;&nbsp;&nbsp;1137440 |
| &nbsp;&nbsp;&nbsp;Texhong International Group, Ltd. (Hong Kong) | &nbsp;&nbsp;1075000 | &nbsp;&nbsp;&nbsp;&nbsp;800643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;2520383 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples - 8.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Delfi, Ltd. (Singapore) | &nbsp;&nbsp;&nbsp;650000 | &nbsp;&nbsp;&nbsp;&nbsp;479018 |
| &nbsp;&nbsp;&nbsp;Hilton Food Group PLC (United Kingdom) | &nbsp;&nbsp;&nbsp;&nbsp;28000 | &nbsp;&nbsp;&nbsp;&nbsp;189381 |
| &nbsp;&nbsp;&nbsp;Italian Wine Brands S.p.A. (Italy) | &nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;1297796 |
| &nbsp;&nbsp;&nbsp;Naked Wines PLC (United Kingdom)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;199069 |
| &nbsp;&nbsp;&nbsp;NeoPharm Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;102205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;2267469 |
| &nbsp;&nbsp;&nbsp;**Energy - 22.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Amplify Energy Corp. (United States)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;45000 | &nbsp;&nbsp;&nbsp;&nbsp;280800 |
| &nbsp;&nbsp;&nbsp;Arrow Exploration Corp. (Canada)<sup>\*</sup> | 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;1992018 |
| &nbsp;&nbsp;&nbsp;Hemisphere Energy Corp. (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp;&nbsp;342175 |
| &nbsp;&nbsp;&nbsp;Horizon Oil, Ltd. (Australia) | 4750000 | &nbsp;&nbsp;&nbsp;&nbsp;917634 |
| &nbsp;&nbsp;&nbsp;Mi Chang Oil Industrial Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4105 | &nbsp;&nbsp;&nbsp;&nbsp;299369 |
| &nbsp;&nbsp;&nbsp;Pardee Resources Co. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;240000 |
| &nbsp;&nbsp;&nbsp;Total Energy Services, Inc. (Canada) | &nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;1631802 |
| &nbsp;&nbsp;&nbsp;Unit Corp. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;310950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Energy |  | &nbsp;&nbsp;&nbsp;6014748 |
| &nbsp;&nbsp;&nbsp;**Financials - 8.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Omni Bridgeway, Ltd. (Australia)<sup>\*</sup> | 2040000 | &nbsp;&nbsp;&nbsp;2216809 |
| &nbsp;&nbsp;&nbsp;**Health Care - 9.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Ion Beam Applications (Belgium)<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;910634 |
| &nbsp;&nbsp;&nbsp;Koa Shoji Holdings Co., Ltd. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;368283 |
| &nbsp;&nbsp;&nbsp;Medical Facilities Corp. (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;1259004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;&nbsp;2537921 |
| &nbsp;&nbsp;&nbsp;**Industrials - 27.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Boustead Singapore, Ltd. (Singapore) | &nbsp;&nbsp;&nbsp;&nbsp;110000 | &nbsp;&nbsp;&nbsp;&nbsp;159999 |
| &nbsp;&nbsp;&nbsp;BRCK Group PLC (United Kingdom) | &nbsp;&nbsp;1750000 | &nbsp;&nbsp;&nbsp;1189665 |
| &nbsp;&nbsp;&nbsp;Cie de L'Odet SE (France) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;829077 |
| &nbsp;&nbsp;&nbsp;Fila S.p.A. (Italy)<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;1123175 |
| &nbsp;&nbsp;&nbsp;Hargreaves Services PLC (United Kingdom)<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;84395 | &nbsp;&nbsp;&nbsp;&nbsp;826619 |
| &nbsp;&nbsp;&nbsp;Komelon Corp. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;245598 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;Macfarlane Group PLC (United Kingdom) | 1050000 | &nbsp;&nbsp;&nbsp;$924899 |
| &nbsp;&nbsp;&nbsp;Maezawa Industries, Inc. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;&nbsp;275743 |
| &nbsp;&nbsp;&nbsp;Mitani Corp. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;13500 | &nbsp;&nbsp;&nbsp;&nbsp;196657 |
| &nbsp;&nbsp;&nbsp;Sam Yung Trading Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;58588 | &nbsp;&nbsp;&nbsp;&nbsp;724292 |
| &nbsp;&nbsp;&nbsp;U-Haul Holding Co., Non-Voting Shares (United States) | &nbsp;&nbsp;&nbsp;&nbsp;20000 | &nbsp;&nbsp;&nbsp;&nbsp;893400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;&nbsp;7389124 |
| &nbsp;&nbsp;&nbsp;**Information Technology - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Bixolon Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151888 |
| &nbsp;&nbsp;&nbsp;**Materials - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Master Drilling Group, Ltd. (South Africa) | &nbsp;&nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp;170958 |
| &nbsp;&nbsp;&nbsp;Okamoto Industries, Inc. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227361 |
| &nbsp;&nbsp;&nbsp;SK Kaken Co., Ltd. (Japan) | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;128862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Materials |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527181 |
| &nbsp;&nbsp;&nbsp;**Utilities - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Maxim Power Corp. (Canada)<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;50500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157915 |
| **Total Common Stocks<br> (Cost $18,408,625)** |  | &nbsp;&nbsp;23998071 |
| **Preferred Stock - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Samsung Electronics Co., Ltd., 0.93% (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;403618 |
| **Total Preferred Stock<br> (Cost $72,246)** |  | &nbsp;&nbsp;&nbsp;&nbsp;403618 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount |  |
| **Short-Term Investments - 7.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Joint Repurchase Agreements - 0.2%<sup>2</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC, dated 03/31/26, due 04/01/26, 3.730% total to be received $39,004 (collateralized by various U.S. Treasuries, 0.000% - 5.375%, 04/15/26 - 02/15/56, totaling $39,784) | $39000 | &nbsp;&nbsp;39000 |
| &nbsp;&nbsp;&nbsp;National Bank Financial, Inc., dated 03/31/26, due 04/01/26, 3.710% total to be received $3,406 (collateralized by various U.S. Treasuries, 0.000% - 4.625%, 04/01/26, totaling $3,474) | &nbsp;&nbsp;&nbsp;&nbsp;3406 | &nbsp;&nbsp;&nbsp;&nbsp;3406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Joint Repurchase Agreements |  | &nbsp;&nbsp;42406 |

---

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| &nbsp;&nbsp;&nbsp;**Other Investment Companies - 7.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.60%<sup>3</sup> | 1967585 | &nbsp;&nbsp;&nbsp;1967585 |
| **Total Short-Term Investments<br> (Cost $2,009,991)** |  | &nbsp;&nbsp;&nbsp;2009991 |
| **Total Investments - 99.7%<br> (Cost $20,490,862)** |  | &nbsp;&nbsp; 26411680 |

---

------

AMG Yacktman Special Opportunities Fund

Schedule of Portfolio Investments *(continued)*

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;Value |
| **Other Assets, less Liabilities - 0.3%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $70312 |
| **Net Assets - 100.0%** | &nbsp;&nbsp;**$26481992** |

---

------

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

<sup>1</sup> Some of these securities, amounting to $2,244,804 or 8.5% of net assets, were out on loan to various borrowers and are collateralized by cash and various U.S. Treasury Obligations. See below for more information.

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

<sup>3</sup> Yield shown represents the March 31, 2026, seven day average yield, which refers to the sum of the previous seven days' dividends paid, expressed as an annual percentage.

The following table summarizes the inputs used to value the Fund's investments by the fair value hierarchy levels as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2<sup>1</sup>** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** |
| &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp; $1720019 | &nbsp;&nbsp; $5669105 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; $7389124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp; 6014748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6014748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | &nbsp;&nbsp;&nbsp;&nbsp; 1259004 | &nbsp;&nbsp;&nbsp;&nbsp; 1278917 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2537921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | &nbsp;&nbsp;&nbsp;&nbsp; 2520383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2520383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | &nbsp;&nbsp;&nbsp;&nbsp; 388450 | &nbsp;&nbsp;&nbsp;&nbsp; 1879019 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2267469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp; 2216809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2216809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 527181 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 527181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129883 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151888 |
| &nbsp;&nbsp;&nbsp;**Preferred Stock<sup>†</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403618 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403618 |
| &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joint Repurchase Agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42406 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 1967585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1967585 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;$16481551 | &nbsp;&nbsp;&nbsp;$9930129 | &nbsp;&nbsp;— | &nbsp;&nbsp;$26411680 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;<sup>†</sup> | All preferred stocks held in the Fund are Level 2 securities. For a detailed breakout of preferred stocks by major industry classification, please refer to Schedule of Portfolio Investments. |
| &nbsp;&nbsp;<sup>1</sup> | An external pricing service is used to reflect any impact on security value due to market movements between the time the Fund valued such foreign securities and the earlier closing of foreign markets. |

---

For the period ended March 31, 2026, there were no transfers in or out of Level 3.

------

AMG Yacktman Special Opportunities Fund

Schedule of Portfolio Investments *(continued)*

The country allocation in the Schedule of Portfolio Investments at March 31, 2026, was as follows:

---

| | |
|:---|:---|
| **Country** | &nbsp;&nbsp;**% of Long-Term<br> Investments** |
| Australia | &nbsp;&nbsp;&nbsp;&nbsp;12.9 |
| Belgium | &nbsp;&nbsp;&nbsp;&nbsp;3.7 |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;22.1 |
| France | &nbsp;&nbsp;&nbsp;&nbsp;3.4 |
| Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;3.3 |
| Italy | &nbsp;&nbsp;&nbsp;&nbsp;9.9 |
| Japan | &nbsp;&nbsp;&nbsp;&nbsp;5.4 |
| Singapore | &nbsp;&nbsp;&nbsp;&nbsp;2.6 |
| South Africa | &nbsp;&nbsp;&nbsp;&nbsp;0.7 |
| South Korea | &nbsp;&nbsp;&nbsp;&nbsp;7.9 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;13.6 |
| United States | &nbsp;&nbsp;&nbsp;&nbsp;14.5 |
|  | &nbsp;&nbsp;100.0 |

---

The Fund participates in the securities lending program offered by The Bank of New York Mellon providing for the lending of securities to qualified brokers. The value of securities loaned on positions held, cash collateral and securities collateral received at March 31, 2026, were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Securities<br> Loaned** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cash<br> Collateral<br> Received** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Securities<br> Collateral<br> Received** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total<br> Collateral<br> Received** |
| $2244804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $42406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2279474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2321880 |

---

The following table summarizes the securities received as collateral for securities lending at March 31, 2026:

---

| | | |
|:---|:---|:---|
| **Collateral<br> Type** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Coupon<br> Range** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Maturity<br> Date Range** |
| U.S. Treasury Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.125%-4.875% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04/15/26-02/15/56 |

---

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

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

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

- **a. Name of Series:** AMG Yacktman Special Opportunities Fund

- **b. EDGAR series identifier (if any):** S000045879

- **c. LEI of Series:** 549300T072ZCUO47Z727

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $26587700.71

**Total Liabilities:** $105717.34

**Net Assets:** $26481983.37

**Cash Not Reported:** $21782.51

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142969 | 7.76%                | 4.89%                | -3.02%               |
| Class ID C000142968 | 7.83%                | 4.87%                | -3.10%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $447782.26               | $1453900.26                                |
| Month 2  | $397755.64               | $862141.68                                 |
| Month 3  | $565278.70               | $-1415592.14                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SAMYUNG TRADING COMPANY LTD                        | SAM Yung Trading KRW500                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     58588 | NS      | $724292.01    | 2.74%             |  |  |  | No            |                  2 | On Loan: No      |
| TEXHONG INTERNATIONAL GROUP LTD                    | Texhong International Group Ltd. HKD0.1         | CUSIP: 000000000<br>LEI: 213800M1HN85ACHDBK34 | Long             | EC               | CORP              | KY        |   1075000 | NS      | $800642.76    | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Total Energy Services Inc.                         | Total Energy Services Inc. COM NPV              | CUSIP: 89154B102<br>LEI: 549300R3W0R3EV800D58 | Long             | EC               | CORP              | CA        |    100000 | NS      | $1631802.17   | 6.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Oil Ltd                                    | Horizon Oil Ltd NPV                             | CUSIP: 000000000<br>LEI: 52990027DG9I87NLGK24 | Long             | EC               | CORP              | AU        |   4750000 | NS      | $917633.50    | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CITADEL SECURITIES LLC                             | CITADEL SECURITIES LLC                          | CUSIP: 000000000<br>LEI: 12UUJYTN7D3SW8KCSG25 | Long             | RA               | CORP              | US        |     39000 | PA      | $39000.00     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Koa Shoji Holdings Co Ltd                          | Koa Shoji Holdings Co Ltd NPV                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     70000 | NS      | $368282.85    | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Amplify Energy Corp                                | Amplify Energy Corp COM                         | CUSIP: 03212B103<br>LEI: J0TW5YQRAZXYN7VEU787 | Long             | EC               | CORP              | US        |     45000 | NS      | $280800.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Neopharm Co Ltd                                    | Neopharm Co Ltd KRW500                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9000 | NS      | $102205.08    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Reading Intl Inc                                   | Reading Intl Inc CL A                           | CUSIP: 755408101<br>LEI: 549300OHQRI7MW2NQU72 | Long             | EC               | CORP              | US        |     75000 | NS      | $84750.00     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DELFI LTD                                          | Delfi Limited NPV                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    650000 | NS      | $479018.20    | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Arrow Exploration Corp.                            | Arrow Exploration Corp. COM                     | CUSIP: 04274P105<br>LEI: 9845000FDF0856QD9031 | Long             | EC               | CORP              | CA        |   7000000 | NS      | $1992018.00   | 7.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Unit Corporation                                   | Unit Corporation COM NEW                        | CUSIP: 909218406<br>LEI: 549300XGK22FZCTN8B67 | Long             | EC               | CORP              | US        |      9000 | NS      | $310950.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Brck Group PLC                                     | Brck Group PLC ORD GBP0.01                      | CUSIP: 000000000<br>LEI: 213800SK28MWXB3K3P26 | Long             | EC               | CORP              | GB        |   1750000 | NS      | $1189665.58   | 4.49%             |  |  |  | No            |                  2 | On Loan: No      |
| SK KAKEN COMPANY LTD                               | SK Kaken Co Ltd NPV                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2000 | NS      | $128861.80    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Maxim Power Corp                                   | Maxim Power Corp COM NEW                        | CUSIP: 57773Y209<br>LEI: 549300JHCNCJCQET4P76 | Long             | EC               | CORP              | CA        |     50500 | NS      | $157914.60    | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Mitani Corp                                        | Mitani Corp NPV                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13500 | NS      | $196657.12    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Food Group PLC                              | Hilton Food Group PLC ORD GBP0.10               | CUSIP: 000000000<br>LEI: 213800JY7VJFS2OOX355 | Long             | EC               | CORP              | GB        |     28000 | NS      | $189380.69    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PARDEE RESOURCES CO                                | Pardee Res Co COM                               | CUSIP: 699437109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       800 | NS      | $240000.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemisphere Energy Corp.                            | Hemisphere Energy Corp. COM                     | CUSIP: 423630102<br>LEI: 549300CG6PCKBXM8GM11 | Long             | EC               | CORP              | CA        |    170000 | NS      | $342175.26    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHAPOLIS CO LTD                                  | AlphaPolis Co. Ltd. NPV                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18000 | NS      | $129882.96    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Master Drilling Group Ltd                          | Master Drilling Group Ltd NPV                   | CUSIP: 000000000<br>LEI: 37890095B2AFC611E529 | Long             | EC               | CORP              | ZA        |    160000 | NS      | $170958.18    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGACY HOUSING CORP                                | Legacy Housing Corp. COM                        | CUSIP: 52472M101<br>LEI: V6WE5M18QYITU8L1QF76 | Long             | EC               | CORP              | US        |     55675 | NS      | $1137440.25   | 4.30%             |  |  |  | No            |                  1 | On Loan: —       |
| MI CHANG OIL INDUSTRIES CO LTD                     | MI Chang Oil Inds KSWN5000                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4105 | NS      | $299368.98    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold.com Inc.                                      | Gold.com Inc. COM                               | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |      5000 | NS      | $200400.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hargreaves Service                                 | Hargreaves Service ORD GBP0.10                  | CUSIP: 000000000<br>LEI: 213800O17BER1SHMH466 | Long             | EC               | CORP              | GB        |     84395 | NS      | $826618.64    | 3.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Naked Wines Public Limited Company                 | Naked Wines Public Limited Company ORD GBP0.075 | CUSIP: 000000000<br>LEI: 213800IYPFIRRQQE9R62 | Long             | EC               | CORP              | GB        |    200000 | NS      | $199069.44    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Boustead Singapore Ltd.                            | Boustead Singapore Ltd. NPV                     | CUSIP: 000000000<br>LEI: 254900VRXISFIBDS7X84 | Long             | EC               | CORP              | SG        |    110000 | NS      | $159998.97    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Italian Wine Brands S.P.A                          | Italian Wine Brands S.P.A NPV                   | CUSIP: 000000000<br>LEI: 815600251190FB2E7172 | Long             | EC               | CORP              | IT        |     60000 | NS      | $1297795.78   | 4.90%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL BANK FINANCIAL INC.                       | NATIONAL BANK FINANCIAL INC                     | CUSIP: 000000000<br>LEI: 549300D83GR71RNG0O65 | Long             | RA               | CORP              | US        |      3406 | PA      | $3406.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fila S.p.A                                         | Fila S.p.A NPV                                  | CUSIP: 000000000<br>LEI: 81560094A389646CAF21 | Long             | EC               | CORP              | IT        |    105000 | NS      | $1123175.40   | 4.24%             |  |  |  | No            |                  2 | On Loan: —       |
| Omni Bridgeway Ltd.                                | Omni Bridgeway Ltd. NPV                         | CUSIP: 000000000<br>LEI: 529900T4EL2A89FPP865 | Long             | EC               | CORP              | AU        |   2040000 | NS      | $2216809.35   | 8.37%             |  |  |  | No            |                  1 | On Loan: No      |
| KOMELON CORP                                       | Komelon Corporation KRW500                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     18000 | NS      | $245597.65    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| OKAMOTO INDUSTRIES INC                             | Okamoto Industries Inc. NPV                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6000 | NS      | $227361.01    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Ion Beam Applications SA                           | Ion Beam Applications SA NPV                    | CUSIP: 000000000<br>LEI: 5493002RVRZ1S3CPUI26 | Long             | EC               | CORP              | BE        |     60000 | NS      | $910633.97    | 3.44%             |  |  |  | No            |                  2 | On Loan: —       |
| Samsung Electronics Co Ltd.                        | Samsung Electronics Co Ltd. N/VTG PFD KRW100    | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |      5000 | NS      | $403617.94    | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Compagnie De l'odet SE                             | Compagnie De l'odet SE EUR16                    | CUSIP: 000000000<br>LEI: 9695005PEG4IL375U849 | Long             | EC               | CORP              | FR        |       550 | NS      | $829076.76    | 3.13%             |  |  |  | No            |                  2 | On Loan: No      |
| MAEZAWA INDUSTRIES INC                             | Maezawa Industries Inc. NPV                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     22000 | NS      | $275743.25    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Macfarlane Group                                   | Macfarlane Group ORD GBP0.25                    | CUSIP: 000000000<br>LEI: 213800LVRYDERSJAAZ73 | Long             | EC               | CORP              | GB        |   1050000 | NS      | $924898.59    | 3.49%             |  |  |  | No            |                  2 | On Loan: No      |
| DREYFUS INSTITUTIONAL PREFERRED MONEY MARKET FUNDS | Dreyfus Instl Resv PFD GOVT INSTL               | CUSIP: 26200X100<br>LEI: 5493001BRBYRXP4A4K56 | Long             | STIV             | RF                | US        |   1967585 | NS      | $1967585.41   | 7.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICA'S CAR-MART INC                             | America's Car-Mart Inc. COM                     | CUSIP: 03062T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $381900.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Medical Facilities Corp.                           | Medical Facilities Corp. COM NPV                | CUSIP: 58457V503<br>LEI: 549300KHW6BB8F1NXK22 | Long             | EC               | CORP              | CA        |    105000 | NS      | $1259003.67   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bixolon Co Ltd                                     | Bixolon Co Ltd KRW500                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     32000 | NS      | $151888.49    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co.                                 | U-Haul Holding Co. COM SER N                    | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     20000 | NS      | $893400.00    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer