# EDGAR Filing Document

**Accession Number:** 0000882443
**File Stem:** 0000940400-25-003015
**Filing Date:** 2025-9
**Character Count:** 31588
**Document Hash:** eb598a2e58eebe0dad8b88d64d307677
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-003015.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000940400-25-003015

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMG Funds I
- **CENTRAL INDEX KEY:** 0000882443

**ORGANIZATION NAME:**
- **EIN:** 561773580
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06520
- **FILM NUMBER:** 251353063

**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 TRUST I
- **DATE OF NAME CHANGE:** 20000801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BREEDEN TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### AMG Veritas China Fund (Series ID: S000009911)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027424 | Class N      | MMCFX           |
| C000105228 | Class I      | MIMFX           |

## Nport-Ex

AMG Veritas China Fund

Schedule of Portfolio Investments *(unaudited)*

July 31, 2025

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 99.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services - 24.9%** |  |  |
| &nbsp;&nbsp;&nbsp;NetEase, Inc. (China) | &nbsp;&nbsp;&nbsp;&nbsp;77100 | &nbsp;&nbsp;&nbsp;$2015568 |
| &nbsp;&nbsp;&nbsp;Tencent Holdings, Ltd. (China) | &nbsp;&nbsp;124400 | &nbsp;&nbsp;&nbsp;&nbsp;8709522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Communication Services |  | &nbsp;&nbsp;10725090 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 23.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Group Holding, Ltd. (China) | 283800 | &nbsp;&nbsp;&nbsp;&nbsp;4266870 |
| &nbsp;&nbsp;&nbsp;BYD Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;76200 | &nbsp;&nbsp;&nbsp;&nbsp;1108088 |
| &nbsp;&nbsp;&nbsp;DPC Dash, Ltd. (China)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;33400 | &nbsp;&nbsp;&nbsp;&nbsp;360490 |
| &nbsp;&nbsp;&nbsp;Hesai Group, ADR (China)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;21861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415359 |
| &nbsp;&nbsp;&nbsp;JD.com, Inc., ADR (China) | &nbsp;&nbsp;&nbsp;&nbsp;14739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464131 |
| &nbsp;&nbsp;&nbsp;Meituan, Class B (China)<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;73600 | &nbsp;&nbsp;&nbsp;&nbsp;1135468 |
| &nbsp;&nbsp;&nbsp;Midea Group Co., Ltd., Class H (China) | &nbsp;&nbsp;&nbsp;43800 | &nbsp;&nbsp;&nbsp;&nbsp;424388 |
| &nbsp;&nbsp;&nbsp;PDD Holdings, Inc., ADR (China)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;14487 | &nbsp;&nbsp;&nbsp;&nbsp;1643550 |
| &nbsp;&nbsp;&nbsp;TAL Education Group, ADR (China)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;26256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;&nbsp;10105585 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples - 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Eastroc Beverage Group Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;23100 | &nbsp;&nbsp;&nbsp;&nbsp;902936 |
| &nbsp;&nbsp;&nbsp;Giant Biogene Holding Co., Ltd. (China)<sup>1</sup> | &nbsp;&nbsp;&nbsp;82200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;&nbsp;1489084 |
| &nbsp;&nbsp;&nbsp;**Financials - 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;China Merchants Bank Co., Ltd., Class H (China) | &nbsp;&nbsp;102000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661893 |
| &nbsp;&nbsp;&nbsp;Futu Holdings, Ltd., ADR (Hong Kong) | &nbsp;&nbsp;&nbsp;&nbsp;6659 | &nbsp;&nbsp;&nbsp;&nbsp;1023355 |
| &nbsp;&nbsp;&nbsp;PICC Property & Casualty Co., Ltd., Class H (China) | 444000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Financials |  | &nbsp;&nbsp;&nbsp;2606807 |
| &nbsp;&nbsp;&nbsp;**Health Care - 13.0%** |  |  |
| &nbsp;&nbsp;&nbsp;BeOne Medicines, Ltd., Class H (China)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;21600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491064 |
| &nbsp;&nbsp;&nbsp;CSPC Pharmaceutical Group, Ltd. (China) | 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879756 |
| &nbsp;&nbsp;&nbsp;Innovent Biologics, Inc. (China)<sup>\*,1</sup> | &nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742686 |
| &nbsp;&nbsp;&nbsp;Jiangsu Hengrui Pharmaceuticals Co., Ltd., Class H (China)<sup>\*</sup> | &nbsp;&nbsp;190400 | &nbsp;&nbsp;&nbsp;&nbsp;1912489 |
| &nbsp;&nbsp;&nbsp;Shanghai MicroPort MedBot Group Co., Ltd., Class H (China)<sup>\*</sup> | &nbsp;&nbsp;124400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345730 |
| &nbsp;&nbsp;&nbsp;Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513226 |
| &nbsp;&nbsp;&nbsp;XtalPi Holdings, Ltd. (China)<sup>\*</sup> | 457000 | &nbsp;&nbsp;&nbsp;&nbsp;350594 |
| &nbsp;&nbsp;&nbsp;Zai Lab, Ltd. (China)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;96400 | &nbsp;&nbsp;&nbsp;&nbsp;364205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;&nbsp;5599750 |
| &nbsp;&nbsp;&nbsp;**Industrials - 12.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Contemporary Amperex Technology Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;45080 | &nbsp;&nbsp;&nbsp;&nbsp;1650460 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;DiDi Global, Inc., ADR (China)<sup>\*</sup> | &nbsp;&nbsp;154648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$777879 |
| &nbsp;&nbsp;&nbsp;Full Truck Alliance Co., Ltd., Sponsored ADR (China) | &nbsp;&nbsp;&nbsp;&nbsp;72741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840159 |
| &nbsp;&nbsp;&nbsp;NARI Technology Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;516971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1571566 |
| &nbsp;&nbsp;&nbsp;Sieyuan Electric Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;37900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5250436 |
| &nbsp;&nbsp;&nbsp;**Information Technology - 11.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Beijing Fourth Paradigm Technology Co., Ltd. (China)<sup>\*</sup> | &nbsp;&nbsp;106800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746243 |
| &nbsp;&nbsp;&nbsp;Beijing Kingsoft Office Software, Inc., Class A (China) | &nbsp;&nbsp;&nbsp;&nbsp;9832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426890 |
| &nbsp;&nbsp;&nbsp;NAURA Technology Group Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;13230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614468 |
| &nbsp;&nbsp;&nbsp;Sunny Optical Technology Group Co., Ltd. (China) | &nbsp;&nbsp;&nbsp;47900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443809 |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co., Ltd. (Taiwan) | &nbsp;&nbsp;&nbsp;33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1270477 |
| &nbsp;&nbsp;&nbsp;Vnet Group, Inc., ADR (China)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;32027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266144 |
| &nbsp;&nbsp;&nbsp;Xiaomi Corp., Class B (China)<sup>\*,1</sup> | &nbsp;&nbsp;192800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1297149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Information Technology |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5065180 |
| &nbsp;&nbsp;&nbsp;**Materials - 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Zijin Mining Group Co., Ltd., Class H (China) | 468000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1240977 |
| &nbsp;&nbsp;&nbsp;**Real Estate - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;KE Holdings, Inc., ADR (China) | &nbsp;&nbsp;&nbsp;&nbsp;11681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215164 |
| &nbsp;&nbsp;&nbsp;**Utilities - 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;ENN Energy Holdings, Ltd. (China) | &nbsp;&nbsp;&nbsp;70200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;572132 |
| **Total Common Stocks<br> (Cost $34,748,882)** |  | &nbsp;&nbsp;&nbsp;&nbsp;42870205 |
| **Short-Term Investments - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Other Investment Companies - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Dreyfus Government Cash Management Fund, Institutional Shares, 4.20%<sup>2</sup> | &nbsp;&nbsp;204017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204017 |
| &nbsp;&nbsp;&nbsp;Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.28%<sup>2</sup> | 306026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306026 |
| **Total Short-Term Investments<br> (Cost $510,043)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510043 |
| **Total Investments - 100.9%<br> (Cost $35,258,925)** |  | &nbsp;&nbsp;&nbsp;&nbsp; 43380248 |
| **Other Assets, less Liabilities - (0.9)%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (395371) |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$42984877** |

---

------

AMG Veritas China Fund

Schedule of Portfolio Investments *(continued)*

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

<sup>1</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2025, the value of these securities amounted to $3,761,451 or 8.8% of net assets.

<sup>2</sup> Yield shown represents the July 31, 2025, seven day average yield, which refers to the sum of the previous seven days' dividends paid, expressed as an annual percentage.

ADR American Depositary Receipt

The following table summarizes the inputs used to value the Fund's investments by the fair value hierarchy levels as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2<sup>1</sup>** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** |
| &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; $10725090 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; $10725090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | &nbsp;&nbsp;&nbsp; $2810281 | &nbsp;&nbsp;&nbsp;&nbsp; 7295304 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10105585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | &nbsp;&nbsp;&nbsp;&nbsp; 1912489 | &nbsp;&nbsp;&nbsp;&nbsp; 3687261 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5599750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp; 1618038 | &nbsp;&nbsp;&nbsp;&nbsp; 3632398 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5250436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266144 | &nbsp;&nbsp;&nbsp;&nbsp; 4799036 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5065180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp; 1023355 | &nbsp;&nbsp;&nbsp;&nbsp; 1583452 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2606807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1489084 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1489084 |
| &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; 1240977 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1240977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 572132 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 572132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215164 |
| &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;Other Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 510043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510043 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;$8355514 | &nbsp;&nbsp;$35024734 | &nbsp;&nbsp;— | &nbsp;&nbsp;$43380248 |

---

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

For the period ended July 31, 2025, there were no transfers in or out of Level 3.

The country allocation in the Schedule of Portfolio Investments at July 31, 2025, was as follows:

---

| | |
|:---|:---|
| **Country** | &nbsp;&nbsp;**% of Long-Term<br> Investments** |
| China | &nbsp;&nbsp;&nbsp;94.6 |
| Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;2.4 |
| Taiwan | &nbsp;&nbsp;&nbsp;&nbsp;3.0 |
|  | &nbsp;&nbsp;100.0 |

---

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 I

- **b. Investment Company Act file number:** 811-06520

- **c. CIK number of Registrant:** 0000882443

- **d. LEI of Registrant:** 549300SY4O1O812XWI71

- **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 Veritas China Fund

- **b. EDGAR series identifier (if any):** S000009911

- **c. LEI of Series:** 549300SWUL05JIRA7674

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $43443402.05

**Total Liabilities:** $478166.43

**Net Assets:** $42965235.62

**Cash Not Reported:** $128.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027424 | 2.02%                | 3.75%                | 4.21%                |
| Class ID C000105228 | 2.04%                | 3.75%                | 4.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $736684.81                                 |
| Month 2  | $-841259.99              | $2219658.78                                |
| Month 3  | $-22323.11               | $1755454.13                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dreyfus Institutional Preferred Government Money Market | Dreyfus Institutional Preferred Government Money Market | CUSIP: 26200X100<br>LEI: 5493001BRBYRXP4A4K56 | Long             | STIV             | RF                | US        |    306026 | NS      | $306025.63    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Sieyuan Electric Co Ltd                                 | Sieyuan Electric Co Ltd                                 | CUSIP: 000000000<br>LEI: 836800H6UQQUWN4PSZ32 | Long             | EC               | CORP              | CN        |     37900 | NS      | $410371.80    | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Fourth Paradigm Techno                          | Beijing Fourth Paradigm Technology Co Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    106800 | NS      | $746243.15    | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Giant Biogene Holding Co ltd                            | Giant Biogene Holding Co ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     82200 | NS      | $586147.38    | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA Technology Group Co Ltd                           | NAURA Technology Group Co Ltd                           | CUSIP: 000000000<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |     13230 | NS      | $614467.46    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                              | JD.com Inc                                              | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     14739 | NS      | $464131.11    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                                                 | Meituan                                                 | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |     73600 | NS      | $1135467.56   | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai MicroPort MedBot Grou                          | Shanghai MicroPort MedBot Group Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    124400 | NS      | $345730.31    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD Holdings Inc                                        | PDD Holdings Inc                                        | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |     14487 | NS      | $1643550.15   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                                    | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     33000 | NS      | $1270476.49   | 2.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Mindray Bio-Medical E                          | Shenzhen Mindray Bio-Medical Electronics Co Ltd         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     16000 | NS      | $513225.49    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                             | NetEase Inc                                             | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |     77100 | NS      | $2015567.85   | 4.69%             |  |  |  | No            |                  2 | On Loan: No      |
| TAL Education Group                                     | TAL Education Group                                     | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | CN        |     26256 | NS      | $287240.64    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc                                         | KE Holdings Inc                                         | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |     11681 | NS      | $215164.02    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovent Biologics Inc                                  | Innovent Biologics Inc                                  | CUSIP: 000000000<br>LEI: 25490058ONL9SCIE1R22 | Long             | EC               | CORP              | CN        |     60000 | NS      | $742686.40    | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                               | Alibaba Group Holding Ltd                               | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    283800 | NS      | $4266870.20   | 9.93%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                                 | ENN Energy Holdings Ltd                                 | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | CN        |     70200 | NS      | $572131.56    | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNNY OPTICAL                                           | Sunny Optical Technology Group Co Ltd                   | CUSIP: 000000000<br>LEI: 3003004QIVP0DFVVWM94 | Long             | EC               | CORP              | CN        |     47900 | NS      | $443809.44    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management                      | Dreyfus Government Cash Management                      | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    204017 | NS      | $204017.09    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                               | Zijin Mining Group Co Ltd                               | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    468000 | NS      | $1240976.70   | 2.89%             |  |  |  | No            |                  2 | On Loan: No      |
| DiDi Global Inc                                         | DiDi Global Inc                                         | CUSIP: 23292E108<br>LEI: 8368006Y2DHY77ADSY31 | Long             | EC               | CORP              | CN        |    154648 | NS      | $777879.44    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Hesai Group                                             | Hesai Group                                             | CUSIP: 428050108<br>LEI: 836800KOYHURQT1JZY11 | Long             | EC               | CORP              | CN        |     21861 | NS      | $415359.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BeOne Medicines Ltd                                     | BeOne Medicines Ltd                                     | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | US        |     21600 | NS      | $491063.54    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Kingsoft Office Softwa                          | Beijing Kingsoft Office Software Inc                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9832 | NS      | $426889.72    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                             | China Merchants Bank Co Ltd                             | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |    102000 | NS      | $661893.01    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                              | BYD Co Ltd                                              | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     76200 | NS      | $1108088.36   | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceutical                          | Jiangsu Hengrui Pharmaceuticals Co Ltd                  | CUSIP: 000000000<br>LEI: 2549003BT1XS3SE3E448 | Long             | EC               | CORP              | CN        |    190400 | NS      | $1912489.17   | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd                           | CSPC Pharmaceutical Group Ltd                           | CUSIP: 000000000<br>LEI: 529900M3XQCW234H8O91 | Long             | EC               | CORP              | CN        |    700000 | NS      | $879756.43    | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp                                             | Xiaomi Corp                                             | CUSIP: 000000000<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | CN        |    192800 | NS      | $1297149.12   | 3.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Full Truck Alliance Co Ltd                              | Full Truck Alliance Co Ltd                              | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | CN        |     72741 | NS      | $840158.55    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PICC P&C                                                | PICC Property & Casualty Co Ltd                         | CUSIP: 000000000<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |    444000 | NS      | $921559.05    | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastroc Beverage Group Co Ltd                           | Eastroc Beverage Group Co Ltd                           | CUSIP: 000000000<br>LEI: 836800LQ338417RCIL29 | Long             | EC               | CORP              | CN        |     23100 | NS      | $902936.36    | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DPC Dash Ltd                                            | DPC Dash Ltd                                            | CUSIP: 000000000<br>LEI: 254900OG7TEI5GQICO05 | Long             | EC               | CORP              | CN        |     33400 | NS      | $360490.00    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Zai Lab Ltd                                             | Zai Lab Ltd                                             | CUSIP: 000000000<br>LEI: 549300P2UYQ9U5LY1T58 | Long             | EC               | CORP              | CN        |     96400 | NS      | $364205.36    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                    | Tencent Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    124400 | NS      | $8709522.59   | 20.27%            |  |  |  | No            |                  2 | On Loan: No      |
| Futu Holdings Ltd                                       | Futu Holdings Ltd                                       | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | HK        |      6659 | NS      | $1023355.12   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NARI Technology Co Ltd                                  | NARI Technology Co Ltd                                  | CUSIP: 000000000<br>LEI: 3003006IGH1W58MAQM05 | Long             | EC               | CORP              | CN        |    516971 | NS      | $1571566.11   | 3.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                                      | Midea Group Co Ltd                                      | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     43800 | NS      | $424387.93    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Vnet Group Inc                                          | Vnet Group Inc                                          | CUSIP: 90138A103<br>LEI: 529900672GYJQ3T38I58 | Long             | EC               | CORP              | CN        |     32027 | NS      | $266144.37    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| XtalPi Holdings Ltd                                     | XtalPi Holdings Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    457000 | NS      | $350593.87    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                                                    | Contemporary Amperex Technology Co Ltd                  | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     45080 | NS      | $1650460.06   | 3.84%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** AMG Funds I

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer