# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0001752724-23-035527
**Filing Date:** 2023-2
**Character Count:** 37422
**Document Hash:** c7ef3a98a9a15c20e9872d8a70b0b9a9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035527.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035527

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09521
- **FILM NUMBER:** 23657304

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

## 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 GW&K Municipal Enhanced Yield Fund

- **b. EDGAR series identifier (if any):** S000023781

- **c. LEI of Series:** 5493007AA45J1A1TXE60

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $257265832.99

**Total Liabilities:** $226193.39

**Net Assets:** $257039639.60

**Cash Not Reported:** $599.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.92600000 | **1-Year:** 0.00000000 | **5-Year:** 4986.99511000 | **10-Year:** 267823.75244000 | **30-Year:** 47106.38754000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000078885 | -2.43%               | 8.31%                | -1.03%               |
| Class ID C000069909 | -2.35%               | 8.21%                | -0.92%               |
| Class ID C000180069 | -2.22%               | 8.22%                | -0.91%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1271761.64             | $-5295602.75                               |
| Month 2  | $-90392.38               | $20203000.20                               |
| Month 3  | $-550252.75              | $-2478811.74                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VIRGINIA ST SMALL BUSINESS FIN    | Virginia Small Business Financing Authority                             | CUSIP: 928104NY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2718243.30   | 1.06%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE       | City of Houston TX Airport System Revenue                               | CUSIP: 442349FY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1306208.70   | 0.51%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL     | Philadelphia Authority for Industrial Development                       | CUSIP: 71780TBL6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   4615000 | PA      | $4829515.81   | 1.88%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH    | West Virginia Hospital Finance Authority                                | CUSIP: 956622S47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4033344.00   | 1.57%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TAMPA FL HOSP REVENUE             | City of Tampa FL                                                        | CUSIP: 875161DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2482795.59   | 0.97%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                     | CUSIP: 64966QL57<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2199235.20   | 0.86%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU    | San Diego County Regional Airport Authority                             | CUSIP: 79739GNW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1728578.00   | 0.67%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461367J4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1746511.40   | 0.68%             | 2045-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES    | New York State Dormitory Authority                                      | CUSIP: 65000BLQ9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2115000 | PA      | $1791547.13   | 0.70%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF    | Florida Development Finance Corp                                        | CUSIP: 34061QBT3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2317605.60   | 0.90%             | 2052-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R    | Central Texas Regional Mobility Authority                               | CUSIP: 155498HZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1990914.85   | 0.77%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES    | New York State Dormitory Authority                                      | CUSIP: 65000BLP1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1736163.20   | 0.68%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                       | State of Illinois                                                       | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3115851.90   | 1.21%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE    | New Jersey Economic Development Authority                               | CUSIP: 64577XCU8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1261590.00   | 0.49%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                          | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069443.20   | 0.42%             | 2050-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA TRANSPRTN CO    | Riverside County Transportation Commission                              | CUSIP: 76912DBB3<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3146980.08   | 1.22%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL     | Metropolitan Pier & Exposition Authority                                | CUSIP: 592250EW0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1740269.80   | 0.68%             | 2042-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461367L9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1682120.00   | 0.65%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA    | South Jersey Transportation Authority                                   | CUSIP: 838536MR8<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4567223.70   | 1.78%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REV    | County of Miami-Dade Seaport Department                                 | CUSIP: 59335KDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4290214.73   | 1.67%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HGR EDU & H    | Montgomery County Higher Education and Health Authority                 | CUSIP: 613603G60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4604556.90   | 1.79%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST    | California Municipal Finance Authority                                  | CUSIP: 13049YBM2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4547568.74   | 1.77%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HLTH FACS AUTH    | Brevard County Health Facilities Authority                              | CUSIP: 107416QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6181278.60   | 2.40%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA    | Chicago O'Hare International Airport                                    | CUSIP: 167593L59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6839776.35   | 2.66%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                          | CUSIP: 64613CCJ5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2106084.80   | 0.82%             | 2046-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA TRANSPRTN CO    | Riverside County Transportation Commission                              | CUSIP: 76912DAZ1<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2313403.00   | 0.90%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE     | Metropolitan Transportation Authority                                   | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3019797.06   | 1.17%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL     | Metropolitan Pier & Exposition Authority                                | CUSIP: 592250EY6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2428314.30   | 0.94%             | 2052-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING     | Pennsylvania Economic Development Financing Authority                   | CUSIP: 70868YAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1239778.50   | 0.48%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF    | Florida Development Finance Corp                                        | CUSIP: 34061QBU0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1814237.80   | 0.71%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE    | New Jersey Economic Development Authority                               | CUSIP: 64577XCT1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1300037.10   | 0.51%             | 2046-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R    | Central Texas Regional Mobility Authority                               | CUSIP: 155498LX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $1790597.63   | 0.70%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FL HLTH FACS AUTH     | Miami Beach Health Facilities Authority                                 | CUSIP: 593211FN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4321604.00   | 1.68%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GEISINGER PA AUTH HLTH SYS REV    | Geisinger Authority                                                     | CUSIP: 368497JV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2869903.04   | 1.12%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL     | Connecticut State Health & Educational Facilities Authority             | CUSIP: 20775DPL0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3097196.34   | 1.20%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL HLTH FACS AUT    | Escambia County Health Facilities Authority                             | CUSIP: 296110GF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6050000 | PA      | $5138583.84   | 2.00%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                       | State of Illinois                                                       | CUSIP: 452153AW9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2162415.20   | 0.84%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C    | Duluth Economic Development Authority                                   | CUSIP: 26444CHC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2477997.44   | 0.96%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL     | Metropolitan Pier & Exposition Authority                                | CUSIP: 592250DM3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4870521.50   | 1.89%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE     | Metropolitan Transportation Authority                                   | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2243298.01   | 0.87%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL INDL DEVA    | Hillsborough County Industrial Development Authority                    | CUSIP: 43233AFD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4225508.50   | 1.64%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N    | Tobacco Settlement Financing Corp                                       | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1957388.79   | 0.76%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE    | New Jersey Economic Development Authority                               | CUSIP: 64577XBE5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2547964.50   | 0.99%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING A    | Virginia Small Business Financing Authority                             | CUSIP: 928097AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2376794.00   | 0.92%             | 2049-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                | CUSIP: 650116EU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1714400.62   | 0.67%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV    | Colorado Health Facilities Authority                                    | CUSIP: 19648FKS2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5008861.00   | 1.95%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL     | Connecticut State Health & Educational Facilities Authority             | CUSIP: 20775DPN6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1547460.78   | 0.60%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971X4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2250410.60   | 0.88%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N    | Tobacco Settlement Financing Corp                                       | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3285000 | PA      | $3295561.93   | 1.28%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE    | California Municipal Finance Authority                                  | CUSIP: 13048VZJ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1344179.85   | 0.52%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                 | CUSIP: 882667AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3960894.14   | 1.54%             | 2040-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                | CUSIP: 650116FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5045825.50   | 1.96%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH GEN R    | New York State Thruway Authority                                        | CUSIP: 650010CJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1858731.00   | 0.72%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN    | Virginia Small Business Financing Authority                             | CUSIP: 928104QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2570138.63   | 1.00%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA    | South Jersey Transportation Authority                                   | CUSIP: 838536MP2<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3298104.95   | 1.28%             | 2047-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                 | CUSIP: 882667AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3880000 | PA      | $3828155.44   | 1.49%             | 2045-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R    | Tobacco Settlement Financing Corp/RI                                    | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3285000 | PA      | $3304675.18   | 1.29%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL     | Connecticut State Health & Educational Facilities Authority             | CUSIP: 20775DPK2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2768631.00   | 1.08%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                       | State of Illinois                                                       | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4128330.80   | 1.61%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LYNCHBURG VA ECON DEV AUTH HOS    | Lynchburg Economic Development Authority                                | CUSIP: 55123TBS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1309025.40   | 0.51%             | 2055-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                 | CUSIP: 882667AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4953546.40   | 1.93%             | 2039-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461367K1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019722.90   | 0.40%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN    | Virginia Small Business Financing Authority                             | CUSIP: 928104NX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2744827.80   | 1.07%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES    | New York State Dormitory Authority                                      | CUSIP: 65000BNH7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3059347.20   | 1.19%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE     | Metropolitan Transportation Authority                                   | CUSIP: 59261AG35<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3175000 | PA      | $2968898.37   | 1.16%             | 2045-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING A    | Virginia Small Business Financing Authority                             | CUSIP: 928097AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $2987147.43   | 1.16%             | 2052-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIXED INCOME CLEARING CORPORATION | FICC                                                                    | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |    926000 | PA      | $926000.00    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                | CUSIP: 650110AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6915000 | PA      | $5615381.76   | 2.18%             | 2053-04-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461367M7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517519.25   | 0.59%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R    | Massachusetts Development Finance Agency                                | CUSIP: 57584YL64<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5180000 | PA      | $4190784.21   | 1.63%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G    | Central Plains Energy Project                                           | CUSIP: 154871CP0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   5560000 | PA      | $5579806.94   | 2.17%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                | CUSIP: 650116EW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1740848.78   | 0.68%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC AUTH FOR COLORADO ST EN    | Public Authority for Colorado Energy                                    | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   4445000 | PA      | $5207013.02   | 2.03%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST    | California Municipal Finance Authority                                  | CUSIP: 13049YBK6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3007372.80   | 1.17%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                | CUSIP: 650116FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5071748.00   | 1.97%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461365N7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1779880.38   | 0.69%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                       | State of Illinois                                                       | CUSIP: 452153AU3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1303398.45   | 0.51%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR    | Allegheny County Airport Authority                                      | CUSIP: 01728LFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5050008.00   | 1.96%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING     | Pennsylvania Economic Development Financing Authority                   | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4895752.00   | 1.90%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N    | Tobacco Settlement Financing Corp                                       | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2449212.00   | 0.95%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI    | Pennsylvania Turnpike Commission                                        | CUSIP: 709225BD7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   6050000 | PA      | $5401398.26   | 2.10%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                 | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9320000 | PA      | $8889106.58   | 3.46%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer