# EDGAR Filing Document

**Accession Number:** 0000879947
**File Stem:** 0000940400-26-008531
**Filing Date:** 2026-2
**Character Count:** 24152
**Document Hash:** 15de7e8b9d58c60f2aff3efbefec2f4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-008531.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000940400-26-008531

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMG ETF Trust
- **CENTRAL INDEX KEY:** 0000879947

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06431
- **FILM NUMBER:** 26685285

**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:** AMG Funds II
- **DATE OF NAME CHANGE:** 20140422

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGERS TRUST II
- **DATE OF NAME CHANGE:** 20000801

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

## Series and Classes Contracts Data

### AMG GW&K Muni Income ETF (Series ID: S000095116)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000263709 | AMG GW&K Muni Income ETF | MUNX            |

## 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 ETF Trust

- **b. Investment Company Act file number:** 811-06431

- **c. CIK number of Registrant:** 0000879947

- **d. LEI of Registrant:** 549300JI0FFOS6K9XP78

- **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 Muni Income ETF

- **b. EDGAR series identifier (if any):** S000095116

- **c. LEI of Series:** 254900SFC7YR6QTUQE52

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $10627067.56

**Total Liabilities:** $155581.37

**Net Assets:** $10471486.19

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 32.47952000 | **1-Year:** 278.79860000 | **5-Year:** 2344.99205000 | **10-Year:** 3448.59154000 | **30-Year:** 73.05191000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 99.03171000 | **10-Year:** 105.49474000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263709 | -0.22%               | 0.35%                | 0.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-11914.20                                 |
| Month 2  | $-3450.72                | $3965.82                                   |
| Month 3  | $-3303.41                | $-9881.98                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TENNESSEE ST ENERGY ACQUISITIO   | Tennessee Energy Acquisition Corp                          | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154214.57    | 1.47%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                          | CUSIP: 452152X97<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    165000 | PA      | $170452.14    | 1.63%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG CDD #16 FL SPL ASSMNT REVE   | Village Community Development District No 16               | CUSIP: 92708MAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149893.25    | 1.43%             | 2056-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                   | CUSIP: 650110AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252002.95    | 2.41%             | 2034-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE    | County of Jefferson AL Sewer Revenue                       | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130713.61    | 1.25%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES   | New York State Dormitory Authority                         | CUSIP: 65000BLD8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    165000 | PA      | $179806.44    | 1.72%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA   | Commonwealth Financing Authority                           | CUSIP: 20282EAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $119977.15    | 1.15%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND COMMERCE CORP REV   | Rhode Island Commerce Corp                                 | CUSIP: 762232AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181744.85    | 1.74%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST SPL OBLG                 | State of Iowa                                              | CUSIP: 46257TEE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $156440.76    | 1.49%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C   | Southeast Energy Authority A Cooperative District          | CUSIP: 84136HDM2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    200000 | PA      | $214543.94    | 2.05%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI   | Pennsylvania Turnpike Commission                           | CUSIP: 709224XM6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    165000 | PA      | $166071.71    | 1.59%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH       | Industrial Development Authority of the County of Pima/The | CUSIP: 721901KW5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    150000 | PA      | $132255.95    | 1.26%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S   | Intermountain Power Agency                                 | CUSIP: 45884AF73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $208730.61    | 1.99%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV   | Colorado Health Facilities Authority                       | CUSIP: 19648FKL7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    200000 | PA      | $211625.16    | 2.02%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH STUDENT HS   | Indiana Finance Authority                                  | CUSIP: 45471FAX9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165021.50    | 1.58%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                  | City of Philadelphia PA                                    | CUSIP: 717813YY9<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    170000 | PA      | $174742.37    | 1.67%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P   | Los Angeles Department of Water & Power                    | CUSIP: 544532QC1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    200000 | PA      | $230638.68    | 2.20%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL HLTH CAR   | Capital Trust Authority                                    | CUSIP: 14055GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $197059.66    | 1.88%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                   | CUSIP: 650116JP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $316789.59    | 3.03%             | 2055-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND COMMERCE CORP REV   | Rhode Island Commerce Corp                                 | CUSIP: 762232AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $282498.50    | 2.70%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL   | Rhode Island Health and Educational Building Corp          | CUSIP: 762244MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $232473.17    | 2.22%             | 2054-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU   | Alabama Public School and College Authority                | CUSIP: 010609FU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201748.74    | 1.93%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE    | State of Illinois Sales Tax Revenue                        | CUSIP: 452227VE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $227742.18    | 2.17%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF   | Pennsylvania Housing Finance Agency                        | CUSIP: 70879QTZ6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201829.18    | 1.93%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH WI TAX INCREMENT    | Public Finance Authority                                   | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203226.48    | 1.94%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE    | Metropolitan Transportation Authority                      | CUSIP: 59261AJW8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110332.97    | 1.05%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A   | South Carolina Public Service Authority                    | CUSIP: 837151XY0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256717.28    | 2.45%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO AVIATION AUTH FL S   | Greater Orlando Aviation Authority                         | CUSIP: 39227AAD4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    250000 | PA      | $269859.43    | 2.58%             | 2037-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL    | Triborough Bridge & Tunnel Authority                       | CUSIP: 89602N5F7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140973.98    | 1.35%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T   | Lower Colorado River Authority                             | CUSIP: 54811BWQ0<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    150000 | PA      | $160880.33    | 1.54%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EDUCTNL FAC   | Miami-Dade County Educational Facilities Authority         | CUSIP: 59333ANX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $312491.82    | 2.98%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING    | Pennsylvania Economic Development Financing Authority      | CUSIP: 70868YAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $275173.63    | 2.63%             | 2035-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA   | Chicago O'Hare International Airport                       | CUSIP: 1675937J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133709.79    | 1.28%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T   | Lower Colorado River Authority                             | CUSIP: 54811BSW2<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153272.94    | 1.46%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | Massachusetts Development Finance Agency                   | CUSIP: 57584Y4T3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    150000 | PA      | $149595.60    | 1.43%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF   | Pennsylvania Housing Finance Agency                        | CUSIP: 70879Q5H2<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249240.68    | 2.38%             | 2045-10-01      | Fixed         | 4.60%                 | 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        |    250000 | PA      | $250115.28    | 2.39%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU   | Philadelphia Gas Works Co                                  | CUSIP: 7178238K7<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    385000 | PA      | $391475.24    | 3.74%             | 2032-10-01      | Fixed         | 5.00%                 | 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        |    205000 | PA      | $199942.73    | 1.91%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                          | CUSIP: 452152S93<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104094.57    | 0.99%             | 2030-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU   | Public Finance Authority                                   | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $219645.32    | 2.10%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA   | Commonwealth Financing Authority                           | CUSIP: 20282EAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $369295.91    | 3.53%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEA FL ELEC SYS REVENUE          | JEA Electric System Revenue                                | CUSIP: 46613SGA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $417111.40    | 3.98%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU   | Texas Private Activity Bond Surface Transportation Corp    | CUSIP: 882667AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140597.53    | 1.34%             | 2037-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST    | New Jersey Transportation Trust Fund Authority             | CUSIP: 6461367Y1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207942.28    | 1.99%             | 2034-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNY MELLON, NATIONAL ASSOCIATION | FICC                                                       | CUSIP: 000000000<br>LEI: 4EP6JBYBTPTQ47LZOB67 | Long             | RA               | CORP              | US        |    154000 | PA      | $154000.00    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE      | Indiana Finance Authority                                  | CUSIP: 45506EFE8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    115000 | PA      | $119258.05    | 1.14%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT   | Michigan State Housing Development Authority               | CUSIP: 594654SD8<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    160000 | PA      | $165585.81    | 1.58%             | 2034-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE    | State of Illinois Sales Tax Revenue                        | CUSIP: 452227UP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $191579.82    | 1.83%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C   | Southeast Energy Authority A Cooperative District          | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    150000 | PA      | $161151.72    | 1.54%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE    | Metropolitan Transportation Authority                      | CUSIP: 59261AY50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    200000 | PA      | $223811.36    | 2.14%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** AMG ETF Trust

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer