# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0000940400-26-022972
**Filing Date:** 2026-6
**Character Count:** 55683
**Document Hash:** c52644d844cd7c912ea9a74662891b06
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022972.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022972

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09521
- **FILM NUMBER:** 261048692

**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 Small Cap Core Fund (Series ID: S000023782)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000069910 | Class N      | GWETX           |
| C000069911 | Class I      | GWEIX           |
| C000180070 | Class Z      | GWEZX           |

## Nport-Ex

AMG GW&K Small Cap Core Fund

Schedule of Portfolio Investments *(unaudited)*

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 98.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 10.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Asbury Automotive Group, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;26607 | &nbsp;&nbsp;&nbsp;&nbsp;$5199274 |
| &nbsp;&nbsp;&nbsp;Boot Barn Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;38218 | &nbsp;&nbsp;&nbsp;&nbsp;5593587 |
| &nbsp;&nbsp;&nbsp;Champion Homes, Inc.<sup>\*</sup> | &nbsp;&nbsp;148197 | &nbsp;&nbsp;&nbsp;&nbsp;11021411 |
| &nbsp;&nbsp;&nbsp;First Watch Restaurant Group, Inc.<sup>\*,1</sup> | 535625 | &nbsp;&nbsp;&nbsp;&nbsp;5613350 |
| &nbsp;&nbsp;&nbsp;Grand Canyon Education, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;48396 | &nbsp;&nbsp;&nbsp;&nbsp;8228772 |
| &nbsp;&nbsp;&nbsp;La-Z-Boy, Inc. | &nbsp;&nbsp;&nbsp;101915 | &nbsp;&nbsp;&nbsp;&nbsp;3275548 |
| &nbsp;&nbsp;&nbsp;Oxford Industries, Inc.<sup>1</sup> | &nbsp;&nbsp;&nbsp;67542 | &nbsp;&nbsp;&nbsp;&nbsp;2601042 |
| &nbsp;&nbsp;&nbsp;Patrick Industries, Inc. | &nbsp;&nbsp;&nbsp;84948 | &nbsp;&nbsp;&nbsp;&nbsp;9435174 |
| &nbsp;&nbsp;&nbsp;Revolve Group, Inc.<sup>\*</sup> | &nbsp;&nbsp;107486 | &nbsp;&nbsp;&nbsp;&nbsp;2430258 |
| &nbsp;&nbsp;&nbsp;Shake Shack, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;&nbsp;43195 | &nbsp;&nbsp;&nbsp;&nbsp;3821462 |
| &nbsp;&nbsp;&nbsp;Texas Roadhouse, Inc. | &nbsp;&nbsp;&nbsp;40961 | &nbsp;&nbsp;&nbsp;&nbsp;6764300 |
| &nbsp;&nbsp;&nbsp;Tri Pointe Homes, Inc.<sup>\*</sup> | &nbsp;&nbsp;104517 | &nbsp;&nbsp;&nbsp;&nbsp;4884079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;&nbsp;68868257 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Central Garden & Pet Co., Class A<sup>\*</sup> | 259440 | &nbsp;&nbsp;&nbsp;&nbsp;8411045 |
| &nbsp;&nbsp;&nbsp;Utz Brands, Inc. | &nbsp;&nbsp;417462 | &nbsp;&nbsp;&nbsp;&nbsp;3306299 |
| &nbsp;&nbsp;&nbsp;The Vita Coco Co., Inc.<sup>\*</sup> | &nbsp;&nbsp;145543 | &nbsp;&nbsp;&nbsp;&nbsp;6972965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;18690309 |
| &nbsp;&nbsp;&nbsp;**Energy - 6.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Chord Energy Corp. | &nbsp;&nbsp;&nbsp;53870 | &nbsp;&nbsp;&nbsp;&nbsp;7659237 |
| &nbsp;&nbsp;&nbsp;Gulfport Energy Corp.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;30138 | &nbsp;&nbsp;&nbsp;&nbsp;6376297 |
| &nbsp;&nbsp;&nbsp;Magnolia Oil & Gas Corp., Class A | 283494 | &nbsp;&nbsp;&nbsp;&nbsp;8949905 |
| &nbsp;&nbsp;&nbsp;Matador Resources Co. | 160805 | &nbsp;&nbsp;&nbsp;&nbsp;10159660 |
| &nbsp;&nbsp;&nbsp;Solaris Energy Infrastructure, Inc.<sup>1</sup> | &nbsp;&nbsp;166395 | &nbsp;&nbsp;&nbsp;&nbsp;9402981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Energy |  | &nbsp;&nbsp;42548080 |
| &nbsp;&nbsp;&nbsp;**Financials - 15.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Ameris Bancorp | &nbsp;&nbsp;116879 | &nbsp;&nbsp;&nbsp;&nbsp;9115393 |
| &nbsp;&nbsp;&nbsp;Cathay General Bancorp | &nbsp;&nbsp;164258 | &nbsp;&nbsp;&nbsp;&nbsp;8189904 |
| &nbsp;&nbsp;&nbsp;Cohen & Steers, Inc. | &nbsp;&nbsp;95995 | &nbsp;&nbsp;&nbsp;&nbsp;6004487 |
| &nbsp;&nbsp;&nbsp;FB Financial Corp. | &nbsp;&nbsp;&nbsp;99253 | &nbsp;&nbsp;&nbsp;&nbsp;5155201 |
| &nbsp;&nbsp;&nbsp;Glacier Bancorp, Inc. | &nbsp;&nbsp;&nbsp;114257 | &nbsp;&nbsp;&nbsp;&nbsp;5103860 |
| &nbsp;&nbsp;&nbsp;Horace Mann Educators Corp. | &nbsp;&nbsp;157343 | &nbsp;&nbsp;&nbsp;&nbsp;6715399 |
| &nbsp;&nbsp;&nbsp;Houlihan Lokey, Inc. | &nbsp;&nbsp;&nbsp;57549 | &nbsp;&nbsp;&nbsp;&nbsp;8265187 |
| &nbsp;&nbsp;&nbsp;Independent Bank Corp. | &nbsp;&nbsp;&nbsp;80251 | &nbsp;&nbsp;&nbsp;&nbsp;6035678 |
| &nbsp;&nbsp;&nbsp;OceanFirst Financial Corp. | &nbsp;&nbsp;305677 | &nbsp;&nbsp;&nbsp;&nbsp;5514413 |
| &nbsp;&nbsp;&nbsp;Perella Weinberg Partners | 288984 | &nbsp;&nbsp;&nbsp;&nbsp;5247950 |
| &nbsp;&nbsp;&nbsp;Seacoast Banking Corp. of Florida | 290567 | &nbsp;&nbsp;&nbsp;&nbsp;8801275 |
| &nbsp;&nbsp;&nbsp;Skyward Specialty Insurance Group, Inc.<sup>\*</sup> | &nbsp;&nbsp;133362 | &nbsp;&nbsp;&nbsp;&nbsp;5825252 |
| &nbsp;&nbsp;&nbsp;Stifel Financial Corp. | &nbsp;&nbsp;125602 | &nbsp;&nbsp;&nbsp;&nbsp;9284500 |
| &nbsp;&nbsp;&nbsp;Texas Capital Bancshares, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;60159 | &nbsp;&nbsp;&nbsp;&nbsp;5707886 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;UMB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;70715 | &nbsp;&nbsp;&nbsp;&nbsp;$7975945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Financials |  | &nbsp;&nbsp;102942330 |
| &nbsp;&nbsp;&nbsp;**Health Care - 18.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Agios Pharmaceuticals, Inc.<sup>\*</sup> | &nbsp;&nbsp;199507 | &nbsp;&nbsp;&nbsp;&nbsp;6749322 |
| &nbsp;&nbsp;&nbsp;Arcutis Biotherapeutics, Inc.<sup>\*</sup> | 230038 | &nbsp;&nbsp;&nbsp;&nbsp;5419695 |
| &nbsp;&nbsp;&nbsp;Artivion, Inc.<sup>\*</sup> | &nbsp;&nbsp;169886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6221225 |
| &nbsp;&nbsp;&nbsp;AtriCure, Inc.<sup>\*</sup> | 208040 | &nbsp;&nbsp;&nbsp;&nbsp;5935381 |
| &nbsp;&nbsp;&nbsp;Azenta, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;176129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3721606 |
| &nbsp;&nbsp;&nbsp;BioCryst Pharmaceuticals, Inc.<sup>\*</sup> | &nbsp;&nbsp;698156 | &nbsp;&nbsp;&nbsp;&nbsp;6646445 |
| &nbsp;&nbsp;&nbsp;Bridgebio Pharma, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;101329 | &nbsp;&nbsp;&nbsp;&nbsp;7524692 |
| &nbsp;&nbsp;&nbsp;Crinetics Pharmaceuticals, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;131466 | &nbsp;&nbsp;&nbsp;&nbsp;4774845 |
| &nbsp;&nbsp;&nbsp;Cytokinetics, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;71334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4701624 |
| &nbsp;&nbsp;&nbsp;Globus Medical, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;126868 | &nbsp;&nbsp;&nbsp;&nbsp;10930947 |
| &nbsp;&nbsp;&nbsp;Halozyme Therapeutics, Inc.<sup>\*</sup> | &nbsp;&nbsp;129684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8381477 |
| &nbsp;&nbsp;&nbsp;HealthEquity, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;80970 | &nbsp;&nbsp;&nbsp;&nbsp;6766663 |
| &nbsp;&nbsp;&nbsp;Ligand Pharmaceuticals, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;32617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6511984 |
| &nbsp;&nbsp;&nbsp;NeoGenomics, Inc.<sup>\*</sup> | 404907 | &nbsp;&nbsp;&nbsp;&nbsp;3004410 |
| &nbsp;&nbsp;&nbsp;Phreesia, Inc.<sup>\*</sup> | 294882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2471111 |
| &nbsp;&nbsp;&nbsp;Supernus Pharmaceuticals, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;227137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11740712 |
| &nbsp;&nbsp;&nbsp;Tandem Diabetes Care, Inc.<sup>\*</sup> | 263924 | &nbsp;&nbsp;&nbsp;&nbsp;5059423 |
| &nbsp;&nbsp;&nbsp;Ultragenyx Pharmaceutical, Inc.<sup>\*</sup> | &nbsp;&nbsp;220347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4616270 |
| &nbsp;&nbsp;&nbsp;US Physical Therapy, Inc. | &nbsp;&nbsp;&nbsp;84415 | &nbsp;&nbsp;&nbsp;&nbsp;6327748 |
| &nbsp;&nbsp;&nbsp;Veracyte, Inc.<sup>\*</sup> | 265929 | &nbsp;&nbsp;&nbsp;&nbsp;8565573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;&nbsp;&nbsp;126071153 |
| &nbsp;&nbsp;&nbsp;**Industrials - 20.6%** |  |  |
| &nbsp;&nbsp;&nbsp;AeroVironment, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;21356 | &nbsp;&nbsp;&nbsp;&nbsp;3909216 |
| &nbsp;&nbsp;&nbsp;Cadre Holdings, Inc. | &nbsp;&nbsp;257596 | &nbsp;&nbsp;&nbsp;&nbsp;7903045 |
| &nbsp;&nbsp;&nbsp;CBIZ, Inc.<sup>\*</sup> | &nbsp;&nbsp;137290 | &nbsp;&nbsp;&nbsp;&nbsp;3686237 |
| &nbsp;&nbsp;&nbsp;CSW Industrials, Inc.<sup>1</sup> | &nbsp;&nbsp;&nbsp;32927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8580118 |
| &nbsp;&nbsp;&nbsp;Ducommun, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;75277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9183794 |
| &nbsp;&nbsp;&nbsp;Enerpac Tool Group Corp. | 207508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7567817 |
| &nbsp;&nbsp;&nbsp;Federal Signal Corp. | &nbsp;&nbsp;&nbsp;61336 | &nbsp;&nbsp;&nbsp;&nbsp;6632875 |
| &nbsp;&nbsp;&nbsp;Gates Industrial Corp. PLC<sup>\*</sup> | &nbsp;&nbsp;238761 | &nbsp;&nbsp;&nbsp;&nbsp;5398386 |
| &nbsp;&nbsp;&nbsp;Hillman Solutions Corp.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;641741 | &nbsp;&nbsp;&nbsp;&nbsp;5339285 |
| &nbsp;&nbsp;&nbsp;ITT, Inc. | &nbsp;&nbsp;&nbsp;63013 | &nbsp;&nbsp;&nbsp;&nbsp;12005867 |
| &nbsp;&nbsp;&nbsp;Legence Corp., Class A<sup>\*,1</sup> | &nbsp;&nbsp;141465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7987114 |
| &nbsp;&nbsp;&nbsp;Primoris Services Corp. | &nbsp;&nbsp;&nbsp;46029 | &nbsp;&nbsp;&nbsp;&nbsp;6583988 |
| &nbsp;&nbsp;&nbsp;RBC Bearings, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;26629 | &nbsp;&nbsp;&nbsp;&nbsp;14462742 |
| &nbsp;&nbsp;&nbsp;SPX Technologies, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;67222 | &nbsp;&nbsp;&nbsp;&nbsp;13440367 |
| &nbsp;&nbsp;&nbsp;Sterling Infrastructure, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;35724 | &nbsp;&nbsp;&nbsp;&nbsp;14549313 |
| &nbsp;&nbsp;&nbsp;Thermon Group Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;126852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6393341 |
| &nbsp;&nbsp;&nbsp;UFP Industries, Inc. | &nbsp;&nbsp;&nbsp;56129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5170603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;&nbsp;138794108 |

---

------

AMG GW&K Small Cap Core Fund

Schedule of Portfolio Investments *(continued)*

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Information Technology - 14.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Advanced Energy Industries, Inc. | &nbsp;&nbsp;&nbsp;47870 | &nbsp;&nbsp;&nbsp;&nbsp;$15448128 |
| &nbsp;&nbsp;&nbsp;Alkami Technology, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;283512 | &nbsp;&nbsp;&nbsp;&nbsp;4442633 |
| &nbsp;&nbsp;&nbsp;Allegro MicroSystems, Inc.<sup>\*</sup> | &nbsp;&nbsp;185298 | &nbsp;&nbsp;&nbsp;&nbsp;5842446 |
| &nbsp;&nbsp;&nbsp;Appfolio, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;&nbsp;29386 | &nbsp;&nbsp;&nbsp;&nbsp;4637699 |
| &nbsp;&nbsp;&nbsp;Commvault Systems, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;51147 | &nbsp;&nbsp;&nbsp;&nbsp;3983840 |
| &nbsp;&nbsp;&nbsp;Credo Technology Group Holding, Ltd.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;34303 | &nbsp;&nbsp;&nbsp;&nbsp;3220023 |
| &nbsp;&nbsp;&nbsp;The Descartes Systems Group, Inc. (Canada)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;38131 | &nbsp;&nbsp;&nbsp;&nbsp;2728654 |
| &nbsp;&nbsp;&nbsp;Fabrinet (Thailand)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;9476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4941923 |
| &nbsp;&nbsp;&nbsp;Intapp, Inc.<sup>\*</sup> | &nbsp;&nbsp;212833 | &nbsp;&nbsp;&nbsp;&nbsp;5467680 |
| &nbsp;&nbsp;&nbsp;MACOM Technology Solutions Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;62599 | &nbsp;&nbsp;&nbsp;&nbsp;13901360 |
| &nbsp;&nbsp;&nbsp;Novanta, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;77959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9207737 |
| &nbsp;&nbsp;&nbsp;Semtech Corp.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;110727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8513799 |
| &nbsp;&nbsp;&nbsp;Viavi Solutions, Inc.<sup>\*</sup> | &nbsp;&nbsp;355081 | &nbsp;&nbsp;&nbsp;&nbsp;11817096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Information Technology |  | &nbsp;&nbsp;&nbsp;&nbsp;94153018 |
| &nbsp;&nbsp;&nbsp;**Materials - 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Avient Corp. | 255850 | &nbsp;&nbsp;&nbsp;&nbsp;9287355 |
| &nbsp;&nbsp;&nbsp;Balchem Corp. | &nbsp;&nbsp;&nbsp;49196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8337738 |
| &nbsp;&nbsp;&nbsp;Minerals Technologies, Inc. | &nbsp;&nbsp;&nbsp;87222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6185784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Materials |  | &nbsp;&nbsp;&nbsp;&nbsp;23810877 |
| &nbsp;&nbsp;&nbsp;**Real Estate - 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Independence Realty Trust, Inc., REIT | &nbsp;&nbsp;378419 | &nbsp;&nbsp;&nbsp;&nbsp;5634659 |
| &nbsp;&nbsp;&nbsp;National Health Investors, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp;91577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7404916 |
| &nbsp;&nbsp;&nbsp;Ryman Hospitality Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;85651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7903018 |
| &nbsp;&nbsp;&nbsp;STAG Industrial, Inc., REIT | 266972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9627010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Real Estate |  | &nbsp;&nbsp;&nbsp;30569603 |
| &nbsp;&nbsp;&nbsp;**Utilities - 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;IDACORP, Inc. | &nbsp;&nbsp;&nbsp;55918 | &nbsp;&nbsp;&nbsp;&nbsp;7994596 |
| &nbsp;&nbsp;&nbsp;Northwestern Energy Group, Inc. | &nbsp;&nbsp;146457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9657375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Utilities |  | &nbsp;&nbsp;&nbsp;&nbsp;17651971 |
| **Total Common Stocks<br> (Cost $497,038,781)** |  | &nbsp;&nbsp;664099706 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| **Short-Term Investments - 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;**Joint Repurchase Agreements - 0.8%<sup>2</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC, dated 03/31/26, due 04/01/26, 3.730% total to be received $3,914,406 (collateralized by various U.S. Treasuries, 0.000% - 5.375%, 04/15/26 - 02/15/56, totaling $3,992,694) | $3914000 | &nbsp;&nbsp;&nbsp;&nbsp;$3914000 |
| &nbsp;&nbsp;&nbsp;National Bank Financial, Inc., dated 03/31/26, due 04/01/26, 3.710% total to be received $345,390 (collateralized by various U.S. Treasuries, 0.000% - 4.625%, 04/01/26, totaling $352,261) | &nbsp;&nbsp;&nbsp;&nbsp;345354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345354 |
| &nbsp;&nbsp;&nbsp;State of Wisconsin Investment Board, dated 03/31/26, due 04/01/26, 3.780% total to be received $1,481,165 (collateralized by various U.S. Treasuries, 0.125% - 3.875%, 04/15/28 - 02/15/56, totaling $1,508,263) | &nbsp;&nbsp;&nbsp;1481009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1481009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Joint Repurchase Agreements |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5740363 |
| &nbsp;&nbsp;&nbsp;**Repurchase Agreements - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Income Clearing Corp., dated 03/31/26, due 04/01/26, 3.350% total to be received $9,823,914 (collateralized by a U.S. Treasury Note, 1.375%, 11/15/31, totaling $10,019,515) | &nbsp;&nbsp;9823000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9823000 |
| **Total Short-Term Investments<br> (Cost $15,563,363)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15563363 |
| **Total Investments - 100.9%<br> (Cost $512,602,144)** |  | &nbsp;&nbsp;&nbsp;&nbsp; 679663069 |
| **Other Assets, less Liabilities - (0.9)%** |  | &nbsp;&nbsp;&nbsp;&nbsp; (5944896) |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$673718173** |

---

------

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

<sup>1</sup> Some of these securities, amounting to $33,987,910 or 5.0% of net assets, were out on loan to various borrowers and are collateralized by cash and various U.S. Treasury Obligations. See below for more information.

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

REIT Real Estate Investment Trust

------

AMG GW&K Small Cap Core Fund

Schedule of Portfolio Investments *(continued)*

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &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<sup>†</sup>** | &nbsp;&nbsp; $664099706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $664099706 |
| &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joint Repurchase Agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; $5740363 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5740363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repurchase Agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9823000 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9823000 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;$664099706 | &nbsp;&nbsp;$15563363 | &nbsp;&nbsp;— | &nbsp;&nbsp;$679663069 |

---

<br> <sup>†</sup> All common stocks held in the Fund are Level 1 securities. For a detailed breakout of common stocks by major industry classification, please refer to the Fund's Schedule of Portfolio Investments.

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

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

---

| | | | |
|:---|:---|:---|:---|
| **Securities<br> Loaned** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cash<br> Collateral<br> Received** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Securities<br> Collateral<br> Received** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total<br> Collateral<br> Received** |
| $33987910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5740363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $27917025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $33657388 |

---

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

---

| | | |
|:---|:---|:---|
| **Collateral<br> Type** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Coupon<br> Range** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Maturity<br> Date Range** |
| U.S. Treasury Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.000%-4.875% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05/15/26-02/15/56 |

---

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

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

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

- **a. Name of Series:** AMG GW&K Small Cap Core Fund

- **b. EDGAR series identifier (if any):** S000023782

- **c. LEI of Series:** 5493001178XREBUBAW34

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $680308554.31

**Total Liabilities:** $6333659.93

**Net Assets:** $673974894.38

**Cash Not Reported:** $881.76

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069911 | 3.86%                | 2.24%                | -5.68%               |
| Class ID C000069910 | 3.82%                | 2.20%                | -5.72%               |
| Class ID C000180070 | 3.85%                | 2.23%                | -5.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9977122.76              | $17391967.70                               |
| Month 2  | $3071396.26              | $13209775.07                               |
| Month 3  | $11074224.62             | $-52184400.17                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC | MACOM Technology Solutions Holdings Inc. COM       | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62599 | NS      | $13901359.93  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                        | Cytokinetics Inc COM NEW                           | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     71334 | NS      | $4701623.94   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceuticals Inc          | Ultragenyx Pharmaceuticals Inc COM                 | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |    220347 | NS      | $4616269.65   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc.                               | CBIZ Inc. COM                                      | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |    137290 | NS      | $3686236.50   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION HOMES INC                      | Champion Homes Inc. COM                            | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    148197 | NS      | $11021410.89  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                    | Tri Pointe Homes Inc COM                           | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104517 | NS      | $4884079.41   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| GULFPORT ENERGY CORP                    | Gulfport Energy Operating Corp. COMMON SHARES      | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |     30138 | NS      | $6376296.66   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc.              | Minerals Technologies Inc. COM                     | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     87222 | NS      | $6185784.24   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                     | Texas Roadhouse Inc COM                            | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     40961 | NS      | $6764299.54   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.                  | Alkami Technology Inc. COM                         | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |    283512 | NS      | $4442633.04   | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Healthequity Inc                        | Healthequity Inc COM                               | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     80970 | NS      | $6766662.90   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corporation                      | Avient Corporation COM                             | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    255850 | NS      | $9287355.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| The Vita Coco Company Inc               | The Vita Coco Company Inc COM                      | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |    145543 | NS      | $6972965.13   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Incorporated     | Ligand Pharmaceuticals Incorporated COM NEW        | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |     32617 | NS      | $6511984.05   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                          | Ameris Bancorp COM                                 | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |    116879 | NS      | $9115393.21   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corporation       | Horace Mann Educators Corporation COM              | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |    157343 | NS      | $6715399.24   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                             | Novanta Inc COM                                    | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Long             | EC               | CORP              | CA        |     77959 | NS      | $9207737.49   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care Inc                | Tandem Diabetes Care Inc COM NEW                   | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |    263924 | NS      | $5059423.08   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc               | Agios Pharmaceuticals Inc COM                      | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |    199507 | NS      | $6749321.81   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group, Inc.           | Asbury Automotive Group, Inc. COM                  | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     26607 | NS      | $5199273.87   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| OCEANFIRST FINANCIAL CORP               | OceanFirst Financial Corp. COM                     | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    305677 | NS      | $5514413.08   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGENCE CORP                            | Legence Corp. CL A                                 | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141465 | NS      | $7987113.90   | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| US Physical Therapy Inc                 | US Physical Therapy Inc COM                        | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |     84415 | NS      | $6327748.40   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BANK FINANCIAL INC.            | NATIONAL BANK FINANCIAL INC                        | CUSIP: 000000000<br>LEI: 549300D83GR71RNG0O65 | Long             | RA               | CORP              | US        |    345354 | PA      | $345354.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryman Hospitality Properties Inc        | Ryman Hospitality Properties Inc COM               | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     85651 | NS      | $7903017.77   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                     | Viavi Solutions Inc COM                            | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    355081 | NS      | $11817095.68  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                              | Azenta Inc COM                                     | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |    176129 | NS      | $3721605.77   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| CSW Industrials Inc.                    | CSW Industrials Inc. COM                           | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     32927 | NS      | $8580117.66   | 1.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Enerpac Tool Group Corp                 | Enerpac Tool Group Corp CL A COM                   | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |    207508 | NS      | $7567816.76   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolve Group Inc                       | Revolve Group Inc CL A                             | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107486 | NS      | $2430258.46   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                            | Phreesia Inc COM                                   | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |    294882 | NS      | $2471111.16   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc.            | Descartes Systems Group Inc. COM                   | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     38131 | NS      | $2728654.36   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Atricure Inc                            | Atricure Inc COM                                   | CUSIP: 04963C209<br>LEI: 254900B2I6GPHK2EXM59 | Long             | EC               | CORP              | US        |    208040 | NS      | $5935381.20   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                | Allegro MicroSystems Inc COM                       | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    185298 | NS      | $5842445.94   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.                 | Primoris Services Corp. COM                        | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     46029 | NS      | $6583988.16   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen And Steers Inc.                   | Cohen And Steers Inc. COM                          | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |     95995 | NS      | $6004487.25   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc               | Halozyme Therapeutics Inc COM                      | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    129684 | NS      | $8381476.92   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                   | STAG Industrial, Inc. COM                          | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    266972 | NS      | $9627010.32   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BioCryst Pharmaceuticals Inc.           | BioCryst Pharmaceuticals Inc. COM                  | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |    698156 | NS      | $6646445.12   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogenomics Inc                         | Neogenomics Inc COM NEW                            | CUSIP: 64049M209<br>LEI: 549300KN62PPGHBVXB46 | Long             | EC               | CORP              | US        |    404907 | NS      | $3004409.94   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNOLIA OIL & GAS CORP                 | Magnolia Oil & Gas Corporation CL A                | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    283494 | NS      | $8949905.58   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc           | Supernus Pharmaceuticals, Inc COM                  | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |    227137 | NS      | $11740711.53  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                    | Federal Signal Corp. COM                           | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     61336 | NS      | $6632875.04   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE OF WISCONSIN INVESTMENT BOARD     | STATE OF WISCONSIN INVESTMENT BOARD                | CUSIP: 000000000<br>LEI: VY0GIYI3352UC4XOP168 | Long             | RA               | CORP              | US        |   1481009 | PA      | $1481009.00   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Capital Bancshares, Inc.          | Texas Capital Bancshares, Inc. COM                 | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     60159 | NS      | $5707885.92   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc           | Independence Realty Trust Inc COM                  | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    378419 | NS      | $5634658.91   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners               | Perella Weinberg Partners CLASS A COM              | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    288984 | NS      | $5247949.44   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                            | La-Z-Boy Inc COM                                   | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |    101915 | NS      | $3275548.10   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                    | Glacier Bancorp Inc. COM                           | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    114257 | NS      | $5103860.19   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd      | Credo Technology Group Holding Ltd ORDINARY SHARES | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     34303 | NS      | $3220022.61   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                            | Balchem Corp COM                                   | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |     49196 | NS      | $8337738.08   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC               | Gates Industrial Corp PLC COM USD0.01              | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    238761 | NS      | $5398386.21   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CITADEL SECURITIES LLC                  | CITADEL SECURITIES LLC                             | CUSIP: 000000000<br>LEI: 12UUJYTN7D3SW8KCSG25 | Long             | RA               | CORP              | US        |   3914000 | PA      | $3914000.00   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| First Watch Restaurant Group Inc        | First Watch Restaurant Group Inc COM               | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    535625 | NS      | $5613350.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| Cathay General Bancorp                  | Cathay General Bancorp COM                         | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |    164258 | NS      | $8189903.88   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp Inc                              | Intapp Inc COM                                     | CUSIP: 45827U109<br>LEI: 529900NMU89HO9PL5020 | Long             | EC               | CORP              | US        |    212833 | NS      | $5467679.77   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                | Fabrinet COM USD0.01                               | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      9476 | NS      | $4941923.52   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                            | Veracyte Inc COM                                   | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |    265929 | NS      | $8565573.09   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc       | Solaris Energy Infrastructure Inc COM CL A         | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |    166395 | NS      | $9402981.45   | 1.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Thermon Group Holdings Inc              | Thermon Group Holdings Inc COM                     | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |    126852 | NS      | $6393340.80   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                          | Globus Med Inc CL A                                | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |    126868 | NS      | $10930946.88  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation            | Stifel Financial Corporation COM                   | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    125602 | NS      | $9284499.84   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                      | UFP Industries Inc COM                             | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     56129 | NS      | $5170603.48   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp                  | Hillman Solutions Corp COM                         | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    641741 | NS      | $5339285.12   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                        | RBC Bearings Inc COM                               | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26629 | NS      | $14462742.48  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc.          | Crinetics Pharmaceuticals Inc. COM                 | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |    131466 | NS      | $4774845.12   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Independent Bank Corp.                  | Independent Bank Corp. COM                         | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     80251 | NS      | $6035677.71   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries, Inc.                 | Oxford Industries, Inc. COM                        | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     67542 | NS      | $2601042.42   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Sterling Infrastructure Inc             | Sterling Infrastructure Inc COM                    | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     35724 | NS      | $14549313.48  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                     | Houlihan Lokey Inc. CL A                           | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     57549 | NS      | $8265187.38   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company               | Matador Resources Company COM                      | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    160805 | NS      | $10159659.90  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                    | Bridgebio Pharma Inc COM                           | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    101329 | NS      | $7524691.54   | 1.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Skyward Specialty Insurance Group Inc   | Skyward Specialty Insurance Group Inc COM          | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |    133362 | NS      | $5825252.16   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Company            | Central Garden & Pet Company CL A NON-VTG          | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |    259440 | NS      | $8411044.80   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.                     | AeroVironment, Inc. COM                            | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     21356 | NS      | $3909215.80   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Cadre Holdings Inc.                     | Cadre Holdings Inc. COM                            | CUSIP: 12763L105<br>LEI: 2549006IKQEWJ8M7CB97 | Long             | EC               | CORP              | US        |    257596 | NS      | $7903045.28   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                            | Artivion Inc COM                                   | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |    169886 | NS      | $6221225.32   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCUTIS BIOTHERAPEUTICS INC             | Arcutis Biotherapeutics Inc. COM                   | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    230038 | NS      | $5419695.28   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Energy Group Inc           | NorthWestern Energy Group Inc COM NEW              | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    146457 | NS      | $9657374.58   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                     | Semtech Corporation COM                            | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |    110727 | NS      | $8513799.03   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc              | Grand Canyon Education Inc COM                     | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     48396 | NS      | $8228771.88   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                         | Shake Shack Inc CL A                               | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |     43195 | NS      | $3821461.65   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                  | Boot Barn Holdings Inc COM                         | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     38218 | NS      | $5593586.48   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.        | Advanced Energy Industries, Inc. COM               | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     47870 | NS      | $15448127.70  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX TECHNOLOGIES INC                    | SPX Technologies, Inc. COM                         | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67222 | NS      | $13440366.68  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                 | Patrick Industries Inc. COM                        | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     84948 | NS      | $9435174.36   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                 | ITT Inc COM                                        | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     63013 | NS      | $12005866.89  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc.                         | Utz Brands Inc. COM CL A                           | CUSIP: 918090101<br>LEI: 5299009BHBU2NH5HRN16 | Long             | EC               | CORP              | US        |    417462 | NS      | $3306299.04   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Incorporated                   | Ducommun Incorporated COM                          | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     75277 | NS      | $9183794.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc.                  | Commvault Systems Inc. COM                         | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     51147 | NS      | $3983839.83   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                     | UMB Financial Corp. COM                            | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     70715 | NS      | $7975944.85   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                             | Idacorp Inc COM                                    | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     55918 | NS      | $7994596.46   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                      | Chord Energy Corp. COM NEW                         | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     53870 | NS      | $7659236.60   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FIXED INCOME CLEARING CORPORATION       | FICC                                               | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   9823000 | PA      | $9823000.00   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Seacoast Banking Corporation Of Florida | Seacoast Banking Corporation Of Florida COM NEW    | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    290567 | NS      | $8801274.43   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp.                      | FB Financial Corp. COM                             | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     99253 | NS      | $5155200.82   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors, Inc.         | National Health Investors, Inc. COM                | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     91577 | NS      | $7404916.22   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AppFolio Inc.                           | AppFolio Inc. COM CL A                             | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     29386 | NS      | $4637698.52   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer