# EDGAR Filing Document

**Accession Number:** 0000720309
**File Stem:** 0001752724-25-176240
**Filing Date:** 2025-7
**Character Count:** 27625
**Document Hash:** e539e9ff059d0e16419d6afd6cff9362
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-176240.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-176240

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMG FUNDS III
- **CENTRAL INDEX KEY:** 0000720309

**ORGANIZATION NAME:**
- **EIN:** 222528211
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03752
- **FILM NUMBER:** 251145721

**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 FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGEMENT OF MANAGERS GROUP OF FUNDS
- **DATE OF NAME CHANGE:** 19910429

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGEMENT OF MANAGERS CAPITAL APPRECIATION FUND
- **DATE OF NAME CHANGE:** 19881214

## Series and Classes Contracts Data

### AMG GW&K International Small Cap Fund (Series ID: S000029672)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000091187 | Class N      | MECAX           |
| C000091188 | Class I      | MECIX           |
| C000188985 | Class Z      | MECZX           |

## 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 III

- **b. Investment Company Act file number:** 811-03752

- **c. CIK number of Registrant:** 0000720309

- **d. LEI of Registrant:** 5493007NETBE5Y5V1962

- **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 International Small Cap Fund

- **b. EDGAR series identifier (if any):** S000029672

- **c. LEI of Series:** 549300WS5AD3OPLVWO83

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

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-30

**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:** $39782593.31

**Total Liabilities:** $972651.06

**Net Assets:** $38809942.25

**Cash Not Reported:** $43334.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000091187 | -1.34%               | 5.41%                | 4.82%                |
| Class ID C000091188 | -1.32%               | 5.43%                | 4.83%                |
| Class ID C000188985 | -1.32%               | 5.44%                | 4.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-706813.52              | $192791.97                                 |
| Month 2  | $-165178.97              | $2013391.28                                |
| Month 3  | $213992.87               | $1364615.91                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Integral Corp                     | Integral Corp                         | CUSIP: 000000000<br>LEI: 254900LBW5E2GUM0UK59 | Long             | EC               | CORP              | JP        |     23900 | NS      | $445721.86    | 1.15%             |  |  |  | No            |                  2 | On Loan: —       |
| Coface SA                         | Coface SA                             | CUSIP: 000000000<br>LEI: 96950025N07LTJYFSN57 | Long             | EC               | CORP              | FR        |     24972 | NS      | $467132.23    | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| IPSOS SA                          | IPSOS SA                              | CUSIP: 000000000<br>LEI: 9695002OY2X35E9X8W87 | Long             | EC               | CORP              | FR        |      7998 | NS      | $408030.85    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinnihon Corp                    | Shinnihon Corp                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     53000 | NS      | $596544.31    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Hearts Holdings Co Ltd    | Digital Hearts Holdings Co Ltd        | CUSIP: 000000000<br>LEI: 353800YFGI3U64VW0H08 | Long             | EC               | CORP              | JP        |     49975 | NS      | $320968.58    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Safestore Holdings PLC            | Safestore Holdings PLC                | CUSIP: 000000000<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               | CORP              | GB        |     43260 | NS      | $383268.32    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS (SUISSE) SA           | BNP PARIBAS SA                        | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | Long             | RA               | CORP              | US        |    831861 | PA      | $831861.00    | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Stock Ltd                     | Max Stock Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    168982 | NS      | $703895.81    | 1.81%             |  |  |  | No            |                  2 | On Loan: —       |
| Richelieu Hardware Ltd            | Richelieu Hardware Ltd                | CUSIP: 76329W103<br>LEI: 5493007VPNETW465DN04 | Long             | EC               | CORP              | CA        |     18950 | NS      | $477495.54    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Becle SAB de CV                   | Becle SAB de CV                       | CUSIP: 000000000<br>LEI: 529900JY55CZKMJLCE09 | Long             | EC               | CORP              | MX        |    415050 | NS      | $499446.64    | 1.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Siegfried Holding AG              | Siegfried Holding AG                  | CUSIP: 000000000<br>LEI: 506700J9QD6IF3937W06 | Long             | EC               | CORP              | CH        |      3900 | NS      | $458358.77    | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Clarkson PLC                      | Clarkson PLC                          | CUSIP: 000000000<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |     12636 | NS      | $567815.19    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Marshalls PLC                     | Marshalls PLC                         | CUSIP: 000000000<br>LEI: 213800S21IFC367J5V62 | Long             | EC               | CORP              | GB        |    114720 | NS      | $432017.54    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cairn Homes PLC                   | Cairn Homes PLC                       | CUSIP: 000000000<br>LEI: 635400DPX6WP2KKDOA83 | Long             | EC               | CORP              | IE        |    282793 | NS      | $700283.72    | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Ten Pao Group Holdings Ltd        | Ten Pao Group Holdings Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    124700 | NS      | $24288.76     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| FE CONSORT INTL                   | Far East Consortium International Ltd | CUSIP: 000000000<br>LEI: 54930031259IQB0EH527 | Long             | EC               | CORP              | HK        |   3031214 | NS      | $363441.83    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Volution Group PLC                | Volution Group PLC                    | CUSIP: 000000000<br>LEI: 213800EPT84EQCDHO768 | Long             | EC               | CORP              | GB        |     65295 | NS      | $535769.08    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Plus Group                  | Delta Plus Group                      | CUSIP: 000000000<br>LEI: 969500U6FT40W3C2CX75 | Long             | EC               | CORP              | FR        |      6059 | NS      | $361090.15    | 0.93%             |  |  |  | No            |                  2 | On Loan: —       |
| Games Workshop Group PLC          | Games Workshop Group PLC              | CUSIP: 000000000<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |      2551 | NS      | $527073.59    | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Vistry Group PLC                  | Vistry Group PLC                      | CUSIP: 000000000<br>LEI: 2138001KOWN7CG9SLK53 | Long             | EC               | CORP              | GB        |     38603 | NS      | $327496.57    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Kusuri no Aoki Holdings Co Ltd    | Kusuri no Aoki Holdings Co Ltd        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     22725 | NS      | $556474.50    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Creek & River Co Ltd              | Creek & River Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     37600 | NS      | $389937.54    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Takuma Co Ltd                     | Takuma Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     38400 | NS      | $540740.82    | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| ULS Group Inc                     | ULS Group Inc                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14400 | NS      | $578974.14    | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Ai Holdings Corp                  | Ai Holdings Corp                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     30250 | NS      | $482654.90    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Herdez SAB de CV            | Grupo Herdez SAB de CV                | CUSIP: 000000000<br>LEI: 4469000001BQVIMOLQ55 | Long             | EC               | CORP              | MX        |    190738 | NS      | $531029.70    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bolsa Mexicana de Valores SAB     | Bolsa Mexicana de Valores SAB de CV   | CUSIP: 000000000<br>LEI: 894500CS2D6RLGW61A19 | Long             | EC               | CORP              | MX        |    229560 | NS      | $501940.59    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Nisso Holdings Co Ltd             | Nisso Holdings Co Ltd                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     74800 | NS      | $324971.84    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| FIXED INCOME CLEARING CORPORATION | FICC                                  | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |    580000 | PA      | $580000.00    | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsuzuki Denki Co Ltd              | Tsuzuki Denki Co Ltd                  | CUSIP: 000000000<br>LEI: 3538008A8ICJLVI54474 | Long             | EC               | CORP              | JP        |     29800 | NS      | $573854.77    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Omni Bridgeway Ltd                | Omni Bridgeway Ltd                    | CUSIP: 000000000<br>LEI: 529900T4EL2A89FPP865 | Long             | EC               | CORP              | AU        |    416044 | NS      | $410318.40    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Senshu Electric Co Ltd            | Senshu Electric Co Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28040 | NS      | $926251.67    | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite Group SA                | Samsonite Group SA                    | CUSIP: 000000000<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | US        |    207300 | NS      | $389580.87    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Haw Par Corp Ltd                  | Haw Par Corp Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     61900 | NS      | $566711.24    | 1.46%             |  |  |  | No            |                  2 | On Loan: —       |
| Inabata & Co Ltd                  | Inabata & Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     25700 | NS      | $564587.45    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| DMG Mori Co Ltd                   | DMG Mori Co Ltd                       | CUSIP: 000000000<br>LEI: 353800P4I3FIXTQV2E13 | Long             | EC               | CORP              | JP        |     34600 | NS      | $739317.15    | 1.90%             |  |  |  | No            |                  2 | On Loan: —       |
| Krones AG                         | Krones AG                             | CUSIP: 000000000<br>LEI: 529900NY2GSZWWUBW049 | Long             | EC               | CORP              | DE        |      3387 | NS      | $533487.44    | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Hosokawa Micron Corp              | Hosokawa Micron Corp                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15950 | NS      | $439067.63    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Vidrala SA                        | Vidrala SA                            | CUSIP: 000000000<br>LEI: 95980020140005399488 | Long             | EC               | CORP              | ES        |      6932 | NS      | $741970.17    | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Information Technologi    | Digital Information Technologies Corp | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     49446 | NS      | $852760.44    | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Huhtamaki Oyj                     | Huhtamaki Oyj                         | CUSIP: 000000000<br>LEI: 5493007050SJVMXN6L29 | Long             | EC               | CORP              | FI        |     15691 | NS      | $579495.91    | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Financial Ltd             | Phoenix Financial Ltd                 | CUSIP: 000000000<br>LEI: 254900IUA68QTCFYHE30 | Long             | EC               | CORP              | IL        |     28272 | NS      | $681605.03    | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Tel Aviv Stock Exchange Ltd       | Tel Aviv Stock Exchange Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     54985 | NS      | $906156.59    | 2.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC          | Howden Joinery Group PLC              | CUSIP: 000000000<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |     50285 | NS      | $583529.26    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Incap Oyj                         | Incap Oyj                             | CUSIP: 000000000<br>LEI: 7437004GENTTQHMNQ407 | Long             | EC               | CORP              | FI        |     41294 | NS      | $507339.28    | 1.31%             |  |  |  | No            |                  2 | On Loan: —       |
| Hammond Power Solutions Inc       | Hammond Power Solutions Inc           | CUSIP: 408549103<br>LEI: 549300OLI26OOKEG5V73 | Long             | EC               | CORP              | CA        |      5834 | NS      | $420986.64    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                | Garrett Motion Inc                    | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | CH        |     56160 | NS      | $595296.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadleaf Co Ltd                  | Broadleaf Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    125000 | NS      | $609002.08    | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Niterra Co Ltd                    | Niterra Co Ltd                        | CUSIP: 000000000<br>LEI: 549300RG3XQGTFM4HH31 | Long             | EC               | CORP              | JP        |     17600 | NS      | $565525.24    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| First Pacific Co Ltd              | First Pacific Co Ltd                  | CUSIP: 000000000<br>LEI: 254900VS1MDQSDM9DE09 | Long             | EC               | CORP              | HK        |   1009332 | NS      | $692934.85    | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| NFI Group Inc                     | NFI Group Inc                         | CUSIP: 62910L102<br>LEI: 549300VX6QRAVXOXZW59 | Long             | EC               | CORP              | CA        |     50569 | NS      | $574099.19    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Corticeira Amorim SGPS SA         | Corticeira Amorim SGPS SA             | CUSIP: 000000000<br>LEI: 213800J5M11TDEP3LQ76 | Long             | EC               | CORP              | PT        |     49473 | NS      | $434037.80    | 1.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Kitron ASA                        | Kitron ASA                            | CUSIP: 000000000<br>LEI: 5967007LIEEXZXIG6009 | Long             | EC               | CORP              | NO        |    192163 | NS      | $1109790.48   | 2.86%             |  |  |  | No            |                  2 | On Loan: No      |
| ADENTRA Inc                       | ADENTRA Inc                           | CUSIP: 00686A108<br>LEI: 254900S1MZ7WZBPR5U32 | Long             | EC               | CORP              | CA        |     25924 | NS      | $489256.82    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaga Electronics Co Ltd           | Kaga Electronics Co Ltd               | CUSIP: 000000000<br>LEI: 3538005V2HARHWLTPJ42 | Long             | EC               | CORP              | JP        |     21100 | NS      | $388509.12    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FRP Advisory Group PLC            | FRP Advisory Group PLC                | CUSIP: 000000000<br>LEI: 213800IPCG6DE1CVLY36 | Long             | EC               | CORP              | GB        |    267370 | NS      | $468313.26    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Macnica Holdings Inc              | Macnica Holdings Inc                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     30100 | NS      | $397870.02    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Rightmove PLC                     | Rightmove PLC                         | CUSIP: 000000000<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |     48486 | NS      | $488562.61    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| GVS SpA                           | GVS SpA                               | CUSIP: 000000000<br>LEI: 81560013EACB40B52D17 | Long             | EC               | CORP              | IT        |     68994 | NS      | $334187.74    | 0.86%             |  |  |  | No            |                  2 | On Loan: —       |
| Hill & Smith PLC                  | Hill & Smith PLC                      | CUSIP: 000000000<br>LEI: 2138003A3ISGQZBOWI83 | Long             | EC               | CORP              | GB        |     19361 | NS      | $482385.46    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Paradox Interactive AB            | Paradox Interactive AB                | CUSIP: 000000000<br>LEI: 529900QNSZUY53R5WW95 | Long             | EC               | CORP              | SE        |     22045 | NS      | $441500.16    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Gift Holdings Inc                 | Gift Holdings Inc                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     42274 | NS      | $1052673.19   | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Sarantis SA                       | Sarantis SA                           | CUSIP: 000000000<br>LEI: 21380078FJXYHFE8KP46 | Long             | EC               | CORP              | GR        |     54982 | NS      | $837215.84    | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Argo Graphics Inc                 | Argo Graphics Inc                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     16525 | NS      | $579872.63    | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| MIPS AB                           | MIPS AB                               | CUSIP: 000000000<br>LEI: 549300LZSA4S0L54VQ25 | Long             | EC               | CORP              | SE        |      7015 | NS      | $301023.28    | 0.78%             |  |  |  | No            |                  2 | On Loan: —       |
| Nippon Parking Development Co     | Nippon Parking Development Co Ltd     | CUSIP: 000000000<br>LEI: 353800OBX8MRKQA9PG73 | Long             | EC               | CORP              | JP        |    386275 | NS      | $653008.59    | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Yossix Holdings Co Ltd            | Yossix Holdings Co Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     29604 | NS      | $531345.56    | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Food Group PLC             | Hilton Food Group PLC                 | CUSIP: 000000000<br>LEI: 213800JY7VJFS2OOX355 | Long             | EC               | CORP              | GB        |     39040 | NS      | $457098.73    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamee Corp                        | Hamee Corp                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     61008 | NS      | $553138.19    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Nihon Falcom Corp                 | Nihon Falcom Corp                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     43925 | NS      | $355951.85    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| BFF Bank SpA                      | BFF Bank SpA                          | CUSIP: 000000000<br>LEI: 815600522538355AE429 | Long             | EC               | CORP              | IT        |     48859 | NS      | $504345.18    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Elopak ASA                        | Elopak ASA                            | CUSIP: 000000000<br>LEI: 529900BIDQN2AOKV6N08 | Long             | EC               | CORP              | NO        |    183151 | NS      | $802050.44    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Riverstone Holdings Ltd           | Riverstone Holdings Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    735700 | NS      | $389865.38    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-22

**Name of Applicant:** AMG Funds III

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer