# EDGAR Filing Document

**Accession Number:** 0000882443
**File Stem:** 0000940400-25-003011
**Filing Date:** 2025-9
**Character Count:** 91927
**Document Hash:** 0e3105425e4919f70295da675addf03c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-003011.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000940400-25-003011

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06520
- **FILM NUMBER:** 251353058

**BUSINESS ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 2032993500

**MAIL ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

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

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

## Series and Classes Contracts Data

### AMG GW&K Core Bond ESG Fund (Series ID: S000009914)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027427 | Class I      | MBDFX           |
| C000158522 | Class Z      | MBDLX           |
| C000158523 | Class N      | MBGVX           |

## Nport-Ex

AMG GW&K Core Bond ESG Fund

Schedule of Portfolio Investments *(unaudited)*

July 31, 2025

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| **Corporate Bonds and Notes - 42.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**Basic Materials - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Air Products and Chemicals, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.800%, 03/03/33 | $780000 | &nbsp;&nbsp;&nbsp;&nbsp;$782240 |
| &nbsp;&nbsp;&nbsp;Steel Dynamics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 08/15/34 | &nbsp;&nbsp;&nbsp;460000 | &nbsp;&nbsp;&nbsp;&nbsp;465727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Basic Materials |  | &nbsp;&nbsp;&nbsp;1247967 |
| &nbsp;&nbsp;&nbsp;**Communications - 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.650%, 02/01/28 | &nbsp;&nbsp;&nbsp;331000 | &nbsp;&nbsp;&nbsp;&nbsp;309867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.300%, 02/15/30 | &nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;694672 |
| &nbsp;&nbsp;&nbsp;Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.650%, 02/15/33<sup>1</sup> | &nbsp;&nbsp;&nbsp;915000 | &nbsp;&nbsp;&nbsp;&nbsp;905043 |
| &nbsp;&nbsp;&nbsp;Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 02/08/29 | &nbsp;&nbsp;&nbsp;853000 | &nbsp;&nbsp;&nbsp;&nbsp;840249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Communications |  | &nbsp;&nbsp;&nbsp;2749831 |
| &nbsp;&nbsp;&nbsp;**Consumer, Cyclical - 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;AutoNation, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.850%, 03/01/32 | &nbsp;&nbsp;&nbsp;720000 | &nbsp;&nbsp;&nbsp;&nbsp;662081 |
| &nbsp;&nbsp;&nbsp;Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/10/30 | &nbsp;&nbsp;&nbsp;557000 | &nbsp;&nbsp;&nbsp;&nbsp;562249 |
| &nbsp;&nbsp;&nbsp;Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/30/29 | &nbsp;&nbsp;&nbsp;610000 | &nbsp;&nbsp;&nbsp;&nbsp;620660 |
| &nbsp;&nbsp;&nbsp;Magna International, Inc. (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 06/01/35 | &nbsp;&nbsp;&nbsp;830000 | &nbsp;&nbsp;&nbsp;&nbsp;854238 |
| &nbsp;&nbsp;&nbsp;Mattel, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 04/01/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;975000 | &nbsp;&nbsp;&nbsp;&nbsp;933515 |
| &nbsp;&nbsp;&nbsp;PulteGroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 05/15/33 | &nbsp;&nbsp;&nbsp;573000 | &nbsp;&nbsp;&nbsp;&nbsp;616209 |
| &nbsp;&nbsp;&nbsp;United Airlines, Inc. Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1, AA, 5.450%, 02/15/37 | &nbsp;&nbsp;&nbsp;579909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer, Cyclical |  | &nbsp;&nbsp;4836063 |
| &nbsp;&nbsp;&nbsp;**Consumer, Non-cyclical - 6.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Amgen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.600%, 03/02/43 | &nbsp;&nbsp;&nbsp;576000 | &nbsp;&nbsp;&nbsp;&nbsp;568982 |
| &nbsp;&nbsp;&nbsp;Ashtead Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 08/12/26<sup>2</sup> | &nbsp;&nbsp;&nbsp;580000 | &nbsp;&nbsp;&nbsp;&nbsp;561282 |
| &nbsp;&nbsp;&nbsp;CommonSpirit Health |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.347%, 10/01/29 | &nbsp;&nbsp;1187000 | &nbsp;&nbsp;&nbsp;&nbsp;1131714 |
| &nbsp;&nbsp;&nbsp;The Ford Foundation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020, 2.415%, 06/01/50 | 2207000 | &nbsp;&nbsp;&nbsp;1300607 |
| &nbsp;&nbsp;&nbsp;HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 06/15/29 | &nbsp;&nbsp;&nbsp;950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;931182 |
| &nbsp;&nbsp;&nbsp;Kraft Heinz Foods Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875%, 05/15/27 | &nbsp;&nbsp;&nbsp;318000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314113 |
| &nbsp;&nbsp;&nbsp;Smith & Nephew PLC (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.032%, 10/14/30 | &nbsp;&nbsp;1010000 | &nbsp;&nbsp;&nbsp;&nbsp;883621 |
| &nbsp;&nbsp;&nbsp;Sysco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.400%, 02/15/30 | 1209000 | &nbsp;&nbsp;&nbsp;&nbsp;1102211 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;The Campbell's Company |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 04/24/30 | $628000 | &nbsp;&nbsp;&nbsp;&nbsp;$565777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer, Non-cyclical |  | &nbsp;&nbsp;7359489 |
| &nbsp;&nbsp;&nbsp;**Financials - 17.1%** |  |  |
| &nbsp;&nbsp;&nbsp;AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.450%, 04/15/27 | &nbsp;&nbsp;&nbsp;998000 | &nbsp;&nbsp;&nbsp;1026559 |
| &nbsp;&nbsp;&nbsp;Aircastle, Ltd./Aircastle Ireland DAC (Bermuda) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 10/01/31<sup>2</sup> | 1025000 | &nbsp;&nbsp;&nbsp;&nbsp;1051927 |
| &nbsp;&nbsp;&nbsp;Ally Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5.543% to 01/17/30 then SOFR Index + 1.730%), 5.543%, 01/17/31<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;565000 | &nbsp;&nbsp;&nbsp;&nbsp;572474 |
| &nbsp;&nbsp;&nbsp;American Homes 4 Rent LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 04/15/32 | &nbsp;&nbsp;&nbsp;685000 | &nbsp;&nbsp;&nbsp;&nbsp;631894 |
| &nbsp;&nbsp;&nbsp;American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 01/15/28 | &nbsp;&nbsp;&nbsp;855000 | &nbsp;&nbsp;&nbsp;&nbsp;838194 |
| &nbsp;&nbsp;&nbsp;Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MTN, (4.330% to 03/15/49 then 3 month SOFR + 1.782%), 4.330%, 03/15/50<sup>3,4</sup> | 1300000 | &nbsp;&nbsp;&nbsp;1076689 |
| &nbsp;&nbsp;&nbsp;The Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series H, (3.700% to 03/20/26 then U.S. Treasury Yield Curve CMT 5 year + 3.352%), 3.700%, 03/20/26<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;985000 | &nbsp;&nbsp;&nbsp;&nbsp;972221 |
| &nbsp;&nbsp;&nbsp;Boston Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.550%, 04/01/32 | &nbsp;&nbsp;808000 | &nbsp;&nbsp;&nbsp;&nbsp;684121 |
| &nbsp;&nbsp;&nbsp;Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7.964% to 11/02/33 then SOFR Index + 3.370%), 7.964%, 11/02/34<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;733000 | &nbsp;&nbsp;&nbsp;&nbsp;853966 |
| &nbsp;&nbsp;&nbsp;The Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series K, (5.000% to 06/01/27 then U.S. Treasury Yield Curve CMT 5 year + 3.256%), 5.000%, 06/01/27<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;565000 | &nbsp;&nbsp;&nbsp;&nbsp;561001 |
| &nbsp;&nbsp;&nbsp;Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3.980% to 03/20/29 then 3 month SOFR + 1.600%), 3.980%, 03/20/30<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;877000 | &nbsp;&nbsp;&nbsp;&nbsp;858337 |
| &nbsp;&nbsp;&nbsp;Crown Castle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/01/27 | &nbsp;&nbsp;&nbsp;775000 | &nbsp;&nbsp;&nbsp;&nbsp;768466 |
| &nbsp;&nbsp;&nbsp;Equinix, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.200%, 11/18/29 | &nbsp;&nbsp;&nbsp;663000 | &nbsp;&nbsp;&nbsp;&nbsp;625886 |
| &nbsp;&nbsp;&nbsp;The Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6.561% to 10/24/33 then SOFR + 1.950%), 6.561%, 10/24/34<sup>3,4</sup> | &nbsp;&nbsp;800000 | &nbsp;&nbsp;&nbsp;&nbsp;883925 |
| &nbsp;&nbsp;&nbsp;Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5.709% to 02/02/34 then SOFR Index + 1.870%), 5.709%, 02/02/35<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;576000 | &nbsp;&nbsp;&nbsp;&nbsp;589236 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6.254% to 10/23/33 then SOFR + 1.810%), 6.254%, 10/23/34<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;528000 | &nbsp;&nbsp;&nbsp;&nbsp;572977 |
| &nbsp;&nbsp;&nbsp;MetLife, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series G, (3.850% to 09/15/25 then U.S. Treasury Yield Curve CMT 5 year + 3.576%), 3.850%, 09/15/25<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;959000 | &nbsp;&nbsp;&nbsp;&nbsp;955635 |

---

------

AMG GW&K Core Bond ESG Fund

Schedule of Portfolio Investments *(continued)*

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Financials - 17.1% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4.431% to 01/23/29 then 3 month SOFR + 1.890%), 4.431%, 01/23/30<sup>3,4</sup> | $849000 | &nbsp;&nbsp;&nbsp;$846356 |
| &nbsp;&nbsp;&nbsp;The PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5.068% to 01/24/33 then SOFR + 1.933%), 5.068%, 01/24/34<sup>3,4</sup> | 1226000 | &nbsp;&nbsp;&nbsp;&nbsp;1229738 |
| &nbsp;&nbsp;&nbsp;State Street Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series J, (6.700% to 09/15/29 then U.S. Treasury Yield Curve CMT 5 year + 2.628%), 6.700%, 09/15/29<sup>1,3,4,5</sup> | &nbsp;&nbsp;&nbsp;545000 | &nbsp;&nbsp;&nbsp;&nbsp;565146 |
| &nbsp;&nbsp;&nbsp;Truist Financial Corp., MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4.873% to 01/26/28 then SOFR + 1.435%), 4.873%, 01/26/29<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;610000 | &nbsp;&nbsp;&nbsp;&nbsp;615570 |
| &nbsp;&nbsp;&nbsp;US Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5.775% to 06/12/28 then SOFR + 2.020%), 5.775%, 06/12/29<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;615000 | &nbsp;&nbsp;&nbsp;&nbsp;636737 |
| &nbsp;&nbsp;&nbsp;Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MTN, (5.013% to 04/04/50 then 3 month SOFR + 4.502%), 5.013%, 04/04/51<sup>3,4</sup> | &nbsp;&nbsp;1261000 | &nbsp;&nbsp;&nbsp;&nbsp;1142708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7.625% to 09/15/28 then U.S. Treasury Yield Curve CMT 5 year + 3.606%), 7.625%, 09/15/28<sup>1,3,4,5</sup> | &nbsp;&nbsp;&nbsp;576000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Financials |  | &nbsp;&nbsp;19172888 |
| &nbsp;&nbsp;&nbsp;**Industrials - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Jacobs Engineering Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.900%, 03/01/33 | &nbsp;&nbsp;1141000 | &nbsp;&nbsp;&nbsp;&nbsp;1190979 |
| &nbsp;&nbsp;&nbsp;L3Harris Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.050%, 06/01/29 | &nbsp;&nbsp;&nbsp;550000 | &nbsp;&nbsp;&nbsp;&nbsp;560152 |
| &nbsp;&nbsp;&nbsp;Packaging Corp. of America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.700%, 12/01/33 | &nbsp;&nbsp;&nbsp;640000 | &nbsp;&nbsp;&nbsp;&nbsp;665849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;&nbsp;2416980 |
| &nbsp;&nbsp;&nbsp;**Technology - 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.150%, 11/15/30 | &nbsp;&nbsp;&nbsp;707000 | &nbsp;&nbsp;&nbsp;&nbsp;692384 |
| &nbsp;&nbsp;&nbsp;Dell International LLC/EMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.200%, 07/15/30 | &nbsp;&nbsp;1112000 | &nbsp;&nbsp;&nbsp;&nbsp;1185731 |
| &nbsp;&nbsp;&nbsp;Kyndryl Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.150%, 10/15/31 | &nbsp;&nbsp;&nbsp;691000 | &nbsp;&nbsp;&nbsp;&nbsp;619295 |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.525%, 06/01/50 | 1890000 | &nbsp;&nbsp;&nbsp;&nbsp;1162648 |
| &nbsp;&nbsp;&nbsp;Roper Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/15/32 | &nbsp;&nbsp;&nbsp;612000 | &nbsp;&nbsp;&nbsp;&nbsp;609417 |
| &nbsp;&nbsp;&nbsp;SK Hynix, Inc. (South Korea) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.375%, 01/19/31<sup>2</sup> | &nbsp;&nbsp;800000 | &nbsp;&nbsp;&nbsp;&nbsp;708736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Technology |  | &nbsp;&nbsp;&nbsp;&nbsp;4978211 |
| &nbsp;&nbsp;&nbsp;**Utilities - 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 11/15/32<sup>1</sup> | &nbsp;&nbsp;&nbsp;550000 | &nbsp;&nbsp;&nbsp;&nbsp;563625 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series B, (7.000% to 03/03/34 then U.S. Treasury Yield Curve CMT 5 year + 2.511%), 7.000%, 06/01/54<sup>3,4</sup> | $698000 | &nbsp;&nbsp;&nbsp;&nbsp;$744633 |
| &nbsp;&nbsp;&nbsp;Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.550%, 06/15/31 | &nbsp;&nbsp;&nbsp;632000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6.450% to 06/01/34 then U.S. Treasury Yield Curve CMT 5 year + 2.588%), 6.450%, 09/01/54<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;726000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747504 |
| &nbsp;&nbsp;&nbsp;Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.300%, 03/15/33 | &nbsp;&nbsp;&nbsp;550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6.500% to 12/15/34 then U.S. Treasury Yield Curve CMT 5 year + 1.975%), 6.500%, 03/15/55<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;738000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754108 |
| &nbsp;&nbsp;&nbsp;National Rural Utilities Cooperative Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.350%, 03/15/31 | 1649000 | &nbsp;&nbsp;&nbsp;&nbsp;1383126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Utilities |  | &nbsp;&nbsp;&nbsp;&nbsp;5318415 |
| **Total Corporate Bonds and Notes<br> (Cost $50,779,802)** |  | &nbsp;&nbsp;48079844 |
| **Asset-Backed Securities - 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;AGL Core CLO, Ltd.<br> Series 2025-38A, Class A1<br> (3 month SOFR + 1.240%, Cap N/A, Floor 1.240%), 5.572%, 01/22/38<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300140 |
| &nbsp;&nbsp;&nbsp;American Express Credit Account Master Trust<br> Series 2025-5, Class A<br> 4.510%, 07/15/32 | &nbsp;&nbsp;&nbsp;196000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197468 |
| &nbsp;&nbsp;&nbsp;Compass Datacenters Issuer II LLC<br> Series 2024-1A, Class A1<br> 5.250%, 02/25/49<sup>2</sup> | &nbsp;&nbsp;&nbsp;950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;957574 |
| &nbsp;&nbsp;&nbsp;Elmwood CLO II, Ltd.<br> Series 2019-2A, Class A1RR<br> (3 month SOFR + 1.350%, Cap N/A, Floor 1.350%), 5.675%, 10/20/37<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536801 |
| &nbsp;&nbsp;&nbsp;Ford Credit Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-B, Class A4<br> 3.930%, 08/15/27 | &nbsp;&nbsp;&nbsp;697000 | &nbsp;&nbsp;&nbsp;&nbsp;695092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-D, Class A3<br> 4.610%, 08/15/29 | &nbsp;&nbsp;&nbsp;592000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595521 |
| &nbsp;&nbsp;&nbsp;John Deere Owner Trust<br> Series 2022-A, Class A4<br> 2.490%, 01/16/29 | &nbsp;&nbsp;&nbsp;650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647071 |
| &nbsp;&nbsp;&nbsp;Magnetite XXXIV, Ltd.<br> Series 2023-34A, Class A1R<br> (3 month SOFR + 1.140%, Cap N/A, Floor 1.140%), 5.458%, 01/15/38<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274656 |
| &nbsp;&nbsp;&nbsp;Magnetite XXXVI, Ltd.<br> Series 2023-36A, Class AR<br> (3 month SOFR + 1.320%, Cap N/A, Floor 1.320%), 5.638%, 07/25/38<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285941 |
| &nbsp;&nbsp;&nbsp;Palmer Square CLO, Ltd.<br> Series 2018-2A, Class A1R<br> (3 month SOFR + 1.530%, Cap N/A, Floor 1.530%), 5.848%, 04/16/37<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310485 |

---

------

AMG GW&K Core Bond ESG Fund

Schedule of Portfolio Investments *(continued)*

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Asset-Backed Securities–4.6%(continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Santander Drive Auto Receivables Trust<br> Series 2022-7, Class B<br> 5.950%, 01/17/28 | &nbsp;&nbsp;$367066 | &nbsp;&nbsp;&nbsp;$367923 |
| **Total Asset-Backed Securities<br> (Cost $5,153,287)** |  | &nbsp;&nbsp;&nbsp;5168672 |
| **Mortgage-Backed Securities - 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Chase Home Lending Mortgage Trust<br> Series 2024-1, Class A6<br> 6.500%, 01/25/55<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;278001 | &nbsp;&nbsp;&nbsp;&nbsp;279854 |
| &nbsp;&nbsp;&nbsp;Connecticut Avenue Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-R01, Class 1M1<br> (3 month SOFR + 1.050%), 5.400%, 01/25/44<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;362540 | &nbsp;&nbsp;&nbsp;&nbsp;362428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-R02, Class 1M1<br> (3 month SOFR + 1.100%), 5.450%, 02/25/44<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;255391 | &nbsp;&nbsp;&nbsp;&nbsp;255470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-R06, Class 1A1<br> (3 month SOFR + 1.150%), 5.500%, 09/25/44<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;231830 | &nbsp;&nbsp;&nbsp;&nbsp;232265 |
| &nbsp;&nbsp;&nbsp;DATA Mortgage Trust<br> Series 2023-CNTR, Class A<br> 5.728%, 08/12/43<sup>2,4</sup> | &nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;605053 |
| &nbsp;&nbsp;&nbsp;FREMF Mortgage Trust<br> Series 2016-K53, Class B<br> 4.049%, 03/25/49<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;695013 |
| &nbsp;&nbsp;&nbsp;GS Mortgage-Backed Securities Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-PJ4, Class A6<br> 2.500%, 09/25/51<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;729560 | &nbsp;&nbsp;&nbsp;&nbsp;676612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-PJ8, Class A2<br> 2.500%, 01/25/52<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;581360 | &nbsp;&nbsp;&nbsp;&nbsp;467784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-PJ9, Class A8<br> 2.500%, 02/26/52<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;442249 | &nbsp;&nbsp;&nbsp;&nbsp;391233 |
| &nbsp;&nbsp;&nbsp;JP Morgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-7, Class A6<br> 2.500%, 11/25/51<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;517230 | &nbsp;&nbsp;&nbsp;&nbsp;480041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-4, Class A3<br> 3.000%, 10/25/52<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;246067 | &nbsp;&nbsp;&nbsp;&nbsp;206283 |
| **Total Mortgage-Backed Securities<br> (Cost $4,638,978)** |  | &nbsp;&nbsp;4652036 |
| **Municipal Bonds - 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp;California Health Facilities Financing Authority<br> 4.190%, 06/01/37 | &nbsp;&nbsp;&nbsp;775000 | &nbsp;&nbsp;&nbsp;&nbsp;718685 |
| &nbsp;&nbsp;&nbsp;California State General Obligation, School Improvements, Build America Bonds<br> 7.550%, 04/01/39 | 1460000 | &nbsp;&nbsp;&nbsp;1745376 |
| &nbsp;&nbsp;&nbsp;JobsOhio Beverage System, Series B, Build America Bonds<br> 4.532%, 01/01/35 | 1505000 | &nbsp;&nbsp;&nbsp;&nbsp;1494213 |
| **Total Municipal Bonds<br> (Cost $4,445,409)** |  | &nbsp;&nbsp;&nbsp;3958274 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| **U.S. Government and Agency Obligations -<br> 43.4%** |  |  |
| &nbsp;&nbsp;&nbsp;**Fannie Mae - 19.9%** |  |  |
| &nbsp;&nbsp;&nbsp;FNMA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 02/01/36 | &nbsp;&nbsp;$550201 | &nbsp;&nbsp;&nbsp;&nbsp;$501890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/01/38 to 12/01/50 | &nbsp;&nbsp;&nbsp;1051715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/01/30 to 07/01/50 | &nbsp;&nbsp;5929973 | &nbsp;&nbsp;&nbsp;&nbsp;5507698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/01/44 to 01/01/51 | 6288945 | &nbsp;&nbsp;&nbsp;&nbsp;5935013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 04/01/39 to 08/01/52 | &nbsp;&nbsp;6303687 | &nbsp;&nbsp;&nbsp;&nbsp;6204198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/47 to 02/01/49 | &nbsp;&nbsp;1454090 | &nbsp;&nbsp;&nbsp;&nbsp;1458228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;803013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 02/01/54 | &nbsp;&nbsp;&nbsp;&nbsp;941314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;981623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Fannie Mae |  | &nbsp;&nbsp;22367364 |
| &nbsp;&nbsp;&nbsp;**Freddie Mac - 11.1%** |  |  |
| &nbsp;&nbsp;&nbsp;FHLMC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 10/01/34 | &nbsp;&nbsp;&nbsp;1839777 | &nbsp;&nbsp;&nbsp;&nbsp;1726343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/01/50 | &nbsp;&nbsp;&nbsp;795596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 10/01/45 | &nbsp;&nbsp;2872569 | &nbsp;&nbsp;&nbsp;&nbsp;2649632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/01/48 to 09/01/50 | &nbsp;&nbsp;1758036 | &nbsp;&nbsp;&nbsp;&nbsp;1647329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;799943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 06/01/53 | &nbsp;&nbsp;2159965 | &nbsp;&nbsp;&nbsp;&nbsp;2167838 |
| &nbsp;&nbsp;&nbsp;FHLMC Gold Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 07/01/32 to 05/01/44 | &nbsp;&nbsp;&nbsp;808783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774022 |
| &nbsp;&nbsp;&nbsp;Freddie Mac REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 5106, Class KA<br> 2.000%, 03/25/41 | &nbsp;&nbsp;1136580 | &nbsp;&nbsp;&nbsp;&nbsp;1064049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 5297, Class DA<br> 5.000%, 12/25/52 | &nbsp;&nbsp;&nbsp;&nbsp;519694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514591 |
| &nbsp;&nbsp;&nbsp;Freddie Mac STACR REMIC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-DNA1, Class M1<br> (1 Month SOFR + 1.350%), 5.700%, 02/25/44<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;395454 | &nbsp;&nbsp;&nbsp;&nbsp;396685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Freddie Mac |  | &nbsp;&nbsp;&nbsp;12443390 |
| &nbsp;&nbsp;&nbsp;**U.S. Treasury Obligations - 12.4%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.875%, 02/15/51 | 2058000 | &nbsp;&nbsp;&nbsp;&nbsp;1139457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 05/15/41 | 6297000 | &nbsp;&nbsp;&nbsp;&nbsp;4534578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 05/15/48 | 5484000 | &nbsp;&nbsp;&nbsp;&nbsp;4110429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 02/15/39 | &nbsp;&nbsp;1310000 | &nbsp;&nbsp;&nbsp;&nbsp;1171580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 02/15/53 | &nbsp;&nbsp;2417000 | &nbsp;&nbsp;&nbsp;&nbsp;1944835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 08/15/28 | &nbsp;&nbsp;&nbsp;537000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;562025 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/28/30 | &nbsp;&nbsp;&nbsp;456000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Treasury Obligations |  | &nbsp;&nbsp;&nbsp;13920133 |
| **Total U.S. Government and Agency Obligations<br> (Cost $54,924,397)** |  | &nbsp;&nbsp;&nbsp;48730887 |
| **Short-Term Investments - 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Joint Repurchase Agreements - 0.9%<sup>6</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC, dated 07/31/25, due 08/01/25, 4.430% total to be received $966,119 (collateralized by various U.S. Treasuries, 0.000% - 5.000%, 08/14/25 - 05/15/55, totaling $985,441) | &nbsp;&nbsp;&nbsp;966000 | &nbsp;&nbsp;&nbsp;&nbsp;966000 |

---

------

AMG GW&K Core Bond ESG Fund

Schedule of Portfolio Investments *(continued)*

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Joint Repurchase Agreements - 0.9%<sup>6</sup><br> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc., dated 07/31/25, due 08/01/25, 4.360% total to be received $5,389 (collateralized by various U.S. Treasuries, 0.000% - 4.000%, 04/15/27 - 11/15/54, totaling $5,496) | $5388 | &nbsp;&nbsp;&nbsp;&nbsp;$5388 |
| &nbsp;&nbsp;&nbsp;JPMorgan Securities LLC, dated 07/31/25, due 08/01/25, 4.360% total to be received $24,185 (collateralized by various U.S. Treasuries, 0.125% - 4.750%, 02/15/41 - 08/15/52, totaling $24,666) | &nbsp;&nbsp;24182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24182 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc., dated 07/31/25, due 08/01/25, 4.360% total to be received $32,998 (collateralized by various U.S. Treasuries, 2.875% - 4.625%, 04/30/29 - 05/15/32, totaling $33,654) | 32994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Joint Repurchase Agreements |  | &nbsp;&nbsp;1028564 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Repurchase Agreements - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Income Clearing Corp., dated 07/31/25, due 08/01/25, 4.100% total to be received $780,089 (collateralized by a U.S. Treasury Note, 3.375%, 09/15/27, totaling $795,700) | $780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$780000 |
| **Total Short-Term Investments<br> (Cost $1,808,564)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1808564 |
| **Total Investments - 100.2%<br> (Cost $121,750,437)** |  | &nbsp;&nbsp;&nbsp;&nbsp; 112398277 |
| **Other Assets, less Liabilities - (0.2)%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (194141) |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$112204136** |

---

------

<sup>1</sup> Some of these securities, amounting to $1,514,662 or 1.4% 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> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2025, the value of these securities amounted to $10,969,778 or 9.8% of net assets.

<sup>3</sup> Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at July 31, 2025. Rate will reset at a future date.

<sup>4</sup> Variable rate security. The rate shown is based on the latest available information as of July 31, 2025. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

<sup>5</sup> Perpetuity Bond. The date shown represents the next call date.

<sup>6</sup> Cash collateral received for securities lending activity was invested in these joint repurchase agreements.

---

| | |
|:---|:---|
| &nbsp;&nbsp;CLO | Collateralized Loan Obligation |
| &nbsp;&nbsp;CMT | Constant Maturity Treasury |
| &nbsp;&nbsp;DAC | Designated Activity Co. |
| &nbsp;&nbsp;FHLMC | Freddie Mac |
| &nbsp;&nbsp;FNMA | Fannie Mae |
| &nbsp;&nbsp;MTN | Medium-Term Note |
| &nbsp;&nbsp;REMICS | Real Estate Mortgage Investment Conduit |
| &nbsp;&nbsp;SOFR | Secured Overnight Financing Rate |
| &nbsp;&nbsp;STACR | Structured Agency Credit Risk |

---

------

AMG GW&K Core Bond ESG 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 July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &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;**Corporate Bonds and Notes<sup>†</sup>** | &nbsp;&nbsp; — | &nbsp;&nbsp; $48079844 | &nbsp;&nbsp; — | &nbsp;&nbsp; $48079844 |
| &nbsp;&nbsp;&nbsp;**Asset-Backed Securities** | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5168672 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5168672 |
| &nbsp;&nbsp;&nbsp;**Mortgage-Backed Securities** | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4652036 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4652036 |
| &nbsp;&nbsp;&nbsp;**Municipal Bonds** | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3958274 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3958274 |
| &nbsp;&nbsp;&nbsp;**U.S. Government and Agency Obligations<sup>†</sup>** | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 48730887 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 48730887 |
| &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; 1028564 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1028564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 780000 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 780000 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$112398277 | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$112398277 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;<sup>†</sup> | All corporate bonds and notes and U.S. government and agency obligations held in the Fund are Level 2 securities. For a detailed breakout of corporate bonds and notes and U.S. government and agency obligations by major industry or agency classification, please refer to the Fund's Schedule of Portfolio Investments. |

---

For the period ended July 31, 2025, 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 July 31, 2025, 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** |
| $1514662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1028564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $544240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1572804 |

---

The following table summarizes the securities received as collateral for securities lending at July 31, 2025:

---

| | | |
|:---|:---|:---|
| **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;0.125%-4.875% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10/15/25-02/15/48 |

---

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

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

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

- **a. Name of Series:** AMG GW&K Core Bond ESG Fund

- **b. EDGAR series identifier (if any):** S000009914

- **c. LEI of Series:** 2Y32HZ36SC4YDCL7OD77

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $113385265.92

**Total Liabilities:** $1174641.84

**Net Assets:** $112210624.08

**Cash Not Reported:** $11612.10

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 120.22222000 | **1-Year:** 4188.53890000 | **5-Year:** 31109.86537000 | **10-Year:** 12083.95588000 | **30-Year:** 1627.51472000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 232.23562000 | **10-Year:** 590.12849000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158523 | -0.60%               | 1.74%                | -0.16%               |
| Class ID C000027427 | -0.46%               | 1.65%                | -0.13%               |
| Class ID C000158522 | -0.57%               | 1.78%                | -0.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-302596.76              | $-626762.93                                |
| Month 2  | $-36677.10               | $1554731.02                                |
| Month 3  | $4363.15                 | $-497691.81                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| STEEL DYNAMICS INC                | Steel Dynamics Inc                                         | CUSIP: 858119BQ2<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    460000 | PA      | $465726.97    | 0.42%             | 2034-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JOBSOHIO BEVERAGE SYS STWD LIQ    | JobsOhio Beverage System                                   | CUSIP: 47770VAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1494212.76   | 1.33%             | 2035-01-01      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS            | Verizon Communications Inc                                 | CUSIP: 92343VES9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    853000 | PA      | $840249.22    | 0.75%             | 2029-02-08      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140X4SJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    119202 | PA      | $109935.14    | 0.10%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 31418ET67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    803013 | PA      | $800037.07    | 0.71%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC           | Aircastle Ltd / Aircastle Ireland DAC                      | CUSIP: 00929JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1025000 | PA      | $1051926.64   | 0.94%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140Q9HW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    471271 | PA      | $456030.36    | 0.41%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.        | HSBC SECURITIES (USA) INC                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Long             | RA               | CORP              | US        |      5388 | PA      | $5388.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                   | United States Treasury Note/Bond                           | CUSIP: 912810SY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6297000 | PA      | $4534577.95   | 4.04%             | 2041-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                   | United States Treasury Note/Bond                           | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1310000 | PA      | $1171580.08   | 1.04%             | 2039-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS          | Air Products and Chemicals Inc                             | CUSIP: 009158BF2<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |    780000 | PA      | $782240.04    | 0.70%             | 2033-03-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140XHC54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    730683 | PA      | $686069.62    | 0.61%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                          | AT&T Inc                                                   | CUSIP: 00206RGQ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    700000 | PA      | $694671.99    | 0.62%             | 2030-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140J56Q7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    530876 | PA      | $501318.18    | 0.45%             | 2047-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                       | Freddie Mac Pool                                           | CUSIP: 3132A4QC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    799943 | PA      | $804469.91    | 0.72%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3138EPPP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    475567 | PA      | $440880.40    | 0.39%             | 2044-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A    | California Health Facilities Financing Authority           | CUSIP: 13032UD88<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    775000 | PA      | $718684.70    | 0.64%             | 2037-06-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP             | Truist Financial Corp                                      | CUSIP: 89788MAL6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    610000 | PA      | $615570.23    | 0.55%             | 2029-01-26      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES LLC            | CITADEL SECURITIES LLC                                     | CUSIP: 000000000<br>LEI: 12UUJYTN7D3SW8KCSG25 | Long             | RA               | CORP              | US        |    966000 | PA      | $966000.00    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| American Express Credit Accoun    | American Express Credit Account Master Trust Series 2025-5 | CUSIP: 02582JKT6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    196000 | PA      | $197468.37    | 0.18%             | 2032-07-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                  | Duke Energy Corp                                           | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    726000 | PA      | $747503.61    | 0.67%             | 2054-09-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                 | Sysco Corp                                                 | CUSIP: 871829BK2<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   1209000 | PA      | $1102210.63   | 0.98%             | 2030-02-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                       | Equinix Inc                                                | CUSIP: 29444UBE5<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    663000 | PA      | $625886.42    | 0.56%             | 2029-11-18      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AT&T INC                          | AT&T Inc                                                   | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    331000 | PA      | $309867.41    | 0.28%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PACKAGING CORP OF AMERIC          | Packaging Corp of America                                  | CUSIP: 695156AX7<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | DBT              | CORP              | US        |    640000 | PA      | $665849.42    | 0.59%             | 2033-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO II Ltd.               | Elmwood CLO II Ltd                                         | CUSIP: 29001LAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    535000 | PA      | $536800.60    | 0.48%             | 2037-10-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                  | Connecticut Avenue Securities Trust 2024-R02               | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    255391 | PA      | $255469.76    | 0.23%             | 2044-02-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                     | State of California                                        | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1745376.56   | 1.56%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP               | Charles Schwab Corp/The                                    | CUSIP: 808513CB9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    565000 | PA      | $561000.87    | 0.50%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust          | J.P. Morgan Mortgage Trust 2022-4                          | CUSIP: 46655GAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    246067 | PA      | $206283.01    | 0.18%             | 2052-10-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| DATA 2023-CNTR Mortgage Trust     | DATA 2023-CNTR Mortgage Trust                              | CUSIP: 238021AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $605053.20    | 0.54%             | 2043-08-12      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                   | United States Treasury Note/Bond                           | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2058000 | PA      | $1139456.73   | 1.02%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140XDML7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    244088 | PA      | $232300.65    | 0.21%             | 2038-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP          | National Rural Utilities Cooperative Finance Corp          | CUSIP: 637432NW1<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1649000 | PA      | $1383125.55   | 1.23%             | 2031-03-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                   | United States Treasury Note/Bond                           | CUSIP: 912810FE3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    537000 | PA      | $562025.04    | 0.50%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                    | Microsoft Corp                                             | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1162647.54   | 1.04%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities     | GS Mortgage-Backed Securities Trust 2021-PJ9               | CUSIP: 36263CAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    442249 | PA      | $391233.38    | 0.35%             | 2052-02-26      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities     | GS Mortgage-Backed Securities Trust 2021-PJ8               | CUSIP: 36262WAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    581361 | PA      | $467783.60    | 0.42%             | 2052-01-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora    | Chase Home Lending Mortgage Trust Series 2024-1            | CUSIP: 16160DAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    278001 | PA      | $279853.87    | 0.25%             | 2055-01-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                     | Citigroup Inc                                              | CUSIP: 172967ME8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    877000 | PA      | $858336.96    | 0.76%             | 2030-03-20      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                 | Hyatt Hotels Corp                                          | CUSIP: 448579AR3<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    610000 | PA      | $620659.53    | 0.55%             | 2029-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140XF4T5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    487606 | PA      | $466882.42    | 0.42%             | 2038-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140XH2V8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    382958 | PA      | $365457.85    | 0.33%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORD FOUNDATION/THE               | Ford Foundation/The                                        | CUSIP: 34531XAB0<br>LEI: 54930013YZ3DULPNNT44 | Long             | DBT              | CORP              | US        |   2207000 | PA      | $1300607.46   | 1.16%             | 2050-06-01      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140QGTB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    771918 | PA      | $716735.18    | 0.64%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities     | GS Mortgage-Backed Securities Corp Trust 2021-PJ4          | CUSIP: 36264PAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    729560 | PA      | $676612.32    | 0.60%             | 2051-09-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140X4XF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    483781 | PA      | $471932.88    | 0.42%             | 2034-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 31412PG70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1394337 | PA      | $1378351.16   | 1.23%             | 2039-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                 | Magnetite XXXVI Ltd                                        | CUSIP: 559922AL3<br>LEI: 549300M0875JBMUL0W79 | Long             | ABS-CBDO         | CORP              | KY        |    285000 | PA      | $285940.50    | 0.25%             | 2038-07-25      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| US BANCORP                        | US Bancorp                                                 | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    615000 | PA      | $636737.00    | 0.57%             | 2029-06-12      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC              | Kyndryl Holdings Inc                                       | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    691000 | PA      | $619295.41    | 0.55%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                | Ally Financial Inc                                         | CUSIP: 02005NBW9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    565000 | PA      | $572474.39    | 0.51%             | 2031-01-17      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC               | Dominion Energy Inc                                        | CUSIP: 25746UDR7<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    550000 | PA      | $563625.11    | 0.50%             | 2032-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| Freddie Mac                       | Freddie Mac Gold Pool                                      | CUSIP: 3128MFDL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    434910 | PA      | $427049.62    | 0.38%             | 2032-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS SECURITIES INC.   | NATWEST MARKETS SECURITIES INC                             | CUSIP: 000000000<br>LEI: ZE2ZWJ5BTIQJ8M0C6K34 | Long             | RA               | CORP              | US        |     32994 | PA      | $32994.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140Q94L4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1283921 | PA      | $1206460.23   | 1.08%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC               | Delta Air Lines Inc                                        | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    557000 | PA      | $562249.11    | 0.50%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                 | Magnetite XXXIV Ltd                                        | CUSIP: 55952MAJ2<br>LEI: 5493007RY5PFZOE8RF76 | Long             | ABS-CBDO         | CORP              | KY        |    275000 | PA      | $274656.25    | 0.24%             | 2038-01-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                        | Mattel Inc                                                 | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    975000 | PA      | $933515.12    | 0.83%             | 2029-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3138ETYQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    686624 | PA      | $635030.75    | 0.57%             | 2045-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                    | Morgan Stanley                                             | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    849000 | PA      | $846355.89    | 0.75%             | 2030-01-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| HCA INC                           | HCA Inc                                                    | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    950000 | PA      | $931181.98    | 0.83%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                    | PulteGroup Inc                                             | CUSIP: 745867AP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    573000 | PA      | $616209.22    | 0.55%             | 2033-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY             | Wells Fargo & Co                                           | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    576000 | PA      | $613124.93    | 0.55%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: —       |
| AUTONATION INC                    | AutoNation Inc                                             | CUSIP: 05329RAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $662081.28    | 0.59%             | 2032-03-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY             | Wells Fargo & Co                                           | CUSIP: 95000U2M4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1261000 | PA      | $1142708.26   | 1.02%             | 2051-04-04      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                       | Freddie Mac Pool                                           | CUSIP: 3132CWDA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1839777 | PA      | $1726343.19   | 1.54%             | 2034-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JACOBS ENGINEERING GROUP          | Jacobs Engineering Group Inc                               | CUSIP: 469814AA5<br>LEI: 549300CZ8QS1GE53O776 | Long             | DBT              | CORP              | US        |   1141000 | PA      | $1190978.90   | 1.06%             | 2033-03-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                       | Freddie Mac Pool                                           | CUSIP: 3133KJ6X5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    514162 | PA      | $478491.44    | 0.43%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR               | Freddie Mac STACR REMIC Trust 2024-DNA1                    | CUSIP: 35564NAX1<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | CORP              | US        |    395454 | PA      | $396684.74    | 0.35%             | 2044-02-25      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC               | Ashtead Capital Inc                                        | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    580000 | PA      | $561281.67    | 0.50%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP               | American Tower Corp                                        | CUSIP: 03027XAR1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    855000 | PA      | $838193.50    | 0.75%             | 2028-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC        | JP MORGAN SECURITIES LLC                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |     24182 | PA      | $24182.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO               | JPMorgan Chase & Co                                        | CUSIP: 46647PDY9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    528000 | PA      | $572977.32    | 0.51%             | 2034-10-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                 | State Street Corp                                          | CUSIP: 857477CM3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    545000 | PA      | $565145.93    | 0.50%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| Fannie Mae - CAS                  | Connecticut Avenue Securities Trust 2024-R01               | CUSIP: 20753UAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    362540 | PA      | $362427.90    | 0.32%             | 2044-01-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO          | Capital One Financial Corp                                 | CUSIP: 254709AT5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    733000 | PA      | $853966.11    | 0.76%             | 2034-11-02      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140JAGM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    695260 | PA      | $652491.34    | 0.58%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES             | Huntington Bancshares Inc/OH                               | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    576000 | PA      | $589236.35    | 0.53%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                       | Freddie Mac REMICS                                         | CUSIP: 3137H9RL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    519694 | PA      | $514591.06    | 0.46%             | 2052-12-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140JADN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    671204 | PA      | $668017.69    | 0.60%             | 2049-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd             | Palmer Square CLO 2018-2 Ltd                               | CUSIP: 69688MAN5<br>LEI: 549300EYS8N79JYSXL17 | Long             | ABS-CBDO         | CORP              | KY        |    310000 | PA      | $310485.00    | 0.28%             | 2037-04-16      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                   | United States Treasury Note/Bond                           | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2417000 | PA      | $1944835.28   | 1.73%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140XGHB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    459731 | PA      | $422727.24    | 0.38%             | 2050-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 31412PG62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1411035 | PA      | $1395148.16   | 1.24%             | 2039-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT             | American Homes 4 Rent LP                                   | CUSIP: 02666TAE7<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    685000 | PA      | $631894.21    | 0.56%             | 2032-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                      | Broadcom Inc                                               | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    707000 | PA      | $692383.99    | 0.62%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                  | Crown Castle Inc                                           | CUSIP: 22822VAE1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    775000 | PA      | $768466.18    | 0.68%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES            | PNC Financial Services Group Inc/The                       | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1226000 | PA      | $1229738.00   | 1.10%             | 2034-01-24      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP            | Bank of New York Mellon Corp/The                           | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    985000 | PA      | $972220.81    | 0.87%             | N/A             | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                       | MetLife Inc                                                | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    959000 | PA      | $955635.16    | 0.85%             | N/A             | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140XN5W0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    941314 | PA      | $981622.91    | 0.87%             | 2054-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                         | Amgen Inc                                                  | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    576000 | PA      | $568981.97    | 0.51%             | 2043-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                  | Duke Energy Corp                                           | CUSIP: 26441CBL8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    632000 | PA      | $561222.53    | 0.50%             | 2031-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 31412PG54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    800955 | PA      | $791772.41    | 0.71%             | 2039-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC            | Roper Technologies Inc                                     | CUSIP: 776696AH9<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    612000 | PA      | $609416.79    | 0.54%             | 2032-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                       | Freddie Mac Pool                                           | CUSIP: 3132DQKM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2159965 | PA      | $2167837.99   | 1.93%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3138EPLN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    466817 | PA      | $459655.09    | 0.41%             | 2030-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3138EQRK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     62185 | PA      | $61200.99     | 0.05%             | 2030-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                       | Exelon Corp                                                | CUSIP: 30161NBK6<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    550000 | PA      | $564197.50    | 0.50%             | 2033-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FIXED INCOME CLEARING CORPORATION | FICC                                                       | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |    780000 | PA      | $780000.00    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140X9ZM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    550201 | PA      | $501889.79    | 0.45%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140Q8QG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1472133 | PA      | $1341152.61   | 1.20%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP              | Boston Properties LP                                       | CUSIP: 10112RBE3<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    808000 | PA      | $684121.13    | 0.61%             | 2032-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust      | Ford Credit Auto Owner Trust 2024-D                        | CUSIP: 34535VAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    592000 | PA      | $595521.39    | 0.53%             | 2029-08-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                       | Freddie Mac Pool                                           | CUSIP: 3132ACS76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1243875 | PA      | $1168837.58   | 1.04%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl    | Santander Drive Auto Receivables Trust 2022-7              | CUSIP: 80287FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    367066 | PA      | $367923.42    | 0.33%             | 2028-01-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140QGEG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    320020 | PA      | $279493.25    | 0.25%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                      | Comcast Corp                                               | CUSIP: 20030NEC1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    915000 | PA      | $905042.48    | 0.81%             | 2033-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| John Deere Owner Trust            | John Deere Owner Trust 2022                                | CUSIP: 47787JAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $647070.97    | 0.58%             | 2029-01-16      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II,    | Compass Datacenters Issuer II LLC                          | CUSIP: 20469AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $957573.50    | 0.85%             | 2049-02-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140XBD56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    782886 | PA      | $790210.08    | 0.70%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140X4MG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    249682 | PA      | $233857.61    | 0.21%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2024-1 AA PTT          | United Airlines 2024-1 Class AA Pass Through Trust         | CUSIP: 90932WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    579909 | PA      | $587110.45    | 0.52%             | 2037-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                   | United States Treasury Note/Bond                           | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    456000 | PA      | $457229.06    | 0.41%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP           | Dell International LLC / EMC Corp                          | CUSIP: 24703TAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1112000 | PA      | $1185730.79   | 1.06%             | 2030-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                  | Connecticut Avenue Securities Trust 2024-R06               | CUSIP: 20755RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    231830 | PA      | $232265.46    | 0.21%             | 2044-09-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                 | L3Harris Technologies Inc                                  | CUSIP: 502431AS8<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    550000 | PA      | $560152.17    | 0.50%             | 2029-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3138WGQE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1318717 | PA      | $1212571.28   | 1.08%             | 2046-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                      | SK Hynix Inc                                               | CUSIP: 78392BAC1<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    800000 | PA      | $708736.52    | 0.63%             | 2031-01-19      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3138XJ3N5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    933327 | PA      | $891589.74    | 0.79%             | 2044-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAGNA INTERNATIONAL INC           | Magna International Inc                                    | CUSIP: 559222BD5<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | CA        |    830000 | PA      | $854237.97    | 0.76%             | 2035-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA          | AerCap Ireland Capital DAC / AerCap Global Aviation Trust  | CUSIP: 00774MBG9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    998000 | PA      | $1026558.52   | 0.91%             | 2027-04-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC           | Goldman Sachs Group Inc/The                                | CUSIP: 38141GA53<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    800000 | PA      | $883924.62    | 0.79%             | 2034-10-24      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| SMITH & NEPHEW PLC                | Smith & Nephew PLC                                         | CUSIP: 83192PAA6<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |   1010000 | PA      | $883621.41    | 0.79%             | 2030-10-14      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3138EGNM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1843131 | PA      | $1817438.37   | 1.62%             | 2041-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO              | Kraft Heinz Foods Co                                       | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    318000 | PA      | $314112.86    | 0.28%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                       | Freddie Mac Pool                                           | CUSIP: 3132AARQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2872569 | PA      | $2649632.26   | 2.36%             | 2045-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                   | United States Treasury Note/Bond                           | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5484000 | PA      | $4110429.38   | 3.66%             | 2048-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3138WJUH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    385214 | PA      | $352612.41    | 0.31%             | 2047-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH               | CommonSpirit Health                                        | CUSIP: 20268JAB9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |   1187000 | PA      | $1131713.90   | 1.01%             | 2029-10-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                       | Freddie Mac Gold Pool                                      | CUSIP: 3128MABS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    373873 | PA      | $346972.03    | 0.31%             | 2044-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust          | JP Morgan Mortgage Trust 2021-7                            | CUSIP: 46592NAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    517230 | PA      | $480040.86    | 0.43%             | 2051-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC               | Dominion Energy Inc                                        | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    698000 | PA      | $744632.68    | 0.66%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                       | Exelon Corp                                                | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    738000 | PA      | $754107.79    | 0.67%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                       | Freddie Mac Pool                                           | CUSIP: 3133A3CW6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    795596 | PA      | $698430.46    | 0.62%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust              | FREMF 2016-K53 Mortgage Trust                              | CUSIP: 30288LAN3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    700000 | PA      | $695012.57    | 0.62%             | 2049-03-25      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                        | Fannie Mae Pool                                            | CUSIP: 3140X9MS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1093278 | PA      | $1046491.13   | 0.93%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP              | Bank of America Corp                                       | CUSIP: 06051GHS1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1076688.76   | 0.96%             | 2050-03-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                      | AGL Core CLO 38 Ltd                                        | CUSIP: 00852QAA9<br>LEI: 254900ZPMRHE5M6S8F18 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300140.28    | 0.27%             | 2038-01-22      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                       | Freddie Mac REMICS                                         | CUSIP: 3137FYX43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1136580 | PA      | $1064049.28   | 0.95%             | 2041-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust      | Ford Credit Auto Owner Trust 2022-B                        | CUSIP: 34534LAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    697000 | PA      | $695091.68    | 0.62%             | 2027-08-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY             | The Campbell's Company                                     | CUSIP: 134429BJ7<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    628000 | PA      | $565776.98    | 0.50%             | 2030-04-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** AMG Funds I

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer