# EDGAR Filing Document

**Accession Number:** 0000879947
**File Stem:** 0000940400-26-022977
**Filing Date:** 2026-6
**Character Count:** 46957
**Document Hash:** 96c36a361e7220c9564da9387d9095f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022977.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022977

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06431
- **FILM NUMBER:** 261048697

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMG Funds II
- **DATE OF NAME CHANGE:** 20140422

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

AMG GW&K Muni Income ETF

Schedule of Portfolio Investments *(unaudited)*

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| **Municipal Bonds - 94.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Alabama - 7.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Alabama Public School and College Authority, Series A<br> 4.000%, 11/01/40 | $200000 | &nbsp;&nbsp;&nbsp;$199830 |
| &nbsp;&nbsp;&nbsp;County of Jefferson Sewer Revenue<br> 5.500%, 10/01/53 | &nbsp;&nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp;337924 |
| &nbsp;&nbsp;&nbsp;Southeast Energy Authority A Cooperative District, Series E<br> 5.000%, 10/01/30 | &nbsp;&nbsp;&nbsp;335000 | &nbsp;&nbsp;&nbsp;&nbsp;355458 |
| &nbsp;&nbsp;&nbsp;Southeast Energy Authority A Cooperative District, Series H<br> 5.000%, 11/01/35 | &nbsp;&nbsp;&nbsp;340000 | &nbsp;&nbsp;&nbsp;&nbsp;355062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Alabama |  | &nbsp;&nbsp;1248274 |
| &nbsp;&nbsp;&nbsp;**Arizona - 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;City of Phoenix Civic Improvement Corp., Series B<br> 4.000%, 07/01/39 | &nbsp;&nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp;278384 |
| &nbsp;&nbsp;&nbsp;The Industrial Development Authority of the County of Pima<br> 4.000%, 04/01/46 | &nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;129850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Arizona |  | &nbsp;&nbsp;&nbsp;408234 |
| &nbsp;&nbsp;&nbsp;**California - 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Los Angeles Department of Water & Power, Series B<br> 5.000%, 07/01/34 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;224275 |
| &nbsp;&nbsp;&nbsp;**Colorado - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Colorado Health Facilities Authority, Series A<br> 5.000%, 08/01/34 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;209264 |
| &nbsp;&nbsp;&nbsp;**Florida - 13.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Capital Trust Authority, Series A1<br> 5.000%, 12/01/30 | &nbsp;&nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp;194382 |
| &nbsp;&nbsp;&nbsp;County of Lee FL Airport Revenue, Series 1<br> 5.000%, 10/01/36 | &nbsp;&nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;&nbsp;136782 |
| &nbsp;&nbsp;&nbsp;County of Lee FL Airport Revenue, Series 2<br> 5.000%, 10/01/56 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;214355 |
| &nbsp;&nbsp;&nbsp;County of Miami-Dade Florida Seaport Department, Series 1, (AG)<br> 4.000%, 10/01/45 | &nbsp;&nbsp;&nbsp;340000 | &nbsp;&nbsp;&nbsp;&nbsp;308282 |
| &nbsp;&nbsp;&nbsp;Greater Orlando Aviation Authority<br> 5.500%, 11/01/37 | &nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;260434 |
| &nbsp;&nbsp;&nbsp;Hillsborough County Industrial Development Authority<br> 4.000%, 08/01/50 | &nbsp;&nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp;135077 |
| &nbsp;&nbsp;&nbsp;JEA Electric System Revenue, Series B<br> 4.000%, 10/01/37 | &nbsp;&nbsp;&nbsp;415000 | &nbsp;&nbsp;&nbsp;&nbsp;416163 |
| &nbsp;&nbsp;&nbsp;Miami-Dade County Educational Facilities Authority, Series A<br> 5.000%, 04/01/44 | &nbsp;&nbsp;&nbsp;330000 | &nbsp;&nbsp;&nbsp;&nbsp;345827 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;Palm Beach County Health Facilities Authority, Series B<br> 5.000%, 11/15/55 | $175000 | &nbsp;&nbsp;&nbsp;$170593 |
| &nbsp;&nbsp;&nbsp;Village Community Development District No 16<br> 5.125%, 05/01/56 | &nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;144916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Florida |  | &nbsp;&nbsp;&nbsp;2326811 |
| &nbsp;&nbsp;&nbsp;**Illinois - 9.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Chicago O'Hare International Airport, Series E<br> 5.000%, 01/01/30 | &nbsp;&nbsp;335000 | &nbsp;&nbsp;&nbsp;&nbsp;357076 |
| &nbsp;&nbsp;&nbsp;Chicago Transit Authority Sales Tax Receipts Fund, Series A<br> 5.000%, 12/01/43 | &nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311941 |
| &nbsp;&nbsp;&nbsp;State of Illinois Sales Tax Revenue, Series A<br> 5.000%, 06/15/34 | &nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp;245099 |
| &nbsp;&nbsp;&nbsp;State of Illinois Sales Tax Revenue, Series B<br> 5.000%, 06/15/38 | &nbsp;&nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;188623 |
| &nbsp;&nbsp;&nbsp;State of Illinois, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/36 | &nbsp;&nbsp;165000 | &nbsp;&nbsp;&nbsp;&nbsp;168748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 12/01/30 | &nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;103229 |
| &nbsp;&nbsp;&nbsp;State of Illinois, Series B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/36 | &nbsp;&nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/01/35 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;150017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Illinois |  | &nbsp;&nbsp;1695857 |
| &nbsp;&nbsp;&nbsp;**Indiana - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Indiana Finance Authority, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/01/36 | &nbsp;&nbsp;&nbsp;115000 | &nbsp;&nbsp;&nbsp;&nbsp;116792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/01/54 | &nbsp;&nbsp;165000 | &nbsp;&nbsp;&nbsp;&nbsp;159248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Indiana |  | &nbsp;&nbsp;&nbsp;&nbsp;276040 |
| &nbsp;&nbsp;&nbsp;**Iowa - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;State of Iowa, Series A<br> 5.000%, 06/01/27 | &nbsp;&nbsp;155000 | &nbsp;&nbsp;&nbsp;&nbsp;155620 |
| &nbsp;&nbsp;&nbsp;**Massachusetts - 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Massachusetts Development Finance Agency<br> 5.250%, 07/01/52 | &nbsp;&nbsp;275000 | &nbsp;&nbsp;&nbsp;&nbsp;264409 |
| &nbsp;&nbsp;&nbsp;Massachusetts Development Finance Agency, Series A<br> 5.500%, 10/01/44 | &nbsp;&nbsp;375000 | &nbsp;&nbsp;&nbsp;&nbsp;399074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Massachusetts |  | &nbsp;&nbsp;&nbsp;&nbsp;663483 |
| &nbsp;&nbsp;&nbsp;**Michigan - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Michigan State Housing Development Authority, Series D<br> 4.750%, 12/01/34 | &nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp;162618 |
| &nbsp;&nbsp;&nbsp;**New Jersey - 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;New Jersey Transportation Trust Fund Authority, Series A<br> 4.000%, 06/15/34 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;205945 |
| &nbsp;&nbsp;&nbsp;New Jersey Transportation Trust Fund Authority, Series AA<br> 4.000%, 06/15/42 | &nbsp;&nbsp;365000 | &nbsp;&nbsp;&nbsp;&nbsp;356734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total New Jersey |  | &nbsp;&nbsp;&nbsp;&nbsp;562679 |

---

------

AMG GW&K Muni Income ETF

Schedule of Portfolio Investments *(continued)*

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**New York - 12.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan Transportation Authority, Series A<br> 5.000%, 11/15/31 | $200000 | &nbsp;&nbsp;&nbsp;&nbsp;$222141 |
| &nbsp;&nbsp;&nbsp;Metropolitan Transportation Authority, Series D<br> 4.000%, 11/15/32 | &nbsp;&nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;140562 |
| &nbsp;&nbsp;&nbsp;New York State Dormitory Authority, Series A<br> 5.000%, 07/01/33 | &nbsp;&nbsp;&nbsp;165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178214 |
| &nbsp;&nbsp;&nbsp;New York Transportation Development Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/31/34 | &nbsp;&nbsp;&nbsp;375000 | &nbsp;&nbsp;&nbsp;&nbsp;376349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/39 | &nbsp;&nbsp;&nbsp;260000 | &nbsp;&nbsp;&nbsp;&nbsp;249293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/40 | &nbsp;&nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;354931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/30/55 | &nbsp;&nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;420653 |
| &nbsp;&nbsp;&nbsp;New York Transportation Development Corp., Series A<br> 5.500%, 12/31/54 | &nbsp;&nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216491 |
| &nbsp;&nbsp;&nbsp;Triborough Bridge & Tunnel Authority, Series A<br> 5.000%, 11/15/28 | &nbsp;&nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;140320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total New York |  | &nbsp;&nbsp;2298954 |
| &nbsp;&nbsp;&nbsp;**North Dakota - 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;North Dakota Housing Finance Agency, Series C<br> 4.700%, 07/01/45 | &nbsp;&nbsp;&nbsp;425000 | &nbsp;&nbsp;&nbsp;&nbsp;423977 |
| &nbsp;&nbsp;&nbsp;**Pennsylvania - 11.4%** |  |  |
| &nbsp;&nbsp;&nbsp;City of Philadelphia, Series A<br> 4.000%, 05/01/37 | &nbsp;&nbsp;&nbsp;195000 | &nbsp;&nbsp;&nbsp;&nbsp;196899 |
| &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority, (AG) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/39 | &nbsp;&nbsp;&nbsp;375000 | &nbsp;&nbsp;&nbsp;&nbsp;360292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/34 | &nbsp;&nbsp;&nbsp;&nbsp;115000 | &nbsp;&nbsp;&nbsp;&nbsp;118902 |
| &nbsp;&nbsp;&nbsp;Pennsylvania Economic Development Financing Authority<br> 5.250%, 06/30/35 | &nbsp;&nbsp;&nbsp;255000 | &nbsp;&nbsp;&nbsp;&nbsp;276293 |
| &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.600%, 10/01/45 | &nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;249324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/01/50 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;200947 |
| &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission, Series B2<br> 4.000%, 06/01/38 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;200503 |
| &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co.<br> 5.000%, 10/01/32 | &nbsp;&nbsp;&nbsp;425000 | &nbsp;&nbsp;&nbsp;&nbsp;429832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Pennsylvania |  | &nbsp;&nbsp;2032992 |
| &nbsp;&nbsp;&nbsp;**Rhode Island - 5.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Rhode Island Commerce Corp., Series B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/27 | &nbsp;&nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp;180776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/29 | &nbsp;&nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291271 |
| &nbsp;&nbsp;&nbsp;Rhode Island Health and Educational Building Corp.<br> 5.250%, 05/15/54 | &nbsp;&nbsp;&nbsp;230000 | &nbsp;&nbsp;&nbsp;&nbsp;225455 |
| &nbsp;&nbsp;&nbsp;Rhode Island Health and Educational Building Corp., Series B<br> 5.000%, 05/15/31 | &nbsp;&nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp;236952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Rhode Island |  | &nbsp;&nbsp;&nbsp;&nbsp;934454 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**South Carolina - 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;South Carolina Public Service Authority, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/35 | $250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$254351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/01/43 | &nbsp;&nbsp;&nbsp;305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total South Carolina |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544389 |
| &nbsp;&nbsp;&nbsp;**Tennessee - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Tennessee Energy Acquisition Corp., Series A<br> 5.000%, 05/01/53 | &nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154719 |
| &nbsp;&nbsp;&nbsp;**Texas - 9.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Central Texas Turnpike System, Series C<br> 5.000%, 08/15/39 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325813 |
| &nbsp;&nbsp;&nbsp;City of Houston TX Hotel Occupancy Tax & Special Revenue, Series C<br> 5.000%, 09/01/38 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441373 |
| &nbsp;&nbsp;&nbsp;Lower Colorado River Authority, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/36 | &nbsp;&nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/15/37 | &nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152245 |
| &nbsp;&nbsp;&nbsp;Texas Private Activity Bond Surface Transportation Corp.<br> 5.000%, 06/30/58 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387304 |
| &nbsp;&nbsp;&nbsp;Texas Private Activity Bond Surface Transportation Corp., Series A<br> 4.000%, 12/31/37 | &nbsp;&nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Texas |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1667288 |
| &nbsp;&nbsp;&nbsp;**Utah - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Intermountain Power Agency<br> 5.000%, 07/01/41 | &nbsp;&nbsp;&nbsp;195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207107 |
| &nbsp;&nbsp;&nbsp;**Wisconsin - 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Public Finance Authority<br> 6.500%, 06/30/60 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217901 |
| &nbsp;&nbsp;&nbsp;Public Finance Authority, Series A<br> 5.000%, 06/01/41<sup>1</sup> | &nbsp;&nbsp;&nbsp;375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Wisconsin |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593209 |
| **Total Municipal Bonds<br> (Cost $17,032,881)** |  | &nbsp;&nbsp;&nbsp;&nbsp;16790244 |
| **Short-Term Investments - 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**Repurchase Agreements - 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Income Clearing Corp., dated 03/31/26, due 04/01/26, 3.350% total to be received $455,042 (collateralized by a U.S. Treasury Note, 1.375%, 11/15/31, totaling $464,133) | &nbsp;&nbsp;&nbsp;455000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455000 |
| **Total Short-Term Investments<br> (Cost $455,000)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455000 |
| **Total Investments - 96.7%<br> (Cost $17,487,881)** |  | &nbsp;&nbsp;&nbsp;&nbsp; 17245244 |
| **Other Assets, less Liabilities - 3.3%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582182 |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$17827426** |

---

------

AMG GW&K Muni Income ETF

Schedule of Portfolio Investments *(continued)*

<sup>1</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2026, the value of this security amounted to $375,308 or 2.1% of net assets.

AG Assured Guaranty

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** |
| &nbsp;&nbsp;&nbsp;**Municipal Bonds<sup>†</sup>** | &nbsp;&nbsp; — | &nbsp;&nbsp; $16790244 | &nbsp;&nbsp; — | &nbsp;&nbsp; $16790244 |
| &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;Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455000 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455000 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$17245244 | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$17245244 |

---

<br> <sup>†</sup> All municipal bonds held in the Fund are Level 2 securities. For a detailed breakout of municipal bonds by major classification, please refer to the Fund's Schedule of Portfolio Investments.

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

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 ETF Trust

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

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

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

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

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

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

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

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

- **a. Name of Series:** AMG GW&K Muni Income ETF

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

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

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $17288982.00

**Total Liabilities:** $453194.99

**Net Assets:** $16835787.01

**Delayed Delivery Securities:** $449012.00

**Cash Not Reported:** $279.10

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 28.50177000 | **1-Year:** 319.65720000 | **5-Year:** 3306.64218000 | **10-Year:** 7851.68032000 | **30-Year:** 226.44089000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 96.45372000 | **10-Year:** 100.06975000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263709 | 0.88%                | 1.24%                | -2.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $63632.21                                  |
| Month 2  | $2587.50                 | $148622.00                                 |
| Month 3  | $-8271.00                | $-437171.16                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COLORADO HEALTH FACS AUTH                                  | CO COSMED 5 08/01/2034    | CUSIP: 19648FKL7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    200000 | PA      | $209263.74    | 1.24%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COOP DIST ALA                        | AL SEEPWR 5 10/01/2030    | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    300000 | PA      | $318320.46    | 1.89%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                            | NJ NJSTRN 4 06/15/2034    | CUSIP: 6461367Y1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205945.26    | 1.22%             | 2034-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP (NY)              | NY NYTTRN 6 06/30/2055    | CUSIP: 650116JP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $420653.28    | 2.50%             | 2055-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA (PA), CITY OF                                 | PA PHIUTL 5 10/01/2032    | CUSIP: 7178238K7<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    425000 | PA      | $429832.25    | 2.55%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA) | PA PASDEV 5.25 06/30/2035 | CUSIP: 70868YAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $276292.35    | 1.64%             | 2035-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                   | PA PASSFH 5 10/01/2050    | CUSIP: 70879QTZ6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200947.08    | 1.19%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH FINANCING AUTHORITY (PA)                      | PA CMNGEN 5 06/01/2034    | CUSIP: 20282EAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $118902.34    | 0.71%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                   | PA PASSFH 4.6 10/01/2045  | CUSIP: 70879Q5H2<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249324.18    | 1.48%             | 2045-10-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                               | NY MTATRN 4 11/15/2032    | CUSIP: 59261AJW8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140561.39    | 0.83%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TEX                                    | TX LWCGEN 5 05/15/2037    | CUSIP: 54811BSW2<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152245.32    | 0.90%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL TRAN AUTH                                      | IL CHITRN 5 12/01/2043    | CUSIP: 16772PEX0<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |    290000 | PA      | $311940.70    | 1.85%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                | IL ILS 5.25 12/01/2030    | CUSIP: 452152S93<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103228.82    | 0.61%             | 2030-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TEX                                    | TX LWCGEN 5 05/15/2036    | CUSIP: 54811BWQ0<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    175000 | PA      | $185006.41    | 1.10%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FLA HEALTH FACS AUTH                       | FL PALMED 5 11/15/2055    | CUSIP: 69650MBB4<br>LEI: 5493005IKINFPLJXVI11 | Long             | DBT              | MUN               | US        |    175000 | PA      | $170593.12    | 1.01%             | 2055-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND COMMERCE CORP (RI)                            | RI RHDGEN 5 06/15/2029    | CUSIP: 762232AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $291270.84    | 1.73%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                | IL ILSGEN 5 06/15/2034    | CUSIP: 452227VE8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    200000 | PA      | $222817.34    | 1.32%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HEALTH & EDL BLDG CORP                     | RI RISMED 5 05/15/2031    | CUSIP: 762244PD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $226180.96    | 1.34%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP (RI)     | RI RISMED 5.25 05/15/2054 | CUSIP: 762244MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $225455.04    | 1.34%             | 2054-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE COUNTY EDUCATIONAL FACILITIES AUTHORITY (FL)    | FL MIAEDU 5 04/01/2044    | CUSIP: 59333ANX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $345826.50    | 2.05%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUB SVC AUTH                                | SC SCSUTL 4 12/01/2043    | CUSIP: 837151ZW2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    305000 | PA      | $290038.01    | 1.72%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPT WTR & PWR                           | CA LOSUTL 5 07/01/2034    | CUSIP: 544532QC1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    200000 | PA      | $224275.48    | 1.33%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y                            | NY TRBTRN 5 11/15/2028    | CUSIP: 89602N5F7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140319.93    | 0.83%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                                        | WI PUBTRN 6.5 06/30/2060  | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $217901.16    | 1.29%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH                                   | MI MISHSG 4.75 12/01/2034 | CUSIP: 594654SD8<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    160000 | PA      | $162617.89    | 0.97%             | 2034-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY                               | MA MASDEV 5.25 07/01/2052 | CUSIP: 57584Y4T3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    275000 | PA      | $264409.37    | 1.57%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT                               | IL CHITRN 5 01/01/2030    | CUSIP: 1675937J5<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    335000 | PA      | $357075.63    | 2.12%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                                        | WI PUBGEN 5 06/01/2041    | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    375000 | PA      | $375308.21    | 2.23%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                | IL ILS 4 11/01/2036       | CUSIP: 4521525R8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    175000 | PA      | $171123.47    | 1.02%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN                                  | PA PASTRN 4 06/01/2038    | CUSIP: 709224XM6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200502.72    | 1.19%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY                               | MA MASDEV 5.5 10/01/2044  | CUSIP: 57585BTD0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    375000 | PA      | $399073.88    | 2.37%             | 2044-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                      | NY NYSHGR 5 07/01/2033    | CUSIP: 65000BLD8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    165000 | PA      | $178213.70    | 1.06%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIXED INCOME CLEARING CORPORATION                          | FICC                      | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |    455000 | PA      | $455000.00    | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| IOWA (IA), STATE OF                                        | IA IASGEN 5 06/01/2027    | CUSIP: 46257TEE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155620.20    | 0.92%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| A.B. WON PAT INTERNATIONAL AIRPORT AUTHORITY               | NY NYTTRN 4 10/31/2034    | CUSIP: 650110AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $376349.25    | 2.24%             | 2034-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                            | PA PHI 4 05/01/2037       | CUSIP: 717813YY9<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    180000 | PA      | $181752.98    | 1.08%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                               | NY MTATRN 5 11/15/2031    | CUSIP: 59261AY50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    200000 | PA      | $222141.36    | 1.32%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE CMNTY DEV DIST NO 16 FLA                           | FL VILGEN 5.12 05/01/2056 | CUSIP: 92708MAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $144915.74    | 0.86%             | 2056-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP (NY)              | NY NYTTRN 4 12/01/2039    | CUSIP: 650116EU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $239705.05    | 1.42%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                   | NY NYTTRN 5 10/01/2040    | CUSIP: 650116CZ7<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | MUN               | US        |    350000 | PA      | $354931.36    | 2.11%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COOP DIST ALA                        | AL SEEPWR 5 11/01/2035    | CUSIP: 84136HDM2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    240000 | PA      | $250631.93    | 1.49%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                | TX HOUFAC 5 09/01/2038    | CUSIP: 44237NMH2<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    400000 | PA      | $441372.80    | 2.62%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS PRIVATE ACTIVITY BD SURFACE TRANSPORTATION CORP      | TX TXSTRN 4 12/31/2037    | CUSIP: 882667AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $175547.27    | 1.04%             | 2037-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AUTH FLA                                        | FL CTSMED 5 12/01/2030    | CUSIP: 14055GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $194382.38    | 1.15%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FLA                                               | FL LEEAPT 10/01/2056      | CUSIP: 523470JS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214354.46    | 1.27%             | 2056-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY ARIZ INDL DEV AUTH                               | AZ PIMDEV 4 04/01/2046    | CUSIP: 721901KW5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    150000 | PA      | $129849.71    | 0.77%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                            | NJ NJSTRN 4 06/15/2042    | CUSIP: 64613CEW4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    365000 | PA      | $356733.37    | 2.12%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH                                        | IN INSFIN 4 02/01/2036    | CUSIP: 45506EFE8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    115000 | PA      | $116792.36    | 0.69%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                | IL ILS 5 05/01/2036       | CUSIP: 452152X97<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    165000 | PA      | $168748.40    | 1.00%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA                                        | FL MDCTRN 4 10/01/2045    | CUSIP: 59335KDF1<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    340000 | PA      | $308282.32    | 1.83%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP (NY)              | NY NYTTRN 5.5 12/31/2054  | CUSIP: 650116HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $216490.79    | 1.29%             | 2054-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                | IL ILS 5 05/01/2035       | CUSIP: 452153FB0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    140000 | PA      | $150017.34    | 0.89%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA STATE PUBLIC SCHOOL & COLLEGE AUTHORITY (AL)       | AL ALSHGR 4 11/01/2040    | CUSIP: 010609FU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199830.32    | 1.19%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS PRIVATE ACTIVITY BD SURFACE TRANSPORTATION CORP      | TX TXSTRN 5 06/30/2058    | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $387303.88    | 2.30%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH FINANCING AUTHORITY (PA)                      | PA CMNGEN 4 06/01/2039    | CUSIP: 20282EAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $360291.56    | 2.14%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEA FLA                                                    | FL JACPWR 4 10/01/2037    | CUSIP: 46613SGA2<br>LEI: FTZJK89L6NCYPIPKZN93 | Long             | DBT              | MUN               | US        |    415000 | PA      | $416163.08    | 2.47%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND COMMERCE CORP (RI)                            | RI RHDGEN 5 06/15/2027    | CUSIP: 762232AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180776.32    | 1.07%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                | ND NDSMFH 4.7 07/01/2045  | CUSIP: 65889BEL4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    425000 | PA      | $423976.52    | 2.52%             | 2045-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH                                           | IN INDHSG 5 07/01/2054    | CUSIP: 45471FAX9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    165000 | PA      | $159247.70    | 0.95%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORP                          | TN TNSUTL 05/01/2053      | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154718.97    | 0.92%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH ORLANDO FLA                  | FL GREAPT 5.5 11/01/2037  | CUSIP: 39227AAD4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260433.98    | 1.55%             | 2037-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (FL)  | FL HILMED 4 08/01/2050    | CUSIP: 43233AFD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $126635.12    | 0.75%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUB SVC AUTH                                | SC SCSUTL 4 12/01/2035    | CUSIP: 837151XY0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254350.93    | 1.51%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FLA                                               | FL LEEAPT 5 10/01/2036    | CUSIP: 523470JC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136781.86    | 0.81%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                | IL ILSGEN 5 06/15/2038    | CUSIP: 452227UP4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    175000 | PA      | $188623.23    | 1.12%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS TRANSN COMMN ST HWY FD                               | TX TXSTRN 5 08/15/2039    | CUSIP: 88283KCE6<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    300000 | PA      | $325812.69    | 1.94%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN POWER AGENCY (UT)                            | UT INTPWR 5 07/01/2041    | CUSIP: 45884AF73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $207107.16    | 1.23%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON (AL), COUNTY OF                                  | AL JEFUTL 5.5 10/01/2053  | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $337924.11    | 2.01%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHOENIX CITY CIVIC IMPROVEMENT CORP (AZ)                   | AZ PHOAPT 4 07/01/2039    | CUSIP: 71883MPX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $278383.93    | 1.65%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** AMG ETF Trust

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer