# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0000940400-26-007755
**Filing Date:** 2026-2
**Character Count:** 34885
**Document Hash:** 11a319fedd540fcdc93648159a3509ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007755.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007755

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09521
- **FILM NUMBER:** 26676484

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGERS AMG FUNDS
- **DATE OF NAME CHANGE:** 19990706

## Series and Classes Contracts Data

### AMG GW&K Municipal Enhanced Yield Fund (Series ID: S000023781)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000069909 | Class I      | GWMEX           |
| C000078885 | Class N      | GWMNX           |
| C000180069 | Class Z      | GWMZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

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

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

- **a. Name of Series:** AMG GW&K Municipal Enhanced Yield Fund

- **b. EDGAR series identifier (if any):** S000023781

- **c. LEI of Series:** 5493007AA45J1A1TXE60

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $159600175.77

**Total Liabilities:** $161528.93

**Net Assets:** $159438646.84

**Cash Not Reported:** $2688.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 74.05881000 | **1-Year:** 154.38070000 | **5-Year:** 13304.49061000 | **10-Year:** 122379.12522000 | **30-Year:** 6366.11812000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 1830.75287000 | **10-Year:** 7431.43754000 | **30-Year:** 288.96202000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069909 | 1.71%                | 0.31%                | -0.14%               |
| Class ID C000078885 | 1.62%                | 0.28%                | -0.16%               |
| Class ID C000180069 | 1.71%                | 0.31%                | -0.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $20312.36                | $2313728.44                                |
| Month 2  | $-140371.01              | $48770.82                                  |
| Month 3  | $-589432.87              | $-201881.02                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HOUSTON TX ARPT SYS REVENUE      | City of Houston TX Airport System Revenue               | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $2006776.66   | 1.26%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU   | Texas Private Activity Bond Surface Transportation Corp | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036065.50   | 0.65%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH STUDENT HS   | Indiana Finance Authority                               | CUSIP: 45471FAY7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1240304.25   | 0.78%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL   | Rhode Island Health and Educational Building Corp       | CUSIP: 762244PA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1755096.18   | 1.10%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF   | Florida Development Finance Corp                        | CUSIP: 34061QBT3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2065224.44   | 1.30%             | 2052-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RICHLAND CNTY SC SCH DIST #2     | Richland County School District No 2/SC                 | CUSIP: 763682R94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7290000 | PA      | $5710743.97   | 3.58%             | 2038-03-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH   | West Virginia Hospital Finance Authority                | CUSIP: 956622X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2835322.09   | 1.78%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL   | Rhode Island Health and Educational Building Corp       | CUSIP: 762244NZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006677.70   | 0.63%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | Massachusetts Development Finance Agency                | CUSIP: 57585BJU3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002773.40   | 0.63%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING A   | Virginia Small Business Financing Authority             | CUSIP: 928097AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2017436.61   | 1.27%             | 2049-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1808812.08   | 1.13%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N   | Tobacco Settlement Financing Corp                       | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2744018.57   | 1.72%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC AUTH FOR COLORADO ST EN   | Public Authority for Colorado Energy                    | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   5395000 | PA      | $6513882.00   | 4.09%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU   | Public Finance Authority                                | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4118705.20   | 2.58%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LYNCHBURG VA ECON DEV AUTH HOS   | Lynchburg Economic Development Authority                | CUSIP: 55123TBS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $842486.20    | 0.53%             | 2055-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N   | Tobacco Settlement Financing Corp                       | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2061976.93   | 1.29%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | Massachusetts Development Finance Agency                | CUSIP: 57585BEX2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029515.50   | 0.65%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517693.10   | 0.95%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE   | California Municipal Finance Authority                  | CUSIP: 13048VZJ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $864414.60    | 0.54%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                | CUSIP: 650116JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051756.50   | 0.66%             | 2059-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VLG CDD #16 FL SPL ASSMNT REVE   | Village Community Development District No 16            | CUSIP: 92708MAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1748754.53   | 1.10%             | 2056-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL INDL DEVA   | Hillsborough County Industrial Development Authority    | CUSIP: 43233AFD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4185000 | PA      | $3587125.46   | 2.25%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL   | Rhode Island Health and Educational Building Corp       | CUSIP: 762244MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014386.70   | 0.64%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE    | County of Jefferson AL Sewer Revenue                    | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045708.90   | 0.66%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VILLAGE CDD NO 15 SPL ASSMNT R   | Village Community Development District No 15            | CUSIP: 92708KAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $955255.32    | 0.60%             | 2055-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS   | Ohio Higher Educational Facility Commission             | CUSIP: 67756DS80<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013903.80   | 0.64%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS   | Ohio Higher Educational Facility Commission             | CUSIP: 67756DS72<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019598.30   | 0.64%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES   | New York State Dormitory Authority                      | CUSIP: 64985SBV4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $897115.30    | 0.56%             | 2050-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT   | Michigan State Housing Development Authority            | CUSIP: 594654J97<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503707.85    | 0.32%             | 2051-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL    | Metropolitan Pier & Exposition Authority                | CUSIP: 592250EY6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1289283.00   | 0.81%             | 2052-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL CHRTR SC   | Capital Trust Authority                                 | CUSIP: 14054YAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $869262.60    | 0.55%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU   | Public Finance Authority                                | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094301.00   | 0.69%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HOSP FACS REV   | County of Hamilton OH                                   | CUSIP: 4072722W2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026198.70   | 0.64%             | 2051-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4196757.60   | 2.63%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF   | Florida Development Finance Corp                        | CUSIP: 34061QBU0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1606862.01   | 1.01%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH STUDENT HS   | Indiana Finance Authority                               | CUSIP: 45471FAX9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000130.30   | 0.63%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN   | Virginia Small Business Financing Authority             | CUSIP: 928104NY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968774.80    | 0.61%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE       | Public Finance Authority                                | CUSIP: 74442PL37<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004324.70   | 0.63%             | 2061-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI   | Washington State Housing Finance Commission             | CUSIP: 93978LHF6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019383.20   | 0.64%             | 2049-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | Massachusetts Development Finance Agency                | CUSIP: 57585BEY0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937596.50    | 0.59%             | 2054-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TN ELEC REVENUE      | City of Chattanooga TN Electric Revenue                 | CUSIP: 162393GC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3710000 | PA      | $2756692.87   | 1.73%             | 2040-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1653109.05   | 1.04%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL HLTH FACS AUT   | Escambia County Health Facilities Authority             | CUSIP: 296110GF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5065000 | PA      | $4277405.67   | 2.68%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R   | Tobacco Settlement Financing Corp/RI                    | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2755188.99   | 1.73%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES   | New York State Dormitory Authority                      | CUSIP: 65000BLQ9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1485662.93   | 0.93%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL   | Rhode Island Health and Educational Building Corp       | CUSIP: 762244MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4295699.83   | 2.69%             | 2054-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN   | Virginia Small Business Financing Authority             | CUSIP: 928104QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1645648.79   | 1.03%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH WI TAX INCREMENT    | Public Finance Authority                                | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1930651.56   | 1.21%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL &    | Shelby County Health & Educational Facilities Board     | CUSIP: 82170LAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965107.00    | 0.61%             | 2056-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU   | Public Finance Authority                                | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031930.30   | 0.65%             | 2060-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY GA DEV AUTH REVEN   | Fayette County Development Authority                    | CUSIP: 31222PAW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1554723.45   | 0.98%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE   | South Carolina Jobs-Economic Development Authority      | CUSIP: 83704HAM9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    750000 | PA      | $767208.90    | 0.48%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES   | New York State Dormitory Authority                      | CUSIP: 65000BLP1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1444127.88   | 0.91%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE       | Public Finance Authority                                | CUSIP: 74442PK95<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1018290.02   | 0.64%             | 2050-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL CHRTR SC   | Capital Trust Authority                                 | CUSIP: 14054YAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $895148.10    | 0.56%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G   | Central Plains Energy Project                           | CUSIP: 154871CP0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   4205000 | PA      | $4469679.94   | 2.80%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING   | Suffolk Regional Off-Track Betting Corp                 | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018263.30   | 0.64%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | Massachusetts Development Finance Agency                | CUSIP: 57584Y4T3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2737599.48   | 1.72%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FL HLTH FACS AUTH    | Miami Beach Health Facilities Authority                 | CUSIP: 593211FN0<br>LEI: 549300MFT7I1HF5VL403 | Long             | DBT              | MUN               | US        |   4185000 | PA      | $3764259.77   | 2.36%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE      | City of Houston TX Airport System Revenue               | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080265.50   | 0.68%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING    | Pennsylvania Economic Development Financing Authority   | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5025000 | PA      | $5093272.67   | 3.19%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3537761.15   | 2.22%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A   | Palm Beach County Health Facilities Authority           | CUSIP: 69650MBB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1482388.05   | 0.93%             | 2055-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE      | Indiana Finance Authority                               | CUSIP: 45506ENZ2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503185.55   | 0.94%             | 2050-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | Massachusetts Development Finance Agency                | CUSIP: 57584YL64<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4340000 | PA      | $3588759.02   | 2.25%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU   | Texas Private Activity Bond Surface Transportation Corp | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6900000 | PA      | $6729779.76   | 4.22%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                | CUSIP: 650110AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5790000 | PA      | $4918108.80   | 3.08%             | 2053-04-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV   | Colorado Health Facilities Authority                    | CUSIP: 19648FZH0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016412.20   | 0.64%             | 2045-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL    | Metropolitan Pier & Exposition Authority                | CUSIP: 592250DM3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1825297.07   | 1.14%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH STUDENT HS   | Indiana Finance Authority                               | CUSIP: 45471FAZ4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1260376.38   | 0.79%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE     | New Hampshire Business Finance Authority                | CUSIP: 63607YCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040073.80   | 0.65%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | Massachusetts Development Finance Agency                | CUSIP: 57585BJT6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1259276.75   | 0.79%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BNY MELLON, NATIONAL ASSOCIATION | FICC                                                    | CUSIP: 000000000<br>LEI: 4EP6JBYBTPTQ47LZOB67 | Long             | RA               | CORP              | US        |   4138000 | PA      | $4138000.00   | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N   | Tobacco Settlement Financing Corp                       | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1373522.11   | 0.86%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE      | City of Houston TX Airport System Revenue               | CUSIP: 442349HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086851.00   | 0.68%             | 2037-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING A   | Virginia Small Business Financing Authority             | CUSIP: 928097AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2542394.55   | 1.59%             | 2052-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | Massachusetts Development Finance Agency                | CUSIP: 57585BBT4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1153891.08   | 0.72%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R   | Massachusetts Development Finance Agency                | CUSIP: 57585BKJ6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1230056.75   | 0.77%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY GA DEV AUTH REVEN   | Fayette County Development Authority                    | CUSIP: 31222PAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1544606.25   | 0.97%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer