# EDGAR Filing Document

**Accession Number:** 0000882443
**File Stem:** 0001752724-25-212520
**Filing Date:** 2025-8
**Character Count:** 30848
**Document Hash:** 52d1689bb02461a7a6c39804024ddb87
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212520.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212520

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**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:** 251278034

**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 Veritas Global Real Return Fund (Series ID: S000041918)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000130200 | Class I      | BLUEX           |

## Nport-Ex

AMG Veritas Global Real Return Fund

Schedule of Portfolio Investments *(unaudited)*

June 30, 2025

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 91.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services - 7.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A (United States) | &nbsp;&nbsp;25802 | &nbsp;&nbsp;$4547086 |
| &nbsp;&nbsp;&nbsp;Charter Communications, Inc., Class A (United States)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7854 | &nbsp;&nbsp;&nbsp;&nbsp;3210794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp;7757880 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 12.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Amadeus IT Group, S.A. (Spain) | &nbsp;&nbsp;&nbsp;51505 | &nbsp;&nbsp;&nbsp;&nbsp;4351299 |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc. (United States)<sup>\*</sup> | &nbsp;&nbsp;26070 | &nbsp;&nbsp;&nbsp;&nbsp;5719497 |
| &nbsp;&nbsp;&nbsp;Cie Financiere Richemont, S.A. (Switzerland) | &nbsp;&nbsp;&nbsp;10301 | &nbsp;&nbsp;&nbsp;&nbsp;1949288 |
| &nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings, Inc. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;4652 | &nbsp;&nbsp;&nbsp;&nbsp;1239014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;13259098 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples - 8.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Diageo PLC (United Kingdom) | 148056 | &nbsp;&nbsp;&nbsp;&nbsp;3733396 |
| &nbsp;&nbsp;&nbsp;Unilever PLC (United Kingdom) | &nbsp;&nbsp;&nbsp;78837 | &nbsp;&nbsp;&nbsp;&nbsp;4812001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;&nbsp;8545397 |
| &nbsp;&nbsp;&nbsp;**Financials - 8.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Aon PLC, Class A (United Kingdom) | &nbsp;&nbsp;&nbsp;&nbsp;9531 | &nbsp;&nbsp;&nbsp;&nbsp;3400279 |
| &nbsp;&nbsp;&nbsp;The Charles Schwab Corp. (United States) | &nbsp;&nbsp;&nbsp;14820 | &nbsp;&nbsp;&nbsp;&nbsp;1352177 |
| &nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. (United States) | &nbsp;&nbsp;&nbsp;11397 | &nbsp;&nbsp;&nbsp;&nbsp;2091008 |
| &nbsp;&nbsp;&nbsp;Mastercard, Inc., Class A (United States) | &nbsp;&nbsp;&nbsp;&nbsp;3619 | &nbsp;&nbsp;&nbsp;&nbsp;2033661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Financials |  | &nbsp;&nbsp;&nbsp;&nbsp;8877125 |
| &nbsp;&nbsp;&nbsp;**Health Care - 16.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Becton Dickinson & Co. (United States) | &nbsp;&nbsp;&nbsp;14920 | &nbsp;&nbsp;&nbsp;&nbsp;2569970 |
| &nbsp;&nbsp;&nbsp;Bio-Rad Laboratories, Inc., Class A (United States)<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;6096 | &nbsp;&nbsp;&nbsp;&nbsp;1471087 |
| &nbsp;&nbsp;&nbsp;Elevance Health, Inc. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;5907 | &nbsp;&nbsp;&nbsp;&nbsp;2297586 |
| &nbsp;&nbsp;&nbsp;Sonic Healthcare, Ltd. (Australia) | &nbsp;&nbsp;&nbsp;20071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354277 |
| &nbsp;&nbsp;&nbsp;Thermo Fisher Scientific, Inc. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;6867 | &nbsp;&nbsp;&nbsp;&nbsp;2784294 |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group, Inc. (United States) | &nbsp;&nbsp;&nbsp;17506 | &nbsp;&nbsp;&nbsp;&nbsp;5461347 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;Zoetis, Inc. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2123571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17062132 |
| &nbsp;&nbsp;&nbsp;**Industrials - 22.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Airbus SE (France) | &nbsp;&nbsp;&nbsp;&nbsp;27070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5663064 |
| &nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City, Ltd. (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;53623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4250695 |
| &nbsp;&nbsp;&nbsp;Safran, S.A. (France) | &nbsp;&nbsp;&nbsp;&nbsp;17066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5565636 |
| &nbsp;&nbsp;&nbsp;Siemens AG (Germany) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2058719 |
| &nbsp;&nbsp;&nbsp;Vinci, S.A. (France) | &nbsp;&nbsp;&nbsp;&nbsp;34082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5026086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22564200 |
| &nbsp;&nbsp;&nbsp;**Information Technology - 15.4%** |  |  |
| &nbsp;&nbsp;&nbsp;ASML Holding, N.V. (Netherlands) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1231655 |
| &nbsp;&nbsp;&nbsp;Dassault Systemes SE (France) | &nbsp;&nbsp;&nbsp;&nbsp;82795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000625 |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8580820 |
| &nbsp;&nbsp;&nbsp;Salesforce, Inc. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;10706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2919419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Information Technology |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15732519 |
| **Total Common Stocks<br> (Cost $81,819,327)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93798351 |
| **Short-Term Investments - 6.4%** |  |  |
| &nbsp;&nbsp;&nbsp;**Other Investment Companies - 6.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Dreyfus Government Cash Management Fund, Institutional Shares, 4.21%<sup>2</sup> | &nbsp;&nbsp;2615897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2615897 |
| &nbsp;&nbsp;&nbsp;Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.29%<sup>2</sup> | 3923846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3923846 |
| **Total Short-Term Investments<br> (Cost $6,539,743)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6539743 |
| **Total Investments - 98.0%<br> (Cost $88,359,070)** |  | &nbsp;&nbsp;&nbsp;&nbsp; 100338094 |
| **Derivatives - (0.7)%<sup>3</sup>** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (666112) |
| **Other Assets, less Liabilities - 2.7%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2663470 |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$102335452** |

---

------

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

<sup>1</sup> Some of this security, amounting to $68,294 or 0.1% of net assets, was out on loan to various borrowers and is collateralized by various U.S. Treasury Obligations. See below for more information.

<sup>2</sup> Yield shown represents the June 30, 2025, seven day average yield, which refers to the sum of the previous seven days' dividends paid, expressed as an annual percentage.

<sup>3</sup> Includes Futures Contracts. Please refer to the Open Futures Contracts table for the details.

------

AMG Veritas Global Real Return Fund

Schedule of Portfolio Investments *(continued)*

#### Open Futures Contracts

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | &nbsp;&nbsp;&nbsp;&nbsp;**Currency** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Position** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;&nbsp;&nbsp;**Current<br> Notional<br> Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Value and<br> Unrealized<br> Gain/(Loss)** |
| EURO STOXX 50 | &nbsp;&nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;128 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;&nbsp;09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp;$(8031923) | &nbsp;&nbsp;&nbsp;&nbsp;$(23146) |
| S&P 500 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;78 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;&nbsp;09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp;(24389625) | &nbsp;&nbsp;&nbsp;&nbsp;(642966) |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | &nbsp;&nbsp;&nbsp;&nbsp;$(666112) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**CURRENCY ABBREVIATIONS:** | &nbsp;&nbsp;**CURRENCY ABBREVIATIONS:** |
| &nbsp;&nbsp;EUR | Euro Dollar |
| &nbsp;&nbsp;USD | U.S. Dollar |

---

The following table summarizes the inputs used to value the Fund's investments by the fair value hierarchy levels as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2<sup>1</sup>** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** |
| &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** | &nbsp;&nbsp;&nbsp;**Common Stocks** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp; $4250695 | &nbsp;&nbsp;&nbsp; $18313505 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; $22564200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | &nbsp;&nbsp;&nbsp;&nbsp; 16707855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354277 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17062132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | &nbsp;&nbsp;&nbsp;&nbsp; 11500239 | &nbsp;&nbsp;&nbsp;&nbsp; 4232280 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15732519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6958511 | &nbsp;&nbsp;&nbsp;&nbsp; 6300587 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13259098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8877125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8877125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8545397 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8545397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7757880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7757880 |
| &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;Other Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 6539743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6539743 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;$62592048 | &nbsp;&nbsp;$37746046 | &nbsp;&nbsp;— | &nbsp;&nbsp;$100338094 |
| &nbsp;&nbsp;&nbsp;**Financial Derivative Instruments - Liabilities** | &nbsp;&nbsp;&nbsp;**Financial Derivative Instruments - Liabilities** | &nbsp;&nbsp;&nbsp;**Financial Derivative Instruments - Liabilities** | &nbsp;&nbsp;&nbsp;**Financial Derivative Instruments - Liabilities** | &nbsp;&nbsp;&nbsp;**Financial Derivative Instruments - Liabilities** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(666112) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(666112) |
| &nbsp;&nbsp;**Total Financial Derivative Instruments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(666112) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(666112) |

---

<br> <sup>1</sup> An external pricing service is used to reflect any impact on security value due to market movements between the time the Fund valued such foreign securities and the earlier closing of foreign markets.

For the period ended June 30, 2025, there were no transfers in or out of Level 3.

------

AMG Veritas Global Real Return Fund

Schedule of Portfolio Investments *(continued)*

The country allocation in the Schedule of Portfolio Investments at June 30, 2025, was as follows:

---

| | |
|:---|:---|
| **Country** | &nbsp;&nbsp;**% of Long-Term<br> Investments** |
| Australia | &nbsp;&nbsp;&nbsp;&nbsp;0.4 |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;4.5 |
| France | &nbsp;&nbsp;&nbsp;20.5 |
| Germany | &nbsp;&nbsp;&nbsp;&nbsp;2.2 |
| Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;1.3 |
| Spain | &nbsp;&nbsp;&nbsp;&nbsp;4.7 |
| Switzerland | &nbsp;&nbsp;&nbsp;&nbsp;2.1 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;12.7 |
| United States | &nbsp;&nbsp;&nbsp;&nbsp;51.6 |
|  | &nbsp;&nbsp;100.0 |

---

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 June 30, 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** |
| $68294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $70659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $70659 |

---

The following table summarizes the securities received as collateral for securities lending at June 30, 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%-5.000% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08/31/25-11/15/54 |

---

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 Veritas Global Real Return Fund

- **b. EDGAR series identifier (if any):** S000041918

- **c. LEI of Series:** 549300RRNGSPWNCIAG56

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $102568010.54

**Total Liabilities:** $225077.05

**Net Assets:** $102342933.49

**Cash Not Reported:** $2908016.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130200 | 0.68%                | 0.73%                | 1.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2232948.03              | $-2208933.94                               |
| Month 2  | $-306211.19              | $2979132.73                                |
| Month 3  | $-195388.87              | $2605692.81                                |

**Designated Index Information**

- **Index Name:** MSCI WORLD

- **Index Identifier:** MXWO Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Canadian Pacific Kansas City L                               | Canadian Pacific Kansas City Ltd                             | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     53623 | NS      | $4250695.21   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SECURITIES (USA) LLC                                      | TD SECURITIES (USA) LLC                                      | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Long             | RA               | CORP              | US        |       379 | PA      | $379.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                                 | Unilever PLC                                                 | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     78837 | NS      | $4812001.18   | 4.70%             |  |  |  | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                       | UnitedHealth Group Inc                                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     17506 | NS      | $5461346.82   | 5.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Institutional Preferred Government Money Market Fund | Dreyfus Institutional Preferred Government Money Market Fund | CUSIP: 26200X100<br>LEI: 5493001BRBYRXP4A4K56 | Long             | STIV             | RF                | US        |   3923846 | NS      | $3923845.54   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                                    | Safran SA                                                    | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     17066 | NS      | $5565635.72   | 5.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoetis Inc                                                   | Zoetis Inc                                                   | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     13617 | NS      | $2123571.15   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                                      | Aon PLC                                                      | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |      9531 | NS      | $3400279.56   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Healthcare Ltd                                         | Sonic Healthcare Ltd                                         | CUSIP: 000000000<br>LEI: 549300NQQ5L2NONWR862 | Long             | EC               | CORP              | AU        |     21606 | NS      | $381371.60    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard Inc                                               | Mastercard Inc                                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      3619 | NS      | $2033660.86   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                      | Charles Schwab Corp/The                                      | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     14820 | NS      | $1352176.80   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                               | Salesforce Inc                                               | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     10706 | NS      | $2919419.14   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                                         | Dassault Systemes SE                                         | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     82795 | NS      | $3000625.62   | 2.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                                     | Vinci SA                                                     | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     34082 | NS      | $5026085.71   | 4.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management                           | Dreyfus Government Cash Management                           | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   2615897 | NS      | $2615897.02   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                                          | Elevance Health Inc                                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      5907 | NS      | $2297586.72   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc                                     | Bio-Rad Laboratories Inc                                     | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      6096 | NS      | $1471086.72   | 1.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Charter Communications Inc                                   | Charter Communications Inc                                   | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      7854 | NS      | $3210793.74   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                              | ASML Holding NV                                              | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1537 | NS      | $1231654.72   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                                   | Siemens AG                                                   | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      8015 | NS      | $2058718.46   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                                                 | Alphabet Inc                                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     25802 | NS      | $4547086.46   | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                                | Intercontinental Exchange Inc                                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     11397 | NS      | $2091007.59   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA                                  | Cie Financiere Richemont SA                                  | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     10301 | NS      | $1949287.86   | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                             | S&P500 EMINI                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       -78 | NC      | $-642965.70   | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                                    | Airbus SE                                                    | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |     27070 | NS      | $5663064.27   | 5.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Worldwide Holdings Inc                                | Hilton Worldwide Holdings Inc                                | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      4652 | NS      | $1239013.68   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                               | Microsoft Corp                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     17251 | NS      | $8580819.91   | 8.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                                   | Diageo PLC                                                   | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    148056 | NS      | $3733396.03   | 3.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Becton Dickinson & Co                                        | Becton Dickinson & Co                                        | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     14920 | NS      | $2569970.00   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                                 | Thermo Fisher Scientific Inc                                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      6867 | NS      | $2784293.82   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CITADEL SECURITIES LLC                                       | CITADEL SECURITIES LLC                                       | CUSIP: 000000000<br>LEI: 12UUJYTN7D3SW8KCSG25 | Long             | RA               | CORP              | US        |      1199 | PA      | $1199.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Amadeus IT Group SA                                          | Amadeus IT Group SA                                          | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     51505 | NS      | $4351298.88   | 4.25%             |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                            | EURO STOXX 50                                                | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               | CORP              | DE        |      -128 | NC      | $-23145.87    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                               | Amazon.com Inc                                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     26070 | NS      | $5719497.30   | 5.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** AMG Funds I

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer