# EDGAR Filing Document

**Accession Number:** 0000720309
**File Stem:** 0000940400-26-002846
**Filing Date:** 2026-1
**Character Count:** 28581
**Document Hash:** 9a0c6a8a1d4e31ba5097c325a9d55e66
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002846.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000940400-26-002846

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251128

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260531

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03752
- **FILM NUMBER:** 26575838

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGERS FUNDS
- **DATE OF NAME CHANGE:** 19920703

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

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

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

- **a. Name of Series:** AMG GW&K International Small Cap Fund

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

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

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-28

**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:** $44302535.75

**Total Liabilities:** $798286.39

**Net Assets:** $43504249.36

**Cash Not Reported:** $47541.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000091187 | 0.06%                | -1.93%               | 1.37%                |
| Class ID C000091188 | 0.07%                | -1.93%               | 1.40%                |
| Class ID C000188985 | 0.09%                | -1.92%               | 1.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-38946.36               | $-117349.39                                |
| Month 2  | $251306.55               | $-1401700.82                               |
| Month 3  | $164884.43               | $451893.82                                 |

### Schedule of Portfolio Investments

| Name                             | Title                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Integral Corp                    | Integral Corp                          | CUSIP: 000000000<br>LEI: 254900LBW5E2GUM0UK59 | Long             | EC               | CORP              | JP        |     25600 | NS      | $583681.75    | 1.34%             |  |  |  | No            |                  2 | On Loan: —       |
| Riverstone Holdings Ltd          | Riverstone Holdings Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    735700 | NS      | $468472.59    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Ituran Location and Control Lt   | Ituran Location and Control Ltd        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     15471 | NS      | $619458.84    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Coface SA                        | Coface SA                              | CUSIP: 000000000<br>LEI: 96950025N07LTJYFSN57 | Long             | EC               | CORP              | FR        |     24972 | NS      | $440069.22    | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES LLC           | CITADEL SECURITIES LLC                 | CUSIP: 000000000<br>LEI: 12UUJYTN7D3SW8KCSG25 | Long             | RA               | CORP              | US        |    620000 | PA      | $620000.00    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Hearts Holdings Co Ltd   | Digital Hearts Holdings Co Ltd         | CUSIP: 000000000<br>LEI: 353800YFGI3U64VW0H08 | Long             | EC               | CORP              | JP        |     55075 | NS      | $335163.99    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Safestore Holdings PLC           | Safestore Holdings PLC                 | CUSIP: 000000000<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               | CORP              | GB        |     45160 | NS      | $443256.04    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Richelieu Hardware Ltd           | Richelieu Hardware Ltd                 | CUSIP: 76329W103<br>LEI: 5493007VPNETW465DN04 | Long             | EC               | CORP              | CA        |     18950 | NS      | $532653.05    | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Max Stock Ltd                    | Max Stock Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    101823 | NS      | $753583.72    | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Avon Technologies PLC            | Avon Technologies PLC                  | CUSIP: 000000000<br>LEI: 213800JM1AN62REBWA71 | Long             | EC               | CORP              | GB        |     19112 | NS      | $458915.78    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Siegfried Holding AG             | Siegfried Holding AG                   | CUSIP: 000000000<br>LEI: 506700J9QD6IF3937W06 | Long             | EC               | CORP              | CH        |      3900 | NS      | $350033.20    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Clarkson PLC                     | Clarkson PLC                           | CUSIP: 000000000<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |     13236 | NS      | $662496.84    | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Becle SAB de CV                  | Becle SAB de CV                        | CUSIP: 000000000<br>LEI: 529900JY55CZKMJLCE09 | Long             | EC               | CORP              | MX        |    415050 | NS      | $494404.13    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Marshalls PLC                    | Marshalls PLC                          | CUSIP: 000000000<br>LEI: 213800S21IFC367J5V62 | Long             | EC               | CORP              | GB        |    119720 | NS      | $284935.11    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cairn Homes PLC                  | Cairn Homes PLC                        | CUSIP: 000000000<br>LEI: 635400DPX6WP2KKDOA83 | Long             | EC               | CORP              | IE        |    295193 | NS      | $696258.75    | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| FE CONSORT INTL                  | Far East Consortium International Ltd  | CUSIP: 000000000<br>LEI: 54930031259IQB0EH527 | Long             | EC               | CORP              | HK        |   3031214 | NS      | $273020.08    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Volution Group PLC               | Volution Group PLC                     | CUSIP: 000000000<br>LEI: 213800EPT84EQCDHO768 | Long             | EC               | CORP              | GB        |     68195 | NS      | $570504.64    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Plus Group                 | Delta Plus Group                       | CUSIP: 000000000<br>LEI: 969500U6FT40W3C2CX75 | Long             | EC               | CORP              | FR        |      6209 | NS      | $345973.73    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Games Workshop Group PLC         | Games Workshop Group PLC               | CUSIP: 000000000<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |      2678 | NS      | $688627.74    | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Kusuri no Aoki Holdings Co Ltd   | Kusuri no Aoki Holdings Co Ltd         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     24925 | NS      | $623377.60    | 1.43%             |  |  |  | No            |                  2 | On Loan: —       |
| Vistry Group PLC                 | Vistry Group PLC                       | CUSIP: 000000000<br>LEI: 2138001KOWN7CG9SLK53 | Long             | EC               | CORP              | GB        |     40303 | NS      | $355612.81    | 0.82%             |  |  |  | No            |                  2 | On Loan: —       |
| ULS Group Inc                    | ULS Group Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    153500 | NS      | $581455.96    | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Takuma Co Ltd                    | Takuma Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     41900 | NS      | $672237.53    | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Bolsa Mexicana de Valores SAB    | Bolsa Mexicana de Valores SAB de CV    | CUSIP: 000000000<br>LEI: 894500CS2D6RLGW61A19 | Long             | EC               | CORP              | MX        |    263165 | NS      | $530902.78    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ai Holdings Corp                 | Ai Holdings Corp                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33050 | NS      | $588439.40    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Herdez SAB de CV           | Grupo Herdez SAB de CV                 | CUSIP: 000000000<br>LEI: 4469000001BQVIMOLQ55 | Long             | EC               | CORP              | MX        |    190738 | NS      | $766036.99    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Nisso Holdings Co Ltd            | Nisso Holdings Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     82400 | NS      | $365276.99    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsuzuki Denki Co Ltd             | Tsuzuki Denki Co Ltd                   | CUSIP: 000000000<br>LEI: 3538008A8ICJLVI54474 | Long             | EC               | CORP              | JP        |     32600 | NS      | $677299.50    | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Omni Bridgeway Ltd               | Omni Bridgeway Ltd                     | CUSIP: 000000000<br>LEI: 529900T4EL2A89FPP865 | Long             | EC               | CORP              | AU        |    421837 | NS      | $435277.25    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Senshu Electric Co Ltd           | Senshu Electric Co Ltd                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     30640 | NS      | $937595.59    | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite Group SA               | Samsonite Group SA                     | CUSIP: 000000000<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | US        |    207300 | NS      | $512396.27    | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Nutrisa SAB de CV          | Grupo Nutrisa SAB de CV                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    113427 | NS      | $27828.38     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Inabata & Co Ltd                 | Inabata & Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28100 | NS      | $666856.46    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Haw Par Corp Ltd                 | Haw Par Corp Ltd                       | CUSIP: 000000000<br>LEI: 254900579AKHEY30PA63 | Long             | EC               | CORP              | SG        |     62300 | NS      | $737835.99    | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| DMG Mori Co Ltd                  | DMG Mori Co Ltd                        | CUSIP: 000000000<br>LEI: 353800P4I3FIXTQV2E13 | Long             | EC               | CORP              | JP        |     34200 | NS      | $600511.26    | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Krones AG                        | Krones AG                              | CUSIP: 000000000<br>LEI: 529900NY2GSZWWUBW049 | Long             | EC               | CORP              | DE        |      3487 | NS      | $527644.56    | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Hosokawa Micron Corp             | Hosokawa Micron Corp                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14450 | NS      | $517424.72    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Vidrala SA                       | Vidrala SA                             | CUSIP: 000000000<br>LEI: 95980020140005399488 | Long             | EC               | CORP              | ES        |      5902 | NS      | $574531.46    | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Information Technologi   | Digital Information Technologies Corp  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     50746 | NS      | $850502.26    | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC         | Howden Joinery Group PLC               | CUSIP: 000000000<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |     52585 | NS      | $585863.36    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Financial Ltd            | Phoenix Financial Ltd                  | CUSIP: 000000000<br>LEI: 254900IUA68QTCFYHE30 | Long             | EC               | CORP              | IL        |     23687 | NS      | $953763.53    | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Tel Aviv Stock Exchange Ltd      | Tel Aviv Stock Exchange Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     38487 | NS      | $1053503.19   | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| NE Inc                           | NE Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     65708 | NS      | $294035.99    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Technology Holdings pl   | Ashtead Technology Holdings plc        | CUSIP: 000000000<br>LEI: 213800LHEWVY66RPGR58 | Long             | EC               | CORP              | GB        |    124022 | NS      | $587368.85    | 1.35%             |  |  |  | No            |                  2 | On Loan: —       |
| Yossix Holdings Co Ltd           | Yossix Holdings Co Ltd                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     32304 | NS      | $608605.80    | 1.40%             |  |  |  | No            |                  2 | On Loan: —       |
| Garrett Motion Inc               | Garrett Motion Inc                     | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | CH        |     50460 | NS      | $834103.80    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadleaf Co Ltd                 | Broadleaf Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    136500 | NS      | $655932.72    | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| NOF Corp                         | NOF Corp                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     31900 | NS      | $647640.37    | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Niterra Co Ltd                   | Niterra Co Ltd                         | CUSIP: 000000000<br>LEI: 549300RG3XQGTFM4HH31 | Long             | EC               | CORP              | JP        |     19200 | NS      | $830257.49    | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| NFI Group Inc                    | NFI Group Inc                          | CUSIP: 62910L102<br>LEI: 549300VX6QRAVXOXZW59 | Long             | EC               | CORP              | CA        |     50569 | NS      | $497566.10    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanki Engineering Co Ltd         | Sanki Engineering Co Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     17600 | NS      | $627181.25    | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Corticeira Amorim SGPS SA        | Corticeira Amorim SGPS SA              | CUSIP: 000000000<br>LEI: 213800J5M11TDEP3LQ76 | Long             | EC               | CORP              | PT        |     50773 | NS      | $396584.80    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| ADENTRA Inc                      | ADENTRA Inc                            | CUSIP: 00686A108<br>LEI: 254900S1MZ7WZBPR5U32 | Long             | EC               | CORP              | CA        |     26824 | NS      | $639960.04    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Kitron ASA                       | Kitron ASA                             | CUSIP: 000000000<br>LEI: 5967007LIEEXZXIG6009 | Long             | EC               | CORP              | NO        |    141535 | NS      | $843554.60    | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaga Electronics Co Ltd          | Kaga Electronics Co Ltd                | CUSIP: 000000000<br>LEI: 3538005V2HARHWLTPJ42 | Long             | EC               | CORP              | JP        |     23200 | NS      | $558062.12    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| FRP Advisory Group PLC           | FRP Advisory Group PLC                 | CUSIP: 000000000<br>LEI: 213800IPCG6DE1CVLY36 | Long             | EC               | CORP              | GB        |    294520 | NS      | $557494.26    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GVS SpA                          | GVS SpA                                | CUSIP: 000000000<br>LEI: 81560013EACB40B52D17 | Long             | EC               | CORP              | IT        |     70870 | NS      | $333407.41    | 0.77%             |  |  |  | No            |                  2 | On Loan: —       |
| Rightmove PLC                    | Rightmove PLC                          | CUSIP: 000000000<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |     50586 | NS      | $367488.09    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| MISUMI Group Inc                 | MISUMI Group Inc                       | CUSIP: 000000000<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |     42300 | NS      | $612338.45    | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Paradox Interactive AB           | Paradox Interactive AB                 | CUSIP: 000000000<br>LEI: 529900QNSZUY53R5WW95 | Long             | EC               | CORP              | SE        |     22992 | NS      | $443037.22    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST MARKETS SECURITIES INC.  | NATWEST MARKETS SECURITIES INC         | CUSIP: 000000000<br>LEI: ZE2ZWJ5BTIQJ8M0C6K34 | Long             | RA               | CORP              | US        |     40859 | PA      | $40859.00     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Elevator Service Holding   | Japan Elevator Service Holdings Co Ltd | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     42800 | NS      | $532592.28    | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin Maint Holdings Co Ltd       | Shin Maint Holdings Co Ltd             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6000 | NS      | $43130.68     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Gift Holdings Inc                | Gift Holdings Inc                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     46174 | NS      | $979605.14    | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BNY MELLON, NATIONAL ASSOCIATION | FICC                                   | CUSIP: 000000000<br>LEI: 4EP6JBYBTPTQ47LZOB67 | Long             | RA               | CORP              | US        |   2291000 | PA      | $2291000.00   | 5.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sarantis SA                      | Sarantis SA                            | CUSIP: 000000000<br>LEI: 21380078FJXYHFE8KP46 | Long             | EC               | CORP              | GR        |     56782 | NS      | $814363.24    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Incap Oyj                        | Incap Oyj                              | CUSIP: 000000000<br>LEI: 7437004GENTTQHMNQ407 | Long             | EC               | CORP              | FI        |     41294 | NS      | $432337.18    | 0.99%             |  |  |  | No            |                  2 | On Loan: —       |
| Argo Graphics Inc                | Argo Graphics Inc                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     70800 | NS      | $748707.33    | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| MIPS AB                          | MIPS AB                                | CUSIP: 000000000<br>LEI: 549300LZSA4S0L54VQ25 | Long             | EC               | CORP              | SE        |      7351 | NS      | $244262.33    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Parking Development Co    | Nippon Parking Development Co Ltd      | CUSIP: 000000000<br>LEI: 353800OBX8MRKQA9PG73 | Long             | EC               | CORP              | JP        |    421675 | NS      | $767379.54    | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Food Group PLC            | Hilton Food Group PLC                  | CUSIP: 000000000<br>LEI: 213800JY7VJFS2OOX355 | Long             | EC               | CORP              | GB        |     40740 | NS      | $274491.17    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamee Corp                       | Hamee Corp                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     66608 | NS      | $218801.66    | 0.50%             |  |  |  | No            |                  2 | On Loan: —       |
| Nihon Falcom Corp                | Nihon Falcom Corp                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     53925 | NS      | $518257.47    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| BFF Bank SpA                     | BFF Bank SpA                           | CUSIP: 000000000<br>LEI: 815600522538355AE429 | Long             | EC               | CORP              | IT        |     50585 | NS      | $643041.85    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Elopak ASA                       | Elopak ASA                             | CUSIP: 000000000<br>LEI: 529900BIDQN2AOKV6N08 | Long             | EC               | CORP              | NO        |    183151 | NS      | $890585.11    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kusurinomadoguchi Inc            | Kusurinomadoguchi Inc                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     26800 | NS      | $492341.67    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** AMG Funds III

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer