# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0000940400-25-011532
**Filing Date:** 2025-11
**Character Count:** 54923
**Document Hash:** 5953a5d84f8bbd84eb04af815d3042e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011532.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011532

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**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:** 251534552

**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 TimesSquare Small Cap Growth Fund (Series ID: S000009877)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027324 | Class Z      | TSCIX           |
| C000027325 | Class N      | TSCPX           |
| C000180066 | Class I      | TSQIX           |

## Nport-Ex

AMG TimesSquare Small Cap Growth Fund

Schedule of Portfolio Investments *(unaudited)*

September 30, 2025

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 94.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;NIQ Global Intelligence PLC<sup>\*</sup> | 35000 | &nbsp;&nbsp;&nbsp;$549500 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 10.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Boot Barn Holdings, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;1657200 |
| &nbsp;&nbsp;&nbsp;Bright Horizons Family Solutions, Inc.<sup>\*</sup> | &nbsp;&nbsp;11400 | &nbsp;&nbsp;&nbsp;&nbsp;1237698 |
| &nbsp;&nbsp;&nbsp;Global-e Online, Ltd. (Israel)<sup>\*</sup> | &nbsp;&nbsp;31000 | &nbsp;&nbsp;&nbsp;&nbsp;1108560 |
| &nbsp;&nbsp;&nbsp;Ollie's Bargain Outlet Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;9800 | &nbsp;&nbsp;&nbsp;&nbsp;1258320 |
| &nbsp;&nbsp;&nbsp;Pursuit Attractions and Hospitality, Inc.<sup>\*</sup> | 43830 | &nbsp;&nbsp;&nbsp;&nbsp;1585770 |
| &nbsp;&nbsp;&nbsp;Valvoline, Inc.<sup>\*,1</sup> | 49900 | &nbsp;&nbsp;&nbsp;&nbsp;1791909 |
| &nbsp;&nbsp;&nbsp;Warby Parker, Inc., Class A<sup>\*</sup> | 54200 | &nbsp;&nbsp;&nbsp;1494836 |
| &nbsp;&nbsp;&nbsp;Wingstop, Inc.<sup>1</sup> | &nbsp;&nbsp;&nbsp;1530 | &nbsp;&nbsp;&nbsp;&nbsp;385070 |
| &nbsp;&nbsp;&nbsp;Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;21900 | &nbsp;&nbsp;&nbsp;&nbsp;1749810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;&nbsp;12269173 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples - 4.8%** |  |  |
| &nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;25700 | &nbsp;&nbsp;&nbsp;2396525 |
| &nbsp;&nbsp;&nbsp;The Chefs' Warehouse, Inc.<sup>\*,1</sup> | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;1749900 |
| &nbsp;&nbsp;&nbsp;Guardian Pharmacy Services, Inc., Class A<sup>\*</sup> | 48300 | &nbsp;&nbsp;&nbsp;1266909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;5413334 |
| &nbsp;&nbsp;&nbsp;**Energy - 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Cactus, Inc., Class A | &nbsp;&nbsp;14100 | &nbsp;&nbsp;&nbsp;&nbsp;556527 |
| &nbsp;&nbsp;&nbsp;Matador Resources Co. | 22600 | &nbsp;&nbsp;&nbsp;&nbsp;1015418 |
| &nbsp;&nbsp;&nbsp;Uranium Energy Corp. (Canada)<sup>\*</sup> | 63500 | &nbsp;&nbsp;&nbsp;&nbsp;847090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Energy |  | &nbsp;&nbsp;&nbsp;2419035 |
| &nbsp;&nbsp;&nbsp;**Financials - 8.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Hamilton Lane, Inc., Class A | &nbsp;&nbsp;17000 | &nbsp;&nbsp;&nbsp;&nbsp;2291430 |
| &nbsp;&nbsp;&nbsp;Neptune Insurance Holdings, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;&nbsp;2496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49920 |
| &nbsp;&nbsp;&nbsp;Paymentus Holdings, Inc., Class A<sup>\*</sup> | 40800 | &nbsp;&nbsp;&nbsp;1248480 |
| &nbsp;&nbsp;&nbsp;Piper Sandler Cos. | &nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;1734950 |
| &nbsp;&nbsp;&nbsp;PJT Partners, Inc., Class A | &nbsp;&nbsp;&nbsp;7600 | &nbsp;&nbsp;&nbsp;&nbsp;1350748 |
| &nbsp;&nbsp;&nbsp;Victory Capital Holdings, Inc., Class A | 42200 | &nbsp;&nbsp;&nbsp;&nbsp;2732872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Financials |  | &nbsp;&nbsp;9408400 |
| &nbsp;&nbsp;&nbsp;**Health Care - 16.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Abivax, S.A., ADR (France)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;6785 | &nbsp;&nbsp;&nbsp;&nbsp;576047 |
| &nbsp;&nbsp;&nbsp;Addus HomeCare Corp.<sup>\*</sup> | &nbsp;&nbsp;21500 | &nbsp;&nbsp;&nbsp;2536785 |
| &nbsp;&nbsp;&nbsp;Ceribell, Inc.<sup>\*,1</sup> | 43000 | &nbsp;&nbsp;&nbsp;&nbsp;494070 |
| &nbsp;&nbsp;&nbsp;CG Oncology, Inc.<sup>\*,1</sup> | 26500 | &nbsp;&nbsp;&nbsp;&nbsp;1067420 |
| &nbsp;&nbsp;&nbsp;Disc Medicine, Inc.<sup>\*</sup> | &nbsp;&nbsp;10400 | &nbsp;&nbsp;&nbsp;&nbsp;687232 |
| &nbsp;&nbsp;&nbsp;iRhythm Technologies, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;3800 | &nbsp;&nbsp;&nbsp;&nbsp;653562 |
| &nbsp;&nbsp;&nbsp;Krystal Biotech, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;6200 | &nbsp;&nbsp;&nbsp;1094486 |
| &nbsp;&nbsp;&nbsp;Merus, N.V. (Netherlands)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;&nbsp;800275 |
| &nbsp;&nbsp;&nbsp;Mirum Pharmaceuticals, Inc.<sup>\*</sup> | &nbsp;&nbsp;15500 | &nbsp;&nbsp;&nbsp;&nbsp;1136305 |
| &nbsp;&nbsp;&nbsp;Newamsterdam Pharma Co., N.V. (Netherlands)<sup>\*</sup> | &nbsp;&nbsp;47100 | &nbsp;&nbsp;&nbsp;&nbsp;1339524 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;Repligen Corp.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;6800 | &nbsp;&nbsp;&nbsp;$908956 |
| &nbsp;&nbsp;&nbsp;Shoulder Innovations, Inc.<sup>\*</sup> | &nbsp;&nbsp;20627 | &nbsp;&nbsp;&nbsp;&nbsp;258869 |
| &nbsp;&nbsp;&nbsp;Soleno Therapeutics, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;19602 | &nbsp;&nbsp;&nbsp;1325095 |
| &nbsp;&nbsp;&nbsp;Stevanato Group S.p.A. (Italy) | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;1802500 |
| &nbsp;&nbsp;&nbsp;Tarsus Pharmaceuticals, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;13721 | &nbsp;&nbsp;&nbsp;&nbsp;815439 |
| &nbsp;&nbsp;&nbsp;Vericel Corp.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;44100 | &nbsp;&nbsp;&nbsp;&nbsp;1387827 |
| &nbsp;&nbsp;&nbsp;Xenon Pharmaceuticals, Inc. (Canada)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;31400 | &nbsp;&nbsp;&nbsp;&nbsp;1260710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;&nbsp;18145102 |
| &nbsp;&nbsp;&nbsp;**Industrials - 27.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Applied Industrial Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5200 | &nbsp;&nbsp;&nbsp;1357460 |
| &nbsp;&nbsp;&nbsp;Bloom Energy Corp., Class A<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;9100 | &nbsp;&nbsp;&nbsp;&nbsp;769587 |
| &nbsp;&nbsp;&nbsp;Casella Waste Systems, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;2846400 |
| &nbsp;&nbsp;&nbsp;Chart Industries, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;5600 | &nbsp;&nbsp;&nbsp;&nbsp;1120840 |
| &nbsp;&nbsp;&nbsp;Construction Partners, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;&nbsp;11500 | &nbsp;&nbsp;&nbsp;1460500 |
| &nbsp;&nbsp;&nbsp;Embraer, S.A., Sponsored ADR (Brazil) | &nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp;&nbsp;967200 |
| &nbsp;&nbsp;&nbsp;Esab Corp. | &nbsp;&nbsp;23900 | &nbsp;&nbsp;&nbsp;2670586 |
| &nbsp;&nbsp;&nbsp;Hexcel Corp.<sup>1</sup> | &nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp;1003200 |
| &nbsp;&nbsp;&nbsp;ITT, Inc. | &nbsp;&nbsp;&nbsp;11400 | &nbsp;&nbsp;&nbsp;2037864 |
| &nbsp;&nbsp;&nbsp;JBT Marel Corp. | &nbsp;&nbsp;&nbsp;17000 | &nbsp;&nbsp;&nbsp;2387650 |
| &nbsp;&nbsp;&nbsp;Karman Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;17000 | &nbsp;&nbsp;&nbsp;&nbsp;1227400 |
| &nbsp;&nbsp;&nbsp;Kratos Defense & Security Solutions, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;17900 | &nbsp;&nbsp;&nbsp;1635523 |
| &nbsp;&nbsp;&nbsp;Legence Corp., Class A<sup>\*,1</sup> | &nbsp;&nbsp;32495 | &nbsp;&nbsp;&nbsp;&nbsp;1001171 |
| &nbsp;&nbsp;&nbsp;Loar Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;1440000 |
| &nbsp;&nbsp;&nbsp;MYR Group, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7800 | &nbsp;&nbsp;&nbsp;1622634 |
| &nbsp;&nbsp;&nbsp;Parsons Corp.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;18200 | &nbsp;&nbsp;&nbsp;&nbsp;1509144 |
| &nbsp;&nbsp;&nbsp;RBC Bearings, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3700 | &nbsp;&nbsp;&nbsp;&nbsp;1444073 |
| &nbsp;&nbsp;&nbsp;Regal Rexnord Corp. | &nbsp;&nbsp;&nbsp;16300 | &nbsp;&nbsp;&nbsp;2338072 |
| &nbsp;&nbsp;&nbsp;Sterling Infrastructure, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611424 |
| &nbsp;&nbsp;&nbsp;Tetra Tech, Inc. | &nbsp;&nbsp;25400 | &nbsp;&nbsp;&nbsp;&nbsp;847852 |
| &nbsp;&nbsp;&nbsp;UniFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6700 | &nbsp;&nbsp;&nbsp;&nbsp;1120173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;31418753 |
| &nbsp;&nbsp;&nbsp;**Information Technology - 23.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Amplitude, Inc., Class A<sup>\*</sup> | 105400 | &nbsp;&nbsp;&nbsp;&nbsp;1129888 |
| &nbsp;&nbsp;&nbsp;Braze, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;50300 | &nbsp;&nbsp;&nbsp;1430532 |
| &nbsp;&nbsp;&nbsp;Clearwater Analytics Holdings, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;75900 | &nbsp;&nbsp;&nbsp;&nbsp;1367718 |
| &nbsp;&nbsp;&nbsp;Credo Technology Group Holding, Ltd.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;14100 | &nbsp;&nbsp;&nbsp;&nbsp;2053101 |
| &nbsp;&nbsp;&nbsp;Intapp, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;28792 | &nbsp;&nbsp;&nbsp;&nbsp;1177593 |
| &nbsp;&nbsp;&nbsp;JFrog, Ltd. <sup>\*</sup> | &nbsp;&nbsp;63000 | &nbsp;&nbsp;&nbsp;2981790 |
| &nbsp;&nbsp;&nbsp;Lattice Semiconductor Corp.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;27100 | &nbsp;&nbsp;&nbsp;1986972 |
| &nbsp;&nbsp;&nbsp;MACOM Technology Solutions Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;12500 | &nbsp;&nbsp;&nbsp;&nbsp;1556125 |
| &nbsp;&nbsp;&nbsp;Mirion Technologies, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;51791 | &nbsp;&nbsp;&nbsp;1204658 |
| &nbsp;&nbsp;&nbsp;Netskope, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;&nbsp;43101 | &nbsp;&nbsp;&nbsp;&nbsp;979686 |
| &nbsp;&nbsp;&nbsp;Onto Innovation, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;10700 | &nbsp;&nbsp;&nbsp;1382654 |

---

------

AMG TimesSquare Small Cap Growth Fund

Schedule of Portfolio Investments *(continued)*

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Information Technology - 23.2%<br> (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Q2 Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;21600 | &nbsp;&nbsp;&nbsp;$1563624 |
| &nbsp;&nbsp;&nbsp;ServiceTitan, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;17500 | &nbsp;&nbsp;&nbsp;&nbsp;1764525 |
| &nbsp;&nbsp;&nbsp;SiTime Corp.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;2109170 |
| &nbsp;&nbsp;&nbsp;Vertex, Inc., Class A<sup>\*,1</sup> | 58200 | &nbsp;&nbsp;&nbsp;&nbsp;1442778 |
| &nbsp;&nbsp;&nbsp;Via Transportation, Inc., Class A<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38031 |
| &nbsp;&nbsp;&nbsp;Workiva, Inc.<sup>\*</sup> | 25500 | &nbsp;&nbsp;&nbsp;&nbsp;2195040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Information Technology |  | &nbsp;&nbsp;26363885 |
| &nbsp;&nbsp;&nbsp;**Materials - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;James Hardie Industries PLC (Ireland)<sup>\*</sup> | 39500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758795 |
| **Total Common Stocks<br> (Cost $87,870,401)** |  | &nbsp;&nbsp;106745977 |
| **Exchange Traded Funds - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares Russell 2000 Growth ETF<sup>1</sup><br> (Cost $2,038,877) | &nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp;2272284 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount |  |
| **Short-Term Investments - 7.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Joint Repurchase Agreements - 2.8%<sup>2</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;Daiwa Capital Markets America, dated 09/30/25, due 10/01/25, 4.210% total to be received $1,000,117 (collateralized by various U.S. Government Agency Obligations and U.S. Treasuries, 2.000% - 7.500%, 08/27/27 - 09/01/55, totaling $1,020,012) | $1000000 | &nbsp;&nbsp;1000000 |
| &nbsp;&nbsp;&nbsp;HSBC Securities USA, Inc., dated 09/30/25, due 10/01/25, 4.210% total to be received $180,594 (collateralized by various U.S. Treasuries, 0.000% - 4.000%, 07/15/26 - 08/15/54, totaling $184,184) | &nbsp;&nbsp;&nbsp;&nbsp;180573 | &nbsp;&nbsp;&nbsp;&nbsp;180573 |
| &nbsp;&nbsp;&nbsp;JPMorgan Securities LLC, dated 09/30/25, due 10/01/25, 4.200% total to be received $340,245 (collateralized by various U.S. Treasuries, 4.125% - 4.500%, 12/31/31 - 05/31/32, totaling $347,009) | &nbsp;&nbsp;&nbsp;&nbsp;340205 | &nbsp;&nbsp;&nbsp;&nbsp;340205 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc., dated 09/30/25, due 10/01/25, 4.190% total to be received $470,409 (collateralized by various U.S. Treasuries, 0.000% - 6.625%, 11/18/25 - 08/15/55, totaling $479,761) | &nbsp;&nbsp;$470354 | &nbsp;&nbsp;&nbsp;$470354 |
| &nbsp;&nbsp;&nbsp;RBC Dominion Securities, Inc., dated 09/30/25, due 10/01/25, 4.190% total to be received $151,406 (collateralized by various U.S. Treasuries, 0.000% - 4.750%, 10/23/25 - 08/15/55, totaling $154,416) | &nbsp;&nbsp;&nbsp;&nbsp;151388 | &nbsp;&nbsp;&nbsp;&nbsp;151388 |
| &nbsp;&nbsp;&nbsp;State of Wisconsin Investment Board, dated 09/30/25, due 10/01/25, 4.290% total to be received $1,000,119 (collateralized by various U.S. Treasuries, 0.125% - 3.875%, 10/15/26 - 02/15/54, totaling $1,018,129) | 1000000 | &nbsp;&nbsp;1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Joint Repurchase Agreements |  | &nbsp;&nbsp;&nbsp;3142520 |

---

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| &nbsp;&nbsp;&nbsp;**Other Investment Companies - 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Dreyfus Government Cash Management Fund, Institutional Shares, 4.04%<sup>3</sup> | &nbsp;&nbsp;1911828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1911828 |
| &nbsp;&nbsp;&nbsp;Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.09%<sup>3</sup> | 2867741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2867741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Other Investment Companies |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4779569 |
| **Total Short-Term Investments<br> (Cost $7,922,089)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7922089 |
| **Total Investments - 103.1%<br> (Cost $97,831,367)** |  | &nbsp;&nbsp;&nbsp;&nbsp; 116940350 |
| **Other Assets, less Liabilities - (3.1)%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3541607) |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$113398743** |

---

------

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

<sup>1</sup> Some of these securities, amounting to $15,549,398 or 13.7% of net assets, were out on loan to various borrowers and are collateralized by cash and various U.S. Treasury Obligations. See below for more information.

<sup>2</sup> Cash collateral received for securities lending activity was invested in these joint repurchase agreements.

<sup>3</sup> Yield shown represents the September 30, 2025, seven day average yield, which refers to the sum of the previous seven days' dividends paid, expressed as an annual percentage.

ADR American Depositary Receipt <br> ETF Exchange Traded Fund

------

AMG TimesSquare Small Cap Growth Fund

Schedule of Portfolio Investments *(continued)*

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** | &nbsp;&nbsp;**Investments in Securities** |
| &nbsp;&nbsp;&nbsp;**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; $31418753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; $31418753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | &nbsp;&nbsp;&nbsp; 26363885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26363885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | &nbsp;&nbsp;&nbsp;&nbsp; 18145102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18145102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | &nbsp;&nbsp;&nbsp;&nbsp; 12269173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12269173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp; 9358480 | &nbsp;&nbsp;&nbsp;&nbsp; $49920 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9408400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | &nbsp;&nbsp;&nbsp;&nbsp; 5413334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5413334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp; 2419035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2419035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 758795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 758795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 549500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 549500 |
| &nbsp;&nbsp;&nbsp;**Exchange Traded Funds** | &nbsp;&nbsp;&nbsp;&nbsp; 2272284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2272284 |
| &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joint Repurchase Agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3142520 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3142520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 4779569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4779569 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;$113747910 | &nbsp;&nbsp;$3192440 | &nbsp;&nbsp;— | &nbsp;&nbsp;$116940350 |

---

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

The Fund participates in the securities lending program offered by The Bank of New York Mellon providing for the lending of securities to qualified brokers. The value of securities loaned on positions held, cash collateral and securities collateral received at September 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** |
| $15549398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3142520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $12578234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15720754 |

---

The following table summarizes the securities received as collateral for securities lending at September 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;0.000%-7.000% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10/15/25-08/01/55 |

---

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

- **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 TimesSquare Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000009877

- **c. LEI of Series:** 549300GU2GN08QHBDN61

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $116705497.82

**Total Liabilities:** $3296272.94

**Net Assets:** $113409224.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027324 | 0.46%                | 1.13%                | 0.52%                |
| Class ID C000180066 | 0.46%                | 1.14%                | 0.53%                |
| Class ID C000027325 | 0.49%                | 1.07%                | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1851740.28              | $-1235181.12                               |
| Month 2  | $1025927.94              | $296603.88                                 |
| Month 3  | $-1758966.74             | $2333427.38                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Xenon Pharmaceuticals Inc                               | Xenon Pharmaceuticals Inc                               | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |     31400 | NS      | $1260710.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceribell Inc                                            | Ceribell Inc                                            | CUSIP: 15678C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43000 | NS      | $494070.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Pursuit Attractions and Hospit                          | Pursuit Attractions and Hospitality Inc                 | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |     42710 | NS      | $1545247.80   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                                             | Workiva Inc                                             | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |     25500 | NS      | $2195040.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding                          | Credo Technology Group Holding Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14100 | NS      | $2053101.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| James Hardie Industries PLC                             | James Hardie Industries PLC                             | CUSIP: 000000000<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |     39500 | NS      | $758795.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                                            | Vericel Corp                                            | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     44100 | NS      | $1387827.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol                          | MACOM Technology Solutions Holdings Inc                 | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12900 | NS      | $1605921.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                                          | JBT Marel Corp                                          | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     18500 | NS      | $2598325.00   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc                               | Construction Partners Inc                               | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |     11500 | NS      | $1460500.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Via Transportation Inc                                  | Via Transportation Inc                                  | CUSIP: 92556W104<br>LEI: 5493008VI9XI9EV3A861 | Long             | EC               | CORP              | US        |       791 | NS      | $38031.28     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Vertex Inc                                              | Vertex Inc                                              | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     58200 | NS      | $1442778.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Matador Resources Co                                    | Matador Resources Co                                    | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     21600 | NS      | $970488.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIWA CAPITAL MARKETS AMERICA INC.                      | DAIWA CAPITAL MARKETS AMERICA INC                       | CUSIP: 000000000<br>LEI: M67H5PRC0NQKM73ZAS82 | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Lattice Semiconductor Corp                              | Lattice Semiconductor Corp                              | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     27100 | NS      | $1986972.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: —       |
| CG oncology Inc                                         | CG oncology Inc                                         | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26500 | NS      | $1067420.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: —       |
| NATWEST MARKETS SECURITIES INC.                         | NATWEST MARKETS SECURITIES INC                          | CUSIP: 000000000<br>LEI: ZE2ZWJ5BTIQJ8M0C6K34 | Long             | RA               | CORP              | US        |    470354 | PA      | $470354.00    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Institutional Preferred Government Money Market | Dreyfus Institutional Preferred Government Money Market | CUSIP: 26200X100<br>LEI: 5493001BRBYRXP4A4K56 | Long             | STIV             | RF                | US        |   2867741 | NS      | $2867741.35   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                                             | Hexcel Corp                                             | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     16000 | NS      | $1003200.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: —       |
| UniFirst Corp/MA                                        | UniFirst Corp/MA                                        | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      5700 | NS      | $952983.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                                            | Parsons Corp                                            | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |     18200 | NS      | $1509144.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Regal Rexnord Corp                                      | Regal Rexnord Corp                                      | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     16300 | NS      | $2338072.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 Growth ETF                         | iShares Russell 2000 Growth ETF                         | CUSIP: 464287648<br>LEI: 549300CPJOUVKWJGSH44 | Long             | EC               | RF                | US        |      7100 | NS      | $2272284.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: —       |
| HSBC SECURITIES (USA) INC.                              | HSBC SECURITIES (USA) INC                               | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Long             | RA               | CORP              | US        |    180573 | PA      | $180573.00    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Uranium Energy Corp                                     | Uranium Energy Corp                                     | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | CA        |     63300 | NS      | $844422.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                                     | Addus HomeCare Corp                                     | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     22500 | NS      | $2654775.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Newamsterdam Pharma Co NV                               | Newamsterdam Pharma Co NV                               | CUSIP: 000000000<br>LEI: 984500B6549TF6E14D36 | Long             | EC               | CORP              | NL        |     47100 | NS      | $1339524.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc                               | Casella Waste Systems Inc                               | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     31600 | NS      | $2998208.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardian Pharmacy Services Inc                          | Guardian Pharmacy Services Inc                          | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48300 | NS      | $1266909.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc                               | Mirum Pharmaceuticals Inc                               | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |     15500 | NS      | $1136305.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                                    | Chart Industries Inc                                    | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      5600 | NS      | $1120840.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC DOMINION SECURITIES INC.                            | RBC DOMINION SECURITIES INC                             | CUSIP: 000000000<br>LEI: 549300QJJX6CVVUXLE15 | Long             | RA               | CORP              | US        |    151388 | PA      | $151388.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Braze Inc                                               | Braze Inc                                               | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |     50300 | NS      | $1430532.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                                            | Netskope Inc                                            | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |     43101 | NS      | $979685.73    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Merus NV                                                | Merus NV                                                | CUSIP: 000000000<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | NL        |      8500 | NS      | $800275.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The                                | Chefs' Warehouse Inc/The                                | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     30000 | NS      | $1749900.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Bloom Energy Corp                                       | Bloom Energy Corp                                       | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |      9100 | NS      | $769587.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Onto Innovation Inc                                     | Onto Innovation Inc                                     | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     10700 | NS      | $1382654.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies Inc                                | iRhythm Technologies Inc                                | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |      3800 | NS      | $653562.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management                      | Dreyfus Government Cash Management                      | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   1911828 | NS      | $1911827.58   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp Inc                                              | Intapp Inc                                              | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28792 | NS      | $1177592.80   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Abivax SA                                               | Abivax SA                                               | CUSIP: 00370M103<br>LEI: 969500D8TMNB184OJU95 | Long             | EC               | CORP              | FR        |      6785 | NS      | $576046.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutio                          | Bright Horizons Family Solutions Inc                    | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11400 | NS      | $1237698.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                                       | Hamilton Lane Inc                                       | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     16200 | NS      | $2183598.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                              | JP MORGAN SECURITIES LLC                                | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |    340205 | PA      | $340205.00    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BJ's Wholesale Club Holdings I                          | BJ's Wholesale Club Holdings Inc                        | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     25700 | NS      | $2396525.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Paymentus Holdings Inc                                  | Paymentus Holdings Inc                                  | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40800 | NS      | $1248480.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoulder Innovations Inc                                | Shoulder Innovations Inc                                | CUSIP: 82537J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20627 | NS      | $258868.85    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                             | SiTime Corp                                             | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $2109170.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: —       |
| Wingstop Inc                                            | Wingstop Inc                                            | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |       530 | NS      | $133390.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Amplitude Inc                                           | Amplitude Inc                                           | CUSIP: 03213A104<br>LEI: 984500EZ87C703978858 | Long             | EC               | CORP              | US        |    105400 | NS      | $1129888.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer SA                                              | Embraer SA                                              | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |     16000 | NS      | $967200.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                                  | Boot Barn Holdings Inc                                  | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     10000 | NS      | $1657200.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: —       |
| ServiceTitan Inc                                        | ServiceTitan Inc                                        | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16800 | NS      | $1693944.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holding                          | Ollie's Bargain Outlet Holdings Inc                     | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      9800 | NS      | $1258320.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                                        | PJT Partners Inc                                        | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |      7600 | NS      | $1350748.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                                     | Krystal Biotech Inc                                     | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      6200 | NS      | $1094486.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics Inc                                 | Soleno Therapeutics Inc                                 | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |     19602 | NS      | $1325095.20   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                                 | ITT Inc                                                 | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     11400 | NS      | $2037864.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Disc Medicine Inc                                       | Disc Medicine Inc                                       | CUSIP: 254604101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10400 | NS      | $687232.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                              | Cactus Inc                                              | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     14100 | NS      | $556527.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                           | Valvoline Inc                                           | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     49900 | NS      | $1791909.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Kratos Defense & Security Solu                          | Kratos Defense & Security Solutions Inc                 | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     17900 | NS      | $1635523.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Tarsus Pharmaceuticals Inc                              | Tarsus Pharmaceuticals Inc                              | CUSIP: 87650L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13721 | NS      | $815439.03    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc                                 | Mirion Technologies Inc                                 | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     51791 | NS      | $1204658.66   | 1.06%             |  |  |  | No            |                  1 | On Loan: —       |
| MYR Group Inc                                           | MYR Group Inc                                           | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      7800 | NS      | $1622634.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE OF WISCONSIN INVESTMENT BOARD                     | STATE OF WISCONSIN INVESTMENT BOARD                     | CUSIP: 000000000<br>LEI: VY0GIYI3352UC4XOP168 | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Q2 Holdings Inc                                         | Q2 Holdings Inc                                         | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     21600 | NS      | $1563624.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Warby Parker Inc                                        | Warby Parker Inc                                        | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54200 | NS      | $1494836.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                               | Esab Corp                                               | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     23900 | NS      | $2670586.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie                          | Applied Industrial Technologies Inc                     | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      4800 | NS      | $1253040.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                                        | RBC Bearings Inc                                        | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $1561160.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                          | Tetra Tech Inc                                          | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     32700 | NS      | $1091526.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc                            | Victory Capital Holdings Inc                            | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     42200 | NS      | $2732872.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                                     | Karman Holdings Inc                                     | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17000 | NS      | $1227400.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NIQ Global Intelligence Plc                             | NIQ Global Intelligence Plc                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32700 | NS      | $513390.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group SpA                                     | Stevanato Group SpA                                     | CUSIP: 000000000<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |     71400 | NS      | $1838550.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Global-e Online Ltd                                     | Global-e Online Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     29600 | NS      | $1058496.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                                       | Loar Holdings Inc                                       | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19500 | NS      | $1560000.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings                           | Clearwater Analytics Holdings Inc                       | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75900 | NS      | $1367718.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                             | Sterling Infrastructure Inc                             | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      1100 | NS      | $373648.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Piper Sandler Cos                                       | Piper Sandler Cos                                       | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      4300 | NS      | $1492057.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                           | Repligen Corp                                           | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      7100 | NS      | $949057.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                            | Wyndham Hotels & Resorts Inc                            | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     21900 | NS      | $1749810.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                                               | JFrog Ltd                                               | CUSIP: 000000000<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | US        |     64300 | NS      | $3043319.00   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Legence Corp                                            | Legence Corp                                            | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31495 | NS      | $970360.95    | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer