# EDGAR Filing Document

**Accession Number:** 0000882443
**File Stem:** 0000940400-26-009023
**Filing Date:** 2026-2
**Character Count:** 29537
**Document Hash:** 29ff43f318da2c4830e7c330e61a291f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009023.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000940400-26-009023

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**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:** 26698588

**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)*

December 31, 2025

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 96.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services - 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A (United States) | &nbsp;&nbsp;&nbsp;8866 | &nbsp;&nbsp;&nbsp;$2775058 |
| &nbsp;&nbsp;&nbsp;Charter Communications, Inc., Class A (United States)<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;8498 | &nbsp;&nbsp;&nbsp;&nbsp;1773957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp;4549015 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 14.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Amadeus IT Group, S.A. (Spain) | &nbsp;&nbsp;47982 | &nbsp;&nbsp;&nbsp;&nbsp;3551198 |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc. (United States)<sup>\*</sup> | &nbsp;&nbsp;26070 | &nbsp;&nbsp;&nbsp;&nbsp;6017477 |
| &nbsp;&nbsp;&nbsp;Compass Group PLC (United Kingdom) | &nbsp;&nbsp;59656 | &nbsp;&nbsp;&nbsp;&nbsp;1890203 |
| &nbsp;&nbsp;&nbsp;Hyatt Hotels Corp., Class A (United States)<sup>1</sup> | &nbsp;&nbsp;&nbsp;14083 | &nbsp;&nbsp;&nbsp;&nbsp;2257787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;&nbsp;13716665 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples - 8.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Diageo PLC (United Kingdom) | 166665 | &nbsp;&nbsp;&nbsp;&nbsp;3591283 |
| &nbsp;&nbsp;&nbsp;The Magnum Ice Cream Co., N.V. (Netherlands)<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;14895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238343 |
| &nbsp;&nbsp;&nbsp;Unilever PLC (United Kingdom) | &nbsp;&nbsp;66200 | &nbsp;&nbsp;&nbsp;&nbsp;4331444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;&nbsp;8161070 |
| &nbsp;&nbsp;&nbsp;**Financials - 13.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Aon PLC, Class A (United Kingdom) | &nbsp;&nbsp;&nbsp;&nbsp;11427 | &nbsp;&nbsp;&nbsp;&nbsp;4032360 |
| &nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. (United States) | &nbsp;&nbsp;&nbsp;15865 | &nbsp;&nbsp;&nbsp;&nbsp;2569495 |
| &nbsp;&nbsp;&nbsp;London Stock Exchange Group PLC (United Kingdom) | &nbsp;&nbsp;&nbsp;34018 | &nbsp;&nbsp;&nbsp;&nbsp;4091975 |
| &nbsp;&nbsp;&nbsp;Mastercard, Inc., Class A (United States) | &nbsp;&nbsp;&nbsp;&nbsp;4443 | &nbsp;&nbsp;&nbsp;&nbsp;2536420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Financials |  | &nbsp;&nbsp;13230250 |
| &nbsp;&nbsp;&nbsp;**Health Care - 19.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Becton Dickinson & Co. (United States) | &nbsp;&nbsp;20344 | &nbsp;&nbsp;&nbsp;&nbsp;3948160 |
| &nbsp;&nbsp;&nbsp;Bio-Rad Laboratories, Inc., Class A (United States)<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765959 |
| &nbsp;&nbsp;&nbsp;Elevance Health, Inc. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;5907 | &nbsp;&nbsp;&nbsp;&nbsp;2070699 |
| &nbsp;&nbsp;&nbsp;Thermo Fisher Scientific, Inc. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;5877 | &nbsp;&nbsp;&nbsp;&nbsp;3405427 |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group, Inc. (United States) | &nbsp;&nbsp;&nbsp;13036 | &nbsp;&nbsp;&nbsp;&nbsp;4303314 |
| &nbsp;&nbsp;&nbsp;Waters Corp. (United States)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6281 | &nbsp;&nbsp;&nbsp;&nbsp;2385712 |
| &nbsp;&nbsp;&nbsp;Zoetis, Inc. (United States) | &nbsp;&nbsp;&nbsp;13617 | &nbsp;&nbsp;&nbsp;&nbsp;1713291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;18592562 |
| &nbsp;&nbsp;&nbsp;**Industrials - 19.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Airbus SE (France) | &nbsp;&nbsp;&nbsp;15993 | &nbsp;&nbsp;&nbsp;&nbsp;3713958 |
| &nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City, Ltd. (Canada)<sup>1</sup> | &nbsp;&nbsp;53623 | &nbsp;&nbsp;&nbsp;&nbsp;3948262 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;Safran, S.A. (France) | &nbsp;&nbsp;12719 | &nbsp;&nbsp;&nbsp;$4430245 |
| &nbsp;&nbsp;&nbsp;TransDigm Group, Inc. (United States) | &nbsp;&nbsp;&nbsp;1514 | &nbsp;&nbsp;&nbsp;&nbsp;2013393 |
| &nbsp;&nbsp;&nbsp;Vinci, S.A. (France) | 31950 | &nbsp;&nbsp;&nbsp;&nbsp;4494825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;18600683 |
| &nbsp;&nbsp;&nbsp;**Information Technology - 16.5%** |  |  |
| &nbsp;&nbsp;&nbsp;ASML Holding, N.V. (Netherlands) | &nbsp;&nbsp;&nbsp;1537 | &nbsp;&nbsp;&nbsp;&nbsp;1656149 |
| &nbsp;&nbsp;&nbsp;Dassault Systemes SE (France) | 82795 | &nbsp;&nbsp;&nbsp;&nbsp;2313148 |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. (United States) | 12036 | &nbsp;&nbsp;&nbsp;&nbsp;5820850 |
| &nbsp;&nbsp;&nbsp;Salesforce, Inc. (United States) | 15399 | &nbsp;&nbsp;&nbsp;&nbsp;4079349 |
| &nbsp;&nbsp;&nbsp;SAP SE (Germany) | &nbsp;&nbsp;&nbsp;8027 | &nbsp;&nbsp;&nbsp;&nbsp;1950308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Information Technology |  | &nbsp;&nbsp;&nbsp;15819804 |
| **Total Common Stocks<br> (Cost $84,426,945)** |  | &nbsp;&nbsp;&nbsp;92670049 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount |  |
| **Short-Term Investments - 5.4%** |  |  |
| &nbsp;&nbsp;&nbsp;**Joint Repurchase Agreements - 5.4%<sup>2</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC, dated 12/31/25, due 01/02/26, 3.940% total to be received $867,190 (collateralized by various U.S. Treasuries, 0.000% - 5.250%, 01/31/26 - 11/15/55, totaling $884,585) | $867000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867000 |
| &nbsp;&nbsp;&nbsp;Natwest Markets Securities, Inc., dated 12/31/25, due 01/02/26, 3.840% total to be received $313,100 (collateralized by various U.S. Treasuries, 0.625% - 4.875%, 04/30/26 - 11/15/34, totaling $319,294) | &nbsp;&nbsp;&nbsp;313033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313033 |
| &nbsp;&nbsp;&nbsp;State of Wisconsin Investment Board, dated 12/31/25, due 01/02/26, 3.970% total to be received $4,016,918 (collateralized by various U.S. Treasuries, 0.125% - 3.875%, 04/15/28 - 02/15/55, totaling $4,083,837) | 4016032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4016032 |
| **Total Short-Term Investments<br> (Cost $5,196,065)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5196065 |
| **Total Investments - 101.9%<br> (Cost $89,623,010)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97866114 |
| **Derivatives - (0.3)%<sup>3</sup>** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (301137) |
| **Other Assets, less Liabilities - (1.6)%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1479961) |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$96085016** |

---

------

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

<sup>1</sup> Some of these securities, amounting to $7,545,282 or 7.9% 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. <br> <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 MAR 26 | &nbsp;&nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;&nbsp;03/20/26 | &nbsp;&nbsp;&nbsp;&nbsp;$(8923646) | &nbsp;&nbsp;&nbsp;&nbsp;$(161717) |
| S&P 500 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;77 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;&nbsp;03/20/26 | &nbsp;&nbsp;&nbsp;&nbsp;(26536125) | &nbsp;&nbsp;&nbsp;&nbsp;(139420) |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | &nbsp;&nbsp;&nbsp;&nbsp;$(301137) |

---

---

| | |
|:---|:---|
| &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 December 31, 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; $5961655 | &nbsp;&nbsp; $12639028 | &nbsp;&nbsp; — | &nbsp;&nbsp; $18600683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | &nbsp;&nbsp;&nbsp;&nbsp; 18592562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18592562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | &nbsp;&nbsp;&nbsp;&nbsp; 9900199 | &nbsp;&nbsp;&nbsp;&nbsp; 5919605 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15819804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | &nbsp;&nbsp;&nbsp;&nbsp; 8275264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5441401 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13716665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp; 9138275 | &nbsp;&nbsp;&nbsp;&nbsp; 4091975 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13230250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238343 | &nbsp;&nbsp;&nbsp;&nbsp; 7922727 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8161070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | &nbsp;&nbsp;&nbsp;&nbsp; 4549015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4549015 |
| &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; 5196065 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5196065 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;$56655313 | &nbsp;&nbsp;&nbsp;$41210801 | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$97866114 |
| &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; $(301137) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(301137) |
| &nbsp;&nbsp;**Total Financial Derivative Instruments** | &nbsp;&nbsp;&nbsp;&nbsp;$(301137) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(301137) |

---

<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 December 31, 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 December 31, 2025, was as follows:

---

| | |
|:---|:---|
| **Country** | &nbsp;&nbsp;**% of Long-Term<br> Investments** |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;4.3 |
| France | &nbsp;&nbsp;&nbsp;&nbsp;16.1 |
| Germany | &nbsp;&nbsp;&nbsp;&nbsp;2.1 |
| Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;2.0 |
| Spain | &nbsp;&nbsp;&nbsp;&nbsp;3.8 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;19.4 |
| United States | &nbsp;&nbsp;&nbsp;&nbsp;52.3 |
|  | &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 December 31, 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** |
| $7545282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5196065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2577826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7773891 |

---

The following table summarizes the securities received as collateral for securities lending at December 31, 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%-5.000% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01/15/26-05/15/54 |

---

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:** 2026-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $102115906.16

**Total Liabilities:** $5995568.25

**Net Assets:** $96120337.91

**Cash Not Reported:** $2768672.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130200 | 0.25%                | -0.20%               | 0.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1105945.80              | $-184363.33                                |
| Month 2  | $840364.80               | $-1085779.72                               |
| Month 3  | $164071.38               | $94129.94                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO MERCANTILE EXCHANGE INC.    | S&P500 EMINI                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       -77 | NC      | $-139420.05   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| STATE OF WISCONSIN INVESTMENT BOARD | STATE OF WISCONSIN INVESTMENT BOARD | CUSIP: 000000000<br>LEI: VY0GIYI3352UC4XOP168 | Long             | RA               | CORP              | US        |   4016032 | PA      | $4016032.00   | 4.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                        | Unilever PLC                        | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     66200 | NS      | $4331444.01   | 4.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Amadeus IT Group SA                 | Amadeus IT Group SA                 | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     47982 | NS      | $3551197.74   | 3.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc        | Thermo Fisher Scientific Inc        | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      5877 | NS      | $3405427.65   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                   | Compass Group PLC                   | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     59656 | NS      | $1890203.43   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoetis Inc                          | Zoetis Inc                          | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     13617 | NS      | $1713290.94   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                 | TransDigm Group Inc                 | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1514 | NS      | $2013392.90   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                              | SAP SE                              | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      8027 | NS      | $1950308.40   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                           | Airbus SE                           | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |     15993 | NS      | $3713958.22   | 3.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp                   | Hyatt Hotels Corp                   | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |     14083 | NS      | $2257786.56   | 2.35%             |  |  |  | No            |                  1 | On Loan: —       |
| EUREX CLEARING AKTIENGESELLSCHAFT   | EURO STOXX 50                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               | CORP              | DE        |      -130 | NC      | $-161716.45   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc       | Intercontinental Exchange Inc       | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     15865 | NS      | $2569495.40   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                      | Salesforce Inc                      | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     15399 | NS      | $4079349.09   | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                          | Diageo PLC                          | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    166665 | NS      | $3591283.01   | 3.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Becton Dickinson & Co               | Becton Dickinson & Co               | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     20344 | NS      | $3948160.08   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PL      | London Stock Exchange Group PLC     | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     34018 | NS      | $4091974.55   | 4.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Elevance Health Inc                 | Elevance Health Inc                 | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      5907 | NS      | $2070698.85   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnum Ice Cream Co NV/The          | Magnum Ice Cream Co NV/The          | CUSIP: 000000000<br>LEI: 25490052LLF3XH6G9847 | Long             | EC               | CORP              | NL        |     14895 | NS      | $238342.69    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Aon PLC                             | Aon PLC                             | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |     11427 | NS      | $4032359.76   | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                     | ASML Holding NV                     | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1537 | NS      | $1656148.50   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Charter Communications Inc          | Charter Communications Inc          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      8498 | NS      | $1773957.50   | 1.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Dassault Systemes SE                | Dassault Systemes SE                | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     82795 | NS      | $2313147.75   | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES LLC              | CITADEL SECURITIES LLC              | CUSIP: 000000000<br>LEI: 12UUJYTN7D3SW8KCSG25 | Long             | RA               | CORP              | US        |    867000 | PA      | $867000.00    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                           | Safran SA                           | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     12719 | NS      | $4430244.85   | 4.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City L      | Canadian Pacific Kansas City Ltd    | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     53623 | NS      | $3948261.49   | 4.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Mastercard Inc                      | Mastercard Inc                      | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      4443 | NS      | $2536419.84   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                         | Waters Corp                         | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      6281 | NS      | $2385712.23   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST MARKETS SECURITIES INC.     | NATWEST MARKETS SECURITIES INC      | CUSIP: 000000000<br>LEI: ZE2ZWJ5BTIQJ8M0C6K34 | Long             | RA               | CORP              | US        |    313033 | PA      | $313033.00    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Bio-Rad Laboratories Inc            | Bio-Rad Laboratories Inc            | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      4292 | NS      | $1300433.08   | 1.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Alphabet Inc                        | Alphabet Inc                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      8866 | NS      | $2775058.00   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                      | Microsoft Corp                      | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     12036 | NS      | $5820850.32   | 6.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                            | Vinci SA                            | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     31950 | NS      | $4494825.06   | 4.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc                      | Amazon.com Inc                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     26070 | NS      | $6017477.40   | 6.26%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc              | UnitedHealth Group Inc              | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     14426 | NS      | $4762166.86   | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** AMG Funds I

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer