# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0000940400-25-011539
**Filing Date:** 2025-11
**Character Count:** 36616
**Document Hash:** 8acc559ad9c3297d0a372914eda69c61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011539.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011539

**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:** 251534559

**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 Renaissance Large Cap Growth Fund (Series ID: S000025839)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000077270 | Class Z      | MRLIX           |
| C000077271 | Class I      | MRLSX           |
| C000077272 | Class N      | MRLTX           |

## Nport-Ex

AMG Renaissance Large Cap Growth Fund

Schedule of Portfolio Investments *(unaudited)*

September 30, 2025

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 99.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services - 8.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A | &nbsp;&nbsp;16603 | &nbsp;&nbsp;&nbsp;$4036189 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;5225 | &nbsp;&nbsp;&nbsp;&nbsp;3837136 |
| &nbsp;&nbsp;&nbsp;Netflix, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;2397 | &nbsp;&nbsp;&nbsp;&nbsp;2873811 |
| &nbsp;&nbsp;&nbsp;Pinterest, Inc., Class A<sup>\*</sup> | 60507 | &nbsp;&nbsp;&nbsp;&nbsp;1946510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Communication Services |  | &nbsp;&nbsp;12693646 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 11.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>\*</sup> | &nbsp;&nbsp;16753 | &nbsp;&nbsp;&nbsp;&nbsp;3678456 |
| &nbsp;&nbsp;&nbsp;Lowe's Cos., Inc. | &nbsp;&nbsp;8656 | &nbsp;&nbsp;&nbsp;&nbsp;2175339 |
| &nbsp;&nbsp;&nbsp;O'Reilly Automotive, Inc.<sup>\*</sup> | 23909 | &nbsp;&nbsp;&nbsp;&nbsp;2577629 |
| &nbsp;&nbsp;&nbsp;Royal Caribbean Cruises, Ltd. | &nbsp;&nbsp;&nbsp;7842 | &nbsp;&nbsp;&nbsp;&nbsp;2537515 |
| &nbsp;&nbsp;&nbsp;Tapestry, Inc. | &nbsp;&nbsp;24327 | &nbsp;&nbsp;&nbsp;&nbsp;2754303 |
| &nbsp;&nbsp;&nbsp;Ulta Beauty, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;4782 | &nbsp;&nbsp;&nbsp;&nbsp;2614559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;&nbsp;16337801 |
| &nbsp;&nbsp;&nbsp;**Financials - 12.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Apollo Global Management, Inc. | &nbsp;&nbsp;14547 | &nbsp;&nbsp;&nbsp;&nbsp;1938679 |
| &nbsp;&nbsp;&nbsp;Brown & Brown, Inc. | &nbsp;&nbsp;17829 | &nbsp;&nbsp;&nbsp;&nbsp;1672182 |
| &nbsp;&nbsp;&nbsp;Fiserv, Inc.<sup>\*</sup> | &nbsp;&nbsp;13425 | &nbsp;&nbsp;&nbsp;&nbsp;1730885 |
| &nbsp;&nbsp;&nbsp;Houlihan Lokey, Inc. | &nbsp;&nbsp;12979 | &nbsp;&nbsp;&nbsp;&nbsp;2664848 |
| &nbsp;&nbsp;&nbsp;Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp;3991 | &nbsp;&nbsp;&nbsp;&nbsp;2270121 |
| &nbsp;&nbsp;&nbsp;Moody's Corp. | &nbsp;&nbsp;&nbsp;4661 | &nbsp;&nbsp;&nbsp;&nbsp;2220873 |
| &nbsp;&nbsp;&nbsp;PayPal Holdings, Inc.<sup>\*</sup> | 27068 | &nbsp;&nbsp;&nbsp;&nbsp;1815180 |
| &nbsp;&nbsp;&nbsp;Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;14763 | &nbsp;&nbsp;&nbsp;&nbsp;1638398 |
| &nbsp;&nbsp;&nbsp;Visa, Inc., Class A | &nbsp;&nbsp;&nbsp;6810 | &nbsp;&nbsp;&nbsp;&nbsp;2324798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Financials |  | &nbsp;&nbsp;&nbsp;18275964 |
| &nbsp;&nbsp;&nbsp;**Health Care - 9.9%** |  |  |
| &nbsp;&nbsp;&nbsp;AbbVie, Inc. | &nbsp;&nbsp;10310 | &nbsp;&nbsp;&nbsp;&nbsp;2387178 |
| &nbsp;&nbsp;&nbsp;Amgen, Inc. | &nbsp;&nbsp;&nbsp;7034 | &nbsp;&nbsp;&nbsp;&nbsp;1984995 |
| &nbsp;&nbsp;&nbsp;Cardinal Health, Inc. | &nbsp;&nbsp;14441 | &nbsp;&nbsp;&nbsp;&nbsp;2266659 |
| &nbsp;&nbsp;&nbsp;Halozyme Therapeutics, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;38194 | &nbsp;&nbsp;&nbsp;&nbsp;2801148 |
| &nbsp;&nbsp;&nbsp;McKesson Corp. | &nbsp;&nbsp;&nbsp;3257 | &nbsp;&nbsp;&nbsp;&nbsp;2516163 |
| &nbsp;&nbsp;&nbsp;Neurocrine Biosciences, Inc.<sup>\*</sup> | &nbsp;&nbsp;15651 | &nbsp;&nbsp;&nbsp;&nbsp;2197087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;&nbsp;14153230 |
| &nbsp;&nbsp;&nbsp;**Industrials - 12.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp;4198 | &nbsp;&nbsp;&nbsp;&nbsp;3464106 |
| &nbsp;&nbsp;&nbsp;Copart, Inc.<sup>\*</sup> | &nbsp;&nbsp;37170 | &nbsp;&nbsp;&nbsp;&nbsp;1671535 |
| &nbsp;&nbsp;&nbsp;EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp;5124 | &nbsp;&nbsp;&nbsp;&nbsp;3328243 |
| &nbsp;&nbsp;&nbsp;Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp;7016 | &nbsp;&nbsp;&nbsp;&nbsp;2452302 |
| &nbsp;&nbsp;&nbsp;Uber Technologies, Inc.<sup>\*</sup> | 25994 | &nbsp;&nbsp;&nbsp;&nbsp;2546632 |
| &nbsp;&nbsp;&nbsp;Waste Management, Inc. | &nbsp;&nbsp;&nbsp;9832 | &nbsp;&nbsp;&nbsp;&nbsp;2171201 |
| &nbsp;&nbsp;&nbsp;WW Grainger, Inc. | &nbsp;&nbsp;&nbsp;2205 | &nbsp;&nbsp;&nbsp;&nbsp;2101277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;&nbsp;17735296 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Information Technology - 38.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Adobe, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1668155 |
| &nbsp;&nbsp;&nbsp;Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp;23167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2866916 |
| &nbsp;&nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;&nbsp;15037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3828871 |
| &nbsp;&nbsp;&nbsp;Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;14303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2928396 |
| &nbsp;&nbsp;&nbsp;AppLovin Corp., Class A<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4270283 |
| &nbsp;&nbsp;&nbsp;Arista Networks, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;23939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3488152 |
| &nbsp;&nbsp;&nbsp;Autodesk, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;8020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2547713 |
| &nbsp;&nbsp;&nbsp;Broadcom, Inc. | &nbsp;&nbsp;&nbsp;12234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4036119 |
| &nbsp;&nbsp;&nbsp;Cadence Design Systems, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2434232 |
| &nbsp;&nbsp;&nbsp;Dynatrace, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;43370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2101276 |
| &nbsp;&nbsp;&nbsp;Gartner, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1152159 |
| &nbsp;&nbsp;&nbsp;Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2352625 |
| &nbsp;&nbsp;&nbsp;Jabil, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2425572 |
| &nbsp;&nbsp;&nbsp;KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2853976 |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4496324 |
| &nbsp;&nbsp;&nbsp;Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2580945 |
| &nbsp;&nbsp;&nbsp;Nutanix, Inc., Class A<sup>\*</sup> | &nbsp;&nbsp;&nbsp;32487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2416708 |
| &nbsp;&nbsp;&nbsp;PTC, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;12890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2616928 |
| &nbsp;&nbsp;&nbsp;Salesforce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1613733 |
| &nbsp;&nbsp;&nbsp;ServiceNow, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2314504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Information Technology |  | &nbsp;&nbsp;&nbsp;&nbsp;54993587 |
| &nbsp;&nbsp;&nbsp;**Materials - 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2419279 |
| &nbsp;&nbsp;&nbsp;**Real Estate - 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Jones Lang LaSalle, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;8598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2564611 |
| &nbsp;&nbsp;&nbsp;**Utilities - 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;NRG Energy, Inc. | &nbsp;&nbsp;&nbsp;15643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2533384 |
| **Total Common Stocks<br> (Cost $88,489,691)** |  | &nbsp;&nbsp;&nbsp;&nbsp;141706798 |
| **Short-Term Investments - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Other Investment Companies - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Dreyfus Government Cash Management Fund, Institutional Shares, 4.04%<sup>2</sup> | &nbsp;&nbsp;617066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;617066 |
| &nbsp;&nbsp;&nbsp;Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.09%<sup>2</sup> | 925598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925598 |
| **Total Short-Term Investments<br> (Cost $1,542,664)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1542664 |
| **Total Investments - 100.1%<br> (Cost $90,032,355)** |  | &nbsp;&nbsp;&nbsp;&nbsp; 143249462 |
| **Other Assets, less Liabilities - (0.1)%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (114584) |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$143134878** |

---

------

AMG Renaissance Large Cap Growth Fund

Schedule of Portfolio Investments *(continued)*

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

<sup>1</sup> Some of this security, amounting to $2,773,132 or 1.9% of net assets, was out on loan to various borrowers and is collateralized by various U.S. Treasury Obligations. See below for more information.

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

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<sup>†</sup>** | &nbsp;&nbsp;&nbsp; $141706798 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; $141706798 |
| &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** | &nbsp;&nbsp;&nbsp;**Short-Term Investments** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1542664 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1542664 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;$143249462 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;$143249462 |

---

<br> <sup>†</sup> All common stocks held in the Fund are Level 1 securities. For a detailed breakout of common stocks by major industry classification, please refer to the Fund's Schedule of Portfolio Investments.

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** |
| $2773132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2826721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2826721 |

---

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%-5.000% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10/31/25-02/15/52 |

---

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 Renaissance Large Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000025839

- **c. LEI of Series:** 549300H1XR6F747XJH09

**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:** $143323889.06

**Total Liabilities:** $164203.99

**Net Assets:** $143159685.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000077272 | 1.64%                | 0.62%                | 3.31%                |
| Class ID C000077271 | 1.66%                | 0.66%                | 3.35%                |
| Class ID C000077270 | 1.70%                | 0.68%                | 3.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2496008.98              | $-165352.53                                |
| Month 2  | $1469559.90              | $-516245.32                                |
| Month 3  | $3537409.36              | $1097614.05                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ServiceNow Inc                                          | ServiceNow Inc                                          | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      2515 | NS      | $2314504.20   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                          | Mastercard Inc                                          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      3991 | NS      | $2270120.71   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                                      | Houlihan Lokey Inc                                      | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     12979 | NS      | $2664848.28   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                              | Neurocrine Biosciences Inc                              | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     15651 | NS      | $2197087.38   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                             | Netflix Inc                                             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      2397 | NS      | $2873811.24   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                               | Halozyme Therapeutics Inc                               | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     38194 | NS      | $2801147.96   | 1.96%             |  |  |  | No            |                  1 | On Loan: —       |
| Arista Networks Inc                                     | Arista Networks Inc                                     | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     23939 | NS      | $3488151.69   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                                  | Jones Lang LaSalle Inc                                  | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      8598 | NS      | $2564611.44   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                                 | PTC Inc                                                 | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     12890 | NS      | $2616927.80   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                               | Apple Inc                                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     15037 | NS      | $3828871.31   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                            | Moody's Corp                                            | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      4661 | NS      | $2220873.28   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                               | Jabil Inc                                               | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     11169 | NS      | $2425571.73   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                | Visa Inc                                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      6810 | NS      | $2324797.80   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                     | PayPal Holdings Inc                                     | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     27068 | NS      | $1815180.08   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                                | KLA Corp                                                | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      2646 | NS      | $2853975.60   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                           | Pinterest Inc                                           | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60507 | NS      | $1946510.19   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                         | Ulta Beauty Inc                                         | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      4782 | NS      | $2614558.50   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                          | Microsoft Corp                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      8681 | NS      | $4496323.95   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                                         | WW Grainger Inc                                         | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      2205 | NS      | $2101276.80   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                              | Cadence Design Systems Inc                              | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      6930 | NS      | $2434231.80   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                           | McKesson Corp                                           | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3257 | NS      | $2516162.78   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                            | Tapestry Inc                                            | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     24327 | NS      | $2754302.94   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                                 | Rockwell Automation Inc                                 | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      7016 | NS      | $2452302.48   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                                             | Gartner Inc                                             | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      4383 | NS      | $1152159.21   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                                 | O'Reilly Automotive Inc                                 | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     23909 | NS      | $2577629.29   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                                    | Waste Management Inc                                    | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      9832 | NS      | $2171200.56   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                                          | NRG Energy Inc                                          | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     15643 | NS      | $2533383.85   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                                    | Tradeweb Markets Inc                                    | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14763 | NS      | $1638397.74   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                            | Apollo Global Management Inc                            | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     14547 | NS      | $1938678.69   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                          | Lowe's Cos Inc                                          | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      8656 | NS      | $2175339.36   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                          | Salesforce Inc                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      6809 | NS      | $1613733.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                                     | Cardinal Health Inc                                     | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     14441 | NS      | $2266659.36   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                            | Alphabet Inc                                            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     16603 | NS      | $4036189.30   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                            | Autodesk Inc                                            | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      8020 | NS      | $2547713.40   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                               | Amgen Inc                                               | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      7034 | NS      | $1984994.80   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                          | Amazon.com Inc                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     16753 | NS      | $3678456.21   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                              | AbbVie Inc                                              | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     10310 | NS      | $2387177.40   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                      | Meta Platforms Inc                                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      5225 | NS      | $3837135.50   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                              | Fiserv Inc                                              | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     13425 | NS      | $1730885.25   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management                      | Dreyfus Government Cash Management                      | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    617066 | NS      | $617065.62    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                           | AppLovin Corp                                           | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      5943 | NS      | $4270283.22   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                            | Broadcom Inc                                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     12234 | NS      | $4036118.94   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Institutional Preferred Government Money Market | Dreyfus Institutional Preferred Government Money Market | CUSIP: 26200X100<br>LEI: 5493001BRBYRXP4A4K56 | Long             | STIV             | RF                | US        |    925598 | NS      | $925598.43    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                              | Ecolab Inc                                              | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      8834 | NS      | $2419279.24   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                             | Nutanix Inc                                             | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     32487 | NS      | $2416707.93   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                               | Adobe Inc                                               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      4729 | NS      | $1668154.75   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                                       | Brown & Brown Inc                                       | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     17829 | NS      | $1672181.91   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                                   | Applied Materials Inc                                   | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     14303 | NS      | $2928396.22   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                                   | Uber Technologies Inc                                   | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     25994 | NS      | $2546632.18   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                                  | Motorola Solutions Inc                                  | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      5644 | NS      | $2580944.76   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                                 | Comfort Systems USA Inc                                 | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      4198 | NS      | $3464105.64   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                                         | EMCOR Group Inc                                         | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      5124 | NS      | $3328242.96   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                             | Royal Caribbean Cruises Ltd                             | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |      7842 | NS      | $2537514.36   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                           | Amphenol Corp                                           | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     23167 | NS      | $2866916.25   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                              | Intuit Inc                                              | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      3445 | NS      | $2352624.95   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                              | Copart Inc                                              | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     37170 | NS      | $1671534.90   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                           | Dynatrace Inc                                           | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     43370 | NS      | $2101276.50   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer