# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0000940400-26-022978
**Filing Date:** 2026-6
**Character Count:** 49418
**Document Hash:** 250ecd54f6fca7b39a53ae0c6dbdc367
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022978.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022978

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**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:** 261048698

**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 GW&K Small Cap Value Fund (Series ID: S000020207)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000056573 | Class N      | SKSEX           |
| C000180067 | Class I      | SKSIX           |
| C000180068 | Class Z      | SKSZX           |

## Nport-Ex

AMG GW&K Small Cap Value Fund

Schedule of Portfolio Investments *(unaudited)*

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 97.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;IMAX Corp. (Canada)<sup>\*,1</sup> | 115065 | &nbsp;&nbsp;&nbsp;$4373621 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 7.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Boot Barn Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;11722 | &nbsp;&nbsp;&nbsp;&nbsp;1715632 |
| &nbsp;&nbsp;&nbsp;LCI Industries | &nbsp;&nbsp;&nbsp;15421 | &nbsp;&nbsp;&nbsp;&nbsp;1896474 |
| &nbsp;&nbsp;&nbsp;Patrick Industries, Inc. | &nbsp;&nbsp;20281 | &nbsp;&nbsp;&nbsp;&nbsp;2252611 |
| &nbsp;&nbsp;&nbsp;Travel + Leisure Co. | &nbsp;&nbsp;29325 | &nbsp;&nbsp;&nbsp;&nbsp;2028997 |
| &nbsp;&nbsp;&nbsp;Tri Pointe Homes, Inc.<sup>\*</sup> | 106210 | &nbsp;&nbsp;&nbsp;&nbsp;4963193 |
| &nbsp;&nbsp;&nbsp;Wolverine World Wide, Inc. | &nbsp;&nbsp;94860 | &nbsp;&nbsp;&nbsp;&nbsp;1548115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;14405022 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples - 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Central Garden & Pet Co.<sup>\*</sup> | &nbsp;&nbsp;68953 | &nbsp;&nbsp;&nbsp;&nbsp;2535402 |
| &nbsp;&nbsp;&nbsp;United Natural Foods, Inc.<sup>\*</sup> | &nbsp;&nbsp;82330 | &nbsp;&nbsp;&nbsp;&nbsp;3709790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;&nbsp;6245192 |
| &nbsp;&nbsp;&nbsp;**Energy - 8.7%** |  |  |
| &nbsp;&nbsp;&nbsp;California Resources Corp. | &nbsp;&nbsp;26489 | &nbsp;&nbsp;&nbsp;&nbsp;1833569 |
| &nbsp;&nbsp;&nbsp;Chord Energy Corp. | &nbsp;&nbsp;15647 | &nbsp;&nbsp;&nbsp;&nbsp;2224691 |
| &nbsp;&nbsp;&nbsp;Magnolia Oil & Gas Corp., Class A | &nbsp;&nbsp;91802 | &nbsp;&nbsp;&nbsp;&nbsp;2898189 |
| &nbsp;&nbsp;&nbsp;Matador Resources Co. | &nbsp;&nbsp;39235 | &nbsp;&nbsp;&nbsp;&nbsp;2478867 |
| &nbsp;&nbsp;&nbsp;Permian Resources Corp., Class A | 101866 | &nbsp;&nbsp;&nbsp;&nbsp;2171783 |
| &nbsp;&nbsp;&nbsp;Solaris Energy Infrastructure, Inc. | &nbsp;&nbsp;107191 | &nbsp;&nbsp;&nbsp;&nbsp;6057363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Energy |  | &nbsp;&nbsp;&nbsp;17664462 |
| &nbsp;&nbsp;&nbsp;**Financials - 23.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Ameris Bancorp | &nbsp;&nbsp;54407 | &nbsp;&nbsp;&nbsp;&nbsp;4243202 |
| &nbsp;&nbsp;&nbsp;Atlantic Union Bankshares Corp. | &nbsp;&nbsp;79086 | &nbsp;&nbsp;&nbsp;&nbsp;2826534 |
| &nbsp;&nbsp;&nbsp;Bowhead Specialty Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;81423 | &nbsp;&nbsp;&nbsp;&nbsp;1826318 |
| &nbsp;&nbsp;&nbsp;Cathay General Bancorp | &nbsp;&nbsp;&nbsp;51031 | &nbsp;&nbsp;&nbsp;&nbsp;2544406 |
| &nbsp;&nbsp;&nbsp;City Holding Co. | &nbsp;&nbsp;22673 | &nbsp;&nbsp;&nbsp;&nbsp;2709877 |
| &nbsp;&nbsp;&nbsp;Columbia Banking System, Inc. | &nbsp;&nbsp;74425 | &nbsp;&nbsp;&nbsp;&nbsp;2041478 |
| &nbsp;&nbsp;&nbsp;Enterprise Financial Services Corp. | &nbsp;&nbsp;35035 | &nbsp;&nbsp;&nbsp;&nbsp;1895744 |
| &nbsp;&nbsp;&nbsp;Federal Agricultural Mortgage Corp., Class C | &nbsp;&nbsp;20882 | &nbsp;&nbsp;&nbsp;&nbsp;3097845 |
| &nbsp;&nbsp;&nbsp;First Financial Bancorp | &nbsp;&nbsp;82755 | &nbsp;&nbsp;&nbsp;&nbsp;2307209 |
| &nbsp;&nbsp;&nbsp;Glacier Bancorp, Inc.<sup>1</sup> | &nbsp;&nbsp;37876 | &nbsp;&nbsp;&nbsp;&nbsp;1691921 |
| &nbsp;&nbsp;&nbsp;Hancock Whitney Corp. | &nbsp;&nbsp;35723 | &nbsp;&nbsp;&nbsp;&nbsp;2271625 |
| &nbsp;&nbsp;&nbsp;Horace Mann Educators Corp. | &nbsp;&nbsp;38478 | &nbsp;&nbsp;&nbsp;&nbsp;1642241 |
| &nbsp;&nbsp;&nbsp;International Bancshares Corp. | &nbsp;&nbsp;50902 | &nbsp;&nbsp;&nbsp;&nbsp;3425196 |
| &nbsp;&nbsp;&nbsp;OceanFirst Financial Corp. | &nbsp;&nbsp;&nbsp;87212 | &nbsp;&nbsp;&nbsp;&nbsp;1573304 |
| &nbsp;&nbsp;&nbsp;Piper Sandler Cos. | &nbsp;&nbsp;36256 | &nbsp;&nbsp;&nbsp;&nbsp;2775397 |
| &nbsp;&nbsp;&nbsp;PJT Partners, Inc., Class A | &nbsp;&nbsp;15627 | &nbsp;&nbsp;&nbsp;&nbsp;2183404 |
| &nbsp;&nbsp;&nbsp;Seacoast Banking Corp. of Florida | &nbsp;&nbsp;53920 | &nbsp;&nbsp;&nbsp;&nbsp;1633237 |
| &nbsp;&nbsp;&nbsp;Skyward Specialty Insurance Group, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;41621 | &nbsp;&nbsp;&nbsp;&nbsp;1818005 |
| &nbsp;&nbsp;&nbsp;Stifel Financial Corp. | &nbsp;&nbsp;&nbsp;19312 | &nbsp;&nbsp;&nbsp;&nbsp;1427543 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;UMB Financial Corp. | &nbsp;&nbsp;&nbsp;24242 | &nbsp;&nbsp;&nbsp;$2734255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Financials |  | &nbsp;&nbsp;&nbsp;46668741 |
| &nbsp;&nbsp;&nbsp;**Health Care - 12.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Acadia Healthcare Co., Inc.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;87489 | &nbsp;&nbsp;&nbsp;&nbsp;2046368 |
| &nbsp;&nbsp;&nbsp;Agios Pharmaceuticals, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;73105 | &nbsp;&nbsp;&nbsp;&nbsp;2473142 |
| &nbsp;&nbsp;&nbsp;AtriCure, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;69176 | &nbsp;&nbsp;&nbsp;&nbsp;1973591 |
| &nbsp;&nbsp;&nbsp;Cytokinetics, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;39069 | &nbsp;&nbsp;&nbsp;&nbsp;2575038 |
| &nbsp;&nbsp;&nbsp;Integer Holdings Corp.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;31406 | &nbsp;&nbsp;&nbsp;&nbsp;2763728 |
| &nbsp;&nbsp;&nbsp;Ligand Pharmaceuticals, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;25904 | &nbsp;&nbsp;&nbsp;&nbsp;5171734 |
| &nbsp;&nbsp;&nbsp;NeoGenomics, Inc.<sup>\*</sup> | 250659 | &nbsp;&nbsp;&nbsp;&nbsp;1859890 |
| &nbsp;&nbsp;&nbsp;OmniAb, Inc.<sup>\*,2,3</sup> | &nbsp;&nbsp;&nbsp;10502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp;OmniAb, Inc.<sup>\*,2,3</sup> | &nbsp;&nbsp;&nbsp;10502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp;Supernus Pharmaceuticals, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;88579 | &nbsp;&nbsp;&nbsp;&nbsp;4578648 |
| &nbsp;&nbsp;&nbsp;Ultragenyx Pharmaceutical, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;68191 | &nbsp;&nbsp;&nbsp;&nbsp;1428601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;24870740 |
| &nbsp;&nbsp;&nbsp;**Industrials - 15.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Arcosa, Inc. | &nbsp;&nbsp;&nbsp;28536 | &nbsp;&nbsp;&nbsp;&nbsp;3028811 |
| &nbsp;&nbsp;&nbsp;Ducommun, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;31772 | &nbsp;&nbsp;&nbsp;&nbsp;3876184 |
| &nbsp;&nbsp;&nbsp;Enerpac Tool Group Corp. | &nbsp;&nbsp;&nbsp;55536 | &nbsp;&nbsp;&nbsp;&nbsp;2025398 |
| &nbsp;&nbsp;&nbsp;Everus Construction Group, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;17404 | &nbsp;&nbsp;&nbsp;&nbsp;2054716 |
| &nbsp;&nbsp;&nbsp;Gates Industrial Corp. PLC<sup>\*</sup> | &nbsp;&nbsp;140072 | &nbsp;&nbsp;&nbsp;&nbsp;3167028 |
| &nbsp;&nbsp;&nbsp;Hillman Solutions Corp.<sup>\*</sup> | &nbsp;&nbsp;376232 | &nbsp;&nbsp;&nbsp;&nbsp;3130250 |
| &nbsp;&nbsp;&nbsp;Interface, Inc. | &nbsp;&nbsp;104765 | &nbsp;&nbsp;&nbsp;&nbsp;2610744 |
| &nbsp;&nbsp;&nbsp;Powell Industries, Inc.<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;8895 | &nbsp;&nbsp;&nbsp;&nbsp;4812907 |
| &nbsp;&nbsp;&nbsp;Primoris Services Corp.<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;15977 | &nbsp;&nbsp;&nbsp;&nbsp;2285350 |
| &nbsp;&nbsp;&nbsp;Thermon Group Holdings, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;95927 | &nbsp;&nbsp;&nbsp;&nbsp;4834721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;&nbsp;31826109 |
| &nbsp;&nbsp;&nbsp;**Information Technology - 7.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Digi International, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;46636 | &nbsp;&nbsp;&nbsp;&nbsp;2247855 |
| &nbsp;&nbsp;&nbsp;Synaptics, Inc.<sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;29079 | &nbsp;&nbsp;&nbsp;&nbsp;2036693 |
| &nbsp;&nbsp;&nbsp;TTM Technologies, Inc.<sup>\*</sup> | &nbsp;&nbsp;&nbsp;48758 | &nbsp;&nbsp;&nbsp;&nbsp;4750004 |
| &nbsp;&nbsp;&nbsp;Viavi Solutions, Inc.<sup>\*</sup> | &nbsp;&nbsp;174898 | &nbsp;&nbsp;&nbsp;&nbsp;5820606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Information Technology |  | &nbsp;&nbsp;&nbsp;14855158 |
| &nbsp;&nbsp;&nbsp;**Materials - 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Constellium SE (France)<sup>\*</sup> | 225835 | &nbsp;&nbsp;&nbsp;&nbsp;5551024 |
| &nbsp;&nbsp;&nbsp;Silgan Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51918 | &nbsp;&nbsp;&nbsp;&nbsp;2014419 |
| &nbsp;&nbsp;&nbsp;Worthington Steel, Inc.<sup>1</sup> | &nbsp;&nbsp;&nbsp;54892 | &nbsp;&nbsp;&nbsp;&nbsp;1665972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Materials |  | &nbsp;&nbsp;&nbsp;&nbsp;9231415 |
| &nbsp;&nbsp;&nbsp;**Real Estate - 7.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Acadia Realty Trust, REIT | &nbsp;&nbsp;&nbsp;101108 | &nbsp;&nbsp;&nbsp;&nbsp;1933185 |
| &nbsp;&nbsp;&nbsp;Compass, Inc., Class A<sup>\*</sup> | 309209 | &nbsp;&nbsp;&nbsp;&nbsp;2260318 |
| &nbsp;&nbsp;&nbsp;Independence Realty Trust, Inc., REIT <sup>1</sup> | &nbsp;&nbsp;196885 | &nbsp;&nbsp;&nbsp;&nbsp;2931617 |
| &nbsp;&nbsp;&nbsp;LXP Industrial Trust, REIT | &nbsp;&nbsp;&nbsp;40199 | &nbsp;&nbsp;&nbsp;&nbsp;1859606 |

---

------

AMG GW&K Small Cap Value Fund

Schedule of Portfolio Investments *(continued)*

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;**Real Estate - 7.9% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;NETSTREIT Corp., REIT <sup>1</sup> | &nbsp;&nbsp;161928 | &nbsp;&nbsp;&nbsp;$3049104 |
| &nbsp;&nbsp;&nbsp;Piedmont Realty Trust, Inc., REIT <sup>\*</sup> | 264968 | &nbsp;&nbsp;&nbsp;&nbsp;1740840 |
| &nbsp;&nbsp;&nbsp;STAG Industrial, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp;57712 | &nbsp;&nbsp;&nbsp;&nbsp;2081095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Real Estate |  | &nbsp;&nbsp;15855765 |
| &nbsp;&nbsp;&nbsp;**Utilities - 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;IDACORP, Inc. | &nbsp;&nbsp;&nbsp;22786 | &nbsp;&nbsp;&nbsp;&nbsp;3257714 |
| &nbsp;&nbsp;&nbsp;MDU Resources Group, Inc.<sup>1</sup> | &nbsp;&nbsp;124465 | &nbsp;&nbsp;&nbsp;&nbsp;2578915 |
| &nbsp;&nbsp;&nbsp;Northwestern Energy Group, Inc. | &nbsp;&nbsp;&nbsp;32236 | &nbsp;&nbsp;&nbsp;&nbsp;2125642 |
| &nbsp;&nbsp;&nbsp;Southwest Gas Holdings, Inc. | &nbsp;&nbsp;&nbsp;24786 | &nbsp;&nbsp;&nbsp;&nbsp;2153903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Utilities |  | &nbsp;&nbsp;&nbsp;&nbsp;10116174 |
| **Total Common Stocks<br> (Cost $139,555,939)** |  | &nbsp;&nbsp;196112399 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount |  |
| **Short-Term Investments - 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;**Joint Repurchase Agreements - 1.0%<sup>4</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;Citadel Securities LLC, dated 03/31/26, due 04/01/26, 3.730% total to be received $1,804,187 (collateralized by various U.S. Treasuries, 0.000% - 5.375%, 04/15/26 - 02/15/56, totaling $1,840,271) | $1804000 | &nbsp;&nbsp;1804000 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> Amount | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;National Bank Financial, Inc., dated 03/31/26, due 04/01/26, 3.710% total to be received $116,569 (collateralized by various U.S. Treasuries, 0.000% - 4.625%, 04/01/26, totaling $118,888) | &nbsp;&nbsp;$116557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$116557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Joint Repurchase Agreements |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1920557 |
| &nbsp;&nbsp;&nbsp;**Repurchase Agreements - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Income Clearing Corp., dated 03/31/26, due 04/01/26, 3.350% total to be received $5,710,531 (collateralized by a U.S. Treasury Note, 1.375%, 11/15/31, totaling $5,824,210) | 5710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5710000 |
| **Total Short-Term Investments<br> (Cost $7,630,557)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7630557 |
| **Total Investments - 101.0%<br> (Cost $147,186,496)** |  | &nbsp;&nbsp;&nbsp;&nbsp; 203742956 |
| **Other Assets, less Liabilities - (1.0)%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2066570) |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$201676386** |

---

------

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

<sup>1</sup> Some of these securities, amounting to $21,914,696 or 10.9% 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> Security's value was determined by using significant unobservable inputs.

<sup>3</sup> These securities are restricted and are not available for re-sale. Ligand Pharmaceuticals, Inc. ("Ligand") completed a spin-off of OmniAb, Inc on November 2, 2022. Ligand shareholders received new holdings of OmniAb earn-out shares. The market value of earn-out shares was $0 on the date of the spin-off. At March 31, 2026, for each holding of OmniAb earn-out shares the cost was $19,190 and the market value of each was $0, which represents 0% of net assets..

<sup>4</sup> Cash collateral received for securities lending activity was invested in these joint repurchase agreements.

REIT Real Estate Investment Trust

------

AMG GW&K Small Cap Value 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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &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;Financials | &nbsp;&nbsp;&nbsp; $46668741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; $46668741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp; 31826109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31826109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | &nbsp;&nbsp;&nbsp;&nbsp; 24870740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; 24870740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp; 17664462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17664462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Estate | &nbsp;&nbsp;&nbsp;&nbsp; 15855765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15855765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | &nbsp;&nbsp;&nbsp;&nbsp; 14855158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14855158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | &nbsp;&nbsp;&nbsp;&nbsp; 14405022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14405022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10116174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10116174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9231415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9231415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | &nbsp;&nbsp;&nbsp;&nbsp; 6245192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6245192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4373621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4373621 |
| &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; $1920557 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1920557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repurchase Agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5710000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5710000 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;$196112399 | &nbsp;&nbsp;$7630557 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$203742956 |

---

The Level 3 common stocks were received as a result of a corporate action. The security's value was determined by using significant unobservable inputs. For the current period ended March 31, 2026, the change in unrealized depreciation was $0.

For the period ended March 31, 2026, there were no transfers in or out of Level 3. The Fund did not have any purchases and sales of Level 3 securities for the same period.

------

AMG GW&K Small Cap Value Fund

Schedule of Portfolio Investments *(continued)*

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 March 31, 2026, 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** |
| $21914696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1920557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $19715946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $21636503 |

---

The following table summarizes the securities received as collateral for securities lending at March 31, 2026:

---

| | | |
|:---|:---|:---|
| **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%-4.875% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04/15/26-02/15/56 |

---

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 GW&K Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000020207

- **c. LEI of Series:** 549300WLPWINAOFE0855

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $203930828.52

**Total Liabilities:** $2150552.97

**Net Assets:** $201780275.55

**Cash Not Reported:** $351.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000180067 | 6.42%                | 1.17%                | -3.14%               |
| Class ID C000180068 | 6.41%                | 1.14%                | -3.12%               |
| Class ID C000056573 | 6.37%                | 1.13%                | -3.14%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2281724.45              | $10872148.42                               |
| Month 2  | $-305118.77              | $2700617.96                                |
| Month 3  | $-1007791.16             | $-5777885.18                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ducommun Incorporated                     | Ducommun Incorporated COM                       | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     31772 | NS      | $3876184.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation               | Hancock Whitney Corporation COM                 | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     35723 | NS      | $2271625.57   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Company, Inc.           | Acadia Healthcare Company, Inc. COM             | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     87489 | NS      | $2046367.71   | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Ultragenyx Pharmaceuticals Inc            | Ultragenyx Pharmaceuticals Inc COM              | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     68191 | NS      | $1428601.45   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CITADEL SECURITIES LLC                    | CITADEL SECURITIES LLC                          | CUSIP: 000000000<br>LEI: 12UUJYTN7D3SW8KCSG25 | Long             | RA               | CORP              | US        |   1804000 | PA      | $1804000.00   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Worthington Steel Inc.                    | Worthington Steel Inc. COM SHS                  | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |     54892 | NS      | $1665972.20   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| First Financial Bancorp.                  | First Financial Bancorp. COM                    | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     82755 | NS      | $2307209.40   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc             | Supernus Pharmaceuticals, Inc COM               | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     88579 | NS      | $4578648.51   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                   | Enerpac Tool Group Corp CL A COM                | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     55536 | NS      | $2025397.92   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp.       | Enterprise Financial Services Corp. COM         | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |     35035 | NS      | $1895743.85   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                      | LXP Industrial Trust COM                        | CUSIP: 529043408<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     40199 | NS      | $1859605.74   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                       | UMB Financial Corp. COM                         | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     24242 | NS      | $2734255.18   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                | Arcosa Inc COM                                  | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     28536 | NS      | $3028811.04   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corporation                          | IMAX Corporation COM                            | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |    115065 | NS      | $4373620.65   | 2.17%             |  |  |  | No            |                  1 | On Loan: —       |
| MDU RESOURCES GROUP INC                   | MDU Resources Group, Inc. COM                   | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |    124465 | NS      | $2578914.80   | 1.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Neogenomics Inc                           | Neogenomics Inc COM NEW                         | CUSIP: 64049M209<br>LEI: 549300KN62PPGHBVXB46 | Long             | EC               | CORP              | US        |    250659 | NS      | $1859889.78   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc     | Skyward Specialty Insurance Group Inc COM       | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     41621 | NS      | $1818005.28   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc.            | Everus Construction Group Inc. COM              | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     17404 | NS      | $2054716.24   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc.              | Columbia Banking System Inc. COM                | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |     74425 | NS      | $2041477.75   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                          | Cytokinetics Inc COM NEW                        | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     39069 | NS      | $2575037.79   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                | Southwest Gas Holdings Inc COM                  | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     24786 | NS      | $2153903.40   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                      | Glacier Bancorp Inc. COM                        | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     37876 | NS      | $1691920.92   | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Ameris Bancorp                            | Ameris Bancorp COM                              | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     54407 | NS      | $4243201.93   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                 | Gates Industrial Corp PLC COM USD0.01           | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    140072 | NS      | $3167027.92   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp                    | Hillman Solutions Corp COM                      | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    376232 | NS      | $3130250.24   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc             | Independence Realty Trust Inc COM               | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    196885 | NS      | $2931617.65   | 1.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Integer Holdings Corp.                    | Integer Holdings Corp. COM                      | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     31406 | NS      | $2763728.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods, Inc.                | United Natural Foods, Inc. COM                  | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     82330 | NS      | $3709789.80   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp             | International Bancshares Corp COM               | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |     50902 | NS      | $3425195.58   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BANK FINANCIAL INC.              | NATIONAL BANK FINANCIAL INC                     | CUSIP: 000000000<br>LEI: 549300D83GR71RNG0O65 | Long             | RA               | CORP              | US        |    116557 | PA      | $116557.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| OMNIAB INC                                | OmniAb Inc. USD0.0001 A (USD12.5 VESTING)       | CUSIP: 68218J202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10502 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Interface, Inc.                           | Interface, Inc. COM                             | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |    104765 | NS      | $2610743.80   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| OCEANFIRST FINANCIAL CORP                 | OceanFirst Financial Corp. COM                  | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87212 | NS      | $1573304.48   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PIEDMONT OFFICE REALTY TRUST INC          | Piedmont Realty Trust Inc. COM CL A             | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    264968 | NS      | $1740839.76   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc.                   | Digi International Inc. COM                     | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     46636 | NS      | $2247855.20   | 1.11%             |  |  |  | No            |                  1 | On Loan: —       |
| California Resources Corporation          | California Resources Corporation COM STOCK      | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     26489 | NS      | $1833568.58   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                            | Constellium SE CL A SHS                         | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |    225835 | NS      | $5551024.30   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                   | Piper Sandler Companies COM NEW                 | CUSIP: 724078209<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     36256 | NS      | $2775396.80   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Incorporated       | Ligand Pharmaceuticals Incorporated COM NEW     | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |     25904 | NS      | $5171733.60   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Atricure Inc                              | Atricure Inc COM                                | CUSIP: 04963C209<br>LEI: 254900B2I6GPHK2EXM59 | Long             | EC               | CORP              | US        |     69176 | NS      | $1973591.28   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide, Inc.                | Wolverine World Wide, Inc. COM                  | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     94860 | NS      | $1548115.20   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                       | Viavi Solutions Inc COM                         | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    174898 | NS      | $5820605.44   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corporation Of Florida   | Seacoast Banking Corporation Of Florida COM NEW | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     53920 | NS      | $1633236.80   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                      | TTM Technologies Inc COM                        | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     48758 | NS      | $4750004.36   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowhead Specialty Holdings Inc            | Bowhead Specialty Holdings Inc COM SHS          | CUSIP: 10240L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81423 | NS      | $1826317.89   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Energy Group Inc             | NorthWestern Energy Group Inc COM NEW           | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     32236 | NS      | $2125641.84   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corporation | Federal Agricultural Mortgage Corporation CL C  | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGSE             | US        |     20882 | NS      | $3097844.70   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp.                           | NETSTREIT Corp. COM                             | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |    161928 | NS      | $3049104.24   | 1.51%             |  |  |  | No            |                  1 | On Loan: —       |
| LCI Industries                            | LCI Industries COM                              | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |     15421 | NS      | $1896474.58   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Incorporated                    | Synaptics Incorporated COM                      | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     29079 | NS      | $2036693.16   | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| FIXED INCOME CLEARING CORPORATION         | FICC                                            | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   5710000 | PA      | $5710000.00   | 2.83%             |  |  |  | No            |                  2 | On Loan: No      |
| OMNIAB INC                                | OmniAb Inc. USD0.0001 A (USD15 VESTING)         | CUSIP: 68218J301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10502 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MAGNOLIA OIL & GAS CORP                   | Magnolia Oil & Gas Corporation CL A             | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91802 | NS      | $2898189.14   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                        | Chord Energy Corp. COM NEW                      | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     15647 | NS      | $2224690.46   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp            | Atlantic Union Bankshares Corp COM              | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79086 | NS      | $2826533.64   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                    | Boot Barn Holdings Inc COM                      | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     11722 | NS      | $1715631.92   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc                 | Agios Pharmaceuticals Inc COM                   | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |     73105 | NS      | $2473142.15   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc.                         | PJT Partners Inc. COM CL A                      | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     15627 | NS      | $2183404.44   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc                | Thermon Group Holdings Inc COM                  | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     95927 | NS      | $4834720.80   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation              | Stifel Financial Corporation COM                | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     19312 | NS      | $1427543.04   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                 | Matador Resources Company COM                   | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     39235 | NS      | $2478867.30   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                   | Patrick Industries Inc. COM                     | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     20281 | NS      | $2252610.67   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                    | Powell Industries Inc. COM                      | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      8895 | NS      | $4812906.60   | 2.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Idacorp Inc                               | Idacorp Inc COM                                 | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     22786 | NS      | $3257714.42   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                      | Tri Pointe Homes Inc COM                        | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106210 | NS      | $4963193.30   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Inc.                              | Compass Inc. CL A                               | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |    309209 | NS      | $2260317.79   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.                   | Primoris Services Corp. COM                     | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     15977 | NS      | $2285350.08   | 1.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Central Garden & Pet Company              | Central Garden & Pet Company COM                | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     68953 | NS      | $2535401.81   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | Permian Resources Corp CLASS A COM              | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    101866 | NS      | $2171783.12   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                     | STAG Industrial, Inc. COM                       | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     57712 | NS      | $2081094.72   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                           | City Holding Co COM                             | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22673 | NS      | $2709876.96   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                       | Acadia Realty Trust COM SH BEN INT              | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |    101108 | NS      | $1933184.96   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                    | Cathay General Bancorp COM                      | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     51031 | NS      | $2544405.66   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc         | Solaris Energy Infrastructure Inc COM CL A      | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |    107191 | NS      | $6057363.41   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                    | Travel Plus Leisure Co COM                      | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     29325 | NS      | $2028996.75   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corporation         | Horace Mann Educators Corporation COM           | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     38478 | NS      | $1642241.04   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc.                      | Silgan Holdings Inc. COM                        | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     51918 | NS      | $2014418.40   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer