# EDGAR Filing Document

**Accession Number:** 0000720309
**File Stem:** 0000940400-26-022962
**Filing Date:** 2026-6
**Character Count:** 36010
**Document Hash:** 6f86c2c699e185d75af1f0e9008c86a6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022962.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022962

**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 III
- **CENTRAL INDEX KEY:** 0000720309

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03752
- **FILM NUMBER:** 261048682

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

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

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

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

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

## Series and Classes Contracts Data

### AMG Veritas Asia Pacific Fund (Series ID: S000009865)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027305 | Class N      | MGSEX           |
| C000027306 | Class I      | MSEIX           |

## Nport-Ex

AMG Veritas Asia Pacific Fund

Schedule of Portfolio Investments *(unaudited)*

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 90.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services - 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Bharti Airtel, Ltd. (India) | &nbsp;&nbsp;&nbsp;46142 | &nbsp;&nbsp;&nbsp;$876855 |
| &nbsp;&nbsp;&nbsp;HYBE Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;6007 | &nbsp;&nbsp;&nbsp;&nbsp;1217792 |
| &nbsp;&nbsp;&nbsp;Tencent Holdings, Ltd. (China) | &nbsp;&nbsp;&nbsp;45639 | &nbsp;&nbsp;&nbsp;2878560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Communication Services |  | &nbsp;&nbsp;&nbsp;4973207 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Group Holding, Ltd. (China) | &nbsp;&nbsp;110250 | &nbsp;&nbsp;&nbsp;&nbsp;1728112 |
| &nbsp;&nbsp;&nbsp;Eternal, Ltd. (India)<sup>\*</sup> | 372693 | &nbsp;&nbsp;&nbsp;&nbsp;916910 |
| &nbsp;&nbsp;&nbsp;Minor International PCL (Thailand) | 915800 | &nbsp;&nbsp;&nbsp;&nbsp;610430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;3255452 |
| &nbsp;&nbsp;&nbsp;**Energy - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;HD Hyundai Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;3206 | &nbsp;&nbsp;&nbsp;&nbsp;537678 |
| &nbsp;&nbsp;&nbsp;Yantai Jereh Oilfield Services Group Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;79200 | &nbsp;&nbsp;&nbsp;&nbsp;1130386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Energy |  | &nbsp;&nbsp;1668064 |
| &nbsp;&nbsp;&nbsp;**Financials - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;HSBC Holdings PLC (United Kingdom) | &nbsp;&nbsp;&nbsp;72500 | &nbsp;&nbsp;&nbsp;&nbsp;1185328 |
| &nbsp;&nbsp;&nbsp;**Health Care - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Akeso, Inc. (China)<sup>\*,1,2</sup> | &nbsp;&nbsp;58000 | &nbsp;&nbsp;&nbsp;&nbsp;987561 |
| &nbsp;&nbsp;&nbsp;Jiangsu Hengrui Pharmaceuticals Co., Ltd., Class A (China) | &nbsp;&nbsp;123200 | &nbsp;&nbsp;&nbsp;&nbsp;995568 |
| &nbsp;&nbsp;&nbsp;WuXi AppTec Co., Ltd., Class H (China)<sup>1</sup> | &nbsp;&nbsp;&nbsp;77400 | &nbsp;&nbsp;&nbsp;&nbsp;1185415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;&nbsp;3168544 |
| &nbsp;&nbsp;&nbsp;**Industrials - 21.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Anhui Yingliu Electromechanical Co., Ltd., Class A (China) | &nbsp;&nbsp;63600 | &nbsp;&nbsp;&nbsp;&nbsp;576523 |
| &nbsp;&nbsp;&nbsp;Bharat Electronics, Ltd. (India) | 332996 | &nbsp;&nbsp;&nbsp;1424973 |
| &nbsp;&nbsp;&nbsp;Contemporary Amperex Technology Co., Ltd., Class A (China) | &nbsp;&nbsp;54900 | &nbsp;&nbsp;&nbsp;3248217 |
| &nbsp;&nbsp;&nbsp;Hanwha Aerospace Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;1364 | &nbsp;&nbsp;&nbsp;&nbsp;1163092 |
| &nbsp;&nbsp;&nbsp;HD Hyundai Electric Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;3622 | &nbsp;&nbsp;&nbsp;2052544 |
| &nbsp;&nbsp;&nbsp;HD Hyundai Heavy Industries Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;9086 | &nbsp;&nbsp;&nbsp;2910429 |
| &nbsp;&nbsp;&nbsp;Hyosung Heavy Industries Corp. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;1038 | &nbsp;&nbsp;&nbsp;&nbsp;1752737 |
| &nbsp;&nbsp;&nbsp;Hyundai Rotem Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;8527 | &nbsp;&nbsp;&nbsp;&nbsp;981934 |
| &nbsp;&nbsp;&nbsp;Jardine Matheson Holdings, Ltd. (Hong Kong) | &nbsp;&nbsp;&nbsp;10800 | &nbsp;&nbsp;&nbsp;&nbsp;776339 |
| &nbsp;&nbsp;&nbsp;Komatsu, Ltd. (Japan) | &nbsp;&nbsp;&nbsp;24100 | &nbsp;&nbsp;&nbsp;&nbsp;959676 |
| &nbsp;&nbsp;&nbsp;Larsen & Toubro, Ltd. (India) | &nbsp;&nbsp;&nbsp;35327 | &nbsp;&nbsp;&nbsp;&nbsp;1313378 |
| &nbsp;&nbsp;&nbsp;Neway Valve Suzhou Co., Ltd., Class A (China) | &nbsp;&nbsp;103100 | &nbsp;&nbsp;&nbsp;&nbsp;729251 |
| &nbsp;&nbsp;&nbsp;Sany Heavy Equipment International Holdings Co., Ltd. (China) | 323500 | &nbsp;&nbsp;&nbsp;&nbsp;459359 |
| &nbsp;&nbsp;&nbsp;Sieyuan Electric Co., Ltd., Class A (China) | &nbsp;&nbsp;174000 | &nbsp;&nbsp;&nbsp;5146230 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| &nbsp;&nbsp;&nbsp;Weichai Power Co. Ltd., Class H (China) | &nbsp;&nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$797900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24292582 |
| &nbsp;&nbsp;&nbsp;**Information Technology - 48.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Accton Technology Corp. (Taiwan) | &nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2960231 |
| &nbsp;&nbsp;&nbsp;Asia Vital Components Co., Ltd. (Taiwan) | &nbsp;&nbsp;&nbsp;&nbsp;35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2311733 |
| &nbsp;&nbsp;&nbsp;ASPEED Technology, Inc. (Taiwan) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689390 |
| &nbsp;&nbsp;&nbsp;Delta Electronics, Inc. (Taiwan) | &nbsp;&nbsp;&nbsp;222000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10010062 |
| &nbsp;&nbsp;&nbsp;Hon Hai Precision Industry Co., Ltd. (Taiwan) | &nbsp;&nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1039171 |
| &nbsp;&nbsp;&nbsp;Hon Precision, Inc. (Taiwan) | &nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1659693 |
| &nbsp;&nbsp;&nbsp;NAURA Technology Group Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;&nbsp;16379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1077137 |
| &nbsp;&nbsp;&nbsp;Samsung Electronics Co., Ltd. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;76273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8920996 |
| &nbsp;&nbsp;&nbsp;Shengyi Technology Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;186600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1498384 |
| &nbsp;&nbsp;&nbsp;SK hynix, Inc. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3189727 |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co., Ltd. (Taiwan) | &nbsp;&nbsp;&nbsp;341500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19750490 |
| &nbsp;&nbsp;&nbsp;Zhongji Innolight Co., Ltd., Class A (China) | &nbsp;&nbsp;&nbsp;&nbsp;21600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1850452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Information Technology |  | &nbsp;&nbsp;&nbsp;&nbsp;54957466 |
| &nbsp;&nbsp;&nbsp;**Materials - 6.2%** |  |  |
| &nbsp;&nbsp;&nbsp;BHP Group, Ltd. (Australia) | &nbsp;&nbsp;&nbsp;&nbsp;35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1266388 |
| &nbsp;&nbsp;&nbsp;KCC Corp. (South Korea) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828457 |
| &nbsp;&nbsp;&nbsp;Newmont Corp. (United States) | &nbsp;&nbsp;&nbsp;&nbsp;17420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1877983 |
| &nbsp;&nbsp;&nbsp;Pidilite Industries, Ltd. (India) | &nbsp;&nbsp;&nbsp;&nbsp;24702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334660 |
| &nbsp;&nbsp;&nbsp;Zijin Mining Group Co., Ltd., Class H (China) | &nbsp;&nbsp;&nbsp;588000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2645118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Materials |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6952606 |
| &nbsp;&nbsp;&nbsp;**Real Estate - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Sun Hung Kai Properties, Ltd. (Hong Kong) | &nbsp;&nbsp;&nbsp;&nbsp;99600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1658424 |
| **Total Common Stocks<br> (Cost $79,652,791)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102111673 |
| **Short-Term Investments - 9.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Other Investment Companies - 9.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Dreyfus Government Cash Management Fund, Institutional Shares, 3.53%<sup>3</sup> | 4320480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4320480 |
| &nbsp;&nbsp;&nbsp;Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.60%<sup>3</sup> | 6480720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6480720 |
| **Total Short-Term Investments<br> (Cost $10,801,200)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10801200 |
| **Total Investments - 100.5%<br> (Cost $90,453,991)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112912873 |
| **Other Assets, less Liabilities - (0.5)%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (529328) |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$112383545** |

---

------

AMG Veritas Asia Pacific Fund

Schedule of Portfolio Investments *(continued)*

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

<sup>1</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2026, the value of these securities amounted to $2,172,976 or 1.9% of net assets.

<sup>2</sup> Some of this security, amounting to $740,670 or 0.7% 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>3</sup> Yield shown represents the March 31, 2026, 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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &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;Information Technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; $54957466 | &nbsp;&nbsp; — | &nbsp;&nbsp; $54957466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24292582 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24292582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp; $334660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6617946 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6952606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4973207 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4973207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3255452 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3255452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3168544 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3168544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1668064 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1668064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1658424 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1658424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1185328 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1185328 |
| &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; 10801200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10801200 |
| &nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;$11135860 | &nbsp;&nbsp;&nbsp;$101777013 | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$112912873 |

---

<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 March 31, 2026, there were no transfers in or out of Level 3.

The country allocation in the Schedule of Portfolio Investments at March 31, 2026, was as follows:

---

| | |
|:---|:---|
| **Country** | &nbsp;&nbsp;**% of Long-Term<br> Investments** |
| Australia | &nbsp;&nbsp;&nbsp;&nbsp;1.2 |
| China | &nbsp;&nbsp;&nbsp;26.4 |
| Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;2.4 |
| India | &nbsp;&nbsp;&nbsp;&nbsp;4.8 |
| Japan | &nbsp;&nbsp;&nbsp;&nbsp;0.9 |
| South Korea | &nbsp;&nbsp;&nbsp;&nbsp;23.1 |
| Taiwan | &nbsp;&nbsp;&nbsp;&nbsp;37.6 |
| Thailand | &nbsp;&nbsp;&nbsp;&nbsp;0.6 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;1.2 |
| United States | &nbsp;&nbsp;&nbsp;&nbsp;1.8 |
|  | &nbsp;&nbsp;100.0 |

---

------

AMG Veritas Asia Pacific 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** |
| $740670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $772872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $772872 |

---

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;0.125%-4.750% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11/15/27-05/15/55 |

---

For additional information about significant accounting policies, including valuation of investments, refer to the Fund's most recent semi or annual report.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

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

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

- **a. Name of Series:** AMG Veritas Asia Pacific Fund

- **b. EDGAR series identifier (if any):** S000009865

- **c. LEI of Series:** 549300OW6V030SGK2657

**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:** $113312178.68

**Total Liabilities:** $754199.73

**Net Assets:** $112557978.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027306 | 11.19%               | 9.48%                | -11.53%              |
| Class ID C000027305 | 11.17%               | 9.46%                | -11.55%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3155567.77              | $8436468.20                                |
| Month 2  | $2158778.46              | $8961902.52                                |
| Month 3  | $4461343.81              | $-19449313.23                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DREYFUS INSTITUTIONAL PREFERRED MONEY MARKET FUNDS | Dreyfus Instl Resv PFD GOVT INSTL                         | CUSIP: 26200X100<br>LEI: 5493001BRBYRXP4A4K56 | Long             | STIV             | RF                | US        |   6480720 | NS      | $6480719.67   | 5.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED TECHNOLOGY INC                              | ASPEED Technology Inc. TWD10                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2000 | NS      | $689389.52    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd.                 | Hon Hai Precision Industry Co Ltd. TWD10                  | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |    170000 | NS      | $1039170.67   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd.                            | Bharat Electronics Ltd. INR1                              | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |    332996 | NS      | $1424973.46   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                               | Tencent Holdings Ltd. HKD0.00002                          | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     45639 | NS      | $2878560.40   | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd.                               | Larsen & Toubro Ltd. INR2                                 | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |     35327 | NS      | $1313378.36   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Sieyuan Electric Co Ltd                            | Sieyuan Electric Co Ltd 'A'CNY1                           | CUSIP: 000000000<br>LEI: 836800H6UQQUWN4PSZ32 | Long             | EC               | CORP              | CN        |    174000 | NS      | $5146229.51   | 4.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                            | Accton Technology Corp. TWD10                             | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |     60000 | NS      | $2960230.45   | 2.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Hybe Co Ltd.                                       | Hybe Co Ltd. KRW500.00                                    | CUSIP: 000000000<br>LEI: 988400NYDQI538IJ3K23 | Long             | EC               | CORP              | KR        |      6007 | NS      | $1217792.33   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| NEWAY VALVE (SUZHOU) CO LTD                        | Newat Valve (Suzhou) Co Ltd 'A'CNY1                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    103100 | NS      | $729251.48    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric Co Ltd.                        | HD Hyundai Electric Co Ltd. KRW5000                       | CUSIP: 000000000<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |      3622 | NS      | $2052544.17   | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| HD HYUNDAI CO LTD                                  | HD Hyundai Co.,Ltd. KRW1000                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3206 | NS      | $537678.45    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd.                         | Zijin Mining Group Co Ltd. 'H'CNY0.1                      | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    588000 | NS      | $2645117.31   | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| KCC Corporation                                    | KCC Corporation KRW5000                                   | CUSIP: 000000000<br>LEI: 988400BF3M5UFPF3PH17 | Long             | EC               | CORP              | KR        |      2502 | NS      | $828457.23    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd.                        | Samsung Electronics Co Ltd. KRW100                        | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     76273 | NS      | $8920996.21   | 7.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Aerospace Co Ltd                            | Hanwha Aerospace Co Ltd KRW5000                           | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |      1364 | NS      | $1163091.92   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Yingliu Electromechanical Co Ltd             | Anhui Yingliu Electromechanical Co Ltd 'A'CNY1            | CUSIP: 000000000<br>LEI: 300300D1M9RNSPEHDR92 | Long             | EC               | CORP              | CN        |     63600 | NS      | $576523.25    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Eternal Ltd.                                       | Eternal Ltd. INR1.00                                      | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |    372693 | NS      | $916909.60    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co Ltd.            | Jiangsu Hengrui Pharmaceuticals Co Ltd. 'A'CNY1           | CUSIP: 000000000<br>LEI: 2549003BT1XS3SE3E448 | Long             | EC               | CORP              | CN        |    123200 | NS      | $995568.32    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc.                             | Delta Electronics Inc. TWD10                              | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    222000 | NS      | $10010062.41  | 8.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Pidilite Industries Ltd.                           | Pidilite Industries Ltd. INR1(POST SUBDIVISION)           | CUSIP: 000000000<br>LEI: 335800APXGEBZ349GN74 | Long             | EC               | CORP              | IN        |     24702 | NS      | $334659.87    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                          | Alibaba Group Holding Ltd. USD0.000003125                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    110250 | NS      | $1728112.45   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corporation                                | Newmont Corporation CDI 1:1                               | CUSIP: 000000000<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     17420 | NS      | $1877983.22   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd.                                       | Komatsu Ltd. NPV                                          | CUSIP: 000000000<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |     24100 | NS      | $959675.95    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Minor International Public Co Ltd.                 | Minor International Public Co Ltd. THB1(ALIEN)            | CUSIP: 000000000<br>LEI: 254900T4WB2UF9XPX041 | Long             | EC               | CORP              | TH        |    915800 | NS      | $610430.27    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc.                                      | SK Hynix Inc. KRW5000                                     | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      5622 | NS      | $3189726.74   | 2.83%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENGYI TECHNOLOGY CO LTD                          | Shengyi Technology Co Ltd. 'A'CNY1                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    186600 | NS      | $1498384.44   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                                 | Bharti Airtel Ltd. INR5                                   | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |     46142 | NS      | $876854.56    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI ROTEM COMPANY                              | Hyundai Rotem Co Ltd KRW5000                              | CUSIP: 000000000<br>LEI: 988400HB939UNHXTFY36 | Long             | EC               | CORP              | KR        |      8527 | NS      | $981933.58    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| HON PRECISION INC                                  | Hon Precision Inc. TWD10                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     15000 | NS      | $1659693.42   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Heavy Industries Co Ltd.                | HD Hyundai Heavy Industries Co Ltd. KRW5000               | CUSIP: 000000000<br>LEI: 988400CAR8W9URQLGF30 | Long             | EC               | CORP              | KR        |      9086 | NS      | $2910428.49   | 2.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management Funds           | Dreyfus Government Cash Management Funds SH BEN INT       | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   4320480 | NS      | $4320479.78   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd.            | Contemporary Amperex Technology Co Ltd. 'A' CNY1          | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     54900 | NS      | $3248216.85   | 2.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Yantai Jereh Oilfield Services Group Co Ltd.       | Yantai Jereh Oilfield Services Group Co Ltd. 'A'CNY1      | CUSIP: 000000000<br>LEI: 300300QPHWK638H2EU20 | Long             | EC               | CORP              | CN        |     79200 | NS      | $1130385.79   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sany Heavy Equipment International Holdings Co Ltd | Sany Heavy Equipment International Holdings Co Ltd HKD0.1 | CUSIP: 000000000<br>LEI: 254900BKG9FQLCKFVK72 | Long             | EC               | CORP              | KY        |    323500 | NS      | $459358.49    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| WuXi AppTec Co Ltd.                                | WuXi AppTec Co Ltd. CNY1 H                                | CUSIP: 000000000<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |     77400 | NS      | $1185415.40   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                     | BHP Group Ltd. NPV                                        | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     35000 | NS      | $1266388.30   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ASIA VITAL COMPONENTS COMPANY LTD                  | Asia Vital Components Co Ltd TWD10                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     35000 | NS      | $2311732.74   | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA Technology Group Co Ltd.                     | NAURA Technology Group Co Ltd. 'A'CNY1                    | CUSIP: 000000000<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |     16379 | NS      | $1077136.58   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongji Innolight Co Ltd.                          | Zhongji Innolight Co Ltd. 'A'CNY1                         | CUSIP: 000000000<br>LEI: 655600K7YZDKAI214O83 | Long             | EC               | CORP              | CN        |     21600 | NS      | $1850452.10   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| AKESO INC                                          | Akeso Inc. USD0.00001                                     | CUSIP: 000000000<br>LEI: 254900ECWYGR3QW5GF30 | Long             | EC               | CORP              | KY        |     58000 | NS      | $987560.56    | 0.88%             |  |  |  | No            |                  2 | On Loan: —       |
| Weichai Power Co Ltd.                              | Weichai Power Co Ltd. 'H'CNY1                             | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |    225000 | NS      | $797900.47    | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd.                       | Sun Hung Kai Properties Ltd. NPV                          | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |     99600 | NS      | $1658423.36   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| JARDINE MATHESON HOLDINGS LTD                      | Jardine Matheson Holdings Ltd. USD0.25(SINGAPORE REG)     | CUSIP: 000000000<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | BM        |     10800 | NS      | $776339.02    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.       | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10        | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    341500 | NS      | $19750490.24  | 17.55%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                  | HSBC Holdings PLC ORD USD0.50(HONG KONG REG)              | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     72500 | NS      | $1185327.92   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyosung Heavy Industries Corporation               | Hyosung Heavy Industries Corporation KRW5000              | CUSIP: 000000000<br>LEI: 988400IDLF9EQ95M0928 | Long             | EC               | CORP              | KR        |      1038 | NS      | $1752737.28   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** AMG Funds III

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer