CONTACT US ACCOUNT ACCESS Products Boutiques Research & Insights Blog Resources About Us Access the world’s leading network of boutique investment firms Find a Fund Search by fund name: Search by asset class: Select Asset Class Search by Morningstar Rating: Select Morningstar Rating See all our funds in one place: VIEW ALL AMG FUNDS Quarterly Webcasts HARDING LOEVNER YACKTMAN Harding Loevner Quarterly Market Outlook SEPTEMBER 30, 2021 The impact of the Global COVID-19 Pandemic continues to bring uncertainty to equity markets through new fears of inflation and supply chain disruptions. Harding Loevner cuts through the headlines with an investment approach focused on identifying quality growth businesses in any market environment. Harding Loevner covers the equity landscape in their Q3 2021 review. READ MORE Fund Spotlight YACKX Yacktman Fund The Fund seeks long-term capital appreciation and, to a lesser extent, current income by primarily investing in common stocks of U.S. companies. OVERALL MORNINGSTAR RATING Rated against 1144 Large Value funds as of 09/30/2021 VIEW MORNINGSTAR DETAILS AVERAGE ANNUAL RETURNS 1YR 3YR 5YR INCEP -10% 0% 10% 20% 30% 40% ■ YACKX ■ Russell 1000® Value Index ■ S&P 500® Index Quarterly performance (%) data as of 09/30/2021 FUND DETAIL View Performance Disclosures MBEAX GW&K Global Allocation Fund Long-term capital appreciation and moderate current income OVERALL MORNINGSTAR RATING Rated against 417 World Allocation funds as of 09/30/2021 VIEW MORNINGSTAR DETAILS AVERAGE ANNUAL RETURNS 1YR 3YR 5YR INCEP -5% 0% 5% 10% 15% 20% ■ MBEAX ■ 60% MSCI ACWI/40% Bloomberg Global Aggregate Bond Quarterly performance (%) data as of 09/30/2021 FUND DETAIL Read Important Investment Disclosures VIEW ALL AMG FUNDS News & Events Webcast Gallery Explore the latest market insights and product updates from our Affiliate investment managers READ MORE VIEW ALL AMG NEWS & EVENTS Featured Perspectives Aligning Active Ownership Strategies in Impact Investing SEPTEMBER 14, 2021 | LIZ SU, CFA, KEVIN HART, CIMA An authentic, intentional, and holistic approach relies on aligning active ownership strategies with stated investment goals, and ESG-led research process, and impact-oriented themes and targets. READ BLOG Keep Calm and Remain Diversified A Short - and Long-Term Review on the Power of Diversification READ MORE A World of Opportunity: Surveying the Global Equity Investing Landscape The vast size of the global investment universe offers diversification possibilities in both non-U.S. developed, emerging, and frontier markets equities. While it is impossible to predict next year’s out-performers, investors who diversify globally may be well positioned to achieve their long-term goals. READ MORE VIEW ALL AMG FUNDS PERSPECTIVES STAY IN THE KNOW Sign up for independent thinking, blogs and product updates that matter most to you. CHOOSE SUBSCRIPTIONS PRODUCTS Mutual Funds & Alternatives Separately Managed Accounts BOUTIQUES View All PERSPECTIVES Featured Research RESOURCES Literature AMG Funds Access Forms & Applications Tax Information ABOUT US Why AMG Funds? Culture News & Events Contact Us Shareholders 800.548.4539 Financial Professionals 800.368.4410 Disclosures Terms & Conditions Privacy Media AMG Inc. FINRA BrokerCheck © Copyright 2021 AMG Funds LLC. All rights reserved. Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. For this and other information, please call 800.835.3879 or visit www.amgfunds.com for a free prospectus. Read it carefully before investing or sending money. The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. Market Risk—Market prices of investments held by the Fund may fall rapidly or unpredictably due to a variety of economic or political factors, market conditions, disasters or public health issues, or in response to events that affect particular industries or companies. The sector allocation chart represents sectors at least 5%. Portfolio holdings and characteristics are subject to change at any time. Top Ten Holdings: Mention of a specific security should not be considered a recommendation to buy or solicitation to sell that security. Future Holdings Risk: Any sectors, industries or securities discussed should not be perceived as investment recommendations. The views expressed represent the opinions of AMG Funds LLC and are not intended as a forecast or guarantee of future results. Any securities discussed may no longer be held in an account’s portfolio. Both current and future portfolio holdings are subject to risk. It should not be assumed that any of the securities transactions discussed were or will prove to be profitable, or that the investment recommendations we make in the future will be profitable. Data Sources: BoNY, FactSet, Bloomberg and ICE Data Analytics. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Morningstar Rating is for the share class indicated only (see ticker); other share classes may have different performance characteristics. The Ranking may reflect the waiver of all or a portion of the fund's fees. Without such waiver, the Rankings may have been lower. Past performance is no guarantee of future results. ©2021 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor the AMG Funds are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. AMG Funds are distributed by AMG Distributors, Inc., a member of FINRA/SIPC.