Shareholder Report
Mar. 31, 2025
USD ($)
Holding
Fund Expenses
What were the Fund costs for the last six months?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| AMG Boston Common Global Impact Fund (Class I/BRWIX) |
$44 | 0.93% |
Key Fund Statistics (as of March 31, 2025)
| Fund net assets | $488,979,342 |
| Total number of portfolio holdings | 71 |
| Net advisory fees paid | $1,911,161 |
| Portfolio turnover rate as of the end of the reporting period | 40% |
Graphical Representation of Holdings (as of March 31, 2025)
Top ten holdings and portfolio breakdown are shown as a percentage of net assets of the Fund and country allocation is shown as a percentage of total long-term investments of the Fund.
Top Ten Holdings
| Microsoft Corp. (United States) | 3.6% |
| Apple, Inc. (United States) | 3.1% |
| Alphabet, Inc., Class A (United States) | 2.9% |
| NVIDIA Corp. (United States) | 2.7% |
| BYD Co., Ltd., Class H (China) | 2.6% |
| Netflix, Inc. (United States) | 2.5% |
| Visa, Inc., Class A (United States) | 2.5% |
| Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR (Taiwan) | 2.4% |
| Smurfit WestRock PLC (Ireland) | 2.4% |
| Chubb, Ltd. (Switzerland) | 2.3% |
| Top Ten as a Group | 27.0% |
Portfolio Breakdown
Country Allocation
Top Ten Holdings
| Microsoft Corp. (United States) | 3.6% |
| Apple, Inc. (United States) | 3.1% |
| Alphabet, Inc., Class A (United States) | 2.9% |
| NVIDIA Corp. (United States) | 2.7% |
| BYD Co., Ltd., Class H (China) | 2.6% |
| Netflix, Inc. (United States) | 2.5% |
| Visa, Inc., Class A (United States) | 2.5% |
| Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR (Taiwan) | 2.4% |
| Smurfit WestRock PLC (Ireland) | 2.4% |
| Chubb, Ltd. (Switzerland) | 2.3% |
| Top Ten as a Group | 27.0% |
Fund Expenses
What were the Fund costs for the last six months?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| AMG Veritas Global Real Return Fund (Class I/BLUEX) |
$58 | 1.16% |
Key Fund Statistics (as of March 31, 2025)
| Fund net assets | $99,204,866 |
| Total number of portfolio holdings | 33 |
| Net advisory fees paid | $392,523 |
| Portfolio turnover rate as of the end of the reporting period | 11% |
Graphical Representation of Holdings (as of March 31, 2025)
Top ten holdings and portfolio breakdown are shown as a percentage of net assets of the Fund and country allocation is shown as a percentage of total long-term investments of the Fund.
Top Ten Holdings
| Microsoft Corp. (United States) | 5.5% |
| Unilever PLC (United Kingdom) | 5.2% |
| Safran, S.A. (France) | 5.1% |
| Amazon.com, Inc. (United States) | 5.0% |
| Airbus SE (France) | 4.8% |
| Vinci, S.A. (France) | 4.3% |
| UnitedHealth Group, Inc. (United States) | 4.2% |
| Alphabet, Inc., Class A (United States) | 4.0% |
| Amadeus IT Group, S.A. (Spain) | 4.0% |
| Diageo PLC (United Kingdom) | 3.9% |
| Top Ten as a Group | 46.0% |
Portfolio Breakdown
Country Allocation
Top Ten Holdings
| Microsoft Corp. (United States) | 5.5% |
| Unilever PLC (United Kingdom) | 5.2% |
| Safran, S.A. (France) | 5.1% |
| Amazon.com, Inc. (United States) | 5.0% |
| Airbus SE (France) | 4.8% |
| Vinci, S.A. (France) | 4.3% |
| UnitedHealth Group, Inc. (United States) | 4.2% |
| Alphabet, Inc., Class A (United States) | 4.0% |
| Amadeus IT Group, S.A. (Spain) | 4.0% |
| Diageo PLC (United Kingdom) | 3.9% |
| Top Ten as a Group | 46.0% |
Fund Expenses
What were the Fund costs for the last six months?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| AMG Systematica Managed Futures Strategy Fund (Class N/SMFNX) |
$58 | 1.21% |
Key Fund Statistics (as of March 31, 2025)
| Fund net assets | $5,596,734 |
| Total number of portfolio holdings | 240 |
| Net advisory fees paid | $0 |
| Portfolio turnover rate as of the end of the reporting period | 0% |
Graphical Representation of Holdings (as of March 31, 2025)
The portfolio breakdown is shown as a percentage of net assets of the Fund and notional allocation is shown as a percentage of total notional value of the Fund's derivatives holdings. The portfolio breakdown and notional allocation are inclusive of the Fund's wholly-owned subsidiary.
Portfolio Breakdown
NOTIONAL ALLOCATION
Recent Fund Changes
This is a summary of certain changes to the Fund since October 1, 2024. For more information, you may review the Fund's prospectus at https://wealth.amg.com/literature. The Fund's prospectus is also available without charge by calling 800.548.4539 or by sending an e-mail request to shareholderservices@amg.com.
Effective December 6, 2024, AMG Funds LLC has contractually agreed, through February 1, 2026, to waive the management fee payable by the Fund by 0.30%, from 1.20% to 0.90%.
Effective December 6, 2024, AMG Funds LLC has contractually agreed, through February 1, 2026, to waive the management fee payable by the Fund by 0.30%, from 1.20% to 0.90%.
This is a summary of certain changes to the Fund since October 1, 2024. For more information, you may review the Fund's prospectus at https://wealth.amg.com/literature. The Fund's prospectus is also available without charge by calling 800.548.4539 or by sending an e-mail request to shareholderservices@amg.com.
Fund Expenses
What were the Fund costs for the last six months?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| AMG Systematica Managed Futures Strategy Fund (Class I/SMFIX) |
$58 | 1.21% |
Key Fund Statistics (as of March 31, 2025)
| Fund net assets | $5,596,734 |
| Total number of portfolio holdings | 240 |
| Net advisory fees paid | $0 |
| Portfolio turnover rate as of the end of the reporting period | 0% |
Graphical Representation of Holdings (as of March 31, 2025)
The portfolio breakdown is shown as a percentage of net assets of the Fund and notional allocation is shown as a percentage of total notional value of the Fund's derivatives holdings. The portfolio breakdown and notional allocation are inclusive of the Fund's wholly-owned subsidiary.
Portfolio Breakdown
NOTIONAL ALLOCATION
Recent Fund Changes
This is a summary of certain changes to the Fund since October 1, 2024. For more information, you may review the Fund's prospectus at https://wealth.amg.com/literature. The Fund's prospectus is also available without charge by calling 800.548.4539 or by sending an e-mail request to shareholderservices@amg.com.
Effective December 6, 2024, AMG Funds LLC has contractually agreed, through February 1, 2026, to waive the management fee payable by the Fund by 0.30%, from 1.20% to 0.90%.
Effective December 6, 2024, AMG Funds LLC has contractually agreed, through February 1, 2026, to waive the management fee payable by the Fund by 0.30%, from 1.20% to 0.90%.
This is a summary of certain changes to the Fund since October 1, 2024. For more information, you may review the Fund's prospectus at https://wealth.amg.com/literature. The Fund's prospectus is also available without charge by calling 800.548.4539 or by sending an e-mail request to shareholderservices@amg.com.
Fund Expenses
What were the Fund costs for the last six months?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| AMG Systematica Managed Futures Strategy Fund (Class Z/SMFZX) |
$58 | 1.21% |
Key Fund Statistics (as of March 31, 2025)
| Fund net assets | $5,596,734 |
| Total number of portfolio holdings | 240 |
| Net advisory fees paid | $0 |
| Portfolio turnover rate as of the end of the reporting period | 0% |
Graphical Representation of Holdings (as of March 31, 2025)
The portfolio breakdown is shown as a percentage of net assets of the Fund and notional allocation is shown as a percentage of total notional value of the Fund's derivatives holdings. The portfolio breakdown and notional allocation are inclusive of the Fund's wholly-owned subsidiary.
Portfolio Breakdown
NOTIONAL ALLOCATION
Recent Fund Changes
This is a summary of certain changes to the Fund since October 1, 2024. For more information, you may review the Fund's prospectus at https://wealth.amg.com/literature. The Fund's prospectus is also available without charge by calling 800.548.4539 or by sending an e-mail request to shareholderservices@amg.com.
Effective December 6, 2024, AMG Funds LLC has contractually agreed, through February 1, 2026, to waive the management fee payable by the Fund by 0.30%, from 1.20% to 0.90%.
Effective December 6, 2024, AMG Funds LLC has contractually agreed, through February 1, 2026, to waive the management fee payable by the Fund by 0.30%, from 1.20% to 0.90%.
This is a summary of certain changes to the Fund since October 1, 2024. For more information, you may review the Fund's prospectus at https://wealth.amg.com/literature. The Fund's prospectus is also available without charge by calling 800.548.4539 or by sending an e-mail request to shareholderservices@amg.com.
Fund Expenses
What were the Fund costs for the last six months?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| AMG Systematica Trend-Enhanced Markets Fund (Class N/STMBX) |
$0 | 0.00% |
Key Fund Statistics (as of March 31, 2025)
| Fund net assets | $6,000,000 |
| Total number of portfolio holdings | 0 |
| Net advisory fees paid | $0 |
| Portfolio turnover rate as of the end of the reporting period | 0% |
Graphical Representation of Holdings (as of March 31, 2025)
The Fund's inception date was March 31, 2025, and the Fund held a 100% cash position only.
Fund Expenses
What were the Fund costs for the last six months?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| AMG Systematica Trend-Enhanced Markets Fund (Class I/STMIX) |
$0 | 0.00% |
Key Fund Statistics (as of March 31, 2025)
| Fund net assets | $6,000,000 |
| Total number of portfolio holdings | 0 |
| Net advisory fees paid | $0 |
| Portfolio turnover rate as of the end of the reporting period | 0% |
Graphical Representation of Holdings (as of March 31, 2025)
The Fund's inception date was March 31, 2025, and the Fund held a 100% cash position only.
Fund Expenses
What were the Fund costs for the last six months?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| AMG Systematica Trend-Enhanced Markets Fund (Class Z/STMZX) |
$0 | 0.00% |
Key Fund Statistics (as of March 31, 2025)
| Fund net assets | $6,000,000 |
| Total number of portfolio holdings | 0 |
| Net advisory fees paid | $0 |
| Portfolio turnover rate as of the end of the reporting period | 0% |
Graphical Representation of Holdings (as of March 31, 2025)
The Fund's inception date was March 31, 2025, and the Fund held a 100% cash position only.